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—August 31, 2021
Item 1: Reports to Shareholders
Your Fund’s Performance at a Glance | 1 |
Advisors’ Report | 2 |
About Your Fund’s Expenses | 7 |
Performance Summary | 9 |
Financial Statements | 11 |
Liquidity Risk Management | 24 |
• | Vanguard Explorer Value Fund returned 53.90% for the 12 months ended August 31, 2021. The fund’s result exceeded the 52.51% return of its benchmark, the Russell 2500 Value Index. |
• | The global economy rebounded faster than many had expected after the sharp pandemic-induced contraction in the spring of 2020. Countries that have been more successful in containing the virus have generally fared better economically. Swift and extensive fiscal and monetary support from policymakers has also been key to the rebound. |
• | Given that the 12-month period under review reflects the recovery in stocks that followed the sharp contraction, results were excellent. |
• | Compared with its benchmark index, the fund outperformed in a majority of industry sectors. Security selection was especially strong in financials, information technology, and health care. Selection in materials, however, detracted from the fund’s relative performance. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||
One Year | Three Years | Five Years | |
Stocks | |||
Russell 1000 Index (Large-caps) | 32.25% | 18.42% | 18.24% |
Russell 2000 Index (Small-caps) | 47.08 | 10.75 | 14.38 |
Russell 3000 Index (Broad U.S. market) | 33.04 | 17.85 | 17.97 |
FTSE All-World ex US Index (International) | 25.74 | 9.82 | 10.23 |
Bonds | |||
Bloomberg U.S. Aggregate Bond Index (Broad taxable market) | -0.08% | 5.43% | 3.11% |
Bloomberg Municipal Bond Index (Broad tax-exempt market) | 3.40 | 5.09 | 3.30 |
FTSE Three-Month U.S. Treasury Bill Index | 0.06 | 1.20 | 1.13 |
CPI | |||
Consumer Price Index | 5.25% | 2.76% | 2.58% |
Fund Assets Managed | |||
Investment Advisor | % | $ Million | Investment Strategy |
Cardinal Capital Management, L.L.C. | 50 | 579 | The advisor seeks stocks that are able to generate excess cash flow and reinvest the cash to increase shareholder value. |
Frontier Capital Management Co., LLC | 46 | 539 | The advisor selects stocks by identifying companies it believes are underpriced relative to their long-term value. These companies are generally inexpensive and have low price-to-book and price-to-earnings ratios. |
Cash Investments | 4 | 46 | These short-term reserves are invested by Vanguard in equity index products to simulate investment in stocks. Each advisor may also maintain a modest cash position. |
• | 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 August 31, 2021 | |||
Explorer Value Fund | Beginning Account Value 2/28/2021 | Ending Account Value 8/31/2021 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $1,094.40 | $2.64 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,022.69 | 2.55 |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Explorer Value Fund | 53.90% | 11.62% | 12.64% | $32,888 | |
Russell 2500 Value Index | 52.51 | 11.23 | 12.38 | 32,119 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.16 | 44,721 |
Communication Services | 3.2% |
Consumer Discretionary | 6.9 |
Consumer Staples | 2.3 |
Energy | 4.0 |
Financials | 20.4 |
Health Care | 4.6 |
Industrials | 19.6 |
Information Technology | 15.4 |
Materials | 9.3 |
Real Estate | 11.6 |
Utilities | 2.7 |
Shares | Market Value• ($000) | ||
Common Stocks (93.8%) | |||
Communication Services (3.0%) | |||
Nexstar Media Group Inc. Class A | 150,089 | 22,476 | |
John Wiley & Sons Inc. Class A | 214,409 | 12,457 | |
34,933 | |||
Consumer Discretionary (6.5%) | |||
Lithia Motors Inc. Class A | 56,822 | 18,825 | |
Kontoor Brands Inc. | 152,486 | 8,228 | |
* | Adtalem Global Education Inc. | 218,923 | 8,100 |
* | Modine Manufacturing Co. | 572,220 | 7,118 |
* | Lands' End Inc. | 189,417 | 6,412 |
* | Helen of Troy Ltd. | 24,391 | 5,834 |
LCI Industries | 36,683 | 5,197 | |
* | Bed Bath & Beyond Inc. | 161,710 | 4,453 |
* | Perdoceo Education Corp. | 341,227 | 3,747 |
* | LGI Homes Inc. | 22,878 | 3,668 |
* | Stoneridge Inc. | 154,291 | 3,595 |
75,177 | |||
Consumer Staples (2.1%) | |||
* | Hostess Brands Inc. Class A | 958,719 | 15,301 |
Spectrum Brands Holdings Inc. | 125,305 | 9,782 | |
25,083 | |||
Energy (3.8%) | |||
PDC Energy Inc. | 248,574 | 10,378 | |
* | DTE Midstream LLC | 169,097 | 7,858 |
Pioneer Natural Resources Co. | 50,374 | 7,540 | |
Viper Energy Partners LP | 332,698 | 6,162 | |
Rattler Midstream LP | 395,684 | 4,313 | |
Cimarex Energy Co. | 66,277 | 4,256 | |
International Seaways Inc. | 192,982 | 3,319 | |
43,826 | |||
Financials (19.1%) | |||
PacWest Bancorp | 724,349 | 30,821 | |
Starwood Property Trust Inc. | 789,741 | 20,375 | |
Columbia Banking System Inc. | 369,822 | 13,447 | |
Pinnacle Financial Partners Inc. | 120,360 | 11,665 | |
Popular Inc. | 149,999 | 11,391 | |
BGC Partners Inc. Class A | 2,173,949 | 11,196 | |
Argo Group International Holdings Ltd. | 205,801 | 10,887 |
Shares | Market Value• ($000) | ||
Washington Federal Inc. | 308,577 | 10,276 | |
* | Bancorp Inc. | 394,292 | 9,723 |
Pacific Premier Bancorp Inc. | 237,418 | 9,487 | |
BankUnited Inc. | 219,560 | 9,228 | |
Wintrust Financial Corp. | 123,183 | 9,219 | |
Webster Financial Corp. | 177,900 | 8,988 | |
First Merchants Corp. | 211,799 | 8,716 | |
First BanCorp. (XNYS) | 677,718 | 8,627 | |
Flushing Financial Corp. | 371,363 | 8,515 | |
Evercore Inc. Class A | 57,800 | 8,071 | |
* | NMI Holdings Inc. Class A | 268,337 | 6,057 |
Renasant Corp. | 168,945 | 5,930 | |
WSFS Financial Corp. | 125,742 | 5,710 | |
PJT Partners Inc. Class A | 57,652 | 4,553 | |
222,882 | |||
Health Care (4.3%) | |||
* | Syneos Health Inc. | 204,879 | 19,009 |
* | Varex Imaging Corp. | 217,655 | 6,349 |
* | Pacira BioSciences Inc. | 102,980 | 6,106 |
* | Envista Holdings Corp. | 132,041 | 5,650 |
* | Acadia Healthcare Co. Inc. | 70,048 | 4,632 |
* | Merit Medical Systems Inc. | 60,980 | 4,376 |
* | Ligand Pharmaceuticals Inc. | 27,808 | 3,679 |
49,801 | |||
Industrials (18.4%) | |||
* | Colfax Corp. | 477,655 | 23,009 |
* | KAR Auction Services Inc. | 1,172,566 | 19,828 |
BWX Technologies Inc. | 236,747 | 13,596 | |
* | GXO Logistics Inc. | 137,485 | 11,245 |
* | XPO Logistics Inc. | 119,426 | 10,379 |
KBR Inc. | 254,497 | 9,910 | |
* | WESCO International Inc. | 82,847 | 9,695 |
* | Beacon Roofing Supply Inc. | 177,732 | 9,150 |
* | Atkore Inc. | 91,904 | 8,526 |
Interface Inc. Class A | 564,399 | 8,116 | |
Trinity Industries Inc. | 271,567 | 7,884 | |
EnerSys | 85,199 | 7,207 | |
* | Builders FirstSource Inc. | 132,838 | 7,079 |
Applied Industrial Technologies Inc. | 78,838 | 7,002 | |
Kaman Corp. | 162,972 | 6,369 | |
Quanta Services Inc. | 59,299 | 6,054 | |
* | Univar Solutions Inc. | 254,681 | 6,013 |
HNI Corp. | 143,674 | 5,444 | |
Altra Industrial Motion Corp. | 77,394 | 4,532 | |
Encore Wire Corp. | 50,122 | 4,261 | |
* | Stericycle Inc. | 60,716 | 4,226 |
* | Triumph Group Inc. | 209,551 | 3,868 |
Shares | Market Value• ($000) | ||
* | MRC Global Inc. | 451,335 | 3,701 |
Greenbrier Cos. Inc. | 81,700 | 3,603 | |
Pitney Bowes Inc. | 408,432 | 3,051 | |
* | Array Technologies Inc. | 154,135 | 2,939 |
AZZ Inc. | 54,662 | 2,927 | |
* | CIRCOR International Inc. | 70,500 | 2,520 |
Steelcase Inc. Class A | 172,761 | 2,434 | |
214,568 | |||
Information Technology (14.4%) | |||
* | J2 Global Inc. | 182,525 | 25,134 |
Silicon Motion Technology Corp. ADR | 329,169 | 24,576 | |
* | ACI Worldwide Inc. | 425,230 | 13,705 |
* | Verint Systems Inc. | 272,037 | 12,144 |
Jabil Inc. | 193,889 | 11,978 | |
* | Insight Enterprises Inc. | 111,109 | 11,432 |
* | Concentrix Corp. | 63,719 | 11,048 |
Belden Inc. | 187,397 | 10,728 | |
* | Teledyne Technologies Inc. | 20,516 | 9,507 |
* | Euronet Worldwide Inc. | 70,586 | 9,404 |
SYNNEX Corp. | 70,909 | 9,010 | |
* | Fabrinet | 71,896 | 7,407 |
* | Cognyte Software Ltd. | 147,038 | 4,041 |
* | Perficient Inc. | 31,996 | 3,814 |
* | MACOM Technology Solutions Holdings Inc. Class H | 36,203 | 2,198 |
MKS Instruments Inc. | 12,669 | 1,865 | |
167,991 | |||
Materials (8.8%) | |||
Silgan Holdings Inc. | 520,192 | 22,072 | |
FMC Corp. | 205,320 | 19,224 | |
* | Axalta Coating Systems Ltd. | 559,137 | 17,076 |
Ashland Global Holdings Inc. | 163,326 | 14,881 | |
Eagle Materials Inc. | 69,480 | 10,897 | |
Pactiv Evergreen Inc. | 384,588 | 5,288 | |
Graphic Packaging Holding Co. | 231,443 | 4,749 | |
Carpenter Technology Corp. | 140,109 | 4,673 | |
Compass Minerals International Inc. | 48,624 | 3,254 | |
102,114 | |||
Real Estate (10.9%) | |||
Gaming and Leisure Properties Inc. | 435,279 | 21,459 | |
Medical Properties Trust Inc. | 954,002 | 19,538 |
Shares | Market Value• ($000) | ||
* | Howard Hughes Corp. | 131,587 | 11,913 |
Newmark Group Inc. Class A | 872,391 | 11,882 | |
STAG Industrial Inc. | 244,976 | 10,350 | |
Spirit Realty Capital Inc. | 198,669 | 10,285 | |
SITE Centers Corp. | 624,842 | 10,066 | |
Corporate Office Properties Trust | 321,817 | 9,069 | |
Agree Realty Corp. | 117,291 | 8,744 | |
* | Sunstone Hotel Investors Inc. | 487,826 | 5,654 |
RPT Realty | 393,975 | 5,098 | |
QTS Realty Trust Inc. Class A | 35,472 | 2,766 | |
126,824 | |||
Utilities (2.5%) | |||
MDU Resources Group Inc. | 316,382 | 10,178 | |
Portland General Electric Co. | 177,945 | 9,138 | |
ALLETE Inc. | 94,888 | 6,397 | |
Unitil Corp. | 69,887 | 3,466 | |
29,179 | |||
Total Common Stocks (Cost $829,439) | 1,092,378 | ||
Temporary Cash Investments (6.1%) | |||
Money Market Fund (6.1%) | |||
1 | Vanguard Market Liquidity Fund, 0.068% (Cost $70,480) | 704,880 | 70,488 |
Total Investments (99.9%) (Cost $899,919) | 1,162,866 | ||
Other Assets and Liabilities—Net (0.1%) | 1,607 | ||
Net Assets (100%) | 1,164,473 | ||
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 | September 2021 | 413 | 46,900 | 226 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $829,439) | 1,092,378 |
Affiliated Issuers (Cost $70,480) | 70,488 |
Total Investments in Securities | 1,162,866 |
Investment in Vanguard | 39 |
Cash Collateral Pledged—Futures Contracts | 2,693 |
Receivables for Accrued Income | 686 |
Receivables for Capital Shares Issued | 522 |
Variation Margin Receivable—Futures Contracts | 95 |
Total Assets | 1,166,901 |
Liabilities | |
Payables for Investment Securities Purchased | 182 |
Payables to Investment Advisor | 859 |
Payables for Capital Shares Redeemed | 1,276 |
Payables to Vanguard | 111 |
Total Liabilities | 2,428 |
Net Assets | 1,164,473 |
At August 31, 2021, net assets consisted of: | |
Paid-in Capital | 865,997 |
Total Distributable Earnings (Loss) | 298,476 |
Net Assets | 1,164,473 |
Net Assets | |
Applicable to 25,170,704 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,164,473 |
Net Asset Value Per Share | $46.26 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 12,146 |
Interest2 | 54 |
Securities Lending—Net | 59 |
Total Income | 12,259 |
Expenses | |
Investment Advisory Fees—Note B | |
Basic Fee | 2,653 |
Performance Adjustment | 54 |
The Vanguard Group—Note C | |
Management and Administrative | 1,830 |
Marketing and Distribution | 69 |
Custodian Fees | 16 |
Auditing Fees | 30 |
Shareholders’ Reports | 11 |
Trustees’ Fees and Expenses | 1 |
Total Expenses | 4,664 |
Net Investment Income | 7,595 |
Realized Net Gain (Loss) | |
Investment Securities Sold2 | 57,450 |
Futures Contracts | 8,339 |
Realized Net Gain (Loss) | 65,789 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 231,756 |
Futures Contracts | (1,183) |
Change in Unrealized Appreciation (Depreciation) | 230,573 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 303,957 |
1 | Dividends are net of foreign withholding taxes of $45,000. |
2 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $52,000, $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 7,595 | 7,981 |
Realized Net Gain (Loss) | 65,789 | (18,460) |
Change in Unrealized Appreciation (Depreciation) | 230,573 | (50,253) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 303,957 | (60,732) |
Distributions | ||
Total Distributions | (5,943) | (10,473) |
Capital Share Transactions | ||
Issued | 672,371 | 179,685 |
Issued in Lieu of Cash Distributions | 5,616 | 9,910 |
Redeemed | (374,152) | (210,832) |
Net Increase (Decrease) from Capital Share Transactions | 303,835 | (21,237) |
Total Increase (Decrease) | 601,849 | (92,442) |
Net Assets | ||
Beginning of Period | 562,624 | 655,066 |
End of Period | 1,164,473 | 562,624 |
For a Share Outstanding Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $30.32 | $33.49 | $40.53 | $34.45 | $31.55 |
Investment Operations | |||||
Net Investment Income1 | .351 | .400 | .494 | .355 | .329 |
Net Realized and Unrealized Gain (Loss) on Investments | 15.911 | (3.032) | (4.921) | 7.112 | 3.331 |
Total from Investment Operations | 16.262 | (2.632) | (4.427) | 7.467 | 3.660 |
Distributions | |||||
Dividends from Net Investment Income | (.322) | (.538) | (.366) | (.288) | (.308) |
Distributions from Realized Capital Gains | — | — | (2.247) | (1.099) | (.452) |
Total Distributions | (.322) | (.538) | (2.613) | (1.387) | (.760) |
Net Asset Value, End of Period | $46.26 | $30.32 | $33.49 | $40.53 | $34.45 |
Total Return2 | 53.90% | -8.12% | -10.10% | 22.10% | 11.64% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $1,164 | $563 | $655 | $768 | $607 |
Ratio of Total Expenses to Average Net Assets3 | 0.52% | 0.64% | 0.55% | 0.56% | 0.55% |
Ratio of Net Investment Income to Average Net Assets | 0.85% | 1.28% | 1.45% | 0.95% | 0.98% |
Portfolio Turnover Rate | 41% | 42% | 27% | 31% | 33% |
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 0.01%, 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 Cardinal Capital Management, L.L.C., and Frontier Capital Management Co., LLC, 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 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. 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. |
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. |
E. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for distributions in connection with fund share redemptions were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 7,076 |
Total Distributable Earnings (Loss) | (7,076) |
Amount ($000) | |
Undistributed Ordinary Income | 4,108 |
Undistributed Long-Term Gains | 33,412 |
Capital Loss Carryforwards | — |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 260,956 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 5,943 | 10,473 |
Long-Term Capital Gains | — | — |
Total | 5,943 | 10,473 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 901,910 |
Gross Unrealized Appreciation | 291,303 |
Gross Unrealized Depreciation | (30,347) |
Net Unrealized Appreciation (Depreciation) | 260,956 |
F. | During the year ended August 31, 2021, the fund purchased $614,470,000 of investment securities and sold $336,262,000 of investment securities, other than temporary cash investments. |
G. | Capital shares issued and redeemed were: |
Year Ended August 31, | ||
2021 Shares (000) | 2020 Shares (000) | |
Issued | 15,359 | 5,985 |
Issued in Lieu of Cash Distributions | 152 | 274 |
Redeemed | (8,893) | (7,268) |
Net Increase (Decrease) in Shares Outstanding | 6,618 | (1,009) |
H. | Management has determined that no events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Philadelphia, Pennsylvania
October 20, 2021
Matthew Benchener | Chris D. Mclsaac |
Joseph Brennan | Thomas M. Rampulla |
Mortimer J. Buckley | Karin A. Risi |
Gregory Davis | Anne E. Robinson |
John James | Michael Rollings |
John T. Marcante | Lauren Valente |
All rights reserved.
Vanguard Marketing Corporation, Distributor.
Vanguard Russell 1000 Index Fund |
Vanguard Russell 1000 Value Index Fund |
Vanguard Russell 1000 Growth Index Fund |
Your Fund’s Performance at a Glance | 1 |
About Your Fund’s Expenses | 2 |
Russell 1000 Index Fund | 4 |
Russell 1000 Value Index Fund | 29 |
Russell 1000 Growth Index Fund | 53 |
Trustees Approve Advisory Arrangements | 75 |
Liquidity Risk Management | 77 |
• | Returns for the three Vanguard Russell 1000 Index Funds for the 12 months ended August 31, 2021, ranged from more than 28% for Vanguard Russell 1000 Growth Index Fund to more than 36% for Vanguard Russell 1000 Value Index Fund. Vanguard Russell 1000 Index Fund returned more than 32%. Each fund closely tracked its target index. |
• | The global economy rebounded more quickly than many had expected after the sharp pandemic-induced contraction in the spring of 2020. Countries that were more successful in containing the virus generally fared better economically. Swift and extensive fiscal and monetary support from policymakers was also key to the rebound. Stocks rose broadly during the 12 months under review following their sharp downturn at the start of the pandemic. |
• | Mid- and small-capitalization stocks outperformed their large-cap counterparts for the fiscal year, and value stocks surpassed growth. |
• | All sectors had positive returns across the three funds. Technology stocks contributed most to the Index Fund and the Growth Index Fund, while financials gave the biggest boost to the Value Index Fund. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||
One Year | Three Years | Five Years | |
Stocks | |||
Russell 1000 Index (Large-caps) | 32.25% | 18.42% | 18.24% |
Russell 2000 Index (Small-caps) | 47.08 | 10.75 | 14.38 |
Russell 3000 Index (Broad U.S. market) | 33.04 | 17.85 | 17.97 |
FTSE All-World ex US Index (International) | 25.74 | 9.82 | 10.23 |
Bonds | |||
Bloomberg U.S. Aggregate Bond Index (Broad taxable market) | -0.08% | 5.43% | 3.11% |
Bloomberg Municipal Bond Index (Broad tax-exempt market) | 3.40 | 5.09 | 3.30 |
FTSE Three-Month U.S. Treasury Bill Index | 0.06 | 1.20 | 1.13 |
CPI | |||
Consumer Price Index | 5.25% | 2.76% | 2.58% |
• | 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 August 31, 2021 | |||
Beginning Account Value 2/28/2021 | Ending Account Value 8/31/2021 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Russell 1000 Index Fund | |||
ETF Shares | $1,000.00 | $1,182.40 | $0.44 |
Institutional Shares | 1,000.00 | 1,182.60 | 0.39 |
Russell 1000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,144.70 | $0.43 |
Institutional Shares | 1,000.00 | 1,144.70 | 0.38 |
Russell 1000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,219.30 | $0.45 |
Institutional Shares | 1,000.00 | 1,219.40 | 0.39 |
Based on Hypothetical 5% Yearly Return | |||
Russell 1000 Index Fund | |||
ETF Shares | $1,000.00 | $1,024.80 | $0.41 |
Institutional Shares | 1,000.00 | 1,024.85 | 0.36 |
Russell 1000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,024.80 | $0.41 |
Institutional Shares | 1,000.00 | 1,024.85 | 0.36 |
Russell 1000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,024.80 | $0.41 |
Institutional Shares | 1,000.00 | 1,024.85 | 0.36 |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Year | Ten Years | Final Value of a $10,000 Investment | ||
Russell 1000 Index Fund ETF Shares Net Asset Value | 32.14% | 18.13% | 16.27% | $45,133 | |
Russell 1000 Index Fund ETF Shares Market Price | 32.08 | 18.14 | 16.27 | 45,136 | |
Russell 1000 Index | 32.25 | 18.24 | 16.40 | 45,678 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.16 | 44,721 |
One Year | Five Years | Ten Years | Final Value of a $5,000,000 Investment | ||
Russell 1000 Index Fund Institutional Shares | 32.16% | 18.17% | 16.31% | $22,648,389 | |
Russell 1000 Index | 32.25 | 18.24 | 16.40 | 22,838,972 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.16 | 22,360,680 |
One Year | Five Years | Ten Years | |
Russell 1000 Index Fund ETF Shares Market Price | 32.08% | 130.11% | 351.36% |
Russell 1000 Index Fund ETF Shares Net Asset Value | 32.14 | 130.05 | 351.33 |
Russell 1000 Index | 32.25 | 131.10 | 356.78 |
Basic Materials | 1.5% |
Consumer Discretionary | 15.8 |
Consumer Staples | 4.7 |
Energy | 2.4 |
Financials | 10.9 |
Health Care | 12.7 |
Industrials | 13.6 |
Real Estate | 3.3 |
Technology | 29.3 |
Telecommunications | 3.1 |
Utilities | 2.7 |
Shares | Market Value• ($000) | ||
Common Stocks (100.0%) | |||
Basic Materials (1.5%) | |||
Air Products and Chemicals Inc. | 28,181 | 7,595 | |
Ecolab Inc. | 31,842 | 7,176 | |
Freeport-McMoRan Inc. | 186,065 | 6,771 | |
Dow Inc. | 95,538 | 6,009 | |
Newmont Corp. | 102,047 | 5,918 | |
International Flavors & Fragrances Inc. | 31,814 | 4,820 | |
Nucor Corp. | 38,156 | 4,486 | |
Fastenal Co. | 73,148 | 4,085 | |
Albemarle Corp. | 14,837 | 3,513 | |
LyondellBasell Industries NV Class A | 33,477 | 3,359 | |
International Paper Co. | 50,102 | 3,011 | |
Avery Dennison Corp. | 10,540 | 2,376 | |
Celanese Corp. Class A | 14,368 | 2,279 | |
Eastman Chemical Co. | 17,149 | 1,941 | |
Steel Dynamics Inc. | 25,241 | 1,704 | |
FMC Corp. | 16,308 | 1,527 | |
Mosaic Co. | 43,296 | 1,393 | |
* | Cleveland-Cliffs Inc. | 58,161 | 1,365 |
CF Industries Holdings Inc. | 26,940 | 1,224 | |
Reliance Steel & Aluminum Co. | 8,059 | 1,209 | |
* | Alcoa Corp. | 23,796 | 1,056 |
Royal Gold Inc. | 8,413 | 937 | |
Olin Corp. | 18,582 | 926 | |
U.S. Steel Corp. | 34,099 | 912 | |
Scotts Miracle-Gro Co. | 5,255 | 824 | |
Chemours Co. | 21,292 | 714 | |
Huntsman Corp. | 26,625 | 704 | |
Valvoline Inc. | 23,352 | 704 | |
Element Solutions Inc. | 29,922 | 680 | |
Southern Copper Corp. | 10,838 | 678 | |
Ashland Global Holdings Inc. | 7,147 | 651 | |
Timken Co. | 8,326 | 612 | |
* | Hexcel Corp. | 10,727 | 608 |
W R Grace & Co. | 7,273 | 506 | |
* | Univar Solutions Inc. | 21,197 | 500 |
Westlake Chemical Corp. | 4,226 | 369 | |
NewMarket Corp. | 862 | 301 | |
83,443 | |||
Consumer Discretionary (15.8%) | |||
* | Amazon.com Inc. | 55,368 | 192,171 |
* | Tesla Inc. | 98,939 | 72,791 |
Home Depot Inc. | 137,142 | 44,733 |
Shares | Market Value• ($000) | ||
* | Walt Disney Co. | 231,682 | 42,004 |
* | Netflix Inc. | 55,110 | 31,368 |
Walmart Inc. | 182,897 | 27,087 | |
NIKE Inc. Class B | 158,055 | 26,038 | |
Costco Wholesale Corp. | 56,408 | 25,693 | |
McDonald's Corp. | 95,272 | 22,623 | |
Lowe's Cos. Inc. | 91,535 | 18,663 | |
Starbucks Corp. | 150,243 | 17,652 | |
Target Corp. | 63,399 | 15,658 | |
* | Booking Holdings Inc. | 5,227 | 12,020 |
TJX Cos. Inc. | 153,767 | 11,182 | |
Estee Lauder Cos. Inc. Class A | 29,195 | 9,941 | |
* | General Motors Co. | 175,083 | 8,581 |
Activision Blizzard Inc. | 98,435 | 8,108 | |
* | Uber Technologies Inc. | 205,766 | 8,054 |
Dollar General Corp. | 30,581 | 6,817 | |
* | Chipotle Mexican Grill Inc. Class A | 3,542 | 6,742 |
eBay Inc. | 87,027 | 6,678 | |
* | Ford Motor Co. | 500,041 | 6,516 |
* | Lululemon Athletica Inc. | 14,566 | 5,829 |
Electronic Arts Inc. | 36,669 | 5,325 | |
Ross Stores Inc. | 44,766 | 5,300 | |
* | Aptiv plc | 34,468 | 5,246 |
* | O'Reilly Automotive Inc. | 8,738 | 5,191 |
Yum! Brands Inc. | 37,865 | 4,961 | |
* | Marriott International Inc. Class A | 34,688 | 4,688 |
* | Trade Desk Inc. Class A | 54,742 | 4,382 |
* | Hilton Worldwide Holdings Inc. | 35,002 | 4,370 |
* | AutoZone Inc. | 2,819 | 4,367 |
* | Spotify Technology SA | 17,394 | 4,076 |
DR Horton Inc. | 42,527 | 4,066 | |
Lennar Corp. Class A | 36,017 | 3,865 | |
* | Copart Inc. | 26,597 | 3,838 |
* | Southwest Airlines Co. | 75,167 | 3,742 |
Best Buy Co. Inc. | 31,913 | 3,718 | |
* | Etsy Inc. | 16,165 | 3,496 |
* | Peloton Interactive Inc. Class A | 33,721 | 3,379 |
Garmin Ltd. | 19,347 | 3,375 | |
Yum China Holdings Inc. | 53,742 | 3,308 | |
* | Delta Air Lines Inc. | 81,245 | 3,286 |
* | Carvana Co. Class A | 9,845 | 3,230 |
VF Corp. | 41,278 | 3,157 | |
ViacomCBS Inc. Class B | 74,470 | 3,087 | |
Tractor Supply Co. | 14,686 | 2,853 |
Shares | Market Value• ($000) | ||
* | Wayfair Inc. Class A | 9,620 | 2,701 |
* | Dollar Tree Inc. | 29,570 | 2,677 |
* | Ulta Beauty Inc. | 6,840 | 2,649 |
* | Carnival Corp. | 108,779 | 2,626 |
* | CarMax Inc. | 20,741 | 2,597 |
* | Caesars Entertainment Inc. | 25,475 | 2,589 |
* | Expedia Group Inc. | 17,907 | 2,588 |
Domino's Pizza Inc. | 4,941 | 2,554 | |
* | Burlington Stores Inc. | 8,492 | 2,543 |
Darden Restaurants Inc. | 16,478 | 2,482 | |
Pool Corp. | 4,950 | 2,447 | |
* | Take-Two Interactive Software Inc. | 14,517 | 2,340 |
* | Royal Caribbean Cruises Ltd. | 27,981 | 2,315 |
* | DraftKings Inc. Class A | 38,768 | 2,299 |
MGM Resorts International | 52,143 | 2,222 | |
Genuine Parts Co. | 17,847 | 2,181 | |
* | NVR Inc. | 415 | 2,150 |
Bath & Body Works Inc. | 31,769 | 2,144 | |
Omnicom Group Inc. | 27,007 | 1,977 | |
* | United Airlines Holdings Inc. | 41,333 | 1,922 |
* | LKQ Corp. | 35,762 | 1,884 |
Interpublic Group of Cos. Inc. | 50,541 | 1,882 | |
* | Las Vegas Sands Corp. | 42,185 | 1,882 |
PulteGroup Inc. | 33,388 | 1,798 | |
Williams-Sonoma Inc. | 9,550 | 1,783 | |
Whirlpool Corp. | 7,786 | 1,725 | |
* | Lyft Inc. Class A | 35,780 | 1,704 |
Advance Auto Parts Inc. | 8,351 | 1,694 | |
* | GameStop Corp. Class A | 7,553 | 1,648 |
* | American Airlines Group Inc. | 81,406 | 1,623 |
* | Penn National Gaming Inc. | 19,921 | 1,616 |
Fox Corp. Class A | 42,967 | 1,609 | |
Hasbro Inc. | 16,278 | 1,600 | |
* | Floor & Decor Holdings Inc. Class A | 12,955 | 1,597 |
* | Vail Resorts Inc. | 5,098 | 1,554 |
* | RH | 2,190 | 1,534 |
* | Five Below Inc. | 7,039 | 1,498 |
* | Chegg Inc. | 17,860 | 1,486 |
* | Live Nation Entertainment Inc. | 17,085 | 1,481 |
* | Deckers Outdoor Corp. | 3,537 | 1,480 |
* | Tapestry Inc. | 35,646 | 1,437 |
* | Wynn Resorts Ltd. | 13,602 | 1,383 |
Service Corp. International | 20,828 | 1,307 | |
BorgWarner Inc. (XNYS) | 30,394 | 1,297 | |
* | Liberty Media Corp.-Liberty Formula One Class C | 25,206 | 1,274 |
Lear Corp. | 7,769 | 1,243 | |
* | Norwegian Cruise Line Holdings Ltd. | 47,545 | 1,229 |
Lithia Motors Inc. Class A | 3,697 | 1,225 | |
Newell Brands Inc. | 47,965 | 1,219 | |
Kohl's Corp. | 19,907 | 1,143 | |
Rollins Inc. | 29,265 | 1,139 | |
Dick's Sporting Goods Inc. | 8,058 | 1,135 | |
* | Zynga Inc. Class A | 127,452 | 1,128 |
* | Bright Horizons Family Solutions Inc. | 7,728 | 1,126 |
* | SiteOne Landscape Supply Inc. | 5,591 | 1,119 |
* | Discovery Inc. Class C | 39,927 | 1,102 |
* | YETI Holdings Inc. | 10,890 | 1,082 |
Shares | Market Value• ($000) | ||
New York Times Co. Class A | 21,232 | 1,078 | |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 21,618 | 1,067 |
News Corp. Class A | 47,379 | 1,065 | |
* | Capri Holdings Ltd. | 18,679 | 1,056 |
Tempur Sealy International Inc. | 23,244 | 1,039 | |
Aramark | 28,637 | 996 | |
Nielsen Holdings plc | 45,968 | 986 | |
Churchill Downs Inc. | 4,673 | 984 | |
* | Mattel Inc. | 44,740 | 955 |
* | PVH Corp. | 9,078 | 951 |
Gentex Corp. | 30,425 | 937 | |
Toll Brothers Inc. | 14,604 | 936 | |
* | IAA Inc. | 17,317 | 920 |
* | Alaska Air Group Inc. | 15,850 | 909 |
Polaris Inc. | 7,465 | 894 | |
* | Planet Fitness Inc. Class A | 10,800 | 878 |
Wyndham Hotels & Resorts Inc. | 11,790 | 857 | |
* | Skechers USA Inc. Class A | 16,721 | 843 |
Hanesbrands Inc. | 44,524 | 832 | |
Leggett & Platt Inc. | 16,840 | 815 | |
* | Marriott Vacations Worldwide Corp. | 5,287 | 791 |
Harley-Davidson Inc. | 19,799 | 783 | |
Thor Industries Inc. | 6,726 | 763 | |
AMERCO | 1,133 | 749 | |
Nexstar Media Group Inc. Class A | 4,956 | 742 | |
Sirius XM Holdings Inc. | 114,199 | 716 | |
Ralph Lauren Corp. Class A | 6,156 | 715 | |
* | AutoNation Inc. | 6,456 | 704 |
* | Victoria's Secret & Co. | 10,593 | 702 |
Gap Inc. | 25,670 | 686 | |
* | Terminix Global Holdings Inc. | 16,142 | 672 |
Foot Locker Inc. | 11,396 | 646 | |
* | Boyd Gaming Corp. | 10,455 | 642 |
* | JetBlue Airways Corp. | 41,002 | 620 |
Fox Corp. Class B | 17,305 | 599 | |
* | Ollie's Bargain Outlet Holdings Inc. | 8,272 | 599 |
* | Discovery Inc. Class A | 20,717 | 597 |
Travel + Leisure Co. | 10,850 | 594 | |
* | Under Armour Inc. Class A | 24,765 | 573 |
H&R Block Inc. | 22,271 | 571 | |
Carter's Inc. | 5,446 | 558 | |
Choice Hotels International Inc. | 4,550 | 543 | |
Wendy's Co. | 22,925 | 528 | |
* | Grand Canyon Education Inc. | 5,813 | 518 |
Qurate Retail Inc. Series A | 46,516 | 513 | |
Columbia Sportswear Co. | 4,996 | 510 | |
* | Under Armour Inc. Class C | 25,245 | 506 |
* | frontdoor Inc. | 11,099 | 484 |
* | Sabre Corp. | 41,581 | 467 |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 9,059 | 448 |
* | Madison Square Garden Sports Corp. | 2,408 | 435 |
* | TripAdvisor Inc. | 12,114 | 424 |
* | Six Flags Entertainment Corp. | 9,705 | 410 |
* | Nordstrom Inc. | 14,051 | 402 |
News Corp. Class B | 18,156 | 400 |
Shares | Market Value• ($000) | ||
* | Hyatt Hotels Corp. Class A | 5,183 | 381 |
Penske Automotive Group Inc. | 4,134 | 372 | |
* | Coty Inc. Class A | 36,683 | 358 |
* | QuantumScape Corp. Class A | 14,832 | 326 |
* | Leslie's Inc. | 12,998 | 314 |
* | Copa Holdings SA Class A | 3,981 | 300 |
World Wrestling Entertainment Inc. Class A | 5,546 | 289 | |
* | Playtika Holding Corp. | 9,645 | 255 |
* | Petco Health & Wellness Co. Inc. Class A | 9,630 | 207 |
* | Liberty Media Corp.- Liberty Formula One Class A | 3,686 | 168 |
* | Driven Brands Holdings Inc. | 5,550 | 166 |
ViacomCBS Inc. Class A | 939 | 43 | |
Lennar Corp. Class B | 228 | 20 | |
* | Endeavor Group Holdings Inc. Class A | 159 | 4 |
867,735 | |||
Consumer Staples (4.7%) | |||
Procter & Gamble Co. | 310,697 | 44,240 | |
Coca-Cola Co. | 494,873 | 27,866 | |
PepsiCo Inc. | 176,094 | 27,539 | |
Philip Morris International Inc. | 198,596 | 20,455 | |
CVS Health Corp. | 167,928 | 14,507 | |
Altria Group Inc. | 235,423 | 11,825 | |
Mondelez International Inc. Class A | 177,755 | 11,033 | |
Colgate-Palmolive Co. | 106,496 | 8,301 | |
Kimberly-Clark Corp. | 43,047 | 5,932 | |
Sysco Corp. | 62,238 | 4,957 | |
Walgreens Boots Alliance Inc. | 91,581 | 4,648 | |
* | Monster Beverage Corp. | 47,455 | 4,630 |
General Mills Inc. | 77,911 | 4,504 | |
Kroger Co. | 95,314 | 4,387 | |
Constellation Brands Inc. Class A | 20,652 | 4,360 | |
Archer-Daniels-Midland Co. | 71,179 | 4,271 | |
McKesson Corp. | 20,371 | 4,159 | |
Corteva Inc. | 94,315 | 4,147 | |
Hershey Co. | 18,647 | 3,314 | |
Keurig Dr Pepper Inc. | 89,180 | 3,181 | |
Kraft Heinz Co. | 84,503 | 3,041 | |
Tyson Foods Inc. Class A | 36,604 | 2,874 | |
McCormick & Co. Inc. | 31,812 | 2,745 | |
Clorox Co. | 15,842 | 2,662 | |
Church & Dwight Co. Inc. | 31,273 | 2,616 | |
AmerisourceBergen Corp. Class A | 18,715 | 2,287 | |
Kellogg Co. | 31,829 | 2,010 | |
Conagra Brands Inc. | 59,510 | 1,971 | |
Brown-Forman Corp. Class B | 25,360 | 1,781 | |
J M Smucker Co. | 13,461 | 1,665 | |
Hormel Foods Corp. | 36,212 | 1,649 | |
* | Darling Ingredients Inc. | 20,638 | 1,538 |
Bunge Ltd. | 17,648 | 1,336 | |
Lamb Weston Holdings Inc. | 18,335 | 1,195 | |
Molson Coors Beverage Co. Class B | 23,046 | 1,095 |
Shares | Market Value• ($000) | ||
Campbell Soup Co. | 25,274 | 1,055 | |
Casey's General Stores Inc. | 4,726 | 967 | |
* | U.S. Foods Holding Corp | 27,960 | 951 |
* | Beyond Meat Inc. | 7,309 | 874 |
* | Post Holdings Inc. | 7,377 | 826 |
Ingredion Inc. | 8,496 | 746 | |
* | Herbalife Nutrition Ltd. | 13,663 | 701 |
* | Boston Beer Co. Inc. Class A | 1,185 | 676 |
* | Freshpet Inc. | 5,200 | 666 |
1 | Albertsons Cos. Inc. Class A | 19,508 | 592 |
Flowers Foods Inc. | 23,357 | 564 | |
Spectrum Brands Holdings Inc. | 5,387 | 421 | |
* | Hain Celestial Group Inc. | 10,949 | 410 |
* | Grocery Outlet Holding Corp. | 11,029 | 287 |
Brown-Forman Corp. Class A | 3,709 | 246 | |
* | Pilgrim's Pride Corp. | 6,742 | 188 |
Reynolds Consumer Products Inc. | 6,642 | 188 | |
Seaboard Corp. | 30 | 128 | |
259,207 | |||
Energy (2.4%) | |||
Exxon Mobil Corp. | 540,062 | 29,444 | |
Chevron Corp. | 246,717 | 23,875 | |
ConocoPhillips | 171,870 | 9,544 | |
EOG Resources Inc. | 74,525 | 5,032 | |
Schlumberger NV | 177,283 | 4,971 | |
Marathon Petroleum Corp. | 83,283 | 4,936 | |
Pioneer Natural Resources Co. | 27,569 | 4,126 | |
Kinder Morgan Inc. | 248,436 | 4,042 | |
Phillips 66 | 55,873 | 3,972 | |
Williams Cos. Inc. | 155,219 | 3,832 | |
Valero Energy Corp. | 52,115 | 3,456 | |
ONEOK Inc. | 56,648 | 2,975 | |
* | Enphase Energy Inc. | 16,844 | 2,926 |
Occidental Petroleum Corp. | 107,215 | 2,754 | |
* | Cheniere Energy Inc. | 29,961 | 2,620 |
Devon Energy Corp. | 86,095 | 2,544 | |
Hess Corp. | 35,277 | 2,425 | |
Halliburton Co. | 112,983 | 2,257 | |
Baker Hughes Co. Class A | 93,989 | 2,141 | |
Diamondback Energy Inc. | 23,044 | 1,778 | |
* | Plug Power Inc. | 63,916 | 1,666 |
* | First Solar Inc. | 13,503 | 1,269 |
Targa Resources Corp. | 28,650 | 1,258 | |
Marathon Oil Corp. | 98,858 | 1,162 | |
Texas Pacific Land Corp. | 739 | 1,005 | |
APA Corp. | 48,821 | 951 | |
Cimarex Energy Co. | 12,563 | 807 | |
Cabot Oil & Gas Corp. | 50,478 | 802 | |
* | NOV Inc. | 50,467 | 665 |
* | EQT Corp. | 34,997 | 641 |
HollyFrontier Corp. | 19,534 | 632 | |
* | DTE Midstream LLC | 12,364 | 575 |
Antero Midstream Corp. | 42,890 | 412 | |
* | Shoals Technologies Group Inc. Class A | 12,236 | 399 |
*,1 | ChargePoint Holdings Inc. | 16,905 | 358 |
Continental Resources Inc. | 8,214 | 323 |
Shares | Market Value• ($000) | ||
New Fortress Energy Inc. Class A | 3,364 | 99 | |
132,674 | |||
Financials (10.9%) | |||
* | Berkshire Hathaway Inc. Class B | 239,329 | 68,393 |
JPMorgan Chase & Co. | 383,552 | 61,349 | |
Bank of America Corp. | 961,150 | 40,128 | |
Wells Fargo & Co. | 527,725 | 24,117 | |
Citigroup Inc. | 263,714 | 18,964 | |
Morgan Stanley | 177,041 | 18,488 | |
Goldman Sachs Group Inc. | 42,016 | 17,374 | |
BlackRock Inc. | 18,226 | 17,192 | |
Charles Schwab Corp. | 199,819 | 14,557 | |
S&P Global Inc. | 30,731 | 13,639 | |
Blackstone Inc. | 86,848 | 10,919 | |
Chubb Ltd. | 57,099 | 10,502 | |
PNC Financial Services Group Inc. | 54,171 | 10,352 | |
Marsh & McLennan Cos. Inc. | 64,757 | 10,180 | |
U.S. Bancorp | 171,290 | 9,830 | |
Truist Financial Corp. | 171,398 | 9,780 | |
CME Group Inc. | 45,724 | 9,223 | |
Intercontinental Exchange Inc. | 70,946 | 8,480 | |
Aon plc Class A | 28,508 | 8,178 | |
Moody's Corp. | 20,701 | 7,882 | |
Progressive Corp. | 74,484 | 7,176 | |
MSCI Inc. Class A | 10,206 | 6,477 | |
T Rowe Price Group Inc. | 28,667 | 6,418 | |
American International Group Inc. | 109,738 | 5,987 | |
MetLife Inc. | 94,783 | 5,877 | |
Bank of New York Mellon Corp. | 102,418 | 5,656 | |
Prudential Financial Inc. | 50,344 | 5,330 | |
Travelers Cos. Inc. | 32,145 | 5,134 | |
Allstate Corp. | 37,800 | 5,114 | |
Discover Financial Services | 38,934 | 4,992 | |
Aflac Inc. | 86,023 | 4,876 | |
KKR & Co. Inc. | 70,001 | 4,500 | |
First Republic Bank | 22,377 | 4,452 | |
* | SVB Financial Group | 7,408 | 4,145 |
State Street Corp. | 44,342 | 4,120 | |
Ameriprise Financial Inc. | 14,905 | 4,068 | |
Arthur J Gallagher & Co. | 25,730 | 3,695 | |
Willis Towers Watson plc | 16,434 | 3,627 | |
Fifth Third Bancorp | 89,197 | 3,466 | |
Northern Trust Corp. | 26,213 | 3,107 | |
Hartford Financial Services Group Inc. | 45,487 | 3,058 | |
Huntington Bancshares Inc. | 185,767 | 2,885 | |
Nasdaq Inc. | 14,535 | 2,846 | |
Broadridge Financial Solutions Inc. | 14,641 | 2,521 | |
Ally Financial Inc. | 47,247 | 2,499 | |
Regions Financial Corp. | 121,943 | 2,491 | |
KeyCorp | 122,522 | 2,490 | |
Citizens Financial Group Inc. | 53,851 | 2,358 | |
Cincinnati Financial Corp. | 19,018 | 2,347 | |
Principal Financial Group Inc. | 34,146 | 2,281 | |
M&T Bank Corp. | 16,248 | 2,275 | |
MarketAxess Holdings Inc. | 4,765 | 2,268 |
Shares | Market Value• ($000) | ||
Raymond James Financial Inc. | 15,646 | 2,189 | |
* | Markel Corp. | 1,711 | 2,173 |
* | Arch Capital Group Ltd. | 49,504 | 2,035 |
Signature Bank | 7,140 | 1,852 | |
FactSet Research Systems Inc. | 4,821 | 1,833 | |
Brown & Brown Inc. | 29,699 | 1,724 | |
Cboe Global Markets Inc. | 13,546 | 1,709 | |
Fidelity National Financial Inc. | 34,754 | 1,697 | |
Lincoln National Corp. | 24,040 | 1,650 | |
Loews Corp. | 28,185 | 1,575 | |
Annaly Capital Management Inc. | 177,034 | 1,538 | |
Equitable Holdings Inc. | 48,798 | 1,513 | |
LPL Financial Holdings Inc. | 10,160 | 1,502 | |
Everest Re Group Ltd. | 5,149 | 1,364 | |
Apollo Global Management Inc. Class A | 22,677 | 1,356 | |
Ares Management Corp. Class A | 17,522 | 1,352 | |
Comerica Inc. | 18,034 | 1,333 | |
W R Berkley Corp. | 17,481 | 1,316 | |
East West Bancorp Inc. | 17,770 | 1,303 | |
Assurant Inc. | 7,562 | 1,286 | |
Globe Life Inc. | 12,875 | 1,237 | |
Western Alliance Bancorp | 12,651 | 1,234 | |
Zions Bancorp NA | 21,019 | 1,217 | |
American Financial Group Inc. | 8,654 | 1,194 | |
Franklin Resources Inc. | 36,567 | 1,186 | |
First Horizon Corp. | 71,076 | 1,165 | |
Tradeweb Markets Inc. Class A | 13,394 | 1,165 | |
* | Alleghany Corp. | 1,705 | 1,154 |
AGNC Investment Corp. | 67,046 | 1,094 | |
Invesco Ltd. | 42,516 | 1,077 | |
Carlyle Group Inc. | 20,647 | 1,020 | |
Jefferies Financial Group Inc. | 27,269 | 1,008 | |
* | Athene Holding Ltd. Class A | 14,897 | 998 |
Reinsurance Group of America Inc. | 8,464 | 980 | |
Voya Financial Inc. | 14,991 | 974 | |
RenaissanceRe Holdings Ltd. | 6,186 | 970 | |
First American Financial Corp. | 13,550 | 956 | |
Old Republic International Corp. | 36,703 | 954 | |
Janus Henderson Group plc | 21,659 | 939 | |
Pinnacle Financial Partners Inc. | 9,628 | 933 | |
Commerce Bancshares Inc. | 13,147 | 930 | |
Starwood Property Trust Inc. | 35,741 | 922 | |
People's United Financial Inc. | 55,186 | 907 | |
Affiliated Managers Group Inc. | 5,285 | 899 | |
Stifel Financial Corp. | 12,961 | 896 | |
SEI Investments Co. | 13,840 | 869 | |
Cullen/Frost Bankers Inc. | 7,411 | 846 | |
Prosperity Bancshares Inc. | 11,656 | 815 |
Shares | Market Value• ($000) | ||
Morningstar Inc. | 3,029 | 812 | |
Synovus Financial Corp. | 18,817 | 811 | |
Popular Inc. | 10,388 | 789 | |
Primerica Inc. | 5,099 | 780 | |
SLM Corp. | 40,992 | 769 | |
OneMain Holdings Inc. | 13,233 | 765 | |
New York Community Bancorp Inc. | 58,404 | 731 | |
Evercore Inc. Class A | 5,118 | 715 | |
Unum Group | 26,538 | 706 | |
* | Credit Acceptance Corp. | 1,173 | 680 |
Interactive Brokers Group Inc. Class A | 10,476 | 677 | |
First Citizens BancShares Inc. Class A | 751 | 674 | |
MGIC Investment Corp. | 43,466 | 664 | |
PacWest Bancorp | 15,433 | 657 | |
Bank OZK | 15,434 | 655 | |
Hanover Insurance Group Inc. | 4,387 | 620 | |
Lazard Ltd. Class A | 12,919 | 612 | |
Webster Financial Corp. | 11,742 | 593 | |
New Residential Investment Corp. | 54,058 | 590 | |
Erie Indemnity Co. Class A | 3,278 | 581 | |
* | Brighthouse Financial Inc. | 11,304 | 553 |
Wintrust Financial Corp. | 7,390 | 553 | |
Kemper Corp. | 8,020 | 550 | |
Umpqua Holdings Corp. | 28,032 | 546 | |
Sterling Bancorp | 23,280 | 533 | |
Axis Capital Holdings Ltd. | 9,741 | 498 | |
FNB Corp. | 42,454 | 496 | |
First Hawaiian Inc. | 16,605 | 463 | |
Assured Guaranty Ltd. | 8,900 | 444 | |
Bank of Hawaii Corp. | 5,230 | 438 | |
White Mountains Insurance Group Ltd. | 378 | 424 | |
*,1 | Lemonade Inc. | 4,877 | 368 |
BOK Financial Corp. | 4,021 | 354 | |
* | Upstart Holdings Inc. | 1,458 | 334 |
Santander Consumer USA Holdings Inc. | 7,520 | 314 | |
Rocket Cos. Inc. Class A | 17,221 | 299 | |
Virtu Financial Inc. Class A | 11,773 | 288 | |
Mercury General Corp. | 3,353 | 200 | |
CNA Financial Corp. | 3,430 | 152 | |
TFS Financial Corp. | 6,113 | 122 | |
UWM Holdings Corp. | 5,536 | 41 | |
* | GoHealth Inc. Class A | 5,791 | 28 |
600,781 | |||
Health Care (12.7%) | |||
Johnson & Johnson | 336,152 | 58,198 | |
UnitedHealth Group Inc. | 120,033 | 49,966 | |
Pfizer Inc. | 712,396 | 32,820 | |
Abbott Laboratories | 221,441 | 27,984 | |
Eli Lilly & Co. | 108,155 | 27,935 | |
Thermo Fisher Scientific Inc. | 50,120 | 27,814 | |
AbbVie Inc. | 225,318 | 27,214 | |
Danaher Corp. | 80,901 | 26,225 | |
Merck & Co. Inc. | 323,255 | 24,661 | |
Medtronic plc | 171,326 | 22,869 | |
Bristol-Myers Squibb Co. | 284,955 | 19,052 | |
Amgen Inc. | 73,283 | 16,528 | |
* | Moderna Inc. | 43,140 | 16,250 |
* | Intuitive Surgical Inc. | 15,058 | 15,865 |
Zoetis Inc. | 60,574 | 12,391 |
Shares | Market Value• ($000) | ||
Stryker Corp. | 44,503 | 12,332 | |
Anthem Inc. | 31,259 | 11,726 | |
Gilead Sciences Inc. | 159,757 | 11,627 | |
Becton Dickinson and Co. | 36,843 | 9,273 | |
* | Edwards Lifesciences Corp. | 78,770 | 9,230 |
Cigna Corp. | 43,523 | 9,212 | |
* | Regeneron Pharmaceuticals Inc. | 12,798 | 8,618 |
* | Illumina Inc. | 18,573 | 8,491 |
HCA Healthcare Inc. | 33,170 | 8,391 | |
* | Boston Scientific Corp. | 180,808 | 8,163 |
* | IDEXX Laboratories Inc. | 10,771 | 7,257 |
* | Align Technology Inc. | 10,001 | 7,091 |
Agilent Technologies Inc. | 38,786 | 6,806 | |
Humana Inc. | 16,433 | 6,662 | |
* | Vertex Pharmaceuticals Inc. | 33,109 | 6,631 |
* | DexCom Inc. | 12,318 | 6,521 |
* | Biogen Inc. | 19,144 | 6,488 |
* | IQVIA Holdings Inc. | 24,331 | 6,320 |
* | Veeva Systems Inc. Class A | 17,494 | 5,808 |
ResMed Inc. | 18,381 | 5,340 | |
Baxter International Inc. | 64,245 | 4,897 | |
* | Centene Corp. | 73,923 | 4,656 |
West Pharmaceutical Services Inc. | 9,394 | 4,243 | |
Zimmer Biomet Holdings Inc. | 26,661 | 4,011 | |
* | Laboratory Corp. of America Holdings | 12,458 | 3,780 |
* | Alnylam Pharmaceuticals Inc. | 14,995 | 3,020 |
* | Horizon Therapeutics plc | 27,865 | 3,012 |
Cerner Corp. | 38,540 | 2,943 | |
* | Avantor Inc. | 74,169 | 2,925 |
* | Seagen Inc. | 17,007 | 2,850 |
* | Charles River Laboratories International Inc. | 6,364 | 2,825 |
Cooper Cos. Inc. | 6,184 | 2,787 | |
* | Teladoc Health Inc. | 18,707 | 2,702 |
STERIS plc | 12,541 | 2,696 | |
* | Catalent Inc. | 20,566 | 2,683 |
PerkinElmer Inc. | 14,306 | 2,644 | |
* | Hologic Inc. | 32,358 | 2,561 |
Quest Diagnostics Inc. | 16,612 | 2,539 | |
* | Insulet Corp. | 8,401 | 2,502 |
Bio-Techne Corp. | 4,944 | 2,468 | |
Teleflex Inc. | 5,925 | 2,343 | |
* | Exact Sciences Corp. | 21,789 | 2,274 |
Viatris Inc. | 153,797 | 2,250 | |
* | Novavax Inc. | 9,428 | 2,249 |
* | Bio-Rad Laboratories Inc. Class A | 2,694 | 2,168 |
* | ABIOMED Inc. | 5,625 | 2,047 |
* | Repligen Corp. | 7,000 | 1,981 |
* | Molina Healthcare Inc. | 7,355 | 1,977 |
* | BioMarin Pharmaceutical Inc. | 23,222 | 1,956 |
Cardinal Health Inc. | 36,971 | 1,941 | |
* | Elanco Animal Health Inc. (XNYS) | 56,772 | 1,895 |
* | 10X Genomics Inc. Class A | 10,648 | 1,873 |
* | Incyte Corp. | 23,383 | 1,789 |
* | Novocure Ltd. | 13,037 | 1,750 |
* | Masimo Corp. | 6,375 | 1,731 |
DENTSPLY SIRONA Inc. | 27,701 | 1,709 | |
* | QIAGEN NV | 28,937 | 1,615 |
Shares | Market Value• ($000) | ||
Royalty Pharma plc Class A | 41,650 | 1,610 | |
Universal Health Services Inc. Class B | 9,554 | 1,488 | |
* | Guardant Health Inc. | 11,454 | 1,458 |
* | Henry Schein Inc. | 17,885 | 1,352 |
Hill-Rom Holdings Inc. | 8,592 | 1,251 | |
* | Natera Inc. | 10,479 | 1,241 |
* | United Therapeutics Corp. | 5,690 | 1,223 |
* | Syneos Health Inc. | 12,836 | 1,191 |
* | Penumbra Inc. | 4,267 | 1,173 |
* | DaVita Inc. | 8,933 | 1,168 |
Bruker Corp. | 13,016 | 1,149 | |
* | Neurocrine Biosciences Inc. | 11,876 | 1,131 |
Organon & Co. | 32,264 | 1,093 | |
* | Jazz Pharmaceuticals plc | 7,605 | 1,002 |
Encompass Health Corp. | 12,167 | 955 | |
Chemed Corp. | 1,998 | 952 | |
* | PPD Inc. | 20,398 | 945 |
* | Acceleron Pharma Inc. | 6,728 | 901 |
* | Tandem Diabetes Care Inc. | 7,872 | 883 |
* | Envista Holdings Corp. | 20,599 | 881 |
* | Mirati Therapeutics Inc. | 4,984 | 846 |
* | Globus Medical Inc. Class A | 9,709 | 792 |
* | Ultragenyx Pharmaceutical Inc. | 8,187 | 788 |
* | Exelixis Inc. | 40,072 | 768 |
* | Sarepta Therapeutics Inc. | 9,757 | 762 |
* | Acadia Healthcare Co. Inc. | 11,466 | 758 |
* | Amedisys Inc. | 4,128 | 757 |
* | Ionis Pharmaceuticals Inc. | 18,271 | 726 |
* | Integra LifeSciences Holdings Corp. | 9,240 | 695 |
Perrigo Co. plc | 16,555 | 678 | |
* | Quidel Corp. | 4,847 | 625 |
* | Oak Street Health Inc. | 13,109 | 613 |
Premier Inc. Class A | 15,275 | 568 | |
* | Maravai LifeSciences Holdings Inc. Class A | 9,568 | 566 |
* | ICU Medical Inc. | 2,531 | 505 |
* | Adaptive Biotechnologies Corp. | 13,734 | 499 |
* | Iovance Biotherapeutics Inc. | 18,502 | 445 |
*,1 | CureVac NV | 6,764 | 445 |
* | Nektar Therapeutics Class A | 22,423 | 347 |
* | Sage Therapeutics Inc. | 6,546 | 303 |
* | Sotera Health Co. | 9,974 | 244 |
* | agilon health Inc. | 6,372 | 223 |
* | Certara Inc. | 4,214 | 141 |
* | Signify Health Inc. Class A | 2,826 | 73 |
AstraZeneca plc ADR | 1 | — | |
700,265 | |||
Industrials (13.6%) | |||
Visa Inc. Class A | 215,980 | 49,481 | |
* | PayPal Holdings Inc. | 149,819 | 43,247 |
Mastercard Inc. Class A | 111,635 | 38,651 | |
Accenture plc Class A | 81,088 | 27,291 | |
Honeywell International Inc. | 88,719 | 20,575 | |
Union Pacific Corp. | 84,774 | 18,382 | |
United Parcel Service Inc. Class B | 92,329 | 18,062 | |
Raytheon Technologies Corp. | 193,071 | 16,365 |
Shares | Market Value• ($000) | ||
* | Boeing Co. | 68,290 | 14,990 |
Caterpillar Inc. | 69,877 | 14,735 | |
General Electric Co. | 139,258 | 14,679 | |
3M Co. | 73,801 | 14,372 | |
American Express Co. | 83,149 | 13,799 | |
Deere & Co. | 35,938 | 13,586 | |
* | Square Inc. Class A | 49,802 | 13,350 |
Lockheed Martin Corp. | 31,608 | 11,373 | |
Automatic Data Processing Inc. | 54,255 | 11,341 | |
Fidelity National Information Services Inc. | 79,056 | 10,101 | |
Capital One Financial Corp. | 57,051 | 9,469 | |
Sherwin-Williams Co. | 31,122 | 9,451 | |
CSX Corp. | 287,963 | 9,367 | |
Illinois Tool Works Inc. | 40,068 | 9,330 | |
* | Fiserv Inc. | 76,370 | 8,996 |
Eaton Corp. plc | 50,577 | 8,515 | |
FedEx Corp. | 31,230 | 8,298 | |
Norfolk Southern Corp. | 31,884 | 8,084 | |
Emerson Electric Co. | 76,007 | 8,019 | |
Northrop Grumman Corp. | 19,218 | 7,066 | |
Johnson Controls International plc | 91,487 | 6,843 | |
General Dynamics Corp. | 32,145 | 6,439 | |
Carrier Global Corp. | 111,099 | 6,399 | |
L3Harris Technologies Inc. | 26,122 | 6,087 | |
Global Payments Inc. | 37,369 | 6,078 | |
Trane Technologies plc | 30,502 | 6,055 | |
IHS Markit Ltd. | 47,512 | 5,730 | |
Otis Worldwide Corp. | 54,886 | 5,062 | |
DuPont de Nemours Inc. | 68,064 | 5,038 | |
Parker-Hannifin Corp. | 16,427 | 4,873 | |
Rockwell Automation Inc. | 14,816 | 4,822 | |
PPG Industries Inc. | 30,125 | 4,806 | |
Paychex Inc. | 40,893 | 4,681 | |
* | Mettler-Toledo International Inc. | 2,928 | 4,547 |
Cintas Corp. | 11,381 | 4,504 | |
Cummins Inc. | 18,629 | 4,396 | |
* | Keysight Technologies Inc. | 23,687 | 4,249 |
Equifax Inc. | 15,485 | 4,216 | |
Verisk Analytics Inc. Class A | 20,280 | 4,092 | |
* | TransDigm Group Inc. | 6,604 | 4,012 |
AMETEK Inc. | 29,459 | 4,006 | |
* | Zebra Technologies Corp. Class A | 6,789 | 3,986 |
Stanley Black & Decker Inc. | 20,601 | 3,982 | |
Ball Corp. | 41,025 | 3,937 | |
Old Dominion Freight Line Inc. | 13,018 | 3,759 | |
Synchrony Financial | 74,038 | 3,683 | |
PACCAR Inc. | 43,424 | 3,555 | |
* | Generac Holdings Inc. | 7,813 | 3,414 |
* | United Rentals Inc. | 9,235 | 3,257 |
Kansas City Southern | 11,573 | 3,248 | |
* | Waters Corp. | 7,783 | 3,222 |
Dover Corp. | 18,273 | 3,186 | |
Vulcan Materials Co. | 16,840 | 3,131 | |
Xylem Inc. | 22,729 | 3,098 | |
Fortive Corp. | 41,638 | 3,076 | |
Martin Marietta Materials Inc. | 7,922 | 3,020 | |
* | Trimble Inc. | 31,793 | 2,996 |
TransUnion | 24,364 | 2,961 |
Shares | Market Value• ($000) | ||
* | FleetCor Technologies Inc. | 10,420 | 2,743 |
* | Teledyne Technologies Inc. | 5,798 | 2,687 |
Expeditors International of Washington Inc. | 21,456 | 2,674 | |
* | Bill.Com Holdings Inc. | 9,511 | 2,610 |
WW Grainger Inc. | 5,924 | 2,569 | |
* | Ingersoll Rand Inc. | 47,815 | 2,535 |
Amcor plc | 196,766 | 2,528 | |
Jacobs Engineering Group Inc. | 16,359 | 2,208 | |
IDEX Corp. | 9,666 | 2,165 | |
Textron Inc. | 28,727 | 2,088 | |
Westinghouse Air Brake Technologies Corp. | 23,019 | 2,067 | |
Masco Corp. | 32,127 | 1,951 | |
Cognex Corp. | 21,708 | 1,924 | |
JB Hunt Transport Services Inc. | 10,706 | 1,899 | |
Quanta Services Inc. | 17,867 | 1,824 | |
Crown Holdings Inc. | 16,525 | 1,814 | |
Packaging Corp. of America | 11,862 | 1,799 | |
Nordson Corp. | 7,468 | 1,782 | |
Westrock Co. | 32,835 | 1,709 | |
Fortune Brands Home & Security Inc. | 17,518 | 1,706 | |
Graco Inc. | 21,408 | 1,679 | |
Jack Henry & Associates Inc. | 9,391 | 1,656 | |
Allegion plc | 11,415 | 1,644 | |
* | Trex Co. Inc. | 14,754 | 1,619 |
* | Fair Isaac Corp. | 3,510 | 1,614 |
Pentair plc | 20,750 | 1,601 | |
Howmet Aerospace Inc. | 49,724 | 1,579 | |
Toro Co. | 13,877 | 1,526 | |
Snap-on Inc. | 6,728 | 1,513 | |
CH Robinson Worldwide Inc. | 16,664 | 1,501 | |
* | Axon Enterprise Inc. | 8,205 | 1,492 |
Hubbell Inc. Class B | 7,021 | 1,447 | |
Lennox International Inc. | 4,318 | 1,447 | |
Booz Allen Hamilton Holding Corp. Class A | 17,499 | 1,433 | |
* | Mohawk Industries Inc. | 7,226 | 1,429 |
Robert Half International Inc. | 13,740 | 1,421 | |
* | Builders FirstSource Inc. | 26,079 | 1,390 |
Carlisle Cos. Inc. | 6,499 | 1,370 | |
RPM International Inc. | 16,055 | 1,321 | |
* | StoneCo. Ltd. Class A | 28,249 | 1,315 |
* | Middleby Corp. | 6,908 | 1,264 |
Owens Corning | 13,200 | 1,261 | |
* | Paylocity Holding Corp. | 4,661 | 1,255 |
A O Smith Corp. | 17,168 | 1,248 | |
Genpact Ltd. | 23,273 | 1,207 | |
Sealed Air Corp. | 19,419 | 1,185 | |
Watsco Inc. | 4,234 | 1,179 | |
* | Berry Global Group Inc. | 17,515 | 1,176 |
* | Sensata Technologies Holding plc | 19,814 | 1,173 |
* | AECOM | 17,456 | 1,144 |
AptarGroup Inc. | 8,364 | 1,127 | |
Donaldson Co. Inc. | 16,383 | 1,110 | |
HEICO Corp. Class A | 9,699 | 1,108 | |
Western Union Co. | 51,074 | 1,105 | |
AGCO Corp. | 7,899 | 1,087 | |
* | XPO Logistics Inc. | 12,358 | 1,074 |
MKS Instruments Inc. | 7,131 | 1,050 |
Shares | Market Value• ($000) | ||
Knight-Swift Transportation Holdings Inc. | 20,199 | 1,049 | |
* | WEX Inc. | 5,695 | 1,045 |
Lincoln Electric Holdings Inc. | 7,421 | 1,036 | |
ITT Inc. | 10,750 | 1,028 | |
Huntington Ingalls Industries Inc. | 4,996 | 1,020 | |
* | GXO Logistics Inc. | 12,358 | 1,011 |
Oshkosh Corp. | 8,816 | 1,010 | |
Brunswick Corp. | 9,732 | 943 | |
* | TopBuild Corp. | 4,200 | 919 |
Woodward Inc. | 7,391 | 894 | |
Littelfuse Inc. | 3,077 | 878 | |
* | Euronet Worldwide Inc. | 6,504 | 867 |
Sonoco Products Co. | 13,007 | 849 | |
Landstar System Inc. | 4,986 | 838 | |
Eagle Materials Inc. | 5,331 | 836 | |
ManpowerGroup Inc. | 6,882 | 836 | |
Louisiana-Pacific Corp. | 12,914 | 819 | |
Advanced Drainage Systems Inc. | 7,159 | 817 | |
MDU Resources Group Inc. | 25,221 | 811 | |
Acuity Brands Inc. | 4,392 | 810 | |
* | Coherent Inc. | 3,152 | 796 |
* | Axalta Coating Systems Ltd. | 25,979 | 793 |
Vontier Corp. | 21,495 | 782 | |
Regal Beloit Corp. | 5,213 | 779 | |
MSA Safety Inc. | 4,745 | 773 | |
* | Colfax Corp. | 15,735 | 758 |
HEICO Corp. | 5,778 | 733 | |
nVent Electric plc | 21,120 | 726 | |
Graphic Packaging Holding Co. | 35,027 | 719 | |
BWX Technologies Inc. | 12,473 | 716 | |
Valmont Industries Inc. | 2,641 | 657 | |
* | MasTec Inc. | 7,117 | 651 |
Flowserve Corp. | 16,599 | 645 | |
Crane Co. | 6,317 | 643 | |
Armstrong World Industries Inc. | 5,980 | 622 | |
Curtiss-Wright Corp. | 5,000 | 609 | |
Alliance Data Systems Corp. | 6,153 | 604 | |
* | FTI Consulting Inc. | 4,222 | 590 |
* | AZEK Co. Inc. Class A | 13,603 | 578 |
Ryder System Inc. | 6,733 | 535 | |
Air Lease Corp. Class A | 13,415 | 533 | |
Spirit AeroSystems Holdings Inc. Class A | 13,411 | 526 | |
Allison Transmission Holdings Inc. | 13,728 | 508 | |
* | Virgin Galactic Holdings Inc. | 18,314 | 497 |
MSC Industrial Direct Co. Inc. Class A | 5,853 | 493 | |
* | Shift4 Payments Inc. Class A | 5,482 | 470 |
Silgan Holdings Inc. | 10,340 | 439 | |
* | Kirby Corp. | 7,789 | 417 |
* | Mercury Systems Inc. | 6,886 | 347 |
* | Paysafe Ltd. | 39,173 | 331 |
* | TuSimple Holdings Inc. Class A | 4,551 | 191 |
ADT Inc. | 21,060 | 180 | |
* | Gates Industrial Corp. plc | 10,339 | 169 |
Shares | Market Value• ($000) | ||
Schneider National Inc. Class B | 7,250 | 163 | |
* | Diversey Holdings Ltd. | 6,514 | 114 |
* | Hayward Holdings Inc. | 4,858 | 102 |
Ardagh Group SA | 2,021 | 53 | |
* | Marqeta Inc. Class A | 298 | 9 |
746,020 | |||
Real Estate (3.3%) | |||
American Tower Corp. | 57,564 | 16,819 | |
Prologis Inc. | 93,959 | 12,653 | |
Crown Castle International Corp. | 54,911 | 10,691 | |
Equinix Inc. | 11,360 | 9,582 | |
Public Storage | 19,231 | 6,223 | |
Digital Realty Trust Inc. | 35,790 | 5,866 | |
Simon Property Group Inc. | 41,655 | 5,601 | |
SBA Communications Corp. Class A | 13,823 | 4,962 | |
Welltower Inc. | 53,249 | 4,661 | |
* | CoStar Group Inc. | 49,880 | 4,227 |
* | CBRE Group Inc. Class A | 42,637 | 4,106 |
AvalonBay Communities Inc. | 17,733 | 4,071 | |
Equity Residential | 46,904 | 3,943 | |
Alexandria Real Estate Equities Inc. | 18,602 | 3,839 | |
Weyerhaeuser Co. | 95,566 | 3,440 | |
Realty Income Corp. | 47,421 | 3,425 | |
Extra Space Storage Inc. | 16,766 | 3,134 | |
Invitation Homes Inc. | 71,844 | 2,959 | |
Sun Communities Inc. | 14,125 | 2,846 | |
Mid-America Apartment Communities Inc. | 14,388 | 2,768 | |
Essex Property Trust Inc. | 8,237 | 2,724 | |
Ventas Inc. | 47,588 | 2,662 | |
Duke Realty Corp. | 47,982 | 2,520 | |
Healthpeak Properties Inc. | 68,095 | 2,451 | |
Boston Properties Inc. | 19,776 | 2,235 | |
VICI Properties Inc. | 68,591 | 2,120 | |
UDR Inc. | 38,011 | 2,053 | |
* | Zillow Group Inc. Class C | 20,883 | 2,000 |
Equity LifeStyle Properties Inc. | 21,883 | 1,862 | |
Camden Property Trust | 11,887 | 1,784 | |
WP Carey Inc. | 22,781 | 1,780 | |
Iron Mountain Inc. | 36,922 | 1,763 | |
Kimco Realty Corp. | 75,265 | 1,640 | |
* | Jones Lang LaSalle Inc. | 6,502 | 1,576 |
Medical Properties Trust Inc. | 73,993 | 1,515 | |
* | Host Hotels & Resorts Inc. | 89,309 | 1,479 |
American Homes 4 Rent Class A | 35,174 | 1,475 | |
Regency Centers Corp. | ���21,369 | 1,466 | |
VEREIT Inc. | 28,975 | 1,464 | |
Gaming and Leisure Properties Inc. | 28,236 | 1,392 | |
CubeSmart | 25,323 | 1,355 | |
Lamar Advertising Co. Class A | 10,758 | 1,225 | |
Federal Realty Investment Trust | 9,939 | 1,210 | |
CyrusOne Inc. | 15,638 | 1,204 | |
Life Storage Inc. | 9,636 | 1,199 | |
Americold Realty Trust | 32,071 | 1,178 | |
STORE Capital Corp. | 31,506 | 1,136 |
Shares | Market Value• ($000) | ||
National Retail Properties Inc. | 22,356 | 1,064 | |
Rexford Industrial Realty Inc. | 16,999 | 1,053 | |
Apartment Income REIT Corp. | 20,319 | 1,033 | |
Omega Healthcare Investors Inc. | 30,193 | 1,012 | |
Kilroy Realty Corp. | 14,795 | 971 | |
Vornado Realty Trust | 22,592 | 946 | |
First Industrial Realty Trust Inc. | 16,510 | 924 | |
Brixmor Property Group Inc. | 38,473 | 902 | |
American Campus Communities Inc. | 17,324 | 881 | |
Healthcare Trust of America Inc. Class A | 28,367 | 860 | |
CoreSite Realty Corp. | 5,520 | 819 | |
* | Opendoor Technologies Inc. | 44,009 | 780 |
Spirit Realty Capital Inc. | 14,822 | 767 | |
Cousins Properties Inc. | 19,306 | 744 | |
* | Zillow Group Inc. Class A | 7,631 | 730 |
Douglas Emmett Inc. | 21,777 | 719 | |
SL Green Realty Corp. | 9,123 | 639 | |
Rayonier Inc. | 17,249 | 634 | |
Highwoods Properties Inc. | 13,122 | 600 | |
* | Park Hotels & Resorts Inc. | 30,090 | 576 |
EPR Properties | 9,301 | 472 | |
Hudson Pacific Properties Inc. | 17,868 | 471 | |
JBG SMITH Properties | 15,553 | 469 | |
* | Howard Hughes Corp. | 5,053 | 458 |
180,808 | |||
Technology (29.3%) | |||
Apple Inc. | 2,002,823 | 304,089 | |
Microsoft Corp. | 961,450 | 290,242 | |
* | Facebook Inc. Class A | 305,241 | 115,802 |
* | Alphabet Inc. Class A | 38,576 | 111,637 |
* | Alphabet Inc. Class C | 35,988 | 104,698 |
NVIDIA Corp. | 305,066 | 68,289 | |
* | Adobe Inc. | 60,932 | 40,441 |
* | salesforce.com Inc. | 117,949 | 31,288 |
Intel Corp. | 515,875 | 27,888 | |
Broadcom Inc. | 50,850 | 25,283 | |
Texas Instruments Inc. | 117,685 | 22,467 | |
QUALCOMM Inc. | 143,899 | 21,109 | |
Oracle Corp. | 222,055 | 19,792 | |
Intuit Inc. | 32,513 | 18,406 | |
* | Advanced Micro Devices Inc. | 154,399 | 17,095 |
* | ServiceNow Inc. | 25,130 | 16,175 |
International Business Machines Corp. | 114,014 | 16,001 | |
Applied Materials Inc. | 116,735 | 15,774 | |
Analog Devices Inc. | 68,421 | 11,149 | |
Lam Research Corp. | 18,156 | 10,981 | |
Micron Technology Inc. | 142,892 | 10,531 | |
* | Autodesk Inc. | 28,072 | 8,705 |
* | Zoom Video Communications Inc. Class A | 27,211 | 7,878 |
NXP Semiconductors NV | 35,232 | 7,579 | |
* | Twilio Inc. Class A | 20,632 | 7,365 |
* | DocuSign Inc. Class A | 24,214 | 7,173 |
KLA Corp. | 19,595 | 6,661 | |
Roper Technologies Inc. | 13,396 | 6,474 |
Shares | Market Value• ($000) | ||
* | Workday Inc. Class A | 23,618 | 6,451 |
* | Synopsys Inc. | 19,404 | 6,447 |
* | Twitter Inc. | 99,658 | 6,428 |
Marvell Technology Inc. | 103,112 | 6,309 | |
* | Atlassian Corp. plc Class A | 16,878 | 6,195 |
* | Crowdstrike Holdings Inc. Class A | 20,520 | 5,766 |
* | Cadence Design Systems Inc. | 35,136 | 5,744 |
Amphenol Corp. Class A | 74,588 | 5,716 | |
* | Palo Alto Networks Inc. | 12,069 | 5,564 |
* | Palantir Technologies Inc. Class A | 207,572 | 5,467 |
* | Fortinet Inc. | 17,125 | 5,397 |
Cognizant Technology Solutions Corp. Class A | 67,342 | 5,139 | |
Microchip Technology Inc. | 31,859 | 5,013 | |
* | Xilinx Inc. | 31,401 | 4,886 |
HP Inc. | 159,520 | 4,744 | |
* | Match Group Inc. | 34,467 | 4,737 |
* | Snowflake Inc. Class A | 15,266 | 4,646 |
* | EPAM Systems Inc. | 6,827 | 4,320 |
* | Okta Inc. | 15,862 | 4,181 |
* | ANSYS Inc. | 11,091 | 4,052 |
* | Datadog Inc. Class A | 28,955 | 3,990 |
* | HubSpot Inc. | 5,690 | 3,895 |
Corning Inc. | 97,153 | 3,885 | |
* | Pinterest Inc. Class A | 69,853 | 3,882 |
* | Cloudflare Inc. Class A | 32,121 | 3,878 |
Skyworks Solutions Inc. | 21,049 | 3,862 | |
CDW Corp. | 17,869 | 3,585 | |
* | Dell Technologies Inc. Class C | 35,100 | 3,421 |
* | Gartner Inc. | 10,705 | 3,305 |
* | Splunk Inc. | 20,986 | 3,208 |
* | Paycom Software Inc. | 6,476 | 3,166 |
Monolithic Power Systems Inc. | 5,692 | 2,817 | |
* | Zscaler Inc. | 9,881 | 2,750 |
* | VeriSign Inc. | 12,613 | 2,728 |
* | Qorvo Inc. | 14,430 | 2,713 |
* | MongoDB Inc. Class A | 6,709 | 2,629 |
Hewlett Packard Enterprise Co. | 166,930 | 2,581 | |
* | RingCentral Inc. Class A | 10,207 | 2,575 |
Teradyne Inc. | 21,072 | 2,559 | |
NetApp Inc. | 28,188 | 2,507 | |
* | Tyler Technologies Inc. | 5,138 | 2,495 |
* | Western Digital Corp. | 39,124 | 2,473 |
* | ON Semiconductor Corp. | 54,068 | 2,398 |
* | Unity Software Inc. | 18,801 | 2,383 |
* | Akamai Technologies Inc. | 20,484 | 2,320 |
* | Coupa Software Inc. | 9,342 | 2,287 |
SS&C Technologies Holdings Inc. | 28,611 | 2,165 | |
Entegris Inc. | 17,124 | 2,057 | |
* | DoorDash Inc. Class A | 10,703 | 2,049 |
* | Nuance Communications Inc. | 36,102 | 1,987 |
* | Avalara Inc. | 10,703 | 1,923 |
NortonLifeLock Inc. | 70,081 | 1,861 | |
* | Zendesk Inc. | 14,982 | 1,852 |
* | Ceridian HCM Holding Inc. | 16,476 | 1,851 |
* | PTC Inc. | 13,527 | 1,781 |
Leidos Holdings Inc. | 17,986 | 1,765 | |
Citrix Systems Inc. | 15,806 | 1,626 | |
* | Dynatrace Inc. | 23,366 | 1,606 |
Shares | Market Value• ($000) | ||
* | Globant SA | 4,977 | 1,604 |
* | GoDaddy Inc. Class A | 21,164 | 1,552 |
* | F5 Networks Inc. | 7,581 | 1,543 |
* | VMware Inc. Class A | 10,170 | 1,514 |
* | Wix.com Ltd. | 6,794 | 1,509 |
* | Black Knight Inc. | 19,597 | 1,483 |
* | Elastic NV | 8,714 | 1,390 |
* | Five9 Inc. | 8,524 | 1,349 |
* | Clarivate plc | 52,550 | 1,324 |
* | Manhattan Associates Inc. | 7,920 | 1,291 |
Amdocs Ltd. | 16,710 | 1,287 | |
* | IAC/InterActive Corp. | 9,747 | 1,287 |
* | Cree Inc. | 14,861 | 1,263 |
*,2 | Proofpoint Inc. | 7,111 | 1,252 |
* | Guidewire Software Inc. | 10,526 | 1,247 |
* | Dropbox Inc. Class A | 38,938 | 1,235 |
* | Smartsheet Inc. Class A | 15,323 | 1,219 |
* | DXC Technology Co. | 32,201 | 1,182 |
Universal Display Corp. | 5,551 | 1,158 | |
Jabil Inc. | 18,369 | 1,135 | |
* | Aspen Technology Inc. | 8,692 | 1,126 |
* | Arrow Electronics Inc. | 9,228 | 1,119 |
Bentley Systems Inc. Class B | 17,207 | 1,110 | |
* | Anaplan Inc. | 17,913 | 1,074 |
Vertiv Holdings Co. Class A | 35,826 | 1,009 | |
* | Concentrix Corp. | 5,463 | 947 |
* | Nutanix Inc. Class A | 24,363 | 899 |
* | Pure Storage Inc. Class A | 34,184 | 883 |
Brooks Automation Inc. | 9,307 | 791 | |
Dolby Laboratories Inc. Class A | 7,950 | 788 | |
* | IPG Photonics Corp. | 4,534 | 774 |
* | Teradata Corp. | 14,022 | 767 |
* | CACI International Inc. Class A | 2,952 | 760 |
* | Everbridge Inc. | 4,699 | 738 |
Pegasystems Inc. | 5,149 | 709 | |
National Instruments Corp. | 16,775 | 702 | |
* | Change Healthcare Inc. | 31,661 | 691 |
SYNNEX Corp. | 5,351 | 680 | |
* | NCR Corp. | 15,732 | 668 |
CDK Global Inc. | 16,003 | 666 | |
Science Applications International Corp. | 7,556 | 636 | |
* | Cirrus Logic Inc. | 7,385 | 618 |
* | Vimeo Inc. | 15,568 | 593 |
* | Fastly Inc. Class A | 13,472 | 587 |
* | New Relic Inc. | 6,858 | 548 |
* | Alteryx Inc. Class A | 7,383 | 546 |
* | FireEye Inc. | 28,846 | 525 |
Avnet Inc. | 12,611 | 510 | |
* | Medallia Inc. | 13,203 | 446 |
* | Skillz Inc. Class A | 37,560 | 442 |
Xerox Holdings Corp. | 19,242 | 433 | |
* | Duck Creek Technologies Inc. | 9,155 | 427 |
* | Vroom Inc. | 14,760 | 396 |
* | Dun & Bradstreet Holdings Inc. | 20,217 | 371 |
Switch Inc. Class A | 14,505 | 360 | |
* | nCino Inc. | 5,813 | 360 |
* | Jamf Holding Corp. | 6,516 | 229 |
* | Allegro MicroSystems Inc. | 5,743 | 173 |
McAfee Corp.Class A | 6,051 | 161 | |
* | C3.ai Inc. Class A | 1,958 | 101 |
SolarWinds Corp. | 4,382 | 75 |
Shares | Market Value• ($000) | ||
* | DoubleVerify Holdings Inc. | 1,939 | 71 |
* | Datto Holding Corp. | 2,692 | 69 |
* | N-Able Inc. | 4,382 | 59 |
1,611,450 | |||
Telecommunications (3.1%) | |||
Comcast Corp. Class A | 581,885 | 35,309 | |
Cisco Systems Inc. | 539,006 | 31,812 | |
Verizon Communications Inc. | 528,403 | 29,062 | |
AT&T Inc. | 910,599 | 24,969 | |
* | Charter Communications Inc. Class A | 16,742 | 13,672 |
* | T-Mobile U.S. Inc. | 75,142 | 10,296 |
Motorola Solutions Inc. | 21,258 | 5,192 | |
* | Roku Inc. | 14,719 | 5,187 |
* | Liberty Broadband Corp. Class C | 20,579 | 3,937 |
* | Arista Networks Inc. | 7,679 | 2,838 |
Lumen Technologies Inc. | 140,404 | 1,727 | |
Cable One Inc. | 676 | 1,419 | |
* | DISH Network Corp. Class A | 31,973 | 1,394 |
Juniper Networks Inc. | 40,836 | 1,183 | |
* | Ciena Corp. | 19,246 | 1,100 |
* | Lumentum Holdings Inc. | 9,684 | 839 |
* | Altice USA Inc. Class A | 27,064 | 743 |
* | ViaSat Inc. | 7,965 | 411 |
* | CommScope Holding Co. Inc. | 25,490 | 403 |
* | Liberty Broadband Corp. Class A | 1,876 | 348 |
Ubiquiti Inc. | 819 | 266 | |
172,107 | |||
Utilities (2.7%) | |||
NextEra Energy Inc. | 250,157 | 21,011 | |
Duke Energy Corp. | 98,191 | 10,277 | |
Southern Co. | 134,790 | 8,860 | |
Waste Management Inc. | 53,816 | 8,347 | |
Dominion Energy Inc. | 102,654 | 7,991 | |
Exelon Corp. | 124,192 | 6,088 | |
American Electric Power Co. Inc. | 63,969 | 5,730 | |
Sempra Energy | 40,107 | 5,309 | |
Xcel Energy Inc. | 68,648 | 4,720 | |
American Water Works Co. Inc. | 23,218 | 4,231 | |
Public Service Enterprise Group Inc. | 64,423 | 4,119 | |
Eversource Energy | 43,796 | 3,974 | |
WEC Energy Group Inc. | 40,285 | 3,806 | |
Republic Services Inc. Class A | 26,727 | 3,318 | |
Consolidated Edison Inc. | 43,774 | 3,303 | |
DTE Energy Co. | 24,672 | 2,969 | |
PPL Corp. | 98,058 | 2,878 | |
Ameren Corp. | 32,551 | 2,855 | |
Entergy Corp. | 25,568 | 2,828 |
Shares | Market Value• ($000) | ||
Edison International | 47,492 | 2,747 | |
FirstEnergy Corp. | 68,841 | 2,676 | |
CMS Energy Corp. | 36,635 | 2,349 | |
Evergy Inc. | 29,300 | 2,006 | |
AES Corp. | 83,756 | 1,999 | |
Alliant Energy Corp. | 32,403 | 1,970 | |
CenterPoint Energy Inc. | 73,976 | 1,856 | |
* | PG&E Corp. | 192,730 | 1,767 |
Atmos Energy Corp. | 16,573 | 1,616 | |
NRG Energy Inc. | 31,272 | 1,428 | |
Essential Utilities Inc. | 28,272 | 1,403 | |
UGI Corp. | 26,540 | 1,229 | |
NiSource Inc. | 49,596 | 1,223 | |
Vistra Corp. | 59,894 | 1,143 | |
* | Sunrun Inc. | 25,417 | 1,125 |
Pinnacle West Capital Corp. | 14,079 | 1,083 | |
OGE Energy Corp. | 24,930 | 883 | |
* | Stericycle Inc. | 11,864 | 826 |
Brookfield Renewable Corp. Class A | 16,445 | 720 | |
IDACORP Inc. | 6,457 | 680 | |
* | Clean Harbors Inc. | 6,249 | 641 |
National Fuel Gas Co. | 11,223 | 581 | |
Hawaiian Electric Industries Inc. | 13,153 | 573 | |
Avangrid Inc. | 7,210 | 394 | |
145,532 | |||
Total Common Stocks (Cost $3,225,077) | 5,500,022 | ||
Temporary Cash Investments (0.0%) | |||
Money Market Fund (0.0%) | |||
3,4 | Vanguard Market Liquidity Fund, 0.068% (Cost $1,666) | 16,663 | 1,666 |
Total Investments (100.0%) (Cost $3,226,743) | 5,501,688 | ||
Other Assets and Liabilities—Net (0.0%) | 1,691 | ||
Net Assets (100%) | 5,503,379 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $1,606,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
4 | Collateral of $1,664,000 was received for securities on loan. |
ADR—American Depositary Receipt. | |
REIT—Real Estate Investment Trust. |
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 | September 2021 | 22 | 4,973 | 65 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $3,225,077) | 5,500,022 |
Affiliated Issuers (Cost $1,666) | 1,666 |
Total Investments in Securities | 5,501,688 |
Investment in Vanguard | 178 |
Cash Collateral Pledged—Futures Contracts | 260 |
Receivables for Investment Securities Sold | 1,670 |
Receivables for Accrued Income | 6,831 |
Total Assets | 5,510,627 |
Liabilities | |
Due to Custodian | 5,177 |
Collateral for Securities on Loan | 1,664 |
Payables for Capital Shares Redeemed | 224 |
Payables to Vanguard | 178 |
Variation Margin Payable—Futures Contracts | 5 |
Total Liabilities | 7,248 |
Net Assets | 5,503,379 |
At August 31, 2021, net assets consisted of: | |
Paid-in Capital | 3,311,607 |
Total Distributable Earnings (Loss) | 2,191,772 |
Net Assets | 5,503,379 |
ETF Shares—Net Assets | |
Applicable to 12,750,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,681,636 |
Net Asset Value Per Share—ETF Shares | $210.32 |
Institutional Shares—Net Assets | |
Applicable to 6,925,551 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,821,743 |
Net Asset Value Per Share—Institutional Shares | $407.44 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends | 65,838 |
Interest1 | 4 |
Securities Lending—Net | 123 |
Total Income | 65,965 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 693 |
Management and Administrative—ETF Shares | 1,146 |
Management and Administrative—Institutional Shares | 1,148 |
Marketing and Distribution—ETF Shares | 94 |
Marketing and Distribution—Institutional Shares | 61 |
Custodian Fees | 237 |
Auditing Fees | 29 |
Shareholders’ Reports—ETF Shares | 37 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 2 |
Total Expenses | 3,447 |
Net Investment Income | 62,518 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 419,882 |
Futures Contracts | 2,159 |
Realized Net Gain (Loss) | 422,041 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 811,786 |
Futures Contracts | (642) |
Change in Unrealized Appreciation (Depreciation) | 811,144 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,295,703 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $4,000, $0, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $428,873,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 62,518 | 67,097 |
Realized Net Gain (Loss) | 422,041 | 84,160 |
Change in Unrealized Appreciation (Depreciation) | 811,144 | 625,102 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,295,703 | 776,359 |
Distributions | ||
ETF Shares | (28,487) | (23,937) |
Institutional Shares | (33,459) | (43,999) |
Total Distributions | (61,946) | (67,936) |
Capital Share Transactions | ||
ETF Shares | 414,276 | 210,407 |
Institutional Shares | (346,204) | (236,257) |
Net Increase (Decrease) from Capital Share Transactions | 68,072 | (25,850) |
Total Increase (Decrease) | 1,301,829 | 682,573 |
Net Assets | ||
Beginning of Period | 4,201,550 | 3,518,977 |
End of Period | 5,503,379 | 4,201,550 |
ETF Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $161.36 | $134.37 | $133.57 | $113.60 | $99.81 |
Investment Operations | |||||
Net Investment Income1 | 2.459 | 2.525 | 2.395 | 2.209 | 2.054 |
Net Realized and Unrealized Gain (Loss) on Investments | 48.925 | 27.028 | .759 | 19.896 | 13.753 |
Total from Investment Operations | 51.384 | 29.553 | 3.154 | 22.105 | 15.807 |
Distributions | |||||
Dividends from Net Investment Income | (2.424) | (2.563) | (2.354) | (2.135) | (2.017) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (2.424) | (2.563) | (2.354) | (2.135) | (2.017) |
Net Asset Value, End of Period | $210.32 | $161.36 | $134.37 | $133.57 | $113.60 |
Total Return | 32.14% | 22.39% | 2.45% | 19.68% | 16.02% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $2,682 | $1,678 | $1,196 | $1,008 | $724 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.12% | 0.12% |
Ratio of Net Investment Income to Average Net Assets | 1.34% | 1.79% | 1.85% | 1.78% | 1.94% |
Portfolio Turnover Rate2 | 6% | 9% | 6% | 9% | 11% |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $312.59 | $260.26 | $258.75 | $220.06 | $193.36 |
Investment Operations | |||||
Net Investment Income1 | 4.807 | 4.927 | 4.645 | 4.345 | 4.080 |
Net Realized and Unrealized Gain (Loss) on Investments | 94.766 | 52.362 | 1.483 | 38.573 | 26.609 |
Total from Investment Operations | 99.573 | 57.289 | 6.128 | 42.918 | 30.689 |
Distributions | |||||
Dividends from Net Investment Income | (4.723) | (4.959) | (4.618) | (4.228) | (3.989) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (4.723) | (4.959) | (4.618) | (4.228) | (3.989) |
Net Asset Value, End of Period | $407.44 | $312.59 | $260.26 | $258.75 | $220.06 |
Total Return | 32.16% | 22.45% | 2.45% | 19.72% | 16.06% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $2,822 | $2,523 | $2,323 | $2,134 | $2,014 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.36% | 1.81% | 1.86% | 1.82% | 1.98% |
Portfolio Turnover Rate2 | 6% | 9% | 6% | 9% | 11% |
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 | 5,498,770 | — | 1,252 | 5,500,022 |
Temporary Cash Investments | 1,666 | — | — | 1,666 |
Total | 5,500,436 | — | 1,252 | 5,501,688 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 65 | — | — | 65 |
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. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for in-kind redemptions and passive foreign investment companies were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 428,461 |
Total Distributable Earnings (Loss) | (428,461) |
Amount ($000) | |
Undistributed Ordinary Income | 13,445 |
Undistributed Long-Term Gains | — |
Capital Loss Carryforwards | (90,347) |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 2,268,674 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 61,946 | 67,936 |
Long-Term Capital Gains | — | — |
Total | 61,946 | 67,936 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 3,233,015 |
Gross Unrealized Appreciation | 2,402,260 |
Gross Unrealized Depreciation | (133,586) |
Net Unrealized Appreciation (Depreciation) | 2,268,674 |
E. | During the year ended August 31, 2021, the fund purchased $1,148,713,000 of investment securities and sold $1,072,420,000 of investment securities, other than temporary cash investments. Purchases and sales include $691,898,000 and $778,248,000, 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: |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,203,957 | 6,875 | 484,207 | 3,500 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (789,681) | (4,525) | (273,800) | (2,000) | |
Net Increase (Decrease)—ETF Shares | 414,276 | 2,350 | 210,407 | 1,500 | |
Institutional Shares | |||||
Issued | 416,311 | 1,158 | 264,170 | 1,009 | |
Issued in Lieu of Cash Distributions | 31,627 | 93 | 42,228 | 165 | |
Redeemed | (794,142) | (2,397) | (542,655) | (2,028) | |
Net Increase (Decrease)—Institutional Shares | (346,204) | (1,146) | (236,257) | (854) |
G. | Management has determined that no events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Year | Ten Years | Final Value of a $10,000 Investment | ||
Russell 1000 Value Index Fund ETF Shares Net Asset Value | 36.32% | 11.59% | 12.89% | $33,630 | |
Russell 1000 Value Index Fund ETF Shares Market Price | 36.24 | 11.59 | 12.89 | 33,604 | |
Russell 1000 Value Index | 36.44 | 11.68 | 13.03 | 34,022 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.16 | 44,721 |
One Year | Five Years | Ten Years | Final Value of a $5,000,000 Investment | ||
Russell 1000 Value Index Fund Institutional Shares | 36.35% | 11.62% | 12.94% | $16,887,353 | |
Russell 1000 Value Index | 36.44 | 11.68 | 13.03 | 17,010,766 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.16 | 22,360,680 |
One Year | Five Years | Ten Years | |
Russell 1000 Value Index Fund ETF Shares Market Price | 36.24% | 73.01% | 236.04% |
Russell 1000 Value Index Fund ETF Shares Net Asset Value | 36.32 | 73.03 | 236.30 |
Russell 1000 Value Index | 36.44 | 73.73 | 240.22 |
Basic Materials | 2.5% |
Consumer Discretionary | 9.9 |
Consumer Staples | 7.0 |
Energy | 4.6 |
Financials | 20.5 |
Health Care | 16.8 |
Industrials | 14.1 |
Real Estate | 4.8 |
Technology | 8.6 |
Telecommunications | 5.7 |
Utilities | 5.5 |
Shares | Market Value• ($000) | ||
Common Stocks (99.6%) | |||
Basic Materials (2.5%) | |||
Air Products and Chemicals Inc. | 89,481 | 24,116 | |
Newmont Corp. | 324,474 | 18,816 | |
Dow Inc. | 279,794 | 17,599 | |
International Flavors & Fragrances Inc. | 100,914 | 15,288 | |
Freeport-McMoRan Inc. | 417,667 | 15,199 | |
Nucor Corp. | 121,760 | 14,314 | |
Albemarle Corp. | 47,091 | 11,148 | |
International Paper Co. | 157,973 | 9,493 | |
LyondellBasell Industries NV Class A | 93,588 | 9,392 | |
Eastman Chemical Co. | 55,506 | 6,281 | |
Celanese Corp. Class A | 28,671 | 4,547 | |
Mosaic Co. | 138,338 | 4,452 | |
Steel Dynamics Inc. | 65,305 | 4,407 | |
* | Cleveland-Cliffs Inc. | 186,356 | 4,374 |
CF Industries Holdings Inc. | 85,748 | 3,895 | |
Reliance Steel & Aluminum Co. | 25,489 | 3,824 | |
FMC Corp. | 38,455 | 3,601 | |
Avery Dennison Corp. | 15,442 | 3,480 | |
* | Alcoa Corp. | 74,570 | 3,309 |
Royal Gold Inc. | 26,274 | 2,925 | |
U.S. Steel Corp. | 106,784 | 2,856 | |
Ecolab Inc. | 12,561 | 2,831 | |
Olin Corp. | 53,306 | 2,657 | |
Huntsman Corp. | 86,631 | 2,290 | |
Element Solutions Inc. | 97,032 | 2,206 | |
Valvoline Inc. | 72,561 | 2,188 | |
Ashland Global Holdings Inc. | 22,056 | 2,010 | |
Timken Co. | 25,827 | 1,899 | |
* | Hexcel Corp. | 33,409 | 1,895 |
* | Univar Solutions Inc. | 67,125 | 1,585 |
Fastenal Co. | 26,093 | 1,457 | |
Chemours Co. | 32,059 | 1,074 | |
NewMarket Corp. | 2,879 | 1,007 | |
Westlake Chemical Corp. | 10,553 | 922 | |
Southern Copper Corp. | 2,867 | 179 | |
207,516 | |||
Consumer Discretionary (9.8%) | |||
* | Walt Disney Co. | 697,504 | 126,458 |
Walmart Inc. | 580,322 | 85,946 | |
McDonald's Corp. | 248,470 | 59,002 | |
Target Corp. | 111,100 | 27,440 | |
* | General Motors Co. | 556,524 | 27,275 |
Shares | Market Value• ($000) | ||
Activision Blizzard Inc. | 312,819 | 25,767 | |
* | Ford Motor Co. | 1,585,584 | 20,660 |
Electronic Arts Inc. | 115,661 | 16,795 | |
Yum! Brands Inc. | 110,060 | 14,421 | |
* | Aptiv plc | 88,873 | 13,526 |
Dollar General Corp. | 55,258 | 12,318 | |
* | Southwest Airlines Co. | 238,736 | 11,884 |
Lennar Corp. Class A | 109,970 | 11,801 | |
* | O'Reilly Automotive Inc. | 19,254 | 11,438 |
* | AutoZone Inc. | 7,108 | 11,011 |
Garmin Ltd. | 61,109 | 10,659 | |
ViacomCBS Inc. Class B | 234,002 | 9,699 | |
Yum China Holdings Inc. | 156,640 | 9,643 | |
Best Buy Co. Inc. | 77,843 | 9,070 | |
* | Dollar Tree Inc. | 93,444 | 8,460 |
* | Carnival Corp. | 344,634 | 8,319 |
* | CarMax Inc. | 60,382 | 7,560 |
DR Horton Inc. | 78,602 | 7,516 | |
* | Royal Caribbean Cruises Ltd. | 88,913 | 7,356 |
MGM Resorts International | 166,138 | 7,081 | |
Genuine Parts Co. | 57,636 | 7,043 | |
Omnicom Group Inc. | 86,655 | 6,345 | |
* | United Airlines Holdings Inc. | 135,219 | 6,289 |
* | Take-Two Interactive Software Inc. | 37,070 | 5,976 |
Interpublic Group of Cos. Inc. | 160,221 | 5,965 | |
* | LKQ Corp. | 111,944 | 5,898 |
Whirlpool Corp. | 24,808 | 5,496 | |
Advance Auto Parts Inc. | 26,813 | 5,439 | |
Costco Wholesale Corp. | 11,671 | 5,316 | |
Hasbro Inc. | 51,978 | 5,110 | |
* | American Airlines Group Inc. | 255,829 | 5,101 |
* | Penn National Gaming Inc. | 59,561 | 4,830 |
Fox Corp. Class A | 126,469 | 4,735 | |
* | Hilton Worldwide Holdings Inc. | 36,416 | 4,547 |
Service Corp. International | 66,884 | 4,198 | |
BorgWarner Inc. (XNYS) | 97,574 | 4,164 | |
* | Deckers Outdoor Corp. | 9,820 | 4,109 |
* | Tapestry Inc. | 100,632 | 4,058 |
PulteGroup Inc. | 74,451 | 4,010 | |
* | Liberty Media Corp.-Liberty Formula One Class C | 79,332 | 4,009 |
Newell Brands Inc. | 156,183 | 3,969 | |
Lear Corp. | 23,987 | 3,837 |
Shares | Market Value• ($000) | ||
* | Norwegian Cruise Line Holdings Ltd. | 147,870 | 3,821 |
* | Wayfair Inc. Class A | 13,424 | 3,769 |
* | Uber Technologies Inc. | 93,192 | 3,648 |
Kohl's Corp. | 62,811 | 3,605 | |
VF Corp. | 46,458 | 3,553 | |
Lithia Motors Inc. Class A | 10,721 | 3,552 | |
1 | Dick's Sporting Goods Inc. | 25,047 | 3,527 |
* | Discovery Inc. Class C | 126,847 | 3,500 |
News Corp. Class A | 154,976 | 3,482 | |
New York Times Co. Class A | 66,012 | 3,352 | |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 67,791 | 3,346 |
* | Capri Holdings Ltd. | 59,175 | 3,344 |
Aramark | 91,764 | 3,193 | |
* | Caesars Entertainment Inc. | 30,313 | 3,081 |
Nielsen Holdings plc | 143,095 | 3,071 | |
Gentex Corp. | 96,742 | 2,980 | |
* | PVH Corp. | 28,390 | 2,975 |
Bath & Body Works Inc. | 42,668 | 2,879 | |
* | Live Nation Entertainment Inc. | 33,062 | 2,867 |
* | Alaska Air Group Inc. | 48,942 | 2,806 |
Leggett & Platt Inc. | 53,351 | 2,582 | |
Domino's Pizza Inc. | 4,926 | 2,546 | |
Darden Restaurants Inc. | 16,886 | 2,544 | |
* | Marriott Vacations Worldwide Corp. | 16,733 | 2,502 |
Harley-Davidson Inc. | 61,236 | 2,421 | |
* | Skechers USA Inc. Class A | 46,822 | 2,361 |
AMERCO | 3,555 | 2,350 | |
* | NVR Inc. | 447 | 2,315 |
Fox Corp. Class B | 66,186 | 2,292 | |
Nexstar Media Group Inc. Class A | 15,258 | 2,285 | |
1 | Sirius XM Holdings Inc. | 360,818 | 2,262 |
* | AutoNation Inc. | 20,226 | 2,206 |
Ralph Lauren Corp. Class A | 18,916 | 2,197 | |
Gap Inc. | 80,745 | 2,158 | |
* | Terminix Global Holdings Inc. | 51,463 | 2,142 |
Foot Locker Inc. | 36,005 | 2,041 | |
* | Discovery Inc. Class A | 70,186 | 2,024 |
* | JetBlue Airways Corp. | 126,955 | 1,921 |
* | Ollie's Bargain Outlet Holdings Inc. | 26,163 | 1,894 |
* | Zynga Inc. Class A | 209,512 | 1,854 |
Carter's Inc. | 17,314 | 1,773 | |
Toll Brothers Inc. | 26,874 | 1,722 | |
* | SiteOne Landscape Supply Inc. | 8,484 | 1,698 |
* | Under Armour Inc. Class A | 72,359 | 1,674 |
* | Under Armour Inc. Class C | 82,803 | 1,661 |
Qurate Retail Inc. Series A | 148,777 | 1,641 | |
* | Grand Canyon Education Inc. | 18,377 | 1,638 |
* | Boyd Gaming Corp. | 25,912 | 1,590 |
Columbia Sportswear Co. | 14,924 | 1,522 | |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 30,385 | 1,504 |
Thor Industries Inc. | 12,731 | 1,444 | |
Williams-Sonoma Inc. | 7,355 | 1,373 | |
* | Hyatt Hotels Corp. Class A | 16,390 | 1,206 |
Penske Automotive Group Inc. | 12,792 | 1,150 | |
* | Chegg Inc. | 13,367 | 1,112 |
* | Coty Inc. Class A | 113,411 | 1,108 |
Shares | Market Value• ($000) | ||
News Corp. Class B | 49,899 | 1,099 | |
Hanesbrands Inc. | 55,995 | 1,046 | |
Wyndham Hotels & Resorts Inc. | 13,605 | 989 | |
* | Copa Holdings SA Class A | 12,692 | 955 |
* | Victoria's Secret & Co. | 14,222 | 943 |
Polaris Inc. | 7,224 | 865 | |
* | Madison Square Garden Sports Corp. | 4,667 | 844 |
* | Planet Fitness Inc. Class A | 10,354 | 842 |
* | Six Flags Entertainment Corp. | 19,057 | 805 |
* | Bright Horizons Family Solutions Inc. | 4,911 | 716 |
Travel + Leisure Co. | 11,289 | 618 | |
* | Petco Health & Wellness Co. Inc. Class A | 27,967 | 602 |
* | Driven Brands Holdings Inc. | 19,652 | 587 |
* | TripAdvisor Inc. | 15,235 | 533 |
Lennar Corp. Class B | 5,720 | 501 | |
* | frontdoor Inc. | 10,831 | 472 |
* | Liberty Media Corp.- Liberty Formula One Class A | 9,959 | 455 |
* | Burlington Stores Inc. | 1,451 | 435 |
H&R Block Inc. | 14,187 | 364 | |
* | QuantumScape Corp. Class A | 13,325 | 293 |
Rollins Inc. | 6,393 | 249 | |
* | Nordstrom Inc. | 7,174 | 205 |
ViacomCBS Inc. Class A | 4,412 | 203 | |
* | Leslie's Inc. | 5,014 | 121 |
World Wrestling Entertainment Inc. Class A | 2,300 | 120 | |
* | Endeavor Group Holdings Inc. Class A | 89 | 2 |
821,477 | |||
Consumer Staples (6.9%) | |||
Procter & Gamble Co. | 984,685 | 140,209 | |
Philip Morris International Inc. | 630,324 | 64,923 | |
CVS Health Corp. | 533,039 | 46,049 | |
Mondelez International Inc. Class A | 564,139 | 35,016 | |
Coca-Cola Co. | 462,416 | 26,039 | |
Altria Group Inc. | 334,069 | 16,780 | |
PepsiCo Inc. | 94,875 | 14,838 | |
Walgreens Boots Alliance Inc. | 291,439 | 14,791 | |
General Mills Inc. | 245,871 | 14,214 | |
Kroger Co. | 302,404 | 13,920 | |
Constellation Brands Inc. Class A | 65,488 | 13,827 | |
Archer-Daniels-Midland Co. | 226,086 | 13,565 | |
Corteva Inc. | 297,374 | 13,076 | |
Colgate-Palmolive Co. | 158,593 | 12,362 | |
McKesson Corp. | 55,078 | 11,244 | |
Keurig Dr Pepper Inc. | 282,172 | 10,065 | |
Kraft Heinz Co. | 267,957 | 9,644 | |
Kimberly-Clark Corp. | 68,076 | 9,382 | |
Tyson Foods Inc. Class A | 116,109 | 9,117 | |
McCormick & Co. Inc. | 100,778 | 8,696 | |
Church & Dwight Co. Inc. | 94,067 | 7,870 | |
AmerisourceBergen Corp. Class A | 59,465 | 7,267 | |
Conagra Brands Inc. | 189,912 | 6,290 |
Shares | Market Value• ($000) | ||
J M Smucker Co. | 43,036 | 5,322 | |
Hormel Foods Corp. | 115,346 | 5,253 | |
* | Darling Ingredients Inc. | 62,580 | 4,662 |
Bunge Ltd. | 55,058 | 4,168 | |
Kellogg Co. | 56,096 | 3,542 | |
Molson Coors Beverage Co. Class B | 71,635 | 3,405 | |
Campbell Soup Co. | 78,560 | 3,278 | |
Casey's General Stores Inc. | 15,357 | 3,141 | |
* | U.S. Foods Holding Corp | 88,427 | 3,007 |
Lamb Weston Holdings Inc. | 41,200 | 2,684 | |
* | Post Holdings Inc. | 23,588 | 2,640 |
Brown-Forman Corp. Class B | 37,051 | 2,602 | |
Ingredion Inc. | 26,897 | 2,363 | |
1 | Albertsons Cos. Inc. Class A | 62,295 | 1,891 |
* | Herbalife Nutrition Ltd. | 35,997 | 1,848 |
Flowers Foods Inc. | 74,980 | 1,809 | |
Clorox Co. | 9,482 | 1,593 | |
Hershey Co. | 8,386 | 1,490 | |
Spectrum Brands Holdings Inc. | 16,875 | 1,317 | |
* | Hain Celestial Group Inc. | 33,495 | 1,253 |
* | Monster Beverage Corp. | 10,616 | 1,036 |
* | Grocery Outlet Holding Corp. | 35,071 | 913 |
Brown-Forman Corp. Class A | 10,219 | 676 | |
Reynolds Consumer Products Inc. | 21,803 | 617 | |
Seaboard Corp. | 105 | 447 | |
* | Beyond Meat Inc. | 2,666 | 319 |
* | Pilgrim's Pride Corp. | 11,188 | 311 |
580,771 | |||
Energy (4.6%) | |||
Exxon Mobil Corp. | 1,712,841 | 93,384 | |
Chevron Corp. | 783,572 | 75,826 | |
ConocoPhillips | 547,608 | 30,409 | |
Schlumberger NV | 568,420 | 15,938 | |
Marathon Petroleum Corp. | 262,796 | 15,576 | |
EOG Resources Inc. | 207,372 | 14,002 | |
Kinder Morgan Inc. | 788,645 | 12,831 | |
Phillips 66 | 176,449 | 12,544 | |
Williams Cos. Inc. | 489,938 | 12,097 | |
Valero Energy Corp. | 164,712 | 10,922 | |
ONEOK Inc. | 179,173 | 9,410 | |
Devon Energy Corp. | 273,118 | 8,071 | |
Occidental Petroleum Corp. | 298,993 | 7,681 | |
Pioneer Natural Resources Co. | 48,985 | 7,332 | |
Hess Corp. | 106,273 | 7,306 | |
Halliburton Co. | 340,442 | 6,802 | |
Baker Hughes Co. Class A | 298,520 | 6,800 | |
* | First Solar Inc. | 43,392 | 4,079 |
Targa Resources Corp. | 90,342 | 3,968 | |
Marathon Oil Corp. | 314,023 | 3,690 | |
APA Corp. | 151,137 | 2,944 | |
Diamondback Energy Inc. | 38,055 | 2,935 | |
Cabot Oil & Gas Corp. | 138,575 | 2,202 | |
Cimarex Energy Co. | 32,224 | 2,069 | |
* | NOV Inc. | 156,084 | 2,056 |
* | EQT Corp. | 111,481 | 2,043 |
HollyFrontier Corp. | 59,948 | 1,938 | |
* | DTE Midstream LLC | 38,826 | 1,804 |
Shares | Market Value• ($000) | ||
* | Shoals Technologies Group Inc. Class A | 40,276 | 1,312 |
Antero Midstream Corp. | 133,778 | 1,286 | |
*,1 | ChargePoint Holdings Inc. | 55,360 | 1,171 |
Continental Resources Inc. | 23,371 | 918 | |
381,346 | |||
Financials (20.5%) | |||
* | Berkshire Hathaway Inc. Class B | 758,564 | 216,775 |
JPMorgan Chase & Co. | 1,216,528 | 194,584 | |
Bank of America Corp. | 3,051,291 | 127,391 | |
Wells Fargo & Co. | 1,674,486 | 76,524 | |
Citigroup Inc. | 836,615 | 60,161 | |
Morgan Stanley | 561,361 | 58,623 | |
BlackRock Inc. | 57,868 | 54,586 | |
Goldman Sachs Group Inc. | 126,143 | 52,161 | |
Charles Schwab Corp. | 634,630 | 46,233 | |
Chubb Ltd. | 180,978 | 33,285 | |
PNC Financial Services Group Inc. | 171,620 | 32,797 | |
U.S. Bancorp | 542,585 | 31,139 | |
Truist Financial Corp. | 543,785 | 31,028 | |
CME Group Inc. | 145,121 | 29,274 | |
Marsh & McLennan Cos. Inc. | 181,034 | 28,459 | |
Intercontinental Exchange Inc. | 225,245 | 26,923 | |
Progressive Corp. | 236,335 | 22,768 | |
American International Group Inc. | 349,349 | 19,060 | |
MetLife Inc. | 301,607 | 18,700 | |
Bank of New York Mellon Corp. | 324,636 | 17,926 | |
Prudential Financial Inc. | 159,516 | 16,890 | |
Allstate Corp. | 120,842 | 16,347 | |
Travelers Cos. Inc. | 101,734 | 16,248 | |
Aflac Inc. | 270,555 | 15,335 | |
KKR & Co. Inc. | 222,937 | 14,333 | |
First Republic Bank | 70,962 | 14,117 | |
T Rowe Price Group Inc. | 60,752 | 13,601 | |
* | SVB Financial Group | 23,469 | 13,131 |
State Street Corp. | 140,109 | 13,017 | |
S&P Global Inc. | 28,366 | 12,589 | |
Arthur J Gallagher & Co. | 81,680 | 11,731 | |
Willis Towers Watson plc | 51,825 | 11,439 | |
Fifth Third Bancorp | 284,391 | 11,051 | |
Aon plc Class A | 37,095 | 10,641 | |
Northern Trust Corp. | 83,278 | 9,870 | |
Hartford Financial Services Group Inc. | 144,222 | 9,695 | |
Huntington Bancshares Inc. | 596,517 | 9,264 | |
Nasdaq Inc. | 46,178 | 9,041 | |
KeyCorp | 400,152 | 8,131 | |
Regions Financial Corp. | 395,882 | 8,088 | |
Ally Financial Inc. | 150,284 | 7,950 | |
Cincinnati Financial Corp. | 60,640 | 7,483 | |
Principal Financial Group Inc. | 108,871 | 7,274 | |
M&T Bank Corp. | 51,860 | 7,261 | |
Discover Financial Services | 56,130 | 7,197 | |
Raymond James Financial Inc. | 47,454 | 6,639 | |
Citizens Financial Group Inc. | 140,907 | 6,170 | |
MSCI Inc. Class A | 9,459 | 6,002 | |
Signature Bank | 22,942 | 5,950 |
Shares | Market Value• ($000) | ||
* | Markel Corp. | 4,581 | 5,819 |
Ameriprise Financial Inc. | 21,026 | 5,738 | |
Fidelity National Financial Inc. | 112,408 | 5,489 | |
Cboe Global Markets Inc. | 43,248 | 5,456 | |
Brown & Brown Inc. | 90,020 | 5,226 | |
Loews Corp. | 90,173 | 5,038 | |
Annaly Capital Management Inc. | 575,112 | 4,998 | |
* | Arch Capital Group Ltd. | 118,617 | 4,875 |
Equitable Holdings Inc. | 154,439 | 4,789 | |
Lincoln National Corp. | 64,399 | 4,421 | |
East West Bancorp Inc. | 57,815 | 4,240 | |
W R Berkley Corp. | 56,270 | 4,238 | |
Comerica Inc. | 56,331 | 4,163 | |
Assurant Inc. | 24,193 | 4,115 | |
Globe Life Inc. | 40,669 | 3,907 | |
American Financial Group Inc. | 27,326 | 3,769 | |
Franklin Resources Inc. | 115,759 | 3,755 | |
Zions Bancorp NA | 64,614 | 3,741 | |
Tradeweb Markets Inc. Class A | 42,797 | 3,724 | |
First Horizon Corp. | 219,198 | 3,593 | |
AGNC Investment Corp. | 209,980 | 3,425 | |
Invesco Ltd. | 133,591 | 3,382 | |
* | Alleghany Corp. | 4,918 | 3,328 |
Everest Re Group Ltd. | 12,365 | 3,275 | |
Jefferies Financial Group Inc. | 87,625 | 3,239 | |
Carlyle Group Inc. | 64,878 | 3,204 | |
* | Athene Holding Ltd. Class A | 47,345 | 3,171 |
Reinsurance Group of America Inc. | 27,202 | 3,150 | |
Voya Financial Inc. | 48,311 | 3,139 | |
Commerce Bancshares Inc. | 44,174 | 3,124 | |
Janus Henderson Group plc | 70,273 | 3,047 | |
Pinnacle Financial Partners Inc. | 31,074 | 3,012 | |
First American Financial Corp. | 42,583 | 3,003 | |
Old Republic International Corp. | 111,995 | 2,912 | |
Affiliated Managers Group Inc. | 16,725 | 2,845 | |
Starwood Property Trust Inc. | 109,798 | 2,833 | |
Stifel Financial Corp. | 40,787 | 2,818 | |
People's United Financial Inc. | 170,221 | 2,797 | |
SEI Investments Co. | 43,969 | 2,762 | |
Cullen/Frost Bankers Inc. | 22,838 | 2,609 | |
Primerica Inc. | 16,451 | 2,516 | |
Popular Inc. | 33,103 | 2,514 | |
Prosperity Bancshares Inc. | 35,793 | 2,501 | |
OneMain Holdings Inc. | 41,910 | 2,424 | |
SLM Corp. | 128,726 | 2,414 | |
Synovus Financial Corp. | 54,627 | 2,354 | |
New York Community Bancorp Inc. | 180,560 | 2,261 | |
Evercore Inc. Class A | 15,880 | 2,217 | |
First Citizens BancShares Inc. Class A | 2,430 | 2,181 | |
Unum Group | 81,773 | 2,177 | |
Bank OZK | 49,266 | 2,090 |
Shares | Market Value• ($000) | ||
Interactive Brokers Group Inc. Class A | 32,218 | 2,083 | |
MGIC Investment Corp. | 135,156 | 2,064 | |
Hanover Insurance Group Inc. | 14,256 | 2,014 | |
PacWest Bancorp | 47,128 | 2,005 | |
*,1 | Credit Acceptance Corp. | 3,417 | 1,981 |
Lazard Ltd. Class A | 40,811 | 1,934 | |
New Residential Investment Corp. | 173,532 | 1,895 | |
Western Alliance Bancorp | 19,134 | 1,867 | |
Webster Financial Corp. | 36,081 | 1,823 | |
Umpqua Holdings Corp. | 87,974 | 1,713 | |
RenaissanceRe Holdings Ltd. | 10,895 | 1,708 | |
Wintrust Financial Corp. | 22,710 | 1,700 | |
* | Brighthouse Financial Inc. | 34,565 | 1,692 |
Kemper Corp. | 24,340 | 1,670 | |
Sterling Bancorp | 70,443 | 1,612 | |
Axis Capital Holdings Ltd. | 31,030 | 1,588 | |
FNB Corp. | 127,656 | 1,491 | |
First Hawaiian Inc. | 51,919 | 1,449 | |
Assured Guaranty Ltd. | 29,055 | 1,449 | |
White Mountains Insurance Group Ltd. | 1,214 | 1,361 | |
Bank of Hawaii Corp. | 16,208 | 1,358 | |
Moody's Corp. | 3,400 | 1,295 | |
BOK Financial Corp. | 12,308 | 1,084 | |
* | Lemonade Inc. | 13,495 | 1,019 |
Santander Consumer USA Holdings Inc. | 24,047 | 1,003 | |
Virtu Financial Inc. Class A | 37,038 | 907 | |
FactSet Research Systems Inc. | 2,239 | 851 | |
Broadridge Financial Solutions Inc. | 4,509 | 777 | |
Mercury General Corp. | 11,231 | 671 | |
Erie Indemnity Co. Class A | 3,392 | 601 | |
CNA Financial Corp. | 11,576 | 513 | |
Ares Management Corp. Class A | 6,512 | 503 | |
TFS Financial Corp. | 21,203 | 424 | |
Morningstar Inc. | 826 | 221 | |
UWM Holdings Corp. | 8,877 | 65 | |
* | GoHealth Inc. Class A | 2,686 | 13 |
1,709,104 | |||
Health Care (16.7%) | |||
Johnson & Johnson | 1,065,881 | 184,536 | |
UnitedHealth Group Inc. | 354,275 | 147,474 | |
Pfizer Inc. | 2,259,940 | 104,115 | |
Thermo Fisher Scientific Inc. | 144,792 | 80,352 | |
Danaher Corp. | 243,397 | 78,900 | |
Merck & Co. Inc. | 1,025,767 | 78,256 | |
Medtronic plc | 543,292 | 72,519 | |
Bristol-Myers Squibb Co. | 904,478 | 60,473 | |
Abbott Laboratories | 351,763 | 44,452 | |
Anthem Inc. | 99,146 | 37,193 | |
Gilead Sciences Inc. | 507,853 | 36,962 | |
Becton Dickinson and Co. | 117,111 | 29,477 | |
Cigna Corp. | 138,208 | 29,252 | |
* | Boston Scientific Corp. | 574,046 | 25,918 |
* | Regeneron Pharmaceuticals Inc. | 36,312 | 24,452 |
Stryker Corp. | 80,938 | 22,428 | |
Humana Inc. | 52,091 | 21,119 | |
* | Biogen Inc. | 60,645 | 20,553 |
Shares | Market Value• ($000) | ||
Eli Lilly & Co. | 71,916 | 18,575 | |
Baxter International Inc. | 203,308 | 15,496 | |
* | Centene Corp. | 234,086 | 14,743 |
Zimmer Biomet Holdings Inc. | 84,545 | 12,720 | |
* | Vertex Pharmaceuticals Inc. | 62,790 | 12,576 |
* | Laboratory Corp. of America Holdings | 39,533 | 11,993 |
* | IQVIA Holdings Inc. | 38,903 | 10,104 |
Cerner Corp. | 121,491 | 9,276 | |
Amgen Inc. | 41,053 | 9,259 | |
Cooper Cos. Inc. | 19,522 | 8,799 | |
* | Teladoc Health Inc. | 59,373 | 8,575 |
PerkinElmer Inc. | 45,427 | 8,395 | |
* | Hologic Inc. | 102,556 | 8,117 |
Quest Diagnostics Inc. | 52,716 | 8,057 | |
* | Horizon Therapeutics plc | 71,632 | 7,743 |
STERIS plc | 34,486 | 7,415 | |
Viatris Inc. | 489,523 | 7,162 | |
* | Bio-Rad Laboratories Inc. Class A | 8,656 | 6,966 |
* | Catalent Inc. | 50,579 | 6,598 |
* | BioMarin Pharmaceutical Inc. | 73,859 | 6,220 |
Teleflex Inc. | 15,492 | 6,126 | |
* | Elanco Animal Health Inc. (XNYS) | 180,583 | 6,028 |
DENTSPLY SIRONA Inc. | 88,266 | 5,446 | |
* | Molina Healthcare Inc. | 19,799 | 5,321 |
* | QIAGEN NV | 93,246 | 5,205 |
Universal Health Services Inc. Class B | 31,006 | 4,829 | |
* | Henry Schein Inc. | 57,605 | 4,354 |
Hill-Rom Holdings Inc. | 26,681 | 3,884 | |
* | United Therapeutics Corp. | 17,721 | 3,808 |
Organon & Co. | 101,388 | 3,436 | |
* | Syneos Health Inc. | 35,567 | 3,300 |
* | Jazz Pharmaceuticals plc | 24,135 | 3,179 |
* | Envista Holdings Corp. | 64,428 | 2,757 |
Cardinal Health Inc. | 47,398 | 2,488 | |
* | Globus Medical Inc. Class A | 29,252 | 2,387 |
* | Acadia Healthcare Co. Inc. | 35,488 | 2,346 |
Agilent Technologies Inc. | 12,948 | 2,272 | |
Chemed Corp. | 4,743 | 2,261 | |
Perrigo Co. plc | 53,620 | 2,196 | |
* | Integra LifeSciences Holdings Corp. | 28,853 | 2,171 |
Royalty Pharma plc Class A | 53,338 | 2,061 | |
Zoetis Inc. | 9,894 | 2,024 | |
* | Quidel Corp. | 14,951 | 1,928 |
Premier Inc. Class A | 48,811 | 1,815 | |
* | PPD Inc. | 37,777 | 1,749 |
ResMed Inc. | 5,688 | 1,653 | |
* | ICU Medical Inc. | 8,033 | 1,601 |
* | Masimo Corp. | 5,450 | 1,480 |
Encompass Health Corp. | 16,792 | 1,317 | |
* | Nektar Therapeutics Class A | 74,146 | 1,148 |
* | DaVita Inc. | 8,442 | 1,104 |
* | Iovance Biotherapeutics Inc. | 40,487 | 974 |
* | Seagen Inc. | 5,655 | 948 |
* | Sage Therapeutics Inc. | 19,914 | 920 |
* | Incyte Corp. | 10,571 | 809 |
* | Ultragenyx Pharmaceutical Inc. | 6,491 | 625 |
* | Exact Sciences Corp. | 5,115 | 534 |
Shares | Market Value• ($000) | ||
* | Charles River Laboratories International Inc. | 1,185 | 526 |
* | Mirati Therapeutics Inc. | 2,463 | 418 |
* | Exelixis Inc. | 18,067 | 346 |
* | Repligen Corp. | 1,202 | 340 |
* | Amedisys Inc. | 1,406 | 258 |
* | Natera Inc. | 2,017 | 239 |
* | Signify Health Inc. Class A | 9,155 | 238 |
* | Certara Inc. | 5,750 | 193 |
* | Oak Street Health Inc. | 3,804 | 178 |
* | Adaptive Biotechnologies Corp. | 4,752 | 173 |
* | Ionis Pharmaceuticals Inc. | 4,281 | 170 |
* | Tandem Diabetes Care Inc. | 1,390 | 156 |
* | agilon health Inc. | 1,800 | 63 |
1,397,002 | |||
Industrials (14.1%) | |||
Raytheon Technologies Corp. | 613,119 | 51,968 | |
Honeywell International Inc. | 220,283 | 51,086 | |
* | Boeing Co. | 216,776 | 47,582 |
General Electric Co. | 441,918 | 46,583 | |
3M Co. | 200,040 | 38,956 | |
Fidelity National Information Services Inc. | 250,625 | 32,022 | |
Capital One Financial Corp. | 181,314 | 30,093 | |
CSX Corp. | 917,796 | 29,856 | |
Eaton Corp. plc | 161,113 | 27,125 | |
* | Fiserv Inc. | 225,379 | 26,547 |
Norfolk Southern Corp. | 100,953 | 25,596 | |
Emerson Electric Co. | 241,363 | 25,464 | |
Johnson Controls International plc | 289,955 | 21,689 | |
Union Pacific Corp. | 99,031 | 21,474 | |
Northrop Grumman Corp. | 55,636 | 20,457 | |
General Dynamics Corp. | 101,626 | 20,357 | |
Global Payments Inc. | 118,597 | 19,289 | |
L3Harris Technologies Inc. | 82,648 | 19,258 | |
IHS Markit Ltd. | 151,147 | 18,228 | |
Accenture plc Class A | 50,315 | 16,934 | |
Otis Worldwide Corp. | 173,941 | 16,041 | |
DuPont de Nemours Inc. | 215,521 | 15,953 | |
American Express Co. | 95,997 | 15,932 | |
FedEx Corp. | 56,122 | 14,911 | |
Cummins Inc. | 58,926 | 13,905 | |
Parker-Hannifin Corp. | 43,650 | 12,950 | |
AMETEK Inc. | 92,911 | 12,633 | |
Stanley Black & Decker Inc. | 65,017 | 12,566 | |
PACCAR Inc. | 137,474 | 11,255 | |
Carrier Global Corp. | 186,941 | 10,768 | |
Dover Corp. | 58,051 | 10,122 | |
Vulcan Materials Co. | 53,540 | 9,955 | |
Trane Technologies plc | 49,651 | 9,856 | |
Fortive Corp. | 131,868 | 9,741 | |
* | Trimble Inc. | 101,295 | 9,544 |
Martin Marietta Materials Inc. | 25,009 | 9,535 | |
Synchrony Financial | 191,169 | 9,511 | |
* | TransDigm Group Inc. | 14,822 | 9,004 |
PPG Industries Inc. | 55,569 | 8,866 | |
Ball Corp. | 91,469 | 8,777 | |
* | Teledyne Technologies Inc. | 18,600 | 8,619 |
Equifax Inc. | 30,403 | 8,277 | |
* | Ingersoll Rand Inc. | 152,751 | 8,099 |
Amcor plc | 623,308 | 8,009 |
Shares | Market Value• ($000) | ||
Kansas City Southern | 26,983 | 7,573 | |
* | Keysight Technologies Inc. | 42,160 | 7,563 |
Jacobs Engineering Group Inc. | 52,246 | 7,051 | |
IDEX Corp. | 30,856 | 6,912 | |
* | United Rentals Inc. | 19,294 | 6,804 |
Textron Inc. | 91,722 | 6,665 | |
* | FleetCor Technologies Inc. | 25,302 | 6,661 |
Westinghouse Air Brake Technologies Corp. | 73,626 | 6,611 | |
Caterpillar Inc. | 30,835 | 6,502 | |
Masco Corp. | 102,762 | 6,240 | |
Rockwell Automation Inc. | 18,603 | 6,054 | |
Packaging Corp. of America | 38,023 | 5,768 | |
Quanta Services Inc. | 56,347 | 5,753 | |
Westrock Co. | 106,175 | 5,525 | |
Pentair plc | 67,244 | 5,188 | |
Crown Holdings Inc. | 45,567 | 5,003 | |
Snap-on Inc. | 21,836 | 4,912 | |
Verisk Analytics Inc. Class A | 23,455 | 4,732 | |
Howmet Aerospace Inc. | 147,984 | 4,698 | |
Nordson Corp. | 19,529 | 4,660 | |
Lennox International Inc. | 13,888 | 4,655 | |
* | Mohawk Industries Inc. | 23,282 | 4,604 |
Lockheed Martin Corp. | 12,550 | 4,515 | |
Hubbell Inc. Class B | 21,758 | 4,484 | |
* | Builders FirstSource Inc. | 83,637 | 4,457 |
Fortune Brands Home & Security Inc. | 41,264 | 4,018 | |
Owens Corning | 41,724 | 3,987 | |
Jack Henry & Associates Inc. | 22,347 | 3,942 | |
CH Robinson Worldwide Inc. | 43,367 | 3,906 | |
A O Smith Corp. | 53,143 | 3,865 | |
* | AECOM | 57,118 | 3,745 |
* | Sensata Technologies Holding plc | 62,438 | 3,695 |
Watsco Inc. | 13,120 | 3,653 | |
* | Berry Global Group Inc. | 54,079 | 3,632 |
AptarGroup Inc. | 26,897 | 3,626 | |
Genpact Ltd. | 69,591 | 3,610 | |
Knight-Swift Transportation Holdings Inc. | 64,356 | 3,342 | |
Xylem Inc. | 24,468 | 3,335 | |
Huntington Ingalls Industries Inc. | 16,323 | 3,333 | |
ITT Inc. | 34,561 | 3,306 | |
Oshkosh Corp. | 27,380 | 3,137 | |
AGCO Corp. | 22,570 | 3,106 | |
Illinois Tool Works Inc. | 13,135 | 3,059 | |
Donaldson Co. Inc. | 44,352 | 3,005 | |
TransUnion | 24,189 | 2,940 | |
Automatic Data Processing Inc. | 13,667 | 2,857 | |
* | Middleby Corp. | 15,348 | 2,808 |
Woodward Inc. | 22,997 | 2,781 | |
Littelfuse Inc. | 9,563 | 2,729 | |
Carlisle Cos. Inc. | 12,771 | 2,691 | |
Western Union Co. | 123,046 | 2,663 | |
ManpowerGroup Inc. | 21,812 | 2,648 | |
Brunswick Corp. | 27,216 | 2,636 | |
Sonoco Products Co. | 40,165 | 2,623 | |
Acuity Brands Inc. | 14,143 | 2,610 | |
Eagle Materials Inc. | 16,575 | 2,600 |
Shares | Market Value• ($000) | ||
MDU Resources Group Inc. | 79,746 | 2,565 | |
Regal Beloit Corp. | 16,377 | 2,447 | |
* | Colfax Corp. | 49,856 | 2,402 |
HEICO Corp. Class A | 21,019 | 2,401 | |
Louisiana-Pacific Corp. | 37,698 | 2,392 | |
nVent Electric plc | 67,568 | 2,322 | |
Expeditors International of Washington Inc. | 18,294 | 2,280 | |
* | Axalta Coating Systems Ltd. | 68,886 | 2,104 |
Valmont Industries Inc. | 8,396 | 2,089 | |
* | MasTec Inc. | 22,453 | 2,053 |
Flowserve Corp. | 52,003 | 2,021 | |
Graco Inc. | 25,588 | 2,007 | |
Curtiss-Wright Corp. | 16,438 | 2,002 | |
Crane Co. | 19,525 | 1,987 | |
Alliance Data Systems Corp. | 19,788 | 1,941 | |
Paychex Inc. | 16,632 | 1,904 | |
* | FTI Consulting Inc. | 13,440 | 1,878 |
RPM International Inc. | 21,321 | 1,754 | |
Sealed Air Corp. | 27,892 | 1,702 | |
Air Lease Corp. Class A | 42,793 | 1,701 | |
MSA Safety Inc. | 10,397 | 1,693 | |
Ryder System Inc. | 21,034 | 1,672 | |
Graphic Packaging Holding Co. | 81,133 | 1,665 | |
HEICO Corp. | 13,107 | 1,662 | |
MSC Industrial Direct Co. Inc. Class A | 17,975 | 1,514 | |
Silgan Holdings Inc. | 33,784 | 1,433 | |
WW Grainger Inc. | 3,158 | 1,370 | |
* | Kirby Corp. | 23,804 | 1,276 |
Allegion plc | 8,635 | 1,243 | |
Spirit AeroSystems Holdings Inc. Class A | 29,614 | 1,162 | |
Vontier Corp. | 31,206 | 1,135 | |
* | Mercury Systems Inc. | 22,132 | 1,115 |
* | WEX Inc. | 5,844 | 1,073 |
* | Paysafe Ltd. | 123,445 | 1,044 |
Armstrong World Industries Inc. | 9,819 | 1,020 | |
Old Dominion Freight Line Inc. | 3,474 | 1,003 | |
Cintas Corp. | 2,490 | 985 | |
* | AZEK Co. Inc. Class A | 19,850 | 843 |
* | Euronet Worldwide Inc. | 5,879 | 783 |
* | Waters Corp. | 1,664 | 689 |
JB Hunt Transport Services Inc. | 3,602 | 639 | |
* | Gates Industrial Corp. plc | 38,362 | 628 |
Robert Half International Inc. | 5,444 | 563 | |
BWX Technologies Inc. | 9,365 | 538 | |
* | TuSimple Holdings Inc. Class A | 12,724 | 533 |
ADT Inc. | 60,842 | 521 | |
MKS Instruments Inc. | 3,268 | 481 | |
Schneider National Inc. Class B | 20,942 | 472 | |
* | TopBuild Corp. | 2,147 | 470 |
* | XPO Logistics Inc. | 5,315 | 462 |
* | GXO Logistics Inc. | 5,315 | 435 |
Allison Transmission Holdings Inc. | 10,473 | 387 | |
* | Hayward Holdings Inc. | 15,232 | 319 |
* | StoneCo. Ltd. Class A | 6,038 | 281 |
Shares | Market Value• ($000) | ||
Landstar System Inc. | 1,628 | 274 | |
* | Coherent Inc. | 950 | 240 |
Toro Co. | 2,182 | 240 | |
Ardagh Group SA | 8,865 | 233 | |
* | Virgin Galactic Holdings Inc. | 4,746 | 129 |
* | Diversey Holdings Ltd. | 4,661 | 81 |
* | Marqeta Inc. Class A | 172 | 5 |
1,173,134 | |||
Real Estate (4.8%) | |||
Prologis Inc. | 298,264 | 40,164 | |
Digital Realty Trust Inc. | 113,517 | 18,607 | |
Welltower Inc. | 169,380 | 14,826 | |
SBA Communications Corp. Class A | 36,423 | 13,075 | |
AvalonBay Communities Inc. | 56,163 | 12,894 | |
Equity Residential | 148,593 | 12,492 | |
* | CBRE Group Inc. Class A | 127,793 | 12,306 |
Alexandria Real Estate Equities Inc. | 59,265 | 12,231 | |
Realty Income Corp. | 151,994 | 10,977 | |
Weyerhaeuser Co. | 302,373 | 10,885 | |
Invitation Homes Inc. | 229,470 | 9,450 | |
Sun Communities Inc. | 44,788 | 9,024 | |
Extra Space Storage Inc. | 48,134 | 8,997 | |
Equinix Inc. | 10,547 | 8,896 | |
Mid-America Apartment Communities Inc. | 46,052 | 8,859 | |
Essex Property Trust Inc. | 26,302 | 8,699 | |
Ventas Inc. | 151,569 | 8,479 | |
Duke Realty Corp. | 151,516 | 7,956 | |
Healthpeak Properties Inc. | 218,225 | 7,856 | |
Boston Properties Inc. | 63,297 | 7,152 | |
VICI Properties Inc. | 217,595 | 6,726 | |
UDR Inc. | 119,868 | 6,475 | |
Camden Property Trust | 38,663 | 5,801 | |
WP Carey Inc. | 71,553 | 5,590 | |
Kimco Realty Corp. | 234,481 | 5,109 | |
* | Jones Lang LaSalle Inc. | 20,931 | 5,074 |
Medical Properties Trust Inc. | 237,895 | 4,872 | |
American Homes 4 Rent Class A | 113,818 | 4,774 | |
VEREIT Inc. | 93,851 | 4,742 | |
* | Host Hotels & Resorts Inc. | 285,129 | 4,722 |
Regency Centers Corp. | 67,699 | 4,646 | |
Public Storage | 14,242 | 4,609 | |
Gaming and Leisure Properties Inc. | 89,861 | 4,430 | |
CubeSmart | 80,407 | 4,302 | |
CyrusOne Inc. | 50,194 | 3,864 | |
Life Storage Inc. | 30,642 | 3,813 | |
Americold Realty Trust | 103,034 | 3,785 | |
Federal Realty Investment Trust | 30,978 | 3,772 | |
STORE Capital Corp. | 97,728 | 3,525 | |
Rexford Industrial Realty Inc. | 53,808 | 3,332 | |
National Retail Properties Inc. | 69,883 | 3,327 | |
Apartment Income REIT Corp. | 63,379 | 3,221 | |
Omega Healthcare Investors Inc. | 94,017 | 3,152 | |
Kilroy Realty Corp. | 46,456 | 3,050 | |
Vornado Realty Trust | 71,998 | 3,015 |
Shares | Market Value• ($000) | ||
* | CoStar Group Inc. | 35,054 | 2,971 |
First Industrial Realty Trust Inc. | 51,422 | 2,879 | |
Equity LifeStyle Properties Inc. | 32,801 | 2,790 | |
American Campus Communities Inc. | 54,836 | 2,788 | |
Brixmor Property Group Inc. | 118,595 | 2,781 | |
Healthcare Trust of America Inc. Class A | 87,128 | 2,643 | |
Spirit Realty Capital Inc. | 45,880 | 2,375 | |
Simon Property Group Inc. | 17,219 | 2,315 | |
Cousins Properties Inc. | 59,372 | 2,289 | |
Douglas Emmett Inc. | 66,691 | 2,202 | |
Rayonier Inc. | 56,663 | 2,084 | |
SL Green Realty Corp. | 28,049 | 1,966 | |
* | Opendoor Technologies Inc. | 110,817 | 1,965 |
Highwoods Properties Inc. | 41,170 | 1,881 | |
* | Park Hotels & Resorts Inc. | 93,940 | 1,798 |
Iron Mountain Inc. | 33,882 | 1,618 | |
Hudson Pacific Properties Inc. | 58,877 | 1,553 | |
* | Howard Hughes Corp. | 17,139 | 1,552 |
EPR Properties | 29,542 | 1,499 | |
JBG SMITH Properties | 49,673 | 1,497 | |
CoreSite Realty Corp. | 4,282 | 635 | |
Lamar Advertising Co. Class A | 4,172 | 475 | |
398,109 | |||
Technology (8.6%) | |||
Intel Corp. | 1,636,307 | 88,459 | |
* | salesforce.com Inc. | 302,001 | 80,112 |
* | Alphabet Inc. Class A | 16,810 | 48,647 |
* | Alphabet Inc. Class C | 16,065 | 46,737 |
International Business Machines Corp. | 312,330 | 43,832 | |
* | Micron Technology Inc. | 391,238 | 28,834 |
Texas Instruments Inc. | 141,949 | 27,099 | |
Analog Devices Inc. | 130,652 | 21,290 | |
Roper Technologies Inc. | 42,491 | 20,535 | |
Marvell Technology Inc. | 327,066 | 20,013 | |
* | Twitter Inc. | 281,623 | 18,165 |
* | Twilio Inc. Class A | 47,299 | 16,884 |
NXP Semiconductors NV | 77,115 | 16,590 | |
Cognizant Technology Solutions Corp. Class A | 213,341 | 16,280 | |
HP Inc. | 330,701 | 9,835 | |
* | VeriSign Inc. | 39,894 | 8,627 |
* | Qorvo Inc. | 45,554 | 8,566 |
Corning Inc. | 203,933 | 8,155 | |
Hewlett Packard Enterprise Co. | 526,141 | 8,134 | |
* | Western Digital Corp. | 124,123 | 7,845 |
* | ANSYS Inc. | 20,754 | 7,583 |
* | Synopsys Inc. | 22,715 | 7,547 |
* | Akamai Technologies Inc. | 64,929 | 7,353 |
SS&C Technologies Holdings Inc. | 90,808 | 6,871 | |
Skyworks Solutions Inc. | 35,071 | 6,434 | |
* | Ceridian HCM Holding Inc. | 52,564 | 5,906 |
* | Dell Technologies Inc. Class C | 57,700 | 5,623 |
Leidos Holdings Inc. | 57,186 | 5,611 | |
Amphenol Corp. Class A | 67,728 | 5,190 | |
* | F5 Networks Inc. | 23,806 | 4,846 |
* | Black Knight Inc. | 61,660 | 4,666 |
Shares | Market Value• ($000) | ||
* | GoDaddy Inc. Class A | 61,088 | 4,478 |
NortonLifeLock Inc. | 164,156 | 4,360 | |
Oracle Corp. | 47,476 | 4,232 | |
* | Clarivate plc | 167,539 | 4,220 |
* | IAC/Inter Active Corp. | 31,268 | 4,129 |
Amdocs Ltd. | 52,702 | 4,060 | |
* | Guidewire Software Inc. | 33,507 | 3,969 |
* | Cree Inc. | 46,181 | 3,924 |
* | Nuance Communications Inc. | 70,749 | 3,895 |
* | DXC Technology Co. | 101,600 | 3,731 |
* | Arrow Electronics Inc. | 30,678 | 3,719 |
* | ON Semiconductor Corp. | 78,074 | 3,463 |
Citrix Systems Inc. | 31,976 | 3,289 | |
*,1 | VMware Inc. Class A | 20,632 | 3,071 |
* | Concentrix Corp. | 16,955 | 2,940 |
NetApp Inc. | 30,184 | 2,684 | |
Dolby Laboratories Inc. Class A | 25,797 | 2,557 | |
Microchip Technology Inc. | 15,717 | 2,473 | |
* | CACI International Inc. Class A | 9,407 | 2,423 |
* | IPG Photonics Corp. | 13,476 | 2,300 |
National Instruments Corp. | 52,438 | 2,193 | |
* | Change Healthcare Inc. | 98,595 | 2,152 |
SYNNEX Corp. | 16,762 | 2,130 | |
Science Applications International Corp. | 23,160 | 1,951 | |
* | Manhattan Associates Inc. | 11,925 | 1,944 |
* | Cirrus Logic Inc. | 23,146 | 1,937 |
* | Fastly Inc. Class A | 42,205 | 1,840 |
CDK Global Inc. | 41,241 | 1,716 | |
Avnet Inc. | 39,837 | 1,612 | |
* | NCR Corp. | 33,640 | 1,429 |
Xerox Holdings Corp. | 61,291 | 1,380 | |
* | FireEye Inc. | 66,275 | 1,206 |
* | Dun & Bradstreet Holdings Inc. | 64,066 | 1,174 |
* | Tyler Technologies Inc. | 2,350 | 1,141 |
* | Duck Creek Technologies Inc. | 22,332 | 1,041 |
* | Vroom Inc. | 34,669 | 931 |
* | Snowflake Inc. Class A | 2,998 | 912 |
Jabil Inc. | 14,087 | 870 | |
* | DoorDash Inc. Class A | 4,293 | 822 |
* | Cloudflare Inc. Class A | 5,670 | 685 |
* | Medallia Inc. | 18,742 | 633 |
Brooks Automation Inc. | 5,126 | 435 | |
* | Teradata Corp. | 6,281 | 344 |
* | Dynatrace Inc. | 4,112 | 283 |
* | C3.ai Inc. Class A | 5,359 | 276 |
* | Datto Holding Corp. | 9,532 | 243 |
SolarWinds Corp. | 13,968 | 238 | |
* | N-Able Inc. | 13,968 | 189 |
* | Pure Storage Inc. Class A | 6,854 | 177 |
* | Vimeo Inc. | 3,790 | 144 |
McAfee Corp.Class A | 4,144 | 110 | |
* | Jamf Holding Corp. | 3,093 | 109 |
Pegasystems Inc. | 735 | 101 | |
714,534 | |||
Telecommunications (5.7%) | |||
Comcast Corp. Class A | 1,846,219 | 112,028 | |
Cisco Systems Inc. | 1,710,262 | 100,940 | |
Verizon Communications Inc. | 1,675,070 | 92,129 | |
AT&T Inc. | 2,891,140 | 79,275 | |
* | T-Mobile U.S. Inc. | 238,483 | 32,677 |
Shares | Market Value• ($000) | ||
Motorola Solutions Inc. | 67,303 | 16,437 | |
* | Liberty Broadband Corp. Class C | 60,887 | 11,649 |
Lumen Technologies Inc. | 447,690 | 5,506 | |
* | DISH Network Corp. Class A | 99,624 | 4,342 |
Juniper Networks Inc. | 130,906 | 3,794 | |
* | Ciena Corp. | 63,755 | 3,642 |
* | Lumentum Holdings Inc. | 30,423 | 2,636 |
* | Charter Communications Inc. Class A | 2,882 | 2,354 |
Cable One Inc. | 1,021 | 2,144 | |
* | Liberty Broadband Corp. Class A | 10,312 | 1,916 |
* | ViaSat Inc. | 24,425 | 1,261 |
* | Arista Networks Inc. | 2,752 | 1,017 |
* | Altice USA Inc. Class A | 25,773 | 707 |
Ubiquiti Inc. | 246 | 80 | |
474,534 | |||
Utilities (5.4%) | |||
NextEra Energy Inc. | 793,572 | 66,652 | |
Duke Energy Corp. | 311,057 | 32,555 | |
Southern Co. | 427,716 | 28,114 | |
Dominion Energy Inc. | 325,176 | 25,312 | |
Waste Management Inc. | 143,406 | 22,244 | |
Exelon Corp. | 394,603 | 19,343 | |
American Electric Power Co. Inc. | 202,753 | 18,161 | |
Sempra Energy | 127,837 | 16,920 | |
Xcel Energy Inc. | 218,756 | 15,039 | |
American Water Works Co. Inc. | 73,304 | 13,360 | |
Public Service Enterprise Group Inc. | 203,343 | 13,002 | |
Eversource Energy | 138,495 | 12,566 | |
WEC Energy Group Inc. | 127,360 | 12,033 | |
Republic Services Inc. Class A | 84,794 | 10,525 | |
Consolidated Edison Inc. | 138,648 | 10,461 | |
DTE Energy Co. | 77,927 | 9,378 | |
PPL Corp. | 311,364 | 9,139 | |
Ameren Corp. | 102,859 | 9,023 | |
Entergy Corp. | 80,924 | 8,951 | |
Edison International | 150,770 | 8,721 | |
FirstEnergy Corp. | 219,837 | 8,545 | |
CMS Energy Corp. | 118,012 | 7,568 | |
AES Corp. | 268,257 | 6,403 | |
Evergy Inc. | 92,854 | 6,356 | |
Alliant Energy Corp. | 101,053 | 6,143 | |
CenterPoint Energy Inc. | 235,967 | 5,920 | |
* | PG&E Corp. | 612,294 | 5,615 |
Atmos Energy Corp. | 52,523 | 5,121 | |
Essential Utilities Inc. | 91,491 | 4,541 | |
UGI Corp. | 85,003 | 3,936 | |
NiSource Inc. | 156,854 | 3,866 | |
Vistra Corp. | 191,967 | 3,665 | |
* | Sunrun Inc. | 80,941 | 3,582 |
Pinnacle West Capital Corp. | 45,184 | 3,475 | |
OGE Energy Corp. | 79,836 | 2,827 | |
* | Stericycle Inc. | 36,645 | 2,550 |
NRG Energy Inc. | 53,369 | 2,437 | |
IDACORP Inc. | 20,049 | 2,112 | |
* | Clean Harbors Inc. | 20,194 | 2,072 |
Hawaiian Electric Industries Inc. | 42,145 | 1,838 | |
National Fuel Gas Co. | 35,046 | 1,816 |
Shares | Market Value• ($000) | ||
Brookfield Renewable Corp. Class A | 38,141 | 1,671 | |
Avangrid Inc. | 22,836 | 1,248 | |
454,806 | |||
Total Common Stocks (Cost $6,942,957) | 8,312,333 | ||
Temporary Cash Investments (0.3%) | |||
Money Market Fund (0.3%) | |||
2,3 | Vanguard Market Liquidity Fund, 0.068% (Cost $22,889) | 228,889 | 22,889 |
Total Investments (99.9%) (Cost $6,965,846) | 8,335,222 | ||
Other Assets and Liabilities—Net (0.1%) | 6,574 | ||
Net Assets (100%) | 8,341,796 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $9,101,000. |
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 $9,406,000 was received for securities on loan, of which $9,405,000 is held in Vanguard Market Liquidity Fund and $1,000 is held in cash. |
REIT—Real Estate Investment Trust. |
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 | September 2021 | 101 | 22,829 | 349 |
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) |
International Business Machines Corp. | 8/31/22 | BOANA | 6,877 | (0.080) | 25 | — |
1 | Based on 1M USD Overnight Bank Funding Rate 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 $6,942,957) | 8,312,333 |
Affiliated Issuers (Cost $22,889) | 22,889 |
Total Investments in Securities | 8,335,222 |
Investment in Vanguard | 274 |
Cash | 1 |
Cash Collateral Pledged—Futures Contracts | 1,070 |
Receivables for Investment Securities Sold | 1,320 |
Receivables for Accrued Income | 15,081 |
Receivables for Capital Shares Issued | 1,085 |
Unrealized Appreciation—Over-the-Counter Swap Contracts | 25 |
Total Assets | 8,354,078 |
Liabilities | |
Due to Custodian | 1,411 |
Collateral for Securities on Loan | 9,406 |
Payables for Capital Shares Redeemed | 1,159 |
Payables to Vanguard | 284 |
Variation Margin Payable—Futures Contracts | 22 |
Total Liabilities | 12,282 |
Net Assets | 8,341,796 |
At August 31, 2021, net assets consisted of: | |
Paid-in Capital | 7,351,621 |
Total Distributable Earnings (Loss) | 990,175 |
Net Assets | 8,341,796 |
ETF Shares—Net Assets | |
Applicable to 91,827,450 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 6,568,933 |
Net Asset Value Per Share—ETF Shares | $71.54 |
Institutional Shares—Net Assets | |
Applicable to 6,345,148 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,772,863 |
Net Asset Value Per Share—Institutional Shares | $279.40 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends | 117,944 |
Interest1 | 8 |
Securities Lending—Net | 150 |
Total Income | 118,102 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 860 |
Management and Administrative—ETF Shares | 2,125 |
Management and Administrative—Institutional Shares | 635 |
Marketing and Distribution—ETF Shares | 183 |
Marketing and Distribution—Institutional Shares | 45 |
Custodian Fees | 475 |
Auditing Fees | 29 |
Shareholders’ Reports—ETF Shares | 66 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 2 |
Total Expenses | 4,421 |
Net Investment Income | 113,681 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 344,551 |
Futures Contracts | 2,306 |
Swap Contracts | 1,019 |
Realized Net Gain (Loss) | 347,876 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 1,158,270 |
Futures Contracts | 345 |
Swap Contracts | (424) |
Change in Unrealized Appreciation (Depreciation) | 1,158,191 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,619,748 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $8,000, less than $1,000, and less than ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $355,137,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 113,681 | 100,739 |
Realized Net Gain (Loss) | 347,876 | (100,042) |
Change in Unrealized Appreciation (Depreciation) | 1,158,191 | 59,529 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,619,748 | 60,226 |
Distributions | ||
ETF Shares | (75,646) | (60,505) |
Institutional Shares | (27,447) | (42,607) |
Total Distributions | (103,093) | (103,112) |
Capital Share Transactions | ||
ETF Shares | 2,819,628 | 674,867 |
Institutional Shares | 152,685 | (582,146) |
Net Increase (Decrease) from Capital Share Transactions | 2,972,313 | 92,721 |
Total Increase (Decrease) | 4,488,968 | 49,835 |
Net Assets | ||
Beginning of Period | 3,852,828 | 3,802,993 |
End of Period | 8,341,796 | 3,852,828 |
ETF Shares | |||||
For a Share Outstanding1 Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $53.52 | $54.61 | $55.60 | $50.66 | $46.57 |
Investment Operations | |||||
Net Investment Income2 | 1.282 | 1.408 | 1.357 | 1.261 | 1.219 |
Net Realized and Unrealized Gain (Loss) on Investments | 17.932 | (1.056) | (1.054) | 4.918 | 4.054 |
Total from Investment Operations | 19.214 | .352 | .303 | 6.179 | 5.273 |
Distributions | |||||
Dividends from Net Investment Income | (1.194) | (1.442) | (1.293) | (1.239) | (1.183) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (1.194) | (1.442) | (1.293) | (1.239) | (1.183) |
Net Asset Value, End of Period | $71.54 | $53.52 | $54.61 | $55.60 | $50.66 |
Total Return | 36.32% | 0.75% | 0.60% | 12.36% | 11.45% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $6,569 | $2,646 | $1,914 | $1,487 | $1,153 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.12% | 0.12% |
Ratio of Net Investment Income to Average Net Assets | 1.99% | 2.65% | 2.51% | 2.35% | 2.48% |
Portfolio Turnover Rate3 | 19% | 24% | 17% | 16% | 22% |
1 | Adjusted to reflect a 2-for-1 share split effective at the beginning of trading on April 20, 2021. |
2 | Calculated based on average shares outstanding. |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $209.00 | $213.25 | $217.14 | $197.85 | $181.86 |
Investment Operations | |||||
Net Investment Income1 | 5.002 | 5.594 | 5.294 | 4.978 | 4.850 |
Net Realized and Unrealized Gain (Loss) on Investments | 70.071 | (4.226) | (4.087) | 19.227 | 15.821 |
Total from Investment Operations | 75.073 | 1.368 | 1.207 | 24.205 | 20.671 |
Distributions | |||||
Dividends from Net Investment Income | (4.673) | (5.618) | (5.097) | (4.915) | (4.681) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (4.673) | (5.618) | (5.097) | (4.915) | (4.681) |
Net Asset Value, End of Period | $279.40 | $209.00 | $213.25 | $217.14 | $197.85 |
Total Return | 36.35% | 0.81% | 0.61% | 12.39% | 11.49% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $1,773 | $1,207 | $1,889 | $1,603 | $1,541 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 2.01% | 2.64% | 2.52% | 2.39% | 2.52% |
Portfolio Turnover Rate2 | 19% | 24% | 17% | 16% | 22% |
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 | 8,312,333 | — | — | 8,312,333 |
Temporary Cash Investments | 22,889 | — | — | 22,889 |
Total | 8,335,222 | — | — | 8,335,222 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 349 | — | — | 349 |
Swap Contracts | — | 25 | — | 25 |
Total | 349 | 25 | — | 374 |
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. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for in-kind redemptions, passive foreign investment companies and swap agreements were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 355,123 |
Total Distributable Earnings (Loss) | (355,123) |
Amount ($000) | |
Undistributed Ordinary Income | 29,869 |
Undistributed Long-Term Gains | — |
Capital Loss Carryforwards | (402,211) |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 1,362,517 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 103,093 | 103,112 |
Long-Term Capital Gains | — | — |
Total | 103,093 | 103,112 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 6,972,705 |
Gross Unrealized Appreciation | 1,557,303 |
Gross Unrealized Depreciation | (194,786) |
Net Unrealized Appreciation (Depreciation) | 1,362,517 |
E. | During the year ended August 31, 2021, the fund purchased $5,109,076,000 of investment securities and sold $2,148,398,000 of investment securities, other than temporary cash investments. Purchases and sales include $3,656,134,000 and $1,042,601,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | During the year ended August 31, 2021, the fund’s ETF Shares underwent a 2-for-1 share split. Each shareholder of record as of the close of business on April 19, 2021, received 2 shares for every 1 ETF Share held on that date. The split had no effect on net assets or total return. Capital share transactions for each class of shares were: |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares1 | |||||
Issued | 3,870,717 | 58,327 | 1,468,858 | 29,550 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,051,089) | (15,950) | (793,991) | (15,150) | |
Net Increase (Decrease)—ETF Shares | 2,819,628 | 42,377 | 674,867 | 14,400 |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Institutional Shares | |||||
Issued | 565,635 | 2,234 | 342,811 | 1,698 | |
Issued in Lieu of Cash Distributions | 24,296 | 102 | 38,347 | 191 | |
Redeemed | (437,246) | (1,764) | (963,304) | (4,974) | |
Net Increase (Decrease)—Institutional Shares | 152,685 | 572 | (582,146) | (3,085) |
1 | Shares adjusted to reflect a 2-for-1 share split effective at the beginning of trading on April 20, 2021. |
G. | Management has determined that no events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Year | Ten Years | Final Value of a $10,000 Investment | ||
Russell 1000 Growth Index Fund ETF Shares Net Asset Value | 28.40% | 24.22% | 19.31% | $58,458 | |
Russell 1000 Index Fund ETF Shares Market Price | 28.35 | 24.22 | 19.32 | 58,474 | |
Russell 1000 Growth Index | 28.53 | 24.35 | 19.45 | 59,135 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.16 | 44,721 |
One Year | Five Years | Ten Years | Final Value of a $5,000,000 Investment | ||
Russell 1000 Growth Index Fund Institutional Shares | 28.42% | 24.26% | 19.36% | $29,347,929 | |
Russell 1000 Growth Index | 28.53 | 24.35 | 19.45 | 29,567,365 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.16 | 22,360,680 |
One Year | Five Years | Ten Years | |
Russell 1000 Growth Index Fund ETF Shares Market Price | 28.35% | 195.80% | 484.74% |
Russell 1000 Growth Index Fund ETF Shares Net Asset Value | 28.40 | 195.83 | 484.58 |
Russell 1000 Growth Index | 28.53 | 197.34 | 491.35 |
Basic Materials | 0.6% |
Consumer Discretionary | 21.1 |
Consumer Staples | 2.7 |
Energy | 0.4 |
Financials | 2.2 |
Health Care | 9.0 |
Industrials | 13.1 |
Real Estate | 1.9 |
Technology | 48.1 |
Telecommunications | 0.8 |
Utilities | 0.1 |
Shares | Market Value• ($000) | ||
Common Stocks (99.8%) | |||
Basic Materials (0.6%) | |||
Ecolab Inc. | 106,960 | 24,104 | |
Fastenal Co. | 248,088 | 13,856 | |
Freeport-McMoRan Inc. | 209,208 | 7,613 | |
Avery Dennison Corp. | 21,505 | 4,847 | |
Celanese Corp. Class A | 19,955 | 3,165 | |
Scotts Miracle-Gro Co. | 19,756 | 3,098 | |
Southern Copper Corp. | 37,380 | 2,340 | |
W R Grace & Co. | 27,480 | 1,914 | |
Dow Inc. | 26,229 | 1,650 | |
LyondellBasell Industries NV Class A | 15,843 | 1,590 | |
FMC Corp. | 15,962 | 1,494 | |
Chemours Co. | 41,353 | 1,386 | |
Steel Dynamics Inc. | 18,287 | 1,234 | |
Westlake Chemical Corp. | 3,200 | 279 | |
Olin Corp. | 5,210 | 260 | |
68,830 | |||
Consumer Discretionary (21.1%) | |||
* | Amazon.com Inc. | 211,837 | 735,242 |
* | Tesla Inc. | 378,733 | 278,641 |
Home Depot Inc. | 524,876 | 171,204 | |
* | Netflix Inc. | 210,809 | 119,990 |
NIKE Inc. Class B | 604,695 | 99,617 | |
Costco Wholesale Corp. | 201,689 | 91,867 | |
Lowe's Cos. Inc. | 350,333 | 71,429 | |
Starbucks Corp. | 575,094 | 67,568 | |
* | Booking Holdings Inc. | 19,948 | 45,874 |
TJX Cos. Inc. | 588,532 | 42,798 | |
Estee Lauder Cos. Inc. Class A | 111,686 | 38,028 | |
Target Corp. | 108,770 | 26,864 | |
* | Uber Technologies Inc. | 674,082 | 26,384 |
* | Chipotle Mexican Grill Inc. Class A | 13,637 | 25,956 |
eBay Inc. | 332,328 | 25,503 | |
* | Lululemon Athletica Inc. | 55,556 | 22,232 |
Ross Stores Inc. | 170,813 | 20,224 | |
* | Marriott International Inc. Class A | 132,717 | 17,935 |
* | Trade Desk Inc. Class A | 208,965 | 16,728 |
* | Spotify Technology SA | 66,588 | 15,604 |
McDonald's Corp. | 64,864 | 15,403 | |
* | Copart Inc. | 101,897 | 14,706 |
* | Etsy Inc. | 61,815 | 13,368 |
* | Peloton Interactive Inc. Class A | 128,737 | 12,898 |
* | Delta Air Lines Inc. | 311,647 | 12,603 |
Shares | Market Value• ($000) | ||
* | Carvana Co. Class A | 37,540 | 12,315 |
* | Hilton Worldwide Holdings Inc. | 89,487 | 11,173 |
Dollar General Corp. | 50,041 | 11,155 | |
Tractor Supply Co. | 56,125 | 10,902 | |
* | Ulta Beauty Inc. | 26,167 | 10,135 |
* | Expedia Group Inc. | 68,862 | 9,951 |
Pool Corp. | 18,950 | 9,367 | |
* | Burlington Stores Inc. | 30,448 | 9,119 |
* | DraftKings Inc. Class A | 148,016 | 8,776 |
* | Walt Disney Co. | 45,237 | 8,201 |
VF Corp. | 101,501 | 7,762 | |
* | Las Vegas Sands Corp. | 161,232 | 7,193 |
Domino's Pizza Inc. | 12,798 | 6,615 | |
* | Lyft Inc. Class A | 136,680 | 6,507 |
Darden Restaurants Inc. | 43,001 | 6,478 | |
DR Horton Inc. | 66,916 | 6,398 | |
* | GameStop Corp. Class A | 28,852 | 6,297 |
* | Caesars Entertainment Inc. | 60,333 | 6,132 |
* | O'Reilly Automotive Inc. | 10,297 | 6,117 |
* | Floor & Decor Holdings Inc. Class A | 49,556 | 6,110 |
* | Vail Resorts Inc. | 19,411 | 5,917 |
* | RH | 8,305 | 5,819 |
* | Five Below Inc. | 26,915 | 5,728 |
* | Wayfair Inc. Class A | 20,323 | 5,706 |
* | NVR Inc. | 1,049 | 5,434 |
* | Wynn Resorts Ltd. | 51,539 | 5,241 |
Williams-Sonoma Inc. | 27,781 | 5,187 | |
Bath & Body Works Inc. | 70,691 | 4,770 | |
* | Chegg Inc. | 52,032 | 4,330 |
* | YETI Holdings Inc. | 41,691 | 4,142 |
Tempur Sealy International Inc. | 88,692 | 3,964 | |
Rollins Inc. | 101,701 | 3,958 | |
Churchill Downs Inc. | 17,965 | 3,782 | |
* | Aptiv plc | 24,090 | 3,666 |
* | Mattel Inc. | 169,958 | 3,629 |
* | IAA Inc. | 65,753 | 3,493 |
* | AutoZone Inc. | 2,241 | 3,472 |
* | Bright Horizons Family Solutions Inc. | 23,604 | 3,440 |
Best Buy Co. Inc. | 28,080 | 3,272 | |
Polaris Inc. | 19,467 | 2,331 | |
* | Planet Fitness Inc. Class A | 27,969 | 2,274 |
* | SiteOne Landscape Supply Inc. | 11,215 | 2,244 |
Shares | Market Value• ($000) | ||
* | Live Nation Entertainment Inc. | 25,036 | 2,171 |
Wyndham Hotels & Resorts Inc. | 28,238 | 2,053 | |
* | Zynga Inc. Class A | 231,699 | 2,051 |
Choice Hotels International Inc. | 16,990 | 2,028 | |
PulteGroup Inc. | 37,122 | 1,999 | |
Wendy's Co. | 86,855 | 1,999 | |
Hanesbrands Inc. | 101,115 | 1,889 | |
H&R Block Inc. | 72,780 | 1,867 | |
* | Take-Two Interactive Software Inc. | 11,089 | 1,788 |
* | Sabre Corp. | 154,659 | 1,737 |
Yum! Brands Inc. | 12,210 | 1,600 | |
* | Victoria's Secret & Co. | 23,576 | 1,563 |
Travel + Leisure Co. | 27,518 | 1,507 | |
Toll Brothers Inc. | 22,214 | 1,423 | |
* | Nordstrom Inc. | 45,470 | 1,301 |
* | frontdoor Inc. | 28,499 | 1,243 |
Thor Industries Inc. | 10,596 | 1,202 | |
* | Leslie's Inc. | 47,066 | 1,135 |
* | TripAdvisor Inc. | 29,403 | 1,029 |
Yum China Holdings Inc. | 16,377 | 1,008 | |
* | Playtika Holding Corp. | 37,088 | 979 |
World Wrestling Entertainment Inc. Class A | 18,701 | 974 | |
*,1 | QuantumScape Corp. Class A | 40,489 | 891 |
* | CarMax Inc. | 6,574 | 823 |
* | Deckers Outdoor Corp. | 1,807 | 756 |
* | Madison Square Garden Sports Corp. | 3,450 | 624 |
* | Six Flags Entertainment Corp. | 14,330 | 605 |
* | Tapestry Inc. | 13,561 | 547 |
* | Boyd Gaming Corp. | 8,477 | 520 |
Lithia Motors Inc. Class A | 1,255 | 416 | |
* | Penn National Gaming Inc. | 4,687 | 380 |
* | Skechers USA Inc. Class A | 7,174 | 362 |
Nexstar Media Group Inc. Class A | 1,329 | 199 | |
Columbia Sportswear Co. | 1,188 | 121 | |
* | Petco Health & Wellness Co. Inc. Class A | 2,245 | 48 |
* | Endeavor Group Holdings Inc. Class A | 343 | 9 |
2,328,015 | |||
Consumer Staples (2.6%) | |||
PepsiCo Inc. | 559,669 | 87,527 | |
Coca-Cola Co. | 1,337,812 | 75,332 | |
Altria Group Inc. | 502,481 | 25,240 | |
Sysco Corp. | 237,776 | 18,939 | |
Colgate-Palmolive Co. | 215,973 | 16,835 | |
* | Monster Beverage Corp. | 168,152 | 16,407 |
Kimberly-Clark Corp. | 82,705 | 11,398 | |
Hershey Co. | 61,215 | 10,878 | |
Clorox Co. | 49,070 | 8,246 | |
Kellogg Co. | 54,416 | 3,436 | |
Brown-Forman Corp. Class B | 44,018 | 3,091 | |
*,1 | Beyond Meat Inc. | 24,474 | 2,928 |
* | Freshpet Inc. | 19,840 | 2,542 |
Shares | Market Value• ($000) | ||
* | Boston Beer Co. Inc. Class A | 4,436 | 2,529 |
McKesson Corp. | 11,199 | 2,286 | |
Lamb Weston Holdings Inc. | 21,135 | 1,377 | |
Brown-Forman Corp. Class A | 11,457 | 758 | |
Church & Dwight Co. Inc. | 6,276 | 525 | |
* | Herbalife Nutrition Ltd. | 8,571 | 440 |
* | Darling Ingredients Inc. | 4,074 | 303 |
* | Pilgrim's Pride Corp. | 9,250 | 258 |
291,275 | |||
Energy (0.4%) | |||
* | Enphase Energy Inc. | 64,306 | 11,172 |
* | Cheniere Energy Inc. | 114,149 | 9,984 |
Pioneer Natural Resources Co. | 46,947 | 7,027 | |
* | Plug Power Inc. | 244,066 | 6,360 |
Texas Pacific Land Corp. | 2,799 | 3,806 | |
Diamondback Energy Inc. | 41,733 | 3,219 | |
EOG Resources Inc. | 33,901 | 2,289 | |
Occidental Petroleum Corp. | 52,388 | 1,346 | |
Hess Corp. | 9,252 | 636 | |
Cimarex Energy Co. | 9,848 | 633 | |
Halliburton Co. | 23,019 | 460 | |
New Fortress Energy Inc. Class A | 12,881 | 378 | |
Cabot Oil & Gas Corp. | 22,746 | 361 | |
Continental Resources Inc. | 3,205 | 126 | |
47,797 | |||
Financials (2.2%) | |||
Blackstone Inc. | 332,322 | 41,783 | |
S&P Global Inc. | 83,163 | 36,909 | |
Moody's Corp. | 75,090 | 28,592 | |
Aon plc Class A | 64,284 | 18,441 | |
MSCI Inc. Class A | 27,766 | 17,620 | |
Discover Financial Services | 81,704 | 10,476 | |
Broadridge Financial Solutions Inc. | 51,214 | 8,820 | |
MarketAxess Holdings Inc. | 18,198 | 8,661 | |
Ameriprise Financial Inc. | 31,707 | 8,653 | |
T Rowe Price Group Inc. | 36,335 | 8,134 | |
FactSet Research Systems Inc. | 15,954 | 6,066 | |
LPL Financial Holdings Inc. | 38,860 | 5,746 | |
Apollo Global Management Inc. Class A | 87,048 | 5,204 | |
Marsh & McLennan Cos. Inc. | 29,180 | 4,587 | |
Ares Management Corp. Class A | 58,896 | 4,546 | |
Goldman Sachs Group Inc. | 8,955 | 3,703 | |
Morningstar Inc. | 10,361 | 2,777 | |
Western Alliance Bancorp | 25,783 | 2,515 | |
* | Arch Capital Group Ltd. | 45,229 | 1,859 |
RenaissanceRe Holdings Ltd. | 10,594 | 1,660 | |
Citizens Financial Group Inc. | 36,707 | 1,607 |
Shares | Market Value• ($000) | ||
Erie Indemnity Co. Class A | 8,382 | 1,484 | |
* | Upstart Holdings Inc. | 5,985 | 1,371 |
* | Markel Corp. | 1,071 | 1,360 |
Rocket Cos. Inc. Class A | 65,925 | 1,144 | |
Everest Re Group Ltd. | 4,273 | 1,132 | |
Lincoln National Corp. | 14,375 | 987 | |
* | Alleghany Corp. | 746 | 505 |
Raymond James Financial Inc. | 2,982 | 417 | |
Brown & Brown Inc. | 6,950 | 404 | |
Synovus Financial Corp. | 5,220 | 225 | |
* | Credit Acceptance Corp. | 334 | 194 |
Sterling Bancorp | 7,402 | 169 | |
* | Lemonade Inc. | 1,891 | 143 |
* | GoHealth Inc. Class A | 19,620 | 95 |
UWM Holdings Corp. | 10,821 | 80 | |
238,069 | |||
Health Care (9.0%) | |||
AbbVie Inc. | 862,274 | 104,145 | |
Eli Lilly & Co. | 326,875 | 84,429 | |
* | Moderna Inc. | 165,081 | 62,184 |
* | Intuitive Surgical Inc. | 57,664 | 60,753 |
Abbott Laboratories | 423,837 | 53,560 | |
Amgen Inc. | 230,789 | 52,050 | |
Zoetis Inc. | 219,603 | 44,922 | |
* | Edwards Lifesciences Corp. | 301,455 | 35,325 |
* | Illumina Inc. | 71,162 | 32,532 |
HCA Healthcare Inc. | 127,011 | 32,131 | |
* | IDEXX Laboratories Inc. | 41,264 | 27,802 |
* | Align Technology Inc. | 38,456 | 27,265 |
* | DexCom Inc. | 47,010 | 24,888 |
Agilent Technologies Inc. | 133,000 | 23,338 | |
* | Veeva Systems Inc. Class A | 66,763 | 22,164 |
Stryker Corp. | 72,599 | 20,117 | |
ResMed Inc. | 63,177 | 18,355 | |
West Pharmaceutical Services Inc. | 35,818 | 16,176 | |
UnitedHealth Group Inc. | 31,612 | 13,159 | |
* | IQVIA Holdings Inc. | 45,980 | 11,942 |
* | Alnylam Pharmaceuticals Inc. | 57,203 | 11,522 |
* | Avantor Inc. | 282,663 | 11,148 |
* | Vertex Pharmaceuticals Inc. | 50,602 | 10,135 |
* | Charles River Laboratories International Inc. | 22,782 | 10,112 |
* | Seagen Inc. | 58,091 | 9,736 |
* | Insulet Corp. | 32,176 | 9,582 |
Thermo Fisher Scientific Inc. | 17,267 | 9,582 | |
Bio-Techne Corp. | 18,843 | 9,405 | |
* | Novavax Inc. | 35,980 | 8,583 |
* | Exact Sciences Corp. | 76,965 | 8,034 |
* | ABIOMED Inc. | 21,651 | 7,880 |
* | 10X Genomics Inc. Class A | 40,770 | 7,172 |
* | Repligen Corp. | 25,093 | 7,101 |
* | Novocure Ltd. | 49,961 | 6,705 |
* | Incyte Corp. | 77,038 | 5,893 |
* | Guardant Health Inc. | 44,055 | 5,607 |
Danaher Corp. | 16,125 | 5,227 | |
* | Masimo Corp. | 17,683 | 4,802 |
* | Penumbra Inc. | 16,487 | 4,533 |
* | Natera Inc. | 37,353 | 4,424 |
Shares | Market Value• ($000) | ||
Bruker Corp. | 49,892 | 4,406 | |
Cardinal Health Inc. | 83,638 | 4,390 | |
* | Neurocrine Biosciences Inc. | 45,609 | 4,342 |
Royalty Pharma plc Class A | 93,859 | 3,628 | |
* | Acceleron Pharma Inc. | 26,052 | 3,488 |
* | Regeneron Pharmaceuticals Inc. | 5,099 | 3,434 |
* | Tandem Diabetes Care Inc. | 27,995 | 3,140 |
* | DaVita Inc. | 23,952 | 3,132 |
* | Sarepta Therapeutics Inc. | 37,129 | 2,901 |
* | Mirati Therapeutics Inc. | 15,978 | 2,712 |
* | Amedisys Inc. | 13,762 | 2,525 |
* | Ionis Pharmaceuticals Inc. | 62,969 | 2,504 |
* | Exelixis Inc. | 129,083 | 2,475 |
* | Catalent Inc. | 18,583 | 2,424 |
* | Ultragenyx Pharmaceutical Inc. | 23,364 | 2,250 |
* | Maravai LifeSciences Holdings Inc. Class A | 36,740 | 2,174 |
* | Horizon Therapeutics plc | 19,830 | 2,143 |
Encompass Health Corp. | 27,283 | 2,140 | |
* | Oak Street Health Inc. | 45,702 | 2,136 |
* | Adaptive Biotechnologies Corp. | 47,268 | 1,717 |
*,1 | CureVac NV | 25,831 | 1,700 |
Teleflex Inc. | 3,940 | 1,558 | |
* | PPD Inc. | 31,877 | 1,476 |
STERIS plc | 6,563 | 1,411 | |
* | Molina Healthcare Inc. | 4,169 | 1,121 |
* | Sotera Health Co. | 38,270 | 936 |
Chemed Corp. | 1,954 | 932 | |
* | agilon health Inc. | 22,919 | 802 |
* | Syneos Health Inc. | 6,395 | 593 |
* | Iovance Biotherapeutics Inc. | 21,551 | 519 |
* | Certara Inc. | 8,085 | 271 |
* | Globus Medical Inc. Class A | 1,880 | 153 |
993,953 | |||
Industrials (13.1%) | |||
Visa Inc. Class A | 826,214 | 189,286 | |
* | PayPal Holdings Inc. | 573,566 | 165,566 |
Mastercard Inc. Class A | 427,110 | 147,878 | |
Accenture plc Class A | 249,609 | 84,008 | |
United Parcel Service Inc. Class B | 353,212 | 69,099 | |
Deere & Co. | 137,537 | 51,993 | |
* | Square Inc. Class A | 190,571 | 51,086 |
Caterpillar Inc. | 230,505 | 48,607 | |
Union Pacific Corp. | 204,948 | 44,441 | |
Automatic Data Processing Inc. | 191,007 | 39,928 | |
Lockheed Martin Corp. | 105,629 | 38,005 | |
Sherwin-Williams Co. | 118,974 | 36,129 | |
American Express Co. | 202,258 | 33,567 | |
Illinois Tool Works Inc. | 137,685 | 32,061 | |
* | Mettler-Toledo International Inc. | 11,206 | 17,401 |
Honeywell International Inc. | 73,231 | 16,983 | |
Cintas Corp. | 40,741 | 16,124 | |
Paychex Inc. | 137,319 | 15,719 | |
* | Zebra Technologies Corp. Class A | 25,807 | 15,153 |
Shares | Market Value• ($000) | ||
FedEx Corp. | 52,062 | 13,832 | |
Old Dominion Freight Line Inc. | 45,946 | 13,266 | |
* | Generac Holdings Inc. | 29,824 | 13,033 |
* | Waters Corp. | 27,766 | 11,496 |
Carrier Global Corp. | 198,504 | 11,434 | |
Trane Technologies plc | 56,740 | 11,263 | |
Rockwell Automation Inc. | 34,406 | 11,197 | |
* | Bill.Com Holdings Inc. | 36,536 | 10,025 |
Verisk Analytics Inc. Class A | 49,245 | 9,936 | |
WW Grainger Inc. | 18,782 | 8,146 | |
3M Co. | 41,211 | 8,025 | |
Xylem Inc. | 57,608 | 7,853 | |
PPG Industries Inc. | 48,686 | 7,768 | |
TransUnion | 63,761 | 7,749 | |
Expeditors International of Washington Inc. | 59,783 | 7,451 | |
Cognex Corp. | 83,405 | 7,391 | |
* | Keysight Technologies Inc. | 39,755 | 7,131 |
JB Hunt Transport Services Inc. | 36,388 | 6,455 | |
* | Fair Isaac Corp. | 13,557 | 6,233 |
* | Trex Co. Inc. | 56,481 | 6,199 |
Equifax Inc. | 22,588 | 6,150 | |
* | Axon Enterprise Inc. | 31,100 | 5,656 |
Toro Co. | 49,520 | 5,444 | |
Booz Allen Hamilton Holding Corp. Class A | 66,107 | 5,415 | |
* | Paylocity Holding Corp. | 18,252 | 4,913 |
Robert Half International Inc. | 46,960 | 4,856 | |
Allegion plc | 33,363 | 4,804 | |
* | StoneCo. Ltd. Class A | 100,345 | 4,670 |
Ball Corp. | 46,494 | 4,462 | |
* | TransDigm Group Inc. | 7,224 | 4,388 |
* | United Rentals Inc. | 12,228 | 4,312 |
Graco Inc. | 50,966 | 3,997 | |
Lincoln Electric Holdings Inc. | 28,072 | 3,919 | |
* | XPO Logistics Inc. | 40,455 | 3,516 |
MKS Instruments Inc. | 22,769 | 3,351 | |
Kansas City Southern | 11,800 | 3,312 | |
* | GXO Logistics Inc. | 40,455 | 3,309 |
Advanced Drainage Systems Inc. | 27,479 | 3,137 | |
Parker-Hannifin Corp. | 10,468 | 3,106 | |
RPM International Inc. | 36,359 | 2,992 | |
* | TopBuild Corp. | 13,282 | 2,906 |
Landstar System Inc. | 16,404 | 2,756 | |
* | Coherent Inc. | 10,588 | 2,675 |
* | WEX Inc. | 14,543 | 2,670 |
Synchrony Financial | 52,854 | 2,630 | |
Sealed Air Corp. | 40,228 | 2,455 | |
* | FleetCor Technologies Inc. | 9,163 | 2,412 |
Northrop Grumman Corp. | 6,379 | 2,346 | |
* | Fiserv Inc. | 19,782 | 2,330 |
* | Euronet Worldwide Inc. | 17,475 | 2,328 |
Carlisle Cos. Inc. | 9,654 | 2,034 | |
BWX Technologies Inc. | 34,840 | 2,001 | |
* | Shift4 Payments Inc. Class A | 20,986 | 1,799 |
* | Virgin Galactic Holdings Inc. | 64,407 | 1,746 |
Fortune Brands Home & Security Inc. | 17,209 | 1,676 | |
Jack Henry & Associates Inc. | 9,441 | 1,665 |
Shares | Market Value• ($000) | ||
Vontier Corp. | 44,722 | 1,627 | |
HEICO Corp. Class A | 14,156 | 1,617 | |
* | Middleby Corp. | 8,042 | 1,471 |
Allison Transmission Holdings Inc. | 39,273 | 1,452 | |
* | AZEK Co. Inc. Class A | 29,245 | 1,243 |
Armstrong World Industries Inc. | 11,215 | 1,166 | |
CH Robinson Worldwide Inc. | 12,675 | 1,142 | |
Nordson Corp. | 4,741 | 1,131 | |
Western Union Co. | 49,261 | 1,066 | |
MSA Safety Inc. | 5,019 | 817 | |
Graphic Packaging Holding Co. | 39,248 | 805 | |
Crown Holdings Inc. | 7,253 | 796 | |
HEICO Corp. | 5,443 | 690 | |
Spirit AeroSystems Holdings Inc. Class A | 14,983 | 588 | |
* | Axalta Coating Systems Ltd. | 18,108 | 553 |
Donaldson Co. Inc. | 6,985 | 473 | |
Brunswick Corp. | 4,741 | 459 | |
Howmet Aerospace Inc. | 14,074 | 447 | |
AGCO Corp. | 2,929 | 403 | |
* | Diversey Holdings Ltd. | 19,298 | 337 |
Louisiana-Pacific Corp. | 3,560 | 226 | |
Genpact Ltd. | 4,351 | 226 | |
* | TuSimple Holdings Inc. Class A | 1,986 | 83 |
* | Marqeta Inc. Class A | 665 | 19 |
1,439,892 | |||
Real Estate (1.9%) | |||
American Tower Corp. | 220,347 | 64,379 | |
Crown Castle International Corp. | 210,263 | 40,936 | |
Equinix Inc. | 30,924 | 26,083 | |
Simon Property Group Inc. | 138,289 | 18,593 | |
Public Storage | 56,234 | 18,198 | |
* | CoStar Group Inc. | 148,180 | 12,557 |
* | Zillow Group Inc. Class C | 79,631 | 7,626 |
Iron Mountain Inc. | 98,367 | 4,697 | |
Lamar Advertising Co. Class A | 36,696 | 4,177 | |
Equity LifeStyle Properties Inc. | 44,831 | 3,814 | |
SBA Communications Corp. Class A | 8,898 | 3,194 | |
* | Zillow Group Inc. Class A | 29,322 | 2,803 |
CoreSite Realty Corp. | 16,273 | 2,414 | |
Extra Space Storage Inc. | 5,559 | 1,039 | |
* | CBRE Group Inc. Class A | 8,555 | 824 |
* | Opendoor Technologies Inc. | 34,068 | 604 |
211,938 | |||
Technology (48.0%) | |||
Apple Inc. | 7,663,338 | 1,163,525 | |
Microsoft Corp. | 3,678,530 | 1,110,475 | |
* | Facebook Inc. Class A | 1,168,151 | 443,173 |
* | Alphabet Inc. Class A | 125,905 | 364,363 |
* | Alphabet Inc. Class C | 119,682 | 348,184 |
NVIDIA Corp. | 1,167,803 | 261,413 | |
* | Adobe Inc. | 233,075 | 154,692 |
Broadcom Inc. | 194,814 | 96,863 | |
QUALCOMM Inc. | 550,614 | 80,770 | |
Oracle Corp. | 791,861 | 70,579 |
Shares | Market Value• ($000) | ||
Intuit Inc. | 124,531 | 70,498 | |
* | Advanced Micro Devices Inc. | 590,739 | 65,407 |
* | ServiceNow Inc. | 96,134 | 61,876 |
Applied Materials Inc. | 446,784 | 60,374 | |
Texas Instruments Inc. | 279,561 | 53,371 | |
Lam Research Corp. | 69,541 | 42,060 | |
* | Autodesk Inc. | 107,401 | 33,304 |
* | Zoom Video Communications Inc. Class A | 104,187 | 30,162 |
* | DocuSign Inc. Class A | 93,033 | 27,560 |
KLA Corp. | 74,841 | 25,443 | |
* | Workday Inc. Class A | 90,017 | 24,589 |
* | Atlassian Corp. plc Class A | 64,390 | 23,635 |
* | salesforce.com Inc. | 86,669 | 22,991 |
* | Crowdstrike Holdings Inc. Class A | 78,183 | 21,969 |
* | Cadence Design Systems Inc. | 134,035 | 21,912 |
* | Palo Alto Networks Inc. | 46,483 | 21,431 |
* | Palantir Technologies Inc. Class A | 792,110 | 20,864 |
* | Fortinet Inc. | 65,279 | 20,572 |
* | Xilinx Inc. | 119,878 | 18,652 |
* | Match Group Inc. | 131,513 | 18,075 |
Analog Devices Inc. | 104,346 | 17,003 | |
* | Snowflake Inc. Class A | 54,744 | 16,661 |
* | EPAM Systems Inc. | 26,168 | 16,559 |
Microchip Technology Inc. | 102,421 | 16,117 | |
* | Okta Inc. | 60,512 | 15,951 |
* | Synopsys Inc. | 46,911 | 15,586 |
Amphenol Corp. Class A | 202,728 | 15,535 | |
* | Datadog Inc. Class A | 110,518 | 15,229 |
* | HubSpot Inc. | 21,769 | 14,900 |
* | Pinterest Inc. Class A | 266,495 | 14,809 |
* | Cloudflare Inc. Class A | 115,599 | 13,957 |
CDW Corp. | 68,331 | 13,708 | |
* | Gartner Inc. | 40,826 | 12,605 |
* | Splunk Inc. | 79,926 | 12,218 |
* | Paycom Software Inc. | 24,692 | 12,072 |
Monolithic Power Systems Inc. | 21,893 | 10,835 | |
* | Zscaler Inc. | 37,622 | 10,472 |
* | MongoDB Inc. Class A | 25,727 | 10,081 |
* | RingCentral Inc. Class A | 39,220 | 9,894 |
Teradyne Inc. | 81,067 | 9,845 | |
* | Unity Software Inc. | 71,704 | 9,088 |
NXP Semiconductors NV | 41,286 | 8,882 | |
* | Coupa Software Inc. | 35,662 | 8,730 |
* | Tyler Technologies Inc. | 17,011 | 8,262 |
* | Twilio Inc. Class A | 22,226 | 7,934 |
Entegris Inc. | 65,606 | 7,882 | |
* | Avalara Inc. | 41,286 | 7,419 |
* | Zendesk Inc. | 57,370 | 7,091 |
Skyworks Solutions Inc. | 37,896 | 6,952 | |
* | DoorDash Inc. Class A | 35,959 | 6,883 |
* | PTC Inc. | 51,416 | 6,769 |
* | ANSYS Inc. | 17,666 | 6,454 |
NetApp Inc. | 71,904 | 6,394 | |
* | Dell Technologies Inc. Class C | 65,133 | 6,348 |
HP Inc. | 211,042 | 6,276 | |
* | Globant SA | 18,901 | 6,091 |
* | Dynatrace Inc. | 84,323 | 5,796 |
* | Wix.com Ltd. | 25,928 | 5,758 |
Shares | Market Value• ($000) | ||
* | Micron Technology Inc. | 75,484 | 5,563 |
* | Elastic NV | 33,335 | 5,319 |
* | Five9 Inc. | 32,616 | 5,161 |
Corning Inc. | 125,534 | 5,020 | |
* | ON Semiconductor Corp. | 111,707 | 4,955 |
*,2 | Proofpoint Inc. | 27,656 | 4,867 |
* | Dropbox Inc. Class A | 148,516 | 4,709 |
* | Smartsheet Inc. Class A | 58,555 | 4,659 |
Universal Display Corp. | 21,153 | 4,412 | |
* | Aspen Technology Inc. | 33,136 | 4,291 |
Bentley Systems Inc. Class B | 65,688 | 4,236 | |
* | Anaplan Inc. | 68,491 | 4,108 |
Vertiv Holdings Co. Class A | 137,107 | 3,862 | |
Jabil Inc. | 56,172 | 3,470 | |
* | Nutanix Inc. Class A | 93,867 | 3,465 |
* | Pure Storage Inc. Class A | 121,690 | 3,143 |
* | Nuance Communications Inc. | 52,768 | 2,905 |
* | Everbridge Inc. | 18,297 | 2,872 |
* | Manhattan Associates Inc. | 16,478 | 2,686 |
* | Twitter Inc. | 39,970 | 2,578 |
Pegasystems Inc. | 18,440 | 2,538 | |
Brooks Automation Inc. | 29,411 | 2,499 | |
* | Teradata Corp. | 44,756 | 2,448 |
Citrix Systems Inc. | 21,547 | 2,217 | |
*,1 | VMware Inc. Class A | 14,468 | 2,154 |
* | Alteryx Inc. Class A | 29,095 | 2,152 |
* | Vimeo Inc. | 56,272 | 2,145 |
* | New Relic Inc. | 26,735 | 2,138 |
NortonLifeLock Inc. | 70,947 | 1,884 | |
*,1 | Skillz Inc. Class A | 143,494 | 1,689 |
* | nCino Inc. | 22,944 | 1,423 |
Switch Inc. Class A | 55,938 | 1,388 | |
* | Medallia Inc. | 27,655 | 934 |
* | NCR Corp. | 21,183 | 900 |
* | Jamf Holding Corp. | 21,868 | 769 |
* | Allegro MicroSystems Inc. | 25,036 | 752 |
* | FireEye Inc. | 33,508 | 610 |
* | GoDaddy Inc. Class A | 8,282 | 607 |
McAfee Corp.Class A | 17,203 | 457 | |
CDK Global Inc. | 10,179 | 423 | |
* | Vroom Inc. | 13,984 | 376 |
* | Duck Creek Technologies Inc. | 7,750 | 361 |
* | DoubleVerify Holdings Inc. | 7,395 | 269 |
* | IPG Photonics Corp. | 1,052 | 180 |
* | C3.ai Inc. Class A | 2,329 | 120 |
5,295,542 | |||
Telecommunications (0.8%) | |||
* | Charter Communications Inc. Class A | 60,721 | 49,589 |
* | Roku Inc. | 56,248 | 19,822 |
* | Arista Networks Inc. | 26,237 | 9,695 |
Cable One Inc. | 1,359 | 2,853 | |
* | Altice USA Inc. Class A | 72,889 | 2,000 |
* | CommScope Holding Co. Inc. | 97,859 | 1,546 |
Ubiquiti Inc. | 2,775 | 903 | |
86,408 | |||
Utilities (0.1%) | |||
Waste Management Inc. | 32,832 | 5,093 | |
NRG Energy Inc. | 53,788 | 2,456 |
Shares | Market Value• ($000) | ||
Brookfield Renewable Corp. Class A | 15,700 | 688 | |
8,237 | |||
Total Common Stocks (Cost $6,028,839) | 11,009,956 | ||
Temporary Cash Investments (0.2%) | |||
Money Market Fund (0.2%) | |||
3,4 | Vanguard Market Liquidity Fund, 0.068% (Cost $19,599) | 195,991 | 19,599 |
Total Investments (100.0%) (Cost $6,048,438) | 11,029,555 | ||
Other Assets and Liabilities— Net (0.0%) | (1,358) | ||
Net Assets (100%) | 11,028,197 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $8,525,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
4 | Collateral of $8,727,000 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 | September 2021 | 109 | 24,637 | 306 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $6,028,839) | 11,009,956 |
Affiliated Issuers (Cost $19,599) | 19,599 |
Total Investments in Securities | 11,029,555 |
Investment in Vanguard | 356 |
Cash Collateral Pledged—Futures Contracts | 1,260 |
Receivables for Investment Securities Sold | 262 |
Receivables for Accrued Income | 5,974 |
Receivables for Capital Shares Issued | 922 |
Total Assets | 11,038,329 |
Liabilities | |
Due to Custodian | 311 |
Payables for Investment Securities Purchased | 2 |
Collateral for Securities on Loan | 8,727 |
Payables for Capital Shares Redeemed | 704 |
Payables to Vanguard | 362 |
Variation Margin Payable—Futures Contracts | 26 |
Total Liabilities | 10,132 |
Net Assets | 11,028,197 |
At August 31, 2021, net assets consisted of: | |
Paid-in Capital | 6,298,728 |
Total Distributable Earnings (Loss) | 4,729,469 |
Net Assets | 11,028,197 |
ETF Shares—Net Assets | |
Applicable to 99,706,844 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 7,454,941 |
Net Asset Value Per Share—ETF Shares | $74.77 |
Institutional Shares—Net Assets | |
Applicable to 6,213,251 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,573,256 |
Net Asset Value Per Share—Institutional Shares | $575.10 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends | 73,313 |
Interest1 | 4 |
Securities Lending—Net | 254 |
Total Income | 73,571 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 1,374 |
Management and Administrative—ETF Shares | 3,338 |
Management and Administrative—Institutional Shares | 1,696 |
Marketing and Distribution—ETF Shares | 244 |
Marketing and Distribution—Institutional Shares | 84 |
Custodian Fees | 162 |
Auditing Fees | 29 |
Shareholders’ Reports—ETF Shares | 48 |
Shareholders’ Reports—Institutional Shares | 3 |
Trustees’ Fees and Expenses | 3 |
Total Expenses | 6,981 |
Net Investment Income | 66,590 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 965,222 |
Futures Contracts | 3,175 |
Realized Net Gain (Loss) | 968,397 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 1,372,039 |
Futures Contracts | 194 |
Change in Unrealized Appreciation (Depreciation) | 1,372,233 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 2,407,220 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $4,000, $0, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $947,481,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 66,590 | 70,091 |
Realized Net Gain (Loss) | 968,397 | 565,821 |
Change in Unrealized Appreciation (Depreciation) | 1,372,233 | 2,018,419 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 2,407,220 | 2,654,331 |
Distributions | ||
ETF Shares | (40,214) | (38,092) |
Institutional Shares | (24,518) | (34,009) |
Total Distributions | (64,732) | (72,101) |
Capital Share Transactions | ||
ETF Shares | 978,964 | 645,864 |
Institutional Shares | (786,014) | (683,204) |
Net Increase (Decrease) from Capital Share Transactions | 192,950 | (37,340) |
Total Increase (Decrease) | 2,535,438 | 2,544,890 |
Net Assets | ||
Beginning of Period | 8,492,759 | 5,947,869 |
End of Period | 11,028,197 | 8,492,759 |
ETF Shares | |||||
For a Share Outstanding1 Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $58.66 | $41.14 | $39.89 | $31.77 | $26.73 |
Investment Operations | |||||
Net Investment Income2 | .460 | .475 | .481 | .441 | .421 |
Net Realized and Unrealized Gain (Loss) on Investments | 16.099 | 17.530 | 1.177 | 8.096 | 5.039 |
Total from Investment Operations | 16.559 | 18.005 | 1.658 | 8.537 | 5.460 |
Distributions | |||||
Dividends from Net Investment Income | (.449) | (.485) | (.408) | (.417) | (.420) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.449) | (.485) | (.408) | (.417) | (.420) |
Net Asset Value, End of Period | $74.77 | $58.66 | $41.14 | $39.89 | $31.77 |
Total Return | 28.40% | 44.18% | 4.20% | 27.09% | 20.66% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $7,455 | $4,951 | $2,872 | $2,083 | $1,319 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.12% | 0.12% |
Ratio of Net Investment Income to Average Net Assets | 0.72% | 1.04% | 1.25% | 1.24% | 1.45% |
Portfolio Turnover Rate3 | 14% | 14% | 17% | 15% | 21% |
1 | Adjusted to reflect a 4-for-1 share split effective at the beginning of trading on April 20, 2021. |
2 | Calculated based on average shares outstanding. |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $451.15 | $316.39 | $306.82 | $244.34 | $205.53 |
Investment Operations | |||||
Net Investment Income1 | 3.573 | 3.695 | 3.711 | 3.485 | 3.291 |
Net Realized and Unrealized Gain (Loss) on Investments | 123.861 | 134.792 | 9.061 | 62.293 | 38.832 |
Total from Investment Operations | 127.434 | 138.487 | 12.772 | 65.778 | 42.123 |
Distributions | |||||
Dividends from Net Investment Income | (3.484) | (3.727) | (3.202) | (3.298) | (3.313) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (3.484) | (3.727) | (3.202) | (3.298) | (3.313) |
Net Asset Value, End of Period | $575.10 | $451.15 | $316.39 | $306.82 | $244.34 |
Total Return | 28.42% | 44.24% | 4.21% | 27.14% | 20.72% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $3,573 | $3,542 | $3,076 | $3,182 | $2,476 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 0.74% | 1.06% | 1.26% | 1.28% | 1.49% |
Portfolio Turnover Rate2 | 14% | 14% | 17% | 15% | 21% |
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 | 11,005,089 | — | 4,867 | 11,009,956 |
Temporary Cash Investments | 19,599 | — | — | 19,599 |
Total | 11,024,688 | — | 4,867 | 11,029,555 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 306 | — | — | 306 |
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. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for in-kind redemptins and passive foreign investment companies were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 947,504 |
Total Distributable Earnings (Loss) | (947,504) |
Amount ($000) | |
Undistributed Ordinary Income | 13,179 |
Undistributed Long-Term Gains | — |
Capital Loss Carryforwards | (264,248) |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 4,980,538 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 64,732 | 72,101 |
Long-Term Capital Gains | — | — |
Total | 64,732 | 72,101 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 6,049,017 |
Gross Unrealized Appreciation | 5,048,510 |
Gross Unrealized Depreciation | (67,972) |
Net Unrealized Appreciation (Depreciation) | 4,980,538 |
E. | During the year ended August 31, 2021, the fund purchased $3,359,652,000 of investment securities and sold $3,174,388,000 of investment securities, other than temporary cash investments. Purchases and sales include $2,052,521,000 and $1,818,751,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | During the year ended August 31, 2021, the fund’s ETF Shares underwent a 4-for-1 share split. Each shareholder of record as of the close of business on April 19, 2021, received 4 shares for every 1 ETF Share held on that date. The split had no effect on net assets or total return. Capital share transactions for each class of shares were: |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares1 | |||||
Issued | 2,657,661 | 41,175 | 2,042,520 | 44,200 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,678,697) | (25,875) | (1,396,656) | (29,600) | |
Net Increase (Decrease)—ETF Shares | 978,964 | 15,300 | 645,864 | 14,600 | |
Institutional Shares | |||||
Issued | 382,523 | 806 | 490,711 | 1,343 | |
Issued in Lieu of Cash Distributions | 21,838 | 47 | 30,560 | 94 | |
Redeemed | (1,190,375) | (2,491) | (1,204,475) | (3,309) | |
Net Increase (Decrease)—Institutional Shares | (786,014) | (1,638) | (683,204) | (1,872) |
1 | Shares adjusted to reflect a 4-for-1 share split effective at the beginning of trading on April 20, 2021. |
G. | Management has determined that no events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Philadelphia, Pennsylvania
October 20, 2021
Fund | ($000) |
Russell 1000 Index Fund | 61,168 |
Russell 1000 Value Index Fund | 99,681 |
Russell 1000 Growth Index Fund | 64,732 |
Fund | ($000) |
Russell 1000 Index Fund | 778 |
Russell 1000 Value Index Fund | 2,981 |
Russell 1000 Growth Index Fund | — |
Fund | Percentage |
Russell 1000 Index Fund | 94.2% |
Russell 1000 Value Index Fund | 91.9 |
Russell 1000 Growth Index Fund | 100.0 |
Matthew Benchener | Chris D. Mclsaac |
Joseph Brennan | Thomas M. Rampulla |
Mortimer J. Buckley | Karin A. Risi |
Gregory Davis | Anne E. Robinson |
John James | Michael Rollings |
John T. Marcante | Lauren Valente |
All rights reserved.
