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: 811-07803
Name of Registrant: | Vanguard Scottsdale Funds |
Address of Registrant: | P.O. Box 2600 |
Valley Forge, PA 19482 |
Name and address of agent for service: | Anne E. Robinson, Esquire |
P.O. Box 876 | |
Valley Forge, PA 19482 |
Registrant’s telephone number, including area code: (610) 669-1000
Date of fiscal year end: August 31
Date of reporting period: September 1, 2020—February 28, 2021
Item 1: Reports to Shareholders
About Your Fund’s Expenses | 1 |
Financial Statements | 4 |
Trustees Approve Advisory Arrangements | 17 |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2021 | |||
Explorer Value Fund | Beginning Account Value 8/31/2020 | Ending Account Value 2/28/2021 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $1,406.30 | $3.34 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,022.02 | 2.81 |
Communication Services | 2.4% |
Consumer Discretionary | 7.6 |
Consumer Staples | 2.0 |
Energy | 3.5 |
Financials | 23.6 |
Health Care | 5.4 |
Industrials | 18.7 |
Information Technology | 14.7 |
Materials | 8.6 |
Real Estate | 10.5 |
Utilities | 3.0 |
Shares | Market Value• ($000) | ||
Common Stocks (89.2%) | |||
Communication Services (2.1%) | |||
Nexstar Media Group Inc. Class A | 95,183 | 13,092 | |
John Wiley & Sons Inc. Class A | 66,113 | 3,483 | |
16,575 | |||
Consumer Discretionary (6.8%) | |||
Lithia Motors Inc. Class A | 31,532 | 11,791 | |
Kontoor Brands Inc. | 137,278 | 5,800 | |
* | Adtalem Global Education Inc. | 139,528 | 5,483 |
* | Modine Manufacturing Co. | 369,841 | 5,130 |
LCI Industries | 35,849 | 5,053 | |
* | Lands' End Inc. | 115,823 | 3,827 |
* | Helen of Troy Ltd. | 15,460 | 3,352 |
* | Stoneridge Inc. | 107,390 | 3,293 |
* | Perdoceo Education Corp. | 250,377 | 3,222 |
Cooper Tire & Rubber Co. | 32,351 | 1,852 | |
* | LGI Homes Inc. | 16,787 | 1,834 |
* | Boot Barn Holdings Inc. | 22,433 | 1,355 |
51,992 | |||
Consumer Staples (1.8%) | |||
* | Hostess Brands Inc. Class A | 607,456 | 8,741 |
Spectrum Brands Holdings Inc. | 64,013 | 4,964 | |
13,705 | |||
Energy (3.1%) | |||
* | PDC Energy Inc. | 182,391 | 6,375 |
Cimarex Energy Co. | 82,726 | 4,797 | |
Pioneer Natural Resources Co. | 31,433 | 4,670 | |
Rattler Midstream Partners LP | 250,061 | 2,751 | |
Viper Energy Partners LP | 163,273 | 2,560 | |
International Seaways Inc. | 142,175 | 2,465 | |
23,618 | |||
Financials (21.1%) | |||
PacWest Bancorp | 458,460 | 16,615 | |
Starwood Property Trust Inc. | 500,531 | 11,427 | |
* | Bancorp Inc. | 519,821 | 10,537 |
Columbia Banking System Inc. | 237,856 | 10,535 | |
Popular Inc. | 144,377 | 9,647 | |
Pinnacle Financial Partners Inc. | 104,169 | 8,455 | |
Webster Financial Corp. | 140,103 | 7,749 |
Shares | Market Value• ($000) | ||
Washington Federal Inc. | 236,740 | 7,154 | |
First BanCorp. | 672,163 | 7,051 | |
Wintrust Financial Corp. | 93,784 | 6,908 | |
BankUnited Inc. | 167,403 | 6,728 | |
Argo Group International Holdings Ltd. | 139,386 | 6,441 | |
BGC Partners Inc. Class A | 1,377,830 | 6,173 | |
Pacific Premier Bancorp Inc. | 150,474 | 6,064 | |
Flushing Financial Corp. | 278,940 | 5,788 | |
First Merchants Corp. | 134,198 | 5,643 | |
Renasant Corp. | 141,999 | 5,578 | |
WSFS Financial Corp. | 104,444 | 5,550 | |
James River Group Holdings Ltd. | 119,510 | 5,487 | |
Evercore Inc. Class A | 43,530 | 5,214 | |
* | NMI Holdings Inc. Class A | 161,040 | 3,681 |
PJT Partners Inc. Class A | 43,416 | 3,027 | |
161,452 | |||
Health Care (4.8%) | |||
* | Syneos Health Inc. | 129,672 | 10,030 |
* | Change Healthcare Inc. | 350,241 | 8,010 |
* | Pacira BioSciences Inc. | 75,562 | 5,554 |
* | Envista Holdings Corp. | 125,188 | 4,825 |
* | Varex Imaging Corp. | 133,626 | 3,064 |
* | Acadia Healthcare Co. Inc. | 51,398 | 2,839 |
* | Merit Medical Systems Inc. | 44,745 | 2,493 |
36,815 | |||
Industrials (16.7%) | |||
* | Colfax Corp. | 272,049 | 12,065 |
KAR Auction Services Inc. | 709,883 | 9,875 | |
BWX Technologies Inc. | 150,139 | 8,710 | |
* | XPO Logistics Inc. | 60,251 | 7,025 |
Trinity Industries Inc. | 209,108 | 6,712 | |
* | Beacon Roofing Supply Inc. | 133,094 | 6,366 |
Altra Industrial Motion Corp. | 102,101 | 5,914 | |
KBR Inc. | 190,577 | 5,908 | |
* | Teledyne Technologies Inc. | 15,011 | 5,569 |
EnerSys | 60,939 | 5,502 | |
Encore Wire Corp. | 82,300 | 5,393 | |
Greenbrier Cos. Inc. | 110,179 | 5,184 | |
Interface Inc. Class A | 405,048 | 5,031 | |
Kaman Corp. | 103,290 | 5,026 | |
Applied Industrial Technologies Inc. | 57,849 | 4,939 | |
* | Builders FirstSource Inc. | 110,990 | 4,802 |
Quanta Services Inc. | 56,578 | 4,744 | |
* | WESCO International Inc. | 58,613 | 4,705 |
HNI Corp. | 98,580 | 3,508 | |
* | Stericycle Inc. | 44,551 | 2,890 |
AZZ Inc. | 40,108 | 2,049 | |
* | MRC Global Inc. | 226,921 | 1,983 |
Steelcase Inc. Class A | 126,763 | 1,767 | |
* | Saia Inc. | 5,455 | 1,094 |
* | CIRCOR International Inc. | 27,387 | 975 |
* | Atkore Inc. | 4,938 | 334 |
128,070 |
Shares | Market Value• ($000) | ||
Information Technology (13.1%) | |||
* | J2 Global Inc. | 137,388 | 15,302 |
Silicon Motion Technology Corp. ADR | 226,240 | 13,448 | |
* | ACI Worldwide Inc. | 269,508 | 10,311 |
* | Verint Systems Inc. | 172,521 | 8,503 |
* | Insight Enterprises Inc. | 88,222 | 7,374 |
* | Euronet Worldwide Inc. | 42,117 | 6,331 |
Jabil Inc. | 145,192 | 6,268 | |
Belden Inc. | 130,731 | 5,780 | |
* | Concentrix Corp. | 45,047 | 5,564 |
SYNNEX Corp. | 52,030 | 4,639 | |
* | Fabrinet | 50,571 | 4,467 |
* | Cognyte Software Ltd. | 148,549 | 4,289 |
* | Perficient Inc. | 59,455 | 3,311 |
* | MACOM Technology Solutions Holdings Inc. Class H | 29,405 | 1,892 |
MKS Instruments Inc. | 9,296 | 1,533 | |
* | Semtech Corp. | 15,153 | 1,111 |
100,123 | |||
Materials (7.6%) | |||
FMC Corp. | 130,131 | 13,233 | |
Silgan Holdings Inc. | 328,997 | 12,357 | |
* | Axalta Coating Systems Ltd. | 353,882 | 9,675 |
Ashland Global Holdings Inc. | 103,371 | 8,696 | |
Eagle Materials Inc. | 66,022 | 8,278 | |
Carpenter Technology Corp. | 104,919 | 4,266 | |
Compass Minerals International Inc. | 30,973 | 1,954 | |
58,459 | |||
Real Estate (9.4%) | |||
Medical Properties Trust Inc. | 624,083 | 13,474 | |
Gaming and Leisure Properties Inc. | 251,008 | 11,145 | |
* | Howard Hughes Corp. | 82,851 | 7,860 |
STAG Industrial Inc. | 190,452 | 6,009 | |
Corporate Office Properties Trust | 230,192 | 5,985 | |
SITE Centers Corp. | 440,265 | 5,873 | |
Spirit Realty Capital Inc. | 127,292 | 5,476 | |
Newmark Group Inc. Class A | 489,150 | 4,901 | |
Sunstone Hotel Investors Inc. | 347,877 | 4,595 | |
RPT Realty | 276,267 | 3,031 | |
Invitation Homes Inc. | 84,542 | 2,464 | |
Cousins Properties Inc. | 35,603 | 1,194 | |
72,007 | |||
Utilities (2.7%) | |||
MDU Resources Group Inc. | 238,261 | 6,695 | |
Portland General Electric Co. | 130,568 | 5,505 | |
Unitil Corp. | 103,293 | 4,322 | |
ALLETE Inc. | 65,721 | 4,083 | |
20,605 | |||
Total Common Stocks (Cost $481,593) | 683,421 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (10.2%) | |||
Money Market Fund (10.2%) | |||
1 | Vanguard Market Liquidity Fund, 0.099% (Cost $78,584) | 785,920 | 78,592 |
Total Investments (99.4%) (Cost $560,177) | 762,013 | ||
Other Assets and Liabilities—Net (0.6%) | 4,443 | ||
Net Assets (100%) | 766,456 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
ADR—American Depositary Receipt. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini Russell 2000 Index | March 2021 | 534 | 58,719 | 414 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $481,593) | 683,421 |
Affiliated Issuers (Cost $78,584) | 78,592 |
Total Investments in Securities | 762,013 |
Investment in Vanguard | 28 |
Cash Collateral Pledged—Futures Contracts | 3,473 |
Receivables for Investment Securities Sold | 370 |
Receivables for Accrued Income | 438 |
Receivables for Capital Shares Issued | 2,485 |
Total Assets | 768,807 |
Liabilities | |
Payables for Investment Securities Purchased | 530 |
Payables to Investment Advisor | 590 |
Payables for Capital Shares Redeemed | 1,132 |
Payables to Vanguard | 78 |
Variation Margin Payable—Futures Contracts | 21 |
Total Liabilities | 2,351 |
Net Assets | 766,456 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 539,991 |
Total Distributable Earnings (Loss) | 226,465 |
Net Assets | 766,456 |
Net Assets | |
Applicable to 18,131,430 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 766,456 |
Net Asset Value Per Share | $42.27 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 3,725 |
Interest2 | 22 |
Securities Lending—Net | 59 |
Total Income | 3,806 |
Expenses | |
Investment Advisory Fees—Note B | |
Basic Fee | 1,039 |
Performance Adjustment | 61 |
The Vanguard Group—Note C | |
Management and Administrative | 661 |
Marketing and Distribution | 33 |
Custodian Fees | 8 |
Shareholders’ Reports | 3 |
Trustees’ Fees and Expenses | — |
Total Expenses | 1,805 |
Net Investment Income | 2,001 |
Realized Net Gain (Loss) | |
Investment Securities Sold2 | 45,105 |
Futures Contracts | 8,114 |
Realized Net Gain (Loss) | 53,219 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 170,645 |
Futures Contracts | (995) |
Change in Unrealized Appreciation (Depreciation) | 169,650 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 224,870 |
1 | Dividends are net of foreign withholding taxes of $19,000. |
2 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $21,000, $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 2,001 | 7,981 | |
Realized Net Gain (Loss) | 53,219 | (18,460) | |
Change in Unrealized Appreciation (Depreciation) | 169,650 | (50,253) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 224,870 | (60,732) | |
Distributions | |||
Total Distributions | (5,943) | (10,473) | |
Capital Share Transactions | |||
Issued | 107,596 | 179,685 | |
Issued in Lieu of Cash Distributions | 5,616 | 9,910 | |
Redeemed | (128,307) | (210,832) | |
Net Increase (Decrease) from Capital Share Transactions | (15,095) | (21,237) | |
Total Increase (Decrease) | 203,832 | (92,442) | |
Net Assets | |||
Beginning of Period | 562,624 | 655,066 | |
End of Period | 766,456 | 562,624 |
For a Share Outstanding Throughout Each Period | Six Months, Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $30.32 | $33.49 | $40.53 | $34.45 | $31.55 | $30.09 |
Investment Operations | ||||||
Net Investment Income | .1091 | .4001 | .4941 | .3551 | .3291 | .293 |
Net Realized and Unrealized Gain (Loss) on Investments | 12.163 | (3.032) | (4.921) | 7.112 | 3.331 | 2.964 |
Total from Investment Operations | 12.272 | (2.632) | (4.427) | 7.467 | 3.660 | 3.257 |
Distributions | ||||||
Dividends from Net Investment Income | (.322) | (.538) | (.366) | (.288) | (.308) | (.237) |
Distributions from Realized Capital Gains | — | — | (2.247) | (1.099) | (.452) | (1.560) |
Total Distributions | (.322) | (.538) | (2.613) | (1.387) | (.760) | (1.797) |
Net Asset Value, End of Period | $42.27 | $30.32 | $33.49 | $40.53 | $34.45 | $31.55 |
Total Return2 | 40.63% | -8.12% | -10.10% | 22.10% | 11.64% | 11.41% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $766 | $563 | $655 | $768 | $607 | $377 |
Ratio of Total Expenses to Average Net Assets3 | 0.56% | 0.64% | 0.55% | 0.56% | 0.55% | 0.57% |
Ratio of Net Investment Income to Average Net Assets | 0.62% | 1.28% | 1.45% | 0.95% | 0.98% | 1.03% |
Portfolio Turnover Rate | 15% | 42% | 27% | 31% | 33% | 61% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Includes performance-based investment advisory fee increases (decreases) of 0.02%, 0.09%, 0.01%, 0.03%, and (0.01%). |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | The investment advisory firms Frontier Capital Management Co., LLC, and Cardinal Capital Management, L.L.C., each provide investment advisory services to a portion of the fund for a fee calculated at an annual percentage rate of average net assets managed by the advisor. The basic fee of Frontier Capital Management Co., LLC, is subject to quarterly adjustments based on performance relative to the Russell 2000 Value Index for the preceding three years. The basic fee of Cardinal Capital Management, L.L.C., is subject to quarterly adjustments based on performance relative to the Russell 3000 Value Custom Index for the preceding three years. |
C. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund corporate management, administrative, marketing, distribution and cash management services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
D. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 683,421 | — | — | 683,421 |
Temporary Cash Investments | 78,592 | — | — | 78,592 |
Total | 762,013 | — | — | 762,013 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 414 | — | — | 414 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
E. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 562,382 |
Gross Unrealized Appreciation | 215,766 |
Gross Unrealized Depreciation | (15,721) |
Net Unrealized Appreciation (Depreciation) | 200,045 |
F. | During the six months ended February 28, 2021, the fund purchased $90,954,000 of investment securities and sold $148,272,000 of investment securities, other than temporary cash investments. |
G. | Capital shares issued and redeemed were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
Shares (000) | Shares (000) | ||
Issued | 2,915 | 5,985 | |
Issued in Lieu of Cash Distributions | 152 | 274 | |
Redeemed | (3,489) | (7,268) | |
Net Increase (Decrease) in Shares Outstanding | (422) | (1,009) |
H. | Management has determined that no events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
All rights reserved.
Vanguard Marketing Corporation, Distributor.
Vanguard Russell 1000 Index Fund |
Vanguard Russell 1000 Value Index Fund |
Vanguard Russell 1000 Growth Index Fund |
About Your Fund’s Expenses | 1 |
Russell 1000 Index Fund | 3 |
Russell 1000 Value Index Fund | 17 |
Russell 1000 Growth Index Fund | 32 |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2021 | |||
Beginning Account Value 8/31/2020 | Ending Account Value 2/28/2021 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Russell 1000 Index Fund | |||
ETF Shares | $1,000.00 | $1,117.60 | $0.42 |
Institutional Shares | 1,000.00 | 1,117.60 | 0.37 |
Russell 1000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,190.90 | $0.43 |
Institutional Shares | 1,000.00 | 1,191.10 | 0.38 |
Russell 1000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,053.00 | $0.41 |
Institutional Shares | 1,000.00 | 1,053.10 | 0.36 |
Based on Hypothetical 5% Yearly Return | |||
Russell 1000 Index Fund | |||
ETF Shares | $1,000.00 | $1,024.40 | $0.40 |
Institutional Shares | 1,000.00 | 1,024.45 | 0.35 |
Russell 1000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,024.40 | $0.40 |
Institutional Shares | 1,000.00 | 1,024.45 | 0.35 |
Russell 1000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,024.40 | $0.40 |
Institutional Shares | 1,000.00 | 1,024.45 | 0.35 |
Basic Materials | 1.9% |
Consumer Discretionary | 16.6 |
Consumer Staples | 4.9 |
Energy | 2.7 |
Financials | 10.9 |
Health Care | 12.7 |
Industrials | 13.8 |
Oil & Gas | 0.0 |
Real Estate | 3.2 |
Technology | 27.3 |
Telecommunications | 3.4 |
Utilities | 2.6 |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Common Stocks | ||||
†Basic Materials* | 87,311 | 1.9% | ||
Consumer Discretionary | ||||
Amazon.com Inc. * | 54,118 | 167,383 | 3.6% | |
Tesla Inc. * | 96,509 | 65,192 | 1.4% | |
Walt Disney Co. * | 230,667 | 43,605 | 1.0% | |
Home Depot Inc. | 137,081 | 35,414 | 0.8% | |
Netflix Inc. * | 54,274 | 29,246 | 0.6% | |
Walmart Inc. | 177,922 | 23,116 | 0.5% | |
NIKE Inc. Class B | 156,442 | 21,085 | 0.5% | |
McDonald's Corp. | 95,014 | 19,586 | 0.4% | |
Costco Wholesale Corp. | 56,341 | 18,649 | 0.4% | |
† | Consumer Discretionary—Other * | 341,235 | 7.3% | |
764,511 | 16.5% | |||
Consumer Staples | ||||
Procter & Gamble Co. | 311,070 | 38,427 | 0.8% | |
Coca-Cola Co. | 493,457 | 24,174 | 0.5% | |
PepsiCo Inc. | 177,187 | 22,891 | 0.5% | |
† | Consumer Staples—Other *,1 | 142,491 | 3.1% | |
227,983 | 4.9% | |||
Energy | ||||
Exxon Mobil Corp. | 540,223 | 29,372 | 0.6% | |
Chevron Corp. | 245,835 | 24,584 | 0.5% | |
† | Energy—Other * | 72,803 | 1.6% | |
126,759 | 2.7% | |||
Financials | ||||
Berkshire Hathaway Inc. Class B * | 240,089 | 57,744 | 1.3% | |
JPMorgan Chase & Co. | 386,595 | 56,895 | 1.2% |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Bank of America Corp. | 987,186 | 34,265 | 0.8% | |
† | Financials—Other *,1 | 353,502 | 7.6% | |
502,406 | 10.9% | |||
Health Care | ||||
Johnson & Johnson | 336,580 | 53,334 | 1.2% | |
UnitedHealth Group Inc. | 120,495 | 40,031 | 0.9% | |
Abbott Laboratories | 220,605 | 26,424 | 0.6% | |
AbbVie Inc. | 224,858 | 24,226 | 0.5% | |
Pfizer Inc. | 709,804 | 23,771 | 0.5% | |
Merck & Co. Inc. | 322,480 | 23,418 | 0.5% | |
Thermo Fisher Scientific Inc. | 50,415 | 22,691 | 0.5% | |
Eli Lilly and Co. | 107,510 | 22,028 | 0.5% | |
Medtronic plc | 171,203 | 20,026 | 0.4% | |
Bristol-Myers Squibb Co. | 288,998 | 17,724 | 0.4% | |
† | Health Care—Other * | 313,630 | 6.7% | |
587,303 | 12.7% | |||
Industrials | ||||
Visa Inc. Class A | 215,507 | 45,772 | 1.0% | |
Mastercard Inc. Class A | 112,599 | 39,843 | 0.9% | |
PayPal Holdings Inc. * | 149,882 | 38,947 | 0.9% | |
Accenture plc Class A | 81,352 | 20,411 | 0.5% | |
Honeywell International Inc. | 89,616 | 18,134 | 0.4% | |
Union Pacific Corp. | 86,650 | 17,846 | 0.4% | |
† | Industrials—Other * | 457,215 | 9.7% | |
638,168 | 13.8% | |||
†Oil & Gas* | 949 | 0.0% | ||
†Real Estate* | 147,235 | 3.2% | ||
Technology | ||||
Apple Inc. | 2,059,832 | 249,775 | 5.4% | |
Microsoft Corp. | 955,806 | 222,110 | 4.8% | |
Facebook Inc. Class A * | 306,491 | 78,958 | 1.7% | |
Alphabet Inc. Class A * | 38,323 | 77,486 | 1.7% | |
Alphabet Inc. Class C * | 37,104 | 75,576 | 1.6% | |
NVIDIA Corp. | 75,341 | 41,331 | 0.9% | |
Intel Corp. | 523,664 | 31,828 | 0.7% | |
Adobe Inc. * | 61,405 | 28,226 | 0.6% | |
salesforce.com Inc. * | 111,905 | 24,227 | 0.5% | |
Broadcom Inc. | 50,399 | 23,681 | 0.5% | |
Texas Instruments Inc. | 117,164 | 20,184 | 0.4% | |
QUALCOMM Inc. | 143,625 | 19,560 | 0.4% | |
† | Technology—Other * | 366,367 | 8.1% | |
1,259,309 | 27.3% | |||
Telecommunications | ||||
Comcast Corp. Class A | 578,375 | 30,492 | 0.7% | |
Verizon Communications Inc. | 528,909 | 29,249 | 0.6% | |
AT&T Inc. | 910,248 | 25,387 | 0.6% | |
Cisco Systems Inc. | 542,021 | 24,320 | 0.5% | |
† | Telecommunications—Other * | 47,013 | 1.0% | |
156,461 | 3.4% | |||
Utilities | ||||
NextEra Energy Inc. | 249,795 | 18,355 | 0.4% |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
† | Utilities—Other * | 101,759 | 2.2% | |
120,114 | 2.6% | |||
Total Common Stocks (Cost $2,963,035) | 4,618,509 | 99.9% | ||
Temporary Cash Investments | ||||
Money Market Fund | ||||
Vanguard Market Liquidity Fund, 0.099% (Cost $368)2,3 | 3,683 | 368 | 0.0% | |
Total Investments (Cost $2,963,403) | 4,618,877 | 99.9% | ||
Other Assets and Liabilities—Net | 2,665 | 0.1% | ||
Net Assets | 4,621,542 | 100.0% | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $372,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $365,000 was received for securities on loan. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | March 2021 | 17 | 3,238 | (51) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $2,963,035) | 4,618,509 |
Affiliated Issuers (Cost $368) | 368 |
Total Investments in Securities | 4,618,877 |
Investment in Vanguard | 168 |
Cash Collateral Pledged—Futures Contracts | 190 |
Receivables for Accrued Income | 6,127 |
Receivables for Capital Shares Issued | 31,291 |
Total Assets | 4,656,653 |
Liabilities | |
Due to Custodian | 2,577 |
Payables for Investment Securities Purchased | 31,612 |
Collateral for Securities on Loan | 365 |
Payables for Capital Shares Redeemed | 376 |
Payables to Vanguard | 165 |
Variation Margin Payable—Futures Contracts | 16 |
Total Liabilities | 35,111 |
Net Assets | 4,621,542 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 2,809,295 |
Total Distributable Earnings (Loss) | 1,812,247 |
Net Assets | 4,621,542 |
ETF Shares—Net Assets | |
Applicable to 12,700,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,272,029 |
Net Asset Value Per Share—ETF Shares | $178.90 |
Institutional Shares—Net Assets | |
Applicable to 6,779,489 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,349,513 |
Net Asset Value Per Share—Institutional Shares | $346.56 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends | 30,939 |
Interest1 | 2 |
Securities Lending—Net | 41 |
Total Income | 30,982 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 314 |
Management and Administrative—ETF Shares | 502 |
Management and Administrative—Institutional Shares | 527 |
Marketing and Distribution—ETF Shares | 46 |
Marketing and Distribution—Institutional Shares | 29 |
Custodian Fees | 118 |
Shareholders’ Reports—ETF Shares | 8 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | — |
Total Expenses | 1,544 |
Net Investment Income | 29,438 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 236,304 |
Futures Contracts | 1,418 |
Realized Net Gain (Loss) | 237,722 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 192,315 |
Futures Contracts | (758) |
Change in Unrealized Appreciation (Depreciation) | 191,557 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 458,717 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $2,000, $0, and $0, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $242,342,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 29,438 | 67,097 | |
Realized Net Gain (Loss) | 237,722 | 84,160 | |
Change in Unrealized Appreciation (Depreciation) | 191,557 | 625,102 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 458,717 | 776,359 | |
Distributions | |||
ETF Shares | (14,432) | (23,937) | |
Institutional Shares | (18,514) | (43,999) | |
Total Distributions | (32,946) | (67,936) | |
Capital Share Transactions | |||
ETF Shares | 393,526 | 210,407 | |
Institutional Shares | (399,305) | (236,257) | |
Net Increase (Decrease) from Capital Share Transactions | (5,779) | (25,850) | |
Total Increase (Decrease) | 419,992 | 682,573 | |
Net Assets | |||
Beginning of Period | 4,201,550 | 3,518,977 | |
End of Period | 4,621,542 | 4,201,550 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $161.36 | $134.37 | $133.57 | $113.60 | $99.81 | $91.37 |
Investment Operations | ||||||
Net Investment Income | 1.1731 | 2.5251 | 2.3951 | 2.2091 | 2.0541 | 1.892 |
Net Realized and Unrealized Gain (Loss) on Investments | 17.683 | 27.028 | .759 | 19.896 | 13.753 | 8.383 |
Total from Investment Operations | 18.856 | 29.553 | 3.154 | 22.105 | 15.807 | 10.275 |
Distributions | ||||||
Dividends from Net Investment Income | (1.316) | (2.563) | (2.354) | (2.135) | (2.017) | (1.835) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.316) | (2.563) | (2.354) | (2.135) | (2.017) | (1.835) |
Net Asset Value, End of Period | $178.90 | $161.36 | $134.37 | $133.57 | $113.60 | $99.81 |
Total Return | 11.76% | 22.39% | 2.45% | 19.68% | 16.02% | 11.41% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,272 | $1,678 | $1,196 | $1,008 | $724 | $679 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.12% | 0.12% | 0.12% |
Ratio of Net Investment Income to Average Net Assets | 1.42% | 1.79% | 1.85% | 1.78% | 1.94% | 2.05% |
Portfolio Turnover Rate2 | 3% | 9% | 6% | 9% | 11% | 9% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | �� | |||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $312.59 | $260.26 | $258.75 | $220.06 | $193.36 | $176.99 |
Investment Operations | ||||||
Net Investment Income | 2.3081 | 4.9271 | 4.6451 | 4.3451 | 4.0801 | 3.732 |
Net Realized and Unrealized Gain (Loss) on Investments | 34.222 | 52.362 | 1.483 | 38.573 | 26.609 | 16.259 |
Total from Investment Operations | 36.530 | 57.289 | 6.128 | 42.918 | 30.689 | 19.991 |
Distributions | ||||||
Dividends from Net Investment Income | (2.560) | (4.959) | (4.618) | (4.228) | (3.989) | (3.621) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.560) | (4.959) | (4.618) | (4.228) | (3.989) | (3.621) |
Net Asset Value, End of Period | $346.56 | $312.59 | $260.26 | $258.75 | $220.06 | $193.36 |
Total Return | 11.76% | 22.45% | 2.45% | 19.72% | 16.06% | 11.47% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,350 | $2,523 | $2,323 | $2,134 | $2,014 | $1,549 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.45% | 1.81% | 1.86% | 1.82% | 1.98% | 2.09% |
Portfolio Turnover Rate2 | 3% | 9% | 6% | 9% | 11% | 9% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
D. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 2,968,110 |
Gross Unrealized Appreciation | 1,780,801 |
Gross Unrealized Depreciation | (130,085) |
Net Unrealized Appreciation (Depreciation) | 1,650,716 |
E. | During the six months ended February 28, 2021, the fund purchased $585,728,000 of investment securities and sold $585,040,000 of investment securities, other than temporary cash investments. Purchases and sales include $423,000,000 and $447,769,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 848,150 | 5,050 | 484,207 | 3,500 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (454,624) | (2,750) | (273,800) | (2,000) | |
Net Increase (Decrease)—ETF Shares | 393,526 | 2,300 | 210,407 | 1,500 | |
Institutional Shares | |||||
Issued | 202,399 | 585 | 264,170 | 1,009 | |
Issued in Lieu of Cash Distributions | 17,602 | 56 | 42,228 | 165 | |
Redeemed | (619,306) | (1,934) | (542,655) | (2,028) | |
Net Increase (Decrease)—Institutional Shares | (399,305) | (1,293) | (236,257) | (854) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
Basic Materials | 3.5% |
Consumer Discretionary | 12.9 |
Consumer Staples | 6.5 |
Energy | 5.3 |
Financials | 19.9 |
Health Care | 12.1 |
Industrials | 15.4 |
Oil & Gas | 0.0 |
Real Estate | 4.6 |
Technology | 8.6 |
Telecommunications | 6.0 |
Utilities | 5.2 |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Common Stocks | ||||
Basic Materials | ||||
Linde plc | 149,064 | 36,412 | 0.7% | |
† | Basic Materials—Other * | 139,398 | 2.7% | |
175,810 | 3.4% | |||
Consumer Discretionary | ||||
Walt Disney Co. * | 512,985 | 96,975 | 1.9% | |
Walmart Inc. | 350,389 | 45,523 | 0.9% | |
Home Depot Inc. | 152,540 | 39,407 | 0.8% | |
McDonald's Corp. | 181,072 | 37,326 | 0.7% | |
Target Corp. | 141,651 | 25,984 | 0.5% | |
† | Consumer Discretionary—Other * | 412,715 | 8.1% | |
657,930 | 12.9% | |||
Consumer Staples | ||||
Procter & Gamble Co. | 381,826 | 47,167 | 0.9% | |
Philip Morris International Inc. | 441,787 | 37,119 | 0.7% | |
CVS Health Corp. | 371,184 | 25,289 | 0.5% | |
Coca-Cola Co. | 453,564 | 22,220 | 0.4% | |
Mondelez International Inc. Class A | 400,909 | 21,312 | 0.4% | |
† | Consumer Staples—Other *,1 | 180,139 | 3.6% | |
333,246 | 6.5% | |||
Energy | ||||
Exxon Mobil Corp. | 1,201,537 | 65,328 | 1.3% | |
Chevron Corp. | 546,666 | 54,667 | 1.1% | |
† | Energy—Other * | 147,942 | 2.9% | |
267,937 | 5.3% |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Financials | ||||
Berkshire Hathaway Inc. Class B * | 533,445 | 128,299 | 2.5% | |
JPMorgan Chase & Co. | 859,361 | 126,472 | 2.5% | |
Bank of America Corp. | 2,195,027 | 76,189 | 1.5% | |
Citigroup Inc. | 591,212 | 38,949 | 0.8% | |
Wells Fargo & Co. | 1,065,869 | 38,553 | 0.8% | |
Goldman Sachs Group Inc. | 94,103 | 30,064 | 0.6% | |
BlackRock Inc. | 41,800 | 29,030 | 0.6% | |
Morgan Stanley | 377,471 | 29,016 | 0.6% | |
Charles Schwab Corp. | 390,267 | 24,087 | 0.5% | |
Truist Financial Corp. | 381,756 | 21,745 | 0.4% | |
† | Financials—Other *,1 | 467,645 | 9.0% | |
1,010,049 | 19.8% | |||
Health Care | ||||
Johnson & Johnson | 647,813 | 102,652 | 2.0% | |
Pfizer Inc. | 1,578,375 | 52,860 | 1.0% | |
Medtronic plc | 380,577 | 44,516 | 0.9% | |
Danaher Corp. | 177,604 | 39,014 | 0.8% | |
Abbott Laboratories | 302,112 | 36,187 | 0.7% | |
Bristol-Myers Squibb Co. | 408,946 | 25,081 | 0.5% | |
Gilead Sciences Inc. | 356,034 | 21,860 | 0.4% | |
Thermo Fisher Scientific Inc. | 46,311 | 20,844 | 0.4% | |
Viatris Inc. * | 351,036 | 5,213 | 0.1% | |
† | Health Care—Other * | 267,280 | 5.3% | |
615,507 | 12.1% | |||
Industrials | ||||
Honeywell International Inc. | 199,258 | 40,320 | 0.8% | |
Caterpillar Inc. | 153,663 | 33,173 | 0.7% | |
Boeing Co. | 151,617 | 32,144 | 0.6% | |
General Electric Co. | 2,468,331 | 30,953 | 0.6% | |
Raytheon Technologies Corp. | 404,584 | 29,126 | 0.6% | |
Deere & Co. | 80,021 | 27,937 | 0.6% | |
American Express Co. | 185,757 | 25,126 | 0.5% | |
Fidelity National Information Services Inc. | 175,383 | 24,203 | 0.5% | |
† | Industrials—Other * | 541,390 | 10.5% | |
784,372 | 15.4% | |||
†Oil & Gas* | 2,115 | 0.0% | ||
†Real Estate* | 231,742 | 4.5% | ||
Technology | ||||
Intel Corp. | 1,164,133 | 70,756 | 1.4% | |
Alphabet Inc. Class A * | 19,055 | 38,528 | 0.8% | |
Alphabet Inc. Class C * | 18,510 | 37,702 | 0.7% | |
International Business Machines Corp. | 252,327 | 30,009 | 0.6% | |
Micron Technology Inc. * | 315,743 | 28,900 | 0.6% | |
Texas Instruments Inc. | 130,865 | 22,544 | 0.4% | |
† | Technology—Other * | 211,373 | 4.1% | |
439,812 | 8.6% | |||
Telecommunications | ||||
Comcast Corp. Class A | 1,286,140 | 67,805 | 1.3% | |
Verizon Communications Inc. | 1,174,913 | 64,973 | 1.3% | |
AT&T Inc. | 2,023,872 | 56,446 | 1.1% | |
Cisco Systems Inc. | 1,205,185 | 54,077 | 1.1% |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
† | Telecommunications—Other * | 62,143 | 1.2% | |
305,444 | 6.0% | |||
Utilities | ||||
NextEra Energy Inc. | 555,541 | 40,821 | 0.8% | |
† | Utilities—Other * | 223,581 | 4.4% | |
264,402 | 5.2% | |||
Total Common Stocks (Cost $4,211,860) | 5,088,366 | 99.7% | ||
Temporary Cash Investments | ||||
Money Market Fund | ||||
Vanguard Market Liquidity Fund, 0.099% (Cost $7,365)2,3 | 73,651 | 7,365 | 0.1% | |
Total Investments (Cost $4,219,225) | 5,095,731 | 99.8% | ||
Other Assets and Liabilities—Net | 9,561 | 0.2% | ||
Net Assets | 5,105,292 | 100.0% | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $539,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $532,000 was received for securities on loan, of which $531,000 is held in Vanguard Market Liquidity Fund and $1,000 is held in cash. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | March 2021 | 62 | 11,809 | (83) |
Over-the-Counter Total Return Swaps | ||||||
Reference Entity | Termination Date | Counterparty | Notional Amount ($000) | Floating Interest Rate Received (Paid)1 (%) | Value and Unrealized Appreciation ($000) | Value and Unrealized (Depreciation) ($000) |
Walmart Inc. | 8/31/21 | BOANA | 5,846 | (0.120) | — | (1) |
1 | Based on 1M USD London Interbank Offered Rate (LIBOR) as of the most recent payment date. Floating interest payment received/paid monthly. |
1M—1-month. | |
BOANA—Bank of America, N.A. |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $4,211,860) | 5,088,366 |
Affiliated Issuers (Cost $7,365) | 7,365 |
Total Investments in Securities | 5,095,731 |
Investment in Vanguard | 180 |
Cash | 1 |
Cash Collateral Pledged—Futures Contracts | 514 |
Receivables for Investment Securities Sold | 379 |
Receivables for Accrued Income | 9,934 |
Receivables for Capital Shares Issued | 1,274 |
Total Assets | 5,108,013 |
Liabilities | |
Due to Custodian | 991 |
Payables for Investment Securities Purchased | 724 |
Collateral for Securities on Loan | 532 |
Payables for Capital Shares Redeemed | 249 |
Payables to Vanguard | 183 |
Variation Margin Payable—Futures Contracts | 41 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 1 |
Total Liabilities | 2,721 |
Net Assets | 5,105,292 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 4,551,456 |
Total Distributable Earnings (Loss) | 553,836 |
Net Assets | 5,105,292 |
ETF Shares—Net Assets | |
Applicable to 29,725,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,744,219 |
Net Asset Value Per Share—ETF Shares | $125.96 |
Institutional Shares—Net Assets | |
Applicable to 5,533,180 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,361,073 |
Net Asset Value Per Share—Institutional Shares | $245.98 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends | 47,279 |
Interest1 | 3 |
Securities Lending—Net | 57 |
Total Income | 47,339 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 329 |
Management and Administrative—ETF Shares | 775 |
Management and Administrative—Institutional Shares | 262 |
Marketing and Distribution—ETF Shares | 75 |
Marketing and Distribution—Institutional Shares | 21 |
Custodian Fees | 199 |
Shareholders’ Reports—ETF Shares | 17 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | — |
Total Expenses | 1,678 |
Net Investment Income | 45,661 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 64,802 |
Futures Contracts | 494 |
Swap Contracts | 68 |
Realized Net Gain (Loss) | 65,364 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 665,400 |
Futures Contracts | (87) |
Swap Contracts | (450) |
Change in Unrealized Appreciation (Depreciation) | 664,863 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 775,888 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $3,000, $0, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $79,715,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 45,661 | 100,739 | |
Realized Net Gain (Loss) | 65,364 | (100,042) | |
Change in Unrealized Appreciation (Depreciation) | 664,863 | 59,529 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 775,888 | 60,226 | |
Distributions | |||
ETF Shares | (35,969) | (60,505) | |
Institutional Shares | (14,726) | (42,607) | |
Total Distributions | (50,695) | (103,112) | |
Capital Share Transactions | |||
ETF Shares | 577,058 | 674,867 | |
Institutional Shares | (49,787) | (582,146) | |
Net Increase (Decrease) from Capital Share Transactions | 527,271 | 92,721 | |
Total Increase (Decrease) | 1,252,464 | 49,835 | |
Net Assets | |||
Beginning of Period | 3,852,828 | 3,802,993 | |
End of Period | 5,105,292 | 3,852,828 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $107.03 | $109.22 | $111.20 | $101.32 | $93.14 | $84.77 |
Investment Operations | ||||||
Net Investment Income | 1.1951 | 2.8151 | 2.7131 | 2.5221 | 2.4371 | 2.205 |
Net Realized and Unrealized Gain (Loss) on Investments | 19.074 | (2.121) | (2.107) | 9.836 | 8.109 | 8.312 |
Total from Investment Operations | 20.269 | .694 | .606 | 12.358 | 10.546 | 10.517 |
Distributions | ||||||
Dividends from Net Investment Income | (1.339) | (2.884) | (2.586) | (2.478) | (2.366) | (2.147) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.339) | (2.884) | (2.586) | (2.478) | (2.366) | (2.147) |
Net Asset Value, End of Period | $125.96 | $107.03 | $109.22 | $111.20 | $101.32 | $93.14 |
Total Return | 19.09% | 0.75% | 0.60% | 12.36% | 11.45% | 12.65% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $3,744 | $2,646 | $1,914 | $1,487 | $1,153 | $668 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.12% | 0.12% | 0.12% |
Ratio of Net Investment Income to Average Net Assets | 2.16% | 2.65% | 2.51% | 2.35% | 2.48% | 2.58% |
Portfolio Turnover Rate2 | 2% | 24% | 17% | 16% | 22% | 18% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $209.00 | $213.25 | $217.14 | $197.85 | $181.86 | $165.50 |
Investment Operations | ||||||
Net Investment Income | 2.3571 | 5.5941 | 5.2941 | 4.9781 | 4.8501 | 4.359 |
Net Realized and Unrealized Gain (Loss) on Investments | 37.245 | (4.226) | (4.087) | 19.227 | 15.821 | 16.249 |
Total from Investment Operations | 39.602 | 1.368 | 1.207 | 24.205 | 20.671 | 20.608 |
Distributions | ||||||
Dividends from Net Investment Income | (2.622) | (5.618) | (5.097) | (4.915) | (4.681) | (4.248) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.622) | (5.618) | (5.097) | (4.915) | (4.681) | (4.248) |
Net Asset Value, End of Period | $245.98 | $209.00 | $213.25 | $217.14 | $197.85 | $181.86 |
Total Return | 19.11% | 0.81% | 0.61% | 12.39% | 11.49% | 12.72% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,361 | $1,207 | $1,889 | $1,603 | $1,541 | $1,485 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 2.19% | 2.64% | 2.52% | 2.39% | 2.52% | 2.62% |
Portfolio Turnover Rate2 | 2% | 24% | 17% | 16% | 22% | 18% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 5,088,366 | — | — | 5,088,366 |
Temporary Cash Investments | 7,365 | — | — | 7,365 |
Total | 5,095,731 | — | — | 5,095,731 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 83 | — | — | 83 |
Swap Contracts | — | 1 | — | 1 |
Total | 83 | 1 | — | 84 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 4,227,257 |
Gross Unrealized Appreciation | 1,017,400 |
Gross Unrealized Depreciation | (149,008) |
Net Unrealized Appreciation (Depreciation) | 868,392 |
E. | During the six months ended February 28, 2021, the fund purchased $857,706,000 of investment securities and sold $343,226,000 of investment securities, other than temporary cash investments. Purchases and sales include $741,097,000 and $248,623,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 826,926 | 7,200 | 1,468,858 | 14,775 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (249,868) | (2,200) | (793,991) | (7,575) | |
Net Increase (Decrease)—ETF Shares | 577,058 | 5,000 | 674,867 | 7,200 | |
Institutional Shares | |||||
Issued | 142,011 | 608 | 342,811 | 1,698 | |
Issued in Lieu of Cash Distributions | 13,022 | 60 | 38,347 | 191 | |
Redeemed | (204,820) | (908) | (963,304) | (4,974) | |
Net Increase (Decrease)—Institutional Shares | (49,787) | (240) | (582,146) | (3,085) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
Basic Materials | 0.4% |
Consumer Discretionary | 20.0 |
Consumer Staples | 3.4 |
Energy | 0.3 |
Financials | 2.1 |
Health Care | 13.3 |
Industrials | 12.3 |
Real Estate | 1.8 |
Technology | 45.6 |
Telecommunications | 0.8 |
Utilities | 0.0 |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Common Stocks | ||||
†Basic Materials | 30,501 | 0.4% | ||
Consumer Discretionary | ||||
Amazon.com Inc. * | 201,938 | 624,580 | 7.2% | |
Tesla Inc. * | 360,123 | 243,263 | 2.8% | |
Netflix Inc. * | 202,533 | 109,135 | 1.3% | |
NIKE Inc. Class B | 583,704 | 78,672 | 0.9% | |
Home Depot Inc. | 255,773 | 66,076 | 0.8% | |
Costco Wholesale Corp. | 185,496 | 61,399 | 0.7% | |
Lowe's Cos. Inc. | 359,974 | 57,506 | 0.7% | |
Booking Holdings Inc. * | 19,457 | 45,306 | 0.5% | |
Starbucks Corp. | 321,016 | 34,679 | 0.4% | |
† | Consumer Discretionary—Other * | 417,536 | 4.7% | |
1,738,152 | 20.0% | |||
Consumer Staples | ||||
Procter & Gamble Co. | 518,695 | 64,074 | 0.7% | |
PepsiCo Inc. | 484,948 | 62,650 | 0.7% | |
Coca-Cola Co. | 1,080,216 | 52,920 | 0.6% | |
† | Consumer Staples—Other *,1 | 111,695 | 1.4% | |
291,339 | 3.4% | |||
†Energy* | 23,338 | 0.3% | ||
†Financials*,1 | 179,232 | 2.1% | ||
Health Care | ||||
UnitedHealth Group Inc. | 373,905 | 124,219 | 1.4% | |
AbbVie Inc. | 788,542 | 84,958 | 1.0% | |
Eli Lilly and Co. | 401,113 | 82,184 | 0.9% | |
Merck & Co. Inc. | 1,051,104 | 76,331 | 0.9% |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Amgen Inc. | 277,363 | 62,385 | 0.7% | |
Thermo Fisher Scientific Inc. | 110,399 | 49,688 | 0.6% | |
Intuitive Surgical Inc. * | 55,098 | 40,596 | 0.5% | |
Abbott Laboratories | 315,958 | 37,845 | 0.4% | |
Zoetis Inc. | 204,729 | 31,782 | 0.4% | |
Illumina Inc. * | 69,843 | 30,690 | 0.4% | |
† | Health Care—Other * | 538,012 | 6.1% | |
1,158,690 | 13.3% | |||
Industrials | ||||
Visa Inc. Class A | 804,084 | 170,779 | 2.0% | |
Mastercard Inc. Class A | 420,145 | 148,668 | 1.7% | |
PayPal Holdings Inc. * | 559,327 | 145,341 | 1.7% | |
Accenture plc Class A | 303,542 | 76,159 | 0.9% | |
Square Inc. Class A * | 175,925 | 40,468 | 0.5% | |
Lockheed Martin Corp. | 117,782 | 38,898 | 0.5% | |
United Parcel Service Inc. Class B | 225,139 | 35,534 | 0.4% | |
Union Pacific Corp. | 164,846 | 33,952 | 0.4% | |
3M Co. | 176,561 | 30,909 | 0.4% | |
† | Industrials—Other * | 344,304 | 3.8% | |
1,065,012 | 12.3% | |||
Real Estate | ||||
American Tower Corp. | 210,063 | 45,401 | 0.5% | |
† | Real Estate—Other * | 115,067 | 1.3% | |
160,468 | 1.8% | |||
Technology | ||||
Apple Inc. | 7,685,725 | 931,971 | 10.7% | |
Microsoft Corp. | 3,566,326 | 828,743 | 9.5% | |
Facebook Inc. Class A * | 1,143,605 | 294,616 | 3.4% | |
Alphabet Inc. Class A * | 110,952 | 224,335 | 2.6% | |
Alphabet Inc. Class C * | 107,447 | 218,855 | 2.5% | |
NVIDIA Corp. | 281,148 | 154,232 | 1.8% | |
Adobe Inc. * | 229,131 | 105,325 | 1.2% | |
salesforce.com Inc. * | 387,118 | 83,811 | 1.0% | |
Broadcom Inc. | 178,290 | 83,773 | 1.0% | |
QUALCOMM Inc. | 535,984 | 72,996 | 0.8% | |
Applied Materials Inc. | 436,250 | 51,560 | 0.6% | |
Oracle Corp. | 789,723 | 50,945 | 0.6% | |
ServiceNow Inc. * | 92,609 | 49,403 | 0.6% | |
Intuit Inc. | 120,019 | 46,824 | 0.5% | |
Advanced Micro Devices Inc. * | 530,350 | 44,820 | 0.5% | |
Lam Research Corp. | 69,026 | 39,151 | 0.5% | |
Texas Instruments Inc. | 217,567 | 37,480 | 0.4% | |
† | Technology—Other *,1 | 642,085 | 7.4% | |
3,960,925 | 45.6% | |||
Telecommunications | ||||
Charter Communications Inc. Class A * | 62,241 | 38,180 | 0.4% | |
† | Telecommunications—Other * | 32,942 | 0.4% | |
71,122 | 0.8% | |||
†Utilities | 4,348 | 0.0% | ||
Total Common Stocks (Cost $5,015,651) | 8,683,127 | 100.0% |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Temporary Cash Investments | ||||
Money Market Fund | ||||
Vanguard Market Liquidity Fund, 0.099% (Cost $2,922)2,3 | 29,226 | 2,923 | 0.0% | |
Total Investments (Cost $5,018,573) | 8,686,050 | 100.0% | ||
Other Assets and Liabilities—Net | (3,152) | (0.0)% | ||
Net Assets | 8,682,898 | 100.0% | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $2,787,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $2,917,000 was received for securities on loan. |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $5,015,651) | 8,683,127 |
Affiliated Issuers (Cost $2,922) | 2,923 |
Total Investments in Securities | 8,686,050 |
Investment in Vanguard | 333 |
Receivables for Investment Securities Sold | 1,263 |
Receivables for Accrued Income | 6,105 |
Receivables for Capital Shares Issued | 685 |
Variation Margin Receivable—Futures Contracts | 113 |
Total Assets | 8,694,549 |
Liabilities | |
Due to Custodian | 4,405 |
Collateral for Securities on Loan | 2,917 |
Payables for Capital Shares Redeemed | 4,009 |
Payables to Vanguard | 320 |
Total Liabilities | 11,651 |
Net Assets | 8,682,898 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 4,924,788 |
Total Distributable Earnings (Loss) | 3,758,110 |
Net Assets | 8,682,898 |
ETF Shares—Net Assets | |
Applicable to 22,101,711 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 5,438,315 |
Net Asset Value Per Share—ETF Shares | $246.06 |
Institutional Shares—Net Assets | |
Applicable to 6,857,417 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,244,583 |
Net Asset Value Per Share—Institutional Shares | $473.15 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends | 36,534 |
Interest1 | 3 |
Securities Lending—Net | 89 |
Total Income | 36,626 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 641 |
Management and Administrative—ETF Shares | 1,484 |
Management and Administrative—Institutional Shares | 839 |
Marketing and Distribution—ETF Shares | 124 |
Marketing and Distribution—Institutional Shares | 43 |
Custodian Fees | 84 |
Shareholders’ Reports—ETF Shares | 8 |
Shareholders’ Reports—Institutional Shares | 2 |
Trustees’ Fees and Expenses | 1 |
Total Expenses | 3,226 |
Net Investment Income | 33,400 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 365,319 |
Futures Contracts | 1,304 |
Realized Net Gain (Loss) | 366,623 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 58,399 |
Futures Contracts | (112) |
Change in Unrealized Appreciation (Depreciation) | 58,287 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 458,310 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $2,000, $0, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $359,247,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 33,400 | 70,091 | |
Realized Net Gain (Loss) | 366,623 | 565,821 | |
Change in Unrealized Appreciation (Depreciation) | 58,287 | 2,018,419 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 458,310 | 2,654,331 | |
Distributions | |||
ETF Shares | (20,803) | (38,092) | |
Institutional Shares | (13,882) | (34,009) | |
Total Distributions | (34,685) | (72,101) | |
Capital Share Transactions | |||
ETF Shares | 225,729 | 645,864 | |
Institutional Shares | (459,215) | (683,204) | |
Net Increase (Decrease) from Capital Share Transactions | (233,486) | (37,340) | |
Total Increase (Decrease) | 190,139 | 2,544,890 | |
Net Assets | |||
Beginning of Period | 8,492,759 | 5,947,869 | |
End of Period | 8,682,898 | 8,492,759 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $234.62 | $164.56 | $159.56 | $127.08 | $106.90 | $98.24 |
Investment Operations | ||||||
Net Investment Income | .9241 | 1.9001 | 1.9221 | 1.7621 | 1.6841 | 1.602 |
Net Realized and Unrealized Gain (Loss) on Investments | 11.474 | 70.098 | 4.711 | 32.386 | 20.177 | 8.556 |
Total from Investment Operations | 12.398 | 71.998 | 6.633 | 34.148 | 21.861 | 10.158 |
Distributions | ||||||
Dividends from Net Investment Income | (.958) | (1.938) | (1.633) | (1.668) | (1.681) | (1.498) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.958) | (1.938) | (1.633) | (1.668) | (1.681) | (1.498) |
Net Asset Value, End of Period | $246.06 | $234.62 | $164.56 | $159.56 | $127.08 | $106.90 |
Total Return | 5.30% | 44.18% | 4.20% | 27.09% | 20.66% | 10.44% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $5,438 | $4,951 | $2,872 | $2,083 | $1,319 | $738 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.12% | 0.12% | 0.12% |
Ratio of Net Investment Income to Average Net Assets | 0.75% | 1.04% | 1.25% | 1.24% | 1.45% | 1.60% |
Portfolio Turnover Rate2 | 1% | 14% | 17% | 15% | 21% | 15% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $451.15 | $316.39 | $306.82 | $244.34 | $205.53 | $188.88 |
Investment Operations | ||||||
Net Investment Income | 1.7931 | 3.6951 | 3.7111 | 3.4851 | 3.2911 | 3.147 |
Net Realized and Unrealized Gain (Loss) on Investments | 22.065 | 134.792 | 9.061 | 62.293 | 38.832 | 16.449 |
Total from Investment Operations | 23.858 | 138.487 | 12.772 | 65.778 | 42.123 | 19.596 |
Distributions | ||||||
Dividends from Net Investment Income | (1.858) | (3.727) | (3.202) | (3.298) | (3.313) | (2.946) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.858) | (3.727) | (3.202) | (3.298) | (3.313) | (2.946) |
Net Asset Value, End of Period | $473.15 | $451.15 | $316.39 | $306.82 | $244.34 | $205.53 |
Total Return | 5.31% | 44.24% | 4.21% | 27.14% | 20.72% | 10.48% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $3,245 | $3,542 | $3,076 | $3,182 | $2,476 | $1,989 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 0.76% | 1.06% | 1.26% | 1.28% | 1.49% | 1.64% |
Portfolio Turnover Rate2 | 1% | 14% | 17% | 15% | 21% | 15% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
D. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 5,019,122 |
Gross Unrealized Appreciation | 3,708,555 |
Gross Unrealized Depreciation | (41,627) |
Net Unrealized Appreciation (Depreciation) | 3,666,928 |
E. | During the six months ended February 28, 2021, the fund purchased $521,151,000 of investment securities and sold $746,957,000 of investment securities, other than temporary cash investments. Purchases and sales include $394,882,000 and $565,740,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 793,778 | 3,400 | 2,042,520 | 11,050 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (568,049) | (2,400) | (1,396,656) | (7,400) | |
Net Increase (Decrease)—ETF Shares | 225,729 | 1,000 | 645,864 | 3,650 |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Institutional Shares | |||||
Issued | 230,745 | 508 | 490,711 | 1,343 | |
Issued in Lieu of Cash Distributions | 12,234 | 27 | 30,560 | 94 | |
Redeemed | (702,194) | (1,529) | (1,204,475) | (3,309) | |
Net Increase (Decrease)—Institutional Shares | (459,215) | (994) | (683,204) | (1,872) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
All rights reserved.
U.S. Patent Nos. 6,879,964; 7,337,138; 7,720,749; 7,925,573; 8,090,646; 8,417,623; and 8,626,636.
Vanguard Marketing Corporation, Distributor.
Vanguard Russell 2000 Index Fund |
Vanguard Russell 2000 Value Index Fund |
Vanguard Russell 2000 Growth Index Fund |
About Your Fund’s Expenses | 1 |
Russell 2000 Index Fund | 3 |
Russell 2000 Value Index Fund | 17 |
Russell 2000 Growth Index Fund | 31 |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2021 | |||
Beginning Account Value 8/31/2020 | Ending Account Value 2/28/2021 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Russell 2000 Index Fund | |||
ETF Shares | $1,000.00 | $1,417.70 | $0.60 |
Institutional Shares | 1,000.00 | 1,417.90 | 0.48 |
Russell 2000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,463.80 | $0.92 |
Institutional Shares | 1,000.00 | 1,464.30 | 0.49 |
Russell 2000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,373.90 | $0.88 |
Institutional Shares | 1,000.00 | 1,374.40 | 0.47 |
Based on Hypothetical 5% Yearly Return | |||
Russell 2000 Index Fund | |||
ETF Shares | $1,000.00 | $1,024.30 | $0.50 |
Institutional Shares | 1,000.00 | 1,024.40 | 0.40 |
Russell 2000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,024.05 | $0.75 |
Institutional Shares | 1,000.00 | 1,024.40 | 0.40 |
Russell 2000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,024.05 | $0.75 |
Institutional Shares | 1,000.00 | 1,024.40 | 0.40 |
Basic Materials | 3.9% |
Consumer Discretionary | 16.4 |
Consumer Staples | 3.1 |
Energy | 3.7 |
Financials | 14.8 |
Health Care | 19.7 |
Industrials | 15.2 |
Real Estate | 6.0 |
Technology | 12.1 |
Telecommunications | 1.8 |
Utilities | 3.3 |
Other | 0.0 |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Common Stocks | ||||
Basic Materials | ||||
Cleveland-Cliffs Inc. | 821,249 | 10,956 | 0.2% | |
† | Basic Materials—Other *,1 | 183,594 | 3.7% | |
194,550 | 3.9% | |||
Consumer Discretionary | ||||
Penn National Gaming Inc. * | 281,041 | 32,539 | 0.7% | |
Caesars Entertainment Inc. * | 324,807 | 30,350 | 0.6% | |
Lithia Motors Inc. Class A | 46,877 | 17,530 | 0.4% | |
Deckers Outdoor Corp. * | 50,467 | 16,458 | 0.3% | |
Churchill Downs Inc. | 68,547 | 15,809 | 0.3% | |
RH * | 28,462 | 13,957 | 0.3% | |
SiteOne Landscape Supply Inc. * | 79,229 | 12,559 | 0.3% | |
Digital Turbine Inc. * | 151,897 | 12,542 | 0.3% | |
Marriott Vacations Worldwide Corp. | 73,026 | 12,393 | 0.3% | |
Texas Roadhouse Inc. Class A | 118,459 | 10,766 | 0.2% | |
GameStop Corp. Class A *,1 | 103,191 | 10,499 | 0.2% | |
BJ's Wholesale Club Holdings Inc. * | 247,008 | 9,925 | 0.2% | |
YETI Holdings Inc. * | 144,263 | 9,921 | 0.2% | |
† | Consumer Discretionary—Other *,1 | 612,109 | 12.1% | |
817,357 | 16.4% | |||
Consumer Staples | ||||
Darling Ingredients Inc. * | 290,193 | 18,294 | 0.4% | |
Performance Food Group Co. * | 236,305 | 12,817 | 0.3% | |
Freshpet Inc. * | 73,678 | 11,485 | 0.2% | |
Helen of Troy Ltd. * | 45,634 | 9,893 | 0.2% | |
† | Consumer Staples—Other *,1 | 101,685 | 2.0% | |
154,174 | 3.1% |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Energy | ||||
Plug Power Inc. * | 717,565 | 34,716 | 0.7% | |
Ovintiv Inc. (XNYS) | 472,379 | 10,898 | 0.2% | |
† | Energy—Other *,1 | 137,684 | 2.8% | |
183,298 | 3.7% | |||
Financials | ||||
Stifel Financial Corp. | 180,294 | 11,012 | 0.2% | |
First Financial Bankshares Inc. | 232,485 | 10,383 | 0.2% | |
South State Corp. | 126,225 | 9,954 | 0.2% | |
† | Financials—Other *,1 | 707,442 | 14.3% | |
738,791 | 14.9% | |||
Health Care | ||||
Novavax Inc. * | 111,147 | 25,701 | 0.5% | |
Ultragenyx Pharmaceutical Inc. * | 112,915 | 15,982 | 0.3% | |
Natera Inc. * | 136,441 | 15,839 | 0.3% | |
Mirati Therapeutics Inc. * | 77,222 | 15,515 | 0.3% | |
Arrowhead Pharmaceuticals Inc. * | 181,052 | 14,423 | 0.3% | |
Fate Therapeutics Inc. * | 135,836 | 12,187 | 0.3% | |
HealthEquity Inc. * | 144,814 | 11,925 | 0.3% | |
Bridgebio Pharma Inc. * | 167,882 | 11,866 | 0.3% | |
Inspire Medical Systems Inc. * | 47,209 | 10,990 | 0.2% | |
Halozyme Therapeutics Inc. * | 239,865 | 10,854 | 0.2% | |
Nevro Corp. * | 61,331 | 10,131 | 0.2% | |
LHC Group Inc. * | 54,694 | 9,938 | 0.2% | |
† | Health Care—Other *,1,2 | 814,741 | 16.3% | |
980,092 | 19.7% | |||
Industrials | ||||
Builders FirstSource Inc. * | 367,708 | 15,909 | 0.3% | |
Tetra Tech Inc. | 97,176 | 13,446 | 0.3% | |
TopBuild Corp. * | 59,666 | 11,361 | 0.2% | |
Advanced Drainage Systems Inc. | 101,570 | 11,175 | 0.2% | |
† | Industrials—Other *,1,3 | 705,825 | 14.2% | |
757,716 | 15.2% | |||
†Other*,2,4 | 95 | 0.0% | ||
Real Estate | ||||
Redfin Corp. * | 179,838 | 13,621 | 0.3% | |
† | Real Estate—Other *,1 | 286,894 | 5.7% | |
300,515 | 6.0% | |||
Technology | ||||
II-VI Inc. * | 185,093 | 15,603 | 0.3% | |
Silicon Laboratories Inc. * | 78,160 | 12,173 | 0.3% | |
Lattice Semiconductor Corp. * | 245,262 | 11,802 | 0.2% | |
Blackline Inc. * | 91,912 | 11,399 | 0.2% | |
Varonis Systems Inc. Class B * | 60,402 | 11,086 | 0.2% | |
Q2 Holdings Inc. * | 90,802 | 11,067 | 0.2% | |
Appian Corp. Class A * | 64,176 | 11,032 | 0.2% | |
Brooks Automation Inc. | 131,039 | 10,897 | 0.2% | |
MicroStrategy Inc. Class A * | 13,185 | 9,894 | 0.2% | |
† | Technology—Other *,1 | 498,194 | 10.1% | |
603,147 | 12.1% |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
†Telecommunications*,1 | 87,614 | 1.8% | ||
Utilities | ||||
Sunrun Inc. * | 271,251 | 16,975 | 0.4% | |
† | Utilities—Other *,1 | 145,003 | 2.9% | |
161,978 | 3.3% | |||
Total Common Stocks (Cost $4,196,628) | 4,979,327 | 100.1% | ||
Temporary Cash Investments | ||||
Money Market Fund | ||||
Vanguard Market Liquidity Fund, 0.099% (Cost $89,508)5,6 | 895,200 | 89,520 | 1.8% | |
Total Investments (Cost $4,286,136) | 5,068,847 | 101.9% | ||
Other Assets and Liabilities—Net | (93,045) | (1.9)% | ||
Net Assets | 4,975,802 | 100.0% | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $81,899,000. |
2 | Certain of the fund’s securities are valued using significant unobservable inputs. |
3 | Certain of the fund’s securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2021, the aggregate value was $4,672,000, representing 0.1% of net assets. |
4 | “Other” represents securities that are not classified by the fund’s benchmark index. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
6 | Collateral of $87,140,000 was received for securities on loan, of which $86,935,000 is held in Vanguard Market Liquidity Fund and $205,000 is held in cash. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini Russell 2000 Index | March 2021 | 35 | 3,849 | (164) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $4,196,628) | 4,979,327 |
Affiliated Issuers (Cost $89,508) | 89,520 |
Total Investments in Securities | 5,068,847 |
Investment in Vanguard | 164 |
Cash | 4,065 |
Cash Collateral Pledged—Futures Contracts | 233 |
Receivables for Investment Securities Sold | 92 |
Receivables for Accrued Income | 3,648 |
Receivables for Capital Shares Issued | 1,798 |
Total Assets | 5,078,847 |
Liabilities | |
Payables for Investment Securities Purchased | 15,370 |
Collateral for Securities on Loan | 87,140 |
Payables for Capital Shares Redeemed | 311 |
Payables to Vanguard | 223 |
Variation Margin Payable—Futures Contracts | 1 |
Total Liabilities | 103,045 |
Net Assets | 4,975,802 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 4,121,560 |
Total Distributable Earnings (Loss) | 854,242 |
Net Assets | 4,975,802 |
ETF Shares—Net Assets | |
Applicable to 24,250,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 4,280,384 |
Net Asset Value Per Share—ETF Shares | $176.51 |
Institutional Shares—Net Assets | |
Applicable to 2,059,483 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 695,418 |
Net Asset Value Per Share—Institutional Shares | $337.67 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends | 16,364 |
Interest1 | 2 |
Securities Lending—Net | 1,876 |
Total Income | 18,242 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 256 |
Management and Administrative—ETF Shares | 815 |
Management and Administrative—Institutional Shares | 143 |
Marketing and Distribution—ETF Shares | 59 |
Marketing and Distribution—Institutional Shares | 10 |
Custodian Fees | 333 |
Shareholders’ Reports—ETF Shares | 10 |
Shareholders’ Reports—Institutional Shares | 2 |
Trustees’ Fees and Expenses | — |
Total Expenses | 1,628 |
Net Investment Income | 16,614 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 384,677 |
Futures Contracts | 2,548 |
Realized Net Gain (Loss) | 387,225 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 777,421 |
Futures Contracts | (359) |
Change in Unrealized Appreciation (Depreciation) | 777,062 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,180,901 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $2,000, $0, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $399,667,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 16,614 | 30,392 | |
Realized Net Gain (Loss) | 387,225 | 114,633 | |
Change in Unrealized Appreciation (Depreciation) | 777,062 | 41,369 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,180,901 | 186,394 | |
Distributions | |||
ETF Shares | (18,259) | (21,019) | |
Institutional Shares | (4,621) | (9,718) | |
Total Distributions | (22,880) | (30,737) | |
Capital Share Transactions | |||
ETF Shares | 1,550,250 | 232,606 | |
Institutional Shares | (165,068) | (278,614) | |
Net Increase (Decrease) from Capital Share Transactions | 1,385,182 | (46,008) | |
Total Increase (Decrease) | 2,543,203 | 109,649 | |
Net Assets | |||
Beginning of Period | 2,432,599 | 2,322,950 | |
End of Period | 4,975,802 | 2,432,599 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $125.38 | $119.75 | $139.11 | $112.21 | $98.98 | $92.71 |
Investment Operations | ||||||
Net Investment Income | .7221 | 1.6191 | 1.5931 | 1.5541 | 1.4431 | 1.302 |
Net Realized and Unrealized Gain (Loss) on Investments | 51.415 | 5.640 | (19.408) | 26.846 | 13.255 | 6.537 |
Total from Investment Operations | 52.137 | 7.259 | (17.815) | 28.400 | 14.698 | 7.839 |
Distributions | ||||||
Dividends from Net Investment Income | (1.007) | (1.629) | (1.545) | (1.500) | (1.468) | (1.569) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.007) | (1.629) | (1.545) | (1.500) | (1.468) | (1.569) |
Net Asset Value, End of Period | $176.51 | $125.38 | $119.75 | $139.11 | $112.21 | $98.98 |
Total Return | 41.77% | 6.12% | -12.83% | 25.49% | 14.94% | 8.62% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $4,280 | $1,802 | $1,464 | $1,715 | $1,083 | $698 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.15% | 0.15% | 0.15% |
Ratio of Net Investment Income to Average Net Assets | 1.02% | 1.37% | 1.30% | 1.23% | 1.34% | 1.52% |
Portfolio Turnover Rate2 | 5% | 19% | 16% | 19% | 23% | 19% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $239.84 | $229.03 | $266.12 | $214.65 | $189.31 | $177.40 |
Investment Operations | ||||||
Net Investment Income | 1.4941 | 3.2081 | 3.0781 | 3.1291 | 2.9561 | 2.606 |
Net Realized and Unrealized Gain (Loss) on Investments | 98.271 | 10.710 | (37.106) | 51.369 | 25.315 | 12.503 |
Total from Investment Operations | 99.765 | 13.918 | (34.028) | 54.498 | 28.271 | 15.109 |
Distributions | ||||||
Dividends from Net Investment Income | (1.935) | (3.108) | (3.062) | (3.028) | (2.931) | (3.199) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.935) | (3.108) | (3.062) | (3.028) | (2.931) | (3.199) |
Net Asset Value, End of Period | $337.67 | $239.84 | $229.03 | $266.12 | $214.65 | $189.31 |
Total Return | 41.79% | 6.15% | -12.83% | 25.58% | 15.03% | 8.69% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $695 | $630 | $859 | $982 | $576 | $479 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.13% | 1.41% | 1.32% | 1.30% | 1.41% | 1.59% |
Portfolio Turnover Rate2 | 5% | 19% | 16% | 19% | 23% | 19% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 4,979,173 | 78 | 76 | 4,979,327 |
Temporary Cash Investments | 89,520 | — | — | 89,520 |
Total | 5,068,693 | 78 | 76 | 5,068,847 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 164 | — | — | 164 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 4,291,665 |
Gross Unrealized Appreciation | 942,783 |
Gross Unrealized Depreciation | (165,765) |
Net Unrealized Appreciation (Depreciation) | 777,018 |
E. | During the six months ended February 28, 2021, the fund purchased $2,492,240,000 of investment securities and sold $1,082,447,000 of investment securities, other than temporary cash investments. Purchases and sales include $2,322,294,000 and $875,341,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 2,427,494 | 15,125 | 1,228,574 | 11,050 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (877,244) | (5,250) | (995,968) | (8,900) | |
Net Increase (Decrease)—ETF Shares | 1,550,250 | 9,875 | 232,606 | 2,150 | |
Institutional Shares | |||||
Issued | 36,376 | 120 | 133,855 | 621 | |
Issued in Lieu of Cash Distributions | 4,442 | 16 | 9,407 | 41 | |
Redeemed | (205,886) | (705) | (421,876) | (1,785) | |
Net Increase (Decrease)—Institutional Shares | (165,068) | (569) | (278,614) | (1,123) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
Basic Materials | 5.6% |
Consumer Discretionary | 17.7 |
Consumer Staples | 3.1 |
Energy | 5.2 |
Financials | 26.0 |
Health Care | 6.3 |
Industrials | 16.2 |
Real Estate | 8.8 |
Technology | 5.8 |
Telecommunications | 1.3 |
Utilities | 4.0 |
Other | 0.0 |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Common Stocks | ||||
Basic Materials | ||||
Cleveland-Cliffs Inc. | 248,927 | 3,321 | 0.5% | |
Rexnord Corp. | 60,827 | 2,734 | 0.4% | |
Alcoa Corp. * | 102,365 | 2,513 | 0.3% | |
U.S. Steel Corp. | 142,805 | 2,372 | 0.3% | |
Avient Corp. | 50,098 | 2,165 | 0.3% | |
† | Basic Materials—Other *,1 | 28,465 | 3.8% | |
41,570 | 5.6% | |||
Consumer Discretionary | ||||
Penn National Gaming Inc. * | 42,460 | 4,916 | 0.7% | |
Caesars Entertainment Inc. * | 40,697 | 3,803 | 0.5% | |
Marriott Vacations Worldwide Corp. | 19,275 | 3,271 | 0.4% | |
GameStop Corp. Class A *,1 | 31,281 | 3,183 | 0.4% | |
Lithia Motors Inc. Class A | 7,265 | 2,717 | 0.4% | |
Boyd Gaming Corp. | 44,464 | 2,610 | 0.4% | |
Macy's Inc. | 170,684 | 2,596 | 0.4% | |
TEGNA Inc. | 120,161 | 2,191 | 0.3% | |
Goodyear Tire & Rubber Co. | 126,653 | 2,129 | 0.3% | |
American Eagle Outfitters Inc. | 82,426 | 2,118 | 0.3% | |
† | Consumer Discretionary—Other *,1 | 102,561 | 13.6% | |
132,095 | 17.7% | |||
Consumer Staples | ||||
Darling Ingredients Inc. * | 88,015 | 5,548 | 0.7% | |
Performance Food Group Co. * | 71,683 | 3,888 | 0.5% | |
† | Consumer Staples—Other *,1 | 14,003 | 1.9% | |
23,439 | 3.1% | |||
Energy | ||||
Ovintiv Inc. (XNYS) | 143,394 | 3,308 | 0.4% |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
ChampionX Corp. * | 101,828 | 2,166 | 0.3% | |
† | Energy—Other *,1 | 33,554 | 4.5% | |
39,028 | 5.2% | |||
Financials | ||||
Stifel Financial Corp. | 54,688 | 3,340 | 0.5% | |
South State Corp. | 38,282 | 3,019 | 0.4% | |
Valley National Bancorp | 217,744 | 2,667 | 0.4% | |
Glacier Bancorp Inc. | 46,906 | 2,542 | 0.4% | |
United Bankshares Inc. | 67,685 | 2,501 | 0.3% | |
Essent Group Ltd. | 60,357 | 2,488 | 0.3% | |
CIT Group Inc. | 53,909 | 2,445 | 0.3% | |
Blackstone Mortgage Trust Inc. Class A | 75,175 | 2,195 | 0.3% | |
Selective Insurance Group Inc. | 32,308 | 2,191 | 0.3% | |
Radian Group Inc. | 104,716 | 2,136 | 0.3% | |
Texas Capital Bancshares Inc. * | 27,640 | 2,106 | 0.3% | |
Community Bank System Inc. | 28,929 | 2,059 | 0.3% | |
† | Financials—Other *,1 | 164,846 | 21.9% | |
194,535 | 26.0% | |||
Health Care | ||||
Novavax Inc. * | 24,612 | 5,691 | 0.8% | |
Tenet Healthcare Corp. * | 51,427 | 2,624 | 0.4% | |
Arena Pharmaceuticals Inc. * | 29,148 | 2,342 | 0.3% | |
† | Health Care—Other *,1,2 | 36,142 | 4.8% | |
46,799 | 6.3% | |||
Industrials | ||||
Chart Industries Inc. * | 19,756 | 2,827 | 0.4% | |
EMCOR Group Inc. | 27,220 | 2,650 | 0.4% | |
MasTec Inc. * | 28,901 | 2,507 | 0.3% | |
Builders FirstSource Inc. * | 54,184 | 2,344 | 0.3% | |
WESCO International Inc. * | 26,847 | 2,155 | 0.3% | |
KBR Inc. | 68,229 | 2,115 | 0.3% | |
† | Industrials—Other *,1,3 | 106,162 | 14.1% | |
120,760 | 16.1% | |||
†Other*,2,4 | 27 | 0.0% | ||
Real Estate | ||||
STAG Industrial Inc. | 75,390 | 2,379 | 0.3% | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 38,039 | 2,139 | 0.3% | |
Healthcare Realty Trust Inc. | 73,941 | 2,134 | 0.3% | |
† | Real Estate—Other *,1 | 59,465 | 7.9% | |
66,117 | 8.8% | |||
Technology | ||||
3D Systems Corp. * | 66,209 | 2,373 | 0.3% | |
Covetrus Inc. * | 63,541 | 2,361 | 0.3% | |
Cerence Inc. * | 20,099 | 2,235 | 0.3% | |
† | Technology—Other * | 36,199 | 4.9% | |
43,168 | 5.8% | |||
†Telecommunications* | 9,569 | 1.3% | ||
Utilities | ||||
Brookfield Renewable Corp. Class A 1 | 58,958 | 2,723 | 0.4% | |
PNM Resources Inc. | 43,535 | 2,090 | 0.3% |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Portland General Electric Co. | 49,217 | 2,075 | 0.3% | |
New Jersey Resources Corp. | 52,244 | 2,053 | 0.3% | |
† | Utilities—Other *,1 | 21,379 | 2.7% | |
30,320 | 4.0% | |||
Total Common Stocks (Cost $542,967) | 747,427 | 99.9% | ||
Temporary Cash Investments | ||||
Money Market Fund | ||||
Vanguard Market Liquidity Fund, 0.099% (Cost $11,225)5,6 | 112,264 | 11,227 | 1.5% | |
Total Investments (Cost $554,192) | 758,654 | 101.4% | ||
Other Assets and Liabilities—Net | (10,706) | (1.4)% | ||
Net Assets | 747,948 | 100.0% | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $10,338,000. |
2 | Certain of the fund’s securities are valued using significant unobservable inputs. |
3 | Certain of the fund’s securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2021, the aggregate value was $1,419,000, representing 0.2% of net assets. |
4 | “Other” represents securities that are not classified by the fund’s benchmark index. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
6 | Collateral of $11,087,000 was received for securities on loan. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini Russell 2000 Index | March 2021 | 5 | 550 | (11) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $542,967) | 747,427 |
Affiliated Issuers (Cost $11,225) | 11,227 |
Total Investments in Securities | 758,654 |
Investment in Vanguard | 25 |
Cash | 3,317 |
Cash Collateral Pledged—Futures Contracts | 36 |
Receivables for Investment Securities Sold | 47 |
Receivables for Accrued Income | 830 |
Receivables for Capital Shares Issued | 6 |
Total Assets | 762,915 |
Liabilities | |
Payables for Investment Securities Purchased | 3,728 |
Collateral for Securities on Loan | 11,087 |
Payables for Capital Shares Redeemed | 104 |
Payables to Vanguard | 48 |
Variation Margin Payable—Futures Contracts | — |
Total Liabilities | 14,967 |
Net Assets | 747,948 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 616,080 |
Total Distributable Earnings (Loss) | 131,868 |
Net Assets | 747,948 |
ETF Shares—Net Assets | |
Applicable to 4,875,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 647,308 |
Net Asset Value Per Share—ETF Shares | $132.78 |
Institutional Shares—Net Assets | |
Applicable to 384,260 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 100,640 |
Net Asset Value Per Share—Institutional Shares | $261.91 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends | 4,089 |
Interest1 | — |
Securities Lending—Net | 197 |
Total Income | 4,286 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 41 |
Management and Administrative—ETF Shares | 242 |
Management and Administrative—Institutional Shares | 18 |
Marketing and Distribution—ETF Shares | 10 |
Marketing and Distribution—Institutional Shares | 1 |
Custodian Fees | 54 |
Shareholders’ Reports—ETF Shares | 6 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | — |
Total Expenses | 372 |
Net Investment Income | 3,914 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 17,595 |
Futures Contracts | 285 |
Realized Net Gain (Loss) | 17,880 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 190,954 |
Futures Contracts | (31) |
Change in Unrealized Appreciation (Depreciation) | 190,923 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 212,717 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $0, $0, and $0, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $20,211,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 3,914 | 8,106 | |
Realized Net Gain (Loss) | 17,880 | (52,681) | |
Change in Unrealized Appreciation (Depreciation) | 190,923 | 29,427 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 212,717 | (15,148) | |
Distributions | |||
ETF Shares | (5,020) | (5,262) | |
Institutional Shares | (1,029) | (2,732) | |
Total Distributions | (6,049) | (7,994) | |
Capital Share Transactions | |||
ETF Shares | 170,935 | 63,025 | |
Institutional Shares | (20,103) | (40,708) | |
Net Increase (Decrease) from Capital Share Transactions | 150,832 | 22,317 | |
Total Increase (Decrease) | 357,500 | (825) | |
Net Assets | |||
Beginning of Period | 390,448 | 391,273 | |
End of Period | 747,948 | 390,448 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $91.76 | $99.51 | $119.05 | $100.96 | $90.64 | $81.88 |
Investment Operations | ||||||
Net Investment Income | .7781 | 1.8681 | 1.9121 | 1.9051 | 1.7361 | 1.561 |
Net Realized and Unrealized Gain (Loss) on Investments | 41.452 | (7.771) | (19.589) | 18.070 | 10.358 | 9.305 |
Total from Investment Operations | 42.230 | (5.903) | (17.677) | 19.975 | 12.094 | 10.866 |
Distributions | ||||||
Dividends from Net Investment Income | (1.210) | (1.847) | (1.863) | (1.885) | (1.774) | (2.106) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.210) | (1.847) | (1.863) | (1.885) | (1.774) | (2.106) |
Net Asset Value, End of Period | $132.78 | $91.76 | $99.51 | $119.05 | $100.96 | $90.64 |
Total Return | 46.38% | -6.05% | -14.93% | 19.96% | 13.42% | 13.62% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $647 | $303 | $251 | $223 | $172 | $120 |
Ratio of Total Expenses to Average Net Assets | 0.15% | 0.15% | 0.15% | 0.20% | 0.20% | 0.20% |
Ratio of Net Investment Income to Average Net Assets | 1.59% | 1.99% | 1.83% | 1.73% | 1.76% | 2.02% |
Portfolio Turnover Rate2 | 5% | 38% | 27% | 30% | 36% | 31% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $180.98 | $196.24 | $234.81 | $199.13 | $178.76 | $161.59 |
Investment Operations | ||||||
Net Investment Income | 1.7061 | 3.7831 | 3.9661 | 4.0291 | 3.7371 | 3.265 |
Net Realized and Unrealized Gain (Loss) on Investments | 81.652 | (15.303) | (38.670) | 35.618 | 20.356 | 18.355 |
Total from Investment Operations | 83.358 | (11.520) | (34.704) | 39.647 | 24.093 | 21.620 |
Distributions | ||||||
Dividends from Net Investment Income | (2.428) | (3.740) | (3.866) | (3.967) | (3.723) | (4.450) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.428) | (3.740) | (3.866) | (3.967) | (3.723) | (4.450) |
Net Asset Value, End of Period | $261.91 | $180.98 | $196.24 | $234.81 | $199.13 | $178.76 |
Total Return | 46.43% | -5.97% | -14.88% | 20.10% | 13.55% | 13.76% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $101 | $88 | $140 | $151 | $146 | $129 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.79% | 2.04% | 1.90% | 1.85% | 1.88% | 2.14% |
Portfolio Turnover Rate2 | 5% | 38% | 27% | 30% | 36% | 31% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 747,399 | 25 | 3 | 747,427 |
Temporary Cash Investments | 11,227 | — | — | 11,227 |
Total | 758,626 | 25 | 3 | 758,654 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 11 | — | — | 11 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 555,822 |
Gross Unrealized Appreciation | 212,348 |
Gross Unrealized Depreciation | (9,527) |
Net Unrealized Appreciation (Depreciation) | 202,821 |
E. | During the six months ended February 28, 2021, the fund purchased $227,144,000 of investment securities and sold $75,688,000 of investment securities, other than temporary cash investments. Purchases and sales include $198,522,000 and $46,146,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 217,128 | 1,975 | 101,511 | 1,250 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (46,193) | (400) | (38,486) | (475) | |
Net Increase (Decrease)—ETF Shares | 170,935 | 1,575 | 63,025 | 775 | |
Institutional Shares | |||||
Issued | 8,640 | 39 | 41,919 | 240 | |
Issued in Lieu of Cash Distributions | 1,029 | 5 | 2,732 | 14 | |
Redeemed | (29,772) | (144) | (85,359) | (483) | |
Net Increase (Decrease)—Institutional Shares | (20,103) | (100) | (40,708) | (229) |
G. | Management has determined that no material events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
Basic Materials | 2.3% |
Consumer Discretionary | 15.2 |
Consumer Staples | 3.0 |
Energy | 2.2 |
Financials | 3.9 |
Health Care | 32.8 |
Industrials | 14.3 |
Real Estate | 3.3 |
Technology | 18.3 |
Telecommunications | 2.2 |
Utilities | 2.5 |
Other | 0.0 |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Common Stocks | ||||
†Basic Materials* | 35,582 | 2.3% | ||
Consumer Discretionary | ||||
Caesars Entertainment Inc. * | 117,933 | 11,020 | 0.7% | |
Deckers Outdoor Corp. * | 31,224 | 10,182 | 0.7% | |
Penn National Gaming Inc. * | 87,268 | 10,104 | 0.7% | |
Churchill Downs Inc. | 42,404 | 9,780 | 0.6% | |
RH * | 17,598 | 8,630 | 0.6% | |
SiteOne Landscape Supply Inc. * | 49,000 | 7,767 | 0.5% | |
Digital Turbine Inc. * | 93,966 | 7,759 | 0.5% | |
Texas Roadhouse Inc. Class A | 73,287 | 6,660 | 0.4% | |
BJ's Wholesale Club Holdings Inc. * | 152,799 | 6,139 | 0.4% | |
YETI Holdings Inc. * | 89,241 | 6,137 | 0.4% | |
Fox Factory Holding Corp. * | 46,152 | 5,868 | 0.4% | |
Crocs Inc. * | 74,485 | 5,715 | 0.4% | |
† | Consumer Discretionary—Other *,1 | 140,429 | 8.9% | |
236,190 | 15.2% | |||
Consumer Staples | ||||
Freshpet Inc. * | 45,465 | 7,087 | 0.5% | |
Helen of Troy Ltd. * | 28,223 | 6,119 | 0.4% | |
† | Consumer Staples—Other *,1 | 34,406 | 2.2% | |
47,612 | 3.1% | |||
Energy | ||||
Plug Power Inc. * | 443,850 | 21,474 | 1.4% | |
† | Energy—Other *,1 | 12,278 | 0.8% | |
33,752 | 2.2% |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Financials | ||||
First Financial Bankshares Inc. | 143,952 | 6,429 | 0.4% | |
† | Financials—Other * | 54,016 | 3.5% | |
60,445 | 3.9% | |||
Health Care | ||||
Ultragenyx Pharmaceutical Inc. * | 69,826 | 9,883 | 0.6% | |
Mirati Therapeutics Inc. * | 47,731 | 9,590 | 0.6% | |
Natera Inc. * | 79,248 | 9,200 | 0.6% | |
Arrowhead Pharmaceuticals Inc. * | 111,987 | 8,921 | 0.6% | |
Fate Therapeutics Inc. * | 83,987 | 7,535 | 0.5% | |
HealthEquity Inc. * | 89,547 | 7,374 | 0.5% | |
Bridgebio Pharma Inc. *,1 | 103,824 | 7,338 | 0.5% | |
Inspire Medical Systems Inc. * | 29,203 | 6,798 | 0.4% | |
Halozyme Therapeutics Inc. * | 148,355 | 6,713 | 0.4% | |
Nevro Corp. * | 37,931 | 6,265 | 0.4% | |
LHC Group Inc. * | 33,867 | 6,154 | 0.4% | |
Blueprint Medicines Corp. * | 61,742 | 6,064 | 0.4% | |
Omnicell Inc. * | 47,383 | 6,013 | 0.4% | |
NeoGenomics Inc. * | 116,948 | 5,961 | 0.4% | |
† | Health Care—Other *,1,2 | 407,005 | 26.2% | |
510,814 | 32.9% | |||
Industrials | ||||
Tetra Tech Inc. | 60,141 | 8,322 | 0.5% | |
TopBuild Corp. * | 36,917 | 7,029 | 0.5% | |
Advanced Drainage Systems Inc. | 62,842 | 6,914 | 0.5% | |
Saia Inc. * | 29,318 | 5,879 | 0.4% | |
Louisiana-Pacific Corp. | 122,623 | 5,838 | 0.4% | |
MAXIMUS Inc. | 68,211 | 5,544 | 0.4% | |
† | Industrials—Other *,1 | 183,020 | 11.6% | |
222,546 | 14.3% | |||
†Other*,1,2,3 | 10 | 0.0% | ||
Real Estate | ||||
Redfin Corp. * | 111,274 | 8,428 | 0.6% | |
EastGroup Properties Inc. | 41,452 | 5,642 | 0.4% | |
† | Real Estate—Other * | 37,027 | 2.3% | |
51,097 | 3.3% | |||
Technology | ||||
II-VI Inc. * | 100,894 | 8,505 | 0.6% | |
Silicon Laboratories Inc. * | 48,357 | 7,531 | 0.5% | |
Lattice Semiconductor Corp. * | 151,703 | 7,300 | 0.5% | |
Blackline Inc. * | 56,846 | 7,050 | 0.5% | |
Varonis Systems Inc. Class B * | 37,322 | 6,850 | 0.4% | |
Q2 Holdings Inc. * | 56,164 | 6,845 | 0.4% | |
Appian Corp. Class A * | 39,700 | 6,825 | 0.4% | |
Brooks Automation Inc. | 81,046 | 6,740 | 0.4% | |
Power Integrations Inc. | 65,769 | 5,812 | 0.4% | |
Upwork Inc. * | 103,501 | 5,577 | 0.4% | |
Sailpoint Technologies Holdings Inc. * | 98,231 | 5,538 | 0.4% | |
† | Technology—Other *,1 | 210,469 | 13.4% | |
285,042 | 18.3% |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
†Telecommunications*,1 | 34,755 | 2.2% | ||
Utilities | ||||
Sunrun Inc. * | 167,805 | 10,501 | 0.7% | |
† | Utilities—Other *,1 | 27,886 | 1.8% | |
38,387 | 2.5% | |||
Total Common Stocks (Cost $1,028,438) | 1,556,232 | 100.2% | ||
Temporary Cash Investments | ||||
Money Market Fund | ||||
Vanguard Market Liquidity Fund, 0.099% (Cost $40,521)4,5 | 405,243 | 40,524 | 2.6% | |
Total Investments (Cost $1,068,959) | 1,596,756 | 102.8% | ||
Other Assets and Liabilities—Net | (43,167) | (2.8)% | ||
Net Assets | 1,553,589 | 100.0% | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $36,109,000. |
2 | Certain of the fund’s securities are valued using significant unobservable inputs. |
3 | “Other” represents securities that are not classified by the fund’s benchmark index. |
4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
5 | Collateral of $37,819,000 was received for securities on loan, of which $37,665,000 is held in Vanguard Market Liquidity Fund and $154,000 is held in cash. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini Russell 2000 Index | March 2021 | 27 | 2,969 | (79) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $1,028,438) | 1,556,232 |
Affiliated Issuers (Cost $40,521) | 40,524 |
Total Investments in Securities | 1,596,756 |
Investment in Vanguard | 54 |
Cash | 154 |
Cash Collateral Pledged—Futures Contracts | 185 |
Receivables for Investment Securities Sold | 888 |
Receivables for Accrued Income | 395 |
Receivables for Capital Shares Issued | 17 |
Total Assets | 1,598,449 |
Liabilities | |
Due to Custodian | 973 |
Payables for Investment Securities Purchased | 5,713 |
Collateral for Securities on Loan | 37,819 |
Payables for Capital Shares Redeemed | 268 |
Payables to Vanguard | 86 |
Variation Margin Payable—Futures Contracts | 1 |
Total Liabilities | 44,860 |
Net Assets | 1,553,589 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 1,186,958 |
Total Distributable Earnings (Loss) | 366,631 |
Net Assets | 1,553,589 |
ETF Shares—Net Assets | |
Applicable to 3,375,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 761,976 |
Net Asset Value Per Share—ETF Shares | $225.77 |
Institutional Shares—Net Assets | |
Applicable to 1,840,489 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 791,613 |
Net Asset Value Per Share—Institutional Shares | $430.11 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends | 2,326 |
Interest1 | 3 |
Securities Lending—Net | 771 |
Total Income | 3,100 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 86 |
Management and Administrative—ETF Shares | 301 |
Management and Administrative—Institutional Shares | 166 |
Marketing and Distribution—ETF Shares | 7 |
Marketing and Distribution—Institutional Shares | 10 |
Custodian Fees | 51 |
Shareholders’ Reports—ETF Shares | 7 |
Shareholders’ Reports—Institutional Shares | 2 |
Trustees’ Fees and Expenses | — |
Total Expenses | 630 |
Net Investment Income | 2,470 |
Realized Net Gain (Loss) | |
Investment Securities Sold1 | 15,533 |
Futures Contracts | 516 |
Realized Net Gain (Loss) | 16,049 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 330,107 |
Futures Contracts | (77) |
Change in Unrealized Appreciation (Depreciation) | 330,030 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 348,549 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $2,000, $0, and $0, respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 2,470 | 6,415 | |
Realized Net Gain (Loss) | 16,049 | (588) | |
Change in Unrealized Appreciation (Depreciation) | 330,030 | 128,519 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 348,549 | 134,346 | |
Distributions | |||
ETF Shares | (1,373) | (2,623) | |
Institutional Shares | (2,113) | (4,011) | |
Total Distributions | (3,486) | (6,634) | |
Capital Share Transactions | |||
ETF Shares | 249,020 | 19,622 | |
Institutional Shares | 89,000 | (50,074) | |
Net Increase (Decrease) from Capital Share Transactions | 338,020 | (30,452) | |
Total Increase (Decrease) | 683,083 | 97,260 | |
Net Assets | |||
Beginning of Period | 870,506 | 773,246 | |
End of Period | 1,553,589 | 870,506 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $164.83 | $141.63 | $160.12 | $123.26 | $106.98 | $104.34 |
Investment Operations | ||||||
Net Investment Income | .3721 | 1.0971 | .9711 | .8951 | .9611 | .989 |
Net Realized and Unrealized Gain (Loss) on Investments | 61.148 | 23.237 | (18.527) | 36.791 | 16.455 | 2.721 |
Total from Investment Operations | 61.520 | 24.334 | (17.556) | 37.686 | 17.416 | 3.710 |
Distributions | ||||||
Dividends from Net Investment Income | (.580) | (1.134) | (.934) | (.826) | (1.136) | (1.070) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.580) | (1.134) | (.934) | (.826) | (1.136) | (1.070) |
Net Asset Value, End of Period | $225.77 | $164.83 | $141.63 | $160.12 | $123.26 | $106.98 |
Total Return | 37.39% | 17.32% | -10.97% | 30.69% | 16.39% | 3.62% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $762 | $371 | $301 | $328 | $194 | $144 |
Ratio of Total Expenses to Average Net Assets | 0.15% | 0.15% | 0.15% | 0.20% | 0.20% | 0.20% |
Ratio of Net Investment Income to Average Net Assets | 0.39% | 0.75% | 0.68% | 0.64% | 0.83% | 0.99% |
Portfolio Turnover Rate2 | 10% | 38% | 28% | 35% | 34% | 33% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $314.01 | $269.76 | $305.04 | $234.80 | $203.79 | $198.85 |
Investment Operations | ||||||
Net Investment Income | .8861 | 2.2751 | 2.0211 | 2.0261 | 2.1021 | 2.121 |
Net Realized and Unrealized Gain (Loss) on Investments | 116.422 | 44.269 | (35.267) | 70.080 | 31.338 | 5.185 |
Total from Investment Operations | 117.308 | 46.544 | (33.246) | 72.106 | 33.440 | 7.306 |
Distributions | ||||||
Dividends from Net Investment Income | (1.208) | (2.294) | (2.034) | (1.866) | (2.430) | (2.366) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.208) | (2.294) | (2.034) | (1.866) | (2.430) | (2.366) |
Net Asset Value, End of Period | $430.11 | $314.01 | $269.76 | $305.04 | $234.80 | $203.79 |
Total Return | 37.44% | 17.42% | -10.91% | 30.85% | 16.53% | 3.74% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $792 | $500 | $472 | $545 | $370 | $219 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 0.48% | 0.82% | 0.75% | 0.76% | 0.95% | 1.11% |
Portfolio Turnover Rate2 | 10% | 38% | 28% | 35% | 34% | 33% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 1,556,185 | 4 | 43 | 1,556,232 |
Temporary Cash Investments | 40,524 | — | — | 40,524 |
Total | 1,596,709 | 4 | 43 | 1,596,756 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 79 | — | — | 79 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 1,071,755 |
Gross Unrealized Appreciation | 557,301 |
Gross Unrealized Depreciation | (32,379) |
Net Unrealized Appreciation (Depreciation) | 524,922 |
E. | During the six months ended February 28, 2021, the fund purchased $463,869,000 of investment securities and sold $117,508,000 of investment securities, other than temporary cash investments. Purchases and sales include $248,862,000 and $0, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 249,020 | 1,125 | 172,356 | 1,175 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | — | — | (152,734) | (1,050) | |
Net Increase (Decrease)—ETF Shares | 249,020 | 1,125 | 19,622 | 125 | |
Institutional Shares | |||||
Issued | 155,032 | 438 | 152,291 | 545 | |
Issued in Lieu of Cash Distributions | 2,019 | 6 | 4,001 | 15 | |
Redeemed | (68,051) | (195) | (206,366) | (720) | |
Net Increase (Decrease)—Institutional Shares | 89,000 | 249 | (50,074) | (160) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
All rights reserved.
U.S. Patent Nos. 6,879,964; 7,337,138; 7,720,749; 7,925,573; 8,090,646; 8,417,623; and 8,626,636.
Vanguard Marketing Corporation, Distributor.
About Your Fund’s Expenses | 1 |
Financial Statements (unaudited) | 4 |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2021 | |||
Russell 3000 Index Fund | Beginning Account Value 8/31/2020 | Ending Account Value 2/28/2021 | Expenses Paid During Period |
Based on Actual Fund Return | |||
ETF Shares | $1,000.00 | $1,134.00 | $0.53 |
Institutional Shares | 1,000.00 | 1,134.10 | 0.42 |
Based on Hypothetical 5% Yearly Return | |||
ETF Shares | $1,000.00 | $1,024.30 | $0.50 |
Institutional Shares | 1,000.00 | 1,024.40 | 0.40 |
Basic Materials | 2.0% |
Consumer Discretionary | 16.5 |
Consumer Staples | 4.8 |
Energy | 2.8 |
Financials | 11.2 |
Health Care | 13.2 |
Industrials | 13.9 |
Oil & Gas | 0.0 |
Real Estate | 3.4 |
Technology | 26.2 |
Telecommunications | 3.3 |
Utilities | 2.7 |
Other | 0.0 |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Common Stocks | ||||
†Basic Materials* | 39,384 | 2.0% | ||
Consumer Discretionary | ||||
Amazon.com Inc. * | 21,149 | 65,412 | 3.4% | |
Tesla Inc. * | 37,729 | 25,486 | 1.3% | |
Walt Disney Co. | 90,186 | 17,049 | 0.9% | |
Home Depot Inc. | 53,575 | 13,841 | 0.7% | |
Netflix Inc. * | 21,221 | 11,435 | 0.6% | |
Walmart Inc. | 69,392 | 9,015 | 0.5% | |
NIKE Inc. Class B | 61,113 | 8,237 | 0.4% | |
McDonald's Corp. | 37,095 | 7,647 | 0.4% | |
Costco Wholesale Corp. | 21,997 | 7,281 | 0.4% | |
† | Consumer Discretionary—Other *,1 | 155,721 | 7.9% | |
321,124 | 16.5% | |||
Consumer Staples | ||||
Procter & Gamble Co. | 121,064 | 14,955 | 0.8% | |
Coca-Cola Co. | 192,649 | 9,438 | 0.5% | |
PepsiCo Inc. | 69,032 | 8,918 | 0.5% | |
† | Consumer Staples—Other * | 59,956 | 3.0% | |
93,267 | 4.8% | |||
Energy | ||||
Exxon Mobil Corp. | 211,331 | 11,490 | 0.6% | |
Chevron Corp. | 96,121 | 9,612 | 0.5% | |
† | Energy—Other * | 33,563 | 1.7% | |
54,665 | 2.8% | |||
Financials | ||||
Berkshire Hathaway Inc. Class B * | 93,627 | 22,518 | 1.2% | |
JPMorgan Chase & Co. | 150,921 | 22,211 | 1.2% |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Bank of America Corp. | 385,454 | 13,379 | 0.7% | |
† | Financials—Other *,1 | 158,627 | 8.0% | |
216,735 | 11.1% | |||
Health Care | ||||
Johnson & Johnson | 131,486 | 20,835 | 1.1% | |
UnitedHealth Group Inc. | 47,096 | 15,646 | 0.8% | |
Abbott Laboratories | 86,189 | 10,324 | 0.5% | |
AbbVie Inc. | 87,949 | 9,476 | 0.5% | |
Pfizer Inc. | 277,496 | 9,293 | 0.5% | |
Merck & Co. Inc. | 125,936 | 9,145 | 0.5% | |
Thermo Fisher Scientific Inc. | 19,696 | 8,865 | 0.5% | |
Eli Lilly and Co. | 42,043 | 8,614 | 0.5% | |
Medtronic plc | 66,934 | 7,829 | 0.4% | |
Bristol-Myers Squibb Co. | 113,135 | 6,939 | 0.4% | |
† | Health Care—Other *,1,2 | 149,403 | 7.4% | |
256,369 | 13.1% | |||
Industrials | ||||
Visa Inc. Class A | 84,103 | 17,863 | 0.9% | |
Mastercard Inc. Class A | 43,989 | 15,566 | 0.8% | |
PayPal Holdings Inc. * | 58,591 | 15,225 | 0.8% | |
Accenture plc Class A | 31,745 | 7,965 | 0.4% | |
Honeywell International Inc. | 35,098 | 7,102 | 0.4% | |
Union Pacific Corp. | 33,840 | 6,970 | 0.4% | |
† | Industrials—Other *,1,3 | 199,478 | 10.2% | |
270,169 | 13.9% | |||
†Oil & Gas* | 383 | 0.0% | ||
†Other*,2 | 3 | 0.0% | ||
†Real Estate* | 65,861 | 3.4% | ||
Technology | ||||
Apple Inc. | 805,073 | 97,623 | 5.0% | |
Microsoft Corp. | 373,453 | 86,783 | 4.5% | |
Facebook Inc. Class A * | 119,783 | 30,858 | 1.6% | |
Alphabet Inc. Class A * | 14,900 | 30,126 | 1.6% | |
Alphabet Inc. Class C * | 14,575 | 29,687 | 1.5% | |
NVIDIA Corp. | 29,443 | 16,152 | 0.8% | |
Intel Corp. | 204,650 | 12,439 | 0.6% | |
Adobe Inc. * | 23,973 | 11,020 | 0.6% | |
salesforce.com Inc. * | 43,730 | 9,468 | 0.5% | |
Broadcom Inc. | 19,673 | 9,244 | 0.5% | |
Texas Instruments Inc. | 45,656 | 7,865 | 0.4% | |
QUALCOMM Inc. | 56,107 | 7,641 | 0.4% | |
† | Technology—Other * | 160,058 | 8.1% | |
508,964 | 26.1% | |||
Telecommunications | ||||
Comcast Corp. Class A | 226,126 | 11,921 | 0.6% | |
Verizon Communications Inc. | 206,139 | 11,399 | 0.6% | |
AT&T Inc. | 355,694 | 9,920 | 0.5% | |
Cisco Systems Inc. | 211,661 | 9,497 | 0.5% | |
† | Telecommunications—Other * | 20,837 | 1.1% | |
63,574 | 3.3% |
Shares | Market Value• ($000) | Percentage of Net Assets | ||
Utilities | ||||
NextEra Energy Inc. | 97,390 | 7,156 | 0.4% | |
† | Utilities—Other * | 44,258 | 2.2% | |
51,414 | 2.6% | |||
Total Common Stocks (Cost $1,319,065) | 1,941,912 | 99.6% | ||
Temporary Cash Investments | ||||
Money Market Fund | ||||
Vanguard Market Liquidity Fund, 0.099% (Cost $699)4,5 | 6,990 | 699 | 0.0% | |
Total Investments (Cost $1,319,764) | 1,942,611 | 99.6% | ||
Other Assets and Liabilities—Net | 7,816 | 0.4% | ||
Net Assets | 1,950,427 | 100.0% | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $639,000. |
2 | Certain of the fund’s securities are valued using significant unobservable inputs. |
3 | Certain of the fund’s securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2021, the aggregate value was $119,000, representing 0.0% of net assets. |
4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
5 | Collateral of $689,000 was received for securities on loan. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini Russell 2000 Index | March 2021 | 8 | 880 | (39) |
E-mini S&P 500 Index | March 2021 | 41 | 7,809 | (200) |
(239) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $1,319,065) | 1,941,912 |
Affiliated Issuers (Cost $699) | 699 |
Total Investments in Securities | 1,942,611 |
Investment in Vanguard | 71 |
Cash Collateral Pledged—Futures Contracts | 503 |
Receivables for Accrued Income | 2,347 |
Receivables for Capital Shares Issued | 13,531 |
Total Assets | 1,959,063 |
Liabilities | |
Due to Custodian | 7,727 |
Payables for Investment Securities Purchased | 77 |
Collateral for Securities on Loan | 689 |
Payables for Capital Shares Redeemed | 20 |
Payables to Vanguard | 84 |
Variation Margin Payable—Futures Contracts | 39 |
Total Liabilities | 8,636 |
Net Assets | 1,950,427 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 1,264,530 |
Total Distributable Earnings (Loss) | 685,897 |
Net Assets | 1,950,427 |
ETF Shares—Net Assets | |
Applicable to 5,125,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 915,481 |
Net Asset Value Per Share—ETF Shares | $178.63 |
Institutional Shares—Net Assets | |
Applicable to 2,993,310 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,034,946 |
Net Asset Value Per Share—Institutional Shares | $345.75 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends | 13,509 |
Interest1 | 3 |
Securities Lending—Net | 53 |
Total Income | 13,565 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 136 |
Management and Administrative—ETF Shares | 299 |
Management and Administrative—Institutional Shares | 303 |
Marketing and Distribution—ETF Shares | 19 |
Marketing and Distribution—Institutional Shares | 15 |
Custodian Fees | 28 |
Shareholders’ Reports—ETF Shares | 3 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | — |
Total Expenses | 803 |
Net Investment Income | 12,762 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 96,214 |
Futures Contracts | 829 |
Realized Net Gain (Loss) | 97,043 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 124,517 |
Futures Contracts | (479) |
Change in Unrealized Appreciation (Depreciation) | 124,038 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 233,843 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $3,000, $0, and $0, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $99,940,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 12,762 | 25,428 | |
Realized Net Gain (Loss) | 97,043 | 64,214 | |
Change in Unrealized Appreciation (Depreciation) | 124,038 | 227,652 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 233,843 | 317,294 | |
Distributions | |||
ETF Shares | (5,816) | (9,023) | |
Institutional Shares | (7,852) | (16,339) | |
Total Distributions | (13,668) | (25,362) | |
Capital Share Transactions | |||
ETF Shares | 109,778 | 134,055 | |
Institutional Shares | (107,774) | (31,309) | |
Net Increase (Decrease) from Capital Share Transactions | 2,004 | 102,746 | |
Total Increase (Decrease) | 222,179 | 394,678 | |
Net Assets | |||
Beginning of Period | 1,728,248 | 1,333,570 | |
End of Period | 1,950,427 | 1,728,248 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $158.71 | $133.26 | $133.98 | $113.52 | $99.77 | $91.43 |
Investment Operations | ||||||
Net Investment Income | 1.1491 | 2.4161 | 2.3121 | 2.0991 | 1.9801 | 1.850 |
Net Realized and Unrealized Gain (Loss) on Investments | 20.005 | 25.494 | (.730) | 20.442 | 13.722 | 8.248 |
Total from Investment Operations | 21.154 | 27.910 | 1.582 | 22.541 | 15.702 | 10.098 |
Distributions | ||||||
Dividends from Net Investment Income | (1.234) | (2.460) | (2.302) | (2.081) | (1.952) | (1.758) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.234) | (2.460) | (2.302) | (2.081) | (1.952) | (1.758) |
Net Asset Value, End of Period | $178.63 | $158.71 | $133.26 | $133.98 | $113.52 | $99.77 |
Total Return | 13.40% | 21.31% | 1.25% | 20.07% | 15.92% | 11.20% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $915 | $710 | $463 | $412 | $343 | $282 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.15% | 0.15% | 0.15% |
Ratio of Net Investment Income to Average Net Assets | 1.39% | 1.74% | 1.79% | 1.70% | 1.85% | 1.98% |
Portfolio Turnover Rate2 | 4% | 8% | 10% | 14% | 16% | 8% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $307.19 | $257.87 | $259.33 | $219.72 | $193.10 | $176.98 |
Investment Operations | ||||||
Net Investment Income | 2.2731 | 4.7391 | 4.4991 | 4.2201 | 3.9521 | 3.689 |
Net Realized and Unrealized Gain (Loss) on Investments | 38.693 | 49.347 | (1.394) | 39.578 | 26.583 | 15.965 |
Total from Investment Operations | 40.966 | 54.086 | 3.105 | 43.798 | 30.535 | 19.654 |
Distributions | ||||||
Dividends from Net Investment Income | (2.406) | (4.766) | (4.565) | (4.188) | (3.915) | (3.534) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.406) | (4.766) | (4.565) | (4.188) | (3.915) | (3.534) |
Net Asset Value, End of Period | $345.75 | $307.19 | $257.87 | $259.33 | $219.72 | $193.10 |
Total Return | 13.41% | 21.38% | 1.27% | 20.15% | 16.00% | 11.28% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,035 | $1,018 | $871 | $879 | $755 | $847 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.42% | 1.76% | 1.81% | 1.77% | 1.92% | 2.05% |
Portfolio Turnover Rate2 | 4% | 8% | 10% | 14% | 16% | 8% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 1,941,904 | 2 | 6 | 1,941,912 |
Temporary Cash Investments | 699 | — | — | 699 |
Total | 1,942,603 | 2 | 6 | 1,942,611 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 239 | — | — | 239 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 1,324,468 |
Gross Unrealized Appreciation | 693,514 |
Gross Unrealized Depreciation | (75,610) |
Net Unrealized Appreciation (Depreciation) | 617,904 |
E. | During the six months ended February 28, 2021, the fund purchased $250,180,000 of investment securities and sold $251,330,000 of investment securities, other than temporary cash investments. Purchases and sales include $87,616,000 and $184,399,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 294,604 | 1,725 | 303,642 | 2,225 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (184,826) | (1,075) | (169,587) | (1,225) | |
Net Increase (Decrease)—ETF Shares | 109,778 | 650 | 134,055 | 1,000 | |
Institutional Shares | |||||
Issued | 148,027 | 447 | 166,350 | 666 | |
Issued in Lieu of Cash Distributions | 6,879 | 22 | 15,624 | 62 | |
Redeemed | (262,680) | (790) | (213,283) | (790) | |
Net Increase (Decrease)—Institutional Shares | (107,774) | (321) | (31,309) | (62) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
All rights reserved.
U.S. Patent Nos. 6,879,964; 7,337,138; 7,720,749; 7,925,573; 8,090,646; 8,417,623; and 8,626,636.
Vanguard Marketing Corporation, Distributor.
Vanguard Short-Term Treasury Index Fund |
Vanguard Intermediate-Term Treasury Index Fund |
Vanguard Long-Term Treasury Index Fund |
Vanguard Short-Term Corporate Bond Index Fund |
Vanguard Intermediate-Term Corporate Bond Index Fund |
Vanguard Long-Term Corporate Bond Index Fund |
Vanguard Mortgage-Backed Securities Index Fund |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2021 | |||
Beginning Account Value 8/31/2020 | Ending Account Value 2/28/2021 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Short-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,000.10 | $0.25 |
AdmiralTM Shares | 1,000.00 | 1,000.20 | 0.35 |
Institutional Shares | 1,000.00 | 1,000.20 | 0.25 |
Intermediate-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $978.90 | $0.25 |
Admiral Shares | 1,000.00 | 978.50 | 0.34 |
Institutional Shares | 1,000.00 | 978.80 | 0.25 |
Long-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $891.10 | $0.23 |
Admiral Shares | 1,000.00 | 890.90 | 0.33 |
Institutional Shares | 1,000.00 | 890.90 | 0.23 |
Short-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,007.10 | $0.25 |
Admiral Shares | 1,000.00 | 1,007.00 | 0.35 |
Institutional Shares | 1,000.00 | 1,007.20 | 0.25 |
Intermediate-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $999.30 | $0.25 |
Admiral Shares | 1,000.00 | 999.10 | 0.35 |
Institutional Shares | 1,000.00 | 999.40 | 0.25 |
Long-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $987.10 | $0.25 |
Admiral Shares | 1,000.00 | 986.90 | 0.34 |
Institutional Shares | 1,000.00 | 987.00 | 0.25 |
Mortgage-Backed Securities Index Fund | |||
ETF Shares | $1,000.00 | $996.20 | $0.25 |
Admiral Shares | 1,000.00 | 995.90 | 0.35 |
Institutional Shares | 1,000.00 | 996.10 | 0.25 |
Six Months Ended February 28, 2021 | |||
Beginning Account Value 8/31/2020 | Ending Account Value 2/28/2021 | Expenses Paid During Period | |
Based on Hypothetical 5% Yearly Return | |||
Short-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,024.55 | $0.25 |
Admiral Shares | 1,000.00 | 1,024.45 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.55 | 0.25 |
Intermediate-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,024.55 | $0.25 |
Admiral Shares | 1,000.00 | 1,024.45 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.55 | 0.25 |
Long-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,024.55 | $0.25 |
Admiral Shares | 1,000.00 | 1,024.45 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.55 | 0.25 |
Short-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,024.55 | $0.25 |
Admiral Shares | 1,000.00 | 1,024.45 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.55 | 0.25 |
Intermediate-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,024.55 | $0.25 |
Admiral Shares | 1,000.00 | 1,024.45 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.55 | 0.25 |
Long-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,024.55 | $0.25 |
Admiral Shares | 1,000.00 | 1,024.45 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.55 | 0.25 |
Mortgage-Backed Securities Index Fund | |||
ETF Shares | $1,000.00 | $1,024.55 | $0.25 |
Admiral Shares | 1,000.00 | 1,024.45 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.55 | 0.25 |
Under 1 Year | 1.7% |
1 - 2 Years | 52.7 |
2 - 3 Years | 42.7 |
3 - 4 Years | 2.9 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (99.8%) | ||||||
U.S. Government Securities (99.8%) | ||||||
United States Treasury Note/Bond | 8.000% | 11/15/21 | 21,340 | 22,500 | ||
United States Treasury Note/Bond | 1.125% | 2/28/22 | 211,460 | 213,608 | ||
United States Treasury Note/Bond | 0.375% | 3/31/22 | 63,125 | 63,303 | ||
United States Treasury Note/Bond | 1.750% | 3/31/22 | 32,327 | 32,898 | ||
United States Treasury Note/Bond | 2.250% | 4/15/22 | 1,190 | 1,219 | ||
United States Treasury Note/Bond | 0.125% | 4/30/22 | 939,335 | 939,482 | ||
United States Treasury Note/Bond | 1.750% | 4/30/22 | 2 | 2 | ||
United States Treasury Note/Bond | 1.875% | 4/30/22 | 603 | 615 | ||
United States Treasury Note/Bond | 1.750% | 5/15/22 | 15 | 15 | ||
United States Treasury Note/Bond | 0.125% | 5/31/22 | 175,090 | 175,145 | ||
United States Treasury Note/Bond | 1.750% | 5/31/22 | 272,166 | 277,737 | ||
United States Treasury Note/Bond | 1.875% | 5/31/22 | 41,315 | 42,225 | ||
United States Treasury Note/Bond | 1.750% | 6/15/22 | 229,500 | 234,377 | ||
United States Treasury Note/Bond | 0.125% | 6/30/22 | 172,125 | 172,152 | ||
United States Treasury Note/Bond | 1.750% | 6/30/22 | 131,619 | 134,478 | ||
United States Treasury Note/Bond | 2.125% | 6/30/22 | 38,359 | 39,378 | ||
United States Treasury Note/Bond | 1.750% | 7/15/22 | 154,570 | 158,024 | ||
United States Treasury Note/Bond | 0.125% | 7/31/22 | 197,775 | 197,806 | ||
United States Treasury Note/Bond | 1.875% | 7/31/22 | 190,280 | 194,978 | ||
United States Treasury Note/Bond | 2.000% | 7/31/22 | 159,880 | 164,127 | ||
United States Treasury Note/Bond | 1.500% | 8/15/22 | 206,795 | 210,963 | ||
United States Treasury Note/Bond | 1.625% | 8/15/22 | 124,107 | 126,822 | ||
United States Treasury Note/Bond | 7.250% | 8/15/22 | 2,525 | 2,777 | ||
United States Treasury Note/Bond | 0.125% | 8/31/22 | 176,495 | 176,495 | ||
United States Treasury Note/Bond | 1.625% | 8/31/22 | 207,235 | 211,865 | ||
United States Treasury Note/Bond | 1.875% | 8/31/22 | 54,582 | 56,006 | ||
United States Treasury Note/Bond | 1.500% | 9/15/22 | 120,354 | 122,893 | ||
United States Treasury Note/Bond | 0.125% | 9/30/22 | 170,585 | 170,585 | ||
United States Treasury Note/Bond | 1.750% | 9/30/22 | 61,750 | 63,323 | ||
United States Treasury Note/Bond | 1.875% | 9/30/22 | 98,732 | 101,447 | ||
United States Treasury Note/Bond | 1.375% | 10/15/22 | 216,823 | 221,193 | ||
United States Treasury Note/Bond | 0.125% | 10/31/22 | 176,240 | 176,240 | ||
United States Treasury Note/Bond | 1.875% | 10/31/22 | 116,669 | 120,060 | ||
United States Treasury Note/Bond | 2.000% | 10/31/22 | 57,966 | 59,768 | ||
United States Treasury Note/Bond | 1.625% | 11/15/22 | 293,485 | 300,960 | ||
United States Treasury Note/Bond | 0.125% | 11/30/22 | 208,960 | 208,960 | ||
United States Treasury Note/Bond | 2.000% | 11/30/22 | 257,875 | 266,256 | ||
United States Treasury Note/Bond | 1.625% | 12/15/22 | 259,115 | 266,038 | ||
United States Treasury Note/Bond | 0.125% | 12/31/22 | 230,910 | 230,910 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 2.125% | 12/31/22 | 75,640 | 78,394 | ||
United States Treasury Note/Bond | 1.500% | 1/15/23 | 146,770 | 150,485 | ||
United States Treasury Note/Bond | 0.125% | 1/31/23 | 169,185 | 169,159 | ||
United States Treasury Note/Bond | 1.750% | 1/31/23 | 90,910 | 93,708 | ||
United States Treasury Note/Bond | 2.375% | 1/31/23 | 34,680 | 36,165 | ||
United States Treasury Note/Bond | 1.375% | 2/15/23 | 268,835 | 275,304 | ||
United States Treasury Note/Bond | 2.000% | 2/15/23 | 233,370 | 241,830 | ||
1 | United States Treasury Note/Bond | 0.125% | 2/28/23 | 128,165 | 128,165 | |
United States Treasury Note/Bond | 1.500% | 2/28/23 | 130,902 | 134,440 | ||
United States Treasury Note/Bond | 2.625% | 2/28/23 | 148,900 | 156,252 | ||
United States Treasury Note/Bond | 0.500% | 3/15/23 | 198,895 | 200,325 | ||
United States Treasury Note/Bond | 1.500% | 3/31/23 | 143,760 | 147,781 | ||
United States Treasury Note/Bond | 2.500% | 3/31/23 | 131,300 | 137,742 | ||
United States Treasury Note/Bond | 0.250% | 4/15/23 | 344,820 | 345,466 | ||
United States Treasury Note/Bond | 1.625% | 4/30/23 | 45,230 | 46,650 | ||
United States Treasury Note/Bond | 2.750% | 4/30/23 | 25,400 | 26,817 | ||
United States Treasury Note/Bond | 0.125% | 5/15/23 | 400,250 | 399,875 | ||
United States Treasury Note/Bond | 1.750% | 5/15/23 | 110,030 | 113,847 | ||
United States Treasury Note/Bond | 1.625% | 5/31/23 | 55,495 | 57,290 | ||
United States Treasury Note/Bond | 2.750% | 5/31/23 | 79,015 | 83,583 | ||
United States Treasury Note/Bond | 0.250% | 6/15/23 | 228,300 | 228,657 | ||
United States Treasury Note/Bond | 1.375% | 6/30/23 | 189,340 | 194,547 | ||
United States Treasury Note/Bond | 2.625% | 6/30/23 | 56,910 | 60,165 | ||
United States Treasury Note/Bond | 0.125% | 7/15/23 | 288,455 | 288,004 | ||
United States Treasury Note/Bond | 1.250% | 7/31/23 | 44,747 | 45,880 | ||
United States Treasury Note/Bond | 2.750% | 7/31/23 | 66,037 | 70,102 | ||
United States Treasury Note/Bond | 0.125% | 8/15/23 | 325,835 | 325,224 | ||
United States Treasury Note/Bond | 2.500% | 8/15/23 | 109,850 | 116,029 | ||
United States Treasury Note/Bond | 6.250% | 8/15/23 | 10,525 | 12,046 | ||
United States Treasury Note/Bond | 1.375% | 8/31/23 | 61,390 | 63,184 | ||
United States Treasury Note/Bond | 2.750% | 8/31/23 | 66,499 | 70,717 | ||
United States Treasury Note/Bond | 0.125% | 9/15/23 | 312,445 | 311,761 | ||
United States Treasury Note/Bond | 1.375% | 9/30/23 | 108,600 | 111,858 | ||
United States Treasury Note/Bond | 2.875% | 9/30/23 | 72,400 | 77,355 | ||
United States Treasury Note/Bond | 0.125% | 10/15/23 | 247,255 | 246,637 | ||
United States Treasury Note/Bond | 1.625% | 10/31/23 | 59,095 | 61,293 | ||
United States Treasury Note/Bond | 2.875% | 10/31/23 | 148,270 | 158,695 | ||
United States Treasury Note/Bond | 0.250% | 11/15/23 | 349,585 | 349,694 | ||
United States Treasury Note/Bond | 2.750% | 11/15/23 | 108,400 | 115,751 | ||
United States Treasury Note/Bond | 2.125% | 11/30/23 | 69,995 | 73,615 | ||
United States Treasury Note/Bond | 2.875% | 11/30/23 | 75,665 | 81,127 | ||
United States Treasury Note/Bond | 0.125% | 12/15/23 | 269,630 | 268,703 | ||
United States Treasury Note/Bond | 2.250% | 12/31/23 | 46,434 | 49,046 | ||
United States Treasury Note/Bond | 2.625% | 12/31/23 | 78,245 | 83,478 | ||
United States Treasury Note/Bond | 0.125% | 1/15/24 | 265,925 | 264,886 | ||
United States Treasury Note/Bond | 2.250% | 1/31/24 | 88,788 | 93,893 | ||
United States Treasury Note/Bond | 2.500% | 1/31/24 | 91,190 | 97,089 | ||
United States Treasury Note/Bond | 0.125% | 2/15/24 | 352,530 | 350,988 | ||
United States Treasury Note/Bond | 2.750% | 2/15/24 | 138,280 | 148,348 | ||
United States Treasury Note/Bond | 2.125% | 2/29/24 | 50,494 | 53,255 | ||
United States Treasury Note/Bond | 2.375% | 2/29/24 | 74,195 | 78,809 | ||
United States Treasury Note/Bond | 2.125% | 3/31/24 | 100,000 | 105,562 | ||
United States Treasury Note/Bond | 2.000% | 4/30/24 | 55,170 | 58,084 | ||
United States Treasury Note/Bond | 2.250% | 4/30/24 | 98,636 | 104,600 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 2.500% | 5/15/24 | 9,085 | 9,719 | ||
Total U.S. Government and Agency Obligations (Cost $13,947,888) | 14,009,709 | |||||
Shares | ||||||
Temporary Cash Investments (0.3%) | ||||||
Money Market Fund (0.3%) | ||||||
2 | Vanguard Market Liquidity Fund (Cost $42,728) | 0.099% | 427,280 | 42,728 | ||
Total Investments (100.1%) (Cost $13,990,616) | 14,052,437 | |||||
Other Assets and Liabilities—Net (-0.1%) | (12,924) | |||||
Net Assets (100%) | 14,039,513 |
Cost is in $000. | |
• | See Note A in Notes to Financial Statements. |
1 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2021. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $13,947,888) | 14,009,709 |
Affiliated Issuers (Cost $42,728) | 42,728 |
Total Investments in Securities | 14,052,437 |
Investment in Vanguard | 537 |
Receivables for Investment Securities Sold | 730,571 |
Receivables for Accrued Income | 41,009 |
Receivables for Capital Shares Issued | 2,947 |
Total Assets | 14,827,501 |
Liabilities | |
Payables for Investment Securities Purchased | 780,705 |
Payables for Capital Shares Redeemed | 6,698 |
Payables for Distributions | 236 |
Payables to Vanguard | 349 |
Total Liabilities | 787,988 |
Net Assets | 14,039,513 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 13,936,637 |
Total Distributable Earnings (Loss) | 102,876 |
Net Assets | 14,039,513 |
ETF Shares—Net Assets | |
Applicable to 164,029,732 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 10,096,715 |
Net Asset Value Per Share—ETF Shares | $61.55 |
Admiral Shares—Net Assets | |
Applicable to 127,375,209 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,614,809 |
Net Asset Value Per Share—Admiral Shares | $20.53 |
Institutional Shares—Net Assets | |
Applicable to 51,492,882 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,327,989 |
Net Asset Value Per Share—Institutional Shares | $25.79 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 43,921 |
Total Income | 43,921 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 152 |
Management and Administrative—ETF Shares | 1,980 |
Management and Administrative—Admiral Shares | 817 |
Management and Administrative—Institutional Shares | 250 |
Marketing and Distribution—ETF Shares | 238 |
Marketing and Distribution—Admiral Shares | 74 |
Marketing and Distribution—Institutional Shares | 20 |
Custodian Fees | 11 |
Shareholders’ Reports—ETF Shares | 49 |
Shareholders’ Reports—Admiral Shares | 6 |
Shareholders’ Reports—Institutional Shares | 7 |
Trustees’ Fees and Expenses | 2 |
Total Expenses | 3,606 |
Net Investment Income | 40,315 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | 54,204 |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (92,455) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 2,064 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $13,000, $1,000, and ($2,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $8,456,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 40,315 | 157,906 | |
Realized Net Gain (Loss) | 54,204 | 116,819 | |
Change in Unrealized Appreciation (Depreciation) | (92,455) | 45,925 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 2,064 | 320,650 | |
Distributions | |||
ETF Shares | (89,231) | (112,729) | |
Admiral Shares | (23,816) | (31,855) | |
Institutional Shares | (10,278) | (16,661) | |
Total Distributions | (123,325) | (161,245) | |
Capital Share Transactions | |||
ETF Shares | 1,044,789 | 3,696,728 | |
Admiral Shares | (109,175) | 1,119,921 | |
Institutional Shares | 233,619 | 111,617 | |
Net Increase (Decrease) from Capital Share Transactions | 1,169,233 | 4,928,266 | |
Total Increase (Decrease) | 1,047,972 | 5,087,671 | |
Net Assets | |||
Beginning of Period | 12,991,541 | 7,903,870 | |
End of Period | 14,039,513 | 12,991,541 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $62.13 | $61.12 | $59.89 | $60.86 | $61.14 | $61.03 |
Investment Operations | ||||||
Net Investment Income | .1861 | .9561 | 1.4301 | .9651 | .6141 | .478 |
Net Realized and Unrealized Gain (Loss) on Investments | (.182) | 1.115 | 1.165 | (1.062) | (.311) | .118 |
Total from Investment Operations | .004 | 2.071 | 2.595 | (.097) | .303 | .596 |
Distributions | ||||||
Dividends from Net Investment Income | (.211) | (1.061) | (1.365) | (.873) | (.573) | (.462) |
Distributions from Realized Capital Gains | (.373) | — | — | — | (.010) | (.024) |
Total Distributions | (.584) | (1.061) | (1.365) | (.873) | (.583) | (.486) |
Net Asset Value, End of Period | $61.55 | $62.13 | $61.12 | $59.89 | $60.86 | $61.14 |
Total Return | 0.01% | 3.43% | 4.39% | -0.15% | 0.50% | 0.98% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $10,097 | $9,140 | $5,334 | $3,080 | $1,832 | $908 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 0.61% | 1.55% | 2.37% | 1.61% | 1.01% | 0.80% |
Portfolio Turnover Rate2 | 31% | 67% | 55% | 67% | 60% | 73% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $20.71 | $20.35 | $19.95 | $20.29 | $20.38 | $20.35 |
Investment Operations | ||||||
Net Investment Income | .0611 | .3121 | .4721 | .3241 | .2021 | .158 |
Net Realized and Unrealized Gain (Loss) on Investments | (.057) | .375 | .384 | (.358) | (.096) | .040 |
Total from Investment Operations | .004 | .687 | .856 | (.034) | .106 | .198 |
Distributions | ||||||
Dividends from Net Investment Income | (.060) | (.327) | (.456) | (.306) | (.193) | (.160) |
Distributions from Realized Capital Gains | (.124) | — | — | — | (.003) | (.008) |
Total Distributions | (.184) | (.327) | (.456) | (.306) | (.196) | (.168) |
Net Asset Value, End of Period | $20.53 | $20.71 | $20.35 | $19.95 | $20.29 | $20.38 |
Total Return2 | 0.02% | 3.41% | 4.34% | -0.16% | 0.53% | 0.98% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,615 | $2,748 | $1,596 | $929 | $507 | $364 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 0.59% | 1.52% | 2.35% | 1.61% | 1.01% | 0.80% |
Portfolio Turnover Rate3 | 31% | 67% | 55% | 67% | 60% | 73% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $26.02 | $25.57 | $25.06 | $25.49 | $25.60 | $25.57 |
Investment Operations | ||||||
Net Investment Income | .0771 | .4211 | .5981 | .4251 | .2601 | .207 |
Net Realized and Unrealized Gain (Loss) on Investments | (.073) | .445 | .490 | (.467) | (.117) | .042 |
Total from Investment Operations | .004 | .866 | 1.088 | (.042) | .143 | .249 |
Distributions | ||||||
Dividends from Net Investment Income | (.078) | (.416) | (.578) | (.388) | (.249) | (.209) |
Distributions from Realized Capital Gains | (.156) | — | — | — | (.004) | (.010) |
Total Distributions | (.234) | (.416) | (.578) | (.388) | (.253) | (.219) |
Net Asset Value, End of Period | $25.79 | $26.02 | $25.57 | $25.06 | $25.49 | $25.60 |
Total Return | 0.02% | 3.42% | 4.40% | -0.16% | 0.56% | 0.98% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,328 | $1,104 | $974 | $508 | $208 | $92 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 0.60% | 1.63% | 2.37% | 1.63% | 1.03% | 0.82% |
Portfolio Turnover Rate2 | 31% | 67% | 55% | 67% | 60% | 73% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 14,009,709 | — | 14,009,709 |
Temporary Cash Investments | 42,728 | — | — | 42,728 |
Total | 42,728 | 14,009,709 | — | 14,052,437 |
D. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 13,990,859 |
Gross Unrealized Appreciation | 68,565 |
Gross Unrealized Depreciation | (6,987) |
Net Unrealized Appreciation (Depreciation) | 61,578 |
E. | During the six months ended February 28, 2021, the fund purchased $6,077,864,000 of investment securities and sold $4,934,992,000 of investment securities, other than temporary cash investments. Purchases and sales include $1,837,266,000 and $805,805,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,861,016 | 30,117 | 4,979,354 | 80,688 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (816,227) | (13,200) | (1,282,626) | (20,850) | |
Net Increase (Decrease)—ETF Shares | 1,044,789 | 16,917 | 3,696,728 | 59,838 | |
Admiral Shares | |||||
Issued | 582,343 | 28,227 | 2,327,381 | 112,804 | |
Issued in Lieu of Cash Distributions | 19,418 | 944 | 24,666 | 1,202 | |
Redeemed | (710,936) | (34,459) | (1,232,126) | (59,776) | |
Net Increase (Decrease)—Admiral Shares | (109,175) | (5,288) | 1,119,921 | 54,230 | |
Institutional Shares | |||||
Issued | 410,315 | 15,851 | 587,617 | 22,789 | |
Issued in Lieu of Cash Distributions | 8,792 | 340 | 14,867 | 578 | |
Redeemed | (185,488) | (7,147) | (490,867) | (19,004) | |
Net Increase (Decrease)—Institutional Shares | 233,619 | 9,044 | 111,617 | 4,363 |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
0 - 2 Years | 0.0% |
2 - 4 Years | 21.0 |
4 - 6 Years | 40.4 |
6 - 8 Years | 25.2 |
8 - 10 Years | 13.4 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (99.6%) | ||||||
U.S. Government Securities (99.6%) | ||||||
United States Treasury Note/Bond | 2.125% | 3/31/24 | 105,453 | 111,319 | ||
United States Treasury Note/Bond | 2.500% | 5/15/24 | 185,437 | 198,389 | ||
United States Treasury Note/Bond | 2.000% | 5/31/24 | 169,285 | 178,331 | ||
United States Treasury Note/Bond | 1.750% | 6/30/24 | 98,185 | 102,695 | ||
United States Treasury Note/Bond | 2.000% | 6/30/24 | 47,347 | 49,921 | ||
United States Treasury Note/Bond | 1.750% | 7/31/24 | 123,335 | 129,078 | ||
United States Treasury Note/Bond | 2.125% | 7/31/24 | 63,748 | 67,533 | ||
United States Treasury Note/Bond | 2.375% | 8/15/24 | 145,672 | 155,641 | ||
United States Treasury Note/Bond | 1.250% | 8/31/24 | 105,340 | 108,434 | ||
United States Treasury Note/Bond | 1.875% | 8/31/24 | 82,905 | 87,154 | ||
United States Treasury Note/Bond | 1.500% | 9/30/24 | 108,144 | 112,301 | ||
United States Treasury Note/Bond | 2.125% | 9/30/24 | 49,501 | 52,517 | ||
United States Treasury Note/Bond | 1.500% | 10/31/24 | 137,041 | 142,308 | ||
United States Treasury Note/Bond | 2.250% | 10/31/24 | 54,050 | 57,648 | ||
United States Treasury Note/Bond | 2.250% | 11/15/24 | 169,221 | 180,458 | ||
United States Treasury Note/Bond | 7.500% | 11/15/24 | 6,573 | 8,267 | ||
United States Treasury Note/Bond | 1.500% | 11/30/24 | 92,760 | 96,340 | ||
United States Treasury Note/Bond | 2.125% | 11/30/24 | 76,230 | 80,971 | ||
United States Treasury Note/Bond | 1.750% | 12/31/24 | 80,580 | 84,470 | ||
United States Treasury Note/Bond | 2.250% | 12/31/24 | 76,990 | 82,211 | ||
United States Treasury Note/Bond | 1.375% | 1/31/25 | 106,985 | 110,629 | ||
United States Treasury Note/Bond | 2.500% | 1/31/25 | 37,185 | 40,090 | ||
United States Treasury Note/Bond | 2.000% | 2/15/25 | 136,463 | 144,502 | ||
United States Treasury Note/Bond | 7.625% | 2/15/25 | 3,300 | 4,207 | ||
United States Treasury Note/Bond | 1.125% | 2/28/25 | 112,685 | 115,414 | ||
United States Treasury Note/Bond | 2.750% | 2/28/25 | 76,658 | 83,485 | ||
United States Treasury Note/Bond | 0.500% | 3/31/25 | 96,300 | 96,180 | ||
United States Treasury Note/Bond | 2.625% | 3/31/25 | 60,157 | 65,252 | ||
United States Treasury Note/Bond | 0.375% | 4/30/25 | 178,080 | 176,772 | ||
United States Treasury Note/Bond | 2.875% | 4/30/25 | 24,274 | 26,610 | ||
United States Treasury Note/Bond | 2.125% | 5/15/25 | 156,255 | 166,534 | ||
United States Treasury Note/Bond | 0.250% | 5/31/25 | 159,845 | 157,672 | ||
United States Treasury Note/Bond | 2.875% | 5/31/25 | 56,680 | 62,189 | ||
United States Treasury Note/Bond | 0.250% | 6/30/25 | 146,125 | 144,002 | ||
United States Treasury Note/Bond | 2.750% | 6/30/25 | 54,225 | 59,258 | ||
United States Treasury Note/Bond | 0.250% | 7/31/25 | 83,100 | 81,815 | ||
United States Treasury Note/Bond | 2.875% | 7/31/25 | 153,355 | 168,595 | ||
United States Treasury Note/Bond | 2.000% | 8/15/25 | 91,425 | 97,053 | ||
United States Treasury Note/Bond | 6.875% | 8/15/25 | 23,898 | 30,343 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 0.250% | 8/31/25 | 156,575 | 153,957 | ||
United States Treasury Note/Bond | 2.750% | 8/31/25 | 69,445 | 76,010 | ||
United States Treasury Note/Bond | 0.250% | 9/30/25 | 82,910 | 81,446 | ||
United States Treasury Note/Bond | 3.000% | 9/30/25 | 59,245 | 65,577 | ||
United States Treasury Note/Bond | 0.250% | 10/31/25 | 59,340 | 58,237 | ||
United States Treasury Note/Bond | 3.000% | 10/31/25 | 72,700 | 80,561 | ||
United States Treasury Note/Bond | 2.250% | 11/15/25 | 171,380 | 184,019 | ||
United States Treasury Note/Bond | 0.375% | 11/30/25 | 150,255 | 148,142 | ||
United States Treasury Note/Bond | 2.875% | 11/30/25 | 72,145 | 79,596 | ||
United States Treasury Note/Bond | 0.375% | 12/31/25 | 44,535 | 43,860 | ||
United States Treasury Note/Bond | 2.625% | 12/31/25 | 59,920 | 65,453 | ||
United States Treasury Note/Bond | 0.375% | 1/31/26 | 40,205 | 39,558 | ||
United States Treasury Note/Bond | 2.625% | 1/31/26 | 77,330 | 84,531 | ||
United States Treasury Note/Bond | 1.625% | 2/15/26 | 199,055 | 207,950 | ||
1 | United States Treasury Note/Bond | 0.500% | 2/28/26 | 116,845 | 115,275 | |
United States Treasury Note/Bond | 2.500% | 2/28/26 | 425 | 462 | ||
United States Treasury Note/Bond | 2.250% | 3/31/26 | 89,195 | 95,940 | ||
United States Treasury Note/Bond | 2.375% | 4/30/26 | 76,425 | 82,706 | ||
United States Treasury Note/Bond | 1.625% | 5/15/26 | 169,430 | 176,843 | ||
United States Treasury Note/Bond | 2.125% | 5/31/26 | 54,973 | 58,804 | ||
United States Treasury Note/Bond | 1.875% | 6/30/26 | 66,300 | 70,060 | ||
United States Treasury Note/Bond | 1.875% | 7/31/26 | 105,570 | 111,541 | ||
United States Treasury Note/Bond | 1.500% | 8/15/26 | 196,842 | 203,947 | ||
United States Treasury Note/Bond | 6.750% | 8/15/26 | 5,954 | 7,813 | ||
United States Treasury Note/Bond | 1.375% | 8/31/26 | 21,910 | 22,550 | ||
United States Treasury Note/Bond | 1.625% | 9/30/26 | 62,249 | 64,895 | ||
United States Treasury Note/Bond | 1.625% | 10/31/26 | 120,530 | 125,577 | ||
United States Treasury Note/Bond | 2.000% | 11/15/26 | 155,280 | 165,034 | ||
United States Treasury Note/Bond | 6.500% | 11/15/26 | 8,000 | 10,460 | ||
United States Treasury Note/Bond | 1.625% | 11/30/26 | 69,290 | 72,170 | ||
United States Treasury Note/Bond | 1.750% | 12/31/26 | 45,660 | 47,879 | ||
United States Treasury Note/Bond | 1.500% | 1/31/27 | 74,515 | 77,030 | ||
United States Treasury Note/Bond | 2.250% | 2/15/27 | 172,679 | 186,035 | ||
United States Treasury Note/Bond | 6.625% | 2/15/27 | 3,015 | 4,010 | ||
United States Treasury Note/Bond | 1.125% | 2/28/27 | 69,329 | 70,120 | ||
United States Treasury Note/Bond | 0.625% | 3/31/27 | 86,900 | 85,216 | ||
United States Treasury Note/Bond | 0.500% | 4/30/27 | 100,935 | 98,096 | ||
United States Treasury Note/Bond | 2.375% | 5/15/27 | 163,385 | 177,324 | ||
United States Treasury Note/Bond | 0.500% | 5/31/27 | 103,895 | 100,843 | ||
United States Treasury Note/Bond | 0.500% | 6/30/27 | 100,435 | 97,359 | ||
United States Treasury Note/Bond | 0.375% | 7/31/27 | 124,375 | 119,400 | ||
United States Treasury Note/Bond | 2.250% | 8/15/27 | 172,170 | 185,513 | ||
United States Treasury Note/Bond | 6.375% | 8/15/27 | 3,000 | 4,008 | ||
United States Treasury Note/Bond | 0.500% | 8/31/27 | 128,700 | 124,336 | ||
United States Treasury Note/Bond | 0.375% | 9/30/27 | 135,340 | 129,503 | ||
United States Treasury Note/Bond | 0.500% | 10/31/27 | 96,855 | 93,344 | ||
United States Treasury Note/Bond | 2.250% | 11/15/27 | 160,910 | 173,305 | ||
United States Treasury Note/Bond | 6.125% | 11/15/27 | 11,800 | 15,672 | ||
United States Treasury Note/Bond | 0.625% | 11/30/27 | 134,275 | 130,310 | ||
United States Treasury Note/Bond | 0.625% | 12/31/27 | 83,570 | 81,011 | ||
United States Treasury Note/Bond | 0.750% | 1/31/28 | 109,490 | 106,924 | ||
United States Treasury Note/Bond | 2.750% | 2/15/28 | 115,665 | 128,497 | ||
1 | United States Treasury Note/Bond | 1.125% | 2/29/28 | 117,465 | 117,080 | |
United States Treasury Note/Bond | 2.875% | 5/15/28 | 117,957 | 132,259 | ||
United States Treasury Note/Bond | 2.875% | 8/15/28 | 165,258 | 185,580 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 5.500% | 8/15/28 | 52,837 | 69,175 | ||
United States Treasury Note/Bond | 3.125% | 11/15/28 | 166,843 | 190,592 | ||
United States Treasury Note/Bond | 5.250% | 11/15/28 | 27,450 | 35,625 | ||
United States Treasury Note/Bond | 2.625% | 2/15/29 | 162,335 | 179,710 | ||
United States Treasury Note/Bond | 5.250% | 2/15/29 | 33,007 | 43,069 | ||
United States Treasury Note/Bond | 2.375% | 5/15/29 | 177,494 | 193,191 | ||
United States Treasury Note/Bond | 1.625% | 8/15/29 | 145,193 | 149,435 | ||
United States Treasury Note/Bond | 6.125% | 8/15/29 | 17,520 | 24,416 | ||
United States Treasury Note/Bond | 1.750% | 11/15/29 | 147,460 | 153,220 | ||
United States Treasury Note/Bond | 1.500% | 2/15/30 | 184,504 | 187,444 | ||
United States Treasury Note/Bond | 0.625% | 5/15/30 | 240,810 | 225,759 | ||
United States Treasury Note/Bond | 6.250% | 5/15/30 | 5,000 | 7,156 | ||
United States Treasury Note/Bond | 0.625% | 8/15/30 | 253,590 | 236,909 | ||
United States Treasury Note/Bond | 0.875% | 11/15/30 | 246,540 | 235,253 | ||
United States Treasury Note/Bond | 1.125% | 2/15/31 | 112,575 | 109,796 | ||
Total U.S. Government and Agency Obligations (Cost $11,204,820) | 11,380,966 | |||||
Shares | ||||||
Temporary Cash Investments (0.3%) | ||||||
Money Market Fund (0.3%) | ||||||
2 | Vanguard Market Liquidity Fund (Cost $34,992) | 0.099% | 349,926 | 34,992 | ||
Total Investments (99.9%) (Cost $11,239,812) | 11,415,958 | |||||
Other Assets and Liabilities—Net (0.1%) | 7,021 | |||||
Net Assets (100%) | 11,422,979 |
Cost is in $000. | |
• | See Note A in Notes to Financial Statements. |
1 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2021. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $11,204,820) | 11,380,966 |
Affiliated Issuers (Cost $34,992) | 34,992 |
Total Investments in Securities | 11,415,958 |
Investment in Vanguard | 436 |
Cash | 3 |
Receivables for Investment Securities Sold | 301,709 |
Receivables for Accrued Income | 40,910 |
Receivables for Capital Shares Issued | 22,163 |
Total Assets | 11,781,179 |
Liabilities | |
Payables for Investment Securities Purchased | 351,120 |
Payables for Capital Shares Redeemed | 6,282 |
Payables for Distributions | 506 |
Payables to Vanguard | 292 |
Total Liabilities | 358,200 |
Net Assets | 11,422,979 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 11,165,042 |
Total Distributable Earnings (Loss) | 257,937 |
Net Assets | 11,422,979 |
ETF Shares—Net Assets | |
Applicable to 104,745,293 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 7,129,141 |
Net Asset Value Per Share—ETF Shares | $68.06 |
Admiral Shares—Net Assets | |
Applicable to 115,746,909 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,659,167 |
Net Asset Value Per Share—Admiral Shares | $22.97 |
Institutional Shares—Net Assets | |
Applicable to 57,335,950 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,634,671 |
Net Asset Value Per Share—Institutional Shares | $28.51 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 70,556 |
Total Income | 70,556 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 126 |
Management and Administrative—ETF Shares | 1,418 |
Management and Administrative—Admiral Shares | 834 |
Management and Administrative—Institutional Shares | 360 |
Marketing and Distribution—ETF Shares | 168 |
Marketing and Distribution—Admiral Shares | 76 |
Marketing and Distribution—Institutional Shares | 28 |
Custodian Fees | 11 |
Shareholders’ Reports—ETF Shares | 21 |
Shareholders’ Reports—Admiral Shares | 8 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 1 |
Total Expenses | 3,052 |
Net Investment Income | 67,504 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | 97,032 |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (407,350) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (242,814) |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $9,000, $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $36,314,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 67,504 | 160,120 | |
Realized Net Gain (Loss) | 97,032 | 166,294 | |
Change in Unrealized Appreciation (Depreciation) | (407,350) | 244,806 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (242,814) | 571,220 | |
Distributions | |||
ETF Shares | (90,496) | (96,073) | |
Admiral Shares | (35,307) | (39,783) | |
Institutional Shares | (21,817) | (24,641) | |
Total Distributions | (147,620) | (160,497) | |
Capital Share Transactions | |||
ETF Shares | 822,495 | 1,955,597 | |
Admiral Shares | 12,888 | 750,787 | |
Institutional Shares | 133,074 | 305,818 | |
Net Increase (Decrease) from Capital Share Transactions | 968,457 | 3,012,202 | |
Total Increase (Decrease) | 578,023 | 3,422,925 | |
Net Assets | |||
Beginning of Period | 10,844,956 | 7,422,031 | |
End of Period | 11,422,979 | 10,844,956 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $70.46 | $67.26 | $62.67 | $65.29 | $66.54 | $64.80 |
Investment Operations | ||||||
Net Investment Income | .4201 | 1.2391 | 1.5151 | 1.2501 | 1.0431 | 1.035 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.893) | 3.248 | 4.552 | (2.691) | (1.201) | 1.770 |
Total from Investment Operations | (1.473) | 4.487 | 6.067 | (1.441) | (.158) | 2.805 |
Distributions | ||||||
Dividends from Net Investment Income | (.440) | (1.287) | (1.477) | (1.179) | (1.011) | (1.038) |
Distributions from Realized Capital Gains | (.487) | — | — | — | (.081) | (.027) |
Total Distributions | (.927) | (1.287) | (1.477) | (1.179) | (1.092) | (1.065) |
Net Asset Value, End of Period | $68.06 | $70.46 | $67.26 | $62.67 | $65.29 | $66.54 |
Total Return | -2.11% | 6.76% | 9.84% | -2.21% | -0.21% | 4.37% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $7,129 | $6,547 | $4,353 | $2,680 | $1,329 | $908 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.22% | 1.80% | 2.36% | 1.97% | 1.61% | 1.61% |
Portfolio Turnover Rate2 | 16% | 28% | 29% | 31% | 32% | 37% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $23.78 | $22.68 | $21.13 | $22.03 | $22.45 | $21.86 |
Investment Operations | ||||||
Net Investment Income | .1401 | .4161 | .5071 | .4181 | .3511 | .349 |
Net Realized and Unrealized Gain (Loss) on Investments | (.646) | 1.101 | 1.540 | (.911) | (.400) | .601 |
Total from Investment Operations | (.506) | 1.517 | 2.047 | (.493) | (.049) | .950 |
Distributions | ||||||
Dividends from Net Investment Income | (.139) | (.417) | (.497) | (.407) | (.344) | (.351) |
Distributions from Realized Capital Gains | (.165) | — | — | — | (.027) | (.009) |
Total Distributions | (.304) | (.417) | (.497) | (.407) | (.371) | (.360) |
Net Asset Value, End of Period | $22.97 | $23.78 | $22.68 | $21.13 | $22.03 | $22.45 |
Total Return2 | -2.15% | 6.76% | 9.83% | -2.24% | -0.19% | 4.38% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,659 | $2,740 | $1,887 | $1,104 | $874 | $710 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.20% | 1.79% | 2.34% | 1.97% | 1.61% | 1.61% |
Portfolio Turnover Rate3 | 16% | 28% | 29% | 31% | 32% | 37% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $29.51 | $28.15 | $26.23 | $27.33 | $27.86 | $27.12 |
Investment Operations | ||||||
Net Investment Income | .1761 | .5271 | .6341 | .5241 | .4411 | .437 |
Net Realized and Unrealized Gain (Loss) on Investments | (.797) | 1.355 | 1.908 | (1.114) | (.507) | .752 |
Total from Investment Operations | (.621) | 1.882 | 2.542 | (.590) | (.066) | 1.189 |
Distributions | ||||||
Dividends from Net Investment Income | (.175) | (.522) | (.622) | (.510) | (.430) | (.438) |
Distributions from Realized Capital Gains | (.204) | — | — | — | (.034) | (.011) |
Total Distributions | (.379) | (.522) | (.622) | (.510) | (.464) | (.449) |
Net Asset Value, End of Period | $28.51 | $29.51 | $28.15 | $26.23 | $27.33 | $27.86 |
Total Return | -2.12% | 6.76% | 9.83% | -2.16% | -0.21% | 4.42% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,635 | $1,558 | $1,183 | $390 | $336 | $272 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 1.22% | 1.83% | 2.36% | 1.99% | 1.63% | 1.63% |
Portfolio Turnover Rate2 | 16% | 28% | 29% | 31% | 32% | 37% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 11,380,966 | — | 11,380,966 |
Temporary Cash Investments | 34,992 | — | — | 34,992 |
Total | 34,992 | 11,380,966 | — | 11,415,958 |
D. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 11,242,268 |
Gross Unrealized Appreciation | 312,871 |
Gross Unrealized Depreciation | (139,181) |
Net Unrealized Appreciation (Depreciation) | 173,690 |
E. | During the six months ended February 28, 2021, the fund purchased $3,168,975,000 of investment securities and sold $2,252,469,000 of investment securities, other than temporary cash investments. Purchases and sales include $1,319,161,000 and $509,479,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,336,841 | 19,203 | 3,000,182 | 43,309 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (514,346) | (7,375) | (1,044,585) | (15,100) | |
Net Increase (Decrease)—ETF Shares | 822,495 | 11,828 | 1,955,597 | 28,209 | |
Admiral Shares | |||||
Issued | 654,447 | 27,795 | 1,763,881 | 75,468 | |
Issued in Lieu of Cash Distributions | 30,436 | 1,298 | 33,570 | 1,450 | |
Redeemed | (671,995) | (28,583) | (1,046,664) | (44,861) | |
Net Increase (Decrease)—Admiral Shares | 12,888 | 510 | 750,787 | 32,057 | |
Institutional Shares | |||||
Issued | 298,442 | 10,196 | 637,472 | 22,246 | |
Issued in Lieu of Cash Distributions | 19,323 | 664 | 20,929 | 729 | |
Redeemed | (184,691) | (6,341) | (352,583) | (12,178) | |
Net Increase (Decrease)—Institutional Shares | 133,074 | 4,519 | 305,818 | 10,797 |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
5 - 10 Years | 0.2% |
10 - 15 Years | 1.0 |
15 - 20 Years | 19.7 |
20 - 25 Years | 30.1 |
Over 25 Years | 49.0 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (99.6%) | ||||||
U.S. Government Securities (99.6%) | ||||||
United States Treasury Note/Bond | 6.250% | 5/15/30 | 6,047 | 8,656 | ||
United States Treasury Note/Bond | 4.500% | 2/15/36 | 40,807 | 56,065 | ||
United States Treasury Note/Bond | 4.750% | 2/15/37 | 14,755 | 20,975 | ||
United States Treasury Note/Bond | 5.000% | 5/15/37 | 9,410 | 13,744 | ||
United States Treasury Note/Bond | 4.375% | 2/15/38 | 13,820 | 19,059 | ||
United States Treasury Note/Bond | 4.500% | 5/15/38 | 18,481 | 25,850 | ||
United States Treasury Note/Bond | 3.500% | 2/15/39 | 45,415 | 56,840 | ||
United States Treasury Note/Bond | 4.250% | 5/15/39 | 26,937 | 36,912 | ||
United States Treasury Note/Bond | 4.500% | 8/15/39 | 27,009 | 38,120 | ||
United States Treasury Note/Bond | 4.375% | 11/15/39 | 47,004 | 65,475 | ||
United States Treasury Note/Bond | 4.625% | 2/15/40 | 46,389 | 66,706 | ||
United States Treasury Note/Bond | 1.125% | 5/15/40 | 154,695 | 132,989 | ||
United States Treasury Note/Bond | 4.375% | 5/15/40 | 36,087 | 50,505 | ||
United States Treasury Note/Bond | 1.125% | 8/15/40 | 202,005 | 172,904 | ||
United States Treasury Note/Bond | 3.875% | 8/15/40 | 39,227 | 51,712 | ||
United States Treasury Note/Bond | 1.375% | 11/15/40 | 221,283 | 198,048 | ||
United States Treasury Note/Bond | 4.250% | 11/15/40 | 35,466 | 48,999 | ||
1 | United States Treasury Note/Bond | 1.875% | 2/15/41 | 67,665 | 66,185 | |
United States Treasury Note/Bond | 4.750% | 2/15/41 | 25,328 | 37,232 | ||
United States Treasury Note/Bond | 4.375% | 5/15/41 | 36,433 | 51,274 | ||
United States Treasury Note/Bond | 3.750% | 8/15/41 | 46,322 | 60,276 | ||
United States Treasury Note/Bond | 3.125% | 11/15/41 | 41,104 | 49,062 | ||
United States Treasury Note/Bond | 3.125% | 2/15/42 | 43,074 | 51,459 | ||
United States Treasury Note/Bond | 3.000% | 5/15/42 | 45,241 | 52,968 | ||
United States Treasury Note/Bond | 2.750% | 8/15/42 | 50,633 | 57,026 | ||
United States Treasury Note/Bond | 2.750% | 11/15/42 | 74,427 | 83,753 | ||
United States Treasury Note/Bond | 3.125% | 2/15/43 | 64,524 | 77,046 | ||
United States Treasury Note/Bond | 2.875% | 5/15/43 | 104,962 | 120,657 | ||
United States Treasury Note/Bond | 3.625% | 8/15/43 | 75,944 | 97,766 | ||
United States Treasury Note/Bond | 3.750% | 11/15/43 | 78,266 | 102,638 | ||
United States Treasury Note/Bond | 3.625% | 2/15/44 | 99,455 | 128,266 | ||
United States Treasury Note/Bond | 3.375% | 5/15/44 | 72,707 | 90,339 | ||
United States Treasury Note/Bond | 3.125% | 8/15/44 | 98,771 | 118,124 | ||
United States Treasury Note/Bond | 3.000% | 11/15/44 | 88,908 | 104,244 | ||
United States Treasury Note/Bond | 2.500% | 2/15/45 | 123,043 | 132,445 | ||
United States Treasury Note/Bond | 3.000% | 5/15/45 | 88,224 | 103,677 | ||
United States Treasury Note/Bond | 2.875% | 8/15/45 | 88,927 | 102,322 | ||
United States Treasury Note/Bond | 3.000% | 11/15/45 | 12,422 | 14,619 | ||
United States Treasury Note/Bond | 2.500% | 2/15/46 | 80,873 | 87,115 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 2.500% | 5/15/46 | 97,921 | 105,403 | ||
United States Treasury Note/Bond | 2.250% | 8/15/46 | 113,264 | 116,237 | ||
United States Treasury Note/Bond | 2.875% | 11/15/46 | 95,858 | 110,582 | ||
United States Treasury Note/Bond | 3.000% | 2/15/47 | 87,906 | 103,866 | ||
United States Treasury Note/Bond | 3.000% | 5/15/47 | 96,222 | 113,753 | ||
United States Treasury Note/Bond | 2.750% | 8/15/47 | 99,045 | 112,014 | ||
United States Treasury Note/Bond | 2.750% | 11/15/47 | 108,000 | 122,192 | ||
United States Treasury Note/Bond | 3.000% | 2/15/48 | 111,412 | 132,092 | ||
United States Treasury Note/Bond | 3.125% | 5/15/48 | 117,022 | 141,926 | ||
United States Treasury Note/Bond | 3.000% | 8/15/48 | 120,557 | 143,199 | ||
United States Treasury Note/Bond | 3.375% | 11/15/48 | 121,557 | 154,434 | ||
United States Treasury Note/Bond | 3.000% | 2/15/49 | 124,109 | 147,748 | ||
United States Treasury Note/Bond | 2.875% | 5/15/49 | 114,720 | 133,631 | ||
United States Treasury Note/Bond | 2.250% | 8/15/49 | 146,865 | 151,064 | ||
United States Treasury Note/Bond | 2.375% | 11/15/49 | 165,136 | 174,476 | ||
United States Treasury Note/Bond | 2.000% | 2/15/50 | 202,677 | 197,420 | ||
United States Treasury Note/Bond | 1.250% | 5/15/50 | 180,343 | 145,571 | ||
United States Treasury Note/Bond | 1.375% | 8/15/50 | 227,803 | 190,073 | ||
United States Treasury Note/Bond | 1.625% | 11/15/50 | 225,004 | 200,183 | ||
United States Treasury Note/Bond | 1.875% | 2/15/51 | 50,751 | 48,039 | ||
Total U.S. Government and Agency Obligations (Cost $5,812,004) | 5,595,955 | |||||
Shares | ||||||
Temporary Cash Investments (0.7%) | ||||||
Money Market Fund (0.7%) | ||||||
2 | Vanguard Market Liquidity Fund (Cost $38,832) | 0.099% | 388,318 | 38,832 | ||
Total Investments (100.3%) (Cost $5,850,836) | 5,634,787 | |||||
Other Assets and Liabilities—Net (-0.3%) | (14,370) | |||||
Net Assets (100%) | 5,620,417 |
Cost is in $000. | |
• | See Note A in Notes to Financial Statements. |
1 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2021. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $5,812,004) | 5,595,955 |
Affiliated Issuers (Cost $38,832) | 38,832 |
Total Investments in Securities | 5,634,787 |
Investment in Vanguard | 231 |
Receivables for Investment Securities Sold | 85,889 |
Receivables for Accrued Income | 22,015 |
Receivables for Capital Shares Issued | 12,900 |
Total Assets | 5,755,822 |
Liabilities | |
Payables for Investment Securities Purchased | 120,649 |
Payables for Capital Shares Redeemed | 14,232 |
Payables for Distributions | 375 |
Payables to Vanguard | 149 |
Total Liabilities | 135,405 |
Net Assets | 5,620,417 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 5,776,924 |
Total Distributable Earnings (Loss) | (156,507) |
Net Assets | 5,620,417 |
ETF Shares—Net Assets | |
Applicable to 24,572,110 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,141,381 |
Net Asset Value Per Share—ETF Shares | $87.15 |
Admiral Shares—Net Assets | |
Applicable to 62,804,723 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,838,698 |
Net Asset Value Per Share—Admiral Shares | $29.28 |
Institutional Shares—Net Assets | |
Applicable to 44,144,185 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,640,338 |
Net Asset Value Per Share—Institutional Shares | $37.16 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 49,550 |
Total Income | 49,550 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 65 |
Management and Administrative—ETF Shares | 494 |
Management and Administrative—Admiral Shares | 565 |
Management and Administrative—Institutional Shares | 318 |
Marketing and Distribution—ETF Shares | 59 |
Marketing and Distribution—Admiral Shares | 52 |
Marketing and Distribution—Institutional Shares | 22 |
Custodian Fees | 8 |
Shareholders’ Reports—ETF Shares | — |
Shareholders’ Reports—Admiral Shares | 7 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 1 |
Total Expenses | 1,591 |
Expenses Paid Indirectly | (3) |
Net Expenses | 1,588 |
Net Investment Income | 47,962 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 66,209 |
Futures Contracts | 19 |
Realized Net Gain (Loss) | 66,228 |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (790,672) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (676,482) |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $5,000, $0, and $0, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $78,807,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 47,962 | 87,335 | |
Realized Net Gain (Loss) | 66,228 | 304,942 | |
Change in Unrealized Appreciation (Depreciation) | (790,672) | 134,898 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (676,482) | 527,175 | |
Distributions | |||
ETF Shares | (27,318) | (36,292) | |
Admiral Shares | (21,354) | (27,918) | |
Institutional Shares | (17,213) | (22,455) | |
Total Distributions | (65,885) | (86,665) | |
Capital Share Transactions | |||
ETF Shares | 304,608 | 646,509 | |
Admiral Shares | 280,250 | 618,945 | |
Institutional Shares | 605,939 | 77,643 | |
Net Increase (Decrease) from Capital Share Transactions | 1,190,797 | 1,343,097 | |
Total Increase (Decrease) | 448,430 | 1,783,607 | |
Net Assets | |||
Beginning of Period | 5,171,987 | 3,388,380 | |
End of Period | 5,620,417 | 5,171,987 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $98.93 | $90.17 | $74.33 | $78.76 | $85.64 | $75.13 |
Investment Operations | ||||||
Net Investment Income | .8111 | 1.9151 | 2.1151 | 2.0501 | 2.0061 | 2.021 |
Net Realized and Unrealized Gain (Loss) on Investments | (11.483) | 8.772 | 15.798 | (4.469) | (6.905) | 10.511 |
Total from Investment Operations | (10.672) | 10.687 | 17.913 | (2.419) | (4.899) | 12.532 |
Distributions | ||||||
Dividends from Net Investment Income | (.817) | (1.927) | (2.073) | (2.011) | (1.981) | (2.022) |
Distributions from Realized Capital Gains | (.291) | — | — | — | — | — |
Total Distributions | (1.108) | (1.927) | (2.073) | (2.011) | (1.981) | (2.022) |
Net Asset Value, End of Period | $87.15 | $98.93 | $90.17 | $74.33 | $78.76 | $85.64 |
Total Return | -10.89% | 12.02% | 24.69% | -3.07% | -5.63% | 16.96% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,141 | $2,138 | $1,282 | $676 | $549 | $578 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.71% | 2.03% | 2.75% | 2.73% | 2.62% | 2.58% |
Portfolio Turnover Rate2 | 10% | 29% | 16% | 19% | 19% | 18% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $33.24 | $30.28 | $24.95 | $26.44 | $28.75 | $25.21 |
Investment Operations | ||||||
Net Investment Income | .2691 | .6371 | .7061 | .6901 | .6761 | .679 |
Net Realized and Unrealized Gain (Loss) on Investments | (3.866) | 2.955 | 5.316 | (1.501) | (2.319) | 3.540 |
Total from Investment Operations | (3.597) | 3.592 | 6.022 | (.811) | (1.643) | 4.219 |
Distributions | ||||||
Dividends from Net Investment Income | (.265) | (.632) | (.692) | (.679) | (.667) | (.679) |
Distributions from Realized Capital Gains | (.098) | — | — | — | — | — |
Total Distributions | (.363) | (.632) | (.692) | (.679) | (.667) | (.679) |
Net Asset Value, End of Period | $29.28 | $33.24 | $30.28 | $24.95 | $26.44 | $28.75 |
Total Return2 | -10.91% | 12.00% | 24.67% | -3.06% | -5.62% | 16.97% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,839 | $1,800 | $1,053 | $559 | $468 | $374 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.70% | 2.01% | 2.73% | 2.73% | 2.62% | 2.58% |
Portfolio Turnover Rate3 | 10% | 29% | 16% | 19% | 19% | 18% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $42.19 | $38.43 | $31.66 | $33.56 | $36.49 | $32.00 |
Investment Operations | ||||||
Net Investment Income | .3451 | .8221 | .9021 | .8831 | .8651 | .868 |
Net Realized and Unrealized Gain (Loss) on Investments | (4.911) | 3.748 | 6.753 | (1.915) | (2.942) | 4.492 |
Total from Investment Operations | (4.566) | 4.570 | 7.655 | (1.032) | (2.077) | 5.360 |
Distributions | ||||||
Dividends from Net Investment Income | (.340) | (.810) | (.885) | (.868) | (.853) | (.870) |
Distributions from Realized Capital Gains | (.124) | — | — | — | — | — |
Total Distributions | (.464) | (.810) | (.885) | (.868) | (.853) | (.870) |
Net Asset Value, End of Period | $37.16 | $42.19 | $38.43 | $31.66 | $33.56 | $36.49 |
Total Return | -10.91% | 12.03% | 24.71% | -3.07% | -5.60% | 16.99% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,640 | $1,234 | $1,054 | $452 | $213 | $138 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 1.72% | 2.06% | 2.75% | 2.75% | 2.64% | 2.60% |
Portfolio Turnover Rate2 | 10% | 29% | 16% | 19% | 19% | 18% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended February 28, 2021, custodian fee offset arrangements reduced the fund’s expenses by $3,000 (an annual rate of less than 0.01% of average net assets). |
D. | Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 5,595,955 | — | 5,595,955 |
Temporary Cash Investments | 38,832 | — | — | 38,832 |
Total | 38,832 | 5,595,955 | — | 5,634,787 |
E. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 5,865,099 |
Gross Unrealized Appreciation | 174,851 |
Gross Unrealized Depreciation | (405,163) |
Net Unrealized Appreciation (Depreciation) | (230,312) |
F. | During the six months ended February 28, 2021, the fund purchased $2,354,527,000 of investment securities and sold $1,175,955,000 of investment securities, other than temporary cash investments. Purchases and sales include $880,408,000 and $596,600,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 909,120 | 9,363 | 1,915,555 | 20,470 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (604,512) | (6,400) | (1,269,046) | (13,075) | |
Net Increase (Decrease)—ETF Shares | 304,608 | 2,963 | 646,509 | 7,395 | |
Admiral Shares | |||||
Issued | 849,368 | 26,614 | 1,763,454 | 55,020 | |
Issued in Lieu of Cash Distributions | 18,598 | 583 | 23,977 | 756 | |
Redeemed | (587,716) | (18,551) | (1,168,486) | (36,399) | |
Net Increase (Decrease)—Admiral Shares | 280,250 | 8,646 | 618,945 | 19,377 | |
Institutional Shares | |||||
Issued | 749,169 | 18,337 | 389,224 | 9,567 | |
Issued in Lieu of Cash Distributions | 17,140 | 425 | 22,432 | 562 | |
Redeemed | (160,370) | (3,871) | (334,013) | (8,292) | |
Net Increase (Decrease)—Institutional Shares | 605,939 | 14,891 | 77,643 | 1,837 |
H. | Management has determined that no events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
Corporate Bonds – Communications | 4.7% |
Corporate Bonds – Consumer Discretionary | 6.6 |
Corporate Bonds – Consumer Staples | 6.0 |
Corporate Bonds – Energy | 7.8 |
Corporate Bonds – Financials | 39.3 |
Corporate Bonds – Health Care | 9.3 |
Corporate Bonds – Industrials | 7.4 |
Corporate Bonds – Materials | 2.1 |
Corporate Bonds – Real Estate | 3.3 |
Corporate Bonds – Technology | 8.5 |
Corporate Bonds – Utilities | 4.9 |
U.S. Government and Agency Obligations | 0.1 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | Percentage of Net Assets | ||
U.S. Government and Agency Obligations | ||||||
†U.S. Government Securities1 (Cost $27,860) | 27,821 | 0.06% | ||||
Corporate Bonds | ||||||
Communications | ||||||
AT&T Inc. | 2.625%–4.450% | 6/30/22–2/17/26 | 214,804 | 232,839 | 0.52% | |
Charter Communications Operating LLC | 4.464%–4.908% | 7/23/22–7/23/25 | 148,065 | 163,708 | 0.36% | |
Charter Communications Operating LLC2 | 4.500% | 2/1/24 | 35,392 | 38,961 | 0.09% | |
Comcast Corp. | 3.000%–3.950% | 2/1/24–10/15/25 | 237,399 | 260,637 | 0.58% | |
Verizon Communications Inc. | 0.850%–5.150% | 9/15/23–11/20/25 | 207,239 | 223,164 | 0.49% | |
† | Other2,3 | 1,208,713 | 2.68% | |||
2,128,022 | 4.72% | |||||
Consumer Discretionary | ||||||
American Honda Finance Corp. | 1.950% | 5/20/22 | 11,827 | 12,061 | 0.03% | |
American Honda Finance Corp.2 | 0.400%–3.625% | 6/27/22–9/10/25 | 235,670 | 242,552 | 0.54% | |
General Motors Co. | 4.000%–6.125% | 10/2/23–10/1/25 | 110,029 | 125,305 | 0.28% | |
General Motors Financial Co. Inc. | 1.250%–5.200% | 4/10/22–1/8/26 | 437,563 | 466,359 | 1.04% | |
Toyota Motor Credit Corp.2 | 0.350%–3.450% | 4/12/22–1/9/26 | 383,973 | 395,864 | 0.88% | |
Toyota Motor Credit Corp. | 3.350% | 1/8/24 | 10,883 | 11,753 | 0.03% | |
† | Other1,2,3 | 1,714,586 | 3.78% | |||
2,968,480 | 6.58% | |||||
Consumer Staples | ||||||
PepsiCo Inc. | 0.400%–3.600% | 3/5/22–7/17/25 | 208,463 | 217,886 | 0.49% |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | Percentage of Net Assets | ||
Walmart Inc. | 2.350%–3.550% | 12/15/22–6/26/25 | 226,142 | 242,723 | 0.54% | |
† | Other2,3 | 2,208,460 | 4.89% | |||
2,669,069 | 5.92% | |||||
Energy | ||||||
BP Capital Markets America Inc.2 | 2.520%–3.245% | 5/6/22–5/4/26 | 120,850 | 126,727 | 0.27% | |
BP Capital Markets America Inc. | 2.937%–3.796% | 4/6/23–2/11/26 | 85,590 | 92,742 | 0.20% | |
Chevron Corp. | 1.141%–3.326% | 3/3/22–11/17/25 | 231,593 | 240,206 | 0.55% | |
Exxon Mobil Corp. | 1.571%–3.176% | 3/6/22–3/19/25 | 255,954 | 268,825 | 0.61% | |
Shell International Finance BV | 0.375%–3.500% | 8/21/22–5/11/25 | 198,475 | 210,019 | 0.45% | |
† | Other2 | 2,563,883 | 5.69% | |||
3,502,402 | 7.77% | |||||
Financials | ||||||
AerCap Ireland Capital DAC | 1.750%–6.500% | 5/26/22–1/30/26 | 216,099 | 231,592 | 0.51% | |
American Express Co. | 2.500%–4.200% | 5/20/22–11/6/25 | 296,305 | 312,945 | 0.70% | |
Bank of America Corp.2 | 0.810%–5.000% | 5/13/21–10/24/26 | 1,162,911 | 1,230,298 | 2.75% | |
Bank of America Corp. | 4.100% | 7/24/23 | 40,165 | 43,787 | 0.10% | |
Bank of Montreal2 | 0.949%–4.338% | 3/26/22–10/5/28 | 210,299 | 218,452 | 0.50% | |
Bank of Montreal | 0.450% | 12/8/23 | 20,000 | 19,998 | 0.04% | |
Bank of New York Mellon Corp.2 | 0.350%–3.950% | 8/23/22–1/28/26 | 242,601 | 253,733 | 0.56% | |
Bank of New York Mellon Corp. | 3.400% | 5/15/24 | 11,199 | 12,220 | 0.03% | |
Bank of Nova Scotia | 0.550%–4.500% | 3/7/22–12/16/25 | 239,979 | 249,023 | 0.55% | |
Bank of Nova Scotia2 | 2.450%–4.650% | 9/19/22–4/12/69 | 17,290 | 17,723 | 0.04% | |
Barclays plc | 1.007%–4.375% | 1/10/23–1/12/26 | 171,233 | 185,598 | 0.41% | |
Barclays plc2 | 2.852%–4.338% | 5/16/24–5/7/26 | 135,216 | 145,082 | 0.32% | |
Capital One Financial Corp. | 2.600%–4.250% | 3/9/22–10/29/25 | 247,634 | 265,359 | 0.60% | |
Citibank NA2 | 3.650% | 1/23/24 | 41,645 | 45,280 | 0.10% | |
Citigroup Inc. | 0.776%–5.500% | 4/25/22–1/28/27 | 451,908 | 482,322 | 1.07% | |
Citigroup Inc.2 | 1.678%–4.044% | 7/24/23–4/8/26 | 258,949 | 275,127 | 0.62% | |
Credit Suisse AG | 0.495%–2.950% | 4/8/22–4/9/25 | 142,849 | 147,785 | 0.33% | |
Credit Suisse AG2 | 3.625% | 9/9/24 | 67,024 | 73,669 | 0.16% | |
Deutsche Bank AG2 | 2.222%–4.250% | 10/14/21–1/13/26 | 140,133 | 148,222 | 0.33% | |
Deutsche Bank AG | 2.129%–3.950% | 2/27/23–11/24/26 | 62,557 | 64,370 | 0.14% | |
E*TRADE Financial Corp. | 2.950% | 8/24/22 | 12,438 | 12,865 | 0.03% | |
Goldman Sachs Group Inc. | 0.855%–4.250% | 4/26/22–2/12/26 | 458,019 | 493,805 | 1.11% | |
Goldman Sachs Group Inc.2 | 0.481%–3.850% | 1/27/23–12/9/26 | 327,043 | 337,071 | 0.74% | |
HSBC Holdings plc2 | 1.645%–4.292% | 3/13/23–9/12/26 | 381,203 | 404,235 | 0.90% | |
HSBC Holdings plc | 3.600%–4.250% | 5/25/23–8/18/25 | 105,120 | 114,784 | 0.26% | |
HSBC USA Inc. | 3.500% | 6/23/24 | 25,314 | 27,604 | 0.06% | |
JPMorgan Chase & Co. | 0.563%–7.750% | 9/23/22–2/4/27 | 540,445 | 568,681 | 1.27% | |
JPMorgan Chase & Co.2 | 0.653%–4.023% | 4/1/23–1/29/27 | 579,762 | 609,944 | 1.36% | |
Lloyds Banking Group plc | 3.100%–4.582% | 7/6/21–12/10/25 | 143,325 | 157,091 | 0.35% | |
Lloyds Banking Group plc2 | 1.326%–3.870% | 3/17/23–2/5/26 | 156,231 | 164,569 | 0.36% | |
Mitsubishi UFJ Financial Group Inc. | 1.412%–3.761% | 3/7/22–7/17/25 | 361,383 | 378,355 | 0.83% | |
Mitsubishi UFJ Financial Group Inc.2 | 0.848% | 9/15/24 | 27,114 | 27,190 | 0.06% | |
Morgan Stanley | 0.985%–5.000% | 5/19/22–12/10/26 | 209,697 | 221,279 | 0.49% | |
Morgan Stanley2 | 0.529%–4.100% | 1/23/23–4/28/26 | 669,402 | 718,216 | 1.59% | |
MUFG Americas Holdings Corp. | 3.000%–3.500% | 6/18/22–2/10/25 | 20,645 | 21,745 | 0.05% |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | Percentage of Net Assets | ||
MUFG Union Bank NA2 | 2.100%–3.150% | 4/1/22–12/9/22 | 52,924 | 54,459 | 0.12% | |
Natwest Group plc | 3.875%–6.125% | 12/15/22–5/28/24 | 162,613 | 180,034 | 0.40% | |
Natwest Group plc2 | 2.359%–4.519% | 5/15/23–11/1/29 | 148,241 | 157,372 | 0.35% | |
Royal Bank of Canada2 | 0.425%–4.650% | 4/29/22–1/27/26 | 311,745 | 326,002 | 0.72% | |
Sumitomo Mitsui Financial Group Inc. | 0.508%–3.936% | 7/12/22–1/12/26 | 328,545 | 341,345 | 0.77% | |
Toronto-Dominion Bank2 | 0.250%–3.500% | 12/1/22–1/6/26 | 273,951 | 283,193 | 0.63% | |
Truist Bank2 | 1.250%–4.050% | 5/17/22–9/17/29 | 246,784 | 260,678 | 0.58% | |
Truist Financial Corp.2 | 1.200%–3.950% | 3/22/22–8/5/25 | 160,484 | 169,106 | 0.36% | |
Truist Financial Corp. | 4.000% | 5/1/25 | 23,623 | 26,426 | 0.06% | |
Wells Fargo & Co.2 | 1.654%–3.750% | 3/8/22–4/30/26 | 657,231 | 693,690 | 1.54% | |
Wells Fargo & Co. | 3.069%–4.480% | 1/24/23–1/16/24 | 115,546 | 121,153 | 0.27% | |
Wells Fargo Bank NA2 | 3.550% | 8/14/23 | 73,027 | 78,677 | 0.17% | |
† | Other1,2,3 | 6,254,272 | 13.81% | |||
17,626,426 | 39.10% | |||||
Health Care | ||||||
AbbVie Inc. | 2.300%–3.850% | 3/15/22–5/14/25 | 527,254 | 557,809 | 1.24% | |
Bristol-Myers Squibb Co. | 0.537%–3.875% | 5/16/22–11/13/25 | 307,436 | 325,470 | 0.73% | |
Cigna Corp.2 | 3.000%–4.500% | 11/30/22–2/25/26 | 79,561 | 85,988 | 0.19% | |
Cigna Corp. | 3.750%–4.125% | 7/15/23–11/15/25 | 96,673 | 107,067 | 0.24% | |
CVS Health Corp. | 2.625%–4.750% | 7/20/22–7/20/25 | 232,216 | 247,655 | 0.55% | |
UnitedHealth Group Inc. | 1.250%–3.750% | 3/15/22–1/15/26 | 190,474 | 203,038 | 0.44% | |
† | Other2,3 | 2,637,699 | 5.85% | |||
4,164,726 | 9.24% | |||||
Industrials | ||||||
Boeing Co. | 1.167%–4.875% | 3/1/22–2/4/26 | 402,869 | 420,970 | 0.92% | |
Caterpillar Financial Services Corp.2 | 0.450%–3.750% | 5/13/22–11/13/25 | 247,603 | 256,388 | 0.57% | |
Caterpillar Financial Services Corp.1 | 0.250%–0.900% | 3/1/23–3/2/26 | 25,000 | 24,875 | 0.05% | |
Caterpillar Financial Services Corp. | 0.650% | 7/7/23 | 11,208 | 11,273 | 0.03% | |
John Deere Capital Corp.2 | 0.400%–3.450% | 3/15/22–9/11/25 | 188,888 | 198,425 | 0.44% | |
John Deere Capital Corp. | 0.700%–3.650% | 1/27/23–1/15/26 | 41,540 | 42,733 | 0.10% | |
† | Other2,3,4 | 2,340,827 | 5.20% | |||
3,295,491 | 7.31% | |||||
†Materials2,3 | 942,727 | 2.09% | ||||
†Real Estate 2 | 1,484,526 | 3.29% | ||||
Technology | ||||||
Apple Inc. | 0.550%–3.450% | 5/11/22–2/23/26 | 728,427 | 764,671 | 1.69% | |
Intel Corp. | 2.350%–3.700% | 5/11/22–7/29/25 | 175,720 | 189,234 | 0.41% | |
International Business Machines Corp. | 1.875%–7.000% | 5/13/22–2/19/26 | 278,892 | 297,458 | 0.66% | |
Microsoft Corp. | 2.000%–3.625% | 11/3/22–11/3/25 | 275,556 | 294,173 | 0.65% | |
Oracle Corp. | 2.400%–3.625% | 5/15/22–5/15/25 | 398,027 | 420,093 | 0.94% | |
† | Other1,2,3 | 1,855,665 | 4.13% | |||
3,821,294 | 8.48% | |||||
†Utilities2,3 | 2,202,983 | 4.89% | ||||
Total Corporate Bonds (Cost $43,840,233) | 44,806,146 | 99.39% |
Coupon | Shares | Market Value• ($000) | Percentage of Net Assets | |||
Temporary Cash Investments | ||||||
Money Market Fund | ||||||
Vanguard Market Liquidity Fund5 (Cost $62,931) | 0.099% | 629,313 | 62,931 | 0.14% | ||
Total Investments (Cost $43,931,024) | 44,896,898 | 99.59% | ||||
Other Assets and Liabilities—Net | 186,823 | 0.41% | ||||
Net Assets | 45,083,721 | 100.00% |
Cost is in $000. | |
• | See Note A in Notes to Financial Statements. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
1 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2021. |
2 | The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called. |
3 | Certain securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2021, the aggregate value of these securities was $621,502,000, representing 1.4% of net assets. |
4 | Securities with a value of $888,000 have been segregated as initial margin for open futures contracts. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
5-Year U.S. Treasury Note | June 2021 | 389 | 48,224 | (101) |
Short Futures Contracts | ||||
2-Year U.S. Treasury Note | June 2021 | (200) | (44,153) | 20 |
10-Year U.S. Treasury Note | June 2021 | (28) | (3,716) | 46 |
66 | ||||
(35) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $43,868,093) | 44,833,967 |
Affiliated Issuers (Cost $62,931) | 62,931 |
Total Investments in Securities | 44,896,898 |
Investment in Vanguard | 1,678 |
Cash | 3,760 |
Receivables for Investment Securities Sold | 748,422 |
Receivables for Accrued Income | 351,858 |
Receivables for Capital Shares Issued | 12,394 |
Total Assets | 46,015,010 |
Liabilities | |
Payables for Investment Securities Purchased | 923,444 |
Payables for Capital Shares Redeemed | 4,616 |
Payables for Distributions | 1,731 |
Payables to Vanguard | 1,089 |
Variation Margin Payable—Futures Contracts | 409 |
Total Liabilities | 931,289 |
Net Assets | 45,083,721 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 43,946,683 |
Total Distributable Earnings (Loss) | 1,137,038 |
Net Assets | 45,083,721 |
ETF Shares—Net Assets | |
Applicable to 458,669,253 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 37,946,850 |
Net Asset Value Per Share—ETF Shares | $82.73 |
Admiral Shares—Net Assets | |
Applicable to 227,738,599 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 5,124,722 |
Net Asset Value Per Share—Admiral Shares | $22.50 |
Institutional Shares—Net Assets | |
Applicable to 73,043,749 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,012,149 |
Net Asset Value Per Share—Institutional Shares | $27.55 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 403,683 |
Total Income | 403,683 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 469 |
Management and Administrative—ETF Shares | 7,308 |
Management and Administrative—Admiral Shares | 1,476 |
Management and Administrative—Institutional Shares | 395 |
Marketing and Distribution—ETF Shares | 841 |
Marketing and Distribution—Admiral Shares | 133 |
Marketing and Distribution—Institutional Shares | 28 |
Custodian Fees | 30 |
Shareholders’ Reports—ETF Shares | 86 |
Shareholders’ Reports—Admiral Shares | 12 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 5 |
Total Expenses | 10,783 |
Net Investment Income | 392,900 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 252,562 |
Futures Contracts | 261 |
Realized Net Gain (Loss) | 252,823 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (359,729) |
Futures Contracts | (44) |
Change in Unrealized Appreciation (Depreciation) | (359,773) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 285,950 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $80,000, $9,000, and ($9,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $138,381,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 392,900 | 837,979 | |
Realized Net Gain (Loss) | 252,823 | 72,751 | |
Change in Unrealized Appreciation (Depreciation) | (359,773) | 649,105 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 285,950 | 1,559,835 | |
Distributions | |||
ETF Shares | (335,224) | (684,396) | |
Admiral Shares | (44,852) | (115,588) | |
Institutional Shares | (16,920) | (41,601) | |
Total Distributions | (396,996) | (841,585) | |
Capital Share Transactions | |||
ETF Shares | 6,244,056 | 6,667,731 | |
Admiral Shares | 433,633 | 303,962 | |
Institutional Shares | 356,224 | (11,125) | |
Net Increase (Decrease) from Capital Share Transactions | 7,033,913 | 6,960,568 | |
Total Increase (Decrease) | 6,922,867 | 7,678,818 | |
Net Assets | |||
Beginning of Period | 38,160,854 | 30,482,036 | |
End of Period | 45,083,721 | 38,160,854 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $82.95 | $81.18 | $78.32 | $80.25 | $80.52 | $79.33 |
Investment Operations | ||||||
Net Investment Income | .7841 | 2.1271 | 2.3111 | 1.9501 | 1.7681 | 1.661 |
Net Realized and Unrealized Gain (Loss) on Investments | (.194) | 1.815 | 2.826 | (1.953) | (.317) | 1.240 |
Total from Investment Operations | .590 | 3.942 | 5.137 | (.003) | 1.451 | 2.901 |
Distributions | ||||||
Dividends from Net Investment Income | (.810) | (2.172) | (2.277) | (1.927) | (1.721) | (1.648) |
Distributions from Realized Capital Gains | — | — | — | — | — | (.063) |
Total Distributions | (.810) | (2.172) | (2.277) | (1.927) | (1.721) | (1.711) |
Net Asset Value, End of Period | $82.73 | $82.95 | $81.18 | $78.32 | $80.25 | $80.52 |
Total Return | 0.71% | 4.95% | 6.68% | 0.01% | 1.84% | 3.71% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $37,947 | $31,797 | $24,537 | $21,511 | $20,862 | $14,121 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.91% | 2.62% | 2.92% | 2.48% | 2.21% | 2.11% |
Portfolio Turnover Rate2 | 20% | 56% | 51% | 56% | 66% | 57% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $22.55 | $22.06 | $21.28 | $21.81 | $21.89 | $21.57 |
Investment Operations | ||||||
Net Investment Income | .2121 | .5781 | .6251 | .5321 | .4811 | .451 |
Net Realized and Unrealized Gain (Loss) on Investments | (.053) | .485 | .777 | (.531) | (.088) | .337 |
Total from Investment Operations | .159 | 1.063 | 1.402 | .001 | .393 | .788 |
Distributions | ||||||
Dividends from Net Investment Income | (.209) | (.573) | (.622) | (.531) | (.473) | (.451) |
Distributions from Realized Capital Gains | — | — | — | — | — | (.017) |
Total Distributions | (.209) | (.573) | (.622) | (.531) | (.473) | (.468) |
Net Asset Value, End of Period | $22.50 | $22.55 | $22.06 | $21.28 | $21.81 | $21.89 |
Total Return2 | 0.70% | 4.90% | 6.70% | 0.02% | 1.83% | 3.70% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $5,125 | $4,703 | $4,312 | $3,533 | $3,180 | $1,959 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.89% | 2.61% | 2.90% | 2.48% | 2.21% | 2.11% |
Portfolio Turnover Rate3 | 20% | 56% | 51% | 56% | 66% | 57% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $27.61 | $27.00 | $26.06 | $26.70 | $26.80 | $26.41 |
Investment Operations | ||||||
Net Investment Income | .2611 | .7131 | .7681 | .6561 | .5941 | .558 |
Net Realized and Unrealized Gain (Loss) on Investments | (.063) | .604 | .939 | (.641) | (.111) | .413 |
Total from Investment Operations | .198 | 1.317 | 1.707 | .015 | .483 | .971 |
Distributions | ||||||
Dividends from Net Investment Income | (.258) | (.707) | (.767) | (.655) | (.583) | (.560) |
Distributions from Realized Capital Gains | — | — | — | — | — | (.021) |
Total Distributions | (.258) | (.707) | (.767) | (.655) | (.583) | (.581) |
Net Asset Value, End of Period | $27.55 | $27.61 | $27.00 | $26.06 | $26.70 | $26.80 |
Total Return | 0.72% | 4.96% | 6.66% | 0.07% | 1.84% | 3.72% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,012 | $1,661 | $1,633 | $1,706 | $1,515 | $1,020 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 1.91% | 2.63% | 2.92% | 2.50% | 2.23% | 2.13% |
Portfolio Turnover Rate2 | 20% | 56% | 51% | 56% | 66% | 57% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 27,821 | — | 27,821 |
Corporate Bonds | — | 44,806,146 | — | 44,806,146 |
Temporary Cash Investments | 62,931 | — | — | 62,931 |
Total | 62,931 | 44,833,967 | — | 44,896,898 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 66 | — | — | 66 |
Liabilities | ||||
Futures Contracts1 | 101 | — | — | 101 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 43,936,947 |
Gross Unrealized Appreciation | 1,040,975 |
Gross Unrealized Depreciation | (81,059) |
Net Unrealized Appreciation (Depreciation) | 959,916 |
E. | During the six months ended February 28, 2021, the fund purchased $15,910,820,000 of investment securities and sold $8,633,453,000 of investment securities, other than U.S. government securities and temporary cash investments. Purchases and sales of U.S. government securities were $2,603,676,000 and $2,589,962,000, respectively. Purchases and sales include $9,077,499,000 and $2,959,475,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 9,260,787 | 111,750 | 15,381,735 | 189,581 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (3,016,731) | (36,400) | (8,714,004) | (108,500) | |
Net Increase (Decrease)—ETF Shares | 6,244,056 | 75,350 | 6,667,731 | 81,081 | |
Admiral Shares | |||||
Issued | 1,257,459 | 55,696 | 2,392,625 | 108,113 | |
Issued in Lieu of Cash Distributions | 34,980 | 1,552 | 91,744 | 4,151 | |
Redeemed | (858,806) | (38,051) | (2,180,407) | (99,225) | |
Net Increase (Decrease)—Admiral Shares | 433,633 | 19,197 | 303,962 | 13,039 | |
Institutional Shares | |||||
Issued | 415,027 | 15,020 | 491,624 | 18,281 | |
Issued in Lieu of Cash Distributions | 14,642 | 530 | 34,136 | 1,261 | |
Redeemed | (73,445) | (2,660) | (536,885) | (19,854) | |
Net Increase (Decrease)—Institutional Shares | 356,224 | 12,890 | (11,125) | (312) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
Corporate Bonds – Communications | 7.9% |
Corporate Bonds – Consumer Discretionary | 6.1 |
Corporate Bonds – Consumer Staples | 6.9 |
Corporate Bonds – Energy | 7.2 |
Corporate Bonds – Financials | 29.9 |
Corporate Bonds – Health Care | 9.6 |
Corporate Bonds – Industrials | 7.4 |
Corporate Bonds – Materials | 2.9 |
Corporate Bonds – Real Estate | 6.4 |
Corporate Bonds – Technology | 9.2 |
Corporate Bonds – Utilities | 6.5 |
U.S. Government and Agency Obligations | 0.0 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | Percentage of Net Assets | ||
U.S. Government and Agency Obligations | ||||||
†U.S. Government Securities (Cost $367) | 369 | 0.00% | ||||
Corporate Bonds | ||||||
Communications | ||||||
AT&T Inc. | 1.650%–4.350% | 2/15/27–3/1/29 | 222,427 | 240,681 | 0.54% | |
AT&T Inc.1 | 4.100%–4.300% | 2/15/28–2/15/30 | 111,725 | 127,707 | 0.28% | |
Comcast Corp. | 1.500%–4.250% | 3/1/26–2/15/31 | 468,128 | 507,030 | 1.13% | |
TCI Communications Inc. | 7.125% | 2/15/28 | 6,440 | 8,606 | 0.02% | |
T-Mobile USA Inc.1,2 | 2.050%–3.875% | 4/15/27–2/15/31 | 357,897 | 385,334 | 0.86% | |
Verizon Communications Inc. | 1.500%–4.329% | 8/15/26–1/20/31 | 458,806 | 502,409 | 1.10% | |
Verizon Communications Inc.1,2 | 1.680% | 10/30/30 | 33,751 | 31,943 | 0.07% | |
Walt Disney Co. | 2.000%–3.800% | 11/15/26–1/13/31 | 173,981 | 184,842 | 0.42% | |
† | Other1,2 | 1,536,066 | 3.39% | |||
3,524,618 | 7.81% | |||||
Consumer Discretionary | ||||||
General Motors Financial Co. Inc. | 2.350%–5.650% | 3/1/26–1/8/31 | 167,352 | 184,843 | 0.41% | |
Home Depot Inc. | 0.900%–3.900% | 4/1/26–3/15/31 | 203,315 | 217,732 | 0.49% | |
Lowe's Cos. Inc. | 1.300%–4.500% | 4/15/26–10/15/30 | 175,356 | 188,120 | 0.42% | |
† | Other1,2,3 | 2,124,933 | 4.70% | |||
2,715,628 | 6.02% | |||||
Consumer Staples | ||||||
Anheuser-Busch InBev Worldwide Inc. | 3.500%–4.900% | 4/13/28–1/23/31 | 214,131 | 246,448 | 0.55% | |
BAT Capital Corp. | 2.259%–4.906% | 9/6/26–4/2/30 | 202,361 | 216,931 | 0.48% | |
Coca-Cola Co. | 1.000%–3.450% | 6/1/26–6/1/30 | 208,333 | 217,745 | 0.49% | |
PepsiCo Inc. | 1.625%–7.000% | 2/24/26–5/1/30 | 179,211 | 192,784 | 0.42% | |
Walmart Inc. | 2.375%–5.875% | 7/8/26–9/24/29 | 153,217 | 171,878 | 0.38% |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | Percentage of Net Assets | ||
Walmart Inc.4 | 7.550% | 2/15/30 | 5,517 | 8,067 | 0.02% | |
† | Other1 | 2,021,331 | 4.48% | |||
��� | 3,075,184 | 6.82% | ||||
Energy | ||||||
BP Capital Markets America Inc.1 | 3.017%–3.588% | 5/4/26–4/14/27 | 67,094 | 72,853 | 0.16% | |
BP Capital Markets America Inc. | 1.749%–4.234% | 4/6/27–8/10/30 | 129,816 | 144,850 | 0.32% | |
Exxon Mobil Corp. | 2.275%–3.482% | 3/1/26–10/15/30 | 217,386 | 232,673 | 0.52% | |
MPLX LP | 1.750%–4.800% | 3/1/26–8/15/30 | 158,290 | 170,819 | 0.38% | |
Sabine Pass Liquefaction LLC | 4.200%–5.875% | 6/30/26–5/15/30 | 148,470 | 170,003 | 0.37% | |
Shell International Finance BV | 2.375%–3.875% | 5/10/26–4/6/30 | 159,736 | 170,539 | 0.38% | |
† | Other1,2,3 | 2,245,949 | 4.98% | |||
3,207,686 | 7.11% | |||||
Financials | ||||||
Bank of America Corp.1 | 1.898%–4.450% | 3/3/26–10/24/31 | 1,179,290 | 1,290,860 | 2.89% | |
Bank of America Corp. | 6.220% | 9/15/26 | 6,924 | 8,678 | 0.02% | |
Barclays plc | 2.645%–5.200% | 1/12/26–9/23/35 | 174,040 | 189,603 | 0.43% | |
Barclays plc1 | 4.972%–5.088% | 5/16/29–6/20/30 | 57,707 | 67,312 | 0.15% | |
Citigroup Inc. | 3.200%–6.625% | 3/9/26–7/25/28 | 329,180 | 372,511 | 0.83% | |
Citigroup Inc.1 | 2.572%–4.412% | 1/10/28–6/3/31 | 517,700 | 568,827 | 1.27% | |
E*TRADE Financial Corp. | 3.800%–4.500% | 8/24/27–6/20/28 | 18,745 | 21,468 | 0.04% | |
Goldman Sachs Group Inc. | 1.992%–5.950% | 2/25/26–1/27/32 | 325,456 | 355,225 | 0.79% | |
Goldman Sachs Group Inc.1 | 3.691%–4.223% | 6/5/28–5/1/29 | 210,470 | 238,486 | 0.52% | |
HSBC Holdings plc | 1.589%–4.950% | 3/8/26–3/31/30 | 278,168 | 311,693 | 0.69% | |
HSBC Holdings plc1 | 2.013%–4.583% | 3/13/28–8/18/31 | 298,642 | 325,689 | 0.73% | |
JPMorgan Chase & Co. | 1.040%–8.000% | 9/10/24–2/4/32 | 337,442 | 372,970 | 0.83% | |
JPMorgan Chase & Co.1 | 2.182%–8.750% | 2/1/28–5/13/31 | 792,559 | 877,062 | 1.96% | |
Lloyds Banking Group plc | 3.750%–4.650% | 3/24/26–8/16/28 | 124,501 | 141,967 | 0.31% | |