U.S. Patent Nos. 6,879,964 and 7,720,749.
Vanguard Marketing Corporation, Distributor.
Vanguard Russell 2000 Index Fund |
Vanguard Russell 2000 Value Index Fund |
Vanguard Russell 2000 Growth Index Fund |
Your Fund’s Performance at a Glance | 1 |
About Your Fund’s Expenses | 2 |
Russell 2000 Index Fund | 4 |
Russell 2000 Value Index Fund | 40 |
Russell 2000 Growth Index Fund | 69 |
Trustees Approve Advisory Arrangements | 98 |
Liquidity Risk Management | 100 |
• | Returns for the three Vanguard Russell 2000 Index Funds for the 12 months ended August 31, 2021, ranged from more than 35% for Vanguard Russell 2000 Growth Index Fund to more than 59% for Vanguard Russell 2000 Value Index Fund. Vanguard Russell 2000 Index Fund returned more than 47%. Each fund closely tracked its target index. |
• | The global economy rebounded more quickly than expected after the sharp pandemic-induced contraction in the spring of 2020. Countries that were more successful in containing the virus generally fared better economically. Swift and extensive fiscal and monetary support from policymakers was also key to the rebound. During the 12 months under review, stocks rose broadly in the wake of their sharp downturn at the start of the pandemic. |
• | Mid- and small-capitalization stocks outperformed their large-cap counterparts for the period, and value stocks surpassed growth. |
• | All sectors had positive returns across the three funds. The top contributors were consumer discretionary for the Index Fund, health care for the Growth Index Fund, and financials for the Value Index Fund. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||
One Year | Three Years | Five Years | |
Stocks | |||
Russell 1000 Index (Large-caps) | 32.25% | 18.42% | 18.24% |
Russell 2000 Index (Small-caps) | 47.08 | 10.75 | 14.38 |
Russell 3000 Index (Broad U.S. market) | 33.04 | 17.85 | 17.97 |
FTSE All-World ex US Index (International) | 25.74 | 9.82 | 10.23 |
Bonds | |||
Bloomberg U.S. Aggregate Bond Index (Broad taxable market) | -0.08% | 5.43% | 3.11% |
Bloomberg Municipal Bond Index (Broad tax-exempt market) | 3.40 | 5.09 | 3.30 |
FTSE Three-Month U.S. Treasury Bill Index | 0.06 | 1.20 | 1.13 |
CPI | |||
Consumer Price Index | 5.25% | 2.76% | 2.58% |
• | 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 August 31, 2021 | |||
Beginning Account Value 2/28/2021 | Ending Account Value 8/31/2021 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Russell 2000 Index Fund | |||
ETF Shares | $1,000.00 | $1,037.90 | $0.51 |
Institutional Shares | 1,000.00 | 1,038.10 | 0.41 |
Russell 2000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,088.50 | $0.79 |
Institutional Shares | 1,000.00 | 1,089.00 | 0.42 |
Russell 2000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $987.50 | $0.75 |
Institutional Shares | 1,000.00 | 987.90 | 0.40 |
Based on Hypothetical 5% Yearly Return | |||
Russell 2000 Index Fund | |||
ETF Shares | $1,000.00 | $1,024.70 | $0.51 |
Institutional Shares | 1,000.00 | 1,024.80 | 0.41 |
Russell 2000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,024.45 | $0.77 |
Institutional Shares | 1,000.00 | 1,024.80 | 0.41 |
Russell 2000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,024.45 | $0.77 |
Institutional Shares | 1,000.00 | 1,024.80 | 0.41 |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Year | Ten Years | Final Value of a $10,000 Investment | ||
Russell 2000 Index Fund ETF Shares Net Asset Value | 47.15% | 14.45% | 13.64% | $35,908 | |
Russell 2000 Index Fund ETF Shares Market Price | 47.01 | 14.45 | 13.64 | 35,915 | |
Russell 2000 Index | 47.08 | 14.38 | 13.62 | 35,840 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.16 | 44,721 |
One Year | Five Years | Ten Years | Final Value of a $5,000,000 Investment | ||
Russell 2000 Index Fund Institutional Shares | 47.19% | 14.49% | 13.70% | $18,055,622 | |
Russell 2000 Index | 47.08 | 14.38 | 13.62 | 17,920,156 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.16 | 22,360,680 |
One Year | Five Years | Ten Years | |
Russell 2000 Index Fund ETF Shares Market Price | 47.01% | 96.35% | 259.15% |
Russell 2000 Index Fund ETF Shares Net Asset Value | 47.15 | 96.33 | 259.08 |
Russell 2000 Index | 47.08 | 95.81 | 258.40 |
Basic Materials | 3.7% |
Consumer Discretionary | 14.8 |
Consumer Staples | 2.9 |
Energy | 4.1 |
Financials | 15.1 |
Health Care | 19.9 |
Industrials | 14.9 |
Real Estate | 7.3 |
Technology | 12.5 |
Telecommunications | 1.9 |
Utilities | 2.9 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (100.0%) | |||
Basic Materials (3.7%) | |||
* | RBC Bearings Inc. | 56,930 | 13,181 |
Avient Corp. | 209,565 | 10,916 | |
Balchem Corp. | 74,190 | 10,418 | |
UFP Industries Inc. | 138,539 | 10,402 | |
Commercial Metals Co. | 276,408 | 9,016 | |
* | Arconic Corp. | 254,132 | 8,765 |
Sensient Technologies Corp. | 97,286 | 8,449 | |
* | Livent Corp. | 338,495 | 8,418 |
Quaker Chemical Corp. | 31,045 | 8,044 | |
Hecla Mining Co. | 1,223,906 | 7,527 | |
* | Ingevity Corp. | 92,655 | 7,449 |
Cabot Corp. | 129,175 | 6,898 | |
* | Domtar Corp. | 114,702 | 6,289 |
Minerals Technologies Inc. | 77,373 | 6,085 | |
Stepan Co. | 49,650 | 5,837 | |
* | Amyris Inc. | 384,975 | 5,794 |
Mueller Industries Inc. | 129,259 | 5,766 | |
* | Constellium SE Class A | 282,510 | 5,712 |
*,1 | MP Materials Corp. | 167,940 | 5,638 |
Tronox Holdings plc Class A | 263,909 | 5,576 | |
Innospec Inc. | 56,436 | 5,282 | |
Compass Minerals International Inc. | 78,705 | 5,268 | |
Boise Cascade Co. | 90,664 | 5,245 | |
Trinseo SA | 89,611 | 4,654 | |
Worthington Industries Inc. | 79,690 | 4,618 | |
Kaiser Aluminum Corp. | 36,391 | 4,595 | |
GrafTech International Ltd. | 392,484 | 4,345 | |
* | Novagold Resources Inc. | 546,306 | 3,950 |
* | Coeur Mining Inc. | 558,014 | 3,934 |
Carpenter Technology Corp. | 109,730 | 3,660 | |
Materion Corp. | 46,965 | 3,430 | |
* | Kraton Corp. | 72,447 | 3,052 |
Schnitzer Steel Industries Inc. Class A | 59,684 | 2,824 | |
Schweitzer-Mauduit International Inc. | 71,438 | 2,734 | |
* | GCP Applied Technologies Inc. | 113,292 | 2,701 |
* | Orion Engineered Carbons SA | 139,066 | 2,457 |
* | AdvanSix Inc. | 62,909 | 2,296 |
Neenah Inc. | 38,724 | 1,951 |
Shares | Market Value• ($000) | ||
*,1 | Energy Fuels Inc. | 325,300 | 1,760 |
Hawkins Inc. | 44,218 | 1,675 | |
Glatfelter Corp. | 100,714 | 1,591 | |
* | Koppers Holdings Inc. | 47,692 | 1,569 |
Ecovyst Inc. | 118,008 | 1,535 | |
* | Century Aluminum Co. | 117,729 | 1,509 |
* | U.S. Silica Holdings Inc. | 168,402 | 1,479 |
Verso Corp. Class A | 75,765 | 1,443 | |
* | TimkenSteel Corp. | 104,386 | 1,428 |
* | Clearwater Paper Corp. | 38,016 | 1,235 |
* | Uranium Energy Corp. | 491,615 | 1,234 |
* | Gatos Silver Inc. | 79,292 | 1,137 |
Haynes International Inc. | 28,877 | 1,133 | |
Omega Flex Inc. | 7,095 | 1,079 | |
American Vanguard Corp. | 67,167 | 1,030 | |
* | Rayonier Advanced Materials Inc. | 141,654 | 1,000 |
Ryerson Holding Corp. | 38,060 | 881 | |
* | Alto Ingredients Inc. | 164,235 | 836 |
Tredegar Corp. | 60,106 | 798 | |
* | Intrepid Potash Inc. | 23,013 | 714 |
* | Unifi Inc. | 30,350 | 705 |
*,1 | Meta Materials Inc. | 141,165 | 656 |
Olympic Steel Inc. | 21,433 | 584 | |
* | Northwest Pipe Co. | 22,046 | 571 |
* | Zymergen Inc. | 42,812 | 562 |
* | Ur-Energy Inc. | 415,575 | 540 |
* | NN Inc. | 98,150 | 534 |
FutureFuel Corp. | 59,061 | 473 | |
* | Perpetua Resources Corp. | 61,748 | 313 |
* | Marrone Bio Innovations Inc. | 230,071 | 230 |
*,1 | Polymet Mining Corp. | 66,283 | 223 |
Valhi Inc. | 5,602 | 133 | |
253,766 | |||
Consumer Discretionary (14.8%) | |||
*,1 | AMC Entertainment Holdings Inc. Class A | 937,583 | 44,188 |
* | Crocs Inc. | 148,692 | 21,236 |
* | BJ's Wholesale Club Holdings Inc. | 315,539 | 17,878 |
* | Macy's Inc. | 723,249 | 16,194 |
* | Scientific Games Corp. Class A | 221,398 | 16,018 |
Texas Roadhouse Inc. Class A | 161,154 | 15,310 | |
* | Fox Factory Holding Corp. | 97,252 | 14,945 |
* | Stamps.com Inc. | 40,959 | 13,471 |
* | Helen of Troy Ltd. | 56,295 | 13,465 |
Shares | Market Value• ($000) | ||
Wingstop Inc. | 68,706 | 11,813 | |
* | National Vision Holdings Inc. | 187,878 | 11,269 |
* | Sonos Inc. | 276,798 | 10,997 |
American Eagle Outfitters Inc. | 350,372 | 10,693 | |
* | Avis Budget Group Inc. | 117,764 | 10,687 |
* | Goodyear Tire & Rubber Co. | 636,420 | 10,081 |
Papa John's International Inc. | 76,145 | 9,711 | |
* | Meritage Homes Corp. | 86,290 | 9,625 |
Rent-A-Center Inc. | 151,766 | 9,573 | |
Signet Jewelers Ltd. | 120,045 | 9,508 | |
TEGNA Inc. | 509,136 | 9,022 | |
Murphy USA Inc. | 57,955 | 8,999 | |
KB Home | 206,486 | 8,885 | |
* | Hilton Grand Vacations Inc. | 196,942 | 8,604 |
* | Adient plc | 218,135 | 8,581 |
* | Asbury Automotive Group Inc. | 44,557 | 8,298 |
* | LGI Homes Inc. | 51,072 | 8,188 |
* | Taylor Morrison Home Corp. Class A | 288,981 | 8,117 |
LCI Industries | 57,078 | 8,086 | |
Cracker Barrel Old Country Store Inc. | 54,609 | 7,841 | |
Dana Inc. | 334,836 | 7,788 | |
Steven Madden Ltd. | 188,877 | 7,644 | |
* | Skyline Champion Corp. | 120,935 | 7,585 |
* | Shake Shack Inc. Class A | 86,176 | 7,476 |
* | Callaway Golf Co. | 266,398 | 7,475 |
PROG Holdings Inc. | 154,542 | 7,313 | |
Herman Miller Inc. | 171,277 | 7,199 | |
* | Overstock.com Inc. | 98,971 | 7,141 |
* | Bed Bath & Beyond Inc. | 252,717 | 6,960 |
MDC Holdings Inc. | 131,624 | 6,877 | |
* | Visteon Corp. | 63,939 | 6,757 |
* | Allegiant Travel Co. | 34,914 | 6,719 |
Wolverine World Wide Inc. | 187,256 | 6,715 | |
Group 1 Automotive Inc. | 40,462 | 6,694 | |
* | Cardlytics Inc. | 73,607 | 6,682 |
* | Red Rock Resorts Inc. Class A | 141,966 | 6,645 |
* | Gentherm Inc. | 76,595 | 6,573 |
Kontoor Brands Inc. | 119,425 | 6,444 | |
* | Tri Pointe Homes Inc. | 270,753 | 6,436 |
* | iHeartMedia Inc. Class A | 257,841 | 6,415 |
* | Academy Sports & Outdoors Inc. | 142,361 | 6,302 |
* | 2U Inc. | 165,193 | 6,117 |
* | Boot Barn Holdings Inc. | 66,152 | 5,906 |
* | SeaWorld Entertainment Inc. | 118,609 | 5,834 |
* | Dorman Products Inc. | 61,589 | 5,781 |
John Wiley & Sons Inc. Class A | 99,330 | 5,771 | |
* | Stitch Fix Inc. Class A | 136,037 | 5,701 |
Jack in the Box Inc. | 52,925 | 5,608 | |
* | Brinker International Inc. | 104,637 | 5,574 |
* | Spirit Airlines Inc. | 226,484 | 5,556 |
Graham Holdings Co. Class B | 8,926 | 5,506 | |
* | Vista Outdoor Inc. | 134,567 | 5,497 |
* | Bloomin' Brands Inc. | 203,975 | 5,465 |
* | Cavco Industries Inc. | 21,262 | 5,432 |
Shares | Market Value• ($000) | ||
* | SkyWest Inc. | 114,706 | 5,351 |
* | ODP Corp. | 112,689 | 5,316 |
* | iRobot Corp. | 64,393 | 5,224 |
* | Urban Outfitters Inc. | 157,958 | 5,216 |
Winnebago Industries Inc. | 74,487 | 5,186 | |
*,1 | Fisker Inc. | 365,497 | 5,099 |
* | Sleep Number Corp. | 55,092 | 5,097 |
* | Abercrombie & Fitch Co. Class A | 141,252 | 5,051 |
* | International Game Technology plc | 230,256 | 4,948 |
Century Communities Inc. | 69,120 | 4,845 | |
* | KAR Auction Services Inc. | 286,501 | 4,845 |
* | Sally Beauty Holdings Inc. | 259,433 | 4,823 |
* | Revolve Group Inc. | 82,675 | 4,751 |
* | Cheesecake Factory Inc. | 99,765 | 4,654 |
PriceSmart Inc. | 53,905 | 4,561 | |
Gray Television Inc. | 196,807 | 4,475 | |
* | Madison Square Garden Entertainment Corp. | 55,520 | 4,452 |
* | Cinemark Holdings Inc. | 248,915 | 4,438 |
Strategic Education Inc. | 56,180 | 4,398 | |
* | Everi Holdings Inc. | 192,472 | 4,379 |
Monro Inc. | 76,395 | 4,348 | |
* | M/I Homes Inc. | 65,794 | 4,236 |
* | Adtalem Global Education Inc. | 114,076 | 4,221 |
Rush Enterprises Inc. Class A | 95,002 | 4,190 | |
* | Knowles Corp. | 205,055 | 4,101 |
* | Meredith Corp. | 91,854 | 3,951 |
* | Houghton Mifflin Harcourt Co. | 292,761 | 3,944 |
Acushnet Holdings Corp. | 78,870 | 3,940 | |
Camping World Holdings Inc. Class A | 98,239 | 3,924 | |
Big Lots Inc. | 79,970 | 3,891 | |
* | Laureate Education Inc. Class A | 243,595 | 3,880 |
* | Central Garden & Pet Co. Class A | 93,004 | 3,875 |
HNI Corp. | 100,280 | 3,800 | |
* | Bally's Corp. | 75,198 | 3,778 |
* | Dave & Buster's Entertainment Inc. | 99,659 | 3,729 |
La-Z-Boy Inc. | 105,917 | 3,708 | |
Hibbett Inc. | 37,405 | 3,579 | |
* | Malibu Boats Inc. Class A | 47,720 | 3,417 |
Oxford Industries Inc. | 37,003 | 3,341 | |
* | elf Beauty Inc. | 105,109 | 3,253 |
* | AMC Networks Inc. Class A | 67,055 | 3,187 |
* | Stride Inc. | 92,833 | 3,179 |
Sinclair Broadcast Group Inc. Class A | 105,797 | 3,175 | |
* | G-III Apparel Group Ltd. | 101,735 | 3,147 |
* | Lions Gate Entertainment Corp. Class B | 267,496 | 3,146 |
* | XPEL Inc. | 41,239 | 3,133 |
* | Dine Brands Global Inc. | 37,572 | 3,108 |
Sturm Ruger & Co. Inc. | 39,574 | 3,094 | |
Inter Parfums Inc. | 41,196 | 2,988 | |
Smith & Wesson Brands Inc. | 122,447 | 2,955 | |
* | Selectquote Inc. | 308,582 | 2,947 |
Steelcase Inc. Class A | 204,238 | 2,878 | |
* | GoPro Inc. Class A | 287,496 | 2,866 |
Shares | Market Value• ($000) | ||
* | Purple Innovation Inc. Class A | 115,838 | 2,826 |
* | Children's Place Inc. | 32,398 | 2,813 |
Dillard's Inc. Class A | 14,503 | 2,762 | |
*,1 | Blink Charging Co. | 84,075 | 2,727 |
* | Tupperware Brands Corp. | 113,843 | 2,717 |
Buckle Inc. | 68,537 | 2,654 | |
Matthews International Corp. Class A | 71,323 | 2,641 | |
* | WW International Inc. | 120,957 | 2,619 |
Sonic Automotive Inc. Class A | 50,389 | 2,547 | |
* | Clean Energy Fuels Corp. | 320,246 | 2,540 |
* | Tenneco Inc. Class A | 162,838 | 2,540 |
EW Scripps Co. Class A | 132,042 | 2,448 | |
* | MarineMax Inc. | 49,633 | 2,413 |
* | Denny's Corp. | 143,864 | 2,380 |
* | Hawaiian Holdings Inc. | 116,607 | 2,358 |
* | American Axle & Manufacturing Holdings Inc. | 259,094 | 2,298 |
Franchise Group Inc. | 65,267 | 2,267 | |
* | RealReal Inc. | 181,092 | 2,253 |
Guess? Inc. | 92,739 | 2,243 | |
* | BJ's Restaurants Inc. | 52,088 | 2,227 |
Scholastic Corp. | 66,691 | 2,217 | |
* | Clear Channel Outdoor Holdings Inc. | 836,563 | 2,200 |
* | Liberty Media Corp.- Liberty Braves Class C | 83,685 | 2,163 |
* | Genesco Inc. | 33,852 | 2,100 |
Caleres Inc. | 84,608 | 2,081 | |
Aaron's Co. Inc. | 78,109 | 2,071 | |
Standard Motor Products Inc. | 48,011 | 2,059 | |
* | Gannett Co. Inc. | 324,089 | 2,058 |
* | QuinStreet Inc. | 114,374 | 2,048 |
* | Viad Corp. | 46,892 | 2,025 |
* | Zumiez Inc. | 50,325 | 2,023 |
* | Designer Brands Inc. Class A | 138,153 | 2,003 |
* | Cars.com Inc. | 157,154 | 1,999 |
* | 1-800-Flowers.com Inc. Class A | 61,500 | 1,953 |
Interface Inc. Class A | 133,933 | 1,926 | |
* | Monarch Casino & Resort Inc. | 29,948 | 1,898 |
* | CarParts.com Inc. | 108,818 | 1,879 |
* | Golden Entertainment Inc. | 38,852 | 1,854 |
* | America's Car-Mart Inc. | 13,975 | 1,807 |
* | Imax Corp. | 114,897 | 1,805 |
*,1 | Corsair Gaming Inc. | 61,876 | 1,791 |
*,1 | Vuzix Corp. | 135,262 | 1,790 |
* | Rush Street Interactive Inc. | 120,091 | 1,787 |
* | Perdoceo Education Corp. | 161,790 | 1,776 |
Carriage Services Inc. Class A | 38,330 | 1,772 | |
* | Sportsman's Warehouse Holdings Inc. | 99,691 | 1,769 |
* | Citi Trends Inc. | 20,523 | 1,768 |
* | Green Brick Partners Inc. | 70,737 | 1,768 |
* | Party City Holdco Inc. | 254,771 | 1,735 |
Winmark Corp. | 8,223 | 1,724 | |
* | Lions Gate Entertainment Corp. Class A | 132,097 | 1,707 |
Shares | Market Value• ($000) | ||
*,1 | Lordstown Motors Corp. Class A | 258,712 | 1,702 |
* | Lovesac Co. | 29,515 | 1,669 |
* | Golden Nugget Online Gaming Inc. | 73,318 | 1,584 |
* | Ruth's Hospitality Group Inc. | 77,279 | 1,583 |
Shoe Carnival Inc. | 40,724 | 1,559 | |
* | Universal Electronics Inc. | 30,820 | 1,557 |
Clarus Corp. | 55,668 | 1,508 | |
* | Liquidity Services Inc. | 61,369 | 1,497 |
* | Quotient Technology Inc. | 204,903 | 1,488 |
* | Accel Entertainment Inc. Class A | 129,150 | 1,488 |
* | Chuy's Holdings Inc. | 46,092 | 1,487 |
* | Fossil Group Inc. | 108,145 | 1,449 |
* | Boston Omaha Corp. Class A | 40,339 | 1,442 |
* | Chico's FAS Inc. | 275,951 | 1,427 |
* | Stoneridge Inc. | 59,876 | 1,395 |
Johnson Outdoors Inc. Class A | 12,007 | 1,378 | |
* | Lumber Liquidators Holdings Inc. | 65,769 | 1,372 |
Haverty Furniture Cos. Inc. | 38,363 | 1,367 | |
1 | Big 5 Sporting Goods Corp. | 47,801 | 1,329 |
*,1 | Canoo Inc. | 183,992 | 1,327 |
Movado Group Inc. | 36,033 | 1,302 | |
* | Sun Country Airlines Holdings Inc. | 39,667 | 1,285 |
* | Hovnanian Enterprises Inc. Class A | 11,780 | 1,281 |
* | OneSpaWorld Holdings Ltd. | 121,175 | 1,272 |
* | Beazer Homes USA Inc. | 67,908 | 1,271 |
RCI Hospitality Holdings Inc. | 19,248 | 1,244 | |
Ethan Allen Interiors Inc. | 51,562 | 1,239 | |
* | Frontier Group Holdings Inc. | 80,043 | 1,227 |
* | Funko Inc. Class A | 61,334 | 1,223 |
* | TravelCenters of America Inc. | 28,857 | 1,211 |
* | Noodles & Co. Class A | 93,242 | 1,174 |
* | Latham Group Inc. | 53,370 | 1,173 |
* | Arlo Technologies Inc. | 186,667 | 1,157 |
Global Industrial Co. | 29,327 | 1,129 | |
* | American Public Education Inc. | 42,594 | 1,120 |
* | Lands' End Inc. | 32,923 | 1,114 |
* | AMMO Inc. | 151,175 | 1,111 |
* | Master Craft Boat Holdings Inc. | 43,622 | 1,088 |
*,1 | Genius Brands International Inc. | 647,871 | 1,082 |
*,1 | Shift Technologies Inc. | 142,690 | 1,062 |
* | Coursera Inc. | 27,559 | 1,060 |
* | Central Garden & Pet Co. | 22,790 | 1,049 |
Kimball International Inc. Class B | 83,011 | 1,035 | |
* | Lindblad Expeditions Holdings Inc. | 70,287 | 1,034 |
* | Conn's Inc. | 41,115 | 1,011 |
* | Stagwell Inc. | 144,119 | 1,006 |
* | Turtle Beach Corp. | 34,455 | 979 |
Shares | Market Value• ($000) | ||
A-Mark Precious Metals Inc. | 20,171 | 979 | |
* | Entercom Communications Corp. Class A | 270,617 | 961 |
OneWater Marine Inc. Class A | 23,717 | 960 | |
* | Daily Journal Corp. | 2,796 | 951 |
Entravision Communications Corp. Class A | 136,163 | 949 | |
* | American Outdoor Brands Inc. | 32,434 | 903 |
* | Cooper-Standard Holdings Inc. | 38,671 | 900 |
* | Red Robin Gourmet Burgers Inc. | 35,773 | 876 |
* | Motorcar Parts of America Inc. | 42,915 | 851 |
* | Container Store Group Inc. | 72,781 | 844 |
Hooker Furniture Corp. | 26,897 | 838 | |
* | Century Casinos Inc. | 62,549 | 836 |
* | Marcus Corp. | 52,302 | 816 |
Tilly's Inc. Class A | 51,832 | 807 | |
* | Bluegreen Vacations Holding Class A | 34,897 | 799 |
* | El Pollo Loco Holdings Inc. | 43,661 | 792 |
Rocky Brands Inc. | 15,942 | 792 | |
Cato Corp. Class A | 45,334 | 782 | |
*,1 | Arcimoto Inc. | 62,861 | 781 |
* | Nautilus Inc. | 68,433 | 780 |
* | Eastman Kodak Co. | 102,800 | 748 |
*,1 | CuriosityStream Inc. | 59,767 | 747 |
Rush Enterprises Inc. Class B | 17,469 | 741 | |
* | Barnes & Noble Education Inc. | 88,023 | 718 |
* | Vera Bradley Inc. | 59,138 | 678 |
* | Full House Resorts Inc. | 75,066 | 644 |
* | Chicken Soup For The Soul Entertainment Inc. | 26,486 | 643 |
* | Mesa Air Group Inc. | 78,612 | 627 |
* | Liberty TripAdvisor Holdings Inc. Class A | 167,295 | 626 |
Superior Group of Cos. Inc. | 26,218 | 625 | |
* | Kirkland's Inc. | 32,281 | 617 |
* | Liberty Media Corp.- Liberty Braves Class A | 23,559 | 613 |
Del Taco Restaurants Inc. | 68,593 | 604 | |
*,1 | XL Fleet Corp. | 87,911 | 598 |
*,1 | Eros STX Global Corp. | 729,168 | 583 |
* | Alta Equipment Group Inc. | 43,817 | 581 |
Escalade Inc. | 23,536 | 544 | |
Lifetime Brands Inc. | 29,486 | 541 | |
Flexsteel Industries Inc. | 15,199 | 531 | |
* | Neogames SA | 12,672 | 522 |
* | Drive Shack Inc. | 189,489 | 517 |
* | PlayAGS Inc. | 62,578 | 513 |
* | ONE Group Hospitality Inc. | 44,854 | 500 |
* | Fiesta Restaurant Group Inc. | 40,839 | 490 |
* | Arko Corp. | 47,235 | 488 |
* | Romeo Power Inc. | 95,981 | 467 |
Shares | Market Value• ($000) | ||
* | Thryv Holdings Inc. | 14,868 | 461 |
Bassett Furniture Industries Inc. | 21,301 | 458 | |
* | HyreCar Inc. | 40,050 | 450 |
* | Duluth Holdings Inc. Class B | 28,475 | 443 |
Nathan's Famous Inc. | 6,696 | 442 | |
*,1 | Hall of Fame Resort & Entertainment Co. | 126,160 | 424 |
* | LiveXLive Media Inc. | 122,668 | 421 |
* | Lazydays Holdings Inc. | 17,028 | 418 |
* | CarLotz Inc. | 99,687 | 410 |
* | Kura Sushi USA Inc. Class A | 8,003 | 407 |
* | VOXX International Corp. Class A | 35,737 | 374 |
JOANN Inc. | 26,682 | 366 | |
* | Legacy Housing Corp. | 18,320 | 359 |
National CineMedia Inc. | 134,996 | 346 | |
* | PowerSchool Holdings Inc. Class A | 9,788 | 338 |
* | Casper Sleep Inc. | 66,510 | 331 |
Carrols Restaurant Group Inc. | 76,938 | 319 | |
* | Biglari Holdings Inc. Class B | 1,802 | 315 |
* | Regis Corp. | 53,907 | 292 |
Hamilton Beach Brands Holding Co. Class A | 16,889 | 287 | |
* | Fluent Inc. | 102,167 | 278 |
* | Emerald Holding Inc. | 55,841 | 278 |
*,1 | Aterian Inc. | 45,342 | 270 |
Marine Products Corp. | 18,165 | 258 | |
* | Stonemor Inc. | 74,012 | 215 |
* | Revlon Inc. Class A | 16,612 | 190 |
*,1 | Figs Inc. Class A | 4,602 | 189 |
*,1 | Esports Technologies Inc. | 5,628 | 183 |
* | Traeger Inc. | 6,612 | 166 |
NL Industries Inc. | 18,430 | 126 | |
* | Landsea Homes Corp. | 13,914 | 122 |
* | F45 Training Holdings Inc. | 8,323 | 113 |
* | Krispy Kreme Inc. | 6,752 | 113 |
* | Xponential Fitness Inc. Class A | 8,339 | 90 |
* | Snap One Holdings Corp. | 4,316 | 88 |
* | Mister Car Wash Inc. | 4,559 | 87 |
CompX International Inc. | 3,690 | 85 | |
*,1 | Weber Inc. Class A | 3,697 | 60 |
* | Outbrain Inc. | 3,127 | 54 |
* | Digital Media Solutions Inc. Class A | 6,803 | 53 |
* | Integral Ad Science Holding Corp. | 2,249 | 50 |
* | European Wax Center Inc. Class A | 1,962 | 48 |
* | Instructure Holdings Inc. | 1,607 | 37 |
* | Torrid Holdings Inc. | 1,125 | 26 |
* | Duolingo Inc. | 123 | 16 |
* | Biglari Holdings Inc. Class A | 6 | 5 |
1,008,829 | |||
Consumer Staples (2.9%) | |||
* | Performance Food Group Co. | 303,907 | 15,262 |
Sanderson Farms Inc. | 46,755 | 9,187 | |
* | Celsius Holdings Inc. | 104,706 | 8,561 |
Lancaster Colony Corp. | 43,681 | 7,742 |
Shares | Market Value• ($000) | ||
WD-40 Co. | 31,459 | 7,539 | |
* | Simply Good Foods Co. | 195,945 | 6,980 |
* | Sprouts Farmers Market Inc. | 273,339 | 6,806 |
Primo Water Corp. | 361,719 | 6,424 | |
Energizer Holdings Inc. | 156,610 | 6,161 | |
Medifast Inc. | 26,808 | 6,110 | |
Nu Skin Enterprises Inc. Class A | 114,382 | 5,790 | |
J & J Snack Foods Corp. | 33,902 | 5,552 | |
Edgewell Personal Care Co. | 124,998 | 5,287 | |
Vector Group Ltd. | 330,552 | 4,965 | |
* | Hostess Brands Inc. Class A | 301,449 | 4,811 |
* | United Natural Foods Inc. | 128,482 | 4,728 |
Core-Mark Holding Co. Inc. | 102,418 | 4,711 | |
* | TreeHouse Foods Inc. | 119,702 | 4,485 |
1 | B&G Foods Inc. | 147,516 | 4,479 |
Coca-Cola Consolidated Inc. | 10,929 | 4,439 | |
* | GrowGeneration Corp. | 124,644 | 3,987 |
* | BellRing Brands Inc. Class A | 91,818 | 3,101 |
Cal-Maine Foods Inc. | 82,128 | 2,970 | |
* | USANA Health Sciences Inc. | 29,310 | 2,844 |
Universal Corp. | 55,699 | 2,818 | |
*,1 | Beauty Health Co. | 106,772 | 2,745 |
Utz Brands Inc. | 135,801 | 2,637 | |
Fresh Del Monte Produce Inc. | 76,997 | 2,532 | |
National Beverage Corp. | 54,080 | 2,517 | |
*,1 | Tattooed Chef Inc. | 107,697 | 2,280 |
* | Rite Aid Corp. | 126,289 | 2,240 |
Andersons Inc. | 72,505 | 2,203 | |
Ingles Markets Inc. Class A | 32,347 | 2,196 | |
* | Chefs' Warehouse Inc. | 72,180 | 2,182 |
Weis Markets Inc. | 37,976 | 2,163 | |
MGP Ingredients Inc. | 32,638 | 2,131 | |
ACCO Brands Corp. | 215,599 | 2,020 | |
Calavo Growers Inc. | 39,389 | 1,848 | |
SpartanNash Co. | 82,034 | 1,764 | |
* | Mission Produce Inc. | 85,066 | 1,764 |
John B Sanfilippo & Son Inc. | 20,462 | 1,739 | |
Turning Point Brands Inc. | 33,696 | 1,677 | |
* | Hydrofarm Holdings Group Inc. | 26,078 | 1,318 |
* | Veru Inc. | 144,880 | 1,292 |
PetMed Express Inc. | 45,192 | 1,245 | |
* | 22nd Century Group Inc. | 346,699 | 1,238 |
Tootsie Roll Industries Inc. | 35,741 | 1,131 | |
* | Whole Earth Brands Inc. | 85,974 | 1,078 |
* | Vital Farms Inc. | 56,459 | 1,015 |
* | Duckhorn Portfolio Inc. | 46,138 | 991 |
*,1 | AppHarvest Inc. | 111,252 | 935 |
* | Seneca Foods Corp. Class A | 14,877 | 729 |
* | Landec Corp. | 60,043 | 650 |
* | PLBY Group Inc. | 24,740 | 615 |
Limoneira Co. | 36,468 | 600 | |
* | Honest Co. Inc. | 56,994 | 580 |
* | AquaBounty Technologies Inc. | 120,336 | 557 |
* | NewAge Inc. | 305,759 | 538 |
Shares | Market Value• ($000) | ||
* | HF Foods Group Inc. | 84,185 | 495 |
Nature's Sunshine Products Inc. | 27,203 | 466 | |
Village Super Market Inc. Class A | 19,829 | 444 | |
Oil-Dri Corp. of America | 11,958 | 427 | |
*,1 | Laird Superfood Inc. | 14,344 | 286 |
Natural Grocers by Vitamin Cottage Inc. | 21,562 | 261 | |
* | Greenlane Holdings Inc. Class A | 37,475 | 95 |
* | MedAvail Holdings Inc. | 26,921 | 90 |
* | Zevia PBC Class A | 4,110 | 57 |
199,510 | |||
Energy (4.1%) | |||
Ovintiv Inc. | 603,473 | 16,451 | |
Chesapeake Energy Corp. | 227,381 | 12,690 | |
* | ChampionX Corp. | 466,975 | 10,895 |
PDC Energy Inc. | 228,902 | 9,557 | |
* | Antero Resources Corp. | 658,872 | 9,040 |
Equitrans Midstream Corp. | 941,638 | 8,221 | |
* | Denbury Inc. | 116,177 | 8,171 |
* | Range Resources Corp. | 550,548 | 8,049 |
Matador Resources Co. | 254,991 | 7,331 | |
Murphy Oil Corp. | 337,527 | 7,176 | |
* | Southwestern Energy Co. | 1,560,645 | 7,101 |
* | California Resources Corp. | 193,555 | 6,625 |
Helmerich & Payne Inc. | 242,485 | 6,528 | |
* | CNX Resources Corp. | 503,801 | 5,723 |
Arcosa Inc. | 111,555 | 5,669 | |
* | Array Technologies Inc. | 294,102 | 5,609 |
SM Energy Co. | 268,477 | 5,128 | |
Magnolia Oil & Gas Corp. Class A | 320,636 | 5,028 | |
* | Renewable Energy Group Inc. | 103,087 | 4,992 |
* | Ameresco Inc. Class A | 71,151 | 4,920 |
Cactus Inc. Class A | 125,653 | 4,713 | |
* | FuelCell Energy Inc. | 748,818 | 4,673 |
World Fuel Services Corp. | 143,586 | 4,646 | |
* | Whiting Petroleum Corp. | 90,723 | 4,259 |
Oasis Petroleum Inc. | 46,464 | 4,023 | |
*,1 | SunPower Corp. | 184,244 | 3,971 |
*,1 | Stem Inc. | 144,265 | 3,605 |
* | Green Plains Inc. | 98,711 | 3,465 |
Patterson-UTI Energy Inc. | 429,919 | 3,336 | |
* | Callon Petroleum Co. | 91,902 | 3,140 |
* | TPI Composites Inc. | 82,323 | 2,989 |
* | Oceaneering International Inc. | 229,453 | 2,822 |
* | Gevo Inc. | 449,392 | 2,800 |
Bonanza Creek Energy Inc. | 70,857 | 2,755 | |
* | Golar LNG Ltd. | 236,842 | 2,665 |
Warrior Met Coal Inc. | 118,814 | 2,660 | |
* | Arch Resources Inc. | 34,878 | 2,640 |
* | Delek U.S. Holdings Inc. | 151,258 | 2,588 |
* | Peabody Energy Corp. | 158,983 | 2,541 |
Archrock Inc. | 309,717 | 2,379 | |
* | Tellurian Inc. | 730,111 | 2,329 |
* | PBF Energy Inc. Class A | 221,958 | 2,308 |
* | Kosmos Energy Ltd. | 933,582 | 2,203 |
* | Centennial Resource Development Inc. Class A | 417,135 | 2,127 |
Shares | Market Value• ($000) | ||
* | Liberty Oilfield Services Inc. Class A | 199,533 | 2,039 |
* | Dril-Quip Inc. | 80,971 | 1,968 |
* | NOW Inc. | 253,939 | 1,950 |
Brigham Minerals Inc. Class A | 100,199 | 1,916 | |
Northern Oil and Gas Inc. | 110,315 | 1,831 | |
* | CONSOL Energy Inc. | 78,499 | 1,792 |
* | DMC Global Inc. | 42,668 | 1,714 |
* | Par Pacific Holdings Inc. | 102,551 | 1,691 |
* | Extraction Oil & Gas Inc. | 36,091 | 1,643 |
* | Laredo Petroleum Inc. | 28,879 | 1,560 |
* | ProPetro Holding Corp. | 197,014 | 1,525 |
* | MRC Global Inc. | 184,889 | 1,516 |
* | NexTier Oilfield Solutions Inc. | 400,111 | 1,440 |
* | Nabors Industries Ltd. (XNYS) | 16,247 | 1,370 |
SunCoke Energy Inc. | 190,962 | 1,327 | |
* | Helix Energy Solutions Group Inc. | 330,518 | 1,243 |
* | Comstock Resources Inc. | 210,136 | 1,242 |
* | Contango Oil & Gas Co. | 337,816 | 1,226 |
* | Frank's International NV | 385,348 | 1,110 |
* | Tidewater Inc. | 93,160 | 1,071 |
* | Talos Energy Inc. | 84,529 | 1,048 |
* | REX American Resources Corp. | 12,157 | 1,030 |
CVR Energy Inc. | 68,075 | 980 | |
Berry Corp. | 155,004 | 930 | |
* | American Superconductor Corp. | 61,886 | 922 |
* | TETRA Technologies Inc. | 281,627 | 913 |
* | Oil States International Inc. | 138,969 | 814 |
* | National Energy Services Reunited Corp. | 68,387 | 776 |
* | Penn Virginia Corp. | 35,454 | 734 |
* | Select Energy Services Inc. Class A | 135,443 | 725 |
* | Vine Energy Inc. Class A | 47,441 | 705 |
* | W&T Offshore Inc. | 215,413 | 702 |
* | Matrix Service Co. | 59,851 | 675 |
*,1 | Beam Global | 20,302 | 632 |
* | Centrus Energy Corp. Class A | 21,584 | 624 |
* | RPC Inc. | 155,128 | 594 |
* | Aemetis Inc. | 53,360 | 593 |
* | Newpark Resources Inc. | 204,596 | 536 |
Solaris Oilfield Infrastructure Inc. Class A | 72,014 | 535 | |
Altus Midstream Co. Class A | 7,607 | 496 | |
* | FTC Solar Inc. | 43,843 | 476 |
* | Bristow Group Inc. | 14,869 | 469 |
* | Earthstone Energy Inc. Class A | 54,972 | 455 |
* | FTS International Inc. Class A | 20,484 | 455 |
Falcon Minerals Corp. | 93,448 | 415 | |
*,1 | Advent Technologies Holdings Inc. | 39,169 | 290 |
1 | HighPeak Energy Inc. | 11,527 | 112 |
Riley Exploration Permian Inc. | 5,364 | 108 |
Shares | Market Value• ($000) | ||
* | Nabors Industries Ltd. Warrants Exp. 6/11/26 | 5,784 | 34 |
279,493 | |||
Financials (15.1%) | |||
First Financial Bankshares Inc. | 298,879 | 14,233 | |
CIT Group Inc. | 228,527 | 12,665 | |
Valley National Bancorp | 921,635 | 12,018 | |
Essent Group Ltd. | 254,805 | 11,996 | |
Glacier Bancorp Inc. | 220,625 | 11,750 | |
Selective Insurance Group Inc. | 136,738 | 11,427 | |
South State Corp. | 163,161 | 11,190 | |
Houlihan Lokey Inc. Class A | 119,518 | 10,781 | |
Blackstone Mortgage Trust Inc. Class A | 318,656 | 10,455 | |
Radian Group Inc. | 442,462 | 10,455 | |
United Bankshares Inc. | 287,691 | 10,452 | |
RLI Corp. | 92,066 | 10,056 | |
Navient Corp. | 405,588 | 9,414 | |
UMB Financial Corp. | 100,794 | 9,231 | |
Hancock Whitney Corp. | 199,191 | 9,155 | |
Community Bank System Inc. | 123,193 | 9,116 | |
BankUnited Inc. | 214,464 | 9,014 | |
Kinsale Capital Group Inc. | 49,507 | 9,003 | |
* | Marathon Digital Holdings Inc. | 219,762 | 8,920 |
* | Open Lending Corp. Class A | 240,041 | 8,874 |
Moelis & Co. Class A | 140,757 | 8,720 | |
Pacific Premier Bancorp Inc. | 215,855 | 8,626 | |
ServisFirst Bancshares Inc. | 114,883 | 8,435 | |
Chimera Investment Corp. | 529,808 | 8,117 | |
* | Trupanion Inc. | 87,916 | 8,051 |
FirstCash Inc. | 92,697 | 7,943 | |
* | Texas Capital Bancshares Inc. | 116,756 | 7,938 |
Eastern Bankshares Inc. | 395,361 | 7,820 | |
Home BancShares Inc. | 351,040 | 7,776 | |
Ameris Bancorp | 153,112 | 7,539 | |
Investors Bancorp Inc. | 526,808 | 7,539 | |
Walker & Dunlop Inc. | 67,348 | 7,479 | |
CNO Financial Group Inc. | 302,190 | 7,392 | |
Federated Hermes Inc. | 217,868 | 7,370 | |
* | Enstar Group Ltd. | 31,685 | 7,309 |
*,1 | Riot Blockchain Inc. | 194,089 | 7,243 |
Associated Banc-Corp. | 348,511 | 7,186 | |
Simmons First National Corp. Class A | 247,305 | 7,184 | |
Cathay General Bancorp | 176,074 | 7,004 | |
Artisan Partners Asset Management Inc. Class A | 134,711 | 7,000 | |
* | LendingClub Corp. | 222,111 | 6,899 |
BancorpSouth Bank | 234,633 | 6,882 | |
Hamilton Lane Inc. Class A | 78,305 | 6,740 | |
Atlantic Union Bankshares Corp. | 181,431 | 6,713 | |
* | Cannae Holdings Inc. | 201,057 | 6,418 |
* | Axos Financial Inc. | 131,357 | 6,368 |
* | Mr Cooper Group Inc. | 163,265 | 6,348 |
Old National Bancorp | 380,417 | 6,338 |
Shares | Market Value• ($000) | ||
First BanCorp. (XNYS) | 496,200 | 6,317 | |
American Equity Investment Life Holding Co. | 196,549 | 6,229 | |
* | Focus Financial Partners Inc. Class A | 118,910 | 6,169 |
Independent Bank Group Inc. | 86,651 | 6,103 | |
Cadence BanCorp. Class A | 283,312 | 6,094 | |
CVB Financial Corp. | 297,489 | 6,057 | |
United Community Banks Inc. | 200,327 | 6,044 | |
Columbia Banking System Inc. | 165,695 | 6,025 | |
Goosehead Insurance Inc. Class A | 40,798 | 5,988 | |
* | Silvergate Capital Corp. Class A | 52,716 | 5,956 |
Flagstar Bancorp Inc. | 120,039 | 5,937 | |
Independent Bank Corp. (XNGS) | 75,857 | 5,818 | |
Piper Sandler Cos. | 40,704 | 5,817 | |
Fulton Financial Corp. | 365,881 | 5,799 | |
Washington Federal Inc. | 166,104 | 5,531 | |
PennyMac Financial Services Inc. | 81,310 | 5,411 | |
Arbor Realty Trust Inc. | 293,109 | 5,358 | |
Virtus Investment Partners Inc. | 16,876 | 5,277 | |
First Financial Bancorp | 221,558 | 5,209 | |
International Bancshares Corp. | 123,835 | 5,186 | |
First Merchants Corp. | 124,623 | 5,128 | |
WesBanco Inc. | 150,495 | 5,117 | |
* | Palomar Holdings Inc. | 56,590 | 5,082 |
Apollo Commercial Real Estate Finance Inc. | 323,312 | 5,027 | |
Cohen & Steers Inc. | 57,169 | 5,014 | |
Hilltop Holdings Inc. | 148,744 | 4,978 | |
WSFS Financial Corp. | 108,291 | 4,917 | |
First Midwest Bancorp Inc. | 262,345 | 4,914 | |
MFA Financial Inc. | 1,019,685 | 4,894 | |
Two Harbors Investment Corp. | 722,680 | 4,770 | |
Towne Bank | 154,651 | 4,712 | |
Sandy Spring Bancorp Inc. | 106,843 | 4,655 | |
Trustmark Corp. | 145,280 | 4,594 | |
Banner Corp. | 79,826 | 4,566 | |
Renasant Corp. | 127,238 | 4,466 | |
* | LendingTree Inc. | 26,760 | 4,459 |
* | Triumph Bancorp Inc. | 54,184 | 4,455 |
Live Oak Bancshares Inc. | 72,601 | 4,444 | |
* | PRA Group Inc. | 104,541 | 4,391 |
PennyMac Mortgage Investment Trust | 225,801 | 4,383 | |
* | Genworth Financial Inc. Class A | 1,168,405 | 4,382 |
PJT Partners Inc. Class A | 55,299 | 4,368 | |
* | NMI Holdings Inc. Class A | 193,409 | 4,365 |
Heartland Financial USA Inc. | 92,749 | 4,362 | |
iStar Inc. | 163,020 | 4,312 | |
Eagle Bancorp Inc. | 72,825 | 4,202 | |
First Interstate BancSystem Inc. Class A | 94,302 | 4,155 |
Shares | Market Value• ($000) | ||
StepStone Group Inc. Class A | 85,961 | 4,115 | |
Seacoast Banking Corp. of Florida | 125,794 | 4,018 | |
* | BRP Group Inc. Class A | 106,291 | 4,002 |
Great Western Bancorp Inc. | 127,629 | 3,951 | |
Horace Mann Educators Corp. | 96,067 | 3,939 | |
Veritex Holdings Inc. | 109,534 | 3,936 | |
BGC Partners Inc. Class A | 763,505 | 3,932 | |
Park National Corp. | 33,178 | 3,890 | |
Stewart Information Services Corp. | 61,430 | 3,867 | |
New York Mortgage Trust Inc. | 874,514 | 3,865 | |
Provident Financial Services Inc. | 174,924 | 3,861 | |
Argo Group International Holdings Ltd. | 72,995 | 3,861 | |
Bank of NT Butterfield & Son Ltd. | 115,556 | 3,849 | |
Hope Bancorp Inc. | 273,997 | 3,778 | |
Lakeland Financial Corp. | 56,189 | 3,732 | |
Enterprise Financial Services Corp. | 82,519 | 3,706 | |
Northwest Bancshares Inc. | 281,799 | 3,669 | |
Brightsphere Investment Group Inc. | 133,566 | 3,632 | |
Meta Financial Group Inc. | 72,444 | 3,564 | |
* | Encore Capital Group Inc. | 71,115 | 3,500 |
NBT Bancorp Inc. | 97,181 | 3,485 | |
Capitol Federal Financial Inc. | 299,257 | 3,453 | |
Westamerica BanCorp. | 60,110 | 3,411 | |
American National Group Inc. | 17,136 | 3,299 | |
Redwood Trust Inc. | 260,525 | 3,249 | |
Nelnet Inc. Class A | 39,182 | 3,169 | |
FB Financial Corp. | 76,780 | 3,163 | |
ProAssurance Corp. | 123,941 | 3,160 | |
Broadmark Realty Capital Inc. | 296,255 | 3,114 | |
James River Group Holdings Ltd. | 82,447 | 3,033 | |
Berkshire Hills Bancorp Inc. | 117,627 | 3,015 | |
B Riley Financial Inc. | 45,946 | 3,011 | |
Ladder Capital Corp. Class A | 262,016 | 2,990 | |
* | Bancorp Inc. | 120,723 | 2,977 |
First Commonwealth Financial Corp. | 219,888 | 2,973 | |
OceanFirst Financial Corp. | 136,434 | 2,901 | |
Customers Bancorp Inc. | 68,841 | 2,851 | |
OFG Bancorp | 117,160 | 2,790 | |
City Holding Co. | 35,641 | 2,776 | |
First Busey Corp. | 117,050 | 2,774 | |
* | Enova International Inc. | 83,550 | 2,755 |
First BanCorp. | 64,893 | 2,710 | |
Safety Insurance Group Inc. | 33,324 | 2,710 | |
Southside Bancshares Inc. | 71,845 | 2,708 | |
Employers Holdings Inc. | 65,643 | 2,703 | |
* | StoneX Group Inc. | 38,618 | 2,691 |
Shares | Market Value• ($000) | ||
Dime Community Bancshares Inc. | 80,859 | 2,668 | |
S&T Bancorp Inc. | 89,348 | 2,663 | |
Brookline Bancorp Inc. | 176,900 | 2,648 | |
Tompkins Financial Corp. | 32,926 | 2,621 | |
Premier Financial Corp. | 85,323 | 2,594 | |
National Bank Holdings Corp. Class A | 68,035 | 2,551 | |
AMERISAFE Inc. | 44,161 | 2,541 | |
TriCo Bancshares | 63,571 | 2,514 | |
ConnectOne Bancorp Inc. | 85,981 | 2,460 | |
Stock Yards Bancorp Inc. | 47,499 | 2,450 | |
BancFirst Corp. | 39,679 | 2,244 | |
Meridian Bancorp Inc. | 107,831 | 2,241 | |
First Foundation Inc. | �� 91,705 | 2,204 | |
* | eHealth Inc. | 56,341 | 2,178 |
Cowen Inc. Class A | 59,850 | 2,157 | |
Kearny Financial Corp. | 168,317 | 2,136 | |
German American Bancorp Inc. | 56,962 | 2,128 | |
Washington Trust Bancorp Inc. | 39,568 | 2,107 | |
Origin Bancorp Inc. | 50,999 | 2,099 | |
Heritage Financial Corp. | 81,391 | 2,071 | |
State Auto Financial Corp. | 40,740 | 2,061 | |
Federal Agricultural Mortgage Corp. Class C | 20,994 | 2,055 | |
Ready Capital Corp. | 133,640 | 2,046 | |
Preferred Bank | 31,866 | 2,036 | |
WisdomTree Investments Inc. | 318,567 | 2,010 | |
* | SiriusPoint Ltd. | 203,648 | 1,998 |
HomeStreet Inc. | 47,929 | 1,958 | |
BrightSpire Capital Inc. Class A | 194,609 | 1,950 | |
* | World Acceptance Corp. | 10,148 | 1,927 |
Lakeland Bancorp Inc. | 113,077 | 1,909 | |
First Bancorp Inc. (XNMS) | 46,674 | 1,891 | |
Banc of California Inc. | 103,925 | 1,868 | |
1st Source Corp. | 39,530 | 1,858 | |
Bryn Mawr Bank Corp. | 45,381 | 1,852 | |
QCR Holdings Inc. | 35,445 | 1,841 | |
* | Blucora Inc. | 111,460 | 1,829 |
Univest Financial Corp. | 66,278 | 1,795 | |
1 | Invesco Mortgage Capital Inc. | 572,656 | 1,787 |
Northfield Bancorp Inc. | 104,936 | 1,773 | |
ARMOUR Residential REIT Inc. | 162,619 | 1,766 | |
Ellington Financial Inc. | 94,851 | 1,757 | |
Horizon Bancorp Inc. | 98,343 | 1,755 | |
TPG RE Finance Trust Inc. | 137,718 | 1,735 | |
Granite Point Mortgage Trust Inc. | 125,573 | 1,728 | |
Altabancorp | 41,448 | 1,721 | |
* | Columbia Financial Inc. | 92,149 | 1,661 |
Harborone Bancorp Inc. | 116,646 | 1,648 | |
Allegiance Bancshares Inc. | 43,867 | 1,631 | |
* | MoneyGram International Inc. | 179,019 | 1,609 |
Central Pacific Financial Corp. | 63,411 | 1,605 | |
Camden National Corp. | 34,048 | 1,589 | |
KKR Real Estate Finance Trust Inc. | 74,366 | 1,586 | |
* | Nicolet Bankshares Inc. | 20,555 | 1,571 |
First Mid Bancshares Inc. | 38,259 | 1,565 |
Shares | Market Value• ($000) | ||
Flushing Financial Corp. | 67,832 | 1,555 | |
Heritage Commerce Corp. | 134,212 | 1,513 | |
Capstead Mortgage Corp. | 218,577 | 1,506 | |
Community Trust Bancorp Inc. | 35,718 | 1,488 | |
* | Ambac Financial Group Inc. | 104,501 | 1,472 |
HCI Group Inc. | 13,106 | 1,463 | |
Byline Bancorp Inc. | 58,535 | 1,440 | |
* | CrossFirst Bankshares Inc. | 108,172 | 1,430 |
Sculptor Capital Management Inc. Class A | 49,684 | 1,406 | |
TrustCo Bank Corp. NY | 43,704 | 1,402 | |
Peapack-Gladstone Financial Corp. | 42,026 | 1,400 | |
* | Metropolitan Bank Holding Corp. | 17,622 | 1,380 |
Hanmi Financial Corp. | 69,838 | 1,346 | |
Bank of Marin Bancorp | 37,044 | 1,341 | |
* | TriState Capital Holdings Inc. | 66,331 | 1,341 |
Cambridge Bancorp | 15,625 | 1,340 | |
Great Southern Bancorp Inc. | 24,234 | 1,320 | |
National Western Life Group Inc. Class A | 5,906 | 1,309 | |
Peoples Bancorp Inc. | 41,446 | 1,295 | |
Diamond Hill Investment Group Inc. | 7,011 | 1,283 | |
* | Amerant Bancorp Inc. (XNGS) | 48,142 | 1,279 |
Midland States Bancorp Inc. | 49,973 | 1,264 | |
United Fire Group Inc. | 48,222 | 1,252 | |
Dynex Capital Inc. | 69,523 | 1,235 | |
* | MBIA Inc. | 110,137 | 1,232 |
First Community Bankshares Inc. | 39,323 | 1,228 | |
Banco Latinoamericano de Comercio Exterior SA Class E | 71,274 | 1,216 | |
* | Oportun Financial Corp. | 47,896 | 1,209 |
CBTX Inc. | 42,508 | 1,157 | |
Arrow Financial Corp. | 31,106 | 1,146 | |
Financial Institutions Inc. | 35,937 | 1,141 | |
First Financial Corp. | 27,994 | 1,132 | |
Mercantile Bank Corp. | 36,243 | 1,131 | |
Regional Management Corp. | 19,021 | 1,130 | |
West BanCorp. Inc | 36,724 | 1,123 | |
First of Long Island Corp. | 52,723 | 1,118 | |
* | Assetmark Financial Holdings Inc. | 41,488 | 1,115 |
Republic Bancorp Inc. Class A | 22,209 | 1,113 | |
Bank First Corp. | 15,414 | 1,094 | |
* | Atlantic Capital Bancshares Inc. | 45,091 | 1,093 |
1 | Orchid Island Capital Inc. | 217,474 | 1,092 |
Hingham Institution for Savings | 3,322 | 1,078 | |
Business First Bancshares Inc. | 44,544 | 1,065 | |
Alerus Financial Corp. | 34,796 | 1,039 | |
Reliant Bancorp Inc. | 35,084 | 1,017 |
Shares | Market Value• ($000) | ||
Waterstone Financial Inc. | 49,817 | 1,010 | |
* | Equity Bancshares Inc. Class A | 31,382 | 1,007 |
Independent Bank Corp. | 47,942 | 1,004 | |
Capstar Financial Holdings Inc. | 47,106 | 991 | |
Oppenheimer Holdings Inc. Class A | 21,167 | 986 | |
HomeTrust Bancshares Inc. | 35,015 | 974 | |
MidWestOne Financial Group Inc. | 33,187 | 974 | |
Farmers National Banc Corp. | 59,704 | 931 | |
Bar Harbor Bankshares | 33,755 | 925 | |
Metrocity Bankshares Inc. | 44,128 | 914 | |
CNB Financial Corp. | 36,897 | 907 | |
Citizens & Northern Corp. | 35,669 | 895 | |
MVB Financial Corp. | 22,631 | 895 | |
Universal Insurance Holdings Inc. | 62,352 | 888 | |
* | Southern First Bancshares Inc. | 17,202 | 877 |
RBB Bancorp | 32,691 | 841 | |
Civista Bancshares Inc. | 35,707 | 840 | |
Merchants Bancorp | 22,787 | 836 | |
GCM Grosvenor Inc. Class A | 75,060 | 835 | |
American National Bankshares Inc. | 24,285 | 830 | |
Primis Financial Corp. | 55,211 | 828 | |
Sierra Bancorp | 32,320 | 822 | |
Southern Missouri Bancorp Inc. | 17,759 | 801 | |
SmartFinancial Inc. | 31,918 | 797 | |
Curo Group Holdings Corp. | 48,293 | 791 | |
* | Bridgewater Bancshares Inc. | 48,235 | 789 |
* | EZCorp. Inc. Class A | 113,351 | 781 |
Peoples Financial Services Corp. | 16,298 | 751 | |
Old Second Bancorp Inc. | 63,546 | 747 | |
* | Carter Bankshares Inc. | 59,505 | 725 |
Enterprise Bancorp Inc. | 21,215 | 716 | |
Capital City Bank Group Inc. | 30,741 | 713 | |
Century Bancorp Inc. Class A | 6,222 | 711 | |
First Bancorp Inc. (XNGS) | 23,778 | 706 | |
Blue Ridge Bankshares Inc. | 39,647 | 704 | |
Great Ajax Corp. | 49,375 | 698 | |
Spirit of Texas Bancshares Inc. | 29,468 | 697 | |
* | Citizens Inc. Class A | 114,506 | 684 |
Home Bancorp Inc. | 17,609 | 659 | |
* | Coastal Financial Corp. | 21,980 | 646 |
First Internet Bancorp | 21,281 | 632 | |
Guaranty Bancshares Inc. | 18,356 | 630 | |
Summit Financial Group Inc. | 26,216 | 628 | |
* | Howard Bancorp Inc. | 30,614 | 609 |
Mid Penn Bancorp Inc. | 22,765 | 605 | |
Orrstown Financial Services Inc. | 24,855 | 593 | |
Northrim BanCorp Inc. | 14,066 | 590 | |
Provident Bancorp Inc. | 36,142 | 587 |
Shares | Market Value• ($000) | ||
FS Bancorp Inc. | 17,006 | 581 | |
Investors Title Co. | 2,999 | 575 | |
PCSB Financial Corp. | 31,008 | 565 | |
South Plains Financial Inc. | 24,313 | 564 | |
* | Greenlight Capital Re Ltd. Class A | 62,682 | 528 |
Red River Bancshares Inc. | 10,522 | 528 | |
* | Ocwen Financial Corp. | 18,638 | 527 |
Premier Financial Bancorp Inc. | 29,155 | 525 | |
Tiptree Inc. | 51,947 | 525 | |
Donegal Group Inc. Class A | 33,336 | 502 | |
* | Maiden Holdings Ltd. | 159,420 | 499 |
Greenhill & Co. Inc. | 33,706 | 497 | |
Amalgamated Financial Corp. | 31,890 | 496 | |
Fidelity D&D Bancorp Inc. | 9,176 | 495 | |
Macatawa Bank Corp. | 60,227 | 494 | |
* | Ryan Specialty Group Holdings Inc. Class A | 14,936 | 492 |
Independence Holding Co. | 9,695 | 485 | |
First Bank | 35,792 | 477 | |
Luther Burbank Corp. | 35,833 | 465 | |
* | Finance of America Cos. Inc. Class A | 76,832 | 423 |
Heritage Insurance Holdings Inc. | 60,302 | 422 | |
Pzena Investment Management Inc. Class A | 38,706 | 422 | |
Capital Bancorp Inc. | 17,803 | 422 | |
* | Trean Insurance Group Inc. | 40,696 | 415 |
Marlin Business Services Corp. | 18,528 | 412 | |
* | NI Holdings Inc. | 19,840 | 387 |
Crawford & Co. Class A | 37,136 | 370 | |
AFC Gamma Inc. | 16,897 | 360 | |
HBT Financial Inc. | 21,802 | 356 | |
* | Republic First Bancorp Inc. | 101,253 | 338 |
*,1 | MetroMile Inc. | 84,237 | 337 |
GAMCO Investors Inc. Class A | 11,983 | 327 | |
* | Pioneer Bancorp Inc. | 26,618 | 327 |
Five Star Bancorp | 12,121 | 289 | |
* | Velocity Financial LLC | 19,869 | 256 |
United Insurance Holdings Corp. | 45,214 | 172 | |
Associated Capital Group Inc. Class A | 3,948 | 146 | |
Angel Oak Mortgage Inc. | 7,606 | 136 | |
Value Line Inc. | 2,321 | 85 | |
Home Point Capital Inc. | 17,848 | 71 | |
* | U.S. Century Bank Class A | 1,466 | 19 |
1,032,244 | |||
Health Care (19.9%) | |||
* | Intellia Therapeutics Inc. | 155,976 | 25,039 |
* | Tenet Healthcare Corp. | 244,449 | 18,419 |
* | STAAR Surgical Co. | 108,237 | 16,719 |
* | Shockwave Medical Inc. | 77,677 | 16,639 |
* | Biohaven Pharmaceutical Holding Co. Ltd. | 124,381 | 16,324 |
* | Arrowhead Pharmaceuticals Inc. | 233,352 | 15,663 |
Shares | Market Value• ($000) | ||
* | Omnicell Inc. | 99,030 | 15,376 |
* | Pacific Biosciences of California Inc. | 447,647 | 14,016 |
* | Inspire Medical Systems Inc. | 61,915 | 13,842 |
* | Invitae Corp. | 461,322 | 13,669 |
* | Halozyme Therapeutics Inc. | 324,360 | 13,620 |
* | Fate Therapeutics Inc. | 184,576 | 13,520 |
* | LHC Group Inc. | 70,294 | 13,128 |
* | NeoGenomics Inc. | 260,988 | 12,689 |
* | Blueprint Medicines Corp. | 134,704 | 12,564 |
* | Bridgebio Pharma Inc. | 247,773 | 12,416 |
* | Twist Bioscience Corp. | 108,694 | 12,305 |
* | Medpace Holdings Inc. | 66,733 | 12,169 |
* | HealthEquity Inc. | 188,291 | 12,083 |
* | Beam Therapeutics Inc. | 108,150 | 11,996 |
* | Alkermes plc | 369,262 | 11,543 |
* | Denali Therapeutics Inc. | 209,440 | 11,142 |
* | Neogen Corp. | 247,673 | 10,843 |
* | Livanova plc | 121,502 | 10,047 |
* | Editas Medicine Inc. Class A | 157,436 | 10,011 |
Ensign Group Inc. | 120,941 | 9,877 | |
* | Apellis Pharmaceuticals Inc. | 149,527 | 9,846 |
* | Nevro Corp. | 79,636 | 9,716 |
Select Medical Holdings Corp. | 254,306 | 8,791 | |
CONMED Corp. | 66,814 | 8,775 | |
* | Arvinas Inc. | 100,486 | 8,663 |
* | Merit Medical Systems Inc. | 118,118 | 8,477 |
* | CareDx Inc. | 115,205 | 8,442 |
* | Turning Point Therapeutics Inc. | 105,879 | 8,155 |
* | Progyny Inc. | 145,215 | 8,113 |
* | TG Therapeutics Inc. | 295,138 | 7,989 |
* | Option Care Health Inc. | 296,459 | 7,930 |
* | AtriCure Inc. | 103,121 | 7,592 |
* | Veracyte Inc. | 155,329 | 7,473 |
* | Integer Holdings Corp. | 75,601 | 7,469 |
* | Arena Pharmaceuticals Inc. | 140,848 | 7,454 |
* | NuVasive Inc. | 119,186 | 7,406 |
* | Haemonetics Corp. | 116,132 | 7,287 |
* | Kodiak Sciences Inc. | 77,111 | 7,262 |
* | Axonics Inc. | 95,834 | 7,186 |
* | Allakos Inc. | 80,476 | 7,175 |
* | Vir Biotechnology Inc. | 138,397 | 7,133 |
* | Emergent BioSolutions Inc. | 112,806 | 7,116 |
* | Inovalon Holdings Inc. Class A | 173,867 | 7,102 |
* | PTC Therapeutics Inc. | 159,943 | 6,982 |
* | Amicus Therapeutics Inc. | 605,578 | 6,898 |
* | Reata Pharmaceuticals Inc. Class A | 63,213 | 6,733 |
* | Insmed Inc. | 237,791 | 6,668 |
* | Prestige Consumer Healthcare Inc. | 115,295 | 6,617 |
* | 1Life Healthcare Inc. | 268,441 | 6,579 |
* | BioCryst Pharmaceuticals Inc. | 409,330 | 6,517 |
* | Inari Medical Inc. | 78,248 | 6,405 |
* | Apollo Medical Holdings Inc. | 83,506 | 6,339 |
Shares | Market Value• ($000) | ||
* | Agios Pharmaceuticals Inc. | 141,855 | 6,338 |
* | Myriad Genetics Inc. | 176,258 | 6,307 |
* | Phreesia Inc. | 87,762 | 6,279 |
Owens & Minor Inc. | 166,993 | 6,225 | |
* | Glaukos Corp. | 103,472 | 6,170 |
* | NanoString Technologies Inc. | 104,454 | 6,079 |
* | Karuna Therapeutics Inc. | 51,126 | 6,079 |
Patterson Cos. Inc. | 197,256 | 6,044 | |
* | R1 RCM Inc. | 302,916 | 5,974 |
* | Pacira BioSciences Inc. | 100,504 | 5,959 |
* | Cytokinetics Inc. | 178,678 | 5,891 |
* | Heska Corp. | 22,053 | 5,851 |
* | Vericel Corp. | 107,044 | 5,799 |
* | Translate Bio Inc. | 154,314 | 5,771 |
*,1 | Sorrento Therapeutics Inc. | 627,758 | 5,650 |
* | ModivCare Inc. | 28,623 | 5,646 |
* | MEDNAX Inc. | 175,235 | 5,627 |
* | Health Catalyst Inc. | 102,950 | 5,622 |
* | Multiplan Corp. | 918,912 | 5,513 |
* | Accolade Inc. | 115,888 | 5,491 |
* | Intra-Cellular Therapies Inc. | 162,772 | 5,404 |
* | Prothena Corp. plc | 78,504 | 5,269 |
* | Zentalis Pharmaceuticals Inc. | 76,573 | 5,222 |
* | Outset Medical Inc. | 105,345 | 5,192 |
* | Magellan Health Inc. | 54,576 | 5,164 |
* | SpringWorks Therapeutics Inc. | 67,233 | 5,049 |
*,1 | Cassava Sciences Inc. | 88,075 | 5,007 |
* | Dynavax Technologies Corp. | 248,217 | 4,830 |
* | ACADIA Pharmaceuticals Inc. | 275,703 | 4,828 |
* | American Well Corp. Class A | 448,308 | 4,801 |
* | Celldex Therapeutics Inc. | 90,276 | 4,753 |
* | Corcept Therapeutics Inc. | 222,633 | 4,738 |
* | Silk Road Medical Inc. | 78,146 | 4,632 |
* | Protagonist Therapeutics Inc. | 95,196 | 4,617 |
* | Ligand Pharmaceuticals Inc. | 34,660 | 4,586 |
Healthcare Services Group Inc. | 172,623 | 4,516 | |
* | Cortexyme Inc. | 45,932 | 4,423 |
* | Atea Pharmaceuticals Inc. | 148,706 | 4,420 |
* | Xencor Inc. | 130,290 | 4,413 |
* | Evolent Health Inc. Class A | 178,474 | 4,383 |
* | Ironwood Pharmaceuticals Inc. Class A | 334,469 | 4,382 |
* | AdaptHealth Corp. Class A | 181,476 | 4,363 |
* | Revance Therapeutics Inc. | 161,724 | 4,331 |
* | Relay Therapeutics Inc. | 134,829 | 4,319 |
* | Fulgent Genetics Inc. | 46,773 | 4,268 |
* | Ortho Clinical Diagnostics Holdings plc Class H | 203,744 | 4,165 |
* | Kymera Therapeutics Inc. | 66,559 | 4,136 |
*,1 | Inovio Pharmaceuticals Inc. | 476,263 | 4,115 |
* | Lantheus Holdings Inc. | 155,063 | 4,089 |
* | REVOLUTION Medicines Inc. | 136,840 | 3,981 |
Shares | Market Value• ($000) | ||
* | Global Blood Therapeutics Inc. | 137,853 | 3,955 |
* | Berkeley Lights Inc. | 110,415 | 3,926 |
* | Trillium Therapeutics Inc. | 225,283 | 3,882 |
*,1 | Senseonics Holdings Inc. | 956,343 | 3,835 |
* | MiMedx Group Inc. | 256,232 | 3,782 |
*,1 | Bionano Genomics Inc. | 647,600 | 3,776 |
* | Castle Biosciences Inc. | 49,059 | 3,764 |
* | Codexis Inc. | 138,771 | 3,750 |
* | Allogene Therapeutics Inc. | 156,777 | 3,739 |
* | Avanos Medical Inc. | 110,777 | 3,656 |
* | Quanterix Corp. | 71,053 | 3,627 |
* | Surgery Partners Inc. | 73,029 | 3,593 |
* | Alector Inc. | 132,654 | 3,586 |
* | Community Health Systems Inc. | 286,114 | 3,522 |
* | OPKO Health Inc. | 905,570 | 3,495 |
U.S. Physical Therapy Inc. | 29,441 | 3,456 | |
* | Avid Bioservices Inc. | 139,191 | 3,374 |
* | CorVel Corp. | 20,341 | 3,352 |
* | BioLife Solutions Inc. | 56,218 | 3,281 |
* | Dicerna Pharmaceuticals Inc. | 158,581 | 3,264 |
* | iRhythm Technologies Inc. | 67,995 | 3,250 |
* | RadNet Inc. | 103,209 | 3,242 |
* | Cardiovascular Systems Inc. | 90,481 | 3,238 |
*,1 | Ocugen Inc. | 425,139 | 3,227 |
* | Joint Corp. | 31,532 | 3,222 |
* | MacroGenics Inc. | 136,144 | 3,214 |
* | Addus HomeCare Corp. | 35,436 | 3,186 |
* | C4 Therapeutics Inc. | 79,324 | 3,183 |
* | Rocket Pharmaceuticals Inc. | 91,595 | 3,133 |
* | Supernus Pharmaceuticals Inc. | 113,133 | 3,115 |
* | Brookdale Senior Living Inc. | 426,195 | 3,111 |
* | Arcus Biosciences Inc. | 104,368 | 3,044 |
* | Morphic Holding Inc. | 47,762 | 3,009 |
* | REGENXBIO Inc. | 91,092 | 2,942 |
* | Travere Thrapeutics Inc. | 133,936 | 2,924 |
* | Deciphera Pharmaceuticals Inc. | 90,898 | 2,863 |
* | ALX Oncology Holdings Inc. | 40,835 | 2,858 |
* | Atara Biotherapeutics Inc. | 190,516 | 2,854 |
* | Bluebird Bio Inc. | 155,670 | 2,849 |
* | Agenus Inc. | 454,822 | 2,806 |
* | Anavex Life Sciences Corp. | 142,900 | 2,785 |
* | MannKind Corp. | 568,670 | 2,730 |
* | ImmunoGen Inc. | 450,262 | 2,724 |
* | Kura Oncology Inc. | 146,412 | 2,703 |
* | Sangamo Therapeutics Inc. | 270,895 | 2,685 |
* | Arcturus Therapeutics Holdings Inc. | 48,672 | 2,668 |
* | Inogen Inc. | 44,995 | 2,663 |
* | Varex Imaging Corp. | 88,430 | 2,580 |
* | Cerevel Therapeutics Holdings Inc. | 81,434 | 2,578 |
* | OptimizeRx Corp. | 38,797 | 2,568 |
* | Enanta Pharmaceuticals Inc. | 44,283 | 2,533 |
* | Generation Bio Co. | 101,005 | 2,525 |
* | Scholar Rock Holding Corp. | 63,735 | 2,519 |
Shares | Market Value• ($000) | ||
* | Cerus Corp. | 386,268 | 2,491 |
* | Heron Therapeutics Inc. | 212,983 | 2,486 |
* | Y-mAbs Therapeutics Inc. | 80,544 | 2,479 |
*,1 | Vaxart Inc. | 275,843 | 2,469 |
* | AngioDynamics Inc. | 85,408 | 2,417 |
* | Vaxcyte Inc. | 91,729 | 2,406 |
* | Krystal Biotech Inc. | 41,336 | 2,395 |
* | Pulmonx Corp. | 58,648 | 2,357 |
* | Coherus Biosciences Inc. | 147,372 | 2,355 |
* | Tivity Health Inc. | 101,281 | 2,355 |
LeMaitre Vascular Inc. | 41,418 | 2,345 | |
* | Nurix Therapeutics Inc. | 71,861 | 2,313 |
* | FibroGen Inc. | 198,389 | 2,307 |
* | Alphatec Holdings Inc. | 158,591 | 2,296 |
* | CryoLife Inc. | 87,313 | 2,291 |
*,1 | Omeros Corp. | 139,426 | 2,273 |
Atrion Corp. | 3,262 | 2,264 | |
* | Rubius Therapeutics Inc. | 103,827 | 2,255 |
* | OrthoPediatrics Corp. | 31,919 | 2,238 |
* | Innoviva Inc. | 146,088 | 2,229 |
* | IVERIC bio Inc. | 209,242 | 2,212 |
* | Mersana Therapeutics Inc. | 158,384 | 2,206 |
* | Kadmon Holdings Inc. | 397,678 | 2,179 |
* | Sutro Biopharma Inc. | 100,159 | 2,175 |
* | Madrigal Pharmaceuticals Inc. | 26,228 | 2,170 |
* | Mind Medicine Mindmed Inc. | 743,104 | 2,148 |
National HealthCare Corp. | 29,017 | 2,143 | |
* | Vanda Pharmaceuticals Inc. | 126,240 | 2,113 |
* | Intersect ENT Inc. | 76,903 | 2,093 |
* | Hanger Inc. | 86,334 | 2,062 |
* | Natus Medical Inc. | 77,702 | 2,061 |
* | Dermtech Inc. | 54,451 | 2,026 |
* | Cutera Inc. | 40,509 | 2,015 |
* | Meridian Bioscience Inc. | 98,211 | 1,988 |
* | Crinetics Pharmaceuticals Inc. | 83,710 | 1,973 |
* | NextGen Healthcare Inc. | 128,987 | 1,968 |
* | ChemoCentryx Inc. | 124,446 | 1,967 |
* | Tactile Systems Technology Inc. | 44,231 | 1,967 |
* | Replimune Group Inc. | 61,449 | 1,952 |
* | TransMedics Group Inc. | 59,710 | 1,951 |
* | Zogenix Inc. | 129,387 | 1,916 |
* | ViewRay Inc. | 313,266 | 1,892 |
* | Affimed NV | 267,518 | 1,883 |
* | Surmodics Inc. | 31,162 | 1,872 |
* | Kronos Bio Inc. | 89,474 | 1,871 |
* | Ocular Therapeutix Inc. | 176,694 | 1,866 |
* | Triple-S Management Corp. Class B | 52,517 | 1,864 |
* | Orthofix Medical Inc. | 43,722 | 1,854 |
* | Inhibrx Inc. | 64,461 | 1,838 |
* | PMV Pharmaceuticals Inc. | 60,193 | 1,827 |
* | Syndax Pharmaceuticals Inc. | 103,987 | 1,819 |
* | SI-BONE Inc. | 74,133 | 1,810 |
* | Pennant Group Inc. | 59,201 | 1,810 |
* | OraSure Technologies Inc. | 164,248 | 1,799 |
* | Forma Therapeutics Holdings Inc. | 74,306 | 1,786 |
* | HealthStream Inc. | 58,398 | 1,775 |
* | Curis Inc. | 198,587 | 1,757 |
* | Harmony Biosciences Holdings Inc. | 51,696 | 1,752 |
Shares | Market Value• ($000) | ||
* | ImmunityBio Inc. | 153,789 | 1,750 |
National Research Corp. | 32,221 | 1,740 | |
* | Personalis Inc. | 81,903 | 1,735 |
* | Applied Molecular Transport Inc. | 56,725 | 1,706 |
*,1 | Humanigen Inc. | 102,770 | 1,704 |
* | Amphastar Pharmaceuticals Inc. | 85,630 | 1,683 |
* | Collegium Pharmaceutical Inc. | 81,086 | 1,665 |
* | Phathom Pharmaceuticals Inc. | 46,694 | 1,662 |
* | Axsome Therapeutics Inc. | 64,071 | 1,645 |
* | Cara Therapeutics Inc. | 102,491 | 1,617 |
* | Tabula Rasa HealthCare Inc. | 51,634 | 1,617 |
* | Aclaris Therapeutics Inc. | 99,523 | 1,613 |
*,1 | BeyondSpring Inc. | 51,310 | 1,607 |
* | Avidity Biosciences Inc. | 69,348 | 1,584 |
* | PetIQ Inc. Class A | 60,831 | 1,579 |
* | NGM Biopharmaceuticals Inc. | 72,245 | 1,577 |
*,1 | VBI Vaccines Inc. | 427,326 | 1,543 |
* | Fulcrum Therapeutics Inc. | 50,867 | 1,511 |
* | Ideaya Biosciences Inc. | 64,277 | 1,511 |
* | Antares Pharma Inc. | 383,015 | 1,509 |
* | ORIC Pharmaceuticals Inc. | 67,876 | 1,499 |
* | Axogen Inc. | 87,411 | 1,491 |
* | Organogenesis Holdings Inc. Class A | 87,397 | 1,491 |
* | Radius Health Inc. | 107,436 | 1,489 |
* | Rigel Pharmaceuticals Inc. | 391,943 | 1,489 |
* | Sana Biotechnology Inc. | 61,802 | 1,483 |
* | Vapotherm Inc. | 52,625 | 1,455 |
* | Aerie Pharmaceuticals Inc. | 96,955 | 1,446 |
* | Eagle Pharmaceuticals Inc. | 26,819 | 1,431 |
* | Anika Therapeutics Inc. | 33,072 | 1,426 |
* | Gossamer Bio Inc. | 143,137 | 1,423 |
* | Akero Therapeutics Inc. | 59,117 | 1,403 |
* | Seer Inc. Class A | 35,020 | 1,400 |
* | Precision BioSciences Inc. | 108,848 | 1,368 |
* | G1 Therapeutics Inc. | 90,422 | 1,367 |
* | Rapt Therapeutics Inc. | 41,337 | 1,352 |
* | Privia Health Group Inc. | 45,188 | 1,347 |
* | Arcutis Biotherapeutics Inc. | 63,374 | 1,342 |
* | VistaGen Therapeutics Inc. | 438,853 | 1,334 |
* | IGM Biosciences Inc. | 18,635 | 1,327 |
* | iTeos Therapeutics Inc. | 46,765 | 1,326 |
*,1 | Precigen Inc. | 217,757 | 1,317 |
* | Rhythm Pharmaceuticals Inc. | 101,175 | 1,316 |
* | Allovir Inc. | 67,845 | 1,306 |
* | Amneal Pharmaceuticals Inc. | 228,683 | 1,290 |
* | Shattuck Labs Inc. | 60,866 | 1,286 |
* | Fluidigm Corp. | 171,943 | 1,240 |
* | Catalyst Pharmaceuticals Inc. | 222,532 | 1,226 |
* | Recursion Pharmaceuticals Inc. Class A | 48,396 | 1,221 |
* | SeaSpine Holdings Corp. | 72,709 | 1,220 |
* | Endo International plc | 526,796 | 1,206 |
Shares | Market Value• ($000) | ||
* | Keros Therapeutics Inc. | 35,821 | 1,205 |
* | PAVmed Inc. | 164,916 | 1,204 |
*,1 | Oramed Pharmaceuticals Inc. | 61,141 | 1,203 |
* | Chimerix Inc. | 167,492 | 1,189 |
* | Albireo Pharma Inc. | 38,731 | 1,183 |
* | Asensus Surgical Inc. | 536,943 | 1,181 |
* | TCR2 Therapeutics Inc. | 70,389 | 1,180 |
* | Annexon Inc. | 71,584 | 1,170 |
* | Dyne Therapeutics Inc. | 68,902 | 1,167 |
* | Computer Programs and Systems Inc. | 32,671 | 1,162 |
* | BioAtla Inc. | 28,069 | 1,153 |
* | Stoke Therapeutics Inc. | 43,955 | 1,151 |
Phibro Animal Health Corp. Class A | 47,055 | 1,143 | |
* | AnaptysBio Inc. | 44,324 | 1,135 |
* | UFP Technologies Inc. | 15,994 | 1,119 |
* | Altimmune Inc. | 74,379 | 1,115 |
* | Praxis Precision Medicines Inc. | 56,106 | 1,115 |
* | Avita Medical Inc. | 54,650 | 1,104 |
* | Agiliti Inc. | 51,742 | 1,104 |
*,1 | Clovis Oncology Inc. | 228,390 | 1,101 |
* | Akebia Therapeutics Inc. | 366,537 | 1,078 |
* | Spero Therapeutics Inc. | 55,704 | 1,072 |
* | Alignment Healthcare Inc. | 60,377 | 1,067 |
* | Epizyme Inc. | 206,044 | 1,063 |
* | Aldeyra Therapeutics Inc. | 111,296 | 1,056 |
* | Nkarta Inc. | 32,449 | 1,049 |
* | Verastem Inc. | 395,384 | 1,048 |
* | Marinus Pharmaceuticals Inc. | 84,622 | 1,046 |
* | Viking Therapeutics Inc. | 158,026 | 1,045 |
* | Bioxcel Therapeutics Inc. | 35,199 | 1,037 |
* | Seres Therapeutics Inc. | 161,627 | 1,036 |
* | Passage Bio Inc. | 84,906 | 1,021 |
*,1 | Atossa Therapeutics Inc. | 268,661 | 1,021 |
* | Theravance Biopharma Inc. | 122,394 | 1,016 |
* | Taysha Gene Therapies Inc. | 51,051 | 1,015 |
* | Geron Corp. (XNGS) | 697,286 | 1,011 |
* | Pliant Therapeutics Inc. | 55,011 | 1,003 |
* | Chinook Therapeutics Inc. | 72,115 | 978 |
* | Intercept Pharmaceuticals Inc. | 65,021 | 969 |
* | Karyopharm Therapeutics Inc. | 165,066 | 957 |
*,1 | CEL-SCI Corp. | 81,332 | 942 |
* | KalVista Pharmaceuticals Inc. | 45,475 | 930 |
*,1 | Butterfly Network Inc. | 74,655 | 923 |
* | ChromaDex Corp. | 107,593 | 918 |
* | CytoSorbents Corp. | 94,804 | 907 |
* | Selecta Biosciences Inc. | 204,792 | 889 |
* | Prelude Therapeutics Inc. | 24,906 | 889 |
* | Eargo Inc. | 44,396 | 888 |
* | Provention Bio Inc. | 129,018 | 866 |
* | Accuray Inc. | 212,293 | 864 |
* | MeiraGTx Holdings plc | 68,392 | 856 |
* | Cullinan Oncology Inc. | 30,276 | 854 |
* | Gritstone bio Inc. | 92,667 | 853 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 67,626 | 851 |
* | Apyx Medical Corp. | 71,613 | 846 |
* | Spectrum Pharmaceuticals Inc. | 359,773 | 845 |
Shares | Market Value• ($000) | ||
* | Aveanna Healthcare Holdings Inc. | 88,779 | 838 |
* | BioDelivery Sciences International Inc. | 215,567 | 832 |
*,1 | Pulse Biosciences Inc. | 32,082 | 831 |
* | Olema Pharmaceuticals Inc. | 27,695 | 829 |
* | Relmada Therapeutics Inc. | 34,319 | 821 |
* | Cue Biopharma Inc. | 68,392 | 820 |
* | Sientra Inc. | 133,335 | 811 |
* | ClearPoint Neuro Inc. | 42,997 | 811 |
* | Stereotaxis Inc. | 113,862 | 804 |
* | Evelo Biosciences Inc. | 69,556 | 791 |
* | UroGen Pharma Ltd. | 44,759 | 789 |
* | Evolus Inc. | 74,144 | 786 |
* | Athira Pharma Inc. | 74,161 | 785 |
* | ZIOPHARM Oncology Inc. | 480,759 | 784 |
*,1 | Esperion Therapeutics Inc. | 60,165 | 783 |
* | Athersys Inc. | 461,235 | 775 |
* | Inotiv Inc. | 29,757 | 775 |
* | CytomX Therapeutics Inc. | 151,056 | 773 |
* | Viracta Therapeutics Inc. | 83,307 | 768 |
* | Forte Biosciences Inc. | 26,045 | 766 |
* | Instil Bio Inc. | 39,831 | 751 |
* | Nuvation Bio Inc. | 81,250 | 750 |
* | Immunovant Inc. | 86,171 | 746 |
* | SIGA Technologies Inc. | 113,644 | 742 |
* | Lexicon Pharmaceuticals Inc. | 155,706 | 735 |
* | Aligos Therapeutics Inc. | 42,882 | 731 |
* | Harvard Bioscience Inc. | 88,258 | 729 |
* | Athenex Inc. | 198,283 | 724 |
* | Durect Corp. | 519,221 | 722 |
* | Misonix Inc. | 28,271 | 718 |
* | Ampio Pharmaceuticals Inc. | 436,715 | 716 |
Utah Medical Products Inc. | 8,023 | 711 | |
*,1 | Infinity Pharmaceuticals Inc. | 200,845 | 711 |
* | Cogent Biosciences Inc. | 85,135 | 705 |
* | Lineage Cell Therapeutics Inc. | 278,304 | 701 |
* | Syros Pharmaceuticals Inc. | 132,062 | 700 |
* | MEI Pharma Inc. | 248,625 | 696 |
* | 4D Molecular Therapeutics Inc. | 22,750 | 695 |
* | SQZ Biotechnologies Co. | 52,041 | 692 |
* | Homology Medicines Inc. | 96,151 | 691 |
* | Kinnate Biopharma Inc. | 30,932 | 684 |
* | ANI Pharmaceuticals Inc. | 22,468 | 681 |
* | Flexion Therapeutics Inc. | 112,597 | 673 |
* | Aeglea BioTherapeutics Inc. | 92,691 | 672 |
* | Neoleukin Therapeutics Inc. | 81,849 | 667 |
* | Oncocyte Corp. | 162,426 | 666 |
*,1 | TherapeuticsMD Inc. | 829,009 | 659 |
* | Brooklyn ImmunoTherapeutics Inc. | 54,529 | 658 |
* | Invacare Corp. | 77,335 | 654 |
* | Akouos Inc. | 54,891 | 653 |
* | Silverback Therapeutics Inc. | 29,295 | 644 |
* | Applied Therapeutics Inc. | 40,826 | 641 |
Shares | Market Value• ($000) | ||
* | Aspira Women's Health Inc. | 166,929 | 636 |
* | 9 Meters Biopharma Inc. | 487,941 | 634 |
* | Innovage Holding Corp. | 42,059 | 632 |
* | Cymabay Therapeutics Inc. | 159,087 | 630 |
* | iBio Inc. | 495,648 | 629 |
* | Treace Medical Concepts Inc. | 24,930 | 629 |
* | Codiak Biosciences Inc. | 36,015 | 619 |
* | iCAD Inc. | 51,167 | 617 |
* | Apria Inc. | 17,281 | 616 |
* | Arbutus Biopharma Corp. | 179,288 | 615 |
* | KemPharm Inc. | 65,638 | 610 |
* | Cardiff Oncology Inc. | 83,111 | 609 |
* | 908 Devices Inc. | 16,835 | 606 |
* | Kezar Life Sciences Inc. | 78,400 | 597 |
* | Zynex Inc. | 44,390 | 595 |
* | Eiger BioPharmaceuticals Inc. | 72,920 | 594 |
* | InfuSystem Holdings Inc. | 41,252 | 588 |
* | Citius Pharmaceuticals Inc. | 260,640 | 586 |
* | Foghorn Therapeutics Inc. | 44,887 | 583 |
* | Paratek Pharmaceuticals Inc. | 104,256 | 580 |
* | Poseida Therapeutics Inc. | 65,953 | 570 |
* | Prometheus Biosciences Inc. | 26,086 | 569 |
* | Frequency Therapeutics Inc. | 73,272 | 566 |
* | Quotient Ltd. | 183,656 | 564 |
* | Puma Biotechnology Inc. | 74,416 | 563 |
* | CorMedix Inc. | 86,944 | 562 |
* | Avrobio Inc. | 83,324 | 555 |
* | Outlook Therapeutics Inc. | 200,927 | 555 |
* | Molecular Templates Inc. | 84,679 | 552 |
XBiotech Inc. | 34,284 | 548 | |
* | WaVe Life Sciences Ltd. | 86,226 | 546 |
* | Fortress Biotech Inc. | 163,180 | 537 |
* | EyePoint Pharmaceuticals Inc. | 48,425 | 530 |
* | Tonix Pharmaceuticals Holding Corp. | 749,707 | 529 |
* | Black Diamond Therapeutics Inc. | 52,066 | 526 |
* | Viemed Healthcare Inc. | 80,831 | 518 |
*,1 | Retractable Technologies Inc. | 39,653 | 511 |
* | Inozyme Pharma Inc. | 32,998 | 509 |
* | Forian Inc. | 41,694 | 509 |
* | Tarsus Pharmaceuticals Inc. | 19,145 | 507 |
* | Castlight Health Inc. Class B | 273,985 | 496 |
* | Trevena Inc. | 375,143 | 495 |
* | GT Biopharma Inc. | 54,838 | 488 |
* | iRadimed Corp. | 14,389 | 486 |
* | Oncorus Inc. | 47,017 | 486 |
* | Adverum Biotechnologies Inc. | 199,543 | 485 |
* | Mustang Bio Inc. | 159,549 | 485 |
* | Design Therapeutics Inc. | 30,775 | 484 |
* | Surface Oncology Inc. | 76,250 | 483 |
* | Bolt Biotherapeutics Inc. | 26,664 | 474 |
* | Accelerate Diagnostics Inc. | 75,515 | 472 |
* | Jounce Therapeutics Inc. | 75,529 | 470 |
Shares | Market Value• ($000) | ||
* | Oncternal Therapeutics Inc. | 101,603 | 459 |
* | Acutus Medical Inc. | 35,343 | 452 |
* | Soliton Inc. | 21,226 | 446 |
* | Edgewise Therapeutics Inc. | 28,118 | 445 |
* | Magenta Therapeutics Inc. | 68,663 | 439 |
* | XOMA Corp. | 13,979 | 435 |
* | Clene Inc. | 52,714 | 422 |
* | 89bio Inc. | 22,670 | 420 |
* | DarioHealth Corp. | 30,796 | 415 |
* | Summit Therapeutics Inc. | 51,474 | 410 |
* | Harpoon Therapeutics Inc. | 42,760 | 405 |
* | Celcuity Inc. | 18,241 | 401 |
* | Adicet Bio Inc. | 48,016 | 401 |
*,1 | Vor BioPharma Inc. | 26,261 | 386 |
* | Neuronetics Inc. | 57,264 | 385 |
* | Seelos Therapeutics Inc. | 174,023 | 383 |
* | Avalo Therapeutics Inc. | 121,807 | 378 |
*,1 | Kala Pharmaceuticals Inc. | 110,989 | 375 |
*,1 | Sesen Bio Inc. | 392,295 | 372 |
* | Solid Biosciences Inc. | 137,325 | 372 |
*,1 | Greenwich Lifesciences Inc. | 9,220 | 369 |
* | Immunic Inc. | 35,638 | 351 |
* | Atreca Inc. Class A | 59,643 | 350 |
* | Exagen Inc. | 24,752 | 349 |
* | Oyster Point Pharma Inc. | 25,710 | 339 |
* | Verrica Pharmaceuticals Inc. | 30,190 | 338 |
* | NeuroPace Inc. | 15,835 | 336 |
* | Doximity Inc. Class A | 3,418 | 314 |
* | Werewolf Therapeutics Inc. | 17,442 | 310 |
* | Hookipa Pharma Inc. | 44,159 | 304 |
* | Rain Therapeutics Inc. | 17,175 | 301 |
* | Bioventus Inc. Class A | 19,705 | 286 |
* | Akoya Biosciences Inc. | 17,604 | 281 |
* | Biomea Fusion Inc. | 19,953 | 278 |
* | Ardelyx Inc. | 194,159 | 274 |
* | Kaleido Biosciences Inc. | 44,556 | 274 |
* | Ikena Oncology Inc. | 20,841 | 268 |
* | Terns Pharmaceuticals Inc. | 19,473 | 262 |
* | Talis Biomedical Corp. | 32,401 | 261 |
* | Alpine Immune Sciences Inc. | 26,684 | 254 |
* | SOC Telemed Inc. Class A | 93,873 | 254 |
* | Biodesix Inc. | 28,015 | 253 |
* | Gemini Therapeutics Inc. | 50,351 | 248 |
*,1 | Finch Therapeutics Group Inc. | 17,174 | 243 |
* | Ontrak Inc. | 19,668 | 238 |
* | Talaris Therapeutics Inc. | 20,498 | 238 |
* | Impel Neuropharma Inc. | 12,261 | 233 |
* | NexImmune Inc. | 15,465 | 218 |
* | Landos Biopharma Inc. | 15,239 | 202 |
* | Sensei Biotherapeutics Inc. | 16,905 | 182 |
* | Verve Therapeutics Inc. | 2,589 | 181 |
* | Vincerx Pharma Inc. | 10,942 | 172 |
* | Portage Biotech Inc. | 8,373 | 170 |
* | Adagio Therapeutics Inc. | 4,903 | 166 |
* | Reneo Pharmaceuticals Inc. | 14,536 | 161 |
* | Nuvalent Inc. Class A | 4,296 | 157 |
* | Spruce Biosciences Inc. | 19,370 | 149 |
Shares | Market Value• ($000) | ||
* | Eliem Therapeutics Inc. | 5,803 | 149 |
* | Monte Rosa Therapeutics Inc. | 4,046 | 144 |
* | Angion Biomedica Corp. | 12,709 | 140 |
* | Mirum Pharmaceuticals Inc. | 8,361 | 136 |
* | NantHealth Inc. | 59,184 | 130 |
* | Bright Health Group Inc. | 13,676 | 127 |
* | Immuneering Corp. Class A | 4,716 | 115 |
* | Caribou Biosciences Inc. | 4,156 | 113 |
* | Sigilon Therapeutics Inc. | 18,536 | 110 |
* | Tenaya Therapeutics Inc. | 4,879 | 99 |
* | RxSight Inc. | 6,203 | 95 |
* | Day One Biopharmaceuticals Inc. | 3,221 | 90 |
* | Cytek Biosciences Inc. | 3,474 | 79 |
* | Convey Holding Parent Inc. | 7,958 | 72 |
* | Lyell Immunopharma Inc. | 4,545 | 72 |
* | Icosavax Inc. | 1,551 | 59 |
* | Omega Therapeutics Inc. | 3,231 | 59 |
*,1 | Rani Therapeutics Holdings Inc. Class A | 3,007 | 55 |
* | Cyteir Therapeutics Inc. | 2,810 | 54 |
* | Sight Sciences Inc. | 1,663 | 47 |
* | Alpha Teknova Inc. | 2,427 | 46 |
* | TScan Therapeutics Inc. | 5,190 | 46 |
* | Imago Biosciences Inc. | 1,669 | 44 |
* | Sera Prognostics Inc. Class A | 4,164 | 41 |
* | Janux Therapeutics Inc. | 1,161 | 40 |
* | Erasca Inc. | 1,625 | 39 |
* | CVRx Inc. | 2,001 | 38 |
* | LifeStance Health Group Inc. | 2,268 | 34 |
* | Candel Therapeutics Inc. | 4,196 | 34 |
* | In8bio Inc. | 4,877 | 33 |
* | Vera Therapeutics Inc. | 2,022 | 30 |
* | Century Therapeutics Inc. | 1,206 | 30 |
*,2 | Alder Biopharmaceuticals Inc. CVR | 32,046 | 28 |
*,1,2 | Tobira Therapeutics Inc. CVR | 6,201 | 28 |
* | Elevation Oncology Inc. | 2,413 | 28 |
* | Absci Corp. | 1,492 | 28 |
* | Rallybio Corp. | 2,092 | 28 |
* | Singular Genomics Systems Inc. | 1,612 | 27 |
* | Codex DNA Inc. | 2,011 | 26 |
* | Graphite Bio Inc. | 1,214 | 24 |
* | Rapid Micro Biosystems Inc. Class A | 1,249 | 24 |
* | Aerovate Therapeutics Inc. | 304 | 5 |
*,2 | PDL BioPharma Inc. | 712 | 2 |
*,2 | Synergy Pharmaceuticals Inc. | 224,815 | — |
*,2 | Progenics Pharmaceuticals Inc. CVR | 110,304 | — |
*,2 | Achillion Pharma CVR Alexion Pharmaceuticals Inc. | 1,085 | — |
1,364,393 | |||
Industrials (14.9%) | |||
Tetra Tech Inc. | 124,130 | 17,855 | |
Rexnord Corp. | 276,097 | 16,776 | |
* | Chart Industries Inc. | 84,080 | 15,839 |
Shares | Market Value• ($000) | ||
EMCOR Group Inc. | 124,473 | 15,123 | |
* | Saia Inc. | 61,073 | 14,665 |
Exponent Inc. | 119,530 | 13,973 | |
* | ASGN Inc. | 119,627 | 13,421 |
* | WillScot Mobile Mini Holdings Corp. | 430,136 | 12,732 |
* | AMN Healthcare Services Inc. | 108,500 | 12,317 |
Maximus Inc. | 141,129 | 12,291 | |
* | WESCO International Inc. | 102,489 | 11,993 |
Simpson Manufacturing Co. Inc. | 100,241 | 11,342 | |
Watts Water Technologies Inc. Class A | 63,295 | 10,860 | |
* | Resideo Technologies Inc. | 332,844 | 10,731 |
John Bean Technologies Corp. | 72,252 | 10,541 | |
* | Atkore Inc. | 108,176 | 10,035 |
*,3 | API Group Corp. | 415,316 | 9,631 |
* | ExlService Holdings Inc. | 75,581 | 9,307 |
Insperity Inc. | 83,631 | 9,228 | |
* | Summit Materials Inc. Class A | 269,950 | 9,089 |
Franklin Electric Co. Inc. | 106,672 | 9,065 | |
Brink's Co. | 112,016 | 8,755 | |
* | ACI Worldwide Inc. | 271,554 | 8,752 |
* | Itron Inc. | 104,154 | 8,750 |
Altra Industrial Motion Corp. | 149,175 | 8,736 | |
Korn Ferry | 122,890 | 8,687 | |
* | TriNet Group Inc. | 93,299 | 8,591 |
Triton International Ltd. | 153,688 | 8,410 | |
EnerSys | 98,703 | 8,349 | |
HB Fuller Co. | 119,966 | 8,106 | |
Terex Corp. | 157,555 | 8,043 | |
Hillenbrand Inc. | 173,022 | 8,032 | |
UniFirst Corp. | 34,686 | 7,946 | |
Applied Industrial Technologies Inc. | 89,320 | 7,933 | |
Matson Inc. | 98,890 | 7,829 | |
SPX FLOW Inc. | 97,015 | 7,813 | |
ABM Industries Inc. | 155,137 | 7,682 | |
* | Herc Holdings Inc. | 57,454 | 7,552 |
GATX Corp. | 81,289 | 7,453 | |
Badger Meter Inc. | 67,222 | 7,199 | |
Kennametal Inc. | 192,457 | 7,156 | |
Aerojet Rocketdyne Holdings Inc. | 172,234 | 7,151 | |
* | Welbilt Inc. | 300,912 | 7,041 |
* | Kratos Defense & Security Solutions Inc. | 282,492 | 6,983 |
* | Bloom Energy Corp. Class A | 320,601 | 6,867 |
Werner Enterprises Inc. | 144,172 | 6,799 | |
Macquarie Infrastructure Corp. | 170,246 | 6,784 | |
Installed Building Products Inc. | 54,606 | 6,781 | |
* | Masonite International Corp. | 56,483 | 6,760 |
* | Beacon Roofing Supply Inc. | 128,401 | 6,610 |
AAON Inc. | 96,493 | 6,572 | |
EVERTEC Inc. | 139,399 | 6,447 | |
* | Green Dot Corp. Class A | 123,089 | 6,430 |
* | SPX Corp. | 100,903 | 6,304 |
Comfort Systems USA Inc. | 82,046 | 6,234 |
Shares | Market Value• ($000) | ||
Helios Technologies Inc. | 74,442 | 6,076 | |
Mueller Water Products Inc. Class A | 362,372 | 6,023 | |
* | Vicor Corp. | 48,582 | 5,994 |
* | CryoPort Inc. | 93,377 | 5,936 |
Belden Inc. | 101,866 | 5,832 | |
Trinity Industries Inc. | 199,788 | 5,800 | |
Brady Corp. Class A | 108,587 | 5,791 | |
* | Gibraltar Industries Inc. | 75,519 | 5,638 |
Federal Signal Corp. | 138,660 | 5,634 | |
Albany International Corp. Class A | 70,842 | 5,549 | |
Kadant Inc. | 26,516 | 5,545 | |
Forward Air Corp. | 62,607 | 5,520 | |
* | O-I Glass Inc. | 363,626 | 5,502 |
* | Fluor Corp. | 327,049 | 5,449 |
* | Hub Group Inc. Class A | 76,233 | 5,352 |
* | JELD-WEN Holding Inc. | 193,333 | 5,324 |
ESCO Technologies Inc. | 58,876 | 5,306 | |
Moog Inc. Class A | 66,716 | 5,300 | |
* | AeroVironment Inc. | 51,767 | 5,299 |
Maxar Technologies Inc. | 165,149 | 5,250 | |
* | Allegheny Technologies Inc. | 293,278 | 5,238 |
Otter Tail Corp. | 94,752 | 5,199 | |
Barnes Group Inc. | 108,963 | 5,194 | |
* | Dycom Industries Inc. | 68,824 | 5,185 |
ManTech International Corp. Class A | 63,102 | 4,996 | |
* | GMS Inc. | 98,402 | 4,862 |
* | Atlas Air Worldwide Holdings Inc. | 66,281 | 4,850 |
*,1 | Nikola Corp. | 461,744 | 4,816 |
* | Raven Industries Inc. | 82,098 | 4,790 |
* | Verra Mobility Corp. Class A | 308,752 | 4,789 |
* | Proto Labs Inc. | 63,978 | 4,745 |
TTEC Holdings Inc. | 42,550 | 4,487 | |
Granite Construction Inc. | 105,370 | 4,272 | |
Patrick Industries Inc. | 52,333 | 4,271 | |
CSW Industrials Inc. | 31,467 | 4,178 | |
Lindsay Corp. | 25,085 | 4,133 | |
* | Repay Holdings Corp. Class A | 177,293 | 4,080 |
EnPro Industries Inc. | 47,525 | 4,064 | |
ICF International Inc. | 42,583 | 3,988 | |
* | MYR Group Inc. | 38,024 | 3,955 |
Encore Wire Corp. | 46,326 | 3,938 | |
* | Ferro Corp. | 188,928 | 3,930 |
* | CBIZ Inc. | 115,174 | ��� 3,929 |
ArcBest Corp. | 58,286 | 3,889 | |
McGrath RentCorp. | 55,580 | 3,878 | |
* | OSI Systems Inc. | 38,967 | 3,855 |
* | Cimpress plc | 40,398 | 3,837 |
* | Meritor Inc. | 161,704 | 3,836 |
Greif Inc. Class A | 59,005 | 3,736 | |
* | Air Transport Services Group Inc. | 135,927 | 3,723 |
Deluxe Corp. | 97,013 | 3,720 | |
* | Textainer Group Holdings Ltd. | 110,388 | 3,667 |
Alamo Group Inc. | 22,886 | 3,548 | |
Shyft Group Inc. | 79,707 | 3,508 | |
Enerpac Tool Group Corp. Class A | 139,291 | 3,505 | |
Greenbrier Cos. Inc. | 74,477 | 3,284 | |
* | TriMas Corp. | 99,669 | 3,200 |
Shares | Market Value• ($000) | ||
Astec Industries Inc. | 52,231 | 3,193 | |
* | Veritiv Corp. | 35,368 | 3,171 |
Primoris Services Corp. | 123,220 | 3,167 | |
Tennant Co. | 42,561 | 3,149 | |
* | NV5 Global Inc. | 29,496 | 3,116 |
*,1 | Danimer Scientific Inc. | 158,356 | 3,094 |
AZZ Inc. | 57,362 | 3,072 | |
Pitney Bowes Inc. | 405,073 | 3,026 | |
Mesa Laboratories Inc. | 11,289 | 3,013 | |
Columbus McKinnon Corp. | 64,156 | 2,954 | |
* | FARO Technologies Inc. | 41,877 | 2,887 |
* | PGT Innovations Inc. | 134,679 | 2,859 |
* | Conduent Inc. | 384,579 | 2,807 |
*,1 | Workhorse Group Inc. | 284,627 | 2,792 |
Kforce Inc. | 47,280 | 2,762 | |
Standex International Corp. | 27,823 | 2,761 | |
* | American Woodmark Corp. | 39,095 | 2,755 |
* | Evo Payments Inc. Class A | 107,992 | 2,747 |
* | CoreCivic Inc. | 275,413 | 2,677 |
* | AAR Corp. | 78,406 | 2,654 |
Griffon Corp. | 107,029 | 2,590 | |
* | Montrose Environmental Group Inc. | 51,340 | 2,567 |
* | Vivint Smart Home Inc. | 210,407 | 2,567 |
* | Huron Consulting Group Inc. | 51,636 | 2,549 |
H&E Equipment Services Inc. | 74,097 | 2,523 | |
Apogee Enterprises Inc. | 58,310 | 2,506 | |
* | Lydall Inc. | 40,312 | 2,499 |
Kaman Corp. | 63,736 | 2,491 | |
* | Ranpak Holdings Corp. Class A | 80,290 | 2,465 |
*,1 | Hyliion Holdings Corp. | 270,065 | 2,385 |
*,1 | Ideanomics Inc. | 940,743 | 2,361 |
* | Donnelley Financial Solutions Inc. | 67,848 | 2,263 |
* | Great Lakes Dredge & Dock Corp. | 149,214 | 2,255 |
* | TrueBlue Inc. | 80,523 | 2,201 |
* | Construction Partners Inc. Class A | 65,597 | 2,196 |
* | Triumph Group Inc. | 118,356 | 2,185 |
* | Aspen Aerogels Inc. | 49,755 | 2,177 |
Marten Transport Ltd. | 137,036 | 2,136 | |
CAI International Inc. | 37,536 | 2,101 | |
* | Cornerstone Building Brands Inc. | 125,815 | 2,091 |
Douglas Dynamics Inc. | 52,139 | 2,072 | |
* | Echo Global Logistics Inc. | 60,409 | 1,986 |
* | Energy Recovery Inc. | 97,196 | 1,986 |
* | Frontline Ltd. | 274,559 | 1,982 |
Chase Corp. | 17,197 | 1,969 | |
SFL Corp. Ltd. | 240,270 | 1,929 | |
Heidrick & Struggles International Inc. | 44,553 | 1,926 | |
* | Manitowoc Co. Inc. | 79,353 | 1,924 |
Myers Industries Inc. | 82,974 | 1,892 | |
Wabash National Corp. | 119,006 | 1,849 | |
Heartland Express Inc. | 110,014 | 1,846 | |
DHT Holdings Inc. | 333,664 | 1,845 | |
Gorman-Rupp Co. | 52,416 | 1,838 | |
* | Paya Holdings Inc. Class A | 189,483 | 1,829 |
Shares | Market Value• ($000) | ||
Scorpio Tankers Inc. | 112,160 | 1,818 | |
Quanex Building Products Corp. | 76,995 | 1,814 | |
* | Cross Country Healthcare Inc. | 82,259 | 1,789 |
Costamare Inc. | 122,049 | 1,755 | |
* | SP Plus Corp. | 53,206 | 1,723 |
International Seaways Inc. | 94,685 | 1,629 | |
* | Desktop Metal Inc. Class A | 192,694 | 1,599 |
Insteel Industries Inc. | 43,096 | 1,595 | |
Argan Inc. | 34,426 | 1,594 | |
Kelly Services Inc. Class A | 81,192 | 1,578 | |
* | Forterra Inc. | 66,637 | 1,535 |
* | Advantage Solutions Inc. | 175,600 | 1,529 |
CRA International Inc. | 16,296 | 1,515 | |
* | CIRCOR International Inc. | 42,213 | 1,509 |
* | Sterling Construction Co. Inc. | 64,440 | 1,486 |
Cass Information Systems Inc. | 32,688 | 1,474 | |
* | BrightView Holdings Inc. | 94,884 | 1,455 |
Genco Shipping & Trading Ltd. | 73,832 | 1,439 | |
* | Modine Manufacturing Co. | 114,899 | 1,429 |
Luxfer Holdings plc | 65,343 | 1,395 | |
* | I3 Verticals Inc. Class A | 47,480 | 1,373 |
* | Cantaloupe Inc. | 133,880 | 1,371 |
* | Tutor Perini Corp. | 94,919 | 1,369 |
Pactiv Evergreen Inc. | 99,319 | 1,366 | |
Hyster-Yale Materials Handling Inc. | 23,081 | 1,353 | |
* | International Money Express Inc. | 73,979 | 1,349 |
Barrett Business Services Inc. | 17,279 | 1,339 | |
* | Vectrus Inc. | 26,524 | 1,334 |
* | Ducommun Inc. | 25,144 | 1,325 |
* | GreenSky Inc. Class A | 164,663 | 1,309 |
* | Napco Security Technologies Inc. | 33,215 | 1,300 |
* | Titan Machinery Inc. | 44,534 | 1,279 |
* | Thermon Group Holdings Inc. | 75,508 | 1,261 |
* | Franklin Covey Co. | 28,805 | 1,252 |
* | Forrester Research Inc. | 26,038 | 1,238 |
* | DXP Enterprises Inc. | 40,858 | 1,225 |
VSE Corp. | 24,335 | 1,216 | |
* | BlueLinx Holdings Inc. | 20,648 | 1,188 |
* | BTRS Holdings Inc. | 108,651 | 1,185 |
Resources Connection Inc. | 72,301 | 1,142 | |
Ennis Inc. | 58,739 | 1,140 | |
*,1 | PureCycle Technologies Inc. | 75,496 | 1,111 |
* | Transcat Inc. | 16,310 | 1,105 |
* | Vishay Precision Group Inc. | 28,733 | 1,074 |
*,1 | Velodyne Lidar Inc. | 162,205 | 1,071 |
* | PAE Inc. | 159,253 | 1,065 |
REV Group Inc. | 65,126 | 1,059 | |
National Presto Industries Inc. | 11,775 | 984 | |
*,1 | View Inc. | 194,539 | 975 |
* | IES Holdings Inc. | 19,798 | 968 |
* | Titan International Inc. | 116,019 | 964 |
* | ExOne Co. | 39,093 | 960 |
Shares | Market Value• ($000) | ||
* | Eagle Bulk Shipping Inc. | 19,263 | 951 |
* | Willdan Group Inc. | 25,128 | 950 |
Miller Industries Inc. | 25,336 | 943 | |
Allied Motion Technologies Inc. | 27,036 | 934 | |
* | Babcock & Wilcox Enterprises Inc. | 127,336 | 930 |
* | Daseke Inc. | 96,352 | 911 |
Dorian LPG Ltd. | 68,628 | 907 | |
Greif Inc. Class B | 13,848 | 852 | |
Nordic American Tankers Ltd. | 346,735 | 822 | |
* | RR Donnelley & Sons Co. | 162,487 | 798 |
* | Atlanticus Holdings Corp. | 12,368 | 794 |
* | Rekor Systems Inc. | 72,014 | 786 |
* | Blue Bird Corp. | 36,214 | 784 |
* | ShotSpotter Inc. | 19,613 | 781 |
* | Commercial Vehicle Group Inc. | 73,752 | 775 |
* | Luna Innovations Inc. | 70,161 | 756 |
* | Astronics Corp. | 54,916 | 734 |
U.S. Lime & Minerals Inc. | 4,929 | 720 | |
* | Byrna Technologies Inc. | 24,269 | 711 |
* | Yellow Corp. | 115,784 | 705 |
* | Acacia Research Corp. | 112,735 | 687 |
* | Covenant Logistics Group Inc. Class A | 28,088 | 684 |
Kronos Worldwide Inc. | 51,066 | 676 | |
Caesarstone Ltd. | 51,763 | 673 | |
Park Aerospace Corp. | 44,878 | 654 | |
* | Teekay Tankers Ltd. Class A | 54,650 | 626 |
* | Radiant Logistics Inc. | 90,010 | 617 |
* | Infrastructure and Energy Alternatives Inc. | 47,978 | 616 |
* | GP Strategies Corp. | 29,063 | 601 |
* | Lawson Products Inc. | 10,982 | 579 |
* | Iteris Inc. | 95,749 | 546 |
* | U.S. Xpress Enterprises Inc. Class A | 61,974 | 542 |
* | AgEagle Aerial Systems Inc. | 153,138 | 542 |
* | CECO Environmental Corp. | 71,471 | 540 |
Powell Industries Inc. | 20,898 | 529 | |
*,1 | Eos Energy Enterprises Inc. | 40,117 | 518 |
Park-Ohio Holdings Corp. | 19,737 | 509 | |
* | Safe Bulkers Inc. | 124,747 | 504 |
* | Concrete Pumping Holdings Inc. | 59,321 | 493 |
Preformed Line Products Co. | 6,890 | 483 | |
* | Teekay Corp. | 159,445 | 483 |
* | Mistras Group Inc. | 45,241 | 480 |
* | HC2 Holdings Inc. | 108,902 | 412 |
Universal Logistics Holdings Inc. | 18,060 | 395 | |
* | GreenBox POS | 39,738 | 387 |
* | EVI Industries Inc. | 13,115 | 319 |
* | Atlas Technical Consultants Inc. | 30,755 | 311 |
* | Mayville Engineering Co. Inc. | 20,680 | 309 |
* | PAM Transportation Services Inc. | 8,244 | 288 |
* | Aersale Corp. | 20,785 | 281 |
* | Team Inc. | 60,410 | 271 |
Shares | Market Value• ($000) | ||
* | Custom Truck One Source Inc. | 29,834 | 256 |
* | Karat Packaging Inc. | 10,747 | 252 |
* | Willis Lease Finance Corp. | 6,251 | 235 |
* | StarTek Inc. | 38,667 | 235 |
* | Target Hospitality Corp. | 57,183 | 228 |
* | IBEX Holdings Ltd. | 12,646 | 227 |
* | Core & Main Inc. Class A | 8,122 | 223 |
Hirequest Inc. | 11,707 | 217 | |
* | TaskUS Inc. Class A | 2,857 | 180 |
* | First Advantage Corp. | 6,967 | 158 |
* | Priority Technology Holdings Inc. | 23,910 | 144 |
* | Legalzoom.com Inc. | 2,250 | 77 |
* | BM Technologies Inc. (XASE) | 6,954 | 68 |
* | CS Disco Inc. | 808 | 42 |
* | Flywire Corp. | 580 | 25 |
* | Paymentus Holdings Inc. Class A | 467 | 12 |
1,016,771 | |||
Other (0.0%)4 | |||
*,2 | Aduro Biotech Inc. CVR | 17,431 | 10 |
*,2 | Media General Inc. CVR | 85,418 | 3 |
*,2 | NewStar Financial Inc. CVR | 18,788 | 2 |
*,2 | GTX Inc. CVR | 846 | 1 |
16 | |||
Real Estate (7.3%) | |||
EastGroup Properties Inc. | 91,470 | 16,488 | |
STAG Industrial Inc. | 370,319 | 15,646 | |
Innovative Industrial Properties Inc. | 54,557 | 13,416 | |
QTS Realty Trust Inc. Class A | 157,574 | 12,288 | |
Agree Realty Corp. | 154,723 | 11,535 | |
* | Redfin Corp. | 234,228 | 11,376 |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 176,546 | 10,658 | |
Terreno Realty Corp. | 157,724 | 10,538 | |
National Storage Affiliates Trust | 180,102 | 10,311 | |
* | Ryman Hospitality Properties Inc. | 123,849 | 10,288 |
Healthcare Realty Trust Inc. | 325,971 | 9,789 | |
Physicians Realty Trust | 496,199 | 9,185 | |
Broadstone Net Lease Inc. | 327,613 | 8,977 | |
Essential Properties Realty Trust Inc. | 269,519 | 8,735 | |
Lexington Realty Trust | 631,231 | 8,541 | |
* | Outfront Media Inc. | 335,027 | 8,295 |
Sabra Health Care REIT Inc. | 496,594 | 7,945 | |
PotlatchDeltic Corp. | 152,019 | 7,897 | |
Macerich Co. | 455,123 | 7,773 | |
* | Digitalbridge Group Inc. | 1,100,975 | 7,597 |
Corporate Office Properties Trust | 260,032 | 7,328 | |
PS Business Parks Inc. | 46,211 | 7,266 | |
Apple Hospitality REIT Inc. | 483,505 | 7,146 | |
Equity Commonwealth | 269,745 | 7,105 |
Shares | Market Value• ($000) | ||
Pebblebrook Hotel Trust | 299,336 | 6,594 | |
eXp World Holdings Inc. | 142,890 | 6,552 | |
Retail Properties of America Inc. Class A | 493,852 | 6,529 | |
SITE Centers Corp. | 398,957 | 6,427 | |
Kennedy-Wilson Holdings Inc. | 276,534 | 6,081 | |
National Health Investors Inc. | 100,778 | 6,029 | |
Uniti Group Inc. | 447,744 | 5,852 | |
* | Sunstone Hotel Investors Inc. | 494,941 | 5,736 |
RLJ Lodging Trust | 377,093 | 5,441 | |
Brandywine Realty Trust | 390,768 | 5,424 | |
Piedmont Office Realty Trust Inc. Class A | 285,590 | 5,089 | |
Urban Edge Properties | 266,588 | 5,049 | |
Four Corners Property Trust Inc. | 175,180 | 5,012 | |
* | Cushman & Wakefield plc | 270,220 | 4,902 |
Washington REIT | 194,923 | 4,900 | |
CareTrust REIT Inc. | 222,260 | 4,887 | |
Retail Opportunity Investments Corp. | 267,656 | 4,839 | |
Independence Realty Trust Inc. | 235,271 | 4,818 | |
Newmark Group Inc. Class A | 343,578 | 4,680 | |
* | Realogy Holdings Corp. | 265,260 | 4,655 |
American Assets Trust Inc. | 114,960 | 4,578 | |
* | Xenia Hotels & Resorts Inc. | 262,493 | 4,573 |
Columbia Property Trust Inc. | 264,157 | 4,417 | |
* | DiamondRock Hospitality Co. | 481,932 | 4,357 |
Service Properties Trust | 378,114 | 4,322 | |
Monmouth Real Estate Investment Corp. | 219,518 | 4,166 | |
Easterly Government Properties Inc. Class A | 193,895 | 4,144 | |
Acadia Realty Trust | 195,196 | 4,142 | |
Industrial Logistics Properties Trust | 149,553 | 4,102 | |
Kite Realty Group Trust | 192,170 | 3,893 | |
Tanger Factory Outlet Centers Inc. | 228,656 | 3,823 | |
Paramount Group Inc. | 430,148 | 3,811 | |
Global Net Lease Inc. | 221,048 | 3,758 | |
Safehold Inc. | 41,215 | 3,693 | |
* | Mack-Cali Realty Corp. | 202,307 | 3,617 |
St. Joe Co. | 76,767 | 3,552 | |
Alexander & Baldwin Inc. | 166,974 | 3,486 | |
Empire State Realty Trust Inc. Class A | 329,229 | 3,381 | |
NexPoint Residential Trust Inc. | 51,307 | 3,324 | |
LTC Properties Inc. | 89,665 | 3,094 | |
Centerspace | 30,481 | 3,084 | |
Office Properties Income Trust | 110,358 | 2,928 | |
Getty Realty Corp. | 91,796 | 2,904 | |
Community Healthcare Trust Inc. | 53,810 | 2,610 | |
* | Apartment Investment and Management Co. Class A | 342,122 | 2,456 |
Shares | Market Value• ($000) | ||
RPT Realty | 185,853 | 2,405 | |
NETSTREIT Corp. | 91,664 | 2,370 | |
* | Summit Hotel Properties Inc. | 239,171 | 2,229 |
UMH Properties Inc. | 93,173 | 2,208 | |
American Finance Trust Inc. | 251,473 | 2,168 | |
* | Marcus & Millichap Inc. | 54,826 | 2,150 |
GEO Group Inc. | 272,461 | 2,112 | |
Diversified Healthcare Trust | 547,093 | 2,052 | |
Global Medical REIT Inc. | 130,064 | 2,006 | |
Gladstone Commercial Corp. | 83,209 | 1,883 | |
Armada Hoffler Properties Inc. | 137,119 | 1,842 | |
* | Radius Global Infrastructure Inc. Class A (XNMS) | 101,082 | 1,807 |
Universal Health Realty Income Trust | 29,523 | 1,749 | |
New Senior Investment Group Inc. | 188,047 | 1,642 | |
RMR Group Inc. Class A | 35,128 | 1,628 | |
Plymouth Industrial REIT Inc. | 67,683 | 1,595 | |
City Office REIT Inc. | 98,157 | 1,568 | |
Preferred Apartment Communities Inc. Class A | 114,906 | 1,434 | |
RE/MAX Holdings Inc. Class A | 42,388 | 1,420 | |
* | Seritage Growth Properties Class A | 84,681 | 1,369 |
Ares Commercial Real Estate Corp. | 86,497 | 1,365 | |
Gladstone Land Corp. | 57,704 | 1,359 | |
Alexander's Inc. | 5,069 | 1,350 | |
* | Chatham Lodging Trust | 109,905 | 1,319 |
* | CorePoint Lodging Inc. | 90,254 | 1,305 |
Urstadt Biddle Properties Inc. Class A | 68,373 | 1,305 | |
CatchMark Timber Trust Inc. Class A | 112,106 | 1,294 | |
Saul Centers Inc. | 27,109 | 1,249 | |
One Liberty Properties Inc. | 36,814 | 1,172 | |
Franklin Street Properties Corp. | 236,864 | 1,137 | |
Retail Value Inc. | 40,130 | 1,003 | |
* | Rafael Holdings Inc. Class B | 22,538 | 943 |
* | Tejon Ranch Co. | 47,814 | 919 |
Whitestone REIT | 92,141 | 904 | |
* | FRP Holdings Inc. | 15,266 | 881 |
* | Forestar Group Inc. | 39,074 | 812 |
CTO Realty Growth Inc. | 13,499 | 757 | |
Farmland Partners Inc. | 61,494 | 753 | |
Indus Realty Trust Inc. | 10,118 | 709 | |
* | Hersha Hospitality Trust Class A | 74,273 | 697 |
Postal Realty Trust Inc. Class A | 27,535 | 538 | |
* | Braemar Hotels & Resorts Inc. | 102,119 | 515 |
BRT Apartments Corp. | 25,175 | 489 | |
* | Ashford Hospitality Trust Inc. | 25,115 | 388 |
Shares | Market Value• ($000) | ||
* | Fathom Holdings Inc. | 11,613 | 332 |
Clipper Realty Inc. | 27,858 | 235 | |
Phillips Edison & Co. Inc. | 3,473 | 104 | |
* | Bridge Investment Group Holdings Inc. Class A | 2,899 | 55 |
499,360 | |||
Technology (12.5%) | |||
* | Lattice Semiconductor Corp. | 312,418 | 19,407 |
* | Varonis Systems Inc. Class B | 243,830 | 16,827 |
* | Silicon Laboratories Inc. | 102,203 | 16,109 |
* | Synaptics Inc. | 81,232 | 15,416 |
* | Rapid7 Inc. | 126,452 | 15,366 |
* | II-VI Inc. | 240,787 | 15,165 |
Power Integrations Inc. | 138,976 | 15,098 | |
* | J2 Global Inc. | 100,035 | 13,775 |
* | Workiva Inc. Class A | 96,734 | 13,569 |
* | Blackline Inc. | 123,482 | 13,472 |
* | Asana Inc. Class A | 170,257 | 12,863 |
KBR Inc. | 325,430 | 12,672 | |
* | MicroStrategy Inc. Class A | 18,072 | 12,547 |
* | Novanta Inc. | 81,217 | 12,444 |
* | Sprout Social Inc. Class A | 101,704 | 12,367 |
* | Upwork Inc. | 268,501 | 12,005 |
* | Digital Turbine Inc. | 194,504 | 11,369 |
* | SPS Commerce Inc. | 83,062 | 11,257 |
* | Q2 Holdings Inc. | 125,864 | 11,087 |
* | Semtech Corp. | 148,856 | 10,408 |
* | Envestnet Inc. | 125,060 | 9,989 |
Kulicke & Soffa Industries Inc. | 140,964 | 9,894 | |
* | Sailpoint Technologies Holdings Inc. | 208,459 | 9,768 |
* | Diodes Inc. | 100,352 | 9,717 |
* | Appian Corp. Class A | 90,561 | 9,708 |
* | Mimecast Ltd. | 137,295 | 9,585 |
* | LivePerson Inc. | 147,522 | 9,456 |
* | Cerence Inc. | 87,114 | 9,447 |
* | Tenable Holdings Inc. | 208,909 | 9,269 |
* | Qualys Inc. | 78,491 | 9,213 |
* | Alarm.com Holdings Inc. | 108,862 | 9,180 |
* | Rogers Corp. | 43,074 | 9,149 |
* | Perficient Inc. | 74,898 | 8,929 |
CMC Materials Inc. | 67,262 | 8,920 | |
* | Fabrinet | 85,094 | 8,766 |
* | Box Inc. Class A | 339,002 | 8,739 |
* | 3D Systems Corp. | 279,515 | 8,508 |
* | Cloudera Inc. | 532,713 | 8,486 |
* | MaxLinear Inc. | 161,043 | 8,411 |
* | Ambarella Inc. | 80,458 | 8,333 |
* | Onto Innovation Inc. | 112,106 | 8,310 |
* | Cornerstone OnDemand Inc. | 144,975 | 8,307 |
* | Insight Enterprises Inc. | 80,403 | 8,273 |
Advanced Energy Industries Inc. | 88,584 | 7,989 | |
* | PagerDuty Inc. | 185,872 | 7,955 |
* | CommVault Systems Inc. | 97,189 | 7,869 |
* | Blackbaud Inc. | 111,409 | 7,764 |
* | Altair Engineering Inc. Class A | 104,494 | 7,732 |
* | LiveRamp Holdings Inc. | 149,871 | 7,344 |
* | Magnite Inc. | 241,815 | 7,017 |
* | FormFactor Inc. | 178,999 | 6,959 |
Shares | Market Value• ($000) | ||
* | MACOM Technology Solutions Holdings Inc. Class H | 112,085 | 6,805 |
Vishay Intertechnology Inc. | 306,773 | 6,740 | |
* | Verint Systems Inc. | 148,195 | 6,615 |
* | Cargurus Inc. | 213,859 | 6,497 |
Amkor Technology Inc. | 234,960 | 6,454 | |
* | BigCommerce Holdings Inc. Series 1 | 108,183 | 6,441 |
* | Yelp Inc. Class A | 166,842 | 6,425 |
* | Sitime Corp. | 29,628 | 6,306 |
* | Schrodinger Inc. | 104,321 | 6,227 |
Shutterstock Inc. | 53,872 | 6,209 | |
* | Rambus Inc. | 257,928 | 6,139 |
* | Plexus Corp. | 65,171 | 5,985 |
* | Sanmina Corp. | 147,745 | 5,833 |
* | Momentive Global Inc. | 294,984 | 5,785 |
* | Domo Inc. Class B | 63,455 | 5,679 |
* | Bandwidth Inc. Class A | 52,584 | 5,411 |
* | Covetrus Inc. | 238,303 | 5,383 |
*,1 | MicroVision Inc. | 364,531 | 5,370 |
Xperi Holding Corp. | 241,674 | 5,165 | |
* | Appfolio Inc. Class A | 43,141 | 5,095 |
* | TechTarget Inc. | 58,744 | 4,969 |
* | Allscripts Healthcare Solutions Inc. | 322,039 | 4,947 |
Progress Software Corp. | 101,214 | 4,713 | |
* | Ultra Clean Holdings Inc. | 100,158 | 4,631 |
* | JFrog Ltd. | 118,857 | 4,569 |
* | NetScout Systems Inc. | 161,463 | 4,427 |
* | Bottomline Technologies DE Inc. | 101,940 | 4,309 |
* | Zuora Inc. Class A | 241,707 | 4,104 |
Methode Electronics Inc. | 87,864 | 4,092 | |
* | PROS Holdings Inc. | 92,092 | 3,982 |
* | Cohu Inc. | 110,357 | 3,938 |
* | Sumo Logic Inc. | 187,991 | 3,920 |
* | Avaya Holdings Corp. | 190,208 | 3,837 |
* | Axcelis Technologies Inc. | 76,695 | 3,813 |
* | PAR Technology Corp. | 54,638 | 3,712 |
* | Unisys Corp. | 151,226 | 3,661 |
* | Super Micro Computer Inc. | 99,512 | 3,636 |
CSG Systems International Inc. | 74,868 | 3,609 | |
* | Yext Inc. | 255,885 | 3,460 |
* | TTM Technologies Inc. | 246,916 | 3,457 |
* | ePlus Inc. | 30,628 | 3,315 |
* | Eventbrite Inc. Class A | 173,219 | 3,063 |
* | Ichor Holdings Ltd. | 64,028 | 2,837 |
* | Model N Inc. | 80,133 | 2,717 |
* | nLight Inc. | 97,981 | 2,705 |
* | Veeco Instruments Inc. | 114,305 | 2,605 |
* | Ping Identity Holding Corp. | 100,383 | 2,605 |
CTS Corp. | 73,605 | 2,582 | |
* | Upland Software Inc. | 65,916 | 2,569 |
* | Impinj Inc. | 43,108 | 2,513 |
* | CEVA Inc. | 51,974 | 2,508 |
* | Agilysys Inc. | 43,912 | 2,496 |
QAD Inc. Class A | 27,439 | 2,387 | |
Benchmark Electronics Inc. | 82,061 | 2,218 | |
* | Mitek Systems Inc. | 96,951 | 2,169 |
* | Avid Technology Inc. | 83,358 | 2,151 |
* | Photronics Inc. | 142,446 | 2,147 |
Shares | Market Value• ($000) | ||
* | Parsons Corp. | 60,415 | 2,141 |
* | ScanSource Inc. | 58,100 | 2,067 |
Sapiens International Corp. NV | 71,078 | 2,029 | |
* | A10 Networks Inc. | 137,832 | 1,915 |
* | Grid Dynamics Holdings Inc. | 70,630 | 1,891 |
* | DigitalOcean Holdings Inc. | 29,645 | 1,829 |
American Software Inc. Class A | 71,032 | 1,802 | |
* | Diebold Nixdorf Inc. | 165,337 | 1,799 |
Ebix Inc. | 60,867 | 1,752 | |
* | Rackspace Technology Inc. | 123,890 | 1,731 |
* | ChannelAdvisor Corp. | 67,487 | 1,729 |
*,1 | Tucows Inc. Class A | 21,717 | 1,609 |
* | SMART Global Holdings Inc. | 32,625 | 1,581 |
* | GAN Ltd. | 92,197 | 1,577 |
Simulations Plus Inc. | 35,220 | 1,560 | |
* | OneSpan Inc. | 80,757 | 1,556 |
* | PDF Solutions Inc. | 68,204 | 1,536 |
* | Alpha & Omega Semiconductor Ltd. | 48,362 | 1,405 |
* | Veritone Inc. | 65,333 | 1,364 |
* | Kimball Electronics Inc. | 55,754 | 1,348 |
* | Groupon Inc. Class A | 53,800 | 1,333 |
* | Telos Corp. | 39,507 | 1,304 |
PC Connection Inc. | 25,675 | 1,243 | |
*,1 | Atomera Inc. | 46,783 | 1,154 |
*,1 | E2open Parent Holdings Inc. | 95,851 | 1,144 |
* | DSP Group Inc. | 51,595 | 1,130 |
Hackett Group Inc. | 57,103 | 1,119 | |
* | NeoPhotonics Corp. | 115,881 | 1,082 |
* | Mediaalpha Inc. Class A | 47,581 | 1,055 |
* | Brightcove Inc. | 92,345 | 1,049 |
* | Kopin Corp. | 177,994 | 1,047 |
*,1 | Cleanspark Inc. | 75,097 | 1,036 |
* | Rimini Street Inc. | 100,788 | 963 |
* | Zix Corp. | 122,737 | 950 |
* | TrueCar Inc. | 225,670 | 948 |
* | AXT Inc. | 91,791 | 855 |
* | EverQuote Inc. Class A | 43,210 | 851 |
* | Digimarc Corp. | 29,084 | 850 |
* | Identiv Inc. | 47,494 | 844 |
* | Quantum Corp. | 128,242 | 800 |
NVE Corp. | 11,085 | 778 | |
* | Limelight Networks Inc. | 286,925 | 775 |
* | Porch Group Inc. | 36,365 | 727 |
* | Benefitfocus Inc. | 57,216 | 691 |
* | Intelligent Systems Corp. | 17,058 | 658 |
* | VirnetX Holding Corp. | 145,755 | 654 |
* | EMCORE Corp. | 83,824 | 627 |
* | comScore Inc. | 157,014 | 609 |
* | SkyWater Technology Inc. | 18,030 | 602 |
*,1 | Ouster Inc. | 66,545 | 559 |
* | Aeva Technologies Inc. | 57,021 | 559 |
* | eGain Corp. | 47,048 | 554 |
* | GTY Technologies Holdings Inc. | 73,987 | 546 |
* | Daktronics Inc. | 84,207 | 513 |
* | Smith Micro Software Inc. | 102,010 | 509 |
* | ON24 Inc. | 20,672 | 467 |
* | SecureWorks Corp. Class A | 22,205 | 454 |
Shares | Market Value• ($000) | ||
* | Alkami Technology Inc. | 15,826 | 452 |
* | Viant Technology Inc. Class A | 24,532 | 337 |
* | SentinelOne Inc. Class A | 2,249 | 144 |
* | Clear Secure Inc. Class A | 2,247 | 104 |
* | Intapp Inc. | 2,000 | 73 |
* | Sprinklr Inc. Class A | 4,067 | 64 |
* | Couchbase Inc. | 1,234 | 62 |
* | MeridianLink Inc. | 2,445 | 61 |
* | Confluent Inc. Class A | 912 | 51 |
* | Zeta Global Holdings Corp. Class A | 4,986 | 34 |
* | 1stdibs.com Inc. | 1,574 | 26 |
* | Paycor HCM Inc. | 466 | 17 |
* | Xometry Inc. Class A | 226 | 16 |
* | EverCommerce Inc. | 678 | 15 |
* | Procore Technologies Inc. | 93 | 8 |
* | Blend Labs Inc. Class A | 466 | 8 |
854,878 | |||
Telecommunications (1.9%) | |||
* | Iridium Communications Inc. | 275,132 | 12,246 |
* | fuboTV Inc. | 302,752 | 8,825 |
* | Viavi Solutions Inc. | 526,036 | 8,569 |
* | Vonage Holdings Corp. | 556,450 | 7,846 |
Cogent Communications Holdings Inc. | 98,157 | 7,124 | |
* | 8x8 Inc. | 245,112 | 5,920 |
* | Calix Inc. | 125,765 | 5,861 |
* | Liberty Latin America Ltd. Class C | 357,153 | 5,139 |
InterDigital Inc. | 71,239 | 5,137 | |
Telephone and Data Systems Inc. | 232,654 | 4,728 | |
* | Vocera Communications Inc. | 78,645 | 3,814 |
* | Infinera Corp. | 409,787 | 3,471 |
Shenandoah Telecommunications Co. | 111,228 | 3,318 | |
* | Extreme Networks Inc. | 284,308 | 3,079 |
* | Globalstar Inc. | 1,397,762 | 2,782 |
* | EchoStar Corp. Class A | 95,234 | 2,571 |
* | WideOpenWest Inc. | 120,288 | 2,553 |
* | NETGEAR Inc. | 69,216 | 2,473 |
* | Plantronics Inc. | 78,554 | 2,339 |
ADTRAN Inc. | 110,649 | 2,286 | |
* | IDT Corp. Class B | 46,165 | 2,007 |
* | ORBCOMM Inc. | 171,137 | 1,966 |
* | Harmonic Inc. | 206,608 | 1,909 |
* | Gogo Inc. | 135,945 | 1,829 |
* | Cincinnati Bell Inc. | 115,988 | 1,797 |
* | Digi International Inc. | 77,529 | 1,704 |
* | Inseego Corp. | 191,786 | 1,611 |
* | Consolidated Communications Holdings Inc. | 167,349 | 1,551 |
* | Anterix Inc. | 25,754 | 1,520 |
Comtech Telecommunications Corp. | 58,717 | 1,499 | |
* | Liberty Latin America Ltd. Class A | 97,419 | 1,389 |
Loral Space & Communications Inc. | 29,545 | 1,241 | |
* | Clearfield Inc. | 26,260 | 1,190 |
ATN International Inc. | 25,728 | 1,173 |
Shares | Market Value• ($000) | ||
* | U.S. Cellular Corp. | 35,207 | 1,125 |
* | Ribbon Communications Inc. | 162,477 | 1,061 |
* | Akoustis Technologies Inc. | 99,637 | 988 |
* | Ooma Inc. | 50,030 | 951 |
* | CalAmp Corp. | 80,143 | 909 |
* | Aviat Networks Inc. | 22,431 | 795 |
* | Cambium Networks Corp. | 20,852 | 781 |
* | DZS Inc. | 38,622 | 533 |
* | Casa Systems Inc. | 71,965 | 507 |
* | Hemisphere Media Group Inc. Class A | 36,480 | 449 |
* | KVH Industries Inc. | 34,936 | 369 |
* | Kaltura Inc. | 6,213 | 70 |
131,005 | |||
Utilities (2.9%) | |||
Portland General Electric Co. | 207,227 | 10,641 | |
* | Evoqua Water Technologies Corp. | 266,358 | 10,367 |
Black Hills Corp. | 145,142 | 10,208 | |
PNM Resources Inc. | 196,888 | 9,746 | |
Southwest Gas Holdings Inc. | 133,625 | 9,395 | |
ONE Gas Inc. | 121,328 | 8,714 | |
* | Casella Waste Systems Inc. Class A | 113,249 | 8,379 |
New Jersey Resources Corp. | 222,425 | 8,305 | |
ALLETE Inc. | 120,871 | 8,149 | |
American States Water Co. | 84,904 | 7,829 | |
Spire Inc. | 116,676 | 7,782 | |
NorthWestern Corp. | 116,957 | 7,438 | |
California Water Service Group | 116,931 | 7,431 | |
Ormat Technologies Inc. (XNYS) | 104,345 | 7,422 | |
* | Sunnova Energy International Inc. | 198,181 | 7,174 |
MGE Energy Inc. | 83,834 | 6,752 | |
Avista Corp. | 159,674 | 6,682 | |
Clearway Energy Inc. Class C | 188,455 | 5,916 | |
South Jersey Industries Inc. | 237,225 | 5,886 | |
Covanta Holding Corp. | 275,713 | 5,528 | |
1 | Brookfield Infrastructure Corp. Class A | 84,295 | 5,361 |
Chesapeake Utilities Corp. | 39,663 | 5,184 | |
SJW Group | 63,775 | 4,422 | |
Middlesex Water Co. | 39,805 | 4,355 | |
Northwest Natural Holding Co. | 70,350 | 3,620 | |
* | Harsco Corp. | 180,395 | 3,290 |
* | U.S. Ecology Inc. | 72,752 | 2,608 |
Clearway Energy Inc. Class A | 80,620 | 2,398 | |
Unitil Corp. | 34,175 | 1,695 | |
York Water Co. | 29,895 | 1,542 |
Shares | Market Value• ($000) | ||
* | Heritage-Crystal Clean Inc. | 35,859 | 1,059 |
Artesian Resources Corp. Class A | 18,577 | 732 | |
* | Pure Cycle Corp. | 44,272 | 662 |
* | Cadiz Inc. | 45,524 | 612 |
Global Water Resources Inc. | 29,161 | 583 | |
Via Renewables Inc. Class A | 27,384 | 307 | |
* | Sharps Compliance Corp. | 32,501 | 292 |
198,466 | |||
Total Common Stocks (Cost $6,194,310) | 6,838,731 | ||
Face Amount ($000) | |||
Corporate Bonds (0.0%) | |||
GAMCO Investors Inc. 4.000%, 10/30/21 (Cost $22) | 22 | 22 | |
Shares | |||
Temporary Cash Investments (2.5%) | |||
Money Market Fund (2.5%) | |||
5,6 | Vanguard Market Liquidity Fund, 0.068% (Cost $174,037) | 1,740,495 | 174,049 |
Total Investments (102.5%) (Cost $6,368,369) | 7,012,802 | ||
Other Assets and Liabilities—Net (-2.5%) | (170,473) | ||
Net Assets (100%) | 6,842,329 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $134,603,000. |
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 August 31, 2021, the aggregate value was $9,631,000, 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 $138,908,000 was received for securities on loan. |
CVR—Contingent Value Rights. | |
REIT—Real Estate Investment Trust. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini Russell 2000 Index | September 2021 | 180 | 20,441 | 209 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $6,194,332) | 6,838,753 |
Affiliated Issuers (Cost $174,037) | 174,049 |
Total Investments in Securities | 7,012,802 |
Investment in Vanguard | 219 |
Cash Collateral Pledged—Futures Contracts | 2,633 |
Receivables for Accrued Income | 3,966 |
Receivables for Capital Shares Issued | 35 |
Variation Margin Receivable—Futures Contracts | 101 |
Total Assets | 7,019,756 |
Liabilities | |
Due to Custodian | 1,009 |
Payables for Investment Securities Purchased | 37,133 |
Collateral for Securities on Loan | 138,908 |
Payables for Capital Shares Redeemed | 92 |
Payables to Vanguard | 285 |
Total Liabilities | 177,427 |
Net Assets | 6,842,329 |
At August 31, 2021, net assets consisted of: | |
Paid-in Capital | 6,514,418 |
Total Distributable Earnings (Loss) | 327,911 |
Net Assets | 6,842,329 |
ETF Shares—Net Assets | |
Applicable to 68,175,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 6,223,118 |
Net Asset Value Per Share—ETF Shares | $91.28 |
Institutional Shares—Net Assets | |
Applicable to 1,772,905 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 619,211 |
Net Asset Value Per Share—Institutional Shares | $349.26 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends | 50,267 |
Interest1 | 8 |
Securities Lending—Net | 3,026 |
Total Income | 53,301 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 711 |
Management and Administrative—ETF Shares | 2,344 |
Management and Administrative—Institutional Shares | 270 |
Marketing and Distribution—ETF Shares | 166 |
Marketing and Distribution—Institutional Shares | 18 |
Custodian Fees | 974 |
Auditing Fees | 29 |
Shareholders’ Reports—ETF Shares | 79 |
Shareholders’ Reports—Institutional Shares | 6 |
Trustees’ Fees and Expenses | 2 |
Total Expenses | 4,599 |
Net Investment Income | 48,702 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 723,810 |
Futures Contracts | 4,031 |
Realized Net Gain (Loss) | 727,841 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 639,143 |
Futures Contracts | 14 |
Change in Unrealized Appreciation (Depreciation) | 639,157 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,415,700 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $8,000,$0, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $741,739,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 48,702 | 30,392 |
Realized Net Gain (Loss) | 727,841 | 114,633 |
Change in Unrealized Appreciation (Depreciation) | 639,157 | 41,369 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,415,700 | 186,394 |
Distributions | ||
ETF Shares | (36,436) | (21,019) |
Institutional Shares | (7,027) | (9,718) |
Total Distributions | (43,463) | (30,737) |
Capital Share Transactions | ||
ETF Shares | 3,304,505 | 232,606 |
Institutional Shares | (267,012) | (278,614) |
Net Increase (Decrease) from Capital Share Transactions | 3,037,493 | (46,008) |
Total Increase (Decrease) | 4,409,730 | 109,649 |
Net Assets | ||
Beginning of Period | 2,432,599 | 2,322,950 |
End of Period | 6,842,329 | 2,432,599 |
ETF Shares | |||||
For a Share Outstanding1 Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $62.69 | $59.88 | $69.56 | $56.11 | $49.49 |
Investment Operations | |||||
Net Investment Income2 | .865 | .810 | .797 | .777 | .722 |
Net Realized and Unrealized Gain (Loss) on Investments | 28.550 | 2.815 | (9.704) | 13.423 | 6.632 |
Total from Investment Operations | 29.415 | 3.625 | (8.907) | 14.200 | 7.354 |
Distributions | |||||
Dividends from Net Investment Income | (.825) | (.815) | (.773) | (.750) | (.734) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.825) | (.815) | (.773) | (.750) | (.734) |
Net Asset Value, End of Period | $91.28 | $62.69 | $59.88 | $69.56 | $56.11 |
Total Return | 47.15% | 6.12% | -12.83% | 25.49% | 14.94% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $6,223 | $1,802 | $1,464 | $1,715 | $1,083 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.15% | 0.15% |
Ratio of Net Investment Income to Average Net Assets | 1.02% | 1.37% | 1.30% | 1.23% | 1.34% |
Portfolio Turnover Rate3 | 23% | 19% | 16% | 19% | 23% |
1 | Adjusted to reflect a 2-for-1 share split effective at the beginning of trading on April 20, 2021. |
2 | Calculated based on average shares outstanding. |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $239.84 | $229.03 | $266.12 | $214.65 | $189.31 |
Investment Operations | |||||
Net Investment Income1 | 3.360 | 3.208 | 3.078 | 3.129 | 2.956 |
Net Realized and Unrealized Gain (Loss) on Investments | 109.242 | 10.710 | (37.106) | 51.369 | 25.315 |
Total from Investment Operations | 112.602 | 13.918 | (34.028) | 54.498 | 28.271 |
Distributions | |||||
Dividends from Net Investment Income | (3.182) | (3.108) | (3.062) | (3.028) | (2.931) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (3.182) | (3.108) | (3.062) | (3.028) | (2.931) |
Net Asset Value, End of Period | $349.26 | $239.84 | $229.03 | $266.12 | $214.65 |
Total Return | 47.19% | 6.15% | -12.83% | 25.58% | 15.03% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $619 | $630 | $859 | $982 | $576 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.08% | 1.41% | 1.32% | 1.30% | 1.41% |
Portfolio Turnover Rate2 | 23% | 19% | 16% | 19% | 23% |
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 | 6,838,657 | — | 74 | 6,838,731 |
Corporate Bonds | — | 22 | — | 22 |
Temporary Cash Investments | 174,049 | — | — | 174,049 |
Total | 7,012,706 | 22 | 74 | 7,012,802 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 209 | — | — | 209 |
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. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for in-kind redemptions and passive foreign investment companies were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 740,547 |
Total Distributable Earnings (Loss) | (740,547) |
Amount ($000) | |
Undistributed Ordinary Income | 19,475 |
Undistributed Long-Term Gains | — |
Capital Loss Carryforwards | (327,387) |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 635,823 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 43,463 | 30,737 |
Long-Term Capital Gains | — | — |
Total | 43,463 | 30,737 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 6,376,979 |
Gross Unrealized Appreciation | 1,134,975 |
Gross Unrealized Depreciation | (499,152) |
Net Unrealized Appreciation (Depreciation) | 635,823 |
E. | During the year ended August 31, 2021, the fund purchased $5,944,868,000 of investment securities and sold $2,889,357,000 of investment securities, other than temporary cash investments. Purchases and sales include $4,890,465,000 and $1,702,614,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | During the year ended August 31, 2021, the fund’s ETF Shares underwent a 2-for-1 share split. Each shareholder of record as of the close of business on April 19, 2021, received 2 shares for every 1 ETF Share held on that date. The split had no effect on net assets or total return. Capital share transactions for each class of shares were: |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares1 | |||||
Issued | 5,016,365 | 59,050 | 1,228,574 | 22,100 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,711,860) | (19,625) | (995,968) | (17,800) | |
Net Increase (Decrease)—ETF Shares | 3,304,505 | 39,425 | 232,606 | 4,300 | |
Institutional Shares | |||||
Issued | 87,649 | 270 | 133,855 | 621 | |
Issued in Lieu of Cash Distributions | 6,712 | 23 | 9,407 | 41 | |
Redeemed | (361,373) | (1,148) | (421,876) | (1,785) | |
Net Increase (Decrease)—Institutional Shares | (267,012) | (855) | (278,614) | (1,123) |
1 | Shares adjusted to reflect a 2-for-1 share split effective at the beginning of trading on April 20, 2021. |
G. | Management has determined that no events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Year | Ten Years | Final Value of a $10,000 Investment | ||
Russell 2000 Value Index Fund ETF Shares Net Asset Value | 59.34% | 11.62% | 12.02% | $31,126 | |
Russell 2000 Value Index Fund ETF Shares Market Price | 59.10 | 11.60 | 12.03 | 31,150 | |
Russell 2000 Value Index | 59.49 | 11.66 | 12.14 | 31,458 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.16 | 44,721 |
One Year | Five Years | Since Inception (7/13/2012) | Final Value of a $5,000,000 Investment | ||
Russell 2000 Value Index Fund Institutional Shares | 59.46% | 11.72% | 11.94% | $14,003,460 | |
Russell 2000 Value Index | 59.49 | 11.66 | 11.92 | 13,985,589 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.27 | 19,813,035 |
One Year | Five Years | Ten Years | |
Russell 2000 Value Index Fund ETF Shares Market Price | 59.10% | 73.08% | 211.50% |
Russell 2000 Value Index Fund ETF Shares Net Asset Value | 59.34 | 73.27 | 211.26 |
Russell 2000 Value Index | 59.49 | 73.54 | 214.58 |
Basic Materials | 4.4% |
Consumer Discretionary | 13.3 |
Consumer Staples | 2.6 |
Energy | 6.1 |
Financials | 25.6 |
Health Care | 10.9 |
Industrials | 14.7 |
Real Estate | 11.8 |
Technology | 4.3 |
Telecommunications | 1.5 |
Utilities | 4.8 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (100.0%) | |||
Basic Materials (4.4%) | |||
* | RBC Bearings Inc. | 18,109 | 4,193 |
Avient Corp. | 69,623 | 3,627 | |
Commercial Metals Co. | 102,417 | 3,341 | |
* | Arconic Corp. | 94,245 | 3,250 |
* | Domtar Corp. | 42,705 | 2,342 |
Minerals Technologies Inc. | 28,708 | 2,258 | |
* | Constellium SE Class A | 104,957 | 2,122 |
Tronox Holdings plc Class A | 97,938 | 2,069 | |
Hecla Mining Co. | 319,894 | 1,967 | |
Stepan Co. | 16,735 | 1,967 | |
* | Amyris Inc. | 127,061 | 1,912 |
Worthington Industries Inc. | 29,614 | 1,716 | |
Boise Cascade Co. | 26,493 | 1,533 | |
Sensient Technologies Corp. | 17,368 | 1,508 | |
Kaiser Aluminum Corp. | 11,886 | 1,501 | |
Carpenter Technology Corp. | 40,748 | 1,359 | |
Innospec Inc. | 14,511 | 1,358 | |
Mueller Industries Inc. | 29,293 | 1,307 | |
* | Kraton Corp. | 26,915 | 1,134 |
Schweitzer-Mauduit International Inc. | 26,936 | 1,031 | |
* | GCP Applied Technologies Inc. | 41,808 | 997 |
Schnitzer Steel Industries Inc. Class A | 20,433 | 967 | |
* | AdvanSix Inc. | 23,226 | 848 |
Materion Corp. | 10,583 | 773 | |
Neenah Inc. | 14,330 | 722 | |
Glatfelter Corp. | 37,232 | 588 | |
* | Koppers Holdings Inc. | 17,654 | 581 |
Ecovyst Inc. | 43,667 | 568 | |
* | U.S. Silica Holdings Inc. | 62,452 | 548 |
* | Century Aluminum Co. | 41,272 | 529 |
* | TimkenSteel Corp. | 38,653 | 529 |
Verso Corp. Class A | 25,490 | 486 | |
* | Coeur Mining Inc. | 65,533 | 462 |
* | Clearwater Paper Corp. | 14,018 | 455 |
Haynes International Inc. | 10,630 | 417 | |
* | Rayonier Advanced Materials Inc. | 52,533 | 371 |
UFP Industries Inc. | 4,916 | 369 | |
* | Alto Ingredients Inc. | 60,790 | 309 |
American Vanguard Corp. | 19,004 | 291 | |
* | Unifi Inc. | 11,271 | 262 |
* | Intrepid Potash Inc. | 8,457 | 262 |
Olympic Steel Inc. | 7,970 | 217 | |
* | Northwest Pipe Co. | 8,224 | 213 |
Shares | Market Value• ($000) | ||
Hawkins Inc. | 5,489 | 208 | |
* | NN Inc. | 36,339 | 198 |
GrafTech International Ltd. | 16,689 | 185 | |
FutureFuel Corp. | 21,981 | 176 | |
* | Zymergen Inc. | 12,799 | 168 |
Ryerson Holding Corp. | 5,128 | 119 | |
* | Energy Fuels Inc. | 17,920 | 97 |
* | Gatos Silver Inc. | 4,703 | 67 |
Tredegar Corp. | 4,195 | 56 | |
* | Polymet Mining Corp. | 16,270 | 55 |
Valhi Inc. | 2,050 | 49 | |
* | Ur-Energy Inc. | 17,100 | 22 |
54,659 | |||
Consumer Discretionary (13.3%) | |||
*,1 | AMC Entertainment Holdings Inc. Class A | 347,552 | 16,380 |
* | Macy's Inc. | 268,264 | 6,006 |
* | Avis Budget Group Inc. | 43,689 | 3,965 |
* | Goodyear Tire & Rubber Co. | 235,956 | 3,738 |
* | Meritage Homes Corp. | 30,136 | 3,361 |
TEGNA Inc. | 189,218 | 3,353 | |
* | Callaway Golf Co. | 98,997 | 2,778 |
* | Adient plc | 70,601 | 2,777 |
KB Home | 62,827 | 2,703 | |
Herman Miller Inc. | 63,645 | 2,675 | |
* | Taylor Morrison Home Corp. Class A | 94,356 | 2,650 |
Group 1 Automotive Inc. | 15,023 | 2,485 | |
* | Academy Sports & Outdoors Inc. | 52,888 | 2,341 |
* | Bed Bath & Beyond Inc. | 83,281 | 2,294 |
PROG Holdings Inc. | 48,280 | 2,285 | |
* | Tri Pointe Homes Inc. | 92,873 | 2,208 |
John Wiley & Sons Inc. Class A | 36,962 | 2,148 | |
* | Spirit Airlines Inc. | 84,208 | 2,066 |
Graham Holdings Co. Class B | 3,311 | 2,042 | |
* | Vista Outdoor Inc. | 49,999 | 2,042 |
* | SkyWest Inc. | 42,461 | 1,981 |
* | ODP Corp. | 41,854 | 1,974 |
MDC Holdings Inc. | 35,656 | 1,863 | |
Jack in the Box Inc. | 17,024 | 1,804 | |
* | KAR Auction Services Inc. | 106,513 | 1,801 |
* | Abercrombie & Fitch Co. Class A | 48,108 | 1,720 |
* | BJ's Wholesale Club Holdings Inc. | 29,494 | 1,671 |
Gray Television Inc. | 73,337 | 1,668 |
Shares | Market Value• ($000) | ||
* | Madison Square Garden Entertainment Corp. | 20,525 | 1,646 |
Strategic Education Inc. | 20,903 | 1,636 | |
Rush Enterprises Inc. Class A | 36,721 | 1,619 | |
* | Stamps.com Inc. | 4,888 | 1,608 |
* | M/I Homes Inc. | 24,487 | 1,577 |
PriceSmart Inc. | 18,635 | 1,577 | |
* | Adtalem Global Education Inc. | 42,116 | 1,558 |
* | Knowles Corp. | 76,200 | 1,524 |
Big Lots Inc. | 29,752 | 1,448 | |
* | Laureate Education Inc. Class A | 90,637 | 1,444 |
La-Z-Boy Inc. | 39,090 | 1,369 | |
Dana Inc. | 57,659 | 1,341 | |
* | iHeartMedia Inc. Class A | 51,859 | 1,290 |
HNI Corp. | 33,182 | 1,257 | |
* | G-III Apparel Group Ltd. | 37,549 | 1,161 |
* | Lions Gate Entertainment Corp. Class B | 98,743 | 1,161 |
Oxford Industries Inc. | 12,724 | 1,149 | |
* | Stride Inc. | 32,431 | 1,110 |
Steelcase Inc. Class A | 75,363 | 1,062 | |
Dillard's Inc. Class A | 5,395 | 1,028 | |
Acushnet Holdings Corp. | 20,411 | 1,020 | |
* | Tupperware Brands Corp. | 42,188 | 1,007 |
Sinclair Broadcast Group Inc. Class A | 33,168 | 995 | |
Matthews International Corp. Class A | 26,649 | 987 | |
* | SeaWorld Entertainment Inc. | 19,670 | 968 |
* | Sleep Number Corp. | 10,449 | 967 |
* | Clean Energy Fuels Corp. | 118,638 | 941 |
Sonic Automotive Inc. Class A | 18,584 | 939 | |
EW Scripps Co. Class A | 48,671 | 902 | |
* | Hawaiian Holdings Inc. | 43,065 | 871 |
* | Central Garden & Pet Co. Class A | 20,217 | 842 |
Scholastic Corp. | 24,683 | 820 | |
Signet Jewelers Ltd. | 9,807 | 777 | |
* | Genesco Inc. | 12,463 | 773 |
Aaron's Co. Inc. | 28,886 | 766 | |
Standard Motor Products Inc. | 17,754 | 761 | |
* | Gannett Co. Inc. | 119,584 | 759 |
* | Zumiez Inc. | 18,564 | 746 |
* | Clear Channel Outdoor Holdings Inc. | 282,200 | 742 |
* | Dave & Buster's Entertainment Inc. | 19,800 | 741 |
Franchise Group Inc. | 20,788 | 722 | |
Guess? Inc. | 29,797 | 721 | |
* | WW International Inc. | 31,097 | 673 |
* | Perdoceo Education Corp. | ��59,843 | 657 |
* | Revolve Group Inc. | 11,323 | 651 |
* | Lions Gate Entertainment Corp. Class A | 49,805 | 643 |
* | Cars.com Inc. | 50,493 | 642 |
Century Communities Inc. | 9,039 | 634 | |
Monro Inc. | 10,844 | 617 | |
* | Imax Corp. | 38,249 | 601 |
* | Cavco Industries Inc. | 2,306 | 589 |
* | AMC Networks Inc. Class A | 12,120 | 576 |
* | Universal Electronics Inc. | 11,336 | 573 |
*,1 | Lordstown Motors Corp. Class A | 86,722 | 571 |
* | Urban Outfitters Inc. | 17,275 | 570 |
Interface Inc. Class A | 38,447 | 553 |
Shares | Market Value• ($000) | ||
* | Meredith Corp. | 12,513 | 538 |
* | Fossil Group Inc. | 40,099 | 537 |
Carriage Services Inc. Class A | 11,495 | 531 | |
* | Boston Omaha Corp. Class A | 14,805 | 529 |
* | Lumber Liquidators Holdings Inc. | 24,475 | 511 |
1 | Big 5 Sporting Goods Corp. | 17,704 | 492 |
Movado Group Inc. | 13,355 | 483 | |
* | Hovnanian Enterprises Inc. Class A | 4,347 | 473 |
* | Green Brick Partners Inc. | 18,717 | 468 |
* | Beazer Homes USA Inc. | 24,897 | 466 |
Ethan Allen Interiors Inc. | 19,163 | 460 | |
* | TravelCenters of America Inc. | 10,612 | 445 |
* | Stoneridge Inc. | 18,791 | 438 |
* | MarineMax Inc. | 8,810 | 428 |
* | American Axle & Manufacturing Holdings Inc. | 48,143 | 427 |
* | Lands' End Inc. | 12,319 | 417 |
* | American Public Education Inc. | 15,819 | 416 |
* | Chico's FAS Inc. | 80,408 | 416 |
Winmark Corp. | 1,919 | 402 | |
*,1 | Genius Brands International Inc. | 239,982 | 401 |
* | Coursera Inc. | 10,245 | 394 |
Kimball International Inc. Class B | 30,717 | 383 | |
* | Conn's Inc. | 15,183 | 374 |
A-Mark Precious Metals Inc. | 7,415 | 360 | |
* | Entercom Communications Corp. Class A | 100,238 | 356 |
Entravision Communications Corp. Class A | 50,427 | 351 | |
* | 2U Inc. | 9,458 | 350 |
* | Daily Journal Corp. | 1,027 | 349 |
* | Stagwell Inc. | 48,503 | 339 |
* | Cooper-Standard Holdings Inc. | 14,300 | 333 |
* | American Outdoor Brands Inc. | 11,980 | 333 |
* | Motorcar Parts of America Inc. | 16,269 | 322 |
* | Shift Technologies Inc. | 42,286 | 315 |
* | Container Store Group Inc. | 27,030 | 314 |
* | Marcus Corp. | 19,393 | 303 |
Tilly's Inc. Class A | 19,285 | 300 | |
* | Bluegreen Vacations Holding Class A | 12,859 | 294 |
* | El Pollo Loco Holdings Inc. | 16,135 | 293 |
Hooker Furniture Corp. | 9,365 | 292 | |
Cato Corp. Class A | 16,832 | 291 | |
* | Chuy's Holdings Inc. | 9,017 | 291 |
Haverty Furniture Cos. Inc. | 8,050 | 287 | |
* | Cinemark Holdings Inc. | 15,793 | 282 |
* | Central Garden & Pet Co. | 6,095 | 281 |
Rocky Brands Inc. | 5,514 | 274 | |
* | Barnes & Noble Education Inc. | 32,679 | 267 |
*,1 | Canoo Inc. | 37,024 | 267 |
* | Vera Bradley Inc. | 22,507 | 258 |
* | OneSpaWorld Holdings Ltd. | 22,698 | 238 |
* | Mesa Air Group Inc. | 29,152 | 233 |
Rent-A-Center Inc. | 3,699 | 233 | |
*,1 | CuriosityStream Inc. | 18,221 | 228 |
Hibbett Inc. | 2,376 | 227 |
Shares | Market Value• ($000) | ||
Del Taco Restaurants Inc. | 25,353 | 223 | |
* | Eros STX Global Corp. | 269,989 | 216 |
* | Nautilus Inc. | 18,639 | 213 |
* | Denny's Corp. | 12,712 | 210 |
Rush Enterprises Inc. Class B | 4,909 | 208 | |
Flexsteel Industries Inc. | 5,657 | 198 | |
Johnson Outdoors Inc. Class A | 1,683 | 193 | |
Lifetime Brands Inc. | 10,533 | 193 | |
*,1 | XL Fleet Corp. | 28,377 | 193 |
Superior Group of Cos. Inc. | 7,675 | 183 | |
* | Fiesta Restaurant Group Inc. | 15,000 | 180 |
* | iRobot Corp. | 2,193 | 178 |
* | Chicken Soup For The Soul Entertainment Inc. | 7,173 | 174 |
* | Alta Equipment Group Inc. | 13,151 | 174 |
Bassett Furniture Industries Inc. | 7,921 | 170 | |
* | Hall of Fame Resort & Entertainment Co. | 46,742 | 157 |
*,1 | Fisker Inc. | 11,087 | 155 |
* | Lazydays Holdings Inc. | 6,246 | 153 |
* | CarLotz Inc. | 36,979 | 152 |
Escalade Inc. | 6,424 | 148 | |
* | Legacy Housing Corp. | 7,191 | 141 |
* | VOXX International Corp. Class A | 13,239 | 139 |
* | Monarch Casino & Resort Inc. | 2,080 | 132 |
Carrols Restaurant Group Inc. | 28,382 | 118 | |
National CineMedia Inc. | 45,770 | 117 | |
* | Biglari Holdings Inc. Class B | 632 | 111 |
* | America's Car-Mart Inc. | 804 | 104 |
* | Emerald Holding Inc. | 20,528 | 102 |
* | Drive Shack Inc. | 36,305 | 99 |
* | Fluent Inc. | 35,303 | 96 |
Global Industrial Co. | 2,466 | 95 | |
* | Houghton Mifflin Harcourt Co. | 6,595 | 89 |
Sturm Ruger & Co. Inc. | 1,037 | 81 | |
* | Tenneco Inc. Class A | 5,106 | 80 |
* | Stonemor Inc. | 27,369 | 79 |
* | Revlon Inc. Class A | 6,249 | 71 |
* | Turtle Beach Corp. | 2,330 | 66 |
Hamilton Beach Brands Holding Co. Class A | 3,851 | 65 | |
* | BJ's Restaurants Inc. | 1,413 | 60 |
NL Industries Inc. | 8,190 | 56 | |
Buckle Inc. | 1,371 | 53 | |
* | Liberty TripAdvisor Holdings Inc. Class A | 14,121 | 53 |
Shoe Carnival Inc. | 1,308 | 50 | |
* | Landsea Homes Corp. | 5,128 | 45 |
Nathan's Famous Inc. | 634 | 42 | |
CompX International Inc. | 1,610 | 37 | |
* | Romeo Power Inc. | 7,553 | 37 |
* | Thryv Holdings Inc. | 1,036 | 32 |
* | PowerSchool Holdings Inc. Class A | 920 | 32 |
* | Eastman Kodak Co. | 2,139 | 16 |
* | Traeger Inc. | 621 | 16 |
* | Figs Inc. Class A | 340 | 14 |
* | Regis Corp. | 2,185 | 12 |
* | Biglari Holdings Inc. Class A | 12 | 10 |
* | F45 Training Holdings Inc. | 657 | 9 |
* | Krispy Kreme Inc. | 538 | 9 |
* | Snap One Holdings Corp. | 402 | 8 |
Shares | Market Value• ($000) | ||
* | Mister Car Wash Inc. | 341 | 7 |
* | Digital Media Solutions Inc. Class A | 873 | 7 |
* | Xponential Fitness Inc. Class A | 667 | 7 |
* | Weber Inc. Class A | 352 | 6 |
* | European Wax Center Inc. Class A | 187 | 5 |
* | Integral Ad Science Holding Corp. | 178 | 4 |
* | Outbrain Inc. | 255 | 4 |
* | Instructure Holdings Inc. | 124 | 3 |
* | Torrid Holdings Inc. | 88 | 2 |
* | Duolingo Inc. | 12 | 2 |
165,045 | |||
Consumer Staples (2.6%) | |||
* | Simply Good Foods Co. | 68,342 | 2,434 |
Primo Water Corp. | 134,244 | 2,384 | |
Edgewell Personal Care Co. | 46,479 | 1,966 | |
* | Hostess Brands Inc. Class A | 112,144 | 1,790 |
* | TreeHouse Foods Inc. | 44,530 | 1,669 |
1 | B&G Foods Inc. | 54,865 | 1,666 |
* | United Natural Foods Inc. | 44,797 | 1,648 |
Vector Group Ltd. | 104,953 | 1,576 | |
* | Sprouts Farmers Market Inc. | 56,526 | 1,407 |
Core-Mark Holding Co. Inc. | 25,861 | 1,190 | |
Nu Skin Enterprises Inc. Class A | 23,406 | 1,185 | |
Cal-Maine Foods Inc. | 30,340 | 1,097 | |
Universal Corp. | 20,566 | 1,041 | |
Fresh Del Monte Produce Inc. | 28,527 | 938 | |
* | Rite Aid Corp. | 46,743 | 829 |
Ingles Markets Inc. Class A | 11,925 | 810 | |
Weis Markets Inc. | 13,990 | 797 | |
* | Chefs' Warehouse Inc. | 24,881 | 752 |
ACCO Brands Corp. | 79,214 | 742 | |
SpartanNash Co. | 30,452 | 655 | |
* | Mission Produce Inc. | 27,979 | 580 |
Sanderson Farms Inc. | 2,474 | 486 | |
Andersons Inc. | 15,919 | 484 | |
Tootsie Roll Industries Inc. | 13,239 | 419 | |
* | Whole Earth Brands Inc. | 31,780 | 398 |
* | BellRing Brands Inc. Class A | 11,580 | 391 |
Lancaster Colony Corp. | 1,970 | 349 | |
* | Seneca Foods Corp. Class A | 5,495 | 269 |
* | Landec Corp. | 22,250 | 241 |
John B Sanfilippo & Son Inc. | 2,565 | 218 | |
* | HF Foods Group Inc. | 30,432 | 179 |
Nature's Sunshine Products Inc. | 10,351 | 177 | |
Village Super Market Inc. Class A | 7,246 | 162 | |
Limoneira Co. | 9,650 | 159 | |
Oil-Dri Corp. of America | 4,390 | 157 | |
* | AquaBounty Technologies Inc. | 29,709 | 138 |
* | Veru Inc. | 15,257 | 136 |
MGP Ingredients Inc. | 1,965 | 128 | |
* | Duckhorn Portfolio Inc. | 5,686 | 122 |
Natural Grocers by Vitamin Cottage Inc. | 7,852 | 95 | |
* | NewAge Inc. | 49,898 | 88 |
* | Beauty Health Co. | 3,339 | 86 |
PetMed Express Inc. | 2,340 | 64 | |
* | Honest Co. Inc. | 6,113 | 62 |
* | Laird Superfood Inc. | 1,202 | 24 |
Shares | Market Value• ($000) | ||
* | Zevia PBC Class A | 330 | 5 |
32,193 | |||
Energy (6.1%) | |||
Ovintiv Inc. | 211,303 | 5,760 | |
Chesapeake Energy Corp. | 84,243 | 4,702 | |
PDC Energy Inc. | 84,932 | 3,546 | |
* | ChampionX Corp. | 141,780 | 3,308 |
Equitrans Midstream Corp. | 349,291 | 3,049 | |
* | Range Resources Corp. | 204,313 | 2,987 |
* | Antero Resources Corp. | 215,024 | 2,950 |
Murphy Oil Corp. | 125,370 | 2,665 | |
* | California Resources Corp. | 71,823 | 2,458 |
Helmerich & Payne Inc. | 89,984 | 2,422 | |
* | CNX Resources Corp. | 186,857 | 2,123 |
Arcosa Inc. | 41,373 | 2,103 | |
SM Energy Co. | 99,674 | 1,904 | |
* | Renewable Energy Group Inc. | 38,245 | 1,852 |
World Fuel Services Corp. | 53,398 | 1,728 | |
* | Array Technologies Inc. | 83,774 | 1,598 |
* | Whiting Petroleum Corp. | 33,734 | 1,584 |
* | Green Plains Inc. | 36,439 | 1,279 |
Patterson-UTI Energy Inc. | 160,120 | 1,243 | |
* | Oceaneering International Inc. | 84,780 | 1,043 |
* | Gevo Inc. | 166,650 | 1,038 |
Bonanza Creek Energy Inc. | 26,249 | 1,021 | |
* | Golar LNG Ltd. | 87,459 | 984 |
* | Delek U.S. Holdings Inc. | 55,987 | 958 |
* | Peabody Energy Corp. | 58,872 | 941 |
Warrior Met Coal Inc. | 39,396 | 882 | |
Archrock Inc. | 114,623 | 880 | |
* | PBF Energy Inc. Class A | 82,468 | 858 |
* | Arch Resources Inc. | 10,320 | 781 |
* | Dril-Quip Inc. | 30,300 | 736 |
* | NOW Inc. | 93,718 | 720 |
Brigham Minerals Inc. Class A | 37,082 | 709 | |
* | Centennial Resource Development Inc. Class A | 134,561 | 686 |
Northern Oil and Gas Inc. | 40,663 | 675 | |
* | CONSOL Energy Inc. | 29,326 | 669 |
* | ProPetro Holding Corp. | 72,592 | 562 |
* | MRC Global Inc. | 68,458 | 561 |
* | Nabors Industries Ltd. (XNYS) | 6,015 | 507 |
* | Liberty Oilfield Services Inc. Class A | 48,078 | 491 |
SunCoke Energy Inc. | 70,705 | 491 | |
* | NexTier Oilfield Solutions Inc. | 131,343 | 473 |
* | Comstock Resources Inc. | 77,795 | 460 |
* | Helix Energy Solutions Group Inc. | 121,620 | 457 |
* | Laredo Petroleum Inc. | 7,792 | 421 |
* | Tidewater Inc. | 34,533 | 397 |
* | FuelCell Energy Inc. | 63,321 | 395 |
* | REX American Resources Corp. | 4,514 | 383 |
* | Extraction Oil & Gas Inc. | 7,998 | 364 |
CVR Energy Inc. | 25,151 | 362 | |
* | Frank's International NV | 121,153 | 349 |
Berry Corp. | 57,284 | 344 | |
* | American Superconductor Corp. | 22,875 | 341 |
* | Talos Energy Inc. | 26,507 | 329 |
* | Oil States International Inc. | 51,492 | 302 |
* | SunPower Corp. | 13,942 | 300 |
Shares | Market Value• ($000) | ||
* | National Energy Services Reunited Corp. | 25,306 | 287 |
* | Penn Virginia Corp. | 13,092 | 271 |
* | Select Energy Services Inc. Class A | 50,201 | 269 |
* | W&T Offshore Inc. | 79,768 | 260 |
* | Matrix Service Co. | 22,161 | 250 |
* | Centrus Energy Corp. Class A | 8,036 | 232 |
Oasis Petroleum Inc. | 2,558 | 221 | |
*,1 | Aemetis Inc. | 19,733 | 219 |
* | RPC Inc. | 57,235 | 219 |
* | Newpark Resources Inc. | 75,848 | 199 |
* | Bristow Group Inc. | 5,493 | 173 |
* | FTS International Inc. Class A | 7,558 | 168 |
Altus Midstream Co. Class A | 2,541 | 166 | |
* | Callon Petroleum Co. | 4,544 | 155 |
Solaris Oilfield Infrastructure Inc. Class A | 19,371 | 144 | |
* | Earthstone Energy Inc. Class A | 16,889 | 140 |
* | Par Pacific Holdings Inc. | 5,616 | 93 |
* | TETRA Technologies Inc. | 23,985 | 78 |
1 | HighPeak Energy Inc. | 4,238 | 41 |
Riley Exploration Permian Inc. | 1,713 | 35 | |
* | Beam Global | 1,063 | 33 |
* | Advent Technologies Holdings Inc. | 3,526 | 26 |
Falcon Minerals Corp. | 5,731 | 25 | |
* | Nabors Industries Ltd. Warrants Exp. 6/11/26 | 2,380 | 14 |
74,849 | |||
Financials (25.6%) | |||
CIT Group Inc. | 84,676 | 4,693 | |
Valley National Bancorp | 341,772 | 4,457 | |
Essent Group Ltd. | 94,347 | 4,442 | |
Selective Insurance Group Inc. | 50,719 | 4,239 | |
South State Corp. | 60,484 | 4,148 | |
Blackstone Mortgage Trust Inc. Class A | 118,225 | 3,879 | |
Radian Group Inc. | 164,112 | 3,878 | |
United Bankshares Inc. | 106,564 | 3,871 | |
Glacier Bancorp Inc. | 71,418 | 3,804 | |
Navient Corp. | 150,263 | 3,488 | |
UMB Financial Corp. | 37,359 | 3,421 | |
Hancock Whitney Corp. | 73,855 | 3,394 | |
Community Bank System Inc. | 45,633 | 3,377 | |
BankUnited Inc. | 79,501 | 3,341 | |
*,1 | Marathon Digital Holdings Inc. | 76,607 | 3,109 |
Chimera Investment Corp. | 196,501 | 3,010 | |
Home BancShares Inc. | 130,017 | 2,880 | |
Ameris Bancorp | 56,848 | 2,799 | |
CNO Financial Group Inc. | 112,031 | 2,740 | |
FirstCash Inc. | 31,937 | 2,737 | |
Federated Hermes Inc. | 80,859 | 2,735 | |
Pacific Premier Bancorp Inc. | 67,941 | 2,715 | |
* | Enstar Group Ltd. | 11,739 | 2,708 |
Associated Banc-Corp. | 129,136 | 2,663 | |
Simmons First National Corp. Class A | 91,664 | 2,663 | |
Cathay General Bancorp | 65,421 | 2,602 | |
* | LendingClub Corp. | 82,449 | 2,561 |
BancorpSouth Bank | 87,018 | 2,552 |
Shares | Market Value• ($000) | ||
Walker & Dunlop Inc. | 22,452 | 2,493 | |
Atlantic Union Bankshares Corp. | 67,232 | 2,488 | |
* | Cannae Holdings Inc. | 74,649 | 2,383 |
* | Mr Cooper Group Inc. | 60,614 | 2,357 |
Old National Bancorp | 141,232 | 2,353 | |
First BanCorp. (XNYS) | 184,246 | 2,345 | |
American Equity Investment Life Holding Co. | 72,962 | 2,312 | |
Eastern Bankshares Inc. | 115,723 | 2,289 | |
Independent Bank Group Inc. | 32,119 | 2,262 | |
CVB Financial Corp. | 110,327 | 2,246 | |
United Community Banks Inc. | 74,297 | 2,242 | |
Columbia Banking System Inc. | 61,420 | 2,233 | |
Flagstar Bancorp Inc. | 44,562 | 2,204 | |
Piper Sandler Cos. | 15,158 | 2,166 | |
Independent Bank Corp. (XNGS) | 28,136 | 2,158 | |
Fulton Financial Corp. | 135,774 | 2,152 | |
* | Axos Financial Inc. | 44,089 | 2,137 |
Washington Federal Inc. | 61,734 | 2,056 | |
PennyMac Financial Services Inc. | 30,210 | 2,010 | |
Arbor Realty Trust Inc. | 109,119 | 1,995 | |
First Financial Bancorp | 82,164 | 1,932 | |
International Bancshares Corp. | 45,897 | 1,922 | |
First Merchants Corp. | 46,234 | 1,903 | |
WesBanco Inc. | 55,888 | 1,900 | |
Goosehead Insurance Inc. Class A | 12,777 | 1,875 | |
Apollo Commercial Real Estate Finance Inc. | 120,144 | 1,868 | |
Hilltop Holdings Inc. | 55,193 | 1,847 | |
* | Texas Capital Bancshares Inc. | 27,048 | 1,839 |
WSFS Financial Corp. | 40,205 | 1,826 | |
First Midwest Bancorp Inc. | 97,331 | 1,823 | |
MFA Financial Inc. | 378,851 | 1,818 | |
Investors Bancorp Inc. | 125,294 | 1,793 | |
Two Harbors Investment Corp. | 267,492 | 1,765 | |
Towne Bank | 57,465 | 1,751 | |
Sandy Spring Bancorp Inc. | 39,676 | 1,729 | |
Trustmark Corp. | 54,056 | 1,709 | |
Banner Corp. | 29,673 | 1,697 | |
Renasant Corp. | 47,341 | 1,662 | |
* | PRA Group Inc. | 38,901 | 1,634 |
Heartland Financial USA Inc. | 34,450 | 1,620 | |
* | Genworth Financial Inc. Class A | 431,144 | 1,617 |
iStar Inc. | 60,531 | 1,601 | |
Eagle Bancorp Inc. | 27,103 | 1,564 | |
First Interstate BancSystem Inc. Class A | 35,076 | 1,545 | |
* | NMI Holdings Inc. Class A | 67,432 | 1,522 |
Seacoast Banking Corp. of Florida | 46,821 | 1,495 | |
Horace Mann Educators Corp. | 35,728 | 1,465 | |
Cadence BanCorp. Class A | 67,757 | 1,457 | |
Moelis & Co. Class A | 23,455 | 1,453 | |
BGC Partners Inc. Class A | 282,018 | 1,452 | |
Park National Corp. | 12,349 | 1,448 | |
Stewart Information Services Corp. | 22,862 | 1,439 |
Shares | Market Value• ($000) | ||
Provident Financial Services Inc. | 65,099 | 1,437 | |
Argo Group International Holdings Ltd. | 27,169 | 1,437 | |
Bank of NT Butterfield & Son Ltd. | 42,929 | 1,430 | |
New York Mortgage Trust Inc. | 322,903 | 1,427 | |
Hope Bancorp Inc. | 101,979 | 1,406 | |
Enterprise Financial Services Corp. | 30,714 | 1,379 | |
Great Western Bancorp Inc. | 44,500 | 1,378 | |
Northwest Bancshares Inc. | 104,119 | 1,356 | |
Lakeland Financial Corp. | 19,559 | 1,299 | |
PennyMac Mortgage Investment Trust | 66,913 | �� 1,299 | |
* | Encore Capital Group Inc. | 26,258 | 1,292 |
NBT Bancorp Inc. | 35,899 | 1,287 | |
Capitol Federal Financial Inc. | 110,617 | 1,277 | |
Veritex Holdings Inc. | 35,076 | 1,260 | |
Westamerica BanCorp. | 22,164 | 1,258 | |
American National Group Inc. | 6,335 | 1,219 | |
Redwood Trust Inc. | 96,107 | 1,198 | |
Nelnet Inc. Class A | 14,424 | 1,167 | |
ProAssurance Corp. | 45,714 | 1,166 | |
Broadmark Realty Capital Inc. | 109,259 | 1,148 | |
Berkshire Hills Bancorp Inc. | 43,780 | 1,122 | |
B Riley Financial Inc. | 16,957 | 1,111 | |
* | Bancorp Inc. | 44,966 | 1,109 |
Ladder Capital Corp. Class A | 96,709 | 1,103 | |
First Commonwealth Financial Corp. | 81,175 | 1,097 | |
OceanFirst Financial Corp. | 50,820 | 1,080 | |
FB Financial Corp. | 26,047 | 1,073 | |
OFG Bancorp | 43,292 | 1,031 | |
City Holding Co. | 13,173 | 1,026 | |
First Busey Corp. | 43,195 | 1,024 | |
* | Enova International Inc. | 30,846 | 1,017 |
Safety Insurance Group Inc. | 12,445 | 1,012 | |
Employers Holdings Inc. | 24,488 | 1,008 | |
First BanCorp. | 23,964 | 1,001 | |
Southside Bancshares Inc. | 26,494 | 999 | |
Dime Community Bancshares Inc. | 29,883 | 986 | |
S&T Bancorp Inc. | 32,924 | 981 | |
Brookline Bancorp Inc. | 65,283 | 977 | |
Tompkins Financial Corp. | 12,274 | 977 | |
Customers Bancorp Inc. | 23,579 | 976 | |
Premier Financial Corp. | 31,830 | 968 | |
James River Group Holdings Ltd. | 25,809 | 949 | |
National Bank Holdings Corp. Class A | 25,112 | 942 | |
AMERISAFE Inc. | 16,286 | 937 | |
Meta Financial Group Inc. | 18,988 | 934 | |
TriCo Bancshares | 23,467 | 928 | |
* | StoneX Group Inc. | 13,046 | 909 |
ConnectOne Bancorp Inc. | 31,724 | 908 | |
BancFirst Corp. | 14,630 | 827 | |
Meridian Bancorp Inc. | 39,744 | 826 | |
First Foundation Inc. | 33,859 | 814 | |
Cowen Inc. Class A | 22,082 | 796 | |
German American Bancorp Inc. | 21,007 | 785 | |
Washington Trust Bancorp Inc. | 14,565 | 776 | |
Heritage Financial Corp. | 30,170 | 768 | |
Federal Agricultural Mortgage Corp. Class C | 7,771 | 761 |
Shares | Market Value• ($000) | ||
State Auto Financial Corp. | 14,980 | 758 | |
Ready Capital Corp. | 49,213 | 753 | |
Preferred Bank | 11,734 | 750 | |
Stock Yards Bancorp Inc. | 14,393 | 742 | |
* | SiriusPoint Ltd. | 75,131 | 737 |
HomeStreet Inc. | 17,696 | 723 | |
BrightSpire Capital Inc. Class A | 71,788 | 719 | |
* | World Acceptance Corp. | 3,738 | 710 |
Lakeland Bancorp Inc. | 41,580 | 702 | |
First Bancorp Inc. (XNMS) | 17,215 | 698 | |
Banc of California Inc. | 38,405 | 690 | |
Bryn Mawr Bank Corp. | 16,827 | 687 | |
1st Source Corp. | 14,544 | 684 | |
QCR Holdings Inc. | 13,080 | 679 | |
Univest Financial Corp. | 24,587 | 666 | |
Invesco Mortgage Capital Inc. | 211,089 | 659 | |
Northfield Bancorp Inc. | 38,948 | 658 | |
ARMOUR Residential REIT Inc. | 60,169 | 653 | |
Horizon Bancorp Inc. | 36,396 | 650 | |
Ellington Financial Inc. | 34,921 | 647 | |
TPG RE Finance Trust Inc. | 51,114 | 644 | |
Origin Bancorp Inc. | 15,614 | 643 | |
Granite Point Mortgage Trust Inc. | 46,562 | 641 | |
Harborone Bancorp Inc. | 42,912 | 606 | |
Allegiance Bancshares Inc. | 16,184 | 602 | |
Altabancorp | 14,444 | 600 | |
* | MoneyGram International Inc. | 66,295 | 596 |
Central Pacific Financial Corp. | 23,512 | 595 | |
KKR Real Estate Finance Trust Inc. | 27,880 | 595 | |
Camden National Corp. | 12,543 | 585 | |
First Mid Bancshares Inc. | 14,191 | 580 | |
* | Nicolet Bankshares Inc. | 7,592 | 580 |
Flushing Financial Corp. | 25,066 | 575 | |
* | eHealth Inc. | 14,617 | 565 |
Heritage Commerce Corp. | 49,699 | 560 | |
Capstead Mortgage Corp. | 81,147 | 559 | |
Kearny Financial Corp. | 43,743 | 555 | |
Community Trust Bancorp Inc. | 13,237 | 551 | |
HCI Group Inc. | 4,888 | 546 | |
* | Ambac Financial Group Inc. | 38,668 | 545 |
Byline Bancorp Inc. | 21,693 | 534 | |
Sculptor Capital Management Inc. Class A | 18,396 | 521 | |
ServisFirst Bancshares Inc. | 7,088 | 520 | |
Peapack-Gladstone Financial Corp. | 15,581 | 519 | |
TrustCo Bank Corp. NY | 16,083 | 516 | |
Houlihan Lokey Inc. Class A | 5,619 | 507 | |
Hanmi Financial Corp. | 25,947 | 500 | |
Cambridge Bancorp | 5,801 | 497 | |
* | TriState Capital Holdings Inc. | 24,604 | 497 |
Bank of Marin Bancorp | 13,565 | 491 | |
Great Southern Bancorp Inc. | 9,011 | 491 | |
National Western Life Group Inc. Class A | 2,182 | 484 | |
Peoples Bancorp Inc. | 15,321 | 479 | |
* | Metropolitan Bank Holding Corp. | 6,091 | 477 |
* | Amerant Bancorp Inc. (XNGS) | 17,851 | 474 |
Shares | Market Value• ($000) | ||
Diamond Hill Investment Group Inc. | 2,582 | 473 | |
Midland States Bancorp Inc. | 18,453 | 467 | |
Dynex Capital Inc. | 26,121 | 464 | |
United Fire Group Inc. | 17,871 | 464 | |
First Community Bankshares Inc. | 14,614 | 457 | |
* | MBIA Inc. | 40,760 | 456 |
Banco Latinoamericano de Comercio Exterior SA Class E | 26,343 | 449 | |
* | Oportun Financial Corp. | 17,726 | 448 |
* | Blucora Inc. | 26,078 | 428 |
CBTX Inc. | 15,660 | 426 | |
Financial Institutions Inc. | 13,313 | 423 | |
Arrow Financial Corp. | 11,415 | 421 | |
Mercantile Bank Corp. | 13,452 | 420 | |
First Financial Corp. | 10,248 | 414 | |
First of Long Island Corp. | 19,469 | 413 | |
* | Assetmark Financial Holdings Inc. | 15,259 | 410 |
Republic Bancorp Inc. Class A | 8,165 | 409 | |
* | Atlantic Capital Bancshares Inc. | 16,721 | 405 |
Bank First Corp. | 5,680 | 403 | |
1 | Orchid Island Capital Inc. | 80,224 | 403 |
Business First Bancshares Inc. | 16,472 | 394 | |
* | Columbia Financial Inc. | 21,769 | 392 |
Alerus Financial Corp. | 12,827 | 383 | |
Hingham Institution for Savings | 1,168 | 379 | |
Reliant Bancorp Inc. | 12,941 | 375 | |
Independent Bank Corp. | 17,754 | 372 | |
* | Equity Bancshares Inc. Class A | 11,501 | 369 |
Capstar Financial Holdings Inc. | 17,390 | 366 | |
Oppenheimer Holdings Inc. Class A | 7,842 | 365 | |
First Financial Bankshares Inc. | 7,628 | 363 | |
MidWestOne Financial Group Inc. | 12,304 | 361 | |
HomeTrust Bancshares Inc. | 12,914 | 359 | |
Waterstone Financial Inc. | 17,291 | 351 | |
Farmers National Banc Corp. | 22,129 | 345 | |
Bar Harbor Bankshares | 12,557 | 344 | |
West BanCorp. Inc | 11,140 | 341 | |
CNB Financial Corp. | 13,668 | 336 | |
Citizens & Northern Corp. | 13,298 | 334 | |
MVB Financial Corp. | 8,369 | 331 | |
Universal Insurance Holdings Inc. | 23,015 | 328 | |
Primis Financial Corp. | 20,955 | 314 | |
Civista Bancshares Inc. | 13,214 | 311 | |
Merchants Bancorp | 8,419 | 309 | |
American National Bankshares Inc. | 9,024 | 308 | |
Sierra Bancorp | 11,931 | 303 | |
Southern Missouri Bancorp Inc. | 6,584 | 297 | |
SmartFinancial Inc. | 11,756 | 294 | |
* | EZCorp. Inc. Class A | 41,887 | 289 |
RLI Corp. | 2,547 | 278 | |
Old Second Bancorp Inc. | 23,594 | 277 | |
RBB Bancorp | 10,772 | 277 |
Shares | Market Value• ($000) | ||
Peoples Financial Services Corp. | 5,970 | 275 | |
* | CrossFirst Bankshares Inc. | 20,656 | 273 |
* | Carter Bankshares Inc. | 22,235 | 271 |
Century Bancorp Inc. Class A | 2,353 | 269 | |
Capital City Bank Group Inc. | 11,451 | 266 | |
Enterprise Bancorp Inc. | 7,884 | 266 | |
First Bancorp Inc. (XNGS) | 8,805 | 261 | |
Great Ajax Corp. | 18,462 | 261 | |
Blue Ridge Bankshares Inc. | 14,717 | 261 | |
Spirit of Texas Bancshares Inc. | 10,875 | 257 | |
PJT Partners Inc. Class A | 3,232 | 255 | |
Regional Management Corp. | 4,266 | 254 | |
* | Citizens Inc. Class A | 42,406 | 253 |
Metrocity Bankshares Inc. | 12,214 | 253 | |
Home Bancorp Inc. | 6,512 | 244 | |
First Internet Bancorp | 7,900 | 235 | |
Guaranty Bancshares Inc. | 6,787 | 233 | |
Summit Financial Group Inc. | 9,670 | 231 | |
* | Bridgewater Bancshares Inc. | 13,987 | 229 |
* | Howard Bancorp Inc. | 11,204 | 223 |
Mid Penn Bancorp Inc. | 8,360 | 222 | |
Orrstown Financial Services Inc. | 9,269 | 221 | |
* | Southern First Bancshares Inc. | 4,290 | 219 |
Provident Bancorp Inc. | 13,438 | 218 | |
Northrim BanCorp Inc. | 5,153 | 216 | |
FS Bancorp Inc. | 6,224 | 213 | |
PCSB Financial Corp. | 11,584 | 211 | |
South Plains Financial Inc. | 9,040 | 210 | |
* | Ocwen Financial Corp. | 6,948 | 197 |
Tiptree Inc. | 19,299 | 195 | |
Premier Financial Bancorp Inc. | 10,752 | 194 | |
* | Greenlight Capital Re Ltd. Class A | 23,070 | 194 |
Red River Bancshares Inc. | 3,860 | 194 | |
Donegal Group Inc. Class A | 12,504 | 188 | |
Amalgamated Financial Corp. | 12,045 | 187 | |
WisdomTree Investments Inc. | 29,424 | 186 | |
* | Maiden Holdings Ltd. | 59,077 | 185 |
Macatawa Bank Corp. | 22,364 | 184 | |
Fidelity D&D Bancorp Inc. | 3,414 | 184 | |
Independence Holding Co. | 3,632 | 182 | |
Investors Title Co. | 936 | 180 | |
First Bank | 13,251 | 176 | |
Luther Burbank Corp. | 12,495 | 162 | |
Capital Bancorp Inc. | 6,590 | 156 | |
* | Finance of America Cos. Inc. Class A | 28,420 | 156 |
Marlin Business Services Corp. | 6,901 | 154 | |
* | Trean Insurance Group Inc. | 14,972 | 153 |
Crawford & Co. Class A | 14,296 | 143 | |
* | NI Holdings Inc. | 7,261 | 142 |
Heritage Insurance Holdings Inc. | 19,864 | 139 | |
HBT Financial Inc. | 8,169 | 134 | |
AFC Gamma Inc. | 6,174 | 132 | |
* | Pioneer Bancorp Inc. | 10,523 | 129 |
* | Republic First Bancorp Inc. | 37,989 | 127 |
*,1 | MetroMile Inc. | 31,206 | 125 |
* | Triumph Bancorp Inc. | 1,338 | 110 |
* | Velocity Financial LLC | 7,292 | 94 |
Shares | Market Value• ($000) | ||
* | Coastal Financial Corp. | 2,545 | 75 |
Five Star Bancorp | 2,798 | 67 | |
United Insurance Holdings Corp. | 16,292 | 62 | |
Associated Capital Group Inc. Class A | 1,371 | 51 | |
* | Ryan Specialty Group Holdings Inc. Class A | 1,187 | 39 |
GCM Grosvenor Inc. Class A | 2,947 | 33 | |
Home Point Capital Inc. | 6,450 | 26 | |
GAMCO Investors Inc. Class A | 490 | 13 | |
Angel Oak Mortgage Inc. | 581 | 10 | |
* | U.S. Century Bank Class A | 122 | 2 |
316,569 | |||
Health Care (10.9%) | |||
* | Tenet Healthcare Corp. | 79,874 | 6,018 |
* | Invitae Corp. | 127,179 | 3,768 |
* | Option Care Health Inc. | 110,104 | 2,945 |
* | Pacific Biosciences of California Inc. | 90,215 | 2,825 |
* | Integer Holdings Corp. | 28,085 | 2,775 |
* | Veracyte Inc. | 57,636 | 2,773 |
* | Turning Point Therapeutics Inc. | 34,943 | 2,691 |
* | Emergent BioSolutions Inc. | 41,881 | 2,642 |
* | Arena Pharmaceuticals Inc. | 47,314 | 2,504 |
* | Prestige Consumer Healthcare Inc. | 42,737 | 2,453 |
* | Agios Pharmaceuticals Inc. | 52,688 | 2,354 |
* | Myriad Genetics Inc. | 65,425 | 2,341 |
* | BioCryst Pharmaceuticals Inc. | 136,417 | 2,172 |
* | Biohaven Pharmaceutical Holding Co. Ltd. | 15,130 | 1,986 |
* | Magellan Health Inc. | 20,297 | 1,920 |
* | American Well Corp. Class A | 166,621 | 1,785 |
* | Multiplan Corp. | 288,404 | 1,730 |
Patterson Cos. Inc. | 54,366 | 1,666 | |
* | AdaptHealth Corp. Class A | 67,477 | 1,622 |
*,1 | Inovio Pharmaceuticals Inc. | 177,172 | 1,531 |
* | Bridgebio Pharma Inc. | 30,334 | 1,520 |
* | Ligand Pharmaceuticals Inc. | 11,377 | 1,505 |
* | Atea Pharmaceuticals Inc. | 50,350 | 1,496 |
* | ModivCare Inc. | 7,124 | 1,405 |
* | Fulgent Genetics Inc. | 15,134 | 1,381 |
* | Avanos Medical Inc. | 40,992 | 1,353 |
* | Evolent Health Inc. Class A | 53,251 | 1,308 |
* | Lantheus Holdings Inc. | 49,436 | 1,304 |
* | OPKO Health Inc. | 337,296 | 1,302 |
* | REVOLUTION Medicines Inc. | 43,721 | 1,272 |
* | Trillium Therapeutics Inc. | 70,520 | 1,215 |
* | Supernus Pharmaceuticals Inc. | 41,825 | 1,151 |
* | Brookdale Senior Living Inc. | 157,251 | 1,148 |
* | Arcus Biosciences Inc. | 38,868 | 1,134 |
* | Bluebird Bio Inc. | 58,021 | 1,062 |
* | Translate Bio Inc. | 27,646 | 1,034 |
* | Travere Thrapeutics Inc. | 46,255 | 1,010 |
* | Kura Oncology Inc. | 54,595 | 1,008 |
* | Arcturus Therapeutics Holdings Inc. | 17,949 | 984 |
* | Atara Biotherapeutics Inc. | 65,160 | 976 |
* | MEDNAX Inc. | 30,381 | 976 |
* | MannKind Corp. | 188,489 | 905 |
* | AngioDynamics Inc. | 31,468 | 891 |
* | Enanta Pharmaceuticals Inc. | 14,927 | 854 |
Shares | Market Value• ($000) | ||
* | Haemonetics Corp. | 13,596 | 853 |
* | Varex Imaging Corp. | 28,258 | 824 |
* | Allogene Therapeutics Inc. | 34,525 | 823 |
Healthcare Services Group Inc. | 30,265 | 792 | |
National HealthCare Corp. | 10,669 | 788 | |
* | Vanda Pharmaceuticals Inc. | 46,531 | 779 |
* | Natus Medical Inc. | 28,681 | 761 |
* | Sutro Biopharma Inc. | 34,360 | 746 |
* | Innoviva Inc. | 47,685 | 728 |
* | NextGen Healthcare Inc. | 47,711 | 728 |
* | Livanova plc | 8,731 | 722 |
* | Zogenix Inc. | 48,436 | 717 |
* | Triple-S Management Corp. Class B | 19,321 | 686 |
* | Orthofix Medical Inc. | 16,094 | 682 |
* | ChemoCentryx Inc. | 42,836 | 677 |
* | Addus HomeCare Corp. | 7,511 | 675 |
* | OraSure Technologies Inc. | 60,831 | 666 |
* | Forma Therapeutics Holdings Inc. | 27,351 | 657 |
* | HealthStream Inc. | 21,486 | 653 |
* | Meridian Bioscience Inc. | 32,192 | 652 |
* | IVERIC bio Inc. | 61,569 | 651 |
* | Vaxcyte Inc. | 24,032 | 630 |
* | Kronos Bio Inc. | 29,059 | 608 |
* | Cara Therapeutics Inc. | 37,793 | 596 |
* | Personalis Inc. | 27,944 | 592 |
* | ImmunityBio Inc. | 50,491 | 575 |
* | Krystal Biotech Inc. | 9,799 | 568 |
* | Fulcrum Therapeutics Inc. | 18,859 | 560 |
* | NGM Biopharmaceuticals Inc. | 24,277 | 530 |
* | Anika Therapeutics Inc. | 12,268 | 529 |
* | Gossamer Bio Inc. | 52,904 | 526 |
* | REGENXBIO Inc. | 16,041 | 518 |
* | Syndax Pharmaceuticals Inc. | 28,902 | 505 |
* | Rhythm Pharmaceuticals Inc. | 37,453 | 487 |
* | Avidity Biosciences Inc. | 21,309 | 487 |
* | iTeos Therapeutics Inc. | 17,174 | 487 |
* | ORIC Pharmaceuticals Inc. | 21,579 | 477 |
* | MiMedx Group Inc. | 31,364 | 463 |
* | ImmunoGen Inc. | 76,096 | 460 |
* | Catalyst Pharmaceuticals Inc. | 82,544 | 455 |
* | Prothena Corp. plc | 6,702 | 450 |
* | Arcutis Biotherapeutics Inc. | 21,176 | 448 |
* | Endo International plc | 195,370 | 447 |
* | TCR2 Therapeutics Inc. | 26,338 | 442 |
* | Annexon Inc. | 26,517 | 434 |
* | Amphastar Pharmaceuticals Inc. | 22,026 | 433 |
* | Dyne Therapeutics Inc. | 25,545 | 432 |
* | Computer Programs and Systems Inc. | 11,968 | 426 |
* | Ideaya Biosciences Inc. | 18,137 | 426 |
* | AnaptysBio Inc. | 16,387 | 420 |
* | Altimmune Inc. | 27,792 | 417 |
* | Fluidigm Corp. | 57,692 | 416 |
Owens & Minor Inc. | 10,735 | 400 | |
* | Viking Therapeutics Inc. | 59,545 | 394 |
* | Nkarta Inc. | 11,999 | 388 |
* | Passage Bio Inc. | 31,534 | 379 |
* | Praxis Precision Medicines Inc. | 19,045 | 378 |
* | UFP Technologies Inc. | 5,373 | 376 |
* | Celldex Therapeutics Inc. | 7,132 | 375 |
* | Geron Corp. (XNGS) | 256,576 | 372 |
Shares | Market Value• ($000) | ||
* | Chinook Therapeutics Inc. | 26,738 | 363 |
* | Tivity Health Inc. | 15,375 | 357 |
*,1 | Atossa Therapeutics Inc. | 92,503 | 352 |
* | Merit Medical Systems Inc. | 4,797 | 344 |
* | Reata Pharmaceuticals Inc. Class A | 3,058 | 326 |
* | Provention Bio Inc. | 47,184 | 317 |
* | Seer Inc. Class A | 7,929 | 317 |
* | Gritstone bio Inc. | 34,324 | 316 |
* | Asensus Surgical Inc. | 137,663 | 303 |
* | Blueprint Medicines Corp. | 3,239 | 302 |
* | MeiraGTx Holdings plc | 23,728 | 297 |
* | Cullinan Oncology Inc. | 10,520 | 297 |
* | Selecta Biosciences Inc. | 68,283 | 296 |
* | Athira Pharma Inc. | 27,439 | 291 |
* | Eagle Pharmaceuticals Inc. | 5,280 | 282 |
* | Lineage Cell Therapeutics Inc. | 103,131 | 260 |
* | SQZ Biotechnologies Co. | 19,360 | 257 |
* | Homology Medicines Inc. | 35,652 | 256 |
* | ANI Pharmaceuticals Inc. | 8,337 | 253 |
* | Aeglea BioTherapeutics Inc. | 34,372 | 249 |
* | Neogen Corp. | 5,583 | 244 |
* | Akouos Inc. | 20,424 | 243 |
* | Invacare Corp. | 28,593 | 242 |
* | Mersana Therapeutics Inc. | 17,401 | 242 |
* | Kinnate Biopharma Inc. | 10,962 | 242 |
* | Silverback Therapeutics Inc. | 10,825 | 238 |
* | Cymabay Therapeutics Inc. | 59,075 | 234 |
* | iBio Inc. | 183,715 | 233 |
* | Akebia Therapeutics Inc. | 77,999 | 229 |
Utah Medical Products Inc. | 2,583 | 229 | |
* | 4D Molecular Therapeutics Inc. | 7,495 | 229 |
* | Cardiff Oncology Inc. | 30,747 | 225 |
* | SeaSpine Holdings Corp. | 13,331 | 224 |
* | Kezar Life Sciences Inc. | 29,252 | 223 |
* | Viracta Therapeutics Inc. | 24,142 | 223 |
* | Eiger BioPharmaceuticals Inc. | 27,230 | 222 |
* | Replimune Group Inc. | 6,854 | 218 |
* | Citius Pharmaceuticals Inc. | 96,574 | 217 |
* | Poseida Therapeutics Inc. | 24,467 | 211 |
* | Frequency Therapeutics Inc. | 27,200 | 210 |
* | G1 Therapeutics Inc. | 13,704 | 207 |
* | Avrobio Inc. | 30,851 | 205 |
* | Arbutus Biopharma Corp. | 59,650 | 205 |
XBiotech Inc. | 12,602 | 201 | |
* | Sorrento Therapeutics Inc. | 22,246 | 200 |
* | EyePoint Pharmaceuticals Inc. | 17,982 | 197 |
* | Black Diamond Therapeutics Inc. | 19,384 | 196 |
* | Tonix Pharmaceuticals Holding Corp. | 277,771 | 196 |
* | CorMedix Inc. | 29,201 | 189 |
* | Inozyme Pharma Inc. | 12,242 | 189 |
* | Neoleukin Therapeutics Inc. | 22,943 | 187 |
* | Cogent Biosciences Inc. | 22,591 | 187 |
* | Castlight Health Inc. Class B | 101,508 | 184 |
* | Foghorn Therapeutics Inc. | 14,163 | 184 |
* | Prometheus Biosciences Inc. | 8,376 | 183 |
* | Mustang Bio Inc. | 59,205 | 180 |
* | NanoString Technologies Inc. | 3,086 | 180 |
* | Adverum Biotechnologies Inc. | 73,848 | 179 |
* | Surface Oncology Inc. | 28,299 | 179 |
Shares | Market Value• ($000) | ||
* | Oncorus Inc. | 17,376 | 179 |
* | Bolt Biotherapeutics Inc. | 9,866 | 175 |
* | Jounce Therapeutics Inc. | 28,044 | 174 |
* | Relay Therapeutics Inc. | 5,427 | 174 |
* | Oncternal Therapeutics Inc. | 37,628 | 170 |
* | Community Health Systems Inc. | 13,737 | 169 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 13,428 | 169 |
* | Olema Pharmaceuticals Inc. | 5,535 | 166 |
* | Lexicon Pharmaceuticals Inc. | 34,535 | 163 |
* | Viemed Healthcare Inc. | 25,308 | 162 |
* | Cytokinetics Inc. | 4,735 | 156 |
* | DarioHealth Corp. | 11,463 | 155 |
* | 89bio Inc. | 8,293 | 153 |
* | Instil Bio Inc. | 7,932 | 150 |
* | Adicet Bio Inc. | 17,803 | 149 |
* | Recursion Pharmaceuticals Inc. Class A | 5,913 | 149 |
* | XOMA Corp. | 4,760 | 148 |
* | Deciphera Pharmaceuticals Inc. | 4,620 | 146 |
* | Scholar Rock Holding Corp. | 3,666 | 145 |
* | Solid Biosciences Inc. | 50,703 | 137 |
* | Syros Pharmaceuticals Inc. | 25,264 | 134 |
* | Atreca Inc. Class A | 22,100 | 130 |
* | Immunic Inc. | 13,195 | 130 |
* | Vor BioPharma Inc. | 8,772 | 129 |
* | Akero Therapeutics Inc. | 5,381 | 128 |
* | Chimerix Inc. | 17,562 | 125 |
* | Misonix Inc. | 4,826 | 123 |
* | Trevena Inc. | 92,164 | 122 |
* | Apria Inc. | 3,332 | 119 |
* | Oyster Point Pharma Inc. | 8,940 | 118 |
* | KemPharm Inc. | 12,496 | 116 |
* | Castle Biosciences Inc. | 1,471 | 113 |
* | Athenex Inc. | 30,292 | 111 |
* | Crinetics Pharmaceuticals Inc. | 4,387 | 103 |
* | Sangamo Therapeutics Inc. | 10,405 | 103 |
* | CryoLife Inc. | 3,849 | 101 |
* | Talis Biomedical Corp. | 12,272 | 99 |
* | Immunovant Inc. | 11,353 | 98 |
* | MacroGenics Inc. | 4,011 | 95 |
* | Ikena Oncology Inc. | 7,117 | 92 |
* | Albireo Pharma Inc. | 2,930 | 90 |
* | Exagen Inc. | 6,282 | 89 |
* | Shattuck Labs Inc. | 4,073 | 86 |
* | Curis Inc. | 9,493 | 84 |
* | Finch Therapeutics Group Inc. | 5,866 | 83 |
* | VistaGen Therapeutics Inc. | 26,517 | 81 |
* | UroGen Pharma Ltd. | 4,550 | 80 |
* | Vaxart Inc. | 8,874 | 79 |
* | Gemini Therapeutics Inc. | 15,658 | 77 |
* | Nurix Therapeutics Inc. | 2,371 | 76 |
* | Design Therapeutics Inc. | 4,789 | 75 |
* | FibroGen Inc. | 6,301 | 73 |
* | Avid Bioservices Inc. | 2,970 | 72 |
* | Sensei Biotherapeutics Inc. | 6,607 | �� 71 |
* | Alphatec Holdings Inc. | 4,669 | 68 |
* | VBI Vaccines Inc. | 18,370 | 66 |
* | Taysha Gene Therapies Inc. | 3,265 | 65 |
* | Oncocyte Corp. | 15,544 | 64 |
* | Precigen Inc. | 10,332 | 62 |
* | Applied Therapeutics Inc. | 3,723 | 58 |
* | Generation Bio Co. | 2,310 | 58 |
* | Spruce Biosciences Inc. | 7,401 | 57 |
Shares | Market Value• ($000) | ||
* | Portage Biotech Inc. | 2,594 | 53 |
* | Clene Inc. | 6,404 | 51 |
* | Kala Pharmaceuticals Inc. | 13,688 | 46 |
* | Hookipa Pharma Inc. | 6,445 | 44 |
* | Nuvation Bio Inc. | 4,799 | 44 |
* | Tarsus Pharmaceuticals Inc. | 1,618 | 43 |
* | CytomX Therapeutics Inc. | 8,231 | 42 |
* | Athersys Inc. | 24,070 | 40 |
* | Terns Pharmaceuticals Inc. | 2,897 | 39 |
* | Werewolf Therapeutics Inc. | 2,120 | 38 |
* | Sientra Inc. | 6,135 | 37 |
* | Rain Therapeutics Inc. | 2,090 | 37 |
* | Harvard Bioscience Inc. | 4,295 | 35 |
* | Sigilon Therapeutics Inc. | 5,760 | 34 |
* | Theravance Biopharma Inc. | 3,843 | 32 |
* | CEL-SCI Corp. | 2,651 | 31 |
* | Pliant Therapeutics Inc. | 1,708 | 31 |
* | Brooklyn ImmunoTherapeutics Inc. | 2,556 | 31 |
* | Spero Therapeutics Inc. | 1,553 | 30 |
* | NexImmune Inc. | 2,031 | 29 |
* | Sana Biotechnology Inc. | 1,230 | 29 |
* | Talaris Therapeutics Inc. | 2,496 | 29 |
* | Infinity Pharmaceuticals Inc. | 7,775 | 28 |
* | Impel Neuropharma Inc. | 1,494 | 28 |
* | Magenta Therapeutics Inc. | 3,932 | 25 |
* | Mirum Pharmaceuticals Inc. | 1,566 | 25 |
* | Ardelyx Inc. | 17,351 | 24 |
* | Doximity Inc. Class A | 260 | 24 |
* | NantHealth Inc. | 10,017 | 22 |
* | SOC Telemed Inc. Class A | 7,327 | 20 |
* | Adagio Therapeutics Inc. | 466 | 16 |
* | Neuronetics Inc. | 2,212 | 15 |
* | Reneo Pharmaceuticals Inc. | 1,374 | 15 |
* | Nuvalent Inc. Class A | 417 | 15 |
* | Eliem Therapeutics Inc. | 559 | 14 |
* | Verve Therapeutics Inc. | 188 | 13 |
* | Avalo Therapeutics Inc. | 4,231 | 13 |
* | Kaleido Biosciences Inc. | 1,995 | 12 |
* | Monte Rosa Therapeutics Inc. | 295 | 11 |
* | Forian Inc. | 805 | 10 |
* | Bright Health Group Inc. | 1,029 | 10 |
* | Immuneering Corp. Class A | 399 | 10 |
* | Bioventus Inc. Class A | 614 | 9 |
* | RxSight Inc. | 592 | 9 |
* | Caribou Biosciences Inc. | 330 | 9 |
* | Tenaya Therapeutics Inc. | 449 | 9 |
* | Day One Biopharmaceuticals Inc. | 230 | 6 |
* | Cytek Biosciences Inc. | 284 | 6 |
* | Omega Therapeutics Inc. | 307 | 6 |
* | Convey Holding Parent Inc. | 587 | 5 |
* | Lyell Immunopharma Inc. | 334 | 5 |
* | Icosavax Inc. | 142 | 5 |
* | Cyteir Therapeutics Inc. | 207 | 4 |
* | Rani Therapeutics Holdings Inc. Class A | 210 | 4 |
* | Sight Sciences Inc. | 129 | 4 |
* | TScan Therapeutics Inc. | 395 | 4 |
* | CVRx Inc. | 160 | 3 |
* | Alpha Teknova Inc. | 177 | 3 |
* | Janux Therapeutics Inc. | 87 | 3 |
* | Candel Therapeutics Inc. | 334 | 3 |
* | Erasca Inc. | 127 | 3 |
* | Imago Biosciences Inc. | 127 | 3 |
* | In8bio Inc. | 448 | 3 |
Shares | Market Value• ($000) | ||
* | Sera Prognostics Inc. Class A | 316 | 3 |
* | Singular Genomics Systems Inc. | 122 | 2 |
* | Vera Therapeutics Inc. | 160 | 2 |
* | Century Therapeutics Inc. | 90 | 2 |
* | Codex DNA Inc. | 146 | 2 |
* | Graphite Bio Inc. | 89 | 2 |
* | Elevation Oncology Inc. | 189 | 2 |
* | LifeStance Health Group Inc. | 167 | 2 |
* | Absci Corp. | 115 | 2 |
* | Rallybio Corp. | 161 | 2 |
* | Rapid Micro Biosystems Inc. Class A | 101 | 2 |
*,2 | PDL BioPharma Inc. | 270 | 1 |
134,899 | |||
Industrials (14.7%) | |||
EMCOR Group Inc. | 41,512 | 5,044 | |
* | WESCO International Inc. | 31,296 | 3,662 |
*,3 | API Group Corp. | 154,059 | 3,573 |
* | Resideo Technologies Inc. | 109,041 | 3,516 |
* | Summit Materials Inc. Class A | 100,138 | 3,372 |
Altra Industrial Motion Corp. | 55,344 | 3,241 | |
Korn Ferry | 45,601 | 3,224 | |
Triton International Ltd. | 57,024 | 3,120 | |
UniFirst Corp. | 12,890 | 2,953 | |
Rexnord Corp. | 48,309 | 2,935 | |
Matson Inc. | 36,654 | 2,902 | |
ABM Industries Inc. | 57,593 | 2,852 | |
GATX Corp. | 30,154 | 2,765 | |
EnerSys | 32,663 | 2,763 | |
SPX FLOW Inc. | 33,051 | 2,662 | |
Kennametal Inc. | 71,164 | 2,646 | |
HB Fuller Co. | 36,513 | 2,467 | |
* | Chart Industries Inc. | 12,458 | 2,347 |
Werner Enterprises Inc. | 47,025 | 2,218 | |
Belden Inc. | 37,836 | 2,166 | |
Trinity Industries Inc. | 74,127 | 2,152 | |
Brady Corp. Class A | 40,322 | 2,150 | |
* | Green Dot Corp. Class A | 41,087 | 2,146 |
Mueller Water Products Inc. Class A | 125,613 | 2,088 | |
* | Fluor Corp. | 121,412 | 2,023 |
* | Kratos Defense & Security Solutions Inc. | 81,326 | 2,010 |
* | Hub Group Inc. Class A | 28,340 | 1,989 |
Moog Inc. Class A | 24,801 | 1,970 | |
Maxar Technologies Inc. | 61,290 | 1,948 | |
Otter Tail Corp. | 35,191 | 1,931 | |
Barnes Group Inc. | 40,489 | 1,930 | |
ManTech International Corp. Class A | 23,474 | 1,858 | |
* | GMS Inc. | 36,587 | 1,808 |
ESCO Technologies Inc. | 20,055 | 1,807 | |
* | Atlas Air Worldwide Holdings Inc. | 24,625 | 1,802 |
Macquarie Infrastructure Corp. | 44,650 | 1,779 | |
Watts Water Technologies Inc. Class A | 10,310 | 1,769 | |
Albany International Corp. Class A | 20,943 | 1,640 | |
Granite Construction Inc. | 39,207 | 1,589 | |
EnPro Industries Inc. | 17,563 | 1,502 | |
* | Gibraltar Industries Inc. | 20,049 | 1,497 |
ICF International Inc. | 15,849 | 1,484 | |
* | Proto Labs Inc. | 19,983 | 1,482 |
Shares | Market Value• ($000) | ||
Encore Wire Corp. | 17,236 | 1,465 | |
* | CBIZ Inc. | 42,628 | 1,454 |
ArcBest Corp. | 21,688 | 1,447 | |
* | Air Transport Services Group Inc. | 50,210 | 1,375 |
Deluxe Corp. | 35,815 | 1,374 | |
Hillenbrand Inc. | 28,803 | 1,337 | |
* | OSI Systems Inc. | 13,033 | 1,290 |
Greenbrier Cos. Inc. | 27,479 | 1,212 | |
Greif Inc. Class A | 18,817 | 1,192 | |
* | JELD-WEN Holding Inc. | 43,003 | 1,184 |
Astec Industries Inc. | 19,277 | 1,179 | |
* | TriMas Corp. | 36,724 | 1,179 |
* | Veritiv Corp. | 13,096 | 1,174 |
* | Textainer Group Holdings Ltd. | 35,266 | 1,172 |
Primoris Services Corp. | 45,464 | 1,168 | |
AZZ Inc. | 21,149 | 1,133 | |
Mesa Laboratories Inc. | 4,164 | 1,111 | |
Columbus McKinnon Corp. | 23,822 | 1,097 | |
* | Conduent Inc. | 142,452 | 1,040 |
Standex International Corp. | 10,390 | 1,031 | |
* | American Woodmark Corp. | 14,435 | 1,017 |
* | CoreCivic Inc. | 102,010 | 992 |
* | AAR Corp. | 28,916 | 979 |
Griffon Corp. | 39,506 | 956 | |
*,1 | Workhorse Group Inc. | 95,818 | 940 |
Apogee Enterprises Inc. | 21,610 | 929 | |
Kaman Corp. | 23,536 | 920 | |
* | NV5 Global Inc. | 8,277 | 874 |
*,1 | Ideanomics Inc. | 348,257 | 874 |
* | Great Lakes Dredge & Dock Corp. | 55,822 | 843 |
* | Repay Holdings Corp. Class A | 36,640 | 843 |
* | Huron Consulting Group Inc. | 17,015 | 840 |
* | TrueBlue Inc. | 29,762 | 813 |
* | Triumph Group Inc. | 43,909 | 811 |
Marten Transport Ltd. | 50,663 | 790 | |
* | Donnelley Financial Solutions Inc. | 23,555 | 786 |
* | Ranpak Holdings Corp. Class A | 24,659 | 757 |
* | Allegheny Technologies Inc. | 42,352 | 756 |
* | Frontline Ltd. | 101,499 | 733 |
*,1 | Hyliion Holdings Corp. | 80,881 | 714 |
SFL Corp. Ltd. | 88,823 | 713 | |
* | Manitowoc Co. Inc. | 29,181 | 708 |
* | Vivint Smart Home Inc. | 57,180 | 698 |
Heartland Express Inc. | 40,752 | 684 | |
DHT Holdings Inc. | 123,010 | 680 | |
Scorpio Tankers Inc. | 41,587 | 674 | |
Quanex Building Products Corp. | 28,473 | 671 | |
Costamare Inc. | 44,980 | 647 | |
Wabash National Corp. | 40,574 | 631 | |
* | Beacon Roofing Supply Inc. | 11,897 | 612 |
International Seaways Inc. | 35,373 | 608 | |
CAI International Inc. | 10,663 | 597 | |
Argan Inc. | 12,685 | 587 | |
Kelly Services Inc. Class A | 29,977 | 583 | |
* | Cross Country Healthcare Inc. | 26,598 | 579 |
* | Itron Inc. | 6,884 | 578 |
* | Advantage Solutions Inc. | 64,903 | 565 |
* | PGT Innovations Inc. | 26,158 | 555 |
Gorman-Rupp Co. | 15,789 | 554 |
Shares | Market Value• ($000) | ||
Aerojet Rocketdyne Holdings Inc. | 12,983 | 539 | |
Chase Corp. | 4,684 | 536 | |
Insteel Industries Inc. | 14,492 | 536 | |
* | FARO Technologies Inc. | 7,739 | 534 |
* | BrightView Holdings Inc. | 34,789 | 533 |
Genco Shipping & Trading Ltd. | 27,355 | 533 | |
* | ASGN Inc. | 4,682 | 525 |
* | Lydall Inc. | 8,210 | 509 |
* | Tutor Perini Corp. | 35,064 | 506 |
Pactiv Evergreen Inc. | 36,580 | 503 | |
Hyster-Yale Materials Handling Inc. | 8,494 | 498 | |
Barrett Business Services Inc. | 6,372 | 494 | |
* | Vectrus Inc. | 9,807 | 493 |
* | Ducommun Inc. | 9,247 | 487 |
* | Echo Global Logistics Inc. | 14,823 | 487 |
* | Titan Machinery Inc. | 16,467 | 473 |
* | Modine Manufacturing Co. | 37,855 | 471 |
* | Thermon Group Holdings Inc. | 28,045 | 468 |
Cass Information Systems Inc. | 10,149 | 458 | |
* | DXP Enterprises Inc. | 15,160 | 455 |
VSE Corp. | 9,000 | 450 | |
McGrath RentCorp. | 6,404 | 447 | |
* | Sterling Construction Co. Inc. | 18,971 | 437 |
Resources Connection Inc. | 26,857 | 424 | |
Ennis Inc. | 21,711 | 421 | |
Heidrick & Struggles International Inc. | 9,385 | 406 | |
* | Vishay Precision Group Inc. | 10,561 | 395 |
* | SPX Corp. | 6,269 | 392 |
Myers Industries Inc. | 16,377 | 373 | |
* | MYR Group Inc. | 3,541 | 368 |
National Presto Industries Inc. | 4,349 | 363 | |
*,1 | View Inc. | 72,058 | 361 |
* | Dycom Industries Inc. | 4,699 | 354 |
* | Eagle Bulk Shipping Inc. | 7,086 | 350 |
REV Group Inc. | 20,654 | 336 | |
Miller Industries Inc. | 8,971 | 334 | |
* | ExOne Co. | 13,597 | 334 |
Nordic American Tankers Ltd. | 128,245 | 304 | |
* | Titan International Inc. | 36,147 | 300 |
* | RR Donnelley & Sons Co. | 60,248 | 296 |
Luxfer Holdings plc | 13,803 | 295 | |
Greif Inc. Class B | 4,515 | 278 | |
Dorian LPG Ltd. | 20,746 | 274 | |
* | Astronics Corp. | 20,417 | 273 |
* | Covenant Logistics Group Inc. Class A | 10,775 | 263 |
* | Acacia Research Corp. | 41,726 | 254 |
Caesarstone Ltd. | 19,231 | 250 | |
* | Ferro Corp. | 11,818 | 246 |
* | Yellow Corp. | 40,455 | 246 |
* | Babcock & Wilcox Enterprises Inc. | 33,241 | 243 |
Park Aerospace Corp. | 16,658 | 243 | |
U.S. Lime & Minerals Inc. | 1,660 | 243 | |
* | Teekay Tankers Ltd. Class A | 20,230 | 232 |
* | Radiant Logistics Inc. | 33,424 | 229 |
* | GP Strategies Corp. | 10,725 | 222 |
Kronos Worldwide Inc. | 16,231 | 215 | |
* | Meritor Inc. | 8,965 | 213 |
Shares | Market Value• ($000) | ||
* | U.S. Xpress Enterprises Inc. Class A | 23,479 | 205 |
* | CECO Environmental Corp. | 26,435 | 200 |
Powell Industries Inc. | 7,758 | 196 | |
* | Safe Bulkers Inc. | 47,944 | 194 |
Park-Ohio Holdings Corp. | 7,233 | 186 | |
* | Mistras Group Inc. | 17,317 | 184 |
* | Concrete Pumping Holdings Inc. | 21,931 | 182 |
* | Commercial Vehicle Group Inc. | 17,168 | 180 |
* | Teekay Corp. | 58,897 | 178 |
Preformed Line Products Co. | 2,515 | 176 | |
Alamo Group Inc. | 996 | 154 | |
* | HC2 Holdings Inc. | 40,264 | 152 |
* | Blue Bird Corp. | 6,887 | 149 |
Lindsay Corp. | 897 | 148 | |
* | Infrastructure and Energy Alternatives Inc. | 10,533 | 135 |
* | Desktop Metal Inc. Class A | 14,865 | 123 |
* | Mayville Engineering Co. Inc. | 7,557 | 113 |
* | Aersale Corp. | 7,696 | 104 |
* | Rekor Systems Inc. | 9,289 | 101 |
* | Team Inc. | 22,412 | 100 |
* | Atlas Technical Consultants Inc. | 9,482 | 96 |
* | PAM Transportation Services Inc. | 2,596 | 91 |
CRA International Inc. | 960 | 89 | |
* | StarTek Inc. | 14,304 | 87 |
* | Willis Lease Finance Corp. | 2,219 | 84 |
* | AgEagle Aerial Systems Inc. | 20,539 | 73 |
* | Willdan Group Inc. | 1,905 | 72 |
* | Custom Truck One Source Inc. | 7,489 | 64 |
Allied Motion Technologies Inc. | 813 | 28 | |
* | Target Hospitality Corp. | 6,704 | 27 |
Universal Logistics Holdings Inc. | 1,159 | 25 | |
* | BM Technologies Inc. (XASE) | 2,150 | 21 |
* | Core & Main Inc. Class A | 649 | 18 |
* | TaskUS Inc. Class A | 212 | 13 |
Hirequest Inc. | 666 | 12 | |
* | First Advantage Corp. | 514 | 12 |
* | Legalzoom.com Inc. | 176 | 6 |
* | CS Disco Inc. | 62 | 3 |
* | Flywire Corp. | 43 | 2 |
182,172 | |||
Other (0.0%)4 | |||
*,2 | Media General Inc. CVR | 35,434 | 1 |
*,2 | NewStar Financial Inc. CVR | 6,148 | 1 |
*,2 | Aduro Biotech Inc. CVR | 724 | — |
*,2 | Ferroglobe Unit | 19,424 | — |
2 | |||
Real Estate (11.8%) | |||
STAG Industrial Inc. | 136,922 | 5,785 | |
Agree Realty Corp. | 57,420 | 4,281 | |
Terreno Realty Corp. | 58,275 | 3,893 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 61,759 | 3,728 | |
Healthcare Realty Trust Inc. | 120,639 | 3,623 | |
Physicians Realty Trust | 183,187 | 3,391 | |
Broadstone Net Lease Inc. | 121,517 | 3,330 | |
Essential Properties Realty Trust Inc. | 99,982 | 3,240 |
Shares | Market Value• ($000) | ||
Lexington Realty Trust | 234,143 | 3,168 | |
Sabra Health Care REIT Inc. | 184,330 | 2,949 | |
PotlatchDeltic Corp. | 56,240 | 2,922 | |
Macerich Co. | 168,865 | 2,884 | |
* | Digitalbridge Group Inc. | 408,730 | 2,820 |
Corporate Office Properties Trust | 96,432 | 2,717 | |
Apple Hospitality REIT Inc. | 179,066 | 2,647 | |
Equity Commonwealth | 100,200 | 2,639 | |
QTS Realty Trust Inc. Class A | 33,808 | 2,636 | |
* | Outfront Media Inc. | 99,501 | 2,464 |
Pebblebrook Hotel Trust | 110,984 | 2,445 | |
Retail Properties of America Inc. Class A | 183,260 | 2,423 | |
SITE Centers Corp. | 148,124 | 2,386 | |
Innovative Industrial Properties Inc. | 9,659 | 2,375 | |
Kennedy-Wilson Holdings Inc. | 102,642 | 2,257 | |
National Health Investors Inc. | 37,275 | 2,230 | |
Uniti Group Inc. | 166,286 | 2,173 | |
* | Sunstone Hotel Investors Inc. | 183,501 | 2,127 |
RLJ Lodging Trust | 139,852 | 2,018 | |
Brandywine Realty Trust | 145,052 | 2,013 | |
Piedmont Office Realty Trust Inc. Class A | 106,092 | 1,891 | |
Urban Edge Properties | 99,102 | 1,877 | |
Four Corners Property Trust Inc. | 65,108 | 1,863 | |
Washington REIT | 72,467 | 1,822 | |
CareTrust REIT Inc. | 82,633 | 1,817 | |
Retail Opportunity Investments Corp. | 99,571 | 1,800 | |
Independence Realty Trust Inc. | 87,444 | 1,791 | |
* | Realogy Holdings Corp. | 98,533 | 1,729 |
American Assets Trust Inc. | 42,774 | 1,703 | |
* | Xenia Hotels & Resorts Inc. | 97,455 | 1,698 |
Columbia Property Trust Inc. | 98,211 | 1,642 | |
* | DiamondRock Hospitality Co. | 179,088 | 1,619 |
Service Properties Trust | 140,478 | 1,606 | |
Easterly Government Properties Inc. Class A | 72,218 | 1,543 | |
Acadia Realty Trust | 72,073 | 1,529 | |
Industrial Logistics Properties Trust | 55,661 | 1,527 | |
Kite Realty Group Trust | 70,954 | 1,438 | |
Paramount Group Inc. | 160,038 | 1,418 | |
Global Net Lease Inc. | 82,341 | 1,400 | |
* | Mack-Cali Realty Corp. | 74,709 | 1,336 |
Monmouth Real Estate Investment Corp. | 70,109 | 1,331 | |
Alexander & Baldwin Inc. | 62,176 | 1,298 | |
Empire State Realty Trust Inc. Class A | 121,551 | 1,248 | |
Centerspace | 11,354 | 1,149 | |
LTC Properties Inc. | 33,095 | 1,142 | |
Getty Realty Corp. | 34,243 | 1,083 | |
Office Properties Income Trust | 40,699 | 1,080 | |
Tanger Factory Outlet Centers Inc. | 60,935 | 1,019 | |
NexPoint Residential Trust Inc. | 15,477 | 1,003 | |
* | Apartment Investment and Management Co. Class A | 126,612 | 909 |
RPT Realty | 68,598 | 888 |
Shares | Market Value• ($000) | ||
NETSTREIT Corp. | 34,170 | 884 | |
* | Summit Hotel Properties Inc. | 88,224 | 822 |
GEO Group Inc. | 100,174 | 776 | |
American Finance Trust Inc. | 88,048 | 759 | |
Diversified Healthcare Trust | 201,534 | 756 | |
Global Medical REIT Inc. | 48,186 | 743 | |
* | Marcus & Millichap Inc. | 17,982 | 705 |
Armada Hoffler Properties Inc. | 50,763 | 682 | |
* | Radius Global Infrastructure Inc. Class A (XNMS) | 37,384 | 668 |
New Senior Investment Group Inc. | 69,639 | 608 | |
Plymouth Industrial REIT Inc. | 24,883 | 586 | |
City Office REIT Inc. | 36,339 | 580 | |
RMR Group Inc. Class A | 11,663 | 540 | |
Preferred Apartment Communities Inc. Class A | 42,599 | 532 | |
RE/MAX Holdings Inc. Class A | 15,740 | 527 | |
Ares Commercial Real Estate Corp. | 32,141 | 507 | |
Gladstone Commercial Corp. | 22,321 | 505 | |
* | Seritage Growth Properties Class A | 31,129 | 503 |
* | Chatham Lodging Trust | 40,656 | 488 |
* | CorePoint Lodging Inc. | 33,447 | 484 |
Urstadt Biddle Properties Inc. Class A | 25,315 | 483 | |
Safehold Inc. | 5,027 | 450 | |
One Liberty Properties Inc. | 13,703 | 436 | |
Franklin Street Properties Corp. | 87,725 | 421 | |
PS Business Parks Inc. | 2,589 | 407 | |
Retail Value Inc. | 14,811 | 370 | |
Community Healthcare Trust Inc. | 7,152 | 347 | |
* | Tejon Ranch Co. | 17,723 | 341 |
Whitestone REIT | 34,018 | 334 | |
* | FRP Holdings Inc. | 5,684 | 328 |
* | Ryman Hospitality Properties Inc. | 3,703 | 308 |
Farmland Partners Inc. | 22,787 | 279 | |
CTO Realty Growth Inc. | 4,969 | 279 | |
* | Hersha Hospitality Trust Class A | 27,446 | 257 |
* | Forestar Group Inc. | 10,767 | 224 |
Gladstone Land Corp. | 8,747 | 206 | |
Postal Realty Trust Inc. Class A | 10,228 | 200 | |
* | Braemar Hotels & Resorts Inc. | 37,830 | 191 |
BRT Apartments Corp. | 9,293 | 181 | |
* | Ashford Hospitality Trust Inc. | 9,320 | 144 |
CatchMark Timber Trust Inc. Class A | 12,229 | 141 | |
UMH Properties Inc. | 4,883 | 116 | |
Indus Realty Trust Inc. | 924 | 65 | |
Universal Health Realty Income Trust | 852 | 50 | |
Saul Centers Inc. | 793 | 37 | |
Clipper Realty Inc. | 1,954 | 17 | |
Phillips Edison & Co. Inc. | 279 | 8 | |
* | Bridge Investment Group Holdings Inc. Class A | 229 | 4 |
146,042 |
Shares | Market Value• ($000) | ||
Technology (4.3%) | |||
* | LiveRamp Holdings Inc. | 55,632 | 2,726 |
* | Verint Systems Inc. | 55,066 | 2,458 |
* | Rambus Inc. | 96,067 | 2,286 |
* | Sanmina Corp. | 54,928 | 2,169 |
Vishay Intertechnology Inc. | 98,240 | 2,158 | |
* | Onto Innovation Inc. | 28,438 | 2,108 |
* | Insight Enterprises Inc. | 19,465 | 2,003 |
* | Covetrus Inc. | 88,505 | 1,999 |
Xperi Holding Corp. | 89,947 | 1,922 | |
Amkor Technology Inc. | 69,269 | 1,903 | |
* | Allscripts Healthcare Solutions Inc. | 119,172 | 1,830 |
* | NetScout Systems Inc. | 60,176 | 1,650 |
Methode Electronics Inc. | 32,490 | 1,513 | |
* | Super Micro Computer Inc. | 37,021 | 1,353 |
* | Bottomline Technologies DE Inc. | 31,181 | 1,318 |
* | TTM Technologies Inc. | 91,895 | 1,287 |
* | ePlus Inc. | 11,324 | 1,225 |
* | Cloudera Inc. | 76,678 | 1,221 |
* | Veeco Instruments Inc. | 42,520 | 969 |
* | Ping Identity Holding Corp. | 36,993 | 960 |
Benchmark Electronics Inc. | 30,438 | 823 | |
* | Diodes Inc. | 8,415 | 815 |
* | Parsons Corp. | 22,364 | 792 |
* | Photronics Inc. | 52,376 | 789 |
* | ScanSource Inc. | 21,398 | 761 |
CTS Corp. | 21,065 | 739 | |
CSG Systems International Inc. | 14,751 | 711 | |
Ebix Inc. | 22,559 | 649 | |
KBR Inc. | 15,027 | 585 | |
* | PDF Solutions Inc. | 25,250 | 569 |
* | GAN Ltd. | 30,487 | 521 |
* | Kimball Electronics Inc. | 19,408 | 469 |
PC Connection Inc. | 9,435 | 457 | |
* | Fabrinet | 4,398 | 453 |
* | E2open Parent Holdings Inc. | 35,507 | 424 |
* | DSP Group Inc. | 19,176 | 420 |
* | Rogers Corp. | 1,920 | 408 |
* | NeoPhotonics Corp. | 42,882 | 401 |
* | II-VI Inc. | 6,314 | 398 |
* | Cleanspark Inc. | 27,825 | 384 |
* | Asana Inc. Class A | 5,088 | 384 |
* | Ichor Holdings Ltd. | 8,177 | 362 |
* | TrueCar Inc. | 83,632 | 351 |
* | FormFactor Inc. | 8,262 | 321 |
* | AXT Inc. | 33,948 | 316 |
* | Quantum Corp. | 47,482 | 296 |
* | Unisys Corp. | 11,896 | 288 |
* | Limelight Networks Inc. | 106,237 | 287 |
* | 3D Systems Corp. | 9,088 | 277 |
* | Plexus Corp. | 2,766 | 254 |
* | VirnetX Holding Corp. | 53,952 | 242 |
* | Envestnet Inc. | 2,944 | 235 |
* | comScore Inc. | 60,212 | 234 |
* | Aeva Technologies Inc. | 21,127 | 207 |
* | GTY Technologies Holdings Inc. | 27,358 | 202 |
* | EMCORE Corp. | 26,410 | 198 |
* | Cohu Inc. | 5,368 | 192 |
* | Daktronics Inc. | 31,241 | 190 |
* | Smith Micro Software Inc. | 37,780 | 189 |
* | ChannelAdvisor Corp. | 7,320 | 188 |
* | Rackspace Technology Inc. | 12,751 | 178 |
* | Yelp Inc. Class A | 4,492 | 173 |
Shares | Market Value• ($000) | ||
* | SecureWorks Corp. Class A | 8,202 | 168 |
American Software Inc. Class A | 5,779 | 147 | |
* | A10 Networks Inc. | 8,508 | 118 |
* | eGain Corp. | 9,345 | 110 |
QAD Inc. Class A | 1,225 | 107 | |
* | Agilysys Inc. | 1,748 | 99 |
* | Alpha & Omega Semiconductor Ltd. | 3,249 | 94 |
* | Model N Inc. | 2,418 | 82 |
* | Groupon Inc. Class A | 2,825 | 70 |
* | Benefitfocus Inc. | 5,622 | 68 |
* | ON24 Inc. | 2,679 | 61 |
* | DigitalOcean Holdings Inc. | 599 | 37 |
Hackett Group Inc. | 1,633 | 32 | |
* | Mediaalpha Inc. Class A | 1,425 | 32 |
* | Identiv Inc. | 1,462 | 26 |
NVE Corp. | 234 | 16 | |
* | SkyWater Technology Inc. | 470 | 16 |
* | SentinelOne Inc. Class A | 180 | 11 |
* | Alkami Technology Inc. | 318 | 9 |
* | Clear Secure Inc. Class A | 181 | 8 |
* | Intapp Inc. | 155 | 6 |
* | MeridianLink Inc. | 230 | 6 |
* | Sprinklr Inc. Class A | 297 | 5 |
* | Couchbase Inc. | 96 | 5 |
* | Confluent Inc. Class A | 68 | 4 |
* | 1stdibs.com Inc. | 118 | 2 |
* | Zeta Global Holdings Corp. Class A | 371 | 2 |
53,531 | |||
Telecommunications (1.5%) | |||
* | Liberty Latin America Ltd. Class C | 127,957 | 1,841 |
Telephone and Data Systems Inc. | 86,531 | 1,758 | |
InterDigital Inc. | 15,782 | 1,138 | |
* | Iridium Communications Inc. | 24,959 | 1,111 |
* | EchoStar Corp. Class A | 35,140 | 949 |
* | NETGEAR Inc. | 25,967 | 928 |
Shenandoah Telecommunications Co. | 27,112 | 809 | |
ADTRAN Inc. | 38,205 | 789 | |
* | Digi International Inc. | 28,823 | 634 |
* | Gogo Inc. | 46,694 | 628 |
* | Liberty Latin America Ltd. Class A | 40,864 | 583 |
* | Consolidated Communications Holdings Inc. | 61,990 | 575 |
* | Harmonic Inc. | 61,832 | 571 |
Comtech Telecommunications Corp. | 21,677 | 553 | |
* | Plantronics Inc. | 16,907 | 504 |
* | Inseego Corp. | 55,920 | 470 |
ATN International Inc. | 9,462 | 431 | |
* | U.S. Cellular Corp. | 12,988 | 415 |
* | Anterix Inc. | 6,630 | 391 |
* | Ribbon Communications Inc. | 59,757 | 390 |
* | Cincinnati Bell Inc. | 25,050 | 388 |
* | Calix Inc. | 7,986 | 372 |
* | Viavi Solutions Inc. | 21,699 | 354 |
* | WideOpenWest Inc. | 16,688 | 354 |
* | Aviat Networks Inc. | 8,192 | 290 |
* | IDT Corp. Class B | 4,207 | 183 |
* | Hemisphere Media Group Inc. Class A | 13,472 | 166 |
Shares | Market Value• ($000) | ||
* | Ooma Inc. | 7,753 | 147 |
* | KVH Industries Inc. | 12,884 | 136 |
* | Globalstar Inc. | 65,037 | 129 |
* | DZS Inc. | 8,185 | 113 |
* | Kaltura Inc. | 491 | 6 |
18,106 | |||
Utilities (4.8%) | |||
�� | Portland General Electric Co. | 76,830 | 3,945 |
Black Hills Corp. | 53,706 | 3,777 | |
PNM Resources Inc. | 73,053 | 3,616 | |
Southwest Gas Holdings Inc. | 49,527 | 3,482 | |
ONE Gas Inc. | 45,011 | 3,233 | |
New Jersey Resources Corp. | 82,235 | 3,071 | |
ALLETE Inc. | 44,865 | 3,025 | |
Spire Inc. | 43,279 | 2,887 | |
California Water Service Group | 43,368 | 2,756 | |
NorthWestern Corp. | 43,308 | 2,754 | |
Ormat Technologies Inc. (XNYS) | 38,716 | 2,754 | |
MGE Energy Inc. | 31,130 | 2,507 | |
Avista Corp. | 59,198 | 2,477 | |
* | Sunnova Energy International Inc. | 62,529 | 2,264 |
South Jersey Industries Inc. | 87,662 | 2,175 | |
Brookfield Infrastructure Corp. Class A | 31,294 | 1,990 | |
Chesapeake Utilities Corp. | 14,741 | 1,927 | |
SJW Group | 23,695 | 1,643 | |
Clearway Energy Inc. Class C | 51,387 | 1,613 | |
American States Water Co. | 15,038 | 1,387 | |
Northwest Natural Holding Co. | 26,114 | 1,344 | |
Middlesex Water Co. | 9,223 | 1,009 | |
* | U.S. Ecology Inc. | 23,836 | 854 |
* | Harsco Corp. | 38,480 | 702 |
Clearway Energy Inc. Class A | 23,473 | 698 | |
Unitil Corp. | 12,588 | 624 | |
Artesian Resources Corp. Class A | 6,921 | 273 | |
* | Casella Waste Systems Inc. Class A | 3,294 | 244 |
* | Heritage-Crystal Clean Inc. | 8,141 | 240 |
York Water Co. | 4,266 | 220 | |
*,1 | Cadiz Inc. | 15,810 | 212 |
* | Pure Cycle Corp. | 1,786 | 27 |
Via Renewables Inc. Class A | 1,038 | 12 | |
59,742 | |||
Total Common Stocks (Cost $1,080,874) | 1,237,809 |
Face Amount ($000) | Market Value• ($000) | ||
Corporate Bonds (0.0%) | |||
GAMCO Investors Inc. 4.000%, 10/30/21 (Cost $1) | 1 | 1 | |
Shares | |||
Temporary Cash Investments (2.2%) | |||
Money Market Fund (2.2%) | |||
5,6 | Vanguard Market Liquidity Fund, 0.068% (Cost $27,201) | 272,022 | 27,202 |
Total Investments (102.2%) (Cost $1,108,076) | 1,265,012 | ||
Other Assets and Liabilities—Net (-2.2%) | (27,059) | ||
Net Assets (100%) | 1,237,953 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $23,403,000. |
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 August 31, 2021, the aggregate value was $3,573,000, representing 0.3% 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 $23,419,000 was received for securities on loan. |
CVR—Contingent Value Rights. | |
REIT—Real Estate Investment Trust. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini Russell 2000 Index | September 2021 | 29 | 3,293 | 56 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $1,080,875) | 1,237,810 |
Affiliated Issuers (Cost $27,201) | 27,202 |
Total Investments in Securities | 1,265,012 |
Investment in Vanguard | 41 |
Cash Collateral Pledged—Futures Contracts | 150 |
Receivables for Investment Securities Sold | 662 |
Receivables for Accrued Income | 1,155 |
Receivables for Capital Shares Issued | 56 |
Variation Margin Receivable—Futures Contracts | 5 |
Total Assets | 1,267,081 |
Liabilities | |
Due to Custodian | 711 |
Payables for Investment Securities Purchased | 4,925 |
Collateral for Securities on Loan | 23,419 |
Payables to Vanguard | 73 |
Total Liabilities | 29,128 |
Net Assets | 1,237,953 |
At August 31, 2021, net assets consisted of: | |
Paid-in Capital | 1,179,591 |
Total Distributable Earnings (Loss) | 58,362 |
Net Assets | 1,237,953 |
ETF Shares—Net Assets | |
Applicable to 7,200,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,035,968 |
Net Asset Value Per Share—ETF Shares | $143.88 |
Institutional Shares—Net Assets | |
Applicable to 711,674 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 201,985 |
Net Asset Value Per Share—Institutional Shares | $283.82 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends | 13,975 |
Interest1 | 1 |
Securities Lending—Net | 360 |
Total Income | 14,336 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 128 |
Management and Administrative—ETF Shares | 734 |
Management and Administrative—Institutional Shares | 47 |
Marketing and Distribution—ETF Shares | 29 |
Marketing and Distribution—Institutional Shares | 4 |
Custodian Fees | 193 |
Auditing Fees | 29 |
Shareholders’ Reports—ETF Shares | 22 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | — |
Total Expenses | 1,186 |
Net Investment Income | 13,150 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 131,641 |
Futures Contracts | 113 |
Realized Net Gain (Loss) | 131,754 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 143,428 |
Futures Contracts | 36 |
Change in Unrealized Appreciation (Depreciation) | 143,464 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 288,368 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $1,000, less than $1,000, and less than ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $145,076,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 13,150 | 8,106 |
Realized Net Gain (Loss) | 131,754 | (52,681) |
Change in Unrealized Appreciation (Depreciation) | 143,464 | 29,427 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 288,368 | (15,148) |
Distributions | ||
ETF Shares | (9,366) | (5,262) |
Institutional Shares | (1,795) | (2,732) |
Total Distributions | (11,161) | (7,994) |
Capital Share Transactions | ||
ETF Shares | 496,571 | 63,025 |
Institutional Shares | 73,727 | (40,708) |
Net Increase (Decrease) from Capital Share Transactions | 570,298 | 22,317 |
Total Increase (Decrease) | 847,505 | (825) |
Net Assets | ||
Beginning of Period | 390,448 | 391,273 |
End of Period | 1,237,953 | 390,448 |
ETF Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $91.76 | $99.51 | $119.05 | $100.96 | $90.64 |
Investment Operations | |||||
Net Investment Income1 | 1.998 | 1.868 | 1.912 | 1.905 | 1.736 |
Net Realized and Unrealized Gain (Loss) on Investments | 51.982 | (7.771) | (19.589) | 18.070 | 10.358 |
Total from Investment Operations | 53.980 | (5.903) | (17.677) | 19.975 | 12.094 |
Distributions | |||||
Dividends from Net Investment Income | (1.860) | (1.847) | (1.863) | (1.885) | (1.774) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (1.860) | (1.847) | (1.863) | (1.885) | (1.774) |
Net Asset Value, End of Period | $143.88 | $91.76 | $99.51 | $119.05 | $100.96 |
Total Return | 59.34% | -6.05% | -14.93% | 19.96% | 13.42% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $1,036 | $303 | $251 | $223 | $172 |
Ratio of Total Expenses to Average Net Assets | 0.15% | 0.15% | 0.15% | 0.20% | 0.20% |
Ratio of Net Investment Income to Average Net Assets | 1.52% | 1.99% | 1.83% | 1.73% | 1.76% |
Portfolio Turnover Rate2 | 45% | 38% | 27% | 30% | 36% |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $180.98 | $196.24 | $234.81 | $199.13 | $178.76 |
Investment Operations | |||||
Net Investment Income1 | 4.212 | 3.783 | 3.966 | 4.029 | 3.737 |
Net Realized and Unrealized Gain (Loss) on Investments | 102.428 | (15.303) | (38.670) | 35.618 | 20.356 |
Total from Investment Operations | 106.640 | (11.520) | (34.704) | 39.647 | 24.093 |
Distributions | |||||
Dividends from Net Investment Income | (3.800) | (3.740) | (3.866) | (3.967) | (3.723) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (3.800) | (3.740) | (3.866) | (3.967) | (3.723) |
Net Asset Value, End of Period | $283.82 | $180.98 | $196.24 | $234.81 | $199.13 |
Total Return | 59.46% | -5.97% | -14.88% | 20.10% | 13.55% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $202 | $88 | $140 | $151 | $146 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.67% | 2.04% | 1.90% | 1.85% | 1.88% |
Portfolio Turnover Rate2 | 45% | 38% | 27% | 30% | 36% |
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 | 1,237,806 | — | 3 | 1,237,809 |
Corporate Bonds | — | 1 | — | 1 |
Temporary Cash Investments | 27,202 | — | — | 27,202 |
Total | 1,265,008 | 1 | 3 | 1,265,012 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 56 | — | — | 56 |
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. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for in-kind redemptions and passive foreign investment were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 144,045 |
Total Distributable Earnings (Loss) | (144,045) |
Amount ($000) | |
Undistributed Ordinary Income | 5,237 |
Undistributed Long-Term Gains | — |
Capital Loss Carryforwards | (100,542) |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 153,667 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 11,161 | 7,994 |
Long-Term Capital Gains | — | — |
Total | 11,161 | 7,994 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 1,111,345 |
Gross Unrealized Appreciation | 212,542 |
Gross Unrealized Depreciation | (58,875) |
Net Unrealized Appreciation (Depreciation) | 153,667 |
E. | During the year ended August 31, 2021, the fund purchased $1,324,498,000 of investment securities and sold $750,414,000 of investment securities, other than temporary cash investments. Purchases and sales include $853,920,000 and $379,962,000, 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: |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 880,493 | 6,600 | 101,511 | 1,250 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (383,922) | (2,700) | (38,486) | (475) | |
Net Increase (Decrease)—ETF Shares | 496,571 | 3,900 | 63,025 | 775 | |
Institutional Shares | |||||
Issued | 120,164 | 430 | 41,919 | 240 | |
Issued in Lieu of Cash Distributions | 1,795 | 8 | 2,732 | 14 | |
Redeemed | (48,232) | (210) | (85,359) | (483) | |
Net Increase (Decrease)—Institutional Shares | 73,727 | 228 | (40,708) | (229) |
G. | Management has determined that no material events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Year | Ten Years | Final Value of a $10,000 Investment | ||
Russell 2000 Growth Index Fund ETF Shares Net Asset Value | 35.67% | 16.61% | 14.79% | $39,732 | |
Russell 2000 Growth Index Fund ETF Shares Market Price | 35.55 | 16.62 | 14.80 | 39,770 | |
Russell 2000 Growth Index | 35.61 | 16.58 | 14.78 | 39,702 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.16 | 44,721 |
One Year | Five Years | Ten Years | Final Value of a $5,000,000 Investment | ||
Russell 2000 Growth Index Fund Institutional Shares | 35.77% | 16.71% | 14.91% | $20,077,897 | |
Russell 2000 Growth Index | 35.61 | 16.58 | 14.78 | 19,850,833 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.16 | 22,360,680 |
One Year | Five Years | Ten Years | |
Russell 2000 Growth Index Fund ETF Shares Market Price | 35.55% | 115.73% | 297.70% |
Russell 2000 Growth Index Fund ETF Shares Net Asset Value | 35.67 | 115.57 | 297.32 |
Russell 2000 Growth Index | 35.61 | 115.29 | 297.02 |
Basic Materials | 3.0% |
Consumer Discretionary | 16.1 |
Consumer Staples | 3.2 |
Energy | 2.2 |
Financials | 5.1 |
Health Care | 28.6 |
Industrials | 15.0 |
Real Estate | 3.0 |
Technology | 20.3 |
Telecommunications | 2.4 |
Utilities | 1.1 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (100.0%) | |||
Basic Materials (3.0%) | |||
Balchem Corp. | 31,541 | 4,429 | |
UFP Industries Inc. | 53,244 | 3,998 | |
* | Livent Corp. | 143,817 | 3,577 |
Quaker Chemical Corp. | 13,194 | 3,419 | |
* | Ingevity Corp. | 39,377 | 3,165 |
Cabot Corp. | 54,901 | 2,932 | |
*,1 | MP Materials Corp. | 71,360 | 2,396 |
Compass Minerals International Inc. | 33,458 | 2,239 | |
Trinseo SA | 38,080 | 1,977 | |
Sensient Technologies Corp. | 21,392 | 1,858 | |
* | Novagold Resources Inc. | 232,046 | 1,678 |
GrafTech International Ltd. | 147,588 | 1,634 | |
* | Coeur Mining Inc. | 161,694 | 1,140 |
* | Orion Engineered Carbons SA | 59,297 | 1,048 |
Mueller Industries Inc. | 21,253 | 948 | |
Hecla Mining Co. | 153,418 | 944 | |
* | RBC Bearings Inc. | 3,433 | 795 |
Innospec Inc. | 7,441 | 696 | |
*,1 | Energy Fuels Inc. | 118,637 | 642 |
Materion Corp. | 7,751 | 566 | |
* | Uranium Energy Corp. | 207,624 | 521 |
Avient Corp. | 9,276 | 483 | |
Boise Cascade Co. | 8,275 | 479 | |
Hawkins Inc. | 12,230 | 463 | |
Omega Flex Inc. | 3,034 | 461 | |
* | Gatos Silver Inc. | 28,439 | 408 |
*,1 | Meta Materials Inc. | 60,187 | 280 |
Tredegar Corp. | 20,840 | 277 | |
* | Amyris Inc. | 18,165 | 273 |
Kaiser Aluminum Corp. | 1,904 | 240 | |
Ryerson Holding Corp. | 10,187 | 236 | |
Stepan Co. | 1,967 | 231 | |
* | Ur-Energy Inc. | 163,622 | 213 |
* | Perpetua Resources Corp. | 26,237 | 133 |
Schnitzer Steel Industries Inc. Class A | 2,112 | 100 | |
American Vanguard Corp. | 6,373 | 98 | |
* | Marrone Bio Innovations Inc. | 98,004 | 98 |
* | Zymergen Inc. | 3,590 | 47 |
* | Century Aluminum Co. | 2,769 | 35 |
* | Polymet Mining Corp. | 9,600 | 32 |
45,189 |
Shares | Market Value• ($000) | ||
Consumer Discretionary (16.1%) | |||
* | Crocs Inc. | 63,180 | 9,023 |
* | Scientific Games Corp. Class A | 94,069 | 6,806 |
Texas Roadhouse Inc. Class A | 68,480 | 6,506 | |
* | Fox Factory Holding Corp. | 41,320 | 6,350 |
* | Helen of Troy Ltd. | 23,922 | 5,722 |
* | BJ's Wholesale Club Holdings Inc. | 100,143 | 5,674 |
Wingstop Inc. | 29,196 | 5,020 | |
* | National Vision Holdings Inc. | 79,842 | 4,789 |
* | Sonos Inc. | 117,618 | 4,673 |
American Eagle Outfitters Inc. | 148,881 | 4,544 | |
Papa John's International Inc. | 32,270 | 4,115 | |
* | Stamps.com Inc. | 11,783 | 3,875 |
Murphy USA Inc. | 24,635 | 3,825 | |
Rent-A-Center Inc. | 60,229 | 3,799 | |
* | Hilton Grand Vacations Inc. | 83,716 | 3,658 |
* | Asbury Automotive Group Inc. | 18,937 | 3,527 |
* | LGI Homes Inc. | 21,701 | 3,479 |
LCI Industries | 24,244 | 3,434 | |
Cracker Barrel Old Country Store Inc. | 23,206 | 3,332 | |
Steven Madden Ltd. | 80,239 | 3,247 | |
* | Skyline Champion Corp. | 51,387 | 3,223 |
* | Shake Shack Inc. Class A | 36,612 | 3,176 |
Signet Jewelers Ltd. | 39,736 | 3,147 | |
* | Overstock.com Inc. | 42,049 | 3,034 |
* | Visteon Corp. | 27,158 | 2,870 |
* | Allegiant Travel Co. | 14,829 | 2,854 |
Wolverine World Wide Inc. | 79,550 | 2,853 | |
* | Cardlytics Inc. | 31,269 | 2,839 |
* | Red Rock Resorts Inc. Class A | 60,332 | 2,824 |
* | Gentherm Inc. | 32,530 | 2,792 |
Kontoor Brands Inc. | 50,740 | 2,738 | |
* | Boot Barn Holdings Inc. | 28,106 | 2,509 |
* | Dorman Products Inc. | 26,159 | 2,455 |
* | Stitch Fix Inc. Class A | 57,792 | 2,422 |
* | Brinker International Inc. | 44,445 | 2,368 |
* | Bloomin' Brands Inc. | 86,691 | 2,322 |
Winnebago Industries Inc. | 31,642 | 2,203 | |
* | 2U Inc. | 59,290 | 2,195 |
* | International Game Technology plc | 97,823 | 2,102 |
Shares | Market Value• ($000) | ||
* | Sally Beauty Holdings Inc. | 110,247 | 2,049 |
* | iRobot Corp. | 24,843 | 2,015 |
*,1 | Fisker Inc. | 142,524 | 1,988 |
* | Cheesecake Factory Inc. | 42,380 | 1,977 |
* | Everi Holdings Inc. | 81,764 | 1,860 |
Dana Inc. | 76,390 | 1,777 | |
Camping World Holdings Inc. Class A | 41,749 | 1,667 | |
* | Cavco Industries Inc. | 6,379 | 1,630 |
* | Bally's Corp. | 31,943 | 1,605 |
* | Houghton Mifflin Harcourt Co. | 116,779 | 1,573 |
* | Cinemark Holdings Inc. | 87,527 | 1,561 |
* | Urban Outfitters Inc. | 47,246 | 1,560 |
* | Malibu Boats Inc. Class A | 20,255 | 1,450 |
* | elf Beauty Inc. | 44,663 | 1,382 |
* | SeaWorld Entertainment Inc. | 27,825 | 1,369 |
* | XPEL Inc. | 17,560 | 1,334 |
Century Communities Inc. | 18,978 | 1,330 | |
* | Dine Brands Global Inc. | 15,945 | 1,319 |
Inter Parfums Inc. | 17,488 | 1,269 | |
* | Revolve Group Inc. | 22,092 | 1,269 |
Hibbett Inc. | 13,158 | 1,259 | |
Smith & Wesson Brands Inc. | 52,000 | 1,255 | |
* | Selectquote Inc. | 131,089 | 1,252 |
* | iHeartMedia Inc. Class A | 49,947 | 1,243 |
Sturm Ruger & Co. Inc. | 15,593 | 1,219 | |
* | GoPro Inc. Class A | 122,146 | 1,218 |
* | Purple Innovation Inc. Class A | 49,119 | 1,198 |
* | Children's Place Inc. | 13,753 | 1,194 |
*,1 | Blink Charging Co. | 35,712 | 1,158 |
Monro Inc. | 19,994 | 1,138 | |
Buckle Inc. | 27,536 | 1,066 | |
* | Meredith Corp. | 24,622 | 1,059 |
* | Sleep Number Corp. | 11,374 | 1,052 |
* | Tenneco Inc. Class A | 63,256 | 987 |
* | RealReal Inc. | 76,907 | 957 |
* | Liberty Media Corp.- Liberty Braves Class C | 36,924 | 954 |
Caleres Inc. | 36,049 | 886 | |
* | BJ's Restaurants Inc. | 20,418 | 873 |
* | QuinStreet Inc. | 48,532 | 869 |
* | Viad Corp. | 19,875 | 858 |
* | Designer Brands Inc. Class A | 58,811 | 853 |
* | 1-800-Flowers.com Inc. Class A | 26,065 | 828 |
* | CarParts.com Inc. | 46,337 | 800 |
MDC Holdings Inc. | 15,233 | 796 | |
* | Golden Entertainment Inc. | 16,570 | 791 |
* | Denny's Corp. | 46,303 | 766 |
* | Rush Street Interactive Inc. | 51,191 | 762 |
*,1 | Corsair Gaming Inc. | 26,298 | 761 |
*,1 | Vuzix Corp. | 57,401 | 759 |
* | Sportsman's Warehouse Holdings Inc. | 42,545 | 755 |
* | Citi Trends Inc. | 8,718 | 751 |
* | Party City Holdco Inc. | 108,112 | 736 |
* | Dave & Buster's Entertainment Inc. | 19,504 | 730 |
* | Lovesac Co. | 12,492 | 707 |
* | AMC Networks Inc. Class A | 14,514 | 690 |
KB Home | 15,900 | 684 | |
* | Ruth's Hospitality Group Inc. | 32,928 | 675 |
Shares | Market Value• ($000) | ||
* | Golden Nugget Online Gaming Inc. | 31,234 | 675 |
* | America's Car-Mart Inc. | 5,015 | 649 |
* | Monarch Casino & Resort Inc. | 10,180 | 645 |
Clarus Corp. | 23,602 | 639 | |
* | Accel Entertainment Inc. Class A | 55,098 | 635 |
* | Central Garden & Pet Co. Class A | 15,188 | 633 |
* | Liquidity Services Inc. | 25,931 | 633 |
* | Quotient Technology Inc. | 86,925 | 631 |
Shoe Carnival Inc. | 15,768 | 604 | |
* | Sun Country Airlines Holdings Inc. | 16,965 | 549 |
* | MarineMax Inc. | 10,898 | 530 |
RCI Hospitality Holdings Inc. | 8,171 | 528 | |
* | Frontier Group Holdings Inc. | 34,071 | 522 |
* | Funko Inc. Class A | 25,927 | 517 |
* | Noodles & Co. Class A | 39,805 | 501 |
Acushnet Holdings Corp. | 9,998 | 499 | |
* | Latham Group Inc. | 22,689 | 498 |
* | Arlo Technologies Inc. | 79,635 | 494 |
* | American Axle & Manufacturing Holdings Inc. | 54,981 | 488 |
PROG Holdings Inc. | 10,182 | 482 | |
* | AMMO Inc. | 64,460 | 474 |
* | Adient plc | 11,868 | 467 |
* | Master Craft Boat Holdings Inc. | 18,355 | 458 |
* | Lindblad Expeditions Holdings Inc. | 30,109 | 443 |
* | Taylor Morrison Home Corp. Class A | 14,743 | 414 |
OneWater Marine Inc. Class A | 10,031 | 406 | |
* | Red Robin Gourmet Burgers Inc. | 15,248 | 373 |
Global Industrial Co. | 9,634 | 371 | |
Johnson Outdoors Inc. Class A | 3,209 | 368 | |
* | Century Casinos Inc. | 26,663 | 356 |
* | WW International Inc. | 15,764 | 341 |
* | Turtle Beach Corp. | 11,935 | 339 |
*,1 | Arcimoto Inc. | 26,781 | 333 |
* | Bed Bath & Beyond Inc. | 12,028 | 331 |
Jack in the Box Inc. | 3,052 | 323 | |
* | Eastman Kodak Co. | 41,433 | 302 |
* | Chuy's Holdings Inc. | 9,100 | 294 |
* | Full House Resorts Inc. | 32,017 | 275 |
* | OneSpaWorld Holdings Ltd. | 25,616 | 269 |
* | Kirkland's Inc. | 13,707 | 262 |
Winmark Corp. | 1,238 | 260 | |
*,1 | Canoo Inc. | 35,507 | 256 |
Haverty Furniture Cos. Inc. | 7,065 | 252 | |
* | Meritage Homes Corp. | 2,117 | 236 |
* | Neogames SA | 5,455 | 225 |
* | Liberty Media Corp.- Liberty Braves Class A | 8,587 | 223 |
* | PlayAGS Inc. | 26,908 | 220 |
* | Green Brick Partners Inc. | 8,551 | 214 |
* | ONE Group Hospitality Inc. | 19,124 | 213 |
* | Tri Pointe Homes Inc. | 8,913 | 212 |
* | Arko Corp. | 20,074 | 208 |
Sinclair Broadcast Group Inc. Class A | 6,893 | 207 |
Shares | Market Value• ($000) | ||
* | Liberty TripAdvisor Holdings Inc. Class A | 54,926 | 205 |
* | HyreCar Inc. | 17,145 | 193 |
* | Duluth Holdings Inc. Class B | 11,873 | 185 |
* | Abercrombie & Fitch Co. Class A | 5,044 | 180 |
* | LiveXLive Media Inc. | 51,771 | 178 |
Interface Inc. Class A | 12,116 | 174 | |
* | Central Garden & Pet Co. | 3,701 | 170 |
* | Kura Sushi USA Inc. Class A | 3,355 | 170 |
HNI Corp. | 4,436 | 168 | |
* | Thryv Holdings Inc. | 5,132 | 159 |
* | Romeo Power Inc. | 32,235 | 157 |
JOANN Inc. | 11,357 | 156 | |
PriceSmart Inc. | 1,734 | 147 | |
Carriage Services Inc. Class A | 3,083 | 143 | |
* | Casper Sleep Inc. | 28,399 | 141 |
Nathan's Famous Inc. | 2,055 | 136 | |
Franchise Group Inc. | 3,788 | 132 | |
* | Chico's FAS Inc. | 25,198 | 130 |
Guess? Inc. | 5,123 | 124 | |
Marine Products Corp. | 8,401 | 119 | |
*,1 | Aterian Inc. | 19,358 | 115 |
* | Cars.com Inc. | 8,846 | 113 |
* | Regis Corp. | 20,641 | 112 |
Oxford Industries Inc. | 1,211 | 109 | |
* | Drive Shack Inc. | 39,042 | 107 |
* | Stoneridge Inc. | 3,909 | 91 |
* | Shift Technologies Inc. | 12,064 | 90 |
* | Nautilus Inc. | 7,677 | 88 |
* | Clear Channel Outdoor Holdings Inc. | 30,431 | 80 |
* | PowerSchool Holdings Inc. Class A | 2,320 | 80 |
*,1 | Esports Technologies Inc. | 2,371 | 77 |
* | Imax Corp. | 4,711 | 74 |
* | Chicken Soup For The Soul Entertainment Inc. | 2,989 | 73 |
* | Stride Inc. | 2,089 | 72 |
* | Lordstown Motors Corp. Class A | 10,859 | 71 |
Escalade Inc. | 2,570 | 59 | |
*,1 | CuriosityStream Inc. | 4,467 | 56 |
* | Figs Inc. Class A | 1,311 | 54 |
Superior Group of Cos. Inc. | 2,059 | 49 | |
Hamilton Beach Brands Holding Co. Class A | 2,666 | 45 | |
* | Alta Equipment Group Inc. | 3,365 | 45 |
* | Traeger Inc. | 1,559 | 39 |
* | Stagwell Inc. | 5,239 | 37 |
* | XL Fleet Corp. | 4,875 | 33 |
* | F45 Training Holdings Inc. | 2,288 | 31 |
* | Krispy Kreme Inc. | 1,834 | 31 |
Hooker Furniture Corp. | 791 | 25 | |
* | Mister Car Wash Inc. | 1,297 | 25 |
* | Xponential Fitness Inc. Class A | 2,261 | 24 |
Rocky Brands Inc. | 454 | 23 | |
* | Snap One Holdings Corp. | 1,020 | 21 |
* | Digital Media Solutions Inc. Class A | 2,518 | 20 |
* | Outbrain Inc. | 857 | 15 |
*,1 | Weber Inc. Class A | 869 | 14 |
National CineMedia Inc. | 5,165 | 13 | |
* | Integral Ad Science Holding Corp. | 609 | 13 |
Shares | Market Value• ($000) | ||
* | European Wax Center Inc. Class A | 461 | 11 |
* | Instructure Holdings Inc. | 435 | 10 |
* | Torrid Holdings Inc. | 308 | 7 |
* | Revlon Inc. Class A | 493 | 6 |
* | Duolingo Inc. | 28 | 4 |
239,353 | |||
Consumer Staples (3.2%) | |||
* | Performance Food Group Co. | 129,261 | 6,491 |
* | Celsius Holdings Inc. | 44,486 | 3,637 |
Sanderson Farms Inc. | 17,030 | 3,346 | |
WD-40 Co. | 13,362 | 3,202 | |
Lancaster Colony Corp. | 16,298 | 2,889 | |
Energizer Holdings Inc. | 66,578 | 2,619 | |
Medifast Inc. | 11,390 | 2,596 | |
J & J Snack Foods Corp. | 14,419 | 2,361 | |
Coca-Cola Consolidated Inc. | 4,597 | 1,867 | |
* | GrowGeneration Corp. | 52,912 | 1,693 |
* | Sprouts Farmers Market Inc. | 51,762 | 1,289 |
* | USANA Health Sciences Inc. | 12,425 | 1,206 |
Utz Brands Inc. | 57,669 | 1,120 | |
Nu Skin Enterprises Inc. Class A | 21,679 | 1,097 | |
National Beverage Corp. | 22,968 | 1,069 | |
* | Beauty Health Co. | 41,549 | 1,068 |
*,1 | Tattooed Chef Inc. | 45,732 | 968 |
* | BellRing Brands Inc. Class A | 25,604 | 865 |
Calavo Growers Inc. | 16,732 | 785 | |
MGP Ingredients Inc. | 11,705 | 764 | |
Turning Point Brands Inc. | 14,534 | 723 | |
Core-Mark Holding Co. Inc. | 13,922 | 640 | |
* | Hydrofarm Holdings Group Inc. | 11,049 | 559 |
* | 22nd Century Group Inc. | 147,669 | 527 |
John B Sanfilippo & Son Inc. | 5,736 | 488 | |
PetMed Express Inc. | 16,577 | 457 | |
* | Vital Farms Inc. | 24,017 | 432 |
* | Veru Inc. | 44,256 | 395 |
*,1 | AppHarvest Inc. | 46,899 | 394 |
Andersons Inc. | 12,459 | 379 | |
Vector Group Ltd. | 20,534 | 308 | |
* | Duckhorn Portfolio Inc. | 13,198 | 284 |
* | PLBY Group Inc. | 10,602 | 263 |
* | Simply Good Foods Co. | 5,075 | 181 |
* | Honest Co. Inc. | 17,243 | 176 |
* | NewAge Inc. | 73,381 | 129 |
* | United Natural Foods Inc. | 3,436 | 126 |
* | Laird Superfood Inc. | 4,398 | 88 |
* | AquaBounty Technologies Inc. | 17,143 | 79 |
* | Mission Produce Inc. | 3,728 | 77 |
Limoneira Co. | 4,103 | 68 | |
* | Chefs' Warehouse Inc. | 2,120 | 64 |
* | Greenlane Holdings Inc. Class A | 18,165 | 46 |
* | MedAvail Holdings Inc. | 11,457 | 38 |
* | Zevia PBC Class A | 1,127 | 16 |
47,869 | |||
Energy (2.2%) | |||
* | Denbury Inc. | 49,355 | 3,471 |
Matador Resources Co. | 108,335 | 3,115 | |
* | Southwestern Energy Co. | 662,946 | 3,016 |
Shares | Market Value• ($000) | ||
Magnolia Oil & Gas Corp. Class A | 136,206 | 2,136 | |
* | Ameresco Inc. Class A | 30,230 | 2,090 |
Cactus Inc. Class A | 53,390 | 2,003 | |
*,1 | Stem Inc. | 61,271 | 1,531 |
*,1 | FuelCell Energy Inc. | 244,281 | 1,524 |
Oasis Petroleum Inc. | 16,800 | 1,455 | |
*,1 | SunPower Corp. | 62,006 | 1,336 |
* | TPI Composites Inc. | 34,940 | 1,269 |
* | Callon Petroleum Co. | 33,799 | 1,155 |
* | Tellurian Inc. | 310,033 | 989 |
* | Kosmos Energy Ltd. | 396,361 | 935 |
* | ChampionX Corp. | 36,126 | 843 |
* | DMC Global Inc. | 18,173 | 730 |
* | Par Pacific Holdings Inc. | 37,298 | 615 |
* | Array Technologies Inc. | 29,234 | 557 |
* | Contango Oil & Gas Co. | 143,685 | 522 |
* | Antero Resources Corp. | 33,905 | 465 |
Ovintiv Inc. | 14,381 | 392 | |
* | Liberty Oilfield Services Inc. Class A | 29,406 | 301 |
* | TETRA Technologies Inc. | 92,460 | 300 |
* | Vine Energy Inc. Class A | 20,193 | 300 |
* | Extraction Oil & Gas Inc. | 6,086 | 277 |
*,1 | Beam Global | 7,381 | 230 |
* | Arch Resources Inc. | 2,916 | 221 |
* | FTC Solar Inc. | 18,609 | 202 |
* | Laredo Petroleum Inc. | 3,337 | 180 |
Falcon Minerals Corp. | 32,282 | 143 | |
* | Centennial Resource Development Inc. Class A | 22,544 | 115 |
Warrior Met Coal Inc. | 5,049 | 113 | |
*,1 | Advent Technologies Holdings Inc. | 12,694 | 94 |
* | Talos Energy Inc. | 5,569 | 69 |
* | Frank's International NV | 23,121 | 67 |
* | NexTier Oilfield Solutions Inc. | 18,134 | 65 |
Solaris Oilfield Infrastructure Inc. Class A | 8,317 | 62 | |
* | Earthstone Energy Inc. Class A | 4,005 | 33 |
Altus Midstream Co. Class A | 362 | 24 | |
Riley Exploration Permian Inc. | 269 | 5 | |
32,950 | |||
Financials (5.1%) | |||
First Financial Bankshares Inc. | 118,241 | 5,631 | |
Houlihan Lokey Inc. Class A | 44,354 | 4,001 | |
RLI Corp. | 36,211 | 3,955 | |
Kinsale Capital Group Inc. | 21,035 | 3,825 | |
* | Open Lending Corp. Class A | 101,992 | 3,771 |
* | Trupanion Inc. | 37,352 | 3,421 |
*,1 | Riot Blockchain Inc. | 82,464 | 3,078 |
ServisFirst Bancshares Inc. | 40,663 | 2,985 | |
Artisan Partners Asset Management Inc. Class A | 57,251 | 2,975 | |
Hamilton Lane Inc. Class A | 33,276 | 2,864 | |
* | Focus Financial Partners Inc. Class A | 53,311 | 2,766 |
* | Silvergate Capital Corp. Class A | 22,396 | 2,530 |
Virtus Investment Partners Inc. | 7,141 | 2,233 |
Shares | Market Value• ($000) | ||
* | Palomar Holdings Inc. | 24,034 | 2,158 |
Cohen & Steers Inc. | 24,319 | 2,133 | |
Moelis & Co. Class A | 32,846 | 2,035 | |
* | LendingTree Inc. | 11,372 | 1,895 |
Live Oak Bancshares Inc. | 30,835 | 1,887 | |
* | Triumph Bancorp Inc. | 21,476 | 1,766 |
StepStone Group Inc. Class A | 36,516 | 1,748 | |
* | BRP Group Inc. Class A | 45,142 | 1,700 |
PJT Partners Inc. Class A | 19,788 | 1,563 | |
Brightsphere Investment Group Inc. | 56,743 | 1,543 | |
* | Texas Capital Bancshares Inc. | 18,702 | 1,272 |
Investors Bancorp Inc. | 80,565 | 1,153 | |
Cadence BanCorp. Class A | 42,497 | 914 | |
Eastern Bankshares Inc. | 35,624 | 705 | |
WisdomTree Investments Inc. | 102,017 | 644 | |
Glacier Bancorp Inc. | 11,910 | 634 | |
Pacific Premier Bancorp Inc. | 13,923 | 556 | |
Meta Financial Group Inc. | 8,917 | 439 | |
Goosehead Insurance Inc. Class A | 2,719 | 399 | |
PennyMac Mortgage Investment Trust | 18,753 | 364 | |
Curo Group Holdings Corp. | 20,121 | 329 | |
GCM Grosvenor Inc. Class A | 28,537 | 317 | |
Walker & Dunlop Inc. | 2,842 | 316 | |
* | CrossFirst Bankshares Inc. | 22,356 | 296 |
* | Blucora Inc. | 17,564 | 288 |
* | eHealth Inc. | 7,069 | 273 |
* | Axos Financial Inc. | 5,410 | 262 |
* | Columbia Financial Inc. | 14,264 | 257 |
Kearny Financial Corp. | 20,227 | 257 | |
FirstCash Inc. | 2,829 | 242 | |
Veritex Holdings Inc. | 6,540 | 235 | |
* | Marathon Digital Holdings Inc. | 5,603 | 227 |
Greenhill & Co. Inc. | 14,370 | 212 | |
James River Group Holdings Ltd. | 5,323 | 196 | |
Regional Management Corp. | 3,172 | 189 | |
Stock Yards Bancorp Inc. | 3,612 | 186 | |
* | Coastal Financial Corp. | 6,324 | 186 |
Pzena Investment Management Inc. Class A | 16,519 | 180 | |
Origin Bancorp Inc. | 3,674 | 151 | |
* | Ryan Specialty Group Holdings Inc. Class A | 4,066 | 134 |
* | NMI Holdings Inc. Class A | 5,495 | 124 |
GAMCO Investors Inc. Class A | 4,392 | 120 | |
* | Southern First Bancshares Inc. | 2,343 | 119 |
Lakeland Financial Corp. | 1,733 | 115 | |
FB Financial Corp. | 2,694 | 111 | |
Great Western Bancorp Inc. | 3,469 | 107 | |
Customers Bancorp Inc. | 2,568 | 106 | |
* | StoneX Group Inc. | 1,477 | 103 |
Metrocity Bankshares Inc. | 4,518 | 94 | |
West BanCorp. Inc | 2,783 | 85 | |
* | Bridgewater Bancshares Inc. | 4,524 | 74 |
Altabancorp | 1,277 | 53 | |
Five Star Bancorp | 1,954 | 47 |
Shares | Market Value• ($000) | ||
Value Line Inc. | 1,105 | 40 | |
* | Metropolitan Bank Holding Corp. | 501 | 39 |
RBB Bancorp | 1,522 | 39 | |
Angel Oak Mortgage Inc. | 2,206 | 39 | |
Investors Title Co. | 191 | 37 | |
Waterstone Financial Inc. | 1,731 | 35 | |
Hingham Institution for Savings | 59 | 19 | |
Heritage Insurance Holdings Inc. | 2,304 | 16 | |
Luther Burbank Corp. | 1,061 | 14 | |
* | U.S. Century Bank Class A | 391 | 5 |
75,817 | |||
Health Care (28.6%) | |||
* | Intellia Therapeutics Inc. | 66,285 | 10,641 |
* | STAAR Surgical Co. | 45,987 | 7,104 |
* | Shockwave Medical Inc. | 33,003 | 7,070 |
* | Arrowhead Pharmaceuticals Inc. | 99,136 | 6,654 |
* | Omnicell Inc. | 42,081 | 6,534 |
* | Inspire Medical Systems Inc. | 26,304 | 5,881 |
* | Halozyme Therapeutics Inc. | 137,832 | 5,788 |
* | Fate Therapeutics Inc. | 78,419 | 5,744 |
* | LHC Group Inc. | 29,867 | 5,578 |
* | NeoGenomics Inc. | 110,909 | 5,392 |
* | Twist Bioscience Corp. | 46,177 | 5,228 |
* | Medpace Holdings Inc. | 28,361 | 5,172 |
* | HealthEquity Inc. | 80,008 | 5,134 |
* | Beam Therapeutics Inc. | 45,950 | 5,097 |
* | Blueprint Medicines Corp. | 53,502 | 4,990 |
* | Alkermes plc | 156,872 | 4,904 |
* | Denali Therapeutics Inc. | 88,980 | 4,734 |
* | Biohaven Pharmaceutical Holding Co. Ltd. | 35,456 | 4,653 |
* | Neogen Corp. | 98,860 | 4,328 |
* | Editas Medicine Inc. Class A | 66,886 | 4,253 |
Ensign Group Inc. | 51,391 | 4,197 | |
* | Apellis Pharmaceuticals Inc. | 63,524 | 4,183 |
* | Nevro Corp. | 33,838 | 4,128 |
Select Medical Holdings Corp. | 108,073 | 3,736 | |
CONMED Corp. | 28,400 | 3,730 | |
* | Arvinas Inc. | 42,696 | 3,681 |
* | CareDx Inc. | 48,941 | 3,586 |
* | Bridgebio Pharma Inc. | 70,632 | 3,539 |
* | Progyny Inc. | 61,694 | 3,447 |
* | Livanova plc | 41,605 | 3,440 |
* | TG Therapeutics Inc. | 125,372 | 3,394 |
* | AtriCure Inc. | 43,815 | 3,226 |
* | Merit Medical Systems Inc. | 44,680 | 3,207 |
* | NuVasive Inc. | 50,664 | 3,148 |
* | Kodiak Sciences Inc. | 32,759 | 3,085 |
* | Axonics Inc. | 40,706 | 3,052 |
* | Allakos Inc. | 34,181 | 3,048 |
* | Vir Biotechnology Inc. | 58,793 | 3,030 |
* | Inovalon Holdings Inc. Class A | 73,881 | 3,018 |
* | PTC Therapeutics Inc. | 67,923 | 2,965 |
* | Amicus Therapeutics Inc. | 257,164 | 2,929 |
* | Insmed Inc. | 100,984 | 2,832 |
* | 1Life Healthcare Inc. | 114,035 | 2,795 |
* | Pacific Biosciences of California Inc. | 86,929 | 2,722 |
* | Inari Medical Inc. | 33,243 | 2,721 |
Shares | Market Value• ($000) | ||
* | Apollo Medical Holdings Inc. | 35,467 | 2,692 |
* | Phreesia Inc. | 37,281 | 2,667 |
* | Glaukos Corp. | 43,958 | 2,621 |
* | Karuna Therapeutics Inc. | 21,715 | 2,582 |
* | R1 RCM Inc. | 128,718 | 2,538 |
* | Pacira BioSciences Inc. | 42,704 | 2,532 |
* | Heska Corp. | 9,371 | 2,486 |
* | Reata Pharmaceuticals Inc. Class A | 23,338 | 2,486 |
* | Vericel Corp. | 45,470 | 2,463 |
* | Health Catalyst Inc. | 43,720 | 2,388 |
* | NanoString Technologies Inc. | 40,823 | 2,376 |
* | Accolade Inc. | 49,232 | 2,333 |
* | Cytokinetics Inc. | 70,480 | 2,324 |
* | Intra-Cellular Therapies Inc. | 69,135 | 2,295 |
* | Zentalis Pharmaceuticals Inc. | 32,520 | 2,218 |
* | Outset Medical Inc. | 44,742 | 2,205 |
Owens & Minor Inc. | 58,604 | 2,185 | |
*,1 | Sorrento Therapeutics Inc. | 241,043 | 2,169 |
* | SpringWorks Therapeutics Inc. | 28,557 | 2,145 |
*,1 | Cassava Sciences Inc. | 37,422 | 2,127 |
* | Haemonetics Corp. | 33,700 | 2,115 |
* | Dynavax Technologies Corp. | 105,760 | 2,058 |
* | ACADIA Pharmaceuticals Inc. | 117,046 | 2,049 |
* | Corcept Therapeutics Inc. | 94,586 | 2,013 |
* | Silk Road Medical Inc. | 33,173 | 1,966 |
* | Protagonist Therapeutics Inc. | 40,432 | 1,961 |
* | Cortexyme Inc. | 19,512 | 1,879 |
* | Xencor Inc. | 55,289 | 1,873 |
* | Ironwood Pharmaceuticals Inc. Class A | 142,058 | 1,861 |
* | Revance Therapeutics Inc. | 68,676 | 1,839 |
* | Ortho Clinical Diagnostics Holdings plc Class H | 86,554 | 1,769 |
* | Kymera Therapeutics Inc. | 28,270 | 1,757 |
* | Prothena Corp. plc | 25,645 | 1,721 |
* | Global Blood Therapeutics Inc. | 58,526 | 1,679 |
* | Berkeley Lights Inc. | 46,898 | 1,668 |
* | Relay Therapeutics Inc. | 51,017 | 1,634 |
*,1 | Senseonics Holdings Inc. | 406,282 | 1,629 |
*,1 | Bionano Genomics Inc. | 275,123 | 1,604 |
* | Codexis Inc. | 58,885 | 1,591 |
* | Celldex Therapeutics Inc. | 30,143 | 1,587 |
* | Quanterix Corp. | 30,184 | 1,541 |
* | Surgery Partners Inc. | 31,004 | 1,525 |
* | Alector Inc. | 56,342 | 1,523 |
* | Invitae Corp. | 50,368 | 1,492 |
* | Castle Biosciences Inc. | 19,149 | 1,469 |
U.S. Physical Therapy Inc. | 12,496 | 1,467 | |
* | CorVel Corp. | 8,620 | 1,421 |
* | BioLife Solutions Inc. | 23,870 | 1,393 |
* | Dicerna Pharmaceuticals Inc. | 67,331 | 1,386 |
* | iRhythm Technologies Inc. | 28,858 | 1,379 |
* | Cardiovascular Systems Inc. | 38,429 | 1,375 |
* | RadNet Inc. | 43,766 | 1,375 |
*,1 | Ocugen Inc. | 180,601 | 1,371 |
* | Joint Corp. | 13,379 | 1,367 |
* | C4 Therapeutics Inc. | 33,683 | 1,352 |
* | Avid Bioservices Inc. | 55,634 | 1,349 |
Shares | Market Value• ($000) | ||
* | Rocket Pharmaceuticals Inc. | 38,852 | 1,329 |
* | Community Health Systems Inc. | 105,731 | 1,302 |
* | Morphic Holding Inc. | 20,276 | 1,278 |
* | MEDNAX Inc. | 39,538 | 1,270 |
* | Translate Bio Inc. | 33,759 | 1,263 |
* | MacroGenics Inc. | 53,078 | 1,253 |
* | ALX Oncology Holdings Inc. | 17,342 | 1,214 |
* | Agenus Inc. | 192,782 | 1,189 |
* | Anavex Life Sciences Corp. | 60,694 | 1,183 |
* | Inogen Inc. | 19,111 | 1,131 |
* | Cerevel Therapeutics Holdings Inc. | 34,479 | 1,092 |
* | OptimizeRx Corp. | 16,472 | 1,090 |
*,1 | MiMedx Group Inc. | 72,582 | 1,071 |
* | Cerus Corp. | 164,485 | 1,061 |
* | Heron Therapeutics Inc. | 90,344 | 1,054 |
* | Y-mAbs Therapeutics Inc. | 34,182 | 1,052 |
* | Deciphera Pharmaceuticals Inc. | 33,173 | 1,045 |
* | Sangamo Therapeutics Inc. | 102,995 | 1,021 |
Healthcare Services Group Inc. | 38,493 | 1,007 | |
* | Generation Bio Co. | 40,199 | 1,005 |
* | Coherus Biosciences Inc. | 62,694 | 1,002 |
* | Pulmonx Corp. | 24,838 | 998 |
LeMaitre Vascular Inc. | 17,559 | 994 | |
*,1 | Omeros Corp. | 59,015 | 962 |
Atrion Corp. | 1,383 | 960 | |
* | Rubius Therapeutics Inc. | 44,098 | 958 |
*,1 | Vaxart Inc. | 106,201 | 950 |
* | OrthoPediatrics Corp. | 13,529 | 948 |
* | Tenet Healthcare Corp. | 12,532 | 944 |
* | Kadmon Holdings Inc. | 169,529 | 929 |
* | Madrigal Pharmaceuticals Inc. | 11,104 | 919 |
* | Mind Medicine Mindmed Inc. | 315,056 | 910 |
* | Scholar Rock Holding Corp. | 22,835 | 903 |
* | Nurix Therapeutics Inc. | 27,907 | 898 |
* | Alphatec Holdings Inc. | 61,946 | 897 |
* | FibroGen Inc. | 76,971 | 895 |
* | Intersect ENT Inc. | 32,565 | 886 |
* | Hanger Inc. | 36,671 | 876 |
* | Dermtech Inc. | 23,186 | 863 |
* | CryoLife Inc. | 32,766 | 860 |
* | Cutera Inc. | 17,204 | 856 |
* | Tactile Systems Technology Inc. | 18,747 | 834 |
* | TransMedics Group Inc. | 25,348 | 828 |
* | ViewRay Inc. | 133,252 | 805 |
* | Affimed NV | 113,524 | 799 |
* | Surmodics Inc. | 13,221 | 794 |
* | ModivCare Inc. | 4,020 | 793 |
* | Ocular Therapeutix Inc. | 74,994 | 792 |
* | Inhibrx Inc. | 27,303 | 779 |
* | PMV Pharmaceuticals Inc. | 25,655 | 779 |
* | SI-BONE Inc. | 31,421 | 767 |
* | Pennant Group Inc. | 25,065 | 766 |
* | Harmony Biosciences Holdings Inc. | 21,868 | 741 |
National Research Corp. | 13,653 | 737 | |
* | Humanigen Inc. | 43,864 | 727 |
* | Applied Molecular Transport Inc. | 24,048 | 723 |
* | Crinetics Pharmaceuticals Inc. | 30,248 | 713 |
Shares | Market Value• ($000) | ||
*,1 | BeyondSpring Inc. | 22,768 | 713 |
* | Collegium Pharmaceutical Inc. | 34,439 | 707 |
* | Phathom Pharmaceuticals Inc. | 19,824 | 706 |
* | Axsome Therapeutics Inc. | 27,189 | 698 |
* | Aclaris Therapeutics Inc. | 42,476 | 689 |
* | Tabula Rasa HealthCare Inc. | 21,975 | 688 |
* | PetIQ Inc. Class A | 25,813 | 670 |
* | Mersana Therapeutics Inc. | 47,356 | 660 |
* | Curis Inc. | 73,778 | 653 |
Patterson Cos. Inc. | 21,279 | 652 | |
* | REGENXBIO Inc. | 20,149 | 651 |
* | Antares Pharma Inc. | 163,376 | 644 |
* | Allogene Therapeutics Inc. | 26,799 | 639 |
* | Axogen Inc. | 37,302 | 636 |
* | Organogenesis Holdings Inc. Class A | 37,297 | 636 |
* | Rigel Pharmaceuticals Inc. | 167,048 | 635 |
* | Radius Health Inc. | 45,779 | 634 |
* | ImmunoGen Inc. | 103,567 | 627 |
* | Aerie Pharmaceuticals Inc. | 41,423 | 618 |
* | Vapotherm Inc. | 22,207 | 614 |
* | Sana Biotechnology Inc. | 24,838 | 596 |
* | Tivity Health Inc. | 25,351 | 589 |
* | Precision BioSciences Inc. | 46,472 | 584 |
* | Replimune Group Inc. | 18,304 | 581 |
*,1 | VBI Vaccines Inc. | 160,970 | 581 |
* | Addus HomeCare Corp. | 6,406 | 576 |
* | Rapt Therapeutics Inc. | 17,574 | 575 |
* | Privia Health Group Inc. | 19,172 | 572 |
* | IGM Biosciences Inc. | 7,887 | 562 |
* | Allovir Inc. | 28,850 | 555 |
* | Amneal Pharmaceuticals Inc. | 97,637 | 551 |
* | Oramed Pharmaceuticals Inc. | 26,145 | 515 |
* | Keros Therapeutics Inc. | 15,264 | 513 |
* | PAVmed Inc. | 68,970 | 503 |
* | BioAtla Inc. | 11,918 | 490 |
* | Stoke Therapeutics Inc. | 18,671 | 489 |
* | Precigen Inc. | 80,891 | 489 |
Phibro Animal Health Corp. Class A | 20,032 | 487 | |
* | VistaGen Therapeutics Inc. | 156,630 | 476 |
* | Avita Medical Inc. | 23,342 | 472 |
* | Agiliti Inc. | 22,102 | 471 |
*,1 | Clovis Oncology Inc. | 95,629 | 461 |
* | Alignment Healthcare Inc. | 25,756 | 455 |
* | Epizyme Inc. | 87,795 | 453 |
* | Shattuck Labs Inc. | 21,336 | 451 |
* | Aldeyra Therapeutics Inc. | 47,469 | 450 |
* | Akero Therapeutics Inc. | 18,960 | 450 |
* | Verastem Inc. | 168,590 | 447 |
* | Marinus Pharmaceuticals Inc. | 36,146 | 447 |
* | Bioxcel Therapeutics Inc. | 14,934 | 440 |
* | Seres Therapeutics Inc. | 68,074 | 436 |
* | Spero Therapeutics Inc. | 21,661 | 417 |
* | Intercept Pharmaceuticals Inc. | 27,407 | 409 |
* | Karyopharm Therapeutics Inc. | 70,394 | 408 |
* | Albireo Pharma Inc. | 13,135 | 401 |
* | KalVista Pharmaceuticals Inc. | 19,442 | 397 |
* | Theravance Biopharma Inc. | 47,341 | 393 |
Shares | Market Value• ($000) | ||
*,1 | Butterfly Network Inc. | 31,787 | 393 |
* | ChromaDex Corp. | 45,688 | 390 |
* | Pliant Therapeutics Inc. | 21,240 | 387 |
* | CytoSorbents Corp. | 40,294 | 386 |
* | Turning Point Therapeutics Inc. | 4,994 | 385 |
* | Prelude Therapeutics Inc. | 10,586 | 378 |
* | Eargo Inc. | 18,878 | 378 |
* | Evolent Health Inc. Class A | 15,233 | 374 |
* | Accuray Inc. | 90,465 | 368 |
*,1 | CEL-SCI Corp. | 31,654 | 367 |
* | Krystal Biotech Inc. | 6,280 | 364 |
* | Chimerix Inc. | 51,187 | 363 |
* | Multiplan Corp. | 60,505 | 363 |
* | Apyx Medical Corp. | 30,504 | 360 |
* | Taysha Gene Therapies Inc. | 18,024 | 358 |
* | Spectrum Pharmaceuticals Inc. | 151,299 | 356 |
* | Aveanna Healthcare Holdings Inc. | 37,721 | 356 |
* | Pulse Biosciences Inc. | 13,616 | 353 |
* | BioDelivery Sciences International Inc. | 91,205 | 352 |
* | Relmada Therapeutics Inc. | 14,695 | 351 |
* | Recursion Pharmaceuticals Inc. Class A | 13,863 | 350 |
* | Cue Biopharma Inc. | 29,110 | 349 |
* | ClearPoint Neuro Inc. | 18,407 | 347 |
* | Stereotaxis Inc. | 48,538 | 343 |
* | G1 Therapeutics Inc. | 22,583 | 341 |
* | Evelo Biosciences Inc. | 29,708 | 338 |
*,1 | Esperion Therapeutics Inc. | 25,667 | 334 |
* | Evolus Inc. | 31,557 | 334 |
* | ZIOPHARM Oncology Inc. | 205,034 | 334 |
* | Inotiv Inc. | 12,670 | 330 |
* | Forte Biosciences Inc. | 11,035 | 325 |
* | SIGA Technologies Inc. | 48,536 | 317 |
* | Aligos Therapeutics Inc. | 18,354 | 313 |
* | Durect Corp. | 221,555 | 308 |
* | MEI Pharma Inc. | 109,179 | 306 |
*,1 | Ampio Pharmaceuticals Inc. | 186,144 | 305 |
* | Arena Pharmaceuticals Inc. | 5,680 | 301 |
* | Sientra Inc. | 49,258 | 299 |
* | Vaxcyte Inc. | 11,235 | 295 |
* | Athersys Inc. | 169,024 | 284 |
* | BioCryst Pharmaceuticals Inc. | 17,747 | 283 |
* | Eagle Pharmaceuticals Inc. | 5,297 | 283 |
*,1 | TherapeuticsMD Inc. | 355,124 | 282 |
* | Flexion Therapeutics Inc. | 47,072 | 281 |
* | CytomX Therapeutics Inc. | 53,958 | 276 |
* | Infinity Pharmaceuticals Inc. | 76,989 | 273 |
* | Aspira Women's Health Inc. | 71,114 | 271 |
* | Harvard Bioscience Inc. | 32,747 | 270 |
* | 9 Meters Biopharma Inc. | 207,983 | 270 |
* | Nuvation Bio Inc. | 29,219 | 270 |
* | Treace Medical Concepts Inc. | 10,695 | 270 |
* | Innovage Holding Corp. | 17,912 | 269 |
* | SeaSpine Holdings Corp. | 15,714 | 264 |
* | Codiak Biosciences Inc. | 15,356 | 264 |
*,1 | 908 Devices Inc. | 7,317 | 263 |
* | iCAD Inc. | 21,407 | 258 |
* | InfuSystem Holdings Inc. | 18,137 | 258 |
* | Zynex Inc. | 19,022 | 255 |
* | Lantheus Holdings Inc. | 9,552 | 252 |
*,1 | UroGen Pharma Ltd. | 14,285 | 252 |
Shares | Market Value• ($000) | ||
* | Trillium Therapeutics Inc. | 14,538 | 250 |
* | Paratek Pharmaceuticals Inc. | 44,191 | 246 |
*,1 | Brooklyn ImmunoTherapeutics Inc. | 20,351 | 246 |
* | REVOLUTION Medicines Inc. | 8,189 | 238 |
* | Molecular Templates Inc. | 36,153 | 236 |
* | Outlook Therapeutics Inc. | 85,650 | 236 |
* | Puma Biotechnology Inc. | 31,235 | 236 |
* | Quotient Ltd. | 76,749 | 236 |
* | Ligand Pharmaceuticals Inc. | 1,754 | 232 |
* | Fortress Biotech Inc. | 70,054 | 230 |
* | Seer Inc. Class A | 5,712 | 228 |
* | WaVe Life Sciences Ltd. | 35,359 | 224 |
* | Fulgent Genetics Inc. | 2,440 | 223 |
*,1 | Retractable Technologies Inc. | 17,344 | 223 |
* | Amphastar Pharmaceuticals Inc. | 10,989 | 216 |
* | Oncocyte Corp. | 51,422 | 211 |
* | iRadimed Corp. | 6,195 | 209 |
* | GT Biopharma Inc. | 23,323 | 207 |
* | Applied Therapeutics Inc. | 13,046 | 205 |
* | Immunovant Inc. | 23,624 | 205 |
* | Accelerate Diagnostics Inc. | 32,274 | 202 |
* | Forian Inc. | 16,303 | 199 |
* | Soliton Inc. | 9,375 | 197 |
* | Akebia Therapeutics Inc. | 66,541 | 196 |
* | Acutus Medical Inc. | 15,189 | 194 |
* | Edgewise Therapeutics Inc. | 12,080 | 191 |
* | IVERIC bio Inc. | 17,822 | 188 |
* | Syndax Pharmaceuticals Inc. | 10,732 | 188 |
* | Athenex Inc. | 49,704 | 181 |
* | Tarsus Pharmaceuticals Inc. | 6,615 | 175 |
* | Summit Therapeutics Inc. | 21,993 | 175 |
* | Misonix Inc. | 6,818 | 173 |
* | Harpoon Therapeutics Inc. | 18,288 | 173 |
* | Celcuity Inc. | 7,797 | 172 |
* | Atea Pharmaceuticals Inc. | 5,690 | 169 |
* | Magenta Therapeutics Inc. | 26,130 | 167 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 13,089 | 165 |
* | Olema Pharmaceuticals Inc. | 5,505 | 165 |
* | Seelos Therapeutics Inc. | 74,211 | 163 |
* | Sesen Bio Inc. | 167,210 | 158 |
* | Greenwich Lifesciences Inc. | 3,948 | 158 |
* | Ideaya Biosciences Inc. | 6,587 | 155 |
* | Asensus Surgical Inc. | 70,497 | 155 |
* | Instil Bio Inc. | 7,921 | 149 |
* | Avalo Therapeutics Inc. | 48,200 | 149 |
* | Neuronetics Inc. | 21,891 | 147 |
* | Varex Imaging Corp. | 4,995 | 146 |
* | NeuroPace Inc. | 6,809 | 145 |
* | Syros Pharmaceuticals Inc. | 27,239 | 144 |
* | Verrica Pharmaceuticals Inc. | 12,680 | 142 |
* | Apria Inc. | 3,562 | 127 |
* | Lexicon Pharmaceuticals Inc. | 26,695 | 126 |
* | KemPharm Inc. | 13,590 | 126 |
* | Design Therapeutics Inc. | 7,668 | 121 |
* | Clene Inc. | 15,013 | 120 |
* | Akoya Biosciences Inc. | 7,474 | 119 |
* | MannKind Corp. | 24,651 | 118 |
* | Biomea Fusion Inc. | 8,431 | 118 |
Shares | Market Value• ($000) | ||
* | Enanta Pharmaceuticals Inc. | 2,025 | 116 |
* | Avidity Biosciences Inc. | 5,091 | 116 |
* | Innoviva Inc. | 7,197 | 110 |
* | Alpine Immune Sciences Inc. | 11,347 | 108 |
* | Biodesix Inc. | 12,005 | 108 |
*,1 | Kala Pharmaceuticals Inc. | 31,627 | 107 |
* | Kaleido Biosciences Inc. | 16,759 | 103 |
* | Atara Biotherapeutics Inc. | 6,787 | 102 |
* | Ontrak Inc. | 8,420 | 102 |
* | Bioventus Inc. Class A | 6,896 | 100 |
* | Kronos Bio Inc. | 4,559 | 95 |
* | Meridian Bioscience Inc. | 4,667 | 94 |
* | Ardelyx Inc. | 62,781 | 89 |
* | ORIC Pharmaceuticals Inc. | 4,042 | 89 |
* | Doximity Inc. Class A | 966 | 89 |
* | Werewolf Therapeutics Inc. | 4,961 | 88 |
* | Cogent Biosciences Inc. | 10,354 | 86 |
* | SOC Telemed Inc. Class A | 31,597 | 86 |
* | Impel Neuropharma Inc. | 4,516 | 86 |
* | Rain Therapeutics Inc. | 4,887 | 86 |
* | Travere Thrapeutics Inc. | 3,809 | 83 |
* | ImmunityBio Inc. | 7,328 | 83 |
* | Hookipa Pharma Inc. | 11,353 | 78 |
* | Terns Pharmaceuticals Inc. | 5,731 | 77 |
* | Landos Biopharma Inc. | 5,753 | 76 |
* | Vincerx Pharma Inc. | 4,588 | 72 |
* | Trevena Inc. | 53,864 | 71 |
* | Viracta Therapeutics Inc. | 7,696 | 71 |
* | Talaris Therapeutics Inc. | 5,839 | 68 |
* | Neoleukin Therapeutics Inc. | 8,047 | 66 |
* | NGM Biopharmaceuticals Inc. | 2,958 | 65 |
* | Sutro Biopharma Inc. | 2,886 | 63 |
* | NexImmune Inc. | 4,195 | 59 |
* | Angion Biomedica Corp. | 5,308 | 58 |
* | Personalis Inc. | 2,687 | 57 |
* | Arcutis Biotherapeutics Inc. | 2,708 | 57 |
* | ChemoCentryx Inc. | 3,531 | 56 |
* | Verve Therapeutics Inc. | 738 | 52 |
* | Fluidigm Corp. | 6,716 | 48 |
* | Exagen Inc. | 3,374 | 48 |
* | Reneo Pharmaceuticals Inc. | 4,132 | 46 |
* | Monte Rosa Therapeutics Inc. | 1,138 | 41 |
* | UFP Technologies Inc. | 575 | 40 |
* | Praxis Precision Medicines Inc. | 1,957 | 39 |
* | Adagio Therapeutics Inc. | 1,149 | 39 |
* | Selecta Biosciences Inc. | 8,793 | 38 |
* | Mirum Pharmaceuticals Inc. | 2,368 | 38 |
* | Foghorn Therapeutics Inc. | 2,854 | 37 |
* | Nuvalent Inc. Class A | 1,015 | 37 |
* | Bright Health Group Inc. | 3,878 | 36 |
* | Eliem Therapeutics Inc. | 1,398 | 36 |
* | Viemed Healthcare Inc. | 5,461 | 35 |
Utah Medical Products Inc. | 374 | 33 | |
* | NantHealth Inc. | 14,333 | 32 |
* | Caribou Biosciences Inc. | 1,135 | 31 |
* | 4D Molecular Therapeutics Inc. | 992 | 30 |
* | Atossa Therapeutics Inc. | 8,011 | 30 |
* | Prometheus Biosciences Inc. | 1,308 | 29 |
* | Immuneering Corp. Class A | 1,133 | 28 |
* | Arbutus Biopharma Corp. | 7,837 | 27 |
Shares | Market Value• ($000) | ||
* | Day One Biopharmaceuticals Inc. | 920 | 26 |
* | CorMedix Inc. | 3,503 | 23 |
* | MeiraGTx Holdings plc | 1,829 | 23 |
* | Cullinan Oncology Inc. | 828 | 23 |
* | Tenaya Therapeutics Inc. | 1,160 | 23 |
* | RxSight Inc. | 1,459 | 22 |
* | Cytek Biosciences Inc. | 950 | 22 |
* | Lyell Immunopharma Inc. | 1,303 | 21 |
* | Convey Holding Parent Inc. | 2,274 | 20 |
*,2 | Alder Biopharmaceuticals Inc. CVR | 20,196 | 18 |
*,1,2 | Tobira Therapeutics Inc. CVR | 3,989 | 18 |
* | Gemini Therapeutics Inc. | 3,737 | 18 |
*,1 | Vor BioPharma Inc. | 1,084 | 16 |
* | Kinnate Biopharma Inc. | 666 | 15 |
* | Portage Biotech Inc. | 718 | 15 |
* | Cyteir Therapeutics Inc. | 806 | 15 |
* | Icosavax Inc. | 367 | 14 |
* | Omega Therapeutics Inc. | 755 | 14 |
* | XOMA Corp. | 412 | 13 |
* | Alpha Teknova Inc. | 681 | 13 |
*,1 | Rani Therapeutics Holdings Inc. Class A | 709 | 13 |
* | Sight Sciences Inc. | 455 | 13 |
* | TScan Therapeutics Inc. | 1,433 | 13 |
* | Imago Biosciences Inc. | 453 | 12 |
* | Sera Prognostics Inc. Class A | 1,160 | 12 |
* | Janux Therapeutics Inc. | 329 | 11 |
* | Erasca Inc. | 446 | 11 |
* | CVRx Inc. | 540 | 10 |
* | LifeStance Health Group Inc. | 653 | 10 |
* | Ikena Oncology Inc. | 678 | 9 |
* | Vera Therapeutics Inc. | 585 | 9 |
* | Candel Therapeutics Inc. | 1,139 | 9 |
* | Oyster Point Pharma Inc. | 598 | 8 |
* | Singular Genomics Systems Inc. | 459 | 8 |
* | Century Therapeutics Inc. | 340 | 8 |
* | Elevation Oncology Inc. | 686 | 8 |
* | Absci Corp. | 404 | 8 |
* | Codex DNA Inc. | 567 | 7 |
* | Graphite Bio Inc. | 344 | 7 |
* | In8bio Inc. | 1,087 | 7 |
* | Rallybio Corp. | 489 | 6 |
* | Rapid Micro Biosystems Inc. Class A | 337 | 6 |
* | Finch Therapeutics Group Inc. | 388 | 5 |
* | Sigilon Therapeutics Inc. | 593 | 4 |
* | Aerovate Therapeutics Inc. | 83 | 1 |
*,2 | Synergy Pharmaceuticals Inc. | 124,654 | — |
*,2 | Progenics Pharmaceuticals Inc. CVR | 71,640 | — |
*,2 | Prevail Therapeutics Inc. CVR | 58 | — |
424,944 | |||
Industrials (15.0%) | |||
Tetra Tech Inc. | 52,753 | 7,588 | |
* | Saia Inc. | 25,949 | 6,231 |
Exponent Inc. | 50,791 | 5,937 | |
* | WillScot Mobile Mini Holdings Corp. | 182,800 | 5,411 |
Shares | Market Value• ($000) | ||
* | AMN Healthcare Services Inc. | 46,106 | 5,234 |
Maximus Inc. | 59,998 | 5,225 | |
* | ASGN Inc. | 45,451 | 5,099 |
Simpson Manufacturing Co. Inc. | 42,615 | 4,822 | |
John Bean Technologies Corp. | 30,698 | 4,479 | |
* | Atkore Inc. | 45,970 | 4,265 |
* | Chart Industries Inc. | 21,470 | 4,045 |
* | ExlService Holdings Inc. | 32,130 | 3,956 |
Insperity Inc. | 35,539 | 3,921 | |
Franklin Electric Co. Inc. | 45,343 | 3,853 | |
Rexnord Corp. | 61,958 | 3,765 | |
Brink's Co. | 47,609 | 3,721 | |
* | ACI Worldwide Inc. | 115,411 | 3,720 |
* | TriNet Group Inc. | 39,651 | 3,651 |
Terex Corp. | 66,937 | 3,417 | |
Applied Industrial Technologies Inc. | 37,957 | 3,371 | |
* | Herc Holdings Inc. | 24,412 | 3,209 |
Badger Meter Inc. | 28,562 | 3,059 | |
* | Itron Inc. | 36,330 | 3,052 |
* | Welbilt Inc. | 127,897 | 2,993 |
* | Bloom Energy Corp. Class A | 136,210 | 2,918 |
Installed Building Products Inc. | 23,209 | 2,882 | |
* | Masonite International Corp. | 24,010 | 2,874 |
AAON Inc. | 41,015 | 2,794 | |
EVERTEC Inc. | 59,255 | 2,741 | |
Comfort Systems USA Inc. | 34,879 | 2,650 | |
Helios Technologies Inc. | 31,625 | 2,581 | |
Watts Water Technologies Inc. Class A | 15,039 | 2,580 | |
* | Vicor Corp. | 20,640 | 2,546 |
* | CryoPort Inc. | 39,669 | 2,522 |
Aerojet Rocketdyne Holdings Inc. | 58,288 | 2,420 | |
Federal Signal Corp. | 58,926 | 2,394 | |
Kadant Inc. | 11,265 | 2,356 | |
Forward Air Corp. | 26,588 | 2,344 | |
* | O-I Glass Inc. | 154,575 | 2,339 |
* | AeroVironment Inc. | 21,989 | 2,251 |
* | SPX Corp. | 35,685 | 2,230 |
* | Beacon Roofing Supply Inc. | 40,885 | 2,105 |
*,1 | Nikola Corp. | 196,144 | 2,046 |
Raven Industries Inc. | 34,885 | 2,036 | |
* | Verra Mobility Corp. Class A | 131,167 | 2,034 |
TTEC Holdings Inc. | 18,086 | 1,907 | |
Hillenbrand Inc. | 40,359 | 1,873 | |
Patrick Industries Inc. | 22,220 | 1,813 | |
* | Dycom Industries Inc. | 23,831 | 1,795 |
CSW Industrials Inc. | 13,386 | 1,778 | |
* | Cimpress plc | 17,162 | 1,630 |
Lindsay Corp. | 9,625 | 1,586 | |
Shyft Group Inc. | 33,851 | 1,490 | |
Enerpac Tool Group Corp. Class A | 59,095 | 1,487 | |
* | Ferro Corp. | 66,796 | 1,389 |
* | Meritor Inc. | 58,388 | 1,385 |
* | Allegheny Technologies Inc. | 75,896 | 1,356 |
Tennant Co. | 18,048 | 1,335 | |
Alamo Group Inc. | 8,577 | 1,330 | |
* | Danimer Scientific Inc. | 67,255 | 1,314 |
Pitney Bowes Inc. | 172,056 | 1,285 |
Shares | Market Value• ($000) | ||
* | MYR Group Inc. | 12,048 | 1,253 |
Kforce Inc. | 20,080 | 1,173 | |
* | Evo Payments Inc. Class A | 45,873 | 1,167 |
McGrath RentCorp. | 16,374 | 1,143 | |
* | Montrose Environmental Group Inc. | 21,885 | 1,094 |
H&E Equipment Services Inc. | 31,452 | 1,071 | |
* | Construction Partners Inc. Class A | 27,868 | 933 |
* | Aspen Aerogels Inc. | 21,129 | 924 |
* | WESCO International Inc. | 7,711 | 902 |
* | JELD-WEN Holding Inc. | 32,716 | 901 |
* | Cornerstone Building Brands Inc. | 53,579 | 890 |
Douglas Dynamics Inc. | 22,088 | 878 | |
* | Energy Recovery Inc. | 41,238 | 843 |
Macquarie Infrastructure Corp. | 20,886 | 832 | |
* | Paya Holdings Inc. Class A | 80,391 | 776 |
* | Repay Holdings Corp. Class A | 33,132 | 762 |
* | SP Plus Corp. | 22,648 | 734 |
* | Gibraltar Industries Inc. | 9,211 | 688 |
* | Kratos Defense & Security Solutions Inc. | 27,005 | 668 |
* | Forterra Inc. | 28,476 | 656 |
* | CIRCOR International Inc. | 18,014 | 644 |
EMCOR Group Inc. | 5,235 | 636 | |
HB Fuller Co. | 9,194 | 621 | |
* | FARO Technologies Inc. | 8,892 | 613 |
* | I3 Verticals Inc. Class A | 20,216 | 584 |
* | Cantaloupe Inc. | 57,015 | 584 |
* | PGT Innovations Inc. | 27,135 | 576 |
* | International Money Express Inc. | 31,309 | 571 |
* | Napco Security Technologies Inc. | 14,171 | 555 |
* | GreenSky Inc. Class A | 68,631 | 546 |
CRA International Inc. | 5,852 | 544 | |
* | Desktop Metal Inc. Class A | 64,679 | 537 |
* | Resideo Technologies Inc. | 16,553 | 534 |
* | Franklin Covey Co. | 12,187 | 530 |
* | Forrester Research Inc. | 11,031 | 525 |
* | BTRS Holdings Inc. | 46,366 | 506 |
* | BlueLinx Holdings Inc. | 8,776 | 505 |
* | Lydall Inc. | 7,666 | 475 |
*,1 | PureCycle Technologies Inc. | 32,219 | 474 |
Albany International Corp. Class A | 6,018 | 471 | |
* | Transcat Inc. | 6,911 | 468 |
* | PAE Inc. | 68,504 | 458 |
* | Velodyne Lidar Inc. | 69,141 | 456 |
* | IES Holdings Inc. | 8,475 | 414 |
EnerSys | 4,605 | 390 | |
* | Daseke Inc. | 41,086 | 388 |
Myers Industries Inc. | 16,481 | 376 | |
Allied Motion Technologies Inc. | 10,547 | 365 | |
Heidrick & Struggles International Inc. | 8,128 | 351 | |
Werner Enterprises Inc. | 7,200 | 340 | |
* | Atlanticus Holdings Corp. | 5,243 | 337 |
* | ShotSpotter Inc. | 8,283 | 330 |
* | Proto Labs Inc. | 4,347 | 322 |
* | Luna Innovations Inc. | 29,777 | 321 |
* | NV5 Global Inc. | 3,010 | 318 |
* | Willdan Group Inc. | 8,239 | 312 |
Shares | Market Value• ($000) | ||
* | Byrna Technologies Inc. | 10,377 | 304 |
* | Vivint Smart Home Inc. | 23,838 | 291 |
* | Echo Global Logistics Inc. | 8,727 | 287 |
* | Green Dot Corp. Class A | 5,311 | 277 |
SPX FLOW Inc. | 3,375 | 272 | |
Luxfer Holdings plc | 11,942 | 255 | |
* | Lawson Products Inc. | 4,648 | 245 |
* | Iteris Inc. | 40,784 | 232 |
*,1 | Eos Energy Enterprises Inc. | 17,186 | 222 |
* | Rekor Systems Inc. | 20,018 | 219 |
Chase Corp. | 1,884 | 216 | |
* | Textainer Group Holdings Ltd. | 6,335 | 210 |
Greif Inc. Class A | 3,303 | 209 | |
CAI International Inc. | 3,514 | 197 | |
* | Hyliion Holdings Corp. | 22,013 | 194 |
ESCO Technologies Inc. | 2,096 | 189 | |
Mueller Water Products Inc. Class A | 11,225 | 187 | |
* | Ranpak Holdings Corp. Class A | 5,813 | 178 |
* | Blue Bird Corp. | 7,750 | 168 |
* | OSI Systems Inc. | 1,701 | 168 |
* | GreenBox POS | 16,998 | 166 |
*,1 | AgEagle Aerial Systems Inc. | 41,652 | 147 |
* | EVI Industries Inc. | 5,895 | 143 |
Gorman-Rupp Co. | 4,050 | 142 | |
Universal Logistics Holdings Inc. | 6,463 | 141 | |
* | Huron Consulting Group Inc. | 2,522 | 125 |
* | Commercial Vehicle Group Inc. | 11,604 | 122 |
* | Sterling Construction Co. Inc. | 5,132 | 118 |
* | Babcock & Wilcox Enterprises Inc. | 16,081 | 117 |
*,1 | Workhorse Group Inc. | 11,243 | 110 |
* | Infrastructure and Energy Alternatives Inc. | 8,316 | 107 |
* | Karat Packaging Inc. | 4,479 | 105 |
Cass Information Systems Inc. | 2,263 | 102 | |
* | IBEX Holdings Ltd. | 5,547 | 100 |
* | Cross Country Healthcare Inc. | 4,542 | 99 |
Hirequest Inc. | 4,391 | 81 | |
Greif Inc. Class B | 1,141 | 70 | |
* | Modine Manufacturing Co. | 5,394 | 67 |
* | Target Hospitality Corp. | 16,682 | 66 |
* | Titan International Inc. | 7,812 | 65 |
REV Group Inc. | 3,960 | 64 | |
* | Core & Main Inc. Class A | 2,210 | 61 |
Dorian LPG Ltd. | 4,508 | 60 | |
* | Donnelley Financial Solutions Inc. | 1,733 | 58 |
Insteel Industries Inc. | 1,570 | 58 | |
Wabash National Corp. | 3,679 | 57 | |
* | TaskUS Inc. Class A | 820 | 52 |
* | Priority Technology Holdings Inc. | 8,361 | 50 |
* | First Advantage Corp. | 1,974 | 45 |
Kronos Worldwide Inc. | �� 3,198 | 42 | |
* | Custom Truck One Source Inc. | 4,074 | 35 |
* | Atlas Technical Consultants Inc. | 2,554 | 26 |
* | ExOne Co. | 1,035 | 25 |
Shares | Market Value• ($000) | ||
Miller Industries Inc. | 641 | 24 | |
* | Yellow Corp. | 3,828 | 23 |
* | Legalzoom.com Inc. | 610 | 21 |
U.S. Lime & Minerals Inc. | 106 | 15 | |
* | PAM Transportation Services Inc. | 408 | 14 |
* | CS Disco Inc. | 219 | 11 |
* | Flywire Corp. | 167 | 7 |
* | BM Technologies Inc. (XASE) | 325 | 3 |
* | Paymentus Holdings Inc. Class A | 133 | 3 |
223,152 | |||
Other (0.0%)3 | |||
*,2 | Aduro Biotech Inc. CVR | 9,451 | 6 |
*,1,2 | GTX Inc. CVR | 530 | — |
*,2 | NewStar Financial Inc. CVR | 2,171 | — |
6 | |||
Real Estate (3.0%) | |||
EastGroup Properties Inc. | 38,891 | 7,011 | |
* | Redfin Corp. | 99,508 | 4,833 |
National Storage Affiliates Trust | 76,599 | 4,385 | |
* | Ryman Hospitality Properties Inc. | 48,365 | 4,018 |
Innovative Industrial Properties Inc. | 12,124 | 2,981 | |
eXp World Holdings Inc. | 60,702 | 2,783 | |
PS Business Parks Inc. | 16,680 | 2,623 | |
QTS Realty Trust Inc. Class A | 28,297 | 2,207 | |
* | Cushman & Wakefield plc | 114,800 | 2,083 |
Newmark Group Inc. Class A | 145,985 | 1,988 | |
St. Joe Co. | 32,597 | 1,508 | |
Safehold Inc. | 11,839 | 1,061 | |
UMH Properties Inc. | 33,685 | 798 | |
Community Healthcare Trust Inc. | 14,579 | 707 | |
* | Outfront Media Inc. | 28,359 | 702 |
Universal Health Realty Income Trust | 11,587 | 686 | |
Alexander's Inc. | 2,095 | 558 | |
Saul Centers Inc. | 10,683 | 492 | |
Tanger Factory Outlet Centers Inc. | 26,897 | 450 | |
* | Rafael Holdings Inc. Class B | 9,533 | 399 |
CatchMark Timber Trust Inc. Class A | 33,780 | 390 | |
Gladstone Land Corp. | 14,604 | 344 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 4,543 | 274 | |
NexPoint Residential Trust Inc. | 3,950 | 256 | |
Monmouth Real Estate Investment Corp. | 13,201 | 251 | |
Indus Realty Trust Inc. | 3,278 | 230 | |
Gladstone Commercial Corp. | 9,873 | 223 | |
* | Fathom Holdings Inc. | 5,041 | 144 |
* | Marcus & Millichap Inc. | 2,541 | 100 |
* | Forestar Group Inc. | 4,314 | 90 |
Clipper Realty Inc. | 10,579 | 89 | |
RMR Group Inc. Class A | 1,516 | 70 | |
American Finance Trust Inc. | 5,831 | 50 | |
Phillips Edison & Co. Inc. | 947 | 29 |
Shares | Market Value• ($000) | ||
* | Bridge Investment Group Holdings Inc. Class A | 789 | 15 |
44,828 | |||
Technology (20.3%) | |||
* | Lattice Semiconductor Corp. | 132,752 | 8,247 |
* | Varonis Systems Inc. Class B | 103,594 | 7,149 |
* | Silicon Laboratories Inc. | 43,442 | 6,847 |
* | Synaptics Inc. | 34,520 | 6,551 |
* | Rapid7 Inc. | 53,735 | 6,530 |
Power Integrations Inc. | 59,060 | 6,416 | |
* | II-VI Inc. | 95,046 | 5,986 |
* | J2 Global Inc. | 42,512 | 5,854 |
* | Workiva Inc. Class A | 41,101 | 5,765 |
* | Blackline Inc. | 52,473 | 5,725 |
* | MicroStrategy Inc. Class A | 7,679 | 5,331 |
* | Novanta Inc. | 34,510 | 5,288 |
* | Sprout Social Inc. Class A | 43,209 | 5,254 |
* | Upwork Inc. | 114,082 | 5,101 |
* | Asana Inc. Class A | 66,478 | 5,022 |
* | Digital Turbine Inc. | 82,638 | 4,830 |
* | SPS Commerce Inc. | 35,286 | 4,782 |
KBR Inc. | 121,033 | 4,713 | |
* | Q2 Holdings Inc. | 53,480 | 4,711 |
* | Semtech Corp. | 63,268 | 4,424 |
Kulicke & Soffa Industries Inc. | 59,894 | 4,204 | |
* | Sailpoint Technologies Holdings Inc. | 88,556 | 4,150 |
* | Appian Corp. Class A | 38,475 | 4,124 |
* | Mimecast Ltd. | 58,330 | 4,072 |
* | LivePerson Inc. | 62,674 | 4,017 |
* | Cerence Inc. | 37,014 | 4,014 |
* | Envestnet Inc. | 49,740 | 3,973 |
* | Tenable Holdings Inc. | 88,743 | 3,937 |
* | Qualys Inc. | 33,346 | 3,914 |
* | Alarm.com Holdings Inc. | 46,249 | 3,900 |
* | Perficient Inc. | 31,841 | 3,796 |
CMC Materials Inc. | 28,578 | 3,790 | |
* | Box Inc. Class A | 144,026 | 3,713 |
* | MaxLinear Inc. | 68,424 | 3,574 |
* | Ambarella Inc. | 34,189 | 3,541 |
* | Cornerstone OnDemand Inc. | 61,607 | 3,530 |
* | Rogers Corp. | 16,090 | 3,418 |
Advanced Energy Industries Inc. | 37,636 | 3,394 | |
* | PagerDuty Inc. | 78,961 | 3,380 |
* | CommVault Systems Inc. | 41,291 | 3,343 |
* | Blackbaud Inc. | 47,333 | 3,299 |
* | 3D Systems Corp. | 108,306 | 3,297 |
* | Altair Engineering Inc. Class A | 44,394 | 3,285 |
* | Fabrinet | 31,097 | 3,204 |
* | Diodes Inc. | 32,970 | 3,192 |
* | Magnite Inc. | 102,736 | 2,981 |
* | MACOM Technology Solutions Holdings Inc. Class H | 47,636 | 2,892 |
* | Cargurus Inc. | 90,840 | 2,760 |
* | BigCommerce Holdings Inc. Series 1 | 45,960 | 2,736 |
* | Sitime Corp. | 12,587 | 2,679 |
* | Schrodinger Inc. | 44,321 | 2,645 |
Shutterstock Inc. | 22,886 | 2,638 | |
* | FormFactor Inc. | 66,562 | 2,588 |
Shares | Market Value• ($000) | ||
* | Yelp Inc. Class A | 65,716 | 2,531 |
* | Momentive Global Inc. | 125,317 | 2,457 |
* | Domo Inc. Class B | 26,956 | 2,413 |
* | Bandwidth Inc. Class A | 22,292 | 2,294 |
*,1 | MicroVision Inc. | 154,876 | 2,281 |
* | Plexus Corp. | 24,510 | 2,251 |
* | Cloudera Inc. | 138,091 | 2,200 |
* | Appfolio Inc. Class A | 18,325 | 2,164 |
* | TechTarget Inc. | 24,949 | 2,110 |
Progress Software Corp. | 43,000 | 2,002 | |
* | Ultra Clean Holdings Inc. | 42,550 | 1,967 |
* | JFrog Ltd. | 50,469 | 1,940 |
* | Zuora Inc. Class A | 102,610 | 1,742 |
* | PROS Holdings Inc. | 39,098 | 1,691 |
* | Sumo Logic Inc. | 79,794 | 1,664 |
* | Avaya Holdings Corp. | 80,734 | 1,628 |
* | Axcelis Technologies Inc. | 32,584 | 1,620 |
* | PAR Technology Corp. | 23,197 | 1,576 |
* | Yext Inc. | 108,630 | 1,469 |
* | Cohu Inc. | 40,697 | 1,452 |
* | Eventbrite Inc. Class A | 73,417 | 1,298 |
* | Insight Enterprises Inc. | 11,931 | 1,228 |
* | Unisys Corp. | 50,540 | 1,224 |
* | nLight Inc. | 41,910 | 1,157 |
* | Onto Innovation Inc. | 15,009 | 1,113 |
* | Upland Software Inc. | 27,972 | 1,090 |
* | Impinj Inc. | 18,257 | 1,064 |
* | CEVA Inc. | 22,034 | 1,063 |
* | Model N Inc. | 31,219 | 1,059 |
* | Agilysys Inc. | 16,616 | 944 |
* | Mitek Systems Inc. | 41,037 | 918 |
* | Avid Technology Inc. | 35,364 | 913 |
QAD Inc. Class A | 10,207 | 888 | |
Sapiens International Corp. NV | 30,239 | 863 | |
* | Grid Dynamics Holdings Inc. | 29,934 | 801 |
* | Ichor Holdings Ltd. | 17,719 | 785 |
* | Diebold Nixdorf Inc. | 70,362 | 766 |
* | DigitalOcean Holdings Inc. | 11,920 | 735 |
CSG Systems International Inc. | 14,879 | 717 | |
* | Tucows Inc. Class A | 9,204 | 682 |
* | A10 Networks Inc. | 48,941 | 680 |
* | SMART Global Holdings Inc. | 13,888 | 673 |
* | OneSpan Inc. | 34,437 | 664 |
Simulations Plus Inc. | 14,954 | 662 | |
American Software Inc. Class A | 23,565 | 598 | |
* | Veritone Inc. | 27,779 | 580 |
Amkor Technology Inc. | 20,757 | 570 | |
* | Telos Corp. | 16,884 | 557 |
* | Rackspace Technology Inc. | 37,934 | 530 |
* | ChannelAdvisor Corp. | 20,128 | 516 |
* | Alpha & Omega Semiconductor Ltd. | 16,925 | 492 |
* | Atomera Inc. | 19,859 | 490 |
* | Groupon Inc. Class A | 19,489 | 483 |
* | Brightcove Inc. | 39,332 | 447 |
* | Kopin Corp. | 75,909 | 446 |
Hackett Group Inc. | 22,502 | 441 | |
* | Mediaalpha Inc. Class A | 18,616 | 413 |
* | Rimini Street Inc. | 42,855 | 409 |
* | Zix Corp. | 52,312 | 405 |
Vishay Intertechnology Inc. | 18,004 | 396 | |
* | EverQuote Inc. Class A | 18,476 | 364 |
Shares | Market Value• ($000) | ||
* | Digimarc Corp. | 12,342 | 361 |
* | Identiv Inc. | 18,772 | 333 |
* | Bottomline Technologies DE Inc. | 7,519 | 318 |
NVE Corp. | 4,412 | 310 | |
* | Porch Group Inc. | 15,513 | 310 |
* | Intelligent Systems Corp. | 7,195 | 278 |
CTS Corp. | 6,962 | 244 | |
*,1 | Ouster Inc. | 28,397 | 239 |
* | SkyWater Technology Inc. | 7,083 | 236 |
* | Benefitfocus Inc. | 17,941 | 217 |
* | Alkami Technology Inc. | 6,359 | 182 |
* | Viant Technology Inc. Class A | 10,816 | 149 |
* | ON24 Inc. | 5,731 | 130 |
* | eGain Corp. | 9,423 | 111 |
* | GAN Ltd. | 4,164 | 71 |
* | EMCORE Corp. | 5,322 | 40 |
* | SentinelOne Inc. Class A | 610 | 39 |
* | Kimball Electronics Inc. | 1,230 | 30 |
* | Clear Secure Inc. Class A | 607 | 28 |
* | Intapp Inc. | 548 | 20 |
* | Sprinklr Inc. Class A | 1,158 | 18 |
* | Couchbase Inc. | 340 | 17 |
* | Confluent Inc. Class A | 259 | 14 |
* | MeridianLink Inc. | 581 | 14 |
* | Zeta Global Holdings Corp. Class A | 1,429 | 10 |
* | 1stdibs.com Inc. | 457 | 7 |
* | Paycor HCM Inc. | 127 | 5 |
* | Xometry Inc. Class A | 62 | 4 |
* | EverCommerce Inc. | 184 | 4 |
* | Procore Technologies Inc. | 27 | 2 |
* | Blend Labs Inc. Class A | 127 | 2 |
301,825 | |||
Telecommunications (2.4%) | |||
* | Iridium Communications Inc. | 88,278 | 3,929 |
* | fuboTV Inc. | 128,623 | 3,749 |
* | Vonage Holdings Corp. | 236,427 | 3,334 |
* | Viavi Solutions Inc. | 198,497 | 3,234 |
Cogent Communications Holdings Inc. | 41,722 | 3,028 | |
* | 8x8 Inc. | 104,120 | 2,515 |
* | Calix Inc. | 44,234 | 2,061 |
* | Vocera Communications Inc. | 33,389 | 1,619 |
* | Infinera Corp. | 174,015 | 1,474 |
* | Extreme Networks Inc. | 120,753 | 1,308 |
* | Globalstar Inc. | 519,033 | 1,033 |
InterDigital Inc. | 12,137 | 875 | |
* | ORBCOMM Inc. | 73,020 | 839 |
* | WideOpenWest Inc. | 32,313 | 686 |
* | IDT Corp. Class B | 14,427 | 627 |
Loral Space & Communications Inc. | 12,551 | 527 | |
* | Clearfield Inc. | 11,142 | 505 |
Shenandoah Telecommunications Co. | 16,032 | 478 | |
* | Akoustis Technologies Inc. | 42,001 | 417 |
* | Plantronics Inc. | 13,910 | 414 |
* | CalAmp Corp. | 34,110 | 387 |
* | Cambium Networks Corp. | 8,765 | 329 |
* | Cincinnati Bell Inc. | 20,515 | 318 |
* | Ooma Inc. | 12,331 | 234 |
* | Casa Systems Inc. | 30,691 | 216 |
* | Anterix Inc. | 3,269 | 193 |
Shares | Market Value• ($000) | ||
* | Harmonic Inc. | 16,125 | 149 |
* | Inseego Corp. | 17,191 | 144 |
* | DZS Inc. | 7,014 | 97 |
ADTRAN Inc. | 3,204 | 66 | |
* | Gogo Inc. | 4,117 | 55 |
* | Kaltura Inc. | 1,695 | 19 |
34,859 | |||
Utilities (1.1%) | |||
* | Evoqua Water Technologies Corp. | 113,195 | 4,406 |
* | Casella Waste Systems Inc. Class A | 44,326 | 3,280 |
Covanta Holding Corp. | 117,220 | 2,350 | |
American States Water Co. | 18,747 | 1,729 | |
Middlesex Water Co. | 6,281 | 687 | |
Clearway Energy Inc. Class C | 19,633 | 616 | |
* | Harsco Corp. | 32,340 | 590 |
* | Sunnova Energy International Inc. | 12,380 | 448 |
York Water Co. | 7,825 | 403 | |
Clearway Energy Inc. Class A | 9,135 | 272 | |
* | Pure Cycle Corp. | 16,695 | 250 |
Global Water Resources Inc. | 12,357 | 247 | |
* | Heritage-Crystal Clean Inc. | 5,926 | 175 |
* | Sharps Compliance Corp. | 14,049 | 126 |
* | U.S. Ecology Inc. | 3,410 | 122 |
Via Renewables Inc. Class A | 10,662 | 119 | |
* | Cadiz Inc. | 1,251 | 17 |
15,837 | |||
Total Common Stocks (Cost $1,084,947) | 1,486,629 | ||
Face Amount ($000) | |||
Corporate Bonds (0.0%) | |||
GAMCO Investors Inc. 4.000%, 10/30/21 (Cost $9) | 9 | 9 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (2.2%) | |||
Money Market Fund (2.2%) | |||
4,5 | Vanguard Market Liquidity Fund, 0.068% (Cost $32,642) | 326,452 | 32,645 |
Total Investments (102.2%) (Cost $1,117,598) | 1,519,283 | ||
Other Assets and Liabilities—Net (-2.2%) | (32,473) | ||
Net Assets (100%) | 1,486,810 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $31,366,000. |
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 $32,692,000 was received for securities on loan, of which $32,645,000 is held in Vanguard Market Liquidity Fund and $47,000 is held in cash. |
CVR—Contingent Value Rights. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini Russell 2000 Index | September 2021 | 33 | 3,747 | 33 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $1,084,956) | 1,486,638 |
Affiliated Issuers (Cost $32,642) | 32,645 |
Total Investments in Securities | 1,519,283 |
Investment in Vanguard | 49 |
Cash | 47 |
Cash Collateral Pledged—Futures Contracts | 155 |
Receivables for Investment Securities Sold | 1,509 |
Receivables for Accrued Income | 378 |
Variation Margin Receivable—Futures Contracts | 5 |
Total Assets | 1,521,426 |
Liabilities | |
Due to Custodian | 1,670 |
Payables for Investment Securities Purchased | 10 |
Collateral for Securities on Loan | 32,692 |
Payables for Capital Shares Redeemed | 173 |
Payables to Vanguard | 71 |
Total Liabilities | 34,616 |
Net Assets | 1,486,810 |
At August 31, 2021, net assets consisted of: | |
Paid-in Capital | 1,232,334 |
Total Distributable Earnings (Loss) | 254,476 |
Net Assets | 1,486,810 |
ETF Shares—Net Assets | |
Applicable to 3,300,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 734,722 |
Net Asset Value Per Share—ETF Shares | $222.64 |
Institutional Shares—Net Assets | |
Applicable to 1,773,133 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 752,088 |
Net Asset Value Per Share—Institutional Shares | $424.16 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends | 6,214 |
Interest1 | 4 |
Securities Lending—Net | 1,109 |
Total Income | 7,327 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 198 |
Management and Administrative—ETF Shares | 728 |
Management and Administrative—Institutional Shares | 368 |
Marketing and Distribution—ETF Shares | 20 |
Marketing and Distribution—Institutional Shares | 20 |
Custodian Fees | 86 |
Auditing Fees | 29 |
Shareholders’ Reports—ETF Shares | 31 |
Shareholders’ Reports—Institutional Shares | 6 |
Trustees’ Fees and Expenses | — |
Total Expenses | 1,486 |
Net Investment Income | 5,841 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 120,100 |
Futures Contracts | 321 |
Realized Net Gain (Loss) | 120,421 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 203,995 |
Futures Contracts | 35 |
Change in Unrealized Appreciation (Depreciation) | 204,030 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 330,292 |
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 less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $91,628,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 5,841 | 6,415 |
Realized Net Gain (Loss) | 120,421 | (588) |
Change in Unrealized Appreciation (Depreciation) | 204,030 | 128,519 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 330,292 | 134,346 |
Distributions | ||
ETF Shares | (2,369) | (2,623) |
Institutional Shares | (3,418) | (4,011) |
Total Distributions | (5,787) | (6,634) |
Capital Share Transactions | ||
ETF Shares | 230,394 | 19,622 |
Institutional Shares | 61,405 | (50,074) |
Net Increase (Decrease) from Capital Share Transactions | 291,799 | (30,452) |
Total Increase (Decrease) | 616,304 | 97,260 |
Net Assets | ||
Beginning of Period | 870,506 | 773,246 |
End of Period | 1,486,810 | 870,506 |
ETF Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $164.83 | $141.63 | $160.12 | $123.26 | $106.98 |
Investment Operations | |||||
Net Investment Income1 | .839 | 1.097 | .971 | .895 | .961 |
Net Realized and Unrealized Gain (Loss) on Investments | 57.852 | 23.237 | (18.527) | 36.791 | 16.455 |
Total from Investment Operations | 58.691 | 24.334 | (17.556) | 37.686 | 17.416 |
Distributions | |||||
Dividends from Net Investment Income | (.881) | (1.134) | (.934) | (.826) | (1.136) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.881) | (1.134) | (.934) | (.826) | (1.136) |
Net Asset Value, End of Period | $222.64 | $164.83 | $141.63 | $160.12 | $123.26 |
Total Return | 35.67% | 17.32% | -10.97% | 30.69% | 16.39% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $735 | $371 | $301 | $328 | $194 |
Ratio of Total Expenses to Average Net Assets | 0.15% | 0.15% | 0.15% | 0.20% | 0.20% |
Ratio of Net Investment Income to Average Net Assets | 0.40% | 0.75% | 0.68% | 0.64% | 0.83% |
Portfolio Turnover Rate2 | 47% | 38% | 28% | 35% | 34% |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $314.01 | $269.76 | $305.04 | $234.80 | $203.79 |
Investment Operations | |||||
Net Investment Income1 | 1.912 | 2.275 | 2.021 | 2.026 | 2.102 |
Net Realized and Unrealized Gain (Loss) on Investments | 110.162 | 44.269 | (35.267) | 70.080 | 31.338 |
Total from Investment Operations | 112.074 | 46.544 | (33.246) | 72.106 | 33.440 |
Distributions | |||||
Dividends from Net Investment Income | (1.924) | (2.294) | (2.034) | (1.866) | (2.430) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (1.924) | (2.294) | (2.034) | (1.866) | (2.430) |
Net Asset Value, End of Period | $424.16 | $314.01 | $269.76 | $305.04 | $234.80 |
Total Return | 35.77% | 17.42% | -10.91% | 30.85% | 16.53% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $752 | $500 | $472 | $545 | $370 |
Ratio of Total Expenses to Average Net Assets | 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% |
Portfolio Turnover Rate2 | 47% | 38% | 28% | 35% | 34% |
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 | 1,486,587 | — | 42 | 1,486,629 |
Corporate Bonds | — | 9 | — | 9 |
Temporary Cash Investments | 32,645 | — | — | 32,645 |
Total | 1,519,232 | 9 | 42 | 1,519,283 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 33 | — | — | 33 |
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. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for in-kind redemptions and passive foreign investment companies were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 91,597 |
Total Distributable Earnings (Loss) | (91,597) |
Amount ($000) | |
Undistributed Ordinary Income | 2,050 |
Undistributed Long-Term Gains | — |
Capital Loss Carryforwards | (147,811) |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 400,237 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 5,787 | 6,634 |
Long-Term Capital Gains | — | — |
Total | 5,787 | 6,634 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 1,119,046 |
Gross Unrealized Appreciation | 487,984 |
Gross Unrealized Depreciation | (87,747) |
Net Unrealized Appreciation (Depreciation) | 400,237 |
E. | During the year ended August 31, 2021, the fund purchased $1,062,826,000 of investment securities and sold $769,411,000 of investment securities, other than temporary cash investments. Purchases and sales include $388,427,000 and $163,387,000, 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: |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 399,369 | 1,800 | 172,356 | 1,175 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (168,975) | (750) | (152,734) | (1,050) | |
Net Increase (Decrease)—ETF Shares | 230,394 | 1,050 | 19,622 | 125 | |
Institutional Shares | |||||
Issued | 170,590 | 475 | 152,291 | 545 | |
Issued in Lieu of Cash Distributions | 3,267 | 9 | 4,001 | 15 | |
Redeemed | (112,452) | (302) | (206,366) | (720) | |
Net Increase (Decrease)—Institutional Shares | 61,405 | 182 | (50,074) | (160) |
G. | Management has determined that no events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Philadelphia, Pennsylvania
October 20, 2021
Fund | ($000) |
Russell 2000 Index Fund | 33,803 |
Russell 2000 Value Index Fund | 8,852 |
Russell 2000 Growth Index Fund | 4,755 |
Fund | ($000) |
Russell 2000 Index Fund | 7,104 |
Russell 2000 Value Index Fund | 1,935 |
Russell 2000 Growth Index Fund | 361 |
Fund | Percentage |
Russell 2000 Index Fund | 67.5% |
Russell 2000 Value Index Fund | 69.9 |
Russell 2000 Growth Index Fund | 80.3 |
Matthew Benchener | Chris D. Mclsaac |
Joseph Brennan | Thomas M. Rampulla |
Mortimer J. Buckley | Karin A. Risi |
Gregory Davis | Anne E. Robinson |
John James | Michael Rollings |
John T. Marcante | Lauren Valente |
All rights reserved.
U.S. Patent Nos. 6,879,964 and 7,720,749.
Vanguard Marketing Corporation, Distributor.