Lloyds Banking Group plc1 | 3.574% | 11/7/28 | 34,434 | 37,905 | 0.08% | |
Mitsubishi UFJ Financial Group Inc. | 2.048%–4.050% | 3/1/26–7/17/30 | 300,927 | 326,700 | 0.72% | |
Mizuho Financial Group Inc.1 | 1.979%–4.254% | 5/25/26–9/8/31 | 127,328 | 131,581 | 0.30% | |
Mizuho Financial Group Inc. | 1.234%–4.018% | 9/13/26–3/5/28 | 67,018 | 73,282 | 0.16% | |
Morgan Stanley1 | 1.794%–6.250% | 7/27/26–2/13/32 | 537,318 | 592,243 | 1.32% | |
Morgan Stanley | 3.625%–3.950% | 1/20/27–4/23/27 | 121,585 | 136,633 | 0.31% | |
Natwest Group plc | 4.800% | 4/5/26 | 15,192 | 17,423 | 0.04% | |
Natwest Group plc1 | 3.032%–5.076% | 5/22/28–11/28/35 | 170,272 | 191,918 | 0.43% | |
Sumitomo Mitsui Financial Group Inc. | 1.710%–4.306% | 3/9/26–1/12/31 | 426,431 | 455,521 | 1.00% | |
Wachovia Corp. | 7.574% | 8/1/26 | 4,939 | 6,307 | 0.01% | |
Wells Fargo & Co.1 | 2.164%–4.478% | 2/11/26–4/4/31 | 568,163 | 624,927 | 1.37% | |
Wells Fargo & Co. | 3.000%–3.000% | 4/22/26–10/23/26 | 162,902 | 176,212 | 0.39% | |
Westpac Banking Corp. | 2.650%–4.110% | 5/13/26–11/15/35 | 187,334 | 203,091 | 0.46% | |
Westpac Banking Corp.1 | 4.322% | 11/23/31 | 34,455 | 38,417 | 0.08% | |
† | Other1,2,3 | 5,208,560 | 11.50% | |||
13,363,071 | 29.63% | |||||
Health Care | ||||||
AbbVie Inc. | 2.950%–4.250% | 5/14/26–11/21/29 | 299,642 | 328,990 | 0.73% | |
Bristol-Myers Squibb Co. | 1.125%–3.900% | 6/15/26–11/13/30 | 275,874 | 304,258 | 0.67% | |
Cigna Corp.1 | 3.050%–3.400% | 3/1/27–10/15/27 | 39,069 | 42,790 | 0.10% | |
Cigna Corp. | 2.400%–4.375% | 10/15/28–3/15/30 | 132,195 | 146,419 | 0.33% |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | Percentage of Net Assets | ||
CVS Health Corp. | 1.300%–6.250% | 6/1/26–8/21/30 | 396,343 | 432,588 | 0.95% | |
Johnson & Johnson | 0.950%–6.950% | 3/1/26–9/1/30 | 177,842 | 185,884 | 0.41% | |
Pfizer Inc. | 1.700%–3.600% | 6/3/26–5/28/30 | 190,208 | 204,869 | 0.46% | |
UnitedHealth Group Inc. | 1.250%–3.875% | 1/15/26–5/15/30 | 176,641 | 193,597 | 0.43% | |
† | Other1,2 | 2,458,555 | 5.45% | |||
4,297,950 | 9.53% | |||||
Industrials | ||||||
Boeing Co. | 2.250%–5.150% | 5/1/26–2/1/31 | 327,175 | 354,581 | 0.78% | |
Raytheon Technologies Corp. | 2.250%–7.500% | 11/1/26–7/1/30 | 184,211 | 209,965 | 0.47% | |
† | Other1,2,3 | 2,758,258 | 6.12% | |||
3,322,804 | 7.37% | |||||
†Materials1,2 | 1,322,146 | 2.93% | ||||
Real Estate | ||||||
American Tower Corp. | 1.500%–3.950% | 10/15/26–10/15/30 | 201,528 | 216,141 | 0.47% | |
† | Other1,3 | 2,666,568 | 5.92% | |||
2,882,709 | 6.39% | |||||
Technology | ||||||
Apple Inc. | 1.200%–3.350% | 8/4/26–2/8/31 | 509,756 | 532,001 | 1.18% | |
Broadcom Corp. | 3.500%–3.875% | 1/15/27–1/15/28 | 140,706 | 153,576 | 0.34% | |
Broadcom Inc. | 3.459%–5.000% | 4/15/26–11/15/30 | 334,333 | 375,628 | 0.83% | |
Broadcom Inc.1,2 | 1.950%–2.450% | 2/15/28–2/15/31 | 45,300 | 44,087 | 0.10% | |
CA Inc. | 4.700% | 3/15/27 | 6,719 | 7,582 | 0.02% | |
Dell International LLC1,2 | 4.900%–6.200% | 6/15/26–7/15/30 | 225,810 | 268,491 | 0.59% | |
Fiserv Inc. | 2.250%–4.200% | 7/1/26–6/1/30 | 177,058 | 193,240 | 0.43% | |
International Business Machines Corp. | 1.700%–6.500% | 5/15/26–5/15/30 | 220,565 | 240,824 | 0.53% | |
Microsoft Corp. | 2.400%–3.300% | 8/8/26–2/6/27 | 181,061 | 197,296 | 0.44% | |
Oracle Corp. | 2.650%–3.250% | 7/15/26–5/15/30 | 268,152 | 289,296 | 0.63% | |
† | Other1,2,3 | 1,800,653 | 4.01% | |||
4,102,674 | 9.10% | |||||
Utilities | ||||||
Pacific Gas & Electric Co. | 2.100%–4.550% | 1/1/26–2/1/31 | 199,239 | 214,299 | 0.48% | |
† | Other1,2,3 | 2,684,698 | 5.95% | |||
2,898,997 | 6.43% | |||||
Total Corporate Bonds (Cost $43,787,667) | 44,713,467 | 99.14% |
Coupon | Shares | Market Value• ($000) | Percentage of Net Assets | |||
Temporary Cash Investments | ||||||
Money Market Fund | ||||||
Vanguard Market Liquidity Fund5 (Cost $67,183) | 0.099% | 671,826 | 67,183 | 0.15% | ||
Total Investments (Cost $43,855,217) | 44,781,019 | 99.29% | ||||
Other Assets and Liabilities—Net | 322,186 | 0.71% | ||||
Net Assets | 45,103,205 | 100.00% |
Cost is in $000. | |
• | See Note A in Notes to Financial Statements. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
1 | The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called. |
2 | Certain securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2021, the aggregate value of these securities was $1,330,940,000, representing 3.0% of net assets. |
3 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2021. |
4 | Securities with a value of $1,551,000 have been segregated as initial margin for open futures contracts. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
Ultra 10-Year U.S. Treasury Note | June 2021 | 1,263 | 186,095 | (810) |
Short Futures Contracts | ||||
5-Year U.S. Treasury Note | June 2021 | (1,479) | (183,350) | 1,346 |
536 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $43,788,034) | 44,713,836 |
Affiliated Issuers (Cost $67,183) | 67,183 |
Total Investments in Securities | 44,781,019 |
Investment in Vanguard | 1,746 |
Receivables for Investment Securities Sold | 926,311 |
Receivables for Accrued Income | 391,486 |
Receivables for Capital Shares Issued | 724 |
Total Assets | 46,101,286 |
Liabilities | |
Due to Custodian | 2,534 |
Payables for Investment Securities Purchased | 987,727 |
Payables for Capital Shares Redeemed | 5,005 |
Payables for Distributions | 809 |
Payables to Vanguard | 1,079 |
Variation Margin Payable—Futures Contracts | 927 |
Total Liabilities | 998,081 |
Net Assets | 45,103,205 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 43,311,338 |
Total Distributable Earnings (Loss) | 1,791,867 |
Net Assets | 45,103,205 |
ETF Shares—Net Assets | |
Applicable to 456,185,305 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 43,152,573 |
Net Asset Value Per Share—ETF Shares | $94.59 |
Admiral Shares—Net Assets | |
Applicable to 61,108,595 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,557,655 |
Net Asset Value Per Share—Admiral Shares | $25.49 |
Institutional Shares—Net Assets | |
Applicable to 12,477,147 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 392,977 |
Net Asset Value Per Share—Institutional Shares | $31.50 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 513,607 |
Total Income | 513,607 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 487 |
Management and Administrative—ETF Shares | 8,546 |
Management and Administrative—Admiral Shares | 483 |
Management and Administrative—Institutional Shares | 88 |
Marketing and Distribution—ETF Shares | 1,009 |
Marketing and Distribution—Admiral Shares | 43 |
Marketing and Distribution—Institutional Shares | 7 |
Custodian Fees | 51 |
Shareholders’ Reports—ETF Shares | 207 |
Shareholders’ Reports—Admiral Shares | 4 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 5 |
Total Expenses | 10,930 |
Expenses Paid Indirectly | (40) |
Net Expenses | 10,890 |
Net Investment Income | 502,717 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 852,499 |
Futures Contracts | 1,081 |
Realized Net Gain (Loss) | 853,580 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (1,432,498) |
Futures Contracts | 555 |
Change in Unrealized Appreciation (Depreciation) | (1,431,943) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (75,646) |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $38,000, $0, and $0, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $644,125,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 502,717 | 922,768 | |
Realized Net Gain (Loss) | 853,580 | 638,698 | |
Change in Unrealized Appreciation (Depreciation) | (1,431,943) | 857,685 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (75,646) | 2,419,151 | |
Distributions | |||
ETF Shares | (569,902) | (856,258) | |
Admiral Shares | (21,368) | (42,509) | |
Institutional Shares | (5,521) | (12,870) | |
Total Distributions | (596,791) | (911,637) | |
Capital Share Transactions | |||
ETF Shares | 4,851,353 | 13,435,330 | |
Admiral Shares | 31,400 | 105,631 | |
Institutional Shares | 42,661 | (64,920) | |
Net Increase (Decrease) from Capital Share Transactions | 4,925,414 | 13,476,041 | |
Total Increase (Decrease) | 4,252,977 | 14,983,555 | |
Net Assets | |||
Beginning of Period | 40,850,228 | 25,866,673 | |
End of Period | 45,103,205 | 40,850,228 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $95.98 | $91.82 | $84.02 | $88.35 | $89.47 | $84.39 |
Investment Operations | ||||||
Net Investment Income | 1.1151 | 2.7611 | 3.1321 | 2.9351 | 2.8691 | 2.831 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.165) | 4.205 | 7.768 | (4.362) | (1.184) | 5.083 |
Total from Investment Operations | (.050) | 6.966 | 10.900 | (1.427) | 1.685 | 7.914 |
Distributions | ||||||
Dividends from Net Investment Income | (1.141) | (2.806) | (3.100) | (2.903) | (2.805) | (2.834) |
Distributions from Realized Capital Gains | (.199) | — | — | — | — | — |
Total Distributions | (1.340) | (2.806) | (3.100) | (2.903) | (2.805) | (2.834) |
Net Asset Value, End of Period | $94.59 | $95.98 | $91.82 | $84.02 | $88.35 | $89.47 |
Total Return | -0.07% | 7.78% | 13.33% | -1.62% | 1.98% | 9.58% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $43,153 | $38,944 | $24,080 | $19,302 | $16,699 | $10,048 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.34% | 2.99% | 3.65% | 3.44% | 3.30% | 3.34% |
Portfolio Turnover Rate2 | 22% | 72% | 59% | 65% | 65% | 71% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $25.86 | $24.71 | $22.61 | $23.78 | $24.08 | $22.71 |
Investment Operations | ||||||
Net Investment Income | .2991 | .7471 | .8391 | .7921 | .7741 | .764 |
Net Realized and Unrealized Gain (Loss) on Investments | (.319) | 1.138 | 2.097 | (1.175) | (.318) | 1.371 |
Total from Investment Operations | (.020) | 1.885 | 2.936 | (.383) | .456 | 2.135 |
Distributions | ||||||
Dividends from Net Investment Income | (.296) | (.735) | (.836) | (.787) | (.756) | (.765) |
Distributions from Realized Capital Gains | (.054) | — | — | — | — | — |
Total Distributions | (.350) | (.735) | (.836) | (.787) | (.756) | (.765) |
Net Asset Value, End of Period | $25.49 | $25.86 | $24.71 | $22.61 | $23.78 | $24.08 |
Total Return2 | -0.09% | 7.79% | 13.30% | -1.61% | 1.99% | 9.57% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,558 | $1,549 | $1,381 | $1,076 | $1,014 | $700 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.32% | 3.01% | 3.63% | 3.44% | 3.30% | 3.34% |
Portfolio Turnover Rate3 | 22% | 72% | 59% | 65% | 65% | 71% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include transaction or account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction and account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $31.95 | $30.53 | $27.94 | $29.38 | $29.75 | $28.06 |
Investment Operations | ||||||
Net Investment Income | .3721 | .9401 | 1.0441 | .9831 | .9621 | .949 |
Net Realized and Unrealized Gain (Loss) on Investments | (.387) | 1.394 | 2.584 | (1.446) | (.392) | 1.690 |
Total from Investment Operations | (.015) | 2.334 | 3.628 | (.463) | .570 | 2.639 |
Distributions | ||||||
Dividends from Net Investment Income | (.369) | (.914) | (1.038) | (.977) | (.940) | (.949) |
Distributions from Realized Capital Gains | (.066) | — | — | — | — | — |
Total Distributions | (.435) | (.914) | (1.038) | (.977) | (.940) | (.949) |
Net Asset Value, End of Period | $31.50 | $31.95 | $30.53 | $27.94 | $29.38 | $29.75 |
Total Return2 | -0.06% | 7.81% | 13.30% | -1.57% | 2.01% | 9.58% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $393 | $357 | $406 | $492 | $572 | $387 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 2.34% | 3.07% | 3.65% | 3.46% | 3.32% | 3.36% |
Portfolio Turnover Rate3 | 22% | 72% | 59% | 65% | 65% | 71% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include transaction fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended February 28, 2021, custodian fee offset arrangements reduced the fund’s expenses by $40,000 (an annual rate of less than 0.01% of average net assets). |
D. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 369 | — | 369 |
Corporate Bonds | — | 44,713,467 | — | 44,713,467 |
Temporary Cash Investments | 67,183 | — | — | 67,183 |
Total | 67,183 | 44,713,836 | — | 44,781,019 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 1,346 | — | — | 1,346 |
Liabilities | ||||
Futures Contracts1 | 810 | — | — | 810 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
E. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 43,861,237 |
Gross Unrealized Appreciation | 1,346,649 |
Gross Unrealized Depreciation | (426,331) |
Net Unrealized Appreciation (Depreciation) | 920,318 |
F. | During the six months ended February 28, 2021, the fund purchased $18,738,022,000 of investment securities and sold $13,725,199,000 of investment securities, other than U.S. government securities and temporary cash investments. Purchases and sales of U.S. government securities were $3,995,732,000 and $4,015,586,000, respectively. Purchases and sales include $13,045,625,000 and $8,237,677,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued1 | 13,235,113 | 137,847 | 21,977,106 | 236,975 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (8,383,760) | (87,400) | (8,541,776) | (93,500) | |
Net Increase (Decrease)—ETF Shares | 4,851,353 | 50,447 | 13,435,330 | 143,475 | |
Admiral Shares | |||||
Issued1 | 215,778 | 8,307 | 526,493 | 21,282 | |
Issued in Lieu of Cash Distributions | 17,018 | 658 | 34,053 | 1,371 | |
Redeemed | (201,396) | (7,771) | (454,915) | (18,616) | |
Net Increase (Decrease)—Admiral Shares | 31,400 | 1,194 | 105,631 | 4,037 | |
Institutional Shares | |||||
Issued1 | 70,317 | 2,184 | 139,541 | 4,570 | |
Issued in Lieu of Cash Distributions | 3,681 | 115 | 8,451 | 276 | |
Redeemed | (31,337) | (986) | (212,912) | (6,963) | |
Net Increase (Decrease)—Institutional Shares | 42,661 | 1,313 | (64,920) | (2,117) |
1 | Includes purchase fees for fiscal 2021 and 2020 of $702,000 and $1,686,000, respectively (fund totals). |
H. | Management has determined that no events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
Corporate Bonds – Communications | 13.9% |
Corporate Bonds – Consumer Discretionary | 5.3 |
Corporate Bonds – Consumer Staples | 8.3 |
Corporate Bonds – Energy | 9.0 |
Corporate Bonds – Financials | 14.7 |
Corporate Bonds – Health Care | 14.4 |
Corporate Bonds – Industrials | 9.2 |
Corporate Bonds – Materials | 3.7 |
Corporate Bonds – Real Estate | 1.5 |
Corporate Bonds – Technology | 7.9 |
Corporate Bonds – Utilities | 11.9 |
Taxable Municipal Bonds | 0.0 |
U.S. Government and Agency Obligations | 0.2 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | Percentage of Net Assets | ||
U.S. Government and Agency Obligations | ||||||
†U.S. Government Securities1 (Cost $9,583) | 9,657 | 0.15% | ||||
Corporate Bonds | ||||||
Communications | ||||||
AT&T Inc. | 2.250%–6.375% | 6/1/31–2/1/61 | 108,448 | 118,221 | 1.85% | |
AT&T Inc.2,3 | 2.550%–3.800% | 12/1/33–9/15/59 | 74,346 | 69,291 | 1.11% | |
AT&T Inc.3 | 5.150% | 11/15/46 | 1,871 | 2,248 | 0.04% | |
Charter Communications Operating LLC | 2.300%–6.834% | 4/1/31–4/1/61 | 57,797 | 65,903 | 1.04% | |
Charter Communications Operating LLC1 | 3.500%–3.900% | 6/1/41–6/1/52 | 6,500 | 6,320 | 0.10% | |
Comcast Corp. | 2.450%–7.050% | 1/15/33–8/15/62 | 108,656 | 127,929 | 2.05% | |
NBCUniversal Media LLC | 4.450%–6.400% | 4/30/40–1/15/43 | 8,958 | 12,066 | 0.18% | |
Time Warner Cable LLC | 4.500%–7.300% | 5/1/37–9/15/42 | 22,011 | 28,213 | 0.44% | |
Time Warner Entertainment Co. LP | 8.375% | 7/15/33 | 2,898 | 4,324 | 0.07% | |
T-Mobile USA Inc.2,3 | 2.250%–4.500% | 11/15/31–11/15/60 | 33,798 | 34,088 | 0.54% | |
Verizon Communications Inc. | 2.650%–6.400% | 8/10/33–11/20/60 | 93,106 | 107,326 | 1.71% | |
Verizon Communications Inc.2,3 | 2.987% | 10/30/56 | 11,366 | 10,276 | 0.16% | |
Vodafone Group plc | 4.250%–6.250% | 11/30/32–6/19/59 | 27,644 | 34,370 | 0.55% | |
Walt Disney Co. | 2.750%–7.750% | 3/15/33–5/13/60 | 39,966 | 50,354 | 0.82% | |
† | Other1,2,3 | 193,823 | 3.06% | |||
864,752 | 13.72% | |||||
Consumer Discretionary | ||||||
Amazon.com Inc. | 2.500%–4.950% | 12/5/34–6/3/60 | 37,476 | 44,089 | 0.69% |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | Percentage of Net Assets | ||
Home Depot Inc. | 1.375%–5.950% | 3/15/31–9/15/56 | 48,981 | 58,565 | 0.93% | |
McDonald's Corp.3 | 3.625%–6.300% | 12/9/35–4/1/50 | 28,297 | 33,631 | 0.54% | |
† | Other1,3 | 192,815 | 3.06% | |||
329,100 | 5.22% | |||||
Consumer Staples | ||||||
Altria Group Inc. | 2.450%–6.200% | 2/4/32–2/4/61 | 38,500 | 40,464 | 0.64% | |
Anheuser-Busch Cos. LLC3 | 4.700%–4.900% | 2/1/36–2/1/46 | 30,041 | 36,207 | 0.58% | |
Anheuser-Busch InBev Finance Inc. | 4.000%–4.900% | 2/1/36–2/1/46 | 17,646 | 20,564 | 0.33% | |
Anheuser-Busch InBev Worldwide Inc. | 3.750%–8.200% | 6/15/35–6/1/60 | 60,675 | 75,167 | 1.19% | |
PepsiCo Inc. | 1.400%–5.500% | 2/25/31–3/19/60 | 32,082 | 36,636 | 0.59% | |
Walmart Inc. | 2.950%–6.500% | 9/1/35–9/24/49 | 36,470 | 46,693 | 0.74% | |
† | Other2,3 | 259,561 | 4.10% | |||
515,292 | 8.17% | |||||
Energy | ||||||
Energy Transfer Operating LP | 4.900%–7.500% | 3/15/35–5/15/50 | 31,912 | 36,095 | 0.58% | |
Energy Transfer Operating LP3 | 5.800% | 6/15/38 | 1,027 | 1,148 | 0.02% | |
Enterprise Products Operating LLC3 | 6.650%–6.875% | 3/1/33–10/15/34 | 1,972 | 2,688 | 0.04% | |
Enterprise Products Operating LLC | 3.200%–7.550% | 4/15/38–1/31/60 | 39,120 | 45,213 | 0.72% | |
Exxon Mobil Corp. | 2.995%–4.327% | 8/16/39–4/15/51 | 33,302 | 36,444 | 0.57% | |
Kinder Morgan Energy Partners LP | 4.700%–7.750% | 3/15/31–9/1/44 | 23,325 | 29,672 | 0.47% | |
Kinder Morgan Energy Partners LP3 | 6.950% | 1/15/38 | 2,417 | 3,238 | 0.05% | |
Shell International Finance BV | 3.125%–6.375% | 5/11/35–4/6/50 | 43,420 | 49,743 | 0.78% | |
TransCanada PipeLines Ltd. | 4.625%–7.625% | 3/1/34–3/15/49 | 24,285 | 30,765 | 0.47% | |
† | Other1,2,3 | 328,414 | 5.24% | |||
563,420 | 8.94% | |||||
Financials | ||||||
Bank of America Corp. | 6.110%–7.750% | 1/29/37–5/14/38 | 10,015 | 14,620 | 0.23% | |
Bank of America Corp.3 | 2.676%–5.875% | 4/24/38–10/24/51 | 65,283 | 74,868 | 1.20% | |
Bank of America NA3 | 6.000% | 10/15/36 | 2,101 | 3,003 | 0.05% | |
Berkshire Hathaway Finance Corp. | 2.500%–5.750% | 1/15/40–1/15/51 | 22,205 | 25,397 | 0.40% | |
Berkshire Hathaway Inc. | 4.500% | 2/11/43 | 2,003 | 2,498 | 0.04% | |
Citigroup Inc. | 4.650%–8.125% | 6/15/32–7/23/48 | 34,199 | 46,252 | 0.73% | |
Citigroup Inc.3 | 3.878%–5.316% | 1/24/39–4/24/48 | 6,115 | 7,533 | 0.12% | |
GE Capital Funding LLC2,3 | 4.550% | 5/15/32 | 2,790 | 3,233 | 0.05% | |
GE Capital International Funding Co. Unlimited Co. | 4.418% | 11/15/35 | 28,068 | 32,062 | 0.51% | |
Goldman Sachs Capital I | 6.345% | 2/15/34 | 1,516 | 2,054 | 0.03% | |
Goldman Sachs Group Inc. | 4.750%–6.750% | 2/15/33–10/21/45 | 36,614 | 52,020 | 0.83% |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | Percentage of Net Assets | ||
Goldman Sachs Group Inc.3 | 4.017%–4.800% | 10/31/38–7/8/44 | 12,163 | 15,047 | 0.24% | |
JPMorgan Chase & Co. | 1.764%–6.400% | 11/19/31–6/1/45 | 29,093 | 39,392 | 0.61% | |
JPMorgan Chase & Co.3 | 3.109%–4.260% | 7/24/38–4/22/51 | 40,869 | 46,121 | 0.73% | |
Morgan Stanley | 4.300%–7.250% | 4/1/32–1/22/47 | 17,237 | 22,844 | 0.35% | |
Morgan Stanley3 | 1.928%–5.597% | 4/28/32–1/25/52 | 26,032 | 30,221 | 0.47% | |
Wachovia Corp. | 5.500%–7.500% | 4/15/35–8/1/35 | 3,168 | 4,159 | 0.06% | |
Wells Fargo & Co.3 | 3.068%–5.950% | 12/15/36–4/4/51 | 44,002 | 52,465 | 0.83% | |
Wells Fargo & Co. | 3.900%–5.606% | 11/2/43–5/1/45 | 16,556 | 21,227 | 0.34% | |
Wells Fargo Bank NA | 5.950% | 8/26/36 | 1,770 | 2,404 | 0.04% | |
Wells Fargo Bank NA3 | 5.850%–6.600% | 2/1/37–1/15/38 | 4,848 | 6,868 | 0.11% | |
† | Other1,2,3 | 414,571 | 6.61% | |||
918,859 | 14.58% | |||||
Health Care | ||||||
AbbVie Inc. | 4.050%–4.875% | 3/15/35–11/21/49 | 66,804 | 79,423 | 1.26% | |
Aetna Inc. | 3.875%–6.750% | 6/15/36–8/15/47 | 10,719 | 12,582 | 0.21% | |
Amgen Inc. | 3.150%–6.400% | 2/1/39–6/15/51 | 33,518 | 39,892 | 0.63% | |
Amgen Inc.2,3 | 2.770% | 9/1/53 | 3,765 | 3,423 | 0.05% | |
Bristol-Myers Squibb Co. | 2.350%–5.000% | 6/15/39–11/13/50 | 37,413 | 44,871 | 0.72% | |
Cigna Corp. | 3.200%–4.900% | 8/15/38–3/15/50 | 18,128 | 21,112 | 0.33% | |
Cigna Corp.3 | 3.875%–6.125% | 11/15/41–10/15/47 | 9,491 | 11,315 | 0.18% | |
CVS Health Corp. | 1.875%–6.125% | 2/28/31–4/1/50 | 56,445 | 68,482 | 1.09% | |
Gilead Sciences Inc. | 2.600%–5.650% | 9/1/35–10/1/50 | 30,959 | 36,504 | 0.58% | |
Johnson & Johnson | 2.100%–5.950% | 5/15/33–9/1/60 | 37,913 | 43,304 | 0.69% | |
Pfizer Inc. | 2.550%–7.200% | 12/15/36–5/28/50 | 34,545 | 41,699 | 0.65% | |
UnitedHealth Group Inc. | 2.750%–6.875% | 7/15/35–5/15/60 | 54,405 | 64,136 | 0.99% | |
† | Other2,3 | 432,829 | 6.89% | |||
899,572 | 14.27% | |||||
Industrials | ||||||
Boeing Co. | 3.250%–6.875% | 2/15/33–5/1/60 | 54,020 | 62,315 | 0.99% | |
Burlington Northern Santa Fe LLC | 3.050%–6.200% | 8/15/36–2/15/51 | 35,116 | 42,934 | 0.69% | |
CSX Corp. | 2.500%–6.220% | 10/1/36–3/1/68 | 27,368 | 32,256 | 0.52% | |
General Electric Co.3 | 5.875%–6.875% | 3/15/32–1/10/39 | 21,834 | 29,439 | 0.46% | |
General Electric Co. | 4.125%–4.500% | 5/1/40–5/1/50 | 17,303 | 19,245 | 0.30% | |
Precision Castparts Corp. | 3.900%–4.375% | 1/15/43–6/15/45 | 2,062 | 2,321 | 0.04% | |
Raytheon Technologies Corp. | 3.125%–6.125% | 5/1/35–7/1/50 | 38,874 | 46,688 | 0.74% | |
Union Pacific Corp. | 3.250%–4.375% | 2/1/35–2/5/70 | 28,773 | 32,394 | 0.51% | |
Union Pacific Corp.3 | 3.550% | 8/15/39 | 893 | 980 | 0.02% | |
Union Pacific Corp.2,3 | 2.973% | 9/16/62 | 3,853 | 3,604 | 0.06% | |
† | Other3,4 | 301,648 | 4.77% | |||
573,824 | 9.10% | |||||
Materials | ||||||
Lubrizol Corp. | 6.500% | 10/1/34 | 658 | 964 | 0.02% | |
† | Other2,3 | 231,677 | 3.67% | |||
232,641 | 3.69% | |||||
†Real Estate 1,3 | 91,608 | 1.45% | ||||
Technology | ||||||
Apple Inc. | 2.375%–4.650% | 2/23/36–2/8/61 | 80,381 | 87,898 | 1.39% |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | Percentage of Net Assets | ||
Intel Corp. | 3.100%–4.950% | 12/15/32–3/25/60 | 34,644 | 41,130 | 0.65% | |
Microsoft Corp. | 2.525%–4.750% | 2/12/35–6/1/60 | 75,762 | 87,202 | 1.39% | |
Oracle Corp. | 3.600%–6.500% | 7/8/34–4/1/60 | 79,136 | 90,099 | 1.43% | |
† | Other1,2,3 | 183,600 | 2.91% | |||
489,929 | 7.77% | |||||
Utilities | ||||||
Berkshire Hathaway Energy Co.2,3 | 1.650%–4.250% | 5/15/31–5/15/51 | 7,650 | 7,987 | 0.13% | |
Berkshire Hathaway Energy Co. | 3.800%–6.125% | 4/1/36–1/15/49 | 10,828 | 13,661 | 0.21% | |
Consolidated Edison Co. of New York Inc.3 | 3.000%–6.750% | 3/1/35–12/1/60 | 17,819 | 21,237 | 0.32% | |
Consolidated Edison Co. of New York Inc. | 3.700%–5.700% | 6/15/40–11/15/59 | 13,699 | 16,480 | 0.25% | |
Duke Energy Carolinas LLC | 3.200%–6.450% | 10/15/32–8/15/49 | 17,011 | 20,920 | 0.32% | |
Duke Energy Corp. | 3.750%–4.800% | 12/15/45–6/15/49 | 7,078 | 7,944 | 0.13% | |
Duke Energy Florida LLC | 3.400%–6.400% | 9/15/37–7/15/48 | 8,562 | 10,763 | 0.18% | |
Duke Energy Indiana LLC | 2.750%–6.450% | 10/15/35–4/1/50 | 8,029 | 10,118 | 0.15% | |
Duke Energy Indiana LLC3 | 3.250%–4.900% | 7/15/43–10/1/49 | 2,142 | 2,461 | 0.04% | |
Duke Energy Ohio Inc. | 4.300% | 2/1/49 | 1,783 | 2,131 | 0.03% | |
Duke Energy Progress LLC | 2.500%–6.300% | 4/1/38–8/15/50 | 11,391 | 13,275 | 0.20% | |
Eastern Energy Gas Holdings LLC | 4.600%–4.800% | 11/1/43–12/15/44 | 1,710 | 2,028 | 0.03% | |
Eastern Energy Gas Holdings LLC3 | 3.900% | 11/15/49 | 450 | 486 | 0.01% | |
El Paso Electric Co. | 5.000%–6.000% | 5/15/35–12/1/44 | 1,712 | 2,161 | 0.03% | |
MidAmerican Energy Co. | 3.150%–6.750% | 12/30/31–4/15/50 | 8,738 | 10,363 | 0.17% | |
MidAmerican Energy Co.3 | 5.750%–5.800% | 11/1/35–10/15/36 | 2,713 | 3,755 | 0.06% | |
Nevada Power Co.3 | 3.125%–6.750% | 4/1/36–8/1/50 | 4,774 | 6,279 | 0.10% | |
Pacific Gas & Electric Co. | 3.300%–4.950% | 7/1/40–8/1/50 | 31,646 | 31,900 | 0.50% | |
PacifiCorp | 3.300%–7.700% | 11/15/31–3/15/51 | 14,406 | 18,501 | 0.29% | |
Piedmont Natural Gas Co. Inc. | 3.350%–4.650% | 8/1/43–6/1/50 | 1,996 | 2,122 | 0.03% | |
Progress Energy Inc. | 6.000%–7.750% | 3/1/31–12/1/39 | 2,807 | 3,827 | 0.06% | |
Southern California Edison Co. | 3.650%–6.050% | 1/15/34–2/1/50 | 12,683 | 14,716 | 0.24% | |
Southern California Edison Co.3 | 2.950%–5.950% | 4/1/35–2/1/51 | 16,241 | 18,484 | 0.30% | |
† | Other1,2,3 | 501,835 | 8.01% | |||
743,434 | 11.79% | |||||
Total Corporate Bonds (Cost $6,287,863) | 6,222,431 | 98.70% | ||||
†Taxable Municipal Bonds (Cost $465) | 503 | 0.01% |
Coupon | Shares | Market Value• ($000) | Percentage of Net Assets | |||
Temporary Cash Investments | ||||||
Money Market Fund | ||||||
Vanguard Market Liquidity Fund5 (Cost $12,455) | 0.099% | 124,552 | 12,455 | 0.20% | ||
Total Investments (Cost $6,310,366) | 6,245,046 | 99.06% | ||||
Other Assets and Liabilities—Net | 59,196 | 0.94% | ||||
Net Assets | 6,304,242 | 100.00% |
Cost is in $000. | |
• | See Note A in Notes to Financial Statements. |
† | Represents the aggregate value, by category, of securities that are not among the 50 largest holdings and, in total for any issuer, represent 1% or less of net assets. |
1 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2021. |
2 | Certain securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2021, the aggregate value of these securities was $204,728,000, representing 3.2% of net assets. |
3 | The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called. |
4 | Securities with a value of $1,359,000 have been segregated as initial margin for open futures contracts. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
Long U.S. Treasury Bond | June 2021 | 98 | 15,603 | (141) |
Short Futures Contracts | ||||
Ultra Long U.S. Treasury Bond | June 2021 | (22) | (4,159) | 64 |
(77) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $6,297,911) | 6,232,591 |
Affiliated Issuers (Cost $12,455) | 12,455 |
Total Investments in Securities | 6,245,046 |
Investment in Vanguard | 248 |
Cash | 337 |
Receivables for Investment Securities Sold | 79,968 |
Receivables for Accrued Income | 66,139 |
Receivables for Capital Shares Issued | 452 |
Total Assets | 6,392,190 |
Liabilities | |
Payables for Investment Securities Purchased | 83,464 |
Payables for Capital Shares Redeemed | 3,409 |
Payables for Distributions | 168 |
Payables to Vanguard | 152 |
Variation Margin Payable—Futures Contracts | 755 |
Total Liabilities | 87,948 |
Net Assets | 6,304,242 |
At February 28, 2021, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 6,152,913 |
Total Distributable Earnings (Loss) | 151,329 |
Net Assets | 6,304,242 |
ETF Shares—Net Assets | |
Applicable to 54,826,726 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 5,703,323 |
Net Asset Value Per Share—ETF Shares | $104.02 |
Admiral Shares—Net Assets | |
Applicable to 11,702,273 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 326,301 |
Net Asset Value Per Share—Admiral Shares | $27.88 |
Institutional Shares—Net Assets | |
Applicable to 7,936,745 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 274,618 |
Net Asset Value Per Share—Institutional Shares | $34.60 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 97,169 |
Total Income | 97,169 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 70 |
Management and Administrative—ETF Shares | 1,106 |
Management and Administrative—Admiral Shares | 97 |
Management and Administrative—Institutional Shares | 58 |
Marketing and Distribution—ETF Shares | 138 |
Marketing and Distribution—Admiral Shares | 9 |
Marketing and Distribution—Institutional Shares | 4 |
Custodian Fees | 71 |
Shareholders’ Reports—ETF Shares | 20 |
Shareholders’ Reports—Admiral Shares | 1 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 1 |
Total Expenses | 1,575 |
Net Investment Income | 95,594 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 243,033 |
Futures Contracts | 635 |
Realized Net Gain (Loss) | 243,668 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (434,425) |
Futures Contracts | (103) |
Change in Unrealized Appreciation (Depreciation) | (434,528) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (95,266) |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $10,000, $0, and $0, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $234,490,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 95,594 | 177,949 | |
Realized Net Gain (Loss) | 243,668 | 309,396 | |
Change in Unrealized Appreciation (Depreciation) | (434,528) | (172,927) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (95,266) | 314,418 | |
Distributions | |||
ETF Shares | (85,536) | (151,191) | |
Admiral Shares | (4,962) | (10,090) | |
Institutional Shares | (4,182) | (16,541) | |
Total Distributions | (94,680) | (177,822) | |
Capital Share Transactions | |||
ETF Shares | 661,600 | 1,024,186 | |
Admiral Shares | 16,266 | 53,933 | |
Institutional Shares | 14,737 | (284,804) | |
Net Increase (Decrease) from Capital Share Transactions | 692,603 | 793,315 | |
Total Increase (Decrease) | 502,657 | 929,911 | |
Net Assets | |||
Beginning of Period | 5,801,585 | 4,871,674 | |
End of Period | 6,304,242 | 5,801,585 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $107.01 | $102.86 | $88.35 | $94.07 | $96.37 | $85.25 |
Investment Operations | ||||||
Net Investment Income | 1.6551 | 3.7011 | 3.9361 | 3.8801 | 3.8971 | 3.905 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (2.984) | 4.189 | 14.458 | (5.722) | (2.356) | 11.127 |
Total from Investment Operations | (1.329) | 7.890 | 18.394 | (1.842) | 1.541 | 15.032 |
Distributions | ||||||
Dividends from Net Investment Income | (1.661) | (3.740) | (3.884) | (3.878) | (3.841) | (3.912) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.661) | (3.740) | (3.884) | (3.878) | (3.841) | (3.912) |
Net Asset Value, End of Period | $104.02 | $107.01 | $102.86 | $88.35 | $94.07 | $96.37 |
Total Return | -1.29% | 7.90% | 21.60% | -2.01% | 1.81% | 18.21% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $5,703 | $5,214 | $4,074 | $2,509 | $2,098 | $1,494 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 3.09% | 3.60% | 4.36% | 4.26% | 4.27% | 4.46% |
Portfolio Turnover Rate3 | 19% | 62% | 47% | 48% | 56% | 59% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.00, $.00, $.00, $.09, $.09, and $.03. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $28.68 | $27.55 | $23.65 | $25.18 | $25.79 | $22.80 |
Investment Operations | ||||||
Net Investment Income | .4421 | .9881 | 1.0531 | 1.0431 | 1.0471 | 1.047 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (.807) | 1.125 | 3.895 | (1.536) | (.625) | 2.991 |
Total from Investment Operations | (.365) | 2.113 | 4.948 | (.493) | .422 | 4.038 |
Distributions | ||||||
Dividends from Net Investment Income | (.435) | (.983) | (1.048) | (1.037) | (1.032) | (1.048) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.435) | (.983) | (1.048) | (1.037) | (1.032) | (1.048) |
Net Asset Value, End of Period | $27.88 | $28.68 | $27.55 | $23.65 | $25.18 | $25.79 |
Total Return3 | -1.31% | 7.87% | 21.64% | -2.00% | 1.84% | 18.21% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $326 | $320 | $256 | $186 | $161 | $90 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 3.08% | 3.58% | 4.34% | 4.26% | 4.27% | 4.46% |
Portfolio Turnover Rate4 | 19% | 62% | 47% | 48% | 56% | 59% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.00, $.00, $.00, $.03, $.02, and $.01. |
3 | Total returns do not include transaction or account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction and account service fees. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $35.59 | $34.18 | $29.36 | $31.25 | $32.02 | $28.31 |
Investment Operations | ||||||
Net Investment Income | .5521 | 1.2501 | 1.3141 | 1.2991 | 1.3061 | 1.306 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (.999) | 1.387 | 4.812 | (1.895) | (.790) | 3.710 |
Total from Investment Operations | (.447) | 2.637 | 6.126 | (.596) | .516 | 5.016 |
Distributions | ||||||
Dividends from Net Investment Income | (.543) | (1.227) | (1.306) | (1.294) | (1.286) | (1.306) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.543) | (1.227) | (1.306) | (1.294) | (1.286) | (1.306) |
Net Asset Value, End of Period | $34.60 | $35.59 | $34.18 | $29.36 | $31.25 | $32.02 |
Total Return3 | -1.30% | 7.91% | 21.58% | -1.95% | 1.81% | 18.22% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $275 | $268 | $541 | $786 | $528 | $384 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 3.09% | 3.68% | 4.36% | 4.28% | 4.29% | 4.48% |
Portfolio Turnover Rate4 | 19% | 62% | 47% | 48% | 56% | 59% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.00, $.00, $.00, $.03, $.03, and $.01. |
3 | Total returns do not include transaction fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction fees. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 9,657 | — | 9,657 |
Corporate Bonds | — | 6,222,431 | — | 6,222,431 |
Taxable Municipal Bonds | — | 503 | — | 503 |
Temporary Cash Investments | 12,455 | — | — | 12,455 |
Total | 12,455 | 6,232,591 | — | 6,245,046 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 64 | — | — | 64 |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 141 | — | — | 141 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 6,314,289 |
Gross Unrealized Appreciation | 143,016 |
Gross Unrealized Depreciation | (212,336) |
Net Unrealized Appreciation (Depreciation) | (69,320) |
E. | During the six months ended February 28, 2021, the fund purchased $4,158,264,000 of investment securities and sold $1,897,886,000 of investment securities, other than U.S. government securities and temporary cash investments. Purchases and sales of U.S. government securities were $350,265,000 and $1,906,359,000, respectively. Purchases and sales include $3,284,808,000 and $2,622,127,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued1 | 3,326,173 | 31,005 | 3,855,752 | 37,213 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (2,664,573) | (24,900) | (2,831,566) | (28,100) | |
Net Increase (Decrease)—ETF Shares | 661,600 | 6,105 | 1,024,186 | 9,113 | |
Admiral Shares | |||||
Issued1 | 63,656 | 2,186 | 140,978 | 5,094 | |
Issued in Lieu of Cash Distributions | 3,851 | 134 | 7,676 | 277 | |
Redeemed | (51,241) | (1,775) | (94,721) | (3,505) | |
Net Increase (Decrease)—Admiral Shares | 16,266 | 545 | 53,933 | 1,866 | |
Institutional Shares | |||||
Issued1 | 14,327 | 391 | 13,691 | 364 | |
Issued in Lieu of Cash Distributions | 4,182 | 117 | 14,985 | 440 | |
Redeemed | (3,772) | (104) | (313,480) | (9,109) | |
Net Increase (Decrease)—Institutional Shares | 14,737 | 404 | (284,804) | (8,305) |
1 | Includes purchase fees for fiscal 2021 and 2020 of $791,000 and $1,562,000, respectively (fund totals). |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
0 - 10 Years | 2.6% |
10 - 20 Years | 15.7 |
20 - 30 Years | 69.6 |
30 - 40 Years | 12.1 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (99.7%) | ||||||
Conventional Mortgage-Backed Securities (99.7%) | ||||||
1,2 | Freddie Mac Gold Pool | 2.000% | 1/1/28–12/1/31 | 8,622 | 8,947 | |
1,2 | Freddie Mac Gold Pool | 2.500% | 5/1/22–2/1/43 | 134,547 | 141,446 | |
1,2 | Freddie Mac Gold Pool | 3.000% | 1/1/26–6/1/49 | 469,156 | 497,852 | |
1,2 | Freddie Mac Gold Pool | 3.500% | 9/1/25–2/1/49 | 484,716 | 521,047 | |
1,2 | Freddie Mac Gold Pool | 4.000% | 3/1/24–6/1/49 | 283,257 | 309,015 | |
1,2 | Freddie Mac Gold Pool | 4.500% | 3/1/23–11/1/48 | 143,022 | 158,353 | |
1,2 | Freddie Mac Gold Pool | 5.000% | 12/1/21–11/1/48 | 42,417 | 48,162 | |
1,2 | Freddie Mac Gold Pool | 5.500% | 7/1/22–6/1/41 | 33,891 | 38,902 | |
1,2 | Freddie Mac Gold Pool | 6.000% | 1/1/24–5/1/40 | 19,996 | 23,295 | |
1,2 | Freddie Mac Gold Pool | 6.500% | 10/1/28–9/1/39 | 1,836 | 2,100 | |
1,2 | Freddie Mac Gold Pool | 7.000% | 7/1/28–12/1/38 | 156 | 176 | |
1,3,4 | Ginnie Mae I Pool | 2.500% | 6/20/27–3/15/51 | 460,721 | 495,832 | |
1,3,4 | Ginnie Mae I Pool | 3.000% | 1/15/26–3/15/51 | 893,443 | 938,418 | |
1,3,4 | Ginnie Mae I Pool | 3.500% | 12/20/25–3/15/51 | 850,285 | 910,592 | |
1,3 | Ginnie Mae I Pool | 4.000% | 7/15/24–3/15/51 | 459,154 | 496,306 | |
1 | Ginnie Mae I Pool | 4.500% | 8/15/33–7/20/50 | 239,231 | 262,961 | |
1 | Ginnie Mae I Pool | 5.000% | 5/15/33–12/20/49 | 90,452 | 101,097 | |
1 | Ginnie Mae I Pool | 5.500% | 10/15/32–7/20/49 | 14,222 | 16,281 | |
1 | Ginnie Mae I Pool | 6.000% | 4/15/28–9/20/41 | 4,827 | 5,581 | |
1 | Ginnie Mae I Pool | 6.500% | 5/15/24–9/20/40 | 606 | 713 | |
1 | Ginnie Mae I Pool | 7.000% | 10/15/27–11/20/38 | 49 | 59 | |
1,3 | Ginnie Mae II Pool | 2.000% | 11/20/50–3/15/51 | 321,647 | 349,579 | |
1,2,3 | UMBS Pool | 1.500% | 12/1/35–3/15/51 | 613,012 | 607,721 | |
1,2,3 | UMBS Pool | 2.000% | 4/1/23–3/15/51 | 2,284,829 | 2,349,171 | |
1,2,3 | UMBS Pool | 2.500% | 11/1/26–3/15/51 | 1,755,465 | 1,828,078 | |
1,2,3 | UMBS Pool | 3.000% | 11/1/25–3/15/51 | 1,821,344 | 1,927,424 | |
1,2,3 | UMBS Pool | 3.500% | 8/1/25–3/15/51 | 1,341,275 | 1,440,318 | |
1,2,3 | UMBS Pool | 4.000% | 4/1/24–3/15/51 | 993,425 | 1,082,708 | |
1,2,3 | UMBS Pool | 4.500% | 4/1/23–3/15/51 | 454,175 | 502,182 | |
1,2 | UMBS Pool | 5.000% | 2/1/22–3/1/50 | 155,142 | 175,340 | |
1,2 | UMBS Pool | 5.500% | 6/1/22–6/1/49 | 53,492 | 61,762 | |
1,2 | UMBS Pool | 6.000% | 4/1/23–6/1/41 | 31,863 | 37,296 | |
1,2 | UMBS Pool | 6.500% | 10/1/21–10/1/39 | 5,113 | 5,965 | |
1,2 | UMBS Pool | 7.000% | 12/1/22–10/1/37 | 371 | 429 | |
1,2 | UMBS Pool | 7.500% | 11/1/22 | 1 | 1 | |
15,345,109 | ||||||
Nonconventional Mortgage-Backed Securities (0.0%) | ||||||
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.290% | 2.209% | 12/1/41 | 39 | 40 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.310% | 1.893% | 9/1/37 | 18 | 19 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.473% | 1.969% | 3/1/43 | 155 | 157 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.560% | 2.302% | 7/1/43 | 440 | 455 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.597% | 2.371% | 6/1/43 | 55 | 56 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.624% | 2.424% | 10/1/37 | 26 | 27 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.627% | 2.002% | 3/1/38 | 3 | 3 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.656% | 2.443% | 10/1/42 | 67 | 67 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.668% | 2.236% | 11/1/39 | 8 | 9 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.684% | 2.350% | 8/1/39 | 22 | 23 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.690% | 2.212% | 10/1/39 | 12 | 12 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.690% | 2.326% | 9/1/42 | 212 | 223 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.700% | 2.075% | 12/1/40 | 53 | 56 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.722% | 3.087% | 5/1/42 | 23 | 25 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.770% | 2.547% | 5/1/42 | 12 | 13 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.793% | 3.360% | 8/1/42 | 55 | 56 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.794% | 2.615% | 3/1/42 | 30 | 32 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.805% | 2.274% | 11/1/41 | 37 | 41 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.810% | 2.185% | 12/1/40 | 1 | 1 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.810% | 2.310% | 10/1/40 | 5 | 5 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.813% | 2.198% | 1/1/42 | 44 | 47 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.813% | 2.213% | 11/1/41 | 8 | 8 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.815% | 2.224% | 12/1/41 | 28 | 30 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.815% | 2.315% | 11/1/40 | 2 | 3 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.815% | 3.095% | 5/1/41 | 15 | 16 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.818% | 2.573% | 9/1/40 | 63 | 66 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.820% | 2.195% | 3/1/41 | 50 | 53 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.823% | 2.291% | 12/1/39 | 49 | 52 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.825% | 2.200% | 2/1/41 | 2 | 2 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.828% | 2.747% | 2/1/42 | 38 | 41 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.830% | 2.205% | 4/1/41 | 18 | 18 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.835% | 2.210% | 1/1/40 | 1 | 1 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.864% | 3.614% | 5/1/40 | 1 | 1 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.909% | 3.659% | 4/1/37 | 5 | 5 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.640% | 2.154% | 11/1/43 | 60 | 63 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.660% | 2.160% | 10/1/37 | 5 | 5 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.695% | 2.825% | 2/1/37 | 10 | 10 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.745% | 2.120% | 12/1/40 | 10 | 11 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.840% | 2.840% | 6/1/37 | 21 | 23 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.859% | 2.246% | 2/1/42 | 11 | 12 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.880% | 2.772% | 6/1/40 | 8 | 9 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.880% | 2.813% | 6/1/41 | 22 | 23 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.887% | 2.422% | 12/1/39 | 6 | 6 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.896% | 2.528% | 9/1/40 | 26 | 27 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.900% | 2.797% | 6/1/40 | 9 | 9 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.910% | 3.726% | 2/1/41 | 37 | 39 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.910% | 3.910% | 2/1/41 | 2 | 2 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 2.085% | 4.085% | 3/1/38 | 5 | 5 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 1.500% | 2.125% | 11/20/40–12/20/42 | 178 | 183 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 1.500% | 2.250% | 7/20/41–8/20/41 | 53 | 55 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 1.500% | 2.875% | 4/20/41 | 2 | 3 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 1.500% | 3.000% | 1/20/41–2/20/41 | 165 | 172 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 2.000% | 3.375% | 5/20/41 | 1 | 1 | |
2,321 | ||||||
Total U.S. Government and Agency Obligations (Cost $15,091,446) | 15,347,430 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (15.6%) | ||||||
Money Market Fund (15.6%) | ||||||
6 | Vanguard Market Liquidity Fund (Cost $2,406,767) | 0.099% | 24,071,707 | 2,407,171 | ||
Total Investments (115.3%) (Cost $17,498,213) | 17,754,601 | |||||
Other Assets and Liabilities—Net (-15.3%) | (2,351,459) | |||||
Net Assets (100%) | 15,403,142 |
Cost is in $000. | |
• | See Note A in Notes to Financial Statements. |
1 | The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called. |
2 | The issuer was placed under federal conservatorship in September 2008; since that time, its daily operations have been managed by the Federal Housing Finance Agency and it receives capital from the U.S. Treasury, as needed to maintain a positive net worth, in exchange for senior preferred stock. |
3 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2021. |
4 | Securities with a value of $33,043,000 have been segregated as collateral for certain open To Be Announced (TBA) transactions. |
5 | Variable rate security; rate shown is effective rate at period end. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent based on current market conditions. |
6 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
12M—12-month. | |
1YR—1-year. | |
CMT—Constant Maturing Treasury Rate. | |
LIBOR—London Interbank Offered Rate. | |
UMBS—Uniform Mortgage-Backed Securities. |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $15,091,446) | 15,347,430 |
Affiliated Issuers (Cost $2,406,767) | 2,407,171 |
Total Investments in Securities | 17,754,601 |
Investment in Vanguard | 576 |
Receivables for Investment Securities Sold | 596,720 |
Receivables for Accrued Income | 32,673 |
Receivables for Capital Shares Issued | 57,272 |
Total Assets | 18,441,842 |
Liabilities | |
Due to Custodian | 1,062 |
Payables for Investment Securities Purchased | 3,032,860 |
Payables for Capital Shares Redeemed | 4,006 |
Payables for Distributions | 405 |
Payables to Vanguard | 367 |
Total Liabilities | 3,038,700 |
Net Assets | 15,403,142 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 15,141,520 |
Total Distributable Earnings (Loss) | 261,622 |
Net Assets | 15,403,142 |
ETF Shares—Net Assets | |
Applicable to 261,581,076 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 14,046,503 |
Net Asset Value Per Share—ETF Shares | $53.70 |
Admiral Shares—Net Assets | |
Applicable to 54,512,432 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,170,087 |
Net Asset Value Per Share—Admiral Shares | $21.46 |
Institutional Shares—Net Assets | |
Applicable to 6,413,930 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 186,552 |
Net Asset Value Per Share—Institutional Shares | $29.09 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 90,707 |
Total Income | 90,707 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 158 |
Management and Administrative—ETF Shares | 2,566 |
Management and Administrative—Admiral Shares | 335 |
Management and Administrative—Institutional Shares | 39 |
Marketing and Distribution—ETF Shares | 311 |
Marketing and Distribution—Admiral Shares | 31 |
Marketing and Distribution—Institutional Shares | 3 |
Custodian Fees | 53 |
Shareholders’ Reports—ETF Shares | 65 |
Shareholders’ Reports—Admiral Shares | 13 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 2 |
Total Expenses | 3,576 |
Net Investment Income | 87,131 |
Realized Net Gain (Loss) on Investment Securities Sold1 | (8,548) |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (136,997) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (58,414) |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $1,175,000, $0, and $0, respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 87,131 | 271,975 | |
Realized Net Gain (Loss) | (8,548) | 42,324 | |
Change in Unrealized Appreciation (Depreciation) | (136,997) | 218,341 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (58,414) | 532,640 | |
Distributions | |||
ETF Shares | (104,560) | (255,578) | |
Admiral Shares | (9,072) | (21,433) | |
Institutional Shares | (1,445) | (3,282) | |
Total Distributions | (115,077) | (280,293) | |
Capital Share Transactions | |||
ETF Shares | 2,561,022 | 1,098,083 | |
Admiral Shares | 24,598 | 298,089 | |
Institutional Shares | 18,096 | 48,576 | |
Net Increase (Decrease) from Capital Share Transactions | 2,603,716 | 1,444,748 | |
Total Increase (Decrease) | 2,430,225 | 1,697,095 | |
Net Assets | |||
Beginning of Period | 12,972,917 | 11,275,822 | |
End of Period | 15,403,142 | 12,972,917 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $54.36 | $53.26 | $51.38 | $53.00 | $53.79 | $53.05 |
Investment Operations | ||||||
Net Investment Income | .3371 | 1.1971 | 1.5641 | 1.3251 | 1.0591 | .967 |
Net Realized and Unrealized Gain (Loss) on Investments | (.543) | 1.146 | 1.859 | (1.683) | (.682) | .968 |
Total from Investment Operations | (.206) | 2.343 | 3.423 | (.358) | .377 | 1.935 |
Distributions | ||||||
Dividends from Net Investment Income | (.345) | (1.243) | (1.543) | (1.262) | (1.004) | (.955) |
Distributions from Realized Capital Gains | (.109) | — | — | — | (.163) | (.240) |
Total Distributions | (.454) | (1.243) | (1.543) | (1.262) | (1.167) | (1.195) |
Net Asset Value, End of Period | $53.70 | $54.36 | $53.26 | $51.38 | $53.00 | $53.79 |
Total Return | -0.38% | 4.45% | 6.80% | -0.67% | 0.74% | 3.70% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $14,047 | $11,643 | $10,316 | $7,193 | $4,252 | $2,837 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.26% | 2.22% | 3.01% | 2.56% | 2.00% | 1.85% |
Portfolio Turnover Rate2 | 168% | 218% | 190% | 279% | 339% | 380% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes 144%, 11%, 34%, 78%, 133%, and 175%, respectively, attributable to mortgage-dollar-roll activity. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $21.72 | $21.26 | $20.51 | $21.17 | $21.49 | $21.20 |
Investment Operations | ||||||
Net Investment Income | .1341 | .4701 | .6221 | .5281 | .4131 | .388 |
Net Realized and Unrealized Gain (Loss) on Investments | (.222) | .463 | .742 | (.674) | (.258) | .387 |
Total from Investment Operations | (.088) | .933 | 1.364 | (.146) | .155 | .775 |
Distributions | ||||||
Dividends from Net Investment Income | (.128) | (.473) | (.614) | (.514) | (.410) | (.389) |
Distributions from Realized Capital Gains | (.044) | — | — | — | (.065) | (.096) |
Total Distributions | (.172) | (.473) | (.614) | (.514) | (.475) | (.485) |
Net Asset Value, End of Period | $21.46 | $21.72 | $21.26 | $20.51 | $21.17 | $21.49 |
Total Return2 | -0.41% | 4.43% | 6.77% | -0.68% | 0.76% | 3.70% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,170 | $1,159 | $841 | $725 | $527 | $554 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.25% | 2.18% | 2.99% | 2.56% | 2.00% | 1.85% |
Portfolio Turnover Rate3 | 168% | 218% | 190% | 279% | 339% | 380% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Includes 144%, 11%, 34%, 78%, 133%, and 175%, respectively, attributable to mortgage-dollar-roll activity. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | ||||
2020 | 2019 | 2018 | 2017 | 2016 | ||
Net Asset Value, Beginning of Period | $29.44 | $28.81 | $27.79 | $28.69 | $29.12 | $28.73 |
Investment Operations | ||||||
Net Investment Income | .1831 | .6411 | .8461 | .7211 | .5711 | .532 |
Net Realized and Unrealized Gain (Loss) on Investments | (.297) | .636 | 1.011 | (.920) | (.353) | .522 |
Total from Investment Operations | (.114) | 1.277 | 1.857 | (.199) | .218 | 1.054 |
Distributions | ||||||
Dividends from Net Investment Income | (.177) | (.647) | (.837) | (.701) | (.560) | (.534) |
Distributions from Realized Capital Gains | (.059) | — | — | — | (.088) | (.130) |
Total Distributions | (.236) | (.647) | (.837) | (.701) | (.648) | (.664) |
Net Asset Value, End of Period | $29.09 | $29.44 | $28.81 | $27.79 | $28.69 | $29.12 |
Total Return | -0.39% | 4.48% | 6.80% | -0.68% | 0.79% | 3.72% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $187 | $171 | $119 | $70 | $52 | $47 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 1.26% | 2.20% | 3.01% | 2.58% | 2.02% | 1.87% |
Portfolio Turnover Rate2 | 168% | 218% | 190% | 279% | 339% | 380% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes 144%, 11%, 34%, 78%, 133%, and 175%, respectively, attributable to mortgage-dollar-roll activity. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 15,347,430 | — | 15,347,430 |
Temporary Cash Investments | 2,407,171 | — | — | 2,407,171 |
Total | 2,407,171 | 15,347,430 | — | 17,754,601 |
D. | As of February 28, 2021, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 17,503,766 |
Gross Unrealized Appreciation | 326,070 |
Gross Unrealized Depreciation | (75,235) |
Net Unrealized Appreciation (Depreciation) | 250,835 |
E. | During the six months ended February 28, 2021, the fund purchased $32,388,969,000 of investment securities and sold $23,714,549,000 of investment securities, other than temporary cash investments. Purchases and sales include $52,524,000 and $0, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 2,700,926 | 49,976 | 2,840,003 | 52,845 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (139,904) | (2,575) | (1,741,920) | (32,350) | |
Net Increase (Decrease)—ETF Shares | 2,561,022 | 47,401 | 1,098,083 | 20,495 | |
Admiral Shares | |||||
Issued | 324,708 | 15,020 | 684,698 | 31,678 | |
Issued in Lieu of Cash Distributions | 5,669 | 262 | 13,116 | 609 | |
Redeemed | (305,779) | (14,135) | (399,725) | (18,497) | |
Net Increase (Decrease)—Admiral Shares | 24,598 | 1,147 | 298,089 | 13,790 |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Institutional Shares | |||||
Issued | 21,807 | 744 | 74,790 | 2,567 | |
Issued in Lieu of Cash Distributions | 966 | 33 | 2,297 | 79 | |
Redeemed | (4,677) | (160) | (28,511) | (970) | |
Net Increase (Decrease)—Institutional Shares | 18,096 | 617 | 48,576 | 1,676 |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2021, that would require recognition or disclosure in these financial statements. |
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U.S. Pat. Nos. 6,879,964; 7,337,138; 7,720,749;
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Vanguard Marketing Corporation, Distributor.
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2021 | |||
Total Corporate Bond ETF | Beginning Account Value 8/31/2020 | Ending Account Value 2/28/2021 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $993.80 | $0.25 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.55 | 0.25 |
Vanguard Long-Term Corporate Bond ETF | 37.6% |
Vanguard Short-Term Corporate Bond ETF | 32.6 |
Vanguard Intermediate-Term Corporate Bond ETF | 29.8 |
Shares | Market Value• ($000) | |||||
Investment Companies (100.0%) | ||||||
U.S. Bond Funds (100.0%) | ||||||
Vanguard Long-Term Corporate Bond ETF | 3,318,824 | 345,357 | ||||
Vanguard Short-Term Corporate Bond ETF | 3,618,098 | 299,434 | ||||
Vanguard Intermediate-Term Corporate Bond ETF | 2,899,075 | 274,195 | ||||
Total Investment Companies (Cost $917,445) | 918,986 | |||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund, 0.099% (Cost $17) | 174 | 17 | |||
Total Investments (100.0%) (Cost $917,462) | 919,003 | |||||
Other Assets and Liabilities—Net (0.0%) | (3) | |||||
Net Assets (100%) | 919,000 |
Cost is in $000. | |
• | See Note A in Notes to Financial Statements. |
1 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value—Affiliated Funds (Cost $917,462) | 919,003 |
Receivables for Investment Securities Sold | 1,335 |
Total Assets | 920,338 |
Liabilities | |
Payables for Investment Securities Purchased | 1,338 |
Total Liabilities | 1,338 |
Net Assets | 919,000 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 916,202 |
Total Distributable Earnings (Loss) | 2,798 |
Net Assets | 919,000 |
Net Assets | |
Applicable to 10,110,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 919,000 |
Net Asset Value Per Share | $90.90 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Income Distributions Received from Affiliated Funds | 8,873 |
Net Investment Income—Note B | 8,873 |
Realized Net Gain (Loss) | |
Capital Gain Distributions Received from Affiliated Funds | 430 |
Affiliated Funds Sold1 | 1,098 |
Realized Net Gain (Loss) | 1,528 |
Change in Unrealized Appreciation (Depreciation) from Affiliated Funds | (20,316) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (9,915) |
1 | Includes $1,702,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 8,873 | 11,005 | |
Realized Net Gain (Loss) | 1,528 | 1,932 | |
Change in Unrealized Appreciation (Depreciation) | (20,316) | 12,234 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (9,915) | 25,171 | |
Distributions | |||
Total Distributions | (8,869) | (11,058) | |
Capital Share Transactions | |||
Issued | 336,758 | 468,094 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (17,658) | (66,422) | |
Net Increase (Decrease) from Capital Share Transactions | 319,100 | 401,672 | |
Total Increase (Decrease) | 300,316 | 415,785 | |
Net Assets | |||
Beginning of Period | 618,684 | 202,899 | |
End of Period | 919,000 | 618,684 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2021 | Year Ended August 31, | November 07, 20171 to August 31, 2018 | |
2020 | 2019 | |||
Net Asset Value, Beginning of Period | $92.62 | $89.19 | $81.59 | $85.00 |
Investment Operations | ||||
Net Investment Income2 | 1.137 | 2.638 | 2.825 | 2.081 |
Capital Gain Distributions Received2 | .055 | — | — | — |
Net Realized and Unrealized Gain (Loss) on Investments | (1.750) | 3.614 | 7.717 | (3.445) |
Total from Investment Operations | (.558) | 6.252 | 10.542 | (1.364) |
Distributions | ||||
Dividends from Net Investment Income | (1.162) | (2.822) | (2.942) | (2.046) |
Distributions from Realized Capital Gains | — | — | — | — |
Total Distributions | (1.162) | (2.822) | (2.942) | (2.046) |
Net Asset Value, End of Period | $90.90 | $92.62 | $89.19 | $81.59 |
Total Return | -0.62% | 7.18% | 13.29% | -1.60% |
Ratios/Supplemental Data | ||||
Net Assets, End of Period (Millions) | $919 | $619 | $203 | $55 |
Ratio of Total Expenses to Average Net Assets | — | — | — | —3 |
Acquired Fund Fees and Expenses | 0.05% | 0.05% | 0.05% | 0.07%3 |
Ratio of Net Investment Income to Average Net Assets | 2.47% | 2.94% | 3.38% | 3.10%3 |
Portfolio Turnover Rate4 | 5% | 40% | 12% | 4% |
The expense ratio, acquired fund fees and expenses, and net investment income ratio for the current period have been annualized. |
1 | Inception. |
2 | Calculated based on average shares outstanding. |
3 | Annualized. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Amount ($000) | |
Tax Cost | 917,763 |
Gross Unrealized Appreciation | 13,632 |
Gross Unrealized Depreciation | (12,392) |
Net Unrealized Appreciation (Depreciation) | 1,240 |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
Shares (000) | Shares (000) | ||
Issued | 3,620 | 5,185 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (190) | (780) | |
Net Increase (Decrease) in Shares Outstanding | 3,430 | 4,405 |
Current Period Transactions | ||||||||
Aug. 31, 2020 Market Value ($000) | Purchases at Cost ($000)1 | Proceeds from Securities Sold2 ($000) | Realized Net Gain (Loss) ($000) | Change in Unrealized App. (Dep.) ($000) | Income ($000) | Capital Gain Distributions Received ($000) | Feb. 28, 2021 Market Value ($000) | |
Vanguard Intermediate-Term Corporate Bond ETF | 186,253 | 105,233 | 12,007 | 488 | (5,772) | 2,508 | 430 | 274,195 |
Vanguard Long-Term Corporate Bond ETF | 235,157 | 147,106 | 24,149 | 390 | (13,147) | 4,184 | — | 345,357 |
Vanguard Market Liquidity Fund | 14 | NA3 | NA3 | — | — | — | — | 17 |
Vanguard Short-Term Corporate Bond ETF | 197,267 | 122,227 | 18,883 | 220 | (1,397) | 2,181 | — | 299,434 |
Total | 618,691 | 374,566 | 55,039 | 1,098 | (20,316) | 8,873 | 430 | 919,003 |
1 | Includes $336,736,000 of portfolio securities received as a result of in-kind purchases of the fund’s capital shares. |
2 | Includes $17,656,000 of portfolio securities delivered as a result of in-kind redemptions of the fund’s capital shares. |
3 | Not applicable—purchases and sales are for temporary cash investment purposes. |
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• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2021 | |||
Total World Bond ETF | Beginning Account Value 8/31/2020 | Ending Account Value 2/28/2021 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $990.00 | $0.30 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.50 | 0.30 |
Vanguard Total International Bond ETF | 53.8% |
Vanguard Total Bond Market ETF | 46.2 |
Shares | Market Value• ($000) | |||||
Investment Companies (100.0%) | ||||||
U.S. Bond Fund (46.3%) | ||||||
Vanguard Total Bond Market ETF | 2,946,488 | 253,221 | ||||
International Bond Fund (53.7%) | ||||||
Vanguard Total International Bond ETF | 5,147,546 | 294,285 | ||||
Total Investment Companies (Cost $549,599) | 547,506 | |||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund, 0.099% (Cost $14) | 140 | 14 | |||
Total Investments (100.0%) (Cost $549,613) | 547,520 | |||||
Other Assets and Liabilities—Net (0.0%) | 1 | |||||
Net Assets (100%) | 547,521 |
Cost is in $000. | |
• | See Note A in Notes to Financial Statements. |
1 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value—Affiliated Funds (Cost $549,613) | 547,520 |
Receivables for Investment Securities Sold | 2,369 |
Total Assets | 549,889 |
Liabilities | |
Payables for Investment Securities Purchased | 2,368 |
Total Liabilities | 2,368 |
Net Assets | 547,521 |
At February 28, 2021, net assets consisted of: | |
Paid-in Capital | 549,076 |
Total Distributable Earnings (Loss) | (1,555) |
Net Assets | 547,521 |
Net Assets | |
Applicable to 6,830,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 547,521 |
Net Asset Value Per Share | $80.16 |
Six Months Ended February 28, 2021 | |
($000) | |
Investment Income | |
Income | |
Income Distributions Received from Affiliated Funds | 3,431 |
Net Investment Income—Note B | 3,431 |
Realized Net Gain (Loss) | |
Capital Gain Distributions Received from Affiliated Funds | 779 |
Affiliated Funds Sold1 | (152) |
Realized Net Gain (Loss) | 627 |
Change in Unrealized Appreciation (Depreciation) from Affiliated Funds | (10,268) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (6,210) |
1 | Includes $60,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 3,431 | 7,958 | |
Realized Net Gain (Loss) | 627 | 6,818 | |
Change in Unrealized Appreciation (Depreciation) | (10,268) | (1,953) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (6,210) | 12,823 | |
Distributions | |||
Total Distributions | (3,425) | (7,983) | |
Capital Share Transactions | |||
Issued | 110,224 | 384,254 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (819) | (101,259) | |
Net Increase (Decrease) from Capital Share Transactions | 109,405 | 282,995 | |
Total Increase (Decrease) | 99,770 | 287,835 | |
Net Assets | |||
Beginning of Period | 447,751 | 159,916 | |
End of Period | 547,521 | 447,751 |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | September 4, 20181 to August 31, 2019 | |
For a Share Outstanding Throughout Each Period | |||
Net Asset Value, Beginning of Period | $81.56 | $80.97 | $75.00 |
Investment Operations | |||
Net Investment Income2 | .578 | 2.125 | 2.004 |
Capital Gain Distributions Received2 | .131 | — | — |
Net Realized and Unrealized Gain (Loss) on Investments | (1.519) | .782 | 6.071 |
Total from Investment Operations | (.810) | 2.907 | 8.075 |
Distributions | |||
Dividends from Net Investment Income | (.590) | (2.317) | (2.105) |
Distributions from Realized Capital Gains | — | — | — |
Total Distributions | (.590) | (2.317) | (2.105) |
Net Asset Value, End of Period | $80.16 | $81.56 | $80.97 |
Total Return | -1.00% | 3.69% | 11.00% |
Ratios/Supplemental Data | |||
Net Assets, End of Period (Millions) | $548 | $448 | $160 |
Ratio of Total Expenses to Average Net Assets | — | — | —3 |
Acquired Fund Fees and Expenses | 0.06% | 0.06% | 0.06%3 |
Ratio of Net Investment Income to Average Net Assets | 1.43% | 2.64% | 2.62%3 |
Portfolio Turnover Rate4 | 5% | 19% | 8% |
The expense ratio, acquired fund fees and expenses, and net investment income ratio for the current period have been annualized. |
1 | Inception. |
2 | Calculated based on average shares outstanding. |
3 | Annualized. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Amount ($000) | |
Tax Cost | 549,701 |
Gross Unrealized Appreciation | 3,964 |
Gross Unrealized Depreciation | (6,145) |
Net Unrealized Appreciation (Depreciation) | (2,181) |
Six Months Ended February 28, 2021 | Year Ended August 31, 2020 | ||
Shares (000) | Shares (000) | ||
Issued | 1,350 | 4,775 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (10) | (1,260) | |
Net Increase (Decrease) in Shares Outstanding | 1,340 | 3,515 |
Current Period Transactions | ||||||||
Aug. 31, 2020 Market Value ($000) | Purchases at Cost ($000)1 | Proceeds from Securities Sold2 ($000) | Realized Net Gain (Loss) ($000) | Change in Unrealized App. (Dep.) ($000) | Income ($000) | Capital Gain Distributions Received ($000) | Feb. 28, 2021 Market Value ($000) | |
Vanguard Market Liquidity Fund | 14 | NA3 | NA3 | — | — | — | — | 14 |
Vanguard Total Bond Market ETF | 210,563 | 61,823 | 12,212 | (126) | (6,827) | 2,234 | 375 | 253,221 |
Vanguard Total International Bond ETF | 237,170 | 71,503 | 10,921 | (26) | (3,441) | 1,197 | 404 | 294,285 |
Total | 447,747 | 133,326 | 23,133 | (152) | (10,268) | 3,431 | 779 | 547,520 |
1 | Includes $110,213,000 of portfolio securities received as a result of in-kind purchases of the fund’s capital shares. |
2 | Includes $818,000 of portfolio securities delivered as a result of in-kind redemptions of the fund’s capital shares. |
3 | Not applicable—purchases and sales are for temporary cash investment purposes. |
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Item 2: Code of Ethics.
Not applicable.
Item 3: Audit Committee Financial Expert.
Not applicable.
Item 4: Principal Accountant Fees and Services.
(a) Audit Fees.
Not applicable.
Item 5: Audit Committee of Listed Registrants.
Not applicable.
Item 6: Investments.
Shares | Market Value ($000) | ||
Common Stocks (99.9%) | |||
Basic Materials (1.9%) | |||
Linde plc | 67,027 | 16,373 | |
Air Products and Chemicals Inc. | 28,173 | 7,202 | |
Ecolab Inc. | 31,772 | 6,652 | |
Freeport-McMoRan Inc. | 184,627 | 6,261 | |
Dow Inc. | 94,608 | 5,611 | |
Newmont Corp. | 102,426 | 5,570 | |
International Flavors & Fragrances Inc. | 31,738 | 4,301 | |
Fastenal Co. | 72,966 | 3,383 | |
LyondellBasell Industries NV Class A | 32,684 | 3,369 | |
International Paper Co. | 50,245 | 2,495 | |
Nucor Corp. | 38,530 | 2,305 | |
Albemarle Corp. | 14,568 | 2,290 | |
Celanese Corp. Class A | 14,900 | 2,070 | |
Eastman Chemical Co. | 17,362 | 1,897 | |
Avery Dennison Corp. | 10,667 | 1,869 | |
FMC Corp. | 16,467 | 1,675 | |
Mosaic Co. | 44,057 | 1,295 | |
CF Industries Holdings Inc. | 27,294 | 1,236 | |
Scotts Miracle-Gro Co. | 5,195 | 1,107 | |
Steel Dynamics Inc. | 25,537 | 1,062 | |
Reliance Steel & Aluminum Co. | 7,999 | 1,057 | |
Royal Gold Inc. | 8,297 | 860 | |
Southern Copper Corp. | 10,597 | 756 | |
Huntsman Corp. | 25,258 | 690 | |
Timken Co. | 8,128 | 637 | |
Valvoline Inc. | 23,585 | 589 | |
Ashland Global Holdings Inc. | 6,928 | 583 | |
Olin Corp. | 18,275 | 565 | |
Hexcel Corp. | 10,423 | 560 | |
Element Solutions Inc. | 27,975 | 505 | |
Chemours Co. | 20,793 | 489 | |
* | Univar Solutions Inc. | 21,444 | 427 |
W R Grace & Co. | 6,962 | 413 | |
Westlake Chemical Corp. | 4,305 | 368 | |
Cabot Corp. | 7,151 | 352 | |
NewMarket Corp. | 862 | 327 | |
GrafTech International Ltd. | 9,330 | 110 | |
87,311 | |||
Consumer Discretionary (16.5%) | |||
* | Amazon.com Inc. | 54,118 | 167,383 |
* | Tesla Inc. | 96,509 | 65,192 |
* | Walt Disney Co. | 230,667 | 43,605 |
Home Depot Inc. | 137,081 | 35,414 | |
* | Netflix Inc. | 54,274 | 29,246 |
Walmart Inc. | 177,922 | 23,116 | |
NIKE Inc. Class B | 156,442 | 21,085 | |
McDonald's Corp. | 95,014 | 19,586 | |
Costco Wholesale Corp. | 56,341 | 18,649 | |
Starbucks Corp. | 149,169 | 16,115 | |
Lowe's Cos. Inc. | 96,425 | 15,404 | |
* | Booking Holdings Inc. | 5,213 | 12,139 |
Target Corp. | 63,754 | 11,695 | |
TJX Cos. Inc. | 152,847 | 10,086 | |
Activision Blizzard Inc. | 97,415 | 9,314 | |
* | Uber Technologies Inc. | 175,856 | 9,101 |
General Motors Co. | 159,323 | 8,178 | |
Estee Lauder Cos. Inc. Class A | 28,259 | 8,078 | |
Dollar General Corp. | 32,087 | 6,064 |
Shares | Market Value ($000) | ||
Ford Motor Co. | 496,830 | 5,813 | |
Ross Stores Inc. | 44,510 | 5,192 | |
* | Spotify Technology SA | 16,682 | 5,128 |
* | Chipotle Mexican Grill Inc. Class A | 3,547 | 5,115 |
Aptiv plc | 34,131 | 5,114 | |
Marriott International Inc. Class A | 34,253 | 5,072 | |
Electronic Arts Inc. | 36,390 | 4,875 | |
eBay Inc. | 83,630 | 4,718 | |
* | Lululemon Athletica Inc. | 14,477 | 4,512 |
ViacomCBS Inc. Class B | 69,743 | 4,498 | |
Southwest Airlines Co. | 75,155 | 4,369 | |
Hilton Worldwide Holdings Inc. | 34,782 | 4,302 | |
* | Trade Desk Inc. Class A | 5,261 | 4,237 |
* | O'Reilly Automotive Inc. | 9,093 | 4,068 |
Yum! Brands Inc. | 38,401 | 3,976 | |
* | Peloton Interactive Inc. Class A | 32,362 | 3,899 |
Delta Air Lines Inc. | 81,266 | 3,896 | |
* | AutoZone Inc. | 2,974 | 3,450 |
* | Etsy Inc. | 15,050 | 3,315 |
VF Corp. | 41,103 | 3,252 | |
DR Horton Inc. | 42,156 | 3,241 | |
Yum China Holdings Inc. | 51,058 | 3,055 | |
* | Dollar Tree Inc. | 29,962 | 2,942 |
Best Buy Co. Inc. | 29,117 | 2,922 | |
* | Copart Inc. | 26,162 | 2,856 |
Lennar Corp. Class A | 34,171 | 2,835 | |
Expedia Group Inc. | 17,256 | 2,778 | |
* | Take-Two Interactive Software Inc. | 14,551 | 2,684 |
Las Vegas Sands Corp. | 42,358 | 2,652 | |
* | Wayfair Inc. Class A | 9,049 | 2,615 |
* | CarMax Inc. | 20,770 | 2,482 |
Garmin Ltd. | 19,084 | 2,367 | |
Tractor Supply Co. | 14,770 | 2,348 | |
Darden Restaurants Inc. | 16,646 | 2,286 | |
MGM Resorts International | 60,121 | 2,272 | |
* | Ulta Beauty Inc. | 6,834 | 2,203 |
Royal Caribbean Cruises Ltd. | 23,298 | 2,173 | |
* | Burlington Stores Inc. | 8,312 | 2,151 |
* | Carvana Co. Class A | 7,154 | 2,028 |
* | United Airlines Holdings Inc. | 36,741 | 1,936 |
* | NVR Inc. | 429 | 1,931 |
Genuine Parts Co. | 17,846 | 1,880 | |
Omnicom Group Inc. | 27,072 | 1,861 | |
* | Lyft Inc. Class A | 31,436 | 1,751 |
Wynn Resorts Ltd. | 13,192 | 1,738 | |
Carnival Corp. | 64,739 | 1,732 | |
Domino's Pizza Inc. | 4,950 | 1,715 | |
* | Discovery Inc. Class C | 37,128 | 1,671 |
Pool Corp. | 4,942 | 1,654 | |
L Brands Inc. | 29,351 | 1,604 | |
* | Live Nation Entertainment Inc. | 17,928 | 1,593 |
* | Chegg Inc. | 16,483 | 1,591 |
Vail Resorts Inc. | 5,067 | 1,567 | |
PulteGroup Inc. | 34,063 | 1,537 | |
* | LKQ Corp. | 38,694 | 1,524 |
Hasbro Inc. | 16,217 | 1,520 | |
Tapestry Inc. | 35,449 | 1,494 | |
Whirlpool Corp. | 7,799 | 1,482 | |
Fortune Brands Home & Security Inc. | 17,598 | 1,463 | |
American Airlines Group Inc. | 69,632 | 1,458 | |
Fox Corp. Class A | 43,450 | 1,447 |
Shares | Market Value ($000) | ||
BorgWarner Inc. | 31,126 | 1,401 | |
Advance Auto Parts Inc. | 8,305 | 1,332 | |
* | Five Below Inc. | 6,980 | 1,299 |
Interpublic Group of Cos. Inc. | 49,545 | 1,294 | |
Williams-Sonoma Inc. | 9,798 | 1,286 | |
* | Mohawk Industries Inc. | 7,332 | 1,283 |
* | Zynga Inc. Class A | 113,129 | 1,261 |
Lear Corp. | 7,580 | 1,259 | |
* | Bright Horizons Family Solutions Inc. | 7,623 | 1,217 |
* | Norwegian Cruise Line Holdings Ltd. | 40,499 | 1,197 |
News Corp. Class A | 50,275 | 1,179 | |
* | Discovery Inc. Class A | 21,876 | 1,160 |
* | Liberty Media Corp.-Liberty Formula One Class C | 25,717 | 1,129 |
Newell Brands Inc. | 48,597 | 1,126 | |
* | Floor & Decor Holdings Inc. Class A | 11,829 | 1,125 |
Kohl's Corp. | 20,125 | 1,112 | |
Gentex Corp. | 30,929 | 1,094 | |
Aramark | 28,911 | 1,073 | |
New York Times Co. Class A | 20,865 | 1,068 | |
Service Corp. International | 21,421 | 1,023 | |
Nielsen Holdings plc | 45,537 | 1,021 | |
* | IAA Inc. | 17,089 | 1,002 |
Alaska Air Group Inc. | 15,306 | 995 | |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 21,884 | 966 |
Rollins Inc. | 28,054 | 931 | |
* | Planet Fitness Inc. Class A | 10,571 | 910 |
PVH Corp. | 8,953 | 895 | |
* | Mattel Inc. | 44,028 | 889 |
Polaris Inc. | 7,365 | 867 | |
Sirius XM Holdings Inc. | 146,995 | 860 | |
* | Capri Holdings Ltd. | 17,920 | 836 |
Tempur Sealy International Inc. | 24,225 | 809 | |
Thor Industries Inc. | 6,842 | 801 | |
Toll Brothers Inc. | 14,835 | 793 | |
Dolby Laboratories Inc. Class A | 8,056 | 787 | |
Hanesbrands Inc. | 43,835 | 775 | |
* | Terminix Global Holdings Inc. | 16,844 | 758 |
Wyndham Hotels & Resorts Inc. | 11,572 | 755 | |
Nexstar Media Group Inc. Class A | 5,461 | 751 | |
* | JetBlue Airways Corp. | 38,866 | 716 |
Leggett & Platt Inc. | 16,544 | 716 | |
Ralph Lauren Corp. Class A | 6,017 | 704 | |
Harley-Davidson Inc. | 19,477 | 695 | |
AMERCO | 1,146 | 659 | |
Foot Locker Inc. | 13,310 | 640 | |
* | Grand Canyon Education Inc. | 6,117 | 640 |
* | TripAdvisor Inc. | 12,885 | 639 |
Travel + Leisure Co. | 10,575 | 639 | |
Fox Corp. Class B | 19,489 | 622 | |
* | Skechers USA Inc. Class A | 16,886 | 618 |
Qurate Retail Inc. Series A | 49,145 | 610 | |
Sabre Corp. | 40,305 | 592 | |
* | Gap Inc. | 23,568 | 588 |
* | Ollie's Bargain Outlet Holdings Inc. | 6,841 | 566 |
* | frontdoor Inc. | 10,773 | 564 |
Dick's Sporting Goods Inc. | 7,846 | 560 | |
* | AutoNation Inc. | 7,333 | 550 |
* | Under Armour Inc. Class A | 23,907 | 523 |
Nordstrom Inc. | 13,665 | 498 | |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 10,937 | 486 |
Choice Hotels International Inc. | 4,600 | 482 |
Shares | Market Value ($000) | ||
H&R Block Inc. | 25,013 | 481 | |
Wendy's Co. | 23,167 | 473 | |
* | Madison Square Garden Sports Corp. | 2,430 | 467 |
* | Under Armour Inc. Class C | 25,509 | 464 |
Carter's Inc. | 5,501 | 459 | |
Six Flags Entertainment Corp. | 9,804 | 437 | |
Hyatt Hotels Corp. Class A | 4,314 | 379 | |
Columbia Sportswear Co. | 3,610 | 372 | |
Copa Holdings SA Class A | 4,025 | 369 | |
Extended Stay America Inc. | 22,193 | 357 | |
* | 2U Inc. | 8,918 | 353 |
News Corp. Class B | 14,686 | 337 | |
Graham Holdings Co. Class B | 506 | 304 | |
John Wiley & Sons Inc. Class A | 5,425 | 286 | |
Coty Inc. Class A | 37,052 | 284 | |
Penske Automotive Group Inc. | 4,178 | 284 | |
World Wrestling Entertainment Inc. Class A | 5,628 | 278 | |
* | Madison Square Garden Entertainment Corp. | 2,454 | 264 |
* | Leslie's Inc. | 9,518 | 231 |
* | Lions Gate Entertainment Corp. Class A | 11,550 | 168 |
Lennar Corp. Class B | 2,176 | 144 | |
* | Lions Gate Entertainment Corp. Class B | 10,757 | 135 |
* | Airbnb Inc. Class A | 551 | 114 |
* | Liberty Media Corp.- Liberty Formula One Class A | 2,413 | 94 |
ViacomCBS Inc. Class A | 697 | 45 | |
* | Playtika Holding Corp. | 524 | 16 |
764,511 | |||
Consumer Staples (4.9%) | |||
Procter & Gamble Co. | 311,070 | 38,427 | |
Coca-Cola Co. | 493,457 | 24,174 | |
PepsiCo Inc. | 177,187 | 22,891 | |
Philip Morris International Inc. | 198,606 | 16,687 | |
CVS Health Corp. | 166,864 | 11,368 | |
Altria Group Inc. | 237,364 | 10,349 | |
Mondelez International Inc. Class A | 180,180 | 9,578 | |
Colgate-Palmolive Co. | 107,482 | 8,083 | |
Kimberly-Clark Corp. | 43,309 | 5,558 | |
Sysco Corp. | 61,800 | 4,921 | |
Walgreens Boots Alliance Inc. | 92,379 | 4,428 | |
Constellation Brands Inc. Class A | 20,331 | 4,354 | |
Corteva Inc. | 95,575 | 4,315 | |
General Mills Inc. | 77,421 | 4,259 | |
* | Monster Beverage Corp. | 47,047 | 4,128 |
Archer-Daniels-Midland Co. | 70,568 | 3,993 | |
McKesson Corp. | 20,605 | 3,493 | |
Kroger Co. | 98,752 | 3,181 | |
Kraft Heinz Co. | 82,591 | 3,005 | |
Clorox Co. | 16,096 | 2,914 | |
Hershey Co. | 18,812 | 2,740 | |
McCormick & Co. Inc. | 31,637 | 2,666 | |
Church & Dwight Co. Inc. | 31,729 | 2,499 | |
Tyson Foods Inc. Class A | 36,719 | 2,485 | |
Conagra Brands Inc. | 62,310 | 2,114 | |
AmerisourceBergen Corp. Class A | 18,477 | 1,870 | |
Kellogg Co. | 31,817 | 1,836 | |
Keurig Dr Pepper Inc. | 56,726 | 1,731 | |
Brown-Forman Corp. Class B | 24,010 | 1,719 | |
Hormel Foods Corp. | 35,385 | 1,641 | |
J M Smucker Co. | 14,045 | 1,573 | |
Lamb Weston Holdings Inc. | 18,574 | 1,482 | |
Bunge Ltd. | 17,256 | 1,321 |
Shares | Market Value ($000) | ||
* | Boston Beer Co. Inc. Class A | 1,124 | 1,156 |
Campbell Soup Co. | 25,027 | 1,138 | |
Molson Coors Beverage Co. Class B | 22,868 | 1,017 | |
* | U.S. Foods Holding Corp | 27,704 | 1,010 |
* | Beyond Meat Inc. | 6,697 | 974 |
Casey's General Stores Inc. | 4,684 | 946 | |
Ingredion Inc. | 8,609 | 777 | |
* | Post Holdings Inc. | 7,984 | 767 |
Flowers Foods Inc. | 25,001 | 544 | |
* | Herbalife Nutrition Ltd. | 11,487 | 517 |
* | Hain Celestial Group Inc. | 11,059 | 466 |
Spectrum Brands Holdings Inc. | 5,442 | 422 | |
* | TreeHouse Foods Inc. | 7,226 | 361 |
Nu Skin Enterprises Inc. Class A | 6,342 | 325 | |
Energizer Holdings Inc. | 7,750 | 324 | |
* | Grocery Outlet Holding Corp. | 8,922 | 321 |
Brown-Forman Corp. Class A | 4,768 | 318 | |
* | Sprouts Farmers Market Inc. | 14,792 | 312 |
Reynolds Consumer Products Inc. | 5,894 | 163 | |
* | Pilgrim's Pride Corp. | 6,808 | 152 |
Seaboard Corp. | 30 | 99 | |
1 | Albertsons Cos. Inc. Class A | 5,648 | 91 |
227,983 | |||
Energy (2.7%) | |||
Exxon Mobil Corp. | 540,223 | 29,372 | |
Chevron Corp. | 245,835 | 24,584 | |
ConocoPhillips | 173,340 | 9,015 | |
Schlumberger NV | 177,007 | 4,940 | |
EOG Resources Inc. | 74,276 | 4,795 | |
Phillips 66 | 55,641 | 4,621 | |
Marathon Petroleum Corp. | 82,469 | 4,505 | |
Valero Energy Corp. | 51,954 | 3,999 | |
Pioneer Natural Resources Co. | 25,709 | 3,820 | |
Kinder Morgan Inc. | 248,031 | 3,646 | |
Williams Cos. Inc. | 154,916 | 3,538 | |
Occidental Petroleum Corp. | 107,008 | 2,848 | |
ONEOK Inc. | 56,538 | 2,504 | |
Halliburton Co. | 111,874 | 2,442 | |
* | Enphase Energy Inc. | 13,503 | 2,377 |
Hess Corp. | 34,791 | 2,280 | |
Baker Hughes Co. Class A | 83,394 | 2,042 | |
* | Cheniere Energy Inc. | 29,615 | 1,996 |
* | SolarEdge Technologies Inc. | 6,188 | 1,846 |
Devon Energy Corp. | 74,959 | 1,615 | |
Diamondback Energy Inc. | 20,020 | 1,387 | |
Marathon Oil Corp. | 99,865 | 1,109 | |
* | First Solar Inc. | 11,821 | 958 |
Cabot Oil & Gas Corp. | 49,565 | 917 | |
Targa Resources Corp. | 28,877 | 893 | |
NOV Inc. | 49,565 | 748 | |
Cimarex Energy Co. | 12,877 | 747 | |
HollyFrontier Corp. | 19,032 | 721 | |
EQT Corp. | 35,453 | 631 | |
Helmerich & Payne Inc. | 13,494 | 388 | |
Equitrans Midstream Corp. | 52,744 | 381 | |
Antero Midstream Corp. | 35,623 | 314 | |
Murphy Oil Corp. | 18,520 | 302 | |
* | Array Technologies Inc. | 6,850 | 254 |
Continental Resources Inc. | 9,282 | 224 | |
126,759 |
Shares | Market Value ($000) | ||
Financials (10.9%) | |||
* | Berkshire Hathaway Inc. Class B | 240,089 | 57,744 |
JPMorgan Chase & Co. | 386,595 | 56,895 | |
Bank of America Corp. | 987,186 | 34,265 | |
Citigroup Inc. | 265,719 | 17,506 | |
Wells Fargo & Co. | 479,234 | 17,334 | |
Goldman Sachs Group Inc. | 42,255 | 13,500 | |
Morgan Stanley | 170,010 | 13,069 | |
BlackRock Inc. | 18,778 | 13,041 | |
Charles Schwab Corp. | 175,738 | 10,847 | |
S&P Global Inc. | 30,713 | 10,116 | |
Truist Financial Corp. | 171,814 | 9,787 | |
Chubb Ltd. | 57,360 | 9,326 | |
PNC Financial Services Group Inc. | 54,095 | 9,107 | |
CME Group Inc. | 45,286 | 9,044 | |
U.S. Bancorp | 173,402 | 8,670 | |
Intercontinental Exchange Inc. | 70,620 | 7,790 | |
Marsh & McLennan Cos. Inc. | 64,562 | 7,439 | |
Aon plc Class A | 28,910 | 6,583 | |
Progressive Corp. | 74,574 | 6,410 | |
Moody's Corp. | 20,702 | 5,691 | |
MetLife Inc. | 98,023 | 5,646 | |
American International Group Inc. | 109,887 | 4,830 | |
Travelers Cos. Inc. | 32,236 | 4,690 | |
T Rowe Price Group Inc. | 28,815 | 4,672 | |
IHS Markit Ltd. | 50,565 | 4,559 | |
Prudential Financial Inc. | 50,408 | 4,371 | |
MSCI Inc. Class A | 10,371 | 4,299 | |
Bank of New York Mellon Corp. | 101,802 | 4,292 | |
Aflac Inc. | 88,544 | 4,240 | |
Allstate Corp. | 38,684 | 4,124 | |
Discover Financial Services | 38,986 | 3,667 | |
First Republic Bank | 22,000 | 3,624 | |
Willis Towers Watson plc | 16,395 | 3,617 | |
Ameriprise Financial Inc. | 15,034 | 3,326 | |
* | SVB Financial Group | 6,549 | 3,310 |
State Street Corp. | 44,875 | 3,266 | |
KKR & Co. Inc. | 69,259 | 3,155 | |
Fifth Third Bancorp | 90,708 | 3,147 | |
Arthur J Gallagher & Co. | 24,301 | 2,911 | |
MarketAxess Holdings Inc. | 4,708 | 2,617 | |
Regions Financial Corp. | 122,775 | 2,533 | |
KeyCorp. | 124,153 | 2,500 | |
M&T Bank Corp. | 16,369 | 2,471 | |
Citizens Financial Group Inc. | 54,498 | 2,367 | |
Northern Trust Corp. | 24,550 | 2,335 | |
Hartford Financial Services Group Inc. | 45,670 | 2,315 | |
Broadridge Financial Solutions Inc. | 14,642 | 2,086 | |
Nasdaq Inc. | 14,649 | 2,026 | |
Ally Financial Inc. | 47,499 | 1,971 | |
Huntington Bancshares Inc. | 128,406 | 1,970 | |
Principal Financial Group Inc. | 34,568 | 1,956 | |
* | Markel Corp. | 1,713 | 1,865 |
Cincinnati Financial Corp. | 18,996 | 1,859 | |
Raymond James Financial Inc. | 15,633 | 1,825 | |
* | Arch Capital Group Ltd. | 50,107 | 1,795 |
Signature Bank | 7,013 | 1,531 | |
Equitable Holdings Inc. | 50,985 | 1,508 | |
Annaly Capital Management Inc. | 179,207 | 1,489 | |
FactSet Research Systems Inc. | 4,725 | 1,436 | |
Loews Corp. | 29,712 | 1,421 |
Shares | Market Value ($000) | ||
Lincoln National Corp. | 24,373 | 1,386 | |
Brown & Brown Inc. | 30,040 | 1,379 | |
Cboe Global Markets Inc. | 13,791 | 1,365 | |
Fidelity National Financial Inc. | 35,218 | 1,348 | |
LPL Financial Holdings Inc. | 9,928 | 1,306 | |
East West Bancorp Inc. | 17,972 | 1,297 | |
W R Berkley Corp. | 17,731 | 1,229 | |
Globe Life Inc. | 13,119 | 1,225 | |
Everest Re Group Ltd. | 5,016 | 1,213 | |
Comerica Inc. | 17,564 | 1,196 | |
Western Alliance Bancorp | 12,526 | 1,146 | |
Alleghany Corp. | 1,732 | 1,120 | |
First Horizon Corp. | 69,125 | 1,120 | |
AGNC Investment Corp. | 69,897 | 1,120 | |
Zions Bancorp NA | 20,379 | 1,084 | |
Invesco Ltd. | 48,098 | 1,078 | |
RenaissanceRe Holdings Ltd. | 6,442 | 1,076 | |
Apollo Global Management Inc. Class A | 21,593 | 1,068 | |
Reinsurance Group of America Inc. | 8,608 | 1,052 | |
Eaton Vance Corp. | 14,137 | 1,033 | |
Commerce Bancshares Inc. | 13,380 | 991 | |
People's United Financial Inc. | 54,439 | 977 | |
American Financial Group Inc. | 9,099 | 971 | |
Voya Financial Inc. | 16,010 | 965 | |
Assurant Inc. | 7,482 | 922 | |
Franklin Resources Inc. | 34,606 | 906 | |
TCF Financial Corp. | 19,282 | 864 | |
Prosperity Bancshares Inc. | 11,446 | 841 | |
SEI Investments Co. | 14,512 | 813 | |
Affiliated Managers Group Inc. | 5,804 | 812 | |
Jefferies Financial Group Inc. | 27,707 | 805 | |
Starwood Property Trust Inc. | 35,150 | 802 | |
Synovus Financial Corp. | 18,486 | 782 | |
Erie Indemnity Co. Class A | 3,185 | 771 | |
Pinnacle Financial Partners Inc. | 9,451 | 767 | |
Tradeweb Markets Inc. Class A | 10,541 | 767 | |
Cullen/Frost Bankers Inc. | 7,230 | 755 | |
SLM Corp. | 47,443 | 749 | |
First American Financial Corp. | 13,725 | 721 | |
Popular Inc. | 10,690 | 714 | |
Primerica Inc. | 4,997 | 706 | |
Old Republic International Corp. | 36,152 | 699 | |
New York Community Bancorp Inc. | 56,867 | 694 | |
Unum Group | 26,014 | 689 | |
Interactive Brokers Group Inc. Class A | 9,396 | 680 | |
* | Athene Holding Ltd. Class A | 14,647 | 668 |
Ares Management Corp. Class A | 12,516 | 651 | |
Bank OZK | 15,655 | 645 | |
Webster Financial Corp. | 11,411 | 631 | |
Morningstar Inc. | 2,751 | 617 | |
Evercore Inc. Class A | 5,003 | 599 | |
Kemper Corp. | 7,792 | 589 | |
First Citizens BancShares Inc. Class A | 788 | 581 | |
Hanover Insurance Group Inc. | 4,810 | 555 | |
New Residential Investment Corp. | 52,971 | 545 | |
PacWest Bancorp | 15,031 | 545 | |
Sterling Bancorp | 24,712 | 539 | |
Axis Capital Holdings Ltd. | 10,449 | 528 | |
Wintrust Financial Corp. | 7,155 | 527 | |
MGIC Investment Corp. | 42,098 | 513 | |
Carlyle Group Inc. | 14,807 | 507 |
Shares | Market Value ($000) | ||
Lazard Ltd. Class A | 13,051 | 505 | |
FNB Corp. | 41,021 | 485 | |
Umpqua Holdings Corp. | 28,329 | 484 | |
First Hawaiian Inc. | 16,781 | 468 | |
* | Brighthouse Financial Inc. | 11,441 | 456 |
* | Credit Acceptance Corp. | 1,251 | 454 |
White Mountains Insurance Group Ltd. | 377 | 451 | |
Assured Guaranty Ltd. | 10,128 | 448 | |
Bank of Hawaii Corp. | 5,000 | 437 | |
OneMain Holdings Inc. | 9,231 | 433 | |
Associated Banc-Corp. | 18,647 | 376 | |
* | LendingTree Inc. | 1,389 | 373 |
BOK Financial Corp. | 4,065 | 350 | |
*,1 | Rocket Cos. Inc. Class A | 13,857 | 303 |
* | Lemonade Inc. | 1,940 | 244 |
Santander Consumer USA Holdings Inc. | 9,488 | 237 | |
Mercury General Corp. | 3,781 | 221 | |
Virtu Financial Inc. Class A | 8,107 | 221 | |
CNA Financial Corp. | 3,463 | 147 | |
TFS Financial Corp. | 6,179 | 121 | |
American National Group Inc. | 919 | 83 | |
* | GoHealth Inc. Class A | 5,830 | 79 |
502,406 | |||
Health Care (12.7%) | |||
Johnson & Johnson | 336,580 | 53,334 | |
UnitedHealth Group Inc. | 120,495 | 40,031 | |
Abbott Laboratories | 220,605 | 26,424 | |
AbbVie Inc. | 224,858 | 24,226 | |
Pfizer Inc. | 709,804 | 23,771 | |
Merck & Co. Inc. | 322,480 | 23,418 | |
Thermo Fisher Scientific Inc. | 50,415 | 22,691 | |
Eli Lilly and Co. | 107,510 | 22,028 | |
Medtronic plc | 171,203 | 20,026 | |
Bristol-Myers Squibb Co. | 288,998 | 17,724 | |
Danaher Corp. | 79,892 | 17,550 | |
Amgen Inc. | 74,363 | 16,726 | |
* | Intuitive Surgical Inc. | 14,768 | 10,881 |
Stryker Corp. | 44,200 | 10,727 | |
Gilead Sciences Inc. | 160,301 | 9,842 | |
Anthem Inc. | 31,771 | 9,633 | |
Cigna Corp. | 45,223 | 9,492 | |
Zoetis Inc. | 60,649 | 9,415 | |
Becton Dickinson and Co. | 35,210 | 8,491 | |
* | Illumina Inc. | 18,722 | 8,227 |
* | Boston Scientific Corp. | 182,296 | 7,069 |
* | Vertex Pharmaceuticals Inc. | 33,132 | 7,042 |
* | Edwards Lifesciences Corp. | 78,663 | 6,537 |
Humana Inc. | 16,859 | 6,401 | |
HCA Healthcare Inc. | 33,991 | 5,847 | |
* | Align Technology Inc. | 9,942 | 5,638 |
* | Moderna Inc. | 36,377 | 5,632 |
* | IDEXX Laboratories Inc. | 10,713 | 5,573 |
* | Regeneron Pharmaceuticals Inc. | 12,343 | 5,561 |
* | Biogen Inc. | 19,569 | 5,340 |
Baxter International Inc. | 64,981 | 5,048 | |
* | Veeva Systems Inc. Class A | 17,232 | 4,827 |
Agilent Technologies Inc. | 39,440 | 4,814 | |
* | IQVIA Holdings Inc. | 24,232 | 4,672 |
* | DexCom Inc. | 11,723 | 4,663 |
Zimmer Biomet Holdings Inc. | 26,393 | 4,304 | |
* | Centene Corp. | 73,269 | 4,289 |
Shares | Market Value ($000) | ||
* | Alexion Pharmaceuticals Inc. | 27,100 | 4,140 |
ResMed Inc. | 18,261 | 3,520 | |
* | Teladoc Health Inc. | 13,724 | 3,034 |
* | Laboratory Corp. of America Holdings | 12,362 | 2,966 |
Cerner Corp. | 38,830 | 2,685 | |
West Pharmaceutical Services Inc. | 9,370 | 2,630 | |
* | Exact Sciences Corp. | 18,983 | 2,584 |
* | Seagen Inc. | 16,191 | 2,447 |
Cooper Cos. Inc. | 6,220 | 2,402 | |
* | Catalent Inc. | 20,782 | 2,363 |
* | Hologic Inc. | 32,761 | 2,362 |
Teleflex Inc. | 5,932 | 2,362 | |
* | Viatris Inc. | 154,318 | 2,292 |
* | Horizon Therapeutics plc | 24,947 | 2,268 |
* | Alnylam Pharmaceuticals Inc. | 14,759 | 2,186 |
* | Insulet Corp. | 8,385 | 2,173 |
* | Varian Medical Systems Inc. | 11,610 | 2,035 |
Quest Diagnostics Inc. | 17,107 | 1,977 | |
* | Novocure Ltd. | 12,899 | 1,923 |
Cardinal Health Inc. | 37,070 | 1,910 | |
* | Elanco Animal Health Inc. (XNYS) | 57,799 | 1,899 |
STERIS plc | 10,769 | 1,882 | |
* | ABIOMED Inc. | 5,673 | 1,841 |
* | Incyte Corp. | 23,042 | 1,812 |
PerkinElmer Inc. | 14,272 | 1,800 | |
* | BioMarin Pharmaceutical Inc. | 23,129 | 1,791 |
* | Charles River Laboratories International Inc. | 6,192 | 1,772 |
* | Avantor Inc. | 62,748 | 1,749 |
Bio-Techne Corp. | 4,810 | 1,740 | |
* | Molina Healthcare Inc. | 7,461 | 1,617 |
* | Bio-Rad Laboratories Inc. Class A | 2,680 | 1,566 |
* | Masimo Corp. | 6,217 | 1,559 |
* | Guardant Health Inc. | 10,433 | 1,536 |
DENTSPLY SIRONA Inc. | 27,661 | 1,468 | |
* | QIAGEN NV | 28,735 | 1,437 |
* | Repligen Corp. | 6,630 | 1,408 |
* | 10X Genomics Inc. Class A | 7,315 | 1,302 |
* | Neurocrine Biosciences Inc. | 11,734 | 1,285 |
* | Penumbra Inc. | 4,212 | 1,198 |
* | PRA Health Sciences Inc. | 8,047 | 1,186 |
Universal Health Services Inc. Class B | 9,312 | 1,167 | |
* | Jazz Pharmaceuticals plc | 6,938 | 1,166 |
* | Henry Schein Inc. | 18,111 | 1,120 |
* | Amedisys Inc. | 4,080 | 1,035 |
Encompass Health Corp. | 12,637 | 1,017 | |
* | DaVita Inc. | 9,779 | 999 |
* | United Therapeutics Corp. | 5,483 | 917 |
Hill-Rom Holdings Inc. | 8,455 | 902 | |
* | Acceleron Pharma Inc. | 6,591 | 897 |
Chemed Corp. | 1,970 | 877 | |
* | Ionis Pharmaceuticals Inc. | 16,492 | 864 |
* | Exelixis Inc. | 39,360 | 853 |
* | Sarepta Therapeutics Inc. | 9,527 | 829 |
Bruker Corp. | 13,169 | 803 | |
* | Haemonetics Corp. | 6,319 | 799 |
* | Envista Holdings Corp. | 20,252 | 781 |
* | Quidel Corp. | 4,694 | 771 |
* | Syneos Health Inc. | 9,706 | 751 |
* | Tandem Diabetes Care Inc. | 7,653 | 735 |
* | PPD Inc. | 20,056 | 703 |
Perrigo Co. plc | 17,329 | 699 |
Shares | Market Value ($000) | ||
* | ACADIA Pharmaceuticals Inc. | 13,872 | 679 |
* | Iovance Biotherapeutics Inc. | 17,637 | 658 |
Royalty Pharma plc Class A | 13,945 | 649 | |
* | Acadia Healthcare Co. Inc. | 11,189 | 618 |
* | Integra LifeSciences Holdings Corp. | 9,004 | 615 |
* | Globus Medical Inc. Class A | 9,428 | 589 |
* | Sage Therapeutics Inc. | 6,612 | 562 |
* | Adaptive Biotechnologies Corp. | 9,525 | 539 |
Premier Inc. Class A | 15,426 | 522 | |
* | ICU Medical Inc. | 2,435 | 505 |
* | Nektar Therapeutics Class A | 21,612 | 490 |
* | Alkermes plc | 19,708 | 375 |
* | Agios Pharmaceuticals Inc. | 7,679 | 364 |
* | Reata Pharmaceuticals Inc. Class A | 2,976 | 364 |
* | Global Blood Therapeutics Inc. | 7,419 | 316 |
* | Bluebird Bio Inc. | 8,241 | 256 |
* | Oak Street Health Inc. | 4,259 | 226 |
* | American Well Corp. Class A | 7,065 | 173 |
* | Berkeley Lights Inc. | 1,573 | 97 |
587,303 | |||
Industrials (13.8%) | |||
Visa Inc. Class A | 215,507 | 45,772 | |
Mastercard Inc. Class A | 112,599 | 39,843 | |
* | PayPal Holdings Inc. | 149,882 | 38,947 |
Accenture plc Class A | 81,352 | 20,411 | |
Honeywell International Inc. | 89,616 | 18,134 | |
Union Pacific Corp. | 86,650 | 17,846 | |
Caterpillar Inc. | 69,092 | 14,916 | |
Boeing Co. | 68,145 | 14,447 | |
United Parcel Service Inc. Class B | 91,450 | 14,434 | |
General Electric Co. | 1,109,031 | 13,907 | |
Raytheon Technologies Corp. | 181,947 | 13,098 | |
3M Co. | 71,727 | 12,557 | |
Deere & Co. | 35,962 | 12,555 | |
American Express Co. | 83,435 | 11,285 | |
Fidelity National Information Services Inc. | 78,789 | 10,873 | |
* | Square Inc. Class A | 47,108 | 10,836 |
Lockheed Martin Corp. | 31,582 | 10,430 | |
Automatic Data Processing Inc. | 54,844 | 9,544 | |
CSX Corp. | 97,292 | 8,907 | |
* | Fiserv Inc. | 73,239 | 8,450 |
Norfolk Southern Corp. | 32,648 | 8,229 | |
Illinois Tool Works Inc. | 40,164 | 8,120 | |
FedEx Corp. | 30,826 | 7,845 | |
Global Payments Inc. | 37,967 | 7,517 | |
Sherwin-Williams Co. | 10,507 | 7,148 | |
Capital One Financial Corp. | 57,675 | 6,932 | |
Eaton Corp. plc | 51,036 | 6,644 | |
Emerson Electric Co. | 75,943 | 6,523 | |
Northrop Grumman Corp. | 19,937 | 5,815 | |
General Dynamics Corp. | 32,360 | 5,290 | |
Johnson Controls International plc | 92,610 | 5,167 | |
DuPont de Nemours Inc. | 68,489 | 4,816 | |
Cummins Inc. | 18,773 | 4,753 | |
Parker-Hannifin Corp. | 16,301 | 4,678 | |
Trane Technologies plc | 30,425 | 4,662 | |
PPG Industries Inc. | 30,046 | 4,051 | |
Carrier Global Corp. | 110,572 | 4,039 | |
PACCAR Inc. | 43,219 | 3,932 | |
* | TransDigm Group Inc. | 6,653 | 3,837 |
Paychex Inc. | 40,877 | 3,723 |
Shares | Market Value ($000) | ||
Cintas Corp. | 11,243 | 3,647 | |
Rockwell Automation Inc. | 14,773 | 3,594 | |
Ball Corp. | 40,701 | 3,475 | |
AMETEK Inc. | 29,223 | 3,447 | |
Stanley Black & Decker Inc. | 19,647 | 3,435 | |
* | Keysight Technologies Inc. | 23,841 | 3,374 |
* | Mettler-Toledo International Inc. | 3,006 | 3,355 |
* | Zebra Technologies Corp. Class A | 6,685 | 3,339 |
Otis Worldwide Corp. | 52,010 | 3,314 | |
Verisk Analytics Inc. Class A | 20,210 | 3,311 | |
* | FleetCor Technologies Inc. | 10,513 | 2,915 |
Synchrony Financial | 74,241 | 2,872 | |
Vulcan Materials Co. | 16,868 | 2,817 | |
* | United Rentals Inc. | 9,182 | 2,731 |
Martin Marietta Materials Inc. | 7,934 | 2,673 | |
Old Dominion Freight Line Inc. | 12,443 | 2,672 | |
* | Generac Holdings Inc. | 7,799 | 2,570 |
Kansas City Southern | 11,916 | 2,530 | |
Fortive Corp. | 37,993 | 2,501 | |
Equifax Inc. (XNYS) | 15,442 | 2,500 | |
* | Trimble Inc. | 31,848 | 2,361 |
Xylem Inc. | 22,859 | 2,276 | |
Dover Corp. | 18,363 | 2,263 | |
* | StoneCo. Ltd. Class A | 25,775 | 2,212 |
Amcor plc | 199,896 | 2,187 | |
* | Waters Corp. | 7,823 | 2,143 |
WW Grainger Inc. | 5,690 | 2,121 | |
* | Ingersoll Rand Inc. | 44,354 | 2,055 |
TransUnion | 24,281 | 2,045 | |
Expeditors International of Washington Inc. | 21,425 | 1,968 | |
IDEX Corp. | 9,541 | 1,862 | |
Jacobs Engineering Group Inc. | 15,860 | 1,825 | |
Masco Corp. | 33,352 | 1,775 | |
Cognex Corp. | 21,293 | 1,759 | |
* | Teledyne Technologies Inc. | 4,597 | 1,705 |
Westinghouse Air Brake Technologies Corp. | 22,973 | 1,664 | |
* | Fair Isaac Corp. | 3,543 | 1,621 |
* | Crown Holdings Inc. | 16,490 | 1,576 |
JB Hunt Transport Services Inc. | 10,684 | 1,569 | |
Packaging Corp. of America | 11,881 | 1,569 | |
CH Robinson Worldwide Inc. | 16,863 | 1,532 | |
* | Bill.Com Holdings Inc. | 9,272 | 1,530 |
Quanta Services Inc. | 17,501 | 1,467 | |
Textron Inc. | 29,068 | 1,463 | |
Graco Inc. | 20,964 | 1,454 | |
Jack Henry & Associates Inc. | 9,724 | 1,443 | |
Westrock Co. | 32,769 | 1,428 | |
Howmet Aerospace Inc. | 50,306 | 1,414 | |
Nordson Corp. | 7,314 | 1,407 | |
Snap-on Inc. | 6,839 | 1,389 | |
Toro Co. | 13,552 | 1,366 | |
* | XPO Logistics Inc. | 11,538 | 1,345 |
* | Trex Co. Inc. | 14,638 | 1,341 |
Booz Allen Hamilton Holding Corp. Class A | 17,098 | 1,319 | |
* | Axon Enterprise Inc. | 7,946 | 1,315 |
RPM International Inc. | 16,280 | 1,297 | |
Allegion plc | 11,694 | 1,272 | |
Lennox International Inc. | 4,433 | 1,240 | |
Hubbell Inc. Class B | 6,835 | 1,213 | |
Western Union Co. | 51,848 | 1,204 | |
Pentair plc | 21,001 | 1,175 |
Shares | Market Value ($000) | ||
* | WEX Inc. | 5,622 | 1,171 |
MKS Instruments Inc. | 6,935 | 1,144 | |
HEICO Corp. Class A | 9,752 | 1,129 | |
* | Sensata Technologies Holding plc | 19,615 | 1,124 |
* | AECOM | 19,365 | 1,121 |
Owens Corning | 13,725 | 1,112 | |
Robert Half International Inc. | 14,214 | 1,106 | |
AptarGroup Inc. | 8,103 | 1,054 | |
* | Middleby Corp. | 7,002 | 1,025 |
Watsco Inc. | 4,190 | 1,019 | |
AGCO Corp. | 7,821 | 1,013 | |
A O Smith Corp. | 16,987 | 1,009 | |
Carlisle Cos. Inc. | 6,713 | 975 | |
* | Euronet Worldwide Inc. | 6,403 | 962 |
Genpact Ltd. | 23,632 | 956 | |
Donaldson Co. Inc. | 16,167 | 952 | |
* | Berry Global Group Inc. | 16,947 | 939 |
* | Paylocity Holding Corp. | 4,858 | 929 |
Oshkosh Corp. | 8,710 | 923 | |
ITT Inc. | 10,942 | 908 | |
FLIR Systems Inc. | 16,826 | 898 | |
Brunswick Corp. | 10,135 | 896 | |
Huntington Ingalls Industries Inc. | 5,068 | 891 | |
Lincoln Electric Holdings Inc. | 7,303 | 863 | |
CoreLogic Inc. | 9,796 | 829 | |
Sealed Air Corp. | 19,560 | 820 | |
Woodward Inc. | 7,074 | 808 | |
Littelfuse Inc. | 3,012 | 784 | |
Landstar System Inc. | 4,888 | 783 | |
Sonoco Products Co. | 12,771 | 761 | |
* | Coherent Inc. | 3,090 | 748 |
MSA Safety Inc. | 4,640 | 747 | |
* | Axalta Coating Systems Ltd. | 27,168 | 743 |
HEICO Corp. | 5,750 | 723 | |
MDU Resources Group Inc. | 25,607 | 720 | |
BWX Technologies Inc. | 12,206 | 708 | |
ManpowerGroup Inc. | 7,406 | 699 | |
Regal Beloit Corp. | 5,085 | 695 | |
Knight-Swift Transportation Holdings Inc. | 16,062 | 694 | |
Eagle Materials Inc. | 5,199 | 652 | |
Valmont Industries Inc. | 2,704 | 640 | |
Air Lease Corp. Class A | 13,615 | 624 | |
Flowserve Corp. | 16,787 | 621 | |
* | Vontier Corp. | 19,366 | 608 |
Curtiss-Wright Corp. | 5,280 | 583 | |
Alliance Data Systems Corp. | 6,017 | 581 | |
Spirit AeroSystems Holdings Inc. Class A | 13,554 | 581 | |
Acuity Brands Inc. | 4,640 | 572 | |
Allison Transmission Holdings Inc. | 14,551 | 552 | |
* | Colfax Corp. | 12,404 | 550 |
Graphic Packaging Holding Co. | 33,985 | 539 | |
* | AZEK Co. Inc. Class A | 11,813 | 521 |
Armstrong World Industries Inc. | 6,049 | 518 | |
nVent Electric plc | 19,692 | 517 | |
Crane Co. | 6,123 | 513 | |
* | FTI Consulting Inc. | 4,460 | 511 |
MSC Industrial Direct Co. Inc. Class A | 5,670 | 488 | |
* | Kirby Corp. | 7,483 | 468 |
Ryder System Inc. | 6,799 | 461 | |
* | Mercury Systems Inc. | 6,966 | 455 |
Silgan Holdings Inc. | 9,870 | 371 |
Shares | Market Value ($000) | ||
Trinity Industries Inc. | 10,854 | 348 | |
* | Virgin Galactic Holdings Inc. | 8,609 | 320 |
Macquarie Infrastructure Corp. | 9,360 | 293 | |
* | Pluralsight Inc. Class A | 11,589 | 239 |
Schneider National Inc. Class B | 7,343 | 170 | |
ADT Inc. | 18,834 | 143 | |
* | Gates Industrial Corp. plc | 8,436 | 127 |
Ardagh Group SA | 2,043 | 52 | |
* | Affirm Holdings Inc. | 152 | 14 |
638,168 | |||
Oil & Gas (0.0%) | |||
* | APA Corp. | 48,120 | 949 |
Real Estate (3.2%) | |||
American Tower Corp. | 56,296 | 12,167 | |
Prologis Inc. | 93,911 | 9,304 | |
Crown Castle International Corp. | 53,022 | 8,258 | |
Equinix Inc. | 11,331 | 7,346 | |
Digital Realty Trust Inc. | 35,595 | 4,796 | |
Simon Property Group Inc. | 41,204 | 4,653 | |
Public Storage | 19,215 | 4,495 | |
* | CoStar Group Inc. | 4,968 | 4,093 |
Welltower Inc. | 53,283 | 3,618 | |
SBA Communications Corp. Class A | 14,088 | 3,594 | |
* | CBRE Group Inc. Class A | 42,525 | 3,222 |
Weyerhaeuser Co. | 95,140 | 3,222 | |
AvalonBay Communities Inc. | 17,930 | 3,151 | |
Equity Residential | 46,860 | 3,065 | |
* | Zillow Group Inc. Class C | 18,510 | 2,986 |
Alexandria Real Estate Equities Inc. | 17,044 | 2,722 | |
Realty Income Corp. | 44,804 | 2,700 | |
Ventas Inc. | 47,633 | 2,520 | |
Essex Property Trust Inc. | 8,260 | 2,105 | |
Invitation Homes Inc. | 71,657 | 2,088 | |
Sun Communities Inc. | 13,529 | 2,056 | |
Extra Space Storage Inc. | 15,997 | 2,011 | |
Healthpeak Properties Inc. | 68,378 | 1,989 | |
Boston Properties Inc. | 19,765 | 1,959 | |
Mid-America Apartment Communities Inc. | 14,477 | 1,951 | |
VICI Properties Inc. | 67,768 | 1,931 | |
Duke Realty Corp. | 46,777 | 1,836 | |
Medical Properties Trust Inc. | 71,426 | 1,542 | |
UDR Inc. | 37,363 | 1,538 | |
WP Carey Inc. | 22,281 | 1,527 | |
Host Hotels & Resorts Inc. | 88,933 | 1,475 | |
Equity LifeStyle Properties Inc. | 22,153 | 1,366 | |
Iron Mountain Inc. | 36,735 | 1,278 | |
Camden Property Trust | 12,037 | 1,254 | |
* | Zillow Group Inc. Class A | 7,386 | 1,254 |
Gaming and Leisure Properties Inc. | 27,466 | 1,220 | |
Regency Centers Corp. | 21,411 | 1,173 | |
* | Jones Lang LaSalle Inc. | 6,573 | 1,144 |
American Homes 4 Rent Class A | 34,891 | 1,087 | |
VEREIT Inc. | 27,806 | 1,085 | |
Omega Healthcare Investors Inc. | 28,483 | 1,058 | |
STORE Capital Corp. | 30,416 | 1,017 | |
CyrusOne Inc. | 15,467 | 1,015 | |
* | RealPage Inc. | 11,228 | 974 |
Federal Realty Investment Trust | 9,605 | 972 | |
Kimco Realty Corp. | 52,784 | 968 | |
National Retail Properties Inc. | 22,051 | 967 |
Shares | Market Value ($000) | ||
Vornado Realty Trust | 22,309 | 958 | |
Lamar Advertising Co. Class A | 10,893 | 943 | |
Kilroy Realty Corp. | 14,611 | 927 | |
CubeSmart | 24,725 | 914 | |
Americold Realty Trust | 25,660 | 899 | |
Life Storage Inc. | 9,215 | 773 | |
Apartment Income REIT Corp. | 18,902 | 773 | |
Healthcare Trust of America Inc. Class A | 27,778 | 755 | |
Rexford Industrial Realty Inc. | 15,825 | 755 | |
Brixmor Property Group Inc. | 37,725 | 742 | |
American Campus Communities Inc. | 17,609 | 721 | |
Douglas Emmett Inc. | 21,295 | 697 | |
First Industrial Realty Trust Inc. | 16,188 | 691 | |
Park Hotels & Resorts Inc. | 30,405 | 661 | |
SL Green Realty Corp. | 9,218 | 637 | |
CoreSite Realty Corp. | 5,186 | 631 | |
Cousins Properties Inc. | 18,825 | 631 | |
Spirit Realty Capital Inc. | 14,460 | 622 | |
Rayonier Inc. | 16,750 | 547 | |
Highwoods Properties Inc. | 13,211 | 528 | |
JBG SMITH Properties | 15,718 | 499 | |
Hudson Pacific Properties Inc. | 19,036 | 487 | |
* | Howard Hughes Corp. | 4,878 | 463 |
EPR Properties | 9,425 | 426 | |
Equity Commonwealth | 14,959 | 422 | |
Weingarten Realty Investors | 15,684 | 398 | |
Apple Hospitality REIT Inc. | 27,153 | 387 | |
Outfront Media Inc. | 18,634 | 378 | |
Corporate Office Properties Trust | 14,311 | 372 | |
Brandywine Realty Trust | 20,468 | 250 | |
Paramount Group Inc. | 23,238 | 215 | |
Empire State Realty Trust Inc. Class A | 19,001 | 209 | |
Apartment Investment and Management Co. Class A | 18,358 | 87 | |
Brookfield Property REIT Inc. Class A | 4,848 | 85 | |
147,235 | |||
Technology (27.3%) | |||
Apple Inc. | 2,059,832 | 249,775 | |
Microsoft Corp. | 955,806 | 222,110 | |
* | Facebook Inc. Class A | 306,491 | 78,958 |
* | Alphabet Inc. Class A | 38,323 | 77,486 |
* | Alphabet Inc. Class C | 37,104 | 75,576 |
NVIDIA Corp. | 75,341 | 41,331 | |
Intel Corp. | 523,664 | 31,828 | |
* | Adobe Inc. | 61,405 | 28,226 |
* | salesforce.com Inc. | 111,905 | 24,227 |
Broadcom Inc. | 50,399 | 23,681 | |
Texas Instruments Inc. | 117,164 | 20,184 | |
QUALCOMM Inc. | 143,625 | 19,560 | |
Oracle Corp. | 240,534 | 15,517 | |
Applied Materials Inc. | 116,896 | 13,816 | |
International Business Machines Corp. | 113,403 | 13,487 | |
* | ServiceNow Inc. | 24,808 | 13,234 |
* | Micron Technology Inc. | 141,875 | 12,986 |
* | Advanced Micro Devices Inc. | 152,783 | 12,912 |
Intuit Inc. | 32,159 | 12,547 | |
Lam Research Corp. | 18,492 | 10,488 | |
* | Zoom Video Communications Inc. Class A | 21,791 | 8,141 |
* | Autodesk Inc. | 27,974 | 7,721 |
* | Twitter Inc. | 99,357 | 7,656 |
Analog Devices Inc. | 46,920 | 7,311 | |
* | Twilio Inc. Class A | 18,314 | 7,195 |
Shares | Market Value ($000) | ||
KLA Corp. | 19,775 | 6,155 | |
* | Workday Inc. Class A | 22,447 | 5,504 |
* | DocuSign Inc. Class A | 22,715 | 5,149 |
HP Inc. | 175,286 | 5,078 | |
Roper Technologies Inc. | 13,279 | 5,014 | |
Cognizant Technology Solutions Corp. Class A | 68,120 | 5,005 | |
* | Cadence Design Systems Inc. | 35,126 | 4,956 |
Microchip Technology Inc. | 31,816 | 4,856 | |
* | Synopsys Inc. | 19,266 | 4,724 |
Amphenol Corp. Class A | 37,200 | 4,675 | |
* | Match Group Inc. | 28,556 | 4,365 |
* | Palo Alto Networks Inc. | 11,858 | 4,249 |
* | Crowdstrike Holdings Inc. Class A | 19,312 | 4,171 |
* | Pinterest Inc. Class A | 51,150 | 4,122 |
Marvell Technology Group Ltd. | 84,837 | 4,096 | |
Xilinx Inc. | 31,121 | 4,055 | |
* | Atlassian Corp. plc Class A | 16,733 | 3,977 |
* | Okta Inc. | 14,649 | 3,830 |
* | RingCentral Inc. Class A | 10,029 | 3,793 |
Skyworks Solutions Inc. | 21,240 | 3,777 | |
* | ANSYS Inc. | 10,922 | 3,724 |
Corning Inc. | 95,550 | 3,654 | |
Maxim Integrated Products Inc. | 33,865 | 3,155 | |
* | Coupa Software Inc. | 8,766 | 3,035 |
* | Splunk Inc. | 20,278 | 2,900 |
* | Fortinet Inc. | 16,964 | 2,864 |
CDW Corp. | 18,091 | 2,838 | |
* | HubSpot Inc. | 5,283 | 2,721 |
Teradyne Inc. | 21,112 | 2,715 | |
* | Dell Technologies Class C | 33,068 | 2,681 |
Western Digital Corp. | 38,910 | 2,667 | |
* | Qorvo Inc. | 14,568 | 2,545 |
* | EPAM Systems Inc. | 6,785 | 2,535 |
* | MongoDB Inc. | 6,503 | 2,510 |
* | VeriSign Inc. | 12,887 | 2,500 |
Hewlett Packard Enterprise Co. | 163,582 | 2,382 | |
* | Paycom Software Inc. | 6,297 | 2,357 |
* | Tyler Technologies Inc. | 5,067 | 2,348 |
* | IAC/Inter Active Corp. | 9,585 | 2,347 |
* | Zendesk Inc. | 14,759 | 2,157 |
Citrix Systems Inc. | 15,762 | 2,106 | |
* | Arista Networks Inc. | 7,507 | 2,101 |
* | ON Semiconductor Corp. | 51,925 | 2,091 |
Monolithic Power Systems Inc. | 5,571 | 2,086 | |
* | Slack Technologies Inc. Class A | 48,797 | 1,997 |
* | Gartner Inc. | 11,078 | 1,983 |
* | Akamai Technologies Inc. | 20,474 | 1,935 |
SS&C Technologies Holdings Inc. | 28,559 | 1,893 | |
* | Zscaler Inc. | 9,158 | 1,878 |
* | Datadog Inc. Class A | 19,529 | 1,863 |
* | PTC Inc. | 13,288 | 1,820 |
Entegris Inc. | 16,999 | 1,788 | |
NetApp Inc. | 28,102 | 1,759 | |
* | GoDaddy Inc. Class A | 21,373 | 1,734 |
* | Avalara Inc. | 10,457 | 1,641 |
* | Nuance Communications Inc. | 35,842 | 1,599 |
* | Cree Inc. | 13,995 | 1,588 |
Leidos Holdings Inc. | 17,111 | 1,513 | |
* | F5 Networks Inc. | 7,791 | 1,480 |
* | Black Knight Inc. | 19,138 | 1,468 |
* | Five9 Inc. | 7,802 | 1,445 |
Shares | Market Value ($000) | ||
* | VMware Inc. Class A | 10,297 | 1,423 |
NortonLifeLock Inc. | 69,899 | 1,364 | |
* | Ceridian HCM Holding Inc. | 14,582 | 1,307 |
* | Aspen Technology Inc. | 8,608 | 1,296 |
Amdocs Ltd. | 16,566 | 1,256 | |
* | Guidewire Software Inc. | 10,620 | 1,179 |
Universal Display Corp. | 5,489 | 1,162 | |
* | Dynatrace Inc. | 23,094 | 1,149 |
* | Elastic NV | 8,414 | 1,131 |
* | Anaplan Inc. | 16,820 | 1,093 |
* | Globant SA | 4,918 | 1,056 |
* | Cloudflare Inc. Class A | 13,842 | 1,024 |
* | IPG Photonics Corp. | 4,467 | 1,016 |
* | Inphi Corp. | 6,105 | 1,005 |
* | Smartsheet Inc. Class A | 14,295 | 990 |
* | Manhattan Associates Inc. | 7,994 | 983 |
* | Arrow Electronics Inc. | 9,584 | 961 |
* | Proofpoint Inc. | 7,194 | 870 |
Jabil Inc. | 19,141 | 826 | |
DXC Technology Co. | 32,590 | 822 | |
CDK Global Inc. | 15,682 | 786 | |
* | Grubhub Inc. | 11,826 | 758 |
* | Fastly Inc. Class A | 10,191 | 750 |
* | Nutanix Inc. Class A | 24,559 | 744 |
National Instruments Corp. | 16,332 | 725 | |
* | Pure Storage Inc. Class A | 30,883 | 722 |
* | Change Healthcare Inc. | 30,924 | 707 |
* | CACI International Inc. Class A | 3,178 | 703 |
* | Dropbox Inc. Class A | 31,164 | 703 |
* | Everbridge Inc. | 4,506 | 690 |
Pegasystems Inc. | 5,001 | 662 | |
* | Concentrix Corp. | 5,347 | 660 |
* | Alteryx Inc. Class A | 6,860 | 656 |
Science Applications International Corp. | 7,355 | 634 | |
* | Cirrus Logic Inc. | 7,462 | 610 |
Vertiv Holdings Co. Class A | 28,069 | 587 | |
* | NCR Corp. | 15,853 | 551 |
* | Teradata Corp. | 13,664 | 548 |
* | FireEye Inc. | 27,997 | 541 |
Xerox Holdings Corp. | 20,999 | 535 | |
Avnet Inc. | 12,133 | 462 | |
SYNNEX Corp. | 5,150 | 459 | |
* | Medallia Inc. | 10,913 | 441 |
* | Unity Software Inc. | 3,735 | 402 |
* | New Relic Inc. | 6,564 | 401 |
* | PagerDuty Inc. | 8,676 | 388 |
* | Dun & Bradstreet Holdings Inc. | 10,531 | 230 |
* | Duck Creek Technologies Inc. | 4,008 | 190 |
Switch Inc. Class A | 9,881 | 171 | |
* | Vroom Inc. | 3,517 | 156 |
* | Allegro MicroSystems Inc. | 5,809 | 152 |
* | Jamf Holding Corp. | 3,962 | 148 |
* | nCino Inc. | 1,932 | 132 |
* | BigCommerce Holdings Inc. Series 1 | 1,684 | 100 |
* | SolarWinds Corp. | 5,529 | 90 |
McAfee Corp.Class A | 4,239 | 88 | |
* | JFrog Ltd. | 1,557 | 83 |
* | Datto Holding Corp. | 2,725 | 63 |
* | Palantir Technologies Inc. Class A | 1,083 | 26 |
* | Qualtrics International Inc. Class A | 340 | 13 |
* | DoorDash Inc. Class A | 67 | 11 |
Shares | Market Value ($000) | ||
* | Bumble Inc. Class A | 166 | 11 |
1,259,309 | |||
Telecommunications (3.4%) | |||
Comcast Corp. Class A | 578,375 | 30,492 | |
Verizon Communications Inc. | 528,909 | 29,249 | |
AT&T Inc. | 910,248 | 25,387 | |
Cisco Systems Inc. | 542,021 | 24,320 | |
* | Charter Communications Inc. Class A | 18,475 | 11,333 |
* | T-Mobile US Inc. | 70,191 | 8,421 |
* | Roku Inc. | 13,873 | 5,487 |
L3Harris Technologies Inc. | 26,743 | 4,865 | |
Motorola Solutions Inc. | 21,668 | 3,802 | |
* | Liberty Broadband Corp. Class C | 20,404 | 3,051 |
Lumen Technologies Inc. | 138,526 | 1,702 | |
Cable One Inc. | 677 | 1,296 | |
* | Altice USA Inc. Class A | 37,312 | 1,254 |
* | Ciena Corp. | 19,355 | 1,010 |
* | DISH Network Corp. Class A | 31,194 | 983 |
Juniper Networks Inc. | 42,200 | 982 | |
* | Lumentum Holdings Inc. | 9,515 | 856 |
* | Liberty Broadband Corp. Class A | 3,160 | 459 |
* | ViaSat Inc. | 7,534 | 385 |
* | Comm Scope Holding Co. Inc. | 24,268 | 354 |
Ubiquiti Inc. | 1,087 | 347 | |
Telephone and Data Systems Inc. | 12,301 | 220 | |
* | EchoStar Corp. Class A | 6,202 | 141 |
* | U.S. Cellular Corp. | 2,195 | 65 |
156,461 | |||
Utilities (2.6%) | |||
NextEra Energy Inc. | 249,795 | 18,355 | |
Duke Energy Corp. | 93,693 | 8,019 | |
Southern Co. | 134,677 | 7,639 | |
Dominion Energy Inc. | 103,944 | 7,101 | |
Waste Management Inc. | 53,877 | 5,974 | |
Exelon Corp. | 124,120 | 4,791 | |
American Electric Power Co. Inc. | 63,285 | 4,737 | |
Sempra Energy | 36,916 | 4,281 | |
Xcel Energy Inc. | 66,935 | 3,922 | |
Eversource Energy | 43,741 | 3,477 | |
Public Service Enterprise Group Inc. | 64,371 | 3,465 | |
American Water Works Co. Inc. | 23,101 | 3,278 | |
WEC Energy Group Inc. | 40,265 | 3,247 | |
DTE Energy Co. | 24,498 | 2,884 | |
Consolidated Edison Inc. | 42,764 | 2,807 | |
PPL Corp. | 98,392 | 2,577 | |
Edison International | 45,682 | 2,466 | |
Republic Services Inc. Class A | 26,795 | 2,387 | |
FirstEnergy Corp. | 69,272 | 2,296 | |
AES Corp. | 84,489 | 2,244 | |
Entergy Corp. | 25,675 | 2,229 | |
Ameren Corp. | 31,482 | 2,212 | |
CMS Energy Corp. | 36,539 | 1,977 | |
* | PG&E Corp. | 167,724 | 1,763 |
Evergy Inc. | 28,812 | 1,545 | |
Alliant Energy Corp. | 31,876 | 1,471 | |
Atmos Energy Corp. | 15,854 | 1,341 | |
CenterPoint Energy Inc. | 64,575 | 1,255 | |
Essential Utilities Inc. | 28,514 | 1,199 | |
NRG Energy Inc. | 30,910 | 1,129 | |
Vistra Corp. | 61,944 | 1,069 |
Shares | Market Value ($000) | ||
NiSource Inc. | 49,110 | 1,061 | |
UGI Corp. | 26,262 | 1,006 | |
Pinnacle West Capital Corp. | 14,257 | 997 | |
* | Stericycle Inc. | 11,671 | 757 |
OGE Energy Corp. | 25,108 | 735 | |
* | Clean Harbors Inc. | 6,620 | 564 |
IDACORP Inc. | 6,523 | 563 | |
National Fuel Gas Co. | 10,846 | 493 | |
Hawaiian Electric Industries Inc. | 13,379 | 468 | |
Avangrid Inc. | 7,287 | 333 | |
120,114 | |||
Total Common Stocks (Cost $2,963,035) | 4,618,509 | ||
Temporary Cash Investments (0.0%) | |||
Money Market Fund (0.0%) | |||
2,3 | Vanguard Market Liquidity Fund, 0.099% (Cost $368) | 3,683 | 368 |
Total Investments (99.9%) (Cost $2,963,403) | 4,618,877 | ||
Other Assets and Liabilities—Net (0.1%) | 2,665 | ||
Net Assets (100%) | 4,621,542 | ||
Cost is in $000. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $372,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $365,000 was received for securities on loan. |
REIT—Real Estate Investment Trust. |
Shares | Market Value ($000) | ||
Common Stocks (99.7%) | |||
Basic Materials (3.4%) | |||
Linde plc | 149,064 | 36,412 | |
Air Products and Chemicals Inc. | 54,641 | 13,967 | |
Freeport-McMoRan Inc. | 410,476 | 13,919 | |
Dow Inc. | 210,469 | 12,483 | |
Newmont Corp. | 227,789 | 12,387 | |
Ecolab Inc. | 56,689 | 11,868 | |
International Flavors & Fragrances Inc. | 70,571 | 9,563 | |
LyondellBasell Industries NV Class A | 72,711 | 7,496 | |
International Paper Co. | 111,670 | 5,544 | |
Albemarle Corp. | 32,353 | 5,086 | |
Nucor Corp. | 85,026 | 5,086 | |
Celanese Corp. Class A | 32,826 | 4,560 | |
Eastman Chemical Co. | 38,695 | 4,228 | |
FMC Corp. | 29,361 | 2,986 | |
Mosaic Co. | 97,387 | 2,863 | |
CF Industries Holdings Inc. | 60,213 | 2,726 | |
Avery Dennison Corp. | 13,821 | 2,422 | |
Reliance Steel & Aluminum Co. | 18,080 | 2,390 | |
Steel Dynamics Inc. | 57,207 | 2,379 | |
Southern Copper Corp. | 23,664 | 1,688 | |
Huntsman Corp. | 58,426 | 1,595 | |
Fastenal Co. | 30,337 | 1,407 | |
Timken Co. | 17,663 | 1,384 | |
Ashland Global Holdings Inc. | 15,496 | 1,304 | |
Valvoline Inc. | 51,757 | 1,292 | |
Hexcel Corp. | 23,460 | 1,261 | |
Olin Corp. | 39,801 | 1,231 | |
Element Solutions Inc. | 60,737 | 1,096 | |
Chemours Co. | 45,685 | 1,075 | |
* | Univar Solutions Inc. | 46,538 | 927 |
Westlake Chemical Corp. | 9,476 | 811 | |
Cabot Corp. | 15,574 | 767 | |
W R Grace & Co. | 10,079 | 597 | |
Royal Gold Inc. | 5,125 | 532 | |
GrafTech International Ltd. | 18,880 | 223 | |
Scotts Miracle-Gro Co. | 648 | 138 | |
NewMarket Corp. | 308 | 117 | |
175,810 | |||
Consumer Discretionary (12.9%) | |||
* | Walt Disney Co. | 512,985 | 96,975 |
Walmart Inc. | 350,389 | 45,523 | |
Home Depot Inc. | 152,540 | 39,407 | |
McDonald's Corp. | 181,072 | 37,326 | |
Target Corp. | 141,651 | 25,984 | |
General Motors Co. | 353,957 | 18,169 | |
Starbucks Corp. | 140,631 | 15,192 | |
Ford Motor Co. | 1,103,990 | 12,917 | |
Activision Blizzard Inc. | 130,787 | 12,505 | |
Aptiv plc | 75,761 | 11,352 | |
Marriott International Inc. Class A | 76,153 | 11,276 | |
ViacomCBS Inc. Class B | 154,128 | 9,940 | |
Southwest Airlines Co. | 166,879 | 9,701 | |
Hilton Worldwide Holdings Inc. | 77,333 | 9,565 | |
Electronic Arts Inc. | 69,658 | 9,332 | |
Delta Air Lines Inc. | 181,835 | 8,717 | |
Yum! Brands Inc. | 78,925 | 8,171 | |
DR Horton Inc. | 93,695 | 7,202 | |
VF Corp. | 86,005 | 6,806 |
Shares | Market Value ($000) | ||
* | Peloton Interactive Inc. Class A | 54,522 | 6,568 |
Lennar Corp. Class A | 77,516 | 6,431 | |
Yum China Holdings Inc. | 105,718 | 6,326 | |
Expedia Group Inc. | 33,830 | 5,447 | |
Best Buy Co. Inc. | 53,079 | 5,326 | |
Garmin Ltd. | 42,159 | 5,229 | |
* | CarMax Inc. | 42,745 | 5,108 |
Darden Restaurants Inc. | 36,687 | 5,038 | |
MGM Resorts International | 132,862 | 5,021 | |
Costco Wholesale Corp. | 14,750 | 4,882 | |
Royal Caribbean Cruises Ltd. | 51,892 | 4,840 | |
* | Uber Technologies Inc. | 89,990 | 4,657 |
* | United Airlines Holdings Inc. | 81,904 | 4,315 |
TJX Cos. Inc. | 64,423 | 4,251 | |
Genuine Parts Co. | 39,654 | 4,178 | |
Omnicom Group Inc. | 60,191 | 4,137 | |
* | Discovery Inc. Class C | 87,357 | 3,931 |
* | Lyft Inc. Class A | 69,887 | 3,893 |
Carnival Corp. | 144,846 | 3,875 | |
* | NVR Inc. | 853 | 3,839 |
L Brands Inc. | 64,605 | 3,531 | |
PulteGroup Inc. | 76,098 | 3,433 | |
* | Dollar Tree Inc. | 34,656 | 3,403 |
* | LKQ Corp. | 86,310 | 3,400 |
Hasbro Inc. | 36,140 | 3,387 | |
Las Vegas Sands Corp. | 53,948 | 3,377 | |
Tapestry Inc. | 78,822 | 3,322 | |
Whirlpool Corp. | 17,333 | 3,295 | |
Fortune Brands Home & Security Inc. | 38,975 | 3,240 | |
American Airlines Group Inc. | 154,063 | 3,226 | |
Vail Resorts Inc. | 10,407 | 3,218 | |
* | AutoZone Inc. | 2,717 | 3,151 |
Fox Corp. Class A | 93,239 | 3,106 | |
Advance Auto Parts Inc. | 18,469 | 2,961 | |
Wynn Resorts Ltd. | 22,005 | 2,899 | |
Interpublic Group of Cos. Inc. | 110,666 | 2,891 | |
* | Mohawk Industries Inc. | 16,508 | 2,889 |
Lear Corp. | 16,990 | 2,822 | |
BorgWarner Inc. | 60,143 | 2,706 | |
* | Norwegian Cruise Line Holdings Ltd. | 88,808 | 2,625 |
News Corp. Class A | 110,338 | 2,587 | |
Newell Brands Inc. | 108,482 | 2,514 | |
Kohl's Corp. | 44,946 | 2,483 | |
Gentex Corp. | 69,937 | 2,474 | |
* | Liberty Media Corp.-Liberty Formula One Class C | 55,983 | 2,458 |
Aramark | 64,841 | 2,407 | |
Williams-Sonoma Inc. | 18,143 | 2,382 | |
New York Times Co. Class A | 46,130 | 2,360 | |
* | Discovery Inc. Class A | 44,219 | 2,345 |
Service Corp. International | 48,146 | 2,299 | |
Nielsen Holdings plc | 100,788 | 2,259 | |
Ross Stores Inc. | 18,797 | 2,192 | |
Alaska Air Group Inc. | 33,584 | 2,184 | |
PVH Corp. | 20,116 | 2,011 | |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 45,091 | 1,989 |
Estee Lauder Cos. Inc. Class A | 6,589 | 1,884 | |
* | Capri Holdings Ltd. | 39,757 | 1,855 |
Thor Industries Inc. | 15,052 | 1,762 | |
Toll Brothers Inc. | 32,297 | 1,725 | |
Hanesbrands Inc. | 97,323 | 1,722 | |
Polaris Inc. | 14,608 | 1,720 |
Shares | Market Value ($000) | ||
* | Terminix Global Holdings Inc. | 37,662 | 1,695 |
* | IAA Inc. | 28,735 | 1,685 |
Wyndham Hotels & Resorts Inc. | 25,641 | 1,674 | |
* | JetBlue Airways Corp. | 90,261 | 1,663 |
Leggett & Platt Inc. | 36,861 | 1,595 | |
Ralph Lauren Corp. Class A | 13,289 | 1,556 | |
Harley-Davidson Inc. | 42,766 | 1,525 | |
Dolby Laboratories Inc. Class A | 15,570 | 1,520 | |
Fox Corp. Class B | 45,631 | 1,457 | |
AMERCO | 2,526 | 1,452 | |
Travel + Leisure Co. | 23,496 | 1,420 | |
* | TripAdvisor Inc. | 28,270 | 1,403 |
Foot Locker Inc. | 28,879 | 1,389 | |
* | Skechers USA Inc. Class A | 37,385 | 1,368 |
* | Grand Canyon Education Inc. | 13,009 | 1,362 |
Sabre Corp. | 90,231 | 1,325 | |
Qurate Retail Inc. Series A | 106,396 | 1,321 | |
* | Gap Inc. | 50,929 | 1,271 |
Dick's Sporting Goods Inc. | 17,254 | 1,231 | |
* | AutoNation Inc. | 16,360 | 1,227 |
* | Under Armour Inc. Class A | 54,958 | 1,203 |
Nordstrom Inc. | 30,631 | 1,116 | |
Choice Hotels International Inc. | 10,203 | 1,070 | |
* | frontdoor Inc. | 19,834 | 1,039 |
Carter's Inc. | 12,228 | 1,021 | |
* | Madison Square Garden Sports Corp. | 5,195 | 999 |
* | Under Armour Inc. Class C | 54,595 | 994 |
Six Flags Entertainment Corp. | 21,270 | 949 | |
eBay Inc. | 16,133 | 910 | |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 19,380 | 861 |
Hyatt Hotels Corp. Class A | 9,750 | 857 | |
* | Planet Fitness Inc. Class A | 9,853 | 848 |
* | Bright Horizons Family Solutions Inc. | 5,223 | 834 |
Columbia Sportswear Co. | 8,063 | 831 | |
Copa Holdings SA Class A | 8,712 | 799 | |
Extended Stay America Inc. | 49,423 | 795 | |
* | Mattel Inc. | 38,991 | 788 |
Sirius XM Holdings Inc. | 132,965 | 778 | |
News Corp. Class B | 33,642 | 771 | |
Graham Holdings Co. Class B | 1,130 | 679 | |
John Wiley & Sons Inc. Class A | 12,115 | 638 | |
Coty Inc. Class A | 80,494 | 617 | |
Penske Automotive Group Inc. | 8,937 | 608 | |
Nexstar Media Group Inc. Class A | 4,069 | 560 | |
* | Madison Square Garden Entertainment Corp. | 5,044 | 544 |
* | Wayfair Inc. Class A | 1,811 | 523 |
* | Zynga Inc. Class A | 45,454 | 507 |
* | 2U Inc. | 12,775 | 506 |
* | Burlington Stores Inc. | 1,902 | 492 |
Tempur Sealy International Inc. | 13,745 | 459 | |
* | Take-Two Interactive Software Inc. | 2,360 | 435 |
* | Lions Gate Entertainment Corp. Class B | 34,575 | 434 |
* | Ulta Beauty Inc. | 1,113 | 359 |
* | Leslie's Inc. | 13,999 | 340 |
Lennar Corp. Class B | 4,863 | 322 | |
H&R Block Inc. | 15,843 | 305 | |
* | Liberty Media Corp.- Liberty Formula One Class A | 6,979 | 271 |
Rollins Inc. | 7,780 | 258 | |
ViacomCBS Inc. Class A | 3,395 | 218 | |
* | Lions Gate Entertainment Corp. Class A | 13,950 | 203 |
* | Ollie's Bargain Outlet Holdings Inc. | 1,705 | 141 |
Shares | Market Value ($000) | ||
* | Airbnb Inc. Class A | 254 | 52 |
* | Playtika Holding Corp. | 242 | 7 |
* | Caesars Entertainment Inc. | 48 | 4 |
657,930 | |||
Consumer Staples (6.5%) | |||
Procter & Gamble Co. | 381,826 | 47,167 | |
Philip Morris International Inc. | 441,787 | 37,119 | |
CVS Health Corp. | 371,184 | 25,289 | |
Coca-Cola Co. | 453,564 | 22,220 | |
Mondelez International Inc. Class A | 400,909 | 21,312 | |
Colgate-Palmolive Co. | 238,858 | 17,962 | |
PepsiCo Inc. | 104,814 | 13,541 | |
Altria Group Inc. | 297,144 | 12,955 | |
Kimberly-Clark Corp. | 96,384 | 12,369 | |
Walgreens Boots Alliance Inc. | 204,954 | 9,823 | |
Constellation Brands Inc. Class A | 45,162 | 9,671 | |
Corteva Inc. | 212,983 | 9,616 | |
General Mills Inc. | 172,677 | 9,499 | |
Archer-Daniels-Midland Co. | 157,156 | 8,892 | |
Kroger Co. | 219,865 | 7,082 | |
Kraft Heinz Co. | 183,568 | 6,678 | |
Tyson Foods Inc. Class A | 81,705 | 5,529 | |
Conagra Brands Inc. | 137,480 | 4,665 | |
Keurig Dr Pepper Inc. | 126,023 | 3,846 | |
Hormel Foods Corp. | 78,879 | 3,658 | |
J M Smucker Co. | 31,145 | 3,488 | |
Sysco Corp. | 39,592 | 3,153 | |
Bunge Ltd. | 38,139 | 2,921 | |
Kellogg Co. | 47,299 | 2,730 | |
McCormick & Co. Inc. | 31,111 | 2,622 | |
Lamb Weston Holdings Inc. | 31,828 | 2,539 | |
* | U.S. Foods Holding Corp | 62,395 | 2,275 |
Molson Coors Beverage Co. Class B | 50,301 | 2,236 | |
AmerisourceBergen Corp. Class A | 21,735 | 2,200 | |
Casey's General Stores Inc. | 10,367 | 2,094 | |
McKesson Corp. | 11,586 | 1,964 | |
Clorox Co. | 10,307 | 1,866 | |
Ingredion Inc. | 19,039 | 1,717 | |
* | Post Holdings Inc. | 17,821 | 1,712 |
Hershey Co. | 9,352 | 1,362 | |
Campbell Soup Co. | 28,363 | 1,290 | |
Flowers Foods Inc. | 54,928 | 1,195 | |
* | Hain Celestial Group Inc. | 23,977 | 1,011 |
* | Herbalife Nutrition Ltd. | 22,059 | 992 |
Spectrum Brands Holdings Inc. | 11,775 | 913 | |
* | TreeHouse Foods Inc. | 15,793 | 790 |
Nu Skin Enterprises Inc. Class A | 14,333 | 734 | |
Brown-Forman Corp. Class B | 7,259 | 520 | |
* | Beyond Meat Inc. | 2,881 | 419 |
* | Grocery Outlet Holding Corp. | 9,234 | 332 |
Reynolds Consumer Products Inc. | 10,286 | 284 | |
Seaboard Corp. | 78 | 258 | |
* | Pilgrim's Pride Corp. | 9,991 | 224 |
Energizer Holdings Inc. | 3,462 | 145 | |
1 | Albertsons Cos. Inc. Class A | 8,090 | 131 |
Brown-Forman Corp. Class A | 1,938 | 129 | |
* | Sprouts Farmers Market Inc. | 5,071 | 107 |
333,246 | |||
Energy (5.3%) | |||
Exxon Mobil Corp. | 1,201,537 | 65,328 |
Shares | Market Value ($000) | ||
Chevron Corp. | 546,666 | 54,667 | |
ConocoPhillips | 385,228 | 20,036 | |
Schlumberger NV | 393,724 | 10,989 | |
EOG Resources Inc. | 164,745 | 10,636 | |
Phillips 66 | 124,168 | 10,312 | |
Marathon Petroleum Corp. | 182,942 | 9,992 | |
Valero Energy Corp. | 115,497 | 8,891 | |
Pioneer Natural Resources Co. | 57,455 | 8,536 | |
Kinder Morgan Inc. | 550,362 | 8,090 | |
Williams Cos. Inc. | 344,496 | 7,868 | |
Occidental Petroleum Corp. | 238,406 | 6,344 | |
ONEOK Inc. | 126,068 | 5,584 | |
Halliburton Co. | 247,792 | 5,409 | |
Hess Corp. | 77,870 | 5,103 | |
Baker Hughes Co. Class A | 184,894 | 4,526 | |
Devon Energy Corp. | 167,710 | 3,612 | |
Diamondback Energy Inc. | 44,524 | 3,085 | |
Marathon Oil Corp. | 225,493 | 2,503 | |
* | First Solar Inc. | 25,970 | 2,104 |
Cabot Oil & Gas Corp. | 111,032 | 2,055 | |
Targa Resources Corp. | 64,447 | 1,993 | |
NOV Inc. | 110,879 | 1,674 | |
Cimarex Energy Co. | 28,105 | 1,630 | |
HollyFrontier Corp. | 41,685 | 1,579 | |
EQT Corp. | 77,547 | 1,380 | |
Helmerich & Payne Inc. | 29,130 | 837 | |
Equitrans Midstream Corp. | 103,515 | 748 | |
Antero Midstream Corp. | 82,554 | 728 | |
Murphy Oil Corp. | 40,581 | 663 | |
* | Array Technologies Inc. | 14,309 | 531 |
Continental Resources Inc. | 20,847 | 504 | |
267,937 | |||
Financials (19.8%) | |||
* | Berkshire Hathaway Inc. Class B | 533,445 | 128,299 |
JPMorgan Chase & Co. | 859,361 | 126,472 | |
Bank of America Corp. | 2,195,027 | 76,189 | |
Citigroup Inc. | 591,212 | 38,949 | |
Wells Fargo & Co. | 1,065,869 | 38,553 | |
Goldman Sachs Group Inc. | 94,103 | 30,064 | |
BlackRock Inc. | 41,800 | 29,030 | |
Morgan Stanley | 377,471 | 29,016 | |
Charles Schwab Corp. | 390,267 | 24,087 | |
Truist Financial Corp. | 381,756 | 21,745 | |
Chubb Ltd. | 127,691 | 20,760 | |
PNC Financial Services Group Inc. | 120,184 | 20,234 | |
CME Group Inc. | 100,608 | 20,091 | |
U.S. Bancorp | 385,143 | 19,257 | |
MetLife Inc. | 217,783 | 12,544 | |
Intercontinental Exchange Inc. | 101,701 | 11,219 | |
American International Group Inc. | 244,373 | 10,740 | |
Travelers Cos. Inc. | 71,690 | 10,431 | |
Progressive Corp. | 117,971 | 10,140 | |
Prudential Financial Inc. | 111,971 | 9,710 | |
Bank of New York Mellon Corp. | 225,831 | 9,521 | |
Aflac Inc. | 196,674 | 9,419 | |
S&P Global Inc. | 28,027 | 9,231 | |
Allstate Corp. | 86,186 | 9,187 | |
Discover Financial Services | 86,819 | 8,167 | |
First Republic Bank | 48,962 | 8,067 | |
Willis Towers Watson plc | 36,410 | 8,034 | |
T Rowe Price Group Inc. | 47,754 | 7,743 |
Shares | Market Value ($000) | ||
Ameriprise Financial Inc. | 33,439 | 7,398 | |
* | SVB Financial Group | 14,585 | 7,371 |
State Street Corp. | 99,736 | 7,258 | |
KKR & Co. Inc. | 154,049 | 7,018 | |
Fifth Third Bancorp | 201,757 | 6,999 | |
Arthur J Gallagher & Co. | 54,143 | 6,486 | |
Regions Financial Corp. | 270,761 | 5,586 | |
KeyCorp. | 276,070 | 5,560 | |
M&T Bank Corp. | 36,113 | 5,451 | |
Citizens Financial Group Inc. | 120,118 | 5,218 | |
Northern Trust Corp. | 54,791 | 5,212 | |
Hartford Financial Services Group Inc. | 102,047 | 5,173 | |
IHS Markit Ltd. | 51,056 | 4,603 | |
Nasdaq Inc. | 32,247 | 4,459 | |
Ally Financial Inc. | 106,508 | 4,420 | |
Huntington Bancshares Inc. | 284,914 | 4,371 | |
Principal Financial Group Inc. | 76,625 | 4,335 | |
* | Markel Corp. | 3,801 | 4,139 |
Cincinnati Financial Corp. | 42,285 | 4,138 | |
Raymond James Financial Inc. | 34,759 | 4,058 | |
* | Arch Capital Group Ltd. | 111,299 | 3,987 |
Marsh & McLennan Cos. Inc. | 31,937 | 3,680 | |
Signature Bank | 15,609 | 3,408 | |
Equitable Holdings Inc. | 113,586 | 3,359 | |
Annaly Capital Management Inc. | 397,686 | 3,305 | |
Loews Corp. | 66,226 | 3,166 | |
Fidelity National Financial Inc. | 78,003 | 2,986 | |
East West Bancorp Inc. | 40,508 | 2,923 | |
Brown & Brown Inc. | 62,906 | 2,887 | |
Lincoln National Corp. | 48,015 | 2,731 | |
Globe Life Inc. | 29,218 | 2,729 | |
W R Berkley Corp. | 39,341 | 2,728 | |
Comerica Inc. | 39,732 | 2,706 | |
Everest Re Group Ltd. | 11,096 | 2,683 | |
LPL Financial Holdings Inc. | 20,361 | 2,678 | |
First Horizon Corp. | 160,084 | 2,593 | |
Western Alliance Bancorp | 27,863 | 2,550 | |
AGNC Investment Corp. | 154,081 | 2,470 | |
Invesco Ltd. | 107,609 | 2,413 | |
Zions Bancorp NA | 45,180 | 2,402 | |
Cboe Global Markets Inc. | 24,103 | 2,385 | |
Eaton Vance Corp. | 32,318 | 2,362 | |
Reinsurance Group of America Inc. | 19,212 | 2,348 | |
Alleghany Corp. | 3,540 | 2,288 | |
Commerce Bancshares Inc. | 30,044 | 2,224 | |
American Financial Group Inc. | 20,326 | 2,169 | |
People's United Financial Inc. | 120,671 | 2,165 | |
Voya Financial Inc. | 35,116 | 2,117 | |
Assurant Inc. | 16,867 | 2,078 | |
Franklin Resources Inc. | 76,645 | 2,006 | |
TCF Financial Corp. | 43,777 | 1,962 | |
Prosperity Bancshares Inc. | 25,507 | 1,874 | |
Starwood Property Trust Inc. | 79,138 | 1,807 | |
Jefferies Financial Group Inc. | 61,590 | 1,789 | |
SEI Investments Co. | 31,849 | 1,784 | |
Affiliated Managers Group Inc. | 12,595 | 1,763 | |
Synovus Financial Corp. | 40,929 | 1,732 | |
Pinnacle Financial Partners Inc. | 20,631 | 1,675 | |
Cullen/Frost Bankers Inc. | 15,666 | 1,636 | |
First American Financial Corp. | 30,800 | 1,618 | |
RenaissanceRe Holdings Ltd. | 9,471 | 1,581 |
Shares | Market Value ($000) | ||
New York Community Bancorp Inc. | 128,331 | 1,567 | |
Popular Inc. | 23,405 | 1,564 | |
Old Republic International Corp. | 79,009 | 1,527 | |
Interactive Brokers Group Inc. Class A | 21,001 | 1,520 | |
Unum Group | 56,875 | 1,506 | |
* | Athene Holding Ltd. Class A | 32,283 | 1,472 |
Bank OZK | 35,334 | 1,456 | |
Webster Financial Corp. | 25,039 | 1,385 | |
First Citizens BancShares Inc. Class A | 1,809 | 1,335 | |
Evercore Inc. Class A | 11,062 | 1,325 | |
Kemper Corp. | 17,454 | 1,320 | |
SLM Corp. | 80,177 | 1,266 | |
PacWest Bancorp | 34,661 | 1,256 | |
Hanover Insurance Group Inc. | 10,882 | 1,255 | |
Apollo Global Management Inc. Class A | 24,140 | 1,194 | |
New Residential Investment Corp. | 115,705 | 1,189 | |
Sterling Bancorp | 53,966 | 1,178 | |
Wintrust Financial Corp. | 15,941 | 1,174 | |
MGIC Investment Corp. | 94,312 | 1,149 | |
Lazard Ltd. Class A | 28,278 | 1,094 | |
FNB Corp. | 91,043 | 1,077 | |
Axis Capital Holdings Ltd. | 21,080 | 1,065 | |
Umpqua Holdings Corp. | 61,452 | 1,049 | |
White Mountains Insurance Group Ltd. | 862 | 1,030 | |
Carlyle Group Inc. | 29,940 | 1,025 | |
First Hawaiian Inc. | 36,229 | 1,010 | |
* | Brighthouse Financial Inc. | 24,852 | 991 |
Assured Guaranty Ltd. | 21,877 | 967 | |
OneMain Holdings Inc. | 20,572 | 965 | |
Bank of Hawaii Corp. | 11,018 | 964 | |
*,1 | Credit Acceptance Corp. | 2,562 | 930 |
Associated Banc-Corp. | 42,797 | 862 | |
BOK Financial Corp. | 8,737 | 752 | |
Erie Indemnity Co. Class A | 3,048 | 738 | |
Primerica Inc. | 4,275 | 604 | |
* | Lemonade Inc. | 4,220 | 531 |
Santander Consumer USA Holdings Inc. | 20,968 | 524 | |
Mercury General Corp. | 7,644 | 446 | |
*,1 | Rocket Cos. Inc. Class A | 18,890 | 413 |
CNA Financial Corp. | 7,810 | 332 | |
TFS Financial Corp. | 13,647 | 267 | |
Tradeweb Markets Inc. Class A | 3,450 | 251 | |
American National Group Inc. | 2,234 | 201 | |
Morningstar Inc. | 881 | 198 | |
* | GoHealth Inc. Class A | 10,567 | 143 |
Virtu Financial Inc. Class A | 1,781 | 49 | |
* | LendingTree Inc. | 126 | 34 |
1,010,049 | |||
Health Care (12.1%) | |||
Johnson & Johnson | 647,813 | 102,652 | |
Pfizer Inc. | 1,578,375 | 52,860 | |
Medtronic plc | 380,577 | 44,516 | |
Danaher Corp. | 177,604 | 39,014 | |
Abbott Laboratories | 302,112 | 36,187 | |
Bristol-Myers Squibb Co. | 408,946 | 25,081 | |
Gilead Sciences Inc. | 356,034 | 21,860 | |
Thermo Fisher Scientific Inc. | 46,311 | 20,844 | |
Becton Dickinson and Co. | 78,376 | 18,900 | |
Stryker Corp. | 66,207 | 16,068 | |
Anthem Inc. | 52,477 | 15,910 | |
* | Boston Scientific Corp. | 406,125 | 15,750 |
Shares | Market Value ($000) | ||
Cigna Corp. | 73,398 | 15,406 | |
UnitedHealth Group Inc. | 44,958 | 14,936 | |
Agilent Technologies Inc. | 80,080 | 9,775 | |
Zimmer Biomet Holdings Inc. | 58,665 | 9,566 | |
Humana Inc. | 23,145 | 8,787 | |
* | Biogen Inc. | 30,325 | 8,275 |
* | Alexion Pharmaceuticals Inc. | 51,051 | 7,798 |
* | Centene Corp. | 114,903 | 6,726 |
Merck & Co. Inc. | 90,160 | 6,547 | |
Baxter International Inc. | 84,033 | 6,528 | |
* | IQVIA Holdings Inc. | 33,281 | 6,416 |
* | Laboratory Corp. of America Holdings | 26,004 | 6,239 |
HCA Healthcare Inc. | 36,249 | 6,236 | |
* | Catalent Inc. | 46,342 | 5,270 |
* | Viatris Inc. | 351,036 | 5,213 |
Cooper Cos. Inc. | 12,165 | 4,697 | |
Quest Diagnostics Inc. | 37,684 | 4,356 | |
* | Elanco Animal Health Inc. (XNYS) | 128,280 | 4,215 |
STERIS plc | 22,503 | 3,934 | |
* | Varian Medical Systems Inc. | 22,439 | 3,933 |
* | Bio-Rad Laboratories Inc. Class A | 6,001 | 3,508 |
DENTSPLY SIRONA Inc. | 61,862 | 3,283 | |
AbbVie Inc. | 30,020 | 3,234 | |
PerkinElmer Inc. | 25,484 | 3,213 | |
* | QIAGEN NV | 63,616 | 3,181 |
Universal Health Services Inc. Class B | 20,979 | 2,629 | |
* | Jazz Pharmaceuticals plc | 15,417 | 2,591 |
* | Henry Schein Inc. | 40,673 | 2,516 |
* | United Therapeutics Corp. | 12,523 | 2,094 |
Zoetis Inc. | 12,717 | 1,974 | |
Teleflex Inc. | 4,836 | 1,925 | |
* | DaVita Inc. | 17,808 | 1,819 |
Hill-Rom Holdings Inc. | 16,755 | 1,787 | |
* | Envista Holdings Corp. | 44,743 | 1,724 |
* | Hologic Inc. | 22,070 | 1,591 |
Perrigo Co. plc | 38,576 | 1,557 | |
* | Syneos Health Inc. | 19,211 | 1,486 |
* | Integra LifeSciences Holdings Corp. | 20,474 | 1,399 |
* | Globus Medical Inc. Class A | 21,678 | 1,355 |
* | Acadia Healthcare Co. Inc. | 24,483 | 1,352 |
Encompass Health Corp. | 15,534 | 1,250 | |
* | Molina Healthcare Inc. | 5,563 | 1,206 |
* | Exelixis Inc. | 55,220 | 1,196 |
Premier Inc. Class A | 34,083 | 1,153 | |
* | Sage Therapeutics Inc. | 13,257 | 1,127 |
* | Nektar Therapeutics Class A | 49,494 | 1,123 |
Bruker Corp. | 16,608 | 1,013 | |
* | Ionis Pharmaceuticals Inc. | 18,693 | 979 |
* | ICU Medical Inc. | 4,139 | 859 |
* | Alkermes plc | 44,419 | 846 |
Royalty Pharma plc Class A | 17,686 | 824 | |
* | Agios Pharmaceuticals Inc. | 15,561 | 738 |
* | Exact Sciences Corp. | 5,405 | 736 |
* | Charles River Laboratories International Inc. | 1,792 | 513 |
* | Teladoc Health Inc. | 1,916 | 424 |
* | PRA Health Sciences Inc. | 2,697 | 398 |
* | Horizon Therapeutics plc | 4,151 | 377 |
* | BioMarin Pharmaceutical Inc. | 4,727 | 366 |
* | Bluebird Bio Inc. | 9,890 | 308 |
* | PPD Inc. | 6,892 | 242 |
* | Oak Street Health Inc. | 4,445 | 236 |
Shares | Market Value ($000) | ||
Bio-Techne Corp. | 578 | 209 | |
* | Tandem Diabetes Care Inc. | 1,772 | 170 |
* | American Well Corp. Class A | 5,211 | 127 |
* | Haemonetics Corp. | 845 | 107 |
* | Acceleron Pharma Inc. | 700 | 95 |
* | Berkeley Lights Inc. | 1,537 | 95 |
* | Reata Pharmaceuticals Inc. Class A | 632 | 77 |
615,507 | |||
Industrials (15.4%) | |||
Honeywell International Inc. | 199,258 | 40,320 | |
Caterpillar Inc. | 153,663 | 33,173 | |
Boeing Co. | 151,617 | 32,144 | |
General Electric Co. | 2,468,331 | 30,953 | |
Raytheon Technologies Corp. | 404,584 | 29,126 | |
Deere & Co. | 80,021 | 27,937 | |
American Express Co. | 185,757 | 25,126 | |
Fidelity National Information Services Inc. | 175,383 | 24,203 | |
CSX Corp. | 216,744 | 19,843 | |
Union Pacific Corp. | 94,301 | 19,422 | |
Norfolk Southern Corp. | 72,727 | 18,332 | |
FedEx Corp. | 68,503 | 17,434 | |
Global Payments Inc. | 84,436 | 16,718 | |
Capital One Financial Corp. | 128,292 | 15,419 | |
Eaton Corp. plc | 113,380 | 14,761 | |
Emerson Electric Co. | 168,723 | 14,493 | |
* | Fiserv Inc. | 114,703 | 13,233 |
General Dynamics Corp. | 71,965 | 11,764 | |
Johnson Controls International plc | 205,981 | 11,492 | |
United Parcel Service Inc. Class B | 69,155 | 10,915 | |
DuPont de Nemours Inc. | 152,248 | 10,706 | |
Cummins Inc. | 41,781 | 10,579 | |
Trane Technologies plc | 67,903 | 10,405 | |
Parker-Hannifin Corp. | 36,253 | 10,403 | |
Illinois Tool Works Inc. | 49,707 | 10,050 | |
3M Co. | 54,303 | 9,506 | |
PPG Industries Inc. | 66,919 | 9,022 | |
PACCAR Inc. | 96,244 | 8,757 | |
AMETEK Inc. | 64,849 | 7,650 | |
Stanley Black & Decker Inc. | 43,592 | 7,622 | |
Otis Worldwide Corp. | 115,417 | 7,353 | |
* | TransDigm Group Inc. | 11,515 | 6,640 |
Synchrony Financial | 164,191 | 6,351 | |
Vulcan Materials Co. | 37,544 | 6,269 | |
* | United Rentals Inc. | 20,322 | 6,043 |
Martin Marietta Materials Inc. | 17,532 | 5,906 | |
Carrier Global Corp. | 158,454 | 5,788 | |
Kansas City Southern | 26,526 | 5,633 | |
Fortive Corp. | 84,516 | 5,563 | |
* | Trimble Inc. | 70,341 | 5,215 |
Xylem Inc. | 50,878 | 5,065 | |
Dover Corp. | 40,839 | 5,034 | |
* | Keysight Technologies Inc. | 35,049 | 4,960 |
* | Ingersoll Rand Inc. | 98,251 | 4,553 |
* | Waters Corp. | 16,009 | 4,385 |
IDEX Corp. | 21,281 | 4,153 | |
Amcor plc | 378,061 | 4,136 | |
Rockwell Automation Inc. | 16,860 | 4,102 | |
Jacobs Engineering Group Inc. | 35,347 | 4,068 | |
Masco Corp. | 74,113 | 3,944 | |
* | Teledyne Technologies Inc. | 10,201 | 3,785 |
Westinghouse Air Brake Technologies Corp. | 51,162 | 3,706 |
Shares | Market Value ($000) | ||
Packaging Corp. of America | 26,511 | 3,500 | |
Textron Inc. | 64,580 | 3,251 | |
Howmet Aerospace Inc. | 113,031 | 3,177 | |
Westrock Co. | 72,847 | 3,175 | |
* | Crown Holdings Inc. | 32,904 | 3,144 |
Snap-on Inc. | 15,367 | 3,121 | |
Automatic Data Processing Inc. | 17,132 | 2,981 | |
CH Robinson Worldwide Inc. | 31,781 | 2,887 | |
* | XPO Logistics Inc. | 24,479 | 2,854 |
Lennox International Inc. | 9,784 | 2,737 | |
Hubbell Inc. Class B | 15,244 | 2,706 | |
Pentair plc | 46,955 | 2,626 | |
Quanta Services Inc. | 31,247 | 2,620 | |
JB Hunt Transport Services Inc. | 17,466 | 2,565 | |
* | Sensata Technologies Holding plc | 43,858 | 2,513 |
* | AECOM | 43,339 | 2,509 |
Owens Corning | 30,518 | 2,473 | |
Robert Half International Inc. | 31,714 | 2,467 | |
* | WEX Inc. | 11,403 | 2,376 |
AptarGroup Inc. | 18,155 | 2,361 | |
AGCO Corp. | 17,596 | 2,278 | |
* | Middleby Corp. | 15,525 | 2,273 |
Watsco Inc. | 9,328 | 2,268 | |
A O Smith Corp. | 37,491 | 2,226 | |
Western Union Co. | 93,232 | 2,165 | |
Carlisle Cos. Inc. | 14,792 | 2,149 | |
* | Euronet Worldwide Inc. | 14,145 | 2,126 |
ITT Inc. | 24,637 | 2,044 | |
Oshkosh Corp. | 19,258 | 2,041 | |
Brunswick Corp. | 22,529 | 1,991 | |
FLIR Systems Inc. | 37,001 | 1,976 | |
Donaldson Co. Inc. | 31,976 | 1,884 | |
Sealed Air Corp. | 43,881 | 1,839 | |
Huntington Ingalls Industries Inc. | 10,264 | 1,806 | |
Woodward Inc. | 15,648 | 1,787 | |
CoreLogic Inc. | 20,652 | 1,748 | |
Littelfuse Inc. | 6,694 | 1,742 | |
Paychex Inc. | 18,956 | 1,726 | |
Sonoco Products Co. | 28,539 | 1,700 | |
* | Axalta Coating Systems Ltd. | 61,111 | 1,671 |
Expeditors International of Washington Inc. | 18,164 | 1,668 | |
MDU Resources Group Inc. | 57,195 | 1,607 | |
Graco Inc. | 23,127 | 1,604 | |
ManpowerGroup Inc. | 16,408 | 1,550 | |
Regal Beloit Corp. | 11,299 | 1,544 | |
Knight-Swift Transportation Holdings Inc. | 35,521 | 1,535 | |
Equifax Inc. (XNYS) | 8,952 | 1,449 | |
Eagle Materials Inc. | 11,542 | 1,447 | |
Valmont Industries Inc. | 5,902 | 1,396 | |
Air Lease Corp. Class A | 29,819 | 1,368 | |
Flowserve Corp. | 36,666 | 1,357 | |
* | Berry Global Group Inc. | 24,437 | 1,354 |
* | Vontier Corp. | 42,669 | 1,340 |
Acuity Brands Inc. | 10,583 | 1,305 | |
Curtiss-Wright Corp. | 11,793 | 1,303 | |
Genpact Ltd. | 32,176 | 1,301 | |
MSA Safety Inc. | 7,956 | 1,281 | |
Alliance Data Systems Corp. | 13,127 | 1,267 | |
Spirit AeroSystems Holdings Inc. Class A | 29,366 | 1,258 | |
WW Grainger Inc. | 3,314 | 1,235 | |
* | Colfax Corp. | 27,630 | 1,225 |
Shares | Market Value ($000) | ||
nVent Electric plc | 45,711 | 1,200 | |
Crane Co. | 13,669 | 1,146 | |
* | FTI Consulting Inc. | 9,781 | 1,120 |
Lincoln Electric Holdings Inc. | 9,234 | 1,091 | |
MSC Industrial Direct Co. Inc. Class A | 12,510 | 1,078 | |
* | Kirby Corp. | 16,575 | 1,037 |
Northrop Grumman Corp. | 3,525 | 1,028 | |
Ryder System Inc. | 14,602 | 990 | |
Allegion plc | 9,077 | 987 | |
Graphic Packaging Holding Co. | 60,537 | 961 | |
* | AZEK Co. Inc. Class A | 21,394 | 944 |
Cintas Corp. | 2,863 | 929 | |
Silgan Holdings Inc. | 21,994 | 826 | |
Trinity Industries Inc. | 25,291 | 812 | |
Old Dominion Freight Line Inc. | 3,746 | 805 | |
Armstrong World Industries Inc. | 8,389 | 718 | |
Jack Henry & Associates Inc. | 4,648 | 690 | |
MKS Instruments Inc. | 3,959 | 653 | |
Macquarie Infrastructure Corp. | 20,535 | 644 | |
* | Zebra Technologies Corp. Class A | 1,266 | 632 |
Nordson Corp. | 2,970 | 571 | |
BWX Technologies Inc. | 9,559 | 555 | |
* | Generac Holdings Inc. | 1,623 | 535 |
HEICO Corp. Class A | 4,304 | 498 | |
Ball Corp. | 5,790 | 494 | |
RPM International Inc. | 6,095 | 485 | |
* | Mettler-Toledo International Inc. | 399 | 445 |
Allison Transmission Holdings Inc. | 11,141 | 422 | |
TransUnion | 4,752 | 400 | |
Schneider National Inc. Class B | 16,424 | 380 | |
ADT Inc. | 43,492 | 331 | |
HEICO Corp. | 2,554 | 321 | |
Landstar System Inc. | 1,973 | 316 | |
* | Coherent Inc. | 1,266 | 306 |
Toro Co. | 2,991 | 301 | |
* | Gates Industrial Corp. plc | 16,334 | 245 |
* | Mercury Systems Inc. | 2,885 | 189 |
Ardagh Group SA | 6,018 | 153 | |
* | Virgin Galactic Holdings Inc. | 2,447 | 91 |
* | Affirm Holdings Inc. | 66 | 6 |
784,372 | |||
Oil & Gas (0.0%) | |||
* | APA Corp. | 107,170 | 2,115 |
Real Estate (4.5%) | |||
Prologis Inc. | 209,011 | 20,707 | |
Digital Realty Trust Inc. | 79,108 | 10,658 | |
Welltower Inc. | 118,443 | 8,042 | |
* | CBRE Group Inc. Class A | 94,670 | 7,173 |
Weyerhaeuser Co. | 211,559 | 7,166 | |
AvalonBay Communities Inc. | 39,912 | 7,015 | |
SBA Communications Corp. Class A | 27,102 | 6,915 | |
Equity Residential | 104,323 | 6,824 | |
Alexandria Real Estate Equities Inc. | 38,178 | 6,097 | |
Realty Income Corp. | 99,848 | 6,017 | |
* | Zillow Group Inc. Class C | 35,941 | 5,798 |
Ventas Inc. | 106,147 | 5,615 | |
Essex Property Trust Inc. | 18,397 | 4,687 | |
Invitation Homes Inc. | 158,073 | 4,606 | |
Sun Communities Inc. | 30,277 | 4,601 | |
Healthpeak Properties Inc. | 152,219 | 4,428 |
Shares | Market Value ($000) | ||
Boston Properties Inc. | 43,883 | 4,350 | |
Mid-America Apartment Communities Inc. | 32,099 | 4,325 | |
VICI Properties Inc. | 150,757 | 4,297 | |
Duke Realty Corp. | 103,749 | 4,072 | |
Medical Properties Trust Inc. | 159,917 | 3,453 | |
Public Storage | 14,735 | 3,447 | |
UDR Inc. | 82,899 | 3,413 | |
WP Carey Inc. | 49,165 | 3,370 | |
Host Hotels & Resorts Inc. | 198,398 | 3,291 | |
Camden Property Trust | 27,432 | 2,857 | |
Gaming and Leisure Properties Inc. | 61,843 | 2,746 | |
Regency Centers Corp. | 47,939 | 2,626 | |
* | Zillow Group Inc. Class A | 15,321 | 2,602 |
* | Jones Lang LaSalle Inc. | 14,687 | 2,555 |
VEREIT Inc. | 62,386 | 2,433 | |
American Homes 4 Rent Class A | 76,660 | 2,387 | |
Omega Healthcare Investors Inc. | 63,445 | 2,356 | |
STORE Capital Corp. | 68,347 | 2,286 | |
CyrusOne Inc. | 33,815 | 2,219 | |
Simon Property Group Inc. | 19,427 | 2,194 | |
Federal Realty Investment Trust | 21,436 | 2,169 | |
Kilroy Realty Corp. | 34,082 | 2,163 | |
National Retail Properties Inc. | 49,127 | 2,154 | |
Kimco Realty Corp. | 117,342 | 2,151 | |
Vornado Realty Trust | 49,898 | 2,143 | |
Lamar Advertising Co. Class A | 24,128 | 2,089 | |
CubeSmart | 54,990 | 2,032 | |
Americold Realty Trust | 51,776 | 1,814 | |
Equity LifeStyle Properties Inc. | 29,183 | 1,799 | |
Apartment Income REIT Corp. | 42,255 | 1,727 | |
Life Storage Inc. | 20,493 | 1,719 | |
Healthcare Trust of America Inc. Class A | 61,713 | 1,676 | |
Rexford Industrial Realty Inc. | 34,680 | 1,655 | |
Brixmor Property Group Inc. | 82,769 | 1,629 | |
First Industrial Realty Trust Inc. | 36,685 | 1,567 | |
American Campus Communities Inc. | 38,230 | 1,566 | |
Douglas Emmett Inc. | 46,451 | 1,521 | |
Park Hotels & Resorts Inc. | 66,714 | 1,451 | |
SL Green Realty Corp. | 20,633 | 1,425 | |
Cousins Properties Inc. | 41,367 | 1,387 | |
Spirit Realty Capital Inc. | 30,918 | 1,330 | |
Extra Space Storage Inc. | 10,523 | 1,323 | |
Rayonier Inc. | 38,031 | 1,241 | |
Crown Castle International Corp. | 7,852 | 1,223 | |
Iron Mountain Inc. | 33,758 | 1,174 | |
Highwoods Properties Inc. | 28,733 | 1,148 | |
JBG SMITH Properties | 33,965 | 1,078 | |
Hudson Pacific Properties Inc. | 41,906 | 1,072 | |
* | Howard Hughes Corp. | 10,938 | 1,038 |
Equity Commonwealth | 33,957 | 958 | |
EPR Properties | 20,562 | 929 | |
Weingarten Realty Investors | 33,831 | 859 | |
Apple Hospitality REIT Inc. | 58,568 | 835 | |
Outfront Media Inc. | 41,008 | 832 | |
Corporate Office Properties Trust | 31,410 | 817 | |
Brandywine Realty Trust | 46,993 | 575 | |
Paramount Group Inc. | 52,766 | 489 | |
Empire State Realty Trust Inc. Class A | 40,726 | 448 | |
CoreSite Realty Corp. | 3,621 | 441 | |
* | RealPage Inc. | 3,113 | 270 |
Shares | Market Value ($000) | ||
Apartment Investment and Management Co. Class A | 41,467 | 197 | |
231,742 | |||
Technology (8.6%) | |||
Intel Corp. | 1,164,133 | 70,756 | |
* | Alphabet Inc. Class A | 19,055 | 38,528 |
* | Alphabet Inc. Class C | 18,510 | 37,702 |
International Business Machines Corp. | 252,327 | 30,009 | |
* | Micron Technology Inc. | 315,743 | 28,900 |
Texas Instruments Inc. | 130,865 | 22,544 | |
* | Twitter Inc. | 221,397 | 17,061 |
Analog Devices Inc. | 91,712 | 14,291 | |
HP Inc. | 390,234 | 11,305 | |
Cognizant Technology Solutions Corp. Class A | 141,045 | 10,364 | |
Roper Technologies Inc. | 25,474 | 9,620 | |
Marvell Technology Group Ltd. | 189,239 | 9,136 | |
Skyworks Solutions Inc. | 47,165 | 8,387 | |
Corning Inc. | 212,231 | 8,116 | |
Western Digital Corp. | 86,637 | 5,937 | |
* | Autodesk Inc. | 20,794 | 5,739 |
* | Qorvo Inc. | 32,530 | 5,684 |
* | Dell Technologies Class C | 69,271 | 5,616 |
Hewlett Packard Enterprise Co. | 364,121 | 5,302 | |
Maxim Integrated Products Inc. | 50,341 | 4,690 | |
* | ON Semiconductor Corp. | 115,115 | 4,636 |
Amphenol Corp. Class A | 33,750 | 4,242 | |
Oracle Corp. | 64,003 | 4,129 | |
* | salesforce.com Inc. | 18,084 | 3,915 |
* | Nuance Communications Inc. | 79,390 | 3,541 |
* | Cree Inc. | 31,135 | 3,533 |
Citrix Systems Inc. | 25,503 | 3,407 | |
SS&C Technologies Holdings Inc. | 50,550 | 3,350 | |
* | F5 Networks Inc. | 17,328 | 3,292 |
Leidos Holdings Inc. | 34,284 | 3,032 | |
Amdocs Ltd. | 36,903 | 2,798 | |
Broadcom Inc. | 5,861 | 2,754 | |
Microchip Technology Inc. | 17,659 | 2,695 | |
* | Twilio Inc. Class A | 6,829 | 2,683 |
* | Crowdstrike Holdings Inc. Class A | 11,629 | 2,512 |
* | VeriSign Inc. | 11,686 | 2,267 |
* | IPG Photonics Corp. | 9,470 | 2,153 |
* | Guidewire Software Inc. | 19,066 | 2,116 |
* | Arrow Electronics Inc. | 21,042 | 2,110 |
* | Advanced Micro Devices Inc. | 23,752 | 2,007 |
DXC Technology Co. | 71,831 | 1,812 | |
NetApp Inc. | 28,515 | 1,785 | |
National Instruments Corp. | 36,836 | 1,636 | |
* | Pinterest Inc. Class A | 19,192 | 1,546 |
* | Grubhub Inc. | 23,422 | 1,501 |
CDK Global Inc. | 29,918 | 1,500 | |
* | Concentrix Corp. | 11,760 | 1,452 |
Jabil Inc. | 33,285 | 1,437 | |
* | Cirrus Logic Inc. | 16,370 | 1,339 |
* | CACI International Inc. Class A | 6,014 | 1,331 |
* | NCR Corp. | 35,650 | 1,239 |
Xerox Holdings Corp. | 48,291 | 1,230 | |
Science Applications International Corp. | 14,213 | 1,224 | |
SYNNEX Corp. | 11,760 | 1,049 | |
Avnet Inc. | 27,341 | 1,041 | |
* | FireEye Inc. | 47,677 | 921 |
* | Ceridian HCM Holding Inc. | 9,708 | 870 |
* | Synopsys Inc. | 3,525 | 864 |
Shares | Market Value ($000) | ||
* | Arista Networks Inc. | 2,960 | 828 |
* | Akamai Technologies Inc. | 7,898 | 746 |
* | Pure Storage Inc. Class A | 28,943 | 677 |
* | Change Healthcare Inc. | 17,816 | 407 |
* | Teradata Corp. | 7,074 | 284 |
* | Dun & Bradstreet Holdings Inc. | 11,958 | 261 |
Entegris Inc. | 2,373 | 250 | |
* | Manhattan Associates Inc. | 1,886 | 232 |
* | SolarWinds Corp. | 13,573 | 220 |
* | Allegro MicroSystems Inc. | 7,673 | 201 |
* | Aspen Technology Inc. | 1,163 | 175 |
* | Unity Software Inc. | 1,381 | 149 |
* | Jamf Holding Corp. | 3,883 | 145 |
Pegasystems Inc. | 1,008 | 133 | |
McAfee Corp.Class A | 5,613 | 116 | |
* | Duck Creek Technologies Inc. | 1,859 | 88 |
* | Datto Holding Corp. | 3,573 | 83 |
* | Vroom Inc. | 1,235 | 55 |
* | JFrog Ltd. | 712 | 38 |
* | nCino Inc. | 488 | 33 |
* | BigCommerce Holdings Inc. Series 1 | 457 | 27 |
* | Palantir Technologies Inc. Class A | 500 | 12 |
* | Qualtrics International Inc. Class A | 159 | 6 |
* | DoorDash Inc. Class A | 31 | 5 |
* | Bumble Inc. Class A | 76 | 5 |
439,812 | |||
Telecommunications (6.0%) | |||
Comcast Corp. Class A | 1,286,140 | 67,805 | |
Verizon Communications Inc. | 1,174,913 | 64,973 | |
AT&T Inc. | 2,023,872 | 56,446 | |
Cisco Systems Inc. | 1,205,185 | 54,077 | |
* | T-Mobile US Inc. | 155,859 | 18,698 |
* | L3Harris Technologies Inc. | 59,476 | 10,819 |
Motorola Solutions Inc. | 43,292 | 7,597 | |
* | Liberty Broadband Corp. Class C | 45,178 | 6,754 |
Lumen Technologies Inc. | 307,887 | 3,784 | |
* | Charter Communications Inc. Class A | 4,005 | 2,457 |
* | Ciena Corp. | 43,381 | 2,263 |
* | DISH Network Corp. Class A | 69,890 | 2,202 |
Juniper Networks Inc. | 93,075 | 2,167 | |
* | Lumentum Holdings Inc. | 18,808 | 1,693 |
* | Liberty Broadband Corp. Class A | 7,085 | 1,030 |
* | ViaSat Inc. | 16,968 | 868 |
* | Comm Scope Holding Co. Inc. | 50,632 | 739 |
Telephone and Data Systems Inc. | 28,091 | 502 | |
* | EchoStar Corp. Class A | 13,354 | 303 |
* | U.S. Cellular Corp. | 4,734 | 139 |
Ubiquiti Inc. | 400 | 128 | |
305,444 | |||
Utilities (5.2%) | |||
NextEra Energy Inc. | 555,541 | 40,821 | |
Duke Energy Corp. | 208,156 | 17,816 | |
Southern Co. | 300,002 | 17,016 | |
Dominion Energy Inc. | 230,932 | 15,777 | |
Waste Management Inc. | 104,313 | 11,567 | |
Exelon Corp. | 276,004 | 10,654 | |
American Electric Power Co. Inc. | 141,062 | 10,559 | |
Sempra Energy | 82,152 | 9,528 | |
Xcel Energy Inc. | 148,525 | 8,702 | |
Eversource Energy | 97,126 | 7,720 |
Shares | Market Value ($000) | ||
Public Service Enterprise Group Inc. | 142,805 | 7,687 | |
American Water Works Co. Inc. | 51,505 | 7,308 | |
WEC Energy Group Inc. | 89,261 | 7,198 | |
DTE Energy Co. | 54,508 | 6,417 | |
Consolidated Edison Inc. | 95,081 | 6,242 | |
PPL Corp. | 218,854 | 5,732 | |
Edison International | 101,617 | 5,486 | |
Republic Services Inc. Class A | 59,753 | 5,323 | |
FirstEnergy Corp. | 153,160 | 5,076 | |
Entergy Corp. | 57,517 | 4,993 | |
AES Corp. | 186,377 | 4,950 | |
Ameren Corp. | 69,360 | 4,874 | |
CMS Energy Corp. | 80,573 | 4,360 | |
* | PG&E Corp. | 373,734 | 3,928 |
Evergy Inc. | 64,078 | 3,437 | |
Alliant Energy Corp. | 70,803 | 3,268 | |
Atmos Energy Corp. | 35,178 | 2,976 | |
CenterPoint Energy Inc. | 143,070 | 2,781 | |
Essential Utilities Inc. | 63,576 | 2,674 | |
Vistra Corp. | 137,414 | 2,370 | |
NiSource Inc. | 109,128 | 2,357 | |
UGI Corp. | 58,643 | 2,247 | |
Pinnacle West Capital Corp. | 32,107 | 2,245 | |
* | Stericycle Inc. | 26,043 | 1,689 |
OGE Energy Corp. | 56,602 | 1,657 | |
NRG Energy Inc. | 44,849 | 1,638 | |
* | Clean Harbors Inc. | 14,369 | 1,224 |
IDACORP Inc. | 14,102 | 1,216 | |
National Fuel Gas Co. | 24,623 | 1,119 | |
Hawaiian Electric Industries Inc. | 29,920 | 1,046 | |
Avangrid Inc. | 15,829 | 724 | |
264,402 | |||
Total Common Stocks (Cost $4,211,860) | 5,088,366 | ||
Temporary Cash Investments (0.1%) | |||
Money Market Fund (0.1%) | |||
2,3 | Vanguard Market Liquidity Fund, 0.099% (Cost $7,365) | 73,651 | 7,365 |
Total Investments (99.8%) (Cost $4,219,225) | 5,095,731 | ||
Other Assets and Liabilities—Net (0.2%) | 9,561 | ||
Net Assets (100%) | 5,105,292 | ||
Cost is in $000. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $539,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $532,000 was received for securities on loan, of which $531,000 is held in Vanguard Market Liquidity Fund and $1,000 is held in cash. |
REIT—Real Estate Investment Trust. |
Shares | Market Value ($000) | ||
Common Stocks (100.0%) | |||
Basic Materials (0.4%) | |||
Fastenal Co. | 220,696 | 10,234 | |
Ecolab Inc. | 23,690 | 4,960 | |
Scotts Miracle-Gro Co. | 17,854 | 3,805 | |
Air Products and Chemicals Inc. | 13,500 | 3,451 | |
Avery Dennison Corp. | 16,475 | 2,887 | |
Royal Gold Inc. | 22,554 | 2,339 | |
FMC Corp. | 12,114 | 1,232 | |
NewMarket Corp. | 2,715 | 1,029 | |
W R Grace & Co. | 9,521 | 564 | |
30,501 | |||
Consumer Discretionary (20.0%) | |||
* | Amazon.com Inc. | 201,938 | 624,580 |
* | Tesla Inc. | 360,123 | 243,263 |
* | Netflix Inc. | 202,533 | 109,135 |
NIKE Inc. Class B | 583,704 | 78,672 | |
Home Depot Inc. | 255,773 | 66,076 | |
Costco Wholesale Corp. | 185,496 | 61,399 | |
Lowe's Cos. Inc. | 359,974 | 57,506 | |
* | Booking Holdings Inc. | 19,457 | 45,306 |
Starbucks Corp. | 321,016 | 34,679 | |
TJX Cos. Inc. | 462,119 | 30,495 | |
Estee Lauder Cos. Inc. Class A | 94,230 | 26,937 | |
* | Uber Technologies Inc. | 504,698 | 26,118 |
Dollar General Corp. | 119,742 | 22,630 | |
* | Spotify Technology SA | 62,234 | 19,129 |
* | Chipotle Mexican Grill Inc. Class A | 13,241 | 19,094 |
* | Lululemon Athletica Inc. | 54,037 | 16,842 |
eBay Inc. | 285,528 | 16,109 | |
* | Trade Desk Inc. Class A | 19,666 | 15,839 |
Ross Stores Inc. | 134,141 | 15,646 | |
* | O'Reilly Automotive Inc. | 33,980 | 15,200 |
Activision Blizzard Inc. | 143,666 | 13,736 | |
* | Etsy Inc. | 56,153 | 12,369 |
* | Copart Inc. | 97,438 | 10,636 |
McDonald's Corp. | 50,733 | 10,458 | |
* | Take-Two Interactive Software Inc. | 50,254 | 9,270 |
* | Wayfair Inc. Class A | 30,759 | 8,889 |
Tractor Supply Co. | 54,697 | 8,695 | |
* | Ulta Beauty Inc. | 23,733 | 7,650 |
* | AutoZone Inc. | 6,557 | 7,606 |
* | Carvana Co. Class A | 26,538 | 7,524 |
* | Burlington Stores Inc. | 27,463 | 7,108 |
Domino's Pizza Inc. | 18,629 | 6,455 | |
Pool Corp. | 18,313 | 6,131 | |
* | Live Nation Entertainment Inc. | 68,074 | 6,049 |
* | Chegg Inc. | 61,919 | 5,977 |
* | Dollar Tree Inc. | 53,761 | 5,279 |
* | Five Below Inc. | 26,044 | 4,847 |
Las Vegas Sands Corp. | 68,147 | 4,266 | |
* | Floor & Decor Holdings Inc. Class A | 44,778 | 4,258 |
* | Zynga Inc. Class A | 347,703 | 3,877 |
* | Peloton Interactive Inc. Class A | 29,118 | 3,508 |
* | Bright Horizons Family Solutions Inc. | 19,600 | 3,129 |
Rollins Inc. | 93,493 | 3,101 | |
Electronic Arts Inc. | 18,885 | 2,530 | |
Tempur Sealy International Inc. | 66,586 | 2,225 | |
Best Buy Co. Inc. | 19,741 | 1,981 | |
* | Mattel Inc. | 97,126 | 1,962 |
Shares | Market Value ($000) | ||
* | Ollie's Bargain Outlet Holdings Inc. | 23,505 | 1,943 |
Nexstar Media Group Inc. Class A | 13,888 | 1,910 | |
* | Planet Fitness Inc. Class A | 21,652 | 1,864 |
Sirius XM Holdings Inc. | 315,876 | 1,848 | |
Wendy's Co. | 85,396 | 1,745 | |
Wynn Resorts Ltd. | 12,252 | 1,614 | |
H&R Block Inc. | 64,627 | 1,243 | |
Expedia Group Inc. | 7,170 | 1,154 | |
Yum! Brands Inc. | 10,972 | 1,136 | |
World Wrestling Entertainment Inc. Class A | 21,855 | 1,080 | |
* | IAA Inc. | 15,156 | 889 |
Williams-Sonoma Inc. | 6,076 | 798 | |
Yum China Holdings Inc. | 13,284 | 795 | |
* | NVR Inc. | 171 | 770 |
VF Corp. | 8,972 | 710 | |
* | CarMax Inc. | 5,835 | 697 |
BorgWarner Inc. | 14,697 | 661 | |
Vail Resorts Inc. | 1,520 | 470 | |
* | 2U Inc. | 10,485 | 415 |
* | frontdoor Inc. | 6,877 | 360 |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 8,057 | 355 |
Dolby Laboratories Inc. Class A | 3,528 | 344 | |
Polaris Inc. | 2,835 | 334 | |
* | Leslie's Inc. | 11,873 | 288 |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 6,254 | 278 |
* | Airbnb Inc. Class A | 1,191 | 246 |
* | Playtika Holding Corp. | 1,136 | 34 |
1,738,152 | |||
Consumer Staples (3.4%) | |||
Procter & Gamble Co. | 518,695 | 64,074 | |
PepsiCo Inc. | 484,948 | 62,650 | |
Coca-Cola Co. | 1,080,216 | 52,920 | |
Altria Group Inc. | 387,082 | 16,877 | |
* | Monster Beverage Corp. | 175,576 | 15,405 |
Sysco Corp. | 164,146 | 13,071 | |
McKesson Corp. | 57,132 | 9,685 | |
Church & Dwight Co. Inc. | 117,801 | 9,277 | |
Hershey Co. | 54,325 | 7,912 | |
Clorox Co. | 42,405 | 7,677 | |
McCormick & Co. Inc. | 66,356 | 5,592 | |
Brown-Forman Corp. Class B | 69,814 | 4,997 | |
* | Boston Beer Co. Inc. Class A | 4,199 | 4,320 |
AmerisourceBergen Corp. Class A | 33,577 | 3,399 | |
* | Beyond Meat Inc. | 19,693 | 2,865 |
Kellogg Co. | 40,661 | 2,346 | |
Campbell Soup Co. | 46,940 | 2,135 | |
Brown-Forman Corp. Class A | 21,468 | 1,430 | |
Lamb Weston Holdings Inc. | 15,946 | 1,272 | |
* | Sprouts Farmers Market Inc. | 47,310 | 999 |
Energizer Holdings Inc. | 23,412 | 979 | |
* | Grocery Outlet Holding Corp. | 17,659 | 635 |
* | Herbalife Nutrition Ltd. | 6,484 | 292 |
* | Pilgrim's Pride Corp. | 8,397 | 188 |
Reynolds Consumer Products Inc. | 6,194 | 171 | |
1 | Albertsons Cos. Inc. Class A | 10,556 | 171 |
291,339 | |||
Energy (0.3%) | |||
* | Enphase Energy Inc. | 50,239 | 8,845 |
* | Cheniere Energy Inc. | 109,337 | 7,368 |
* | SolarEdge Technologies Inc. | 23,148 | 6,905 |
Shares | Market Value ($000) | ||
Equitrans Midstream Corp. | 18,272 | 132 | |
* | Array Technologies Inc. | 2,358 | 88 |
23,338 | |||
Financials (2.1%) | |||
Aon plc Class A | 107,859 | 24,561 | |
S&P Global Inc. | 67,626 | 22,273 | |
Marsh & McLennan Cos. Inc. | 186,960 | 21,542 | |
Moody's Corp. | 77,278 | 21,243 | |
MSCI Inc. Class A | 38,677 | 16,032 | |
Intercontinental Exchange Inc. | 92,406 | 10,193 | |
MarketAxess Holdings Inc. | 17,501 | 9,730 | |
IHS Markit Ltd. | 102,448 | 9,237 | |
Broadridge Financial Solutions Inc. | 54,067 | 7,704 | |
Progressive Corp. | 79,624 | 6,844 | |
FactSet Research Systems Inc. | 17,733 | 5,389 | |
T Rowe Price Group Inc. | 27,428 | 4,447 | |
Tradeweb Markets Inc. Class A | 33,648 | 2,449 | |
Ares Management Corp. Class A | 46,763 | 2,431 | |
Apollo Global Management Inc. Class A | 40,284 | 1,992 | |
Morningstar Inc. | 8,773 | 1,967 | |
Primerica Inc. | 11,861 | 1,675 | |
Erie Indemnity Co. Class A | 6,829 | 1,653 | |
RenaissanceRe Holdings Ltd. | 8,384 | 1,400 | |
* | LendingTree Inc. | 4,965 | 1,335 |
Cboe Global Markets Inc. | 11,391 | 1,127 | |
Virtu Financial Inc. Class A | 26,519 | 723 | |
SLM Corp. | 41,647 | 658 | |
Lincoln National Corp. | 11,305 | 643 | |
*,1 | Rocket Cos. Inc. Class A | 19,338 | 423 |
Alleghany Corp. | 607 | 392 | |
LPL Financial Holdings Inc. | 2,947 | 388 | |
Brown & Brown Inc. | 6,214 | 285 | |
Axis Capital Holdings Ltd. | 3,829 | 193 | |
Carlyle Group Inc. | 5,243 | 180 | |
* | Credit Acceptance Corp. | 339 | 123 |
179,232 | |||
Health Care (13.3%) | |||
UnitedHealth Group Inc. | 373,905 | 124,219 | |
AbbVie Inc. | 788,542 | 84,958 | |
Eli Lilly and Co. | 401,113 | 82,184 | |
Merck & Co. Inc. | 1,051,104 | 76,331 | |
Amgen Inc. | 277,363 | 62,385 | |
Thermo Fisher Scientific Inc. | 110,399 | 49,688 | |
* | Intuitive Surgical Inc. | 55,098 | 40,596 |
Abbott Laboratories | 315,958 | 37,845 | |
Zoetis Inc. | 204,729 | 31,782 | |
* | Illumina Inc. | 69,843 | 30,690 |
Johnson & Johnson | 168,140 | 26,644 | |
* | Vertex Pharmaceuticals Inc. | 123,556 | 26,262 |
* | Edwards Lifesciences Corp. | 293,374 | 24,379 |
Bristol-Myers Squibb Co. | 391,171 | 23,991 | |
* | Align Technology Inc. | 37,120 | 21,051 |
* | Moderna Inc. | 135,765 | 21,018 |
* | IDEXX Laboratories Inc. | 39,949 | 20,780 |
* | Regeneron Pharmaceuticals Inc. | 46,031 | 20,740 |
* | Veeva Systems Inc. Class A | 64,305 | 18,013 |
* | DexCom Inc. | 43,749 | 17,403 |
ResMed Inc. | 68,098 | 13,128 | |
Stryker Corp. | 53,915 | 13,085 | |
HCA Healthcare Inc. | 66,261 | 11,399 |
Shares | Market Value ($000) | ||
* | Teladoc Health Inc. | 47,949 | 10,601 |
Cerner Corp. | 144,410 | 9,985 | |
West Pharmaceutical Services Inc. | 34,706 | 9,740 | |
Cigna Corp. | 45,732 | 9,599 | |
Anthem Inc. | 30,545 | 9,261 | |
Humana Inc. | 23,903 | 9,075 | |
* | Seagen Inc. | 60,055 | 9,075 |
* | Exact Sciences Corp. | 61,258 | 8,338 |
* | Alnylam Pharmaceuticals Inc. | 54,952 | 8,138 |
* | Insulet Corp. | 31,202 | 8,084 |
Baxter International Inc. | 101,225 | 7,864 | |
* | Horizon Therapeutics plc | 85,496 | 7,772 |
Cardinal Health Inc. | 139,526 | 7,188 | |
* | Novocure Ltd. | 47,963 | 7,151 |
* | ABIOMED Inc. | 21,169 | 6,870 |
* | Incyte Corp. | 86,286 | 6,787 |
* | IQVIA Holdings Inc. | 34,014 | 6,558 |
* | Avantor Inc. | 234,648 | 6,540 |
Bio-Techne Corp. | 16,872 | 6,102 | |
* | Hologic Inc. | 84,625 | 6,101 |
* | BioMarin Pharmaceutical Inc. | 78,375 | 6,069 |
* | Biogen Inc. | 22,135 | 6,040 |
* | Charles River Laboratories International Inc. | 20,563 | 5,884 |
* | Masimo Corp. | 23,251 | 5,830 |
* | Guardant Health Inc. | 38,859 | 5,719 |
Teleflex Inc. | 13,977 | 5,565 | |
* | Repligen Corp. | 24,627 | 5,231 |
* | 10X Genomics Inc. Class A | 27,079 | 4,820 |
* | Neurocrine Biosciences Inc. | 44,009 | 4,819 |
* | Centene Corp. | 81,088 | 4,747 |
* | Penumbra Inc. | 15,589 | 4,434 |
* | Molina Healthcare Inc. | 18,806 | 4,076 |
* | Amedisys Inc. | 15,163 | 3,846 |
* | PRA Health Sciences Inc. | 25,867 | 3,813 |
Chemed Corp. | 7,402 | 3,295 | |
* | Acceleron Pharma Inc. | 23,314 | 3,174 |
* | Sarepta Therapeutics Inc. | 36,175 | 3,149 |
* | Quidel Corp. | 17,789 | 2,922 |
* | Haemonetics Corp. | 22,104 | 2,796 |
* | ACADIA Pharmaceuticals Inc. | 52,557 | 2,574 |
* | Tandem Diabetes Care Inc. | 26,078 | 2,503 |
* | Iovance Biotherapeutics Inc. | 65,028 | 2,426 |
* | Alexion Pharmaceuticals Inc. | 15,825 | 2,417 |
* | PPD Inc. | 64,864 | 2,274 |
* | Adaptive Biotechnologies Corp. | 36,803 | 2,082 |
Encompass Health Corp. | 21,120 | 1,699 | |
* | Ionis Pharmaceuticals Inc. | 30,514 | 1,599 |
Agilent Technologies Inc. | 12,731 | 1,554 | |
PerkinElmer Inc. | 10,342 | 1,304 | |
* | Reata Pharmaceuticals Inc. Class A | 10,597 | 1,296 |
Bruker Corp. | 20,836 | 1,271 | |
* | Global Blood Therapeutics Inc. | 27,847 | 1,186 |
* | Exelixis Inc. | 52,505 | 1,137 |
Cooper Cos. Inc. | 2,863 | 1,106 | |
Royalty Pharma plc Class A | 23,028 | 1,072 | |
* | Varian Medical Systems Inc. | 5,404 | 947 |
* | Laboratory Corp. of America Holdings | 2,507 | 602 |
* | DaVita Inc. | 5,828 | 595 |
* | ICU Medical Inc. | 2,573 | 534 |
* | American Well Corp. Class A | 18,857 | 461 |
* | Oak Street Health Inc. | 8,515 | 452 |
Shares | Market Value ($000) | ||
* | Bluebird Bio Inc. | 13,749 | 428 |
Hill-Rom Holdings Inc. | 3,676 | 392 | |
STERIS plc | 2,182 | 381 | |
* | Syneos Health Inc. | 3,853 | 298 |
* | Berkeley Lights Inc. | 3,133 | 194 |
* | Sage Therapeutics Inc. | 1,763 | 150 |
* | Agios Pharmaceuticals Inc. | 2,681 | 127 |
1,158,690 | |||
Industrials (12.3%) | |||
Visa Inc. Class A | 804,084 | 170,779 | |
Mastercard Inc. Class A | 420,145 | 148,668 | |
* | PayPal Holdings Inc. | 559,327 | 145,341 |
Accenture plc Class A | 303,542 | 76,159 | |
* | Square Inc. Class A | 175,925 | 40,468 |
Lockheed Martin Corp. | 117,782 | 38,898 | |
United Parcel Service Inc. Class B | 225,139 | 35,534 | |
Union Pacific Corp. | 164,846 | 33,952 | |
3M Co. | 176,561 | 30,909 | |
Automatic Data Processing Inc. | 175,958 | 30,620 | |
Sherwin-Williams Co. | 39,222 | 26,684 | |
Northrop Grumman Corp. | 68,300 | 19,920 | |
Illinois Tool Works Inc. | 66,252 | 13,395 | |
Verisk Analytics Inc. Class A | 75,402 | 12,355 | |
Ball Corp. | 141,714 | 12,101 | |
Cintas Corp. | 37,216 | 12,071 | |
* | Mettler-Toledo International Inc. | 10,563 | 11,789 |
* | Zebra Technologies Corp. Class A | 22,725 | 11,350 |
Paychex Inc. | 120,540 | 10,978 | |
* | FleetCor Technologies Inc. | 39,158 | 10,859 |
* | Fiserv Inc. | 80,762 | 9,318 |
* | Generac Holdings Inc. | 26,363 | 8,688 |
Old Dominion Freight Line Inc. | 39,840 | 8,556 | |
* | StoneCo. Ltd. Class A | 95,891 | 8,228 |
TransUnion | 82,091 | 6,913 | |
Equifax Inc. (XNYS) | 42,465 | 6,874 | |
Cognex Corp. | 80,022 | 6,609 | |
Rockwell Automation Inc. | 26,946 | 6,555 | |
* | Fair Isaac Corp. | 13,240 | 6,058 |
WW Grainger Inc. | 15,409 | 5,743 | |
* | Bill.Com Holdings Inc. | 34,681 | 5,723 |
Carrier Global Corp. | 147,167 | 5,376 | |
* | Trex Co. Inc. | 54,609 | 5,004 |
Booz Allen Hamilton Holding Corp. Class A | 64,055 | 4,941 | |
* | Axon Enterprise Inc. | 29,707 | 4,916 |
Toro Co. | 45,357 | 4,571 | |
Expeditors International of Washington Inc. | 48,907 | 4,492 | |
Nordson Corp. | 22,492 | 4,328 | |
Jack Henry & Associates Inc. | 28,618 | 4,248 | |
* | Keysight Technologies Inc. | 29,586 | 4,187 |
RPM International Inc. | 50,187 | 3,997 | |
HEICO Corp. Class A | 30,394 | 3,518 | |
* | Paylocity Holding Corp. | 18,041 | 3,449 |
MKS Instruments Inc. | 19,579 | 3,229 | |
* | TransDigm Group Inc. | 5,565 | 3,209 |
Allegion plc | 28,636 | 3,115 | |
Graco Inc. | 39,368 | 2,730 | |
Landstar System Inc. | 14,796 | 2,369 | |
* | Coherent Inc. | 9,465 | 2,290 |
HEICO Corp. | 16,783 | 2,111 | |
BWX Technologies Inc. | 29,015 | 1,683 | |
JB Hunt Transport Services Inc. | 10,765 | 1,581 |
Shares | Market Value ($000) | ||
Genpact Ltd. | 34,711 | 1,404 | |
* | Mercury Systems Inc. | 21,175 | 1,384 |
Lincoln Electric Holdings Inc. | 11,585 | 1,368 | |
Allison Transmission Holdings Inc. | 34,687 | 1,315 | |
Amcor plc | 114,255 | 1,250 | |
* | Berry Global Group Inc. | 21,701 | 1,202 |
Quanta Services Inc. | 13,513 | 1,133 | |
* | Virgin Galactic Holdings Inc. | 26,763 | 996 |
* | Pluralsight Inc. Class A | 43,801 | 902 |
CH Robinson Worldwide Inc. | 9,889 | 898 | |
Western Union Co. | 38,459 | 893 | |
Armstrong World Industries Inc. | 8,393 | 718 | |
* | Crown Holdings Inc. | 6,529 | 624 |
MSA Safety Inc. | 3,839 | 618 | |
* | Waters Corp. | 2,212 | 606 |
Graphic Packaging Holding Co. | 28,199 | 448 | |
* | WEX Inc. | 1,770 | 369 |
Donaldson Co. Inc. | 6,253 | 368 | |
Huntington Ingalls Industries Inc. | 1,805 | 318 | |
* | AZEK Co. Inc. Class A | 7,005 | 309 |
* | XPO Logistics Inc. | 2,098 | 245 |
CoreLogic Inc. | 2,061 | 174 | |
* | Affirm Holdings Inc. | 330 | 31 |
1,065,012 | |||
Real Estate (1.8%) | |||
American Tower Corp. | 210,063 | 45,401 | |
Crown Castle International Corp. | 184,595 | 28,751 | |
Equinix Inc. | 42,294 | 27,421 | |
* | CoStar Group Inc. | 18,544 | 15,276 |
Simon Property Group Inc. | 121,048 | 13,669 | |
Public Storage | 46,807 | 10,950 | |
Extra Space Storage Inc. | 41,789 | 5,253 | |
* | RealPage Inc. | 36,778 | 3,191 |
Iron Mountain Inc. | 80,220 | 2,791 | |
Equity LifeStyle Properties Inc. | 33,939 | 2,092 | |
SBA Communications Corp. Class A | 7,179 | 1,831 | |
CoreSite Realty Corp. | 12,909 | 1,571 | |
* | Zillow Group Inc. Class C | 6,194 | 999 |
* | Zillow Group Inc. Class A | 4,175 | 709 |
Americold Realty Trust | 9,386 | 329 | |
Brookfield Property REIT Inc. Class A | 13,354 | 234 | |
160,468 | |||
Technology (45.6%) | |||
Apple Inc. | 7,685,725 | 931,971 | |
Microsoft Corp. | 3,566,326 | 828,743 | |
* | Facebook Inc. Class A | 1,143,605 | 294,616 |
* | Alphabet Inc. Class A | 110,952 | 224,335 |
* | Alphabet Inc. Class C | 107,447 | 218,855 |
NVIDIA Corp. | 281,148 | 154,232 | |
* | Adobe Inc. | 229,131 | 105,325 |
* | salesforce.com Inc. | 387,118 | 83,811 |
Broadcom Inc. | 178,290 | 83,773 | |
QUALCOMM Inc. | 535,984 | 72,996 | |
Applied Materials Inc. | 436,250 | 51,560 | |
Oracle Corp. | 789,723 | 50,945 | |
* | ServiceNow Inc. | 92,609 | 49,403 |
Intuit Inc. | 120,019 | 46,824 | |
* | Advanced Micro Devices Inc. | 530,350 | 44,820 |
Lam Research Corp. | 69,026 | 39,151 | |
Texas Instruments Inc. | 217,567 | 37,480 |
Shares | Market Value ($000) | ||
* | Zoom Video Communications Inc. Class A | 81,344 | 30,391 |
KLA Corp. | 73,828 | 22,978 | |
* | Twilio Inc. Class A | 56,870 | 22,343 |
* | Workday Inc. Class A | 83,752 | 20,534 |
* | DocuSign Inc. Class A | 84,840 | 19,230 |
* | Autodesk Inc. | 69,482 | 19,177 |
* | Cadence Design Systems Inc. | 131,341 | 18,531 |
* | Synopsys Inc. | 66,763 | 16,371 |
* | Match Group Inc. | 106,614 | 16,296 |
* | Palo Alto Networks Inc. | 44,321 | 15,881 |
Xilinx Inc. | 116,476 | 15,177 | |
* | Atlassian Corp. plc Class A | 62,459 | 14,847 |
* | Okta Inc. | 54,723 | 14,307 |
* | RingCentral Inc. Class A | 37,442 | 14,159 |
* | ANSYS Inc. | 40,835 | 13,924 |
Microchip Technology Inc. | 88,982 | 13,581 | |
* | Pinterest Inc. Class A | 158,629 | 12,782 |
* | Crowdstrike Holdings Inc. Class A | 52,534 | 11,347 |
* | Coupa Software Inc. | 32,588 | 11,284 |
* | Splunk Inc. | 75,660 | 10,820 |
* | Fortinet Inc. | 63,119 | 10,658 |
CDW Corp. | 67,422 | 10,578 | |
Amphenol Corp. Class A | 82,162 | 10,326 | |
* | HubSpot Inc. | 19,619 | 10,104 |
Teradyne Inc. | 78,412 | 10,085 | |
* | EPAM Systems Inc. | 25,180 | 9,408 |
* | MongoDB Inc. | 24,289 | 9,374 |
* | Paycom Software Inc. | 23,414 | 8,762 |
* | Tyler Technologies Inc. | 18,814 | 8,719 |
* | IAC/Inter Active Corp. | 35,543 | 8,702 |
* | Zendesk Inc. | 55,014 | 8,040 |
Monolithic Power Systems Inc. | 20,809 | 7,793 | |
* | Slack Technologies Inc. Class A | 181,334 | 7,422 |
* | Gartner Inc. | 40,970 | 7,335 |
* | Zscaler Inc. | 34,343 | 7,041 |
* | Datadog Inc. Class A | 72,254 | 6,894 |
* | PTC Inc. | 49,401 | 6,765 |
* | GoDaddy Inc. Class A | 80,024 | 6,492 |
* | Arista Networks Inc. | 22,826 | 6,388 |
Entegris Inc. | 59,986 | 6,311 | |
* | Avalara Inc. | 39,165 | 6,147 |
* | Akamai Technologies Inc. | 63,027 | 5,956 |
* | Black Knight Inc. | 72,255 | 5,541 |
* | VeriSign Inc. | 28,357 | 5,502 |
* | Five9 Inc. | 29,458 | 5,457 |
*,1 | VMware Inc. Class A | 38,199 | 5,279 |
NortonLifeLock Inc. | 259,370 | 5,060 | |
* | Aspen Technology Inc. | 29,666 | 4,465 |
* | Dynatrace Inc. | 86,579 | 4,308 |
Universal Display Corp. | 20,224 | 4,281 | |
* | Elastic NV | 31,521 | 4,236 |
* | Anaplan Inc. | 63,061 | 4,098 |
Maxim Integrated Products Inc. | 42,007 | 3,914 | |
* | Globant SA | 18,158 | 3,899 |
* | Cloudflare Inc. Class A | 51,938 | 3,842 |
* | Inphi Corp. | 22,791 | 3,751 |
* | Smartsheet Inc. Class A | 52,700 | 3,649 |
NetApp Inc. | 56,464 | 3,535 | |
* | Ceridian HCM Holding Inc. | 38,247 | 3,429 |
Analog Devices Inc. | 21,218 | 3,306 | |
* | Manhattan Associates Inc. | 26,855 | 3,302 |
Shares | Market Value ($000) | ||
* | Proofpoint Inc. | 27,002 | 3,265 |
* | Nutanix Inc. Class A | 90,733 | 2,748 |
* | Fastly Inc. Class A | 37,245 | 2,741 |
* | Dropbox Inc. Class A | 116,837 | 2,634 |
Roper Technologies Inc. | 6,909 | 2,609 | |
* | Everbridge Inc. | 16,348 | 2,505 |
* | Alteryx Inc. Class A | 25,369 | 2,425 |
Pegasystems Inc. | 16,925 | 2,240 | |
Vertiv Holdings Co. Class A | 104,994 | 2,198 | |
Citrix Systems Inc. | 15,967 | 2,133 | |
* | Change Healthcare Inc. | 84,661 | 1,936 |
* | Medallia Inc. | 41,500 | 1,675 |
* | Teradata Corp. | 40,037 | 1,605 |
* | Pure Storage Inc. Class A | 65,809 | 1,539 |
* | New Relic Inc. | 24,183 | 1,479 |
SS&C Technologies Holdings Inc. | 22,278 | 1,477 | |
* | PagerDuty Inc. | 32,618 | 1,459 |
Cognizant Technology Solutions Corp. Class A | 18,181 | 1,336 | |
* | Unity Software Inc. | 11,601 | 1,249 |
* | Guidewire Software Inc. | 7,534 | 836 |
Switch Inc. Class A | 36,637 | 635 | |
* | Dell Technologies Class C | 7,727 | 626 |
* | Duck Creek Technologies Inc. | 12,586 | 595 |
Jabil Inc. | 13,369 | 577 | |
Leidos Holdings Inc. | 6,262 | 554 | |
* | Dun & Bradstreet Holdings Inc. | 21,432 | 469 |
* | FireEye Inc. | 23,439 | 453 |
* | Vroom Inc. | 9,716 | 430 |
* | CACI International Inc. Class A | 1,940 | 429 |
* | nCino Inc. | 5,744 | 393 |
CDK Global Inc. | 7,351 | 369 | |
Science Applications International Corp. | 3,534 | 304 | |
*,1 | JFrog Ltd. | 5,525 | 296 |
* | Jamf Holding Corp. | 7,365 | 275 |
* | Grubhub Inc. | 4,167 | 267 |
* | BigCommerce Holdings Inc. Series 1 | 4,518 | 267 |
* | IPG Photonics Corp. | 1,070 | 243 |
* | Allegro MicroSystems Inc. | 9,159 | 239 |
McAfee Corp.Class A | 9,326 | 193 | |
* | Datto Holding Corp. | 5,973 | 139 |
* | Palantir Technologies Inc. Class A | 2,257 | 54 |
* | Qualtrics International Inc. Class A | 721 | 27 |
* | DoorDash Inc. Class A | 141 | 24 |
* | Bumble Inc. Class A | 350 | 24 |
3,960,925 | |||
Telecommunications (0.8%) | |||
* | Charter Communications Inc. Class A | 62,241 | 38,180 |
* | Roku Inc. | 51,807 | 20,489 |
Cable One Inc. | 2,533 | 4,850 | |
* | Altice USA Inc. Class A | 138,651 | 4,660 |
Motorola Solutions Inc. | 8,391 | 1,472 | |
Ubiquiti Inc. | 3,323 | 1,060 | |
* | Lumentum Holdings Inc. | 3,772 | 340 |
* | Comm Scope Holding Co. Inc. | 4,886 | 71 |
71,122 | |||
Utilities (0.0%) | |||
Waste Management Inc. | 25,954 | 2,878 | |
NRG Energy Inc. | 40,262 | 1,470 | |
4,348 | |||
Total Common Stocks (Cost $5,015,651) | 8,683,127 |
Shares | Market Value ($000) | ||
Temporary Cash Investments (0.0%) | |||
Money Market Fund (0.0%) | |||
2,3 | Vanguard Market Liquidity Fund, 0.099% (Cost $2,922) | 29,226 | 2,923 |
Total Investments (100.0%) (Cost $5,018,573) | 8,686,050 | ||
Other Assets and Liabilities—Net (0.0%) | (3,152) | ||
Net Assets (100%) | 8,682,898 | ||
Cost is in $000. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $2,787,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $2,917,000 was received for securities on loan. |
REIT—Real Estate Investment Trust. |
All rights reserved.