Your Fund’s Performance at a Glance | 1 |
About Your Fund’s Expenses | 2 |
Performance Summary | 4 |
Financial Statements | 7 |
Trustees Approve Advisory Arrangement | 48 |
Liquidity Risk Management | 50 |
• | Vanguard Russell 3000 Index Fund, which represents the broad U.S. stock market, returned 32.90% for ETF Shares (based on net asset value) and 32.94% for Institutional Shares for the 12 months ended August 31, 2021. The fund’s returns closely tracked its target index. |
• | The global economy rebounded more quickly than many expected after the sharp pandemic-induced contraction in the spring of 2020. Countries that were more successful in containing the virus generally fared better economically. Swift and extensive fiscal and monetary support from policymakers was also key to the rebound. Stocks rose broadly during the 12 months under review following their sharp downturn at the start of the pandemic. |
• | Mid- and small-capitalization stocks outperformed their large-cap counterparts for the period, and value stocks surpassed growth. |
• | Performance was in double digits across all industry sectors. Technology, the fund’s largest sector, increased more than 36% and contributed most to returns. Financial and industrial stocks were also top contributors. |
• | The relative laggards by sector were utilities, basic materials, telecommunications, and consumer staples, though each had returns of more than 14%. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||
One Year | Three Years | Five Years | |
Stocks | |||
Russell 1000 Index (Large-caps) | 32.25% | 18.42% | 18.24% |
Russell 2000 Index (Small-caps) | 47.08 | 10.75 | 14.38 |
Russell 3000 Index (Broad U.S. market) | 33.04 | 17.85 | 17.97 |
FTSE All-World ex US Index (International) | 25.74 | 9.82 | 10.23 |
Bonds | |||
Bloomberg U.S. Aggregate Bond Index (Broad taxable market) | -0.08% | 5.43% | 3.11% |
Bloomberg Municipal Bond Index (Broad tax-exempt market) | 3.40 | 5.09 | 3.30 |
FTSE Three-Month U.S. Treasury Bill Index | 0.06 | 1.20 | 1.13 |
CPI | |||
Consumer Price Index | 5.25% | 2.76% | 2.58% |
• | 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 August 31, 2021 | |||
Beginning Account Value 2/28/2021 | Ending Account Value 8/31/2021 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Russell 3000 Index Fund | |||
ETF Shares | $1,000.00 | $1,172.00 | $0.55 |
Institutional Shares | 1,000.00 | 1,172.10 | 0.44 |
Based on Hypothetical 5% Yearly Return | |||
Russell 3000 Index Fund | |||
ETF Shares | $1,000.00 | $1,024.70 | $0.51 |
Institutional Shares | 1,000.00 | 1,024.80 | 0.41 |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Year | Ten Years | Final Value of a $10,000 Investment | ||
Russell 3000 Index Fund ETF Shares Net Asset Value | 32.90% | 17.84% | 16.04% | $44,263 | |
Russell 3000 Index Fund ETF Shares Market Price | 32.87 | 17.84 | 16.04 | 44,265 | |
Russell 3000 Index | 33.04 | 17.97 | 16.20 | 44,872 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.16 | 44,721 |
One Year | Five Years | Ten Years | Final Value of a $5,000,000 Investment | ||
Russell 3000 Index Fund Institutional Shares | 32.94% | 17.89% | 16.11% | $22,263,384 | |
Russell 3000 Index | 33.04 | 17.97 | 16.20 | 22,435,790 | |
Dow Jones U.S. Total Stock Market Float Adjusted Index | 33.32 | 17.95 | 16.16 | 22,360,680 |
One Year | Five Years | Ten Years | |
Russell 3000 Index Fund ETF Shares Market Price | 32.87% | 127.25% | 342.65% |
Russell 3000 Index Fund ETF Shares Net Asset Value | 32.90 | 127.21 | 342.63 |
Russell 3000 Index | 33.04 | 128.45 | 348.72 |
Basic Materials | 1.7% |
Consumer Discretionary | 15.7 |
Consumer Staples | 4.6 |
Energy | 2.5 |
Financials | 11.2 |
Health Care | 13.2 |
Industrials | 13.6 |
Real Estate | 3.5 |
Technology | 28.2 |
Telecommunications | 3.1 |
Utilities | 2.7 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.6%) | |||
Basic Materials (1.7%) | |||
Air Products and Chemicals Inc. | 10,890 | 2,935 | |
Ecolab Inc. | 12,326 | 2,778 | |
Freeport-McMoRan Inc. | 72,331 | 2,632 | |
Dow Inc. | 37,182 | 2,339 | |
Newmont Corp. | 39,484 | 2,290 | |
International Flavors & Fragrances Inc. | 12,293 | 1,862 | |
Nucor Corp. | 14,882 | 1,750 | |
Fastenal Co. | 28,417 | 1,587 | |
Albemarle Corp. | 5,682 | 1,345 | |
LyondellBasell Industries NV Class A | 12,849 | 1,289 | |
International Paper Co. | 19,126 | 1,149 | |
Avery Dennison Corp. | 4,113 | 927 | |
Celanese Corp. Class A | 5,629 | 893 | |
Eastman Chemical Co. | 6,650 | 753 | |
Steel Dynamics Inc. | 9,809 | 662 | |
FMC Corp. | 6,434 | 602 | |
Mosaic Co. | 16,877 | 543 | |
* | Cleveland-Cliffs Inc. | 22,302 | 523 |
CF Industries Holdings Inc. | 10,440 | 474 | |
Reliance Steel & Aluminum Co. | 3,101 | 465 | |
* | Alcoa Corp. | 9,095 | 404 |
Royal Gold Inc. | 3,212 | 358 | |
Olin Corp. | 7,001 | 349 | |
U.S. Steel Corp. | 13,031 | 349 | |
Scotts Miracle-Gro Co. | 2,005 | 314 | |
* | RBC Bearings Inc. | 1,199 | 278 |
Huntsman Corp. | 10,282 | 272 | |
Chemours Co. | 8,012 | 269 | |
Valvoline Inc. | 8,842 | 267 | |
Element Solutions Inc. | 11,281 | 256 | |
Southern Copper Corp. | 4,045 | 253 | |
Ashland Global Holdings Inc. | 2,706 | 247 | |
* | Hexcel Corp. | 4,049 | 230 |
Timken Co. | 3,121 | 230 | |
Avient Corp. | 4,342 | 226 | |
Balchem Corp. | 1,545 | 217 | |
UFP Industries Inc. | 2,871 | 216 | |
* | Univar Solutions Inc. | 8,132 | 192 |
W R Grace & Co. | 2,749 | 191 | |
Commercial Metals Co. | 5,725 | 187 | |
* | Arconic Corp. | 5,320 | 184 |
Sensient Technologies Corp. | 2,023 | 176 | |
* | Livent Corp. | 7,037 | 175 |
Shares | Market Value• ($000) | ||
Quaker Chemical Corp. | 654 | 169 | |
Hecla Mining Co. | 25,886 | 159 | |
* | Ingevity Corp. | 1,915 | 154 |
Cabot Corp. | 2,667 | 142 | |
Westlake Chemical Corp. | 1,585 | 138 | |
* | Domtar Corp. | 2,421 | 133 |
Minerals Technologies Inc. | 1,562 | 123 | |
* | Amyris Inc. | 8,056 | 121 |
Compass Minerals International Inc. | 1,759 | 118 | |
Mueller Industries Inc. | 2,635 | 118 | |
Stepan Co. | 1,006 | 118 | |
* | Constellium SE Class A | 5,857 | 118 |
* | MP Materials Corp. | 3,516 | 118 |
Tronox Holdings plc Class A | 5,527 | 117 | |
NewMarket Corp. | 324 | 113 | |
Boise Cascade Co. | 1,881 | 109 | |
Innospec Inc. | 1,155 | 108 | |
Worthington Industries Inc. | 1,747 | 101 | |
GrafTech International Ltd. | 8,575 | 95 | |
Kaiser Aluminum Corp. | 749 | 95 | |
Trinseo SA | 1,820 | 95 | |
* | Coeur Mining Inc. | 12,245 | 86 |
* | Novagold Resources Inc. | 11,682 | 84 |
Carpenter Technology Corp. | 2,278 | 76 | |
Materion Corp. | 1,020 | 75 | |
* | Kraton Corp. | 1,665 | 70 |
Schnitzer Steel Industries Inc. Class A | 1,312 | 62 | |
* | GCP Applied Technologies Inc. | 2,487 | 59 |
Schweitzer-Mauduit International Inc. | 1,524 | 58 | |
* | Orion Engineered Carbons SA | 3,061 | 54 |
* | AdvanSix Inc. | 1,447 | 53 |
Neenah Inc. | 886 | 45 | |
* | Energy Fuels Inc. | 7,411 | 40 |
Glatfelter Corp. | 2,353 | 37 | |
* | Koppers Holdings Inc. | 1,075 | 35 |
Hawkins Inc. | 908 | 34 | |
Ecovyst Inc. | 2,589 | 34 | |
* | U.S. Silica Holdings Inc. | 3,811 | 33 |
* | Century Aluminum Co. | 2,407 | 31 |
* | TimkenSteel Corp. | 2,289 | 31 |
Verso Corp. Class A | 1,573 | 30 | |
Haynes International Inc. | 700 | 28 | |
* | Uranium Energy Corp. | 10,720 | 27 |
American Vanguard Corp. | 1,629 | 25 |
Shares | Market Value• ($000) | ||
Omega Flex Inc. | 167 | 25 | |
* | Gatos Silver Inc. | 1,747 | 25 |
* | Clearwater Paper Corp. | 748 | 24 |
* | Rayonier Advanced Materials Inc. | 3,372 | 24 |
Ryerson Holding Corp. | 795 | 18 | |
* | Alto Ingredients Inc. | 3,615 | 18 |
Tredegar Corp. | 1,263 | 17 | |
* | Unifi Inc. | 712 | 17 |
Olympic Steel Inc. | 514 | 14 | |
* | Intrepid Potash Inc. | 457 | 14 |
* | Meta Materials Inc. | 3,109 | 14 |
* | Ur-Energy Inc. | 9,152 | 12 |
* | Zymergen Inc. | 946 | 12 |
FutureFuel Corp. | 1,191 | 10 | |
* | NN Inc. | 1,893 | 10 |
* | Northwest Pipe Co. | 399 | 10 |
* | Marrone Bio Innovations Inc. | 6,510 | 7 |
* | Perpetua Resources Corp. | 1,339 | 7 |
Valhi Inc. | 229 | 5 | |
* | Polymet Mining Corp. | 1,458 | 5 |
37,595 | |||
Consumer Discretionary (15.6%) | |||
* | Amazon.com Inc. | 21,381 | 74,209 |
* | Tesla Inc. | 38,227 | 28,124 |
Home Depot Inc. | 52,972 | 17,278 | |
* | Walt Disney Co. | 89,505 | 16,227 |
* | Netflix Inc. | 21,257 | 12,099 |
Walmart Inc. | 70,607 | 10,457 | |
NIKE Inc. Class B | 61,077 | 10,062 | |
Costco Wholesale Corp. | 21,814 | 9,936 | |
McDonald's Corp. | 36,757 | 8,728 | |
Lowe's Cos. Inc. | 35,399 | 7,218 | |
Starbucks Corp. | 58,017 | 6,816 | |
Target Corp. | 24,496 | 6,050 | |
* | Booking Holdings Inc. | 2,020 | 4,645 |
TJX Cos. Inc. | 59,433 | 4,322 | |
Estee Lauder Cos. Inc. Class A | 11,280 | 3,841 | |
* | General Motors Co. | 68,055 | 3,335 |
Activision Blizzard Inc. | 38,114 | 3,139 | |
* | Uber Technologies Inc. | 79,568 | 3,114 |
* | Chipotle Mexican Grill Inc. Class A | 1,392 | 2,649 |
Dollar General Corp. | 11,844 | 2,640 | |
eBay Inc. | 33,666 | 2,584 | |
* | Ford Motor Co. | 193,131 | 2,517 |
* | Lululemon Athletica Inc. | 5,625 | 2,251 |
Electronic Arts Inc. | 14,169 | 2,058 | |
Ross Stores Inc. | 17,298 | 2,048 | |
* | Aptiv plc | 13,365 | 2,034 |
* | O'Reilly Automotive Inc. | 3,397 | 2,018 |
Yum! Brands Inc. | 14,732 | 1,930 | |
* | Marriott International Inc. Class A | 13,533 | 1,829 |
* | Trade Desk Inc. Class A | 21,274 | 1,703 |
* | Hilton Worldwide Holdings Inc. | 13,578 | 1,695 |
* | AutoZone Inc. | 1,092 | 1,692 |
* | Spotify Technology SA | 6,694 | 1,569 |
DR Horton Inc. | 16,274 | 1,556 | |
* | Copart Inc. | 10,339 | 1,492 |
* | Southwest Airlines Co. | 28,990 | 1,443 |
Best Buy Co. Inc. | 12,248 | 1,427 | |
* | Etsy Inc. | 6,190 | 1,339 |
* | Peloton Interactive Inc. Class A | 13,123 | 1,315 |
Shares | Market Value• ($000) | ||
* | Delta Air Lines Inc. | 32,414 | 1,311 |
Lennar Corp. Class A | 12,158 | 1,305 | |
Garmin Ltd. | 7,418 | 1,294 | |
Yum China Holdings Inc. | 20,622 | 1,270 | |
* | Carvana Co. Class A | 3,771 | 1,237 |
VF Corp. | 16,155 | 1,235 | |
ViacomCBS Inc. Class B | 29,255 | 1,213 | |
Tractor Supply Co. | 5,629 | 1,093 | |
* | Wayfair Inc. Class A | 3,681 | 1,033 |
* | Dollar Tree Inc. | 11,348 | 1,027 |
* | Ulta Beauty Inc. | 2,636 | 1,021 |
* | Carnival Corp. | 41,590 | 1,004 |
* | CarMax Inc. | 7,975 | 999 |
* | Expedia Group Inc. | 6,910 | 999 |
* | Caesars Entertainment Inc. | 9,754 | 991 |
Domino's Pizza Inc. | 1,901 | 983 | |
* | Burlington Stores Inc. | 3,246 | 972 |
Darden Restaurants Inc. | 6,379 | 961 | |
Pool Corp. | 1,913 | 946 | |
* | AMC Entertainment Holdings Inc. Class A | 19,803 | 933 |
* | Take-Two Interactive Software Inc. | 5,590 | 901 |
* | Royal Caribbean Cruises Ltd. | 10,690 | 884 |
* | DraftKings Inc. Class A | 14,854 | 881 |
* | NVR Inc. | 168 | 870 |
Bath & Body Works Inc. | 12,698 | 857 | |
MGM Resorts International | 19,910 | 849 | |
Genuine Parts Co. | 6,909 | 844 | |
Omnicom Group Inc. | 10,718 | 785 | |
Interpublic Group of Cos. Inc. | 20,173 | 751 | |
* | United Airlines Holdings Inc. | 15,822 | 736 |
* | Las Vegas Sands Corp. | 16,151 | 721 |
* | LKQ Corp. | 13,662 | 720 |
PulteGroup Inc. | 12,851 | 692 | |
Williams-Sonoma Inc. | 3,657 | 683 | |
Whirlpool Corp. | 3,001 | 665 | |
* | Lyft Inc. Class A | 13,707 | 653 |
Advance Auto Parts Inc. | 3,208 | 651 | |
* | GameStop Corp. Class A | 2,891 | 631 |
* | American Airlines Group Inc. | 31,193 | 622 |
* | Penn National Gaming Inc. | 7,624 | 618 |
Hasbro Inc. | 6,256 | 615 | |
Fox Corp. Class A | 16,412 | 614 | |
* | Floor & Decor Holdings Inc. Class A | 4,972 | 613 |
* | Vail Resorts Inc. | 1,951 | 595 |
* | RH | 839 | 588 |
* | Deckers Outdoor Corp. | 1,368 | 572 |
* | Chegg Inc. | 6,843 | 569 |
* | Live Nation Entertainment Inc. | 6,557 | 569 |
* | Five Below Inc. | 2,671 | 568 |
* | Tapestry Inc. | 13,626 | 549 |
* | Wynn Resorts Ltd. | 5,170 | 526 |
* | Liberty Media Corp.-Liberty Formula One Class C | 10,078 | 509 |
Service Corp. International | 8,008 | 503 | |
BorgWarner Inc. (XNYS) | 11,705 | 500 | |
Newell Brands Inc. | 18,630 | 473 | |
Lithia Motors Inc. Class A | 1,421 | 471 | |
Lear Corp. | 2,931 | 469 | |
* | Norwegian Cruise Line Holdings Ltd. | 17,982 | 465 |
* | Crocs Inc. | 3,141 | 449 |
Kohl's Corp. | 7,678 | 441 | |
Rollins Inc. | 11,178 | 435 |
Shares | Market Value• ($000) | ||
Dick's Sporting Goods Inc. | 3,080 | 434 | |
* | Zynga Inc. Class A | 48,821 | 432 |
* | Bright Horizons Family Solutions Inc. | 2,954 | 431 |
News Corp. Class A | 19,078 | 429 | |
* | SiteOne Landscape Supply Inc. | 2,146 | 429 |
* | Discovery Inc. Class C | 14,989 | 414 |
* | YETI Holdings Inc. | 4,168 | 414 |
New York Times Co. Class A | 8,077 | 410 | |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 8,233 | 406 |
* | Capri Holdings Ltd. | 7,152 | 404 |
Tempur Sealy International Inc. | 8,879 | 397 | |
Aramark | 11,176 | 389 | |
Churchill Downs Inc. | 1,807 | 380 | |
* | BJ's Wholesale Club Holdings Inc. | 6,623 | 375 |
Nielsen Holdings plc | 17,443 | 374 | |
Gentex Corp. | 11,917 | 367 | |
* | PVH Corp. | 3,452 | 362 |
* | Mattel Inc. | 16,852 | 360 |
Wyndham Hotels & Resorts Inc. | 4,837 | 352 | |
* | IAA Inc. | 6,603 | 351 |
Polaris Inc. | 2,926 | 350 | |
Toll Brothers Inc. | 5,437 | 348 | |
* | Alaska Air Group Inc. | 6,027 | 346 |
* | Macy's Inc. | 15,155 | 339 |
* | Scientific Games Corp. Class A | 4,654 | 337 |
* | Planet Fitness Inc. Class A | 4,085 | 332 |
* | Skechers USA Inc. Class A | 6,401 | 323 |
Texas Roadhouse Inc. Class A | 3,401 | 323 | |
* | Fox Factory Holding Corp. | 2,056 | 316 |
Hanesbrands Inc. | 16,854 | 315 | |
Leggett & Platt Inc. | 6,481 | 314 | |
* | Marriott Vacations Worldwide Corp. | 2,031 | 304 |
Nexstar Media Group Inc. Class A | 1,993 | 298 | |
Thor Industries Inc. | 2,608 | 296 | |
Harley-Davidson Inc. | 7,393 | 292 | |
AMERCO | 438 | 290 | |
* | Stamps.com Inc. | 877 | 288 |
* | Helen of Troy Ltd. | 1,192 | 285 |
* | Victoria's Secret & Co. | 4,232 | 281 |
Sirius XM Holdings Inc. | 43,790 | 275 | |
* | AutoNation Inc. | 2,480 | 271 |
Ralph Lauren Corp. Class A | 2,320 | 269 | |
Gap Inc. | 9,808 | 262 | |
* | Terminix Global Holdings Inc. | 6,264 | 261 |
Wingstop Inc. | 1,455 | 250 | |
Foot Locker Inc. | 4,362 | 247 | |
* | Boyd Gaming Corp. | 4,003 | 246 |
* | Discovery Inc. Class A | 8,459 | 244 |
* | National Vision Holdings Inc. | 3,960 | 238 |
* | JetBlue Airways Corp. | 15,422 | 233 |
Fox Corp. Class B | 6,696 | 232 | |
* | Sonos Inc. | 5,818 | 231 |
* | Ollie's Bargain Outlet Holdings Inc. | 3,167 | 229 |
Travel + Leisure Co. | 4,120 | 226 | |
American Eagle Outfitters Inc. | 7,376 | 225 | |
* | Avis Budget Group Inc. | 2,465 | 224 |
Shares | Market Value• ($000) | ||
H&R Block Inc. | 8,747 | 224 | |
* | Under Armour Inc. Class A | 9,658 | 224 |
Carter's Inc. | 2,113 | 216 | |
* | Goodyear Tire & Rubber Co. | 13,402 | 212 |
KB Home | 4,851 | 209 | |
Papa John's International Inc. | 1,601 | 204 | |
Choice Hotels International Inc. | 1,704 | 203 | |
* | Meritage Homes Corp. | 1,799 | 201 |
Columbia Sportswear Co. | 1,958 | 200 | |
Qurate Retail Inc. Series A | 18,128 | 200 | |
Wendy's Co. | 8,672 | 200 | |
Signet Jewelers Ltd. | 2,523 | 200 | |
Rent-A-Center Inc. | 3,159 | 199 | |
* | Grand Canyon Education Inc. | 2,219 | 198 |
Lennar Corp. Class B | 2,226 | 195 | |
Murphy USA Inc. | 1,206 | 187 | |
TEGNA Inc. | 10,526 | 187 | |
* | Under Armour Inc. Class C | 9,135 | 183 |
* | frontdoor Inc. | 4,148 | 181 |
* | Hilton Grand Vacations Inc. | 4,102 | 179 |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 3,622 | 179 |
* | Adient plc | 4,543 | 179 |
* | Asbury Automotive Group Inc. | 917 | 171 |
* | Sabre Corp. | 15,197 | 171 |
* | LGI Homes Inc. | 1,055 | 169 |
LCI Industries | 1,183 | 168 | |
* | Taylor Morrison Home Corp. Class A | 5,935 | 167 |
* | TripAdvisor Inc. | 4,783 | 167 |
Cracker Barrel Old Country Store Inc. | 1,132 | 163 | |
* | Madison Square Garden Sports Corp. | 904 | 163 |
Dana Inc. | 6,886 | 160 | |
* | Six Flags Entertainment Corp. | 3,768 | 159 |
Steven Madden Ltd. | 3,906 | 158 | |
* | Callaway Golf Co. | 5,596 | 157 |
* | Shake Shack Inc. Class A | 1,807 | 157 |
* | Skyline Champion Corp. | 2,506 | 157 |
* | Nordstrom Inc. | 5,362 | 153 |
PROG Holdings Inc. | 3,242 | 153 | |
Herman Miller Inc. | 3,515 | 148 | |
* | Overstock.com Inc. | 2,053 | 148 |
* | Bed Bath & Beyond Inc. | 5,304 | 146 |
* | Hyatt Hotels Corp. Class A | 1,925 | 142 |
MDC Holdings Inc. | 2,708 | 142 | |
* | Visteon Corp. | 1,345 | 142 |
Wolverine World Wide Inc. | 3,936 | 141 | |
* | Allegiant Travel Co. | 728 | 140 |
* | Cardlytics Inc. | 1,547 | 140 |
Penske Automotive Group Inc. | 1,556 | 140 | |
* | Coty Inc. Class A | 14,216 | 139 |
Group 1 Automotive Inc. | 837 | 138 | |
* | Red Rock Resorts Inc. Class A | 2,921 | 137 |
Kontoor Brands Inc. | 2,484 | 134 | |
* | Tri Pointe Homes Inc. | 5,584 | 133 |
* | iHeartMedia Inc. Class A | 5,350 | 133 |
* | Gentherm Inc. | 1,541 | 132 |
* | Academy Sports & Outdoors Inc. | 2,953 | 131 |
News Corp. Class B | 5,858 | 129 |
Shares | Market Value• ($000) | ||
* | Leslie's Inc. | 5,269 | 127 |
* | 2U Inc. | 3,374 | 125 |
* | QuantumScape Corp. Class A | 5,676 | 125 |
* | Boot Barn Holdings Inc. | 1,383 | 123 |
* | SeaWorld Entertainment Inc. | 2,446 | 120 |
* | Dorman Products Inc. | 1,264 | 119 |
* | Stitch Fix Inc. Class A | 2,850 | 119 |
John Wiley & Sons Inc. Class A | 2,047 | 119 | |
* | Brinker International Inc. | 2,176 | 116 |
Jack in the Box Inc. | 1,094 | 116 | |
* | Spirit Airlines Inc. | 4,693 | 115 |
* | Vista Outdoor Inc. | 2,821 | 115 |
Winnebago Industries Inc. | 1,632 | 114 | |
* | Copa Holdings SA Class A | 1,517 | 114 |
* | Bloomin' Brands Inc. | 4,216 | 113 |
Graham Holdings Co. Class B | 181 | 112 | |
World Wrestling Entertainment Inc. Class A | 2,146 | 112 | |
* | Cavco Industries Inc. | 435 | 111 |
* | ODP Corp. | 2,352 | 111 |
* | SkyWest Inc. | 2,336 | 109 |
* | iRobot Corp. | 1,325 | 108 |
* | Urban Outfitters Inc. | 3,278 | 108 |
Century Communities Inc. | 1,520 | 107 | |
*,1 | Fisker Inc. | 7,633 | 107 |
* | KAR Auction Services Inc. | 6,295 | 106 |
* | Sleep Number Corp. | 1,141 | 106 |
* | Playtika Holding Corp. | 3,990 | 105 |
* | Abercrombie & Fitch Co. Class A | 2,904 | 104 |
* | International Game Technology plc | 4,771 | 103 |
* | Sally Beauty Holdings Inc. | 5,501 | 102 |
* | Cinemark Holdings Inc. | 5,529 | 99 |
* | Revolve Group Inc. | 1,729 | 99 |
Strategic Education Inc. | 1,255 | 98 | |
* | Everi Holdings Inc. | 4,218 | 96 |
Rush Enterprises Inc. Class A | 2,151 | 95 | |
* | Madison Square Garden Entertainment Corp. | 1,189 | 95 |
* | Cheesecake Factory Inc. | 2,018 | 94 |
* | Adtalem Global Education Inc. | 2,509 | 93 |
* | M/I Homes Inc. | 1,450 | 93 |
PriceSmart Inc. | 1,082 | 92 | |
Gray Television Inc. | 4,019 | 91 | |
Monro Inc. | 1,556 | 89 | |
Acushnet Holdings Corp. | 1,763 | 88 | |
* | Houghton Mifflin Harcourt Co. | 6,422 | 87 |
* | Knowles Corp. | 4,365 | 87 |
Camping World Holdings Inc. Class A | 2,158 | 86 | |
* | Laureate Education Inc. Class A | 5,350 | 85 |
* | Meredith Corp. | 1,971 | 85 |
* | Bally's Corp. | 1,650 | 83 |
* | Dave & Buster's Entertainment Inc. | 2,182 | 82 |
La-Z-Boy Inc. | 2,331 | 82 | |
* | Petco Health & Wellness Co. Inc. Class A | 3,794 | 82 |
Hibbett Inc. | 851 | 81 | |
Big Lots Inc. | 1,653 | 80 | |
* | Central Garden & Pet Co. Class A | 1,831 | 76 |
Shares | Market Value• ($000) | ||
HNI Corp. | 2,001 | 76 | |
* | Malibu Boats Inc. Class A | 1,051 | 75 |
Oxford Industries Inc. | 818 | 74 | |
* | elf Beauty Inc. | 2,305 | 71 |
* | G-III Apparel Group Ltd. | 2,228 | 69 |
* | AMC Networks Inc. Class A | 1,458 | 69 |
* | XPEL Inc. | 905 | 69 |
* | Dine Brands Global Inc. | 823 | 68 |
Sturm Ruger & Co. Inc. | 869 | 68 | |
Smith & Wesson Brands Inc. | 2,757 | 67 | |
* | Stride Inc. | 1,965 | 67 |
Inter Parfums Inc. | 901 | 65 | |
* | QuinStreet Inc. | 3,567 | 64 |
Sinclair Broadcast Group Inc. Class A | 2,125 | 64 | |
* | Children's Place Inc. | 722 | 63 |
* | GoPro Inc. Class A | 6,314 | 63 |
* | Lions Gate Entertainment Corp. Class B | 5,275 | 62 |
Steelcase Inc. Class A | 4,412 | 62 | |
* | Tupperware Brands Corp. | 2,578 | 62 |
* | Purple Innovation Inc. Class A | 2,540 | 62 |
* | Selectquote Inc. | 6,494 | 62 |
Dillard's Inc. Class A | 317 | 60 | |
*,1 | Blink Charging Co. | 1,844 | 60 |
Matthews International Corp. Class A | 1,602 | 59 | |
Buckle Inc. | 1,505 | 58 | |
* | WW International Inc. | 2,663 | 58 |
* | Driven Brands Holdings Inc. | 1,918 | 57 |
* | Clean Energy Fuels Corp. | 7,029 | 56 |
* | Tenneco Inc. Class A | 3,564 | 56 |
* | Denny's Corp. | 3,305 | 55 |
Sonic Automotive Inc. Class A | 1,092 | 55 | |
EW Scripps Co. Class A | 2,897 | 54 | |
* | MarineMax Inc. | 1,086 | 53 |
* | Hawaiian Holdings Inc. | 2,547 | 52 |
* | American Axle & Manufacturing Holdings Inc. | 5,771 | 51 |
Guess? Inc. | 2,104 | 51 | |
Franchise Group Inc. | 1,428 | 50 | |
* | BJ's Restaurants Inc. | 1,138 | 49 |
Scholastic Corp. | 1,475 | 49 | |
* | RealReal Inc. | 3,972 | 49 |
* | Clear Channel Outdoor Holdings Inc. | 18,318 | 48 |
* | Liberty Media Corp.- Liberty Braves Class C | 1,857 | 48 |
Standard Motor Products Inc. | 1,115 | 48 | |
* | Genesco Inc. | 749 | 46 |
Aaron's Co. Inc. | 1,736 | 46 | |
* | Viad Corp. | 1,043 | 45 |
* | Gannett Co. Inc. | 7,092 | 45 |
Caleres Inc. | 1,806 | 44 | |
* | Cars.com Inc. | 3,459 | 44 |
* | Zumiez Inc. | 1,101 | 44 |
* | Designer Brands Inc. Class A | 2,979 | 43 |
* | 1-800-Flowers.com Inc. Class A | 1,347 | 43 |
Interface Inc. Class A | 2,944 | 42 | |
* | Monarch Casino & Resort Inc. | 657 | 42 |
*,1 | Corsair Gaming Inc. | 1,445 | 42 |
* | Imax Corp. | 2,596 | 41 |
* | CarParts.com Inc. | 2,395 | 41 |
Shares | Market Value• ($000) | ||
* | Golden Entertainment Inc. | 831 | 40 |
* | America's Car-Mart Inc. | 300 | 39 |
* | Citi Trends Inc. | 455 | 39 |
* | Green Brick Partners Inc. | 1,562 | 39 |
* | Vuzix Corp. | 2,965 | 39 |
* | Rush Street Interactive Inc. | 2,649 | 39 |
Carriage Services Inc. Class A | 812 | 38 | |
* | Lions Gate Entertainment Corp. Class A | 2,977 | 38 |
* | Party City Holdco Inc. | 5,578 | 38 |
* | Perdoceo Education Corp. | 3,439 | 38 |
Winmark Corp. | 178 | 37 | |
* | Sportsman's Warehouse Holdings Inc. | 2,108 | 37 |
* | Lordstown Motors Corp. Class A | 5,670 | 37 |
* | Ruth's Hospitality Group Inc. | 1,734 | 36 |
* | Lovesac Co. | 620 | 35 |
Shoe Carnival Inc. | 924 | 35 | |
* | Golden Nugget Online Gaming Inc. | 1,617 | 35 |
* | Fossil Group Inc. | 2,528 | 34 |
* | Liberty Media Corp.- Liberty Formula One Class A | 753 | 34 |
* | Quotient Technology Inc. | 4,639 | 34 |
* | Chuy's Holdings Inc. | 1,018 | 33 |
Clarus Corp. | 1,228 | 33 | |
* | Accel Entertainment Inc. Class A | 2,843 | 33 |
* | Boston Omaha Corp. Class A | 882 | 32 |
* | Universal Electronics Inc. | 633 | 32 |
Johnson Outdoors Inc. Class A | 267 | 31 | |
Movado Group Inc. | 866 | 31 | |
* | Chico's FAS Inc. | 5,825 | 30 |
Haverty Furniture Cos. Inc. | 843 | 30 | |
* | Liquidity Services Inc. | 1,227 | 30 |
Big 5 Sporting Goods Corp. | 1,051 | 29 | |
RCI Hospitality Holdings Inc. | 442 | 29 | |
* | Stoneridge Inc. | 1,247 | 29 |
*,1 | Canoo Inc. | 4,039 | 29 |
* | Hovnanian Enterprises Inc. Class A | 259 | 28 |
* | Lumber Liquidators Holdings Inc. | 1,340 | 28 |
* | OneSpaWorld Holdings Ltd. | 2,669 | 28 |
* | Sun Country Airlines Holdings Inc. | 877 | 28 |
* | Beazer Homes USA Inc. | 1,425 | 27 |
* | Funko Inc. Class A | 1,336 | 27 |
* | Frontier Group Holdings Inc. | 1,760 | 27 |
* | Arlo Technologies Inc. | 4,110 | 26 |
* | Noodles & Co. Class A | 2,049 | 26 |
* | TravelCenters of America Inc. | 630 | 26 |
* | Latham Group Inc. | 1,175 | 26 |
Global Industrial Co. | 678 | 26 | |
* | American Public Education Inc. | 949 | 25 |
Ethan Allen Interiors Inc. | 1,055 | 25 | |
* | AMMO Inc. | 3,333 | 25 |
* | Central Garden & Pet Co. | 511 | 24 |
* | Conn's Inc. | 963 | 24 |
* | Genius Brands International Inc. | 14,268 | 24 |
* | Lands' End Inc. | 723 | 24 |
* | Lindblad Expeditions Holdings Inc. | 1,543 | 23 |
Shares | Market Value• ($000) | ||
* | Shift Technologies Inc. | 3,137 | 23 |
* | Coursera Inc. | 610 | 23 |
* | Cooper-Standard Holdings Inc. | 942 | 22 |
Entravision Communications Corp. Class A | 3,094 | ���22 | |
* | Master Craft Boat Holdings Inc. | 868 | 22 |
* | Stagwell Inc. | 3,147 | 22 |
* | Daily Journal Corp. | 63 | 21 |
OneWater Marine Inc. Class A | 518 | 21 | |
A-Mark Precious Metals Inc. | 442 | 21 | |
* | Turtle Beach Corp. | 707 | 20 |
Cato Corp. Class A | 1,098 | 19 | |
* | Century Casinos Inc. | 1,431 | 19 |
* | Container Store Group Inc. | 1,604 | 19 |
* | Marcus Corp. | 1,243 | 19 |
* | Red Robin Gourmet Burgers Inc. | 783 | 19 |
* | American Outdoor Brands Inc. | 689 | 19 |
* | Entercom Communications Corp. Class A | 5,480 | 19 |
* | El Pollo Loco Holdings Inc. | 986 | 18 |
Tilly's Inc. Class A | 1,153 | 18 | |
* | Eastman Kodak Co. | 2,263 | 17 |
* | Motorcar Parts of America Inc. | 855 | 17 |
* | Nautilus Inc. | 1,504 | 17 |
* | Vera Bradley Inc. | 1,485 | 17 |
*,1 | Arcimoto Inc. | 1,383 | 17 |
* | Bluegreen Vacations Holding Class A | 742 | 17 |
* | Barnes & Noble Education Inc. | 1,932 | 16 |
Hooker Furniture Corp. | 521 | 16 | |
Kimball International Inc. Class B | 1,286 | 16 | |
* | CuriosityStream Inc. | 1,316 | 16 |
* | Mesa Air Group Inc. | 1,833 | 15 |
Rocky Brands Inc. | 296 | 15 | |
* | Kirkland's Inc. | 706 | 14 |
* | Eros STX Global Corp. | 17,745 | 14 |
* | Chicken Soup For The Soul Entertainment Inc. | 580 | 14 |
* | Full House Resorts Inc. | 1,648 | 14 |
* | Liberty TripAdvisor Holdings Inc. Class A | 3,517 | 13 |
* | Alta Equipment Group Inc. | 1,007 | 13 |
* | Neogames SA | 315 | 13 |
* | XL Fleet Corp. | 1,936 | 13 |
Del Taco Restaurants Inc. | 1,417 | 12 | |
* | Duluth Holdings Inc. Class B | 760 | 12 |
Escalade Inc. | 523 | 12 | |
* | Fiesta Restaurant Group Inc. | 999 | 12 |
Flexsteel Industries Inc. | 337 | 12 | |
* | Liberty Media Corp.- Liberty Braves Class A | 477 | 12 |
Superior Group of Cos. Inc. | 523 | 12 | |
* | Drive Shack Inc. | 4,173 | 11 |
* | PlayAGS Inc. | 1,339 | 11 |
* | Arko Corp. | 1,040 | 11 |
* | ONE Group Hospitality Inc. | 983 | 11 |
* | HyreCar Inc. | 884 | 10 |
Lifetime Brands Inc. | 528 | 10 | |
Bassett Furniture Industries Inc. | 470 | 10 |
Shares | Market Value• ($000) | ||
* | Thryv Holdings Inc. | 327 | 10 |
* | Romeo Power Inc. | 2,123 | 10 |
* | LiveXLive Media Inc. | 2,694 | 9 |
Nathan's Famous Inc. | 141 | 9 | |
* | Kura Sushi USA Inc. Class A | 174 | 9 |
* | Lazydays Holdings Inc. | 370 | 9 |
* | CarLotz Inc. | 2,201 | 9 |
* | Hall of Fame Resort & Entertainment Co. | 2,783 | 9 |
* | VOXX International Corp. Class A | 792 | 8 |
* | Casper Sleep Inc. | 1,620 | 8 |
JOANN Inc. | 585 | 8 | |
* | PowerSchool Holdings Inc. Class A | 240 | 8 |
Carrols Restaurant Group Inc. | 1,595 | 7 | |
National CineMedia Inc. | 2,831 | 7 | |
* | Biglari Holdings Inc. Class B | 37 | 6 |
* | Regis Corp. | 1,046 | 6 |
* | Aterian Inc. | 999 | 6 |
* | Stonemor Inc. | 2,084 | 6 |
Hamilton Beach Brands Holding Co. Class A | 282 | 5 | |
Rush Enterprises Inc. Class B | 107 | 5 | |
* | Legacy Housing Corp. | 255 | 5 |
Marine Products Corp. | 357 | 5 | |
* | Emerald Holding Inc. | 1,078 | 5 |
NL Industries Inc. | 759 | 5 | |
* | Figs Inc. Class A | 121 | 5 |
* | Fluent Inc. | 1,630 | 4 |
* | Revlon Inc. Class A | 358 | 4 |
* | Traeger Inc. | 167 | 4 |
* | F45 Training Holdings Inc. | 219 | 3 |
* | Krispy Kreme Inc. | 174 | 3 |
* | Endeavor Group Holdings Inc. Class A | 64 | 2 |
* | Mister Car Wash Inc. | 119 | 2 |
* | Xponential Fitness Inc. Class A | 222 | 2 |
* | Snap One Holdings Corp. | 100 | �� 2 |
* | Integral Ad Science Holding Corp. | 56 | 1 |
* | Outbrain Inc. | 70 | 1 |
* | Weber Inc. Class A | 88 | 1 |
356,501 | |||
Consumer Staples (4.6%) | |||
Procter & Gamble Co. | 119,878 | 17,069 | |
Coca-Cola Co. | 191,102 | 10,761 | |
PepsiCo Inc. | 68,042 | 10,641 | |
Philip Morris International Inc. | 76,701 | 7,900 | |
CVS Health Corp. | 64,763 | 5,595 | |
Altria Group Inc. | 91,298 | 4,586 | |
Mondelez International Inc. Class A | 68,734 | 4,266 | |
Colgate-Palmolive Co. | 41,166 | 3,209 | |
Kimberly-Clark Corp. | 16,654 | 2,295 | |
Sysco Corp. | 24,110 | 1,920 | |
Walgreens Boots Alliance Inc. | 35,526 | 1,803 | |
* | Monster Beverage Corp. | 18,322 | 1,788 |
General Mills Inc. | 30,510 | 1,764 | |
Constellation Brands Inc. Class A | 8,001 | 1,689 | |
Kroger Co. | 36,531 | 1,681 |
Shares | Market Value• ($000) | ||
Archer-Daniels-Midland Co. | 27,459 | 1,648 | |
McKesson Corp. | 7,960 | 1,625 | |
Corteva Inc. | 36,446 | 1,602 | |
Hershey Co. | 7,271 | 1,292 | |
Keurig Dr Pepper Inc. | 34,257 | 1,222 | |
Kraft Heinz Co. | 32,790 | 1,180 | |
Tyson Foods Inc. Class A | 14,078 | 1,105 | |
McCormick & Co. Inc. | 12,244 | 1,056 | |
Clorox Co. | 6,063 | 1,019 | |
Church & Dwight Co. Inc. | 11,948 | 1,000 | |
AmerisourceBergen Corp. Class A | 7,165 | 876 | |
Kellogg Co. | 12,274 | 775 | |
Conagra Brands Inc. | 22,995 | 762 | |
Brown-Forman Corp. Class B | 9,327 | 655 | |
J M Smucker Co. | 5,215 | 645 | |
Hormel Foods Corp. | 13,772 | 627 | |
* | Darling Ingredients Inc. | 7,894 | 588 |
Bunge Ltd. | 6,722 | 509 | |
Lamb Weston Holdings Inc. | 7,139 | 465 | |
Molson Coors Beverage Co. Class B | 8,709 | 414 | |
Campbell Soup Co. | 9,573 | 399 | |
Casey's General Stores Inc. | 1,791 | 366 | |
* | U.S. Foods Holding Corp | 10,776 | 366 |
* | Beyond Meat Inc. | 2,797 | 335 |
* | Post Holdings Inc. | 2,901 | 325 |
* | Performance Food Group Co. | 6,395 | 321 |
Ingredion Inc. | 3,421 | 301 | |
* | Herbalife Nutrition Ltd. | 5,240 | 269 |
* | Boston Beer Co. Inc. Class A | 457 | 261 |
* | Freshpet Inc. | 1,982 | 254 |
Albertsons Cos. Inc. Class A | 7,545 | 229 | |
Flowers Foods Inc. | 9,144 | 221 | |
Sanderson Farms Inc. | 977 | 192 | |
* | Celsius Holdings Inc. | 2,196 | 180 |
Lancaster Colony Corp. | 917 | 162 | |
WD-40 Co. | 656 | 157 | |
Spectrum Brands Holdings Inc. | 1,994 | 156 | |
* | Hain Celestial Group Inc. | 4,030 | 151 |
* | Simply Good Foods Co. | 4,081 | 145 |
* | Sprouts Farmers Market Inc. | 5,587 | 139 |
Primo Water Corp. | 7,569 | 134 | |
Energizer Holdings Inc. | 3,253 | 128 | |
Medifast Inc. | 549 | 125 | |
Nu Skin Enterprises Inc. Class A | 2,363 | 120 | |
Brown-Forman Corp. Class A | 1,800 | 119 | |
J & J Snack Foods Corp. | 702 | 115 | |
Edgewell Personal Care Co. | 2,624 | 111 | |
* | Grocery Outlet Holding Corp. | 4,173 | 109 |
* | United Natural Foods Inc. | 2,844 | 105 |
Vector Group Ltd. | 6,805 | 102 | |
* | Hostess Brands Inc. Class A | 6,130 | 98 |
Core-Mark Holding Co. Inc. | 2,108 | 97 | |
B&G Foods Inc. | 3,019 | 92 | |
* | TreeHouse Foods Inc. | 2,446 | 92 |
Coca-Cola Consolidated Inc. | 221 | 90 | |
* | GrowGeneration Corp. | 2,620 | 84 |
Weis Markets Inc. | 1,365 | 78 | |
Reynolds Consumer Products Inc. | 2,769 | 78 | |
* | Pilgrim's Pride Corp. | 2,452 | 68 |
* | BellRing Brands Inc. Class A | 2,009 | 68 |
Cal-Maine Foods Inc. | 1,817 | 66 | |
* | USANA Health Sciences Inc. | 643 | 62 |
Shares | Market Value• ($000) | ||
* | Beauty Health Co. | 2,341 | 60 |
Utz Brands Inc. | 2,984 | 58 | |
Fresh Del Monte Produce Inc. | 1,704 | 56 | |
Seaboard Corp. | 13 | 55 | |
National Beverage Corp. | 1,132 | 53 | |
Universal Corp. | 1,045 | 53 | |
* | Rite Aid Corp. | 2,798 | 50 |
*,1 | Tattooed Chef Inc. | 2,367 | 50 |
Andersons Inc. | 1,588 | 48 | |
* | Chefs' Warehouse Inc. | 1,585 | 48 |
MGP Ingredients Inc. | 717 | 47 | |
Ingles Markets Inc. Class A | 679 | 46 | |
SpartanNash Co. | 1,894 | 41 | |
ACCO Brands Corp. | 4,402 | 41 | |
Calavo Growers Inc. | 826 | 39 | |
* | Mission Produce Inc. | 1,880 | 39 |
Turning Point Brands Inc. | 709 | 35 | |
John B Sanfilippo & Son Inc. | 381 | 32 | |
PetMed Express Inc. | 1,065 | 29 | |
* | Veru Inc. | 3,282 | 29 |
* | 22nd Century Group Inc. | 7,625 | 27 |
* | Hydrofarm Holdings Group Inc. | 541 | 27 |
Tootsie Roll Industries Inc. | 795 | 25 | |
* | Vital Farms Inc. | 1,333 | 24 |
* | Whole Earth Brands Inc. | 1,893 | 24 |
* | Duckhorn Portfolio Inc. | 1,022 | 22 |
* | AppHarvest Inc. | 2,426 | 20 |
* | Seneca Foods Corp. Class A | 280 | 14 |
* | PLBY Group Inc. | 547 | 14 |
* | Landec Corp. | 1,164 | 13 |
* | Honest Co. Inc. | 1,254 | 13 |
* | AquaBounty Technologies Inc. | 2,649 | 12 |
Nature's Sunshine Products Inc. | 687 | 12 | |
* | NewAge Inc. | 6,726 | 12 |
Limoneira Co. | 661 | 11 | |
* | HF Foods Group Inc. | 1,690 | 10 |
Oil-Dri Corp. of America | 226 | 8 | |
Village Super Market Inc. Class A | 353 | 8 | |
Natural Grocers by Vitamin Cottage Inc. | 516 | 6 | |
* | Laird Superfood Inc. | 314 | 6 |
* | Greenlane Holdings Inc. Class A | 1,423 | 4 |
* | MedAvail Holdings Inc. | 591 | 2 |
* | Zevia PBC Class A | 104 | 1 |
104,326 | |||
Energy (2.5%) | |||
Exxon Mobil Corp. | 208,565 | 11,371 | |
Chevron Corp. | 95,358 | 9,228 | |
ConocoPhillips | 66,724 | 3,705 | |
EOG Resources Inc. | 28,990 | 1,957 | |
Schlumberger NV | 69,209 | 1,941 | |
Marathon Petroleum Corp. | 32,254 | 1,912 | |
Pioneer Natural Resources Co. | 10,740 | 1,607 | |
Kinder Morgan Inc. | 96,075 | 1,563 | |
Phillips 66 | 21,784 | 1,549 | |
Williams Cos. Inc. | 59,572 | 1,471 | |
Valero Energy Corp. | 19,985 | 1,325 | |
ONEOK Inc. | 21,710 | 1,140 | |
* | Enphase Energy Inc. | 6,456 | 1,122 |
Occidental Petroleum Corp. | 41,276 | 1,060 |
Shares | Market Value• ($000) | ||
* | Cheniere Energy Inc. | 11,466 | 1,003 |
Devon Energy Corp. | 32,972 | 974 | |
Hess Corp. | 13,525 | 930 | |
Halliburton Co. | 43,264 | 864 | |
Baker Hughes Co. Class A | 36,068 | 822 | |
Diamondback Energy Inc. | 8,816 | 680 | |
* | Plug Power Inc. | 24,480 | 638 |
* | First Solar Inc. | 5,189 | 488 |
Targa Resources Corp. | 11,024 | 484 | |
Marathon Oil Corp. | 38,197 | 449 | |
Texas Pacific Land Corp. | 282 | 383 | |
APA Corp. | 18,380 | 358 | |
Ovintiv Inc. | 12,654 | 345 | |
Cimarex Energy Co. | 4,893 | 314 | |
Cabot Oil & Gas Corp. | 19,130 | 304 | |
Chesapeake Energy Corp. | 4,831 | 270 | |
* | NOV Inc. | 18,916 | 249 |
* | EQT Corp. | 13,432 | 246 |
HollyFrontier Corp. | 7,242 | 234 | |
* | ChampionX Corp. | 9,717 | 227 |
* | DTE Midstream LLC | 4,705 | 219 |
PDC Energy Inc. | 4,724 | 197 | |
* | Antero Resources Corp. | 13,775 | 189 |
Equitrans Midstream Corp. | 19,683 | 172 | |
* | Denbury Inc. | 2,399 | 169 |
* | Range Resources Corp. | 11,488 | 168 |
Antero Midstream Corp. | 16,086 | 155 | |
Matador Resources Co. | 5,286 | 152 | |
Murphy Oil Corp. | 6,941 | 148 | |
* | Southwestern Energy Co. | 32,481 | 148 |
* | California Resources Corp. | 4,068 | 139 |
* | Shoals Technologies Group Inc. Class A | 4,271 | 139 |
Helmerich & Payne Inc. | 4,950 | 133 | |
* | ChargePoint Holdings Inc. | 6,033 | 128 |
* | Array Technologies Inc. | 6,514 | 124 |
Continental Resources Inc. | 3,124 | 123 | |
* | CNX Resources Corp. | 10,627 | 121 |
Arcosa Inc. | 2,311 | 117 | |
* | Ameresco Inc. Class A | 1,560 | 108 |
SM Energy Co. | 5,581 | 107 | |
Magnolia Oil & Gas Corp. Class A | 6,555 | 103 | |
* | Renewable Energy Group Inc. | 2,128 | 103 |
World Fuel Services Corp. | 3,159 | 102 | |
* | FuelCell Energy Inc. | 15,893 | 99 |
Cactus Inc. Class A | 2,573 | 96 | |
* | Whiting Petroleum Corp. | 1,992 | 94 |
Oasis Petroleum Inc. | 1,022 | 88 | |
* | SunPower Corp. | 4,044 | 87 |
* | Stem Inc. | 3,164 | 79 |
* | Green Plains Inc. | 2,167 | 76 |
* | Callon Petroleum Co. | 1,987 | 68 |
Patterson-UTI Energy Inc. | 8,519 | 66 | |
* | TPI Composites Inc. | 1,750 | 64 |
* | Oceaneering International Inc. | 5,030 | 62 |
Bonanza Creek Energy Inc. | 1,561 | 61 | |
* | Gevo Inc. | 9,864 | 61 |
Warrior Met Coal Inc. | 2,676 | 60 | |
* | Delek U.S. Holdings Inc. | 3,395 | 58 |
* | Golar LNG Ltd. | 5,198 | 58 |
* | Peabody Energy Corp. | 3,559 | 57 |
Archrock Inc. | 7,111 | 55 | |
* | Arch Resources Inc. | 730 | 55 |
* | Tellurian Inc. | 16,010 | 51 |
Shares | Market Value• ($000) | ||
* | PBF Energy Inc. Class A | 4,775 | 50 |
* | Kosmos Energy Ltd. | 20,424 | 48 |
* | Centennial Resource Development Inc. Class A | 9,146 | 47 |
* | Liberty Oilfield Services Inc. Class A | 4,533 | 46 |
* | NOW Inc. | 5,573 | 43 |
Brigham Minerals Inc. Class A | 2,084 | 40 | |
* | CONSOL Energy Inc. | 1,733 | 40 |
New Fortress Energy Inc. Class A | 1,347 | 40 | |
Northern Oil and Gas Inc. | 2,411 | 40 | |
* | DMC Global Inc. | 939 | 38 |
* | Par Pacific Holdings Inc. | 2,329 | 38 |
* | Dril-Quip Inc. | 1,473 | 36 |
* | Extraction Oil & Gas Inc. | 795 | 36 |
* | Laredo Petroleum Inc. | 634 | 34 |
* | MRC Global Inc. | 4,076 | 33 |
* | ProPetro Holding Corp. | 4,314 | 33 |
* | NexTier Oilfield Solutions Inc. | 8,721 | 31 |
* | Nabors Industries Ltd. (XNYS) | 362 | 31 |
SunCoke Energy Inc. | 4,187 | 29 | |
* | Comstock Resources Inc. | 4,639 | 27 |
* | Helix Energy Solutions Group Inc. | 7,244 | 27 |
* | Contango Oil & Gas Co. | 7,421 | 27 |
* | Frank's International NV | 9,069 | 26 |
* | REX American Resources Corp. | 297 | 25 |
* | Tidewater Inc. | 2,144 | 25 |
Berry Corp. | 3,762 | 23 | |
* | Talos Energy Inc. | 1,859 | 23 |
* | American Superconductor Corp. | 1,456 | 22 |
CVR Energy Inc. | 1,359 | 20 | |
* | TETRA Technologies Inc. | 6,188 | 20 |
* | Penn Virginia Corp. | 806 | 17 |
* | National Energy Services Reunited Corp. | 1,525 | 17 |
* | Oil States International Inc. | 2,811 | 16 |
* | Vine Energy Inc. Class A | 1,045 | 16 |
* | Centrus Energy Corp. Class A | 479 | 14 |
* | Select Energy Services Inc. Class A | 2,683 | 14 |
* | W&T Offshore Inc. | 4,405 | 14 |
* | Beam Global | 444 | 14 |
* | Aemetis Inc. | 1,172 | 13 |
* | Matrix Service Co. | 1,179 | 13 |
* | RPC Inc. | 3,496 | 13 |
* | Earthstone Energy Inc. Class A | 1,450 | 12 |
Solaris Oilfield Infrastructure Inc. Class A | 1,581 | 12 | |
* | Newpark Resources Inc. | 4,225 | 11 |
Altus Midstream Co. Class A | 163 | 11 | |
* | FTS International Inc. Class A | 448 | 10 |
* | FTC Solar Inc. | 963 | 10 |
Riley Exploration Permian Inc. | 446 | 9 | |
Falcon Minerals Corp. | 1,756 | 8 | |
* | Bristow Group Inc. | 238 | 7 |
* | Advent Technologies Holdings Inc. | 876 | 6 |
Shares | Market Value• ($000) | ||
* | Nabors Industries Ltd. Warrants Exp. 6/11/26 | 126 | 1 |
57,128 | |||
Financials (11.2%) | |||
* | Berkshire Hathaway Inc. Class B | 92,236 | 26,358 |
JPMorgan Chase & Co. | 147,874 | 23,652 | |
Bank of America Corp. | 370,657 | 15,475 | |
Wells Fargo & Co. | 203,784 | 9,313 | |
Citigroup Inc. | 101,865 | 7,325 | |
Morgan Stanley | 68,471 | 7,150 | |
Goldman Sachs Group Inc. | 16,251 | 6,720 | |
BlackRock Inc. | 7,036 | 6,637 | |
Charles Schwab Corp. | 77,285 | 5,630 | |
S&P Global Inc. | 11,877 | 5,271 | |
Blackstone Inc. | 33,508 | 4,213 | |
Chubb Ltd. | 22,021 | 4,050 | |
PNC Financial Services Group Inc. | 20,890 | 3,992 | |
Marsh & McLennan Cos. Inc. | 25,037 | 3,936 | |
U.S. Bancorp | 66,119 | 3,795 | |
Truist Financial Corp. | 66,130 | 3,773 | |
CME Group Inc. | 17,686 | 3,568 | |
Intercontinental Exchange Inc. | 27,412 | 3,277 | |
Aon plc Class A | 11,016 | 3,160 | |
Moody's Corp. | 7,990 | 3,042 | |
Progressive Corp. | 28,750 | 2,770 | |
MSCI Inc. Class A | 3,950 | 2,507 | |
T Rowe Price Group Inc. | 11,102 | 2,485 | |
American International Group Inc. | 42,398 | 2,313 | |
MetLife Inc. | 36,485 | 2,262 | |
Bank of New York Mellon Corp. | 39,518 | 2,182 | |
Prudential Financial Inc. | 19,417 | 2,056 | |
Allstate Corp. | 14,730 | 1,993 | |
Travelers Cos. Inc. | 12,391 | 1,979 | |
Discover Financial Services | 15,093 | 1,935 | |
Aflac Inc. | 33,189 | 1,881 | |
KKR & Co. Inc. | 27,138 | 1,745 | |
First Republic Bank | 8,659 | 1,723 | |
* | SVB Financial Group | 2,872 | 1,607 |
State Street Corp. | 17,240 | 1,602 | |
Ameriprise Financial Inc. | 5,700 | 1,556 | |
Arthur J Gallagher & Co. | 9,999 | 1,436 | |
Willis Towers Watson plc | 6,374 | 1,407 | |
Fifth Third Bancorp | 35,146 | 1,366 | |
Northern Trust Corp. | 10,042 | 1,190 | |
Hartford Financial Services Group Inc. | 17,412 | 1,170 | |
Huntington Bancshares Inc. | 74,472 | 1,157 | |
Nasdaq Inc. | 5,609 | 1,098 | |
Broadridge Financial Solutions Inc. | 5,695 | 981 | |
KeyCorp | 47,416 | 963 | |
Regions Financial Corp. | 47,098 | 962 | |
Ally Financial Inc. | 18,114 | 958 | |
Citizens Financial Group Inc. | 21,503 | 942 | |
Cincinnati Financial Corp. | 7,335 | 905 | |
Principal Financial Group Inc. | 13,423 | 897 | |
M&T Bank Corp. | 6,304 | 883 | |
MarketAxess Holdings Inc. | 1,832 | 872 | |
Raymond James Financial Inc. | 6,175 | 864 | |
* | Markel Corp. | 671 | 852 |
* | Arch Capital Group Ltd. | 19,124 | 786 |
Shares | Market Value• ($000) | ||
Signature Bank | 2,764 | 717 | |
FactSet Research Systems Inc. | 1,868 | 710 | |
Brown & Brown Inc. | 11,586 | 673 | |
Fidelity National Financial Inc. | 13,758 | 672 | |
Cboe Global Markets Inc. | 5,192 | 655 | |
Lincoln National Corp. | 9,232 | 634 | |
Loews Corp. | 10,948 | 612 | |
Annaly Capital Management Inc. | 70,043 | 609 | |
LPL Financial Holdings Inc. | 4,017 | 594 | |
Equitable Holdings Inc. | 18,582 | 576 | |
Apollo Global Management Inc. Class A | 8,757 | 523 | |
Ares Management Corp. Class A | 6,700 | 517 | |
Everest Re Group Ltd. | 1,950 | 517 | |
W R Berkley Corp. | 6,805 | 512 | |
East West Bancorp Inc. | 6,923 | 508 | |
Comerica Inc. | 6,859 | 507 | |
Assurant Inc. | 2,954 | 502 | |
Western Alliance Bancorp | 4,923 | 480 | |
Globe Life Inc. | 4,973 | 478 | |
First Horizon Corp. | 28,813 | 472 | |
Franklin Resources Inc. | 14,154 | 459 | |
Zions Bancorp NA | 7,924 | 459 | |
American Financial Group Inc. | 3,313 | 457 | |
* | Alleghany Corp. | 670 | 453 |
Tradeweb Markets Inc. Class A | 5,136 | 447 | |
AGNC Investment Corp. | 26,928 | 439 | |
Invesco Ltd. | 16,290 | 412 | |
Jefferies Financial Group Inc. | 10,678 | 395 | |
Carlyle Group Inc. | 7,987 | 394 | |
Reinsurance Group of America Inc. | 3,305 | 383 | |
Voya Financial Inc. | 5,885 | 382 | |
* | Athene Holding Ltd. Class A | 5,701 | 382 |
RenaissanceRe Holdings Ltd. | 2,415 | 378 | |
Commerce Bancshares Inc. | 5,245 | 371 | |
First American Financial Corp. | 5,231 | 369 | |
Janus Henderson Group plc | 8,370 | 363 | |
Old Republic International Corp. | 13,789 | 359 | |
Pinnacle Financial Partners Inc. | 3,616 | 350 | |
Starwood Property Trust Inc. | 13,444 | 347 | |
Affiliated Managers Group Inc. | 2,028 | 345 | |
People's United Financial Inc. | 20,874 | 343 | |
Stifel Financial Corp. | 4,971 | 343 | |
Synovus Financial Corp. | 7,955 | 343 | |
SEI Investments Co. | 5,393 | 339 | |
Cullen/Frost Bankers Inc. | 2,818 | 322 | |
Prosperity Bancshares Inc. | 4,598 | 321 | |
Popular Inc. | 4,086 | 310 | |
Morningstar Inc. | 1,140 | �� 306 | |
First Financial Bankshares Inc. | 6,325 | 301 | |
OneMain Holdings Inc. | 5,111 | 296 | |
SLM Corp. | 15,690 | 294 | |
Primerica Inc. | 1,909 | 292 | |
New York Community Bancorp Inc. | 21,776 | 273 | |
Evercore Inc. Class A | 1,931 | 270 | |
CIT Group Inc. | 4,829 | 268 |
Shares | Market Value• ($000) | ||
* | Credit Acceptance Corp. | 457 | 265 |
Unum Group | 9,876 | 263 | |
First Citizens BancShares Inc. Class A | 290 | 260 | |
Interactive Brokers Group Inc. Class A | 3,953 | 256 | |
Valley National Bancorp | 19,585 | 255 | |
Bank OZK | 5,979 | 254 | |
MGIC Investment Corp. | 16,432 | 251 | |
Essent Group Ltd. | 5,319 | 250 | |
Glacier Bancorp Inc. | 4,638 | 247 | |
PacWest Bancorp | 5,787 | 246 | |
Sterling Bancorp | 10,752 | 246 | |
Hanover Insurance Group Inc. | 1,734 | 245 | |
South State Corp. | 3,477 | 238 | |
Selective Insurance Group Inc. | 2,840 | 237 | |
Lazard Ltd. Class A | 4,901 | 232 | |
New Residential Investment Corp. | 21,017 | 229 | |
Houlihan Lokey Inc. Class A | 2,510 | 226 | |
Webster Financial Corp. | 4,360 | 220 | |
United Bankshares Inc. | 6,025 | 219 | |
Radian Group Inc. | 9,219 | 218 | |
Blackstone Mortgage Trust Inc. Class A | 6,553 | 215 | |
Erie Indemnity Co. Class A | 1,214 | 215 | |
RLI Corp. | 1,922 | 210 | |
Umpqua Holdings Corp. | 10,601 | 206 | |
Wintrust Financial Corp. | 2,734 | 205 | |
Kemper Corp. | 2,954 | 203 | |
* | Brighthouse Financial Inc. | 4,112 | 201 |
Navient Corp. | 8,520 | 198 | |
Community Bank System Inc. | 2,554 | 189 | |
Kinsale Capital Group Inc. | 1,041 | 189 | |
UMB Financial Corp. | 2,062 | 189 | |
Axis Capital Holdings Ltd. | 3,702 | 189 | |
* | Marathon Digital Holdings Inc. | 4,638 | 188 |
BankUnited Inc. | 4,415 | 186 | |
Hancock Whitney Corp. | 4,041 | 186 | |
* | Open Lending Corp. Class A | 5,013 | 185 |
Bank of Hawaii Corp. | 2,169 | 182 | |
Moelis & Co. Class A | 2,921 | 181 | |
Pacific Premier Bancorp Inc. | 4,439 | 177 | |
FNB Corp. | 15,072 | 176 | |
Assured Guaranty Ltd. | 3,530 | 176 | |
First Hawaiian Inc. | 6,250 | 174 | |
ServisFirst Bancshares Inc. | 2,369 | 174 | |
White Mountains Insurance Group Ltd. | 155 | 174 | |
* | Trupanion Inc. | 1,844 | 169 |
Chimera Investment Corp. | 10,923 | 167 | |
FirstCash Inc. | 1,920 | 165 | |
* | Texas Capital Bancshares Inc. | 2,427 | 165 |
Eastern Bankshares Inc. | 8,308 | 164 | |
Home BancShares Inc. | 7,234 | 160 | |
Investors Bancorp Inc. | 10,843 | 155 | |
Ameris Bancorp | 3,105 | 153 | |
Federated Hermes Inc. | 4,537 | 153 | |
* | Riot Blockchain Inc. | 4,091 | 153 |
* | Enstar Group Ltd. | 664 | 153 |
CNO Financial Group Inc. | 6,201 | 152 | |
* | LendingClub Corp. | 4,863 | 151 |
Shares | Market Value• ($000) | ||
Walker & Dunlop Inc. | 1,362 | 151 | |
Associated Banc-Corp. | 7,168 | 148 | |
Simmons First National Corp. Class A | 5,045 | 147 | |
Artisan Partners Asset Management Inc. Class A | 2,794 | 145 | |
* | Upstart Holdings Inc. | 623 | 143 |
BancorpSouth Bank | 4,835 | 142 | |
Cathay General Bancorp | 3,530 | 140 | |
Hamilton Lane Inc. Class A | 1,622 | 140 | |
* | Lemonade Inc. | 1,859 | 140 |
* | Mr Cooper Group Inc. | 3,584 | 139 |
Old National Bancorp | 8,364 | 139 | |
Atlantic Union Bankshares Corp. | 3,692 | 137 | |
BOK Financial Corp. | 1,540 | 136 | |
* | Cannae Holdings Inc. | 4,254 | 136 |
American Equity Investment Life Holding Co. | 4,101 | 130 | |
* | Axos Financial Inc. | 2,663 | 129 |
First BanCorp. (XNYS) | 10,114 | 129 | |
Flagstar Bancorp Inc. | 2,596 | 128 | |
* | Focus Financial Partners Inc. Class A | 2,465 | 128 |
Cadence BanCorp. Class A | 5,864 | 126 | |
* | Silvergate Capital Corp. Class A | 1,106 | 125 |
CVB Financial Corp. | 6,081 | 124 | |
Columbia Banking System Inc. | 3,401 | 124 | |
Goosehead Insurance Inc. Class A | 844 | 124 | |
Independent Bank Group Inc. | 1,748 | 123 | |
United Community Banks Inc. | 4,071 | 123 | |
Washington Federal Inc. | 3,698 | 123 | |
Santander Consumer USA Holdings Inc. | 2,917 | 122 | |
First Midwest Bancorp Inc. | 6,392 | 120 | |
Independent Bank Corp. (XNGS) | 1,565 | 120 | |
Piper Sandler Cos. | 839 | 120 | |
PennyMac Financial Services Inc. | 1,787 | 119 | |
Fulton Financial Corp. | 7,384 | 117 | |
Rocket Cos. Inc. Class A | 6,594 | 114 | |
* | Palomar Holdings Inc. | 1,238 | 111 |
Virtu Financial Inc. Class A | 4,514 | 110 | |
PennyMac Mortgage Investment Trust | 5,587 | 108 | |
Arbor Realty Trust Inc. | 5,827 | 107 | |
Virtus Investment Partners Inc. | 336 | 105 | |
Cohen & Steers Inc. | 1,190 | 104 | |
First Financial Bancorp | 4,428 | 104 | |
Hilltop Holdings Inc. | 3,102 | 104 | |
International Bancshares Corp. | 2,466 | 103 | |
First Merchants Corp. | 2,446 | 101 | |
Trustmark Corp. | 3,197 | 101 | |
WesBanco Inc. | 2,974 | 101 | |
MFA Financial Inc. | 20,853 | 100 | |
Live Oak Bancshares Inc. | 1,614 | 99 | |
WSFS Financial Corp. | 2,184 | 99 | |
* | Genworth Financial Inc. Class A | 26,099 | 98 |
Apollo Commercial Real Estate Finance Inc. | 6,243 | 97 |
Shares | Market Value• ($000) | ||
* | PRA Group Inc. | 2,312 | 97 |
Heartland Financial USA Inc. | 2,040 | 96 | |
* | Triumph Bancorp Inc. | 1,157 | 95 |
iStar Inc. | 3,522 | 93 | |
Banner Corp. | 1,601 | 92 | |
* | LendingTree Inc. | 554 | 92 |
Renasant Corp. | 2,582 | 91 | |
Sandy Spring Bancorp Inc. | 2,086 | 91 | |
Towne Bank | 3,002 | 91 | |
Two Harbors Investment Corp. | 13,857 | 91 | |
StepStone Group Inc. Class A | 1,892 | 91 | |
* | NMI Holdings Inc. Class A | 3,901 | 88 |
* | BRP Group Inc. Class A | 2,330 | 88 |
BGC Partners Inc. Class A | 16,817 | 87 | |
Great Western Bancorp Inc. | 2,800 | 87 | |
Horace Mann Educators Corp. | 2,114 | 87 | |
PJT Partners Inc. Class A | 1,098 | 87 | |
Veritex Holdings Inc. | 2,397 | 86 | |
Stewart Information Services Corp. | 1,351 | 85 | |
Enterprise Financial Services Corp. | 1,864 | 84 | |
Hope Bancorp Inc. | 6,014 | 83 | |
Eagle Bancorp Inc. | 1,419 | 82 | |
First Interstate BancSystem Inc. Class A | 1,848 | 81 | |
Lakeland Financial Corp. | 1,213 | 81 | |
Seacoast Banking Corp. of Florida | 2,458 | 79 | |
Argo Group International Holdings Ltd. | 1,497 | 79 | |
Brightsphere Investment Group Inc. | 2,869 | 78 | |
* | Encore Capital Group Inc. | 1,568 | 77 |
NBT Bancorp Inc. | 2,140 | 77 | |
New York Mortgage Trust Inc. | 17,414 | 77 | |
Capitol Federal Financial Inc. | 6,561 | 76 | |
Mercury General Corp. | 1,275 | 76 | |
Dime Community Bancshares Inc. | 2,289 | 76 | |
Park National Corp. | 641 | 75 | |
Westamerica BanCorp. | 1,320 | 75 | |
Bank of NT Butterfield & Son Ltd. | 2,240 | 75 | |
American National Group Inc. | 384 | 74 | |
Provident Financial Services Inc. | 3,319 | 73 | |
Meta Financial Group Inc. | 1,443 | 71 | |
Northwest Bancshares Inc. | 5,464 | 71 | |
Nelnet Inc. Class A | 863 | 70 | |
ProAssurance Corp. | 2,751 | 70 | |
FB Financial Corp. | 1,672 | 69 | |
Broadmark Realty Capital Inc. | 6,503 | 68 | |
James River Group Holdings Ltd. | 1,812 | 67 | |
B Riley Financial Inc. | 992 | 65 | |
* | Bancorp Inc. | 2,642 | 65 |
OceanFirst Financial Corp. | 3,034 | 64 | |
TFS Financial Corp. | 3,151 | 63 | |
Bryn Mawr Bank Corp. | 1,513 | 62 | |
CNA Financial Corp. | 1,405 | 62 | |
Customers Bancorp Inc. | 1,507 | 62 | |
Southside Bancshares Inc. | 1,641 | 62 | |
Berkshire Hills Bancorp Inc. | 2,369 | 61 | |
City Holding Co. | 785 | 61 |
Shares | Market Value• ($000) | ||
* | Enova International Inc. | 1,843 | 61 |
First Busey Corp. | 2,572 | 61 | |
OFG Bancorp | 2,576 | 61 | |
Redwood Trust Inc. | 4,870 | 61 | |
German American Bancorp Inc. | 1,587 | 59 | |
Premier Financial Corp. | 1,946 | 59 | |
* | StoneX Group Inc. | 853 | 59 |
Brookline Bancorp Inc. | 3,885 | 58 | |
First BanCorp. | 1,362 | 57 | |
Safety Insurance Group Inc. | 697 | 57 | |
First Commonwealth Financial Corp. | 4,130 | 56 | |
Ladder Capital Corp. Class A | 4,897 | 56 | |
National Bank Holdings Corp. Class A | 1,498 | 56 | |
ConnectOne Bancorp Inc. | 1,936 | 55 | |
Employers Holdings Inc. | 1,296 | 53 | |
Stock Yards Bancorp Inc. | 1,007 | 52 | |
BancFirst Corp. | 893 | 51 | |
Meridian Bancorp Inc. | 2,424 | 50 | |
S&T Bancorp Inc. | 1,667 | 50 | |
Tompkins Financial Corp. | 614 | 49 | |
First Foundation Inc. | 2,014 | 48 | |
* | eHealth Inc. | 1,223 | 47 |
Kearny Financial Corp. | 3,594 | 46 | |
Washington Trust Bancorp Inc. | 865 | 46 | |
AMERISAFE Inc. | 788 | 45 | |
Cowen Inc. Class A | 1,261 | 45 | |
Federal Agricultural Mortgage Corp. Class C | 463 | 45 | |
Origin Bancorp Inc. | 1,095 | 45 | |
Ready Capital Corp. | 2,912 | 45 | |
WisdomTree Investments Inc. | 7,023 | 44 | |
* | SiriusPoint Ltd. | 4,519 | 44 |
Banc of California Inc. | 2,375 | 43 | |
Heritage Financial Corp. | 1,699 | 43 | |
HomeStreet Inc. | 1,062 | 43 | |
TriCo Bancshares | 1,099 | 43 | |
BrightSpire Capital Inc. Class A | 4,253 | 43 | |
First Community Bankshares Inc. | 1,337 | 42 | |
Preferred Bank | 659 | 42 | |
* | World Acceptance Corp. | 219 | 42 |
* | Blucora Inc. | 2,495 | 41 |
First Bancorp Inc. (XNMS) | 1,024 | 41 | |
1st Source Corp. | 869 | 41 | |
QCR Holdings Inc. | 797 | 41 | |
TPG RE Finance Trust Inc. | 3,218 | 41 | |
State Auto Financial Corp. | 782 | 40 | |
ARMOUR Residential REIT Inc. | 3,615 | 39 | |
* | Columbia Financial Inc. | 2,156 | 39 |
Horizon Bancorp Inc. | 2,167 | 39 | |
Invesco Mortgage Capital Inc. | 12,638 | 39 | |
Northfield Bancorp Inc. | 2,301 | 39 | |
Ellington Financial Inc. | 2,079 | 38 | |
Granite Point Mortgage Trust Inc. | 2,759 | 38 | |
Altabancorp | 911 | 38 | |
* | Nicolet Bankshares Inc. | 487 | 37 |
Capstead Mortgage Corp. | 5,187 | 36 | |
Camden National Corp. | 749 | 35 |
Shares | Market Value• ($000) | ||
KKR Real Estate Finance Trust Inc. | 1,628 | 35 | |
* | MoneyGram International Inc. | 3,939 | 35 |
Waterstone Financial Inc. | 1,742 | 35 | |
* | Ambac Financial Group Inc. | 2,438 | 34 |
CNB Financial Corp. | 1,380 | 34 | |
First Mid Bancshares Inc. | 841 | 34 | |
Flushing Financial Corp. | 1,491 | 34 | |
Harborone Bancorp Inc. | 2,417 | 34 | |
Lakeland Bancorp Inc. | 2,029 | 34 | |
Allegiance Bancshares Inc. | 898 | 33 | |
Byline Bancorp Inc. | 1,322 | 33 | |
Central Pacific Financial Corp. | 1,299 | 33 | |
Community Trust Bancorp Inc. | 791 | 33 | |
HCI Group Inc. | 293 | 33 | |
Heritage Commerce Corp. | 2,953 | 33 | |
TrustCo Bank Corp. NY | 1,035 | 33 | |
* | Amerant Bancorp Inc. | 1,187 | 32 |
* | CrossFirst Bankshares Inc. | 2,441 | 32 |
Sculptor Capital Management Inc. Class A | 1,088 | 31 | |
Cambridge Bancorp | 345 | 30 | |
Hanmi Financial Corp. | 1,545 | 30 | |
* | Metropolitan Bank Holding Corp. | 389 | 30 |
Midland States Bancorp Inc. | 1,187 | 30 | |
* | TriState Capital Holdings Inc. | 1,469 | 30 |
Univest Financial Corp. | 1,109 | 30 | |
First Bancorp Inc. (XNGS) | 983 | 29 | |
Great Southern Bancorp Inc. | 540 | 29 | |
National Western Life Group Inc. Class A | 129 | 29 | |
Peapack-Gladstone Financial Corp. | 879 | 29 | |
Peoples Bancorp Inc. | 913 | 29 | |
Financial Institutions Inc. | 871 | 28 | |
United Fire Group Inc. | 1,064 | 28 | |
* | MBIA Inc. | 2,407 | 27 |
* | Atlantic Capital Bancshares Inc. | 1,057 | 26 |
Diamond Hill Investment Group Inc. | 144 | 26 | |
Mercantile Bank Corp. | 836 | 26 | |
Arrow Financial Corp. | 683 | 25 | |
* | Assetmark Financial Holdings Inc. | 915 | 25 |
Dynex Capital Inc. | 1,433 | 25 | |
First Financial Corp. | 616 | 25 | |
Hingham Institution for Savings | 76 | 25 | |
Banco Latinoamericano de Comercio Exterior SA Class E | 1,469 | 25 | |
* | Oportun Financial Corp. | 992 | 25 |
Alerus Financial Corp. | 845 | 25 | |
Bank First Corp. | 344 | 24 | |
Bank of Marin Bancorp | 672 | 24 | |
First of Long Island Corp. | 1,149 | 24 | |
Orchid Island Capital Inc. | 4,777 | 24 | |
Republic Bancorp Inc. Class A | 475 | 24 | |
Business First Bancshares Inc. | 981 | 23 | |
CBTX Inc. | 837 | 23 | |
Independence Holding Co. | 460 | 23 |
Shares | Market Value• ($000) | ||
* | Equity Bancshares Inc. Class A | 671 | 22 |
Independent Bank Corp. | 1,066 | 22 | |
MidWestOne Financial Group Inc. | 734 | 22 | |
Oppenheimer Holdings Inc. Class A | 466 | 22 | |
Regional Management Corp. | 367 | 22 | |
Reliant Bancorp Inc. | 771 | 22 | |
West BanCorp. Inc | 714 | 22 | |
Capstar Financial Holdings Inc. | 1,035 | 22 | |
Metrocity Bankshares Inc. | 1,041 | 22 | |
American National Bankshares Inc. | 615 | 21 | |
Civista Bancshares Inc. | 884 | 21 | |
Citizens & Northern Corp. | 787 | 20 | |
MVB Financial Corp. | 495 | 20 | |
RBB Bancorp | 793 | 20 | |
Primis Financial Corp. | 1,326 | 20 | |
Bar Harbor Bankshares | 685 | 19 | |
HomeTrust Bancshares Inc. | 686 | 19 | |
Merchants Bancorp | 526 | 19 | |
SmartFinancial Inc. | 757 | 19 | |
Universal Insurance Holdings Inc. | 1,363 | 19 | |
* | Bridgewater Bancshares Inc. | 1,097 | 18 |
Curo Group Holdings Corp. | 1,070 | 18 | |
Farmers National Banc Corp. | 1,180 | 18 | |
Great Ajax Corp. | 1,249 | 18 | |
Sierra Bancorp | 691 | 18 | |
* | Southern First Bancshares Inc. | 344 | 18 |
* | Carter Bankshares Inc. | 1,455 | 18 |
GCM Grosvenor Inc. Class A | 1,658 | 18 | |
Southern Missouri Bancorp Inc. | 377 | 17 | |
Old Second Bancorp Inc. | 1,349 | 16 | |
Spirit of Texas Bancshares Inc. | 662 | 16 | |
* | Coastal Financial Corp. | 561 | 16 |
UWM Holdings Corp. | 2,168 | 16 | |
Capital City Bank Group Inc. | 627 | 15 | |
Century Bancorp Inc. Class A | 129 | 15 | |
* | EZCorp. Inc. Class A | 2,205 | 15 |
Blue Ridge Bankshares Inc. | 873 | 15 | |
Enterprise Bancorp Inc. | 409 | 14 | |
Guaranty Bancshares Inc. | 398 | 14 | |
Home Bancorp Inc. | 368 | 14 | |
Northrim BanCorp Inc. | 322 | 14 | |
PCSB Financial Corp. | 778 | 14 | |
Peoples Financial Services Corp. | 314 | 14 | |
* | Citizens Inc. Class A | 2,096 | 13 |
Donegal Group Inc. Class A | 840 | 13 | |
First Bank | 979 | 13 | |
* | Howard Bancorp Inc. | 678 | 13 |
Mid Penn Bancorp Inc. | 499 | 13 | |
Provident Bancorp Inc. | 794 | 13 | |
FS Bancorp Inc. | 360 | 12 | |
First Internet Bancorp | 401 | 12 | |
Greenhill & Co. Inc. | 808 | 12 | |
Investors Title Co. | 63 | 12 | |
Luther Burbank Corp. | 906 | 12 | |
Orrstown Financial Services Inc. | 508 | 12 | |
Summit Financial Group Inc. | 505 | 12 | |
Fidelity D&D Bancorp Inc. | 224 | 12 |
Shares | Market Value• ($000) | ||
* | GoHealth Inc. Class A | 2,531 | 12 |
Red River Bancshares Inc. | 231 | 12 | |
* | Ocwen Financial Corp. | 411 | 12 |
* | Ryan Specialty Group Holdings Inc. Class A | 380 | 12 |
Premier Financial Bancorp Inc. | 586 | 11 | |
Tiptree Inc. | 1,054 | 11 | |
* | Maiden Holdings Ltd. | 3,520 | 11 |
Macatawa Bank Corp. | 1,351 | 11 | |
Capital Bancorp Inc. | 468 | 11 | |
South Plains Financial Inc. | 474 | 11 | |
Marlin Business Services Corp. | 429 | 10 | |
* | Greenlight Capital Re Ltd. Class A | 1,163 | 10 |
Crawford & Co. Class A | 861 | 9 | |
Heritage Insurance Holdings Inc. | 1,286 | 9 | |
Amalgamated Financial Corp. | 558 | 9 | |
* | Finance of America Cos. Inc. Class A | 1,699 | 9 |
Pzena Investment Management Inc. Class A | 726 | 8 | |
* | Trean Insurance Group Inc. | 788 | 8 |
AFC Gamma Inc. | 370 | 8 | |
* | Republic First Bancorp Inc. | 1,992 | 7 |
HBT Financial Inc. | 424 | 7 | |
* | MetroMile Inc. | 1,854 | 7 |
GAMCO Investors Inc. Class A | 224 | 6 | |
* | NI Holdings Inc. | 304 | 6 |
* | Pioneer Bancorp Inc. | 500 | 6 |
* | Velocity Financial LLC | 431 | 6 |
Five Star Bancorp | 268 | 6 | |
Associated Capital Group Inc. Class A | 145 | 5 | |
Angel Oak Mortgage Inc. | 232 | 4 | |
United Insurance Holdings Corp. | 914 | 3 | |
253,998 | |||
Health Care (13.1%) | |||
Johnson & Johnson | 129,787 | 22,470 | |
UnitedHealth Group Inc. | 46,325 | 19,284 | |
Pfizer Inc. | 275,196 | 12,678 | |
Abbott Laboratories | 85,644 | 10,823 | |
Eli Lilly & Co. | 41,809 | 10,799 | |
Thermo Fisher Scientific Inc. | 19,410 | 10,772 | |
AbbVie Inc. | 87,212 | 10,533 | |
Danaher Corp. | 31,202 | 10,114 | |
Merck & Co. Inc. | 125,038 | 9,539 | |
Medtronic plc | 66,163 | 8,831 | |
Bristol-Myers Squibb Co. | 109,963 | 7,352 | |
Amgen Inc. | 28,285 | 6,379 | |
* | Moderna Inc. | 16,675 | 6,281 |
* | Intuitive Surgical Inc. | 5,826 | 6,138 |
Zoetis Inc. | 23,362 | 4,779 | |
Stryker Corp. | 17,189 | 4,763 | |
Anthem Inc. | 12,089 | 4,535 | |
Gilead Sciences Inc. | 61,903 | 4,505 | |
Becton Dickinson and Co. | 14,219 | 3,579 | |
* | Edwards Lifesciences Corp. | 30,405 | 3,563 |
Cigna Corp. | 16,793 | 3,554 | |
* | Regeneron Pharmaceuticals Inc. | 4,946 | 3,331 |
* | Illumina Inc. | 7,188 | 3,286 |
HCA Healthcare Inc. | 12,822 | 3,244 |
Shares | Market Value• ($000) | ||
* | Boston Scientific Corp. | 69,890 | 3,156 |
* | IDEXX Laboratories Inc. | 4,160 | 2,803 |
* | Align Technology Inc. | 3,890 | 2,758 |
Agilent Technologies Inc. | 15,144 | 2,657 | |
Humana Inc. | 6,385 | 2,589 | |
* | Vertex Pharmaceuticals Inc. | 12,789 | 2,562 |
* | DexCom Inc. | 4,762 | 2,521 |
* | Biogen Inc. | 7,398 | 2,507 |
* | IQVIA Holdings Inc. | 9,452 | 2,455 |
* | Veeva Systems Inc. Class A | 6,858 | 2,277 |
ResMed Inc. | 7,136 | 2,073 | |
Baxter International Inc. | 24,793 | 1,890 | |
* | Centene Corp. | 28,536 | 1,797 |
West Pharmaceutical Services Inc. | 3,589 | 1,621 | |
Zimmer Biomet Holdings Inc. | 10,306 | 1,551 | |
* | Laboratory Corp. of America Holdings | 4,784 | 1,451 |
* | Alnylam Pharmaceuticals Inc. | 5,729 | 1,154 |
* | Horizon Therapeutics plc | 10,662 | 1,152 |
Cerner Corp. | 14,778 | 1,128 | |
* | Avantor Inc. | 28,340 | 1,118 |
* | Seagen Inc. | 6,518 | 1,092 |
* | Charles River Laboratories International Inc. | 2,451 | 1,088 |
Cooper Cos. Inc. | 2,380 | 1,073 | |
STERIS plc | 4,843 | 1,041 | |
* | Catalent Inc. | 7,926 | 1,034 |
* | Teladoc Health Inc. | 7,155 | 1,033 |
PerkinElmer Inc. | 5,481 | 1,013 | |
* | Hologic Inc. | 12,419 | 983 |
Quest Diagnostics Inc. | 6,382 | 975 | |
* | Insulet Corp. | 3,229 | 962 |
Bio-Techne Corp. | 1,901 | 949 | |
Teleflex Inc. | 2,295 | 908 | |
* | Exact Sciences Corp. | 8,331 | 870 |
Viatris Inc. | 59,036 | 864 | |
* | Novavax Inc. | 3,605 | 860 |
* | Bio-Rad Laboratories Inc. Class A | 1,047 | 843 |
* | ABIOMED Inc. | 2,171 | 790 |
* | Molina Healthcare Inc. | 2,832 | 761 |
* | Repligen Corp. | 2,661 | 753 |
* | BioMarin Pharmaceutical Inc. | 8,907 | 750 |
Cardinal Health Inc. | 14,257 | 748 | |
* | Elanco Animal Health Inc. (XNYS) | 21,749 | 726 |
* | 10X Genomics Inc. Class A | 4,084 | 718 |
* | Incyte Corp. | 9,026 | 690 |
* | Novocure Ltd. | 5,002 | 671 |
* | Masimo Corp. | 2,445 | 664 |
DENTSPLY SIRONA Inc. | 10,653 | 657 | |
* | QIAGEN NV | 11,050 | 617 |
Royalty Pharma plc Class A | 15,872 | 613 | |
Universal Health Services Inc. Class B | 3,822 | 595 | |
* | Guardant Health Inc. | 4,382 | 558 |
* | Intellia Therapeutics Inc. | 3,299 | 530 |
* | Henry Schein Inc. | 6,881 | 520 |
Hill-Rom Holdings Inc. | 3,235 | 471 | |
* | Syneos Health Inc. | 4,995 | 463 |
* | United Therapeutics Corp. | 2,148 | 462 |
* | Penumbra Inc. | 1,643 | 452 |
* | Natera Inc. | 3,797 | 450 |
* | DaVita Inc. | 3,415 | 447 |
Bruker Corp. | 4,994 | 441 | |
* | Neurocrine Biosciences Inc. | 4,570 | 435 |
Shares | Market Value• ($000) | ||
Organon & Co. | 12,397 | 420 | |
* | Tenet Healthcare Corp. | 5,126 | 386 |
* | Jazz Pharmaceuticals plc | 2,886 | 380 |
Encompass Health Corp. | 4,764 | 374 | |
* | PPD Inc. | 7,880 | 365 |
Chemed Corp. | 762 | 363 | |
* | Shockwave Medical Inc. | 1,637 | 351 |
* | STAAR Surgical Co. | 2,262 | 349 |
* | Biohaven Pharmaceutical Holding Co. Ltd. | 2,609 | 342 |
* | Acceleron Pharma Inc. | 2,537 | 340 |
* | Envista Holdings Corp. | 7,851 | 336 |
* | Tandem Diabetes Care Inc. | 2,971 | 333 |
* | Arrowhead Pharmaceuticals Inc. | 4,872 | 327 |
* | Mirati Therapeutics Inc. | 1,894 | 321 |
* | Omnicell Inc. | 2,061 | 320 |
* | Globus Medical Inc. Class A | 3,789 | 309 |
* | Ultragenyx Pharmaceutical Inc. | 3,145 | 303 |
* | Pacific Biosciences of California Inc. | 9,419 | 295 |
* | Exelixis Inc. | 15,074 | 289 |
* | Amedisys Inc. | 1,572 | 288 |
* | Sarepta Therapeutics Inc. | 3,683 | 288 |
* | Inspire Medical Systems Inc. | 1,286 | 287 |
* | Invitae Corp. | 9,682 | 287 |
* | Fate Therapeutics Inc. | 3,904 | 286 |
* | Halozyme Therapeutics Inc. | 6,818 | 286 |
* | Acadia Healthcare Co. Inc. | 4,278 | 283 |
* | Medpace Holdings Inc. | 1,512 | 276 |
* | LHC Group Inc. | 1,473 | 275 |
* | Ionis Pharmaceuticals Inc. | 6,777 | 269 |
* | NeoGenomics Inc. | 5,463 | 266 |
Perrigo Co. plc | 6,490 | 266 | |
* | Integra LifeSciences Holdings Corp. | 3,522 | 265 |
* | Blueprint Medicines Corp. | 2,805 | 262 |
* | Twist Bioscience Corp. | 2,306 | 261 |
* | Bridgebio Pharma Inc. | 5,162 | 259 |
* | HealthEquity Inc. | 3,944 | 253 |
* | Beam Therapeutics Inc. | 2,271 | 252 |
* | Alkermes plc | 7,628 | 238 |
* | Quidel Corp. | 1,823 | 235 |
* | Oak Street Health Inc. | 5,036 | 235 |
* | Denali Therapeutics Inc. | 4,393 | 234 |
* | Neogen Corp. | 5,137 | 225 |
Premier Inc. Class A | 5,892 | 219 | |
* | Maravai LifeSciences Holdings Inc. Class A | 3,639 | 215 |
* | Editas Medicine Inc. Class A | 3,293 | 209 |
* | Apellis Pharmaceuticals Inc. | 3,123 | 206 |
Ensign Group Inc. | 2,515 | 205 | |
* | Nevro Corp. | 1,684 | 205 |
* | ICU Medical Inc. | 974 | 194 |
* | Livanova plc | 2,348 | 194 |
* | Adaptive Biotechnologies Corp. | 5,267 | 191 |
Select Medical Holdings Corp. | 5,298 | 183 | |
* | Arvinas Inc. | 2,100 | 181 |
CONMED Corp. | 1,364 | 179 | |
* | Merit Medical Systems Inc. | 2,457 | 176 |
* | CareDx Inc. | 2,392 | 175 |
* | Progyny Inc. | 3,035 | 170 |
*,1 | CureVac NV | 2,583 | 170 |
Shares | Market Value• ($000) | ||
* | Turning Point Therapeutics Inc. | 2,188 | 169 |
* | Iovance Biotherapeutics Inc. | 6,995 | 168 |
* | TG Therapeutics Inc. | 6,156 | 167 |
* | Veracyte Inc. | 3,281 | 158 |
* | AtriCure Inc. | 2,120 | 156 |
* | NuVasive Inc. | 2,491 | 155 |
* | Haemonetics Corp. | 2,457 | 154 |
* | Kodiak Sciences Inc. | 1,635 | 154 |
* | Arena Pharmaceuticals Inc. | 2,867 | 152 |
* | Integer Holdings Corp. | 1,540 | 152 |
* | Axonics Inc. | 1,981 | 149 |
* | Vir Biotechnology Inc. | 2,886 | 149 |
* | Emergent BioSolutions Inc. | 2,341 | 148 |
* | Inovalon Holdings Inc. Class A | 3,612 | 148 |
* | Allakos Inc. | 1,647 | 147 |
* | PTC Therapeutics Inc. | 3,254 | 142 |
* | Reata Pharmaceuticals Inc. Class A | 1,332 | 142 |
* | Option Care Health Inc. | 5,219 | 140 |
* | Amicus Therapeutics Inc. | 12,216 | 139 |
* | Insmed Inc. | 4,890 | 137 |
* | 1Life Healthcare Inc. | 5,591 | 137 |
* | BioCryst Pharmaceuticals Inc. | 8,532 | 136 |
* | Prestige Consumer Healthcare Inc. | 2,329 | 134 |
* | Inari Medical Inc. | 1,633 | 134 |
* | Apollo Medical Holdings Inc. | 1,743 | 132 |
* | Agios Pharmaceuticals Inc. | 2,941 | 131 |
* | Nektar Therapeutics Class A | 8,447 | 131 |
Owens & Minor Inc. | 3,514 | 131 | |
* | Myriad Genetics Inc. | 3,629 | 130 |
* | Glaukos Corp. | 2,162 | 129 |
* | Phreesia Inc. | 1,806 | 129 |
Patterson Cos. Inc. | 4,066 | 125 | |
* | Karuna Therapeutics Inc. | 1,054 | 125 |
* | NanoString Technologies Inc. | 2,118 | 123 |
* | Pacira BioSciences Inc. | 2,072 | 123 |
* | R1 RCM Inc. | 6,254 | 123 |
* | Vericel Corp. | 2,249 | 122 |
* | Translate Bio Inc. | 3,235 | 121 |
* | Heska Corp. | 451 | 120 |
* | Sorrento Therapeutics Inc. | 12,969 | 117 |
* | ModivCare Inc. | 591 | 117 |
* | Sage Therapeutics Inc. | 2,478 | 115 |
* | Prothena Corp. plc | 1,717 | 115 |
* | Multiplan Corp. | 19,245 | 115 |
* | Health Catalyst Inc. | 2,087 | 114 |
* | MEDNAX Inc. | 3,538 | 114 |
* | Accolade Inc. | 2,408 | 114 |
* | Zentalis Pharmaceuticals Inc. | 1,669 | 114 |
* | Magellan Health Inc. | 1,191 | 113 |
* | Intra-Cellular Therapies Inc. | 3,341 | 111 |
* | Cytokinetics Inc. | 3,266 | 108 |
* | Outset Medical Inc. | 2,185 | 108 |
* | Cassava Sciences Inc. | 1,849 | 105 |
* | Celldex Therapeutics Inc. | 1,980 | 104 |
* | Dynavax Technologies Corp. | 5,285 | 103 |
* | SpringWorks Therapeutics Inc. | 1,373 | 103 |
* | Protagonist Therapeutics Inc. | 2,080 | 101 |
* | American Well Corp. Class A | 9,327 | 100 |
* | ACADIA Pharmaceuticals Inc. | 5,630 | 99 |
* | Cortexyme Inc. | 1,006 | 97 |
* | Atea Pharmaceuticals Inc. | 3,266 | 97 |
Shares | Market Value• ($000) | ||
* | Evolent Health Inc. Class A | 3,907 | 96 |
* | AdaptHealth Corp. Class A | 3,984 | 96 |
* | Corcept Therapeutics Inc. | 4,486 | 95 |
* | Sotera Health Co. | 3,900 | 95 |
* | Ligand Pharmaceuticals Inc. | 712 | 94 |
* | Silk Road Medical Inc. | 1,581 | 94 |
* | Fulgent Genetics Inc. | 1,026 | 94 |
Healthcare Services Group Inc. | 3,552 | 93 | |
* | Kymera Therapeutics Inc. | 1,460 | 91 |
* | Lantheus Holdings Inc. | 3,410 | 90 |
* | Relay Therapeutics Inc. | 2,770 | 89 |
* | Ortho Clinical Diagnostics Holdings plc Class H | 4,365 | 89 |
* | agilon health Inc. | 2,550 | 89 |
* | Revance Therapeutics Inc. | 3,271 | 88 |
* | Inovio Pharmaceuticals Inc. | 10,066 | 87 |
* | Ironwood Pharmaceuticals Inc. Class A | 6,645 | 87 |
* | REVOLUTION Medicines Inc. | 3,001 | 87 |
* | Xencor Inc. | 2,532 | 86 |
* | Trillium Therapeutics Inc. | 4,943 | 85 |
* | Senseonics Holdings Inc. | 20,987 | 84 |
* | MiMedx Group Inc. | 5,612 | 83 |
* | Castle Biosciences Inc. | 1,077 | 83 |
* | Bionano Genomics Inc. | 14,216 | 83 |
* | Berkeley Lights Inc. | 2,297 | 82 |
* | Codexis Inc. | 2,950 | 80 |
* | Global Blood Therapeutics Inc. | 2,805 | 80 |
* | Quanterix Corp. | 1,560 | 80 |
* | Alector Inc. | 2,910 | 79 |
* | Avanos Medical Inc. | 2,361 | 78 |
* | Community Health Systems Inc. | 6,279 | 77 |
* | OPKO Health Inc. | 19,876 | 77 |
* | Allogene Therapeutics Inc. | 3,169 | 76 |
U.S. Physical Therapy Inc. | 647 | 76 | |
* | CorVel Corp. | 454 | 75 |
* | Avid Bioservices Inc. | 3,049 | 74 |
* | Surgery Partners Inc. | 1,504 | 74 |
* | Addus HomeCare Corp. | 797 | 72 |
* | BioLife Solutions Inc. | 1,235 | 72 |
* | Joint Corp. | 691 | 71 |
* | RadNet Inc. | 2,262 | 71 |
*,1 | Ocugen Inc. | 9,331 | 71 |
* | Arcus Biosciences Inc. | 2,407 | 70 |
* | iRhythm Technologies Inc. | 1,461 | 70 |
* | C4 Therapeutics Inc. | 1,740 | 70 |
* | Brookdale Senior Living Inc. | 9,344 | 68 |
* | Dicerna Pharmaceuticals Inc. | 3,283 | 68 |
* | MacroGenics Inc. | 2,882 | 68 |
* | Supernus Pharmaceuticals Inc. | 2,486 | 68 |
* | Morphic Holding Inc. | 1,047 | 66 |
* | Cardiovascular Systems Inc. | 1,821 | 65 |
* | Rocket Pharmaceuticals Inc. | 1,858 | 64 |
* | Atara Biotherapeutics Inc. | 4,200 | 63 |
* | ALX Oncology Holdings Inc. | 896 | 63 |
* | Anavex Life Sciences Corp. | 3,183 | 62 |
* | ImmunoGen Inc. | 10,244 | 62 |
* | Arcturus Therapeutics Holdings Inc. | 1,132 | 62 |
* | Agenus Inc. | 9,949 | 61 |
* | Travere Thrapeutics Inc. | 2,798 | 61 |
* | Inogen Inc. | 990 | 59 |
* | Bluebird Bio Inc. | 3,158 | 58 |
Shares | Market Value• ($000) | ||
* | Kura Oncology Inc. | 3,119 | 58 |
* | MannKind Corp. | 12,065 | 58 |
* | REGENXBIO Inc. | 1,801 | 58 |
* | Sangamo Therapeutics Inc. | 5,721 | 57 |
* | Scholar Rock Holding Corp. | 1,430 | 57 |
* | Varex Imaging Corp. | 1,942 | 57 |
* | Certara Inc. | 1,704 | 57 |
* | Deciphera Pharmaceuticals Inc. | 1,782 | 56 |
* | OptimizeRx Corp. | 846 | 56 |
* | Cerevel Therapeutics Holdings Inc. | 1,777 | 56 |
* | AngioDynamics Inc. | 1,933 | 55 |
* | Cerus Corp. | 8,581 | 55 |
* | Heron Therapeutics Inc. | 4,704 | 55 |
* | Generation Bio Co. | 2,188 | 55 |
* | Y-mAbs Therapeutics Inc. | 1,766 | 54 |
* | Nurix Therapeutics Inc. | 1,667 | 54 |
* | Vaxart Inc. | 6,038 | 54 |
* | Coherus Biosciences Inc. | 3,339 | 53 |
Atrion Corp. | 75 | 52 | |
* | Krystal Biotech Inc. | 906 | 52 |
LeMaitre Vascular Inc. | 910 | 52 | |
* | Tivity Health Inc. | 2,236 | 52 |
* | Pulmonx Corp. | 1,285 | 52 |
* | CryoLife Inc. | 1,926 | 51 |
* | Omeros Corp. | 3,140 | 51 |
* | Alphatec Holdings Inc. | 3,477 | 50 |
* | FibroGen Inc. | 4,288 | 50 |
* | Vaxcyte Inc. | 1,897 | 50 |
* | OrthoPediatrics Corp. | 701 | 49 |
* | Rubius Therapeutics Inc. | 2,277 | 49 |
* | Kadmon Holdings Inc. | 8,736 | 48 |
* | Mersana Therapeutics Inc. | 3,478 | 48 |
National HealthCare Corp. | 647 | 48 | |
* | Sutro Biopharma Inc. | 2,189 | 48 |
* | Intersect ENT Inc. | 1,710 | 47 |
* | Mind Medicine Mindmed Inc. | 16,268 | 47 |
* | Enanta Pharmaceuticals Inc. | 799 | 46 |
* | Innoviva Inc. | 3,003 | 46 |
* | Natus Medical Inc. | 1,731 | 46 |
* | Vanda Pharmaceuticals Inc. | 2,770 | 46 |
* | Hanger Inc. | 1,897 | 45 |
* | Triple-S Management Corp. Class B | 1,265 | 45 |
* | Dermtech Inc. | 1,197 | 45 |
* | IVERIC bio Inc. | 4,208 | 44 |
* | NextGen Healthcare Inc. | 2,880 | 44 |
* | TransMedics Group Inc. | 1,357 | 44 |
* | ViewRay Inc. | 7,220 | 44 |
* | Crinetics Pharmaceuticals Inc. | 1,842 | 43 |
* | Cutera Inc. | 873 | 43 |
* | Tactile Systems Technology Inc. | 972 | 43 |
* | Zogenix Inc. | 2,926 | 43 |
* | Meridian Bioscience Inc. | 2,085 | 42 |
* | Surmodics Inc. | 697 | 42 |
* | ChemoCentryx Inc. | 2,616 | 41 |
* | HealthStream Inc. | 1,359 | 41 |
* | Madrigal Pharmaceuticals Inc. | 493 | 41 |
* | Replimune Group Inc. | 1,302 | 41 |
* | Affimed NV | 5,862 | 41 |
* | Kronos Bio Inc. | 1,962 | 41 |
* | Ocular Therapeutix Inc. | 3,809 | 40 |
Shares | Market Value• ($000) | ||
* | Orthofix Medical Inc. | 936 | 40 |
* | SI-BONE Inc. | 1,625 | 40 |
* | Syndax Pharmaceuticals Inc. | 2,271 | 40 |
* | Pennant Group Inc. | 1,296 | 40 |
* | Inhibrx Inc. | 1,411 | 40 |
* | PMV Pharmaceuticals Inc. | 1,326 | 40 |
* | Curis Inc. | 4,372 | 39 |
* | Amphastar Pharmaceuticals Inc. | 1,939 | 38 |
* | OraSure Technologies Inc. | 3,442 | 38 |
* | Personalis Inc. | 1,801 | 38 |
* | Harmony Biosciences Holdings Inc. | 1,130 | 38 |
* | Humanigen Inc. | 2,266 | 38 |
* | ImmunityBio Inc. | 3,379 | 38 |
* | Homology Medicines Inc. | 5,088 | 37 |
National Research Corp. | 694 | 37 | |
* | Applied Molecular Transport Inc. | 1,225 | 37 |
* | Forma Therapeutics Holdings Inc. | 1,542 | 37 |
* | Aclaris Therapeutics Inc. | 2,191 | 36 |
* | Tabula Rasa HealthCare Inc. | 1,158 | 36 |
* | Phathom Pharmaceuticals Inc. | 1,023 | 36 |
* | Cara Therapeutics Inc. | 2,229 | 35 |
* | PetIQ Inc. Class A | 1,336 | 35 |
* | NGM Biopharmaceuticals Inc. | 1,595 | 35 |
* | BeyondSpring Inc. | 1,128 | 35 |
* | Avidity Biosciences Inc. | 1,529 | 35 |
* | Antares Pharma Inc. | 8,604 | 34 |
* | Collegium Pharmaceutical Inc. | 1,671 | 34 |
* | Fulcrum Therapeutics Inc. | 1,156 | 34 |
* | Axogen Inc. | 1,930 | 33 |
* | Axsome Therapeutics Inc. | 1,281 | 33 |
* | Gossamer Bio Inc. | 3,350 | 33 |
* | Radius Health Inc. | 2,393 | 33 |
* | Precision BioSciences Inc. | 2,657 | 33 |
* | VBI Vaccines Inc. | 9,019 | 33 |
* | Ideaya Biosciences Inc. | 1,418 | 33 |
* | ORIC Pharmaceuticals Inc. | 1,488 | 33 |
* | Sana Biotechnology Inc. | 1,356 | 33 |
* | Anika Therapeutics Inc. | 733 | 32 |
* | Eagle Pharmaceuticals Inc. | 592 | 32 |
* | Vapotherm Inc. | 1,171 | 32 |
* | Amneal Pharmaceuticals Inc. | 5,436 | 31 |
* | Rigel Pharmaceuticals Inc. | 8,116 | 31 |
* | Akero Therapeutics Inc. | 1,300 | 31 |
* | Organogenesis Holdings Inc. Class A | 1,812 | 31 |
* | Aerie Pharmaceuticals Inc. | 1,995 | 30 |
* | G1 Therapeutics Inc. | 1,980 | 30 |
* | Rapt Therapeutics Inc. | 908 | 30 |
* | Allovir Inc. | 1,543 | 30 |
* | Arcutis Biotherapeutics Inc. | 1,397 | 30 |
* | iTeos Therapeutics Inc. | 1,045 | 30 |
* | Privia Health Group Inc. | 991 | 30 |
* | Catalyst Pharmaceuticals Inc. | 5,286 | 29 |
* | Rhythm Pharmaceuticals Inc. | 2,225 | 29 |
* | IGM Biosciences Inc. | 410 | 29 |
* | Precigen Inc. | 4,789 | 29 |
* | Seer Inc. Class A | 723 | 29 |
* | VistaGen Therapeutics Inc. | 9,654 | 29 |
* | PAVmed Inc. | 3,875 | 28 |
* | Shattuck Labs Inc. | 1,345 | 28 |
Shares | Market Value• ($000) | ||
* | Signify Health Inc. Class A | 1,074 | 28 |
* | Chimerix Inc. | 3,787 | 27 |
* | Dyne Therapeutics Inc. | 1,578 | 27 |
* | Recursion Pharmaceuticals Inc. Class A | 1,067 | 27 |
* | Oramed Pharmaceuticals Inc. | 1,348 | 27 |
* | Fluidigm Corp. | 3,605 | 26 |
Phibro Animal Health Corp. Class A | 1,069 | 26 | |
* | Albireo Pharma Inc. | 849 | 26 |
* | Annexon Inc. | 1,576 | 26 |
* | Asensus Surgical Inc. | 11,823 | 26 |
* | Computer Programs and Systems Inc. | 715 | 25 |
* | SeaSpine Holdings Corp. | 1,492 | 25 |
* | Endo International plc | 11,082 | 25 |
* | Stoke Therapeutics Inc. | 965 | 25 |
* | TCR2 Therapeutics Inc. | 1,507 | 25 |
* | Passage Bio Inc. | 2,070 | 25 |
* | Altimmune Inc. | 1,642 | 25 |
* | Keros Therapeutics Inc. | 742 | 25 |
* | BioAtla Inc. | 605 | 25 |
* | Akebia Therapeutics Inc. | 8,059 | 24 |
* | AnaptysBio Inc. | 948 | 24 |
* | Clovis Oncology Inc. | 5,023 | 24 |
* | Avita Medical Inc. | 1,206 | 24 |
* | Praxis Precision Medicines Inc. | 1,233 | 24 |
* | Alignment Healthcare Inc. | 1,331 | 24 |
* | Agiliti Inc. | 1,143 | 24 |
* | Aldeyra Therapeutics Inc. | 2,450 | 23 |
* | Epizyme Inc. | 4,528 | 23 |
* | Seres Therapeutics Inc. | 3,511 | 23 |
* | Spero Therapeutics Inc. | 1,217 | 23 |
* | Bioxcel Therapeutics Inc. | 772 | 23 |
* | Nkarta Inc. | 714 | 23 |
* | Marinus Pharmaceuticals Inc. | 1,865 | 23 |
* | Geron Corp. (XNGS) | 15,223 | 22 |
* | Verastem Inc. | 8,439 | 22 |
* | Theravance Biopharma Inc. | 2,684 | 22 |
* | Pliant Therapeutics Inc. | 1,228 | 22 |
* | Taysha Gene Therapies Inc. | 1,124 | 22 |
* | Chinook Therapeutics Inc. | 1,587 | 22 |
* | Atossa Therapeutics Inc. | 5,913 | 22 |
* | Accuray Inc. | 5,068 | 21 |
* | BioDelivery Sciences International Inc. | 5,443 | 21 |
* | CEL-SCI Corp. | 1,835 | 21 |
* | CytoSorbents Corp. | 2,236 | 21 |
* | Intercept Pharmaceuticals Inc. | 1,404 | 21 |
* | Karyopharm Therapeutics Inc. | 3,592 | 21 |
* | UFP Technologies Inc. | 307 | 21 |
* | Prelude Therapeutics Inc. | 577 | 21 |
* | Apyx Medical Corp. | 1,669 | 20 |
* | KalVista Pharmaceuticals Inc. | 1,003 | 20 |
* | Selecta Biosciences Inc. | 4,627 | 20 |
* | Viking Therapeutics Inc. | 3,013 | 20 |
* | Eargo Inc. | 977 | 20 |
* | Butterfly Network Inc. | 1,649 | 20 |
* | Gritstone bio Inc. | 2,036 | 19 |
* | Provention Bio Inc. | 2,803 | 19 |
* | MeiraGTx Holdings plc | 1,499 | 19 |
* | Cullinan Oncology Inc. | 669 | 19 |
* | Athenex Inc. | 4,920 | 18 |
* | ChromaDex Corp. | 2,116 | 18 |
Shares | Market Value• ($000) | ||
* | Sientra Inc. | 2,893 | 18 |
* | Spectrum Pharmaceuticals Inc. | 7,796 | 18 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 1,470 | 18 |
* | ClearPoint Neuro Inc. | 950 | 18 |
* | Olema Pharmaceuticals Inc. | 613 | 18 |
* | Aveanna Healthcare Holdings Inc. | 1,952 | 18 |
* | Athersys Inc. | 9,892 | 17 |
* | CytomX Therapeutics Inc. | 3,274 | 17 |
* | Evolus Inc. | 1,628 | 17 |
* | ZIOPHARM Oncology Inc. | 10,480 | 17 |
* | Evelo Biosciences Inc. | 1,532 | 17 |
* | Forte Biosciences Inc. | 569 | 17 |
* | Immunovant Inc. | 1,925 | 17 |
* | Athira Pharma Inc. | 1,634 | 17 |
* | Instil Bio Inc. | 879 | 17 |
* | Inotiv Inc. | 654 | 17 |
* | Nuvation Bio Inc. | 1,792 | 17 |
* | Viracta Therapeutics Inc. | 1,832 | 17 |
* | Ampio Pharmaceuticals Inc. | 9,606 | 16 |
* | Cue Biopharma Inc. | 1,361 | 16 |
* | Esperion Therapeutics Inc. | 1,261 | 16 |
* | Harvard Bioscience Inc. | 1,953 | 16 |
* | Lexicon Pharmaceuticals Inc. | 3,417 | 16 |
* | MEI Pharma Inc. | 5,586 | 16 |
* | Misonix Inc. | 620 | 16 |
* | SIGA Technologies Inc. | 2,399 | 16 |
* | Pulse Biosciences Inc. | 634 | 16 |
* | Relmada Therapeutics Inc. | 678 | 16 |
* | Stereotaxis Inc. | 2,249 | 16 |
* | Infinity Pharmaceuticals Inc. | 4,401 | 16 |
* | Neoleukin Therapeutics Inc. | 2,005 | 16 |
* | 4D Molecular Therapeutics Inc. | 535 | 16 |
* | Cogent Biosciences Inc. | 1,876 | 16 |
* | Lineage Cell Therapeutics Inc. | 6,116 | 15 |
* | Oncocyte Corp. | 3,773 | 15 |
* | TherapeuticsMD Inc. | 18,746 | 15 |
* | UroGen Pharma Ltd. | 873 | 15 |
* | InfuSystem Holdings Inc. | 1,038 | 15 |
* | Aligos Therapeutics Inc. | 904 | 15 |
* | SQZ Biotechnologies Co. | 1,148 | 15 |
* | Brooklyn ImmunoTherapeutics Inc. | 1,203 | 15 |
* | Aeglea BioTherapeutics Inc. | 1,968 | 14 |
* | Avrobio Inc. | 2,108 | 14 |
* | CorMedix Inc. | 2,097 | 14 |
* | Durect Corp. | 9,795 | 14 |
* | Eiger BioPharmaceuticals Inc. | 1,754 | 14 |
* | Flexion Therapeutics Inc. | 2,423 | 14 |
XBiotech Inc. | 904 | 14 | |
* | Applied Therapeutics Inc. | 895 | 14 |
* | Akouos Inc. | 1,215 | 14 |
* | Aspira Women's Health Inc. | 3,673 | �� 14 |
* | Quotient Ltd. | 4,435 | 14 |
* | iBio Inc. | 10,920 | 14 |
* | 9 Meters Biopharma Inc. | 10,726 | 14 |
* | Codiak Biosciences Inc. | 792 | 14 |
* | Silverback Therapeutics Inc. | 618 | 14 |
* | Apria Inc. | 403 | 14 |
* | Innovage Holding Corp. | 929 | 14 |
* | Treace Medical Concepts Inc. | 554 | 14 |
* | Molecular Templates Inc. | 2,034 | 13 |
Shares | Market Value• ($000) | ||
* | Paratek Pharmaceuticals Inc. | 2,302 | 13 |
* | Syros Pharmaceuticals Inc. | 2,419 | 13 |
Utah Medical Products Inc. | 147 | 13 | |
* | ANI Pharmaceuticals Inc. | 414 | 13 |
* | iCAD Inc. | 1,085 | 13 |
* | Arbutus Biopharma Corp. | 3,923 | 13 |
* | Black Diamond Therapeutics Inc. | 1,293 | 13 |
* | Poseida Therapeutics Inc. | 1,451 | 13 |
* | Cardiff Oncology Inc. | 1,825 | 13 |
* | Foghorn Therapeutics Inc. | 986 | 13 |
* | Kinnate Biopharma Inc. | 584 | 13 |
* | Citius Pharmaceuticals Inc. | 5,743 | 13 |
* | KemPharm Inc. | 1,445 | 13 |
* | Accelerate Diagnostics Inc. | 1,953 | 12 |
* | Cymabay Therapeutics Inc. | 3,124 | 12 |
* | Invacare Corp. | 1,478 | 12 |
* | Outlook Therapeutics Inc. | 4,413 | 12 |
* | XOMA Corp. | 380 | 12 |
* | WaVe Life Sciences Ltd. | 1,890 | 12 |
* | EyePoint Pharmaceuticals Inc. | 1,066 | 12 |
* | Prometheus Biosciences Inc. | 571 | 12 |
* | Tonix Pharmaceuticals Holding Corp. | 16,490 | 12 |
* | Castlight Health Inc. Class B | 6,030 | 11 |
* | Mustang Bio Inc. | 3,503 | 11 |
* | Trevena Inc. | 8,251 | 11 |
* | Zynex Inc. | 854 | 11 |
* | Frequency Therapeutics Inc. | 1,391 | 11 |
* | 89bio Inc. | 585 | 11 |
* | Inozyme Pharma Inc. | 726 | 11 |
* | Viemed Healthcare Inc. | 1,687 | 11 |
* | Surface Oncology Inc. | 1,682 | 11 |
* | Oncorus Inc. | 1,032 | 11 |
* | 908 Devices Inc. | 314 | 11 |
* | Bolt Biotherapeutics Inc. | 602 | 11 |
* | Design Therapeutics Inc. | 681 | 11 |
* | GT Biopharma Inc. | 1,203 | 11 |
* | Forian Inc. | 912 | 11 |
* | Fortress Biotech Inc. | 3,086 | 10 |
* | Jounce Therapeutics Inc. | 1,662 | 10 |
* | Kala Pharmaceuticals Inc. | 2,911 | 10 |
* | Magenta Therapeutics Inc. | 1,510 | 10 |
* | Oncternal Therapeutics Inc. | 2,233 | 10 |
* | Puma Biotechnology Inc. | 1,334 | 10 |
* | Soliton Inc. | 494 | 10 |
* | Acutus Medical Inc. | 810 | 10 |
* | Kezar Life Sciences Inc. | 1,334 | 10 |
* | Tarsus Pharmaceuticals Inc. | 396 | 10 |
* | Edgewise Therapeutics Inc. | 624 | 10 |
* | Adverum Biotechnologies Inc. | 3,832 | 9 |
* | iRadimed Corp. | 262 | 9 |
* | Celcuity Inc. | 402 | 9 |
* | Retractable Technologies Inc. | 728 | 9 |
* | Adicet Bio Inc. | 1,056 | 9 |
* | Summit Therapeutics Inc. | 1,132 | 9 |
* | Clene Inc. | 1,158 | 9 |
* | DarioHealth Corp. | 681 | 9 |
* | Neuronetics Inc. | 1,261 | 8 |
* | Sesen Bio Inc. | 8,620 | 8 |
* | Solid Biosciences Inc. | 3,008 | 8 |
* | Harpoon Therapeutics Inc. | 838 | 8 |
* | Exagen Inc. | 549 | 8 |
* | Immunic Inc. | 780 | 8 |
* | Landos Biopharma Inc. | 567 | 8 |
Shares | Market Value• ($000) | ||
* | Seelos Therapeutics Inc. | 3,827 | 8 |
* | Vor BioPharma Inc. | 549 | 8 |
* | Greenwich Lifesciences Inc. | 204 | 8 |
* | NeuroPace Inc. | 354 | 8 |
* | Doximity Inc. Class A | 89 | 8 |
* | Avalo Therapeutics Inc. | 2,673 | 8 |
* | Atreca Inc. Class A | 1,229 | 7 |
* | Hookipa Pharma Inc. | 1,069 | 7 |
* | Kaleido Biosciences Inc. | 1,154 | 7 |
* | Oyster Point Pharma Inc. | 560 | 7 |
* | NexImmune Inc. | 467 | 7 |
* | Terns Pharmaceuticals Inc. | 504 | 7 |
* | Vincerx Pharma Inc. | 466 | 7 |
* | Rain Therapeutics Inc. | 417 | 7 |
* | Werewolf Therapeutics Inc. | 382 | 7 |
* | Ardelyx Inc. | 4,399 | 6 |
* | Verrica Pharmaceuticals Inc. | 542 | 6 |
* | Alpine Immune Sciences Inc. | 599 | 6 |
* | Biodesix Inc. | 622 | 6 |
* | SOC Telemed Inc. Class A | 2,079 | 6 |
* | Bioventus Inc. Class A | 425 | 6 |
* | Ikena Oncology Inc. | 457 | 6 |
* | Akoya Biosciences Inc. | 389 | 6 |
* | Biomea Fusion Inc. | 434 | 6 |
* | Ontrak Inc. | 390 | 5 |
* | Spruce Biosciences Inc. | 602 | 5 |
* | Angion Biomedica Corp. | 489 | 5 |
* | Sensei Biotherapeutics Inc. | 500 | 5 |
* | Finch Therapeutics Group Inc. | 380 | 5 |
* | Gemini Therapeutics Inc. | 1,102 | 5 |
* | Talaris Therapeutics Inc. | 449 | 5 |
* | Verve Therapeutics Inc. | 67 | 5 |
* | Eliem Therapeutics Inc. | 200 | 5 |
* | NantHealth Inc. | 1,762 | 4 |
*,2 | Tobira Therapeutics Inc. CVR | 937 | 4 |
* | Talis Biomedical Corp. | 494 | 4 |
* | Portage Biotech Inc. | 181 | 4 |
* | Monte Rosa Therapeutics Inc. | 106 | 4 |
* | Nuvalent Inc. Class A | 104 | 4 |
* | Adagio Therapeutics Inc. | 116 | 4 |
* | Mirum Pharmaceuticals Inc. | 211 | 3 |
* | Sigilon Therapeutics Inc. | 548 | 3 |
* | Bright Health Group Inc. | 361 | 3 |
* | Caribou Biosciences Inc. | 110 | 3 |
* | Impel Neuropharma Inc. | 89 | 2 |
* | Day One Biopharmaceuticals Inc. | 77 | 2 |
* | Convey Holding Parent Inc. | 220 | 2 |
* | Lyell Immunopharma Inc. | 123 | 2 |
* | RxSight Inc. | 119 | 2 |
* | Cytek Biosciences Inc. | 85 | 2 |
* | Immuneering Corp. Class A | 100 | 2 |
* | Tenaya Therapeutics Inc. | 81 | 2 |
*,2 | Alder Biopharmaceuticals Inc. CVR | 1,247 | 1 |
* | Reneo Pharmaceuticals Inc. | 68 | 1 |
* | Singular Genomics Systems Inc. | 47 | 1 |
* | CVRx Inc. | 60 | 1 |
* | Cyteir Therapeutics Inc. | 69 | 1 |
* | Elevation Oncology Inc. | 71 | 1 |
* | LifeStance Health Group Inc. | 63 | 1 |
* | In8bio Inc. | 200 | 1 |
* | Omega Therapeutics Inc. | 71 | 1 |
* | Sera Prognostics Inc. Class A | 105 | 1 |
Shares | Market Value• ($000) | ||
* | TScan Therapeutics Inc. | 148 | 1 |
*,2 | Elanco Animal Health Inc. | 1,951 | — |
*,2 | Synergy Pharmaceuticals Inc. | 12,927 | — |
*,2 | Progenics Pharmaceuticals Inc. CVR | 4,323 | — |
299,273 | |||
Industrials (13.6%) | |||
Visa Inc. Class A | 83,344 | 19,094 | |
* | PayPal Holdings Inc. | 57,943 | 16,726 |
Mastercard Inc. Class A | 43,086 | 14,918 | |
Accenture plc Class A | 31,255 | 10,519 | |
Honeywell International Inc. | 34,226 | 7,937 | |
Union Pacific Corp. | 32,718 | 7,095 | |
United Parcel Service Inc. Class B | 35,668 | 6,978 | |
Raytheon Technologies Corp. | 74,473 | 6,312 | |
* | Boeing Co. | 26,485 | 5,813 |
Caterpillar Inc. | 27,074 | 5,709 | |
General Electric Co. | 53,853 | 5,677 | |
3M Co. | 28,511 | 5,552 | |
American Express Co. | 32,151 | 5,336 | |
Deere & Co. | 13,941 | 5,270 | |
* | Square Inc. Class A | 19,333 | 5,183 |
Lockheed Martin Corp. | 12,190 | 4,386 | |
Automatic Data Processing Inc. | 20,942 | 4,378 | |
Fidelity National Information Services Inc. | 30,557 | 3,904 | |
Capital One Financial Corp. | 22,130 | 3,673 | |
Sherwin-Williams Co. | 12,002 | 3,645 | |
CSX Corp. | 111,797 | 3,637 | |
Illinois Tool Works Inc. | 15,527 | 3,616 | |
* | Fiserv Inc. | 29,460 | 3,470 |
Eaton Corp. plc | 19,682 | 3,314 | |
FedEx Corp. | 12,115 | 3,219 | |
Norfolk Southern Corp. | 12,294 | 3,117 | |
Emerson Electric Co. | 29,416 | 3,103 | |
Northrop Grumman Corp. | 7,430 | 2,732 | |
Johnson Controls International plc | 35,428 | 2,650 | |
General Dynamics Corp. | 12,409 | 2,486 | |
Carrier Global Corp. | 42,910 | 2,472 | |
Global Payments Inc. | 14,431 | 2,347 | |
L3Harris Technologies Inc. | 10,074 | 2,347 | |
Trane Technologies plc | 11,763 | 2,335 | |
IHS Markit Ltd. | 18,421 | 2,222 | |
Otis Worldwide Corp. | 21,200 | 1,955 | |
DuPont de Nemours Inc. | 26,256 | 1,943 | |
Parker-Hannifin Corp. | 6,351 | 1,884 | |
PPG Industries Inc. | 11,671 | 1,862 | |
Rockwell Automation Inc. | 5,689 | 1,851 | |
Paychex Inc. | 15,872 | 1,817 | |
Cintas Corp. | 4,405 | 1,743 | |
* | Mettler-Toledo International Inc. | 1,118 | 1,736 |
Cummins Inc. | 7,244 | 1,709 | |
* | Keysight Technologies Inc. | 9,197 | 1,650 |
Equifax Inc. | 5,991 | 1,631 | |
Verisk Analytics Inc. Class A | 7,842 | 1,582 | |
* | TransDigm Group Inc. | 2,575 | 1,564 |
AMETEK Inc. | 11,475 | 1,560 | |
* | Zebra Technologies Corp. Class A | 2,633 | 1,546 |
Stanley Black & Decker Inc. | 7,980 | 1,542 | |
Ball Corp. | 15,719 | 1,508 | |
Old Dominion Freight Line Inc. | 5,000 | 1,444 |
Shares | Market Value• ($000) | ||
Synchrony Financial | 28,341 | 1,410 | |
PACCAR Inc. | 16,909 | 1,384 | |
* | Generac Holdings Inc. | 3,002 | 1,312 |
Kansas City Southern | 4,520 | 1,269 | |
* | United Rentals Inc. | 3,544 | 1,250 |
* | Waters Corp. | 2,993 | 1,239 |
Dover Corp. | 7,034 | 1,226 | |
Vulcan Materials Co. | 6,479 | 1,205 | |
Xylem Inc. | 8,767 | 1,195 | |
Fortive Corp. | 16,019 | 1,183 | |
Martin Marietta Materials Inc. | 3,048 | 1,162 | |
* | Trimble Inc. | 12,249 | 1,154 |
TransUnion | 9,367 | 1,138 | |
* | FleetCor Technologies Inc. | 3,996 | 1,052 |
* | Teledyne Technologies Inc. | 2,254 | 1,044 |
Expeditors International of Washington Inc. | 8,233 | 1,026 | |
* | Bill.Com Holdings Inc. | 3,664 | 1,005 |
WW Grainger Inc. | 2,279 | 988 | |
* | Ingersoll Rand Inc. | 18,349 | 973 |
Amcor plc | 75,641 | 972 | |
Jacobs Engineering Group Inc. | 6,468 | 873 | |
IDEX Corp. | 3,846 | 861 | |
Textron Inc. | 11,039 | 802 | |
Westinghouse Air Brake Technologies Corp. | 8,905 | 800 | |
Masco Corp. | 12,874 | 782 | |
Cognex Corp. | 8,372 | 742 | |
JB Hunt Transport Services Inc. | 4,126 | 732 | |
Quanta Services Inc. | 7,157 | 731 | |
Packaging Corp. of America | 4,618 | 701 | |
Crown Holdings Inc. | 6,364 | 699 | |
Nordson Corp. | 2,892 | 690 | |
Westrock Co. | 12,738 | 663 | |
Fortune Brands Home & Security Inc. | 6,802 | 662 | |
Graco Inc. | 8,308 | 651 | |
Jack Henry & Associates Inc. | 3,622 | 639 | |
Allegion plc | 4,415 | 636 | |
* | Fair Isaac Corp. | 1,368 | 629 |
Pentair plc | 8,121 | 627 | |
* | Trex Co. Inc. | 5,667 | 622 |
Howmet Aerospace Inc. | 19,153 | 608 | |
Snap-on Inc. | 2,614 | 588 | |
CH Robinson Worldwide Inc. | 6,486 | 584 | |
Toro Co. | 5,283 | 581 | |
* | Axon Enterprise Inc. | 3,114 | 566 |
Lennox International Inc. | 1,665 | 558 | |
Robert Half International Inc. | 5,386 | 557 | |
Hubbell Inc. Class B | 2,662 | 549 | |
Booz Allen Hamilton Holding Corp. Class A | 6,664 | 546 | |
* | Mohawk Industries Inc. | 2,760 | 546 |
* | Builders FirstSource Inc. | 10,019 | 534 |
Carlisle Cos. Inc. | 2,513 | 530 | |
RPM International Inc. | 6,272 | 516 | |
HEICO Corp. Class A | 4,474 | 511 | |
* | StoneCo. Ltd. Class A | 10,775 | 501 |
* | Middleby Corp. | 2,700 | 494 |
* | Paylocity Holding Corp. | 1,822 | 490 |
Owens Corning | 5,117 | 489 | |
A O Smith Corp. | 6,478 | 471 | |
Genpact Ltd. | 9,012 | 468 | |
* | Berry Global Group Inc. | 6,758 | 454 |
Shares | Market Value• ($000) | ||
Sealed Air Corp. | 7,439 | 454 | |
* | Sensata Technologies Holding plc | 7,599 | 450 |
Watsco Inc. | 1,611 | 449 | |
* | AECOM | 6,833 | 448 |
AptarGroup Inc. | 3,225 | 435 | |
Western Union Co. | 20,039 | 434 | |
AGCO Corp. | 3,068 | 422 | |
Donaldson Co. Inc. | 6,203 | 420 | |
* | XPO Logistics Inc. | 4,754 | 413 |
Knight-Swift Transportation Holdings Inc. | 7,879 | 409 | |
ITT Inc. | 4,247 | 406 | |
* | WEX Inc. | 2,176 | 399 |
MKS Instruments Inc. | 2,705 | 398 | |
Lincoln Electric Holdings Inc. | 2,835 | 396 | |
Huntington Ingalls Industries Inc. | 1,921 | 392 | |
* | GXO Logistics Inc. | 4,754 | 389 |
Oshkosh Corp. | 3,363 | 385 | |
Tetra Tech Inc. | 2,626 | 378 | |
Brunswick Corp. | 3,790 | 367 | |
Rexnord Corp. | 5,826 | 354 | |
* | TopBuild Corp. | 1,619 | 354 |
Woodward Inc. | 2,818 | 341 | |
Littelfuse Inc. | 1,167 | 333 | |
* | Chart Industries Inc. | 1,760 | 332 |
Eagle Materials Inc. | 2,096 | 329 | |
* | Euronet Worldwide Inc. | 2,442 | 325 |
Sonoco Products Co. | 4,977 | 325 | |
ManpowerGroup Inc. | 2,662 | 323 | |
EMCOR Group Inc. | 2,635 | 320 | |
Acuity Brands Inc. | 1,710 | 316 | |
Advanced Drainage Systems Inc. | 2,769 | 316 | |
Landstar System Inc. | 1,878 | 316 | |
Louisiana-Pacific Corp. | 4,970 | 315 | |
MDU Resources Group Inc. | 9,768 | 314 | |
* | Axalta Coating Systems Ltd. | 10,293 | 314 |
* | Saia Inc. | 1,287 | 309 |
* | Coherent Inc. | 1,201 | 303 |
Vontier Corp. | 8,281 | 301 | |
Regal Beloit Corp. | 1,996 | 298 | |
MSA Safety Inc. | 1,797 | 293 | |
Exponent Inc. | 2,480 | 290 | |
Graphic Packaging Holding Co. | 13,896 | 285 | |
* | ASGN Inc. | 2,522 | 283 |
* | Colfax Corp. | 5,773 | 278 |
nVent Electric plc | 8,102 | 278 | |
* | WillScot Mobile Mini Holdings Corp. | 9,105 | 269 |
BWX Technologies Inc. | 4,634 | 266 | |
Maximus Inc. | 2,982 | 260 | |
* | AMN Healthcare Services Inc. | 2,253 | 256 |
* | WESCO International Inc. | 2,163 | 253 |
Valmont Industries Inc. | 1,008 | 251 | |
* | MasTec Inc. | 2,731 | 250 |
Crane Co. | 2,415 | 246 | |
Flowserve Corp. | 6,275 | 244 | |
Armstrong World Industries Inc. | 2,309 | 240 | |
Curtiss-Wright Corp. | 1,969 | 240 | |
Alliance Data Systems Corp. | 2,420 | 237 | |
Simpson Manufacturing Co. Inc. | 2,078 | 235 |
Shares | Market Value• ($000) | ||
* | AZEK Co. Inc. Class A | 5,384 | 229 |
HEICO Corp. | 1,797 | 228 | |
* | FTI Consulting Inc. | 1,627 | 227 |
Watts Water Technologies Inc. Class A | 1,323 | 227 | |
John Bean Technologies Corp. | 1,519 | 222 | |
* | Resideo Technologies Inc. | 6,898 | 222 |
Air Lease Corp. Class A | 5,187 | 206 | |
* | Atkore Inc. | 2,219 | 206 |
*,3 | API Group Corp. | 8,621 | 200 |
Ryder System Inc. | 2,501 | 199 | |
Spirit AeroSystems Holdings Inc. Class A | 5,068 | 199 | |
Allison Transmission Holdings Inc. | 5,306 | 196 | |
Insperity Inc. | 1,750 | 193 | |
* | ExlService Holdings Inc. | 1,558 | 192 |
* | Virgin Galactic Holdings Inc. | 7,002 | 190 |
MSC Industrial Direct Co. Inc. Class A | 2,228 | 188 | |
* | Summit Materials Inc. Class A | 5,577 | 188 |
Franklin Electric Co. Inc. | 2,192 | 186 | |
Altra Industrial Motion Corp. | 3,135 | 184 | |
Brink's Co. | 2,340 | 183 | |
* | ACI Worldwide Inc. | 5,648 | 182 |
* | Itron Inc. | 2,168 | 182 |
Korn Ferry | 2,569 | 182 | |
* | Shift4 Payments Inc. Class A | 2,081 | 178 |
* | TriNet Group Inc. | 1,896 | 175 |
Triton International Ltd. | 3,186 | 174 | |
EnerSys | 2,038 | 172 | |
Silgan Holdings Inc. | 3,996 | 170 | |
HB Fuller Co. | 2,480 | 168 | |
Hillenbrand Inc. | 3,579 | 166 | |
Terex Corp. | 3,252 | 166 | |
Applied Industrial Technologies Inc. | 1,858 | 165 | |
Matson Inc. | 2,080 | 165 | |
UniFirst Corp. | 713 | 163 | |
SPX FLOW Inc. | 1,985 | 160 | |
ABM Industries Inc. | 3,187 | 158 | |
* | Herc Holdings Inc. | 1,186 | 156 |
GATX Corp. | 1,680 | 154 | |
* | Kirby Corp. | 2,876 | 154 |
Aerojet Rocketdyne Holdings Inc. | 3,667 | 152 | |
Badger Meter Inc. | 1,388 | 149 | |
Macquarie Infrastructure Corp. | 3,734 | 149 | |
Kennametal Inc. | 3,973 | 148 | |
* | Welbilt Inc. | 6,332 | 148 |
* | Bloom Energy Corp. Class A | 6,713 | 144 |
* | Kratos Defense & Security Solutions Inc. | 5,833 | 144 |
Installed Building Products Inc. | 1,146 | 142 | |
Werner Enterprises Inc. | 2,988 | 141 | |
* | Masonite International Corp. | 1,158 | 139 |
* | Beacon Roofing Supply Inc. | 2,668 | 137 |
AAON Inc. | 1,987 | 135 | |
* | Green Dot Corp. Class A | 2,557 | 134 |
* | Mercury Systems Inc. | 2,666 | 134 |
EVERTEC Inc. | 2,842 | 131 | |
* | SPX Corp. | 2,078 | 130 |
Comfort Systems USA Inc. | 1,697 | 129 | |
* | Paysafe Ltd. | 14,859 | 126 |
Shares | Market Value• ($000) | ||
* | CryoPort Inc. | 1,948 | 124 |
Helios Technologies Inc. | 1,514 | 124 | |
Mueller Water Products Inc. Class A | 7,336 | 122 | |
Belden Inc. | 2,101 | 120 | |
Trinity Industries Inc. | 4,093 | 119 | |
* | Vicor Corp. | 965 | 119 |
Brady Corp. Class A | 2,219 | 118 | |
* | JELD-WEN Holding Inc. | 4,278 | 118 |
* | Gibraltar Industries Inc. | 1,557 | 116 |
* | O-I Glass Inc. | 7,682 | 116 |
Federal Signal Corp. | 2,826 | 115 | |
Albany International Corp. Class A | 1,454 | 114 | |
* | Fluor Corp. | 6,839 | 114 |
Kadant Inc. | 536 | 112 | |
Maxar Technologies Inc. | 3,455 | 110 | |
* | AeroVironment Inc. | 1,063 | 109 |
ESCO Technologies Inc. | 1,210 | 109 | |
Barnes Group Inc. | 2,266 | 108 | |
* | GMS Inc. | 2,189 | 108 |
* | Atlas Air Worldwide Holdings Inc. | 1,462 | 107 |
* | Dycom Industries Inc. | 1,425 | 107 |
Forward Air Corp. | 1,214 | 107 | |
* | Hub Group Inc. Class A | 1,528 | 107 |
* | Allegheny Technologies Inc. | 5,953 | 106 |
Moog Inc. Class A | 1,311 | 104 | |
ManTech International Corp. Class A | 1,302 | 103 | |
Otter Tail Corp. | 1,877 | 103 | |
*,1 | Nikola Corp. | 9,696 | 101 |
* | Proto Labs Inc. | 1,339 | 99 |
* | Raven Industries Inc. | 1,701 | 99 |
TTEC Holdings Inc. | 933 | 98 | |
* | Verra Mobility Corp. Class A | 6,314 | 98 |
Patrick Industries Inc. | 1,146 | 94 | |
CSW Industrials Inc. | 688 | 91 | |
* | Repay Holdings Corp. Class A | 3,890 | 89 |
ICF International Inc. | 942 | 88 | |
Encore Wire Corp. | 1,021 | 87 | |
* | MYR Group Inc. | 832 | 87 |
ArcBest Corp. | 1,287 | 86 | |
* | Ferro Corp. | 4,150 | 86 |
Granite Construction Inc. | 2,087 | 85 | |
* | OSI Systems Inc. | 858 | 85 |
* | Meritor Inc. | 3,491 | 83 |
* | Air Transport Services Group Inc. | 2,995 | 82 |
Lindsay Corp. | 500 | 82 | |
* | Cimpress plc | 863 | 82 |
EnPro Industries Inc. | 950 | 81 | |
* | Textainer Group Holdings Ltd. | 2,442 | 81 |
McGrath RentCorp. | 1,135 | 79 | |
Alamo Group Inc. | 503 | 78 | |
Shyft Group Inc. | 1,778 | 78 | |
* | CBIZ Inc. | 2,265 | 77 |
Greif Inc. Class A | 1,209 | 77 | |
Deluxe Corp. | 1,987 | 76 | |
* | TuSimple Holdings Inc. Class A | 1,823 | 76 |
Greenbrier Cos. Inc. | 1,634 | 72 | |
Astec Industries Inc. | 1,148 | 70 | |
Primoris Services Corp. | 2,705 | 70 | |
* | TriMas Corp. | 2,179 | 70 |
Shares | Market Value• ($000) | ||
Enerpac Tool Group Corp. Class A | 2,788 | 70 | |
Tennant Co. | 935 | 69 | |
AZZ Inc. | 1,262 | 68 | |
* | NV5 Global Inc. | 646 | 68 |
* | Veritiv Corp. | 762 | 68 |
ADT Inc. | 7,935 | 68 | |
* | Danimer Scientific Inc. | 3,475 | 68 |
Mesa Laboratories Inc. | 249 | 66 | |
Pitney Bowes Inc. | 8,904 | 66 | |
Columbus McKinnon Corp. | 1,408 | 65 | |
* | Conduent Inc. | 8,587 | 63 |
* | Evo Payments Inc. Class A | 2,441 | 62 |
* | FARO Technologies Inc. | 894 | 62 |
* | American Woodmark Corp. | 863 | 61 |
Kforce Inc. | 1,039 | 61 | |
*,1 | Workhorse Group Inc. | 6,247 | 61 |
Schneider National Inc. Class B | 2,656 | 60 | |
* | CoreCivic Inc. | 6,008 | 58 |
* | Gates Industrial Corp. plc | 3,563 | 58 |
* | AAR Corp. | 1,721 | 58 |
* | Montrose Environmental Group Inc. | 1,158 | 58 |
Apogee Enterprises Inc. | 1,324 | 57 | |
Chase Corp. | 498 | 57 | |
* | Vivint Smart Home Inc. | 4,697 | 57 |
* | Huron Consulting Group Inc. | 1,134 | 56 |
* | Diversey Holdings Ltd. | 3,206 | 56 |
Griffon Corp. | 2,289 | 55 | |
* | PGT Innovations Inc. | 2,590 | 55 |
* | Lydall Inc. | 872 | 54 |
* | Ranpak Holdings Corp. Class A | 1,765 | 54 |
* | Aspen Aerogels Inc. | 1,187 | 52 |
H&E Equipment Services Inc. | 1,517 | 52 | |
Standex International Corp. | 521 | 52 | |
* | Ideanomics Inc. | 20,647 | 52 |
* | Hyliion Holdings Corp. | 5,927 | 52 |
* | Donnelley Financial Solutions Inc. | 1,488 | 50 |
* | Great Lakes Dredge & Dock Corp. | 3,260 | 49 |
Kaman Corp. | 1,258 | 49 | |
* | TrueBlue Inc. | 1,778 | 49 |
* | Construction Partners Inc. Class A | 1,436 | 48 |
Marten Transport Ltd. | 3,067 | 48 | |
* | Triumph Group Inc. | 2,602 | 48 |
CAI International Inc. | 822 | 46 | |
* | Cornerstone Building Brands Inc. | 2,762 | 46 |
* | Frontline Ltd. | 6,302 | 45 |
SFL Corp. Ltd. | 5,559 | 45 | |
Heidrick & Struggles International Inc. | 1,008 | 44 | |
* | Manitowoc Co. Inc. | 1,803 | 44 |
* | Cross Country Healthcare Inc. | 1,959 | 43 |
* | Echo Global Logistics Inc. | 1,313 | 43 |
* | Energy Recovery Inc. | 2,130 | 43 |
Wabash National Corp. | 2,736 | 43 | |
Quanex Building Products Corp. | 1,775 | 42 | |
Myers Industries Inc. | 1,792 | 41 | |
DHT Holdings Inc. | 7,335 | 41 | |
* | Hayward Holdings Inc. | 1,955 | 41 |
Shares | Market Value• ($000) | ||
Douglas Dynamics Inc. | 1,005 | 40 | |
Gorman-Rupp Co. | 1,154 | 40 | |
* | SP Plus Corp. | 1,245 | 40 |
Costamare Inc. | 2,748 | 40 | |
Scorpio Tankers Inc. | 2,465 | 40 | |
* | Paya Holdings Inc. Class A | 4,155 | 40 |
Heartland Express Inc. | 2,300 | 39 | |
Argan Inc. | 774 | 36 | |
CRA International Inc. | 378 | 35 | |
Kelly Services Inc. Class A | 1,791 | 35 | |
International Seaways Inc. | 2,012 | 35 | |
* | Desktop Metal Inc. Class A | 4,227 | 35 |
* | Sterling Construction Co. Inc. | 1,471 | 34 |
* | Advantage Solutions Inc. | 3,870 | 34 |
* | BrightView Holdings Inc. | 2,169 | 33 |
* | Forterra Inc. | 1,444 | 33 |
* | GreenSky Inc. Class A | 4,094 | 33 |
* | CIRCOR International Inc. | 903 | 32 |
Insteel Industries Inc. | 854 | 32 | |
* | Modine Manufacturing Co. | 2,588 | 32 |
* | Tutor Perini Corp. | 2,189 | 32 |
Luxfer Holdings plc | 1,438 | 31 | |
Genco Shipping & Trading Ltd. | 1,615 | 31 | |
Cass Information Systems Inc. | 669 | 30 | |
* | I3 Verticals Inc. Class A | 1,054 | 30 |
* | International Money Express Inc. | 1,621 | 30 |
Pactiv Evergreen Inc. | 2,153 | 30 | |
* | Cantaloupe Inc. | 2,946 | 30 |
* | Titan Machinery Inc. | 999 | 29 |
Resources Connection Inc. | 1,742 | 28 | |
Barrett Business Services Inc. | 343 | 27 | |
* | DXP Enterprises Inc. | 903 | 27 |
* | Ducommun Inc. | 513 | 27 |
* | Franklin Covey Co. | 631 | 27 |
Hyster-Yale Materials Handling Inc. | 469 | 27 | |
VSE Corp. | 537 | 27 | |
* | BlueLinx Holdings Inc. | 453 | 26 |
* | Napco Security Technologies Inc. | 659 | 26 |
* | Thermon Group Holdings Inc. | 1,534 | 26 |
* | Vectrus Inc. | 527 | 26 |
* | BTRS Holdings Inc. | 2,398 | 26 |
* | Forrester Research Inc. | 522 | 25 |
* | Vishay Precision Group Inc. | 632 | 24 |
* | PAE Inc. | 3,519 | 24 |
* | Velodyne Lidar Inc. | 3,575 | 24 |
* | PureCycle Technologies Inc. | 1,664 | 24 |
* | Daseke Inc. | 2,479 | 23 |
REV Group Inc. | 1,390 | 23 | |
* | Willdan Group Inc. | 612 | 23 |
Ardagh Group SA | 885 | 23 | |
Allied Motion Technologies Inc. | 640 | 22 | |
* | IES Holdings Inc. | 446 | 22 |
Miller Industries Inc. | 566 | 21 | |
* | Titan International Inc. | 2,543 | 21 |
* | Transcat Inc. | 315 | 21 |
* | Eagle Bulk Shipping Inc. | 419 | 21 |
* | View Inc. | 4,284 | 21 |
* | Babcock & Wilcox Enterprises Inc. | 2,804 | 20 |
Shares | Market Value• ($000) | ||
National Presto Industries Inc. | 241 | 20 | |
Dorian LPG Ltd. | 1,521 | 20 | |
* | Blue Bird Corp. | 898 | 19 |
* | Astronics Corp. | 1,316 | 18 |
* | RR Donnelley & Sons Co. | 3,577 | 18 |
Nordic American Tankers Ltd. | 7,768 | 18 | |
* | Luna Innovations Inc. | 1,629 | 18 |
* | ExOne Co. | 750 | 18 |
* | Commercial Vehicle Group Inc. | 1,614 | 17 |
* | Rekor Systems Inc. | 1,585 | 17 |
* | ShotSpotter Inc. | 423 | 17 |
Ennis Inc. | 844 | 16 | |
Greif Inc. Class B | 255 | 16 | |
* | Byrna Technologies Inc. | 538 | 16 |
U.S. Lime & Minerals Inc. | 102 | 15 | |
* | Atlanticus Holdings Corp. | 236 | 15 |
* | Yellow Corp. | 2,538 | 15 |
* | Acacia Research Corp. | 2,278 | 14 |
Kronos Worldwide Inc. | 1,086 | 14 | |
* | U.S. Xpress Enterprises Inc. Class A | 1,568 | 14 |
* | Teekay Tankers Ltd. Class A | 1,212 | 14 |
Caesarstone Ltd. | 1,004 | 13 | |
* | Infrastructure and Energy Alternatives Inc. | 1,052 | 13 |
* | Concrete Pumping Holdings Inc. | 1,463 | 12 |
* | Covenant Logistics Group Inc. Class A | 501 | 12 |
* | GP Strategies Corp. | 588 | 12 |
Park Aerospace Corp. | 830 | 12 | |
* | Radiant Logistics Inc. | 1,707 | 12 |
* | AgEagle Aerial Systems Inc. | 3,372 | 12 |
* | Iteris Inc. | 1,854 | 11 |
* | Teekay Corp. | 3,533 | 11 |
* | Eos Energy Enterprises Inc. | 890 | 11 |
* | CECO Environmental Corp. | 1,327 | 10 |
* | HC2 Holdings Inc. | 2,609 | 10 |
* | Lawson Products Inc. | 194 | 10 |
* | Mistras Group Inc. | 907 | 10 |
Park-Ohio Holdings Corp. | 406 | 10 | |
Powell Industries Inc. | 401 | 10 | |
Preformed Line Products Co. | 141 | 10 | |
* | Safe Bulkers Inc. | 2,359 | 10 |
* | EVI Industries Inc. | 354 | 9 |
Universal Logistics Holdings Inc. | 391 | 9 | |
* | GreenBox POS | 875 | 9 |
* | IBEX Holdings Ltd. | 430 | 8 |
* | Team Inc. | 1,463 | 7 |
* | Atlas Technical Consultants Inc. | 686 | 7 |
* | Target Hospitality Corp. | 1,517 | 6 |
* | StarTek Inc. | 936 | 6 |
* | Custom Truck One Source Inc. | 644 | 6 |
* | Karat Packaging Inc. | 268 | 6 |
* | Aersale Corp. | 461 | 6 |
* | Core & Main Inc. Class A | 207 | 6 |
* | Willis Lease Finance Corp. | 128 | 5 |
* | PAM Transportation Services Inc. | 136 | 5 |
* | Mayville Engineering Co. Inc. | 367 | 5 |
Hirequest Inc. | 258 | 5 | |
* | TaskUS Inc. Class A | 79 | 5 |
Shares | Market Value• ($000) | ||
* | Priority Technology Holdings Inc. | 713 | 4 |
* | First Advantage Corp. | 182 | 4 |
* | Marqeta Inc. Class A | 121 | 3 |
* | BM Technologies Inc. (XASE) | 206 | 2 |
* | Legalzoom.com Inc. | 59 | 2 |
309,723 | |||
Other (0.0%)4 | |||
*,2 | Aduro Biotech Inc. CVR | 656 | 1 |
*,2 | Media General Inc. CVR | 5,133 | — |
*,2 | NewStar Financial Inc. CVR | 943 | — |
1 | |||
Real Estate (3.5%) | |||
American Tower Corp. | 22,239 | 6,498 | |
Prologis Inc. | 36,245 | 4,881 | |
Crown Castle International Corp. | 21,185 | 4,125 | |
Equinix Inc. | 4,399 | 3,710 | |
Public Storage | 7,423 | 2,402 | |
Digital Realty Trust Inc. | 13,819 | 2,265 | |
Simon Property Group Inc. | 16,096 | 2,164 | |
SBA Communications Corp. Class A | 5,309 | 1,906 | |
Welltower Inc. | 20,694 | 1,811 | |
* | CoStar Group Inc. | 19,460 | 1,649 |
AvalonBay Communities Inc. | 6,893 | 1,582 | |
* | CBRE Group Inc. Class A | 16,307 | 1,570 |
Equity Residential | 18,222 | 1,532 | |
Alexandria Real Estate Equities Inc. | 7,172 | 1,480 | |
Realty Income Corp. | 18,519 | 1,337 | |
Weyerhaeuser Co. | 36,676 | 1,320 | |
Extra Space Storage Inc. | 6,402 | 1,197 | |
Invitation Homes Inc. | 27,902 | 1,149 | |
Sun Communities Inc. | 5,500 | 1,108 | |
Mid-America Apartment Communities Inc. | 5,670 | 1,091 | |
Essex Property Trust Inc. | 3,163 | 1,046 | |
Ventas Inc. | 18,328 | 1,025 | |
Duke Realty Corp. | 18,958 | 995 | |
Healthpeak Properties Inc. | 26,848 | 967 | |
Boston Properties Inc. | 7,655 | 865 | |
VICI Properties Inc. | 26,788 | 828 | |
* | Zillow Group Inc. Class C | 8,343 | 799 |
UDR Inc. | 14,777 | 798 | |
Equity LifeStyle Properties Inc. | 8,570 | 729 | |
Camden Property Trust | 4,655 | 698 | |
WP Carey Inc. | 8,829 | 690 | |
Iron Mountain Inc. | 14,008 | 669 | |
Kimco Realty Corp. | 28,246 | 615 | |
* | Jones Lang LaSalle Inc. | 2,502 | 607 |
Medical Properties Trust Inc. | 28,602 | 586 | |
American Homes 4 Rent Class A | 13,883 | 582 | |
VEREIT Inc. | 11,251 | 569 | |
Regency Centers Corp. | 8,271 | 568 | |
* | Host Hotels & Resorts Inc. | 34,200 | 566 |
Gaming and Leisure Properties Inc. | 10,828 | 534 | |
CubeSmart | 9,819 | 525 | |
Federal Realty Investment Trust | 3,981 | 485 | |
Lamar Advertising Co. Class A | 4,214 | 480 | |
Life Storage Inc. | 3,738 | 465 | |
CyrusOne Inc. | 5,960 | 459 |
Shares | Market Value• ($000) | ||
Americold Realty Trust | 12,388 | 455 | |
STORE Capital Corp. | 11,976 | 432 | |
National Retail Properties Inc. | 8,613 | 410 | |
Rexford Industrial Realty Inc. | 6,601 | 409 | |
Apartment Income REIT Corp. | 7,640 | 388 | |
Omega Healthcare Investors Inc. | 11,551 | 387 | |
Kilroy Realty Corp. | 5,869 | 385 | |
First Industrial Realty Trust Inc. | 6,666 | 373 | |
Vornado Realty Trust | 8,519 | 357 | |
EastGroup Properties Inc. | 1,941 | 350 | |
STAG Industrial Inc. | 8,187 | 346 | |
American Campus Communities Inc. | 6,700 | 341 | |
Brixmor Property Group Inc. | 14,411 | 338 | |
Healthcare Trust of America Inc. Class A | 10,684 | 324 | |
CoreSite Realty Corp. | 2,080 | 309 | |
* | Opendoor Technologies Inc. | 16,844 | 299 |
Spirit Realty Capital Inc. | 5,657 | 293 | |
Innovative Industrial Properties Inc. | 1,158 | 285 | |
Cousins Properties Inc. | 7,259 | 280 | |
Douglas Emmett Inc. | 8,182 | 270 | |
QTS Realty Trust Inc. Class A | 3,372 | 263 | |
Rayonier Inc. | 6,750 | 248 | |
* | Zillow Group Inc. Class A | 2,568 | 246 |
Agree Realty Corp. | 3,236 | 241 | |
* | Redfin Corp. | 4,917 | 239 |
SL Green Realty Corp. | 3,416 | 239 | |
Highwoods Properties Inc. | 5,005 | 229 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 3,655 | 221 | |
* | Park Hotels & Resorts Inc. | 11,434 | 219 |
Terreno Realty Corp. | 3,258 | 218 | |
* | Ryman Hospitality Properties Inc. | 2,596 | 216 |
Healthcare Realty Trust Inc. | 6,816 | 205 | |
Physicians Realty Trust | 10,419 | 193 | |
National Storage Affiliates Trust | 3,347 | 192 | |
Hudson Pacific Properties Inc. | 7,080 | 187 | |
Broadstone Net Lease Inc. | 6,838 | 187 | |
EPR Properties | 3,596 | 183 | |
* | Howard Hughes Corp. | 2,003 | 181 |
JBG SMITH Properties | 6,000 | 181 | |
Essential Properties Realty Trust Inc. | 5,557 | 180 | |
Lexington Realty Trust | 13,134 | 178 | |
* | Outfront Media Inc. | 6,943 | 172 |
Sabra Health Care REIT Inc. | 10,400 | 166 | |
PotlatchDeltic Corp. | 3,139 | 163 | |
Macerich Co. | 9,513 | 162 | |
* | Digitalbridge Group Inc. | 22,812 | 157 |
Equity Commonwealth | 5,936 | 156 | |
Corporate Office Properties Trust | 5,402 | 152 | |
PS Business Parks Inc. | 949 | 149 | |
Apple Hospitality REIT Inc. | 10,022 | 148 | |
eXp World Holdings Inc. | 3,130 | 144 | |
Pebblebrook Hotel Trust | 6,188 | 136 | |
SITE Centers Corp. | 8,291 | 134 |
Shares | Market Value• ($000) | ||
Retail Properties of America Inc. Class A | 9,909 | 131 | |
Kennedy-Wilson Holdings Inc. | 5,911 | 130 | |
National Health Investors Inc. | 2,087 | 125 | |
* | Sunstone Hotel Investors Inc. | 10,224 | 118 |
Uniti Group Inc. | 9,003 | 118 | |
Brandywine Realty Trust | 8,056 | 112 | |
RLJ Lodging Trust | 7,680 | 111 | |
Washington REIT | 4,393 | 110 | |
* | Cushman & Wakefield plc | 5,859 | 106 |
Newmark Group Inc. Class A | 7,558 | 103 | |
Piedmont Office Realty Trust Inc. Class A | 5,767 | 103 | |
Four Corners Property Trust Inc. | 3,570 | 102 | |
Urban Edge Properties | 5,368 | 102 | |
* | Realogy Holdings Corp. | 5,735 | 101 |
CareTrust REIT Inc. | 4,536 | 100 | |
Retail Opportunity Investments Corp. | 5,436 | 98 | |
Independence Realty Trust Inc. | 4,652 | 95 | |
* | Xenia Hotels & Resorts Inc. | 5,377 | 94 |
Monmouth Real Estate Investment Corp. | 4,921 | 93 | |
American Assets Trust Inc. | 2,322 | 92 | |
Easterly Government Properties Inc. Class A | 4,291 | 92 | |
Columbia Property Trust Inc. | 5,408 | 90 | |
Industrial Logistics Properties Trust | 3,283 | 90 | |
* | DiamondRock Hospitality Co. | 9,709 | 88 |
Service Properties Trust | 7,709 | 88 | |
Tanger Factory Outlet Centers Inc. | 5,014 | 84 | |
Acadia Realty Trust | 3,902 | 83 | |
Global Net Lease Inc. | 4,852 | 82 | |
* | Mack-Cali Realty Corp. | 4,598 | 82 |
Paramount Group Inc. | 9,284 | 82 | |
Safehold Inc. | 882 | 79 | |
Kite Realty Group Trust | 3,854 | 78 | |
* | Alexander & Baldwin Inc. | 3,666 | 77 |
St. Joe Co. | 1,622 | 75 | |
Empire State Realty Trust Inc. Class A | 7,007 | 72 | |
LTC Properties Inc. | 2,009 | 69 | |
Centerspace | 669 | 68 | |
Office Properties Income Trust | 2,354 | 62 | |
NexPoint Residential Trust Inc. | 948 | 61 | |
Getty Realty Corp. | 1,763 | 56 | |
Community Healthcare Trust Inc. | 1,123 | 54 | |
RPT Realty | 4,073 | 53 | |
Apartment Investment and Management Co. Class A | 7,318 | 53 | |
Gladstone Land Corp. | 2,195 | 52 | |
NETSTREIT Corp. | 2,006 | 52 | |
American Finance Trust Inc. | ��� 5,745 | 50 | |
* | Summit Hotel Properties Inc. | 5,297 | 49 |
* | Marcus & Millichap Inc. | 1,226 | 48 |
UMH Properties Inc. | 2,038 | 48 | |
GEO Group Inc. | 5,951 | 46 | |
Global Medical REIT Inc. | 2,982 | 46 | |
Gladstone Commercial Corp. | 1,892 | 43 |
Shares | Market Value• ($000) | ||
Diversified Healthcare Trust | 11,531 | 43 | |
Alexander's Inc. | 158 | 42 | |
Armada Hoffler Properties Inc. | 3,022 | 41 | |
New Senior Investment Group Inc. | 4,534 | 40 | |
* | Radius Global Infrastructure Inc. Class A (XNMS) | 2,222 | 40 |
Plymouth Industrial REIT Inc. | 1,472 | 35 | |
Saul Centers Inc. | 754 | 35 | |
Preferred Apartment Communities Inc. Class A | 2,733 | 34 | |
RMR Group Inc. Class A | 701 | 32 | |
RE/MAX Holdings Inc. Class A | 958 | 32 | |
Universal Health Realty Income Trust | 547 | 32 | |
City Office REIT Inc. | 1,955 | 31 | |
Urstadt Biddle Properties Inc. Class A | 1,625 | 31 | |
Ares Commercial Real Estate Corp. | 1,905 | 30 | |
* | Chatham Lodging Trust | 2,534 | 30 |
* | Seritage Growth Properties Class A | 1,850 | 30 |
CatchMark Timber Trust Inc. Class A | 2,463 | 28 | |
* | CorePoint Lodging Inc. | 1,878 | 27 |
One Liberty Properties Inc. | 810 | 26 | |
Retail Value Inc. | 965 | 24 | |
Franklin Street Properties Corp. | 4,706 | 23 | |
* | Rafael Holdings Inc. Class B | 537 | 22 |
Whitestone REIT | 2,056 | 20 | |
* | FRP Holdings Inc. | 329 | 19 |
* | Forestar Group Inc. | 891 | 19 |
* | Tejon Ranch Co. | 938 | 18 |
Farmland Partners Inc. | 1,356 | 17 | |
Indus Realty Trust Inc. | 244 | 17 | |
CTO Realty Growth Inc. | 279 | 16 | |
* | Hersha Hospitality Trust Class A | 1,621 | 15 |
Postal Realty Trust Inc. Class A | 609 | 12 | |
* | Braemar Hotels & Resorts Inc. | 2,236 | 11 |
BRT Apartments Corp. | 474 | 9 | |
* | Ashford Hospitality Trust Inc. | 553 | 9 |
* | Fathom Holdings Inc. | 276 | 8 |
Clipper Realty Inc. | 607 | 5 | |
Phillips Edison & Co. Inc. | 85 | 3 | |
* | Bridge Investment Group Holdings Inc. Class A | 73 | 1 |
80,446 | |||
Technology (28.1%) | |||
Apple Inc. | 773,446 | 117,432 | |
Microsoft Corp. | 371,234 | 112,068 | |
* | Facebook Inc. Class A | 117,921 | 44,737 |
* | Alphabet Inc. Class A | 15,047 | 43,545 |
* | Alphabet Inc. Class C | 13,750 | 40,002 |
NVIDIA Corp. | 117,918 | 26,396 | |
* | Adobe Inc. | 23,542 | 15,625 |
* | salesforce.com Inc. | 45,561 | 12,086 |
Intel Corp. | 199,158 | 10,766 | |
Broadcom Inc. | 19,646 | 9,768 | |
Texas Instruments Inc. | 45,430 | 8,673 | |
QUALCOMM Inc. | 55,568 | 8,151 |
Shares | Market Value• ($000) | ||
Oracle Corp. | 85,797 | 7,647 | |
Intuit Inc. | 12,575 | 7,119 | |
* | Advanced Micro Devices Inc. | 59,621 | 6,601 |
* | ServiceNow Inc. | 9,729 | 6,262 |
International Business Machines Corp. | 43,993 | 6,174 | |
Applied Materials Inc. | 45,280 | 6,119 | |
Analog Devices Inc. | 26,416 | 4,304 | |
Lam Research Corp. | 7,031 | 4,252 | |
* | Micron Technology Inc. | 55,250 | 4,072 |
* | Autodesk Inc. | 10,853 | 3,365 |
* | Zoom Video Communications Inc. Class A | 10,534 | 3,050 |
NXP Semiconductors NV | 13,591 | 2,924 | |
* | Twilio Inc. Class A | 7,985 | 2,850 |
* | DocuSign Inc. Class A | 9,413 | 2,788 |
KLA Corp. | 7,607 | 2,586 | |
* | Synopsys Inc. | 7,572 | 2,516 |
Roper Technologies Inc. | 5,164 | 2,496 | |
* | Workday Inc. Class A | 9,126 | 2,493 |
* | Twitter Inc. | 38,514 | 2,484 |
Marvell Technology Inc. | 39,840 | 2,438 | |
* | Atlassian Corp. plc Class A | 6,579 | 2,415 |
* | Crowdstrike Holdings Inc. Class A | 7,996 | 2,247 |
* | Cadence Design Systems Inc. | 13,615 | 2,226 |
Amphenol Corp. Class A | 28,818 | 2,208 | |
* | Palo Alto Networks Inc. | 4,726 | 2,179 |
* | Palantir Technologies Inc. Class A | 80,020 | 2,108 |
* | Fortinet Inc. | 6,661 | 2,099 |
Cognizant Technology Solutions Corp. Class A | 25,980 | 1,983 | |
Microchip Technology Inc. | 12,377 | 1,948 | |
* | Xilinx Inc. | 12,204 | 1,899 |
HP Inc. | 61,865 | 1,840 | |
* | Match Group Inc. | 13,314 | 1,830 |
* | Snowflake Inc. Class A | 5,912 | 1,799 |
* | EPAM Systems Inc. | 2,680 | 1,696 |
* | Okta Inc. | 6,186 | 1,631 |
* | ANSYS Inc. | 4,326 | 1,581 |
* | Datadog Inc. Class A | 11,076 | 1,526 |
Corning Inc. | 37,808 | 1,512 | |
* | Pinterest Inc. Class A | 27,031 | 1,502 |
Skyworks Solutions Inc. | 8,173 | 1,499 | |
* | HubSpot Inc. | 2,183 | 1,494 |
* | Cloudflare Inc. Class A | 12,297 | 1,485 |
CDW Corp. | 6,851 | 1,374 | |
* | Dell Technologies Inc. Class C | 13,681 | 1,333 |
* | Gartner Inc. | 4,182 | 1,291 |
* | Splunk Inc. | 8,014 | 1,225 |
* | Paycom Software Inc. | 2,479 | 1,212 |
Monolithic Power Systems Inc. | 2,202 | 1,090 | |
* | Zscaler Inc. | 3,780 | 1,052 |
* | VeriSign Inc. | 4,831 | 1,045 |
* | Qorvo Inc. | 5,529 | 1,040 |
* | MongoDB Inc. Class A | 2,644 | 1,036 |
* | RingCentral Inc. Class A | 3,928 | 991 |
Teradyne Inc. | 8,119 | 986 | |
Hewlett Packard Enterprise Co. | 63,497 | 982 | |
NetApp Inc. | 10,900 | 969 | |
* | Tyler Technologies Inc. | 1,984 | 964 |
* | Western Digital Corp. | 14,992 | 947 |
Shares | Market Value• ($000) | ||
* | ON Semiconductor Corp. | 20,713 | 919 |
* | Unity Software Inc. | 7,199 | 912 |
* | Akamai Technologies Inc. | 7,893 | 894 |
* | Coupa Software Inc. | 3,586 | 878 |
SS&C Technologies Holdings Inc. | 11,182 | 846 | |
Entegris Inc. | 6,578 | 790 | |
* | DoorDash Inc. Class A | 4,097 | 784 |
* | Nuance Communications Inc. | 13,989 | 770 |
* | Avalara Inc. | 4,140 | 744 |
NortonLifeLock Inc. | 26,886 | 714 | |
* | Zendesk Inc. | 5,766 | 713 |
* | Ceridian HCM Holding Inc. | 6,317 | 710 |
* | PTC Inc. | 5,174 | 681 |
Leidos Holdings Inc. | 6,929 | 680 | |
Citrix Systems Inc. | 6,082 | 626 | |
* | Dynatrace Inc. | 8,993 | 618 |
* | Globant SA | 1,889 | 609 |
* | GoDaddy Inc. Class A | 8,201 | 601 |
* | F5 Networks Inc. | 2,910 | 592 |
* | VMware Inc. Class A | 3,938 | 586 |
* | Wix.com Ltd. | 2,611 | 580 |
* | Black Knight Inc. | 7,462 | 565 |
* | Elastic NV | 3,355 | 535 |
* | Five9 Inc. | 3,262 | 516 |
* | Clarivate plc | 20,152 | 508 |
* | Manhattan Associates Inc. | 3,101 | 505 |
*,2 | Proofpoint Inc. | 2,779 | 489 |
Amdocs Ltd. | 6,344 | 489 | |
* | IAC/Inter Active Corp. | 3,706 | 489 |
* | Guidewire Software Inc. | 4,116 | 488 |
* | Cree Inc. | 5,630 | 478 |
* | Dropbox Inc. Class A | 14,929 | 473 |
* | Smartsheet Inc. Class A | 5,869 | 467 |
* | DXC Technology Co. | 12,371 | 454 |
Universal Display Corp. | 2,116 | 441 | |
Jabil Inc. | 7,123 | 440 | |
* | Arrow Electronics Inc. | 3,614 | 438 |
* | Aspen Technology Inc. | 3,337 | 432 |
Bentley Systems Inc. Class B | 6,588 | 425 | |
* | Anaplan Inc. | 6,855 | 411 |
* | Lattice Semiconductor Corp. | 6,570 | 408 |
Vertiv Holdings Co. Class A | 13,714 | 386 | |
* | Concentrix Corp. | 2,057 | 357 |
* | Varonis Systems Inc. Class B | 5,088 | 351 |
* | Nutanix Inc. Class A | 9,403 | 347 |
* | Silicon Laboratories Inc. | 2,162 | 341 |
* | Pure Storage Inc. Class A | 12,933 | 334 |
* | Synaptics Inc. | 1,714 | 325 |
* | Rapid7 Inc. | 2,625 | 319 |
* | II-VI Inc. | 5,067 | 319 |
Power Integrations Inc. | 2,925 | 318 | |
Dolby Laboratories Inc. Class A | 3,164 | 314 | |
Brooks Automation Inc. | 3,571 | 303 | |
* | IPG Photonics Corp. | 1,754 | 299 |
* | CACI International Inc. Class A | 1,150 | 296 |
* | J2 Global Inc. | 2,112 | 291 |
* | Teradata Corp. | 5,313 | 291 |
* | Everbridge Inc. | 1,826 | 287 |
* | Blackline Inc. | 2,592 | 283 |
* | Workiva Inc. Class A | 2,021 | 283 |
Pegasystems Inc. | 1,990 | 274 | |
National Instruments Corp. | 6,459 | 270 | |
* | Asana Inc. Class A | 3,567 | 269 |
* | Change Healthcare Inc. | 12,274 | 268 |
Shares | Market Value• ($000) | ||
KBR Inc. | 6,879 | 268 | |
* | MicroStrategy Inc. Class A | 380 | 264 |
* | NCR Corp. | 6,191 | 263 |
* | Sprout Social Inc. Class A | 2,130 | 259 |
SYNNEX Corp. | 2,018 | 256 | |
* | Novanta Inc. | 1,664 | 255 |
* | Upwork Inc. | 5,655 | 253 |
CDK Global Inc. | 5,981 | 249 | |
* | Digital Turbine Inc. | 4,081 | 239 |
Science Applications International Corp. | 2,828 | 238 | |
* | Cirrus Logic Inc. | 2,797 | 234 |
* | SPS Commerce Inc. | 1,724 | 234 |
* | Q2 Holdings Inc. | 2,644 | 233 |
* | Vimeo Inc. | 6,066 | 231 |
* | Fastly Inc. Class A | 5,157 | 225 |
* | Semtech Corp. | 3,085 | 216 |
* | New Relic Inc. | 2,663 | 213 |
* | Alteryx Inc. Class A | 2,860 | 212 |
* | Envestnet Inc. | 2,603 | 208 |
* | FireEye Inc. | 11,421 | 208 |
Kulicke & Soffa Industries Inc. | 2,943 | 207 | |
* | Appian Corp. Class A | 1,903 | 204 |
* | Sailpoint Technologies Holdings Inc. | 4,338 | 203 |
* | Mimecast Ltd. | 2,864 | 200 |
* | Diodes Inc. | 2,048 | 198 |
* | Cerence Inc. | 1,827 | 198 |
Avnet Inc. | 4,843 | 196 | |
* | LivePerson Inc. | 3,044 | 195 |
* | Tenable Holdings Inc. | 4,361 | 193 |
* | Alarm.com Holdings Inc. | 2,262 | 191 |
* | Qualys Inc. | 1,626 | 191 |
* | Rogers Corp. | 895 | 190 |
CMC Materials Inc. | 1,426 | 189 | |
* | Perficient Inc. | 1,554 | 185 |
* | Box Inc. Class A | 7,101 | 183 |
* | Fabrinet | 1,768 | 182 |
* | 3D Systems Corp. | 5,865 | 179 |
* | Cloudera Inc. | 11,186 | 178 |
* | Insight Enterprises Inc. | 1,716 | 177 |
* | MaxLinear Inc. | 3,332 | 174 |
* | Onto Innovation Inc. | 2,339 | 173 |
* | Ambarella Inc. | 1,658 | 172 |
* | Cornerstone OnDemand Inc. | 2,982 | 171 |
* | Medallia Inc. | 5,027 | 170 |
* | Skillz Inc. Class A | 14,369 | 169 |
* | PagerDuty Inc. | 3,897 | 167 |
Advanced Energy Industries Inc. | 1,838 | 166 | |
Xerox Holdings Corp. | 7,384 | 166 | |
* | Duck Creek Technologies Inc. | 3,507 | 164 |
* | CommVault Systems Inc. | 2,015 | 163 |
* | Blackbaud Inc. | 2,327 | 162 |
* | Altair Engineering Inc. Class A | 2,174 | 161 |
* | LiveRamp Holdings Inc. | 3,114 | 153 |
* | Vroom Inc. | 5,617 | 151 |
* | Magnite Inc. | 5,069 | 147 |
* | FormFactor Inc. | 3,702 | 144 |
Switch Inc. Class A | 5,819 | 144 | |
* | nCino Inc. | 2,306 | 143 |
* | MACOM Technology Solutions Holdings Inc. Class H | 2,331 | 142 |
* | Verint Systems Inc. | 3,178 | 142 |
Shares | Market Value• ($000) | ||
* | Dun & Bradstreet Holdings Inc. | 7,759 | 142 |
Amkor Technology Inc. | 5,089 | 140 | |
Vishay Intertechnology Inc. | 6,283 | 138 | |
* | Sitime Corp. | 642 | 137 |
* | Cargurus Inc. | 4,444 | 135 |
* | Yelp Inc. Class A | 3,489 | 134 |
* | BigCommerce Holdings Inc. Series 1 | 2,239 | 133 |
* | Sanmina Corp. | 3,317 | 131 |
* | Schrodinger Inc. | 2,187 | 131 |
Shutterstock Inc. | 1,109 | 128 | |
* | Rambus Inc. | 5,312 | 126 |
* | Plexus Corp. | 1,338 | 123 |
* | Momentive Global Inc. | 6,115 | 120 |
* | Domo Inc. Class B | 1,320 | 118 |
Xperi Holding Corp. | 5,377 | 115 | |
* | MicroVision Inc. | 7,662 | 113 |
* | Bandwidth Inc. Class A | 1,086 | 112 |
* | Covetrus Inc. | 4,944 | 112 |
* | TechTarget Inc. | 1,289 | 109 |
* | Appfolio Inc. Class A | 897 | 106 |
Progress Software Corp. | 2,224 | 104 | |
* | Allscripts Healthcare Solutions Inc. | 6,673 | 102 |
* | Jamf Holding Corp. | 2,761 | 97 |
* | Ultra Clean Holdings Inc. | 2,062 | 95 |
* | JFrog Ltd. | 2,460 | 95 |
* | Bottomline Technologies DE Inc. | 2,201 | 93 |
* | Zuora Inc. Class A | 5,332 | 91 |
Methode Electronics Inc. | 1,931 | 90 | |
* | NetScout Systems Inc. | 3,261 | 89 |
* | Cohu Inc. | 2,422 | 86 |
* | Sumo Logic Inc. | 4,125 | 86 |
* | Axcelis Technologies Inc. | 1,690 | 84 |
CSG Systems International Inc. | 1,695 | 82 | |
* | PAR Technology Corp. | 1,198 | 81 |
* | Allegro MicroSystems Inc. | 2,648 | 80 |
* | Avaya Holdings Corp. | 3,908 | 79 |
* | PROS Holdings Inc. | 1,812 | 78 |
* | TTM Technologies Inc. | 5,599 | 78 |
* | Super Micro Computer Inc. | 2,136 | 78 |
* | Yext Inc. | 5,616 | 76 |
* | ePlus Inc. | 680 | 74 |
* | Unisys Corp. | 3,012 | 73 |
* | Eventbrite Inc. Class A | 3,792 | 67 |
McAfee Corp.Class A | 2,395 | 64 | |
* | Ichor Holdings Ltd. | 1,399 | 62 |
* | Model N Inc. | 1,747 | 59 |
* | nLight Inc. | 2,151 | 59 |
CTS Corp. | 1,650 | 58 | |
* | Veeco Instruments Inc. | 2,516 | 57 |
* | Upland Software Inc. | 1,446 | 56 |
* | CEVA Inc. | 1,140 | 55 |
* | Impinj Inc. | 943 | 55 |
* | Agilysys Inc. | 951 | 54 |
QAD Inc. Class A | 620 | 54 | |
* | Ping Identity Holding Corp. | 2,086 | 54 |
* | Mitek Systems Inc. | 2,145 | 48 |
* | C3.ai Inc. Class A | 936 | 48 |
* | Avid Technology Inc. | 1,824 | 47 |
Benchmark Electronics Inc. | 1,724 | 47 | |
* | Parsons Corp. | 1,317 | 47 |
* | ScanSource Inc. | 1,312 | 47 |
Shares | Market Value• ($000) | ||
Sapiens International Corp. NV | 1,566 | 45 | |
* | Photronics Inc. | 2,909 | 44 |
* | A10 Networks Inc. | 2,919 | 41 |
* | Grid Dynamics Holdings Inc. | 1,545 | 41 |
American Software Inc. Class A | 1,575 | 40 | |
* | DigitalOcean Holdings Inc. | 652 | 40 |
* | ChannelAdvisor Corp. | 1,478 | 38 |
* | Diebold Nixdorf Inc. | 3,503 | 38 |
* | Rackspace Technology Inc. | 2,717 | 38 |
Ebix Inc. | 1,283 | 37 | |
* | Tucows Inc. Class A | 484 | 36 |
* | SMART Global Holdings Inc. | 748 | 36 |
* | GAN Ltd. | 2,030 | 35 |
* | OneSpan Inc. | 1,786 | 34 |
Simulations Plus Inc. | 773 | 34 | |
* | Kimball Electronics Inc. | 1,316 | 32 |
* | Alpha & Omega Semiconductor Ltd. | 1,066 | 31 |
* | Datto Holding Corp. | 1,214 | 31 |
* | PDF Solutions Inc. | 1,354 | 30 |
* | Veritone Inc. | 1,435 | 30 |
* | Telos Corp. | 901 | 30 |
SolarWinds Corp. | 1,778 | 30 | |
Hackett Group Inc. | 1,414 | 28 | |
* | Groupon Inc. Class A | 1,120 | 28 |
* | DoubleVerify Holdings Inc. | 775 | 28 |
* | Atomera Inc. | 1,080 | 27 |
* | NeoPhotonics Corp. | 2,741 | 26 |
PC Connection Inc. | 518 | 25 | |
* | E2open Parent Holdings Inc. | 2,116 | 25 |
* | N-Able Inc. | 1,778 | 24 |
* | DSP Group Inc. | 1,029 | 23 |
* | Kopin Corp. | 3,918 | 23 |
* | Cleanspark Inc. | 1,653 | 23 |
* | Mediaalpha Inc. Class A | 1,048 | 23 |
* | Brightcove Inc. | 1,962 | 22 |
* | Rimini Street Inc. | 2,222 | 21 |
* | TrueCar Inc. | 4,870 | 20 |
* | Zix Corp. | 2,643 | 20 |
* | Digimarc Corp. | 657 | 19 |
* | EverQuote Inc. Class A | 959 | 19 |
* | AXT Inc. | 1,968 | 18 |
* | Limelight Networks Inc. | 6,677 | 18 |
* | Identiv Inc. | 1,042 | 18 |
* | Quantum Corp. | 2,825 | 18 |
* | Benefitfocus Inc. | 1,346 | 16 |
* | Porch Group Inc. | 801 | 16 |
* | comScore Inc. | 3,865 | 15 |
NVE Corp. | 217 | 15 | |
* | EMCORE Corp. | 1,841 | 14 |
* | VirnetX Holding Corp. | 3,054 | 14 |
* | GTY Technologies Holdings Inc. | 1,840 | 14 |
* | SkyWater Technology Inc. | 397 | 13 |
* | Intelligent Systems Corp. | 300 | 12 |
* | ON24 Inc. | 519 | 12 |
* | Ouster Inc. | 1,467 | 12 |
* | eGain Corp. | 949 | 11 |
* | Aeva Technologies Inc. | 1,149 | 11 |
* | Daktronics Inc. | 1,663 | 10 |
* | Smith Micro Software Inc. | 1,924 | 10 |
* | Alkami Technology Inc. | 352 | 10 |
* | SecureWorks Corp. Class A | 401 | 8 |
* | Viant Technology Inc. Class A | 543 | 7 |
* | SentinelOne Inc. Class A | 62 | 4 |
Shares | Market Value• ($000) | ||
* | Clear Secure Inc. Class A | 64 | 3 |
* | Intapp Inc. | 48 | 2 |
* | Sprinklr Inc. Class A | 104 | 2 |
* | MeridianLink Inc. | 66 | 2 |
* | 1stdibs.com Inc. | 51 | 1 |
* | Zeta Global Holdings Corp. Class A | 129 | 1 |
640,551 | |||
Telecommunications (3.0%) | |||
Comcast Corp. Class A | 224,900 | 13,647 | |
Cisco Systems Inc. | 208,288 | 12,293 | |
Verizon Communications Inc. | 203,950 | 11,217 | |
AT&T Inc. | 351,687 | 9,643 | |
* | Charter Communications Inc. Class A | 6,470 | 5,284 |
* | T-Mobile U.S. Inc. | 29,006 | 3,974 |
* | Roku Inc. | 5,692 | ���2,006 |
Motorola Solutions Inc. | 8,204 | 2,004 | |
* | Liberty Broadband Corp. Class C | 7,736 | 1,480 |
* | Arista Networks Inc. | 2,953 | 1,091 |
Lumen Technologies Inc. | 53,731 | 661 | |
Cable One Inc. | 258 | 542 | |
* | DISH Network Corp. Class A | 12,126 | 529 |
Juniper Networks Inc. | 15,879 | 460 | |
* | Ciena Corp. | 7,552 | 431 |
* | Lumentum Holdings Inc. | 3,716 | 322 |
* | Altice USA Inc. Class A | 10,472 | 287 |
* | Iridium Communications Inc. | 5,737 | 255 |
* | fuboTV Inc. | 6,357 | 185 |
* | Viavi Solutions Inc. | 10,892 | 177 |
* | Liberty Broadband Corp. Class A | 889 | 165 |
* | Vonage Holdings Corp. | 11,607 | 164 |
* | CommScope Holding Co. Inc. | 9,776 | 154 |
* | ViaSat Inc. | 2,976 | 154 |
Cogent Communications Holdings Inc. | 2,035 | 148 | |
* | 8x8 Inc. | 5,088 | 123 |
* | Calix Inc. | 2,573 | 120 |
InterDigital Inc. | 1,449 | 104 | |
Ubiquiti Inc. | 316 | 103 | |
* | Liberty Latin America Ltd. Class C | 7,081 | 102 |
Telephone and Data Systems Inc. | 4,747 | 96 | |
* | Vocera Communications Inc. | 1,724 | 84 |
* | Infinera Corp. | 8,313 | 70 |
Shenandoah Telecommunications Co. | 2,293 | 68 | |
* | Extreme Networks Inc. | 6,216 | 67 |
* | Globalstar Inc. | 30,678 | 61 |
* | EchoStar Corp. Class A | 2,089 | 56 |
* | WideOpenWest Inc. | 2,571 | 55 |
* | NETGEAR Inc. | 1,499 | 54 |
ADTRAN Inc. | 2,556 | 53 | |
* | Plantronics Inc. | 1,723 | 51 |
* | IDT Corp. Class B | 1,076 | 47 |
* | Cincinnati Bell Inc. | 2,680 | 42 |
* | Harmonic Inc. | 4,501 | 42 |
* | Gogo Inc. | 3,063 | 41 |
* | ORBCOMM Inc. | 3,564 | 41 |
* | Digi International Inc. | 1,703 | 37 |
* | Consolidated Communications Holdings Inc. | 3,881 | 36 |
Shares | Market Value• ($000) | ||
* | Inseego Corp. | 4,208 | 35 |
Comtech Telecommunications Corp. | 1,325 | 34 | |
* | Anterix Inc. | 563 | 33 |
* | Liberty Latin America Ltd. Class A | 2,161 | 31 |
Loral Space & Communications Inc. | 620 | 26 | |
ATN International Inc. | 521 | 24 | |
* | Clearfield Inc. | 498 | 23 |
* | Ribbon Communications Inc. | 3,548 | 23 |
* | U.S. Cellular Corp. | 720 | 23 |
* | Akoustis Technologies Inc. | 2,193 | 22 |
* | CalAmp Corp. | 1,923 | 22 |
* | Ooma Inc. | 1,134 | 22 |
* | Cambium Networks Corp. | 488 | 18 |
* | Aviat Networks Inc. | 487 | 17 |
* | DZS Inc. | 846 | 12 |
* | Casa Systems Inc. | 1,540 | 11 |
* | Hemisphere Media Group Inc. Class A | 805 | 10 |
* | KVH Industries Inc. | 798 | 8 |
* | Kaltura Inc. | 148 | 2 |
69,222 | |||
Utilities (2.7%) | |||
NextEra Energy Inc. | 96,564 | 8,110 | |
Duke Energy Corp. | 37,990 | 3,976 | |
Southern Co. | 52,210 | 3,432 | |
Waste Management Inc. | 20,812 | 3,228 | |
Dominion Energy Inc. | 39,699 | 3,090 | |
Exelon Corp. | 48,233 | 2,364 | |
American Electric Power Co. Inc. | 24,688 | 2,211 | |
Sempra Energy | 15,549 | 2,058 | |
Xcel Energy Inc. | 26,637 | 1,831 | |
American Water Works Co. Inc. | 8,896 | 1,621 | |
Public Service Enterprise Group Inc. | 24,700 | 1,579 | |
Eversource Energy | 16,780 | 1,522 | |
WEC Energy Group Inc. | 15,387 | 1,454 | |
Republic Services Inc. Class A | 10,304 | 1,279 | |
Consolidated Edison Inc. | 16,862 | 1,272 | |
DTE Energy Co. | 9,462 | 1,139 | |
PPL Corp. | 38,166 | 1,120 | |
Ameren Corp. | 12,431 | 1,090 | |
Entergy Corp. | 9,808 | 1,085 | |
Edison International | 18,245 | 1,055 | |
FirstEnergy Corp. | 26,616 | 1,035 | |
CMS Energy Corp. | 14,303 | 917 | |
Evergy Inc. | 11,593 | 794 | |
Alliant Energy Corp. | 12,918 | 785 | |
AES Corp. | 32,428 | 774 | |
CenterPoint Energy Inc. | 29,116 | 731 | |
* | PG&E Corp. | 73,690 | 676 |
Atmos Energy Corp. | 6,543 | 638 | |
Essential Utilities Inc. | 11,166 | 554 | |
NRG Energy Inc. | 11,871 | 542 | |
NiSource Inc. | 19,899 | 490 | |
UGI Corp. | 10,287 | 476 | |
Vistra Corp. | 23,413 | 447 | |
* | Sunrun Inc. | 9,736 | 431 |
Pinnacle West Capital Corp. | 5,522 | 425 | |
OGE Energy Corp. | 9,862 | 349 | |
* | Stericycle Inc. | 4,479 | 312 |
Shares | Market Value• ($000) | ||
Brookfield Renewable Corp. Class A | 6,179 | 271 | |
IDACORP Inc. | 2,460 | 259 | |
* | Clean Harbors Inc. | 2,490 | 256 |
Hawaiian Electric Industries Inc. | 5,106 | 223 | |
National Fuel Gas Co. | 4,244 | 220 | |
Portland General Electric Co. | 4,279 | 220 | |
* | Evoqua Water Technologies Corp. | 5,577 | 217 |
PNM Resources Inc. | 4,322 | 214 | |
Black Hills Corp. | 2,999 | 211 | |
* | Southwest Gas Holdings Inc. | 2,788 | 196 |
ONE Gas Inc. | 2,542 | 183 | |
* | Casella Waste Systems Inc. Class A | 2,335 | 173 |
New Jersey Resources Corp. | 4,605 | 172 | |
ALLETE Inc. | 2,501 | 169 | |
American States Water Co. | 1,755 | 162 | |
Spire Inc. | 2,422 | 162 | |
Ormat Technologies Inc. (XNYS) | 2,173 | 155 | |
California Water Service Group | 2,410 | 153 | |
NorthWestern Corp. | 2,397 | 152 | |
Avangrid Inc. | 2,754 | 150 | |
* | Sunnova Energy International Inc. | 4,128 | 149 |
Avista Corp. | 3,284 | 137 | |
MGE Energy Inc. | 1,695 | 137 | |
Clearway Energy Inc. Class C | 4,104 | 129 | |
South Jersey Industries Inc. | 4,993 | 124 | |
Covanta Holding Corp. | 5,728 | 115 | |
Brookfield Infrastructure Corp. Class A | 1,726 | 110 | |
Chesapeake Utilities Corp. | 801 | 105 | |
Middlesex Water Co. | 817 | 89 | |
SJW Group | 1,260 | 87 | |
* | Harsco Corp. | 3,958 | 72 |
Northwest Natural Holding Co. | 1,371 | 71 | |
* | U.S. Ecology Inc. | 1,521 | 55 |
York Water Co. | 946 | 49 | |
Clearway Energy Inc. Class A | 1,568 | 47 | |
Unitil Corp. | 749 | 37 | |
* | Heritage-Crystal Clean Inc. | 723 | 21 |
Artesian Resources Corp. Class A | 419 | 16 | |
* | Pure Cycle Corp. | 969 | 14 |
* | Cadiz Inc. | 991 | 13 |
Global Water Resources Inc. | 630 | 13 | |
Via Renewables Inc. Class A | 617 | 7 | |
* | Sharps Compliance Corp. | 614 | 6 |
60,413 | |||
Total Common Stocks (Cost $1,399,168) | 2,269,177 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (0.3%) | |||
Money Market Fund (0.3%) | |||
5,6 | Vanguard Market Liquidity Fund, 0.068% (Cost $7,064) | 70,643 | 7,064 |
Total Investments (99.9%) (Cost $1,406,232) | 2,276,241 | ||
Other Assets and Liabilities—Net (0.1%) | 1,663 | ||
Net Assets (100%) | 2,277,904 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $644,000. |
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 August 31, 2021, the aggregate value was $200,000, 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 $684,000 was received for securities on loan. |
CVR—Contingent Value Rights. | |
REIT—Real Estate Investment Trust. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini Russell 2000 Index | September 2021 | 12 | 1,363 | 9 |
E-mini S&P 500 Index | September 2021 | 34 | 7,685 | 289 |
298 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $1,399,168) | 2,269,177 |
Affiliated Issuers (Cost $7,064) | 7,064 |
Total Investments in Securities | 2,276,241 |
Investment in Vanguard | 75 |
Cash Collateral Pledged—Futures Contracts | 473 |
Receivables for Investment Securities Sold | 496 |
Receivables for Accrued Income | 2,527 |
Total Assets | 2,279,812 |
Liabilities | |
Due to Custodian | 495 |
Payables for Investment Securities Purchased | 612 |
Collateral for Securities on Loan | 684 |
Payables for Capital Shares Redeemed | 23 |
Payables to Vanguard | 89 |
Variation Margin Payable—Futures Contracts | 5 |
Total Liabilities | 1,908 |
Net Assets | 2,277,904 |
At August 31, 2021, net assets consisted of: | |
Paid-in Capital | 1,439,852 |
Total Distributable Earnings (Loss) | 838,052 |
Net Assets | 2,277,904 |
ETF Shares—Net Assets | |
Applicable to 5,400,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,123,915 |
Net Asset Value Per Share—ETF Shares | $208.13 |
Institutional Shares—Net Assets | |
Applicable to 2,864,477 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,153,989 |
Net Asset Value Per Share—Institutional Shares | $402.86 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Dividends | 28,354 |
Interest1 | 6 |
Securities Lending—Net | 95 |
Total Income | 28,455 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 301 |
Management and Administrative—ETF Shares | 691 |
Management and Administrative—Institutional Shares | 636 |
Marketing and Distribution—ETF Shares | 39 |
Marketing and Distribution—Institutional Shares | 32 |
Custodian Fees | 49 |
Auditing Fees | 29 |
Shareholders’ Reports—ETF Shares | 11 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 1 |
Total Expenses | 1,789 |
Net Investment Income | 26,666 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 174,607 |
Futures Contracts | 1,722 |
Realized Net Gain (Loss) | 176,329 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 371,679 |
Futures Contracts | 58 |
Change in Unrealized Appreciation (Depreciation) | 371,737 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 574,732 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $5,000, less than $1,000, and less than ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $176,199,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 26,666 | 25,428 |
Realized Net Gain (Loss) | 176,329 | 64,214 |
Change in Unrealized Appreciation (Depreciation) | 371,737 | 227,652 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 574,732 | 317,294 |
Distributions | ||
ETF Shares | (11,774) | (9,023) |
Institutional Shares | (14,477) | (16,339) |
Total Distributions | (26,251) | (25,362) |
Capital Share Transactions | ||
ETF Shares | 160,316 | 134,055 |
Institutional Shares | (159,141) | (31,309) |
Net Increase (Decrease) from Capital Share Transactions | 1,175 | 102,746 |
Total Increase (Decrease) | 549,656 | 394,678 |
Net Assets | ||
Beginning of Period | 1,728,248 | 1,333,570 |
End of Period | 2,277,904 | 1,728,248 |
ETF Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $158.71 | $133.26 | $133.98 | $113.52 | $99.77 |
Investment Operations | |||||
Net Investment Income1 | 2.385 | 2.416 | 2.312 | 2.099 | 1.980 |
Net Realized and Unrealized Gain (Loss) on Investments | 49.386 | 25.494 | (.730) | 20.442 | 13.722 |
Total from Investment Operations | 51.771 | 27.910 | 1.582 | 22.541 | 15.702 |
Distributions | |||||
Dividends from Net Investment Income | (2.351) | (2.460) | (2.302) | (2.081) | (1.952) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (2.351) | (2.460) | (2.302) | (2.081) | (1.952) |
Net Asset Value, End of Period | $208.13 | $158.71 | $133.26 | $133.98 | $113.52 |
Total Return | 32.90% | 21.31% | 1.25% | 20.07% | 15.92% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $1,124 | $710 | $463 | $412 | $343 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.15% | 0.15% |
Ratio of Net Investment Income to Average Net Assets | 1.31% | 1.74% | 1.79% | 1.70% | 1.85% |
Portfolio Turnover Rate2 | 10% | 8% | 10% | 14% | 16% |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $307.19 | $257.87 | $259.33 | $219.72 | $193.10 |
Investment Operations | |||||
Net Investment Income1 | 4.689 | 4.739 | 4.499 | 4.220 | 3.952 |
Net Realized and Unrealized Gain (Loss) on Investments | 95.580 | 49.347 | (1.394) | 39.578 | 26.583 |
Total from Investment Operations | 100.269 | 54.086 | 3.105 | 43.798 | 30.535 |
Distributions | |||||
Dividends from Net Investment Income | (4.599) | (4.766) | (4.565) | (4.188) | (3.915) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (4.599) | (4.766) | (4.565) | (4.188) | (3.915) |
Net Asset Value, End of Period | $402.86 | $307.19 | $257.87 | $259.33 | $219.72 |
Total Return | 32.94% | 21.38% | 1.27% | 20.15% | 16.00% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $1,154 | $1,018 | $871 | $879 | $755 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.34% | 1.76% | 1.81% | 1.77% | 1.92% |
Portfolio Turnover Rate2 | 10% | 8% | 10% | 14% | 16% |
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 | 2,268,682 | — | 495 | 2,269,177 |
Temporary Cash Investments | 7,064 | — | — | 7,064 |
Total | 2,275,746 | — | 495 | 2,276,241 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 298 | — | — | 298 |
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. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for in-kind redemptions and passive foreign investment companies were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 176,151 |
Total Distributable Earnings (Loss) | (176,151) |
Amount ($000) | |
Undistributed Ordinary Income | 5,771 |
Undistributed Long-Term Gains | — |
Capital Loss Carryforwards | (32,032) |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 864,313 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 26,251 | 25,362 |
Long-Term Capital Gains | — | — |
Total | 26,251 | 25,362 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 1,411,929 |
Gross Unrealized Appreciation | 943,849 |
Gross Unrealized Depreciation | (79,536) |
Net Unrealized Appreciation (Depreciation) | 864,313 |
E. | During the year ended August 31, 2021, the fund purchased $513,727,000 of investment securities and sold $514,484,000 of investment securities, other than temporary cash investments. Purchases and sales include $190,508,000 and $316,898,000, 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: |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 478,092 | 2,675 | 303,642 | 2,225 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (317,776) | (1,750) | (169,587) | (1,225) | |
Net Increase (Decrease)—ETF Shares | 160,316 | 925 | 134,055 | 1,000 |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Institutional Shares | |||||
Issued | 264,939 | 764 | 166,350 | 666 | |
Issued in Lieu of Cash Distributions | 12,831 | 38 | 15,624 | 62 | |
Redeemed | (436,911) | (1,252) | (213,283) | (790) | |
Net Increase (Decrease)—Institutional Shares | (159,141) | (450) | (31,309) | (62) |
G. | Management has determined that no events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Philadelphia, Pennsylvania
October 20, 2021
Matthew Benchener | Chris D. Mclsaac |
Joseph Brennan | Thomas M. Rampulla |
Mortimer J. Buckley | Karin A. Risi |
Gregory Davis | Anne E. Robinson |
John James | Michael Rollings |
John T. Marcante | Lauren Valente |
All rights reserved.
U.S. Patent Nos. 6,879,964 and 7,720,749.
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 |
1 | |
2 | |
5 | |
23 | |
41 | |
58 | |
118 | |
173 | |
236 | |
260 | |
262 |
• | For the 12 months ended August 31, 2021, returns for the Vanguard Sector Bond Index Funds ranged from about –7% for all share classes of Vanguard Long-Term Treasury Index Fund to more than 4% for ETF Shares of Vanguard Long-Term Corporate Bond Index Fund. |
• | During the fiscal year, the global economy rebounded faster from the COVID-19 pandemic than many had expected. Countries that were more successful in containing the virus generally fared better economically. Swift and extensive fiscal and monetary support from policymakers also were keys to the rebound. |
• | Bond returns were dampened by rising bond yields across much of the developed world, notably in the United States. |
• | The yield of the 30-year U.S. Treasury bond rose from 1.47% to 1.93%. Corporate securities generally outperformed both Treasuries and mortgage-backed securities. |
• | By maturity, longer-term corporates outpaced their shorter-term counterparts. By credit quality, lower-quality bonds outperformed high-quality issues. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||
One Year | Three Years | Five Years | |
Stocks | |||
Russell 1000 Index (Large-caps) | 32.25% | 18.42% | 18.24% |
Russell 2000 Index (Small-caps) | 47.08 | 10.75 | 14.38 |
Russell 3000 Index (Broad U.S. market) | 33.04 | 17.85 | 17.97 |
FTSE All-World ex US Index (International) | 25.74 | 9.82 | 10.23 |
Bonds | |||
Bloomberg U.S. Aggregate Bond Index (Broad taxable market) | -0.08% | 5.43% | 3.11% |
Bloomberg Municipal Bond Index (Broad tax-exempt market) | 3.40 | 5.09 | 3.30 |
FTSE Three-Month U.S. Treasury Bill Index | 0.06 | 1.20 | 1.13 |
CPI | |||
Consumer Price Index | 5.25% | 2.76% | 2.58% |
• | 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 August 31, 2021 | |||
Beginning Account Value 2/28/2021 | Ending Account Value 8/31/2021 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Short-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,001.00 | $0.15 |
AdmiralTM Shares | 1,000.00 | 1,000.60 | 0.35 |
Institutional Shares | 1,000.00 | 1,000.90 | 0.25 |
Intermediate-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,008.70 | $0.15 |
Admiral Shares | 1,000.00 | 1,008.60 | 0.35 |
Institutional Shares | 1,000.00 | 1,008.80 | 0.25 |
Long-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,046.70 | $0.15 |
Admiral Shares | 1,000.00 | 1,046.30 | 0.36 |
Institutional Shares | 1,000.00 | 1,046.50 | 0.26 |
Short-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,007.20 | $0.15 |
Admiral Shares | 1,000.00 | 1,007.30 | 0.35 |
Institutional Shares | 1,000.00 | 1,007.10 | 0.25 |
Intermediate-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,021.40 | $0.15 |
Admiral Shares | 1,000.00 | 1,021.20 | 0.36 |
Institutional Shares | 1,000.00 | 1,021.30 | 0.25 |
Long-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,057.50 | $0.16 |
Admiral Shares | 1,000.00 | 1,057.50 | 0.36 |
Institutional Shares | 1,000.00 | 1,057.40 | 0.26 |
Mortgage-Backed Securities Index Fund | |||
ETF Shares | $1,000.00 | $1,000.40 | $0.15 |
Admiral Shares | 1,000.00 | 1,000.30 | 0.35 |
Institutional Shares | 1,000.00 | 1,000.10 | 0.25 |
Six Months Ended August 31, 2021 | |||
Beginning Account Value 2/28/2021 | Ending Account Value 8/31/2021 | Expenses Paid During Period | |
Based on Hypothetical 5% Yearly Return | |||
Short-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,025.05 | $0.15 |
Admiral Shares | 1,000.00 | 1,024.85 | 0.36 |
Institutional Shares | 1,000.00 | 1,024.95 | 0.26 |
Intermediate-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,025.05 | $0.15 |
Admiral Shares | 1,000.00 | 1,024.85 | 0.36 |
Institutional Shares | 1,000.00 | 1,024.95 | 0.26 |
Long-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,025.05 | $0.15 |
Admiral Shares | 1,000.00 | 1,024.85 | 0.36 |
Institutional Shares | 1,000.00 | 1,024.95 | 0.26 |
Short-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,025.05 | $0.15 |
Admiral Shares | 1,000.00 | 1,024.85 | 0.36 |
Institutional Shares | 1,000.00 | 1,024.95 | 0.26 |
Intermediate-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,025.05 | $0.15 |
Admiral Shares | 1,000.00 | 1,024.85 | 0.36 |
Institutional Shares | 1,000.00 | 1,024.95 | 0.26 |
Long-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,025.05 | $0.15 |
Admiral Shares | 1,000.00 | 1,024.85 | 0.36 |
Institutional Shares | 1,000.00 | 1,024.95 | 0.26 |
Mortgage-Backed Securities Index Fund | |||
ETF Shares | $1,000.00 | $1,025.05 | $0.15 |
Admiral Shares | 1,000.00 | 1,024.85 | 0.36 |
Institutional Shares | 1,000.00 | 1,024.95 | 0.26 |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Short-Term Treasury Index Fund ETF Shares Net Asset Value | 0.11% | 1.64% | 1.10% | $11,160 | |
Short-Term Treasury Index Fund ETF Shares Market Price | 0.11 | 1.63 | 1.10 | 11,153 | |
Spliced Bloomberg U.S. Treasury 1–3 Year Index | 0.14 | 1.69 | 1.18 | 11,245 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 13,728 |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Short-Term Treasury Index Fund Admiral Shares | 0.08% | 1.62% | 1.09% | $11,148 | |
Spliced Bloomberg U.S. Treasury 1–3 Year Index | 0.14 | 1.69 | 1.18 | 11,245 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 13,728 |
One Year | Five Years | Ten Years | Final Value of a $5,000,000 Investment | ||
Short-Term Treasury Index Fund Institutional Shares | 0.11% | 1.65% | 1.12% | $5,589,864 | |
Spliced Bloomberg U.S. Treasury 1–3 Year Index | 0.14 | 1.69 | 1.18 | 5,622,556 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 6,863,983 |
Cumulative Returns of ETF Shares: August 31, 2011, Through August 31, 2021 | |||
One Year | Five Years | Ten Years | |
Short-Term Treasury Index Fund ETF Shares Market Price | 0.11% | 8.43% | 11.53% |
Short-Term Treasury Index Fund ETF Shares Net Asset Value | 0.11 | 8.46 | 11.60 |
Spliced Bloomberg U.S. Treasury 1–3 Year Index | 0.14 | 8.74 | 12.45 |
Under 1 Year | 0.2% |
1 - 2 Years | 52.6 |
2 - 3 Years | 44.6 |
3 - 4 Years | 2.6 |
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 | 21,660 | ||
United States Treasury Note/Bond | 1.750% | 4/30/22 | 2 | 2 | ||
United States Treasury Note/Bond | 7.250% | 8/15/22 | 17,525 | 18,702 | ||
United States Treasury Note/Bond | 0.125% | 9/30/22 | 291,770 | 291,861 | ||
United States Treasury Note/Bond | 1.750% | 9/30/22 | 61,435 | 62,529 | ||
United States Treasury Note/Bond | 1.375% | 10/15/22 | 224,943 | 228,141 | ||
United States Treasury Note/Bond | 0.125% | 10/31/22 | 297,210 | 297,256 | ||
United States Treasury Note/Bond | 1.875% | 10/31/22 | 145,149 | 148,143 | ||
United States Treasury Note/Bond | 2.000% | 10/31/22 | 57,966 | 59,234 | ||
United States Treasury Note/Bond | 1.625% | 11/15/22 | 385,310 | 392,294 | ||
United States Treasury Note/Bond | 0.125% | 11/30/22 | 341,465 | 341,518 | ||
United States Treasury Note/Bond | 2.000% | 11/30/22 | 292,660 | 299,519 | ||
United States Treasury Note/Bond | 1.625% | 12/15/22 | 258,335 | 263,340 | ||
United States Treasury Note/Bond | 0.125% | 12/31/22 | 280,205 | 280,205 | ||
United States Treasury Note/Bond | 2.125% | 12/31/22 | 144,640 | 148,482 | ||
United States Treasury Note/Bond | 1.500% | 1/15/23 | 146,770 | 149,522 | ||
United States Treasury Note/Bond | 0.125% | 1/31/23 | 248,575 | 248,536 | ||
United States Treasury Note/Bond | 1.750% | 1/31/23 | 125,960 | 128,833 | ||
United States Treasury Note/Bond | 2.375% | 1/31/23 | 34,680 | 35,780 | ||
United States Treasury Note/Bond | 1.375% | 2/15/23 | 220,835 | 224,803 | ||
United States Treasury Note/Bond | 2.000% | 2/15/23 | 266,005 | 273,195 | ||
United States Treasury Note/Bond | 0.125% | 2/28/23 | 215,105 | 215,038 | ||
United States Treasury Note/Bond | 1.500% | 2/28/23 | 130,902 | 133,561 | ||
United States Treasury Note/Bond | 2.625% | 2/28/23 | 148,900 | 154,437 | ||
United States Treasury Note/Bond | 0.500% | 3/15/23 | 225,435 | 226,668 | ||
United States Treasury Note/Bond | 0.125% | 3/31/23 | 188,640 | 188,552 | ||
United States Treasury Note/Bond | 1.500% | 3/31/23 | 222,025 | 226,743 | ||
United States Treasury Note/Bond | 2.500% | 3/31/23 | 205,995 | 213,623 | ||
United States Treasury Note/Bond | 0.250% | 4/15/23 | 301,820 | 302,292 | ||
United States Treasury Note/Bond | 0.125% | 4/30/23 | 220,215 | 220,077 | ||
United States Treasury Note/Bond | 1.625% | 4/30/23 | 47,215 | 48,366 | ||
United States Treasury Note/Bond | 2.750% | 4/30/23 | 55,200 | 57,572 | ||
United States Treasury Note/Bond | 0.125% | 5/15/23 | 271,505 | 271,335 | ||
United States Treasury Note/Bond | 1.750% | 5/15/23 | 155,548 | 159,753 | ||
United States Treasury Note/Bond | 0.125% | 5/31/23 | 188,540 | 188,393 | ||
United States Treasury Note/Bond | 1.625% | 5/31/23 | 55,495 | 56,900 | ||
United States Treasury Note/Bond | 2.750% | 5/31/23 | 91,890 | 96,025 | ||
United States Treasury Note/Bond | 0.250% | 6/15/23 | 270,820 | 271,159 | ||
United States Treasury Note/Bond | 0.125% | 6/30/23 | 188,810 | 188,663 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 1.375% | 6/30/23 | 164,400 | 167,996 | ||
United States Treasury Note/Bond | 2.625% | 6/30/23 | 56,910 | 59,444 | ||
United States Treasury Note/Bond | 0.125% | 7/15/23 | 289,485 | 289,168 | ||
United States Treasury Note/Bond | 0.125% | 7/31/23 | 181,860 | 181,661 | ||
United States Treasury Note/Bond | 1.250% | 7/31/23 | 94,747 | 96,657 | ||
United States Treasury Note/Bond | 2.750% | 7/31/23 | 66,637 | 69,886 | ||
United States Treasury Note/Bond | 0.125% | 8/15/23 | 267,415 | 267,039 | ||
United States Treasury Note/Bond | 2.500% | 8/15/23 | 269,720 | 281,773 | ||
United States Treasury Note/Bond | 6.250% | 8/15/23 | 10,525 | 11,758 | ||
United States Treasury Note/Bond | 0.125% | 8/31/23 | 83,325 | 83,195 | ||
United States Treasury Note/Bond | 1.375% | 8/31/23 | 216,070 | 221,067 | ||
United States Treasury Note/Bond | 2.750% | 8/31/23 | 66,499 | 69,866 | ||
United States Treasury Note/Bond | 0.125% | 9/15/23 | 280,125 | 279,600 | ||
United States Treasury Note/Bond | 1.375% | 9/30/23 | 219,725 | 224,978 | ||
United States Treasury Note/Bond | 2.875% | 9/30/23 | 86,630 | 91,381 | ||
United States Treasury Note/Bond | 0.125% | 10/15/23 | 291,280 | 290,643 | ||
United States Treasury Note/Bond | 1.625% | 10/31/23 | 185,205 | 190,761 | ||
United States Treasury Note/Bond | 2.875% | 10/31/23 | 217,640 | 230,018 | ||
United States Treasury Note/Bond | 0.250% | 11/15/23 | 351,185 | 351,240 | ||
United States Treasury Note/Bond | 2.750% | 11/15/23 | 245,590 | 259,097 | ||
United States Treasury Note/Bond | 2.125% | 11/30/23 | 74,495 | 77,615 | ||
United States Treasury Note/Bond | 2.875% | 11/30/23 | 75,770 | 80,222 | ||
United States Treasury Note/Bond | 0.125% | 12/15/23 | 324,375 | 323,361 | ||
United States Treasury Note/Bond | 2.250% | 12/31/23 | 46,434 | 48,567 | ||
United States Treasury Note/Bond | 2.625% | 12/31/23 | 77,220 | 81,431 | ||
United States Treasury Note/Bond | 0.125% | 1/15/24 | 313,225 | 312,050 | ||
United States Treasury Note/Bond | 2.250% | 1/31/24 | 160,343 | 167,934 | ||
United States Treasury Note/Bond | 2.500% | 1/31/24 | 91,190 | 96,035 | ||
United States Treasury Note/Bond | 0.125% | 2/15/24 | 395,205 | 393,661 | ||
United States Treasury Note/Bond | 2.750% | 2/15/24 | 300,175 | 318,232 | ||
United States Treasury Note/Bond | 2.125% | 2/29/24 | 77,314 | 80,829 | ||
United States Treasury Note/Bond | 2.375% | 2/29/24 | 74,195 | 78,021 | ||
United States Treasury Note/Bond | 0.250% | 3/15/24 | 261,360 | 260,952 | ||
United States Treasury Note/Bond | 2.125% | 3/31/24 | 219,453 | 229,637 | ||
United States Treasury Note/Bond | 0.375% | 4/15/24 | 377,815 | 378,228 | ||
United States Treasury Note/Bond | 2.000% | 4/30/24 | 55,170 | 57,610 | ||
United States Treasury Note/Bond | 2.250% | 4/30/24 | 144,546 | 151,864 | ||
United States Treasury Note/Bond | 0.250% | 5/15/24 | 372,355 | 371,308 | ||
United States Treasury Note/Bond | 2.500% | 5/15/24 | 257,534 | 272,503 | ||
United States Treasury Note/Bond | 2.000% | 5/31/24 | 172,845 | 180,596 | ||
United States Treasury Note/Bond | 0.250% | 6/15/24 | 334,685 | 333,639 | ||
United States Treasury Note/Bond | 1.750% | 6/30/24 | 129,485 | 134,543 | ||
United States Treasury Note/Bond | 2.000% | 6/30/24 | 55,347 | 57,890 | ||
United States Treasury Note/Bond | 0.375% | 7/15/24 | 324,915 | 324,813 | ||
United States Treasury Note/Bond | 1.750% | 7/31/24 | 62,540 | 65,032 | ||
United States Treasury Note/Bond | 2.125% | 7/31/24 | 61,748 | 64,864 | ||
United States Treasury Note/Bond | 0.375% | 8/15/24 | 502,745 | 502,352 | ||
United States Treasury Note/Bond | 2.375% | 8/15/24 | 178,772 | 189,219 | ||
United States Treasury Note/Bond | 1.250% | 8/31/24 | 112,505 | 115,353 | ||
United States Treasury Note/Bond | 1.875% | 8/31/24 | 82,905 | 86,545 | ||
United States Treasury Note/Bond | 1.500% | 9/30/24 | 123,554 | 127,647 | ||
United States Treasury Note/Bond | 2.125% | 9/30/24 | 49,501 | 52,077 | ||
United States Treasury Note/Bond | 2.250% | 10/31/24 | 54,050 | 57,124 | ||
Total U.S. Government and Agency Obligations (Cost $16,900,893) | 16,921,694 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (0.1%) | ||||||
Money Market Fund (0.1%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $25,593) | 0.068% | 255,931 | 25,593 | ||
Total Investments (99.9%) (Cost $16,926,486) | 16,947,287 | |||||
Other Assets and Liabilities—Net (0.1%) | 14,396 | |||||
Net Assets (100%) | 16,961,683 |
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 | |
Unaffiliated Issuers (Cost $16,900,893) | 16,921,694 |
Affiliated Issuers (Cost $25,593) | 25,593 |
Total Investments in Securities | 16,947,287 |
Investment in Vanguard | 576 |
Receivables for Investment Securities Sold | 900,315 |
Receivables for Accrued Income | 40,100 |
Receivables for Capital Shares Issued | 5,491 |
Total Assets | 17,893,769 |
Liabilities | |
Payables for Investment Securities Purchased | 919,844 |
Payables for Capital Shares Redeemed | 11,940 |
Payables for Distributions | 193 |
Payables to Vanguard | 109 |
Total Liabilities | 932,086 |
Net Assets | 16,961,683 |
Statement of Assets and Liabilities (continued) | |
At August 31, 2021, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 16,889,397 |
Total Distributable Earnings (Loss) | 72,286 |
Net Assets | 16,961,683 |
ETF Shares—Net Assets | |
Applicable to 217,799,315 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 13,393,857 |
Net Asset Value Per Share—ETF Shares | $61.50 |
Admiral Shares—Net Assets | |
Applicable to 118,475,879 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,429,985 |
Net Asset Value Per Share—Admiral Shares | $20.51 |
Institutional Shares—Net Assets | |
Applicable to 44,158,463 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,137,841 |
Net Asset Value Per Share—Institutional Shares | $25.77 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 75,506 |
Total Income | 75,506 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 345 |
Management and Administrative—ETF Shares | 3,499 |
Management and Administrative—Admiral Shares | 1,614 |
Management and Administrative—Institutional Shares | 541 |
Marketing and Distribution—ETF Shares | 479 |
Marketing and Distribution—Admiral Shares | 118 |
Marketing and Distribution—Institutional Shares | 38 |
Custodian Fees | 23 |
Auditing Fees | 54 |
Shareholders’ Reports—ETF Shares | 130 |
Shareholders’ Reports—Admiral Shares | 13 |
Shareholders’ Reports—Institutional Shares | 8 |
Trustees’ Fees and Expenses | 5 |
Total Expenses | 6,867 |
Net Investment Income | 68,639 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | 81,417 |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (133,475) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 16,581 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $20,000, $1,000, and ($2,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $11,839,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 68,639 | 157,906 |
Realized Net Gain (Loss) | 81,417 | 116,819 |
Change in Unrealized Appreciation (Depreciation) | (133,475) | 45,925 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 16,581 | 320,650 |
Distributions | ||
ETF Shares | (110,961) | (112,729) |
Admiral Shares | (27,852) | (31,855) |
Institutional Shares | (12,476) | (16,661) |
Total Distributions | (151,289) | (161,245) |
Capital Share Transactions | ||
ETF Shares | 4,351,856 | 3,696,728 |
Admiral Shares | (291,770) | 1,119,921 |
Institutional Shares | 44,764 | 111,617 |
Net Increase (Decrease) from Capital Share Transactions | 4,104,850 | 4,928,266 |
Total Increase (Decrease) | 3,970,142 | 5,087,671 |
Net Assets | ||
Beginning of Period | 12,991,541 | 7,903,870 |
End of Period | 16,961,683 | 12,991,541 |
ETF Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $62.13 | $61.12 | $59.89 | $60.86 | $61.14 |
Investment Operations | |||||
Net Investment Income1 | .288 | .956 | 1.430 | .965 | .614 |
Net Realized and Unrealized Gain (Loss) on Investments | (.220) | 1.115 | 1.165 | (1.062) | (.311) |
Total from Investment Operations | .068 | 2.071 | 2.595 | (.097) | .303 |
Distributions | |||||
Dividends from Net Investment Income | (.325) | (1.061) | (1.365) | (.873) | (.573) |
Distributions from Realized Capital Gains | (.373) | — | — | — | (.010) |
Total Distributions | (.698) | (1.061) | (1.365) | (.873) | (.583) |
Net Asset Value, End of Period | $61.50 | $62.13 | $61.12 | $59.89 | $60.86 |
Total Return | 0.11% | 3.43% | 4.39% | -0.15% | 0.50% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $13,394 | $9,140 | $5,334 | $3,080 | $1,832 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.05% | 0.05% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 0.47% | 1.55% | 2.37% | 1.61% | 1.01% |
Portfolio Turnover Rate2 | 66% | 67% | 55% | 67% | 60% |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $20.71 | $20.35 | $19.95 | $20.29 | $20.38 |
Investment Operations | |||||
Net Investment Income1 | .095 | .312 | .472 | .324 | .202 |
Net Realized and Unrealized Gain (Loss) on Investments | (.078) | .375 | .384 | (.358) | (.096) |
Total from Investment Operations | .017 | .687 | .856 | (.034) | .106 |
Distributions | |||||
Dividends from Net Investment Income | (.093) | (.327) | (.456) | (.306) | (.193) |
Distributions from Realized Capital Gains | (.124) | — | — | — | (.003) |
Total Distributions | (.217) | (.327) | (.456) | (.306) | (.196) |
Net Asset Value, End of Period | $20.51 | $20.71 | $20.35 | $19.95 | $20.29 |
Total Return2 | 0.08% | 3.41% | 4.34% | -0.16% | 0.53% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $2,430 | $2,748 | $1,596 | $929 | $507 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 0.46% | 1.52% | 2.35% | 1.61% | 1.01% |
Portfolio Turnover Rate3 | 66% | 67% | 55% | 67% | 60% |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $26.02 | $25.57 | $25.06 | $25.49 | $25.60 |
Investment Operations | |||||
Net Investment Income1 | .120 | .421 | .598 | .425 | .260 |
Net Realized and Unrealized Gain (Loss) on Investments | (.092) | .445 | .490 | (.467) | (.117) |
Total from Investment Operations | .028 | .866 | 1.088 | (.042) | .143 |
Distributions | |||||
Dividends from Net Investment Income | (.122) | (.416) | (.578) | (.388) | (.249) |
Distributions from Realized Capital Gains | (.156) | — | — | — | (.004) |
Total Distributions | (.278) | (.416) | (.578) | (.388) | (.253) |
Net Asset Value, End of Period | $25.77 | $26.02 | $25.57 | $25.06 | $25.49 |
Total Return | 0.11% | 3.42% | 4.40% | -0.16% | 0.56% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $1,138 | $1,104 | $974 | $508 | $208 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 0.47% | 1.63% | 2.37% | 1.63% | 1.03% |
Portfolio Turnover Rate2 | 66% | 67% | 55% | 67% | 60% |
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. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 16,921,694 | — | 16,921,694 |
Temporary Cash Investments | 25,593 | — | — | 25,593 |
Total | 25,593 | 16,921,694 | — | 16,947,287 |
D. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for in-kind redemptions and distributions in connection with fund share redemptions were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 17,143 |
Total Distributable Earnings (Loss) | (17,143) |
Amount ($000) | |
Undistributed Ordinary Income | 10,506 |
Undistributed Long-Term Gains | 41,470 |
Capital Loss Carryforwards | — |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 20,503 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 118,534 | 161,245 |
Long-Term Capital Gains | 32,755 | — |
Total | 151,289 | 161,245 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 16,926,784 |
Gross Unrealized Appreciation | 28,683 |
Gross Unrealized Depreciation | (8,180) |
Net Unrealized Appreciation (Depreciation) | 20,503 |
E. | During the year ended August 31, 2021, the fund purchased $15,569,720,000 of investment securities and sold $11,439,302,000 of investment securities, other than temporary cash investments. Purchases and sales include $5,913,570,000 and $1,619,097,000, 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: |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 5,990,667 | 97,261 | 4,979,354 | 80,688 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,638,811) | (26,575) | (1,282,626) | (20,850) | |
Net Increase (Decrease)—ETF Shares | 4,351,856 | 70,686 | 3,696,728 | 59,838 | |
Admiral Shares | |||||
Issued | 989,015 | 48,049 | 2,327,381 | 112,804 | |
Issued in Lieu of Cash Distributions | 22,569 | 1,097 | 24,666 | 1,202 | |
Redeemed | (1,303,354) | (63,333) | (1,232,126) | (59,776) | |
Net Increase (Decrease)—Admiral Shares | (291,770) | (14,187) | 1,119,921 | 54,230 | |
Institutional Shares | |||||
Issued | 632,092 | 24,453 | 587,617 | 22,789 | |
Issued in Lieu of Cash Distributions | 10,629 | 412 | 14,867 | 578 | |
Redeemed | (597,957) | (23,156) | (490,867) | (19,004) | |
Net Increase (Decrease)—Institutional Shares | 44,764 | 1,709 | 111,617 | 4,363 |
G. | Management has determined that no events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Intermediate-Term Treasury Index Fund ETF Shares Net Asset Value | -1.26% | 2.47% | 2.41% | $12,683 | |
Intermediate-Term Treasury Index Fund ETF Shares Market Price | -1.27 | 2.46 | 2.39 | 12,665 | |
Spliced Bloomberg Barclays U.S.Treasury 3–10 Year Index | -1.29 | 2.51 | 2.47 | 12,769 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 13,728 |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Intermediate-Term Treasury Index Fund Admiral Shares | -1.31% | 2.46% | 2.39% | $12,670 | |
Spliced Bloomberg Barclays U.S.Treasury 3–10 Year Index | -1.29 | 2.51 | 2.47 | 12,769 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 13,728 |
One Year | Five Years | Ten Years | Final Value of a $5,000,000 Investment | ||
Intermediate-Term Treasury Index Fund Institutional Shares | -1.26% | 2.48% | 2.42% | $6,353,145 | |
Spliced Bloomberg Barclays U.S.Treasury 3–10 Year Index | -1.29 | 2.51 | 2.47 | 6,384,732 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 6,863,983 |
Cumulative Returns of ETF Shares: August 31, 2011, Through August 31, 2021 | |||
One Year | Five Years | Ten Years | |
Intermediate-Term Treasury Index Fund ETF Shares Market Price | -1.27% | 12.94% | 26.65% |
Intermediate-Term Treasury Index Fund ETF Shares Net Asset Value | -1.26 | 12.99 | 26.83 |
Spliced Bloomberg Barclays U.S.Treasury 3–10 Year Index | -1.29 | 13.21 | 27.69 |
0 - 2 Years | 0.0% |
2 - 4 Years | 20.9 |
4 - 6 Years | 38.7 |
6 - 8 Years | 26.0 |
8 - 10 Years | 14.4 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (99.7%) | ||||||
U.S. Government Securities (99.7%) | ||||||
United States Treasury Note/Bond | 1.500% | 10/31/24 | 136,514 | 141,079 | ||
United States Treasury Note/Bond | 2.250% | 11/15/24 | 192,096 | 203,142 | ||
United States Treasury Note/Bond | 7.500% | 11/15/24 | 6,573 | 8,054 | ||
United States Treasury Note/Bond | 1.500% | 11/30/24 | 125,290 | 129,519 | ||
United States Treasury Note/Bond | 2.125% | 11/30/24 | 76,230 | 80,315 | ||
United States Treasury Note/Bond | 1.750% | 12/31/24 | 94,215 | 98,190 | ||
United States Treasury Note/Bond | 2.250% | 12/31/24 | 76,990 | 81,513 | ||
United States Treasury Note/Bond | 1.375% | 1/31/25 | 127,420 | 131,183 | ||
United States Treasury Note/Bond | 2.500% | 1/31/25 | 37,185 | 39,712 | ||
United States Treasury Note/Bond | 2.000% | 2/15/25 | 136,463 | 143,435 | ||
United States Treasury Note/Bond | 7.625% | 2/15/25 | 3,300 | 4,105 | ||
United States Treasury Note/Bond | 1.125% | 2/28/25 | 142,915 | 145,907 | ||
United States Treasury Note/Bond | 2.750% | 2/28/25 | 76,658 | 82,611 | ||
United States Treasury Note/Bond | 0.500% | 3/31/25 | 112,620 | 112,479 | ||
United States Treasury Note/Bond | 2.625% | 3/31/25 | 60,157 | 64,622 | ||
United States Treasury Note/Bond | 0.375% | 4/30/25 | 131,425 | 130,563 | ||
United States Treasury Note/Bond | 2.875% | 4/30/25 | 24,274 | 26,322 | ||
United States Treasury Note/Bond | 2.125% | 5/15/25 | 172,560 | 182,428 | ||
United States Treasury Note/Bond | 0.250% | 5/31/25 | 145,635 | 143,860 | ||
United States Treasury Note/Bond | 2.875% | 5/31/25 | 56,680 | 61,516 | ||
United States Treasury Note/Bond | 0.250% | 6/30/25 | 159,375 | 157,333 | ||
United States Treasury Note/Bond | 2.750% | 6/30/25 | 54,225 | 58,673 | ||
United States Treasury Note/Bond | 0.250% | 7/31/25 | 83,100 | 81,957 | ||
United States Treasury Note/Bond | 2.875% | 7/31/25 | 116,355 | 126,609 | ||
United States Treasury Note/Bond | 2.000% | 8/15/25 | 132,905 | 140,173 | ||
United States Treasury Note/Bond | 6.875% | 8/15/25 | 23,898 | 29,738 | ||
United States Treasury Note/Bond | 0.250% | 8/31/25 | 156,575 | 154,275 | ||
United States Treasury Note/Bond | 2.750% | 8/31/25 | 69,445 | 75,294 | ||
United States Treasury Note/Bond | 0.250% | 9/30/25 | 108,910 | 107,208 | ||
United States Treasury Note/Bond | 3.000% | 9/30/25 | 59,245 | 64,901 | ||
United States Treasury Note/Bond | 0.250% | 10/31/25 | 80,809 | 79,471 | ||
United States Treasury Note/Bond | 3.000% | 10/31/25 | 74,440 | 81,663 | ||
United States Treasury Note/Bond | 2.250% | 11/15/25 | 171,380 | 182,734 | ||
United States Treasury Note/Bond | 0.375% | 11/30/25 | 182,555 | 180,330 | ||
United States Treasury Note/Bond | 2.875% | 11/30/25 | 72,145 | 78,841 | ||
United States Treasury Note/Bond | 0.375% | 12/31/25 | 64,835 | 63,984 | ||
United States Treasury Note/Bond | 2.625% | 12/31/25 | 59,920 | 64,901 | ||
United States Treasury Note/Bond | 0.375% | 1/31/26 | 96,205 | 94,852 | ||
United States Treasury Note/Bond | 2.625% | 1/31/26 | 77,330 | 83,843 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 1.625% | 2/15/26 | 183,160 | 190,572 | ||
United States Treasury Note/Bond | 0.500% | 2/28/26 | 155,915 | 154,502 | ||
United States Treasury Note/Bond | 2.500% | 2/28/26 | 425 | 459 | ||
United States Treasury Note/Bond | 0.750% | 3/31/26 | 67,880 | 67,975 | ||
United States Treasury Note/Bond | 2.250% | 3/31/26 | 108,025 | 115,485 | ||
United States Treasury Note/Bond | 0.750% | 4/30/26 | 102,260 | 102,356 | ||
United States Treasury Note/Bond | 2.375% | 4/30/26 | 76,425 | 82,217 | ||
United States Treasury Note/Bond | 1.625% | 5/15/26 | 172,895 | 179,973 | ||
United States Treasury Note/Bond | 0.750% | 5/31/26 | 118,560 | 118,597 | ||
United States Treasury Note/Bond | 2.125% | 5/31/26 | 54,973 | 58,529 | ||
United States Treasury Note/Bond | 0.875% | 6/30/26 | 92,710 | 93,217 | ||
United States Treasury Note/Bond | 1.875% | 6/30/26 | 66,300 | 69,822 | ||
United States Treasury Note/Bond | 0.625% | 7/31/26 | 60,165 | 59,751 | ||
United States Treasury Note/Bond | 1.875% | 7/31/26 | 121,485 | 128,015 | ||
United States Treasury Note/Bond | 1.500% | 8/15/26 | 196,842 | 203,762 | ||
United States Treasury Note/Bond | 6.750% | 8/15/26 | 5,954 | 7,681 | ||
United States Treasury Note/Bond | 0.750% | 8/31/26 | 129,405 | 129,243 | ||
United States Treasury Note/Bond | 1.375% | 8/31/26 | 21,910 | 22,554 | ||
United States Treasury Note/Bond | 1.625% | 9/30/26 | 50,249 | 52,337 | ||
United States Treasury Note/Bond | 1.625% | 10/31/26 | 109,820 | 114,402 | ||
United States Treasury Note/Bond | 2.000% | 11/15/26 | 200,245 | 212,447 | ||
United States Treasury Note/Bond | 6.500% | 11/15/26 | 8,000 | 10,317 | ||
United States Treasury Note/Bond | 1.625% | 11/30/26 | 69,290 | 72,181 | ||
United States Treasury Note/Bond | 1.750% | 12/31/26 | 48,860 | 51,211 | ||
United States Treasury Note/Bond | 1.500% | 1/31/27 | 77,715 | 80,435 | ||
United States Treasury Note/Bond | 2.250% | 2/15/27 | 178,442 | 191,798 | ||
United States Treasury Note/Bond | 6.625% | 2/15/27 | 3,015 | 3,943 | ||
United States Treasury Note/Bond | 1.125% | 2/28/27 | 35,329 | 35,848 | ||
United States Treasury Note/Bond | 0.625% | 3/31/27 | 93,820 | 92,603 | ||
United States Treasury Note/Bond | 0.500% | 4/30/27 | 100,935 | 98,790 | ||
United States Treasury Note/Bond | 2.375% | 5/15/27 | 196,945 | 213,254 | ||
United States Treasury Note/Bond | 0.500% | 5/31/27 | 103,895 | 101,557 | ||
United States Treasury Note/Bond | 0.500% | 6/30/27 | 100,435 | 98,097 | ||
United States Treasury Note/Bond | 0.375% | 7/31/27 | 122,315 | 118,493 | ||
United States Treasury Note/Bond | 2.250% | 8/15/27 | 170,184 | 183,267 | ||
United States Treasury Note/Bond | 6.375% | 8/15/27 | 3,000 | 3,951 | ||
United States Treasury Note/Bond | 0.500% | 8/31/27 | 143,800 | 140,160 | ||
United States Treasury Note/Bond | 0.375% | 9/30/27 | 135,340 | 130,730 | ||
United States Treasury Note/Bond | 0.500% | 10/31/27 | 96,855 | 94,161 | ||
United States Treasury Note/Bond | 2.250% | 11/15/27 | 166,950 | 179,941 | ||
United States Treasury Note/Bond | 6.125% | 11/15/27 | 11,800 | 15,476 | ||
United States Treasury Note/Bond | 0.625% | 11/30/27 | 141,195 | 138,173 | ||
United States Treasury Note/Bond | 0.625% | 12/31/27 | 100,917 | 98,646 | ||
United States Treasury Note/Bond | 0.750% | 1/31/28 | 143,990 | 141,695 | ||
United States Treasury Note/Bond | 2.750% | 2/15/28 | 115,665 | 128,370 | ||
United States Treasury Note/Bond | 1.125% | 2/29/28 | 164,510 | 165,718 | ||
United States Treasury Note/Bond | 1.250% | 3/31/28 | 114,610 | 116,240 | ||
United States Treasury Note/Bond | 1.250% | 4/30/28 | 115,748 | 117,340 | ||
United States Treasury Note/Bond | 2.875% | 5/15/28 | 135,212 | 151,395 | ||
United States Treasury Note/Bond | 1.250% | 5/31/28 | 148,105 | 150,049 | ||
United States Treasury Note/Bond | 1.250% | 6/30/28 | 111,885 | 113,266 | ||
United States Treasury Note/Bond | 1.000% | 7/31/28 | 93,220 | 92,754 | ||
United States Treasury Note/Bond | 2.875% | 8/15/28 | 181,113 | 203,101 | ||
United States Treasury Note/Bond | 5.500% | 8/15/28 | 24,837 | 32,257 | ||
United States Treasury Note/Bond | 1.125% | 8/31/28 | 138,830 | 139,220 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 3.125% | 11/15/28 | 184,283 | 210,313 | ||
United States Treasury Note/Bond | 5.250% | 11/15/28 | 27,450 | 35,402 | ||
United States Treasury Note/Bond | 2.625% | 2/15/29 | 187,250 | 207,438 | ||
United States Treasury Note/Bond | 5.250% | 2/15/29 | 33,007 | 42,775 | ||
United States Treasury Note/Bond | 2.375% | 5/15/29 | 184,499 | 201,277 | ||
United States Treasury Note/Bond | 1.625% | 8/15/29 | 168,958 | 174,951 | ||
United States Treasury Note/Bond | 6.125% | 8/15/29 | 17,520 | 24,191 | ||
United States Treasury Note/Bond | 1.750% | 11/15/29 | 140,905 | 147,290 | ||
United States Treasury Note/Bond | 1.500% | 2/15/30 | 172,088 | 176,175 | ||
United States Treasury Note/Bond | 0.625% | 5/15/30 | 249,590 | 237,072 | ||
United States Treasury Note/Bond | 6.250% | 5/15/30 | 5,000 | 7,095 | ||
United States Treasury Note/Bond | 0.625% | 8/15/30 | 286,195 | 271,125 | ||
United States Treasury Note/Bond | 0.875% | 11/15/30 | 292,510 | 282,729 | ||
United States Treasury Note/Bond | 1.125% | 2/15/31 | 304,555 | 300,510 | ||
United States Treasury Note/Bond | 1.625% | 5/15/31 | 260,255 | 268,307 | ||
United States Treasury Note/Bond | 1.250% | 8/15/31 | 110,355 | 109,786 | ||
Total U.S. Government and Agency Obligations (Cost $12,315,996) | 12,482,104 | |||||
Shares | ||||||
Temporary Cash Investments (0.4%) | ||||||
Money Market Fund (0.4%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $43,852) | 0.068% | 438,521 | 43,852 | ||
Total Investments (100.1%) (Cost $12,359,848) | 12,525,956 | |||||
Other Assets and Liabilities—Net (-0.1%) | (7,837) | |||||
Net Assets (100%) | 12,518,119 |
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 | |
Unaffiliated Issuers (Cost $12,315,996) | 12,482,104 |
Affiliated Issuers (Cost $43,852) | 43,852 |
Total Investments in Securities | 12,525,956 |
Investment in Vanguard | 416 |
Receivables for Investment Securities Sold | 335,340 |
Receivables for Accrued Income | 36,176 |
Receivables for Capital Shares Issued | 3,230 |
Total Assets | 12,901,118 |
Liabilities | |
Due to Custodian | 56 |
Payables for Investment Securities Purchased | 378,279 |
Payables for Capital Shares Redeemed | 4,020 |
Payables for Distributions | 521 |
Payables to Vanguard | 123 |
Total Liabilities | 382,999 |
Net Assets | 12,518,119 |
Statement of Assets and Liabilities (continued) | |
At August 31, 2021, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 12,278,490 |
Total Distributable Earnings (Loss) | 239,629 |
Net Assets | 12,518,119 |
ETF Shares—Net Assets | |
Applicable to 119,330,194 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 8,146,973 |
Net Asset Value Per Share—ETF Shares | $68.27 |
Admiral Shares—Net Assets | |
Applicable to 114,823,256 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,645,889 |
Net Asset Value Per Share—Admiral Shares | $23.04 |
Institutional Shares—Net Assets | |
Applicable to 60,331,903 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,725,257 |
Net Asset Value Per Share—Institutional Shares | $28.60 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 140,644 |
Total Income | 140,644 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 269 |
Management and Administrative—ETF Shares | 2,025 |
Management and Administrative—Admiral Shares | 1,657 |
Management and Administrative—Institutional Shares | 731 |
Marketing and Distribution—ETF Shares | 318 |
Marketing and Distribution—Admiral Shares | 122 |
Marketing and Distribution—Institutional Shares | 52 |
Custodian Fees | 22 |
Auditing Fees | 54 |
Shareholders’ Reports—ETF Shares | 198 |
Shareholders’ Reports—Admiral Shares | 19 |
Shareholders’ Reports—Institutional Shares | 2 |
Trustees’ Fees and Expenses | 4 |
Total Expenses | 5,473 |
Net Investment Income | 135,171 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | 147,291 |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (417,388) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (134,926) |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $14,000, $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $53,230,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 135,171 | 160,120 |
Realized Net Gain (Loss) | 147,291 | 166,294 |
Change in Unrealized Appreciation (Depreciation) | (417,388) | 244,806 |
Net Increase (Decrease) in Net Assets Resulting from Operations | (134,926) | 571,220 |
Distributions | ||
ETF Shares | (132,684) | (96,073) |
Admiral Shares | (49,704) | (39,783) |
Institutional Shares | (31,298) | (24,641) |
Total Distributions | (213,686) | (160,497) |
Capital Share Transactions | ||
ETF Shares | 1,812,764 | 1,955,597 |
Admiral Shares | (8,693) | 750,787 |
Institutional Shares | 217,704 | 305,818 |
Net Increase (Decrease) from Capital Share Transactions | 2,021,775 | 3,012,202 |
Total Increase (Decrease) | 1,673,163 | 3,422,925 |
Net Assets | ||
Beginning of Period | 10,844,956 | 7,422,031 |
End of Period | 12,518,119 | 10,844,956 |
ETF Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $70.46 | $67.26 | $62.67 | $65.29 | $66.54 |
Investment Operations | |||||
Net Investment Income1 | .809 | 1.239 | 1.515 | 1.250 | 1.043 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.692) | 3.248 | 4.552 | (2.691) | (1.201) |
Total from Investment Operations | (.883) | 4.487 | 6.067 | (1.441) | (.158) |
Distributions | |||||
Dividends from Net Investment Income | (.820) | (1.287) | (1.477) | (1.179) | (1.011) |
Distributions from Realized Capital Gains | (.487) | — | — | — | (.081) |
Total Distributions | (1.307) | (1.287) | (1.477) | (1.179) | (1.092) |
Net Asset Value, End of Period | $68.27 | $70.46 | $67.26 | $62.67 | $65.29 |
Total Return | -1.26% | 6.76% | 9.84% | -2.21% | -0.21% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $8,147 | $6,547 | $4,353 | $2,680 | $1,329 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.05% | 0.05% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.18% | 1.80% | 2.36% | 1.97% | 1.61% |
Portfolio Turnover Rate2 | 33% | 28% | 29% | 31% | 32% |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $23.78 | $22.68 | $21.13 | $22.03 | $22.45 |
Investment Operations | |||||
Net Investment Income1 | .267 | .416 | .507 | .418 | .351 |
Net Realized and Unrealized Gain (Loss) on Investments | (.577) | 1.101 | 1.540 | (.911) | (.400) |
Total from Investment Operations | (.310) | 1.517 | 2.047 | (.493) | (.049) |
Distributions | |||||
Dividends from Net Investment Income | (.265) | (.417) | (.497) | (.407) | (.344) |
Distributions from Realized Capital Gains | (.165) | — | — | — | (.027) |
Total Distributions | (.430) | (.417) | (.497) | (.407) | (.371) |
Net Asset Value, End of Period | $23.04 | $23.78 | $22.68 | $21.13 | $22.03 |
Total Return2 | -1.31% | 6.76% | 9.83% | -2.24% | -0.19% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $2,646 | $2,740 | $1,887 | $1,104 | $874 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.15% | 1.79% | 2.34% | 1.97% | 1.61% |
Portfolio Turnover Rate3 | 33% | 28% | 29% | 31% | 32% |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $29.51 | $28.15 | $26.23 | $27.33 | $27.86 |
Investment Operations | |||||
Net Investment Income1 | .337 | .527 | .634 | .524 | .441 |
Net Realized and Unrealized Gain (Loss) on Investments | (.709) | 1.355 | 1.908 | (1.114) | (.507) |
Total from Investment Operations | (.372) | 1.882 | 2.542 | (.590) | (.066) |
Distributions | |||||
Dividends from Net Investment Income | (.334) | (.522) | (.622) | (.510) | (.430) |
Distributions from Realized Capital Gains | (.204) | — | — | — | (.034) |
Total Distributions | (.538) | (.522) | (.622) | (.510) | (.464) |
Net Asset Value, End of Period | $28.60 | $29.51 | $28.15 | $26.23 | $27.33 |
Total Return | -1.26% | 6.76% | 9.83% | -2.16% | -0.21% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $1,725 | $1,558 | $1,183 | $390 | $336 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 1.17% | 1.83% | 2.36% | 1.99% | 1.63% |
Portfolio Turnover Rate2 | 33% | 28% | 29% | 31% | 32% |
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 | — | 12,482,104 | — | 12,482,104 |
Temporary Cash Investments | 43,852 | — | — | 43,852 |
Total | 43,852 | 12,482,104 | — | 12,525,956 |
D. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for in-kind redemptions and distributions in connection with fund share redemptions were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 60,130 |
Total Distributable Earnings (Loss) | (60,130) |
Amount ($000) | |
Undistributed Ordinary Income | 8,366 |
Undistributed Long-Term Gains | 74,298 |
Capital Loss Carryforwards | — |
Qualified Late-Year Losses | (6,040) |
Net Unrealized Gains (Losses) | 163,526 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 157,013 | 160,497 |
Long-Term Capital Gains | 56,673 | — |
Total | 213,686 | 160,497 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 12,362,430 |
Gross Unrealized Appreciation | 264,066 |
Gross Unrealized Depreciation | (100,540) |
Net Unrealized Appreciation (Depreciation) | 163,526 |
E. | During the year ended August 31, 2021, the fund purchased $6,750,537,000 of investment securities and sold $4,750,333,000 of investment securities, other than temporary cash investments. Purchases and sales include $2,713,996,000 and $925,842,000, 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: |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 2,747,217 | 39,988 | 3,000,182 | 43,309 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (934,453) | (13,575) | (1,044,585) | (15,100) | |
Net Increase (Decrease)—ETF Shares | 1,812,764 | 26,413 | 1,955,597 | 28,209 |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Admiral Shares | |||||
Issued | 1,271,727 | 54,762 | 1,763,881 | 75,468 | |
Issued in Lieu of Cash Distributions | 42,708 | 1,834 | 33,570 | 1,450 | |
Redeemed | (1,323,128) | (57,010) | (1,046,664) | (44,861) | |
Net Increase (Decrease)—Admiral Shares | (8,693) | (414) | 750,787 | 32,057 | |
Institutional Shares | |||||
Issued | 551,440 | 19,124 | 637,472 | 22,246 | |
Issued in Lieu of Cash Distributions | 27,778 | 961 | 20,929 | 729 | |
Redeemed | (361,514) | (12,570) | (352,583) | (12,178) | |
Net Increase (Decrease)—Institutional Shares | 217,704 | 7,515 | 305,818 | 10,797 |
G. | Management has determined that no events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Long-Term Treasury Index Fund ETF Shares Net Asset Value | -6.73% | 3.57% | 5.61% | $17,260 | |
Long-Term Treasury Index Fund ETF Shares Market Price | -6.77 | 3.56 | 5.61 | 17,256 | |
Spliced Bloomberg U.S. Long Treasury Index | -7.27 | 3.62 | 5.66 | 17,349 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 13,728 |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Long-Term Treasury Index Fund Admiral Shares | -6.78% | 3.55% | 5.60% | $17,241 | |
Spliced Bloomberg U.S. Long Treasury Index | -7.27 | 3.62 | 5.66 | 17,349 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 13,728 |
One Year | Five Years | Ten Years | Final Value of a $5,000,000 Investment | ||
Long-Term Treasury Index Fund Institutional Shares | -6.77% | 3.57% | 5.63% | $8,646,349 | |
Spliced Bloomberg U.S. Long Treasury Index | -7.27 | 3.62 | 5.66 | 8,674,364 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 6,863,983 |
Cumulative Returns of ETF Shares: August 31, 2011, Through August 31, 2021 | |||
One Year | Five Years | Ten Years | |
Long-Term Treasury Index Fund ETF Shares Market Price | -6.77% | 19.10% | 72.56% |
Long-Term Treasury Index Fund ETF Shares Net Asset Value | -6.73 | 19.17 | 72.60 |
Spliced Bloomberg U.S. Long Treasury Index | -7.27 | 19.46 | 73.49 |
5 - 10 Years | 0.1% |
10 - 15 Years | 0.6 |
15 - 20 Years | 24.5 |
20 - 25 Years | 27.1 |
Over 25 Years | 47.7 |
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 | 3,047 | 4,324 | ||
United States Treasury Note/Bond | 4.500% | 2/15/36 | 28,132 | 39,314 | ||
United States Treasury Note/Bond | 4.750% | 2/15/37 | 6,705 | 9,696 | ||
United States Treasury Note/Bond | 5.000% | 5/15/37 | 14,261 | 21,175 | ||
United States Treasury Note/Bond | 4.375% | 2/15/38 | 14,620 | 20,539 | ||
United States Treasury Note/Bond | 4.500% | 5/15/38 | 18,666 | 26,625 | ||
United States Treasury Note/Bond | 3.500% | 2/15/39 | 45,330 | 58,015 | ||
United States Treasury Note/Bond | 4.250% | 5/15/39 | 29,037 | 40,625 | ||
United States Treasury Note/Bond | 4.500% | 8/15/39 | 27,009 | 38,918 | ||
United States Treasury Note/Bond | 4.375% | 11/15/39 | 52,529 | 74,714 | ||
United States Treasury Note/Bond | 4.625% | 2/15/40 | 45,414 | 66,631 | ||
United States Treasury Note/Bond | 1.125% | 5/15/40 | 156,425 | 139,389 | ||
United States Treasury Note/Bond | 4.375% | 5/15/40 | 36,087 | 51,548 | ||
United States Treasury Note/Bond | 1.125% | 8/15/40 | 180,180 | 159,994 | ||
United States Treasury Note/Bond | 3.875% | 8/15/40 | 39,227 | 52,822 | ||
United States Treasury Note/Bond | 1.375% | 11/15/40 | 181,878 | 168,408 | ||
United States Treasury Note/Bond | 4.250% | 11/15/40 | 35,466 | 50,057 | ||
United States Treasury Note/Bond | 1.875% | 2/15/41 | 201,231 | 202,835 | ||
United States Treasury Note/Bond | 4.750% | 2/15/41 | 37,244 | 55,924 | ||
United States Treasury Note/Bond | 2.250% | 5/15/41 | 150,357 | 160,905 | ||
United States Treasury Note/Bond | 4.375% | 5/15/41 | 36,433 | 52,379 | ||
United States Treasury Note/Bond | 1.750% | 8/15/41 | 39,180 | 38,568 | ||
United States Treasury Note/Bond | 3.750% | 8/15/41 | 44,212 | 58,850 | ||
United States Treasury Note/Bond | 3.125% | 11/15/41 | 43,579 | 53,296 | ||
United States Treasury Note/Bond | 3.125% | 2/15/42 | 45,134 | 55,303 | ||
United States Treasury Note/Bond | 3.000% | 5/15/42 | 45,241 | 54,360 | ||
United States Treasury Note/Bond | 2.750% | 8/15/42 | 53,273 | 61,630 | ||
United States Treasury Note/Bond | 2.750% | 11/15/42 | 77,677 | 89,862 | ||
United States Treasury Note/Bond | 3.125% | 2/15/43 | 64,524 | 79,053 | ||
United States Treasury Note/Bond | 2.875% | 5/15/43 | 107,627 | 127,067 | ||
United States Treasury Note/Bond | 3.625% | 8/15/43 | 77,464 | 102,228 | ||
United States Treasury Note/Bond | 3.750% | 11/15/43 | 79,666 | 107,188 | ||
United States Treasury Note/Bond | 3.625% | 2/15/44 | 83,405 | 110,511 | ||
United States Treasury Note/Bond | 3.375% | 5/15/44 | 63,948 | 81,794 | ||
United States Treasury Note/Bond | 3.125% | 8/15/44 | 93,001 | 114,639 | ||
United States Treasury Note/Bond | 3.000% | 11/15/44 | 83,858 | 101,415 | ||
United States Treasury Note/Bond | 2.500% | 2/15/45 | 106,773 | 118,936 | ||
United States Treasury Note/Bond | 3.000% | 5/15/45 | 69,024 | 83,734 | ||
United States Treasury Note/Bond | 2.875% | 8/15/45 | 74,877 | 89,069 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 3.000% | 11/15/45 | 33,736 | 41,042 | ||
United States Treasury Note/Bond | 2.500% | 2/15/46 | 87,340 | 97,548 | ||
United States Treasury Note/Bond | 2.500% | 5/15/46 | 18,195 | 20,336 | ||
United States Treasury Note/Bond | 2.250% | 8/15/46 | 114,514 | 122,243 | ||
United States Treasury Note/Bond | 2.875% | 11/15/46 | 74,759 | 89,418 | ||
United States Treasury Note/Bond | 3.000% | 2/15/47 | 92,086 | 112,690 | ||
United States Treasury Note/Bond | 3.000% | 5/15/47 | 78,997 | 96,821 | ||
United States Treasury Note/Bond | 2.750% | 8/15/47 | 48,180 | 56,521 | ||
United States Treasury Note/Bond | 2.750% | 11/15/47 | 109,470 | 128,507 | ||
United States Treasury Note/Bond | 3.000% | 2/15/48 | 114,822 | 141,033 | ||
United States Treasury Note/Bond | 3.125% | 5/15/48 | 127,127 | 159,783 | ||
United States Treasury Note/Bond | 3.000% | 8/15/48 | 130,557 | 160,707 | ||
United States Treasury Note/Bond | 3.375% | 11/15/48 | 136,652 | 179,719 | ||
United States Treasury Note/Bond | 3.000% | 2/15/49 | 143,640 | 177,328 | ||
United States Treasury Note/Bond | 2.875% | 5/15/49 | 146,389 | 176,879 | ||
United States Treasury Note/Bond | 2.250% | 8/15/49 | 151,950 | 162,753 | ||
United States Treasury Note/Bond | 2.375% | 11/15/49 | 154,226 | 169,745 | ||
United States Treasury Note/Bond | 2.000% | 2/15/50 | 179,277 | 182,247 | ||
United States Treasury Note/Bond | 1.250% | 5/15/50 | 184,763 | 156,760 | ||
United States Treasury Note/Bond | 1.375% | 8/15/50 | 227,303 | 198,961 | ||
United States Treasury Note/Bond | 1.625% | 11/15/50 | 226,199 | 210,612 | ||
United States Treasury Note/Bond | 1.875% | 2/15/51 | 211,537 | 208,992 | ||
United States Treasury Note/Bond | 2.375% | 5/15/51 | 166,987 | 184,442 | ||
United States Treasury Note/Bond | 2.000% | 8/15/51 | 67,085 | 68,291 | ||
Total U.S. Government and Agency Obligations (Cost $6,313,730) | 6,325,718 | |||||
Shares | ||||||
Temporary Cash Investments (0.6%) | ||||||
Money Market Fund (0.6%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $37,739) | 0.068% | 377,383 | 37,739 | ||
Total Investments (100.2%) (Cost $6,351,469) | 6,363,457 | |||||
Other Assets and Liabilities—Net (-0.2%) | (13,131) | |||||
Net Assets (100%) | 6,350,326 |
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 | |
Unaffiliated Issuers (Cost $6,313,730) | 6,325,718 |
Affiliated Issuers (Cost $37,739) | 37,739 |
Total Investments in Securities | 6,363,457 |
Investment in Vanguard | 214 |
Cash | 44 |
Receivables for Investment Securities Sold | 71,091 |
Receivables for Accrued Income | 24,513 |
Receivables for Capital Shares Issued | 3,915 |
Total Assets | 6,463,234 |
Liabilities | |
Payables for Investment Securities Purchased | 107,009 |
Payables for Capital Shares Redeemed | 4,495 |
Payables for Distributions | 1,298 |
Payables to Vanguard | 106 |
Total Liabilities | 112,908 |
Net Assets | 6,350,326 |
Statement of Assets and Liabilities (continued) | |
At August 31, 2021, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 6,399,314 |
Total Distributable Earnings (Loss) | (48,988) |
Net Assets | 6,350,326 |
ETF Shares—Net Assets | |
Applicable to 26,180,783 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,365,860 |
Net Asset Value Per Share—ETF Shares | $90.37 |
Admiral Shares—Net Assets | |
Applicable to 64,129,505 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,946,518 |
Net Asset Value Per Share—Admiral Shares | $30.35 |
Institutional Shares—Net Assets | |
Applicable to 52,899,626 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,037,948 |
Net Asset Value Per Share—Institutional Shares | $38.52 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 107,923 |
Total Income | 107,923 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 136 |
Management and Administrative—ETF Shares | 681 |
Management and Administrative—Admiral Shares | 1,136 |
Management and Administrative—Institutional Shares | 719 |
Marketing and Distribution—ETF Shares | 103 |
Marketing and Distribution—Admiral Shares | 85 |
Marketing and Distribution—Institutional Shares | 49 |
Custodian Fees | 13 |
Auditing Fees | 54 |
Shareholders’ Reports—ETF Shares | 88 |
Shareholders’ Reports—Admiral Shares | 19 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 2 |
Total Expenses | 3,085 |
Net Investment Income | 104,838 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 77,816 |
Futures Contracts | 19 |
Realized Net Gain (Loss) | 77,835 |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (562,635) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (379,962) |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $8,000, less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $134,931,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 104,838 | 87,335 |
Realized Net Gain (Loss) | 77,835 | 304,942 |
Change in Unrealized Appreciation (Depreciation) | (562,635) | 134,898 |
Net Increase (Decrease) in Net Assets Resulting from Operations | (379,962) | 527,175 |
Distributions | ||
ETF Shares | (47,982) | (36,292) |
Admiral Shares | (38,865) | (27,918) |
Institutional Shares | (35,145) | (22,455) |
Total Distributions | (121,992) | (86,665) |
Capital Share Transactions | ||
ETF Shares | 441,919 | 646,509 |
Admiral Shares | 316,183 | 618,945 |
Institutional Shares | 922,191 | 77,643 |
Net Increase (Decrease) from Capital Share Transactions | 1,680,293 | 1,343,097 |
Total Increase (Decrease) | 1,178,339 | 1,783,607 |
Net Assets | ||
Beginning of Period | 5,171,987 | 3,388,380 |
End of Period | 6,350,326 | 5,171,987 |
ETF Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $98.93 | $90.17 | $74.33 | $78.76 | $85.64 |
Investment Operations | |||||
Net Investment Income1 | 1.645 | 1.915 | 2.115 | 2.050 | 2.006 |
Net Realized and Unrealized Gain (Loss) on Investments | (8.289) | 8.772 | 15.798 | (4.469) | (6.905) |
Total from Investment Operations | (6.644) | 10.687 | 17.913 | (2.419) | (4.899) |
Distributions | |||||
Dividends from Net Investment Income | (1.625) | (1.927) | (2.073) | (2.011) | (1.981) |
Distributions from Realized Capital Gains | (.291) | — | — | — | — |
Total Distributions | (1.916) | (1.927) | (2.073) | (2.011) | (1.981) |
Net Asset Value, End of Period | $90.37 | $98.93 | $90.17 | $74.33 | $78.76 |
Total Return | -6.73% | 12.02% | 24.69% | -3.07% | -5.63% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $2,366 | $2,138 | $1,282 | $676 | $549 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.05% | 0.05% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.81% | 2.03% | 2.75% | 2.73% | 2.62% |
Portfolio Turnover Rate2 | 22% | 29% | 16% | 19% | 19% |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $33.24 | $30.28 | $24.95 | $26.44 | $28.75 |
Investment Operations | |||||
Net Investment Income1 | .545 | .637 | .706 | .690 | .676 |
Net Realized and Unrealized Gain (Loss) on Investments | (2.799) | 2.955 | 5.316 | (1.501) | (2.319) |
Total from Investment Operations | (2.254) | 3.592 | 6.022 | (.811) | (1.643) |
Distributions | |||||
Dividends from Net Investment Income | (.538) | (.632) | (.692) | (.679) | (.667) |
Distributions from Realized Capital Gains | (.098) | — | — | — | — |
Total Distributions | (.636) | (.632) | (.692) | (.679) | (.667) |
Net Asset Value, End of Period | $30.35 | $33.24 | $30.28 | $24.95 | $26.44 |
Total Return2 | -6.78% | 12.00% | 24.67% | -3.06% | -5.62% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $1,947 | $1,800 | $1,053 | $559 | $468 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.79% | 2.01% | 2.73% | 2.73% | 2.62% |
Portfolio Turnover Rate3 | 22% | 29% | 16% | 19% | 19% |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $42.19 | $38.43 | $31.66 | $33.56 | $36.49 |
Investment Operations | |||||
Net Investment Income1 | .699 | .822 | .902 | .883 | .865 |
Net Realized and Unrealized Gain (Loss) on Investments | (3.554) | 3.748 | 6.753 | (1.915) | (2.942) |
Total from Investment Operations | (2.855) | 4.570 | 7.655 | (1.032) | (2.077) |
Distributions | |||||
Dividends from Net Investment Income | (.691) | (.810) | (.885) | (.868) | (.853) |
Distributions from Realized Capital Gains | (.124) | — | — | — | — |
Total Distributions | (.815) | (.810) | (.885) | (.868) | (.853) |
Net Asset Value, End of Period | $38.52 | $42.19 | $38.43 | $31.66 | $33.56 |
Total Return | -6.77% | 12.03% | 24.71% | -3.07% | -5.60% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $2,038 | $1,234 | $1,054 | $452 | $213 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 1.82% | 2.06% | 2.75% | 2.75% | 2.64% |
Portfolio Turnover Rate2 | 22% | 29% | 16% | 19% | 19% |
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 | — | 6,325,718 | — | 6,325,718 |
Temporary Cash Investments | 37,739 | — | — | 37,739 |
Total | 37,739 | 6,325,718 | — | 6,363,457 |
D. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These |
Amount ($000) | |
Paid-in Capital | 132,894 |
Total Distributable Earnings (Loss) | (132,894) |
Amount ($000) | |
Undistributed Ordinary Income | 5,095 |
Undistributed Long-Term Gains | — |
Capital Loss Carryforwards | — |
Qualified Late-Year Losses | (51,145) |
Net Unrealized Gains (Losses) | (1,640) |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 112,376 | 86,665 |
Long-Term Capital Gains | 9,616 | — |
Total | 121,992 | 86,665 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 6,365,097 |
Gross Unrealized Appreciation | 242,672 |
Gross Unrealized Depreciation | (244,312) |
Net Unrealized Appreciation (Depreciation) | (1,640) |
E. | During the year ended August 31, 2021, the fund purchased $4,305,708,000 of investment securities and sold $2,622,598,000 of investment securities, other than temporary cash investments. Purchases and sales include $1,785,949,000 and $1,368,607,000, 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: |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,825,922 | 19,897 | 1,915,555 | 20,470 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,384,003) | (15,325) | (1,269,046) | (13,075) | |
Net Increase (Decrease)—ETF Shares | 441,919 | 4,572 | 646,509 | 7,395 | |
Admiral Shares | |||||
Issued | 1,358,427 | 44,281 | 1,763,454 | 55,020 | |
Issued in Lieu of Cash Distributions | 32,758 | 1,071 | 23,977 | 756 | |
Redeemed | (1,075,002) | (35,381) | (1,168,486) | (36,399) | |
Net Increase (Decrease)—Admiral Shares | 316,183 | 9,971 | 618,945 | 19,377 | |
Institutional Shares | |||||
Issued | 1,174,115 | 30,064 | 389,224 | 9,567 | |
Issued in Lieu of Cash Distributions | 34,906 | 905 | 22,432 | 562 | |
Redeemed | (286,830) | (7,322) | (334,013) | (8,292) | |
Net Increase (Decrease)—Institutional Shares | 922,191 | 23,647 | 77,643 | 1,837 |
G. | Management has determined that no events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Short-Term Corporate Bond Index Fund ETF Shares Net Asset Value | 1.44% | 2.96% | 2.86% | $13,257 | |
Short-Term Corporate Bond Index Fund ETF Shares Market Price | 1.30 | 2.91 | 2.80 | 13,184 | |
Bloomberg U.S. 1–5 Year Corporate Bond Index | 1.41 | 3.08 | 2.99 | 13,432 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 13,728 |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Short-Term Corporate Bond Index Fund Admiral Shares | 1.44% | 2.95% | 2.86% | $13,251 | |
Bloomberg U.S. 1–5 Year Corporate Bond Index | 1.41 | 3.08 | 2.99 | 13,432 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 13,728 |
One Year | Five Years | Ten Years | Final Value of a $5,000,000 Investment | ||
Short-Term Corporate Bond Index Fund Institutional Shares | 1.44% | 2.96% | 2.88% | $6,640,106 | |
Bloomberg U.S. 1–5 Year Corporate Bond Index | 1.41 | 3.08 | 2.99 | 6,715,842 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 6,863,983 |
Cumulative Returns of ETF Shares: August 31, 2011, Through August 31, 2021 | |||
One Year | Five Years | Ten Years | |
Short-Term Corporate Bond Index Fund ETF Shares Market Price | 1.30% | 15.45% | 31.84% |
Short-Term Corporate Bond Index Fund ETF Shares Net Asset Value | 1.44 | 15.68 | 32.57 |
Bloomberg U.S. 1–5 Year Corporate Bond Index | 1.41 | 16.39 | 34.32 |
Corporate Bonds – Communications | 4.6% |
Corporate Bonds – Consumer Discretionary | 6.5 |
Corporate Bonds – Consumer Staples | 5.2 |
Corporate Bonds – Energy | 7.4 |
Corporate Bonds – Financials | 40.7 |
Corporate Bonds – Health Care | 9.1 |
Corporate Bonds – Industrials | 6.7 |
Corporate Bonds – Materials | 2.0 |
Corporate Bonds – Real Estate | 3.5 |
Corporate Bonds – Technology | 9.2 |
Corporate Bonds – Utilities | 5.0 |
U.S. Government and Agency Obligations | 0.1 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (0.0%) | ||||||
U.S. Government Securities (0.0%) | ||||||
United States Treasury Note/Bond (Cost $25,498) | 0.750% | 8/31/26 | 25,530 | 25,498 | ||
Corporate Bonds (99.2%) | ||||||
Communications (4.6%) | ||||||
Alphabet Inc. | 3.375% | 2/25/24 | 18,328 | 19,689 | ||
Alphabet Inc. | 0.450% | 8/15/25 | 16,252 | 16,100 | ||
Alphabet Inc. | 1.998% | 8/15/26 | 42,653 | 44,844 | ||
AT&T Inc. | 2.625% | 12/1/22 | 21,227 | 21,717 | ||
AT&T Inc. | 4.050% | 12/15/23 | 9,987 | 10,783 | ||
AT&T Inc. | 3.800% | 3/1/24 | 150 | 161 | ||
AT&T Inc. | 0.900% | 3/25/24 | 46,175 | 46,270 | ||
AT&T Inc. | 4.450% | 4/1/24 | 13,831 | 15,049 | ||
AT&T Inc. | 3.950% | 1/15/25 | 16,042 | 17,659 | ||
AT&T Inc. | 3.400% | 5/15/25 | 49,292 | 53,515 | ||
AT&T Inc. | 3.600% | 7/15/25 | 28,620 | 31,300 | ||
AT&T Inc. | 4.125% | 2/17/26 | 42,525 | 47,622 | ||
AT&T Inc. | 1.700% | 3/25/26 | 63,783 | 64,633 | ||
AT&T Inc. | 2.950% | 7/15/26 | 400 | 431 | ||
Baidu Inc. | 2.875% | 7/6/22 | 6,000 | 6,107 | ||
Baidu Inc. | 3.500% | 11/28/22 | 10,648 | 11,008 | ||
Baidu Inc. | 3.875% | 9/29/23 | 19,179 | 20,333 | ||
Baidu Inc. | 4.375% | 5/14/24 | 22,238 | 24,193 | ||
Baidu Inc. | 3.075% | 4/7/25 | 17,829 | 18,878 | ||
Baidu Inc. | 4.125% | 6/30/25 | 6,910 | 7,617 | ||
Baidu Inc. | 1.720% | 4/9/26 | 6,343 | 6,416 | ||
1 | Bell Telephone Co. of Canada or Bell Canada | 0.750% | 3/17/24 | 1,024 | 1,028 | |
Booking Holdings Inc. | 2.750% | 3/15/23 | 17,544 | 18,168 | ||
Booking Holdings Inc. | 3.650% | 3/15/25 | �� 9,864 | 10,735 | ||
Booking Holdings Inc. | 3.600% | 6/1/26 | 20,209 | 22,386 | ||
British Telecommunications plc | 4.500% | 12/4/23 | 14,551 | 15,748 | ||
1 | Charter Communications Operating LLC | 4.500% | 2/1/24 | 31,367 | 34,053 | |
Charter Communications Operating LLC | 4.908% | 7/23/25 | 101,180 | 114,574 | ||
2 | Comcast Cable Communications Holdings Inc. | 9.455% | 11/15/22 | 26,542 | 29,478 | |
Comcast Corp. | 3.600% | 3/1/24 | 24,692 | 26,578 | ||
Comcast Corp. | 3.700% | 4/15/24 | 56,502 | 61,005 | ||
Comcast Corp. | 3.375% | 2/15/25 | 22,905 | 24,768 | ||
Comcast Corp. | 3.100% | 4/1/25 | 24,127 | 25,935 | ||
Comcast Corp. | 3.375% | 8/15/25 | 28,865 | 31,429 | ||
Comcast Corp. | 3.950% | 10/15/25 | 61,313 | 68,381 | ||
Comcast Corp. | 3.150% | 3/1/26 | 39,747 | 43,207 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Discovery Communications LLC | 2.950% | 3/20/23 | 22,136 | 22,924 | ||
Discovery Communications LLC | 3.800% | 3/13/24 | 9,247 | 9,884 | ||
Discovery Communications LLC | 3.900% | 11/15/24 | 17,318 | 18,769 | ||
Discovery Communications LLC | 3.450% | 3/15/25 | 7,897 | 8,474 | ||
Discovery Communications LLC | 3.950% | 6/15/25 | 11,430 | 12,519 | ||
Discovery Communications LLC | 4.900% | 3/11/26 | 14,542 | 16,587 | ||
Electronic Arts Inc. | 4.800% | 3/1/26 | 6,613 | 7,600 | ||
Expedia Group Inc. | 3.600% | 12/15/23 | 11,385 | 12,072 | ||
Expedia Group Inc. | 4.500% | 8/15/24 | 11,003 | 11,987 | ||
Expedia Group Inc. | 5.000% | 2/15/26 | 19,627 | 22,172 | ||
Fox Corp. | 4.030% | 1/25/24 | 29,710 | 32,007 | ||
Fox Corp. | 3.050% | 4/7/25 | 15,267 | 16,321 | ||
Grupo Televisa SAB | 6.625% | 3/18/25 | 7,526 | 8,872 | ||
Grupo Televisa SAB | 4.625% | 1/30/26 | 3,415 | 3,809 | ||
Interpublic Group of Cos. Inc. | 4.200% | 4/15/24 | 4,592 | 4,977 | ||
Omnicom Group Inc. | 3.650% | 11/1/24 | 27,750 | 30,082 | ||
Omnicom Group Inc. | 3.600% | 4/15/26 | 31,000 | 34,281 | ||
Rogers Communications Inc. | 3.000% | 3/15/23 | 9,472 | 9,777 | ||
Rogers Communications Inc. | 4.100% | 10/1/23 | 17,103 | 18,199 | ||
Rogers Communications Inc. | 3.625% | 12/15/25 | 13,798 | 15,146 | ||
TCI Communications Inc. | 7.875% | 2/15/26 | 9,455 | 12,196 | ||
Tencent Music Entertainment Group | 1.375% | 9/3/25 | 6,210 | 6,136 | ||
Thomson Reuters Corp. | 4.300% | 11/23/23 | 11,990 | 12,868 | ||
Thomson Reuters Corp. | 3.350% | 5/15/26 | 11,710 | 12,781 | ||
Time Warner Entertainment Co. LP | 8.375% | 3/15/23 | 22,496 | 25,155 | ||
T-Mobile USA Inc. | 3.500% | 4/15/25 | 76,831 | 83,068 | ||
T-Mobile USA Inc. | 1.500% | 2/15/26 | 18,146 | 18,294 | ||
1 | TWDC Enterprises 18 Corp. | 2.350% | 12/1/22 | 24,466 | 25,095 | |
1 | TWDC Enterprises 18 Corp. | 3.150% | 9/17/25 | 15,425 | 16,764 | |
TWDC Enterprises 18 Corp. | 3.000% | 2/13/26 | 21,397 | 23,162 | ||
1 | TWDC Enterprises 18 Corp. | 1.850% | 7/30/26 | 22,000 | 22,811 | |
Verizon Communications Inc. | 4.150% | 3/15/24 | 1,722 | 1,864 | ||
Verizon Communications Inc. | 0.750% | 3/22/24 | 39,686 | 39,841 | ||
Verizon Communications Inc. | 3.500% | 11/1/24 | 36,879 | 39,855 | ||
Verizon Communications Inc. | 3.376% | 2/15/25 | 57,308 | 62,083 | ||
Verizon Communications Inc. | 0.850% | 11/20/25 | 47,200 | 46,842 | ||
Verizon Communications Inc. | 1.450% | 3/20/26 | 58,600 | 59,394 | ||
Verizon Communications Inc. | 2.625% | 8/15/26 | 48,000 | 51,085 | ||
ViacomCBS Inc. | 3.875% | 4/1/24 | 9,980 | 10,691 | ||
ViacomCBS Inc. | 3.700% | 8/15/24 | 14,241 | 15,332 | ||
ViacomCBS Inc. | 3.500% | 1/15/25 | 17,903 | 19,252 | ||
ViacomCBS Inc. | 4.750% | 5/15/25 | 34,024 | 38,405 | ||
ViacomCBS Inc. | 4.000% | 1/15/26 | 12,922 | 14,323 | ||
Vodafone Group plc | 2.500% | 9/26/22 | 1,285 | 1,314 | ||
Vodafone Group plc | 3.750% | 1/16/24 | 24,316 | 26,192 | ||
Vodafone Group plc | 4.125% | 5/30/25 | 35,761 | 39,821 | ||
Walt Disney Co. | 1.650% | 9/1/22 | 15,359 | 15,576 | ||
Walt Disney Co. | 3.000% | 9/15/22 | 28,234 | 29,025 | ||
Walt Disney Co. | 1.750% | 8/30/24 | 24,794 | 25,659 | ||
Walt Disney Co. | 3.700% | 9/15/24 | 14,656 | 15,904 | ||
Walt Disney Co. | 3.350% | 3/24/25 | 31,218 | 33,922 | ||
Walt Disney Co. | 3.700% | 10/15/25 | 14,583 | 16,099 | ||
Walt Disney Co. | 1.750% | 1/13/26 | 35,429 | 36,590 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Weibo Corp. | 3.500% | 7/5/24 | 17,450 | 18,271 | ||
WPP Finance 2010 | 3.750% | 9/19/24 | 18,105 | 19,682 | ||
2,263,609 | ||||||
Consumer Discretionary (6.5%) | ||||||
Alibaba Group Holding Ltd. | 2.800% | 6/6/23 | 11,326 | 11,744 | ||
Alibaba Group Holding Ltd. | 3.600% | 11/28/24 | 50,893 | 54,861 | ||
Amazon.com Inc. | 2.500% | 11/29/22 | 31,135 | 31,830 | ||
Amazon.com Inc. | 2.400% | 2/22/23 | 30,726 | 31,655 | ||
Amazon.com Inc. | 0.250% | 5/12/23 | 24,416 | 24,435 | ||
Amazon.com Inc. | 0.400% | 6/3/23 | 19,613 | 19,660 | ||
Amazon.com Inc. | 0.450% | 5/12/24 | 54,351 | 54,376 | ||
Amazon.com Inc. | 2.800% | 8/22/24 | 41,688 | 44,362 | ||
Amazon.com Inc. | 3.800% | 12/5/24 | 21,018 | 23,050 | ||
Amazon.com Inc. | 0.800% | 6/3/25 | 25,086 | 25,143 | ||
Amazon.com Inc. | 5.200% | 12/3/25 | 15,926 | 18,639 | ||
Amazon.com Inc. | 1.000% | 5/12/26 | 60,010 | 60,312 | ||
American Honda Finance Corp. | 1.950% | 5/20/22 | 11,827 | 11,974 | ||
1 | American Honda Finance Corp. | 0.400% | 10/21/22 | 11,117 | 11,133 | |
1 | American Honda Finance Corp. | 2.600% | 11/16/22 | 14,741 | 15,150 | |
1 | American Honda Finance Corp. | 2.050% | 1/10/23 | 9,685 | 9,917 | |
1 | American Honda Finance Corp. | 1.950% | 5/10/23 | 12,820 | 13,160 | |
1 | American Honda Finance Corp. | 0.875% | 7/7/23 | 48,323 | 48,741 | |
1 | American Honda Finance Corp. | 3.450% | 7/14/23 | 5,060 | 5,346 | |
1 | American Honda Finance Corp. | 0.650% | 9/8/23 | 15,242 | 15,323 | |
1 | American Honda Finance Corp. | 3.625% | 10/10/23 | 15,877 | 16,931 | |
1 | American Honda Finance Corp. | 3.550% | 1/12/24 | 16,679 | 17,829 | |
1 | American Honda Finance Corp. | 2.900% | 2/16/24 | 12,187 | 12,866 | |
1 | American Honda Finance Corp. | 2.400% | 6/27/24 | 15,426 | 16,172 | |
1 | American Honda Finance Corp. | 0.550% | 7/12/24 | 23,931 | 23,861 | |
1 | American Honda Finance Corp. | 2.150% | 9/10/24 | 14,903 | 15,537 | |
1 | American Honda Finance Corp. | 1.200% | 7/8/25 | 8,808 | 8,890 | |
1 | American Honda Finance Corp. | 1.000% | 9/10/25 | 10,916 | 10,934 | |
Aptiv Corp. | 4.150% | 3/15/24 | 15,456 | 16,667 | ||
Aptiv plc | 4.250% | 1/15/26 | 13,322 | 14,993 | ||
AutoNation Inc. | 3.500% | 11/15/24 | 11,739 | 12,605 | ||
AutoNation Inc. | 4.500% | 10/1/25 | 7,857 | 8,773 | ||
AutoZone Inc. | 2.875% | 1/15/23 | 10,613 | 10,898 | ||
AutoZone Inc. | 3.125% | 7/15/23 | 10,531 | 10,989 | ||
AutoZone Inc. | 3.125% | 4/18/24 | 8,000 | 8,490 | ||
AutoZone Inc. | 3.250% | 4/15/25 | 4,198 | 4,514 | ||
AutoZone Inc. | 3.625% | 4/15/25 | 12,336 | 13,433 | ||
AutoZone Inc. | 3.125% | 4/21/26 | 8,702 | 9,439 | ||
Block Financial LLC | 5.500% | 11/1/22 | 8,610 | 8,884 | ||
Block Financial LLC | 5.250% | 10/1/25 | 8,235 | 9,410 | ||
BorgWarner Inc. | 3.375% | 3/15/25 | 10,145 | 10,933 | ||
Brunswick Corp. | 0.850% | 8/18/24 | 8,000 | 8,003 | ||
3 | Daimler Finance North America LLC | 0.750% | 3/1/24 | 6,000 | 6,008 | |
DR Horton Inc. | 4.375% | 9/15/22 | 38 | 39 | ||
DR Horton Inc. | 4.750% | 2/15/23 | 5,480 | 5,750 | ||
DR Horton Inc. | 5.750% | 8/15/23 | 12,095 | 13,138 | ||
DR Horton Inc. | 2.500% | 10/15/24 | 13,996 | 14,677 | ||
DR Horton Inc. | 2.600% | 10/15/25 | 12,708 | 13,419 | ||
eBay Inc. | 2.750% | 1/30/23 | 22,753 | 23,472 | ||
eBay Inc. | 3.450% | 8/1/24 | 15,134 | 16,249 | ||
eBay Inc. | 1.900% | 3/11/25 | 21,927 | 22,673 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
eBay Inc. | 1.400% | 5/10/26 | 16,824 | 16,972 | ||
Fortune Brands Home & Security Inc. | 4.000% | 9/21/23 | 15,469 | 16,513 | ||
Fortune Brands Home & Security Inc. | 4.000% | 6/15/25 | 7,957 | 8,765 | ||
General Motors Co. | 4.875% | 10/2/23 | 37,663 | 40,848 | ||
General Motors Co. | 5.400% | 10/2/23 | 20,459 | 22,392 | ||
General Motors Co. | 4.000% | 4/1/25 | 11,492 | 12,564 | ||
General Motors Co. | 6.125% | 10/1/25 | 47,086 | 55,574 | ||
General Motors Financial Co. Inc. | 3.250% | 1/5/23 | 11,931 | 12,332 | ||
General Motors Financial Co. Inc. | 5.200% | 3/20/23 | 41,368 | 44,190 | ||
General Motors Financial Co. Inc. | 3.700% | 5/9/23 | 35,176 | 36,771 | ||
General Motors Financial Co. Inc. | 4.250% | 5/15/23 | 17,917 | 18,993 | ||
General Motors Financial Co. Inc. | 4.150% | 6/19/23 | 28,634 | 30,300 | ||
General Motors Financial Co. Inc. | 1.700% | 8/18/23 | 18,064 | 18,427 | ||
General Motors Financial Co. Inc. | 5.100% | 1/17/24 | 34,571 | 37,854 | ||
General Motors Financial Co. Inc. | 1.050% | 3/8/24 | 10,350 | 10,417 | ||
General Motors Financial Co. Inc. | 3.950% | 4/13/24 | 17,667 | 18,949 | ||
General Motors Financial Co. Inc. | 3.500% | 11/7/24 | 20,193 | 21,628 | ||
General Motors Financial Co. Inc. | 4.000% | 1/15/25 | 23,848 | 25,929 | ||
General Motors Financial Co. Inc. | 2.900% | 2/26/25 | 35,490 | 37,498 | ||
General Motors Financial Co. Inc. | 4.350% | 4/9/25 | 35,319 | 38,940 | ||
General Motors Financial Co. Inc. | 2.750% | 6/20/25 | 24,031 | 25,262 | ||
General Motors Financial Co. Inc. | 4.300% | 7/13/25 | 10,878 | 12,007 | ||
General Motors Financial Co. Inc. | 1.250% | 1/8/26 | 15,056 | 14,948 | ||
General Motors Financial Co. Inc. | 5.250% | 3/1/26 | 25,775 | 29,667 | ||
General Motors Financial Co. Inc. | 1.500% | 6/10/26 | 21,850 | 21,856 | ||
Global Payments Inc. | 1.200% | 3/1/26 | 14,540 | 14,454 | ||
Harley-Davidson Inc. | 3.500% | 7/28/25 | 9,249 | 9,934 | ||
Hasbro Inc. | 2.600% | 11/19/22 | 3,324 | 3,416 | ||
Hasbro Inc. | 3.000% | 11/19/24 | 13,834 | 14,699 | ||
Home Depot Inc. | 2.625% | 6/1/22 | 1 | 1 | ||
Home Depot Inc. | 2.700% | 4/1/23 | 28,968 | 29,916 | ||
Home Depot Inc. | 3.750% | 2/15/24 | 29,791 | 31,964 | ||
Home Depot Inc. | 3.350% | 9/15/25 | 18,855 | 20,631 | ||
Home Depot Inc. | 3.000% | 4/1/26 | 27,328 | 29,698 | ||
Hyatt Hotels Corp. | 3.375% | 7/15/23 | 8,812 | 9,158 | ||
Hyatt Hotels Corp. | 5.375% | 4/23/25 | 7,655 | 8,549 | ||
Hyatt Hotels Corp. | 4.850% | 3/15/26 | 9,677 | 10,789 | ||
JD.com Inc. | 3.875% | 4/29/26 | 12,575 | 13,799 | ||
Kohl's Corp. | 4.250% | 7/17/25 | 1,483 | 1,622 | ||
Las Vegas Sands Corp. | 3.200% | 8/8/24 | 38,972 | 40,567 | ||
Las Vegas Sands Corp. | 2.900% | 6/25/25 | 9,920 | 10,241 | ||
Las Vegas Sands Corp. | 3.500% | 8/18/26 | 20,986 | 22,023 | ||
Leggett & Platt Inc. | 3.800% | 11/15/24 | 6,876 | 7,394 | ||
Lennar Corp. | 4.125% | 1/15/22 | 10,000 | 10,042 | ||
Lennar Corp. | 4.750% | 11/15/22 | 8,667 | 9,012 | ||
Lennar Corp. | 4.875% | 12/15/23 | 10,150 | 10,992 | ||
Lennar Corp. | 4.500% | 4/30/24 | 13,500 | 14,667 | ||
Lennar Corp. | 5.875% | 11/15/24 | 9,086 | 10,286 | ||
Lennar Corp. | 4.750% | 5/30/25 | 14,663 | 16,405 | ||
Lennar Corp. | 5.250% | 6/1/26 | 2,003 | 2,319 | ||
Lowe's Cos. Inc. | 3.800% | 11/15/21 | 1 | 1 | ||
Lowe's Cos. Inc. | 3.875% | 9/15/23 | 11,716 | 12,447 | ||
Lowe's Cos. Inc. | 3.125% | 9/15/24 | 14,709 | 15,714 | ||
Lowe's Cos. Inc. | 4.000% | 4/15/25 | 15,741 | 17,336 | ||
Lowe's Cos. Inc. | 3.375% | 9/15/25 | 13,357 | 14,576 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Lowe's Cos. Inc. | 2.500% | 4/15/26 | 34,209 | 36,362 | ||
Magna International Inc. | 3.625% | 6/15/24 | 13,929 | 15,026 | ||
Magna International Inc. | 4.150% | 10/1/25 | 12,526 | 14,015 | ||
Marriott International Inc. | 3.250% | 9/15/22 | 9,150 | 9,319 | ||
Marriott International Inc. | 2.125% | 10/3/22 | 8,827 | 8,948 | ||
1 | Marriott International Inc. | 4.150% | 12/1/23 | 6,537 | 6,977 | |
Marriott International Inc. | 3.600% | 4/15/24 | 10,861 | 11,585 | ||
Marriott International Inc. | 3.750% | 3/15/25 | 8,902 | 9,569 | ||
1 | Marriott International Inc. | 5.750% | 5/1/25 | 26,816 | 30,809 | |
Marriott International Inc. | 3.750% | 10/1/25 | 5,317 | 5,758 | ||
1 | Marriott International Inc. | 3.125% | 6/15/26 | 15,714 | 16,781 | |
1 | McDonald's Corp. | 3.350% | 4/1/23 | 27,802 | 29,032 | |
1 | McDonald's Corp. | 3.250% | 6/10/24 | 6,525 | 6,986 | |
1 | McDonald's Corp. | 3.375% | 5/26/25 | 21,648 | 23,441 | |
1 | McDonald's Corp. | 3.300% | 7/1/25 | 19,122 | 20,732 | |
1 | McDonald's Corp. | 1.450% | 9/1/25 | 8,929 | 9,105 | |
1 | McDonald's Corp. | 3.700% | 1/30/26 | 33,869 | 37,501 | |
Mohawk Industries Inc. | 3.850% | 2/1/23 | 12,769 | 13,272 | ||
NIKE Inc. | 2.250% | 5/1/23 | 10,255 | 10,545 | ||
NIKE Inc. | 2.400% | 3/27/25 | 15,993 | 16,938 | ||
NVR Inc. | 3.950% | 9/15/22 | 10,225 | 10,512 | ||
O'Reilly Automotive Inc. | 3.800% | 9/1/22 | 6,332 | 6,491 | ||
O'Reilly Automotive Inc. | 3.850% | 6/15/23 | 5,510 | 5,793 | ||
O'Reilly Automotive Inc. | 3.550% | 3/15/26 | 10,904 | 12,035 | ||
Owens Corning | 4.200% | 12/1/24 | 6,494 | 7,097 | ||
Owens Corning | 3.400% | 8/15/26 | 9,656 | 10,494 | ||
PulteGroup Inc. | 5.500% | 3/1/26 | 10,911 | 12,757 | ||
PVH Corp. | 4.625% | 7/10/25 | 12,027 | 13,380 | ||
Ralph Lauren Corp. | 3.750% | 9/15/25 | 8,904 | 9,805 | ||
Ross Stores Inc. | 4.600% | 4/15/25 | 15,971 | 17,905 | ||
Ross Stores Inc. | 0.875% | 4/15/26 | 10,023 | 9,860 | ||
Sands China Ltd. | 4.600% | 8/8/23 | 27,527 | 29,108 | ||
Sands China Ltd. | 5.125% | 8/8/25 | 41,261 | 45,908 | ||
Sands China Ltd. | 3.800% | 1/8/26 | 12,054 | 12,802 | ||
Stanley Black & Decker Inc. | 3.400% | 3/1/26 | 11,997 | 13,200 | ||
1 | Stanley Black & Decker Inc. | 4.000% | 3/15/60 | 16,484 | 17,690 | |
Starbucks Corp. | 3.100% | 3/1/23 | 26,116 | 27,129 | ||
Starbucks Corp. | 3.850% | 10/1/23 | 10,117 | 10,752 | ||
Starbucks Corp. | 3.800% | 8/15/25 | 27,231 | 30,076 | ||
Starbucks Corp. | 2.450% | 6/15/26 | 12,842 | 13,609 | ||
Stellantis NV | 5.250% | 4/15/23 | 31,791 | 34,057 | ||
Tapestry Inc. | 4.250% | 4/1/25 | 14,399 | 15,602 | ||
TJX Cos. Inc. | 2.500% | 5/15/23 | 16,047 | 16,566 | ||
Toyota Motor Corp. | 3.419% | 7/20/23 | 16,246 | 17,203 | ||
Toyota Motor Corp. | 0.681% | 3/25/24 | 1,088 | 1,091 | ||
Toyota Motor Corp. | 2.358% | 7/2/24 | 6,305 | 6,615 | ||
Toyota Motor Corp. | 1.339% | 3/25/26 | 23,243 | 23,546 | ||
1 | Toyota Motor Credit Corp. | 1.150% | 5/26/22 | 10,000 | 10,071 | |
1 | Toyota Motor Credit Corp. | 2.150% | 9/8/22 | 20,794 | 21,198 | |
1 | Toyota Motor Credit Corp. | 0.350% | 10/14/22 | 24,454 | 24,493 | |
1 | Toyota Motor Credit Corp. | 2.625% | 1/10/23 | 18,717 | 19,317 | |
1 | Toyota Motor Credit Corp. | 2.700% | 1/11/23 | 13,785 | 14,237 | |
1 | Toyota Motor Credit Corp. | 2.900% | 3/30/23 | 25,651 | 26,698 | |
1 | Toyota Motor Credit Corp. | 0.400% | 4/6/23 | 10,146 | 10,160 | |
1 | Toyota Motor Credit Corp. | 0.500% | 8/14/23 | 21,620 | 21,692 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Toyota Motor Credit Corp. | 1.350% | 8/25/23 | 40,057 | 40,828 | |
1 | Toyota Motor Credit Corp. | 3.450% | 9/20/23 | 11,192 | 11,893 | |
1 | Toyota Motor Credit Corp. | 2.250% | 10/18/23 | 12,861 | 13,353 | |
Toyota Motor Credit Corp. | 3.350% | 1/8/24 | 10,758 | 11,466 | ||
1 | Toyota Motor Credit Corp. | 0.450% | 1/11/24 | 22,262 | 22,248 | |
1 | Toyota Motor Credit Corp. | 2.900% | 4/17/24 | 12,327 | 13,074 | |
1 | Toyota Motor Credit Corp. | 0.500% | 6/18/24 | 12,150 | 12,125 | |
1 | Toyota Motor Credit Corp. | 2.000% | 10/7/24 | 8,677 | 9,025 | |
1 | Toyota Motor Credit Corp. | 1.800% | 2/13/25 | 51,598 | 53,219 | |
1 | Toyota Motor Credit Corp. | 3.000% | 4/1/25 | 24,576 | 26,366 | |
1 | Toyota Motor Credit Corp. | 3.400% | 4/14/25 | 14,597 | 15,897 | |
1 | Toyota Motor Credit Corp. | 0.800% | 10/16/25 | 9,901 | 9,838 | |
1 | Toyota Motor Credit Corp. | 0.800% | 1/9/26 | 15,255 | 15,092 | |
1 | Toyota Motor Credit Corp. | 1.125% | 6/18/26 | 13,040 | 13,081 | |
VF Corp. | 2.400% | 4/23/25 | 18,066 | 18,915 | ||
Whirlpool Corp. | 4.700% | 6/1/22 | 4,525 | 4,668 | ||
Whirlpool Corp. | 4.000% | 3/1/24 | 5,825 | 6,294 | ||
Whirlpool Corp. | 3.700% | 5/1/25 | 5,012 | 5,483 | ||
1 | Yale University | 0.873% | 4/15/25 | 10,521 | 10,603 | |
3,184,653 | ||||||
Consumer Staples (5.2%) | ||||||
Altria Group Inc. | 4.000% | 1/31/24 | 23,010 | 24,885 | ||
Altria Group Inc. | 3.800% | 2/14/24 | 15,970 | 17,136 | ||
Altria Group Inc. | 2.350% | 5/6/25 | 11,522 | 12,014 | ||
Altria Group Inc. | 4.400% | 2/14/26 | 30,701 | 34,702 | ||
1 | Anheuser-Busch Cos. LLC | 3.650% | 2/1/26 | 66,342 | 73,291 | |
Anheuser-Busch InBev Finance Inc. | 3.650% | 2/1/26 | 40,328 | 44,473 | ||
Archer-Daniels-Midland Co. | 2.750% | 3/27/25 | 8,635 | 9,170 | ||
Archer-Daniels-Midland Co. | 2.500% | 8/11/26 | 21,291 | 22,681 | ||
BAT Capital Corp. | 3.222% | 8/15/24 | 49,813 | 52,867 | ||
BAT Capital Corp. | 2.789% | 9/6/24 | 17,143 | 18,006 | ||
BAT International Finance plc | 1.668% | 3/25/26 | 33,113 | 33,336 | ||
Brown-Forman Corp. | 3.500% | 4/15/25 | 4,401 | 4,804 | ||
Bunge Ltd. Finance Corp. | 3.000% | 9/25/22 | 5,875 | 6,023 | ||
Bunge Ltd. Finance Corp. | 4.350% | 3/15/24 | 12,505 | 13,557 | ||
Bunge Ltd. Finance Corp. | 1.630% | 8/17/25 | 12,126 | 12,321 | ||
Bunge Ltd. Finance Corp. | 3.250% | 8/15/26 | 18,890 | 20,434 | ||
Campbell Soup Co. | 3.650% | 3/15/23 | 11,663 | 12,198 | ||
Campbell Soup Co. | 3.950% | 3/15/25 | 20,067 | 22,035 | ||
Campbell Soup Co. | 3.300% | 3/19/25 | 9,861 | 10,606 | ||
Church & Dwight Co. Inc. | 2.875% | 10/1/22 | 5,759 | 5,913 | ||
Clorox Co. | 3.800% | 11/15/21 | 5,664 | 5,704 | ||
Clorox Co. | 3.050% | 9/15/22 | 8,547 | 8,726 | ||
Clorox Co. | 3.500% | 12/15/24 | 8,971 | 9,716 | ||
Coca-Cola Co. | 1.750% | 9/6/24 | 29,479 | 30,677 | ||
Coca-Cola Consolidated Inc. | 3.800% | 11/25/25 | 7,067 | 7,814 | ||
1 | Colgate-Palmolive Co. | 2.250% | 11/15/22 | 10,289 | 10,538 | |
1 | Colgate-Palmolive Co. | 1.950% | 2/1/23 | 3,160 | 3,236 | |
1 | Colgate-Palmolive Co. | 2.100% | 5/1/23 | 7,177 | 7,390 | |
1 | Colgate-Palmolive Co. | 3.250% | 3/15/24 | 7,331 | 7,849 | |
Conagra Brands Inc. | 3.250% | 9/15/22 | 700 | 720 | ||
Conagra Brands Inc. | 3.200% | 1/25/23 | 5,906 | 6,091 | ||
Conagra Brands Inc. | 0.500% | 8/11/23 | 8,400 | 8,398 | ||
Conagra Brands Inc. | 4.300% | 5/1/24 | 30,096 | 32,792 | ||
Conagra Brands Inc. | 4.600% | 11/1/25 | 24,322 | 27,471 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Constellation Brands Inc. | 3.200% | 2/15/23 | 24,345 | 25,268 | ||
Constellation Brands Inc. | 4.250% | 5/1/23 | 25,736 | 27,277 | ||
Constellation Brands Inc. | 4.750% | 11/15/24 | 9,250 | 10,350 | ||
Constellation Brands Inc. | 4.400% | 11/15/25 | 9,848 | 11,104 | ||
Constellation Brands Inc. | 4.750% | 12/1/25 | 7,765 | 8,908 | ||
Constellation Brands Inc. | 3.700% | 12/6/26 | 10,000 | 11,107 | ||
Costco Wholesale Corp. | 2.750% | 5/18/24 | 29,440 | 31,158 | ||
Diageo Capital plc | 2.625% | 4/29/23 | 24,613 | 25,412 | ||
Diageo Capital plc | 3.500% | 9/18/23 | 12,593 | 13,366 | ||
Diageo Capital plc | 2.125% | 10/24/24 | 12,939 | 13,522 | ||
Diageo Capital plc | 1.375% | 9/29/25 | 22,550 | 22,908 | ||
Dollar General Corp. | 3.250% | 4/15/23 | 32,332 | 33,577 | ||
Dollar General Corp. | 4.150% | 11/1/25 | 5,794 | 6,470 | ||
Dollar Tree Inc. | 3.700% | 5/15/23 | 22,447 | 23,603 | ||
Dollar Tree Inc. | 4.000% | 5/15/25 | 20,982 | 23,041 | ||
Estee Lauder Cos. Inc. | 2.000% | 12/1/24 | 12,381 | 12,947 | ||
Fomento Economico Mexicano SAB de CV | 2.875% | 5/10/23 | 3,180 | 3,290 | ||
General Mills Inc. | 2.600% | 10/12/22 | 13,109 | 13,407 | ||
General Mills Inc. | 3.700% | 10/17/23 | 18,060 | 19,230 | ||
General Mills Inc. | 3.650% | 2/15/24 | 11,732 | 12,519 | ||
General Mills Inc. | 4.000% | 4/17/25 | 13,387 | 14,786 | ||
Hershey Co. | 2.625% | 5/1/23 | 750 | 774 | ||
Hershey Co. | 3.375% | 5/15/23 | 10,125 | 10,619 | ||
Hershey Co. | 2.050% | 11/15/24 | 1,075 | 1,123 | ||
Hershey Co. | 0.900% | 6/1/25 | 7,265 | 7,289 | ||
Hershey Co. | 3.200% | 8/21/25 | 5,377 | 5,833 | ||
Hershey Co. | 2.300% | 8/15/26 | 12,125 | 12,863 | ||
Hormel Foods Corp. | 0.650% | 6/3/24 | 13,800 | 13,820 | ||
J M Smucker Co. | 3.500% | 3/15/25 | 25,301 | 27,508 | ||
Kellogg Co. | 2.650% | 12/1/23 | 11,481 | 12,036 | ||
Kellogg Co. | 3.250% | 4/1/26 | 13,828 | 15,114 | ||
Keurig Dr Pepper Inc. | 4.057% | 5/25/23 | 22,213 | 23,559 | ||
Keurig Dr Pepper Inc. | 3.130% | 12/15/23 | 21,399 | 22,586 | ||
Keurig Dr Pepper Inc. | 0.750% | 3/15/24 | 10,000 | 10,010 | ||
Keurig Dr Pepper Inc. | 4.417% | 5/25/25 | 17,070 | 19,103 | ||
Keurig Dr Pepper Inc. | 3.400% | 11/15/25 | 7,014 | 7,650 | ||
Kimberly-Clark Corp. | 2.400% | 6/1/23 | 6,087 | 6,309 | ||
Kimberly-Clark Corp. | 3.050% | 8/15/25 | 5,890 | 6,399 | ||
Kimberly-Clark Corp. | 2.750% | 2/15/26 | 11,589 | 12,542 | ||
Kroger Co. | 3.850% | 8/1/23 | 15,992 | 16,898 | ||
Kroger Co. | 4.000% | 2/1/24 | 13,620 | 14,615 | ||
Kroger Co. | 3.500% | 2/1/26 | 7,155 | 7,883 | ||
McCormick & Co. Inc. | 3.150% | 8/15/24 | 22,125 | 23,574 | ||
McCormick & Co. Inc. | 0.900% | 2/15/26 | 9,381 | 9,273 | ||
Mead Johnson Nutrition Co. | 4.125% | 11/15/25 | 22,741 | 25,518 | ||
Molson Coors Beverage Co. | 3.000% | 7/15/26 | 43,627 | 46,887 | ||
3 | Mondelez International Holdings Netherlands BV | 2.125% | 9/19/22 | 6,150 | 6,269 | |
Mondelez International Inc. | 1.500% | 5/4/25 | 21,915 | 22,320 | ||
PepsiCo Inc. | 2.750% | 3/1/23 | 22,761 | 23,632 | ||
PepsiCo Inc. | 0.750% | 5/1/23 | 29,929 | 30,189 | ||
PepsiCo Inc. | 0.400% | 10/7/23 | 8,493 | 8,521 | ||
PepsiCo Inc. | 3.600% | 3/1/24 | 13,740 | 14,715 | ||
PepsiCo Inc. | 2.250% | 3/19/25 | 50,662 | 53,244 | ||
PepsiCo Inc. | 2.750% | 4/30/25 | 20,596 | 21,992 | ||
PepsiCo Inc. | 3.500% | 7/17/25 | 12,023 | 13,182 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PepsiCo Inc. | 2.850% | 2/24/26 | 22,639 | 24,471 | ||
PepsiCo Inc. | 2.375% | 10/6/26 | 10,000 | 10,704 | ||
Philip Morris International Inc. | 2.500% | 11/2/22 | 14,782 | 15,138 | ||
Philip Morris International Inc. | 2.625% | 3/6/23 | 14,736 | 15,263 | ||
Philip Morris International Inc. | 1.125% | 5/1/23 | 21,433 | 21,714 | ||
Philip Morris International Inc. | 2.125% | 5/10/23 | 11,711 | 12,029 | ||
Philip Morris International Inc. | 3.600% | 11/15/23 | 7,960 | 8,522 | ||
Philip Morris International Inc. | 2.875% | 5/1/24 | 17,344 | 18,348 | ||
Philip Morris International Inc. | 3.250% | 11/10/24 | 17,954 | 19,389 | ||
Philip Morris International Inc. | 1.500% | 5/1/25 | 8,412 | 8,576 | ||
Philip Morris International Inc. | 3.375% | 8/11/25 | 14,610 | 15,886 | ||
Philip Morris International Inc. | 2.750% | 2/25/26 | 23,283 | 24,891 | ||
Philip Morris International Inc. | 0.875% | 5/1/26 | 15,795 | 15,615 | ||
Procter & Gamble Co. | 3.100% | 8/15/23 | 29,640 | 31,273 | ||
Procter & Gamble Co. | 0.550% | 10/29/25 | 18,711 | 18,576 | ||
Procter & Gamble Co. | 2.700% | 2/2/26 | 17,448 | 18,830 | ||
Reynolds American Inc. | 4.850% | 9/15/23 | 7,435 | 8,081 | ||
Reynolds American Inc. | 4.450% | 6/12/25 | 58,728 | 65,115 | ||
Sysco Corp. | 3.550% | 3/15/25 | 14,879 | 16,166 | ||
Sysco Corp. | 5.650% | 4/1/25 | 15,354 | 17,709 | ||
Sysco Corp. | 3.750% | 10/1/25 | 14,560 | 16,015 | ||
Sysco Corp. | 3.300% | 7/15/26 | 20,493 | 22,282 | ||
Target Corp. | 3.500% | 7/1/24 | 23,310 | 25,269 | ||
Target Corp. | 2.250% | 4/15/25 | 32,687 | 34,363 | ||
Target Corp. | 2.500% | 4/15/26 | 21,250 | 22,838 | ||
Tyson Foods Inc. | 3.900% | 9/28/23 | 2,552 | 2,724 | ||
Tyson Foods Inc. | 3.950% | 8/15/24 | 21,008 | 22,794 | ||
Tyson Foods Inc. | 4.000% | 3/1/26 | 28,691 | 32,023 | ||
Unilever Capital Corp. | 3.125% | 3/22/23 | 11,790 | 12,286 | ||
Unilever Capital Corp. | 0.375% | 9/14/23 | 16,255 | 16,283 | ||
Unilever Capital Corp. | 3.250% | 3/7/24 | 15,599 | 16,636 | ||
Unilever Capital Corp. | 2.600% | 5/5/24 | 19,881 | 20,915 | ||
Unilever Capital Corp. | 0.626% | 8/12/24 | 4,750 | 4,755 | ||
Unilever Capital Corp. | 3.375% | 3/22/25 | 6,971 | 7,581 | ||
Unilever Capital Corp. | 3.100% | 7/30/25 | 8,569 | 9,290 | ||
Unilever Capital Corp. | 2.000% | 7/28/26 | 21,671 | 22,676 | ||
Walgreens Boots Alliance Inc. | 3.800% | 11/18/24 | 36,405 | 39,529 | ||
Walgreens Boots Alliance Inc. | 3.450% | 6/1/26 | 26,408 | 28,830 | ||
Walmart Inc. | 2.350% | 12/15/22 | 15,980 | 16,392 | ||
Walmart Inc. | 2.550% | 4/11/23 | 30,078 | 31,043 | ||
Walmart Inc. | 3.400% | 6/26/23 | 58,034 | 61,207 | ||
Walmart Inc. | 3.300% | 4/22/24 | 31,475 | 33,610 | ||
Walmart Inc. | 2.850% | 7/8/24 | 47,810 | 50,908 | ||
Walmart Inc. | 2.650% | 12/15/24 | 32,297 | 34,434 | ||
Walmart Inc. | 3.550% | 6/26/25 | 29,520 | 32,491 | ||
Walmart Inc. | 3.050% | 7/8/26 | 21,246 | 23,266 | ||
2,561,409 | ||||||
Energy (7.4%) | ||||||
Baker Hughes a GE Co. LLC | 2.773% | 12/15/22 | 36,325 | 37,409 | ||
Boardwalk Pipelines LP | 3.375% | 2/1/23 | 7,460 | 7,685 | ||
Boardwalk Pipelines LP | 4.950% | 12/15/24 | 10,412 | 11,588 | ||
Boardwalk Pipelines LP | 5.950% | 6/1/26 | 14,981 | 17,684 | ||
BP Capital Markets America Inc. | 2.937% | 4/6/23 | 22,325 | 23,234 | ||
1 | BP Capital Markets America Inc. | 2.750% | 5/10/23 | 40,017 | 41,631 | |
1 | BP Capital Markets America Inc. | 3.216% | 11/28/23 | 13,276 | 14,031 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
BP Capital Markets America Inc. | 3.790% | 2/6/24 | 16,348 | 17,548 | ||
1 | BP Capital Markets America Inc. | 3.224% | 4/14/24 | 21,536 | 22,884 | |
BP Capital Markets America Inc. | 3.194% | 4/6/25 | 19,654 | 21,126 | ||
BP Capital Markets America Inc. | 3.796% | 9/21/25 | 15,312 | 16,916 | ||
BP Capital Markets America Inc. | 3.410% | 2/11/26 | 22,080 | 24,160 | ||
1 | BP Capital Markets America Inc. | 3.119% | 5/4/26 | 22,887 | 24,838 | |
BP Capital Markets plc | 2.500% | 11/6/22 | 19,687 | 20,201 | ||
BP Capital Markets plc | 2.750% | 5/10/23 | 2,185 | 2,272 | ||
BP Capital Markets plc | 3.994% | 9/26/23 | 17,089 | 18,345 | ||
BP Capital Markets plc | 3.814% | 2/10/24 | 43,167 | 46,515 | ||
BP Capital Markets plc | 3.535% | 11/4/24 | 11,623 | 12,599 | ||
BP Capital Markets plc | 3.506% | 3/17/25 | 17,318 | 18,854 | ||
Canadian Natural Resources Ltd. | 2.950% | 1/15/23 | 28,401 | 29,299 | ||
Canadian Natural Resources Ltd. | 3.800% | 4/15/24 | 14,518 | 15,518 | ||
Canadian Natural Resources Ltd. | 3.900% | 2/1/25 | 15,625 | 16,938 | ||
Canadian Natural Resources Ltd. | 2.050% | 7/15/25 | 11,480 | 11,818 | ||
Cenovus Energy Inc. | 3.800% | 9/15/23 | 12,403 | 13,051 | ||
Cenovus Energy Inc. | 4.000% | 4/15/24 | 10,530 | 11,261 | ||
Cenovus Energy Inc. | 5.375% | 7/15/25 | 32,517 | 36,913 | ||
Cheniere Corpus Christi Holdings LLC | 7.000% | 6/30/24 | 28,415 | 32,276 | ||
Cheniere Corpus Christi Holdings LLC | 5.875% | 3/31/25 | 47,756 | 54,275 | ||
Chevron Corp. | 2.355% | 12/5/22 | 43,418 | 44,350 | ||
Chevron Corp. | 1.141% | 5/11/23 | 33,805 | 34,303 | ||
Chevron Corp. | 2.566% | 5/16/23 | 11,484 | 11,874 | ||
Chevron Corp. | 3.191% | 6/24/23 | 33,582 | 35,109 | ||
Chevron Corp. | 2.895% | 3/3/24 | 20,467 | 21,635 | ||
Chevron Corp. | 1.554% | 5/11/25 | 53,778 | 55,182 | ||
Chevron Corp. | 3.326% | 11/17/25 | 12,391 | 13,557 | ||
Chevron Corp. | 2.954% | 5/16/26 | 48,051 | 52,092 | ||
Chevron USA Inc. | 0.426% | 8/11/23 | 8,374 | 8,395 | ||
Chevron USA Inc. | 3.900% | 11/15/24 | 13,291 | 14,560 | ||
Chevron USA Inc. | 0.687% | 8/12/25 | 18,835 | 18,734 | ||
Cimarex Energy Co. | 4.375% | 6/1/24 | 15,219 | 16,471 | ||
Columbia Pipeline Group Inc. | 4.500% | 6/1/25 | 19,333 | 21,648 | ||
ConocoPhillips Co. | 2.400% | 12/15/22 | 2,789 | 2,847 | ||
ConocoPhillips Co. | 3.350% | 11/15/24 | 6,969 | 7,498 | ||
ConocoPhillips Co. | 4.950% | 3/15/26 | 31,945 | 37,024 | ||
3 | Devon Energy Corp. | 5.250% | 9/15/24 | 11,570 | 12,840 | |
Devon Energy Corp. | 5.850% | 12/15/25 | 9,476 | 11,029 | ||
Diamondback Energy Inc. | 0.900% | 3/24/23 | 10,400 | 10,395 | ||
Diamondback Energy Inc. | 2.875% | 12/1/24 | 20,081 | 21,093 | ||
Diamondback Energy Inc. | 4.750% | 5/31/25 | 11,209 | 12,544 | ||
3 | Eastern Gas Transmission & Storage Inc. | 3.600% | 12/15/24 | 3,906 | 4,208 | |
Enable Midstream Partners LP | 3.900% | 5/15/24 | 10,798 | 11,483 | ||
Enbridge Energy Partners LP | 5.875% | 10/15/25 | 7,688 | 9,027 | ||
Enbridge Inc. | 4.000% | 10/1/23 | 22,552 | 23,948 | ||
Enbridge Inc. | 3.500% | 6/10/24 | 11,449 | 12,252 | ||
Enbridge Inc. | 2.500% | 1/15/25 | 18,123 | 18,982 | ||
Energy Transfer LP | 5.000% | 10/1/22 | 14,200 | 14,701 | ||
Energy Transfer LP | 3.450% | 1/15/23 | 7,983 | 8,221 | ||
Energy Transfer LP | 3.600% | 2/1/23 | 17,136 | 17,716 | ||
1 | Energy Transfer LP | 4.250% | 3/15/23 | 21,105 | 22,042 | |
1 | Energy Transfer LP | 4.200% | 9/15/23 | 12,605 | 13,420 | |
Energy Transfer LP | 4.500% | 11/1/23 | 13,010 | 13,901 | ||
1 | Energy Transfer LP | 5.875% | 1/15/24 | 24,652 | 27,161 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Energy Transfer LP | 4.900% | 2/1/24 | 7,343 | 7,935 | ||
Energy Transfer LP | 4.250% | 4/1/24 | 10,731 | 11,513 | ||
Energy Transfer LP | 4.500% | 4/15/24 | 13,278 | 14,407 | ||
Energy Transfer LP | 4.050% | 3/15/25 | 21,378 | 23,145 | ||
Energy Transfer LP | 2.900% | 5/15/25 | 21,264 | 22,341 | ||
Energy Transfer LP | 5.950% | 12/1/25 | 10,953 | 12,788 | ||
Energy Transfer LP | 4.750% | 1/15/26 | 22,084 | 24,780 | ||
Energy Transfer LP | 3.900% | 7/15/26 | 12,571 | 13,800 | ||
Enterprise Products Operating LLC | 3.350% | 3/15/23 | 27,183 | 28,185 | ||
Enterprise Products Operating LLC | 3.900% | 2/15/24 | 15,021 | 16,088 | ||
Enterprise Products Operating LLC | 3.750% | 2/15/25 | 31,193 | 33,894 | ||
Enterprise Products Operating LLC | 3.700% | 2/15/26 | 19,129 | 21,141 | ||
EOG Resources Inc. | 2.625% | 3/15/23 | 20,067 | 20,673 | ||
EOG Resources Inc. | 3.150% | 4/1/25 | 8,032 | 8,624 | ||
EOG Resources Inc. | 4.150% | 1/15/26 | 18,578 | 20,845 | ||
Exxon Mobil Corp. | 2.726% | 3/1/23 | 34,999 | 36,121 | ||
Exxon Mobil Corp. | 1.571% | 4/15/23 | 58,715 | 59,893 | ||
Exxon Mobil Corp. | 3.176% | 3/15/24 | 10,081 | 10,707 | ||
Exxon Mobil Corp. | 2.019% | 8/16/24 | 22,378 | 23,338 | ||
Exxon Mobil Corp. | 2.709% | 3/6/25 | 24,770 | 26,301 | ||
Exxon Mobil Corp. | 2.992% | 3/19/25 | 81,943 | 87,660 | ||
Exxon Mobil Corp. | 3.043% | 3/1/26 | 50,100 | 54,319 | ||
Exxon Mobil Corp. | 2.275% | 8/16/26 | 31,000 | 32,679 | ||
Halliburton Co. | 3.500% | 8/1/23 | 15,737 | 16,523 | ||
Halliburton Co. | 3.800% | 11/15/25 | 18,408 | 20,270 | ||
1 | Helmerich & Payne Inc. | 4.650% | 3/15/25 | 7,350 | 8,175 | |
Hess Corp. | 3.500% | 7/15/24 | 6,446 | 6,835 | ||
HollyFrontier Corp. | 2.625% | 10/1/23 | 4,641 | 4,792 | ||
HollyFrontier Corp. | 5.875% | 4/1/26 | 24,319 | 27,944 | ||
Kinder Morgan Energy Partners LP | 3.950% | 9/1/22 | 15,199 | 15,606 | ||
Kinder Morgan Energy Partners LP | 3.450% | 2/15/23 | 14,430 | 14,938 | ||
Kinder Morgan Energy Partners LP | 3.500% | 9/1/23 | 15,017 | 15,772 | ||
Kinder Morgan Energy Partners LP | 4.150% | 2/1/24 | 10,169 | 10,909 | ||
Kinder Morgan Energy Partners LP | 4.300% | 5/1/24 | 14,849 | 16,089 | ||
Kinder Morgan Energy Partners LP | 4.250% | 9/1/24 | 15,327 | 16,723 | ||
Kinder Morgan Inc. | 3.150% | 1/15/23 | 19,567 | 20,254 | ||
Kinder Morgan Inc. | 4.300% | 6/1/25 | 33,100 | 36,673 | ||
Magellan Midstream Partners LP | 5.000% | 3/1/26 | 13,312 | 15,287 | ||
Marathon Oil Corp. | 3.850% | 6/1/25 | 21,083 | 23,291 | ||
Marathon Petroleum Corp. | 4.500% | 5/1/23 | 32,397 | 34,342 | ||
Marathon Petroleum Corp. | 4.750% | 12/15/23 | 14,017 | 15,188 | ||
Marathon Petroleum Corp. | 3.625% | 9/15/24 | 12,345 | 13,271 | ||
Marathon Petroleum Corp. | 4.700% | 5/1/25 | 34,256 | 38,391 | ||
MPLX LP | 3.500% | 12/1/22 | 13,111 | 13,563 | ||
MPLX LP | 3.375% | 3/15/23 | 13,135 | 13,665 | ||
MPLX LP | 4.500% | 7/15/23 | 20,405 | 21,674 | ||
MPLX LP | 4.875% | 12/1/24 | 26,137 | 29,091 | ||
MPLX LP | 4.000% | 2/15/25 | 12,840 | 13,981 | ||
MPLX LP | 4.875% | 6/1/25 | 27,638 | 31,079 | ||
MPLX LP | 1.750% | 3/1/26 | 32,726 | 33,142 | ||
ONEOK Inc. | 7.500% | 9/1/23 | 8,890 | 9,926 | ||
ONEOK Inc. | 2.750% | 9/1/24 | 9,990 | 10,478 | ||
ONEOK Inc. | 2.200% | 9/15/25 | 15,641 | 16,075 | ||
ONEOK Inc. | 5.850% | 1/15/26 | 11,639 | 13,697 | ||
ONEOK Partners LP | 3.375% | 10/1/22 | 23,969 | 24,536 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
ONEOK Partners LP | 5.000% | 9/15/23 | 8,747 | 9,390 | ||
ONEOK Partners LP | 4.900% | 3/15/25 | 14,678 | 16,372 | ||
Phillips 66 | 3.700% | 4/6/23 | 11,009 | 11,558 | ||
Phillips 66 | 0.900% | 2/15/24 | 6,350 | 6,352 | ||
Phillips 66 | 3.850% | 4/9/25 | 22,404 | 24,487 | ||
Phillips 66 | 1.300% | 2/15/26 | 12,386 | 12,382 | ||
Phillips 66 Partners LP | 2.450% | 12/15/24 | 6,676 | 6,946 | ||
Phillips 66 Partners LP | 3.605% | 2/15/25 | 10,655 | 11,472 | ||
Pioneer Natural Resources Co. | 0.550% | 5/15/23 | 6,525 | 6,522 | ||
Pioneer Natural Resources Co. | 0.750% | 1/15/24 | 15,500 | 15,469 | ||
Pioneer Natural Resources Co. | 1.125% | 1/15/26 | 15,158 | 15,034 | ||
Pioneer Natural Resources Co. | 4.450% | 1/15/26 | 21,052 | 23,652 | ||
Plains All American Pipeline LP | 2.850% | 1/31/23 | 6,446 | 6,599 | ||
Plains All American Pipeline LP | 3.850% | 10/15/23 | 16,470 | 17,359 | ||
Plains All American Pipeline LP | 3.600% | 11/1/24 | 18,079 | 19,273 | ||
Plains All American Pipeline LP | 4.650% | 10/15/25 | 24,210 | 26,973 | ||
Sabine Pass Liquefaction LLC | 5.625% | 4/15/23 | 28,465 | 30,357 | ||
Sabine Pass Liquefaction LLC | 5.750% | 5/15/24 | 44,735 | 49,879 | ||
Sabine Pass Liquefaction LLC | 5.625% | 3/1/25 | 46,688 | 53,200 | ||
Sabine Pass Liquefaction LLC | 5.875% | 6/30/26 | 12,646 | 14,947 | ||
Schlumberger Finance Canada Ltd. | 1.400% | 9/17/25 | 10,550 | 10,701 | ||
Schlumberger Investment SA | 3.650% | 12/1/23 | 30,284 | 32,210 | ||
Shell International Finance BV | 2.250% | 1/6/23 | 22,928 | 23,535 | ||
Shell International Finance BV | 3.400% | 8/12/23 | 20,907 | 22,159 | ||
Shell International Finance BV | 0.375% | 9/15/23 | 14,491 | 14,512 | ||
Shell International Finance BV | 3.500% | 11/13/23 | 14,712 | 15,686 | ||
Shell International Finance BV | 2.000% | 11/7/24 | 27,457 | 28,627 | ||
Shell International Finance BV | 2.375% | 4/6/25 | 30,326 | 31,838 | ||
Shell International Finance BV | 3.250% | 5/11/25 | 58,018 | 62,920 | ||
Shell International Finance BV | 2.875% | 5/10/26 | 35,891 | 38,769 | ||
Spectra Energy Partners LP | 4.750% | 3/15/24 | 24,429 | 26,640 | ||
Spectra Energy Partners LP | 3.500% | 3/15/25 | 5,573 | 6,000 | ||
Suncor Energy Inc. | 2.800% | 5/15/23 | 12,031 | 12,474 | ||
Suncor Energy Inc. | 3.600% | 12/1/24 | 20,879 | 22,700 | ||
Suncor Energy Inc. | 3.100% | 5/15/25 | 11,995 | 12,792 | ||
TC PipeLines LP | 4.375% | 3/13/25 | 5,520 | 6,069 | ||
TotalEnergies Capital Canada Ltd. | 2.750% | 7/15/23 | 30,544 | 31,891 | ||
TotalEnergies Capital International SA | 2.700% | 1/25/23 | 23,871 | 24,680 | ||
TotalEnergies Capital International SA | 3.700% | 1/15/24 | 25,333 | 27,236 | ||
TotalEnergies Capital International SA | 3.750% | 4/10/24 | 13,121 | 14,208 | ||
TotalEnergies Capital International SA | 2.434% | 1/10/25 | 21,366 | 22,418 | ||
TransCanada PipeLines Ltd. | 3.750% | 10/16/23 | 16,556 | 17,553 | ||
TransCanada PipeLines Ltd. | 4.875% | 1/15/26 | 18,489 | 21,213 | ||
Transcontinental Gas Pipe Line Co. LLC | 7.850% | 2/1/26 | 21,315 | 26,833 | ||
Valero Energy Corp. | 2.700% | 4/15/23 | 19,173 | 19,809 | ||
Valero Energy Corp. | 1.200% | 3/15/24 | 13,711 | 13,824 | ||
Valero Energy Corp. | 3.650% | 3/15/25 | 14,244 | 15,419 | ||
Valero Energy Corp. | 2.850% | 4/15/25 | 23,241 | 24,522 | ||
Valero Energy Corp. | 3.400% | 9/15/26 | 6,000 | 6,465 | ||
Williams Cos. Inc. | 3.700% | 1/15/23 | 20,202 | 20,934 | ||
Williams Cos. Inc. | 4.500% | 11/15/23 | 12,525 | 13,459 | ||
Williams Cos. Inc. | 4.300% | 3/4/24 | 22,274 | 24,022 | ||
Williams Cos. Inc. | 4.550% | 6/24/24 | 21,846 | 23,944 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Williams Cos. Inc. | 3.900% | 1/15/25 | 17,747 | 19,257 | ||
Williams Cos. Inc. | 4.000% | 9/15/25 | 20,790 | 22,947 | ||
3,630,957 | ||||||
Financials (40.4%) | ||||||
AerCap Ireland Capital DAC | 3.300% | 1/23/23 | 17,130 | 17,688 | ||
AerCap Ireland Capital DAC | 4.125% | 7/3/23 | 18,704 | 19,741 | ||
AerCap Ireland Capital DAC | 4.500% | 9/15/23 | 27,821 | 29,695 | ||
AerCap Ireland Capital DAC | 4.875% | 1/16/24 | 26,432 | 28,647 | ||
AerCap Ireland Capital DAC | 3.150% | 2/15/24 | 17,931 | 18,746 | ||
AerCap Ireland Capital DAC | 2.875% | 8/14/24 | 17,810 | 18,569 | ||
AerCap Ireland Capital DAC | 3.500% | 1/15/25 | 16,777 | 17,766 | ||
AerCap Ireland Capital DAC | 6.500% | 7/15/25 | 32,966 | 38,508 | ||
AerCap Ireland Capital DAC | 4.450% | 10/1/25 | 15,895 | 17,430 | ||
AerCap Ireland Capital DAC | 1.750% | 1/30/26 | 16,658 | 16,485 | ||
Affiliated Managers Group Inc. | 4.250% | 2/15/24 | 5,601 | 6,081 | ||
Affiliated Managers Group Inc. | 3.500% | 8/1/25 | 14,007 | 15,258 | ||
Aflac Inc. | 3.625% | 11/15/24 | 29,932 | 32,733 | ||
Aflac Inc. | 3.250% | 3/17/25 | 11,482 | 12,426 | ||
Aflac Inc. | 1.125% | 3/15/26 | 15,255 | 15,336 | ||
Air Lease Corp. | 2.250% | 1/15/23 | 7,612 | 7,791 | ||
Air Lease Corp. | 2.750% | 1/15/23 | 14,855 | 15,279 | ||
Air Lease Corp. | 3.875% | 7/3/23 | 12,863 | 13,584 | ||
Air Lease Corp. | 3.000% | 9/15/23 | 13,150 | 13,708 | ||
1 | Air Lease Corp. | 4.250% | 2/1/24 | 23,594 | 25,422 | |
1 | Air Lease Corp. | 0.700% | 2/15/24 | 13,850 | 13,801 | |
Air Lease Corp. | 0.800% | 8/18/24 | 17,100 | 17,061 | ||
Air Lease Corp. | 4.250% | 9/15/24 | 13,147 | 14,307 | ||
1 | Air Lease Corp. | 2.300% | 2/1/25 | 17,743 | 18,332 | |
Air Lease Corp. | 3.250% | 3/1/25 | 13,209 | 14,030 | ||
Air Lease Corp. | 3.375% | 7/1/25 | 18,825 | 20,163 | ||
1 | Air Lease Corp. | 2.875% | 1/15/26 | 29,411 | 30,913 | |
1 | Air Lease Corp. | 3.750% | 6/1/26 | 12,767 | 13,942 | |
Air Lease Corp. | 1.875% | 8/17/26 | 25,283 | 25,362 | ||
Aircastle Ltd. | 5.000% | 4/1/23 | 11,676 | 12,427 | ||
Aircastle Ltd. | 4.400% | 9/25/23 | 13,839 | 14,763 | ||
Aircastle Ltd. | 4.125% | 5/1/24 | 9,959 | 10,615 | ||
Aircastle Ltd. | 4.250% | 6/15/26 | 14,015 | 15,412 | ||
Allied World Assurance Co. Holdings Ltd. | 4.350% | 10/29/25 | 7,574 | 8,276 | ||
Allstate Corp. | 3.150% | 6/15/23 | 12,438 | 13,060 | ||
Allstate Corp. | 0.750% | 12/15/25 | 7,507 | 7,459 | ||
1 | Allstate Corp. | 5.750% | 8/15/53 | 20,772 | 22,527 | |
Ally Financial Inc. | 4.625% | 5/19/22 | 13,006 | 13,386 | ||
Ally Financial Inc. | 3.050% | 6/5/23 | 1,550 | 1,611 | ||
Ally Financial Inc. | 1.450% | 10/2/23 | 32,390 | 32,882 | ||
Ally Financial Inc. | 3.875% | 5/21/24 | 16,560 | 17,855 | ||
Ally Financial Inc. | 5.125% | 9/30/24 | 27,976 | 31,445 | ||
Ally Financial Inc. | 4.625% | 3/30/25 | 18,255 | 20,384 | ||
Ally Financial Inc. | 5.800% | 5/1/25 | 14,391 | 16,652 | ||
American Express Co. | 2.650% | 12/2/22 | 43,109 | 44,406 | ||
American Express Co. | 3.400% | 2/27/23 | 44,805 | 46,720 | ||
American Express Co. | 3.700% | 8/3/23 | 28,524 | 30,253 | ||
American Express Co. | 3.400% | 2/22/24 | 30,392 | 32,415 | ||
American Express Co. | 2.500% | 7/30/24 | 27,720 | 29,188 | ||
American Express Co. | 3.000% | 10/30/24 | 33,008 | 35,356 | ||
American Express Co. | 3.625% | 12/5/24 | 14,704 | 16,028 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
American Express Co. | 4.200% | 11/6/25 | 11,996 | 13,612 | ||
American Express Co. | 3.125% | 5/20/26 | 24,205 | 26,421 | ||
American Financial Group Inc. | 3.500% | 8/15/26 | 8,300 | 9,079 | ||
American International Group Inc. | 4.125% | 2/15/24 | 28,425 | 30,790 | ||
American International Group Inc. | 2.500% | 6/30/25 | 41,962 | 44,140 | ||
American International Group Inc. | 3.750% | 7/10/25 | 29,050 | 31,867 | ||
American International Group Inc. | 3.900% | 4/1/26 | 27,689 | 30,771 | ||
Ameriprise Financial Inc. | 4.000% | 10/15/23 | 19,244 | 20,686 | ||
Ameriprise Financial Inc. | 3.700% | 10/15/24 | 11,603 | 12,670 | ||
Ameriprise Financial Inc. | 3.000% | 4/2/25 | 14,612 | 15,598 | ||
Aon Corp. | 2.200% | 11/15/22 | 10,649 | 10,884 | ||
Aon plc | 4.000% | 11/27/23 | 5,647 | 6,031 | ||
Aon plc | 3.500% | 6/14/24 | 9,619 | 10,316 | ||
Aon plc | 3.875% | 12/15/25 | 24,432 | 27,084 | ||
Ares Capital Corp. | 3.500% | 2/10/23 | 16,491 | 17,070 | ||
Ares Capital Corp. | 4.200% | 6/10/24 | 16,562 | 17,809 | ||
Ares Capital Corp. | 4.250% | 3/1/25 | 17,071 | 18,449 | ||
Ares Capital Corp. | 3.250% | 7/15/25 | 25,937 | 27,394 | ||
Ares Capital Corp. | 3.875% | 1/15/26 | 25,965 | 27,958 | ||
Ares Capital Corp. | 2.150% | 7/15/26 | 20,489 | 20,625 | ||
Aspen Insurance Holdings Ltd. | 4.650% | 11/15/23 | 6,460 | 7,002 | ||
Assurant Inc. | 4.200% | 9/27/23 | 8,290 | 8,864 | ||
Assured Guaranty US Holdings Inc. | 5.000% | 7/1/24 | 10,650 | 11,893 | ||
1 | Australia & New Zealand Banking Group Ltd. | 2.625% | 11/9/22 | 21,956 | 22,580 | |
1 | Australia & New Zealand Banking Group Ltd. | 2.050% | 11/21/22 | 20,306 | 20,753 | |
1 | Australia & New Zealand Banking Group Ltd. | 3.700% | 11/16/25 | 13,469 | 15,055 | |
Bain Capital Specialty Finance Inc. | 2.950% | 3/10/26 | 7,295 | 7,503 | ||
Banco Bilbao Vizcaya Argentaria SA | 0.875% | 9/18/23 | 25,920 | 26,047 | ||
Banco Bilbao Vizcaya Argentaria SA | 1.125% | 9/18/25 | 17,423 | 17,335 | ||
Banco Santander SA | 3.125% | 2/23/23 | 24,518 | 25,450 | ||
Banco Santander SA | 3.848% | 4/12/23 | 29,376 | 30,929 | ||
Banco Santander SA | 2.706% | 6/27/24 | 34,540 | 36,495 | ||
Banco Santander SA | 0.701% | 6/30/24 | 8,389 | 8,413 | ||
Banco Santander SA | 2.746% | 5/28/25 | 37,519 | 39,555 | ||
Banco Santander SA | 5.179% | 11/19/25 | 28,052 | 32,048 | ||
Banco Santander SA | 1.849% | 3/25/26 | 23,314 | 23,685 | ||
1 | BancorpSouth Bank | 4.125% | 11/20/29 | 1,275 | 1,344 | |
1 | Bank of America Corp. | 2.503% | 10/21/22 | 6,861 | 6,882 | |
1 | Bank of America Corp. | 3.300% | 1/11/23 | 60,528 | 63,039 | |
Bank of America Corp. | 4.100% | 7/24/23 | 41,270 | 44,174 | ||
1 | Bank of America Corp. | 3.004% | 12/20/23 | 163,026 | 168,303 | |
1 | Bank of America Corp. | 4.125% | 1/22/24 | 64,835 | 70,339 | |
1 | Bank of America Corp. | 3.550% | 3/5/24 | 79,840 | 83,411 | |
1 | Bank of America Corp. | 4.000% | 4/1/24 | 28,687 | 31,186 | |
1 | Bank of America Corp. | 1.486% | 5/19/24 | 23,373 | 23,757 | |
1 | Bank of America Corp. | 0.523% | 6/14/24 | 10,959 | 10,951 | |
1 | Bank of America Corp. | 3.864% | 7/23/24 | 53,025 | 56,205 | |
1 | Bank of America Corp. | 4.200% | 8/26/24 | 50,609 | 55,499 | |
1 | Bank of America Corp. | 0.810% | 10/24/24 | 46,380 | 46,555 | |
1 | Bank of America Corp. | 4.000% | 1/22/25 | 72,121 | 78,915 | |
1 | Bank of America Corp. | 3.458% | 3/15/25 | 64,125 | 68,468 | |
1 | Bank of America Corp. | 3.950% | 4/21/25 | 60,891 | 66,694 | |
Bank of America Corp. | 0.976% | 4/22/25 | 47,870 | 48,151 | ||
1 | Bank of America Corp. | 3.875% | 8/1/25 | 15,287 | 16,972 | |
1 | Bank of America Corp. | 0.981% | 9/25/25 | 52,973 | 53,145 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Bank of America Corp. | 3.093% | 10/1/25 | 57,598 | 61,333 | |
1 | Bank of America Corp. | 2.456% | 10/22/25 | 43,522 | 45,586 | |
1 | Bank of America Corp. | 3.366% | 1/23/26 | 46,046 | 49,462 | |
1 | Bank of America Corp. | 2.015% | 2/13/26 | 41,485 | 42,698 | |
1 | Bank of America Corp. | 4.450% | 3/3/26 | 53,490 | 60,333 | |
1 | Bank of America Corp. | 3.500% | 4/19/26 | 83,593 | 92,044 | |
1 | Bank of America Corp. | 1.319% | 6/19/26 | 76,872 | 77,119 | |
1 | Bank of America Corp. | 1.197% | 10/24/26 | 62,068 | 61,802 | |
1 | Bank of America Corp. | 1.658% | 3/11/27 | 69,000 | 69,763 | |
1 | Bank of America Corp. | 3.559% | 4/23/27 | 35,861 | 39,329 | |
Bank of America Corp. | 1.734% | 7/22/27 | 114,397 | 115,934 | ||
1 | Bank of Montreal | 2.350% | 9/11/22 | 18,689 | 19,100 | |
1 | Bank of Montreal | 2.050% | 11/1/22 | 14,397 | 14,698 | |
1 | Bank of Montreal | 2.550% | 11/6/22 | 14,992 | 15,367 | |
Bank of Montreal | 0.450% | 12/8/23 | 23,857 | 23,875 | ||
1 | Bank of Montreal | 3.300% | 2/5/24 | 49,003 | 52,273 | |
1 | Bank of Montreal | 2.500% | 6/28/24 | 12,423 | 13,076 | |
1 | Bank of Montreal | 1.850% | 5/1/25 | 39,401 | 40,721 | |
1 | Bank of Montreal | 0.949% | 1/22/27 | 25,391 | 25,128 | |
1 | Bank of Montreal | 4.338% | 10/5/28 | 6,735 | 7,201 | |
1 | Bank of New York Mellon Corp. | 1.850% | 1/27/23 | 14,711 | 15,031 | |
1 | Bank of New York Mellon Corp. | 2.950% | 1/29/23 | 17,576 | 18,204 | |
1 | Bank of New York Mellon Corp. | 3.500% | 4/28/23 | 17,511 | 18,442 | |
1 | Bank of New York Mellon Corp. | 2.661% | 5/16/23 | 17,557 | 17,851 | |
1 | Bank of New York Mellon Corp. | 3.450% | 8/11/23 | 21,104 | 22,388 | |
1 | Bank of New York Mellon Corp. | 2.200% | 8/16/23 | 27,628 | 28,574 | |
1 | Bank of New York Mellon Corp. | 0.350% | 12/7/23 | 22,200 | 22,203 | |
1 | Bank of New York Mellon Corp. | 3.650% | 2/4/24 | 11,279 | 12,112 | |
1 | Bank of New York Mellon Corp. | 0.500% | 4/26/24 | 9,700 | 9,692 | |
Bank of New York Mellon Corp. | 3.400% | 5/15/24 | 11,299 | 12,130 | ||
1 | Bank of New York Mellon Corp. | 3.250% | 9/11/24 | 8,798 | 9,468 | |
1 | Bank of New York Mellon Corp. | 2.100% | 10/24/24 | 14,565 | 15,246 | |
1 | Bank of New York Mellon Corp. | 3.000% | 2/24/25 | 16,330 | 17,553 | |
1 | Bank of New York Mellon Corp. | 1.600% | 4/24/25 | 23,445 | 24,087 | |
1 | Bank of New York Mellon Corp. | 3.950% | 11/18/25 | 7,145 | 8,005 | |
1 | Bank of New York Mellon Corp. | 0.750% | 1/28/26 | 5,531 | 5,494 | |
1 | Bank of New York Mellon Corp. | 2.800% | 5/4/26 | 18,500 | 19,933 | |
1 | Bank of New York Mellon Corp. | 2.450% | 8/17/26 | 13,130 | 13,950 | |
1 | Bank of Nova Scotia | 2.450% | 9/19/22 | 14,936 | 15,287 | |
Bank of Nova Scotia | 2.000% | 11/15/22 | 35,801 | 36,555 | ||
Bank of Nova Scotia | 2.375% | 1/18/23 | 9,281 | 9,549 | ||
Bank of Nova Scotia | 1.950% | 2/1/23 | 25,819 | 26,421 | ||
Bank of Nova Scotia | 1.625% | 5/1/23 | 37,907 | 38,745 | ||
Bank of Nova Scotia | 0.550% | 9/15/23 | 15,026 | 15,070 | ||
Bank of Nova Scotia | 3.400% | 2/11/24 | 19,484 | 20,796 | ||
Bank of Nova Scotia | 0.700% | 4/15/24 | 8,469 | 8,487 | ||
Bank of Nova Scotia | 0.650% | 7/31/24 | 15,390 | 15,402 | ||
Bank of Nova Scotia | 2.200% | 2/3/25 | 23,434 | 24,477 | ||
Bank of Nova Scotia | 1.300% | 6/11/25 | 33,429 | 33,823 | ||
Bank of Nova Scotia | 4.500% | 12/16/25 | 21,774 | 24,676 | ||
Bank of Nova Scotia | 1.050% | 3/2/26 | 23,217 | 23,092 | ||
Bank of Nova Scotia | 1.350% | 6/24/26 | 21,875 | 22,045 | ||
Bank of Nova Scotia | 2.700% | 8/3/26 | 28,685 | 30,674 | ||
1 | Bank of Nova Scotia | 4.650% | 4/12/70 | 4,050 | 4,097 | |
BankUnited Inc. | 4.875% | 11/17/25 | 9,267 | 10,545 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Barclays Bank plc | 3.750% | 5/15/24 | 5,268 | 5,713 | |
Barclays plc | 3.684% | 1/10/23 | 32,125 | 32,501 | ||
1 | Barclays plc | 4.338% | 5/16/24 | 47,338 | 50,235 | |
Barclays plc | 4.375% | 9/11/24 | 19,431 | 21,210 | ||
Barclays plc | 1.007% | 12/10/24 | 18,981 | 19,069 | ||
Barclays plc | 3.650% | 3/16/25 | 46,649 | 50,567 | ||
1 | Barclays plc | 3.932% | 5/7/25 | 44,288 | 47,717 | |
Barclays plc | 4.375% | 1/12/26 | 62,936 | 70,805 | ||
1 | Barclays plc | 2.852% | 5/7/26 | 53,985 | 57,101 | |
Barclays plc | 5.200% | 5/12/26 | 20,283 | 23,334 | ||
BBVA USA | 2.500% | 8/27/24 | 14,155 | 14,904 | ||
1 | BBVA USA | 3.875% | 4/10/25 | 14,082 | 15,517 | |
Berkshire Hathaway Inc. | 3.000% | 2/11/23 | 7,429 | 7,722 | ||
Berkshire Hathaway Inc. | 2.750% | 3/15/23 | 49,711 | 51,405 | ||
Berkshire Hathaway Inc. | 3.125% | 3/15/26 | 53,220 | 58,232 | ||
BGC Partners Inc. | 5.375% | 7/24/23 | 10,099 | 10,878 | ||
BGC Partners Inc. | 3.750% | 10/1/24 | 6,158 | 6,549 | ||
BlackRock Inc. | 3.500% | 3/18/24 | 23,881 | 25,748 | ||
Blackstone Secured Lending Fund | 3.650% | 7/14/23 | 5,162 | 5,389 | ||
Blackstone Secured Lending Fund | 3.625% | 1/15/26 | 16,644 | 17,711 | ||
1 | BNP Paribas SA | 3.250% | 3/3/23 | ��� 18,974 | 19,844 | |
1 | BNP Paribas SA | 4.250% | 10/15/24 | 22,650 | 24,859 | |
3 | BNP Paribas SA | 2.819% | 11/19/25 | 1,800 | 1,891 | |
3 | BPCE SA | 3.000% | 5/22/22 | 4,300 | 4,384 | |
BPCE SA | 4.000% | 4/15/24 | 31,973 | 34,837 | ||
Brookfield Asset Management Inc. | 4.000% | 1/15/25 | 8,198 | 8,973 | ||
Brookfield Finance Inc. | 4.000% | 4/1/24 | 19,509 | 21,046 | ||
Brookfield Finance Inc. | 4.250% | 6/2/26 | 8,097 | 9,133 | ||
Brown & Brown Inc. | 4.200% | 9/15/24 | 11,089 | 12,124 | ||
3 | Business Development Corp. of America | 3.250% | 3/30/26 | 7,763 | 7,905 | |
Canadian Imperial Bank of Commerce | 0.450% | 6/22/23 | 21,226 | 21,226 | ||
Canadian Imperial Bank of Commerce | 0.950% | 6/23/23 | 19,699 | 19,881 | ||
1 | Canadian Imperial Bank of Commerce | 3.500% | 9/13/23 | 29,223 | 31,077 | |
Canadian Imperial Bank of Commerce | 0.500% | 12/14/23 | 18,795 | 18,776 | ||
Canadian Imperial Bank of Commerce | 3.100% | 4/2/24 | 13,209 | 14,029 | ||
Canadian Imperial Bank of Commerce | 2.250% | 1/28/25 | 20,689 | 21,611 | ||
Canadian Imperial Bank of Commerce | 0.950% | 10/23/25 | 8,584 | 8,570 | ||
Canadian Imperial Bank of Commerce | 1.250% | 6/22/26 | 26,056 | 26,046 | ||
Capital One Bank USA NA | 3.375% | 2/15/23 | 37,348 | 38,914 | ||
1 | Capital One Bank USA NA | 2.280% | 1/28/26 | 1,150 | 1,195 | |
Capital One Financial Corp. | 3.200% | 1/30/23 | 19,498 | 20,229 | ||
Capital One Financial Corp. | 2.600% | 5/11/23 | 40,275 | 41,702 | ||
Capital One Financial Corp. | 3.500% | 6/15/23 | 33,777 | 35,587 | ||
Capital One Financial Corp. | 3.900% | 1/29/24 | 25,151 | 27,007 | ||
Capital One Financial Corp. | 3.750% | 4/24/24 | 17,560 | 18,898 | ||
Capital One Financial Corp. | 3.300% | 10/30/24 | 24,818 | 26,679 | ||
Capital One Financial Corp. | 3.200% | 2/5/25 | 37,655 | 40,493 | ||
Capital One Financial Corp. | 4.250% | 4/30/25 | 8,903 | 9,922 | ||
Capital One Financial Corp. | 4.200% | 10/29/25 | 30,075 | 33,533 | ||
Capital One Financial Corp. | 3.750% | 7/28/26 | 34,442 | 38,079 | ||
1 | Capital One NA | 2.150% | 9/6/22 | 6,923 | 7,041 | |
Charles Schwab Corp. | 3.225% | 9/1/22 | 1,500 | 1,543 | ||
Charles Schwab Corp. | 2.650% | 1/25/23 | 22,711 | 23,415 | ||
Charles Schwab Corp. | 3.550% | 2/1/24 | 11,002 | 11,804 | ||
Charles Schwab Corp. | 0.750% | 3/18/24 | 36,074 | 36,307 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Charles Schwab Corp. | 3.000% | 3/10/25 | 11,833 | 12,679 | ||
Charles Schwab Corp. | 4.200% | 3/24/25 | 8,600 | 9,588 | ||
Charles Schwab Corp. | 3.850% | 5/21/25 | 18,884 | 20,844 | ||
Charles Schwab Corp. | 3.450% | 2/13/26 | 8,828 | 9,739 | ||
Charles Schwab Corp. | 0.900% | 3/11/26 | 21,828 | 21,751 | ||
Charles Schwab Corp. | 1.150% | 5/13/26 | 27,838 | 28,019 | ||
Chubb INA Holdings Inc. | 2.875% | 11/3/22 | 26,035 | 26,726 | ||
Chubb INA Holdings Inc. | 2.700% | 3/13/23 | 14,425 | 14,952 | ||
Chubb INA Holdings Inc. | 3.350% | 5/15/24 | 19,097 | 20,515 | ||
Chubb INA Holdings Inc. | 3.150% | 3/15/25 | 19,556 | 21,128 | ||
Chubb INA Holdings Inc. | 3.350% | 5/3/26 | 30,013 | 33,001 | ||
1 | CIT Bank NA | 2.969% | 9/27/25 | 5,262 | 5,553 | |
1 | Citibank NA | 3.650% | 1/23/24 | 42,736 | 45,799 | |
Citigroup Inc. | 2.700% | 10/27/22 | 28,880 | 29,632 | ||
Citigroup Inc. | 3.375% | 3/1/23 | 9,251 | 9,670 | ||
Citigroup Inc. | 3.500% | 5/15/23 | 26,895 | 28,248 | ||
Citigroup Inc. | 3.875% | 10/25/23 | 19,822 | 21,306 | ||
1 | Citigroup Inc. | 1.678% | 5/15/24 | 24,103 | 24,602 | |
1 | Citigroup Inc. | 4.044% | 6/1/24 | 26,928 | 28,569 | |
Citigroup Inc. | 3.750% | 6/16/24 | 19,081 | 20,696 | ||
Citigroup Inc. | 4.000% | 8/5/24 | 12,029 | 13,078 | ||
Citigroup Inc. | 0.776% | 10/30/24 | 43,476 | 43,613 | ||
Citigroup Inc. | 3.875% | 3/26/25 | 30,652 | 33,533 | ||
1 | Citigroup Inc. | 3.352% | 4/24/25 | 72,374 | 77,147 | |
Citigroup Inc. | 3.300% | 4/27/25 | 27,686 | 30,030 | ||
Citigroup Inc. | 0.981% | 5/1/25 | 11,590 | 11,643 | ||
Citigroup Inc. | 4.400% | 6/10/25 | 51,493 | 57,330 | ||
Citigroup Inc. | 5.500% | 9/13/25 | 30,341 | 35,252 | ||
Citigroup Inc. | 3.700% | 1/12/26 | 43,166 | 47,705 | ||
Citigroup Inc. | 4.600% | 3/9/26 | 34,865 | 39,732 | ||
1 | Citigroup Inc. | 3.106% | 4/8/26 | 89,866 | 96,092 | |
Citigroup Inc. | 3.400% | 5/1/26 | 55,876 | 61,233 | ||
Citigroup Inc. | 1.122% | 1/28/27 | 51,360 | 50,955 | ||
Citigroup Inc. | 1.462% | 6/9/27 | 20,225 | 20,258 | ||
1 | Citizens Bank NA | 3.700% | 3/29/23 | 23,684 | 24,824 | |
1 | Citizens Bank NA | 2.250% | 4/28/25 | 9,764 | 10,210 | |
1 | Citizens Bank NA | 3.750% | 2/18/26 | 13,614 | 15,087 | |
Citizens Financial Group Inc. | 4.300% | 12/3/25 | 2,010 | 2,241 | ||
Citizens Financial Group Inc. | 2.850% | 7/27/26 | 11,948 | 12,779 | ||
Citizens Financial Group Inc. | 4.300% | 2/11/31 | 3,691 | 4,055 | ||
CME Group Inc. | 3.000% | 9/15/22 | 16,177 | 16,633 | ||
CME Group Inc. | 3.000% | 3/15/25 | 16,354 | 17,522 | ||
CNA Financial Corp. | 3.950% | 5/15/24 | 11,754 | 12,678 | ||
CNA Financial Corp. | 4.500% | 3/1/26 | 9,242 | 10,476 | ||
CNO Financial Group Inc. | 5.250% | 5/30/25 | 14,275 | 16,158 | ||
1 | Comerica Bank | 2.500% | 7/23/24 | 9,890 | 10,407 | |
1 | Comerica Bank | 4.000% | 7/27/25 | 4,817 | 5,320 | |
Comerica Inc. | 3.700% | 7/31/23 | 22,277 | 23,607 | ||
Cooperatieve Rabobank UA | 3.950% | 11/9/22 | 23,348 | 24,315 | ||
Cooperatieve Rabobank UA | 2.750% | 1/10/23 | 27,363 | 28,284 | ||
Cooperatieve Rabobank UA | 4.625% | 12/1/23 | 37,556 | 40,853 | ||
Cooperatieve Rabobank UA | 0.375% | 1/12/24 | 18,900 | 18,869 | ||
1 | Cooperatieve Rabobank UA | 3.375% | 5/21/25 | 31,265 | 34,183 | |
Cooperatieve Rabobank UA | 4.375% | 8/4/25 | 27,079 | 30,243 | ||
1 | Cooperatieve Rabobank UA | 3.750% | 7/21/26 | 32,544 | 36,033 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Credit Suisse AG | 1.000% | 5/5/23 | 42,786 | 43,218 | ||
1 | Credit Suisse AG | 0.520% | 8/9/23 | 10,000 | 10,021 | |
Credit Suisse AG | 0.495% | 2/2/24 | 22,750 | 22,720 | ||
1 | Credit Suisse AG | 3.625% | 9/9/24 | 80,754 | 87,486 | |
Credit Suisse AG | 2.950% | 4/9/25 | 46,398 | 49,556 | ||
Credit Suisse AG | 1.250% | 8/7/26 | 32,100 | 31,933 | ||
Credit Suisse Group AG | 3.800% | 6/9/23 | 31,860 | 33,603 | ||
Credit Suisse Group AG | 3.750% | 3/26/25 | 45,227 | 49,073 | ||
Credit Suisse Group AG | 4.550% | 4/17/26 | 43,399 | 49,186 | ||
Credit Suisse Group Funding Guernsey Ltd. | 3.800% | 9/15/22 | 39,217 | 40,604 | ||
1 | Deutsche Bank AG | 3.300% | 11/16/22 | 18,968 | 19,596 | |
Deutsche Bank AG | 3.950% | 2/27/23 | 27,177 | 28,475 | ||
Deutsche Bank AG | 0.898% | 5/28/24 | 6,415 | 6,419 | ||
1 | Deutsche Bank AG | 3.700% | 5/30/24 | 40,436 | 43,277 | |
1 | Deutsche Bank AG | 2.222% | 9/18/24 | 53,898 | 55,303 | |
Deutsche Bank AG | 1.447% | 4/1/25 | 2,749 | 2,770 | ||
1 | Deutsche Bank AG | 3.961% | 11/26/25 | 23,101 | 25,078 | |
1 | Deutsche Bank AG | 4.100% | 1/13/26 | 22,018 | 24,168 | |
Deutsche Bank AG | 1.686% | 3/19/26 | 19,805 | 20,061 | ||
Deutsche Bank AG | 2.129% | 11/24/26 | 43,330 | 44,251 | ||
1 | Discover Bank | 3.350% | 2/6/23 | 25,701 | 26,711 | |
1 | Discover Bank | 4.200% | 8/8/23 | 20,095 | 21,521 | |
Discover Bank | 2.450% | 9/12/24 | 18,879 | 19,726 | ||
1 | Discover Bank | 4.250% | 3/13/26 | 1,818 | 2,046 | |
1 | Discover Bank | 3.450% | 7/27/26 | 24,746 | 27,007 | |
1 | Discover Bank | 4.682% | 8/9/28 | 10,433 | 11,079 | |
Discover Financial Services | 3.850% | 11/21/22 | 26,776 | 27,887 | ||
Discover Financial Services | 3.950% | 11/6/24 | 9,596 | 10,448 | ||
Discover Financial Services | 3.750% | 3/4/25 | 10,018 | 10,881 | ||
Discover Financial Services | 4.500% | 1/30/26 | 19,805 | 22,371 | ||
Eaton Vance Corp. | 3.625% | 6/15/23 | 7,145 | 7,534 | ||
Equitable Holdings Inc. | 3.900% | 4/20/23 | 11,010 | 11,593 | ||
Fidelity National Financial Inc. | 5.500% | 9/1/22 | 7,976 | 8,369 | ||
Fifth Third Bancorp | 1.625% | 5/5/23 | 13,911 | 14,184 | ||
Fifth Third Bancorp | 4.300% | 1/16/24 | 15,453 | 16,690 | ||
Fifth Third Bancorp | 3.650% | 1/25/24 | 49,530 | 52,979 | ||
Fifth Third Bancorp | 2.375% | 1/28/25 | 15,239 | 15,943 | ||
1 | Fifth Third Bank NA | 1.800% | 1/30/23 | 16,798 | 17,149 | |
1 | Fifth Third Bank NA | 3.950% | 7/28/25 | 12,172 | 13,612 | |
1 | Fifth Third Bank NA | 3.850% | 3/15/26 | 11,394 | 12,673 | |
First American Financial Corp. | 4.600% | 11/15/24 | 4,987 | 5,508 | ||
First Horizon Corp. | 3.550% | 5/26/23 | 6,644 | 6,959 | ||
First Horizon Corp. | 4.000% | 5/26/25 | 10,629 | 11,679 | ||
1 | First Republic Bank | 1.912% | 2/12/24 | 11,812 | 12,046 | |
FNB Corp. | 2.200% | 2/24/23 | 4,517 | 4,589 | ||
Franklin Resources Inc. | 2.800% | 9/15/22 | 7,233 | 7,420 | ||
Franklin Resources Inc. | 2.850% | 3/30/25 | 9,757 | 10,432 | ||
FS KKR Capital Corp. | 4.625% | 7/15/24 | 10,906 | 11,755 | ||
FS KKR Capital Corp. | 4.125% | 2/1/25 | 10,525 | 11,201 | ||
FS KKR Capital Corp. | 3.400% | 1/15/26 | 22,237 | 23,227 | ||
GATX Corp. | 3.900% | 3/30/23 | 1,775 | 1,863 | ||
GATX Corp. | 4.350% | 2/15/24 | 5,933 | 6,422 | ||
GATX Corp. | 3.250% | 3/30/25 | 4,106 | 4,386 | ||
GE Capital Funding LLC | 3.450% | 5/15/25 | 29,778 | 32,267 | ||
GE Capital International Funding Co. Unlimited Co. | 3.373% | 11/15/25 | 41,822 | 45,721 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Global Payments Inc. | 3.750% | 6/1/23 | 12,501 | 13,092 | ||
Global Payments Inc. | 4.000% | 6/1/23 | 16,535 | 17,469 | ||
Global Payments Inc. | 2.650% | 2/15/25 | 29,602 | 31,118 | ||
Global Payments Inc. | 4.800% | 4/1/26 | 12,229 | 13,990 | ||
Globe Life Inc. | 3.800% | 9/15/22 | 3,670 | 3,798 | ||
Goldman Sachs BDC Inc. | 3.750% | 2/10/25 | 8,662 | 9,252 | ||
Goldman Sachs BDC Inc. | 2.875% | 1/15/26 | 10,975 | 11,360 | ||
Goldman Sachs Group Inc. | 3.625% | 1/22/23 | 36,958 | 38,650 | ||
1 | Goldman Sachs Group Inc. | 0.481% | 1/27/23 | 52,454 | 52,470 | |
Goldman Sachs Group Inc. | 3.200% | 2/23/23 | 38,532 | 40,037 | ||
Goldman Sachs Group Inc. | 0.523% | 3/8/23 | 24,574 | 24,593 | ||
1 | Goldman Sachs Group Inc. | 0.627% | 11/17/23 | 48,432 | 48,500 | |
Goldman Sachs Group Inc. | 3.625% | 2/20/24 | 44,681 | 47,814 | ||
Goldman Sachs Group Inc. | 4.000% | 3/3/24 | 58,486 | 63,326 | ||
Goldman Sachs Group Inc. | 0.673% | 3/8/24 | 38,459 | 38,521 | ||
1 | Goldman Sachs Group Inc. | 3.850% | 7/8/24 | 26,878 | 29,053 | |
1 | Goldman Sachs Group Inc. | 0.657% | 9/10/24 | 56,399 | 56,354 | |
Goldman Sachs Group Inc. | 3.500% | 1/23/25 | 47,373 | 51,041 | ||
Goldman Sachs Group Inc. | 3.500% | 4/1/25 | 93,326 | 101,013 | ||
Goldman Sachs Group Inc. | 3.750% | 5/22/25 | 30,627 | 33,393 | ||
1 | Goldman Sachs Group Inc. | 3.272% | 9/29/25 | 35,577 | 38,113 | |
Goldman Sachs Group Inc. | 4.250% | 10/21/25 | 55,058 | 61,437 | ||
Goldman Sachs Group Inc. | 0.855% | 2/12/26 | 6,095 | 6,059 | ||
Goldman Sachs Group Inc. | 3.750% | 2/25/26 | 36,769 | 40,638 | ||
1 | Goldman Sachs Group Inc. | 1.093% | 12/9/26 | 72,850 | 72,316 | |
Goldman Sachs Group Inc. | 1.431% | 3/9/27 | 54,140 | 54,259 | ||
Golub Capital BDC Inc. | 3.375% | 4/15/24 | 8,705 | 9,119 | ||
Golub Capital BDC Inc. | 2.500% | 8/24/26 | 7,822 | 7,957 | ||
Hanover Insurance Group Inc. | 4.500% | 4/15/26 | 7,579 | 8,576 | ||
HSBC Holdings plc | 3.600% | 5/25/23 | 40,475 | 42,692 | ||
1 | HSBC Holdings plc | 3.033% | 11/22/23 | 26,107 | 26,952 | |
HSBC Holdings plc | 4.250% | 3/14/24 | 46,474 | 50,116 | ||
1 | HSBC Holdings plc | 3.950% | 5/18/24 | 50,395 | 53,274 | |
HSBC Holdings plc | 0.732% | 8/17/24 | 17,000 | 17,027 | ||
1 | HSBC Holdings plc | 3.803% | 3/11/25 | 64,581 | 69,215 | |
HSBC Holdings plc | 0.976% | 5/24/25 | 36,475 | 36,504 | ||
HSBC Holdings plc | 4.250% | 8/18/25 | 23,881 | 26,401 | ||
1 | HSBC Holdings plc | 2.633% | 11/7/25 | 30,727 | 32,151 | |
HSBC Holdings plc | 4.300% | 3/8/26 | 54,872 | 61,829 | ||
1 | HSBC Holdings plc | 1.645% | 4/18/26 | 42,076 | 42,601 | |
HSBC Holdings plc | 3.900% | 5/25/26 | 55,382 | 61,550 | ||
1 | HSBC Holdings plc | 2.099% | 6/4/26 | 53,784 | 55,301 | |
1 | HSBC Holdings plc | 4.292% | 9/12/26 | 61,173 | 67,940 | |
HSBC Holdings plc | 1.589% | 5/24/27 | 56,598 | 56,785 | ||
HSBC USA Inc. | 3.500% | 6/23/24 | 22,816 | 24,579 | ||
Huntington Bancshares Inc. | 2.625% | 8/6/24 | 19,161 | 20,161 | ||
Huntington Bancshares Inc. | 4.000% | 5/15/25 | 3,033 | 3,358 | ||
Huntington National Bank | 1.800% | 2/3/23 | 22,192 | 22,641 | ||
1 | Huntington National Bank | 3.550% | 10/6/23 | 18,094 | 19,228 | |
ING Groep NV | 4.100% | 10/2/23 | 28,424 | 30,512 | ||
ING Groep NV | 3.550% | 4/9/24 | 26,796 | 28,793 | ||
ING Groep NV | 1.726% | 4/1/27 | 22,862 | 23,171 | ||
Intercontinental Exchange Inc. | 2.350% | 9/15/22 | 17,674 | 18,015 | ||
Intercontinental Exchange Inc. | 0.700% | 6/15/23 | 20,372 | 20,461 | ||
Intercontinental Exchange Inc. | 3.450% | 9/21/23 | 8,810 | 9,330 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Intercontinental Exchange Inc. | 4.000% | 10/15/23 | 15,926 | 17,077 | ||
Intercontinental Exchange Inc. | 3.750% | 12/1/25 | 23,093 | 25,512 | ||
3 | Intesa Sanpaolo SpA | 3.375% | 1/12/23 | 2,450 | 2,540 | |
Intesa Sanpaolo SpA | 5.250% | 1/12/24 | 10,667 | 11,723 | ||
Invesco Finance plc | 3.125% | 11/30/22 | 11,781 | 12,181 | ||
Invesco Finance plc | 4.000% | 1/30/24 | 11,400 | 12,292 | ||
Invesco Finance plc | 3.750% | 1/15/26 | 13,526 | 14,958 | ||
Janus Capital Group Inc. | 4.875% | 8/1/25 | 5,584 | 6,295 | ||
Jefferies Financial Group Inc. | 5.500% | 10/18/23 | 17,048 | 18,215 | ||
Jefferies Group LLC | 5.125% | 1/20/23 | 15,438 | 16,390 | ||
JPMorgan Chase & Co. | 3.250% | 9/23/22 | 53,850 | 55,587 | ||
JPMorgan Chase & Co. | 2.972% | 1/15/23 | 31,577 | 31,894 | ||
JPMorgan Chase & Co. | 3.200% | 1/25/23 | 21,126 | 21,996 | ||
JPMorgan Chase & Co. | 3.375% | 5/1/23 | 53,171 | 55,722 | ||
JPMorgan Chase & Co. | 2.700% | 5/18/23 | 51,962 | 53,895 | ||
JPMorgan Chase & Co. | 3.875% | 2/1/24 | 29,412 | 31,778 | ||
JPMorgan Chase & Co. | 0.697% | 3/16/24 | 20,893 | 20,960 | ||
1 | JPMorgan Chase & Co. | 3.559% | 4/23/24 | 53,710 | 56,414 | |
JPMorgan Chase & Co. | 3.625% | 5/13/24 | 45,356 | 49,030 | ||
1 | JPMorgan Chase & Co. | 1.514% | 6/1/24 | 30,106 | 30,659 | |
1 | JPMorgan Chase & Co. | 3.797% | 7/23/24 | 45,547 | 48,328 | |
JPMorgan Chase & Co. | 3.875% | 9/10/24 | 50,828 | 55,317 | ||
1 | JPMorgan Chase & Co. | 0.653% | 9/16/24 | 40,527 | 40,639 | |
1 | JPMorgan Chase & Co. | 4.023% | 12/5/24 | 70,927 | 76,182 | |
JPMorgan Chase & Co. | 3.125% | 1/23/25 | 54,765 | 58,626 | ||
JPMorgan Chase & Co. | 0.563% | 2/16/25 | 10,407 | 10,376 | ||
1 | JPMorgan Chase & Co. | 3.220% | 3/1/25 | 44,095 | 46,768 | |
JPMorgan Chase & Co. | 0.824% | 6/1/25 | 41,625 | 41,687 | ||