Vanguard Marketing Corporation, Distributor.
Shares | Market Value ($000) | ||
Common Stocks (100.1%) | |||
Basic Materials (3.9%) | |||
Cleveland-Cliffs Inc. | 821,249 | 10,956 | |
Rexnord Corp. | 217,076 | 9,758 | |
* | RBC Bearings Inc. | 44,426 | 8,843 |
* | Alcoa Corp. | 337,956 | 8,297 |
U.S. Steel Corp. | 470,770 | 7,820 | |
Avient Corp. | 164,820 | 7,124 | |
Balchem Corp. | 58,014 | 6,925 | |
Quaker Chemical Corp. | 23,976 | 6,770 | |
UFP Industries Inc. | 107,917 | 6,583 | |
Hecla Mining Co. | 941,484 | 6,148 | |
Sensient Technologies Corp. | 76,551 | 5,960 | |
Commercial Metals Co. | 214,275 | 5,389 | |
* | Ingevity Corp. | 74,819 | 5,198 |
Stepan Co. | 38,884 | 4,693 | |
Trinseo SA | 69,049 | 4,468 | |
Innospec Inc. | 44,167 | 4,437 | |
Minerals Technologies Inc. | 61,492 | 4,380 | |
Worthington Industries Inc. | 65,898 | 4,210 | |
Mueller Industries Inc. | 100,969 | 4,103 | |
* | Coeur Mining Inc. | 436,955 | 3,937 |
* | Arconic Corp. | 179,609 | 3,937 |
Compass Minerals International Inc. | 61,541 | 3,883 | |
Domtar Corp. | 99,283 | 3,678 | |
* | Novagold Resources Inc. | 428,908 | 3,581 |
Boise Cascade Co. | 70,353 | 3,513 | |
Carpenter Technology Corp. | 85,614 | 3,481 | |
Tronox Holdings plc Class A | 183,804 | 3,371 | |
Kaiser Aluminum Corp. | 28,326 | 3,232 | |
*,1 | Amyris Inc. | 192,073 | 2,651 |
Schweitzer-Mauduit International Inc. | 55,973 | 2,614 | |
Materion Corp. | 36,540 | 2,502 | |
* | GCP Applied Technologies Inc. | 88,039 | 2,183 |
* | Kraton Corp. | 56,272 | 2,093 |
Orion Engineered Carbons SA | 108,710 | 1,924 | |
U.S. Silica Holdings Inc. | 132,468 | 1,763 | |
Neenah Inc. | 30,187 | 1,670 | |
Schnitzer Steel Industries Inc. Class A | 46,499 | 1,606 | |
* | AdvanSix Inc. | 49,295 | 1,370 |
Glatfelter Corp. | 79,029 | 1,268 | |
* | Koppers Holdings Inc. | 37,050 | 1,238 |
* | Century Aluminum Co. | 88,929 | 1,221 |
*,1 | Energy Fuels Inc. | 233,343 | 1,211 |
Hawkins Inc. | 17,473 | 1,094 | |
PQ Group Holdings Inc. | 69,481 | 1,067 | |
* | Rayonier Advanced Materials Inc. | 112,204 | 1,038 |
* | Clearwater Paper Corp. | 29,050 | 1,017 |
American Vanguard Corp. | 51,764 | 1,010 | |
Omega Flex Inc. | 5,283 | 911 | |
* | Uranium Energy Corp. | 354,065 | 751 |
Tredegar Corp. | 47,392 | 722 | |
Verso Corp. Class A | 57,055 | 713 | |
FutureFuel Corp. | 46,848 | 688 | |
* | TimkenSteel Corp. | 80,215 | 648 |
Haynes International Inc. | 22,526 | 629 | |
* | Unifi Inc. | 24,683 | 615 |
* | Gatos Silver Inc. | 43,108 | 602 |
* | Intrepid Potash Inc. | 17,154 | 509 |
* | NN Inc. | 75,643 | 462 |
* | Ryerson Holding Corp. | 29,101 | 370 |
Shares | Market Value ($000) | ||
Gold Resource Corp. | 120,261 | 324 | |
* | Marrone Bio Innovations Inc. | 122,970 | 314 |
Olympic Steel Inc. | 16,760 | 299 | |
Caledonia Mining Corp. plc | 20,814 | 295 | |
Eastern Co. | 9,718 | 248 | |
* | AgroFresh Solutions Inc. | 57,266 | 137 |
NL Industries Inc. | 15,479 | 87 | |
Valhi Inc. | 593 | 11 | |
194,550 | |||
Consumer Discretionary (16.4%) | |||
* | Penn National Gaming Inc. | 281,041 | 32,539 |
* | Caesars Entertainment Inc. | 324,807 | 30,350 |
Lithia Motors Inc. Class A | 46,877 | 17,530 | |
* | Deckers Outdoor Corp. | 50,467 | 16,458 |
Churchill Downs Inc. | 68,547 | 15,809 | |
* | RH | 28,462 | 13,957 |
* | SiteOne Landscape Supply Inc. | 79,229 | 12,559 |
* | Digital Turbine Inc. | 151,897 | 12,542 |
Marriott Vacations Worldwide Corp. | 73,026 | 12,393 | |
Texas Roadhouse Inc. Class A | 118,459 | 10,766 | |
*,1 | GameStop Corp. Class A | 103,191 | 10,499 |
* | BJ's Wholesale Club Holdings Inc. | 247,008 | 9,925 |
* | YETI Holdings Inc. | 144,263 | 9,921 |
* | Fox Factory Holding Corp. | 74,620 | 9,488 |
* | Crocs Inc. | 120,450 | 9,241 |
* | Boyd Gaming Corp. | 146,626 | 8,607 |
Macy's Inc. | 563,807 | 8,575 | |
* | Stitch Fix Inc. Class A | 108,912 | 8,311 |
* | Shake Shack Inc. Class A | 63,298 | 7,500 |
Wingstop Inc. | 53,476 | 7,281 | |
TEGNA Inc. | 395,873 | 7,217 | |
Goodyear Tire & Rubber Co. | 416,536 | 7,002 | |
American Eagle Outfitters Inc. | 272,189 | 6,995 | |
* | National Vision Holdings Inc. | 145,188 | 6,895 |
* | Sleep Number Corp. | 48,881 | 6,703 |
Cracker Barrel Old Country Store Inc. | 42,776 | 6,625 | |
KB Home | 159,218 | 6,429 | |
* | Spirit Airlines Inc. | 177,233 | 6,359 |
* | Visteon Corp. | 50,006 | 6,359 |
LCI Industries | 44,485 | 6,270 | |
* | Taylor Morrison Home Corp. Class A | 227,835 | 6,268 |
* | Cardlytics Inc. | 47,226 | 6,254 |
Dana Inc. | 261,197 | 6,219 | |
* | iRobot Corp. | 49,775 | 6,178 |
Bed Bath & Beyond Inc. | 228,856 | 6,147 | |
PROG Holdings Inc. | 121,721 | 6,086 | |
Murphy USA Inc. | 48,701 | 6,071 | |
* | Hilton Grand Vacations Inc. | 153,569 | 6,067 |
Allegiant Travel Co. Class A | 23,567 | 5,943 | |
* | Asbury Automotive Group Inc. | 34,769 | 5,892 |
* | Adient plc | 158,714 | 5,885 |
* | Sonos Inc. | 145,473 | 5,665 |
* | Meritage Homes Corp. | 67,137 | 5,660 |
* | Stamps.com Inc. | 30,684 | 5,582 |
Brinker International Inc. | 80,909 | 5,550 | |
Steven Madden Ltd. | 148,518 | 5,494 | |
MDC Holdings Inc. | 94,376 | 5,339 | |
Papa John's International Inc. | 59,029 | 5,324 | |
* | Avis Budget Group Inc. | 94,922 | 5,273 |
Cooper Tire & Rubber Co. | 90,934 | 5,205 | |
* | Overstock.com Inc. | 77,003 | 5,172 |
Shares | Market Value ($000) | ||
Wolverine World Wide Inc. | 145,760 | 5,094 | |
Rent-A-Center Inc. | 87,529 | 5,056 | |
SkyWest Inc. | 89,012 | 5,018 | |
* | Scientific Games Corp. Class A | 103,223 | 4,834 |
* | Dorman Products Inc. | 48,065 | 4,793 |
Group 1 Automotive Inc. | 31,426 | 4,791 | |
Callaway Golf Co. | 168,316 | 4,704 | |
Signet Jewelers Ltd. | 94,016 | 4,680 | |
* | SeaWorld Entertainment Inc. | 91,609 | 4,549 |
Big Lots Inc. | 70,897 | 4,505 | |
* | LGI Homes Inc. | 40,092 | 4,380 |
Cinemark Holdings Inc. | 193,022 | 4,333 | |
* | Tri Pointe Homes Inc. | 227,384 | 4,320 |
* | Urban Outfitters Inc. | 124,328 | 4,215 |
Cheesecake Factory Inc. | 76,558 | 4,207 | |
* | Skyline Champion Corp. | 94,750 | 4,193 |
* | Gentherm Inc. | 59,147 | 4,187 |
Jack in the Box Inc. | 40,912 | 4,187 | |
Herman Miller Inc. | 106,469 | 4,084 | |
PriceSmart Inc. | 41,056 | 3,960 | |
Strategic Education Inc. | 43,507 | 3,956 | |
Kontoor Brands Inc. | 93,024 | 3,930 | |
Bloomin' Brands Inc. | 158,111 | 3,927 | |
Winnebago Industries Inc. | 56,057 | 3,902 | |
ODP Corp. | 99,466 | 3,807 | |
Monro Inc. | 59,584 | 3,694 | |
* | Adtalem Global Education Inc. | 93,982 | 3,693 |
Red Rock Resorts Inc. Class A | 118,680 | 3,581 | |
* | Cavco Industries Inc. | 16,570 | 3,495 |
La-Z-Boy Inc. | 80,428 | 3,427 | |
* | AMC Networks Inc. Class A | 51,220 | 3,359 |
* | Vista Outdoor Inc. | 105,150 | 3,324 |
* | Knowles Corp. | 159,733 | 3,321 |
* | Glu Mobile Inc. | 263,237 | 3,285 |
International Game Technology plc | 179,251 | 3,278 | |
* | Sally Beauty Holdings Inc. | 203,306 | 3,273 |
Dave & Buster's Entertainment Inc. | 79,707 | 3,237 | |
KAR Auction Services Inc. | 232,720 | 3,237 | |
Rush Enterprises Inc. Class A | 73,603 | 3,123 | |
* | Boot Barn Holdings Inc. | 51,500 | 3,112 |
Abercrombie & Fitch Co. Class A | 112,335 | 3,075 | |
* | Clean Energy Fuels Corp. | 234,347 | 3,056 |
* | Central Garden & Pet Co. Class A | 71,022 | 2,948 |
* | RealReal Inc. | 114,638 | 2,928 |
* | Century Communities Inc. | 52,680 | 2,915 |
* | Gray Television Inc. | 156,559 | 2,841 |
* | Malibu Boats Inc. Class A | 37,019 | 2,759 |
HNI Corp. | 76,849 | 2,735 | |
* | Tupperware Brands Corp. | 88,418 | 2,703 |
* | Laureate Education Inc. Class A | 193,985 | 2,667 |
Acushnet Holdings Corp. | 61,761 | 2,608 | |
* | M/I Homes Inc. | 50,279 | 2,509 |
* | WW International Inc. | 84,938 | 2,505 |
Sinclair Broadcast Group Inc. Class A | 79,610 | 2,462 | |
* | At Home Group Inc. | 96,843 | 2,439 |
Inter Parfums Inc. | 32,133 | 2,351 | |
* | G-III Apparel Group Ltd. | 79,598 | 2,292 |
Oxford Industries Inc. | 29,502 | 2,249 | |
* | Everi Holdings Inc. | 147,779 | 2,233 |
Dine Brands Global Inc. | 28,147 | 2,227 | |
* | BJ's Restaurants Inc. | 39,689 | 2,204 |
Shares | Market Value ($000) | ||
Hawaiian Holdings Inc. | 81,818 | 2,194 | |
Steelcase Inc. Class A | 155,332 | 2,165 | |
* | Quotient Technology Inc. | 157,179 | 2,109 |
* | elf Beauty Inc. | 81,574 | 2,092 |
Sturm Ruger & Co. Inc. | 30,509 | 2,081 | |
* | QuinStreet Inc. | 84,542 | 2,020 |
Buckle Inc. | 52,430 | 2,015 | |
* | Michaels Cos. Inc. | 133,923 | 2,009 |
* | American Axle & Manufacturing Holdings Inc. | 202,518 | 1,979 |
* | Denny's Corp. | 111,824 | 1,962 |
Matthews International Corp. Class A | 54,876 | 1,959 | |
Sonic Automotive Inc. Class A | 41,996 | 1,936 | |
Bally's Corp. | 32,306 | 1,923 | |
* | Hibbett Sports Inc. | 29,684 | 1,907 |
EW Scripps Co. Class A | 100,810 | 1,897 | |
Camping World Holdings Inc. Class A | 59,111 | 1,850 | |
* | Imax Corp. | 88,997 | 1,840 |
* | Liberty Media Corp.- Liberty Braves Class C | 62,888 | 1,810 |
Guess? Inc. | 71,465 | 1,802 | |
Meredith Corp. | 71,390 | 1,769 | |
* | Children's Place Inc. | 25,474 | 1,764 |
* | Stride Inc. | 72,876 | 1,753 |
* | Selectquote Inc. | 56,425 | 1,721 |
Smith & Wesson Brands Inc. | 99,533 | 1,713 | |
* | Zumiez Inc. | 37,621 | 1,696 |
* | MarineMax Inc. | 37,194 | 1,661 |
* | GoPro Inc. Class A | 220,632 | 1,659 |
* | Perdoceo Education Corp. | 124,578 | 1,603 |
Standard Motor Products Inc. | 37,917 | 1,593 | |
* | iHeartMedia Inc. Class A | 109,823 | 1,545 |
* | Monarch Casino & Resort Inc. | 22,819 | 1,544 |
* | America's Car-Mart Inc. | 11,368 | 1,535 |
Viad Corp. | 36,463 | 1,526 | |
Scholastic Corp. | 52,391 | 1,509 | |
*,1 | Corsair Gaming Inc. | 41,300 | 1,480 |
Knoll Inc. | 90,021 | 1,468 | |
* | Chuy's Holdings Inc. | 35,533 | 1,457 |
* | XPEL Inc. | 30,071 | 1,454 |
* | Stoneridge Inc. | 47,000 | 1,441 |
* | Cars.com Inc. | 121,955 | 1,423 |
Citi Trends Inc. | 17,947 | 1,398 | |
* | Universal Electronics Inc. | 23,964 | 1,394 |
Designer Brands Inc. Class A | 110,689 | 1,382 | |
Franchise Group Inc. | 39,233 | 1,376 | |
* | Aaron's Co. Inc. | 60,726 | 1,333 |
Ruth's Hospitality Group Inc. | 58,108 | 1,325 | |
Interface Inc. Class A | 104,911 | 1,303 | |
* | Sportsman's Warehouse Holdings Inc. | 76,721 | 1,300 |
* | 1-800-Flowers.com Inc. Class A | 45,534 | 1,288 |
* | Lumber Liquidators Holdings Inc. | 51,424 | 1,274 |
* | Academy Sports and Outdoors Inc. | 52,509 | 1,258 |
* | Fossil Group Inc. | 82,260 | 1,245 |
* | Gannett Co. Inc. | 239,057 | 1,183 |
* | Houghton Mifflin Harcourt Co. | 191,408 | 1,168 |
* | Genesco Inc. | 25,937 | 1,166 |
Johnson Outdoors Inc. Class A | 9,466 | 1,142 | |
1 | AMC Entertainment Holdings Inc. Class A | 139,180 | 1,115 |
* | Purple Innovation Inc. Class A | 29,932 | 1,101 |
* | CarParts.com Inc. | 61,625 | 1,093 |
* | Cooper-Standard Holdings Inc. | 30,056 | 1,077 |
Haverty Furniture Cos. Inc. | 29,330 | 1,061 |
Shares | Market Value ($000) | ||
Ethan Allen Interiors Inc. | 41,054 | 1,052 | |
Dillard's Inc. Class A | 13,053 | 1,040 | |
Caleres Inc. | 65,139 | 1,033 | |
* | Tenneco Inc. Class A | 92,448 | 1,030 |
* | Lovesac Co. | 17,581 | 1,014 |
* | Accel Entertainment Inc. Class A | 91,086 | 1,010 |
* | Nautilus Inc. | 54,250 | 999 |
* | Boston Omaha Corp. Class A | 23,323 | 979 |
RCI Hospitality Holdings Inc. | 15,185 | 976 | |
Carriage Services Inc. Class A | 29,482 | 972 | |
* | Lindblad Expeditions Holdings Inc. | 46,643 | 972 |
Winmark Corp. | 5,439 | 960 | |
National Presto Industries Inc. | 9,212 | 943 | |
Entercom Communications Corp. Class A | 210,394 | 940 | |
* | MSG Networks Inc. Class A | 54,278 | 921 |
* | Beazer Homes USA Inc. | 51,685 | 913 |
OneSpaWorld Holdings Ltd. | 81,839 | 893 | |
* | Red Robin Gourmet Burgers Inc. | 28,075 | 862 |
* | Master Craft Boat Holdings Inc. | 33,203 | 851 |
* | Green Brick Partners Inc. | 43,017 | 849 |
*,1 | Akoustis Technologies Inc. | 59,308 | 847 |
Kimball International Inc. Class B | 64,515 | 835 | |
Shoe Carnival Inc. | 16,840 | 824 | |
* | Central Garden & Pet Co. | 17,590 | 802 |
Systemax Inc. | 22,209 | 802 | |
Marcus Corp. | 40,521 | 796 | |
* | Liquidity Services Inc. | 50,271 | 785 |
* | American Public Education Inc. | 26,111 | 769 |
Clarus Corp. | 43,910 | 762 | |
* | Turtle Beach Corp. | 25,325 | 757 |
* | VOXX International Corp. Class A | 35,738 | 741 |
* | Liberty TripAdvisor Holdings Inc. Class A | 129,612 | 730 |
* | Motorcar Parts of America Inc. | 33,979 | 723 |
* | Golden Entertainment Inc. | 30,377 | 718 |
Hooker Furniture Corp. | 21,171 | 716 | |
* | Daily Journal Corp. | 2,038 | 698 |
* | Lands' End Inc. | 20,976 | 693 |
* | Mesa Air Group Inc. | 53,629 | 654 |
Movado Group Inc. | 28,386 | 647 | |
* | El Pollo Loco Holdings Inc. | 33,352 | 611 |
* | Liberty Media Corp.- Liberty Braves Class A | 20,478 | 602 |
* | Funko Inc. Class A | 43,700 | 593 |
Chico's FAS Inc. | 215,404 | 579 | |
* | OneWater Marine Inc. Class A | 15,458 | 550 |
Del Taco Restaurants Inc. | 53,927 | 541 | |
* | Container Store Group Inc. | 35,143 | 539 |
* | Eros International plc | 293,790 | 538 |
* | Noodles & Co. Class A | 56,657 | 535 |
Rocky Brands Inc. | 12,276 | 535 | |
National CineMedia Inc. | 111,323 | 525 | |
* | American Outdoor Brands Inc. | 24,936 | 499 |
* | Regis Corp. | 42,389 | 498 |
* | Fiesta Restaurant Group Inc. | 32,495 | 496 |
Cato Corp. Class A | 38,868 | 480 | |
* | Fluent Inc. | 75,708 | 479 |
Tribune Publishing Co. | 28,051 | 476 | |
Rush Enterprises Inc. Class B | 12,009 | 456 | |
Superior Group of Cos. Inc. | 19,135 | 456 | |
* | Conn's Inc. | 31,284 | 444 |
* | Lakeland Industries Inc. | 13,812 | 434 |
* | Tilly's Inc. Class A | 39,820 | 411 |
Shares | Market Value ($000) | ||
* | PlayAGS Inc. | 48,031 | 392 |
* | Carrols Restaurant Group Inc. | 63,284 | 391 |
* | Century Casinos Inc. | 48,366 | 390 |
* | Casper Sleep Inc. | 46,161 | 387 |
Escalade Inc. | 18,561 | 367 | |
Bluegreen Vacations Holding Class A | 22,790 | 362 | |
* | Aspen Group Inc. | 40,070 | 356 |
* | Vera Bradley Inc. | 36,475 | 346 |
* | LiveXLive Media Inc. | 84,747 | 336 |
* | Alta Equipment Group Inc. | 31,699 | 336 |
Entravision Communications Corp. Class A | 106,221 | 332 | |
* | Universal Technical Institute Inc. | 52,027 | 319 |
* | Express Inc. | 116,477 | 313 |
Nathan's Famous Inc. | 5,224 | 312 | |
Lifetime Brands Inc. | 22,177 | 288 | |
* | Duluth Holdings Inc. Class B | 19,511 | 273 |
A-Mark Precious Metals Inc. | 8,847 | 252 | |
Emerald Holding Inc. | 44,854 | 245 | |
*,1 | Eastman Kodak Co. | 28,046 | 242 |
* | Biglari Holdings Inc. Class B | 1,984 | 232 |
* | Legacy Housing Corp. | 14,589 | 229 |
Hamilton Beach Brands Holding Co. Class A | 12,525 | 220 | |
Marine Products Corp. | 13,063 | 220 | |
* | Gaia Inc. Class A | 21,926 | 209 |
Weyco Group Inc. | 10,943 | 192 | |
* | Kura Sushi USA Inc. Class A | 6,338 | 189 |
*,1 | Radius Global Infrastructure Inc. Class A | 12,724 | 144 |
Saga Communications Inc. Class A | 6,748 | 140 | |
* | Petco Health & Wellness Co. Inc. | 5,922 | 118 |
* | ContextLogic Inc. Class A | 4,661 | 91 |
* | Envela Corp. | 14,264 | 75 |
* | Driven Brands Holdings Inc. | 2,551 | 73 |
Bluegreen Vacations Corp. | 8,876 | 71 | |
* | Biglari Holdings Inc. Class A | 86 | 50 |
CompX International Inc. | 2,632 | 37 | |
* | Dream Finders Homes Inc. Class A | 1,034 | 24 |
* | Motorsport Games Inc. Class A | 900 | 24 |
* | Poshmark Inc. Class A | 224 | 13 |
817,357 | |||
Consumer Staples (3.1%) | |||
* | Darling Ingredients Inc. | 290,193 | 18,294 |
* | Performance Food Group Co. | 236,305 | 12,817 |
* | Freshpet Inc. | 73,678 | 11,485 |
* | Helen of Troy Ltd. | 45,634 | 9,893 |
WD-40 Co. | 24,566 | 7,658 | |
Lancaster Colony Corp. | 34,165 | 5,968 | |
Sanderson Farms Inc. | 36,395 | 5,550 | |
Medifast Inc. | 20,387 | 5,158 | |
* | Simply Good Foods Co. | 153,814 | 4,487 |
J & J Snack Foods Corp. | 26,970 | 4,282 | |
Primo Water Corp. | 281,604 | 4,024 | |
* | Celsius Holdings Inc. | 64,195 | 3,822 |
1 | B&G Foods Inc. | 115,036 | 3,489 |
Vector Group Ltd. | 251,657 | 3,435 | |
* | Hostess Brands Inc. Class A | 226,278 | 3,256 |
* | GrowGeneration Corp. | 66,360 | 3,028 |
Edgewell Personal Care Co. | 98,432 | 3,011 | |
Core-Mark Holding Co. Inc. | 80,467 | 2,622 | |
* | United Natural Foods Inc. | 98,297 | 2,600 |
* | Cal-Maine Foods Inc. | 66,890 | 2,549 |
Calavo Growers Inc. | 29,628 | 2,229 |
Shares | Market Value ($000) | ||
Universal Corp. | 43,770 | 2,224 | |
Coca-Cola Consolidated Inc. | 8,501 | 2,182 | |
National Beverage Corp. | 42,492 | 2,025 | |
* | USANA Health Sciences Inc. | 20,810 | 2,020 |
* | Rite Aid Corp. | 98,632 | 1,931 |
* | Chefs' Warehouse Inc. | 54,262 | 1,690 |
* | BellRing Brands Inc. Class A | 71,538 | 1,625 |
MGP Ingredients Inc. | 23,248 | 1,485 | |
Andersons Inc. | 56,030 | 1,465 | |
Fresh Del Monte Produce Inc. | 55,888 | 1,439 | |
John B Sanfilippo & Son Inc. | 15,642 | 1,352 | |
ACCO Brands Corp. | 166,691 | 1,350 | |
Ingles Markets Inc. Class A | 25,662 | 1,333 | |
*,1 | Veru Inc. | 95,540 | 1,320 |
PetMed Express Inc. | 35,434 | 1,230 | |
SpartanNash Co. | 64,189 | 1,170 | |
Turning Point Brands Inc. | 21,319 | 1,049 | |
Weis Markets Inc. | 17,277 | 923 | |
Tootsie Roll Industries Inc. | 28,732 | 885 | |
* | Seneca Foods Corp. Class A | 11,734 | 639 |
* | Landec Corp. | 46,913 | 523 |
*,1 | Vital Farms Inc. | 18,533 | 503 |
* | HF Foods Group Inc. | 64,436 | 475 |
Limoneira Co. | 29,341 | 450 | |
*,1 | NewAge Inc. | 170,917 | 450 |
Village Super Market Inc. Class A | 15,471 | 357 | |
Oil-Dri Corp. of America | 9,319 | 313 | |
Alico Inc. | 9,413 | 279 | |
* | Mission Produce Inc. | 12,949 | 271 |
* | Nature's Sunshine Products Inc. | 15,778 | 260 |
Natural Grocers by Vitamin Cottage Inc. | 16,543 | 233 | |
* | Farmer Bros Co. | 29,711 | 232 |
* | Lifevantage Corp. | 25,013 | 219 |
*,1 | Laird Superfood Inc. | 5,504 | 217 |
* | Calyxt Inc. | 18,589 | 177 |
* | Greenlane Holdings Inc. Class A | 19,402 | 104 |
* | Hydrofarm Holdings Group Inc. | 1,133 | 72 |
* | Bridgford Foods Corp. | 2,921 | 45 |
154,174 | |||
Energy (3.7%) | |||
* | Plug Power Inc. | 717,565 | 34,716 |
Ovintiv Inc. (XNYS) | 472,379 | 10,898 | |
*,1 | FuelCell Energy Inc. | 519,402 | 8,799 |
* | ChampionX Corp. | 335,382 | 7,134 |
* | PDC Energy Inc. | 180,060 | 6,293 |
* | Renewable Energy Group Inc. | 68,982 | 5,365 |
* | CNX Resources Corp. | 401,447 | 5,062 |
Arcosa Inc. | 87,639 | 4,972 | |
*,1 | SunPower Corp. | 138,131 | 4,803 |
* | Southwestern Energy Co. | 1,166,852 | 4,726 |
* | Matador Resources Co. | 198,894 | 4,155 |
* | Antero Resources Corp. | 437,714 | 3,939 |
* | Range Resources Corp. | 386,095 | 3,722 |
* | Transocean Ltd. | 1,054,460 | 3,659 |
World Fuel Services Corp. | 112,824 | 3,506 | |
SM Energy Co. | 205,599 | 2,850 | |
Delek US Holdings Inc. | 112,598 | 2,765 | |
Cactus Inc. Class A | 85,741 | 2,732 | |
* | Magnolia Oil & Gas Corp. Class A | 223,163 | 2,691 |
* | TPI Composites Inc. | 55,503 | 2,645 |
* | Ameresco Inc. Class A | 44,410 | 2,537 |
Shares | Market Value ($000) | ||
PBF Energy Inc. Class A | 174,589 | 2,479 | |
Patterson-UTI Energy Inc. | 329,799 | 2,440 | |
Archrock Inc. | 233,642 | 2,409 | |
Kosmos Energy Ltd. | 725,554 | 2,235 | |
* | Dril-Quip Inc. | 62,956 | 2,138 |
* | Oceaneering International Inc. | 179,756 | 2,121 |
* | NOW Inc. | 197,516 | 2,100 |
* | Golar LNG Ltd. | 164,268 | 1,855 |
Warrior Met Coal Inc. | 92,814 | 1,779 | |
* | ProPetro Holding Corp. | 144,661 | 1,659 |
DMC Global Inc. | 26,202 | 1,650 | |
Liberty Oilfield Services Inc. Class A | 133,574 | 1,561 | |
* | Green Plains Inc. | 61,409 | 1,555 |
Nabors Industries Ltd. | 12,626 | 1,402 | |
* | NexTier Oilfield Solutions Inc. | 292,391 | 1,360 |
Arch Resources Inc. | 27,332 | 1,310 | |
* | Par Pacific Holdings Inc. | 72,092 | 1,274 |
* | Frank's International NV | 280,701 | 1,272 |
* | Helix Energy Solutions Group Inc. | 256,031 | 1,254 |
* | MRC Global Inc. | 141,281 | 1,235 |
CVR Energy Inc. | 53,116 | 1,173 | |
* | American Superconductor Corp. | 48,689 | 1,158 |
Brigham Minerals Inc. Class A | 76,679 | 1,097 | |
* | Bonanza Creek Energy Inc. | 34,146 | 1,090 |
* | Contango Oil & Gas Co. | 207,987 | 1,013 |
SunCoke Energy Inc. | 150,465 | 961 | |
* | Tellurian Inc. | 302,615 | 935 |
* | REX American Resources Corp. | 9,921 | 933 |
* | Tidewater Inc. | 73,328 | 914 |
* | Oil States International Inc. | 107,548 | 788 |
* | Select Energy Services Inc. Class A | 106,912 | 676 |
* | RPC Inc. | 104,474 | 663 |
* | Matrix Service Co. | 47,189 | 640 |
Berry Corp. | 122,557 | 608 | |
Solaris Oilfield Infrastructure Inc. Class A | 51,343 | 606 | |
* | CONSOL Energy Inc. | 54,191 | 586 |
*,1 | Maxeon Solar Technologies Ltd. | 17,278 | 582 |
* | W&T Offshore Inc. | 170,870 | 562 |
* | Newpark Resources Inc. | 160,916 | 557 |
* | National Energy Services Reunited Corp. | 37,341 | 495 |
* | Peabody Energy Corp. | 112,276 | 483 |
* | Shoals Technologies Group Inc. Class A | 12,951 | 422 |
* | Penn Virginia Corp. | 24,784 | 363 |
* | Bristow Group Inc. | 11,839 | 315 |
* | Trecora Resources | 43,631 | 310 |
* | Earthstone Energy Inc. Class A | 42,669 | 302 |
Falcon Minerals Corp. | 68,895 | 272 | |
* | Exterran Corp. | 48,235 | 264 |
* | Comstock Resources Inc. | 42,853 | 245 |
* | Talos Energy Inc. | 22,236 | 235 |
Evolution Petroleum Corp. | 53,686 | 191 | |
NACCO Industries Inc. Class A | 6,765 | 169 | |
* | Goodrich Petroleum Corp. | 16,955 | 165 |
* | Array Technologies Inc. | 4,118 | 153 |
Adams Resources & Energy Inc. | 3,767 | 110 | |
* | NextDecade Corp. | 39,460 | 78 |
* | Whiting Petroleum Corp. | 2,227 | 76 |
* | PrimeEnergy Resources Corp. | 1,043 | 49 |
* | Independence Contract Drilling Inc. | 361 | 2 |
183,298 |
Shares | Market Value ($000) | ||
Financials (14.9%) | |||
Stifel Financial Corp. | 180,294 | 11,012 | |
First Financial Bankshares Inc. | 232,485 | 10,383 | |
South State Corp. | 126,225 | 9,954 | |
Glacier Bancorp Inc. | 172,777 | 9,365 | |
Valley National Bancorp | 718,451 | 8,801 | |
United Bankshares Inc. | 223,295 | 8,251 | |
Essent Group Ltd. | 198,933 | 8,202 | |
CIT Group Inc. | 178,028 | 8,074 | |
RLI Corp. | 71,411 | 7,451 | |
Blackstone Mortgage Trust Inc. Class A | 248,608 | 7,259 | |
Selective Insurance Group Inc. | 106,667 | 7,235 | |
Radian Group Inc. | 345,445 | 7,047 | |
* | Texas Capital Bancshares Inc. | 91,271 | 6,955 |
Community Bank System Inc. | 95,256 | 6,781 | |
Home BancShares Inc. | 276,015 | 6,746 | |
Kinsale Capital Group Inc. | 38,091 | 6,706 | |
BankUnited Inc. | 165,593 | 6,655 | |
UMB Financial Corp. | 78,720 | 6,642 | |
CNO Financial Group Inc. | 250,327 | 6,023 | |
Houlihan Lokey Inc. Class A | 93,225 | 5,925 | |
Hancock Whitney Corp. | 155,731 | 5,879 | |
* | Cannae Holdings Inc. | 155,665 | 5,814 |
Pacific Premier Bancorp Inc. | 144,241 | 5,813 | |
Columbia Banking System Inc. | 129,539 | 5,737 | |
Simmons First National Corp. Class A | 195,229 | 5,716 | |
Ameris Bancorp | 119,684 | 5,702 | |
Investors Bancorp Inc. | 416,246 | 5,553 | |
* | eXp World Holdings Inc. | 89,794 | 5,423 |
BancorpSouth Bank | 178,605 | 5,369 | |
Old National Bancorp | 295,819 | 5,363 | |
* | Eastern Bankshares Inc. | 298,872 | 5,263 |
* | Trupanion Inc. | 54,365 | 5,260 |
Hamilton Lane Inc. Class A | 57,863 | 5,173 | |
Atlantic Union Bankshares Corp. | 140,530 | 5,162 | |
Cathay General Bancorp | 136,877 | 5,152 | |
Walker & Dunlop Inc. | 51,092 | 5,092 | |
Independent Bank Corp. (XNGS) | 59,189 | 5,061 | |
CVB Financial Corp. | 232,998 | 4,988 | |
Moelis & Co. Class A | 95,226 | 4,917 | |
WSFS Financial Corp. | 90,571 | 4,813 | |
* | Axos Financial Inc. | 103,035 | 4,767 |
Artisan Partners Asset Management Inc. Class A | 99,222 | 4,713 | |
United Community Banks Inc. | 140,764 | 4,654 | |
Independent Bank Group Inc. | 66,748 | 4,652 | |
FirstCash Inc. | 73,276 | 4,640 | |
* | Enstar Group Ltd. | 21,711 | 4,616 |
Federated Hermes Inc. | 171,502 | 4,583 | |
Cadence BanCorp. Class A | 222,151 | 4,559 | |
PennyMac Financial Services Inc. | 76,509 | 4,530 | |
American Equity Investment Life Holding Co. | 163,729 | 4,524 | |
Fulton Financial Corp. | 286,567 | 4,427 | |
ServisFirst Bancshares Inc. | 87,912 | 4,357 | |
Hilltop Holdings Inc. | 129,753 | 4,287 | |
* | Mr Cooper Group Inc. | 135,349 | 4,257 |
International Bancshares Corp. | 96,388 | 4,201 | |
Washington Federal Inc. | 135,984 | 4,109 | |
Navient Corp. | 331,486 | 4,104 | |
First Merchants Corp. | 97,335 | 4,093 | |
First BanCorp. | 388,875 | 4,079 | |
First Midwest Bancorp Inc. | 205,925 | 4,073 |
Shares | Market Value ($000) | ||
Chimera Investment Corp. | 346,888 | 4,003 | |
First Financial Bancorp | 175,058 | 3,927 | |
Renasant Corp. | 98,306 | 3,861 | |
WesBanco Inc. | 117,573 | 3,795 | |
Flagstar Bancorp Inc. | 86,862 | 3,769 | |
* | Silvergate Capital Corp. Class A | 28,292 | 3,609 |
Two Harbors Investment Corp. | 495,310 | 3,576 | |
Towne Bank | 120,742 | 3,482 | |
Arbor Realty Trust Inc. | 207,930 | 3,466 | |
Trustmark Corp. | 113,263 | 3,416 | |
* | NMI Holdings Inc. Class A | 148,368 | 3,392 |
Apollo Commercial Real Estate Finance Inc. | 255,034 | 3,389 | |
PennyMac Mortgage Investment Trust | 177,270 | 3,363 | |
* | Seacoast Banking Corp. of Florida | 93,194 | 3,350 |
Piper Sandler Cos. | 31,333 | 3,331 | |
First Interstate BancSystem Inc. Class A | 72,912 | 3,312 | |
Virtus Investment Partners Inc. | 13,162 | 3,302 | |
Bank of NT Butterfield & Son Ltd. | 90,476 | 3,301 | |
MFA Financial Inc. | 819,806 | 3,296 | |
Banner Corp. | 62,713 | 3,247 | |
* | Focus Financial Partners Inc. Class A | 68,550 | 3,223 |
Park National Corp. | 25,867 | 3,208 | |
* | Triumph Bancorp Inc. | 40,853 | 3,133 |
Capitol Federal Financial Inc. | 234,926 | 3,127 | |
Sandy Spring Bancorp Inc. | 83,133 | 3,124 | |
* | Palomar Holdings Inc. | 36,514 | 3,108 |
Goosehead Insurance Inc. Class A | 23,812 | 3,085 | |
Lakeland Financial Corp. | 44,611 | 3,076 | |
* | PRA Group Inc. | 81,374 | 2,999 |
Northwest Bancshares Inc. | 211,214 | 2,982 | |
Heartland Financial USA Inc. | 62,698 | 2,931 | |
PJT Partners Inc. Class A | 41,951 | 2,925 | |
Horace Mann Educators Corp. | 74,861 | 2,885 | |
New York Mortgage Trust Inc. | 682,915 | 2,848 | |
* | Genworth Financial Inc. Class A | 911,608 | 2,844 |
Cohen & Steers Inc. | 44,164 | 2,843 | |
Westamerica BanCorp. | 46,950 | 2,822 | |
Eagle Bancorp Inc. | 57,706 | 2,821 | |
Live Oak Bancshares Inc. | 50,986 | 2,810 | |
Hope Bancorp Inc. | 211,568 | 2,784 | |
Waddell & Reed Financial Inc. Class A | 110,966 | 2,784 | |
NBT Bancorp Inc. | 76,654 | 2,777 | |
* | eHealth Inc. | 46,399 | 2,757 |
Argo Group International Holdings Ltd. | 58,507 | 2,704 | |
Great Western Bancorp Inc. | 99,730 | 2,676 | |
Meta Financial Group Inc. | 60,030 | 2,659 | |
Provident Financial Services Inc. | 129,425 | 2,618 | |
BGC Partners Inc. Class A | 557,900 | 2,499 | |
Veritex Holdings Inc. | 85,490 | 2,486 | |
James River Group Holdings Ltd. | 53,888 | 2,474 | |
FB Financial Corp. | 56,801 | 2,409 | |
ProAssurance Corp. | 96,488 | 2,388 | |
Broadmark Realty Capital Inc. | 231,954 | 2,380 | |
OceanFirst Financial Corp. | 107,097 | 2,327 | |
First Commonwealth Financial Corp. | 172,327 | 2,311 | |
1 | iStar Inc. | 129,348 | 2,292 |
Nelnet Inc. Class A | 31,153 | 2,262 | |
B Riley Financial Inc. | 34,158 | 2,248 | |
Stewart Information Services Corp. | 47,456 | 2,240 | |
Ladder Capital Corp. Class A | 190,914 | 2,184 | |
BancFirst Corp. | 33,804 | 2,159 |
Shares | Market Value ($000) | ||
City Holding Co. | 27,809 | 2,092 | |
First Busey Corp. | 90,860 | 2,080 | |
National Bank Holdings Corp. Class A | 53,066 | 2,056 | |
Premier Financial Corp. | 66,860 | 2,050 | |
First Bancorp | 50,804 | 2,046 | |
TriCo Bancshares | 47,506 | 2,046 | |
Safety Insurance Group Inc. | 25,777 | 2,038 | |
Boston Private Financial Holdings Inc. | 147,621 | 2,031 | |
* | BRP Group Inc. Class A | 76,453 | 2,028 |
AMERISAFE Inc. | 34,525 | 2,020 | |
S&T Bancorp Inc. | 69,585 | 2,010 | |
Brightsphere Investment Group Inc. | 110,528 | 2,001 | |
Tompkins Financial Corp. | 25,827 | 1,997 | |
Brookline Bancorp Inc. | 139,935 | 1,991 | |
Redwood Trust Inc. | 201,380 | 1,982 | |
Southside Bancshares Inc. | 56,985 | 1,971 | |
* | Enova International Inc. | 62,274 | 1,912 |
* | Bancorp Inc. | 92,704 | 1,879 |
* | Encore Capital Group Inc. | 56,183 | 1,878 |
Dime Community Bancshares Inc. | 63,578 | 1,870 | |
Enterprise Financial Services Corp. | 43,408 | 1,867 | |
Stock Yards Bancorp Inc. | 36,756 | 1,811 | |
OFG Bancorp | 91,591 | 1,769 | |
German American Bancorp Inc. | 44,418 | 1,750 | |
Employers Holdings Inc. | 51,926 | 1,729 | |
* | StoneX Group Inc. | 29,491 | 1,701 |
Heritage Financial Corp. | 65,147 | 1,687 | |
Berkshire Hills Bancorp Inc. | 82,039 | 1,654 | |
HomeStreet Inc. | 38,507 | 1,654 | |
Kearny Financial Corp. | 144,970 | 1,645 | |
First Foundation Inc. | 70,894 | 1,620 | |
Cowen Inc. Class A | 46,393 | 1,570 | |
ConnectOne Bancorp Inc. | 66,856 | 1,553 | |
* | Third Point Reinsurance Ltd. | 151,464 | 1,546 |
Banc of California Inc. | 80,197 | 1,488 | |
Washington Trust Bancorp Inc. | 30,574 | 1,454 | |
Preferred Bank | 24,838 | 1,439 | |
Federal Agricultural Mortgage Corp. Class C | 16,456 | 1,419 | |
Meridian Bancorp Inc. | 84,649 | 1,418 | |
* | Columbia Financial Inc. | 86,020 | 1,406 |
ARMOUR Residential REIT Inc. | 115,547 | 1,395 | |
* | Ambac Financial Group Inc. | 82,020 | 1,390 |
* | Customers Bancorp Inc. | 51,644 | 1,383 |
Horizon Bancorp Inc. | 77,191 | 1,379 | |
Lakeland Bancorp Inc. | 87,690 | 1,375 | |
* | LendingClub Corp. | 127,278 | 1,371 |
Origin Bancorp Inc. | 39,725 | 1,361 | |
Bryn Mawr Bank Corp. | 35,535 | 1,344 | |
WisdomTree Investments Inc. | 251,779 | 1,334 | |
1st Source Corp. | 29,610 | 1,314 | |
Allegiance Bancshares Inc. | 34,170 | 1,287 | |
1 | Invesco Mortgage Capital Inc. | 327,765 | 1,275 |
Univest Financial Corp. | 50,468 | 1,269 | |
* | StepStone Group Inc. Class A | 35,052 | 1,262 |
* | Nicolet Bankshares Inc. | 16,339 | 1,210 |
First Bancorp Inc. (XNMS) | 37,223 | 1,194 | |
Northfield Bancorp Inc. | 86,425 | 1,183 | |
Ellington Financial Inc. | 74,519 | 1,171 | |
TrustCo Bank Corp. | 169,840 | 1,168 | |
* | CrossFirst Bankshares Inc. | 86,895 | 1,160 |
* | TriState Capital Holdings Inc. | 50,016 | 1,148 |
Shares | Market Value ($000) | ||
Community Trust Bancorp Inc. | 27,959 | 1,142 | |
Harbornone Bancorp Inc. | 95,580 | 1,142 | |
TPG RE Finance Trust Inc. | 107,932 | 1,127 | |
Central Pacific Financial Corp. | 49,370 | 1,117 | |
United Fire Group Inc. | 37,742 | 1,112 | |
QCR Holdings Inc. | 26,727 | 1,106 | |
Flushing Financial Corp. | 53,159 | 1,103 | |
Granite Point Mortgage Trust Inc. | 98,339 | 1,097 | |
Camden National Corp. | 26,624 | 1,079 | |
* | Watford Holdings Ltd. | 30,974 | 1,073 |
Great Southern Bancorp Inc. | 19,464 | 1,028 | |
First Financial Corp. | 24,196 | 1,025 | |
Heritage Commerce Corp. | 104,477 | 994 | |
Capstead Mortgage Corp. | 172,908 | 991 | |
Peoples Bancorp Inc. | 31,814 | 991 | |
Ready Capital Corp. | 74,925 | 983 | |
FBL Financial Group Inc. Class A | 17,222 | 982 | |
Altabancorp | 28,462 | 980 | |
* | World Acceptance Corp. | 7,706 | 975 |
National Western Life Group Inc. Class A | 4,636 | 968 | |
First Mid Bancshares Inc. | 26,156 | 952 | |
KKR Real Estate Finance Trust Inc. | 51,190 | 943 | |
Hanmi Financial Corp. | 54,827 | 939 | |
Midland States Bancorp Inc. | 38,287 | 938 | |
CBTX Inc. | 32,009 | 934 | |
Peapack-Gladstone Financial Corp. | 33,160 | 912 | |
Bank of Marin Bancorp | 23,969 | 887 | |
Byline Bancorp Inc. | 44,075 | 878 | |
Cambridge Bancorp | 11,509 | 877 | |
Banco Latinoamericano de Comercio Exterior SA Class E | 56,076 | 856 | |
�� | Mercantile Bank Corp. | 28,659 | 838 |
First Community Bankshares Inc. | 31,522 | 809 | |
Bank First Corp. | 11,368 | 795 | |
Independent Bank Corp. | 38,394 | 794 | |
Diamond Hill Investment Group Inc. | 5,515 | 782 | |
Financial Institutions Inc. | 28,324 | 776 | |
Business First Bancshares Inc. | 34,978 | 768 | |
First of Long Island Corp. | 41,268 | 767 | |
Arrow Financial Corp. | 24,035 | 766 | |
* | International Money Express Inc. | 51,812 | 763 |
Waterstone Financial Inc. | 39,218 | 762 | |
* | MoneyGram International Inc. | 112,303 | 749 |
Republic Bancorp Inc. Class A | 17,714 | 745 | |
Dynex Capital Inc. | 39,531 | 744 | |
Bar Harbor Bankshares | 26,431 | 740 | |
* | Atlantic Capital Bancshares Inc. | 36,293 | 739 |
Alerus Financial Corp. | 26,866 | 739 | |
MidWestOne Financial Group Inc. | 26,597 | 730 | |
Universal Insurance Holdings Inc. | 49,036 | 730 | |
Orchid Island Capital Inc. | 125,992 | 722 | |
* | Assetmark Financial Holdings Inc. | 29,275 | 692 |
Sculptor Capital Management Inc. Class A | 33,392 | 689 | |
* | Amerant Bancorp Inc. | 41,081 | 677 |
* | Equity Bancshares Inc. Class A | 25,499 | 663 |
* | MBIA Inc. | 89,914 | 656 |
Farmers National Banc Corp. | 47,356 | 655 | |
West BanCorp. Inc | 28,624 | 653 | |
* | Metropolitan Bank Holding Corp. | 12,520 | 648 |
HomeTrust Bancshares Inc. | 27,961 | 647 | |
HCI Group Inc. | 11,085 | 641 | |
Oppenheimer Holdings Inc. Class A | 16,849 | 639 |
Shares | Market Value ($000) | ||
Hingham Institution for Savings | 2,564 | 621 | |
Old Second Bancorp Inc. | 51,636 | 618 | |
Sierra Bancorp | 25,697 | 613 | |
CNB Financial Corp. | 26,339 | 611 | |
Reliant Bancorp Inc. | 27,132 | 600 | |
Capital City Bank Group Inc. | 24,173 | 597 | |
State Auto Financial Corp. | 31,743 | 595 | |
American National Bankshares Inc. | 19,099 | 592 | |
* | Southern First Bancshares Inc. | 13,244 | 583 |
* | Oportun Financial Corp. | 35,638 | 582 |
MVB Financial Corp. | 17,717 | 578 | |
RBB Bancorp | 30,270 | 569 | |
* | Bridgewater Bancshares Inc. | 39,304 | 568 |
First Internet Bancorp | 17,015 | 557 | |
Civista Bancshares Inc. | 28,686 | 552 | |
*,1 | Citizens Inc. Class A | 89,269 | 542 |
Merchants Bancorp | 15,764 | 536 | |
SmartFinancial Inc. | 25,478 | 535 | |
Peoples Financial Services Corp. | 12,498 | 523 | |
Southern National Bancorp of Virginia Inc. | 36,101 | 513 | |
Summit Financial Group Inc. | 21,091 | 508 | |
Southern Missouri Bancorp Inc. | 13,740 | 505 | |
Citizens & Northern Corp. | 23,863 | 499 | |
Regional Management Corp. | 15,401 | 499 | |
Spirit of Texas Bancshares Inc. | 23,492 | 488 | |
* | Carter Bankshares Inc. | 41,102 | 486 |
Anworth Mortgage Asset Corp. | 175,028 | 485 | |
Curo Group Holdings Corp. | 32,776 | 474 | |
First Bancorp Inc. (XNGS) | 18,217 | 466 | |
Enterprise Bancorp Inc. | 16,046 | 465 | |
Capstar Financial Holdings Inc. | 28,667 | 465 | |
Red River Bancshares Inc. | 8,918 | 463 | |
* | Coastal Financial Corp. | 16,345 | 458 |
Century Bancorp Inc. Class A | 5,017 | 455 | |
Metrocity Bankshares Inc. | 31,292 | 447 | |
Heritage Insurance Holdings Inc. | 45,425 | 441 | |
Home Bancorp Inc. | 13,316 | 431 | |
Northrim BanCorp Inc. | 11,155 | 429 | |
Guaranty Bancshares Inc. | 14,029 | 428 | |
ACNB Corp. | 15,430 | 426 | |
Farmers & Merchants Bancorp Inc. | 18,388 | 424 | |
Great Ajax Corp. | 37,593 | 423 | |
Amalgamated Bank Class A | 24,010 | 422 | |
* | EZCorp. Inc. Class A | 86,058 | 413 |
PCSB Financial Corp. | 25,453 | 411 | |
FS Bancorp Inc. | 6,694 | 406 | |
Macatawa Bank Corp. | 46,016 | 406 | |
Greenhill & Co. Inc. | 25,988 | 392 | |
Orrstown Financial Services Inc. | 19,853 | 387 | |
National Bankshares Inc. | 11,618 | 385 | |
Timberland Bancorp Inc. | 13,644 | 379 | |
South Plains Financial Inc. | 19,325 | 373 | |
LCNB Corp. | 21,907 | 372 | |
* | Greenlight Capital Re Ltd. Class A | 47,605 | 371 |
First Choice Bancorp | 18,647 | 369 | |
Protective Insurance Corp. Class B | 16,090 | 369 | |
Premier Financial Bancorp Inc. | 23,656 | 368 | |
Ames National Corp. | 16,027 | 366 | |
Provident Bancorp Inc. | 29,758 | 365 | |
Fidelity D&D Bancorp Inc. | 7,150 | 363 | |
Investors Title Co. | 2,386 | 362 |
Shares | Market Value ($000) | ||
* | Trean Insurance Group Inc. | 21,207 | 359 |
* | BayCom Corp. | 20,694 | 354 |
Northeast Bank | 13,589 | 353 | |
Territorial Bancorp Inc. | 14,255 | 350 | |
Western Asset Mortgage Capital Corp. | 106,890 | 348 | |
BCB Bancorp Inc. | 26,194 | 347 | |
Investar Holding Corp. | 18,066 | 347 | |
Parke Bancorp Inc. | 18,754 | 340 | |
* | FVCBankcorp Inc. | 21,473 | 339 |
Luther Burbank Corp. | 33,198 | 339 | |
Western New England Bancorp Inc. | 41,930 | 336 | |
ChoiceOne Financial Services Inc. | 13,193 | 335 | |
Central Valley Community Bancorp | 18,761 | 332 | |
First Business Financial Services Inc. | 14,963 | 332 | |
Shore Bancshares Inc. | 21,726 | 332 | |
* | Howard Bancorp Inc. | 23,808 | 327 |
* | Professional Holding Corp. Class A | 20,256 | 324 |
PCB Bancorp | 22,927 | 319 | |
Bank of Commerce Holdings | 28,832 | 313 | |
Independence Holding Co. | 8,246 | 313 | |
* | Select Bancorp Inc. | 28,245 | 309 |
Community Bankers Trust Corp. | 38,728 | 301 | |
Bankwell Financial Group Inc. | 12,083 | 300 | |
First Bank | 28,426 | 300 | |
* | Republic First Bancorp Inc. | 82,555 | 293 |
1st Constitution Bancorp | 16,566 | 291 | |
HBT Financial Inc. | 17,991 | 290 | |
Codorus Valley Bancorp Inc. | 17,150 | 289 | |
Mid Penn Bancorp Inc. | 12,282 | 289 | |
Penns Woods Bancorp Inc. | 12,094 | 288 | |
Richmond Mutual BanCorp. Inc. | 21,909 | 287 | |
Pzena Investment Management Inc. Class A | 31,070 | 286 | |
* | NI Holdings Inc. | 15,991 | 285 |
Evans Bancorp Inc. | 8,685 | 281 | |
First Capital Inc. | 5,854 | 281 | |
Community Financial Corp. | 9,184 | 278 | |
C&F Financial Corp. | 6,377 | 277 | |
Donegal Group Inc. Class A | 20,213 | 277 | |
Crawford & Co. Class A | 29,343 | 276 | |
Unity Bancorp Inc. | 13,880 | 276 | |
Norwood Financial Corp. | 10,654 | 272 | |
Bank of Princeton | 10,292 | 270 | |
Cherry Hill Mortgage Investment Corp. | 27,427 | 269 | |
* | Esquire Financial Holdings Inc. | 12,041 | 269 |
* | Safeguard Scientifics Inc. | 35,023 | 268 |
ESSA Bancorp Inc. | 16,505 | 259 | |
First Northwest Bancorp | 15,595 | 254 | |
Eagle Bancorp Montana Inc. | 11,582 | 252 | |
Silvercrest Asset Management Group Inc. Class A | 17,511 | 246 | |
Riverview Bancorp Inc. | 36,983 | 244 | |
Westwood Holdings Group Inc. | 13,950 | 241 | |
Middlefield Banc Corp. | 10,725 | 240 | |
* | Arlington Asset Investment Corp. Class A | 58,167 | 233 |
Meridian Corp. | 9,509 | 232 | |
Standard AVB Financial Corp. | 7,058 | 231 | |
Marlin Business Services Corp. | 15,076 | 229 | |
* | Pioneer Bancorp Inc. | 20,964 | 226 |
Chemung Financial Corp. | 6,386 | 225 | |
First Community Corp. | 12,618 | 225 | |
* | Capital Bancorp Inc. | 14,041 | 224 |
United Insurance Holdings Corp. | 35,913 | 223 |
Shares | Market Value ($000) | ||
BankFinancial Corp. | 23,267 | 220 | |
SB Financial Group Inc. | 12,624 | 218 | |
* | ProSight Global Inc. | 17,207 | 217 |
First Savings Financial Group Inc. | 3,437 | 215 | |
* | California BanCorp. | 13,918 | 215 |
FNCB Bancorp Inc. | 30,352 | 214 | |
First United Corp. | 11,780 | 213 | |
Mackinac Financial Corp. | 16,491 | 213 | |
* | First Western Financial Inc. | 11,529 | 210 |
Hawthorn Bancshares Inc. | 10,417 | 210 | |
* | MainStreet Bancshares Inc. | 11,263 | 209 |
OP Bancorp | 22,241 | 204 | |
Franklin Financial Services Corp. | 7,420 | 204 | |
Plumas Bancorp | 8,121 | 203 | |
Colony Bankcorp Inc. | 14,175 | 203 | |
Oak Valley Bancorp | 12,443 | 201 | |
County Bancorp Inc. | 8,807 | 199 | |
Level One Bancorp Inc. | 9,317 | 199 | |
Ellington Residential Mortgage REIT | 15,879 | 195 | |
Peoples Bancorp of North Carolina Inc. | 8,248 | 193 | |
Salisbury Bancorp Inc. | 4,658 | 190 | |
Prudential Bancorp Inc. | 13,926 | 189 | |
Ohio Valley Banc Corp. | 7,689 | 187 | |
* | MMA Capital Holdings Inc. | 8,403 | 187 |
CB Financial Services Inc. | 9,146 | 186 | |
United Security Bancshares | 24,661 | 184 | |
GAMCO Investors Inc. Class A | 9,509 | 181 | |
Landmark Bancorp Inc. | 7,310 | 179 | |
Provident Financial Holdings Inc. | 10,848 | 171 | |
Citizens Holding Co. | 8,659 | 169 | |
Auburn National BanCorp Inc. | 4,108 | 161 | |
* | Security National Financial Corp. Class A | 17,513 | 158 |
FedNat Holding Co. | 22,580 | 156 | |
Sterling Bancorp Inc. | 28,163 | 145 | |
* | Ponce de Leon Federal Bank | 13,793 | 140 |
* | Limestone Bancorp Inc. | 9,276 | 140 |
Partners Bancorp. | 18,267 | 130 | |
* | Upstart Holdings Inc. | 1,951 | 128 |
Greene County Bancorp Inc. | 5,315 | 127 | |
First Guaranty Bancshares Inc. | 6,739 | 112 | |
Associated Capital Group Inc. Class A | 3,223 | 110 | |
* | Siebert Financial Corp. | 20,929 | 98 |
* | Bogota Financial Corp. | 10,582 | 96 |
* | Swk Holdings Corp. | 6,652 | 91 |
* | Altisource Portfolio Solutions SA | 8,182 | 83 |
Bank7 Corp. | 4,977 | 81 | |
Value Line Inc. | 1,970 | 57 | |
Oconee Federal Financial Corp. | 2,041 | 51 | |
* | GWG Holdings Inc. | 5,679 | 39 |
* | Vericity Inc. | 3,442 | 35 |
738,791 | |||
Health Care (19.7%) | |||
* | Novavax Inc. | 111,147 | 25,701 |
* | Ultragenyx Pharmaceutical Inc. | 112,915 | 15,982 |
* | Natera Inc. | 136,441 | 15,839 |
* | Mirati Therapeutics Inc. | 77,222 | 15,515 |
* | Arrowhead Pharmaceuticals Inc. | 181,052 | 14,423 |
* | Fate Therapeutics Inc. | 135,836 | 12,187 |
* | HealthEquity Inc. | 144,814 | 11,925 |
* | Bridgebio Pharma Inc. | 167,882 | 11,866 |
* | Inspire Medical Systems Inc. | 47,209 | 10,990 |
Shares | Market Value ($000) | ||
* | Halozyme Therapeutics Inc. | 239,865 | 10,854 |
* | Nevro Corp. | 61,331 | 10,131 |
* | LHC Group Inc. | 54,694 | 9,938 |
* | Blueprint Medicines Corp. | 99,821 | 9,804 |
* | Pacific Biosciences of California Inc. | 318,916 | 9,749 |
* | Omnicell Inc. | 76,596 | 9,720 |
* | NeoGenomics Inc. | 189,013 | 9,634 |
* | Tenet Healthcare Corp. | 188,522 | 9,618 |
* | TG Therapeutics Inc. | 208,004 | 9,104 |
* | STAAR Surgical Co. | 82,621 | 8,593 |
* | Arena Pharmaceuticals Inc. | 104,916 | 8,430 |
* | iRhythm Technologies Inc. | 52,129 | 8,388 |
* | Invitae Corp. | 208,257 | 8,357 |
* | Denali Therapeutics Inc. | 113,460 | 8,146 |
* | Twist Bioscience Corp. | 59,049 | 8,127 |
* | Medpace Holdings Inc. | 49,801 | 8,089 |
* | Turning Point Therapeutics Inc. | 67,364 | 7,943 |
* | Emergent BioSolutions Inc. | 81,424 | 7,817 |
* | Neogen Corp. | 95,152 | 7,795 |
Ensign Group Inc. | 93,280 | 7,651 | |
* | FibroGen Inc. | 152,071 | 7,608 |
* | Kodiak Sciences Inc. | 58,031 | 7,487 |
* | Biohaven Pharmaceutical Holding Co. Ltd. | 86,830 | 7,379 |
* | Glaukos Corp. | 77,015 | 7,283 |
* | Livanova plc | 88,148 | 6,835 |
* | CareDx Inc. | 86,223 | 6,818 |
* | Veracyte Inc. | 116,777 | 6,780 |
* | 1Life Healthcare Inc. | 141,856 | 6,740 |
* | Insmed Inc. | 182,798 | 6,539 |
*,1 | Beam Therapeutics Inc. | 71,998 | 6,417 |
* | PTC Therapeutics Inc. | 111,577 | 6,371 |
* | Select Medical Holdings Corp. | 196,001 | 6,203 |
* | ChemoCentryx Inc. | 89,538 | 6,074 |
* | Vir Biotechnology Inc. | 96,698 | 6,056 |
CONMED Corp. | 49,076 | 6,039 | |
* | Shockwave Medical Inc. | 51,337 | 5,994 |
* | HMS Holdings Corp. | 158,950 | 5,847 |
* | Allakos Inc. | 47,326 | 5,735 |
* | Amicus Therapeutics Inc. | 464,235 | 5,701 |
* | Pacira BioSciences Inc. | 76,956 | 5,656 |
* | NuVasive Inc. | 92,611 | 5,587 |
* | NanoString Technologies Inc. | 79,467 | 5,546 |
* | Intellia Therapeutics Inc. | 90,472 | 5,470 |
* | Merit Medical Systems Inc. | 97,544 | 5,435 |
* | R1 RCM Inc. | 195,935 | 5,416 |
* | Apellis Pharmaceuticals Inc. | 108,263 | 5,215 |
* | Integer Holdings Corp. | 59,027 | 5,206 |
* | AtriCure Inc. | 78,913 | 5,151 |
Cantel Medical Corp. | 68,288 | 5,072 | |
* | Editas Medicine Inc. Class A | 113,385 | 4,973 |
* | Xencor Inc. | 99,975 | 4,926 |
* | Arvinas Inc. | 62,289 | 4,877 |
Patterson Cos. Inc. | 153,141 | 4,757 | |
Owens & Minor Inc. | 131,133 | 4,460 | |
* | Corcept Therapeutics Inc. | 175,661 | 4,418 |
*,1 | Sorrento Therapeutics Inc. | 451,919 | 4,370 |
* | Intra-Cellular Therapies Inc. | 119,594 | 4,237 |
* | Magellan Health Inc. | 43,286 | 4,039 |
* | Vericel Corp. | 82,017 | 3,960 |
* | Avanos Medical Inc. | 85,986 | 3,954 |
* | Myriad Genetics Inc. | 128,373 | 3,914 |
Shares | Market Value ($000) | ||
* | Ligand Pharmaceuticals Inc. | 26,004 | 3,854 |
Healthcare Services Group Inc. | 134,482 | 3,826 | |
* | Prestige Consumer Healthcare Inc. | 90,711 | 3,784 |
* | SpringWorks Therapeutics Inc. | 43,405 | 3,735 |
* | Phreesia Inc. | 60,054 | 3,678 |
* | Karuna Therapeutics Inc. | 28,452 | 3,555 |
* | BioCryst Pharmaceuticals Inc. | 318,507 | 3,433 |
* | Rocket Pharmaceuticals Inc. | 61,380 | 3,411 |
* | Allogene Therapeutics Inc. | 97,171 | 3,373 |
* | Axsome Therapeutics Inc. | 49,915 | 3,362 |
* | Inovalon Holdings Inc. Class A | 134,580 | 3,305 |
* | MEDNAX Inc. | 134,660 | 3,290 |
* | Endo International plc | 408,415 | 3,239 |
*,1 | OPKO Health Inc. | 717,295 | 3,228 |
* | Dicerna Pharmaceuticals Inc. | 118,786 | 3,205 |
* | REVOLUTION Medicines Inc. | 69,574 | 3,178 |
*,1 | Inovio Pharmaceuticals Inc. | 285,917 | 3,174 |
* | Kura Oncology Inc. | 110,895 | 3,105 |
* | Deciphera Pharmaceuticals Inc. | 68,730 | 3,009 |
* | Revance Therapeutics Inc. | 113,441 | 2,979 |
* | Health Catalyst Inc. | 60,638 | 2,940 |
* | Cardiovascular Systems Inc. | 70,853 | 2,926 |
* | ImmunoGen Inc. | 332,306 | 2,908 |
* | Addus HomeCare Corp. | 26,770 | 2,880 |
* | Quanterix Corp. | 37,909 | 2,872 |
* | Translate Bio Inc. | 122,895 | 2,868 |
* | Cassava Sciences Inc. | 58,916 | 2,862 |
* | Heron Therapeutics Inc. | 157,888 | 2,855 |
* | ModivCare Inc. | 21,783 | 2,794 |
* | Axonics Modulation Technologies Inc. | 54,520 | 2,743 |
* | Evolent Health Inc. Class A | 136,090 | 2,742 |
* | Travere Thrapeutics Inc. | 88,179 | 2,718 |
* | Silk Road Medical Inc. | 49,260 | 2,698 |
U.S. Physical Therapy Inc. | 22,847 | 2,679 | |
* | Arcus Biosciences Inc. | 75,957 | 2,678 |
* | Ironwood Pharmaceuticals Inc. Class A | 287,631 | 2,655 |
Luminex Corp. | 77,493 | 2,520 | |
* | REGENXBIO Inc. | 61,309 | 2,508 |
* | Scholar Rock Holding Corp. | 46,000 | 2,489 |
* | MacroGenics Inc. | 98,770 | 2,470 |
*,1 | Fulgent Genetics Inc. | 24,392 | 2,470 |
* | GenMark Diagnostics Inc. | 125,504 | 2,454 |
* | Pennant Group Inc. | 45,985 | 2,427 |
* | Relay Therapeutics Inc. | 57,987 | 2,393 |
* | Sangamo Therapeutics Inc. | 207,583 | 2,385 |
* | Supernus Pharmaceuticals Inc. | 87,913 | 2,362 |
* | Heska Corp. | 12,523 | 2,359 |
* | MannKind Corp. | 402,192 | 2,296 |
* | Atara Biotherapeutics Inc. | 136,348 | 2,288 |
* | Ocular Therapeutix Inc. | 123,333 | 2,262 |
* | Cytokinetics Inc. | 119,607 | 2,240 |
* | Lantheus Holdings Inc. | 119,314 | 2,229 |
* | Frequency Therapeutics Inc. | 45,258 | 2,227 |
* | Zentalis Pharmaceuticals Inc. | 51,976 | 2,185 |
* | Codexis Inc. | 96,707 | 2,138 |
* | Zogenix Inc. | 100,111 | 2,123 |
*,1 | Omeros Corp. | 106,268 | 2,119 |
* | Avid Bioservices Inc. | 101,767 | 2,094 |
* | Viela Bio Inc. | 38,912 | 2,070 |
* | Adverum Biotechnologies Inc. | 160,211 | 2,055 |
* | ZIOPHARM Oncology Inc. | 383,505 | 2,044 |
Shares | Market Value ($000) | ||
* | Arcturus Therapeutics Holdings Inc. | 38,692 | 2,038 |
* | Progyny Inc. | 48,087 | 2,024 |
* | Option Care Health Inc. | 104,174 | 1,999 |
* | Atea Pharmaceuticals Inc. | 26,176 | 1,973 |
* | Y-mAbs Therapeutics Inc. | 54,992 | 1,934 |
* | Krystal Biotech Inc. | 24,389 | 1,924 |
* | Brookdale Senior Living Inc. | 330,392 | 1,923 |
* | Madrigal Pharmaceuticals Inc. | 15,757 | 1,910 |
* | Seres Therapeutics Inc. | 99,449 | 1,893 |
* | NextGen Healthcare Inc. | 100,352 | 1,877 |
* | Tivity Health Inc. | 78,032 | 1,857 |
*,1 | NantKwest Inc. | 56,994 | 1,853 |
* | Cerus Corp. | 295,793 | 1,816 |
* | Vanda Pharmaceuticals Inc. | 96,646 | 1,802 |
* | Inogen Inc. | 33,362 | 1,751 |
* | Mersana Therapeutics Inc. | 95,852 | 1,743 |
* | Karyopharm Therapeutics Inc. | 125,995 | 1,741 |
* | CryoLife Inc. | 68,222 | 1,723 |
* | Coherus Biosciences Inc. | 106,002 | 1,721 |
* | Enanta Pharmaceuticals Inc. | 34,320 | 1,693 |
* | Tactile Systems Technology Inc. | 33,019 | 1,678 |
* | Dynavax Technologies Corp. | 191,208 | 1,673 |
* | TransMedics Group Inc. | 45,469 | 1,632 |
* | SI-BONE Inc. | 51,968 | 1,631 |
* | Castle Biosciences Inc. | 21,351 | 1,624 |
* | Surgery Partners Inc. | 40,809 | 1,611 |
* | Meridian Bioscience Inc. | 76,346 | 1,609 |
Atrion Corp. | 2,560 | 1,600 | |
* | CorVel Corp. | 15,761 | 1,600 |
* | Alphatec Holdings Inc. | 98,995 | 1,589 |
* | Varex Imaging Corp. | 68,745 | 1,576 |
National HealthCare Corp. | 22,647 | 1,575 | |
* | Natus Medical Inc. | 60,686 | 1,572 |
* | Rhythm Pharmaceuticals Inc. | 60,463 | 1,567 |
* | Orthofix Medical Inc. | 33,594 | 1,562 |
* | Athenex Inc. | 127,683 | 1,545 |
*,1 | Tabula Rasa HealthCare Inc. | 38,073 | 1,544 |
LeMaitre Vascular Inc. | 30,007 | 1,542 | |
* | Epizyme Inc. | 160,271 | 1,537 |
* | Keros Therapeutics Inc. | 23,395 | 1,532 |
* | Radius Health Inc. | 81,869 | 1,524 |
* | Alector Inc. | 83,155 | 1,512 |
* | Replimune Group Inc. | 42,973 | 1,488 |
* | Hanger Inc. | 66,676 | 1,466 |
* | Collegium Pharmaceutical Inc. | 61,648 | 1,454 |
* | Inari Medical Inc. | 13,871 | 1,451 |
* | Axogen Inc. | 65,511 | 1,448 |
* | RadNet Inc. | 78,323 | 1,444 |
* | Kadmon Holdings Inc. | 311,051 | 1,428 |
* | Nkarta Inc. | 29,191 | 1,423 |
* | OptimizeRx Corp. | 26,710 | 1,420 |
* | ALX Oncology Holdings Inc. | 17,581 | 1,412 |
* | Constellation Pharmaceuticals Inc. | 55,151 | 1,390 |
* | AdaptHealth Corp. Class A | 45,156 | 1,389 |
* | Theravance Biopharma Inc. | 83,743 | 1,388 |
* | AngioDynamics Inc. | 66,087 | 1,385 |
* | Cara Therapeutics Inc. | 74,111 | 1,360 |
* | G1 Therapeutics Inc. | 61,537 | 1,360 |
* | OraSure Technologies Inc. | 128,173 | 1,359 |
* | Intersect ENT Inc. | 58,747 | 1,340 |
* | Protagonist Therapeutics Inc. | 56,752 | 1,338 |
Shares | Market Value ($000) | ||
* | Personalis Inc. | 43,292 | 1,335 |
* | Stoke Therapeutics Inc. | 22,290 | 1,335 |
* | PetIQ Inc. Class A | 38,577 | 1,330 |
* | Community Health Systems Inc. | 154,497 | 1,322 |
* | Innoviva Inc. | 114,285 | 1,306 |
* | ORIC Pharmaceuticals Inc. | 40,192 | 1,302 |
* | OrthoPediatrics Corp. | 23,511 | 1,280 |
*,1 | Esperion Therapeutics Inc. | 46,432 | 1,272 |
* | Arcutis Biotherapeutics Inc. | 37,200 | 1,271 |
* | Rigel Pharmaceuticals Inc. | 305,147 | 1,266 |
National Research Corp. | 24,286 | 1,255 | |
* | Antares Pharma Inc. | 295,090 | 1,254 |
* | Five Prime Therapeutics Inc. | 56,264 | 1,251 |
* | Surmodics Inc. | 23,944 | 1,249 |
* | Prothena Corp. plc | 55,723 | 1,244 |
* | Anavex Life Sciences Corp. | 94,461 | 1,230 |
* | Bioxcel Therapeutics Inc. | 22,940 | 1,230 |
* | TCR2 Therapeutics Inc. | 45,562 | 1,206 |
* | Forma Therapeutics Holdings Inc. | 30,997 | 1,197 |
* | Pulmonx Corp. | 20,943 | 1,190 |
* | Syndax Pharmaceuticals Inc. | 48,702 | 1,189 |
* | Allovir Inc. | 32,397 | 1,184 |
* | Aerie Pharmaceuticals Inc. | 64,233 | 1,181 |
* | Amphastar Pharmaceuticals Inc. | 65,692 | 1,152 |
* | NGM Biopharmaceuticals Inc. | 42,965 | 1,148 |
* | Agenus Inc. | 284,598 | 1,138 |
* | Sutro Biopharma Inc. | 50,188 | 1,114 |
* | Cutera Inc. | 31,005 | 1,095 |
* | IGM Biosciences Inc. | 12,510 | 1,094 |
* | VBI Vaccines Inc. | 324,642 | 1,094 |
* | Applied Molecular Transport Inc. | 22,267 | 1,088 |
* | Provention Bio Inc. | 85,435 | 1,087 |
* | HealthStream Inc. | 46,362 | 1,080 |
*,1 | CEL-SCI Corp. | 60,682 | 1,077 |
* | AnaptysBio Inc. | 37,504 | 1,076 |
* | Immunovant Inc. | 67,805 | 1,070 |
* | Albireo Pharma Inc. | 30,619 | 1,067 |
* | ChromaDex Corp. | 75,296 | 1,049 |
* | Accolade Inc. | 23,588 | 1,045 |
* | Triple-S Management Corp. Class B | 41,069 | 1,039 |
* | Prelude Therapeutics Inc. | 16,631 | 1,037 |
* | Intercept Pharmaceuticals Inc. | 46,839 | 1,015 |
* | Precigen Inc. | 119,386 | 1,008 |
* | Precision BioSciences Inc. | 84,169 | 1,007 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 48,466 | 997 |
* | BioLife Solutions Inc. | 25,382 | 996 |
*,1 | Aspira Women's Health Inc. | 143,385 | 994 |
* | Dermtech Inc. | 14,714 | 982 |
* | Shattuck Labs Inc. | 23,709 | 979 |
* | Amneal Pharmaceuticals Inc. | 179,622 | 968 |
*,1 | Cortexyme Inc. | 28,201 | 961 |
* | Gossamer Bio Inc. | 102,153 | 960 |
* | Joint Corp. | 24,016 | 956 |
* | Geron Corp. (XNGS) | 520,638 | 932 |
* | PMV Pharmaceuticals Inc. | 24,770 | 932 |
* | Anika Therapeutics Inc. | 25,268 | 927 |
* | Black Diamond Therapeutics Inc. | 32,763 | 917 |
* | SeaSpine Holdings Corp. | 47,921 | 907 |
* | Morphic Holding Inc. | 24,958 | 902 |
* | Outset Medical Inc. | 18,063 | 899 |
* | Apollo Medical Holdings Inc. | 36,282 | 898 |
Shares | Market Value ($000) | ||
* | Atreca Inc. Class A | 51,585 | 895 |
* | Spectrum Pharmaceuticals Inc. | 260,229 | 893 |
*,1 | Clovis Oncology Inc. | 148,771 | 891 |
* | Akebia Therapeutics Inc. | 256,851 | 889 |
* | IVERIC bio Inc. | 144,733 | 889 |
* | ViewRay Inc. | 201,861 | 880 |
* | Kymera Therapeutics Inc. | 18,278 | 877 |
* | Relmada Therapeutics Inc. | 26,239 | 875 |
* | Affimed NV | 153,592 | 871 |
* | Flexion Therapeutics Inc. | 78,620 | 866 |
* | Ardelyx Inc. | 133,940 | 864 |
* | CorMedix Inc. | 57,612 | 864 |
* | Chimerix Inc. | 87,905 | 862 |
* | Vapotherm Inc. | 35,472 | 862 |
* | KalVista Pharmaceuticals Inc. | 26,176 | 860 |
* | Phathom Pharmaceuticals Inc. | 19,419 | 855 |
* | Praxis Precision Medicines Inc. | 19,558 | 851 |
*,1 | Ontrak Inc. | 14,340 | 845 |
* | iTeos Therapeutics Inc. | 20,291 | 844 |
* | Eargo Inc. | 14,287 | 834 |
* | Eagle Pharmaceuticals Inc. | 18,653 | 830 |
* | C4 Therapeutics Inc. | 19,348 | 830 |
* | Durect Corp. | 369,381 | 820 |
* | Annexon Inc. | 27,991 | 815 |
* | Pandion Therapeutics Inc. | 13,462 | 810 |
* | Accuray Inc. | 162,178 | 808 |
* | Passage Bio Inc. | 44,836 | 808 |
Phibro Animal Health Corp. Class A | 37,020 | 799 | |
* | Viking Therapeutics Inc. | 117,480 | 792 |
* | Generation Bio Co. | 22,301 | 779 |
* | Vaxcyte Inc. | 32,754 | 772 |
* | Kronos Bio Inc. | 26,529 | 771 |
* | Nurix Therapeutics Inc. | 21,091 | 751 |
* | Crinetics Pharmaceuticals Inc. | 49,005 | 749 |
* | Akero Therapeutics Inc. | 24,585 | 747 |
* | MEI Pharma Inc. | 197,992 | 742 |
* | Gritstone Oncology Inc. | 54,202 | 736 |
* | Avidity Biosciences Inc. | 30,343 | 732 |
* | Cue Biopharma Inc. | 53,187 | 724 |
* | Verastem Inc. | 307,825 | 723 |
*,1 | Pulse Biosciences Inc. | 24,636 | 721 |
*,1 | TherapeuticsMD Inc. | 465,437 | 707 |
* | CytoSorbents Corp. | 74,478 | 702 |
* | Neoleukin Therapeutics Inc. | 58,331 | 702 |
* | Catalyst Pharmaceuticals Inc. | 175,996 | 685 |
* | Marinus Pharmaceuticals Inc. | 45,303 | 685 |
* | BioDelivery Sciences International Inc. | 162,578 | 683 |
*,1 | Vaxart Inc. | 94,906 | 679 |
*,1 | Rubius Therapeutics Inc. | 64,889 | 674 |
* | iCAD Inc. | 36,415 | 673 |
* | UroGen Pharma Ltd. | 35,107 | 669 |
* | Spero Therapeutics Inc. | 36,840 | 669 |
* | Organogenesis Holdings Inc. Class A | 43,525 | 662 |
* | Homology Medicines Inc. | 61,524 | 661 |
*,1 | Co-Diagnostics Inc. | 47,728 | 657 |
* | Sientra Inc. | 83,635 | 651 |
* | CytomX Therapeutics Inc. | 81,801 | 642 |
* | Athersys Inc. | 314,143 | 641 |
* | Syros Pharmaceuticals Inc. | 75,135 | 631 |
* | Apyx Medical Corp. | 60,058 | 628 |
* | Pliant Therapeutics Inc. | 18,937 | 627 |
Shares | Market Value ($000) | ||
* | Avrobio Inc. | 56,616 | 623 |
* | Fluidigm Corp. | 132,677 | 610 |
* | Aeglea BioTherapeutics Inc. | 81,591 | 608 |
* | Cymabay Therapeutics Inc. | 125,507 | 602 |
* | SIGA Technologies Inc. | 94,421 | 597 |
* | Odonate Therapeutics Inc. | 28,203 | 594 |
* | Viemed Healthcare Inc. | 62,943 | 594 |
* | Paratek Pharmaceuticals Inc. | 79,064 | 591 |
* | Quotient Ltd. | 131,091 | 589 |
*,1 | Accelerate Diagnostics Inc. | 56,996 | 571 |
*,1 | iBio Inc. | 322,743 | 568 |
* | MeiraGTx Holdings plc | 38,065 | 565 |
* | Eiger BioPharmaceuticals Inc. | 55,313 | 563 |
* | Stereotaxis Inc. | 79,842 | 559 |
Invacare Corp. | 61,186 | 557 | |
* | Puma Biotechnology Inc. | 55,680 | 555 |
* | WaVe Life Sciences Ltd. | 58,991 | 555 |
* | Oncocyte Corp. | 112,149 | 552 |
* | Ideaya Biosciences Inc. | 28,772 | 549 |
* | Applied Therapeutics Inc. | 24,715 | 537 |
* | Akouos Inc. | 26,266 | 535 |
*,1 | Kala Pharmaceuticals Inc. | 71,666 | 531 |
* | Lexicon Pharmaceuticals Inc. | 73,862 | 531 |
* | Evofem Biosciences Inc. | 137,031 | 530 |
* | Aligos Therapeutics Inc. | 18,412 | 529 |
Utah Medical Products Inc. | 6,197 | 523 | |
* | Molecular Templates Inc. | 47,873 | 522 |
* | Selecta Biosciences Inc. | 122,555 | 517 |
* | Athira Pharma Inc. | 22,859 | 504 |
* | XBiotech Inc. | 26,154 | 497 |
* | ANI Pharmaceuticals Inc. | 17,002 | 495 |
* | Zynex Inc. | 33,537 | 487 |
* | VYNE Therapeutics Inc. | 65,347 | 487 |
* | Evolus Inc. | 40,140 | 486 |
* | Dyne Therapeutics Inc. | 26,020 | 481 |
* | Fortress Biotech Inc. | 122,216 | 455 |
*,1 | Xeris Pharmaceuticals Inc. | 82,151 | 448 |
* | InfuSystem Holdings Inc. | 26,020 | 444 |
* | Evelo Biosciences Inc. | 36,220 | 441 |
* | UNITY Biotechnology Inc. | 63,741 | 434 |
* | MediciNova Inc. | 77,648 | 433 |
*,1 | Taysha Gene Therapies Inc. | 15,922 | 407 |
*,1 | XOMA Corp. | 11,083 | 401 |
* | Solid Biosciences Inc. | 50,201 | 400 |
* | Chinook Therapeutics Inc. | 24,108 | 399 |
* | Tarsus Pharmaceuticals Inc. | 10,903 | 395 |
* | Harmony Biosciences Holdings Inc. | 11,009 | 390 |
* | Magenta Therapeutics Inc. | 37,022 | 389 |
* | Harpoon Therapeutics Inc. | 19,527 | 377 |
*,1 | Retractable Technologies Inc. | 23,875 | 375 |
* | Acutus Medical Inc. | 17,958 | 373 |
* | 89bio Inc. | 14,975 | 368 |
* | Inhibrx Inc. | 14,384 | 366 |
* | Misonix Inc. | 21,801 | 365 |
* | Rapt Therapeutics Inc. | 19,831 | 360 |
* | Lannett Co. Inc. | 58,722 | 356 |
* | Concert Pharmaceuticals Inc. | 53,059 | 355 |
* | Chiasma Inc. | 91,136 | 354 |
* | Agile Therapeutics Inc. | 122,550 | 352 |
* | Calithera Biosciences Inc. | 119,232 | 348 |
* | IntriCon Corp. | 15,124 | 347 |
Shares | Market Value ($000) | ||
* | Jounce Therapeutics Inc. | 31,575 | 347 |
* | BeyondSpring Inc. | 26,042 | 338 |
* | NextCure Inc. | 29,193 | 332 |
* | Milestone Scientific Inc. | 84,127 | 330 |
* | Fulcrum Therapeutics Inc. | 25,751 | 325 |
* | AVEO Pharmaceuticals Inc. | 39,179 | 324 |
* | Mustang Bio Inc. | 89,861 | 317 |
* | Maravai LifeSciences Holdings Inc. Class A | 9,555 | 311 |
* | Verrica Pharmaceuticals Inc. | 22,608 | 310 |
* | Harrow Health Inc. | 40,148 | 308 |
* | Harvard Bioscience Inc. | 70,132 | 308 |
* | Kezar Life Sciences Inc. | 55,969 | 307 |
* | Checkpoint Therapeutics Inc. | 94,688 | 304 |
*,1 | Corbus Pharmaceuticals Holdings Inc. | 139,318 | 304 |
* | CASI Pharmaceuticals Inc. | 121,239 | 298 |
* | Kindred Biosciences Inc. | 66,091 | 298 |
* | Fennec Pharmaceuticals Inc. | 39,995 | 293 |
* | Inozyme Pharma Inc. | 14,566 | 291 |
* | Neubase Therapeutics Inc. | 29,852 | 283 |
* | PAVmed Inc. | 67,166 | 282 |
* | Assembly Biosciences Inc. | 54,455 | 277 |
* | ADMA Biologics Inc. | 119,204 | 275 |
* | X4 Pharmaceuticals Inc. | 28,492 | 273 |
* | Genprex Inc. | 52,887 | 273 |
* | Hookipa Pharma Inc. | 22,955 | 272 |
* | AcelRx Pharmaceuticals Inc. | 143,101 | 269 |
* | Pieris Pharmaceuticals Inc. | 98,326 | 267 |
* | Poseida Therapeutics Inc. | 24,017 | 265 |
* | Voyager Therapeutics Inc. | 46,504 | 264 |
* | Tricida Inc. | 51,458 | 263 |
* | Abeona Therapeutics Inc. | 107,521 | 260 |
* | Spruce Biosciences Inc. | 12,281 | 257 |
* | Soleno Therapeutics Inc. | 105,768 | 255 |
* | Ovid therapeutics Inc. | 86,142 | 254 |
* | Cabaletta Bio Inc. | 23,316 | 253 |
* | Surgalign Holdings Inc. | 103,581 | 253 |
* | Tyme Technologies Inc. | 124,553 | 249 |
* | Strongbridge Biopharma plc | 78,962 | 248 |
* | Optinose Inc. | 63,629 | 247 |
* | Catalyst Biosciences Inc. | 40,434 | 244 |
* | LogicBio Therapeutics Inc. | 29,401 | 244 |
* | Graybug Vision Inc. | 12,157 | 244 |
* | Eton Pharmaceuticals Inc. | 30,566 | 242 |
* | iRadimed Corp. | 10,717 | 239 |
* | Enzo Biochem Inc. | 79,405 | 232 |
* | Applied Genetic Technologies Corp. | 45,610 | 232 |
* | Exicure Inc. | 105,031 | 228 |
* | GlycoMimetics Inc. | 68,401 | 227 |
* | ContraFect Corp. | 43,311 | 227 |
* | Orgenesis Inc. | 33,582 | 225 |
* | Five Star Senior Living Inc. | 33,721 | 225 |
* | Cerecor Inc. | 66,701 | 225 |
* | FONAR Corp. | 11,575 | 224 |
* | Aptinyx Inc. Class A | 60,959 | 223 |
* | Eloxx Pharmaceuticals Inc. | 49,039 | 221 |
* | Oyster Point Pharma Inc. | 10,866 | 215 |
* | Foghorn Therapeutics Inc. | 12,705 | 209 |
* | Chembio Diagnostics Inc. | 36,262 | 202 |
* | VolitionRX Ltd. | 49,626 | 202 |
* | BioSig Technologies Inc. | 43,974 | 196 |
* | Nymox Pharmaceutical Corp. | 75,085 | 196 |
Shares | Market Value ($000) | ||
* | Minerva Neurosciences Inc. | 62,508 | 194 |
* | Tela Bio Inc. | 12,465 | 192 |
* | Sotera Health Co. | 7,324 | 192 |
* | BrainStorm Cell Therapeutics Inc. | 46,913 | 190 |
* | Dyadic International Inc. | 35,664 | 189 |
* | Repro-Med Systems Inc. | 48,774 | 189 |
* | Kaleido Biosciences Inc. | 20,945 | 187 |
* | Oncorus Inc. | 11,757 | 186 |
* | Centogene BV | 15,796 | 183 |
* | NantHealth Inc. | 47,325 | 181 |
* | Lyra Therapeutics Inc. | 11,802 | 176 |
* | Ortho Clinical Diagnostics Holdings plc | 10,178 | 176 |
*,1 | IMARA Inc. | 13,835 | 174 |
* | Mirum Pharmaceuticals Inc. | 9,437 | 173 |
* | La Jolla Pharmaceutical Co. | 32,835 | 172 |
* | Rockwell Medical Inc. | 127,701 | 172 |
* | Galera Therapeutics Inc. | 16,133 | 169 |
* | Soliton Inc. | 12,454 | 165 |
* | Immunic Inc. | 10,267 | 164 |
* | Aquestive Therapeutics Inc. | 35,579 | 163 |
* | Axcella Health Inc. | 28,003 | 160 |
* | Codiak Biosciences Inc. | 9,791 | 159 |
* | Cyclerion Therapeutics Inc. | 40,868 | 157 |
* | Galectin Therapeutics Inc. | 69,188 | 155 |
* | Aravive Inc. | 22,494 | 153 |
* | Immunome Inc. | 3,854 | 153 |
* | Exagen Inc. | 8,294 | 152 |
* | Cidara Therapeutics Inc. | 65,887 | 150 |
* | Savara Inc. | 86,795 | 148 |
* | Champions Oncology Inc. | 12,258 | 143 |
* | Liquidia Corp. | 49,940 | 140 |
* | Electromed Inc. | 12,808 | 135 |
* | Marker Therapeutics Inc. | 53,642 | 130 |
* | Lensar Inc. | 13,688 | 124 |
* | Signify Health Inc. Class A | 3,637 | 120 |
* | Protara Therapeutics Inc. | 6,849 | 118 |
* | Checkmate Pharmaceuticals Inc. | 8,834 | 117 |
* | SQZ Biotechnologies Co. | 7,823 | 117 |
* | Recro Pharma Inc. | 33,684 | 116 |
* | BioAtla Inc. | 2,097 | 111 |
* | Certara Inc. | 3,129 | 108 |
* | PhaseBio Pharmaceuticals Inc. | 26,976 | 105 |
* | Biodesix Inc. | 5,313 | 105 |
* | Talis Biomedical Corp. | 6,094 | 105 |
* | Catabasis Pharmaceuticals Inc. | 34,256 | 99 |
* | Satsuma Pharmaceuticals Inc. | 17,055 | 97 |
* | Metacrine Inc. | 11,414 | 97 |
* | NexImmune Inc. | 3,727 | 97 |
* | Enochian Biosciences Inc. | 26,374 | 93 |
* | scPharmaceuticals Inc. | 12,522 | 92 |
* | Venus Concept Inc. | 35,160 | 91 |
*,1 | Cohbar Inc. | 58,601 | 90 |
*,1 | Osmotica Pharmaceuticals plc | 23,254 | 88 |
* | Nemaura Medical Inc. | 12,835 | 80 |
* | Aprea Therapeutics Inc. | 12,868 | 78 |
* | Silverback Therapeutics Inc. | 1,442 | 69 |
* | Bolt Biotherapeutics Inc. | 2,398 | 64 |
* | Aziyo Biologics Inc. Class A | 3,763 | 60 |
* | 908 Devices Inc. | 1,117 | 59 |
* | Avenue Therapeutics Inc. | 12,347 | 58 |
* | Bellerophon Therapeutics Inc. | 8,321 | 53 |
Shares | Market Value ($000) | ||
* | Cullinan Management Inc. | 1,315 | 53 |
* | Apria Inc. | 2,371 | 51 |
*,1 | vTv Therapeutics Inc. Class A | 18,570 | 49 |
* | Angion Biomedica Corp. | 2,389 | 41 |
*,1 | Progenity Inc. | 7,000 | 38 |
* | Aytu BioScience Inc. | 4,628 | 35 |
* | Neurobo Pharmaceuticals Inc. | 7,953 | 34 |
* | Decibel Therapeutics Inc. | 1,794 | 34 |
* | Sana Biotechnology Inc. | 1,106 | 34 |
* | Seer Inc. Class A | 643 | 31 |
*,2 | Alder Biopharmaceuticals Inc. | 32,046 | 28 |
*,1,2 | Tobira Therapeutics | 6,201 | 28 |
* | Sigilon Therapeutics Inc. | 1,007 | 27 |
* | Landos Biopharma Inc. | 2,008 | 27 |
* | Lucira Health Inc. | 1,281 | 25 |
* | Terns Pharmaceuticals Inc. | 1,116 | 25 |
* | Olema Pharmaceuticals Inc. | 479 | 19 |
* | Bioventus Inc. Class A | 1,266 | 15 |
* | Kinnate Biopharma Inc. | 399 | 13 |
* | 4D Molecular Therapeutics Inc. | 284 | 12 |
* | Sensei Biotherapeutics Inc. | 163 | 3 |
*,2 | PDL BioPharma Inc. | 712 | 2 |
*,2 | Synergy Pharmaceuticals Inc. | 224,815 | 1 |
*,2 | Progenics Pharmaceuticals Inc. | 110,304 | — |
*,2 | Clinical Data CVR | 913 | — |
*,2 | Omthera Pharmaceutical CVR | 2,012 | — |
*,2 | Achillion Pharma CVR Alexion Pharmaceuticals Inc. | 1,085 | — |
980,092 | |||
Industrials (15.2%) | |||
* | Builders FirstSource Inc. | 367,708 | 15,909 |
Tetra Tech Inc. | 97,176 | 13,446 | |
* | TopBuild Corp. | 59,666 | 11,361 |
Advanced Drainage Systems Inc. | 101,570 | 11,175 | |
EMCOR Group Inc. | 98,048 | 9,547 | |
* | Saia Inc. | 47,399 | 9,505 |
Louisiana-Pacific Corp. | 198,181 | 9,435 | |
* | Chart Industries Inc. | 65,124 | 9,319 |
MAXIMUS Inc. | 110,309 | 8,966 | |
Exponent Inc. | 92,635 | 8,936 | |
* | MasTec Inc. | 102,249 | 8,870 |
* | ASGN Inc. | 91,780 | 8,533 |
* | Itron Inc. | 72,366 | 8,484 |
John Bean Technologies Corp. | 56,475 | 8,334 | |
* | WillScot Mobile Mini Holdings Corp. Class A | 289,228 | 8,020 |
KBR Inc. | 256,943 | 7,965 | |
* | ACI Worldwide Inc. | 206,540 | 7,902 |
Simpson Manufacturing Co. Inc. | 78,626 | 7,663 | |
* | WESCO International Inc. | 88,563 | 7,110 |
* | Proto Labs Inc. | 48,247 | 7,029 |
EnerSys | 76,664 | 6,921 | |
Brink's Co. | 88,793 | 6,822 | |
Altra Industrial Motion Corp. | 116,350 | 6,739 | |
* | Aerojet Rocketdyne Holdings Inc. | 130,295 | 6,680 |
UniFirst Corp. | 27,198 | 6,590 | |
Triton International Ltd. | 109,013 | 6,299 | |
Franklin Electric Co. Inc. | 83,093 | 6,237 | |
Hillenbrand Inc. | 133,713 | 6,212 | |
* | AMN Healthcare Services Inc. | 84,230 | 6,138 |
* | Resideo Technologies Inc. | 254,486 | 6,113 |
Korn Ferry | 98,603 | 6,069 | |
* | Kratos Defense & Security Solutions Inc. | 219,065 | 6,024 |
Shares | Market Value ($000) | ||
GATX Corp. | 62,841 | 5,997 | |
* | TriNet Group Inc. | 74,364 | 5,969 |
Applied Industrial Technologies Inc. | 69,739 | 5,954 | |
* | Atkore Inc. | 85,336 | 5,773 |
Insperity Inc. | 64,720 | 5,741 | |
* | Summit Materials Inc. Class A | 206,561 | 5,724 |
AAON Inc. | 74,131 | 5,715 | |
Badger Meter Inc. | 52,487 | 5,700 | |
Watts Water Technologies Inc. Class A | 49,351 | 5,630 | |
Kennametal Inc. | 149,834 | 5,598 | |
Matson Inc. | 77,135 | 5,343 | |
Maxar Technologies Inc. | 110,334 | 5,279 | |
ABM Industries Inc. | 120,893 | 5,220 | |
HB Fuller Co. | 92,815 | 5,204 | |
* | Gibraltar Industries Inc. | 58,832 | 5,139 |
* | ExlService Holdings Inc. | 59,713 | 5,053 |
Terex Corp. | 121,480 | 5,003 | |
* | Livent Corp. | 264,803 | 4,931 |
ESCO Technologies Inc. | 46,164 | 4,878 | |
* | Masonite International Corp. | 43,914 | 4,818 |
* | SPX FLOW Inc. | 76,664 | 4,719 |
* | Beacon Roofing Supply Inc. | 98,641 | 4,718 |
Werner Enterprises Inc. | 109,706 | 4,709 | |
*,3 | API Group Corp. | 252,562 | 4,672 |
* | Bloom Energy Corp. Class A | 160,205 | 4,571 |
* | Allegheny Technologies Inc. | 229,128 | 4,505 |
* | Installed Building Products Inc. | 41,146 | 4,500 |
Brady Corp. Class A | 85,029 | 4,456 | |
Barnes Group Inc. | 84,796 | 4,439 | |
Albany International Corp. Class A | 55,554 | 4,392 | |
* | Green Dot Corp. Class A | 92,745 | 4,383 |
Fluor Corp. | 253,828 | 4,356 | |
* | SPX Corp. | 77,507 | 4,309 |
* | AeroVironment Inc. | 38,987 | 4,292 |
* | Dycom Industries Inc. | 55,401 | 4,243 |
EVERTEC Inc. | 108,766 | 4,231 | |
Forward Air Corp. | 49,268 | 4,226 | |
Moog Inc. Class A | 53,525 | 4,157 | |
Comfort Systems USA Inc. | 64,863 | 4,018 | |
* | Navistar International Corp. | 89,909 | 3,961 |
Cubic Corp. | 56,727 | 3,940 | |
Federal Signal Corp. | 107,751 | 3,923 | |
* | Herc Holdings Inc. | 43,895 | 3,852 |
ManTech International Corp. Class A | 49,039 | 3,833 | |
* | Meritor Inc. | 125,317 | 3,806 |
* | Welbilt Inc. | 235,111 | 3,757 |
* | CryoPort Inc. | 63,061 | 3,748 |
Helios Technologies Inc. | 56,051 | 3,666 | |
Mueller Water Products Inc. Class A | 282,177 | 3,637 | |
* | JELD-WEN Holding Inc. | 122,581 | 3,635 |
Kadant Inc. | 20,582 | 3,581 | |
Belden Inc. | 79,691 | 3,523 | |
* | Verra Mobility Corp. Class A | 241,118 | 3,436 |
* | Vicor Corp. | 34,689 | 3,417 |
* | Hub Group Inc. Class A | 59,015 | 3,398 |
McGrath RentCorp. | 43,405 | 3,371 | |
O-I Glass Inc. | 283,065 | 3,306 | |
* | Cimpress plc | 32,178 | 3,188 |
Patrick Industries Inc. | 40,179 | 3,171 | |
Lindsay Corp. | 19,509 | 3,126 | |
CSW Industrials Inc. | 24,696 | 3,101 |
Shares | Market Value ($000) | ||
EnPro Industries Inc. | 37,369 | 3,002 | |
* | FARO Technologies Inc. | 31,915 | 2,983 |
Deluxe Corp. | 75,292 | 2,976 | |
Otter Tail Corp. | 73,108 | 2,962 | |
Granite Construction Inc. | 84,396 | 2,902 | |
Primoris Services Corp. | 86,470 | 2,894 | |
* | OSI Systems Inc. | 30,519 | 2,888 |
* | American Woodmark Corp. | 30,501 | 2,849 |
* | Sykes Enterprises Inc. | 68,998 | 2,819 |
* | Air Transport Services Group Inc. | 105,980 | 2,813 |
* | CBIZ Inc. | 91,927 | 2,772 |
TTEC Holdings Inc. | 32,705 | 2,752 | |
Astec Industries Inc. | 40,475 | 2,749 | |
* | GMS Inc. | 75,078 | 2,748 |
*,1 | Workhorse Group Inc. | 169,632 | 2,743 |
ICF International Inc. | 32,801 | 2,737 | |
Greenbrier Cos. Inc. | 58,052 | 2,731 | |
Alamo Group Inc. | 17,787 | 2,715 | |
ArcBest Corp. | 45,588 | 2,689 | |
* | Atlas Air Worldwide Holdings Inc. | 46,375 | 2,557 |
Raven Industries Inc. | 64,295 | 2,520 | |
Tennant Co. | 32,910 | 2,508 | |
* | Cardtronics plc Class A | 64,885 | 2,501 |
* | TriMas Corp. | 73,869 | 2,481 |
* | PGT Innovations Inc. | 102,635 | 2,421 |
Kaman Corp. | 49,717 | 2,419 | |
Enerpac Tool Group Corp. Class A | 97,669 | 2,412 | |
Encore Wire Corp. | 36,745 | 2,408 | |
AAR Corp. | 60,510 | 2,407 | |
* | Repay Holdings Corp. Class A | 110,150 | 2,401 |
AZZ Inc. | 46,964 | 2,399 | |
* | Vivint Smart Home Inc. | 140,115 | 2,382 |
* | Ferro Corp. | 147,502 | 2,341 |
Mesa Laboratories Inc. | 8,569 | 2,330 | |
* | Textainer Group Holdings Ltd. | 88,798 | 2,312 |
Greif Inc. Class A | 46,508 | 2,246 | |
Standex International Corp. | 22,168 | 2,174 | |
Columbus McKinnon Corp. | 41,905 | 2,109 | |
* | Huron Consulting Group Inc. | 40,791 | 2,076 |
MTS Systems Corp. | 34,781 | 2,030 | |
Shyft Group Inc. | 60,956 | 2,005 | |
* | NV5 Global Inc. | 19,268 | 1,990 |
Douglas Dynamics Inc. | 40,771 | 1,964 | |
Griffon Corp. | 78,495 | 1,931 | |
* | Evo Payments Inc. Class A | 74,945 | 1,908 |
Kforce Inc. | 35,606 | 1,828 | |
H&E Equipment Services Inc. | 57,551 | 1,780 | |
* | Great Lakes Dredge & Dock Corp. | 114,744 | 1,743 |
Apogee Enterprises Inc. | 46,275 | 1,731 | |
* | MYR Group Inc. | 29,255 | 1,725 |
Marten Transport Ltd. | 106,368 | 1,721 | |
* | Conduent Inc. | 298,065 | 1,604 |
Heartland Express Inc. | 87,688 | 1,596 | |
Wabash National Corp. | 94,916 | 1,574 | |
Hyster-Yale Materials Handling Inc. | 17,858 | 1,528 | |
* | SEACOR Holdings Inc. | 35,659 | 1,516 |
* | U.S. Concrete Inc. | 28,698 | 1,477 |
* | Parsons Corp. | 40,634 | 1,452 |
Myers Industries Inc. | 64,879 | 1,436 | |
Quanex Building Products Corp. | 59,040 | 1,436 | |
Chase Corp. | 13,327 | 1,435 |
Shares | Market Value ($000) | ||
1 | Frontline Ltd. | 211,988 | 1,435 |
* | Aegion Corp. Class A | 54,590 | 1,411 |
* | Donnelley Financial Solutions Inc. | 53,507 | 1,391 |
* | SP Plus Corp. | 41,629 | 1,380 |
* | Construction Partners Inc. Class A | 47,603 | 1,378 |
Triumph Group Inc. | 93,404 | 1,361 | |
Scorpio Tankers Inc. | 91,022 | 1,343 | |
Argan Inc. | 26,668 | 1,334 | |
* | TrueBlue Inc. | 63,216 | 1,317 |
* | Echo Global Logistics Inc. | 47,116 | 1,313 |
CAI International Inc. | 29,823 | 1,312 | |
* | CIRCOR International Inc. | 36,105 | 1,286 |
* | Energy Recovery Inc. | 71,982 | 1,267 |
Kelly Services Inc. Class A | 60,728 | 1,264 | |
SFL Corp. Ltd. | 165,850 | 1,251 | |
Heidrick & Struggles International Inc. | 34,553 | 1,240 | |
* | Modine Manufacturing Co. | 88,814 | 1,232 |
* | Forterra Inc. | 52,556 | 1,223 |
* | Thermon Group Holdings Inc. | 59,267 | 1,211 |
* | BrightView Holdings Inc. | 74,315 | 1,182 |
* | Sterling Construction Co. Inc. | 50,166 | 1,143 |
DHT Holdings Inc. | 201,883 | 1,127 | |
* | Vectrus Inc. | 20,530 | 1,121 |
* | I3 Verticals Inc. Class A | 33,257 | 1,104 |
Cass Information Systems Inc. | 25,530 | 1,100 | |
* | Tutor Perini Corp. | 73,989 | 1,088 |
* | Lydall Inc. | 30,938 | 1,078 |
* | Ducommun Inc. | 19,439 | 1,057 |
Insteel Industries Inc. | 32,483 | 1,003 | |
* | Manitowoc Co. Inc. | 61,409 | 1,000 |
Gorman-Rupp Co. | 31,158 | 997 | |
* | Montrose Environmental Group Inc. | 20,043 | 980 |
Barrett Business Services Inc. | 13,715 | 977 | |
Pactiv Evergreen Inc. | 69,580 | 973 | |
Luxfer Holdings plc | 49,957 | 957 | |
* | Ranpak Holdings Corp. Class A | 52,431 | 944 |
Ennis Inc. | 45,958 | 911 | |
* | Cornerstone Building Brands Inc. | 79,107 | 901 |
* | DXP Enterprises Inc. | 29,694 | 892 |
Costamare Inc. | 91,838 | 886 | |
* | PAE Inc. | 106,910 | 873 |
* | Dorian LPG Ltd. | 68,327 | 851 |
* | Titan Machinery Inc. | 34,449 | 844 |
* | Aspen Aerogels Inc. | 37,433 | 833 |
* | Willdan Group Inc. | 18,620 | 817 |
*,1 | ExOne Co. | 23,661 | 807 |
Nordic American Tankers Ltd. | 265,496 | 789 | |
Miller Industries Inc. | 19,864 | 784 | |
International Seaways Inc. | 43,460 | 754 | |
CRA International Inc. | 13,643 | 753 | |
* | Vishay Precision Group Inc. | 22,565 | 729 |
* | Cross Country Healthcare Inc. | 64,682 | 719 |
Resources Connection Inc. | 55,393 | 707 | |
* | Blue Bird Corp. | 27,959 | 680 |
* | IES Holdings Inc. | 14,726 | 675 |
* | Astronics Corp. | 42,645 | 674 |
* | Napco Security Technologies Inc. | 21,143 | 658 |
Allied Motion Technologies Inc. | 13,328 | 647 | |
* | Luna Innovations Inc. | 52,803 | 620 |
REV Group Inc. | 49,586 | 616 | |
* | UFP Technologies Inc. | 12,402 | 614 |
Shares | Market Value ($000) | ||
VSE Corp. | 15,936 | 614 | |
* | ShotSpotter Inc. | 14,504 | 609 |
* | Acacia Research Corp. | 85,539 | 607 |
* | GreenSky Inc. Class A | 113,951 | 606 |
* | Team Inc. | 54,384 | 603 |
* | Northwest Pipe Co. | 17,428 | 593 |
Kronos Worldwide Inc. | 40,611 | 587 | |
* | Franklin Covey Co. | 22,702 | 584 |
* | Transcat Inc. | 12,437 | 558 |
* | Veritiv Corp. | 23,267 | 553 |
Greif Inc. Class B | 10,653 | 527 | |
Park-Ohio Holdings Corp. | 15,830 | 512 | |
Caesarstone Ltd. | 40,070 | 505 | |
U.S. Lime & Minerals Inc. | 3,599 | 504 | |
Powell Industries Inc. | 16,169 | 503 | |
Park Aerospace Corp. | 35,440 | 492 | |
* | Radiant Logistics Inc. | 70,675 | 478 |
* | CECO Environmental Corp. | 55,834 | 458 |
* | Daseke Inc. | 82,139 | 453 |
* | Lawson Products Inc. | 7,965 | 422 |
LSI Industries Inc. | 46,392 | 418 | |
* | Orion Energy Systems Inc. | 48,773 | 410 |
* | Diamond S Shipping Inc. | 49,654 | 402 |
Preformed Line Products Co. | 5,463 | 401 | |
* | U.S. Xpress Enterprises Inc. Class A | 40,821 | 378 |
* | Covenant Logistics Group Inc. Class A | 20,715 | 377 |
Hurco Cos. Inc. | 11,191 | 352 | |
* | HC2 Holdings Inc. | 99,974 | 350 |
* | Eagle Bulk Shipping Inc. | 11,628 | 341 |
Universal Logistics Holdings Inc. | 14,060 | 329 | |
* | EVI Industries Inc. | 8,968 | 328 |
Eneti Inc. | 16,545 | 328 | |
Genco Shipping & Trading Ltd. | 30,256 | 318 | |
* | L B Foster Co. Class A | 18,517 | 314 |
*,1 | Alpha Pro Tech Ltd. | 22,317 | 312 |
* | GP Strategies Corp. | 23,191 | 304 |
* | Concrete Pumping Holdings Inc. | 46,164 | 284 |
* | DHI Group Inc. | 88,440 | 275 |
Graham Corp. | 17,255 | 265 | |
* | Mistras Group Inc. | 32,961 | 262 |
* | Quad/Graphics Inc. | 59,233 | 259 |
* | ServiceSource International Inc. | 161,087 | 259 |
* | Overseas Shipholding Group Inc. Class A | 117,454 | 258 |
* | Paysign Inc. | 56,310 | 255 |
* | StarTek Inc. | 31,196 | 253 |
* | Safe Bulkers Inc. | 91,960 | 253 |
BGSF Inc. | 18,172 | 253 | |
* | Gencor Industries Inc. | 16,968 | 241 |
Ardmore Shipping Corp. | 60,086 | 237 | |
* | Atlanticus Holdings Corp. | 8,859 | 233 |
* | Information Services Group Inc. | 63,047 | 229 |
* | PFSweb Inc. | 29,020 | 204 |
* | Nesco Holdings Inc. | 24,536 | 199 |
* | Ibex Ltd. | 8,759 | 193 |
* | PAM Transportation Services Inc. | 3,314 | 192 |
* | Mayville Engineering Co. Inc. | 13,489 | 189 |
* | General Finance Corp. | 18,075 | 182 |
* | Willis Lease Finance Corp. | 5,346 | 173 |
* | Priority Technology Holdings Inc. | 13,782 | 125 |
* | Ultralife Corp. | 16,958 | 115 |
*,1 | Wrap Technologies Inc. | 21,146 | 111 |
Shares | Market Value ($000) | ||
* | Target Hospitality Corp. | 50,550 | 84 |
* | Pangaea Logistics Solutions Ltd. | 18,968 | 57 |
757,716 | |||
Other (0.0%)4 | |||
* | BM Technologies Inc. | 6,896 | 78 |
*,2 | Aduro Biotech Inc. | 17,749 | 11 |
*,2 | Media General Inc. CVR | 85,418 | 3 |
*,2 | NewStar Financial Inc. CVR | 18,788 | 2 |
*,2 | GTx Inc. | 846 | 1 |
95 | |||
Real Estate (6.0%) | |||
* | Redfin Corp. | 179,838 | 13,621 |
EastGroup Properties Inc. | 70,535 | 9,601 | |
STAG Industrial Inc. | 270,478 | 8,534 | |
Innovative Industrial Properties Inc. | 39,133 | 7,631 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 132,328 | 7,441 | |
QTS Realty Trust Inc. Class A | 115,479 | 7,174 | |
Healthcare Realty Trust Inc. | 243,874 | 7,038 | |
Ryman Hospitality Properties Inc. | 91,061 | 7,038 | |
Terreno Realty Corp. | 120,168 | 6,734 | |
Physicians Realty Trust | 376,731 | 6,404 | |
Sabra Health Care REIT Inc. | 370,814 | 6,385 | |
Agree Realty Corp. | 98,574 | 6,364 | |
PotlatchDeltic Corp. | 118,301 | 6,004 | |
Pebblebrook Hotel Trust | 234,619 | 5,316 | |
National Health Investors Inc. | 77,676 | 5,303 | |
Lexington Realty Trust | 493,279 | 5,288 | |
PS Business Parks Inc. | 36,230 | 5,248 | |
Sunstone Hotel Investors Inc. | 388,182 | 5,128 | |
Colony Capital Inc. | 865,219 | 5,122 | |
RLJ Lodging Trust | 296,536 | 4,656 | |
National Storage Affiliates Trust | 113,159 | 4,362 | |
Essential Properties Realty Trust Inc. | 187,812 | 4,357 | |
Uniti Group Inc. | 348,192 | 4,147 | |
Xenia Hotels & Resorts Inc. | 204,376 | 4,081 | |
Kennedy-Wilson Holdings Inc. | 217,453 | 4,079 | |
Retail Properties of America Inc. Class A | 387,150 | 4,077 | |
Piedmont Office Realty Trust Inc. Class A | 227,746 | 3,885 | |
CareTrust REIT Inc. | 172,032 | 3,816 | |
Service Properties Trust | 295,796 | 3,798 | |
SITE Centers Corp. | 276,350 | 3,687 | |
* | DiamondRock Hospitality Co. | 360,319 | 3,646 |
Four Corners Property Trust Inc. | 132,578 | 3,592 | |
Macerich Co. | 270,811 | 3,499 | |
Urban Edge Properties | 209,395 | 3,455 | |
Washington REIT | 148,811 | 3,351 | |
Retail Opportunity Investments Corp. | 208,771 | 3,301 | |
Easterly Government Properties Inc. | 147,150 | 3,234 | |
* | Realogy Holdings Corp. | 206,744 | 3,118 |
* | Cushman & Wakefield plc | 199,304 | 3,085 |
Global Net Lease Inc. | 162,485 | 3,019 | |
St. Joe Co. | 59,304 | 2,985 | |
Monmouth Real Estate Investment Corp. | 171,401 | 2,969 | |
Columbia Property Trust Inc. | 206,718 | 2,919 | |
Acadia Realty Trust | 152,896 | 2,891 | |
Kite Realty Group Trust | 149,747 | 2,871 | |
LTC Properties Inc. | 70,123 | 2,869 | |
American Assets Trust Inc. | 90,739 | 2,820 | |
Newmark Group Inc. Class A | 260,919 | 2,614 | |
1 | Tanger Factory Outlet Centers Inc. | 163,278 | 2,570 |
Shares | Market Value ($000) | ||
Industrial Logistics Properties Trust | 117,166 | 2,492 | |
Safehold Inc. | 32,436 | 2,473 | |
Independence Realty Trust Inc. | 170,885 | 2,399 | |
* | Alexander & Baldwin Inc. | 129,812 | 2,268 |
Mack-Cali Realty Corp. | 156,354 | 2,184 | |
Office Properties Income Trust | 85,961 | 2,174 | |
Diversified Healthcare Trust | 428,134 | 1,927 | |
Summit Hotel Properties Inc. | 185,893 | 1,924 | |
Community Healthcare Trust Inc. | 40,121 | 1,758 | |
Getty Realty Corp. | 62,829 | 1,758 | |
American Finance Trust Inc. | 197,950 | 1,754 | |
Centerspace | 23,424 | 1,608 | |
RPT Realty | 145,749 | 1,599 | |
* | Marcus & Millichap Inc. | 41,968 | 1,589 |
NexPoint Residential Trust Inc. | 38,672 | 1,587 | |
CoreCivic Inc. | 215,176 | 1,545 | |
1 | GEO Group Inc. | 211,906 | 1,526 |
Universal Health Realty Income Trust | 23,129 | 1,433 | |
RE/MAX Holdings Inc. Class A | 32,038 | 1,337 | |
Armada Hoffler Properties Inc. | 103,467 | 1,336 | |
Colony Credit Real Estate Inc. | 152,265 | 1,256 | |
* | Seritage Growth Properties Class A | 61,597 | 1,244 |
Chatham Lodging Trust | 83,346 | 1,161 | |
Broadstone Net Lease Inc. Class A | 63,855 | 1,155 | |
UMH Properties Inc. | 67,239 | 1,148 | |
Gladstone Commercial Corp. | 61,014 | 1,140 | |
RMR Group Inc. Class A | 27,574 | 1,108 | |
Global Medical REIT Inc. | 79,701 | 1,074 | |
Alexander's Inc. | 3,899 | 1,057 | |
Franklin Street Properties Corp. | 186,651 | 926 | |
New Senior Investment Group Inc. | 147,293 | 900 | |
CatchMark Timber Trust Inc. Class A | 87,439 | 893 | |
Urstadt Biddle Properties Inc. Class A | 53,933 | 869 | |
City Office REIT Inc. | 77,604 | 788 | |
Ares Commercial Real Estate Corp. | 55,858 | 771 | |
Saul Centers Inc. | 21,620 | 766 | |
Preferred Apartment Communities Inc. Class A | 86,297 | 710 | |
Gladstone Land Corp. | 38,627 | 691 | |
Hersha Hospitality Trust Class A | 61,681 | 686 | |
Whitestone REIT | 71,522 | 669 | |
Plymouth Industrial REIT Inc. | 44,066 | 657 | |
CorePoint Lodging Inc. | 71,125 | 648 | |
* | Forestar Group Inc. | 30,124 | 641 |
* | Tejon Ranch Co. | 37,961 | 620 |
One Liberty Properties Inc. | 28,893 | 619 | |
* | Rafael Holdings Inc. Class B | 16,614 | 594 |
CTO Realty Growth Inc. | 10,640 | 551 | |
Farmland Partners Inc. | 45,645 | 546 | |
* | FRP Holdings Inc. | 11,530 | 520 |
Retail Value Inc. | 29,430 | 491 | |
Bluerock Residential Growth REIT Inc. Class A | 42,712 | 458 | |
NETSTREIT Corp. | 24,124 | 424 | |
* | Fathom Holdings Inc. | 8,541 | 372 |
Indus Realty Trust Inc. | 5,768 | 350 | |
BRT Apartments Corp. | 18,714 | 296 | |
* | PICO Holdings Inc. | 30,685 | 280 |
* | Stratus Properties Inc. | 10,781 | 262 |
CIM Commercial Trust Corp. | 20,613 | 250 | |
Clipper Realty Inc. | 26,806 | 234 | |
Tiptree Inc. | 44,750 | 224 | |
Alpine Income Property Trust Inc. | 11,952 | 219 |
Shares | Market Value ($000) | ||
CorEnergy Infrastructure Trust Inc. | 25,270 | 189 | |
* | Maui Land & Pineapple Co. Inc. | 12,508 | 148 |
* | Transcontinental Realty Investors Inc. | 2,350 | 49 |
* | Avalon GloboCare Corp. | 37,110 | 45 |
* | American Realty Investors Inc. | 2,011 | 18 |
300,515 | |||
Technology (12.1%) | |||
* | II-VI Inc. | 185,093 | 15,603 |
* | Silicon Laboratories Inc. | 78,160 | 12,173 |
* | Lattice Semiconductor Corp. | 245,262 | 11,802 |
* | Blackline Inc. | 91,912 | 11,399 |
* | Varonis Systems Inc. Class B | 60,402 | 11,086 |
* | Q2 Holdings Inc. | 90,802 | 11,067 |
* | Appian Corp. Class A | 64,176 | 11,032 |
Brooks Automation Inc. | 131,039 | 10,897 | |
* | MicroStrategy Inc. Class A | 13,185 | 9,894 |
* | Magnite Inc. | 194,014 | 9,481 |
Power Integrations Inc. | 106,314 | 9,395 | |
* | Upwork Inc. | 167,308 | 9,015 |
* | Sailpoint Technologies Holdings Inc. | 158,777 | 8,952 |
CMC Materials Inc. | 52,399 | 8,934 | |
* | J2 Global Inc. | 78,206 | 8,711 |
* | Semtech Corp. | 116,484 | 8,539 |
* | Synaptics Inc. | 62,255 | 8,344 |
* | Novanta Inc. | 61,631 | 8,156 |
* | 3D Systems Corp. | 218,156 | 7,819 |
* | Covetrus Inc. | 209,672 | 7,791 |
* | Alarm.com Holdings Inc. | 85,728 | 7,534 |
* | LivePerson Inc. | 112,495 | 7,382 |
* | Cerence Inc. | 66,323 | 7,376 |
Perspecta Inc. | 251,237 | 7,336 | |
* | LiveRamp Holdings Inc. | 115,706 | 7,308 |
* | Workiva Inc. Class A | 71,545 | 7,237 |
Advanced Energy Industries Inc. | 68,554 | 7,160 | |
* | Rapid7 Inc. | 93,105 | 7,098 |
* | Ambarella Inc. | 59,699 | 6,716 |
* | SPS Commerce Inc. | 63,970 | 6,444 |
* | FormFactor Inc. | 139,343 | 6,322 |
Blackbaud Inc. | 89,174 | 6,137 | |
* | Envestnet Inc. | 95,806 | 6,133 |
* | Rogers Corp. | 33,635 | 6,104 |
* | Diodes Inc. | 77,305 | 6,070 |
* | Qualys Inc. | 61,428 | 5,968 |
* | Cloudera Inc. | 369,663 | 5,966 |
* | Fabrinet | 66,106 | 5,839 |
* | Verint Systems Inc. | 117,190 | 5,776 |
Vishay Intertechnology Inc. | 239,210 | 5,710 | |
* | Cornerstone OnDemand Inc. | 110,870 | 5,601 |
* | Schrodinger Inc. | 54,308 | 5,565 |
* | Bandwidth Inc. Class A | 34,533 | 5,469 |
* | MACOM Technology Solutions Holdings Inc. Class H | 84,786 | 5,456 |
* | Onto Innovation Inc. | 85,531 | 5,342 |
* | Tenable Holdings Inc. | 127,931 | 5,234 |
* | Insight Enterprises Inc. | 62,399 | 5,216 |
* | MaxLinear Inc. | 123,710 | 4,920 |
* | Yelp Inc. Class A | 129,881 | 4,898 |
* | CommVault Systems Inc. | 76,084 | 4,849 |
* | Appfolio Inc. Class A | 29,436 | 4,828 |
* | Altair Engineering Inc. Class A | 78,374 | 4,827 |
* | Box Inc. Class A | 255,296 | 4,685 |
* | Avaya Holdings Corp. | 149,137 | 4,425 |
Shares | Market Value ($000) | ||
* | Mimecast Ltd. | 103,002 | 4,417 |
* | Allscripts Healthcare Solutions Inc. | 283,316 | 4,372 |
* | Plexus Corp. | 51,715 | 4,343 |
Amkor Technology Inc. | 180,184 | 4,305 | |
* | Rambus Inc. | 204,226 | 4,285 |
* | SVMK Inc. | 221,737 | 4,129 |
NIC Inc. | 118,710 | 4,120 | |
* | Cargurus Inc. | 158,426 | 4,111 |
* | Sanmina Corp. | 115,366 | 4,109 |
Xperi Holding Corp. | 188,150 | 3,970 | |
* | Calix Inc. | 94,925 | 3,750 |
* | Bottomline Technologies DE Inc. | 80,104 | 3,595 |
* | TechTarget Inc. | 42,925 | 3,590 |
* | NetScout Systems Inc. | 126,972 | 3,583 |
Shutterstock Inc. | 39,447 | 3,480 | |
Progress Software Corp. | 80,754 | 3,435 | |
* | Sprout Social Inc. Class A | 50,134 | 3,408 |
* | Cognyte Software Ltd. | 116,984 | 3,377 |
* | PROS Holdings Inc. | 70,813 | 3,357 |
* | Ultra Clean Holdings Inc. | 72,318 | 3,354 |
* | Perficient Inc. | 58,804 | 3,275 |
Cohu Inc. | 74,154 | 3,222 | |
* | Yext Inc. | 185,211 | 3,134 |
* | Domo Inc. Class B | 46,813 | 2,983 |
* | PAR Technology Corp. | 34,313 | 2,981 |
* | Unisys Corp. | 111,553 | 2,739 |
* | CSG Systems International Inc. | 58,917 | 2,719 |
* | Zuora Inc. Class A | 181,103 | 2,704 |
Pitney Bowes Inc. | 313,362 | 2,657 | |
* | Super Micro Computer Inc. | 79,944 | 2,609 |
* | Model N Inc. | 61,375 | 2,599 |
Methode Electronics Inc. | 66,169 | 2,576 | |
* | TTM Technologies Inc. | 180,269 | 2,545 |
* | nLight Inc. | 63,860 | 2,434 |
* | CEVA Inc. | 39,551 | 2,422 |
* | Upland Software Inc. | 47,828 | 2,364 |
* | Eventbrite Inc. Class A | 115,770 | 2,300 |
* | ePlus Inc. | 23,897 | 2,260 |
* | Axcelis Technologies Inc. | 59,833 | 2,206 |
* | Sitime Corp. | 21,101 | 2,056 |
* | Agilysys Inc. | 34,299 | 2,044 |
* | Impinj Inc. | 30,878 | 1,975 |
* | Veeco Instruments Inc. | 87,841 | 1,889 |
Benchmark Electronics Inc. | 65,494 | 1,860 | |
CTS Corp. | 57,425 | 1,847 | |
* | Diebold Nixdorf Inc. | 126,484 | 1,837 |
* | Groupon Inc. Class A | 41,908 | 1,819 |
Simulations Plus Inc. | 25,155 | 1,804 | |
* | Ichor Holdings Ltd. | 40,415 | 1,728 |
* | Ping Identity Holding Corp. | 66,755 | 1,564 |
Sapiens International Corp. NV | 49,497 | 1,553 | |
* | Brightcove Inc. | 71,178 | 1,550 |
* | Veritone Inc. | 42,157 | 1,520 |
* | OneSpan Inc. | 60,416 | 1,411 |
* | Blucora Inc. | 86,593 | 1,403 |
QAD Inc. Class A | 21,160 | 1,358 | |
* | Photronics Inc. | 113,524 | 1,352 |
* | Alpha & Omega Semiconductor Ltd. | 37,669 | 1,326 |
* | Tucows Inc. Class A | 16,532 | 1,306 |
* | ScanSource Inc. | 45,876 | 1,305 |
* | Rackspace Technology Inc. | 60,832 | 1,279 |
Shares | Market Value ($000) | ||
* | EverQuote Inc. Class A | 25,337 | 1,241 |
* | SMART Global Holdings Inc. | 26,042 | 1,216 |
Ebix Inc. | 48,268 | 1,177 | |
* | ChannelAdvisor Corp. | 50,240 | 1,135 |
* | Mitek Systems Inc. | 72,876 | 1,114 |
* | Avid Technology Inc. | 56,874 | 1,103 |
* | GAN Ltd. | 43,128 | 1,101 |
American Software Inc. Class A | 53,639 | 1,084 | |
* | Kimball Electronics Inc. | 43,460 | 1,020 |
* | Mediaalpha Inc. Class A | 19,415 | 1,019 |
* | TrueCar Inc. | 184,649 | 1,001 |
* | Arlo Technologies Inc. | 142,624 | 993 |
* | A10 Networks Inc. | 105,935 | 989 |
* | PDF Solutions Inc. | 51,788 | 951 |
* | AXT Inc. | 70,689 | 914 |
PC Connection Inc. | 19,818 | 912 | |
* | Forrester Research Inc. | 19,816 | 895 |
* | Atomera Inc. | 31,100 | 870 |
* | NeoPhotonics Corp. | 89,754 | 863 |
* | Benefitfocus Inc. | 52,478 | 798 |
1 | VirnetX Holding Corp. | 114,410 | 796 |
* | Digimarc Corp. | 21,618 | 791 |
*,1 | Sumo Logic Inc. | 25,841 | 785 |
Computer Programs and Systems Inc. | 23,366 | 735 | |
* | Grid Dynamics Holdings Inc. | 49,074 | 732 |
* | Zix Corp. | 98,924 | 730 |
Hackett Group Inc. | 45,282 | 707 | |
* | Limelight Networks Inc. | 212,772 | 696 |
* | DSP Group Inc. | 40,165 | 625 |
NVE Corp. | 8,541 | 602 | |
* | GTY Technologies Holdings Inc. | 79,513 | 583 |
* | Intelligent Systems Corp. | 13,425 | 533 |
* | Waitr Holdings Inc. | 151,036 | 480 |
* | Quantum Corp. | 54,359 | 453 |
* | eGain Corp. | 37,434 | 435 |
* | Smith Micro Software Inc. | 62,436 | 412 |
* | Iteris Inc. | 74,359 | 410 |
* | comScore Inc. | 108,805 | 397 |
* | Intellicheck Inc. | 32,217 | 392 |
Daktronics Inc. | 65,837 | 356 | |
* | CyberOptics Corp. | 12,737 | 341 |
* | Rimini Street Inc. | 40,912 | 318 |
* | Synchronoss Technologies Inc. | 71,606 | 317 |
* | Immersion Corp. | 30,641 | 304 |
* | Red Violet Inc. | 12,291 | 285 |
* | Intevac Inc. | 43,057 | 274 |
* | Pixelworks Inc. | 71,311 | 256 |
* | PCTEL Inc. | 32,770 | 248 |
* | SecureWorks Corp. Class A | 15,973 | 230 |
* | GSI Technology Inc. | 30,484 | 224 |
* | Research Frontiers Inc. | 49,046 | 198 |
* | Asure Software Inc. | 25,001 | 195 |
* | Akerna Corp. | 30,953 | 171 |
* | Beyond Air Inc. | 26,149 | 155 |
* | Telos Corp. | 4,610 | 154 |
* | Park City Group Inc. | 22,820 | 139 |
* | Mastech Digital Inc. | 7,117 | 114 |
*,1 | PubMatic Inc. Class A | 1,420 | 92 |
McAfee Corp.Class A | 4,128 | 85 | |
* | Asana Inc. Class A | 2,094 | 73 |
* | ON24 Inc. | 1,292 | 73 |
Shares | Market Value ($000) | ||
* | Viant Technology Inc. Class A | 1,351 | 67 |
* | Datto Holding Corp. | 2,455 | 57 |
* | C3.ai Inc. Class A | 471 | 53 |
Bentley Systems Inc. Class B | 1,169 | 52 | |
603,147 | |||
Telecommunications (1.8%) | |||
* | Iridium Communications Inc. | 212,173 | 8,128 |
* | Acacia Communications Inc. | 69,987 | 8,048 |
* | Viavi Solutions Inc. | 411,306 | 6,657 |
* | 8x8 Inc. | 190,286 | 6,510 |
* | Vonage Holdings Corp. | 423,054 | 5,593 |
Cogent Communications Holdings Inc. | 76,549 | 4,581 | |
Shenandoah Telecommunications Co. | 86,765 | 3,848 | |
InterDigital Inc. | 55,610 | 3,524 | |
* | Liberty Latin America Ltd. Class C | 285,146 | 3,125 |
* | Infinera Corp. | 295,699 | 2,905 |
Plantronics Inc. | 62,308 | 2,523 | |
* | Vocera Communications Inc. | 57,853 | 2,478 |
* | NETGEAR Inc. | 54,016 | 2,161 |
* | Extreme Networks Inc. | 212,349 | 1,947 |
*,1 | Inseego Corp. | 126,182 | 1,841 |
ADTRAN Inc. | 85,949 | 1,447 | |
* | Cincinnati Bell Inc. | 89,799 | 1,372 |
* | Harmonic Inc. | 173,560 | 1,344 |
* | WideOpenWest Inc. | 94,077 | 1,322 |
* | Digi International Inc. | 51,458 | 1,202 |
Comtech Telecommunications Corp. | 44,350 | 1,192 | |
*,1 | Gogo Inc. | 99,299 | 1,177 |
* | Ribbon Communications Inc. | 122,238 | 1,056 |
Loral Space & Communications Inc. | 23,126 | 1,025 | |
* | ORBCOMM Inc. | 132,857 | 1,014 |
ATN International Inc. | 20,034 | 975 | |
* | Boingo Wireless Inc. | 79,009 | 901 |
* | Liberty Latin America Ltd. Class A | 77,721 | 853 |
* | Anterix Inc. | 19,662 | 830 |
* | Consolidated Communications Holdings Inc. | 131,831 | 693 |
* | CalAmp Corp. | 61,854 | 691 |
* | Clearfield Inc. | 20,094 | 651 |
* | IDT Corp. Class B | 35,772 | 642 |
* | Ooma Inc. | 37,566 | 594 |
*,1 | Resonant Inc. | 92,169 | 471 |
* | Casa Systems Inc. | 56,552 | 464 |
* | Cambium Networks Corp. | 9,964 | 421 |
* | Genasys Inc. | 59,670 | 410 |
* | KVH Industries Inc. | 29,560 | 404 |
* | Powerfleet Inc. | 50,960 | 401 |
* | Applied Optoelectronics Inc. | 38,677 | 361 |
* | DZS Inc. | 21,610 | 360 |
Spok Holdings Inc. | 31,958 | 343 | |
* | Hemisphere Media Group Inc. Class A | 29,974 | 331 |
Bel Fuse Inc. Class B | 18,002 | 320 | |
Alaska Communications Systems Group Inc. | 93,432 | 306 | |
*,1 | GTT Communications Inc. | 56,519 | 106 |
* | SeaChange International Inc. | 55,726 | 66 |
87,614 | |||
Utilities (3.3%) | |||
* | Sunrun Inc. | 271,251 | 16,975 |
1 | Brookfield Renewable Corp. Class A | 212,556 | 9,816 |
PNM Resources Inc. | 143,126 | 6,871 | |
Portland General Electric Co. | 162,384 | 6,846 |
Shares | Market Value ($000) | ||
New Jersey Resources Corp. | 171,877 | 6,753 | |
Black Hills Corp. | 113,305 | 6,703 | |
ONE Gas Inc. | 94,634 | 6,338 | |
* | Southwest Gas Holdings Inc. | 101,102 | 6,304 |
Ormat Technologies Inc. | 72,201 | 6,185 | |
Spire Inc. | 90,528 | 6,013 | |
ALLETE Inc. | 94,011 | 5,841 | |
NorthWestern Corp. | 91,533 | 5,353 | |
* | Casella Waste Systems Inc. Class A | 88,003 | 5,097 |
Avista Corp. | 123,882 | 4,981 | |
California Water Service Group | 89,151 | 4,899 | |
American States Water Co. | 66,562 | 4,862 | |
South Jersey Industries Inc. | 182,062 | 4,572 | |
* | Evoqua Water Technologies Corp. | 185,394 | 4,551 |
* | Sunnova Energy International Inc. | 95,688 | 4,291 |
MGE Energy Inc. | 65,825 | 4,193 | |
Clearway Energy Inc. Class C | 147,733 | 4,057 | |
1 | Brookfield Infrastructure Corp. Class A | 57,203 | 3,788 |
Chesapeake Utilities Corp. | 30,974 | 3,275 | |
Covanta Holding Corp. | 214,261 | 3,010 | |
SJW Group | 47,589 | 2,983 | |
Northwest Natural Holding Co. | 54,840 | 2,632 | |
* | Harsco Corp. | 140,971 | 2,306 |
U.S. Ecology Inc. | 56,843 | 2,172 | |
Middlesex Water Co. | 30,650 | 2,105 | |
Clearway Energy Inc. Class A | 62,676 | 1,639 | |
Unitil Corp. | 26,527 | 1,110 | |
York Water Co. | 23,568 | 981 | |
* | Heritage-Crystal Clean Inc. | 28,121 | 737 |
Artesian Resources Corp. Class A | 14,513 | 537 | |
* | Atlantic Power Corp. | 155,768 | 447 |
* | Pure Cycle Corp. | 35,040 | 412 |
*,1 | Cadiz Inc. | 36,995 | 402 |
Global Water Resources Inc. | 22,885 | 397 | |
Consolidated Water Co. Ltd. | 26,325 | 341 | |
* | Sharps Compliance Corp. | 25,507 | 324 |
RGC Resources Inc. | 13,878 | 315 | |
Spark Energy Inc. Class A | 22,023 | 219 | |
Genie Energy Ltd. Class B | 24,237 | 183 | |
Advanced Emissions Solutions Inc. | 28,373 | 162 | |
161,978 | |||
Total Common Stocks (Cost $4,196,628) | 4,979,327 |
Shares | Market Value ($000) | ||
Temporary Cash Investments (1.8%) | |||
Money Market Fund (1.8%) | |||
5,6 | Vanguard Market Liquidity Fund, 0.099% (Cost $89,508) | 895,200 | 89,520 |
Total Investments (101.9%) (Cost $4,286,136) | 5,068,847 | ||
Other Assets and Liabilities—Net (-1.9%) | (93,045) | ||
Net Assets (100%) | 4,975,802 | ||
Cost is in $000. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $81,899,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2021, the aggregate value was $4,672,000, representing 0.1% of net assets. |
4 | “Other” represents securities that are not classified by the fund’s benchmark index. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
6 | Collateral of $87,140,000 was received for securities on loan, of which $86,935,000 is held in Vanguard Market Liquidity Fund and $205,000 is held in cash. |
CVR—Contingent Value Rights. | |
REIT—Real Estate Investment Trust. |
Shares | Market Value ($000) | ||
Common Stocks (99.9%) | |||
Basic Materials (5.6%) | |||
Cleveland-Cliffs Inc. | 248,927 | 3,321 | |
Rexnord Corp. | 60,827 | 2,734 | |
* | Alcoa Corp. | 102,365 | 2,513 |
U.S. Steel Corp. | 142,805 | 2,372 | |
Avient Corp. | 50,098 | 2,165 | |
Hecla Mining Co. | 286,097 | 1,868 | |
Commercial Metals Co. | 65,163 | 1,639 | |
Minerals Technologies Inc. | 18,663 | 1,329 | |
Stepan Co. | 10,833 | 1,308 | |
Worthington Industries Inc. | 20,022 | 1,279 | |
Mueller Industries Inc. | 30,542 | 1,241 | |
* | Coeur Mining Inc. | 132,716 | 1,196 |
* | Arconic Corp. | 54,570 | 1,196 |
Domtar Corp. | 30,091 | 1,115 | |
Sensient Technologies Corp. | 13,760 | 1,071 | |
Carpenter Technology Corp. | 25,884 | 1,053 | |
Kaiser Aluminum Corp. | 8,555 | 976 | |
Trinseo SA | 14,340 | 928 | |
Boise Cascade Co. | 17,742 | 886 | |
Schweitzer-Mauduit International Inc. | 16,927 | 791 | |
* | Amyris Inc. | 52,633 | 726 |
Tronox Holdings plc Class A | 36,381 | 667 | |
* | Kraton Corp. | 17,049 | 634 |
U.S. Silica Holdings Inc. | 39,996 | 532 | |
Materion Corp. | 7,668 | 525 | |
Neenah Inc. | 9,129 | 505 | |
Schnitzer Steel Industries Inc. Class A | 14,036 | 485 | |
* | AdvanSix Inc. | 15,004 | 417 |
* | Century Aluminum Co. | 27,921 | 383 |
Glatfelter Corp. | 23,830 | 383 | |
*,1 | Energy Fuels Inc. | 72,071 | 374 |
* | Rayonier Advanced Materials Inc. | 33,737 | 312 |
UFP Industries Inc. | 5,073 | 310 | |
* | Clearwater Paper Corp. | 8,800 | 308 |
PQ Group Holdings Inc. | 17,733 | 272 | |
Orion Engineered Carbons SA | 14,688 | 260 | |
Innospec Inc. | 2,522 | 253 | |
American Vanguard Corp. | 12,812 | 250 | |
Tredegar Corp. | 14,441 | 220 | |
Verso Corp. Class A | 17,118 | 214 | |
FutureFuel Corp. | 14,188 | 208 | |
* | TimkenSteel Corp. | 25,206 | 204 |
Haynes International Inc. | 6,957 | 194 | |
* | Unifi Inc. | 7,407 | 185 |
Balchem Corp. | 1,457 | 174 | |
* | Intrepid Potash Inc. | 5,363 | 159 |
Hawkins Inc. | 2,408 | 151 | |
* | Koppers Holdings Inc. | 4,379 | 146 |
* | GCP Applied Technologies Inc. | 5,816 | 144 |
* | Uranium Energy Corp. | 66,901 | 142 |
* | NN Inc. | 22,812 | 140 |
* | Gatos Silver Inc. | 9,430 | 132 |
* | Ryerson Holding Corp. | 8,977 | 114 |
Gold Resource Corp. | 36,797 | 99 | |
Olympic Steel Inc. | 5,106 | 91 | |
Eastern Co. | 3,018 | 77 | |
* | Novagold Resources Inc. | 9,115 | 76 |
Caledonia Mining Corp. plc | 4,198 | 60 | |
* | AgroFresh Solutions Inc. | 15,629 | 37 |
Shares | Market Value ($000) | ||
NL Industries Inc. | 4,696 | 26 | |
41,570 | |||
Consumer Discretionary (17.7%) | |||
* | Penn National Gaming Inc. | 42,460 | 4,916 |
* | Caesars Entertainment Inc. | 40,697 | 3,803 |
Marriott Vacations Worldwide Corp. | 19,275 | 3,271 | |
*,1 | GameStop Corp. Class A | 31,281 | 3,183 |
Lithia Motors Inc. Class A | 7,265 | 2,717 | |
Boyd Gaming Corp. | 44,464 | 2,610 | |
Macy's Inc. | 170,684 | 2,596 | |
TEGNA Inc. | 120,161 | 2,191 | |
Goodyear Tire & Rubber Co. | 126,653 | 2,129 | |
American Eagle Outfitters Inc. | 82,426 | 2,118 | |
* | Spirit Airlines Inc. | 53,839 | 1,932 |
Dana Inc. | 79,309 | 1,888 | |
Bed Bath & Beyond Inc. | 69,559 | 1,868 | |
* | Adient plc | 48,232 | 1,788 |
* | Taylor Morrison Home Corp. Class A | 62,287 | 1,714 |
KB Home | 41,313 | 1,668 | |
* | Meritage Homes Corp. | 19,251 | 1,623 |
MDC Holdings Inc. | 28,553 | 1,615 | |
PROG Holdings Inc. | 32,156 | 1,608 | |
Allegiant Travel Co. Class A | 6,290 | 1,586 | |
Cooper Tire & Rubber Co. | 27,511 | 1,575 | |
Wolverine World Wide Inc. | 44,234 | 1,546 | |
SkyWest Inc. | 26,936 | 1,518 | |
Group 1 Automotive Inc. | 9,544 | 1,455 | |
Callaway Golf Co. | 51,027 | 1,426 | |
Signet Jewelers Ltd. | 28,489 | 1,418 | |
Cinemark Holdings Inc. | 58,562 | 1,315 | |
* | Tri Pointe Homes Inc. | 68,933 | 1,310 |
* | Urban Outfitters Inc. | 37,823 | 1,282 |
Cheesecake Factory Inc. | 23,185 | 1,274 | |
Big Lots Inc. | 19,809 | 1,259 | |
* | Sleep Number Corp. | 9,137 | 1,253 |
Herman Miller Inc. | 32,315 | 1,239 | |
Kontoor Brands Inc. | 28,268 | 1,194 | |
Cracker Barrel Old Country Store Inc. | 7,435 | 1,151 | |
Jack in the Box Inc. | 11,018 | 1,128 | |
PriceSmart Inc. | 11,686 | 1,127 | |
* | Adtalem Global Education Inc. | 28,504 | 1,120 |
ODP Corp. | 28,546 | 1,092 | |
* | Asbury Automotive Group Inc. | 6,413 | 1,087 |
La-Z-Boy Inc. | 24,400 | 1,040 | |
* | Knowles Corp. | 48,474 | 1,008 |
* | Vista Outdoor Inc. | 31,874 | 1,008 |
International Game Technology plc | 54,298 | 993 | |
* | Sally Beauty Holdings Inc. | 61,601 | 992 |
Rush Enterprises Inc. Class A | 23,209 | 985 | |
KAR Auction Services Inc. | 70,762 | 984 | |
Steven Madden Ltd. | 25,234 | 933 | |
Abercrombie & Fitch Co. Class A | 34,011 | 931 | |
* | Clean Energy Fuels Corp. | 70,943 | 925 |
* | Century Communities Inc. | 15,935 | 882 |
HNI Corp. | 23,326 | 830 | |
* | Tupperware Brands Corp. | 26,863 | 821 |
* | Laureate Education Inc. Class A | 58,874 | 810 |
* | SeaWorld Entertainment Inc. | 15,612 | 775 |
* | M/I Homes Inc. | 15,208 | 759 |
Sinclair Broadcast Group Inc. Class A | 24,324 | 752 | |
* | At Home Group Inc. | 29,301 | 738 |
Shares | Market Value ($000) | ||
* | G-III Apparel Group Ltd. | 23,997 | 691 |
Oxford Industries Inc. | 8,972 | 684 | |
BJ's Restaurants Inc. | 12,061 | 670 | |
Hawaiian Holdings Inc. | 24,763 | 664 | |
Steelcase Inc. Class A | 46,983 | 655 | |
Dine Brands Global Inc. | 7,948 | 629 | |
Dave & Buster's Entertainment Inc. | 15,387 | 625 | |
* | Michaels Cos. Inc. | 40,934 | 614 |
* | Central Garden & Pet Co. Class A | 14,633 | 607 |
Buckle Inc. | 15,771 | 606 | |
Gray Television Inc. | 33,291 | 604 | |
Acushnet Holdings Corp. | 14,275 | 603 | |
* | AMC Networks Inc. Class A | 9,200 | 603 |
* | American Axle & Manufacturing Holdings Inc. | 61,263 | 599 |
Matthews International Corp. Class A | 16,606 | 593 | |
Sonic Automotive Inc. Class A | 12,785 | 590 | |
* | Hibbett Sports Inc. | 9,092 | 584 |
* | WW International Inc. | 19,577 | 577 |
EW Scripps Co. Class A | 30,599 | 576 | |
Brinker International Inc. | 8,315 | 570 | |
Monro Inc. | 9,196 | 570 | |
* | Imax Corp. | 27,004 | 558 |
Guess? Inc. | 21,727 | 548 | |
* | Stride Inc. | 22,082 | 531 |
Smith & Wesson Brands Inc. | 30,196 | 520 | |
* | Zumiez Inc. | 11,425 | 515 |
* | MarineMax Inc. | 11,289 | 504 |
* | iHeartMedia Inc. Class A | 33,341 | 469 |
Viad Corp. | 11,120 | 465 | |
Scholastic Corp. | 15,982 | 460 | |
* | Chuy's Holdings Inc. | 10,837 | 444 |
Knoll Inc. | 27,233 | 444 | |
* | Everi Holdings Inc. | 29,080 | 439 |
* | Stoneridge Inc. | 14,304 | 439 |
* | Cars.com Inc. | 36,863 | 430 |
* | QuinStreet Inc. | 17,830 | 426 |
Designer Brands Inc. Class A | 33,936 | 424 | |
Citi Trends Inc. | 5,396 | 420 | |
* | Scientific Games Corp. Class A | 8,809 | 413 |
Standard Motor Products Inc. | 9,682 | 407 | |
* | Stitch Fix Inc. Class A | 5,141 | 392 |
* | Fossil Group Inc. | 25,427 | 385 |
* | Selectquote Inc. | 12,365 | 377 |
Franchise Group Inc. | 10,643 | 373 | |
* | National Vision Holdings Inc. | 7,643 | 363 |
Gannett Co. Inc. | 72,058 | 357 | |
* | Aaron's Co. Inc. | 16,233 | 356 |
* | Genesco Inc. | 7,841 | 352 |
* | Houghton Mifflin Harcourt Co. | 57,641 | 352 |
1 | AMC Entertainment Holdings Inc. Class A | 42,290 | 339 |
* | Lumber Liquidators Holdings Inc. | 13,414 | 332 |
* | Cooper-Standard Holdings Inc. | 9,246 | 331 |
Haverty Furniture Cos. Inc. | 8,944 | 324 | |
Interface Inc. Class A | 26,015 | 323 | |
Ethan Allen Interiors Inc. | 12,512 | 321 | |
Dillard's Inc. Class A | 3,942 | 314 | |
*,1 | Academy Sports and Outdoors Inc. | 13,093 | 314 |
Caleres Inc. | 19,721 | 313 | |
* | Tenneco Inc. Class A | 28,083 | 313 |
* | Boston Omaha Corp. Class A | 7,231 | 304 |
* | Nautilus Inc. | 16,468 | 303 |
Shares | Market Value ($000) | ||
Carriage Services Inc. Class A | 9,032 | 298 | |
RCI Hospitality Holdings Inc. | 4,607 | 296 | |
Entercom Communications Corp. Class A | 65,133 | 291 | |
* | Overstock.com Inc. | 4,257 | 286 |
* | Beazer Homes USA Inc. | 15,715 | 278 |
* | Quotient Technology Inc. | 20,734 | 278 |
* | MSG Networks Inc. Class A | 16,341 | 277 |
Red Rock Resorts Inc. Class A | 8,973 | 271 | |
Meredith Corp. | 10,881 | 270 | |
OneSpaWorld Holdings Ltd. | 24,789 | 270 | |
National Presto Industries Inc. | 2,578 | 264 | |
* | Red Robin Gourmet Burgers Inc. | 8,474 | 260 |
* | Green Brick Partners Inc. | 12,956 | 256 |
Kimball International Inc. Class B | 19,735 | 255 | |
Shoe Carnival Inc. | 5,123 | 251 | |
Papa John's International Inc. | 2,662 | 240 | |
Marcus Corp. | 12,126 | 238 | |
* | Liquidity Services Inc. | 15,089 | 236 |
* | American Public Education Inc. | 7,897 | 232 |
* | Turtle Beach Corp. | 7,733 | 231 |
* | VOXX International Corp. Class A | 10,810 | 224 |
* | Liberty TripAdvisor Holdings Inc. Class A | 39,322 | 221 |
Clarus Corp. | 12,177 | 211 | |
Winmark Corp. | 1,176 | 208 | |
* | Lands' End Inc. | 6,265 | 207 |
* | Denny's Corp. | 11,748 | 206 |
Hooker Furniture Corp. | 6,011 | 203 | |
* | Mesa Air Group Inc. | 16,430 | 200 |
* | Liberty Media Corp.- Liberty Braves Class C | 6,873 | 198 |
* | Corsair Gaming Inc. | 5,500 | 197 |
Movado Group Inc. | 8,487 | 194 | |
* | Motorcar Parts of America Inc. | 8,963 | 191 |
* | Central Garden & Pet Co. | 4,044 | 184 |
* | Funko Inc. Class A | 13,535 | 184 |
Johnson Outdoors Inc. Class A | 1,453 | 175 | |
Rent-A-Center Inc. | 3,033 | 175 | |
* | El Pollo Loco Holdings Inc. | 9,440 | 173 |
Chico's FAS Inc. | 63,648 | 171 | |
* | Container Store Group Inc. | 10,745 | 165 |
National CineMedia Inc. | 34,914 | 165 | |
Children's Place Inc. | 2,334 | 162 | |
Del Taco Restaurants Inc. | 16,149 | 162 | |
Rocky Brands Inc. | 3,714 | 162 | |
* | Eros International plc | 88,514 | 162 |
* | Regis Corp. | 13,213 | 155 |
* | American Outdoor Brands Inc. | 7,721 | 155 |
* | Fiesta Restaurant Group Inc. | 9,760 | 149 |
* | Fluent Inc. | 23,471 | 149 |
Tribune Publishing Co. | 8,751 | 149 | |
Cato Corp. Class A | 11,790 | 146 | |
* | Golden Entertainment Inc. | 5,884 | 139 |
* | Conn's Inc. | 9,412 | 134 |
* | Monarch Casino & Resort Inc. | 1,949 | 132 |
* | Tilly's Inc. Class A | 12,458 | 129 |
* | Lakeland Industries Inc. | 4,123 | 129 |
* | Century Casinos Inc. | 15,193 | 122 |
* | Carrols Restaurant Group Inc. | 19,119 | 118 |
Superior Group of Cos. Inc. | 4,853 | 116 | |
* | America's Car-Mart Inc. | 851 | 115 |
Bluegreen Vacations Holding Class A | 7,014 | 111 | |
Escalade Inc. | 5,579 | 110 |
Shares | Market Value ($000) | ||
* | Vera Bradley Inc. | 11,499 | 109 |
Rush Enterprises Inc. Class B | 2,769 | 105 | |
Entravision Communications Corp. Class A | 33,020 | 103 | |
* | Alta Equipment Group Inc. | 9,578 | 102 |
* | Express Inc. | 35,689 | 96 |
* | Liberty Media Corp.- Liberty Braves Class A | 3,256 | 96 |
* | LiveXLive Media Inc. | 23,638 | 94 |
Nathan's Famous Inc. | 1,555 | 93 | |
* | PlayAGS Inc. | 11,216 | 92 |
* | Casper Sleep Inc. | 10,824 | 91 |
Lifetime Brands Inc. | 6,734 | 87 | |
* | Noodles & Co. Class A | 9,046 | 85 |
Systemax Inc. | 2,323 | 84 | |
* | Duluth Holdings Inc. Class B | 5,944 | 83 |
A-Mark Precious Metals Inc. | 2,780 | 79 | |
* | Boot Barn Holdings Inc. | 1,294 | 78 |
Sturm Ruger & Co. Inc. | 1,137 | 78 | |
*,1 | Eastman Kodak Co. | 8,653 | 75 |
Emerald Holding Inc. | 13,719 | 75 | |
* | Biglari Holdings Inc. Class A | 109 | 64 |
* | Gaia Inc. Class A | 6,647 | 63 |
* | GoPro Inc. Class A | 7,798 | 59 |
* | Universal Electronics Inc. | 967 | 56 |
Weyco Group Inc. | 3,169 | 56 | |
* | Kura Sushi USA Inc. Class A | 1,878 | 56 |
* | Legacy Housing Corp. | 3,508 | 55 |
Hamilton Beach Brands Holding Co. Class A | 2,559 | 45 | |
Saga Communications Inc. Class A | 2,114 | 44 | |
* | Daily Journal Corp. | 127 | 43 |
*,1 | Radius Global Infrastructure Inc. Class A | 3,467 | 39 |
* | CarParts.com Inc. | 1,490 | 26 |
Bluegreen Vacations Corp. | 2,929 | 23 | |
CompX International Inc. | 1,028 | 15 | |
* | Biglari Holdings Inc. Class B | 118 | 14 |
* | Petco Health & Wellness Co. Inc. | 442 | 9 |
* | ContextLogic Inc. Class A | 355 | 7 |
* | Universal Technical Institute Inc. | 985 | 6 |
* | Driven Brands Holdings Inc. | 191 | 5 |
* | Motorsport Games Inc. Class A | 82 | 2 |
132,095 | |||
Consumer Staples (3.1%) | |||
* | Darling Ingredients Inc. | 88,015 | 5,548 |
* | Performance Food Group Co. | 71,683 | 3,888 |
* | Simply Good Foods Co. | 46,686 | 1,362 |
Primo Water Corp. | 85,677 | 1,224 | |
J & J Snack Foods Corp. | 6,021 | 956 | |
Vector Group Ltd. | 67,566 | 922 | |
Edgewell Personal Care Co. | 29,902 | 915 | |
* | United Natural Foods Inc. | 29,780 | 788 |
Universal Corp. | 13,221 | 672 | |
* | Rite Aid Corp. | 29,921 | 586 |
* | Hostess Brands Inc. Class A | 37,803 | 544 |
* | Cal-Maine Foods Inc. | 13,474 | 513 |
* | Chefs' Warehouse Inc. | 16,471 | 513 |
* | BellRing Brands Inc. Class A | 21,688 | 493 |
Andersons Inc. | 17,183 | 449 | |
Fresh Del Monte Produce Inc. | 16,919 | 435 | |
ACCO Brands Corp. | 50,296 | 407 | |
Ingles Markets Inc. Class A | 7,721 | 401 | |
Sanderson Farms Inc. | 2,459 | 375 | |
SpartanNash Co. | 19,457 | 355 |
Shares | Market Value ($000) | ||
Weis Markets Inc. | 5,232 | 280 | |
* | Seneca Foods Corp. Class A | 3,553 | 194 |
* | Landec Corp. | 14,159 | 158 |
WD-40 Co. | 476 | 148 | |
* | HF Foods Group Inc. | 19,348 | 143 |
B&G Foods Inc. | 4,229 | 128 | |
MGP Ingredients Inc. | 1,825 | 117 | |
Limoneira Co. | 7,126 | 109 | |
Village Super Market Inc. Class A | 4,743 | 109 | |
Oil-Dri Corp. of America | 2,760 | 93 | |
* | Vital Farms Inc. | 3,318 | 90 |
Alico Inc. | 2,941 | 87 | |
* | Nature's Sunshine Products Inc. | 4,988 | 82 |
*,1 | NewAge Inc. | 29,593 | 78 |
* | Farmer Bros Co. | 9,011 | 70 |
Core-Mark Holding Co. Inc. | 1,744 | 57 | |
Tootsie Roll Industries Inc. | 1,445 | 45 | |
* | Mission Produce Inc. | 1,700 | 36 |
* | Laird Superfood Inc. | 728 | 29 |
Natural Grocers by Vitamin Cottage Inc. | 1,860 | 26 | |
* | Bridgford Foods Corp. | 547 | 8 |
* | Hydrofarm Holdings Group Inc. | 92 | 6 |
23,439 | |||
Energy (5.2%) | |||
Ovintiv Inc. (XNYS) | 143,394 | 3,308 | |
* | ChampionX Corp. | 101,828 | 2,166 |
* | PDC Energy Inc. | 54,556 | 1,907 |
* | Renewable Energy Group Inc. | 20,951 | 1,629 |
* | CNX Resources Corp. | 121,887 | 1,537 |
Arcosa Inc. | 26,606 | 1,509 | |
* | Southwestern Energy Co. | 354,094 | 1,434 |
Matador Resources Co. | 60,209 | 1,258 | |
* | Antero Resources Corp. | 132,709 | 1,194 |
* | Range Resources Corp. | 117,208 | 1,130 |
* | Transocean Ltd. | 319,744 | 1,109 |
World Fuel Services Corp. | 34,050 | 1,058 | |
* | FuelCell Energy Inc. | 52,883 | 896 |
SM Energy Co. | 62,163 | 862 | |
Delek US Holdings Inc. | 34,238 | 841 | |
PBF Energy Inc. Class A | 52,453 | 745 | |
Patterson-UTI Energy Inc. | 99,721 | 738 | |
Archrock Inc. | 70,673 | 729 | |
Kosmos Energy Ltd. | 219,838 | 677 | |
* | Dril-Quip Inc. | 19,042 | 647 |
* | Oceaneering International Inc. | 54,057 | 638 |
* | NOW Inc. | 59,612 | 634 |
Golar LNG Ltd. | 49,593 | 560 | |
Warrior Met Coal Inc. | 28,040 | 538 | |
* | ProPetro Holding Corp. | 43,984 | 504 |
* | Green Plains Inc. | 18,808 | 476 |
Liberty Oilfield Services Inc. Class A | 40,384 | 472 | |
* | SunPower Corp. | 12,861 | 447 |
Cactus Inc. Class A | 13,845 | 441 | |
Nabors Industries Ltd. | 3,803 | 422 | |
* | NexTier Oilfield Solutions Inc. | 88,764 | 413 |
Arch Resources Inc. | 8,345 | 400 | |
* | Par Pacific Holdings Inc. | 22,062 | 390 |
* | Helix Energy Solutions Group Inc. | 78,293 | 384 |
* | Frank's International NV | 84,418 | 382 |
* | MRC Global Inc. | 43,309 | 379 |
CVR Energy Inc. | 16,320 | 360 |
Shares | Market Value ($000) | ||
* | American Superconductor Corp. | 14,776 | 352 |
* | Bonanza Creek Energy Inc. | 10,447 | 334 |
Brigham Minerals Inc. Class A | 22,816 | 326 | |
SunCoke Energy Inc. | 45,492 | 291 | |
* | REX American Resources Corp. | 3,066 | 288 |
* | Tellurian Inc. | 90,227 | 279 |
* | Tidewater Inc. | 22,213 | 277 |
DMC Global Inc. | 4,315 | 272 | |
* | Contango Oil & Gas Co. | 52,138 | 254 |
* | Oil States International Inc. | 32,421 | 238 |
* | RPC Inc. | 32,233 | 205 |
* | Select Energy Services Inc. Class A | 31,818 | 201 |
* | Matrix Service Co. | 14,539 | 197 |
Solaris Oilfield Infrastructure Inc. Class A | 16,174 | 191 | |
Berry Corp. | 37,980 | 188 | |
* | CONSOL Energy Inc. | 16,385 | 177 |
* | W&T Offshore Inc. | 52,864 | 174 |
* | Newpark Resources Inc. | 49,852 | 172 |
* | National Energy Services Reunited Corp. | 11,600 | 154 |
* | Peabody Energy Corp. | 35,197 | 151 |
* | Penn Virginia Corp. | 7,621 | 112 |
* | Trecora Resources | 13,549 | 96 |
* | Earthstone Energy Inc. Class A | 13,062 | 92 |
* | Bristow Group Inc. | 3,431 | 91 |
Falcon Minerals Corp. | 21,609 | 85 | |
* | Exterran Corp. | 14,613 | 80 |
* | Comstock Resources Inc. | 13,050 | 74 |
* | Talos Energy Inc. | 6,961 | 74 |
* | Magnolia Oil & Gas Corp. Class A | 5,756 | 69 |
Evolution Petroleum Corp. | 15,934 | 57 | |
*,1 | Maxeon Solar Technologies Ltd. | 1,632 | 55 |
NACCO Industries Inc. Class A | 2,092 | 52 | |
Adams Resources & Energy Inc. | 1,152 | 34 | |
* | Shoals Technologies Group Inc. Class A | 974 | 32 |
* | Whiting Petroleum Corp. | 670 | 23 |
* | NextDecade Corp. | 11,279 | 22 |
* | Goodrich Petroleum Corp. | 2,216 | 21 |
* | PrimeEnergy Resources Corp. | 258 | 12 |
* | Array Technologies Inc. | 312 | 12 |
39,028 | |||
Financials (26.0%) | |||
Stifel Financial Corp. | 54,688 | 3,340 | |
South State Corp. | 38,282 | 3,019 | |
Valley National Bancorp | 217,744 | 2,667 | |
Glacier Bancorp Inc. | 46,906 | 2,542 | |
United Bankshares Inc. | 67,685 | 2,501 | |
Essent Group Ltd. | 60,357 | 2,488 | |
CIT Group Inc. | 53,909 | 2,445 | |
Blackstone Mortgage Trust Inc. Class A | 75,175 | 2,195 | |
Selective Insurance Group Inc. | 32,308 | 2,191 | |
Radian Group Inc. | 104,716 | 2,136 | |
* | Texas Capital Bancshares Inc. | 27,640 | 2,106 |
Community Bank System Inc. | 28,929 | 2,059 | |
Home BancShares Inc. | 83,575 | 2,043 | |
BankUnited Inc. | 50,308 | 2,022 | |
UMB Financial Corp. | 23,839 | 2,011 | |
CNO Financial Group Inc. | 75,796 | 1,824 | |
Hancock Whitney Corp. | 47,132 | 1,779 | |
* | Cannae Holdings Inc. | 47,166 | 1,762 |
Pacific Premier Bancorp Inc. | 43,684 | 1,760 | |
Columbia Banking System Inc. | 39,367 | 1,744 |
Shares | Market Value ($000) | ||
Simmons First National Corp. Class A | 59,307 | 1,736 | |
Ameris Bancorp | 36,236 | 1,726 | |
BancorpSouth Bank | 54,323 | 1,633 | |
Old National Bancorp | 89,587 | 1,624 | |
Atlantic Union Bankshares Corp. | 42,700 | 1,568 | |
Cathay General Bancorp | 41,610 | 1,566 | |
CVB Financial Corp. | 70,608 | 1,512 | |
WSFS Financial Corp. | 27,505 | 1,462 | |
Independent Bank Corp. (XNGS) | 16,804 | 1,437 | |
Independent Bank Group Inc. | 20,309 | 1,415 | |
United Community Banks Inc. | 42,804 | 1,415 | |
Walker & Dunlop Inc. | 14,113 | 1,406 | |
* | Enstar Group Ltd. | 6,563 | 1,395 |
Cadence BanCorp. Class A | 67,483 | 1,385 | |
American Equity Investment Life Holding Co. | 49,749 | 1,375 | |
Fulton Financial Corp. | 86,618 | 1,338 | |
* | Axos Financial Inc. | 28,829 | 1,334 |
Eastern Bankshares Inc. | 75,274 | 1,326 | |
Hilltop Holdings Inc. | 39,474 | 1,304 | |
* | Mr Cooper Group Inc. | 41,318 | 1,299 |
International Bancshares Corp. | 29,173 | 1,271 | |
Washington Federal Inc. | 41,387 | 1,251 | |
Navient Corp. | 100,858 | 1,249 | |
First Merchants Corp. | 29,561 | 1,243 | |
First BanCorp. | 117,844 | 1,236 | |
First Midwest Bancorp Inc. | 62,147 | 1,229 | |
Chimera Investment Corp. | 105,214 | 1,214 | |
PennyMac Financial Services Inc. | 20,420 | 1,209 | |
Investors Bancorp Inc. | 90,450 | 1,207 | |
First Financial Bancorp | 53,030 | 1,189 | |
Renasant Corp. | 29,836 | 1,172 | |
WesBanco Inc. | 35,658 | 1,151 | |
Flagstar Bancorp Inc. | 26,387 | 1,145 | |
* | Silvergate Capital Corp. Class A | 8,582 | 1,095 |
Two Harbors Investment Corp. | 149,891 | 1,082 | |
Arbor Realty Trust Inc. | 63,319 | 1,056 | |
Towne Bank | 36,597 | 1,055 | |
Trustmark Corp. | 34,479 | 1,040 | |
Apollo Commercial Real Estate Finance Inc. | 77,064 | 1,024 | |
PennyMac Mortgage Investment Trust | 53,734 | 1,019 | |
Piper Sandler Cos. | 9,542 | 1,014 | |
* | Seacoast Banking Corp. of Florida | 28,179 | 1,013 |
First Interstate BancSystem Inc. Class A | 22,242 | 1,010 | |
Bank of NT Butterfield & Son Ltd. | 27,448 | 1,002 | |
MFA Financial Inc. | 248,482 | 999 | |
Federated Hermes Inc. | 36,896 | 986 | |
Banner Corp. | 18,953 | 981 | |
* | NMI Holdings Inc. Class A | 42,576 | 973 |
Park National Corp. | 7,816 | 969 | |
* | Triumph Bancorp Inc. | 12,377 | 949 |
Sandy Spring Bancorp Inc. | 25,175 | 946 | |
Capitol Federal Financial Inc. | 71,013 | 945 | |
* | PRA Group Inc. | 24,784 | 914 |
Virtus Investment Partners Inc. | 3,634 | 912 | |
Northwest Bancshares Inc. | 64,096 | 905 | |
Heartland Financial USA Inc. | 18,931 | 885 | |
Horace Mann Educators Corp. | 22,706 | 875 | |
Lakeland Financial Corp. | 12,687 | 875 | |
New York Mortgage Trust Inc. | 207,106 | 864 | |
* | Genworth Financial Inc. Class A | 276,561 | 863 |
Live Oak Bancshares Inc. | 15,526 | 856 |
Shares | Market Value ($000) | ||
Eagle Bancorp Inc. | 17,426 | 852 | |
Waddell & Reed Financial Inc. Class A | 33,710 | 846 | |
NBT Bancorp Inc. | 23,274 | 843 | |
Hope Bancorp Inc. | 63,793 | 839 | |
Artisan Partners Asset Management Inc. Class A | 17,593 | 836 | |
Argo Group International Holdings Ltd. | 17,737 | 820 | |
Goosehead Insurance Inc. Class A | 6,274 | 813 | |
Great Western Bancorp Inc. | 30,130 | 808 | |
Meta Financial Group Inc. | 18,170 | 805 | |
Provident Financial Services Inc. | 39,143 | 792 | |
Veritex Holdings Inc. | 26,126 | 760 | |
BGC Partners Inc. Class A | 169,183 | 758 | |
Westamerica BanCorp. | 12,363 | 743 | |
FB Financial Corp. | 17,216 | 730 | |
ProAssurance Corp. | 29,183 | 722 | |
Broadmark Realty Capital Inc. | 70,355 | 722 | |
OceanFirst Financial Corp. | 32,300 | 702 | |
First Commonwealth Financial Corp. | 52,124 | 699 | |
iStar Inc. | 39,195 | 695 | |
Nelnet Inc. Class A | 9,391 | 682 | |
B Riley Financial Inc. | 10,325 | 680 | |
Stewart Information Services Corp. | 14,379 | 679 | |
Ladder Capital Corp. Class A | 58,221 | 666 | |
BancFirst Corp. | 10,231 | 654 | |
City Holding Co. | 8,439 | 635 | |
First Busey Corp. | 27,335 | 626 | |
First Bancorp | 15,496 | 624 | |
Safety Insurance Group Inc. | 7,838 | 620 | |
TriCo Bancshares | 14,396 | 620 | |
Premier Financial Corp. | 20,148 | 618 | |
AMERISAFE Inc. | 10,544 | 617 | |
Boston Private Financial Holdings Inc. | 44,645 | 614 | |
Tompkins Financial Corp. | 7,894 | 610 | |
S&T Bancorp Inc. | 21,021 | 607 | |
Brookline Bancorp Inc. | 42,304 | 602 | |
Redwood Trust Inc. | 61,162 | 602 | |
Southside Bancshares Inc. | 17,412 | 602 | |
* | Enova International Inc. | 18,843 | 578 |
* | Bancorp Inc. | 28,387 | 575 |
* | Encore Capital Group Inc. | 17,052 | 570 |
Enterprise Financial Services Corp. | 13,264 | 570 | |
Dime Community Bancshares Inc. | 19,374 | 570 | |
OFG Bancorp | 27,869 | 538 | |
German American Bancorp Inc. | 13,395 | 528 | |
Employers Holdings Inc. | 15,660 | 521 | |
Heritage Financial Corp. | 19,633 | 508 | |
HomeStreet Inc. | 11,690 | 502 | |
Berkshire Hills Bancorp Inc. | 24,681 | 498 | |
National Bank Holdings Corp. Class A | 12,362 | 479 | |
* | StoneX Group Inc. | 8,264 | 477 |
ConnectOne Bancorp Inc. | 20,412 | 474 | |
Stock Yards Bancorp Inc. | 9,592 | 473 | |
* | Third Point Reinsurance Ltd. | 46,044 | 470 |
Banc of California Inc. | 24,212 | 449 | |
Washington Trust Bancorp Inc. | 9,413 | 448 | |
Preferred Bank | 7,587 | 440 | |
Meridian Bancorp Inc. | 25,320 | 424 | |
* | Ambac Financial Group Inc. | 24,941 | 423 |
Horizon Bancorp Inc. | 23,575 | 421 | |
ARMOUR Residential REIT Inc. | 34,812 | 420 | |
* | LendingClub Corp. | 38,876 | 419 |
Shares | Market Value ($000) | ||
Lakeland Bancorp Inc. | 26,341 | 413 | |
Bryn Mawr Bank Corp. | 10,844 | 410 | |
Origin Bancorp Inc. | 11,914 | 408 | |
WisdomTree Investments Inc. | 76,706 | 407 | |
1st Source Corp. | 9,020 | 400 | |
Univest Financial Corp. | 15,897 | 400 | |
1 | Invesco Mortgage Capital Inc. | 101,058 | 393 |
Allegiance Bancshares Inc. | 10,416 | 392 | |
* | Customers Bancorp Inc. | 14,454 | 387 |
First Foundation Inc. | 16,700 | 382 | |
Kearny Financial Corp. | 32,379 | 367 | |
First Bancorp Inc. (XNMS) | 11,406 | 366 | |
* | Nicolet Bankshares Inc. | 4,939 | 366 |
Northfield Bancorp Inc. | 26,298 | 360 | |
TrustCo Bank Corp. | 52,292 | 360 | |
* | CrossFirst Bankshares Inc. | 26,355 | 352 |
Community Trust Bancorp Inc. | 8,540 | 349 | |
Harbornone Bancorp Inc. | 29,169 | 349 | |
Ellington Financial Inc. | 22,114 | 348 | |
* | TriState Capital Holdings Inc. | 15,171 | 348 |
TPG RE Finance Trust Inc. | 32,975 | 344 | |
ServisFirst Bancshares Inc. | 6,912 | 343 | |
Central Pacific Financial Corp. | 15,020 | 340 | |
United Fire Group Inc. | 11,479 | 338 | |
Federal Agricultural Mortgage Corp. Class C | 3,901 | 336 | |
QCR Holdings Inc. | 8,121 | 336 | |
Granite Point Mortgage Trust Inc. | 29,860 | 333 | |
Flushing Financial Corp. | 15,993 | 332 | |
Camden National Corp. | 8,178 | 331 | |
* | Watford Holdings Ltd. | 9,466 | 328 |
Great Southern Bancorp Inc. | 5,959 | 315 | |
Peoples Bancorp Inc. | 10,084 | 314 | |
First Financial Corp. | 7,394 | 313 | |
Cowen Inc. Class A | 9,085 | 308 | |
* | Columbia Financial Inc. | 18,700 | 306 |
Ready Capital Corp. | 23,174 | 304 | |
* | World Acceptance Corp. | 2,400 | 304 |
Heritage Commerce Corp. | 31,774 | 302 | |
FBL Financial Group Inc. Class A | 5,243 | 299 | |
Capstead Mortgage Corp. | 51,668 | 296 | |
First Mid Bancshares Inc. | 8,042 | 293 | |
KKR Real Estate Finance Trust Inc. | 15,793 | 291 | |
National Western Life Group Inc. Class A | 1,390 | 290 | |
Midland States Bancorp Inc. | 11,791 | 289 | |
RLI Corp. | 2,735 | 285 | |
CBTX Inc. | 9,668 | 282 | |
Altabancorp | 8,124 | 280 | |
Peapack-Gladstone Financial Corp. | 10,106 | 278 | |
Bank of Marin Bancorp | 7,291 | 270 | |
Byline Bancorp Inc. | 13,289 | 265 | |
Hanmi Financial Corp. | 15,258 | 261 | |
Banco Latinoamericano de Comercio Exterior SA Class E | 16,788 | 256 | |
Mercantile Bank Corp. | 8,663 | 253 | |
First Community Bankshares Inc. | 9,637 | 247 | |
Independent Bank Corp. | 11,551 | 239 | |
Financial Institutions Inc. | 8,634 | 236 | |
Diamond Hill Investment Group Inc. | 1,649 | 234 | |
First of Long Island Corp. | 12,528 | 233 | |
Arrow Financial Corp. | 7,291 | 232 | |
Business First Bancshares Inc. | 10,462 | 230 | |
Dynex Capital Inc. | 12,163 | 229 |
Shares | Market Value ($000) | ||
Bar Harbor Bankshares | 8,131 | 228 | |
* | MoneyGram International Inc. | 34,142 | 228 |
Republic Bancorp Inc. Class A | 5,337 | 224 | |
Alerus Financial Corp. | 8,126 | 224 | |
* | Atlantic Capital Bancshares Inc. | 10,837 | 221 |
MidWestOne Financial Group Inc. | 8,012 | 220 | |
Orchid Island Capital Inc. | 38,212 | 219 | |
Waterstone Financial Inc. | 11,195 | 217 | |
Sculptor Capital Management Inc. Class A | 10,236 | 211 | |
* | StepStone Group Inc. Class A | 5,860 | 211 |
Cambridge Bancorp | 2,744 | 209 | |
* | Amerant Bancorp Inc. | 12,280 | 202 |
HomeTrust Bancshares Inc. | 8,658 | 200 | |
* | Equity Bancshares Inc. Class A | 7,586 | 197 |
* | MBIA Inc. | 26,883 | 196 |
* | Metropolitan Bank Holding Corp. | 3,781 | 196 |
Oppenheimer Holdings Inc. Class A | 5,174 | 196 | |
Farmers National Banc Corp. | 13,884 | 192 | |
CNB Financial Corp. | 8,067 | 187 | |
Old Second Bancorp Inc. | 15,643 | 187 | |
Capital City Bank Group Inc. | 7,489 | 185 | |
Sierra Bancorp | 7,743 | 185 | |
American National Bankshares Inc. | 5,785 | 179 | |
Hingham Institution for Savings | 740 | 179 | |
* | Oportun Financial Corp. | 10,963 | 179 |
State Auto Financial Corp. | 9,481 | 178 | |
Reliant Bancorp Inc. | 7,885 | 174 | |
West BanCorp. Inc | 7,627 | 174 | |
MVB Financial Corp. | 5,276 | 172 | |
RBB Bancorp | 9,149 | 172 | |
Universal Insurance Holdings Inc. | 11,358 | 169 | |
* | Southern First Bancshares Inc. | 3,851 | 169 |
* | Bridgewater Bancshares Inc. | 11,612 | 168 |
First Internet Bancorp | 5,105 | 167 | |
* | Citizens Inc. Class A | 27,136 | 165 |
Civista Bancshares Inc. | 8,403 | 162 | |
Merchants Bancorp | 4,659 | 159 | |
Peoples Financial Services Corp. | 3,804 | 159 | |
SmartFinancial Inc. | 7,547 | 158 | |
Southern National Bancorp of Virginia Inc. | 11,115 | 158 | |
HCI Group Inc. | 2,664 | 154 | |
Regional Management Corp. | 4,751 | 154 | |
Anworth Mortgage Asset Corp. | 55,000 | 152 | |
Citizens & Northern Corp. | 7,273 | 152 | |
Southern Missouri Bancorp Inc. | 4,149 | 152 | |
Spirit of Texas Bancshares Inc. | 7,208 | 150 | |
Capstar Financial Holdings Inc. | 8,963 | 145 | |
Summit Financial Group Inc. | 5,971 | 144 | |
* | Carter Bankshares Inc. | 12,153 | 144 |
Enterprise Bancorp Inc. | 4,868 | 141 | |
First Bancorp Inc. (XNGS) | 5,518 | 141 | |
Red River Bancshares Inc. | 2,658 | 138 | |
Home Bancorp Inc. | 4,185 | 135 | |
Metrocity Bankshares Inc. | 9,438 | 135 | |
Guaranty Bancshares Inc. | 4,307 | 131 | |
Macatawa Bank Corp. | 14,714 | 130 | |
* | Coastal Financial Corp. | 4,638 | 130 |
Farmers & Merchants Bancorp Inc. | 5,508 | 127 | |
Century Bancorp Inc. Class A | 1,387 | 126 | |
* | EZCorp. Inc. Class A | 26,331 | 126 |
Northrim BanCorp Inc. | 3,246 | 125 |
Shares | Market Value ($000) | ||
ACNB Corp. | 4,532 | 125 | |
Amalgamated Bank Class A | 7,044 | 124 | |
Great Ajax Corp. | 10,992 | 124 | |
PCSB Financial Corp. | 7,653 | 124 | |
Heritage Insurance Holdings Inc. | 12,560 | 122 | |
* | Assetmark Financial Holdings Inc. | 5,084 | 120 |
Orrstown Financial Services Inc. | 6,115 | 119 | |
* | Greenlight Capital Re Ltd. Class A | 15,257 | 119 |
Protective Insurance Corp. Class B | 5,044 | 116 | |
Timberland Bancorp Inc. | 4,168 | 116 | |
National Bankshares Inc. | 3,465 | 115 | |
Premier Financial Bancorp Inc. | 7,326 | 114 | |
Provident Bancorp Inc. | 9,138 | 112 | |
FS Bancorp Inc. | 1,839 | 111 | |
LCNB Corp. | 6,568 | 111 | |
South Plains Financial Inc. | 5,682 | 110 | |
BCB Bancorp Inc. | 8,132 | 108 | |
First Choice Bancorp | 5,451 | 108 | |
Territorial Bancorp Inc. | 4,393 | 108 | |
Fidelity D&D Bancorp Inc. | 2,139 | 108 | |
Ames National Corp. | 4,722 | 108 | |
Western Asset Mortgage Capital Corp. | 32,900 | 107 | |
Central Valley Community Bancorp | 5,942 | 105 | |
Western New England Bancorp Inc. | 12,822 | 103 | |
First Business Financial Services Inc. | 4,576 | 102 | |
ChoiceOne Financial Services Inc. | 4,034 | 102 | |
* | Howard Bancorp Inc. | 7,376 | 101 |
Investar Holding Corp. | 5,237 | 101 | |
Parke Bancorp Inc. | 5,549 | 101 | |
* | FVCBankcorp Inc. | 6,311 | 100 |
Independence Holding Co. | 2,576 | 98 | |
Bank of Commerce Holdings | 8,934 | 97 | |
PCB Bancorp | 6,992 | 97 | |
* | Select Bancorp Inc. | 8,882 | 97 |
Shore Bancshares Inc. | 6,365 | 97 | |
James River Group Holdings Ltd. | 2,089 | 96 | |
Community Bankers Trust Corp. | 12,205 | 95 | |
Luther Burbank Corp. | 9,297 | 95 | |
Northeast Bank | 3,668 | 95 | |
Investors Title Co. | 610 | 93 | |
* | Professional Holding Corp. Class A | 5,806 | 93 |
Bankwell Financial Group Inc. | 3,706 | 92 | |
Mid Penn Bancorp Inc. | 3,896 | 92 | |
* | Trean Insurance Group Inc. | 5,449 | 92 |
* | Republic First Bancorp Inc. | 25,510 | 91 |
First Bank | 8,565 | 90 | |
1st Constitution Bancorp | 5,071 | 89 | |
HBT Financial Inc. | 5,496 | 89 | |
* | NI Holdings Inc. | 4,909 | 88 |
Richmond Mutual BanCorp. Inc. | 6,729 | 88 | |
Codorus Valley Bancorp Inc. | 5,194 | 87 | |
Evans Bancorp Inc. | 2,693 | 87 | |
Penns Woods Bancorp Inc. | 3,640 | 87 | |
C&F Financial Corp. | 1,947 | 85 | |
1 | First Capital Inc. | 1,762 | 85 |
Bank of Princeton | 3,200 | 84 | |
Cherry Hill Mortgage Investment Corp. | 8,517 | 84 | |
Community Financial Corp. | 2,768 | 84 | |
* | Safeguard Scientifics Inc. | 10,988 | 84 |
Norwood Financial Corp. | 3,252 | 83 | |
Donegal Group Inc. Class A | 5,929 | 81 |
Shares | Market Value ($000) | ||
Riverview Bancorp Inc. | 12,079 | 80 | |
Crawford & Co. Class A | 8,304 | 78 | |
ESSA Bancorp Inc. | 4,995 | 78 | |
Arlington Asset Investment Corp. Class A | 18,853 | 76 | |
Unity Bancorp Inc. | 3,828 | 76 | |
Westwood Holdings Group Inc. | 4,379 | 76 | |
Eagle Bancorp Montana Inc. | 3,511 | 76 | |
* | BayCom Corp. | 4,371 | 75 |
First Northwest Bancorp | 4,551 | 74 | |
First Community Corp. | 4,044 | 72 | |
BankFinancial Corp. | 7,500 | 71 | |
Marlin Business Services Corp. | 4,693 | 71 | |
Middlefield Banc Corp. | 3,164 | 71 | |
United Insurance Holdings Corp. | 11,413 | 71 | |
* | Pioneer Bancorp Inc. | 6,523 | 70 |
Standard AVB Financial Corp. | 2,155 | 70 | |
* | Capital Bancorp Inc. | 4,350 | 69 |
First United Corp. | 3,759 | 68 | |
FNCB Bancorp Inc. | 9,548 | 67 | |
* | ProSight Global Inc. | 5,196 | 66 |
Hawthorn Bancshares Inc. | 3,264 | 66 | |
Plumas Bancorp | 2,620 | 66 | |
* | California BanCorp. | 4,258 | 66 |
Mackinac Financial Corp. | 5,028 | 65 | |
* | First Western Financial Inc. | 3,488 | 64 |
SB Financial Group Inc. | 3,693 | 64 | |
Franklin Financial Services Corp. | 2,314 | 64 | |
Chemung Financial Corp. | 1,779 | 63 | |
* | MainStreet Bancshares Inc. | 3,405 | 63 |
OP Bancorp | 6,853 | 63 | |
Level One Bancorp Inc. | 2,909 | 62 | |
Oak Valley Bancorp | 3,853 | 62 | |
Colony Bankcorp Inc. | 4,344 | 62 | |
First Savings Financial Group Inc. | 981 | 61 | |
Meridian Corp. | 2,484 | 61 | |
Ellington Residential Mortgage REIT | 4,915 | 60 | |
* | Esquire Financial Holdings Inc. | 2,702 | 60 |
County Bancorp Inc. | 2,600 | 59 | |
Ohio Valley Banc Corp. | 2,426 | 59 | |
Peoples Bancorp of North Carolina Inc. | 2,498 | 58 | |
* | MMA Capital Holdings Inc. | 2,605 | 58 |
Salisbury Bancorp Inc. | 1,418 | 58 | |
CB Financial Services Inc. | 2,765 | 56 | |
Prudential Bancorp Inc. | 4,147 | 56 | |
United Security Bancshares | 7,565 | 56 | |
Landmark Bancorp Inc. | 2,216 | 54 | |
Auburn National BanCorp Inc. | 1,328 | 52 | |
Provident Financial Holdings Inc. | 3,139 | 49 | |
* | Security National Financial Corp. Class A | 5,307 | 48 |
Citizens Holding Co. | 2,435 | 48 | |
Sterling Bancorp Inc. | 9,190 | 47 | |
FedNat Holding Co. | 6,596 | 46 | |
* | Ponce de Leon Federal Bank | 4,203 | 43 |
* | Limestone Bancorp Inc. | 2,808 | 42 |
Partners Bancorp. | 5,423 | 39 | |