JPMorgan Chase & Co. | 0.969% | 6/23/25 | 54,995 | 55,167 | ||
JPMorgan Chase & Co. | 3.900% | 7/15/25 | 44,160 | 48,683 | ||
JPMorgan Chase & Co. | 7.750% | 7/15/25 | 1,336 | 1,673 | ||
JPMorgan Chase & Co. | 0.768% | 8/9/25 | 6,000 | 5,988 | ||
1 | JPMorgan Chase & Co. | 2.301% | 10/15/25 | 51,197 | 53,276 | |
1 | JPMorgan Chase & Co. | 2.005% | 3/13/26 | 66,456 | 68,533 | |
JPMorgan Chase & Co. | 3.300% | 4/1/26 | 64,840 | 70,794 | ||
1 | JPMorgan Chase & Co. | 2.083% | 4/22/26 | 90,698 | 93,679 | |
JPMorgan Chase & Co. | 3.200% | 6/15/26 | 20,432 | 22,241 | ||
JPMorgan Chase & Co. | 1.045% | 11/19/26 | 69,900 | 69,279 | ||
1 | JPMorgan Chase & Co. | 3.960% | 1/29/27 | 23,640 | 26,308 | |
JPMorgan Chase & Co. | 1.040% | 2/4/27 | 72,345 | 71,431 | ||
JPMorgan Chase & Co. | 1.578% | 4/22/27 | 105,385 | 106,354 | ||
Kemper Corp. | 4.350% | 2/15/25 | 7,718 | 8,443 | ||
1 | KeyBank NA | 2.300% | 9/14/22 | 19,629 | 20,046 | |
1 | KeyBank NA | 3.375% | 3/7/23 | 14,769 | 15,445 | |
1 | KeyBank NA | 1.250% | 3/10/23 | 23,967 | 24,306 | |
1 | KeyBank NA | 0.423% | 1/3/24 | 22,345 | 22,353 | |
1 | KeyBank NA | 0.433% | 6/14/24 | 12,150 | 12,149 | |
1 | KeyBank NA | 3.300% | 6/1/25 | 9,418 | 10,275 | |
1 | KeyBank NA | 3.400% | 5/20/26 | 19,093 | 20,897 | |
1 | KeyCorp | 4.150% | 10/29/25 | 4,918 | 5,530 | |
Lazard Group LLC | 3.750% | 2/13/25 | 8,271 | 8,989 | ||
Legg Mason Inc. | 4.750% | 3/15/26 | 9,444 | 10,932 | ||
Lincoln National Corp. | 4.000% | 9/1/23 | 10,676 | 11,411 | ||
Lincoln National Corp. | 3.350% | 3/9/25 | 4,142 | 4,486 | ||
Lloyds Bank plc | 3.500% | 5/14/25 | 2,625 | 2,851 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Lloyds Banking Group plc | 1.326% | 6/15/23 | 16,093 | 16,204 | |
Lloyds Banking Group plc | 4.050% | 8/16/23 | 45,111 | 48,167 | ||
1 | Lloyds Banking Group plc | 2.907% | 11/7/23 | 34,282 | 35,232 | |
Lloyds Banking Group plc | 3.900% | 3/12/24 | 23,612 | 25,480 | ||
Lloyds Banking Group plc | 0.695% | 5/11/24 | 1,376 | 1,381 | ||
Lloyds Banking Group plc | 4.500% | 11/4/24 | 29,359 | 32,413 | ||
Lloyds Banking Group plc | 4.450% | 5/8/25 | 18,056 | 20,212 | ||
1 | Lloyds Banking Group plc | 3.870% | 7/9/25 | 54,897 | 59,323 | |
Lloyds Banking Group plc | 4.582% | 12/10/25 | 34,344 | 38,705 | ||
1 | Lloyds Banking Group plc | 2.438% | 2/5/26 | 26,431 | 27,551 | |
Lloyds Banking Group plc | 4.650% | 3/24/26 | 28,665 | 32,478 | ||
Lloyds Banking Group plc | 1.627% | 5/11/27 | 3,941 | 3,958 | ||
Loews Corp. | 2.625% | 5/15/23 | 8,646 | 8,930 | ||
Loews Corp. | 3.750% | 4/1/26 | 8,706 | 9,686 | ||
M&T Bank Corp. | 3.550% | 7/26/23 | 21,205 | 22,443 | ||
Main Street Capital Corp. | 5.200% | 5/1/24 | 10,632 | 11,544 | ||
Main Street Capital Corp. | 3.000% | 7/14/26 | 6,317 | 6,528 | ||
1 | Manufacturers & Traders Trust Co. | 2.900% | 2/6/25 | 10,275 | 10,982 | |
Manulife Financial Corp. | 4.150% | 3/4/26 | 21,400 | 24,158 | ||
Marsh & McLennan Cos. Inc. | 3.300% | 3/14/23 | 4,705 | 4,896 | ||
Marsh & McLennan Cos. Inc. | 3.875% | 3/15/24 | 21,626 | 23,342 | ||
Marsh & McLennan Cos. Inc. | 3.500% | 6/3/24 | 12,001 | 12,862 | ||
Marsh & McLennan Cos. Inc. | 3.500% | 3/10/25 | 14,437 | 15,668 | ||
Marsh & McLennan Cos. Inc. | 3.750% | 3/14/26 | 16,403 | 18,208 | ||
Mastercard Inc. | 3.375% | 4/1/24 | 22,536 | 24,198 | ||
Mastercard Inc. | 2.000% | 3/3/25 | 19,669 | 20,544 | ||
1 | MetLife Inc. | 4.368% | 9/15/23 | 27,457 | 29,636 | |
MetLife Inc. | 3.600% | 4/10/24 | 18,369 | 19,815 | ||
MetLife Inc. | 3.000% | 3/1/25 | 14,390 | 15,435 | ||
MetLife Inc. | 3.600% | 11/13/25 | 7,374 | 8,135 | ||
Mitsubishi UFJ Financial Group Inc. | 3.455% | 3/2/23 | 38,842 | 40,647 | ||
Mitsubishi UFJ Financial Group Inc. | 3.761% | 7/26/23 | 59,967 | 63,757 | ||
Mitsubishi UFJ Financial Group Inc. | 2.527% | 9/13/23 | 13,462 | 14,030 | ||
Mitsubishi UFJ Financial Group Inc. | 3.407% | 3/7/24 | 41,847 | 44,733 | ||
Mitsubishi UFJ Financial Group Inc. | 2.801% | 7/18/24 | 24,220 | 25,609 | ||
1 | Mitsubishi UFJ Financial Group Inc. | 0.848% | 9/15/24 | 30,616 | 30,764 | |
Mitsubishi UFJ Financial Group Inc. | 2.193% | 2/25/25 | 62,161 | 64,656 | ||
Mitsubishi UFJ Financial Group Inc. | 3.777% | 3/2/25 | 610 | 668 | ||
Mitsubishi UFJ Financial Group Inc. | 1.412% | 7/17/25 | 33,062 | 33,461 | ||
Mitsubishi UFJ Financial Group Inc. | 0.953% | 7/19/25 | 44,367 | 44,535 | ||
Mitsubishi UFJ Financial Group Inc. | 3.850% | 3/1/26 | 26,412 | 29,461 | ||
Mitsubishi UFJ Financial Group Inc. | 1.538% | 7/20/27 | 81,567 | 82,057 | ||
Mizuho Financial Group Inc. | 2.601% | 9/11/22 | 26,672 | 27,303 | ||
Mizuho Financial Group Inc. | 3.549% | 3/5/23 | 17,330 | 18,159 | ||
1 | Mizuho Financial Group Inc. | 1.241% | 7/10/24 | 23,711 | 23,990 | |
1 | Mizuho Financial Group Inc. | 0.849% | 9/8/24 | 17,505 | 17,584 | |
1 | Mizuho Financial Group Inc. | 3.922% | 9/11/24 | 25,893 | 27,594 | |
1 | Mizuho Financial Group Inc. | 2.839% | 7/16/25 | 14,404 | 15,192 | |
1 | Mizuho Financial Group Inc. | 2.555% | 9/13/25 | 11,375 | 11,924 | |
1 | Mizuho Financial Group Inc. | 2.226% | 5/25/26 | 16,557 | 17,147 | |
Mizuho Financial Group Inc. | 1.234% | 5/22/27 | 29,850 | 29,585 | ||
Mizuho Financial Group Inc. | 1.554% | 7/9/27 | 10,225 | 10,285 | ||
Morgan Stanley | 4.875% | 11/1/22 | 47,552 | 49,993 | ||
1 | Morgan Stanley | 3.125% | 1/23/23 | 53,887 | 55,961 | |
1 | Morgan Stanley | 3.750% | 2/25/23 | 69,663 | 73,131 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Morgan Stanley | 4.100% | 5/22/23 | 44,340 | 47,004 | |
1 | Morgan Stanley | 0.560% | 11/10/23 | 27,706 | 27,748 | |
1 | Morgan Stanley | 0.529% | 1/25/24 | 44,539 | 44,579 | |
Morgan Stanley | 0.731% | 4/5/24 | 33,292 | 33,410 | ||
1 | Morgan Stanley | 3.737% | 4/24/24 | 70,808 | 74,525 | |
1 | Morgan Stanley | 3.875% | 4/29/24 | 67,372 | 72,955 | |
1 | Morgan Stanley | 3.700% | 10/23/24 | 54,323 | 59,153 | |
Morgan Stanley | 0.790% | 5/30/25 | 79,073 | 78,927 | ||
1 | Morgan Stanley | 2.720% | 7/22/25 | 52,219 | 54,880 | |
1 | Morgan Stanley | 4.000% | 7/23/25 | 65,030 | 72,116 | |
1 | Morgan Stanley | 0.864% | 10/21/25 | 26,160 | 26,155 | |
Morgan Stanley | 5.000% | 11/24/25 | 49,832 | 57,365 | ||
1 | Morgan Stanley | 3.875% | 1/27/26 | 65,261 | 72,731 | |
1 | Morgan Stanley | 2.188% | 4/28/26 | 61,705 | 64,105 | |
1 | Morgan Stanley | 3.125% | 7/27/26 | 86,427 | 93,755 | |
1 | Morgan Stanley | 6.250% | 8/9/26 | 8,586 | 10,563 | |
Morgan Stanley | 0.985% | 12/10/26 | 60,202 | 59,485 | ||
Morgan Stanley | 1.593% | 5/4/27 | 73,034 | 73,753 | ||
1 | Morgan Stanley | 1.512% | 7/20/27 | 64,920 | 65,188 | |
MUFG Americas Holdings Corp. | 3.500% | 6/18/22 | 11,929 | 12,230 | ||
MUFG Americas Holdings Corp. | 3.000% | 2/10/25 | 9,168 | 9,785 | ||
1 | MUFG Union Bank NA | 2.100% | 12/9/22 | 22,327 | 22,809 | |
Nasdaq Inc. | 0.445% | 12/21/22 | 1,200 | 1,200 | ||
Nasdaq Inc. | 4.250% | 6/1/24 | 11,685 | 12,727 | ||
Nasdaq Inc. | 3.850% | 6/30/26 | 14,697 | 16,435 | ||
1 | National Australia Bank Ltd. | 2.500% | 5/22/22 | 16,585 | 16,865 | |
National Australia Bank Ltd. | 1.875% | 12/13/22 | 7,095 | 7,246 | ||
National Australia Bank Ltd. | 3.000% | 1/20/23 | 17,348 | 18,004 | ||
National Australia Bank Ltd. | 2.875% | 4/12/23 | 12,622 | 13,144 | ||
National Australia Bank Ltd. | 3.625% | 6/20/23 | 18,555 | 19,663 | ||
National Australia Bank Ltd. | 3.375% | 1/14/26 | 15,962 | 17,602 | ||
1 | National Australia Bank Ltd. | 2.500% | 7/12/26 | 17,462 | 18,654 | |
1 | National Bank of Canada | 2.100% | 2/1/23 | 25,933 | 26,559 | |
1 | National Bank of Canada | 0.550% | 11/15/24 | 12,475 | 12,456 | |
Natwest Group plc | 6.125% | 12/15/22 | 3,959 | 4,232 | ||
Natwest Group plc | 6.100% | 6/10/23 | 1,812 | 1,977 | ||
Natwest Group plc | 3.875% | 9/12/23 | 71,998 | 76,591 | ||
Natwest Group plc | 6.000% | 12/19/23 | 32,154 | 35,822 | ||
1 | Natwest Group plc | 2.359% | 5/22/24 | 24,123 | 24,794 | |
Natwest Group plc | 5.125% | 5/28/24 | 26,756 | 29,620 | ||
1 | Natwest Group plc | 4.519% | 6/25/24 | 32,711 | 34,924 | |
1 | Natwest Group plc | 4.269% | 3/22/25 | 43,870 | 47,521 | |
Natwest Group plc | 4.800% | 4/5/26 | 34,150 | 39,107 | ||
Natwest Group plc | 1.642% | 6/14/27 | 3,500 | 3,512 | ||
1 | Natwest Group plc | 3.754% | 11/1/29 | 24,667 | 26,219 | |
1 | New York Community Bancorp Inc. | 5.900% | 11/6/28 | 6,244 | 6,769 | |
Nomura Holdings Inc. | 2.648% | 1/16/25 | 32,039 | 33,568 | ||
Nomura Holdings Inc. | 1.851% | 7/16/25 | 33,616 | 34,319 | ||
Nomura Holdings Inc. | 1.653% | 7/14/26 | 10,000 | 10,014 | ||
Northern Trust Corp. | 3.950% | 10/30/25 | 15,603 | 17,588 | ||
Oaktree Specialty Lending Corp. | 3.500% | 2/25/25 | 7,427 | 7,807 | ||
Old Republic International Corp. | 4.875% | 10/1/24 | 7,593 | 8,463 | ||
Old Republic International Corp. | 3.875% | 8/26/26 | 12,780 | 14,298 | ||
ORIX Corp. | 4.050% | 1/16/24 | 1,358 | 1,463 | ||
ORIX Corp. | 3.250% | 12/4/24 | 17,602 | 18,944 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Owl Rock Capital Corp. | 5.250% | 4/15/24 | 9,700 | 10,622 | ||
Owl Rock Capital Corp. | 4.000% | 3/30/25 | 10,243 | 10,889 | ||
Owl Rock Capital Corp. | 3.750% | 7/22/25 | 12,775 | 13,513 | ||
Owl Rock Capital Corp. | 4.250% | 1/15/26 | 9,279 | 10,006 | ||
Owl Rock Capital Corp. | 3.400% | 7/15/26 | 19,660 | 20,578 | ||
PayPal Holdings Inc. | 2.200% | 9/26/22 | 34,624 | 35,341 | ||
PayPal Holdings Inc. | 1.350% | 6/1/23 | 18,752 | 19,084 | ||
PayPal Holdings Inc. | 2.400% | 10/1/24 | 26,455 | 27,879 | ||
PayPal Holdings Inc. | 1.650% | 6/1/25 | 12,134 | 12,495 | ||
People's United Bank NA | 4.000% | 7/15/24 | 8,802 | 9,419 | ||
People's United Financial Inc. | 3.650% | 12/6/22 | 10,152 | 10,481 | ||
1 | PNC Bank NA | 2.700% | 11/1/22 | 30,964 | 31,780 | |
1 | PNC Bank NA | 2.950% | 1/30/23 | 9,552 | 9,880 | |
1 | PNC Bank NA | 3.500% | 6/8/23 | 12,835 | 13,531 | |
PNC Bank NA | 3.800% | 7/25/23 | 24,736 | 26,227 | ||
1 | PNC Bank NA | 3.300% | 10/30/24 | 11,209 | 12,128 | |
1 | PNC Bank NA | 2.950% | 2/23/25 | 10,038 | 10,762 | |
1 | PNC Bank NA | 3.250% | 6/1/25 | 10,918 | 11,860 | |
1 | PNC Bank NA | 4.200% | 11/1/25 | 8,695 | 9,829 | |
PNC Financial Services Group Inc. | 2.854% | 11/9/22 | 19,856 | 20,468 | ||
PNC Financial Services Group Inc. | 3.500% | 1/23/24 | 32,179 | 34,395 | ||
PNC Financial Services Group Inc. | 3.900% | 4/29/24 | 18,665 | 20,186 | ||
PNC Financial Services Group Inc. | 2.200% | 11/1/24 | 13,198 | 13,866 | ||
PNC Financial Services Group Inc. | 2.600% | 7/23/26 | 19,294 | 20,647 | ||
PNC Financial Services Group Inc. | 1.150% | 8/13/26 | 15,105 | 15,219 | ||
Principal Financial Group Inc. | 3.300% | 9/15/22 | 9,330 | 9,612 | ||
Principal Financial Group Inc. | 3.125% | 5/15/23 | 6,374 | 6,662 | ||
Principal Financial Group Inc. | 3.400% | 5/15/25 | 6,031 | 6,515 | ||
Prospect Capital Corp. | 5.875% | 3/15/23 | 593 | 631 | ||
Prospect Capital Corp. | 3.706% | 1/22/26 | 9,974 | 10,295 | ||
1 | Prudential Financial Inc. | 1.500% | 3/10/26 | 17,334 | 17,672 | |
1 | Prudential Financial Inc. | 5.875% | 9/15/42 | 12,140 | 12,734 | |
1 | Prudential Financial Inc. | 5.625% | 6/15/43 | 25,721 | 27,483 | |
1 | Prudential Financial Inc. | 5.200% | 3/15/44 | 13,352 | 14,397 | |
1 | Prudential Financial Inc. | 5.375% | 5/15/45 | 18,650 | 20,712 | |
Regions Financial Corp. | 2.250% | 5/18/25 | 20,022 | 20,906 | ||
1 | Reinsurance Group of America Inc. | 4.700% | 9/15/23 | 5,783 | 6,252 | |
RenaissanceRe Finance Inc. | 3.700% | 4/1/25 | 6,235 | 6,764 | ||
1 | Royal Bank of Canada | 1.950% | 1/17/23 | 23,156 | 23,690 | |
1 | Royal Bank of Canada | 1.600% | 4/17/23 | 29,803 | 30,432 | |
1 | Royal Bank of Canada | 3.700% | 10/5/23 | 39,361 | 42,043 | |
1 | Royal Bank of Canada | 0.500% | 10/26/23 | 22,201 | 22,248 | |
1 | Royal Bank of Canada | 0.425% | 1/19/24 | 18,598 | 18,565 | |
1 | Royal Bank of Canada | 2.550% | 7/16/24 | 23,724 | 25,017 | |
Royal Bank of Canada | 0.650% | 7/29/24 | 7,450 | 7,456 | ||
1 | Royal Bank of Canada | 2.250% | 11/1/24 | 46,905 | 49,193 | |
1 | Royal Bank of Canada | 1.150% | 6/10/25 | 41,151 | 41,411 | |
1 | Royal Bank of Canada | 0.875% | 1/20/26 | 26,249 | 26,046 | |
1 | Royal Bank of Canada | 4.650% | 1/27/26 | 34,130 | 39,094 | |
Royal Bank of Canada | 1.200% | 4/27/26 | 35,790 | 35,851 | ||
1 | Royal Bank of Canada | 1.150% | 7/14/26 | 16,948 | 16,935 | |
Santander Holdings USA Inc. | 3.400% | 1/18/23 | 22,860 | 23,695 | ||
Santander Holdings USA Inc. | 3.500% | 6/7/24 | 26,797 | 28,597 | ||
Santander Holdings USA Inc. | 3.450% | 6/2/25 | 7,061 | 7,579 | ||
Santander Holdings USA Inc. | 4.500% | 7/17/25 | 20,343 | 22,541 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Santander Holdings USA Inc. | 3.244% | 10/5/26 | 26,469 | 28,372 | ||
Santander UK Group Holdings plc | 3.571% | 1/10/23 | 11,884 | 12,017 | ||
1 | Santander UK Group Holdings plc | 3.373% | 1/5/24 | 15,580 | 16,145 | |
1 | Santander UK Group Holdings plc | 4.796% | 11/15/24 | 27,102 | 29,457 | |
Santander UK Group Holdings plc | 1.089% | 3/15/25 | 22,100 | 22,175 | ||
1 | Santander UK Group Holdings plc | 1.532% | 8/21/26 | 16,525 | 16,594 | |
Santander UK Group Holdings plc | 1.673% | 6/14/27 | 27,000 | 27,062 | ||
Santander UK plc | 2.100% | 1/13/23 | 13,646 | 13,975 | ||
Santander UK plc | 4.000% | 3/13/24 | 27,410 | 29,743 | ||
Santander UK plc | 2.875% | 6/18/24 | 14,560 | 15,438 | ||
1 | Signature Bank | 4.000% | 10/15/30 | 7,050 | 7,574 | |
Sixth Street Specialty Lending Inc. | 3.875% | 11/1/24 | 6,294 | 6,735 | ||
Sixth Street Specialty Lending Inc. | 2.500% | 8/1/26 | 7,672 | 7,788 | ||
Sompo International Holdings Ltd. | 4.700% | 10/15/22 | 4,820 | 5,032 | ||
3 | Standard Chartered plc | 2.819% | 1/30/26 | 1,650 | 1,726 | |
1 | State Street Corp. | 2.653% | 5/15/23 | 18,487 | 18,798 | |
State Street Corp. | 3.100% | 5/15/23 | 18,624 | 19,498 | ||
State Street Corp. | 3.700% | 11/20/23 | 19,450 | 20,927 | ||
1 | State Street Corp. | 3.776% | 12/3/24 | 15,117 | 16,243 | |
State Street Corp. | 3.300% | 12/16/24 | 25,118 | 27,292 | ||
State Street Corp. | 3.550% | 8/18/25 | 21,775 | 24,065 | ||
1 | State Street Corp. | 2.354% | 11/1/25 | 18,779 | 19,736 | |
State Street Corp. | 2.901% | 3/30/26 | 17,355 | 18,521 | ||
State Street Corp. | 2.650% | 5/19/26 | 13,561 | 14,559 | ||
Stifel Financial Corp. | 4.250% | 7/18/24 | 8,369 | 9,163 | ||
Sumitomo Mitsui Banking Corp. | 3.000% | 1/18/23 | 3,890 | 4,032 | ||
Sumitomo Mitsui Banking Corp. | 3.950% | 7/19/23 | 8,300 | 8,867 | ||
Sumitomo Mitsui Banking Corp. | 3.950% | 1/10/24 | 6,560 | 7,076 | ||
1 | Sumitomo Mitsui Banking Corp. | 3.400% | 7/11/24 | 8,048 | 8,652 | |
1 | Sumitomo Mitsui Banking Corp. | 3.650% | 7/23/25 | 3,502 | 3,852 | |
Sumitomo Mitsui Financial Group Inc. | 2.778% | 10/18/22 | 24,163 | 24,844 | ||
Sumitomo Mitsui Financial Group Inc. | 3.102% | 1/17/23 | 29,482 | 30,605 | ||
Sumitomo Mitsui Financial Group Inc. | 3.748% | 7/19/23 | 12,769 | 13,568 | ||
Sumitomo Mitsui Financial Group Inc. | 3.936% | 10/16/23 | 23,366 | 25,073 | ||
Sumitomo Mitsui Financial Group Inc. | 0.508% | 1/12/24 | 17,800 | 17,766 | ||
Sumitomo Mitsui Financial Group Inc. | 2.696% | 7/16/24 | 52,115 | 54,916 | ||
Sumitomo Mitsui Financial Group Inc. | 2.448% | 9/27/24 | 22,221 | 23,322 | ||
Sumitomo Mitsui Financial Group Inc. | 2.348% | 1/15/25 | 28,751 | 30,031 | ||
Sumitomo Mitsui Financial Group Inc. | 1.474% | 7/8/25 | 68,149 | 69,095 | ||
Sumitomo Mitsui Financial Group Inc. | 0.948% | 1/12/26 | 24,097 | 23,894 | ||
Sumitomo Mitsui Financial Group Inc. | 3.784% | 3/9/26 | 24,328 | 27,129 | ||
Sumitomo Mitsui Financial Group Inc. | 2.632% | 7/14/26 | 35,382 | 37,688 | ||
SVB Financial Group | 3.500% | 1/29/25 | 3,721 | 4,019 | ||
1 | Svenska Handelsbanken AB | 3.900% | 11/20/23 | 32,266 | 34,822 | |
Synchrony Financial | 4.375% | 3/19/24 | 25,522 | 27,638 | ||
Synchrony Financial | 4.250% | 8/15/24 | 18,564 | 20,156 | ||
Synchrony Financial | 4.500% | 7/23/25 | 19,374 | 21,564 | ||
Synchrony Financial | 3.700% | 8/4/26 | 13,679 | 14,994 | ||
Synovus Financial Corp. | 3.125% | 11/1/22 | 7,056 | 7,226 | ||
TD Ameritrade Holding Corp. | 3.750% | 4/1/24 | 10,188 | 10,998 | ||
TD Ameritrade Holding Corp. | 3.625% | 4/1/25 | 9,697 | 10,591 | ||
1 | Toronto-Dominion Bank | 1.900% | 12/1/22 | 32,317 | 32,995 | |
1 | Toronto-Dominion Bank | 0.250% | 1/6/23 | 25,420 | 25,428 | |
1 | Toronto-Dominion Bank | 0.300% | 6/2/23 | 16,467 | 16,456 | |
1 | Toronto-Dominion Bank | 0.750% | 6/12/23 | 32,466 | 32,703 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Toronto-Dominion Bank | 3.500% | 7/19/23 | 55,424 | 58,764 | |
1 | Toronto-Dominion Bank | 0.450% | 9/11/23 | 15,300 | 15,320 | |
Toronto-Dominion Bank | 0.550% | 3/4/24 | 10,800 | 10,804 | ||
1 | Toronto-Dominion Bank | 3.250% | 3/11/24 | 39,828 | 42,539 | |
1 | Toronto-Dominion Bank | 2.650% | 6/12/24 | 29,442 | 31,122 | |
1 | Toronto-Dominion Bank | 1.150% | 6/12/25 | 30,050 | 30,320 | |
1 | Toronto-Dominion Bank | 0.750% | 9/11/25 | 22,806 | 22,635 | |
1 | Toronto-Dominion Bank | 0.750% | 1/6/26 | 23,857 | 23,629 | |
1 | Toronto-Dominion Bank | 1.200% | 6/3/26 | 20,366 | 20,494 | |
Trinity Acquisition plc | 4.400% | 3/15/26 | 5,770 | 6,497 | ||
1 | Truist Bank | 3.000% | 2/2/23 | 10,426 | 10,805 | |
1 | Truist Bank | 1.250% | 3/9/23 | 20,478 | 20,775 | |
1 | Truist Bank | 2.750% | 5/1/23 | 11,949 | 12,421 | |
1 | Truist Bank | 3.200% | 4/1/24 | 45,894 | 48,957 | |
1 | Truist Bank | 3.689% | 8/2/24 | 19,591 | 20,821 | |
1 | Truist Bank | 2.150% | 12/6/24 | 37,210 | 38,910 | |
1 | Truist Bank | 1.500% | 3/10/25 | 24,206 | 24,770 | |
1 | Truist Bank | 3.625% | 9/16/25 | 26,582 | 29,231 | |
1 | Truist Bank | 4.050% | 11/3/25 | 5,124 | 5,748 | |
1 | Truist Bank | 3.300% | 5/15/26 | 10,941 | 12,029 | |
1 | Truist Bank | 2.636% | 9/17/29 | 5,712 | 5,975 | |
1 | Truist Financial Corp. | 2.200% | 3/16/23 | 13,282 | 13,653 | |
1 | Truist Financial Corp. | 3.750% | 12/6/23 | 22,980 | 24,637 | |
1 | Truist Financial Corp. | 2.500% | 8/1/24 | 25,193 | 26,545 | |
1 | Truist Financial Corp. | 2.850% | 10/26/24 | 13,171 | 14,063 | |
Truist Financial Corp. | 4.000% | 5/1/25 | 23,663 | 26,237 | ||
1 | Truist Financial Corp. | 3.700% | 6/5/25 | 22,327 | 24,627 | |
1 | Truist Financial Corp. | 1.200% | 8/5/25 | 9,140 | 9,261 | |
1 | Truist Financial Corp. | 1.267% | 3/2/27 | 35,694 | 35,798 | |
Unum Group | 4.000% | 3/15/24 | 7,350 | 7,911 | ||
1 | US Bancorp | 3.700% | 1/30/24 | 20,713 | 22,257 | |
US Bancorp | 3.375% | 2/5/24 | 41,154 | 43,923 | ||
US Bancorp | 2.400% | 7/30/24 | 28,130 | 29,593 | ||
1 | US Bancorp | 3.600% | 9/11/24 | 15,371 | 16,703 | |
US Bancorp | 1.450% | 5/12/25 | 16,505 | 16,887 | ||
1 | US Bancorp | 3.950% | 11/17/25 | 12,026 | 13,501 | |
1 | US Bancorp | 3.100% | 4/27/26 | 27,297 | 29,738 | |
1 | US Bancorp | 2.375% | 7/22/26 | 29,013 | 30,862 | |
US Bank NA | 1.950% | 1/9/23 | 16,640 | 17,002 | ||
1 | US Bank NA | 2.850% | 1/23/23 | 11,553 | 11,949 | |
1 | US Bank NA | 3.400% | 7/24/23 | 22,106 | 23,355 | |
1 | US Bank NA | 2.050% | 1/21/25 | 17,450 | 18,202 | |
1 | US Bank NA | 2.800% | 1/27/25 | 37,230 | 39,749 | |
Valley National Bancorp | 3.000% | 6/15/31 | 950 | 966 | ||
Visa Inc. | 2.150% | 9/15/22 | 13,514 | 13,761 | ||
Visa Inc. | 2.800% | 12/14/22 | 61,958 | 63,756 | ||
Visa Inc. | 3.150% | 12/14/25 | 81,444 | 88,982 | ||
Voya Financial Inc. | 3.125% | 7/15/24 | 7,957 | 8,456 | ||
Voya Financial Inc. | 3.650% | 6/15/26 | 14,089 | 15,606 | ||
1 | Voya Financial Inc. | 5.650% | 5/15/53 | 9,260 | 9,793 | |
Wachovia Corp. | 7.574% | 8/1/26 | 4,490 | 5,767 | ||
1 | Wells Fargo & Co. | 3.450% | 2/13/23 | 60,553 | 63,221 | |
Wells Fargo & Co. | 4.125% | 8/15/23 | 26,686 | 28,540 | ||
Wells Fargo & Co. | 4.480% | 1/16/24 | 15,704 | 17,093 | ||
1 | Wells Fargo & Co. | 3.750% | 1/24/24 | 58,844 | 63,110 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Wells Fargo & Co. | 1.654% | 6/2/24 | 54,925 | 56,154 | |
1 | Wells Fargo & Co. | 3.300% | 9/9/24 | 44,271 | 47,671 | |
1 | Wells Fargo & Co. | 3.000% | 2/19/25 | 57,266 | 61,020 | |
1 | Wells Fargo & Co. | 3.550% | 9/29/25 | 64,034 | 70,243 | |
1 | Wells Fargo & Co. | 2.406% | 10/30/25 | 64,625 | 67,514 | |
1 | Wells Fargo & Co. | 2.164% | 2/11/26 | 65,840 | 68,322 | |
Wells Fargo & Co. | 3.000% | 4/22/26 | 71,896 | 77,872 | ||
1 | Wells Fargo & Co. | 2.188% | 4/30/26 | 84,011 | 87,239 | |
1 | Wells Fargo & Co. | 4.100% | 6/3/26 | 5,686 | 6,384 | |
1 | Wells Fargo & Co. | 3.196% | 6/17/27 | 86,949 | 94,107 | |
1 | Wells Fargo Bank NA | 3.550% | 8/14/23 | 78,448 | 83,176 | |
Western Alliance Bancorp | 3.000% | 6/15/31 | 12,450 | 12,764 | ||
Western Union Co. | 4.250% | 6/9/23 | 637 | 675 | ||
Western Union Co. | 2.850% | 1/10/25 | 17,749 | 18,716 | ||
Western Union Co. | 1.350% | 3/15/26 | 12,373 | 12,292 | ||
Westpac Banking Corp. | 2.750% | 1/11/23 | 36,089 | 37,326 | ||
Westpac Banking Corp. | 2.000% | 1/13/23 | 13,653 | 13,978 | ||
Westpac Banking Corp. | 3.650% | 5/15/23 | 14,959 | 15,817 | ||
Westpac Banking Corp. | 3.300% | 2/26/24 | 26,749 | 28,620 | ||
Westpac Banking Corp. | 2.350% | 2/19/25 | 27,012 | 28,461 | ||
Westpac Banking Corp. | 2.850% | ��5/13/26 | 35,749 | 38,750 | ||
Westpac Banking Corp. | 1.150% | 6/3/26 | 29,386 | 29,575 | ||
Westpac Banking Corp. | 2.700% | 8/19/26 | 20,521 | 22,189 | ||
1 | Westpac Banking Corp. | 2.894% | 2/4/30 | 32,250 | 33,572 | |
Willis North America Inc. | 3.600% | 5/15/24 | 21,581 | 23,109 | ||
XLIT Ltd. | 4.450% | 3/31/25 | 12,789 | 14,306 | ||
19,913,462 | ||||||
Health Care (9.0%) | ||||||
Abbott Laboratories | 3.400% | 11/30/23 | 22,540 | 23,926 | ||
Abbott Laboratories | 2.950% | 3/15/25 | 16,534 | 17,709 | ||
Abbott Laboratories | 3.875% | 9/15/25 | 9,277 | 10,319 | ||
AbbVie Inc. | 3.250% | 10/1/22 | 43,051 | 44,086 | ||
AbbVie Inc. | 2.900% | 11/6/22 | 80,241 | 82,600 | ||
AbbVie Inc. | 3.200% | 11/6/22 | 32,728 | 33,658 | ||
AbbVie Inc. | 2.300% | 11/21/22 | 59,155 | 60,512 | ||
AbbVie Inc. | 2.800% | 3/15/23 | 9,612 | 9,902 | ||
AbbVie Inc. | 2.850% | 5/14/23 | 20,284 | 21,031 | ||
AbbVie Inc. | 3.750% | 11/14/23 | 16,952 | 18,095 | ||
AbbVie Inc. | 3.850% | 6/15/24 | 17,810 | 19,225 | ||
AbbVie Inc. | 2.600% | 11/21/24 | 72,326 | 76,251 | ||
AbbVie Inc. | 3.800% | 3/15/25 | 64,521 | 70,340 | ||
AbbVie Inc. | 3.600% | 5/14/25 | 73,375 | 79,792 | ||
AbbVie Inc. | 3.200% | 5/14/26 | 43,446 | 47,147 | ||
Aetna Inc. | 2.750% | 11/15/22 | 22,235 | 22,737 | ||
Aetna Inc. | 2.800% | 6/15/23 | 19,668 | 20,407 | ||
Aetna Inc. | 3.500% | 11/15/24 | 25,455 | 27,433 | ||
Agilent Technologies Inc. | 3.875% | 7/15/23 | 10,834 | 11,439 | ||
AmerisourceBergen Corp. | 0.737% | 3/15/23 | 15,000 | 15,022 | ||
AmerisourceBergen Corp. | 3.400% | 5/15/24 | 19,766 | 21,007 | ||
AmerisourceBergen Corp. | 3.250% | 3/1/25 | 12,001 | 12,842 | ||
Amgen Inc. | 2.250% | 8/19/23 | 5,898 | 6,095 | ||
Amgen Inc. | 3.625% | 5/22/24 | 25,364 | 27,223 | ||
Amgen Inc. | 1.900% | 2/21/25 | 17,870 | 18,452 | ||
Amgen Inc. | 3.125% | 5/1/25 | 17,362 | 18,606 | ||
Amgen Inc. | 2.600% | 8/19/26 | 25,517 | 27,148 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Anthem Inc. | 2.950% | 12/1/22 | 3,911 | 4,030 | ||
Anthem Inc. | 3.300% | 1/15/23 | 28,602 | 29,740 | ||
Anthem Inc. | 0.450% | 3/15/23 | 3,990 | 3,997 | ||
Anthem Inc. | 3.500% | 8/15/24 | 30,993 | 33,280 | ||
Anthem Inc. | 3.350% | 12/1/24 | 23,021 | 24,854 | ||
Anthem Inc. | 2.375% | 1/15/25 | 31,747 | 33,220 | ||
Anthem Inc. | 1.500% | 3/15/26 | 18,385 | 18,674 | ||
Astrazeneca Finance LLC | 0.700% | 5/28/24 | 30,425 | 30,462 | ||
Astrazeneca Finance LLC | 1.200% | 5/28/26 | 28,342 | 28,466 | ||
AstraZeneca plc | 0.300% | 5/26/23 | 14,671 | 14,658 | ||
AstraZeneca plc | 3.500% | 8/17/23 | 27,227 | 28,821 | ||
AstraZeneca plc | 3.375% | 11/16/25 | 43,329 | 47,485 | ||
AstraZeneca plc | 0.700% | 4/8/26 | 18,750 | 18,425 | ||
Baxalta Inc. | 4.000% | 6/23/25 | 14,611 | 16,105 | ||
Baxter International Inc. | 2.600% | 8/15/26 | 16,012 | 17,037 | ||
Becton Dickinson & Co. | 3.363% | 6/6/24 | 39,250 | 41,907 | ||
Becton Dickinson & Co. | 3.734% | 12/15/24 | 10,283 | 11,161 | ||
Biogen Inc. | 3.625% | 9/15/22 | 22,779 | 23,548 | ||
Biogen Inc. | 4.050% | 9/15/25 | 35,066 | 38,973 | ||
Boston Scientific Corp. | 3.375% | 5/15/22 | 4,596 | 4,692 | ||
Boston Scientific Corp. | 3.450% | 3/1/24 | 19,136 | 20,389 | ||
Boston Scientific Corp. | 3.850% | 5/15/25 | 4,843 | 5,340 | ||
Boston Scientific Corp. | 1.900% | 6/1/25 | 25,691 | 26,501 | ||
Boston Scientific Corp. | 3.750% | 3/1/26 | 17,593 | 19,473 | ||
Bristol-Myers Squibb Co. | 2.750% | 2/15/23 | 22,309 | 23,061 | ||
Bristol-Myers Squibb Co. | 3.250% | 2/20/23 | 18,305 | 19,053 | ||
Bristol-Myers Squibb Co. | 3.250% | 11/1/23 | 11,020 | 11,700 | ||
Bristol-Myers Squibb Co. | 0.537% | 11/13/23 | 14,650 | 14,654 | ||
Bristol-Myers Squibb Co. | 2.900% | 7/26/24 | 54,230 | 57,796 | ||
Bristol-Myers Squibb Co. | 3.875% | 8/15/25 | 52,960 | 58,713 | ||
Bristol-Myers Squibb Co. | 0.750% | 11/13/25 | ��� 18,673 | 18,589 | ||
Bristol-Myers Squibb Co. | 3.200% | 6/15/26 | 47,641 | 52,286 | ||
Cardinal Health Inc. | 2.616% | 6/15/22 | 7,940 | 8,068 | ||
Cardinal Health Inc. | 3.200% | 3/15/23 | 13,086 | 13,627 | ||
Cardinal Health Inc. | 3.079% | 6/15/24 | 23,070 | 24,440 | ||
Cardinal Health Inc. | 3.500% | 11/15/24 | 7,498 | 8,053 | ||
Cardinal Health Inc. | 3.750% | 9/15/25 | 7,760 | 8,514 | ||
1 | Cigna Corp. | 3.050% | 11/30/22 | 13,251 | 13,665 | |
1 | Cigna Corp. | 3.000% | 7/15/23 | 23,374 | 24,392 | |
Cigna Corp. | 3.750% | 7/15/23 | 12,684 | 13,427 | ||
Cigna Corp. | 0.613% | 3/15/24 | 5,225 | 5,226 | ||
1 | Cigna Corp. | 3.500% | 6/15/24 | 17,058 | 18,271 | |
1 | Cigna Corp. | 3.250% | 4/15/25 | 16,037 | 17,265 | |
Cigna Corp. | 4.125% | 11/15/25 | 68,336 | 76,380 | ||
1 | Cigna Corp. | 4.500% | 2/25/26 | 22,547 | 25,582 | |
Cigna Corp. | 1.250% | 3/15/26 | 16,589 | 16,689 | ||
CommonSpirit Health | 2.950% | 11/1/22 | 14,117 | 14,499 | ||
CommonSpirit Health | 2.760% | 10/1/24 | 14,247 | 15,002 | ||
CommonSpirit Health | 1.547% | 10/1/25 | 15,850 | 16,052 | ||
CVS Health Corp. | 2.750% | 12/1/22 | 23,216 | 23,772 | ||
CVS Health Corp. | 4.750% | 12/1/22 | 11,316 | 11,798 | ||
CVS Health Corp. | 3.700% | 3/9/23 | 79,569 | 83,312 | ||
CVS Health Corp. | 3.375% | 8/12/24 | 15,808 | 16,913 | ||
CVS Health Corp. | 2.625% | 8/15/24 | 24,094 | 25,389 | ||
CVS Health Corp. | 4.100% | 3/25/25 | 12,601 | 13,894 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
CVS Health Corp. | 3.875% | 7/20/25 | 51,876 | 57,096 | ||
CVS Health Corp. | 2.875% | 6/1/26 | 35,345 | 37,949 | ||
CVS Health Corp. | 3.000% | 8/15/26 | 15,557 | 16,813 | ||
Danaher Corp. | 3.350% | 9/15/25 | 8,526 | 9,328 | ||
DH Europe Finance II Sarl | 2.050% | 11/15/22 | 18,717 | 19,114 | ||
DH Europe Finance II Sarl | 2.200% | 11/15/24 | 10,663 | 11,136 | ||
Dignity Health | 3.125% | 11/1/22 | 5,048 | 5,197 | ||
Eli Lilly & Co. | 2.350% | 5/15/22 | 11,030 | 11,198 | ||
Eli Lilly & Co. | 2.750% | 6/1/25 | 8,430 | 8,982 | ||
Gilead Sciences Inc. | 3.250% | 9/1/22 | 36,929 | 37,852 | ||
Gilead Sciences Inc. | 2.500% | 9/1/23 | 25,061 | 26,025 | ||
Gilead Sciences Inc. | 0.750% | 9/29/23 | 18,150 | 18,155 | ||
Gilead Sciences Inc. | 3.700% | 4/1/24 | 44,876 | 48,086 | ||
Gilead Sciences Inc. | 3.500% | 2/1/25 | 30,384 | 32,883 | ||
Gilead Sciences Inc. | 3.650% | 3/1/26 | 51,344 | 56,610 | ||
GlaxoSmithKline Capital Inc. | 2.800% | 3/18/23 | 34,361 | 35,692 | ||
GlaxoSmithKline Capital Inc. | 3.375% | 5/15/23 | 26,136 | 27,492 | ||
GlaxoSmithKline Capital Inc. | 3.625% | 5/15/25 | 19,021 | 20,923 | ||
GlaxoSmithKline Capital plc | 0.534% | 10/1/23 | 22,209 | 22,250 | ||
GlaxoSmithKline Capital plc | 3.000% | 6/1/24 | 25,460 | 27,074 | ||
HCA Inc. | 4.750% | 5/1/23 | 24,761 | 26,398 | ||
HCA Inc. | 5.000% | 3/15/24 | 30,964 | 34,074 | ||
HCA Inc. | 5.250% | 4/15/25 | 46,127 | 52,650 | ||
HCA Inc. | 5.250% | 6/15/26 | 31,074 | 35,931 | ||
Humana Inc. | 3.150% | 12/1/22 | 12,370 | 12,712 | ||
Humana Inc. | 2.900% | 12/15/22 | 7,826 | 8,057 | ||
Humana Inc. | 0.650% | 8/3/23 | 10,000 | 10,006 | ||
Humana Inc. | 3.850% | 10/1/24 | 13,188 | 14,297 | ||
Humana Inc. | 4.500% | 4/1/25 | 14,363 | 16,026 | ||
Illumina Inc. | 0.550% | 3/23/23 | 9,494 | 9,511 | ||
Johnson & Johnson | 2.050% | 3/1/23 | 8,152 | 8,347 | ||
Johnson & Johnson | 6.730% | 11/15/23 | 50 | 57 | ||
Johnson & Johnson | 3.375% | 12/5/23 | 15,017 | 16,081 | ||
Johnson & Johnson | 2.625% | 1/15/25 | 18,612 | 19,765 | ||
Johnson & Johnson | 0.550% | 9/1/25 | 21,273 | 21,090 | ||
Johnson & Johnson | 2.450% | 3/1/26 | 44,090 | 47,007 | ||
Laboratory Corp. of America Holdings | 4.000% | 11/1/23 | 2,873 | 3,056 | ||
Laboratory Corp. of America Holdings | 3.250% | 9/1/24 | 20,759 | 22,147 | ||
Laboratory Corp. of America Holdings | 2.300% | 12/1/24 | 14,999 | 15,664 | ||
Laboratory Corp. of America Holdings | 3.600% | 2/1/25 | 17,573 | 18,913 | ||
Laboratory Corp. of America Holdings | 1.550% | 6/1/26 | 18,730 | 18,918 | ||
McKesson Corp. | 2.700% | 12/15/22 | 5,500 | 5,630 | ||
McKesson Corp. | 2.850% | 3/15/23 | 10,750 | 11,079 | ||
McKesson Corp. | 3.796% | 3/15/24 | 20,951 | 22,463 | ||
McKesson Corp. | 0.900% | 12/3/25 | 10,679 | 10,570 | ||
Medtronic Inc. | 3.500% | 3/15/25 | 36,333 | 39,702 | ||
Merck & Co. Inc. | 2.400% | 9/15/22 | 23,848 | 24,259 | ||
Merck & Co. Inc. | 2.800% | 5/18/23 | 42,143 | 43,906 | ||
Merck & Co. Inc. | 2.900% | 3/7/24 | 18,110 | 19,162 | ||
Merck & Co. Inc. | 2.750% | 2/10/25 | 37,684 | 40,082 | ||
Merck & Co. Inc. | 0.750% | 2/24/26 | 33,959 | 33,784 | ||
Mylan Inc. | 4.200% | 11/29/23 | 14,700 | 15,713 | ||
Novartis Capital Corp. | 2.400% | 9/21/22 | 34,110 | 34,894 | ||
Novartis Capital Corp. | 3.400% | 5/6/24 | 28,657 | 30,843 | ||
Novartis Capital Corp. | 1.750% | 2/14/25 | 36,024 | 37,193 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Novartis Capital Corp. | 3.000% | 11/20/25 | 28,806 | 31,197 | ||
1 | PeaceHealth Obligated Group | 1.375% | 11/15/25 | 7,270 | 7,378 | |
Perrigo Finance Unlimited Co. | 3.900% | 12/15/24 | 2,930 | 3,131 | ||
Perrigo Finance Unlimited Co. | 4.375% | 3/15/26 | 15,140 | 16,494 | ||
Pfizer Inc. | 3.000% | 6/15/23 | 15,819 | 16,579 | ||
Pfizer Inc. | 3.200% | 9/15/23 | 16,095 | 16,992 | ||
Pfizer Inc. | 2.950% | 3/15/24 | 23,829 | 25,272 | ||
Pfizer Inc. | 3.400% | 5/15/24 | 24,348 | 26,246 | ||
Pfizer Inc. | 0.800% | 5/28/25 | 14,124 | 14,147 | ||
Pfizer Inc. | 2.750% | 6/3/26 | 23,653 | 25,679 | ||
Quest Diagnostics Inc. | 4.250% | 4/1/24 | 7,542 | 8,161 | ||
Quest Diagnostics Inc. | 3.500% | 3/30/25 | 16,217 | 17,545 | ||
Quest Diagnostics Inc. | 3.450% | 6/1/26 | 9,962 | 10,917 | ||
Royalty Pharma plc | 0.750% | 9/2/23 | 22,302 | 22,400 | ||
Royalty Pharma plc | 1.200% | 9/2/25 | 28,418 | 28,353 | ||
Sanofi | 3.375% | 6/19/23 | 15,417 | 16,233 | ||
Shire Acquisitions Investments Ireland DAC | 2.875% | 9/23/23 | 63,952 | 66,768 | ||
1 | SSM Health Care Corp. | 3.688% | 6/1/23 | 9,727 | 10,202 | |
Stryker Corp. | 0.600% | 12/1/23 | 5,193 | 5,193 | ||
Stryker Corp. | 3.375% | 5/15/24 | 15,811 | 16,912 | ||
Stryker Corp. | 1.150% | 6/15/25 | 13,782 | 13,859 | ||
Stryker Corp. | 3.375% | 11/1/25 | 18,822 | 20,517 | ||
Stryker Corp. | 3.500% | 3/15/26 | 20,446 | 22,457 | ||
1 | Sutter Health | 1.321% | 8/15/25 | 6,024 | 6,090 | |
Takeda Pharmaceutical Co. Ltd. | 4.400% | 11/26/23 | 43,649 | 47,158 | ||
Thermo Fisher Scientific Inc. | 4.133% | 3/25/25 | 29,816 | 32,944 | ||
Thermo Fisher Scientific Inc. | 3.650% | 12/15/25 | 5,526 | 6,078 | ||
UnitedHealth Group Inc. | 2.375% | 10/15/22 | 28,230 | 28,897 | ||
UnitedHealth Group Inc. | 2.750% | 2/15/23 | 14,160 | 14,588 | ||
UnitedHealth Group Inc. | 2.875% | 3/15/23 | 22,435 | 23,327 | ||
UnitedHealth Group Inc. | 3.500% | 6/15/23 | 18,786 | 19,844 | ||
UnitedHealth Group Inc. | 3.500% | 2/15/24 | 19,418 | 20,830 | ||
UnitedHealth Group Inc. | 0.550% | 5/15/24 | 150 | 150 | ||
UnitedHealth Group Inc. | 2.375% | 8/15/24 | 13,265 | 13,976 | ||
UnitedHealth Group Inc. | 3.750% | 7/15/25 | 45,679 | 50,749 | ||
UnitedHealth Group Inc. | 3.700% | 12/15/25 | 8,544 | 9,522 | ||
UnitedHealth Group Inc. | 1.250% | 1/15/26 | 6,777 | 6,863 | ||
UnitedHealth Group Inc. | 3.100% | 3/15/26 | 18,260 | 19,951 | ||
UnitedHealth Group Inc. | 1.150% | 5/15/26 | 28,124 | 28,324 | ||
1 | UPMC | 3.600% | 4/3/25 | 7,900 | 8,583 | |
Utah Acquisition Sub Inc. | 3.950% | 6/15/26 | 46,217 | 51,217 | ||
3 | Viatris Inc. | 1.650% | 6/22/25 | 19,375 | 19,683 | |
Wyeth LLC | 6.450% | 2/1/24 | 13,595 | 15,516 | ||
Zimmer Biomet Holdings Inc. | 3.700% | 3/19/23 | 11,046 | 11,555 | ||
Zimmer Biomet Holdings Inc. | 3.550% | 4/1/25 | 32,825 | 35,487 | ||
Zimmer Biomet Holdings Inc. | 3.050% | 1/15/26 | 15,410 | 16,587 | ||
Zoetis Inc. | 3.250% | 2/1/23 | 29,840 | 30,842 | ||
Zoetis Inc. | 4.500% | 11/13/25 | 15,863 | ��� 17,983 | ||
4,423,542 | ||||||
Industrials (6.6%) | ||||||
3M Co. | 1.750% | 2/14/23 | 9,640 | 9,839 | ||
1 | 3M Co. | 2.250% | 3/15/23 | 17,614 | 18,106 | |
1 | 3M Co. | 3.250% | 2/14/24 | 20,812 | 22,163 | |
3M Co. | 2.000% | 2/14/25 | 15,705 | 16,336 | ||
3M Co. | 2.650% | 4/15/25 | 12,092 | 12,841 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | 3M Co. | 3.000% | 8/7/25 | 11,064 | 11,970 | |
ABB Finance USA Inc. | 2.875% | 5/8/22 | 13,591 | 13,836 | ||
Allegion US Holding Co. Inc. | 3.200% | 10/1/24 | 8,821 | 9,372 | ||
Amphenol Corp. | 3.200% | 4/1/24 | 7,315 | 7,743 | ||
Amphenol Corp. | 2.050% | 3/1/25 | 8,228 | 8,535 | ||
1 | BNSF Funding Trust I | 6.613% | 12/15/55 | 8,311 | 9,544 | |
Boeing Co. | 1.167% | 2/4/23 | 5,376 | 5,390 | ||
Boeing Co. | 2.800% | 3/1/23 | 19,211 | 19,809 | ||
Boeing Co. | 4.508% | 5/1/23 | 75,554 | 80,092 | ||
Boeing Co. | 1.875% | 6/15/23 | 19,128 | 19,475 | ||
Boeing Co. | 1.950% | 2/1/24 | 23,433 | 24,021 | ||
Boeing Co. | 1.433% | 2/4/24 | 33,575 | 33,657 | ||
Boeing Co. | 2.800% | 3/1/24 | 11,319 | 11,788 | ||
Boeing Co. | 2.850% | 10/30/24 | 10,372 | 10,893 | ||
Boeing Co. | 4.875% | 5/1/25 | 85,872 | 96,005 | ||
Boeing Co. | 2.600% | 10/30/25 | 11,189 | 11,636 | ||
Boeing Co. | 2.750% | 2/1/26 | 31,930 | 33,376 | ||
Boeing Co. | 2.196% | 2/4/26 | 111,378 | 112,260 | ||
Boeing Co. | 3.100% | 5/1/26 | 17,227 | 18,274 | ||
Boeing Co. | 2.250% | 6/15/26 | 12,622 | 12,915 | ||
Burlington Northern Santa Fe LLC | 3.050% | 9/1/22 | 16,421 | 16,762 | ||
Burlington Northern Santa Fe LLC | 3.000% | 3/15/23 | 12,548 | 12,985 | ||
Burlington Northern Santa Fe LLC | 3.850% | 9/1/23 | 26,368 | 27,988 | ||
Burlington Northern Santa Fe LLC | 3.750% | 4/1/24 | 15,873 | 17,063 | ||
Burlington Northern Santa Fe LLC | 3.400% | 9/1/24 | 17,284 | 18,614 | ||
Burlington Northern Santa Fe LLC | 3.000% | 4/1/25 | 8,058 | 8,655 | ||
Burlington Northern Santa Fe LLC | 3.650% | 9/1/25 | 8,353 | 9,205 | ||
Burlington Northern Santa Fe LLC | 7.000% | 12/15/25 | 4,633 | 5,761 | ||
Canadian National Railway Co. | 2.950% | 11/21/24 | 5,252 | 5,585 | ||
Canadian National Railway Co. | 2.750% | 3/1/26 | 12,747 | 13,652 | ||
Canadian Pacific Railway Co. | 4.450% | 3/15/23 | 4,487 | 4,714 | ||
Canadian Pacific Railway Co. | 2.900% | 2/1/25 | 14,310 | 15,178 | ||
Carrier Global Corp. | 2.242% | 2/15/25 | 44,321 | 46,142 | ||
1 | Caterpillar Financial Services Corp. | 1.900% | 9/6/22 | 14,269 | 14,511 | |
1 | Caterpillar Financial Services Corp. | 1.950% | 11/18/22 | 18,692 | 19,079 | |
1 | Caterpillar Financial Services Corp. | 2.550% | 11/29/22 | 19,600 | 20,163 | |
Caterpillar Financial Services Corp. | 0.250% | 3/1/23 | 18,937 | 18,935 | ||
1 | Caterpillar Financial Services Corp. | 2.625% | 3/1/23 | 9,601 | 9,938 | |
1 | Caterpillar Financial Services Corp. | 3.450% | 5/15/23 | 13,899 | 14,633 | |
Caterpillar Financial Services Corp. | 0.650% | 7/7/23 | 14,523 | 14,614 | ||
1 | Caterpillar Financial Services Corp. | 0.450% | 9/14/23 | 23,862 | 23,924 | |
1 | Caterpillar Financial Services Corp. | 3.750% | 11/24/23 | 9,107 | 9,793 | |
1 | Caterpillar Financial Services Corp. | 3.650% | 12/7/23 | 10,954 | 11,760 | |
1 | Caterpillar Financial Services Corp. | 2.850% | 5/17/24 | 11,302 | 12,007 | |
1 | Caterpillar Financial Services Corp. | 3.300% | 6/9/24 | 10,629 | 11,428 | |
1 | Caterpillar Financial Services Corp. | 2.150% | 11/8/24 | 15,240 | 15,970 | |
1 | Caterpillar Financial Services Corp. | 3.250% | 12/1/24 | 12,102 | 13,141 | |
1 | Caterpillar Financial Services Corp. | 1.450% | 5/15/25 | 17,476 | 17,882 | |
1 | Caterpillar Financial Services Corp. | 0.800% | 11/13/25 | 13,937 | 13,913 | |
Caterpillar Financial Services Corp. | 0.900% | 3/2/26 | 19,029 | 19,024 | ||
Caterpillar Financial Services Corp. | 2.400% | 8/9/26 | 14,520 | 15,476 | ||
Caterpillar Inc. | 3.400% | 5/15/24 | 14,006 | 15,009 | ||
CNH Industrial Capital LLC | 1.950% | 7/2/23 | 9,405 | 9,634 | ||
CNH Industrial Capital LLC | 4.200% | 1/15/24 | 10,316 | 11,124 | ||
CNH Industrial Capital LLC | 1.875% | 1/15/26 | 12,522 | 12,794 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
CNH Industrial Capital LLC | 1.450% | 7/15/26 | 7,797 | 7,796 | ||
CNH Industrial NV | 4.500% | 8/15/23 | 18,782 | 20,143 | ||
1 | Continental Airlines Pass-Through Trust Class A Series 2007-1 | 5.983% | 4/19/22 | 2,557 | 2,595 | |
1 | Continental Airlines Pass-Through Trust Class A Series 2012-2 | 4.000% | 10/29/24 | 5,604 | 5,907 | |
Crane Co. | 4.450% | 12/15/23 | 4,590 | 4,942 | ||
CSX Corp. | 3.400% | 8/1/24 | 16,207 | 17,428 | ||
CSX Corp. | 3.350% | 11/1/25 | 9,381 | 10,221 | ||
Cummins Inc. | 3.650% | 10/1/23 | 8,853 | 9,387 | ||
Cummins Inc. | 0.750% | 9/1/25 | 12,947 | 12,899 | ||
Deere & Co. | 2.750% | 4/15/25 | 20,510 | 21,846 | ||
3 | Delta Air Lines Inc. | 7.000% | 5/1/25 | 5,901 | 6,905 | |
3 | Delta Air Lines Inc. | 4.500% | 10/20/25 | 3,600 | 3,862 | |
1 | Delta Air Lines Pass-Through Trust Class AA Series 2019-1 | 3.204% | 4/25/24 | 4,866 | 5,145 | |
Dover Corp. | 3.150% | 11/15/25 | 7,362 | 7,927 | ||
Eaton Corp. | 2.750% | 11/2/22 | 33,623 | 34,573 | ||
Emerson Electric Co. | 2.625% | 2/15/23 | 6,930 | 7,126 | ||
Emerson Electric Co. | 3.150% | 6/1/25 | 7,445 | 8,035 | ||
FedEx Corp. | 3.250% | 4/1/26 | 12,216 | 13,340 | ||
Flowserve Corp. | 3.500% | 9/15/22 | 9,497 | 9,699 | ||
Flowserve Corp. | 4.000% | 11/15/23 | 6,560 | 6,953 | ||
Fortive Corp. | 3.150% | 6/15/26 | 18,148 | 19,723 | ||
General Dynamics Corp. | 2.250% | 11/15/22 | 13,032 | 13,279 | ||
General Dynamics Corp. | 3.375% | 5/15/23 | 26,170 | 27,481 | ||
General Dynamics Corp. | 1.875% | 8/15/23 | 9,846 | 10,113 | ||
General Dynamics Corp. | 2.375% | 11/15/24 | 9,685 | 10,196 | ||
General Dynamics Corp. | 3.250% | 4/1/25 | 17,898 | 19,334 | ||
General Dynamics Corp. | 3.500% | 5/15/25 | 11,118 | 12,150 | ||
General Dynamics Corp. | 2.125% | 8/15/26 | 18,789 | 19,745 | ||
1 | General Electric Co. | 3.150% | 9/7/22 | 10,711 | 11,019 | |
General Electric Co. | 2.700% | 10/9/22 | 4,697 | 4,816 | ||
1 | General Electric Co. | 3.100% | 1/9/23 | 29,453 | 30,517 | |
General Electric Co. | 3.375% | 3/11/24 | 6,447 | 6,881 | ||
1 | General Electric Co. | 3.450% | 5/15/24 | 27,334 | 29,153 | |
1 | General Electric Co. | 5.550% | 1/5/26 | 6,959 | 8,223 | |
3 | GXO Logistics Inc. | 1.650% | 7/15/26 | 10,000 | 10,006 | |
Honeywell International Inc. | 3.350% | 12/1/23 | 6,255 | 6,660 | ||
Honeywell International Inc. | 2.300% | 8/15/24 | 25,025 | 26,333 | ||
Honeywell International Inc. | 1.350% | 6/1/25 | 23,825 | 24,310 | ||
3 | Huntington Ingalls Industries Inc. | 0.670% | 8/16/23 | 2,000 | 2,001 | |
Huntington Ingalls Industries Inc. | 3.844% | 5/1/25 | 13,486 | 14,702 | ||
Illinois Tool Works Inc. | 3.500% | 3/1/24 | 20,561 | 21,936 | ||
JB Hunt Transport Services Inc. | 3.875% | 3/1/26 | 15,214 | 16,956 | ||
1 | John Deere Capital Corp. | 2.150% | 9/8/22 | 8,149 | 8,309 | |
1 | John Deere Capital Corp. | 2.700% | 1/6/23 | 13,545 | 13,986 | |
1 | John Deere Capital Corp. | 0.250% | 1/17/23 | 1,665 | 1,666 | |
John Deere Capital Corp. | 2.800% | 1/27/23 | 12,321 | 12,762 | ||
1 | John Deere Capital Corp. | 2.800% | 3/6/23 | 20,666 | 21,464 | |
1 | John Deere Capital Corp. | 1.200% | 4/6/23 | 7,345 | 7,455 | |
1 | John Deere Capital Corp. | 3.450% | 6/7/23 | 7,101 | 7,491 | |
1 | John Deere Capital Corp. | 0.700% | 7/5/23 | 15,893 | 16,008 | |
1 | John Deere Capital Corp. | 0.400% | 10/10/23 | 8,810 | 8,823 | |
John Deere Capital Corp. | 3.650% | 10/12/23 | 11,802 | 12,627 | ||
1 | John Deere Capital Corp. | 3.450% | 1/10/24 | 8,414 | 8,996 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | John Deere Capital Corp. | 0.450% | 1/17/24 | 11,020 | 11,021 | |
1 | John Deere Capital Corp. | 2.600% | 3/7/24 | 11,874 | 12,501 | |
1 | John Deere Capital Corp. | 0.450% | 6/7/24 | 14,000 | 13,997 | |
1 | John Deere Capital Corp. | 3.350% | 6/12/24 | 15,130 | 16,313 | |
1 | John Deere Capital Corp. | 2.650% | 6/24/24 | 16,684 | 17,678 | |
1 | John Deere Capital Corp. | 2.050% | 1/9/25 | 14,737 | 15,396 | |
1 | John Deere Capital Corp. | 3.450% | 3/13/25 | 9,669 | 10,574 | |
1 | John Deere Capital Corp. | 3.400% | 9/11/25 | 10,200 | 11,233 | |
1 | John Deere Capital Corp. | 0.700% | 1/15/26 | 20,216 | 20,053 | |
1 | John Deere Capital Corp. | 2.650% | 6/10/26 | 15,713 | 16,927 | |
1 | John Deere Capital Corp. | 1.050% | 6/17/26 | 12,190 | 12,206 | |
1 | Johnson Controls International plc | 3.625% | 7/2/24 | 7,524 | 8,074 | |
1 | Johnson Controls International plc | 3.900% | 2/14/26 | 10,138 | 11,240 | |
1 | Kansas City Southern | 3.000% | 5/15/23 | 3,887 | 4,027 | |
Keysight Technologies Inc. | 4.550% | 10/30/24 | 10,938 | 12,106 | ||
L3Harris Technologies Inc. | 3.850% | 6/15/23 | 16,277 | 17,220 | ||
L3Harris Technologies Inc. | 3.950% | 5/28/24 | 8,846 | 9,541 | ||
L3Harris Technologies Inc. | 3.832% | 4/27/25 | 11,133 | 12,191 | ||
Lennox International Inc. | 3.000% | 11/15/23 | 5,570 | 5,827 | ||
Lennox International Inc. | 1.350% | 8/1/25 | 8,590 | 8,656 | ||
Lockheed Martin Corp. | 3.100% | 1/15/23 | 24,210 | 25,016 | ||
Lockheed Martin Corp. | 2.900% | 3/1/25 | 21,970 | 23,451 | ||
Lockheed Martin Corp. | 3.550% | 1/15/26 | 37,004 | 40,925 | ||
Norfolk Southern Corp. | 2.903% | 2/15/23 | 16,381 | 16,875 | ||
Norfolk Southern Corp. | 3.850% | 1/15/24 | 5,216 | 5,574 | ||
Norfolk Southern Corp. | 3.650% | 8/1/25 | 3,711 | 4,067 | ||
Norfolk Southern Corp. | 2.900% | 6/15/26 | 15,275 | 16,507 | ||
Northrop Grumman Corp. | 3.250% | 8/1/23 | 22,858 | 24,084 | ||
Northrop Grumman Corp. | 2.930% | 1/15/25 | 38,100 | 40,511 | ||
nVent Finance Sarl | 3.950% | 4/15/23 | 4,692 | 4,897 | ||
Otis Worldwide Corp. | 2.056% | 4/5/25 | 35,203 | 36,470 | ||
1 | PACCAR Financial Corp. | 2.650% | 5/10/22 | 11,303 | 11,498 | |
1 | PACCAR Financial Corp. | 2.000% | 9/26/22 | 11,272 | 11,487 | |
1 | PACCAR Financial Corp. | 2.650% | 4/6/23 | 6,477 | 6,719 | |
1 | PACCAR Financial Corp. | 0.800% | 6/8/23 | 7,640 | 7,702 | |
PACCAR Financial Corp. | 3.400% | 8/9/23 | 8,758 | 9,274 | ||
1 | PACCAR Financial Corp. | 0.350% | 8/11/23 | 6,239 | 6,245 | |
1 | PACCAR Financial Corp. | 0.350% | 2/2/24 | 6,025 | 6,006 | |
1 | PACCAR Financial Corp. | 2.150% | 8/15/24 | 9,194 | 9,600 | |
1 | PACCAR Financial Corp. | 1.800% | 2/6/25 | 13,266 | 13,727 | |
1 | Parker-Hannifin Corp. | 3.500% | 9/15/22 | 6,649 | 6,858 | |
Parker-Hannifin Corp. | 2.700% | 6/14/24 | 16,154 | 16,972 | ||
1 | Parker-Hannifin Corp. | 3.300% | 11/21/24 | 8,993 | 9,648 | |
Precision Castparts Corp. | 2.500% | 1/15/23 | 18,124 | 18,582 | ||
Precision Castparts Corp. | 3.250% | 6/15/25 | 18,447 | 20,014 | ||
Raytheon Technologies Corp. | 3.700% | 12/15/23 | 9,788 | 10,430 | ||
Raytheon Technologies Corp. | 3.200% | 3/15/24 | 23,002 | 24,431 | ||
Raytheon Technologies Corp. | 3.950% | 8/16/25 | 40,898 | 45,327 | ||
Republic Services Inc. | 4.750% | 5/15/23 | 6,709 | 7,127 | ||
Republic Services Inc. | 2.500% | 8/15/24 | 25,565 | 26,842 | ||
Republic Services Inc. | 3.200% | 3/15/25 | 14,408 | 15,484 | ||
Republic Services Inc. | 0.875% | 11/15/25 | 7,209 | 7,151 | ||
Republic Services Inc. | 2.900% | 7/1/26 | 4,287 | 4,602 | ||
Rockwell Automation Inc. | 0.350% | 8/15/23 | 9,270 | 9,272 | ||
Rockwell Automation Inc. | 2.875% | 3/1/25 | 5,126 | 5,445 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Ryder System Inc. | 2.500% | 9/1/22 | 4,700 | 4,791 | |
1 | Ryder System Inc. | 3.400% | 3/1/23 | 14,743 | 15,351 | |
1 | Ryder System Inc. | 3.750% | 6/9/23 | 10,607 | 11,189 | |
1 | Ryder System Inc. | 3.875% | 12/1/23 | 4,699 | 5,030 | |
1 | Ryder System Inc. | 3.650% | 3/18/24 | 17,488 | 18,741 | |
1 | Ryder System Inc. | 2.500% | 9/1/24 | 20,045 | 21,006 | |
1 | Ryder System Inc. | 4.625% | 6/1/25 | 6,131 | 6,891 | |
1 | Ryder System Inc. | 3.350% | 9/1/25 | 5,736 | 6,200 | |
Southwest Airlines Co. | 2.750% | 11/16/22 | 5,950 | 6,093 | ||
Southwest Airlines Co. | 4.750% | 5/4/23 | 22,809 | 24,362 | ||
Southwest Airlines Co. | 5.250% | 5/4/25 | 38,214 | 43,321 | ||
Teledyne Technologies Inc. | 0.650% | 4/1/23 | 11,266 | 11,269 | ||
Teledyne Technologies Inc. | 0.950% | 4/1/24 | 11,589 | 11,602 | ||
Teledyne Technologies Inc. | 1.600% | 4/1/26 | 12,042 | 12,192 | ||
Textron Inc. | 4.300% | 3/1/24 | 7,152 | 7,705 | ||
Textron Inc. | 3.875% | 3/1/25 | 6,071 | 6,612 | ||
Textron Inc. | 4.000% | 3/15/26 | 9,083 | 10,119 | ||
Timken Co. | 3.875% | 9/1/24 | 6,705 | 7,186 | ||
Trane Technologies Global Holding Co. Ltd. | 4.250% | 6/15/23 | 13,555 | 14,442 | ||
Trane Technologies Luxembourg Finance SA | 3.550% | 11/1/24 | 8,693 | 9,378 | ||
Trane Technologies Luxembourg Finance SA | 3.500% | 3/21/26 | 8,845 | 9,685 | ||
Trimble Inc. | 4.150% | 6/15/23 | 6,876 | 7,269 | ||
Trimble Inc. | 4.750% | 12/1/24 | 8,552 | 9,491 | ||
Tyco Electronics Group SA | 3.450% | 8/1/24 | 8,016 | 8,559 | ||
Tyco Electronics Group SA | 3.700% | 2/15/26 | 5,890 | 6,476 | ||
Union Pacific Corp. | 2.950% | 1/15/23 | 9,521 | 9,796 | ||
Union Pacific Corp. | 2.750% | 4/15/23 | 6,223 | 6,423 | ||
Union Pacific Corp. | 3.500% | 6/8/23 | 13,292 | 14,002 | ||
Union Pacific Corp. | 3.646% | 2/15/24 | 8,790 | 9,387 | ||
Union Pacific Corp. | 3.150% | 3/1/24 | 16,387 | 17,408 | ||
Union Pacific Corp. | 3.750% | 3/15/24 | 10,745 | 11,512 | ||
Union Pacific Corp. | 3.250% | 1/15/25 | 7,855 | 8,446 | ||
Union Pacific Corp. | 3.750% | 7/15/25 | 5,335 | 5,891 | ||
Union Pacific Corp. | 3.250% | 8/15/25 | 7,625 | 8,270 | ||
Union Pacific Corp. | 2.750% | 3/1/26 | 15,241 | 16,315 | ||
1 | United Airlines Pass-Through Trust Class A Series 2012-1 | 4.150% | 4/11/24 | 6,405 | 6,736 | |
1 | United Airlines Pass-Through Trust Class A Series 2013-1 | 4.300% | 8/15/25 | 8,724 | 9,327 | |
1 | United Airlines Pass-Through Trust Class B Series 2020-1 | 4.875% | 1/15/26 | 18,405 | 19,392 | |
1 | United Airlines Pass-Through Trust Class A Series 2014-1 | 4.000% | 4/11/26 | 10,688 | 11,296 | |
United Parcel Service Inc. | 2.450% | 10/1/22 | 22,723 | 23,262 | ||
United Parcel Service Inc. | 2.500% | 4/1/23 | 23,350 | 24,123 | ||
United Parcel Service Inc. | 2.200% | 9/1/24 | 9,527 | 9,967 | ||
United Parcel Service Inc. | 2.800% | 11/15/24 | 16,739 | 17,857 | ||
United Parcel Service Inc. | 3.900% | 4/1/25 | 15,358 | 16,943 | ||
3 | Vontier Corp. | 1.800% | 4/1/26 | 10,940 | 10,964 | |
Waste Management Inc. | 2.900% | 9/15/22 | 15,411 | 15,725 | ||
Waste Management Inc. | 2.400% | 5/15/23 | 11,240 | 11,589 | ||
Waste Management Inc. | 0.750% | 11/15/25 | 8,720 | 8,656 | ||
Westinghouse Air Brake Technologies Corp. | 4.400% | 3/15/24 | 15,411 | 16,622 | ||
Westinghouse Air Brake Technologies Corp. | 3.200% | 6/15/25 | 11,733 | 12,506 | ||
WW Grainger Inc. | 1.850% | 2/15/25 | 10,819 | 11,181 | ||
3,262,939 | ||||||
Materials (2.0%) | ||||||
Air Products and Chemicals Inc. | 2.750% | 2/3/23 | 6,274 | 6,490 | ||
Air Products and Chemicals Inc. | 3.350% | 7/31/24 | 8,740 | 9,377 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Air Products and Chemicals Inc. | 1.500% | 10/15/25 | 13,693 | 14,044 | ||
Albemarle Corp. | 4.150% | 12/1/24 | 6,910 | 7,539 | ||
ArcelorMittal SA | 4.550% | 3/11/26 | 7,650 | 8,642 | ||
3 | Berry Global Inc. | 0.950% | 2/15/24 | 15,793 | 15,841 | |
3 | Berry Global Inc. | 1.570% | 1/15/26 | 31,887 | 32,162 | |
BHP Billiton Finance USA Ltd. | 3.850% | 9/30/23 | 10,690 | 11,466 | ||
BHP Billiton Finance USA Ltd. | 6.420% | 3/1/26 | 5,224 | 6,413 | ||
Carlisle Cos. Inc. | 3.750% | 11/15/22 | 4,887 | 5,037 | ||
Carlisle Cos. Inc. | 3.500% | 12/1/24 | 8,903 | 9,579 | ||
Celanese US Holdings LLC | 4.625% | 11/15/22 | 8,245 | 8,644 | ||
Celanese US Holdings LLC | 3.500% | 5/8/24 | 11,463 | 12,244 | ||
Celanese US Holdings LLC | 1.400% | 8/5/26 | 8,200 | 8,185 | ||
Celulosa Arauco y Constitucion SA | 4.500% | 8/1/24 | 8,145 | 8,798 | ||
CF Industries Inc. | 3.450% | 6/1/23 | 5,975 | 6,279 | ||
Dow Chemical Co. | 4.550% | 11/30/25 | 727 | 826 | ||
Dow Chemical Co. | 3.625% | 5/15/26 | 17,434 | 19,303 | ||
DuPont de Nemours Inc. | 4.205% | 11/15/23 | 53,657 | 57,779 | ||
DuPont de Nemours Inc. | 4.493% | 11/15/25 | 37,948 | 42,846 | ||
Eastman Chemical Co. | 3.800% | 3/15/25 | 12,185 | 13,284 | ||
Ecolab Inc. | 2.375% | 8/10/22 | 21,314 | 21,710 | ||
Ecolab Inc. | 3.250% | 1/14/23 | 6,591 | 6,821 | ||
EI du Pont de Nemours & Co. | 1.700% | 7/15/25 | 10,595 | 10,871 | ||
Fibria Overseas Finance Ltd. | 4.000% | 1/14/25 | 7,315 | 7,866 | ||
FMC Corp. | 4.100% | 2/1/24 | 6,970 | 7,449 | ||
Georgia-Pacific LLC | 8.000% | 1/15/24 | 7,825 | 9,188 | ||
3 | Georgia-Pacific LLC | 0.625% | 5/15/24 | 3,500 | 3,511 | |
3 | Georgia-Pacific LLC | 1.750% | 9/30/25 | 9,500 | 9,788 | |
International Flavors & Fragrances Inc. | 3.200% | 5/1/23 | 6,039 | 6,269 | ||
International Paper Co. | 3.800% | 1/15/26 | 9,591 | 10,648 | ||
Kinross Gold Corp. | 5.950% | 3/15/24 | 9,598 | 10,672 | ||
Linde Inc. | 2.700% | 2/21/23 | 9,541 | 9,828 | ||
Linde Inc. | 2.650% | 2/5/25 | 7,255 | 7,681 | ||
Linde Inc. | 3.200% | 1/30/26 | 12,716 | 13,878 | ||
LYB International Finance BV | 4.000% | 7/15/23 | 11,107 | 11,819 | ||
LYB International Finance III LLC | 2.875% | 5/1/25 | 11,645 | 12,441 | ||
LYB International Finance III LLC | 1.250% | 10/1/25 | 15,539 | 15,557 | ||
LyondellBasell Industries NV | 5.750% | 4/15/24 | 16,197 | 18,082 | ||
Martin Marietta Materials Inc. | 0.650% | 7/15/23 | 4,000 | 4,010 | ||
Martin Marietta Materials Inc. | 4.250% | 7/2/24 | 9,154 | 9,971 | ||
Mosaic Co. | 3.250% | 11/15/22 | 14,703 | 15,157 | ||
Mosaic Co. | 4.250% | 11/15/23 | 22,827 | 24,427 | ||
NewMarket Corp. | 4.100% | 12/15/22 | 2,375 | 2,476 | ||
Newmont Corp. | 3.700% | 3/15/23 | 3,429 | 3,566 | ||
Nucor Corp. | 4.125% | 9/15/22 | 10,450 | 10,760 | ||
Nucor Corp. | 4.000% | 8/1/23 | 11,955 | 12,667 | ||
Nucor Corp. | 2.000% | 6/1/25 | 16,181 | 16,758 | ||
Nutrien Ltd. | 3.150% | 10/1/22 | 13,028 | 13,329 | ||
Nutrien Ltd. | 1.900% | 5/13/23 | 9,439 | 9,658 | ||
Nutrien Ltd. | 3.500% | 6/1/23 | 7,384 | 7,710 | ||
Nutrien Ltd. | 3.625% | 3/15/24 | 13,965 | 14,895 | ||
Nutrien Ltd. | 3.375% | 3/15/25 | 18,334 | 19,768 | ||
Nutrien Ltd. | 3.000% | 4/1/25 | 7,738 | 8,243 | ||
Packaging Corp. of America | 4.500% | 11/1/23 | 14,440 | 15,531 | ||
Packaging Corp. of America | 3.650% | 9/15/24 | 6,807 | 7,341 | ||
PPG Industries Inc. | 3.200% | 3/15/23 | 5,819 | 6,051 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PPG Industries Inc. | 2.400% | 8/15/24 | 8,761 | 9,181 | ||
PPG Industries Inc. | 1.200% | 3/15/26 | 16,049 | 16,056 | ||
Reliance Steel & Aluminum Co. | 4.500% | 4/15/23 | 5,083 | 5,353 | ||
Reliance Steel & Aluminum Co. | 1.300% | 8/15/25 | 5,850 | 5,872 | ||
Rio Tinto Finance USA Ltd. | 3.750% | 6/15/25 | 25,097 | 27,645 | ||
RPM International Inc. | 3.450% | 11/15/22 | 4,009 | 4,118 | ||
Sherwin-Williams Co. | 3.125% | 6/1/24 | 32,150 | 34,185 | ||
Sherwin-Williams Co. | 3.450% | 8/1/25 | 7,483 | 8,144 | ||
Southern Copper Corp. | 3.500% | 11/8/22 | 4,565 | 4,717 | ||
Southern Copper Corp. | 3.875% | 4/23/25 | 8,742 | 9,522 | ||
Steel Dynamics Inc. | 2.800% | 12/15/24 | 8,885 | 9,365 | ||
Steel Dynamics Inc. | 2.400% | 6/15/25 | 9,395 | 9,798 | ||
Vale Overseas Ltd. | 6.250% | 8/10/26 | 36,973 | 44,607 | ||
Vulcan Materials Co. | 4.500% | 4/1/25 | 6,355 | 7,073 | ||
Westlake Chemical Corp. | 3.600% | 8/15/26 | 16,983 | 18,740 | ||
WestRock RKT LLC | 4.000% | 3/1/23 | 8,745 | 9,115 | ||
WRKCo Inc. | 3.000% | 9/15/24 | 12,411 | 13,124 | ||
WRKCo Inc. | 3.750% | 3/15/25 | 19,996 | 21,773 | ||
WRKCo Inc. | 4.650% | 3/15/26 | 16,708 | 19,051 | ||
978,614 | ||||||
Real Estate (3.5%) | ||||||
Alexandria Real Estate Equities Inc. | 3.450% | 4/30/25 | 20,908 | 22,699 | ||
Alexandria Real Estate Equities Inc. | 4.300% | 1/15/26 | 1,437 | 1,617 | ||
Alexandria Real Estate Equities Inc. | 3.800% | 4/15/26 | 8,292 | 9,242 | ||
American Campus Communities Operating Partnership LP | 3.750% | 4/15/23 | 7,393 | 7,715 | ||
American Campus Communities Operating Partnership LP | 4.125% | 7/1/24 | 9,174 | 9,991 | ||
American Campus Communities Operating Partnership LP | 3.300% | 7/15/26 | 8,703 | 9,374 | ||
American Tower Corp. | 3.500% | 1/31/23 | 25,520 | 26,623 | ||
American Tower Corp. | 3.000% | 6/15/23 | 16,145 | 16,851 | ||
American Tower Corp. | 0.600% | 1/15/24 | 6,558 | 6,555 | ||
American Tower Corp. | 5.000% | 2/15/24 | 18,010 | 19,854 | ||
American Tower Corp. | 3.375% | 5/15/24 | 19,303 | 20,604 | ||
American Tower Corp. | 2.950% | 1/15/25 | 17,366 | 18,429 | ||
American Tower Corp. | 2.400% | 3/15/25 | 15,090 | 15,752 | ||
American Tower Corp. | 4.000% | 6/1/25 | 12,820 | 14,075 | ||
American Tower Corp. | 1.300% | 9/15/25 | 13,943 | 14,014 | ||
American Tower Corp. | 4.400% | 2/15/26 | 13,072 | 14,728 | ||
American Tower Corp. | 1.600% | 4/15/26 | 12,337 | 12,466 | ||
1 | AvalonBay Communities Inc. | 2.950% | 9/15/22 | 8,925 | 9,107 | |
1 | AvalonBay Communities Inc. | 4.200% | 12/15/23 | 6,728 | 7,235 | |
1 | AvalonBay Communities Inc. | 3.500% | 11/15/24 | 7,885 | 8,509 | |
1 | AvalonBay Communities Inc. | 3.450% | 6/1/25 | 11,107 | 12,101 | |
1 | AvalonBay Communities Inc. | 3.500% | 11/15/25 | 5,919 | 6,489 | |
1 | AvalonBay Communities Inc. | 2.950% | 5/11/26 | 11,416 | 12,338 | |
Boston Properties LP | 3.850% | 2/1/23 | 16,706 | 17,351 | ||
Boston Properties LP | 3.125% | 9/1/23 | 18,343 | 19,186 | ||
Boston Properties LP | 3.800% | 2/1/24 | 16,876 | 17,982 | ||
Boston Properties LP | 3.200% | 1/15/25 | 14,558 | 15,549 | ||
Boston Properties LP | 3.650% | 2/1/26 | 19,863 | 21,867 | ||
Brandywine Operating Partnership LP | 3.950% | 2/15/23 | 5,217 | 5,430 | ||
Brandywine Operating Partnership LP | 4.100% | 10/1/24 | 6,651 | 7,190 | ||
Brixmor Operating Partnership LP | 3.250% | 9/15/23 | 9,497 | 9,986 | ||
Brixmor Operating Partnership LP | 3.650% | 6/15/24 | 13,013 | 13,955 | ||
Brixmor Operating Partnership LP | 3.850% | 2/1/25 | 14,122 | 15,319 | ||
Brixmor Operating Partnership LP | 4.125% | 6/15/26 | 8,153 | 9,122 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Camden Property Trust | 2.950% | 12/15/22 | 8,851 | 9,085 | ||
CBRE Services Inc. | 4.875% | 3/1/26 | 12,963 | 14,917 | ||
CC Holdings GS V LLC | 3.849% | 4/15/23 | 30,993 | 32,652 | ||
Columbia Property Trust Operating Partnership LP | 4.150% | 4/1/25 | 7,863 | 8,503 | ||
Columbia Property Trust Operating Partnership LP | 3.650% | 8/15/26 | 7,076 | 7,542 | ||
Corporate Office Properties LP | 5.000% | 7/1/25 | 7,242 | 8,151 | ||
Corporate Office Properties LP | 2.250% | 3/15/26 | 6,780 | 6,988 | ||
Crown Castle International Corp. | 3.150% | 7/15/23 | 11,353 | 11,889 | ||
Crown Castle International Corp. | 3.200% | 9/1/24 | 19,201 | 20,488 | ||
Crown Castle International Corp. | 1.350% | 7/15/25 | 10,448 | 10,534 | ||
Crown Castle International Corp. | 4.450% | 2/15/26 | 22,325 | 25,141 | ||
Crown Castle International Corp. | 3.700% | 6/15/26 | 21,922 | 24,135 | ||
Crown Castle International Corp. | 1.050% | 7/15/26 | 9,040 | 8,901 | ||
CubeSmart LP | 4.375% | 12/15/23 | 4,495 | 4,839 | ||
CubeSmart LP | 4.000% | 11/15/25 | 6,956 | 7,670 | ||
CyrusOne LP | 2.900% | 11/15/24 | 13,230 | 13,883 | ||
Digital Realty Trust LP | 4.750% | 10/1/25 | 10,853 | 12,316 | ||
Duke Realty LP | 3.750% | 12/1/24 | 4,870 | 5,283 | ||
Duke Realty LP | 3.250% | 6/30/26 | 7,368 | 8,013 | ||
Equinix Inc. | 2.625% | 11/18/24 | 29,102 | 30,584 | ||
Equinix Inc. | 1.250% | 7/15/25 | 10,501 | 10,507 | ||
Equinix Inc. | 1.000% | 9/15/25 | 15,672 | 15,593 | ||
Equinix Inc. | 1.450% | 5/15/26 | 11,000 | 11,033 | ||
ERP Operating LP | 3.000% | 4/15/23 | 10,108 | 10,472 | ||
ERP Operating LP | 3.375% | 6/1/25 | 13,431 | 14,545 | ||
Essex Portfolio LP | 3.250% | 5/1/23 | 8,955 | 9,302 | ||
Essex Portfolio LP | 3.875% | 5/1/24 | 7,777 | 8,350 | ||
Essex Portfolio LP | 3.500% | 4/1/25 | 16,984 | 18,384 | ||
Essex Portfolio LP | 3.375% | 4/15/26 | 4,462 | 4,857 | ||
Federal Realty Investment Trust | 3.950% | 1/15/24 | 11,003 | 11,762 | ||
Federal Realty Investment Trust | 1.250% | 2/15/26 | 10,829 | 10,813 | ||
GLP Capital LP | 5.375% | 11/1/23 | 10,430 | 11,307 | ||
GLP Capital LP | 3.350% | 9/1/24 | 12,368 | 13,058 | ||
GLP Capital LP | 5.250% | 6/1/25 | 18,775 | 21,068 | ||
GLP Capital LP | 5.375% | 4/15/26 | 15,768 | 18,078 | ||
Healthcare Trust of America Holdings LP | 3.500% | 8/1/26 | 12,634 | 13,822 | ||
Healthpeak Properties Inc. | 3.400% | 2/1/25 | 8,567 | 9,196 | ||
Healthpeak Properties Inc. | 4.000% | 6/1/25 | 7,247 | 7,986 | ||
Healthpeak Properties Inc. | 3.250% | 7/15/26 | 13,227 | 14,393 | ||
Highwoods Realty LP | 3.625% | 1/15/23 | 1,360 | 1,404 | ||
1 | Host Hotels & Resorts LP | 3.750% | 10/15/23 | 9,736 | 10,241 | |
Host Hotels & Resorts LP | 3.875% | 4/1/24 | 9,707 | 10,337 | ||
1 | Host Hotels & Resorts LP | 4.000% | 6/15/25 | 10,752 | 11,625 | |
1 | Host Hotels & Resorts LP | 4.500% | 2/1/26 | 8,552 | 9,445 | |
Kilroy Realty LP | 3.800% | 1/15/23 | 2,125 | 2,200 | ||
Kilroy Realty LP | 3.450% | 12/15/24 | 9,170 | 9,804 | ||
Kilroy Realty LP | 4.375% | 10/1/25 | 12,421 | 13,836 | ||
Kimco Realty Corp. | 3.400% | 11/1/22 | 7,189 | 7,404 | ||
Kimco Realty Corp. | 3.125% | 6/1/23 | 6,743 | 7,011 | ||
Kimco Realty Corp. | 2.700% | 3/1/24 | 9,787 | 10,222 | ||
Kimco Realty Corp. | 3.300% | 2/1/25 | 14,064 | 15,108 | ||
LifeStorage LP | 3.500% | 7/1/26 | 11,534 | 12,675 | ||
Mid-America Apartments LP | 4.300% | 10/15/23 | 7,080 | 7,569 | ||
Mid-America Apartments LP | 3.750% | 6/15/24 | 7,042 | 7,574 | ||
Mid-America Apartments LP | 4.000% | 11/15/25 | 8,908 | 9,886 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Mid-America Apartments LP | 1.100% | 9/15/26 | 5,350 | 5,341 | ||
National Retail Properties Inc. | 3.900% | 6/15/24 | 7,373 | 7,952 | ||
National Retail Properties Inc. | 4.000% | 11/15/25 | 9,262 | 10,278 | ||
Office Properties Income Trust | 4.250% | 5/15/24 | 6,536 | 6,973 | ||
Office Properties Income Trust | 4.500% | 2/1/25 | 13,517 | 14,614 | ||
Office Properties Income Trust | 2.650% | 6/15/26 | 2,338 | 2,386 | ||
Omega Healthcare Investors Inc. | 4.375% | 8/1/23 | 12,580 | 13,362 | ||
Omega Healthcare Investors Inc. | 4.950% | 4/1/24 | 10,363 | 11,296 | ||
Omega Healthcare Investors Inc. | 4.500% | 1/15/25 | 8,698 | 9,552 | ||
Omega Healthcare Investors Inc. | 5.250% | 1/15/26 | 14,012 | 15,996 | ||
Piedmont Operating Partnership LP | 3.400% | 6/1/23 | 8,766 | 9,099 | ||
Piedmont Operating Partnership LP | 4.450% | 3/15/24 | 6,595 | 7,084 | ||
Public Storage | 2.370% | 9/15/22 | 13,077 | 13,337 | ||
Public Storage | 0.875% | 2/15/26 | 10,825 | 10,751 | ||
Realty Income Corp. | 4.650% | 8/1/23 | 25,178 | 26,938 | ||
Realty Income Corp. | 3.875% | 7/15/24 | 10,056 | 10,871 | ||
Realty Income Corp. | 3.875% | 4/15/25 | 13,474 | 14,838 | ||
Realty Income Corp. | 0.750% | 3/15/26 | 1,632 | 1,603 | ||
Retail Properties of America Inc. | 4.000% | 3/15/25 | 1,100 | 1,176 | ||
Sabra Health Care LP | 4.800% | 6/1/24 | 8,299 | 9,066 | ||
Sabra Health Care LP | 5.125% | 8/15/26 | 10,221 | 11,526 | ||
Simon Property Group LP | 2.750% | 2/1/23 | 14,888 | 15,308 | ||
Simon Property Group LP | 2.750% | 6/1/23 | 14,096 | 14,604 | ||
Simon Property Group LP | 3.750% | 2/1/24 | 11,029 | 11,792 | ||
Simon Property Group LP | 2.000% | 9/13/24 | 28,259 | 29,280 | ||
Simon Property Group LP | 3.375% | 10/1/24 | 17,382 | 18,665 | ||
Simon Property Group LP | 3.500% | 9/1/25 | 26,821 | 29,256 | ||
Simon Property Group LP | 3.300% | 1/15/26 | 12,275 | 13,309 | ||
SITE Centers Corp. | 3.625% | 2/1/25 | 7,468 | 7,917 | ||
SITE Centers Corp. | 4.250% | 2/1/26 | 2,831 | 3,097 | ||
SL Green Operating Partnership LP | 3.250% | 10/15/22 | 6,794 | 6,976 | ||
SL Green Realty Corp. | 4.500% | 12/1/22 | 6,258 | 6,487 | ||
Ventas Realty LP | 3.125% | 6/15/23 | 9,417 | 9,870 | ||
Ventas Realty LP | 3.500% | 4/15/24 | 8,023 | 8,550 | ||
Ventas Realty LP | 3.750% | 5/1/24 | 7,008 | 7,493 | ||
Ventas Realty LP | 2.650% | 1/15/25 | 7,988 | 8,380 | ||
Ventas Realty LP | 3.500% | 2/1/25 | 11,824 | 12,709 | ||
Ventas Realty LP | 4.125% | 1/15/26 | 15,135 | 16,842 | ||
VEREIT Operating Partnership LP | 4.600% | 2/6/24 | 13,964 | 15,130 | ||
VEREIT Operating Partnership LP | 4.625% | 11/1/25 | 9,527 | 10,796 | ||
VEREIT Operating Partnership LP | 4.875% | 6/1/26 | 11,803 | 13,634 | ||
Vornado Realty LP | 3.500% | 1/15/25 | 9,119 | 9,718 | ||
Vornado Realty LP | 2.150% | 6/1/26 | 10,134 | 10,379 | ||
Weingarten Realty Investors | 3.375% | 10/15/22 | 1,709 | 1,751 | ||
Weingarten Realty Investors | 3.500% | 4/15/23 | 2,965 | 3,077 | ||
Welltower Inc. | 4.500% | 1/15/24 | 10,308 | 11,131 | ||
Welltower Inc. | 3.625% | 3/15/24 | 25,627 | 27,367 | ||
Welltower Inc. | 4.000% | 6/1/25 | 42,550 | 46,804 | ||
Welltower Inc. | 4.250% | 4/1/26 | 2,591 | 2,912 | ||
Weyerhaeuser Co. | 8.500% | 1/15/25 | 4,534 | 5,629 | ||
WP Carey Inc. | 4.600% | 4/1/24 | 8,578 | 9,330 | ||
WP Carey Inc. | 4.000% | 2/1/25 | 9,361 | 10,196 | ||
1,714,114 | ||||||
Technology (9.1%) | ||||||
Adobe Inc. | 1.700% | 2/1/23 | 19,201 | 19,600 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Adobe Inc. | 1.900% | 2/1/25 | 15,217 | 15,792 | ||
Adobe Inc. | 3.250% | 2/1/25 | 18,698 | 20,161 | ||
Advanced Micro Devices Inc. | 7.500% | 8/15/22 | 15 | 16 | ||
Altera Corp. | 4.100% | 11/15/23 | 14,972 | 16,164 | ||
Analog Devices Inc. | 2.875% | 6/1/23 | 7,696 | 7,986 | ||
Analog Devices Inc. | 3.125% | 12/5/23 | 10,539 | 11,122 | ||
Analog Devices Inc. | 2.950% | 4/1/25 | 12,084 | 12,920 | ||
Analog Devices Inc. | 3.900% | 12/15/25 | 15,840 | 17,651 | ||
Apple Inc. | 1.700% | 9/11/22 | 17,135 | 17,400 | ||
Apple Inc. | 2.100% | 9/12/22 | 16,349 | 16,642 | ||
Apple Inc. | 2.400% | 1/13/23 | 28,433 | 29,220 | ||
Apple Inc. | 2.850% | 2/23/23 | 26,024 | 26,913 | ||
Apple Inc. | 2.400% | 5/3/23 | 114,009 | 118,080 | ||
Apple Inc. | 0.750% | 5/11/23 | 47,666 | 48,075 | ||
Apple Inc. | 3.000% | 2/9/24 | 43,829 | 46,354 | ||
Apple Inc. | 3.450% | 5/6/24 | 51,518 | 55,568 | ||
Apple Inc. | 2.850% | 5/11/24 | 59,239 | 62,783 | ||
Apple Inc. | 1.800% | 9/11/24 | 19,453 | 20,168 | ||
Apple Inc. | 2.750% | 1/13/25 | 19,607 | 20,865 | ||
Apple Inc. | 2.500% | 2/9/25 | 27,253 | 28,820 | ||
Apple Inc. | 1.125% | 5/11/25 | 55,441 | 56,095 | ||
Apple Inc. | 3.200% | 5/13/25 | 53,111 | 57,659 | ||
Apple Inc. | 0.550% | 8/20/25 | 14,341 | 14,216 | ||
Apple Inc. | 0.700% | 2/8/26 | 53,460 | 53,139 | ||
Apple Inc. | 3.250% | 2/23/26 | 81,179 | 88,958 | ||
Apple Inc. | 2.450% | 8/4/26 | 48,000 | 51,203 | ||
Applied Materials Inc. | 3.900% | 10/1/25 | 14,416 | 16,057 | ||
Arrow Electronics Inc. | 4.500% | 3/1/23 | 5,850 | 6,127 | ||
Arrow Electronics Inc. | 3.250% | 9/8/24 | 14,271 | 15,135 | ||
Arrow Electronics Inc. | 4.000% | 4/1/25 | 4,870 | 5,269 | ||
Autodesk Inc. | 3.600% | 12/15/22 | 3,365 | 3,471 | ||
Autodesk Inc. | 4.375% | 6/15/25 | 9,724 | 10,836 | ||
Automatic Data Processing Inc. | 3.375% | 9/15/25 | 21,691 | 23,766 | ||
Avnet Inc. | 4.875% | 12/1/22 | 6,487 | 6,814 | ||
Avnet Inc. | 4.625% | 4/15/26 | 12,991 | 14,568 | ||
Broadcom Corp. | 3.625% | 1/15/24 | 863 | 917 | ||
Broadcom Corp. | 3.125% | 1/15/25 | 1,360 | 1,446 | ||
Broadcom Inc. | 2.250% | 11/15/23 | 7,476 | 7,723 | ||
Broadcom Inc. | 3.625% | 10/15/24 | 13,422 | 14,515 | ||
Broadcom Inc. | 4.700% | 4/15/25 | 27,352 | 30,615 | ||
Broadcom Inc. | 3.150% | 11/15/25 | 52,222 | 55,941 | ||
Broadcom Inc. | 4.250% | 4/15/26 | 24,370 | 27,252 | ||
Broadridge Financial Solutions Inc. | 3.400% | 6/27/26 | 10,537 | 11,582 | ||
Cadence Design Systems Inc. | 4.375% | 10/15/24 | 7,232 | 7,930 | ||
CDW LLC | 4.125% | 5/1/25 | 6,900 | 7,174 | ||
Cisco Systems Inc. | 2.600% | 2/28/23 | 8,911 | 9,225 | ||
Cisco Systems Inc. | 2.200% | 9/20/23 | 19,051 | 19,753 | ||
Cisco Systems Inc. | 3.625% | 3/4/24 | 19,151 | 20,671 | ||
Cisco Systems Inc. | 3.500% | 6/15/25 | 6,443 | 7,097 | ||
Cisco Systems Inc. | 2.950% | 2/28/26 | 17,616 | 19,215 | ||
Citrix Systems Inc. | 1.250% | 3/1/26 | 17,475 | 17,265 | ||
Dell International LLC | 5.450% | 6/15/23 | 81,100 | 87,432 | ||
Dell International LLC | 4.000% | 7/15/24 | 23,772 | 25,805 | ||
Dell International LLC | 5.850% | 7/15/25 | 29,171 | 34,080 | ||
Dell International LLC | 6.020% | 6/15/26 | 78,062 | 93,418 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Dell International LLC | 4.900% | 10/1/26 | 16,000 | 18,518 | ||
DXC Technology Co. | 4.250% | 4/15/24 | 12,513 | 13,509 | ||
DXC Technology Co. | 4.125% | 4/15/25 | 23,832 | 26,159 | ||
Equifax Inc. | 3.300% | 12/15/22 | 16,494 | 16,981 | ||
Equifax Inc. | 3.950% | 6/15/23 | 8,605 | 9,101 | ||
Equifax Inc. | 2.600% | 12/1/24 | 18,437 | 19,401 | ||
Equifax Inc. | 2.600% | 12/15/25 | 12,981 | 13,733 | ||
Fidelity National Information Services Inc. | 0.375% | 3/1/23 | 19,151 | 19,148 | ||
Fidelity National Information Services Inc. | 0.600% | 3/1/24 | 17,134 | 17,136 | ||
Fidelity National Information Services Inc. | 1.150% | 3/1/26 | 31,960 | 31,829 | ||
Fiserv Inc. | 3.500% | 10/1/22 | 17,172 | 17,626 | ||
Fiserv Inc. | 3.800% | 10/1/23 | 35,882 | 38,264 | ||
Fiserv Inc. | 2.750% | 7/1/24 | 55,468 | 58,608 | ||
Fiserv Inc. | 3.850% | 6/1/25 | 10,193 | 11,192 | ||
Fiserv Inc. | 3.200% | 7/1/26 | 43,000 | 46,741 | ||
Flex Ltd. | 5.000% | 2/15/23 | 8,423 | 8,925 | ||
Flex Ltd. | 4.750% | 6/15/25 | 13,186 | 14,683 | ||
Flex Ltd. | 3.750% | 2/1/26 | 16,377 | 17,871 | ||
Fortinet Inc. | 1.000% | 3/15/26 | 10,938 | 10,869 | ||
Genpact Luxembourg Sarl | 3.375% | 12/1/24 | 3,602 | 3,854 | ||
Harman International Industries Inc. | 4.150% | 5/15/25 | 6,278 | 6,918 | ||
Hewlett Packard Enterprise Co. | 4.400% | 10/15/22 | 38,262 | 39,682 | ||
Hewlett Packard Enterprise Co. | 2.250% | 4/1/23 | 15,400 | 15,800 | ||
Hewlett Packard Enterprise Co. | 4.450% | 10/2/23 | 22,727 | 24,455 | ||
Hewlett Packard Enterprise Co. | 1.450% | 4/1/24 | 22,291 | 22,670 | ||
Hewlett Packard Enterprise Co. | 4.650% | 10/1/24 | 22,263 | 24,691 | ||
Hewlett Packard Enterprise Co. | 4.900% | 10/15/25 | 52,051 | 59,317 | ||
Hewlett Packard Enterprise Co. | 1.750% | 4/1/26 | 16,733 | 17,070 | ||
HP Inc. | 4.050% | 9/15/22 | 8,753 | 9,078 | ||
HP Inc. | 2.200% | 6/17/25 | 28,218 | 29,277 | ||
3 | HP Inc. | 1.450% | 6/17/26 | 22,750 | 22,730 | |
Hubbell Inc. | 3.350% | 3/1/26 | 6,098 | 6,595 | ||
IHS Markit Ltd. | 4.125% | 8/1/23 | 7,760 | 8,240 | ||
IHS Markit Ltd. | 3.625% | 5/1/24 | 6,250 | 6,667 | ||
Intel Corp. | 2.700% | 12/15/22 | 34,030 | 35,106 | ||
Intel Corp. | 2.875% | 5/11/24 | 29,313 | 31,092 | ||
Intel Corp. | 3.400% | 3/25/25 | 41,293 | 44,909 | ||
Intel Corp. | 3.700% | 7/29/25 | 46,637 | 51,371 | ||
Intel Corp. | 2.600% | 5/19/26 | 22,363 | 23,987 | ||
International Business Machines Corp. | 2.875% | 11/9/22 | 36,889 | 38,022 | ||
International Business Machines Corp. | 3.375% | 8/1/23 | 33,601 | 35,501 | ||
International Business Machines Corp. | 3.625% | 2/12/24 | 29,365 | 31,540 | ||
International Business Machines Corp. | 3.000% | 5/15/24 | 54,999 | 58,523 | ||
International Business Machines Corp. | 7.000% | 10/30/25 | 8,075 | 10,045 | ||
International Business Machines Corp. | 3.450% | 2/19/26 | 33,980 | 37,492 | ||
International Business Machines Corp. | 3.300% | 5/15/26 | 77,579 | 85,413 | ||
Intuit Inc. | 0.650% | 7/15/23 | 11,574 | 11,639 | ||
Intuit Inc. | 0.950% | 7/15/25 | 10,293 | 10,334 | ||
1 | J Paul Getty Trust | 0.391% | 1/1/24 | 300 | 299 | |
Jabil Inc. | 4.700% | 9/15/22 | 10,748 | 11,210 | ||
Jabil Inc. | 1.700% | 4/15/26 | 2,090 | 2,111 | ||
Juniper Networks Inc. | 1.200% | 12/10/25 | 12,783 | 12,774 | ||
KLA Corp. | 4.650% | 11/1/24 | 25,563 | 28,373 | ||
Lam Research Corp. | 3.800% | 3/15/25 | 10,321 | 11,320 | ||
Lam Research Corp. | 3.750% | 3/15/26 | 14,800 | 16,534 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Legrand France SA | 8.500% | 2/15/25 | 7,880 | 9,811 | ||
Leidos Inc. | 2.950% | 5/15/23 | 11,789 | 12,227 | ||
Leidos Inc. | 3.625% | 5/15/25 | 9,903 | 10,734 | ||
3 | Marvell Technology Inc. | 4.200% | 6/22/23 | 9,546 | 10,114 | |
Maxim Integrated Products Inc. | 3.375% | 3/15/23 | 9,501 | 9,855 | ||
Microchip Technology Inc. | 4.333% | 6/1/23 | 22,662 | 24,031 | ||
Microchip Technology Inc. | 2.670% | 9/1/23 | 825 | 857 | ||
Micron Technology Inc. | 2.497% | 4/24/23 | 25,127 | 25,933 | ||
Micron Technology Inc. | 4.640% | 2/6/24 | 11,691 | 12,723 | ||
Micron Technology Inc. | 4.975% | 2/6/26 | 13,542 | 15,584 | ||
Microsoft Corp. | 2.650% | 11/3/22 | 22,118 | 22,669 | ||
Microsoft Corp. | 2.125% | 11/15/22 | 18,042 | 18,457 | ||
Microsoft Corp. | 2.375% | 5/1/23 | 24,295 | 25,033 | ||
Microsoft Corp. | 2.000% | 8/8/23 | 26,670 | 27,514 | ||
Microsoft Corp. | 3.625% | 12/15/23 | 26,006 | 27,809 | ||
Microsoft Corp. | 2.875% | 2/6/24 | 65,187 | 68,838 | ||
Microsoft Corp. | 2.700% | 2/12/25 | 46,321 | 49,365 | ||
Microsoft Corp. | 3.125% | 11/3/25 | 66,158 | 72,143 | ||
Microsoft Corp. | 2.400% | 8/8/26 | 84,692 | 90,572 | ||
Moody's Corp. | 4.500% | 9/1/22 | 11,924 | 12,285 | ||
Moody's Corp. | 2.625% | 1/15/23 | 13,715 | 14,114 | ||
Moody's Corp. | 4.875% | 2/15/24 | 10,616 | 11,610 | ||
Moody's Corp. | 3.750% | 3/24/25 | 10,446 | 11,416 | ||
Motorola Solutions Inc. | 4.000% | 9/1/24 | 12,267 | 13,394 | ||
NetApp Inc. | 3.300% | 9/29/24 | 9,189 | 9,816 | ||
NetApp Inc. | 1.875% | 6/22/25 | 15,737 | 16,208 | ||
NVIDIA Corp. | 0.309% | 6/15/23 | 19,250 | 19,254 | ||
NVIDIA Corp. | 0.584% | 6/14/24 | 9,641 | 9,665 | ||
3 | NXP BV | 4.875% | 3/1/24 | 23,928 | 26,203 | |
3 | NXP BV | 2.700% | 5/1/25 | 19,134 | 20,130 | |
3 | NXP BV | 5.350% | 3/1/26 | 7,449 | 8,678 | |
3 | NXP BV | 3.875% | 6/18/26 | 16,594 | 18,393 | |
Oracle Corp. | 2.500% | 10/15/22 | 74,604 | 76,418 | ||
Oracle Corp. | 2.625% | 2/15/23 | 45,631 | 47,026 | ||
Oracle Corp. | 3.625% | 7/15/23 | 22,146 | 23,445 | ||
Oracle Corp. | 2.400% | 9/15/23 | 56,689 | 58,741 | ||
Oracle Corp. | 3.400% | 7/8/24 | 39,626 | 42,421 | ||
Oracle Corp. | 2.950% | 11/15/24 | 42,200 | 44,936 | ||
Oracle Corp. | 2.500% | 4/1/25 | 75,695 | 79,404 | ||
Oracle Corp. | 2.950% | 5/15/25 | 41,318 | 43,970 | ||
Oracle Corp. | 1.650% | 3/25/26 | 61,212 | 62,195 | ||
Oracle Corp. | 2.650% | 7/15/26 | 61,894 | 65,560 | ||
QUALCOMM Inc. | 2.600% | 1/30/23 | 15,973 | 16,477 | ||
QUALCOMM Inc. | 2.900% | 5/20/24 | 16,381 | 17,384 | ||
QUALCOMM Inc. | 3.450% | 5/20/25 | 31,460 | 34,251 | ||
RELX Capital Inc. | 3.500% | 3/16/23 | 13,837 | 14,449 | ||
Roper Technologies Inc. | 2.800% | 12/15/21 | 8,923 | 8,968 | ||
Roper Technologies Inc. | 3.125% | 11/15/22 | 7,429 | 7,624 | ||
Roper Technologies Inc. | 3.650% | 9/15/23 | 17,125 | 18,186 | ||
Roper Technologies Inc. | 2.350% | 9/15/24 | 10,155 | 10,630 | ||
Roper Technologies Inc. | 1.000% | 9/15/25 | 16,323 | 16,287 | ||
Roper Technologies Inc. | 3.850% | 12/15/25 | 3,113 | 3,446 | ||
S&P Global Inc. | 4.000% | 6/15/25 | 13,613 | 15,094 | ||
salesforce.com Inc. | 3.250% | 4/11/23 | 22,690 | 23,723 | ||
Skyworks Solutions Inc. | 1.800% | 6/1/26 | 12,884 | 13,098 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
3 | SYNNEX Corp. | 1.750% | 8/9/26 | 12,175 | 12,125 | |
Texas Instruments Inc. | 2.250% | 5/1/23 | 5,625 | 5,784 | ||
Texas Instruments Inc. | 2.625% | 5/15/24 | 13,084 | 13,775 | ||
Texas Instruments Inc. | 1.375% | 3/12/25 | 23,270 | 23,734 | ||
Verisk Analytics Inc. | 4.125% | 9/12/22 | 11,900 | 12,332 | ||
Verisk Analytics Inc. | 4.000% | 6/15/25 | 21,661 | 23,915 | ||
VMware Inc. | 0.600% | 8/15/23 | 29,640 | 29,672 | ||
VMware Inc. | 1.000% | 8/15/24 | 7,000 | 7,029 | ||
VMware Inc. | 4.500% | 5/15/25 | 20,251 | 22,623 | ||
VMware Inc. | 1.400% | 8/15/26 | 34,140 | 34,103 | ||
Xilinx Inc. | 2.950% | 6/1/24 | 16,248 | 17,158 | ||
4,501,020 | ||||||
Utilities (4.9%) | ||||||
AEP Texas Inc. | 2.400% | 10/1/22 | 6,875 | 7,019 | ||
AES Corp. | 1.375% | 1/15/26 | 16,301 | 16,205 | ||
1 | Alabama Power Co. | 2.450% | 3/30/22 | 13,115 | 13,258 | |
1 | Alabama Power Co. | 3.550% | 12/1/23 | 6,299 | 6,736 | |
Ameren Corp. | 2.500% | 9/15/24 | 13,396 | 14,039 | ||
Ameren Corp. | 3.650% | 2/15/26 | 5,739 | 6,287 | ||
Ameren Illinois Co. | 2.700% | 9/1/22 | 5,442 | 5,540 | ||
Ameren Illinois Co. | 3.250% | 3/1/25 | 4,877 | 5,250 | ||
1 | American Electric Power Co. Inc. | 2.950% | 12/15/22 | 21,153 | 21,701 | |
1 | American Electric Power Co. Inc. | 0.750% | 11/1/23 | 2,000 | 2,000 | |
1 | American Electric Power Co. Inc. | 1.000% | 11/1/25 | 3,562 | 3,542 | |
American Water Capital Corp. | 3.850% | 3/1/24 | 5,057 | 5,438 | ||
American Water Capital Corp. | 3.400% | 3/1/25 | 14,942 | 16,187 | ||
Appalachian Power Co. | 3.400% | 6/1/25 | 4,629 | 4,992 | ||
Arizona Public Service Co. | 3.150% | 5/15/25 | 5,789 | 6,213 | ||
Atmos Energy Corp. | 0.625% | 3/9/23 | 14,000 | 14,001 | ||
Avangrid Inc. | 3.150% | 12/1/24 | 14,446 | 15,425 | ||
Avangrid Inc. | 3.200% | 4/15/25 | 14,972 | 16,036 | ||
Baltimore Gas & Electric Co. | 3.350% | 7/1/23 | 7,765 | 8,122 | ||
Baltimore Gas & Electric Co. | 2.400% | 8/15/26 | 7,069 | 7,461 | ||
Berkshire Hathaway Energy Co. | 2.800% | 1/15/23 | 11,922 | 12,294 | ||
Berkshire Hathaway Energy Co. | 3.750% | 11/15/23 | 11,349 | 12,103 | ||
Berkshire Hathaway Energy Co. | 3.500% | 2/1/25 | 8,340 | 9,010 | ||
Berkshire Hathaway Energy Co. | 4.050% | 4/15/25 | 27,224 | 30,110 | ||
Black Hills Corp. | 4.250% | 11/30/23 | 7,562 | 8,104 | ||
Black Hills Corp. | 1.037% | 8/23/24 | 12,230 | 12,250 | ||
Black Hills Corp. | 3.950% | 1/15/26 | 8,975 | 9,875 | ||
CenterPoint Energy Inc. | 2.500% | 9/1/22 | 15,245 | 15,544 | ||
CenterPoint Energy Inc. | 3.850% | 2/1/24 | 4,124 | 4,412 | ||
CenterPoint Energy Inc. | 2.500% | 9/1/24 | 13,758 | 14,407 | ||
CenterPoint Energy Inc. | 1.450% | 6/1/26 | 773 | 779 | ||
CenterPoint Energy Resources Corp. | 3.550% | 4/1/23 | 8,789 | 9,193 | ||
Cleco Corporate Holdings LLC | 3.743% | 5/1/26 | 8,040 | 8,782 | ||
Cleveland Electric Illuminating Co. | 5.500% | 8/15/24 | 2,300 | 2,608 | ||
CMS Energy Corp. | 3.000% | 5/15/26 | 6,050 | 6,510 | ||
Commonwealth Edison Co. | 2.550% | 6/15/26 | 4,337 | 4,617 | ||
Connecticut Light & Power Co. | 2.500% | 1/15/23 | 12,502 | 12,810 | ||
1 | Connecticut Light & Power Co. | 0.750% | 12/1/25 | 8,500 | 8,445 | |
1 | Consolidated Edison Inc. | 0.650% | 12/1/23 | 5,000 | 5,000 | |
Consumers Energy Co. | 0.350% | 6/1/23 | 3,175 | 3,177 | ||
Consumers Energy Co. | 3.375% | 8/15/23 | 11,103 | 11,664 | ||
Delmarva Power & Light Co. | 3.500% | 11/15/23 | 7,933 | 8,416 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Dominion Energy Inc. | 2.750% | 9/15/22 | 6,453 | 6,571 | |
Dominion Energy Inc. | 3.071% | 8/15/24 | 7,625 | 8,089 | ||
1 | Dominion Energy Inc. | 3.300% | 3/15/25 | 11,492 | 12,398 | |
Dominion Energy Inc. | 3.900% | 10/1/25 | 19,897 | 21,908 | ||
1 | Dominion Energy Inc. | 1.450% | 4/15/26 | 11,250 | 11,352 | |
1 | Dominion Energy Inc. | 2.850% | 8/15/26 | 1,212 | 1,295 | |
1 | Dominion Energy Inc. | 5.750% | 10/1/54 | 9,875 | 10,812 | |
DTE Electric Co. | 3.650% | 3/15/24 | 6,581 | 7,034 | ||
DTE Electric Co. | 3.375% | 3/1/25 | 7,375 | 7,961 | ||
1 | DTE Energy Co. | 0.550% | 11/1/22 | 17,848 | 17,894 | |
DTE Energy Co. | 2.250% | 11/1/22 | 16,772 | 17,131 | ||
1 | DTE Energy Co. | 2.529% | 10/1/24 | 22,540 | 23,622 | |
1 | DTE Energy Co. | 1.050% | 6/1/25 | 20,600 | 20,560 | |
DTE Energy Co. | 2.850% | 10/1/26 | 7,000 | 7,491 | ||
Duke Energy Carolinas LLC | 3.350% | 5/15/22 | 7,644 | 7,812 | ||
Duke Energy Carolinas LLC | 2.500% | 3/15/23 | 12,231 | 12,591 | ||
Duke Energy Carolinas LLC | 3.050% | 3/15/23 | 7,691 | 7,997 | ||
Duke Energy Corp. | 3.950% | 10/15/23 | 9,796 | 10,429 | ||
Duke Energy Corp. | 3.750% | 4/15/24 | 20,490 | 21,991 | ||
Duke Energy Corp. | 0.900% | 9/15/25 | 10,925 | 10,841 | ||
Duke Energy Corp. | 2.650% | 9/1/26 | 4,500 | 4,786 | ||
Duke Energy Ohio Inc. | 3.800% | 9/1/23 | 8,131 | 8,609 | ||
Duke Energy Progress LLC | 2.800% | 5/15/22 | 12,741 | 12,887 | ||
Duke Energy Progress LLC | 3.375% | 9/1/23 | 6,503 | 6,869 | ||
Duke Energy Progress LLC | 3.250% | 8/15/25 | 7,385 | 8,026 | ||
Eastern Energy Gas Holdings LLC | 3.550% | 11/1/23 | 6,115 | 6,461 | ||
1 | Eastern Energy Gas Holdings LLC | 2.500% | 11/15/24 | 9,576 | 10,033 | |
Eastern Energy Gas Holdings LLC | 3.600% | 12/15/24 | 7,814 | 8,436 | ||
Edison International | 2.400% | 9/15/22 | 8,696 | 8,830 | ||
Edison International | 3.125% | 11/15/22 | 5,451 | 5,595 | ||
Edison International | 2.950% | 3/15/23 | 7,022 | 7,212 | ||
Edison International | 3.550% | 11/15/24 | 14,186 | 15,076 | ||
Edison International | 4.950% | 4/15/25 | 7,775 | 8,603 | ||
Emera US Finance LP | 3.550% | 6/15/26 | 19,523 | 21,311 | ||
Enel Generacion Chile SA | 4.250% | 4/15/24 | 5,690 | 6,116 | ||
Entergy Arkansas LLC | 3.700% | 6/1/24 | 6,216 | 6,687 | ||
Entergy Arkansas LLC | 3.500% | 4/1/26 | 12,348 | 13,577 | ||
Entergy Corp. | 0.900% | 9/15/25 | 22,859 | 22,580 | ||
Entergy Gulf States Louisiana LLC | 5.590% | 10/1/24 | 5,277 | 6,041 | ||
Entergy Louisiana LLC | 4.050% | 9/1/23 | 8,752 | 9,297 | ||
Entergy Louisiana LLC | 0.620% | 11/17/23 | 9,800 | 9,804 | ||
Entergy Louisiana LLC | 5.400% | 11/1/24 | 7,418 | 8,482 | ||
Evergy Inc. | 2.450% | 9/15/24 | 17,147 | 17,918 | ||
Evergy Kansas Central Inc. | 2.550% | 7/1/26 | 13,015 | 13,788 | ||
Evergy Metro Inc. | 3.150% | 3/15/23 | 6,672 | 6,906 | ||
Evergy Metro Inc. | 3.650% | 8/15/25 | 805 | 881 | ||
Eversource Energy | 2.800% | 5/1/23 | 7,755 | 8,010 | ||
1 | Eversource Energy | 3.800% | 12/1/23 | 6,440 | 6,882 | |
1 | Eversource Energy | 2.900% | 10/1/24 | 9,416 | 9,986 | |
1 | Eversource Energy | 3.150% | 1/15/25 | 7,454 | 7,967 | |
1 | Eversource Energy | 0.800% | 8/15/25 | 6,889 | 6,819 | |
1 | Eversource Energy | 1.400% | 8/15/26 | 2,500 | 2,508 | |
1 | Exelon Corp. | 3.950% | 6/15/25 | 30,451 | 33,439 | |
Exelon Corp. | 3.400% | 4/15/26 | 18,503 | 20,194 | ||
Exelon Generation Co. LLC | 3.400% | 3/15/22 | 6,040 | 6,122 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Exelon Generation Co. LLC | 3.250% | 6/1/25 | 19,899 | 21,401 | ||
Florida Power & Light Co. | 2.750% | 6/1/23 | 5,618 | 5,792 | ||
Florida Power & Light Co. | 3.250% | 6/1/24 | 9,512 | 10,100 | ||
Florida Power & Light Co. | 2.850% | 4/1/25 | 21,505 | 22,944 | ||
Florida Power & Light Co. | 3.125% | 12/1/25 | 15,028 | 16,287 | ||
Georgia Power Co. | 2.850% | 5/15/22 | 7,492 | 7,630 | ||
1 | Georgia Power Co. | 2.100% | 7/30/23 | 30,888 | 31,885 | |
1 | Georgia Power Co. | 2.200% | 9/15/24 | 9,690 | 10,092 | |
Georgia Power Co. | 3.250% | 4/1/26 | 8,965 | 9,712 | ||
Iberdrola International BV | 5.810% | 3/15/25 | 2,796 | 3,241 | ||
Interstate Power & Light Co. | 3.250% | 12/1/24 | 10,942 | 11,733 | ||
IPALCO Enterprises Inc. | 3.700% | 9/1/24 | 9,641 | 10,334 | ||
ITC Holdings Corp. | 2.700% | 11/15/22 | 13,746 | 14,091 | ||
ITC Holdings Corp. | 3.650% | 6/15/24 | 8,873 | 9,507 | ||
ITC Holdings Corp. | 3.250% | 6/30/26 | 8,821 | 9,609 | ||
1 | Louisville Gas & Electric Co. | 3.300% | 10/1/25 | 3,466 | 3,767 | |
MidAmerican Energy Co. | 3.500% | 10/15/24 | 16,904 | 18,271 | ||
National Fuel Gas Co. | 3.750% | 3/1/23 | 6,876 | 7,129 | ||
National Fuel Gas Co. | 5.200% | 7/15/25 | 9,613 | 10,791 | ||
National Fuel Gas Co. | 5.500% | 1/15/26 | 11,020 | 12,745 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 2.300% | 9/15/22 | 9,915 | 10,114 | |
National Rural Utilities Cooperative Finance Corp. | 2.700% | 2/15/23 | 8,500 | 8,757 | ||
National Rural Utilities Cooperative Finance Corp. | 3.400% | 11/15/23 | 10,447 | 11,053 | ||
National Rural Utilities Cooperative Finance Corp. | 2.950% | 2/7/24 | 15,066 | 15,873 | ||
National Rural Utilities Cooperative Finance Corp. | 0.350% | 2/8/24 | 10,028 | 9,975 | ||
National Rural Utilities Cooperative Finance Corp. | 2.850% | 1/27/25 | 13,979 | 14,843 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 3.250% | 11/1/25 | 13,674 | 14,846 | |
National Rural Utilities Cooperative Finance Corp. | 1.000% | 6/15/26 | 5,080 | 5,059 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 4.750% | 4/30/43 | 10,020 | 10,471 | |
1 | National Rural Utilities Cooperative Finance Corp. | 5.250% | 4/20/46 | 5,150 | 5,639 | |
NextEra Energy Capital Holdings Inc. | 1.950% | 9/1/22 | 4,893 | 4,974 | ||
NextEra Energy Capital Holdings Inc. | 2.800% | 1/15/23 | 10,086 | 10,398 | ||
NextEra Energy Capital Holdings Inc. | 0.650% | 3/1/23 | 35,057 | 35,194 | ||
NextEra Energy Capital Holdings Inc. | 3.150% | 4/1/24 | 28,993 | 30,729 | ||
NextEra Energy Capital Holdings Inc. | 2.750% | 5/1/25 | 36,162 | 38,377 | ||
NextEra Energy Capital Holdings Inc. | 3.250% | 4/1/26 | 7,600 | 8,239 | ||
NiSource Inc. | 0.950% | 8/15/25 | 24,839 | 24,669 | ||
Northern States Power Co. | 2.600% | 5/15/23 | 13,615 | 13,985 | ||
NSTAR Electric Co. | 2.375% | 10/15/22 | 8,943 | 9,099 | ||
Oncor Electric Delivery Co. LLC | 7.000% | 9/1/22 | 1,175 | 1,251 | ||
Oncor Electric Delivery Co. LLC | 2.750% | 6/1/24 | 17,149 | 18,141 | ||
Oncor Electric Delivery Co. LLC | 2.950% | 4/1/25 | 5,903 | 6,304 | ||
Oncor Electric Delivery Co. LLC | 0.550% | 10/1/25 | 8,725 | 8,561 | ||
ONE Gas Inc. | 0.850% | 3/11/23 | 7,700 | 7,702 | ||
ONE Gas Inc. | 3.610% | 2/1/24 | 3,797 | 4,023 | ||
ONE Gas Inc. | 1.100% | 3/11/24 | 7,825 | 7,826 | ||
Pacific Gas & Electric Co. | 1.367% | 3/10/23 | 14,750 | 14,702 | ||
Pacific Gas & Electric Co. | 4.250% | 8/1/23 | 9,179 | 9,587 | ||
Pacific Gas & Electric Co. | 3.850% | 11/15/23 | 20,443 | 21,275 | ||
Pacific Gas & Electric Co. | 3.750% | 2/15/24 | 6,933 | 7,202 | ||
Pacific Gas & Electric Co. | 3.500% | 6/15/25 | 16,074 | 16,672 | ||
Pacific Gas & Electric Co. | 3.450% | 7/1/25 | 33,353 | 34,536 | ||
Pacific Gas & Electric Co. | 3.150% | 1/1/26 | 62,466 | 63,825 | ||
PacifiCorp | 2.950% | 6/1/23 | 5,282 | 5,481 | ||
PacifiCorp | 3.600% | 4/1/24 | 6,015 | 6,436 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PECO Energy Co. | 2.375% | 9/15/22 | 6,215 | 6,312 | ||
PECO Energy Co. | 3.150% | 10/15/25 | 724 | 784 | ||
Pinnacle West Capital Corp. | 1.300% | 6/15/25 | 11,480 | 11,585 | ||
Potomac Electric Power Co. | 3.600% | 3/15/24 | 4,511 | 4,822 | ||
PPL Capital Funding Inc. | 3.100% | 5/15/26 | 20,590 | 22,156 | ||
PSEG Power LLC | 3.850% | 6/1/23 | 17,232 | 18,188 | ||
Public Service Co. of Colorado | 2.250% | 9/15/22 | 9,231 | 9,330 | ||
Public Service Co. of New Hampshire | 3.500% | 11/1/23 | 10,686 | 11,314 | ||
1 | Public Service Electric & Gas Co. | 2.375% | 5/15/23 | 9,732 | 10,027 | |
1 | Public Service Electric & Gas Co. | 3.250% | 9/1/23 | 3,149 | 3,318 | |
1 | Public Service Electric & Gas Co. | 3.000% | 5/15/25 | 4,686 | 5,010 | |
1 | Public Service Electric & Gas Co. | 0.950% | 3/15/26 | 5,558 | 5,555 | |
Public Service Enterprise Group Inc. | 2.650% | 11/15/22 | 14,994 | 15,384 | ||
Public Service Enterprise Group Inc. | 2.875% | 6/15/24 | 25,667 | 27,138 | ||
Public Service Enterprise Group Inc. | 0.800% | 8/15/25 | 12,516 | 12,388 | ||
Puget Energy Inc. | 3.650% | 5/15/25 | 9,438 | 10,159 | ||
1 | San Diego Gas & Electric Co. | 3.600% | 9/1/23 | 8,594 | 9,061 | |
San Diego Gas & Electric Co. | 2.500% | 5/15/26 | 5,233 | 5,547 | ||
Sempra Energy | 2.875% | 10/1/22 | 15,371 | 15,671 | ||
Sempra Energy | 2.900% | 2/1/23 | 14,203 | 14,657 | ||
Sempra Energy | 4.050% | 12/1/23 | 11,259 | 12,040 | ||
Sempra Energy | 3.550% | 6/15/24 | 12,140 | 12,989 | ||
Sempra Energy | 3.750% | 11/15/25 | 9,231 | 10,122 | ||
Sierra Pacific Power Co. | 2.600% | 5/1/26 | 13,990 | 14,866 | ||
Southern California Edison Co. | 0.700% | 4/3/23 | 7,350 | 7,377 | ||
1 | Southern California Edison Co. | 3.400% | 6/1/23 | 9,205 | 9,629 | |
1 | Southern California Edison Co. | 0.700% | 8/1/23 | 1,250 | 1,251 | |
1 | Southern California Edison Co. | 3.500% | 10/1/23 | 11,449 | 12,058 | |
Southern California Edison Co. | 1.100% | 4/1/24 | 12,565 | 12,616 | ||
1 | Southern California Edison Co. | 0.975% | 8/1/24 | 3,000 | 3,001 | |
1 | Southern California Edison Co. | 3.700% | 8/1/25 | 20,366 | 22,296 | |
1 | Southern California Edison Co. | 1.200% | 2/1/26 | 8,035 | 8,009 | |
Southern California Gas Co. | 3.150% | 9/15/24 | 8,795 | 9,402 | ||
Southern California Gas Co. | 3.200% | 6/15/25 | 2,758 | 2,965 | ||
1 | Southern California Gas Co. | 2.600% | 6/15/26 | 9,550 | 10,180 | |
Southern Co. | 2.950% | 7/1/23 | 17,137 | 17,850 | ||
1 | Southern Co. | 0.600% | 2/26/24 | 1,915 | 1,915 | |
Southern Co. | 3.250% | 7/1/26 | 38,998 | 42,245 | ||
1 | Southern Co. | 4.000% | 1/15/51 | 26,425 | 28,063 | |
Southern Co. Gas Capital Corp. | 2.450% | 10/1/23 | 12,031 | 12,477 | ||
Southern Co. Gas Capital Corp. | 3.250% | 6/15/26 | 4,831 | 5,225 | ||
Southern Power Co. | 4.150% | 12/1/25 | 4,666 | 5,214 | ||
Southern Power Co. | 0.900% | 1/15/26 | 6,150 | 6,061 | ||
1 | Southwestern Electric Power Co. | 1.650% | 3/15/26 | 12,838 | 13,045 | |
Southwestern Public Service Co. | 3.300% | 6/15/24 | 5,877 | 6,234 | ||
Tucson Electric Power Co. | 3.050% | 3/15/25 | 6,507 | 6,956 | ||
Union Electric Co. | 3.500% | 4/15/24 | 6,833 | 7,301 | ||
Virginia Electric & Power Co. | 3.450% | 9/1/22 | 8,427 | 8,622 | ||
1 | Virginia Electric & Power Co. | 2.750% | 3/15/23 | 28,579 | 29,476 | |
Virginia Electric & Power Co. | 3.450% | 2/15/24 | 6,421 | 6,819 | ||
1 | Virginia Electric & Power Co. | 3.100% | 5/15/25 | 2,583 | 2,767 | |
1 | Virginia Electric & Power Co. | 3.150% | 1/15/26 | 26,407 | 28,671 | |
WEC Energy Group Inc. | 0.550% | 9/15/23 | 7,928 | 7,931 | ||
WEC Energy Group Inc. | 0.800% | 3/15/24 | 14,800 | 14,873 | ||
WEC Energy Group Inc. | 3.550% | 6/15/25 | 10,241 | 11,161 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Wisconsin Electric Power Co. | 2.050% | 12/15/24 | 8,747 | 9,130 | ||
Xcel Energy Inc. | 0.500% | 10/15/23 | 8,724 | 8,743 | ||
Xcel Energy Inc. | 3.300% | 6/1/25 | 12,497 | 13,436 | ||
2,432,380 | ||||||
Total Corporate Bonds (Cost $48,126,211) | 48,866,699 | |||||
Shares | ||||||
Temporary Cash Investments (0.4%) | ||||||
Money Market Fund (0.4%) | ||||||
4 | Vanguard Market Liquidity Fund (Cost $179,568) | 0.068% | 1,795,678 | 179,568 | ||
Total Investments (99.6%) (Cost $48,331,277) | 49,071,765 | |||||
Other Assets and Liabilities—Net (0.4%) | 189,444 | |||||
Net Assets (100%) | 49,261,209 |
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 | Securities with a value of $395,000 have been segregated as initial margin for open futures contracts. |
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 August 31, 2021, the aggregate value was $280,867,000, representing 0.6% 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. |
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 | December 2021 | 559 | 69,159 | 180 |
Short Futures Contracts | ||||
2-Year U.S. Treasury Note | December 2021 | (560) | (123,384) | (33) |
147 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $48,151,709) | 48,892,197 |
Affiliated Issuers (Cost $179,568) | 179,568 |
Total Investments in Securities | 49,071,765 |
Investment in Vanguard | 1,644 |
Receivables for Investment Securities Sold | 644,093 |
Receivables for Accrued Income | 382,736 |
Receivables for Capital Shares Issued | 33,244 |
Total Assets | 50,133,482 |
Liabilities | |
Due to Custodian | 11,139 |
Payables for Investment Securities Purchased | 854,804 |
Payables for Capital Shares Redeemed | 4,477 |
Payables for Distributions | 1,619 |
Payables to Vanguard | 233 |
Variation Margin Payable—Futures Contracts | 1 |
Total Liabilities | 872,273 |
Net Assets | 49,261,209 |
Statement of Assets and Liabilities (continued) | |
At August 31, 2021, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 48,385,255 |
Total Distributable Earnings (Loss) | 875,954 |
Net Assets | 49,261,209 |
ETF Shares—Net Assets | |
Applicable to 502,800,099 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 41,568,917 |
Net Asset Value Per Share—ETF Shares | $82.67 |
Admiral Shares—Net Assets | |
Applicable to 241,671,917 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 5,434,614 |
Net Asset Value Per Share—Admiral Shares | $22.49 |
Institutional Shares—Net Assets | |
Applicable to 82,013,809 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,257,678 |
Net Asset Value Per Share—Institutional Shares | $27.53 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 785,382 |
Total Income | 785,382 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 1,035 |
Management and Administrative—ETF Shares | 12,116 |
Management and Administrative—Admiral Shares | 3,132 |
Management and Administrative—Institutional Shares | 877 |
Marketing and Distribution—ETF Shares | 1,627 |
Marketing and Distribution—Admiral Shares | 227 |
Marketing and Distribution—Institutional Shares | 59 |
Custodian Fees | 113 |
Auditing Fees | 42 |
Shareholders’ Reports—ETF Shares | 607 |
Shareholders’ Reports—Admiral Shares | 35 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 15 |
Total Expenses | 19,886 |
Net Investment Income | 765,496 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 443,039 |
Futures Contracts | 1,657 |
Realized Net Gain (Loss) | 444,696 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (585,115) |
Futures Contracts | 138 |
Change in Unrealized Appreciation (Depreciation) | (584,977) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 625,215 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $130,000, $9,000, and ($9,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $228,237,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 765,496 | 837,979 |
Realized Net Gain (Loss) | 444,696 | 72,751 |
Change in Unrealized Appreciation (Depreciation) | (584,977) | 649,105 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 625,215 | 1,559,835 |
Distributions | ||
ETF Shares | (645,913) | (684,396) |
Admiral Shares | (85,363) | (115,588) |
Institutional Shares | (33,937) | (41,601) |
Total Distributions | (765,213) | (841,585) |
Capital Share Transactions | ||
ETF Shares | 9,889,691 | 6,667,731 |
Admiral Shares | 746,963 | 303,962 |
Institutional Shares | 603,699 | (11,125) |
Net Increase (Decrease) from Capital Share Transactions | 11,240,353 | 6,960,568 |
Total Increase (Decrease) | 11,100,355 | 7,678,818 |
Net Assets | ||
Beginning of Period | 38,160,854 | 30,482,036 |
End of Period | 49,261,209 | 38,160,854 |
ETF Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $82.95 | $81.18 | $78.32 | $80.25 | $80.52 |
Investment Operations | |||||
Net Investment Income1 | 1.433 | 2.127 | 2.311 | 1.950 | 1.768 |
Net Realized and Unrealized Gain (Loss) on Investments | (.250) | 1.815 | 2.826 | (1.953) | (.317) |
Total from Investment Operations | 1.183 | 3.942 | 5.137 | (.003) | 1.451 |
Distributions | |||||
Dividends from Net Investment Income | (1.463) | (2.172) | (2.277) | (1.927) | (1.721) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (1.463) | (2.172) | (2.277) | (1.927) | (1.721) |
Net Asset Value, End of Period | $82.67 | $82.95 | $81.18 | $78.32 | $80.25 |
Total Return | 1.44% | 4.95% | 6.68% | 0.01% | 1.84% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $41,569 | $31,797 | $24,537 | $21,511 | $20,862 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.05% | 0.05% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.73% | 2.62% | 2.92% | 2.48% | 2.21% |
Portfolio Turnover Rate2 | 42% | 56% | 51% | 56% | 66% |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $22.55 | $22.06 | $21.28 | $21.81 | $21.89 |
Investment Operations | |||||
Net Investment Income1 | .385 | .578 | .625 | .532 | .481 |
Net Realized and Unrealized Gain (Loss) on Investments | (.063) | .485 | .777 | (.531) | (.088) |
Total from Investment Operations | .322 | 1.063 | 1.402 | .001 | .393 |
Distributions | |||||
Dividends from Net Investment Income | (.382) | (.573) | (.622) | (.531) | (.473) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.382) | (.573) | (.622) | (.531) | (.473) |
Net Asset Value, End of Period | $22.49 | $22.55 | $22.06 | $21.28 | $21.81 |
Total Return2 | 1.44% | 4.90% | 6.70% | 0.02% | 1.83% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $5,435 | $4,703 | $4,312 | $3,533 | $3,180 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.71% | 2.61% | 2.90% | 2.48% | 2.21% |
Portfolio Turnover Rate3 | 42% | 56% | 51% | 56% | 66% |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $27.61 | $27.00 | $26.06 | $26.70 | $26.80 |
Investment Operations | |||||
Net Investment Income1 | .473 | .713 | .768 | .656 | .594 |
Net Realized and Unrealized Gain (Loss) on Investments | (.080) | .604 | .939 | (.641) | (.111) |
Total from Investment Operations | .393 | 1.317 | 1.707 | .015 | .483 |
Distributions | |||||
Dividends from Net Investment Income | (.473) | (.707) | (.767) | (.655) | (.583) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.473) | (.707) | (.767) | (.655) | (.583) |
Net Asset Value, End of Period | $27.53 | $27.61 | $27.00 | $26.06 | $26.70 |
Total Return | 1.44% | 4.96% | 6.66% | 0.07% | 1.84% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $2,258 | $1,661 | $1,633 | $1,706 | $1,515 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 1.72% | 2.63% | 2.92% | 2.50% | 2.23% |
Portfolio Turnover Rate2 | 42% | 56% | 51% | 56% | 66% |
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 | — | 25,498 | — | 25,498 |
Corporate Bonds | — | 48,866,699 | — | 48,866,699 |
Temporary Cash Investments | 179,568 | — | — | 179,568 |
Total | 179,568 | 48,892,197 | — | 49,071,765 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 180 | — | — | 180 |
Liabilities | ||||
Futures Contracts1 | 33 | — | — | 33 |
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. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for in-kind redemptions and distributions in connection with fund share redemptions were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 232,132 |
Total Distributable Earnings (Loss) | (232,132) |
Amount ($000) | |
Undistributed Ordinary Income | 55,600 |
Undistributed Long-Term Gains | 85,558 |
Capital Loss Carryforwards | — |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 736,415 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 765,213 | 841,585 |
Long-Term Capital Gains | — | — |
Total | 765,213 | 841,585 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 48,335,350 |
Gross Unrealized Appreciation | 784,737 |
Gross Unrealized Depreciation | (48,322) |
Net Unrealized Appreciation (Depreciation) | 736,415 |
E. | During the year ended August 31, 2021, the fund purchased $30,232,511,000 of investment securities and sold $18,554,453,000 of investment securities, other than U.S. government securities and temporary cash investments. Purchases and sales of U.S. government securities were $5,456,073,000 and $5,444,804,000, respectively. Purchases and sales include $15,049,465,000 and $5,429,863,000, 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: |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 15,422,692 | 186,381 | 15,381,735 | 189,581 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (5,533,001) | (66,900) | (8,714,004) | (108,500) | |
Net Increase (Decrease)—ETF Shares | 9,889,691 | 119,481 | 6,667,731 | 81,081 | |
Admiral Shares | |||||
Issued | 2,599,871 | 115,389 | 2,392,625 | 108,113 | |
Issued in Lieu of Cash Distributions | 66,646 | 2,960 | 91,744 | 4,151 | |
Redeemed | (1,919,554) | (85,219) | (2,180,407) | (99,225) | |
Net Increase (Decrease)—Admiral Shares | 746,963 | 33,130 | 303,962 | 13,039 | |
Institutional Shares | |||||
Issued | 991,645 | 35,943 | 491,624 | 18,281 | |
Issued in Lieu of Cash Distributions | 30,224 | 1,097 | 34,136 | 1,261 | |
Redeemed | (418,170) | (15,180) | (536,885) | (19,854) | |
Net Increase (Decrease)—Institutional Shares | 603,699 | 21,860 | (11,125) | (312) |
G. | Management has determined that no events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Intermediate-Term Corporate Bond Index Fund ETF Shares Net Asset Value | 2.08% | 4.58% | 5.05% | $16,369 | |
Intermediate-Term Corporate Bond Index Fund ETF Shares Market Price | 1.75 | 4.54 | 4.94 | 16,192 | |
Bloomberg U.S. 5–10 Year Corporate Bond Index | 1.95 | 4.72 | 5.12 | 16,468 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 13,728 |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Intermediate-Term Corporate Bond Index Fund Admiral Shares | 1.77% | 4.52% | 5.03% | $16,329 | |
Bloomberg U.S. 5–10 Year Corporate Bond Index | 1.95 | 4.72 | 5.12 | 16,468 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 13,728 |
One Year | Five Years | Ten Years | Final Value of a $5,000,000 Investment | ||
Intermediate-Term Corporate Bond Index Fund Institutional Shares | 1.81% | 4.54% | 5.05% | $8,181,176 | |
Bloomberg U.S. 5–10 Year Corporate Bond Index | 1.95 | 4.72 | 5.12 | 8,234,199 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 6,863,983 |
Cumulative Returns of ETF Shares: August 31, 2011, Through August 31, 2021 | |||
One Year | Five Years | Ten Years | |
Intermediate-Term Corporate Bond Index Fund ETF Shares Market Price | 1.75% | 24.85% | 61.92% |
Intermediate-Term Corporate Bond Index Fund ETF Shares Net Asset Value | 2.08 | 25.09 | 63.69 |
Bloomberg U.S. 5–10 Year Corporate Bond Index | 1.95 | 25.93 | 64.68 |
Corporate Bonds – Communications | 8.1% |
Corporate Bonds – Consumer Discretionary | 6.4 |
Corporate Bonds – Consumer Staples | 6.6 |
Corporate Bonds – Energy | 6.5 |
Corporate Bonds – Financials | 29.0 |
Corporate Bonds – Health Care | 9.0 |
Corporate Bonds – Industrials | 7.2 |
Corporate Bonds – Materials | 2.9 |
Corporate Bonds – Real Estate | 6.9 |
Corporate Bonds – Technology | 9.4 |
Corporate Bonds – Utilities | 7.0 |
U.S. Government and Agency Obligations | 1.0 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (1.0%) | ||||||
U.S. Government Securities (1.0%) | ||||||
United States Treasury Note/Bond | 0.625% | 7/31/26 | 91,650 | 91,020 | ||
United States Treasury Note/Bond | 0.750% | 8/31/26 | 114,160 | 114,017 | ||
United States Treasury Note/Bond | 1.125% | 8/31/28 | 214,290 | 214,893 | ||
United States Treasury Note/Bond | 1.250% | 8/15/31 | 88,268 | 87,813 | ||
Total U.S. Government and Agency Obligations (Cost $507,606) | 507,743 | |||||
Corporate Bonds (98.0%) | ||||||
Communications (8.0%) | ||||||
Activision Blizzard Inc. | 3.400% | 9/15/26 | 19,865 | 21,880 | ||
Activision Blizzard Inc. | 3.400% | 6/15/27 | 11,670 | 12,932 | ||
Activision Blizzard Inc. | 1.350% | 9/15/30 | 9,447 | 8,884 | ||
Alphabet Inc. | 0.800% | 8/15/27 | 18,289 | 17,965 | ||
Alphabet Inc. | 1.100% | 8/15/30 | 50,747 | 48,682 | ||
America Movil SAB de CV | 3.625% | 4/22/29 | 18,734 | 20,612 | ||
America Movil SAB de CV | 2.875% | 5/7/30 | 27,253 | 28,757 | ||
AT&T Inc. | 3.800% | 2/15/27 | 22,117 | 24,692 | ||
AT&T Inc. | 4.250% | 3/1/27 | 38,069 | 43,399 | ||
AT&T Inc. | 2.300% | 6/1/27 | 60,805 | 63,406 | ||
AT&T Inc. | 1.650% | 2/1/28 | 49,233 | 49,241 | ||
1 | AT&T Inc. | 4.100% | 2/15/28 | 43,570 | 49,719 | |
AT&T Inc. | 4.350% | 3/1/29 | 74,685 | 86,668 | ||
1 | AT&T Inc. | 4.300% | 2/15/30 | 78,579 | 91,275 | |
AT&T Inc. | 2.750% | 6/1/31 | 22,731 | 23,820 | ||
2 | AT&T Inc. | 2.550% | 12/1/33 | 40,000 | 40,198 | |
Baidu Inc. | 3.625% | 7/6/27 | 18,175 | 20,147 | ||
Baidu Inc. | 4.375% | 3/29/28 | 9,025 | 10,269 | ||
Baidu Inc. | 4.875% | 11/14/28 | 18,400 | 21,719 | ||
Baidu Inc. | 3.425% | 4/7/30 | 11,664 | 12,620 | ||
Baidu Inc. | 2.375% | 8/23/31 | 8,080 | 8,033 | ||
Booking Holdings Inc. | 3.550% | 3/15/28 | 13,413 | 14,971 | ||
Booking Holdings Inc. | 4.625% | 4/13/30 | 36,598 | 43,801 | ||
British Telecommunications plc | 5.125% | 12/4/28 | 13,003 | 15,394 | ||
British Telecommunications plc | 9.625% | 12/15/30 | 64,877 | 100,148 | ||
Charter Communications Operating LLC | 3.750% | 2/15/28 | 31,855 | 35,203 | ||
Charter Communications Operating LLC | 4.200% | 3/15/28 | 35,510 | 40,134 | ||
Charter Communications Operating LLC | 5.050% | 3/30/29 | 29,997 | 35,535 | ||
Charter Communications Operating LLC | 2.800% | 4/1/31 | 37,392 | 38,317 | ||
Comcast Corp. | 2.350% | 1/15/27 | 34,629 | 36,519 | ||
Comcast Corp. | 3.300% | 2/1/27 | 38,368 | 42,147 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Comcast Corp. | 3.300% | 4/1/27 | 16,296 | 17,955 | ||
Comcast Corp. | 3.150% | 2/15/28 | 35,697 | 39,184 | ||
Comcast Corp. | 3.550% | 5/1/28 | 13,623 | 15,251 | ||
Comcast Corp. | 4.150% | 10/15/28 | 97,061 | 112,705 | ||
Comcast Corp. | 2.650% | 2/1/30 | 55,157 | 58,093 | ||
Comcast Corp. | 3.400% | 4/1/30 | 46,803 | 51,995 | ||
Comcast Corp. | 4.250% | 10/15/30 | 31,065 | 36,639 | ||
Comcast Corp. | 1.950% | 1/15/31 | 36,378 | 36,214 | ||
Comcast Corp. | 1.500% | 2/15/31 | 41,415 | 39,626 | ||
Deutsche Telekom International Finance BV | 8.750% | 6/15/30 | 90,364 | 135,938 | ||
Discovery Communications LLC | 3.950% | 3/20/28 | 43,027 | 48,122 | ||
Discovery Communications LLC | 4.125% | 5/15/29 | 20,624 | 23,303 | ||
Discovery Communications LLC | 3.625% | 5/15/30 | 27,591 | 30,278 | ||
Electronic Arts Inc. | 1.850% | 2/15/31 | 17,600 | 17,297 | ||
Expedia Group Inc. | 4.625% | 8/1/27 | 20,600 | 23,307 | ||
Expedia Group Inc. | 3.800% | 2/15/28 | 29,738 | 32,089 | ||
Expedia Group Inc. | 3.250% | 2/15/30 | 27,050 | 28,029 | ||
Expedia Group Inc. | 2.950% | 3/15/31 | 26,826 | 27,292 | ||
Fox Corp. | 4.709% | 1/25/29 | 50,006 | 58,929 | ||
Fox Corp. | 3.500% | 4/8/30 | 15,341 | 16,911 | ||
Interpublic Group of Cos. Inc. | 4.650% | 10/1/28 | 6,935 | 8,163 | ||
Interpublic Group of Cos. Inc. | 4.750% | 3/30/30 | 20,238 | 24,214 | ||
Interpublic Group of Cos. Inc. | 2.400% | 3/1/31 | 16,335 | 16,677 | ||
Koninklijke KPN NV | 8.375% | 10/1/30 | 14,414 | 20,676 | ||
Omnicom Group Inc. | 2.450% | 4/30/30 | 12,420 | 12,738 | ||
Omnicom Group Inc. | 4.200% | 6/1/30 | 15,898 | 18,404 | ||
Omnicom Group Inc. | 2.600% | 8/1/31 | 10,270 | 10,592 | ||
Orange SA | 9.000% | 3/1/31 | 57,908 | 91,566 | ||
Rogers Communications Inc. | 2.900% | 11/15/26 | 7,395 | 7,917 | ||
TCI Communications Inc. | 7.125% | 2/15/28 | 7,015 | 9,358 | ||
Telefonica Emisiones SA | 4.103% | 3/8/27 | 36,949 | 41,729 | ||
Telefonica Europe BV | 8.250% | 9/15/30 | 29,974 | 43,812 | ||
TELUS Corp. | 2.800% | 2/16/27 | 13,440 | 14,414 | ||
TELUS Corp. | 3.700% | 9/15/27 | 4,479 | 5,055 | ||
Tencent Music Entertainment Group | 2.000% | 9/3/30 | 10,490 | 10,098 | ||
T-Mobile USA Inc. | 3.750% | 4/15/27 | 97,627 | 108,331 | ||
T-Mobile USA Inc. | 2.050% | 2/15/28 | 44,521 | 45,281 | ||
T-Mobile USA Inc. | 3.875% | 4/15/30 | 173,210 | 194,006 | ||
T-Mobile USA Inc. | 2.550% | 2/15/31 | 63,841 | 65,223 | ||
1 | TWDC Enterprises 18 Corp. | 2.950% | 6/15/27 | 15,114 | 16,560 | |
VeriSign Inc. | 2.700% | 6/15/31 | 18,530 | 19,092 | ||
Verizon Communications Inc. | 4.125% | 3/16/27 | 68,849 | 78,670 | ||
Verizon Communications Inc. | 3.000% | 3/22/27 | 24,308 | 26,289 | ||
Verizon Communications Inc. | 2.100% | 3/22/28 | 73,389 | 75,356 | ||
Verizon Communications Inc. | 4.329% | 9/21/28 | 109,688 | 127,962 | ||
Verizon Communications Inc. | 3.875% | 2/8/29 | 14,915 | 17,001 | ||
Verizon Communications Inc. | 4.016% | 12/3/29 | 99,261 | 114,298 | ||
Verizon Communications Inc. | 3.150% | 3/22/30 | 40,452 | 43,843 | ||
Verizon Communications Inc. | 1.500% | 9/18/30 | 21,795 | 21,009 | ||
Verizon Communications Inc. | 1.680% | 10/30/30 | 37,926 | 36,610 | ||
Verizon Communications Inc. | 1.750% | 1/20/31 | 56,676 | 54,798 | ||
Verizon Communications Inc. | 2.550% | 3/21/31 | 111,147 | 114,768 | ||
ViacomCBS Inc. | 2.900% | 1/15/27 | 19,752 | 21,085 | ||
ViacomCBS Inc. | 3.375% | 2/15/28 | 9,309 | 10,241 | ||
ViacomCBS Inc. | 3.700% | 6/1/28 | 15,836 | 17,686 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
ViacomCBS Inc. | 4.200% | 6/1/29 | 16,686 | 19,221 | ||
ViacomCBS Inc. | 7.875% | 7/30/30 | 14,115 | 20,134 | ||
ViacomCBS Inc. | 4.950% | 1/15/31 | 38,832 | 46,971 | ||
Vodafone Group plc | 4.375% | 5/30/28 | 78,037 | 90,671 | ||
Vodafone Group plc | 7.875% | 2/15/30 | 11,996 | 17,298 | ||
Walt Disney Co. | 3.375% | 11/15/26 | 11,032 | 12,193 | ||
Walt Disney Co. | 3.700% | 3/23/27 | 17,169 | 19,405 | ||
Walt Disney Co. | 2.200% | 1/13/28 | 28,026 | 29,224 | ||
Walt Disney Co. | 2.000% | 9/1/29 | 49,439 | 50,373 | ||
Walt Disney Co. | 3.800% | 3/22/30 | 33,256 | 38,380 | ||
Walt Disney Co. | 2.650% | 1/13/31 | 55,727 | 59,290 | ||
Weibo Corp. | 3.375% | 7/8/30 | 16,015 | 16,346 | ||
WPP Finance 2010 | 3.750% | 9/19/24 | 1 | 1 | ||
3,919,273 | ||||||
Consumer Discretionary (6.3%) | ||||||
Advance Auto Parts Inc. | 1.750% | 10/1/27 | 4,448 | 4,464 | ||
Advance Auto Parts Inc. | 3.900% | 4/15/30 | 16,556 | 18,510 | ||
Alibaba Group Holding Ltd. | 3.400% | 12/6/27 | 58,076 | 63,286 | ||
Alibaba Group Holding Ltd. | 2.125% | 2/9/31 | 34,458 | 33,830 | ||
Amazon.com Inc. | 1.200% | 6/3/27 | 46,011 | 46,162 | ||
Amazon.com Inc. | 3.150% | 8/22/27 | 73,799 | 81,657 | ||
Amazon.com Inc. | 1.650% | 5/12/28 | 58,400 | 59,362 | ||
Amazon.com Inc. | 1.500% | 6/3/30 | 48,926 | 48,126 | ||
Amazon.com Inc. | 2.100% | 5/12/31 | 83,200 | 85,417 | ||
1 | American Honda Finance Corp. | 2.300% | 9/9/26 | 10,230 | 10,782 | |
1 | American Honda Finance Corp. | 2.350% | 1/8/27 | 13,701 | 14,436 | |
1 | American Honda Finance Corp. | 3.500% | 2/15/28 | 4,171 | 4,668 | |
1 | American Honda Finance Corp. | 2.000% | 3/24/28 | 24,850 | 25,563 | |
1 | American Honda Finance Corp. | 1.800% | 1/13/31 | 11,925 | 11,854 | |
Aptiv plc | 4.350% | 3/15/29 | 5,680 | 6,590 | ||
AutoNation Inc. | 3.800% | 11/15/27 | 10,748 | 11,883 | ||
AutoNation Inc. | 4.750% | 6/1/30 | 9,345 | 11,029 | ||
AutoNation Inc. | 2.400% | 8/1/31 | 11,000 | 10,890 | ||
AutoZone Inc. | 3.750% | 6/1/27 | 11,512 | 12,945 | ||
AutoZone Inc. | 3.750% | 4/18/29 | 23,343 | 26,235 | ||
AutoZone Inc. | 4.000% | 4/15/30 | 15,690 | 17,989 | ||
AutoZone Inc. | 1.650% | 1/15/31 | 14,565 | 14,010 | ||
Best Buy Co. Inc. | 4.450% | 10/1/28 | 11,764 | 13,712 | ||
Best Buy Co. Inc. | 1.950% | 10/1/30 | 14,106 | 13,930 | ||
Block Financial LLC | 2.500% | 7/15/28 | 14,090 | 14,366 | ||
Block Financial LLC | 3.875% | 8/15/30 | 14,291 | 15,618 | ||
BorgWarner Inc. | 3.375% | 3/15/25 | 1 | 1 | ||
BorgWarner Inc. | 2.650% | 7/1/27 | 27,185 | 28,909 | ||
Brunswick Corp. | 2.400% | 8/18/31 | 16,200 | 15,913 | ||
Choice Hotels International Inc. | 3.700% | 12/1/29 | 4,254 | 4,590 | ||
Choice Hotels International Inc. | 3.700% | 1/15/31 | 7,834 | 8,513 | ||
2 | Daimler Finance North America LLC | 3.100% | 8/15/29 | 18,342 | 19,942 | |
Daimler Finance North America LLC | 8.500% | 1/18/31 | 20,384 | 31,245 | ||
2 | Daimler Finance North America LLC | 2.450% | 3/2/31 | 8,000 | 8,270 | |
Darden Restaurants Inc. | 3.850% | 5/1/27 | 10,233 | 11,360 | ||
DR Horton Inc. | 1.400% | 10/15/27 | 10,426 | 10,328 | ||
eBay Inc. | 3.600% | 6/5/27 | 21,252 | 23,741 | ||
eBay Inc. | 2.700% | 3/11/30 | 24,733 | 25,904 | ||
eBay Inc. | 2.600% | 5/10/31 | 16,976 | 17,500 | ||
1 | Emory University | 2.143% | 9/1/30 | 9,097 | 9,342 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Fortune Brands Home & Security Inc. | 3.250% | 9/15/29 | 16,730 | 18,191 | ||
General Motors Co. | 4.200% | 10/1/27 | 19,389 | 21,719 | ||
General Motors Co. | 6.800% | 10/1/27 | 28,481 | 35,875 | ||
General Motors Co. | 5.000% | 10/1/28 | 20,458 | 23,916 | ||
General Motors Financial Co. Inc. | 4.000% | 10/6/26 | 29,827 | 32,987 | ||
General Motors Financial Co. Inc. | 4.350% | 1/17/27 | 28,971 | 32,643 | ||
General Motors Financial Co. Inc. | 2.700% | 8/20/27 | 10,719 | 11,192 | ||
General Motors Financial Co. Inc. | 3.850% | 1/5/28 | 10,663 | 11,695 | ||
General Motors Financial Co. Inc. | 2.400% | 4/10/28 | 20,150 | 20,541 | ||
General Motors Financial Co. Inc. | 5.650% | 1/17/29 | 14,368 | 17,491 | ||
General Motors Financial Co. Inc. | 3.600% | 6/21/30 | 24,326 | 26,393 | ||
General Motors Financial Co. Inc. | 2.350% | 1/8/31 | 24,875 | 24,631 | ||
General Motors Financial Co. Inc. | 2.700% | 6/10/31 | 24,050 | 24,401 | ||
Genuine Parts Co. | 1.875% | 11/1/30 | 10,448 | 10,192 | ||
Hasbro Inc. | 3.550% | 11/19/26 | 10,105 | 11,081 | ||
Hasbro Inc. | 3.500% | 9/15/27 | 5,643 | 6,197 | ||
Hasbro Inc. | 3.900% | 11/19/29 | 22,101 | 24,712 | ||
Home Depot Inc. | 2.125% | 9/15/26 | 21,843 | 22,989 | ||
Home Depot Inc. | 2.500% | 4/15/27 | 41,059 | 43,909 | ||
Home Depot Inc. | 2.800% | 9/14/27 | 27,955 | 30,430 | ||
Home Depot Inc. | 0.900% | 3/15/28 | 15,254 | 14,837 | ||
Home Depot Inc. | 3.900% | 12/6/28 | 14,456 | 16,786 | ||
Home Depot Inc. | 2.950% | 6/15/29 | 33,885 | 37,097 | ||
Home Depot Inc. | 2.700% | 4/15/30 | 34,756 | 37,338 | ||
Home Depot Inc. | 1.375% | 3/15/31 | 31,741 | 30,640 | ||
Hyatt Hotels Corp. | 4.375% | 9/15/28 | 10,467 | 11,470 | ||
Hyatt Hotels Corp. | 5.750% | 4/23/30 | 10,925 | 13,095 | ||
JD.com Inc. | 3.375% | 1/14/30 | 14,558 | 15,588 | ||
Kohl's Corp. | 3.375% | 5/1/31 | 12,290 | 12,920 | ||
Las Vegas Sands Corp. | 3.900% | 8/8/29 | 19,552 | 20,585 | ||
Lear Corp. | 3.800% | 9/15/27 | 15,918 | 17,714 | ||
Lear Corp. | 4.250% | 5/15/29 | 10,089 | 11,445 | ||
Lear Corp. | 3.500% | 5/30/30 | 9,940 | 10,778 | ||
Leggett & Platt Inc. | 3.500% | 11/15/27 | 8,797 | 9,607 | ||
Leggett & Platt Inc. | 4.400% | 3/15/29 | 14,611 | 16,853 | ||
Leland Stanford Junior University | 1.289% | 6/1/27 | 7,330 | 7,453 | ||
Lennar Corp. | 5.000% | 6/15/27 | 3,081 | 3,594 | ||
Lennar Corp. | 4.750% | 11/29/27 | 33,570 | 39,041 | ||
Lowe's Cos. Inc. | 3.100% | 5/3/27 | 19,056 | 20,818 | ||
Lowe's Cos. Inc. | 1.300% | 4/15/28 | 29,479 | 28,933 | ||
Lowe's Cos. Inc. | 6.500% | 3/15/29 | 301 | 392 | ||
Lowe's Cos. Inc. | 3.650% | 4/5/29 | 41,141 | 46,173 | ||
Lowe's Cos. Inc. | 4.500% | 4/15/30 | 29,075 | 34,505 | ||
Lowe's Cos. Inc. | 1.700% | 10/15/30 | 30,861 | 29,946 | ||
Lowe's Cos. Inc. | 2.625% | 4/1/31 | 46,576 | 48,581 | ||
Magna International Inc. | 2.450% | 6/15/30 | 17,941 | 18,529 | ||
1 | Marriott International Inc. | 4.000% | 4/15/28 | 10,580 | 11,694 | |
1 | Marriott International Inc. | 4.650% | 12/1/28 | 4,907 | 5,632 | |
1 | Marriott International Inc. | 4.625% | ��6/15/30 | 33,239 | 38,280 | |
1 | Marriott International Inc. | 2.850% | 4/15/31 | 29,565 | 30,081 | |
Masco Corp. | 3.500% | 11/15/27 | 6,965 | 7,667 | ||
Masco Corp. | 1.500% | 2/15/28 | 15,054 | 14,847 | ||
Masco Corp. | 2.000% | 10/1/30 | 8,008 | 7,893 | ||
Masco Corp. | 2.000% | 2/15/31 | 12,975 | 12,831 | ||
1 | McDonald's Corp. | 3.500% | 3/1/27 | 14,265 | 15,764 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | McDonald's Corp. | 3.500% | 7/1/27 | 24,116 | 26,806 | |
1 | McDonald's Corp. | 3.800% | 4/1/28 | 29,477 | 33,355 | |
1 | McDonald's Corp. | 2.625% | 9/1/29 | 35,233 | 37,182 | |
1 | McDonald's Corp. | 2.125% | 3/1/30 | 13,255 | 13,490 | |
1 | McDonald's Corp. | 3.600% | 7/1/30 | 24,540 | 27,712 | |
MDC Holdings Inc. | 2.500% | 1/15/31 | 17,070 | 16,731 | ||
Mohawk Industries Inc. | 3.625% | 5/15/30 | 12,260 | 13,575 | ||
NIKE Inc. | 2.375% | 11/1/26 | 15,905 | 16,944 | ||
NIKE Inc. | 2.750% | 3/27/27 | 36,361 | 39,350 | ||
NIKE Inc. | 2.850% | 3/27/30 | 32,378 | 35,353 | ||
Nordstrom Inc. | 4.000% | 3/15/27 | 2,632 | 2,760 | ||
Nordstrom Inc. | 6.950% | 3/15/28 | 1,515 | 1,791 | ||
Nordstrom Inc. | 4.375% | 4/1/30 | 4,250 | 4,429 | ||
Nordstrom Inc. | 4.250% | 8/1/31 | 19,250 | 20,075 | ||
NVR Inc. | 3.000% | 5/15/30 | 21,047 | 22,315 | ||
O'Reilly Automotive Inc. | 3.600% | 9/1/27 | 17,925 | 20,135 | ||
O'Reilly Automotive Inc. | 4.350% | 6/1/28 | 18,166 | 21,135 | ||
O'Reilly Automotive Inc. | 3.900% | 6/1/29 | 10,927 | 12,411 | ||
O'Reilly Automotive Inc. | 4.200% | 4/1/30 | 11,642 | 13,532 | ||
O'Reilly Automotive Inc. | 1.750% | 3/15/31 | 6,700 | 6,500 | ||
Owens Corning | 3.950% | 8/15/29 | 12,141 | 13,787 | ||
Owens Corning | 3.875% | 6/1/30 | 8,156 | 9,136 | ||
PulteGroup Inc. | 5.000% | 1/15/27 | 11,591 | 13,543 | ||
Ralph Lauren Corp. | 2.950% | 6/15/30 | 17,642 | 18,895 | ||
Ross Stores Inc. | 1.875% | 4/15/31 | 11,880 | 11,624 | ||
Sands China Ltd. | 5.400% | 8/8/28 | 48,939 | 56,501 | ||
Sands China Ltd. | 4.375% | 6/18/30 | 12,859 | 14,010 | ||
Snap-on Inc. | 3.250% | 3/1/27 | 2,815 | 3,083 | ||
Stanley Black & Decker Inc. | 4.250% | 11/15/28 | 15,428 | 18,120 | ||
Stanley Black & Decker Inc. | 2.300% | 3/15/30 | 13,078 | 13,652 | ||
Starbucks Corp. | 2.000% | 3/12/27 | 13,322 | 13,767 | ||
Starbucks Corp. | 3.500% | 3/1/28 | 8,617 | 9,610 | ||
Starbucks Corp. | 4.000% | 11/15/28 | 19,483 | 22,498 | ||
Starbucks Corp. | 3.550% | 8/15/29 | 23,194 | 26,011 | ||
Starbucks Corp. | 2.250% | 3/12/30 | 13,917 | 14,205 | ||
Starbucks Corp. | 2.550% | 11/15/30 | 36,268 | 37,832 | ||
Steelcase Inc. | 5.125% | 1/18/29 | 10,990 | 12,862 | ||
Tapestry Inc. | 4.125% | 7/15/27 | 15,512 | 16,994 | ||
TJX Cos. Inc. | 2.250% | 9/15/26 | 23,382 | 24,675 | ||
TJX Cos. Inc. | 1.150% | 5/15/28 | 13,652 | 13,331 | ||
TJX Cos. Inc. | 3.875% | 4/15/30 | 18,840 | 21,760 | ||
TJX Cos. Inc. | 1.600% | 5/15/31 | 3,715 | 3,632 | ||
Toyota Motor Corp. | 3.669% | 7/20/28 | 12,039 | 13,685 | ||
Toyota Motor Corp. | 2.760% | 7/2/29 | 8,425 | 9,130 | ||
Toyota Motor Corp. | 2.362% | 3/25/31 | 11,211 | 11,834 | ||
1 | Toyota Motor Credit Corp. | 3.200% | 1/11/27 | 25,453 | 28,029 | |
1 | Toyota Motor Credit Corp. | 1.150% | 8/13/27 | 17,653 | 17,527 | |
1 | Toyota Motor Credit Corp. | 3.050% | 1/11/28 | 11,202 | 12,308 | |
1 | Toyota Motor Credit Corp. | 1.900% | 4/6/28 | 10,318 | 10,587 | |
Toyota Motor Credit Corp. | 3.650% | 1/8/29 | 11,425 | 13,057 | ||
1 | Toyota Motor Credit Corp. | 2.150% | 2/13/30 | 18,816 | 19,441 | |
1 | Toyota Motor Credit Corp. | 3.375% | 4/1/30 | 24,361 | 27,424 | |
1 | Toyota Motor Credit Corp. | 1.650% | 1/10/31 | 19,063 | 18,901 | |
Tractor Supply Co. | 1.750% | 11/1/30 | 15,853 | 15,434 | ||
VF Corp. | 2.800% | 4/23/27 | 14,267 | 15,283 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
VF Corp. | 2.950% | 4/23/30 | 16,706 | 17,827 | ||
Whirlpool Corp. | 4.750% | 2/26/29 | 25,493 | 30,245 | ||
Whirlpool Corp. | 2.400% | 5/15/31 | 4,614 | 4,708 | ||
1 | Yale University | 1.482% | 4/15/30 | 9,102 | 9,036 | |
3,093,029 | ||||||
Consumer Staples (6.6%) | ||||||
Ahold Finance USA LLC | 6.875% | 5/1/29 | 12,270 | 16,507 | ||
Altria Group Inc. | 2.625% | 9/16/26 | 9,094 | 9,595 | ||
Altria Group Inc. | 4.800% | 2/14/29 | 51,622 | 60,028 | ||
Altria Group Inc. | 3.400% | 5/6/30 | 15,820 | 16,955 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.000% | 4/13/28 | 70,683 | 80,506 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.750% | 1/23/29 | 91,508 | 108,935 | ||
Anheuser-Busch InBev Worldwide Inc. | 3.500% | 6/1/30 | 61,224 | 68,180 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.900% | 1/23/31 | 11,295 | 13,910 | ||
Archer-Daniels-Midland Co. | 3.250% | 3/27/30 | 20,643 | 22,981 | ||
Avery Dennison Corp. | 4.875% | 12/6/28 | 8,467 | 10,161 | ||
Avery Dennison Corp. | 2.650% | 4/30/30 | 14,887 | 15,464 | ||
BAT Capital Corp. | 3.215% | 9/6/26 | 37,654 | 40,247 | ||
BAT Capital Corp. | 4.700% | 4/2/27 | 26,564 | 30,201 | ||
BAT Capital Corp. | 3.557% | 8/15/27 | 65,500 | 70,893 | ||
BAT Capital Corp. | 2.259% | 3/25/28 | 54,871 | 55,121 | ||
BAT Capital Corp. | 3.462% | 9/6/29 | 14,448 | 15,380 | ||
BAT Capital Corp. | 4.906% | 4/2/30 | 22,399 | 26,013 | ||
BAT Capital Corp. | 2.726% | 3/25/31 | 28,154 | 28,157 | ||
1 | Bestfoods | 7.250% | 12/15/26 | 200 | 263 | |
Bunge Ltd. Finance Corp. | 3.750% | 9/25/27 | 14,665 | 16,299 | ||
Bunge Ltd. Finance Corp. | 2.750% | 5/14/31 | 23,795 | 24,439 | ||
Campbell Soup Co. | 4.150% | 3/15/28 | 21,113 | 24,061 | ||
Campbell Soup Co. | 2.375% | 4/24/30 | 15,491 | 15,758 | ||
Church & Dwight Co. Inc. | 3.150% | 8/1/27 | 9,235 | 10,101 | ||
Clorox Co. | 3.100% | 10/1/27 | 11,238 | 12,267 | ||
Clorox Co. | 3.900% | 5/15/28 | 4,905 | 5,600 | ||
Clorox Co. | 1.800% | 5/15/30 | 19,329 | 19,152 | ||
Coca-Cola Co. | 3.375% | 3/25/27 | 19,085 | 21,340 | ||
Coca-Cola Co. | 2.900% | 5/25/27 | 9,315 | 10,209 | ||
Coca-Cola Co. | 1.450% | 6/1/27 | 35,929 | 36,638 | ||
Coca-Cola Co. | 1.500% | 3/5/28 | 6,600 | 6,656 | ||
Coca-Cola Co. | 1.000% | 3/15/28 | 30,938 | 30,197 | ||
Coca-Cola Co. | 2.125% | 9/6/29 | 24,574 | 25,537 | ||
Coca-Cola Co. | 3.450% | 3/25/30 | 27,959 | 31,781 | ||
Coca-Cola Co. | 1.650% | 6/1/30 | 34,319 | 34,042 | ||
Coca-Cola Co. | 2.000% | 3/5/31 | 33,090 | 33,719 | ||
Coca-Cola Co. | 1.375% | 3/15/31 | 41,772 | 40,289 | ||
Coca-Cola Femsa SAB de CV | 2.750% | 1/22/30 | 27,941 | 29,242 | ||
Conagra Brands Inc. | 1.375% | 11/1/27 | 23,573 | 23,121 | ||
Conagra Brands Inc. | 7.000% | 10/1/28 | 7,181 | 9,527 | ||
Conagra Brands Inc. | 4.850% | 11/1/28 | 37,752 | 45,041 | ||
Conagra Brands Inc. | 8.250% | 9/15/30 | 4,271 | 6,321 | ||
Constellation Brands Inc. | 3.700% | 12/6/26 | 14,371 | 15,961 | ||
Constellation Brands Inc. | 3.500% | 5/9/27 | 13,361 | 14,774 | ||
Constellation Brands Inc. | 3.600% | 2/15/28 | 16,923 | 18,773 | ||
Constellation Brands Inc. | 4.650% | 11/15/28 | 14,291 | 16,824 | ||
Constellation Brands Inc. | 3.150% | 8/1/29 | 29,933 | 32,332 | ||
Constellation Brands Inc. | 2.875% | 5/1/30 | 10,619 | 11,190 | ||
Constellation Brands Inc. | 2.250% | 8/1/31 | 13,955 | 13,969 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Costco Wholesale Corp. | 3.000% | 5/18/27 | 32,353 | 35,599 | ||
Costco Wholesale Corp. | 1.375% | 6/20/27 | 37,019 | 37,429 | ||
Costco Wholesale Corp. | 1.600% | 4/20/30 | 54,003 | 53,611 | ||
Diageo Capital plc | 3.875% | 5/18/28 | 7,483 | 8,567 | ||
Diageo Capital plc | 2.375% | 10/24/29 | 25,651 | 26,780 | ||
Diageo Capital plc | 2.000% | 4/29/30 | 16,552 | 16,683 | ||
Dollar General Corp. | 3.875% | 4/15/27 | 12,050 | 13,546 | ||
�� | Dollar General Corp. | 4.125% | 5/1/28 | 11,604 | 13,359 | |
Dollar General Corp. | 3.500% | 4/3/30 | 33,057 | 36,856 | ||
Dollar Tree Inc. | 4.200% | 5/15/28 | 30,754 | 35,002 | ||
Estee Lauder Cos. Inc. | 3.150% | 3/15/27 | 8,270 | 9,121 | ||
Estee Lauder Cos. Inc. | 2.375% | 12/1/29 | 17,012 | 17,894 | ||
Estee Lauder Cos. Inc. | 2.600% | 4/15/30 | 16,084 | 17,114 | ||
Estee Lauder Cos. Inc. | 1.950% | 3/15/31 | 14,050 | 14,224 | ||
Flowers Foods Inc. | 3.500% | 10/1/26 | 5,921 | 6,464 | ||
Flowers Foods Inc. | 2.400% | 3/15/31 | 16,559 | 16,741 | ||
General Mills Inc. | 3.200% | 2/10/27 | 16,330 | 17,838 | ||
General Mills Inc. | 4.200% | 4/17/28 | 30,343 | 34,942 | ||
General Mills Inc. | 2.875% | 4/15/30 | 21,069 | 22,553 | ||
Hershey Co. | 2.300% | 8/15/26 | 8,855 | 9,394 | ||
Hershey Co. | 2.450% | 11/15/29 | 4,322 | 4,574 | ||
Hershey Co. | 1.700% | 6/1/30 | 7,252 | 7,268 | ||
Hormel Foods Corp. | 1.700% | 6/3/28 | 18,945 | 19,237 | ||
Hormel Foods Corp. | 1.800% | 6/11/30 | 16,332 | 16,397 | ||
Ingredion Inc. | 3.200% | 10/1/26 | 12,337 | 13,422 | ||
Ingredion Inc. | 2.900% | 6/1/30 | 13,526 | 14,345 | ||
J M Smucker Co. | 3.375% | 12/15/27 | 11,754 | 12,964 | ||
J M Smucker Co. | 2.375% | 3/15/30 | 17,466 | 18,020 | ||
Kellogg Co. | 3.400% | 11/15/27 | 15,255 | 16,825 | ||
Kellogg Co. | 4.300% | 5/15/28 | 8,061 | 9,362 | ||
Kellogg Co. | 2.100% | 6/1/30 | 21,614 | 21,784 | ||
1 | Kellogg Co. | 7.450% | 4/1/31 | 7,864 | 11,392 | |
Keurig Dr Pepper Inc. | 2.550% | 9/15/26 | 11,282 | 11,986 | ||
Keurig Dr Pepper Inc. | 3.430% | 6/15/27 | 16,079 | 17,802 | ||
Keurig Dr Pepper Inc. | 4.597% | 5/25/28 | 51,687 | 60,653 | ||
Keurig Dr Pepper Inc. | 3.200% | 5/1/30 | 15,659 | 17,065 | ||
Keurig Dr Pepper Inc. | 2.250% | 3/15/31 | 12,875 | 13,057 | ||
Kimberly-Clark Corp. | 1.050% | 9/15/27 | 14,732 | 14,631 | ||
Kimberly-Clark Corp. | 3.950% | 11/1/28 | 10,114 | 11,753 | ||
Kimberly-Clark Corp. | 3.200% | 4/25/29 | 11,429 | 12,726 | ||
Kimberly-Clark Corp. | 3.100% | 3/26/30 | 23,886 | 26,569 | ||
Kroger Co. | 2.650% | 10/15/26 | 26,946 | 28,714 | ||
Kroger Co. | 3.700% | 8/1/27 | 9,455 | 10,626 | ||
Kroger Co. | 4.500% | 1/15/29 | 8,582 | 10,175 | ||
1 | Kroger Co. | 7.700% | 6/1/29 | 3,305 | 4,599 | |
Kroger Co. | 2.200% | 5/1/30 | 22,369 | 22,720 | ||
Kroger Co. | 1.700% | 1/15/31 | 12,310 | 11,922 | ||
Kroger Co. | 7.500% | 4/1/31 | 1,888 | 2,720 | ||
McCormick & Co. Inc. | 3.400% | 8/15/27 | 13,076 | 14,526 | ||
McCormick & Co. Inc. | 2.500% | 4/15/30 | 23,888 | 24,774 | ||
McCormick & Co. Inc. | 1.850% | 2/15/31 | 5,764 | 5,641 | ||
Mondelez International Inc. | 2.750% | 4/13/30 | 44,873 | 47,530 | ||
Mondelez International Inc. | 1.500% | 2/4/31 | 9,015 | 8,630 | ||
PepsiCo Inc. | 2.375% | 10/6/26 | 22,247 | 23,813 | ||
PepsiCo Inc. | 2.625% | 3/19/27 | 29,364 | 31,616 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PepsiCo Inc. | 3.000% | 10/15/27 | 26,634 | 29,385 | ||
PepsiCo Inc. | 7.000% | 3/1/29 | 8,216 | 11,514 | ||
PepsiCo Inc. | 2.625% | 7/29/29 | 25,045 | 26,950 | ||
PepsiCo Inc. | 2.750% | 3/19/30 | 32,159 | 34,861 | ||
PepsiCo Inc. | 1.625% | 5/1/30 | 28,180 | 28,077 | ||
PepsiCo Inc. | 1.400% | 2/25/31 | 17,247 | 16,906 | ||
Philip Morris International Inc. | 3.125% | 8/17/27 | 8,897 | 9,753 | ||
Philip Morris International Inc. | 3.125% | 3/2/28 | 14,079 | 15,356 | ||
Philip Morris International Inc. | 3.375% | 8/15/29 | 14,628 | 16,219 | ||
Philip Morris International Inc. | 2.100% | 5/1/30 | 25,988 | 26,268 | ||
Philip Morris International Inc. | 1.750% | 11/1/30 | 12,545 | 12,249 | ||
Procter & Gamble Co. | 2.450% | 11/3/26 | 21,694 | 23,239 | ||
Procter & Gamble Co. | 2.800% | 3/25/27 | 24,090 | 26,199 | ||
Procter & Gamble Co. | 2.850% | 8/11/27 | 18,827 | 20,610 | ||