Greene County Bancorp Inc. | 1,534 | 37 | |
Associated Capital Group Inc. Class A | 1,051 | 36 | |
Silvercrest Asset Management Group Inc. Class A | 2,559 | 36 | |
First Guaranty Bancshares Inc. | 1,962 | 32 | |
* | Bogota Financial Corp. | 3,083 | 28 |
* | Swk Holdings Corp. | 1,935 | 27 |
Shares | Market Value ($000) | ||
* | Altisource Portfolio Solutions SA | 2,447 | 25 |
Bank First Corp. | 259 | 18 | |
Bank7 Corp. | 1,041 | 17 | |
Oconee Federal Financial Corp. | 598 | 15 | |
* | Vericity Inc. | 1,095 | 11 |
* | Upstart Holdings Inc. | 156 | 10 |
GAMCO Investors Inc. Class A | 376 | 7 | |
Value Line Inc. | 38 | 1 | |
194,535 | |||
Health Care (6.3%) | |||
* | Novavax Inc. | 24,612 | 5,691 |
* | Tenet Healthcare Corp. | 51,427 | 2,624 |
* | Arena Pharmaceuticals Inc. | 29,148 | 2,342 |
Patterson Cos. Inc. | 46,495 | 1,444 | |
Owens & Minor Inc. | 39,759 | 1,352 | |
* | Avanos Medical Inc. | 26,085 | 1,199 |
* | Myriad Genetics Inc. | 38,922 | 1,187 |
* | MEDNAX Inc. | 40,765 | 996 |
* | OPKO Health Inc. | 218,012 | 981 |
* | Intra-Cellular Therapies Inc. | 22,394 | 793 |
* | Prestige Consumer Healthcare Inc. | 17,765 | 741 |
* | Evolent Health Inc. Class A | 34,830 | 702 |
* | Magellan Health Inc. | 7,412 | 692 |
* | Livanova plc | 7,848 | 608 |
* | Brookdale Senior Living Inc. | 100,298 | 584 |
* | Integer Holdings Corp. | 6,588 | 581 |
* | NextGen Healthcare Inc. | 30,376 | 568 |
* | Endo International plc | 71,230 | 565 |
*,1 | Cassava Sciences Inc. | 11,563 | 562 |
* | Supernus Pharmaceuticals Inc. | 20,682 | 556 |
* | Vanda Pharmaceuticals Inc. | 29,710 | 554 |
* | ImmunoGen Inc. | 57,636 | 504 |
* | MacroGenics Inc. | 19,362 | 484 |
* | Varex Imaging Corp. | 21,059 | 483 |
National HealthCare Corp. | 6,913 | 481 | |
* | Orthofix Medical Inc. | 10,251 | 477 |
* | Enanta Pharmaceuticals Inc. | 9,623 | 475 |
* | Heska Corp. | 2,457 | 463 |
* | AngioDynamics Inc. | 20,211 | 423 |
* | TG Therapeutics Inc. | 9,241 | 404 |
* | Community Health Systems Inc. | 46,841 | 401 |
* | Hanger Inc. | 17,861 | 393 |
* | Five Prime Therapeutics Inc. | 17,200 | 382 |
* | Prothena Corp. plc | 16,817 | 375 |
* | Pacific Biosciences of California Inc. | 12,059 | 369 |
* | TCR2 Therapeutics Inc. | 12,975 | 343 |
* | AnaptysBio Inc. | 11,671 | 335 |
* | FibroGen Inc. | 6,626 | 331 |
* | HealthStream Inc. | 14,144 | 330 |
* | Natus Medical Inc. | 12,614 | 327 |
* | Tivity Health Inc. | 12,642 | 301 |
* | Natera Inc. | 2,538 | 295 |
* | Triple-S Management Corp. Class B | 11,315 | 286 |
* | Anika Therapeutics Inc. | 7,722 | 283 |
* | Geron Corp. (XNGS) | 155,109 | 278 |
* | SeaSpine Holdings Corp. | 14,480 | 274 |
* | IVERIC bio Inc. | 44,048 | 270 |
* | Spectrum Pharmaceuticals Inc. | 78,365 | 269 |
* | Chimerix Inc. | 27,175 | 267 |
* | NanoString Technologies Inc. | 3,222 | 225 |
* | Viking Therapeutics Inc. | 33,184 | 224 |
Shares | Market Value ($000) | ||
* | KalVista Pharmaceuticals Inc. | 6,649 | 219 |
* | BioCryst Pharmaceuticals Inc. | 20,226 | 218 |
* | G1 Therapeutics Inc. | 9,763 | 216 |
* | Revance Therapeutics Inc. | 8,123 | 213 |
* | ZIOPHARM Oncology Inc. | 39,141 | 209 |
* | Gritstone Oncology Inc. | 13,725 | 186 |
* | Cymabay Therapeutics Inc. | 38,196 | 183 |
* | Atara Biotherapeutics Inc. | 10,725 | 180 |
* | Epizyme Inc. | 18,208 | 175 |
* | Inogen Inc. | 3,304 | 173 |
* | Gossamer Bio Inc. | 18,283 | 172 |
* | Rubius Therapeutics Inc. | 16,543 | 172 |
* | Apyx Medical Corp. | 16,339 | 171 |
* | Fluidigm Corp. | 37,262 | 171 |
Invacare Corp. | 18,464 | 168 | |
* | ViewRay Inc. | 38,257 | 167 |
* | Turning Point Therapeutics Inc. | 1,385 | 163 |
* | OraSure Technologies Inc. | 15,216 | 161 |
* | Relay Therapeutics Inc. | 3,701 | 153 |
* | XBiotech Inc. | 7,820 | 149 |
* | Vericel Corp. | 2,984 | 144 |
* | Ideaya Biosciences Inc. | 7,145 | 136 |
* | VYNE Therapeutics Inc. | 17,314 | 129 |
* | Verastem Inc. | 54,628 | 128 |
* | Atea Pharmaceuticals Inc. | 1,658 | 125 |
* | Lannett Co. Inc. | 18,467 | 112 |
* | Solid Biosciences Inc. | 13,787 | 110 |
* | Concert Pharmaceuticals Inc. | 16,272 | 109 |
* | IntriCon Corp. | 4,720 | 108 |
* | Jounce Therapeutics Inc. | 9,600 | 105 |
* | CryoLife Inc. | 3,930 | 99 |
* | Albireo Pharma Inc. | 2,822 | 98 |
LeMaitre Vascular Inc. | 1,871 | 96 | |
* | Kezar Life Sciences Inc. | 17,298 | 95 |
* | Passage Bio Inc. | 5,222 | 94 |
* | Harvard Bioscience Inc. | 21,249 | 93 |
* | Nkarta Inc. | 1,884 | 92 |
* | Inari Medical Inc. | 848 | 89 |
* | Xencor Inc. | 1,770 | 87 |
* | ALX Oncology Holdings Inc. | 1,083 | 87 |
* | X4 Pharmaceuticals Inc. | 9,029 | 86 |
* | Cytokinetics Inc. | 4,555 | 85 |
* | Selecta Biosciences Inc. | 20,109 | 85 |
* | Adverum Biotechnologies Inc. | 6,496 | 83 |
* | Evolus Inc. | 6,784 | 82 |
* | UroGen Pharma Ltd. | 4,243 | 81 |
* | Forma Therapeutics Holdings Inc. | 2,067 | 80 |
* | Cabaletta Bio Inc. | 7,254 | 79 |
* | Dynavax Technologies Corp. | 8,957 | 78 |
* | Surgalign Holdings Inc. | 32,067 | 78 |
* | NantKwest Inc. | 2,375 | 77 |
* | Allovir Inc. | 2,115 | 77 |
* | Catalyst Biosciences Inc. | 12,215 | 74 |
* | Pulmonx Corp. | 1,311 | 74 |
* | Enzo Biochem Inc. | 24,913 | 73 |
* | ANI Pharmaceuticals Inc. | 2,508 | 73 |
* | Five Star Senior Living Inc. | 10,583 | 71 |
* | Applied Genetic Technologies Corp. | 13,766 | 70 |
* | GlycoMimetics Inc. | 20,789 | 69 |
* | Applied Molecular Transport Inc. | 1,410 | 69 |
* | FONAR Corp. | 3,514 | 68 |
Shares | Market Value ($000) | ||
* | Aptinyx Inc. Class A | 18,473 | 68 |
* | Misonix Inc. | 3,945 | 66 |
* | Prelude Therapeutics Inc. | 1,067 | 66 |
* | AcelRx Pharmaceuticals Inc. | 34,019 | 64 |
* | Meridian Bioscience Inc. | 3,044 | 64 |
* | Alphatec Holdings Inc. | 3,929 | 63 |
* | Shattuck Labs Inc. | 1,522 | 63 |
* | Avid Bioservices Inc. | 2,992 | 62 |
* | Precigen Inc. | 7,295 | 62 |
* | VBI Vaccines Inc. | 18,078 | 61 |
* | Theravance Biopharma Inc. | 3,631 | 60 |
* | Accolade Inc. | 1,361 | 60 |
* | PMV Pharmaceuticals Inc. | 1,581 | 59 |
* | Outset Medical Inc. | 1,118 | 56 |
* | Praxis Precision Medicines Inc. | 1,281 | 56 |
* | Abeona Therapeutics Inc. | 22,587 | 55 |
* | Orgenesis Inc. | 8,233 | 55 |
* | Kymera Therapeutics Inc. | 1,154 | 55 |
* | iTeos Therapeutics Inc. | 1,290 | 54 |
* | Eargo Inc. | 902 | 53 |
* | C4 Therapeutics Inc. | 1,227 | 53 |
* | Annexon Inc. | 1,785 | 52 |
* | Sutro Biopharma Inc. | 2,309 | 51 |
* | Generation Bio Co. | 1,419 | 50 |
* | Vaxcyte Inc. | 2,084 | 49 |
* | Kronos Bio Inc. | 1,681 | 49 |
*,1 | CEL-SCI Corp. | 2,699 | 48 |
* | Cyclerion Therapeutics Inc. | 12,420 | 48 |
* | Avidity Biosciences Inc. | 1,979 | 48 |
* | Nurix Therapeutics Inc. | 1,325 | 47 |
* | Pandion Therapeutics Inc. | 758 | 46 |
* | Savara Inc. | 26,303 | 45 |
* | Zentalis Pharmaceuticals Inc. | 1,020 | 43 |
* | Assembly Biosciences Inc. | 8,236 | 42 |
* | AVEO Pharmaceuticals Inc. | 4,898 | 40 |
* | Option Care Health Inc. | 2,065 | 40 |
* | Lensar Inc. | 4,365 | 39 |
* | Sientra Inc. | 4,765 | 37 |
Utah Medical Products Inc. | 426 | 36 | |
* | Pliant Therapeutics Inc. | 1,100 | 36 |
* | Akouos Inc. | 1,717 | 35 |
* | Mirum Pharmaceuticals Inc. | 1,806 | 33 |
* | Aligos Therapeutics Inc. | 1,140 | 33 |
*,1 | Vaxart Inc. | 4,473 | 32 |
* | Athira Pharma Inc. | 1,457 | 32 |
* | MEI Pharma Inc. | 8,281 | 31 |
* | TherapeuticsMD Inc. | 19,825 | 30 |
* | Keros Therapeutics Inc. | 465 | 30 |
* | Enochian Biosciences Inc. | 8,072 | 29 |
* | Dyne Therapeutics Inc. | 1,592 | 29 |
* | Harmony Biosciences Holdings Inc. | 726 | 26 |
* | Aeglea BioTherapeutics Inc. | 3,366 | 25 |
* | ORIC Pharmaceuticals Inc. | 763 | 25 |
* | Taysha Gene Therapies Inc. | 961 | 25 |
* | Tarsus Pharmaceuticals Inc. | 677 | 25 |
* | Magenta Therapeutics Inc. | 2,279 | 24 |
* | NGM Biopharmaceuticals Inc. | 898 | 24 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 1,123 | 23 |
* | Acutus Medical Inc. | 1,088 | 23 |
* | Inhibrx Inc. | 904 | 23 |
* | Maravai LifeSciences Holdings Inc. Class A | 718 | 23 |
Shares | Market Value ($000) | ||
* | XOMA Corp. | 608 | 22 |
*,1 | iBio Inc. | 12,690 | 22 |
* | Spero Therapeutics Inc. | 1,152 | 21 |
* | Cortexyme Inc. | 601 | 20 |
* | Immunic Inc. | 1,193 | 19 |
Phibro Animal Health Corp. Class A | 834 | 18 | |
* | Precision BioSciences Inc. | 1,475 | 18 |
* | Aspira Women's Health Inc. | 2,566 | 18 |
* | Atreca Inc. Class A | 1,001 | 17 |
* | Inozyme Pharma Inc. | 859 | 17 |
* | Chinook Therapeutics Inc. | 1,004 | 17 |
* | CorMedix Inc. | 1,102 | 16 |
* | MeiraGTx Holdings plc | 1,097 | 16 |
* | Poseida Therapeutics Inc. | 1,497 | 16 |
* | Spruce Biosciences Inc. | 781 | 16 |
* | Evofem Biosciences Inc. | 3,824 | 15 |
* | Kindred Biosciences Inc. | 3,328 | 15 |
* | Graybug Vision Inc. | 705 | 14 |
* | Sotera Health Co. | 553 | 14 |
* | Foghorn Therapeutics Inc. | 809 | 13 |
* | Ortho Clinical Diagnostics Holdings plc | 776 | 13 |
* | Codiak Biosciences Inc. | 719 | 12 |
* | Marker Therapeutics Inc. | 4,480 | 11 |
* | Milestone Scientific Inc. | 2,930 | 11 |
* | Paratek Pharmaceuticals Inc. | 1,461 | 11 |
* | Oncorus Inc. | 729 | 11 |
* | CASI Pharmaceuticals Inc. | 3,935 | 10 |
* | ADMA Biologics Inc. | 4,494 | 10 |
* | Exicure Inc. | 4,740 | 10 |
* | Checkmate Pharmaceuticals Inc. | 745 | 10 |
* | Dyadic International Inc. | 1,622 | 9 |
* | Soleno Therapeutics Inc. | 3,586 | 9 |
* | Venus Concept Inc. | 3,454 | 9 |
* | Cidara Therapeutics Inc. | 3,817 | 9 |
* | Osmotica Pharmaceuticals plc | 2,246 | 9 |
* | Metacrine Inc. | 1,019 | 9 |
* | Aytu BioScience Inc. | 1,147 | 9 |
* | BioAtla Inc. | 161 | 9 |
* | Signify Health Inc. Class A | 271 | 9 |
* | Chembio Diagnostics Inc. | 1,469 | 8 |
* | Retractable Technologies Inc. | 502 | 8 |
* | Certara Inc. | 243 | 8 |
* | NexImmune Inc. | 301 | 8 |
* | Talis Biomedical Corp. | 465 | 8 |
* | Xeris Pharmaceuticals Inc. | 1,283 | 7 |
* | Agile Therapeutics Inc. | 2,437 | 7 |
* | Catabasis Pharmaceuticals Inc. | 2,322 | 7 |
* | SQZ Biotechnologies Co. | 486 | 7 |
* | NextCure Inc. | 510 | 6 |
* | Hookipa Pharma Inc. | 534 | 6 |
* | Strongbridge Biopharma plc | 1,780 | 6 |
* | Nymox Pharmaceutical Corp. | 2,330 | 6 |
* | Silverback Therapeutics Inc. | 118 | 6 |
* | Rockwell Medical Inc. | 3,479 | 5 |
* | BeyondSpring Inc. | 370 | 5 |
* | 908 Devices Inc. | 88 | 5 |
* | Bolt Biotherapeutics Inc. | 183 | 5 |
* | Cullinan Management Inc. | 102 | 4 |
* | Apria Inc. | 167 | 4 |
* | Angion Biomedica Corp. | 176 | 3 |
* | Sigilon Therapeutics Inc. | 82 | 2 |
Shares | Market Value ($000) | ||
* | Decibel Therapeutics Inc. | 120 | 2 |
* | Landos Biopharma Inc. | 162 | 2 |
* | Lucira Health Inc. | 94 | 2 |
* | Sana Biotechnology Inc. | 81 | 2 |
* | Terns Pharmaceuticals Inc. | 87 | 2 |
*,2 | PDL BioPharma Inc. | 270 | 1 |
* | Bioventus Inc. Class A | 91 | 1 |
* | Aziyo Biologics Inc. Class A | 15 | — |
46,799 | |||
Industrials (16.1%) | |||
* | Chart Industries Inc. | 19,756 | 2,827 |
EMCOR Group Inc. | 27,220 | 2,650 | |
* | MasTec Inc. | 28,901 | 2,507 |
* | Builders FirstSource Inc. | 54,184 | 2,344 |
* | WESCO International Inc. | 26,847 | 2,155 |
KBR Inc. | 68,229 | 2,115 | |
Altra Industrial Motion Corp. | 35,366 | 2,048 | |
Triton International Ltd. | 33,147 | 1,915 | |
EnerSys | 21,168 | 1,911 | |
UniFirst Corp. | 7,808 | 1,892 | |
Hillenbrand Inc. | 40,471 | 1,880 | |
* | Resideo Technologies Inc. | 77,063 | 1,851 |
Korn Ferry | 29,820 | 1,835 | |
GATX Corp. | 19,088 | 1,822 | |
* | Summit Materials Inc. Class A | 62,829 | 1,741 |
Kennametal Inc. | 45,403 | 1,696 | |
Matson Inc. | 23,369 | 1,619 | |
Maxar Technologies Inc. | 33,510 | 1,603 | |
ABM Industries Inc. | 36,733 | 1,586 | |
* | WillScot Mobile Mini Holdings Corp. Class A | 57,128 | 1,584 |
Terex Corp. | 36,894 | 1,519 | |
* | Livent Corp. | 80,445 | 1,498 |
* | SPX FLOW Inc. | 23,262 | 1,432 |
* | Beacon Roofing Supply Inc. | 29,891 | 1,430 |
*,3 | API Group Corp. | 76,711 | 1,419 |
* | Allegheny Technologies Inc. | 69,471 | 1,366 |
Barnes Group Inc. | 25,672 | 1,344 | |
Fluor Corp. | 77,154 | 1,324 | |
Moog Inc. Class A | 16,230 | 1,260 | |
* | Green Dot Corp. Class A | 25,789 | 1,219 |
* | Gibraltar Industries Inc. | 13,826 | 1,208 |
* | Navistar International Corp. | 27,276 | 1,202 |
* | Herc Holdings Inc. | 12,563 | 1,103 |
* | JELD-WEN Holding Inc. | 37,180 | 1,102 |
Applied Industrial Technologies Inc. | 12,765 | 1,090 | |
Belden Inc. | 24,153 | 1,068 | |
Cubic Corp. | 15,261 | 1,060 | |
Mueller Water Products Inc. Class A | 80,796 | 1,041 | |
* | Hub Group Inc. Class A | 17,951 | 1,034 |
Watts Water Technologies Inc. Class A | 8,347 | 952 | |
EnPro Industries Inc. | 11,301 | 908 | |
Deluxe Corp. | 22,791 | 901 | |
Insperity Inc. | 9,881 | 876 | |
* | American Woodmark Corp. | 9,268 | 866 |
Comfort Systems USA Inc. | 13,930 | 863 | |
*,1 | Workhorse Group Inc. | 51,704 | 836 |
* | GMS Inc. | 22,786 | 834 |
Greenbrier Cos. Inc. | 17,732 | 834 | |
Astec Industries Inc. | 12,258 | 833 | |
* | Welbilt Inc. | 51,576 | 824 |
ArcBest Corp. | 13,740 | 811 |
Shares | Market Value ($000) | ||
* | Sykes Enterprises Inc. | 19,764 | 808 |
Granite Construction Inc. | 22,779 | 783 | |
* | TriMas Corp. | 22,450 | 754 |
Encore Wire Corp. | 11,144 | 730 | |
AAR Corp. | 18,250 | 726 | |
AZZ Inc. | 14,179 | 724 | |
* | Atlas Air Worldwide Holdings Inc. | 13,135 | 724 |
Raven Industries Inc. | 17,986 | 705 | |
* | Textainer Group Holdings Ltd. | 27,022 | 704 |
* | CBIZ Inc. | 23,264 | 701 |
Greif Inc. Class A | 14,009 | 677 | |
ManTech International Corp. Class A | 8,525 | 666 | |
Kaman Corp. | 13,606 | 662 | |
Standex International Corp. | 6,707 | 658 | |
* | Cimpress plc | 6,564 | 650 |
Columbus McKinnon Corp. | 12,657 | 637 | |
Helios Technologies Inc. | 9,531 | 623 | |
MTS Systems Corp. | 10,567 | 617 | |
Otter Tail Corp. | 14,749 | 598 | |
Griffon Corp. | 23,852 | 587 | |
* | Huron Consulting Group Inc. | 11,335 | 577 |
* | Vivint Smart Home Inc. | 33,733 | 573 |
HB Fuller Co. | 9,834 | 551 | |
H&E Equipment Services Inc. | 17,482 | 541 | |
* | Great Lakes Dredge & Dock Corp. | 34,557 | 525 |
Forward Air Corp. | 5,736 | 492 | |
* | Conduent Inc. | 89,938 | 484 |
Heartland Express Inc. | 26,491 | 482 | |
Wabash National Corp. | 28,929 | 480 | |
Hyster-Yale Materials Handling Inc. | 5,388 | 461 | |
Enerpac Tool Group Corp. Class A | 18,578 | 459 | |
* | PGT Innovations Inc. | 19,411 | 458 |
Apogee Enterprises Inc. | 12,046 | 451 | |
* | U.S. Concrete Inc. | 8,684 | 447 |
McGrath RentCorp. | 5,741 | 446 | |
* | ASGN Inc. | 4,792 | 446 |
Frontline Ltd. | 64,861 | 439 | |
Quanex Building Products Corp. | 17,932 | 436 | |
* | Aegion Corp. Class A | 16,710 | 432 |
* | SEACOR Holdings Inc. | 10,097 | 429 |
ICF International Inc. | 5,046 | 421 | |
* | SP Plus Corp. | 12,702 | 421 |
* | Donnelley Financial Solutions Inc. | 16,119 | 419 |
Triumph Group Inc. | 28,333 | 413 | |
Scorpio Tankers Inc. | 27,575 | 407 | |
Argan Inc. | 8,067 | 404 | |
* | TrueBlue Inc. | 19,148 | 399 |
* | Echo Global Logistics Inc. | 14,265 | 397 |
* | CIRCOR International Inc. | 10,900 | 388 |
Primoris Services Corp. | 11,469 | 384 | |
SFL Corp. Ltd. | 50,907 | 384 | |
Kelly Services Inc. Class A | 18,280 | 381 | |
Heidrick & Struggles International Inc. | 10,566 | 379 | |
* | Modine Manufacturing Co. | 27,189 | 377 |
* | Thermon Group Holdings Inc. | 18,025 | 368 |
* | Dycom Industries Inc. | 4,696 | 360 |
* | BrightView Holdings Inc. | 22,486 | 358 |
DHT Holdings Inc. | 61,650 | 344 | |
Brady Corp. Class A | 6,530 | 342 | |
* | SPX Corp. | 6,040 | 336 |
* | Lydall Inc. | 9,374 | 327 |
Shares | Market Value ($000) | ||
CAI International Inc. | 7,409 | 326 | |
* | Tutor Perini Corp. | 22,197 | 326 |
* | Ducommun Inc. | 5,909 | 321 |
Insteel Industries Inc. | 10,214 | 315 | |
* | Manitowoc Co. Inc. | 18,450 | 301 |
* | Sterling Construction Co. Inc. | 12,798 | 292 |
* | Ranpak Holdings Corp. Class A | 15,854 | 286 |
Ennis Inc. | 14,091 | 279 | |
Barrett Business Services Inc. | 3,885 | 277 | |
Myers Industries Inc. | 12,316 | 273 | |
Marten Transport Ltd. | 16,769 | 271 | |
Luxfer Holdings plc | 14,163 | 271 | |
* | Meritor Inc. | 8,895 | 270 |
* | DXP Enterprises Inc. | 8,894 | 267 |
Gorman-Rupp Co. | 8,251 | 264 | |
Costamare Inc. | 27,394 | 264 | |
* | Titan Machinery Inc. | 10,376 | 254 |
Pactiv Evergreen Inc. | 17,317 | 242 | |
Miller Industries Inc. | 6,092 | 240 | |
Nordic American Tankers Ltd. | 79,684 | 237 | |
Albany International Corp. Class A | 2,946 | 233 | |
* | Construction Partners Inc. Class A | 8,009 | 232 |
International Seaways Inc. | 13,299 | 231 | |
O-I Glass Inc. | 19,523 | 228 | |
* | Aspen Aerogels Inc. | 10,183 | 227 |
* | Dorian LPG Ltd. | 17,912 | 223 |
* | Vishay Precision Group Inc. | 6,798 | 220 |
Resources Connection Inc. | 16,804 | 214 | |
* | Vectrus Inc. | 3,919 | 214 |
* | Cardtronics plc Class A | 5,336 | 206 |
* | Astronics Corp. | 12,976 | 205 |
* | Cross Country Healthcare Inc. | 17,402 | 193 |
* | MYR Group Inc. | 3,248 | 192 |
VSE Corp. | 4,855 | 187 | |
* | Team Inc. | 16,670 | 185 |
* | Ferro Corp. | 11,609 | 184 |
* | Montrose Environmental Group Inc. | 3,757 | 184 |
* | Acacia Research Corp. | 25,487 | 181 |
* | Northwest Pipe Co. | 5,263 | 179 |
Kronos Worldwide Inc. | 12,230 | 177 | |
* | UFP Technologies Inc. | 3,481 | 172 |
* | Veritiv Corp. | 6,971 | 166 |
Greif Inc. Class B | 3,326 | 165 | |
REV Group Inc. | 13,011 | 162 | |
* | Cornerstone Building Brands Inc. | 14,025 | 160 |
Werner Enterprises Inc. | 3,734 | 160 | |
Alamo Group Inc. | 1,036 | 158 | |
Park-Ohio Holdings Corp. | 4,834 | 156 | |
Caesarstone Ltd. | 12,041 | 152 | |
Powell Industries Inc. | 4,820 | 150 | |
* | Radiant Logistics Inc. | 21,874 | 148 |
Park Aerospace Corp. | 10,612 | 147 | |
U.S. Lime & Minerals Inc. | 1,048 | 147 | |
* | CECO Environmental Corp. | 16,882 | 138 |
Franklin Electric Co. Inc. | 1,764 | 132 | |
* | Blue Bird Corp. | 5,293 | 129 |
* | IES Holdings Inc. | 2,819 | 129 |
LSI Industries Inc. | 13,833 | 125 | |
* | Parsons Corp. | 3,510 | 125 |
* | Diamond S Shipping Inc. | 15,340 | 124 |
Preformed Line Products Co. | 1,611 | 118 |
Shares | Market Value ($000) | ||
* | Covenant Logistics Group Inc. Class A | 6,418 | 117 |
ESCO Technologies Inc. | 1,096 | 116 | |
* | U.S. Xpress Enterprises Inc. Class A | 12,415 | 115 |
Hurco Cos. Inc. | 3,408 | 107 | |
* | Eagle Bulk Shipping Inc. | 3,546 | 104 |
Genco Shipping & Trading Ltd. | 9,613 | 101 | |
Eneti Inc. | 5,057 | 100 | |
* | L B Foster Co. Class A | 5,680 | 96 |
* | GP Strategies Corp. | 7,328 | 96 |
Federal Signal Corp. | 2,593 | 94 | |
* | Concrete Pumping Holdings Inc. | 13,758 | 85 |
* | Bloom Energy Corp. Class A | 2,918 | 83 |
Graham Corp. | 5,421 | 83 | |
* | Overseas Shipholding Group Inc. Class A | 37,175 | 82 |
Quad/Graphics Inc. | 18,653 | 82 | |
* | DHI Group Inc. | 25,649 | 80 |
* | Mistras Group Inc. | 10,081 | 80 |
* | ServiceSource International Inc. | 48,799 | 78 |
* | Willdan Group Inc. | 1,788 | 78 |
* | Safe Bulkers Inc. | 28,233 | 78 |
* | StarTek Inc. | 9,357 | 76 |
BGSF Inc. | 5,211 | 73 | |
* | FARO Technologies Inc. | 754 | 71 |
* | Information Services Group Inc. | 19,617 | 71 |
* | Gencor Industries Inc. | 4,582 | 65 |
Ardmore Shipping Corp. | 16,231 | 64 | |
* | General Finance Corp. | 5,905 | 60 |
CRA International Inc. | 1,064 | 59 | |
* | Nesco Holdings Inc. | 7,071 | 57 |
* | Mayville Engineering Co. Inc. | 4,025 | 56 |
Patrick Industries Inc. | 681 | 54 | |
* | PAM Transportation Services Inc. | 890 | 52 |
* | ExOne Co. | 1,530 | 52 |
* | Willis Lease Finance Corp. | 1,566 | 51 |
* | Lawson Products Inc. | 933 | 49 |
Douglas Dynamics Inc. | 943 | 45 | |
* | NV5 Global Inc. | 434 | 45 |
* | Ibex Ltd. | 1,659 | 37 |
* | Ultralife Corp. | 5,059 | 34 |
Universal Logistics Holdings Inc. | 1,252 | 29 | |
* | Target Hospitality Corp. | 15,650 | 26 |
Allied Motion Technologies Inc. | 457 | 22 | |
* | Pangaea Logistics Solutions Ltd. | 5,590 | 17 |
* | PFSweb Inc. | 2,221 | 16 |
120,760 | |||
Other (0.0%)4 | |||
* | BM Technologies Inc. | 2,170 | 25 |
*,2 | Media General Inc. CVR | 35,434 | 1 |
*,2 | NewStar Financial Inc. CVR | 6,148 | 1 |
*,2 | Aduro Biotech Inc. | 724 | — |
*,2 | Ferroglobe Unit | 19,424 | — |
27 | |||
Real Estate (8.8%) | |||
STAG Industrial Inc. | 75,390 | 2,379 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 38,039 | 2,139 | |
Healthcare Realty Trust Inc. | 73,941 | 2,134 | |
Physicians Realty Trust | 114,141 | 1,940 | |
Sabra Health Care REIT Inc. | 112,345 | 1,935 | |
Agree Realty Corp. | 29,922 | 1,932 | |
PotlatchDeltic Corp. | 35,811 | 1,817 |
Shares | Market Value ($000) | ||
Pebblebrook Hotel Trust | 71,278 | 1,615 | |
Lexington Realty Trust | 149,413 | 1,602 | |
Colony Capital Inc. | 263,122 | 1,558 | |
Sunstone Hotel Investors Inc. | 117,724 | 1,555 | |
RLJ Lodging Trust | 89,728 | 1,409 | |
Innovative Industrial Properties Inc. | 6,960 | 1,357 | |
Essential Properties Realty Trust Inc. | 57,083 | 1,324 | |
Kennedy-Wilson Holdings Inc. | 66,222 | 1,242 | |
Xenia Hotels & Resorts Inc. | 61,982 | 1,238 | |
Retail Properties of America Inc. Class A | 117,403 | 1,236 | |
Piedmont Office Realty Trust Inc. Class A | 68,842 | 1,174 | |
Terreno Realty Corp. | 20,951 | 1,174 | |
Service Properties Trust | 89,649 | 1,151 | |
SITE Centers Corp. | 83,781 | 1,118 | |
DiamondRock Hospitality Co. | 109,336 | 1,106 | |
National Health Investors Inc. | 15,825 | 1,080 | |
1 | Macerich Co. | 82,052 | 1,060 |
Urban Edge Properties | 63,474 | 1,047 | |
Washington REIT | 45,163 | 1,017 | |
CareTrust REIT Inc. | 45,133 | 1,001 | |
Retail Opportunity Investments Corp. | 63,253 | 1,000 | |
* | Realogy Holdings Corp. | 62,724 | 946 |
Global Net Lease Inc. | 49,276 | 916 | |
Columbia Property Trust Inc. | 62,554 | 883 | |
Acadia Realty Trust | 46,231 | 874 | |
Kite Realty Group Trust | 45,330 | 869 | |
American Assets Trust Inc. | 27,486 | 854 | |
Newmark Group Inc. Class A | 79,066 | 792 | |
1 | Tanger Factory Outlet Centers Inc. | 49,401 | 778 |
Industrial Logistics Properties Trust | 35,477 | 755 | |
Independence Realty Trust Inc. | 51,759 | 727 | |
* | Alexander & Baldwin Inc. | 39,258 | 686 |
Mack-Cali Realty Corp. | 47,247 | 660 | |
Office Properties Income Trust | 26,040 | 659 | |
* | Cushman & Wakefield plc | 39,679 | 614 |
Diversified Healthcare Trust | 130,519 | 587 | |
Summit Hotel Properties Inc. | 56,277 | 582 | |
LTC Properties Inc. | 13,225 | 541 | |
Getty Realty Corp. | 19,186 | 537 | |
American Finance Trust Inc. | 59,350 | 526 | |
Centerspace | 7,123 | 489 | |
RPT Realty | 44,428 | 487 | |
CoreCivic Inc. | 65,136 | 468 | |
GEO Group Inc. | 64,257 | 463 | |
St. Joe Co. | 9,174 | 462 | |
* | Marcus & Millichap Inc. | 11,556 | 438 |
NexPoint Residential Trust Inc. | 10,106 | 415 | |
RE/MAX Holdings Inc. Class A | 9,892 | 413 | |
Armada Hoffler Properties Inc. | 31,753 | 410 | |
Colony Credit Real Estate Inc. | 46,388 | 383 | |
Seritage Growth Properties Class A | 18,840 | 380 | |
Chatham Lodging Trust | 25,577 | 356 | |
Safehold Inc. | 4,484 | 342 | |
Global Medical REIT Inc. | 24,062 | 324 | |
Broadstone Net Lease Inc. Class A | 16,814 | 304 | |
Ryman Hospitality Properties Inc. | 3,716 | 287 | |
Franklin Street Properties Corp. | 57,169 | 284 | |
New Senior Investment Group Inc. | 44,985 | 275 | |
Gladstone Commercial Corp. | 14,611 | 273 | |
Urstadt Biddle Properties Inc. Class A | 16,464 | 265 | |
CatchMark Timber Trust Inc. Class A | 24,028 | 245 |
Shares | Market Value ($000) | ||
City Office REIT Inc. | 23,642 | 240 | |
Ares Commercial Real Estate Corp. | 16,776 | 232 | |
Preferred Apartment Communities Inc. Class A | 26,460 | 218 | |
Hersha Hospitality Trust Class A | 18,919 | 210 | |
Whitestone REIT | 22,177 | 207 | |
CorePoint Lodging Inc. | 21,948 | 200 | |
* | Forestar Group Inc. | 9,142 | 195 |
One Liberty Properties Inc. | 8,798 | 188 | |
* | Tejon Ranch Co. | 11,446 | 187 |
* | Rafael Holdings Inc. Class B | 4,944 | 177 |
Farmland Partners Inc. | 13,949 | 167 | |
CTO Realty Growth Inc. | 3,205 | 166 | |
* | FRP Holdings Inc. | 3,523 | 159 |
Retail Value Inc. | 8,845 | 148 | |
EastGroup Properties Inc. | 1,073 | 146 | |
QTS Realty Trust Inc. Class A | 1,940 | 121 | |
NETSTREIT Corp. | 6,492 | 114 | |
Gladstone Land Corp. | 6,229 | 111 | |
Monmouth Real Estate Investment Corp. | 6,182 | 107 | |
Bluerock Residential Growth REIT Inc. Class A | 8,714 | 93 | |
BRT Apartments Corp. | 5,672 | 90 | |
* | PICO Holdings Inc. | 9,198 | 84 |
* | Stratus Properties Inc. | 3,281 | 80 |
UMH Properties Inc. | 4,591 | 78 | |
* | Fathom Holdings Inc. | 1,773 | 77 |
Tiptree Inc. | 13,908 | 70 | |
Alpine Income Property Trust Inc. | 3,768 | 69 | |
CorEnergy Infrastructure Trust Inc. | 7,757 | 58 | |
Universal Health Realty Income Trust | 926 | 57 | |
Indus Realty Trust Inc. | 607 | 37 | |
RMR Group Inc. Class A | 789 | 32 | |
Saul Centers Inc. | 883 | 31 | |
* | Maui Land & Pineapple Co. Inc. | 2,067 | 24 |
Alexander's Inc. | 73 | 20 | |
* | Transcontinental Realty Investors Inc. | 756 | 16 |
Clipper Realty Inc. | 1,160 | 10 | |
* | American Realty Investors Inc. | 706 | 7 |
* | Avalon GloboCare Corp. | 1,908 | 2 |
66,117 | |||
Technology (5.8%) | |||
* | 3D Systems Corp. | 66,209 | 2,373 |
* | Covetrus Inc. | 63,541 | 2,361 |
* | Cerence Inc. | 20,099 | 2,235 |
Vishay Intertechnology Inc. | 72,552 | 1,732 | |
* | Rogers Corp. | 8,433 | 1,530 |
* | Diodes Inc. | 19,353 | 1,520 |
* | Ambarella Inc. | 12,686 | 1,427 |
* | Rambus Inc. | 61,891 | 1,298 |
* | Magnite Inc. | 26,065 | 1,274 |
* | Allscripts Healthcare Solutions Inc. | 81,520 | 1,258 |
* | Sanmina Corp. | 35,090 | 1,250 |
* | Onto Innovation Inc. | 19,576 | 1,223 |
* | Yelp Inc. Class A | 32,032 | 1,208 |
* | Insight Enterprises Inc. | 13,808 | 1,154 |
* | MicroStrategy Inc. Class A | 1,498 | 1,124 |
Xperi Holding Corp. | 53,276 | 1,124 | |
Amkor Technology Inc. | 45,514 | 1,087 | |
* | NetScout Systems Inc. | 38,502 | 1,087 |
* | Verint Systems Inc. | 19,578 | 965 |
* | Cloudera Inc. | 57,367 | 926 |
Cohu Inc. | 21,056 | 915 |
Shares | Market Value ($000) | ||
* | TTM Technologies Inc. | 54,541 | 770 |
* | Unisys Corp. | 30,505 | 749 |
Methode Electronics Inc. | 16,508 | 643 | |
* | MaxLinear Inc. | 15,092 | 600 |
* | Veeco Instruments Inc. | 26,621 | 572 |
Benchmark Electronics Inc. | 19,916 | 566 | |
* | II-VI Inc. | 6,686 | 564 |
* | Super Micro Computer Inc. | 17,244 | 563 |
* | Cognyte Software Ltd. | 19,404 | 560 |
CTS Corp. | 17,305 | 557 | |
* | Groupon Inc. Class A | 12,790 | 555 |
Pitney Bowes Inc. | 58,901 | 499 | |
* | Blucora Inc. | 26,582 | 431 |
* | LiveRamp Holdings Inc. | 6,767 | 427 |
* | Photronics Inc. | 34,447 | 410 |
* | Alpha & Omega Semiconductor Ltd. | 11,390 | 401 |
* | ScanSource Inc. | 13,970 | 397 |
Perspecta Inc. | 12,979 | 379 | |
* | Diebold Nixdorf Inc. | 23,166 | 336 |
* | Kimball Electronics Inc. | 13,261 | 311 |
* | TrueCar Inc. | 56,102 | 304 |
* | Arlo Technologies Inc. | 43,315 | 301 |
* | AXT Inc. | 21,389 | 277 |
PC Connection Inc. | 5,657 | 260 | |
* | Plexus Corp. | 2,915 | 245 |
Computer Programs and Systems Inc. | 7,079 | 223 | |
* | GTY Technologies Holdings Inc. | 23,821 | 175 |
Ebix Inc. | 6,559 | 160 | |
* | Synaptics Inc. | 1,015 | 136 |
* | comScore Inc. | 32,928 | 120 |
VirnetX Holding Corp. | 17,127 | 119 | |
* | ePlus Inc. | 1,214 | 115 |
* | Quantum Corp. | 13,474 | 112 |
Daktronics Inc. | 19,626 | 106 | |
* | Synchronoss Technologies Inc. | 21,343 | 95 |
* | Mediaalpha Inc. Class A | 1,736 | 91 |
* | eGain Corp. | 7,192 | 84 |
* | NeoPhotonics Corp. | 8,351 | 80 |
* | PCTEL Inc. | 9,876 | 75 |
* | SecureWorks Corp. Class A | 4,650 | 67 |
* | GSI Technology Inc. | 9,153 | 67 |
* | Rackspace Technology Inc. | 3,115 | 65 |
* | GAN Ltd. | 2,564 | 65 |
* | Intevac Inc. | 9,976 | 64 |
* | Asure Software Inc. | 7,554 | 59 |
* | Axcelis Technologies Inc. | 1,375 | 51 |
* | Sumo Logic Inc. | 1,606 | 49 |
* | Park City Group Inc. | 5,226 | 32 |
Hackett Group Inc. | 1,787 | 28 | |
* | Immersion Corp. | 2,174 | 22 |
* | PDF Solutions Inc. | 1,221 | 22 |
* | SMART Global Holdings Inc. | 444 | 21 |
* | DSP Group Inc. | 1,188 | 19 |
NVE Corp. | 253 | 18 | |
* | Digimarc Corp. | 469 | 17 |
* | Telos Corp. | 336 | 11 |
* | Pixelworks Inc. | 2,677 | 10 |
McAfee Corp.Class A | 318 | 7 | |
* | PubMatic Inc. Class A | 114 | 7 |
* | Asana Inc. Class A | 160 | 6 |
* | Viant Technology Inc. Class A | 104 | 5 |
Shares | Market Value ($000) | ||
* | ON24 Inc. | 97 | 5 |
Bentley Systems Inc. Class B | 91 | 4 | |
* | Datto Holding Corp. | 190 | 4 |
* | C3.ai Inc. Class A | 36 | 4 |
43,168 | |||
Telecommunications (1.3%) | |||
* | Liberty Latin America Ltd. Class C | 85,920 | 942 |
* | Iridium Communications Inc. | 22,838 | 875 |
* | Vonage Holdings Corp. | 56,039 | 741 |
InterDigital Inc. | 11,549 | 732 | |
* | NETGEAR Inc. | 16,329 | 653 |
Plantronics Inc. | 12,780 | 517 | |
ADTRAN Inc. | 26,332 | 443 | |
* | Infinera Corp. | 44,978 | 442 |
* | Harmonic Inc. | 52,353 | 405 |
* | Digi International Inc. | 15,681 | 366 |
Comtech Telecommunications Corp. | 13,380 | 360 | |
* | Ribbon Communications Inc. | 37,044 | 320 |
ATN International Inc. | 5,783 | 282 | |
* | Cincinnati Bell Inc. | 18,427 | 282 |
* | ORBCOMM Inc. | 35,063 | 268 |
* | Liberty Latin America Ltd. Class A | 23,892 | 262 |
Loral Space & Communications Inc. | 5,412 | 240 | |
* | WideOpenWest Inc. | 14,175 | 199 |
* | Consolidated Communications Holdings Inc. | 36,249 | 191 |
* | KVH Industries Inc. | 9,167 | 125 |
* | Powerfleet Inc. | 15,505 | 122 |
* | DZS Inc. | 6,751 | 112 |
* | Applied Optoelectronics Inc. | 11,699 | 109 |
Spok Holdings Inc. | 9,899 | 106 | |
* | Hemisphere Media Group Inc. Class A | 9,203 | 102 |
Bel Fuse Inc. Class B | 5,596 | 99 | |
Alaska Communications Systems Group Inc. | 29,090 | 95 | |
* | CalAmp Corp. | 6,426 | 72 |
* | IDT Corp. Class B | 3,837 | 69 |
* | SeaChange International Inc. | 16,640 | 20 |
* | Gogo Inc. | 1,529 | 18 |
9,569 | |||
Utilities (4.0%) | |||
1 | Brookfield Renewable Corp. Class A | 58,958 | 2,723 |
PNM Resources Inc. | 43,535 | 2,090 | |
Portland General Electric Co. | 49,217 | 2,075 | |
New Jersey Resources Corp. | 52,244 | 2,053 | |
Black Hills Corp. | 34,401 | 2,035 | |
Spire Inc. | 27,518 | 1,828 | |
ALLETE Inc. | 28,486 | 1,770 | |
* | Southwest Gas Holdings Inc. | 28,173 | 1,757 |
ONE Gas Inc. | 25,358 | 1,698 | |
NorthWestern Corp. | 27,727 | 1,621 | |
Avista Corp. | 37,594 | 1,512 | |
* | Sunnova Energy International Inc. | 25,581 | 1,147 |
Clearway Energy Inc. Class C | 35,424 | 973 | |
MGE Energy Inc. | 14,630 | 932 | |
Northwest Natural Holding Co. | 14,868 | 713 | |
* | Harsco Corp. | 42,735 | 699 |
U.S. Ecology Inc. | 17,159 | 656 | |
1 | Brookfield Infrastructure Corp. Class A | 8,794 | 582 |
South Jersey Industries Inc. | 23,033 | 578 | |
Covanta Holding Corp. | 39,236 | 551 | |
SJW Group | 6,828 | 428 |
Shares | Market Value ($000) | ||
Clearway Energy Inc. Class A | 15,752 | 412 | |
Unitil Corp. | 8,018 | 335 | |
* | Heritage-Crystal Clean Inc. | 8,461 | 222 |
* | Casella Waste Systems Inc. Class A | 3,575 | 207 |
Artesian Resources Corp. Class A | 4,159 | 154 | |
* | Atlantic Power Corp. | 44,485 | 128 |
California Water Service Group | 2,094 | 115 | |
Consolidated Water Co. Ltd. | 8,134 | 105 | |
Chesapeake Utilities Corp. | 575 | 61 | |
* | Cadiz Inc. | 4,879 | 53 |
Advanced Emissions Solutions Inc. | 8,839 | 50 | |
RGC Resources Inc. | 2,138 | 49 | |
Global Water Resources Inc. | 471 | 8 | |
30,320 | |||
Total Common Stocks (Cost $542,967) | 747,427 | ||
Temporary Cash Investments (1.5%) | |||
Money Market Fund (1.5%) | |||
5,6 | Vanguard Market Liquidity Fund, 0.099% (Cost $11,225) | 112,264 | 11,227 |
Total Investments (101.4%) (Cost $554,192) | 758,654 | ||
Other Assets and Liabilities—Net (-1.4%) | (10,706) | ||
Net Assets (100%) | 747,948 | ||
Cost is in $000. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $10,338,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2021, the aggregate value was $1,419,000, representing 0.2% of net assets. |
4 | “Other” represents securities that are not classified by the fund’s benchmark index. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
6 | Collateral of $11,087,000 was received for securities on loan. |
CVR—Contingent Value Rights. | |
REIT—Real Estate Investment Trust. |
Shares | Market Value ($000) | ||
Common Stocks (100.2%) | |||
Basic Materials (2.3%) | |||
* | RBC Bearings Inc. | 27,483 | 5,471 |
Quaker Chemical Corp. | 14,828 | 4,187 | |
Balchem Corp. | 32,977 | 3,936 | |
UFP Industries Inc. | 56,333 | 3,436 | |
* | Ingevity Corp. | 46,374 | 3,222 |
Compass Minerals International Inc. | 38,109 | 2,404 | |
Innospec Inc. | 22,096 | 2,220 | |
* | Novagold Resources Inc. | 247,274 | 2,065 |
Sensient Technologies Corp. | 19,308 | 1,503 | |
* | GCP Applied Technologies Inc. | 42,493 | 1,053 |
Trinseo SA | 13,382 | 866 | |
Tronox Holdings plc Class A | 39,506 | 725 | |
Orion Engineered Carbons SA | 37,054 | 656 | |
Omega Flex Inc. | 3,208 | 553 | |
Materion Corp. | 6,841 | 469 | |
Rexnord Corp. | 10,430 | 469 | |
* | Koppers Holdings Inc. | 13,985 | 467 |
Boise Cascade Co. | 7,567 | 378 | |
Hawkins Inc. | 5,915 | 370 | |
Stepan Co. | 1,947 | 235 | |
* | Marrone Bio Innovations Inc. | 74,846 | 191 |
* | Uranium Energy Corp. | 80,122 | 170 |
* | Amyris Inc. | 10,713 | 148 |
American Vanguard Corp. | 5,955 | 116 | |
PQ Group Holdings Inc. | 7,250 | 111 | |
* | Gatos Silver Inc. | 7,058 | 99 |
Caledonia Mining Corp. plc | 4,034 | 57 | |
* | AgroFresh Solutions Inc. | 2,100 | 5 |
35,582 | |||
Consumer Discretionary (15.2%) | |||
* | Caesars Entertainment Inc. | 117,933 | 11,020 |
* | Deckers Outdoor Corp. | 31,224 | 10,182 |
* | Penn National Gaming Inc. | 87,268 | 10,104 |
Churchill Downs Inc. | 42,404 | 9,780 | |
* | RH | 17,598 | 8,630 |
* | SiteOne Landscape Supply Inc. | 49,000 | 7,767 |
* | Digital Turbine Inc. | 93,966 | 7,759 |
Texas Roadhouse Inc. Class A | 73,287 | 6,660 | |
* | BJ's Wholesale Club Holdings Inc. | 152,799 | 6,139 |
* | YETI Holdings Inc. | 89,241 | 6,137 |
* | Fox Factory Holding Corp. | 46,152 | 5,868 |
* | Crocs Inc. | 74,485 | 5,715 |
Lithia Motors Inc. Class A | 14,184 | 5,304 | |
* | Shake Shack Inc. Class A | 39,149 | 4,638 |
Wingstop Inc. | 33,066 | 4,502 | |
* | Stitch Fix Inc. Class A | 56,920 | 4,344 |
* | Visteon Corp. | 30,928 | 3,933 |
LCI Industries | 27,494 | 3,875 | |
* | Cardlytics Inc. | 29,200 | 3,867 |
* | iRobot Corp. | 30,795 | 3,822 |
* | Hilton Grand Vacations Inc. | 95,043 | 3,755 |
Murphy USA Inc. | 30,118 | 3,754 | |
* | National Vision Holdings Inc. | 74,291 | 3,528 |
* | Sonos Inc. | 90,007 | 3,505 |
* | Stamps.com Inc. | 18,972 | 3,452 |
* | Avis Budget Group Inc. | 58,680 | 3,260 |
* | Dorman Products Inc. | 29,708 | 2,962 |
Papa John's International Inc. | 31,082 | 2,803 |
Shares | Market Value ($000) | ||
Rent-A-Center Inc. | 48,023 | 2,774 | |
* | LGI Homes Inc. | 24,864 | 2,716 |
* | Overstock.com Inc. | 39,025 | 2,621 |
* | Skyline Champion Corp. | 58,613 | 2,594 |
* | Gentherm Inc. | 36,475 | 2,582 |
Strategic Education Inc. | 26,929 | 2,448 | |
Bloomin' Brands Inc. | 97,666 | 2,426 | |
Winnebago Industries Inc. | 34,758 | 2,419 | |
Brinker International Inc. | 33,121 | 2,272 | |
* | Cavco Industries Inc. | 10,226 | 2,157 |
* | Scientific Games Corp. Class A | 45,701 | 2,140 |
* | Glu Mobile Inc. | 163,251 | 2,037 |
* | RealReal Inc. | 70,935 | 1,812 |
* | Boot Barn Holdings Inc. | 29,176 | 1,763 |
Cracker Barrel Old Country Store Inc. | 11,266 | 1,745 | |
* | Malibu Boats Inc. Class A | 22,904 | 1,707 |
Red Rock Resorts Inc. Class A | 55,089 | 1,662 | |
* | Sleep Number Corp. | 11,581 | 1,588 |
Steven Madden Ltd. | 40,433 | 1,496 | |
Inter Parfums Inc. | 19,782 | 1,447 | |
* | Asbury Automotive Group Inc. | 8,472 | 1,436 |
* | elf Beauty Inc. | 50,370 | 1,292 |
* | SeaWorld Entertainment Inc. | 24,914 | 1,237 |
Bally's Corp. | 19,946 | 1,187 | |
Camping World Holdings Inc. Class A | 36,549 | 1,144 | |
Sturm Ruger & Co. Inc. | 16,506 | 1,126 | |
Monro Inc. | 18,063 | 1,120 | |
Marriott Vacations Worldwide Corp. | 5,899 | 1,001 | |
* | Perdoceo Education Corp. | 77,056 | 992 |
* | GoPro Inc. Class A | 121,285 | 912 |
* | XPEL Inc. | 18,546 | 897 |
* | AMC Networks Inc. Class A | 12,825 | 841 |
Ruth's Hospitality Group Inc. | 36,233 | 826 | |
* | Sportsman's Warehouse Holdings Inc. | 47,417 | 803 |
* | Denny's Corp. | 45,373 | 796 |
* | 1-800-Flowers.com Inc. Class A | 27,963 | 791 |
Children's Place Inc. | 11,114 | 770 | |
* | Universal Electronics Inc. | 12,904 | 751 |
* | Quotient Technology Inc. | 54,571 | 732 |
* | America's Car-Mart Inc. | 5,356 | 723 |
Dave & Buster's Entertainment Inc. | 17,792 | 723 | |
* | Liberty Media Corp.- Liberty Braves Class C | 24,325 | 700 |
* | Monarch Casino & Resort Inc. | 10,062 | 681 |
* | Purple Innovation Inc. Class A | 18,453 | 679 |
* | Lovesac Co. | 10,885 | 628 |
* | Accel Entertainment Inc. Class A | 56,032 | 621 |
* | CarParts.com Inc. | 34,933 | 619 |
* | Lindblad Expeditions Holdings Inc. | 28,847 | 601 |
KB Home | 14,397 | 581 | |
* | Central Garden & Pet Co. Class A | 13,580 | 564 |
Meredith Corp. | 22,419 | 556 | |
* | Master Craft Boat Holdings Inc. | 20,693 | 530 |
Gray Television Inc. | 29,114 | 528 | |
* | Akoustis Technologies Inc. | 36,907 | 527 |
*,1 | Corsair Gaming Inc. | 14,257 | 511 |
* | Everi Holdings Inc. | 32,264 | 488 |
PROG Holdings Inc. | 9,587 | 479 | |
Allegiant Travel Co. Class A | 1,753 | 442 | |
* | QuinStreet Inc. | 17,324 | 414 |
* | Taylor Morrison Home Corp. Class A | 14,293 | 393 |
Acushnet Holdings Corp. | 9,085 | 384 |
Shares | Market Value ($000) | ||
* | WW International Inc. | 12,834 | 378 |
Johnson Outdoors Inc. Class A | 2,913 | 352 | |
* | OneWater Marine Inc. Class A | 9,535 | 340 |
* | Daily Journal Corp. | 985 | 337 |
Systemax Inc. | 9,347 | 337 | |
Jack in the Box Inc. | 2,862 | 293 | |
* | Selectquote Inc. | 9,596 | 293 |
Big Lots Inc. | 3,551 | 226 | |
* | Aspen Group Inc. | 24,672 | 219 |
*,1 | Liberty Media Corp.- Liberty Braves Class A | 6,803 | 200 |
* | Universal Technical Institute Inc. | 30,798 | 189 |
* | Meritage Homes Corp. | 2,233 | 188 |
Winmark Corp. | 941 | 166 | |
* | Noodles & Co. Class A | 17,515 | 165 |
* | Golden Entertainment Inc. | 6,909 | 163 |
PriceSmart Inc. | 1,620 | 156 | |
Standard Motor Products Inc. | 3,666 | 154 | |
* | Academy Sports and Outdoors Inc. | 6,421 | 154 |
Interface Inc. Class A | 11,339 | 141 | |
* | Central Garden & Pet Co. | 3,005 | 137 |
Marine Products Corp. | 7,850 | 132 | |
* | Lumber Liquidators Holdings Inc. | 4,436 | 110 |
* | Aaron's Co. Inc. | 4,969 | 109 |
Franchise Group Inc. | 2,773 | 97 | |
Dine Brands Global Inc. | 1,059 | 84 | |
* | PlayAGS Inc. | 7,109 | 58 |
* | Motorcar Parts of America Inc. | 2,686 | 57 |
Superior Group of Cos. Inc. | 1,926 | 46 | |
* | Casper Sleep Inc. | 5,394 | 45 |
Hamilton Beach Brands Holding Co. Class A | 2,495 | 44 | |
* | Envela Corp. | 7,293 | 38 |
Clarus Corp. | 2,126 | 37 | |
* | Petco Health & Wellness Co. Inc. | 1,881 | 37 |
* | Legacy Housing Corp. | 2,298 | 36 |
National Presto Industries Inc. | 338 | 35 | |
* | ContextLogic Inc. Class A | 1,505 | 30 |
Hooker Furniture Corp. | 734 | 25 | |
* | Driven Brands Holdings Inc. | 811 | 23 |
* | LiveXLive Media Inc. | 5,422 | 22 |
* | El Pollo Loco Holdings Inc. | 1,114 | 20 |
* | Dream Finders Homes Inc. Class A | 320 | 8 |
* | Motorsport Games Inc. Class A | 286 | 8 |
* | Poshmark Inc. Class A | 72 | 4 |
236,190 | |||
Consumer Staples (3.1%) | |||
* | Freshpet Inc. | 45,465 | 7,087 |
* | Helen of Troy Ltd. | 28,223 | 6,119 |
WD-40 Co. | 14,260 | 4,446 | |
Lancaster Colony Corp. | 21,179 | 3,699 | |
Medifast Inc. | 12,607 | 3,189 | |
Sanderson Farms Inc. | 17,457 | 2,662 | |
* | Celsius Holdings Inc. | 39,674 | 2,362 |
1 | B&G Foods Inc. | 62,530 | 1,897 |
* | GrowGeneration Corp. | 41,091 | 1,875 |
Core-Mark Holding Co. Inc. | 46,384 | 1,511 | |
Calavo Growers Inc. | 18,346 | 1,381 | |
Coca-Cola Consolidated Inc. | 5,246 | 1,346 | |
1 | National Beverage Corp. | 26,454 | 1,261 |
* | USANA Health Sciences Inc. | 12,919 | 1,254 |
* | Hostess Brands Inc. Class A | 62,916 | 905 |
John B Sanfilippo & Son Inc. | 9,664 | 836 |
Shares | Market Value ($000) | ||
*,1 | Veru Inc. | 59,017 | 816 |
PetMed Express Inc. | 21,880 | 759 | |
J & J Snack Foods Corp. | 4,467 | 709 | |
MGP Ingredients Inc. | 10,690 | 683 | |
Turning Point Brands Inc. | 13,294 | 654 | |
* | Cal-Maine Foods Inc. | 13,950 | 532 |
Tootsie Roll Industries Inc. | 14,742 | 454 | |
Vector Group Ltd. | 18,512 | 253 | |
* | Lifevantage Corp. | 15,649 | 137 |
* | Vital Farms Inc. | 4,869 | 132 |
*,1 | NewAge Inc. | 48,037 | 126 |
* | Calyxt Inc. | 11,177 | 107 |
* | Mission Produce Inc. | 4,572 | 96 |
Natural Grocers by Vitamin Cottage Inc. | 6,634 | 93 | |
*,1 | Laird Superfood Inc. | 1,945 | 77 |
Limoneira Co. | 3,858 | 59 | |
* | Greenlane Holdings Inc. Class A | 10,994 | 59 |
* | Hydrofarm Holdings Group Inc. | 368 | 23 |
* | Bridgford Foods Corp. | 857 | 13 |
47,612 | |||
Energy (2.2%) | |||
* | Plug Power Inc. | 443,850 | 21,474 |
*,1 | FuelCell Energy Inc. | 213,301 | 3,613 |
*,1 | SunPower Corp. | 59,289 | 2,062 |
* | TPI Composites Inc. | 34,300 | 1,635 |
* | Ameresco Inc. Class A | 27,540 | 1,573 |
* | Magnolia Oil & Gas Corp. Class A | 126,474 | 1,525 |
Cactus Inc. Class A | 24,614 | 784 | |
DMC Global Inc. | 7,554 | 476 | |
*,1 | Maxeon Solar Technologies Ltd. | 7,515 | 253 |
* | Shoals Technologies Group Inc. Class A | 4,341 | 142 |
* | Contango Oil & Gas Co. | 21,951 | 107 |
* | Goodrich Petroleum Corp. | 5,544 | 54 |
* | Array Technologies Inc. | 1,302 | 48 |
* | NextDecade Corp. | 3,173 | 6 |
33,752 | |||
Financials (3.9%) | |||
First Financial Bankshares Inc. | 143,952 | 6,429 | |
Kinsale Capital Group Inc. | 23,601 | 4,155 | |
RLI Corp. | 38,587 | 4,026 | |
Houlihan Lokey Inc. Class A | 57,753 | 3,671 | |
* | eXp World Holdings Inc. | 55,511 | 3,352 |
* | Trupanion Inc. | 33,650 | 3,256 |
Hamilton Lane Inc. Class A | 35,805 | 3,201 | |
Moelis & Co. Class A | 58,959 | 3,045 | |
FirstCash Inc. | 45,397 | 2,874 | |
ServisFirst Bancshares Inc. | 40,236 | 1,994 | |
* | Focus Financial Partners Inc. Class A | 42,037 | 1,976 |
* | Palomar Holdings Inc. | 22,573 | 1,922 |
PJT Partners Inc. Class A | 25,956 | 1,810 | |
Cohen & Steers Inc. | 27,289 | 1,757 | |
* | eHealth Inc. | 28,763 | 1,709 |
James River Group Holdings Ltd. | 29,115 | 1,337 | |
* | BRP Group Inc. Class A | 47,250 | 1,253 |
Brightsphere Investment Group Inc. | 68,347 | 1,237 | |
Artisan Partners Asset Management Inc. Class A | 25,429 | 1,208 | |
Investors Bancorp Inc. | 72,258 | 964 | |
Federated Hermes Inc. | 30,971 | 828 | |
Glacier Bancorp Inc. | 11,075 | 600 | |
Eastern Bankshares Inc. | 31,633 | 557 |
Shares | Market Value ($000) | ||
* | International Money Express Inc. | 31,832 | 469 |
Bank First Corp. | 6,535 | 457 | |
* | StepStone Group Inc. Class A | 9,864 | 355 |
Cowen Inc. Class A | 10,074 | 341 | |
PennyMac Financial Services Inc. | 5,689 | 337 | |
National Bank Holdings Corp. Class A | 7,985 | 309 | |
Curo Group Holdings Corp. | 20,226 | 293 | |
Walker & Dunlop Inc. | 2,791 | 278 | |
Kearny Financial Corp. | 24,448 | 277 | |
* | Axos Financial Inc. | 5,324 | 246 |
Goosehead Insurance Inc. Class A | 1,881 | 244 | |
* | Columbia Financial Inc. | 14,856 | 243 |
Greenhill & Co. Inc. | 16,084 | 243 | |
First Foundation Inc. | 10,453 | 239 | |
Westamerica BanCorp. | 3,843 | 231 | |
Independent Bank Corp. (XNGS) | 2,536 | 217 | |
Virtus Investment Partners Inc. | 790 | 198 | |
Federal Agricultural Mortgage Corp. Class C | 2,270 | 196 | |
* | Assetmark Financial Holdings Inc. | 7,882 | 186 |
Pzena Investment Management Inc. Class A | 18,564 | 171 | |
Stock Yards Bancorp Inc. | 3,384 | 167 | |
Universal Insurance Holdings Inc. | 7,997 | 119 | |
* | NMI Holdings Inc. Class A | 5,153 | 118 |
Cambridge Bancorp | 1,502 | 114 | |
Lakeland Financial Corp. | 1,619 | 112 | |
GAMCO Investors Inc. Class A | 5,039 | 96 | |
HCI Group Inc. | 1,418 | 82 | |
* | StoneX Group Inc. | 1,382 | 80 |
Silvercrest Asset Management Group Inc. Class A | 5,322 | 75 | |
* | Customers Bancorp Inc. | 2,416 | 65 |
* | BayCom Corp. | 3,644 | 62 |
West BanCorp. Inc | 2,593 | 59 | |
* | Siebert Financial Corp. | 12,290 | 57 |
Hanmi Financial Corp. | 3,243 | 55 | |
* | Esquire Financial Holdings Inc. | 2,066 | 46 |
* | Upstart Holdings Inc. | 624 | 41 |
Altabancorp | 1,102 | 38 | |
* | Trean Insurance Group Inc. | 1,964 | 33 |
Waterstone Financial Inc. | 1,636 | 32 | |
Value Line Inc. | 1,029 | 30 | |
Investors Title Co. | 191 | 29 | |
Century Bancorp Inc. Class A | 275 | 25 | |
* | GWG Holdings Inc. | 3,322 | 23 |
Meridian Corp. | 949 | 23 | |
* | Coastal Financial Corp. | 779 | 22 |
FS Bancorp Inc. | 339 | 21 | |
Heritage Insurance Holdings Inc. | 2,152 | 21 | |
Bank7 Corp. | 1,216 | 20 | |
Reliant Bancorp Inc. | 867 | 19 | |
Crawford & Co. Class A | 1,728 | 16 | |
Hingham Institution for Savings | 59 | 14 | |
Unity Bancorp Inc. | 670 | 13 | |
Luther Burbank Corp. | 985 | 10 | |
Northeast Bank | 370 | 10 | |
Greene County Bancorp Inc. | 315 | 7 | |
60,445 | |||
Health Care (32.9%) | |||
* | Ultragenyx Pharmaceutical Inc. | 69,826 | 9,883 |
* | Mirati Therapeutics Inc. | 47,731 | 9,590 |
* | Natera Inc. | 79,248 | 9,200 |
* | Arrowhead Pharmaceuticals Inc. | 111,987 | 8,921 |
Shares | Market Value ($000) | ||
* | Fate Therapeutics Inc. | 83,987 | 7,535 |
* | HealthEquity Inc. | 89,547 | 7,374 |
*,1 | Bridgebio Pharma Inc. | 103,824 | 7,338 |
* | Inspire Medical Systems Inc. | 29,203 | 6,798 |
* | Halozyme Therapeutics Inc. | 148,355 | 6,713 |
* | Nevro Corp. | 37,931 | 6,265 |
* | LHC Group Inc. | 33,867 | 6,154 |
* | Blueprint Medicines Corp. | 61,742 | 6,064 |
* | Omnicell Inc. | 47,383 | 6,013 |
* | NeoGenomics Inc. | 116,948 | 5,961 |
* | STAAR Surgical Co. | 51,114 | 5,316 |
* | Pacific Biosciences of California Inc. | 172,821 | 5,283 |
* | iRhythm Technologies Inc. | 32,236 | 5,187 |
* | Invitae Corp. | 128,782 | 5,168 |
* | Denali Therapeutics Inc. | 70,162 | 5,038 |
* | Twist Bioscience Corp. | 36,501 | 5,024 |
* | Medpace Holdings Inc. | 30,798 | 5,002 |
* | Emergent BioSolutions Inc. | 50,348 | 4,833 |
* | Neogen Corp. | 58,857 | 4,822 |
* | TG Therapeutics Inc. | 109,844 | 4,808 |
Ensign Group Inc. | 57,676 | 4,731 | |
* | Kodiak Sciences Inc. | 35,949 | 4,638 |
* | Turning Point Therapeutics Inc. | 38,868 | 4,583 |
* | Biohaven Pharmaceutical Holding Co. Ltd. | 53,673 | 4,561 |
* | Glaukos Corp. | 47,642 | 4,505 |
* | Novavax Inc. | 18,567 | 4,293 |
* | CareDx Inc. | 53,422 | 4,225 |
* | Veracyte Inc. | 72,175 | 4,190 |
* | 1Life Healthcare Inc. | 87,723 | 4,168 |
* | Insmed Inc. | 112,954 | 4,040 |
* | FibroGen Inc. | 80,666 | 4,036 |
*,1 | Beam Therapeutics Inc. | 44,519 | 3,968 |
* | PTC Therapeutics Inc. | 68,968 | 3,938 |
* | Select Medical Holdings Corp. | 121,203 | 3,836 |
* | ChemoCentryx Inc. | 55,345 | 3,755 |
* | Vir Biotechnology Inc. | 59,775 | 3,744 |
CONMED Corp. | 30,285 | 3,727 | |
* | Shockwave Medical Inc. | 31,740 | 3,706 |
* | HMS Holdings Corp. | 98,305 | 3,616 |
* | Allakos Inc. | 29,256 | 3,545 |
* | Amicus Therapeutics Inc. | 286,921 | 3,523 |
* | Pacira BioSciences Inc. | 47,498 | 3,491 |
* | NuVasive Inc. | 57,313 | 3,458 |
* | Intellia Therapeutics Inc. | 55,921 | 3,381 |
* | Merit Medical Systems Inc. | 60,448 | 3,368 |
* | R1 RCM Inc. | 121,095 | 3,347 |
* | Apellis Pharmaceuticals Inc. | 66,890 | 3,222 |
* | AtriCure Inc. | 48,787 | 3,184 |
Cantel Medical Corp. | 42,380 | 3,148 | |
* | Editas Medicine Inc. Class A | 70,080 | 3,074 |
* | Arvinas Inc. | 38,565 | 3,020 |
* | Livanova plc | 38,482 | 2,984 |
* | NanoString Technologies Inc. | 42,745 | 2,983 |
* | Xencor Inc. | 58,324 | 2,874 |
* | Corcept Therapeutics Inc. | 108,740 | 2,735 |
*,1 | Sorrento Therapeutics Inc. | 279,264 | 2,700 |
* | Ligand Pharmaceuticals Inc. | 16,120 | 2,389 |
Healthcare Services Group Inc. | 83,354 | 2,371 | |
* | SpringWorks Therapeutics Inc. | 26,852 | 2,311 |
* | Phreesia Inc. | 37,063 | 2,270 |
* | Karuna Therapeutics Inc. | 17,626 | 2,203 |
Shares | Market Value ($000) | ||
* | Vericel Corp. | 44,756 | 2,161 |
* | Rocket Pharmaceuticals Inc. | 38,019 | 2,113 |
* | Allogene Therapeutics Inc. | 60,159 | 2,088 |
* | Axsome Therapeutics Inc. | 30,916 | 2,082 |
* | Inovalon Holdings Inc. Class A | 83,335 | 2,047 |
* | Integer Holdings Corp. | 23,054 | 2,033 |
* | Dicerna Pharmaceuticals Inc. | 73,609 | 1,986 |
* | REVOLUTION Medicines Inc. | 42,949 | 1,962 |
*,1 | Inovio Pharmaceuticals Inc. | 176,504 | 1,959 |
* | Kura Oncology Inc. | 68,646 | 1,922 |
* | Deciphera Pharmaceuticals Inc. | 42,540 | 1,862 |
* | Health Catalyst Inc. | 37,531 | 1,820 |
* | Cardiovascular Systems Inc. | 43,836 | 1,810 |
* | Addus HomeCare Corp. | 16,568 | 1,782 |
* | Quanterix Corp. | 23,477 | 1,778 |
* | Translate Bio Inc. | 75,795 | 1,769 |
* | Heron Therapeutics Inc. | 97,779 | 1,768 |
* | ModivCare Inc. | 13,499 | 1,731 |
* | Axonics Modulation Technologies Inc. | 33,763 | 1,699 |
* | Travere Thrapeutics Inc. | 54,460 | 1,678 |
* | BioCryst Pharmaceuticals Inc. | 155,075 | 1,672 |
* | Silk Road Medical Inc. | 30,467 | 1,669 |
U.S. Physical Therapy Inc. | 14,152 | 1,659 | |
* | Arcus Biosciences Inc. | 46,952 | 1,656 |
* | Ironwood Pharmaceuticals Inc. Class A | 178,054 | 1,643 |
* | REGENXBIO Inc. | 38,148 | 1,561 |
Luminex Corp. | 47,984 | 1,560 | |
* | Scholar Rock Holding Corp. | 28,462 | 1,540 |
* | Fulgent Genetics Inc. | 15,077 | 1,527 |
* | GenMark Diagnostics Inc. | 77,511 | 1,515 |
* | Pennant Group Inc. | 28,397 | 1,499 |
* | Sangamo Therapeutics Inc. | 128,519 | 1,477 |
* | MannKind Corp. | 249,730 | 1,426 |
* | Revance Therapeutics Inc. | 53,790 | 1,413 |
* | Ocular Therapeutix Inc. | 76,322 | 1,400 |
* | Lantheus Holdings Inc. | 73,927 | 1,381 |
* | Frequency Therapeutics Inc. | 27,960 | 1,376 |
* | Codexis Inc. | 59,688 | 1,320 |
*,1 | Omeros Corp. | 65,787 | 1,312 |
* | Zogenix Inc. | 61,881 | 1,312 |
* | Arcturus Therapeutics Holdings Inc. | 24,495 | 1,290 |
* | Viela Bio Inc. | 24,082 | 1,281 |
* | Zentalis Pharmaceuticals Inc. | 29,876 | 1,256 |
* | Progyny Inc. | 29,787 | 1,254 |
* | Cytokinetics Inc. | 64,867 | 1,215 |
* | Y-mAbs Therapeutics Inc. | 33,963 | 1,194 |
* | Krystal Biotech Inc. | 15,056 | 1,188 |
* | Option Care Health Inc. | 61,868 | 1,187 |
* | Madrigal Pharmaceuticals Inc. | 9,721 | 1,178 |
* | Relay Therapeutics Inc. | 28,411 | 1,172 |
* | Seres Therapeutics Inc. | 61,480 | 1,171 |
* | Avid Bioservices Inc. | 56,872 | 1,170 |
* | Cerus Corp. | 182,764 | 1,122 |
* | Adverum Biotechnologies Inc. | 85,723 | 1,100 |
* | Magellan Health Inc. | 11,700 | 1,092 |
* | Karyopharm Therapeutics Inc. | 78,057 | 1,079 |
* | Mersana Therapeutics Inc. | 59,269 | 1,077 |
* | Coherus Biosciences Inc. | 65,647 | 1,066 |
* | Atara Biotherapeutics Inc. | 62,450 | 1,048 |
* | Tactile Systems Technology Inc. | 20,385 | 1,036 |
* | Castle Biosciences Inc. | 13,286 | 1,011 |
Shares | Market Value ($000) | ||
* | SI-BONE Inc. | 32,142 | 1,009 |
* | TransMedics Group Inc. | 27,903 | 1,001 |
* | Intra-Cellular Therapies Inc. | 28,161 | 998 |
* | Surgery Partners Inc. | 25,207 | 995 |
* | CorVel Corp. | 9,760 | 991 |
Atrion Corp. | 1,578 | 986 | |
*,1 | NantKwest Inc. | 30,043 | 977 |
* | Rhythm Pharmaceuticals Inc. | 37,432 | 970 |
* | Tabula Rasa HealthCare Inc. | 23,667 | 960 |
* | Atea Pharmaceuticals Inc. | 12,738 | 960 |
* | Athenex Inc. | 78,876 | 954 |
* | Radius Health Inc. | 50,912 | 947 |
* | Alector Inc. | 51,328 | 933 |
* | Replimune Group Inc. | 26,467 | 917 |
* | Axogen Inc. | 40,729 | 900 |
* | Collegium Pharmaceutical Inc. | 38,055 | 898 |
* | RadNet Inc. | 48,439 | 893 |
* | Keros Therapeutics Inc. | 13,537 | 886 |
* | Kadmon Holdings Inc. | 191,658 | 880 |
* | OptimizeRx Corp. | 16,523 | 879 |
* | Dynavax Technologies Corp. | 100,207 | 877 |
* | CryoLife Inc. | 34,269 | 865 |
* | Endo International plc | 109,026 | 865 |
* | Meridian Bioscience Inc. | 40,958 | 863 |
* | Constellation Pharmaceuticals Inc. | 34,180 | 861 |
* | ZIOPHARM Oncology Inc. | 161,015 | 858 |
* | AdaptHealth Corp. Class A | 27,836 | 856 |
* | Alphatec Holdings Inc. | 53,115 | 852 |
* | Cara Therapeutics Inc. | 45,571 | 836 |
* | Stoke Therapeutics Inc. | 13,844 | 829 |
* | Protagonist Therapeutics Inc. | 35,144 | 828 |
* | Intersect ENT Inc. | 36,117 | 824 |
* | PetIQ Inc. Class A | 23,879 | 823 |
* | Prestige Consumer Healthcare Inc. | 19,703 | 822 |
* | Personalis Inc. | 26,641 | 821 |
* | Innoviva Inc. | 70,358 | 804 |
* | OrthoPediatrics Corp. | 14,677 | 799 |
*,1 | Esperion Therapeutics Inc. | 28,787 | 788 |
* | Rigel Pharmaceuticals Inc. | 189,988 | 788 |
* | Arcutis Biotherapeutics Inc. | 23,052 | 788 |
* | Antares Pharma Inc. | 183,955 | 782 |
* | ImmunoGen Inc. | 88,414 | 774 |
National Research Corp. | 14,971 | 774 | |
*,1 | Anavex Life Sciences Corp. | 59,372 | 773 |
* | Surmodics Inc. | 14,786 | 771 |
* | Bioxcel Therapeutics Inc. | 14,228 | 763 |
LeMaitre Vascular Inc. | 14,825 | 762 | |
* | Aerie Pharmaceuticals Inc. | 40,988 | 754 |
* | ORIC Pharmaceuticals Inc. | 23,053 | 747 |
* | Theravance Biopharma Inc. | 44,843 | 743 |
* | Syndax Pharmaceuticals Inc. | 29,864 | 729 |
* | Inari Medical Inc. | 6,862 | 718 |
* | Inogen Inc. | 13,666 | 717 |
* | Amphastar Pharmaceuticals Inc. | 40,430 | 709 |
* | Nkarta Inc. | 14,303 | 697 |
* | Agenus Inc. | 173,972 | 696 |
* | IGM Biosciences Inc. | 7,867 | 688 |
* | ALX Oncology Holdings Inc. | 8,571 | 688 |
* | Cutera Inc. | 19,296 | 682 |
* | Provention Bio Inc. | 52,976 | 674 |
* | NGM Biopharmaceuticals Inc. | 24,617 | 658 |
Shares | Market Value ($000) | ||
* | Immunovant Inc. | 41,621 | 657 |
* | ChromaDex Corp. | 46,206 | 644 |
*,1 | Cassava Sciences Inc. | 12,919 | 628 |
* | Intercept Pharmaceuticals Inc. | 28,854 | 625 |
* | BioLife Solutions Inc. | 15,608 | 612 |
* | Dermtech Inc. | 9,114 | 608 |
* | Epizyme Inc. | 62,378 | 598 |
* | Amneal Pharmaceuticals Inc. | 109,815 | 592 |
* | Sutro Biopharma Inc. | 26,606 | 591 |
* | Tenet Healthcare Corp. | 11,558 | 590 |
* | Precision BioSciences Inc. | 49,208 | 589 |
* | Joint Corp. | 14,715 | 586 |
* | Forma Therapeutics Holdings Inc. | 15,124 | 584 |
* | Pulmonx Corp. | 10,233 | 582 |
* | Allovir Inc. | 15,879 | 581 |
*,1 | Aspira Women's Health Inc. | 83,504 | 579 |
*,1 | CEL-SCI Corp. | 32,215 | 572 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 27,471 | 565 |
* | Black Diamond Therapeutics Inc. | 20,027 | 561 |
* | Morphic Holding Inc. | 15,521 | 561 |
* | Akebia Therapeutics Inc. | 160,859 | 557 |
* | Apollo Medical Holdings Inc. | 22,495 | 557 |
* | Cortexyme Inc. | 16,250 | 554 |
*,1 | VBI Vaccines Inc. | 163,811 | 552 |
*,1 | Clovis Oncology Inc. | 91,948 | 551 |
* | MacroGenics Inc. | 21,874 | 547 |
* | Relmada Therapeutics Inc. | 16,395 | 547 |
* | Flexion Therapeutics Inc. | 49,105 | 541 |
* | Tivity Health Inc. | 22,565 | 537 |
* | Affimed NV | 94,797 | 537 |
* | Applied Molecular Transport Inc. | 10,993 | 537 |
* | Ardelyx Inc. | 82,772 | 534 |
* | Phathom Pharmaceuticals Inc. | 12,033 | 530 |
* | Vapotherm Inc. | 21,769 | 529 |
* | Accolade Inc. | 11,917 | 528 |
* | Heska Corp. | 2,766 | 521 |
*,1 | Ontrak Inc. | 8,848 | 521 |
* | Atreca Inc. Class A | 29,691 | 515 |
* | Eagle Pharmaceuticals Inc. | 11,550 | 514 |
* | Durect Corp. | 229,662 | 510 |
* | OraSure Technologies Inc. | 47,739 | 506 |
* | Prelude Therapeutics Inc. | 8,031 | 501 |
* | CorMedix Inc. | 33,125 | 497 |
* | Precigen Inc. | 58,534 | 494 |
* | Accuray Inc. | 98,972 | 493 |
* | Shattuck Labs Inc. | 11,480 | 474 |
* | Crinetics Pharmaceuticals Inc. | 30,237 | 462 |
* | Akero Therapeutics Inc. | 15,171 | 461 |
Phibro Animal Health Corp. Class A | 21,263 | 459 | |
* | Albireo Pharma Inc. | 13,097 | 457 |
* | PMV Pharmaceuticals Inc. | 11,981 | 451 |
* | Pulse Biosciences Inc. | 15,355 | 449 |
* | Cue Biopharma Inc. | 32,669 | 445 |
* | Outset Medical Inc. | 8,788 | 438 |
* | Neoleukin Therapeutics Inc. | 36,043 | 434 |
* | CytoSorbents Corp. | 45,412 | 428 |
* | Arena Pharmaceuticals Inc. | 5,319 | 427 |
* | Kymera Therapeutics Inc. | 8,824 | 423 |
* | BioDelivery Sciences International Inc. | 100,387 | 422 |
* | Catalyst Pharmaceuticals Inc. | 108,404 | 422 |
* | iCAD Inc. | 22,775 | 421 |
Shares | Market Value ($000) | ||
* | Praxis Precision Medicines Inc. | 9,649 | 420 |
* | Marinus Pharmaceuticals Inc. | 27,538 | 416 |
* | Eargo Inc. | 7,065 | 413 |
*,1 | Co-Diagnostics Inc. | 29,862 | 411 |
* | Homology Medicines Inc. | 38,102 | 409 |
* | Organogenesis Holdings Inc. Class A | 26,664 | 406 |
* | iTeos Therapeutics Inc. | 9,762 | 406 |
* | Annexon Inc. | 13,893 | 404 |
* | Pandion Therapeutics Inc. | 6,693 | 403 |
* | CytomX Therapeutics Inc. | 51,078 | 401 |
* | C4 Therapeutics Inc. | 9,337 | 401 |
* | MEI Pharma Inc. | 105,544 | 396 |
* | Athersys Inc. | 191,314 | 390 |
* | G1 Therapeutics Inc. | 17,537 | 388 |
* | Avrobio Inc. | 35,132 | 386 |
* | Syros Pharmaceuticals Inc. | 45,910 | 386 |
* | Generation Bio Co. | 10,968 | 383 |
* | Vaxcyte Inc. | 16,183 | 381 |
* | Viemed Healthcare Inc. | 39,494 | 372 |
* | Kronos Bio Inc. | 12,808 | 372 |
* | SIGA Technologies Inc. | 58,615 | 370 |
* | TherapeuticsMD Inc. | 243,666 | 370 |
* | Spero Therapeutics Inc. | 20,276 | 368 |
* | Odonate Therapeutics Inc. | 17,428 | 367 |
* | Nurix Therapeutics Inc. | 10,161 | 362 |
* | Quotient Ltd. | 80,635 | 362 |
* | Avidity Biosciences Inc. | 14,873 | 359 |
*,1 | Accelerate Diagnostics Inc. | 35,281 | 353 |
*,1 | Vaxart Inc. | 49,433 | 353 |
* | Stereotaxis Inc. | 50,237 | 352 |
* | Oncocyte Corp. | 71,183 | 350 |
* | Eiger BioPharmaceuticals Inc. | 34,028 | 346 |
* | Paratek Pharmaceuticals Inc. | 46,159 | 345 |
* | Puma Biotechnology Inc. | 34,612 | 345 |
* | WaVe Life Sciences Ltd. | 36,401 | 343 |
* | Lexicon Pharmaceuticals Inc. | 46,545 | 335 |
* | Applied Therapeutics Inc. | 15,417 | 335 |
*,1 | Kala Pharmaceuticals Inc. | 44,763 | 332 |
* | Molecular Templates Inc. | 29,965 | 327 |
* | Sientra Inc. | 42,020 | 327 |
* | Supernus Pharmaceuticals Inc. | 12,009 | 323 |
* | Aeglea BioTherapeutics Inc. | 42,592 | 317 |
* | Evofem Biosciences Inc. | 81,021 | 314 |
* | MeiraGTx Holdings plc | 21,137 | 314 |
* | Pliant Therapeutics Inc. | 9,311 | 308 |
* | Natus Medical Inc. | 11,853 | 307 |
* | Passage Bio Inc. | 17,041 | 307 |
*,1 | iBio Inc. | 174,322 | 307 |
* | Zynex Inc. | 20,575 | 299 |
* | InfuSystem Holdings Inc. | 16,400 | 280 |
* | Evolent Health Inc. Class A | 13,849 | 279 |
* | Evelo Biosciences Inc. | 22,617 | 275 |
* | Fortress Biotech Inc. | 73,250 | 272 |
* | UNITY Biotechnology Inc. | 39,527 | 269 |
* | MediciNova Inc. | 47,806 | 267 |
* | Akouos Inc. | 12,968 | 264 |
*,1 | Xeris Pharmaceuticals Inc. | 48,333 | 263 |
Utah Medical Products Inc. | 3,042 | 257 | |
*,1 | UroGen Pharma Ltd. | 13,394 | 255 |
* | Aligos Therapeutics Inc. | 8,814 | 253 |
* | Gossamer Bio Inc. | 26,810 | 252 |
Shares | Market Value ($000) | ||
* | Athira Pharma Inc. | 11,229 | 248 |
* | Harpoon Therapeutics Inc. | 11,973 | 231 |
* | Dyne Therapeutics Inc. | 12,425 | 229 |
* | 89bio Inc. | 9,267 | 228 |
* | Rapt Therapeutics Inc. | 12,399 | 225 |
*,1 | Retractable Technologies Inc. | 14,188 | 223 |
* | Chiasma Inc. | 56,729 | 221 |
* | Calithera Biosciences Inc. | 74,418 | 217 |
* | Chinook Therapeutics Inc. | 13,058 | 216 |
*,1 | XOMA Corp. | 5,680 | 206 |
* | Agile Therapeutics Inc. | 71,636 | 206 |
* | Magenta Therapeutics Inc. | 19,366 | 204 |
* | ViewRay Inc. | 46,803 | 204 |
* | Fulcrum Therapeutics Inc. | 16,205 | 204 |
* | BeyondSpring Inc. | 15,471 | 201 |
* | Mustang Bio Inc. | 55,792 | 197 |
* | Harrow Health Inc. | 25,368 | 195 |
* | Tarsus Pharmaceuticals Inc. | 5,381 | 195 |
*,1 | Taysha Gene Therapies Inc. | 7,588 | 194 |
* | NextCure Inc. | 16,961 | 193 |
* | Harmony Biosciences Holdings Inc. | 5,350 | 190 |
*,1 | Corbus Pharmaceuticals Holdings Inc. | 86,134 | 188 |
* | Milestone Scientific Inc. | 47,428 | 186 |
* | Verastem Inc. | 79,319 | 186 |
* | Verrica Pharmaceuticals Inc. | 13,567 | 186 |
* | Acutus Medical Inc. | 8,872 | 184 |
* | Neubase Therapeutics Inc. | 19,266 | 183 |
* | Checkpoint Therapeutics Inc. | 56,785 | 182 |
* | PAVmed Inc. | 43,162 | 181 |
* | Inhibrx Inc. | 7,110 | 181 |
* | Fennec Pharmaceuticals Inc. | 24,753 | 181 |
*,1 | Genprex Inc. | 33,316 | 172 |
* | Voyager Therapeutics Inc. | 29,257 | 166 |
* | Tricida Inc. | 32,012 | 164 |
* | ANI Pharmaceuticals Inc. | 5,621 | 164 |
* | CASI Pharmaceuticals Inc. | 64,870 | 160 |
* | Tyme Technologies Inc. | 79,954 | 160 |
* | Kindred Biosciences Inc. | 35,178 | 159 |
* | Pieris Pharmaceuticals Inc. | 58,395 | 159 |
* | Hookipa Pharma Inc. | 13,454 | 159 |
* | Optinose Inc. | 39,574 | 154 |
* | LogicBio Therapeutics Inc. | 18,199 | 151 |
* | Ovid therapeutics Inc. | 51,296 | 151 |
* | iRadimed Corp. | 6,702 | 149 |
* | Eton Pharmaceuticals Inc. | 18,896 | 149 |
* | Soleno Therapeutics Inc. | 60,925 | 147 |
* | ContraFect Corp. | 28,082 | 147 |
* | Inozyme Pharma Inc. | 7,284 | 146 |
* | Selecta Biosciences Inc. | 34,339 | 145 |
* | ADMA Biologics Inc. | 62,305 | 144 |
* | Strongbridge Biopharma plc | 45,881 | 144 |
* | Eloxx Pharmaceuticals Inc. | 30,912 | 139 |
* | Poseida Therapeutics Inc. | 12,436 | 137 |
* | Cerecor Inc. | 40,673 | 137 |
* | Oyster Point Pharma Inc. | 6,844 | 136 |
* | Spruce Biosciences Inc. | 6,069 | 127 |
* | AVEO Pharmaceuticals Inc. | 15,151 | 125 |
*,1 | BioSig Technologies Inc. | 27,501 | 122 |
* | Minerva Neurosciences Inc. | 39,377 | 122 |
* | Evolus Inc. | 9,969 | 121 |
* | Exicure Inc. | 55,938 | 121 |
Shares | Market Value ($000) | ||
*,1 | BrainStorm Cell Therapeutics Inc. | 29,602 | 120 |
* | Kaleido Biosciences Inc. | 13,478 | 120 |
* | Repro-Med Systems Inc. | 30,528 | 118 |
* | Tela Bio Inc. | 7,527 | 116 |
* | Graybug Vision Inc. | 5,693 | 114 |
* | NantHealth Inc. | 29,668 | 113 |
* | VolitionRX Ltd. | 27,586 | 113 |
*,1 | Nymox Pharmaceutical Corp. | 42,864 | 112 |
* | Centogene BV | 9,610 | 111 |
* | La Jolla Pharmaceutical Co. | 21,029 | 110 |
* | Chembio Diagnostics Inc. | 19,831 | 110 |
* | Hanger Inc. | 4,874 | 107 |
*,1 | IMARA Inc. | 8,495 | 107 |
* | Galera Therapeutics Inc. | 10,028 | 105 |
* | Lyra Therapeutics Inc. | 7,005 | 104 |
* | Aquestive Therapeutics Inc. | 22,489 | 103 |
* | Exagen Inc. | 5,658 | 103 |
* | Foghorn Therapeutics Inc. | 6,280 | 103 |
* | Misonix Inc. | 6,092 | 102 |
* | Maravai LifeSciences Holdings Inc. Class A | 3,080 | 100 |
* | KalVista Pharmaceuticals Inc. | 2,991 | 98 |
* | Rockwell Medical Inc. | 72,721 | 98 |
* | Soliton Inc. | 7,395 | 98 |
* | Axcella Health Inc. | 16,646 | 95 |
* | Dyadic International Inc. | 17,187 | 91 |
* | Enanta Pharmaceuticals Inc. | 1,840 | 91 |
* | Galectin Therapeutics Inc. | 40,859 | 91 |
* | Oncorus Inc. | 5,772 | 91 |
* | Champions Oncology Inc. | 7,700 | 90 |
* | Liquidia Corp. | 32,031 | 90 |
* | Aravive Inc. | 12,892 | 88 |
* | Assembly Biosciences Inc. | 16,458 | 84 |
* | Electromed Inc. | 7,466 | 79 |
* | Gritstone Oncology Inc. | 5,719 | 78 |
* | Codiak Biosciences Inc. | 4,845 | 78 |
* | Cidara Therapeutics Inc. | 33,649 | 76 |
* | Protara Therapeutics Inc. | 4,299 | 74 |
* | Rubius Therapeutics Inc. | 6,948 | 72 |
* | Recro Pharma Inc. | 20,715 | 71 |
* | Immunome Inc. | 1,760 | 70 |
*,1 | PhaseBio Pharmaceuticals Inc. | 16,648 | 65 |
* | Biodesix Inc. | 3,269 | 65 |
* | Ideaya Biosciences Inc. | 3,333 | 64 |
* | Checkmate Pharmaceuticals Inc. | 4,681 | 62 |
* | Sotera Health Co. | 2,367 | 62 |
*,1 | Cohbar Inc. | 40,108 | 61 |
* | Immunic Inc. | 3,640 | 58 |
* | SQZ Biotechnologies Co. | 3,869 | 58 |
* | Ortho Clinical Diagnostics Holdings plc | 3,257 | 56 |
* | Satsuma Pharmaceuticals Inc. | 9,670 | 55 |
* | Marker Therapeutics Inc. | 22,248 | 54 |
* | Triple-S Management Corp. Class B | 2,124 | 54 |
* | scPharmaceuticals Inc. | 7,331 | 54 |
* | Abeona Therapeutics Inc. | 21,561 | 52 |
* | Nemaura Medical Inc. | 8,182 | 51 |
* | Aprea Therapeutics Inc. | 8,138 | 49 |
* | Metacrine Inc. | 5,685 | 48 |
* | TCR2 Therapeutics Inc. | 1,738 | 46 |
* | Catabasis Pharmaceuticals Inc. | 15,145 | 44 |
* | Apyx Medical Corp. | 4,088 | 43 |
* | VYNE Therapeutics Inc. | 5,678 | 42 |
Shares | Market Value ($000) | ||
* | AcelRx Pharmaceuticals Inc. | 21,065 | 40 |
* | Mirum Pharmaceuticals Inc. | 2,195 | 40 |
* | Signify Health Inc. Class A | 1,212 | 40 |
*,1 | vTv Therapeutics Inc. Class A | 14,598 | 39 |
* | Viking Therapeutics Inc. | 5,443 | 37 |
*,1 | Osmotica Pharmaceuticals plc | 9,390 | 36 |
* | BioAtla Inc. | 672 | 36 |
* | Certara Inc. | 1,009 | 35 |
* | Talis Biomedical Corp. | 2,047 | 35 |
* | Venus Concept Inc. | 13,035 | 34 |
* | NexImmune Inc. | 1,263 | 33 |
* | Avenue Therapeutics Inc. | 6,864 | 32 |
* | Bellerophon Therapeutics Inc. | 4,860 | 31 |
* | Fluidigm Corp. | 6,260 | 29 |
* | Solid Biosciences Inc. | 3,678 | 29 |
*,1 | Aziyo Biologics Inc. Class A | 1,851 | 29 |
* | Orgenesis Inc. | 3,434 | 23 |
* | Silverback Therapeutics Inc. | 473 | 23 |
*,1 | Progenity Inc. | 4,032 | 22 |
* | Bolt Biotherapeutics Inc. | 794 | 21 |
* | Neurobo Pharmaceuticals Inc. | 4,707 | 20 |
* | 908 Devices Inc. | 351 | 19 |
*,2 | Alder Biopharmaceuticals Inc. | 20,196 | 18 |
*,1,2 | Tobira Therapeutics | 3,989 | 18 |
* | Cullinan Management Inc. | 424 | 17 |
* | Apria Inc. | 790 | 17 |
* | Angion Biomedica Corp. | 808 | 14 |
* | Decibel Therapeutics Inc. | 606 | 11 |
* | Sana Biotechnology Inc. | 370 | 11 |
* | Seer Inc. Class A | 206 | 10 |
* | Sigilon Therapeutics Inc. | 329 | 9 |
* | Landos Biopharma Inc. | 669 | 9 |
* | Lucira Health Inc. | 427 | 8 |
* | Terns Pharmaceuticals Inc. | 372 | 8 |
* | Olema Pharmaceuticals Inc. | 157 | 6 |
* | Bioventus Inc. Class A | 418 | 5 |
* | 4D Molecular Therapeutics Inc. | 92 | 4 |
* | Kinnate Biopharma Inc. | 128 | 4 |
*,2 | Synergy Pharmaceuticals Inc. | 124,654 | 1 |
* | Sensei Biotherapeutics Inc. | 54 | 1 |
*,2 | Progenics Pharmaceuticals Inc. | 71,640 | — |
2 | Clinical Data CVR | 367 | — |
2 | Omthera Pharmaceutical CVR | 2,001 | — |
510,814 | |||
Industrials (14.3%) | |||
Tetra Tech Inc. | 60,141 | 8,322 | |
* | TopBuild Corp. | 36,917 | 7,029 |
Advanced Drainage Systems Inc. | 62,842 | 6,914 | |
* | Saia Inc. | 29,318 | 5,879 |
Louisiana-Pacific Corp. | 122,623 | 5,838 | |
MAXIMUS Inc. | 68,211 | 5,544 | |
Exponent Inc. | 57,283 | 5,526 | |
* | Itron Inc. | 44,751 | 5,247 |
John Bean Technologies Corp. | 34,938 | 5,156 | |
* | Builders FirstSource Inc. | 117,006 | 5,062 |
* | ACI Worldwide Inc. | 127,763 | 4,888 |
Simpson Manufacturing Co. Inc. | 48,591 | 4,736 | |
* | ASGN Inc. | 46,956 | 4,365 |
* | Proto Labs Inc. | 29,835 | 4,346 |
Brink's Co. | 54,833 | 4,213 | |
Aerojet Rocketdyne Holdings Inc. | 80,606 | 4,133 |
Shares | Market Value ($000) | ||
* | AMN Healthcare Services Inc. | 52,059 | 3,793 |
* | Kratos Defense & Security Solutions Inc. | 135,443 | 3,725 |
* | TriNet Group Inc. | 46,032 | 3,695 |
Franklin Electric Co. Inc. | 47,746 | 3,584 | |
* | Atkore Inc. | 52,839 | 3,575 |
AAON Inc. | 45,861 | 3,536 | |
Badger Meter Inc. | 32,543 | 3,534 | |
* | ExlService Holdings Inc. | 36,901 | 3,123 |
* | Masonite International Corp. | 27,178 | 2,982 |
Installed Building Products Inc. | 25,501 | 2,789 | |
ESCO Technologies Inc. | 26,245 | 2,773 | |
* | AeroVironment Inc. | 24,163 | 2,660 |
* | Bloom Energy Corp. Class A | 93,253 | 2,660 |
EVERTEC Inc. | 67,154 | 2,612 | |
Werner Enterprises Inc. | 60,226 | 2,585 | |
* | CryoPort Inc. | 38,971 | 2,316 |
Federal Signal Corp. | 61,505 | 2,239 | |
Albany International Corp. Class A | 28,264 | 2,234 | |
Kadant Inc. | 12,750 | 2,218 | |
* | Verra Mobility Corp. Class A | 149,195 | 2,126 |
* | Vicor Corp. | 21,471 | 2,115 |
HB Fuller Co. | 37,272 | 2,090 | |
Brady Corp. Class A | 39,298 | 2,060 | |
* | SPX Corp. | 35,534 | 1,975 |
Lindsay Corp. | 12,084 | 1,936 | |
CSW Industrials Inc. | 15,289 | 1,920 | |
* | Dycom Industries Inc. | 24,578 | 1,882 |
Patrick Industries Inc. | 23,551 | 1,859 | |
* | Meritor Inc. | 59,413 | 1,804 |
* | OSI Systems Inc. | 18,932 | 1,791 |
Insperity Inc. | 19,909 | 1,766 | |
* | Air Transport Services Group Inc. | 65,511 | 1,739 |
* | WillScot Mobile Mini Holdings Corp. Class A | 62,512 | 1,733 |
* | FARO Technologies Inc. | 18,353 | 1,715 |
TTEC Holdings Inc. | 20,236 | 1,703 | |
Forward Air Corp. | 18,750 | 1,608 | |
O-I Glass Inc. | 135,287 | 1,580 | |
Watts Water Technologies Inc. Class A | 13,633 | 1,555 | |
Tennant Co. | 20,362 | 1,552 | |
* | Repay Holdings Corp. Class A | 68,192 | 1,487 |
Applied Industrial Technologies Inc. | 17,049 | 1,455 | |
Mesa Laboratories Inc. | 5,267 | 1,432 | |
Alamo Group Inc. | 8,919 | 1,361 | |
Shyft Group Inc. | 38,391 | 1,263 | |
McGrath RentCorp. | 15,199 | 1,180 | |
* | Evo Payments Inc. Class A | 46,222 | 1,177 |
* | NV5 Global Inc. | 11,198 | 1,156 |
Kforce Inc. | 21,958 | 1,127 | |
* | Cardtronics plc Class A | 29,163 | 1,124 |
Douglas Dynamics Inc. | 23,158 | 1,116 | |
* | Ferro Corp. | 67,470 | 1,071 |
Primoris Services Corp. | 30,139 | 1,009 | |
ManTech International Corp. Class A | 12,901 | 1,008 | |
Helios Technologies Inc. | 15,306 | 1,001 | |
Chase Corp. | 8,217 | 885 | |
ICF International Inc. | 10,058 | 839 | |
* | Energy Recovery Inc. | 44,805 | 789 |
* | Forterra Inc. | 32,363 | 753 |
Comfort Systems USA Inc. | 11,694 | 724 | |
* | Gibraltar Industries Inc. | 8,168 | 713 |
* | I3 Verticals Inc. Class A | 20,631 | 685 |
Shares | Market Value ($000) | ||
Cass Information Systems Inc. | 15,782 | 680 | |
* | MYR Group Inc. | 11,472 | 676 |
* | Welbilt Inc. | 40,905 | 654 |
* | Parsons Corp. | 18,008 | 644 |
* | Cimpress plc | 6,471 | 641 |
KBR Inc. | 19,773 | 613 | |
Otter Tail Corp. | 14,948 | 606 | |
* | PGT Innovations Inc. | 23,785 | 561 |
Enerpac Tool Group Corp. Class A | 22,398 | 553 | |
* | PAE Inc. | 65,295 | 533 |
Marten Transport Ltd. | 31,783 | 514 | |
EMCOR Group Inc. | 5,210 | 507 | |
EnerSys | 4,436 | 400 | |
* | Napco Security Technologies Inc. | 12,811 | 399 |
* | Construction Partners Inc. Class A | 13,273 | 384 |
* | Luna Innovations Inc. | 32,680 | 384 |
*,1 | ExOne Co. | 11,226 | 383 |
* | GreenSky Inc. Class A | 70,539 | 375 |
* | ShotSpotter Inc. | 8,917 | 374 |
* | MasTec Inc. | 4,237 | 368 |
* | Franklin Covey Co. | 13,989 | 360 |
Allied Motion Technologies Inc. | 7,313 | 355 | |
* | Transcat Inc. | 7,869 | 353 |
* | Willdan Group Inc. | 8,060 | 353 |
CRA International Inc. | 6,361 | 351 | |
Myers Industries Inc. | 14,939 | 331 | |
* | Vivint Smart Home Inc. | 18,179 | 309 |
* | CBIZ Inc. | 9,592 | 289 |
* | Daseke Inc. | 51,576 | 285 |
Cubic Corp. | 4,009 | 278 | |
* | Vectrus Inc. | 4,848 | 265 |
* | Orion Energy Systems Inc. | 30,597 | 257 |
* | Green Dot Corp. Class A | 4,969 | 235 |
* | Montrose Environmental Group Inc. | 4,802 | 235 |
* | Cornerstone Building Brands Inc. | 20,369 | 232 |
UniFirst Corp. | 940 | 228 | |
* | HC2 Holdings Inc. | 61,871 | 216 |
EVI Industries Inc. | 5,515 | 202 | |
Granite Construction Inc. | 5,733 | 197 | |
*,1 | Alpha Pro Tech Ltd. | 13,868 | 194 |
* | Blue Bird Corp. | 6,902 | 168 |
Apogee Enterprises Inc. | 4,432 | 166 | |
* | Lawson Products Inc. | 3,049 | 162 |
* | Paysign Inc. | 35,362 | 160 |
Kaman Corp. | 3,233 | 157 | |
* | IES Holdings Inc. | 3,328 | 153 |
* | Atlanticus Holdings Corp. | 5,567 | 146 |
CAI International Inc. | 3,286 | 145 | |
Universal Logistics Holdings Inc. | 6,066 | 142 | |
Mueller Water Products Inc. Class A | 10,524 | 136 | |
* | Herc Holdings Inc. | 1,543 | 135 |
Raven Industries Inc. | 3,201 | 125 | |
Pactiv Evergreen Inc. | 8,844 | 124 | |
* | Huron Consulting Group Inc. | 2,370 | 121 |
* | Sterling Construction Co. Inc. | 4,790 | 109 |
* | Atlas Air Worldwide Holdings Inc. | 1,844 | 102 |
* | PFSweb Inc. | 13,623 | 96 |
* | Sykes Enterprises Inc. | 2,339 | 96 |
Gorman-Rupp Co. | 2,862 | 92 | |
* | Dorian LPG Ltd. | 6,088 | 76 |
*,1 | Wrap Technologies Inc. | 13,525 | 71 |
Shares | Market Value ($000) | ||
* | Priority Technology Holdings Inc. | 7,810 | 71 |
* | Ibex Ltd. | 2,084 | 46 |
* | Cross Country Healthcare Inc. | 3,882 | 43 |
REV Group Inc. | 3,430 | 43 | |
Barrett Business Services Inc. | 579 | 41 | |
* | Aspen Aerogels Inc. | 1,753 | 39 |
Luxfer Holdings plc | 1,611 | 31 | |
* | UFP Technologies Inc. | 537 | 27 |
Ardmore Shipping Corp. | 4,138 | 16 | |
U.S. Lime & Minerals Inc. | 106 | 15 | |
* | PAM Transportation Services Inc. | 204 | 12 |
* | Gencor Industries Inc. | 744 | 11 |
222,546 | |||
Other (0.0%)3 | |||
*,2 | Aduro Biotech Inc. | 10,154 | 6 |
* | BM Technologies Inc. | 325 | 4 |
*,1,2 | GTx Inc. | 530 | — |
*,2 | NewStar Financial Inc. CVR | 2,171 | — |
*,2 | Prevail Therapeutics Inc. | 58 | — |
10 | |||
Real Estate (3.3%) | |||
* | Redfin Corp. | 111,274 | 8,428 |
EastGroup Properties Inc. | 41,452 | 5,642 | |
QTS Realty Trust Inc. Class A | 67,533 | 4,195 | |
Ryman Hospitality Properties Inc. | 48,722 | 3,766 | |
PS Business Parks Inc. | 22,423 | 3,248 | |
National Storage Affiliates Trust | 69,810 | 2,691 | |
Uniti Group Inc. | 215,323 | 2,565 | |
Four Corners Property Trust Inc. | 81,988 | 2,221 | |
Easterly Government Properties Inc. | 90,851 | 1,997 | |
Innovative Industrial Properties Inc. | 10,042 | 1,958 | |
Terreno Realty Corp. | 31,608 | 1,771 | |
Monmouth Real Estate Investment Corp. | 93,397 | 1,618 | |
Community Healthcare Trust Inc. | 24,872 | 1,090 | |
National Health Investors Inc. | 15,688 | 1,071 | |
St. Joe Co. | 18,120 | 912 | |
Safehold Inc. | 10,980 | 837 | |
Universal Health Realty Income Trust | 12,443 | 771 | |
LTC Properties Inc. | 16,199 | 663 | |
* | Cushman & Wakefield plc | 41,759 | 646 |
RMR Group Inc. Class A | 15,202 | 611 | |
Alexander's Inc. | 2,214 | 600 | |
UMH Properties Inc. | 32,338 | 552 | |
STAG Industrial Inc. | 13,600 | 429 | |
Saul Centers Inc. | 11,764 | 417 | |
Plymouth Industrial REIT Inc. | 27,226 | 406 | |
CareTrust REIT Inc. | 14,918 | 331 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 4,260 | 240 | |
Gladstone Land Corp. | 11,253 | 201 | |
Gladstone Commercial Corp. | 8,220 | 154 | |
NexPoint Residential Trust Inc. | 3,705 | 152 | |
CIM Commercial Trust Corp. | 12,210 | 148 | |
Indus Realty Trust Inc. | 2,380 | 144 | |
Clipper Realty Inc. | 14,210 | 124 | |
Broadstone Net Lease Inc. Class A | 5,122 | 93 | |
Bluerock Residential Growth REIT Inc. Class A | 8,527 | 91 | |
* | Marcus & Millichap Inc. | 2,370 | 90 |
* | Fathom Holdings Inc. | 1,785 | 78 |
CatchMark Timber Trust Inc. Class A | 5,763 | 59 | |
* | Maui Land & Pineapple Co. Inc. | 3,162 | 37 |
Shares | Market Value ($000) | ||
NETSTREIT Corp. | 1,749 | 31 | |
* | Avalon GloboCare Corp. | 15,964 | 19 |
51,097 | |||
Technology (18.3%) | |||
* | II-VI Inc. | 100,894 | 8,505 |
* | Silicon Laboratories Inc. | 48,357 | 7,531 |
* | Lattice Semiconductor Corp. | 151,703 | 7,300 |
* | Blackline Inc. | 56,846 | 7,050 |
* | Varonis Systems Inc. Class B | 37,322 | 6,850 |
* | Q2 Holdings Inc. | 56,164 | 6,845 |
* | Appian Corp. Class A | 39,700 | 6,825 |
Brooks Automation Inc. | 81,046 | 6,740 | |
Power Integrations Inc. | 65,769 | 5,812 | |
* | Upwork Inc. | 103,501 | 5,577 |
* | Sailpoint Technologies Holdings Inc. | 98,231 | 5,538 |
CMC Materials Inc. | 32,387 | 5,522 | |
* | J2 Global Inc. | 48,370 | 5,388 |
* | Semtech Corp. | 72,039 | 5,281 |
* | Novanta Inc. | 38,166 | 5,051 |
* | Synaptics Inc. | 36,385 | 4,877 |
* | Alarm.com Holdings Inc. | 53,018 | 4,659 |
* | LivePerson Inc. | 69,564 | 4,565 |
* | Workiva Inc. Class A | 44,317 | 4,483 |
Advanced Energy Industries Inc. | 42,374 | 4,426 | |
* | Rapid7 Inc. | 57,687 | 4,398 |
* | SPS Commerce Inc. | 39,625 | 3,991 |
* | FormFactor Inc. | 86,138 | 3,908 |
* | MicroStrategy Inc. Class A | 5,127 | 3,847 |
Blackbaud Inc. | 55,140 | 3,795 | |
* | Envestnet Inc. | 59,215 | 3,791 |
Perspecta Inc. | 128,613 | 3,756 | |
* | Qualys Inc. | 37,983 | 3,690 |
* | LiveRamp Holdings Inc. | 57,754 | 3,648 |
* | Fabrinet | 40,974 | 3,619 |
* | Cornerstone OnDemand Inc. | 68,516 | 3,461 |
* | Schrodinger Inc. | 33,579 | 3,441 |
* | Bandwidth Inc. Class A | 21,413 | 3,391 |
* | MACOM Technology Solutions Holdings Inc. Class H | 52,452 | 3,375 |
* | Magnite Inc. | 66,844 | 3,267 |
* | Tenable Holdings Inc. | 79,282 | 3,243 |
* | CommVault Systems Inc. | 47,135 | 3,004 |
* | Appfolio Inc. Class A | 18,200 | 2,985 |
* | Altair Engineering Inc. Class A | 48,436 | 2,983 |
* | Box Inc. Class A | 157,874 | 2,897 |
* | Avaya Holdings Corp. | 92,434 | 2,743 |
* | Mimecast Ltd. | 63,746 | 2,734 |
* | SVMK Inc. | 137,025 | 2,551 |
NIC Inc. | 73,319 | 2,545 | |
* | Cargurus Inc. | 97,718 | 2,536 |
* | Calix Inc. | 58,678 | 2,318 |
* | TechTarget Inc. | 26,585 | 2,223 |
* | Bottomline Technologies DE Inc. | 49,500 | 2,222 |
* | Plexus Corp. | 26,091 | 2,191 |
Shutterstock Inc. | 24,417 | 2,154 | |
Progress Software Corp. | 50,043 | 2,129 | |
* | Sprout Social Inc. Class A | 31,101 | 2,114 |
* | PROS Holdings Inc. | 43,798 | 2,076 |
* | Ultra Clean Holdings Inc. | 44,756 | 2,076 |
* | Perficient Inc. | 36,290 | 2,021 |
* | Yext Inc. | 114,884 | 1,944 |
* | Domo Inc. Class B | 28,917 | 1,843 |
Shares | Market Value ($000) | ||
* | PAR Technology Corp. | 21,181 | 1,840 |
* | MaxLinear Inc. | 45,745 | 1,819 |
* | Cloudera Inc. | 111,413 | 1,798 |
* | CSG Systems International Inc. | 36,540 | 1,686 |
* | Zuora Inc. Class A | 112,174 | 1,675 |
* | Model N Inc. | 38,037 | 1,611 |
* | Verint Systems Inc. | 32,468 | 1,600 |
* | CEVA Inc. | 24,536 | 1,502 |
* | nLight Inc. | 39,373 | 1,501 |
* | Upland Software Inc. | 29,541 | 1,460 |
* | Eventbrite Inc. Class A | 71,873 | 1,428 |
* | Sitime Corp. | 13,032 | 1,270 |
* | Agilysys Inc. | 21,223 | 1,265 |
* | Axcelis Technologies Inc. | 34,057 | 1,256 |
* | Ambarella Inc. | 11,070 | 1,245 |
* | Impinj Inc. | 19,092 | 1,221 |
* | ePlus Inc. | 12,328 | 1,166 |
Simulations Plus Inc. | 15,453 | 1,108 | |
* | Ichor Holdings Ltd. | 25,079 | 1,072 |
* | Ping Identity Holding Corp. | 41,469 | 972 |
Sapiens International Corp. NV | 30,564 | 959 | |
* | Brightcove Inc. | 43,767 | 953 |
* | Cognyte Software Ltd. | 32,614 | 942 |
*,1 | Veritone Inc. | 26,000 | 937 |
* | Insight Enterprises Inc. | 10,611 | 887 |
* | OneSpan Inc. | 37,040 | 865 |
QAD Inc. Class A | 13,121 | 842 | |
* | Tucows Inc. Class A | 10,403 | 822 |
* | Onto Innovation Inc. | 13,098 | 818 |
* | EverQuote Inc. Class A | 15,536 | 761 |
* | SMART Global Holdings Inc. | 15,181 | 709 |
* | ChannelAdvisor Corp. | 31,297 | 707 |
* | Mitek Systems Inc. | 45,402 | 694 |
* | Avid Technology Inc. | 35,386 | 686 |
American Software Inc. Class A | 33,450 | 676 | |
* | Rackspace Technology Inc. | 31,605 | 664 |
* | Diodes Inc. | 8,378 | 658 |
* | Rogers Corp. | 3,628 | 658 |
Pitney Bowes Inc. | 73,979 | 627 | |
* | A10 Networks Inc. | 66,731 | 623 |
* | Yelp Inc. Class A | 15,016 | 566 |
* | Forrester Research Inc. | 12,360 | 558 |
* | GAN Ltd. | 21,432 | 547 |
* | PDF Solutions Inc. | 29,588 | 543 |
*,1 | Atomera Inc. | 19,264 | 539 |
* | Benefitfocus Inc. | 32,024 | 487 |
* | Super Micro Computer Inc. | 14,202 | 463 |
* | Zix Corp. | 61,476 | 454 |
* | Grid Dynamics Holdings Inc. | 30,294 | 452 |
* | Diebold Nixdorf Inc. | 30,935 | 449 |
* | Digimarc Corp. | 12,251 | 448 |
* | Mediaalpha Inc. Class A | 8,417 | 442 |
Amkor Technology Inc. | 18,398 | 440 | |
* | Limelight Networks Inc. | 130,324 | 426 |
Ebix Inc. | 16,523 | 403 | |
Hackett Group Inc. | 24,521 | 383 | |
*,1 | Sumo Logic Inc. | 12,580 | 382 |
* | NeoPhotonics Corp. | 38,563 | 371 |
* | DSP Group Inc. | 22,881 | 356 |
NVE Corp. | 4,848 | 342 | |
* | Intelligent Systems Corp. | 8,471 | 336 |
Shares | Market Value ($000) | ||
* | Waitr Holdings Inc. | 92,598 | 295 |
Methode Electronics Inc. | 7,237 | 282 | |
VirnetX Holding Corp. | 37,235 | 259 | |
* | Smith Micro Software Inc. | 38,775 | 256 |
* | Iteris Inc. | 45,819 | 253 |
* | Intellicheck Inc. | 20,359 | 248 |
* | CyberOptics Corp. | 8,049 | 215 |
* | Rimini Street Inc. | 24,988 | 194 |
* | Red Violet Inc. | 7,664 | 178 |
* | Unisys Corp. | 6,921 | 170 |
Xperi Holding Corp. | 7,827 | 165 | |
* | Allscripts Healthcare Solutions Inc. | 9,506 | 147 |
* | Immersion Corp. | 14,223 | 141 |
* | Pixelworks Inc. | 38,977 | 140 |
Cohu Inc. | 2,822 | 123 | |
* | Research Frontiers Inc. | 29,031 | 117 |
* | Akerna Corp. | 19,236 | 106 |
* | eGain Corp. | 8,834 | 103 |
* | Beyond Air Inc. | 16,311 | 97 |
* | Mastech Digital Inc. | 4,664 | 75 |
* | Telos Corp. | 1,481 | 49 |
* | Quantum Corp. | 5,768 | 48 |
* | Intevac Inc. | 5,854 | 37 |
PC Connection Inc. | 786 | 36 | |
* | PubMatic Inc. Class A | 455 | 30 |
McAfee Corp.Class A | 1,318 | 27 | |
* | ON24 Inc. | 431 | 24 |
* | Asana Inc. Class A | 660 | 23 |
* | Viant Technology Inc. Class A | 447 | 22 |
* | Datto Holding Corp. | 781 | 18 |
* | Park City Group Inc. | 2,705 | 17 |
Bentley Systems Inc. Class B | 373 | 17 | |
* | C3.ai Inc. Class A | 151 | 17 |
* | SecureWorks Corp. Class A | 540 | 8 |
285,042 | |||
Telecommunications (2.2%) | |||
* | Acacia Communications Inc. | 43,220 | 4,970 |
* | Viavi Solutions Inc. | 254,874 | 4,125 |
* | 8x8 Inc. | 117,653 | 4,025 |
* | Iridium Communications Inc. | 84,567 | 3,240 |
Cogent Communications Holdings Inc. | 47,433 | 2,839 | |
Shenandoah Telecommunications Co. | 53,779 | 2,385 | |
* | Vonage Holdings Corp. | 147,214 | 1,946 |
* | Vocera Communications Inc. | 35,752 | 1,531 |
* | Extreme Networks Inc. | 134,565 | 1,234 |
*,1 | Inseego Corp. | 77,829 | 1,135 |
* | Infinera Corp. | 91,590 | 900 |
InterDigital Inc. | 10,850 | 687 | |
*,1 | Gogo Inc. | 57,669 | 683 |
* | Boingo Wireless Inc. | 48,499 | 553 |
* | Anterix Inc. | 12,164 | 514 |
Plantronics Inc. | 12,688 | 514 | |
* | WideOpenWest Inc. | 29,694 | 417 |
* | Clearfield Inc. | 12,527 | 406 |
* | Ooma Inc. | 23,556 | 372 |
* | Casa Systems Inc. | 35,927 | 295 |
* | Resonant Inc. | 56,355 | 288 |
* | Cincinnati Bell Inc. | 18,619 | 284 |
* | CalAmp Corp. | 25,065 | 280 |
* | Cambium Networks Corp. | 6,330 | 268 |
* | Genasys Inc. | 37,668 | 259 |
Shares | Market Value ($000) | ||
* | IDT Corp. Class B | 14,131 | 254 |
Loral Space & Communications Inc. | 2,995 | 133 | |
* | ORBCOMM Inc. | 10,605 | 81 |
*,1 | GTT Communications Inc. | 36,085 | 68 |
* | Consolidated Communications Holdings Inc. | 7,060 | 37 |
ATN International Inc. | 652 | 32 | |
34,755 | |||
Utilities (2.5%) | |||
* | Sunrun Inc. | 167,805 | 10,501 |
Ormat Technologies Inc. | 44,645 | 3,825 | |
American States Water Co. | 41,146 | 3,006 | |
* | Evoqua Water Technologies Corp. | 114,651 | 2,815 |
California Water Service Group | 50,964 | 2,800 | |
* | Casella Waste Systems Inc. Class A | 47,101 | 2,728 |
Chesapeake Utilities Corp. | 18,031 | 1,906 | |
South Jersey Industries Inc. | 65,797 | 1,652 | |
Middlesex Water Co. | 18,953 | 1,301 | |
1 | Brookfield Infrastructure Corp. Class A | 17,413 | 1,153 |
SJW Group | 15,509 | 972 | |
Covanta Holding Corp. | 51,741 | 727 | |
MGE Energy Inc. | 10,829 | 690 | |
York Water Co. | 14,394 | 599 | |
Clearway Energy Inc. Class C | 18,904 | 519 | |
1 | Brookfield Renewable Corp. Class A | 11,113 | 513 |
ONE Gas Inc. | 6,704 | 449 | |
* | Southwest Gas Holdings Inc. | 5,225 | 326 |
* | Sunnova Energy International Inc. | 7,222 | 324 |
* | Pure Cycle Corp. | 21,985 | 259 |
Global Water Resources Inc. | 13,611 | 236 | |
* | Sharps Compliance Corp. | 15,621 | 199 |
Clearway Energy Inc. Class A | 7,091 | 185 | |
Northwest Natural Holding Co. | 3,595 | 173 | |
*,1 | Cadiz Inc. | 12,964 | 141 |
Spark Energy Inc. Class A | 13,657 | 136 | |
Genie Energy Ltd. Class B | 15,145 | 114 | |
RGC Resources Inc. | 4,312 | 98 | |
* | Atlantic Power Corp. | 7,191 | 21 |
Artesian Resources Corp. Class A | 518 | 19 | |
38,387 | |||
Total Common Stocks (Cost $1,028,438) | 1,556,232 | ||
Temporary Cash Investments (2.6%) | |||
Money Market Fund (2.6%) | |||
4,5 | Vanguard Market Liquidity Fund, 0.099% (Cost $40,521) | 405,243 | 40,524 |
Total Investments (102.8%) (Cost $1,068,959) | 1,596,756 | ||
Other Assets and Liabilities—Net (-2.8%) | (43,167) | ||
Net Assets (100%) | 1,553,589 | ||
Cost is in $000. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $36,109,000. |
2 | Security value determined using significant unobservable inputs. |
3 | “Other” represents securities that are not classified by the fund’s benchmark index. |
4 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
5 | Collateral of $37,819,000 was received for securities on loan, of which $37,665,000 is held in Vanguard Market Liquidity Fund and $154,000 is held in cash. |
CVR—Contingent Value Rights. | |
REIT—Real Estate Investment Trust. |
All rights reserved.
Vanguard Marketing Corporation, Distributor.
Shares | Market Value ($000) | ||
Common Stocks (99.6%) | |||
Basic Materials (2.0%) | |||
Linde plc | 26,140 | 6,385 | |
Air Products and Chemicals Inc. | 11,033 | 2,820 | |
Ecolab Inc. | 12,465 | 2,610 | |
Freeport-McMoRan Inc. | 72,512 | 2,459 | |
Dow Inc. | 37,123 | 2,202 | |
Newmont Corp. | 39,894 | 2,169 | |
International Flavors & Fragrances Inc. | 12,445 | 1,686 | |
Fastenal Co. | 28,781 | 1,335 | |
LyondellBasell Industries NV Class A | 12,888 | 1,329 | |
International Paper Co. | 19,343 | 960 | |
Albemarle Corp. | 5,741 | 903 | |
Nucor Corp. | 14,859 | 889 | |
Celanese Corp. Class A | 5,868 | 815 | |
Eastman Chemical Co. | 6,732 | 736 | |
Avery Dennison Corp. | 4,148 | 727 | |
FMC Corp. | 6,402 | 651 | |
Mosaic Co. | 16,746 | 492 | |
CF Industries Holdings Inc. | 10,300 | 466 | |
Scotts Miracle-Gro Co. | 1,983 | 423 | |
Reliance Steel & Aluminum Co. | 3,133 | 414 | |
Steel Dynamics Inc. | 9,912 | 412 | |
Royal Gold Inc. | 3,321 | 344 | |
Cleveland-Cliffs Inc. | 23,185 | 309 | |
Southern Copper Corp. | 4,113 | 293 | |
Rexnord Corp. | 6,065 | 273 | |
Huntsman Corp. | 9,796 | 267 | |
Timken Co. | 3,032 | 238 | |
* | RBC Bearings Inc. | 1,187 | 236 |
Valvoline Inc. | 9,417 | 235 | |
Ashland Global Holdings Inc. | 2,773 | 233 | |
U.S. Steel Corp. | 13,961 | 232 | |
Hexcel Corp. | 4,286 | 230 | |
Olin Corp. | 7,240 | 224 | |
* | Alcoa Corp. | 8,948 | 220 |
Element Solutions Inc. | 11,389 | 206 | |
Chemours Co. | 8,380 | 197 | |
Avient Corp. | 4,539 | 196 | |
Balchem Corp. | 1,631 | 195 | |
UFP Industries Inc. | 3,000 | 183 | |
* | Univar Solutions Inc. | 8,948 | 178 |
W R Grace & Co. | 2,969 | 176 | |
Quaker Chemical Corp. | 620 | 175 | |
Hecla Mining Co. | 25,478 | 166 | |
Commercial Metals Co. | 6,380 | 160 | |
Cabot Corp. | 3,190 | 157 | |
* | Ingevity Corp. | 2,190 | 152 |
Sensient Technologies Corp. | 1,929 | 150 | |
NewMarket Corp. | 366 | 139 | |
Innospec Inc. | 1,372 | 138 | |
Westlake Chemical Corp. | 1,615 | 138 | |
Stepan Co. | 1,122 | 135 | |
Worthington Industries Inc. | 1,805 | 115 | |
Trinseo SA | 1,776 | 115 | |
* | Coeur Mining Inc. | 12,638 | 114 |
Minerals Technologies Inc. | 1,509 | 108 | |
Mueller Industries Inc. | 2,513 | 102 | |
* | Arconic Corp. | 4,602 | 101 |
Compass Minerals International Inc. | 1,555 | 98 | |
* | Novagold Resources Inc. | 11,682 | 98 |
Shares | Market Value ($000) | ||
Carpenter Technology Corp. | 2,327 | 95 | |
Domtar Corp. | 2,552 | 95 | |
Kaiser Aluminum Corp. | 775 | 88 | |
Boise Cascade Co. | 1,736 | 87 | |
Tronox Holdings plc Class A | 4,176 | 77 | |
* | Amyris Inc. | 4,841 | 67 |
Schweitzer-Mauduit International Inc. | 1,444 | 67 | |
Materion Corp. | 888 | 61 | |
* | GCP Applied Technologies Inc. | 2,139 | 53 |
* | Kraton Corp. | 1,372 | 51 |
Orion Engineered Carbons SA | 2,708 | 48 | |
U.S. Silica Holdings Inc. | 3,365 | 45 | |
Neenah Inc. | 777 | 43 | |
Schnitzer Steel Industries Inc. Class A | 1,198 | 41 | |
* | AdvanSix Inc. | 1,257 | 35 |
GrafTech International Ltd. | 2,921 | 35 | |
* | Century Aluminum Co. | 2,407 | 33 |
Glatfelter Corp. | 1,961 | 31 | |
* | Koppers Holdings Inc. | 897 | 30 |
* | Energy Fuels Inc. | 5,602 | 29 |
Hawkins Inc. | 454 | 28 | |
* | Clearwater Paper Corp. | 748 | 26 |
PQ Group Holdings Inc. | 1,714 | 26 | |
American Vanguard Corp. | 1,302 | 25 | |
Omega Flex Inc. | 131 | 23 | |
* | Rayonier Advanced Materials Inc. | 2,304 | 21 |
Verso Corp. Class A | 1,573 | 20 | |
Tredegar Corp. | 1,263 | 19 | |
FutureFuel Corp. | 1,191 | 18 | |
* | Unifi Inc. | 712 | 18 |
* | Uranium Energy Corp. | 8,412 | 18 |
Haynes International Inc. | 543 | 15 | |
* | TimkenSteel Corp. | 1,849 | 15 |
* | Intrepid Potash Inc. | 457 | 14 |
* | NN Inc. | 1,893 | 12 |
* | Ryerson Holding Corp. | 795 | 10 |
* | Marrone Bio Innovations Inc. | 3,470 | 9 |
Olympic Steel Inc. | 514 | 9 | |
* | Gatos Silver Inc. | 660 | 9 |
Caledonia Mining Corp. plc | 565 | 8 | |
* | AgroFresh Solutions Inc. | 2,792 | 7 |
Eastern Co. | 272 | 7 | |
Gold Resource Corp. | 2,491 | 7 | |
39,384 | |||
Consumer Discretionary (16.5%) | |||
* | Amazon.com Inc. | 21,149 | 65,412 |
* | Tesla Inc. | 37,729 | 25,486 |
Walt Disney Co. | 90,186 | 17,049 | |
Home Depot Inc. | 53,575 | 13,841 | |
* | Netflix Inc. | 21,221 | 11,435 |
Walmart Inc. | 69,392 | 9,015 | |
NIKE Inc. Class B | 61,113 | 8,237 | |
McDonald's Corp. | 37,095 | 7,647 | |
Costco Wholesale Corp. | 21,997 | 7,281 | |
Starbucks Corp. | 58,337 | 6,302 | |
Lowe's Cos. Inc. | 37,772 | 6,034 | |
* | Booking Holdings Inc. | 2,041 | 4,752 |
Target Corp. | 24,941 | 4,575 | |
TJX Cos. Inc. | 59,735 | 3,942 | |
Activision Blizzard Inc. | 37,982 | 3,631 | |
* | Uber Technologies Inc. | 68,832 | 3,562 |
Shares | Market Value ($000) | ||
General Motors Co. | 62,280 | 3,197 | |
Estee Lauder Cos. Inc. Class A | 11,032 | 3,154 | |
Dollar General Corp. | 12,598 | 2,381 | |
Ford Motor Co. | 195,390 | 2,286 | |
Ross Stores Inc. | 17,568 | 2,049 | |
Aptiv plc | 13,430 | 2,012 | |
* | Chipotle Mexican Grill Inc. Class A | 1,394 | 2,010 |
* | Spotify Technology SA | 6,539 | 2,010 |
Marriott International Inc. Class A | 13,552 | 2,007 | |
Electronic Arts Inc. | 14,207 | 1,903 | |
eBay Inc. | 32,928 | 1,858 | |
ViacomCBS Inc. Class B | 27,707 | 1,787 | |
* | Lululemon Athletica Inc. | 5,685 | 1,772 |
Southwest Airlines Co. | 29,678 | 1,725 | |
Hilton Worldwide Holdings Inc. | 13,790 | 1,706 | |
* | Trade Desk Inc. Class A | 2,069 | 1,666 |
* | O'Reilly Automotive Inc. | 3,590 | 1,606 |
Yum! Brands Inc. | 15,225 | 1,576 | |
Delta Air Lines Inc. | 32,402 | 1,553 | |
* | Peloton Interactive Inc. Class A | 12,708 | 1,531 |
* | AutoZone Inc. | 1,178 | 1,366 |
* | Etsy Inc. | 5,915 | 1,303 |
VF Corp. | 16,344 | 1,293 | |
DR Horton Inc. | 16,364 | 1,258 | |
Yum China Holdings Inc. | 20,040 | 1,199 | |
* | Dollar Tree Inc. | 11,818 | 1,161 |
Best Buy Co. Inc. | 11,517 | 1,156 | |
* | Copart Inc. | 10,353 | 1,130 |
Expedia Group Inc. | 6,681 | 1,076 | |
Lennar Corp. Class A | 12,821 | 1,064 | |
* | Take-Two Interactive Software Inc. | 5,595 | 1,032 |
* | Wayfair Inc. Class A | 3,551 | 1,026 |
Las Vegas Sands Corp. | 16,337 | 1,023 | |
* | CarMax Inc. | 7,996 | 956 |
Garmin Ltd. | 7,405 | 918 | |
Tractor Supply Co. | 5,702 | 906 | |
MGM Resorts International | 23,921 | 904 | |
* | Penn National Gaming Inc. | 7,747 | 897 |
Darden Restaurants Inc. | 6,434 | 884 | |
* | Ulta Beauty Inc. | 2,664 | 859 |
* | Caesars Entertainment Inc. | 9,029 | 844 |
Royal Caribbean Cruises Ltd. | 8,995 | 839 | |
* | Burlington Stores Inc. | 3,189 | 825 |
* | Carvana Co. Class A | 2,803 | 795 |
* | NVR Inc. | 173 | 779 |
* | United Airlines Holdings Inc. | 14,581 | 768 |
Genuine Parts Co. | 6,907 | 728 | |
Omnicom Group Inc. | 10,380 | 713 | |
Wynn Resorts Ltd. | 5,319 | 701 | |
* | Lyft Inc. Class A | 12,384 | 690 |
* | Discovery Inc. Class C | 15,283 | 688 |
Domino's Pizza Inc. | 1,930 | 669 | |
Carnival Corp. | 24,494 | 655 | |
Pool Corp. | 1,885 | 631 | |
L Brands Inc. | 11,533 | 630 | |
* | Chegg Inc. | 6,487 | 626 |
* | Live Nation Entertainment Inc. | 7,039 | 625 |
Vail Resorts Inc. | 2,001 | 619 | |
PulteGroup Inc. | 13,219 | 596 | |
Fortune Brands Home & Security Inc. | 7,061 | 587 | |
Hasbro Inc. | 6,249 | 586 |
Shares | Market Value ($000) | ||
* | LKQ Corp. | 14,789 | 583 |
Whirlpool Corp. | 3,015 | 573 | |
Fox Corp. Class A | 17,108 | 570 | |
Tapestry Inc. | 13,446 | 567 | |
American Airlines Group Inc. | 26,426 | 553 | |
BorgWarner Inc. | 11,903 | 536 | |
Advance Auto Parts Inc. | 3,206 | 514 | |
* | Five Below Inc. | 2,752 | 512 |
Williams-Sonoma Inc. | 3,808 | 500 | |
Interpublic Group of Cos. Inc. | 18,877 | 493 | |
Lear Corp. | 2,968 | 493 | |
* | Mohawk Industries Inc. | 2,817 | 493 |
* | Bright Horizons Family Solutions Inc. | 3,064 | 489 |
* | Zynga Inc. Class A | 43,761 | 488 |
Lithia Motors Inc. Class A | 1,301 | 487 | |
* | Liberty Media Corp.-Liberty Formula One Class C | 10,730 | 471 |
* | Norwegian Cruise Line Holdings Ltd. | 15,627 | 462 |
* | Deckers Outdoor Corp. | 1,406 | 459 |
News Corp. Class A | 19,253 | 451 | |
* | Floor & Decor Holdings Inc. Class A | 4,665 | 444 |
* | Discovery Inc. Class A | 8,349 | 443 |
Kohl's Corp. | 7,928 | 438 | |
Aramark | 11,626 | 432 | |
Newell Brands Inc. | 18,619 | 431 | |
Gentex Corp. | 12,113 | 429 | |
Churchill Downs Inc. | 1,828 | 422 | |
New York Times Co. Class A | 8,186 | 419 | |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 9,231 | 407 |
Service Corp. International | 8,472 | 405 | |
Nielsen Holdings plc | 18,002 | 403 | |
* | IAA Inc. | 6,680 | 392 |
Alaska Air Group Inc. | 5,804 | 377 | |
* | RH | 753 | 369 |
Rollins Inc. | 10,997 | 365 | |
Marriott Vacations Worldwide Corp. | 2,070 | 351 | |
* | Mattel Inc. | 17,394 | 351 |
* | Planet Fitness Inc. Class A | 4,009 | 345 |
* | Digital Turbine Inc. | 4,131 | 341 |
PVH Corp. | 3,401 | 340 | |
* | SiteOne Landscape Supply Inc. | 2,129 | 337 |
* | Capri Holdings Ltd. | 7,133 | 333 |
Polaris Inc. | 2,798 | 329 | |
Sirius XM Holdings Inc. | 55,568 | 325 | |
Tempur Sealy International Inc. | 9,734 | 325 | |
*,1 | GameStop Corp. Class A | 3,174 | 323 |
Thor Industries Inc. | 2,648 | 310 | |
Dolby Laboratories Inc. Class A | 3,162 | 309 | |
Texas Roadhouse Inc. Class A | 3,300 | 300 | |
Toll Brothers Inc. | 5,618 | 300 | |
Hanesbrands Inc. | 16,767 | 297 | |
* | Terminix Global Holdings Inc. | 6,431 | 289 |
Wyndham Hotels & Resorts Inc. | 4,377 | 286 | |
Ralph Lauren Corp. Class A | 2,421 | 283 | |
Nexstar Media Group Inc. Class A | 2,053 | 282 | |
* | BJ's Wholesale Club Holdings Inc. | 6,910 | 278 |
Leggett & Platt Inc. | 6,432 | 278 | |
* | JetBlue Airways Corp. | 15,031 | 277 |
* | YETI Holdings Inc. | 3,928 | 270 |
Harley-Davidson Inc. | 7,380 | 263 | |
* | Fox Factory Holding Corp. | 2,043 | 260 |
Foot Locker Inc. | 5,386 | 259 |
Shares | Market Value ($000) | ||
* | Skechers USA Inc. Class A | 7,014 | 257 |
Sabre Corp. | 16,724 | 246 | |
AMERCO | 425 | 244 | |
Travel + Leisure Co. | 4,040 | 244 | |
* | Crocs Inc. | 3,144 | 241 |
Qurate Retail Inc. Series A | 19,443 | 241 | |
* | Under Armour Inc. Class A | 10,949 | 240 |
* | Grand Canyon Education Inc. | 2,279 | 239 |
* | TripAdvisor Inc. | 4,793 | 238 |
Boyd Gaming Corp. | 3,982 | 234 | |
* | Ollie's Bargain Outlet Holdings Inc. | 2,821 | 233 |
* | Stitch Fix Inc. Class A | 3,030 | 231 |
* | frontdoor Inc. | 4,377 | 229 |
* | AutoNation Inc. | 3,000 | 225 |
Fox Corp. Class B | 7,013 | 224 | |
Gap Inc. | 8,924 | 223 | |
Macy's Inc. | 14,459 | 220 | |
Goodyear Tire & Rubber Co. | 12,987 | 218 | |
TEGNA Inc. | 11,622 | 212 | |
Dick's Sporting Goods Inc. | 2,902 | 207 | |
Nordstrom Inc. | 5,613 | 205 | |
Cracker Barrel Old Country Store Inc. | 1,263 | 196 | |
* | Shake Shack Inc. Class A | 1,650 | 195 |
MDC Holdings Inc. | 3,423 | 194 | |
Wingstop Inc. | 1,399 | 190 | |
Choice Hotels International Inc. | 1,783 | 187 | |
* | Sleep Number Corp. | 1,346 | 185 |
American Eagle Outfitters Inc. | 7,091 | 182 | |
LCI Industries | 1,285 | 181 | |
* | National Vision Holdings Inc. | 3,789 | 180 |
Allegiant Travel Co. Class A | 710 | 179 | |
Bed Bath & Beyond Inc. | 6,562 | 176 | |
H&R Block Inc. | 9,095 | 175 | |
* | Visteon Corp. | 1,377 | 175 |
Carter's Inc. | 2,089 | 174 | |
* | Madison Square Garden Sports Corp. | 903 | 174 |
Wendy's Co. | 8,505 | 174 | |
* | Adient plc | 4,620 | 171 |
KB Home | 4,160 | 168 | |
* | Spirit Airlines Inc. | 4,672 | 168 |
Murphy USA Inc. | 1,327 | 165 | |
* | Under Armour Inc. Class C | 9,055 | 165 |
PROG Holdings Inc. | 3,304 | 165 | |
* | Sonos Inc. | 4,202 | 164 |
* | Taylor Morrison Home Corp. Class A | 5,923 | 163 |
Brinker International Inc. | 2,363 | 162 | |
* | Cardlytics Inc. | 1,226 | 162 |
Dana Inc. | 6,714 | 160 | |
Six Flags Entertainment Corp. | 3,579 | 160 | |
* | Asbury Automotive Group Inc. | 932 | 158 |
* | iRobot Corp. | 1,260 | 156 |
Papa John's International Inc. | 1,717 | 155 | |
* | Gentherm Inc. | 2,161 | 153 |
* | Hilton Grand Vacations Inc. | 3,877 | 153 |
Lennar Corp. Class B | 2,305 | 152 | |
* | Meritage Homes Corp. | 1,760 | 148 |
* | Stamps.com Inc. | 807 | 147 |
* | Avis Budget Group Inc. | 2,634 | 146 |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 3,292 | 146 |
Hyatt Hotels Corp. Class A | 1,628 | 143 | |
Wolverine World Wide Inc. | 4,022 | 141 |
Shares | Market Value ($000) | ||
Steven Madden Ltd. | 3,791 | 140 | |
* | Overstock.com Inc. | 2,081 | 140 |
Callaway Golf Co. | 4,974 | 139 | |
Columbia Sportswear Co. | 1,351 | 139 | |
* | 2U Inc. | 3,437 | 136 |
* | Scientific Games Corp. Class A | 2,877 | 135 |
Extended Stay America Inc. | 8,224 | 132 | |
Copa Holdings SA Class A | 1,445 | 132 | |
Cooper Tire & Rubber Co. | 2,283 | 131 | |
Rent-A-Center Inc. | 2,248 | 130 | |
SkyWest Inc. | 2,308 | 130 | |
Cheesecake Factory Inc. | 2,356 | 129 | |
* | Urban Outfitters Inc. | 3,774 | 128 |
News Corp. Class B | 5,530 | 127 | |
Big Lots Inc. | 1,949 | 124 | |
* | Tri Pointe Homes Inc. | 6,469 | 123 |
Signet Jewelers Ltd. | 2,475 | 123 | |
* | Dorman Products Inc. | 1,221 | 122 |
Group 1 Automotive Inc. | 780 | 119 | |
* | SeaWorld Entertainment Inc. | 2,375 | 118 |
* | Skyline Champion Corp. | 2,663 | 118 |
Rush Enterprises Inc. Class A | 2,757 | 117 | |
John Wiley & Sons Inc. Class A | 2,217 | 117 | |
Jack in the Box Inc. | 1,119 | 115 | |
PriceSmart Inc. | 1,195 | 115 | |
* | Central Garden & Pet Co. Class A | 2,737 | 114 |
* | LGI Homes Inc. | 1,032 | 113 |
Graham Holdings Co. Class B | 186 | 112 | |
Cinemark Holdings Inc. | 4,897 | 110 | |
Strategic Education Inc. | 1,207 | 110 | |
World Wrestling Entertainment Inc. Class A | 2,186 | 108 | |
Winnebago Industries Inc. | 1,488 | 104 | |
Kontoor Brands Inc. | 2,429 | 103 | |
Herman Miller Inc. | 2,663 | 102 | |
* | Madison Square Garden Entertainment Corp. | 949 | 102 |
Coty Inc. Class A | 13,174 | 101 | |
International Game Technology plc | 5,545 | 101 | |
ODP Corp. | 2,569 | 98 | |
Bloomin' Brands Inc. | 3,923 | 97 | |
KAR Auction Services Inc. | 7,007 | 97 | |
Penske Automotive Group Inc. | 1,421 | 97 | |
* | Leslie's Inc. | 4,014 | 97 |
Dave & Buster's Entertainment Inc. | 2,334 | 95 | |
* | Adtalem Global Education Inc. | 2,388 | 94 |
Monro Inc. | 1,431 | 89 | |
Red Rock Resorts Inc. Class A | 2,948 | 89 | |
* | Malibu Boats Inc. Class A | 1,175 | 88 |
* | AMC Networks Inc. Class A | 1,349 | 88 |
* | Knowles Corp. | 4,128 | 86 |
La-Z-Boy Inc. | 1,993 | 85 | |
* | Sally Beauty Holdings Inc. | 5,298 | 85 |
* | RealReal Inc. | 3,321 | 85 |
* | Cavco Industries Inc. | 400 | 84 |
* | Century Communities Inc. | 1,520 | 84 |
* | Glu Mobile Inc. | 6,742 | 84 |
* | Vista Outdoor Inc. | 2,612 | 83 |
* | Clean Energy Fuels Corp. | 6,206 | 81 |
Abercrombie & Fitch Co. Class A | 2,862 | 78 | |
* | Boot Barn Holdings Inc. | 1,286 | 78 |
* | At Home Group Inc. | 2,963 | 75 |
* | Everi Holdings Inc. | 4,943 | 75 |
Shares | Market Value ($000) | ||
Gray Television Inc. | 4,140 | 75 | |
* | Liberty Media Corp.- Liberty Braves Class A | 2,488 | 73 |
* | Laureate Education Inc. Class A | 5,265 | 72 |
* | QuinStreet Inc. | 3,035 | 72 |
HNI Corp. | 1,925 | 69 | |
Sinclair Broadcast Group Inc. Class A | 2,167 | 67 | |
* | Tupperware Brands Corp. | 2,183 | 67 |
* | WW International Inc. | 2,267 | 67 |
* | Lions Gate Entertainment Corp. Class B | 5,074 | 64 |
Acushnet Holdings Corp. | 1,484 | 63 | |
* | Quotient Technology Inc. | 4,639 | 62 |
* | Michaels Cos. Inc. | 4,037 | 61 |
* | G-III Apparel Group Ltd. | 2,040 | 59 |
Inter Parfums Inc. | 807 | 59 | |
Oxford Industries Inc. | 762 | 58 | |
Dine Brands Global Inc. | 725 | 57 | |
Hawaiian Holdings Inc. | 2,144 | 57 | |
* | M/I Homes Inc. | 1,117 | 56 |
Steelcase Inc. Class A | 3,944 | 55 | |
Buckle Inc. | 1,379 | 53 | |
* | elf Beauty Inc. | 2,073 | 53 |
Guess? Inc. | 2,104 | 53 | |
Matthews International Corp. Class A | 1,447 | 52 | |
* | American Axle & Manufacturing Holdings Inc. | 5,267 | 51 |
Children's Place Inc. | 722 | 50 | |
* | Hibbett Sports Inc. | 780 | 50 |
* | Lions Gate Entertainment Corp. Class A | 3,442 | 50 |
Sonic Automotive Inc. Class A | 1,092 | 50 | |
BJ's Restaurants Inc. | 877 | 49 | |
Meredith Corp. | 1,971 | 49 | |
Camping World Holdings Inc. Class A | 1,523 | 48 | |
EW Scripps Co. Class A | 2,528 | 48 | |
Sturm Ruger & Co. Inc. | 708 | 48 | |
* | Imax Corp. | 2,337 | 48 |
Smith & Wesson Brands Inc. | 2,757 | 47 | |
* | Denny's Corp. | 2,643 | 46 |
* | Selectquote Inc. | 1,471 | 45 |
Bally's Corp. | 751 | 45 | |
* | Perdoceo Education Corp. | 3,439 | 44 |
* | GoPro Inc. Class A | 5,781 | 43 |
* | Airbnb Inc. Class A | 209 | 43 |
* | Stride Inc. | 1,808 | 43 |
Standard Motor Products Inc. | 989 | 42 | |
* | iHeartMedia Inc. Class A | 2,912 | 41 |
* | America's Car-Mart Inc. | 300 | 40 |
* | XPEL Inc. | 818 | 40 |
* | MarineMax Inc. | 874 | 39 |
Viad Corp. | 931 | 39 | |
* | Zumiez Inc. | 870 | 39 |
Scholastic Corp. | 1,330 | 38 | |
* | Stoneridge Inc. | 1,247 | 38 |
* | Aaron's Co. Inc. | 1,736 | 38 |
Designer Brands Inc. Class A | 2,979 | 37 | |
* | Universal Electronics Inc. | 633 | 37 |
* | Cars.com Inc. | 3,051 | 36 |
Dillard's Inc. Class A | 456 | 36 | |
Knoll Inc. | 2,226 | 36 | |
* | Purple Innovation Inc. Class A | 976 | 36 |
* | CarParts.com Inc. | 2,046 | 36 |
Citi Trends Inc. | 455 | 35 | |
* | Academy Sports and Outdoors Inc. | 1,441 | 35 |
Shares | Market Value ($000) | ||
* | Monarch Casino & Resort Inc. | 510 | 34 |
* | Corsair Gaming Inc. | 953 | 34 |
* | Lumber Liquidators Holdings Inc. | 1,340 | 33 |
* | MSG Networks Inc. Class A | 1,966 | 33 |
* | 1-800-Flowers.com Inc. Class A | 1,174 | 33 |
Franchise Group Inc. | 953 | 33 | |
* | Fossil Group Inc. | 2,115 | 32 |
Interface Inc. Class A | 2,572 | 32 | |
* | VOXX International Corp. Class A | 1,524 | 32 |
* | Chuy's Holdings Inc. | 762 | 31 |
* | Sportsman's Warehouse Holdings Inc. | 1,801 | 31 |
Haverty Furniture Cos. Inc. | 843 | 30 | |
* | Houghton Mifflin Harcourt Co. | 4,943 | 30 |
Ruth's Hospitality Group Inc. | 1,298 | 30 | |
Caleres Inc. | 1,806 | 29 | |
* | Genesco Inc. | 656 | 29 |
* | Nautilus Inc. | 1,504 | 28 |
RCI Hospitality Holdings Inc. | 442 | 28 | |
Carriage Services Inc. Class A | 812 | 27 | |
* | Cooper-Standard Holdings Inc. | 747 | 27 |
Ethan Allen Interiors Inc. | 1,055 | 27 | |
* | Tenneco Inc. Class A | 2,412 | 27 |
Gannett Co. Inc. | 5,491 | 27 | |
Johnson Outdoors Inc. Class A | 212 | 26 | |
Winmark Corp. | 150 | 26 | |
* | Eros International plc | 14,036 | 26 |
* | Beazer Homes USA Inc. | 1,425 | 25 |
* | Green Brick Partners Inc. | 1,257 | 25 |
National Presto Industries Inc. | 241 | 25 | |
* | Accel Entertainment Inc. Class A | 2,256 | 25 |
Entercom Communications Corp. Class A | 5,480 | 24 | |
* | Lindblad Expeditions Holdings Inc. | 1,104 | 23 |
* | Lovesac Co. | 402 | 23 |
Shoe Carnival Inc. | 462 | 23 | |
OneSpaWorld Holdings Ltd. | 2,075 | 23 | |
* | Liberty Media Corp.- Liberty Braves Class C | 760 | 22 |
* | Master Craft Boat Holdings Inc. | 868 | 22 |
Kimball International Inc. Class B | 1,634 | 21 | |
* | Turtle Beach Corp. | 707 | 21 |
AMC Entertainment Holdings Inc. Class A | 2,586 | 21 | |
* | American Public Education Inc. | 672 | 20 |
* | Golden Entertainment Inc. | 831 | 20 |
* | Liberty TripAdvisor Holdings Inc. Class A | 3,517 | 20 |
* | Boston Omaha Corp. Class A | 444 | 19 |
Escalade Inc. | 943 | 19 | |
* | Liquidity Services Inc. | 1,227 | 19 |
Marcus Corp. | 986 | 19 | |
Systemax Inc. | 528 | 19 | |
* | Akoustis Technologies Inc. | 1,231 | 18 |
* | El Pollo Loco Holdings Inc. | 986 | 18 |
Hooker Furniture Corp. | 521 | 18 | |
* | Lands' End Inc. | 541 | 18 |
* | Liberty Media Corp.- Liberty Formula One Class A | 474 | 18 |
* | Motorcar Parts of America Inc. | 855 | 18 |
* | Red Robin Gourmet Burgers Inc. | 573 | 18 |
Clarus Corp. | 973 | 17 | |
* | Daily Journal Corp. | 46 | 16 |
Movado Group Inc. | 690 | 16 | |
* | Fiesta Restaurant Group Inc. | 999 | 15 |
Cato Corp. Class A | 1,098 | 14 | |
* | Conn's Inc. | 963 | 14 |
Shares | Market Value ($000) | ||
* | Container Store Group Inc. | 911 | 14 |
Del Taco Restaurants Inc. | 1,417 | 14 | |
* | Funko Inc. Class A | 1,047 | 14 |
* | OneWater Marine Inc. Class A | 384 | 14 |
* | American Outdoor Brands Inc. | 689 | 14 |
Chico's FAS Inc. | 4,986 | 13 | |
National CineMedia Inc. | 2,831 | 13 | |
Rocky Brands Inc. | 296 | 13 | |
Tribune Publishing Co. | 780 | 13 | |
* | Century Casinos Inc. | 1,431 | 12 |
* | Mesa Air Group Inc. | 961 | 12 |
* | Regis Corp. | 1,046 | 12 |
Superior Group of Cos. Inc. | 523 | 12 | |
* | Tilly's Inc. Class A | 1,153 | 12 |
* | Lakeland Industries Inc. | 395 | 12 |
* | Noodles & Co. Class A | 1,193 | 11 |
* | PlayAGS Inc. | 1,339 | 11 |
Marine Products Corp. | 684 | 11 | |
* | Alta Equipment Group Inc. | 1,007 | 11 |
* | Carrols Restaurant Group Inc. | 1,595 | 10 |
Entravision Communications Corp. Class A | 3,094 | 10 | |
* | Fluent Inc. | 1,630 | 10 |
* | Vera Bradley Inc. | 1,033 | 10 |
* | Central Garden & Pet Co. | 202 | 9 |
* | Aspen Group Inc. | 977 | 9 |
* | Universal Technical Institute Inc. | 1,543 | 9 |
Bluegreen Vacations Holding Class A | 562 | 9 | |
* | Express Inc. | 2,792 | 8 |
Nathan's Famous Inc. | 141 | 8 | |
* | Casper Sleep Inc. | 986 | 8 |
Lifetime Brands Inc. | 528 | 7 | |
* | Duluth Holdings Inc. Class B | 427 | 6 |
* | LiveXLive Media Inc. | 1,466 | 6 |
Emerald Holding Inc. | 1,078 | 6 | |
* | Playtika Holding Corp. | 201 | 6 |
Hamilton Beach Brands Holding Co. Class A | 282 | 5 | |
Weyco Group Inc. | 274 | 5 | |
* | Kura Sushi USA Inc. Class A | 174 | 5 |
* | Petco Health & Wellness Co. Inc. | 229 | 5 |
* | Biglari Holdings Inc. Class B | 37 | 4 |
* | Gaia Inc. Class A | 465 | 4 |
* | Radius Global Infrastructure Inc. Class A | 358 | 4 |
Saga Communications Inc. Class A | 172 | 4 | |
* | Legacy Housing Corp. | 255 | 4 |
Bluegreen Vacations Corp. | 351 | 3 | |
* | ContextLogic Inc. Class A | 171 | 3 |
* | Driven Brands Holdings Inc. | 100 | 3 |
321,124 | |||
Consumer Staples (4.8%) | |||
Procter & Gamble Co. | 121,064 | 14,955 | |
Coca-Cola Co. | 192,649 | 9,438 | |
PepsiCo Inc. | 69,032 | 8,918 | |
Philip Morris International Inc. | 77,781 | 6,535 | |
CVS Health Corp. | 65,370 | 4,454 | |
Altria Group Inc. | 92,739 | 4,043 | |
Mondelez International Inc. Class A | 70,769 | 3,762 | |
Colgate-Palmolive Co. | 42,233 | 3,176 | |
Kimberly-Clark Corp. | 17,007 | 2,183 | |
Sysco Corp. | 24,378 | 1,941 | |
Walgreens Boots Alliance Inc. | 36,428 | 1,746 | |
Constellation Brands Inc. Class A | 8,035 | 1,721 |
Shares | Market Value ($000) | ||
Corteva Inc. | 37,399 | 1,689 | |
General Mills Inc. | 30,359 | 1,670 | |
* | Monster Beverage Corp. | 18,549 | 1,628 |
Archer-Daniels-Midland Co. | 27,985 | 1,583 | |
McKesson Corp. | 8,132 | 1,379 | |
Kroger Co. | 38,912 | 1,253 | |
Kraft Heinz Co. | 32,549 | 1,184 | |
Clorox Co. | 6,204 | 1,123 | |
Hershey Co. | 7,338 | 1,069 | |
McCormick & Co. Inc. | 12,213 | 1,029 | |
Church & Dwight Co. Inc. | 12,201 | 961 | |
Tyson Foods Inc. Class A | 14,177 | 959 | |
Conagra Brands Inc. | 23,919 | 812 | |
AmerisourceBergen Corp. Class A | 7,150 | 724 | |
Kellogg Co. | 12,406 | 716 | |
Keurig Dr Pepper Inc. | 22,078 | 674 | |
Hormel Foods Corp. | 13,654 | 633 | |
Brown-Forman Corp. Class B | 8,822 | 632 | |
J M Smucker Co. | 5,628 | 630 | |
Lamb Weston Holdings Inc. | 7,253 | 579 | |
Bunge Ltd. | 6,609 | 506 | |
* | Darling Ingredients Inc. | 7,927 | 500 |
* | Boston Beer Co. Inc. Class A | 448 | 461 |
Campbell Soup Co. | 9,564 | 435 | |
* | U.S. Foods Holding Corp | 10,716 | 391 |
Molson Coors Beverage Co. Class B | 8,773 | 390 | |
* | Beyond Meat Inc. | 2,593 | 377 |
* | Performance Food Group Co. | 6,654 | 361 |
Casey's General Stores Inc. | 1,783 | 360 | |
Ingredion Inc. | 3,459 | 312 | |
* | Freshpet Inc. | 1,974 | 308 |
* | Post Holdings Inc. | 3,184 | 306 |
* | Helen of Troy Ltd. | 1,287 | 279 |
WD-40 Co. | 698 | 218 | |
Flowers Foods Inc. | 9,340 | 203 | |
* | Herbalife Nutrition Ltd. | 4,476 | 201 |
* | Hain Celestial Group Inc. | 4,294 | 181 |
Spectrum Brands Holdings Inc. | 2,129 | 165 | |
Lancaster Colony Corp. | 927 | 162 | |
Brown-Forman Corp. Class A | 2,320 | 155 | |
* | TreeHouse Foods Inc. | 3,076 | 154 |
Medifast Inc. | 603 | 153 | |
Sanderson Farms Inc. | 955 | 146 | |
* | Grocery Outlet Holding Corp. | 3,836 | 138 |
Nu Skin Enterprises Inc. Class A | 2,515 | 129 | |
* | Simply Good Foods Co. | 4,152 | 121 |
* | Sprouts Farmers Market Inc. | 5,723 | 121 |
Energizer Holdings Inc. | 2,853 | 119 | |
* | Celsius Holdings Inc. | 1,872 | 111 |
J & J Snack Foods Corp. | 685 | 109 | |
Primo Water Corp. | 7,388 | 106 | |
* | Hostess Brands Inc. Class A | 6,325 | 91 |
B&G Foods Inc. | 2,910 | 88 | |
Vector Group Ltd. | 6,023 | 82 | |
* | Cal-Maine Foods Inc. | 2,079 | 79 |
* | United Natural Foods Inc. | 2,844 | 75 |
Edgewell Personal Care Co. | 2,415 | 74 | |
* | GrowGeneration Corp. | 1,617 | 74 |
Core-Mark Holding Co. Inc. | 1,995 | 65 | |
Calavo Growers Inc. | 826 | 62 | |
Reynolds Consumer Products Inc. | 2,134 | 59 |
Shares | Market Value ($000) | ||
* | Chefs' Warehouse Inc. | 1,871 | 58 |
* | USANA Health Sciences Inc. | 588 | 57 |
* | Pilgrim's Pride Corp. | 2,452 | 55 |
Coca-Cola Consolidated Inc. | 210 | 54 | |
National Beverage Corp. | 1,132 | 54 | |
Universal Corp. | 1,009 | 51 | |
* | Rite Aid Corp. | 2,526 | 49 |
* | BellRing Brands Inc. Class A | 1,826 | 42 |
Turning Point Brands Inc. | 839 | 41 | |
Seaboard Corp. | 12 | 40 | |
MGP Ingredients Inc. | 616 | 39 | |
PetMed Express Inc. | 1,065 | 37 | |
Fresh Del Monte Produce Inc. | 1,449 | 37 | |
Andersons Inc. | 1,392 | 36 | |
ACCO Brands Corp. | 4,402 | 36 | |
* | Veru Inc. | 2,628 | 36 |
Ingles Markets Inc. Class A | 679 | 35 | |
John B Sanfilippo & Son Inc. | 395 | 34 | |
Albertsons Cos. Inc. Class A | 2,014 | 33 | |
Weis Markets Inc. | 588 | 31 | |
SpartanNash Co. | 1,612 | 29 | |
Tootsie Roll Industries Inc. | 772 | 24 | |
* | Vital Farms Inc. | 876 | 24 |
* | Seneca Foods Corp. Class A | 280 | 15 |
* | Landec Corp. | 1,164 | 13 |
* | HF Foods Group Inc. | 1,690 | 12 |
Limoneira Co. | 661 | 10 | |
Oil-Dri Corp. of America | 226 | 8 | |
Village Super Market Inc. Class A | 353 | 8 | |
* | NewAge Inc. | 2,986 | 8 |
Natural Grocers by Vitamin Cottage Inc. | 516 | 7 | |
* | Nature's Sunshine Products Inc. | 392 | 6 |
* | Calyxt Inc. | 501 | 5 |
* | Lifevantage Corp. | 521 | 5 |
Alico Inc. | 182 | 5 | |
* | Farmer Bros Co. | 505 | 4 |
* | Mission Produce Inc. | 108 | 2 |
* | Bridgford Foods Corp. | 96 | 1 |
93,267 | |||
Energy (2.8%) | |||
Exxon Mobil Corp. | 211,331 | 11,490 | |
Chevron Corp. | 96,121 | 9,612 | |
ConocoPhillips | 68,176 | 3,546 | |
Schlumberger NV | 70,757 | 1,975 | |
EOG Resources Inc. | 29,350 | 1,895 | |
Phillips 66 | 21,995 | 1,827 | |
Marathon Petroleum Corp. | 32,517 | 1,776 | |
Valero Energy Corp. | 20,500 | 1,578 | |
Pioneer Natural Resources Co. | 10,116 | 1,503 | |
Kinder Morgan Inc. | 96,428 | 1,418 | |
Williams Cos. Inc. | 60,909 | 1,391 | |
Occidental Petroleum Corp. | 42,369 | 1,127 | |
ONEOK Inc. | 22,328 | 989 | |
* | Plug Power Inc. | 19,473 | 942 |
Halliburton Co. | 42,936 | 937 | |
* | Enphase Energy Inc. | 5,188 | 913 |
Hess Corp. | 13,535 | 887 | |
Baker Hughes Co. Class A | 32,032 | 784 | |
* | Cheniere Energy Inc. | 11,417 | 769 |
* | SolarEdge Technologies Inc. | 2,450 | 731 |
Devon Energy Corp. | 31,567 | 680 |
Shares | Market Value ($000) | ||
Diamondback Energy Inc. | 8,021 | 556 | |
Marathon Oil Corp. | 37,850 | 420 | |
* | First Solar Inc. | 4,553 | 369 |
Cabot Oil & Gas Corp. | 19,791 | 366 | |
Targa Resources Corp. | 10,988 | 340 | |
NOV Inc. | 20,215 | 305 | |
Ovintiv Inc. (XNYS) | 12,371 | 285 | |
Cimarex Energy Co. | 4,743 | 275 | |
HollyFrontier Corp. | 7,061 | 268 | |
EQT Corp. | 13,635 | 243 | |
* | FuelCell Energy Inc. | 14,327 | 243 |
* | PDC Energy Inc. | 5,326 | 186 |
* | ChampionX Corp. | 8,514 | 181 |
Arcosa Inc. | 2,723 | 155 | |
Helmerich & Payne Inc. | 5,215 | 150 | |
* | Renewable Energy Group Inc. | 1,857 | 144 |
Equitrans Midstream Corp. | 19,379 | 140 | |
* | CNX Resources Corp. | 10,864 | 137 |
* | SunPower Corp. | 3,922 | 136 |
* | Southwestern Energy Co. | 32,076 | 130 |
Antero Midstream Corp. | 13,609 | 120 | |
* | Array Technologies Inc. | 3,109 | 115 |
Murphy Oil Corp. | 6,627 | 108 | |
* | Antero Resources Corp. | 11,875 | 107 |
Matador Resources Co. | 5,077 | 106 | |
Continental Resources Inc. | 4,143 | 100 | |
* | Transocean Ltd. | 27,547 | 96 |
* | Range Resources Corp. | 9,797 | 94 |
World Fuel Services Corp. | 2,931 | 91 | |
* | TPI Composites Inc. | 1,750 | 83 |
Cactus Inc. Class A | 2,579 | 82 | |
* | Magnolia Oil & Gas Corp. Class A | 6,487 | 78 |
* | Ameresco Inc. Class A | 1,318 | 75 |
Delek US Holdings Inc. | 3,015 | 74 | |
Archrock Inc. | 7,111 | 73 | |
SM Energy Co. | 5,110 | 71 | |
PBF Energy Inc. Class A | 4,775 | 68 | |
Kosmos Energy Ltd. | 21,877 | 67 | |
Patterson-UTI Energy Inc. | 8,865 | 66 | |
* | Dril-Quip Inc. | 1,735 | 59 |
* | Oceaneering International Inc. | 4,683 | 55 |
* | NOW Inc. | 4,997 | 53 |
Golar LNG Ltd. | 4,557 | 52 | |
Liberty Oilfield Services Inc. Class A | 4,173 | 49 | |
Warrior Met Coal Inc. | 2,358 | 45 | |
* | ProPetro Holding Corp. | 3,550 | 41 |
* | Frank's International NV | 9,069 | 41 |
DMC Global Inc. | 627 | 40 | |
* | Green Plains Inc. | 1,580 | 40 |
* | NexTier Oilfield Solutions Inc. | 7,571 | 35 |
Nabors Industries Ltd. | 315 | 35 | |
Arch Resources Inc. | 730 | 35 | |
* | Tellurian Inc. | 10,457 | 32 |
* | Helix Energy Solutions Group Inc. | 6,369 | 31 |
* | MRC Global Inc. | 3,521 | 31 |
CVR Energy Inc. | 1,359 | 30 | |
* | Par Pacific Holdings Inc. | 1,583 | 28 |
* | American Superconductor Corp. | 1,127 | 27 |
* | Bonanza Creek Energy Inc. | 855 | 27 |
Solaris Oilfield Infrastructure Inc. Class A | 2,249 | 27 | |
* | REX American Resources Corp. | 239 | 23 |
Shares | Market Value ($000) | ||
Brigham Minerals Inc. Class A | 1,521 | 22 | |
SunCoke Energy Inc. | 3,396 | 22 | |
* | Contango Oil & Gas Co. | 4,537 | 22 |
* | Oil States International Inc. | 2,811 | 21 |
* | Tidewater Inc. | 1,721 | 21 |
* | Select Energy Services Inc. Class A | 2,683 | 17 |
* | Maxeon Solar Technologies Ltd. | 506 | 17 |
* | Matrix Service Co. | 1,179 | 16 |
* | RPC Inc. | 2,494 | 16 |
* | Trecora Resources | 2,311 | 16 |
Berry Corp. | 2,941 | 15 | |
* | Newpark Resources Inc. | 4,225 | 15 |
* | W&T Offshore Inc. | 4,405 | 15 |
* | National Energy Services Reunited Corp. | 1,148 | 15 |
* | Shoals Technologies Group Inc. Class A | 421 | 14 |
* | CONSOL Energy Inc. | 1,183 | 13 |
* | Peabody Energy Corp. | 2,864 | 12 |
* | Talos Energy Inc. | 965 | 10 |
* | Exterran Corp. | 1,475 | 8 |
* | Penn Virginia Corp. | 575 | 8 |
* | Earthstone Energy Inc. Class A | 958 | 7 |
Falcon Minerals Corp. | 1,756 | 7 | |
* | Bristow Group Inc. | 238 | 6 |
Evolution Petroleum Corp. | 1,382 | 5 | |
NACCO Industries Inc. Class A | 190 | 5 | |
* | Comstock Resources Inc. | 667 | 4 |
* | Goodrich Petroleum Corp. | 444 | 4 |
* | Whiting Petroleum Corp. | 66 | 2 |
* | PrimeEnergy Resources Corp. | 28 | 1 |
54,665 | |||
Financials (11.1%) | |||
* | Berkshire Hathaway Inc. Class B | 93,627 | 22,518 |
JPMorgan Chase & Co. | 150,921 | 22,211 | |
Bank of America Corp. | 385,454 | 13,379 | |
Citigroup Inc. | 103,963 | 6,849 | |
Wells Fargo & Co. | 187,451 | 6,780 | |
Goldman Sachs Group Inc. | 16,528 | 5,280 | |
Morgan Stanley | 66,488 | 5,111 | |
BlackRock Inc. | 7,336 | 5,095 | |
Charles Schwab Corp. | 68,713 | 4,241 | |
S&P Global Inc. | 12,011 | 3,956 | |
Truist Financial Corp. | 67,062 | 3,820 | |
Chubb Ltd. | 22,439 | 3,648 | |
PNC Financial Services Group Inc. | 21,216 | 3,572 | |
CME Group Inc. | 17,726 | 3,540 | |
U.S. Bancorp | 68,059 | 3,403 | |
Intercontinental Exchange Inc. | 27,678 | 3,053 | |
Marsh & McLennan Cos. Inc. | 25,317 | 2,917 | |
Aon plc Class A | 11,258 | 2,564 | |
Progressive Corp. | 29,053 | 2,497 | |
MetLife Inc. | 38,655 | 2,227 | |
Moody's Corp. | 8,082 | 2,222 | |
American International Group Inc. | 43,389 | 1,907 | |
Travelers Cos. Inc. | 12,606 | 1,834 | |
T Rowe Price Group Inc. | 11,285 | 1,830 | |
IHS Markit Ltd. | 19,868 | 1,791 | |
Prudential Financial Inc. | 20,006 | 1,735 | |
Bank of New York Mellon Corp. | 40,072 | 1,689 | |
MSCI Inc. Class A | 4,063 | 1,684 | |
Aflac Inc. | 34,861 | 1,669 | |
Allstate Corp. | 15,194 | 1,620 |
Shares | Market Value ($000) | ||
Discover Financial Services | 15,507 | 1,459 | |
Willis Towers Watson plc | 6,422 | 1,417 | |
First Republic Bank | 8,503 | 1,401 | |
Ameriprise Financial Inc. | 5,940 | 1,314 | |
* | SVB Financial Group | 2,584 | 1,306 |
State Street Corp. | 17,709 | 1,289 | |
KKR & Co. Inc. | 27,286 | 1,243 | |
Fifth Third Bancorp | 35,018 | 1,215 | |
Arthur J Gallagher & Co. | 9,527 | 1,141 | |
MarketAxess Holdings Inc. | 1,813 | 1,008 | |
Regions Financial Corp. | 46,978 | 969 | |
KeyCorp. | 47,570 | 958 | |
M&T Bank Corp. | 6,313 | 953 | |
Citizens Financial Group Inc. | 20,904 | 908 | |
Northern Trust Corp. | 9,469 | 901 | |
Hartford Financial Services Group Inc. | 17,639 | 894 | |
Broadridge Financial Solutions Inc. | 5,621 | 801 | |
Nasdaq Inc. | 5,627 | 778 | |
Huntington Bancshares Inc. | 49,764 | 763 | |
Principal Financial Group Inc. | 13,468 | 762 | |
Ally Financial Inc. | 18,277 | 759 | |
* | Markel Corp. | 690 | 751 |
Cincinnati Financial Corp. | 7,422 | 726 | |
* | Arch Capital Group Ltd. | 20,046 | 718 |
Raymond James Financial Inc. | 6,073 | 709 | |
Signature Bank | 2,706 | 591 | |
Equitable Holdings Inc. | 19,698 | 582 | |
Annaly Capital Management Inc. | 68,451 | 569 | |
FactSet Research Systems Inc. | 1,868 | 568 | |
Loews Corp. | 11,578 | 554 | |
Lincoln National Corp. | 9,440 | 537 | |
Brown & Brown Inc. | 11,473 | 527 | |
Fidelity National Financial Inc. | 13,765 | 527 | |
Cboe Global Markets Inc. | 5,265 | 521 | |
LPL Financial Holdings Inc. | 3,845 | 506 | |
W R Berkley Corp. | 7,161 | 496 | |
East West Bancorp Inc. | 6,833 | 493 | |
Everest Re Group Ltd. | 2,019 | 488 | |
Comerica Inc. | 6,968 | 475 | |
Globe Life Inc. | 5,040 | 471 | |
Western Alliance Bancorp | 4,869 | 446 | |
Alleghany Corp. | 669 | 432 | |
First Horizon Corp. | 26,452 | 429 | |
AGNC Investment Corp. | 26,779 | 429 | |
Apollo Global Management Inc. Class A | 8,459 | 418 | |
Invesco Ltd. | 18,521 | 415 | |
RenaissanceRe Holdings Ltd. | 2,486 | 415 | |
Zions Bancorp NA | 7,783 | 414 | |
Eaton Vance Corp. | 5,647 | 413 | |
Reinsurance Group of America Inc. | 3,303 | 404 | |
Commerce Bancshares Inc. | 5,137 | 380 | |
American Financial Group Inc. | 3,544 | 378 | |
Voya Financial Inc. | 6,129 | 369 | |
People's United Financial Inc. | 20,395 | 366 | |
Assurant Inc. | 2,889 | 356 | |
Franklin Resources Inc. | 13,135 | 344 | |
Jefferies Financial Group Inc. | 11,218 | 326 | |
TCF Financial Corp. | 7,261 | 325 | |
Prosperity Bancshares Inc. | 4,408 | 324 | |
SEI Investments Co. | 5,697 | 319 | |
Affiliated Managers Group Inc. | 2,252 | 315 |
Shares | Market Value ($000) | ||
First Financial Bankshares Inc. | 6,887 | 308 | |
Pinnacle Financial Partners Inc. | 3,731 | 303 | |
Stifel Financial Corp. | 4,960 | 303 | |
Starwood Property Trust Inc. | 13,189 | 301 | |
Synovus Financial Corp. | 7,116 | 301 | |
Tradeweb Markets Inc. Class A | 4,113 | 299 | |
Cullen/Frost Bankers Inc. | 2,820 | 294 | |
Erie Indemnity Co. Class A | 1,204 | 291 | |
SLM Corp. | 18,001 | 284 | |
South State Corp. | 3,512 | 277 | |
New York Community Bancorp Inc. | 22,593 | 276 | |
Popular Inc. | 4,123 | 276 | |
First American Financial Corp. | 5,242 | 275 | |
Unum Group | 10,380 | 275 | |
Interactive Brokers Group Inc. Class A | 3,756 | 272 | |
Primerica Inc. | 1,903 | 269 | |
Old Republic International Corp. | 13,811 | 267 | |
Glacier Bancorp Inc. | 4,858 | 263 | |
Ares Management Corp. Class A | 5,040 | 262 | |
* | Athene Holding Ltd. Class A | 5,644 | 257 |
Bank OZK | 6,216 | 256 | |
Evercore Inc. Class A | 1,998 | 239 | |
Morningstar Inc. | 1,056 | 237 | |
First Citizens BancShares Inc. Class A | 317 | 234 | |
Valley National Bancorp | 18,966 | 232 | |
Webster Financial Corp. | 4,168 | 231 | |
CIT Group Inc. | 4,978 | 226 | |
Kemper Corp. | 2,989 | 226 | |
United Bankshares Inc. | 5,947 | 220 | |
RLI Corp. | 2,066 | 216 | |
Essent Group Ltd. | 5,222 | 215 | |
MGIC Investment Corp. | 17,451 | 213 | |
Axis Capital Holdings Ltd. | 4,215 | 213 | |
PacWest Bancorp | 5,826 | 211 | |
* | Texas Capital Bancshares Inc. | 2,684 | 205 |
Hanover Insurance Group Inc. | 1,756 | 203 | |
New Residential Investment Corp. | 19,609 | 202 | |
Wintrust Financial Corp. | 2,736 | 202 | |
White Mountains Insurance Group Ltd. | 168 | 201 | |
Carlyle Group Inc. | 5,869 | 201 | |
Sterling Bancorp | 9,035 | 197 | |
Lazard Ltd. Class A | 5,099 | 197 | |
Selective Insurance Group Inc. | 2,890 | 196 | |
First Hawaiian Inc. | 6,750 | 188 | |
Blackstone Mortgage Trust Inc. Class A | 6,406 | 187 | |
Radian Group Inc. | 9,098 | 186 | |
Community Bank System Inc. | 2,592 | 185 | |
Kinsale Capital Group Inc. | 1,021 | 180 | |
Bank of Hawaii Corp. | 2,035 | 178 | |
* | Credit Acceptance Corp. | 478 | 174 |
Assured Guaranty Ltd. | 3,904 | 173 | |
BankUnited Inc. | 4,270 | 172 | |
Home BancShares Inc. | 7,041 | 172 | |
FNB Corp. | 14,492 | 171 | |
Pacific Premier Bancorp Inc. | 4,211 | 170 | |
* | Brighthouse Financial Inc. | 4,238 | 169 |
CNO Financial Group Inc. | 7,011 | 169 | |
OneMain Holdings Inc. | 3,610 | 169 | |
Umpqua Holdings Corp. | 9,880 | 169 | |
Houlihan Lokey Inc. Class A | 2,647 | 168 | |
UMB Financial Corp. | 1,943 | 164 |
Shares | Market Value ($000) | ||
* | Cannae Holdings Inc. | 4,343 | 162 |
Hancock Whitney Corp. | 4,256 | 161 | |
Investors Bancorp Inc. | 12,006 | 160 | |
Ameris Bancorp | 3,286 | 157 | |
* | eXp World Holdings Inc. | 2,596 | 157 |
Walker & Dunlop Inc. | 1,531 | 153 | |
Associated Banc-Corp. | 7,498 | 151 | |
* | LendingTree Inc. | 548 | 147 |
Simmons First National Corp. Class A | 5,029 | 147 | |
Cadence BanCorp. Class A | 7,011 | 144 | |
Columbia Banking System Inc. | 3,245 | 144 | |
* | Trupanion Inc. | 1,492 | 144 |
Eastern Bankshares Inc. | 8,146 | 143 | |
Hamilton Lane Inc. Class A | 1,591 | 142 | |
Old National Bancorp | 7,538 | 137 | |
BOK Financial Corp. | 1,584 | 136 | |
FirstCash Inc. | 2,151 | 136 | |
Artisan Partners Asset Management Inc. Class A | 2,832 | 135 | |
Independent Bank Group Inc. | 1,941 | 135 | |
American Equity Investment Life Holding Co. | 4,861 | 134 | |
First Commonwealth Financial Corp. | 10,016 | 134 | |
* | Enstar Group Ltd. | 631 | 134 |
BancorpSouth Bank | 4,431 | 133 | |
Atlantic Union Bankshares Corp. | 3,578 | 131 | |
Hilltop Holdings Inc. | 3,916 | 129 | |
CVB Financial Corp. | 5,980 | 128 | |
Independent Bank Corp. (XNGS) | 1,502 | 128 | |
PennyMac Financial Services Inc. | 2,165 | 128 | |
*,1 | Rocket Cos. Inc. Class A | 5,806 | 127 |
Moelis & Co. Class A | 2,420 | 125 | |
* | Mr Cooper Group Inc. | 3,970 | 125 |
Two Harbors Investment Corp. | 17,124 | 124 | |
Cathay General Bancorp | 3,265 | 123 | |
Hope Bancorp Inc. | 9,243 | 122 | |
WSFS Financial Corp. | 2,281 | 121 | |
Chimera Investment Corp. | 10,434 | 120 | |
First Midwest Bancorp Inc. | 6,088 | 120 | |
* | Axos Financial Inc. | 2,563 | 119 |
United Community Banks Inc. | 3,569 | 118 | |
Federated Hermes Inc. | 4,340 | 116 | |
First Busey Corp. | 5,084 | 116 | |
1st Source Corp. | 2,555 | 113 | |
International Bancshares Corp. | 2,572 | 112 | |
Fulton Financial Corp. | 7,107 | 110 | |
* | NMI Holdings Inc. Class A | 4,800 | 110 |
Navient Corp. | 8,882 | 110 | |
Flagstar Bancorp Inc. | 2,506 | 109 | |
* | Silvergate Capital Corp. Class A | 843 | 108 |
Washington Federal Inc. | 3,527 | 107 | |
Virtus Investment Partners Inc. | 419 | 105 | |
ServisFirst Bancshares Inc. | 2,100 | 104 | |
First BanCorp. | 9,860 | 103 | |
Arbor Realty Trust Inc. | 6,068 | 101 | |
Brookline Bancorp Inc. | 7,070 | 101 | |
First Merchants Corp. | 2,398 | 101 | |
Towne Bank | 3,513 | 101 | |
Renasant Corp. | 2,557 | 100 | |
* | Lemonade Inc. | 795 | 100 |
First Financial Bancorp | 4,306 | 97 | |
PennyMac Mortgage Investment Trust | 5,132 | 97 | |
Santander Consumer USA Holdings Inc. | 3,766 | 94 |
Shares | Market Value ($000) | ||
WesBanco Inc. | 2,890 | 93 | |
Apollo Commercial Real Estate Finance Inc. | 6,879 | 91 | |
Goosehead Insurance Inc. Class A | 701 | 91 | |
* | Palomar Holdings Inc. | 1,066 | 91 |
Bank of NT Butterfield & Son Ltd. | 2,489 | 91 | |
Lakeland Bancorp Inc. | 5,707 | 89 | |
Live Oak Bancshares Inc. | 1,614 | 89 | |
FB Financial Corp. | 2,079 | 88 | |
Northwest Bancshares Inc. | 6,185 | 87 | |
OceanFirst Financial Corp. | 3,988 | 87 | |
Park National Corp. | 703 | 87 | |
Piper Sandler Cos. | 816 | 87 | |
* | Seacoast Banking Corp. of Florida | 2,424 | 87 |
Trustmark Corp. | 2,878 | 87 | |
* | Focus Financial Partners Inc. Class A | 1,756 | 83 |
MFA Financial Inc. | 20,632 | 83 | |
Provident Financial Services Inc. | 4,013 | 81 | |
Waddell & Reed Financial Inc. Class A | 3,243 | 81 | |
PJT Partners Inc. Class A | 1,142 | 80 | |
* | Triumph Bancorp Inc. | 1,044 | 80 |
Lakeland Financial Corp. | 1,141 | 79 | |
Westamerica BanCorp. | 1,296 | 78 | |
Virtu Financial Inc. Class A | 2,830 | 77 | |
First Interstate BancSystem Inc. Class A | 1,680 | 76 | |
* | PRA Group Inc. | 2,066 | 76 |
Peoples Bancorp Inc. | 2,456 | 76 | |
Banner Corp. | 1,424 | 74 | |
Cohen & Steers Inc. | 1,145 | 74 | |
Eagle Bancorp Inc. | 1,522 | 74 | |
Heartland Financial USA Inc. | 1,572 | 73 | |
Stewart Information Services Corp. | 1,549 | 73 | |
Capitol Federal Financial Inc. | 5,398 | 72 | |
* | Genworth Financial Inc. Class A | 22,997 | 72 |
Horace Mann Educators Corp. | 1,830 | 71 | |
Mercury General Corp. | 1,224 | 71 | |
Meta Financial Group Inc. | 1,609 | 71 | |
Sandy Spring Bancorp Inc. | 1,891 | 71 | |
* | eHealth Inc. | 1,170 | 70 |
Great Western Bancorp Inc. | 2,564 | 69 | |
Veritex Holdings Inc. | 2,335 | 68 | |
iStar Inc. | 3,794 | 67 | |
Independent Bank Corp. | 3,235 | 67 | |
New York Mortgage Trust Inc. | 15,968 | 67 | |
ConnectOne Bancorp Inc. | 2,857 | 66 | |
Argo Group International Holdings Ltd. | 1,433 | 66 | |
B Riley Financial Inc. | 992 | 65 | |
S&T Bancorp Inc. | 2,237 | 65 | |
BGC Partners Inc. Class A | 13,954 | 63 | |
* | Third Point Reinsurance Ltd. | 6,179 | 63 |
Origin Bancorp Inc. | 1,795 | 62 | |
ProAssurance Corp. | 2,514 | 62 | |
James River Group Holdings Ltd. | 1,347 | 62 | |
NBT Bancorp Inc. | 1,657 | 60 | |
Macatawa Bank Corp. | 6,835 | 60 | |
Broadmark Realty Capital Inc. | 5,815 | 60 | |
CNA Financial Corp. | 1,363 | 58 | |
Arrow Financial Corp. | 1,794 | 57 | |
BancFirst Corp. | 893 | 57 | |
Ladder Capital Corp. Class A | 4,899 | 56 | |
Brightsphere Investment Group Inc. | 3,102 | 56 | |
* | BRP Group Inc. Class A | 2,118 | 56 |
Shares | Market Value ($000) | ||
ARMOUR Residential REIT Inc. | 4,567 | 55 | |
First Bancorp | 1,362 | 55 | |
Stock Yards Bancorp Inc. | 1,117 | 55 | |
Nelnet Inc. Class A | 739 | 54 | |
Redwood Trust Inc. | 5,487 | 54 | |
TriCo Bancshares | 1,261 | 54 | |
Premier Financial Corp. | 1,756 | 54 | |
Boston Private Financial Holdings Inc. | 3,878 | 53 | |
City Holding Co. | 688 | 52 | |
Southside Bancshares Inc. | 1,499 | 52 | |
First Bancorp Inc. (XNMS) | 1,590 | 51 | |
National Bank Holdings Corp. Class A | 1,324 | 51 | |
Tompkins Financial Corp. | 662 | 51 | |
Employers Holdings Inc. | 1,505 | 50 | |
Safety Insurance Group Inc. | 630 | 50 | |
United Fire Group Inc. | 1,712 | 50 | |
AMERISAFE Inc. | 838 | 49 | |
* | Encore Capital Group Inc. | 1,447 | 48 |
* | Enova International Inc. | 1,566 | 48 |
Enterprise Financial Services Corp. | 1,114 | 48 | |
Horizon Bancorp Inc. | 2,671 | 48 | |
Dime Community Bancshares Inc. | 1,638 | 48 | |
* | Bancorp Inc. | 2,287 | 46 |
HomeStreet Inc. | 1,062 | 46 | |
Northfield Bancorp Inc. | 3,353 | 46 | |
Washington Trust Bancorp Inc. | 971 | 46 | |
* | StepStone Group Inc. Class A | 1,268 | 46 |
German American Bancorp Inc. | 1,148 | 45 | |
TFS Financial Corp. | 2,317 | 45 | |
Heritage Commerce Corp. | 4,590 | 44 | |
Heritage Financial Corp. | 1,699 | 44 | |
OFG Bancorp | 2,276 | 44 | |
* | StoneX Group Inc. | 763 | 44 |
Berkshire Hills Bancorp Inc. | 2,113 | 43 | |
* | Bridgewater Bancshares Inc. | 2,943 | 43 |
Cowen Inc. Class A | 1,261 | 43 | |
Hanmi Financial Corp. | 2,538 | 43 | |
Ellington Financial Inc. | 2,699 | 42 | |
Kearny Financial Corp. | 3,594 | 41 | |
First Foundation Inc. | 1,730 | 40 | |
Banc of California Inc. | 2,056 | 38 | |
Preferred Bank | 659 | 38 | |
Cambridge Bancorp | 485 | 37 | |
Community Trust Bancorp Inc. | 891 | 36 | |
* | Customers Bancorp Inc. | 1,339 | 36 |
Invesco Mortgage Capital Inc. | 9,195 | 36 | |