Procter & Gamble Co. | 3.000% | 3/25/30 | 34,903 | 38,750 | ||
Procter & Gamble Co. | 1.200% | 10/29/30 | 27,105 | 26,121 | ||
Procter & Gamble Co. | 1.950% | 4/23/31 | 17,415 | 17,884 | ||
Sysco Corp. | 3.250% | 7/15/27 | 20,553 | 22,450 | ||
Sysco Corp. | 2.400% | 2/15/30 | 26,670 | 27,482 | ||
Sysco Corp. | 5.950% | 4/1/30 | 20,092 | 25,894 | ||
Target Corp. | 3.375% | 4/15/29 | 24,797 | 27,870 | ||
Target Corp. | 2.350% | 2/15/30 | 15,968 | 16,790 | ||
Target Corp. | 2.650% | 9/15/30 | 10,515 | 11,339 | ||
Tyson Foods Inc. | 3.550% | 6/2/27 | 30,442 | 33,927 | ||
Tyson Foods Inc. | 4.350% | 3/1/29 | 23,191 | 27,114 | ||
Unilever Capital Corp. | 2.900% | 5/5/27 | 27,725 | 30,145 | ||
Unilever Capital Corp. | 3.500% | 3/22/28 | 13,149 | 14,788 | ||
Unilever Capital Corp. | 2.125% | 9/6/29 | 38,504 | 39,840 | ||
Unilever Capital Corp. | 1.375% | 9/14/30 | 12,325 | 11,986 | ||
Unilever Capital Corp. | 1.750% | 8/12/31 | 23,000 | 22,858 | ||
Walgreens Boots Alliance Inc. | 3.200% | 4/15/30 | 7,120 | 7,692 | ||
Walmart Inc. | 5.875% | 4/5/27 | 5,251 | 6,564 | ||
Walmart Inc. | 3.700% | 6/26/28 | 68,393 | 78,112 | ||
Walmart Inc. | 3.250% | 7/8/29 | 33,690 | 37,821 | ||
Walmart Inc. | 2.375% | 9/24/29 | 17,149 | 18,267 | ||
3 | Walmart Inc. | 7.550% | 2/15/30 | 7,452 | 10,906 | |
3,220,398 | ||||||
Energy (6.4%) | ||||||
Baker Hughes a GE Co. LLC | 3.337% | 12/15/27 | 27,838 | 30,524 | ||
Baker Hughes a GE Co. LLC | 3.138% | 11/7/29 | 11,509 | 12,455 | ||
Baker Hughes a GE Co. LLC | 4.486% | 5/1/30 | 21,469 | 25,389 | ||
Boardwalk Pipelines LP | 4.450% | 7/15/27 | 9,414 | 10,641 | ||
Boardwalk Pipelines LP | 4.800% | 5/3/29 | 4,834 | 5,592 | ||
Boardwalk Pipelines LP | 3.400% | 2/15/31 | 12,832 | 13,711 | ||
1 | BP Capital Markets America Inc. | 3.017% | 1/16/27 | 31,947 | 34,549 | |
BP Capital Markets America Inc. | 3.543% | 4/6/27 | 12,425 | 13,773 | ||
1 | BP Capital Markets America Inc. | 3.588% | 4/14/27 | 13,306 | 14,772 | |
BP Capital Markets America Inc. | 3.937% | 9/21/28 | 31,904 | 36,343 | ||
BP Capital Markets America Inc. | 4.234% | 11/6/28 | 43,196 | 49,963 | ||
BP Capital Markets America Inc. | 3.633% | 4/6/30 | 34,669 | 39,110 | ||
BP Capital Markets America Inc. | 1.749% | 8/10/30 | 20,058 | 19,753 | ||
BP Capital Markets plc | 3.279% | 9/19/27 | 32,245 | 35,576 | ||
BP Capital Markets plc | 3.723% | 11/28/28 | 19,223 | 21,653 | ||
Burlington Resources LLC | 7.200% | 8/15/31 | 4,763 | 6,862 | ||
Canadian Natural Resources Ltd. | 3.850% | 6/1/27 | 40,420 | 44,537 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Canadian Natural Resources Ltd. | 2.950% | 7/15/30 | 12,256 | 12,777 | ||
Cenovus Energy Inc. | 4.250% | 4/15/27 | 36,413 | 40,464 | ||
Cenovus Energy Inc. | 4.400% | 4/15/29 | 18,618 | 20,924 | ||
Cheniere Corpus Christi Holdings LLC | 5.125% | 6/30/27 | 37,251 | 43,410 | ||
Cheniere Corpus Christi Holdings LLC | 3.700% | 11/15/29 | 40,243 | 44,223 | ||
Chevron Corp. | 1.995% | 5/11/27 | 32,576 | 33,808 | ||
Chevron Corp. | 2.236% | 5/11/30 | 35,088 | 36,393 | ||
Chevron USA Inc. | 1.018% | 8/12/27 | 3,518 | 3,465 | ||
Chevron USA Inc. | 3.850% | 1/15/28 | 13,114 | 14,870 | ||
Chevron USA Inc. | 3.250% | 10/15/29 | 21,393 | 23,687 | ||
Cimarex Energy Co. | 3.900% | 5/15/27 | 18,690 | 20,653 | ||
Cimarex Energy Co. | 4.375% | 3/15/29 | 16,509 | 18,784 | ||
2 | ConocoPhillips | 3.750% | 10/1/27 | 35,181 | 39,559 | |
2 | ConocoPhillips | 4.300% | 8/15/28 | 27,128 | 31,406 | |
2 | ConocoPhillips | 2.400% | 2/15/31 | 21,312 | 21,904 | |
ConocoPhillips Co. | 6.950% | 4/15/29 | 39,993 | 54,118 | ||
2 | Devon Energy Corp. | 5.250% | 10/15/27 | 8,568 | 9,119 | |
2 | Devon Energy Corp. | 5.875% | 6/15/28 | 7,148 | 7,868 | |
2 | Devon Energy Corp. | 4.500% | 1/15/30 | 13,681 | 14,947 | |
Diamondback Energy Inc. | 3.250% | 12/1/26 | 19,535 | 20,963 | ||
Diamondback Energy Inc. | 3.500% | 12/1/29 | 28,209 | 30,404 | ||
Diamondback Energy Inc. | 3.125% | 3/24/31 | 22,027 | 22,986 | ||
2 | Eastern Gas Transmission & Storage Inc. | 3.000% | 11/15/29 | 6,695 | 7,122 | |
Enable Midstream Partners LP | 4.400% | 3/15/27 | 18,582 | 20,676 | ||
Enable Midstream Partners LP | 4.950% | 5/15/28 | 18,900 | 21,499 | ||
Enable Midstream Partners LP | 4.150% | 9/15/29 | 13,777 | 15,110 | ||
Enbridge Inc. | 4.250% | 12/1/26 | 22,504 | 25,395 | ||
Enbridge Inc. | 3.700% | 7/15/27 | 14,411 | 15,973 | ||
Enbridge Inc. | 3.125% | 11/15/29 | 24,142 | 25,928 | ||
Energy Transfer LP | 4.200% | 4/15/27 | 15,741 | 17,488 | ||
1 | Energy Transfer LP | 5.500% | 6/1/27 | 24,170 | 28,495 | |
Energy Transfer LP | 4.000% | 10/1/27 | 18,836 | 20,918 | ||
Energy Transfer LP | 4.950% | 6/15/28 | 23,603 | 27,344 | ||
Energy Transfer LP | 5.250% | 4/15/29 | 36,378 | 42,898 | ||
Energy Transfer LP | 3.750% | 5/15/30 | 36,533 | 39,710 | ||
Eni USA Inc. | 7.300% | 11/15/27 | 2,740 | 3,575 | ||
Enterprise Products Operating LLC | 3.950% | 2/15/27 | 12,460 | 13,962 | ||
Enterprise Products Operating LLC | 4.150% | 10/16/28 | 17,534 | 20,171 | ||
Enterprise Products Operating LLC | 3.125% | 7/31/29 | 48,366 | 52,377 | ||
Enterprise Products Operating LLC | 2.800% | 1/31/30 | 17,179 | 18,240 | ||
1 | Enterprise Products Operating LLC | 5.250% | 8/16/77 | 13,731 | 14,301 | |
1 | Enterprise Products Operating LLC | 5.375% | 2/15/78 | 21,645 | 22,362 | |
EOG Resources Inc. | 4.375% | 4/15/30 | 20,075 | 23,720 | ||
Exxon Mobil Corp. | 2.275% | 8/16/26 | 5,172 | 5,452 | ||
Exxon Mobil Corp. | 3.294% | 3/19/27 | 11,405 | 12,607 | ||
Exxon Mobil Corp. | 2.440% | 8/16/29 | 29,218 | 30,690 | ||
Exxon Mobil Corp. | 3.482% | 3/19/30 | 49,470 | 55,627 | ||
Exxon Mobil Corp. | 2.610% | 10/15/30 | 53,507 | 56,711 | ||
Halliburton Co. | 2.920% | 3/1/30 | 26,515 | 27,601 | ||
Hess Corp. | 4.300% | 4/1/27 | 29,457 | 32,747 | ||
Hess Corp. | 7.875% | 10/1/29 | 7,188 | 9,817 | ||
Hess Corp. | 7.300% | 8/15/31 | 10,100 | 13,733 | ||
HollyFrontier Corp. | 4.500% | 10/1/30 | 9,738 | 10,473 | ||
Kinder Morgan Energy Partners LP | 7.400% | 3/15/31 | 2,066 | 2,876 | ||
Kinder Morgan Inc. | 4.300% | 3/1/28 | 29,951 | 34,236 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Kinder Morgan Inc. | 2.000% | 2/15/31 | 32,003 | 31,221 | ||
1 | Kinder Morgan Inc. | 7.800% | 8/1/31 | 3,269 | 4,708 | |
Magellan Midstream Partners LP | 3.250% | 6/1/30 | 9,532 | 10,268 | ||
Marathon Oil Corp. | 4.400% | 7/15/27 | 22,166 | 25,069 | ||
Marathon Petroleum Corp. | 5.125% | 12/15/26 | 20,684 | 24,198 | ||
Marathon Petroleum Corp. | 3.800% | 4/1/28 | 15,295 | 16,951 | ||
MPLX LP | 4.125% | 3/1/27 | 30,858 | 34,619 | ||
MPLX LP | 4.250% | 12/1/27 | 17,469 | 19,804 | ||
MPLX LP | 4.000% | 3/15/28 | 31,831 | 35,530 | ||
MPLX LP | 4.800% | 2/15/29 | 23,878 | 27,974 | ||
MPLX LP | 2.650% | 8/15/30 | 28,966 | 29,437 | ||
Northwest Pipeline LLC | 4.000% | 4/1/27 | 925 | 1,034 | ||
NOV Inc. | 3.600% | 12/1/29 | 10,392 | 11,004 | ||
ONEOK Inc. | 4.000% | 7/13/27 | 13,152 | 14,605 | ||
ONEOK Inc. | 4.550% | 7/15/28 | 20,046 | 22,919 | ||
ONEOK Inc. | 4.350% | 3/15/29 | 27,967 | 31,728 | ||
ONEOK Inc. | 3.400% | 9/1/29 | 32,509 | 34,934 | ||
ONEOK Inc. | 3.100% | 3/15/30 | 16,133 | 16,958 | ||
ONEOK Inc. | 6.350% | 1/15/31 | 2,220 | 2,862 | ||
Phillips 66 | 3.900% | 3/15/28 | 15,513 | 17,364 | ||
Phillips 66 | 2.150% | 12/15/30 | 21,759 | 21,394 | ||
Phillips 66 Partners LP | 3.550% | 10/1/26 | 9,123 | 9,897 | ||
Phillips 66 Partners LP | 3.750% | 3/1/28 | 15,631 | 17,079 | ||
Phillips 66 Partners LP | 3.150% | 12/15/29 | 14,592 | 15,414 | ||
Pioneer Natural Resources Co. | 1.900% | 8/15/30 | 27,486 | 26,539 | ||
Pioneer Natural Resources Co. | 2.150% | 1/15/31 | 22,530 | 22,101 | ||
Plains All American Pipeline LP | 4.500% | 12/15/26 | 17,951 | 20,147 | ||
Plains All American Pipeline LP | 3.550% | 12/15/29 | 24,856 | 26,374 | ||
Plains All American Pipeline LP | 3.800% | 9/15/30 | 21,011 | 22,628 | ||
Sabine Pass Liquefaction LLC | 5.000% | 3/15/27 | 35,961 | 41,601 | ||
Sabine Pass Liquefaction LLC | 4.200% | 3/15/28 | 33,101 | 37,192 | ||
Sabine Pass Liquefaction LLC | 4.500% | 5/15/30 | 57,747 | 67,029 | ||
Schlumberger Investment SA | 2.650% | 6/26/30 | 29,892 | 31,384 | ||
Shell International Finance BV | 2.500% | 9/12/26 | 24,246 | 25,814 | ||
Shell International Finance BV | 3.875% | 11/13/28 | 31,483 | 36,139 | ||
Shell International Finance BV | 2.375% | 11/7/29 | 35,715 | 37,308 | ||
Shell International Finance BV | 2.750% | 4/6/30 | 42,516 | 45,509 | ||
Spectra Energy Partners LP | 3.375% | 10/15/26 | 16,979 | 18,446 | ||
TC PipeLines LP | 3.900% | 5/25/27 | 11,888 | 13,212 | ||
Tennessee Gas Pipeline Co. LLC | 7.000% | 3/15/27 | 4,208 | 5,373 | ||
Tennessee Gas Pipeline Co. LLC | 7.000% | 10/15/28 | 9,802 | 12,811 | ||
TotalEnergies Capital International SA | 3.455% | 2/19/29 | 26,596 | 29,755 | ||
TotalEnergies Capital International SA | 2.829% | 1/10/30 | 30,637 | 32,964 | ||
TotalEnergies Capital SA | 3.883% | 10/11/28 | 17,328 | 19,911 | ||
TransCanada PipeLines Ltd. | 4.250% | 5/15/28 | 26,181 | 30,091 | ||
TransCanada PipeLines Ltd. | 4.100% | 4/15/30 | 39,613 | 45,408 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.000% | 3/15/28 | 14,620 | 16,514 | ||
Transcontinental Gas Pipe Line Co. LLC | 3.250% | 5/15/30 | 23,123 | 25,015 | ||
Valero Energy Corp. | 3.400% | 9/15/26 | 28,428 | 30,633 | ||
Valero Energy Corp. | 2.150% | 9/15/27 | 14,511 | 14,790 | ||
Valero Energy Corp. | 4.350% | 6/1/28 | 21,069 | 23,780 | ||
Valero Energy Corp. | 4.000% | 4/1/29 | 23,281 | 25,792 | ||
Valero Energy Partners LP | 4.375% | 12/15/26 | 13,619 | 15,371 | ||
Valero Energy Partners LP | 4.500% | 3/15/28 | 14,209 | 16,113 | ||
Williams Cos. Inc. | 3.750% | 6/15/27 | 35,204 | 39,092 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Williams Cos. Inc. | 3.500% | 11/15/30 | 31,363 | 34,434 | ||
Williams Cos. Inc. | 2.600% | 3/15/31 | 27,390 | 27,991 | ||
3,146,001 | ||||||
Financials (28.7%) | ||||||
ACE Capital Trust II | 9.700% | 4/1/30 | 2,955 | 4,463 | ||
1 | Aegon NV | 5.500% | 4/11/48 | 18,030 | 21,187 | |
AerCap Ireland Capital DAC | 3.650% | 7/21/27 | 25,504 | 27,132 | ||
AerCap Ireland Capital DAC | 4.625% | 10/15/27 | 18,780 | 20,941 | ||
AerCap Ireland Capital DAC | 3.875% | 1/23/28 | 15,772 | 16,904 | ||
Affiliated Managers Group Inc. | 3.300% | 6/15/30 | 15,998 | 17,363 | ||
Aflac Inc. | 2.875% | 10/15/26 | 6,077 | 6,584 | ||
Aflac Inc. | 3.600% | 4/1/30 | 41,659 | 47,332 | ||
1 | Air Lease Corp. | 3.750% | 6/1/26 | 3,002 | 3,278 | |
Air Lease Corp. | 3.625% | 4/1/27 | 10,070 | 10,880 | ||
Air Lease Corp. | 3.625% | 12/1/27 | 13,984 | 15,119 | ||
Air Lease Corp. | 2.100% | 9/1/28 | 18,025 | 17,704 | ||
Air Lease Corp. | 4.625% | 10/1/28 | 12,572 | 14,283 | ||
Air Lease Corp. | 3.250% | 10/1/29 | 13,172 | 13,792 | ||
1 | Air Lease Corp. | 3.000% | 2/1/30 | 17,535 | 17,942 | |
Air Lease Corp. | 3.125% | 12/1/30 | 20,025 | 20,581 | ||
Alleghany Corp. | 3.625% | 5/15/30 | 11,714 | 13,059 | ||
Allstate Corp. | 3.280% | 12/15/26 | 12,560 | 13,880 | ||
Allstate Corp. | 1.450% | 12/15/30 | 13,245 | 12,803 | ||
American Equity Investment Life Holding Co. | 5.000% | 6/15/27 | 12,286 | 14,043 | ||
1 | American Express Credit Corp. | 3.300% | 5/3/27 | 47,299 | 52,412 | |
American Financial Group Inc. | 5.250% | 4/2/30 | 8,433 | 10,422 | ||
American International Group Inc. | 4.200% | 4/1/28 | 16,721 | 19,230 | ||
American International Group Inc. | 4.250% | 3/15/29 | 7,290 | 8,433 | ||
American International Group Inc. | 3.400% | 6/30/30 | 51,788 | 56,979 | ||
1 | American International Group Inc. | 5.750% | 4/1/48 | 14,725 | 16,982 | |
Ameriprise Financial Inc. | 2.875% | 9/15/26 | 18,595 | 20,043 | ||
1 | Andrew W Mellon Foundation | 0.947% | 8/1/27 | 7,375 | 7,267 | |
1 | Aon Corp. | 8.205% | 1/1/27 | 7,581 | 9,913 | |
Aon Corp. | 4.500% | 12/15/28 | 13,681 | 16,031 | ||
Aon Corp. | 3.750% | 5/2/29 | 19,757 | 22,292 | ||
Aon Corp. | 2.800% | 5/15/30 | 29,941 | 31,724 | ||
Aon Corp. | 2.050% | 8/23/31 | 1,250 | 1,244 | ||
Arch Capital Finance LLC | 4.011% | 12/15/26 | 11,409 | 12,945 | ||
Ares Capital Corp. | 2.875% | 6/15/28 | 21,925 | 22,360 | ||
Assurant Inc. | 4.900% | 3/27/28 | 7,711 | 9,024 | ||
Assurant Inc. | 3.700% | 2/22/30 | 8,644 | 9,510 | ||
Assured Guaranty US Holdings Inc. | 3.150% | 6/15/31 | 11,750 | 12,516 | ||
Athene Holding Ltd. | 4.125% | 1/12/28 | 23,534 | 26,445 | ||
Athene Holding Ltd. | 6.150% | 4/3/30 | 15,978 | 20,383 | ||
Athene Holding Ltd. | 3.500% | 1/15/31 | 14,494 | 15,766 | ||
AXA SA | 8.600% | 12/15/30 | 28,823 | 43,643 | ||
AXIS Specialty Finance LLC | 3.900% | 7/15/29 | 13,430 | 14,930 | ||
1 | AXIS Specialty Finance LLC | 4.900% | 1/15/40 | 5,101 | 5,451 | |
AXIS Specialty Finance plc | 4.000% | 12/6/27 | 8,149 | 9,080 | ||
Banco Santander SA | 4.250% | 4/11/27 | 26,508 | 30,018 | ||
Banco Santander SA | 3.800% | 2/23/28 | 17,526 | 19,416 | ||
Banco Santander SA | 4.379% | 4/12/28 | 26,613 | 30,528 | ||
Banco Santander SA | 3.306% | 6/27/29 | 17,209 | 18,863 | ||
Banco Santander SA | 3.490% | 5/28/30 | 32,889 | 35,766 | ||
Banco Santander SA | 2.749% | 12/3/30 | 43,325 | 43,536 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Banco Santander SA | 2.958% | 3/25/31 | 15,996 | 16,598 | ||
Bank of America Corp. | 6.220% | 9/15/26 | 5,376 | 6,583 | ||
1 | Bank of America Corp. | 4.250% | 10/22/26 | 46,840 | 53,173 | |
Bank of America Corp. | 1.734% | 7/22/27 | 120 | 122 | ||
1 | Bank of America Corp. | 3.248% | 10/21/27 | 59,938 | 65,391 | |
1 | Bank of America Corp. | 4.183% | 11/25/27 | 56,722 | 63,757 | |
1 | Bank of America Corp. | 3.824% | 1/20/28 | 48,115 | 53,562 | |
1 | Bank of America Corp. | 3.705% | 4/24/28 | 58,414 | 64,739 | |
1 | Bank of America Corp. | 3.593% | 7/21/28 | 63,909 | 70,654 | |
1 | Bank of America Corp. | 3.419% | 12/20/28 | 145,985 | 160,370 | |
1 | Bank of America Corp. | 3.970% | 3/5/29 | 58,541 | 65,971 | |
1 | Bank of America Corp. | 2.087% | 6/14/29 | 101,005 | 102,539 | |
1 | Bank of America Corp. | 4.271% | 7/23/29 | 70,112 | 80,533 | |
1 | Bank of America Corp. | 3.974% | 2/7/30 | 81,117 | 92,058 | |
1 | Bank of America Corp. | 3.194% | 7/23/30 | 73,364 | 79,308 | |
1 | Bank of America Corp. | 2.884% | 10/22/30 | 32,380 | 34,286 | |
1 | Bank of America Corp. | 2.496% | 2/13/31 | 77,897 | 80,082 | |
1 | Bank of America Corp. | 2.592% | 4/29/31 | 71,178 | 73,704 | |
1 | Bank of America Corp. | 1.898% | 7/23/31 | 66,197 | 64,812 | |
1 | Bank of America Corp. | 1.922% | 10/24/31 | 50,977 | 49,959 | |
1 | Bank of America Corp. | 2.651% | 3/11/32 | 48,712 | 50,495 | |
Bank of America Corp. | 2.687% | 4/22/32 | 134,483 | 139,934 | ||
Bank of America Corp. | 2.299% | 7/21/32 | 92,745 | 93,294 | ||
1 | Bank of Montreal | 3.803% | 12/15/32 | 20,912 | 23,127 | |
1 | Bank of New York Mellon Corp. | 3.250% | 5/16/27 | 23,832 | 26,268 | |
1 | Bank of New York Mellon Corp. | 3.400% | 1/29/28 | 19,183 | 21,409 | |
1 | Bank of New York Mellon Corp. | 3.442% | 2/7/28 | 35,122 | 38,847 | |
1 | Bank of New York Mellon Corp. | 3.850% | 4/28/28 | 6,010 | 6,938 | |
1 | Bank of New York Mellon Corp. | 1.650% | 7/14/28 | 8,505 | 8,600 | |
1 | Bank of New York Mellon Corp. | 3.000% | 10/30/28 | 6,544 | 7,188 | |
1 | Bank of New York Mellon Corp. | 3.300% | 8/23/29 | 14,158 | 15,754 | |
1 | Bank of New York Mellon Corp. | 1.650% | 1/28/31 | 8,095 | 8,031 | |
1 | Bank of New York Mellon Corp. | 1.800% | 7/28/31 | 13,915 | 13,813 | |
Bank of Nova Scotia | 2.150% | 8/1/31 | 15,465 | 15,617 | ||
BankUnited Inc. | 5.125% | 6/11/30 | 8,346 | 9,748 | ||
Barclays plc | 4.375% | 1/12/26 | 104 | 117 | ||
Barclays plc | 4.337% | 1/10/28 | 36,663 | 41,286 | ||
Barclays plc | 4.836% | 5/9/28 | 49,104 | 55,631 | ||
1 | Barclays plc | 4.972% | 5/16/29 | 39,890 | 46,892 | |
1 | Barclays plc | 5.088% | 6/20/30 | 25,120 | 29,320 | |
Barclays plc | 2.645% | 6/24/31 | 35,188 | 35,862 | ||
Barclays plc | 2.667% | 3/10/32 | 14,570 | 14,813 | ||
Barclays plc | 3.564% | 9/23/35 | 29,490 | 30,918 | ||
Berkshire Hathaway Finance Corp. | 1.850% | 3/12/30 | 13,532 | 13,720 | ||
Berkshire Hathaway Finance Corp. | 1.450% | 10/15/30 | 19,092 | 18,685 | ||
BlackRock Inc. | 3.200% | 3/15/27 | 21,444 | 23,677 | ||
BlackRock Inc. | 3.250% | 4/30/29 | 17,885 | 19,933 | ||
BlackRock Inc. | 2.400% | 4/30/30 | 23,484 | 24,648 | ||
BlackRock Inc. | 1.900% | 1/28/31 | 32,460 | 32,716 | ||
Blackstone Secured Lending Fund | 3.625% | 1/15/26 | 191 | 203 | ||
Blackstone Secured Lending Fund | 2.750% | 9/16/26 | 16,215 | 16,690 | ||
2 | Blackstone Secured Lending Fund | 2.125% | 2/15/27 | 16,665 | 16,474 | |
1 | BPCE SA | 3.375% | 12/2/26 | 7,668 | 8,438 | |
2 | BPCE SA | 3.250% | 1/11/28 | 3,975 | 4,344 | |
Brighthouse Financial Inc. | 3.700% | 6/22/27 | 25,288 | 27,750 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Brighthouse Financial Inc. | 5.625% | 5/15/30 | 18,131 | 22,090 | ||
Brookfield Finance Inc. | 4.250% | 6/2/26 | 268 | 302 | ||
Brookfield Finance Inc. | 3.900% | 1/25/28 | 11,514 | 12,952 | ||
Brookfield Finance Inc. | 4.850% | 3/29/29 | 24,243 | 28,942 | ||
Brookfield Finance Inc. | 4.350% | 4/15/30 | 23,836 | 27,832 | ||
Brookfield Finance Inc. | 2.724% | 4/15/31 | 11,189 | 11,636 | ||
Brown & Brown Inc. | 4.500% | 3/15/29 | 7,269 | 8,406 | ||
Brown & Brown Inc. | 2.375% | 3/15/31 | 17,412 | 17,597 | ||
Capital One Financial Corp. | 3.750% | 3/9/27 | 47,413 | 53,035 | ||
Capital One Financial Corp. | 3.650% | 5/11/27 | 20,236 | 22,576 | ||
Capital One Financial Corp. | 3.800% | 1/31/28 | 38,633 | 43,388 | ||
Capital One Financial Corp. | 2.359% | 7/29/32 | 14,975 | 14,872 | ||
Cboe Global Markets Inc. | 3.650% | 1/12/27 | 13,477 | 15,021 | ||
Cboe Global Markets Inc. | 1.625% | 12/15/30 | 10,480 | 10,194 | ||
Charles Schwab Corp. | 3.200% | 3/2/27 | 13,495 | 14,818 | ||
Charles Schwab Corp. | 3.200% | 1/25/28 | 21,196 | 23,365 | ||
Charles Schwab Corp. | 2.000% | 3/20/28 | 31,040 | 32,003 | ||
Charles Schwab Corp. | 4.000% | 2/1/29 | 14,984 | 17,315 | ||
Charles Schwab Corp. | 3.250% | 5/22/29 | 18,552 | 20,527 | ||
Charles Schwab Corp. | 4.625% | 3/22/30 | 578 | 706 | ||
Charles Schwab Corp. | 1.650% | 3/11/31 | 5,226 | 5,114 | ||
Charles Schwab Corp. | 2.300% | 5/13/31 | 36,758 | 37,961 | ||
Chubb INA Holdings Inc. | 1.375% | 9/15/30 | 34,350 | 32,972 | ||
CI Financial Corp. | 3.200% | 12/17/30 | 20,057 | 20,875 | ||
1 | Cincinnati Financial Corp. | 6.920% | 5/15/28 | 6,241 | 8,222 | |
Citigroup Inc. | 3.200% | 10/21/26 | 60,698 | 66,089 | ||
Citigroup Inc. | 4.300% | 11/20/26 | 25,323 | 28,716 | ||
Citigroup Inc. | 4.450% | 9/29/27 | 98,441 | 112,803 | ||
1 | Citigroup Inc. | 3.887% | 1/10/28 | 68,870 | 76,742 | |
Citigroup Inc. | 6.625% | 1/15/28 | 7,842 | 10,146 | ||
1 | Citigroup Inc. | 3.668% | 7/24/28 | 73,542 | 81,470 | |
Citigroup Inc. | 4.125% | 7/25/28 | 61,615 | 69,689 | ||
1 | Citigroup Inc. | 3.520% | 10/27/28 | 55,813 | 61,340 | |
1 | Citigroup Inc. | 4.075% | 4/23/29 | 37,075 | 42,042 | |
1 | Citigroup Inc. | 3.980% | 3/20/30 | 42,139 | 47,897 | |
1 | Citigroup Inc. | 2.976% | 11/5/30 | 41,189 | 43,859 | |
1 | Citigroup Inc. | 2.666% | 1/29/31 | 47,439 | 49,321 | |
1 | Citigroup Inc. | 4.412% | 3/31/31 | 105,334 | 123,539 | |
1 | Citigroup Inc. | 2.572% | 6/3/31 | 115,123 | 118,912 | |
Citigroup Inc. | 2.561% | 5/1/32 | 50,590 | 52,087 | ||
Citizens Financial Group Inc. | 2.500% | 2/6/30 | 15,844 | 16,355 | ||
Citizens Financial Group Inc. | 3.250% | 4/30/30 | 19,454 | 21,197 | ||
CME Group Inc. | 3.750% | 6/15/28 | 12,217 | 13,985 | ||
CNA Financial Corp. | 3.450% | 8/15/27 | 15,507 | 17,157 | ||
CNA Financial Corp. | 3.900% | 5/1/29 | 13,148 | 14,851 | ||
CNA Financial Corp. | 2.050% | 8/15/30 | 7,052 | 7,010 | ||
CNO Financial Group Inc. | 5.250% | 5/30/29 | 12,331 | 14,676 | ||
Comerica Inc. | 4.000% | 2/1/29 | 13,394 | 15,489 | ||
1 | Deutsche Bank AG | 3.547% | 9/18/31 | 33,125 | 35,750 | |
Deutsche Bank AG | 3.035% | 5/28/32 | 36,890 | 38,053 | ||
1 | Discover Bank | 3.450% | 7/27/26 | 1,289 | 1,407 | |
1 | Discover Bank | 4.650% | 9/13/28 | 24,957 | 29,287 | |
1 | Discover Bank | 2.700% | 2/6/30 | 14,355 | 15,100 | |
Discover Financial Services | 4.100% | ��2/9/27 | 31,987 | 35,987 | ||
E*TRADE Financial Corp. | 3.800% | 8/24/27 | 10,077 | 11,282 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
E*TRADE Financial Corp. | 4.500% | 6/20/28 | 9,892 | 11,506 | ||
Eaton Vance Corp. | 3.500% | 4/6/27 | 6,883 | 7,529 | ||
Enstar Group Ltd. | 4.950% | 6/1/29 | 19,827 | 22,741 | ||
Equitable Holdings Inc. | 7.000% | 4/1/28 | 5,460 | 7,072 | ||
Equitable Holdings Inc. | 4.350% | 4/20/28 | 35,764 | 41,120 | ||
Fairfax Financial Holdings Ltd. | 4.850% | 4/17/28 | 13,361 | 15,393 | ||
Fairfax Financial Holdings Ltd. | 4.625% | 4/29/30 | 15,077 | 17,283 | ||
2 | Fairfax Financial Holdings Ltd. | 3.375% | 3/3/31 | 17,305 | 18,274 | |
Fidelity National Financial Inc. | 4.500% | 8/15/28 | 9,356 | 10,795 | ||
Fidelity National Financial Inc. | 3.400% | 6/15/30 | 17,834 | 19,334 | ||
Fidelity National Financial Inc. | 2.450% | 3/15/31 | 14,761 | 14,808 | ||
Fifth Third Bancorp | 2.550% | 5/5/27 | 24,256 | 25,723 | ||
Fifth Third Bancorp | 3.950% | 3/14/28 | 15,437 | 17,787 | ||
1 | Fifth Third Bank NA | 2.250% | 2/1/27 | 16,723 | 17,562 | |
First American Financial Corp. | 4.000% | 5/15/30 | 10,992 | 12,288 | ||
First American Financial Corp. | 2.400% | 8/15/31 | 14,223 | 14,049 | ||
1 | First Horizon Bank | 5.750% | 5/1/30 | 11,750 | 14,564 | |
Franklin Resources Inc. | 1.600% | 10/30/30 | 18,795 | 18,157 | ||
FS KKR Capital Corp. | 2.625% | 1/15/27 | 9,990 | 10,002 | ||
GATX Corp. | 3.250% | 9/15/26 | 7,882 | 8,517 | ||
GATX Corp. | 3.850% | 3/30/27 | 10,782 | 11,898 | ||
GATX Corp. | 3.500% | 3/15/28 | 6,613 | 7,307 | ||
GATX Corp. | 4.550% | 11/7/28 | 9,676 | 11,315 | ||
GATX Corp. | 4.700% | 4/1/29 | 6,756 | 7,939 | ||
GATX Corp. | 4.000% | 6/30/30 | 14,671 | 16,642 | ||
GATX Corp. | 1.900% | 6/1/31 | 2,171 | 2,089 | ||
GE Capital Funding LLC | 4.050% | 5/15/27 | 16,734 | 18,931 | ||
GE Capital Funding LLC | 4.400% | 5/15/30 | 75,367 | 88,381 | ||
Global Payments Inc. | 4.450% | 6/1/28 | 9,698 | 11,192 | ||
Global Payments Inc. | 3.200% | 8/15/29 | 41,264 | 44,294 | ||
Global Payments Inc. | 2.900% | 5/15/30 | 23,966 | 25,189 | ||
Globe Life Inc. | 4.550% | 9/15/28 | 14,588 | 17,181 | ||
Globe Life Inc. | 2.150% | 8/15/30 | 7,875 | 7,897 | ||
Goldman Sachs Group Inc. | 3.500% | 11/16/26 | 36,476 | 39,718 | ||
Goldman Sachs Group Inc. | 5.950% | 1/15/27 | 21,442 | 26,118 | ||
Goldman Sachs Group Inc. | 3.850% | 1/26/27 | 77,991 | 86,237 | ||
Goldman Sachs Group Inc. | 1.542% | 9/10/27 | 52,611 | 52,837 | ||
1 | Goldman Sachs Group Inc. | 3.691% | 6/5/28 | 65,724 | 73,021 | |
1 | Goldman Sachs Group Inc. | 3.814% | 4/23/29 | 77,123 | 86,408 | |
1 | Goldman Sachs Group Inc. | 4.223% | 5/1/29 | 82,088 | 94,117 | |
Goldman Sachs Group Inc. | 2.600% | 2/7/30 | 29,615 | 30,869 | ||
Goldman Sachs Group Inc. | 3.800% | 3/15/30 | 86,880 | 98,021 | ||
Goldman Sachs Group Inc. | 1.992% | 1/27/32 | 53,503 | 52,461 | ||
Goldman Sachs Group Inc. | 2.615% | 4/22/32 | 118,282 | 121,935 | ||
1 | Goldman Sachs Group Inc. | 2.383% | 7/21/32 | 56,875 | 57,501 | |
Hanover Insurance Group Inc. | 4.500% | 4/15/26 | 148 | 167 | ||
Hanover Insurance Group Inc. | 2.500% | 9/1/30 | 8,775 | 8,921 | ||
Hartford Financial Services Group Inc. | 2.800% | 8/19/29 | 14,485 | 15,396 | ||
HSBC Holdings plc | 4.375% | 11/23/26 | 35,566 | 40,028 | ||
1 | HSBC Holdings plc | 4.041% | 3/13/28 | 67,380 | 75,141 | |
1 | HSBC Holdings plc | 2.013% | 9/22/28 | 48,406 | 48,864 | |
1 | HSBC Holdings plc | 4.583% | 6/19/29 | 86,735 | 100,204 | |
HSBC Holdings plc | 2.206% | 8/17/29 | 60,000 | 60,519 | ||
HSBC Holdings plc | 4.950% | 3/31/30 | 60,188 | 72,760 | ||
1 | HSBC Holdings plc | 3.973% | 5/22/30 | 61,252 | 68,719 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | HSBC Holdings plc | 2.848% | 6/4/31 | 31,089 | 32,451 | |
1 | HSBC Holdings plc | 2.357% | 8/18/31 | 27,764 | 27,889 | |
HSBC Holdings plc | 2.804% | 5/24/32 | 98,180 | 101,367 | ||
Huntington Bancshares Inc. | 2.550% | 2/4/30 | 22,109 | 23,263 | ||
2 | Huntington Bancshares Inc. | 2.487% | 8/15/36 | 9,191 | 9,211 | |
ING Groep NV | 3.950% | 3/29/27 | 41,706 | 46,979 | ||
ING Groep NV | 4.550% | 10/2/28 | 24,551 | 28,917 | ||
ING Groep NV | 4.050% | 4/9/29 | 23,884 | 27,474 | ||
ING Groep NV | 2.727% | 4/1/32 | 2,635 | 2,739 | ||
Intercontinental Exchange Inc. | 3.100% | 9/15/27 | 14,146 | 15,450 | ||
Intercontinental Exchange Inc. | 3.750% | 9/21/28 | 17,166 | 19,372 | ||
Intercontinental Exchange Inc. | 2.100% | 6/15/30 | 22,081 | 22,162 | ||
Jefferies Group LLC | 4.850% | 1/15/27 | 12,843 | 14,964 | ||
Jefferies Group LLC | 6.450% | 6/8/27 | 6,360 | 7,965 | ||
Jefferies Group LLC | 4.150% | 1/23/30 | 28,727 | 32,563 | ||
JPMorgan Chase & Co. | 3.875% | 9/10/24 | 1 | 1 | ||
JPMorgan Chase & Co. | 2.950% | 10/1/26 | 72,923 | 78,611 | ||
JPMorgan Chase & Co. | 7.625% | 10/15/26 | 15,437 | 20,121 | ||
JPMorgan Chase & Co. | 4.125% | 12/15/26 | 47,648 | 54,103 | ||
JPMorgan Chase & Co. | 1.040% | 2/4/27 | 82 | 81 | ||
JPMorgan Chase & Co. | 8.000% | 4/29/27 | 16,910 | 22,665 | ||
JPMorgan Chase & Co. | 4.250% | 10/1/27 | 34,785 | 39,926 | ||
JPMorgan Chase & Co. | 3.625% | 12/1/27 | 30,756 | 33,825 | ||
1 | JPMorgan Chase & Co. | 3.782% | 2/1/28 | 75,844 | 84,397 | |
1 | JPMorgan Chase & Co. | 3.540% | 5/1/28 | 59,792 | 65,896 | |
1 | JPMorgan Chase & Co. | 2.182% | 6/1/28 | 39,627 | 40,928 | |
1 | JPMorgan Chase & Co. | 3.509% | 1/23/29 | 51,091 | 56,455 | |
1 | JPMorgan Chase & Co. | 4.005% | 4/23/29 | 52,894 | 60,011 | |
JPMorgan Chase & Co. | 2.069% | 6/1/29 | 60,840 | 61,676 | ||
1 | JPMorgan Chase & Co. | 4.203% | 7/23/29 | 48,076 | 55,273 | |
1 | JPMorgan Chase & Co. | 4.452% | 12/5/29 | 77,484 | 90,592 | |
1 | JPMorgan Chase & Co. | 3.702% | 5/6/30 | 70,374 | 78,780 | |
1 | JPMorgan Chase & Co. | 8.750% | 9/1/30 | 1,168 | 1,775 | |
1 | JPMorgan Chase & Co. | 2.739% | 10/15/30 | 101,762 | 107,183 | |
1 | JPMorgan Chase & Co. | 4.493% | 3/24/31 | 60,613 | 71,892 | |
1 | JPMorgan Chase & Co. | 2.522% | 4/22/31 | 77,806 | 80,612 | |
1 | JPMorgan Chase & Co. | 2.956% | 5/13/31 | 68,824 | 72,840 | |
JPMorgan Chase & Co. | 1.764% | 11/19/31 | 32,781 | 31,783 | ||
JPMorgan Chase & Co. | 1.953% | 2/4/32 | 70,777 | 69,500 | ||
JPMorgan Chase & Co. | 2.580% | 4/22/32 | 106,025 | 109,652 | ||
Kemper Corp. | 2.400% | 9/30/30 | 9,827 | 9,907 | ||
1 | KeyBank NA | 6.950% | 2/1/28 | 7,678 | 9,879 | |
1 | KeyBank NA | 3.900% | 4/13/29 | 7,555 | 8,542 | |
1 | KeyCorp | 2.250% | 4/6/27 | 24,871 | 25,942 | |
1 | KeyCorp | 4.100% | 4/30/28 | 10,976 | 12,706 | |
1 | KeyCorp | 2.550% | 10/1/29 | 22,073 | 23,259 | |
Lazard Group LLC | 3.625% | 3/1/27 | 12,620 | 13,882 | ||
Lazard Group LLC | 4.500% | 9/19/28 | 13,382 | 15,542 | ||
Lazard Group LLC | 4.375% | 3/11/29 | 8,943 | 10,265 | ||
Legg Mason Inc. | 4.750% | 3/15/26 | 510 | 590 | ||
Lincoln National Corp. | 3.625% | 12/12/26 | 12,928 | 14,349 | ||
Lincoln National Corp. | 3.800% | 3/1/28 | 13,659 | 15,344 | ||
Lincoln National Corp. | 3.050% | 1/15/30 | 8,601 | 9,281 | ||
Lincoln National Corp. | 3.400% | 1/15/31 | 11,052 | 12,164 | ||
Lloyds Banking Group plc | 3.750% | 1/11/27 | 38,381 | 42,547 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Lloyds Banking Group plc | 4.375% | 3/22/28 | 41,391 | 47,618 | ||
Lloyds Banking Group plc | 4.550% | 8/16/28 | 23,234 | 27,118 | ||
1 | Lloyds Banking Group plc | 3.574% | 11/7/28 | 37,549 | 41,219 | |
Loews Corp. | 3.200% | 5/15/30 | 16,706 | 18,215 | ||
1 | Manufacturers & Traders Trust Co. | 3.400% | 8/17/27 | 16,378 | 18,116 | |
Manulife Financial Corp. | 2.484% | 5/19/27 | 18,783 | 19,864 | ||
1 | Manulife Financial Corp. | 4.061% | 2/24/32 | 11,450 | 12,598 | |
Markel Corp. | 3.500% | 11/1/27 | 5,911 | 6,537 | ||
Markel Corp. | 3.350% | 9/17/29 | 8,850 | 9,757 | ||
Marsh & McLennan Cos. Inc. | 4.375% | 3/15/29 | 42,104 | 49,493 | ||
Marsh & McLennan Cos. Inc. | 2.250% | 11/15/30 | 17,555 | 18,002 | ||
Mastercard Inc. | 2.950% | 11/21/26 | 16,493 | 18,018 | ||
Mastercard Inc. | 3.300% | 3/26/27 | 36,206 | 40,197 | ||
Mastercard Inc. | 3.500% | 2/26/28 | 12,855 | 14,460 | ||
Mastercard Inc. | 2.950% | 6/1/29 | 20,629 | 22,613 | ||
Mastercard Inc. | 3.350% | 3/26/30 | 36,493 | 41,218 | ||
Mastercard Inc. | 1.900% | 3/15/31 | 13,963 | 14,277 | ||
Mercury General Corp. | 4.400% | 3/15/27 | 7,617 | 8,640 | ||
MetLife Inc. | 4.550% | 3/23/30 | 26,363 | 31,738 | ||
Mitsubishi UFJ Financial Group Inc. | 2.757% | 9/13/26 | 29,803 | 31,783 | ||
Mitsubishi UFJ Financial Group Inc. | 3.677% | 2/22/27 | 15,020 | 16,777 | ||
Mitsubishi UFJ Financial Group Inc. | 3.287% | 7/25/27 | 27,582 | 30,533 | ||
Mitsubishi UFJ Financial Group Inc. | 3.961% | 3/2/28 | 28,711 | 32,676 | ||
Mitsubishi UFJ Financial Group Inc. | 4.050% | 9/11/28 | 14,465 | 16,625 | ||
Mitsubishi UFJ Financial Group Inc. | 3.741% | 3/7/29 | 37,020 | 41,769 | ||
Mitsubishi UFJ Financial Group Inc. | 3.195% | 7/18/29 | 53,689 | 58,412 | ||
Mitsubishi UFJ Financial Group Inc. | 2.559% | 2/25/30 | 30,112 | 31,392 | ||
Mitsubishi UFJ Financial Group Inc. | 2.048% | 7/17/30 | 44,704 | 44,755 | ||
Mitsubishi UFJ Financial Group Inc. | 2.309% | 7/20/32 | 58,879 | 59,417 | ||
Mizuho Financial Group Inc. | 2.839% | 9/13/26 | 19,446 | 20,925 | ||
Mizuho Financial Group Inc. | 3.663% | 2/28/27 | 11,850 | 13,174 | ||
Mizuho Financial Group Inc. | 3.170% | 9/11/27 | 20,105 | 21,858 | ||
Mizuho Financial Group Inc. | 4.018% | 3/5/28 | 25,680 | 29,398 | ||
1 | Mizuho Financial Group Inc. | 4.254% | 9/11/29 | 11,533 | 13,295 | |
1 | Mizuho Financial Group Inc. | 3.153% | 7/16/30 | 25,587 | 27,626 | |
1 | Mizuho Financial Group Inc. | 2.869% | 9/13/30 | 22,690 | 24,000 | |
1 | Mizuho Financial Group Inc. | 2.591% | 5/25/31 | 14,629 | 15,104 | |
1 | Mizuho Financial Group Inc. | 2.201% | 7/10/31 | 30,603 | 30,673 | |
1 | Mizuho Financial Group Inc. | 1.979% | 9/8/31 | 28,971 | 28,495 | |
Mizuho Financial Group Inc. | 2.172% | 5/22/32 | 10,036 | 9,991 | ||
Mizuho Financial Group Inc. | 2.260% | 7/9/32 | 4,433 | 4,431 | ||
1 | Morgan Stanley | 4.350% | 9/8/26 | 53,761 | 61,065 | |
Morgan Stanley | 3.625% | 1/20/27 | 74,643 | 83,019 | ||
Morgan Stanley | 3.950% | 4/23/27 | 54,279 | 60,961 | ||
Morgan Stanley | 1.593% | 5/4/27 | 311 | 314 | ||
1 | Morgan Stanley | 3.591% | 7/22/28 | 78,341 | 86,998 | |
1 | Morgan Stanley | 3.772% | 1/24/29 | 69,092 | 77,313 | |
1 | Morgan Stanley | 4.431% | 1/23/30 | 69,676 | 81,470 | |
1 | Morgan Stanley | 2.699% | 1/22/31 | 86,552 | 90,671 | |
1 | Morgan Stanley | 3.622% | 4/1/31 | 74,930 | 83,945 | |
1 | Morgan Stanley | 1.794% | 2/13/32 | 89,196 | 86,366 | |
1 | Morgan Stanley | 1.928% | 4/28/32 | 43,230 | 42,264 | |
1 | Morgan Stanley | 2.239% | 7/21/32 | 87,584 | 87,836 | |
1 | Munich Re America Corp. | 7.450% | 12/15/26 | 3,333 | 4,354 | |
Nasdaq Inc. | 1.650% | 1/15/31 | 15,625 | 14,887 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | National Australia Bank Ltd. | 2.500% | 7/12/26 | 373 | 398 | |
1 | Natwest Group plc | 3.073% | 5/22/28 | 28,692 | 30,601 | |
1 | Natwest Group plc | 4.892% | 5/18/29 | 45,383 | 53,366 | |
1 | Natwest Group plc | 5.076% | 1/27/30 | 42,900 | 51,371 | |
1 | Natwest Group plc | 4.445% | 5/8/30 | 30,374 | 35,134 | |
1 | Natwest Group plc | 3.032% | 11/28/35 | 23,385 | 23,487 | |
Nomura Holdings Inc. | 2.172% | 7/14/28 | 25,040 | 25,071 | ||
Nomura Holdings Inc. | 3.103% | 1/16/30 | 50,723 | 53,529 | ||
Nomura Holdings Inc. | 2.679% | 7/16/30 | 8,444 | 8,620 | ||
Nomura Holdings Inc. | 2.608% | 7/14/31 | 30,200 | 30,519 | ||
Northern Trust Corp. | 3.650% | 8/3/28 | 11,025 | 12,572 | ||
Northern Trust Corp. | 3.150% | 5/3/29 | 14,650 | 16,223 | ||
Northern Trust Corp. | 1.950% | 5/1/30 | 25,329 | 25,835 | ||
1 | Northern Trust Corp. | 3.375% | 5/8/32 | 6,915 | 7,551 | |
Oaktree Specialty Lending Corp. | 2.700% | 1/15/27 | 3,280 | 3,313 | ||
ORIX Corp. | 3.700% | 7/18/27 | 10,834 | 12,139 | ||
ORIX Corp. | 2.250% | 3/9/31 | 12,979 | 13,170 | ||
Owl Rock Capital Corp. | 2.625% | 1/15/27 | 11,336 | 11,452 | ||
Owl Rock Capital Corp. | 2.875% | 6/11/28 | 17,790 | 17,885 | ||
Owl Rock Technology Finance Corp. | 2.500% | 1/15/27 | 4,855 | 4,886 | ||
PartnerRe Finance B LLC | 3.700% | 7/2/29 | 10,495 | 11,766 | ||
PartnerRe Finance B LLC | 4.500% | 10/1/50 | 12,670 | 13,313 | ||
PayPal Holdings Inc. | 2.650% | 10/1/26 | 29,769 | 31,992 | ||
PayPal Holdings Inc. | 2.850% | 10/1/29 | 38,689 | 41,736 | ||
PayPal Holdings Inc. | 2.300% | 6/1/30 | 21,850 | 22,722 | ||
1 | PNC Bank NA | 3.100% | 10/25/27 | 15,463 | 17,015 | |
1 | PNC Bank NA | 3.250% | 1/22/28 | 14,485 | 16,046 | |
1 | PNC Bank NA | 4.050% | 7/26/28 | 30,961 | 35,853 | |
1 | PNC Bank NA | 2.700% | 10/22/29 | 20,035 | 21,358 | |
PNC Financial Services Group Inc. | 2.600% | 7/23/26 | 4,381 | 4,688 | ||
PNC Financial Services Group Inc. | 3.150% | 5/19/27 | 31,597 | 34,759 | ||
PNC Financial Services Group Inc. | 3.450% | 4/23/29 | 42,733 | 47,722 | ||
PNC Financial Services Group Inc. | 2.550% | 1/22/30 | 37,993 | 39,931 | ||
PNC Financial Services Group Inc. | 2.307% | 4/23/32 | 29,790 | 30,686 | ||
Principal Financial Group Inc. | 3.100% | 11/15/26 | 11,408 | 12,392 | ||
Principal Financial Group Inc. | 3.700% | 5/15/29 | 13,525 | 15,290 | ||
Principal Financial Group Inc. | 2.125% | 6/15/30 | 8,764 | 8,844 | ||
Progressive Corp. | 2.450% | 1/15/27 | 15,630 | 16,706 | ||
Progressive Corp. | 4.000% | 3/1/29 | 11,617 | 13,438 | ||
Progressive Corp. | 6.625% | 3/1/29 | 1,802 | 2,390 | ||
Progressive Corp. | 3.200% | 3/26/30 | 19,528 | 21,604 | ||
Prospect Capital Corp. | 3.364% | 11/15/26 | 7,025 | 7,138 | ||
1 | Prudential Financial Inc. | 3.878% | 3/27/28 | 10,353 | 11,898 | |
1 | Prudential Financial Inc. | 2.100% | 3/10/30 | 11,385 | 11,639 | |
1 | Prudential Financial Inc. | 4.500% | 9/15/47 | 15,192 | 16,642 | |
1 | Prudential Financial Inc. | 5.700% | 9/15/48 | 15,497 | 18,218 | |
1 | Prudential Financial Inc. | 3.700% | 10/1/50 | 24,889 | 26,236 | |
Prudential plc | 3.125% | 4/14/30 | 24,863 | 27,122 | ||
Raymond James Financial Inc. | 4.650% | 4/1/30 | 29,711 | 35,712 | ||
Regions Financial Corp. | 1.800% | 8/12/28 | 16,040 | 16,030 | ||
Reinsurance Group of America Inc. | 3.950% | 9/15/26 | 7,035 | 7,858 | ||
Reinsurance Group of America Inc. | 3.900% | 5/15/29 | 13,780 | 15,570 | ||
Reinsurance Group of America Inc. | 3.150% | 6/15/30 | 18,751 | 20,179 | ||
RenaissanceRe Finance Inc. | 3.450% | 7/1/27 | 7,988 | 8,769 | ||
RenaissanceRe Holdings Ltd. | 3.600% | 4/15/29 | 6,200 | 6,889 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Santander Holdings USA Inc. | 3.244% | 10/5/26 | 44,055 | 47,223 | ||
Santander Holdings USA Inc. | 4.400% | 7/13/27 | 14,761 | 16,654 | ||
1 | Santander UK Group Holdings plc | 3.823% | 11/3/28 | 20,113 | 22,191 | |
Santander UK Group Holdings plc | 2.896% | 3/15/32 | 18,175 | 18,842 | ||
1 | State Street Corp. | 4.141% | 12/3/29 | 17,061 | 20,034 | |
State Street Corp. | 2.400% | 1/24/30 | 27,553 | 29,011 | ||
State Street Corp. | 2.200% | 3/3/31 | 25,663 | 26,217 | ||
State Street Corp. | 3.152% | 3/30/31 | 9,148 | 10,124 | ||
1 | State Street Corp. | 3.031% | 11/1/34 | 5,855 | 6,280 | |
Stifel Financial Corp. | 4.000% | 5/15/30 | 6,585 | 7,377 | ||
Sumitomo Mitsui Financial Group Inc. | 2.632% | 7/14/26 | 16,634 | 17,718 | ||
Sumitomo Mitsui Financial Group Inc. | 3.010% | 10/19/26 | 39,738 | 42,991 | ||
Sumitomo Mitsui Financial Group Inc. | 3.446% | 1/11/27 | 37,659 | 41,585 | ||
Sumitomo Mitsui Financial Group Inc. | 3.364% | 7/12/27 | 12,561 | 13,835 | ||
Sumitomo Mitsui Financial Group Inc. | 3.352% | 10/18/27 | 17,040 | 18,795 | ||
Sumitomo Mitsui Financial Group Inc. | 3.544% | 1/17/28 | 15,460 | 17,200 | ||
Sumitomo Mitsui Financial Group Inc. | 3.944% | 7/19/28 | 21,824 | 24,925 | ||
Sumitomo Mitsui Financial Group Inc. | 4.306% | 10/16/28 | 11,332 | 13,242 | ||
Sumitomo Mitsui Financial Group Inc. | 3.040% | 7/16/29 | 69,232 | 74,410 | ||
Sumitomo Mitsui Financial Group Inc. | 3.202% | 9/17/29 | 11,246 | 12,030 | ||
Sumitomo Mitsui Financial Group Inc. | 2.724% | 9/27/29 | 17,100 | 18,015 | ||
Sumitomo Mitsui Financial Group Inc. | 2.750% | 1/15/30 | 37,610 | 39,825 | ||
Sumitomo Mitsui Financial Group Inc. | 2.130% | 7/8/30 | 33,215 | 33,393 | ||
Sumitomo Mitsui Financial Group Inc. | 2.142% | 9/23/30 | 27,951 | 27,400 | ||
Sumitomo Mitsui Financial Group Inc. | 1.710% | 1/12/31 | 15,725 | 15,283 | ||
SVB Financial Group | 2.100% | 5/15/28 | 6,650 | 6,797 | ||
SVB Financial Group | 3.125% | 6/5/30 | 13,683 | 14,819 | ||
SVB Financial Group | 1.800% | 2/2/31 | 12,479 | 12,085 | ||
Synchrony Financial | 3.950% | 12/1/27 | 23,992 | 26,778 | ||
Synchrony Financial | 5.150% | 3/19/29 | 12,355 | 14,673 | ||
TD Ameritrade Holding Corp. | 3.300% | 4/1/27 | 18,551 | 20,476 | ||
TD Ameritrade Holding Corp. | 2.750% | 10/1/29 | 13,158 | 14,088 | ||
1 | Toronto-Dominion Bank | 3.625% | 9/15/31 | 30,277 | 33,564 | |
1 | Truist Bank | 3.800% | 10/30/26 | 17,745 | 19,910 | |
1 | Truist Bank | 2.250% | 3/11/30 | 33,713 | 34,544 | |
1 | Truist Financial Corp. | 1.125% | 8/3/27 | 22,697 | 22,405 | |
1 | Truist Financial Corp. | 3.875% | 3/19/29 | 28,845 | 32,938 | |
1 | Truist Financial Corp. | 1.887% | 6/7/29 | 25,750 | 26,081 | |
1 | Truist Financial Corp. | 1.950% | 6/5/30 | 8,861 | 9,000 | |
Unum Group | 4.000% | 6/15/29 | 9,499 | 10,675 | ||
1 | US Bancorp | 3.150% | 4/27/27 | 32,080 | 35,343 | |
1 | US Bancorp | 3.900% | 4/26/28 | 14,599 | 16,841 | |
1 | US Bancorp | 3.000% | 7/30/29 | 23,384 | 25,472 | |
1 | US Bancorp | 1.375% | 7/22/30 | 24,749 | 23,978 | |
Visa Inc. | 1.900% | 4/15/27 | 38,121 | 39,634 | ||
Visa Inc. | 0.750% | 8/15/27 | 13,539 | 13,310 | ||
Visa Inc. | 2.750% | 9/15/27 | 20,496 | 22,287 | ||
Visa Inc. | 2.050% | 4/15/30 | 32,623 | 33,650 | ||
Visa Inc. | 1.100% | 2/15/31 | 23,811 | 22,653 | ||
1 | Voya Financial Inc. | 4.700% | 1/23/48 | 9,126 | 9,629 | |
Webster Financial Corp. | 4.100% | 3/25/29 | 6,686 | 7,465 | ||
Wells Fargo & Co. | 3.000% | 10/23/26 | 90,755 | 98,133 | ||
1 | Wells Fargo & Co. | 3.196% | 6/17/27 | 384 | 416 | |
1 | Wells Fargo & Co. | 4.300% | 7/22/27 | 60,094 | 68,926 | |
1 | Wells Fargo & Co. | 3.584% | 5/22/28 | 87,342 | 96,880 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Wells Fargo & Co. | 2.393% | 6/2/28 | 64,722 | 67,456 | |
1 | Wells Fargo & Co. | 4.150% | 1/24/29 | 47,765 | 54,991 | |
1 | Wells Fargo & Co. | 2.879% | 10/30/30 | 75,160 | 79,929 | |
1 | Wells Fargo & Co. | 2.572% | 2/11/31 | 78,273 | 81,371 | |
1 | Wells Fargo & Co. | 4.478% | 4/4/31 | 64,325 | 76,374 | |
Western Union Co. | 2.750% | 3/15/31 | 7,549 | 7,634 | ||
Westpac Banking Corp. | 1.150% | 6/3/26 | 393 | 396 | ||
Westpac Banking Corp. | 3.350% | 3/8/27 | 36,042 | 40,030 | ||
Westpac Banking Corp. | 3.400% | 1/25/28 | 11,375 | 12,755 | ||
Westpac Banking Corp. | 2.650% | 1/16/30 | 14,626 | 15,793 | ||
Westpac Banking Corp. | 2.150% | 6/3/31 | 26,372 | 26,999 | ||
1 | Westpac Banking Corp. | 4.322% | 11/23/31 | 34,370 | 38,207 | |
Westpac Banking Corp. | 4.110% | 7/24/34 | 37,700 | 41,661 | ||
Westpac Banking Corp. | 2.668% | 11/15/35 | 31,789 | 31,545 | ||
Willis North America Inc. | 4.500% | 9/15/28 | 14,855 | 17,169 | ||
Willis North America Inc. | 2.950% | 9/15/29 | 20,145 | 21,312 | ||
Wintrust Financial Corp. | 4.850% | 6/6/29 | 4,983 | 5,482 | ||
Zions Bancorp NA | 3.250% | 10/29/29 | 12,525 | 13,247 | ||
14,018,970 | ||||||
Health Care (8.9%) | ||||||
Abbott Laboratories | 3.750% | 11/30/26 | 42,070 | 47,576 | ||
Abbott Laboratories | 1.150% | 1/30/28 | 26,670 | 26,291 | ||
Abbott Laboratories | 1.400% | 6/30/30 | 10,366 | 10,114 | ||
AbbVie Inc. | 2.950% | 11/21/26 | 99,510 | 107,234 | ||
AbbVie Inc. | 4.250% | 11/14/28 | 55,246 | 64,030 | ||
AbbVie Inc. | 3.200% | 11/21/29 | 127,167 | 138,983 | ||
Adventist Health System | 2.952% | 3/1/29 | 6,555 | 6,968 | ||
Advocate Health & Hospitals Corp. | 3.829% | 8/15/28 | 5,664 | 6,449 | ||
1 | Advocate Health & Hospitals Corp. | 2.211% | 6/15/30 | 7,478 | 7,676 | |
Agilent Technologies Inc. | 3.050% | 9/22/26 | 7,998 | 8,625 | ||
Agilent Technologies Inc. | 2.750% | 9/15/29 | 7,607 | 8,035 | ||
Agilent Technologies Inc. | 2.100% | 6/4/30 | 13,358 | 13,353 | ||
Agilent Technologies Inc. | 2.300% | 3/12/31 | 23,445 | 23,765 | ||
AmerisourceBergen Corp. | 3.450% | 12/15/27 | 26,694 | 29,302 | ||
AmerisourceBergen Corp. | 2.800% | 5/15/30 | 8,781 | 9,227 | ||
AmerisourceBergen Corp. | 2.700% | 3/15/31 | 30,985 | 32,166 | ||
Amgen Inc. | 2.200% | 2/21/27 | 41,074 | 42,818 | ||
Amgen Inc. | 3.200% | 11/2/27 | 15,440 | 16,934 | ||
Amgen Inc. | 1.650% | 8/15/28 | 27,490 | 27,406 | ||
Amgen Inc. | 2.450% | 2/21/30 | 35,754 | 36,991 | ||
Amgen Inc. | 2.300% | 2/25/31 | 36,853 | 37,543 | ||
Amgen Inc. | 2.000% | 1/15/32 | 5,000 | 4,924 | ||
Anthem Inc. | 3.650% | 12/1/27 | 37,335 | 41,811 | ||
Anthem Inc. | 4.101% | 3/1/28 | 25,536 | 29,185 | ||
Anthem Inc. | 2.875% | 9/15/29 | 29,774 | 31,769 | ||
Anthem Inc. | 2.250% | 5/15/30 | 26,566 | 27,042 | ||
Anthem Inc. | 2.550% | 3/15/31 | 24,055 | 25,030 | ||
1 | Ascension Health | 2.532% | 11/15/29 | 21,490 | 22,774 | |
Astrazeneca Finance LLC | 1.750% | 5/28/28 | 25,900 | 26,276 | ||
Astrazeneca Finance LLC | 2.250% | 5/28/31 | 21,275 | 21,937 | ||
AstraZeneca plc | 3.125% | 6/12/27 | 19,931 | 21,787 | ||
AstraZeneca plc | 4.000% | 1/17/29 | 31,636 | 36,523 | ||
AstraZeneca plc | 1.375% | 8/6/30 | 31,510 | 30,287 | ||
Banner Health | 2.338% | 1/1/30 | 6,900 | 7,128 | ||
Banner Health | 1.897% | 1/1/31 | 7,485 | 7,480 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Baxter International Inc. | 3.950% | 4/1/30 | 11,186 | 12,900 | ||
Baxter International Inc. | 1.730% | 4/1/31 | 11,005 | 10,768 | ||
1 | Baylor Scott & White Holdings | 1.777% | 11/15/30 | 4,425 | 4,387 | |
Becton Dickinson & Co. | 3.700% | 6/6/27 | 48,601 | 54,175 | ||
Becton Dickinson & Co. | 2.823% | 5/20/30 | 16,256 | 17,220 | ||
Becton Dickinson & Co. | 1.957% | 2/11/31 | 22,737 | 22,403 | ||
Biogen Inc. | 2.250% | 5/1/30 | 37,651 | 38,054 | ||
1 | Bon Secours Mercy Health Inc. | 3.464% | 6/1/30 | 9,668 | 10,713 | |
1 | Bon Secours Mercy Health Inc. | 2.095% | 6/1/31 | 1,550 | 1,556 | |
Boston Scientific Corp. | 4.000% | 3/1/28 | 1,945 | 2,235 | ||
Boston Scientific Corp. | 4.000% | 3/1/29 | 25,848 | 29,581 | ||
Boston Scientific Corp. | 2.650% | 6/1/30 | 37,127 | 38,684 | ||
Bristol-Myers Squibb Co. | 3.250% | 2/27/27 | 15,527 | 17,222 | ||
Bristol-Myers Squibb Co. | 1.125% | 11/13/27 | 15,780 | 15,684 | ||
Bristol-Myers Squibb Co. | 3.450% | 11/15/27 | 41,150 | 46,065 | ||
Bristol-Myers Squibb Co. | 3.900% | 2/20/28 | 42,657 | 48,887 | ||
Bristol-Myers Squibb Co. | 3.400% | 7/26/29 | 90,501 | 101,697 | ||
Bristol-Myers Squibb Co. | 1.450% | 11/13/30 | 31,130 | 30,331 | ||
Cardinal Health Inc. | 3.410% | 6/15/27 | 23,840 | 26,151 | ||
1 | CHRISTUS Health | 4.341% | 7/1/28 | 7,853 | 9,092 | |
1 | Cigna Corp. | 3.400% | 3/1/27 | 30,683 | 33,787 | |
1 | Cigna Corp. | 3.050% | 10/15/27 | 10,312 | 11,184 | |
Cigna Corp. | 4.375% | 10/15/28 | 85,694 | 100,029 | ||
Cigna Corp. | 2.400% | 3/15/30 | 51,140 | 52,714 | ||
Cigna Corp. | 2.375% | 3/15/31 | 36,151 | 37,142 | ||
CommonSpirit Health | 3.347% | 10/1/29 | 23,967 | 26,029 | ||
CommonSpirit Health | 2.782% | 10/1/30 | 10,671 | 11,173 | ||
CVS Health Corp. | 3.625% | 4/1/27 | 18,562 | 20,600 | ||
CVS Health Corp. | 6.250% | 6/1/27 | 6,671 | 8,313 | ||
CVS Health Corp. | 1.300% | 8/21/27 | 43,093 | 42,695 | ||
CVS Health Corp. | 4.300% | 3/25/28 | 61,551 | 70,907 | ||
CVS Health Corp. | 3.250% | 8/15/29 | 61,749 | 67,382 | ||
CVS Health Corp. | 3.750% | 4/1/30 | 42,325 | 47,695 | ||
CVS Health Corp. | 1.750% | 8/21/30 | 48,431 | 47,168 | ||
CVS Health Corp. | 1.875% | 2/28/31 | 49,739 | 48,753 | ||
CVS Health Corp. | 2.125% | 9/15/31 | 10,000 | 9,971 | ||
DENTSPLY SIRONA Inc. | 3.250% | 6/1/30 | 17,772 | 19,252 | ||
DH Europe Finance II Sarl | 2.600% | 11/15/29 | 19,121 | 20,150 | ||
Edwards Lifesciences Corp. | 4.300% | 6/15/28 | 13,478 | 15,657 | ||
Eli Lilly & Co. | 3.375% | 3/15/29 | 26,808 | 30,156 | ||
Gilead Sciences Inc. | 2.950% | 3/1/27 | 38,799 | 41,904 | ||
Gilead Sciences Inc. | 1.200% | 10/1/27 | 15,125 | 14,903 | ||
Gilead Sciences Inc. | 1.650% | 10/1/30 | 4,626 | 4,512 | ||
GlaxoSmithKline Capital Inc. | 3.875% | 5/15/28 | 52,977 | 60,878 | ||
GlaxoSmithKline Capital plc | 3.375% | 6/1/29 | 20,301 | 22,685 | ||
HCA Inc. | 4.500% | 2/15/27 | 33,733 | 38,224 | ||
HCA Inc. | 4.125% | 6/15/29 | 45,724 | 51,766 | ||
HCA Inc. | 2.375% | 7/15/31 | 22,630 | 22,639 | ||
Humana Inc. | 1.350% | 2/3/27 | 1,150 | 1,146 | ||
Humana Inc. | 3.950% | 3/15/27 | 12,858 | 14,456 | ||
Humana Inc. | 3.125% | 8/15/29 | 14,812 | 16,012 | ||
Humana Inc. | 4.875% | 4/1/30 | 11,430 | 13,850 | ||
Illumina Inc. | 2.550% | 3/23/31 | 12,100 | 12,402 | ||
Johnson & Johnson | 2.950% | 3/3/27 | 38,058 | 41,712 | ||
Johnson & Johnson | 0.950% | 9/1/27 | 37,568 | 37,176 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Johnson & Johnson | 2.900% | 1/15/28 | 30,471 | 33,281 | ||
Johnson & Johnson | 6.950% | 9/1/29 | 4,349 | 6,066 | ||
Johnson & Johnson | 1.300% | 9/1/30 | 38,227 | 37,448 | ||
Kaiser Foundation Hospitals | 3.150% | 5/1/27 | 17,600 | 19,335 | ||
Laboratory Corp. of America Holdings | 3.600% | 9/1/27 | 10,255 | 11,352 | ||
Laboratory Corp. of America Holdings | 2.950% | 12/1/29 | 18,189 | 19,357 | ||
Laboratory Corp. of America Holdings | 2.700% | 6/1/31 | 10,075 | 10,427 | ||
Medtronic Global Holdings SCA | 3.350% | 4/1/27 | 9,368 | 10,337 | ||
Merck & Co. Inc. | 3.400% | 3/7/29 | 52,176 | 58,684 | ||
Merck & Co. Inc. | 1.450% | 6/24/30 | 27,863 | 27,404 | ||
1 | Mercy Health | 4.302% | 7/1/28 | 7,370 | 8,552 | |
Mylan Inc. | 4.550% | 4/15/28 | 15,503 | 17,883 | ||
Novartis Capital Corp. | 2.000% | 2/14/27 | 45,774 | 47,692 | ||
Novartis Capital Corp. | 3.100% | 5/17/27 | 27,770 | 30,441 | ||
Novartis Capital Corp. | 2.200% | 8/14/30 | 19,342 | 20,133 | ||
1 | Ochsner LSU Health System of North Louisiana | 2.510% | 5/15/31 | 7,050 | 7,069 | |
PerkinElmer Inc. | 3.300% | 9/15/29 | 22,462 | 24,375 | ||
PerkinElmer Inc. | 2.550% | 3/15/31 | 8,137 | 8,380 | ||
Perrigo Finance Unlimited Co. | 3.150% | 6/15/30 | 14,721 | 15,408 | ||
Pfizer Inc. | 3.000% | 12/15/26 | 27,546 | 30,317 | ||
Pfizer Inc. | 3.600% | 9/15/28 | 14,652 | 16,671 | ||
Pfizer Inc. | 3.450% | 3/15/29 | 51,513 | 58,150 | ||
Pfizer Inc. | 2.625% | 4/1/30 | 33,663 | 36,099 | ||
Pfizer Inc. | 1.700% | 5/28/30 | 30,944 | 30,986 | ||
Pfizer Inc. | 1.750% | 8/18/31 | 20,300 | 20,199 | ||
Pharmacia LLC | 6.600% | 12/1/28 | 11,894 | 16,023 | ||
1 | Providence St. Joseph Health Obligated Group | 2.746% | 10/1/26 | 9,841 | 10,543 | |
1 | Providence St. Joseph Health Obligated Group | 2.532% | 10/1/29 | 10,783 | 11,351 | |
Quest Diagnostics Inc. | 4.200% | 6/30/29 | 15,216 | 17,634 | ||
Quest Diagnostics Inc. | 2.950% | 6/30/30 | 19,608 | 20,979 | ||
Quest Diagnostics Inc. | 2.800% | 6/30/31 | 3,624 | 3,837 | ||
Regeneron Pharmaceuticals Inc. | 1.750% | 9/15/30 | 29,781 | 28,660 | ||
Royalty Pharma plc | 1.750% | 9/2/27 | 16,890 | 16,939 | ||
Royalty Pharma plc | 2.200% | 9/2/30 | 30,857 | 30,587 | ||
Royalty Pharma plc | 2.150% | 9/2/31 | 8,000 | 7,812 | ||
1 | Rush Obligated Group | 3.922% | 11/15/29 | 7,766 | 8,887 | |
Sanofi | 3.625% | 6/19/28 | 21,463 | 24,536 | ||
Shire Acquisitions Investments Ireland DAC | 3.200% | 9/23/26 | 78,750 | 85,458 | ||
Smith & Nephew plc | 2.032% | 10/14/30 | 24,675 | 24,304 | ||
1 | SSM Health Care Corp. | 3.823% | 6/1/27 | 11,977 | 13,535 | |
1 | Stanford Health Care | 3.310% | 8/15/30 | 7,375 | 8,189 | |
STERIS Irish FinCo Unltd. Co. | 2.700% | 3/15/31 | 22,455 | 23,177 | ||
Stryker Corp. | 3.650% | 3/7/28 | 10,117 | 11,395 | ||
Stryker Corp. | 1.950% | 6/15/30 | 27,409 | 27,462 | ||
1 | Sutter Health | 3.695% | 8/15/28 | 6,999 | 7,888 | |
1 | Sutter Health | 2.294% | 8/15/30 | 18,275 | 18,721 | |
Takeda Pharmaceutical Co. Ltd. | 5.000% | 11/26/28 | 50,764 | 61,319 | ||
Takeda Pharmaceutical Co. Ltd. | 2.050% | 3/31/30 | 56,901 | 56,697 | ||
Thermo Fisher Scientific Inc. | 2.950% | 9/19/26 | 25,428 | 27,464 | ||
Thermo Fisher Scientific Inc. | 3.200% | 8/15/27 | 18,595 | 20,392 | ||
Thermo Fisher Scientific Inc. | 1.750% | 10/15/28 | 27,000 | 27,261 | ||
Thermo Fisher Scientific Inc. | 2.600% | 10/1/29 | 18,547 | 19,591 | ||
Thermo Fisher Scientific Inc. | 4.497% | 3/25/30 | 26,709 | 31,903 | ||
Thermo Fisher Scientific Inc. | 2.000% | 10/15/31 | 8,000 | 7,987 | ||
1 | Toledo Hospital | 5.325% | 11/15/28 | 7,852 | 9,047 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
UnitedHealth Group Inc. | 3.450% | 1/15/27 | 19,582 | 21,789 | ||
UnitedHealth Group Inc. | 3.375% | 4/15/27 | 11,307 | 12,572 | ||
UnitedHealth Group Inc. | 2.950% | 10/15/27 | 25,857 | 28,324 | ||
UnitedHealth Group Inc. | 3.850% | 6/15/28 | 24,782 | 28,409 | ||
UnitedHealth Group Inc. | 3.875% | 12/15/28 | 11,304 | 13,038 | ||
UnitedHealth Group Inc. | 2.875% | 8/15/29 | 34,386 | 37,334 | ||
UnitedHealth Group Inc. | 2.000% | 5/15/30 | 14,818 | 15,087 | ||
UnitedHealth Group Inc. | 2.300% | 5/15/31 | 54,620 | 56,578 | ||
2 | Universal Health Services Inc. | 2.650% | 10/15/30 | 20,064 | 20,444 | |
2 | Viatris Inc. | 2.300% | 6/22/27 | 21,281 | 21,898 | |
2 | Viatris Inc. | 2.700% | 6/22/30 | 44,110 | 45,096 | |
Zimmer Biomet Holdings Inc. | 3.550% | 3/20/30 | 19,646 | 21,736 | ||
Zoetis Inc. | 3.000% | 9/12/27 | 15,528 | 16,865 | ||
Zoetis Inc. | 3.900% | 8/20/28 | 17,278 | 19,701 | ||
Zoetis Inc. | 2.000% | 5/15/30 | 12,039 | 12,108 | ||
4,344,869 | ||||||
Industrials (7.1%) | ||||||
1 | 3M Co. | 2.250% | 9/19/26 | 26,563 | 28,098 | |
3M Co. | 2.875% | 10/15/27 | 19,998 | 21,859 | ||
1 | 3M Co. | 3.625% | 9/14/28 | 8,039 | 9,160 | |
1 | 3M Co. | 3.375% | 3/1/29 | 21,696 | 24,245 | |
3M Co. | 2.375% | 8/26/29 | 25,169 | 26,491 | ||
3M Co. | 3.050% | 4/15/30 | 11,762 | 12,929 | ||
Acuity Brands Lighting Inc. | 2.150% | 12/15/30 | 12,387 | 12,275 | ||
Allegion plc | 3.500% | 10/1/29 | 11,107 | 12,206 | ||
Allegion US Holding Co. Inc. | 3.550% | 10/1/27 | 8,355 | 9,109 | ||
1 | American Airlines Pass-Through Trust Class AA Series 2015-2 | 3.600% | 9/22/27 | 2,728 | 2,821 | |
1 | American Airlines Pass-Through Trust Class AA Series 2016-1 | 3.575% | 1/15/28 | 8,895 | 9,162 | |
1 | American Airlines Pass-Through Trust Class AA Series 2016-2 | 3.200% | 6/15/28 | 9,830 | 9,932 | |
1 | American Airlines Pass-Through Trust Class AA Series 2016-3 | 3.000% | 10/15/28 | 6,592 | 6,613 | |
1 | American Airlines Pass-Through Trust Class AA Series 2017-1 | 3.650% | 2/15/29 | 9,180 | 9,508 | |
1 | American Airlines Pass-Through Trust Class AA Series 2017-2 | 3.350% | 10/15/29 | 10,733 | 10,952 | |
Amphenol Corp. | 4.350% | 6/1/29 | 8,303 | 9,729 | ||
Amphenol Corp. | 2.800% | 2/15/30 | 25,686 | 27,234 | ||
Boeing Co. | 2.700% | 2/1/27 | 22,549 | 23,396 | ||
Boeing Co. | 2.800% | 3/1/27 | 15,385 | 16,010 | ||
Boeing Co. | 5.040% | 5/1/27 | 45,908 | 52,947 | ||
Boeing Co. | 3.250% | 2/1/28 | 13,966 | 14,874 | ||
Boeing Co. | 3.250% | 3/1/28 | 17,621 | 18,582 | ||
Boeing Co. | 3.450% | 11/1/28 | 14,019 | 14,989 | ||
Boeing Co. | 3.200% | 3/1/29 | 20,360 | 21,380 | ||
Boeing Co. | 2.950% | 2/1/30 | 29,439 | 30,263 | ||
Boeing Co. | 5.150% | 5/1/30 | 106,531 | 126,333 | ||
Boeing Co. | 3.625% | 2/1/31 | 40,915 | 44,385 | ||
Burlington Northern Santa Fe LLC | 3.250% | 6/15/27 | 19,858 | 22,045 | ||
Canadian National Railway Co. | 6.900% | 7/15/28 | 6,548 | 8,739 | ||
Canadian Pacific Railway Co. | 4.000% | 6/1/28 | 8,113 | 9,232 | ||
Canadian Pacific Railway Co. | 2.050% | 3/5/30 | 19,387 | 19,392 | ||
Carrier Global Corp. | 2.493% | 2/15/27 | 26,993 | 28,431 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Carrier Global Corp. | 2.722% | 2/15/30 | 78,750 | 82,690 | ||
Carrier Global Corp. | 2.700% | 2/15/31 | 17,790 | 18,574 | ||
1 | Caterpillar Financial Services Corp. | 1.100% | 9/14/27 | 15,225 | 15,179 | |
Caterpillar Inc. | 2.600% | 9/19/29 | 8,210 | 8,764 | ||
Caterpillar Inc. | 2.600% | 4/9/30 | 25,471 | 27,176 | ||
Caterpillar Inc. | 1.900% | 3/12/31 | 11,700 | 11,813 | ||
CH Robinson Worldwide Inc. | 4.200% | 4/15/28 | 13,154 | 15,100 | ||
1 | CNH Industrial NV | 3.850% | 11/15/27 | 15,876 | 17,705 | |
CSX Corp. | 2.600% | 11/1/26 | 18,791 | 20,041 | ||
CSX Corp. | 3.250% | 6/1/27 | 25,421 | 27,872 | ||
CSX Corp. | 3.800% | 3/1/28 | 18,806 | 21,177 | ||
CSX Corp. | 4.250% | 3/15/29 | 24,906 | 28,970 | ||
CSX Corp. | 2.400% | 2/15/30 | 8,974 | 9,281 | ||
Cummins Inc. | 1.500% | 9/1/30 | 20,226 | 19,589 | ||
Deere & Co. | 5.375% | 10/16/29 | 4,005 | 5,121 | ||
Deere & Co. | 3.100% | 4/15/30 | 15,866 | 17,558 | ||
2 | Delta Air Lines Inc. | 4.750% | 10/20/28 | 16,000 | 17,836 | |
1 | Delta Air Lines Pass-Through Trust Class AA Series 2015-1 | 3.625% | 7/30/27 | 277 | 298 | |
1 | Delta Air Lines Pass-Through Trust Class AA Series 2020-1 | 2.000% | 6/10/28 | 15,895 | 15,828 | |
Dover Corp. | 2.950% | 11/4/29 | 7,259 | 7,827 | ||
Eaton Corp. | 3.103% | 9/15/27 | 13,700 | 14,948 | ||
Emerson Electric Co. | 0.875% | 10/15/26 | 19,263 | 19,016 | ||
Emerson Electric Co. | 1.800% | 10/15/27 | 16,256 | 16,699 | ||
Emerson Electric Co. | 1.950% | 10/15/30 | 6,628 | 6,721 | ||
FedEx Corp. | 3.400% | 2/15/28 | 12,475 | 13,849 | ||
FedEx Corp. | 4.200% | 10/17/28 | 8,722 | 10,144 | ||
FedEx Corp. | 3.100% | 8/5/29 | 20,372 | 22,058 | ||
FedEx Corp. | 4.250% | 5/15/30 | 20,756 | 24,253 | ||
FedEx Corp. | 2.400% | 5/15/31 | 25,285 | 25,996 | ||
Flowserve Corp. | 3.500% | 10/1/30 | 12,286 | 12,964 | ||
General Dynamics Corp. | 3.500% | 4/1/27 | 15,761 | 17,589 | ||
General Dynamics Corp. | 2.625% | 11/15/27 | 13,283 | 14,284 | ||
General Dynamics Corp. | 3.750% | 5/15/28 | 22,137 | 25,215 | ||
General Dynamics Corp. | 3.625% | 4/1/30 | 26,349 | 29,953 | ||
General Dynamics Corp. | 2.250% | 6/1/31 | 3,125 | 3,238 | ||
General Electric Co. | 3.450% | 5/1/27 | 36,067 | 39,763 | ||
General Electric Co. | 3.625% | 5/1/30 | 41,681 | 46,863 | ||
2 | GXO Logistics Inc. | 2.650% | 7/15/31 | 8,470 | 8,594 | |
Honeywell International Inc. | 2.500% | 11/1/26 | 33,802 | 36,045 | ||
Honeywell International Inc. | 1.100% | 3/1/27 | 5,000 | 4,987 | ||
Honeywell International Inc. | 2.700% | 8/15/29 | 13,031 | 13,990 | ||
Honeywell International Inc. | 1.950% | 6/1/30 | 36,505 | 37,271 | ||
Honeywell International Inc. | 1.750% | 9/1/31 | 3,000 | 2,980 | ||
Huntington Ingalls Industries Inc. | 3.483% | 12/1/27 | 9,441 | 10,302 | ||
2 | Huntington Ingalls Industries Inc. | 2.043% | 8/16/28 | 7,125 | 7,132 | |
Huntington Ingalls Industries Inc. | 4.200% | 5/1/30 | 15,240 | 17,473 | ||
IDEX Corp. | 3.000% | 5/1/30 | 21,341 | 22,728 | ||
Illinois Tool Works Inc. | 2.650% | 11/15/26 | 19,535 | 21,007 | ||
1 | John Deere Capital Corp. | 2.250% | 9/14/26 | 24,817 | 26,251 | |
1 | John Deere Capital Corp. | 1.750% | 3/9/27 | 19,821 | 20,407 | |
1 | John Deere Capital Corp. | 2.800% | 9/8/27 | 16,284 | 17,689 | |
1 | John Deere Capital Corp. | 3.050% | 1/6/28 | 5,895 | 6,490 | |
1 | John Deere Capital Corp. | 1.500% | 3/6/28 | 10,103 | 10,168 | |
1 | John Deere Capital Corp. | 3.450% | 3/7/29 | 11,802 | 13,328 | |
1 | John Deere Capital Corp. | 2.800% | 7/18/29 | 11,090 | 12,041 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | John Deere Capital Corp. | 2.450% | 1/9/30 | 28,497 | 30,103 | |
John Deere Capital Corp. | 1.450% | 1/15/31 | 10,350 | 10,084 | ||
1 | John Deere Capital Corp. | 2.000% | 6/17/31 | 9,141 | 9,278 | |
Johnson Controls International plc | 1.750% | 9/15/30 | 16,885 | 16,596 | ||
Kansas City Southern | 2.875% | 11/15/29 | 9,478 | 10,031 | ||
Kennametal Inc. | 4.625% | 6/15/28 | 6,273 | 7,133 | ||
Keysight Technologies Inc. | 4.600% | 4/6/27 | 13,086 | 15,264 | ||
Keysight Technologies Inc. | 3.000% | 10/30/29 | 16,659 | 17,962 | ||
Kirby Corp. | 4.200% | 3/1/28 | 11,060 | 12,336 | ||
L3Harris Technologies Inc. | 3.850% | 12/15/26 | 5,772 | 6,454 | ||
1 | L3Harris Technologies Inc. | 4.400% | 6/15/28 | 45,754 | 52,869 | |
L3Harris Technologies Inc. | 2.900% | 12/15/29 | 12,909 | 13,740 | ||
L3Harris Technologies Inc. | 1.800% | 1/15/31 | 15,185 | 14,831 | ||
Lennox International Inc. | 1.700% | 8/1/27 | 7,344 | 7,383 | ||
Lockheed Martin Corp. | 1.850% | 6/15/30 | 17,891 | 18,084 | ||
2 | Mileage Plus Holdings LLC | 6.500% | 6/20/27 | 12,000 | 13,052 | |
Norfolk Southern Corp. | 7.800% | 5/15/27 | 4,517 | 6,081 | ||
Norfolk Southern Corp. | 3.150% | 6/1/27 | 7,222 | 7,872 | ||
Norfolk Southern Corp. | 3.800% | 8/1/28 | 13,008 | 14,745 | ||
Norfolk Southern Corp. | 2.550% | 11/1/29 | 13,586 | 14,279 | ||
Norfolk Southern Corp. | 2.300% | 5/15/31 | 5,350 | 5,483 | ||
Northrop Grumman Corp. | 3.200% | 2/1/27 | 25,889 | 28,263 | ||
Northrop Grumman Corp. | 3.250% | 1/15/28 | 41,111 | 44,924 | ||
Northrop Grumman Corp. | 4.400% | 5/1/30 | 41,955 | 49,816 | ||
Northrop Grumman Systems Corp. | 7.750% | 2/15/31 | 5,502 | 8,066 | ||
nVent Finance Sarl | 4.550% | 4/15/28 | 10,701 | 11,879 | ||
Oshkosh Corp. | 4.600% | 5/15/28 | 7,770 | 9,025 | ||
Oshkosh Corp. | 3.100% | 3/1/30 | 6,965 | 7,436 | ||
Otis Worldwide Corp. | 2.293% | 4/5/27 | 16,878 | 17,681 | ||
Otis Worldwide Corp. | 2.565% | 2/15/30 | 37,485 | 39,184 | ||
Parker-Hannifin Corp. | 3.250% | 3/1/27 | 20,103 | 21,855 | ||
Parker-Hannifin Corp. | 3.250% | 6/14/29 | 26,369 | 28,679 | ||
Pentair Finance Sarl | 4.500% | 7/1/29 | 2,766 | 3,220 | ||
Raytheon Technologies Corp. | 2.650% | 11/1/26 | 3,545 | 3,789 | ||
Raytheon Technologies Corp. | 3.500% | 3/15/27 | 35,104 | 38,796 | ||
Raytheon Technologies Corp. | 3.125% | 5/4/27 | 32,557 | 35,496 | ||
Raytheon Technologies Corp. | 7.200% | 8/15/27 | 3,118 | 4,100 | ||
Raytheon Technologies Corp. | 6.700% | 8/1/28 | 6,587 | 8,668 | ||
Raytheon Technologies Corp. | 4.125% | 11/16/28 | 88,969 | 102,446 | ||
Raytheon Technologies Corp. | 7.500% | 9/15/29 | 7,049 | 9,894 | ||
Raytheon Technologies Corp. | 2.250% | 7/1/30 | 18,946 | 19,360 | ||
Raytheon Technologies Corp. | 1.900% | 9/1/31 | 15,300 | 15,103 | ||
Republic Services Inc. | 3.375% | 11/15/27 | 21,711 | 23,938 | ||
Republic Services Inc. | 3.950% | 5/15/28 | 11,094 | 12,626 | ||
Republic Services Inc. | 2.300% | 3/1/30 | 18,309 | 18,785 | ||
Republic Services Inc. | 1.450% | 2/15/31 | 6,372 | 6,066 | ||
Rockwell Automation Inc. | 3.500% | 3/1/29 | 7,316 | 8,251 | ||
Rockwell Automation Inc. | 1.750% | 8/15/31 | 1,900 | 1,887 | ||
1 | Ryder System Inc. | 2.900% | 12/1/26 | 10,713 | 11,494 | |
Southwest Airlines Co. | 3.000% | 11/15/26 | 9,695 | 10,371 | ||
Southwest Airlines Co. | 5.125% | 6/15/27 | 53,163 | 62,234 | ||
Southwest Airlines Co. | 3.450% | 11/16/27 | 3,530 | 3,827 | ||
Southwest Airlines Co. | 2.625% | 2/10/30 | 15,150 | 15,476 | ||
1 | Spirit Airlines Pass-Through Trust Class A Series 2015-1 | 4.100% | 4/1/28 | 2,144 | 2,227 | |
Teledyne Technologies Inc. | 2.250% | 4/1/28 | 18,525 | 19,058 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Teledyne Technologies Inc. | 2.750% | 4/1/31 | 47,948 | 50,050 | ||
Textron Inc. | 3.650% | 3/15/27 | 13,873 | 15,404 | ||
Textron Inc. | 3.375% | 3/1/28 | 5,993 | 6,527 | ||
Textron Inc. | 3.900% | 9/17/29 | 10,931 | 12,330 | ||
Textron Inc. | 3.000% | 6/1/30 | 7,935 | 8,436 | ||
Textron Inc. | 2.450% | 3/15/31 | 2,490 | 2,530 | ||
Timken Co. | 4.500% | 12/15/28 | 7,366 | 8,339 | ||
Trane Technologies Global Holding Co. Ltd. | 3.750% | 8/21/28 | 13,607 | 15,316 | ||
Trane Technologies Luxembourg Finance SA | 3.800% | 3/21/29 | 18,418 | 20,890 | ||
Trimble Inc. | 4.900% | 6/15/28 | 14,803 | 17,270 | ||
Tyco Electronics Group SA | 3.125% | 8/15/27 | 11,347 | 12,418 | ||
Union Pacific Corp. | 2.150% | 2/5/27 | 15,424 | 16,079 | ||
Union Pacific Corp. | 3.000% | 4/15/27 | 12,981 | 14,079 | ||
Union Pacific Corp. | 3.950% | 9/10/28 | 24,901 | 28,490 | ||
Union Pacific Corp. | 3.700% | 3/1/29 | 14,775 | 16,676 | ||
Union Pacific Corp. | 2.400% | 2/5/30 | 19,022 | 19,742 | ||
Union Pacific Corp. | 2.375% | 5/20/31 | 17,045 | 17,631 | ||
2 | Union Pacific Corp. | 2.891% | 4/6/36 | 10,000 | 10,510 | |
1 | United Airlines Pass-Through Trust Class A Series 2014-2 | 3.750% | 9/3/26 | 8,986 | 9,499 | |
1 | United Airlines Pass-Through Trust Class A Series 2020-1 | 5.875% | 10/15/27 | 77,254 | 85,910 | |
1 | United Airlines Pass-Through Trust Class AA Series 2015-1 | 3.450% | 12/1/27 | 6,388 | 6,720 | |
1 | United Airlines Pass-Through Trust Class AA Series 2016-1 | 3.100% | 7/7/28 | 9,783 | 10,238 | |
1 | United Airlines Pass-Through Trust Class A Series 2016-1 | 3.450% | 7/7/28 | 3,424 | 3,457 | |
1 | United Airlines Pass-Through Trust Class AA Series 2016-2 | 2.875% | 10/7/28 | 7,992 | 8,146 | |
1 | United Airlines Pass-Through Trust Class AA Series 2018-1 | 3.500% | 3/1/30 | 3,666 | 3,845 | |
1 | United Airlines Pass-Through Trust Class AA Series 2019-1 | 4.150% | 8/25/31 | 7,715 | 8,417 | |
United Parcel Service Inc. | 2.400% | 11/15/26 | 12,008 | 12,801 | ||
United Parcel Service Inc. | 3.050% | 11/15/27 | 22,920 | 25,440 | ||
United Parcel Service Inc. | 3.400% | 3/15/29 | 20,317 | 22,822 | ||
United Parcel Service Inc. | 2.500% | 9/1/29 | 12,432 | 13,241 | ||
United Parcel Service Inc. | 4.450% | 4/1/30 | 16,799 | 20,296 | ||
1 | US Airways Pass-Through Trust Class A Series 2012-1 | 5.900% | 10/1/24 | 572 | 601 | |
2 | Vontier Corp. | 2.400% | 4/1/28 | 11,970 | 11,986 | |
2 | Vontier Corp. | 2.950% | 4/1/31 | 15,092 | 15,275 | |
Waste Connections Inc. | 4.250% | 12/1/28 | 10,094 | 11,774 | ||
Waste Connections Inc. | 3.500% | 5/1/29 | 9,720 | 10,782 | ||
Waste Connections Inc. | 2.600% | 2/1/30 | 18,572 | 19,432 | ||
Waste Management Inc. | 3.150% | 11/15/27 | 26,306 | 28,909 | ||
Waste Management Inc. | 1.150% | 3/15/28 | 13,265 | 12,931 | ||
Waste Management Inc. | 2.000% | 6/1/29 | 4,705 | 4,793 | ||
Waste Management Inc. | 1.500% | 3/15/31 | 15,698 | 15,059 | ||
Westinghouse Air Brake Technologies Corp. | 3.450% | 11/15/26 | 17,976 | 19,323 | ||
Westinghouse Air Brake Technologies Corp. | 4.950% | 9/15/28 | 30,677 | 35,759 | ||
Xylem Inc. | 3.250% | 11/1/26 | 8,864 | 9,710 | ||
Xylem Inc. | 1.950% | 1/30/28 | 17,191 | 17,482 | ||
Xylem Inc. | 2.250% | 1/30/31 | 11,877 | 12,057 | ||
3,471,158 | ||||||
Materials (2.9%) | ||||||
Air Products and Chemicals Inc. | 1.850% | 5/15/27 | 23,156 | 24,000 | ||
Air Products and Chemicals Inc. | 2.050% | 5/15/30 | 11,759 | 12,092 | ||
Amcor Finance USA Inc. | 4.500% | 5/15/28 | 8,225 | 9,615 | ||
1 | Amcor Flexibles North America Inc. | 3.100% | 9/15/26 | 6,123 | 6,574 | |
Amcor Flexibles North America Inc. | 2.630% | 6/19/30 | 23,176 | 24,078 | ||
Amcor Flexibles North America Inc. | 2.690% | 5/25/31 | 6,800 | 7,091 | ||
AngloGold Ashanti Holdings plc | 3.750% | 10/1/30 | 14,840 | 15,564 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
ArcelorMittal SA | 4.250% | 7/16/29 | 10,557 | 11,829 | ||
2 | Berry Global Inc. | 1.650% | 1/15/27 | 14,030 | 14,020 | |
Cabot Corp. | 4.000% | 7/1/29 | 6,075 | 6,669 | ||
Carlisle Cos. Inc. | 3.750% | 12/1/27 | 11,362 | 12,671 | ||
Carlisle Cos. Inc. | 2.750% | 3/1/30 | 16,354 | 17,147 | ||
Celanese US Holdings LLC | 1.400% | 8/5/26 | 8,800 | 8,784 | ||
Celulosa Arauco y Constitucion SA | 3.875% | 11/2/27 | 9,978 | 10,806 | ||
Dow Chemical Co. | 4.800% | 11/30/28 | 14,435 | 17,333 | ||
Dow Chemical Co. | 7.375% | 11/1/29 | 4,655 | 6,488 | ||
Dow Chemical Co. | 2.100% | 11/15/30 | 32,529 | 32,753 | ||
DuPont de Nemours Inc. | 4.725% | 11/15/28 | 40,450 | 48,218 | ||
Eagle Materials Inc. | 2.500% | 7/1/31 | 18,600 | 18,763 | ||
Eastman Chemical Co. | 4.500% | 12/1/28 | 11,252 | 13,164 | ||
Ecolab Inc. | 2.700% | 11/1/26 | 30,122 | 32,373 | ||
Ecolab Inc. | 3.250% | 12/1/27 | 13,232 | 14,652 | ||
Ecolab Inc. | 4.800% | 3/24/30 | 19,376 | 23,796 | ||
Ecolab Inc. | 1.300% | 1/30/31 | 6,093 | 5,829 | ||
EI du Pont de Nemours & Co. | 2.300% | 7/15/30 | 11,716 | 12,106 | ||
Fibria Overseas Finance Ltd. | 5.500% | 1/17/27 | 10,717 | 12,375 | ||
FMC Corp. | 3.200% | 10/1/26 | 18,069 | 19,482 | ||
FMC Corp. | 3.450% | 10/1/29 | 14,277 | 15,588 | ||
2 | Georgia-Pacific LLC | 2.100% | 4/30/27 | 4,700 | 4,875 | |
Georgia-Pacific LLC | 7.750% | 11/15/29 | 12,342 | 17,776 | ||
2 | Georgia-Pacific LLC | 2.300% | 4/30/30 | 7,900 | 8,190 | |
Georgia-Pacific LLC | 8.875% | 5/15/31 | 3,277 | 5,217 | ||
Huntsman International LLC | 4.500% | 5/1/29 | 18,224 | 20,896 | ||
Huntsman International LLC | 2.950% | 6/15/31 | 10,175 | 10,545 | ||
International Flavors & Fragrances Inc. | 4.450% | 9/26/28 | 6,936 | 8,103 | ||
Kinross Gold Corp. | 4.500% | 7/15/27 | 12,429 | 14,287 | ||
Linde Inc. | 1.100% | 8/10/30 | 16,080 | 15,239 | ||
LYB International Finance II BV | 3.500% | 3/2/27 | 16,421 | 18,061 | ||
LYB International Finance III LLC | 3.375% | 5/1/30 | 20,208 | 22,267 | ||
LYB International Finance III LLC | 2.250% | 10/1/30 | 13,780 | 13,999 | ||
Martin Marietta Materials Inc. | 3.450% | 6/1/27 | 6,098 | 6,691 | ||
Martin Marietta Materials Inc. | 3.500% | 12/15/27 | 10,010 | 11,114 | ||
1 | Martin Marietta Materials Inc. | 2.500% | 3/15/30 | 15,830 | 16,366 | |
Martin Marietta Materials Inc. | 2.400% | 7/15/31 | 15,599 | 15,977 | ||
Mosaic Co. | 4.050% | 11/15/27 | 16,399 | 18,546 | ||
NewMarket Corp. | 2.700% | 3/18/31 | 4,875 | 4,946 | ||
Newmont Corp. | 2.800% | 10/1/29 | 25,433 | 26,745 | ||
Newmont Corp. | 2.250% | 10/1/30 | 24,953 | 25,152 | ||
Nucor Corp. | 3.950% | 5/1/28 | 9,551 | 10,908 | ||
Nucor Corp. | 2.700% | 6/1/30 | 12,397 | 13,103 | ||
Nutrien Ltd. | 4.000% | 12/15/26 | 13,346 | 15,009 | ||
Nutrien Ltd. | 4.200% | 4/1/29 | 10,324 | 11,917 | ||
Nutrien Ltd. | 2.950% | 5/13/30 | 20,752 | 22,175 | ||
Packaging Corp. of America | 3.400% | 12/15/27 | 10,648 | 11,735 | ||
Packaging Corp. of America | 3.000% | 12/15/29 | 9,280 | 9,925 | ||
PPG Industries Inc. | 3.750% | 3/15/28 | 15,953 | 18,101 | ||
PPG Industries Inc. | 2.800% | 8/15/29 | 8,167 | 8,686 | ||
PPG Industries Inc. | 2.550% | 6/15/30 | 13,241 | 13,847 | ||
Reliance Steel & Aluminum Co. | 2.150% | 8/15/30 | 8,449 | 8,380 | ||
Rio Tinto Alcan Inc. | 7.250% | 3/15/31 | 4,060 | 5,805 | ||
Rio Tinto Finance USA Ltd. | 7.125% | 7/15/28 | 13,239 | 17,916 | ||
Rohm & Haas Co. | 7.850% | 7/15/29 | 11,305 | 15,836 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
RPM International Inc. | 3.750% | 3/15/27 | 13,087 | 14,408 | ||
RPM International Inc. | 4.550% | 3/1/29 | 12,901 | 14,941 | ||
Sherwin-Williams Co. | 3.450% | 6/1/27 | 9,977 | 11,032 | ||
Sherwin-Williams Co. | 2.950% | 8/15/29 | 40,233 | 43,249 | ||
Sherwin-Williams Co. | 2.300% | 5/15/30 | 18,427 | 18,859 | ||
Sonoco Products Co. | 3.125% | 5/1/30 | 12,799 | 13,852 | ||
Steel Dynamics Inc. | 1.650% | 10/15/27 | 9,246 | 9,247 | ||
Steel Dynamics Inc. | 3.450% | 4/15/30 | 24,824 | 27,201 | ||
Steel Dynamics Inc. | 3.250% | 1/15/31 | 19,938 | 21,651 | ||
Suzano Austria GmbH | 6.000% | 1/15/29 | 44,943 | 53,697 | ||
Suzano Austria GmbH | 5.000% | 1/15/30 | 32,849 | 37,363 | ||
Suzano Austria GmbH | 3.750% | 1/15/31 | 23,812 | 25,047 | ||
Teck Resources Ltd. | 3.900% | 7/15/30 | 13,525 | 14,769 | ||
Vale Overseas Ltd. | 3.750% | 7/8/30 | 37,578 | 40,044 | ||
Vulcan Materials Co. | 3.900% | 4/1/27 | 9,932 | 11,230 | ||
Vulcan Materials Co. | 3.500% | 6/1/30 | 18,810 | 20,929 | ||
Westlake Chemical Corp. | 3.375% | 6/15/30 | 5,402 | 5,877 | ||
WestRock MWV LLC | 8.200% | 1/15/30 | 4,268 | 6,045 | ||
WestRock MWV LLC | 7.950% | 2/15/31 | 2,985 | 4,278 | ||
WRKCo Inc. | 3.375% | 9/15/27 | 13,860 | 15,176 | ||
WRKCo Inc. | 4.000% | 3/15/28 | 11,255 | 12,743 | ||
WRKCo Inc. | 3.900% | 6/1/28 | 18,633 | 21,019 | ||
WRKCo Inc. | 4.900% | 3/15/29 | 30,768 | 36,917 | ||
1,401,769 | ||||||
Real Estate (6.9%) | ||||||
Agree LP | 2.000% | 6/15/28 | 5,300 | 5,322 | ||
Agree LP | 2.900% | 10/1/30 | 9,343 | 9,824 | ||
Alexandria Real Estate Equities Inc. | 4.300% | 1/15/26 | 448 | 504 | ||
Alexandria Real Estate Equities Inc. | 3.800% | 4/15/26 | 224 | 250 | ||
Alexandria Real Estate Equities Inc. | 3.950% | 1/15/27 | 6,903 | 7,745 | ||
Alexandria Real Estate Equities Inc. | 3.950% | 1/15/28 | 9,854 | 11,160 | ||
Alexandria Real Estate Equities Inc. | 4.500% | 7/30/29 | 5,206 | 6,148 | ||
Alexandria Real Estate Equities Inc. | 2.750% | 12/15/29 | 16,353 | 17,249 | ||
Alexandria Real Estate Equities Inc. | 4.700% | 7/1/30 | 11,974 | 14,406 | ||
Alexandria Real Estate Equities Inc. | 4.900% | 12/15/30 | 25,655 | 31,602 | ||
Alexandria Real Estate Equities Inc. | 3.375% | 8/15/31 | 4,793 | 5,305 | ||
American Assets Trust LP | 3.375% | 2/1/31 | 12,111 | 12,609 | ||
American Campus Communities Operating Partnership LP | 3.300% | 7/15/26 | 373 | 402 | ||
American Campus Communities Operating Partnership LP | 3.625% | 11/15/27 | 14,015 | 15,343 | ||
American Campus Communities Operating Partnership LP | 2.850% | 2/1/30 | 10,553 | 10,968 | ||
American Campus Communities Operating Partnership LP | 3.875% | 1/30/31 | 6,408 | 7,211 | ||
American Homes 4 Rent LP | 4.250% | 2/15/28 | 9,867 | 11,305 | ||
American Homes 4 Rent LP | 4.900% | 2/15/29 | 9,077 | 10,736 | ||
American Homes 4 Rent LP | 2.375% | 7/15/31 | 11,325 | 11,396 | ||
American Tower Corp. | 3.375% | 10/15/26 | 23,222 | 25,267 | ||
American Tower Corp. | 2.750% | 1/15/27 | 18,933 | 20,011 | ||
American Tower Corp. | 3.125% | 1/15/27 | 21,905 | 23,557 | ||
American Tower Corp. | 3.550% | 7/15/27 | 13,633 | 14,998 | ||
American Tower Corp. | 3.600% | 1/15/28 | 17,793 | 19,597 | ||
American Tower Corp. | 1.500% | 1/31/28 | 15,824 | 15,506 | ||
American Tower Corp. | 3.950% | 3/15/29 | 16,918 | 19,016 | ||
American Tower Corp. | 3.800% | 8/15/29 | 40,528 | 45,253 | ||
American Tower Corp. | 2.900% | 1/15/30 | 21,581 | 22,704 | ||
American Tower Corp. | 2.100% | 6/15/30 | 17,545 | 17,356 | ||
American Tower Corp. | 1.875% | 10/15/30 | 14,809 | 14,376 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
American Tower Corp. | 2.700% | 4/15/31 | 21,925 | 22,740 | ||
1 | AvalonBay Communities Inc. | 2.900% | 10/15/26 | 11,180 | 12,037 | |
1 | AvalonBay Communities Inc. | 3.350% | 5/15/27 | 10,199 | 11,298 | |
1 | AvalonBay Communities Inc. | 3.200% | 1/15/28 | 9,630 | 10,528 | |
1 | AvalonBay Communities Inc. | 3.300% | 6/1/29 | 8,933 | 9,860 | |
1 | AvalonBay Communities Inc. | 2.300% | 3/1/30 | 16,309 | 16,782 | |
1 | AvalonBay Communities Inc. | 2.450% | 1/15/31 | 13,485 | 14,034 | |
Boston Properties LP | 2.750% | 10/1/26 | 40,774 | 43,559 | ||
Boston Properties LP | 4.500% | 12/1/28 | 6,550 | 7,655 | ||
Boston Properties LP | 3.400% | 6/21/29 | 23,222 | 25,459 | ||
Boston Properties LP | 2.900% | 3/15/30 | 12,667 | 13,309 | ||
Boston Properties LP | 3.250% | 1/30/31 | 30,667 | 33,056 | ||
Brandywine Operating Partnership LP | 3.950% | 11/15/27 | 11,472 | 12,566 | ||
Brandywine Operating Partnership LP | 4.550% | 10/1/29 | 11,282 | 12,768 | ||
Brixmor Operating Partnership LP | 3.900% | 3/15/27 | 7,028 | 7,763 | ||
Brixmor Operating Partnership LP | 2.250% | 4/1/28 | 7,075 | 7,224 | ||
Brixmor Operating Partnership LP | 4.125% | 5/15/29 | 19,833 | 22,603 | ||
Brixmor Operating Partnership LP | 4.050% | 7/1/30 | 34,083 | 38,584 | ||
Brixmor Operating Partnership LP | 2.500% | 8/16/31 | 12,000 | 12,053 | ||
Camden Property Trust | 4.100% | 10/15/28 | 7,162 | 8,288 | ||
Camden Property Trust | 3.150% | 7/1/29 | 26,298 | 28,815 | ||
Camden Property Trust | 2.800% | 5/15/30 | 19,691 | 21,024 | ||
CBRE Services Inc. | 2.500% | 4/1/31 | 12,400 | 12,615 | ||
Corporate Office Properties LP | 2.250% | 3/15/26 | 432 | 445 | ||
Corporate Office Properties LP | 2.000% | 1/15/29 | 7,000 | 6,942 | ||
Corporate Office Properties LP | 2.750% | 4/15/31 | 12,983 | 13,248 | ||
Crown Castle International Corp. | 4.000% | 3/1/27 | 15,943 | 17,901 | ||
Crown Castle International Corp. | 3.650% | 9/1/27 | 19,516 | 21,621 | ||
Crown Castle International Corp. | 3.800% | 2/15/28 | 26,587 | 29,599 | ||
Crown Castle International Corp. | 4.300% | 2/15/29 | 16,960 | 19,559 | ||
Crown Castle International Corp. | 3.100% | 11/15/29 | 20,084 | 21,430 | ||
Crown Castle International Corp. | 3.300% | 7/1/30 | 20,792 | 22,457 | ||
Crown Castle International Corp. | 2.250% | 1/15/31 | 25,845 | 25,667 | ||
Crown Castle International Corp. | 2.100% | 4/1/31 | 24,537 | 24,049 | ||
Crown Castle International Corp. | 2.500% | 7/15/31 | 17,000 | 17,266 | ||
CubeSmart LP | 3.125% | 9/1/26 | 8,833 | 9,471 | ||
CubeSmart LP | 4.375% | 2/15/29 | 7,972 | 9,192 | ||
CubeSmart LP | 3.000% | 2/15/30 | 2,911 | 3,097 | ||
CubeSmart LP | 2.000% | 2/15/31 | 15,207 | 15,007 | ||
CyrusOne LP | 3.450% | 11/15/29 | 14,128 | 14,860 | ||
CyrusOne LP | 2.150% | 11/1/30 | 10,700 | 10,176 | ||
Digital Realty Trust LP | 3.700% | 8/15/27 | 11,377 | 12,753 | ||
Digital Realty Trust LP | 4.450% | 7/15/28 | 15,371 | 17,860 | ||
Digital Realty Trust LP | 3.600% | 7/1/29 | 37,677 | 41,893 | ||
Duke Realty LP | 3.375% | 12/15/27 | 12,759 | 14,068 | ||
Duke Realty LP | 4.000% | 9/15/28 | 11,994 | 13,738 | ||
Duke Realty LP | 2.875% | 11/15/29 | 9,764 | 10,401 | ||
Duke Realty LP | 1.750% | 7/1/30 | 10,871 | 10,605 | ||
Duke Realty LP | 1.750% | 2/1/31 | 6,725 | 6,514 | ||
Equinix Inc. | 2.900% | 11/18/26 | 15,784 | 16,900 | ||
Equinix Inc. | 1.800% | 7/15/27 | 16,099 | 16,350 | ||
Equinix Inc. | 1.550% | 3/15/28 | 9,641 | 9,539 | ||
Equinix Inc. | 2.000% | 5/15/28 | 9,555 | 9,685 | ||
Equinix Inc. | 3.200% | 11/18/29 | 22,946 | 24,730 | ||
Equinix Inc. | 2.150% | 7/15/30 | 26,623 | 26,546 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Equinix Inc. | 2.500% | 5/15/31 | 25,465 | 26,126 | ||
ERP Operating LP | 2.850% | 11/1/26 | 10,510 | 11,285 | ||
ERP Operating LP | 3.250% | 8/1/27 | 9,869 | 10,844 | ||
ERP Operating LP | 3.500% | 3/1/28 | 13,579 | 15,082 | ||
ERP Operating LP | 4.150% | 12/1/28 | 7,302 | 8,438 | ||
ERP Operating LP | 3.000% | 7/1/29 | 13,448 | 14,583 | ||
ERP Operating LP | 2.500% | 2/15/30 | 19,103 | 19,941 | ||
ERP Operating LP | 1.850% | 8/1/31 | 12,300 | 12,105 | ||
Essential Properties LP | 2.950% | 7/15/31 | 9,569 | 9,662 | ||
Essex Portfolio LP | 3.375% | 4/15/26 | 830 | 904 | ||
Essex Portfolio LP | 3.625% | 5/1/27 | 10,943 | 12,131 | ||
Essex Portfolio LP | 1.700% | 3/1/28 | 6,492 | 6,468 | ||
Essex Portfolio LP | 4.000% | 3/1/29 | 12,841 | 14,623 | ||
Essex Portfolio LP | 3.000% | 1/15/30 | 20,896 | 22,281 | ||
Essex Portfolio LP | 1.650% | 1/15/31 | 8,434 | 8,036 | ||
Extra Space Storage LP | 2.550% | 6/1/31 | 11,035 | 11,223 | ||
Federal Realty Investment Trust | 3.250% | 7/15/27 | 9,882 | 10,760 | ||
Federal Realty Investment Trust | 3.200% | 6/15/29 | 8,185 | 8,845 | ||
Federal Realty Investment Trust | 3.500% | 6/1/30 | 10,861 | 11,978 | ||
GLP Capital LP | 5.750% | 6/1/28 | 12,591 | 15,009 | ||
GLP Capital LP | 5.300% | 1/15/29 | 17,695 | 20,743 | ||
GLP Capital LP | 4.000% | 1/15/30 | 20,078 | 21,805 | ||
GLP Capital LP | 4.000% | 1/15/31 | 19,133 | 20,726 | ||
Healthcare Realty Trust Inc. | 3.625% | 1/15/28 | 8,871 | 9,797 | ||
Healthcare Realty Trust Inc. | 2.400% | 3/15/30 | 9,717 | 9,902 | ||
Healthcare Trust of America Holdings LP | 3.500% | 8/1/26 | 1,028 | 1,125 | ||
Healthcare Trust of America Holdings LP | 3.750% | 7/1/27 | 12,551 | 14,011 | ||
Healthcare Trust of America Holdings LP | 3.100% | 2/15/30 | 14,251 | 15,231 | ||
Healthcare Trust of America Holdings LP | 2.000% | 3/15/31 | 23,188 | 22,519 | ||
Healthpeak Properties Inc. | 3.250% | 7/15/26 | 5,581 | 6,073 | ||
Healthpeak Properties Inc. | 1.350% | 2/1/27 | 725 | 724 | ||
Healthpeak Properties Inc. | 3.500% | 7/15/29 | 12,579 | 13,976 | ||
Healthpeak Properties Inc. | 3.000% | 1/15/30 | 19,324 | 20,681 | ||
Healthpeak Properties Inc. | 2.875% | 1/15/31 | 15,132 | 15,971 | ||
Highwoods Realty LP | 3.875% | 3/1/27 | 13,791 | 15,359 | ||
Highwoods Realty LP | 4.125% | 3/15/28 | 9,369 | 10,563 | ||
Highwoods Realty LP | 4.200% | 4/15/29 | 12,596 | 14,293 | ||
Highwoods Realty LP | 3.050% | 2/15/30 | 13,566 | 14,366 | ||
Highwoods Realty LP | 2.600% | 2/1/31 | 1,769 | 1,809 | ||
1 | Host Hotels & Resorts LP | 3.375% | 12/15/29 | 16,299 | 16,989 | |
1 | Host Hotels & Resorts LP | 3.500% | 9/15/30 | 18,241 | 19,212 | |
Hudson Pacific Properties LP | 3.950% | 11/1/27 | 7,617 | 8,424 | ||
Hudson Pacific Properties LP | 4.650% | 4/1/29 | 11,396 | 13,276 | ||
Hudson Pacific Properties LP | 3.250% | 1/15/30 | 11,960 | 12,750 | ||
Invitation Homes Operating Partnership LP | 2.000% | 8/15/31 | 20,875 | 20,352 | ||
Kilroy Realty LP | 4.750% | 12/15/28 | 12,283 | 14,393 | ||
Kilroy Realty LP | 4.250% | 8/15/29 | 8,749 | 10,000 | ||
Kilroy Realty LP | 3.050% | 2/15/30 | 8,451 | 9,000 | ||
Kimco Realty Corp. | 2.800% | 10/1/26 | 10,258 | 10,969 | ||
Kimco Realty Corp. | 3.800% | 4/1/27 | 11,190 | 12,497 | ||
Kimco Realty Corp. | 1.900% | 3/1/28 | 12,829 | 12,911 | ||
Kimco Realty Corp. | 2.700% | 10/1/30 | 8,025 | 8,315 | ||
Kite Realty Group LP | 4.000% | 10/1/26 | 6,365 | 6,889 | ||
Lexington Realty Trust | 2.700% | 9/15/30 | 9,278 | 9,543 | ||
Lexington Realty Trust | 2.375% | 10/1/31 | 1,000 | 992 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Life Storage LP | 3.875% | 12/15/27 | 9,683 | 10,929 | ||
Life Storage LP | 4.000% | 6/15/29 | 14,035 | 15,950 | ||
Life Storage LP | 2.200% | 10/15/30 | 9,960 | 9,996 | ||
LifeStorage LP | 3.500% | 7/1/26 | 455 | 500 | ||
Mid-America Apartments LP | 1.100% | 9/15/26 | 10,200 | 10,183 | ||
Mid-America Apartments LP | 3.600% | 6/1/27 | 8,411 | 9,363 | ||
Mid-America Apartments LP | 4.200% | 6/15/28 | 9,711 | 11,246 | ||
Mid-America Apartments LP | 3.950% | 3/15/29 | 22,470 | 25,627 | ||
Mid-America Apartments LP | 2.750% | 3/15/30 | 6,600 | 6,961 | ||
Mid-America Apartments LP | 1.700% | 2/15/31 | 3,755 | 3,615 | ||
National Health Investors Inc. | 3.000% | 2/1/31 | 11,208 | 11,115 | ||
National Retail Properties Inc. | 3.600% | 12/15/26 | 7,063 | 7,738 | ||
National Retail Properties Inc. | 3.500% | 10/15/27 | 9,569 | 10,476 | ||
National Retail Properties Inc. | 4.300% | 10/15/28 | 15,205 | 17,399 | ||
National Retail Properties Inc. | 2.500% | 4/15/30 | 7,784 | 8,006 | ||
Office Properties Income Trust | 2.650% | 6/15/26 | 136 | 139 | ||
Office Properties Income Trust | 2.400% | 2/1/27 | 8,500 | 8,503 | ||
Omega Healthcare Investors Inc. | 5.250% | 1/15/26 | 225 | 257 | ||
Omega Healthcare Investors Inc. | 4.500% | 4/1/27 | 16,231 | 18,220 | ||
Omega Healthcare Investors Inc. | 4.750% | 1/15/28 | 16,564 | 18,798 | ||
Omega Healthcare Investors Inc. | 3.625% | 10/1/29 | 20,792 | 22,187 | ||
Omega Healthcare Investors Inc. | 3.375% | 2/1/31 | 12,811 | 13,251 | ||
Physicians Realty LP | 4.300% | 3/15/27 | 9,704 | 11,073 | ||
Physicians Realty LP | 3.950% | 1/15/28 | 6,735 | 7,449 | ||
Piedmont Operating Partnership LP | 3.150% | 8/15/30 | 7,344 | 7,593 | ||
Prologis LP | 3.250% | 10/1/26 | 17,485 | 19,215 | ||
Prologis LP | 2.125% | 4/15/27 | 28,748 | 30,036 | ||
Prologis LP | 3.875% | 9/15/28 | 6,132 | 7,060 | ||
Prologis LP | 4.375% | 2/1/29 | 4,767 | 5,630 | ||
Prologis LP | 2.250% | 4/15/30 | 24,959 | 25,719 | ||
Prologis LP | 1.250% | 10/15/30 | 17,725 | 16,870 | ||
Prologis LP | 1.625% | 3/15/31 | 8,152 | 7,987 | ||
Public Storage | 3.094% | 9/15/27 | 10,311 | 11,352 | ||
Public Storage | 1.850% | 5/1/28 | 9,507 | 9,721 | ||
Public Storage | 3.385% | 5/1/29 | 12,978 | 14,462 | ||
Public Storage | 2.300% | 5/1/31 | 1,648 | 1,697 | ||
Rayonier LP | 2.750% | 5/17/31 | 9,600 | 9,729 | ||
Realty Income Corp. | 4.125% | 10/15/26 | 18,207 | 20,632 | ||
Realty Income Corp. | 3.000% | 1/15/27 | 15,676 | 16,973 | ||
Realty Income Corp. | 3.650% | 1/15/28 | 10,967 | 12,312 | ||
Realty Income Corp. | 3.250% | 6/15/29 | 14,214 | 15,658 | ||
Realty Income Corp. | 3.250% | 1/15/31 | 23,045 | 25,455 | ||
Regency Centers LP | 3.600% | 2/1/27 | 11,232 | 12,446 | ||
Regency Centers LP | 4.125% | 3/15/28 | 7,865 | 8,931 | ||
Regency Centers LP | 2.950% | 9/15/29 | 11,758 | 12,512 | ||
Regency Centers LP | 3.700% | 6/15/30 | 10,550 | 11,827 | ||
Retail Properties of America Inc. | 4.750% | 9/15/30 | 9,783 | 10,963 | ||
Rexford Industrial Realty LP | 2.125% | 12/1/30 | 6,296 | 6,191 | ||
Rexford Industrial Realty LP | 2.150% | 9/1/31 | 5,000 | 4,915 | ||
Sabra Health Care LP | 3.900% | 10/15/29 | 12,708 | 13,611 | ||
Safehold Operating Partnership LP | 2.800% | 6/15/31 | 10,000 | 10,103 | ||
Simon Property Group LP | 3.300% | 1/15/26 | 360 | 390 | ||
Simon Property Group LP | 3.250% | 11/30/26 | 19,351 | 21,142 | ||
Simon Property Group LP | 3.375% | 6/15/27 | 12,181 | 13,390 | ||
Simon Property Group LP | 3.375% | 12/1/27 | 22,357 | 24,610 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Simon Property Group LP | 1.750% | 2/1/28 | 20,445 | 20,517 | ||
Simon Property Group LP | 2.450% | 9/13/29 | 26,640 | 27,511 | ||
Simon Property Group LP | 2.650% | 7/15/30 | 25,739 | 26,862 | ||
Simon Property Group LP | 2.200% | 2/1/31 | 13,967 | 13,939 | ||
SITE Centers Corp. | 4.700% | 6/1/27 | 11,184 | 12,594 | ||
Spirit Realty LP | 4.450% | 9/15/26 | 6,534 | 7,353 | ||
Spirit Realty LP | 3.200% | 1/15/27 | 8,155 | 8,752 | ||
Spirit Realty LP | 2.100% | 3/15/28 | 15,669 | 15,744 | ||
Spirit Realty LP | 4.000% | 7/15/29 | 14,969 | 16,837 | ||
Spirit Realty LP | 3.400% | 1/15/30 | 10,131 | 10,878 | ||
Spirit Realty LP | 3.200% | 2/15/31 | 3,820 | 4,045 | ||
STORE Capital Corp. | 4.500% | 3/15/28 | 6,946 | 7,916 | ||
STORE Capital Corp. | 4.625% | 3/15/29 | 5,822 | 6,705 | ||
STORE Capital Corp. | 2.750% | 11/18/30 | 13,526 | 13,786 | ||
Sun Communities Operating LP | 2.700% | 7/15/31 | 17,390 | 17,718 | ||
Tanger Properties LP | 3.125% | 9/1/26 | 8,449 | 8,846 | ||
Tanger Properties LP | 3.875% | 7/15/27 | 7,163 | 7,787 | ||
Tanger Properties LP | 2.750% | 9/1/31 | 8,050 | 7,857 | ||
1 | UDR Inc. | 2.950% | 9/1/26 | 6,735 | 7,220 | |
1 | UDR Inc. | 3.500% | 7/1/27 | 6,086 | 6,729 | |
1 | UDR Inc. | 3.500% | 1/15/28 | 7,067 | 7,780 | |
1 | UDR Inc. | 4.400% | 1/26/29 | 10,496 | 12,180 | |
1 | UDR Inc. | 3.200% | 1/15/30 | 13,724 | 14,913 | |
UDR Inc. | 3.000% | 8/15/31 | 2,527 | 2,681 | ||
Ventas Realty LP | 3.250% | 10/15/26 | 19,377 | 20,939 | ||
Ventas Realty LP | 3.850% | 4/1/27 | 8,293 | 9,259 | ||
Ventas Realty LP | 4.000% | 3/1/28 | 9,593 | 10,798 | ||
Ventas Realty LP | 4.400% | 1/15/29 | 19,619 | 22,596 | ||
Ventas Realty LP | 3.000% | 1/15/30 | 14,460 | 15,240 | ||
Ventas Realty LP | 4.750% | 11/15/30 | 6,714 | 8,006 | ||
VEREIT Operating Partnership LP | 4.875% | 6/1/26 | 377 | 435 | ||
VEREIT Operating Partnership LP | 3.950% | 8/15/27 | 13,738 | 15,538 | ||
VEREIT Operating Partnership LP | 3.400% | 1/15/28 | 19,961 | 21,800 | ||
VEREIT Operating Partnership LP | 2.200% | 6/15/28 | 10,456 | 10,711 | ||
VEREIT Operating Partnership LP | 3.100% | 12/15/29 | 12,933 | 13,921 | ||
Vornado Realty LP | 3.400% | 6/1/31 | 9,775 | 10,211 | ||
Welltower Inc. | 4.250% | 4/1/26 | 682 | 766 | ||
Welltower Inc. | 2.700% | 2/15/27 | 22,343 | 23,750 | ||
Welltower Inc. | 4.250% | 4/15/28 | 21,371 | 24,564 | ||
Welltower Inc. | 4.125% | 3/15/29 | 12,867 | 14,674 | ||
Welltower Inc. | 3.100% | 1/15/30 | 14,575 | 15,568 | ||
Welltower Inc. | 2.750% | 1/15/31 | 24,556 | 25,599 | ||
Welltower Inc. | 2.800% | 6/1/31 | 9,824 | 10,268 | ||
Weyerhaeuser Co. | 6.950% | 10/1/27 | 4,574 | 5,913 | ||
Weyerhaeuser Co. | 4.000% | 11/15/29 | 16,486 | 18,894 | ||
Weyerhaeuser Co. | 4.000% | 4/15/30 | 30,893 | 35,327 | ||
WP Carey Inc. | 4.250% | 10/1/26 | 6,807 | 7,717 | ||
WP Carey Inc. | 3.850% | 7/15/29 | 8,227 | 9,203 | ||
WP Carey Inc. | 2.400% | 2/1/31 | 13,914 | 14,003 | ||
3,352,788 | ||||||
Technology (9.3%) | ||||||
Adobe Inc. | 2.150% | 2/1/27 | 26,361 | 27,692 | ||
Adobe Inc. | 2.300% | 2/1/30 | 28,808 | 30,087 | ||
Amdocs Ltd. | 2.538% | 6/15/30 | 15,710 | 15,905 | ||
Analog Devices Inc. | 3.500% | 12/5/26 | 20,684 | 22,892 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Apple Inc. | 2.050% | 9/11/26 | 48,626 | 50,999 | ||
Apple Inc. | 3.350% | 2/9/27 | 56,245 | 62,488 | ||
Apple Inc. | 3.200% | 5/11/27 | 63,006 | 69,754 | ||
Apple Inc. | 3.000% | 6/20/27 | 18,102 | 19,955 | ||
Apple Inc. | 2.900% | 9/12/27 | 54,824 | 59,846 | ||
Apple Inc. | 3.000% | 11/13/27 | 29,827 | 32,773 | ||
Apple Inc. | 1.200% | 2/8/28 | 56,737 | 56,121 | ||
Apple Inc. | 1.400% | 8/5/28 | 56,960 | 56,806 | ||
Apple Inc. | 2.200% | 9/11/29 | 48,531 | 50,649 | ||
Apple Inc. | 1.650% | 5/11/30 | 38,648 | 38,493 | ||
Apple Inc. | 1.250% | 8/20/30 | 20,807 | 20,058 | ||
Apple Inc. | 1.650% | 2/8/31 | 81,477 | 80,650 | ||
Apple Inc. | 1.700% | 8/5/31 | 22,150 | 21,961 | ||
Applied Materials Inc. | 3.300% | 4/1/27 | 26,821 | 29,705 | ||
Applied Materials Inc. | 1.750% | 6/1/30 | 20,146 | 20,055 | ||
Arrow Electronics Inc. | 3.875% | 1/12/28 | 12,337 | 13,583 | ||
Autodesk Inc. | 3.500% | 6/15/27 | 12,021 | 13,316 | ||
Autodesk Inc. | 2.850% | 1/15/30 | 11,975 | 12,721 | ||
Automatic Data Processing Inc. | 1.700% | 5/15/28 | 26,700 | 27,164 | ||
Automatic Data Processing Inc. | 1.250% | 9/1/30 | 20,550 | 19,746 | ||
Avnet Inc. | 3.000% | 5/15/31 | 7,600 | 7,675 | ||
Broadcom Corp. | 3.875% | 1/15/27 | 102,759 | 113,423 | ||
Broadcom Corp. | 3.500% | 1/15/28 | 27,814 | 30,259 | ||
Broadcom Inc. | 3.459% | 9/15/26 | 44,293 | 48,081 | ||
2 | Broadcom Inc. | 1.950% | 2/15/28 | 7,200 | 7,182 | |
Broadcom Inc. | 4.110% | 9/15/28 | 52,820 | 59,282 | ||
Broadcom Inc. | 4.750% | 4/15/29 | 72,092 | 83,786 | ||
Broadcom Inc. | 5.000% | 4/15/30 | 63,074 | 74,812 | ||
Broadcom Inc. | 4.150% | 11/15/30 | 62,214 | 70,042 | ||
2 | Broadcom Inc. | 2.450% | 2/15/31 | 60,390 | 59,816 | |
Broadridge Financial Solutions Inc. | 2.900% | 12/1/29 | 19,542 | 20,735 | ||
Broadridge Financial Solutions Inc. | 2.600% | 5/1/31 | 25,300 | 26,030 | ||
CA Inc. | 4.700% | 3/15/27 | 8,771 | 9,911 | ||
CDW LLC | 4.250% | 4/1/28 | 2,800 | 2,935 | ||
CDW LLC | 3.250% | 2/15/29 | 7,350 | 7,553 | ||
Cintas Corp. No. 2 | 3.700% | 4/1/27 | 20,382 | 22,873 | ||
Cisco Systems Inc. | 2.500% | 9/20/26 | 33,805 | 36,372 | ||
Citrix Systems Inc. | 4.500% | 12/1/27 | 16,905 | 19,272 | ||
Citrix Systems Inc. | 3.300% | 3/1/30 | 20,001 | 21,073 | ||
Dell International LLC | 4.900% | 10/1/26 | 41,089 | 47,556 | ||
Dell International LLC | 6.100% | 7/15/27 | 14,476 | 17,870 | ||
Dell International LLC | 5.300% | 10/1/29 | 52,871 | 64,345 | ||
Dell International LLC | 6.200% | 7/15/30 | 18,304 | 23,596 | ||
DXC Technology Co. | 4.750% | 4/15/27 | 21,142 | 24,228 | ||
Equifax Inc. | 3.100% | 5/15/30 | 20,780 | 22,265 | ||
Equifax Inc. | 2.350% | 9/15/31 | 8,000 | 8,056 | ||
Fidelity National Information Services Inc. | 1.650% | 3/1/28 | 17,275 | 17,273 | ||
Fidelity National Information Services Inc. | 3.750% | 5/21/29 | 13,087 | 14,779 | ||
Fidelity National Information Services Inc. | 2.250% | 3/1/31 | 30,335 | 30,594 | ||
Fiserv Inc. | 2.250% | 6/1/27 | 17,163 | 17,838 | ||
Fiserv Inc. | 4.200% | 10/1/28 | 29,094 | 33,423 | ||
Fiserv Inc. | 3.500% | 7/1/29 | 73,002 | 80,319 | ||
Fiserv Inc. | 2.650% | 6/1/30 | 22,107 | 22,960 | ||
Flex Ltd. | 4.875% | 6/15/29 | 18,852 | 21,891 | ||
Flex Ltd. | 4.875% | 5/12/30 | 12,099 | 14,081 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Fortinet Inc. | 2.200% | 3/15/31 | 12,080 | 12,178 | ||
HP Inc. | 3.000% | 6/17/27 | 21,144 | 22,759 | ||
HP Inc. | 3.400% | 6/17/30 | 21,430 | 22,941 | ||
2 | HP Inc. | 2.650% | 6/17/31 | 26,793 | 26,866 | |
Hubbell Inc. | 3.150% | 8/15/27 | 5,878 | 6,318 | ||
Hubbell Inc. | 3.500% | 2/15/28 | 8,299 | 9,159 | ||
Hubbell Inc. | 2.300% | 3/15/31 | 6,945 | 7,045 | ||
IHS Markit Ltd. | 4.750% | 8/1/28 | 14,472 | 17,124 | ||
IHS Markit Ltd. | 4.250% | 5/1/29 | 18,311 | 21,149 | ||
Intel Corp. | 3.750% | 3/25/27 | 24,327 | 27,520 | ||
Intel Corp. | 3.150% | 5/11/27 | 23,959 | 26,396 | ||
Intel Corp. | 1.600% | 8/12/28 | 24,000 | 24,141 | ||
Intel Corp. | 2.450% | 11/15/29 | 47,729 | 50,357 | ||
Intel Corp. | 3.900% | 3/25/30 | 33,306 | 38,720 | ||
Intel Corp. | 2.000% | 8/12/31 | 32,000 | 32,180 | ||
International Business Machines Corp. | 3.300% | 1/27/27 | 12,455 | 13,740 | ||
International Business Machines Corp. | 1.700% | 5/15/27 | 28,524 | 29,082 | ||
International Business Machines Corp. | 6.220% | 8/1/27 | 6,189 | 7,826 | ||
International Business Machines Corp. | 6.500% | 1/15/28 | 5,475 | 7,099 | ||
International Business Machines Corp. | 3.500% | 5/15/29 | 67,008 | 75,044 | ||
International Business Machines Corp. | 1.950% | 5/15/30 | 40,772 | 40,928 | ||
Intuit Inc. | 1.350% | 7/15/27 | 14,868 | 15,015 | ||
Intuit Inc. | 1.650% | 7/15/30 | 9,340 | 9,309 | ||
Jabil Inc. | 3.950% | 1/12/28 | 13,156 | 14,607 | ||
Jabil Inc. | 3.600% | 1/15/30 | 12,595 | 13,632 | ||
Jabil Inc. | 3.000% | 1/15/31 | 13,474 | 13,884 | ||
Juniper Networks Inc. | 3.750% | 8/15/29 | 13,395 | 14,859 | ||
Juniper Networks Inc. | 2.000% | 12/10/30 | 13,444 | 13,006 | ||
KLA Corp. | 4.100% | 3/15/29 | 19,277 | 22,233 | ||
Lam Research Corp. | 4.000% | 3/15/29 | 22,626 | 26,229 | ||
Lam Research Corp. | 1.900% | 6/15/30 | 20,560 | 20,723 | ||
Leidos Inc. | 4.375% | 5/15/30 | 19,314 | 22,170 | ||
Leidos Inc. | 2.300% | 2/15/31 | 22,732 | 22,472 | ||
2 | Marvell Technology Inc. | 2.450% | 4/15/28 | 16,190 | 16,652 | |
2 | Marvell Technology Inc. | 4.875% | 6/22/28 | 11,332 | 13,191 | |
2 | Marvell Technology Inc. | 2.950% | 4/15/31 | 15,980 | 16,590 | |
Maxim Integrated Products Inc. | 3.450% | 6/15/27 | 8,508 | 9,439 | ||
Micron Technology Inc. | 4.185% | 2/15/27 | 21,979 | 24,975 | ||
Micron Technology Inc. | 5.327% | 2/6/29 | 11,509 | 13,925 | ||
Micron Technology Inc. | 4.663% | 2/15/30 | 21,050 | 24,659 | ||
Microsoft Corp. | 3.300% | 2/6/27 | 99,550 | 111,052 | ||
Moody's Corp. | 3.250% | 1/15/28 | 12,686 | 13,912 | ||
Moody's Corp. | 4.250% | 2/1/29 | 8,600 | 9,990 | ||
Moody's Corp. | 2.000% | 8/19/31 | 14,000 | 13,896 | ||
Motorola Solutions Inc. | 4.600% | 2/23/28 | 23,933 | 27,832 | ||
Motorola Solutions Inc. | 4.600% | 5/23/29 | 14,007 | 16,433 | ||
Motorola Solutions Inc. | 2.300% | 11/15/30 | 21,231 | 21,125 | ||
Motorola Solutions Inc. | 2.750% | 5/24/31 | 11,250 | 11,592 | ||
NetApp Inc. | 2.375% | 6/22/27 | 13,330 | 13,988 | ||
NetApp Inc. | 2.700% | 6/22/30 | 14,371 | 14,929 | ||
NVIDIA Corp. | 3.200% | 9/16/26 | 23,990 | 26,394 | ||
NVIDIA Corp. | 1.550% | 6/15/28 | 30,095 | 30,243 | ||
NVIDIA Corp. | 2.850% | 4/1/30 | 39,800 | 43,096 | ||
NVIDIA Corp. | 2.000% | 6/15/31 | 35,105 | 35,420 | ||
2 | NXP BV | 3.150% | 5/1/27 | 13,904 | 14,931 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
2 | NXP BV | 5.550% | 12/1/28 | 10,844 | 13,285 | |
2 | NXP BV | 4.300% | 6/18/29 | 25,221 | 28,997 | |
2 | NXP BV | 3.400% | 5/1/30 | 20,905 | 22,944 | |
2 | NXP BV | 2.500% | 5/11/31 | 30,545 | 31,419 | |
Oracle Corp. | 2.800% | 4/1/27 | 64,758 | 69,102 | ||
Oracle Corp. | 3.250% | 11/15/27 | 60,919 | 66,518 | ||
Oracle Corp. | 2.300% | 3/25/28 | 53,549 | 55,281 | ||
Oracle Corp. | 2.950% | 4/1/30 | 75,212 | 79,842 | ||
Oracle Corp. | 3.250% | 5/15/30 | 10,502 | 11,434 | ||
Oracle Corp. | 2.875% | 3/25/31 | 83,110 | 87,535 | ||
Qorvo Inc. | 4.375% | 10/15/29 | 20,500 | 22,728 | ||
QUALCOMM Inc. | 3.250% | 5/20/27 | 49,555 | 54,869 | ||
QUALCOMM Inc. | 1.300% | 5/20/28 | 22,717 | 22,435 | ||
QUALCOMM Inc. | 2.150% | 5/20/30 | 31,723 | 32,470 | ||
Quanta Services Inc. | 2.900% | 10/1/30 | 24,290 | 25,529 | ||
RELX Capital Inc. | 4.000% | 3/18/29 | 16,863 | 19,051 | ||
RELX Capital Inc. | 3.000% | 5/22/30 | 21,434 | 23,007 | ||
Roper Technologies Inc. | 3.800% | 12/15/26 | 13,244 | 14,814 | ||
Roper Technologies Inc. | 1.400% | 9/15/27 | 23,240 | ��� 23,141 | ||
Roper Technologies Inc. | 4.200% | 9/15/28 | 15,231 | 17,577 | ||
Roper Technologies Inc. | 2.950% | 9/15/29 | 29,639 | 31,863 | ||
Roper Technologies Inc. | 2.000% | 6/30/30 | 13,550 | 13,490 | ||
Roper Technologies Inc. | 1.750% | 2/15/31 | 25,270 | 24,474 | ||
S&P Global Inc. | 2.950% | 1/22/27 | 10,134 | 10,972 | ||
S&P Global Inc. | 2.500% | 12/1/29 | 14,777 | 15,651 | ||
S&P Global Inc. | 1.250% | 8/15/30 | 14,455 | 13,770 | ||
salesforce.com Inc. | 3.700% | 4/11/28 | 34,404 | 39,131 | ||
salesforce.com Inc. | 1.500% | 7/15/28 | 35,000 | 35,142 | ||
salesforce.com Inc. | 1.950% | 7/15/31 | 42,300 | 42,911 | ||
ServiceNow Inc. | 1.400% | 9/1/30 | 34,209 | 32,504 | ||
Skyworks Solutions Inc. | 3.000% | 6/1/31 | 15,314 | 15,941 | ||
2 | SYNNEX Corp. | 2.375% | 8/9/28 | 12,015 | 12,009 | |
2 | SYNNEX Corp. | 2.650% | 8/9/31 | 12,000 | 11,821 | |
Teledyne FLIR LLC | 2.500% | 8/1/30 | 12,324 | 12,614 | ||
Texas Instruments Inc. | 2.900% | 11/3/27 | 8,942 | 9,783 | ||
Texas Instruments Inc. | 2.250% | 9/4/29 | 20,660 | 21,585 | ||
Texas Instruments Inc. | 1.750% | 5/4/30 | 17,884 | 17,885 | ||
Verisk Analytics Inc. | 4.125% | 3/15/29 | 22,501 | 25,773 | ||
VMware Inc. | 4.650% | 5/15/27 | 22,532 | 26,054 | ||
VMware Inc. | 3.900% | 8/21/27 | 19,519 | 21,868 | ||
VMware Inc. | 1.800% | 8/15/28 | 19,620 | 19,451 | ||
VMware Inc. | 4.700% | 5/15/30 | 29,076 | 34,734 | ||
VMware Inc. | 2.200% | 8/15/31 | 37,105 | 36,849 | ||
Xilinx Inc. | 2.375% | 6/1/30 | 17,603 | 18,094 | ||
4,552,927 | ||||||
Utilities (6.9%) | ||||||
AEP Texas Inc. | 3.950% | 6/1/28 | 17,470 | 19,716 | ||
1 | AEP Texas Inc. | 2.100% | 7/1/30 | 17,053 | 16,921 | |
AEP Transmission Co. LLC | 3.100% | 12/1/26 | 8,087 | 8,800 | ||
AES Corp. | 2.450% | 1/15/31 | 26,565 | 26,818 | ||
1 | Alabama Power Co. | 1.450% | 9/15/30 | 12,751 | 12,348 | |
Ameren Corp. | 1.750% | 3/15/28 | 12,510 | 12,457 | ||
Ameren Corp. | 3.500% | 1/15/31 | 21,061 | 23,302 | ||
Ameren Illinois Co. | 3.800% | 5/15/28 | 6,659 | 7,546 | ||
Ameren Illinois Co. | 1.550% | 11/15/30 | 7,324 | 7,101 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
American Electric Power Co. Inc. | 3.200% | 11/13/27 | 10,956 | 11,931 | ||
1 | American Electric Power Co. Inc. | 4.300% | 12/1/28 | 12,850 | 14,833 | |
American Electric Power Co. Inc. | 2.300% | 3/1/30 | 9,506 | 9,591 | ||
American Water Capital Corp. | 2.950% | 9/1/27 | 6,767 | 7,339 | ||
American Water Capital Corp. | 3.750% | 9/1/28 | 8,558 | 9,710 | ||
American Water Capital Corp. | 3.450% | 6/1/29 | 22,876 | 25,465 | ||
American Water Capital Corp. | 2.800% | 5/1/30 | 13,925 | 14,878 | ||
American Water Capital Corp. | 2.300% | 6/1/31 | 15,000 | 15,403 | ||
1 | Appalachian Power Co. | 3.300% | 6/1/27 | 6,886 | 7,498 | |
1 | Appalachian Power Co. | 2.700% | 4/1/31 | 23,185 | 24,177 | |
Arizona Public Service Co. | 2.950% | 9/15/27 | 4,294 | 4,658 | ||
Arizona Public Service Co. | 2.600% | 8/15/29 | 7,497 | 7,900 | ||
Atlantic City Electric Co. | 4.000% | 10/15/28 | 6,427 | 7,365 | ||
Atlantic City Electric Co. | 2.300% | 3/15/31 | 9,760 | 10,081 | ||
Atmos Energy Corp. | 3.000% | 6/15/27 | 11,406 | 12,393 | ||
Atmos Energy Corp. | 2.625% | 9/15/29 | 9,772 | 10,305 | ||
Atmos Energy Corp. | 1.500% | 1/15/31 | 10,945 | 10,499 | ||
Avangrid Inc. | 3.800% | 6/1/29 | 18,061 | 20,389 | ||
Baltimore Gas & Electric Co. | 2.250% | 6/15/31 | 10,200 | 10,426 | ||
Berkshire Hathaway Energy Co. | 3.250% | 4/15/28 | 23,571 | 25,977 | ||
Berkshire Hathaway Energy Co. | 3.700% | 7/15/30 | 16,773 | 19,113 | ||
Berkshire Hathaway Energy Co. | 1.650% | 5/15/31 | 12,550 | 12,211 | ||
Black Hills Corp. | 3.150% | 1/15/27 | 4,185 | 4,486 | ||
Black Hills Corp. | 3.050% | 10/15/29 | 13,006 | 13,994 | ||
Black Hills Corp. | 2.500% | 6/15/30 | 7,017 | 7,222 | ||
1 | CenterPoint Energy Houston Electric LLC | 2.400% | 9/1/26 | 4,742 | 5,032 | |
1 | CenterPoint Energy Houston Electric LLC | 3.000% | 2/1/27 | 7,986 | �� 8,669 | |
1 | CenterPoint Energy Houston Electric LLC | 2.350% | 4/1/31 | 9,705 | 10,043 | |
CenterPoint Energy Inc. | 4.250% | 11/1/28 | 10,920 | 12,566 | ||
CenterPoint Energy Inc. | 2.950% | 3/1/30 | 17,660 | 18,726 | ||
CenterPoint Energy Inc. | 2.650% | 6/1/31 | 19,670 | 20,414 | ||
CenterPoint Energy Resources Corp. | 4.000% | 4/1/28 | 7,381 | 8,337 | ||
CenterPoint Energy Resources Corp. | 1.750% | 10/1/30 | 10,500 | 10,204 | ||
Cleco Corporate Holdings LLC | 3.375% | 9/15/29 | 3,510 | 3,671 | ||
CMS Energy Corp. | 3.450% | 8/15/27 | 8,389 | 9,294 | ||
1 | CMS Energy Corp. | 4.750% | 6/1/50 | 16,932 | 19,082 | |
CMS Energy Corp. | 3.750% | 12/1/50 | 8,768 | 8,900 | ||
1 | Commonwealth Edison Co. | 2.950% | 8/15/27 | 7,752 | 8,406 | |
Commonwealth Edison Co. | 3.700% | 8/15/28 | 14,899 | 17,008 | ||
Commonwealth Edison Co. | 2.200% | 3/1/30 | 5,889 | 6,054 | ||
1 | Connecticut Light & Power Co. | 3.200% | 3/15/27 | 20,546 | 22,656 | |
1 | Connecticut Light & Power Co. | 2.050% | 7/1/31 | 6,180 | 6,273 | |
1 | Consolidated Edison Co. of New York Inc. | 3.125% | 11/15/27 | 7,095 | 7,711 | |
Consolidated Edison Co. of New York Inc. | 3.800% | 5/15/28 | 5,421 | 6,134 | ||
1 | Consolidated Edison Co. of New York Inc. | 4.000% | 12/1/28 | 5,780 | 6,646 | |
1 | Consolidated Edison Co. of New York Inc. | 3.350% | 4/1/30 | 15,965 | 17,713 | |
Consolidated Edison Co. of New York Inc. | 2.400% | 6/15/31 | 19,086 | 19,593 | ||
Consumers Energy Co. | 3.800% | 11/15/28 | 6,304 | 7,202 | ||
1 | Dominion Energy Inc. | 2.850% | 8/15/26 | 12,232 | 13,074 | |
1 | Dominion Energy Inc. | 3.600% | 3/15/27 | 5,795 | 6,435 | |
Dominion Energy Inc. | 4.250% | 6/1/28 | 9,406 | 10,825 | ||
1 | Dominion Energy Inc. | 3.375% | 4/1/30 | 34,401 | 37,708 | |
1 | Dominion Energy Inc. | 2.250% | 8/15/31 | 10,000 | 10,099 | |
1 | DTE Electric Co. | 1.900% | 4/1/28 | 13,525 | 13,850 | |
DTE Electric Co. | 2.250% | 3/1/30 | 9,135 | 9,442 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | DTE Electric Co. | 2.625% | 3/1/31 | 13,081 | 13,877 | |
DTE Energy Co. | 2.850% | 10/1/26 | 23,227 | 24,855 | ||
1 | DTE Energy Co. | 3.400% | 6/15/29 | 26,672 | 29,311 | |
DTE Energy Co. | 2.950% | 3/1/30 | 6,436 | 6,851 | ||
Duke Energy Carolinas LLC | 2.950% | 12/1/26 | 21,442 | 23,232 | ||
Duke Energy Carolinas LLC | 3.950% | 11/15/28 | 17,567 | 20,175 | ||
1 | Duke Energy Carolinas LLC | 6.000% | 12/1/28 | 7,625 | 9,700 | |
Duke Energy Carolinas LLC | 2.450% | 8/15/29 | 16,957 | 17,748 | ||
Duke Energy Carolinas LLC | 2.450% | 2/1/30 | 14,208 | 14,794 | ||
Duke Energy Carolinas LLC | 2.550% | 4/15/31 | 13,825 | 14,527 | ||
Duke Energy Corp. | 2.650% | 9/1/26 | 39,411 | 41,913 | ||
Duke Energy Corp. | 3.150% | 8/15/27 | 10,772 | 11,705 | ||
Duke Energy Corp. | 3.400% | 6/15/29 | 9,017 | 9,884 | ||
Duke Energy Corp. | 2.450% | 6/1/30 | 25,083 | 25,715 | ||
Duke Energy Corp. | 2.550% | 6/15/31 | 24,508 | 25,216 | ||
Duke Energy Florida LLC | 3.200% | 1/15/27 | 25,578 | 28,043 | ||
Duke Energy Florida LLC | 3.800% | 7/15/28 | 10,361 | 11,737 | ||
Duke Energy Florida LLC | 2.500% | 12/1/29 | 12,949 | 13,626 | ||
Duke Energy Florida LLC | 1.750% | 6/15/30 | 23,198 | 22,886 | ||
1 | Duke Energy Florida Project Finance LLC | 2.538% | 9/1/29 | 2,419 | 2,547 | |
Duke Energy Ohio Inc. | 3.650% | 2/1/29 | 12,821 | 14,339 | ||
Duke Energy Ohio Inc. | 2.125% | 6/1/30 | 6,568 | 6,640 | ||
Duke Energy Progress LLC | 3.700% | 9/1/28 | 6,792 | 7,696 | ||
Duke Energy Progress LLC | 3.450% | 3/15/29 | 23,660 | 26,463 | ||
Duke Energy Progress LLC | 2.000% | 8/15/31 | 12,200 | 12,208 | ||
2 | East Ohio Gas Co. | 2.000% | 6/15/30 | 2,650 | 2,640 | |
Edison International | 5.750% | 6/15/27 | 14,517 | 16,608 | ||
Edison International | 4.125% | 3/15/28 | 17,883 | 19,158 | ||
2 | Emera US Finance LP | 2.639% | 6/15/31 | 14,850 | 15,122 | |
Enel Americas SA | 4.000% | 10/25/26 | 13,015 | 14,259 | ||
Enel Chile SA | 4.875% | 6/12/28 | 19,137 | 22,091 | ||
Entergy Corp. | 2.950% | 9/1/26 | 28,457 | 30,550 | ||
Entergy Corp. | 1.900% | 6/15/28 | 11,275 | 11,288 | ||
Entergy Corp. | 2.800% | 6/15/30 | 14,784 | 15,478 | ||
Entergy Corp. | 2.400% | 6/15/31 | 12,265 | 12,358 | ||
Entergy Louisiana LLC | 2.400% | 10/1/26 | 10,268 | 10,815 | ||
Entergy Louisiana LLC | 3.120% | 9/1/27 | 15,654 | 17,099 | ||
Entergy Louisiana LLC | 3.250% | 4/1/28 | 6,210 | 6,797 | ||
Entergy Louisiana LLC | 1.600% | 12/15/30 | 3,506 | 3,403 | ||
Entergy Louisiana LLC | 3.050% | 6/1/31 | 8,930 | 9,681 | ||
Entergy Mississippi LLC | 2.850% | 6/1/28 | 13,022 | 13,958 | ||
Entergy Texas Inc. | 4.000% | 3/30/29 | 10,711 | 12,165 | ||
Entergy Texas Inc. | 1.750% | 3/15/31 | 9,408 | 9,065 | ||
Essential Utilities Inc. | 3.566% | 5/1/29 | 11,813 | 13,167 | ||
Essential Utilities Inc. | 2.704% | 4/15/30 | 23,400 | 24,493 | ||
Evergy Inc. | 2.900% | 9/15/29 | 10,289 | 10,959 | ||
Evergy Kansas Central Inc. | 3.100% | 4/1/27 | 4,597 | 4,994 | ||
1 | Evergy Metro Inc. | 2.250% | 6/1/30 | 20,232 | 20,716 | |
1 | Eversource Energy | 3.300% | 1/15/28 | 8,770 | 9,629 | |
1 | Eversource Energy | 4.250% | 4/1/29 | 13,384 | 15,588 | |
1 | Eversource Energy | 1.650% | 8/15/30 | 12,650 | 12,222 | |
Eversource Energy | 2.550% | 3/15/31 | 8,717 | 9,043 | ||
Exelon Corp. | 4.050% | 4/15/30 | 38,391 | 44,016 | ||
Fortis Inc. | 3.055% | 10/4/26 | 19,805 | 21,372 | ||
Georgia Power Co. | 3.250% | 3/30/27 | 12,132 | 13,183 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Georgia Power Co. | 2.650% | 9/15/29 | 23,558 | 24,875 | |
1 | Gulf Power Co. | 3.300% | 5/30/27 | 5,260 | 5,774 | |
Indiana Michigan Power Co. | 3.850% | 5/15/28 | 16,572 | 18,689 | ||
Interstate Power & Light Co. | 4.100% | 9/26/28 | 16,055 | 18,547 | ||
Interstate Power & Light Co. | 3.600% | 4/1/29 | 8,668 | 9,694 | ||
Interstate Power & Light Co. | 2.300% | 6/1/30 | 6,908 | 7,074 | ||
IPALCO Enterprises Inc. | 4.250% | 5/1/30 | 9,698 | 11,039 | ||
ITC Holdings Corp. | 3.350% | 11/15/27 | 15,242 | 16,736 | ||
MidAmerican Energy Co. | 3.100% | 5/1/27 | 14,602 | 16,005 | ||
MidAmerican Energy Co. | 3.650% | 4/15/29 | 24,494 | 27,817 | ||
Mississippi Power Co. | 3.950% | 3/30/28 | 6,026 | 6,824 | ||
National Fuel Gas Co. | 3.950% | 9/15/27 | 8,926 | 9,654 | ||
National Fuel Gas Co. | 4.750% | 9/1/28 | 6,295 | 7,129 | ||
National Fuel Gas Co. | 2.950% | 3/1/31 | 8,510 | 8,650 | ||
National Rural Utilities Cooperative Finance Corp. | 3.050% | 4/25/27 | 9,158 | 10,002 | ||
National Rural Utilities Cooperative Finance Corp. | 3.400% | 2/7/28 | 26,570 | 29,371 | ||
National Rural Utilities Cooperative Finance Corp. | 3.900% | 11/1/28 | 8,655 | 9,875 | ||
National Rural Utilities Cooperative Finance Corp. | 3.700% | 3/15/29 | 14,318 | 16,242 | ||
National Rural Utilities Cooperative Finance Corp. | 2.400% | 3/15/30 | 13,232 | 13,694 | ||
National Rural Utilities Cooperative Finance Corp. | 1.350% | 3/15/31 | 8,689 | 8,180 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 1.650% | 6/15/31 | 6,285 | 6,062 | |
1 | Nevada Power Co. | 3.700% | 5/1/29 | 13,304 | 15,030 | |
1 | Nevada Power Co. | 2.400% | 5/1/30 | 6,410 | 6,616 | |
NextEra Energy Capital Holdings Inc. | 3.550% | 5/1/27 | 14,161 | 15,679 | ||
NextEra Energy Capital Holdings Inc. | 1.900% | 6/15/28 | 37,000 | 37,491 | ||
NextEra Energy Capital Holdings Inc. | 3.500% | 4/1/29 | 16,507 | 18,313 | ||
NextEra Energy Capital Holdings Inc. | 2.750% | 11/1/29 | 23,431 | 24,816 | ||
NextEra Energy Capital Holdings Inc. | 2.250% | 6/1/30 | 59,101 | 60,231 | ||
1 | NextEra Energy Capital Holdings Inc. | 4.800% | 12/1/77 | 16,434 | 18,495 | |
1 | NextEra Energy Capital Holdings Inc. | 5.650% | 5/1/79 | 8,537 | 10,014 | |
NiSource Inc. | 3.490% | 5/15/27 | 18,143 | 20,034 | ||
NiSource Inc. | 2.950% | 9/1/29 | 24,555 | 26,138 | ||
NiSource Inc. | 3.600% | 5/1/30 | 26,021 | 28,996 | ||
NiSource Inc. | 1.700% | 2/15/31 | 17,050 | 16,362 | ||
Northern States Power Co. | 2.250% | 4/1/31 | 11,975 | 12,381 | ||
NSTAR Electric Co. | 3.200% | 5/15/27 | 20,316 | 22,327 | ||
NSTAR Electric Co. | 3.250% | 5/15/29 | 5,902 | 6,542 | ||
NSTAR Electric Co. | 3.950% | 4/1/30 | 13,490 | 15,676 | ||
1 | Ohio Power Co. | 2.600% | 4/1/30 | 3,400 | 3,587 | |
1 | Ohio Power Co. | 1.625% | 1/15/31 | 11,162 | 10,871 | |
Oklahoma Gas & Electric Co. | 3.800% | 8/15/28 | 6,031 | 6,848 | ||
Oklahoma Gas & Electric Co. | 3.300% | 3/15/30 | 5,327 | 5,859 | ||
Oklahoma Gas & Electric Co. | 3.250% | 4/1/30 | 13,351 | 14,644 | ||
Oncor Electric Delivery Co. LLC | 3.700% | 11/15/28 | 14,915 | 16,966 | ||
Oncor Electric Delivery Co. LLC | 5.750% | 3/15/29 | 4,520 | 5,717 | ||
Oncor Electric Delivery Co. LLC | 2.750% | 5/15/30 | 9,442 | 10,201 | ||
ONE Gas Inc. | 2.000% | 5/15/30 | 6,831 | 6,816 | ||
Pacific Gas & Electric Co. | 2.100% | 8/1/27 | 3,300 | 3,195 | ||
Pacific Gas & Electric Co. | 3.300% | 12/1/27 | 31,142 | 31,919 | ||
Pacific Gas & Electric Co. | 3.000% | 6/15/28 | 8,925 | 8,919 | ||
Pacific Gas & Electric Co. | 3.750% | 7/1/28 | 43,597 | 45,541 | ||
Pacific Gas & Electric Co. | 4.550% | 7/1/30 | 95,185 | 101,737 | ||
Pacific Gas & Electric Co. | 2.500% | 2/1/31 | 51,486 | 48,570 | ||
Pacific Gas & Electric Co. | 3.250% | 6/1/31 | 3,683 | 3,628 | ||
PacifiCorp | 3.500% | 6/15/29 | 13,007 | 14,530 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PacifiCorp | 2.700% | 9/15/30 | 21,393 | 22,685 | ||
Piedmont Natural Gas Co. Inc. | 3.500% | 6/1/29 | 7,995 | 8,822 | ||
Piedmont Natural Gas Co. Inc. | 2.500% | 3/15/31 | 9,450 | 9,672 | ||
Progress Energy Inc. | 7.750% | 3/1/31 | 6,640 | 9,541 | ||
PSEG Power LLC | 8.625% | 4/15/31 | 9,963 | 15,683 | ||
Public Service Co. of Colorado | 3.700% | 6/15/28 | 7,544 | 8,522 | ||
1 | Public Service Co. of Colorado | 1.900% | 1/15/31 | 4,899 | 4,912 | |
Public Service Co. of Colorado | 1.875% | 6/15/31 | 17,350 | 17,370 | ||
1 | Public Service Electric & Gas Co. | 2.250% | 9/15/26 | 14,850 | 15,627 | |
1 | Public Service Electric & Gas Co. | 3.000% | 5/15/27 | 4,720 | 5,138 | |
1 | Public Service Electric & Gas Co. | 3.700% | 5/1/28 | 8,430 | 9,588 | |
1 | Public Service Electric & Gas Co. | 3.650% | 9/1/28 | 7,103 | 8,063 | |
1 | Public Service Electric & Gas Co. | 3.200% | 5/15/29 | 8,623 | 9,524 | |
1 | Public Service Electric & Gas Co. | 2.450% | 1/15/30 | 5,879 | 6,178 | |
1 | Public Service Electric & Gas Co. | 1.900% | 8/15/31 | 7,000 | 7,006 | |
Public Service Enterprise Group Inc. | 1.600% | 8/15/30 | 11,846 | 11,326 | ||
2 | Puget Energy Inc. | 2.379% | 6/15/28 | 6,216 | 6,310 | |
Puget Energy Inc. | 4.100% | 6/15/30 | 13,935 | 15,639 | ||
1 | San Diego Gas & Electric Co. | 1.700% | 10/1/30 | 15,390 | 14,985 | |
Sempra Energy | 3.250% | 6/15/27 | 20,592 | 22,417 | ||
Sempra Energy | 3.400% | 2/1/28 | 31,044 | 33,884 | ||
1 | Southern California Edison Co. | 3.650% | 3/1/28 | 10,257 | 11,257 | |
1 | Southern California Edison Co. | 4.200% | 3/1/29 | 13,609 | 15,429 | |
Southern California Edison Co. | 6.650% | 4/1/29 | 4,031 | 5,045 | ||
Southern California Edison Co. | 2.850% | 8/1/29 | 9,744 | 10,213 | ||
Southern California Edison Co. | 2.250% | 6/1/30 | 14,023 | 14,014 | ||
1 | Southern California Edison Co. | 2.500% | 6/1/31 | 11,435 | 11,552 | |
1 | Southern California Gas Co. | 2.550% | 2/1/30 | 16,008 | 16,716 | |
1 | Southern Co. | 1.750% | 3/15/28 | 11,275 | 11,260 | |
1 | Southern Co. | 3.700% | 4/30/30 | 26,667 | 29,729 | |
1 | Southern Co. | 3.750% | 9/15/51 | 24,540 | 25,072 | |
1 | Southern Co. Gas Capital Corp. | 1.750% | 1/15/31 | 14,285 | 13,800 | |
Southwest Gas Corp. | 3.700% | 4/1/28 | 4,589 | 5,127 | ||
Southwest Gas Corp. | 2.200% | 6/15/30 | 12,869 | 13,025 | ||
1 | Southwestern Electric Power Co. | 2.750% | 10/1/26 | 9,161 | 9,733 | |
1 | Southwestern Electric Power Co. | 4.100% | 9/15/28 | 22,630 | 25,889 | |
Tampa Electric Co. | 2.400% | 3/15/31 | 9,820 | 10,122 | ||
Tucson Electric Power Co. | 1.500% | 8/1/30 | 10,380 | 9,970 | ||
Union Electric Co. | 2.950% | 6/15/27 | 9,932 | 10,769 | ||
Union Electric Co. | 3.500% | 3/15/29 | 16,053 | 17,949 | ||
Union Electric Co. | 2.950% | 3/15/30 | 9,473 | 10,258 | ||
United Utilities plc | 6.875% | 8/15/28 | 2,312 | 3,010 | ||
1 | Virginia Electric & Power Co. | 2.950% | 11/15/26 | 13,963 | 15,100 | |
1 | Virginia Electric & Power Co. | 3.500% | 3/15/27 | 23,097 | 25,640 | |
1 | Virginia Electric & Power Co. | 3.800% | 4/1/28 | 12,335 | 13,961 | |
1 | Virginia Electric & Power Co. | 2.875% | 7/15/29 | 14,733 | 15,896 | |
WEC Energy Group Inc. | 1.375% | 10/15/27 | 10,266 | 10,152 | ||
WEC Energy Group Inc. | 1.800% | 10/15/30 | 9,305 | 9,059 | ||
Wisconsin Electric Power Co. | 1.700% | 6/15/28 | 6,300 | 6,369 | ||
Wisconsin Power & Light Co. | 3.050% | 10/15/27 | 7,480 | 8,125 | ||
Wisconsin Power & Light Co. | 3.000% | 7/1/29 | 3,859 | 4,202 | ||
Xcel Energy Inc. | 3.350% | 12/1/26 | 13,448 | 14,673 | ||
Xcel Energy Inc. | 4.000% | 6/15/28 | 12,029 | 13,710 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Xcel Energy Inc. | 2.600% | 12/1/29 | 18,898 | 19,853 | ||
Xcel Energy Inc. | 3.400% | 6/1/30 | 15,808 | 17,526 | ||
3,385,944 | ||||||
Total Corporate Bonds (Cost $46,847,210) | 47,907,126 | |||||
Shares | ||||||
Temporary Cash Investments (0.5%) | ||||||
Money Market Fund (0.5%) | ||||||
4 | Vanguard Market Liquidity Fund (Cost $222,393) | 0.068% | 2,223,931 | 222,393 | ||
Total Investments (99.5%) (Cost $47,577,209) | 48,637,262 | |||||
Other Assets and Liabilities—Net (0.5%) | 265,680 | |||||
Net Assets (100%) | 48,902,942 |
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 | 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 August 31, 2021, the aggregate value was $747,321,000, representing 1.5% of net assets. |
3 | Securities with a value of $1,706,000 have been segregated as initial margin for open futures contracts. |
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. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Short Futures Contracts | ||||
Ultra 10-Year U.S. Treasury Note | December 2021 | (27) | (3,996) | (1) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $47,354,816) | 48,414,869 |
Affiliated Issuers (Cost $222,393) | 222,393 |
Total Investments in Securities | 48,637,262 |
Investment in Vanguard | 1,648 |
Cash | 11,838 |
Receivables for Investment Securities Sold | 1,031,484 |
Receivables for Accrued Income | 409,385 |
Receivables for Capital Shares Issued | 1,129 |
Variation Margin Receivable—Futures Contracts | 395 |
Total Assets | 50,093,141 |
Liabilities | |
Payables for Investment Securities Purchased | 1,185,067 |
Payables for Capital Shares Redeemed | 4,117 |
Payables for Distributions | 937 |
Payables to Vanguard | 78 |
Total Liabilities | 1,190,199 |
Net Assets | 48,902,942 |
Statement of Assets and Liabilities (continued) | |
At August 31, 2021, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 47,475,968 |
Total Distributable Earnings (Loss) | 1,426,974 |
Net Assets | 48,902,942 |
ETF Shares—Net Assets | |
Applicable to 490,435,332 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 46,872,656 |
Net Asset Value Per Share—ETF Shares | $95.57 |
Admiral Shares—Net Assets | |
Applicable to 61,641,271 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,587,323 |
Net Asset Value Per Share—Admiral Shares | $25.75 |
Institutional Shares—Net Assets | |
Applicable to 13,921,811 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 442,963 |
Net Asset Value Per Share—Institutional Shares | $31.82 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 1,046,064 |
Total Income | 1,046,064 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 1,054 |
Management and Administrative—ETF Shares | 13,841 |
Management and Administrative—Admiral Shares | 973 |
Management and Administrative—Institutional Shares | 180 |
Marketing and Distribution—ETF Shares | 1,905 |
Marketing and Distribution—Admiral Shares | 71 |
Marketing and Distribution—Institutional Shares | 13 |
Custodian Fees | 111 |
Auditing Fees | 42 |
Shareholders’ Reports—ETF Shares | 968 |
Shareholders’ Reports—Admiral Shares | 12 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 15 |
Total Expenses | 19,185 |
Net Investment Income | 1,026,879 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 1,233,884 |
Futures Contracts | 1,856 |
Realized Net Gain (Loss) | 1,235,740 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (1,298,247) |
Futures Contracts | 18 |
Change in Unrealized Appreciation (Depreciation) | (1,298,229) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 964,390 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $84,000, less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $867,778,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 1,026,879 | 922,768 |
Realized Net Gain (Loss) | 1,235,740 | 638,698 |
Change in Unrealized Appreciation (Depreciation) | (1,298,229) | 857,685 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 964,390 | 2,419,151 |
Distributions | ||
ETF Shares | (1,059,945) | (856,258) |
Admiral Shares | (38,281) | (42,509) |
Institutional Shares | (10,049) | (12,870) |
Total Distributions | (1,108,275) | (911,637) |
Capital Share Transactions | ||
ETF Shares | 8,062,666 | 13,435,330 |
Admiral Shares | 45,641 | 105,631 |
Institutional Shares | 88,292 | (64,920) |
Net Increase (Decrease) from Capital Share Transactions | 8,196,599 | 13,476,041 |
Total Increase (Decrease) | 8,052,714 | 14,983,555 |
Net Assets | ||
Beginning of Period | 40,850,228 | 25,866,673 |
End of Period | 48,902,942 | 40,850,228 |
ETF Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $95.98 | $91.82 | $84.02 | $88.35 | $89.47 |
Investment Operations | |||||
Net Investment Income1 | 2.163 | 2.761 | 3.132 | 2.935 | 2.869 |
Net Realized and Unrealized Gain (Loss) on Investments | (.205) | 4.205 | 7.768 | (4.362) | (1.184) |
Total from Investment Operations | 1.958 | 6.966 | 10.900 | (1.427) | 1.685 |
Distributions | |||||
Dividends from Net Investment Income | (2.169) | (2.806) | (3.100) | (2.903) | (2.805) |
Distributions from Realized Capital Gains | (.199) | — | — | — | — |
Total Distributions | (2.368) | (2.806) | (3.100) | (2.903) | (2.805) |
Net Asset Value, End of Period | $95.57 | $95.98 | $91.82 | $84.02 | $88.35 |
Total Return | 2.08% | 7.78% | 13.33% | -1.62% | 1.98% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $46,873 | $38,944 | $24,080 | $19,302 | $16,699 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.05% | 0.05% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.27% | 2.99% | 3.65% | 3.44% | 3.30% |
Portfolio Turnover Rate2 | 53% | 72% | 59% | 65% | 65% |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $25.86 | $24.71 | $22.61 | $23.78 | $24.08 |
Investment Operations | |||||
Net Investment Income1 | .578 | .747 | .839 | .792 | .774 |
Net Realized and Unrealized Gain (Loss) on Investments | (.062) | 1.138 | 2.097 | (1.175) | (.318) |
Total from Investment Operations | .516 | 1.885 | 2.936 | (.383) | .456 |
Distributions | |||||
Dividends from Net Investment Income | (.572) | (.735) | (.836) | (.787) | (.756) |
Distributions from Realized Capital Gains | (.054) | — | — | — | — |
Total Distributions | (.626) | (.735) | (.836) | (.787) | (.756) |
Net Asset Value, End of Period | $25.75 | $25.86 | $24.71 | $22.61 | $23.78 |
Total Return2 | 2.03% | 7.79% | 13.30% | -1.61% | 1.99% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $1,587 | $1,549 | $1,381 | $1,076 | $1,014 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.25% | 3.01% | 3.63% | 3.44% | 3.30% |
Portfolio Turnover Rate3 | 53% | 72% | 59% | 65% | 65% |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $31.95 | $30.53 | $27.94 | $29.38 | $29.75 |
Investment Operations | |||||
Net Investment Income1 | .720 | .940 | 1.044 | .983 | .962 |
Net Realized and Unrealized Gain (Loss) on Investments | (.070) | 1.394 | 2.584 | (1.446) | (.392) |
Total from Investment Operations | .650 | 2.334 | 3.628 | (.463) | .570 |
Distributions | |||||
Dividends from Net Investment Income | (.714) | (.914) | (1.038) | (.977) | (.940) |
Distributions from Realized Capital Gains | (.066) | — | — | — | — |
Total Distributions | (.780) | (.914) | (1.038) | (.977) | (.940) |
Net Asset Value, End of Period | $31.82 | $31.95 | $30.53 | $27.94 | $29.38 |
Total Return2 | 2.07% | 7.81% | 13.30% | -1.57% | 2.01% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $443 | $357 | $406 | $492 | $572 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 2.27% | 3.07% | 3.65% | 3.46% | 3.32% |
Portfolio Turnover Rate3 | 53% | 72% | 59% | 65% | 65% |
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. | 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 | — | 507,743 | — | 507,743 |
Corporate Bonds | — | 47,907,126 | — | 47,907,126 |
Temporary Cash Investments | 222,393 | — | — | 222,393 |
Total | 222,393 | 48,414,869 | — | 48,637,262 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 1 | — | — | 1 |
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. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for in-kind redemptions and distributions in connection with fund share redemptions were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 893,445 |
Total Distributable Earnings (Loss) | (893,445) |
Amount ($000) | |
Undistributed Ordinary Income | 107,922 |
Undistributed Long-Term Gains | 266,536 |
Capital Loss Carryforwards | — |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 1,053,453 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 1,043,345 | 911,637 |
Long-Term Capital Gains | 64,930 | — |
Total | 1,108,275 | 911,637 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 47,583,809 |
Gross Unrealized Appreciation | 1,268,085 |
Gross Unrealized Depreciation | (214,632) |
Net Unrealized Appreciation (Depreciation) | 1,053,453 |
E. | During the year ended August 31, 2021, the fund purchased $33,561,814,000 of investment securities and sold $25,674,218,000 of investment securities, other than U.S. government securities and temporary cash investments. Purchases and sales of U.S. government securities were $10,785,184,000 and $10,300,186,000, respectively. Purchases and sales include $20,312,728,000 and $12,408,573,000, 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: |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued1 | 20,684,453 | 217,097 | 21,977,106 | 236,975 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (12,621,787) | (132,400) | (8,541,776) | (93,500) | |
Net Increase (Decrease)—ETF Shares | 8,062,666 | 84,697 | 13,435,330 | 143,475 |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Admiral Shares | |||||
Issued1 | 392,434 | 15,237 | 526,493 | 21,282 | |
Issued in Lieu of Cash Distributions | 30,298 | 1,179 | 34,053 | 1,371 | |
Redeemed | (377,091) | (14,690) | (454,915) | (18,616) | |
Net Increase (Decrease)—Admiral Shares | 45,641 | 1,726 | 105,631 | 4,037 | |
Institutional Shares | |||||
Issued1 | 141,963 | 4,463 | 139,541 | 4,570 | |
Issued in Lieu of Cash Distributions | 6,380 | 201 | 8,451 | 276 | |
Redeemed | (60,051) | (1,906) | (212,912) | (6,963) | |
Net Increase (Decrease)—Institutional Shares | 88,292 | 2,758 | (64,920) | (2,117) |
1 | Includes purchase fees for fiscal 2021 and 2020 of $1,285,000 and $1,686,000, respectively (fund totals). |
G. | Management has determined that no events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Long-Term Corporate Bond Index Fund ETF Shares Net Asset Value | 4.39% | 6.44% | 7.38% | $20,380 | |
Long-Term Corporate Bond Index Fund ETF Shares Market Price | 3.80 | 6.42 | 7.24 | 20,108 | |
Bloomberg U.S. 10+ Year Corporate Bond Index | 3.95 | 6.52 | 7.30 | 20,222 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 13,728 |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Long-Term Corporate Bond Index Fund Admiral Shares | 3.32% | 6.23% | 7.27% | $20,180 | |
Bloomberg U.S. 10+ Year Corporate Bond Index | 3.95 | 6.52 | 7.30 | 20,222 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 13,728 |
One Year | Five Years | Ten Years | Final Value of a $5,000,000 Investment | ||
Long-Term Corporate Bond Index Fund Institutional Shares | 3.33% | 6.24% | 7.29% | $10,107,200 | |
Bloomberg U.S. 10+ Year Corporate Bond Index | 3.95 | 6.52 | 7.30 | 10,110,926 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 6,863,983 |
Cumulative Returns of ETF Shares: August 31, 2011, Through August 31, 2021 | |||
One Year | Five Years | Ten Years | |
Long-Term Corporate Bond Index Fund ETF Shares Market Price | 3.80% | 36.52% | 101.08% |
Long-Term Corporate Bond Index Fund ETF Shares Net Asset Value | 4.39 | 36.65 | 103.80 |
Bloomberg U.S. 10+ Year Corporate Bond Index | 3.95 | 37.12 | 102.22 |
Corporate Bonds – Communications | 13.5% |
Corporate Bonds – Consumer Discretionary | 5.6 |
Corporate Bonds – Consumer Staples | 7.9 |
Corporate Bonds – Energy | 9.0 |
Corporate Bonds – Financials | 15.1 |
Corporate Bonds – Health Care | 14.7 |
Corporate Bonds – Industrials | 8.6 |
Corporate Bonds – Materials | 3.7 |
Corporate Bonds – Real Estate | 1.5 |
Corporate Bonds – Technology | 8.3 |
Corporate Bonds – Utilities | 11.8 |
Taxable Municipal Bonds | 0.0 |
U.S. Government and Agency Obligations | 0.3 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (0.3%) | ||||||
U.S. Government Securities (0.3%) | ||||||
United States Treasury Note/Bond | 1.250% | 8/15/31 | 14,055 | 13,983 | ||
United States Treasury Note/Bond | 2.375% | 5/15/51 | 2,545 | 2,811 | ||
Total U.S. Government and Agency Obligations (Cost $16,792) | 16,794 | |||||
Corporate Bonds (98.7%) | ||||||
Communications (13.4%) | ||||||
Activision Blizzard Inc. | 4.500% | 6/15/47 | 1,540 | 1,913 | ||
Activision Blizzard Inc. | 2.500% | 9/15/50 | 2,469 | 2,205 | ||
Alphabet Inc. | 1.900% | 8/15/40 | 2,671 | 2,477 | ||
Alphabet Inc. | 2.050% | 8/15/50 | 5,716 | 5,185 | ||
Alphabet Inc. | 2.250% | 8/15/60 | 4,393 | 3,995 | ||
America Movil SAB de CV | 6.375% | 3/1/35 | 968 | 1,392 | ||
America Movil SAB de CV | 6.125% | 11/15/37 | 969 | 1,351 | ||
America Movil SAB de CV | 6.125% | 3/30/40 | 4,853 | 6,974 | ||
America Movil SAB de CV | 4.375% | 7/16/42 | 3,302 | 4,036 | ||
America Movil SAB de CV | 4.375% | 4/22/49 | 3,335 | 4,192 | ||
AT&T Inc. | 2.250% | 2/1/32 | 5,800 | 5,767 | ||
1 | AT&T Inc. | 2.550% | 12/1/33 | 9,438 | 9,485 | |
AT&T Inc. | 6.150% | 9/15/34 | 618 | 832 | ||
AT&T Inc. | 4.500% | 5/15/35 | 6,074 | 7,196 | ||
AT&T Inc. | 5.250% | 3/1/37 | 3,076 | 3,903 | ||
AT&T Inc. | 4.900% | 8/15/37 | 2,043 | 2,531 | ||
AT&T Inc. | 6.550% | 2/15/39 | 150 | 215 | ||
AT&T Inc. | 4.850% | 3/1/39 | 3,487 | 4,274 | ||