Meridian Bancorp Inc. | 2,159 | 36 | |
* | Ambac Financial Group Inc. | 2,089 | 35 |
* | Columbia Financial Inc. | 2,156 | 35 |
Federal Agricultural Mortgage Corp. Class C | 408 | 35 | |
Allegiance Bancshares Inc. | 898 | 34 | |
Bryn Mawr Bank Corp. | 898 | 34 | |
Harbornone Bancorp Inc. | 2,803 | 34 | |
TPG RE Finance Trust Inc. | 3,218 | 34 | |
* | LendingClub Corp. | 3,046 | 33 |
* | CrossFirst Bankshares Inc. | 2,441 | 33 |
Dynex Capital Inc. | 1,722 | 32 | |
WisdomTree Investments Inc. | 6,122 | 32 | |
* | World Acceptance Corp. | 252 | 32 |
* | International Money Express Inc. | 2,143 | 32 |
American National Group Inc. | 347 | 31 |
Shares | Market Value ($000) | ||
* | Nicolet Bankshares Inc. | 409 | 30 |
TrustCo Bank Corp. | 4,372 | 30 | |
* | Watford Holdings Ltd. | 871 | 30 |
Anworth Mortgage Asset Corp. | 10,485 | 29 | |
Central Pacific Financial Corp. | 1,299 | 29 | |
Camden National Corp. | 697 | 28 | |
QCR Holdings Inc. | 682 | 28 | |
Granite Point Mortgage Trust Inc. | 2,392 | 27 | |
* | TriState Capital Holdings Inc. | 1,170 | 27 |
Byline Bancorp Inc. | 1,322 | 26 | |
First Financial Corp. | 616 | 26 | |
Flushing Financial Corp. | 1,232 | 26 | |
Altabancorp | 757 | 26 | |
Bank of Marin Bancorp | 672 | 25 | |
Capstead Mortgage Corp. | 4,295 | 25 | |
FBL Financial Group Inc. Class A | 441 | 25 | |
CBTX Inc. | 837 | 24 | |
First Business Financial Services Inc. | 1,060 | 24 | |
First Mid Bancshares Inc. | 671 | 24 | |
* | MBIA Inc. | 3,342 | 24 |
Midland States Bancorp Inc. | 979 | 24 | |
Peapack-Gladstone Financial Corp. | 879 | 24 | |
Central Valley Community Bancorp | 1,295 | 23 | |
* | Atlantic Capital Bancshares Inc. | 1,057 | 22 |
Mercantile Bank Corp. | 747 | 22 | |
National Western Life Group Inc. Class A | 105 | 22 | |
Banco Latinoamericano de Comercio Exterior SA Class E | 1,469 | 22 | |
* | GoHealth Inc. Class A | 1,625 | 22 |
First of Long Island Corp. | 1,149 | 21 | |
KKR Real Estate Finance Trust Inc. | 1,156 | 21 | |
* | MoneyGram International Inc. | 3,115 | 21 |
* | Professional Holding Corp. Class A | 1,333 | 21 |
Diamond Hill Investment Group Inc. | 144 | 20 | |
1st Constitution Bancorp | 1,117 | 20 | |
Ready Capital Corp. | 1,492 | 20 | |
Republic Bancorp Inc. Class A | 475 | 20 | |
Universal Insurance Holdings Inc. | 1,363 | 20 | |
Bank First Corp. | 266 | 19 | |
Bar Harbor Bankshares | 685 | 19 | |
Financial Institutions Inc. | 688 | 19 | |
Univest Financial Corp. | 761 | 19 | |
Oppenheimer Holdings Inc. Class A | 466 | 18 | |
Alerus Financial Corp. | 672 | 18 | |
* | Equity Bancshares Inc. Class A | 671 | 17 |
First Community Bankshares Inc. | 647 | 17 | |
HCI Group Inc. | 293 | 17 | |
Independence Holding Co. | 445 | 17 | |
Waterstone Financial Inc. | 890 | 17 | |
Sculptor Capital Management Inc. Class A | 839 | 17 | |
Farmers National Banc Corp. | 1,180 | 16 | |
Great Southern Bancorp Inc. | 303 | 16 | |
HomeTrust Bancshares Inc. | 686 | 16 | |
MVB Financial Corp. | 495 | 16 | |
Old Second Bancorp Inc. | 1,349 | 16 | |
Orchid Island Capital Inc. | 2,857 | 16 | |
Sierra Bancorp | 691 | 16 | |
West BanCorp. Inc | 714 | 16 | |
* | Oportun Financial Corp. | 992 | 16 |
* | Amerant Bancorp Inc. | 925 | 15 |
* | Assetmark Financial Holdings Inc. | 635 | 15 |
CNB Financial Corp. | 633 | 15 |
Shares | Market Value ($000) | ||
Capital City Bank Group Inc. | 627 | 15 | |
* | Metropolitan Bank Holding Corp. | 284 | 15 |
MidWestOne Financial Group Inc. | 533 | 15 | |
RBB Bancorp | 793 | 15 | |
State Auto Financial Corp. | 782 | 15 | |
* | Southern First Bancshares Inc. | 344 | 15 |
American National Bankshares Inc. | 443 | 14 | |
Hingham Institution for Savings | 57 | 14 | |
Southern Missouri Bancorp Inc. | 377 | 14 | |
Southern National Bancorp of Virginia Inc. | 966 | 14 | |
Spirit of Texas Bancshares Inc. | 662 | 14 | |
Business First Bancshares Inc. | 603 | 13 | |
* | Citizens Inc. Class A | 2,096 | 13 |
First Internet Bancorp | 401 | 13 | |
Merchants Bancorp | 390 | 13 | |
PCSB Financial Corp. | 778 | 13 | |
Peoples Financial Services Corp. | 314 | 13 | |
Century Bancorp Inc. Class A | 129 | 12 | |
Civista Bancshares Inc. | 636 | 12 | |
Enterprise Bancorp Inc. | 409 | 12 | |
First Northwest Bancorp | 763 | 12 | |
Greenhill & Co. Inc. | 808 | 12 | |
Guaranty Bancshares Inc. | 398 | 12 | |
Heritage Insurance Holdings Inc. | 1,286 | 12 | |
Home Bancorp Inc. | 368 | 12 | |
Northrim BanCorp Inc. | 322 | 12 | |
Regional Management Corp. | 367 | 12 | |
Summit Financial Group Inc. | 505 | 12 | |
Red River Bancshares Inc. | 231 | 12 | |
* | Carter Bankshares Inc. | 1,037 | 12 |
* | BayCom Corp. | 651 | 11 |
Curo Group Holdings Corp. | 734 | 11 | |
* | EZCorp. Inc. Class A | 2,205 | 11 |
FS Bancorp Inc. | 180 | 11 | |
Farmers & Merchants Bancorp Inc. | 476 | 11 | |
First Bancorp Inc. (XNGS) | 411 | 11 | |
* | NI Holdings Inc. | 592 | 11 |
Protective Insurance Corp. Class B | 471 | 11 | |
* | Select Bancorp Inc. | 975 | 11 |
SmartFinancial Inc. | 526 | 11 | |
Ellington Residential Mortgage REIT | 865 | 11 | |
* | Coastal Financial Corp. | 380 | 11 |
Metrocity Bankshares Inc. | 735 | 11 | |
Amalgamated Bank Class A | 558 | 10 | |
Citizens & Northern Corp. | 489 | 10 | |
First Bank | 979 | 10 | |
Investors Title Co. | 63 | 10 | |
Orrstown Financial Services Inc. | 508 | 10 | |
Penns Woods Bancorp Inc. | 410 | 10 | |
Reliant Bancorp Inc. | 442 | 10 | |
Timberland Bancorp Inc. | 344 | 10 | |
Capstar Financial Holdings Inc. | 632 | 10 | |
Bank of Commerce Holdings | 843 | 9 | |
County Bancorp Inc. | 384 | 9 | |
Great Ajax Corp. | 814 | 9 | |
* | Howard Bancorp Inc. | 678 | 9 |
Investar Holding Corp. | 488 | 9 | |
LCNB Corp. | 543 | 9 | |
Luther Burbank Corp. | 906 | 9 | |
Middlefield Banc Corp. | 394 | 9 | |
National Bankshares Inc. | 273 | 9 |
Shares | Market Value ($000) | ||
Northeast Bank | 343 | 9 | |
Parke Bancorp Inc. | 511 | 9 | |
Premier Financial Bancorp Inc. | 586 | 9 | |
Shore Bancshares Inc. | 590 | 9 | |
Territorial Bancorp Inc. | 350 | 9 | |
Western New England Bancorp Inc. | 1,132 | 9 | |
* | Greenlight Capital Re Ltd. Class A | 1,163 | 9 |
SB Financial Group Inc. | 526 | 9 | |
South Plains Financial Inc. | 474 | 9 | |
* | California BanCorp. | 570 | 9 |
BCB Bancorp Inc. | 642 | 8 | |
Bank of Princeton | 298 | 8 | |
Bankwell Financial Group Inc. | 312 | 8 | |
Community Bankers Trust Corp. | 1,001 | 8 | |
Crawford & Co. Class A | 861 | 8 | |
First Choice Bancorp | 428 | 8 | |
* | FVCBankcorp Inc. | 527 | 8 |
ChoiceOne Financial Services Inc. | 328 | 8 | |
Richmond Mutual BanCorp. Inc. | 588 | 8 | |
Community Financial Corp. | 215 | 7 | |
ESSA Bancorp Inc. | 428 | 7 | |
Evans Bancorp Inc. | 221 | 7 | |
Marlin Business Services Corp. | 429 | 7 | |
Norwood Financial Corp. | 274 | 7 | |
PCB Bancorp | 536 | 7 | |
Pzena Investment Management Inc. Class A | 726 | 7 | |
* | Republic First Bancorp Inc. | 1,992 | 7 |
Western Asset Mortgage Capital Corp. | 2,083 | 7 | |
Westwood Holdings Group Inc. | 419 | 7 | |
ACNB Corp. | 271 | 7 | |
FNCB Bancorp Inc. | 938 | 7 | |
* | Capital Bancorp Inc. | 468 | 7 |
First Capital Inc. | 139 | 7 | |
HBT Financial Inc. | 424 | 7 | |
Hawthorn Bancshares Inc. | 329 | 7 | |
Ames National Corp. | 326 | 7 | |
Citizens Holding Co. | 348 | 7 | |
Arlington Asset Investment Corp. Class A | 1,511 | 6 | |
C&F Financial Corp. | 149 | 6 | |
Chemung Financial Corp. | 161 | 6 | |
Codorus Valley Bancorp Inc. | 381 | 6 | |
Donegal Group Inc. Class A | 470 | 6 | |
Riverview Bancorp Inc. | 953 | 6 | |
* | Safeguard Scientifics Inc. | 794 | 6 |
United Insurance Holdings Corp. | 914 | 6 | |
Unity Bancorp Inc. | 326 | 6 | |
Auburn National BanCorp Inc. | 143 | 6 | |
Fidelity D&D Bancorp Inc. | 119 | 6 | |
* | MainStreet Bancshares Inc. | 318 | 6 |
Mid Penn Bancorp Inc. | 259 | 6 | |
Level One Bancorp Inc. | 280 | 6 | |
OP Bancorp | 676 | 6 | |
Silvercrest Asset Management Group Inc. Class A | 407 | 6 | |
Colony Bankcorp Inc. | 410 | 6 | |
Ohio Valley Banc Corp. | 205 | 5 | |
Peoples Bancorp of North Carolina Inc. | 222 | 5 | |
Provident Financial Holdings Inc. | 318 | 5 | |
Prudential Bancorp Inc. | 401 | 5 | |
Sterling Bancorp Inc. | 879 | 5 | |
United Security Bancshares | 683 | 5 | |
* | Pioneer Bancorp Inc. | 500 | 5 |
Shares | Market Value ($000) | ||
* | MMA Capital Holdings Inc. | 215 | 5 |
Mackinac Financial Corp. | 389 | 5 | |
Oak Valley Bancorp | 316 | 5 | |
Provident Bancorp Inc. | 389 | 5 | |
Franklin Financial Services Corp. | 177 | 5 | |
* | Upstart Holdings Inc. | 78 | 5 |
FedNat Holding Co. | 541 | 4 | |
First Guaranty Bancshares Inc. | 218 | 4 | |
GAMCO Investors Inc. Class A | 224 | 4 | |
* | Esquire Financial Holdings Inc. | 174 | 4 |
* | ProSight Global Inc. | 306 | 4 |
* | Ponce de Leon Federal Bank | 273 | 3 |
* | Altisource Portfolio Solutions SA | 283 | 3 |
Bank7 Corp. | 100 | 2 | |
216,735 | |||
Health Care (13.1%) | |||
Johnson & Johnson | 131,486 | 20,835 | |
UnitedHealth Group Inc. | 47,096 | 15,646 | |
Abbott Laboratories | 86,189 | 10,324 | |
AbbVie Inc. | 87,949 | 9,476 | |
Pfizer Inc. | 277,496 | 9,293 | |
Merck & Co. Inc. | 125,936 | 9,145 | |
Thermo Fisher Scientific Inc. | 19,696 | 8,865 | |
Eli Lilly and Co. | 42,043 | 8,614 | |
Medtronic plc | 66,934 | 7,829 | |
Bristol-Myers Squibb Co. | 113,135 | 6,939 | |
Danaher Corp. | 31,199 | 6,854 | |
Amgen Inc. | 29,092 | 6,543 | |
* | Intuitive Surgical Inc. | 5,786 | 4,263 |
Stryker Corp. | 17,317 | 4,203 | |
Gilead Sciences Inc. | 62,721 | 3,851 | |
Anthem Inc. | 12,380 | 3,754 | |
Cigna Corp. | 17,629 | 3,700 | |
Zoetis Inc. | 23,776 | 3,691 | |
Becton Dickinson and Co. | 13,765 | 3,319 | |
* | Illumina Inc. | 7,292 | 3,204 |
* | Vertex Pharmaceuticals Inc. | 13,031 | 2,770 |
* | Boston Scientific Corp. | 71,355 | 2,767 |
* | Edwards Lifesciences Corp. | 30,693 | 2,551 |
Humana Inc. | 6,577 | 2,497 | |
HCA Healthcare Inc. | 13,283 | 2,285 | |
* | Align Technology Inc. | 3,900 | 2,212 |
* | Moderna Inc. | 14,242 | 2,205 |
* | Regeneron Pharmaceuticals Inc. | 4,851 | 2,186 |
* | IDEXX Laboratories Inc. | 4,200 | 2,185 |
* | Biogen Inc. | 7,693 | 2,099 |
Baxter International Inc. | 25,371 | 1,971 | |
* | Veeva Systems Inc. Class A | 6,792 | 1,903 |
Agilent Technologies Inc. | 15,475 | 1,889 | |
* | IQVIA Holdings Inc. | 9,554 | 1,842 |
* | DexCom Inc. | 4,609 | 1,833 |
Zimmer Biomet Holdings Inc. | 10,397 | 1,695 | |
* | Centene Corp. | 28,910 | 1,692 |
* | Alexion Pharmaceuticals Inc. | 10,669 | 1,630 |
ResMed Inc. | 7,169 | 1,382 | |
* | Teladoc Health Inc. | 5,387 | 1,191 |
* | Laboratory Corp. of America Holdings | 4,886 | 1,172 |
Cerner Corp. | 15,381 | 1,063 | |
* | Exact Sciences Corp. | 7,464 | 1,016 |
West Pharmaceutical Services Inc. | 3,600 | 1,010 | |
Teleflex Inc. | 2,363 | 941 |
Shares | Market Value ($000) | ||
* | Seagen Inc. | 6,221 | 940 |
Cooper Cos. Inc. | 2,395 | 925 | |
* | Catalent Inc. | 8,007 | 911 |
* | Hologic Inc. | 12,624 | 910 |
* | Horizon Therapeutics plc | 9,600 | 873 |
* | Viatris Inc. | 58,643 | 871 |
* | Alnylam Pharmaceuticals Inc. | 5,669 | 840 |
* | Insulet Corp. | 3,236 | 838 |
* | Varian Medical Systems Inc. | 4,521 | 792 |
Quest Diagnostics Inc. | 6,569 | 759 | |
* | Novocure Ltd. | 5,062 | 755 |
Cardinal Health Inc. | 14,444 | 744 | |
* | Elanco Animal Health Inc. (XNYS) | 22,271 | 732 |
STERIS plc | 4,129 | 722 | |
* | Charles River Laboratories International Inc. | 2,504 | 717 |
* | ABIOMED Inc. | 2,191 | 711 |
* | Incyte Corp. | 8,928 | 702 |
* | Novavax Inc. | 3,034 | 702 |
PerkinElmer Inc. | 5,484 | 692 | |
* | BioMarin Pharmaceutical Inc. | 8,930 | 691 |
Bio-Techne Corp. | 1,872 | 677 | |
* | Avantor Inc. | 24,259 | 676 |
* | Molina Healthcare Inc. | 2,904 | 629 |
* | Masimo Corp. | 2,466 | 618 |
* | Guardant Health Inc. | 4,125 | 607 |
* | Bio-Rad Laboratories Inc. Class A | 1,033 | 604 |
DENTSPLY SIRONA Inc. | 10,700 | 568 | |
* | Repligen Corp. | 2,633 | 559 |
* | QIAGEN NV | 11,006 | 550 |
* | 10X Genomics Inc. Class A | 2,901 | 516 |
* | Neurocrine Biosciences Inc. | 4,464 | 489 |
* | Jazz Pharmaceuticals plc | 2,734 | 459 |
* | Penumbra Inc. | 1,611 | 458 |
* | PRA Health Sciences Inc. | 3,061 | 451 |
Universal Health Services Inc. Class B | 3,583 | 449 | |
* | Henry Schein Inc. | 7,179 | 444 |
* | Ultragenyx Pharmaceutical Inc. | 3,025 | 428 |
* | Natera Inc. | 3,671 | 426 |
* | Mirati Therapeutics Inc. | 2,080 | 418 |
* | Amedisys Inc. | 1,553 | 394 |
Encompass Health Corp. | 4,876 | 392 | |
* | Arrowhead Pharmaceuticals Inc. | 4,830 | 385 |
* | DaVita Inc. | 3,722 | 380 |
Hill-Rom Holdings Inc. | 3,399 | 363 | |
* | United Therapeutics Corp. | 2,081 | 348 |
* | Acceleron Pharma Inc. | 2,483 | 338 |
Chemed Corp. | 749 | 333 | |
* | Fate Therapeutics Inc. | 3,681 | 330 |
* | Ionis Pharmaceuticals Inc. | 6,249 | 327 |
* | Sarepta Therapeutics Inc. | 3,660 | 319 |
* | Exelixis Inc. | 14,700 | 318 |
* | Haemonetics Corp. | 2,503 | 317 |
* | HealthEquity Inc. | 3,839 | 316 |
* | Envista Holdings Corp. | 8,141 | 314 |
Bruker Corp. | 5,118 | 312 | |
* | Bridgebio Pharma Inc. | 4,400 | 311 |
* | Halozyme Therapeutics Inc. | 6,768 | 306 |
* | Quidel Corp. | 1,848 | 304 |
* | Tandem Diabetes Care Inc. | 3,076 | 295 |
* | Syneos Health Inc. | 3,775 | 292 |
* | Inspire Medical Systems Inc. | 1,249 | 291 |
Shares | Market Value ($000) | ||
* | Nevro Corp. | 1,705 | 282 |
Perrigo Co. plc | 6,962 | 281 | |
* | LHC Group Inc. | 1,521 | 276 |
* | Blueprint Medicines Corp. | 2,766 | 272 |
* | Pacific Biosciences of California Inc. | 8,859 | 271 |
* | PPD Inc. | 7,711 | 270 |
* | NeoGenomics Inc. | 5,225 | 266 |
* | Tenet Healthcare Corp. | 5,202 | 265 |
* | ACADIA Pharmaceuticals Inc. | 5,231 | 256 |
* | Omnicell Inc. | 2,008 | 255 |
* | Iovance Biotherapeutics Inc. | 6,747 | 252 |
* | TG Therapeutics Inc. | 5,740 | 251 |
Royalty Pharma plc Class A | 5,304 | 247 | |
* | STAAR Surgical Co. | 2,365 | 246 |
* | Acadia Healthcare Co. Inc. | 4,438 | 245 |
* | Globus Medical Inc. Class A | 3,841 | 240 |
* | Integra LifeSciences Holdings Corp. | 3,402 | 233 |
* | Medpace Holdings Inc. | 1,410 | 229 |
* | iRhythm Technologies Inc. | 1,413 | 227 |
* | FibroGen Inc. | 4,499 | 225 |
* | Sage Therapeutics Inc. | 2,646 | 225 |
* | Emergent BioSolutions Inc. | 2,306 | 221 |
* | Invitae Corp. | 5,469 | 219 |
* | Twist Bioscience Corp. | 1,593 | 219 |
* | Turning Point Therapeutics Inc. | 1,854 | 219 |
* | Nektar Therapeutics Class A | 9,600 | 218 |
* | Arena Pharmaceuticals Inc. | 2,701 | 217 |
* | Adaptive Biotechnologies Corp. | 3,783 | 214 |
Premier Inc. Class A | 6,326 | 214 | |
* | Denali Therapeutics Inc. | 2,972 | 213 |
Ensign Group Inc. | 2,566 | 210 | |
* | Kodiak Sciences Inc. | 1,594 | 206 |
* | ICU Medical Inc. | 989 | 205 |
* | Neogen Corp. | 2,473 | 203 |
* | Livanova plc | 2,520 | 195 |
* | Veracyte Inc. | 3,347 | 194 |
* | Biohaven Pharmaceutical Holding Co. Ltd. | 2,268 | 193 |
* | Glaukos Corp. | 1,991 | 188 |
* | CareDx Inc. | 2,342 | 185 |
* | 1Life Healthcare Inc. | 3,770 | 179 |
* | Beam Therapeutics Inc. | 1,996 | 178 |
CONMED Corp. | 1,440 | 177 | |
* | ChemoCentryx Inc. | 2,513 | 171 |
* | HMS Holdings Corp. | 4,644 | 171 |
* | Insmed Inc. | 4,762 | 170 |
* | Pacira BioSciences Inc. | 2,267 | 167 |
* | Vir Biotechnology Inc. | 2,637 | 165 |
* | NuVasive Inc. | 2,699 | 163 |
* | PTC Therapeutics Inc. | 2,859 | 163 |
* | Allakos Inc. | 1,319 | 160 |
* | Merit Medical Systems Inc. | 2,853 | 159 |
* | Select Medical Holdings Corp. | 4,992 | 158 |
* | NanoString Technologies Inc. | 2,253 | 157 |
* | Alkermes plc | 8,221 | 157 |
* | Shockwave Medical Inc. | 1,340 | 156 |
* | Amicus Therapeutics Inc. | 12,655 | 155 |
* | AtriCure Inc. | 2,368 | 155 |
* | R1 RCM Inc. | 5,611 | 155 |
* | Reata Pharmaceuticals Inc. Class A | 1,247 | 152 |
* | Intellia Therapeutics Inc. | 2,487 | 150 |
Cantel Medical Corp. | 1,953 | 145 |
Shares | Market Value ($000) | ||
* | Apellis Pharmaceuticals Inc. | 2,877 | 139 |
* | Arvinas Inc. | 1,776 | 139 |
* | Editas Medicine Inc. Class A | 3,098 | 136 |
* | Agios Pharmaceuticals Inc. | 2,852 | 135 |
* | Global Blood Therapeutics Inc. | 3,162 | 135 |
Patterson Cos. Inc. | 4,312 | 134 | |
* | Integer Holdings Corp. | 1,496 | 132 |
* | Corcept Therapeutics Inc. | 5,201 | 131 |
* | Sorrento Therapeutics Inc. | 13,219 | 128 |
* | Xencor Inc. | 2,537 | 125 |
* | Intra-Cellular Therapies Inc. | 3,403 | 121 |
Owens & Minor Inc. | 3,570 | 121 | |
* | Inovalon Holdings Inc. Class A | 4,520 | 111 |
* | Prestige Consumer Healthcare Inc. | 2,529 | 106 |
* | SpringWorks Therapeutics Inc. | 1,232 | 106 |
* | Phreesia Inc. | 1,707 | 105 |
* | BioCryst Pharmaceuticals Inc. | 9,688 | 104 |
* | Magellan Health Inc. | 1,088 | 102 |
* | Allogene Therapeutics Inc. | 2,868 | 100 |
* | Ligand Pharmaceuticals Inc. | 677 | 100 |
* | Myriad Genetics Inc. | 3,281 | 100 |
* | Avanos Medical Inc. | 2,158 | 99 |
* | Vericel Corp. | 2,042 | 99 |
Healthcare Services Group Inc. | 3,393 | 97 | |
* | Inovio Pharmaceuticals Inc. | 8,745 | 97 |
* | Endo International plc | 12,055 | 96 |
* | OPKO Health Inc. | 20,988 | 94 |
* | Cassava Sciences Inc. | 1,926 | 94 |
* | Bluebird Bio Inc. | 2,981 | 93 |
* | MEDNAX Inc. | 3,783 | 92 |
* | REVOLUTION Medicines Inc. | 2,011 | 92 |
* | Axsome Therapeutics Inc. | 1,330 | 90 |
* | Rocket Pharmaceuticals Inc. | 1,621 | 90 |
* | Cardiovascular Systems Inc. | 2,148 | 89 |
* | Oak Street Health Inc. | 1,673 | 89 |
* | Karuna Therapeutics Inc. | 692 | 86 |
* | Travere Thrapeutics Inc. | 2,798 | 86 |
* | Arcus Biosciences Inc. | 2,407 | 85 |
* | REGENXBIO Inc. | 2,083 | 85 |
* | MannKind Corp. | 14,776 | 84 |
U.S. Physical Therapy Inc. | 715 | 84 | |
* | Kura Oncology Inc. | 2,968 | 83 |
* | Translate Bio Inc. | 3,544 | 83 |
* | ModivCare Inc. | 625 | 80 |
* | Atea Pharmaceuticals Inc. | 1,045 | 79 |
* | Dicerna Pharmaceuticals Inc. | 2,902 | 78 |
* | Health Catalyst Inc. | 1,589 | 77 |
* | Silk Road Medical Inc. | 1,404 | 77 |
* | Heron Therapeutics Inc. | 4,086 | 74 |
* | ImmunoGen Inc. | 8,489 | 74 |
* | Relay Therapeutics Inc. | 1,785 | 74 |
* | Deciphera Pharmaceuticals Inc. | 1,676 | 73 |
* | Revance Therapeutics Inc. | 2,774 | 73 |
* | Axonics Modulation Technologies Inc. | 1,413 | 71 |
* | Quanterix Corp. | 943 | 71 |
* | Fulgent Genetics Inc. | 697 | 71 |
* | Evolent Health Inc. Class A | 3,469 | 70 |
* | Ocular Therapeutix Inc. | 3,809 | 70 |
* | Zentalis Pharmaceuticals Inc. | 1,674 | 70 |
* | Addus HomeCare Corp. | 641 | 69 |
* | Adverum Biotechnologies Inc. | 5,352 | 69 |
Shares | Market Value ($000) | ||
* | Frequency Therapeutics Inc. | 1,391 | 68 |
Luminex Corp. | 2,046 | 67 | |
* | Scholar Rock Holding Corp. | 1,237 | 67 |
* | Option Care Health Inc. | 3,481 | 67 |
* | GenMark Diagnostics Inc. | 3,399 | 66 |
* | Enanta Pharmaceuticals Inc. | 1,290 | 64 |
* | Sangamo Therapeutics Inc. | 5,588 | 64 |
* | American Well Corp. Class A | 2,616 | 64 |
* | Atara Biotherapeutics Inc. | 3,750 | 63 |
* | Ironwood Pharmaceuticals Inc. Class A | 6,786 | 63 |
* | MacroGenics Inc. | 2,504 | 63 |
* | Heska Corp. | 325 | 61 |
* | Supernus Pharmaceuticals Inc. | 2,261 | 61 |
* | Pennant Group Inc. | 1,148 | 61 |
* | Arcturus Therapeutics Holdings Inc. | 1,132 | 60 |
* | Lantheus Holdings Inc. | 3,064 | 57 |
* | Seres Therapeutics Inc. | 3,003 | 57 |
* | Avid Bioservices Inc. | 2,709 | 56 |
* | ZIOPHARM Oncology Inc. | 10,480 | 56 |
* | Codexis Inc. | 2,479 | 55 |
* | Cytokinetics Inc. | 2,958 | 55 |
* | Omeros Corp. | 2,780 | 55 |
* | Progyny Inc. | 1,276 | 54 |
* | Cerus Corp. | 8,581 | 53 |
* | Krystal Biotech Inc. | 671 | 53 |
* | Tivity Health Inc. | 2,236 | 53 |
* | Zogenix Inc. | 2,515 | 53 |
* | Dynavax Technologies Corp. | 5,886 | 52 |
* | Madrigal Pharmaceuticals Inc. | 426 | 52 |
* | Viela Bio Inc. | 963 | 51 |
* | Brookdale Senior Living Inc. | 8,562 | 50 |
* | Karyopharm Therapeutics Inc. | 3,592 | 50 |
* | Orthofix Medical Inc. | 1,073 | 50 |
* | Replimune Group Inc. | 1,456 | 50 |
* | Keros Therapeutics Inc. | 742 | 49 |
* | Coherus Biosciences Inc. | 2,959 | 48 |
* | NextGen Healthcare Inc. | 2,543 | 48 |
* | ORIC Pharmaceuticals Inc. | 1,488 | 48 |
* | Y-mAbs Therapeutics Inc. | 1,328 | 47 |
* | Athenex Inc. | 3,771 | 46 |
*,1 | NantKwest Inc. | 1,407 | 46 |
* | Nkarta Inc. | 952 | 46 |
* | Collegium Pharmaceutical Inc. | 1,906 | 45 |
* | Inogen Inc. | 838 | 44 |
* | Meridian Bioscience Inc. | 2,085 | 44 |
* | Mersana Therapeutics Inc. | 2,429 | 44 |
* | Rhythm Pharmaceuticals Inc. | 1,683 | 44 |
* | Surgery Partners Inc. | 1,102 | 44 |
* | Berkeley Lights Inc. | 716 | 44 |
* | Apollo Medical Holdings Inc. | 1,721 | 43 |
* | Epizyme Inc. | 4,528 | 43 |
* | Tabula Rasa HealthCare Inc. | 1,050 | 43 |
* | Vanda Pharmaceuticals Inc. | 2,328 | 43 |
* | Alector Inc. | 2,349 | 43 |
* | CorVel Corp. | 411 | 42 |
* | CryoLife Inc. | 1,659 | 42 |
* | SI-BONE Inc. | 1,332 | 42 |
* | Tactile Systems Technology Inc. | 830 | 42 |
* | TransMedics Group Inc. | 1,174 | 42 |
* | Prothena Corp. plc | 1,885 | 42 |
* | Pulmonx Corp. | 744 | 42 |
Shares | Market Value ($000) | ||
Atrion Corp. | 66 | 41 | |
* | Stoke Therapeutics Inc. | 690 | 41 |
* | Natus Medical Inc. | 1,539 | 40 |
* | AdaptHealth Corp. Class A | 1,305 | 40 |
* | Castle Biosciences Inc. | 528 | 40 |
* | Albireo Pharma Inc. | 1,150 | 40 |
* | Applied Molecular Transport Inc. | 812 | 40 |
* | Arcutis Biotherapeutics Inc. | 1,162 | 40 |
* | Alphatec Holdings Inc. | 2,455 | 39 |
National HealthCare Corp. | 566 | 39 | |
* | Radius Health Inc. | 2,103 | 39 |
* | Varex Imaging Corp. | 1,680 | 39 |
* | Dermtech Inc. | 591 | 39 |
* | Allovir Inc. | 1,074 | 39 |
* | Spectrum Pharmaceuticals Inc. | 11,158 | 38 |
* | ALX Oncology Holdings Inc. | 470 | 38 |
* | Forma Therapeutics Holdings Inc. | 988 | 38 |
* | Aerie Pharmaceuticals Inc. | 1,995 | 37 |
LeMaitre Vascular Inc. | 712 | 37 | |
* | Accolade Inc. | 834 | 37 |
* | AngioDynamics Inc. | 1,731 | 36 |
* | Hanger Inc. | 1,623 | 36 |
National Research Corp. | 694 | 36 | |
* | Black Diamond Therapeutics Inc. | 1,293 | 36 |
* | Prelude Therapeutics Inc. | 577 | 36 |
* | Constellation Pharmaceuticals Inc. | 1,397 | 35 |
*,1 | Esperion Therapeutics Inc. | 1,261 | 35 |
* | G1 Therapeutics Inc. | 1,590 | 35 |
* | RadNet Inc. | 1,918 | 35 |
* | Syndax Pharmaceuticals Inc. | 1,428 | 35 |
* | Outset Medical Inc. | 710 | 35 |
* | C4 Therapeutics Inc. | 807 | 35 |
* | AnaptysBio Inc. | 1,171 | 34 |
* | BioLife Solutions Inc. | 869 | 34 |
* | Cara Therapeutics Inc. | 1,837 | 34 |
* | Community Health Systems Inc. | 3,913 | 34 |
* | Five Prime Therapeutics Inc. | 1,533 | 34 |
* | Innoviva Inc. | 3,003 | 34 |
* | Rigel Pharmaceuticals Inc. | 8,116 | 34 |
* | Theravance Biopharma Inc. | 2,064 | 34 |
* | Sutro Biopharma Inc. | 1,534 | 34 |
* | Kymera Therapeutics Inc. | 714 | 34 |
* | Shattuck Labs Inc. | 825 | 34 |
* | Axogen Inc. | 1,495 | 33 |
*,1 | CEL-SCI Corp. | 1,835 | 33 |
* | Kadmon Holdings Inc. | 7,163 | 33 |
* | PetIQ Inc. Class A | 948 | 33 |
* | Personalis Inc. | 1,076 | 33 |
* | Inari Medical Inc. | 318 | 33 |
* | iTeos Therapeutics Inc. | 805 | 33 |
* | PMV Pharmaceuticals Inc. | 869 | 33 |
* | IVERIC bio Inc. | 5,157 | 32 |
* | OrthoPediatrics Corp. | 581 | 32 |
* | Precision BioSciences Inc. | 2,657 | 32 |
* | Aspira Women's Health Inc. | 4,649 | 32 |
* | Generation Bio Co. | 918 | 32 |
* | Praxis Precision Medicines Inc. | 728 | 32 |
* | Antares Pharma Inc. | 7,322 | 31 |
* | Intersect ENT Inc. | 1,362 | 31 |
* | OraSure Technologies Inc. | 2,945 | 31 |
* | Surmodics Inc. | 593 | 31 |
Shares | Market Value ($000) | ||
* | ChromaDex Corp. | 2,116 | 30 |
* | Intercept Pharmaceuticals Inc. | 1,404 | 30 |
* | OptimizeRx Corp. | 567 | 30 |
* | IGM Biosciences Inc. | 340 | 30 |
* | NGM Biopharmaceuticals Inc. | 1,121 | 30 |
* | Precigen Inc. | 3,604 | 30 |
* | Passage Bio Inc. | 1,666 | 30 |
* | VBI Vaccines Inc. | 9,019 | 30 |
* | Immunovant Inc. | 1,925 | 30 |
* | Eargo Inc. | 521 | 30 |
* | Amneal Pharmaceuticals Inc. | 5,436 | 29 |
* | Amphastar Pharmaceuticals Inc. | 1,665 | 29 |
* | Anavex Life Sciences Corp. | 2,261 | 29 |
* | Protagonist Therapeutics Inc. | 1,246 | 29 |
*,1 | iBio Inc. | 16,667 | 29 |
* | Kronos Bio Inc. | 990 | 29 |
* | Agenus Inc. | 7,076 | 28 |
* | SeaSpine Holdings Corp. | 1,492 | 28 |
* | TCR2 Therapeutics Inc. | 1,039 | 28 |
* | Organogenesis Holdings Inc. Class A | 1,812 | 28 |
* | Nurix Therapeutics Inc. | 798 | 28 |
* | HealthStream Inc. | 1,152 | 27 |
* | Bioxcel Therapeutics Inc. | 511 | 27 |
* | Provention Bio Inc. | 2,073 | 26 |
* | Triple-S Management Corp. Class B | 1,021 | 26 |
* | Cortexyme Inc. | 757 | 26 |
* | Aligos Therapeutics Inc. | 904 | 26 |
* | Gossamer Bio Inc. | 2,672 | 25 |
* | Morphic Holding Inc. | 691 | 25 |
* | Ardelyx Inc. | 3,643 | 24 |
* | Joint Corp. | 594 | 24 |
* | Harmony Biosciences Holdings Inc. | 668 | 24 |
* | Dyne Therapeutics Inc. | 1,318 | 24 |
* | Akebia Therapeutics Inc. | 6,557 | 23 |
* | Cutera Inc. | 661 | 23 |
* | Vapotherm Inc. | 935 | 23 |
* | Relmada Therapeutics Inc. | 678 | 23 |
* | Affimed NV | 3,967 | 23 |
* | Avidity Biosciences Inc. | 968 | 23 |
* | Ontrak Inc. | 390 | 23 |
* | Athira Pharma Inc. | 1,060 | 23 |
* | Anika Therapeutics Inc. | 605 | 22 |
* | Durect Corp. | 9,795 | 22 |
* | Inozyme Pharma Inc. | 1,090 | 22 |
* | Phathom Pharmaceuticals Inc. | 495 | 22 |
* | Clovis Oncology Inc. | 3,582 | 21 |
* | MEI Pharma Inc. | 5,586 | 21 |
* | Atreca Inc. Class A | 1,229 | 21 |
* | Vaxcyte Inc. | 898 | 21 |
* | Marinus Pharmaceuticals Inc. | 1,419 | 21 |
* | Tarsus Pharmaceuticals Inc. | 579 | 21 |
* | Athersys Inc. | 9,892 | 20 |
* | Crinetics Pharmaceuticals Inc. | 1,310 | 20 |
* | Syros Pharmaceuticals Inc. | 2,419 | 20 |
* | Verastem Inc. | 8,439 | 20 |
* | Viking Therapeutics Inc. | 3,013 | 20 |
* | iCAD Inc. | 1,085 | 20 |
* | Vaxart Inc. | 2,757 | 20 |
* | Accuray Inc. | 3,840 | 19 |
* | Chimerix Inc. | 1,938 | 19 |
* | Cue Biopharma Inc. | 1,361 | 19 |
Shares | Market Value ($000) | ||
* | Eagle Pharmaceuticals Inc. | 434 | 19 |
Phibro Animal Health Corp. Class A | 875 | 19 | |
* | Kiniksa Pharmaceuticals Ltd. Class A | 914 | 19 |
* | Akero Therapeutics Inc. | 612 | 19 |
* | Pulse Biosciences Inc. | 634 | 19 |
*,1 | Retractable Technologies Inc. | 1,215 | 19 |
* | Inhibrx Inc. | 727 | 19 |
* | Co-Diagnostics Inc. | 1,277 | 18 |
* | Flexion Therapeutics Inc. | 1,640 | 18 |
* | Geron Corp. (XNGS) | 10,083 | 18 |
* | Homology Medicines Inc. | 1,719 | 18 |
* | Annexon Inc. | 605 | 18 |
* | Apyx Medical Corp. | 1,669 | 17 |
* | Avrobio Inc. | 1,510 | 17 |
* | Catalyst Pharmaceuticals Inc. | 4,325 | 17 |
* | Fluidigm Corp. | 3,605 | 17 |
* | KalVista Pharmaceuticals Inc. | 502 | 17 |
* | Misonix Inc. | 1,025 | 17 |
* | UroGen Pharma Ltd. | 873 | 17 |
* | Acutus Medical Inc. | 810 | 17 |
* | Neoleukin Therapeutics Inc. | 1,448 | 17 |
* | BioDelivery Sciences International Inc. | 3,889 | 16 |
* | CytomX Therapeutics Inc. | 2,012 | 16 |
* | Gritstone Oncology Inc. | 1,201 | 16 |
* | Rubius Therapeutics Inc. | 1,548 | 16 |
* | TherapeuticsMD Inc. | 10,315 | 16 |
* | ViewRay Inc. | 3,608 | 16 |
* | Stereotaxis Inc. | 2,249 | 16 |
* | Viemed Healthcare Inc. | 1,687 | 16 |
* | Aeglea BioTherapeutics Inc. | 1,968 | 15 |
* | Cymabay Therapeutics Inc. | 3,124 | 15 |
* | Kala Pharmaceuticals Inc. | 1,970 | 15 |
* | Molecular Templates Inc. | 1,371 | 15 |
* | SIGA Technologies Inc. | 2,399 | 15 |
* | Checkpoint Therapeutics Inc. | 4,248 | 14 |
* | CorMedix Inc. | 944 | 14 |
* | CytoSorbents Corp. | 1,520 | 14 |
* | Lexicon Pharmaceuticals Inc. | 1,895 | 14 |
* | Milestone Scientific Inc. | 3,664 | 14 |
* | Selecta Biosciences Inc. | 3,410 | 14 |
* | Sientra Inc. | 1,785 | 14 |
* | XOMA Corp. | 380 | 14 |
* | Applied Therapeutics Inc. | 641 | 14 |
* | Quotient Ltd. | 3,068 | 14 |
* | Accelerate Diagnostics Inc. | 1,288 | 13 |
Invacare Corp. | 1,478 | 13 | |
* | Puma Biotechnology Inc. | 1,334 | 13 |
* | InfuSystem Holdings Inc. | 747 | 13 |
* | Calithera Biosciences Inc. | 3,933 | 12 |
* | Evolus Inc. | 992 | 12 |
* | Fortress Biotech Inc. | 3,086 | 12 |
* | Harrow Health Inc. | 1,565 | 12 |
* | Harvard Bioscience Inc. | 2,837 | 12 |
* | Kindred Biosciences Inc. | 2,745 | 12 |
* | Paratek Pharmaceuticals Inc. | 1,534 | 12 |
Utah Medical Products Inc. | 147 | 12 | |
* | Zynex Inc. | 854 | 12 |
* | ANI Pharmaceuticals Inc. | 414 | 12 |
* | Akouos Inc. | 565 | 12 |
* | Ideaya Biosciences Inc. | 608 | 12 |
* | Pliant Therapeutics Inc. | 375 | 12 |
Shares | Market Value ($000) | ||
* | Genprex Inc. | 2,416 | 12 |
* | Eiger BioPharmaceuticals Inc. | 1,066 | 11 |
* | Odonate Therapeutics Inc. | 544 | 11 |
* | XBiotech Inc. | 564 | 11 |
* | MeiraGTx Holdings plc | 709 | 11 |
* | Chinook Therapeutics Inc. | 656 | 11 |
* | Maravai LifeSciences Holdings Inc. Class A | 333 | 11 |
* | Magenta Therapeutics Inc. | 975 | 10 |
* | MediciNova Inc. | 1,779 | 10 |
* | WaVe Life Sciences Ltd. | 1,067 | 10 |
* | Agile Therapeutics Inc. | 3,401 | 10 |
* | Evelo Biosciences Inc. | 837 | 10 |
* | Spero Therapeutics Inc. | 571 | 10 |
* | Rapt Therapeutics Inc. | 540 | 10 |
* | Oncorus Inc. | 637 | 10 |
* | VYNE Therapeutics Inc. | 1,379 | 10 |
* | Lannett Co. Inc. | 1,456 | 9 |
* | UNITY Biotechnology Inc. | 1,287 | 9 |
* | Orgenesis Inc. | 1,332 | 9 |
* | VolitionRX Ltd. | 2,272 | 9 |
* | Neubase Therapeutics Inc. | 926 | 9 |
* | Abeona Therapeutics Inc. | 3,472 | 8 |
* | AcelRx Pharmaceuticals Inc. | 4,174 | 8 |
* | Assembly Biosciences Inc. | 1,559 | 8 |
* | Catalyst Biosciences Inc. | 1,396 | 8 |
* | Corbus Pharmaceuticals Holdings Inc. | 3,693 | 8 |
* | FONAR Corp. | 401 | 8 |
* | Galectin Therapeutics Inc. | 3,622 | 8 |
* | Jounce Therapeutics Inc. | 739 | 8 |
* | Oncocyte Corp. | 1,689 | 8 |
* | Aquestive Therapeutics Inc. | 1,672 | 8 |
* | Aptinyx Inc. Class A | 2,161 | 8 |
* | Fennec Pharmaceuticals Inc. | 1,081 | 8 |
* | Concert Pharmaceuticals Inc. | 1,051 | 7 |
* | IntriCon Corp. | 309 | 7 |
* | Solid Biosciences Inc. | 911 | 7 |
* | Tricida Inc. | 1,382 | 7 |
* | Verrica Pharmaceuticals Inc. | 542 | 7 |
* | Xeris Pharmaceuticals Inc. | 1,237 | 7 |
* | Exicure Inc. | 3,202 | 7 |
* | NantHealth Inc. | 1,762 | 7 |
* | NextCure Inc. | 646 | 7 |
* | Tyme Technologies Inc. | 3,607 | 7 |
* | BeyondSpring Inc. | 550 | 7 |
* | Fulcrum Therapeutics Inc. | 548 | 7 |
* | Applied Genetic Technologies Corp. | 1,291 | 7 |
* | Kezar Life Sciences Inc. | 1,334 | 7 |
* | Tela Bio Inc. | 442 | 7 |
* | Nymox Pharmaceutical Corp. | 2,641 | 7 |
* | Sotera Health Co. | 259 | 7 |
* | Ortho Clinical Diagnostics Holdings plc | 407 | 7 |
* | CASI Pharmaceuticals Inc. | 2,498 | 6 |
* | Chiasma Inc. | 1,438 | 6 |
* | Dyadic International Inc. | 1,031 | 6 |
* | Enzo Biochem Inc. | 1,946 | 6 |
* | iRadimed Corp. | 262 | 6 |
* | Voyager Therapeutics Inc. | 1,055 | 6 |
* | BrainStorm Cell Therapeutics Inc. | 1,363 | 6 |
* | Electromed Inc. | 591 | 6 |
* | Harpoon Therapeutics Inc. | 304 | 6 |
* | Pieris Pharmaceuticals Inc. | 2,101 | 6 |
Shares | Market Value ($000) | ||
* | Hookipa Pharma Inc. | 473 | 6 |
* | Ovid therapeutics Inc. | 2,115 | 6 |
* | ContraFect Corp. | 1,126 | 6 |
* | Surgalign Holdings Inc. | 2,555 | 6 |
* | Strongbridge Biopharma plc | 2,024 | 6 |
* | Eloxx Pharmaceuticals Inc. | 1,114 | 5 |
* | Evofem Biosciences Inc. | 1,322 | 5 |
* | GlycoMimetics Inc. | 1,587 | 5 |
* | La Jolla Pharmaceutical Co. | 991 | 5 |
* | Mustang Bio Inc. | 1,545 | 5 |
* | X4 Pharmaceuticals Inc. | 556 | 5 |
* | ADMA Biologics Inc. | 2,351 | 5 |
* | Repro-Med Systems Inc. | 1,258 | 5 |
* | Cabaletta Bio Inc. | 430 | 5 |
* | Oyster Point Pharma Inc. | 251 | 5 |
* | Cidara Therapeutics Inc. | 2,198 | 5 |
* | Aravive Inc. | 626 | 4 |
* | BioSig Technologies Inc. | 888 | 4 |
* | Cyclerion Therapeutics Inc. | 1,008 | 4 |
* | Minerva Neurosciences Inc. | 1,384 | 4 |
* | Optinose Inc. | 1,002 | 4 |
* | Savara Inc. | 2,429 | 4 |
* | Mirum Pharmaceuticals Inc. | 211 | 4 |
* | Exagen Inc. | 194 | 4 |
*,2 | Tobira Therapeutics | 937 | 4 |
* | Lensar Inc. | 420 | 4 |
* | Certara Inc. | 115 | 4 |
* | BioAtla Inc. | 81 | 4 |
* | Signify Health Inc. Class A | 129 | 4 |
* | Marker Therapeutics Inc. | 1,413 | 3 |
* | Recro Pharma Inc. | 800 | 3 |
* | Rockwell Medical Inc. | 2,346 | 3 |
* | Catabasis Pharmaceuticals Inc. | 1,204 | 3 |
* | LogicBio Therapeutics Inc. | 357 | 3 |
* | Soliton Inc. | 247 | 3 |
* | Kaleido Biosciences Inc. | 358 | 3 |
* | Satsuma Pharmaceuticals Inc. | 560 | 3 |
* | Liquidia Corp. | 1,138 | 3 |
* | 89bio Inc. | 131 | 3 |
* | Pandion Therapeutics Inc. | 56 | 3 |
* | Cerecor Inc. | 1,001 | 3 |
* | IMARA Inc. | 253 | 3 |
* | NexImmune Inc. | 100 | 3 |
* | Talis Biomedical Corp. | 186 | 3 |
* | Enochian Biosciences Inc. | 621 | 2 |
* | Aprea Therapeutics Inc. | 294 | 2 |
* | Osmotica Pharmaceuticals plc | 519 | 2 |
* | Graybug Vision Inc. | 118 | 2 |
* | Taysha Gene Therapies Inc. | 63 | 2 |
* | Foghorn Therapeutics Inc. | 90 | 2 |
* | Spruce Biosciences Inc. | 75 | 2 |
* | Cullinan Management Inc. | 59 | 2 |
* | Apria Inc. | 72 | 2 |
* | Bolt Biotherapeutics Inc. | 77 | 2 |
*,2 | Alder Biopharmaceuticals Inc. | 1,247 | 1 |
* | Codiak Biosciences Inc. | 78 | 1 |
* | Angion Biomedica Corp. | 70 | 1 |
* | Decibel Therapeutics Inc. | 60 | 1 |
* | Landos Biopharma Inc. | 69 | 1 |
*,2 | Elanco Animal Health Inc. | 1,951 | — |
*,2 | Synergy Pharmaceuticals Inc. | 12,927 | — |
Shares | Market Value ($000) | ||
* | Progenity Inc. | 82 | — |
*,2 | Progenics Pharmaceuticals Inc. | 4,323 | — |
*,2 | Clinical Data CVR | 32 | — |
*,2 | Omthera Pharmaceutical CVR | 152 | — |
256,369 | |||
Industrials (13.9%) | |||
Visa Inc. Class A | 84,103 | 17,863 | |
Mastercard Inc. Class A | 43,989 | 15,566 | |
* | PayPal Holdings Inc. | 58,591 | 15,225 |
Accenture plc Class A | 31,745 | 7,965 | |
Honeywell International Inc. | 35,098 | 7,102 | |
Union Pacific Corp. | 33,840 | 6,970 | |
Caterpillar Inc. | 26,981 | 5,825 | |
Boeing Co. | 26,659 | 5,652 | |
United Parcel Service Inc. Class B | 35,720 | 5,638 | |
General Electric Co. | 432,715 | 5,426 | |
Raytheon Technologies Corp. | 71,244 | 5,129 | |
3M Co. | 28,035 | 4,908 | |
Deere & Co. | 14,036 | 4,900 | |
American Express Co. | 32,742 | 4,429 | |
Fidelity National Information Services Inc. | 30,833 | 4,255 | |
* | Square Inc. Class A | 18,403 | 4,233 |
Lockheed Martin Corp. | 12,344 | 4,077 | |
Automatic Data Processing Inc. | 21,436 | 3,730 | |
CSX Corp. | 38,042 | 3,483 | |
* | Fiserv Inc. | 28,589 | 3,298 |
Norfolk Southern Corp. | 12,791 | 3,224 | |
Illinois Tool Works Inc. | 15,764 | 3,187 | |
FedEx Corp. | 12,028 | 3,061 | |
Global Payments Inc. | 14,843 | 2,939 | |
Sherwin-Williams Co. | 4,117 | 2,801 | |
Capital One Financial Corp. | 22,424 | 2,695 | |
Eaton Corp. plc | 19,909 | 2,592 | |
Emerson Electric Co. | 29,606 | 2,543 | |
Northrop Grumman Corp. | 7,784 | 2,270 | |
General Dynamics Corp. | 12,699 | 2,076 | |
Johnson Controls International plc | 36,433 | 2,033 | |
DuPont de Nemours Inc. | 26,842 | 1,888 | |
Cummins Inc. | 7,346 | 1,860 | |
Parker-Hannifin Corp. | 6,426 | 1,844 | |
Trane Technologies plc | 11,951 | 1,831 | |
PPG Industries Inc. | 11,756 | 1,585 | |
Carrier Global Corp. | 43,394 | 1,585 | |
PACCAR Inc. | 16,949 | 1,542 | |
* | TransDigm Group Inc. | 2,619 | 1,510 |
Paychex Inc. | 16,091 | 1,465 | |
Cintas Corp. | 4,462 | 1,447 | |
Rockwell Automation Inc. | 5,784 | 1,407 | |
Ball Corp. | 15,829 | 1,352 | |
Stanley Black & Decker Inc. | 7,722 | 1,350 | |
AMETEK Inc. | 11,433 | 1,349 | |
* | Keysight Technologies Inc. | 9,371 | 1,326 |
* | Mettler-Toledo International Inc. | 1,176 | 1,312 |
Verisk Analytics Inc. Class A | 7,941 | 1,301 | |
Otis Worldwide Corp. | 20,397 | 1,300 | |
* | Zebra Technologies Corp. Class A | 2,592 | 1,295 |
Synchrony Financial | 30,004 | 1,161 | |
* | FleetCor Technologies Inc. | 4,153 | 1,152 |
Vulcan Materials Co. | 6,625 | 1,106 | |
* | United Rentals Inc. | 3,552 | 1,056 |
Martin Marietta Materials Inc. | 3,131 | 1,055 |
Shares | Market Value ($000) | ||
Old Dominion Freight Line Inc. | 4,787 | 1,028 | |
* | Generac Holdings Inc. | 3,055 | 1,007 |
Kansas City Southern | 4,693 | 997 | |
Equifax Inc. (XNYS) | 6,077 | 984 | |
Fortive Corp. | 14,946 | 984 | |
* | Trimble Inc. | 12,275 | 910 |
Dover Corp. | 7,253 | 894 | |
Xylem Inc. | 8,817 | 878 | |
Amcor plc | 79,138 | 866 | |
* | StoneCo. Ltd. Class A | 9,939 | 853 |
WW Grainger Inc. | 2,257 | 841 | |
* | Waters Corp. | 3,067 | 840 |
* | Ingersoll Rand Inc. | 17,092 | 792 |
TransUnion | 9,378 | 790 | |
Expeditors International of Washington Inc. | 8,437 | 775 | |
Jacobs Engineering Group Inc. | 6,466 | 744 | |
IDEX Corp. | 3,763 | 734 | |
Masco Corp. | 12,971 | 690 | |
* | Teledyne Technologies Inc. | 1,834 | 680 |
Cognex Corp. | 8,184 | 676 | |
* | Fair Isaac Corp. | 1,428 | 653 |
Westinghouse Air Brake Technologies Corp. | 8,970 | 650 | |
Packaging Corp. of America | 4,738 | 626 | |
Crown Holdings Inc. | 6,444 | 616 | |
JB Hunt Transport Services Inc. | 4,185 | 615 | |
CH Robinson Worldwide Inc. | 6,591 | 599 | |
* | Bill.Com Holdings Inc. | 3,595 | 593 |
Graco Inc. | 8,216 | 570 | |
Quanta Services Inc. | 6,782 | 569 | |
Jack Henry & Associates Inc. | 3,818 | 567 | |
Textron Inc. | 11,240 | 566 | |
Snap-on Inc. | 2,716 | 552 | |
Howmet Aerospace Inc. | 19,508 | 548 | |
Nordson Corp. | 2,838 | 546 | |
Westrock Co. | 12,520 | 546 | |
* | XPO Logistics Inc. | 4,626 | 539 |
* | Trex Co. Inc. | 5,858 | 537 |
Toro Co. | 5,322 | 536 | |
Booz Allen Hamilton Holding Corp. Class A | 6,714 | 518 | |
Allegion plc | 4,713 | 513 | |
* | Axon Enterprise Inc. | 3,087 | 511 |
RPM International Inc. | 6,295 | 501 | |
Western Union Co. | 20,585 | 478 | |
Lennox International Inc. | 1,697 | 475 | |
Hubbell Inc. Class B | 2,614 | 464 | |
* | WEX Inc. | 2,201 | 459 |
Pentair plc | 8,129 | 455 | |
* | Sensata Technologies Holding plc | 7,778 | 446 |
* | Builders FirstSource Inc. | 10,236 | 443 |
MKS Instruments Inc. | 2,679 | 442 | |
* | AECOM | 7,487 | 433 |
Owens Corning | 5,290 | 429 | |
HEICO Corp. Class A | 3,664 | 424 | |
Robert Half International Inc. | 5,430 | 422 | |
AptarGroup Inc. | 3,201 | 416 | |
Watsco Inc. | 1,644 | 400 | |
A O Smith Corp. | 6,680 | 397 | |
* | Middleby Corp. | 2,702 | 396 |
AGCO Corp. | 3,030 | 392 | |
Genpact Ltd. | 9,518 | 385 | |
Donaldson Co. Inc. | 6,490 | 382 |
Shares | Market Value ($000) | ||
Carlisle Cos. Inc. | 2,606 | 379 | |
* | Euronet Worldwide Inc. | 2,448 | 368 |
Tetra Tech Inc. | 2,660 | 368 | |
* | Berry Global Group Inc. | 6,576 | 364 |
* | Paylocity Holding Corp. | 1,901 | 363 |
Huntington Ingalls Industries Inc. | 2,024 | 356 | |
Oshkosh Corp. | 3,312 | 351 | |
ITT Inc. | 4,219 | 350 | |
CoreLogic Inc. | 3,994 | 338 | |
Brunswick Corp. | 3,796 | 335 | |
FLIR Systems Inc. | 6,263 | 334 | |
Sealed Air Corp. | 7,810 | 327 | |
Lincoln Electric Holdings Inc. | 2,761 | 326 | |
Advanced Drainage Systems Inc. | 2,901 | 319 | |
Woodward Inc. | 2,783 | 318 | |
* | Coherent Inc. | 1,285 | 311 |
* | TopBuild Corp. | 1,609 | 306 |
Landstar System Inc. | 1,889 | 303 | |
Littelfuse Inc. | 1,146 | 298 | |
MSA Safety Inc. | 1,827 | 294 | |
HEICO Corp. | 2,314 | 291 | |
* | Axalta Coating Systems Ltd. | 10,597 | 290 |
Sonoco Products Co. | 4,834 | 288 | |
BWX Technologies Inc. | 4,860 | 282 | |
Knight-Swift Transportation Holdings Inc. | 6,504 | 281 | |
Regal Beloit Corp. | 2,021 | 276 | |
MDU Resources Group Inc. | 9,717 | 273 | |
ManpowerGroup Inc. | 2,852 | 269 | |
Louisiana-Pacific Corp. | 5,509 | 262 | |
* | Chart Industries Inc. | 1,823 | 261 |
EMCOR Group Inc. | 2,653 | 258 | |
* | Saia Inc. | 1,279 | 256 |
MAXIMUS Inc. | 3,098 | 252 | |
* | Itron Inc. | 2,124 | 249 |
Eagle Materials Inc. | 1,971 | 247 | |
Flowserve Corp. | 6,478 | 240 | |
Exponent Inc. | 2,471 | 238 | |
* | ASGN Inc. | 2,557 | 238 |
* | Vontier Corp. | 7,532 | 237 |
Air Lease Corp. Class A | 5,152 | 236 | |
Crane Co. | 2,811 | 236 | |
Valmont Industries Inc. | 999 | 236 | |
Acuity Brands Inc. | 1,902 | 235 | |
* | MasTec Inc. | 2,712 | 235 |
* | Colfax Corp. | 5,207 | 231 |
John Bean Technologies Corp. | 1,557 | 230 | |
KBR Inc. | 7,368 | 228 | |
Curtiss-Wright Corp. | 2,052 | 227 | |
* | WillScot Mobile Mini Holdings Corp. Class A | 8,124 | 225 |
* | ACI Worldwide Inc. | 5,737 | 220 |
Allison Transmission Holdings Inc. | 5,740 | 218 | |
Spirit AeroSystems Holdings Inc. Class A | 5,012 | 215 | |
Alliance Data Systems Corp. | 2,206 | 213 | |
Graphic Packaging Holding Co. | 13,264 | 211 | |
Armstrong World Industries Inc. | 2,380 | 204 | |
* | FTI Consulting Inc. | 1,772 | 203 |
* | WESCO International Inc. | 2,520 | 202 |
Simpson Manufacturing Co. Inc. | 2,062 | 201 | |
* | Proto Labs Inc. | 1,369 | 199 |
UniFirst Corp. | 817 | 198 | |
nVent Electric plc | 7,463 | 196 |
Shares | Market Value ($000) | ||
MSC Industrial Direct Co. Inc. Class A | 2,238 | 193 | |
Aerojet Rocketdyne Holdings Inc. | 3,752 | 192 | |
* | AZEK Co. Inc. Class A | 4,334 | 191 |
Brink's Co. | 2,472 | 190 | |
Hillenbrand Inc. | 4,052 | 188 | |
Ryder System Inc. | 2,712 | 184 | |
* | Mercury Systems Inc. | 2,712 | 177 |
Triton International Ltd. | 3,052 | 176 | |
EnerSys | 1,933 | 175 | |
Franklin Electric Co. Inc. | 2,338 | 175 | |
* | Kirby Corp. | 2,802 | 175 |
Altra Industrial Motion Corp. | 3,010 | 174 | |
* | Resideo Technologies Inc. | 7,181 | 172 |
* | AMN Healthcare Services Inc. | 2,365 | 172 |
GATX Corp. | 1,784 | 170 | |
* | Kratos Defense & Security Solutions Inc. | 6,130 | 169 |
Badger Meter Inc. | 1,524 | 165 | |
AAON Inc. | 2,141 | 165 | |
Kennametal Inc. | 4,353 | 163 | |
* | TriNet Group Inc. | 2,035 | 163 |
Applied Industrial Technologies Inc. | 1,893 | 162 | |
HB Fuller Co. | 2,885 | 162 | |
* | Atkore Inc. | 2,331 | 158 |
* | Summit Materials Inc. Class A | 5,700 | 158 |
Korn Ferry | 2,535 | 156 | |
Silgan Holdings Inc. | 4,103 | 154 | |
Insperity Inc. | 1,730 | 153 | |
Terex Corp. | 3,725 | 153 | |
* | Gibraltar Industries Inc. | 1,723 | 151 |
Watts Water Technologies Inc. Class A | 1,293 | 148 | |
* | SPX FLOW Inc. | 2,374 | 146 |
Trinity Industries Inc. | 4,524 | 145 | |
* | Livent Corp. | 7,594 | 141 |
* | Beacon Roofing Supply Inc. | 2,926 | 140 |
Matson Inc. | 1,961 | 136 | |
ABM Industries Inc. | 3,121 | 135 | |
Albany International Corp. Class A | 1,690 | 134 | |
* | Allegheny Technologies Inc. | 6,829 | 134 |
* | Bloom Energy Corp. Class A | 4,699 | 134 |
Maxar Technologies Inc. | 2,805 | 134 | |
* | ExlService Holdings Inc. | 1,545 | 131 |
* | Virgin Galactic Holdings Inc. | 3,432 | 128 |
* | Dycom Industries Inc. | 1,648 | 126 |
Werner Enterprises Inc. | 2,900 | 124 | |
ESCO Technologies Inc. | 1,165 | 123 | |
Barnes Group Inc. | 2,306 | 121 | |
Macquarie Infrastructure Corp. | 3,866 | 121 | |
* | Masonite International Corp. | 1,103 | 121 |
*,3 | API Group Corp. | 6,420 | 119 |
ManTech International Corp. Class A | 1,489 | 116 | |
Moog Inc. Class A | 1,475 | 115 | |
Brady Corp. Class A | 2,150 | 113 | |
* | Green Dot Corp. Class A | 2,372 | 112 |
Installed Building Products Inc. | 1,024 | 112 | |
Fluor Corp. | 6,440 | 111 | |
Forward Air Corp. | 1,278 | 110 | |
* | SPX Corp. | 1,982 | 110 |
Helios Technologies Inc. | 1,659 | 109 | |
* | Hub Group Inc. Class A | 1,887 | 109 |
EVERTEC Inc. | 2,773 | 108 | |
* | AeroVironment Inc. | 975 | 107 |
Shares | Market Value ($000) | ||
* | Meritor Inc. | 3,342 | 102 |
* | Welbilt Inc. | 6,373 | 102 |
Comfort Systems USA Inc. | 1,638 | 101 | |
* | CryoPort Inc. | 1,699 | 101 |
Encore Wire Corp. | 1,524 | 100 | |
* | Navistar International Corp. | 2,275 | 100 |
Cubic Corp. | 1,431 | 99 | |
* | Herc Holdings Inc. | 1,127 | 99 |
Federal Signal Corp. | 2,684 | 98 | |
* | Vicor Corp. | 994 | 98 |
Lindsay Corp. | 605 | 97 | |
Alamo Group Inc. | 606 | 93 | |
* | Verra Mobility Corp. Class A | 6,488 | 92 |
* | Pluralsight Inc. Class A | 4,427 | 91 |
* | FARO Technologies Inc. | 966 | 90 |
Granite Construction Inc. | 2,628 | 90 | |
Belden Inc. | 2,020 | 89 | |
* | JELD-WEN Holding Inc. | 3,004 | 89 |
Mueller Water Products Inc. Class A | 6,914 | 89 | |
* | Cimpress plc | 880 | 87 |
CSW Industrials Inc. | 688 | 86 | |
TTEC Holdings Inc. | 1,026 | 86 | |
Kadant Inc. | 489 | 85 | |
Schneider National Inc. Class B | 3,660 | 85 | |
McGrath RentCorp. | 1,085 | 84 | |
Primoris Services Corp. | 2,517 | 84 | |
O-I Glass Inc. | 7,129 | 83 | |
EnPro Industries Inc. | 992 | 80 | |
Patrick Industries Inc. | 991 | 78 | |
* | Repay Holdings Corp. Class A | 3,430 | 75 |
AZZ Inc. | 1,414 | 72 | |
* | Vivint Smart Home Inc. | 4,226 | 72 |
Otter Tail Corp. | 1,762 | 71 | |
*,1 | Workhorse Group Inc. | 4,418 | 71 |
* | American Woodmark Corp. | 753 | 70 |
ArcBest Corp. | 1,190 | 70 | |
Greenbrier Cos. Inc. | 1,488 | 70 | |
Deluxe Corp. | 1,748 | 69 | |
ICF International Inc. | 832 | 69 | |
* | OSI Systems Inc. | 724 | 69 |
* | Air Transport Services Group Inc. | 2,556 | 68 |
MTS Systems Corp. | 1,161 | 68 | |
* | TriMas Corp. | 2,023 | 68 |
* | Atlas Air Worldwide Holdings Inc. | 1,214 | 67 |
* | CBIZ Inc. | 2,210 | 67 |
* | GMS Inc. | 1,835 | 67 |
* | Sykes Enterprises Inc. | 1,617 | 66 |
* | Cardtronics plc Class A | 1,708 | 66 |
Raven Industries Inc. | 1,647 | 65 | |
Astec Industries Inc. | 948 | 64 | |
ADT Inc. | 8,453 | 64 | |
* | Textainer Group Holdings Ltd. | 2,442 | 64 |
Myers Industries Inc. | 2,824 | 63 | |
* | Ferro Corp. | 3,883 | 62 |
Griffon Corp. | 2,505 | 62 | |
AAR Corp. | 1,570 | 62 | |
Kaman Corp. | 1,227 | 60 | |
Mesa Laboratories Inc. | 222 | 60 | |
Tennant Co. | 792 | 60 | |
* | SEACOR Holdings Inc. | 1,293 | 55 |
Standex International Corp. | 562 | 55 |
Shares | Market Value ($000) | ||
Enerpac Tool Group Corp. Class A | 2,226 | 55 | |
Columbus McKinnon Corp. | 1,069 | 54 | |
* | Huron Consulting Group Inc. | 1,042 | 53 |
* | PGT Innovations Inc. | 2,229 | 53 |
Shyft Group Inc. | 1,625 | 53 | |
* | Parsons Corp. | 1,458 | 52 |
Douglas Dynamics Inc. | 1,028 | 50 | |
* | Evo Payments Inc. Class A | 1,948 | 50 |
* | NV5 Global Inc. | 481 | 50 |
Heartland Express Inc. | 2,622 | 48 | |
H&E Equipment Services Inc. | 1,513 | 47 | |
Kforce Inc. | 899 | 46 | |
Apogee Enterprises Inc. | 1,177 | 44 | |
Marten Transport Ltd. | 2,727 | 44 | |
* | Great Lakes Dredge & Dock Corp. | 2,813 | 43 |
* | MYR Group Inc. | 730 | 43 |
* | Conduent Inc. | 7,860 | 42 |
Greif Inc. Class A | 833 | 40 | |
Hyster-Yale Materials Handling Inc. | 469 | 40 | |
* | U.S. Concrete Inc. | 771 | 40 |
Greif Inc. Class B | 794 | 39 | |
Wabash National Corp. | 2,381 | 39 | |
Frontline Ltd. | 5,663 | 38 | |
* | Echo Global Logistics Inc. | 1,313 | 37 |
* | TrueBlue Inc. | 1,778 | 37 |
Chase Corp. | 336 | 36 | |
Quanex Building Products Corp. | 1,466 | 36 | |
* | Aegion Corp. Class A | 1,362 | 35 |
* | Construction Partners Inc. Class A | 1,213 | 35 |
* | SP Plus Corp. | 1,068 | 35 |
* | Dorian LPG Ltd. | 2,831 | 35 |
* | Donnelley Financial Solutions Inc. | 1,291 | 34 |
Triumph Group Inc. | 2,299 | 34 | |
* | ExOne Co. | 988 | 34 |
Argan Inc. | 655 | 33 | |
* | CIRCOR International Inc. | 903 | 32 |
Heidrick & Struggles International Inc. | 885 | 32 | |
Scorpio Tankers Inc. | 2,145 | 32 | |
CAI International Inc. | 709 | 31 | |
Kelly Services Inc. Class A | 1,494 | 31 | |
* | Modine Manufacturing Co. | 2,245 | 31 |
* | Thermon Group Holdings Inc. | 1,534 | 31 |
SFL Corp. Ltd. | 4,054 | 31 | |
* | Lydall Inc. | 872 | 30 |
* | Gates Industrial Corp. plc | 2,014 | 30 |
Pactiv Evergreen Inc. | 2,153 | 30 | |
* | BrightView Holdings Inc. | 1,832 | 29 |
Cass Information Systems Inc. | 669 | 29 | |
* | Energy Recovery Inc. | 1,662 | 29 |
* | Vectrus Inc. | 527 | 29 |
* | Montrose Environmental Group Inc. | 587 | 29 |
* | Ducommun Inc. | 513 | 28 |
* | Sterling Construction Co. Inc. | 1,217 | 28 |
DHT Holdings Inc. | 4,903 | 27 | |
* | Aspen Aerogels Inc. | 1,187 | 26 |
Insteel Industries Inc. | 854 | 26 | |
* | Manitowoc Co. Inc. | 1,566 | 26 |
* | Ranpak Holdings Corp. Class A | 1,459 | 26 |
* | Tutor Perini Corp. | 1,778 | 26 |
Gorman-Rupp Co. | 790 | 25 | |
Barrett Business Services Inc. | 343 | 24 |
Shares | Market Value ($000) | ||
* | Cornerstone Building Brands Inc. | 2,074 | 24 |
Ennis Inc. | 1,139 | 23 | |
* | Forterra Inc. | 999 | 23 |
* | PAE Inc. | 2,862 | 23 |
* | DXP Enterprises Inc. | 725 | 22 |
* | I3 Verticals Inc. Class A | 668 | 22 |
Luxfer Holdings plc | 1,163 | 22 | |
Costamare Inc. | 2,282 | 22 | |
Ardagh Group SA | 885 | 22 | |
Miller Industries Inc. | 503 | 20 | |
* | Titan Machinery Inc. | 818 | 20 |
* | Willdan Group Inc. | 461 | 20 |
International Seaways Inc. | 1,133 | 20 | |
* | Luna Innovations Inc. | 1,629 | 19 |
* | Cross Country Healthcare Inc. | 1,644 | 18 |
* | ShotSpotter Inc. | 423 | 18 |
Nordic American Tankers Ltd. | 6,160 | 18 | |
* | Blue Bird Corp. | 687 | 17 |
CRA International Inc. | 313 | 17 | |
* | GreenSky Inc. Class A | 3,136 | 17 |
REV Group Inc. | 1,390 | 17 | |
Resources Connection Inc. | 1,356 | 17 | |
* | Acacia Research Corp. | 2,278 | 16 |
* | Astronics Corp. | 1,006 | 16 |
* | IES Holdings Inc. | 339 | 16 |
Kronos Worldwide Inc. | 1,086 | 16 | |
* | Team Inc. | 1,463 | 16 |
Allied Motion Technologies Inc. | 318 | 15 | |
* | Napco Security Technologies Inc. | 479 | 15 |
* | UFP Technologies Inc. | 307 | 15 |
* | Vishay Precision Group Inc. | 454 | 15 |
* | Northwest Pipe Co. | 399 | 14 |
* | Transcat Inc. | 315 | 14 |
U.S. Lime & Minerals Inc. | 102 | 14 | |
VSE Corp. | 369 | 14 | |
LSI Industries Inc. | 1,412 | 13 | |
Park-Ohio Holdings Corp. | 406 | 13 | |
* | Veritiv Corp. | 533 | 13 |
Caesarstone Ltd. | 1,004 | 13 | |
Park Aerospace Corp. | 830 | 12 | |
Powell Industries Inc. | 401 | 12 | |
* | Radiant Logistics Inc. | 1,707 | 12 |
* | CECO Environmental Corp. | 1,327 | 11 |
* | Franklin Covey Co. | 415 | 11 |
* | Lawson Products Inc. | 194 | 10 |
Preformed Line Products Co. | 141 | 10 | |
Hurco Cos. Inc. | 306 | 10 | |
* | Covenant Logistics Group Inc. Class A | 501 | 9 |
* | Daseke Inc. | 1,655 | 9 |
* | HC2 Holdings Inc. | 2,609 | 9 |
* | U.S. Xpress Enterprises Inc. Class A | 991 | 9 |
Universal Logistics Holdings Inc. | 391 | 9 | |
Genco Shipping & Trading Ltd. | 831 | 9 | |
* | L B Foster Co. Class A | 495 | 8 |
* | GP Strategies Corp. | 588 | 8 |
* | PFSweb Inc. | 1,198 | 8 |
* | ServiceSource International Inc. | 5,054 | 8 |
* | Willis Lease Finance Corp. | 253 | 8 |
* | StarTek Inc. | 936 | 8 |
* | Diamond S Shipping Inc. | 978 | 8 |
* | Alpha Pro Tech Ltd. | 604 | 8 |
Shares | Market Value ($000) | ||
* | Eagle Bulk Shipping Inc. | 267 | 8 |
* | DHI Group Inc. | 2,292 | 7 |
EVI Industries Inc. | 183 | 7 | |
* | Mistras Group Inc. | 907 | 7 |
* | Overseas Shipholding Group Inc. Class A | 3,028 | 7 |
Quad/Graphics Inc. | 1,561 | 7 | |
Graham Corp. | 452 | 7 | |
* | Gencor Industries Inc. | 426 | 6 |
* | Information Services Group Inc. | 1,668 | 6 |
* | Paysign Inc. | 1,416 | 6 |
* | Safe Bulkers Inc. | 2,359 | 6 |
BGSF Inc. | 449 | 6 | |
* | Concrete Pumping Holdings Inc. | 795 | 5 |
* | Orion Energy Systems Inc. | 583 | 5 |
Ardmore Shipping Corp. | 1,377 | 5 | |
* | Mayville Engineering Co. Inc. | 367 | 5 |
* | Affirm Holdings Inc. | 59 | 5 |
Eneti Inc. | 250 | 5 | |
* | PAM Transportation Services Inc. | 68 | 4 |
* | Target Hospitality Corp. | 1,517 | 3 |
* | Wrap Technologies Inc. | 558 | 3 |
* | Ibex Ltd. | 136 | 3 |
270,169 | |||
Oil & Gas (0.0%) | |||
* | APA Corp. | 19,397 | 383 |
Other (0.0%)4 | |||
* | BM Technologies Inc. | 206 | 2 |
*,2 | Aduro Biotech Inc. | 656 | 1 |
*,2 | Media General Inc. CVR | 5,133 | — |
*,2 | NewStar Financial Inc. CVR | 943 | — |
3 | |||
Real Estate (3.4%) | |||
American Tower Corp. | 21,973 | 4,749 | |
Prologis Inc. | 36,715 | 3,637 | |
Crown Castle International Corp. | 20,666 | 3,219 | |
Equinix Inc. | 4,418 | 2,864 | |
Digital Realty Trust Inc. | 13,924 | 1,876 | |
Simon Property Group Inc. | 16,203 | 1,830 | |
Public Storage | 7,496 | 1,754 | |
* | CoStar Group Inc. | 1,945 | 1,602 |
Welltower Inc. | 20,996 | 1,426 | |
SBA Communications Corp. Class A | 5,517 | 1,408 | |
* | CBRE Group Inc. Class A | 16,874 | 1,279 |
Weyerhaeuser Co. | 37,515 | 1,271 | |
AvalonBay Communities Inc. | 7,106 | 1,249 | |
Equity Residential | 18,633 | 1,219 | |
Alexandria Real Estate Equities Inc. | 6,726 | 1,074 | |
Realty Income Corp. | 17,716 | 1,068 | |
* | Zillow Group Inc. Class C | 6,475 | 1,045 |
Ventas Inc. | 18,341 | 970 | |
Invitation Homes Inc. | 28,357 | 826 | |
Essex Property Trust Inc. | 3,224 | 821 | |
Extra Space Storage Inc. | 6,327 | 795 | |
Sun Communities Inc. | 5,183 | 788 | |
Mid-America Apartment Communities Inc. | 5,790 | 780 | |
Healthpeak Properties Inc. | 26,440 | 769 | |
Boston Properties Inc. | 7,602 | 754 | |
VICI Properties Inc. | 26,280 | 749 | |
Duke Realty Corp. | 18,669 | 733 | |
Medical Properties Trust Inc. | 29,885 | 645 |
Shares | Market Value ($000) | ||
* | Zillow Group Inc. Class A | 3,688 | 626 |
WP Carey Inc. | 8,980 | 615 | |
UDR Inc. | 14,480 | 596 | |
Host Hotels & Resorts Inc. | 35,426 | 588 | |
Equity LifeStyle Properties Inc. | 8,574 | 529 | |
Iron Mountain Inc. | 14,273 | 497 | |
Camden Property Trust | 4,650 | 484 | |
Gaming and Leisure Properties Inc. | 10,804 | 480 | |
Regency Centers Corp. | 8,462 | 464 | |
Jones Lang LaSalle Inc. | 2,588 | 450 | |
VEREIT Inc. | 10,832 | 422 | |
Omega Healthcare Investors Inc. | 11,174 | 415 | |
American Homes 4 Rent Class A | 13,267 | 413 | |
STORE Capital Corp. | 12,217 | 409 | |
Kimco Realty Corp. | 21,213 | 389 | |
CyrusOne Inc. | 5,815 | 382 | |
Lamar Advertising Co. Class A | 4,343 | 376 | |
* | Redfin Corp. | 4,911 | 372 |
Federal Realty Investment Trust | 3,671 | 371 | |
National Retail Properties Inc. | 8,469 | 371 | |
* | RealPage Inc. | 4,274 | 371 |
Vornado Realty Trust | 8,514 | 366 | |
CubeSmart | 9,651 | 357 | |
Americold Realty Trust | 10,132 | 355 | |
Kilroy Realty Corp. | 5,596 | 355 | |
Apartment Income REIT Corp. | 7,328 | 300 | |
Healthcare Trust of America Inc. Class A | 10,975 | 298 | |
Life Storage Inc. | 3,507 | 294 | |
Rexford Industrial Realty Inc. | 6,020 | 287 | |
American Campus Communities Inc. | 6,789 | 278 | |
Brixmor Property Group Inc. | 14,069 | 277 | |
First Industrial Realty Trust Inc. | 6,461 | 276 | |
EastGroup Properties Inc. | 1,993 | 271 | |
Douglas Emmett Inc. | 7,967 | 261 | |
Park Hotels & Resorts Inc. | 11,626 | 253 | |
SL Green Realty Corp. | 3,667 | 253 | |
Cousins Properties Inc. | 7,164 | 240 | |
STAG Industrial Inc. | 7,592 | 240 | |
CoreSite Realty Corp. | 1,912 | 233 | |
Spirit Realty Capital Inc. | 5,311 | 228 | |
Rayonier Inc. | 6,632 | 216 | |
Hudson Pacific Properties Inc. | 8,098 | 207 | |
Innovative Industrial Properties Inc. | 1,061 | 207 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 3,584 | 202 | |
Healthcare Realty Trust Inc. | 6,947 | 200 | |
Ryman Hospitality Properties Inc. | 2,590 | 200 | |
Highwoods Properties Inc. | 4,953 | 198 | |
* | Howard Hughes Corp. | 2,071 | 196 |
QTS Realty Trust Inc. Class A | 3,073 | 191 | |
JBG SMITH Properties | 5,949 | 189 | |
Physicians Realty Trust | 11,105 | 189 | |
Terreno Realty Corp. | 3,327 | 186 | |
Agree Realty Corp. | 2,828 | 183 | |
Equity Commonwealth | 6,232 | 176 | |
EPR Properties | 3,780 | 171 | |
Sabra Health Care REIT Inc. | 9,593 | 165 | |
Corporate Office Properties Trust | 6,254 | 163 | |
PS Business Parks Inc. | 1,119 | 162 | |
Weingarten Realty Investors | 6,162 | 156 | |
Lexington Realty Trust | 14,468 | 155 | |
PotlatchDeltic Corp. | 3,010 | 153 |
Shares | Market Value ($000) | ||
Apple Hospitality REIT Inc. | 10,273 | 146 | |
Outfront Media Inc. | 7,081 | 144 | |
National Health Investors Inc. | 2,072 | 141 | |
Global Net Lease Inc. | 7,274 | 135 | |
Colony Capital Inc. | 22,447 | 133 | |
Pebblebrook Hotel Trust | 5,870 | 133 | |
Sunstone Hotel Investors Inc. | 10,035 | 133 | |
Essential Properties Realty Trust Inc. | 5,504 | 128 | |
RLJ Lodging Trust | 7,530 | 118 | |
National Storage Affiliates Trust | 3,033 | 117 | |
Xenia Hotels & Resorts Inc. | 5,662 | 113 | |
Uniti Group Inc. | 9,232 | 110 | |
Four Corners Property Trust Inc. | 4,001 | 108 | |
Kennedy-Wilson Holdings Inc. | 5,661 | 106 | |
Retail Properties of America Inc. Class A | 9,691 | 102 | |
DiamondRock Hospitality Co. | 9,891 | 100 | |
Brandywine Realty Trust | 7,879 | 96 | |
CareTrust REIT Inc. | 4,317 | 96 | |
Piedmont Office Realty Trust Inc. Class A | 5,601 | 96 | |
Macerich Co. | 7,271 | 94 | |
Washington REIT | 4,181 | 94 | |
Easterly Government Properties Inc. | 4,221 | 93 | |
Service Properties Trust | 7,220 | 93 | |
SITE Centers Corp. | 6,695 | 89 | |
Urban Edge Properties | 5,111 | 84 | |
Paramount Group Inc. | 8,828 | 82 | |
Mack-Cali Realty Corp. | 5,815 | 81 | |
Acadia Realty Trust | 4,242 | 80 | |
Retail Opportunity Investments Corp. | 5,040 | 80 | |
Empire State Realty Trust Inc. Class A | 7,007 | 77 | |
* | Realogy Holdings Corp. | 5,115 | 77 |
Kite Realty Group Trust | 3,952 | 76 | |
Monmouth Real Estate Investment Corp. | 4,392 | 76 | |
St. Joe Co. | 1,504 | 76 | |
* | Cushman & Wakefield plc | 4,910 | 76 |
Columbia Property Trust Inc. | 5,267 | 74 | |
LTC Properties Inc. | 1,744 | 71 | |
Newmark Group Inc. Class A | 6,762 | 68 | |
Tanger Factory Outlet Centers Inc. | 4,337 | 68 | |
Safehold Inc. | 882 | 67 | |
American Assets Trust Inc. | 2,115 | 66 | |
Office Properties Income Trust | 2,363 | 60 | |
Industrial Logistics Properties Trust | 2,742 | 58 | |
Centerspace | 847 | 58 | |
* | Alexander & Baldwin Inc. | 3,291 | 57 |
Independence Realty Trust Inc. | 4,081 | 57 | |
Diversified Healthcare Trust | 11,531 | 52 | |
Community Healthcare Trust Inc. | 1,123 | 49 | |
Getty Realty Corp. | 1,737 | 49 | |
NexPoint Residential Trust Inc. | 1,185 | 49 | |
Summit Hotel Properties Inc. | 4,722 | 49 | |
American Finance Trust Inc. | 5,075 | 45 | |
Colony Credit Real Estate Inc. | 5,331 | 44 | |
CoreCivic Inc. | 6,008 | 43 | |
GEO Group Inc. | 5,951 | 43 | |
Broadstone Net Lease Inc. Class A | 2,249 | 41 | |
Global Medical REIT Inc. | 2,982 | 40 | |
RPT Realty | 3,620 | 40 | |
Universal Health Realty Income Trust | 653 | 40 | |
* | Marcus & Millichap Inc. | 1,043 | 39 |
CatchMark Timber Trust Inc. Class A | 3,413 | 35 |
Shares | Market Value ($000) | ||
Gladstone Commercial Corp. | 1,892 | 35 | |
Apartment Investment and Management Co. Class A | 7,318 | 35 | |
Armada Hoffler Properties Inc. | 2,600 | 34 | |
RE/MAX Holdings Inc. Class A | 777 | 32 | |
Brookfield Property REIT Inc. Class A | 1,768 | 31 | |
Seritage Growth Properties Class A | 1,533 | 31 | |
Chatham Lodging Trust | 2,125 | 30 | |
RMR Group Inc. Class A | 701 | 28 | |
UMH Properties Inc. | 1,568 | 27 | |
Alexander's Inc. | 97 | 26 | |
Farmland Partners Inc. | 2,203 | 26 | |
Gladstone Land Corp. | 1,380 | 25 | |
City Office REIT Inc. | 2,401 | 24 | |
Franklin Street Properties Corp. | 4,706 | 23 | |
New Senior Investment Group Inc. | 3,730 | 23 | |
Urstadt Biddle Properties Inc. Class A | 1,341 | 22 | |
* | Fathom Holdings Inc. | 489 | 21 |
* | Rafael Holdings Inc. Class B | 537 | 19 |
Saul Centers Inc. | 532 | 19 | |
NETSTREIT Corp. | 1,107 | 19 | |
Hersha Hospitality Trust Class A | 1,621 | 18 | |
Preferred Apartment Communities Inc. Class A | 2,190 | 18 | |
Ares Commercial Real Estate Corp. | 1,219 | 17 | |
CorePoint Lodging Inc. | 1,878 | 17 | |
Whitestone REIT | 1,797 | 17 | |
* | FRP Holdings Inc. | 329 | 15 |
* | Tejon Ranch Co. | 938 | 15 |
Plymouth Industrial REIT Inc. | 930 | 14 | |
CTO Realty Growth Inc. | 279 | 14 | |
* | Forestar Group Inc. | 603 | 13 |
One Liberty Properties Inc. | 605 | 13 | |
Clipper Realty Inc. | 1,390 | 12 | |
Retail Value Inc. | 707 | 12 | |
CIM Commercial Trust Corp. | 979 | 12 | |
Bluerock Residential Growth REIT Inc. Class A | 1,054 | 11 | |
Alpine Income Property Trust Inc. | 573 | 10 | |
Indus Realty Trust Inc. | 161 | 10 | |
* | PICO Holdings Inc. | 831 | 8 |
BRT Apartments Corp. | 474 | 8 | |
* | Stratus Properties Inc. | 299 | 7 |
CorEnergy Infrastructure Trust Inc. | 611 | 5 | |
Tiptree Inc. | 1,054 | 5 | |
* | Maui Land & Pineapple Co. Inc. | 334 | 4 |
* | Avalon GloboCare Corp. | 1,381 | 2 |
* | Transcontinental Realty Investors Inc. | 95 | 2 |
65,861 | |||
Technology (26.1%) | |||
Apple Inc. | 805,073 | 97,623 | |
Microsoft Corp. | 373,453 | 86,783 | |
* | Facebook Inc. Class A | 119,783 | 30,858 |
* | Alphabet Inc. Class A | 14,900 | 30,126 |
* | Alphabet Inc. Class C | 14,575 | 29,687 |
NVIDIA Corp. | 29,443 | 16,152 | |
Intel Corp. | 204,650 | 12,439 | |
* | Adobe Inc. | 23,973 | 11,020 |
* | salesforce.com Inc. | 43,730 | 9,468 |
Broadcom Inc. | 19,673 | 9,244 | |
Texas Instruments Inc. | 45,656 | 7,865 | |
QUALCOMM Inc. | 56,107 | 7,641 | |
Oracle Corp. | 93,947 | 6,061 | |
Applied Materials Inc. | 45,759 | 5,408 |
Shares | Market Value ($000) | ||
International Business Machines Corp. | 44,334 | 5,273 | |
* | ServiceNow Inc. | 9,680 | 5,164 |
* | Micron Technology Inc. | 55,494 | 5,079 |
* | Advanced Micro Devices Inc. | 59,722 | 5,047 |
Intuit Inc. | 12,543 | 4,894 | |
Lam Research Corp. | 7,219 | 4,095 | |
* | Zoom Video Communications Inc. Class A | 8,495 | 3,174 |
* | Autodesk Inc. | 10,932 | 3,017 |
* | Twitter Inc. | 38,960 | 3,002 |
Analog Devices Inc. | 18,399 | 2,867 | |
* | Twilio Inc. Class A | 7,162 | 2,814 |
KLA Corp. | 7,758 | 2,415 | |
* | Workday Inc. Class A | 8,809 | 2,160 |
* | DocuSign Inc. Class A | 8,910 | 2,020 |
HP Inc. | 68,657 | 1,989 | |
Roper Technologies Inc. | 5,230 | 1,975 | |
Cognizant Technology Solutions Corp. Class A | 26,691 | 1,961 | |
* | Cadence Design Systems Inc. | 13,824 | 1,950 |
Microchip Technology Inc. | 12,521 | 1,911 | |
* | Synopsys Inc. | 7,590 | 1,861 |
Amphenol Corp. Class A | 14,645 | 1,841 | |
* | Match Group Inc. | 11,201 | 1,712 |
* | Palo Alto Networks Inc. | 4,665 | 1,671 |
* | Crowdstrike Holdings Inc. Class A | 7,575 | 1,636 |
* | Pinterest Inc. Class A | 20,094 | 1,619 |
Marvell Technology Group Ltd. | 33,299 | 1,608 | |
Xilinx Inc. | 12,215 | 1,592 | |
* | Atlassian Corp. plc Class A | 6,577 | 1,563 |
* | Okta Inc. | 5,767 | 1,508 |
* | RingCentral Inc. Class A | 3,937 | 1,489 |
Skyworks Solutions Inc. | 8,349 | 1,485 | |
* | ANSYS Inc. | 4,309 | 1,469 |
Corning Inc. | 37,699 | 1,442 | |
Maxim Integrated Products Inc. | 13,306 | 1,240 | |
* | Coupa Software Inc. | 3,451 | 1,195 |
* | Splunk Inc. | 7,997 | 1,144 |
CDW Corp. | 7,159 | 1,123 | |
* | Fortinet Inc. | 6,556 | 1,107 |
* | HubSpot Inc. | 2,077 | 1,070 |
Western Digital Corp. | 15,356 | 1,052 | |
Teradyne Inc. | 8,143 | 1,047 | |
* | Dell Technologies Class C | 12,721 | 1,031 |
* | VeriSign Inc. | 5,069 | 984 |
* | EPAM Systems Inc. | 2,618 | 978 |
* | Qorvo Inc. | 5,599 | 978 |
* | MongoDB Inc. | 2,504 | 966 |
Hewlett Packard Enterprise Co. | 66,074 | 962 | |
* | Tyler Technologies Inc. | 2,016 | 934 |
* | Paycom Software Inc. | 2,479 | 928 |
* | IAC/Inter Active Corp. | 3,702 | 906 |
* | Zendesk Inc. | 5,694 | 832 |
Citrix Systems Inc. | 6,190 | 827 | |
* | ON Semiconductor Corp. | 20,026 | 806 |
* | Arista Networks Inc. | 2,877 | 805 |
Monolithic Power Systems Inc. | 2,126 | 796 | |
* | Slack Technologies Inc. Class A | 19,075 | 781 |
* | Gartner Inc. | 4,259 | 763 |
SS&C Technologies Holdings Inc. | 11,439 | 758 | |
* | Akamai Technologies Inc. | 8,015 | 757 |
* | Zscaler Inc. | 3,554 | 729 |
Entegris Inc. | 6,794 | 715 |
Shares | Market Value ($000) | ||
* | Datadog Inc. Class A | 7,489 | 715 |
* | PTC Inc. | 5,160 | 707 |
NetApp Inc. | 10,983 | 688 | |
* | GoDaddy Inc. Class A | 8,225 | 667 |
* | Avalara Inc. | 4,044 | 635 |
* | Nuance Communications Inc. | 14,180 | 632 |
* | Cree Inc. | 5,450 | 618 |
Leidos Holdings Inc. | 6,787 | 600 | |
* | F5 Networks Inc. | 3,097 | 588 |
* | Black Knight Inc. | 7,653 | 587 |
* | Five9 Inc. | 3,037 | 563 |
* | VMware Inc. Class A | 4,034 | 558 |
NortonLifeLock Inc. | 27,426 | 535 | |
* | Aspen Technology Inc. | 3,472 | 523 |
Amdocs Ltd. | 6,747 | 511 | |
* | Ceridian HCM Holding Inc. | 5,691 | 510 |
Universal Display Corp. | 2,192 | 464 | |
* | Guidewire Software Inc. | 4,084 | 453 |
* | Dynatrace Inc. | 8,879 | 442 |
* | Elastic NV | 3,257 | 438 |
* | Anaplan Inc. | 6,699 | 435 |
* | II-VI Inc. | 5,135 | 433 |
* | IPG Photonics Corp. | 1,791 | 407 |
* | Globant SA | 1,871 | 402 |
* | Cloudflare Inc. Class A | 5,392 | 399 |
* | Arrow Electronics Inc. | 3,891 | 390 |
* | Inphi Corp. | 2,359 | 388 |
* | Smartsheet Inc. Class A | 5,472 | 379 |
* | Manhattan Associates Inc. | 3,069 | 377 |
* | Proofpoint Inc. | 2,830 | 342 |
* | Silicon Laboratories Inc. | 2,148 | 335 |
* | Lattice Semiconductor Corp. | 6,616 | 318 |
Jabil Inc. | 7,252 | 313 | |
DXC Technology Co. | 12,321 | 311 | |
* | Blackline Inc. | 2,488 | 309 |
Brooks Automation Inc. | 3,717 | 309 | |
* | Appian Corp. Class A | 1,789 | 308 |
CDK Global Inc. | 6,031 | 302 | |
* | Varonis Systems Inc. Class B | 1,644 | 302 |
* | Q2 Holdings Inc. | 2,464 | 300 |
* | Grubhub Inc. | 4,667 | 299 |
* | Nutanix Inc. Class A | 9,740 | 295 |
* | CACI International Inc. Class A | 1,285 | 284 |
* | Fastly Inc. Class A | 3,842 | 283 |
* | Pure Storage Inc. Class A | 11,965 | 280 |
National Instruments Corp. | 6,232 | 277 | |
* | Change Healthcare Inc. | 11,763 | 269 |
* | Everbridge Inc. | 1,745 | 267 |
* | Magnite Inc. | 5,435 | 266 |
* | MicroStrategy Inc. Class A | 353 | 265 |
* | Dropbox Inc. Class A | 11,670 | 263 |
Power Integrations Inc. | 2,969 | 262 | |
Pegasystems Inc. | 1,964 | 260 | |
* | Alteryx Inc. Class A | 2,698 | 258 |
Science Applications International Corp. | 2,978 | 256 | |
* | Upwork Inc. | 4,711 | 254 |
* | J2 Global Inc. | 2,216 | 247 |
CMC Materials Inc. | 1,446 | 247 | |
* | Concentrix Corp. | 1,976 | 244 |
* | Semtech Corp. | 3,271 | 240 |
* | Sailpoint Technologies Holdings Inc. | 4,216 | 238 |
Shares | Market Value ($000) | ||
* | Cirrus Logic Inc. | 2,849 | 233 |
* | NCR Corp. | 6,610 | 230 |
Vertiv Holdings Co. Class A | 10,937 | 229 | |
* | Novanta Inc. | 1,706 | 226 |
* | Teradata Corp. | 5,565 | 223 |
* | Synaptics Inc. | 1,646 | 221 |
* | 3D Systems Corp. | 6,174 | 221 |
Xerox Holdings Corp. | 8,627 | 220 | |
* | FireEye Inc. | 11,317 | 219 |
* | Covetrus Inc. | 5,873 | 218 |
Advanced Energy Industries Inc. | 2,010 | 210 | |
* | Alarm.com Holdings Inc. | 2,374 | 209 |
* | LivePerson Inc. | 3,177 | 208 |
Perspecta Inc. | 7,105 | 207 | |
* | Rapid7 Inc. | 2,685 | 205 |
* | Cerence Inc. | 1,817 | 202 |
* | LiveRamp Holdings Inc. | 3,087 | 195 |
Avnet Inc. | 5,063 | 193 | |
* | Ambarella Inc. | 1,683 | 189 |
* | Workiva Inc. Class A | 1,853 | 187 |
* | Medallia Inc. | 4,559 | 184 |
Vishay Intertechnology Inc. | 7,599 | 181 | |
* | Rogers Corp. | 984 | 179 |
SYNNEX Corp. | 1,981 | 177 | |
* | Fabrinet | 1,989 | 176 |
* | FormFactor Inc. | 3,778 | 171 |
* | SPS Commerce Inc. | 1,670 | 168 |
* | New Relic Inc. | 2,712 | 166 |
* | Diodes Inc. | 2,097 | 165 |
* | Onto Innovation Inc. | 2,650 | 165 |
Blackbaud Inc. | 2,363 | 163 | |
* | Envestnet Inc. | 2,514 | 161 |
* | Cloudera Inc. | 9,935 | 160 |
* | Verint Systems Inc. | 3,205 | 158 |
* | Qualys Inc. | 1,608 | 156 |
* | Tenable Holdings Inc. | 3,725 | 152 |
* | MACOM Technology Solutions Holdings Inc. Class H | 2,283 | 147 |
* | Unity Software Inc. | 1,363 | 147 |
* | PagerDuty Inc. | 3,255 | 146 |
* | Cornerstone OnDemand Inc. | 2,852 | 144 |
* | MaxLinear Inc. | 3,610 | 144 |
* | Schrodinger Inc. | 1,397 | 143 |
* | CommVault Systems Inc. | 2,217 | 141 |
* | Bandwidth Inc. Class A | 886 | 140 |
* | Insight Enterprises Inc. | 1,669 | 139 |
* | Appfolio Inc. Class A | 844 | 138 |
* | Yelp Inc. Class A | 3,412 | 129 |
* | Altair Engineering Inc. Class A | 2,067 | 127 |
* | Box Inc. Class A | 6,926 | 127 |
* | SVMK Inc. | 6,564 | 122 |
* | Allscripts Healthcare Solutions Inc. | 7,512 | 116 |
* | TechTarget Inc. | 1,382 | 116 |
* | Mimecast Ltd. | 2,685 | 115 |
* | Sanmina Corp. | 3,187 | 114 |
* | Plexus Corp. | 1,312 | 110 |
* | Ultra Clean Holdings Inc. | 2,371 | 110 |
* | Avaya Holdings Corp. | 3,671 | 109 |
Progress Software Corp. | 2,562 | 109 | |
Shutterstock Inc. | 1,233 | 109 | |
Amkor Technology Inc. | 4,437 | 106 | |
* | Cargurus Inc. | 4,098 | 106 |
Shares | Market Value ($000) | ||
* | Rambus Inc. | 5,051 | 106 |
* | Calix Inc. | 2,648 | 105 |
* | Bottomline Technologies DE Inc. | 2,316 | 104 |
NIC Inc. | 2,885 | 100 | |
* | PAR Technology Corp. | 1,154 | 100 |
Xperi Holding Corp. | 4,717 | 100 | |
* | Dun & Bradstreet Holdings Inc. | 4,562 | 100 |
* | Sprout Social Inc. Class A | 1,403 | 95 |
* | Cognyte Software Ltd. | 3,196 | 92 |
* | NetScout Systems Inc. | 3,148 | 89 |
* | PROS Holdings Inc. | 1,882 | 89 |
* | Duck Creek Technologies Inc. | 1,883 | 89 |
Cohu Inc. | 1,891 | 82 | |
* | Domo Inc. Class B | 1,276 | 81 |
* | Upland Software Inc. | 1,630 | 81 |
* | Perficient Inc. | 1,434 | 80 |
* | Yext Inc. | 4,747 | 80 |
* | Unisys Corp. | 3,082 | 76 |
* | Zuora Inc. Class A | 5,023 | 75 |
* | Jamf Holding Corp. | 1,975 | 74 |
* | Model N Inc. | 1,707 | 72 |
Methode Electronics Inc. | 1,775 | 69 | |
Switch Inc. Class A | 3,952 | 69 | |
* | Allegro MicroSystems Inc. | 2,648 | 69 |
* | CSG Systems International Inc. | 1,483 | 68 |
* | Super Micro Computer Inc. | 2,018 | 66 |
Pitney Bowes Inc. | 7,692 | 65 | |
Simulations Plus Inc. | 900 | 65 | |
* | Eventbrite Inc. Class A | 3,202 | 64 |
* | TTM Technologies Inc. | 4,556 | 64 |
* | Vroom Inc. | 1,434 | 63 |
* | CEVA Inc. | 1,012 | 62 |
* | nLight Inc. | 1,541 | 59 |
* | ePlus Inc. | 617 | 58 |
* | nCino Inc. | 855 | 58 |
* | Agilysys Inc. | 951 | 57 |
* | Axcelis Technologies Inc. | 1,434 | 53 |
* | Impinj Inc. | 822 | 53 |
* | Diebold Nixdorf Inc. | 3,503 | 51 |
* | Sitime Corp. | 519 | 51 |
McAfee Corp.Class A | 2,395 | 50 | |
Benchmark Electronics Inc. | 1,724 | 49 | |
* | Ping Identity Holding Corp. | 2,086 | 49 |
* | Groupon Inc. Class A | 1,120 | 49 |
CTS Corp. | 1,493 | 48 | |
* | Veeco Instruments Inc. | 2,128 | 46 |
* | BigCommerce Holdings Inc. Series 1 | 766 | 45 |
* | Brightcove Inc. | 1,962 | 43 |
* | Veritone Inc. | 1,157 | 42 |
* | Ichor Holdings Ltd. | 978 | 42 |
* | JFrog Ltd. | 779 | 42 |
* | Rackspace Technology Inc. | 1,972 | 41 |
* | Mediaalpha Inc. Class A | 766 | 40 |
Sapiens International Corp. NV | 1,259 | 39 | |
* | OneSpan Inc. | 1,545 | 36 |
* | Blucora Inc. | 2,180 | 35 |
Ebix Inc. | 1,441 | 35 | |
* | Photronics Inc. | 2,909 | 35 |
QAD Inc. Class A | 543 | 35 | |
* | Sumo Logic Inc. | 1,142 | 35 |
* | SolarWinds Corp. | 2,081 | 34 |
Shares | Market Value ($000) | ||
* | Datto Holding Corp. | 1,467 | 34 |
* | EverQuote Inc. Class A | 678 | 33 |
* | Tucows Inc. Class A | 412 | 33 |
* | A10 Networks Inc. | 3,428 | 32 |
* | ScanSource Inc. | 1,113 | 32 |
* | Alpha & Omega Semiconductor Ltd. | 864 | 30 |
* | Avid Technology Inc. | 1,512 | 29 |
* | SMART Global Holdings Inc. | 624 | 29 |
* | Mitek Systems Inc. | 1,852 | 28 |
American Software Inc. Class A | 1,329 | 27 | |
* | ChannelAdvisor Corp. | 1,206 | 27 |
* | NeoPhotonics Corp. | 2,741 | 26 |
* | TrueCar Inc. | 4,870 | 26 |
* | GAN Ltd. | 1,031 | 26 |
* | AXT Inc. | 1,968 | 25 |
* | Kimball Electronics Inc. | 1,060 | 25 |
* | PDF Solutions Inc. | 1,354 | 25 |
* | Forrester Research Inc. | 522 | 24 |
PC Connection Inc. | 518 | 24 | |
* | Atomera Inc. | 858 | 24 |
* | Arlo Technologies Inc. | 3,179 | 22 |
VirnetX Holding Corp. | 3,054 | 21 | |
* | Benefitfocus Inc. | 1,346 | 20 |
* | Zix Corp. | 2,643 | 19 |
* | Digimarc Corp. | 492 | 18 |
* | Grid Dynamics Holdings Inc. | 1,237 | 18 |
Computer Programs and Systems Inc. | 548 | 17 | |
Hackett Group Inc. | 1,097 | 17 | |
* | DSP Group Inc. | 1,029 | 16 |
* | Limelight Networks Inc. | 4,976 | 16 |
NVE Corp. | 217 | 15 | |
* | Waitr Holdings Inc. | 4,587 | 15 |
* | Intellicheck Inc. | 1,228 | 15 |
* | Quantum Corp. | 1,828 | 15 |
* | Immersion Corp. | 1,279 | 13 |
* | Smith Micro Software Inc. | 1,924 | 13 |
* | GTY Technologies Holdings Inc. | 1,840 | 13 |
* | Intelligent Systems Corp. | 300 | 12 |
* | eGain Corp. | 949 | 11 |
* | Red Violet Inc. | 492 | 11 |
* | Asure Software Inc. | 1,293 | 10 |
* | comScore Inc. | 2,626 | 10 |
* | Intevac Inc. | 1,593 | 10 |
* | Iteris Inc. | 1,854 | 10 |
* | Rimini Street Inc. | 1,259 | 10 |
* | PCTEL Inc. | 1,295 | 10 |
* | Palantir Technologies Inc. Class A | 414 | 10 |
Daktronics Inc. | 1,663 | 9 | |
* | Pixelworks Inc. | 2,633 | 9 |
* | CyberOptics Corp. | 336 | 9 |
* | Synchronoss Technologies Inc. | 1,706 | 8 |
* | Beyond Air Inc. | 1,225 | 7 |
* | Research Frontiers Inc. | 1,617 | 6 |
* | SecureWorks Corp. Class A | 401 | 6 |
* | GSI Technology Inc. | 789 | 6 |
* | Mastech Digital Inc. | 364 | 6 |
* | Telos Corp. | 168 | 6 |
* | Qualtrics International Inc. Class A | 132 | 5 |
* | DoorDash Inc. Class A | 25 | 4 |
* | PubMatic Inc. Class A | 57 | 4 |
* | Bumble Inc. Class A | 61 | 4 |
Shares | Market Value ($000) | ||
* | Viant Technology Inc. Class A | 42 | 2 |
* | ON24 Inc. | 43 | 2 |
* | Asana Inc. Class A | 41 | 1 |
508,964 | |||
Telecommunications (3.3%) | |||
Comcast Corp. Class A | 226,126 | 11,921 | |
Verizon Communications Inc. | 206,139 | 11,399 | |
AT&T Inc. | 355,694 | 9,920 | |
Cisco Systems Inc. | 211,661 | 9,497 | |
* | Charter Communications Inc. Class A | 7,230 | 4,435 |
* | T-Mobile US Inc. | 27,505 | 3,300 |
* | Roku Inc. | 5,436 | 2,150 |
L3Harris Technologies Inc. | 10,480 | 1,906 | |
Motorola Solutions Inc. | 8,539 | 1,498 | |
* | Liberty Broadband Corp. Class C | 8,274 | 1,237 |
Lumen Technologies Inc. | 54,547 | 670 | |
Cable One Inc. | 272 | 521 | |
* | Altice USA Inc. Class A | 14,693 | 494 |
* | Ciena Corp. | 7,737 | 404 |
* | DISH Network Corp. Class A | 12,494 | 394 |
Juniper Networks Inc. | 15,940 | 371 | |
* | Lumentum Holdings Inc. | 3,762 | 339 |
* | Acacia Communications Inc. | 1,975 | 227 |
* | Iridium Communications Inc. | 5,690 | 218 |
* | Viavi Solutions Inc. | 12,529 | 203 |
* | 8x8 Inc. | 5,456 | 187 |
* | Comm Scope Holding Co. Inc. | 10,918 | 159 |
* | Vonage Holdings Corp. | 11,231 | 148 |
* | Liberty Broadband Corp. Class A | 1,005 | 146 |
* | ViaSat Inc. | 2,710 | 139 |
Ubiquiti Inc. | 412 | 131 | |
Shenandoah Telecommunications Co. | 2,695 | 120 | |
Cogent Communications Holdings Inc. | 1,976 | 118 | |
InterDigital Inc. | 1,413 | 90 | |
Telephone and Data Systems Inc. | 4,854 | 87 | |
* | Liberty Latin America Ltd. Class C | 7,739 | 85 |
* | Infinera Corp. | 7,558 | 74 |
Plantronics Inc. | 1,589 | 64 | |
* | Vocera Communications Inc. | 1,455 | 62 |
* | NETGEAR Inc. | 1,499 | 60 |
* | Extreme Networks Inc. | 5,468 | 50 |
* | EchoStar Corp. Class A | 2,112 | 48 |
* | Inseego Corp. | 3,313 | 48 |
* | Harmonic Inc. | 5,806 | 45 |
* | Cincinnati Bell Inc. | 2,680 | 41 |
* | WideOpenWest Inc. | 2,890 | 41 |
ADTRAN Inc. | 2,287 | 39 | |
Comtech Telecommunications Corp. | 1,112 | 30 | |
* | Anterix Inc. | 690 | 29 |
* | Digi International Inc. | 1,191 | 28 |
* | Gogo Inc. | 2,291 | 27 |
Loral Space & Communications Inc. | 620 | 27 | |
* | ORBCOMM Inc. | 3,564 | 27 |
ATN International Inc. | 521 | 25 | |
* | Boingo Wireless Inc. | 2,045 | 23 |
* | Ribbon Communications Inc. | 2,678 | 23 |
* | Liberty Latin America Ltd. Class A | 2,061 | 23 |
* | U.S. Cellular Corp. | 720 | 21 |
* | Resonant Inc. | 3,462 | 18 |
* | CalAmp Corp. | 1,519 | 17 |
* | Consolidated Communications Holdings Inc. | 3,248 | 17 |
Shares | Market Value ($000) | ||
* | Clearfield Inc. | 498 | 16 |
* | IDT Corp. Class B | 759 | 14 |
* | Ooma Inc. | 868 | 14 |
* | Powerfleet Inc. | 1,798 | 14 |
* | Casa Systems Inc. | 1,540 | 13 |
* | Genasys Inc. | 1,844 | 13 |
Alaska Communications Systems Group Inc. | 3,532 | 12 | |
* | KVH Industries Inc. | 798 | 11 |
Spok Holdings Inc. | 888 | 10 | |
Bel Fuse Inc. Class B | 501 | 9 | |
* | Hemisphere Media Group Inc. Class A | 805 | 9 |
* | DZS Inc. | 500 | 8 |
* | Applied Optoelectronics Inc. | 793 | 7 |
* | GTT Communications Inc. | 1,485 | 3 |
63,574 | |||
Utilities (2.6%) | |||
NextEra Energy Inc. | 97,390 | 7,156 | |
Duke Energy Corp. | 36,723 | 3,143 | |
Southern Co. | 52,830 | 2,997 | |
Dominion Energy Inc. | 40,777 | 2,786 | |
Waste Management Inc. | 21,096 | 2,339 | |
Exelon Corp. | 48,717 | 1,881 | |
American Electric Power Co. Inc. | 24,688 | 1,848 | |
Sempra Energy | 14,466 | 1,678 | |
Xcel Energy Inc. | 26,168 | 1,533 | |
Eversource Energy | 17,178 | 1,365 | |
Public Service Enterprise Group Inc. | 25,253 | 1,359 | |
American Water Works Co. Inc. | 8,965 | 1,272 | |
WEC Energy Group Inc. | 15,727 | 1,268 | |
DTE Energy Co. | 9,618 | 1,132 | |
Consolidated Edison Inc. | 16,695 | 1,096 | |
PPL Corp. | 38,057 | 997 | |
Republic Services Inc. Class A | 10,709 | 954 | |
Edison International | 17,644 | 953 | |
FirstEnergy Corp. | 27,207 | 902 | |
Ameren Corp. | 12,364 | 869 | |
AES Corp. | 32,537 | 864 | |
Entergy Corp. | 9,910 | 860 | |
CMS Energy Corp. | 14,091 | 762 | |
* | PG&E Corp. | 65,367 | 687 |
Evergy Inc. | 11,474 | 615 | |
Alliant Energy Corp. | 12,455 | 575 | |
Atmos Energy Corp. | 6,346 | 537 | |
CenterPoint Energy Inc. | 25,329 | 492 | |
Essential Utilities Inc. | 11,201 | 471 | |
* | Sunrun Inc. | 7,349 | 460 |
NRG Energy Inc. | 11,877 | 434 | |
NiSource Inc. | 19,436 | 420 | |
Vistra Corp. | 24,156 | 417 | |
UGI Corp. | 10,500 | 402 | |
Pinnacle West Capital Corp. | 5,582 | 390 | |
* | Stericycle Inc. | 4,604 | 299 |
OGE Energy Corp. | 9,744 | 285 | |
Brookfield Renewable Corp. Class A | 5,780 | 267 | |
IDACORP Inc. | 2,561 | 221 | |
* | Clean Harbors Inc. | 2,517 | 214 |
National Fuel Gas Co. | 4,431 | 201 | |
PNM Resources Inc. | 4,151 | 199 | |
Hawaiian Electric Industries Inc. | 5,210 | 182 | |
Portland General Electric Co. | 4,247 | 179 | |
ALLETE Inc. | 2,860 | 178 |
Shares | Market Value ($000) | ||
Ormat Technologies Inc. | 2,083 | 178 | |
New Jersey Resources Corp. | 4,497 | 177 | |
Black Hills Corp. | 2,949 | 174 | |
ONE Gas Inc. | 2,582 | 173 | |
* | Southwest Gas Holdings Inc. | 2,775 | 173 |
Spire Inc. | 2,587 | 172 | |
* | Casella Waste Systems Inc. Class A | 2,516 | 146 |
California Water Service Group | 2,624 | 144 | |
American States Water Co. | 1,949 | 142 | |
Avangrid Inc. | 3,051 | 140 | |
NorthWestern Corp. | 2,235 | 131 | |
Avista Corp. | 3,208 | 129 | |
MGE Energy Inc. | 1,891 | 120 | |
* | Evoqua Water Technologies Corp. | 4,797 | 118 |
South Jersey Industries Inc. | 4,556 | 114 | |
* | Sunnova Energy International Inc. | 2,532 | 114 |
Clearway Energy Inc. Class C | 3,850 | 106 | |
Brookfield Infrastructure Corp. Class A | 1,497 | 99 | |
Chesapeake Utilities Corp. | 749 | 79 | |
Covanta Holding Corp. | 5,354 | 75 | |
SJW Group | 1,125 | 71 | |
Northwest Natural Holding Co. | 1,271 | 61 | |
Clearway Energy Inc. Class A | 2,274 | 60 | |
* | Harsco Corp. | 3,657 | 60 |
Middlesex Water Co. | 810 | 56 | |
U.S. Ecology Inc. | 1,396 | 53 | |
Unitil Corp. | 876 | 37 | |
York Water Co. | 583 | 24 | |
* | Pure Cycle Corp. | 1,671 | 20 |
Global Water Resources Inc. | 1,129 | 20 | |
* | Heritage-Crystal Clean Inc. | 723 | 19 |
* | Cadiz Inc. | 1,480 | 16 |
* | Sharps Compliance Corp. | 1,142 | 15 |
Artesian Resources Corp. Class A | 356 | 13 | |
* | Atlantic Power Corp. | 4,607 | 13 |
Consolidated Water Co. Ltd. | 712 | 9 | |
RGC Resources Inc. | 351 | 8 | |
Genie Energy Ltd. Class B | 824 | 6 | |
Spark Energy Inc. Class A | 617 | 6 | |
Advanced Emissions Solutions Inc. | 726 | 4 | |
51,414 | |||
Total Common Stocks (Cost $1,319,065) | 1,941,912 |
Shares | Market Value ($000) | ||
Temporary Cash Investments (0.0%) | |||
Money Market Fund (0.0%) | |||
5,6 | Vanguard Market Liquidity Fund, 0.099% (Cost $699) | 6,990 | 699 |
Total Investments (99.6%) (Cost $1,319,764) | 1,942,611 | ||
Other Assets and Liabilities—Net (0.4%) | 7,816 | ||
Net Assets (100%) | 1,950,427 | ||
Cost is in $000. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $639,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2021, the aggregate value was $119,000, representing 0.0% of net assets. |
4 | “Other” represents securities that are not classified by the fund’s benchmark index. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
6 | Collateral of $689,000 was received for securities on loan. |
CVR—Contingent Value Rights. | |
REIT—Real Estate Investment Trust. |
All rights reserved.
Vanguard Marketing Corporation, Distributor.
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
U.S. Government and Agency Obligations (0.06%) | ||||||
U.S. Government Securities (0.06%) | ||||||
1 | United States Treasury Note/Bond (Cost $27,860) | 0.500% | 2/28/26 | 28,200 | 27,821 | |
Corporate Bonds (99.39%) | ||||||
Communications (4.72%) | ||||||
Alphabet Inc. | 3.375% | 2/25/24 | 15,505 | 16,859 | ||
Alphabet Inc. | 0.450% | 8/15/25 | 15,337 | 15,116 | ||
America Movil SAB de CV | 3.125% | 7/16/22 | 28,070 | 29,022 | ||
AT&T Inc. | 3.000% | 6/30/22 | 41,781 | 43,052 | ||
AT&T Inc. | 2.625% | 12/1/22 | 21,094 | 21,785 | ||
AT&T Inc. | 4.050% | 12/15/23 | 9,987 | 10,983 | ||
AT&T Inc. | 4.450% | 4/1/24 | 11,520 | 12,708 | ||
AT&T Inc. | 3.950% | 1/15/25 | 15,647 | 17,256 | ||
AT&T Inc. | 3.400% | 5/15/25 | 46,701 | 50,873 | ||
AT&T Inc. | 3.600% | 7/15/25 | 28,474 | 31,350 | ||
AT&T Inc. | 4.125% | 2/17/26 | 39,600 | 44,832 | ||
Baidu Inc. | 2.875% | 7/6/22 | 12,000 | 12,309 | ||
Baidu Inc. | 3.500% | 11/28/22 | 9,485 | 9,897 | ||
Baidu Inc. | 3.875% | 9/29/23 | 17,805 | 19,068 | ||
Baidu Inc. | 4.375% | 5/14/24 | 21,463 | 23,624 | ||
Baidu Inc. | 3.075% | 4/7/25 | 17,829 | 18,885 | ||
Baidu Inc. | 4.125% | 6/30/25 | 6,910 | 7,631 | ||
Booking Holdings Inc. | 2.750% | 3/15/23 | 10,942 | 11,431 | ||
Booking Holdings Inc. | 3.650% | 3/15/25 | 13,715 | 14,995 | ||
Booking Holdings Inc. | 4.100% | 4/13/25 | 15,912 | 17,739 | ||
British Telecommunications plc | 4.500% | 12/4/23 | 13,441 | 14,838 | ||
Charter Communications Operating LLC | 4.464% | 7/23/22 | 55,363 | 57,939 | ||
2 | Charter Communications Operating LLC | 4.500% | 2/1/24 | 35,392 | 38,961 | |
Charter Communications Operating LLC | 4.908% | 7/23/25 | 92,702 | 105,769 | ||
Comcast Cable Communications Holdings Inc. | 9.455% | 11/15/22 | 21,982 | 25,416 | ||
Comcast Corp. | 3.000% | 2/1/24 | 27,317 | 29,246 | ||
Comcast Corp. | 3.600% | 3/1/24 | 25,313 | 27,631 | ||
Comcast Corp. | 3.700% | 4/15/24 | 54,535 | 59,779 | ||
Comcast Corp. | 3.375% | 2/15/25 | 22,450 | 24,461 | ||
Comcast Corp. | 3.100% | 4/1/25 | 24,562 | 26,624 | ||
Comcast Corp. | 3.375% | 8/15/25 | 27,996 | 30,721 | ||
Comcast Corp. | 3.950% | 10/15/25 | 55,226 | 62,175 | ||
Discovery Communications LLC | 2.950% | 3/20/23 | 17,212 | 18,051 | ||
Discovery Communications LLC | 3.800% | 3/13/24 | 10,255 | 11,130 | ||
Discovery Communications LLC | 3.900% | 11/15/24 | 16,378 | 18,051 | ||
Discovery Communications LLC | 3.450% | 3/15/25 | 8,552 | 9,229 | ||
Discovery Communications LLC | 3.950% | 6/15/25 | 12,911 | 14,297 | ||
2,3 | Expedia Group Inc. | 3.600% | 12/15/23 | 11,457 | 12,207 | |
Expedia Group Inc. | 4.500% | 8/15/24 | 11,092 | 12,172 | ||
Expedia Group Inc. | 5.000% | 2/15/26 | 15,000 | 16,965 | ||
Fox Corp. | 4.030% | 1/25/24 | 26,590 | 29,071 | ||
Fox Corp. | 3.050% | 4/7/25 | 18,769 | 20,183 | ||
Grupo Televisa SAB | 6.625% | 3/18/25 | 6,800 | 8,139 | ||
Grupo Televisa SAB | 4.625% | 1/30/26 | 3,665 | 4,102 | ||
Interpublic Group of Cos. Inc. | 3.750% | 2/15/23 | 11,804 | 12,555 | ||
Interpublic Group of Cos. Inc. | 4.200% | 4/15/24 | 9,184 | 10,153 | ||
Juniper Networks Inc. | 1.200% | 12/10/25 | 9,320 | 9,317 | ||
Omnicom Group Inc. | 3.625% | 5/1/22 | 14,689 | 15,220 | ||
Omnicom Group Inc. | 3.650% | 11/1/24 | 29,171 | 31,922 | ||
Rogers Communications Inc. | 3.000% | 3/15/23 | 7,193 | 7,520 | ||
Rogers Communications Inc. | 4.100% | 10/1/23 | 16,220 | 17,616 | ||
Rogers Communications Inc. | 3.625% | 12/15/25 | 11,043 | 12,205 | ||
TCI Communications Inc. | 7.875% | 2/15/26 | 7,699 | 10,160 | ||
Telefonica Emisiones SA | 4.570% | 4/27/23 | 20,230 | 21,992 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Tencent Music Entertainment Group | 1.375% | 9/3/25 | 4,990 | 4,945 | ||
Thomson Reuters Corp. | 4.300% | 11/23/23 | 9,911 | 10,818 | ||
Time Warner Entertainment Co. LP | 8.375% | 3/15/23 | 25,146 | 29,170 | ||
2,3 | T-Mobile USA Inc. | 3.500% | 4/15/25 | 77,420 | 83,592 | |
2,3 | T-Mobile USA Inc. | 1.500% | 2/15/26 | 16,123 | 16,125 | |
2 | TWDC Enterprises 18 Corp. | 2.450% | 3/4/22 | 10,783 | 11,016 | |
2 | TWDC Enterprises 18 Corp. | 2.350% | 12/1/22 | 22,690 | 23,482 | |
2 | TWDC Enterprises 18 Corp. | 3.150% | 9/17/25 | 14,038 | 15,325 | |
TWDC Enterprises 18 Corp. | 3.000% | 2/13/26 | 20,000 | 21,757 | ||
Verizon Communications Inc. | 5.150% | 9/15/23 | 77,662 | 86,505 | ||
Verizon Communications Inc. | 3.500% | 11/1/24 | 34,564 | 37,748 | ||
Verizon Communications Inc. | 3.376% | 2/15/25 | 52,038 | 56,606 | ||
Verizon Communications Inc. | 0.850% | 11/20/25 | 42,975 | 42,305 | ||
ViacomCBS Inc. | 3.375% | 3/1/22 | 6,133 | 6,264 | ||
ViacomCBS Inc. | 4.250% | 9/1/23 | 11,588 | 12,527 | ||
ViacomCBS Inc. | 3.875% | 4/1/24 | 10,914 | 11,863 | ||
ViacomCBS Inc. | 3.700% | 8/15/24 | 17,267 | 18,825 | ||
ViacomCBS Inc. | 3.500% | 1/15/25 | 16,694 | 18,036 | ||
ViacomCBS Inc. | 4.750% | 5/15/25 | 39,322 | 44,845 | ||
ViacomCBS Inc. | 4.000% | 1/15/26 | 9,447 | 10,587 | ||
Vodafone Group plc | 2.500% | 9/26/22 | 5,860 | 6,044 | ||
Vodafone Group plc | 2.950% | 2/19/23 | 16,099 | 16,851 | ||
Vodafone Group plc | 3.750% | 1/16/24 | 46,228 | 50,369 | ||
Vodafone Group plc | 4.125% | 5/30/25 | 31,786 | 35,703 | ||
Walt Disney Co. | 1.650% | 9/1/22 | 16,420 | 16,746 | ||
Walt Disney Co. | 3.000% | 9/15/22 | 28,315 | 29,480 | ||
Walt Disney Co. | 1.750% | 8/30/24 | 17,936 | 18,615 | ||
Walt Disney Co. | 3.700% | 9/15/24 | 14,756 | 16,248 | ||
Walt Disney Co. | 3.350% | 3/24/25 | 28,800 | 31,421 | ||
Walt Disney Co. | 3.700% | 10/15/25 | 15,870 | 17,634 | ||
Walt Disney Co. | 1.750% | 1/13/26 | 31,751 | 32,664 | ||
Weibo Corp. | 3.500% | 7/5/24 | 15,750 | 16,637 | ||
WPP Finance 2010 | 3.625% | 9/7/22 | 8,043 | 8,414 | ||
WPP Finance 2010 | 3.750% | 9/19/24 | 12,391 | 13,623 | ||
2,128,022 | ||||||
Consumer Discretionary (6.58%) | ||||||
Alibaba Group Holding Ltd. | 2.800% | 6/6/23 | 11,230 | 11,731 | ||
Alibaba Group Holding Ltd. | 3.600% | 11/28/24 | 49,322 | 54,030 | ||
Amazon.com Inc. | 2.500% | 11/29/22 | 30,303 | 31,319 | ||
Amazon.com Inc. | 2.400% | 2/22/23 | 26,315 | 27,371 | ||
Amazon.com Inc. | 0.400% | 6/3/23 | 17,509 | 17,567 | ||
Amazon.com Inc. | 2.800% | 8/22/24 | 37,682 | 40,534 | ||
Amazon.com Inc. | 3.800% | 12/5/24 | 21,618 | 24,033 | ||
Amazon.com Inc. | 0.800% | 6/3/25 | 23,569 | 23,536 | ||
Amazon.com Inc. | 5.200% | 12/3/25 | 17,526 | 20,832 | ||
American Honda Finance Corp. | 1.950% | 5/20/22 | 11,827 | 12,061 | ||
2 | American Honda Finance Corp. | 2.200% | 6/27/22 | 17,668 | 18,089 | |
2 | American Honda Finance Corp. | 0.400% | 10/21/22 | 9,090 | 9,092 | |
2 | American Honda Finance Corp. | 2.600% | 11/16/22 | 13,656 | 14,178 | |
2 | American Honda Finance Corp. | 2.050% | 1/10/23 | 8,676 | 8,946 | |
2 | American Honda Finance Corp. | 1.950% | 5/10/23 | 11,872 | 12,272 | |
2 | American Honda Finance Corp. | 0.875% | 7/7/23 | 46,757 | 47,200 | |
2 | American Honda Finance Corp. | 3.450% | 7/14/23 | 4,954 | 5,306 | |
2 | American Honda Finance Corp. | 0.650% | 9/8/23 | 12,157 | 12,232 | |
2 | American Honda Finance Corp. | 3.625% | 10/10/23 | 14,327 | 15,489 | |
2 | American Honda Finance Corp. | 3.550% | 1/12/24 | 14,091 | 15,273 | |
2 | American Honda Finance Corp. | 2.900% | 2/16/24 | 11,576 | 12,363 | |
2 | American Honda Finance Corp. | 2.400% | 6/27/24 | 13,265 | 14,024 | |
2 | American Honda Finance Corp. | 0.550% | 7/12/24 | 24,860 | 24,711 | |
2 | American Honda Finance Corp. | 2.150% | 9/10/24 | 13,539 | 14,199 | |
2 | American Honda Finance Corp. | 1.200% | 7/8/25 | 6,716 | 6,774 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
2 | American Honda Finance Corp. | 1.000% | 9/10/25 | 12,466 | 12,404 | |
Aptiv Corp. | 4.150% | 3/15/24 | 14,263 | 15,622 | ||
Aptiv plc | 4.250% | 1/15/26 | 12,897 | 14,635 | ||
AutoNation Inc. | 3.500% | 11/15/24 | 8,999 | 9,737 | ||
AutoNation Inc. | 4.500% | 10/1/25 | 7,533 | 8,436 | ||
AutoZone Inc. | 3.700% | 4/15/22 | 12,089 | 12,438 | ||
AutoZone Inc. | 2.875% | 1/15/23 | 12,676 | 13,196 | ||
AutoZone Inc. | 3.125% | 7/15/23 | 10,203 | 10,769 | ||
AutoZone Inc. | 3.125% | 4/18/24 | 5,930 | 6,364 | ||
AutoZone Inc. | 3.250% | 4/15/25 | 3,448 | 3,725 | ||
AutoZone Inc. | 3.625% | 4/15/25 | 19,141 | 21,043 | ||
Block Financial LLC | 5.500% | 11/1/22 | 8,726 | 9,197 | ||
Block Financial LLC | 5.250% | 10/1/25 | 7,285 | 8,223 | ||
BorgWarner Inc. | 3.375% | 3/15/25 | 10,007 | 10,885 | ||
1,2,3 | Daimler Finance North America LLC | 0.750% | 3/1/24 | 6,000 | 6,001 | |
DR Horton Inc. | 4.375% | 9/15/22 | 1,488 | 1,562 | ||
DR Horton Inc. | 4.750% | 2/15/23 | 5,730 | 6,136 | ||
DR Horton Inc. | 5.750% | 8/15/23 | 11,320 | 12,569 | ||
DR Horton Inc. | 2.500% | 10/15/24 | 12,017 | 12,709 | ||
DR Horton Inc. | 2.600% | 10/15/25 | 11,766 | 12,472 | ||
eBay Inc. | 3.800% | 3/9/22 | 11,770 | 12,147 | ||
eBay Inc. | 2.600% | 7/15/22 | 23,126 | 23,708 | ||
eBay Inc. | 2.750% | 1/30/23 | 18,756 | 19,616 | ||
eBay Inc. | 3.450% | 8/1/24 | 13,731 | 14,856 | ||
eBay Inc. | 1.900% | 3/11/25 | 20,571 | 21,227 | ||
Fortune Brands Home & Security Inc. | 4.000% | 9/21/23 | 12,842 | 13,940 | ||
Fortune Brands Home & Security Inc. | 4.000% | 6/15/25 | 9,427 | 10,461 | ||
General Motors Co. | 4.875% | 10/2/23 | 35,561 | 39,148 | ||
General Motors Co. | 5.400% | 10/2/23 | 17,526 | 19,518 | ||
General Motors Co. | 4.000% | 4/1/25 | 11,226 | 12,346 | ||
General Motors Co. | 6.125% | 10/1/25 | 45,716 | 54,293 | ||
General Motors Financial Co. Inc. | 3.450% | 4/10/22 | 28,496 | 29,247 | ||
General Motors Financial Co. Inc. | 3.150% | 6/30/22 | 26,519 | 27,350 | ||
General Motors Financial Co. Inc. | 3.550% | 7/8/22 | 34,226 | 35,470 | ||
General Motors Financial Co. Inc. | 3.250% | 1/5/23 | 10,380 | 10,852 | ||
General Motors Financial Co. Inc. | 5.200% | 3/20/23 | 39,832 | 43,445 | ||
General Motors Financial Co. Inc. | 3.700% | 5/9/23 | 32,669 | 34,618 | ||
General Motors Financial Co. Inc. | 4.250% | 5/15/23 | 16,255 | 17,445 | ||
General Motors Financial Co. Inc. | 4.150% | 6/19/23 | 27,697 | 29,749 | ||
General Motors Financial Co. Inc. | 1.700% | 8/18/23 | 14,374 | 14,697 | ||
General Motors Financial Co. Inc. | 5.100% | 1/17/24 | 32,784 | 36,494 | ||
General Motors Financial Co. Inc. | 3.950% | 4/13/24 | 16,502 | 17,915 | ||
General Motors Financial Co. Inc. | 3.500% | 11/7/24 | 19,335 | 20,961 | ||
General Motors Financial Co. Inc. | 4.000% | 1/15/25 | 23,496 | 25,584 | ||
General Motors Financial Co. Inc. | 2.900% | 2/26/25 | 33,509 | 35,550 | ||
General Motors Financial Co. Inc. | 4.350% | 4/9/25 | 33,540 | 37,046 | ||
General Motors Financial Co. Inc. | 2.750% | 6/20/25 | 22,918 | 24,063 | ||
General Motors Financial Co. Inc. | 4.300% | 7/13/25 | 10,031 | 11,133 | ||
General Motors Financial Co. Inc. | 1.250% | 1/8/26 | 15,000 | 14,740 | ||
Harley-Davidson Inc. | 3.500% | 7/28/25 | 9,699 | 10,379 | ||
Hasbro Inc. | 2.600% | 11/19/22 | 3,274 | 3,387 | ||
Hasbro Inc. | 3.000% | 11/19/24 | 13,166 | 14,119 | ||
Home Depot Inc. | 3.250% | 3/1/22 | 13,410 | 13,811 | ||
Home Depot Inc. | 2.625% | 6/1/22 | 13,864 | 14,241 | ||
Home Depot Inc. | 2.700% | 4/1/23 | 26,518 | 27,706 | ||
Home Depot Inc. | 3.750% | 2/15/24 | 29,598 | 32,225 | ||
Home Depot Inc. | 3.350% | 9/15/25 | 16,884 | 18,626 | ||
Hyatt Hotels Corp. | 3.375% | 7/15/23 | 8,041 | 8,428 | ||
Hyatt Hotels Corp. | 5.375% | 4/23/25 | 6,627 | 7,457 | ||
JD.com Inc. | 3.125% | 4/29/21 | 2,554 | 2,565 | ||
Kohl's Corp. | 3.250% | 2/1/23 | 5,425 | 5,581 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Kohl's Corp. | 9.500% | 5/15/25 | 12,632 | 16,232 | ||
Kohl's Corp. | 4.250% | 7/17/25 | 15,058 | 16,338 | ||
Las Vegas Sands Corp. | 3.200% | 8/8/24 | 36,280 | 38,116 | ||
Las Vegas Sands Corp. | 2.900% | 6/25/25 | 10,310 | 10,682 | ||
Leggett & Platt Inc. | 3.400% | 8/15/22 | 1,862 | 1,917 | ||
Leggett & Platt Inc. | 3.800% | 11/15/24 | 6,876 | 7,442 | ||
Lennar Corp. | 4.125% | 1/15/22 | 10,000 | 10,203 | ||
Lennar Corp. | 4.750% | 11/15/22 | 10,242 | 10,810 | ||
Lennar Corp. | 4.875% | 12/15/23 | 10,000 | 10,966 | ||
Lennar Corp. | 4.500% | 4/30/24 | 14,100 | 15,469 | ||
Lennar Corp. | 5.875% | 11/15/24 | 7,141 | 8,170 | ||
Lennar Corp. | 4.750% | 5/30/25 | 15,255 | 17,184 | ||
Lowe's Cos. Inc. | 3.800% | 11/15/21 | 1 | 1 | ||
Lowe's Cos. Inc. | 3.120% | 4/15/22 | 12,759 | 13,098 | ||
Lowe's Cos. Inc. | 3.875% | 9/15/23 | 12,265 | 13,242 | ||
Lowe's Cos. Inc. | 3.125% | 9/15/24 | 14,099 | 15,247 | ||
Lowe's Cos. Inc. | 4.000% | 4/15/25 | 14,010 | 15,629 | ||
Lowe's Cos. Inc. | 3.375% | 9/15/25 | 13,032 | 14,298 | ||
Magna International Inc. | 3.625% | 6/15/24 | 12,111 | 12,886 | ||
Magna International Inc. | 4.150% | 10/1/25 | 12,831 | 14,431 | ||
Marriott International Inc. | 3.250% | 9/15/22 | 9,650 | 9,913 | ||
Marriott International Inc. | 2.125% | 10/3/22 | 9,597 | 9,751 | ||
2 | Marriott International Inc. | 4.150% | 12/1/23 | 6,847 | 7,362 | |
Marriott International Inc. | 3.600% | 4/15/24 | 8,599 | 9,193 | ||
Marriott International Inc. | 3.750% | 3/15/25 | 9,760 | 10,455 | ||
2 | Marriott International Inc. | 5.750% | 5/1/25 | 23,057 | 26,544 | |
Marriott International Inc. | 3.750% | 10/1/25 | 5,217 | 5,610 | ||
2 | Marriott International Inc. | 3.125% | 6/15/26 | 3,000 | 3,153 | |
Masco Corp. | 5.950% | 3/15/22 | 4,438 | 4,684 | ||
Masco Corp. | 4.450% | 4/1/25 | 12,520 | 14,183 | ||
2 | McDonald's Corp. | 3.350% | 4/1/23 | 21,879 | 23,159 | |
2 | McDonald's Corp. | 3.250% | 6/10/24 | 6,325 | 6,854 | |
2 | McDonald's Corp. | 3.375% | 5/26/25 | 19,926 | 21,797 | |
2 | McDonald's Corp. | 3.300% | 7/1/25 | 17,364 | 18,981 | |
2 | McDonald's Corp. | 1.450% | 9/1/25 | 8,350 | 8,492 | |
2 | McDonald's Corp. | 3.700% | 1/30/26 | 28,550 | 31,901 | |
Mohawk Industries Inc. | 3.850% | 2/1/23 | 12,394 | 13,063 | ||
NIKE Inc. | 2.250% | 5/1/23 | 10,670 | 11,076 | ||
NIKE Inc. | 2.400% | 3/27/25 | 12,993 | 13,761 | ||
NVR Inc. | 3.950% | 9/15/22 | 12,400 | 12,929 | ||
O'Reilly Automotive Inc. | 3.800% | 9/1/22 | 7,232 | 7,541 | ||
O'Reilly Automotive Inc. | 3.850% | 6/15/23 | 4,723 | 5,031 | ||
Owens Corning | 4.200% | 12/1/24 | 8,219 | 9,136 | ||
PVH Corp. | 4.625% | 7/10/25 | 12,482 | 13,805 | ||
Ralph Lauren Corp. | 1.700% | 6/15/22 | 11,397 | 11,595 | ||
Ralph Lauren Corp. | 3.750% | 9/15/25 | 7,213 | 8,001 | ||
Ross Stores Inc. | 4.600% | 4/15/25 | 13,911 | 15,799 | ||
Sands China Ltd. | 4.600% | 8/8/23 | 26,975 | 28,594 | ||
Sands China Ltd. | 5.125% | 8/8/25 | 38,438 | 42,954 | ||
Sands China Ltd. | 3.800% | 1/8/26 | 11,525 | 12,274 | ||
2 | Stanley Black & Decker Inc. | 4.000% | 3/15/60 | 16,464 | 17,908 | |
Starbucks Corp. | 1.300% | 5/7/22 | 12,220 | 12,352 | ||
Starbucks Corp. | 2.700% | 6/15/22 | 14,519 | 14,903 | ||
Starbucks Corp. | 3.100% | 3/1/23 | 19,640 | 20,658 | ||
Starbucks Corp. | 3.850% | 10/1/23 | 8,220 | 8,868 | ||
Starbucks Corp. | 3.800% | 8/15/25 | 24,890 | 27,758 | ||
Stellantis NV | 5.250% | 4/15/23 | 30,416 | 33,077 | ||
Tapestry Inc. | 3.000% | 7/15/22 | 7,425 | 7,599 | ||
Tapestry Inc. | 4.250% | 4/1/25 | 13,237 | 14,373 | ||
TJX Cos. Inc. | 2.500% | 5/15/23 | 12,718 | 13,253 | ||
TJX Cos. Inc. | 3.500% | 4/15/25 | 38,852 | 42,595 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Toyota Motor Corp. | 2.157% | 7/2/22 | 14,927 | 15,298 | ||
Toyota Motor Corp. | 3.419% | 7/20/23 | 13,767 | 14,761 | ||
Toyota Motor Corp. | 2.358% | 7/2/24 | 6,305 | 6,644 | ||
2 | Toyota Motor Credit Corp. | 2.650% | 4/12/22 | 16,875 | 17,319 | |
2 | Toyota Motor Credit Corp. | 1.150% | 5/26/22 | 21,145 | 21,355 | |
2 | Toyota Motor Credit Corp. | 2.800% | 7/13/22 | 23,236 | 24,030 | |
2 | Toyota Motor Credit Corp. | 0.450% | 7/22/22 | 12,441 | 12,467 | |
2 | Toyota Motor Credit Corp. | 2.150% | 9/8/22 | 18,912 | 19,441 | |
2 | Toyota Motor Credit Corp. | 0.350% | 10/14/22 | 20,396 | 20,406 | |
2 | Toyota Motor Credit Corp. | 2.625% | 1/10/23 | 17,322 | 18,044 | |
2 | Toyota Motor Credit Corp. | 2.700% | 1/11/23 | 9,324 | 9,736 | |
2 | Toyota Motor Credit Corp. | 2.900% | 3/30/23 | 20,603 | 21,708 | |
2 | Toyota Motor Credit Corp. | 0.500% | 8/14/23 | 18,600 | 18,675 | |
2 | Toyota Motor Credit Corp. | 1.350% | 8/25/23 | 34,461 | 35,303 | |
2 | Toyota Motor Credit Corp. | 3.450% | 9/20/23 | 8,679 | 9,353 | |
2 | Toyota Motor Credit Corp. | 2.250% | 10/18/23 | 10,987 | 11,516 | |
Toyota Motor Credit Corp. | 3.350% | 1/8/24 | 10,883 | 11,753 | ||
2 | Toyota Motor Credit Corp. | 0.450% | 1/11/24 | 20,050 | 20,057 | |
2 | Toyota Motor Credit Corp. | 2.900% | 4/17/24 | 12,677 | 13,580 | |
2 | Toyota Motor Credit Corp. | 2.000% | 10/7/24 | 8,300 | 8,694 | |
2 | Toyota Motor Credit Corp. | 1.800% | 2/13/25 | 49,891 | 51,319 | |
2 | Toyota Motor Credit Corp. | 3.000% | 4/1/25 | 20,853 | 22,476 | |
2 | Toyota Motor Credit Corp. | 3.400% | 4/14/25 | 14,731 | 16,189 | |
2 | Toyota Motor Credit Corp. | 0.800% | 10/16/25 | 9,090 | 8,966 | |
2 | Toyota Motor Credit Corp. | 0.800% | 1/9/26 | 15,400 | 15,230 | |
VF Corp. | 2.050% | 4/23/22 | 15,890 | 16,201 | ||
VF Corp. | 2.400% | 4/23/25 | 19,296 | 20,285 | ||
Whirlpool Corp. | 4.700% | 6/1/22 | 6,525 | 6,860 | ||
Whirlpool Corp. | 4.000% | 3/1/24 | 6,275 | 6,891 | ||
Whirlpool Corp. | 3.700% | 5/1/25 | 4,462 | 4,917 | ||
2 | Yale University | 0.873% | 4/15/25 | 8,246 | 8,281 | |
2,968,480 | ||||||
Consumer Staples (5.92%) | ||||||
Altria Group Inc. | 2.850% | 8/9/22 | 17,429 | 18,007 | ||
Altria Group Inc. | 4.000% | 1/31/24 | 27,210 | 29,752 | ||
Altria Group Inc. | 3.800% | 2/14/24 | 17,220 | 18,699 | ||
Altria Group Inc. | 2.350% | 5/6/25 | 12,922 | 13,529 | ||
Altria Group Inc. | 4.400% | 2/14/26 | 15,601 | 17,751 | ||
2 | Anheuser-Busch Cos. LLC | 3.650% | 2/1/26 | 60,100 | 66,589 | |
Anheuser-Busch InBev Finance Inc. | 3.650% | 2/1/26 | 37,767 | 41,856 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.150% | 1/23/25 | 58,275 | 65,005 | ||
Archer-Daniels-Midland Co. | 2.750% | 3/27/25 | 7,685 | 8,238 | ||
BAT Capital Corp. | 2.764% | 8/15/22 | 22,011 | 22,673 | ||
BAT Capital Corp. | 3.222% | 8/15/24 | 42,899 | 46,065 | ||
BAT Capital Corp. | 2.789% | 9/6/24 | 15,229 | 16,181 | ||
BAT International Finance plc | 1.668% | 3/25/26 | 5,000 | 5,024 | ||
Beam Suntory Inc. | 3.250% | 5/15/22 | 3,703 | 3,803 | ||
Brown-Forman Corp. | 3.500% | 4/15/25 | 4,751 | 5,205 | ||
Bunge Ltd. Finance Corp. | 3.000% | 9/25/22 | 8,650 | 8,943 | ||
Bunge Ltd. Finance Corp. | 4.350% | 3/15/24 | 13,842 | 15,243 | ||
Bunge Ltd. Finance Corp. | 1.630% | 8/17/25 | 10,401 | 10,522 | ||
Campbell Soup Co. | 2.500% | 8/2/22 | 12,714 | 13,079 | ||
Campbell Soup Co. | 3.650% | 3/15/23 | 10,308 | 10,945 | ||
Campbell Soup Co. | 3.950% | 3/15/25 | 15,572 | 17,256 | ||
Campbell Soup Co. | 3.300% | 3/19/25 | 9,785 | 10,556 | ||
Church & Dwight Co. Inc. | 2.450% | 8/1/22 | 7,135 | 7,325 | ||
Church & Dwight Co. Inc. | 2.875% | 10/1/22 | 5,492 | 5,705 | ||
Clorox Co. | 3.800% | 11/15/21 | 5,664 | 5,797 | ||
Clorox Co. | 3.050% | 9/15/22 | 8,547 | 8,838 | ||
Clorox Co. | 3.500% | 12/15/24 | 9,260 | 10,201 | ||
Coca-Cola Co. | 2.500% | 4/1/23 | 13,593 | 14,220 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Coca-Cola Co. | 3.200% | 11/1/23 | 18,745 | 20,172 | ||
Coca-Cola Co. | 1.750% | 9/6/24 | 29,013 | 30,247 | ||
Coca-Cola Co. | 2.950% | 3/25/25 | 22,755 | 24,608 | ||
Coca-Cola Co. | 2.875% | 10/27/25 | 26,982 | 29,431 | ||
Coca-Cola Consolidated Inc. | 3.800% | 11/25/25 | 6,242 | 6,893 | ||
2 | Colgate-Palmolive Co. | 2.250% | 11/15/22 | 8,674 | 8,974 | |
2 | Colgate-Palmolive Co. | 1.950% | 2/1/23 | 2,085 | 2,152 | |
2 | Colgate-Palmolive Co. | 2.100% | 5/1/23 | 6,427 | 6,677 | |
2 | Colgate-Palmolive Co. | 3.250% | 3/15/24 | 6,576 | 7,127 | |
Conagra Brands Inc. | 3.250% | 9/15/22 | 1,200 | 1,251 | ||
Conagra Brands Inc. | 3.200% | 1/25/23 | 5,204 | 5,447 | ||
Conagra Brands Inc. | 4.300% | 5/1/24 | 26,845 | 29,739 | ||
Conagra Brands Inc. | 4.600% | 11/1/25 | 24,887 | 28,618 | ||
Constellation Brands Inc. | 2.700% | 5/9/22 | 11,924 | 12,227 | ||
Constellation Brands Inc. | 2.650% | 11/7/22 | 22,664 | 23,463 | ||
Constellation Brands Inc. | 3.200% | 2/15/23 | 21,053 | 22,094 | ||
Constellation Brands Inc. | 4.250% | 5/1/23 | 25,279 | 27,248 | ||
Constellation Brands Inc. | 4.750% | 11/15/24 | 14,525 | 16,576 | ||
Constellation Brands Inc. | 4.400% | 11/15/25 | 4,667 | 5,340 | ||
Constellation Brands Inc. | 4.750% | 12/1/25 | 7,257 | 8,417 | ||
Costco Wholesale Corp. | 2.300% | 5/18/22 | 11,785 | 12,059 | ||
Costco Wholesale Corp. | 2.750% | 5/18/24 | 25,788 | 27,597 | ||
Diageo Capital plc | 2.625% | 4/29/23 | 20,848 | 21,750 | ||
Diageo Capital plc | 3.500% | 9/18/23 | 10,593 | 11,416 | ||
Diageo Capital plc | 2.125% | 10/24/24 | 10,840 | 11,386 | ||
Diageo Capital plc | 1.375% | 9/29/25 | 19,181 | 19,531 | ||
Diageo Investment Corp. | 2.875% | 5/11/22 | 21,139 | 21,782 | ||
Dollar General Corp. | 3.250% | 4/15/23 | 30,120 | 31,702 | ||
Dollar General Corp. | 4.150% | 11/1/25 | 5,419 | 6,119 | ||
Dollar Tree Inc. | 3.700% | 5/15/23 | 18,212 | 19,419 | ||
Dollar Tree Inc. | 4.000% | 5/15/25 | 19,636 | 21,853 | ||
Estee Lauder Cos. Inc. | 2.000% | 12/1/24 | 8,516 | 8,963 | ||
Flowers Foods Inc. | 4.375% | 4/1/22 | 2,955 | 3,046 | ||
Fomento Economico Mexicano SAB de CV | 2.875% | 5/10/23 | 3,080 | 3,217 | ||
General Mills Inc. | 3.150% | 12/15/21 | 7,553 | 7,668 | ||
General Mills Inc. | 2.600% | 10/12/22 | 13,633 | 14,096 | ||
General Mills Inc. | 3.700% | 10/17/23 | 22,435 | 24,274 | ||
General Mills Inc. | 3.650% | 2/15/24 | 11,719 | 12,775 | ||
General Mills Inc. | 4.000% | 4/17/25 | 12,857 | 14,333 | ||
Hershey Co. | 2.625% | 5/1/23 | 750 | 783 | ||
Hershey Co. | 3.375% | 5/15/23 | 9,941 | 10,576 | ||
Hershey Co. | 2.050% | 11/15/24 | 7,525 | 7,920 | ||
Hershey Co. | 0.900% | 6/1/25 | 6,465 | 6,490 | ||
Hershey Co. | 3.200% | 8/21/25 | 4,377 | 4,797 | ||
J M Smucker Co. | 3.000% | 3/15/22 | 14,077 | 14,466 | ||
J M Smucker Co. | 3.500% | 3/15/25 | 23,388 | 25,652 | ||
Kellogg Co. | 2.650% | 12/1/23 | 11,306 | 11,970 | ||
Keurig Dr Pepper Inc. | 2.530% | 11/15/21 | 1,000 | 1,014 | ||
Keurig Dr Pepper Inc. | 4.057% | 5/25/23 | 39,940 | 43,000 | ||
Keurig Dr Pepper Inc. | 3.130% | 12/15/23 | 19,564 | 20,916 | ||
Keurig Dr Pepper Inc. | 4.417% | 5/25/25 | 13,673 | 15,467 | ||
Keurig Dr Pepper Inc. | 3.400% | 11/15/25 | 8,139 | 8,929 | ||
Kimberly-Clark Corp. | 2.400% | 3/1/22 | 3,900 | 3,978 | ||
Kimberly-Clark Corp. | 2.400% | 6/1/23 | 5,723 | 5,984 | ||
Kimberly-Clark Corp. | 3.050% | 8/15/25 | 6,340 | 6,905 | ||
Kimberly-Clark Corp. | 2.750% | 2/15/26 | 9,434 | 10,174 | ||
Kroger Co. | 3.400% | 4/15/22 | 8,125 | 8,343 | ||
Kroger Co. | 2.800% | 8/1/22 | 15,805 | 16,306 | ||
Kroger Co. | 3.850% | 8/1/23 | 15,792 | 16,968 | ||
Kroger Co. | 4.000% | 2/1/24 | 11,424 | 12,472 | ||
Kroger Co. | 3.500% | 2/1/26 | 5,000 | 5,519 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
McCormick & Co. Inc. | 2.700% | 8/15/22 | 17,777 | 18,337 | ||
McCormick & Co. Inc. | 3.150% | 8/15/24 | 21,286 | 22,967 | ||
McCormick & Co. Inc. | 0.900% | 2/15/26 | 8,500 | 8,362 | ||
Mead Johnson Nutrition Co. | 4.125% | 11/15/25 | 21,011 | 23,656 | ||
Molson Coors Beverage Co. | 3.500% | 5/1/22 | 6,270 | 6,484 | ||
2,3 | Mondelez International Holdings Netherlands BV | 2.125% | 9/19/22 | 6,150 | 6,315 | |
Mondelez International Inc. | 0.625% | 7/1/22 | 22,244 | 22,329 | ||
Mondelez International Inc. | 2.125% | 4/13/23 | 13,002 | 13,455 | ||
Mondelez International Inc. | 1.500% | 5/4/25 | 17,744 | 18,078 | ||
PepsiCo Inc. | 2.750% | 3/5/22 | 27,140 | 27,830 | ||
PepsiCo Inc. | 2.250% | 5/2/22 | 16,340 | 16,693 | ||
PepsiCo Inc. | 3.100% | 7/17/22 | 24,331 | 25,161 | ||
PepsiCo Inc. | 2.750% | 3/1/23 | 17,921 | 18,816 | ||
PepsiCo Inc. | 0.750% | 5/1/23 | 25,243 | 25,519 | ||
PepsiCo Inc. | 0.400% | 10/7/23 | 5,100 | 5,105 | ||
PepsiCo Inc. | 3.600% | 3/1/24 | 13,265 | 14,455 | ||
PepsiCo Inc. | 2.250% | 3/19/25 | 48,853 | 51,502 | ||
PepsiCo Inc. | 2.750% | 4/30/25 | 19,715 | 21,163 | ||
PepsiCo Inc. | 3.500% | 7/17/25 | 10,555 | 11,642 | ||
Philip Morris International Inc. | 2.375% | 8/17/22 | 17,596 | 18,085 | ||
Philip Morris International Inc. | 2.500% | 8/22/22 | 16,134 | 16,674 | ||
Philip Morris International Inc. | 2.500% | 11/2/22 | 14,332 | 14,825 | ||
Philip Morris International Inc. | 2.625% | 3/6/23 | 14,217 | 14,880 | ||
Philip Morris International Inc. | 1.125% | 5/1/23 | 18,929 | 19,248 | ||
Philip Morris International Inc. | 2.125% | 5/10/23 | 10,113 | 10,472 | ||
Philip Morris International Inc. | 3.600% | 11/15/23 | 8,614 | 9,358 | ||
Philip Morris International Inc. | 2.875% | 5/1/24 | 14,057 | 15,005 | ||
Philip Morris International Inc. | 3.250% | 11/10/24 | 17,706 | 19,308 | ||
Philip Morris International Inc. | 1.500% | 5/1/25 | 6,862 | 7,003 | ||
Philip Morris International Inc. | 3.375% | 8/11/25 | 14,042 | 15,377 | ||
Philip Morris International Inc. | 2.750% | 2/25/26 | 23,252 | 25,014 | ||
Procter & Gamble Co. | 2.150% | 8/11/22 | 20,452 | 21,023 | ||
Procter & Gamble Co. | 3.100% | 8/15/23 | 26,151 | 27,956 | ||
Procter & Gamble Co. | 0.550% | 10/29/25 | 18,410 | 18,207 | ||
Procter & Gamble Co. | 2.700% | 2/2/26 | 14,561 | 15,759 | ||
Reynolds American Inc. | 4.850% | 9/15/23 | 9,019 | 9,973 | ||
Reynolds American Inc. | 4.450% | 6/12/25 | 55,245 | 61,611 | ||
Sysco Corp. | 2.600% | 6/12/22 | 11,634 | 11,953 | ||
Sysco Corp. | 3.550% | 3/15/25 | 12,808 | 13,998 | ||
Sysco Corp. | 5.650% | 4/1/25 | 10,739 | 12,614 | ||
Sysco Corp. | 3.750% | 10/1/25 | 19,964 | 22,047 | ||
Target Corp. | 3.500% | 7/1/24 | 23,213 | 25,481 | ||
Target Corp. | 2.250% | 4/15/25 | 29,353 | 30,913 | ||
Tyson Foods Inc. | 4.500% | 6/15/22 | 29,887 | 31,123 | ||
Tyson Foods Inc. | 3.900% | 9/28/23 | 11,899 | 12,923 | ||
Tyson Foods Inc. | 3.950% | 8/15/24 | 21,480 | 23,679 | ||
Unilever Capital Corp. | 3.000% | 3/7/22 | 8,655 | 8,893 | ||
Unilever Capital Corp. | 2.200% | 5/5/22 | 10,426 | 10,648 | ||
Unilever Capital Corp. | 3.125% | 3/22/23 | 10,815 | 11,414 | ||
Unilever Capital Corp. | 0.375% | 9/14/23 | 13,325 | 13,368 | ||
Unilever Capital Corp. | 3.250% | 3/7/24 | 11,990 | 12,957 | ||
Unilever Capital Corp. | 2.600% | 5/5/24 | 14,276 | 15,149 | ||
Unilever Capital Corp. | 3.375% | 3/22/25 | 5,700 | 6,203 | ||
Unilever Capital Corp. | 3.100% | 7/30/25 | 7,823 | 8,506 | ||
Walgreen Co. | 3.100% | 9/15/22 | 32,952 | 34,318 | ||
Walgreens Boots Alliance Inc. | 3.800% | 11/18/24 | 33,769 | 37,189 | ||
Walmart Inc. | 2.350% | 12/15/22 | 12,843 | 13,304 | ||
Walmart Inc. | 2.550% | 4/11/23 | 26,951 | 28,115 | ||
Walmart Inc. | 3.400% | 6/26/23 | 50,280 | 53,750 | ||
Walmart Inc. | 3.300% | 4/22/24 | 29,600 | 32,010 | ||
Walmart Inc. | 2.850% | 7/8/24 | 48,883 | 52,642 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Walmart Inc. | 2.650% | 12/15/24 | 29,355 | 31,533 | ||
Walmart Inc. | 3.550% | 6/26/25 | 28,230 | 31,369 | ||
2,669,069 | ||||||
Energy (7.77%) | ||||||
Baker Hughes a GE Co. LLC | 2.773% | 12/15/22 | 34,814 | 36,222 | ||
Boardwalk Pipelines LP | 3.375% | 2/1/23 | 7,345 | 7,623 | ||
Boardwalk Pipelines LP | 4.950% | 12/15/24 | 9,728 | 11,007 | ||
2 | BP Capital Markets America Inc. | 3.245% | 5/6/22 | 29,019 | 29,999 | |
2 | BP Capital Markets America Inc. | 2.520% | 9/19/22 | 21,985 | 22,677 | |
BP Capital Markets America Inc. | 2.937% | 4/6/23 | 18,532 | 19,512 | ||
2 | BP Capital Markets America Inc. | 2.750% | 5/10/23 | 36,484 | 38,281 | |
2 | BP Capital Markets America Inc. | 3.216% | 11/28/23 | 10,465 | 11,193 | |
BP Capital Markets America Inc. | 3.790% | 2/6/24 | 15,128 | 16,449 | ||
2 | BP Capital Markets America Inc. | 3.224% | 4/14/24 | 21,147 | 22,676 | |
BP Capital Markets America Inc. | 3.194% | 4/6/25 | 17,771 | 19,173 | ||
BP Capital Markets America Inc. | 3.796% | 9/21/25 | 14,298 | 15,831 | ||
BP Capital Markets America Inc. | 3.410% | 2/11/26 | 19,861 | 21,777 | ||
2 | BP Capital Markets America Inc. | 3.119% | 5/4/26 | 1,750 | 1,901 | |
BP Capital Markets plc | 3.245% | 5/6/22 | 4,879 | 5,044 | ||
BP Capital Markets plc | 2.500% | 11/6/22 | 19,063 | 19,734 | ||
BP Capital Markets plc | 2.750% | 5/10/23 | 663 | 696 | ||
BP Capital Markets plc | 3.994% | 9/26/23 | 15,796 | 17,212 | ||
BP Capital Markets plc | 3.814% | 2/10/24 | 40,199 | 43,857 | ||
BP Capital Markets plc | 3.535% | 11/4/24 | 9,794 | 10,762 | ||
BP Capital Markets plc | 3.506% | 3/17/25 | 16,539 | 18,163 | ||
Canadian Natural Resources Ltd. | 2.950% | 1/15/23 | 25,251 | 26,293 | ||
Canadian Natural Resources Ltd. | 3.800% | 4/15/24 | 16,203 | 17,256 | ||
Canadian Natural Resources Ltd. | 3.900% | 2/1/25 | 12,614 | 13,592 | ||
Canadian Natural Resources Ltd. | 2.050% | 7/15/25 | 10,930 | 11,143 | ||
Cenovus Energy Inc. | 3.000% | 8/15/22 | 5,525 | 5,649 | ||
Cenovus Energy Inc. | 3.800% | 9/15/23 | 11,725 | 12,150 | ||
Cenovus Energy Inc. | 5.375% | 7/15/25 | 29,625 | 33,439 | ||
Cheniere Corpus Christi Holdings LLC | 7.000% | 6/30/24 | 27,461 | 31,827 | ||
Cheniere Corpus Christi Holdings LLC | 5.875% | 3/31/25 | 45,805 | 52,447 | ||
Chevron Corp. | 2.411% | 3/3/22 | 16,040 | 16,341 | ||
Chevron Corp. | 2.498% | 3/3/22 | 15,735 | 16,066 | ||
Chevron Corp. | 2.355% | 12/5/22 | 42,124 | 43,404 | ||
Chevron Corp. | 1.141% | 5/11/23 | 30,136 | 30,620 | ||
Chevron Corp. | 2.566% | 5/16/23 | 12,184 | 12,742 | ||
Chevron Corp. | 3.191% | 6/24/23 | 30,865 | 32,685 | ||
Chevron Corp. | 2.895% | 3/3/24 | 24,520 | 26,152 | ||
Chevron Corp. | 1.554% | 5/11/25 | 47,648 | 48,636 | ||
Chevron Corp. | 3.326% | 11/17/25 | 12,341 | 13,560 | ||
Chevron USA Inc. | 0.333% | 8/12/22 | 12,746 | 12,736 | ||
Chevron USA Inc. | 0.426% | 8/11/23 | 7,659 | 7,678 | ||
Chevron USA Inc. | 3.900% | 11/15/24 | 10,865 | 12,067 | ||
Chevron USA Inc. | 0.687% | 8/12/25 | 18,800 | 18,560 | ||
Cimarex Energy Co. | 4.375% | 6/1/24 | 13,253 | 14,413 | ||
Columbia Pipeline Group Inc. | 4.500% | 6/1/25 | 17,159 | 19,365 | ||
ConocoPhillips Co. | 2.400% | 12/15/22 | 2,615 | 2,639 | ||
ConocoPhillips Co. | 3.350% | 11/15/24 | 6,969 | 7,782 | ||
Devon Energy Corp. | 5.850% | 12/15/25 | 7,101 | 8,273 | ||
Diamondback Energy Inc. | 2.875% | 12/1/24 | 18,186 | 19,209 | ||
Diamondback Energy Inc. | 4.750% | 5/31/25 | 10,983 | 12,340 | ||
Diamondback Energy Inc. | 5.375% | 5/31/25 | 6,775 | 7,012 | ||
Diamondback Energy Inc. | 3.250% | 12/1/26 | 8,617 | 9,091 | ||
Enable Midstream Partners LP | 3.900% | 5/15/24 | 10,887 | 11,633 | ||
Enbridge Energy Partners LP | 5.875% | 10/15/25 | 7,338 | 8,714 | ||
Enbridge Inc. | 2.900% | 7/15/22 | 8,633 | 8,893 | ||
Enbridge Inc. | 4.000% | 10/1/23 | 21,427 | 23,118 | ||
Enbridge Inc. | 3.500% | 6/10/24 | 9,524 | 10,269 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Enbridge Inc. | 2.500% | 1/15/25 | 17,163 | 18,017 | ||
Energy Transfer Operating LP | 3.600% | 2/1/23 | 25,344 | 26,453 | ||
Energy Transfer Operating LP | 4.250% | 3/15/23 | 28,124 | 29,741 | ||
2 | Energy Transfer Operating LP | 4.200% | 9/15/23 | 13,657 | 14,715 | |
Energy Transfer Operating LP | 5.875% | 1/15/24 | 20,952 | 23,414 | ||
Energy Transfer Operating LP | 4.900% | 2/1/24 | 8,843 | 9,672 | ||
Energy Transfer Operating LP | 4.500% | 4/15/24 | 11,943 | 13,063 | ||
Energy Transfer Operating LP | 4.050% | 3/15/25 | 19,417 | 20,898 | ||
Energy Transfer Operating LP | 2.900% | 5/15/25 | 20,404 | 21,450 | ||
Energy Transfer Operating LP | 4.750% | 1/15/26 | 20,862 | 23,105 | ||
Energy Transfer Partners LP | 5.875% | 3/1/22 | 11,625 | 12,068 | ||
Energy Transfer Partners LP | 5.000% | 10/1/22 | 18,594 | 19,598 | ||
Energy Transfer Partners LP | 4.500% | 11/1/23 | 21,496 | 23,259 | ||
Enterprise Products Operating LLC | 3.350% | 3/15/23 | 33,748 | 35,370 | ||
Enterprise Products Operating LLC | 3.900% | 2/15/24 | 14,511 | 15,776 | ||
Enterprise Products Operating LLC | 3.750% | 2/15/25 | 27,810 | 30,528 | ||
Enterprise Products Operating LLC | 3.700% | 2/15/26 | 17,029 | 18,882 | ||
2 | Enterprise Products Operating LLC | 4.875% | 8/16/77 | 8,850 | 8,407 | |
EOG Resources Inc. | 2.625% | 3/15/23 | 14,801 | 15,385 | ||
EOG Resources Inc. | 3.150% | 4/1/25 | 5,430 | 5,860 | ||
EOG Resources Inc. | 4.150% | 1/15/26 | 15,326 | 17,343 | ||
Exxon Mobil Corp. | 2.397% | 3/6/22 | 24,504 | 24,946 | ||
Exxon Mobil Corp. | 1.902% | 8/16/22 | 16,485 | 16,891 | ||
Exxon Mobil Corp. | 2.726% | 3/1/23 | 32,520 | 33,927 | ||
Exxon Mobil Corp. | 1.571% | 4/15/23 | 51,579 | 52,926 | ||
Exxon Mobil Corp. | 3.176% | 3/15/24 | 9,041 | 9,712 | ||
Exxon Mobil Corp. | 2.019% | 8/16/24 | 24,274 | 25,381 | ||
Exxon Mobil Corp. | 2.709% | 3/6/25 | 21,834 | 23,261 | ||
Exxon Mobil Corp. | 2.992% | 3/19/25 | 75,717 | 81,781 | ||
Halliburton Co. | 3.500% | 8/1/23 | 14,666 | 15,564 | ||
Halliburton Co. | 3.800% | 11/15/25 | 17,487 | 19,389 | ||
2 | Helmerich & Payne Inc. | 4.650% | 3/15/25 | 7,200 | 7,940 | |
Hess Corp. | 3.500% | 7/15/24 | 6,743 | 7,080 | ||
HollyFrontier Corp. | 2.625% | 10/1/23 | 4,191 | 4,306 | ||
Husky Energy Inc. | 3.950% | 4/15/22 | 9,314 | 9,548 | ||
Husky Energy Inc. | 4.000% | 4/15/24 | 11,629 | 12,444 | ||
Kinder Morgan Energy Partners LP | 4.150% | 3/1/22 | 6,087 | 6,306 | ||
Kinder Morgan Energy Partners LP | 3.950% | 9/1/22 | 15,599 | 16,264 | ||
Kinder Morgan Energy Partners LP | 3.450% | 2/15/23 | 11,557 | 12,125 | ||
Kinder Morgan Energy Partners LP | 3.500% | 9/1/23 | 13,383 | 14,260 | ||
Kinder Morgan Energy Partners LP | 4.150% | 2/1/24 | 10,517 | 11,420 | ||
Kinder Morgan Energy Partners LP | 4.300% | 5/1/24 | 13,561 | 14,896 | ||
Kinder Morgan Energy Partners LP | 4.250% | 9/1/24 | 19,754 | 21,875 | ||
Kinder Morgan Inc. | 3.150% | 1/15/23 | 13,977 | 14,624 | ||
Kinder Morgan Inc. | 4.300% | 6/1/25 | 34,276 | 38,410 | ||
Marathon Oil Corp. | 2.800% | 11/1/22 | 7,336 | 7,529 | ||
Marathon Oil Corp. | 3.850% | 6/1/25 | 20,952 | 22,576 | ||
Marathon Petroleum Corp. | 4.500% | 5/1/23 | 26,168 | 28,229 | ||
Marathon Petroleum Corp. | 4.750% | 12/15/23 | 10,917 | 12,050 | ||
Marathon Petroleum Corp. | 3.625% | 9/15/24 | 10,721 | 11,619 | ||
Marathon Petroleum Corp. | 4.700% | 5/1/25 | 43,824 | 49,576 | ||
MPLX LP | 3.500% | 12/1/22 | 13,055 | 13,675 | ||
MPLX LP | 3.375% | 3/15/23 | 12,573 | 13,202 | ||
MPLX LP | 4.500% | 7/15/23 | 18,793 | 20,273 | ||
MPLX LP | 4.875% | 12/1/24 | 24,847 | 27,953 | ||
MPLX LP | 4.000% | 2/15/25 | 14,685 | 16,043 | ||
MPLX LP | 4.875% | 6/1/25 | 23,696 | 26,776 | ||
ONEOK Inc. | 7.500% | 9/1/23 | 9,015 | 10,340 | ||
ONEOK Inc. | 2.750% | 9/1/24 | 9,803 | 10,308 | ||
ONEOK Inc. | 2.200% | 9/15/25 | 14,563 | 15,023 | ||
ONEOK Inc. | 5.850% | 1/15/26 | 8,658 | 10,251 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
ONEOK Partners LP | 3.375% | 10/1/22 | 23,944 | 24,752 | ||
ONEOK Partners LP | 5.000% | 9/15/23 | 9,030 | 9,871 | ||
ONEOK Partners LP | 4.900% | 3/15/25 | 11,941 | 13,353 | ||
Phillips 66 | 4.300% | 4/1/22 | 34,904 | 36,345 | ||
Phillips 66 | 3.700% | 4/6/23 | 8,819 | 9,381 | ||
Phillips 66 | 0.900% | 2/15/24 | 6,200 | 6,194 | ||
Phillips 66 | 3.850% | 4/9/25 | 19,290 | 21,284 | ||
Phillips 66 | 1.300% | 2/15/26 | 9,215 | 9,212 | ||
Phillips 66 Partners LP | 2.450% | 12/15/24 | 7,597 | 7,938 | ||
Phillips 66 Partners LP | 3.605% | 2/15/25 | 9,524 | 10,264 | ||
Pioneer Natural Resources Co. | 0.750% | 1/15/24 | 15,500 | 15,472 | ||
Pioneer Natural Resources Co. | 1.125% | 1/15/26 | 13,000 | 12,843 | ||
Pioneer Natural Resources Co. | 4.450% | 1/15/26 | 16,025 | 18,088 | ||
Plains All American Pipeline LP | 3.650% | 6/1/22 | 12,935 | 13,276 | ||
Plains All American Pipeline LP | 2.850% | 1/31/23 | 7,871 | 8,107 | ||
Plains All American Pipeline LP | 3.850% | 10/15/23 | 18,888 | 20,108 | ||
Plains All American Pipeline LP | 3.600% | 11/1/24 | 16,355 | 17,503 | ||
Plains All American Pipeline LP | 4.650% | 10/15/25 | 24,547 | 27,261 | ||
Sabine Pass Liquefaction LLC | 6.250% | 3/15/22 | 10,988 | 11,427 | ||
Sabine Pass Liquefaction LLC | 5.625% | 4/15/23 | 27,040 | 29,425 | ||
Sabine Pass Liquefaction LLC | 5.750% | 5/15/24 | 40,114 | 45,529 | ||
Sabine Pass Liquefaction LLC | 5.625% | 3/1/25 | 59,654 | 68,483 | ||
Schlumberger Finance Canada Ltd. | 1.400% | 9/17/25 | 9,350 | 9,420 | ||
Schlumberger Investment SA | 3.650% | 12/1/23 | 26,152 | 28,248 | ||
Shell International Finance BV | 2.375% | 8/21/22 | 23,061 | 23,730 | ||
Shell International Finance BV | 2.250% | 1/6/23 | 19,498 | 20,164 | ||
Shell International Finance BV | 3.400% | 8/12/23 | 18,995 | 20,344 | ||
Shell International Finance BV | 0.375% | 9/15/23 | 13,429 | 13,446 | ||
Shell International Finance BV | 3.500% | 11/13/23 | 13,094 | 14,140 | ||
Shell International Finance BV | 2.000% | 11/7/24 | 25,684 | 26,771 | ||
Shell International Finance BV | 2.375% | 4/6/25 | 29,192 | 30,814 | ||
Shell International Finance BV | 3.250% | 5/11/25 | 55,522 | 60,610 | ||
Spectra Energy Partners LP | 4.750% | 3/15/24 | 22,721 | 25,140 | ||
Spectra Energy Partners LP | 3.500% | 3/15/25 | 4,874 | 5,259 | ||
Suncor Energy Inc. | 2.800% | 5/15/23 | 10,625 | 11,142 | ||
Suncor Energy Inc. | 3.600% | 12/1/24 | 18,715 | 20,526 | ||
Suncor Energy Inc. | 3.100% | 5/15/25 | 11,318 | 12,145 | ||
Sunoco Logistics Partners Operations LP | 3.450% | 1/15/23 | 7,173 | 7,451 | ||
Sunoco Logistics Partners Operations LP | 4.250% | 4/1/24 | 20,642 | 22,164 | ||
Sunoco Logistics Partners Operations LP | 5.950% | 12/1/25 | 10,166 | 11,983 | ||
TC PipeLines LP | 4.375% | 3/13/25 | 4,284 | 4,758 | ||
2 | TechnipFMC plc | 3.450% | 10/1/22 | 6,429 | 6,689 | |
Total Capital Canada Ltd. | 2.750% | 7/15/23 | 29,826 | 31,453 | ||
Total Capital International SA | 2.700% | 1/25/23 | 20,123 | 21,016 | ||
Total Capital International SA | 3.700% | 1/15/24 | 23,403 | 25,492 | ||
Total Capital International SA | 3.750% | 4/10/24 | 11,650 | 12,780 | ||
Total Capital International SA | 2.434% | 1/10/25 | 19,346 | 20,406 | ||
TransCanada PipeLines Ltd. | 2.500% | 8/1/22 | 16,950 | 17,479 | ||
TransCanada PipeLines Ltd. | 3.750% | 10/16/23 | 15,206 | 16,344 | ||
TransCanada PipeLines Ltd. | 4.875% | 1/15/26 | 18,267 | 21,125 | ||
Transcontinental Gas Pipe Line Co. LLC | 7.850% | 2/1/26 | 17,629 | 22,663 | ||
Valero Energy Corp. | 2.700% | 4/15/23 | 24,989 | 26,080 | ||
Valero Energy Corp. | 1.200% | 3/15/24 | 11,356 | 11,459 | ||
Valero Energy Corp. | 3.650% | 3/15/25 | 12,577 | 13,587 | ||
Valero Energy Corp. | 2.850% | 4/15/25 | 26,519 | 27,991 | ||
Williams Cos. Inc. | 3.600% | 3/15/22 | 25,398 | 26,088 | ||
Williams Cos. Inc. | 3.350% | 8/15/22 | 18,780 | 19,405 | ||
Williams Cos. Inc. | 3.700% | 1/15/23 | 21,444 | 22,514 | ||
Williams Cos. Inc. | 4.500% | 11/15/23 | 14,271 | 15,601 | ||
Williams Cos. Inc. | 4.300% | 3/4/24 | 21,556 | 23,568 | ||
Williams Cos. Inc. | 4.550% | 6/24/24 | 18,058 | 20,070 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Williams Cos. Inc. | 3.900% | 1/15/25 | 16,492 | 17,963 | ||
Williams Cos. Inc. | 4.000% | 9/15/25 | 22,075 | 24,393 | ||
WPX Energy Inc. | 5.250% | 9/15/24 | 11,320 | 12,579 | ||
3,502,402 | ||||||
Financials (39.10%) | ||||||
AerCap Ireland Capital DAC | 3.500% | 5/26/22 | 3,464 | 3,568 | ||
AerCap Ireland Capital DAC | 4.625% | 7/1/22 | 14,165 | 14,872 | ||
AerCap Ireland Capital DAC | 3.300% | 1/23/23 | 16,923 | 17,566 | ||
AerCap Ireland Capital DAC | 4.125% | 7/3/23 | 18,630 | 19,811 | ||
AerCap Ireland Capital DAC | 4.500% | 9/15/23 | 27,010 | 29,022 | ||
AerCap Ireland Capital DAC | 4.875% | 1/16/24 | 23,650 | 25,807 | ||
AerCap Ireland Capital DAC | 3.150% | 2/15/24 | 18,150 | 18,998 | ||
AerCap Ireland Capital DAC | 2.875% | 8/14/24 | 15,109 | 15,733 | ||
AerCap Ireland Capital DAC | 3.500% | 1/15/25 | 17,087 | 18,030 | ||
AerCap Ireland Capital DAC | 6.500% | 7/15/25 | 30,971 | 36,279 | ||
AerCap Ireland Capital DAC | 4.450% | 10/1/25 | 13,940 | 15,283 | ||
AerCap Ireland Capital DAC | 1.750% | 1/30/26 | 17,000 | 16,623 | ||
Affiliated Managers Group Inc. | 4.250% | 2/15/24 | 5,951 | 6,544 | ||
Affiliated Managers Group Inc. | 3.500% | 8/1/25 | 9,782 | 10,749 | ||
Aflac Inc. | 3.625% | 6/15/23 | 16,417 | 17,679 | ||
Aflac Inc. | 3.625% | 11/15/24 | 29,191 | 32,301 | ||
Aflac Inc. | 3.250% | 3/17/25 | 11,751 | 12,743 | ||
Air Lease Corp. | 2.625% | 7/1/22 | 12,880 | 13,187 | ||
Air Lease Corp. | 2.250% | 1/15/23 | 6,183 | 6,341 | ||
Air Lease Corp. | 2.750% | 1/15/23 | 12,869 | 13,320 | ||
Air Lease Corp. | 3.875% | 7/3/23 | 12,120 | 12,923 | ||
Air Lease Corp. | 3.000% | 9/15/23 | 12,241 | 12,812 | ||
2 | Air Lease Corp. | 4.250% | 2/1/24 | 23,220 | 25,235 | |
2 | Air Lease Corp. | 0.700% | 2/15/24 | 12,000 | 11,883 | |
Air Lease Corp. | 4.250% | 9/15/24 | 12,792 | 14,062 | ||
2 | Air Lease Corp. | 2.300% | 2/1/25 | 15,660 | 15,983 | |
Air Lease Corp. | 3.250% | 3/1/25 | 12,842 | 13,589 | ||
Air Lease Corp. | 3.375% | 7/1/25 | 18,400 | 19,584 | ||
2 | Air Lease Corp. | 2.875% | 1/15/26 | 27,386 | 28,491 | |
Aircastle Ltd. | 5.000% | 4/1/23 | 10,269 | 10,988 | ||
Aircastle Ltd. | 4.400% | 9/25/23 | 13,080 | 13,947 | ||
Aircastle Ltd. | 4.125% | 5/1/24 | 9,634 | 10,140 | ||
Alleghany Corp. | 4.950% | 6/27/22 | 6,095 | 6,438 | ||
Allied World Assurance Co. Holdings Ltd. | 4.350% | 10/29/25 | 7,474 | 8,065 | ||
Allstate Corp. | 3.150% | 6/15/23 | 10,728 | 11,432 | ||
Allstate Corp. | 0.750% | 12/15/25 | 5,900 | 5,836 | ||
2 | Allstate Corp. | 5.750% | 8/15/53 | 13,672 | 14,612 | |
Ally Financial Inc. | 4.625% | 5/19/22 | 13,556 | 14,217 | ||
Ally Financial Inc. | 3.050% | 6/5/23 | 150 | 158 | ||
Ally Financial Inc. | 1.450% | 10/2/23 | 32,070 | 32,591 | ||
Ally Financial Inc. | 3.875% | 5/21/24 | 24,429 | 26,444 | ||
Ally Financial Inc. | 5.125% | 9/30/24 | 26,047 | 29,661 | ||
Ally Financial Inc. | 4.625% | 3/30/25 | 15,931 | 17,982 | ||
Ally Financial Inc. | 5.800% | 5/1/25 | 12,541 | 14,642 | ||
American Express Co. | 2.750% | 5/20/22 | 39,799 | 40,893 | ||
American Express Co. | 2.500% | 8/1/22 | 54,465 | 56,037 | ||
American Express Co. | 2.650% | 12/2/22 | 39,706 | 41,302 | ||
American Express Co. | 3.400% | 2/27/23 | 37,234 | 39,347 | ||
American Express Co. | 3.700% | 8/3/23 | 21,432 | 23,079 | ||
American Express Co. | 3.400% | 2/22/24 | 27,587 | 29,752 | ||
American Express Co. | 2.500% | 7/30/24 | 24,533 | 25,975 | ||
American Express Co. | 3.000% | 10/30/24 | 28,894 | 31,177 | ||
American Express Co. | 3.625% | 12/5/24 | 12,404 | 13,725 | ||
American Express Co. | 4.200% | 11/6/25 | 10,251 | 11,658 | ||
2 | American Express Credit Corp. | 2.700% | 3/3/22 | 31,203 | 31,866 | |
American International Group Inc. | 4.875% | 6/1/22 | 18,402 | 19,415 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
American International Group Inc. | 4.125% | 2/15/24 | 25,718 | 28,386 | ||
American International Group Inc. | 2.500% | 6/30/25 | 39,637 | 41,803 | ||
American International Group Inc. | 3.750% | 7/10/25 | 23,056 | 25,351 | ||
Ameriprise Financial Inc. | 3.000% | 3/22/22 | 17,454 | 17,934 | ||
Ameriprise Financial Inc. | 4.000% | 10/15/23 | 14,646 | 15,994 | ||
Ameriprise Financial Inc. | 3.700% | 10/15/24 | 11,630 | 12,841 | ||
Ameriprise Financial Inc. | 3.000% | 4/2/25 | 12,918 | 13,875 | ||
Aon Corp. | 2.200% | 11/15/22 | 9,899 | 10,199 | ||
Aon plc | 4.000% | 11/27/23 | 5,297 | 5,765 | ||
Aon plc | 3.500% | 6/14/24 | 10,819 | 11,731 | ||
Aon plc | 3.875% | 12/15/25 | 18,956 | 21,139 | ||
Ares Capital Corp. | 3.500% | 2/10/23 | 14,875 | 15,613 | ||
Ares Capital Corp. | 4.200% | 6/10/24 | 13,840 | 15,016 | ||
Ares Capital Corp. | 4.250% | 3/1/25 | 17,571 | 19,095 | ||
Ares Capital Corp. | 3.250% | 7/15/25 | 16,603 | 17,309 | ||
Ares Capital Corp. | 3.875% | 1/15/26 | 24,580 | 26,274 | ||
Aspen Insurance Holdings Ltd. | 4.650% | 11/15/23 | 5,387 | 5,911 | ||
Assurant Inc. | 4.000% | 3/15/23 | 5,825 | 6,213 | ||
Assurant Inc. | 4.200% | 9/27/23 | 8,600 | 9,353 | ||
Assured Guaranty US Holdings Inc. | 5.000% | 7/1/24 | 10,197 | 11,550 | ||
Australia & New Zealand Banking Group Ltd. | 2.625% | 5/19/22 | 16,389 | 16,853 | ||
2 | Australia & New Zealand Banking Group Ltd. | 2.625% | 11/9/22 | 22,181 | 23,058 | |
2 | Australia & New Zealand Banking Group Ltd. | 2.050% | 11/21/22 | 18,331 | 18,881 | |
2 | Australia & New Zealand Banking Group Ltd. | 3.700% | 11/16/25 | 13,494 | 15,201 | |
Banco Bilbao Vizcaya Argentaria SA | 0.875% | 9/18/23 | 20,685 | 20,884 | ||
Banco Bilbao Vizcaya Argentaria SA | 1.125% | 9/18/25 | 15,475 | 15,385 | ||
Banco Santander SA | 3.500% | 4/11/22 | 29,911 | 30,929 | ||
Banco Santander SA | 3.125% | 2/23/23 | 17,970 | 18,878 | ||
Banco Santander SA | 3.848% | 4/12/23 | 25,184 | 26,947 | ||
Banco Santander SA | 2.706% | 6/27/24 | 28,295 | 30,039 | ||
Banco Santander SA | 2.746% | 5/28/25 | 32,595 | 34,578 | ||
Banco Santander SA | 5.179% | 11/19/25 | 21,965 | 25,344 | ||
Bancolombia SA | 3.000% | 1/29/25 | 18,273 | 18,935 | ||
2 | BancorpSouth Bank | 4.125% | 11/20/29 | 825 | 828 | |
2 | Bank of America Corp. | 5.000% | 5/13/21 | 466 | 471 | |
2 | Bank of America Corp. | 2.503% | 10/21/22 | 7,461 | 7,566 | |
2 | Bank of America Corp. | 3.300% | 1/11/23 | 53,952 | 56,857 | |
2 | Bank of America Corp. | 2.881% | 4/24/23 | 23,765 | 24,432 | |
2 | Bank of America Corp. | 2.816% | 7/21/23 | 33,419 | 34,527 | |
Bank of America Corp. | 4.100% | 7/24/23 | 40,165 | 43,787 | ||
2 | Bank of America Corp. | 3.004% | 12/20/23 | 134,024 | 140,061 | |
2 | Bank of America Corp. | 4.125% | 1/22/24 | 60,007 | 66,161 | |
2 | Bank of America Corp. | 3.550% | 3/5/24 | 76,788 | 81,199 | |
2 | Bank of America Corp. | 4.000% | 4/1/24 | 25,981 | 28,506 | |
2 | Bank of America Corp. | 1.486% | 5/19/24 | 22,356 | 22,839 | |
2 | Bank of America Corp. | 3.864% | 7/23/24 | 70,928 | 76,154 | |
2 | Bank of America Corp. | 4.200% | 8/26/24 | 43,455 | 48,098 | |
2 | Bank of America Corp. | 0.810% | 10/24/24 | 43,842 | 44,249 | |
2 | Bank of America Corp. | 4.000% | 1/22/25 | 67,986 | 75,320 | |
2 | Bank of America Corp. | 3.458% | 3/15/25 | 61,940 | 66,988 | |
2 | Bank of America Corp. | 3.950% | 4/21/25 | 57,694 | 63,760 | |
2 | Bank of America Corp. | 3.875% | 8/1/25 | 19,418 | 21,663 | |
2 | Bank of America Corp. | 0.981% | 9/25/25 | 52,455 | 52,785 | |
2 | Bank of America Corp. | 3.093% | 10/1/25 | 54,793 | 59,255 | |
2 | Bank of America Corp. | 2.456% | 10/22/25 | 41,017 | 43,440 | |
2 | Bank of America Corp. | 3.366% | 1/23/26 | 40,407 | 43,981 | |
2 | Bank of America Corp. | 2.015% | 2/13/26 | 37,352 | 38,528 | |
2 | Bank of America Corp. | 3.500% | 4/19/26 | 500 | 556 | |
2 | Bank of America Corp. | 1.319% | 6/19/26 | 72,980 | 73,349 | |
2 | Bank of America Corp. | 1.197% | 10/24/26 | 59,925 | 59,553 | |
2 | Bank of Montreal | 2.900% | 3/26/22 | 52,955 | 54,443 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
2 | Bank of Montreal | 2.350% | 9/11/22 | 17,009 | 17,543 | |
2 | Bank of Montreal | 2.050% | 11/1/22 | 7,926 | 8,157 | |
2 | Bank of Montreal | 2.550% | 11/6/22 | 10,933 | 11,320 | |
Bank of Montreal | 0.450% | 12/8/23 | 20,000 | 19,998 | ||
2 | Bank of Montreal | 3.300% | 2/5/24 | 45,353 | 48,874 | |
2 | Bank of Montreal | 2.500% | 6/28/24 | 10,696 | 11,349 | |
2 | Bank of Montreal | 1.850% | 5/1/25 | 37,082 | 38,292 | |
2 | Bank of Montreal | 0.949% | 1/22/27 | 23,125 | 22,810 | |
2 | Bank of Montreal | 4.338% | 10/5/28 | 5,220 | 5,664 | |
2 | Bank of New York Mellon Corp. | 1.950% | 8/23/22 | 28,523 | 29,235 | |
2 | Bank of New York Mellon Corp. | 1.850% | 1/27/23 | 14,242 | 14,659 | |
2 | Bank of New York Mellon Corp. | 2.950% | 1/29/23 | 17,022 | 17,851 | |
2 | Bank of New York Mellon Corp. | 3.500% | 4/28/23 | 16,602 | 17,735 | |
2 | Bank of New York Mellon Corp. | 2.661% | 5/16/23 | 17,982 | 18,491 | |
2 | Bank of New York Mellon Corp. | 3.450% | 8/11/23 | 20,649 | 22,197 | |
2 | Bank of New York Mellon Corp. | 2.200% | 8/16/23 | 26,203 | 27,357 | |
2 | Bank of New York Mellon Corp. | 0.350% | 12/7/23 | 20,100 | 20,126 | |
2 | Bank of New York Mellon Corp. | 3.650% | 2/4/24 | 11,229 | 12,237 | |
Bank of New York Mellon Corp. | 3.400% | 5/15/24 | 11,199 | 12,220 | ||
2 | Bank of New York Mellon Corp. | 3.250% | 9/11/24 | 6,873 | 7,491 | |
2 | Bank of New York Mellon Corp. | 2.100% | 10/24/24 | 13,410 | 14,128 | |
2 | Bank of New York Mellon Corp. | 3.000% | 2/24/25 | 15,445 | 16,619 | |
2 | Bank of New York Mellon Corp. | 1.600% | 4/24/25 | 22,745 | 23,288 | |
2 | Bank of New York Mellon Corp. | 3.950% | 11/18/25 | 6,145 | 6,977 | |
2 | Bank of New York Mellon Corp. | 0.750% | 1/28/26 | 5,431 | 5,342 | |
Bank of Nova Scotia | 2.700% | 3/7/22 | 39,480 | 40,486 | ||
2 | Bank of Nova Scotia | 2.450% | 9/19/22 | 13,240 | 13,683 | |
Bank of Nova Scotia | 2.000% | 11/15/22 | 30,318 | 31,195 | ||
Bank of Nova Scotia | 2.375% | 1/18/23 | 7,795 | 8,073 | ||
Bank of Nova Scotia | 1.950% | 2/1/23 | 23,593 | 24,238 | ||
Bank of Nova Scotia | 1.625% | 5/1/23 | 35,092 | 35,976 | ||
Bank of Nova Scotia | 0.550% | 9/15/23 | 14,212 | 14,250 | ||
Bank of Nova Scotia | 3.400% | 2/11/24 | 16,435 | 17,778 | ||
Bank of Nova Scotia | 2.200% | 2/3/25 | 21,110 | 22,067 | ||
Bank of Nova Scotia | 1.300% | 6/11/25 | 33,109 | 33,361 | ||
Bank of Nova Scotia | 4.500% | 12/16/25 | 18,835 | 21,599 | ||
2 | Bank of Nova Scotia | 4.650% | 4/12/69 | 4,050 | 4,040 | |
BankUnited Inc. | 4.875% | 11/17/25 | 9,553 | 10,864 | ||
Barclays Bank plc | 1.700% | 5/12/22 | 14,541 | 14,762 | ||
2 | Barclays Bank plc | 3.750% | 5/15/24 | 4,450 | 4,889 | |
Barclays plc | 3.684% | 1/10/23 | 32,125 | 32,994 | ||
2 | Barclays plc | 4.338% | 5/16/24 | 46,524 | 50,292 | |
Barclays plc | 4.375% | 9/11/24 | 19,292 | 21,208 | ||
Barclays plc | 1.007% | 12/10/24 | 17,308 | 17,381 | ||
Barclays plc | 3.650% | 3/16/25 | 43,447 | 47,172 | ||
2 | Barclays plc | 3.932% | 5/7/25 | 37,012 | 40,260 | |
Barclays plc | 4.375% | 1/12/26 | 59,061 | 66,843 | ||
2 | Barclays plc | 2.852% | 5/7/26 | 51,680 | 54,530 | |
2 | BBVA USA | 2.875% | 6/29/22 | 15,574 | 16,071 | |
BBVA USA | 2.500% | 8/27/24 | 13,255 | 14,015 | ||
2 | BBVA USA | 3.875% | 4/10/25 | 13,632 | 15,128 | |
Berkshire Hathaway Finance Corp. | 3.000% | 5/15/22 | 17,677 | 18,252 | ||
Berkshire Hathaway Inc. | 3.000% | 2/11/23 | 8,443 | 8,900 | ||
Berkshire Hathaway Inc. | 2.750% | 3/15/23 | 46,043 | 48,138 | ||
BGC Partners Inc. | 5.375% | 7/24/23 | 9,344 | 10,203 | ||
BGC Partners Inc. | 3.750% | 10/1/24 | 5,958 | 6,249 | ||
BlackRock Inc. | 3.375% | 6/1/22 | 11,250 | 11,686 | ||
BlackRock Inc. | 3.500% | 3/18/24 | 21,302 | 23,216 | ||
2,3 | Blackstone Secured Lending Fund | 3.650% | 7/14/23 | 3,737 | 3,903 | |
2,3 | Blackstone Secured Lending Fund | 3.625% | 1/15/26 | 16,411 | 16,974 | |
2 | BNP Paribas SA | 3.250% | 3/3/23 | 14,632 | 15,509 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
2 | BNP Paribas SA | 4.250% | 10/15/24 | 19,049 | 21,378 | |
2,3 | BNP Paribas SA | 2.819% | 11/19/25 | 2,000 | 2,127 | |
2,3 | BPCE SA | 3.000% | 5/22/22 | 4,300 | 4,437 | |
BPCE SA | 4.000% | 4/15/24 | 27,767 | 30,645 | ||
Brookfield Asset Management Inc. | 4.000% | 1/15/25 | 7,123 | 7,852 | ||
Brookfield Finance Inc. | 4.000% | 4/1/24 | 18,849 | 20,566 | ||
Brown & Brown Inc. | 4.200% | 9/15/24 | 10,314 | 11,494 | ||
Canadian Imperial Bank of Commerce | 2.550% | 6/16/22 | 24,257 | 24,982 | ||
Canadian Imperial Bank of Commerce | 0.950% | 6/23/23 | 15,175 | 15,355 | ||
2 | Canadian Imperial Bank of Commerce | 2.606% | 7/22/23 | 25,837 | 26,617 | |
2 | Canadian Imperial Bank of Commerce | 3.500% | 9/13/23 | 27,599 | 29,797 | |
Canadian Imperial Bank of Commerce | 0.500% | 12/14/23 | 20,365 | 20,363 | ||
Canadian Imperial Bank of Commerce | 3.100% | 4/2/24 | 11,744 | 12,587 | ||
Canadian Imperial Bank of Commerce | 2.250% | 1/28/25 | 18,139 | 18,936 | ||
Canadian Imperial Bank of Commerce | 0.950% | 10/23/25 | 7,077 | 7,052 | ||
Capital One Bank USA NA | 3.375% | 2/15/23 | 35,877 | 37,833 | ||
2 | Capital One Bank USA NA | 2.280% | 1/28/26 | 75 | 78 | |
Capital One Financial Corp. | 3.050% | 3/9/22 | 28,142 | 28,844 | ||
Capital One Financial Corp. | 3.200% | 1/30/23 | 20,037 | 21,058 | ||
Capital One Financial Corp. | 2.600% | 5/11/23 | 37,268 | 38,918 | ||
Capital One Financial Corp. | 3.500% | 6/15/23 | 31,848 | 34,035 | ||
Capital One Financial Corp. | 3.900% | 1/29/24 | 22,190 | 24,133 | ||
Capital One Financial Corp. | 3.750% | 4/24/24 | 16,645 | 18,078 | ||
Capital One Financial Corp. | 3.300% | 10/30/24 | 19,644 | 21,309 | ||
Capital One Financial Corp. | 3.200% | 2/5/25 | 36,500 | 39,330 | ||
Capital One Financial Corp. | 4.250% | 4/30/25 | 7,604 | 8,515 | ||
Capital One Financial Corp. | 4.200% | 10/29/25 | 27,756 | 31,139 | ||
Capital One NA | 2.150% | 9/6/22 | 5,938 | 6,089 | ||
Charles Schwab Corp. | 3.225% | 9/1/22 | 1,500 | 1,565 | ||
Charles Schwab Corp. | 2.650% | 1/25/23 | 18,586 | 19,361 | ||
Charles Schwab Corp. | 3.550% | 2/1/24 | 10,277 | 11,161 | ||
Charles Schwab Corp. | 3.000% | 3/10/25 | 10,095 | 10,878 | ||
Charles Schwab Corp. | 4.200% | 3/24/25 | 9,150 | 10,311 | ||
Charles Schwab Corp. | 3.850% | 5/21/25 | 14,328 | 15,988 | ||
Charles Schwab Corp. | 3.450% | 2/13/26 | 5,354 | 5,930 | ||
Chubb INA Holdings Inc. | 2.875% | 11/3/22 | 21,491 | 22,313 | ||
Chubb INA Holdings Inc. | 2.700% | 3/13/23 | 13,687 | 14,377 | ||
Chubb INA Holdings Inc. | 3.350% | 5/15/24 | 20,113 | 21,948 | ||
Chubb INA Holdings Inc. | 3.150% | 3/15/25 | 18,503 | 19,990 | ||
2 | CIT Bank NA | 2.969% | 9/27/25 | 3,300 | 3,514 | |
2 | Citibank NA | 3.650% | 1/23/24 | 41,645 | 45,280 | |
Citigroup Inc. | 2.750% | 4/25/22 | 57,134 | 58,564 | ||
Citigroup Inc. | 4.050% | 7/30/22 | 21,824 | 22,923 | ||
Citigroup Inc. | 2.700% | 10/27/22 | 24,243 | 25,130 | ||
Citigroup Inc. | 3.375% | 3/1/23 | 8,005 | 8,476 | ||
Citigroup Inc. | 3.500% | 5/15/23 | 25,706 | 27,313 | ||
2 | Citigroup Inc. | 2.876% | 7/24/23 | 66,497 | 68,747 | |
Citigroup Inc. | 3.875% | 10/25/23 | 19,287 | 21,017 | ||
2 | Citigroup Inc. | 1.678% | 5/15/24 | 19,940 | 20,410 | |
2 | Citigroup Inc. | 4.044% | 6/1/24 | 27,637 | 29,735 | |
Citigroup Inc. | 3.750% | 6/16/24 | 18,075 | 19,891 | ||
Citigroup Inc. | 4.000% | 8/5/24 | 9,856 | 10,840 | ||
Citigroup Inc. | 0.776% | 10/30/24 | 39,146 | 39,359 | ||
Citigroup Inc. | 3.875% | 3/26/25 | 28,222 | 31,062 | ||
2 | Citigroup Inc. | 3.352% | 4/24/25 | 70,301 | 76,024 | |
Citigroup Inc. | 3.300% | 4/27/25 | 36,049 | 39,424 | ||
Citigroup Inc. | 4.400% | 6/10/25 | 46,056 | 51,525 | ||
Citigroup Inc. | 5.500% | 9/13/25 | 25,327 | 29,873 | ||
Citigroup Inc. | 3.700% | 1/12/26 | 41,328 | 46,055 | ||
2 | Citigroup Inc. | 3.106% | 4/8/26 | 74,574 | 80,211 | |
Citigroup Inc. | 1.122% | 1/28/27 | 51,650 | 50,870 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
2 | Citizens Bank NA | 2.650% | 5/26/22 | 14,791 | 15,179 | |
2 | Citizens Bank NA | 3.700% | 3/29/23 | 19,623 | 20,909 | |
2 | Citizens Bank NA | 2.250% | 4/28/25 | 6,439 | 6,752 | |
2 | Citizens Bank NA | 3.750% | 2/18/26 | 10,112 | 11,336 | |
Citizens Financial Group Inc. | 4.300% | 12/3/25 | 700 | 790 | ||
2,3 | Citizens Financial Group Inc. | 4.300% | 2/11/31 | 3,891 | 4,309 | |
CME Group Inc. | 3.000% | 9/15/22 | 15,277 | 15,893 | ||
CME Group Inc. | 3.000% | 3/15/25 | 15,776 | 17,048 | ||
CNA Financial Corp. | 3.950% | 5/15/24 | 10,625 | 11,661 | ||
CNO Financial Group Inc. | 5.250% | 5/30/25 | 11,275 | 12,910 | ||
2 | Comerica Bank | 2.500% | 7/23/24 | 9,239 | 9,833 | |
2 | Comerica Bank | 4.000% | 7/27/25 | 4,790 | 5,360 | |
Comerica Inc. | 3.700% | 7/31/23 | 20,192 | 21,716 | ||
2,3 | Commonwealth Bank of Australia | 2.750% | 3/10/22 | 3,500 | 3,589 | |
Cooperatieve Rabobank UA | 3.875% | 2/8/22 | 65,932 | 68,161 | ||
Cooperatieve Rabobank UA | 3.950% | 11/9/22 | 22,451 | 23,759 | ||
Cooperatieve Rabobank UA | 2.750% | 1/10/23 | 26,093 | 27,256 | ||
Cooperatieve Rabobank UA | 4.625% | 12/1/23 | 38,181 | 42,190 | ||
Cooperatieve Rabobank UA | 0.375% | 1/12/24 | 15,300 | 15,275 | ||
2 | Cooperatieve Rabobank UA | 3.375% | 5/21/25 | 29,465 | 32,482 | |
Cooperatieve Rabobank UA | 4.375% | 8/4/25 | 26,074 | 29,543 | ||
Credit Suisse AG | 2.800% | 4/8/22 | 32,860 | 33,722 | ||
Credit Suisse AG | 1.000% | 5/5/23 | 43,381 | 43,951 | ||
Credit Suisse AG | 0.495% | 2/2/24 | 25,050 | 25,020 | ||
2 | Credit Suisse AG | 3.625% | 9/9/24 | 67,024 | 73,669 | |
Credit Suisse AG | 2.950% | 4/9/25 | 41,558 | 45,092 | ||
2,3 | Credit Suisse Group AG | 3.574% | 1/9/23 | 7,175 | 7,373 | |
Credit Suisse Group AG | 3.800% | 6/9/23 | 30,637 | 32,828 | ||
Credit Suisse Group AG | 3.750% | 3/26/25 | 41,571 | 45,508 | ||
Credit Suisse Group Funding Guernsey Ltd. | 3.800% | 9/15/22 | 38,084 | 39,975 | ||
2 | Deutsche Bank AG | 4.250% | 10/14/21 | 8,978 | 9,176 | |
2 | Deutsche Bank AG | 3.300% | 11/16/22 | 12,910 | 13,459 | |
Deutsche Bank AG | 3.950% | 2/27/23 | 22,727 | 24,150 | ||
2 | Deutsche Bank AG | 3.700% | 5/30/24 | 28,695 | 30,962 | |
Deutsche Bank AG | 3.700% | 5/30/24 | 7,471 | 8,061 | ||
2 | Deutsche Bank AG | 2.222% | 9/18/24 | 50,890 | 52,305 | |
2 | Deutsche Bank AG | 3.961% | 11/26/25 | 21,414 | 23,411 | |
Deutsche Bank AG | 4.100% | 1/13/26 | 2,186 | 2,397 | ||
2 | Deutsche Bank AG | 4.100% | 1/13/26 | 17,246 | 18,909 | |
Deutsche Bank AG | 2.129% | 11/24/26 | 39,830 | 40,220 | ||
2 | Discover Bank | 3.350% | 2/6/23 | 22,087 | 23,253 | |
2 | Discover Bank | 4.200% | 8/8/23 | 18,396 | 19,974 | |
Discover Bank | 2.450% | 9/12/24 | 17,269 | 18,223 | ||
2 | Discover Bank | 4.682% | 8/9/28 | 12,208 | 12,986 | |
Discover Financial Services | 5.200% | 4/27/22 | 8,317 | 8,754 | ||
Discover Financial Services | 3.850% | 11/21/22 | 23,011 | 24,316 | ||
Discover Financial Services | 3.950% | 11/6/24 | 10,280 | 11,329 | ||
Discover Financial Services | 3.750% | 3/4/25 | 9,268 | 10,119 | ||
Discover Financial Services | 4.500% | 1/30/26 | 13,723 | 15,639 | ||
E*TRADE Financial Corp. | 2.950% | 8/24/22 | 12,438 | 12,865 | ||
Eaton Vance Corp. | 3.625% | 6/15/23 | 6,205 | 6,635 | ||
Enstar Group Ltd. | 4.500% | 3/10/22 | 6,605 | 6,820 | ||
Equitable Holdings Inc. | 3.900% | 4/20/23 | 10,182 | 10,883 | ||
Fidelity National Financial Inc. | 5.500% | 9/1/22 | 6,846 | 7,334 | ||
Fifth Third Bancorp | 3.500% | 3/15/22 | 12,309 | 12,679 | ||
Fifth Third Bancorp | 2.600% | 6/15/22 | 9,355 | 9,601 | ||
Fifth Third Bancorp | 1.625% | 5/5/23 | 12,144 | 12,455 | ||
Fifth Third Bancorp | 4.300% | 1/16/24 | 14,028 | 15,411 | ||
Fifth Third Bancorp | 3.650% | 1/25/24 | 45,284 | 49,117 | ||
Fifth Third Bancorp | 2.375% | 1/28/25 | 11,995 | 12,551 | ||
2 | Fifth Third Bank NA | 1.800% | 1/30/23 | 14,654 | 15,055 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
2 | Fifth Third Bank NA | 3.950% | 7/28/25 | 12,212 | 13,757 | |
First American Financial Corp. | 4.600% | 11/15/24 | 4,987 | 5,581 | ||
First Horizon Corp. | 3.550% | 5/26/23 | 5,598 | 5,921 | ||
First Horizon Corp. | 4.000% | 5/26/25 | 10,753 | 11,911 | ||
First Niagara Financial Group Inc. | 7.250% | 12/15/21 | 418 | 440 | ||
2 | First Republic Bank | 2.500% | 6/6/22 | 7,438 | 7,616 | |
2 | First Republic Bank | 1.912% | 2/12/24 | 10,725 | 11,021 | |
FNB Corp. | 2.200% | 2/24/23 | 4,300 | 4,373 | ||
Franklin Resources Inc. | 2.800% | 9/15/22 | 7,033 | 7,288 | ||
Franklin Resources Inc. | 2.850% | 3/30/25 | 10,057 | 10,779 | ||
FS KKR Capital Corp. | 4.750% | 5/15/22 | 7,549 | 7,832 | ||
FS KKR Capital Corp. | 4.625% | 7/15/24 | 10,612 | 11,289 | ||
FS KKR Capital Corp. | 4.125% | 2/1/25 | 9,475 | 9,842 | ||
FS KKR Capital Corp. | 3.400% | 1/15/26 | 20,801 | 20,734 | ||
GATX Corp. | 3.900% | 3/30/23 | 1,775 | 1,893 | ||
GATX Corp. | 4.350% | 2/15/24 | 5,483 | 6,009 | ||
GATX Corp. | 3.250% | 3/30/25 | 3,241 | 3,487 | ||
2,3 | GE Capital Funding LLC | 3.450% | 5/15/25 | 30,597 | 33,162 | |
GE Capital International Funding Co. Unlimited Co. | 3.373% | 11/15/25 | 34,258 | 37,360 | ||
Global Payments Inc. | 3.750% | 6/1/23 | 10,526 | 11,189 | ||
Global Payments Inc. | 4.000% | 6/1/23 | 14,126 | 15,175 | ||
Global Payments Inc. | 2.650% | 2/15/25 | 27,250 | 28,695 | ||
Globe Life Inc. | 3.800% | 9/15/22 | 4,020 | 4,232 | ||
Goldman Sachs BDC Inc. | 3.750% | 2/10/25 | 9,422 | 10,002 | ||
Goldman Sachs BDC Inc. | 2.875% | 1/15/26 | 8,325 | 8,491 | ||
Goldman Sachs Group Inc. | 3.000% | 4/26/22 | 37,540 | 37,684 | ||
Goldman Sachs Group Inc. | 3.625% | 1/22/23 | 41,013 | 43,459 | ||
2 | Goldman Sachs Group Inc. | 0.481% | 1/27/23 | 50,300 | 50,319 | |
Goldman Sachs Group Inc. | 3.200% | 2/23/23 | 34,464 | 36,246 | ||
2 | Goldman Sachs Group Inc. | 2.908% | 6/5/23 | 50,257 | 51,702 | |
2 | Goldman Sachs Group Inc. | 2.905% | 7/24/23 | 56,547 | 58,428 | |
2 | Goldman Sachs Group Inc. | 0.627% | 11/17/23 | 45,478 | 45,638 | |
Goldman Sachs Group Inc. | 3.625% | 2/20/24 | 43,738 | 47,455 | ||
Goldman Sachs Group Inc. | 4.000% | 3/3/24 | 49,297 | 54,164 | ||
2 | Goldman Sachs Group Inc. | 3.850% | 7/8/24 | 45,063 | 49,302 | |
Goldman Sachs Group Inc. | 3.500% | 1/23/25 | 64,254 | 69,996 | ||
Goldman Sachs Group Inc. | 3.500% | 4/1/25 | 89,135 | 97,139 | ||
Goldman Sachs Group Inc. | 3.750% | 5/22/25 | 28,563 | 31,481 | ||
2 | Goldman Sachs Group Inc. | 3.272% | 9/29/25 | 33,698 | 36,492 | |
Goldman Sachs Group Inc. | 4.250% | 10/21/25 | 51,045 | 57,422 | ||
Goldman Sachs Group Inc. | 0.855% | 2/12/26 | 18,970 | 18,759 | ||
2 | Goldman Sachs Group Inc. | 1.093% | 12/9/26 | 45,700 | 45,190 | |
Golub Capital BDC Inc. | 3.375% | 4/15/24 | 7,498 | 7,806 | ||
2 | HSBC Holdings plc | 3.262% | 3/13/23 | 65,482 | 67,408 | |
HSBC Holdings plc | 3.600% | 5/25/23 | 38,423 | 41,184 | ||
2 | HSBC Holdings plc | 3.033% | 11/22/23 | 25,639 | 26,754 | |
HSBC Holdings plc | 4.250% | 3/14/24 | 43,574 | 47,745 | ||
2 | HSBC Holdings plc | 3.950% | 5/18/24 | 48,542 | 52,149 | |
2 | HSBC Holdings plc | 3.803% | 3/11/25 | 59,778 | 64,956 | |
HSBC Holdings plc | 4.250% | 8/18/25 | 23,123 | 25,855 | ||
2 | HSBC Holdings plc | 2.633% | 11/7/25 | 27,792 | 29,454 | |
2 | HSBC Holdings plc | 1.645% | 4/18/26 | 39,350 | 39,772 | |
2 | HSBC Holdings plc | 2.099% | 6/4/26 | 54,158 | 55,953 | |
2 | HSBC Holdings plc | 4.292% | 9/12/26 | 60,462 | 67,789 | |
HSBC USA Inc. | 3.500% | 6/23/24 | 25,314 | 27,604 | ||
Huntington Bancshares Inc. | 2.625% | 8/6/24 | 18,536 | 19,722 | ||
Huntington Bancshares Inc. | 4.000% | 5/15/25 | 2,633 | 2,953 | ||
2 | Huntington National Bank | 3.125% | 4/1/22 | 18,595 | 19,107 | |
2 | Huntington National Bank | 2.500% | 8/7/22 | 17,254 | 17,750 | |
Huntington National Bank | 1.800% | 2/3/23 | 17,306 | 17,792 | ||
2 | Huntington National Bank | 3.550% | 10/6/23 | 15,619 | 16,861 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
ING Groep NV | 3.150% | 3/29/22 | 26,183 | 26,987 | ||
ING Groep NV | 4.100% | 10/2/23 | 26,264 | 28,683 | ||
ING Groep NV | 3.550% | 4/9/24 | 26,677 | 29,018 | ||
Intercontinental Exchange Inc. | 2.350% | 9/15/22 | 17,534 | 18,020 | ||
Intercontinental Exchange Inc. | 0.700% | 6/15/23 | 18,624 | 18,717 | ||
Intercontinental Exchange Inc. | 3.450% | 9/21/23 | 8,785 | 9,425 | ||
Intercontinental Exchange Inc. | 4.000% | 10/15/23 | 14,238 | 15,513 | ||
Intercontinental Exchange Inc. | 3.750% | 12/1/25 | 22,060 | 24,496 | ||
International Lease Finance Corp. | 5.875% | 8/15/22 | 12,232 | 13,060 | ||
3 | Intesa Sanpaolo SpA | 3.375% | 1/12/23 | 2,800 | 2,931 | |
Intesa Sanpaolo SpA | 5.250% | 1/12/24 | 9,942 | 11,113 | ||
Invesco Finance plc | 3.125% | 11/30/22 | 11,281 | 11,814 | ||
Invesco Finance plc | 4.000% | 1/30/24 | 11,675 | 12,848 | ||
Invesco Finance plc | 3.750% | 1/15/26 | 10,104 | 11,265 | ||
Janus Capital Group Inc. | 4.875% | 8/1/25 | 5,165 | 5,867 | ||
Jefferies Financial Group Inc. | 5.500% | 10/18/23 | 16,923 | 18,458 | ||
Jefferies Group LLC | 5.125% | 1/20/23 | 14,032 | 15,210 | ||
JPMorgan Chase & Co. | 3.250% | 9/23/22 | 47,386 | 49,591 | ||
JPMorgan Chase & Co. | 2.972% | 1/15/23 | 47,177 | 48,270 | ||
JPMorgan Chase & Co. | 3.200% | 1/25/23 | 17,433 | 18,371 | ||
2 | JPMorgan Chase & Co. | 3.207% | 4/1/23 | 31,950 | 32,906 | |
2 | JPMorgan Chase & Co. | 2.776% | 4/25/23 | 42,606 | 43,781 | |
JPMorgan Chase & Co. | 3.375% | 5/1/23 | 48,912 | 51,967 | ||
JPMorgan Chase & Co. | 2.700% | 5/18/23 | 51,324 | 53,794 | ||
JPMorgan Chase & Co. | 3.875% | 2/1/24 | 27,102 | 29,706 | ||
2 | JPMorgan Chase & Co. | 3.559% | 4/23/24 | 50,082 | 53,335 | |
JPMorgan Chase & Co. | 3.625% | 5/13/24 | 39,444 | 43,184 | ||
2 | JPMorgan Chase & Co. | 1.514% | 6/1/24 | 27,626 | 28,325 | |
2 | JPMorgan Chase & Co. | 3.797% | 7/23/24 | 40,018 | 43,172 | |
JPMorgan Chase & Co. | 3.875% | 9/10/24 | 46,180 | 50,974 | ||
2 | JPMorgan Chase & Co. | 0.653% | 9/16/24 | 40,187 | 40,283 | |
2 | JPMorgan Chase & Co. | 4.023% | 12/5/24 | 70,033 | 76,480 | |
JPMorgan Chase & Co. | 3.125% | 1/23/25 | 52,008 | 56,130 | ||
JPMorgan Chase & Co. | 0.563% | 2/16/25 | 22,470 | 22,413 | ||
2 | JPMorgan Chase & Co. | 3.220% | 3/1/25 | 57,571 | 61,714 | |
JPMorgan Chase & Co. | 3.900% | 7/15/25 | 39,998 | 44,438 | ||
JPMorgan Chase & Co. | 7.750% | 7/15/25 | 1,336 | 1,696 | ||
2 | JPMorgan Chase & Co. | 2.301% | 10/15/25 | 50,172 | 52,611 | |
2 | JPMorgan Chase & Co. | 2.005% | 3/13/26 | 62,950 | 65,203 | |
2 | JPMorgan Chase & Co. | 2.083% | 4/22/26 | 87,498 | 90,701 | |
JPMorgan Chase & Co. | 1.045% | 11/19/26 | 68,375 | 67,352 | ||
2 | JPMorgan Chase & Co. | 3.960% | 1/29/27 | 19,069 | 21,433 | |
JPMorgan Chase & Co. | 1.040% | 2/4/27 | 31,300 | 30,795 | ||
Kemper Corp. | 4.350% | 2/15/25 | 8,889 | 9,771 | ||
2 | KeyBank NA | 3.180% | 5/22/22 | 6,200 | 6,358 | |
2 | KeyBank NA | 2.400% | 6/9/22 | 10,094 | 10,377 | |
2 | KeyBank NA | 2.300% | 9/14/22 | 19,629 | 20,249 | |
2 | KeyBank NA | 3.375% | 3/7/23 | 14,641 | 15,531 | |
2 | KeyBank NA | 1.250% | 3/10/23 | 22,685 | 23,133 | |
2 | KeyBank NA | 0.423% | 1/3/24 | 18,100 | 18,161 | |
2 | KeyBank NA | 3.300% | 6/1/25 | 9,475 | 10,409 | |
2 | KeyCorp | 4.150% | 10/29/25 | 6,468 | 7,332 | |
Lazard Group LLC | 3.750% | 2/13/25 | 7,683 | 8,381 | ||
Lincoln National Corp. | 4.200% | 3/15/22 | 7,270 | 7,561 | ||
Lincoln National Corp. | 4.000% | 9/1/23 | 10,080 | 10,993 | ||
Lincoln National Corp. | 3.350% | 3/9/25 | 3,718 | 4,032 | ||
Lloyds Bank plc | 2.250% | 8/14/22 | 2,650 | 2,725 | ||
Lloyds Bank plc | 3.500% | 5/14/25 | 750 | 823 | ||
Lloyds Banking Group plc | 3.100% | 7/6/21 | 17,644 | 17,814 | ||
2 | Lloyds Banking Group plc | 2.858% | 3/17/23 | 37,224 | 38,158 | |
2 | Lloyds Banking Group plc | 1.326% | 6/15/23 | 12,593 | 12,727 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Lloyds Banking Group plc | 4.050% | 8/16/23 | 38,182 | 41,427 | ||
2 | Lloyds Banking Group plc | 2.907% | 11/7/23 | 32,129 | 33,397 | |
Lloyds Banking Group plc | 3.900% | 3/12/24 | 20,679 | 22,621 | ||
Lloyds Banking Group plc | 4.500% | 11/4/24 | 23,962 | 26,758 | ||
Lloyds Banking Group plc | 4.450% | 5/8/25 | 14,523 | 16,381 | ||
2 | Lloyds Banking Group plc | 3.870% | 7/9/25 | 50,241 | 55,196 | |
Lloyds Banking Group plc | 4.582% | 12/10/25 | 28,335 | 32,090 | ||
2 | Lloyds Banking Group plc | 2.438% | 2/5/26 | 24,044 | 25,091 | |
Loews Corp. | 2.625% | 5/15/23 | 8,488 | 8,864 | ||
M&T Bank Corp. | 3.550% | 7/26/23 | 18,282 | 19,662 | ||
Main Street Capital Corp. | 5.200% | 5/1/24 | 8,340 | 8,992 | ||
2 | Manufacturers & Traders Trust Co. | 2.500% | 5/18/22 | 17,604 | 18,046 | |
2 | Manufacturers & Traders Trust Co. | 2.900% | 2/6/25 | 7,622 | 8,208 | |
Markel Corp. | 4.900% | 7/1/22 | 7,250 | 7,677 | ||
Marsh & McLennan Cos. Inc. | 2.750% | 1/30/22 | 9,702 | 9,896 | ||
Marsh & McLennan Cos. Inc. | 3.300% | 3/14/23 | 6,405 | 6,745 | ||
Marsh & McLennan Cos. Inc. | 3.875% | 3/15/24 | 21,230 | 23,191 | ||
Marsh & McLennan Cos. Inc. | 3.500% | 6/3/24 | 11,877 | 12,858 | ||
Marsh & McLennan Cos. Inc. | 3.500% | 3/10/25 | 13,817 | 15,087 | ||
Mastercard Inc. | 3.375% | 4/1/24 | 18,545 | 20,143 | ||
Mastercard Inc. | 2.000% | 3/3/25 | 17,497 | 18,161 | ||
MetLife Inc. | 3.048% | 12/15/22 | 14,569 | 15,302 | ||
2 | MetLife Inc. | 4.368% | 9/15/23 | 21,641 | 23,819 | |
MetLife Inc. | 3.600% | 4/10/24 | 18,416 | 20,069 | ||
MetLife Inc. | 3.000% | 3/1/25 | 11,088 | 11,968 | ||
MetLife Inc. | 3.600% | 11/13/25 | 5,727 | 6,356 | ||
Mitsubishi UFJ Financial Group Inc. | 3.218% | 3/7/22 | 32,132 | 33,067 | ||
Mitsubishi UFJ Financial Group Inc. | 2.623% | 7/18/22 | 44,708 | 46,081 | ||
Mitsubishi UFJ Financial Group Inc. | 2.665% | 7/25/22 | 46,960 | 48,467 | ||
Mitsubishi UFJ Financial Group Inc. | 3.455% | 3/2/23 | 32,805 | 34,735 | ||
Mitsubishi UFJ Financial Group Inc. | 3.761% | 7/26/23 | 47,579 | 51,277 | ||
Mitsubishi UFJ Financial Group Inc. | 2.527% | 9/13/23 | 12,613 | 13,305 | ||
Mitsubishi UFJ Financial Group Inc. | 3.407% | 3/7/24 | 38,407 | 41,456 | ||
Mitsubishi UFJ Financial Group Inc. | 2.801% | 7/18/24 | 20,685 | 22,086 | ||
2 | Mitsubishi UFJ Financial Group Inc. | 0.848% | 9/15/24 | 27,114 | 27,190 | |
Mitsubishi UFJ Financial Group Inc. | 2.193% | 2/25/25 | 53,073 | 55,164 | ||
Mitsubishi UFJ Financial Group Inc. | 1.412% | 7/17/25 | 32,421 | 32,717 | ||
Mizuho Financial Group Inc. | 2.953% | 2/28/22 | 29,515 | 30,280 | ||
Mizuho Financial Group Inc. | 2.601% | 9/11/22 | 26,567 | 27,481 | ||
Mizuho Financial Group Inc. | 3.549% | 3/5/23 | 13,529 | 14,374 | ||
2 | Mizuho Financial Group Inc. | 2.721% | 7/16/23 | 15,995 | 16,472 | |
2 | Mizuho Financial Group Inc. | 1.241% | 7/10/24 | 19,195 | 19,457 | |
2 | Mizuho Financial Group Inc. | 0.849% | 9/8/24 | 16,625 | 16,655 | |
2 | Mizuho Financial Group Inc. | 3.922% | 9/11/24 | 24,046 | 26,039 | |
2 | Mizuho Financial Group Inc. | 2.839% | 7/16/25 | 17,288 | 18,388 | |
2 | Mizuho Financial Group Inc. | 2.555% | 9/13/25 | 11,441 | 12,086 | |
2 | Mizuho Financial Group Inc. | 2.226% | 5/25/26 | 3,900 | 4,036 | |
Morgan Stanley | 2.750% | 5/19/22 | 60,160 | 61,966 | ||
Morgan Stanley | 4.875% | 11/1/22 | 46,012 | 49,359 | ||
2 | Morgan Stanley | 3.125% | 1/23/23 | 49,760 | 52,264 | |
2 | Morgan Stanley | 3.750% | 2/25/23 | 63,898 | 68,058 | |
2 | Morgan Stanley | 4.100% | 5/22/23 | 50,510 | 54,360 | |
2 | Morgan Stanley | 0.560% | 11/10/23 | 26,760 | 26,756 | |
2 | Morgan Stanley | 0.529% | 1/25/24 | 30,800 | 30,792 | |
2 | Morgan Stanley | 3.737% | 4/24/24 | 66,131 | 70,591 | |
2 | Morgan Stanley | 3.875% | 4/29/24 | 62,440 | 68,609 | |
2 | Morgan Stanley | 3.700% | 10/23/24 | 66,442 | 73,366 | |
2 | Morgan Stanley | 2.720% | 7/22/25 | 46,496 | 49,294 | |
2 | Morgan Stanley | 4.000% | 7/23/25 | 61,911 | 69,576 | |
2 | Morgan Stanley | 0.864% | 10/21/25 | 22,414 | 22,422 | |
Morgan Stanley | 5.000% | 11/24/25 | 43,675 | 50,914 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
2 | Morgan Stanley | 3.875% | 1/27/26 | 61,950 | 69,769 | |
2 | Morgan Stanley | 2.188% | 4/28/26 | 59,890 | 62,359 | |
Morgan Stanley | 0.985% | 12/10/26 | 59,850 | 59,040 | ||
MUFG Americas Holdings Corp. | 3.500% | 6/18/22 | 12,279 | 12,787 | ||
MUFG Americas Holdings Corp. | 3.000% | 2/10/25 | 8,366 | 8,958 | ||
2 | MUFG Union Bank NA | 3.150% | 4/1/22 | 36,868 | 37,929 | |
2 | MUFG Union Bank NA | 2.100% | 12/9/22 | 16,056 | 16,530 | |
Nasdaq Inc. | 0.445% | 12/21/22 | 500 | 500 | ||
Nasdaq Inc. | 4.250% | 6/1/24 | 10,113 | 11,121 | ||
2 | National Australia Bank Ltd. | 2.500% | 5/22/22 | 16,935 | 17,394 | |
National Australia Bank Ltd. | 1.875% | 12/13/22 | 4,140 | 4,246 | ||
National Australia Bank Ltd. | 3.000% | 1/20/23 | 15,208 | 15,972 | ||
National Australia Bank Ltd. | 2.875% | 4/12/23 | 10,872 | 11,457 | ||
National Australia Bank Ltd. | 3.625% | 6/20/23 | 16,830 | 18,106 | ||
National Australia Bank Ltd. | 3.375% | 1/14/26 | 12,489 | 13,835 | ||
2 | National Bank of Canada | 2.100% | 2/1/23 | 24,973 | 25,717 | |
2 | National Bank of Canada | 0.900% | 8/15/23 | 10,315 | 10,392 | |
2 | National Bank of Canada | 0.550% | 11/15/24 | 11,200 | 11,187 | |
Natwest Group plc | 6.125% | 12/15/22 | 4,590 | 5,003 | ||
2 | Natwest Group plc | 3.498% | 5/15/23 | 40,172 | 41,589 | |
Natwest Group plc | 6.100% | 6/10/23 | 2,568 | 2,858 | ||
Natwest Group plc | 3.875% | 9/12/23 | 63,400 | 68,293 | ||
Natwest Group plc | 6.000% | 12/19/23 | 47,921 | 54,482 | ||
2 | Natwest Group plc | 2.359% | 5/22/24 | 21,573 | 22,298 | |
Natwest Group plc | 5.125% | 5/28/24 | 44,134 | 49,398 | ||
2 | Natwest Group plc | 4.519% | 6/25/24 | 25,842 | 28,093 | |
2 | Natwest Group plc | 4.269% | 3/22/25 | 34,952 | 38,309 | |
2 | Natwest Group plc | 3.754% | 11/1/29 | 25,702 | 27,083 | |
2 | New York Community Bancorp Inc. | 5.900% | 11/6/28 | 6,209 | 6,510 | |
Nomura Holdings Inc. | 2.648% | 1/16/25 | 30,111 | 31,619 | ||
Nomura Holdings Inc. | 1.851% | 7/16/25 | 31,359 | 32,041 | ||
Northern Trust Corp. | 2.375% | 8/2/22 | 11,720 | 12,063 | ||
Northern Trust Corp. | 3.950% | 10/30/25 | 13,337 | 14,967 | ||
Oaktree Specialty Lending Corp. | 3.500% | 2/25/25 | 7,883 | 8,173 | ||
Old Republic International Corp. | 4.875% | 10/1/24 | 5,723 | 6,476 | ||
ORIX Corp. | 2.900% | 7/18/22 | 15,019 | 15,519 | ||
ORIX Corp. | 4.050% | 1/16/24 | 600 | 656 | ||
ORIX Corp. | 3.250% | 12/4/24 | 17,045 | 18,496 | ||
Owl Rock Capital Corp. | 5.250% | 4/15/24 | 8,896 | 9,757 | ||
Owl Rock Capital Corp. | 4.000% | 3/30/25 | 11,035 | 11,634 | ||
Owl Rock Capital Corp. | 3.750% | 7/22/25 | 10,355 | 10,781 | ||
Owl Rock Capital Corp. | 4.250% | 1/15/26 | 7,529 | 8,035 | ||
PayPal Holdings Inc. | 2.200% | 9/26/22 | 34,115 | 35,059 | ||
PayPal Holdings Inc. | 1.350% | 6/1/23 | 17,940 | 18,306 | ||
PayPal Holdings Inc. | 2.400% | 10/1/24 | 24,629 | 26,082 | ||
PayPal Holdings Inc. | 1.650% | 6/1/25 | 11,240 | 11,527 | ||
People's United Bank NA | 4.000% | 7/15/24 | 9,187 | 9,904 | ||
People's United Financial Inc. | 3.650% | 12/6/22 | 8,020 | 8,395 | ||
2 | PNC Bank NA | 2.450% | 7/28/22 | 12,516 | 12,870 | |
2 | PNC Bank NA | 2.700% | 11/1/22 | 24,038 | 24,954 | |
2 | PNC Bank NA | 2.028% | 12/9/22 | 16,590 | 16,803 | |
2 | PNC Bank NA | 2.950% | 1/30/23 | 10,095 | 10,584 | |
2 | PNC Bank NA | 3.500% | 6/8/23 | 12,365 | 13,215 | |
PNC Bank NA | 3.800% | 7/25/23 | 24,371 | 26,324 | ||
2 | PNC Bank NA | 3.300% | 10/30/24 | 9,779 | 10,713 | |
2 | PNC Bank NA | 2.950% | 2/23/25 | 9,498 | 10,234 | |
2 | PNC Bank NA | 3.250% | 6/1/25 | 9,484 | 10,385 | |
2 | PNC Bank NA | 4.200% | 11/1/25 | 7,537 | 8,558 | |
PNC Financial Services Group Inc. | 3.300% | 3/8/22 | 24,858 | 25,573 | ||
PNC Financial Services Group Inc. | 2.854% | 11/9/22 | 13,937 | 14,535 | ||
PNC Financial Services Group Inc. | 3.500% | 1/23/24 | 25,450 | 27,622 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
PNC Financial Services Group Inc. | 3.900% | 4/29/24 | 17,855 | 19,631 | ||
PNC Financial Services Group Inc. | 2.200% | 11/1/24 | 9,729 | 10,297 | ||
Primerica Inc. | 4.750% | 7/15/22 | 6,529 | 6,913 | ||
Principal Financial Group Inc. | 3.300% | 9/15/22 | 9,361 | 9,773 | ||
Principal Financial Group Inc. | 3.125% | 5/15/23 | 6,074 | 6,426 | ||
Principal Financial Group Inc. | 3.400% | 5/15/25 | 5,206 | 5,658 | ||
Prospect Capital Corp. | 5.875% | 3/15/23 | 1,093 | 1,164 | ||
Prospect Capital Corp. | 3.706% | 1/22/26 | 7,250 | 7,234 | ||
2 | Prudential Financial Inc. | 3.500% | 5/15/24 | 15,206 | 16,630 | |
2 | Prudential Financial Inc. | 5.875% | 9/15/42 | 12,615 | 13,293 | |
2 | Prudential Financial Inc. | 5.625% | 6/15/43 | 25,631 | 27,297 | |
2 | Prudential Financial Inc. | 5.200% | 3/15/44 | 13,352 | 14,136 | |
2 | Prudential Financial Inc. | 5.375% | 5/15/45 | 18,000 | 19,912 | |
Regions Financial Corp. | 3.800% | 8/14/23 | 16,912 | 18,194 | ||
Regions Financial Corp. | 2.250% | 5/18/25 | 19,572 | 20,499 | ||
2 | Reinsurance Group of America Inc. | 4.700% | 9/15/23 | 4,908 | 5,427 | |
RenaissanceRe Finance Inc. | 3.700% | 4/1/25 | 6,985 | 7,609 | ||
2 | Royal Bank of Canada | 2.800% | 4/29/22 | 20,037 | 20,614 | |
2 | Royal Bank of Canada | 1.950% | 1/17/23 | 21,557 | 22,230 | |
2 | Royal Bank of Canada | 1.600% | 4/17/23 | 41,247 | 42,330 | |
2 | Royal Bank of Canada | 3.700% | 10/5/23 | 39,021 | 42,331 | |
2 | Royal Bank of Canada | 0.500% | 10/26/23 | 18,810 | 18,863 | |
2 | Royal Bank of Canada | 0.425% | 1/19/24 | 16,200 | 16,159 | |
2 | Royal Bank of Canada | 2.550% | 7/16/24 | 20,678 | 21,964 | |
2 | Royal Bank of Canada | 2.250% | 11/1/24 | 42,190 | 44,485 | |
2 | Royal Bank of Canada | 1.150% | 6/10/25 | 36,820 | 37,009 | |
2 | Royal Bank of Canada | 0.875% | 1/20/26 | 23,309 | 23,056 | |
2 | Royal Bank of Canada | 4.650% | 1/27/26 | 31,876 | 36,961 | |
Santander Holdings USA Inc. | 3.400% | 1/18/23 | 20,790 | 21,761 | ||
Santander Holdings USA Inc. | 3.500% | 6/7/24 | 21,469 | 23,186 | ||
Santander Holdings USA Inc. | 3.450% | 6/2/25 | 7,061 | 7,593 | ||
Santander Holdings USA Inc. | 4.500% | 7/17/25 | 19,262 | 21,443 | ||
Santander Holdings USA Inc. | 3.244% | 10/5/26 | 27,519 | 29,490 | ||
Santander UK Group Holdings plc | 3.571% | 1/10/23 | 11,884 | 12,197 | ||
2 | Santander UK Group Holdings plc | 3.373% | 1/5/24 | 14,680 | 15,416 | |
2 | Santander UK Group Holdings plc | 4.796% | 11/15/24 | 27,152 | 30,131 | |
2 | Santander UK Group Holdings plc | 1.532% | 8/21/26 | 15,875 | 15,969 | |
Santander UK plc | 2.100% | 1/13/23 | 20,937 | 21,607 | ||
Santander UK plc | 4.000% | 3/13/24 | 22,394 | 24,687 | ||
Santander UK plc | 2.875% | 6/18/24 | 25,909 | 27,736 | ||
Signature Bank | 4.000% | 10/15/30 | 6,400 | 6,605 | ||
Sixth Street Specialty Lending Inc. | 3.875% | 11/1/24 | 5,713 | 6,043 | ||
Skandinaviska Enskilda Banken AB | 2.800% | 3/11/22 | 7,876 | 8,078 | ||
Sompo International Holdings Ltd. | 4.700% | 10/15/22 | 4,320 | 4,602 | ||
2,3 | Standard Chartered plc | 2.819% | 1/30/26 | 2,000 | 2,097 | |
State Street Corp. | 2.825% | 3/30/23 | 8,201 | 8,427 | ||
2 | State Street Corp. | 2.653% | 5/15/23 | 18,862 | 19,376 | |
State Street Corp. | 3.100% | 5/15/23 | 17,606 | 18,681 | ||
State Street Corp. | 3.700% | 11/20/23 | 19,468 | 21,238 | ||
2 | State Street Corp. | 3.776% | 12/3/24 | 14,103 | 15,365 | |
State Street Corp. | 3.300% | 12/16/24 | 25,423 | 28,028 | ||
State Street Corp. | 3.550% | 8/18/25 | 21,248 | 23,656 | ||
2 | State Street Corp. | 2.354% | 11/1/25 | 18,729 | 19,861 | |
State Street Corp. | 2.901% | 3/30/26 | 16,071 | 17,334 | ||
Stifel Financial Corp. | 4.250% | 7/18/24 | 7,777 | 8,634 | ||
Sumitomo Mitsui Banking Corp. | 3.200% | 7/18/22 | 12,967 | 13,431 | ||
Sumitomo Mitsui Banking Corp. | 3.000% | 1/18/23 | 3,890 | 4,082 | ||
Sumitomo Mitsui Banking Corp. | 3.950% | 7/19/23 | 7,975 | 8,648 | ||
Sumitomo Mitsui Banking Corp. | 3.950% | 1/10/24 | 6,960 | 7,610 | ||
2 | Sumitomo Mitsui Banking Corp. | 3.400% | 7/11/24 | 7,573 | 8,252 | |
2 | Sumitomo Mitsui Banking Corp. | 3.650% | 7/23/25 | 3,752 | 4,162 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Sumitomo Mitsui Financial Group Inc. | 2.784% | 7/12/22 | 53,434 | 55,219 | ||
Sumitomo Mitsui Financial Group Inc. | 2.778% | 10/18/22 | 22,099 | 22,876 | ||
Sumitomo Mitsui Financial Group Inc. | 3.102% | 1/17/23 | 23,859 | 25,080 | ||
Sumitomo Mitsui Financial Group Inc. | 3.748% | 7/19/23 | 12,419 | 13,413 | ||
Sumitomo Mitsui Financial Group Inc. | 3.936% | 10/16/23 | 22,847 | 24,960 | ||
Sumitomo Mitsui Financial Group Inc. | 0.508% | 1/12/24 | 18,000 | 17,992 | ||
Sumitomo Mitsui Financial Group Inc. | 2.696% | 7/16/24 | 45,771 | 48,680 | ||
Sumitomo Mitsui Financial Group Inc. | 2.448% | 9/27/24 | 20,149 | 21,362 | ||
Sumitomo Mitsui Financial Group Inc. | 2.348% | 1/15/25 | 22,615 | 23,732 | ||
Sumitomo Mitsui Financial Group Inc. | 1.474% | 7/8/25 | 64,550 | 65,581 | ||
Sumitomo Mitsui Financial Group Inc. | 0.948% | 1/12/26 | 22,802 | 22,450 | ||
SVB Financial Group | 3.500% | 1/29/25 | 2,696 | 2,942 | ||
2 | Svenska Handelsbanken AB | 3.900% | 11/20/23 | 24,883 | 27,313 | |
2 | Synchrony Bank | 3.000% | 6/15/22 | 15,593 | 16,068 | |
Synchrony Financial | 2.850% | 7/25/22 | 12,551 | 12,913 | ||
Synchrony Financial | 4.375% | 3/19/24 | 24,769 | 27,168 | ||
Synchrony Financial | 4.250% | 8/15/24 | 17,326 | 18,972 | ||
Synchrony Financial | 4.500% | 7/23/25 | 16,619 | 18,532 | ||
Synovus Financial Corp. | 3.125% | 11/1/22 | 5,593 | 5,803 | ||
TD Ameritrade Holding Corp. | 2.950% | 4/1/22 | 13,975 | 14,311 | ||
TD Ameritrade Holding Corp. | 3.750% | 4/1/24 | 8,608 | 9,393 | ||
TD Ameritrade Holding Corp. | 3.625% | 4/1/25 | 10,472 | 11,532 | ||
2 | Toronto-Dominion Bank | 1.900% | 12/1/22 | 24,796 | 25,503 | |
2 | Toronto-Dominion Bank | 0.250% | 1/6/23 | 20,800 | 20,787 | |
2 | Toronto-Dominion Bank | 0.750% | 6/12/23 | 28,540 | 28,764 | |
2 | Toronto-Dominion Bank | 3.500% | 7/19/23 | 53,242 | 57,301 | |
2 | Toronto-Dominion Bank | 0.450% | 9/11/23 | 12,300 | 12,302 | |
2 | Toronto-Dominion Bank | 3.250% | 3/11/24 | 37,567 | 40,574 | |
2 | Toronto-Dominion Bank | 2.650% | 6/12/24 | 26,354 | 28,116 | |
2 | Toronto-Dominion Bank | 1.150% | 6/12/25 | 24,496 | 24,653 | |
2 | Toronto-Dominion Bank | 0.750% | 9/11/25 | 23,476 | 23,189 | |
2 | Toronto-Dominion Bank | 0.750% | 1/6/26 | 22,380 | 22,004 | |
2 | Truist Bank | 2.800% | 5/17/22 | 27,787 | 28,578 | |
2 | Truist Bank | 2.450% | 8/1/22 | 29,277 | 30,123 | |
2 | Truist Bank | 3.000% | 2/2/23 | 8,732 | 9,154 | |
2 | Truist Bank | 1.250% | 3/9/23 | 16,754 | 17,054 | |
2 | Truist Bank | 2.750% | 5/1/23 | 11,972 | 12,569 | |
2 | Truist Bank | 3.200% | 4/1/24 | 41,652 | 44,927 | |
2 | Truist Bank | 3.689% | 8/2/24 | 19,999 | 21,525 | |
2 | Truist Bank | 2.150% | 12/6/24 | 33,024 | 34,714 | |
2 | Truist Bank | 1.500% | 3/10/25 | 22,274 | 22,771 | |
2 | Truist Bank | 3.625% | 9/16/25 | 28,982 | 32,163 | |
2 | Truist Bank | 4.050% | 11/3/25 | 5,209 | 5,914 | |
2 | Truist Bank | 2.636% | 9/17/29 | 1,122 | 1,186 | |
2 | Truist Financial Corp. | 3.950% | 3/22/22 | 10,470 | 10,837 | |
2 | Truist Financial Corp. | 2.750% | 4/1/22 | 19,465 | 19,952 | |
2 | Truist Financial Corp. | 3.050% | 6/20/22 | 42,294 | 43,716 | |
2 | Truist Financial Corp. | 2.200% | 3/16/23 | 8,126 | 8,419 | |
2 | Truist Financial Corp. | 3.750% | 12/6/23 | 18,564 | 20,219 | |
2 | Truist Financial Corp. | 2.500% | 8/1/24 | 22,528 | 23,916 | |
2 | Truist Financial Corp. | 2.850% | 10/26/24 | 8,664 | 9,310 | |
Truist Financial Corp. | 4.000% | 5/1/25 | 23,623 | 26,426 | ||
2 | Truist Financial Corp. | 3.700% | 6/5/25 | 21,248 | 23,554 | |
2 | Truist Financial Corp. | 1.200% | 8/5/25 | 9,125 | 9,183 | |
Unum Group | 4.000% | 3/15/24 | 7,759 | 8,427 | ||
Unum Group | 4.500% | 3/15/25 | 10,274 | 11,525 | ||
2 | US Bancorp | 3.000% | 3/15/22 | 9,344 | 9,590 | |
2 | US Bancorp | 2.950% | 7/15/22 | 28,374 | 29,334 | |
2 | US Bancorp | 3.700% | 1/30/24 | 19,802 | 21,579 | |
US Bancorp | 3.375% | 2/5/24 | 43,437 | 47,060 | ||
US Bancorp | 2.400% | 7/30/24 | 29,115 | 30,860 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
2 | US Bancorp | 3.600% | 9/11/24 | 15,037 | 16,500 | |
US Bancorp | 1.450% | 5/12/25 | 15,906 | 16,225 | ||
2 | US Bancorp | 3.950% | 11/17/25 | 11,235 | 12,739 | |
2 | US Bank NA | 2.650% | 5/23/22 | 25,011 | 25,711 | |
US Bank NA | 1.950% | 1/9/23 | 16,224 | 16,709 | ||
2 | US Bank NA | 2.850% | 1/23/23 | 11,063 | 11,579 | |
2 | US Bank NA | 3.400% | 7/24/23 | 21,128 | 22,634 | |
2 | US Bank NA | 2.050% | 1/21/25 | 17,658 | 18,458 | |
2 | US Bank NA | 2.800% | 1/27/25 | 37,570 | 40,266 | |
Visa Inc. | 2.150% | 9/15/22 | 13,334 | 13,702 | ||
Visa Inc. | 2.800% | 12/14/22 | 56,849 | 59,213 | ||
Visa Inc. | 3.150% | 12/14/25 | 75,336 | 82,698 | ||
Voya Financial Inc. | 3.125% | 7/15/24 | 6,793 | 7,302 | ||
2 | Voya Financial Inc. | 5.650% | 5/15/53 | 8,398 | 8,755 | |
W R Berkley Corp. | 4.625% | 3/15/22 | 5,341 | 5,568 | ||
2 | Wells Fargo & Co. | 3.500% | 3/8/22 | 46,108 | 47,609 | |
2 | Wells Fargo & Co. | 2.625% | 7/22/22 | 81,156 | 83,734 | |
Wells Fargo & Co. | 3.069% | 1/24/23 | 75,698 | 77,535 | ||
2 | Wells Fargo & Co. | 3.450% | 2/13/23 | 53,062 | 56,216 | |
Wells Fargo & Co. | 4.125% | 8/15/23 | 24,583 | 26,731 | ||
Wells Fargo & Co. | 4.480% | 1/16/24 | 15,265 | 16,887 | ||
2 | Wells Fargo & Co. | 3.750% | 1/24/24 | 55,239 | 60,003 | |
2 | Wells Fargo & Co. | 1.654% | 6/2/24 | 50,392 | 51,519 | |
2 | Wells Fargo & Co. | 3.300% | 9/9/24 | 40,524 | 44,129 | |
2 | Wells Fargo & Co. | 3.000% | 2/19/25 | 62,866 | 67,331 | |
2 | Wells Fargo & Co. | 3.550% | 9/29/25 | 58,001 | 64,013 | |
2 | Wells Fargo & Co. | 2.406% | 10/30/25 | 71,115 | 75,066 | |
2 | Wells Fargo & Co. | 2.164% | 2/11/26 | 59,603 | 61,756 | |
2 | Wells Fargo & Co. | 2.188% | 4/30/26 | 79,165 | 82,314 | |
2 | Wells Fargo Bank NA | 3.550% | 8/14/23 | 73,027 | 78,677 | |
Western Union Co. | 3.600% | 3/15/22 | 10,437 | 10,749 | ||
Western Union Co. | 2.850% | 1/10/25 | 17,264 | 18,283 | ||
1 | Western Union Co. | 1.350% | 3/15/26 | 5,000 | 4,946 | |
Westpac Banking Corp. | 2.500% | 6/28/22 | 31,170 | 32,090 | ||
Westpac Banking Corp. | 2.750% | 1/11/23 | 28,199 | 29,492 | ||
Westpac Banking Corp. | 2.000% | 1/13/23 | 11,817 | 12,171 | ||
Westpac Banking Corp. | 3.650% | 5/15/23 | 13,731 | 14,740 | ||
Westpac Banking Corp. | 3.300% | 2/26/24 | 26,619 | 28,784 | ||
Westpac Banking Corp. | 2.350% | 2/19/25 | 26,066 | 27,458 | ||
Westpac Banking Corp. | 2.850% | 5/13/26 | 7,825 | 8,490 | ||
2 | Westpac Banking Corp. | 2.894% | 2/4/30 | 31,149 | 32,462 | |
Willis North America Inc. | 3.600% | 5/15/24 | 20,258 | 21,977 | ||
XLIT Ltd. | 4.450% | 3/31/25 | 12,714 | 14,328 | ||
17,626,426 | ||||||
Health Care (9.24%) | ||||||
Abbott Laboratories | 2.550% | 3/15/22 | 13,453 | 13,755 | ||
Abbott Laboratories | 3.400% | 11/30/23 | 27,940 | 30,090 | ||
Abbott Laboratories | 2.950% | 3/15/25 | 13,619 | 14,629 | ||
Abbott Laboratories | 3.875% | 9/15/25 | 7,802 | 8,733 | ||
AbbVie Inc. | 3.450% | 3/15/22 | 47,547 | 48,832 | ||
AbbVie Inc. | 3.250% | 10/1/22 | 51,726 | 53,675 | ||
AbbVie Inc. | 2.900% | 11/6/22 | 73,619 | 76,578 | ||
AbbVie Inc. | 3.200% | 11/6/22 | 39,993 | 41,654 | ||
AbbVie Inc. | 2.300% | 11/21/22 | 52,051 | 53,721 | ||
AbbVie Inc. | 2.800% | 3/15/23 | 9,612 | 10,006 | ||
AbbVie Inc. | 2.850% | 5/14/23 | 17,155 | 17,961 | ||
AbbVie Inc. | 3.750% | 11/14/23 | 15,477 | 16,746 | ||
AbbVie Inc. | 3.850% | 6/15/24 | 13,810 | 14,931 | ||
AbbVie Inc. | 2.600% | 11/21/24 | 68,263 | 72,503 | ||
AbbVie Inc. | 3.800% | 3/15/25 | 69,077 | 75,683 | ||
AbbVie Inc. | 3.600% | 5/14/25 | 68,924 | 75,519 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Aetna Inc. | 2.750% | 11/15/22 | 20,995 | 21,707 | ||
Aetna Inc. | 2.800% | 6/15/23 | 19,306 | 20,233 | ||
Aetna Inc. | 3.500% | 11/15/24 | 22,046 | 24,091 | ||
Agilent Technologies Inc. | 3.200% | 10/1/22 | 5,906 | 6,125 | ||
Agilent Technologies Inc. | 3.875% | 7/15/23 | 11,698 | 12,534 | ||
AmerisourceBergen Corp. | 3.400% | 5/15/24 | 10,277 | 11,084 | ||
AmerisourceBergen Corp. | 3.250% | 3/1/25 | 10,863 | 11,708 | ||
Amgen Inc. | 2.700% | 5/1/22 | 11,978 | 12,258 | ||
Amgen Inc. | 2.650% | 5/11/22 | 42,502 | 43,566 | ||
Amgen Inc. | 3.625% | 5/15/22 | 10,602 | 10,934 | ||
Amgen Inc. | 2.250% | 8/19/23 | 12,788 | 13,307 | ||
Amgen Inc. | 3.625% | 5/22/24 | 26,220 | 28,510 | ||
Amgen Inc. | 1.900% | 2/21/25 | 13,698 | 14,148 | ||
Amgen Inc. | 3.125% | 5/1/25 | 13,861 | 14,956 | ||
Anthem Inc. | 3.125% | 5/15/22 | 11,651 | 12,030 | ||
Anthem Inc. | 2.950% | 12/1/22 | 15,136 | 15,763 | ||
Anthem Inc. | 3.300% | 1/15/23 | 23,390 | 24,625 | ||
Anthem Inc. | 3.500% | 8/15/24 | 27,671 | 30,121 | ||
Anthem Inc. | 3.350% | 12/1/24 | 21,322 | 23,247 | ||
Anthem Inc. | 2.375% | 1/15/25 | 28,928 | 30,309 | ||
AstraZeneca plc | 2.375% | 6/12/22 | 21,863 | 22,391 | ||
AstraZeneca plc | 3.500% | 8/17/23 | 21,764 | 23,315 | ||
AstraZeneca plc | 3.375% | 11/16/25 | 38,659 | 42,556 | ||
Baxalta Inc. | 4.000% | 6/23/25 | 14,627 | 16,240 | ||
Becton Dickinson & Co. | 2.894% | 6/6/22 | 35,028 | 36,034 | ||
Becton Dickinson & Co. | 3.363% | 6/6/24 | 34,085 | 36,721 | ||
Becton Dickinson & Co. | 3.734% | 12/15/24 | 29,797 | 32,742 | ||
Biogen Inc. | 3.625% | 9/15/22 | 21,771 | 22,809 | ||
Biogen Inc. | 4.050% | 9/15/25 | 33,243 | 37,374 | ||
Boston Scientific Corp. | 3.375% | 5/15/22 | 4,621 | 4,788 | ||
Boston Scientific Corp. | 3.450% | 3/1/24 | 24,555 | 26,417 | ||
Boston Scientific Corp. | 3.850% | 5/15/25 | 8,893 | 9,832 | ||
Boston Scientific Corp. | 1.900% | 6/1/25 | 22,306 | 22,985 | ||
Bristol-Myers Squibb Co. | 2.600% | 5/16/22 | 19,963 | 20,483 | ||
Bristol-Myers Squibb Co. | 2.000% | 8/1/22 | 16,975 | 17,358 | ||
Bristol-Myers Squibb Co. | 3.250% | 8/15/22 | 39,235 | 40,769 | ||
Bristol-Myers Squibb Co. | 3.550% | 8/15/22 | 23,288 | 24,362 | ||
Bristol-Myers Squibb Co. | 2.750% | 2/15/23 | 21,711 | 22,666 | ||
Bristol-Myers Squibb Co. | 3.250% | 2/20/23 | 17,776 | 18,789 | ||
Bristol-Myers Squibb Co. | 3.250% | 11/1/23 | 10,564 | 11,365 | ||
Bristol-Myers Squibb Co. | 0.537% | 11/13/23 | 15,000 | 15,011 | ||
Bristol-Myers Squibb Co. | 2.900% | 7/26/24 | 57,803 | 62,086 | ||
Bristol-Myers Squibb Co. | 3.875% | 8/15/25 | 63,996 | 71,643 | ||
Bristol-Myers Squibb Co. | 0.750% | 11/13/25 | 21,125 | 20,938 | ||
Cardinal Health Inc. | 2.616% | 6/15/22 | 12,082 | 12,385 | ||
Cardinal Health Inc. | 3.200% | 3/15/23 | 12,536 | 13,184 | ||
Cardinal Health Inc. | 3.079% | 6/15/24 | 22,651 | 24,173 | ||
Cardinal Health Inc. | 3.500% | 11/15/24 | 7,298 | 7,928 | ||
Cardinal Health Inc. | 3.750% | 9/15/25 | 8,185 | 9,041 | ||
2 | Cigna Corp. | 3.050% | 11/30/22 | 12,276 | 12,761 | |
2 | Cigna Corp. | 3.000% | 7/15/23 | 21,330 | 22,433 | |
Cigna Corp. | 3.750% | 7/15/23 | 38,711 | 41,639 | ||
2 | Cigna Corp. | 3.500% | 6/15/24 | 13,848 | 14,876 | |
2 | Cigna Corp. | 3.250% | 4/15/25 | 13,226 | 14,286 | |
Cigna Corp. | 4.125% | 11/15/25 | 57,962 | 65,428 | ||
2 | Cigna Corp. | 4.500% | 2/25/26 | 18,881 | 21,632 | |
CommonSpirit Health | 2.950% | 11/1/22 | 14,152 | 14,721 | ||
CommonSpirit Health | 2.760% | 10/1/24 | 11,620 | 12,347 | ||
CommonSpirit Health | 1.547% | 10/1/25 | 15,125 | 15,287 | ||
CVS Health Corp. | 3.500% | 7/20/22 | 39,357 | 40,839 | ||
CVS Health Corp. | 2.750% | 12/1/22 | 19,342 | 20,024 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
CVS Health Corp. | 4.750% | 12/1/22 | 12,816 | 13,620 | ||
CVS Health Corp. | 3.700% | 3/9/23 | 79,569 | 84,582 | ||
CVS Health Corp. | 3.375% | 8/12/24 | 13,074 | 14,151 | ||
CVS Health Corp. | 2.625% | 8/15/24 | 21,125 | 22,443 | ||
CVS Health Corp. | 3.875% | 7/20/25 | 46,933 | 51,996 | ||
Danaher Corp. | 3.350% | 9/15/25 | 8,526 | 9,374 | ||
DH Europe Finance II Sarl | 2.050% | 11/15/22 | 14,502 | 14,914 | ||
DH Europe Finance II Sarl | 2.200% | 11/15/24 | 10,698 | 11,274 | ||
Dignity Health | 3.125% | 11/1/22 | 4,439 | 4,595 | ||
Eli Lilly & Co. | 2.350% | 5/15/22 | 11,030 | 11,292 | ||
Eli Lilly & Co. | 2.750% | 6/1/25 | 8,430 | 9,012 | ||
Gilead Sciences Inc. | 1.950% | 3/1/22 | 3,171 | 3,214 | ||
Gilead Sciences Inc. | 3.250% | 9/1/22 | 35,081 | 36,399 | ||
Gilead Sciences Inc. | 2.500% | 9/1/23 | 23,692 | 24,805 | ||
Gilead Sciences Inc. | 0.750% | 9/29/23 | 18,150 | 18,185 | ||
Gilead Sciences Inc. | 3.700% | 4/1/24 | 42,536 | 46,080 | ||
Gilead Sciences Inc. | 3.500% | 2/1/25 | 28,759 | 31,279 | ||
GlaxoSmithKline Capital Inc. | 2.800% | 3/18/23 | 30,588 | 32,092 | ||
GlaxoSmithKline Capital Inc. | 3.375% | 5/15/23 | 18,979 | 20,222 | ||
GlaxoSmithKline Capital Inc. | 3.625% | 5/15/25 | 18,156 | 20,094 | ||
GlaxoSmithKline Capital plc | 2.850% | 5/8/22 | 35,992 | 37,071 | ||
GlaxoSmithKline Capital plc | 2.875% | 6/1/22 | 43,991 | 45,315 | ||
GlaxoSmithKline Capital plc | 0.534% | 10/1/23 | 19,133 | 19,196 | ||
GlaxoSmithKline Capital plc | 3.000% | 6/1/24 | 23,039 | 24,763 | ||
HCA Inc. | 4.750% | 5/1/23 | 26,650 | 28,882 | ||
HCA Inc. | 5.000% | 3/15/24 | 29,127 | 32,586 | ||
HCA Inc. | 5.250% | 4/15/25 | 40,262 | 46,301 | ||
Humana Inc. | 3.150% | 12/1/22 | 12,520 | 13,008 | ||
Humana Inc. | 2.900% | 12/15/22 | 7,714 | 8,025 | ||
Humana Inc. | 3.850% | 10/1/24 | 12,063 | 13,239 | ||
Humana Inc. | 4.500% | 4/1/25 | 13,211 | 14,916 | ||
Johnson & Johnson | 2.250% | 3/3/22 | 16,425 | 16,732 | ||
Johnson & Johnson | 2.050% | 3/1/23 | 7,902 | 8,152 | ||
Johnson & Johnson | 6.730% | 11/15/23 | 50 | 58 | ||
Johnson & Johnson | 3.375% | 12/5/23 | 13,567 | 14,696 | ||
Johnson & Johnson | 2.625% | 1/15/25 | 17,391 | 18,502 | ||
Johnson & Johnson | 0.550% | 9/1/25 | 20,790 | 20,490 | ||
Kaiser Foundation Hospitals | 3.500% | 4/1/22 | 9,780 | 10,110 | ||
Laboratory Corp. of America Holdings | 3.750% | 8/23/22 | 13,709 | 14,259 | ||
Laboratory Corp. of America Holdings | 4.000% | 11/1/23 | 3,223 | 3,487 | ||
Laboratory Corp. of America Holdings | 3.250% | 9/1/24 | 15,604 | 16,869 | ||
Laboratory Corp. of America Holdings | 2.300% | 12/1/24 | 17,018 | 17,961 | ||
Laboratory Corp. of America Holdings | 3.600% | 2/1/25 | 17,373 | 18,920 | ||
McKesson Corp. | 2.700% | 12/15/22 | 5,443 | 5,628 | ||
McKesson Corp. | 2.850% | 3/15/23 | 10,540 | 10,980 | ||
McKesson Corp. | 3.796% | 3/15/24 | 17,953 | 19,496 | ||
McKesson Corp. | 0.900% | 12/3/25 | 7,425 | 7,290 | ||
Medtronic Inc. | 3.500% | 3/15/25 | 32,617 | 35,810 | ||
Merck & Co. Inc. | 2.400% | 9/15/22 | 23,615 | 24,240 | ||
Merck & Co. Inc. | 2.800% | 5/18/23 | 37,161 | 39,175 | ||
Merck & Co. Inc. | 2.900% | 3/7/24 | 15,508 | 16,589 | ||
Merck & Co. Inc. | 2.750% | 2/10/25 | 35,670 | 38,081 | ||
Merck & Co. Inc. | 0.750% | 2/24/26 | 29,211 | 28,841 | ||
Mylan Inc. | 4.200% | 11/29/23 | 14,330 | 15,575 | ||
Novartis Capital Corp. | 2.400% | 5/17/22 | 31,988 | 32,801 | ||
Novartis Capital Corp. | 2.400% | 9/21/22 | 30,479 | 31,438 | ||
Novartis Capital Corp. | 3.400% | 5/6/24 | 24,445 | 26,644 | ||
Novartis Capital Corp. | 1.750% | 2/14/25 | 27,569 | 28,478 | ||
Novartis Capital Corp. | 3.000% | 11/20/25 | 34,810 | 37,901 | ||
2 | PeaceHealth Obligated Group | 1.375% | 11/15/25 | 6,595 | 6,655 | |
Perrigo Finance Unlimited Co. | 3.900% | 12/15/24 | 14,455 | 15,841 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Pfizer Inc. | 2.800% | 3/11/22 | 13,357 | 13,708 | ||
Pfizer Inc. | 3.000% | 6/15/23 | 11,988 | 12,714 | ||
Pfizer Inc. | 3.200% | 9/15/23 | 14,362 | 15,358 | ||
Pfizer Inc. | 2.950% | 3/15/24 | 24,241 | 25,960 | ||
Pfizer Inc. | 3.400% | 5/15/24 | 24,476 | 26,642 | ||
Pfizer Inc. | 0.800% | 5/28/25 | 12,829 | 12,770 | ||
Quest Diagnostics Inc. | 4.250% | 4/1/24 | 7,317 | 8,018 | ||
Quest Diagnostics Inc. | 3.500% | 3/30/25 | 12,820 | 13,944 | ||
2,3 | Royalty Pharma plc | 0.750% | 9/2/23 | 25,750 | 25,831 | |
2,3 | Royalty Pharma plc | 1.200% | 9/2/25 | 26,568 | 26,386 | |
Sanofi | 3.375% | 6/19/23 | 13,057 | 13,928 | ||
Shire Acquisitions Investments Ireland DAC | 2.875% | 9/23/23 | 61,877 | 65,365 | ||
2 | SSM Health Care Corp. | 3.688% | 6/1/23 | 10,452 | 11,124 | |
Stryker Corp. | 0.600% | 12/1/23 | 4,300 | 4,305 | ||
Stryker Corp. | 3.375% | 5/15/24 | 11,200 | 12,078 | ||
Stryker Corp. | 1.150% | 6/15/25 | 12,830 | 12,834 | ||
Stryker Corp. | 3.375% | 11/1/25 | 16,523 | 18,066 | ||
2 | Sutter Health | 1.321% | 8/15/25 | 5,560 | 5,582 | |
Takeda Pharmaceutical Co. Ltd. | 4.400% | 11/26/23 | 41,302 | 45,485 | ||
Thermo Fisher Scientific Inc. | 4.133% | 3/25/25 | 30,516 | 34,119 | ||
Thermo Fisher Scientific Inc. | 3.650% | 12/15/25 | 6,176 | 6,838 | ||
UnitedHealth Group Inc. | 2.875% | 3/15/22 | 10,130 | 10,332 | ||
UnitedHealth Group Inc. | 3.350% | 7/15/22 | 21,669 | 22,566 | ||
UnitedHealth Group Inc. | 2.375% | 10/15/22 | 26,004 | 26,854 | ||
UnitedHealth Group Inc. | 2.750% | 2/15/23 | 14,862 | 15,463 | ||
UnitedHealth Group Inc. | 2.875% | 3/15/23 | 19,193 | 20,159 | ||
UnitedHealth Group Inc. | 3.500% | 6/15/23 | 15,342 | 16,423 | ||
UnitedHealth Group Inc. | 3.500% | 2/15/24 | 17,620 | 19,112 | ||
UnitedHealth Group Inc. | 2.375% | 8/15/24 | 12,100 | 12,811 | ||
UnitedHealth Group Inc. | 3.750% | 7/15/25 | 41,620 | 46,427 | ||
UnitedHealth Group Inc. | 3.700% | 12/15/25 | 7,794 | 8,725 | ||
UnitedHealth Group Inc. | 1.250% | 1/15/26 | 4,140 | 4,166 | ||
2 | UPMC | 3.600% | 4/3/25 | 6,800 | 7,478 | |
2,3 | Viatris Inc. | 1.125% | 6/22/22 | 23,277 | 23,452 | |
2,3 | Viatris Inc. | 1.650% | 6/22/25 | 17,471 | 17,745 | |
Wyeth LLC | 6.450% | 2/1/24 | 11,275 | 13,175 | ||
Zimmer Biomet Holdings Inc. | 3.150% | 4/1/22 | 15,931 | 16,309 | ||
Zimmer Biomet Holdings Inc. | 3.700% | 3/19/23 | 8,821 | 9,365 | ||
Zimmer Biomet Holdings Inc. | 3.550% | 4/1/25 | 27,097 | 29,501 | ||
Zimmer Biomet Holdings Inc. | 3.050% | 1/15/26 | 14,558 | 15,630 | ||
Zoetis Inc. | 3.250% | 2/1/23 | 25,978 | 27,158 | ||
Zoetis Inc. | 4.500% | 11/13/25 | 15,101 | 17,266 | ||
4,164,726 | ||||||
Industrials (7.31%) | ||||||
2 | 3M Co. | 2.750% | 3/1/22 | 5,070 | 5,190 | |
2 | 3M Co. | 2.000% | 6/26/22 | 9,082 | 9,295 | |
3M Co. | 1.750% | 2/14/23 | 8,987 | 9,242 | ||
2 | 3M Co. | 2.250% | 3/15/23 | 13,549 | 14,086 | |
2 | 3M Co. | 3.250% | 2/14/24 | 18,467 | 19,941 | |
3M Co. | 2.000% | 2/14/25 | 14,679 | 15,353 | ||
3M Co. | 2.650% | 4/15/25 | 10,322 | 11,019 | ||
2 | 3M Co. | 3.000% | 8/7/25 | 11,689 | 12,738 | |
4 | ABB Finance USA Inc. | 2.875% | 5/8/22 | 13,591 | 13,982 | |
Allegion US Holding Co. Inc. | 3.200% | 10/1/24 | 8,243 | 8,769 | ||
Amphenol Corp. | 3.200% | 4/1/24 | 7,465 | 7,996 | ||
Amphenol Corp. | 2.050% | 3/1/25 | 6,762 | 7,011 | ||
2 | BNSF Funding Trust I | 6.613% | 12/15/55 | 1,961 | 2,251 | |
Boeing Co. | 2.125% | 3/1/22 | 4,934 | 4,999 | ||
Boeing Co. | 2.700% | 5/1/22 | 11,572 | 11,843 | ||
Boeing Co. | 1.167% | 2/4/23 | 5,000 | 5,011 | ||
Boeing Co. | 2.800% | 3/1/23 | 14,940 | 15,493 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Boeing Co. | 4.508% | 5/1/23 | 67,466 | 72,343 | ||
Boeing Co. | 1.875% | 6/15/23 | 17,602 | 17,945 | ||
Boeing Co. | 1.950% | 2/1/24 | 22,573 | 23,133 | ||
Boeing Co. | 1.433% | 2/4/24 | 32,800 | 32,852 | ||
Boeing Co. | 2.800% | 3/1/24 | 10,302 | 10,776 | ||
Boeing Co. | 2.850% | 10/30/24 | 6,609 | 6,949 | ||
Boeing Co. | 4.875% | 5/1/25 | 75,769 | 84,690 | ||
Boeing Co. | 2.600% | 10/30/25 | 9,602 | 9,924 | ||
Boeing Co. | 2.750% | 2/1/26 | 28,000 | 29,003 | ||
Boeing Co. | 2.196% | 2/4/26 | 95,700 | 96,009 | ||
Burlington Northern Santa Fe LLC | 3.050% | 3/15/22 | 10,860 | 11,098 | ||
Burlington Northern Santa Fe LLC | 3.050% | 9/1/22 | 16,571 | 17,152 | ||
Burlington Northern Santa Fe LLC | 3.000% | 3/15/23 | 10,817 | 11,340 | ||
Burlington Northern Santa Fe LLC | 3.850% | 9/1/23 | 21,879 | 23,574 | ||
Burlington Northern Santa Fe LLC | 3.750% | 4/1/24 | 12,073 | 13,160 | ||
Burlington Northern Santa Fe LLC | 3.400% | 9/1/24 | 14,956 | 16,296 | ||
Burlington Northern Santa Fe LLC | 3.000% | 4/1/25 | 7,733 | 8,344 | ||
Burlington Northern Santa Fe LLC | 3.650% | 9/1/25 | 7,048 | 7,836 | ||
Burlington Northern Santa Fe LLC | 7.000% | 12/15/25 | 4,513 | 5,748 | ||
Canadian National Railway Co. | 2.950% | 11/21/24 | 4,644 | 5,005 | ||
Canadian Pacific Railway Co. | 9.450% | 8/1/21 | 834 | 864 | ||
Canadian Pacific Railway Co. | 4.450% | 3/15/23 | 4,262 | 4,562 | ||
Canadian Pacific Railway Co. | 2.900% | 2/1/25 | 14,004 | 14,949 | ||
Carrier Global Corp. | 2.242% | 2/15/25 | 39,303 | 41,037 | ||
2 | Caterpillar Financial Services Corp. | 0.950% | 5/13/22 | 40,644 | 40,950 | |
2 | Caterpillar Financial Services Corp. | 2.850% | 6/1/22 | 10,648 | 10,981 | |
2 | Caterpillar Financial Services Corp. | 2.400% | 6/6/22 | 17,260 | 17,713 | |
2 | Caterpillar Financial Services Corp. | 1.900% | 9/6/22 | 11,836 | 12,119 | |
2 | Caterpillar Financial Services Corp. | 1.950% | 11/18/22 | 17,000 | 17,472 | |
2 | Caterpillar Financial Services Corp. | 2.550% | 11/29/22 | 14,951 | 15,515 | |
1 | Caterpillar Financial Services Corp. | 0.250% | 3/1/23 | 15,000 | 14,982 | |
2 | Caterpillar Financial Services Corp. | 2.625% | 3/1/23 | 8,920 | 9,314 | |
2 | Caterpillar Financial Services Corp. | 3.450% | 5/15/23 | 14,199 | 15,146 | |
Caterpillar Financial Services Corp. | 0.650% | 7/7/23 | 11,208 | 11,273 | ||
2 | Caterpillar Financial Services Corp. | 0.450% | 9/14/23 | 21,100 | 21,132 | |
2 | Caterpillar Financial Services Corp. | 3.750% | 11/24/23 | 6,753 | 7,367 | |
2 | Caterpillar Financial Services Corp. | 3.650% | 12/7/23 | 9,302 | 10,137 | |
2 | Caterpillar Financial Services Corp. | 2.850% | 5/17/24 | 10,096 | 10,801 | |
2 | Caterpillar Financial Services Corp. | 3.300% | 6/9/24 | 11,527 | 12,521 | |
2 | Caterpillar Financial Services Corp. | 2.150% | 11/8/24 | 12,657 | 13,342 | |
2 | Caterpillar Financial Services Corp. | 3.250% | 12/1/24 | 10,578 | 11,588 | |
2 | Caterpillar Financial Services Corp. | 1.450% | 5/15/25 | 17,046 | 17,352 | |
2 | Caterpillar Financial Services Corp. | 0.800% | 11/13/25 | 13,086 | 12,938 | |
1 | Caterpillar Financial Services Corp. | 0.900% | 3/2/26 | 10,000 | 9,893 | |
Caterpillar Inc. | 2.600% | 6/26/22 | 15,545 | 15,932 | ||
Caterpillar Inc. | 3.400% | 5/15/24 | 13,226 | 14,330 | ||
CNH Industrial Capital LLC | 4.375% | 4/5/22 | 10,552 | 10,960 | ||
CNH Industrial Capital LLC | 1.950% | 7/2/23 | 8,935 | 9,216 | ||
CNH Industrial Capital LLC | 4.200% | 1/15/24 | 10,006 | 10,954 | ||
CNH Industrial Capital LLC | 1.875% | 1/15/26 | 10,040 | 10,302 | ||
CNH Industrial NV | 4.500% | 8/15/23 | 17,003 | 18,521 | ||
2 | Continental Airlines Pass-Through Trust Class A Series 2007-1 | 5.983% | 4/19/22 | 3,696 | 3,774 | |
2 | Continental Airlines Pass-Through Trust Class A Series 2012-1 | 4.150% | 4/11/24 | 6,507 | 6,670 | |
2 | Continental Airlines Pass-Through Trust Class A Series 2012-2 | 4.000% | 10/29/24 | 5,307 | 5,451 | |
Crane Co. | 4.450% | 12/15/23 | 4,590 | 5,005 | ||
CSX Corp. | 3.400% | 8/1/24 | 13,027 | 14,149 | ||
CSX Corp. | 3.350% | 11/1/25 | 7,891 | 8,699 | ||
Cummins Inc. | 3.650% | 10/1/23 | 7,953 | 8,554 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Cummins Inc. | 0.750% | 9/1/25 | 12,806 | 12,737 | ||
Deere & Co. | 2.600% | 6/8/22 | 17,449 | 17,872 | ||
Deere & Co. | 2.750% | 4/15/25 | 22,460 | 24,122 | ||
2,3 | Delta Air Lines Inc. | 7.000% | 5/1/25 | 10,000 | 11,625 | |
2 | Delta Air Lines Pass-Through Trust Class A Series 2007-1 | 6.821% | 8/10/22 | 3,269 | 3,394 | |
2 | Delta Air Lines Pass-Through Trust Class AA Series 2019-1 | 3.204% | 4/25/24 | 4,716 | 4,894 | |
Dover Corp. | 3.150% | 11/15/25 | 7,847 | 8,541 | ||
Eaton Corp. | 2.750% | 11/2/22 | 31,304 | 32,558 | ||
Emerson Electric Co. | 2.625% | 2/15/23 | 6,880 | 7,154 | ||
Emerson Electric Co. | 3.150% | 6/1/25 | 7,395 | 8,050 | ||
FedEx Corp. | 2.625% | 8/1/22 | 12,661 | 13,066 | ||
FedEx Corp. | 4.000% | 1/15/24 | 6,612 | 7,255 | ||
FedEx Corp. | 3.200% | 2/1/25 | 11,715 | 12,666 | ||
FedEx Corp. | 3.800% | 5/15/25 | 32,357 | 35,811 | ||
Flowserve Corp. | 3.500% | 9/15/22 | 9,847 | 10,192 | ||
Flowserve Corp. | 4.000% | 11/15/23 | 6,560 | 6,910 | ||
General Dynamics Corp. | 2.250% | 11/15/22 | 12,818 | 13,185 | ||
General Dynamics Corp. | 3.375% | 5/15/23 | 24,502 | 26,092 | ||
General Dynamics Corp. | 1.875% | 8/15/23 | 8,340 | 8,642 | ||
General Dynamics Corp. | 2.375% | 11/15/24 | 8,201 | 8,704 | ||
General Dynamics Corp. | 3.250% | 4/1/25 | 16,845 | 18,325 | ||
General Dynamics Corp. | 3.500% | 5/15/25 | 9,369 | 10,299 | ||
2 | General Electric Co. | 3.150% | 9/7/22 | 11,061 | 11,510 | |
General Electric Co. | 2.700% | 10/9/22 | 3,096 | 3,210 | ||
2 | General Electric Co. | 3.100% | 1/9/23 | 29,278 | 30,711 | |
General Electric Co. | 3.375% | 3/11/24 | 6,422 | 6,939 | ||
2 | General Electric Co. | 3.450% | 5/15/24 | 24,974 | 26,954 | |
2 | General Electric Co. | 5.550% | 1/5/26 | 5,769 | 6,856 | |
Hexcel Corp. | 4.950% | 8/15/25 | 1,600 | 1,734 | ||
Honeywell International Inc. | 2.150% | 8/8/22 | 25,678 | 26,373 | ||
Honeywell International Inc. | 0.483% | 8/19/22 | 12,580 | 12,592 | ||
Honeywell International Inc. | 3.350% | 12/1/23 | 6,105 | 6,601 | ||
Honeywell International Inc. | 2.300% | 8/15/24 | 21,401 | 22,704 | ||
Honeywell International Inc. | 1.350% | 6/1/25 | 22,084 | 22,530 | ||
Hubbell Inc. | 3.625% | 11/15/22 | 5,650 | 5,947 | ||
Huntington Ingalls Industries Inc. | 3.844% | 5/1/25 | 13,640 | 15,030 | ||
IDEX Corp. | 4.200% | 12/15/21 | 3,675 | 3,752 | ||
Illinois Tool Works Inc. | 3.500% | 3/1/24 | 20,120 | 21,833 | ||
JB Hunt Transport Services Inc. | 3.300% | 8/15/22 | 7,093 | 7,352 | ||
2 | John Deere Capital Corp. | 2.750% | 3/15/22 | 9,626 | 9,866 | |
2 | John Deere Capital Corp. | 2.950% | 4/1/22 | 6,613 | 6,803 | |
2 | John Deere Capital Corp. | 1.950% | 6/13/22 | 11,937 | 12,191 | |
2 | John Deere Capital Corp. | 2.150% | 9/8/22 | 7,490 | 7,697 | |
2 | John Deere Capital Corp. | 2.700% | 1/6/23 | 12,939 | 13,510 | |
John Deere Capital Corp. | 2.800% | 1/27/23 | 11,777 | 12,326 | ||
2 | John Deere Capital Corp. | 2.800% | 3/6/23 | 18,917 | 19,870 | |
2 | John Deere Capital Corp. | 1.200% | 4/6/23 | 5,735 | 5,831 | |
2 | John Deere Capital Corp. | 3.450% | 6/7/23 | 7,986 | 8,539 | |
2 | John Deere Capital Corp. | 0.700% | 7/5/23 | 16,339 | 16,469 | |
2 | John Deere Capital Corp. | 0.400% | 10/10/23 | 8,572 | 8,590 | |
John Deere Capital Corp. | 3.650% | 10/12/23 | 11,013 | 11,957 | ||
2 | John Deere Capital Corp. | 3.450% | 1/10/24 | 8,561 | 9,254 | |
2 | John Deere Capital Corp. | 2.600% | 3/7/24 | 10,230 | 10,867 | |
2 | John Deere Capital Corp. | 3.350% | 6/12/24 | 14,655 | 15,975 | |
2 | John Deere Capital Corp. | 2.650% | 6/24/24 | 15,950 | 17,026 | |
2 | John Deere Capital Corp. | 2.050% | 1/9/25 | 14,394 | 15,072 | |
2 | John Deere Capital Corp. | 3.450% | 3/13/25 | 9,144 | 10,051 | |
2 | John Deere Capital Corp. | 3.400% | 9/11/25 | 9,800 | 10,814 | |
John Deere Capital Corp. | 0.700% | 1/15/26 | 18,750 | 18,450 | ||
2 | Johnson Controls International plc | 3.625% | 7/2/24 | 7,127 | 7,735 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
2 | Johnson Controls International plc | 3.900% | 2/14/26 | 9,035 | 10,099 | |
2 | Kansas City Southern | 3.000% | 5/15/23 | 3,887 | 4,055 | |
Kennametal Inc. | 3.875% | 2/15/22 | 4,725 | 4,840 | ||
Keysight Technologies Inc. | 4.550% | 10/30/24 | 9,209 | 10,392 | ||
L3Harris Technologies Inc. | 3.850% | 6/15/23 | 13,965 | 15,011 | ||
L3Harris Technologies Inc. | 3.950% | 5/28/24 | 8,161 | 8,884 | ||
L3Harris Technologies Inc. | 3.832% | 4/27/25 | 12,271 | 13,605 | ||
Legrand France SA | 8.500% | 2/15/25 | 8,159 | 10,431 | ||
Lennox International Inc. | 3.000% | 11/15/23 | 4,920 | 5,209 | ||
Lennox International Inc. | 1.350% | 8/1/25 | 8,630 | 8,677 | ||
Lockheed Martin Corp. | 3.100% | 1/15/23 | 20,855 | 21,819 | ||
Lockheed Martin Corp. | 2.900% | 3/1/25 | 20,575 | 22,134 | ||
Lockheed Martin Corp. | 3.550% | 1/15/26 | 31,345 | 34,920 | ||
Norfolk Southern Corp. | 3.000% | 4/1/22 | 14,549 | 14,887 | ||
Norfolk Southern Corp. | 2.903% | 2/15/23 | 15,974 | 16,650 | ||
Norfolk Southern Corp. | 3.850% | 1/15/24 | 5,565 | 6,031 | ||
Norfolk Southern Corp. | 3.650% | 8/1/25 | 3,411 | 3,770 | ||
Northrop Grumman Corp. | 2.550% | 10/15/22 | 37,790 | 39,142 | ||
Northrop Grumman Corp. | 3.250% | 8/1/23 | 20,187 | 21,561 | ||
Northrop Grumman Corp. | 2.930% | 1/15/25 | 33,806 | 36,112 | ||
nVent Finance Sarl | 3.950% | 4/15/23 | 4,592 | 4,822 | ||
Otis Worldwide Corp. | 2.056% | 4/5/25 | 35,789 | 37,313 | ||
2 | PACCAR Financial Corp. | 2.850% | 3/1/22 | 5,135 | 5,263 | |
2 | PACCAR Financial Corp. | 2.650% | 5/10/22 | 11,303 | 11,600 | |
2 | PACCAR Financial Corp. | 2.300% | 8/10/22 | 1,100 | 1,130 | |
2 | PACCAR Financial Corp. | 2.000% | 9/26/22 | 10,753 | 11,051 | |
2 | PACCAR Financial Corp. | 2.650% | 4/6/23 | 5,128 | 5,367 | |
2 | PACCAR Financial Corp. | 0.800% | 6/8/23 | 6,500 | 6,561 | |
PACCAR Financial Corp. | 3.400% | 8/9/23 | 7,308 | 7,842 | ||
2 | PACCAR Financial Corp. | 0.350% | 8/11/23 | 5,209 | 5,198 | |
2 | PACCAR Financial Corp. | 0.350% | 2/2/24 | 8,450 | 8,424 | |
2 | PACCAR Financial Corp. | 2.150% | 8/15/24 | 7,606 | 8,016 | |
2 | PACCAR Financial Corp. | 1.800% | 2/6/25 | 14,489 | 14,927 | |
2 | Parker-Hannifin Corp. | 3.500% | 9/15/22 | 8,003 | 8,380 | |
Parker-Hannifin Corp. | 2.700% | 6/14/24 | 12,789 | 13,628 | ||
2 | Parker-Hannifin Corp. | 3.300% | 11/21/24 | 10,685 | 11,645 | |
Precision Castparts Corp. | 2.500% | 1/15/23 | 17,229 | 17,798 | ||
Precision Castparts Corp. | 3.250% | 6/15/25 | 17,875 | 19,480 | ||
Raytheon Technologies Corp. | 2.800% | 3/15/22 | 13,632 | 13,956 | ||
Raytheon Technologies Corp. | 2.500% | 12/15/22 | 12,325 | 12,728 | ||
Raytheon Technologies Corp. | 3.650% | 8/16/23 | 3,876 | 4,160 | ||
Raytheon Technologies Corp. | 3.700% | 12/15/23 | 8,667 | 9,367 | ||
Raytheon Technologies Corp. | 3.200% | 3/15/24 | 21,640 | 23,265 | ||
Raytheon Technologies Corp. | 3.950% | 8/16/25 | 35,131 | 39,363 | ||
Republic Services Inc. | 4.750% | 5/15/23 | 6,124 | 6,638 | ||
Republic Services Inc. | 2.500% | 8/15/24 | 21,167 | 22,481 | ||
Republic Services Inc. | 3.200% | 3/15/25 | 12,132 | 13,117 | ||
Republic Services Inc. | 0.875% | 11/15/25 | 4,275 | 4,224 | ||
Rockwell Automation Inc. | 2.875% | 3/1/25 | 5,126 | 5,485 | ||
Roper Technologies Inc. | 2.800% | 12/15/21 | 10,423 | 10,602 | ||
Roper Technologies Inc. | 0.450% | 8/15/22 | 15,739 | 15,764 | ||
Roper Technologies Inc. | 3.125% | 11/15/22 | 7,554 | 7,856 | ||
Roper Technologies Inc. | 3.650% | 9/15/23 | 17,450 | 18,818 | ||
Roper Technologies Inc. | 2.350% | 9/15/24 | 10,155 | 10,712 | ||
Roper Technologies Inc. | 1.000% | 9/15/25 | 18,298 | 18,165 | ||
Roper Technologies Inc. | 3.850% | 12/15/25 | 3,213 | 3,593 | ||
2 | Ryder System Inc. | 2.800% | 3/1/22 | 5,907 | 6,034 | |
2 | Ryder System Inc. | 2.875% | 6/1/22 | 16,370 | 16,833 | |
2 | Ryder System Inc. | 2.500% | 9/1/22 | 4,700 | 4,835 | |
2 | Ryder System Inc. | 3.400% | 3/1/23 | 14,388 | 15,199 | |
2 | Ryder System Inc. | 3.750% | 6/9/23 | 8,842 | 9,457 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
2 | Ryder System Inc. | 3.875% | 12/1/23 | 4,174 | 4,534 | |
2 | Ryder System Inc. | 3.650% | 3/18/24 | 15,051 | 16,342 | |
2 | Ryder System Inc. | 2.500% | 9/1/24 | 17,710 | 18,736 | |
2 | Ryder System Inc. | 4.625% | 6/1/25 | 5,002 | 5,689 | |
2 | Ryder System Inc. | 3.350% | 9/1/25 | 3,164 | 3,458 | |
Southwest Airlines Co. | 2.750% | 11/16/22 | 6,450 | 6,637 | ||
Southwest Airlines Co. | 4.750% | 5/4/23 | 22,653 | 24,583 | ||
Southwest Airlines Co. | 5.250% | 5/4/25 | 37,742 | 43,232 | ||
Textron Inc. | 4.300% | 3/1/24 | 7,702 | 8,408 | ||
Textron Inc. | 3.875% | 3/1/25 | 5,348 | 5,837 | ||
Timken Co. | 3.875% | 9/1/24 | 6,705 | 7,156 | ||
Trane Technologies Global Holding Co. Ltd. | 4.250% | 6/15/23 | 11,614 | 12,601 | ||
Trane Technologies Luxembourg Finance SA | 3.550% | 11/1/24 | 8,162 | 8,942 | ||
Trimble Inc. | 4.150% | 6/15/23 | 6,426 | 6,905 | ||
Trimble Inc. | 4.750% | 12/1/24 | 8,002 | 9,043 | ||
Tyco Electronics Group SA | 3.450% | 8/1/24 | 7,926 | 8,599 | ||
Tyco Electronics Group SA | 3.700% | 2/15/26 | 5,850 | 6,468 | ||
Union Pacific Corp. | 2.950% | 3/1/22 | 16,584 | 17,026 | ||
Union Pacific Corp. | 4.163% | 7/15/22 | 13,272 | 13,842 | ||
Union Pacific Corp. | 2.950% | 1/15/23 | 8,826 | 9,193 | ||
Union Pacific Corp. | 2.750% | 4/15/23 | 6,264 | 6,541 | ||
Union Pacific Corp. | 3.500% | 6/8/23 | 10,931 | 11,663 | ||
Union Pacific Corp. | 3.646% | 2/15/24 | 7,789 | 8,432 | ||
Union Pacific Corp. | 3.150% | 3/1/24 | 15,285 | 16,442 | ||
Union Pacific Corp. | 3.750% | 3/15/24 | 10,310 | 11,188 | ||
Union Pacific Corp. | 3.250% | 1/15/25 | 6,211 | 6,726 | ||
Union Pacific Corp. | 3.750% | 7/15/25 | 4,935 | 5,513 | ||
Union Pacific Corp. | 3.250% | 8/15/25 | 7,750 | 8,451 | ||
2 | United Airlines Pass-Through Trust Class A Series 2013-1 | 4.300% | 8/15/25 | 9,057 | 9,368 | |
2 | United Airlines Pass-Through Trust Class B Series 2020-1 | 4.875% | 1/15/26 | 15,100 | 15,629 | |
United Parcel Service Inc. | 2.350% | 5/16/22 | 9,959 | 10,194 | ||
United Parcel Service Inc. | 2.450% | 10/1/22 | 22,778 | 23,573 | ||
United Parcel Service Inc. | 2.500% | 4/1/23 | 26,400 | 27,549 | ||
United Parcel Service Inc. | 2.200% | 9/1/24 | 5,879 | 6,190 | ||
United Parcel Service Inc. | 2.800% | 11/15/24 | 15,359 | 16,574 | ||
United Parcel Service Inc. | 3.900% | 4/1/25 | 19,078 | 21,266 | ||
Waste Management Inc. | 2.900% | 9/15/22 | 14,605 | 15,101 | ||
Waste Management Inc. | 2.400% | 5/15/23 | 10,990 | 11,429 | ||
Waste Management Inc. | 3.500% | 5/15/24 | 10,136 | 10,986 | ||
Waste Management Inc. | 3.125% | 3/1/25 | 11,172 | 12,069 | ||
Waste Management Inc. | 0.750% | 11/15/25 | 7,289 | 7,179 | ||
Westinghouse Air Brake Technologies Corp. | 4.400% | 3/15/24 | 13,856 | 15,148 | ||
Westinghouse Air Brake Technologies Corp. | 3.200% | 6/15/25 | 12,108 | 12,904 | ||
WW Grainger Inc. | 1.850% | 2/15/25 | 10,909 | 11,343 | ||
3,295,491 | ||||||
Materials (2.09%) | ||||||
Air Products and Chemicals Inc. | 2.750% | 2/3/23 | 5,899 | 6,167 | ||
Air Products and Chemicals Inc. | 3.350% | 7/31/24 | 8,270 | 8,984 | ||
Air Products and Chemicals Inc. | 1.500% | 10/15/25 | 12,543 | 12,823 | ||
Albemarle Corp. | 4.150% | 12/1/24 | 7,260 | 8,056 | ||
2,3 | Berry Global Inc. | 0.950% | 2/15/24 | 11,700 | 11,695 | |
2,3 | Berry Global Inc. | 1.570% | 1/15/26 | 27,386 | 27,215 | |
BHP Billiton Finance USA Ltd. | 3.850% | 9/30/23 | 8,972 | 9,769 | ||
Cabot Corp. | 3.700% | 7/15/22 | 5,845 | 6,045 | ||
Carlisle Cos. Inc. | 3.750% | 11/15/22 | 5,150 | 5,401 | ||
Carlisle Cos. Inc. | 3.500% | 12/1/24 | 8,423 | 9,161 | ||
Celanese US Holdings LLC | 4.625% | 11/15/22 | 9,454 | 10,089 | ||
Celanese US Holdings LLC | 3.500% | 5/8/24 | 10,914 | 11,774 | ||
Celulosa Arauco y Constitucion SA | 4.500% | 8/1/24 | 9,270 | 10,081 | ||
Domtar Corp. | 4.400% | 4/1/22 | 4,403 | 4,529 | ||
Dow Chemical Co. | 3.500% | 10/1/24 | 14,394 | 15,666 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Dow Chemical Co. | 4.550% | 11/30/25 | 11,682 | 13,427 | ||
DuPont de Nemours Inc. | 2.169% | 5/1/23 | 42,244 | 42,453 | ||
DuPont de Nemours Inc. | 4.205% | 11/15/23 | 46,082 | 50,550 | ||
DuPont de Nemours Inc. | 4.493% | 11/15/25 | 36,694 | 41,926 | ||
Eastman Chemical Co. | 3.500% | 12/1/21 | 6,991 | 7,155 | ||
Eastman Chemical Co. | 3.600% | 8/15/22 | 16,514 | 17,131 | ||
Eastman Chemical Co. | 3.800% | 3/15/25 | 11,006 | 12,077 | ||
Ecolab Inc. | 2.375% | 8/10/22 | 22,164 | 22,775 | ||
Ecolab Inc. | 3.250% | 1/14/23 | 5,366 | 5,623 | ||
EI du Pont de Nemours & Co. | 1.700% | 7/15/25 | 10,350 | 10,627 | ||
Fibria Overseas Finance Ltd. | 5.250% | 5/12/24 | 6,663 | 7,388 | ||
Fibria Overseas Finance Ltd. | 4.000% | 1/14/25 | 6,935 | 7,477 | ||
FMC Corp. | 4.100% | 2/1/24 | 7,593 | 8,256 | ||
Georgia-Pacific LLC | 8.000% | 1/15/24 | 5,495 | 6,635 | ||
2,3 | Georgia-Pacific LLC | 0.625% | 5/15/24 | 4,000 | 3,998 | |
2,3 | Georgia-Pacific LLC | 1.750% | 9/30/25 | 10,000 | 10,266 | |
Huntsman International LLC | 5.125% | 11/15/22 | 5,348 | 5,635 | ||
International Flavors & Fragrances Inc. | 3.200% | 5/1/23 | 5,529 | 5,802 | ||
International Paper Co. | 3.800% | 1/15/26 | 8,351 | 9,336 | ||
Kinross Gold Corp. | 5.950% | 3/15/24 | 8,823 | 10,003 | ||
Linde Inc. | 2.200% | 8/15/22 | 9,101 | 9,310 | ||
Linde Inc. | 2.700% | 2/21/23 | 9,416 | 9,789 | ||
Linde Inc. | 2.650% | 2/5/25 | 7,155 | 7,631 | ||
Linde Inc. | 3.200% | 1/30/26 | 10,263 | 11,298 | ||
LYB International Finance BV | 4.000% | 7/15/23 | 18,909 | 20,435 | ||
LYB International Finance III LLC | 2.875% | 5/1/25 | 17,070 | 18,208 | ||
LYB International Finance III LLC | 1.250% | 10/1/25 | 14,695 | 14,646 | ||
LyondellBasell Industries NV | 5.750% | 4/15/24 | 15,255 | 17,382 | ||
Martin Marietta Materials Inc. | 4.250% | 7/2/24 | 8,007 | 8,850 | ||
Mosaic Co. | 3.250% | 11/15/22 | 13,638 | 14,222 | ||
Mosaic Co. | 4.250% | 11/15/23 | 18,920 | 20,551 | ||
NewMarket Corp. | 4.100% | 12/15/22 | 2,725 | 2,890 | ||
Newmont Corp. | 3.700% | 3/15/23 | 2,850 | 2,976 | ||
Nucor Corp. | 4.125% | 9/15/22 | 10,400 | 10,905 | ||
Nucor Corp. | 4.000% | 8/1/23 | 16,102 | 17,330 | ||
Nucor Corp. | 2.000% | 6/1/25 | 15,086 | 15,665 | ||
Nutrien Ltd. | 3.150% | 10/1/22 | 10,863 | 11,248 | ||
Nutrien Ltd. | 1.900% | 5/13/23 | 7,598 | 7,845 | ||
Nutrien Ltd. | 3.500% | 6/1/23 | 6,406 | 6,819 | ||
Nutrien Ltd. | 3.625% | 3/15/24 | 12,365 | 13,454 | ||
Nutrien Ltd. | 3.375% | 3/15/25 | 16,726 | 18,198 | ||
Nutrien Ltd. | 3.000% | 4/1/25 | 7,413 | 7,850 | ||
Packaging Corp. of America | 4.500% | 11/1/23 | 13,618 | 14,925 | ||
Packaging Corp. of America | 3.650% | 9/15/24 | 6,557 | 7,156 | ||
PPG Industries Inc. | 3.200% | 3/15/23 | 6,664 | 7,020 | ||
PPG Industries Inc. | 2.400% | 8/15/24 | 9,261 | 9,738 | ||
Reliance Steel & Aluminum Co. | 4.500% | 4/15/23 | 5,083 | 5,454 | ||
Reliance Steel & Aluminum Co. | 1.300% | 8/15/25 | 6,000 | 6,004 | ||
Rio Tinto Finance USA Ltd. | 3.750% | 6/15/25 | 23,772 | 26,400 | ||
RPM International Inc. | 3.450% | 11/15/22 | 3,823 | 3,969 | ||
Sherwin-Williams Co. | 3.125% | 6/1/24 | 29,685 | 31,885 | ||
Sherwin-Williams Co. | 3.450% | 8/1/25 | 7,104 | 7,736 | ||
Southern Copper Corp. | 3.500% | 11/8/22 | 5,015 | 5,218 | ||
Southern Copper Corp. | 3.875% | 4/23/25 | 7,925 | 8,708 | ||
Steel Dynamics Inc. | 2.800% | 12/15/24 | 19,593 | 20,891 | ||
Steel Dynamics Inc. | 2.400% | 6/15/25 | 6,690 | 7,050 | ||
Vulcan Materials Co. | 4.500% | 4/1/25 | 5,868 | 6,608 | ||
WestRock RKT LLC | 4.900% | 3/1/22 | 4,122 | 4,304 | ||
WestRock RKT LLC | 4.000% | 3/1/23 | 7,795 | 8,260 | ||
WRKCo Inc. | 3.000% | 9/15/24 | 17,204 | 18,422 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
WRKCo Inc. | 3.750% | 3/15/25 | 17,714 | 19,482 | ||
942,727 | ||||||
Real Estate (3.29%) | ||||||
Alexandria Real Estate Equities Inc. | 3.450% | 4/30/25 | 16,144 | 17,604 | ||
Alexandria Real Estate Equities Inc. | 4.300% | 1/15/26 | 1,012 | 1,154 | ||
American Campus Communities Operating Partnership LP | 3.750% | 4/15/23 | 6,700 | 7,105 | ||
American Campus Communities Operating Partnership LP | 4.125% | 7/1/24 | 8,246 | 9,030 | ||
American Tower Corp. | 4.700% | 3/15/22 | 15,338 | 15,999 | ||
American Tower Corp. | 3.500% | 1/31/23 | 21,700 | 22,924 | ||
American Tower Corp. | 3.000% | 6/15/23 | 14,870 | 15,704 | ||
American Tower Corp. | 0.600% | 1/15/24 | 6,108 | 6,101 | ||
American Tower Corp. | 5.000% | 2/15/24 | 13,133 | 14,804 | ||
American Tower Corp. | 3.375% | 5/15/24 | 16,909 | 18,248 | ||
American Tower Corp. | 2.950% | 1/15/25 | 15,058 | 16,098 | ||
American Tower Corp. | 2.400% | 3/15/25 | 13,099 | 13,727 | ||
American Tower Corp. | 4.000% | 6/1/25 | 12,267 | 13,604 | ||
American Tower Corp. | 1.300% | 9/15/25 | 12,775 | 12,829 | ||
American Tower Corp. | 4.400% | 2/15/26 | 9,928 | 11,242 | ||
2 | AvalonBay Communities Inc. | 2.950% | 9/15/22 | 8,625 | 8,897 | |
2 | AvalonBay Communities Inc. | 4.200% | 12/15/23 | 6,353 | 6,953 | |
2 | AvalonBay Communities Inc. | 3.500% | 11/15/24 | 7,265 | 7,967 | |
2 | AvalonBay Communities Inc. | 3.450% | 6/1/25 | 10,756 | 11,772 | |
2 | AvalonBay Communities Inc. | 3.500% | 11/15/25 | 5,819 | 6,437 | |
Boston Properties LP | 3.850% | 2/1/23 | 14,027 | 14,782 | ||
Boston Properties LP | 3.125% | 9/1/23 | 16,540 | 17,513 | ||
Boston Properties LP | 3.800% | 2/1/24 | 15,139 | 16,382 | ||
Boston Properties LP | 3.200% | 1/15/25 | 13,333 | 14,306 | ||
Boston Properties LP | 3.650% | 2/1/26 | 9,832 | 10,914 | ||
Brandywine Operating Partnership LP | 3.950% | 2/15/23 | 4,973 | 5,217 | ||
Brandywine Operating Partnership LP | 4.100% | 10/1/24 | 6,735 | 7,322 | ||
Brixmor Operating Partnership LP | 3.250% | 9/15/23 | 9,139 | 9,693 | ||
Brixmor Operating Partnership LP | 3.650% | 6/15/24 | 12,161 | 13,177 | ||
Brixmor Operating Partnership LP | 3.850% | 2/1/25 | 13,586 | 14,778 | ||
Camden Property Trust | 2.950% | 12/15/22 | 8,537 | 8,881 | ||
CC Holdings GS V LLC | 3.849% | 4/15/23 | 30,652 | 32,736 | ||
Columbia Property Trust Operating Partnership LP | 4.150% | 4/1/25 | 7,648 | 8,096 | ||
Corporate Office Properties LP | 3.600% | 5/15/23 | 5,804 | 6,105 | ||
Corporate Office Properties LP | 5.000% | 7/1/25 | 7,367 | 8,412 | ||
Crown Castle International Corp. | 5.250% | 1/15/23 | 36,421 | 39,549 | ||
Crown Castle International Corp. | 3.150% | 7/15/23 | 10,216 | 10,822 | ||
Crown Castle International Corp. | 3.200% | 9/1/24 | 16,116 | 17,406 | ||
Crown Castle International Corp. | 1.350% | 7/15/25 | 9,659 | 9,717 | ||
Crown Castle International Corp. | 4.450% | 2/15/26 | 19,061 | 21,640 | ||
CubeSmart LP | 4.375% | 12/15/23 | 4,745 | 5,182 | ||
CubeSmart LP | 4.000% | 11/15/25 | 5,616 | 6,248 | ||
CyrusOne LP | 2.900% | 11/15/24 | 13,754 | 14,684 | ||
Digital Realty Trust LP | 4.750% | 10/1/25 | 9,094 | 10,421 | ||
Duke Realty LP | 3.625% | 4/15/23 | 1,500 | 1,586 | ||
Duke Realty LP | 3.750% | 12/1/24 | 4,870 | 5,368 | ||
Equinix Inc. | 2.625% | 11/18/24 | 29,848 | 31,646 | ||
Equinix Inc. | 1.250% | 7/15/25 | 6,801 | 6,801 | ||
Equinix Inc. | 1.000% | 9/15/25 | 17,254 | 17,037 | ||
ERP Operating LP | 3.000% | 4/15/23 | 6,592 | 6,908 | ||
ERP Operating LP | 3.375% | 6/1/25 | 13,275 | 14,434 | ||
2 | Essex Portfolio LP | 3.375% | 1/15/23 | 1,000 | 1,046 | |
Essex Portfolio LP | 3.250% | 5/1/23 | 7,579 | 7,983 | ||
Essex Portfolio LP | 3.875% | 5/1/24 | 6,746 | 7,347 | ||
Essex Portfolio LP | 3.500% | 4/1/25 | 17,036 | 18,566 | ||
Federal Realty Investment Trust | 3.950% | 1/15/24 | 10,172 | 11,041 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Federal Realty Investment Trust | 1.250% | 2/15/26 | 6,546 | 6,531 | ||
GLP Capital LP | 5.375% | 11/1/23 | 9,238 | 10,099 | ||
GLP Capital LP | 3.350% | 9/1/24 | 9,504 | 10,111 | ||
GLP Capital LP | 5.250% | 6/1/25 | 16,882 | 19,088 | ||
Healthpeak Properties Inc. | 3.400% | 2/1/25 | 15,702 | 17,043 | ||
Healthpeak Properties Inc. | 4.000% | 6/1/25 | 12,559 | 13,998 | ||
Highwoods Realty LP | 3.625% | 1/15/23 | 1,360 | 1,417 | ||
2 | Host Hotels & Resorts LP | 3.750% | 10/15/23 | 9,061 | 9,589 | |
Host Hotels & Resorts LP | 3.875% | 4/1/24 | 9,107 | 9,666 | ||
2 | Host Hotels & Resorts LP | 4.000% | 6/15/25 | 10,877 | 11,699 | |
2 | Host Hotels & Resorts LP | 4.500% | 2/1/26 | 5,802 | 6,336 | |
Kilroy Realty LP | 3.800% | 1/15/23 | 500 | 523 | ||
Kilroy Realty LP | 3.450% | 12/15/24 | 7,760 | 8,378 | ||
Kilroy Realty LP | 4.375% | 10/1/25 | 11,483 | 12,775 | ||
Kimco Realty Corp. | 3.400% | 11/1/22 | 6,706 | 6,990 | ||
Kimco Realty Corp. | 3.125% | 6/1/23 | 6,118 | 6,445 | ||
Kimco Realty Corp. | 2.700% | 3/1/24 | 8,759 | 9,216 | ||
Kimco Realty Corp. | 3.300% | 2/1/25 | 14,116 | 15,217 | ||
Mid-America Apartments LP | 4.300% | 10/15/23 | 7,080 | 7,686 | ||
Mid-America Apartments LP | 3.750% | 6/15/24 | 4,775 | 5,189 | ||
Mid-America Apartments LP | 4.000% | 11/15/25 | 8,558 | 9,598 | ||
National Retail Properties Inc. | 3.300% | 4/15/23 | 5,642 | 5,942 | ||
National Retail Properties Inc. | 3.900% | 6/15/24 | 7,023 | 7,671 | ||
National Retail Properties Inc. | 4.000% | 11/15/25 | 8,992 | 10,025 | ||
Office Properties Income Trust | 4.150% | 2/1/22 | 6,765 | 6,936 | ||
Office Properties Income Trust | 4.000% | 7/15/22 | 6,600 | 6,783 | ||
Office Properties Income Trust | 4.250% | 5/15/24 | 6,480 | 6,840 | ||
Office Properties Income Trust | 4.500% | 2/1/25 | 13,362 | 14,233 | ||
Omega Healthcare Investors Inc. | 4.375% | 8/1/23 | 15,884 | 17,144 | ||
Omega Healthcare Investors Inc. | 4.950% | 4/1/24 | 9,813 | 10,766 | ||
Omega Healthcare Investors Inc. | 4.500% | 1/15/25 | 8,123 | 8,844 | ||
Omega Healthcare Investors Inc. | 5.250% | 1/15/26 | 12,209 | 13,854 | ||
Piedmont Operating Partnership LP | 3.400% | 6/1/23 | 8,466 | 8,821 | ||
Piedmont Operating Partnership LP | 4.450% | 3/15/24 | 6,495 | 7,037 | ||
Prologis LP | 3.750% | 11/1/25 | 13,098 | 14,670 | ||
Public Storage | 2.370% | 9/15/22 | 15,361 | 15,806 | ||
Public Storage | 0.875% | 2/15/26 | 2,827 | 2,781 | ||
Rayonier Inc. | 3.750% | 4/1/22 | 4,100 | 4,208 | ||
Realty Income Corp. | 4.650% | 8/1/23 | 24,703 | 26,867 | ||
Realty Income Corp. | 3.875% | 7/15/24 | 8,837 | 9,642 | ||
Realty Income Corp. | 3.875% | 4/15/25 | 11,947 | 13,256 | ||
Retail Properties of America Inc. | 4.000% | 3/15/25 | 1,000 | 1,048 | ||
Sabra Health Care LP | 4.800% | 6/1/24 | 7,737 | 8,439 | ||
Simon Property Group LP | 2.625% | 6/15/22 | 6,618 | 6,775 | ||
Simon Property Group LP | 2.750% | 2/1/23 | 14,538 | 15,126 | ||
Simon Property Group LP | 2.750% | 6/1/23 | 12,924 | 13,513 | ||
Simon Property Group LP | 3.750% | 2/1/24 | 12,493 | 13,491 | ||
Simon Property Group LP | 2.000% | 9/13/24 | 26,867 | 27,914 | ||
Simon Property Group LP | 3.375% | 10/1/24 | 16,681 | 18,060 | ||
Simon Property Group LP | 3.500% | 9/1/25 | 25,364 | 27,634 | ||
Simon Property Group LP | 3.300% | 1/15/26 | 11,139 | 12,084 | ||
SITE Centers Corp. | 3.625% | 2/1/25 | 6,703 | 6,982 | ||
SL Green Operating Partnership LP | 3.250% | 10/15/22 | 6,291 | 6,520 | ||
SL Green Realty Corp. | 4.500% | 12/1/22 | 6,133 | 6,457 | ||
2 | UDR Inc. | 4.000% | 10/1/25 | 6,110 | 6,906 | |
Ventas Realty LP | 3.100% | 1/15/23 | 8,119 | 8,520 | ||
Ventas Realty LP | 3.125% | 6/15/23 | 9,687 | 10,189 | ||
Ventas Realty LP | 3.500% | 4/15/24 | 7,318 | 7,919 | ||
Ventas Realty LP | 3.750% | 5/1/24 | 6,884 | 7,450 | ||
Ventas Realty LP | 2.650% | 1/15/25 | 9,388 | 9,919 | ||
Ventas Realty LP | 3.500% | 2/1/25 | 11,624 | 12,633 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Ventas Realty LP | 4.125% | 1/15/26 | 8,692 | 9,843 | ||
VEREIT Operating Partnership LP | 4.600% | 2/6/24 | 12,351 | 13,567 | ||
VEREIT Operating Partnership LP | 4.625% | 11/1/25 | 9,425 | 10,731 | ||
Vornado Realty LP | 3.500% | 1/15/25 | 9,019 | 9,530 | ||
Washington REIT | 3.950% | 10/15/22 | 2,660 | 2,774 | ||
Weingarten Realty Investors | 3.375% | 10/15/22 | 2,209 | 2,279 | ||
Weingarten Realty Investors | 3.500% | 4/15/23 | 3,465 | 3,645 | ||
Welltower Inc. | 4.500% | 1/15/24 | 9,431 | 10,301 | ||
Welltower Inc. | 3.625% | 3/15/24 | 23,203 | 25,078 | ||
Welltower Inc. | 4.000% | 6/1/25 | 42,505 | 47,207 | ||
Weyerhaeuser Co. | 8.500% | 1/15/25 | 3,719 | 4,724 | ||
WP Carey Inc. | 4.600% | 4/1/24 | 6,791 | 7,503 | ||
WP Carey Inc. | 4.000% | 2/1/25 | 7,370 | 8,100 | ||
1,484,526 | ||||||
Technology (8.48%) | ||||||
Adobe Inc. | 1.700% | 2/1/23 | 19,101 | 19,615 | ||
Adobe Inc. | 1.900% | 2/1/25 | 14,278 | 14,857 | ||
Adobe Inc. | 3.250% | 2/1/25 | 16,938 | 18,419 | ||
Altera Corp. | 4.100% | 11/15/23 | 13,324 | 14,660 | ||
Analog Devices Inc. | 2.875% | 6/1/23 | 5,656 | 5,936 | ||
Analog Devices Inc. | 3.125% | 12/5/23 | 9,217 | 9,853 | ||
Analog Devices Inc. | 2.950% | 4/1/25 | 9,733 | 10,472 | ||
Analog Devices Inc. | 3.900% | 12/15/25 | 10,397 | 11,669 | ||
Apple Inc. | 2.300% | 5/11/22 | 22,520 | 23,034 | ||
Apple Inc. | 2.700% | 5/13/22 | 25,739 | 26,491 | ||
Apple Inc. | 1.700% | 9/11/22 | 16,975 | 17,354 | ||
Apple Inc. | 2.100% | 9/12/22 | 15,849 | 16,266 | ||
Apple Inc. | 2.400% | 1/13/23 | 27,337 | 28,393 | ||
Apple Inc. | 2.850% | 2/23/23 | 29,515 | 30,884 | ||
Apple Inc. | 2.400% | 5/3/23 | 106,253 | 111,054 | ||
Apple Inc. | 0.750% | 5/11/23 | 43,646 | 44,057 | ||
Apple Inc. | 3.000% | 2/9/24 | 42,003 | 45,002 | ||
Apple Inc. | 3.450% | 5/6/24 | 46,988 | 51,391 | ||
Apple Inc. | 2.850% | 5/11/24 | 50,111 | 53,672 | ||
Apple Inc. | 1.800% | 9/11/24 | 18,889 | 19,733 | ||
Apple Inc. | 2.750% | 1/13/25 | 17,231 | 18,440 | ||
Apple Inc. | 2.500% | 2/9/25 | 22,515 | 23,957 | ||
Apple Inc. | 1.125% | 5/11/25 | 50,745 | 51,267 | ||
Apple Inc. | 3.200% | 5/13/25 | 52,905 | 57,883 | ||
Apple Inc. | 0.550% | 8/20/25 | 13,444 | 13,256 | ||
Apple Inc. | 0.700% | 2/8/26 | 51,225 | 50,596 | ||
Apple Inc. | 3.250% | 2/23/26 | 74,537 | 81,941 | ||
Applied Materials Inc. | 3.900% | 10/1/25 | 13,682 | 15,349 | ||
Arrow Electronics Inc. | 3.500% | 4/1/22 | 5,064 | 5,200 | ||
Arrow Electronics Inc. | 4.500% | 3/1/23 | 6,520 | 6,958 | ||
Arrow Electronics Inc. | 3.250% | 9/8/24 | 11,834 | 12,719 | ||
Arrow Electronics Inc. | 4.000% | 4/1/25 | 5,570 | 6,066 | ||
Autodesk Inc. | 3.600% | 12/15/22 | 3,265 | 3,417 | ||
Autodesk Inc. | 4.375% | 6/15/25 | 9,892 | 11,164 | ||
Automatic Data Processing Inc. | 3.375% | 9/15/25 | 18,101 | 20,036 | ||
Avnet Inc. | 4.875% | 12/1/22 | 5,837 | 6,222 | ||
Broadcom Corp. | 3.625% | 1/15/24 | 27,635 | 29,750 | ||
Broadcom Corp. | 3.125% | 1/15/25 | 16,830 | 18,003 | ||
Broadcom Inc. | 2.250% | 11/15/23 | 10,476 | 10,932 | ||
Broadcom Inc. | 3.625% | 10/15/24 | 27,831 | 30,348 | ||
Broadcom Inc. | 4.700% | 4/15/25 | 41,705 | 47,091 | ||
Broadcom Inc. | 3.150% | 11/15/25 | 49,363 | 53,057 | ||
Cadence Design Systems Inc. | 4.375% | 10/15/24 | 5,932 | 6,599 | ||
Cintas Corp. No. 2 | 2.900% | 4/1/22 | 6,658 | 6,831 | ||
Cintas Corp. No. 2 | 3.250% | 6/1/22 | 4,675 | 4,812 | ||
Cisco Systems Inc. | 3.000% | 6/15/22 | 14,757 | 15,270 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Cisco Systems Inc. | 2.600% | 2/28/23 | 8,761 | 9,167 | ||
Cisco Systems Inc. | 2.200% | 9/20/23 | 18,368 | 19,221 | ||
Cisco Systems Inc. | 3.625% | 3/4/24 | 17,919 | 19,628 | ||
Cisco Systems Inc. | 3.500% | 6/15/25 | 4,195 | 4,653 | ||
Cisco Systems Inc. | 2.950% | 2/28/26 | 15,760 | 17,195 | ||
Corning Inc. | 2.900% | 5/15/22 | 6,540 | 6,709 | ||
2,3 | Dell International LLC | 5.450% | 6/15/23 | 80,804 | 88,621 | |
2,3 | Dell International LLC | 4.000% | 7/15/24 | 23,122 | 25,292 | |
2,3 | Dell International LLC | 5.850% | 7/15/25 | 29,321 | 34,496 | |
DXC Technology Co. | 4.000% | 4/15/23 | 12,525 | 13,308 | ||
DXC Technology Co. | 4.250% | 4/15/24 | 11,888 | 12,953 | ||
DXC Technology Co. | 4.125% | 4/15/25 | 23,029 | 25,172 | ||
Equifax Inc. | 3.300% | 12/15/22 | 14,774 | 15,428 | ||
Equifax Inc. | 3.950% | 6/15/23 | 8,430 | 9,055 | ||
Equifax Inc. | 2.600% | 12/1/24 | 18,082 | 19,188 | ||
Equifax Inc. | 2.600% | 12/15/25 | 12,879 | 13,661 | ||
1 | Fidelity National Information Services Inc. | 0.375% | 3/1/23 | 16,000 | 15,995 | |
Fidelity National Information Services Inc. | 3.500% | 4/15/23 | 16,771 | 17,702 | ||
1 | Fidelity National Information Services Inc. | 0.600% | 3/1/24 | 15,000 | 14,957 | |
Fidelity National Information Services Inc. | 3.875% | 6/5/24 | 6,584 | 7,208 | ||
Fidelity National Information Services Inc. | 5.000% | 10/15/25 | 2,107 | 2,452 | ||
Fidelity National Information Services Inc. | 3.000% | 8/15/26 | 12,000 | 13,156 | ||
Fiserv Inc. | 3.500% | 10/1/22 | 18,897 | 19,672 | ||
Fiserv Inc. | 3.800% | 10/1/23 | 31,876 | 34,486 | ||
Fiserv Inc. | 2.750% | 7/1/24 | 53,164 | 56,525 | ||
Fiserv Inc. | 3.850% | 6/1/25 | 8,044 | 8,889 | ||
Flex Ltd. | 5.000% | 2/15/23 | 8,315 | 8,964 | ||
Flex Ltd. | 4.750% | 6/15/25 | 11,846 | 13,319 | ||
Flex Ltd. | 3.750% | 2/1/26 | 14,090 | 15,393 | ||
Genpact Luxembourg Sarl | 3.375% | 12/1/24 | 3,262 | 3,546 | ||
Harman International Industries Inc. | 4.150% | 5/15/25 | 6,278 | 6,933 | ||
Hewlett Packard Enterprise Co. | 4.400% | 10/15/22 | 37,247 | 39,344 | ||
Hewlett Packard Enterprise Co. | 2.250% | 4/1/23 | 15,562 | 16,089 | ||
Hewlett Packard Enterprise Co. | 4.450% | 10/2/23 | 22,002 | 24,076 | ||
Hewlett Packard Enterprise Co. | 1.450% | 4/1/24 | 21,616 | 22,065 | ||
Hewlett Packard Enterprise Co. | 4.650% | 10/1/24 | 19,308 | 21,720 | ||
Hewlett Packard Enterprise Co. | 4.900% | 10/15/25 | 49,924 | 57,559 | ||
HP Inc. | 4.050% | 9/15/22 | 10,228 | 10,790 | ||
HP Inc. | 2.200% | 6/17/25 | 23,868 | 24,913 | ||
IBM Credit LLC | 2.200% | 9/8/22 | 7,083 | 7,294 | ||
IBM Credit LLC | 3.000% | 2/6/23 | 11,077 | 11,668 | ||
IHS Markit Ltd. | 4.125% | 8/1/23 | 7,760 | 8,371 | ||
IHS Markit Ltd. | 3.625% | 5/1/24 | 6,600 | 7,128 | ||
Intel Corp. | 2.350% | 5/11/22 | 14,107 | 14,431 | ||
Intel Corp. | 3.100% | 7/29/22 | 14,872 | 15,459 | ||
Intel Corp. | 2.700% | 12/15/22 | 30,143 | 31,459 | ||
Intel Corp. | 2.875% | 5/11/24 | 26,998 | 28,909 | ||
Intel Corp. | 3.400% | 3/25/25 | 41,599 | 45,544 | ||
Intel Corp. | 3.700% | 7/29/25 | 48,001 | 53,432 | ||
International Business Machines Corp. | 2.850% | 5/13/22 | 75,077 | 77,368 | ||
International Business Machines Corp. | 1.875% | 8/1/22 | 14,355 | 14,672 | ||
International Business Machines Corp. | 2.875% | 11/9/22 | 35,108 | 36,657 | ||
International Business Machines Corp. | 3.375% | 8/1/23 | 32,104 | 34,464 | ||
International Business Machines Corp. | 3.625% | 2/12/24 | 28,594 | 31,209 | ||
International Business Machines Corp. | 3.000% | 5/15/24 | 53,176 | 57,187 | ||
International Business Machines Corp. | 7.000% | 10/30/25 | 6,800 | 8,643 | ||
International Business Machines Corp. | 3.450% | 2/19/26 | 33,678 | 37,258 | ||
Intuit Inc. | 0.650% | 7/15/23 | 9,410 | 9,481 | ||
Intuit Inc. | 0.950% | 7/15/25 | 11,287 | 11,320 | ||
Jabil Inc. | 4.700% | 9/15/22 | 10,348 | 10,989 | ||
KLA Corp. | 4.650% | 11/1/24 | 22,948 | 25,827 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Lam Research Corp. | 3.800% | 3/15/25 | 10,646 | 11,739 | ||
2,3 | Leidos Inc. | 2.950% | 5/15/23 | 10,400 | 10,907 | |
2,3 | Leidos Inc. | 3.625% | 5/15/25 | 10,453 | 11,433 | |
Marvell Technology Group Ltd. | 4.200% | 6/22/23 | 9,626 | 10,360 | ||
Maxim Integrated Products Inc. | 3.375% | 3/15/23 | 8,292 | 8,709 | ||
Microchip Technology Inc. | 4.333% | 6/1/23 | 21,089 | 22,779 | ||
Micron Technology Inc. | 2.497% | 4/24/23 | 24,294 | 25,302 | ||
Micron Technology Inc. | 4.640% | 2/6/24 | 12,091 | 13,315 | ||
Micron Technology Inc. | 4.975% | 2/6/26 | 12,494 | 14,368 | ||
Microsoft Corp. | 2.650% | 11/3/22 | 21,130 | 21,897 | ||
Microsoft Corp. | 2.125% | 11/15/22 | 15,540 | 16,038 | ||
Microsoft Corp. | 2.375% | 5/1/23 | 21,654 | 22,545 | ||
Microsoft Corp. | 2.000% | 8/8/23 | 27,249 | 28,324 | ||
Microsoft Corp. | 3.625% | 12/15/23 | 22,805 | 24,725 | ||
Microsoft Corp. | 2.875% | 2/6/24 | 61,699 | 65,974 | ||
Microsoft Corp. | 2.700% | 2/12/25 | 43,972 | 46,992 | ||
Microsoft Corp. | 3.125% | 11/3/25 | 61,507 | 67,678 | ||
Moody's Corp. | 4.500% | 9/1/22 | 12,599 | 13,217 | ||
Moody's Corp. | 2.625% | 1/15/23 | 10,448 | 10,853 | ||
Moody's Corp. | 4.875% | 2/15/24 | 9,463 | 10,521 | ||
Moody's Corp. | 3.750% | 3/24/25 | 9,671 | 10,692 | ||
Motorola Solutions Inc. | 3.500% | 3/1/23 | 7,353 | 7,757 | ||
Motorola Solutions Inc. | 4.000% | 9/1/24 | 11,575 | 12,822 | ||
NetApp Inc. | 3.300% | 9/29/24 | 7,407 | 8,022 | ||
NetApp Inc. | 1.875% | 6/22/25 | 16,445 | 16,921 | ||
2,3 | NXP BV | 4.875% | 3/1/24 | 15,748 | 17,567 | |
2,3 | NXP BV | 2.700% | 5/1/25 | 15,620 | 16,505 | |
Oracle Corp. | 2.500% | 5/15/22 | 41,348 | 42,291 | ||
Oracle Corp. | 2.500% | 10/15/22 | 66,170 | 68,556 | ||
Oracle Corp. | 2.625% | 2/15/23 | 37,464 | 39,103 | ||
Oracle Corp. | 3.625% | 7/15/23 | 20,316 | 21,864 | ||
Oracle Corp. | 2.400% | 9/15/23 | 50,565 | 53,041 | ||
Oracle Corp. | 3.400% | 7/8/24 | 36,351 | 39,463 | ||
Oracle Corp. | 2.950% | 11/15/24 | 37,989 | 41,003 | ||
Oracle Corp. | 2.500% | 4/1/25 | 71,687 | 75,883 | ||
Oracle Corp. | 2.950% | 5/15/25 | 36,137 | 38,889 | ||
QUALCOMM Inc. | 3.000% | 5/20/22 | 26,457 | 27,329 | ||
QUALCOMM Inc. | 2.600% | 1/30/23 | 8,626 | 8,973 | ||
QUALCOMM Inc. | 2.900% | 5/20/24 | 15,290 | 16,359 | ||
QUALCOMM Inc. | 3.450% | 5/20/25 | 29,466 | 32,316 | ||
QUALCOMM Inc. | 1.300% | 5/20/28 | 3,346 | 3,254 | ||
RELX Capital Inc. | 3.500% | 3/16/23 | 12,034 | 12,761 | ||
S&P Global Inc. | 4.000% | 6/15/25 | 13,642 | 15,302 | ||
salesforce.com Inc. | 3.250% | 4/11/23 | 18,632 | 19,739 | ||
Telefonaktiebolaget LM Ericsson | 4.125% | 5/15/22 | 1,106 | 1,145 | ||
Texas Instruments Inc. | 1.850% | 5/15/22 | 11,306 | 11,514 | ||
Texas Instruments Inc. | 2.250% | 5/1/23 | 4,900 | 5,081 | ||
Texas Instruments Inc. | 2.625% | 5/15/24 | 13,359 | 14,208 | ||
Texas Instruments Inc. | 1.375% | 3/12/25 | 20,456 | 20,926 | ||
Verisk Analytics Inc. | 4.125% | 9/12/22 | 11,090 | 11,691 | ||
Verisk Analytics Inc. | 4.000% | 6/15/25 | 18,951 | 21,078 | ||
VMware Inc. | 2.950% | 8/21/22 | 44,044 | 45,521 | ||
VMware Inc. | 4.500% | 5/15/25 | 18,839 | 21,216 | ||
Xilinx Inc. | 2.950% | 6/1/24 | 15,528 | 16,580 | ||
3,821,294 | ||||||
Utilities (4.89%) | ||||||
AEP Texas Inc. | 2.400% | 10/1/22 | 6,175 | 6,346 | ||
2,3 | AES Corp. | 1.375% | 1/15/26 | 17,100 | 16,910 | |
2 | Alabama Power Co. | 2.450% | 3/30/22 | 13,115 | 13,386 | |
2 | Alabama Power Co. | 3.550% | 12/1/23 | 5,980 | 6,479 | |
Ameren Corp. | 2.500% | 9/15/24 | 9,594 | 10,152 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Ameren Corp. | 3.650% | 2/15/26 | 5,312 | 5,893 | ||
Ameren Illinois Co. | 2.700% | 9/1/22 | 5,292 | 5,448 | ||
Ameren Illinois Co. | 3.250% | 3/1/25 | 4,827 | 5,234 | ||
2 | American Electric Power Co. Inc. | 2.950% | 12/15/22 | 21,318 | 22,069 | |
2 | American Electric Power Co. Inc. | 0.750% | 11/1/23 | 2,000 | 1,999 | |
2 | American Electric Power Co. Inc. | 1.000% | 11/1/25 | 2,000 | 1,980 | |
American Water Capital Corp. | 3.850% | 3/1/24 | 4,311 | 4,687 | ||
American Water Capital Corp. | 3.400% | 3/1/25 | 13,517 | 14,708 | ||
Appalachian Power Co. | 3.400% | 6/1/25 | 3,582 | 3,889 | ||
Arizona Public Service Co. | 3.150% | 5/15/25 | 5,789 | 6,271 | ||
Avangrid Inc. | 3.150% | 12/1/24 | 14,071 | 15,238 | ||
Avangrid Inc. | 3.200% | 4/15/25 | 13,834 | 14,939 | ||
Baltimore Gas & Electric Co. | 3.350% | 7/1/23 | 7,940 | 8,427 | ||
Berkshire Hathaway Energy Co. | 2.800% | 1/15/23 | 9,989 | 10,422 | ||
Berkshire Hathaway Energy Co. | 3.750% | 11/15/23 | 9,669 | 10,445 | ||
Berkshire Hathaway Energy Co. | 3.500% | 2/1/25 | 7,690 | 8,385 | ||
2,3 | Berkshire Hathaway Energy Co. | 4.050% | 4/15/25 | 25,670 | 28,583 | |
Black Hills Corp. | 4.250% | 11/30/23 | 6,157 | 6,716 | ||
Black Hills Corp. | 3.950% | 1/15/26 | 7,900 | 8,845 | ||
CenterPoint Energy Houston Electric LLC | 2.250% | 8/1/22 | 3,687 | 3,769 | ||
CenterPoint Energy Inc. | 3.600% | 11/1/21 | 7,515 | 7,676 | ||
CenterPoint Energy Inc. | 2.500% | 9/1/22 | 9,427 | 9,697 | ||
CenterPoint Energy Inc. | 3.850% | 2/1/24 | 4,124 | 4,474 | ||
CenterPoint Energy Inc. | 2.500% | 9/1/24 | 10,662 | 11,233 | ||
CenterPoint Energy Resources Corp. | 3.550% | 4/1/23 | 6,879 | 7,316 | ||
Cleveland Electric Illuminating Co. | 5.500% | 8/15/24 | 2,300 | 2,628 | ||
Connecticut Light & Power Co. | 2.500% | 1/15/23 | 12,269 | 12,704 | ||
2 | Connecticut Light & Power Co. | 0.750% | 12/1/25 | 8,100 | 7,981 | |
2 | Consolidated Edison Inc. | 0.650% | 12/1/23 | 5,000 | 4,999 | |
Consumers Energy Co. | 0.350% | 6/1/23 | 2,200 | 2,201 | ||
Consumers Energy Co. | 3.375% | 8/15/23 | 10,053 | 10,712 | ||
Delmarva Power & Light Co. | 3.500% | 11/15/23 | 7,254 | 7,822 | ||
2 | Dominion Energy Inc. | 2.750% | 9/15/22 | 5,503 | 5,663 | |
Dominion Energy Inc. | 3.071% | 8/15/24 | 7,250 | 7,784 | ||
2 | Dominion Energy Inc. | 3.300% | 3/15/25 | 11,282 | 12,242 | |
Dominion Energy Inc. | 3.900% | 10/1/25 | 20,368 | 22,687 | ||
2 | Dominion Energy Inc. | 5.750% | 10/1/54 | 9,825 | 10,746 | |
DTE Electric Co. | 3.650% | 3/15/24 | 7,081 | 7,667 | ||
DTE Electric Co. | 3.375% | 3/1/25 | 8,075 | 8,796 | ||
2 | DTE Energy Co. | 2.600% | 6/15/22 | 5,090 | 5,228 | |
2 | DTE Energy Co. | 3.300% | 6/15/22 | 5,882 | 6,067 | |
2 | DTE Energy Co. | 0.550% | 11/1/22 | 10,791 | 10,804 | |
DTE Energy Co. | 2.250% | 11/1/22 | 14,438 | 14,866 | ||
2 | DTE Energy Co. | 3.700% | 8/1/23 | 11,975 | 12,861 | |
2 | DTE Energy Co. | 3.850% | 12/1/23 | 7,656 | 8,287 | |
2 | DTE Energy Co. | 3.500% | 6/1/24 | 9,478 | 10,251 | |
2 | DTE Energy Co. | 2.529% | 10/1/24 | 20,531 | 21,716 | |
2 | DTE Energy Co. | 1.050% | 6/1/25 | 19,601 | 19,450 | |
DTE Energy Co. | 2.850% | 10/1/26 | 7,500 | 8,084 | ||
Duke Energy Carolinas LLC | 3.350% | 5/15/22 | 7,994 | 8,287 | ||
Duke Energy Carolinas LLC | 2.500% | 3/15/23 | 11,928 | 12,413 | ||
Duke Energy Carolinas LLC | 3.050% | 3/15/23 | 7,120 | 7,516 | ||
Duke Energy Corp. | 1.800% | 9/1/21 | 11,608 | 11,680 | ||
Duke Energy Corp. | 2.400% | 8/15/22 | 9,314 | 9,564 | ||
Duke Energy Corp. | 3.050% | 8/15/22 | 8,000 | 8,252 | ||
Duke Energy Corp. | 3.950% | 10/15/23 | 9,613 | 10,404 | ||
Duke Energy Corp. | 3.750% | 4/15/24 | 19,327 | 20,963 | ||
Duke Energy Corp. | 0.900% | 9/15/25 | 10,125 | 10,024 | ||
Duke Energy Corp. | 2.650% | 9/1/26 | 5,000 | 5,298 | ||
Duke Energy Ohio Inc. | 3.800% | 9/1/23 | 8,286 | 8,905 | ||
Duke Energy Progress LLC | 2.800% | 5/15/22 | 12,741 | 13,044 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Duke Energy Progress LLC | 3.375% | 9/1/23 | 6,209 | 6,639 | ||
Duke Energy Progress LLC | 3.250% | 8/15/25 | 7,610 | 8,296 | ||
Eastern Energy Gas Holdings LLC | 3.550% | 11/1/23 | 6,565 | 7,038 | ||
2 | Eastern Energy Gas Holdings LLC | 2.500% | 11/15/24 | 9,201 | 9,752 | |
Eastern Energy Gas Holdings LLC | 3.600% | 12/15/24 | 9,565 | 10,377 | ||
Edison International | 2.400% | 9/15/22 | 8,921 | 9,109 | ||
Edison International | 3.125% | 11/15/22 | 5,051 | 5,217 | ||
Edison International | 2.950% | 3/15/23 | 6,049 | 6,271 | ||
Edison International | 3.550% | 11/15/24 | 11,944 | 12,910 | ||
Edison International | 4.950% | 4/15/25 | 6,989 | 7,851 | ||
Enel Generacion Chile SA | 4.250% | 4/15/24 | 5,465 | 5,904 | ||
Entergy Arkansas LLC | 3.700% | 6/1/24 | 5,491 | 6,001 | ||
Entergy Corp. | 4.000% | 7/15/22 | 16,809 | 17,529 | ||
Entergy Corp. | 0.900% | 9/15/25 | 20,440 | 20,084 | ||
Entergy Gulf States Louisiana LLC | 5.590% | 10/1/24 | 4,821 | 5,654 | ||
Entergy Louisiana LLC | 4.050% | 9/1/23 | 8,284 | 8,944 | ||
Entergy Louisiana LLC | 0.620% | 11/17/23 | 9,800 | 9,822 | ||
Entergy Louisiana LLC | 5.400% | 11/1/24 | 6,506 | 7,611 | ||
Evergy Inc. | 2.450% | 9/15/24 | 14,179 | 14,885 | ||
Evergy Metro Inc. | 3.150% | 3/15/23 | 5,772 | 6,056 | ||
Evergy Metro Inc. | 3.650% | 8/15/25 | 705 | 782 | ||
2 | Eversource Energy | 2.750% | 3/15/22 | 8,481 | 8,678 | |
Eversource Energy | 2.800% | 5/1/23 | 7,555 | 7,884 | ||
2 | Eversource Energy | 3.800% | 12/1/23 | 6,440 | 6,983 | |
2 | Eversource Energy | 2.900% | 10/1/24 | 9,016 | 9,655 | |
2 | Eversource Energy | 3.150% | 1/15/25 | 7,454 | 7,994 | |
2 | Eversource Energy | 0.800% | 8/15/25 | 7,089 | 6,979 | |
Exelon Corp. | 3.497% | 6/1/22 | 24,334 | 25,180 | ||
2 | Exelon Corp. | 3.950% | 6/15/25 | 28,711 | 31,870 | |
Exelon Generation Co. LLC | 3.400% | 3/15/22 | 6,040 | 6,210 | ||
Exelon Generation Co. LLC | 4.250% | 6/15/22 | 15,819 | 16,430 | ||
Exelon Generation Co. LLC | 3.250% | 6/1/25 | 18,781 | 20,147 | ||
Florida Power & Light Co. | 2.750% | 6/1/23 | 5,618 | 5,839 | ||
Florida Power & Light Co. | 3.250% | 6/1/24 | 9,425 | 10,133 | ||
Florida Power & Light Co. | 2.850% | 4/1/25 | 21,802 | 23,377 | ||
Florida Power & Light Co. | 3.125% | 12/1/25 | 16,181 | 17,621 | ||
Georgia Power Co. | 2.850% | 5/15/22 | 7,492 | 7,710 | ||
2 | Georgia Power Co. | 2.100% | 7/30/23 | 29,663 | 30,720 | |
2 | Georgia Power Co. | 2.200% | 9/15/24 | 10,765 | 11,268 | |
Iberdrola International BV | 5.810% | 3/15/25 | 2,735 | 3,149 | ||
Interstate Power & Light Co. | 3.250% | 12/1/24 | 9,442 | 10,227 | ||
IPALCO Enterprises Inc. | 3.700% | 9/1/24 | 7,828 | 8,356 | ||
ITC Holdings Corp. | 2.700% | 11/15/22 | 10,247 | 10,628 | ||
ITC Holdings Corp. | 3.650% | 6/15/24 | 8,343 | 9,030 | ||
2 | Louisville Gas & Electric Co. | 3.300% | 10/1/25 | 3,541 | 3,865 | |
MidAmerican Energy Co. | 3.500% | 10/15/24 | 15,129 | 16,631 | ||
National Fuel Gas Co. | 3.750% | 3/1/23 | 6,475 | 6,797 | ||
National Fuel Gas Co. | 5.200% | 7/15/25 | 9,246 | 10,388 | ||
National Fuel Gas Co. | 5.500% | 1/15/26 | 5,208 | 6,027 | ||
National Rural Utilities Cooperative Finance Corp. | 2.400% | 4/25/22 | 13,097 | 13,392 | ||
2 | National Rural Utilities Cooperative Finance Corp. | 2.300% | 9/15/22 | 7,684 | 7,906 | |
National Rural Utilities Cooperative Finance Corp. | 2.700% | 2/15/23 | 6,425 | 6,685 | ||
National Rural Utilities Cooperative Finance Corp. | 3.400% | 11/15/23 | 8,973 | 9,632 | ||
National Rural Utilities Cooperative Finance Corp. | 2.950% | 2/7/24 | 11,076 | 11,808 | ||
National Rural Utilities Cooperative Finance Corp. | 0.350% | 2/8/24 | 10,000 | 9,982 | ||
National Rural Utilities Cooperative Finance Corp. | 2.850% | 1/27/25 | 12,354 | 13,130 | ||
2 | National Rural Utilities Cooperative Finance Corp. | 3.250% | 11/1/25 | 11,424 | 12,448 | |
2 | National Rural Utilities Cooperative Finance Corp. | 4.750% | 4/30/43 | 6,220 | 6,477 | |
NextEra Energy Capital Holdings Inc. | 2.900% | 4/1/22 | 29,893 | 30,695 | ||
NextEra Energy Capital Holdings Inc. | 1.950% | 9/1/22 | 3,941 | 4,034 | ||
NextEra Energy Capital Holdings Inc. | 2.800% | 1/15/23 | 7,097 | 7,392 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
NextEra Energy Capital Holdings Inc. | 3.150% | 4/1/24 | 26,925 | 28,835 | ||
NextEra Energy Capital Holdings Inc. | 2.750% | 5/1/25 | 34,185 | 36,349 | ||
NiSource Inc. | 0.950% | 8/15/25 | 22,661 | 22,370 | ||
Northern States Power Co. | 2.150% | 8/15/22 | 4,025 | 4,096 | ||
Northern States Power Co. | 2.600% | 5/15/23 | 13,561 | 14,076 | ||
NSTAR Electric Co. | 2.375% | 10/15/22 | 8,943 | 9,193 | ||
2 | Ohio Power Co. | 5.375% | 10/1/21 | 7,629 | 7,855 | |
Oncor Electric Delivery Co. LLC | 4.100% | 6/1/22 | 6,492 | 6,727 | ||
Oncor Electric Delivery Co. LLC | 7.000% | 9/1/22 | 700 | 768 | ||
Oncor Electric Delivery Co. LLC | 2.750% | 6/1/24 | 14,730 | 15,711 | ||
Oncor Electric Delivery Co. LLC | 2.950% | 4/1/25 | 5,853 | 6,300 | ||
2,3 | Oncor Electric Delivery Co. LLC | 0.550% | 10/1/25 | 8,000 | 7,833 | |
ONE Gas Inc. | 3.610% | 2/1/24 | 4,097 | 4,421 | ||
Pacific Gas & Electric Co. | 1.750% | 6/16/22 | 39,606 | 39,714 | ||
Pacific Gas & Electric Co. | 4.250% | 8/1/23 | 8,925 | 9,605 | ||
Pacific Gas & Electric Co. | 3.850% | 11/15/23 | 17,720 | 18,875 | ||
Pacific Gas & Electric Co. | 3.750% | 2/15/24 | 5,900 | 6,290 | ||
Pacific Gas & Electric Co. | 3.500% | 6/15/25 | 11,729 | 12,610 | ||
Pacific Gas & Electric Co. | 3.450% | 7/1/25 | 30,572 | 32,904 | ||
Pacific Gas & Electric Co. | 3.150% | 1/1/26 | 42,900 | 45,574 | ||
PacifiCorp | 2.950% | 6/1/23 | 4,296 | 4,515 | ||
PacifiCorp | 3.600% | 4/1/24 | 5,835 | 6,340 | ||
PECO Energy Co. | 2.375% | 9/15/22 | 6,215 | 6,380 | ||
PECO Energy Co. | 3.150% | 10/15/25 | 1,522 | 1,653 | ||
Pinnacle West Capital Corp. | 1.300% | 6/15/25 | 10,765 | 10,832 | ||
Potomac Electric Power Co. | 3.600% | 3/15/24 | 4,861 | 5,264 | ||
PPL Capital Funding Inc. | 4.200% | 6/15/22 | 13,898 | 14,431 | ||
PPL Capital Funding Inc. | 3.500% | 12/1/22 | 8,584 | 8,962 | ||
PPL Capital Funding Inc. | 3.400% | 6/1/23 | 9,494 | 10,033 | ||
PPL Capital Funding Inc. | 3.950% | 3/15/24 | 7,036 | 7,640 | ||
Progress Energy Inc. | 3.150% | 4/1/22 | 7,654 | 7,829 | ||
PSEG Power LLC | 3.850% | 6/1/23 | 15,464 | 16,565 | ||
Public Service Co. of Colorado | 2.250% | 9/15/22 | 9,231 | 9,417 | ||
Public Service Co. of New Hampshire | 3.500% | 11/1/23 | 10,382 | 11,154 | ||
2 | Public Service Electric & Gas Co. | 2.375% | 5/15/23 | 11,003 | 11,453 | |
2 | Public Service Electric & Gas Co. | 3.250% | 9/1/23 | 3,499 | 3,737 | |
2 | Public Service Electric & Gas Co. | 3.000% | 5/15/25 | 5,286 | 5,672 | |
Public Service Enterprise Group Inc. | 2.650% | 11/15/22 | 12,719 | 13,184 | ||
Public Service Enterprise Group Inc. | 2.875% | 6/15/24 | 21,642 | 23,055 | ||
Public Service Enterprise Group Inc. | 0.800% | 8/15/25 | 10,688 | 10,517 | ||
Puget Energy Inc. | 5.625% | 7/15/22 | 6,176 | 6,519 | ||
Puget Energy Inc. | 3.650% | 5/15/25 | 10,432 | 11,339 | ||
2 | San Diego Gas & Electric Co. | 3.600% | 9/1/23 | 8,145 | 8,709 | |
Sempra Energy | 2.875% | 10/1/22 | 15,021 | 15,495 | ||
Sempra Energy | 2.900% | 2/1/23 | 13,113 | 13,691 | ||
Sempra Energy | 4.050% | 12/1/23 | 8,330 | 9,053 | ||
Sempra Energy | 3.550% | 6/15/24 | 10,863 | 11,743 | ||
Sempra Energy | 3.750% | 11/15/25 | 8,522 | 9,425 | ||
2 | Southern California Edison Co. | 3.400% | 6/1/23 | 9,280 | 9,750 | |
2 | Southern California Edison Co. | 3.500% | 10/1/23 | 11,350 | 12,157 | |
2 | Southern California Edison Co. | 3.700% | 8/1/25 | 19,396 | 21,310 | |
2 | Southern California Edison Co. | 1.200% | 2/1/26 | 7,200 | 7,170 | |
Southern California Gas Co. | 3.150% | 9/15/24 | 8,395 | 9,079 | ||
Southern California Gas Co. | 3.200% | 6/15/25 | 2,933 | 3,185 | ||
Southern Co. | 2.950% | 7/1/23 | 16,487 | 17,364 | ||
2 | Southern Co. | 0.600% | 2/26/24 | 11,700 | 11,657 | |
2 | Southern Co. | 4.000% | 1/15/51 | 26,650 | 28,125 | |
2 | Southern Co. | 5.500% | 3/15/57 | 6,700 | 6,834 | |
Southern Co. Gas Capital Corp. | 2.450% | 10/1/23 | 13,616 | 14,237 | ||
Southern Power Co. | 4.150% | 12/1/25 | 4,566 | 5,137 | ||
Southern Power Co. | 0.900% | 1/15/26 | 6,000 | 5,912 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Southwestern Public Service Co. | 3.300% | 6/15/24 | 5,367 | 5,741 | ||
Tucson Electric Power Co. | 3.050% | 3/15/25 | 4,600 | 4,933 | ||
Union Electric Co. | 3.500% | 4/15/24 | 6,218 | 6,717 | ||
Virginia Electric & Power Co. | 3.450% | 9/1/22 | 8,702 | 9,035 | ||
2 | Virginia Electric & Power Co. | 2.750% | 3/15/23 | 26,717 | 27,833 | |
Virginia Electric & Power Co. | 3.450% | 2/15/24 | 5,871 | 6,309 | ||
2 | Virginia Electric & Power Co. | 3.100% | 5/15/25 | 2,633 | 2,828 | |
2 | Virginia Electric & Power Co. | 3.150% | 1/15/26 | 24,856 | 26,998 | |
WEC Energy Group Inc. | 0.550% | 9/15/23 | 7,133 | 7,145 | ||
WEC Energy Group Inc. | 3.550% | 6/15/25 | 10,091 | 11,051 | ||
Wisconsin Electric Power Co. | 2.050% | 12/15/24 | 8,282 | 8,723 | ||
Xcel Energy Inc. | 0.500% | 10/15/23 | 7,146 | 7,151 | ||
Xcel Energy Inc. | 3.300% | 6/1/25 | 10,709 | 11,588 | ||
2,202,983 | ||||||
Total Corporate Bonds (Cost $43,840,233) | 44,806,146 | |||||
Shares | ||||||
Temporary Cash Investments (0.14%) | ||||||
Money Market Fund (0.14%) | ||||||
5 | Vanguard Market Liquidity Fund (Cost $62,931) | 0.099% | 629,313 | 62,931 | ||
Total Investments (99.59%) (Cost $43,931,024) | 44,896,898 | |||||
Other Assets and Liabilities—Net (0.41%) | 186,823 | |||||
Net Assets (100%) | 45,083,721 |
Cost is in $000. | |
1 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2021. |
2 | The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called. |
3 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2021, the aggregate value of these securities was $621,502,000, representing 1.4% of net assets. |
4 | Securities with a value of $888,000 have been segregated as initial margin for open futures contracts. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
REIT—Real Estate Investment Trust. |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
U.S. Government and Agency Obligations (0.00%) | ||||||
U.S. Government Securities (0.00%) | ||||||
United States Treasury Note/Bond (Cost $367) | 0.375% | 1/31/26 | 375 | 369 | ||
Corporate Bonds (99.14%) | ||||||
Communications (7.81%) | ||||||
Activision Blizzard Inc. | 3.400% | 9/15/26 | 17,790 | 19,801 | ||
Activision Blizzard Inc. | 3.400% | 6/15/27 | 10,337 | 11,519 | ||
Activision Blizzard Inc. | 1.350% | 9/15/30 | 11,137 | 10,410 | ||
Alphabet Inc. | 1.998% | 8/15/26 | 52,003 | 54,671 | ||
Alphabet Inc. | 0.800% | 8/15/27 | 21,595 | 20,989 | ||
Alphabet Inc. | 1.100% | 8/15/30 | 44,631 | 42,074 | ||
America Movil SAB de CV | 3.625% | 4/22/29 | 18,940 | 20,898 | ||
America Movil SAB de CV | 2.875% | 5/7/30 | 28,600 | 30,072 | ||
AT&T Inc. | 3.800% | 2/15/27 | 18,376 | 20,624 | ||
AT&T Inc. | 4.250% | 3/1/27 | 32,088 | 36,649 | ||
AT&T Inc. | 2.300% | 6/1/27 | 51,844 | 53,627 | ||
AT&T Inc. | 1.650% | 2/1/28 | 49,419 | 48,523 | ||
1 | AT&T Inc. | 4.100% | 2/15/28 | 39,474 | 44,991 | |
AT&T Inc. | 4.350% | 3/1/29 | 70,700 | 81,258 | ||
1 | AT&T Inc. | 4.300% | 2/15/30 | 72,251 | 82,716 | |
Baidu Inc. | 1.720% | 4/9/26 | 5,100 | 5,118 | ||
Baidu Inc. | 3.625% | 7/6/27 | 9,725 | 10,753 | ||
Baidu Inc. | 4.375% | 3/29/28 | 8,475 | 9,622 | ||
Baidu Inc. | 4.875% | 11/14/28 | 18,425 | 21,572 | ||
Baidu Inc. | 3.425% | 4/7/30 | 9,714 | 10,456 | ||
Booking Holdings Inc. | 3.600% | 6/1/26 | 24,409 | 27,012 | ||
Booking Holdings Inc. | 4.500% | 4/13/27 | 15,927 | 18,632 | ||
Booking Holdings Inc. | 3.550% | 3/15/28 | 12,848 | 14,324 | ||
Booking Holdings Inc. | 4.625% | 4/13/30 | 30,958 | 36,943 | ||
British Telecommunications plc | 5.125% | 12/4/28 | 9,384 | 11,278 | ||
British Telecommunications plc | 9.625% | 12/15/30 | 61,092 | 96,762 | ||
Charter Communications Operating LLC | 3.750% | 2/15/28 | 24,045 | 26,381 | ||
Charter Communications Operating LLC | 4.200% | 3/15/28 | 31,400 | 35,165 | ||
Charter Communications Operating LLC | 5.050% | 3/30/29 | 23,096 | 27,063 | ||
Comcast Corp. | 3.150% | 3/1/26 | 38,884 | 42,471 | ||
Comcast Corp. | 2.350% | 1/15/27 | 44,847 | 47,185 | ||
Comcast Corp. | 3.300% | 2/1/27 | 35,695 | 39,484 | ||
Comcast Corp. | 3.300% | 4/1/27 | 14,676 | 16,219 | ||
Comcast Corp. | 3.150% | 2/15/28 | 42,636 | 46,585 | ||
Comcast Corp. | 3.550% | 5/1/28 | 11,708 | 13,043 | ||
Comcast Corp. | 4.150% | 10/15/28 | 81,180 | 94,291 | ||
Comcast Corp. | 2.650% | 2/1/30 | 50,965 | 53,403 | ||
Comcast Corp. | 3.400% | 4/1/30 | 47,278 | 52,201 | ||
Comcast Corp. | 4.250% | 10/15/30 | 26,496 | 31,249 | ||
Comcast Corp. | 1.950% | 1/15/31 | 34,148 | 33,520 | ||
Comcast Corp. | 1.500% | 2/15/31 | 39,615 | 37,379 | ||
Deutsche Telekom International Finance BV | 8.750% | 6/15/30 | 79,152 | 119,822 | ||
Discovery Communications LLC | 4.900% | 3/11/26 | 12,059 | 13,914 | ||
Discovery Communications LLC | 3.950% | 3/20/28 | 47,609 | 53,141 | ||
Discovery Communications LLC | 4.125% | 5/15/29 | 25,174 | 28,512 | ||
Discovery Communications LLC | 3.625% | 5/15/30 | 25,574 | 28,107 | ||
Electronic Arts Inc. | 4.800% | 3/1/26 | 3,968 | 4,621 | ||
Electronic Arts Inc. | 1.850% | 2/15/31 | 17,800 | 17,353 | ||
1,2 | Expedia Group Inc. | 4.625% | 8/1/27 | 17,524 | 19,539 | |
Expedia Group Inc. | 3.800% | 2/15/28 | 28,528 | 30,581 | ||
Expedia Group Inc. | 3.250% | 2/15/30 | 22,562 | 23,112 | ||
Fox Corp. | 4.709% | 1/25/29 | 45,627 | 53,404 | ||
Fox Corp. | 3.500% | 4/8/30 | 15,642 | 16,982 | ||
Interpublic Group of Cos. Inc. | 4.650% | 10/1/28 | 5,472 | 6,427 | ||
Interpublic Group of Cos. Inc. | 4.750% | 3/30/30 | 16,737 | 19,935 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Interpublic Group of Cos. Inc. | 2.400% | 3/1/31 | 9,000 | 9,015 | ||
Juniper Networks Inc. | 2.000% | 12/10/30 | 14,069 | 13,337 | ||
Koninklijke KPN NV | 8.375% | 10/1/30 | 13,600 | 19,269 | ||
Omnicom Group Inc. | 3.600% | 4/15/26 | 34,201 | 37,956 | ||
Omnicom Group Inc. | 2.450% | 4/30/30 | 12,534 | 12,740 | ||
Omnicom Group Inc. | 4.200% | 6/1/30 | 14,242 | 16,451 | ||
Orange SA | 9.000% | 3/1/31 | 3,700 | 5,876 | ||
Rogers Communications Inc. | 2.900% | 11/15/26 | 7,385 | 8,019 | ||
TCI Communications Inc. | 7.125% | 2/15/28 | 6,440 | 8,606 | ||
Telefonica Emisiones SA | 4.103% | 3/8/27 | 41,393 | 46,904 | ||
Telefonica Europe BV | 8.250% | 9/15/30 | 29,734 | 43,366 | ||
TELUS Corp. | 2.800% | 2/16/27 | 9,188 | 9,969 | ||
TELUS Corp. | 3.700% | 9/15/27 | 4,287 | 4,863 | ||
Tencent Music Entertainment Group | 2.000% | 9/3/30 | 15,300 | 14,737 | ||
Thomson Reuters Corp. | 3.350% | 5/15/26 | 10,761 | 11,792 | ||
1,2 | T-Mobile USA Inc. | 3.750% | 4/15/27 | 109,747 | 120,976 | |
1,2 | T-Mobile USA Inc. | 2.050% | 2/15/28 | 43,412 | 43,245 | |
1,2 | T-Mobile USA Inc. | 3.875% | 4/15/30 | 163,418 | 179,938 | |
1,2 | T-Mobile USA Inc. | 2.550% | 2/15/31 | 41,320 | 41,175 | |
1 | TWDC Enterprises 18 Corp. | 1.850% | 7/30/26 | 28,886 | 29,823 | |
1 | TWDC Enterprises 18 Corp. | 2.950% | 6/15/27 | 13,964 | 15,316 | |
Verizon Communications Inc. | 2.625% | 8/15/26 | 67,145 | 71,606 | ||
Verizon Communications Inc. | 4.125% | 3/16/27 | 63,795 | 73,581 | ||
Verizon Communications Inc. | 3.000% | 3/22/27 | 22,563 | 24,383 | ||
Verizon Communications Inc. | 4.329% | 9/21/28 | 89,751 | 103,972 | ||
Verizon Communications Inc. | 3.875% | 2/8/29 | 15,715 | 17,793 | ||
Verizon Communications Inc. | 4.016% | 12/3/29 | 88,146 | 100,625 | ||
Verizon Communications Inc. | 3.150% | 3/22/30 | 39,520 | 42,147 | ||
Verizon Communications Inc. | 1.500% | 9/18/30 | 21,171 | 19,934 | ||
1,2 | Verizon Communications Inc. | 1.680% | 10/30/30 | 33,751 | 31,943 | |
Verizon Communications Inc. | 1.750% | 1/20/31 | 51,000 | 48,368 | ||
ViacomCBS Inc. | 2.900% | 1/15/27 | 25,368 | 26,877 | ||
ViacomCBS Inc. | 3.375% | 2/15/28 | 12,276 | 13,324 | ||
ViacomCBS Inc. | 3.700% | 6/1/28 | 13,176 | 14,543 | ||
ViacomCBS Inc. | 4.200% | 6/1/29 | 17,518 | 20,021 | ||
ViacomCBS Inc. | 7.875% | 7/30/30 | 9,657 | 13,724 | ||
ViacomCBS Inc. | 4.950% | 1/15/31 | 27,355 | 32,932 | ||
Vodafone Group plc | 4.375% | 5/30/28 | 74,343 | 86,935 | ||
Vodafone Group plc | 7.875% | 2/15/30 | 11,561 | 16,477 | ||
Walt Disney Co. | 3.375% | 11/15/26 | 11,087 | 12,311 | ||
Walt Disney Co. | 3.700% | 3/23/27 | 15,085 | 17,101 | ||
Walt Disney Co. | 2.200% | 1/13/28 | 26,686 | 27,626 | ||
Walt Disney Co. | 2.000% | 9/1/29 | 44,138 | 44,704 | ||
Walt Disney Co. | 3.800% | 3/22/30 | 26,788 | 30,521 | ||
Walt Disney Co. | 2.650% | 1/13/31 | 50,197 | 52,579 | ||
Weibo Corp. | 3.375% | 7/8/30 | 14,655 | 14,835 | ||
3,524,618 | ||||||
Consumer Discretionary (6.02%) | ||||||
Advance Auto Parts Inc. | 1.750% | 10/1/27 | 4,348 | 4,365 | ||
Advance Auto Parts Inc. | 3.900% | 4/15/30 | 15,681 | 17,474 | ||
Alibaba Group Holding Ltd. | 3.400% | 12/6/27 | 38,069 | 41,588 | ||
Alibaba Group Holding Ltd. | 2.125% | 2/9/31 | 9,000 | 8,748 | ||
Amazon.com Inc. | 1.200% | 6/3/27 | 46,344 | 46,045 | ||
Amazon.com Inc. | 3.150% | 8/22/27 | 63,822 | 70,736 | ||
Amazon.com Inc. | 1.500% | 6/3/30 | 46,251 | 44,981 | ||
1 | American Honda Finance Corp. | 2.300% | 9/9/26 | 8,205 | 8,675 | |
1 | American Honda Finance Corp. | 2.350% | 1/8/27 | 14,277 | 15,113 | |
1 | American Honda Finance Corp. | 3.500% | 2/15/28 | 8,929 | 10,013 | |
1 | American Honda Finance Corp. | 1.800% | 1/13/31 | 17,000 | 16,540 | |
Aptiv plc | 4.350% | 3/15/29 | 6,205 | 7,090 | ||
AutoNation Inc. | 3.800% | 11/15/27 | 11,048 | 12,161 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
AutoNation Inc. | 4.750% | 6/1/30 | 9,361 | 11,031 | ||
AutoZone Inc. | 3.125% | 4/21/26 | 7,491 | 8,104 | ||
AutoZone Inc. | 3.750% | 6/1/27 | 12,403 | 13,914 | ||
AutoZone Inc. | 3.750% | 4/18/29 | 21,166 | 23,466 | ||
AutoZone Inc. | 4.000% | 4/15/30 | 15,182 | 17,282 | ||
AutoZone Inc. | 1.650% | 1/15/31 | 12,465 | 11,766 | ||
Best Buy Co. Inc. | 4.450% | 10/1/28 | 10,810 | 12,485 | ||
Best Buy Co. Inc. | 1.950% | 10/1/30 | 15,159 | 14,644 | ||
Block Financial LLC | 3.875% | 8/15/30 | 13,857 | 14,462 | ||
BorgWarner Inc. | 3.375% | 3/15/25 | 1 | 1 | ||
BorgWarner Inc. | 2.650% | 7/1/27 | 24,550 | 25,977 | ||
Choice Hotels International Inc. | 3.700% | 12/1/29 | 3,719 | 3,955 | ||
Cintas Corp. No. 2 | 3.700% | 4/1/27 | 17,912 | 20,245 | ||
1,2 | Daimler Finance North America LLC | 3.100% | 8/15/29 | 20,342 | 21,624 | |
Daimler Finance North America LLC | 8.500% | 1/18/31 | 19,998 | 30,524 | ||
1,2,3 | Daimler Finance North America LLC | 2.450% | 3/2/31 | 3,000 | 3,029 | |
Darden Restaurants Inc. | 3.850% | 5/1/27 | 10,233 | 11,153 | ||
DR Horton Inc. | 1.400% | 10/15/27 | 11,550 | 11,427 | ||
eBay Inc. | 3.600% | 6/5/27 | 17,307 | 19,367 | ||
eBay Inc. | 2.700% | 3/11/30 | 32,283 | 33,468 | ||
1 | Emory University | 2.143% | 9/1/30 | 8,827 | 8,950 | |
Fortune Brands Home & Security Inc. | 3.250% | 9/15/29 | 16,229 | 17,413 | ||
General Motors Co. | 4.200% | 10/1/27 | 21,937 | 24,513 | ||
General Motors Co. | 6.800% | 10/1/27 | 26,973 | 34,178 | ||
General Motors Co. | 5.000% | 10/1/28 | 20,143 | 23,485 | ||
General Motors Financial Co. Inc. | 5.250% | 3/1/26 | 22,220 | 25,608 | ||
General Motors Financial Co. Inc. | 4.000% | 10/6/26 | 35,944 | 40,025 | ||
General Motors Financial Co. Inc. | 4.350% | 1/17/27 | 28,969 | 32,655 | ||
General Motors Financial Co. Inc. | 2.700% | 8/20/27 | 8,869 | 9,219 | ||
General Motors Financial Co. Inc. | 3.850% | 1/5/28 | 12,551 | 13,709 | ||
General Motors Financial Co. Inc. | 5.650% | 1/17/29 | 16,478 | 20,122 | ||
General Motors Financial Co. Inc. | 3.600% | 6/21/30 | 21,246 | 22,957 | ||
General Motors Financial Co. Inc. | 2.350% | 1/8/31 | 21,075 | 20,548 | ||
Genuine Parts Co. | 1.875% | 11/1/30 | 11,389 | 10,826 | ||
Global Payments Inc. | 1.200% | 3/1/26 | 12,000 | 11,914 | ||
Hasbro Inc. | 3.550% | 11/19/26 | 15,281 | 16,720 | ||
Hasbro Inc. | 3.500% | 9/15/27 | 7,497 | 8,141 | ||
Hasbro Inc. | 3.900% | 11/19/29 | 24,609 | 27,095 | ||
Home Depot Inc. | 3.000% | 4/1/26 | 27,235 | 29,652 | ||
Home Depot Inc. | 2.125% | 9/15/26 | 21,509 | 22,675 | ||
Home Depot Inc. | 2.500% | 4/15/27 | 37,783 | 40,371 | ||
Home Depot Inc. | 2.800% | 9/14/27 | 26,505 | 28,862 | ||
Home Depot Inc. | 0.900% | 3/15/28 | 7,549 | 7,319 | ||
Home Depot Inc. | 3.900% | 12/6/28 | 12,123 | 13,992 | ||
Home Depot Inc. | 2.950% | 6/15/29 | 30,496 | 33,085 | ||
Home Depot Inc. | 2.700% | 4/15/30 | 32,115 | 34,204 | ||
Home Depot Inc. | 1.375% | 3/15/31 | 8,000 | 7,572 | ||
Hyatt Hotels Corp. | 4.850% | 3/15/26 | 11,244 | 12,524 | ||
Hyatt Hotels Corp. | 4.375% | 9/15/28 | 12,767 | 13,893 | ||
Hyatt Hotels Corp. | 5.750% | 4/23/30 | 8,375 | 9,960 | ||
JD.com Inc. | 3.875% | 4/29/26 | 12,875 | 14,180 | ||
JD.com Inc. | 3.375% | 1/14/30 | 13,535 | 14,375 | ||
Las Vegas Sands Corp. | 3.500% | 8/18/26 | 22,651 | 23,941 | ||
Las Vegas Sands Corp. | 3.900% | 8/8/29 | 17,913 | 18,978 | ||
Lear Corp. | 3.800% | 9/15/27 | 11,628 | 12,829 | ||
Lear Corp. | 4.250% | 5/15/29 | 9,790 | 10,922 | ||
Lear Corp. | 3.500% | 5/30/30 | 8,977 | 9,581 | ||
Leggett & Platt Inc. | 3.500% | 11/15/27 | 9,097 | 9,770 | ||
Leggett & Platt Inc. | 4.400% | 3/15/29 | 14,161 | 16,022 | ||
Leland Stanford Junior University | 1.289% | 6/1/27 | 3,675 | 3,715 | ||
Lennar Corp. | 5.250% | 6/1/26 | 11,700 | 13,632 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Lennar Corp. | 4.750% | 11/29/27 | 33,045 | 38,386 | ||
Lowe's Cos. Inc. | 2.500% | 4/15/26 | 41,825 | 44,438 | ||
Lowe's Cos. Inc. | 3.100% | 5/3/27 | 19,173 | 21,152 | ||
Lowe's Cos. Inc. | 1.300% | 4/15/28 | 18,454 | 17,888 | ||
Lowe's Cos. Inc. | 3.650% | 4/5/29 | 40,641 | 45,585 | ||
Lowe's Cos. Inc. | 4.500% | 4/15/30 | 27,030 | 31,952 | ||
Lowe's Cos. Inc. | 1.700% | 10/15/30 | 28,233 | 27,105 | ||
Magna International Inc. | 2.450% | 6/15/30 | 17,151 | 17,775 | ||
1 | Marriott International Inc. | 3.125% | 6/15/26 | 14,485 | 15,222 | |
1 | Marriott International Inc. | 4.000% | 4/15/28 | 10,569 | 11,401 | |
1 | Marriott International Inc. | 4.650% | 12/1/28 | 4,950 | 5,560 | |
1 | Marriott International Inc. | 4.625% | 6/15/30 | 31,800 | 36,230 | |
Masco Corp. | 4.375% | 4/1/26 | 9,876 | 11,380 | ||
Masco Corp. | 3.500% | 11/15/27 | 6,160 | 6,893 | ||
3 | Masco Corp. | 1.500% | 2/15/28 | 15,000 | 14,758 | |
Masco Corp. | 2.000% | 10/1/30 | 7,098 | 6,960 | ||
3 | Masco Corp. | 2.000% | 2/15/31 | 14,500 | 14,193 | |
1 | McDonald's Corp. | 3.500% | 3/1/27 | 12,141 | 13,491 | |
1 | McDonald's Corp. | 3.500% | 7/1/27 | 21,583 | 24,064 | |
1 | McDonald's Corp. | 3.800% | 4/1/28 | 26,212 | 29,676 | |
1 | McDonald's Corp. | 2.625% | 9/1/29 | 32,022 | 33,471 | |
1 | McDonald's Corp. | 2.125% | 3/1/30 | 13,235 | 13,313 | |
1 | McDonald's Corp. | 3.600% | 7/1/30 | 21,855 | 24,446 | |
Mohawk Industries Inc. | 3.625% | 5/15/30 | 10,750 | 11,858 | ||
NIKE Inc. | 2.375% | 11/1/26 | 10,825 | 11,479 | ||
NIKE Inc. | 2.750% | 3/27/27 | 32,356 | 34,954 | ||
NIKE Inc. | 2.850% | 3/27/30 | 21,008 | 22,717 | ||
NVR Inc. | 3.000% | 5/15/30 | 19,075 | 20,287 | ||
O'Reilly Automotive Inc. | 3.550% | 3/15/26 | 10,123 | 11,189 | ||
O'Reilly Automotive Inc. | 3.600% | 9/1/27 | 13,186 | 14,723 | ||
O'Reilly Automotive Inc. | 4.350% | 6/1/28 | 19,675 | 22,855 | ||
O'Reilly Automotive Inc. | 3.900% | 6/1/29 | 10,912 | 12,275 | ||
O'Reilly Automotive Inc. | 4.200% | 4/1/30 | 10,980 | 12,663 | ||
Owens Corning | 3.400% | 8/15/26 | 7,863 | 8,594 | ||
Owens Corning | 3.950% | 8/15/29 | 11,825 | 13,291 | ||
Owens Corning | 3.875% | 6/1/30 | 6,531 | 7,304 | ||
PulteGroup Inc. | 5.500% | 3/1/26 | 10,950 | 12,866 | ||
PulteGroup Inc. | 5.000% | 1/15/27 | 18,871 | 22,103 | ||
Ralph Lauren Corp. | 2.950% | 6/15/30 | 17,522 | 18,573 | ||
Ross Stores Inc. | 0.875% | 4/15/26 | 5,347 | 5,259 | ||
Ross Stores Inc. | 4.700% | 4/15/27 | 5,000 | 5,771 | ||
Sands China Ltd. | 5.400% | 8/8/28 | 48,386 | 56,007 | ||
Sands China Ltd. | 4.375% | 6/18/30 | 12,700 | 13,843 | ||
Snap-on Inc. | 3.250% | 3/1/27 | 2,815 | 3,085 | ||
Stanley Black & Decker Inc. | 3.400% | 3/1/26 | 11,914 | 13,177 | ||
Stanley Black & Decker Inc. | 4.250% | 11/15/28 | 12,888 | 15,044 | ||
Stanley Black & Decker Inc. | 2.300% | 3/15/30 | 12,589 | 12,924 | ||
Starbucks Corp. | 2.450% | 6/15/26 | 14,317 | 15,162 | ||
Starbucks Corp. | 2.000% | 3/12/27 | 11,338 | 11,742 | ||
Starbucks Corp. | 3.500% | 3/1/28 | 8,172 | 9,070 | ||
Starbucks Corp. | 4.000% | 11/15/28 | 19,632 | 22,510 | ||
Starbucks Corp. | 3.550% | 8/15/29 | 21,737 | 24,303 | ||
Starbucks Corp. | 2.250% | 3/12/30 | 12,634 | 12,817 | ||
Starbucks Corp. | 2.550% | 11/15/30 | 33,460 | 34,673 | ||
Steelcase Inc. | 5.125% | 1/18/29 | 10,115 | 11,962 | ||
Tapestry Inc. | 4.125% | 7/15/27 | 13,626 | 14,951 | ||
TJX Cos. Inc. | 2.250% | 9/15/26 | 26,150 | 27,643 | ||
TJX Cos. Inc. | 3.750% | 4/15/27 | 20,725 | 23,432 | ||
TJX Cos. Inc. | 1.150% | 5/15/28 | 11,565 | 11,196 | ||
TJX Cos. Inc. | 3.875% | 4/15/30 | 20,356 | 23,349 | ||
Toyota Motor Corp. | 3.669% | 7/20/28 | 10,767 | 12,213 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Toyota Motor Corp. | 2.760% | 7/2/29 | 8,475 | 9,104 | ||
1 | Toyota Motor Credit Corp. | 3.200% | 1/11/27 | 22,237 | 24,565 | |
1 | Toyota Motor Credit Corp. | 1.150% | 8/13/27 | 13,627 | 13,374 | |
1 | Toyota Motor Credit Corp. | 3.050% | 1/11/28 | 10,042 | 10,935 | |
Toyota Motor Credit Corp. | 3.650% | 1/8/29 | 10,710 | 12,161 | ||
1 | Toyota Motor Credit Corp. | 2.150% | 2/13/30 | 17,973 | 18,468 | |
1 | Toyota Motor Credit Corp. | 3.375% | 4/1/30 | 11,058 | 12,240 | |
1 | Toyota Motor Credit Corp. | 1.650% | 1/10/31 | 15,095 | 14,576 | |
Tractor Supply Co. | 1.750% | 11/1/30 | 14,342 | 13,783 | ||
VF Corp. | 2.800% | 4/23/27 | 13,027 | 13,986 | ||
VF Corp. | 2.950% | 4/23/30 | 15,462 | 16,486 | ||
Whirlpool Corp. | 4.750% | 2/26/29 | 19,343 | 22,869 | ||
1 | Yale University | 1.482% | 4/15/30 | 8,427 | 8,293 | |
2,715,628 | ||||||
Consumer Staples (6.82%) | ||||||
Ahold Finance USA LLC | 6.875% | 5/1/29 | 11,026 | 14,779 | ||
Altria Group Inc. | 4.400% | 2/14/26 | 7,000 | 7,965 | ||
Altria Group Inc. | 2.625% | 9/16/26 | 14,319 | 15,146 | ||
Altria Group Inc. | 4.800% | 2/14/29 | 45,113 | 52,839 | ||
Altria Group Inc. | 3.400% | 5/6/30 | 17,165 | 18,363 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.000% | 4/13/28 | 71,910 | 81,218 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.750% | 1/23/29 | 86,462 | 102,138 | ||
Anheuser-Busch InBev Worldwide Inc. | 3.500% | 6/1/30 | 43,474 | 48,072 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.900% | 1/23/31 | 12,285 | 15,020 | ||
Archer-Daniels-Midland Co. | 2.500% | 8/11/26 | 21,620 | 23,122 | ||
Archer-Daniels-Midland Co. | 3.250% | 3/27/30 | 13,322 | 14,768 | ||
BAT Capital Corp. | 3.215% | 9/6/26 | 33,255 | 35,590 | ||
BAT Capital Corp. | 4.700% | 4/2/27 | 23,194 | 26,549 | ||
BAT Capital Corp. | 3.557% | 8/15/27 | 59,300 | 64,250 | ||
BAT Capital Corp. | 2.259% | 3/25/28 | 45,977 | 45,801 | ||
BAT Capital Corp. | 3.462% | 9/6/29 | 24,040 | 25,530 | ||
BAT Capital Corp. | 4.906% | 4/2/30 | 16,595 | 19,211 | ||
BAT International Finance plc | 1.668% | 3/25/26 | 30,552 | 30,700 | ||
Bunge Ltd. Finance Corp. | 3.250% | 8/15/26 | 17,874 | 19,353 | ||
Bunge Ltd. Finance Corp. | 3.750% | 9/25/27 | 12,382 | 13,849 | ||
Campbell Soup Co. | 4.150% | 3/15/28 | 19,681 | 22,473 | ||
Campbell Soup Co. | 2.375% | 4/24/30 | 23,253 | 23,431 | ||
Church & Dwight Co. Inc. | 3.150% | 8/1/27 | 6,985 | 7,660 | ||
Clorox Co. | 3.100% | 10/1/27 | 6,477 | 7,126 | ||
Clorox Co. | 3.900% | 5/15/28 | 7,205 | 8,204 | ||
Clorox Co. | 1.800% | 5/15/30 | 12,716 | 12,487 | ||
Coca-Cola Co. | 2.550% | 6/1/26 | 16,876 | 18,188 | ||
Coca-Cola Co. | 2.250% | 9/1/26 | 38,310 | 40,801 | ||
Coca-Cola Co. | 3.375% | 3/25/27 | 19,671 | 22,010 | ||
Coca-Cola Co. | 2.900% | 5/25/27 | 7,617 | 8,322 | ||
Coca-Cola Co. | 1.450% | 6/1/27 | 32,096 | 32,255 | ||
Coca-Cola Co. | 1.000% | 3/15/28 | 25,748 | 24,821 | ||
Coca-Cola Co. | 2.125% | 9/6/29 | 19,782 | 20,212 | ||
Coca-Cola Co. | 3.450% | 3/25/30 | 26,804 | 30,175 | ||
Coca-Cola Co. | 1.650% | 6/1/30 | 21,429 | 20,961 | ||
Coca-Cola Femsa SAB de CV | 2.750% | 1/22/30 | 28,416 | 29,091 | ||
Conagra Brands Inc. | 1.375% | 11/1/27 | 18,063 | 17,699 | ||
Conagra Brands Inc. | 7.000% | 10/1/28 | 7,330 | 9,691 | ||
Conagra Brands Inc. | 4.850% | 11/1/28 | 43,255 | 51,523 | ||
Conagra Brands Inc. | 8.250% | 9/15/30 | 2,696 | 3,938 | ||
Constellation Brands Inc. | 3.700% | 12/6/26 | 24,156 | 27,001 | ||
Constellation Brands Inc. | 3.500% | 5/9/27 | 12,467 | 13,869 | ||
Constellation Brands Inc. | 3.600% | 2/15/28 | 13,508 | 15,017 | ||
Constellation Brands Inc. | 4.650% | 11/15/28 | 12,953 | 15,284 | ||
Constellation Brands Inc. | 3.150% | 8/1/29 | 23,735 | 25,406 | ||
Constellation Brands Inc. | 2.875% | 5/1/30 | 9,254 | 9,724 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Costco Wholesale Corp. | 3.000% | 5/18/27 | 28,168 | 31,011 | ||
Costco Wholesale Corp. | 1.375% | 6/20/27 | 28,263 | 28,487 | ||
Costco Wholesale Corp. | 1.600% | 4/20/30 | 37,424 | 36,567 | ||
Diageo Capital plc | 3.875% | 5/18/28 | 8,083 | 9,241 | ||
Diageo Capital plc | 2.375% | 10/24/29 | 24,841 | 25,744 | ||
Diageo Capital plc | 2.000% | 4/29/30 | 20,956 | 21,041 | ||
Dollar General Corp. | 3.875% | 4/15/27 | 12,216 | 13,842 | ||
Dollar General Corp. | 4.125% | 5/1/28 | 10,959 | 12,535 | ||
Dollar General Corp. | 3.500% | 4/3/30 | 30,597 | 33,573 | ||
Dollar Tree Inc. | 4.200% | 5/15/28 | 28,590 | 32,827 | ||
Estee Lauder Cos. Inc. | 3.150% | 3/15/27 | 6,745 | 7,447 | ||
Estee Lauder Cos. Inc. | 2.375% | 12/1/29 | 18,502 | 19,303 | ||
Estee Lauder Cos. Inc. | 2.600% | 4/15/30 | 15,412 | 16,295 | ||
Flowers Foods Inc. | 3.500% | 10/1/26 | 5,745 | 6,281 | ||
General Mills Inc. | 3.200% | 2/10/27 | 16,600 | 18,281 | ||
General Mills Inc. | 4.200% | 4/17/28 | 28,054 | 32,415 | ||
General Mills Inc. | 2.875% | 4/15/30 | 26,195 | 27,713 | ||
Hershey Co. | 2.300% | 8/15/26 | 15,707 | 16,687 | ||
Hershey Co. | 2.450% | 11/15/29 | 8,827 | 9,281 | ||
Hershey Co. | 1.700% | 6/1/30 | 7,852 | 7,731 | ||
Hormel Foods Corp. | 1.800% | 6/11/30 | 17,167 | 16,954 | ||
Ingredion Inc. | 3.200% | 10/1/26 | 13,337 | 14,579 | ||
Ingredion Inc. | 2.900% | 6/1/30 | 12,196 | 12,843 | ||
J M Smucker Co. | 3.375% | 12/15/27 | 10,564 | 11,774 | ||
J M Smucker Co. | 2.375% | 3/15/30 | 16,751 | 17,104 | ||
Kellogg Co. | 3.250% | 4/1/26 | 13,267 | 14,674 | ||
Kellogg Co. | 3.400% | 11/15/27 | 12,302 | 13,699 | ||
Kellogg Co. | 4.300% | 5/15/28 | 10,226 | 11,826 | ||
Kellogg Co. | 2.100% | 6/1/30 | 12,749 | 12,755 | ||
Keurig Dr Pepper Inc. | 2.550% | 9/15/26 | 11,191 | 11,917 | ||
Keurig Dr Pepper Inc. | 3.430% | 6/15/27 | 12,654 | 14,042 | ||
Keurig Dr Pepper Inc. | 4.597% | 5/25/28 | 44,836 | 52,687 | ||
Keurig Dr Pepper Inc. | 3.200% | 5/1/30 | 14,548 | 15,731 | ||
Kimberly-Clark Corp. | 1.050% | 9/15/27 | 14,817 | 14,567 | ||
Kimberly-Clark Corp. | 3.950% | 11/1/28 | 8,489 | 9,781 | ||
Kimberly-Clark Corp. | 3.200% | 4/25/29 | 12,779 | 14,079 | ||
Kimberly-Clark Corp. | 3.100% | 3/26/30 | 18,893 | 20,799 | ||
Kroger Co. | 3.500% | 2/1/26 | 624 | 689 | ||
Kroger Co. | 2.650% | 10/15/26 | 26,131 | 28,013 | ||
Kroger Co. | 3.700% | 8/1/27 | 7,866 | 8,917 | ||
Kroger Co. | 4.500% | 1/15/29 | 6,232 | 7,363 | ||
1 | Kroger Co. | 7.700% | 6/1/29 | 3,705 | 5,074 | |
Kroger Co. | 2.200% | 5/1/30 | 15,111 | 15,231 | ||
Kroger Co. | 1.700% | 1/15/31 | 13,760 | 13,223 | ||
McCormick & Co. Inc. | 3.400% | 8/15/27 | 10,381 | 11,536 | ||
McCormick & Co. Inc. | 2.500% | 4/15/30 | 23,835 | 24,554 | ||
McCormick & Co. Inc. | 1.850% | 2/15/31 | 1,500 | 1,458 | ||
Molson Coors Beverage Co. | 3.000% | 7/15/26 | 47,895 | 51,615 | ||
Mondelez International Inc. | 2.750% | 4/13/30 | 43,307 | 45,304 | ||
Mondelez International Inc. | 1.500% | 2/4/31 | 5,000 | 4,697 | ||
PepsiCo Inc. | 2.850% | 2/24/26 | 21,778 | 23,641 | ||
PepsiCo Inc. | 2.375% | 10/6/26 | 21,658 | 23,100 | ||
PepsiCo Inc. | 2.625% | 3/19/27 | 25,579 | 27,598 | ||
PepsiCo Inc. | 3.000% | 10/15/27 | 22,889 | 25,161 | ||
PepsiCo Inc. | 7.000% | 3/1/29 | 7,481 | 10,412 | ||
PepsiCo Inc. | 2.625% | 7/29/29 | 17,742 | 18,873 | ||
PepsiCo Inc. | 2.750% | 3/19/30 | 34,259 | 36,686 | ||
PepsiCo Inc. | 1.625% | 5/1/30 | 27,825 | 27,313 | ||
Philip Morris International Inc. | 0.875% | 5/1/26 | 19,864 | 19,559 | ||
Philip Morris International Inc. | 3.125% | 8/17/27 | 6,990 | 7,653 | ||
Philip Morris International Inc. | 3.125% | 3/2/28 | 14,479 | 15,732 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Philip Morris International Inc. | 3.375% | 8/15/29 | 13,588 | 14,971 | ||
Philip Morris International Inc. | 2.100% | 5/1/30 | 21,995 | 21,896 | ||
Philip Morris International Inc. | 1.750% | 11/1/30 | 12,625 | 12,165 | ||
Procter & Gamble Co. | 2.450% | 11/3/26 | 19,502 | 20,970 | ||
Procter & Gamble Co. | 2.800% | 3/25/27 | 18,862 | 20,543 | ||
Procter & Gamble Co. | 2.850% | 8/11/27 | 16,874 | 18,541 | ||
Procter & Gamble Co. | 3.000% | 3/25/30 | 33,703 | 36,968 | ||
Procter & Gamble Co. | 1.200% | 10/29/30 | 15,580 | 14,827 | ||
Sysco Corp. | 3.300% | 7/15/26 | 16,876 | 18,408 | ||
Sysco Corp. | 3.250% | 7/15/27 | 16,150 | 17,782 | ||
Sysco Corp. | 2.400% | 2/15/30 | 20,660 | 20,988 | ||
Sysco Corp. | 5.950% | 4/1/30 | 25,295 | 32,455 | ||
Target Corp. | 2.500% | 4/15/26 | 24,850 | 26,694 | ||
Target Corp. | 3.375% | 4/15/29 | 20,345 | 22,771 | ||
Target Corp. | 2.350% | 2/15/30 | 15,011 | 15,620 | ||
Target Corp. | 2.650% | 9/15/30 | 10,450 | 11,152 | ||
Tyson Foods Inc. | 4.000% | 3/1/26 | 19,810 | 22,274 | ||
Tyson Foods Inc. | 3.550% | 6/2/27 | 29,552 | 32,802 | ||
Tyson Foods Inc. | 4.350% | 3/1/29 | 22,731 | 26,354 | ||
Unilever Capital Corp. | 2.000% | 7/28/26 | 21,496 | 22,420 | ||
Unilever Capital Corp. | 2.900% | 5/5/27 | 23,705 | 25,774 | ||
Unilever Capital Corp. | 3.500% | 3/22/28 | 11,317 | 12,669 | ||
Unilever Capital Corp. | 2.125% | 9/6/29 | 33,379 | 34,301 | ||
Unilever Capital Corp. | 1.375% | 9/14/30 | 11,790 | 11,353 | ||
Walgreens Boots Alliance Inc. | 3.450% | 6/1/26 | 40,279 | 44,319 | ||
Walgreens Boots Alliance Inc. | 3.200% | 4/15/30 | 4,736 | 5,075 | ||
Walmart Inc. | 3.050% | 7/8/26 | 39,525 | 43,474 | ||
Walmart Inc. | 5.875% | 4/5/27 | 5,102 | 6,436 | ||
Walmart Inc. | 3.700% | 6/26/28 | 64,007 | 73,332 | ||
Walmart Inc. | 3.250% | 7/8/29 | 27,869 | 31,064 | ||
Walmart Inc. | 2.375% | 9/24/29 | 16,714 | 17,572 | ||
4 | Walmart Inc. | 7.550% | 2/15/30 | 5,517 | 8,067 | |
3,075,184 | ||||||
Energy (7.11%) | ||||||
Baker Hughes a GE Co. LLC | 3.337% | 12/15/27 | 26,558 | 29,155 | ||
Baker Hughes a GE Co. LLC | 3.138% | 11/7/29 | 11,638 | 12,553 | ||
Baker Hughes a GE Co. LLC | 4.486% | 5/1/30 | 20,371 | 23,918 | ||
Boardwalk Pipelines LP | 5.950% | 6/1/26 | 15,780 | 18,614 | ||
Boardwalk Pipelines LP | 4.450% | 7/15/27 | 9,297 | 10,512 | ||
Boardwalk Pipelines LP | 4.800% | 5/3/29 | 5,450 | 6,157 | ||
Boardwalk Pipelines LP | 3.400% | 2/15/31 | 8,585 | 8,855 | ||
1 | BP Capital Markets America Inc. | 3.119% | 5/4/26 | 27,860 | 30,261 | |
1 | BP Capital Markets America Inc. | 3.017% | 1/16/27 | 29,217 | 31,461 | |
BP Capital Markets America Inc. | 3.543% | 4/6/27 | 11,403 | 12,655 | ||
1 | BP Capital Markets America Inc. | 3.588% | 4/14/27 | 10,017 | 11,131 | |
BP Capital Markets America Inc. | 3.937% | 9/21/28 | 31,012 | 35,335 | ||
BP Capital Markets America Inc. | 4.234% | 11/6/28 | 42,576 | 49,329 | ||
BP Capital Markets America Inc. | 3.633% | 4/6/30 | 29,192 | 32,446 | ||
BP Capital Markets America Inc. | 1.749% | 8/10/30 | 15,633 | 15,085 | ||
BP Capital Markets plc | 3.279% | 9/19/27 | 30,789 | 33,704 | ||
BP Capital Markets plc | 3.723% | 11/28/28 | 17,939 | 20,171 | ||
Canadian Natural Resources Ltd. | 3.850% | 6/1/27 | 34,092 | 37,501 | ||
Canadian Natural Resources Ltd. | 2.950% | 7/15/30 | 14,356 | 14,686 | ||
Cenovus Energy Inc. | 4.250% | 4/15/27 | 34,502 | 37,650 | ||
Cheniere Corpus Christi Holdings LLC | 5.125% | 6/30/27 | 38,350 | 44,582 | ||
Cheniere Corpus Christi Holdings LLC | 3.700% | 11/15/29 | 41,259 | 44,601 | ||
Chevron Corp. | 2.954% | 5/16/26 | 47,954 | 51,953 | ||
Chevron Corp. | 1.995% | 5/11/27 | 30,364 | 31,412 | ||
Chevron Corp. | 2.236% | 5/11/30 | 32,334 | 32,941 | ||
Chevron USA Inc. | 3.850% | 1/15/28 | 16,243 | 18,550 | ||
Chevron USA Inc. | 3.250% | 10/15/29 | 20,793 | 23,107 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Cimarex Energy Co. | 3.900% | 5/15/27 | 18,117 | 19,861 | ||
Cimarex Energy Co. | 4.375% | 3/15/29 | 14,809 | 16,401 | ||
1,2 | ConocoPhillips | 3.750% | 10/1/27 | 27,791 | 31,325 | |
1,2 | ConocoPhillips | 4.300% | 8/15/28 | 22,118 | 25,646 | |
1,2 | ConocoPhillips | 2.400% | 2/15/31 | 18,087 | 18,319 | |
ConocoPhillips Co. | 4.950% | 3/15/26 | 28,069 | 32,892 | ||
ConocoPhillips Co. | 6.950% | 4/15/29 | 34,993 | 47,703 | ||
Diamondback Energy Inc. | 3.250% | 12/1/26 | 12,284 | 12,960 | ||
Diamondback Energy Inc. | 3.500% | 12/1/29 | 24,175 | 25,323 | ||
Enable Midstream Partners LP | 4.400% | 3/15/27 | 14,702 | 16,020 | ||
Enable Midstream Partners LP | 4.950% | 5/15/28 | 18,900 | 21,140 | ||
Enable Midstream Partners LP | 4.150% | 9/15/29 | 11,677 | 12,420 | ||
Enbridge Inc. | 4.250% | 12/1/26 | 17,889 | 20,398 | ||
Enbridge Inc. | 3.700% | 7/15/27 | 14,705 | 16,434 | ||
Enbridge Inc. | 3.125% | 11/15/29 | 28,249 | 30,133 | ||
Energy Transfer Operating LP | 4.200% | 4/15/27 | 15,107 | 16,202 | ||
Energy Transfer Operating LP | 5.500% | 6/1/27 | 20,546 | 23,910 | ||
Energy Transfer Operating LP | 4.950% | 6/15/28 | 25,056 | 28,219 | ||
Energy Transfer Operating LP | 5.250% | 4/15/29 | 37,550 | 43,323 | ||
Energy Transfer Operating LP | 3.750% | 5/15/30 | 36,862 | 38,613 | ||
Eni USA Inc. | 7.300% | 11/15/27 | 1,329 | 1,740 | ||
Enterprise Products Operating LLC | 3.950% | 2/15/27 | 11,677 | 13,242 | ||
Enterprise Products Operating LLC | 4.150% | 10/16/28 | 16,444 | 18,903 | ||
Enterprise Products Operating LLC | 3.125% | 7/31/29 | 48,413 | 51,890 | ||
Enterprise Products Operating LLC | 2.800% | 1/31/30 | 16,454 | 17,196 | ||
1 | Enterprise Products Operating LLC | 5.250% | 8/16/77 | 13,731 | 13,662 | |
1 | Enterprise Products Operating LLC | 5.375% | 2/15/78 | 21,745 | 21,528 | |
EOG Resources Inc. | 4.375% | 4/15/30 | 23,210 | 27,169 | ||
Exxon Mobil Corp. | 3.043% | 3/1/26 | 64,777 | 70,202 | ||
Exxon Mobil Corp. | 2.275% | 8/16/26 | 44,147 | 46,486 | ||
Exxon Mobil Corp. | 3.294% | 3/19/27 | 8,055 | 8,930 | ||
Exxon Mobil Corp. | 2.440% | 8/16/29 | 19,818 | 20,590 | ||
Exxon Mobil Corp. | 3.482% | 3/19/30 | 37,517 | 41,494 | ||
Exxon Mobil Corp. | 2.610% | 10/15/30 | 43,072 | 44,971 | ||
Halliburton Co. | 2.920% | 3/1/30 | 26,107 | 26,597 | ||
Hess Corp. | 4.300% | 4/1/27 | 26,077 | 28,815 | ||
Hess Corp. | 7.875% | 10/1/29 | 7,923 | 10,587 | ||
HollyFrontier Corp. | 5.875% | 4/1/26 | 21,379 | 24,105 | ||
HollyFrontier Corp. | 4.500% | 10/1/30 | 5,365 | 5,636 | ||
Husky Energy Inc. | 4.400% | 4/15/29 | 15,938 | 17,472 | ||
Kinder Morgan Inc. | 4.300% | 3/1/28 | 23,403 | 26,703 | ||
Kinder Morgan Inc. | 2.000% | 2/15/31 | 10,468 | 9,947 | ||
Magellan Midstream Partners LP | 5.000% | 3/1/26 | 12,177 | 13,902 | ||
Magellan Midstream Partners LP | 3.250% | 6/1/30 | 9,450 | 10,209 | ||
Marathon Oil Corp. | 4.400% | 7/15/27 | 21,246 | 24,023 | ||
Marathon Petroleum Corp. | 5.125% | 12/15/26 | 18,407 | 21,766 | ||
Marathon Petroleum Corp. | 3.800% | 4/1/28 | 16,205 | 17,765 | ||
MPLX LP | 1.750% | 3/1/26 | 31,639 | 31,758 | ||
MPLX LP | 4.125% | 3/1/27 | 30,512 | 33,945 | ||
MPLX LP | 4.250% | 12/1/27 | 16,159 | 18,401 | ||
MPLX LP | 4.000% | 3/15/28 | 29,581 | 32,909 | ||
MPLX LP | 4.800% | 2/15/29 | 24,323 | 28,154 | ||
MPLX LP | 2.650% | 8/15/30 | 26,076 | 25,652 | ||
Noble Energy Inc. | 3.850% | 1/15/28 | 100 | 109 | ||
NOV Inc. | 3.600% | 12/1/29 | 10,282 | 10,539 | ||
ONEOK Inc. | 4.000% | 7/13/27 | 14,568 | 15,985 | ||
ONEOK Inc. | 4.550% | 7/15/28 | 16,229 | 18,032 | ||
ONEOK Inc. | 4.350% | 3/15/29 | 24,802 | 27,492 | ||
ONEOK Inc. | 3.400% | 9/1/29 | 26,128 | 27,249 | ||
ONEOK Inc. | 3.100% | 3/15/30 | 15,360 | 15,697 | ||
ONEOK Inc. | 6.350% | 1/15/31 | 1,655 | 2,091 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Phillips 66 | 3.900% | 3/15/28 | 14,133 | 15,892 | ||
Phillips 66 | 2.150% | 12/15/30 | 22,923 | 22,306 | ||
Phillips 66 Partners LP | 3.550% | 10/1/26 | 9,423 | 10,159 | ||
Phillips 66 Partners LP | 3.750% | 3/1/28 | 13,525 | 14,460 | ||
Phillips 66 Partners LP | 3.150% | 12/15/29 | 14,642 | 14,846 | ||
Pioneer Natural Resources Co. | 1.900% | 8/15/30 | 25,061 | 24,087 | ||
Pioneer Natural Resources Co. | 2.150% | 1/15/31 | 20,550 | 19,988 | ||
Plains All American Pipeline LP | 4.500% | 12/15/26 | 20,180 | 22,406 | ||
Plains All American Pipeline LP | 3.550% | 12/15/29 | 21,493 | 22,029 | ||
Plains All American Pipeline LP | 3.800% | 9/15/30 | 18,451 | 19,109 | ||
Sabine Pass Liquefaction LLC | 5.875% | 6/30/26 | 12,166 | 14,492 | ||
Sabine Pass Liquefaction LLC | 5.000% | 3/15/27 | 42,486 | 49,124 | ||
Sabine Pass Liquefaction LLC | 4.200% | 3/15/28 | 36,771 | 41,138 | ||
Sabine Pass Liquefaction LLC | 4.500% | 5/15/30 | 57,047 | 65,249 | ||
Schlumberger Investment SA | 2.650% | 6/26/30 | 25,217 | 25,929 | ||
Shell International Finance BV | 2.875% | 5/10/26 | 31,568 | 34,114 | ||
Shell International Finance BV | 2.500% | 9/12/26 | 30,368 | 32,387 | ||
Shell International Finance BV | 3.875% | 11/13/28 | 23,764 | 27,060 | ||
Shell International Finance BV | 2.375% | 11/7/29 | 34,195 | 35,075 | ||
Shell International Finance BV | 2.750% | 4/6/30 | 39,841 | 41,903 | ||
Spectra Energy Partners LP | 3.375% | 10/15/26 | 13,929 | 15,184 | ||
Sunoco Logistics Partners Operations LP | 3.900% | 7/15/26 | 12,921 | 13,971 | ||
Sunoco Logistics Partners Operations LP | 4.000% | 10/1/27 | 17,033 | 18,460 | ||
TC PipeLines LP | 3.900% | 5/25/27 | 8,213 | 9,118 | ||
Tennessee Gas Pipeline Co. LLC | 7.000% | 3/15/27 | 4,088 | 5,107 | ||
Tennessee Gas Pipeline Co. LLC | 7.000% | 10/15/28 | 10,332 | 13,307 | ||
Total Capital International SA | 3.455% | 2/19/29 | 27,431 | 30,602 | ||
Total Capital International SA | 2.829% | 1/10/30 | 28,662 | 30,540 | ||
Total Capital SA | 3.883% | 10/11/28 | 15,668 | 17,940 | ||
TransCanada PipeLines Ltd. | 4.250% | 5/15/28 | 22,861 | 26,228 | ||
TransCanada PipeLines Ltd. | 4.100% | 4/15/30 | 40,153 | 45,921 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.000% | 3/15/28 | 12,364 | 13,875 | ||
Transcontinental Gas Pipe Line Co. LLC | 3.250% | 5/15/30 | 26,788 | 28,769 | ||
Valero Energy Corp. | 3.400% | 9/15/26 | 26,333 | 28,207 | ||
Valero Energy Corp. | 2.150% | 9/15/27 | 12,760 | 12,740 | ||
Valero Energy Corp. | 4.350% | 6/1/28 | 14,298 | 16,036 | ||
Valero Energy Corp. | 4.000% | 4/1/29 | 20,091 | 22,119 | ||
Valero Energy Partners LP | 4.375% | 12/15/26 | 13,931 | 15,753 | ||
Valero Energy Partners LP | 4.500% | 3/15/28 | 11,344 | 12,741 | ||
Williams Cos. Inc. | 3.750% | 6/15/27 | 38,090 | 42,221 | ||
Williams Cos. Inc. | 3.500% | 11/15/30 | 35,662 | 38,681 | ||
3 | Williams Cos. Inc. | 2.600% | 3/15/31 | 5,000 | 4,999 | |
WPX Energy Inc. | 5.750% | 6/1/26 | 8,225 | 8,636 | ||
WPX Energy Inc. | 5.250% | 10/15/27 | 13,200 | 14,124 | ||
WPX Energy Inc. | 5.875% | 6/15/28 | 9,474 | 10,350 | ||
WPX Energy Inc. | 4.500% | 1/15/30 | 19,900 | 21,194 | ||
3,207,686 | ||||||
Financials (29.63%) | ||||||
ACE Capital Trust II | 9.700% | 4/1/30 | 2,955 | 4,477 | ||
1 | Aegon NV | 5.500% | 4/11/48 | 15,630 | 17,701 | |
AerCap Ireland Capital DAC | 4.450% | 4/3/26 | 16,300 | 17,911 | ||
AerCap Ireland Capital DAC | 3.650% | 7/21/27 | 23,083 | 24,556 | ||
AerCap Ireland Capital DAC | 4.625% | 10/15/27 | 18,305 | 20,452 | ||
AerCap Ireland Capital DAC | 3.875% | 1/23/28 | 15,495 | 16,625 | ||
Affiliated Managers Group Inc. | 3.300% | 6/15/30 | 14,573 | 15,475 | ||
Aflac Inc. | 2.875% | 10/15/26 | 8,650 | 9,356 | ||
Aflac Inc. | 3.600% | 4/1/30 | 40,134 | 45,096 | ||
1 | Air Lease Corp. | 3.750% | 6/1/26 | 14,992 | 16,166 | |
Air Lease Corp. | 3.625% | 4/1/27 | 8,287 | 8,901 | ||
Air Lease Corp. | 3.625% | 12/1/27 | 11,368 | 12,111 | ||
Air Lease Corp. | 4.625% | 10/1/28 | 12,232 | 13,731 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Air Lease Corp. | 3.250% | 10/1/29 | 12,727 | 13,021 | ||
1 | Air Lease Corp. | 3.000% | 2/1/30 | 16,235 | 16,306 | |
Air Lease Corp. | 3.125% | 12/1/30 | 17,800 | 17,873 | ||
Aircastle Ltd. | 4.250% | 6/15/26 | 17,718 | 18,692 | ||
Alleghany Corp. | 3.625% | 5/15/30 | 10,825 | 11,962 | ||
Allstate Corp. | 3.280% | 12/15/26 | 10,530 | 11,762 | ||
Allstate Corp. | 1.450% | 12/15/30 | 11,575 | 11,025 | ||
American Equity Investment Life Holding Co. | 5.000% | 6/15/27 | 11,761 | 13,172 | ||
American Express Co. | 3.125% | 5/20/26 | 27,275 | 29,909 | ||
1 | American Express Credit Corp. | 3.300% | 5/3/27 | 45,365 | 50,392 | |
American Financial Group Inc. | 3.500% | 8/15/26 | 7,685 | 8,400 | ||
American Financial Group Inc. | 5.250% | 4/2/30 | 7,383 | 8,918 | ||
American International Group Inc. | 3.900% | 4/1/26 | 27,383 | 30,640 | ||
American International Group Inc. | 4.200% | 4/1/28 | 15,356 | 17,631 | ||
American International Group Inc. | 4.250% | 3/15/29 | 16,738 | 19,374 | ||
American International Group Inc. | 3.400% | 6/30/30 | 45,243 | 49,594 | ||
1 | American International Group Inc. | 5.750% | 4/1/48 | 13,926 | 15,806 | |
Ameriprise Financial Inc. | 2.875% | 9/15/26 | 18,695 | 20,219 | ||
1 | Andrew W Mellon Foundation | 0.947% | 8/1/27 | 3,660 | 3,597 | |
1 | Aon Corp. | 8.205% | 1/1/27 | 8,581 | 11,413 | |
Aon Corp. | 4.500% | 12/15/28 | 11,395 | 13,390 | ||
Aon Corp. | 3.750% | 5/2/29 | 15,379 | 17,297 | ||
Aon Corp. | 2.800% | 5/15/30 | 24,682 | 25,975 | ||
Arch Capital Finance LLC | 4.011% | 12/15/26 | 11,309 | 12,889 | ||
Ares Capital Corp. | 2.150% | 7/15/26 | 19,750 | 19,523 | ||
Assurant Inc. | 4.900% | 3/27/28 | 7,907 | 9,203 | ||
Assurant Inc. | 3.700% | 2/22/30 | 7,994 | 8,763 | ||
Athene Holding Ltd. | 4.125% | 1/12/28 | 23,236 | 25,662 | ||
Athene Holding Ltd. | 6.150% | 4/3/30 | 14,093 | 17,447 | ||
Athene Holding Ltd. | 3.500% | 1/15/31 | 17,124 | 17,862 | ||
AXA SA | 8.600% | 12/15/30 | 28,367 | 44,004 | ||
AXIS Specialty Finance LLC | 3.900% | 7/15/29 | 11,180 | 12,293 | ||
1 | AXIS Specialty Finance LLC | 4.900% | 1/15/40 | 6,051 | 6,250 | |
AXIS Specialty Finance plc | 4.000% | 12/6/27 | 7,249 | 8,232 | ||
Banco Santander SA | 4.250% | 4/11/27 | 22,939 | 26,210 | ||
Banco Santander SA | 3.800% | 2/23/28 | 20,226 | 22,333 | ||
Banco Santander SA | 4.379% | 4/12/28 | 25,405 | 29,050 | ||
Banco Santander SA | 3.306% | 6/27/29 | 13,858 | 15,128 | ||
Banco Santander SA | 3.490% | 5/28/30 | 35,308 | 38,141 | ||
Banco Santander SA | 2.749% | 12/3/30 | 36,650 | 35,994 | ||
1 | Bank of America Corp. | 4.450% | 3/3/26 | 42,160 | 48,227 | |
1 | Bank of America Corp. | 3.500% | 4/19/26 | 61,050 | 67,911 | |
Bank of America Corp. | 6.220% | 9/15/26 | 6,924 | 8,678 | ||
1 | Bank of America Corp. | 4.250% | 10/22/26 | 46,933 | 53,857 | |
1 | Bank of America Corp. | 3.559% | 4/23/27 | 60,485 | 66,702 | |
1 | Bank of America Corp. | 3.248% | 10/21/27 | 56,224 | 61,443 | |
1 | Bank of America Corp. | 4.183% | 11/25/27 | 59,274 | 67,148 | |
1 | Bank of America Corp. | 3.824% | 1/20/28 | 42,365 | 47,790 | |
1 | Bank of America Corp. | 3.705% | 4/24/28 | 59,067 | 66,139 | |
1 | Bank of America Corp. | 3.593% | 7/21/28 | 60,650 | 67,373 | |
1 | Bank of America Corp. | 3.419% | 12/20/28 | 141,862 | 156,475 | |
1 | Bank of America Corp. | 3.970% | 3/5/29 | 59,390 | 67,157 | |
1 | Bank of America Corp. | 4.271% | 7/23/29 | 82,516 | 95,511 | |
1 | Bank of America Corp. | 3.974% | 2/7/30 | 76,866 | 87,600 | |
1 | Bank of America Corp. | 3.194% | 7/23/30 | 69,335 | 74,806 | |
1 | Bank of America Corp. | 2.884% | 10/22/30 | 18,057 | 19,031 | |
1 | Bank of America Corp. | 2.496% | 2/13/31 | 74,363 | 76,134 | |
1 | Bank of America Corp. | 2.592% | 4/29/31 | 68,328 | 70,341 | |
1 | Bank of America Corp. | 1.898% | 7/23/31 | 49,597 | 47,957 | |
1 | Bank of America Corp. | 1.922% | 10/24/31 | 50,768 | 49,258 | |
1 | Bank of Montreal | 3.803% | 12/15/32 | 18,747 | 20,950 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
1 | Bank of New York Mellon Corp. | 2.800% | 5/4/26 | 28,440 | 30,774 | |
1 | Bank of New York Mellon Corp. | 2.450% | 8/17/26 | 23,025 | 24,470 | |
1 | Bank of New York Mellon Corp. | 3.250% | 5/16/27 | 18,757 | 20,854 | |
1 | Bank of New York Mellon Corp. | 3.400% | 1/29/28 | 16,633 | 18,578 | |
1 | Bank of New York Mellon Corp. | 3.442% | 2/7/28 | 24,531 | 27,510 | |
1 | Bank of New York Mellon Corp. | 3.850% | 4/28/28 | 3,798 | 4,372 | |
1 | Bank of New York Mellon Corp. | 3.000% | 10/30/28 | 6,689 | 7,259 | |
1 | Bank of New York Mellon Corp. | 3.300% | 8/23/29 | 15,308 | 16,878 | |
1 | Bank of New York Mellon Corp. | 1.650% | 1/28/31 | 14,800 | 14,421 | |
Bank of Nova Scotia | 2.700% | 8/3/26 | 36,001 | 38,645 | ||
BankUnited Inc. | 5.125% | 6/11/30 | 7,437 | 8,596 | ||
Barclays plc | 4.375% | 1/12/26 | 104 | 118 | ||
Barclays plc | 5.200% | 5/12/26 | 22,343 | 25,541 | ||
Barclays plc | 4.337% | 1/10/28 | 26,553 | 30,078 | ||
Barclays plc | 4.836% | 5/9/28 | 50,572 | 57,609 | ||
1 | Barclays plc | 4.972% | 5/16/29 | 34,777 | 40,796 | |
1 | Barclays plc | 5.088% | 6/20/30 | 22,930 | 26,516 | |
Barclays plc | 2.645% | 6/24/31 | 30,180 | 30,582 | ||
Barclays plc | 3.564% | 9/23/35 | 44,288 | 45,675 | ||
Berkshire Hathaway Finance Corp. | 1.850% | 3/12/30 | 12,590 | 12,619 | ||
Berkshire Hathaway Finance Corp. | 1.450% | 10/15/30 | 18,520 | 17,997 | ||
Berkshire Hathaway Inc. | 3.125% | 3/15/26 | 54,521 | 59,429 | ||
BlackRock Inc. | 3.200% | 3/15/27 | 17,903 | 19,916 | ||
BlackRock Inc. | 3.250% | 4/30/29 | 14,544 | 16,226 | ||
BlackRock Inc. | 2.400% | 4/30/30 | 22,823 | 23,825 | ||
BlackRock Inc. | 1.900% | 1/28/31 | 29,170 | 28,963 | ||
1,2 | Blackstone Secured Lending Fund | 3.625% | 1/15/26 | 191 | 198 | |
1 | BPCE SA | 3.375% | 12/2/26 | 7,550 | 8,381 | |
1,2 | BPCE SA | 3.250% | 1/11/28 | 3,975 | 4,278 | |
Brighthouse Financial Inc. | 3.700% | 6/22/27 | 25,362 | 27,568 | ||
Brighthouse Financial Inc. | 5.625% | 5/15/30 | 17,591 | 21,218 | ||
Brookfield Finance Inc. | 4.250% | 6/2/26 | 5,996 | 6,822 | ||
Brookfield Finance Inc. | 3.900% | 1/25/28 | 18,838 | 21,157 | ||
Brookfield Finance Inc. | 4.850% | 3/29/29 | 15,780 | 18,697 | ||
Brookfield Finance Inc. | 4.350% | 4/15/30 | 21,642 | 24,812 | ||
Brown & Brown Inc. | 4.500% | 3/15/29 | 7,634 | 8,822 | ||
Capital One Financial Corp. | 3.750% | 7/28/26 | 36,627 | 40,237 | ||
Capital One Financial Corp. | 3.750% | 3/9/27 | 38,916 | 43,586 | ||
Capital One Financial Corp. | 3.650% | 5/11/27 | 15,699 | 17,566 | ||
Capital One Financial Corp. | 3.800% | 1/31/28 | 34,845 | 39,052 | ||
Cboe Global Markets Inc. | 3.650% | 1/12/27 | 12,589 | 14,142 | ||
Cboe Global Markets Inc. | 1.625% | 12/15/30 | 14,125 | 13,590 | ||
Charles Schwab Corp. | 3.450% | 2/13/26 | 2,995 | 3,317 | ||
Charles Schwab Corp. | 0.900% | 3/11/26 | 16,000 | 15,843 | ||
Charles Schwab Corp. | 3.200% | 3/2/27 | 12,427 | 13,818 | ||
Charles Schwab Corp. | 3.200% | 1/25/28 | 18,961 | 20,889 | ||
Charles Schwab Corp. | 4.000% | 2/1/29 | 14,877 | 17,185 | ||
Charles Schwab Corp. | 3.250% | 5/22/29 | 16,723 | 18,440 | ||
Charles Schwab Corp. | 4.625% | 3/22/30 | 8,178 | 9,929 | ||
Chubb INA Holdings Inc. | 3.350% | 5/3/26 | 35,382 | 38,940 | ||
Chubb INA Holdings Inc. | 1.375% | 9/15/30 | 25,900 | 24,610 | ||
CI Financial Corp. | 3.200% | 12/17/30 | 17,250 | 17,319 | ||
1 | Cincinnati Financial Corp. | 6.920% | 5/15/28 | 6,497 | 8,369 | |
Citigroup Inc. | 4.600% | 3/9/26 | 27,583 | 31,645 | ||
Citigroup Inc. | 3.400% | 5/1/26 | 59,590 | 65,698 | ||
Citigroup Inc. | 3.200% | 10/21/26 | 53,684 | 58,380 | ||
Citigroup Inc. | 4.300% | 11/20/26 | 30,526 | 34,979 | ||
Citigroup Inc. | 4.450% | 9/29/27 | 93,937 | 108,127 | ||
1 | Citigroup Inc. | 3.887% | 1/10/28 | 67,499 | 75,666 | |
Citigroup Inc. | 6.625% | 1/15/28 | 8,177 | 10,552 | ||
1 | Citigroup Inc. | 3.668% | 7/24/28 | 67,856 | 75,307 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Citigroup Inc. | 4.125% | 7/25/28 | 55,683 | 63,130 | ||
1 | Citigroup Inc. | 3.520% | 10/27/28 | 50,875 | 56,275 | |
1 | Citigroup Inc. | 4.075% | 4/23/29 | 32,033 | 36,397 | |
1 | Citigroup Inc. | 3.980% | 3/20/30 | 34,980 | 39,556 | |
1 | Citigroup Inc. | 2.976% | 11/5/30 | 37,354 | 39,629 | |
1 | Citigroup Inc. | 2.666% | 1/29/31 | 44,912 | 45,936 | |
1 | Citigroup Inc. | 4.412% | 3/31/31 | 103,070 | 119,687 | |
1 | Citigroup Inc. | 2.572% | 6/3/31 | 79,121 | 80,374 | |
1 | Citizens Bank NA | 3.750% | 2/18/26 | 1,292 | 1,448 | |
Citizens Financial Group Inc. | 2.850% | 7/27/26 | 16,498 | 17,867 | ||
Citizens Financial Group Inc. | 2.500% | 2/6/30 | 14,627 | 15,061 | ||
Citizens Financial Group Inc. | 3.250% | 4/30/30 | 10,915 | 11,866 | ||
CME Group Inc. | 3.750% | 6/15/28 | 10,497 | 11,948 | ||
CNA Financial Corp. | 4.500% | 3/1/26 | 4,745 | 5,441 | ||
CNA Financial Corp. | 3.450% | 8/15/27 | 14,847 | 16,482 | ||
CNA Financial Corp. | 3.900% | 5/1/29 | 13,434 | 15,249 | ||
CNA Financial Corp. | 2.050% | 8/15/30 | 13,122 | 12,897 | ||
CNO Financial Group Inc. | 5.250% | 5/30/29 | 12,908 | 15,151 | ||
Comerica Inc. | 4.000% | 2/1/29 | 10,749 | 12,317 | ||
1 | Cooperatieve Rabobank UA | 3.750% | 7/21/26 | 34,443 | 38,201 | |
Credit Suisse Group AG | 4.550% | 4/17/26 | 46,838 | 54,142 | ||
Deutsche Bank AG | 4.100% | 1/13/26 | 171 | 187 | ||
1 | Deutsche Bank AG | 4.100% | 1/13/26 | 161 | 177 | |
1 | Deutsche Bank AG | 3.547% | 9/18/31 | 29,370 | 30,939 | |
1 | Discover Bank | 4.250% | 3/13/26 | 14,281 | 16,339 | |
1 | Discover Bank | 3.450% | 7/27/26 | 23,896 | 26,275 | |
1 | Discover Bank | 4.650% | 9/13/28 | 17,642 | 20,665 | |
1 | Discover Bank | 2.700% | 2/6/30 | 10,068 | 10,413 | |
Discover Financial Services | 4.100% | 2/9/27 | 40,088 | 45,253 | ||
E*TRADE Financial Corp. | 3.800% | 8/24/27 | 8,988 | 10,148 | ||
E*TRADE Financial Corp. | 4.500% | 6/20/28 | 9,757 | 11,320 | ||
Eaton Vance Corp. | 3.500% | 4/6/27 | 6,983 | 7,679 | ||
Enstar Group Ltd. | 4.950% | 6/1/29 | 16,159 | 18,358 | ||
Equitable Holdings Inc. | 7.000% | 4/1/28 | 5,285 | 6,775 | ||
Equitable Holdings Inc. | 4.350% | 4/20/28 | 33,345 | 38,068 | ||
Fairfax Financial Holdings Ltd. | 4.850% | 4/17/28 | 14,211 | 15,873 | ||
Fairfax Financial Holdings Ltd. | 4.625% | 4/29/30 | 14,315 | 15,747 | ||
Fidelity National Financial Inc. | 4.500% | 8/15/28 | 9,386 | 10,814 | ||
Fidelity National Financial Inc. | 3.400% | 6/15/30 | 15,964 | 17,042 | ||
Fifth Third Bancorp | 2.550% | 5/5/27 | 20,105 | 21,445 | ||
Fifth Third Bancorp | 3.950% | 3/14/28 | 14,102 | 16,375 | ||
1 | Fifth Third Bank NA | 3.850% | 3/15/26 | 19,113 | 21,378 | |
1 | Fifth Third Bank NA | 2.250% | 2/1/27 | 17,447 | 18,259 | |
First American Financial Corp. | 4.000% | 5/15/30 | 9,837 | 11,044 | ||
1 | First Horizon Bank | 5.750% | 5/1/30 | 9,550 | 11,730 | |
Franklin Resources Inc. | 1.600% | 10/30/30 | 17,751 | 16,795 | ||
FS KKR Capital Corp. | 3.400% | 1/15/26 | 760 | 758 | ||
GATX Corp. | 3.250% | 9/15/26 | 7,664 | 8,394 | ||
GATX Corp. | 3.850% | 3/30/27 | 10,037 | 11,257 | ||
GATX Corp. | 3.500% | 3/15/28 | 5,763 | 6,322 | ||
GATX Corp. | 4.550% | 11/7/28 | 8,170 | 9,554 | ||
GATX Corp. | 4.700% | 4/1/29 | 6,406 | 7,552 | ||
GATX Corp. | 4.000% | 6/30/30 | 15,846 | 18,070 | ||
1,2 | GE Capital Funding LLC | 4.050% | 5/15/27 | 16,221 | 18,290 | |
1,2 | GE Capital Funding LLC | 4.400% | 5/15/30 | 66,451 | 75,861 | |
Global Payments Inc. | 4.800% | 4/1/26 | 5,551 | 6,414 | ||
Global Payments Inc. | 4.450% | 6/1/28 | 8,439 | 9,775 | ||
Global Payments Inc. | 3.200% | 8/15/29 | 39,262 | 41,905 | ||
Global Payments Inc. | 2.900% | 5/15/30 | 25,846 | 26,887 | ||
Globe Life Inc. | 4.550% | 9/15/28 | 15,521 | 18,168 | ||
Globe Life Inc. | 2.150% | 8/15/30 | 6,775 | 6,659 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Goldman Sachs BDC Inc. | 2.875% | 1/15/26 | 454 | 463 | ||
Goldman Sachs Group Inc. | 3.750% | 2/25/26 | 35,105 | 39,181 | ||
Goldman Sachs Group Inc. | 3.500% | 11/16/26 | 35,176 | 38,653 | ||
Goldman Sachs Group Inc. | 5.950% | 1/15/27 | 18,581 | 22,906 | ||
Goldman Sachs Group Inc. | 3.850% | 1/26/27 | 76,818 | 85,849 | ||
1 | Goldman Sachs Group Inc. | 3.691% | 6/5/28 | 60,005 | 67,348 | |
1 | Goldman Sachs Group Inc. | 3.814% | 4/23/29 | 69,938 | 78,623 | |
1 | Goldman Sachs Group Inc. | 4.223% | 5/1/29 | 80,527 | 92,515 | |
Goldman Sachs Group Inc. | 2.600% | 2/7/30 | 45,009 | 46,783 | ||
Goldman Sachs Group Inc. | 3.800% | 3/15/30 | 64,342 | 72,830 | ||
Goldman Sachs Group Inc. | 1.992% | 1/27/32 | 50,425 | 49,023 | ||
Golub Capital BDC Inc. | 2.500% | 8/24/26 | 9,000 | 8,954 | ||
Hanover Insurance Group Inc. | 4.500% | 4/15/26 | 5,825 | 6,686 | ||
Hanover Insurance Group Inc. | 2.500% | 9/1/30 | 8,350 | 8,444 | ||
Hartford Financial Services Group Inc. | 2.800% | 8/19/29 | 13,775 | 14,541 | ||
HSBC Holdings plc | 4.300% | 3/8/26 | 61,623 | 70,132 | ||
HSBC Holdings plc | 3.900% | 5/25/26 | 65,988 | 73,719 | ||
HSBC Holdings plc | 4.375% | 11/23/26 | 35,393 | 40,270 | ||
HSBC Holdings plc | 1.589% | 5/24/27 | 54,648 | 54,708 | ||
1 | HSBC Holdings plc | 4.041% | 3/13/28 | 63,501 | 71,232 | |
1 | HSBC Holdings plc | 2.013% | 9/22/28 | 41,361 | 41,772 | |
1 | HSBC Holdings plc | 4.583% | 6/19/29 | 81,549 | 93,569 | |
HSBC Holdings plc | 4.950% | 3/31/30 | 60,516 | 72,864 | ||
1 | HSBC Holdings plc | 3.973% | 5/22/30 | 59,753 | 66,606 | |
1 | HSBC Holdings plc | 2.848% | 6/4/31 | 13,014 | 13,424 | |
1 | HSBC Holdings plc | 2.357% | 8/18/31 | 39,464 | 39,086 | |
Huntington Bancshares Inc. | 2.550% | 2/4/30 | 20,955 | 21,507 | ||
ING Groep NV | 3.950% | 3/29/27 | 38,091 | 43,244 | ||
ING Groep NV | 4.550% | 10/2/28 | 23,498 | 27,560 | ||
ING Groep NV | 4.050% | 4/9/29 | 13,859 | 15,850 | ||
Intercontinental Exchange Inc. | 3.100% | 9/15/27 | 11,005 | 12,146 | ||
Intercontinental Exchange Inc. | 3.750% | 9/21/28 | 16,789 | 18,810 | ||
Intercontinental Exchange Inc. | 2.100% | 6/15/30 | 20,881 | 20,798 | ||
Invesco Finance plc | 3.750% | 1/15/26 | 4,747 | 5,292 | ||
Jefferies Group LLC | 4.850% | 1/15/27 | 11,363 | 13,319 | ||
Jefferies Group LLC | 6.450% | 6/8/27 | 6,731 | 8,547 | ||
Jefferies Group LLC | 4.150% | 1/23/30 | 26,747 | 30,306 | ||
JPMorgan Chase & Co. | 3.875% | 9/10/24 | 1 | 1 | ||
JPMorgan Chase & Co. | 3.300% | 4/1/26 | 47,444 | 52,113 | ||
JPMorgan Chase & Co. | 3.200% | 6/15/26 | 31,292 | 34,264 | ||
JPMorgan Chase & Co. | 2.950% | 10/1/26 | 70,963 | 76,923 | ||
JPMorgan Chase & Co. | 7.625% | 10/15/26 | 14,613 | 19,432 | ||
JPMorgan Chase & Co. | 4.125% | 12/15/26 | 32,113 | 36,853 | ||
JPMorgan Chase & Co. | 1.040% | 2/4/27 | 82 | 81 | ||
JPMorgan Chase & Co. | 8.000% | 4/29/27 | 13,540 | 18,617 | ||
JPMorgan Chase & Co. | 4.250% | 10/1/27 | 36,110 | 41,750 | ||
JPMorgan Chase & Co. | 3.625% | 12/1/27 | 32,784 | 36,411 | ||
1 | JPMorgan Chase & Co. | 3.782% | 2/1/28 | 70,953 | 79,931 | |
1 | JPMorgan Chase & Co. | 3.540% | 5/1/28 | 71,759 | 79,947 | |
1 | JPMorgan Chase & Co. | 2.182% | 6/1/28 | 40,437 | 41,640 | |
1 | JPMorgan Chase & Co. | 3.509% | 1/23/29 | 64,493 | 70,713 | |
1 | JPMorgan Chase & Co. | 4.005% | 4/23/29 | 50,215 | 56,992 | |
1 | JPMorgan Chase & Co. | 4.203% | 7/23/29 | 56,952 | 65,773 | |
1 | JPMorgan Chase & Co. | 4.452% | 12/5/29 | 73,226 | 86,109 | |
1 | JPMorgan Chase & Co. | 3.702% | 5/6/30 | 70,758 | 79,313 | |
1 | JPMorgan Chase & Co. | 8.750% | 9/1/30 | 1,293 | 1,939 | |
1 | JPMorgan Chase & Co. | 2.739% | 10/15/30 | 76,384 | 80,107 | |
1 | JPMorgan Chase & Co. | 4.493% | 3/24/31 | 76,225 | 90,435 | |
1 | JPMorgan Chase & Co. | 2.522% | 4/22/31 | 84,040 | 85,889 | |
1 | JPMorgan Chase & Co. | 2.956% | 5/13/31 | 55,824 | 58,274 | |
JPMorgan Chase & Co. | 1.764% | 11/19/31 | 35,500 | 34,070 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
JPMorgan Chase & Co. | 1.953% | 2/4/32 | 23,000 | 22,455 | ||
Kemper Corp. | 2.400% | 9/30/30 | 8,385 | 8,199 | ||
1 | KeyBank NA | 3.400% | 5/20/26 | 18,137 | 19,973 | |
1 | KeyBank NA | 6.950% | 2/1/28 | 8,553 | 10,890 | |
1 | KeyBank NA | 3.900% | 4/13/29 | 5,681 | 6,410 | |
1 | KeyCorp | 2.250% | 4/6/27 | 21,984 | 23,034 | |
1 | KeyCorp | 4.100% | 4/30/28 | 8,398 | 9,674 | |
1 | KeyCorp | 2.550% | 10/1/29 | 18,258 | 19,031 | |
Lazard Group LLC | 3.625% | 3/1/27 | 12,110 | 13,229 | ||
Lazard Group LLC | 4.500% | 9/19/28 | 13,746 | 16,003 | ||
Lazard Group LLC | 4.375% | 3/11/29 | 10,025 | 11,431 | ||
Legg Mason Inc. | 4.750% | 3/15/26 | 8,572 | 10,010 | ||
Lincoln National Corp. | 3.625% | 12/12/26 | 11,968 | 13,384 | ||
Lincoln National Corp. | 3.800% | 3/1/28 | 12,236 | 13,786 | ||
Lincoln National Corp. | 3.050% | 1/15/30 | 8,156 | 8,707 | ||
Lincoln National Corp. | 3.400% | 1/15/31 | 10,575 | 11,575 | ||
Lloyds Banking Group plc | 4.650% | 3/24/26 | 33,227 | 37,837 | ||
Lloyds Banking Group plc | 3.750% | 1/11/27 | 32,817 | 36,508 | ||
Lloyds Banking Group plc | 4.375% | 3/22/28 | 35,233 | 40,527 | ||
Lloyds Banking Group plc | 4.550% | 8/16/28 | 23,224 | 27,095 | ||
1 | Lloyds Banking Group plc | 3.574% | 11/7/28 | 34,434 | 37,905 | |
Loews Corp. | 3.750% | 4/1/26 | 6,702 | 7,474 | ||
Loews Corp. | 3.200% | 5/15/30 | 14,446 | 15,808 | ||
Main Street Capital Corp. | 3.000% | 7/14/26 | 6,800 | 6,807 | ||
1 | Manufacturers & Traders Trust Co. | 3.400% | 8/17/27 | 12,228 | 13,610 | |
Manulife Financial Corp. | 4.150% | 3/4/26 | 21,777 | 24,910 | ||
Manulife Financial Corp. | 2.484% | 5/19/27 | 16,652 | 17,498 | ||
1 | Manulife Financial Corp. | 4.061% | 2/24/32 | 10,925 | 11,982 | |
Markel Corp. | 3.500% | 11/1/27 | 6,061 | 6,711 | ||
Markel Corp. | 3.350% | 9/17/29 | 6,765 | 7,320 | ||
Marsh & McLennan Cos. Inc. | 3.750% | 3/14/26 | 10,530 | 11,732 | ||
Marsh & McLennan Cos. Inc. | 4.375% | 3/15/29 | 39,273 | 46,041 | ||
Marsh & McLennan Cos. Inc. | 2.250% | 11/15/30 | 7,540 | 7,615 | ||
Mastercard Inc. | 2.950% | 11/21/26 | 14,785 | 16,109 | ||
Mastercard Inc. | 3.300% | 3/26/27 | 30,588 | 33,940 | ||
Mastercard Inc. | 3.500% | 2/26/28 | 11,634 | 13,008 | ||
Mastercard Inc. | 2.950% | 6/1/29 | 15,207 | 16,458 | ||
Mastercard Inc. | 3.350% | 3/26/30 | 37,049 | 41,353 | ||
Mercury General Corp. | 4.400% | 3/15/27 | 5,842 | 6,554 | ||
MetLife Inc. | 4.550% | 3/23/30 | 22,834 | 27,352 | ||
Mitsubishi UFJ Financial Group Inc. | 3.850% | 3/1/26 | 18,931 | 21,313 | ||
Mitsubishi UFJ Financial Group Inc. | 2.757% | 9/13/26 | 27,160 | 29,147 | ||
Mitsubishi UFJ Financial Group Inc. | 3.677% | 2/22/27 | 12,845 | 14,503 | ||
Mitsubishi UFJ Financial Group Inc. | 3.287% | 7/25/27 | 28,082 | 31,359 | ||
Mitsubishi UFJ Financial Group Inc. | 3.961% | 3/2/28 | 28,886 | 32,819 | ||
Mitsubishi UFJ Financial Group Inc. | 4.050% | 9/11/28 | 15,301 | 17,481 | ||
Mitsubishi UFJ Financial Group Inc. | 3.741% | 3/7/29 | 35,537 | 39,832 | ||
Mitsubishi UFJ Financial Group Inc. | 3.195% | 7/18/29 | 59,692 | 64,587 | ||
Mitsubishi UFJ Financial Group Inc. | 2.559% | 2/25/30 | 39,212 | 40,597 | ||
Mitsubishi UFJ Financial Group Inc. | 2.048% | 7/17/30 | 35,281 | 35,062 | ||
1 | Mizuho Financial Group Inc. | 2.226% | 5/25/26 | 16,708 | 17,289 | |
Mizuho Financial Group Inc. | 2.839% | 9/13/26 | 14,429 | 15,643 | ||
Mizuho Financial Group Inc. | 3.663% | 2/28/27 | 9,290 | 10,385 | ||
Mizuho Financial Group Inc. | 1.234% | 5/22/27 | 10,000 | 9,913 | ||
Mizuho Financial Group Inc. | 3.170% | 9/11/27 | 10,845 | 11,959 | ||
Mizuho Financial Group Inc. | 4.018% | 3/5/28 | 22,454 | 25,382 | ||
1 | Mizuho Financial Group Inc. | 4.254% | 9/11/29 | 10,013 | 11,502 | |
1 | Mizuho Financial Group Inc. | 3.153% | 7/16/30 | 24,027 | 25,795 | |
1 | Mizuho Financial Group Inc. | 2.869% | 9/13/30 | 18,205 | 19,119 | |
1 | Mizuho Financial Group Inc. | 2.591% | 5/25/31 | 8,951 | 9,211 | |
1 | Mizuho Financial Group Inc. | 2.201% | 7/10/31 | 22,934 | 22,856 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
1 | Mizuho Financial Group Inc. | 1.979% | 9/8/31 | 26,490 | 25,809 | |
1 | Morgan Stanley | 3.125% | 7/27/26 | 85,537 | 93,347 | |
1 | Morgan Stanley | 6.250% | 8/9/26 | 20,686 | 25,941 | |
1 | Morgan Stanley | 4.350% | 9/8/26 | 56,281 | 64,684 | |
Morgan Stanley | 3.625% | 1/20/27 | 70,808 | 79,416 | ||
Morgan Stanley | 3.950% | 4/23/27 | 50,777 | 57,217 | ||
1 | Morgan Stanley | 3.591% | 7/22/28 | 74,231 | 82,863 | |
1 | Morgan Stanley | 3.772% | 1/24/29 | 67,878 | 75,845 | |
1 | Morgan Stanley | 4.431% | 1/23/30 | 58,042 | 67,750 | |
1 | Morgan Stanley | 2.699% | 1/22/31 | 51,190 | 52,904 | |
1 | Morgan Stanley | 3.622% | 4/1/31 | 71,673 | 79,496 | |
1 | Morgan Stanley | 1.794% | 2/13/32 | 51,800 | 49,413 | |
1 | Munich Re America Corp. | 7.450% | 12/15/26 | 3,783 | 5,035 | |
Nasdaq Inc. | 3.850% | 6/30/26 | 12,096 | 13,559 | ||
Nasdaq Inc. | 1.650% | 1/15/31 | 4,375 | 4,080 | ||
National Australia Bank Ltd. | 3.375% | 1/14/26 | 469 | 520 | ||
1 | National Australia Bank Ltd. | 2.500% | 7/12/26 | 35,147 | 37,641 | |
Natwest Group plc | 4.800% | 4/5/26 | 15,192 | 17,423 | ||
1 | Natwest Group plc | 3.073% | 5/22/28 | 24,417 | 25,882 | |
1 | Natwest Group plc | 4.892% | 5/18/29 | 44,668 | 52,291 | |
1 | Natwest Group plc | 5.076% | 1/27/30 | 41,125 | 48,770 | |
1 | Natwest Group plc | 4.445% | 5/8/30 | 36,687 | 41,941 | |
1 | Natwest Group plc | 3.032% | 11/28/35 | 23,375 | 23,034 | |
Nomura Holdings Inc. | 3.103% | 1/16/30 | 34,098 | 35,693 | ||
Nomura Holdings Inc. | 2.679% | 7/16/30 | 7,319 | 7,495 | ||
Northern Trust Corp. | 3.650% | 8/3/28 | 10,045 | 11,336 | ||
Northern Trust Corp. | 3.150% | 5/3/29 | 13,840 | 15,214 | ||
Northern Trust Corp. | 1.950% | 5/1/30 | 20,009 | 20,015 | ||
1 | Northern Trust Corp. | 3.375% | 5/8/32 | 6,305 | 6,896 | |
Old Republic International Corp. | 3.875% | 8/26/26 | 12,213 | 13,733 | ||
ORIX Corp. | 3.700% | 7/18/27 | 9,081 | 10,179 | ||
Owl Rock Capital Corp. | 4.250% | 1/15/26 | 263 | 281 | ||
Owl Rock Capital Corp. | 3.400% | 7/15/26 | 24,244 | 24,947 | ||
PartnerRe Finance B LLC | 3.700% | 7/2/29 | 10,254 | 11,339 | ||
PartnerRe Finance B LLC | 4.500% | 10/1/50 | 12,728 | 13,173 | ||
PayPal Holdings Inc. | 2.650% | 10/1/26 | 29,504 | 31,590 | ||
PayPal Holdings Inc. | 2.850% | 10/1/29 | 34,325 | 36,642 | ||
PayPal Holdings Inc. | 2.300% | 6/1/30 | 9,547 | 9,752 | ||
1 | PNC Bank NA | 3.100% | 10/25/27 | 12,593 | 13,937 | |
1 | PNC Bank NA | 3.250% | 1/22/28 | 12,781 | 14,079 | |
1 | PNC Bank NA | 4.050% | 7/26/28 | 28,385 | 32,560 | |
1 | PNC Bank NA | 2.700% | 10/22/29 | 18,377 | 19,220 | |
PNC Financial Services Group Inc. | 2.600% | 7/23/26 | 41,439 | 44,339 | ||
PNC Financial Services Group Inc. | 3.150% | 5/19/27 | 25,380 | 28,052 | ||
PNC Financial Services Group Inc. | 3.450% | 4/23/29 | 40,668 | 45,535 | ||
PNC Financial Services Group Inc. | 2.550% | 1/22/30 | 22,451 | 23,565 | ||
Principal Financial Group Inc. | 3.100% | 11/15/26 | 7,633 | 8,344 | ||
Principal Financial Group Inc. | 3.700% | 5/15/29 | 13,750 | 15,427 | ||
Principal Financial Group Inc. | 2.125% | 6/15/30 | 8,035 | 7,946 | ||
Progressive Corp. | 2.450% | 1/15/27 | 12,634 | 13,513 | ||
Progressive Corp. | 4.000% | 3/1/29 | 9,740 | 11,317 | ||
Progressive Corp. | 6.625% | 3/1/29 | 1,802 | 2,388 | ||
Progressive Corp. | 3.200% | 3/26/30 | 18,099 | 20,008 | ||
1 | Prudential Financial Inc. | 1.500% | 3/10/26 | 15,816 | 16,116 | |
1 | Prudential Financial Inc. | 3.878% | 3/27/28 | 12,025 | 13,790 | |
1 | Prudential Financial Inc. | 2.100% | 3/10/30 | 9,960 | 10,156 | |
1 | Prudential Financial Inc. | 4.500% | 9/15/47 | 18,717 | 20,308 | |
1 | Prudential Financial Inc. | 5.700% | 9/15/48 | 14,725 | 16,731 | |
1 | Prudential Financial Inc. | 3.700% | 10/1/50 | 23,134 | 23,655 | |
Prudential plc | 3.125% | 4/14/30 | 21,344 | 23,185 | ||
Raymond James Financial Inc. | 3.625% | 9/15/26 | 9,805 | 11,068 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Raymond James Financial Inc. | 4.650% | 4/1/30 | 29,092 | 34,767 | ||
Reinsurance Group of America Inc. | 3.950% | 9/15/26 | 7,285 | 8,244 | ||
Reinsurance Group of America Inc. | 3.900% | 5/15/29 | 12,310 | 13,721 | ||
Reinsurance Group of America Inc. | 3.150% | 6/15/30 | 17,406 | 18,431 | ||
RenaissanceRe Finance Inc. | 3.450% | 7/1/27 | 6,878 | 7,554 | ||
RenaissanceRe Holdings Ltd. | 3.600% | 4/15/29 | 5,760 | 6,313 | ||
Santander Holdings USA Inc. | 3.244% | 10/5/26 | 37,004 | 39,654 | ||
Santander Holdings USA Inc. | 4.400% | 7/13/27 | 8,078 | 9,097 | ||
1 | Santander UK Group Holdings plc | 3.823% | 11/3/28 | 14,713 | 16,376 | |
Sixth Street Specialty Lending Inc. | 2.500% | 8/1/26 | 7,750 | 7,679 | ||
State Street Corp. | 2.650% | 5/19/26 | 18,663 | 20,225 | ||
1 | State Street Corp. | 4.141% | 12/3/29 | 13,148 | 15,365 | |
State Street Corp. | 2.400% | 1/24/30 | 18,412 | 19,332 | ||
State Street Corp. | 2.200% | 3/3/31 | 5,800 | 5,783 | ||
State Street Corp. | 3.152% | 3/30/31 | 8,464 | 9,335 | ||
1 | State Street Corp. | 3.031% | 11/1/34 | 8,205 | 8,787 | |
Stifel Financial Corp. | 4.000% | 5/15/30 | 6,535 | 7,246 | ||
Sumitomo Mitsui Financial Group Inc. | 3.784% | 3/9/26 | 31,063 | 34,783 | ||
Sumitomo Mitsui Financial Group Inc. | 2.632% | 7/14/26 | 34,052 | 36,298 | ||
Sumitomo Mitsui Financial Group Inc. | 3.010% | 10/19/26 | 38,017 | 41,295 | ||
Sumitomo Mitsui Financial Group Inc. | 3.446% | 1/11/27 | 34,353 | 38,111 | ||
Sumitomo Mitsui Financial Group Inc. | 3.364% | 7/12/27 | 9,951 | 10,973 | ||
Sumitomo Mitsui Financial Group Inc. | 3.352% | 10/18/27 | 15,747 | 17,450 | ||
Sumitomo Mitsui Financial Group Inc. | 3.544% | 1/17/28 | 15,310 | 16,891 | ||
Sumitomo Mitsui Financial Group Inc. | 3.944% | 7/19/28 | 21,382 | 24,162 | ||
Sumitomo Mitsui Financial Group Inc. | 4.306% | 10/16/28 | 10,132 | 11,760 | ||
Sumitomo Mitsui Financial Group Inc. | 3.040% | 7/16/29 | 63,055 | 67,530 | ||
Sumitomo Mitsui Financial Group Inc. | 3.202% | 9/17/29 | 19,981 | 21,075 | ||
Sumitomo Mitsui Financial Group Inc. | 2.724% | 9/27/29 | 31,599 | 33,185 | ||
Sumitomo Mitsui Financial Group Inc. | 2.750% | 1/15/30 | 32,209 | 33,811 | ||
Sumitomo Mitsui Financial Group Inc. | 2.130% | 7/8/30 | 26,653 | 26,493 | ||
Sumitomo Mitsui Financial Group Inc. | 2.142% | 9/23/30 | 27,392 | 26,789 | ||
Sumitomo Mitsui Financial Group Inc. | 1.710% | 1/12/31 | 15,535 | 14,915 | ||
SVB Financial Group | 3.125% | 6/5/30 | 11,353 | 12,155 | ||
SVB Financial Group | 1.800% | 2/2/31 | 7,912 | 7,613 | ||
Synchrony Financial | 3.700% | 8/4/26 | 13,029 | 14,183 | ||
Synchrony Financial | 3.950% | 12/1/27 | 23,255 | 25,576 | ||
Synchrony Financial | 5.150% | 3/19/29 | 12,692 | 15,018 | ||
TD Ameritrade Holding Corp. | 3.300% | 4/1/27 | 13,637 | 15,058 | ||
TD Ameritrade Holding Corp. | 2.750% | 10/1/29 | 11,958 | 12,671 | ||
1 | Toronto-Dominion Bank | 3.625% | 9/15/31 | 25,862 | 28,545 | |
Trinity Acquisition plc | 4.400% | 3/15/26 | 10,250 | 11,662 | ||
1 | Truist Bank | 3.300% | 5/15/26 | 17,095 | 18,771 | |
1 | Truist Bank | 3.800% | 10/30/26 | 13,841 | 15,605 | |
1 | Truist Bank | 2.250% | 3/11/30 | 27,617 | 27,928 | |
1,3 | Truist Financial Corp. | 1.267% | 3/2/27 | 5,000 | 5,012 | |
1 | Truist Financial Corp. | 1.125% | 8/3/27 | 17,938 | 17,672 | |
1 | Truist Financial Corp. | 3.875% | 3/19/29 | 26,855 | 30,510 | |
1 | Truist Financial Corp. | 1.950% | 6/5/30 | 7,356 | 7,397 | |
Unum Group | 4.000% | 6/15/29 | 9,059 | 9,961 | ||
1 | US Bancorp | 3.100% | 4/27/26 | 26,982 | 29,515 | |
1 | US Bancorp | 2.375% | 7/22/26 | 34,912 | 37,097 | |
1 | US Bancorp | 3.150% | 4/27/27 | 37,153 | 41,160 | |
1 | US Bancorp | 3.900% | 4/26/28 | 9,756 | 11,218 | |
1 | US Bancorp | 3.000% | 7/30/29 | 19,289 | 20,800 | |
1 | US Bancorp | 1.375% | 7/22/30 | 21,381 | 20,408 | |
Visa Inc. | 1.900% | 4/15/27 | 36,845 | 38,081 | ||
Visa Inc. | 0.750% | 8/15/27 | 14,764 | 14,313 | ||
Visa Inc. | 2.750% | 9/15/27 | 18,031 | 19,546 | ||
Visa Inc. | 2.050% | 4/15/30 | 24,198 | 24,682 | ||
Visa Inc. | 1.100% | 2/15/31 | 5,806 | 5,401 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Voya Financial Inc. | 3.650% | 6/15/26 | 10,057 | 11,281 | ||
1 | Voya Financial Inc. | 4.700% | 1/23/48 | 9,576 | 9,887 | |
Wachovia Corp. | 7.574% | 8/1/26 | 4,939 | 6,307 | ||
Webster Financial Corp. | 4.100% | 3/25/29 | 5,003 | 5,331 | ||
1 | Wells Fargo & Co. | 2.164% | 2/11/26 | 1,790 | 1,855 | |
Wells Fargo & Co. | 3.000% | 4/22/26 | 75,033 | 81,106 | ||
1 | Wells Fargo & Co. | 4.100% | 6/3/26 | 75,390 | 85,294 | |
Wells Fargo & Co. | 3.000% | 10/23/26 | 87,869 | 95,106 | ||
1 | Wells Fargo & Co. | 3.196% | 6/17/27 | 63,984 | 69,635 | |
1 | Wells Fargo & Co. | 4.300% | 7/22/27 | 46,701 | 53,958 | |
1 | Wells Fargo & Co. | 3.584% | 5/22/28 | 82,331 | 90,942 | |
1 | Wells Fargo & Co. | 2.393% | 6/2/28 | 62,045 | 64,415 | |
1 | Wells Fargo & Co. | 4.150% | 1/24/29 | 43,388 | 49,774 | |
1 | Wells Fargo & Co. | 2.879% | 10/30/30 | 69,825 | 73,674 | |
1 | Wells Fargo & Co. | 2.572% | 2/11/31 | 62,939 | 64,890 | |
1 | Wells Fargo & Co. | 4.478% | 4/4/31 | 59,770 | 70,490 | |
3 | Western Union Co. | 1.350% | 3/15/26 | 5,000 | 4,946 | |
3 | Western Union Co. | 2.750% | 3/15/31 | 3,000 | 2,973 | |
Westpac Banking Corp. | 2.850% | 5/13/26 | 52,651 | 57,125 | ||
Westpac Banking Corp. | 2.700% | 8/19/26 | 26,252 | 28,373 | ||
Westpac Banking Corp. | 3.350% | 3/8/27 | 28,667 | 32,218 | ||
Westpac Banking Corp. | 3.400% | 1/25/28 | 7,535 | 8,408 | ||
Westpac Banking Corp. | 2.650% | 1/16/30 | 19,326 | 20,698 | ||
1 | Westpac Banking Corp. | 4.322% | 11/23/31 | 34,455 | 38,417 | |
Westpac Banking Corp. | 4.110% | 7/24/34 | 35,025 | 38,637 | ||
Westpac Banking Corp. | 2.668% | 11/15/35 | 17,878 | 17,632 | ||
Willis North America Inc. | 4.500% | 9/15/28 | 10,303 | 12,001 | ||
Willis North America Inc. | 2.950% | 9/15/29 | 19,045 | 20,141 | ||
Wintrust Financial Corp. | 4.850% | 6/6/29 | 5,333 | 5,691 | ||
Zions Bancorp NA | 3.250% | 10/29/29 | 11,425 | 11,855 | ||
13,363,071 | ||||||
Health Care (9.53%) | ||||||
Abbott Laboratories | 3.750% | 11/30/26 | 35,875 | 40,717 | ||
Abbott Laboratories | 1.150% | 1/30/28 | 23,732 | 23,157 | ||
Abbott Laboratories | 1.400% | 6/30/30 | 9,544 | 9,177 | ||
AbbVie Inc. | 3.200% | 5/14/26 | 42,056 | 45,826 | ||
AbbVie Inc. | 2.950% | 11/21/26 | 91,570 | 99,241 | ||
AbbVie Inc. | 4.250% | 11/14/28 | 50,461 | 58,419 | ||
AbbVie Inc. | 3.200% | 11/21/29 | 115,555 | 125,504 | ||
Adventist Health System | 2.952% | 3/1/29 | 7,055 | 7,461 | ||
Advocate Health & Hospitals Corp. | 3.829% | 8/15/28 | 4,924 | 5,500 | ||
1 | Advocate Health & Hospitals Corp. | 2.211% | 6/15/30 | 6,725 | 6,795 | |
Agilent Technologies Inc. | 3.050% | 9/22/26 | 8,148 | 8,849 | ||
Agilent Technologies Inc. | 2.750% | 9/15/29 | 7,165 | 7,529 | ||
Agilent Technologies Inc. | 2.100% | 6/4/30 | 13,208 | 13,188 | ||
AmerisourceBergen Corp. | 3.450% | 12/15/27 | 23,812 | 26,328 | ||
AmerisourceBergen Corp. | 2.800% | 5/15/30 | 14,666 | 15,322 | ||
Amgen Inc. | 2.600% | 8/19/26 | 41,532 | 44,285 | ||
Amgen Inc. | 2.200% | 2/21/27 | 35,643 | 37,066 | ||
Amgen Inc. | 3.200% | 11/2/27 | 13,115 | 14,414 | ||
Amgen Inc. | 2.450% | 2/21/30 | 29,166 | 29,907 | ||
Amgen Inc. | 2.300% | 2/25/31 | 14,438 | 14,564 | ||
Anthem Inc. | 3.650% | 12/1/27 | 35,461 | 39,967 | ||
Anthem Inc. | 4.101% | 3/1/28 | 22,305 | 25,663 | ||
Anthem Inc. | 2.875% | 9/15/29 | 28,598 | 30,398 | ||
Anthem Inc. | 2.250% | 5/15/30 | 24,559 | 24,722 | ||
1 | Ascension Health | 2.532% | 11/15/29 | 11,283 | 11,851 | |
AstraZeneca plc | 0.700% | 4/8/26 | 16,203 | 15,736 | ||
AstraZeneca plc | 3.125% | 6/12/27 | 18,130 | 19,869 | ||
AstraZeneca plc | 4.000% | 1/17/29 | 28,276 | 32,199 | ||
AstraZeneca plc | 1.375% | 8/6/30 | 29,840 | 27,949 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Banner Health | 2.338% | 1/1/30 | 6,275 | 6,403 | ||
Banner Health | 1.897% | 1/1/31 | 7,525 | 7,437 | ||
Baxter International Inc. | 2.600% | 8/15/26 | 16,391 | 17,494 | ||
1,2 | Baxter International Inc. | 3.950% | 4/1/30 | 9,390 | 10,810 | |
1 | Baylor Scott & White Holdings | 1.777% | 11/15/30 | 3,575 | 3,523 | |
Becton Dickinson & Co. | 3.700% | 6/6/27 | 46,642 | 52,200 | ||
Becton Dickinson & Co. | 2.823% | 5/20/30 | 13,994 | 14,669 | ||
Becton Dickinson & Co. | 1.957% | 2/11/31 | 20,000 | 19,696 | ||
Biogen Inc. | 2.250% | 5/1/30 | 34,076 | 33,921 | ||
1 | Bon Secours Mercy Health Inc. | 3.464% | 6/1/30 | 8,393 | 9,200 | |
Boston Scientific Corp. | 3.750% | 3/1/26 | 30,495 | 33,995 | ||
Boston Scientific Corp. | 4.000% | 3/1/28 | 2,220 | 2,535 | ||
Boston Scientific Corp. | 4.000% | 3/1/29 | 23,720 | 26,863 | ||
Boston Scientific Corp. | 2.650% | 6/1/30 | 32,241 | 33,274 | ||
Bristol-Myers Squibb Co. | 3.200% | 6/15/26 | 64,948 | 71,710 | ||
Bristol-Myers Squibb Co. | 3.250% | 2/27/27 | 13,167 | 14,622 | ||
Bristol-Myers Squibb Co. | 1.125% | 11/13/27 | 12,275 | 12,069 | ||
Bristol-Myers Squibb Co. | 3.450% | 11/15/27 | 40,583 | 46,127 | ||
Bristol-Myers Squibb Co. | 3.900% | 2/20/28 | 43,799 | 50,437 | ||
Bristol-Myers Squibb Co. | 3.400% | 7/26/29 | 73,452 | 82,601 | ||
Bristol-Myers Squibb Co. | 1.450% | 11/13/30 | 27,650 | 26,692 | ||
Cardinal Health Inc. | 3.410% | 6/15/27 | 21,883 | 23,967 | ||
1 | CHRISTUS Health | 4.341% | 7/1/28 | 8,411 | 9,745 | |
1 | Cigna Corp. | 3.400% | 3/1/27 | 27,802 | 30,480 | |
1 | Cigna Corp. | 3.050% | 10/15/27 | 11,267 | 12,310 | |
Cigna Corp. | 4.375% | 10/15/28 | 83,760 | 97,303 | ||
Cigna Corp. | 2.400% | 3/15/30 | 48,435 | 49,116 | ||
CommonSpirit Health | 3.347% | 10/1/29 | 23,410 | 25,441 | ||
CommonSpirit Health | 2.782% | 10/1/30 | 12,270 | 12,664 | ||
CVS Health Corp. | 2.875% | 6/1/26 | 52,185 | 56,024 | ||
CVS Health Corp. | 3.000% | 8/15/26 | 25,712 | 27,798 | ||
CVS Health Corp. | 3.625% | 4/1/27 | 16,946 | 18,826 | ||
CVS Health Corp. | 6.250% | 6/1/27 | 2,610 | 3,285 | ||
CVS Health Corp. | 1.300% | 8/21/27 | 36,713 | 35,888 | ||
CVS Health Corp. | 4.300% | 3/25/28 | 146,769 | 168,841 | ||
CVS Health Corp. | 3.250% | 8/15/29 | 47,129 | 50,858 | ||
CVS Health Corp. | 3.750% | 4/1/30 | 36,662 | 40,934 | ||
CVS Health Corp. | 1.750% | 8/21/30 | 31,617 | 30,134 | ||
DENTSPLY SIRONA Inc. | 3.250% | 6/1/30 | 15,451 | 16,463 | ||
DH Europe Finance II Sarl | 2.600% | 11/15/29 | 17,914 | 18,672 | ||
Edwards Lifesciences Corp. | 4.300% | 6/15/28 | 10,068 | 11,514 | ||
Eli Lilly & Co. | 3.375% | 3/15/29 | 26,808 | 29,892 | ||
Gilead Sciences Inc. | 3.650% | 3/1/26 | 55,289 | 61,283 | ||
Gilead Sciences Inc. | 2.950% | 3/1/27 | 32,889 | 35,529 | ||
Gilead Sciences Inc. | 1.200% | 10/1/27 | 14,698 | 14,388 | ||
Gilead Sciences Inc. | 1.650% | 10/1/30 | 19,526 | 18,710 | ||
GlaxoSmithKline Capital Inc. | 3.875% | 5/15/28 | 48,227 | 55,484 | ||
GlaxoSmithKline Capital plc | 3.375% | 6/1/29 | 17,407 | 19,487 | ||
HCA Inc. | 5.250% | 6/15/26 | 33,330 | 38,871 | ||
HCA Inc. | 4.500% | 2/15/27 | 33,397 | 38,073 | ||
HCA Inc. | 4.125% | 6/15/29 | 40,410 | 45,461 | ||
Humana Inc. | 3.950% | 3/15/27 | 11,231 | 12,708 | ||
Humana Inc. | 3.125% | 8/15/29 | 11,962 | 12,746 | ||
Humana Inc. | 4.875% | 4/1/30 | 12,980 | 15,602 | ||
Johnson & Johnson | 2.450% | 3/1/26 | 37,080 | 39,627 | ||
Johnson & Johnson | 2.950% | 3/3/27 | 35,566 | 39,129 | ||
Johnson & Johnson | 0.950% | 9/1/27 | 38,823 | 38,117 | ||
Johnson & Johnson | 2.900% | 1/15/28 | 25,411 | 27,851 | ||
Johnson & Johnson | 6.950% | 9/1/29 | 4,380 | 6,191 | ||
Johnson & Johnson | 1.300% | 9/1/30 | 36,582 | 34,969 | ||
Kaiser Foundation Hospitals | 3.150% | 5/1/27 | 16,700 | 18,464 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Laboratory Corp. of America Holdings | 3.600% | 9/1/27 | 8,545 | 9,583 | ||
Laboratory Corp. of America Holdings | 2.950% | 12/1/29 | 15,119 | 16,189 | ||
McKesson Corp. | 3.950% | 2/16/28 | 13,326 | 15,086 | ||
McKesson Corp. | 4.750% | 5/30/29 | 9,308 | 11,035 | ||
Medtronic Global Holdings SCA | 3.350% | 4/1/27 | 8,818 | 9,811 | ||
Merck & Co. Inc. | 3.400% | 3/7/29 | 36,707 | 41,023 | ||
Merck & Co. Inc. | 1.450% | 6/24/30 | 27,613 | 26,559 | ||
1 | Mercy Health | 4.302% | 7/1/28 | 6,670 | 7,637 | |
Mylan Inc. | 4.550% | 4/15/28 | 14,818 | 17,076 | ||
Novartis Capital Corp. | 2.000% | 2/14/27 | 43,195 | 45,009 | ||
Novartis Capital Corp. | 3.100% | 5/17/27 | 28,806 | 31,753 | ||
Novartis Capital Corp. | 2.200% | 8/14/30 | 15,785 | 16,245 | ||
PerkinElmer Inc. | 3.300% | 9/15/29 | 19,697 | 21,110 | ||
Perrigo Finance Unlimited Co. | 4.375% | 3/15/26 | 11,510 | 12,938 | ||
Perrigo Finance Unlimited Co. | 3.150% | 6/15/30 | 18,601 | 19,112 | ||
Pfizer Inc. | 2.750% | 6/3/26 | 40,288 | 43,658 | ||
Pfizer Inc. | 3.000% | 12/15/26 | 32,431 | 35,834 | ||
Pfizer Inc. | 3.600% | 9/15/28 | 13,856 | 15,688 | ||
Pfizer Inc. | 3.450% | 3/15/29 | 43,181 | 48,356 | ||
Pfizer Inc. | 2.625% | 4/1/30 | 24,928 | 26,445 | ||
Pfizer Inc. | 1.700% | 5/28/30 | 35,524 | 34,888 | ||
Pharmacia LLC | 6.600% | 12/1/28 | 10,052 | 13,473 | ||
1 | Providence St. Joseph Health Obligated Group | 2.746% | 10/1/26 | 8,866 | 9,534 | |
1 | Providence St. Joseph Health Obligated Group | 2.532% | 10/1/29 | 8,840 | 9,230 | |
Quest Diagnostics Inc. | 3.450% | 6/1/26 | 15,236 | 16,758 | ||
Quest Diagnostics Inc. | 4.200% | 6/30/29 | 8,874 | 10,350 | ||
Quest Diagnostics Inc. | 2.950% | 6/30/30 | 18,309 | 19,534 | ||
Quest Diagnostics Inc. | 2.800% | 6/30/31 | 1,847 | 1,940 | ||
Regeneron Pharmaceuticals Inc. | 1.750% | 9/15/30 | 28,581 | 27,028 | ||
1,2 | Royalty Pharma plc | 1.750% | 9/2/27 | 25,920 | 25,900 | |
1,2 | Royalty Pharma plc | 2.200% | 9/2/30 | 26,132 | 25,653 | |
1 | Rush Obligated Group | 3.922% | 11/15/29 | 7,500 | 8,529 | |
Sanofi | 3.625% | 6/19/28 | 18,283 | 20,542 | ||
Shire Acquisitions Investments Ireland DAC | 3.200% | 9/23/26 | 70,475 | 77,107 | ||
Smith & Nephew plc | 2.032% | 10/14/30 | 21,675 | 21,015 | ||
1 | SSM Health Care Corp. | 3.823% | 6/1/27 | 7,767 | 9,029 | |
1 | Stanford Health Care | 3.310% | 8/15/30 | 5,950 | 6,649 | |
Stryker Corp. | 3.500% | 3/15/26 | 13,326 | 14,725 | ||
Stryker Corp. | 3.650% | 3/7/28 | 10,826 | 12,146 | ||
Stryker Corp. | 1.950% | 6/15/30 | 27,742 | 27,306 | ||
1 | Sutter Health | 3.695% | 8/15/28 | 7,055 | 7,898 | |
1 | Sutter Health | 2.294% | 8/15/30 | 16,425 | 16,679 | |
Takeda Pharmaceutical Co. Ltd. | 5.000% | 11/26/28 | 47,177 | 57,378 | ||
Takeda Pharmaceutical Co. Ltd. | 2.050% | 3/31/30 | 59,418 | 58,282 | ||
Thermo Fisher Scientific Inc. | 2.950% | 9/19/26 | 23,393 | 25,288 | ||
Thermo Fisher Scientific Inc. | 3.200% | 8/15/27 | 17,180 | 18,821 | ||
Thermo Fisher Scientific Inc. | 2.600% | 10/1/29 | 24,154 | 25,271 | ||
Thermo Fisher Scientific Inc. | 4.497% | 3/25/30 | 25,909 | 30,752 | ||
1 | Toledo Hospital | 5.325% | 11/15/28 | 7,277 | 8,571 | |
UnitedHealth Group Inc. | 1.250% | 1/15/26 | 277 | 279 | ||
UnitedHealth Group Inc. | 3.100% | 3/15/26 | 19,042 | 20,854 | ||
UnitedHealth Group Inc. | 3.450% | 1/15/27 | 19,362 | 21,570 | ||
UnitedHealth Group Inc. | 3.375% | 4/15/27 | 8,990 | 10,007 | ||
UnitedHealth Group Inc. | 2.950% | 10/15/27 | 25,156 | 27,336 | ||
UnitedHealth Group Inc. | 3.850% | 6/15/28 | 35,194 | 39,898 | ||
UnitedHealth Group Inc. | 3.875% | 12/15/28 | 15,639 | 17,931 | ||
UnitedHealth Group Inc. | 2.875% | 8/15/29 | 34,439 | 37,191 | ||
UnitedHealth Group Inc. | 2.000% | 5/15/30 | 18,542 | 18,531 | ||
1,2 | Universal Health Services Inc. | 2.650% | 10/15/30 | 20,139 | 19,812 | |
Utah Acquisition Sub Inc. | 3.950% | 6/15/26 | 58,467 | 65,351 | ||
1,2 | Viatris Inc. | 2.300% | 6/22/27 | 23,473 | 24,115 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
1,2 | Viatris Inc. | 2.700% | 6/22/30 | 35,912 | 36,209 | |
Zimmer Biomet Holdings Inc. | 3.050% | 1/15/26 | 228 | 245 | ||
Zimmer Biomet Holdings Inc. | 3.550% | 3/20/30 | 17,266 | 18,915 | ||
Zoetis Inc. | 3.000% | 9/12/27 | 13,368 | 14,577 | ||
Zoetis Inc. | 3.900% | 8/20/28 | 19,555 | 22,112 | ||
Zoetis Inc. | 2.000% | 5/15/30 | 12,087 | 11,868 | ||
4,297,950 | ||||||
Industrials (7.37%) | ||||||
1 | 3M Co. | 2.250% | 9/19/26 | 24,260 | 25,668 | |
3M Co. | 2.875% | 10/15/27 | 16,285 | 17,829 | ||
1 | 3M Co. | 3.625% | 9/14/28 | 7,539 | 8,509 | |
1 | 3M Co. | 3.375% | 3/1/29 | 22,438 | 24,976 | |
3M Co. | 2.375% | 8/26/29 | 23,944 | 24,914 | ||
3M Co. | 3.050% | 4/15/30 | 10,432 | 11,343 | ||
Acuity Brands Lighting Inc. | 2.150% | 12/15/30 | 11,422 | 11,174 | ||
Allegion plc | 3.500% | 10/1/29 | 9,982 | 10,745 | ||
Allegion US Holding Co. Inc. | 3.550% | 10/1/27 | 7,650 | 8,280 | ||
1 | American Airlines Pass-Through Trust Class A Series 2016-3 | 3.250% | 10/15/28 | 226 | 215 | |
1 | American Airlines Pass-Through Trust Class AA Series 2015-2 | 3.600% | 9/22/27 | 2,695 | 2,721 | |
1 | American Airlines Pass-Through Trust Class AA Series 2016-1 | 3.575% | 1/15/28 | 9,172 | 9,228 | |
1 | American Airlines Pass-Through Trust Class AA Series 2016-2 | 3.200% | 6/15/28 | 9,625 | 9,586 | |
1 | American Airlines Pass-Through Trust Class AA Series 2016-3 | 3.000% | 10/15/28 | 6,472 | 6,430 | |
1 | American Airlines Pass-Through Trust Class AA Series 2017-1 | 3.650% | 2/15/29 | 9,298 | 9,386 | |
1 | American Airlines Pass-Through Trust Class AA Series 2017-2 | 3.350% | 10/15/29 | 10,733 | 10,674 | |
Amphenol Corp. | 4.350% | 6/1/29 | 8,983 | 10,387 | ||
Amphenol Corp. | 2.800% | 2/15/30 | 20,166 | 21,207 | ||
Boeing Co. | 3.100% | 5/1/26 | 21,773 | 22,852 | ||
Boeing Co. | 2.250% | 6/15/26 | 17,086 | 17,274 | ||
Boeing Co. | 2.700% | 2/1/27 | 19,571 | 20,078 | ||
Boeing Co. | 2.800% | 3/1/27 | 18,062 | 18,607 | ||
Boeing Co. | 5.040% | 5/1/27 | 42,608 | 49,054 | ||
Boeing Co. | 3.250% | 2/1/28 | 13,141 | 13,773 | ||
Boeing Co. | 3.250% | 3/1/28 | 17,707 | 18,436 | ||
Boeing Co. | 3.450% | 11/1/28 | 14,169 | 14,765 | ||
Boeing Co. | 3.200% | 3/1/29 | 22,610 | 23,346 | ||
Boeing Co. | 2.950% | 2/1/30 | 18,414 | 18,570 | ||
Boeing Co. | 5.150% | 5/1/30 | 81,319 | 94,799 | ||
Boeing Co. | 3.625% | 2/1/31 | 40,715 | 43,027 | ||
Burlington Northern Santa Fe LLC | 3.250% | 6/15/27 | 18,895 | 20,898 | ||
Canadian National Railway Co. | 2.750% | 3/1/26 | 12,742 | 13,716 | ||
Canadian National Railway Co. | 6.900% | 7/15/28 | 6,098 | 8,149 | ||
Canadian Pacific Railway Co. | 4.000% | 6/1/28 | 8,113 | 9,296 | ||
Canadian Pacific Railway Co. | 2.050% | 3/5/30 | 25,932 | 26,164 | ||
Carrier Global Corp. | 2.493% | 2/15/27 | 19,049 | 20,128 | ||
Carrier Global Corp. | 2.722% | 2/15/30 | 65,189 | 67,642 | ||
Carrier Global Corp. | 2.700% | 2/15/31 | 13,476 | 13,882 | ||
3 | Caterpillar Financial Services Corp. | 0.900% | 3/2/26 | 10,000 | 9,893 | |
Caterpillar Financial Services Corp. | 2.400% | 8/9/26 | 8,323 | 8,814 | ||
1 | Caterpillar Financial Services Corp. | 1.100% | 9/14/27 | 16,001 | 15,673 | |
Caterpillar Inc. | 2.600% | 9/19/29 | 8,015 | 8,495 | ||
Caterpillar Inc. | 2.600% | 4/9/30 | 24,766 | 26,133 | ||
CH Robinson Worldwide Inc. | 4.200% | 4/15/28 | 12,882 | 14,743 | ||
1 | CNH Industrial NV | 3.850% | 11/15/27 | 14,847 | 16,728 | |
CSX Corp. | 2.600% | 11/1/26 | 17,212 | 18,455 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
CSX Corp. | 3.250% | 6/1/27 | 20,380 | 22,527 | ||
CSX Corp. | 3.800% | 3/1/28 | 24,264 | 27,312 | ||
CSX Corp. | 4.250% | 3/15/29 | 22,992 | 26,831 | ||
CSX Corp. | 2.400% | 2/15/30 | 7,210 | 7,461 | ||
Cummins Inc. | 1.500% | 9/1/30 | 19,215 | 18,386 | ||
Deere & Co. | 5.375% | 10/16/29 | 2,807 | 3,563 | ||
Deere & Co. | 3.100% | 4/15/30 | 17,914 | 19,630 | ||
1,2 | Delta Air Lines Inc. | 4.750% | 10/20/28 | 10,000 | 11,072 | |
1 | Delta Air Lines Pass-Through Trust Class AA Series 2015-1 | 3.625% | 7/30/27 | 285 | 302 | |
1 | Delta Air Lines Pass-Through Trust Class AA Series 2020-1 | 2.000% | 6/10/28 | 16,401 | 16,725 | |
Dover Corp. | 2.950% | 11/4/29 | 7,069 | 7,516 | ||
Eaton Corp. | 3.103% | 9/15/27 | 11,735 | 12,933 | ||
Emerson Electric Co. | 0.875% | 10/15/26 | 17,232 | 16,953 | ||
Emerson Electric Co. | 1.800% | 10/15/27 | 15,756 | 16,149 | ||
Emerson Electric Co. | 1.950% | 10/15/30 | 6,820 | 6,910 | ||
FedEx Corp. | 3.250% | 4/1/26 | 11,655 | 12,725 | ||
FedEx Corp. | 3.300% | 3/15/27 | 14,696 | 16,113 | ||
FedEx Corp. | 3.400% | 2/15/28 | 11,370 | 12,440 | ||
FedEx Corp. | 4.200% | 10/17/28 | 7,408 | 8,550 | ||
FedEx Corp. | 3.100% | 8/5/29 | 17,225 | 18,484 | ||
FedEx Corp. | 4.250% | 5/15/30 | 25,265 | 29,412 | ||
Flowserve Corp. | 3.500% | 10/1/30 | 11,427 | 12,040 | ||
Fortive Corp. | 3.150% | 6/15/26 | 13,890 | 15,203 | ||
General Dynamics Corp. | 2.125% | 8/15/26 | 11,504 | 12,088 | ||
General Dynamics Corp. | 3.500% | 4/1/27 | 13,544 | 15,202 | ||
General Dynamics Corp. | 2.625% | 11/15/27 | 11,356 | 12,201 | ||
General Dynamics Corp. | 3.750% | 5/15/28 | 22,782 | 25,815 | ||
General Dynamics Corp. | 3.625% | 4/1/30 | 25,162 | 28,650 | ||
General Electric Co. | 3.450% | 5/1/27 | 32,677 | 35,888 | ||
General Electric Co. | 3.625% | 5/1/30 | 26,981 | 29,360 | ||
Hexcel Corp. | 4.200% | 2/15/27 | 5,800 | 6,218 | ||
Honeywell International Inc. | 2.500% | 11/1/26 | 39,585 | 42,699 | ||
Honeywell International Inc. | 2.700% | 8/15/29 | 13,574 | 14,521 | ||
Honeywell International Inc. | 1.950% | 6/1/30 | 35,445 | 35,655 | ||
Hubbell Inc. | 3.350% | 3/1/26 | 4,204 | 4,565 | ||
Hubbell Inc. | 3.150% | 8/15/27 | 5,728 | 6,138 | ||
Hubbell Inc. | 3.500% | 2/15/28 | 8,799 | 9,444 | ||
Huntington Ingalls Industries Inc. | 3.483% | 12/1/27 | 8,570 | 9,427 | ||
Huntington Ingalls Industries Inc. | 4.200% | 5/1/30 | 16,397 | 18,824 | ||
IDEX Corp. | 3.000% | 5/1/30 | 11,081 | 11,721 | ||
Illinois Tool Works Inc. | 2.650% | 11/15/26 | 19,173 | 20,715 | ||
JB Hunt Transport Services Inc. | 3.875% | 3/1/26 | 22,068 | 24,835 | ||
1 | John Deere Capital Corp. | 2.650% | 6/10/26 | 10,907 | 11,712 | |
1 | John Deere Capital Corp. | 2.250% | 9/14/26 | 25,175 | 26,570 | |
1 | John Deere Capital Corp. | 1.750% | 3/9/27 | 16,083 | 16,482 | |
1 | John Deere Capital Corp. | 2.800% | 9/8/27 | 15,232 | 16,550 | |
1 | John Deere Capital Corp. | 3.050% | 1/6/28 | 5,140 | 5,597 | |
1 | John Deere Capital Corp. | 3.450% | 3/7/29 | 11,962 | 13,470 | |
1 | John Deere Capital Corp. | 2.800% | 7/18/29 | 8,865 | 9,551 | |
1 | John Deere Capital Corp. | 2.450% | 1/9/30 | 26,254 | 27,609 | |
John Deere Capital Corp. | 1.450% | 1/15/31 | 2,675 | 2,560 | ||
Johnson Controls International plc | 1.750% | 9/15/30 | 15,306 | 14,950 | ||
Kansas City Southern | 2.875% | 11/15/29 | 8,122 | 8,539 | ||
Kennametal Inc. | 4.625% | 6/15/28 | 6,173 | 6,983 | ||
Keysight Technologies Inc. | 4.600% | 4/6/27 | 10,668 | 12,497 | ||
Keysight Technologies Inc. | 3.000% | 10/30/29 | 17,149 | 18,299 | ||
Kirby Corp. | 4.200% | 3/1/28 | 11,004 | 11,889 | ||
L3Harris Technologies Inc. | 3.850% | 12/15/26 | 9,344 | 10,558 | ||
L3Harris Technologies Inc. | 4.400% | 6/15/28 | 25,153 | 29,193 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
1 | L3Harris Technologies Inc. | 4.400% | 6/15/28 | 18,158 | 21,005 | |
L3Harris Technologies Inc. | 2.900% | 12/15/29 | 14,658 | 15,591 | ||
L3Harris Technologies Inc. | 1.800% | 1/15/31 | 13,725 | 13,300 | ||
Lennox International Inc. | 1.700% | 8/1/27 | 8,355 | 8,401 | ||
Lockheed Martin Corp. | 1.850% | 6/15/30 | 11,871 | 11,919 | ||
1,2 | Mileage Plus Holdings LLC | 6.500% | 6/20/27 | 7,000 | 7,612 | |
Norfolk Southern Corp. | 2.900% | 6/15/26 | 16,373 | 17,743 | ||
Norfolk Southern Corp. | 7.800% | 5/15/27 | 4,592 | 6,229 | ||
Norfolk Southern Corp. | 3.150% | 6/1/27 | 8,258 | 9,085 | ||
Norfolk Southern Corp. | 3.800% | 8/1/28 | 12,338 | 13,944 | ||
Norfolk Southern Corp. | 2.550% | 11/1/29 | 13,620 | 14,237 | ||
Northrop Grumman Corp. | 3.200% | 2/1/27 | 21,106 | 23,143 | ||
Northrop Grumman Corp. | 3.250% | 1/15/28 | 31,766 | 34,572 | ||
Northrop Grumman Corp. | 4.400% | 5/1/30 | 32,630 | 38,518 | ||
Northrop Grumman Systems Corp. | 7.750% | 2/15/31 | 4,486 | 6,577 | ||
nVent Finance Sarl | 4.550% | 4/15/28 | 10,612 | 11,308 | ||
Oshkosh Corp. | 4.600% | 5/15/28 | 4,000 | 4,560 | ||
Oshkosh Corp. | 3.100% | 3/1/30 | 6,965 | 7,287 | ||
Otis Worldwide Corp. | 2.293% | 4/5/27 | 14,565 | 15,233 | ||
Otis Worldwide Corp. | 2.565% | 2/15/30 | 31,140 | 32,045 | ||
Parker-Hannifin Corp. | 3.250% | 3/1/27 | 18,068 | 19,914 | ||
Parker-Hannifin Corp. | 3.250% | 6/14/29 | 22,546 | 24,586 | ||
Pentair Finance Sarl | 4.500% | 7/1/29 | 2,391 | 2,747 | ||
Raytheon Technologies Corp. | 2.650% | 11/1/26 | 2,589 | 2,772 | ||
Raytheon Technologies Corp. | 3.500% | 3/15/27 | 30,584 | 34,002 | ||
Raytheon Technologies Corp. | 3.125% | 5/4/27 | 30,482 | 33,488 | ||
Raytheon Technologies Corp. | 7.200% | 8/15/27 | 2,843 | 3,744 | ||
Raytheon Technologies Corp. | 6.700% | 8/1/28 | 6,352 | 8,267 | ||
Raytheon Technologies Corp. | 4.125% | 11/16/28 | 87,919 | 101,253 | ||
Raytheon Technologies Corp. | 7.500% | 9/15/29 | 7,086 | 9,953 | ||
Raytheon Technologies Corp. | 2.250% | 7/1/30 | 16,356 | 16,486 | ||
Republic Services Inc. | 2.900% | 7/1/26 | 14,566 | 15,759 | ||
Republic Services Inc. | 3.375% | 11/15/27 | 19,776 | 22,065 | ||
Republic Services Inc. | 3.950% | 5/15/28 | 10,064 | 11,443 | ||
Republic Services Inc. | 2.300% | 3/1/30 | 17,514 | 17,810 | ||
Republic Services Inc. | 1.450% | 2/15/31 | 4,362 | 4,095 | ||
Rockwell Automation Inc. | 3.500% | 3/1/29 | 6,451 | 7,275 | ||
Roper Technologies Inc. | 3.800% | 12/15/26 | 13,494 | 15,264 | ||
Roper Technologies Inc. | 1.400% | 9/15/27 | 19,675 | 19,496 | ||
Roper Technologies Inc. | 4.200% | 9/15/28 | 14,649 | 16,832 | ||
Roper Technologies Inc. | 2.950% | 9/15/29 | 32,664 | 34,837 | ||
Roper Technologies Inc. | 2.000% | 6/30/30 | 13,225 | 12,994 | ||
Roper Technologies Inc. | 1.750% | 2/15/31 | 17,020 | 16,279 | ||
1 | Ryder System Inc. | 2.900% | 12/1/26 | 11,742 | 12,689 | |
Southwest Airlines Co. | 3.000% | 11/15/26 | 11,595 | 12,255 | ||
Southwest Airlines Co. | 5.125% | 6/15/27 | 46,788 | 54,734 | ||
Southwest Airlines Co. | 3.450% | 11/16/27 | 4,380 | 4,707 | ||
Southwest Airlines Co. | 2.625% | 2/10/30 | 11,000 | 11,011 | ||
1 | Spirit Airlines Pass-Through Trust Class A Series 2015-1 | 4.100% | 4/1/28 | 2,220 | 2,209 | |
Textron Inc. | 4.000% | 3/15/26 | 6,020 | 6,683 | ||
Textron Inc. | 3.650% | 3/15/27 | 11,543 | 12,614 | ||
Textron Inc. | 3.375% | 3/1/28 | 5,993 | 6,395 | ||
Textron Inc. | 3.900% | 9/17/29 | 10,496 | 11,606 | ||
Textron Inc. | 3.000% | 6/1/30 | 7,341 | 7,617 | ||
Timken Co. | 4.500% | 12/15/28 | 7,166 | 7,780 | ||
Trane Technologies Global Holding Co. Ltd. | 3.750% | 8/21/28 | 14,557 | 16,317 | ||
Trane Technologies Luxembourg Finance SA | 3.500% | 3/21/26 | 6,170 | 6,795 | ||
Trane Technologies Luxembourg Finance SA | 3.800% | 3/21/29 | 17,989 | 20,401 | ||
Trimble Inc. | 4.900% | 6/15/28 | 13,114 | 15,379 | ||
Tyco Electronics Group SA | 3.125% | 8/15/27 | 11,971 | 13,189 | ||
Union Pacific Corp. | 2.750% | 3/1/26 | 12,724 | 13,644 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Union Pacific Corp. | 2.150% | 2/5/27 | 28,954 | 30,373 | ||
Union Pacific Corp. | 3.000% | 4/15/27 | 12,421 | 13,520 | ||
Union Pacific Corp. | 3.950% | 9/10/28 | 39,488 | 45,299 | ||
Union Pacific Corp. | 3.700% | 3/1/29 | 21,266 | 23,845 | ||
Union Pacific Corp. | 2.400% | 2/5/30 | 4,214 | 4,339 | ||
1 | United Airlines Pass-Through Trust Class A Series 2014-1 | 4.000% | 4/11/26 | 10,958 | 11,317 | |
1 | United Airlines Pass-Through Trust Class A Series 2014-2 | 3.750% | 9/3/26 | 9,346 | 9,679 | |
1 | United Airlines Pass-Through Trust Class A Series 2016-1 | 3.450% | 7/7/28 | 3,539 | 3,527 | |
1 | United Airlines Pass-Through Trust Class A Series 2020-1 | 5.875% | 10/15/27 | 73,328 | 82,131 | |
1 | United Airlines Pass-Through Trust Class AA Series 2015-1 | 3.450% | 12/1/27 | 6,592 | 6,757 | |
1 | United Airlines Pass-Through Trust Class AA Series 2016-1 | 3.100% | 7/7/28 | 10,110 | 10,305 | |
1 | United Airlines Pass-Through Trust Class AA Series 2016-2 | 2.875% | 10/7/28 | 5,727 | 5,810 | |
1 | United Airlines Pass-Through Trust Class AA Series 2018-1 | 3.500% | 3/1/30 | 3,769 | 3,841 | |
United Parcel Service Inc. | 2.400% | 11/15/26 | 18,586 | 19,896 | ||
United Parcel Service Inc. | 3.050% | 11/15/27 | 20,206 | 22,347 | ||
United Parcel Service Inc. | 3.400% | 3/15/29 | 15,046 | 16,716 | ||
United Parcel Service Inc. | 2.500% | 9/1/29 | 13,407 | 14,014 | ||
United Parcel Service Inc. | 4.450% | 4/1/30 | 17,108 | 20,660 | ||
1 | US Airways Pass-Through Trust Class A Series 2012-1 | 5.900% | 10/1/24 | 609 | 618 | |
Waste Connections Inc. | 4.250% | 12/1/28 | 11,334 | 13,093 | ||
Waste Connections Inc. | 3.500% | 5/1/29 | 9,031 | 10,046 | ||
Waste Connections Inc. | 2.600% | 2/1/30 | 16,437 | 17,172 | ||
Waste Management Inc. | 3.150% | 11/15/27 | 25,507 | 28,200 | ||
Waste Management Inc. | 1.150% | 3/15/28 | 10,725 | 10,369 | ||
Westinghouse Air Brake Technologies Corp. | 3.450% | 11/15/26 | 18,155 | 19,614 | ||
Westinghouse Air Brake Technologies Corp. | 4.950% | 9/15/28 | 26,977 | 31,570 | ||
Xylem Inc. | 3.250% | 11/1/26 | 7,499 | 8,259 | ||
Xylem Inc. | 1.950% | 1/30/28 | 14,350 | 14,631 | ||
Xylem Inc. | 2.250% | 1/30/31 | 2,260 | 2,287 | ||
3,322,804 | ||||||
Materials (2.93%) | ||||||
Air Products and Chemicals Inc. | 1.850% | 5/15/27 | 16,369 | 16,885 | ||
Air Products and Chemicals Inc. | 2.050% | 5/15/30 | 9,590 | 9,727 | ||
Amcor Finance USA Inc. | 4.500% | 5/15/28 | 8,000 | 9,253 | ||
AngloGold Ashanti Holdings plc | 3.750% | 10/1/30 | 15,200 | 16,076 | ||
Avery Dennison Corp. | 4.875% | 12/6/28 | 8,262 | 9,807 | ||
Avery Dennison Corp. | 2.650% | 4/30/30 | 14,034 | 14,567 | ||
1 | Bemis Co. Inc. | 3.100% | 9/15/26 | 6,673 | 7,190 | |
Bemis Co. Inc. | 2.630% | 6/19/30 | 22,176 | 22,870 | ||
BHP Billiton Finance USA Ltd. | 6.420% | 3/1/26 | 4,199 | 5,246 | ||
Cabot Corp. | 4.000% | 7/1/29 | 6,075 | 6,520 | ||
Carlisle Cos. Inc. | 3.750% | 12/1/27 | 9,716 | 10,966 | ||
Carlisle Cos. Inc. | 2.750% | 3/1/30 | 13,014 | 13,432 | ||
Celulosa Arauco y Constitucion SA | 3.875% | 11/2/27 | 9,803 | 10,675 | ||
Dow Chemical Co. | 4.550% | 11/30/25 | 5,000 | 5,747 | ||
Dow Chemical Co. | 3.625% | 5/15/26 | 15,903 | 17,644 | ||
Dow Chemical Co. | 4.800% | 11/30/28 | 11,741 | 14,056 | ||
Dow Chemical Co. | 7.375% | 11/1/29 | 8,802 | 12,243 | ||
Dow Chemical Co. | 2.100% | 11/15/30 | 30,600 | 30,098 | ||
DuPont de Nemours Inc. | 4.493% | 11/15/25 | 5,000 | 5,713 | ||
DuPont de Nemours Inc. | 4.725% | 11/15/28 | 37,118 | 44,078 | ||
Eagle Materials Inc. | 4.500% | 8/1/26 | 5,819 | 5,980 | ||
Eastman Chemical Co. | 4.500% | 12/1/28 | 10,944 | 12,871 | ||
Ecolab Inc. | 2.700% | 11/1/26 | 31,351 | 33,877 | ||
Ecolab Inc. | 3.250% | 12/1/27 | 11,282 | 12,493 | ||
Ecolab Inc. | 4.800% | 3/24/30 | 17,316 | 21,192 | ||
Ecolab Inc. | 1.300% | 1/30/31 | 5,690 | 5,331 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
EI du Pont de Nemours & Co. | 2.300% | 7/15/30 | 9,992 | 10,228 | ||
Fibria Overseas Finance Ltd. | 5.500% | 1/17/27 | 9,608 | 11,037 | ||
FMC Corp. | 3.200% | 10/1/26 | 14,004 | 15,275 | ||
FMC Corp. | 3.450% | 10/1/29 | 12,901 | 14,078 | ||
1,2 | Georgia-Pacific LLC | 0.950% | 5/15/26 | 4,000 | 3,935 | |
1,2 | Georgia-Pacific LLC | 2.100% | 4/30/27 | 5,600 | 5,806 | |
Georgia-Pacific LLC | 7.750% | 11/15/29 | 3,172 | 4,533 | ||
1,2 | Georgia-Pacific LLC | 2.300% | 4/30/30 | 5,000 | 5,143 | |
Huntsman International LLC | 4.500% | 5/1/29 | 16,738 | 18,874 | ||
International Flavors & Fragrances Inc. | 4.450% | 9/26/28 | 6,592 | 7,590 | ||
International Paper Co. | 3.000% | 2/15/27 | 1,200 | 1,304 | ||
Kinross Gold Corp. | 4.500% | 7/15/27 | 11,831 | 13,458 | ||
Linde Inc. | 1.100% | 8/10/30 | 16,629 | 15,541 | ||
LYB International Finance II BV | 3.500% | 3/2/27 | 13,727 | 15,092 | ||
LYB International Finance III LLC | 3.375% | 5/1/30 | 18,756 | 20,234 | ||
LYB International Finance III LLC | 2.250% | 10/1/30 | 12,165 | 12,093 | ||
Martin Marietta Materials Inc. | 3.450% | 6/1/27 | 6,498 | 7,222 | ||
Martin Marietta Materials Inc. | 3.500% | 12/15/27 | 8,609 | 9,648 | ||
1 | Martin Marietta Materials Inc. | 2.500% | 3/15/30 | 13,969 | 14,419 | |
Mosaic Co. | 4.050% | 11/15/27 | 15,705 | 17,727 | ||
Newmont Corp. | 2.800% | 10/1/29 | 25,283 | 26,402 | ||
Newmont Corp. | 2.250% | 10/1/30 | 11,278 | 11,133 | ||
Nucor Corp. | 3.950% | 5/1/28 | 9,501 | 10,787 | ||
Nucor Corp. | 2.700% | 6/1/30 | 10,772 | 11,316 | ||
Nutrien Ltd. | 4.000% | 12/15/26 | 11,561 | 13,101 | ||
Nutrien Ltd. | 4.200% | 4/1/29 | 10,797 | 12,497 | ||
Nutrien Ltd. | 2.950% | 5/13/30 | 21,827 | 23,293 | ||
Packaging Corp. of America | 3.400% | 12/15/27 | 14,713 | 16,389 | ||
Packaging Corp. of America | 3.000% | 12/15/29 | 7,685 | 8,242 | ||
PPG Industries Inc. | 3.750% | 3/15/28 | 5,125 | 5,887 | ||
PPG Industries Inc. | 2.800% | 8/15/29 | 8,017 | 8,502 | ||
PPG Industries Inc. | 2.550% | 6/15/30 | 10,506 | 10,909 | ||
Reliance Steel & Aluminum Co. | 2.150% | 8/15/30 | 8,253 | 8,116 | ||
Rio Tinto Finance USA Ltd. | 7.125% | 7/15/28 | 11,407 | 15,528 | ||
Rohm & Haas Co. | 7.850% | 7/15/29 | 19,708 | 27,047 | ||
RPM International Inc. | 3.750% | 3/15/27 | 7,927 | 8,862 | ||
RPM International Inc. | 4.550% | 3/1/29 | 9,170 | 10,435 | ||
Sherwin-Williams Co. | 3.450% | 6/1/27 | 6,407 | 7,051 | ||
Sherwin-Williams Co. | 2.950% | 8/15/29 | 36,138 | 38,326 | ||
Sherwin-Williams Co. | 2.300% | 5/15/30 | 17,662 | 17,805 | ||
Sonoco Products Co. | 3.125% | 5/1/30 | 12,799 | 13,542 | ||
Steel Dynamics Inc. | 1.650% | 10/15/27 | 4,661 | 4,687 | ||
Steel Dynamics Inc. | 3.450% | 4/15/30 | 21,955 | 23,711 | ||
Steel Dynamics Inc. | 3.250% | 1/15/31 | 18,326 | 19,517 | ||
Suzano Austria GmbH | 6.000% | 1/15/29 | 45,622 | 54,703 | ||
Suzano Austria GmbH | 5.000% | 1/15/30 | 31,929 | 36,052 | ||
Suzano Austria GmbH | 3.750% | 1/15/31 | 19,900 | 21,112 | ||
Teck Resources Ltd. | 3.900% | 7/15/30 | 12,575 | 13,638 | ||
Vale Overseas Ltd. | 6.250% | 8/10/26 | 35,922 | 43,376 | ||
Vale Overseas Ltd. | 3.750% | 7/8/30 | 37,526 | 40,057 | ||
Vulcan Materials Co. | 3.900% | 4/1/27 | 8,252 | 9,348 | ||
Vulcan Materials Co. | 3.500% | 6/1/30 | 17,590 | 19,454 | ||
Westlake Chemical Corp. | 3.600% | 8/15/26 | 23,233 | 25,525 | ||
Westlake Chemical Corp. | 3.375% | 6/15/30 | 3,233 | 3,453 | ||
WestRock MWV LLC | 8.200% | 1/15/30 | 2,818 | 3,924 | ||
WestRock MWV LLC | 7.950% | 2/15/31 | 1,640 | 2,301 | ||
WRKCo Inc. | 4.650% | 3/15/26 | 12,828 | 14,759 | ||
WRKCo Inc. | 3.375% | 9/15/27 | 11,985 | 13,173 | ||
WRKCo Inc. | 4.000% | 3/15/28 | 11,425 | 12,859 | ||
WRKCo Inc. | 3.900% | 6/1/28 | 17,543 | 19,666 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
WRKCo Inc. | 4.900% | 3/15/29 | 31,570 | 37,887 | ||
1,322,146 | ||||||
Real Estate (6.39%) | ||||||
Alexandria Real Estate Equities Inc. | 4.300% | 1/15/26 | 498 | 568 | ||
Alexandria Real Estate Equities Inc. | 3.800% | 4/15/26 | 13,166 | 14,798 | ||
Alexandria Real Estate Equities Inc. | 3.950% | 1/15/27 | 6,078 | 6,850 | ||
Alexandria Real Estate Equities Inc. | 3.950% | 1/15/28 | 10,789 | 12,179 | ||
Alexandria Real Estate Equities Inc. | 4.500% | 7/30/29 | 3,959 | 4,667 | ||
Alexandria Real Estate Equities Inc. | 2.750% | 12/15/29 | 9,814 | 10,267 | ||
Alexandria Real Estate Equities Inc. | 4.700% | 7/1/30 | 10,848 | 12,961 | ||
Alexandria Real Estate Equities Inc. | 4.900% | 12/15/30 | 20,025 | 24,379 | ||
American Assets Trust LP | 3.375% | 2/1/31 | 10,364 | 10,562 | ||
American Campus Communities Operating Partnership LP | 3.300% | 7/15/26 | 8,527 | 9,298 | ||
American Campus Communities Operating Partnership LP | 3.625% | 11/15/27 | 13,303 | 14,738 | ||
American Campus Communities Operating Partnership LP | 2.850% | 2/1/30 | 4,853 | 4,975 | ||
American Campus Communities Operating Partnership LP | 3.875% | 1/30/31 | 1,575 | 1,740 | ||
American Homes 4 Rent LP | 4.250% | 2/15/28 | 10,623 | 11,887 | ||
American Homes 4 Rent LP | 4.900% | 2/15/29 | 9,774 | 11,399 | ||
American Tower Corp. | 3.375% | 10/15/26 | 28,522 | 31,223 | ||
American Tower Corp. | 2.750% | 1/15/27 | 11,580 | 12,201 | ||
American Tower Corp. | 3.125% | 1/15/27 | 17,475 | 18,890 | ||
American Tower Corp. | 3.550% | 7/15/27 | 13,743 | 15,177 | ||
American Tower Corp. | 3.600% | 1/15/28 | 16,477 | 18,230 | ||
American Tower Corp. | 1.500% | 1/31/28 | 11,520 | 11,265 | ||
American Tower Corp. | 3.950% | 3/15/29 | 16,495 | 18,483 | ||
American Tower Corp. | 3.800% | 8/15/29 | 39,330 | 43,889 | ||
American Tower Corp. | 2.900% | 1/15/30 | 23,181 | 24,328 | ||
American Tower Corp. | 2.100% | 6/15/30 | 8,835 | 8,664 | ||
American Tower Corp. | 1.875% | 10/15/30 | 14,370 | 13,791 | ||
1 | AvalonBay Communities Inc. | 2.950% | 5/11/26 | 8,013 | 8,677 | |
1 | AvalonBay Communities Inc. | 2.900% | 10/15/26 | 10,630 | 11,537 | |
1 | AvalonBay Communities Inc. | 3.350% | 5/15/27 | 9,674 | 10,673 | |
1 | AvalonBay Communities Inc. | 3.200% | 1/15/28 | 9,530 | 10,332 | |
1 | AvalonBay Communities Inc. | 3.300% | 6/1/29 | 9,158 | 9,980 | |
1 | AvalonBay Communities Inc. | 2.300% | 3/1/30 | 12,048 | 12,255 | |
1 | AvalonBay Communities Inc. | 2.450% | 1/15/31 | 2,435 | 2,497 | |
Boston Properties LP | 3.650% | 2/1/26 | 5,585 | 6,200 | ||
Boston Properties LP | 2.750% | 10/1/26 | 40,524 | 43,291 | ||
Boston Properties LP | 4.500% | 12/1/28 | 5,857 | 6,806 | ||
Boston Properties LP | 3.400% | 6/21/29 | 20,932 | 22,394 | ||
Boston Properties LP | 2.900% | 3/15/30 | 12,027 | 12,460 | ||
Boston Properties LP | 3.250% | 1/30/31 | 24,317 | 25,699 | ||
Brandywine Operating Partnership LP | 3.950% | 11/15/27 | 11,122 | 11,793 | ||
Brandywine Operating Partnership LP | 4.550% | 10/1/29 | 11,817 | 12,711 | ||
Brixmor Operating Partnership LP | 4.125% | 6/15/26 | 1,302 | 1,463 | ||
Brixmor Operating Partnership LP | 3.900% | 3/15/27 | 11,128 | 12,364 | ||
Brixmor Operating Partnership LP | 4.125% | 5/15/29 | 21,008 | 23,369 | ||
Brixmor Operating Partnership LP | 4.050% | 7/1/30 | 24,913 | 27,344 | ||
Camden Property Trust | 4.100% | 10/15/28 | 7,162 | 8,198 | ||
Camden Property Trust | 3.150% | 7/1/29 | 24,269 | 26,174 | ||
Camden Property Trust | 2.800% | 5/15/30 | 10,319 | 10,877 | ||
CBRE Services Inc. | 4.875% | 3/1/26 | 11,296 | 13,103 | ||
Columbia Property Trust Operating Partnership LP | 3.650% | 8/15/26 | 4,567 | 4,700 | ||
Corporate Office Properties LP | 2.250% | 3/15/26 | 5,250 | 5,387 | ||
Crown Castle International Corp. | 3.700% | 6/15/26 | 23,292 | 25,745 | ||
Crown Castle International Corp. | 1.050% | 7/15/26 | 5,500 | 5,382 | ||
Crown Castle International Corp. | 4.000% | 3/1/27 | 12,553 | 14,099 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Crown Castle International Corp. | 3.650% | 9/1/27 | 15,876 | 17,605 | ||
Crown Castle International Corp. | 3.800% | 2/15/28 | 25,890 | 28,613 | ||
Crown Castle International Corp. | 4.300% | 2/15/29 | 13,440 | 15,298 | ||
Crown Castle International Corp. | 3.100% | 11/15/29 | 17,285 | 18,172 | ||
Crown Castle International Corp. | 3.300% | 7/1/30 | 12,596 | 13,591 | ||
Crown Castle International Corp. | 2.250% | 1/15/31 | 22,830 | 22,334 | ||
Crown Castle International Corp. | 2.100% | 4/1/31 | 7,500 | 7,246 | ||
CubeSmart LP | 3.125% | 9/1/26 | 8,358 | 9,061 | ||
CubeSmart LP | 4.375% | 2/15/29 | 7,697 | 8,791 | ||
CubeSmart LP | 3.000% | 2/15/30 | 2,325 | 2,433 | ||
CubeSmart LP | 2.000% | 2/15/31 | 4,277 | 4,115 | ||
CyrusOne LP | 3.450% | 11/15/29 | 13,278 | 13,938 | ||
CyrusOne LP | 2.150% | 11/1/30 | 10,050 | 9,531 | ||
Digital Realty Trust LP | 3.700% | 8/15/27 | 7,847 | 8,805 | ||
Digital Realty Trust LP | 4.450% | 7/15/28 | 14,001 | 16,271 | ||
Digital Realty Trust LP | 3.600% | 7/1/29 | 38,899 | 42,939 | ||
Duke Realty LP | 3.250% | 6/30/26 | 5,614 | 6,136 | ||
Duke Realty LP | 3.375% | 12/15/27 | 10,479 | 11,564 | ||
Duke Realty LP | 4.000% | 9/15/28 | 11,514 | 13,090 | ||
Duke Realty LP | 2.875% | 11/15/29 | 10,214 | 10,872 | ||
Duke Realty LP | 1.750% | 7/1/30 | 8,942 | 8,699 | ||
Duke Realty LP | 1.750% | 2/1/31 | 2,000 | 1,929 | ||
Equinix Inc. | 2.900% | 11/18/26 | 27,570 | 29,601 | ||
Equinix Inc. | 5.375% | 5/15/27 | 17,636 | 19,047 | ||
Equinix Inc. | 1.800% | 7/15/27 | 13,593 | 13,653 | ||
Equinix Inc. | 1.550% | 3/15/28 | 9,982 | 9,809 | ||
Equinix Inc. | 3.200% | 11/18/29 | 21,452 | 22,773 | ||
Equinix Inc. | 2.150% | 7/15/30 | 25,505 | 24,927 | ||
ERP Operating LP | 2.850% | 11/1/26 | 12,015 | 12,894 | ||
ERP Operating LP | 3.250% | 8/1/27 | 8,792 | 9,636 | ||
ERP Operating LP | 3.500% | 3/1/28 | 12,450 | 13,654 | ||
ERP Operating LP | 4.150% | 12/1/28 | 6,402 | 7,350 | ||
ERP Operating LP | 3.000% | 7/1/29 | 18,895 | 20,208 | ||
ERP Operating LP | 2.500% | 2/15/30 | 16,793 | 17,387 | ||
Essex Portfolio LP | 3.375% | 4/15/26 | 11,494 | 12,659 | ||
Essex Portfolio LP | 3.625% | 5/1/27 | 7,581 | 8,389 | ||
3 | Essex Portfolio LP | 1.700% | 3/1/28 | 3,000 | 2,951 | |
Essex Portfolio LP | 4.000% | 3/1/29 | 12,891 | 14,528 | ||
Essex Portfolio LP | 3.000% | 1/15/30 | 21,020 | 22,233 | ||
Federal Realty Investment Trust | 3.250% | 7/15/27 | 9,812 | 10,556 | ||
Federal Realty Investment Trust | 3.200% | 6/15/29 | 7,635 | 8,119 | ||
Federal Realty Investment Trust | 3.500% | 6/1/30 | 9,361 | 10,134 | ||
GLP Capital LP | 5.375% | 4/15/26 | 12,547 | 14,466 | ||
GLP Capital LP | 5.750% | 6/1/28 | 13,666 | 16,015 | ||
GLP Capital LP | 5.300% | 1/15/29 | 22,077 | 25,321 | ||
GLP Capital LP | 4.000% | 1/15/30 | 18,278 | 19,461 | ||
GLP Capital LP | 4.000% | 1/15/31 | 16,375 | 17,402 | ||
Healthcare Realty Trust Inc. | 3.625% | 1/15/28 | 8,253 | 8,995 | ||
Healthcare Realty Trust Inc. | 2.400% | 3/15/30 | 5,977 | 5,972 | ||
Healthcare Trust of America Holdings LP | 3.500% | 8/1/26 | 12,400 | 13,706 | ||
Healthcare Trust of America Holdings LP | 3.750% | 7/1/27 | 9,902 | 11,141 | ||
Healthcare Trust of America Holdings LP | 3.100% | 2/15/30 | 11,320 | 11,931 | ||
Healthpeak Properties Inc. | 3.250% | 7/15/26 | 14,454 | 15,904 | ||
Healthpeak Properties Inc. | 3.500% | 7/15/29 | 12,704 | 13,969 | ||
Healthpeak Properties Inc. | 3.000% | 1/15/30 | 16,154 | 17,100 | ||
Healthpeak Properties Inc. | 2.875% | 1/15/31 | 2,800 | 2,918 | ||
Highwoods Realty LP | 3.875% | 3/1/27 | 13,676 | 14,881 | ||
Highwoods Realty LP | 4.125% | 3/15/28 | 6,965 | 7,736 | ||
Highwoods Realty LP | 4.200% | 4/15/29 | 12,136 | 13,495 | ||
Highwoods Realty LP | 3.050% | 2/15/30 | 4,255 | 4,379 | ||
Highwoods Realty LP | 2.600% | 2/1/31 | 999 | 989 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
1 | Host Hotels & Resorts LP | 4.500% | 2/1/26 | 411 | 449 | |
1 | Host Hotels & Resorts LP | 3.375% | 12/15/29 | 16,744 | 16,840 | |
1 | Host Hotels & Resorts LP | 3.500% | 9/15/30 | 17,868 | 18,148 | |
Hudson Pacific Properties LP | 3.950% | 11/1/27 | 7,736 | 8,383 | ||
Hudson Pacific Properties LP | 4.650% | 4/1/29 | 11,366 | 12,900 | ||
Hudson Pacific Properties LP | 3.250% | 1/15/30 | 10,640 | 10,973 | ||
Kilroy Realty LP | 4.750% | 12/15/28 | 12,308 | 14,054 | ||
Kilroy Realty LP | 4.250% | 8/15/29 | 9,049 | 10,191 | ||
Kilroy Realty LP | 3.050% | 2/15/30 | 8,163 | 8,418 | ||
Kimco Realty Corp. | 2.800% | 10/1/26 | 10,312 | 11,066 | ||
Kimco Realty Corp. | 3.800% | 4/1/27 | 11,102 | 12,362 | ||
Kimco Realty Corp. | 1.900% | 3/1/28 | 12,404 | 12,355 | ||
Kimco Realty Corp. | 2.700% | 10/1/30 | 7,100 | 7,260 | ||
Kite Realty Group LP | 4.000% | 10/1/26 | 6,465 | 6,759 | ||
Lexington Realty Trust | 2.700% | 9/15/30 | 7,478 | 7,503 | ||
Life Storage LP | 3.875% | 12/15/27 | 6,774 | 7,635 | ||
Life Storage LP | 4.000% | 6/15/29 | 14,910 | 16,654 | ||
Life Storage LP | 2.200% | 10/15/30 | 9,435 | 9,227 | ||
LifeStorage LP | 3.500% | 7/1/26 | 9,817 | 10,847 | ||
Mid-America Apartments LP | 3.600% | 6/1/27 | 7,533 | 8,348 | ||
Mid-America Apartments LP | 4.200% | 6/15/28 | 7,061 | 8,105 | ||
Mid-America Apartments LP | 3.950% | 3/15/29 | 22,245 | 25,100 | ||
Mid-America Apartments LP | 2.750% | 3/15/30 | 6,712 | 6,989 | ||
Mid-America Apartments LP | 1.700% | 2/15/31 | 2,280 | 2,180 | ||
National Health Investors Inc. | 3.000% | 2/1/31 | 8,983 | 8,718 | ||
National Retail Properties Inc. | 3.600% | 12/15/26 | 7,613 | 8,386 | ||
National Retail Properties Inc. | 3.500% | 10/15/27 | 9,594 | 10,459 | ||
National Retail Properties Inc. | 4.300% | 10/15/28 | 14,925 | 16,989 | ||
National Retail Properties Inc. | 2.500% | 4/15/30 | 7,314 | 7,379 | ||
Omega Healthcare Investors Inc. | 5.250% | 1/15/26 | 225 | 255 | ||
Omega Healthcare Investors Inc. | 4.500% | 4/1/27 | 16,363 | 18,228 | ||
Omega Healthcare Investors Inc. | 4.750% | 1/15/28 | 14,140 | 15,742 | ||
Omega Healthcare Investors Inc. | 3.625% | 10/1/29 | 21,043 | 21,885 | ||
Omega Healthcare Investors Inc. | 3.375% | 2/1/31 | 4,650 | 4,744 | ||
Physicians Realty LP | 4.300% | 3/15/27 | 8,419 | 9,337 | ||
Physicians Realty LP | 3.950% | 1/15/28 | 6,735 | 7,202 | ||
Piedmont Operating Partnership LP | 3.150% | 8/15/30 | 6,988 | 6,993 | ||
Prologis LP | 3.250% | 10/1/26 | 19,935 | 22,042 | ||
Prologis LP | 2.125% | 4/15/27 | 25,733 | 26,735 | ||
Prologis LP | 3.875% | 9/15/28 | 8,922 | 10,233 | ||
Prologis LP | 4.375% | 2/1/29 | 5,117 | 6,049 | ||
Prologis LP | 2.250% | 4/15/30 | 17,084 | 17,322 | ||
Prologis LP | 1.250% | 10/15/30 | 5,650 | 5,320 | ||
Public Storage | 0.875% | 2/15/26 | 8,473 | 8,336 | ||
Public Storage | 3.094% | 9/15/27 | 8,862 | 9,779 | ||
Public Storage | 3.385% | 5/1/29 | 12,366 | 13,777 | ||
Realty Income Corp. | 0.750% | 3/15/26 | 5,350 | 5,230 | ||
Realty Income Corp. | 4.125% | 10/15/26 | 17,762 | 20,391 | ||
Realty Income Corp. | 3.000% | 1/15/27 | 19,042 | 20,632 | ||
Realty Income Corp. | 3.650% | 1/15/28 | 12,935 | 14,231 | ||
Realty Income Corp. | 3.250% | 6/15/29 | 16,064 | 17,319 | ||
Realty Income Corp. | 3.250% | 1/15/31 | 15,903 | 17,286 | ||
Regency Centers LP | 3.600% | 2/1/27 | 9,337 | 10,215 | ||
Regency Centers LP | 4.125% | 3/15/28 | 7,625 | 8,497 | ||
Regency Centers LP | 2.950% | 9/15/29 | 11,008 | 11,458 | ||
Regency Centers LP | 3.700% | 6/15/30 | 10,500 | 11,513 | ||
Retail Properties of America Inc. | 4.750% | 9/15/30 | 9,063 | 9,768 | ||
Rexford Industrial Realty LP | 2.125% | 12/1/30 | 1,750 | 1,684 | ||
Sabra Health Care LP | 5.125% | 8/15/26 | 24,633 | 27,820 | ||
Sabra Health Care LP | 3.900% | 10/15/29 | 9,866 | 10,058 | ||
Simon Property Group LP | 3.300% | 1/15/26 | 460 | 499 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Simon Property Group LP | 3.250% | 11/30/26 | 19,625 | 21,403 | ||
Simon Property Group LP | 3.375% | 6/15/27 | 12,306 | 13,522 | ||
Simon Property Group LP | 3.375% | 12/1/27 | 20,700 | 22,774 | ||
Simon Property Group LP | 1.750% | 2/1/28 | 17,700 | 17,437 | ||
Simon Property Group LP | 2.450% | 9/13/29 | 25,246 | 25,546 | ||
Simon Property Group LP | 2.650% | 7/15/30 | 18,215 | 18,496 | ||
Simon Property Group LP | 2.200% | 2/1/31 | 11,040 | 10,759 | ||
SITE Centers Corp. | 4.250% | 2/1/26 | 300 | 323 | ||
SITE Centers Corp. | 4.700% | 6/1/27 | 11,884 | 13,124 | ||
Spirit Realty LP | 4.450% | 9/15/26 | 5,034 | 5,665 | ||
Spirit Realty LP | 3.200% | 1/15/27 | 6,875 | 7,241 | ||
Spirit Realty LP | 4.000% | 7/15/29 | 13,259 | 14,678 | ||
Spirit Realty LP | 3.400% | 1/15/30 | 8,331 | 8,790 | ||
Spirit Realty LP | 3.200% | 2/15/31 | 1,290 | 1,336 | ||
STORE Capital Corp. | 4.500% | 3/15/28 | 6,620 | 7,399 | ||
STORE Capital Corp. | 4.625% | 3/15/29 | 6,509 | 7,379 | ||
STORE Capital Corp. | 2.750% | 11/18/30 | 13,039 | 12,976 | ||
Tanger Properties LP | 3.125% | 9/1/26 | 8,449 | 8,756 | ||
Tanger Properties LP | 3.875% | 7/15/27 | 6,868 | 7,276 | ||
1 | UDR Inc. | 2.950% | 9/1/26 | 6,590 | 7,138 | |
1 | UDR Inc. | 3.500% | 7/1/27 | 5,634 | 6,184 | |
1 | UDR Inc. | 3.500% | 1/15/28 | 6,252 | 6,831 | |
1 | UDR Inc. | 4.400% | 1/26/29 | 10,229 | 11,848 | |
1 | UDR Inc. | 3.200% | 1/15/30 | 12,329 | 13,197 | |
Ventas Realty LP | 4.125% | 1/15/26 | 6,227 | 7,052 | ||
Ventas Realty LP | 3.250% | 10/15/26 | 14,598 | 15,831 | ||
Ventas Realty LP | 3.850% | 4/1/27 | 6,913 | 7,675 | ||
Ventas Realty LP | 4.000% | 3/1/28 | 8,048 | 9,048 | ||
Ventas Realty LP | 4.400% | 1/15/29 | 20,029 | 22,788 | ||
Ventas Realty LP | 3.000% | 1/15/30 | 9,002 | 9,352 | ||
Ventas Realty LP | 4.750% | 11/15/30 | 10,730 | 12,660 | ||
VEREIT Operating Partnership LP | 4.875% | 6/1/26 | 10,077 | 11,707 | ||
VEREIT Operating Partnership LP | 3.950% | 8/15/27 | 12,274 | 13,800 | ||
VEREIT Operating Partnership LP | 3.400% | 1/15/28 | 19,491 | 20,952 | ||
VEREIT Operating Partnership LP | 2.200% | 6/15/28 | 10,717 | 10,639 | ||
VEREIT Operating Partnership LP | 3.100% | 12/15/29 | 11,908 | 12,382 | ||
Welltower Inc. | 4.250% | 4/1/26 | 10,773 | 12,272 | ||
Welltower Inc. | 2.700% | 2/15/27 | 19,300 | 20,574 | ||
Welltower Inc. | 4.250% | 4/15/28 | 23,745 | 26,981 | ||
Welltower Inc. | 4.125% | 3/15/29 | 12,976 | 14,675 | ||
Welltower Inc. | 3.100% | 1/15/30 | 14,154 | 14,947 | ||
Welltower Inc. | 2.750% | 1/15/31 | 13,600 | 13,893 | ||
Weyerhaeuser Co. | 6.950% | 10/1/27 | 3,674 | 4,728 | ||
Weyerhaeuser Co. | 4.000% | 11/15/29 | 19,160 | 21,771 | ||
Weyerhaeuser Co. | 4.000% | 4/15/30 | 29,768 | 33,888 | ||
WP Carey Inc. | 4.250% | 10/1/26 | 6,982 | 7,954 | ||
WP Carey Inc. | 3.850% | 7/15/29 | 8,587 | 9,539 | ||
WP Carey Inc. | 2.400% | 2/1/31 | 12,000 | 12,025 | ||
2,882,709 | ||||||
Technology (9.10%) | ||||||
Adobe Inc. | 2.150% | 2/1/27 | 25,779 | 27,006 | ||
Adobe Inc. | 2.300% | 2/1/30 | 26,288 | 27,125 | ||
Amdocs Ltd. | 2.538% | 6/15/30 | 14,900 | 15,034 | ||
Analog Devices Inc. | 3.500% | 12/5/26 | 20,531 | 22,904 | ||
Apple Inc. | 2.450% | 8/4/26 | 44,098 | 46,955 | ||
Apple Inc. | 2.050% | 9/11/26 | 50,602 | 52,947 | ||
Apple Inc. | 3.350% | 2/9/27 | 52,809 | 58,769 | ||
Apple Inc. | 3.200% | 5/11/27 | 57,983 | 64,156 | ||
Apple Inc. | 3.000% | 6/20/27 | 15,531 | 17,104 | ||
Apple Inc. | 2.900% | 9/12/27 | 47,810 | 52,033 | ||
Apple Inc. | 3.000% | 11/13/27 | 25,942 | 28,562 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Apple Inc. | 1.200% | 2/8/28 | 56,000 | 54,816 | ||
Apple Inc. | 2.200% | 9/11/29 | 38,356 | 39,474 | ||
Apple Inc. | 1.650% | 5/11/30 | 21,273 | 20,833 | ||
Apple Inc. | 1.250% | 8/20/30 | 20,402 | 19,282 | ||
Apple Inc. | 1.650% | 2/8/31 | 78,950 | 77,070 | ||
Applied Materials Inc. | 3.300% | 4/1/27 | 26,263 | 29,178 | ||
Applied Materials Inc. | 1.750% | 6/1/30 | 19,221 | 19,009 | ||
Arrow Electronics Inc. | 3.875% | 1/12/28 | 11,217 | 12,392 | ||
Autodesk Inc. | 3.500% | 6/15/27 | 9,415 | 10,436 | ||
Autodesk Inc. | 2.850% | 1/15/30 | 13,847 | 14,633 | ||
Automatic Data Processing Inc. | 1.250% | 9/1/30 | 18,975 | 18,069 | ||
Avnet Inc. | 4.625% | 4/15/26 | 11,450 | 12,806 | ||
Broadcom Corp. | 3.875% | 1/15/27 | 117,250 | 128,459 | ||
Broadcom Corp. | 3.500% | 1/15/28 | 23,456 | 25,117 | ||
Broadcom Inc. | 4.250% | 4/15/26 | 50,863 | 56,931 | ||
Broadcom Inc. | 3.459% | 9/15/26 | 41,749 | 45,160 | ||
1,2 | Broadcom Inc. | 1.950% | 2/15/28 | 5,300 | 5,203 | |
Broadcom Inc. | 4.110% | 9/15/28 | 48,323 | 53,497 | ||
Broadcom Inc. | 4.750% | 4/15/29 | 68,348 | 78,189 | ||
Broadcom Inc. | 5.000% | 4/15/30 | 67,789 | 78,786 | ||
Broadcom Inc. | 4.150% | 11/15/30 | 57,261 | 63,065 | ||
1,2 | Broadcom Inc. | 2.450% | 2/15/31 | 40,000 | 38,884 | |
Broadridge Financial Solutions Inc. | 3.400% | 6/27/26 | 12,212 | 13,407 | ||
Broadridge Financial Solutions Inc. | 2.900% | 12/1/29 | 16,417 | 17,211 | ||
CA Inc. | 4.700% | 3/15/27 | 6,719 | 7,582 | ||
Cisco Systems Inc. | 2.500% | 9/20/26 | 36,355 | 39,270 | ||
Citrix Systems Inc. | 1.250% | 3/1/26 | 17,000 | 16,919 | ||
Citrix Systems Inc. | 4.500% | 12/1/27 | 11,173 | 12,849 | ||
Citrix Systems Inc. | 3.300% | 3/1/30 | 18,361 | 19,326 | ||
1,2 | Dell International LLC | 6.020% | 6/15/26 | 76,562 | 91,531 | |
1,2 | Dell International LLC | 4.900% | 10/1/26 | 60,009 | 69,113 | |
1,2 | Dell International LLC | 6.100% | 7/15/27 | 22,811 | 27,983 | |
1,2 | Dell International LLC | 5.300% | 10/1/29 | 51,865 | 61,388 | |
1,2 | Dell International LLC | 6.200% | 7/15/30 | 14,563 | 18,476 | |
DXC Technology Co. | 4.750% | 4/15/27 | 18,397 | 20,896 | ||
Equifax Inc. | 3.100% | 5/15/30 | 23,777 | 25,251 | ||
3 | Fidelity National Information Services Inc. | 1.150% | 3/1/26 | 22,000 | 21,887 | |
Fidelity National Information Services Inc. | 3.000% | 8/15/26 | 35,830 | 39,282 | ||
3 | Fidelity National Information Services Inc. | 1.650% | 3/1/28 | 15,500 | 15,363 | |
1 | Fidelity National Information Services Inc. | 4.250% | 5/15/28 | 9,207 | 10,565 | |
Fidelity National Information Services Inc. | 3.750% | 5/21/29 | 26,440 | 29,725 | ||
Fiserv Inc. | 3.200% | 7/1/26 | 48,899 | 53,213 | ||
Fiserv Inc. | 2.250% | 6/1/27 | 13,601 | 14,143 | ||
Fiserv Inc. | 4.200% | 10/1/28 | 27,529 | 31,487 | ||
Fiserv Inc. | 3.500% | 7/1/29 | 68,602 | 75,333 | ||
Fiserv Inc. | 2.650% | 6/1/30 | 18,427 | 19,064 | ||
Flex Ltd. | 4.875% | 6/15/29 | 19,487 | 22,518 | ||
Flex Ltd. | 4.875% | 5/12/30 | 12,514 | 14,571 | ||
FLIR Systems Inc. | 2.500% | 8/1/30 | 11,132 | 11,473 | ||
3 | Fortinet Inc. | 1.000% | 3/15/26 | 10,000 | 9,899 | |
3 | Fortinet Inc. | 2.200% | 3/15/31 | 5,000 | 4,977 | |
Hewlett Packard Enterprise Co. | 1.750% | 4/1/26 | 17,258 | 17,567 | ||
HP Inc. | 3.000% | 6/17/27 | 18,148 | 19,639 | ||
HP Inc. | 3.400% | 6/17/30 | 24,334 | 26,235 | ||
IHS Markit Ltd. | 4.750% | 8/1/28 | 14,472 | 16,932 | ||
IHS Markit Ltd. | 4.250% | 5/1/29 | 20,961 | 24,027 | ||
Intel Corp. | 2.600% | 5/19/26 | 20,769 | 22,239 | ||
Intel Corp. | 3.750% | 3/25/27 | 25,902 | 29,365 | ||
Intel Corp. | 3.150% | 5/11/27 | 21,849 | 24,095 | ||
Intel Corp. | 2.450% | 11/15/29 | 45,833 | 48,053 | ||
Intel Corp. | 3.900% | 3/25/30 | 28,924 | 33,516 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
International Business Machines Corp. | 3.300% | 5/15/26 | 85,578 | 94,531 | ||
International Business Machines Corp. | 3.300% | 1/27/27 | 11,675 | 12,890 | ||
International Business Machines Corp. | 1.700% | 5/15/27 | 21,438 | 21,667 | ||
International Business Machines Corp. | 6.220% | 8/1/27 | 7,782 | 10,122 | ||
International Business Machines Corp. | 6.500% | 1/15/28 | 4,250 | 5,497 | ||
International Business Machines Corp. | 3.500% | 5/15/29 | 62,940 | 69,478 | ||
International Business Machines Corp. | 1.950% | 5/15/30 | 26,902 | 26,639 | ||
Intuit Inc. | 1.350% | 7/15/27 | 13,025 | 13,006 | ||
Intuit Inc. | 1.650% | 7/15/30 | 8,640 | 8,472 | ||
Jabil Inc. | 3.950% | 1/12/28 | 12,538 | 13,995 | ||
Jabil Inc. | 3.600% | 1/15/30 | 12,030 | 12,888 | ||
Jabil Inc. | 3.000% | 1/15/31 | 13,059 | 13,319 | ||
Juniper Networks Inc. | 3.750% | 8/15/29 | 14,215 | 15,637 | ||
KLA Corp. | 4.100% | 3/15/29 | 14,543 | 16,752 | ||
Lam Research Corp. | 3.750% | 3/15/26 | 11,534 | 12,946 | ||
Lam Research Corp. | 4.000% | 3/15/29 | 20,523 | 23,718 | ||
Lam Research Corp. | 1.900% | 6/15/30 | 19,088 | 19,045 | ||
1,2 | Leidos Inc. | 4.375% | 5/15/30 | 17,879 | 20,360 | |
1,2 | Leidos Inc. | 2.300% | 2/15/31 | 22,500 | 22,025 | |
Marvell Technology Group Ltd. | 4.875% | 6/22/28 | 11,737 | 13,688 | ||
Maxim Integrated Products Inc. | 3.450% | 6/15/27 | 7,470 | 8,276 | ||
Micron Technology Inc. | 4.185% | 2/15/27 | 31,756 | 35,964 | ||
Micron Technology Inc. | 5.327% | 2/6/29 | 10,091 | 12,109 | ||
Micron Technology Inc. | 4.663% | 2/15/30 | 18,090 | 21,052 | ||
Microsoft Corp. | 2.400% | 8/8/26 | 96,792 | 103,410 | ||
Microsoft Corp. | 3.300% | 2/6/27 | 84,269 | 93,886 | ||
Moody's Corp. | 3.250% | 1/15/28 | 11,666 | 12,743 | ||
Moody's Corp. | 4.250% | 2/1/29 | 7,489 | 8,694 | ||
Motorola Solutions Inc. | 4.600% | 2/23/28 | 21,575 | 25,017 | ||
Motorola Solutions Inc. | 4.600% | 5/23/29 | 12,656 | 14,694 | ||
Motorola Solutions Inc. | 2.300% | 11/15/30 | 20,423 | 20,008 | ||
NetApp Inc. | 2.375% | 6/22/27 | 14,325 | 14,921 | ||
NetApp Inc. | 2.700% | 6/22/30 | 14,261 | 14,742 | ||
NVIDIA Corp. | 3.200% | 9/16/26 | 31,216 | 34,468 | ||
NVIDIA Corp. | 2.850% | 4/1/30 | 23,620 | 25,343 | ||
1,2 | NXP BV | 5.350% | 3/1/26 | 5,725 | 6,747 | |
1,2 | NXP BV | 3.875% | 6/18/26 | 16,968 | 18,941 | |
1,2 | NXP BV | 3.150% | 5/1/27 | 16,118 | 17,463 | |
1,2 | NXP BV | 5.550% | 12/1/28 | 10,891 | 13,390 | |
1,2 | NXP BV | 4.300% | 6/18/29 | 25,051 | 28,769 | |
1,2 | NXP BV | 3.400% | 5/1/30 | 22,525 | 24,481 | |
Oracle Corp. | 2.650% | 7/15/26 | 67,320 | 72,086 | ||
Oracle Corp. | 2.800% | 4/1/27 | 64,003 | 68,806 | ||
Oracle Corp. | 3.250% | 11/15/27 | 53,880 | 59,451 | ||
Oracle Corp. | 2.950% | 4/1/30 | 72,623 | 77,643 | ||
Oracle Corp. | 3.250% | 5/15/30 | 10,326 | 11,310 | ||
QUALCOMM Inc. | 3.250% | 5/20/27 | 42,240 | 46,832 | ||
QUALCOMM Inc. | 1.300% | 5/20/28 | 26,486 | 25,756 | ||
QUALCOMM Inc. | 2.150% | 5/20/30 | 31,650 | 31,858 | ||
Quanta Services Inc. | 2.900% | 10/1/30 | 20,740 | 21,622 | ||
RELX Capital Inc. | 4.000% | 3/18/29 | 16,833 | 19,093 | ||
RELX Capital Inc. | 3.000% | 5/22/30 | 20,033 | 21,388 | ||
S&P Global Inc. | 2.950% | 1/22/27 | 6,916 | 7,490 | ||
S&P Global Inc. | 2.500% | 12/1/29 | 11,027 | 11,573 | ||
S&P Global Inc. | 1.250% | 8/15/30 | 12,471 | 11,761 | ||
salesforce.com Inc. | 3.700% | 4/11/28 | 34,139 | 38,857 | ||
ServiceNow Inc. | 1.400% | 9/1/30 | 32,390 | 30,087 | ||
Texas Instruments Inc. | 2.900% | 11/3/27 | 8,632 | 9,458 | ||
Texas Instruments Inc. | 2.250% | 9/4/29 | 20,080 | 20,671 | ||
Texas Instruments Inc. | 1.750% | 5/4/30 | 15,974 | 15,758 | ||
Verisk Analytics Inc. | 4.125% | 3/15/29 | 19,455 | 22,215 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
VMware Inc. | 4.650% | 5/15/27 | 17,213 | 19,700 | ||
VMware Inc. | 3.900% | 8/21/27 | 9,894 | 10,967 | ||
VMware Inc. | 4.700% | 5/15/30 | 34,356 | 40,171 | ||
Xilinx Inc. | 2.375% | 6/1/30 | 15,838 | 16,074 | ||
4,102,674 | ||||||
Utilities (6.43%) | ||||||
AEP Texas Inc. | 3.950% | 6/1/28 | 17,620 | 20,074 | ||
1 | AEP Texas Inc. | 2.100% | 7/1/30 | 19,063 | 18,997 | |
AEP Transmission Co. LLC | 3.100% | 12/1/26 | 6,218 | 6,798 | ||
1,2 | AES Corp. | 2.450% | 1/15/31 | 22,325 | 21,852 | |
1 | Alabama Power Co. | 1.450% | 9/15/30 | 8,746 | 8,315 | |
3 | Ameren Corp. | 1.750% | 3/15/28 | 9,950 | 9,879 | |
Ameren Corp. | 3.500% | 1/15/31 | 18,235 | 20,087 | ||
Ameren Illinois Co. | 3.800% | 5/15/28 | 6,739 | 7,664 | ||
Ameren Illinois Co. | 1.550% | 11/15/30 | 6,438 | 6,200 | ||
American Electric Power Co. Inc. | 3.200% | 11/13/27 | 10,336 | 11,373 | ||
1 | American Electric Power Co. Inc. | 4.300% | 12/1/28 | 13,200 | 15,213 | |
American Electric Power Co. Inc. | 2.300% | 3/1/30 | 9,352 | 9,389 | ||
American Water Capital Corp. | 2.950% | 9/1/27 | 6,072 | 6,563 | ||
American Water Capital Corp. | 3.750% | 9/1/28 | 9,899 | 11,167 | ||
American Water Capital Corp. | 3.450% | 6/1/29 | 22,761 | 25,206 | ||
American Water Capital Corp. | 2.800% | 5/1/30 | 13,425 | 14,261 | ||
1 | Appalachian Power Co. | 3.300% | 6/1/27 | 5,575 | 6,096 | |
Arizona Public Service Co. | 2.950% | 9/15/27 | 3,994 | 4,362 | ||
Arizona Public Service Co. | 2.600% | 8/15/29 | 7,725 | 8,211 | ||
Atlantic City Electric Co. | 4.000% | 10/15/28 | 5,536 | 6,365 | ||
Atmos Energy Corp. | 3.000% | 6/15/27 | 12,471 | 13,504 | ||
Atmos Energy Corp. | 2.625% | 9/15/29 | 9,647 | 10,109 | ||
Atmos Energy Corp. | 1.500% | 1/15/31 | 9,100 | 8,521 | ||
Avangrid Inc. | 3.800% | 6/1/29 | 17,136 | 19,329 | ||
Baltimore Gas & Electric Co. | 2.400% | 8/15/26 | 6,441 | 6,842 | ||
Berkshire Hathaway Energy Co. | 3.250% | 4/15/28 | 23,516 | 25,962 | ||
1,2 | Berkshire Hathaway Energy Co. | 3.700% | 7/15/30 | 14,856 | 16,866 | |
Black Hills Corp. | 3.150% | 1/15/27 | 4,635 | 5,017 | ||
Black Hills Corp. | 3.050% | 10/15/29 | 12,117 | 12,910 | ||
Black Hills Corp. | 2.500% | 6/15/30 | 4,885 | 4,978 | ||
1 | CenterPoint Energy Houston Electric LLC | 2.400% | 9/1/26 | 4,742 | 5,056 | |
1 | CenterPoint Energy Houston Electric LLC | 3.000% | 2/1/27 | 4,921 | 5,359 | |
CenterPoint Energy Inc. | 4.250% | 11/1/28 | 10,451 | 11,991 | ||
CenterPoint Energy Inc. | 2.950% | 3/1/30 | 7,131 | 7,524 | ||
CenterPoint Energy Resources Corp. | 4.000% | 4/1/28 | 7,521 | 8,535 | ||
CenterPoint Energy Resources Corp. | 1.750% | 10/1/30 | 13,945 | 13,463 | ||
Cleco Corporate Holdings LLC | 3.743% | 5/1/26 | 6,865 | 7,567 | ||
Cleco Corporate Holdings LLC | 3.375% | 9/15/29 | 3,510 | 3,654 | ||
CMS Energy Corp. | 3.000% | 5/15/26 | 7,556 | 8,206 | ||
CMS Energy Corp. | 3.450% | 8/15/27 | 6,136 | 6,799 | ||
1 | CMS Energy Corp. | 4.750% | 6/1/50 | 15,239 | 16,672 | |
CMS Energy Corp. | 3.750% | 12/1/50 | 4,551 | 4,579 | ||
Commonwealth Edison Co. | 2.550% | 6/15/26 | 7,342 | 7,890 | ||
1 | Commonwealth Edison Co. | 2.950% | 8/15/27 | 5,167 | 5,667 | |
Commonwealth Edison Co. | 3.700% | 8/15/28 | 14,014 | 15,964 | ||
Commonwealth Edison Co. | 2.200% | 3/1/30 | 5,464 | 5,621 | ||
1 | Connecticut Light & Power Co. | 3.200% | 3/15/27 | 7,621 | 8,389 | |
1 | Consolidated Edison Co. of New York Inc. | 3.125% | 11/15/27 | 7,000 | 7,661 | |
Consolidated Edison Co. of New York Inc. | 3.800% | 5/15/28 | 5,921 | 6,645 | ||
1 | Consolidated Edison Co. of New York Inc. | 4.000% | 12/1/28 | 6,475 | 7,389 | |
1 | Consolidated Edison Co. of New York Inc. | 3.350% | 4/1/30 | 16,240 | 17,880 | |
Consumers Energy Co. | 3.800% | 11/15/28 | 5,754 | 6,613 | ||
1 | Dominion Energy Inc. | 2.850% | 8/15/26 | 14,722 | 15,858 | |
1 | Dominion Energy Inc. | 3.600% | 3/15/27 | 4,140 | 4,651 | |
Dominion Energy Inc. | 4.250% | 6/1/28 | 9,715 | 11,215 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
1 | Dominion Energy Inc. | 3.375% | 4/1/30 | 26,324 | 28,763 | |
DTE Electric Co. | 2.250% | 3/1/30 | 9,135 | 9,397 | ||
DTE Energy Co. | 2.850% | 10/1/26 | 21,167 | 22,815 | ||
DTE Energy Co. | 3.800% | 3/15/27 | 8,427 | 9,424 | ||
1 | DTE Energy Co. | 3.400% | 6/15/29 | 27,775 | 30,350 | |
DTE Energy Co. | 2.950% | 3/1/30 | 6,203 | 6,607 | ||
Duke Energy Carolinas LLC | 2.950% | 12/1/26 | 19,346 | 21,213 | ||
Duke Energy Carolinas LLC | 3.950% | 11/15/28 | 14,778 | 16,896 | ||
1 | Duke Energy Carolinas LLC | 6.000% | 12/1/28 | 2,975 | 3,786 | |
Duke Energy Carolinas LLC | 2.450% | 8/15/29 | 12,832 | 13,434 | ||
Duke Energy Carolinas LLC | 2.450% | 2/1/30 | 14,108 | 14,587 | ||
Duke Energy Corp. | 2.650% | 9/1/26 | 39,209 | 41,549 | ||
Duke Energy Corp. | 3.150% | 8/15/27 | 11,072 | 12,053 | ||
Duke Energy Corp. | 3.400% | 6/15/29 | 9,617 | 10,492 | ||
Duke Energy Corp. | 2.450% | 6/1/30 | 28,781 | 29,039 | ||
Duke Energy Florida LLC | 3.200% | 1/15/27 | 19,165 | 21,037 | ||
Duke Energy Florida LLC | 3.800% | 7/15/28 | 9,981 | 11,289 | ||
Duke Energy Florida LLC | 2.500% | 12/1/29 | 12,482 | 13,132 | ||
Duke Energy Florida LLC | 1.750% | 6/15/30 | 12,273 | 12,064 | ||
1 | Duke Energy Florida Project Finance LLC | 2.538% | 9/1/29 | 2,419 | 2,550 | |
Duke Energy Ohio Inc. | 3.650% | 2/1/29 | 11,481 | 12,899 | ||
Duke Energy Ohio Inc. | 2.125% | 6/1/30 | 6,375 | 6,393 | ||
Duke Energy Progress LLC | 3.700% | 9/1/28 | 6,392 | 7,174 | ||
Duke Energy Progress LLC | 3.450% | 3/15/29 | 24,102 | 26,724 | ||
1,2 | East Ohio Gas Co. | 2.000% | 6/15/30 | 3,150 | 3,126 | |
1 | Eastern Energy Gas Holdings LLC | 3.000% | 11/15/29 | 6,695 | 7,105 | |
Edison International | 5.750% | 6/15/27 | 10,248 | 12,043 | ||
Edison International | 4.125% | 3/15/28 | 18,145 | 19,677 | ||
Emera US Finance LP | 3.550% | 6/15/26 | 15,403 | 16,868 | ||
Enel Americas SA | 4.000% | 10/25/26 | 12,289 | 13,599 | ||
Enel Chile SA | 4.875% | 6/12/28 | 14,631 | 17,151 | ||
Entergy Arkansas LLC | 3.500% | 4/1/26 | 11,824 | 13,076 | ||
Entergy Corp. | 2.950% | 9/1/26 | 31,057 | 33,328 | ||
Entergy Corp. | 2.800% | 6/15/30 | 15,945 | 16,566 | ||
Entergy Louisiana LLC | 2.400% | 10/1/26 | 11,843 | 12,597 | ||
Entergy Louisiana LLC | 3.120% | 9/1/27 | 9,713 | 10,723 | ||
Entergy Louisiana LLC | 3.250% | 4/1/28 | 5,782 | 6,325 | ||
Entergy Mississippi LLC | 2.850% | 6/1/28 | 12,302 | 13,137 | ||
Entergy Texas Inc. | 4.000% | 3/30/29 | 10,177 | 11,523 | ||
Entergy Texas Inc. | 1.750% | 3/15/31 | 2,000 | 1,930 | ||
Essential Utilities Inc. | 3.566% | 5/1/29 | 11,288 | 12,363 | ||
Essential Utilities Inc. | 2.704% | 4/15/30 | 9,003 | 9,405 | ||
Evergy Inc. | 2.900% | 9/15/29 | 9,831 | 10,390 | ||
Evergy Kansas Central Inc. | 2.550% | 7/1/26 | 10,699 | 11,433 | ||
Evergy Kansas Central Inc. | 3.100% | 4/1/27 | 6,947 | 7,517 | ||
1 | Evergy Metro Inc. | 2.250% | 6/1/30 | 18,387 | 18,802 | |
1 | Eversource Energy | 3.300% | 1/15/28 | 7,845 | 8,619 | |
1 | Eversource Energy | 4.250% | 4/1/29 | 13,634 | 15,908 | |
1 | Eversource Energy | 1.650% | 8/15/30 | 12,693 | 12,192 | |
Exelon Corp. | 3.400% | 4/15/26 | 16,754 | 18,482 | ||
Exelon Corp. | 4.050% | 4/15/30 | 34,424 | 39,320 | ||
Fortis Inc. | 3.055% | 10/4/26 | 18,123 | 19,655 | ||
Georgia Power Co. | 3.250% | 4/1/26 | 8,890 | 9,704 | ||
Georgia Power Co. | 3.250% | 3/30/27 | 9,542 | 10,422 | ||
1 | Georgia Power Co. | 2.650% | 9/15/29 | 23,933 | 24,916 | |
1 | Gulf Power Co. | 3.300% | 5/30/27 | 4,990 | 5,535 | |
Indiana Michigan Power Co. | 3.850% | 5/15/28 | 11,922 | 13,470 | ||
Interstate Power & Light Co. | 4.100% | 9/26/28 | 16,598 | 19,209 | ||
Interstate Power & Light Co. | 3.600% | 4/1/29 | 8,018 | 9,027 | ||
Interstate Power & Light Co. | 2.300% | 6/1/30 | 7,243 | 7,394 | ||
1,2 | IPALCO Enterprises Inc. | 4.250% | 5/1/30 | 11,295 | 12,889 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
ITC Holdings Corp. | 3.250% | 6/30/26 | 7,408 | 8,081 | ||
ITC Holdings Corp. | 3.350% | 11/15/27 | 13,202 | 14,544 | ||
MidAmerican Energy Co. | 3.100% | 5/1/27 | 12,384 | 13,664 | ||
MidAmerican Energy Co. | 3.650% | 4/15/29 | 21,649 | 24,808 | ||
Mississippi Power Co. | 3.950% | 3/30/28 | 4,724 | 5,312 | ||
National Fuel Gas Co. | 3.950% | 9/15/27 | 8,196 | 8,791 | ||
National Fuel Gas Co. | 4.750% | 9/1/28 | 5,825 | 6,525 | ||
National Fuel Gas Co. | 2.950% | 3/1/31 | 3,250 | 3,219 | ||
National Rural Utilities Cooperative Finance Corp. | 1.000% | 6/15/26 | 14,000 | 14,024 | ||
National Rural Utilities Cooperative Finance Corp. | 3.050% | 4/25/27 | 10,359 | 11,379 | ||
National Rural Utilities Cooperative Finance Corp. | 3.400% | 2/7/28 | 25,477 | 28,160 | ||
National Rural Utilities Cooperative Finance Corp. | 3.900% | 11/1/28 | 7,685 | 8,680 | ||
National Rural Utilities Cooperative Finance Corp. | 3.700% | 3/15/29 | 18,606 | 20,886 | ||
National Rural Utilities Cooperative Finance Corp. | 2.400% | 3/15/30 | 10,837 | 11,321 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 5.250% | 4/20/46 | 5,375 | 5,902 | |
1 | Nevada Power Co. | 3.700% | 5/1/29 | 13,106 | 14,923 | |
1 | Nevada Power Co. | 2.400% | 5/1/30 | 1,675 | 1,735 | |
NextEra Energy Capital Holdings Inc. | 3.250% | 4/1/26 | 9,812 | 10,738 | ||
NextEra Energy Capital Holdings Inc. | 3.550% | 5/1/27 | 11,139 | 12,439 | ||
NextEra Energy Capital Holdings Inc. | 3.500% | 4/1/29 | 15,791 | 17,372 | ||
NextEra Energy Capital Holdings Inc. | 2.750% | 11/1/29 | 22,623 | 23,621 | ||
NextEra Energy Capital Holdings Inc. | 2.250% | 6/1/30 | 64,348 | 64,931 | ||
1 | NextEra Energy Capital Holdings Inc. | 4.800% | 12/1/77 | 15,459 | 16,696 | |
1 | NextEra Energy Capital Holdings Inc. | 5.650% | 5/1/79 | 8,410 | 9,608 | |
NiSource Inc. | 3.490% | 5/15/27 | 13,183 | 14,521 | ||
NiSource Inc. | 2.950% | 9/1/29 | 23,725 | 25,091 | ||
NiSource Inc. | 3.600% | 5/1/30 | 21,371 | 23,783 | ||
NiSource Inc. | 1.700% | 2/15/31 | 16,250 | 15,456 | ||
NSTAR Electric Co. | 3.200% | 5/15/27 | 17,961 | 19,834 | ||
NSTAR Electric Co. | 3.250% | 5/15/29 | 5,752 | 6,241 | ||
NSTAR Electric Co. | 3.950% | 4/1/30 | 8,436 | 9,863 | ||
1 | Ohio Power Co. | 2.600% | 4/1/30 | 2,250 | 2,371 | |
1 | Ohio Power Co. | 1.625% | 1/15/31 | 11,000 | 10,677 | |
Oklahoma Gas & Electric Co. | 3.800% | 8/15/28 | 6,145 | 6,887 | ||
Oklahoma Gas & Electric Co. | 3.300% | 3/15/30 | 4,737 | 5,235 | ||
Oklahoma Gas & Electric Co. | 3.250% | 4/1/30 | 12,651 | 13,979 | ||
Oncor Electric Delivery Co. LLC | 3.700% | 11/15/28 | 13,365 | 15,131 | ||
Oncor Electric Delivery Co. LLC | 5.750% | 3/15/29 | 3,803 | 4,847 | ||
Oncor Electric Delivery Co. LLC | 2.750% | 5/15/30 | 7,567 | 8,133 | ||
ONE Gas Inc. | 2.000% | 5/15/30 | 4,896 | 4,851 | ||
Pacific Gas & Electric Co. | 3.150% | 1/1/26 | 11,150 | 11,845 | ||
Pacific Gas & Electric Co. | 2.950% | 3/1/26 | 4,000 | 4,198 | ||
Pacific Gas & Electric Co. | 2.100% | 8/1/27 | 2,025 | 2,015 | ||
Pacific Gas & Electric Co. | 3.300% | 12/1/27 | 24,645 | 26,048 | ||
Pacific Gas & Electric Co. | 3.750% | 7/1/28 | 38,418 | 41,554 | ||
Pacific Gas & Electric Co. | 4.550% | 7/1/30 | 92,075 | 102,492 | ||
Pacific Gas & Electric Co. | 2.500% | 2/1/31 | 26,926 | 26,147 | ||
PacifiCorp | 3.500% | 6/15/29 | 11,939 | 13,230 | ||
PacifiCorp | 2.700% | 9/15/30 | 11,121 | 11,763 | ||
Piedmont Natural Gas Co. Inc. | 3.500% | 6/1/29 | 7,770 | 8,646 | ||
PPL Capital Funding Inc. | 3.100% | 5/15/26 | 30,295 | 32,797 | ||
PPL Capital Funding Inc. | 4.125% | 4/15/30 | 10,924 | 12,583 | ||
Public Service Co. of Colorado | 3.700% | 6/15/28 | 7,365 | 8,249 | ||
1 | Public Service Co. of Colorado | 1.900% | 1/15/31 | 7,674 | 7,701 | |
1 | Public Service Electric & Gas Co. | 2.250% | 9/15/26 | 12,450 | 13,185 | |
1 | Public Service Electric & Gas Co. | 3.000% | 5/15/27 | 4,280 | 4,635 | |
1 | Public Service Electric & Gas Co. | 3.700% | 5/1/28 | 8,105 | 8,994 | |
1 | Public Service Electric & Gas Co. | 3.650% | 9/1/28 | 7,428 | 8,367 | |
1 | Public Service Electric & Gas Co. | 3.200% | 5/15/29 | 8,213 | 9,063 | |
1 | Public Service Electric & Gas Co. | 2.450% | 1/15/30 | 5,229 | 5,491 | |
Public Service Enterprise Group Inc. | 1.600% | 8/15/30 | 10,631 | 9,991 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Puget Energy Inc. | 4.100% | 6/15/30 | 11,465 | 12,804 | ||
San Diego Gas & Electric Co. | 2.500% | 5/15/26 | 4,283 | 4,539 | ||
1 | San Diego Gas & Electric Co. | 1.700% | 10/1/30 | 14,927 | 14,511 | |
Sempra Energy | 3.250% | 6/15/27 | 20,017 | 21,854 | ||
Sempra Energy | 3.400% | 2/1/28 | 29,733 | 32,621 | ||
Sierra Pacific Power Co. | 2.600% | 5/1/26 | 16,054 | 17,104 | ||
1 | Southern California Edison Co. | 3.650% | 3/1/28 | 7,912 | 8,476 | |
1 | Southern California Edison Co. | 4.200% | 3/1/29 | 12,193 | 14,039 | |
Southern California Edison Co. | 6.650% | 4/1/29 | 5,738 | 7,207 | ||
Southern California Edison Co. | 2.850% | 8/1/29 | 9,425 | 9,934 | ||
Southern California Edison Co. | 2.250% | 6/1/30 | 13,138 | 13,136 | ||
1 | Southern California Gas Co. | 2.600% | 6/15/26 | 9,089 | 9,689 | |
1 | Southern California Gas Co. | 2.550% | 2/1/30 | 12,894 | 13,437 | |
Southern Co. | 3.250% | 7/1/26 | 17,041 | 18,489 | ||
1 | Southern Co. | 1.750% | 3/15/28 | 9,000 | 8,934 | |
1 | Southern Co. | 3.700% | 4/30/30 | 25,380 | 28,274 | |
Southern Co. Gas Capital Corp. | 3.250% | 6/15/26 | 9,117 | 9,980 | ||
1 | Southern Co. Gas Capital Corp. | 1.750% | 1/15/31 | 11,645 | 11,211 | |
Southwest Gas Corp. | 3.700% | 4/1/28 | 4,320 | 4,797 | ||
Southwest Gas Corp. | 2.200% | 6/15/30 | 12,254 | 12,387 | ||
1 | Southwestern Electric Power Co. | 2.750% | 10/1/26 | 8,336 | 8,868 | |
1 | Southwestern Electric Power Co. | 4.100% | 9/15/28 | 21,334 | 24,053 | |
Tucson Electric Power Co. | 1.500% | 8/1/30 | 8,430 | 8,090 | ||
Union Electric Co. | 2.950% | 6/15/27 | 9,652 | 10,502 | ||
Union Electric Co. | 3.500% | 3/15/29 | 16,053 | 17,998 | ||
Union Electric Co. | 2.950% | 3/15/30 | 7,756 | 8,422 | ||
United Utilities plc | 6.875% | 8/15/28 | 2,312 | 2,967 | ||
1 | Virginia Electric & Power Co. | 2.950% | 11/15/26 | 12,403 | 13,477 | |
1 | Virginia Electric & Power Co. | 3.500% | 3/15/27 | 20,906 | 23,347 | |
1 | Virginia Electric & Power Co. | 3.800% | 4/1/28 | 11,638 | 13,122 | |
1 | Virginia Electric & Power Co. | 2.875% | 7/15/29 | 14,718 | 15,823 | |
WEC Energy Group Inc. | 1.375% | 10/15/27 | 10,553 | 10,384 | ||
WEC Energy Group Inc. | 1.800% | 10/15/30 | 8,555 | 8,266 | ||
Wisconsin Power & Light Co. | 3.050% | 10/15/27 | 6,220 | 6,745 | ||
Wisconsin Power & Light Co. | 3.000% | 7/1/29 | 3,550 | 3,881 | ||
Xcel Energy Inc. | 3.350% | 12/1/26 | 13,448 | 14,794 | ||
Xcel Energy Inc. | 4.000% | 6/15/28 | 10,656 | 12,101 | ||
Xcel Energy Inc. | 2.600% | 12/1/29 | 19,088 | 19,829 | ||
Xcel Energy Inc. | 3.400% | 6/1/30 | 16,055 | 17,601 | ||
2,898,997 | ||||||
Total Corporate Bonds (Cost $43,787,667) | 44,713,467 | |||||
Shares | ||||||
Temporary Cash Investments (0.15%) | ||||||
Money Market Fund (0.15%) | ||||||
5 | Vanguard Market Liquidity Fund (Cost $67,183) | 0.099% | 671,826 | 67,183 | ||
Total Investments (99.29%) (Cost $43,855,217) | 44,781,019 | |||||
Other Assets and Liabilities—Net (0.71%) | 322,186 | |||||
Net Assets (100%) | 45,103,205 |
Cost is in $000. | |
1 | The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called. |
2 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2021, the aggregate value of these securities was $1,330,940,000, representing 3.0% of net assets. |
3 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2021. |
4 | Securities with a value of $1,551,000 have been segregated as initial margin for open futures contracts. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
U.S. Government and Agency Obligations (0.15%) | ||||||
U.S. Government Securities (0.15%) | ||||||
1 | United States Treasury Note/Bond | 1.875% | 2/15/41 | 9,000 | 8,803 | |
United States Treasury Note/Bond | 1.625% | 11/15/50 | 960 | 854 | ||
Total U.S. Government and Agency Obligations (Cost $9,583) | 9,657 | |||||
Corporate Bonds (98.70%) | ||||||
Communications (13.72%) | ||||||
Activision Blizzard Inc. | 4.500% | 6/15/47 | 835 | 1,027 | ||
Activision Blizzard Inc. | 2.500% | 9/15/50 | 3,915 | 3,428 | ||
Alphabet Inc. | 1.900% | 8/15/40 | 3,834 | 3,457 | ||
Alphabet Inc. | 2.050% | 8/15/50 | 7,060 | 6,081 | ||
Alphabet Inc. | 2.250% | 8/15/60 | 3,205 | 2,711 | ||
America Movil SAB de CV | 6.375% | 3/1/35 | 1,408 | 2,014 | ||
America Movil SAB de CV | 6.125% | 11/15/37 | 1,342 | 1,834 | ||
America Movil SAB de CV | 6.125% | 3/30/40 | 4,026 | 5,634 | ||
America Movil SAB de CV | 4.375% | 7/16/42 | 3,807 | 4,467 | ||
America Movil SAB de CV | 4.375% | 4/22/49 | 4,129 | 4,889 | ||
AT&T Inc. | 2.750% | 6/1/31 | 5,883 | 5,972 | ||
AT&T Inc. | 2.250% | 2/1/32 | 6,830 | 6,540 | ||
2,3 | AT&T Inc. | 2.550% | 12/1/33 | 10,363 | 9,952 | |
AT&T Inc. | 6.150% | 9/15/34 | 933 | 1,208 | ||
AT&T Inc. | 4.500% | 5/15/35 | 6,049 | 6,931 | ||
AT&T Inc. | 5.250% | 3/1/37 | 3,261 | 4,040 | ||
AT&T Inc. | 4.900% | 8/15/37 | 3,933 | 4,681 | ||
AT&T Inc. | 6.300% | 1/15/38 | 100 | 133 | ||
AT&T Inc. | 4.850% | 3/1/39 | 3,580 | 4,181 | ||
AT&T Inc. | 5.350% | 9/1/40 | 5,208 | 6,598 | ||
AT&T Inc. | 6.375% | 3/1/41 | 1,050 | 1,456 | ||
AT&T Inc. | 6.250% | 3/29/41 | 762 | 1,015 | ||
AT&T Inc. | 3.500% | 6/1/41 | 3,643 | 3,639 | ||
AT&T Inc. | 5.550% | 8/15/41 | 3,146 | 3,920 | ||
AT&T Inc. | 5.150% | 3/15/42 | 3,887 | 4,695 | ||
AT&T Inc. | 4.900% | 6/15/42 | 3,732 | 4,408 | ||
AT&T Inc. | 4.300% | 12/15/42 | 4,051 | 4,458 | ||
AT&T Inc. | 3.100% | 2/1/43 | 5,270 | 4,957 | ||
AT&T Inc. | 4.650% | 6/1/44 | 2,126 | 2,408 | ||
AT&T Inc. | 4.350% | 6/15/45 | 3,558 | 3,869 | ||
AT&T Inc. | 4.850% | 7/15/45 | 2,305 | 2,676 | ||
AT&T Inc. | 4.750% | 5/15/46 | 4,043 | 4,653 | ||
3 | AT&T Inc. | 5.150% | 11/15/46 | 1,871 | 2,248 | |
AT&T Inc. | 5.650% | 2/15/47 | 1,525 | 1,940 | ||
AT&T Inc. | 5.450% | 3/1/47 | 1,114 | 1,383 | ||
AT&T Inc. | 4.500% | 3/9/48 | 4,415 | 4,843 | ||
AT&T Inc. | 4.550% | 3/9/49 | 4,069 | 4,550 | ||
AT&T Inc. | 5.150% | 2/15/50 | 2,505 | 2,969 | ||
AT&T Inc. | 3.650% | 6/1/51 | 7,270 | 6,965 | ||
AT&T Inc. | 3.300% | 2/1/52 | 4,967 | 4,491 | ||
2,3 | AT&T Inc. | 3.500% | 9/15/53 | 17,556 | 16,105 | |
2,3 | AT&T Inc. | 3.550% | 9/15/55 | 16,317 | 14,996 | |
AT&T Inc. | 5.700% | 3/1/57 | 300 | 379 | ||
2,3 | AT&T Inc. | 3.800% | 12/1/57 | 16,449 | 15,650 | |
2,3 | AT&T Inc. | 3.650% | 9/15/59 | 13,661 | 12,588 | |
AT&T Inc. | 3.850% | 6/1/60 | 5,385 | 5,076 | ||
AT&T Inc. | 3.500% | 2/1/61 | 3,548 | 3,187 | ||
Bell Canada | 4.464% | 4/1/48 | 1,501 | 1,781 | ||
Bell Canada | 4.300% | 7/29/49 | 2,239 | 2,620 | ||
Charter Communications Operating LLC | 2.800% | 4/1/31 | 3,055 | 3,097 | ||
Charter Communications Operating LLC | 2.300% | 2/1/32 | 3,825 | 3,642 | ||
Charter Communications Operating LLC | 6.384% | 10/23/35 | 6,847 | 9,166 | ||
Charter Communications Operating LLC | 5.375% | 4/1/38 | 2,555 | 3,068 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
1 | Charter Communications Operating LLC | 3.500% | 6/1/41 | 4,000 | 3,877 | |
Charter Communications Operating LLC | 6.484% | 10/23/45 | 1,741 | 2,344 | ||
Charter Communications Operating LLC | 5.375% | 5/1/47 | 6,251 | 7,354 | ||
Charter Communications Operating LLC | 5.750% | 4/1/48 | 7,375 | 9,102 | ||
Charter Communications Operating LLC | 5.125% | 7/1/49 | 5,179 | 5,980 | ||
Charter Communications Operating LLC | 4.800% | 3/1/50 | 8,169 | 8,979 | ||
Charter Communications Operating LLC | 3.700% | 4/1/51 | 5,417 | 5,160 | ||
1 | Charter Communications Operating LLC | 3.900% | 6/1/52 | 2,500 | 2,443 | |
Charter Communications Operating LLC | 6.834% | 10/23/55 | 2,458 | 3,445 | ||
Charter Communications Operating LLC | 3.850% | 4/1/61 | 4,925 | 4,566 | ||
Comcast Corp. | 4.250% | 1/15/33 | 6,969 | 8,334 | ||
Comcast Corp. | 7.050% | 3/15/33 | 1,145 | 1,679 | ||
Comcast Corp. | 4.200% | 8/15/34 | 4,610 | 5,459 | ||
Comcast Corp. | 5.650% | 6/15/35 | 2,300 | 3,107 | ||
Comcast Corp. | 4.400% | 8/15/35 | 1,906 | 2,302 | ||
Comcast Corp. | 6.500% | 11/15/35 | 2,578 | 3,739 | ||
Comcast Corp. | 3.200% | 7/15/36 | 1,676 | 1,812 | ||
Comcast Corp. | 6.450% | 3/15/37 | 2,854 | 4,147 | ||
Comcast Corp. | 6.950% | 8/15/37 | 1,196 | 1,819 | ||
Comcast Corp. | 3.900% | 3/1/38 | 3,491 | 4,015 | ||
Comcast Corp. | 6.400% | 5/15/38 | 1,766 | 2,585 | ||
Comcast Corp. | 4.600% | 10/15/38 | 5,657 | 7,054 | ||
Comcast Corp. | 3.250% | 11/1/39 | 3,425 | 3,634 | ||
Comcast Corp. | 6.400% | 3/1/40 | 1,595 | 2,359 | ||
Comcast Corp. | 3.750% | 4/1/40 | 3,205 | 3,627 | ||
Comcast Corp. | 4.650% | 7/15/42 | 3,569 | 4,471 | ||
Comcast Corp. | 4.500% | 1/15/43 | 2,631 | 3,221 | ||
Comcast Corp. | 4.750% | 3/1/44 | 792 | 1,007 | ||
Comcast Corp. | 4.600% | 8/15/45 | 3,111 | 3,889 | ||
Comcast Corp. | 3.400% | 7/15/46 | 2,386 | 2,505 | ||
Comcast Corp. | 4.000% | 8/15/47 | 4,941 | 5,700 | ||
Comcast Corp. | 3.969% | 11/1/47 | 6,616 | 7,556 | ||
Comcast Corp. | 4.000% | 3/1/48 | 1,684 | 1,932 | ||
Comcast Corp. | 4.700% | 10/15/48 | 8,646 | 10,974 | ||
Comcast Corp. | 3.999% | 11/1/49 | 3,928 | 4,535 | ||
Comcast Corp. | 3.450% | 2/1/50 | 5,108 | 5,416 | ||
Comcast Corp. | 2.800% | 1/15/51 | 4,493 | 4,220 | ||
Comcast Corp. | 2.450% | 8/15/52 | 5,275 | 4,601 | ||
Comcast Corp. | 4.049% | 11/1/52 | 6,371 | 7,391 | ||
Comcast Corp. | 4.950% | 10/15/58 | 1,387 | 1,887 | ||
Comcast Corp. | 2.650% | 8/15/62 | 3,345 | 2,952 | ||
Deutsche Telekom International Finance BV | 9.250% | 6/1/32 | 2,542 | 4,177 | ||
Discovery Communications LLC | 5.000% | 9/20/37 | 1,352 | 1,624 | ||
Discovery Communications LLC | 6.350% | 6/1/40 | 1,749 | 2,411 | ||
Discovery Communications LLC | 4.875% | 4/1/43 | 1,441 | 1,716 | ||
Discovery Communications LLC | 5.200% | 9/20/47 | 3,289 | 4,053 | ||
Discovery Communications LLC | 5.300% | 5/15/49 | 1,932 | 2,414 | ||
Discovery Communications LLC | 4.650% | 5/15/50 | 2,607 | 3,043 | ||
2,3 | Discovery Communications LLC | 4.000% | 9/15/55 | 4,496 | 4,608 | |
Electronic Arts Inc. | 2.950% | 2/15/51 | 2,000 | 1,924 | ||
1,2,3 | Expedia Group Inc. | 2.950% | 3/15/31 | 2,300 | 2,278 | |
Fox Corp. | 5.476% | 1/25/39 | 4,751 | 6,073 | ||
Fox Corp. | 5.576% | 1/25/49 | 2,040 | 2,690 | ||
Grupo Televisa SAB | 8.500% | 3/11/32 | 150 | 221 | ||
Grupo Televisa SAB | 6.625% | 1/15/40 | 2,228 | 2,951 | ||
Grupo Televisa SAB | 5.000% | 5/13/45 | 3,338 | 3,805 | ||
Grupo Televisa SAB | 6.125% | 1/31/46 | 1,090 | 1,434 | ||
Grupo Televisa SAB | 5.250% | 5/24/49 | 1,410 | 1,694 | ||
Interpublic Group of Cos. Inc. | 2.400% | 3/1/31 | 800 | 801 | ||
Interpublic Group of Cos. Inc. | 3.375% | 3/1/41 | 1,000 | 1,023 | ||
Interpublic Group of Cos. Inc. | 5.400% | 10/1/48 | 1,310 | 1,679 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
NBCUniversal Media LLC | 6.400% | 4/30/40 | 1,793 | 2,649 | ||
NBCUniversal Media LLC | 5.950% | 4/1/41 | 3,264 | 4,681 | ||
NBCUniversal Media LLC | 4.450% | 1/15/43 | 3,901 | 4,736 | ||
Orange SA | 9.000% | 3/1/31 | 6,207 | 9,857 | ||
Orange SA | 5.375% | 1/13/42 | 2,386 | 3,182 | ||
Orange SA | 5.500% | 2/6/44 | 832 | 1,132 | ||
Rogers Communications Inc. | 7.500% | 8/15/38 | 293 | 453 | ||
Rogers Communications Inc. | 4.500% | 3/15/43 | 1,234 | 1,448 | ||
Rogers Communications Inc. | 5.450% | 10/1/43 | 358 | 477 | ||
Rogers Communications Inc. | 5.000% | 3/15/44 | 2,384 | 2,958 | ||
Rogers Communications Inc. | 4.300% | 2/15/48 | 770 | 894 | ||
Rogers Communications Inc. | 4.350% | 5/1/49 | 4,405 | 5,171 | ||
Rogers Communications Inc. | 3.700% | 11/15/49 | 4,512 | 4,851 | ||
Telefonica Emisiones SA | 7.045% | 6/20/36 | 4,419 | 6,297 | ||
Telefonica Emisiones SA | 4.665% | 3/6/38 | 3,160 | 3,600 | ||
Telefonica Emisiones SA | 5.213% | 3/8/47 | 5,971 | 6,971 | ||
Telefonica Emisiones SA | 4.895% | 3/6/48 | 3,792 | 4,379 | ||
Telefonica Emisiones SA | 5.520% | 3/1/49 | 3,689 | 4,645 | ||
TELUS Corp. | 4.600% | 11/16/48 | 1,592 | 1,938 | ||
TELUS Corp. | 4.300% | 6/15/49 | 1,752 | 2,046 | ||
Thomson Reuters Corp. | 5.500% | 8/15/35 | 840 | 1,076 | ||
Thomson Reuters Corp. | 5.850% | 4/15/40 | 822 | 1,084 | ||
Thomson Reuters Corp. | 5.650% | 11/23/43 | 1,120 | 1,468 | ||
Time Warner Cable LLC | 6.550% | 5/1/37 | 4,258 | 5,707 | ||
Time Warner Cable LLC | 7.300% | 7/1/38 | 2,003 | 2,842 | ||
Time Warner Cable LLC | 6.750% | 6/15/39 | 4,226 | 5,808 | ||
Time Warner Cable LLC | 5.875% | 11/15/40 | 4,238 | 5,366 | ||
Time Warner Cable LLC | 5.500% | 9/1/41 | 3,893 | 4,776 | ||
Time Warner Cable LLC | 4.500% | 9/15/42 | 3,393 | 3,714 | ||
Time Warner Entertainment Co. LP | 8.375% | 7/15/33 | 2,898 | 4,324 | ||
2,3 | T-Mobile USA Inc. | 2.250% | 11/15/31 | 4,165 | 4,014 | |
2,3 | T-Mobile USA Inc. | 4.375% | 4/15/40 | 5,942 | 6,692 | |
2,3 | T-Mobile USA Inc. | 3.000% | 2/15/41 | 7,478 | 7,061 | |
2,3 | T-Mobile USA Inc. | 4.500% | 4/15/50 | 5,648 | 6,333 | |
2,3 | T-Mobile USA Inc. | 3.300% | 2/15/51 | 7,300 | 6,854 | |
2,3 | T-Mobile USA Inc. | 3.600% | 11/15/60 | 3,265 | 3,134 | |
3 | TWDC Enterprises 18 Corp. | 7.000% | 3/1/32 | 2,818 | 4,035 | |
TWDC Enterprises 18 Corp. | 4.375% | 8/16/41 | 805 | 966 | ||
3 | TWDC Enterprises 18 Corp. | 4.125% | 12/1/41 | 1,241 | 1,444 | |
3 | TWDC Enterprises 18 Corp. | 3.700% | 12/1/42 | 2,375 | 2,658 | |
3 | TWDC Enterprises 18 Corp. | 4.125% | 6/1/44 | 1,645 | 1,930 | |
3 | TWDC Enterprises 18 Corp. | 3.000% | 7/30/46 | 1,584 | 1,584 | |
Verizon Communications Inc. | 4.500% | 8/10/33 | 8,520 | 10,157 | ||
Verizon Communications Inc. | 6.400% | 9/15/33 | 355 | 486 | ||
Verizon Communications Inc. | 4.400% | 11/1/34 | 7,985 | 9,447 | ||
Verizon Communications Inc. | 4.272% | 1/15/36 | 7,975 | 9,183 | ||
Verizon Communications Inc. | 5.250% | 3/16/37 | 3,569 | 4,561 | ||
Verizon Communications Inc. | 4.812% | 3/15/39 | 5,457 | 6,656 | ||
Verizon Communications Inc. | 2.650% | 11/20/40 | 5,371 | 5,003 | ||
Verizon Communications Inc. | 4.750% | 11/1/41 | 3,635 | 4,441 | ||
Verizon Communications Inc. | 3.850% | 11/1/42 | 1,176 | 1,293 | ||
Verizon Communications Inc. | 4.125% | 8/15/46 | 6,075 | 6,850 | ||
Verizon Communications Inc. | 4.862% | 8/21/46 | 10,493 | 12,974 | ||
Verizon Communications Inc. | 4.522% | 9/15/48 | 7,194 | 8,472 | ||
Verizon Communications Inc. | 5.012% | 4/15/49 | 5,596 | 7,059 | ||
Verizon Communications Inc. | 4.000% | 3/22/50 | 2,074 | 2,275 | ||
Verizon Communications Inc. | 2.875% | 11/20/50 | 3,152 | 2,860 | ||
Verizon Communications Inc. | 5.012% | 8/21/54 | 1,339 | 1,697 | ||
Verizon Communications Inc. | 4.672% | 3/15/55 | 6,840 | 8,277 | ||
2,3 | Verizon Communications Inc. | 2.987% | 10/30/56 | 11,366 | 10,276 | |
Verizon Communications Inc. | 3.000% | 11/20/60 | 6,300 | 5,635 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
ViacomCBS Inc. | 4.200% | 5/19/32 | 4,822 | 5,547 | ||
ViacomCBS Inc. | 5.500% | 5/15/33 | 613 | 755 | ||
ViacomCBS Inc. | 6.875% | 4/30/36 | 2,583 | 3,657 | ||
ViacomCBS Inc. | 5.900% | 10/15/40 | 875 | 1,130 | ||
ViacomCBS Inc. | 4.850% | 7/1/42 | 1,131 | 1,355 | ||
ViacomCBS Inc. | 4.375% | 3/15/43 | 2,938 | 3,335 | ||
ViacomCBS Inc. | 5.850% | 9/1/43 | 3,076 | 4,095 | ||
ViacomCBS Inc. | 5.250% | 4/1/44 | 1,122 | 1,384 | ||
ViacomCBS Inc. | 4.900% | 8/15/44 | 1,879 | 2,228 | ||
ViacomCBS Inc. | 4.600% | 1/15/45 | 1,171 | 1,353 | ||
ViacomCBS Inc. | 4.950% | 5/19/50 | 1,550 | 1,878 | ||
Vodafone Group plc | 6.250% | 11/30/32 | 754 | 1,014 | ||
Vodafone Group plc | 6.150% | 2/27/37 | 3,117 | 4,267 | ||
Vodafone Group plc | 5.000% | 5/30/38 | 2,642 | 3,244 | ||
Vodafone Group plc | 4.375% | 2/19/43 | 2,280 | 2,639 | ||
Vodafone Group plc | 5.250% | 5/30/48 | 6,657 | 8,612 | ||
Vodafone Group plc | 4.875% | 6/19/49 | 6,310 | 7,617 | ||
Vodafone Group plc | 4.250% | 9/17/50 | 3,309 | 3,684 | ||
Vodafone Group plc | 5.125% | 6/19/59 | 2,575 | 3,293 | ||
Walt Disney Co. | 6.550% | 3/15/33 | 791 | 1,119 | ||
Walt Disney Co. | 6.200% | 12/15/34 | 3,793 | 5,440 | ||
Walt Disney Co. | 6.400% | 12/15/35 | 2,322 | 3,418 | ||
Walt Disney Co. | 6.150% | 3/1/37 | 1,347 | 1,850 | ||
Walt Disney Co. | 6.650% | 11/15/37 | 3,310 | 4,907 | ||
Walt Disney Co. | 4.625% | 3/23/40 | 815 | 1,020 | ||
Walt Disney Co. | 3.500% | 5/13/40 | 1,105 | 1,207 | ||
Walt Disney Co. | 6.150% | 2/15/41 | 700 | 1,016 | ||
Walt Disney Co. | 5.400% | 10/1/43 | 771 | 1,037 | ||
Walt Disney Co. | 4.750% | 9/15/44 | 2,979 | 3,784 | ||
Walt Disney Co. | 4.950% | 10/15/45 | 1,240 | 1,609 | ||
Walt Disney Co. | 7.750% | 12/1/45 | 325 | 545 | ||
Walt Disney Co. | 4.750% | 11/15/46 | 2,946 | 3,815 | ||
Walt Disney Co. | 2.750% | 9/1/49 | 2,724 | 2,564 | ||
Walt Disney Co. | 4.700% | 3/23/50 | 3,905 | 4,996 | ||
Walt Disney Co. | 3.600% | 1/13/51 | 7,155 | 7,813 | ||
Walt Disney Co. | 3.800% | 5/13/60 | 3,738 | 4,214 | ||
864,752 | ||||||
Consumer Discretionary (5.22%) | ||||||
Alibaba Group Holding Ltd. | 4.500% | 11/28/34 | 556 | 658 | ||
Alibaba Group Holding Ltd. | 4.000% | 12/6/37 | 2,623 | 2,929 | ||
Alibaba Group Holding Ltd. | 4.200% | 12/6/47 | 3,545 | 3,972 | ||
Alibaba Group Holding Ltd. | 3.150% | 2/9/51 | 3,850 | 3,667 | ||
Alibaba Group Holding Ltd. | 4.400% | 12/6/57 | 2,535 | 2,995 | ||
Alibaba Group Holding Ltd. | 3.250% | 2/9/61 | 1,000 | 952 | ||
Amazon.com Inc. | 4.800% | 12/5/34 | 2,506 | 3,249 | ||
Amazon.com Inc. | 3.875% | 8/22/37 | 7,916 | 9,327 | ||
Amazon.com Inc. | 4.950% | 12/5/44 | 3,194 | 4,307 | ||
Amazon.com Inc. | 4.050% | 8/22/47 | 12,384 | 14,801 | ||
Amazon.com Inc. | 2.500% | 6/3/50 | 2,330 | 2,148 | ||
Amazon.com Inc. | 4.250% | 8/22/57 | 5,545 | 6,933 | ||
Amazon.com Inc. | 2.700% | 6/3/60 | 3,601 | 3,324 | ||
3 | American University | 3.672% | 4/1/49 | 1,311 | 1,473 | |
Aptiv plc | 4.400% | 10/1/46 | 315 | 341 | ||
Aptiv plc | 5.400% | 3/15/49 | 405 | 508 | ||
BorgWarner Inc. | 4.375% | 3/15/45 | 778 | 861 | ||
3 | Brown University in Providence in the State of Rhode Island & Providence Plant | 2.924% | 9/1/50 | 1,230 | 1,292 | |
3 | California Endowment | 2.498% | 4/1/51 | 865 | 838 | |
California Institute of Technology | 4.321% | 8/1/45 | 695 | 876 | ||
California Institute of Technology | 4.700% | 11/1/11 | 1,113 | 1,441 | ||
California Institute of Technology | 3.650% | 9/1/19 | 1,495 | 1,590 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Cleveland Clinic Foundation | 4.858% | 1/1/14 | 503 | 659 | ||
Darden Restaurants Inc. | 4.550% | 2/15/48 | 700 | 763 | ||
3 | Duke University | 2.682% | 10/1/44 | 990 | 987 | |
3 | Duke University | 2.832% | 10/1/55 | 2,510 | 2,556 | |
eBay Inc. | 4.000% | 7/15/42 | 2,642 | 2,950 | ||
3 | Emory University | 2.969% | 9/1/50 | 1,237 | 1,304 | |
3 | Ford Foundation | 2.815% | 6/1/70 | 2,225 | 2,129 | |
General Motors Co. | 5.000% | 4/1/35 | 1,563 | 1,863 | ||
General Motors Co. | 6.600% | 4/1/36 | 3,912 | 5,314 | ||
General Motors Co. | 5.150% | 4/1/38 | 2,544 | 3,036 | ||
General Motors Co. | 6.250% | 10/2/43 | 2,883 | 3,885 | ||
General Motors Co. | 5.200% | 4/1/45 | 3,560 | 4,251 | ||
General Motors Co. | 6.750% | 4/1/46 | 2,610 | 3,624 | ||
General Motors Co. | 5.400% | 4/1/48 | 2,801 | 3,411 | ||
General Motors Co. | 5.950% | 4/1/49 | 2,450 | 3,233 | ||
3 | George Washington University | 4.300% | 9/15/44 | 455 | 549 | |
George Washington University | 4.868% | 9/15/45 | 395 | 523 | ||
3 | George Washington University | 4.126% | 9/15/48 | 2,346 | 2,814 | |
3 | Georgetown University | 4.315% | 4/1/49 | 872 | 1,067 | |
3 | Georgetown University | 2.943% | 4/1/50 | 535 | 526 | |
3 | Georgetown University | 5.215% | 10/1/18 | 926 | 1,223 | |
Harley-Davidson Inc. | 4.625% | 7/28/45 | 733 | 792 | ||
Hasbro Inc. | 6.350% | 3/15/40 | 928 | 1,214 | ||
Hasbro Inc. | 5.100% | 5/15/44 | 668 | 761 | ||
Home Depot Inc. | 1.375% | 3/15/31 | 3,000 | 2,840 | ||
Home Depot Inc. | 5.875% | 12/16/36 | 5,935 | 8,559 | ||
Home Depot Inc. | 3.300% | 4/15/40 | 2,266 | 2,461 | ||
Home Depot Inc. | 5.400% | 9/15/40 | 2,110 | 2,859 | ||
Home Depot Inc. | 5.950% | 4/1/41 | 2,990 | 4,295 | ||
Home Depot Inc. | 4.200% | 4/1/43 | 1,457 | 1,753 | ||
Home Depot Inc. | 4.875% | 2/15/44 | 3,970 | 5,166 | ||
Home Depot Inc. | 4.400% | 3/15/45 | 2,045 | 2,513 | ||
Home Depot Inc. | 4.250% | 4/1/46 | 5,322 | 6,466 | ||
Home Depot Inc. | 3.900% | 6/15/47 | 3,971 | 4,570 | ||
Home Depot Inc. | 4.500% | 12/6/48 | 4,054 | 5,118 | ||
Home Depot Inc. | 3.125% | 12/15/49 | 3,995 | 4,097 | ||
Home Depot Inc. | 3.350% | 4/15/50 | 2,372 | 2,525 | ||
Home Depot Inc. | 2.375% | 3/15/51 | 3,275 | 2,921 | ||
Home Depot Inc. | 3.500% | 9/15/56 | 2,219 | 2,422 | ||
JD.com Inc. | 4.125% | 1/14/50 | 820 | 841 | ||
3 | Johns Hopkins University | 4.083% | 7/1/53 | 1,024 | 1,266 | |
3 | Johns Hopkins University | 2.813% | 1/1/60 | 765 | 759 | |
Kohl's Corp. | 5.550% | 7/17/45 | 1,085 | 1,230 | ||
Lear Corp. | 5.250% | 5/15/49 | 1,545 | 1,886 | ||
Leland Stanford Junior University | 3.647% | 5/1/48 | 1,959 | 2,324 | ||
Leland Stanford Junior University | 2.413% | 6/1/50 | 1,069 | 1,033 | ||
Lowe's Cos. Inc. | 5.500% | 10/15/35 | 600 | 791 | ||
Lowe's Cos. Inc. | 5.000% | 4/15/40 | 2,784 | 3,530 | ||
Lowe's Cos. Inc. | 4.250% | 9/15/44 | 447 | 498 | ||
Lowe's Cos. Inc. | 4.375% | 9/15/45 | 125 | 148 | ||
Lowe's Cos. Inc. | 3.700% | 4/15/46 | 1,705 | 1,856 | ||
Lowe's Cos. Inc. | 4.050% | 5/3/47 | 3,664 | 4,167 | ||
Lowe's Cos. Inc. | 4.550% | 4/5/49 | 2,850 | 3,489 | ||
Lowe's Cos. Inc. | 5.125% | 4/15/50 | 749 | 1,015 | ||
Lowe's Cos. Inc. | 3.000% | 10/15/50 | 5,280 | 5,053 | ||
3 | Marriott International Inc. | 3.500% | 10/15/32 | 1,809 | 1,915 | |
Masco Corp. | 4.500% | 5/15/47 | 1,228 | 1,464 | ||
1 | Masco Corp. | 3.125% | 2/15/51 | 500 | 492 | |
3 | Massachusetts Institute of Technology | 3.959% | 7/1/38 | 935 | 1,135 | |
3 | Massachusetts Institute of Technology | 2.989% | 7/1/50 | 1,452 | 1,561 | |
Massachusetts Institute of Technology | 5.600% | 7/1/11 | 1,001 | 1,611 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Massachusetts Institute of Technology | 4.678% | 7/1/14 | 1,315 | 1,819 | ||
Massachusetts Institute of Technology | 3.885% | 7/1/16 | 1,370 | 1,594 | ||
3 | McDonald's Corp. | 4.700% | 12/9/35 | 3,900 | 4,806 | |
3 | McDonald's Corp. | 6.300% | 10/15/37 | 2,159 | 3,064 | |
3 | McDonald's Corp. | 6.300% | 3/1/38 | 710 | 1,012 | |
3 | McDonald's Corp. | 5.700% | 2/1/39 | 695 | 942 | |
3 | McDonald's Corp. | 4.875% | 7/15/40 | 505 | 634 | |
3 | McDonald's Corp. | 3.700% | 2/15/42 | 2,282 | 2,485 | |
3 | McDonald's Corp. | 3.625% | 5/1/43 | 2,125 | 2,292 | |
3 | McDonald's Corp. | 4.600% | 5/26/45 | 771 | 937 | |
3 | McDonald's Corp. | 4.875% | 12/9/45 | 1,317 | 1,670 | |
3 | McDonald's Corp. | 4.450% | 3/1/47 | 3,125 | 3,744 | |
3 | McDonald's Corp. | 4.450% | 9/1/48 | 2,266 | 2,733 | |
3 | McDonald's Corp. | 3.625% | 9/1/49 | 6,214 | 6,699 | |
3 | McDonald's Corp. | 4.200% | 4/1/50 | 2,228 | 2,613 | |
NIKE Inc. | 3.250% | 3/27/40 | 2,415 | 2,617 | ||
NIKE Inc. | 3.625% | 5/1/43 | 739 | 828 | ||
NIKE Inc. | 3.875% | 11/1/45 | 1,757 | 2,051 | ||
NIKE Inc. | 3.375% | 11/1/46 | 441 | 479 | ||
NIKE Inc. | 3.375% | 3/27/50 | 4,865 | 5,316 | ||
3 | Northeastern University | 2.894% | 10/1/50 | 750 | 734 | |
3 | Northwestern University | 4.643% | 12/1/44 | 875 | 1,158 | |
3 | Northwestern University | 2.640% | 12/1/50 | 870 | 870 | |
3 | Northwestern University | 3.662% | 12/1/57 | 1,252 | 1,514 | |
O'Reilly Automotive Inc. | 1.750% | 3/15/31 | 1,125 | 1,076 | ||
Owens Corning | 7.000% | 12/1/36 | 672 | 940 | ||
Owens Corning | 4.300% | 7/15/47 | 2,008 | 2,274 | ||
Owens Corning | 4.400% | 1/30/48 | 753 | 857 | ||
President & Fellows of Harvard College | 4.875% | 10/15/40 | 548 | 742 | ||
President & Fellows of Harvard College | 3.150% | 7/15/46 | 1,341 | 1,466 | ||
President & Fellows of Harvard College | 2.517% | 10/15/50 | 1,110 | 1,097 | ||
PulteGroup Inc. | 7.875% | 6/15/32 | 500 | 716 | ||
PulteGroup Inc. | 6.375% | 5/15/33 | 1,350 | 1,775 | ||
PulteGroup Inc. | 6.000% | 2/15/35 | 500 | 650 | ||
3 | Rockefeller Foundation | 2.492% | 10/1/50 | 1,810 | 1,743 | |
Ross Stores Inc. | 1.875% | 4/15/31 | 1,200 | 1,155 | ||
Snap-on Inc. | 4.100% | 3/1/48 | 285 | 342 | ||
Snap-on Inc. | 3.100% | 5/1/50 | 2,090 | 2,169 | ||
Stanley Black & Decker Inc. | 5.200% | 9/1/40 | 820 | 1,073 | ||
Stanley Black & Decker Inc. | 4.850% | 11/15/48 | 1,225 | 1,598 | ||
Stanley Black & Decker Inc. | 2.750% | 11/15/50 | 2,875 | 2,730 | ||
Starbucks Corp. | 4.300% | 6/15/45 | 927 | 1,065 | ||
Starbucks Corp. | 3.750% | 12/1/47 | 1,434 | 1,549 | ||
Starbucks Corp. | 4.500% | 11/15/48 | 2,525 | 3,045 | ||
Starbucks Corp. | 4.450% | 8/15/49 | 2,131 | 2,573 | ||
Starbucks Corp. | 3.350% | 3/12/50 | 1,065 | 1,079 | ||
Starbucks Corp. | 3.500% | 11/15/50 | 2,525 | 2,628 | ||
TJX Cos. Inc. | 1.600% | 5/15/31 | 1,100 | 1,061 | ||
TJX Cos. Inc. | 4.500% | 4/15/50 | 1,750 | 2,254 | ||
3 | Trustees of Boston College | 3.129% | 7/1/52 | 752 | 796 | |
3 | Trustees of Boston University | 4.061% | 10/1/48 | 720 | 865 | |
Trustees of Princeton University | 5.700% | 3/1/39 | 1,260 | 1,838 | ||
3 | Trustees of Princeton University | 2.516% | 7/1/50 | 1,215 | 1,187 | |
3 | Trustees of the University of Pennsylvania | 2.396% | 10/1/50 | 1,080 | 1,028 | |
Trustees of the University of Pennsylvania | 4.674% | 9/1/12 | 600 | 794 | ||
Trustees of the University of Pennsylvania | 3.610% | 2/15/19 | 730 | 781 | ||
3 | University of Chicago | 2.761% | 4/1/45 | 575 | 574 | |
3 | University of Chicago | 2.547% | 4/1/50 | 940 | 904 | |
3 | University of Chicago | 4.003% | 10/1/53 | 1,090 | 1,330 | |
3 | University of Notre Dame du Lac | 3.438% | 2/15/45 | 1,353 | 1,566 | |
3 | University of Notre Dame du Lac | 3.394% | 2/15/48 | 734 | 832 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
3 | University of Southern California | 3.028% | 10/1/39 | 2,207 | 2,272 | |
3 | University of Southern California | 3.841% | 10/1/47 | 605 | 719 | |
University of Southern California | 2.805% | 10/1/50 | 415 | 419 | ||
University of Southern California | 5.250% | 10/1/11 | 863 | 1,264 | ||
3 | University of Southern California | 3.226% | 10/1/20 | 1,210 | 1,148 | |
Whirlpool Corp. | 4.500% | 6/1/46 | 1,029 | 1,190 | ||
Whirlpool Corp. | 4.600% | 5/15/50 | 1,230 | 1,468 | ||
3 | William Marsh Rice University | 3.574% | 5/15/45 | 1,332 | 1,558 | |
3 | William Marsh Rice University | 3.774% | 5/15/55 | 383 | 467 | |
3 | Yale University | 2.402% | 4/15/50 | 1,360 | 1,287 | |
329,100 | ||||||
Consumer Staples (8.17%) | ||||||
Altria Group Inc. | 2.450% | 2/4/32 | 5,000 | 4,859 | ||
Altria Group Inc. | 5.800% | 2/14/39 | 3,170 | 3,919 | ||
Altria Group Inc. | 3.400% | 2/4/41 | 4,000 | 3,762 | ||
Altria Group Inc. | 4.250% | 8/9/42 | 3,796 | 3,967 | ||
Altria Group Inc. | 4.500% | 5/2/43 | 2,956 | 3,184 | ||
Altria Group Inc. | 5.375% | 1/31/44 | 2,520 | 3,017 | ||
Altria Group Inc. | 3.875% | 9/16/46 | 4,865 | 4,741 | ||
Altria Group Inc. | 5.950% | 2/14/49 | 3,553 | 4,550 | ||
Altria Group Inc. | 4.450% | 5/6/50 | 930 | 987 | ||
Altria Group Inc. | 3.700% | 2/4/51 | 3,000 | 2,804 | ||
Altria Group Inc. | 6.200% | 2/14/59 | 710 | 919 | ||
Altria Group Inc. | 4.000% | 2/4/61 | 4,000 | 3,755 | ||
3 | Anheuser-Busch Cos. LLC | 4.700% | 2/1/36 | 11,275 | 13,584 | |
3 | Anheuser-Busch Cos. LLC | 4.900% | 2/1/46 | 18,766 | 22,623 | |
Anheuser-Busch InBev Finance Inc. | 4.700% | 2/1/36 | 3,694 | 4,451 | ||
Anheuser-Busch InBev Finance Inc. | 4.000% | 1/17/43 | 4,434 | 4,809 | ||
Anheuser-Busch InBev Finance Inc. | 4.625% | 2/1/44 | 3,427 | 3,982 | ||
Anheuser-Busch InBev Finance Inc. | 4.900% | 2/1/46 | 6,091 | 7,322 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.875% | 6/15/35 | 1,675 | 2,215 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.375% | 4/15/38 | 4,862 | 5,673 | ||
Anheuser-Busch InBev Worldwide Inc. | 8.200% | 1/15/39 | 2,737 | 4,488 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.450% | 1/23/39 | 4,304 | 5,541 | ||
Anheuser-Busch InBev Worldwide Inc. | 8.000% | 11/15/39 | 3,057 | 4,964 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.350% | 6/1/40 | 2,605 | 3,042 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.950% | 1/15/42 | 1,210 | 1,495 | ||
Anheuser-Busch InBev Worldwide Inc. | 3.750% | 7/15/42 | 5,296 | 5,625 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.600% | 4/15/48 | 5,530 | 6,412 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.439% | 10/6/48 | 5,990 | 6,805 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.550% | 1/23/49 | 9,655 | 12,558 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.500% | 6/1/50 | 6,266 | 7,246 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.750% | 4/15/58 | 2,502 | 2,973 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.800% | 1/23/59 | 1,684 | 2,332 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.600% | 6/1/60 | 3,302 | 3,798 | ||
Archer-Daniels-Midland Co. | 5.935% | 10/1/32 | 590 | 812 | ||
Archer-Daniels-Midland Co. | 5.375% | 9/15/35 | 316 | 432 | ||
Archer-Daniels-Midland Co. | 3.750% | 9/15/47 | 2,037 | 2,382 | ||
Archer-Daniels-Midland Co. | 4.500% | 3/15/49 | 2,473 | 3,247 | ||
BAT Capital Corp. | 2.726% | 3/25/31 | 3,179 | 3,136 | ||
BAT Capital Corp. | 4.390% | 8/15/37 | 2,330 | 2,488 | ||
BAT Capital Corp. | 3.734% | 9/25/40 | 2,010 | 1,947 | ||
BAT Capital Corp. | 4.540% | 8/15/47 | 5,770 | 5,906 | ||
BAT Capital Corp. | 4.758% | 9/6/49 | 3,785 | 3,965 | ||
BAT Capital Corp. | 5.282% | 4/2/50 | 1,542 | 1,748 | ||
BAT Capital Corp. | 3.984% | 9/25/50 | 2,626 | 2,483 | ||
Brown-Forman Corp. | 4.000% | 4/15/38 | 1,113 | 1,292 | ||
Brown-Forman Corp. | 4.500% | 7/15/45 | 706 | 892 | ||
Campbell Soup Co. | 4.800% | 3/15/48 | 1,771 | 2,174 | ||
Campbell Soup Co. | 3.125% | 4/24/50 | 1,625 | 1,559 | ||
Church & Dwight Co. Inc. | 3.950% | 8/1/47 | 683 | 775 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Coca-Cola Co. | 1.375% | 3/15/31 | 1,155 | 1,101 | ||
Coca-Cola Co. | 2.500% | 6/1/40 | 1,855 | 1,816 | ||
Coca-Cola Co. | 4.200% | 3/25/50 | 852 | 1,053 | ||
Coca-Cola Co. | 2.600% | 6/1/50 | 3,885 | 3,678 | ||
Coca-Cola Co. | 2.500% | 3/15/51 | 5,720 | 5,286 | ||
Coca-Cola Co. | 2.750% | 6/1/60 | 2,590 | 2,471 | ||
Coca-Cola Femsa SAB de CV | 1.850% | 9/1/32 | 1,665 | 1,601 | ||
Coca-Cola Femsa SAB de CV | 5.250% | 11/26/43 | 1,657 | 2,136 | ||
3 | Colgate-Palmolive Co. | 4.000% | 8/15/45 | 1,298 | 1,604 | |
3 | Colgate-Palmolive Co. | 3.700% | 8/1/47 | 1,209 | 1,433 | |
Conagra Brands Inc. | 5.300% | 11/1/38 | 2,447 | 3,108 | ||
Conagra Brands Inc. | 5.400% | 11/1/48 | 2,304 | 3,045 | ||
Constellation Brands Inc. | 4.500% | 5/9/47 | 1,255 | 1,494 | ||
Constellation Brands Inc. | 4.100% | 2/15/48 | 1,536 | 1,741 | ||
Constellation Brands Inc. | 5.250% | 11/15/48 | 1,463 | 1,938 | ||
Constellation Brands Inc. | 3.750% | 5/1/50 | 3,105 | 3,384 | ||
Costco Wholesale Corp. | 1.750% | 4/20/32 | 1,848 | 1,806 | ||
Delhaize America LLC | 9.000% | 4/15/31 | 310 | 484 | ||
Diageo Capital plc | 2.125% | 4/29/32 | 2,214 | 2,230 | ||
Diageo Capital plc | 5.875% | 9/30/36 | 1,315 | 1,864 | ||
Diageo Capital plc | 3.875% | 4/29/43 | 559 | 647 | ||
Diageo Investment Corp. | 7.450% | 4/15/35 | 957 | 1,513 | ||
Diageo Investment Corp. | 4.250% | 5/11/42 | 980 | 1,160 | ||
Dollar General Corp. | 4.125% | 4/3/50 | 3,062 | 3,535 | ||
Estee Lauder Cos. Inc. | 6.000% | 5/15/37 | 1,872 | 2,622 | ||
Estee Lauder Cos. Inc. | 4.375% | 6/15/45 | 283 | 349 | ||
Estee Lauder Cos. Inc. | 4.150% | 3/15/47 | 1,173 | 1,420 | ||
Estee Lauder Cos. Inc. | 3.125% | 12/1/49 | 1,445 | 1,517 | ||
Fomento Economico Mexicano SAB de CV | 4.375% | 5/10/43 | 1,342 | 1,582 | ||
Fomento Economico Mexicano SAB de CV | 3.500% | 1/16/50 | 5,112 | 5,273 | ||
General Mills Inc. | 5.400% | 6/15/40 | 1,000 | 1,344 | ||
General Mills Inc. | 4.700% | 4/17/48 | 100 | 131 | ||
2,3 | General Mills Inc. | 3.000% | 2/1/51 | 4,111 | 3,983 | |
Hershey Co. | 3.375% | 8/15/46 | 1,833 | 1,966 | ||
Hershey Co. | 3.125% | 11/15/49 | 551 | 578 | ||
Ingredion Inc. | 3.900% | 6/1/50 | 630 | 692 | ||
J M Smucker Co. | 4.250% | 3/15/35 | 1,934 | 2,255 | ||
J M Smucker Co. | 4.375% | 3/15/45 | 1,061 | 1,231 | ||
J M Smucker Co. | 3.550% | 3/15/50 | 966 | 1,007 | ||
3 | Kellogg Co. | 7.450% | 4/1/31 | 1,167 | 1,720 | |
Kellogg Co. | 4.500% | 4/1/46 | 1,736 | 2,109 | ||
Keurig Dr Pepper Inc. | 4.985% | 5/25/38 | 1,247 | 1,577 | ||
Keurig Dr Pepper Inc. | 4.500% | 11/15/45 | 788 | 936 | ||
Keurig Dr Pepper Inc. | 4.420% | 12/15/46 | 1,634 | 1,928 | ||
Keurig Dr Pepper Inc. | 5.085% | 5/25/48 | 1,630 | 2,105 | ||
Keurig Dr Pepper Inc. | 3.800% | 5/1/50 | 1,550 | 1,697 | ||
Kimberly-Clark Corp. | 6.625% | 8/1/37 | 1,128 | 1,735 | ||
Kimberly-Clark Corp. | 5.300% | 3/1/41 | 538 | 727 | ||
Kimberly-Clark Corp. | 3.200% | 7/30/46 | 1,710 | 1,828 | ||
Kimberly-Clark Corp. | 3.900% | 5/4/47 | 1,470 | 1,740 | ||
Kimberly-Clark Corp. | 2.875% | 2/7/50 | 1,549 | 1,570 | ||
Koninklijke Ahold Delhaize NV | 5.700% | 10/1/40 | 677 | 916 | ||
Kroger Co. | 7.500% | 4/1/31 | 718 | 1,007 | ||
Kroger Co. | 6.900% | 4/15/38 | 226 | 328 | ||
Kroger Co. | 5.400% | 7/15/40 | 778 | 997 | ||
Kroger Co. | 5.000% | 4/15/42 | 1,233 | 1,540 | ||
Kroger Co. | 5.150% | 8/1/43 | 566 | 724 | ||
Kroger Co. | 3.875% | 10/15/46 | 2,085 | 2,278 | ||
Kroger Co. | 4.650% | 1/15/48 | 2,856 | 3,460 | ||
Kroger Co. | 5.400% | 1/15/49 | 2,744 | 3,660 | ||
Kroger Co. | 3.950% | 1/15/50 | 2,300 | 2,557 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
McCormick & Co. Inc. | 4.200% | 8/15/47 | 1,140 | 1,350 | ||
Mead Johnson Nutrition Co. | 5.900% | 11/1/39 | 770 | 1,058 | ||
Mead Johnson Nutrition Co. | 4.600% | 6/1/44 | 1,886 | 2,333 | ||
Molson Coors Beverage Co. | 5.000% | 5/1/42 | 2,223 | 2,671 | ||
Molson Coors Beverage Co. | 4.200% | 7/15/46 | 5,742 | 6,156 | ||
Mondelez International Inc. | 1.500% | 2/4/31 | 1,950 | 1,832 | ||
Mondelez International Inc. | 1.875% | 10/15/32 | 1,385 | 1,330 | ||
Mondelez International Inc. | 2.625% | 9/4/50 | 2,095 | 1,877 | ||
PepsiCo Inc. | 1.400% | 2/25/31 | 2,000 | 1,914 | ||
PepsiCo Inc. | 5.500% | 1/15/40 | 1,000 | 1,401 | ||
PepsiCo Inc. | 3.500% | 3/19/40 | 2,682 | 3,012 | ||
PepsiCo Inc. | 4.875% | 11/1/40 | 1,257 | 1,645 | ||
PepsiCo Inc. | 4.000% | 3/5/42 | 1,239 | 1,462 | ||
PepsiCo Inc. | 3.600% | 8/13/42 | 4,280 | 4,777 | ||
PepsiCo Inc. | 4.250% | 10/22/44 | 1,157 | 1,410 | ||
PepsiCo Inc. | 4.600% | 7/17/45 | 1,177 | 1,498 | ||
PepsiCo Inc. | 4.450% | 4/14/46 | 1,761 | 2,224 | ||
PepsiCo Inc. | 3.450% | 10/6/46 | 1,855 | 2,026 | ||
PepsiCo Inc. | 4.000% | 5/2/47 | 1,460 | 1,724 | ||
PepsiCo Inc. | 3.375% | 7/29/49 | 4,334 | 4,698 | ||
PepsiCo Inc. | 2.875% | 10/15/49 | 1,601 | 1,602 | ||
PepsiCo Inc. | 3.625% | 3/19/50 | 3,866 | 4,367 | ||
PepsiCo Inc. | 3.875% | 3/19/60 | 2,413 | 2,876 | ||
Philip Morris International Inc. | 6.375% | 5/16/38 | 3,156 | 4,525 | ||
Philip Morris International Inc. | 4.375% | 11/15/41 | 2,939 | 3,422 | ||
Philip Morris International Inc. | 4.500% | 3/20/42 | 1,925 | 2,280 | ||
Philip Morris International Inc. | 3.875% | 8/21/42 | 1,877 | 2,037 | ||
Philip Morris International Inc. | 4.125% | 3/4/43 | 2,432 | 2,713 | ||
Philip Morris International Inc. | 4.875% | 11/15/43 | 1,374 | 1,695 | ||
Philip Morris International Inc. | 4.250% | 11/10/44 | 2,298 | 2,648 | ||
Procter & Gamble Co. | 5.800% | 8/15/34 | 250 | 360 | ||
Procter & Gamble Co. | 5.550% | 3/5/37 | 325 | 463 | ||
Procter & Gamble Co. | 3.550% | 3/25/40 | 1,945 | 2,254 | ||
Procter & Gamble Co. | 3.500% | 10/25/47 | 1,607 | 1,886 | ||
Procter & Gamble Co. | 3.600% | 3/25/50 | 886 | 1,068 | ||
Reynolds American Inc. | 5.700% | 8/15/35 | 2,202 | 2,667 | ||
Reynolds American Inc. | 7.250% | 6/15/37 | 561 | 735 | ||
Reynolds American Inc. | 6.150% | 9/15/43 | 3,567 | 4,471 | ||
Reynolds American Inc. | 5.850% | 8/15/45 | 5,998 | 7,172 | ||
Sysco Corp. | 5.375% | 9/21/35 | 1,386 | 1,777 | ||
Sysco Corp. | 6.600% | 4/1/40 | 2,077 | 2,949 | ||
Sysco Corp. | 4.850% | 10/1/45 | 2,134 | 2,561 | ||
Sysco Corp. | 4.500% | 4/1/46 | 894 | 1,023 | ||
Sysco Corp. | 4.450% | 3/15/48 | 1,270 | 1,455 | ||
Sysco Corp. | 3.300% | 2/15/50 | 1,915 | 1,890 | ||
Sysco Corp. | 6.600% | 4/1/50 | 3,295 | 4,884 | ||
Target Corp. | 6.350% | 11/1/32 | 100 | 142 | ||
Target Corp. | 6.500% | 10/15/37 | 607 | 919 | ||
Target Corp. | 7.000% | 1/15/38 | 485 | 768 | ||
Target Corp. | 4.000% | 7/1/42 | 1,825 | 2,273 | ||
Target Corp. | 3.625% | 4/15/46 | 3,273 | 3,761 | ||
Target Corp. | 3.900% | 11/15/47 | 2,760 | 3,323 | ||
Tyson Foods Inc. | 4.875% | 8/15/34 | 1,687 | 2,117 | ||
Tyson Foods Inc. | 5.150% | 8/15/44 | 1,010 | 1,300 | ||
Tyson Foods Inc. | 4.550% | 6/2/47 | 2,287 | 2,795 | ||
Tyson Foods Inc. | 5.100% | 9/28/48 | 3,623 | 4,762 | ||
Unilever Capital Corp. | 5.900% | 11/15/32 | 2,062 | 2,890 | ||
Walgreen Co. | 4.400% | 9/15/42 | 1,845 | 2,046 | ||
Walgreens Boots Alliance Inc. | 4.500% | 11/18/34 | 1,037 | 1,198 | ||
Walgreens Boots Alliance Inc. | 4.800% | 11/18/44 | 3,403 | 3,881 | ||
Walgreens Boots Alliance Inc. | 4.650% | 6/1/46 | 860 | 964 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Walgreens Boots Alliance Inc. | 4.100% | 4/15/50 | 2,301 | 2,425 | ||
Walmart Inc. | 5.250% | 9/1/35 | 5,414 | 7,486 | ||
Walmart Inc. | 6.500% | 8/15/37 | 1,648 | 2,506 | ||
Walmart Inc. | 6.200% | 4/15/38 | 1,127 | 1,672 | ||
Walmart Inc. | 3.950% | 6/28/38 | 4,799 | 5,704 | ||
Walmart Inc. | 5.625% | 4/1/40 | 2,143 | 3,064 | ||
Walmart Inc. | 4.875% | 7/8/40 | 100 | 132 | ||
Walmart Inc. | 5.000% | 10/25/40 | 1,473 | 1,982 | ||
Walmart Inc. | 5.625% | 4/15/41 | 3,841 | 5,523 | ||
Walmart Inc. | 4.000% | 4/11/43 | 3,171 | 3,767 | ||
Walmart Inc. | 4.300% | 4/22/44 | 1,021 | 1,276 | ||
Walmart Inc. | 3.625% | 12/15/47 | 3,560 | 4,087 | ||
Walmart Inc. | 4.050% | 6/29/48 | 5,469 | 6,707 | ||
Walmart Inc. | 2.950% | 9/24/49 | 2,704 | 2,787 | ||
515,292 | ||||||
Energy (8.94%) | ||||||
Baker Hughes a GE Co. LLC | 4.080% | 12/15/47 | 3,346 | 3,607 | ||
Baker Hughes Holdings LLC | 5.125% | 9/15/40 | 2,855 | 3,633 | ||
BP Capital Markets America Inc. | 3.000% | 2/24/50 | 4,503 | 4,184 | ||
BP Capital Markets America Inc. | 2.772% | 11/10/50 | 3,963 | 3,484 | ||
BP Capital Markets America Inc. | 2.939% | 6/4/51 | 5,700 | 5,179 | ||
BP Capital Markets America Inc. | 3.379% | 2/8/61 | 3,000 | 2,871 | ||
Burlington Resources LLC | 7.200% | 8/15/31 | 1,560 | 2,254 | ||
Burlington Resources LLC | 7.400% | 12/1/31 | 767 | 1,115 | ||
Burlington Resources LLC | 5.950% | 10/15/36 | 598 | 820 | ||
Canadian Natural Resources Ltd. | 7.200% | 1/15/32 | 1,676 | 2,246 | ||
Canadian Natural Resources Ltd. | 6.450% | 6/30/33 | 693 | 885 | ||
Canadian Natural Resources Ltd. | 5.850% | 2/1/35 | 1,790 | 2,213 | ||
Canadian Natural Resources Ltd. | 6.500% | 2/15/37 | 1,331 | 1,705 | ||
Canadian Natural Resources Ltd. | 6.250% | 3/15/38 | 2,930 | 3,800 | ||
Canadian Natural Resources Ltd. | 6.750% | 2/1/39 | 1,160 | 1,537 | ||
3 | Canadian Natural Resources Ltd. | 4.950% | 6/1/47 | 1,850 | 2,211 | |
Cenovus Energy Inc. | 5.250% | 6/15/37 | 3,570 | 3,945 | ||
Cenovus Energy Inc. | 6.750% | 11/15/39 | 2,458 | 3,159 | ||
Cenovus Energy Inc. | 5.400% | 6/15/47 | 2,900 | 3,284 | ||
Chevron Corp. | 2.978% | 5/11/40 | 1,315 | 1,344 | ||
Chevron Corp. | 3.078% | 5/11/50 | 1,956 | 1,949 | ||
Chevron USA Inc. | 6.000% | 3/1/41 | 1,670 | 2,376 | ||
Chevron USA Inc. | 5.250% | 11/15/43 | 2,816 | 3,801 | ||
Chevron USA Inc. | 5.050% | 11/15/44 | 1,865 | 2,454 | ||
Chevron USA Inc. | 4.950% | 8/15/47 | 1,034 | 1,341 | ||
Chevron USA Inc. | 4.200% | 10/15/49 | 2,765 | 3,237 | ||
Chevron USA Inc. | 2.343% | 8/12/50 | 635 | 546 | ||
Columbia Pipeline Group Inc. | 5.800% | 6/1/45 | 2,085 | 2,704 | ||
Conoco Funding Co. | 7.250% | 10/15/31 | 3,434 | 4,982 | ||
ConocoPhillips | 5.900% | 10/15/32 | 1,406 | 1,863 | ||
ConocoPhillips | 5.900% | 5/15/38 | 2,929 | 4,060 | ||
ConocoPhillips | 6.500% | 2/1/39 | 4,609 | 6,814 | ||
2,3 | ConocoPhillips | 4.875% | 10/1/47 | 3,805 | 4,769 | |
2,3 | ConocoPhillips | 4.850% | 8/15/48 | 1,110 | 1,404 | |
ConocoPhillips Co. | 4.300% | 11/15/44 | 1,995 | 2,373 | ||
Devon Energy Corp. | 7.875% | 9/30/31 | 922 | 1,272 | ||
Devon Energy Corp. | 7.950% | 4/15/32 | 1,775 | 2,467 | ||
Devon Energy Corp. | 5.600% | 7/15/41 | 1,824 | 2,189 | ||
Devon Energy Corp. | 4.750% | 5/15/42 | 2,510 | 2,742 | ||
Devon Energy Corp. | 5.000% | 6/15/45 | 1,840 | 2,088 | ||
Enable Midstream Partners LP | 5.000% | 5/15/44 | 833 | 824 | ||
3 | Enbridge Energy Partners LP | 7.500% | 4/15/38 | 877 | 1,287 | |
Enbridge Energy Partners LP | 5.500% | 9/15/40 | 1,713 | 2,085 | ||
Enbridge Energy Partners LP | 7.375% | 10/15/45 | 1,408 | 2,036 | ||
Enbridge Inc. | 4.500% | 6/10/44 | 790 | 879 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Enbridge Inc. | 5.500% | 12/1/46 | 2,067 | 2,591 | ||
Enbridge Inc. | 4.000% | 11/15/49 | 1,755 | 1,840 | ||
Energy Transfer Operating LP | 4.900% | 3/15/35 | 1,313 | 1,405 | ||
Energy Transfer Operating LP | 6.625% | 10/15/36 | 1,450 | 1,774 | ||
3 | Energy Transfer Operating LP | 5.800% | 6/15/38 | 1,027 | 1,148 | |
Energy Transfer Operating LP | 7.500% | 7/1/38 | 2,323 | 3,055 | ||
Energy Transfer Operating LP | 6.050% | 6/1/41 | 2,604 | 2,949 | ||
Energy Transfer Operating LP | 6.500% | 2/1/42 | 3,136 | 3,724 | ||
Energy Transfer Operating LP | 5.150% | 2/1/43 | 1,370 | 1,403 | ||
Energy Transfer Operating LP | 5.950% | 10/1/43 | 2,518 | 2,848 | ||
Energy Transfer Operating LP | 5.150% | 3/15/45 | 3,021 | 3,070 | ||
Energy Transfer Operating LP | 6.125% | 12/15/45 | 1,771 | 1,999 | ||
Energy Transfer Operating LP | 5.300% | 4/15/47 | 2,987 | 3,148 | ||
Energy Transfer Operating LP | 6.000% | 6/15/48 | 2,974 | 3,390 | ||
Energy Transfer Operating LP | 6.250% | 4/15/49 | 4,615 | 5,411 | ||
Energy Transfer Operating LP | 5.000% | 5/15/50 | 1,830 | 1,919 | ||
3 | Enterprise Products Operating LLC | 6.875% | 3/1/33 | 1,340 | 1,828 | |
3 | Enterprise Products Operating LLC | 6.650% | 10/15/34 | 632 | 860 | |
Enterprise Products Operating LLC | 7.550% | 4/15/38 | 2,318 | 3,433 | ||
Enterprise Products Operating LLC | 6.125% | 10/15/39 | 1,796 | 2,403 | ||
Enterprise Products Operating LLC | 6.450% | 9/1/40 | 1,645 | 2,275 | ||
Enterprise Products Operating LLC | 5.950% | 2/1/41 | 254 | 334 | ||
Enterprise Products Operating LLC | 5.700% | 2/15/42 | 242 | 310 | ||
Enterprise Products Operating LLC | 4.850% | 8/15/42 | 1,846 | 2,197 | ||
Enterprise Products Operating LLC | 4.450% | 2/15/43 | 2,381 | 2,718 | ||
Enterprise Products Operating LLC | 4.850% | 3/15/44 | 4,014 | 4,722 | ||
Enterprise Products Operating LLC | 5.100% | 2/15/45 | 2,859 | 3,399 | ||
Enterprise Products Operating LLC | 4.900% | 5/15/46 | 1,647 | 1,937 | ||
Enterprise Products Operating LLC | 4.250% | 2/15/48 | 2,520 | 2,736 | ||
Enterprise Products Operating LLC | 4.800% | 2/1/49 | 4,046 | 4,735 | ||
Enterprise Products Operating LLC | 4.200% | 1/31/50 | 2,828 | 3,064 | ||
Enterprise Products Operating LLC | 3.700% | 1/31/51 | 1,837 | 1,845 | ||
Enterprise Products Operating LLC | 3.200% | 2/15/52 | 3,391 | 3,147 | ||
Enterprise Products Operating LLC | 4.950% | 10/15/54 | 2,181 | 2,595 | ||
Enterprise Products Operating LLC | 3.950% | 1/31/60 | 3,315 | 3,363 | ||
EOG Resources Inc. | 3.900% | 4/1/35 | 431 | 472 | ||
EOG Resources Inc. | 4.950% | 4/15/50 | 1,765 | 2,231 | ||
Exxon Mobil Corp. | 2.995% | 8/16/39 | 781 | 786 | ||
Exxon Mobil Corp. | 4.227% | 3/19/40 | 2,380 | 2,741 | ||
Exxon Mobil Corp. | 3.567% | 3/6/45 | 4,792 | 5,009 | ||
Exxon Mobil Corp. | 4.114% | 3/1/46 | 5,803 | 6,584 | ||
Exxon Mobil Corp. | 3.095% | 8/16/49 | 2,760 | 2,651 | ||
Exxon Mobil Corp. | 4.327% | 3/19/50 | 9,568 | 11,242 | ||
Exxon Mobil Corp. | 3.452% | 4/15/51 | 7,218 | 7,431 | ||
Halliburton Co. | 4.850% | 11/15/35 | 2,426 | 2,753 | ||
Halliburton Co. | 6.700% | 9/15/38 | 3,533 | 4,615 | ||
Halliburton Co. | 7.450% | 9/15/39 | 660 | 915 | ||
Halliburton Co. | 4.500% | 11/15/41 | 2,858 | 3,004 | ||
Halliburton Co. | 4.750% | 8/1/43 | 2,238 | 2,414 | ||
Halliburton Co. | 5.000% | 11/15/45 | 5,272 | 6,102 | ||
Hess Corp. | 7.300% | 8/15/31 | 1,320 | 1,693 | ||
Hess Corp. | 7.125% | 3/15/33 | 1,960 | 2,553 | ||
Hess Corp. | 6.000% | 1/15/40 | 1,252 | 1,487 | ||
Hess Corp. | 5.600% | 2/15/41 | 2,905 | 3,446 | ||
Hess Corp. | 5.800% | 4/1/47 | 1,388 | 1,716 | ||
Husky Energy Inc. | 6.800% | 9/15/37 | 1,003 | 1,256 | ||
Kinder Morgan Energy Partners LP | 7.400% | 3/15/31 | 1,166 | 1,569 | ||
Kinder Morgan Energy Partners LP | 7.750% | 3/15/32 | 1,966 | 2,805 | ||
Kinder Morgan Energy Partners LP | 7.300% | 8/15/33 | 1,576 | 2,185 | ||
Kinder Morgan Energy Partners LP | 5.800% | 3/15/35 | 1,466 | 1,833 | ||
Kinder Morgan Energy Partners LP | 6.500% | 2/1/37 | 1,728 | 2,229 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
3 | Kinder Morgan Energy Partners LP | 6.950% | 1/15/38 | 2,417 | 3,238 | |
Kinder Morgan Energy Partners LP | 6.500% | 9/1/39 | 1,193 | 1,559 | ||
Kinder Morgan Energy Partners LP | 6.550% | 9/15/40 | 1,956 | 2,578 | ||
Kinder Morgan Energy Partners LP | 7.500% | 11/15/40 | 1,859 | 2,593 | ||
Kinder Morgan Energy Partners LP | 6.375% | 3/1/41 | 1,578 | 2,066 | ||
Kinder Morgan Energy Partners LP | 5.625% | 9/1/41 | 826 | 1,000 | ||
Kinder Morgan Energy Partners LP | 5.000% | 8/15/42 | 1,245 | 1,406 | ||
Kinder Morgan Energy Partners LP | 4.700% | 11/1/42 | 1,492 | 1,643 | ||
Kinder Morgan Energy Partners LP | 5.000% | 3/1/43 | 1,527 | 1,716 | ||
Kinder Morgan Energy Partners LP | 5.500% | 3/1/44 | 2,045 | 2,472 | ||
Kinder Morgan Energy Partners LP | 5.400% | 9/1/44 | 1,702 | 2,018 | ||
3 | Kinder Morgan Inc. | 7.800% | 8/1/31 | 1,355 | 1,910 | |
3 | Kinder Morgan Inc. | 7.750% | 1/15/32 | 2,420 | 3,469 | |
Kinder Morgan Inc. | 5.300% | 12/1/34 | 1,688 | 2,035 | ||
Kinder Morgan Inc. | 5.550% | 6/1/45 | 1,329 | 1,624 | ||
Kinder Morgan Inc. | 5.050% | 2/15/46 | 2,131 | 2,434 | ||
Kinder Morgan Inc. | 5.200% | 3/1/48 | 510 | 596 | ||
Kinder Morgan Inc. | 3.250% | 8/1/50 | 1,089 | 993 | ||
Kinder Morgan Inc. | 3.600% | 2/15/51 | 2,000 | 1,916 | ||
Magellan Midstream Partners LP | 5.150% | 10/15/43 | 1,225 | 1,450 | ||
Magellan Midstream Partners LP | 4.250% | 9/15/46 | 383 | 400 | ||
Magellan Midstream Partners LP | 4.200% | 10/3/47 | 1,517 | 1,582 | ||
Magellan Midstream Partners LP | 4.850% | 2/1/49 | 385 | 439 | ||
Magellan Midstream Partners LP | 3.950% | 3/1/50 | 2,862 | 2,934 | ||
Marathon Oil Corp. | 6.800% | 3/15/32 | 914 | 1,158 | ||
Marathon Oil Corp. | 6.600% | 10/1/37 | 3,004 | 3,834 | ||
Marathon Oil Corp. | 5.200% | 6/1/45 | 613 | 706 | ||
Marathon Petroleum Corp. | 6.500% | 3/1/41 | 2,982 | 3,914 | ||
Marathon Petroleum Corp. | 4.750% | 9/15/44 | 1,814 | 2,007 | ||
Marathon Petroleum Corp. | 4.500% | 4/1/48 | 1,273 | 1,373 | ||
Marathon Petroleum Corp. | 5.000% | 9/15/54 | 1,800 | 1,948 | ||
MPLX LP | 4.500% | 4/15/38 | 2,878 | 3,151 | ||
MPLX LP | 5.200% | 3/1/47 | 2,520 | 2,848 | ||
MPLX LP | 5.200% | 12/1/47 | 1,623 | 1,828 | ||
MPLX LP | 4.700% | 4/15/48 | 2,759 | 2,942 | ||
MPLX LP | 5.500% | 2/15/49 | 4,803 | 5,686 | ||
MPLX LP | 4.900% | 4/15/58 | 864 | 931 | ||
NOV Inc. | 3.950% | 12/1/42 | 2,815 | 2,716 | ||
ONEOK Inc. | 6.000% | 6/15/35 | 2,185 | 2,659 | ||
ONEOK Inc. | 4.950% | 7/13/47 | 1,869 | 1,978 | ||
ONEOK Inc. | 5.200% | 7/15/48 | 1,848 | 2,038 | ||
ONEOK Inc. | 4.450% | 9/1/49 | 2,034 | 2,044 | ||
ONEOK Inc. | 4.500% | 3/15/50 | 755 | 773 | ||
ONEOK Inc. | 7.150% | 1/15/51 | 730 | 987 | ||
ONEOK Partners LP | 6.650% | 10/1/36 | 715 | 900 | ||
ONEOK Partners LP | 6.850% | 10/15/37 | 2,119 | 2,674 | ||
ONEOK Partners LP | 6.125% | 2/1/41 | 1,812 | 2,173 | ||
ONEOK Partners LP | 6.200% | 9/15/43 | 486 | 587 | ||
Phillips 66 | 4.650% | 11/15/34 | 2,073 | 2,457 | ||
Phillips 66 | 5.875% | 5/1/42 | 3,180 | 4,296 | ||
Phillips 66 | 4.875% | 11/15/44 | 4,495 | 5,510 | ||
Phillips 66 Partners LP | 4.680% | 2/15/45 | 757 | 808 | ||
Phillips 66 Partners LP | 4.900% | 10/1/46 | 1,630 | 1,794 | ||
Plains All American Pipeline LP | 6.650% | 1/15/37 | 2,296 | 2,759 | ||
Plains All American Pipeline LP | 5.150% | 6/1/42 | 1,046 | 1,077 | ||
Plains All American Pipeline LP | 4.300% | 1/31/43 | 1,615 | 1,506 | ||
Plains All American Pipeline LP | 4.700% | 6/15/44 | 1,880 | 1,834 | ||
Plains All American Pipeline LP | 4.900% | 2/15/45 | 1,262 | 1,280 | ||
Shell International Finance BV | 4.125% | 5/11/35 | 5,061 | 5,879 | ||
Shell International Finance BV | 6.375% | 12/15/38 | 2,362 | 3,448 | ||
Shell International Finance BV | 5.500% | 3/25/40 | 3,314 | 4,479 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Shell International Finance BV | 3.625% | 8/21/42 | 3,705 | 3,999 | ||
Shell International Finance BV | 4.550% | 8/12/43 | 3,037 | 3,687 | ||
Shell International Finance BV | 4.375% | 5/11/45 | 5,495 | 6,490 | ||
Shell International Finance BV | 4.000% | 5/10/46 | 7,637 | 8,627 | ||
Shell International Finance BV | 3.750% | 9/12/46 | 3,464 | 3,783 | ||
Shell International Finance BV | 3.125% | 11/7/49 | 2,500 | 2,463 | ||
Shell International Finance BV | 3.250% | 4/6/50 | 6,845 | 6,888 | ||
Spectra Energy Partners LP | 5.950% | 9/25/43 | 1,316 | 1,655 | ||
Spectra Energy Partners LP | 4.500% | 3/15/45 | 1,779 | 1,975 | ||
Suncor Energy Inc. | 7.150% | 2/1/32 | 1,941 | 2,655 | ||
Suncor Energy Inc. | 5.350% | 7/15/33 | 528 | 637 | ||
Suncor Energy Inc. | 5.950% | 12/1/34 | 2,284 | 2,944 | ||
Suncor Energy Inc. | 5.950% | 5/15/35 | 1,092 | 1,402 | ||
Suncor Energy Inc. | 6.800% | 5/15/38 | 2,569 | 3,509 | ||
Suncor Energy Inc. | 6.500% | 6/15/38 | 2,266 | 3,052 | ||
Suncor Energy Inc. | 6.850% | 6/1/39 | 894 | 1,249 | ||
Suncor Energy Inc. | 4.000% | 11/15/47 | 2,690 | 2,873 | ||
Sunoco Logistics Partners Operations LP | 6.100% | 2/15/42 | 1,406 | 1,575 | ||
Sunoco Logistics Partners Operations LP | 4.950% | 1/15/43 | 1,463 | 1,479 | ||
Sunoco Logistics Partners Operations LP | 5.300% | 4/1/44 | 751 | 777 | ||
Sunoco Logistics Partners Operations LP | 5.350% | 5/15/45 | 1,133 | 1,209 | ||
Sunoco Logistics Partners Operations LP | 5.400% | 10/1/47 | 3,553 | 3,717 | ||
Tennessee Gas Pipeline Co. LLC | 7.625% | 4/1/37 | 624 | 857 | ||
Texas Eastern Transmission LP | 7.000% | 7/15/32 | 717 | 969 | ||
Total Capital International SA | 2.986% | 6/29/41 | 1,095 | 1,093 | ||
Total Capital International SA | 3.461% | 7/12/49 | 725 | 748 | ||
Total Capital International SA | 3.127% | 5/29/50 | 8,966 | 8,764 | ||
Total Capital International SA | 3.386% | 6/29/60 | 915 | 913 | ||
TransCanada PipeLines Ltd. | 4.625% | 3/1/34 | 4,020 | 4,673 | ||
TransCanada PipeLines Ltd. | 5.600% | 3/31/34 | 1,525 | 1,937 | ||
TransCanada PipeLines Ltd. | 5.850% | 3/15/36 | 2,022 | 2,650 | ||
TransCanada PipeLines Ltd. | 6.200% | 10/15/37 | 2,504 | 3,348 | ||
TransCanada PipeLines Ltd. | 4.750% | 5/15/38 | 1,505 | 1,788 | ||
TransCanada PipeLines Ltd. | 7.250% | 8/15/38 | 2,509 | 3,644 | ||
TransCanada PipeLines Ltd. | 7.625% | 1/15/39 | 200 | 305 | ||
TransCanada PipeLines Ltd. | 6.100% | 6/1/40 | 2,643 | 3,521 | ||
TransCanada PipeLines Ltd. | 5.000% | 10/16/43 | 1,821 | 2,186 | ||
TransCanada PipeLines Ltd. | 4.875% | 5/15/48 | 3,315 | 3,967 | ||
TransCanada PipeLines Ltd. | 5.100% | 3/15/49 | 2,221 | 2,746 | ||
Transcontinental Gas Pipe Line Co. LLC | 5.400% | 8/15/41 | 1,320 | 1,595 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.450% | 8/1/42 | 955 | 1,059 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.600% | 3/15/48 | 1,466 | 1,681 | ||
Transcontinental Gas Pipe Line Co. LLC | 3.950% | 5/15/50 | 1,353 | 1,447 | ||
Valero Energy Corp. | 7.500% | 4/15/32 | 2,238 | 3,105 | ||
Valero Energy Corp. | 6.625% | 6/15/37 | 2,845 | 3,728 | ||
Valero Energy Corp. | 4.900% | 3/15/45 | 1,663 | 1,918 | ||
1 | Williams Cos. Inc. | 2.600% | 3/15/31 | 3,000 | 3,000 | |
Williams Cos. Inc. | 8.750% | 3/15/32 | 1,055 | 1,577 | ||
Williams Cos. Inc. | 6.300% | 4/15/40 | 1,094 | 1,423 | ||
Williams Cos. Inc. | 5.800% | 11/15/43 | 781 | 979 | ||
Williams Cos. Inc. | 5.400% | 3/4/44 | 900 | 1,066 | ||
Williams Cos. Inc. | 5.750% | 6/24/44 | 1,626 | 2,008 | ||
Williams Cos. Inc. | 4.900% | 1/15/45 | 2,116 | 2,386 | ||
Williams Cos. Inc. | 5.100% | 9/15/45 | 1,827 | 2,140 | ||
Williams Cos. Inc. | 4.850% | 3/1/48 | 2,790 | 3,186 | ||
563,420 | ||||||
Financials (14.58%) | ||||||
Aflac Inc. | 4.000% | 10/15/46 | 538 | 612 | ||
Aflac Inc. | 4.750% | 1/15/49 | 2,839 | 3,631 | ||
Alleghany Corp. | 4.900% | 9/15/44 | 682 | 817 | ||
Allstate Corp. | 5.350% | 6/1/33 | 829 | 1,090 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Allstate Corp. | 5.550% | 5/9/35 | 816 | 1,111 | ||
Allstate Corp. | 5.950% | 4/1/36 | 546 | 783 | ||
Allstate Corp. | 4.500% | 6/15/43 | 1,386 | 1,724 | ||
Allstate Corp. | 4.200% | 12/15/46 | 2,150 | 2,606 | ||
Allstate Corp. | 3.850% | 8/10/49 | 1,750 | 2,029 | ||
3 | Allstate Corp. | 6.500% | 5/15/57 | 1,070 | 1,394 | |
3 | Ally Financial Inc. | 8.000% | 11/1/31 | 4,963 | 7,072 | |
Ally Financial Inc. | 8.000% | 11/1/31 | 2,943 | 4,184 | ||
American Express Co. | 4.050% | 12/3/42 | 3,218 | 3,784 | ||
American Financial Group Inc. | 4.500% | 6/15/47 | 1,463 | 1,689 | ||
American International Group Inc. | 3.875% | 1/15/35 | 1,713 | 1,948 | ||
American International Group Inc. | 4.700% | 7/10/35 | 3,844 | 4,701 | ||
American International Group Inc. | 6.250% | 5/1/36 | 1,475 | 2,055 | ||
American International Group Inc. | 4.500% | 7/16/44 | 3,722 | 4,428 | ||
American International Group Inc. | 4.800% | 7/10/45 | 1,868 | 2,304 | ||
American International Group Inc. | 4.750% | 4/1/48 | 2,955 | 3,658 | ||
American International Group Inc. | 4.375% | 6/30/50 | 1,790 | 2,127 | ||
American International Group Inc. | 4.375% | 1/15/55 | 3,600 | 4,233 | ||
3 | American International Group Inc. | 8.175% | 5/15/58 | 626 | 891 | |
Aon Corp. | 6.250% | 9/30/40 | 844 | 1,194 | ||
Aon plc | 4.600% | 6/14/44 | 2,346 | 2,907 | ||
Aon plc | 4.750% | 5/15/45 | 504 | 633 | ||
Arch Capital Finance LLC | 5.031% | 12/15/46 | 1,228 | 1,545 | ||
Arch Capital Group Ltd. | 7.350% | 5/1/34 | 745 | 1,100 | ||
Arch Capital Group Ltd. | 3.635% | 6/30/50 | 2,235 | 2,341 | ||
Arch Capital Group US Inc. | 5.144% | 11/1/43 | 1,398 | 1,761 | ||
Bank of America Corp. | 6.110% | 1/29/37 | 6,437 | 8,907 | ||
3 | Bank of America Corp. | 4.244% | 4/24/38 | 2,534 | 3,000 | |
Bank of America Corp. | 7.750% | 5/14/38 | 3,578 | 5,713 | ||
3 | Bank of America Corp. | 4.078% | 4/23/40 | 2,977 | 3,438 | |
3 | Bank of America Corp. | 2.676% | 6/19/41 | 14,184 | 13,701 | |
3 | Bank of America Corp. | 5.875% | 2/7/42 | 2,044 | 2,878 | |
3 | Bank of America Corp. | 5.000% | 1/21/44 | 5,909 | 7,751 | |
3 | Bank of America Corp. | 4.875% | 4/1/44 | 1,737 | 2,235 | |
3 | Bank of America Corp. | 4.750% | 4/21/45 | 1,921 | 2,482 | |
3 | Bank of America Corp. | 4.443% | 1/20/48 | 7,725 | 9,462 | |
3 | Bank of America Corp. | 3.946% | 1/23/49 | 5,684 | 6,464 | |
3 | Bank of America Corp. | 4.330% | 3/15/50 | 3,543 | 4,210 | |
3 | Bank of America Corp. | 4.083% | 3/20/51 | 15,670 | 17,965 | |
3 | Bank of America Corp. | 2.831% | 10/24/51 | 1,355 | 1,282 | |
3 | Bank of America NA | 6.000% | 10/15/36 | 2,101 | 3,003 | |
Barclays plc | 5.250% | 8/17/45 | 2,660 | 3,445 | ||
Barclays plc | 4.950% | 1/10/47 | 3,982 | 5,012 | ||
Berkshire Hathaway Finance Corp. | 5.750% | 1/15/40 | 1,170 | 1,647 | ||
Berkshire Hathaway Finance Corp. | 4.400% | 5/15/42 | 4,027 | 4,934 | ||
Berkshire Hathaway Finance Corp. | 4.300% | 5/15/43 | 1,966 | 2,388 | ||
Berkshire Hathaway Finance Corp. | 4.200% | 8/15/48 | 5,953 | 7,146 | ||
Berkshire Hathaway Finance Corp. | 4.250% | 1/15/49 | 2,214 | 2,662 | ||
Berkshire Hathaway Finance Corp. | 2.850% | 10/15/50 | 6,075 | 5,893 | ||
Berkshire Hathaway Finance Corp. | 2.500% | 1/15/51 | 800 | 727 | ||
Berkshire Hathaway Inc. | 4.500% | 2/11/43 | 2,003 | 2,498 | ||
Brighthouse Financial Inc. | 4.700% | 6/22/47 | 2,203 | 2,285 | ||
Brookfield Finance Inc. | 4.700% | 9/20/47 | 2,083 | 2,477 | ||
Brookfield Finance Inc. | 3.500% | 3/30/51 | 1,315 | 1,328 | ||
Brookfield Finance LLC | 3.450% | 4/15/50 | 1,680 | 1,647 | ||
Brown & Brown Inc. | 2.375% | 3/15/31 | 1,286 | 1,285 | ||
Charles Schwab Corp. | 1.650% | 3/11/31 | 1,000 | 957 | ||
Chubb Corp. | 6.000% | 5/11/37 | 1,766 | 2,485 | ||
3 | Chubb Corp. | 6.500% | 5/15/38 | 2,400 | 3,632 | |
Chubb INA Holdings Inc. | 6.700% | 5/15/36 | 1,613 | 2,412 | ||
Chubb INA Holdings Inc. | 4.150% | 3/13/43 | 1,987 | 2,378 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Chubb INA Holdings Inc. | 4.350% | 11/3/45 | 2,309 | 2,878 | ||
Cincinnati Financial Corp. | 6.125% | 11/1/34 | 749 | 1,015 | ||
Citigroup Inc. | 6.625% | 6/15/32 | 4,484 | 6,117 | ||
Citigroup Inc. | 5.875% | 2/22/33 | 726 | 943 | ||
Citigroup Inc. | 6.000% | 10/31/33 | 2,852 | 3,809 | ||
Citigroup Inc. | 6.125% | 8/25/36 | 650 | 876 | ||
3 | Citigroup Inc. | 3.878% | 1/24/39 | 1,492 | 1,663 | |
Citigroup Inc. | 8.125% | 7/15/39 | 2,690 | 4,524 | ||
3 | Citigroup Inc. | 5.316% | 3/26/41 | 2,015 | 2,696 | |
Citigroup Inc. | 5.875% | 1/30/42 | 4,422 | 6,309 | ||
Citigroup Inc. | 6.675% | 9/13/43 | 2,295 | 3,488 | ||
Citigroup Inc. | 5.300% | 5/6/44 | 1,856 | 2,431 | ||
Citigroup Inc. | 4.650% | 7/30/45 | 3,777 | 4,710 | ||
Citigroup Inc. | 4.750% | 5/18/46 | 5,759 | 7,062 | ||
3 | Citigroup Inc. | 4.281% | 4/24/48 | 2,608 | 3,174 | |
Citigroup Inc. | 4.650% | 7/23/48 | 4,688 | 5,983 | ||
2,3 | Citizens Financial Group Inc. | 2.638% | 9/30/32 | 2,367 | 2,381 | |
CME Group Inc. | 5.300% | 9/15/43 | 1,061 | 1,490 | ||
CME Group Inc. | 4.150% | 6/15/48 | 1,590 | 1,953 | ||
3 | Cooperatieve Rabobank UA | 5.250% | 5/24/41 | 4,722 | 6,403 | |
Cooperatieve Rabobank UA | 5.750% | 12/1/43 | 2,585 | 3,610 | ||
Cooperatieve Rabobank UA | 5.250% | 8/4/45 | 3,649 | 4,845 | ||
Credit Suisse Group AG | 4.875% | 5/15/45 | 5,249 | 6,798 | ||
Credit Suisse USA Inc. | 7.125% | 7/15/32 | 1,909 | 2,848 | ||
Equitable Holdings Inc. | 5.000% | 4/20/48 | 4,199 | 5,232 | ||
Everest Reinsurance Holdings Inc. | 4.868% | 6/1/44 | 1,168 | 1,426 | ||
Everest Reinsurance Holdings Inc. | 3.500% | 10/15/50 | 1,900 | 1,938 | ||
Fidelity National Financial Inc. | 2.450% | 3/15/31 | 808 | 798 | ||
Fifth Third Bancorp | 8.250% | 3/1/38 | 2,414 | 3,987 | ||
3 | First Republic Bank | 4.375% | 8/1/46 | 1,173 | 1,405 | |
3 | First Republic Bank | 4.625% | 2/13/47 | 355 | 437 | |
GATX Corp. | 1.900% | 6/1/31 | 1,000 | 958 | ||
GATX Corp. | 5.200% | 3/15/44 | 570 | 725 | ||
GATX Corp. | 3.100% | 6/1/51 | 750 | 716 | ||
2,3 | GE Capital Funding LLC | 4.550% | 5/15/32 | 2,790 | 3,233 | |
GE Capital International Funding Co. Unlimited Co. | 4.418% | 11/15/35 | 28,068 | 32,062 | ||
Global Payments Inc. | 4.150% | 8/15/49 | 2,450 | 2,712 | ||
Goldman Sachs Capital I | 6.345% | 2/15/34 | 1,516 | 2,054 | ||
Goldman Sachs Group Inc. | 6.125% | 2/15/33 | 2,383 | 3,289 | ||
Goldman Sachs Group Inc. | 6.450% | 5/1/36 | 3,089 | 4,332 | ||
Goldman Sachs Group Inc. | 6.750% | 10/1/37 | 14,970 | 21,840 | ||
3 | Goldman Sachs Group Inc. | 4.017% | 10/31/38 | 2,853 | 3,301 | |
3 | Goldman Sachs Group Inc. | 4.411% | 4/23/39 | 3,564 | 4,290 | |
Goldman Sachs Group Inc. | 6.250% | 2/1/41 | 8,075 | 11,933 | ||
3 | Goldman Sachs Group Inc. | 4.800% | 7/8/44 | 5,746 | 7,456 | |
Goldman Sachs Group Inc. | 5.150% | 5/22/45 | 6,236 | 8,231 | ||
Goldman Sachs Group Inc. | 4.750% | 10/21/45 | 1,861 | 2,395 | ||
Hartford Financial Services Group Inc. | 5.950% | 10/15/36 | 779 | 1,060 | ||
Hartford Financial Services Group Inc. | 6.100% | 10/1/41 | 1,016 | 1,422 | ||
Hartford Financial Services Group Inc. | 4.300% | 4/15/43 | 983 | 1,146 | ||
Hartford Financial Services Group Inc. | 4.400% | 3/15/48 | 1,098 | 1,318 | ||
Hartford Financial Services Group Inc. | 3.600% | 8/19/49 | 1,333 | 1,437 | ||
3 | HSBC Bank USA NA | 5.875% | 11/1/34 | 685 | 908 | |
3 | HSBC Bank USA NA | 5.625% | 8/15/35 | 1,004 | 1,311 | |
3 | HSBC Bank USA NA | 7.000% | 1/15/39 | 2,001 | 2,991 | |
3 | HSBC Holdings plc | 7.625% | 5/17/32 | 891 | 1,271 | |
HSBC Holdings plc | 6.500% | 5/2/36 | 5,269 | 7,271 | ||
HSBC Holdings plc | 6.500% | 9/15/37 | 7,145 | 10,012 | ||
HSBC Holdings plc | 6.800% | 6/1/38 | 3,559 | 5,135 | ||
HSBC Holdings plc | 6.100% | 1/14/42 | 2,256 | 3,222 | ||
HSBC Holdings plc | 5.250% | 3/14/44 | 2,868 | 3,671 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Intercontinental Exchange Inc. | 1.850% | 9/15/32 | 1,496 | 1,420 | ||
Intercontinental Exchange Inc. | 2.650% | 9/15/40 | 4,600 | 4,348 | ||
Intercontinental Exchange Inc. | 4.250% | 9/21/48 | 5,786 | 6,775 | ||
Intercontinental Exchange Inc. | 3.000% | 6/15/50 | 2,721 | 2,603 | ||
Intercontinental Exchange Inc. | 3.000% | 9/15/60 | 1,210 | 1,149 | ||
Invesco Finance plc | 5.375% | 11/30/43 | 533 | 674 | ||
Jefferies Group LLC | 2.750% | 10/15/32 | 2,210 | 2,246 | ||
Jefferies Group LLC | 6.250% | 1/15/36 | 647 | 864 | ||
Jefferies Group LLC | 6.500% | 1/20/43 | 564 | 737 | ||
JPMorgan Chase & Co. | 1.764% | 11/19/31 | 960 | 921 | ||
JPMorgan Chase & Co. | 1.953% | 2/4/32 | 300 | 293 | ||
JPMorgan Chase & Co. | 6.400% | 5/15/38 | 6,505 | 9,629 | ||
3 | JPMorgan Chase & Co. | 3.882% | 7/24/38 | 9,291 | 10,670 | |
JPMorgan Chase & Co. | 5.500% | 10/15/40 | 4,790 | 6,646 | ||
3 | JPMorgan Chase & Co. | 3.109% | 4/22/41 | 3,093 | 3,244 | |
JPMorgan Chase & Co. | 5.600% | 7/15/41 | 1,256 | 1,774 | ||
JPMorgan Chase & Co. | 2.525% | 11/19/41 | 1,575 | 1,509 | ||
JPMorgan Chase & Co. | 5.400% | 1/6/42 | 3,297 | 4,555 | ||
JPMorgan Chase & Co. | 5.625% | 8/16/43 | 3,547 | 5,034 | ||
JPMorgan Chase & Co. | 4.850% | 2/1/44 | 4,384 | 5,746 | ||
JPMorgan Chase & Co. | 4.950% | 6/1/45 | 2,479 | 3,285 | ||
3 | JPMorgan Chase & Co. | 4.260% | 2/22/48 | 6,453 | 7,857 | |
3 | JPMorgan Chase & Co. | 4.032% | 7/24/48 | 4,255 | 4,975 | |
3 | JPMorgan Chase & Co. | 3.964% | 11/15/48 | 6,888 | 7,985 | |
3 | JPMorgan Chase & Co. | 3.897% | 1/23/49 | 2,911 | 3,348 | |
3 | JPMorgan Chase & Co. | 3.109% | 4/22/51 | 7,978 | 8,042 | |
Legg Mason Inc. | 5.625% | 1/15/44 | 1,285 | 1,765 | ||
Lincoln National Corp. | 6.300% | 10/9/37 | 1,297 | 1,747 | ||
Lincoln National Corp. | 7.000% | 6/15/40 | 1,353 | 1,970 | ||
Lincoln National Corp. | 4.350% | 3/1/48 | 656 | 765 | ||
Lloyds Banking Group plc | 5.300% | 12/1/45 | 1,978 | 2,573 | ||
Lloyds Banking Group plc | 4.344% | 1/9/48 | 3,422 | 3,992 | ||
Loews Corp. | 4.125% | 5/15/43 | 2,086 | 2,347 | ||
Manulife Financial Corp. | 5.375% | 3/4/46 | 1,585 | 2,171 | ||
Markel Corp. | 5.000% | 4/5/46 | 945 | 1,207 | ||
Markel Corp. | 4.300% | 11/1/47 | 465 | 541 | ||
Markel Corp. | 5.000% | 5/20/49 | 2,165 | 2,763 | ||
Markel Corp. | 4.150% | 9/17/50 | 1,152 | 1,319 | ||
Marsh & McLennan Cos. Inc. | 5.875% | 8/1/33 | 1,638 | 2,222 | ||
Marsh & McLennan Cos. Inc. | 4.750% | 3/15/39 | 2,901 | 3,632 | ||
Marsh & McLennan Cos. Inc. | 4.350% | 1/30/47 | 1,593 | 1,935 | ||
Marsh & McLennan Cos. Inc. | 4.200% | 3/1/48 | 295 | 352 | ||
Marsh & McLennan Cos. Inc. | 4.900% | 3/15/49 | 1,405 | 1,843 | ||
Mastercard Inc. | 3.800% | 11/21/46 | 964 | 1,109 | ||
Mastercard Inc. | 3.950% | 2/26/48 | 2,369 | 2,801 | ||
Mastercard Inc. | 3.650% | 6/1/49 | 2,084 | 2,354 | ||
Mastercard Inc. | 3.850% | 3/26/50 | 3,335 | 3,877 | ||
MetLife Inc. | 6.500% | 12/15/32 | 1,454 | 2,092 | ||
MetLife Inc. | 6.375% | 6/15/34 | 875 | 1,267 | ||
MetLife Inc. | 5.700% | 6/15/35 | 2,751 | 3,836 | ||
3 | MetLife Inc. | 6.400% | 12/15/36 | 2,418 | 3,047 | |
3 | MetLife Inc. | 10.750% | 8/1/39 | 776 | 1,315 | |
MetLife Inc. | 5.875% | 2/6/41 | 3,386 | 4,809 | ||
MetLife Inc. | 4.125% | 8/13/42 | 2,285 | 2,680 | ||
MetLife Inc. | 4.875% | 11/13/43 | 2,518 | 3,309 | ||
MetLife Inc. | 4.721% | 12/15/44 | 1,522 | 1,939 | ||
MetLife Inc. | 4.050% | 3/1/45 | 2,111 | 2,499 | ||
MetLife Inc. | 4.600% | 5/13/46 | 1,419 | 1,802 | ||
Mitsubishi UFJ Financial Group Inc. | 4.286% | 7/26/38 | 1,025 | 1,213 | ||
Mitsubishi UFJ Financial Group Inc. | 4.153% | 3/7/39 | 865 | 1,008 | ||
Mitsubishi UFJ Financial Group Inc. | 3.751% | 7/18/39 | 3,392 | 3,767 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Mizuho Financial Group Inc. | 2.172% | 5/22/32 | 1,000 | 986 | ||
Morgan Stanley | 7.250% | 4/1/32 | 3,915 | 5,710 | ||
3 | Morgan Stanley | 1.928% | 4/28/32 | 2,900 | 2,812 | |
3 | Morgan Stanley | 3.971% | 7/22/38 | 6,723 | 7,783 | |
3 | Morgan Stanley | 4.457% | 4/22/39 | 3,750 | 4,558 | |
Morgan Stanley | 6.375% | 7/24/42 | 2,187 | 3,331 | ||
Morgan Stanley | 4.300% | 1/27/45 | 3,319 | 4,083 | ||
Morgan Stanley | 4.375% | 1/22/47 | 7,816 | 9,720 | ||
3 | Morgan Stanley | 5.597% | 3/24/51 | 6,109 | 8,885 | |
3 | Morgan Stanley | 2.802% | 1/25/52 | 6,550 | 6,183 | |
Nasdaq Inc. | 2.500% | 12/21/40 | 2,045 | 1,873 | ||
Nasdaq Inc. | 3.250% | 4/28/50 | 1,507 | 1,491 | ||
3 | Nationwide Financial Services Inc. | 6.750% | 5/15/37 | 793 | 949 | |
PayPal Holdings Inc. | 3.250% | 6/1/50 | 1,155 | 1,200 | ||
Principal Financial Group Inc. | 6.050% | 10/15/36 | 440 | 600 | ||
Principal Financial Group Inc. | 4.625% | 9/15/42 | 1,232 | 1,466 | ||
Principal Financial Group Inc. | 4.350% | 5/15/43 | 1,574 | 1,821 | ||
Principal Financial Group Inc. | 4.300% | 11/15/46 | 850 | 988 | ||
Progressive Corp. | 6.250% | 12/1/32 | 1,739 | 2,421 | ||
Progressive Corp. | 4.350% | 4/25/44 | 1,030 | 1,266 | ||
Progressive Corp. | 3.700% | 1/26/45 | 810 | 913 | ||
Progressive Corp. | 4.125% | 4/15/47 | 1,358 | 1,637 | ||
Progressive Corp. | 4.200% | 3/15/48 | 2,423 | 2,961 | ||
Progressive Corp. | 3.950% | 3/26/50 | 1,490 | 1,787 | ||
3 | Prudential Financial Inc. | 5.750% | 7/15/33 | 909 | 1,219 | |
3 | Prudential Financial Inc. | 5.700% | 12/14/36 | 410 | 566 | |
3 | Prudential Financial Inc. | 6.625% | 12/1/37 | 1,233 | 1,787 | |
3 | Prudential Financial Inc. | 3.000% | 3/10/40 | 795 | 811 | |
3 | Prudential Financial Inc. | 6.625% | 6/21/40 | 710 | 1,040 | |
3 | Prudential Financial Inc. | 6.200% | 11/15/40 | 545 | 732 | |
3 | Prudential Financial Inc. | 5.100% | 8/15/43 | 516 | 603 | |
3 | Prudential Financial Inc. | 4.600% | 5/15/44 | 2,254 | 2,758 | |
Prudential Financial Inc. | 3.905% | 12/7/47 | 3,380 | 3,792 | ||
3 | Prudential Financial Inc. | 4.418% | 3/27/48 | 1,900 | 2,284 | |
Prudential Financial Inc. | 3.935% | 12/7/49 | 2,836 | 3,235 | ||
3 | Prudential Financial Inc. | 4.350% | 2/25/50 | 2,620 | 3,138 | |
3 | Prudential Financial Inc. | 3.700% | 3/13/51 | 1,010 | 1,106 | |
Raymond James Financial Inc. | 4.950% | 7/15/46 | 3,842 | 4,889 | ||
3 | Regions Bank | 6.450% | 6/26/37 | 805 | 1,098 | |
Regions Financial Corp. | 7.375% | 12/10/37 | 640 | 942 | ||
Selective Insurance Group Inc. | 5.375% | 3/1/49 | 595 | 704 | ||
Sumitomo Mitsui Financial Group Inc. | 2.296% | 1/12/41 | 1,300 | 1,183 | ||
Transatlantic Holdings Inc. | 8.000% | 11/30/39 | 953 | 1,439 | ||
Travelers Cos. Inc. | 6.750% | 6/20/36 | 1,275 | 1,910 | ||
3 | Travelers Cos. Inc. | 6.250% | 6/15/37 | 1,998 | 2,842 | |
Travelers Cos. Inc. | 5.350% | 11/1/40 | 1,290 | 1,735 | ||
Travelers Cos. Inc. | 4.600% | 8/1/43 | 1,298 | 1,636 | ||
Travelers Cos. Inc. | 4.300% | 8/25/45 | 1,733 | 2,109 | ||
Travelers Cos. Inc. | 3.750% | 5/15/46 | 983 | 1,117 | ||
Travelers Cos. Inc. | 4.000% | 5/30/47 | 1,071 | 1,269 | ||
Travelers Cos. Inc. | 4.050% | 3/7/48 | 2,346 | 2,802 | ||
Travelers Cos. Inc. | 4.100% | 3/4/49 | 734 | 885 | ||
Travelers Cos. Inc. | 2.550% | 4/27/50 | 685 | 638 | ||
Travelers Property Casualty Corp. | 6.375% | 3/15/33 | 1,070 | 1,519 | ||
Unum Group | 5.750% | 8/15/42 | 966 | 1,159 | ||
Unum Group | 4.500% | 12/15/49 | 1,498 | 1,519 | ||
Visa Inc. | 4.150% | 12/14/35 | 5,404 | 6,646 | ||
Visa Inc. | 2.700% | 4/15/40 | 1,560 | 1,575 | ||
Visa Inc. | 4.300% | 12/14/45 | 9,249 | 11,563 | ||
Visa Inc. | 3.650% | 9/15/47 | 1,916 | 2,189 | ||
Visa Inc. | 2.000% | 8/15/50 | 2,382 | 1,997 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Voya Financial Inc. | 5.700% | 7/15/43 | 577 | 747 | ||
Voya Financial Inc. | 4.800% | 6/15/46 | 1,217 | 1,482 | ||
W R Berkley Corp. | 4.750% | 8/1/44 | 1,342 | 1,627 | ||
W R Berkley Corp. | 4.000% | 5/12/50 | 640 | 711 | ||
Wachovia Corp. | 7.500% | 4/15/35 | 615 | 860 | ||
Wachovia Corp. | 5.500% | 8/1/35 | 2,553 | 3,299 | ||
3 | Wells Fargo & Co. | 5.950% | 12/15/36 | 708 | 961 | |
3 | Wells Fargo & Co. | 3.068% | 4/30/41 | 10,070 | 10,328 | |
Wells Fargo & Co. | 5.375% | 11/2/43 | 4,959 | 6,407 | ||
Wells Fargo & Co. | 5.606% | 1/15/44 | 7,862 | 10,513 | ||
3 | Wells Fargo & Co. | 4.650% | 11/4/44 | 6,839 | 8,173 | |
Wells Fargo & Co. | 3.900% | 5/1/45 | 3,735 | 4,307 | ||
3 | Wells Fargo & Co. | 4.900% | 11/17/45 | 6,150 | 7,554 | |
3 | Wells Fargo & Co. | 4.400% | 6/14/46 | 6,147 | 7,200 | |
3 | Wells Fargo & Co. | 4.750% | 12/7/46 | 4,119 | 5,075 | |
3 | Wells Fargo & Co. | 5.013% | 4/4/51 | 9,969 | 13,174 | |
Wells Fargo Bank NA | 5.950% | 8/26/36 | 1,770 | 2,404 | ||
3 | Wells Fargo Bank NA | 5.850% | 2/1/37 | 1,888 | 2,574 | |
3 | Wells Fargo Bank NA | 6.600% | 1/15/38 | 2,960 | 4,294 | |
1 | Western Union Co. | 2.750% | 3/15/31 | 500 | 496 | |
Western Union Co. | 6.200% | 11/17/36 | 1,137 | 1,434 | ||
Westpac Banking Corp. | 4.421% | 7/24/39 | 2,871 | 3,374 | ||
Westpac Banking Corp. | 2.963% | 11/16/40 | 2,818 | 2,758 | ||
Willis North America Inc. | 5.050% | 9/15/48 | 1,310 | 1,689 | ||
Willis North America Inc. | 3.875% | 9/15/49 | 1,537 | 1,724 | ||
XLIT Ltd. | 5.250% | 12/15/43 | 612 | 831 | ||
XLIT Ltd. | 5.500% | 3/31/45 | 1,360 | 1,794 | ||
918,859 | ||||||
Health Care (14.27%) | ||||||
Abbott Laboratories | 4.750% | 11/30/36 | 2,980 | 3,872 | ||
Abbott Laboratories | 6.150% | 11/30/37 | 3,021 | 4,488 | ||
Abbott Laboratories | 6.000% | 4/1/39 | 2,064 | 3,013 | ||
Abbott Laboratories | 5.300% | 5/27/40 | 1,803 | 2,465 | ||
Abbott Laboratories | 4.750% | 4/15/43 | 2,851 | 3,756 | ||
Abbott Laboratories | 4.900% | 11/30/46 | 4,548 | 6,148 | ||
AbbVie Inc. | 4.550% | 3/15/35 | 6,656 | 8,034 | ||
AbbVie Inc. | 4.500% | 5/14/35 | 7,039 | 8,440 | ||
AbbVie Inc. | 4.300% | 5/14/36 | 4,285 | 5,046 | ||
AbbVie Inc. | 4.050% | 11/21/39 | 6,721 | 7,719 | ||
AbbVie Inc. | 4.625% | 10/1/42 | 1,955 | 2,327 | ||
AbbVie Inc. | 4.400% | 11/6/42 | 3,811 | 4,544 | ||
AbbVie Inc. | 4.850% | 6/15/44 | 1,166 | 1,450 | ||
AbbVie Inc. | 4.750% | 3/15/45 | 4,562 | 5,537 | ||
AbbVie Inc. | 4.700% | 5/14/45 | 2,455 | 2,958 | ||
AbbVie Inc. | 4.450% | 5/14/46 | 5,211 | 6,134 | ||
AbbVie Inc. | 4.875% | 11/14/48 | 6,240 | 7,863 | ||
AbbVie Inc. | 4.250% | 11/21/49 | 16,703 | 19,371 | ||
Adventist Health System | 3.630% | 3/1/49 | 855 | 923 | ||
Advocate Health & Hospitals Corp. | 4.272% | 8/15/48 | 724 | 880 | ||
Advocate Health & Hospitals Corp. | 3.387% | 10/15/49 | 600 | 633 | ||
3 | Advocate Health & Hospitals Corp. | 3.008% | 6/15/50 | 1,723 | 1,709 | |
Aetna Inc. | 6.625% | 6/15/36 | 1,526 | 2,200 | ||
Aetna Inc. | 6.750% | 12/15/37 | 281 | 405 | ||
Aetna Inc. | 4.500% | 5/15/42 | 897 | 1,040 | ||
Aetna Inc. | 4.125% | 11/15/42 | 2,398 | 2,684 | ||
Aetna Inc. | 4.750% | 3/15/44 | 1,398 | 1,685 | ||
Aetna Inc. | 3.875% | 8/15/47 | 4,219 | 4,568 | ||
AHS Hospital Corp. | 5.024% | 7/1/45 | 948 | 1,255 | ||
3 | AHS Hospital Corp. | 2.780% | 7/1/51 | 1,900 | 1,825 | |
3 | Allina Health System | 3.887% | 4/15/49 | 747 | 829 | |
AmerisourceBergen Corp. | 4.250% | 3/1/45 | 1,345 | 1,512 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
AmerisourceBergen Corp. | 4.300% | 12/15/47 | 1,636 | 1,865 | ||
Amgen Inc. | 6.400% | 2/1/39 | 350 | 496 | ||
Amgen Inc. | 3.150% | 2/21/40 | 2,745 | 2,821 | ||
Amgen Inc. | 5.750% | 3/15/40 | 250 | 337 | ||
Amgen Inc. | 4.950% | 10/1/41 | 3,006 | 3,861 | ||
Amgen Inc. | 5.150% | 11/15/41 | 3,082 | 4,027 | ||
Amgen Inc. | 5.650% | 6/15/42 | 400 | 537 | ||
Amgen Inc. | 4.400% | 5/1/45 | 7,055 | 8,402 | ||
Amgen Inc. | 4.563% | 6/15/48 | 4,282 | 5,217 | ||
Amgen Inc. | 3.375% | 2/21/50 | 5,888 | 6,041 | ||
Amgen Inc. | 4.663% | 6/15/51 | 6,460 | 8,153 | ||
2,3 | Amgen Inc. | 2.770% | 9/1/53 | 3,765 | 3,423 | |
Anthem Inc. | 5.950% | 12/15/34 | 1,121 | 1,532 | ||
Anthem Inc. | 5.850% | 1/15/36 | 1,000 | 1,326 | ||
Anthem Inc. | 6.375% | 6/15/37 | 305 | 414 | ||
Anthem Inc. | 4.625% | 5/15/42 | 3,717 | 4,565 | ||
Anthem Inc. | 4.650% | 1/15/43 | 2,511 | 3,085 | ||
Anthem Inc. | 5.100% | 1/15/44 | 1,548 | 1,990 | ||
Anthem Inc. | 4.650% | 8/15/44 | 2,476 | 3,025 | ||
Anthem Inc. | 4.375% | 12/1/47 | 2,824 | 3,365 | ||
Anthem Inc. | 4.550% | 3/1/48 | 1,965 | 2,408 | ||
Anthem Inc. | 3.700% | 9/15/49 | 2,323 | 2,508 | ||
Anthem Inc. | 3.125% | 5/15/50 | 3,051 | 3,015 | ||
3 | Ascension Health | 3.106% | 11/15/39 | 720 | 780 | |
Ascension Health | 3.945% | 11/15/46 | 3,337 | 3,992 | ||
3 | Ascension Health | 4.847% | 11/15/53 | 745 | 1,025 | |
AstraZeneca plc | 6.450% | 9/15/37 | 4,088 | 5,979 | ||
AstraZeneca plc | 4.000% | 9/18/42 | 5,010 | 5,684 | ||
AstraZeneca plc | 4.375% | 11/16/45 | 1,769 | 2,144 | ||
AstraZeneca plc | 4.375% | 8/17/48 | 3,737 | 4,456 | ||
AstraZeneca plc | 2.125% | 8/6/50 | 965 | 802 | ||
3 | Banner Health | 3.181% | 1/1/50 | 530 | 538 | |
Banner Health | 2.913% | 1/1/51 | 875 | 852 | ||
3 | Baptist Healthcare System Obligated Group | 3.540% | 8/15/50 | 1,410 | 1,462 | |
Baxalta Inc. | 5.250% | 6/23/45 | 1,886 | 2,450 | ||
2,3 | Baxter International Inc. | 1.730% | 4/1/31 | 2,165 | 2,066 | |
Baxter International Inc. | 3.500% | 8/15/46 | 698 | 760 | ||
3 | BayCare Health System Inc. | 3.831% | 11/15/50 | 1,038 | 1,190 | |
Baylor Scott & White Holdings | 4.185% | 11/15/45 | 966 | 1,155 | ||
Baylor Scott & White Holdings | 3.967% | 11/15/46 | 833 | 960 | ||
3 | Baylor Scott & White Holdings | 2.839% | 11/15/50 | 2,500 | 2,458 | |
Becton Dickinson & Co. | 4.685% | 12/15/44 | 824 | 1,026 | ||
Becton Dickinson & Co. | 4.669% | 6/6/47 | 5,425 | 6,704 | ||
Becton Dickinson & Co. | 3.794% | 5/20/50 | 2,130 | 2,352 | ||
Biogen Inc. | 3.150% | 5/1/50 | 5,040 | 4,759 | ||
2,3 | Biogen Inc. | 3.250% | 2/15/51 | 4,755 | 4,607 | |
3 | Bon Secours Mercy Health Inc. | 2.095% | 6/1/31 | 750 | 748 | |
3 | Bon Secours Mercy Health Inc. | 3.205% | 6/1/50 | 750 | 742 | |
Boston Scientific Corp. | 7.000% | 11/15/35 | 600 | 863 | ||
Boston Scientific Corp. | 4.550% | 3/1/39 | 2,329 | 2,815 | ||
Boston Scientific Corp. | 7.375% | 1/15/40 | 735 | 1,127 | ||
Boston Scientific Corp. | 4.700% | 3/1/49 | 2,892 | 3,613 | ||
Bristol-Myers Squibb Co. | 4.125% | 6/15/39 | 2,256 | 2,709 | ||
Bristol-Myers Squibb Co. | 2.350% | 11/13/40 | 1,955 | 1,854 | ||
Bristol-Myers Squibb Co. | 3.250% | 8/1/42 | 3,480 | 3,699 | ||
Bristol-Myers Squibb Co. | 4.500% | 3/1/44 | 1,550 | 1,973 | ||
Bristol-Myers Squibb Co. | 4.625% | 5/15/44 | 2,796 | 3,572 | ||
Bristol-Myers Squibb Co. | 5.000% | 8/15/45 | 4,492 | 6,013 | ||
Bristol-Myers Squibb Co. | 4.350% | 11/15/47 | 3,975 | 4,861 | ||
Bristol-Myers Squibb Co. | 4.550% | 2/20/48 | 4,978 | 6,365 | ||
Bristol-Myers Squibb Co. | 4.250% | 10/26/49 | 9,521 | 11,574 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Bristol-Myers Squibb Co. | 2.550% | 11/13/50 | 2,410 | 2,251 | ||
Cardinal Health Inc. | 4.600% | 3/15/43 | 699 | 780 | ||
Cardinal Health Inc. | 4.500% | 11/15/44 | 694 | 758 | ||
Cardinal Health Inc. | 4.900% | 9/15/45 | 1,105 | 1,287 | ||
Cardinal Health Inc. | 4.368% | 6/15/47 | 611 | 663 | ||
3 | Catholic Health Services of Long Island Obligated Group | 3.368% | 7/1/50 | 675 | 660 | |
Children's Health System of Texas | 2.511% | 8/15/50 | 1,127 | 1,026 | ||
3 | Children's Hospital | 2.928% | 7/15/50 | 700 | 651 | |
3 | Children's Hospital Corp. | 4.115% | 1/1/47 | 305 | 364 | |
3 | Children's Hospital Corp. | 2.585% | 2/1/50 | 1,415 | 1,298 | |
Children's Hospital Medical Center | 4.268% | 5/15/44 | 650 | 787 | ||
3 | Children's Hospital of Philadelphia | 2.704% | 7/1/50 | 1,200 | 1,147 | |
Cigna Corp. | 4.800% | 8/15/38 | 6,979 | 8,608 | ||
Cigna Corp. | 3.200% | 3/15/40 | 1,903 | 1,967 | ||
3 | Cigna Corp. | 6.125% | 11/15/41 | 608 | 846 | |
3 | Cigna Corp. | 4.800% | 7/15/46 | 4,925 | 6,155 | |
3 | Cigna Corp. | 3.875% | 10/15/47 | 3,958 | 4,314 | |
Cigna Corp. | 4.900% | 12/15/48 | 4,633 | 5,835 | ||
Cigna Corp. | 3.400% | 3/15/50 | 4,613 | 4,702 | ||
3 | City of Hope | 5.623% | 11/15/43 | 287 | 391 | |
3 | City of Hope | 4.378% | 8/15/48 | 1,395 | 1,662 | |
3 | CommonSpirit Health | 4.350% | 11/1/42 | 2,172 | 2,450 | |
CommonSpirit Health | 3.817% | 10/1/49 | 2,790 | 3,038 | ||
CommonSpirit Health | 4.187% | 10/1/49 | 2,171 | 2,397 | ||
CommonSpirit Health | 3.910% | 10/1/50 | 1,190 | 1,238 | ||
3 | Community Health Network Inc. | 3.099% | 5/1/50 | 1,100 | 1,061 | |
3 | Cottage Health Obligated Group | 3.304% | 11/1/49 | 1,229 | 1,297 | |
CVS Health Corp. | 1.875% | 2/28/31 | 2,500 | 2,407 | ||
CVS Health Corp. | 4.875% | 7/20/35 | 3,287 | 4,027 | ||
CVS Health Corp. | 4.780% | 3/25/38 | 8,036 | 9,791 | ||
CVS Health Corp. | 6.125% | 9/15/39 | 1,101 | 1,502 | ||
CVS Health Corp. | 4.125% | 4/1/40 | 4,394 | 5,009 | ||
CVS Health Corp. | 2.700% | 8/21/40 | 2,946 | 2,788 | ||
CVS Health Corp. | 5.300% | 12/5/43 | 4,255 | 5,427 | ||
CVS Health Corp. | 5.125% | 7/20/45 | 9,179 | 11,600 | ||
CVS Health Corp. | 5.050% | 3/25/48 | 17,737 | 22,443 | ||
CVS Health Corp. | 4.250% | 4/1/50 | 3,010 | 3,488 | ||
Danaher Corp. | 4.375% | 9/15/45 | 2,340 | 2,849 | ||
Danaher Corp. | 2.600% | 10/1/50 | 2,980 | 2,745 | ||
3 | Dartmouth-Hitchcock Health | 4.178% | 8/1/48 | 593 | 645 | |
DH Europe Finance II Sarl | 3.250% | 11/15/39 | 2,482 | 2,598 | ||
DH Europe Finance II Sarl | 3.400% | 11/15/49 | 775 | 822 | ||
Dignity Health | 4.500% | 11/1/42 | 650 | 714 | ||
Dignity Health | 5.267% | 11/1/64 | 904 | 1,149 | ||
3 | Duke University Health System Inc. | 3.920% | 6/1/47 | 1,528 | 1,783 | |
Eli Lilly & Co. | 3.875% | 3/15/39 | 150 | 175 | ||
Eli Lilly & Co. | 3.950% | 5/15/47 | 250 | 289 | ||
Eli Lilly & Co. | 3.950% | 3/15/49 | 5,613 | 6,565 | ||
Eli Lilly & Co. | 2.250% | 5/15/50 | 1,795 | 1,567 | ||
Eli Lilly & Co. | 4.150% | 3/15/59 | 3,650 | 4,449 | ||
Eli Lilly & Co. | 2.500% | 9/15/60 | 2,925 | 2,571 | ||
3 | Franciscan Missionaries of Our Lady Health System Inc. | 3.914% | 7/1/49 | 825 | 929 | |
Gilead Sciences Inc. | 4.600% | 9/1/35 | 3,733 | 4,568 | ||
Gilead Sciences Inc. | 4.000% | 9/1/36 | 2,335 | 2,684 | ||
Gilead Sciences Inc. | 2.600% | 10/1/40 | 1,855 | 1,763 | ||
Gilead Sciences Inc. | 5.650% | 12/1/41 | 2,340 | 3,167 | ||
Gilead Sciences Inc. | 4.800% | 4/1/44 | 6,486 | 7,986 | ||
Gilead Sciences Inc. | 4.500% | 2/1/45 | 3,509 | 4,175 | ||
Gilead Sciences Inc. | 4.750% | 3/1/46 | 5,873 | 7,220 | ||
Gilead Sciences Inc. | 4.150% | 3/1/47 | 2,303 | 2,619 | ||
Gilead Sciences Inc. | 2.800% | 10/1/50 | 2,525 | 2,322 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
GlaxoSmithKline Capital Inc. | 5.375% | 4/15/34 | 600 | 816 | ||
GlaxoSmithKline Capital Inc. | 6.375% | 5/15/38 | 6,338 | 9,561 | ||
GlaxoSmithKline Capital Inc. | 4.200% | 3/18/43 | 984 | 1,200 | ||
3 | Hackensack Meridian Health Inc. | 2.675% | 9/1/41 | 1,185 | 1,163 | |
Hackensack Meridian Health Inc. | 4.211% | 7/1/48 | 790 | 941 | ||
3 | Hackensack Meridian Health Inc. | 2.875% | 9/1/50 | 1,040 | 1,020 | |
Hackensack Meridian Health Inc. | 4.500% | 7/1/57 | 803 | 1,021 | ||
3 | Hartford HealthCare Corp. | 3.447% | 7/1/54 | 1,115 | 1,128 | |
HCA Inc. | 5.125% | 6/15/39 | 3,725 | 4,549 | ||
HCA Inc. | 5.500% | 6/15/47 | 4,427 | 5,561 | ||
HCA Inc. | 5.250% | 6/15/49 | 3,565 | 4,421 | ||
Humana Inc. | 4.625% | 12/1/42 | 1,749 | 2,095 | ||
Humana Inc. | 4.950% | 10/1/44 | 909 | 1,115 | ||
Humana Inc. | 4.800% | 3/15/47 | 830 | 1,029 | ||
Humana Inc. | 3.950% | 8/15/49 | 1,030 | 1,163 | ||
IHC Health Services Inc. | 4.131% | 5/15/48 | 926 | 1,118 | ||
Indiana University Health Inc. Obligated Group | 3.970% | 11/1/48 | 1,066 | 1,274 | ||
3 | Integris Baptist Medical Center Inc. | 3.875% | 8/15/50 | 1,240 | 1,373 | |
3 | Iowa Health System | 3.665% | 2/15/50 | 455 | 484 | |
Johns Hopkins Health System Corp. | 3.837% | 5/15/46 | 2,103 | 2,476 | ||
Johnson & Johnson | 4.950% | 5/15/33 | 769 | 1,004 | ||
Johnson & Johnson | 4.375% | 12/5/33 | 3,004 | 3,745 | ||
Johnson & Johnson | 3.550% | 3/1/36 | 2,114 | 2,462 | ||
Johnson & Johnson | 3.625% | 3/3/37 | 5,479 | 6,387 | ||
Johnson & Johnson | 5.950% | 8/15/37 | 1,077 | 1,568 | ||
Johnson & Johnson | 3.400% | 1/15/38 | 4,204 | 4,705 | ||
Johnson & Johnson | 5.850% | 7/15/38 | 1,501 | 2,180 | ||
Johnson & Johnson | 2.100% | 9/1/40 | 2,040 | 1,903 | ||
Johnson & Johnson | 4.500% | 9/1/40 | 717 | 922 | ||
Johnson & Johnson | 4.850% | 5/15/41 | 1,416 | 1,869 | ||
Johnson & Johnson | 4.500% | 12/5/43 | 882 | 1,138 | ||
Johnson & Johnson | 3.700% | 3/1/46 | 4,998 | 5,751 | ||
Johnson & Johnson | 3.750% | 3/3/47 | 2,615 | 3,048 | ||
Johnson & Johnson | 3.500% | 1/15/48 | 1,082 | 1,210 | ||
Johnson & Johnson | 2.250% | 9/1/50 | 3,900 | 3,514 | ||
Johnson & Johnson | 2.450% | 9/1/60 | 2,115 | 1,898 | ||
Kaiser Foundation Hospitals | 4.875% | 4/1/42 | 1,700 | 2,259 | ||
Kaiser Foundation Hospitals | 4.150% | 5/1/47 | 2,953 | 3,544 | ||
3 | Kaiser Foundation Hospitals | 3.266% | 11/1/49 | 2,536 | 2,649 | |
Koninklijke Philips NV | 6.875% | 3/11/38 | 1,625 | 2,455 | ||
Koninklijke Philips NV | 5.000% | 3/15/42 | 1,304 | 1,692 | ||
Laboratory Corp. of America Holdings | 4.700% | 2/1/45 | 2,385 | 2,911 | ||
3 | Mass General Brigham Inc. | 3.765% | 7/1/48 | 750 | 842 | |
3 | Mass General Brigham Inc. | 3.192% | 7/1/49 | 1,245 | 1,281 | |
3 | Mass General Brigham Inc. | 4.117% | 7/1/55 | 505 | 590 | |
3 | Mass General Brigham Inc. | 3.342% | 7/1/60 | 1,565 | 1,623 | |
3 | Mayo Clinic | 3.774% | 11/15/43 | 990 | 1,146 | |
3 | Mayo Clinic | 4.000% | 11/15/47 | 318 | 377 | |
3 | Mayo Clinic | 4.128% | 11/15/52 | 920 | 1,159 | |
McKesson Corp. | 6.000% | 3/1/41 | 501 | 662 | ||
McKesson Corp. | 4.883% | 3/15/44 | 365 | 440 | ||
3 | McLaren Health Care Corp. | 4.386% | 5/15/48 | 1,000 | 1,223 | |
3 | MedStar Health Inc. | 3.626% | 8/15/49 | 720 | 770 | |
Medtronic Inc. | 4.375% | 3/15/35 | 4,970 | 6,193 | ||
Medtronic Inc. | 4.625% | 3/15/45 | 4,083 | 5,319 | ||
Memorial Health Services | 3.447% | 11/1/49 | 935 | 987 | ||
Memorial Sloan-Kettering Cancer Center | 5.000% | 7/1/42 | 325 | 431 | ||
3 | Memorial Sloan-Kettering Cancer Center | 2.955% | 1/1/50 | 1,630 | 1,621 | |
Memorial Sloan-Kettering Cancer Center | 4.125% | 7/1/52 | 1,715 | 2,118 | ||
3 | Memorial Sloan-Kettering Cancer Center | 4.200% | 7/1/55 | 884 | 1,111 | |
Merck & Co. Inc. | 3.900% | 3/7/39 | 1,923 | 2,251 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Merck & Co. Inc. | 2.350% | 6/24/40 | 2,897 | 2,763 | ||
Merck & Co. Inc. | 3.600% | 9/15/42 | 2,790 | 3,142 | ||
Merck & Co. Inc. | 4.150% | 5/18/43 | 4,070 | 4,904 | ||
Merck & Co. Inc. | 3.700% | 2/10/45 | 5,194 | 5,848 | ||
Merck & Co. Inc. | 4.000% | 3/7/49 | 5,246 | 6,255 | ||
Merck & Co. Inc. | 2.450% | 6/24/50 | 3,011 | 2,736 | ||
Merck Sharp & Dohme Corp. | 5.750% | 11/15/36 | 499 | 695 | ||
3 | Methodist Hospital | 2.705% | 12/1/50 | 1,335 | 1,267 | |
3 | MidMichigan Health | 3.409% | 6/1/50 | 845 | 879 | |
3 | Montefiore Obligated Group | 5.246% | 11/1/48 | 1,300 | 1,513 | |
Montefiore Obligated Group | 4.287% | 9/1/50 | 860 | 899 | ||
3 | Mount Sinai Hospitals Group Inc. | 3.981% | 7/1/48 | 745 | 807 | |
3 | Mount Sinai Hospitals Group Inc. | 3.737% | 7/1/49 | 600 | 641 | |
3 | Mount Sinai Hospitals Group Inc. | 3.391% | 7/1/50 | 1,580 | 1,598 | |
MultiCare Health System | 2.803% | 8/15/50 | 750 | 710 | ||
Mylan Inc. | 5.400% | 11/29/43 | 2,052 | 2,514 | ||
Mylan Inc. | 5.200% | 4/15/48 | 3,187 | 3,843 | ||
New York & Presbyterian Hospital | 2.256% | 8/1/40 | 1,336 | 1,231 | ||
New York & Presbyterian Hospital | 4.024% | 8/1/45 | 608 | 729 | ||
New York & Presbyterian Hospital | 4.063% | 8/1/56 | 626 | 771 | ||
New York & Presbyterian Hospital | 2.606% | 8/1/60 | 1,175 | 1,027 | ||
3 | New York & Presbyterian Hospital | 3.954% | 8/1/19 | 1,972 | 2,162 | |
Northwell Healthcare Inc. | 3.979% | 11/1/46 | 1,550 | 1,683 | ||
Northwell Healthcare Inc. | 4.260% | 11/1/47 | 1,925 | 2,210 | ||
Northwell Healthcare Inc. | 3.809% | 11/1/49 | 895 | 954 | ||
Novartis Capital Corp. | 3.700% | 9/21/42 | 1,479 | 1,689 | ||
Novartis Capital Corp. | 4.400% | 5/6/44 | 6,202 | 7,736 | ||
Novartis Capital Corp. | 4.000% | 11/20/45 | 939 | 1,113 | ||
Novartis Capital Corp. | 2.750% | 8/14/50 | 2,893 | 2,829 | ||
3 | NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery | 2.667% | 10/1/50 | 680 | 635 | |
3 | NYU Langone Hospitals | 5.750% | 7/1/43 | 895 | 1,233 | |
NYU Langone Hospitals | 4.784% | 7/1/44 | 802 | 1,012 | ||
3 | NYU Langone Hospitals | 4.368% | 7/1/47 | 498 | 595 | |
3 | NYU Langone Hospitals | 3.380% | 7/1/55 | 1,852 | 1,835 | |
3 | OhioHealth Corp. | 3.042% | 11/15/50 | 1,096 | 1,103 | |
Orlando Health Obligated Group | 4.089% | 10/1/48 | 648 | 755 | ||
Orlando Health Obligated Group | 3.327% | 10/1/50 | 725 | 761 | ||
3 | PeaceHealth Obligated Group | 4.787% | 11/15/48 | 470 | 613 | |
3 | PeaceHealth Obligated Group | 3.218% | 11/15/50 | 1,525 | 1,540 | |
Perrigo Finance Unlimited Co. | 4.900% | 12/15/44 | 784 | 803 | ||
Pfizer Inc. | 4.000% | 12/15/36 | 1,824 | 2,168 | ||
Pfizer Inc. | 4.100% | 9/15/38 | 2,715 | 3,227 | ||
Pfizer Inc. | 3.900% | 3/15/39 | 3,112 | 3,623 | ||
Pfizer Inc. | 7.200% | 3/15/39 | 3,371 | 5,396 | ||
Pfizer Inc. | 2.550% | 5/28/40 | 3,393 | 3,330 | ||
Pfizer Inc. | 5.600% | 9/15/40 | 671 | 928 | ||
Pfizer Inc. | 4.300% | 6/15/43 | 2,851 | 3,453 | ||
Pfizer Inc. | 4.400% | 5/15/44 | 4,523 | 5,607 | ||
Pfizer Inc. | 4.125% | 12/15/46 | 3,299 | 3,915 | ||
Pfizer Inc. | 4.200% | 9/15/48 | 3,592 | 4,348 | ||
Pfizer Inc. | 4.000% | 3/15/49 | 3,188 | 3,792 | ||
Pfizer Inc. | 2.700% | 5/28/50 | 2,006 | 1,912 | ||
3 | Providence St. Joseph Health Obligated Group | 3.744% | 10/1/47 | 733 | 802 | |
3 | Providence St. Joseph Health Obligated Group | 3.930% | 10/1/48 | 1,100 | 1,245 | |
Quest Diagnostics Inc. | 2.800% | 6/30/31 | 2,377 | 2,496 | ||
Quest Diagnostics Inc. | 4.700% | 3/30/45 | 286 | 340 | ||
Regeneron Pharmaceuticals Inc. | 2.800% | 9/15/50 | 1,900 | 1,691 | ||
2,3 | Royalty Pharma plc | 3.300% | 9/2/40 | 3,135 | 3,144 | |
2,3 | Royalty Pharma plc | 3.550% | 9/2/50 | 1,960 | 1,931 | |
RWJ Barnabas Health Inc. | 3.949% | 7/1/46 | 1,098 | 1,232 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
RWJ Barnabas Health Inc. | 3.477% | 7/1/49 | 680 | 700 | ||
3 | Seattle Children's Hospital | 2.719% | 10/1/50 | 800 | 763 | |
3 | Sharp HealthCare | 2.680% | 8/1/50 | 970 | 897 | |
3 | Spectrum Health System Obligated Group | 3.487% | 7/15/49 | 890 | 932 | |
3 | Stanford Health Care | 3.795% | 11/15/48 | 1,340 | 1,561 | |
Stryker Corp. | 4.100% | 4/1/43 | 1,198 | 1,386 | ||
Stryker Corp. | 4.375% | 5/15/44 | 1,559 | 1,888 | ||
Stryker Corp. | 4.625% | 3/15/46 | 1,150 | 1,441 | ||
Stryker Corp. | 2.900% | 6/15/50 | 1,338 | 1,304 | ||
3 | Sutter Health | 3.161% | 8/15/40 | 1,095 | 1,123 | |
3 | Sutter Health | 4.091% | 8/15/48 | 880 | 991 | |
3 | Sutter Health | 3.361% | 8/15/50 | 1,445 | 1,456 | |
Takeda Pharmaceutical Co. Ltd. | 3.025% | 7/9/40 | 4,472 | 4,471 | ||
Takeda Pharmaceutical Co. Ltd. | 3.175% | 7/9/50 | 2,645 | 2,571 | ||
Takeda Pharmaceutical Co. Ltd. | 3.375% | 7/9/60 | 3,810 | 3,817 | ||
Texas Health Resources | 2.328% | 11/15/50 | 860 | 749 | ||
3 | Texas Health Resources | 4.330% | 11/15/55 | 521 | 641 | |
Thermo Fisher Scientific Inc. | 5.300% | 2/1/44 | 1,373 | 1,877 | ||
Thermo Fisher Scientific Inc. | 4.100% | 8/15/47 | 916 | 1,096 | ||
Toledo Hospital | 5.750% | 11/15/38 | 910 | 1,102 | ||
Toledo Hospital | 6.015% | 11/15/48 | 1,095 | 1,393 | ||
3 | Trinity Health Corp. | 2.632% | 12/1/40 | 1,000 | 980 | |
Trinity Health Corp. | 4.125% | 12/1/45 | 750 | 869 | ||
3 | Trinity Health Corp. | 3.434% | 12/1/48 | 685 | 720 | |
UnitedHealth Group Inc. | 4.625% | 7/15/35 | 2,503 | 3,113 | ||
UnitedHealth Group Inc. | 5.800% | 3/15/36 | 580 | 801 | ||
UnitedHealth Group Inc. | 6.500% | 6/15/37 | 845 | 1,254 | ||
UnitedHealth Group Inc. | 6.625% | 11/15/37 | 3,004 | 4,509 | ||
UnitedHealth Group Inc. | 6.875% | 2/15/38 | 1,068 | 1,638 | ||
UnitedHealth Group Inc. | 3.500% | 8/15/39 | 5,741 | 6,339 | ||
UnitedHealth Group Inc. | 2.750% | 5/15/40 | 2,752 | 2,723 | ||
UnitedHealth Group Inc. | 5.700% | 10/15/40 | 879 | 1,233 | ||
UnitedHealth Group Inc. | 5.950% | 2/15/41 | 1,171 | 1,661 | ||
UnitedHealth Group Inc. | 4.625% | 11/15/41 | 1,208 | 1,497 | ||
UnitedHealth Group Inc. | 4.375% | 3/15/42 | 1,268 | 1,525 | ||
UnitedHealth Group Inc. | 3.950% | 10/15/42 | 2,348 | 2,674 | ||
UnitedHealth Group Inc. | 4.250% | 3/15/43 | 2,355 | 2,806 | ||
UnitedHealth Group Inc. | 4.750% | 7/15/45 | 2,009 | 2,595 | ||
UnitedHealth Group Inc. | 4.200% | 1/15/47 | 3,529 | 4,084 | ||
UnitedHealth Group Inc. | 4.250% | 4/15/47 | 855 | 1,024 | ||
UnitedHealth Group Inc. | 3.750% | 10/15/47 | 1,593 | 1,776 | ||
UnitedHealth Group Inc. | 4.250% | 6/15/48 | 2,327 | 2,818 | ||
UnitedHealth Group Inc. | 4.450% | 12/15/48 | 3,260 | 4,025 | ||
UnitedHealth Group Inc. | 3.700% | 8/15/49 | 3,855 | 4,298 | ||
UnitedHealth Group Inc. | 2.900% | 5/15/50 | 3,895 | 3,809 | ||
UnitedHealth Group Inc. | 3.875% | 8/15/59 | 4,645 | 5,250 | ||
UnitedHealth Group Inc. | 3.125% | 5/15/60 | 2,715 | 2,684 | ||
Utah Acquisition Sub Inc. | 5.250% | 6/15/46 | 4,144 | 5,003 | ||
2,3 | Viatris Inc. | 3.850% | 6/22/40 | 3,244 | 3,427 | |
2,3 | Viatris Inc. | 4.000% | 6/22/50 | 3,918 | 4,069 | |
3 | West Virginia United Health System Obligated Group | 3.129% | 6/1/50 | 550 | 538 | |
3 | Willis-Knighton Medical Center | 4.813% | 9/1/48 | 725 | 933 | |
3 | Willis-Knighton Medical Center | 3.065% | 3/1/51 | 925 | 893 | |
Wyeth LLC | 6.500% | 2/1/34 | 2,907 | 4,337 | ||
Wyeth LLC | 6.000% | 2/15/36 | 787 | 1,118 | ||
Wyeth LLC | 5.950% | 4/1/37 | 3,583 | 5,083 | ||
3 | Yale-New Haven Health Services Corp. | 2.496% | 7/1/50 | 570 | 514 | |
Zimmer Biomet Holdings Inc. | 5.750% | 11/30/39 | 965 | 1,287 | ||
Zimmer Biomet Holdings Inc. | 4.450% | 8/15/45 | 1,107 | 1,262 | ||
Zoetis Inc. | 4.700% | 2/1/43 | 1,980 | 2,463 | ||
Zoetis Inc. | 3.950% | 9/12/47 | 1,961 | 2,234 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Zoetis Inc. | 4.450% | 8/20/48 | 1,902 | 2,352 | ||
Zoetis Inc. | 3.000% | 5/15/50 | 1,210 | 1,192 | ||
899,572 | ||||||
Industrials (9.10%) | ||||||
3 | 3M Co. | 5.700% | 3/15/37 | 720 | 970 | |
3 | 3M Co. | 3.875% | 6/15/44 | 690 | 783 | |
3 | 3M Co. | 3.125% | 9/19/46 | 984 | 1,017 | |
3 | 3M Co. | 3.625% | 10/15/47 | 1,097 | 1,226 | |
3,4 | 3M Co. | 4.000% | 9/14/48 | 3,520 | 4,164 | |
3M Co. | 3.250% | 8/26/49 | 1,050 | 1,118 | ||
3M Co. | 3.700% | 4/15/50 | 2,681 | 3,055 | ||
3 | American Airlines Pass-Through Trust Class AA Series 2019-1 | 3.150% | 2/15/32 | 1,911 | 1,902 | |
Boeing Co. | 6.125% | 2/15/33 | 689 | 867 | ||
Boeing Co. | 3.600% | 5/1/34 | 4,402 | 4,507 | ||
Boeing Co. | 3.250% | 2/1/35 | 3,253 | 3,207 | ||
Boeing Co. | 6.625% | 2/15/38 | 1,157 | 1,493 | ||
Boeing Co. | 3.550% | 3/1/38 | 1,033 | 1,013 | ||
Boeing Co. | 3.500% | 3/1/39 | 482 | 469 | ||
Boeing Co. | 6.875% | 3/15/39 | 969 | 1,309 | ||
Boeing Co. | 5.875% | 2/15/40 | 1,979 | 2,422 | ||
Boeing Co. | 5.705% | 5/1/40 | 5,190 | 6,550 | ||
Boeing Co. | 3.375% | 6/15/46 | 653 | 599 | ||
Boeing Co. | 3.650% | 3/1/47 | 939 | 897 | ||
Boeing Co. | 3.625% | 3/1/48 | 1,868 | 1,767 | ||
Boeing Co. | 3.850% | 11/1/48 | 1,915 | 1,895 | ||
Boeing Co. | 3.900% | 5/1/49 | 3,039 | 3,009 | ||
Boeing Co. | 3.750% | 2/1/50 | 2,361 | 2,321 | ||
Boeing Co. | 5.805% | 5/1/50 | 12,167 | 15,639 | ||
Boeing Co. | 3.825% | 3/1/59 | 1,585 | 1,526 | ||
Boeing Co. | 3.950% | 8/1/59 | 2,267 | 2,230 | ||
Boeing Co. | 5.930% | 5/1/60 | 8,072 | 10,595 | ||
Burlington Northern Santa Fe LLC | 6.200% | 8/15/36 | 268 | 386 | ||
Burlington Northern Santa Fe LLC | 6.150% | 5/1/37 | 755 | 1,072 | ||
Burlington Northern Santa Fe LLC | 5.750% | 5/1/40 | 2,228 | 3,092 | ||
Burlington Northern Santa Fe LLC | 5.050% | 3/1/41 | 919 | 1,186 | ||
Burlington Northern Santa Fe LLC | 5.400% | 6/1/41 | 1,233 | 1,677 | ||
Burlington Northern Santa Fe LLC | 4.950% | 9/15/41 | 1,301 | 1,680 | ||
Burlington Northern Santa Fe LLC | 4.400% | 3/15/42 | 1,748 | 2,137 | ||
Burlington Northern Santa Fe LLC | 4.375% | 9/1/42 | 2,369 | 2,893 | ||
Burlington Northern Santa Fe LLC | 4.450% | 3/15/43 | 2,414 | 2,963 | ||
Burlington Northern Santa Fe LLC | 5.150% | 9/1/43 | 1,700 | 2,264 | ||
Burlington Northern Santa Fe LLC | 4.900% | 4/1/44 | 1,162 | 1,522 | ||
Burlington Northern Santa Fe LLC | 4.550% | 9/1/44 | 1,955 | 2,434 | ||
Burlington Northern Santa Fe LLC | 4.150% | 4/1/45 | 2,342 | 2,793 | ||
Burlington Northern Santa Fe LLC | 4.700% | 9/1/45 | 1,625 | 2,063 | ||
Burlington Northern Santa Fe LLC | 3.900% | 8/1/46 | 1,513 | 1,746 | ||
Burlington Northern Santa Fe LLC | 4.125% | 6/15/47 | 2,728 | 3,247 | ||
Burlington Northern Santa Fe LLC | 4.050% | 6/15/48 | 2,390 | 2,820 | ||
Burlington Northern Santa Fe LLC | 4.150% | 12/15/48 | 1,031 | 1,237 | ||
Burlington Northern Santa Fe LLC | 3.550% | 2/15/50 | 2,285 | 2,531 | ||
Burlington Northern Santa Fe LLC | 3.050% | 2/15/51 | 3,150 | 3,191 | ||
Canadian National Railway Co. | 6.250% | 8/1/34 | 908 | 1,331 | ||
Canadian National Railway Co. | 6.200% | 6/1/36 | 369 | 534 | ||
Canadian National Railway Co. | 6.375% | 11/15/37 | 966 | 1,441 | ||
Canadian National Railway Co. | 4.500% | 11/7/43 | 200 | 243 | ||
Canadian National Railway Co. | 3.200% | 8/2/46 | 1,136 | 1,200 | ||
Canadian National Railway Co. | 3.650% | 2/3/48 | 2,322 | 2,647 | ||
Canadian National Railway Co. | 4.450% | 1/20/49 | 2,353 | 3,033 | ||
Canadian National Railway Co. | 2.450% | 5/1/50 | 2,025 | 1,870 | ||
Canadian Pacific Railway Co. | 7.125% | 10/15/31 | 496 | 720 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Canadian Pacific Railway Co. | 4.800% | 9/15/35 | 657 | 827 | ||
Canadian Pacific Railway Co. | 5.950% | 5/15/37 | 2,060 | 2,885 | ||
Canadian Pacific Railway Co. | 4.800% | 8/1/45 | 2,210 | 2,892 | ||
Canadian Pacific Railway Co. | 6.125% | 9/15/15 | 1,118 | 1,745 | ||
Carrier Global Corp. | 3.377% | 4/5/40 | 2,803 | 2,904 | ||
Carrier Global Corp. | 3.577% | 4/5/50 | 6,500 | 6,702 | ||
Caterpillar Inc. | 5.300% | 9/15/35 | 568 | 760 | ||
Caterpillar Inc. | 6.050% | 8/15/36 | 273 | 392 | ||
Caterpillar Inc. | 5.200% | 5/27/41 | 1,944 | 2,657 | ||
Caterpillar Inc. | 3.803% | 8/15/42 | 2,959 | 3,467 | ||
Caterpillar Inc. | 4.300% | 5/15/44 | 815 | 1,017 | ||
Caterpillar Inc. | 3.250% | 9/19/49 | 4,710 | 5,044 | ||
Caterpillar Inc. | 3.250% | 4/9/50 | 4,235 | 4,518 | ||
Caterpillar Inc. | 4.750% | 5/15/64 | 1,072 | 1,451 | ||
Crane Co. | 4.200% | 3/15/48 | 939 | 974 | ||
CSX Corp. | 6.000% | 10/1/36 | 758 | 1,059 | ||
CSX Corp. | 6.150% | 5/1/37 | 897 | 1,248 | ||
CSX Corp. | 6.220% | 4/30/40 | 723 | 1,044 | ||
CSX Corp. | 5.500% | 4/15/41 | 657 | 884 | ||
CSX Corp. | 4.750% | 5/30/42 | 2,405 | 2,991 | ||
CSX Corp. | 4.400% | 3/1/43 | 1,612 | 1,915 | ||
CSX Corp. | 4.100% | 3/15/44 | 909 | 1,039 | ||
CSX Corp. | 3.800% | 11/1/46 | 2,956 | 3,276 | ||
CSX Corp. | 4.300% | 3/1/48 | 3,668 | 4,361 | ||
CSX Corp. | 4.750% | 11/15/48 | 696 | 881 | ||
CSX Corp. | 4.500% | 3/15/49 | 1,931 | 2,375 | ||
CSX Corp. | 3.350% | 9/15/49 | 1,665 | 1,719 | ||
CSX Corp. | 3.800% | 4/15/50 | 1,725 | 1,934 | ||
CSX Corp. | 3.950% | 5/1/50 | 2,595 | 2,977 | ||
CSX Corp. | 2.500% | 5/15/51 | 1,770 | 1,572 | ||
CSX Corp. | 4.500% | 8/1/54 | 816 | 1,008 | ||
CSX Corp. | 4.250% | 11/1/66 | 601 | 725 | ||
CSX Corp. | 4.650% | 3/1/68 | 984 | 1,248 | ||
Cummins Inc. | 4.875% | 10/1/43 | 668 | 870 | ||
Cummins Inc. | 2.600% | 9/1/50 | 2,390 | 2,219 | ||
Deere & Co. | 7.125% | 3/3/31 | 278 | 396 | ||
Deere & Co. | 3.900% | 6/9/42 | 3,237 | 3,841 | ||
Deere & Co. | 2.875% | 9/7/49 | 2,525 | 2,555 | ||
Deere & Co. | 3.750% | 4/15/50 | 1,486 | 1,750 | ||
Dover Corp. | 5.375% | 10/15/35 | 710 | 917 | ||
Dover Corp. | 5.375% | 3/1/41 | 1,328 | 1,674 | ||
Eaton Corp. | 4.000% | 11/2/32 | 1,658 | 1,945 | ||
Eaton Corp. | 4.150% | 11/2/42 | 1,788 | 2,125 | ||
Eaton Corp. | 3.915% | 9/15/47 | 956 | 1,097 | ||
Emerson Electric Co. | 5.250% | 11/15/39 | 535 | 710 | ||
Emerson Electric Co. | 2.750% | 10/15/50 | 1,582 | 1,534 | ||
FedEx Corp. | 4.900% | 1/15/34 | 3,461 | 4,308 | ||
FedEx Corp. | 3.900% | 2/1/35 | 1,835 | 2,081 | ||
FedEx Corp. | 3.875% | 8/1/42 | 825 | 891 | ||
FedEx Corp. | 4.100% | 4/15/43 | 2,050 | 2,275 | ||
FedEx Corp. | 5.100% | 1/15/44 | 1,738 | 2,176 | ||
FedEx Corp. | 4.100% | 2/1/45 | 250 | 275 | ||
FedEx Corp. | 4.750% | 11/15/45 | 2,440 | 2,932 | ||
FedEx Corp. | 4.550% | 4/1/46 | 3,365 | 3,944 | ||
FedEx Corp. | 4.400% | 1/15/47 | 3,051 | 3,490 | ||
FedEx Corp. | 4.050% | 2/15/48 | 2,140 | 2,347 | ||
FedEx Corp. | 4.950% | 10/17/48 | 2,777 | 3,464 | ||
FedEx Corp. | 5.250% | 5/15/50 | 1,836 | 2,360 | ||
3 | FedEx Corp. Pass-Through Trust Class AA Series 2020-1 | 1.875% | 2/20/34 | 2,005 | 1,975 | |
Fortive Corp. | 4.300% | 6/15/46 | 1,473 | 1,722 | ||
General Dynamics Corp. | 4.250% | 4/1/40 | 3,390 | 4,118 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
General Dynamics Corp. | 3.600% | 11/15/42 | 667 | 753 | ||
General Dynamics Corp. | 4.250% | 4/1/50 | 747 | 929 | ||
3 | General Electric Co. | 6.750% | 3/15/32 | 7,516 | 10,162 | |
3 | General Electric Co. | 6.150% | 8/7/37 | 2,544 | 3,381 | |
3 | General Electric Co. | 5.875% | 1/14/38 | 7,169 | 9,371 | |
3 | General Electric Co. | 6.875% | 1/10/39 | 4,605 | 6,525 | |
General Electric Co. | 4.250% | 5/1/40 | 4,280 | 4,740 | ||
General Electric Co. | 4.125% | 10/9/42 | 1,952 | 2,139 | ||
General Electric Co. | 4.500% | 3/11/44 | 1,368 | 1,565 | ||
General Electric Co. | 4.350% | 5/1/50 | 9,703 | 10,801 | ||
Honeywell International Inc. | 5.700% | 3/15/36 | 518 | 709 | ||
Honeywell International Inc. | 5.700% | 3/15/37 | 1,173 | 1,580 | ||
Honeywell International Inc. | 5.375% | 3/1/41 | 376 | 512 | ||
Honeywell International Inc. | 3.812% | 11/21/47 | 3,392 | 3,958 | ||
Honeywell International Inc. | 2.800% | 6/1/50 | 1,190 | 1,188 | ||
Illinois Tool Works Inc. | 4.875% | 9/15/41 | 1,191 | 1,565 | ||
Illinois Tool Works Inc. | 3.900% | 9/1/42 | 2,511 | 3,016 | ||
3 | JetBlue Pass-Through Trust Class A Series 2020-1 | 4.000% | 11/15/32 | 2,850 | 3,099 | |
3 | JetBlue Pass-Through Trust Class AA Series 2019-1 | 2.750% | 5/15/32 | 221 | 222 | |
3 | Johnson Controls International plc | 6.000% | 1/15/36 | 605 | 827 | |
3 | Johnson Controls International plc | 4.625% | 7/2/44 | 2,776 | 3,437 | |
3 | Johnson Controls International plc | 5.125% | 9/14/45 | 268 | 349 | |
Johnson Controls International plc | 4.500% | 2/15/47 | 591 | 726 | ||
3 | Johnson Controls International plc | 4.950% | 7/2/64 | 1,470 | 1,855 | |
3 | Kansas City Southern | 4.300% | 5/15/43 | 579 | 645 | |
3 | Kansas City Southern | 4.950% | 8/15/45 | 1,023 | 1,270 | |
Kansas City Southern | 4.700% | 5/1/48 | 1,345 | 1,614 | ||
Kansas City Southern | 3.500% | 5/1/50 | 1,233 | 1,273 | ||
Kansas City Southern | 4.200% | 11/15/69 | 1,664 | 1,802 | ||
L3Harris Technologies Inc. | 4.854% | 4/27/35 | 1,744 | 2,197 | ||
L3Harris Technologies Inc. | 6.150% | 12/15/40 | 850 | 1,215 | ||
L3Harris Technologies Inc. | 5.054% | 4/27/45 | 1,259 | 1,634 | ||
Lockheed Martin Corp. | 3.600% | 3/1/35 | 3,263 | 3,749 | ||
Lockheed Martin Corp. | 4.500% | 5/15/36 | 1,897 | 2,375 | ||
3 | Lockheed Martin Corp. | 6.150% | 9/1/36 | 775 | 1,124 | |
Lockheed Martin Corp. | 5.720% | 6/1/40 | 474 | 654 | ||
Lockheed Martin Corp. | 4.850% | 9/15/41 | 580 | 742 | ||
Lockheed Martin Corp. | 4.070% | 12/15/42 | 3,186 | 3,809 | ||
Lockheed Martin Corp. | 3.800% | 3/1/45 | 3,693 | 4,211 | ||
Lockheed Martin Corp. | 4.700% | 5/15/46 | 3,387 | 4,339 | ||
Lockheed Martin Corp. | 2.800% | 6/15/50 | 1,565 | 1,517 | ||
Lockheed Martin Corp. | 4.090% | 9/15/52 | 3,052 | 3,653 | ||
Norfolk Southern Corp. | 7.050% | 5/1/37 | 172 | 241 | ||
Norfolk Southern Corp. | 4.837% | 10/1/41 | 1,600 | 2,016 | ||
Norfolk Southern Corp. | 3.950% | 10/1/42 | 1,397 | 1,582 | ||
Norfolk Southern Corp. | 4.450% | 6/15/45 | 1,283 | 1,541 | ||
Norfolk Southern Corp. | 4.650% | 1/15/46 | 610 | 754 | ||
Norfolk Southern Corp. | 3.942% | 11/1/47 | 2,247 | 2,558 | ||
Norfolk Southern Corp. | 4.150% | 2/28/48 | 1,265 | 1,478 | ||
Norfolk Southern Corp. | 4.100% | 5/15/49 | 1,866 | 2,165 | ||
Norfolk Southern Corp. | 3.400% | 11/1/49 | 2,692 | 2,797 | ||
Norfolk Southern Corp. | 3.050% | 5/15/50 | 2,075 | 2,048 | ||
Norfolk Southern Corp. | 4.050% | 8/15/52 | 2,263 | 2,597 | ||
Norfolk Southern Corp. | 3.155% | 5/15/55 | 1,456 | 1,438 | ||
Norfolk Southern Corp. | 5.100% | 8/1/18 | 100 | 124 | ||
Northrop Grumman Corp. | 5.150% | 5/1/40 | 2,472 | 3,222 | ||
Northrop Grumman Corp. | 5.050% | 11/15/40 | 1,667 | 2,154 | ||
Northrop Grumman Corp. | 4.750% | 6/1/43 | 2,671 | 3,347 | ||
Northrop Grumman Corp. | 3.850% | 4/15/45 | 3,074 | 3,427 | ||
Northrop Grumman Corp. | 4.030% | 10/15/47 | 4,150 | 4,732 | ||
Northrop Grumman Corp. | 5.250% | 5/1/50 | 1,995 | 2,719 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Otis Worldwide Corp. | 3.112% | 2/15/40 | 1,718 | 1,775 | ||
Otis Worldwide Corp. | 3.362% | 2/15/50 | 2,419 | 2,516 | ||
3 | Parker-Hannifin Corp. | 4.200% | 11/21/34 | 1,689 | 2,001 | |
3 | Parker-Hannifin Corp. | 6.250% | 5/15/38 | 1,305 | 1,836 | |
3 | Parker-Hannifin Corp. | 4.450% | 11/21/44 | 1,547 | 1,896 | |
Parker-Hannifin Corp. | 4.100% | 3/1/47 | 1,531 | 1,802 | ||
Parker-Hannifin Corp. | 4.000% | 6/14/49 | 1,350 | 1,588 | ||
Precision Castparts Corp. | 3.900% | 1/15/43 | 1,221 | 1,333 | ||
Precision Castparts Corp. | 4.375% | 6/15/45 | 841 | 988 | ||
Raytheon Technologies Corp. | 5.400% | 5/1/35 | 991 | 1,313 | ||
Raytheon Technologies Corp. | 6.050% | 6/1/36 | 1,570 | 2,180 | ||
Raytheon Technologies Corp. | 6.125% | 7/15/38 | 2,183 | 3,054 | ||
Raytheon Technologies Corp. | 4.450% | 11/16/38 | 2,128 | 2,547 | ||
Raytheon Technologies Corp. | 5.700% | 4/15/40 | 1,820 | 2,503 | ||
Raytheon Technologies Corp. | 4.875% | 10/15/40 | 1,293 | 1,633 | ||
Raytheon Technologies Corp. | 4.700% | 12/15/41 | 2,800 | 3,421 | ||
Raytheon Technologies Corp. | 4.500% | 6/1/42 | 4,360 | 5,337 | ||
Raytheon Technologies Corp. | 4.800% | 12/15/43 | 1,438 | 1,772 | ||
Raytheon Technologies Corp. | 4.200% | 12/15/44 | 553 | 629 | ||
Raytheon Technologies Corp. | 4.150% | 5/15/45 | 2,559 | 2,942 | ||
Raytheon Technologies Corp. | 3.750% | 11/1/46 | 4,991 | 5,440 | ||
Raytheon Technologies Corp. | 4.350% | 4/15/47 | 3,939 | 4,687 | ||
Raytheon Technologies Corp. | 4.050% | 5/4/47 | 3,149 | 3,625 | ||
Raytheon Technologies Corp. | 4.625% | 11/16/48 | 2,170 | 2,681 | ||
Raytheon Technologies Corp. | 3.125% | 7/1/50 | 2,930 | 2,924 | ||
Republic Services Inc. | 1.750% | 2/15/32 | 2,755 | 2,638 | ||
Republic Services Inc. | 6.200% | 3/1/40 | 915 | 1,317 | ||
Republic Services Inc. | 5.700% | 5/15/41 | 635 | 877 | ||
Republic Services Inc. | 3.050% | 3/1/50 | 1,135 | 1,146 | ||
Rockwell Automation Inc. | 4.200% | 3/1/49 | 1,775 | 2,200 | ||
Textron Inc. | 2.450% | 3/15/31 | 1,120 | 1,106 | ||
Trane Technologies Global Holding Co. Ltd. | 5.750% | 6/15/43 | 1,810 | 2,529 | ||
Trane Technologies Global Holding Co. Ltd. | 4.300% | 2/21/48 | 615 | 731 | ||
Trane Technologies Luxembourg Finance SA | 4.650% | 11/1/44 | 701 | 868 | ||
Trane Technologies Luxembourg Finance SA | 4.500% | 3/21/49 | 230 | 283 | ||
Tyco Electronics Group SA | 7.125% | 10/1/37 | 1,000 | 1,458 | ||
Union Pacific Corp. | 3.375% | 2/1/35 | 1,616 | 1,781 | ||
Union Pacific Corp. | 3.600% | 9/15/37 | 905 | 985 | ||
Union Pacific Corp. | 4.375% | 9/10/38 | 3,190 | 3,805 | ||
3 | Union Pacific Corp. | 3.550% | 8/15/39 | 893 | 980 | |
Union Pacific Corp. | 4.150% | 1/15/45 | 1,115 | 1,281 | ||
Union Pacific Corp. | 4.050% | 11/15/45 | 1,927 | 2,197 | ||
Union Pacific Corp. | 4.050% | 3/1/46 | 1,769 | 2,021 | ||
Union Pacific Corp. | 3.350% | 8/15/46 | 771 | 789 | ||
Union Pacific Corp. | 4.000% | 4/15/47 | 3,441 | 3,917 | ||
Union Pacific Corp. | 3.250% | 2/5/50 | 2,951 | 3,040 | ||
Union Pacific Corp. | 3.799% | 10/1/51 | 2,706 | 3,032 | ||
Union Pacific Corp. | 3.875% | 2/1/55 | 963 | 1,078 | ||
Union Pacific Corp. | 3.950% | 8/15/59 | 2,365 | 2,689 | ||
Union Pacific Corp. | 3.839% | 3/20/60 | 2,659 | 2,981 | ||
2,3 | Union Pacific Corp. | 2.973% | 9/16/62 | 3,853 | 3,604 | |
Union Pacific Corp. | 4.375% | 11/15/65 | 1,175 | 1,426 | ||
Union Pacific Corp. | 4.100% | 9/15/67 | 770 | 886 | ||
Union Pacific Corp. | 3.750% | 2/5/70 | 450 | 486 | ||
3 | United Airlines Pass-Through Trust Class AA Series 2019-1 | 4.150% | 8/25/31 | 1,024 | 1,079 | |
3 | United Airlines Pass-Through Trust Class AA Series 2019-2 | 2.700% | 5/1/32 | 1,379 | 1,363 | |
United Parcel Service Inc. | 6.200% | 1/15/38 | 2,032 | 2,946 | ||
United Parcel Service Inc. | 5.200% | 4/1/40 | 2,460 | 3,282 | ||
United Parcel Service Inc. | 4.875% | 11/15/40 | 1,891 | 2,418 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
United Parcel Service Inc. | 3.625% | 10/1/42 | 1,257 | 1,411 | ||
United Parcel Service Inc. | 3.400% | 11/15/46 | 2,139 | 2,302 | ||
United Parcel Service Inc. | 3.750% | 11/15/47 | 1,435 | 1,631 | ||
United Parcel Service Inc. | 4.250% | 3/15/49 | 2,646 | 3,227 | ||
United Parcel Service Inc. | 3.400% | 9/1/49 | 2,194 | 2,353 | ||
United Parcel Service Inc. | 5.300% | 4/1/50 | 3,316 | 4,567 | ||
Valmont Industries Inc. | 5.000% | 10/1/44 | 850 | 956 | ||
Valmont Industries Inc. | 5.250% | 10/1/54 | 748 | 876 | ||
Waste Connections Inc. | 3.050% | 4/1/50 | 1,255 | 1,236 | ||
Waste Management Inc. | 1.500% | 3/15/31 | 100 | 95 | ||
Waste Management Inc. | 3.900% | 3/1/35 | 2,401 | 2,804 | ||
Waste Management Inc. | 4.100% | 3/1/45 | 2,886 | 3,347 | ||
Waste Management Inc. | 4.150% | 7/15/49 | 2,675 | 3,191 | ||
Waste Management Inc. | 2.500% | 11/15/50 | 575 | 521 | ||
WW Grainger Inc. | 4.600% | 6/15/45 | 833 | 1,043 | ||
WW Grainger Inc. | 3.750% | 5/15/46 | 960 | 1,063 | ||
WW Grainger Inc. | 4.200% | 5/15/47 | 1,450 | 1,710 | ||
Xylem Inc. | 4.375% | 11/1/46 | 593 | 692 | ||
573,824 | ||||||
Materials (3.69%) | ||||||
Air Products and Chemicals Inc. | 2.700% | 5/15/40 | 2,200 | 2,206 | ||
Air Products and Chemicals Inc. | 2.800% | 5/15/50 | 2,115 | 2,070 | ||
Albemarle Corp. | 5.450% | 12/1/44 | 685 | 814 | ||
Barrick Gold Corp. | 6.450% | 10/15/35 | 254 | 352 | ||
Barrick Gold Corp. | 5.250% | 4/1/42 | 2,670 | 3,461 | ||
Barrick North America Finance LLC | 5.700% | 5/30/41 | 2,415 | 3,274 | ||
Barrick North America Finance LLC | 5.750% | 5/1/43 | 2,259 | 3,167 | ||
Barrick PD Australia Finance Pty. Ltd. | 5.950% | 10/15/39 | 1,996 | 2,742 | ||
BHP Billiton Finance USA Ltd. | 4.125% | 2/24/42 | 3,980 | 4,736 | ||
BHP Billiton Finance USA Ltd. | 5.000% | 9/30/43 | 3,093 | 4,172 | ||
Celulosa Arauco y Constitucion SA | 5.500% | 11/2/47 | 790 | 932 | ||
Dow Chemical Co. | 4.250% | 10/1/34 | 3,373 | 3,887 | ||
Dow Chemical Co. | 9.400% | 5/15/39 | 1,284 | 2,189 | ||
Dow Chemical Co. | 5.250% | 11/15/41 | 1,578 | 2,013 | ||
Dow Chemical Co. | 4.375% | 11/15/42 | 2,619 | 3,072 | ||
Dow Chemical Co. | 4.625% | 10/1/44 | 1,968 | 2,333 | ||
Dow Chemical Co. | 5.550% | 11/30/48 | 1,610 | 2,200 | ||
Dow Chemical Co. | 4.800% | 5/15/49 | 2,280 | 2,853 | ||
Dow Chemical Co. | 3.600% | 11/15/50 | 2,320 | 2,394 | ||
DuPont de Nemours Inc. | 5.319% | 11/15/38 | 3,640 | 4,682 | ||
DuPont de Nemours Inc. | 5.419% | 11/15/48 | 5,447 | 7,160 | ||
Eastman Chemical Co. | 4.800% | 9/1/42 | 1,711 | 2,080 | ||
Eastman Chemical Co. | 4.650% | 10/15/44 | 1,792 | 2,158 | ||
Ecolab Inc. | 5.500% | 12/8/41 | 1,203 | 1,602 | ||
Ecolab Inc. | 3.950% | 12/1/47 | 2,387 | 2,768 | ||
Ecolab Inc. | 2.125% | 8/15/50 | 1,413 | 1,187 | ||
FMC Corp. | 4.500% | 10/1/49 | 1,502 | 1,787 | ||
Georgia-Pacific LLC | 8.875% | 5/15/31 | 1,003 | 1,568 | ||
International Flavors & Fragrances Inc. | 4.375% | 6/1/47 | 735 | 842 | ||
International Flavors & Fragrances Inc. | 5.000% | 9/26/48 | 2,250 | 2,886 | ||
International Paper Co. | 5.000% | 9/15/35 | 2,301 | 2,928 | ||
International Paper Co. | 7.300% | 11/15/39 | 1,919 | 2,991 | ||
International Paper Co. | 6.000% | 11/15/41 | 1,841 | 2,571 | ||
International Paper Co. | 4.800% | 6/15/44 | 1,278 | 1,587 | ||
International Paper Co. | 5.150% | 5/15/46 | 1,913 | 2,495 | ||
International Paper Co. | 4.400% | 8/15/47 | 2,659 | 3,204 | ||
International Paper Co. | 4.350% | 8/15/48 | 1,555 | 1,892 | ||
Lafarge SA | 7.125% | 7/15/36 | 505 | 729 | ||
Linde Inc. | 3.550% | 11/7/42 | 2,648 | 2,960 | ||
Linde Inc. | 2.000% | 8/10/50 | 595 | 491 | ||
Lubrizol Corp. | 6.500% | 10/1/34 | 658 | 964 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
LYB International Finance BV | 5.250% | 7/15/43 | 840 | 1,055 | ||
LYB International Finance BV | 4.875% | 3/15/44 | 3,237 | 3,864 | ||
LYB International Finance III LLC | 3.375% | 10/1/40 | 3,222 | 3,280 | ||
LYB International Finance III LLC | 4.200% | 10/15/49 | 3,135 | 3,459 | ||
LYB International Finance III LLC | 4.200% | 5/1/50 | 1,840 | 2,029 | ||
LYB International Finance III LLC | 3.625% | 4/1/51 | 2,420 | 2,441 | ||
LYB International Finance III LLC | 3.800% | 10/1/60 | 1,598 | 1,619 | ||
LyondellBasell Industries NV | 4.625% | 2/26/55 | 2,214 | 2,548 | ||
Martin Marietta Materials Inc. | 4.250% | 12/15/47 | 1,349 | 1,565 | ||
Mosaic Co. | 5.450% | 11/15/33 | 810 | 1,005 | ||
Mosaic Co. | 4.875% | 11/15/41 | 970 | 1,100 | ||
Mosaic Co. | 5.625% | 11/15/43 | 1,775 | 2,300 | ||
3 | Newmont Corp. | 5.875% | 4/1/35 | 1,942 | 2,661 | |
Newmont Corp. | 6.250% | 10/1/39 | 2,045 | 2,925 | ||
Newmont Corp. | 4.875% | 3/15/42 | 2,572 | 3,269 | ||
Newmont Corp. | 5.450% | 6/9/44 | 1,174 | 1,578 | ||
2,3 | Nucor Corp. | 2.979% | 12/15/55 | 4,056 | 3,923 | |
Nutrien Ltd. | 4.125% | 3/15/35 | 804 | 918 | ||
Nutrien Ltd. | 7.125% | 5/23/36 | 880 | 1,300 | ||
Nutrien Ltd. | 5.875% | 12/1/36 | 926 | 1,258 | ||
Nutrien Ltd. | 5.625% | 12/1/40 | 1,255 | 1,670 | ||
Nutrien Ltd. | 6.125% | 1/15/41 | 903 | 1,243 | ||
Nutrien Ltd. | 4.900% | 6/1/43 | 2,106 | 2,602 | ||
Nutrien Ltd. | 5.250% | 1/15/45 | 753 | 982 | ||
Nutrien Ltd. | 5.000% | 4/1/49 | 1,082 | 1,411 | ||
Nutrien Ltd. | 3.950% | 5/13/50 | 1,540 | 1,746 | ||
Packaging Corp. of America | 4.050% | 12/15/49 | 1,020 | 1,185 | ||
Rio Tinto Alcan Inc. | 7.250% | 3/15/31 | 1,718 | 2,415 | ||
Rio Tinto Alcan Inc. | 6.125% | 12/15/33 | 449 | 638 | ||
Rio Tinto Alcan Inc. | 5.750% | 6/1/35 | 1,475 | 2,071 | ||
Rio Tinto Finance USA Ltd. | 5.200% | 11/2/40 | 2,234 | 3,018 | ||
Rio Tinto Finance USA plc | 4.750% | 3/22/42 | 2,235 | 2,904 | ||
Rio Tinto Finance USA plc | 4.125% | 8/21/42 | 2,180 | 2,626 | ||
RPM International Inc. | 4.250% | 1/15/48 | 1,500 | 1,592 | ||
Sherwin-Williams Co. | 4.000% | 12/15/42 | 697 | 773 | ||
Sherwin-Williams Co. | 4.550% | 8/1/45 | 1,274 | 1,520 | ||
Sherwin-Williams Co. | 4.500% | 6/1/47 | 3,405 | 4,126 | ||
Sherwin-Williams Co. | 3.800% | 8/15/49 | 1,251 | 1,384 | ||
Sherwin-Williams Co. | 3.300% | 5/15/50 | 947 | 967 | ||
Sonoco Products Co. | 5.750% | 11/1/40 | 1,468 | 1,871 | ||
Southern Copper Corp. | 7.500% | 7/27/35 | 3,156 | 4,627 | ||
Southern Copper Corp. | 6.750% | 4/16/40 | 3,306 | 4,664 | ||
Southern Copper Corp. | 5.250% | 11/8/42 | 4,364 | 5,497 | ||
Southern Copper Corp. | 5.875% | 4/23/45 | 1,144 | 1,552 | ||
Steel Dynamics Inc. | 3.250% | 10/15/50 | 1,250 | 1,211 | ||
Teck Resources Ltd. | 6.125% | 10/1/35 | 1,577 | 2,012 | ||
Teck Resources Ltd. | 6.000% | 8/15/40 | 680 | 862 | ||
Teck Resources Ltd. | 6.250% | 7/15/41 | 2,225 | 2,886 | ||
Teck Resources Ltd. | 5.200% | 3/1/42 | 1,050 | 1,206 | ||
Teck Resources Ltd. | 5.400% | 2/1/43 | 1,225 | 1,458 | ||
Vale Overseas Ltd. | 8.250% | 1/17/34 | 1,398 | 2,010 | ||
Vale Overseas Ltd. | 6.875% | 11/21/36 | 5,106 | 6,944 | ||
Vale Overseas Ltd. | 6.875% | 11/10/39 | 2,313 | 3,154 | ||
Vale SA | 5.625% | 9/11/42 | 1,320 | 1,652 | ||
Vulcan Materials Co. | 4.500% | 6/15/47 | 1,464 | 1,743 | ||
Vulcan Materials Co. | 4.700% | 3/1/48 | 1,320 | 1,611 | ||
Westlake Chemical Corp. | 5.000% | 8/15/46 | 2,306 | 2,814 | ||
Westlake Chemical Corp. | 4.375% | 11/15/47 | 1,281 | 1,451 | ||
WRKCo Inc. | 4.200% | 6/1/32 | 2,265 | 2,638 | ||
WRKCo Inc. | 3.000% | 6/15/33 | 1,329 | 1,409 | ||
232,641 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Real Estate (1.45%) | ||||||
Alexandria Real Estate Equities Inc. | 3.375% | 8/15/31 | 2,253 | 2,461 | ||
Alexandria Real Estate Equities Inc. | 2.000% | 5/18/32 | 1,000 | 971 | ||
Alexandria Real Estate Equities Inc. | 1.875% | 2/1/33 | 2,385 | 2,246 | ||
Alexandria Real Estate Equities Inc. | 4.850% | 4/15/49 | 1,965 | 2,480 | ||
Alexandria Real Estate Equities Inc. | 4.000% | 2/1/50 | 565 | 628 | ||
Alexandria Real Estate Equities Inc. | 3.000% | 5/18/51 | 2,000 | 1,913 | ||
American Tower Corp. | 3.700% | 10/15/49 | 2,326 | 2,435 | ||
American Tower Corp. | 3.100% | 6/15/50 | 1,670 | 1,576 | ||
American Tower Corp. | 2.950% | 1/15/51 | 750 | 693 | ||
3 | AvalonBay Communities Inc. | 3.900% | 10/15/46 | 1,830 | 2,060 | |
3 | AvalonBay Communities Inc. | 4.150% | 7/1/47 | 392 | 458 | |
Camden Property Trust | 3.350% | 11/1/49 | 1,375 | 1,447 | ||
Crown Castle International Corp. | 2.100% | 4/1/31 | 2,500 | 2,415 | ||
Crown Castle International Corp. | 2.900% | 4/1/41 | 3,000 | 2,809 | ||
Crown Castle International Corp. | 4.750% | 5/15/47 | 673 | 785 | ||
Crown Castle International Corp. | 5.200% | 2/15/49 | 1,558 | 1,952 | ||
Crown Castle International Corp. | 4.000% | 11/15/49 | 1,075 | 1,155 | ||
Crown Castle International Corp. | 4.150% | 7/1/50 | 1,292 | 1,428 | ||
Crown Castle International Corp. | 3.250% | 1/15/51 | 1,779 | 1,682 | ||
Duke Realty LP | 3.050% | 3/1/50 | 950 | 915 | ||
Equinix Inc. | 3.000% | 7/15/50 | 1,667 | 1,536 | ||
Equinix Inc. | 2.950% | 9/15/51 | 1,787 | 1,630 | ||
ERP Operating LP | 4.500% | 7/1/44 | 2,003 | 2,449 | ||
ERP Operating LP | 4.500% | 6/1/45 | 974 | 1,176 | ||
ERP Operating LP | 4.000% | 8/1/47 | 923 | 1,044 | ||
Essex Portfolio LP | 1.650% | 1/15/31 | 303 | 285 | ||
Essex Portfolio LP | 2.650% | 3/15/32 | 1,185 | 1,202 | ||
Essex Portfolio LP | 4.500% | 3/15/48 | 480 | 564 | ||
Essex Portfolio LP | 2.650% | 9/1/50 | 2,315 | 1,971 | ||
Federal Realty Investment Trust | 4.500% | 12/1/44 | 793 | 919 | ||
Healthcare Trust of America Holdings LP | 2.000% | 3/15/31 | 645 | 618 | ||
Healthpeak Properties Inc. | 6.750% | 2/1/41 | 746 | 1,055 | ||
Highwoods Realty LP | 2.600% | 2/1/31 | 222 | 220 | ||
Kilroy Realty LP | 2.500% | 11/15/32 | 1,127 | 1,092 | ||
Kimco Realty Corp. | 4.250% | 4/1/45 | 853 | 944 | ||
Kimco Realty Corp. | 4.125% | 12/1/46 | 638 | 694 | ||
Kimco Realty Corp. | 4.450% | 9/1/47 | 845 | 961 | ||
Kimco Realty Corp. | 3.700% | 10/1/49 | 1,100 | 1,131 | ||
National Retail Properties Inc. | 4.800% | 10/15/48 | 2,286 | 2,745 | ||
National Retail Properties Inc. | 3.100% | 4/15/50 | 1,175 | 1,086 | ||
Prologis LP | 4.375% | 9/15/48 | 1,590 | 2,025 | ||
Prologis LP | 3.000% | 4/15/50 | 1,075 | 1,063 | ||
Prologis LP | 2.125% | 10/15/50 | 1,463 | 1,235 | ||
Realty Income Corp. | 1.800% | 3/15/33 | 1,300 | 1,229 | ||
Realty Income Corp. | 4.650% | 3/15/47 | 1,395 | 1,790 | ||
Regency Centers LP | 4.400% | 2/1/47 | 760 | 834 | ||
Regency Centers LP | 4.650% | 3/15/49 | 1,035 | 1,187 | ||
Simon Property Group LP | 6.750% | 2/1/40 | 690 | 987 | ||
Simon Property Group LP | 4.750% | 3/15/42 | 1,600 | 1,896 | ||
Simon Property Group LP | 4.250% | 10/1/44 | 1,328 | 1,474 | ||
Simon Property Group LP | 4.250% | 11/30/46 | 1,346 | 1,499 | ||
Simon Property Group LP | 3.250% | 9/13/49 | 1,180 | 1,104 | ||
Simon Property Group LP | 3.800% | 7/15/50 | 1,739 | 1,821 | ||
1 | Spirit Realty LP | 2.700% | 2/15/32 | 1,000 | 991 | |
UDR Inc. | 3.000% | 8/15/31 | 1,165 | 1,223 | ||
3 | UDR Inc. | 2.100% | 8/1/32 | 390 | 376 | |
3 | UDR Inc. | 1.900% | 3/15/33 | 825 | 776 | |
UDR Inc. | 3.100% | 11/1/34 | 465 | 493 | ||
Ventas Realty LP | 5.700% | 9/30/43 | 744 | 925 | ||
Ventas Realty LP | 4.375% | 2/1/45 | 388 | 411 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Ventas Realty LP | 4.875% | 4/15/49 | 1,117 | 1,288 | ||
VEREIT Operating Partnership LP | 2.850% | 12/15/32 | 1,325 | 1,322 | ||
Welltower Inc. | 6.500% | 3/15/41 | 1,260 | 1,735 | ||
Welltower Inc. | 4.950% | 9/1/48 | 1,406 | 1,716 | ||
Weyerhaeuser Co. | 7.375% | 3/15/32 | 3,054 | 4,436 | ||
WP Carey Inc. | 2.250% | 4/1/33 | 2,000 | 1,941 | ||
91,608 | ||||||
Technology (7.77%) | ||||||
Analog Devices Inc. | 5.300% | 12/15/45 | 978 | 1,265 | ||
Apple Inc. | 4.500% | 2/23/36 | 3,641 | 4,617 | ||
Apple Inc. | 2.375% | 2/8/41 | 4,000 | 3,781 | ||
Apple Inc. | 3.850% | 5/4/43 | 5,710 | 6,676 | ||
Apple Inc. | 4.450% | 5/6/44 | 3,041 | 3,841 | ||
Apple Inc. | 3.450% | 2/9/45 | 6,179 | 6,766 | ||
Apple Inc. | 4.375% | 5/13/45 | 4,336 | 5,384 | ||
Apple Inc. | 4.650% | 2/23/46 | 9,939 | 12,760 | ||
Apple Inc. | 3.850% | 8/4/46 | 4,698 | 5,396 | ||
Apple Inc. | 4.250% | 2/9/47 | 3,349 | 4,104 | ||
Apple Inc. | 3.750% | 9/12/47 | 4,508 | 5,142 | ||
Apple Inc. | 3.750% | 11/13/47 | 3,775 | 4,296 | ||
Apple Inc. | 2.950% | 9/11/49 | 1,513 | 1,506 | ||
Apple Inc. | 2.650% | 5/11/50 | 4,895 | 4,597 | ||
Apple Inc. | 2.400% | 8/20/50 | 4,483 | 4,059 | ||
Apple Inc. | 2.650% | 2/8/51 | 7,000 | 6,569 | ||
Apple Inc. | 2.550% | 8/20/60 | 5,864 | 5,184 | ||
Apple Inc. | 2.800% | 2/8/61 | 3,450 | 3,220 | ||
Applied Materials Inc. | 5.100% | 10/1/35 | 2,193 | 2,918 | ||
Applied Materials Inc. | 5.850% | 6/15/41 | 1,586 | 2,311 | ||
Applied Materials Inc. | 4.350% | 4/1/47 | 1,333 | 1,673 | ||
Applied Materials Inc. | 2.750% | 6/1/50 | 2,740 | 2,659 | ||
Broadcom Inc. | 4.300% | 11/15/32 | 4,431 | 4,994 | ||
2,3 | Broadcom Inc. | 2.600% | 2/15/33 | 4,850 | 4,666 | |
2,3 | Broadcom Inc. | 3.500% | 2/15/41 | 7,400 | 7,364 | |
2,3 | Broadcom Inc. | 3.750% | 2/15/51 | 4,275 | 4,230 | |
Cisco Systems Inc. | 5.900% | 2/15/39 | 2,950 | 4,263 | ||
Cisco Systems Inc. | 5.500% | 1/15/40 | 6,771 | 9,586 | ||
Corning Inc. | 4.700% | 3/15/37 | 1,835 | 2,166 | ||
Corning Inc. | 5.750% | 8/15/40 | 644 | 830 | ||
Corning Inc. | 4.750% | 3/15/42 | 1,137 | 1,378 | ||
Corning Inc. | 5.350% | 11/15/48 | 1,164 | 1,552 | ||
Corning Inc. | 3.900% | 11/15/49 | 650 | 731 | ||
Corning Inc. | 4.375% | 11/15/57 | 2,085 | 2,376 | ||
Corning Inc. | 5.850% | 11/15/68 | 1,167 | 1,624 | ||
Corning Inc. | 5.450% | 11/15/79 | 2,725 | 3,549 | ||
2,3 | Dell International LLC | 8.100% | 7/15/36 | 4,403 | 6,516 | |
2,3 | Dell International LLC | 8.350% | 7/15/46 | 4,311 | 6,553 | |
1 | Fidelity National Information Services Inc. | 2.250% | 3/1/31 | 3,000 | 2,981 | |
1 | Fidelity National Information Services Inc. | 3.100% | 3/1/41 | 2,000 | 2,028 | |
Fidelity National Information Services Inc. | 4.500% | 8/15/46 | 1,158 | 1,403 | ||
Fiserv Inc. | 4.400% | 7/1/49 | 5,776 | 6,900 | ||
1 | Fortinet Inc. | 2.200% | 3/15/31 | 1,500 | 1,493 | |
Hewlett Packard Enterprise Co. | 6.200% | 10/15/35 | 663 | 874 | ||
Hewlett Packard Enterprise Co. | 6.350% | 10/15/45 | 3,590 | 4,729 | ||
HP Inc. | 6.000% | 9/15/41 | 3,064 | 3,952 | ||
Intel Corp. | 4.000% | 12/15/32 | 1,697 | 2,012 | ||
Intel Corp. | 4.600% | 3/25/40 | 2,150 | 2,713 | ||
Intel Corp. | 4.800% | 10/1/41 | 1,578 | 2,035 | ||
Intel Corp. | 4.250% | 12/15/42 | 1,585 | 1,904 | ||
Intel Corp. | 4.900% | 7/29/45 | 1,719 | 2,237 | ||
Intel Corp. | 4.100% | 5/19/46 | 3,012 | 3,546 | ||
Intel Corp. | 4.100% | 5/11/47 | 2,955 | 3,473 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Intel Corp. | 3.734% | 12/8/47 | 5,328 | 5,976 | ||
Intel Corp. | 3.250% | 11/15/49 | 4,720 | 4,908 | ||
Intel Corp. | 4.750% | 3/25/50 | 5,565 | 7,179 | ||
Intel Corp. | 3.100% | 2/15/60 | 2,100 | 2,083 | ||
Intel Corp. | 4.950% | 3/25/60 | 2,235 | 3,064 | ||
International Business Machines Corp. | 5.875% | 11/29/32 | 889 | 1,222 | ||
International Business Machines Corp. | 4.150% | 5/15/39 | 4,767 | 5,642 | ||
International Business Machines Corp. | 5.600% | 11/30/39 | 1,600 | 2,197 | ||
International Business Machines Corp. | 2.850% | 5/15/40 | 1,777 | 1,785 | ||
International Business Machines Corp. | 4.000% | 6/20/42 | 2,663 | 3,072 | ||
International Business Machines Corp. | 4.700% | 2/19/46 | 1,720 | 2,180 | ||
International Business Machines Corp. | 4.250% | 5/15/49 | 6,428 | 7,604 | ||
International Business Machines Corp. | 2.950% | 5/15/50 | 3,605 | 3,482 | ||
International Business Machines Corp. | 7.125% | 12/1/96 | 834 | 1,330 | ||
Juniper Networks Inc. | 5.950% | 3/15/41 | 1,223 | 1,530 | ||
KLA Corp. | 5.000% | 3/15/49 | 1,199 | 1,577 | ||
KLA Corp. | 3.300% | 3/1/50 | 1,046 | 1,075 | ||
Lam Research Corp. | 4.875% | 3/15/49 | 975 | 1,318 | ||
Lam Research Corp. | 2.875% | 6/15/50 | 2,339 | 2,296 | ||
Lam Research Corp. | 3.125% | 6/15/60 | 2,001 | 2,050 | ||
Microsoft Corp. | 3.500% | 2/12/35 | 2,541 | 2,976 | ||
Microsoft Corp. | 4.200% | 11/3/35 | 2,964 | 3,710 | ||
Microsoft Corp. | 3.450% | 8/8/36 | 7,971 | 9,275 | ||
Microsoft Corp. | 4.100% | 2/6/37 | 5,291 | 6,505 | ||
Microsoft Corp. | 4.500% | 10/1/40 | 1,305 | 1,718 | ||
Microsoft Corp. | 3.500% | 11/15/42 | 3,894 | 4,516 | ||
Microsoft Corp. | 3.750% | 2/12/45 | 1,278 | 1,515 | ||
Microsoft Corp. | 4.450% | 11/3/45 | 3,277 | 4,282 | ||
Microsoft Corp. | 3.700% | 8/8/46 | 10,001 | 11,810 | ||
Microsoft Corp. | 4.250% | 2/6/47 | 4,679 | 6,005 | ||
Microsoft Corp. | 2.525% | 6/1/50 | 12,122 | 11,380 | ||
Microsoft Corp. | 4.000% | 2/12/55 | 2,163 | 2,660 | ||
Microsoft Corp. | 4.750% | 11/3/55 | 1,568 | 2,218 | ||
Microsoft Corp. | 3.950% | 8/8/56 | 5,757 | 7,169 | ||
Microsoft Corp. | 4.500% | 2/6/57 | 2,885 | 3,921 | ||
Microsoft Corp. | 2.675% | 6/1/60 | 8,066 | 7,542 | ||
Moody's Corp. | 5.250% | 7/15/44 | 1,155 | 1,531 | ||
Moody's Corp. | 4.875% | 12/17/48 | 681 | 877 | ||
Moody's Corp. | 3.250% | 5/20/50 | 944 | 959 | ||
Moody's Corp. | 2.550% | 8/18/60 | 1,115 | 933 | ||
Motorola Solutions Inc. | 5.500% | 9/1/44 | 1,124 | 1,381 | ||
NVIDIA Corp. | 3.500% | 4/1/40 | 3,606 | 3,988 | ||
NVIDIA Corp. | 3.500% | 4/1/50 | 2,567 | 2,780 | ||
NVIDIA Corp. | 3.700% | 4/1/60 | 2,499 | 2,810 | ||
Oracle Corp. | 4.300% | 7/8/34 | 5,236 | 6,277 | ||
Oracle Corp. | 3.900% | 5/15/35 | 5,444 | 6,312 | ||
Oracle Corp. | 3.850% | 7/15/36 | 2,074 | 2,387 | ||
Oracle Corp. | 3.800% | 11/15/37 | 5,154 | 5,780 | ||
Oracle Corp. | 6.500% | 4/15/38 | 1,030 | 1,522 | ||
Oracle Corp. | 6.125% | 7/8/39 | 1,498 | 2,139 | ||
Oracle Corp. | 3.600% | 4/1/40 | 8,180 | 8,914 | ||
Oracle Corp. | 5.375% | 7/15/40 | 3,845 | 5,064 | ||
Oracle Corp. | 4.500% | 7/8/44 | 2,923 | 3,508 | ||
Oracle Corp. | 4.125% | 5/15/45 | 5,233 | 5,981 | ||
Oracle Corp. | 4.000% | 7/15/46 | 8,217 | 9,224 | ||
Oracle Corp. | 4.000% | 11/15/47 | 5,609 | 6,228 | ||
Oracle Corp. | 3.600% | 4/1/50 | 10,844 | 11,376 | ||
Oracle Corp. | 4.375% | 5/15/55 | 3,904 | 4,636 | ||
Oracle Corp. | 3.850% | 4/1/60 | 9,945 | 10,751 | ||
QUALCOMM Inc. | 1.650% | 5/20/32 | 1,917 | 1,827 | ||
QUALCOMM Inc. | 4.650% | 5/20/35 | 4,031 | 5,044 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
QUALCOMM Inc. | 4.800% | 5/20/45 | 4,187 | 5,372 | ||
QUALCOMM Inc. | 4.300% | 5/20/47 | 2,341 | 2,873 | ||
QUALCOMM Inc. | 3.250% | 5/20/50 | 3,084 | 3,192 | ||
S&P Global Inc. | 3.250% | 12/1/49 | 1,829 | 1,923 | ||
S&P Global Inc. | 2.300% | 8/15/60 | 1,760 | 1,478 | ||
Texas Instruments Inc. | 3.875% | 3/15/39 | 2,585 | 3,033 | ||
Texas Instruments Inc. | 4.150% | 5/15/48 | 3,420 | 4,182 | ||
Verisk Analytics Inc. | 5.500% | 6/15/45 | 1,546 | 2,057 | ||
Verisk Analytics Inc. | 3.625% | 5/15/50 | 1,391 | 1,436 | ||
489,929 | ||||||
Utilities (11.79%) | ||||||
AEP Texas Inc. | 3.800% | 10/1/47 | 504 | 551 | ||
3 | AEP Texas Inc. | 4.150% | 5/1/49 | 692 | 811 | |
3 | AEP Texas Inc. | 3.450% | 1/15/50 | 1,635 | 1,685 | |
AEP Transmission Co. LLC | 4.000% | 12/1/46 | 740 | 854 | ||
AEP Transmission Co. LLC | 3.750% | 12/1/47 | 1,162 | 1,282 | ||
AEP Transmission Co. LLC | 4.250% | 9/15/48 | 305 | 359 | ||
AEP Transmission Co. LLC | 3.800% | 6/15/49 | 1,312 | 1,474 | ||
AEP Transmission Co. LLC | 3.150% | 9/15/49 | 495 | 501 | ||
3 | AEP Transmission Co. LLC | 3.650% | 4/1/50 | 1,175 | 1,301 | |
Alabama Power Co. | 6.125% | 5/15/38 | 922 | 1,301 | ||
Alabama Power Co. | 6.000% | 3/1/39 | 2,904 | 4,095 | ||
Alabama Power Co. | 3.850% | 12/1/42 | 1,253 | 1,429 | ||
Alabama Power Co. | 4.150% | 8/15/44 | 568 | 668 | ||
Alabama Power Co. | 3.750% | 3/1/45 | 2,020 | 2,237 | ||
Alabama Power Co. | 4.300% | 1/2/46 | 991 | 1,184 | ||
3 | Alabama Power Co. | 3.700% | 12/1/47 | 2,860 | 3,180 | |
3 | Alabama Power Co. | 4.300% | 7/15/48 | 1,027 | 1,253 | |
Alabama Power Co. | 3.450% | 10/1/49 | 625 | 672 | ||
Ameren Illinois Co. | 4.150% | 3/15/46 | 514 | 611 | ||
Ameren Illinois Co. | 3.700% | 12/1/47 | 1,435 | 1,603 | ||
Ameren Illinois Co. | 4.500% | 3/15/49 | 1,590 | 1,988 | ||
Ameren Illinois Co. | 3.250% | 3/15/50 | 2,387 | 2,537 | ||
American Electric Power Co. Inc. | 3.250% | 3/1/50 | 1,707 | 1,649 | ||
American Water Capital Corp. | 6.593% | 10/15/37 | 603 | 884 | ||
American Water Capital Corp. | 4.300% | 12/1/42 | 720 | 863 | ||
American Water Capital Corp. | 4.300% | 9/1/45 | 1,744 | 2,092 | ||
American Water Capital Corp. | 4.000% | 12/1/46 | 1,385 | 1,597 | ||
American Water Capital Corp. | 3.750% | 9/1/47 | 1,986 | 2,211 | ||
American Water Capital Corp. | 4.200% | 9/1/48 | 2,000 | 2,388 | ||
American Water Capital Corp. | 4.150% | 6/1/49 | 1,235 | 1,468 | ||
American Water Capital Corp. | 3.450% | 5/1/50 | 1,370 | 1,457 | ||
Appalachian Power Co. | 7.000% | 4/1/38 | 674 | 989 | ||
Appalachian Power Co. | 4.400% | 5/15/44 | 1,818 | 2,116 | ||
Appalachian Power Co. | 4.450% | 6/1/45 | 354 | 415 | ||
3 | Appalachian Power Co. | 4.500% | 3/1/49 | 1,252 | 1,498 | |
3 | Appalachian Power Co. | 3.700% | 5/1/50 | 2,110 | 2,273 | |
Arizona Public Service Co. | 5.050% | 9/1/41 | 832 | 1,089 | ||
Arizona Public Service Co. | 4.500% | 4/1/42 | 1,321 | 1,596 | ||
Arizona Public Service Co. | 4.350% | 11/15/45 | 558 | 666 | ||
Arizona Public Service Co. | 3.750% | 5/15/46 | 625 | 693 | ||
Arizona Public Service Co. | 4.200% | 8/15/48 | 1,237 | 1,470 | ||
Arizona Public Service Co. | 4.250% | 3/1/49 | 1,416 | 1,690 | ||
Arizona Public Service Co. | 3.500% | 12/1/49 | 1,058 | 1,135 | ||
Arizona Public Service Co. | 3.350% | 5/15/50 | 771 | 808 | ||
Atmos Energy Corp. | 5.500% | 6/15/41 | 1,020 | 1,358 | ||
Atmos Energy Corp. | 4.150% | 1/15/43 | 1,052 | 1,212 | ||
Atmos Energy Corp. | 4.125% | 10/15/44 | 2,066 | 2,381 | ||
Atmos Energy Corp. | 4.300% | 10/1/48 | 1,045 | 1,223 | ||
Atmos Energy Corp. | 4.125% | 3/15/49 | 722 | 835 | ||
Atmos Energy Corp. | 3.375% | 9/15/49 | 1,886 | 1,961 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Avista Corp. | 4.350% | 6/1/48 | 345 | 418 | ||
Baltimore Gas & Electric Co. | 6.350% | 10/1/36 | 917 | 1,334 | ||
Baltimore Gas & Electric Co. | 3.500% | 8/15/46 | 1,215 | 1,294 | ||
3 | Baltimore Gas & Electric Co. | 3.750% | 8/15/47 | 2,778 | 3,115 | |
Baltimore Gas & Electric Co. | 4.250% | 9/15/48 | 447 | 535 | ||
Baltimore Gas & Electric Co. | 3.200% | 9/15/49 | 435 | 448 | ||
Baltimore Gas & Electric Co. | 2.900% | 6/15/50 | 1,185 | 1,147 | ||
2,3 | Berkshire Hathaway Energy Co. | 1.650% | 5/15/31 | 2,100 | 2,014 | |
Berkshire Hathaway Energy Co. | 6.125% | 4/1/36 | 2,180 | 3,045 | ||
Berkshire Hathaway Energy Co. | 5.950% | 5/15/37 | 640 | 871 | ||
Berkshire Hathaway Energy Co. | 5.150% | 11/15/43 | 2,664 | 3,457 | ||
Berkshire Hathaway Energy Co. | 4.500% | 2/1/45 | 1,307 | 1,574 | ||
Berkshire Hathaway Energy Co. | 3.800% | 7/15/48 | 1,867 | 2,053 | ||
Berkshire Hathaway Energy Co. | 4.450% | 1/15/49 | 2,170 | 2,661 | ||
2,3 | Berkshire Hathaway Energy Co. | 4.250% | 10/15/50 | 3,170 | 3,739 | |
2,3 | Berkshire Hathaway Energy Co. | 2.850% | 5/15/51 | 2,380 | 2,234 | |
Black Hills Corp. | 4.350% | 5/1/33 | 783 | 909 | ||
Black Hills Corp. | 4.200% | 9/15/46 | 646 | 715 | ||
Black Hills Corp. | 3.875% | 10/15/49 | 1,042 | 1,105 | ||
3 | CenterPoint Energy Houston Electric LLC | 6.950% | 3/15/33 | 380 | 543 | |
CenterPoint Energy Houston Electric LLC | 3.550% | 8/1/42 | 1,037 | 1,146 | ||
CenterPoint Energy Houston Electric LLC | 4.500% | 4/1/44 | 439 | 547 | ||
CenterPoint Energy Houston Electric LLC | 3.950% | 3/1/48 | 1,225 | 1,423 | ||
3 | CenterPoint Energy Houston Electric LLC | 4.250% | 2/1/49 | 1,621 | 1,962 | |
3 | CenterPoint Energy Houston Electric LLC | 2.900% | 7/1/50 | 1,688 | 1,663 | |
CenterPoint Energy Inc. | 3.700% | 9/1/49 | 2,005 | 2,080 | ||
CenterPoint Energy Resources Corp. | 5.850% | 1/15/41 | 866 | 1,167 | ||
CenterPoint Energy Resources Corp. | 4.100% | 9/1/47 | 1,069 | 1,192 | ||
Cleco Corporate Holdings LLC | 4.973% | 5/1/46 | 730 | 840 | ||
Cleveland Electric Illuminating Co. | 5.950% | 12/15/36 | 1,723 | 2,185 | ||
CMS Energy Corp. | 4.875% | 3/1/44 | 852 | 1,057 | ||
Commonwealth Edison Co. | 5.900% | 3/15/36 | 2,057 | 2,843 | ||
Commonwealth Edison Co. | 6.450% | 1/15/38 | 452 | 654 | ||
Commonwealth Edison Co. | 4.600% | 8/15/43 | 1,096 | 1,361 | ||
Commonwealth Edison Co. | 4.700% | 1/15/44 | 1,611 | 2,017 | ||
Commonwealth Edison Co. | 3.700% | 3/1/45 | 2,227 | 2,461 | ||
Commonwealth Edison Co. | 4.350% | 11/15/45 | 838 | 1,015 | ||
Commonwealth Edison Co. | 3.650% | 6/15/46 | 1,618 | 1,780 | ||
3 | Commonwealth Edison Co. | 3.750% | 8/15/47 | 2,338 | 2,635 | |
Commonwealth Edison Co. | 4.000% | 3/1/48 | 610 | 708 | ||
Commonwealth Edison Co. | 4.000% | 3/1/49 | 1,655 | 1,937 | ||
3 | Commonwealth Edison Co. | 3.200% | 11/15/49 | 605 | 627 | |
Commonwealth Edison Co. | 3.000% | 3/1/50 | 1,546 | 1,544 | ||
Connecticut Light & Power Co. | 4.300% | 4/15/44 | 1,538 | 1,892 | ||
3 | Connecticut Light & Power Co. | 4.150% | 6/1/45 | 347 | 418 | |
Connecticut Light & Power Co. | 4.000% | 4/1/48 | 2,157 | 2,607 | ||
3 | Consolidated Edison Co. of New York Inc. | 5.300% | 3/1/35 | 674 | 851 | |
3 | Consolidated Edison Co. of New York Inc. | 5.850% | 3/15/36 | 613 | 831 | |
3 | Consolidated Edison Co. of New York Inc. | 6.200% | 6/15/36 | 1,365 | 1,931 | |
3 | Consolidated Edison Co. of New York Inc. | 6.300% | 8/15/37 | 640 | 889 | |
3 | Consolidated Edison Co. of New York Inc. | 6.750% | 4/1/38 | 1,459 | 2,139 | |
3 | Consolidated Edison Co. of New York Inc. | 5.500% | 12/1/39 | 270 | 358 | |
Consolidated Edison Co. of New York Inc. | 5.700% | 6/15/40 | 2,408 | 3,225 | ||
3 | Consolidated Edison Co. of New York Inc. | 4.200% | 3/15/42 | 2,596 | 3,022 | |
Consolidated Edison Co. of New York Inc. | 3.950% | 3/1/43 | 1,207 | 1,381 | ||
Consolidated Edison Co. of New York Inc. | 4.450% | 3/15/44 | 1,730 | 2,049 | ||
Consolidated Edison Co. of New York Inc. | 4.500% | 12/1/45 | 3,154 | 3,784 | ||
Consolidated Edison Co. of New York Inc. | 3.850% | 6/15/46 | 1,313 | 1,454 | ||
3 | Consolidated Edison Co. of New York Inc. | 3.875% | 6/15/47 | 2,032 | 2,234 | |
3 | Consolidated Edison Co. of New York Inc. | 4.650% | 12/1/48 | 700 | 866 | |
3 | Consolidated Edison Co. of New York Inc. | 4.125% | 5/15/49 | 295 | 335 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
3 | Consolidated Edison Co. of New York Inc. | 3.950% | 4/1/50 | 1,955 | 2,201 | |
Consolidated Edison Co. of New York Inc. | 4.625% | 12/1/54 | 1,080 | 1,338 | ||
3 | Consolidated Edison Co. of New York Inc. | 4.300% | 12/1/56 | 1,640 | 1,889 | |
3 | Consolidated Edison Co. of New York Inc. | 4.000% | 11/15/57 | 1,880 | 2,117 | |
Consolidated Edison Co. of New York Inc. | 4.500% | 5/15/58 | 1,647 | 2,001 | ||
Consolidated Edison Co. of New York Inc. | 3.700% | 11/15/59 | 1,160 | 1,248 | ||
3 | Consolidated Edison Co. of New York Inc. | 3.000% | 12/1/60 | 1,700 | 1,574 | |
Consumers Energy Co. | 3.950% | 5/15/43 | 250 | 289 | ||
Consumers Energy Co. | 3.250% | 8/15/46 | 1,436 | 1,510 | ||
Consumers Energy Co. | 3.950% | 7/15/47 | 175 | 205 | ||
Consumers Energy Co. | 4.050% | 5/15/48 | 393 | 466 | ||
Consumers Energy Co. | 4.350% | 4/15/49 | 1,593 | 1,994 | ||
Consumers Energy Co. | 3.750% | 2/15/50 | 1,211 | 1,377 | ||
Consumers Energy Co. | 3.100% | 8/15/50 | 2,159 | 2,218 | ||
Consumers Energy Co. | 3.500% | 8/1/51 | 1,935 | 2,157 | ||
Consumers Energy Co. | 2.500% | 5/1/60 | 2,036 | 1,799 | ||
Dayton Power & Light Co. | 3.950% | 6/15/49 | 555 | 604 | ||
Delmarva Power & Light Co. | 4.150% | 5/15/45 | 1,542 | 1,769 | ||
3 | Dominion Energy Inc. | 6.300% | 3/15/33 | 763 | 1,038 | |
3 | Dominion Energy Inc. | 5.250% | 8/1/33 | 619 | 787 | |
3 | Dominion Energy Inc. | 5.950% | 6/15/35 | 1,254 | 1,723 | |
Dominion Energy Inc. | 7.000% | 6/15/38 | 677 | 994 | ||
3 | Dominion Energy Inc. | 4.900% | 8/1/41 | 837 | 1,035 | |
3 | Dominion Energy Inc. | 4.050% | 9/15/42 | 1,639 | 1,845 | |
Dominion Energy Inc. | 4.700% | 12/1/44 | 1,181 | 1,441 | ||
3 | Dominion Energy Inc. | 4.600% | 3/15/49 | 980 | 1,219 | |
Dominion Energy South Carolina Inc. | 6.625% | 2/1/32 | 1,253 | 1,767 | ||
Dominion Energy South Carolina Inc. | 5.300% | 5/15/33 | 1,585 | 2,072 | ||
Dominion Energy South Carolina Inc. | 6.050% | 1/15/38 | 595 | 834 | ||
Dominion Energy South Carolina Inc. | 5.450% | 2/1/41 | 1,376 | 1,846 | ||
Dominion Energy South Carolina Inc. | 4.600% | 6/15/43 | 2,101 | 2,663 | ||
Dominion Energy South Carolina Inc. | 5.100% | 6/1/65 | 733 | 1,058 | ||
3 | DTE Electric Co. | 2.625% | 3/1/31 | 1,506 | 1,589 | |
3 | DTE Electric Co. | 4.000% | 4/1/43 | 290 | 337 | |
DTE Electric Co. | 4.300% | 7/1/44 | 1,102 | 1,342 | ||
DTE Electric Co. | 3.700% | 3/15/45 | 1,539 | 1,716 | ||
DTE Electric Co. | 3.700% | 6/1/46 | 1,225 | 1,367 | ||
DTE Electric Co. | 3.750% | 8/15/47 | 863 | 979 | ||
3 | DTE Electric Co. | 4.050% | 5/15/48 | 960 | 1,139 | |
DTE Electric Co. | 3.950% | 3/1/49 | 2,370 | 2,777 | ||
DTE Electric Co. | 2.950% | 3/1/50 | 565 | 561 | ||
DTE Energy Co. | 6.375% | 4/15/33 | 1,669 | 2,287 | ||
Duke Energy Carolinas LLC | 6.450% | 10/15/32 | 568 | 783 | ||
Duke Energy Carolinas LLC | 6.100% | 6/1/37 | 1,511 | 2,084 | ||
Duke Energy Carolinas LLC | 6.000% | 1/15/38 | 626 | 879 | ||
Duke Energy Carolinas LLC | 6.050% | 4/15/38 | 2,587 | 3,617 | ||
Duke Energy Carolinas LLC | 5.300% | 2/15/40 | 2,148 | 2,834 | ||
Duke Energy Carolinas LLC | 4.250% | 12/15/41 | 896 | 1,067 | ||
Duke Energy Carolinas LLC | 4.000% | 9/30/42 | 1,440 | 1,668 | ||
Duke Energy Carolinas LLC | 3.875% | 3/15/46 | 3,021 | 3,411 | ||
Duke Energy Carolinas LLC | 3.700% | 12/1/47 | 1,700 | 1,845 | ||
Duke Energy Carolinas LLC | 3.950% | 3/15/48 | 1,381 | 1,571 | ||
Duke Energy Carolinas LLC | 3.200% | 8/15/49 | 1,133 | 1,161 | ||
Duke Energy Corp. | 4.800% | 12/15/45 | 1,802 | 2,206 | ||
Duke Energy Corp. | 3.750% | 9/1/46 | 2,014 | 2,141 | ||
Duke Energy Corp. | 3.950% | 8/15/47 | 2,422 | 2,649 | ||
Duke Energy Corp. | 4.200% | 6/15/49 | 840 | 948 | ||
Duke Energy Florida LLC | 6.350% | 9/15/37 | 2,031 | 2,924 | ||
Duke Energy Florida LLC | 6.400% | 6/15/38 | 341 | 500 | ||
Duke Energy Florida LLC | 5.650% | 4/1/40 | 1,645 | 2,276 | ||
Duke Energy Florida LLC | 3.850% | 11/15/42 | 1,175 | 1,316 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Duke Energy Florida LLC | 3.400% | 10/1/46 | 1,694 | 1,763 | ||
Duke Energy Florida LLC | 4.200% | 7/15/48 | 1,676 | 1,984 | ||
Duke Energy Indiana LLC | 6.120% | 10/15/35 | 1,283 | 1,739 | ||
Duke Energy Indiana LLC | 6.350% | 8/15/38 | 2,316 | 3,342 | ||
Duke Energy Indiana LLC | 6.450% | 4/1/39 | 1,060 | 1,559 | ||
3 | Duke Energy Indiana LLC | 4.900% | 7/15/43 | 1,093 | 1,397 | |
Duke Energy Indiana LLC | 3.750% | 5/15/46 | 1,840 | 2,046 | ||
3 | Duke Energy Indiana LLC | 3.250% | 10/1/49 | 1,049 | 1,064 | |
Duke Energy Indiana LLC | 2.750% | 4/1/50 | 1,530 | 1,432 | ||
Duke Energy Ohio Inc. | 4.300% | 2/1/49 | 1,783 | 2,131 | ||
Duke Energy Progress LLC | 6.300% | 4/1/38 | 883 | 1,268 | ||
Duke Energy Progress LLC | 4.100% | 5/15/42 | 1,739 | 2,012 | ||
Duke Energy Progress LLC | 4.100% | 3/15/43 | 2,150 | 2,485 | ||
Duke Energy Progress LLC | 4.375% | 3/30/44 | 1,021 | 1,226 | ||
Duke Energy Progress LLC | 4.150% | 12/1/44 | 1,060 | 1,247 | ||
Duke Energy Progress LLC | 4.200% | 8/15/45 | 1,163 | 1,380 | ||
Duke Energy Progress LLC | 3.700% | 10/15/46 | 1,865 | 2,058 | ||
Duke Energy Progress LLC | 3.600% | 9/15/47 | 1,365 | 1,468 | ||
Duke Energy Progress LLC | 2.500% | 8/15/50 | 145 | 131 | ||
Eastern Energy Gas Holdings LLC | 4.800% | 11/1/43 | 780 | 934 | ||
Eastern Energy Gas Holdings LLC | 4.600% | 12/15/44 | 930 | 1,094 | ||
3 | Eastern Energy Gas Holdings LLC | 3.900% | 11/15/49 | 450 | 486 | |
El Paso Electric Co. | 6.000% | 5/15/35 | 989 | 1,344 | ||
El Paso Electric Co. | 5.000% | 12/1/44 | 723 | 817 | ||
Emera US Finance LP | 4.750% | 6/15/46 | 2,154 | 2,529 | ||
Entergy Arkansas LLC | 4.200% | 4/1/49 | 1,843 | 2,180 | ||
Entergy Arkansas LLC | 2.650% | 6/15/51 | 1,060 | 977 | ||
Entergy Corp. | 3.750% | 6/15/50 | 2,129 | 2,235 | ||
Entergy Louisiana LLC | 3.050% | 6/1/31 | 1,911 | 2,066 | ||
Entergy Louisiana LLC | 4.000% | 3/15/33 | 1,783 | 2,113 | ||
Entergy Louisiana LLC | 4.200% | 9/1/48 | 2,150 | 2,576 | ||
Entergy Louisiana LLC | 4.200% | 4/1/50 | 2,334 | 2,780 | ||
Entergy Louisiana LLC | 2.900% | 3/15/51 | 1,695 | 1,666 | ||
Entergy Mississippi LLC | 3.850% | 6/1/49 | 1,520 | 1,670 | ||
Entergy Texas Inc. | 1.750% | 3/15/31 | 1,600 | 1,544 | ||
Entergy Texas Inc. | 4.500% | 3/30/39 | 200 | 234 | ||
Entergy Texas Inc. | 3.550% | 9/30/49 | 395 | 418 | ||
Essential Utilities Inc. | 4.276% | 5/1/49 | 450 | 520 | ||
Essential Utilities Inc. | 3.351% | 4/15/50 | 1,925 | 1,941 | ||
Evergy Kansas Central Inc. | 4.125% | 3/1/42 | 1,688 | 1,954 | ||
Evergy Kansas Central Inc. | 4.100% | 4/1/43 | 1,424 | 1,648 | ||
Evergy Kansas Central Inc. | 4.250% | 12/1/45 | 1,114 | 1,307 | ||
Evergy Kansas Central Inc. | 3.450% | 4/15/50 | 1,038 | 1,102 | ||
Evergy Metro Inc. | 5.300% | 10/1/41 | 750 | 960 | ||
Evergy Metro Inc. | 4.200% | 6/15/47 | 1,420 | 1,664 | ||
Evergy Metro Inc. | 4.200% | 3/15/48 | 360 | 418 | ||
3 | Evergy Metro Inc. | 4.125% | 4/1/49 | 1,256 | 1,466 | |
Eversource Energy | 3.450% | 1/15/50 | 1,055 | 1,103 | ||
3 | Exelon Corp. | 4.950% | 6/15/35 | 1,195 | 1,456 | |
Exelon Corp. | 5.625% | 6/15/35 | 1,346 | 1,756 | ||
Exelon Corp. | 5.100% | 6/15/45 | 1,304 | 1,649 | ||
Exelon Corp. | 4.450% | 4/15/46 | 1,485 | 1,771 | ||
Exelon Corp. | 4.700% | 4/15/50 | 1,867 | 2,327 | ||
Exelon Generation Co. LLC | 6.250% | 10/1/39 | 2,504 | 2,987 | ||
Exelon Generation Co. LLC | 5.750% | 10/1/41 | 1,932 | 2,170 | ||
Exelon Generation Co. LLC | 5.600% | 6/15/42 | 1,051 | 1,179 | ||
Florida Power & Light Co. | 5.625% | 4/1/34 | 310 | 422 | ||
Florida Power & Light Co. | 4.950% | 6/1/35 | 1,545 | 2,020 | ||
Florida Power & Light Co. | 5.650% | 2/1/37 | 1,293 | 1,760 | ||
Florida Power & Light Co. | 5.950% | 2/1/38 | 1,395 | 1,973 | ||
Florida Power & Light Co. | 5.960% | 4/1/39 | 395 | 565 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Florida Power & Light Co. | 5.690% | 3/1/40 | 631 | 888 | ||
Florida Power & Light Co. | 5.250% | 2/1/41 | 1,809 | 2,443 | ||
Florida Power & Light Co. | 4.125% | 2/1/42 | 925 | 1,109 | ||
Florida Power & Light Co. | 4.050% | 6/1/42 | 1,910 | 2,269 | ||
Florida Power & Light Co. | 3.800% | 12/15/42 | 1,992 | 2,288 | ||
Florida Power & Light Co. | 4.050% | 10/1/44 | 1,692 | 2,004 | ||
Florida Power & Light Co. | 3.700% | 12/1/47 | 1,902 | 2,164 | ||
Florida Power & Light Co. | 3.950% | 3/1/48 | 1,232 | 1,458 | ||
Florida Power & Light Co. | 4.125% | 6/1/48 | 2,195 | 2,672 | ||
Florida Power & Light Co. | 3.990% | 3/1/49 | 1,625 | 1,957 | ||
Florida Power & Light Co. | 3.150% | 10/1/49 | 1,096 | 1,154 | ||
3 | Georgia Power Co. | 4.750% | 9/1/40 | 1,471 | 1,791 | |
Georgia Power Co. | 4.300% | 3/15/42 | 2,423 | 2,845 | ||
Georgia Power Co. | 4.300% | 3/15/43 | 578 | 677 | ||
3 | Georgia Power Co. | 3.700% | 1/30/50 | 2,180 | 2,352 | |
3 | Georgia Power Co. | 3.250% | 3/15/51 | 1,000 | 1,012 | |
Iberdrola International BV | 6.750% | 7/15/36 | 1,226 | 1,862 | ||
3 | Idaho Power Co. | 4.200% | 3/1/48 | 400 | 474 | |
Indiana Michigan Power Co. | 6.050% | 3/15/37 | 1,888 | 2,571 | ||
3 | Indiana Michigan Power Co. | 4.550% | 3/15/46 | 858 | 1,057 | |
3 | Indiana Michigan Power Co. | 3.750% | 7/1/47 | 2,274 | 2,527 | |
Indiana Michigan Power Co. | 4.250% | 8/15/48 | 986 | 1,172 | ||
Interstate Power & Light Co. | 6.250% | 7/15/39 | 589 | 816 | ||
Interstate Power & Light Co. | 3.700% | 9/15/46 | 270 | 289 | ||
Interstate Power & Light Co. | 3.500% | 9/30/49 | 625 | 663 | ||
ITC Holdings Corp. | 5.300% | 7/1/43 | 1,206 | 1,530 | ||
3 | John Sevier Combined Cycle Generation LLC | 4.626% | 1/15/42 | 1,226 | 1,525 | |
Kentucky Utilities Co. | 5.125% | 11/1/40 | 689 | 885 | ||
Kentucky Utilities Co. | 4.375% | 10/1/45 | 1,305 | 1,567 | ||
Kentucky Utilities Co. | 3.300% | 6/1/50 | 990 | 1,007 | ||
Louisville Gas & Electric Co. | 4.250% | 4/1/49 | 1,699 | 2,001 | ||
MidAmerican Energy Co. | 6.750% | 12/30/31 | 425 | 609 | ||
3 | MidAmerican Energy Co. | 5.750% | 11/1/35 | 1,708 | 2,365 | |
3 | MidAmerican Energy Co. | 5.800% | 10/15/36 | 1,005 | 1,390 | |
MidAmerican Energy Co. | 4.800% | 9/15/43 | 794 | 1,014 | ||
MidAmerican Energy Co. | 4.400% | 10/15/44 | 1,944 | 2,366 | ||
MidAmerican Energy Co. | 4.250% | 5/1/46 | 1,842 | 2,205 | ||
MidAmerican Energy Co. | 3.650% | 8/1/48 | 1,261 | 1,409 | ||
MidAmerican Energy Co. | 4.250% | 7/15/49 | 1,165 | 1,427 | ||
MidAmerican Energy Co. | 3.150% | 4/15/50 | 1,307 | 1,333 | ||
3 | Mississippi Power Co. | 4.250% | 3/15/42 | 626 | 711 | |
National Fuel Gas Co. | 2.950% | 3/1/31 | 400 | 396 | ||
National Grid USA | 5.803% | 4/1/35 | 912 | 1,182 | ||
National Rural Utilities Cooperative Finance Corp. | 1.350% | 3/15/31 | 1,357 | 1,274 | ||
3 | National Rural Utilities Cooperative Finance Corp. | 1.650% | 6/15/31 | 500 | 484 | |
3 | National Rural Utilities Cooperative Finance Corp. | 8.000% | 3/1/32 | 992 | 1,551 | |
National Rural Utilities Cooperative Finance Corp. | 4.023% | 11/1/32 | 935 | 1,107 | ||
National Rural Utilities Cooperative Finance Corp. | 4.400% | 11/1/48 | 1,149 | 1,417 | ||
National Rural Utilities Cooperative Finance Corp. | 4.300% | 3/15/49 | 1,268 | 1,564 | ||
3 | Nevada Power Co. | 6.650% | 4/1/36 | 1,725 | 2,500 | |
3 | Nevada Power Co. | 6.750% | 7/1/37 | 1,500 | 2,201 | |
3 | Nevada Power Co. | 3.125% | 8/1/50 | 1,549 | 1,578 | |
NiSource Inc. | 5.950% | 6/15/41 | 843 | 1,149 | ||
NiSource Inc. | 5.250% | 2/15/43 | 1,207 | 1,522 | ||
NiSource Inc. | 4.800% | 2/15/44 | 1,931 | 2,354 | ||
NiSource Inc. | 5.650% | 2/1/45 | 1,204 | 1,600 | ||
NiSource Inc. | 4.375% | 5/15/47 | 2,140 | 2,457 | ||
NiSource Inc. | 3.950% | 3/30/48 | 2,095 | 2,311 | ||
Northern States Power Co. | 6.250% | 6/1/36 | 405 | 580 | ||
Northern States Power Co. | 6.200% | 7/1/37 | 515 | 749 | ||
Northern States Power Co. | 5.350% | 11/1/39 | 712 | 962 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Northern States Power Co. | 3.400% | 8/15/42 | 935 | 1,012 | ||
Northern States Power Co. | 4.125% | 5/15/44 | 593 | 706 | ||
Northern States Power Co. | 4.000% | 8/15/45 | 860 | 1,020 | ||
Northern States Power Co. | 3.600% | 5/15/46 | 1,624 | 1,794 | ||
Northern States Power Co. | 3.600% | 9/15/47 | 1,647 | 1,830 | ||
Northern States Power Co. | 2.900% | 3/1/50 | 1,261 | 1,262 | ||
Northern States Power Co. | 2.600% | 6/1/51 | 750 | 708 | ||
NorthWestern Corp. | 4.176% | 11/15/44 | 1,034 | 1,177 | ||
NSTAR Electric Co. | 5.500% | 3/15/40 | 713 | 972 | ||
NSTAR Electric Co. | 4.400% | 3/1/44 | 1,090 | 1,343 | ||
Oglethorpe Power Corp. | 5.950% | 11/1/39 | 1,180 | 1,486 | ||
Oglethorpe Power Corp. | 5.375% | 11/1/40 | 2,025 | 2,418 | ||
Oglethorpe Power Corp. | 5.050% | 10/1/48 | 975 | 1,157 | ||
Oglethorpe Power Corp. | 5.250% | 9/1/50 | 628 | 743 | ||
Ohio Power Co. | 4.150% | 4/1/48 | 475 | 556 | ||
Ohio Power Co. | 4.000% | 6/1/49 | 1,243 | 1,405 | ||
Oklahoma Gas & Electric Co. | 4.150% | 4/1/47 | 955 | 1,112 | ||
Oklahoma Gas & Electric Co. | 3.850% | 8/15/47 | 456 | 505 | ||
Oncor Electric Delivery Co. LLC | 7.000% | 5/1/32 | 619 | 903 | ||
Oncor Electric Delivery Co. LLC | 7.250% | 1/15/33 | 793 | 1,177 | ||
Oncor Electric Delivery Co. LLC | 7.500% | 9/1/38 | 780 | 1,231 | ||
Oncor Electric Delivery Co. LLC | 5.250% | 9/30/40 | 1,045 | 1,381 | ||
Oncor Electric Delivery Co. LLC | 4.550% | 12/1/41 | 725 | 892 | ||
Oncor Electric Delivery Co. LLC | 5.300% | 6/1/42 | 2,415 | 3,230 | ||
Oncor Electric Delivery Co. LLC | 3.750% | 4/1/45 | 1,582 | 1,783 | ||
Oncor Electric Delivery Co. LLC | 3.800% | 9/30/47 | 1,222 | 1,388 | ||
Oncor Electric Delivery Co. LLC | 4.100% | 11/15/48 | 1,425 | 1,701 | ||
Oncor Electric Delivery Co. LLC | 3.800% | 6/1/49 | 1,577 | 1,814 | ||
3 | Oncor Electric Delivery Co. LLC | 3.100% | 9/15/49 | 1,300 | 1,322 | |
Oncor Electric Delivery Co. LLC | 3.700% | 5/15/50 | 225 | 255 | ||
2,3 | Oncor Electric Delivery Co. LLC | 5.350% | 10/1/52 | 629 | 907 | |
ONE Gas Inc. | 4.658% | 2/1/44 | 1,628 | 1,954 | ||
ONE Gas Inc. | 4.500% | 11/1/48 | 795 | 980 | ||
Pacific Gas & Electric Co. | 4.500% | 7/1/40 | 4,845 | 5,157 | ||
Pacific Gas & Electric Co. | 3.300% | 8/1/40 | 3,818 | 3,631 | ||
Pacific Gas & Electric Co. | 4.750% | 2/15/44 | 1,135 | 1,209 | ||
Pacific Gas & Electric Co. | 4.300% | 3/15/45 | 2,745 | 2,778 | ||
Pacific Gas & Electric Co. | 3.950% | 12/1/47 | 5,400 | 5,237 | ||
Pacific Gas & Electric Co. | 4.950% | 7/1/50 | 7,958 | 8,638 | ||
Pacific Gas & Electric Co. | 3.500% | 8/1/50 | 5,745 | 5,250 | ||
PacifiCorp | 7.700% | 11/15/31 | 1,244 | 1,830 | ||
PacifiCorp | 5.250% | 6/15/35 | 1,364 | 1,779 | ||
PacifiCorp | 6.100% | 8/1/36 | 1,415 | 1,944 | ||
PacifiCorp | 5.750% | 4/1/37 | 1,486 | 1,982 | ||
PacifiCorp | 6.250% | 10/15/37 | 1,317 | 1,854 | ||
PacifiCorp | 6.350% | 7/15/38 | 630 | 903 | ||
PacifiCorp | 6.000% | 1/15/39 | 1,327 | 1,853 | ||
PacifiCorp | 4.100% | 2/1/42 | 1,800 | 2,079 | ||
PacifiCorp | 4.125% | 1/15/49 | 700 | 801 | ||
PacifiCorp | 4.150% | 2/15/50 | 1,488 | 1,763 | ||
PacifiCorp | 3.300% | 3/15/51 | 1,635 | 1,713 | ||
PECO Energy Co. | 5.950% | 10/1/36 | 533 | 754 | ||
PECO Energy Co. | 4.150% | 10/1/44 | 833 | 993 | ||
PECO Energy Co. | 3.900% | 3/1/48 | 1,297 | 1,484 | ||
PECO Energy Co. | 3.000% | 9/15/49 | 669 | 668 | ||
PECO Energy Co. | 2.800% | 6/15/50 | 400 | 389 | ||
Piedmont Natural Gas Co. Inc. | 4.650% | 8/1/43 | 255 | 308 | ||
Piedmont Natural Gas Co. Inc. | 3.640% | 11/1/46 | 626 | 669 | ||
Piedmont Natural Gas Co. Inc. | 3.350% | 6/1/50 | 1,115 | 1,145 | ||
Potomac Electric Power Co. | 6.500% | 11/15/37 | 748 | 1,084 | ||
Potomac Electric Power Co. | 4.150% | 3/15/43 | 1,875 | 2,209 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
PPL Capital Funding Inc. | 4.700% | 6/1/43 | 1,476 | 1,737 | ||
PPL Capital Funding Inc. | 5.000% | 3/15/44 | 565 | 691 | ||
PPL Capital Funding Inc. | 4.000% | 9/15/47 | 810 | 869 | ||
PPL Electric Utilities Corp. | 6.250% | 5/15/39 | 513 | 731 | ||
PPL Electric Utilities Corp. | 4.750% | 7/15/43 | 815 | 1,018 | ||
PPL Electric Utilities Corp. | 4.125% | 6/15/44 | 685 | 798 | ||
PPL Electric Utilities Corp. | 4.150% | 10/1/45 | 2,096 | 2,450 | ||
PPL Electric Utilities Corp. | 3.950% | 6/1/47 | 1,815 | 2,067 | ||
PPL Electric Utilities Corp. | 4.150% | 6/15/48 | 695 | 816 | ||
PPL Electric Utilities Corp. | 3.000% | 10/1/49 | 650 | 642 | ||
Progress Energy Inc. | 7.750% | 3/1/31 | 375 | 539 | ||
Progress Energy Inc. | 7.000% | 10/30/31 | 600 | 829 | ||
Progress Energy Inc. | 6.000% | 12/1/39 | 1,832 | 2,459 | ||
PSEG Power LLC | 8.625% | 4/15/31 | 1,008 | 1,532 | ||
1 | Public Service Co. of Colorado | 1.875% | 6/15/31 | 700 | 692 | |
3 | Public Service Co. of Colorado | 6.250% | 9/1/37 | 1,890 | 2,729 | |
Public Service Co. of Colorado | 6.500% | 8/1/38 | 751 | 1,121 | ||
Public Service Co. of Colorado | 3.600% | 9/15/42 | 901 | 1,003 | ||
Public Service Co. of Colorado | 4.300% | 3/15/44 | 945 | 1,144 | ||
Public Service Co. of Colorado | 3.800% | 6/15/47 | 1,267 | 1,443 | ||
Public Service Co. of Colorado | 4.100% | 6/15/48 | 808 | 960 | ||
Public Service Co. of Colorado | 4.050% | 9/15/49 | 1,350 | 1,601 | ||
3 | Public Service Co. of Colorado | 3.200% | 3/1/50 | 1,810 | 1,892 | |
3 | Public Service Co. of Colorado | 2.700% | 1/15/51 | 1,175 | 1,129 | |
Public Service Co. of New Hampshire | 3.600% | 7/1/49 | 1,209 | 1,344 | ||
3 | Public Service Electric & Gas Co. | 5.800% | 5/1/37 | 545 | 745 | |
3 | Public Service Electric & Gas Co. | 5.500% | 3/1/40 | 1,150 | 1,575 | |
3 | Public Service Electric & Gas Co. | 3.950% | 5/1/42 | 750 | 867 | |
3 | Public Service Electric & Gas Co. | 3.650% | 9/1/42 | 1,413 | 1,575 | |
3 | Public Service Electric & Gas Co. | 3.800% | 1/1/43 | 665 | 754 | |
3 | Public Service Electric & Gas Co. | 3.800% | 3/1/46 | 1,696 | 1,938 | |
3 | Public Service Electric & Gas Co. | 3.600% | 12/1/47 | 1,120 | 1,250 | |
3 | Public Service Electric & Gas Co. | 4.050% | 5/1/48 | 509 | 600 | |
3 | Public Service Electric & Gas Co. | 3.850% | 5/1/49 | 853 | 982 | |
3 | Public Service Electric & Gas Co. | 3.200% | 8/1/49 | 1,040 | 1,088 | |
3 | Public Service Electric & Gas Co. | 3.150% | 1/1/50 | 569 | 595 | |
3 | Public Service Electric & Gas Co. | 2.700% | 5/1/50 | 595 | 571 | |
3 | Public Service Electric & Gas Co. | 2.050% | 8/1/50 | 980 | 822 | |
Puget Sound Energy Inc. | 6.274% | 3/15/37 | 791 | 1,095 | ||
Puget Sound Energy Inc. | 5.757% | 10/1/39 | 1,131 | 1,538 | ||
Puget Sound Energy Inc. | 5.795% | 3/15/40 | 613 | 839 | ||
Puget Sound Energy Inc. | 5.638% | 4/15/41 | 373 | 506 | ||
Puget Sound Energy Inc. | 4.300% | 5/20/45 | 596 | 705 | ||
Puget Sound Energy Inc. | 4.223% | 6/15/48 | 2,024 | 2,442 | ||
Puget Sound Energy Inc. | 3.250% | 9/15/49 | 864 | 880 | ||
San Diego Gas & Electric Co. | 6.000% | 6/1/39 | 744 | 1,043 | ||
San Diego Gas & Electric Co. | 4.500% | 8/15/40 | 791 | 950 | ||
3 | San Diego Gas & Electric Co. | 3.750% | 6/1/47 | 1,265 | 1,403 | |
San Diego Gas & Electric Co. | 4.150% | 5/15/48 | 445 | 529 | ||
3 | San Diego Gas & Electric Co. | 4.100% | 6/15/49 | 860 | 991 | |
3 | San Diego Gas & Electric Co. | 3.320% | 4/15/50 | 1,435 | 1,507 | |
Sempra Energy | 3.800% | 2/1/38 | 1,211 | 1,339 | ||
Sempra Energy | 6.000% | 10/15/39 | 3,139 | 4,249 | ||
Sempra Energy | 4.000% | 2/1/48 | 1,930 | 2,117 | ||
Southern California Edison Co. | 6.000% | 1/15/34 | 913 | 1,205 | ||
3 | Southern California Edison Co. | 5.750% | 4/1/35 | 1,617 | 2,126 | |
3 | Southern California Edison Co. | 5.350% | 7/15/35 | 1,571 | 1,993 | |
Southern California Edison Co. | 5.625% | 2/1/36 | 1,584 | 2,052 | ||
3 | Southern California Edison Co. | 5.550% | 1/15/37 | 1,131 | 1,372 | |
3 | Southern California Edison Co. | 5.950% | 2/1/38 | 618 | 817 | |
Southern California Edison Co. | 6.050% | 3/15/39 | 392 | 521 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Southern California Edison Co. | 5.500% | 3/15/40 | 1,899 | 2,366 | ||
Southern California Edison Co. | 4.500% | 9/1/40 | 1,991 | 2,274 | ||
Southern California Edison Co. | 4.050% | 3/15/42 | 1,098 | 1,181 | ||
3 | Southern California Edison Co. | 3.900% | 3/15/43 | 1,608 | 1,677 | |
Southern California Edison Co. | 4.650% | 10/1/43 | 349 | 413 | ||
3 | Southern California Edison Co. | 3.600% | 2/1/45 | 2,199 | 2,218 | |
Southern California Edison Co. | 4.000% | 4/1/47 | 1,878 | 2,048 | ||
3 | Southern California Edison Co. | 4.125% | 3/1/48 | 2,728 | 3,022 | |
3 | Southern California Edison Co. | 4.875% | 3/1/49 | 2,919 | 3,569 | |
Southern California Edison Co. | 3.650% | 2/1/50 | 2,579 | 2,656 | ||
3 | Southern California Edison Co. | 2.950% | 2/1/51 | 1,850 | 1,690 | |
Southern California Gas Co. | 5.125% | 11/15/40 | 495 | 635 | ||
Southern California Gas Co. | 3.750% | 9/15/42 | 578 | 651 | ||
3 | Southern California Gas Co. | 4.125% | 6/1/48 | 1,133 | 1,339 | |
3 | Southern California Gas Co. | 4.300% | 1/15/49 | 1,310 | 1,608 | |
3 | Southern California Gas Co. | 3.950% | 2/15/50 | 1,345 | 1,544 | |
Southern Co. | 4.250% | 7/1/36 | 879 | 1,027 | ||
Southern Co. | 4.400% | 7/1/46 | 2,715 | 3,125 | ||
Southern Co. Gas Capital Corp. | 5.875% | 3/15/41 | 1,322 | 1,791 | ||
Southern Co. Gas Capital Corp. | 4.400% | 6/1/43 | 2,437 | 2,763 | ||
Southern Co. Gas Capital Corp. | 3.950% | 10/1/46 | 784 | 856 | ||
Southern Co. Gas Capital Corp. | 4.400% | 5/30/47 | 2,273 | 2,619 | ||
Southern Power Co. | 5.150% | 9/15/41 | 1,018 | 1,214 | ||
Southern Power Co. | 5.250% | 7/15/43 | 560 | 671 | ||
3 | Southern Power Co. | 4.950% | 12/15/46 | 1,167 | 1,337 | |
Southwest Gas Corp. | 3.800% | 9/29/46 | 580 | 620 | ||
Southwest Gas Corp. | 4.150% | 6/1/49 | 865 | 991 | ||
Southwestern Electric Power Co. | 6.200% | 3/15/40 | 712 | 975 | ||
3 | Southwestern Electric Power Co. | 3.900% | 4/1/45 | 1,799 | 1,917 | |
3 | Southwestern Electric Power Co. | 3.850% | 2/1/48 | 272 | 289 | |
Southwestern Public Service Co. | 4.500% | 8/15/41 | 386 | 463 | ||
Southwestern Public Service Co. | 3.400% | 8/15/46 | 1,165 | 1,214 | ||
Southwestern Public Service Co. | 3.700% | 8/15/47 | 1,653 | 1,807 | ||
3 | Southwestern Public Service Co. | 4.400% | 11/15/48 | 690 | 836 | |
Southwestern Public Service Co. | 3.750% | 6/15/49 | 713 | 805 | ||
3 | Southwestern Public Service Co. | 3.150% | 5/1/50 | 743 | 758 | |
Tampa Electric Co. | 4.100% | 6/15/42 | 1,270 | 1,417 | ||
Tampa Electric Co. | 4.350% | 5/15/44 | 250 | 297 | ||
Tampa Electric Co. | 4.300% | 6/15/48 | 904 | 1,094 | ||
Tampa Electric Co. | 4.450% | 6/15/49 | 492 | 610 | ||
Tampa Electric Co. | 3.625% | 6/15/50 | 830 | 914 | ||
Toledo Edison Co. | 6.150% | 5/15/37 | 621 | 810 | ||
Tucson Electric Power Co. | 4.850% | 12/1/48 | 825 | 1,019 | ||
Tucson Electric Power Co. | 4.000% | 6/15/50 | 820 | 931 | ||
Union Electric Co. | 5.300% | 8/1/37 | 598 | 764 | ||
Union Electric Co. | 8.450% | 3/15/39 | 377 | 647 | ||
Union Electric Co. | 3.900% | 9/15/42 | 1,920 | 2,197 | ||
Union Electric Co. | 3.650% | 4/15/45 | 1,602 | 1,778 | ||
Union Electric Co. | 4.000% | 4/1/48 | 1,107 | 1,285 | ||
Union Electric Co. | 3.250% | 10/1/49 | 2,070 | 2,144 | ||
Veolia Environnement SA | 6.750% | 6/1/38 | 572 | 790 | ||
3 | Virginia Electric & Power Co. | 6.000% | 1/15/36 | 1,522 | 2,102 | |
3 | Virginia Electric & Power Co. | 6.000% | 5/15/37 | 906 | 1,246 | |
Virginia Electric & Power Co. | 6.350% | 11/30/37 | 1,333 | 1,903 | ||
Virginia Electric & Power Co. | 8.875% | 11/15/38 | 1,429 | 2,517 | ||
Virginia Electric & Power Co. | 4.000% | 1/15/43 | 1,764 | 2,064 | ||
3 | Virginia Electric & Power Co. | 4.650% | 8/15/43 | 1,746 | 2,169 | |
Virginia Electric & Power Co. | 4.450% | 2/15/44 | 1,524 | 1,871 | ||
3 | Virginia Electric & Power Co. | 4.200% | 5/15/45 | 1,030 | 1,221 | |
3 | Virginia Electric & Power Co. | 4.000% | 11/15/46 | 1,203 | 1,397 | |
3 | Virginia Electric & Power Co. | 3.800% | 9/15/47 | 2,528 | 2,842 |
Coupon | Maturity Date | Face Amount ($000) | Market Value ($000) | |||
Virginia Electric & Power Co. | 4.600% | 12/1/48 | 1,455 | 1,828 | ||
Virginia Electric & Power Co. | 3.300% | 12/1/49 | 1,215 | 1,275 | ||
Virginia Electric & Power Co. | 2.450% | 12/15/50 | 1,625 | 1,460 | ||
3 | Washington Gas Light Co. | 3.796% | 9/15/46 | 1,123 | 1,248 | |
3 | Washington Gas Light Co. | 3.650% | 9/15/49 | 985 | 1,094 | |
Wisconsin Electric Power Co. | 5.625% | 5/15/33 | 777 | 1,043 | ||
Wisconsin Electric Power Co. | 5.700% | 12/1/36 | 625 | 858 | ||
Wisconsin Electric Power Co. | 4.300% | 10/15/48 | 930 | 1,128 | ||
Wisconsin Power & Light Co. | 6.375% | 8/15/37 | 689 | 980 | ||
Wisconsin Power & Light Co. | 3.650% | 4/1/50 | 1,530 | 1,713 | ||
Wisconsin Public Service Corp. | 3.671% | 12/1/42 | 933 | 1,039 | ||
Wisconsin Public Service Corp. | 4.752% | 11/1/44 | 838 | 1,063 | ||
Wisconsin Public Service Corp. | 3.300% | 9/1/49 | 480 | 508 | ||
Xcel Energy Inc. | 6.500% | 7/1/36 | 435 | 628 | ||
Xcel Energy Inc. | 3.500% | 12/1/49 | 1,185 | 1,251 | ||
743,434 | ||||||
Total Corporate Bonds (Cost $6,287,863) | 6,222,431 | |||||
Taxable Municipal Bonds (0.01%) | ||||||
Michigan Finance Authority Revenue (Trinity Health Credit Group) (Cost $465) | 3.084% | 12/1/34 | 465 | 503 | ||
Shares | ||||||
Temporary Cash Investments (0.20%) | ||||||
Money Market Fund (0.20%) | ||||||
5 | Vanguard Market Liquidity Fund (Cost $12,455) | 0.099% | 124,552 | 12,455 | ||
Total Investments (99.06%) (Cost $6,310,366) | 6,245,046 | |||||
Other Assets and Liabilities—Net (0.94%) | 59,196 | |||||
Net Assets (100%) | 6,304,242 |
Cost is in $000. | |
1 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2021. |
2 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2021, the aggregate value of these securities was $204,728,000, representing 3.2% of net assets. |
3 | The average or expected maturity is shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or the possibility of the issue being called. |
4 | Securities with a value of $1,359,000 have been segregated as initial margin for open futures contracts. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
All rights reserved.
Vanguard Marketing Corporation, Distributor.
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.
Not applicable.
Item 11: Controls and Procedures.
(a) Disclosure Controls and Procedures. The Principal Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on their evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.
(b) Internal Control Over Financial Reporting. In 2020, a third-party service provider began performing certain administrative and accounting services for Vanguard Explorer Value Fund, Russell 1000 Index Fund, Russell 1000 Value Index Fund, Russell 1000 Growth Index Fund, Vanguard Russell 2000 Index Fund, Vanguard Russell 2000 Value Index Fund, Vanguard Russell 2000 Growth Index Fund, Vanguard Russell 3000 Index Fund, Vanguard Short-Term Treasury Index Fund, Vanguard Intermediate-Term Treasury Index Fund, Vanguard Long-Term Treasury Index Fund, Vanguard Short-Term Corporate Bond Index Fund, Vanguard Intermediate-Term Corporate Bond Index Fund, Vanguard Long-Term Corporate Bond Index Fund, Vanguard Mortgage-Backed Securities Index Fund, Vanguard Total Corporate Bond ETF, and Vanguard Total World Bond ETF. There were no other significant changes in Registrant’s Internal Control Over Financial Reporting or in other factors that could significantly affect this control subsequent to the date of the evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
Item 12: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13: Exhibits.
(a) | Certifications. |
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.
VANGUARD SCOTTSDALE FUNDS
BY: /s/ MORTIMER J. BUCKLEY*
___________________________
MORTIMER J. BUCKLEY
CHIEF EXECUTIVE OFFICER
Date: April 20, 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.
VANGUARD SCOTTSDALE FUNDS
BY: /s/ MORTIMER J. BUCKLEY*
___________________________
MORTIMER J. BUCKLEY
CHIEF EXECUTIVE OFFICER
Date: April 20, 2021
VANGUARD SCOTTSDALE FUNDS
BY: /s/ JOHN BENDL*
___________________________
JOHN BENDL
CHIEF FINANCIAL OFFICER
Date: April 20, 2021
* By: /s/ Anne E. Robinson
Anne E. Robinson, pursuant to a Power of Attorney filed on December 18, 2020 (see File Number 33-64845), Incorporated by Reference