AT&T Inc. | 6.000% | 8/15/40 | 275 | 379 | ||
AT&T Inc. | 5.350% | 9/1/40 | 2,468 | 3,202 | ||
AT&T Inc. | 6.375% | 3/1/41 | 1,070 | 1,553 | ||
AT&T Inc. | 6.250% | 3/29/41 | 442 | 624 | ||
AT&T Inc. | 3.500% | 6/1/41 | 5,423 | 5,727 | ||
AT&T Inc. | 5.550% | 8/15/41 | 2,021 | 2,688 | ||
AT&T Inc. | 5.150% | 3/15/42 | 3,162 | 4,017 | ||
AT&T Inc. | 4.900% | 6/15/42 | 2,662 | 3,318 | ||
AT&T Inc. | 4.300% | 12/15/42 | 3,216 | 3,717 | ||
AT&T Inc. | 3.100% | 2/1/43 | 4,640 | 4,607 | ||
AT&T Inc. | 4.650% | 6/1/44 | 1,446 | 1,734 | ||
AT&T Inc. | 4.350% | 6/15/45 | 2,343 | 2,713 | ||
AT&T Inc. | 4.850% | 7/15/45 | 1,685 | 2,082 | ||
AT&T Inc. | 4.750% | 5/15/46 | 3,568 | 4,368 | ||
2 | AT&T Inc. | 5.150% | 11/15/46 | 1,376 | 1,779 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
AT&T Inc. | 5.650% | 2/15/47 | 1,500 | 2,047 | ||
AT&T Inc. | 5.450% | 3/1/47 | 904 | 1,206 | ||
AT&T Inc. | 4.500% | 3/9/48 | 4,055 | 4,834 | ||
AT&T Inc. | 4.550% | 3/9/49 | 3,269 | 3,919 | ||
AT&T Inc. | 5.150% | 2/15/50 | 1,150 | 1,489 | ||
AT&T Inc. | 3.650% | 6/1/51 | 6,470 | 6,846 | ||
AT&T Inc. | 3.300% | 2/1/52 | 5,387 | 5,366 | ||
1 | AT&T Inc. | 3.500% | 9/15/53 | 16,936 | 17,384 | |
1 | AT&T Inc. | 3.550% | 9/15/55 | 17,857 | 18,242 | |
1 | AT&T Inc. | 3.800% | 12/1/57 | 16,524 | 17,588 | |
1 | AT&T Inc. | 3.650% | 9/15/59 | 15,306 | 15,750 | |
AT&T Inc. | 3.850% | 6/1/60 | 2,805 | 2,991 | ||
AT&T Inc. | 3.500% | 2/1/61 | 2,543 | 2,522 | ||
Bell Telephone Co. of Canada or Bell Canada | 4.464% | 4/1/48 | 1,831 | 2,280 | ||
Bell Telephone Co. of Canada or Bell Canada | 4.300% | 7/29/49 | 2,212 | 2,680 | ||
2 | Bell Telephone Co. of Canada or Bell Canada | 3.650% | 3/17/51 | 475 | 525 | |
2 | Bell Telephone Co. of Canada or Bell Canada | 3.200% | 2/15/52 | 500 | 516 | |
Charter Communications Operating LLC | 2.300% | 2/1/32 | 2,720 | 2,653 | ||
Charter Communications Operating LLC | 6.384% | 10/23/35 | 4,937 | 6,594 | ||
Charter Communications Operating LLC | 5.375% | 4/1/38 | 1,510 | 1,866 | ||
Charter Communications Operating LLC | 3.500% | 6/1/41 | 3,802 | 3,843 | ||
Charter Communications Operating LLC | 6.484% | 10/23/45 | 6,656 | 9,289 | ||
Charter Communications Operating LLC | 5.375% | 5/1/47 | 5,405 | 6,648 | ||
Charter Communications Operating LLC | 5.750% | 4/1/48 | 5,755 | 7,437 | ||
Charter Communications Operating LLC | 5.125% | 7/1/49 | 3,359 | 4,049 | ||
Charter Communications Operating LLC | 4.800% | 3/1/50 | 6,280 | 7,370 | ||
Charter Communications Operating LLC | 3.700% | 4/1/51 | 4,717 | 4,741 | ||
Charter Communications Operating LLC | 3.900% | 6/1/52 | 5,685 | 5,874 | ||
Charter Communications Operating LLC | 6.834% | 10/23/55 | 1,568 | 2,338 | ||
Charter Communications Operating LLC | 3.850% | 4/1/61 | 4,110 | 4,079 | ||
Charter Communications Operating LLC | 4.400% | 12/1/61 | 3,905 | 4,273 | ||
Comcast Corp. | 4.250% | 1/15/33 | 3,019 | 3,612 | ||
Comcast Corp. | 7.050% | 3/15/33 | 1,045 | 1,533 | ||
Comcast Corp. | 4.200% | 8/15/34 | 3,625 | 4,314 | ||
Comcast Corp. | 5.650% | 6/15/35 | 1,740 | 2,365 | ||
Comcast Corp. | 4.400% | 8/15/35 | 1,443 | 1,755 | ||
Comcast Corp. | 6.500% | 11/15/35 | 453 | 661 | ||
Comcast Corp. | 3.200% | 7/15/36 | 2,281 | 2,486 | ||
Comcast Corp. | 6.450% | 3/15/37 | 1,254 | 1,857 | ||
Comcast Corp. | 3.900% | 3/1/38 | 3,141 | 3,660 | ||
Comcast Corp. | 4.600% | 10/15/38 | 5,912 | 7,414 | ||
Comcast Corp. | 6.550% | 7/1/39 | 100 | 154 | ||
Comcast Corp. | 3.250% | 11/1/39 | 3,205 | 3,483 | ||
Comcast Corp. | 3.750% | 4/1/40 | 2,685 | 3,086 | ||
Comcast Corp. | 4.650% | 7/15/42 | 3,474 | 4,408 | ||
Comcast Corp. | 4.600% | 8/15/45 | 2,736 | 3,509 | ||
Comcast Corp. | 3.400% | 7/15/46 | 2,036 | 2,221 | ||
Comcast Corp. | 4.000% | 8/15/47 | 3,729 | 4,410 | ||
Comcast Corp. | 3.969% | 11/1/47 | 6,153 | 7,244 | ||
Comcast Corp. | 4.000% | 3/1/48 | 1,679 | 1,990 | ||
Comcast Corp. | 4.700% | 10/15/48 | 4,541 | 5,986 | ||
Comcast Corp. | 3.999% | 11/1/49 | 3,393 | 4,041 | ||
Comcast Corp. | 3.450% | 2/1/50 | 3,543 | 3,888 | ||
Comcast Corp. | 2.800% | 1/15/51 | 2,217 | 2,179 | ||
1 | Comcast Corp. | 2.887% | 11/1/51 | 9,665 | 9,621 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Comcast Corp. | 2.450% | 8/15/52 | 5,070 | 4,671 | ||
Comcast Corp. | 4.049% | 11/1/52 | 5,046 | 6,073 | ||
1 | Comcast Corp. | 2.937% | 11/1/56 | 13,961 | 13,827 | |
Comcast Corp. | 4.950% | 10/15/58 | 2,591 | 3,708 | ||
Comcast Corp. | 2.650% | 8/15/62 | 2,695 | 2,500 | ||
1 | Comcast Corp. | 2.987% | 11/1/63 | 3,870 | 3,812 | |
Deutsche Telekom International Finance BV | 9.250% | 6/1/32 | 1,477 | 2,426 | ||
Discovery Communications LLC | 5.000% | 9/20/37 | 947 | 1,159 | ||
Discovery Communications LLC | 6.350% | 6/1/40 | 769 | 1,067 | ||
Discovery Communications LLC | 4.875% | 4/1/43 | 1,548 | 1,867 | ||
Discovery Communications LLC | 5.200% | 9/20/47 | 3,374 | 4,245 | ||
Discovery Communications LLC | 5.300% | 5/15/49 | 1,687 | 2,154 | ||
Discovery Communications LLC | 4.650% | 5/15/50 | 2,614 | 3,096 | ||
Discovery Communications LLC | 4.000% | 9/15/55 | 4,736 | 5,080 | ||
Electronic Arts Inc. | 2.950% | 2/15/51 | 1,035 | 1,023 | ||
Fox Corp. | 5.476% | 1/25/39 | 3,848 | 4,996 | ||
Fox Corp. | 5.576% | 1/25/49 | 3,217 | 4,423 | ||
Grupo Televisa SAB | 6.625% | 1/15/40 | 1,935 | 2,785 | ||
Grupo Televisa SAB | 5.000% | 5/13/45 | 2,234 | 2,771 | ||
Grupo Televisa SAB | 6.125% | 1/31/46 | 1,225 | 1,748 | ||
Grupo Televisa SAB | 5.250% | 5/24/49 | 1,875 | 2,480 | ||
Interpublic Group of Cos. Inc. | 3.375% | 3/1/41 | 1,220 | 1,282 | ||
Interpublic Group of Cos. Inc. | 5.400% | 10/1/48 | 1,296 | 1,767 | ||
NBCUniversal Media LLC | 4.450% | 1/15/43 | 3,211 | 4,001 | ||
Orange SA | 5.375% | 1/13/42 | 2,156 | 2,941 | ||
Orange SA | 5.500% | 2/6/44 | 1,252 | 1,756 | ||
Rogers Communications Inc. | 7.500% | 8/15/38 | 593 | 920 | ||
Rogers Communications Inc. | 4.500% | 3/15/43 | 1,599 | 1,878 | ||
Rogers Communications Inc. | 5.450% | 10/1/43 | 558 | 740 | ||
Rogers Communications Inc. | 5.000% | 3/15/44 | 894 | 1,123 | ||
Rogers Communications Inc. | 4.300% | 2/15/48 | 1,500 | 1,728 | ||
Rogers Communications Inc. | 4.350% | 5/1/49 | 3,960 | 4,635 | ||
Rogers Communications Inc. | 3.700% | 11/15/49 | 3,294 | 3,510 | ||
Telefonica Emisiones SA | 7.045% | 6/20/36 | 4,859 | 7,062 | ||
Telefonica Emisiones SA | 4.665% | 3/6/38 | 2,070 | 2,457 | ||
Telefonica Emisiones SA | 5.213% | 3/8/47 | 5,068 | 6,387 | ||
Telefonica Emisiones SA | 4.895% | 3/6/48 | 2,817 | 3,427 | ||
Telefonica Emisiones SA | 5.520% | 3/1/49 | 2,910 | 3,835 | ||
TELUS Corp. | 4.600% | 11/16/48 | 1,187 | 1,530 | ||
TELUS Corp. | 4.300% | 6/15/49 | 832 | 1,015 | ||
Thomson Reuters Corp. | 5.500% | 8/15/35 | 1,235 | 1,637 | ||
Thomson Reuters Corp. | 5.850% | 4/15/40 | 502 | 703 | ||
Thomson Reuters Corp. | 5.650% | 11/23/43 | 1,085 | 1,506 | ||
Time Warner Cable LLC | 6.550% | 5/1/37 | 4,534 | 6,195 | ||
Time Warner Cable LLC | 7.300% | 7/1/38 | 2,473 | 3,605 | ||
Time Warner Cable LLC | 6.750% | 6/15/39 | 3,865 | ��� 5,401 | ||
Time Warner Cable LLC | 5.875% | 11/15/40 | 2,908 | 3,746 | ||
Time Warner Cable LLC | 5.500% | 9/1/41 | 2,583 | 3,235 | ||
Time Warner Cable LLC | 4.500% | 9/15/42 | 2,930 | 3,288 | ||
Time Warner Entertainment Co. LP | 8.375% | 7/15/33 | 2,545 | 3,800 | ||
T-Mobile USA Inc. | 2.250% | 11/15/31 | 1,955 | 1,945 | ||
T-Mobile USA Inc. | 4.375% | 4/15/40 | 5,202 | 6,088 | ||
T-Mobile USA Inc. | 3.000% | 2/15/41 | 5,435 | 5,389 | ||
T-Mobile USA Inc. | 4.500% | 4/15/50 | 6,210 | 7,456 | ||
T-Mobile USA Inc. | 3.300% | 2/15/51 | 6,920 | 6,943 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | T-Mobile USA Inc. | 3.400% | 10/15/52 | 3,000 | 3,044 | |
1 | T-Mobile USA Inc. | 3.600% | 11/15/60 | 4,770 | 4,898 | |
2 | TWDC Enterprises 18 Corp. | 7.000% | 3/1/32 | 1,468 | 2,122 | |
TWDC Enterprises 18 Corp. | 4.375% | 8/16/41 | 870 | 1,081 | ||
2 | TWDC Enterprises 18 Corp. | 4.125% | 12/1/41 | 991 | 1,202 | |
2 | TWDC Enterprises 18 Corp. | 3.700% | 12/1/42 | 1,880 | 2,159 | |
2 | TWDC Enterprises 18 Corp. | 4.125% | 6/1/44 | 1,535 | 1,871 | |
2 | TWDC Enterprises 18 Corp. | 3.000% | 7/30/46 | 794 | 825 | |
Verizon Communications Inc. | 4.500% | 8/10/33 | 6,664 | 8,067 | ||
Verizon Communications Inc. | 6.400% | 9/15/33 | 355 | 491 | ||
Verizon Communications Inc. | 4.400% | 11/1/34 | 5,770 | 6,955 | ||
Verizon Communications Inc. | 4.272% | 1/15/36 | 7,530 | 8,990 | ||
Verizon Communications Inc. | 5.250% | 3/16/37 | 3,710 | 4,913 | ||
Verizon Communications Inc. | 4.812% | 3/15/39 | 4,142 | 5,261 | ||
Verizon Communications Inc. | 2.650% | 11/20/40 | 7,286 | 7,057 | ||
Verizon Communications Inc. | 3.400% | 3/22/41 | 9,275 | 9,933 | ||
Verizon Communications Inc. | 6.550% | 9/15/43 | 185 | 295 | ||
Verizon Communications Inc. | 4.125% | 8/15/46 | 4,275 | 5,020 | ||
Verizon Communications Inc. | 4.862% | 8/21/46 | 10,218 | 13,323 | ||
Verizon Communications Inc. | 5.500% | 3/16/47 | 113 | 160 | ||
Verizon Communications Inc. | 4.522% | 9/15/48 | 8,314 | 10,474 | ||
Verizon Communications Inc. | 5.012% | 4/15/49 | 2,518 | 3,366 | ||
Verizon Communications Inc. | 4.000% | 3/22/50 | 2,484 | 2,886 | ||
Verizon Communications Inc. | 2.875% | 11/20/50 | 6,547 | 6,296 | ||
Verizon Communications Inc. | 3.550% | 3/22/51 | 10,250 | 11,139 | ||
Verizon Communications Inc. | 4.672% | 3/15/55 | 5,525 | 7,182 | ||
Verizon Communications Inc. | 2.987% | 10/30/56 | 10,146 | 9,787 | ||
Verizon Communications Inc. | 3.000% | 11/20/60 | 4,295 | 4,131 | ||
Verizon Communications Inc. | 3.700% | 3/22/61 | 9,570 | 10,518 | ||
ViacomCBS Inc. | 4.200% | 5/19/32 | 3,325 | 3,845 | ||
ViacomCBS Inc. | 5.500% | 5/15/33 | 855 | 1,098 | ||
ViacomCBS Inc. | 6.875% | 4/30/36 | 2,583 | 3,728 | ||
ViacomCBS Inc. | 5.900% | 10/15/40 | 1,122 | 1,501 | ||
ViacomCBS Inc. | 4.850% | 7/1/42 | 2,233 | 2,741 | ||
ViacomCBS Inc. | 4.375% | 3/15/43 | 2,718 | 3,181 | ||
ViacomCBS Inc. | 5.850% | 9/1/43 | 3,036 | 4,208 | ||
ViacomCBS Inc. | 5.250% | 4/1/44 | 467 | 601 | ||
ViacomCBS Inc. | 4.900% | 8/15/44 | 1,249 | 1,539 | ||
ViacomCBS Inc. | 4.600% | 1/15/45 | 1,426 | 1,717 | ||
ViacomCBS Inc. | 4.950% | 5/19/50 | 1,850 | 2,352 | ||
Vodafone Group plc | 6.250% | 11/30/32 | 659 | 895 | ||
Vodafone Group plc | 6.150% | 2/27/37 | 3,132 | 4,378 | ||
Vodafone Group plc | 5.000% | 5/30/38 | 3,079 | 3,924 | ||
Vodafone Group plc | 4.375% | 2/19/43 | 2,387 | 2,836 | ||
Vodafone Group plc | 5.250% | 5/30/48 | 7,549 | 10,051 | ||
Vodafone Group plc | 4.875% | 6/19/49 | 4,325 | 5,547 | ||
Vodafone Group plc | 4.250% | 9/17/50 | 2,699 | 3,191 | ||
Vodafone Group plc | 5.125% | 6/19/59 | 1,395 | 1,867 | ||
Walt Disney Co. | 6.550% | 3/15/33 | 1,413 | 2,027 | ||
Walt Disney Co. | 6.200% | 12/15/34 | 3,023 | 4,282 | ||
Walt Disney Co. | 6.400% | 12/15/35 | 2,177 | 3,213 | ||
Walt Disney Co. | 6.150% | 3/1/37 | 1,067 | 1,532 | ||
Walt Disney Co. | 6.650% | 11/15/37 | 3,182 | 4,855 | ||
Walt Disney Co. | 4.625% | 3/23/40 | 1,695 | 2,166 | ||
Walt Disney Co. | 3.500% | 5/13/40 | 3,220 | 3,619 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Walt Disney Co. | 6.150% | 2/15/41 | 470 | 700 | ||
Walt Disney Co. | 5.400% | 10/1/43 | 1,506 | 2,120 | ||
Walt Disney Co. | 4.750% | 9/15/44 | 2,279 | 2,991 | ||
Walt Disney Co. | 4.950% | 10/15/45 | 1,090 | 1,471 | ||
Walt Disney Co. | 7.750% | 12/1/45 | 325 | 583 | ||
Walt Disney Co. | 4.750% | 11/15/46 | 2,286 | 3,030 | ||
Walt Disney Co. | 2.750% | 9/1/49 | 3,679 | 3,661 | ||
Walt Disney Co. | 4.700% | 3/23/50 | 3,685 | 4,938 | ||
Walt Disney Co. | 3.600% | 1/13/51 | 5,515 | 6,376 | ||
Walt Disney Co. | 3.800% | 5/13/60 | 3,503 | 4,184 | ||
826,783 | ||||||
Consumer Discretionary (5.5%) | ||||||
Alibaba Group Holding Ltd. | 4.500% | 11/28/34 | 856 | 1,009 | ||
Alibaba Group Holding Ltd. | 4.000% | 12/6/37 | 2,913 | 3,258 | ||
Alibaba Group Holding Ltd. | 2.700% | 2/9/41 | 100 | 95 | ||
Alibaba Group Holding Ltd. | 4.200% | 12/6/47 | 5,720 | 6,619 | ||
Alibaba Group Holding Ltd. | 3.150% | 2/9/51 | 3,690 | 3,613 | ||
Alibaba Group Holding Ltd. | 4.400% | 12/6/57 | 2,535 | 3,023 | ||
Alibaba Group Holding Ltd. | 3.250% | 2/9/61 | 1,470 | 1,423 | ||
Amazon.com Inc. | 4.800% | 12/5/34 | 2,101 | 2,721 | ||
Amazon.com Inc. | 3.875% | 8/22/37 | 7,079 | 8,449 | ||
Amazon.com Inc. | 2.875% | 5/12/41 | 4,100 | 4,300 | ||
Amazon.com Inc. | 4.950% | 12/5/44 | 3,951 | 5,440 | ||
Amazon.com Inc. | 4.050% | 8/22/47 | 10,209 | 12,609 | ||
Amazon.com Inc. | 2.500% | 6/3/50 | 3,362 | 3,230 | ||
Amazon.com Inc. | 3.100% | 5/12/51 | 7,775 | 8,380 | ||
Amazon.com Inc. | 4.250% | 8/22/57 | 5,505 | 7,165 | ||
Amazon.com Inc. | 2.700% | 6/3/60 | 4,126 | 4,002 | ||
Amazon.com Inc. | 3.250% | 5/12/61 | 4,055 | 4,422 | ||
2 | American University | 3.672% | 4/1/49 | 1,161 | 1,351 | |
Aptiv plc | 4.400% | 10/1/46 | 315 | 378 | ||
Aptiv plc | 5.400% | 3/15/49 | 270 | 377 | ||
BorgWarner Inc. | 4.375% | 3/15/45 | 443 | 528 | ||
2 | Brown University in Providence in the State of Rhode Island & Providence Plant | 2.924% | 9/1/50 | 1,380 | 1,509 | |
2 | California Endowment | 2.498% | 4/1/51 | 865 | 853 | |
California Institute of Technology | 4.321% | 8/1/45 | 745 | 980 | ||
California Institute of Technology | 4.700% | 11/1/11 | 928 | 1,371 | ||
California Institute of Technology | 3.650% | 9/1/19 | 1,145 | 1,359 | ||
Cleveland Clinic Foundation | 4.858% | 1/1/14 | 903 | 1,334 | ||
Darden Restaurants Inc. | 4.550% | 2/15/48 | 665 | 780 | ||
2 | Duke University | 2.682% | 10/1/44 | 1,165 | 1,207 | |
2 | Duke University | 2.832% | 10/1/55 | 1,685 | 1,767 | |
eBay Inc. | 4.000% | 7/15/42 | 1,807 | 2,058 | ||
eBay Inc. | 3.650% | 5/10/51 | 2,280 | 2,489 | ||
2 | Emory University | 2.969% | 9/1/50 | 1,287 | 1,386 | |
2 | Ford Foundation | 2.415% | 6/1/50 | 250 | 246 | |
2 | Ford Foundation | 2.815% | 6/1/70 | 1,829 | 1,882 | |
General Motors Co. | 5.000% | 4/1/35 | 918 | 1,105 | ||
General Motors Co. | 6.600% | 4/1/36 | 3,151 | 4,311 | ||
General Motors Co. | 5.150% | 4/1/38 | 2,409 | 2,918 | ||
General Motors Co. | 6.250% | 10/2/43 | 2,618 | 3,583 | ||
General Motors Co. | 5.200% | 4/1/45 | 2,905 | 3,595 | ||
General Motors Co. | 6.750% | 4/1/46 | 2,465 | 3,569 | ||
General Motors Co. | 5.400% | 4/1/48 | 2,066 | 2,621 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
General Motors Co. | 5.950% | 4/1/49 | 2,810 | 3,825 | ||
2 | George Washington University | 4.300% | 9/15/44 | 780 | 1,005 | |
George Washington University | 4.868% | 9/15/45 | 645 | 891 | ||
2 | George Washington University | 4.126% | 9/15/48 | 1,416 | 1,787 | |
2 | Georgetown University | 4.315% | 4/1/49 | 587 | 744 | |
2 | Georgetown University | 2.943% | 4/1/50 | 705 | 725 | |
2 | Georgetown University | 5.215% | 10/1/18 | 811 | 1,226 | |
Harley-Davidson Inc. | 4.625% | 7/28/45 | 1,008 | 1,096 | ||
Hasbro Inc. | 6.350% | 3/15/40 | 733 | 1,027 | ||
Hasbro Inc. | 5.100% | 5/15/44 | 1,158 | 1,421 | ||
Home Depot Inc. | 5.875% | 12/16/36 | 7,140 | 10,244 | ||
Home Depot Inc. | 3.300% | 4/15/40 | 2,828 | 3,136 | ||
Home Depot Inc. | 5.400% | 9/15/40 | 1,915 | 2,661 | ||
Home Depot Inc. | 5.950% | 4/1/41 | 2,937 | 4,317 | ||
Home Depot Inc. | 4.200% | 4/1/43 | 642 | 793 | ||
Home Depot Inc. | 4.875% | 2/15/44 | 2,605 | 3,511 | ||
Home Depot Inc. | 4.400% | 3/15/45 | 975 | 1,246 | ||
Home Depot Inc. | 4.250% | 4/1/46 | 4,449 | 5,603 | ||
Home Depot Inc. | 3.900% | 6/15/47 | 2,961 | 3,558 | ||
Home Depot Inc. | 4.500% | 12/6/48 | 2,951 | 3,878 | ||
Home Depot Inc. | 3.125% | 12/15/49 | 3,212 | 3,443 | ||
Home Depot Inc. | 3.350% | 4/15/50 | 3,192 | 3,557 | ||
Home Depot Inc. | 2.375% | 3/15/51 | 2,005 | 1,878 | ||
Home Depot Inc. | 3.500% | 9/15/56 | 2,274 | 2,596 | ||
JD.com Inc. | 4.125% | 1/14/50 | 495 | 539 | ||
2 | Johns Hopkins University | 4.083% | 7/1/53 | 847 | 1,112 | |
2 | Johns Hopkins University | 2.813% | 1/1/60 | 865 | 904 | |
Kohl's Corp. | 5.550% | 7/17/45 | 1,025 | 1,273 | ||
Lear Corp. | 5.250% | 5/15/49 | 1,515 | 1,930 | ||
Leland Stanford Junior University | 3.647% | 5/1/48 | 1,529 | 1,897 | ||
Leland Stanford Junior University | 2.413% | 6/1/50 | 1,184 | 1,187 | ||
Lowe's Cos. Inc. | 5.500% | 10/15/35 | 375 | 496 | ||
Lowe's Cos. Inc. | 5.000% | 4/15/40 | 2,839 | 3,683 | ||
Lowe's Cos. Inc. | 4.650% | 4/15/42 | 565 | 708 | ||
Lowe's Cos. Inc. | 4.250% | 9/15/44 | 347 | 401 | ||
Lowe's Cos. Inc. | 4.375% | 9/15/45 | 300 | 364 | ||
Lowe's Cos. Inc. | 3.700% | 4/15/46 | 1,600 | 1,785 | ||
Lowe's Cos. Inc. | 4.050% | 5/3/47 | 3,544 | 4,142 | ||
Lowe's Cos. Inc. | 4.550% | 4/5/49 | 2,265 | 2,854 | ||
Lowe's Cos. Inc. | 5.125% | 4/15/50 | 479 | 657 | ||
Lowe's Cos. Inc. | 3.000% | 10/15/50 | 4,553 | 4,561 | ||
Lowe's Cos. Inc. | 3.500% | 4/1/51 | 1,845 | 2,010 | ||
2 | Marriott International Inc. | 3.500% | 10/15/32 | 2,652 | 2,833 | |
Masco Corp. | 4.500% | 5/15/47 | 878 | 1,074 | ||
Masco Corp. | 3.125% | 2/15/51 | 750 | 754 | ||
2 | Massachusetts Institute of Technology | 3.959% | 7/1/38 | 1,085 | 1,312 | |
2 | Massachusetts Institute of Technology | 2.989% | 7/1/50 | 965 | 1,072 | |
2 | Massachusetts Institute of Technology | 2.294% | 7/1/51 | 642 | 621 | |
Massachusetts Institute of Technology | 5.600% | 7/1/11 | 1,286 | 2,294 | ||
Massachusetts Institute of Technology | 4.678% | 7/1/14 | 1,545 | 2,344 | ||
Massachusetts Institute of Technology | 3.885% | 7/1/16 | 1,295 | 1,647 | ||
2 | McDonald's Corp. | 4.700% | 12/9/35 | 3,090 | 3,868 | |
2 | McDonald's Corp. | 6.300% | 10/15/37 | 1,874 | 2,705 | |
2 | McDonald's Corp. | 6.300% | 3/1/38 | 1,135 | 1,648 | |
2 | McDonald's Corp. | 5.700% | 2/1/39 | 1,614 | 2,231 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
2 | McDonald's Corp. | 4.875% | 7/15/40 | 755 | 970 | |
2 | McDonald's Corp. | 3.700% | 2/15/42 | 2,167 | 2,443 | |
2 | McDonald's Corp. | 3.625% | 5/1/43 | 1,715 | 1,927 | |
2 | McDonald's Corp. | 4.600% | 5/26/45 | 576 | 729 | |
2 | McDonald's Corp. | 4.875% | 12/9/45 | 1,732 | 2,279 | |
2 | McDonald's Corp. | 4.450% | 3/1/47 | 780 | 972 | |
2 | McDonald's Corp. | 4.450% | 9/1/48 | 1,356 | 1,701 | |
2 | McDonald's Corp. | 3.625% | 9/1/49 | 5,054 | 5,683 | |
2 | McDonald's Corp. | 4.200% | 4/1/50 | 2,038 | 2,503 | |
MDC Holdings Inc. | 6.000% | 1/15/43 | 1,115 | 1,438 | ||
NIKE Inc. | 3.250% | 3/27/40 | 2,430 | 2,709 | ||
NIKE Inc. | 3.625% | 5/1/43 | 579 | 686 | ||
NIKE Inc. | 3.875% | 11/1/45 | 1,454 | 1,780 | ||
NIKE Inc. | 3.375% | 11/1/46 | 516 | 588 | ||
NIKE Inc. | 3.375% | 3/27/50 | 4,745 | 5,454 | ||
Nordstrom Inc. | 5.000% | 1/15/44 | 1,535 | 1,524 | ||
2 | Northeastern University | 2.894% | 10/1/50 | 660 | 685 | |
2 | Northwestern University | 4.643% | 12/1/44 | 720 | 957 | |
2 | Northwestern University | 2.640% | 12/1/50 | 770 | 786 | |
2 | Northwestern University | 3.662% | 12/1/57 | 1,182 | 1,490 | |
Owens Corning | 7.000% | 12/1/36 | 222 | 325 | ||
Owens Corning | 4.300% | 7/15/47 | 2,144 | 2,531 | ||
Owens Corning | 4.400% | 1/30/48 | 978 | 1,173 | ||
President & Fellows of Harvard College | 4.875% | 10/15/40 | 673 | 934 | ||
President & Fellows of Harvard College | 3.150% | 7/15/46 | 1,326 | 1,503 | ||
President & Fellows of Harvard College | 2.517% | 10/15/50 | 1,515 | 1,539 | ||
President & Fellows of Harvard College | 3.300% | 7/15/56 | 369 | 436 | ||
PulteGroup Inc. | 7.875% | 6/15/32 | 1,009 | 1,472 | ||
PulteGroup Inc. | 6.375% | 5/15/33 | 965 | 1,291 | ||
PulteGroup Inc. | 6.000% | 2/15/35 | 400 | 528 | ||
2 | Rockefeller Foundation | 2.492% | 10/1/50 | 2,000 | 1,997 | |
Snap-on Inc. | 4.100% | 3/1/48 | 335 | 418 | ||
Snap-on Inc. | 3.100% | 5/1/50 | 1,205 | 1,300 | ||
Stanley Black & Decker Inc. | 5.200% | 9/1/40 | 585 | 787 | ||
Stanley Black & Decker Inc. | 4.850% | 11/15/48 | 1,190 | 1,622 | ||
Stanley Black & Decker Inc. | 2.750% | 11/15/50 | 2,707 | 2,680 | ||
Starbucks Corp. | 4.300% | 6/15/45 | 1,002 | 1,212 | ||
Starbucks Corp. | 3.750% | 12/1/47 | 1,724 | 1,943 | ||
Starbucks Corp. | 4.500% | 11/15/48 | 2,875 | 3,644 | ||
Starbucks Corp. | 4.450% | 8/15/49 | 1,691 | 2,131 | ||
Starbucks Corp. | 3.350% | 3/12/50 | 540 | 578 | ||
Starbucks Corp. | 3.500% | 11/15/50 | 3,265 | 3,577 | ||
TJX Cos. Inc. | 4.500% | 4/15/50 | 1,647 | 2,207 | ||
2 | Trustees of Boston College | 3.129% | 7/1/52 | 752 | 819 | |
2 | Trustees of Boston University | 4.061% | 10/1/48 | 995 | 1,250 | |
Trustees of Princeton University | 5.700% | 3/1/39 | 1,200 | 1,788 | ||
2 | Trustees of Princeton University | 2.516% | 7/1/50 | 1,180 | 1,203 | |
2 | Trustees of the University of Pennsylvania | 2.396% | 10/1/50 | 1,105 | 1,084 | |
Trustees of the University of Pennsylvania | 4.674% | 9/1/12 | 400 | 585 | ||
Trustees of the University of Pennsylvania | 3.610% | 2/15/19 | 717 | 848 | ||
2 | University of Chicago | 2.547% | 4/1/50 | 1,275 | 1,233 | |
University of Chicago | 3.000% | 10/1/52 | 750 | 809 | ||
2 | University of Chicago | 4.003% | 10/1/53 | 1,160 | 1,483 | |
2 | University of Notre Dame du Lac | 3.438% | 2/15/45 | 1,082 | 1,294 | |
2 | University of Notre Dame du Lac | 3.394% | 2/15/48 | 744 | 871 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
2 | University of Southern California | 3.028% | 10/1/39 | 1,616 | 1,753 | |
2 | University of Southern California | 3.841% | 10/1/47 | 585 | 723 | |
University of Southern California | 2.805% | 10/1/50 | 495 | 519 | ||
2 | University of Southern California | 2.945% | 10/1/51 | 1,190 | 1,272 | |
University of Southern California | 5.250% | 10/1/11 | 818 | 1,313 | ||
2 | University of Southern California | 3.226% | 10/1/20 | 970 | 1,007 | |
Whirlpool Corp. | 4.500% | 6/1/46 | 1,094 | 1,338 | ||
Whirlpool Corp. | 4.600% | 5/15/50 | 1,185 | 1,496 | ||
2 | William Marsh Rice University | 3.574% | 5/15/45 | 1,232 | 1,438 | |
2 | William Marsh Rice University | 3.774% | 5/15/55 | 358 | 456 | |
2 | Yale University | 2.402% | 4/15/50 | 850 | 840 | |
340,943 | ||||||
Consumer Staples (7.8%) | ||||||
Altria Group Inc. | 2.450% | 2/4/32 | 4,010 | 3,917 | ||
Altria Group Inc. | 5.800% | 2/14/39 | 2,645 | 3,311 | ||
Altria Group Inc. | 3.400% | 2/4/41 | 3,225 | 3,103 | ||
Altria Group Inc. | 4.250% | 8/9/42 | 2,776 | 2,936 | ||
Altria Group Inc. | 4.500% | 5/2/43 | 3,308 | 3,621 | ||
Altria Group Inc. | 5.375% | 1/31/44 | 2,350 | 2,833 | ||
Altria Group Inc. | 3.875% | 9/16/46 | 4,410 | 4,450 | ||
Altria Group Inc. | 5.950% | 2/14/49 | 3,698 | 4,814 | ||
Altria Group Inc. | 4.450% | 5/6/50 | 1,297 | 1,415 | ||
Altria Group Inc. | 3.700% | 2/4/51 | 3,100 | 3,010 | ||
Altria Group Inc. | 6.200% | 2/14/59 | 410 | 538 | ||
Altria Group Inc. | 4.000% | 2/4/61 | 3,750 | 3,683 | ||
2 | Anheuser-Busch Cos. LLC | 4.700% | 2/1/36 | 11,065 | 13,633 | |
2 | Anheuser-Busch Cos. LLC | 4.900% | 2/1/46 | 21,585 | 27,586 | |
Anheuser-Busch InBev Finance Inc. | 4.700% | 2/1/36 | 2,583 | 3,172 | ||
Anheuser-Busch InBev Finance Inc. | 4.000% | 1/17/43 | 1,839 | 2,087 | ||
Anheuser-Busch InBev Finance Inc. | 4.625% | 2/1/44 | 3,007 | 3,672 | ||
Anheuser-Busch InBev Finance Inc. | 4.900% | 2/1/46 | 5,030 | 6,375 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.875% | 6/15/35 | 1,090 | 1,456 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.375% | 4/15/38 | 3,442 | 4,115 | ||
Anheuser-Busch InBev Worldwide Inc. | 8.200% | 1/15/39 | 2,577 | 4,329 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.450% | 1/23/39 | 3,309 | 4,369 | ||
Anheuser-Busch InBev Worldwide Inc. | 8.000% | 11/15/39 | 2,862 | 4,723 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.350% | 6/1/40 | 2,470 | 2,965 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.950% | 1/15/42 | 1,650 | 2,090 | ||
Anheuser-Busch InBev Worldwide Inc. | 3.750% | 7/15/42 | 3,951 | 4,344 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.600% | 4/15/48 | 6,510 | 8,036 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.439% | 10/6/48 | 5,017 | 6,058 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.550% | 1/23/49 | 7,005 | 9,757 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.500% | 6/1/50 | 1,831 | 2,271 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.750% | 4/15/58 | 3,270 | 4,159 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.800% | 1/23/59 | 5,047 | 7,483 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.600% | 6/1/60 | 2,087 | 2,606 | ||
Archer-Daniels-Midland Co. | 5.935% | 10/1/32 | 640 | 875 | ||
Archer-Daniels-Midland Co. | 5.375% | 9/15/35 | 410 | 561 | ||
Archer-Daniels-Midland Co. | 3.750% | 9/15/47 | 1,432 | 1,736 | ||
Archer-Daniels-Midland Co. | 4.500% | 3/15/49 | 2,968 | 3,989 | ||
BAT Capital Corp. | 4.390% | 8/15/37 | 3,271 | 3,559 | ||
BAT Capital Corp. | 3.734% | 9/25/40 | 1,690 | 1,678 | ||
BAT Capital Corp. | 4.540% | 8/15/47 | 4,517 | 4,843 | ||
BAT Capital Corp. | 4.758% | 9/6/49 | 2,075 | 2,287 | ||
BAT Capital Corp. | 5.282% | 4/2/50 | 1,224 | 1,444 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
BAT Capital Corp. | 3.984% | 9/25/50 | 2,991 | 2,962 | ||
Brown-Forman Corp. | 4.000% | 4/15/38 | 1,013 | 1,209 | ||
Brown-Forman Corp. | 4.500% | 7/15/45 | 471 | 615 | ||
Campbell Soup Co. | 4.800% | 3/15/48 | 996 | 1,261 | ||
Campbell Soup Co. | 3.125% | 4/24/50 | 1,195 | 1,189 | ||
Church & Dwight Co. Inc. | 3.950% | 8/1/47 | 1,063 | 1,277 | ||
Coca-Cola Co. | 2.250% | 1/5/32 | 3,434 | 3,554 | ||
Coca-Cola Co. | 2.500% | 6/1/40 | 1,835 | 1,841 | ||
Coca-Cola Co. | 2.875% | 5/5/41 | 1,900 | 1,997 | ||
Coca-Cola Co. | 4.200% | 3/25/50 | 517 | 660 | ||
Coca-Cola Co. | 2.600% | 6/1/50 | 3,585 | 3,553 | ||
Coca-Cola Co. | 3.000% | 3/5/51 | 2,375 | 2,533 | ||
Coca-Cola Co. | 2.500% | 3/15/51 | 8,045 | 7,797 | ||
Coca-Cola Co. | 2.750% | 6/1/60 | 1,220 | 1,227 | ||
Coca-Cola Femsa SAB de CV | 1.850% | 9/1/32 | 921 | 891 | ||
Coca-Cola Femsa SAB de CV | 5.250% | 11/26/43 | 1,244 | 1,690 | ||
2 | Colgate-Palmolive Co. | 4.000% | 8/15/45 | 973 | 1,247 | |
2 | Colgate-Palmolive Co. | 3.700% | 8/1/47 | 879 | 1,089 | |
Conagra Brands Inc. | 5.300% | 11/1/38 | 2,332 | 3,016 | ||
Conagra Brands Inc. | 5.400% | 11/1/48 | 2,159 | 2,943 | ||
Constellation Brands Inc. | 4.500% | 5/9/47 | 1,857 | 2,259 | ||
Constellation Brands Inc. | 4.100% | 2/15/48 | 1,166 | 1,347 | ||
Constellation Brands Inc. | 5.250% | 11/15/48 | 1,638 | 2,219 | ||
Constellation Brands Inc. | 3.750% | 5/1/50 | 1,355 | 1,515 | ||
Costco Wholesale Corp. | 1.750% | 4/20/32 | 3,639 | 3,627 | ||
Delhaize America LLC | 9.000% | 4/15/31 | 210 | 325 | ||
Diageo Capital plc | 2.125% | 4/29/32 | 2,561 | 2,586 | ||
Diageo Capital plc | 5.875% | 9/30/36 | 1,870 | 2,676 | ||
Diageo Capital plc | 3.875% | 4/29/43 | 709 | 849 | ||
Diageo Investment Corp. | 7.450% | 4/15/35 | 1,007 | 1,589 | ||
Diageo Investment Corp. | 4.250% | 5/11/42 | 545 | 674 | ||
Dollar General Corp. | 4.125% | 4/3/50 | 1,842 | 2,205 | ||
Estee Lauder Cos. Inc. | 6.000% | 5/15/37 | 1,952 | 2,824 | ||
Estee Lauder Cos. Inc. | 4.375% | 6/15/45 | 323 | 413 | ||
Estee Lauder Cos. Inc. | 4.150% | 3/15/47 | 833 | 1,063 | ||
Estee Lauder Cos. Inc. | 3.125% | 12/1/49 | 695 | 770 | ||
Fomento Economico Mexicano SAB de CV | 4.375% | 5/10/43 | 866 | 1,053 | ||
Fomento Economico Mexicano SAB de CV | 3.500% | 1/16/50 | 5,993 | 6,392 | ||
General Mills Inc. | 5.400% | 6/15/40 | 655 | 894 | ||
1 | General Mills Inc. | 3.000% | 2/1/51 | 3,526 | 3,660 | |
Hershey Co. | 3.375% | 8/15/46 | 1,388 | 1,565 | ||
Hershey Co. | 3.125% | 11/15/49 | 601 | 652 | ||
Hormel Foods Corp. | 3.050% | 6/3/51 | 500 | 532 | ||
Ingredion Inc. | 3.900% | 6/1/50 | 560 | 646 | ||
J M Smucker Co. | 4.250% | 3/15/35 | 1,759 | 2,090 | ||
J M Smucker Co. | 4.375% | 3/15/45 | 926 | 1,128 | ||
J M Smucker Co. | 3.550% | 3/15/50 | 781 | 869 | ||
Kellogg Co. | 4.500% | 4/1/46 | 1,001 | 1,249 | ||
Keurig Dr Pepper Inc. | 4.985% | 5/25/38 | 1,952 | 2,493 | ||
Keurig Dr Pepper Inc. | 4.500% | 11/15/45 | 788 | 971 | ||
Keurig Dr Pepper Inc. | 4.420% | 12/15/46 | 1,839 | 2,250 | ||
Keurig Dr Pepper Inc. | 5.085% | 5/25/48 | 720 | 965 | ||
Keurig Dr Pepper Inc. | 3.800% | 5/1/50 | 1,592 | 1,811 | ||
Keurig Dr Pepper Inc. | 3.350% | 3/15/51 | 1,485 | 1,586 | ||
Kimberly-Clark Corp. | 6.625% | 8/1/37 | 1,863 | 2,902 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Kimberly-Clark Corp. | 5.300% | 3/1/41 | 388 | 540 | ||
Kimberly-Clark Corp. | 3.200% | 7/30/46 | 1,590 | 1,758 | ||
Kimberly-Clark Corp. | 3.900% | 5/4/47 | 370 | 455 | ||
Kimberly-Clark Corp. | 2.875% | 2/7/50 | 2,054 | 2,159 | ||
Koninklijke Ahold Delhaize NV | 5.700% | 10/1/40 | 677 | 940 | ||
Kroger Co. | 6.900% | 4/15/38 | 241 | 359 | ||
Kroger Co. | 5.400% | 7/15/40 | 928 | 1,240 | ||
Kroger Co. | 5.000% | 4/15/42 | 1,373 | 1,776 | ||
Kroger Co. | 5.150% | 8/1/43 | 1,661 | 2,187 | ||
Kroger Co. | 3.875% | 10/15/46 | 1,230 | 1,387 | ||
Kroger Co. | 4.650% | 1/15/48 | 1,661 | 2,085 | ||
Kroger Co. | 5.400% | 1/15/49 | 2,473 | 3,440 | ||
Kroger Co. | 3.950% | 1/15/50 | 1,147 | 1,337 | ||
McCormick & Co. Inc. | 4.200% | 8/15/47 | 955 | 1,159 | ||
Mead Johnson Nutrition Co. | 5.900% | 11/1/39 | 795 | 1,151 | ||
Mead Johnson Nutrition Co. | 4.600% | 6/1/44 | 1,431 | 1,888 | ||
Molson Coors Beverage Co. | 5.000% | 5/1/42 | 2,370 | 2,955 | ||
Molson Coors Beverage Co. | 4.200% | 7/15/46 | 4,112 | 4,650 | ||
Mondelez International Inc. | 1.875% | 10/15/32 | 2,060 | 2,013 | ||
Mondelez International Inc. | 2.625% | 9/4/50 | 3,665 | 3,493 | ||
PepsiCo Inc. | 5.500% | 1/15/40 | 1,000 | 1,421 | ||
PepsiCo Inc. | 3.500% | 3/19/40 | 2,589 | 2,967 | ||
PepsiCo Inc. | 4.875% | 11/1/40 | 1,257 | 1,689 | ||
PepsiCo Inc. | 4.000% | 3/5/42 | 1,024 | 1,255 | ||
PepsiCo Inc. | 3.600% | 8/13/42 | 3,960 | 4,617 | ||
PepsiCo Inc. | 4.250% | 10/22/44 | 1,134 | 1,423 | ||
PepsiCo Inc. | 4.600% | 7/17/45 | 1,347 | 1,783 | ||
PepsiCo Inc. | 4.450% | 4/14/46 | 2,146 | 2,803 | ||
PepsiCo Inc. | 3.450% | 10/6/46 | 2,740 | 3,113 | ||
PepsiCo Inc. | 4.000% | 5/2/47 | 1,075 | 1,327 | ||
PepsiCo Inc. | 3.375% | 7/29/49 | 3,641 | 4,127 | ||
PepsiCo Inc. | 2.875% | 10/15/49 | 2,381 | 2,497 | ||
PepsiCo Inc. | 3.625% | 3/19/50 | 3,051 | 3,623 | ||
PepsiCo Inc. | 3.875% | 3/19/60 | 1,264 | 1,588 | ||
Philip Morris International Inc. | 6.375% | 5/16/38 | 3,316 | 4,738 | ||
Philip Morris International Inc. | 4.375% | 11/15/41 | 2,484 | 2,924 | ||
Philip Morris International Inc. | 4.500% | 3/20/42 | 1,865 | 2,223 | ||
Philip Morris International Inc. | 3.875% | 8/21/42 | 1,387 | 1,530 | ||
Philip Morris International Inc. | 4.125% | 3/4/43 | 2,517 | 2,871 | ||
Philip Morris International Inc. | 4.875% | 11/15/43 | 1,851 | 2,324 | ||
Philip Morris International Inc. | 4.250% | 11/10/44 | 1,578 | 1,849 | ||
Procter & Gamble Co. | 5.800% | 8/15/34 | 434 | 623 | ||
Procter & Gamble Co. | 5.550% | 3/5/37 | 475 | 689 | ||
Procter & Gamble Co. | 3.550% | 3/25/40 | 1,350 | 1,609 | ||
Procter & Gamble Co. | 3.500% | 10/25/47 | 1,907 | 2,312 | ||
Procter & Gamble Co. | 3.600% | 3/25/50 | 1,156 | 1,446 | ||
Reynolds American Inc. | 5.700% | 8/15/35 | 2,374 | 2,901 | ||
Reynolds American Inc. | 7.250% | 6/15/37 | 676 | 926 | ||
Reynolds American Inc. | 6.150% | 9/15/43 | 2,947 | 3,730 | ||
Reynolds American Inc. | 5.850% | 8/15/45 | 5,273 | 6,531 | ||
Sysco Corp. | 5.375% | 9/21/35 | 931 | 1,217 | ||
Sysco Corp. | 6.600% | 4/1/40 | 1,567 | 2,333 | ||
Sysco Corp. | 4.850% | 10/1/45 | 511 | 652 | ||
Sysco Corp. | 4.500% | 4/1/46 | 1,461 | 1,777 | ||
Sysco Corp. | 4.450% | 3/15/48 | 1,090 | 1,328 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Sysco Corp. | 6.600% | 4/1/50 | 3,137 | 5,024 | ||
Target Corp. | 6.500% | 10/15/37 | 707 | 1,097 | ||
Target Corp. | 7.000% | 1/15/38 | 910 | 1,477 | ||
Target Corp. | 4.000% | 7/1/42 | 2,035 | 2,559 | ||
Target Corp. | 3.625% | 4/15/46 | 2,418 | 2,907 | ||
Target Corp. | 3.900% | 11/15/47 | 1,990 | 2,513 | ||
Tyson Foods Inc. | 4.875% | 8/15/34 | 834 | 1,044 | ||
Tyson Foods Inc. | 5.150% | 8/15/44 | 1,432 | 1,901 | ||
Tyson Foods Inc. | 4.550% | 6/2/47 | 1,734 | 2,176 | ||
Tyson Foods Inc. | 5.100% | 9/28/48 | 3,138 | 4,291 | ||
Unilever Capital Corp. | 5.900% | 11/15/32 | 2,642 | 3,654 | ||
2 | Unilever Capital Corp. | 2.625% | 8/12/51 | 1,000 | 1,008 | |
Walgreens Boots Alliance Inc. | 4.800% | 11/18/44 | 2,268 | 2,793 | ||
Walgreens Boots Alliance Inc. | 4.100% | 4/15/50 | 2,461 | 2,796 | ||
Walmart Inc. | 5.250% | 9/1/35 | 4,446 | 6,122 | ||
Walmart Inc. | 6.500% | 8/15/37 | 1,728 | 2,639 | ||
Walmart Inc. | 6.200% | 4/15/38 | 1,267 | 1,898 | ||
Walmart Inc. | 3.950% | 6/28/38 | 4,239 | 5,143 | ||
Walmart Inc. | 5.625% | 4/1/40 | 2,093 | 3,027 | ||
Walmart Inc. | 4.875% | 7/8/40 | 460 | 615 | ||
Walmart Inc. | 5.000% | 10/25/40 | 1,188 | 1,617 | ||
Walmart Inc. | 5.625% | 4/15/41 | 3,256 | 4,771 | ||
Walmart Inc. | 4.000% | 4/11/43 | 2,798 | 3,422 | ||
Walmart Inc. | 4.300% | 4/22/44 | 871 | 1,109 | ||
Walmart Inc. | 3.625% | 12/15/47 | 3,340 | 3,957 | ||
Walmart Inc. | 4.050% | 6/29/48 | 5,239 | 6,645 | ||
Walmart Inc. | 2.950% | 9/24/49 | 1,789 | 1,929 | ||
482,961 | ||||||
Energy (8.9%) | ||||||
Baker Hughes a GE Co. LLC | 4.080% | 12/15/47 | 3,256 | 3,727 | ||
Baker Hughes Holdings LLC | 5.125% | 9/15/40 | 1,825 | 2,360 | ||
BP Capital Markets America Inc. | 3.060% | 6/17/41 | 3,000 | 3,091 | ||
BP Capital Markets America Inc. | 3.000% | 2/24/50 | 4,470 | 4,427 | ||
BP Capital Markets America Inc. | 2.772% | 11/10/50 | 4,480 | 4,249 | ||
BP Capital Markets America Inc. | 2.939% | 6/4/51 | 5,475 | 5,374 | ||
BP Capital Markets America Inc. | 3.379% | 2/8/61 | 4,072 | 4,221 | ||
Burlington Resources LLC | 7.400% | 12/1/31 | 872 | 1,286 | ||
Burlington Resources LLC | 5.950% | 10/15/36 | 1,080 | 1,504 | ||
Canadian Natural Resources Ltd. | 7.200% | 1/15/32 | 1,326 | 1,822 | ||
Canadian Natural Resources Ltd. | 6.450% | 6/30/33 | 695 | 918 | ||
Canadian Natural Resources Ltd. | 5.850% | 2/1/35 | 1,752 | 2,267 | ||
Canadian Natural Resources Ltd. | 6.500% | 2/15/37 | 1,578 | 2,136 | ||
Canadian Natural Resources Ltd. | 6.250% | 3/15/38 | 2,630 | 3,552 | ||
Canadian Natural Resources Ltd. | 6.750% | 2/1/39 | 1,360 | 1,916 | ||
2 | Canadian Natural Resources Ltd. | 4.950% | 6/1/47 | 630 | 791 | |
Cenovus Energy Inc. | 5.250% | 6/15/37 | 2,160 | 2,578 | ||
Cenovus Energy Inc. | 6.800% | 9/15/37 | 1,128 | 1,502 | ||
Cenovus Energy Inc. | 6.750% | 11/15/39 | 2,658 | 3,593 | ||
Cenovus Energy Inc. | 5.400% | 6/15/47 | 2,240 | 2,767 | ||
1 | Cheniere Corpus Christi Holdings LLC | 2.742% | 12/31/39 | 1,700 | 1,701 | |
Chevron Corp. | 2.978% | 5/11/40 | 1,080 | 1,134 | ||
Chevron Corp. | 3.078% | 5/11/50 | 1,038 | 1,095 | ||
Chevron USA Inc. | 6.000% | 3/1/41 | 1,425 | 2,104 | ||
Chevron USA Inc. | 5.250% | 11/15/43 | 2,393 | 3,298 | ||
Chevron USA Inc. | 5.050% | 11/15/44 | 1,145 | 1,548 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Chevron USA Inc. | 4.950% | 8/15/47 | 1,214 | 1,660 | ||
Chevron USA Inc. | 4.200% | 10/15/49 | 2,380 | 2,954 | ||
Chevron USA Inc. | 2.343% | 8/12/50 | 1,740 | 1,597 | ||
Columbia Pipeline Group Inc. | 5.800% | 6/1/45 | 1,265 | 1,772 | ||
Conoco Funding Co. | 7.250% | 10/15/31 | 2,593 | 3,774 | ||
ConocoPhillips | 5.900% | 10/15/32 | 991 | 1,331 | ||
ConocoPhillips | 5.900% | 5/15/38 | 2,048 | 2,853 | ||
ConocoPhillips | 6.500% | 2/1/39 | 4,574 | 6,741 | ||
1 | ConocoPhillips | 4.875% | 10/1/47 | 4,035 | 5,337 | |
ConocoPhillips Co. | 4.300% | 11/15/44 | 1,995 | 2,426 | ||
Devon Energy Corp. | 7.875% | 9/30/31 | 337 | 478 | ||
Devon Energy Corp. | 7.950% | 4/15/32 | 1,840 | 2,640 | ||
Devon Energy Corp. | 5.600% | 7/15/41 | 1,689 | 2,114 | ||
Devon Energy Corp. | 4.750% | 5/15/42 | 2,285 | 2,602 | ||
Devon Energy Corp. | 5.000% | 6/15/45 | 1,745 | 2,067 | ||
Diamondback Energy Inc. | 4.400% | 3/24/51 | 1,205 | 1,384 | ||
1 | Eastern Gas Transmission & Storage Inc. | 4.800% | 11/1/43 | 880 | 1,091 | |
1 | Eastern Gas Transmission & Storage Inc. | 4.600% | 12/15/44 | 630 | 767 | |
1 | Eastern Gas Transmission & Storage Inc. | 3.900% | 11/15/49 | 900 | 999 | |
Enable Midstream Partners LP | 5.000% | 5/15/44 | 438 | 479 | ||
2 | Enbridge Energy Partners LP | 7.500% | 4/15/38 | 1,152 | 1,731 | |
Enbridge Energy Partners LP | 5.500% | 9/15/40 | 1,123 | 1,473 | ||
Enbridge Energy Partners LP | 7.375% | 10/15/45 | 793 | 1,270 | ||
Enbridge Inc. | 2.500% | 8/1/33 | 840 | 849 | ||
Enbridge Inc. | 4.500% | 6/10/44 | 1,010 | 1,196 | ||
Enbridge Inc. | 5.500% | 12/1/46 | 1,947 | 2,663 | ||
Enbridge Inc. | 4.000% | 11/15/49 | 1,470 | 1,663 | ||
Enbridge Inc. | 3.400% | 8/1/51 | 1,090 | 1,130 | ||
Energy Transfer LP | 4.900% | 3/15/35 | 1,258 | 1,449 | ||
Energy Transfer LP | 6.625% | 10/15/36 | 1,425 | 1,879 | ||
2 | Energy Transfer LP | 5.800% | 6/15/38 | 757 | 938 | |
Energy Transfer LP | 7.500% | 7/1/38 | 1,074 | 1,506 | ||
Energy Transfer LP | 6.050% | 6/1/41 | 1,959 | 2,461 | ||
Energy Transfer LP | 6.500% | 2/1/42 | 2,561 | 3,352 | ||
Energy Transfer LP | 6.100% | 2/15/42 | 1,346 | 1,693 | ||
Energy Transfer LP | 4.950% | 1/15/43 | 818 | 897 | ||
Energy Transfer LP | 5.150% | 2/1/43 | 1,170 | 1,332 | ||
Energy Transfer LP | 5.950% | 10/1/43 | 1,808 | 2,245 | ||
Energy Transfer LP | 5.300% | 4/1/44 | 646 | 754 | ||
Energy Transfer LP | 5.150% | 3/15/45 | 2,656 | 3,085 | ||
Energy Transfer LP | 5.350% | 5/15/45 | 1,183 | 1,389 | ||
Energy Transfer LP | 6.125% | 12/15/45 | 1,796 | 2,309 | ||
Energy Transfer LP | 5.300% | 4/15/47 | 2,822 | 3,322 | ||
Energy Transfer LP | 5.400% | 10/1/47 | 3,053 | 3,683 | ||
Energy Transfer LP | 6.000% | 6/15/48 | 1,894 | 2,426 | ||
Energy Transfer LP | 6.250% | 4/15/49 | 3,200 | 4,239 | ||
Energy Transfer LP | 5.000% | 5/15/50 | 4,096 | 4,800 | ||
2 | Enterprise Products Operating LLC | 6.875% | 3/1/33 | 1,290 | 1,823 | |
2 | Enterprise Products Operating LLC | 6.650% | 10/15/34 | 1,422 | 2,018 | |
Enterprise Products Operating LLC | 7.550% | 4/15/38 | 1,953 | 3,012 | ||
Enterprise Products Operating LLC | 6.125% | 10/15/39 | 1,061 | 1,485 | ||
Enterprise Products Operating LLC | 6.450% | 9/1/40 | 1,075 | 1,552 | ||
Enterprise Products Operating LLC | 5.700% | 2/15/42 | 1,042 | 1,417 | ||
Enterprise Products Operating LLC | 4.850% | 8/15/42 | 1,856 | 2,292 | ||
Enterprise Products Operating LLC | 4.450% | 2/15/43 | 2,336 | 2,759 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Enterprise Products Operating LLC | 4.850% | 3/15/44 | 3,244 | 4,008 | ||
Enterprise Products Operating LLC | 5.100% | 2/15/45 | 1,909 | 2,416 | ||
Enterprise Products Operating LLC | 4.900% | 5/15/46 | 1,832 | 2,283 | ||
Enterprise Products Operating LLC | 4.250% | 2/15/48 | 2,495 | 2,885 | ||
Enterprise Products Operating LLC | 4.800% | 2/1/49 | 3,491 | 4,338 | ||
Enterprise Products Operating LLC | 4.200% | 1/31/50 | 2,723 | 3,143 | ||
Enterprise Products Operating LLC | 3.700% | 1/31/51 | 1,617 | 1,745 | ||
Enterprise Products Operating LLC | 3.200% | 2/15/52 | 2,881 | 2,882 | ||
Enterprise Products Operating LLC | 4.950% | 10/15/54 | 1,871 | 2,412 | ||
Enterprise Products Operating LLC | 3.950% | 1/31/60 | 2,235 | 2,487 | ||
EOG Resources Inc. | 3.900% | 4/1/35 | 431 | 496 | ||
EOG Resources Inc. | 4.950% | 4/15/50 | 1,510 | 2,036 | ||
Exxon Mobil Corp. | 2.995% | 8/16/39 | 1,143 | 1,200 | ||
Exxon Mobil Corp. | 4.227% | 3/19/40 | 3,780 | 4,579 | ||
Exxon Mobil Corp. | 3.567% | 3/6/45 | 3,892 | 4,334 | ||
Exxon Mobil Corp. | 4.114% | 3/1/46 | 6,538 | 7,834 | ||
Exxon Mobil Corp. | 3.095% | 8/16/49 | 3,492 | 3,617 | ||
Exxon Mobil Corp. | 4.327% | 3/19/50 | 5,418 | 6,797 | ||
Exxon Mobil Corp. | 3.452% | 4/15/51 | 6,920 | 7,651 | ||
Halliburton Co. | 4.850% | 11/15/35 | 2,896 | 3,424 | ||
Halliburton Co. | 6.700% | 9/15/38 | 2,938 | 4,047 | ||
Halliburton Co. | 7.450% | 9/15/39 | 1,200 | 1,756 | ||
Halliburton Co. | 4.500% | 11/15/41 | 1,650 | 1,837 | ||
Halliburton Co. | 4.750% | 8/1/43 | 2,344 | 2,684 | ||
Halliburton Co. | 5.000% | 11/15/45 | 3,552 | 4,286 | ||
Hess Corp. | 7.125% | 3/15/33 | 2,129 | 2,883 | ||
Hess Corp. | 6.000% | 1/15/40 | 772 | 994 | ||
Hess Corp. | 5.600% | 2/15/41 | 2,965 | 3,700 | ||
Hess Corp. | 5.800% | 4/1/47 | 963 | 1,254 | ||
Kinder Morgan Energy Partners LP | 7.750% | 3/15/32 | 1,406 | 2,024 | ||
Kinder Morgan Energy Partners LP | 7.300% | 8/15/33 | 1,276 | 1,817 | ||
Kinder Morgan Energy Partners LP | 5.800% | 3/15/35 | 946 | 1,224 | ||
Kinder Morgan Energy Partners LP | 6.500% | 2/1/37 | 1,443 | 1,994 | ||
2 | Kinder Morgan Energy Partners LP | 6.950% | 1/15/38 | 1,622 | 2,321 | |
Kinder Morgan Energy Partners LP | 6.500% | 9/1/39 | 1,213 | 1,704 | ||
Kinder Morgan Energy Partners LP | 6.550% | 9/15/40 | 1,981 | 2,789 | ||
Kinder Morgan Energy Partners LP | 7.500% | 11/15/40 | 1,759 | 2,629 | ||
Kinder Morgan Energy Partners LP | 5.625% | 9/1/41 | 726 | 930 | ||
Kinder Morgan Energy Partners LP | 5.000% | 8/15/42 | 650 | 786 | ||
Kinder Morgan Energy Partners LP | 4.700% | 11/1/42 | 2,492 | 2,897 | ||
Kinder Morgan Energy Partners LP | 5.000% | 3/1/43 | 1,402 | 1,699 | ||
Kinder Morgan Energy Partners LP | 5.500% | 3/1/44 | 2,040 | 2,597 | ||
Kinder Morgan Energy Partners LP | 5.400% | 9/1/44 | 2,002 | 2,528 | ||
2 | Kinder Morgan Inc. | 7.750% | 1/15/32 | 2,365 | 3,422 | |
Kinder Morgan Inc. | 5.300% | 12/1/34 | 1,463 | 1,819 | ||
Kinder Morgan Inc. | 5.550% | 6/1/45 | 3,529 | 4,576 | ||
Kinder Morgan Inc. | 5.050% | 2/15/46 | 1,946 | 2,393 | ||
Kinder Morgan Inc. | 5.200% | 3/1/48 | 705 | 894 | ||
Kinder Morgan Inc. | 3.250% | 8/1/50 | 874 | 861 | ||
Kinder Morgan Inc. | 3.600% | 2/15/51 | 2,000 | 2,062 | ||
Magellan Midstream Partners LP | 5.150% | 10/15/43 | 390 | 485 | ||
Magellan Midstream Partners LP | 4.250% | 9/15/46 | 230 | 262 | ||
Magellan Midstream Partners LP | 4.200% | 10/3/47 | 2,052 | 2,314 | ||
Magellan Midstream Partners LP | 4.850% | 2/1/49 | 555 | 679 | ||
Magellan Midstream Partners LP | 3.950% | 3/1/50 | 2,792 | 3,053 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Marathon Oil Corp. | 6.800% | 3/15/32 | 479 | 630 | ||
Marathon Oil Corp. | 6.600% | 10/1/37 | 2,732 | 3,630 | ||
Marathon Oil Corp. | 5.200% | 6/1/45 | 1,018 | 1,232 | ||
Marathon Petroleum Corp. | 6.500% | 3/1/41 | 3,082 | 4,284 | ||
Marathon Petroleum Corp. | 4.750% | 9/15/44 | 1,824 | 2,159 | ||
Marathon Petroleum Corp. | 4.500% | 4/1/48 | 1,965 | 2,247 | ||
Marathon Petroleum Corp. | 5.000% | 9/15/54 | 850 | 1,037 | ||
MPLX LP | 4.500% | 4/15/38 | 3,623 | 4,151 | ||
MPLX LP | 5.200% | 3/1/47 | 1,330 | 1,634 | ||
MPLX LP | 5.200% | 12/1/47 | 1,573 | 1,921 | ||
MPLX LP | 4.700% | 4/15/48 | 3,421 | 3,981 | ||
MPLX LP | 5.500% | 2/15/49 | 4,313 | 5,576 | ||
MPLX LP | 4.900% | 4/15/58 | 1,419 | 1,688 | ||
NOV Inc. | 3.950% | 12/1/42 | 2,085 | 2,077 | ||
ONEOK Inc. | 6.000% | 6/15/35 | 2,085 | 2,654 | ||
ONEOK Inc. | 4.950% | 7/13/47 | 1,414 | 1,667 | ||
ONEOK Inc. | 5.200% | 7/15/48 | 1,853 | 2,279 | ||
ONEOK Inc. | 4.450% | 9/1/49 | 2,399 | 2,704 | ||
ONEOK Inc. | 4.500% | 3/15/50 | 1,055 | 1,188 | ||
ONEOK Inc. | 7.150% | 1/15/51 | 990 | 1,458 | ||
ONEOK Partners LP | 6.650% | 10/1/36 | 1,090 | 1,476 | ||
ONEOK Partners LP | 6.850% | 10/15/37 | 2,424 | 3,316 | ||
ONEOK Partners LP | 6.125% | 2/1/41 | 832 | 1,074 | ||
ONEOK Partners LP | 6.200% | 9/15/43 | 751 | 980 | ||
Phillips 66 | 4.650% | 11/15/34 | 1,663 | 1,974 | ||
Phillips 66 | 5.875% | 5/1/42 | 3,507 | 4,829 | ||
Phillips 66 | 4.875% | 11/15/44 | 3,825 | 4,806 | ||
Phillips 66 Partners LP | 4.680% | 2/15/45 | 757 | 871 | ||
Phillips 66 Partners LP | 4.900% | 10/1/46 | 1,695 | 2,022 | ||
Plains All American Pipeline LP | 6.650% | 1/15/37 | 1,279 | 1,692 | ||
Plains All American Pipeline LP | 5.150% | 6/1/42 | 1,671 | 1,877 | ||
Plains All American Pipeline LP | 4.300% | 1/31/43 | 1,092 | 1,115 | ||
Plains All American Pipeline LP | 4.700% | 6/15/44 | 1,825 | 1,946 | ||
Plains All American Pipeline LP | 4.900% | 2/15/45 | 1,552 | 1,689 | ||
Shell International Finance BV | 4.125% | 5/11/35 | 4,811 | 5,746 | ||
Shell International Finance BV | 6.375% | 12/15/38 | 3,082 | 4,568 | ||
Shell International Finance BV | 5.500% | 3/25/40 | 2,939 | 4,107 | ||
Shell International Finance BV | 3.625% | 8/21/42 | 2,900 | 3,271 | ||
Shell International Finance BV | 4.550% | 8/12/43 | 3,133 | 3,980 | ||
Shell International Finance BV | 4.375% | 5/11/45 | 7,486 | 9,351 | ||
Shell International Finance BV | 4.000% | 5/10/46 | 6,247 | 7,455 | ||
Shell International Finance BV | 3.750% | 9/12/46 | 2,354 | 2,715 | ||
Shell International Finance BV | 3.125% | 11/7/49 | 2,007 | 2,121 | ||
Shell International Finance BV | 3.250% | 4/6/50 | 4,875 | 5,284 | ||
Spectra Energy Partners LP | 5.950% | 9/25/43 | 1,481 | 2,051 | ||
Spectra Energy Partners LP | 4.500% | 3/15/45 | 2,129 | 2,529 | ||
Suncor Energy Inc. | 7.150% | 2/1/32 | 1,738 | 2,445 | ||
Suncor Energy Inc. | 5.350% | 7/15/33 | 428 | 532 | ||
Suncor Energy Inc. | 5.950% | 12/1/34 | 1,669 | 2,220 | ||
Suncor Energy Inc. | 5.950% | 5/15/35 | 1,092 | 1,443 | ||
Suncor Energy Inc. | 6.800% | 5/15/38 | 2,404 | 3,448 | ||
Suncor Energy Inc. | 6.500% | 6/15/38 | 1,736 | 2,442 | ||
Suncor Energy Inc. | 6.850% | 6/1/39 | 1,054 | 1,544 | ||
Suncor Energy Inc. | 4.000% | 11/15/47 | 2,425 | 2,724 | ||
Suncor Energy Inc. | 3.750% | 3/4/51 | 1,095 | 1,192 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Texas Eastern Transmission LP | 7.000% | 7/15/32 | 1,037 | 1,458 | ||
TotalEnergies Capital International SA | 2.986% | 6/29/41 | 1,945 | 2,017 | ||
TotalEnergies Capital International SA | 3.461% | 7/12/49 | 1,220 | 1,337 | ||
TotalEnergies Capital International SA | 3.127% | 5/29/50 | 7,566 | 7,828 | ||
TotalEnergies Capital International SA | 3.386% | 6/29/60 | 465 | 498 | ||
TransCanada PipeLines Ltd. | 4.625% | 3/1/34 | 4,540 | 5,365 | ||
TransCanada PipeLines Ltd. | 5.600% | 3/31/34 | 1,524 | 1,949 | ||
TransCanada PipeLines Ltd. | 5.850% | 3/15/36 | 1,822 | 2,410 | ||
TransCanada PipeLines Ltd. | 6.200% | 10/15/37 | 2,879 | 3,948 | ||
TransCanada PipeLines Ltd. | 4.750% | 5/15/38 | 640 | ��� 774 | ||
TransCanada PipeLines Ltd. | 7.250% | 8/15/38 | 1,129 | 1,704 | ||
TransCanada PipeLines Ltd. | 7.625% | 1/15/39 | 1,050 | 1,644 | ||
TransCanada PipeLines Ltd. | 6.100% | 6/1/40 | 1,656 | 2,288 | ||
TransCanada PipeLines Ltd. | 5.000% | 10/16/43 | 1,818 | 2,290 | ||
TransCanada PipeLines Ltd. | 4.875% | 5/15/48 | 3,210 | 4,113 | ||
TransCanada PipeLines Ltd. | 5.100% | 3/15/49 | 1,051 | 1,395 | ||
Transcontinental Gas Pipe Line Co. LLC | 5.400% | 8/15/41 | 1,120 | 1,464 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.450% | 8/1/42 | 900 | 1,074 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.600% | 3/15/48 | 1,539 | 1,881 | ||
Transcontinental Gas Pipe Line Co. LLC | 3.950% | 5/15/50 | 1,408 | 1,598 | ||
Valero Energy Corp. | 7.500% | 4/15/32 | 1,863 | 2,597 | ||
Valero Energy Corp. | 6.625% | 6/15/37 | 2,955 | 4,033 | ||
Valero Energy Corp. | 4.900% | 3/15/45 | 1,738 | 2,111 | ||
Williams Cos. Inc. | 8.750% | 3/15/32 | 740 | 1,143 | ||
Williams Cos. Inc. | 6.300% | 4/15/40 | 2,464 | 3,380 | ||
Williams Cos. Inc. | 5.800% | 11/15/43 | 628 | 831 | ||
Williams Cos. Inc. | 5.400% | 3/4/44 | 991 | 1,259 | ||
Williams Cos. Inc. | 5.750% | 6/24/44 | 1,396 | 1,861 | ||
Williams Cos. Inc. | 4.900% | 1/15/45 | 1,746 | 2,122 | ||
Williams Cos. Inc. | 5.100% | 9/15/45 | 1,782 | 2,230 | ||
Williams Cos. Inc. | 4.850% | 3/1/48 | 2,020 | 2,491 | ||
547,011 | ||||||
Financials (15.0%) | ||||||
Aflac Inc. | 4.000% | 10/15/46 | 1,103 | 1,310 | ||
Aflac Inc. | 4.750% | 1/15/49 | 1,439 | 1,927 | ||
Alleghany Corp. | 4.900% | 9/15/44 | 682 | 878 | ||
Alleghany Corp. | 3.250% | 8/15/51 | 1,250 | 1,279 | ||
Allstate Corp. | 5.350% | 6/1/33 | 829 | 1,083 | ||
Allstate Corp. | 5.550% | 5/9/35 | 571 | 782 | ||
Allstate Corp. | 4.500% | 6/15/43 | 1,453 | 1,868 | ||
Allstate Corp. | 4.200% | 12/15/46 | 1,360 | 1,702 | ||
Allstate Corp. | 3.850% | 8/10/49 | 2,635 | 3,188 | ||
2 | Allstate Corp. | 6.500% | 5/15/57 | 670 | 899 | |
2 | Ally Financial Inc. | 8.000% | 11/1/31 | 6,791 | 9,907 | |
American Express Co. | 4.050% | 12/3/42 | 2,755 | 3,347 | ||
American Financial Group Inc. | 4.500% | 6/15/47 | 1,363 | 1,696 | ||
American International Group Inc. | 3.875% | 1/15/35 | 1,418 | 1,623 | ||
American International Group Inc. | 4.700% | 7/10/35 | 2,774 | 3,416 | ||
American International Group Inc. | 6.250% | 5/1/36 | 1,750 | 2,462 | ||
American International Group Inc. | 4.500% | 7/16/44 | 3,342 | 4,139 | ||
American International Group Inc. | 4.800% | 7/10/45 | 1,173 | 1,514 | ||
American International Group Inc. | 4.750% | 4/1/48 | 2,980 | 3,884 | ||
American International Group Inc. | 4.375% | 6/30/50 | 1,835 | 2,304 | ||
American International Group Inc. | 4.375% | 1/15/55 | 2,945 | 3,690 | ||
2 | American International Group Inc. | 8.175% | 5/15/58 | 496 | 739 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Aon Corp. | 6.250% | 9/30/40 | 844 | 1,228 | ||
Aon Corp. | 2.900% | 8/23/51 | 1,500 | 1,481 | ||
Aon plc | 4.600% | 6/14/44 | 453 | 574 | ||
Aon plc | 4.750% | 5/15/45 | 2,000 | 2,578 | ||
Arch Capital Finance LLC | 5.031% | 12/15/46 | 1,043 | 1,392 | ||
Arch Capital Group Ltd. | 7.350% | 5/1/34 | 727 | 1,090 | ||
Arch Capital Group Ltd. | 3.635% | 6/30/50 | 2,480 | 2,757 | ||
Arch Capital Group US Inc. | 5.144% | 11/1/43 | 608 | 813 | ||
Arthur J Gallagher & Co. | 3.500% | 5/20/51 | 2,000 | 2,174 | ||
Assured Guaranty US Holdings Inc. | 3.600% | 9/15/51 | 500 | 516 | ||
Athene Holding Ltd. | 3.950% | 5/25/51 | 1,442 | 1,630 | ||
Bank of America Corp. | 6.110% | 1/29/37 | 6,225 | 8,571 | ||
2 | Bank of America Corp. | 4.244% | 4/24/38 | 2,329 | 2,761 | |
Bank of America Corp. | 7.750% | 5/14/38 | 3,508 | 5,561 | ||
2 | Bank of America Corp. | 4.078% | 4/23/40 | 3,517 | 4,138 | |
2 | Bank of America Corp. | 2.676% | 6/19/41 | 11,189 | 11,016 | |
2 | Bank of America Corp. | 5.875% | 2/7/42 | 1,819 | 2,656 | |
Bank of America Corp. | 3.311% | 4/22/42 | 7,710 | 8,320 | ||
2 | Bank of America Corp. | 5.000% | 1/21/44 | 6,634 | 8,911 | |
2 | Bank of America Corp. | 4.875% | 4/1/44 | 862 | 1,139 | |
2 | Bank of America Corp. | 4.750% | 4/21/45 | 1,076 | 1,368 | |
2 | Bank of America Corp. | 4.443% | 1/20/48 | 7,185 | 9,054 | |
2 | Bank of America Corp. | 3.946% | 1/23/49 | 2,679 | 3,147 | |
2 | Bank of America Corp. | 4.330% | 3/15/50 | 4,578 | 5,725 | |
2 | Bank of America Corp. | 4.083% | 3/20/51 | 14,205 | 17,171 | |
2 | Bank of America Corp. | 2.831% | 10/24/51 | 740 | 727 | |
2 | Bank of America Corp. | 3.483% | 3/13/52 | 2,905 | 3,224 | |
Bank of America Corp. | 2.972% | 7/21/52 | 5,185 | 5,233 | ||
2 | Bank of America NA | 6.000% | 10/15/36 | 2,091 | 2,916 | |
Barclays plc | 3.811% | 3/10/42 | 1,850 | 2,008 | ||
Barclays plc | 5.250% | 8/17/45 | 2,660 | 3,613 | ||
Barclays plc | 4.950% | 1/10/47 | 3,972 | 5,233 | ||
Berkshire Hathaway Finance Corp. | 5.750% | 1/15/40 | 1,127 | 1,643 | ||
Berkshire Hathaway Finance Corp. | 4.400% | 5/15/42 | 3,229 | 4,084 | ||
Berkshire Hathaway Finance Corp. | 4.300% | 5/15/43 | 2,453 | 3,075 | ||
Berkshire Hathaway Finance Corp. | 4.200% | 8/15/48 | 6,847 | 8,583 | ||
Berkshire Hathaway Finance Corp. | 4.250% | 1/15/49 | 3,024 | 3,810 | ||
Berkshire Hathaway Finance Corp. | 2.850% | 10/15/50 | 3,905 | 3,943 | ||
Berkshire Hathaway Finance Corp. | 2.500% | 1/15/51 | 1,105 | 1,046 | ||
Berkshire Hathaway Inc. | 4.500% | 2/11/43 | 1,593 | 2,049 | ||
Brighthouse Financial Inc. | 4.700% | 6/22/47 | 2,333 | 2,648 | ||
Brookfield Finance Inc. | 4.700% | 9/20/47 | 2,209 | 2,739 | ||
Brookfield Finance Inc. | 3.500% | 3/30/51 | 1,185 | 1,254 | ||
Brookfield Finance LLC | 3.450% | 4/15/50 | 1,414 | 1,479 | ||
Charles Schwab Corp. | 1.950% | 12/1/31 | 1,260 | 1,261 | ||
Chubb Corp. | 6.000% | 5/11/37 | 1,591 | 2,338 | ||
2 | Chubb Corp. | 6.500% | 5/15/38 | 1,095 | 1,678 | |
Chubb INA Holdings Inc. | 6.700% | 5/15/36 | 1,378 | 2,103 | ||
Chubb INA Holdings Inc. | 4.150% | 3/13/43 | 2,137 | 2,640 | ||
Chubb INA Holdings Inc. | 4.350% | 11/3/45 | 2,759 | 3,543 | ||
CI Financial Corp. | 4.100% | 6/15/51 | 2,010 | 2,173 | ||
Cincinnati Financial Corp. | 6.125% | 11/1/34 | 774 | 1,075 | ||
Citigroup Inc. | 6.625% | 6/15/32 | 3,679 | 5,035 | ||
Citigroup Inc. | 5.875% | 2/22/33 | 621 | 817 | ||
Citigroup Inc. | 6.000% | 10/31/33 | 2,702 | 3,602 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Citigroup Inc. | 6.125% | 8/25/36 | 1,200 | 1,674 | ||
2 | Citigroup Inc. | 3.878% | 1/24/39 | 787 | 914 | |
Citigroup Inc. | 8.125% | 7/15/39 | 2,695 | 4,646 | ||
2 | Citigroup Inc. | 5.316% | 3/26/41 | 2,240 | 3,027 | |
Citigroup Inc. | 5.875% | 1/30/42 | 4,242 | 6,145 | ||
Citigroup Inc. | 6.675% | 9/13/43 | 1,217 | 1,897 | ||
Citigroup Inc. | 5.300% | 5/6/44 | 1,176 | 1,591 | ||
Citigroup Inc. | 4.650% | 7/30/45 | 4,102 | 5,343 | ||
Citigroup Inc. | 4.750% | 5/18/46 | 4,104 | 5,276 | ||
2 | Citigroup Inc. | 4.281% | 4/24/48 | 2,088 | 2,631 | |
Citigroup Inc. | 4.650% | 7/23/48 | 6,163 | 8,180 | ||
Citizens Financial Group Inc. | 2.638% | 9/30/32 | 2,686 | 2,733 | ||
CME Group Inc. | 5.300% | 9/15/43 | 1,716 | 2,465 | ||
CME Group Inc. | 4.150% | 6/15/48 | 1,585 | 2,069 | ||
2 | Cooperatieve Rabobank UA | 5.250% | 5/24/41 | 3,642 | 5,122 | |
Cooperatieve Rabobank UA | 5.750% | 12/1/43 | 2,375 | 3,386 | ||
Cooperatieve Rabobank UA | 5.250% | 8/4/45 | 2,844 | 3,862 | ||
Credit Suisse Group AG | 4.875% | 5/15/45 | 4,319 | 5,544 | ||
Credit Suisse USA Inc. | 7.125% | 7/15/32 | 1,744 | 2,521 | ||
Equitable Holdings Inc. | 5.000% | 4/20/48 | 3,974 | 5,169 | ||
Everest Reinsurance Holdings Inc. | 4.868% | 6/1/44 | 943 | 1,218 | ||
Everest Reinsurance Holdings Inc. | 3.500% | 10/15/50 | 1,808 | 1,967 | ||
Fifth Third Bancorp | 8.250% | 3/1/38 | 2,421 | 4,072 | ||
2 | First Republic Bank | 4.375% | 8/1/46 | 1,535 | 1,918 | |
Franklin Resources Inc. | 2.950% | 8/12/51 | 700 | 705 | ||
GATX Corp. | 5.200% | 3/15/44 | 795 | 1,031 | ||
GATX Corp. | 3.100% | 6/1/51 | 1,056 | 1,014 | ||
3 | GE Capital Funding LLC | 4.550% | 5/15/32 | 1,255 | 1,507 | |
GE Capital International Funding Co. Unlimited Co. | 4.418% | 11/15/35 | 26,341 | 31,993 | ||
Global Payments Inc. | 4.150% | 8/15/49 | 1,830 | 2,106 | ||
Goldman Sachs Capital I | 6.345% | 2/15/34 | 1,426 | 2,024 | ||
Goldman Sachs Group Inc. | 6.125% | 2/15/33 | 2,028 | 2,753 | ||
Goldman Sachs Group Inc. | 6.450% | 5/1/36 | 2,184 | 3,094 | ||
Goldman Sachs Group Inc. | 6.750% | 10/1/37 | 13,851 | 20,196 | ||
2 | Goldman Sachs Group Inc. | 4.017% | 10/31/38 | 4,903 | 5,734 | |
2 | Goldman Sachs Group Inc. | 4.411% | 4/23/39 | 3,043 | 3,730 | |
Goldman Sachs Group Inc. | 6.250% | 2/1/41 | 6,602 | 9,809 | ||
Goldman Sachs Group Inc. | 3.210% | 4/22/42 | 6,857 | 7,251 | ||
Goldman Sachs Group Inc. | 2.908% | 7/21/42 | 180 | 182 | ||
2 | Goldman Sachs Group Inc. | 4.800% | 7/8/44 | 6,061 | 7,913 | |
Goldman Sachs Group Inc. | 5.150% | 5/22/45 | 4,356 | 5,835 | ||
Goldman Sachs Group Inc. | 4.750% | 10/21/45 | 2,281 | 3,010 | ||
Hartford Financial Services Group Inc. | 5.950% | 10/15/36 | 619 | 862 | ||
Hartford Financial Services Group Inc. | 6.100% | 10/1/41 | 971 | 1,401 | ||
Hartford Financial Services Group Inc. | 4.300% | 4/15/43 | 1,198 | 1,451 | ||
Hartford Financial Services Group Inc. | 4.400% | 3/15/48 | 958 | 1,198 | ||
Hartford Financial Services Group Inc. | 3.600% | 8/19/49 | 1,473 | 1,651 | ||
2 | HSBC Bank USA NA | 5.875% | 11/1/34 | 759 | 1,002 | |
2 | HSBC Bank USA NA | 5.625% | 8/15/35 | 1,380 | 1,785 | |
2 | HSBC Bank USA NA | 7.000% | 1/15/39 | 1,431 | 2,243 | |
2 | HSBC Holdings plc | 7.625% | 5/17/32 | 741 | 1,051 | |
HSBC Holdings plc | 6.500% | 5/2/36 | 5,144 | 7,148 | ||
HSBC Holdings plc | 6.500% | 9/15/37 | 6,560 | 9,192 | ||
HSBC Holdings plc | 6.800% | 6/1/38 | 3,394 | 4,902 | ||
HSBC Holdings plc | 6.100% | 1/14/42 | 1,146 | 1,690 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
HSBC Holdings plc | 5.250% | 3/14/44 | 2,788 | 3,699 | ||
Intercontinental Exchange Inc. | 1.850% | 9/15/32 | 1,876 | 1,810 | ||
Intercontinental Exchange Inc. | 2.650% | 9/15/40 | 4,710 | 4,598 | ||
Intercontinental Exchange Inc. | 4.250% | 9/21/48 | 4,416 | 5,400 | ||
Intercontinental Exchange Inc. | 3.000% | 6/15/50 | 2,571 | 2,602 | ||
Intercontinental Exchange Inc. | 3.000% | 9/15/60 | 1,110 | 1,100 | ||
Invesco Finance plc | 5.375% | 11/30/43 | 783 | 1,048 | ||
Jefferies Group LLC | 2.750% | 10/15/32 | 1,770 | 1,808 | ||
Jefferies Group LLC | 6.250% | 1/15/36 | 922 | 1,251 | ||
Jefferies Group LLC | 6.500% | 1/20/43 | 529 | 740 | ||
JPMorgan Chase & Co. | 1.764% | 11/19/31 | 785 | 761 | ||
JPMorgan Chase & Co. | 1.953% | 2/4/32 | 200 | 196 | ||
JPMorgan Chase & Co. | 6.400% | 5/15/38 | 5,260 | 7,798 | ||
2 | JPMorgan Chase & Co. | 3.882% | 7/24/38 | 7,371 | 8,567 | |
JPMorgan Chase & Co. | 5.500% | 10/15/40 | 4,245 | 5,903 | ||
2 | JPMorgan Chase & Co. | 3.109% | 4/22/41 | 3,453 | 3,637 | |
JPMorgan Chase & Co. | 5.600% | 7/15/41 | 1,896 | 2,666 | ||
JPMorgan Chase & Co. | 2.525% | 11/19/41 | 2,360 | 2,291 | ||
JPMorgan Chase & Co. | 5.400% | 1/6/42 | 2,477 | 3,462 | ||
JPMorgan Chase & Co. | 3.157% | 4/22/42 | 4,547 | 4,832 | ||
JPMorgan Chase & Co. | 5.625% | 8/16/43 | 3,089 | 4,352 | ||
JPMorgan Chase & Co. | 4.850% | 2/1/44 | 3,564 | 4,733 | ||
JPMorgan Chase & Co. | 4.950% | 6/1/45 | 2,659 | 3,554 | ||
2 | JPMorgan Chase & Co. | 4.260% | 2/22/48 | 5,398 | 6,664 | |
2 | JPMorgan Chase & Co. | 4.032% | 7/24/48 | 4,165 | 4,954 | |
2 | JPMorgan Chase & Co. | 3.964% | 11/15/48 | 6,733 | 7,989 | |
2 | JPMorgan Chase & Co. | 3.897% | 1/23/49 | 4,361 | 5,117 | |
2 | JPMorgan Chase & Co. | 3.109% | 4/22/51 | 6,773 | 7,094 | |
JPMorgan Chase & Co. | 3.328% | 4/22/52 | 7,470 | 8,123 | ||
Legg Mason Inc. | 5.625% | 1/15/44 | 1,103 | 1,570 | ||
Lincoln National Corp. | 6.300% | 10/9/37 | 1,289 | 1,842 | ||
Lincoln National Corp. | 7.000% | 6/15/40 | 1,343 | 2,093 | ||
Lincoln National Corp. | 4.350% | 3/1/48 | 906 | 1,105 | ||
Lloyds Banking Group plc | 5.300% | 12/1/45 | 1,335 | 1,784 | ||
Lloyds Banking Group plc | 4.344% | 1/9/48 | 3,987 | 4,786 | ||
Loews Corp. | 4.125% | 5/15/43 | 2,031 | 2,449 | ||
Manulife Financial Corp. | 5.375% | 3/4/46 | 1,225 | 1,749 | ||
Markel Corp. | 5.000% | 4/5/46 | 600 | 788 | ||
Markel Corp. | 4.300% | 11/1/47 | 865 | 1,042 | ||
Markel Corp. | 5.000% | 5/20/49 | 1,120 | 1,482 | ||
Markel Corp. | 4.150% | 9/17/50 | 2,187 | 2,593 | ||
Markel Corp. | 3.450% | 5/7/52 | 810 | 853 | ||
Marsh & McLennan Cos. Inc. | 5.875% | 8/1/33 | 1,378 | 1,879 | ||
Marsh & McLennan Cos. Inc. | 4.750% | 3/15/39 | 2,301 | 2,981 | ||
Marsh & McLennan Cos. Inc. | 4.350% | 1/30/47 | 2,018 | 2,567 | ||
Marsh & McLennan Cos. Inc. | 4.200% | 3/1/48 | 500 | 626 | ||
Marsh & McLennan Cos. Inc. | 4.900% | 3/15/49 | 1,555 | 2,143 | ||
Mastercard Inc. | 3.800% | 11/21/46 | 2,144 | 2,573 | ||
Mastercard Inc. | 3.950% | 2/26/48 | 2,349 | 2,883 | ||
Mastercard Inc. | 3.650% | 6/1/49 | 1,114 | 1,315 | ||
Mastercard Inc. | 3.850% | 3/26/50 | 3,735 | 4,558 | ||
Mastercard Inc. | 2.950% | 3/15/51 | 1,920 | 2,031 | ||
MetLife Inc. | 6.500% | 12/15/32 | 1,434 | 2,045 | ||
MetLife Inc. | 6.375% | 6/15/34 | 1,110 | 1,596 | ||
MetLife Inc. | 5.700% | 6/15/35 | 2,621 | 3,646 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
2 | MetLife Inc. | 6.400% | 12/15/36 | 2,373 | 3,038 | |
2 | MetLife Inc. | 10.750% | 8/1/39 | 526 | 933 | |
MetLife Inc. | 5.875% | 2/6/41 | 3,826 | 5,535 | ||
MetLife Inc. | 4.125% | 8/13/42 | 2,358 | 2,856 | ||
MetLife Inc. | 4.875% | 11/13/43 | 1,423 | 1,902 | ||
MetLife Inc. | 4.721% | 12/15/44 | 1,657 | 2,187 | ||
MetLife Inc. | 4.050% | 3/1/45 | 1,791 | 2,173 | ||
MetLife Inc. | 4.600% | 5/13/46 | 744 | 978 | ||
Mitsubishi UFJ Financial Group Inc. | 4.286% | 7/26/38 | 1,125 | 1,375 | ||
Mitsubishi UFJ Financial Group Inc. | 4.153% | 3/7/39 | 1,555 | 1,870 | ||
Mitsubishi UFJ Financial Group Inc. | 3.751% | 7/18/39 | 3,457 | 3,979 | ||
Mizuho Financial Group Inc. | 2.172% | 5/22/32 | 460 | 458 | ||
Morgan Stanley | 7.250% | 4/1/32 | 3,289 | 4,812 | ||
2 | Morgan Stanley | 3.971% | 7/22/38 | 5,774 | 6,766 | |
2 | Morgan Stanley | 4.457% | 4/22/39 | 2,318 | 2,869 | |
Morgan Stanley | 3.217% | 4/22/42 | 5,102 | 5,468 | ||
Morgan Stanley | 6.375% | 7/24/42 | 3,067 | 4,733 | ||
Morgan Stanley | 4.300% | 1/27/45 | 4,084 | 5,089 | ||
Morgan Stanley | 4.375% | 1/22/47 | 6,956 | 8,796 | ||
2 | Morgan Stanley | 5.597% | 3/24/51 | 3,776 | 5,699 | |
2 | Morgan Stanley | 2.802% | 1/25/52 | 5,465 | 5,446 | |
Nasdaq Inc. | 2.500% | 12/21/40 | 1,085 | 1,018 | ||
Nasdaq Inc. | 3.250% | 4/28/50 | 1,537 | 1,577 | ||
2 | Nationwide Financial Services Inc. | 6.750% | 5/15/37 | 826 | 1,018 | |
Old Republic International Corp. | 3.850% | 6/11/51 | 1,500 | 1,644 | ||
PayPal Holdings Inc. | 3.250% | 6/1/50 | 1,955 | 2,155 | ||
Principal Financial Group Inc. | 6.050% | 10/15/36 | 365 | 521 | ||
Principal Financial Group Inc. | 4.625% | 9/15/42 | 947 | 1,193 | ||
Principal Financial Group Inc. | 4.350% | 5/15/43 | 979 | 1,201 | ||
Principal Financial Group Inc. | 4.300% | 11/15/46 | 1,025 | 1,269 | ||
Progressive Corp. | 6.625% | 3/1/29 | 1 | 1 | ||
Progressive Corp. | 6.250% | 12/1/32 | 1,549 | 2,156 | ||
Progressive Corp. | 4.350% | 4/25/44 | 1,480 | 1,879 | ||
Progressive Corp. | 3.700% | 1/26/45 | 1,385 | 1,617 | ||
Progressive Corp. | 4.125% | 4/15/47 | 1,323 | 1,651 | ||
Progressive Corp. | 4.200% | 3/15/48 | 2,048 | 2,584 | ||
Progressive Corp. | 3.950% | 3/26/50 | 1,140 | 1,408 | ||
2 | Prudential Financial Inc. | 5.700% | 12/14/36 | 1,535 | 2,129 | |
2 | Prudential Financial Inc. | 6.625% | 12/1/37 | 783 | 1,163 | |
2 | Prudential Financial Inc. | 3.000% | 3/10/40 | 695 | 729 | |
2 | Prudential Financial Inc. | 6.625% | 6/21/40 | 860 | 1,314 | |
2 | Prudential Financial Inc. | 6.200% | 11/15/40 | 545 | 766 | |
2 | Prudential Financial Inc. | 5.100% | 8/15/43 | 516 | 630 | |
2 | Prudential Financial Inc. | 4.600% | 5/15/44 | 1,281 | 1,650 | |
Prudential Financial Inc. | 3.905% | 12/7/47 | 2,830 | 3,355 | ||
2 | Prudential Financial Inc. | 4.418% | 3/27/48 | 2,197 | 2,786 | |
Prudential Financial Inc. | 3.935% | 12/7/49 | 2,441 | 2,922 | ||
2 | Prudential Financial Inc. | 4.350% | 2/25/50 | 2,000 | 2,559 | |
2 | Prudential Financial Inc. | 3.700% | 3/13/51 | 990 | 1,154 | |
Raymond James Financial Inc. | 4.950% | 7/15/46 | 2,742 | 3,597 | ||
Raymond James Financial Inc. | 3.750% | 4/1/51 | 1,403 | 1,589 | ||
2 | Regions Bank | 6.450% | 6/26/37 | 855 | 1,227 | |
Regions Financial Corp. | 7.375% | 12/10/37 | 555 | 857 | ||
Selective Insurance Group Inc. | 5.375% | 3/1/49 | 685 | 889 | ||
Sumitomo Mitsui Financial Group Inc. | 2.296% | 1/12/41 | 1,300 | 1,232 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Transatlantic Holdings Inc. | 8.000% | 11/30/39 | 828 | 1,299 | ||
Travelers Cos. Inc. | 6.750% | 6/20/36 | 1,675 | 2,560 | ||
2 | Travelers Cos. Inc. | 6.250% | 6/15/37 | 1,948 | 2,877 | |
Travelers Cos. Inc. | 5.350% | 11/1/40 | 920 | 1,301 | ||
Travelers Cos. Inc. | 4.300% | 8/25/45 | 1,898 | 2,415 | ||
Travelers Cos. Inc. | 3.750% | 5/15/46 | 728 | 862 | ||
Travelers Cos. Inc. | 4.000% | 5/30/47 | 1,960 | 2,408 | ||
Travelers Cos. Inc. | 4.050% | 3/7/48 | 2,346 | 2,912 | ||
Travelers Cos. Inc. | 4.100% | 3/4/49 | 866 | 1,099 | ||
Travelers Cos. Inc. | 2.550% | 4/27/50 | 385 | 377 | ||
Travelers Cos. Inc. | 3.050% | 6/8/51 | 2,000 | 2,145 | ||
Travelers Property Casualty Corp. | 6.375% | 3/15/33 | 370 | 531 | ||
Unum Group | 5.750% | 8/15/42 | 984 | 1,234 | ||
Unum Group | 4.500% | 12/15/49 | 1,598 | 1,711 | ||
Unum Group | 4.125% | 6/15/51 | 775 | 786 | ||
Visa Inc. | 4.150% | 12/14/35 | 3,722 | 4,573 | ||
Visa Inc. | 2.700% | 4/15/40 | 1,470 | 1,528 | ||
Visa Inc. | 4.300% | 12/14/45 | 8,824 | 11,299 | ||
Visa Inc. | 3.650% | 9/15/47 | 2,191 | 2,581 | ||
Visa Inc. | 2.000% | 8/15/50 | 2,909 | 2,588 | ||
Voya Financial Inc. | 5.700% | 7/15/43 | 577 | 811 | ||
Voya Financial Inc. | 4.800% | 6/15/46 | 987 | 1,273 | ||
W R Berkley Corp. | 4.750% | 8/1/44 | 1,386 | 1,775 | ||
W R Berkley Corp. | 4.000% | 5/12/50 | 1,290 | 1,514 | ||
Wachovia Corp. | 7.500% | 4/15/35 | 615 | 923 | ||
Wachovia Corp. | 5.500% | 8/1/35 | 1,323 | 1,731 | ||
2 | Wells Fargo & Co. | 3.068% | 4/30/41 | 9,225 | 9,690 | |
Wells Fargo & Co. | 5.375% | 11/2/43 | 5,469 | 7,380 | ||
Wells Fargo & Co. | 5.606% | 1/15/44 | 6,683 | 9,255 | ||
2 | Wells Fargo & Co. | 4.650% | 11/4/44 | 5,209 | 6,501 | |
Wells Fargo & Co. | 3.900% | 5/1/45 | 3,685 | 4,398 | ||
2 | Wells Fargo & Co. | 4.900% | 11/17/45 | 5,629 | 7,256 | |
2 | Wells Fargo & Co. | 4.400% | 6/14/46 | 5,192 | 6,349 | |
2 | Wells Fargo & Co. | 4.750% | 12/7/46 | 3,228 | 4,118 | |
2 | Wells Fargo & Co. | 5.013% | 4/4/51 | 10,758 | 14,951 | |
Wells Fargo Bank NA | 5.950% | 8/26/36 | 1,415 | 1,952 | ||
2 | Wells Fargo Bank NA | 5.850% | 2/1/37 | 1,868 | 2,567 | |
2 | Wells Fargo Bank NA | 6.600% | 1/15/38 | 3,615 | 5,334 | |
Western Union Co. | 6.200% | 11/17/36 | 1,487 | 1,866 | ||
Westpac Banking Corp. | 4.421% | 7/24/39 | 3,461 | 4,141 | ||
Westpac Banking Corp. | 2.963% | 11/16/40 | 1,903 | 1,902 | ||
Willis North America Inc. | 5.050% | 9/15/48 | 630 | 833 | ||
Willis North America Inc. | 3.875% | 9/15/49 | 1,187 | 1,343 | ||
XLIT Ltd. | 5.250% | 12/15/43 | 512 | 721 | ||
XLIT Ltd. | 5.500% | 3/31/45 | 1,265 | 1,769 | ||
923,382 | ||||||
Health Care (14.6%) | ||||||
Abbott Laboratories | 4.750% | 11/30/36 | 3,505 | 4,540 | ||
Abbott Laboratories | 6.150% | 11/30/37 | 1,542 | 2,293 | ||
Abbott Laboratories | 6.000% | 4/1/39 | 1,215 | 1,785 | ||
Abbott Laboratories | 5.300% | 5/27/40 | 1,698 | 2,381 | ||
Abbott Laboratories | 4.750% | 4/15/43 | 1,876 | 2,500 | ||
Abbott Laboratories | 4.900% | 11/30/46 | 6,813 | 9,454 | ||
AbbVie Inc. | 4.550% | 3/15/35 | 4,691 | 5,710 | ||
AbbVie Inc. | 4.500% | 5/14/35 | 5,899 | 7,171 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
AbbVie Inc. | 4.300% | 5/14/36 | 4,182 | 4,994 | ||
AbbVie Inc. | 4.050% | 11/21/39 | 7,121 | 8,355 | ||
AbbVie Inc. | 4.625% | 10/1/42 | 2,275 | 2,822 | ||
AbbVie Inc. | 4.400% | 11/6/42 | 4,156 | 5,069 | ||
AbbVie Inc. | 4.850% | 6/15/44 | 1,310 | 1,677 | ||
AbbVie Inc. | 4.750% | 3/15/45 | 2,272 | 2,863 | ||
AbbVie Inc. | 4.700% | 5/14/45 | 5,085 | 6,405 | ||
AbbVie Inc. | 4.450% | 5/14/46 | 5,427 | 6,660 | ||
AbbVie Inc. | 4.875% | 11/14/48 | 3,865 | 5,053 | ||
AbbVie Inc. | 4.250% | 11/21/49 | 14,248 | 17,304 | ||
Adventist Health System | 3.630% | 3/1/49 | 770 | 870 | ||
Advocate Health & Hospitals Corp. | 4.272% | 8/15/48 | 544 | 700 | ||
Advocate Health & Hospitals Corp. | 3.387% | 10/15/49 | 740 | 837 | ||
2 | Advocate Health & Hospitals Corp. | 3.008% | 6/15/50 | 1,963 | 2,087 | |
Aetna Inc. | 6.625% | 6/15/36 | 1,708 | 2,492 | ||
Aetna Inc. | 6.750% | 12/15/37 | 657 | 976 | ||
Aetna Inc. | 4.500% | 5/15/42 | 680 | 827 | ||
Aetna Inc. | 4.125% | 11/15/42 | 2,038 | 2,370 | ||
Aetna Inc. | 4.750% | 3/15/44 | 1,158 | 1,457 | ||
Aetna Inc. | 3.875% | 8/15/47 | 2,729 | 3,092 | ||
AHS Hospital Corp. | 5.024% | 7/1/45 | 948 | 1,317 | ||
2 | AHS Hospital Corp. | 2.780% | 7/1/51 | 1,230 | 1,248 | |
2 | Allina Health System | 3.887% | 4/15/49 | 412 | 491 | |
AmerisourceBergen Corp. | 4.250% | 3/1/45 | 1,345 | 1,583 | ||
AmerisourceBergen Corp. | 4.300% | 12/15/47 | 941 | 1,110 | ||
Amgen Inc. | 2.000% | 1/15/32 | 4,500 | 4,432 | ||
Amgen Inc. | 6.400% | 2/1/39 | 350 | 506 | ||
Amgen Inc. | 3.150% | 2/21/40 | 3,335 | 3,493 | ||
Amgen Inc. | 5.750% | 3/15/40 | 344 | 471 | ||
Amgen Inc. | 2.800% | 8/15/41 | 3,000 | 2,970 | ||
Amgen Inc. | 4.950% | 10/1/41 | 2,056 | 2,654 | ||
Amgen Inc. | 5.150% | 11/15/41 | 1,717 | 2,258 | ||
Amgen Inc. | 5.650% | 6/15/42 | 575 | 796 | ||
Amgen Inc. | 4.400% | 5/1/45 | 5,970 | 7,284 | ||
Amgen Inc. | 4.563% | 6/15/48 | 3,157 | 3,984 | ||
Amgen Inc. | 3.375% | 2/21/50 | 5,288 | 5,623 | ||
Amgen Inc. | 4.663% | 6/15/51 | 7,572 | 9,821 | ||
Amgen Inc. | 3.000% | 1/15/52 | 4,100 | 4,078 | ||
Amgen Inc. | 2.770% | 9/1/53 | 2,537 | 2,431 | ||
Anthem Inc. | 5.950% | 12/15/34 | 686 | 951 | ||
Anthem Inc. | 5.850% | 1/15/36 | 1,085 | 1,478 | ||
Anthem Inc. | 4.625% | 5/15/42 | 1,527 | 1,911 | ||
Anthem Inc. | 4.650% | 1/15/43 | 2,576 | 3,238 | ||
Anthem Inc. | 5.100% | 1/15/44 | 1,963 | 2,594 | ||
Anthem Inc. | 4.650% | 8/15/44 | 2,416 | 3,051 | ||
Anthem Inc. | 4.375% | 12/1/47 | 2,719 | 3,367 | ||
Anthem Inc. | 4.550% | 3/1/48 | 2,030 | 2,567 | ||
Anthem Inc. | 3.700% | 9/15/49 | 1,973 | 2,228 | ||
Anthem Inc. | 3.125% | 5/15/50 | 2,271 | 2,367 | ||
Anthem Inc. | 3.600% | 3/15/51 | 2,820 | 3,163 | ||
2 | Ascension Health | 3.106% | 11/15/39 | 1,885 | 2,053 | |
Ascension Health | 3.945% | 11/15/46 | 2,637 | 3,278 | ||
2 | Ascension Health | 4.847% | 11/15/53 | 745 | 1,088 | |
AstraZeneca plc | 6.450% | 9/15/37 | 5,270 | 7,933 | ||
AstraZeneca plc | 4.000% | 9/18/42 | 3,985 | 4,855 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
AstraZeneca plc | 4.375% | 11/16/45 | 1,919 | 2,477 | ||
AstraZeneca plc | 4.375% | 8/17/48 | 2,167 | 2,809 | ||
AstraZeneca plc | 2.125% | 8/6/50 | 1,530 | 1,373 | ||
AstraZeneca plc | 3.000% | 5/28/51 | 1,745 | 1,858 | ||
2 | Banner Health | 3.181% | 1/1/50 | 320 | 348 | |
Banner Health | 2.913% | 1/1/51 | 1,225 | 1,275 | ||
2 | Baptist Health South Florida Obligated Group | 3.115% | 11/15/71 | 975 | 971 | |
2 | Baptist Healthcare System Obligated Group | 3.540% | 8/15/50 | 1,116 | 1,230 | |
Baxalta Inc. | 5.250% | 6/23/45 | 1,821 | 2,494 | ||
Baxter International Inc. | 3.500% | 8/15/46 | 913 | 1,014 | ||
2 | BayCare Health System Inc. | 3.831% | 11/15/50 | 1,363 | 1,680 | |
Baylor Scott & White Holdings | 4.185% | 11/15/45 | 1,441 | 1,788 | ||
Baylor Scott & White Holdings | 3.967% | 11/15/46 | 648 | 794 | ||
2 | Baylor Scott & White Holdings | 2.839% | 11/15/50 | 2,217 | 2,258 | |
Becton Dickinson & Co. | 4.685% | 12/15/44 | 404 | 513 | ||
Becton Dickinson & Co. | 4.669% | 6/6/47 | 5,120 | 6,499 | ||
Becton Dickinson & Co. | 3.794% | 5/20/50 | 1,520 | 1,726 | ||
Biogen Inc. | 3.150% | 5/1/50 | 4,659 | 4,604 | ||
1 | Biogen Inc. | 3.250% | 2/15/51 | 2,465 | 2,479 | |
2 | Bon Secours Mercy Health Inc. | 3.205% | 6/1/50 | 800 | 850 | |
Boston Scientific Corp. | 7.000% | 11/15/35 | 395 | 566 | ||
Boston Scientific Corp. | 4.550% | 3/1/39 | 2,181 | 2,688 | ||
Boston Scientific Corp. | 4.700% | 3/1/49 | 3,147 | 4,091 | ||
Bristol-Myers Squibb Co. | 4.125% | 6/15/39 | 2,731 | 3,328 | ||
Bristol-Myers Squibb Co. | 2.350% | 11/13/40 | 1,775 | 1,722 | ||
Bristol-Myers Squibb Co. | 3.250% | 8/1/42 | 1,480 | 1,623 | ||
Bristol-Myers Squibb Co. | 4.500% | 3/1/44 | 1,995 | 2,600 | ||
Bristol-Myers Squibb Co. | 4.625% | 5/15/44 | 2,831 | 3,744 | ||
Bristol-Myers Squibb Co. | 5.000% | 8/15/45 | 3,822 | 5,266 | ||
Bristol-Myers Squibb Co. | 4.350% | 11/15/47 | 3,430 | 4,380 | ||
Bristol-Myers Squibb Co. | 4.550% | 2/20/48 | 4,068 | 5,357 | ||
Bristol-Myers Squibb Co. | 4.250% | 10/26/49 | 8,247 | 10,492 | ||
Bristol-Myers Squibb Co. | 2.550% | 11/13/50 | 2,415 | 2,344 | ||
Cardinal Health Inc. | 4.600% | 3/15/43 | 1,007 | 1,191 | ||
Cardinal Health Inc. | 4.500% | 11/15/44 | 754 | 870 | ||
Cardinal Health Inc. | 4.900% | 9/15/45 | 1,575 | 1,915 | ||
Cardinal Health Inc. | 4.368% | 6/15/47 | 531 | 602 | ||
2 | Catholic Health Services of Long Island Obligated Group | 3.368% | 7/1/50 | 815 | 861 | |
Children's Health System of Texas | 2.511% | 8/15/50 | 1,305 | 1,250 | ||
2 | Children's Hospital | 2.928% | 7/15/50 | 840 | 862 | |
2 | Children's Hospital Corp. | 4.115% | 1/1/47 | 655 | 844 | |
2 | Children's Hospital Corp. | 2.585% | 2/1/50 | 1,265 | 1,244 | |
Children's Hospital Medical Center | 4.268% | 5/15/44 | 765 | 967 | ||
2 | Children's Hospital of Philadelphia | 2.704% | 7/1/50 | 1,300 | 1,296 | |
Cigna Corp. | 4.800% | 8/15/38 | 4,546 | 5,691 | ||
Cigna Corp. | 3.200% | 3/15/40 | 1,213 | 1,273 | ||
2 | Cigna Corp. | 6.125% | 11/15/41 | 1,398 | 2,011 | |
2 | Cigna Corp. | 4.800% | 7/15/46 | 4,125 | 5,271 | |
2 | Cigna Corp. | 3.875% | 10/15/47 | 2,958 | 3,358 | |
Cigna Corp. | 4.900% | 12/15/48 | 5,538 | 7,242 | ||
Cigna Corp. | 3.400% | 3/15/50 | 3,723 | 3,970 | ||
Cigna Corp. | 3.400% | 3/15/51 | 1,605 | 1,712 | ||
2 | City of Hope | 5.623% | 11/15/43 | 367 | 534 | |
2 | City of Hope | 4.378% | 8/15/48 | 1,220 | 1,553 | |
2 | CommonSpirit Health | 4.350% | 11/1/42 | 2,187 | 2,586 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
CommonSpirit Health | 3.817% | 10/1/49 | 1,525 | 1,754 | ||
CommonSpirit Health | 4.187% | 10/1/49 | 2,071 | 2,416 | ||
CommonSpirit Health | 3.910% | 10/1/50 | 1,040 | 1,167 | ||
2 | Community Health Network Inc. | 3.099% | 5/1/50 | 1,100 | 1,120 | |
2 | Cottage Health Obligated Group | 3.304% | 11/1/49 | 1,244 | 1,385 | |
CVS Health Corp. | 2.125% | 9/15/31 | 2,000 | 1,994 | ||
CVS Health Corp. | 4.875% | 7/20/35 | 3,507 | 4,318 | ||
CVS Health Corp. | 4.780% | 3/25/38 | 9,701 | 12,058 | ||
CVS Health Corp. | 6.125% | 9/15/39 | 836 | 1,185 | ||
CVS Health Corp. | 4.125% | 4/1/40 | 3,346 | 3,914 | ||
CVS Health Corp. | 2.700% | 8/21/40 | 2,746 | 2,693 | ||
CVS Health Corp. | 5.300% | 12/5/43 | 3,455 | 4,635 | ||
CVS Health Corp. | 5.125% | 7/20/45 | 6,620 | 8,733 | ||
CVS Health Corp. | 5.050% | 3/25/48 | 18,337 | 24,256 | ||
CVS Health Corp. | 4.250% | 4/1/50 | 755 | 917 | ||
Danaher Corp. | 4.375% | 9/15/45 | 632 | 803 | ||
Danaher Corp. | 2.600% | 10/1/50 | 2,935 | 2,865 | ||
2 | Dartmouth-Hitchcock Health | 4.178% | 8/1/48 | 728 | 877 | |
DH Europe Finance II Sarl | 3.250% | 11/15/39 | 2,807 | 3,055 | ||
DH Europe Finance II Sarl | 3.400% | 11/15/49 | 925 | 1,029 | ||
Dignity Health | 4.500% | 11/1/42 | 1,025 | 1,240 | ||
Dignity Health | 5.267% | 11/1/64 | 624 | 879 | ||
2 | Duke University Health System Inc. | 3.920% | 6/1/47 | 1,238 | 1,505 | |
Eli Lilly & Co. | 3.950% | 5/15/47 | 250 | 302 | ||
Eli Lilly & Co. | 3.950% | 3/15/49 | 5,663 | 6,974 | ||
Eli Lilly & Co. | 2.250% | 5/15/50 | 635 | 589 | ||
Eli Lilly & Co. | 4.150% | 3/15/59 | 3,650 | 4,734 | ||
Eli Lilly & Co. | 2.500% | 9/15/60 | 1,985 | 1,865 | ||
2 | Franciscan Missionaries of Our Lady Health System Inc. | 3.914% | 7/1/49 | 290 | 341 | |
Gilead Sciences Inc. | 4.600% | 9/1/35 | 3,765 | 4,645 | ||
Gilead Sciences Inc. | 4.000% | 9/1/36 | 2,085 | 2,442 | ||
Gilead Sciences Inc. | 2.600% | 10/1/40 | 1,545 | 1,504 | ||
Gilead Sciences Inc. | 5.650% | 12/1/41 | 2,340 | 3,279 | ||
Gilead Sciences Inc. | 4.800% | 4/1/44 | 5,486 | 7,052 | ||
Gilead Sciences Inc. | 4.500% | 2/1/45 | 4,226 | 5,231 | ||
Gilead Sciences Inc. | 4.750% | 3/1/46 | 4,118 | 5,295 | ||
Gilead Sciences Inc. | 4.150% | 3/1/47 | 1,907 | 2,284 | ||
Gilead Sciences Inc. | 2.800% | 10/1/50 | 2,115 | 2,061 | ||
GlaxoSmithKline Capital Inc. | 5.375% | 4/15/34 | 777 | 1,052 | ||
GlaxoSmithKline Capital Inc. | 6.375% | 5/15/38 | 7,233 | 10,906 | ||
GlaxoSmithKline Capital Inc. | 4.200% | 3/18/43 | 889 | 1,107 | ||
2 | Hackensack Meridian Health Inc. | 2.675% | 9/1/41 | 742 | 744 | |
Hackensack Meridian Health Inc. | 4.211% | 7/1/48 | 890 | 1,112 | ||
2 | Hackensack Meridian Health Inc. | 2.875% | 9/1/50 | 990 | 1,011 | |
Hackensack Meridian Health Inc. | 4.500% | 7/1/57 | 828 | 1,137 | ||
2 | Hartford HealthCare Corp. | 3.447% | 7/1/54 | 1,030 | 1,104 | |
HCA Inc. | 5.125% | 6/15/39 | 2,705 | 3,402 | ||
HCA Inc. | 5.500% | 6/15/47 | 3,209 | 4,235 | ||
HCA Inc. | 5.250% | 6/15/49 | 3,885 | 5,068 | ||
HCA Inc. | 3.500% | 7/15/51 | 3,765 | 3,843 | ||
Humana Inc. | 2.150% | 2/3/32 | 1,750 | 1,746 | ||
Humana Inc. | 4.625% | 12/1/42 | 1,963 | 2,445 | ||
Humana Inc. | 4.950% | 10/1/44 | 959 | 1,255 | ||
Humana Inc. | 4.800% | 3/15/47 | 920 | 1,186 | ||
Humana Inc. | 3.950% | 8/15/49 | 645 | 756 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
IHC Health Services Inc. | 4.131% | 5/15/48 | 926 | 1,189 | ||
Indiana University Health Inc. Obligated Group | 3.970% | 11/1/48 | 991 | 1,237 | ||
2 | Indiana University Health Inc. Obligated Group | 2.852% | 11/1/51 | 750 | 782 | |
2 | Integris Baptist Medical Center Inc. | 3.875% | 8/15/50 | 1,350 | 1,555 | |
2 | Iowa Health System | 3.665% | 2/15/50 | 255 | 294 | |
Johns Hopkins Health System Corp. | 3.837% | 5/15/46 | 1,592 | 1,903 | ||
Johnson & Johnson | 4.950% | 5/15/33 | 889 | 1,176 | ||
Johnson & Johnson | 4.375% | 12/5/33 | 2,941 | 3,693 | ||
Johnson & Johnson | 3.550% | 3/1/36 | 2,554 | 3,005 | ||
Johnson & Johnson | 3.625% | 3/3/37 | 3,366 | 3,961 | ||
Johnson & Johnson | 5.950% | 8/15/37 | 1,902 | 2,811 | ||
Johnson & Johnson | 3.400% | 1/15/38 | 3,534 | 4,053 | ||
Johnson & Johnson | 5.850% | 7/15/38 | 1,851 | 2,734 | ||
Johnson & Johnson | 2.100% | 9/1/40 | 1,962 | 1,901 | ||
Johnson & Johnson | 4.500% | 9/1/40 | 1,192 | 1,562 | ||
Johnson & Johnson | 4.850% | 5/15/41 | 1,621 | 2,192 | ||
Johnson & Johnson | 4.500% | 12/5/43 | 1,156 | 1,523 | ||
Johnson & Johnson | 3.700% | 3/1/46 | 3,593 | 4,329 | ||
Johnson & Johnson | 3.750% | 3/3/47 | 1,847 | 2,256 | ||
Johnson & Johnson | 3.500% | 1/15/48 | 1,214 | 1,435 | ||
Johnson & Johnson | 2.250% | 9/1/50 | 1,700 | 1,630 | ||
Johnson & Johnson | 2.450% | 9/1/60 | 1,682 | 1,634 | ||
2 | Kaiser Foundation Hospitals | 2.810% | 6/1/41 | 2,375 | 2,449 | |
Kaiser Foundation Hospitals | 4.875% | 4/1/42 | 2,440 | 3,336 | ||
Kaiser Foundation Hospitals | 4.150% | 5/1/47 | 4,044 | 5,094 | ||
2 | Kaiser Foundation Hospitals | 3.266% | 11/1/49 | 1,831 | 2,015 | |
2 | Kaiser Foundation Hospitals | 3.002% | ��6/1/51 | 2,285 | 2,392 | |
Koninklijke Philips NV | 6.875% | 3/11/38 | 1,995 | 3,034 | ||
Koninklijke Philips NV | 5.000% | 3/15/42 | 1,009 | 1,343 | ||
Laboratory Corp. of America Holdings | 4.700% | 2/1/45 | 2,050 | 2,545 | ||
2 | Mass General Brigham Inc. | 3.765% | 7/1/48 | 750 | 896 | |
2 | Mass General Brigham Inc. | 3.192% | 7/1/49 | 1,172 | 1,259 | |
2 | Mass General Brigham Inc. | 4.117% | 7/1/55 | 370 | 471 | |
2 | Mass General Brigham Inc. | 3.342% | 7/1/60 | 1,770 | 1,986 | |
2 | Mayo Clinic | 4.000% | 11/15/47 | 813 | 1,019 | |
2 | Mayo Clinic | 4.128% | 11/15/52 | 660 | 858 | |
2 | Mayo Clinic | 3.196% | 11/15/61 | 1,590 | 1,758 | |
2 | McLaren Health Care Corp. | 4.386% | 5/15/48 | 1,025 | 1,317 | |
2 | MedStar Health Inc. | 3.626% | 8/15/49 | 720 | 814 | |
Medtronic Inc. | 4.375% | 3/15/35 | 5,175 | 6,494 | ||
Medtronic Inc. | 4.625% | 3/15/45 | 3,668 | 4,894 | ||
Memorial Health Services | 3.447% | 11/1/49 | 775 | 869 | ||
Memorial Sloan-Kettering Cancer Center | 5.000% | 7/1/42 | 580 | 802 | ||
2 | Memorial Sloan-Kettering Cancer Center | 2.955% | 1/1/50 | 1,255 | 1,306 | |
Memorial Sloan-Kettering Cancer Center | 4.125% | 7/1/52 | 2,235 | 2,871 | ||
2 | Memorial Sloan-Kettering Cancer Center | 4.200% | 7/1/55 | 429 | 562 | |
Merck & Co. Inc. | 6.500% | 12/1/33 | 1,600 | 2,377 | ||
Merck & Co. Inc. | 3.900% | 3/7/39 | 2,473 | 2,952 | ||
Merck & Co. Inc. | 2.350% | 6/24/40 | 2,482 | 2,434 | ||
Merck & Co. Inc. | 3.600% | 9/15/42 | 1,605 | 1,864 | ||
Merck & Co. Inc. | 4.150% | 5/18/43 | 2,662 | 3,310 | ||
Merck & Co. Inc. | 3.700% | 2/10/45 | 4,616 | 5,412 | ||
Merck & Co. Inc. | 4.000% | 3/7/49 | 3,498 | 4,328 | ||
Merck & Co. Inc. | 2.450% | 6/24/50 | 2,666 | 2,561 | ||
Merck Sharp & Dohme Corp. | 5.750% | 11/15/36 | 454 | 634 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
2 | Methodist Hospital | 2.705% | 12/1/50 | 1,395 | 1,396 | |
2 | MidMichigan Health | 3.409% | 6/1/50 | 845 | 947 | |
2 | Montefiore Obligated Group | 5.246% | 11/1/48 | 1,100 | 1,312 | |
Montefiore Obligated Group | 4.287% | 9/1/50 | 775 | 828 | ||
2 | Mount Sinai Hospitals Group Inc. | 3.981% | 7/1/48 | 625 | 706 | |
2 | Mount Sinai Hospitals Group Inc. | 3.737% | 7/1/49 | 725 | 818 | |
2 | Mount Sinai Hospitals Group Inc. | 3.391% | 7/1/50 | 1,480 | 1,586 | |
MultiCare Health System | 2.803% | 8/15/50 | 720 | 736 | ||
Mylan Inc. | 5.400% | 11/29/43 | 1,945 | 2,455 | ||
Mylan Inc. | 5.200% | 4/15/48 | 1,544 | 1,923 | ||
New York & Presbyterian Hospital | 2.256% | 8/1/40 | 1,386 | 1,331 | ||
New York & Presbyterian Hospital | 4.024% | 8/1/45 | 638 | 794 | ||
New York & Presbyterian Hospital | 4.063% | 8/1/56 | 939 | 1,214 | ||
New York & Presbyterian Hospital | 2.606% | 8/1/60 | 987 | 950 | ||
2 | New York & Presbyterian Hospital | 3.954% | 8/1/19 | 1,292 | 1,573 | |
Northwell Healthcare Inc. | 3.979% | 11/1/46 | 1,665 | 1,921 | ||
Northwell Healthcare Inc. | 4.260% | 11/1/47 | 1,580 | 1,905 | ||
Northwell Healthcare Inc. | 3.809% | 11/1/49 | 990 | 1,133 | ||
Novant Health Inc. | 2.637% | 11/1/36 | 1,715 | 1,779 | ||
Novant Health Inc. | 3.168% | 11/1/51 | 1,650 | 1,781 | ||
Novartis Capital Corp. | 3.700% | 9/21/42 | 1,459 | 1,725 | ||
Novartis Capital Corp. | 4.400% | 5/6/44 | 5,532 | 7,201 | ||
Novartis Capital Corp. | 4.000% | 11/20/45 | 1,864 | 2,308 | ||
Novartis Capital Corp. | 2.750% | 8/14/50 | 2,268 | 2,349 | ||
2 | NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery | 2.667% | 10/1/50 | 1,045 | 1,006 | |
2 | NYU Langone Hospitals | 5.750% | 7/1/43 | 995 | 1,428 | |
NYU Langone Hospitals | 4.784% | 7/1/44 | 817 | 1,082 | ||
2 | NYU Langone Hospitals | 4.368% | 7/1/47 | 798 | 967 | |
2 | NYU Langone Hospitals | 3.380% | 7/1/55 | 1,597 | 1,702 | |
2 | OhioHealth Corp. | 3.042% | 11/15/50 | 861 | 922 | |
Orlando Health Obligated Group | 4.089% | 10/1/48 | 648 | 797 | ||
Orlando Health Obligated Group | 3.327% | 10/1/50 | 865 | 939 | ||
2 | PeaceHealth Obligated Group | 4.787% | 11/15/48 | 635 | 871 | |
2 | PeaceHealth Obligated Group | 3.218% | 11/15/50 | 1,340 | 1,454 | |
PerkinElmer Inc. | 3.625% | 3/15/51 | 1,120 | 1,223 | ||
Perrigo Finance Unlimited Co. | 4.900% | 12/15/44 | 501 | 538 | ||
Pfizer Inc. | 4.000% | 12/15/36 | 3,709 | 4,503 | ||
Pfizer Inc. | 4.100% | 9/15/38 | 1,740 | 2,130 | ||
Pfizer Inc. | 3.900% | 3/15/39 | 2,212 | 2,648 | ||
Pfizer Inc. | 7.200% | 3/15/39 | 4,371 | 7,159 | ||
Pfizer Inc. | 2.550% | 5/28/40 | 2,553 | 2,591 | ||
Pfizer Inc. | 4.300% | 6/15/43 | 2,761 | 3,482 | ||
Pfizer Inc. | 4.400% | 5/15/44 | 3,758 | 4,832 | ||
Pfizer Inc. | 4.125% | 12/15/46 | 2,759 | 3,450 | ||
Pfizer Inc. | 4.200% | 9/15/48 | 2,562 | 3,248 | ||
Pfizer Inc. | 4.000% | 3/15/49 | 2,278 | 2,821 | ||
Pfizer Inc. | 2.700% | 5/28/50 | 1,881 | 1,906 | ||
2 | Providence St. Joseph Health Obligated Group | 3.744% | 10/1/47 | 963 | 1,130 | |
2 | Providence St. Joseph Health Obligated Group | 3.930% | 10/1/48 | 850 | 1,018 | |
2 | Rady Children's Hospital-San Diego | 3.154% | 8/15/51 | 1,000 | 1,078 | |
Regeneron Pharmaceuticals Inc. | 2.800% | 9/15/50 | 1,328 | 1,258 | ||
Royalty Pharma plc | 2.150% | 9/2/31 | 950 | 928 | ||
Royalty Pharma plc | 3.300% | 9/2/40 | 2,235 | 2,265 | ||
Royalty Pharma plc | 3.550% | 9/2/50 | 2,320 | 2,324 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Royalty Pharma plc | 3.350% | 9/2/51 | 1,850 | 1,795 | ||
RWJ Barnabas Health Inc. | 3.949% | 7/1/46 | 1,026 | 1,241 | ||
RWJ Barnabas Health Inc. | 3.477% | 7/1/49 | 685 | 776 | ||
2 | Seattle Children's Hospital | 2.719% | 10/1/50 | 875 | 870 | |
2 | Sharp HealthCare | 2.680% | 8/1/50 | 600 | 593 | |
2 | Spectrum Health System Obligated Group | 3.487% | 7/15/49 | 860 | 979 | |
2 | Stanford Health Care | 3.795% | 11/15/48 | 1,080 | 1,304 | |
Stanford Health Care | 3.027% | 8/15/51 | 1,113 | 1,181 | ||
STERIS Irish FinCo Unltd. Co. | 3.750% | 3/15/51 | 1,680 | 1,844 | ||
Stryker Corp. | 4.100% | 4/1/43 | 1,001 | 1,186 | ||
Stryker Corp. | 4.375% | 5/15/44 | 1,509 | 1,880 | ||
Stryker Corp. | 4.625% | 3/15/46 | 1,463 | 1,921 | ||
Stryker Corp. | 2.900% | 6/15/50 | 1,117 | 1,143 | ||
Summa Health | 3.511% | 11/15/51 | 160 | 172 | ||
2 | Sutter Health | 3.161% | 8/15/40 | 1,360 | 1,452 | |
2 | Sutter Health | 4.091% | 8/15/48 | 980 | 1,202 | |
2 | Sutter Health | 3.361% | 8/15/50 | 1,210 | 1,320 | |
Takeda Pharmaceutical Co. Ltd. | 3.025% | 7/9/40 | 3,672 | 3,772 | ||
Takeda Pharmaceutical Co. Ltd. | 3.175% | 7/9/50 | 3,165 | 3,278 | ||
Takeda Pharmaceutical Co. Ltd. | 3.375% | 7/9/60 | 2,540 | 2,701 | ||
Texas Health Resources | 2.328% | 11/15/50 | 1,320 | 1,219 | ||
2 | Texas Health Resources | 4.330% | 11/15/55 | 386 | 515 | |
Thermo Fisher Scientific Inc. | 2.000% | 10/15/31 | 3,000 | 2,995 | ||
Thermo Fisher Scientific Inc. | 2.800% | 10/15/41 | 3,000 | 3,065 | ||
Thermo Fisher Scientific Inc. | 5.300% | 2/1/44 | 1,613 | 2,264 | ||
Thermo Fisher Scientific Inc. | 4.100% | 8/15/47 | 581 | 722 | ||
Toledo Hospital | 5.750% | 11/15/38 | 1,110 | 1,337 | ||
Toledo Hospital | 6.015% | 11/15/48 | 1,005 | 1,238 | ||
2 | Trinity Health Corp. | ���2.632% | 12/1/40 | 1,290 | 1,289 | |
Trinity Health Corp. | 4.125% | 12/1/45 | 765 | 962 | ||
2 | Trinity Health Corp. | 3.434% | 12/1/48 | 610 | 684 | |
UnitedHealth Group Inc. | 4.625% | 7/15/35 | 3,828 | 4,864 | ||
UnitedHealth Group Inc. | 5.800% | 3/15/36 | 601 | 851 | ||
UnitedHealth Group Inc. | 6.500% | 6/15/37 | 800 | 1,211 | ||
UnitedHealth Group Inc. | 6.625% | 11/15/37 | 2,434 | 3,725 | ||
UnitedHealth Group Inc. | 6.875% | 2/15/38 | 883 | 1,377 | ||
UnitedHealth Group Inc. | 3.500% | 8/15/39 | 2,746 | 3,104 | ||
UnitedHealth Group Inc. | 2.750% | 5/15/40 | 1,627 | 1,672 | ||
UnitedHealth Group Inc. | 5.700% | 10/15/40 | 1,454 | 2,072 | ||
UnitedHealth Group Inc. | 5.950% | 2/15/41 | 1,046 | 1,538 | ||
UnitedHealth Group Inc. | 3.050% | 5/15/41 | 3,300 | 3,498 | ||
UnitedHealth Group Inc. | 4.625% | 11/15/41 | 1,138 | 1,455 | ||
UnitedHealth Group Inc. | 4.375% | 3/15/42 | 1,733 | 2,166 | ||
UnitedHealth Group Inc. | 3.950% | 10/15/42 | 2,476 | 2,967 | ||
UnitedHealth Group Inc. | 4.250% | 3/15/43 | 1,645 | 2,044 | ||
UnitedHealth Group Inc. | 4.750% | 7/15/45 | 2,594 | 3,459 | ||
UnitedHealth Group Inc. | 4.200% | 1/15/47 | 2,629 | 3,255 | ||
UnitedHealth Group Inc. | 4.250% | 4/15/47 | 932 | 1,167 | ||
UnitedHealth Group Inc. | 3.750% | 10/15/47 | 1,893 | 2,213 | ||
UnitedHealth Group Inc. | 4.250% | 6/15/48 | 2,769 | 3,491 | ||
UnitedHealth Group Inc. | 4.450% | 12/15/48 | 2,410 | 3,132 | ||
UnitedHealth Group Inc. | 3.700% | 8/15/49 | 3,580 | 4,162 | ||
UnitedHealth Group Inc. | 2.900% | 5/15/50 | 2,254 | 2,332 | ||
UnitedHealth Group Inc. | 3.250% | 5/15/51 | 5,750 | 6,300 | ||
UnitedHealth Group Inc. | 3.875% | 8/15/59 | 3,608 | 4,366 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
UnitedHealth Group Inc. | 3.125% | 5/15/60 | 1,730 | 1,831 | ||
Utah Acquisition Sub Inc. | 5.250% | 6/15/46 | 2,744 | 3,405 | ||
1 | Viatris Inc. | 3.850% | 6/22/40 | 2,999 | 3,248 | |
1 | Viatris Inc. | 4.000% | 6/22/50 | 4,583 | 4,989 | |
2 | West Virginia United Health System Obligated Group | 3.129% | 6/1/50 | 915 | 947 | |
2 | Willis-Knighton Medical Center | 4.813% | 9/1/48 | 300 | 401 | |
2 | Willis-Knighton Medical Center | 3.065% | 3/1/51 | 1,425 | 1,445 | |
Wyeth LLC | 6.500% | 2/1/34 | 2,492 | 3,637 | ||
Wyeth LLC | 6.000% | 2/15/36 | 1,477 | 2,130 | ||
Wyeth LLC | 5.950% | 4/1/37 | 2,643 | 3,793 | ||
2 | Yale-New Haven Health Services Corp. | 2.496% | 7/1/50 | 795 | 758 | |
Zimmer Biomet Holdings Inc. | 5.750% | 11/30/39 | 900 | 1,224 | ||
Zimmer Biomet Holdings Inc. | 4.450% | 8/15/45 | 897 | 1,083 | ||
Zoetis Inc. | 4.700% | 2/1/43 | 1,590 | 2,067 | ||
Zoetis Inc. | 3.950% | 9/12/47 | 1,356 | 1,627 | ||
Zoetis Inc. | 4.450% | 8/20/48 | 1,918 | 2,489 | ||
Zoetis Inc. | 3.000% | 5/15/50 | 700 | 735 | ||
899,877 | ||||||
Industrials (8.5%) | ||||||
2 | 3M Co. | 5.700% | 3/15/37 | 1,045 | 1,469 | |
2 | 3M Co. | 3.875% | 6/15/44 | 520 | 624 | |
2 | 3M Co. | 3.125% | 9/19/46 | 1,274 | 1,367 | |
2 | 3M Co. | 3.625% | 10/15/47 | 1,657 | 1,926 | |
2,4 | 3M Co. | 4.000% | 9/14/48 | 3,892 | 4,789 | |
3M Co. | 3.250% | 8/26/49 | 35 | 38 | ||
3M Co. | 3.700% | 4/15/50 | 2,976 | 3,528 | ||
ABB Finance USA Inc. | 4.375% | 5/8/42 | 35 | 46 | ||
2 | American Airlines Pass-Through Trust Class AA Series 2019-1 | 3.150% | 2/15/32 | 1,837 | 1,877 | |
Boeing Co. | 6.125% | 2/15/33 | 416 | 535 | ||
Boeing Co. | 3.600% | 5/1/34 | 3,503 | 3,710 | ||
Boeing Co. | 3.250% | 2/1/35 | 1,123 | 1,151 | ||
Boeing Co. | 6.625% | 2/15/38 | 1,038 | 1,413 | ||
Boeing Co. | 3.550% | 3/1/38 | 1,658 | 1,702 | ||
Boeing Co. | 3.500% | 3/1/39 | 1,014 | 1,025 | ||
Boeing Co. | 6.875% | 3/15/39 | 649 | 910 | ||
Boeing Co. | 5.875% | 2/15/40 | 2,414 | 3,130 | ||
Boeing Co. | 5.705% | 5/1/40 | 4,925 | 6,372 | ||
Boeing Co. | 3.650% | 3/1/47 | 1,539 | 1,551 | ||
Boeing Co. | 3.625% | 3/1/48 | 1,523 | 1,527 | ||
Boeing Co. | 3.850% | 11/1/48 | 2,655 | 2,751 | ||
Boeing Co. | 3.900% | 5/1/49 | 2,521 | 2,646 | ||
Boeing Co. | 3.750% | 2/1/50 | 2,251 | 2,336 | ||
Boeing Co. | 5.805% | 5/1/50 | 11,237 | 15,293 | ||
Boeing Co. | 3.825% | 3/1/59 | 1,585 | 1,605 | ||
Boeing Co. | 3.950% | 8/1/59 | 1,642 | 1,711 | ||
Boeing Co. | 5.930% | 5/1/60 | 7,884 | 10,950 | ||
Burlington Northern Santa Fe LLC | 6.200% | 8/15/36 | 215 | 310 | ||
Burlington Northern Santa Fe LLC | 6.150% | 5/1/37 | 545 | 793 | ||
Burlington Northern Santa Fe LLC | 5.750% | 5/1/40 | 2,398 | 3,404 | ||
Burlington Northern Santa Fe LLC | 5.050% | 3/1/41 | 1,216 | 1,620 | ||
Burlington Northern Santa Fe LLC | 5.400% | 6/1/41 | 1,008 | 1,398 | ||
Burlington Northern Santa Fe LLC | 4.950% | 9/15/41 | 1,326 | 1,750 | ||
Burlington Northern Santa Fe LLC | 4.400% | 3/15/42 | 1,748 | 2,178 | ||
Burlington Northern Santa Fe LLC | 4.375% | 9/1/42 | 2,414 | 3,008 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Burlington Northern Santa Fe LLC | 4.450% | 3/15/43 | 2,219 | 2,813 | ||
Burlington Northern Santa Fe LLC | 5.150% | 9/1/43 | 1,575 | 2,165 | ||
Burlington Northern Santa Fe LLC | 4.900% | 4/1/44 | 1,547 | 2,076 | ||
Burlington Northern Santa Fe LLC | 4.550% | 9/1/44 | 2,560 | 3,274 | ||
Burlington Northern Santa Fe LLC | 4.150% | 4/1/45 | 2,539 | 3,103 | ||
Burlington Northern Santa Fe LLC | 4.700% | 9/1/45 | 1,425 | 1,869 | ||
Burlington Northern Santa Fe LLC | 3.900% | 8/1/46 | 1,563 | 1,856 | ||
Burlington Northern Santa Fe LLC | 4.125% | 6/15/47 | 2,273 | 2,794 | ||
Burlington Northern Santa Fe LLC | 4.050% | 6/15/48 | 2,640 | 3,222 | ||
Burlington Northern Santa Fe LLC | 3.550% | 2/15/50 | 757 | 863 | ||
Burlington Northern Santa Fe LLC | 3.050% | 2/15/51 | 1,740 | 1,827 | ||
Burlington Northern Santa Fe LLC | 3.300% | 9/15/51 | 2,242 | 2,462 | ||
Canadian National Railway Co. | 6.250% | 8/1/34 | 608 | 863 | ||
Canadian National Railway Co. | 6.200% | 6/1/36 | 382 | 548 | ||
Canadian National Railway Co. | 6.375% | 11/15/37 | 1,341 | 1,953 | ||
Canadian National Railway Co. | 4.500% | 11/7/43 | 200 | 243 | ||
Canadian National Railway Co. | 3.200% | 8/2/46 | 1,286 | 1,360 | ||
Canadian National Railway Co. | 3.650% | 2/3/48 | 2,102 | 2,394 | ||
Canadian National Railway Co. | 4.450% | 1/20/49 | 1,178 | 1,514 | ||
Canadian National Railway Co. | 2.450% | 5/1/50 | 1,217 | 1,126 | ||
Canadian Pacific Railway Co. | 4.800% | 9/15/35 | 1,272 | 1,574 | ||
Canadian Pacific Railway Co. | 5.950% | 5/15/37 | 1,400 | 1,945 | ||
Canadian Pacific Railway Co. | 4.800% | 8/1/45 | 1,800 | 2,318 | ||
Canadian Pacific Railway Co. | 6.125% | 9/15/15 | 1,218 | 1,910 | ||
Carrier Global Corp. | 3.377% | 4/5/40 | 3,803 | 4,068 | ||
Carrier Global Corp. | 3.577% | 4/5/50 | 5,390 | 5,872 | ||
Caterpillar Inc. | 5.300% | 9/15/35 | 888 | 1,205 | ||
Caterpillar Inc. | 6.050% | 8/15/36 | 370 | 544 | ||
Caterpillar Inc. | 5.200% | 5/27/41 | 2,111 | 2,935 | ||
Caterpillar Inc. | 3.803% | 8/15/42 | 3,174 | 3,799 | ||
Caterpillar Inc. | 4.300% | 5/15/44 | 845 | 1,094 | ||
Caterpillar Inc. | 3.250% | 9/19/49 | 4,125 | 4,588 | ||
Caterpillar Inc. | 3.250% | 4/9/50 | 2,610 | 2,921 | ||
Caterpillar Inc. | 4.750% | 5/15/64 | 585 | 853 | ||
Crane Co. | 4.200% | 3/15/48 | 704 | 793 | ||
CSX Corp. | 6.000% | 10/1/36 | 803 | 1,120 | ||
CSX Corp. | 6.150% | 5/1/37 | 1,277 | 1,813 | ||
CSX Corp. | 6.220% | 4/30/40 | 1,348 | 1,983 | ||
CSX Corp. | 5.500% | 4/15/41 | 447 | 611 | ||
CSX Corp. | 4.750% | 5/30/42 | 1,915 | 2,445 | ||
CSX Corp. | 4.400% | 3/1/43 | 727 | 883 | ||
CSX Corp. | 4.100% | 3/15/44 | 874 | 1,033 | ||
CSX Corp. | 3.800% | 11/1/46 | 2,516 | 2,892 | ||
CSX Corp. | 4.300% | 3/1/48 | 2,093 | 2,578 | ||
CSX Corp. | 4.750% | 11/15/48 | 836 | 1,098 | ||
CSX Corp. | 4.500% | 3/15/49 | 1,471 | 1,866 | ||
CSX Corp. | 3.350% | 9/15/49 | 2,540 | 2,736 | ||
CSX Corp. | 3.800% | 4/15/50 | 1,651 | 1,909 | ||
CSX Corp. | 3.950% | 5/1/50 | 1,550 | 1,844 | ||
CSX Corp. | 2.500% | 5/15/51 | 1,630 | 1,506 | ||
CSX Corp. | 4.500% | 8/1/54 | 1,081 | 1,391 | ||
CSX Corp. | 4.250% | 11/1/66 | 1,006 | 1,257 | ||
CSX Corp. | 4.650% | 3/1/68 | 1,334 | 1,773 | ||
Cummins Inc. | 4.875% | 10/1/43 | 748 | 1,011 | ||
Cummins Inc. | 2.600% | 9/1/50 | 1,755 | 1,696 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Deere & Co. | 3.900% | 6/9/42 | 2,672 | 3,253 | ||
Deere & Co. | 2.875% | 9/7/49 | 1,875 | 1,991 | ||
Deere & Co. | 3.750% | 4/15/50 | 1,333 | 1,630 | ||
Dover Corp. | 5.375% | 10/15/35 | 575 | 749 | ||
Dover Corp. | 5.375% | 3/1/41 | 978 | 1,291 | ||
Eaton Corp. | 4.000% | 11/2/32 | 1,178 | 1,387 | ||
Eaton Corp. | 4.150% | 11/2/42 | 1,703 | 2,057 | ||
Eaton Corp. | 3.915% | 9/15/47 | 631 | 744 | ||
Emerson Electric Co. | 5.250% | 11/15/39 | 485 | 661 | ||
Emerson Electric Co. | 2.750% | 10/15/50 | 782 | 791 | ||
FedEx Corp. | 4.900% | 1/15/34 | 2,641 | 3,314 | ||
FedEx Corp. | 3.900% | 2/1/35 | 1,850 | 2,130 | ||
FedEx Corp. | 3.250% | 5/15/41 | 1,190 | 1,243 | ||
FedEx Corp. | 3.875% | 8/1/42 | 775 | 877 | ||
FedEx Corp. | 4.100% | 4/15/43 | 2,118 | 2,449 | ||
FedEx Corp. | 5.100% | 1/15/44 | 1,913 | 2,503 | ||
FedEx Corp. | 4.750% | 11/15/45 | 2,320 | 2,927 | ||
FedEx Corp. | 4.550% | 4/1/46 | 2,115 | 2,599 | ||
FedEx Corp. | 4.400% | 1/15/47 | 2,541 | 3,072 | ||
FedEx Corp. | 4.050% | 2/15/48 | 1,480 | 1,723 | ||
FedEx Corp. | 4.950% | 10/17/48 | 1,982 | 2,607 | ||
FedEx Corp. | 5.250% | 5/15/50 | 2,966 | 4,096 | ||
2 | FedEx Corp. Pass-Through Trust Class AA Series 2020-1 | 1.875% | 2/20/34 | 1,945 | 1,951 | |
Fortive Corp. | 4.300% | 6/15/46 | 1,373 | 1,655 | ||
General Dynamics Corp. | 4.250% | 4/1/40 | 2,980 | 3,702 | ||
General Dynamics Corp. | 2.850% | 6/1/41 | 1,000 | 1,045 | ||
General Dynamics Corp. | 3.600% | 11/15/42 | 257 | 299 | ||
General Dynamics Corp. | 4.250% | 4/1/50 | 742 | 960 | ||
2 | General Electric Co. | 6.750% | 3/15/32 | 6,491 | 9,012 | |
2 | General Electric Co. | 6.150% | 8/7/37 | 2,000 | 2,803 | |
2 | General Electric Co. | 5.875% | 1/14/38 | 6,000 | 8,244 | |
2 | General Electric Co. | 6.875% | 1/10/39 | 2,551 | 3,864 | |
General Electric Co. | 4.250% | 5/1/40 | 1,000 | 1,193 | ||
General Electric Co. | 4.125% | 10/9/42 | 1,350 | 1,576 | ||
General Electric Co. | 4.350% | 5/1/50 | 2,280 | 2,812 | ||
Honeywell International Inc. | 5.700% | 3/15/36 | 383 | 533 | ||
Honeywell International Inc. | 5.700% | 3/15/37 | 818 | 1,149 | ||
Honeywell International Inc. | 5.375% | 3/1/41 | 836 | 1,180 | ||
Honeywell International Inc. | 3.812% | 11/21/47 | 3,442 | 4,177 | ||
Honeywell International Inc. | 2.800% | 6/1/50 | 1,155 | 1,208 | ||
Illinois Tool Works Inc. | 4.875% | 9/15/41 | 1,281 | 1,722 | ||
Illinois Tool Works Inc. | 3.900% | 9/1/42 | 2,511 | 3,014 | ||
2 | JetBlue Pass-Through Trust Class AA Series 2019-1 | 2.750% | 5/15/32 | 216 | 217 | |
2 | JetBlue Pass-Through Trust Class A Series 2020-1 | 4.000% | 11/15/32 | 2,563 | 2,810 | |
2 | Johnson Controls International plc | 6.000% | 1/15/36 | 670 | 952 | |
2 | Johnson Controls International plc | 4.625% | 7/2/44 | 2,401 | 2,996 | |
Johnson Controls International plc | 4.500% | 2/15/47 | 601 | 761 | ||
2 | Johnson Controls International plc | 4.950% | 7/2/64 | 1,355 | 1,871 | |
2 | Kansas City Southern | 4.300% | 5/15/43 | 774 | 917 | |
2 | Kansas City Southern | 4.950% | 8/15/45 | 1,045 | 1,344 | |
Kansas City Southern | 4.700% | 5/1/48 | 1,330 | 1,661 | ||
Kansas City Southern | 3.500% | 5/1/50 | 1,113 | 1,194 | ||
Kansas City Southern | 4.200% | 11/15/69 | 1,219 | 1,425 | ||
L3Harris Technologies Inc. | 4.854% | 4/27/35 | 922 | 1,169 | ||
L3Harris Technologies Inc. | 6.150% | 12/15/40 | 865 | 1,268 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
L3Harris Technologies Inc. | 5.054% | 4/27/45 | 1,029 | 1,375 | ||
Lockheed Martin Corp. | 3.600% | 3/1/35 | 1,598 | 1,846 | ||
Lockheed Martin Corp. | 4.500% | 5/15/36 | 1,697 | 2,145 | ||
2 | Lockheed Martin Corp. | 6.150% | 9/1/36 | 1,315 | 1,908 | |
Lockheed Martin Corp. | 5.720% | 6/1/40 | 489 | 696 | ||
Lockheed Martin Corp. | 4.850% | 9/15/41 | 410 | 536 | ||
Lockheed Martin Corp. | 4.070% | 12/15/42 | 3,111 | 3,824 | ||
Lockheed Martin Corp. | 3.800% | 3/1/45 | 3,115 | 3,678 | ||
Lockheed Martin Corp. | 4.700% | 5/15/46 | 3,282 | 4,393 | ||
Lockheed Martin Corp. | 2.800% | 6/15/50 | 939 | 961 | ||
Lockheed Martin Corp. | 4.090% | 9/15/52 | 2,502 | 3,162 | ||
Norfolk Southern Corp. | 7.050% | 5/1/37 | 172 | 249 | ||
Norfolk Southern Corp. | 4.837% | 10/1/41 | 1,340 | 1,743 | ||
Norfolk Southern Corp. | 3.950% | 10/1/42 | 1,092 | 1,282 | ||
Norfolk Southern Corp. | 4.450% | 6/15/45 | 1,403 | 1,746 | ||
Norfolk Southern Corp. | 4.650% | 1/15/46 | 425 | 540 | ||
Norfolk Southern Corp. | 3.942% | 11/1/47 | 2,407 | 2,804 | ||
Norfolk Southern Corp. | 4.150% | 2/28/48 | 1,090 | 1,306 | ||
Norfolk Southern Corp. | 4.100% | 5/15/49 | 2,155 | 2,595 | ||
Norfolk Southern Corp. | 3.400% | 11/1/49 | 3,092 | 3,336 | ||
Norfolk Southern Corp. | 3.050% | 5/15/50 | 1,805 | 1,843 | ||
Norfolk Southern Corp. | 4.050% | 8/15/52 | 1,988 | 2,378 | ||
Norfolk Southern Corp. | 3.155% | 5/15/55 | 2,556 | 2,636 | ||
Norfolk Southern Corp. | 4.100% | 5/15/21 | 1,000 | 1,151 | ||
Northrop Grumman Corp. | 5.150% | 5/1/40 | 2,447 | 3,242 | ||
Northrop Grumman Corp. | 5.050% | 11/15/40 | 1,267 | 1,670 | ||
Northrop Grumman Corp. | 4.750% | 6/1/43 | 2,181 | 2,829 | ||
Northrop Grumman Corp. | 3.850% | 4/15/45 | 1,954 | 2,273 | ||
Northrop Grumman Corp. | 4.030% | 10/15/47 | 4,440 | 5,334 | ||
Northrop Grumman Corp. | 5.250% | 5/1/50 | 840 | 1,196 | ||
Otis Worldwide Corp. | 3.112% | 2/15/40 | 2,061 | 2,165 | ||
Otis Worldwide Corp. | 3.362% | 2/15/50 | 1,708 | 1,858 | ||
2 | Parker-Hannifin Corp. | 4.200% | 11/21/34 | 1,775 | 2,085 | |
2 | Parker-Hannifin Corp. | 6.250% | 5/15/38 | 870 | 1,229 | |
2 | Parker-Hannifin Corp. | 4.450% | 11/21/44 | 933 | 1,158 | |
Parker-Hannifin Corp. | 4.100% | 3/1/47 | 1,341 | 1,593 | ||
Parker-Hannifin Corp. | 4.000% | 6/14/49 | 2,370 | 2,782 | ||
Precision Castparts Corp. | 3.900% | 1/15/43 | 1,121 | 1,299 | ||
Precision Castparts Corp. | 4.375% | 6/15/45 | 841 | 1,044 | ||
Raytheon Technologies Corp. | 5.400% | 5/1/35 | 1,656 | 2,195 | ||
Raytheon Technologies Corp. | 6.050% | 6/1/36 | 2,067 | 2,907 | ||
Raytheon Technologies Corp. | 6.125% | 7/15/38 | 2,303 | 3,285 | ||
Raytheon Technologies Corp. | 4.450% | 11/16/38 | 2,918 | 3,570 | ||
Raytheon Technologies Corp. | 5.700% | 4/15/40 | 2,800 | 3,916 | ||
Raytheon Technologies Corp. | 4.875% | 10/15/40 | 868 | 1,116 | ||
Raytheon Technologies Corp. | 4.700% | 12/15/41 | 1,026 | 1,303 | ||
Raytheon Technologies Corp. | 4.500% | 6/1/42 | 4,655 | 5,818 | ||
Raytheon Technologies Corp. | 4.800% | 12/15/43 | 1,038 | 1,330 | ||
Raytheon Technologies Corp. | 4.150% | 5/15/45 | 2,281 | 2,723 | ||
Raytheon Technologies Corp. | 3.750% | 11/1/46 | 3,146 | 3,577 | ||
Raytheon Technologies Corp. | 4.350% | 4/15/47 | 3,929 | 4,857 | ||
Raytheon Technologies Corp. | 4.050% | 5/4/47 | 1,174 | 1,391 | ||
Raytheon Technologies Corp. | 4.625% | 11/16/48 | 1,760 | 2,278 | ||
Raytheon Technologies Corp. | 3.125% | 7/1/50 | 1,445 | 1,504 | ||
Raytheon Technologies Corp. | 2.820% | 9/1/51 | 2,300 | 2,264 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Republic Services Inc. | 1.750% | 2/15/32 | 1,890 | 1,827 | ||
Republic Services Inc. | 6.200% | 3/1/40 | 380 | 555 | ||
Republic Services Inc. | 5.700% | 5/15/41 | 850 | 1,193 | ||
Republic Services Inc. | 3.050% | 3/1/50 | 1,145 | 1,201 | ||
Rockwell Automation Inc. | 4.200% | 3/1/49 | 1,535 | 1,954 | ||
Rockwell Automation Inc. | 2.800% | 8/15/61 | 1,000 | 1,000 | ||
Trane Technologies Global Holding Co. Ltd. | 5.750% | 6/15/43 | 1,305 | 1,910 | ||
Trane Technologies Global Holding Co. Ltd. | 4.300% | 2/21/48 | 1,115 | 1,370 | ||
Trane Technologies Luxembourg Finance SA | 4.650% | 11/1/44 | 601 | 769 | ||
Trane Technologies Luxembourg Finance SA | 4.500% | 3/21/49 | 315 | 402 | ||
Tyco Electronics Group SA | 7.125% | 10/1/37 | 845 | 1,301 | ||
Union Pacific Corp. | 3.375% | 2/1/35 | 1,796 | 1,989 | ||
1 | Union Pacific Corp. | 2.891% | 4/6/36 | 1,895 | 1,992 | |
Union Pacific Corp. | 3.600% | 9/15/37 | 685 | 775 | ||
2 | Union Pacific Corp. | 3.550% | 8/15/39 | 1,153 | 1,301 | |
Union Pacific Corp. | 3.200% | 5/20/41 | 2,375 | 2,535 | ||
Union Pacific Corp. | 4.050% | 3/1/46 | 1,514 | 1,785 | ||
Union Pacific Corp. | 3.350% | 8/15/46 | 1,121 | 1,214 | ||
Union Pacific Corp. | 4.000% | 4/15/47 | 2,646 | 3,119 | ||
Union Pacific Corp. | 3.250% | 2/5/50 | 2,971 | 3,167 | ||
Union Pacific Corp. | 3.799% | 10/1/51 | 1,696 | 1,977 | ||
Union Pacific Corp. | 3.875% | 2/1/55 | 803 | 927 | ||
Union Pacific Corp. | 3.950% | 8/15/59 | 2,410 | 2,858 | ||
Union Pacific Corp. | 3.839% | 3/20/60 | 2,739 | 3,182 | ||
Union Pacific Corp. | 3.550% | 5/20/61 | 1,325 | 1,463 | ||
Union Pacific Corp. | 2.973% | 9/16/62 | 3,069 | 3,029 | ||
Union Pacific Corp. | 3.750% | 2/5/70 | 500 | 569 | ||
1 | Union Pacific Corp. | 3.799% | 4/6/71 | 5,266 | 6,049 | |
2 | United Airlines Pass-Through Trust Class AA Series 2019-2 | 2.700% | 5/1/32 | 1,490 | 1,493 | |
United Parcel Service Inc. | 6.200% | 1/15/38 | 1,632 | 2,429 | ||
United Parcel Service Inc. | 5.200% | 4/1/40 | 2,183 | 2,983 | ||
United Parcel Service Inc. | 4.875% | 11/15/40 | 1,816 | 2,421 | ||
United Parcel Service Inc. | 3.625% | 10/1/42 | 1,607 | 1,871 | ||
United Parcel Service Inc. | 3.400% | 11/15/46 | 2,089 | 2,369 | ||
United Parcel Service Inc. | 3.750% | 11/15/47 | 1,605 | 1,921 | ||
United Parcel Service Inc. | 4.250% | 3/15/49 | 2,521 | 3,240 | ||
United Parcel Service Inc. | 3.400% | 9/1/49 | 1,629 | 1,855 | ||
United Parcel Service Inc. | 5.300% | 4/1/50 | 2,426 | 3,596 | ||
Valmont Industries Inc. | 5.000% | 10/1/44 | 970 | 1,192 | ||
Valmont Industries Inc. | 5.250% | 10/1/54 | 808 | 1,032 | ||
Waste Connections Inc. | 3.050% | 4/1/50 | 1,074 | 1,110 | ||
Waste Management Inc. | 2.950% | 6/1/41 | 1,540 | 1,607 | ||
Waste Management Inc. | 4.150% | 7/15/49 | 1,335 | 1,668 | ||
Waste Management Inc. | 2.500% | 11/15/50 | 1,580 | 1,502 | ||
WW Grainger Inc. | 4.600% | 6/15/45 | 833 | 1,097 | ||
WW Grainger Inc. | 3.750% | 5/15/46 | 936 | 1,099 | ||
WW Grainger Inc. | 4.200% | 5/15/47 | 1,450 | 1,825 | ||
Xylem Inc. | 4.375% | 11/1/46 | 783 | 961 | ||
526,018 | ||||||
Materials (3.7%) | ||||||
Air Products and Chemicals Inc. | 2.700% | 5/15/40 | 1,695 | 1,743 | ||
Air Products and Chemicals Inc. | 2.800% | 5/15/50 | 2,115 | 2,161 | ||
Albemarle Corp. | 5.450% | 12/1/44 | 685 | 895 | ||
ArcelorMittal SA | 7.000% | 10/15/39 | 1,400 | 2,012 | ||
ArcelorMittal SA | 6.750% | 3/1/41 | 1,000 | 1,421 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Barrick Gold Corp. | 6.450% | 10/15/35 | 925 | 1,301 | ||
Barrick Gold Corp. | 5.250% | 4/1/42 | 2,195 | 2,897 | ||
Barrick North America Finance LLC | 5.700% | 5/30/41 | 930 | 1,287 | ||
Barrick North America Finance LLC | 5.750% | 5/1/43 | 2,049 | 2,874 | ||
Barrick PD Australia Finance Pty. Ltd. | 5.950% | 10/15/39 | 2,326 | 3,262 | ||
BHP Billiton Finance USA Ltd. | 4.125% | 2/24/42 | 2,280 | 2,786 | ||
BHP Billiton Finance USA Ltd. | 5.000% | 9/30/43 | 5,128 | 7,088 | ||
Celulosa Arauco y Constitucion SA | 5.500% | 11/2/47 | 890 | 1,074 | ||
CF Industries Inc. | 5.150% | 3/15/34 | 1,500 | 1,874 | ||
CF Industries Inc. | 4.950% | 6/1/43 | 1,800 | 2,220 | ||
CF Industries Inc. | 5.375% | 3/15/44 | 1,500 | 1,950 | ||
Dow Chemical Co. | 4.250% | 10/1/34 | 942 | 1,101 | ||
Dow Chemical Co. | 9.400% | 5/15/39 | 668 | 1,224 | ||
Dow Chemical Co. | 5.250% | 11/15/41 | 1,868 | 2,470 | ||
Dow Chemical Co. | 4.375% | 11/15/42 | 2,994 | 3,607 | ||
Dow Chemical Co. | 4.625% | 10/1/44 | 2,378 | 2,965 | ||
Dow Chemical Co. | 5.550% | 11/30/48 | 990 | 1,408 | ||
Dow Chemical Co. | 4.800% | 5/15/49 | 1,740 | 2,263 | ||
Dow Chemical Co. | 3.600% | 11/15/50 | 2,665 | 2,929 | ||
DuPont de Nemours Inc. | 5.319% | 11/15/38 | 3,410 | 4,513 | ||
DuPont de Nemours Inc. | 5.419% | 11/15/48 | 4,182 | 5,916 | ||
Eastman Chemical Co. | 4.800% | 9/1/42 | 1,476 | 1,840 | ||
Eastman Chemical Co. | 4.650% | 10/15/44 | 1,084 | 1,332 | ||
Ecolab Inc. | 2.125% | 8/15/50 | 1,273 | 1,159 | ||
1 | Ecolab Inc. | 2.750% | 8/18/55 | 3,532 | 3,499 | |
FMC Corp. | 4.500% | 10/1/49 | 1,372 | 1,643 | ||
International Flavors & Fragrances Inc. | 4.375% | 6/1/47 | 705 | 858 | ||
International Flavors & Fragrances Inc. | 5.000% | 9/26/48 | 2,055 | 2,733 | ||
International Paper Co. | 5.000% | 9/15/35 | 2,760 | 3,504 | ||
International Paper Co. | 7.300% | 11/15/39 | 1,354 | 2,133 | ||
International Paper Co. | 6.000% | 11/15/41 | 2,136 | 3,065 | ||
International Paper Co. | 4.800% | 6/15/44 | 1,143 | 1,472 | ||
International Paper Co. | 5.150% | 5/15/46 | 1,203 | 1,616 | ||
International Paper Co. | 4.350% | 8/15/48 | 1,855 | 2,330 | ||
Lafarge SA | 7.125% | 7/15/36 | 1,050 | 1,577 | ||
Linde Inc. | 3.550% | 11/7/42 | 2,048 | 2,376 | ||
Lubrizol Corp. | 6.500% | 10/1/34 | 273 | 404 | ||
LYB International Finance BV | 5.250% | 7/15/43 | 370 | 487 | ||
LYB International Finance BV | 4.875% | 3/15/44 | 3,102 | 3,931 | ||
LYB International Finance III LLC | 3.375% | 10/1/40 | 2,872 | 3,038 | ||
LYB International Finance III LLC | 4.200% | 10/15/49 | 2,460 | 2,890 | ||
LYB International Finance III LLC | 4.200% | 5/1/50 | 1,475 | 1,734 | ||
LYB International Finance III LLC | 3.625% | 4/1/51 | 1,805 | 1,966 | ||
LYB International Finance III LLC | 3.800% | 10/1/60 | 1,888 | 2,072 | ||
LyondellBasell Industries NV | 4.625% | 2/26/55 | 2,599 | 3,270 | ||
Martin Marietta Materials Inc. | 4.250% | 12/15/47 | 1,649 | 1,960 | ||
Martin Marietta Materials Inc. | 3.200% | 7/15/51 | 1,820 | 1,866 | ||
Mosaic Co. | 5.450% | 11/15/33 | 850 | 1,081 | ||
Mosaic Co. | 4.875% | 11/15/41 | 1,153 | 1,375 | ||
Mosaic Co. | 5.625% | 11/15/43 | 1,565 | 2,095 | ||
2 | Newmont Corp. | 5.875% | 4/1/35 | 1,594 | 2,159 | |
Newmont Corp. | 6.250% | 10/1/39 | 2,115 | 3,056 | ||
Newmont Corp. | 4.875% | 3/15/42 | 2,312 | 2,964 | ||
Newmont Corp. | 5.450% | 6/9/44 | 1,364 | 1,893 | ||
Nucor Corp. | 5.200% | 8/1/43 | 210 | 286 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Nucor Corp. | 2.979% | 12/15/55 | 2,706 | 2,742 | |
Nutrien Ltd. | 4.125% | 3/15/35 | 754 | 871 | ||
Nutrien Ltd. | 7.125% | 5/23/36 | 780 | 1,182 | ||
Nutrien Ltd. | 5.875% | 12/1/36 | 1,098 | 1,507 | ||
Nutrien Ltd. | 5.625% | 12/1/40 | 795 | 1,108 | ||
Nutrien Ltd. | 6.125% | 1/15/41 | 1,263 | 1,837 | ||
Nutrien Ltd. | 4.900% | 6/1/43 | 2,031 | 2,625 | ||
Nutrien Ltd. | 5.250% | 1/15/45 | 1,030 | 1,389 | ||
Nutrien Ltd. | 5.000% | 4/1/49 | 802 | 1,081 | ||
Nutrien Ltd. | 3.950% | 5/13/50 | 1,520 | 1,786 | ||
Packaging Corp. of America | 4.050% | 12/15/49 | 1,145 | 1,369 | ||
Rio Tinto Alcan Inc. | 6.125% | 12/15/33 | 1,756 | 2,482 | ||
Rio Tinto Alcan Inc. | 5.750% | 6/1/35 | 1,037 | 1,448 | ||
Rio Tinto Finance USA Ltd. | 5.200% | 11/2/40 | 2,914 | 4,003 | ||
Rio Tinto Finance USA plc | 4.750% | 3/22/42 | 1,735 | 2,301 | ||
Rio Tinto Finance USA plc | 4.125% | 8/21/42 | 745 | 923 | ||
RPM International Inc. | 4.250% | 1/15/48 | 1,420 | 1,621 | ||
Sherwin-Williams Co. | 4.000% | 12/15/42 | 337 | 393 | ||
Sherwin-Williams Co. | 4.550% | 8/1/45 | 1,206 | 1,519 | ||
Sherwin-Williams Co. | 4.500% | 6/1/47 | 2,700 | 3,396 | ||
Sherwin-Williams Co. | 3.800% | 8/15/49 | 1,326 | 1,533 | ||
Sherwin-Williams Co. | 3.300% | 5/15/50 | 1,562 | 1,678 | ||
Southern Copper Corp. | 7.500% | 7/27/35 | 2,713 | 3,949 | ||
Southern Copper Corp. | 6.750% | 4/16/40 | 2,554 | 3,643 | ||
Southern Copper Corp. | 5.250% | 11/8/42 | 3,564 | 4,571 | ||
Southern Copper Corp. | 5.875% | 4/23/45 | 2,132 | 2,965 | ||
Steel Dynamics Inc. | 3.250% | 10/15/50 | 1,050 | 1,063 | ||
Suzano Austria GmbH | 3.125% | 1/15/32 | 1,975 | 1,976 | ||
Teck Resources Ltd. | 6.125% | 10/1/35 | 1,447 | 1,873 | ||
Teck Resources Ltd. | 6.000% | 8/15/40 | 780 | 1,007 | ||
Teck Resources Ltd. | 6.250% | 7/15/41 | 2,170 | 2,895 | ||
Teck Resources Ltd. | 5.200% | 3/1/42 | 770 | 924 | ||
Teck Resources Ltd. | 5.400% | 2/1/43 | 565 | 697 | ||
Vale Overseas Ltd. | 8.250% | 1/17/34 | 1,794 | 2,673 | ||
Vale Overseas Ltd. | 6.875% | 11/21/36 | 4,606 | 6,466 | ||
Vale Overseas Ltd. | 6.875% | 11/10/39 | 2,288 | 3,277 | ||
Vale SA | 5.625% | 9/11/42 | 1,145 | 1,476 | ||
Vulcan Materials Co. | 4.500% | 6/15/47 | 1,214 | 1,498 | ||
Vulcan Materials Co. | 4.700% | 3/1/48 | 740 | 940 | ||
Westlake Chemical Corp. | 2.875% | 8/15/41 | 800 | 780 | ||
Westlake Chemical Corp. | 5.000% | 8/15/46 | 2,543 | 3,249 | ||
Westlake Chemical Corp. | 4.375% | 11/15/47 | 518 | 609 | ||
Westlake Chemical Corp. | 3.125% | 8/15/51 | 1,375 | 1,332 | ||
Westlake Chemical Corp. | 3.375% | 8/15/61 | 1,050 | 1,013 | ||
WRKCo Inc. | 4.200% | �� 6/1/32 | 1,520 | 1,775 | ||
WRKCo Inc. | 3.000% | 6/15/33 | 1,464 | 1,558 | ||
225,908 | ||||||
Real Estate (1.5%) | ||||||
Agree LP | 2.600% | 6/15/33 | 750 | 757 | ||
Alexandria Real Estate Equities Inc. | 2.000% | 5/18/32 | 647 | 637 | ||
Alexandria Real Estate Equities Inc. | 1.875% | 2/1/33 | 1,606 | 1,540 | ||
Alexandria Real Estate Equities Inc. | 4.850% | 4/15/49 | 2,530 | 3,350 | ||
Alexandria Real Estate Equities Inc. | 4.000% | 2/1/50 | 649 | 762 | ||
Alexandria Real Estate Equities Inc. | 3.000% | 5/18/51 | 2,209 | 2,198 | ||
American Tower Corp. | 3.700% | 10/15/49 | 1,701 | 1,872 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
American Tower Corp. | 3.100% | 6/15/50 | 2,705 | 2,684 | ||
American Tower Corp. | 2.950% | 1/15/51 | 1,100 | 1,068 | ||
2 | AvalonBay Communities Inc. | 3.900% | 10/15/46 | 1,710 | 2,046 | |
2 | AvalonBay Communities Inc. | 4.350% | 4/15/48 | 340 | 437 | |
Boston Properties LP | 2.550% | 4/1/32 | 484 | 490 | ||
Camden Property Trust | 3.350% | 11/1/49 | 1,415 | 1,579 | ||
Crown Castle International Corp. | 2.900% | 4/1/41 | 2,292 | 2,253 | ||
Crown Castle International Corp. | 4.750% | 5/15/47 | 958 | 1,200 | ||
Crown Castle International Corp. | 5.200% | 2/15/49 | 1,034 | 1,356 | ||
Crown Castle International Corp. | 4.000% | 11/15/49 | 1,697 | 1,914 | ||
Crown Castle International Corp. | 4.150% | 7/1/50 | 1,247 | 1,450 | ||
Crown Castle International Corp. | 3.250% | 1/15/51 | 2,304 | 2,337 | ||
Duke Realty LP | 3.050% | 3/1/50 | 740 | 743 | ||
Equinix Inc. | 3.000% | 7/15/50 | 1,727 | 1,685 | ||
Equinix Inc. | 2.950% | 9/15/51 | 1,247 | 1,204 | ||
Equinix Inc. | 3.400% | 2/15/52 | 355 | 372 | ||
ERP Operating LP | 4.500% | 7/1/44 | 1,843 | 2,365 | ||
ERP Operating LP | 4.500% | 6/1/45 | 871 | 1,112 | ||
ERP Operating LP | 4.000% | 8/1/47 | 488 | 589 | ||
Essex Portfolio LP | 1.650% | 1/15/31 | 303 | 289 | ||
Essex Portfolio LP | 2.650% | 3/15/32 | 900 | 928 | ||
Essex Portfolio LP | 4.500% | 3/15/48 | 680 | 847 | ||
Essex Portfolio LP | 2.650% | 9/1/50 | 1,465 | 1,339 | ||
Federal Realty Investment Trust | 4.500% | 12/1/44 | 443 | 541 | ||
Healthpeak Properties Inc. | 6.750% | 2/1/41 | 421 | 646 | ||
Highwoods Realty LP | 2.600% | 2/1/31 | 222 | 227 | ||
Kilroy Realty LP | 2.500% | 11/15/32 | 952 | 955 | ||
Kimco Realty Corp. | 4.250% | 4/1/45 | 698 | 823 | ||
Kimco Realty Corp. | 4.125% | 12/1/46 | 838 | 983 | ||
Kimco Realty Corp. | 4.450% | 9/1/47 | 1,095 | 1,344 | ||
Kimco Realty Corp. | 3.700% | 10/1/49 | 890 | 984 | ||
Lexington Realty Trust | 2.375% | 10/1/31 | 875 | 868 | ||
Mid-America Apartments LP | 2.875% | 9/15/51 | 700 | 689 | ||
National Retail Properties Inc. | 4.800% | 10/15/48 | 2,111 | 2,698 | ||
National Retail Properties Inc. | 3.100% | 4/15/50 | 1,565 | 1,557 | ||
Omega Healthcare Investors Inc. | 3.250% | 4/15/33 | 1,945 | 1,964 | ||
Prologis LP | 4.375% | 9/15/48 | 1,140 | 1,477 | ||
Prologis LP | 3.000% | 4/15/50 | 1,595 | 1,674 | ||
Prologis LP | 2.125% | 10/15/50 | 778 | 686 | ||
Realty Income Corp. | 1.800% | 3/15/33 | 1,400 | 1,355 | ||
Realty Income Corp. | 4.650% | 3/15/47 | 1,145 | 1,514 | ||
Regency Centers LP | 4.400% | 2/1/47 | 645 | 776 | ||
Regency Centers LP | 4.650% | 3/15/49 | 985 | 1,227 | ||
Rexford Industrial Realty LP | 2.150% | 9/1/31 | 700 | 688 | ||
Simon Property Group LP | 2.250% | 1/15/32 | 950 | 943 | ||
Simon Property Group LP | 6.750% | 2/1/40 | 630 | 950 | ||
Simon Property Group LP | 4.750% | 3/15/42 | 1,850 | 2,305 | ||
Simon Property Group LP | 4.250% | 10/1/44 | 2,128 | 2,531 | ||
Simon Property Group LP | 4.250% | 11/30/46 | 531 | 632 | ||
Simon Property Group LP | 3.250% | 9/13/49 | 982 | 1,011 | ||
Simon Property Group LP | 3.800% | 7/15/50 | 2,406 | 2,713 | ||
Spirit Realty LP | 2.700% | 2/15/32 | 860 | 868 | ||
2 | UDR Inc. | 2.100% | 8/1/32 | 290 | 283 | |
2 | UDR Inc. | 1.900% | 3/15/33 | 725 | 688 | |
2 | UDR Inc. | 2.100% | 6/15/33 | 875 | 847 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
UDR Inc. | 3.100% | 11/1/34 | 1,085 | 1,158 | ||
Ventas Realty LP | 5.700% | 9/30/43 | 819 | 1,102 | ||
Ventas Realty LP | 4.375% | 2/1/45 | 388 | 452 | ||
Ventas Realty LP | 4.875% | 4/15/49 | 717 | 910 | ||
VEREIT Operating Partnership LP | 2.850% | 12/15/32 | 1,620 | 1,716 | ||
Welltower Inc. | 6.500% | 3/15/41 | 1,180 | 1,709 | ||
Welltower Inc. | 4.950% | 9/1/48 | 446 | 578 | ||
Weyerhaeuser Co. | 7.375% | 3/15/32 | 2,999 | 4,330 | ||
WP Carey Inc. | 2.250% | 4/1/33 | 1,450 | 1,416 | ||
92,221 | ||||||
Technology (8.2%) | ||||||
Analog Devices Inc. | 5.300% | 12/15/45 | 908 | 1,256 | ||
Apple Inc. | 4.500% | 2/23/36 | 3,281 | 4,169 | ||
Apple Inc. | 2.375% | 2/8/41 | 2,961 | 2,907 | ||
Apple Inc. | 3.850% | 5/4/43 | 7,340 | 8,785 | ||
Apple Inc. | 4.450% | 5/6/44 | 1,903 | 2,472 | ||
Apple Inc. | 3.450% | 2/9/45 | 4,744 | 5,356 | ||
Apple Inc. | 4.375% | 5/13/45 | 3,898 | 4,998 | ||
Apple Inc. | 4.650% | 2/23/46 | 9,489 | 12,648 | ||
Apple Inc. | 3.850% | 8/4/46 | 3,808 | 4,557 | ||
Apple Inc. | 4.250% | 2/9/47 | 2,779 | 3,502 | ||
Apple Inc. | 3.750% | 9/12/47 | 3,513 | 4,135 | ||
Apple Inc. | 3.750% | 11/13/47 | 3,227 | 3,801 | ||
Apple Inc. | 2.950% | 9/11/49 | 2,170 | 2,258 | ||
Apple Inc. | 2.650% | 5/11/50 | 5,910 | 5,851 | ||
Apple Inc. | 2.400% | 8/20/50 | 3,728 | 3,524 | ||
Apple Inc. | 2.650% | 2/8/51 | 6,985 | 6,891 | ||
Apple Inc. | 2.700% | 8/5/51 | 4,655 | 4,637 | ||
Apple Inc. | 2.550% | 8/20/60 | 3,099 | 2,908 | ||
Apple Inc. | 2.800% | 2/8/61 | 3,280 | 3,244 | ||
Apple Inc. | 2.850% | 8/5/61 | 3,120 | 3,115 | ||
Applied Materials Inc. | 5.100% | 10/1/35 | 1,363 | 1,816 | ||
Applied Materials Inc. | 5.850% | 6/15/41 | 1,776 | 2,638 | ||
Applied Materials Inc. | 4.350% | 4/1/47 | 1,250 | 1,602 | ||
Applied Materials Inc. | 2.750% | 6/1/50 | 2,445 | 2,453 | ||
Broadcom Inc. | 4.300% | 11/15/32 | 4,461 | 5,110 | ||
1 | Broadcom Inc. | 2.600% | 2/15/33 | 2,940 | 2,908 | |
1 | Broadcom Inc. | 3.419% | 4/15/33 | 5,360 | 5,682 | |
1 | Broadcom Inc. | 3.469% | 4/15/34 | 6,350 | 6,728 | |
1 | Broadcom Inc. | 3.500% | 2/15/41 | 7,052 | 7,215 | |
1 | Broadcom Inc. | 3.750% | 2/15/51 | 3,780 | 3,950 | |
Cisco Systems Inc. | 5.900% | 2/15/39 | 2,740 | 3,988 | ||
Cisco Systems Inc. | 5.500% | 1/15/40 | 5,813 | 8,223 | ||
Corning Inc. | 4.700% | 3/15/37 | 1,035 | 1,256 | ||
Corning Inc. | 5.750% | 8/15/40 | 794 | 1,094 | ||
Corning Inc. | 4.750% | 3/15/42 | 1,187 | 1,515 | ||
Corning Inc. | 5.350% | 11/15/48 | 1,124 | 1,569 | ||
Corning Inc. | 3.900% | 11/15/49 | 580 | 668 | ||
Corning Inc. | 4.375% | 11/15/57 | 2,100 | 2,587 | ||
Corning Inc. | 5.850% | 11/15/68 | 1,032 | 1,542 | ||
Corning Inc. | 5.450% | 11/15/79 | 2,030 | 2,879 | ||
Dell International LLC | 8.100% | 7/15/36 | 4,268 | 6,563 | ||
Dell International LLC | 8.350% | 7/15/46 | 4,181 | 6,897 | ||
Equifax Inc. | 2.350% | 9/15/31 | 1,000 | 1,007 | ||
Fidelity National Information Services Inc. | 3.100% | 3/1/41 | 2,115 | 2,198 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Fidelity National Information Services Inc. | 4.500% | 8/15/46 | 748 | 932 | ||
Fiserv Inc. | 4.400% | 7/1/49 | 4,651 | 5,700 | ||
Hewlett Packard Enterprise Co. | 6.200% | 10/15/35 | 1,661 | 2,261 | ||
Hewlett Packard Enterprise Co. | 6.350% | 10/15/45 | 2,501 | 3,459 | ||
HP Inc. | 6.000% | 9/15/41 | 2,754 | 3,620 | ||
Intel Corp. | 4.000% | 12/15/32 | 1,527 | 1,843 | ||
Intel Corp. | 4.600% | 3/25/40 | 1,975 | 2,515 | ||
Intel Corp. | 2.800% | 8/12/41 | 1,700 | 1,725 | ||
Intel Corp. | 4.800% | 10/1/41 | 1,948 | 2,552 | ||
Intel Corp. | 4.250% | 12/15/42 | 1,332 | 1,642 | ||
Intel Corp. | 4.900% | 7/29/45 | 1,234 | 1,653 | ||
Intel Corp. | 4.100% | 5/19/46 | 2,722 | 3,290 | ||
Intel Corp. | 4.100% | 5/11/47 | 2,110 | 2,547 | ||
Intel Corp. | 3.734% | 12/8/47 | 3,933 | 4,507 | ||
Intel Corp. | 3.250% | 11/15/49 | 4,835 | 5,163 | ||
Intel Corp. | 4.750% | 3/25/50 | 4,860 | 6,518 | ||
Intel Corp. | 3.050% | 8/12/51 | 3,000 | 3,090 | ||
Intel Corp. | 3.100% | 2/15/60 | 2,350 | 2,394 | ||
Intel Corp. | 4.950% | 3/25/60 | 2,015 | 2,843 | ||
Intel Corp. | 3.200% | 8/12/61 | 2,000 | 2,073 | ||
International Business Machines Corp. | 5.875% | 11/29/32 | 794 | 1,080 | ||
International Business Machines Corp. | 4.150% | 5/15/39 | 4,454 | 5,347 | ||
International Business Machines Corp. | 5.600% | 11/30/39 | 1,015 | 1,433 | ||
International Business Machines Corp. | 2.850% | 5/15/40 | 2,442 | 2,490 | ||
International Business Machines Corp. | 4.000% | 6/20/42 | 1,653 | 1,958 | ||
International Business Machines Corp. | 4.700% | 2/19/46 | 2,470 | 3,238 | ||
International Business Machines Corp. | 4.250% | 5/15/49 | 5,365 | 6,702 | ||
International Business Machines Corp. | 2.950% | 5/15/50 | 2,445 | 2,475 | ||
International Business Machines Corp. | 7.125% | 12/1/96 | 874 | 1,624 | ||
Juniper Networks Inc. | 5.950% | 3/15/41 | 1,408 | 1,898 | ||
KLA Corp. | 5.000% | 3/15/49 | 896 | 1,229 | ||
KLA Corp. | 3.300% | 3/1/50 | 1,645 | 1,796 | ||
Lam Research Corp. | 4.875% | 3/15/49 | 1,250 | 1,724 | ||
Lam Research Corp. | 2.875% | 6/15/50 | 1,908 | 1,961 | ||
Lam Research Corp. | 3.125% | 6/15/60 | 1,537 | 1,628 | ||
Microsoft Corp. | 3.500% | 2/12/35 | 3,331 | 3,916 | ||
Microsoft Corp. | 4.200% | 11/3/35 | 547 | 687 | ||
Microsoft Corp. | 3.450% | 8/8/36 | 5,331 | 6,242 | ||
Microsoft Corp. | 4.100% | 2/6/37 | 3,871 | 4,822 | ||
Microsoft Corp. | 4.500% | 10/1/40 | 1,160 | 1,539 | ||
Microsoft Corp. | 5.300% | 2/8/41 | 1,150 | 1,663 | ||
Microsoft Corp. | 3.500% | 11/15/42 | 470 | 550 | ||
Microsoft Corp. | 3.750% | 2/12/45 | 1,005 | 1,221 | ||
Microsoft Corp. | 3.700% | 8/8/46 | 8,946 | 10,884 | ||
Microsoft Corp. | 4.250% | 2/6/47 | 415 | 549 | ||
4 | Microsoft Corp. | 2.525% | 6/1/50 | 14,676 | 14,644 | |
Microsoft Corp. | 2.921% | 3/17/52 | 15,547 | 16,692 | ||
Microsoft Corp. | 3.950% | 8/8/56 | 890 | 1,134 | ||
Microsoft Corp. | 2.675% | 6/1/60 | 7,051 | 7,111 | ||
Microsoft Corp. | 3.041% | 3/17/62 | 6,903 | 7,505 | ||
Moody's Corp. | 2.750% | 8/19/41 | 1,400 | 1,389 | ||
Moody's Corp. | 5.250% | 7/15/44 | 1,040 | 1,427 | ||
Moody's Corp. | 4.875% | 12/17/48 | 1,441 | 1,929 | ||
Moody's Corp. | 3.250% | 5/20/50 | 959 | 1,010 | ||
Moody's Corp. | 2.550% | 8/18/60 | 1,105 | 995 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Motorola Solutions Inc. | 5.500% | 9/1/44 | 1,049 | 1,376 | ||
NVIDIA Corp. | 3.500% | 4/1/40 | 3,291 | 3,748 | ||
NVIDIA Corp. | 3.500% | 4/1/50 | 2,662 | 3,056 | ||
NVIDIA Corp. | 3.700% | 4/1/60 | 1,419 | 1,691 | ||
1 | NXP BV | 3.250% | 5/11/41 | 2,250 | 2,387 | |
Oracle Corp. | 4.300% | 7/8/34 | 4,321 | 5,027 | ||
Oracle Corp. | 3.900% | 5/15/35 | 3,764 | 4,230 | ||
Oracle Corp. | 3.850% | 7/15/36 | 2,469 | 2,739 | ||
Oracle Corp. | 3.800% | 11/15/37 | 4,544 | 4,982 | ||
Oracle Corp. | 6.500% | 4/15/38 | 1,560 | 2,220 | ||
Oracle Corp. | 6.125% | 7/8/39 | 1,523 | 2,103 | ||
Oracle Corp. | 3.600% | 4/1/40 | 8,041 | 8,555 | ||
Oracle Corp. | 5.375% | 7/15/40 | 4,133 | 5,359 | ||
Oracle Corp. | 3.650% | 3/25/41 | 4,490 | 4,797 | ||
Oracle Corp. | 4.500% | 7/8/44 | 2,613 | 3,095 | ||
Oracle Corp. | 4.125% | 5/15/45 | 4,709 | 5,287 | ||
Oracle Corp. | 4.000% | 7/15/46 | 6,611 | 7,288 | ||
Oracle Corp. | 4.000% | 11/15/47 | 5,103 | 5,611 | ||
Oracle Corp. | 3.600% | 4/1/50 | 10,623 | 11,085 | ||
Oracle Corp. | 3.950% | 3/25/51 | 7,330 | 8,124 | ||
Oracle Corp. | 4.375% | 5/15/55 | 3,646 | 4,281 | ||
Oracle Corp. | 3.850% | 4/1/60 | 8,306 | 8,933 | ||
Oracle Corp. | 4.100% | 3/25/61 | 3,485 | 3,926 | ||
QUALCOMM Inc. | 1.650% | 5/20/32 | 1,512 | 1,461 | ||
QUALCOMM Inc. | 4.650% | 5/20/35 | 3,336 | 4,241 | ||
QUALCOMM Inc. | 4.800% | 5/20/45 | 4,563 | 6,121 | ||
QUALCOMM Inc. | 4.300% | 5/20/47 | 2,590 | 3,289 | ||
QUALCOMM Inc. | 3.250% | 5/20/50 | 2,304 | 2,532 | ||
S&P Global Inc. | 3.250% | 12/1/49 | 1,409 | 1,539 | ||
S&P Global Inc. | 2.300% | 8/15/60 | 1,785 | 1,571 | ||
salesforce.com Inc. | 2.700% | 7/15/41 | 3,505 | 3,575 | ||
salesforce.com Inc. | 2.900% | 7/15/51 | 4,940 | 5,072 | ||
salesforce.com Inc. | 3.050% | 7/15/61 | 3,005 | 3,133 | ||
Texas Instruments Inc. | 3.875% | 3/15/39 | 2,770 | 3,350 | ||
Texas Instruments Inc. | 4.150% | 5/15/48 | 2,475 | 3,133 | ||
Verisk Analytics Inc. | 5.500% | 6/15/45 | 1,421 | 1,939 | ||
Verisk Analytics Inc. | 3.625% | 5/15/50 | 1,356 | 1,477 | ||
508,254 | ||||||
Utilities (11.6%) | ||||||
AEP Texas Inc. | 3.800% | 10/1/47 | 504 | 562 | ||
2 | AEP Texas Inc. | 3.450% | 1/15/50 | 1,485 | 1,577 | |
AEP Transmission Co. LLC | 4.000% | 12/1/46 | 815 | 983 | ||
AEP Transmission Co. LLC | 3.750% | 12/1/47 | 882 | 1,019 | ||
AEP Transmission Co. LLC | 4.250% | 9/15/48 | 1,040 | 1,305 | ||
AEP Transmission Co. LLC | 3.800% | 6/15/49 | 1,137 | 1,334 | ||
2 | AEP Transmission Co. LLC | 3.650% | 4/1/50 | 1,130 | 1,309 | |
2 | AEP Transmission Co. LLC | 2.750% | 8/15/51 | 625 | 616 | |
Alabama Power Co. | 6.125% | 5/15/38 | 687 | 988 | ||
Alabama Power Co. | 6.000% | 3/1/39 | 1,394 | 1,984 | ||
Alabama Power Co. | 3.850% | 12/1/42 | 1,603 | 1,877 | ||
Alabama Power Co. | 4.150% | 8/15/44 | 1,628 | 1,975 | ||
Alabama Power Co. | 3.750% | 3/1/45 | 2,060 | 2,379 | ||
Alabama Power Co. | 4.300% | 1/2/46 | 891 | 1,106 | ||
2 | Alabama Power Co. | 3.700% | 12/1/47 | 1,310 | 1,499 | |
2 | Alabama Power Co. | 4.300% | 7/15/48 | 1,027 | 1,297 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Alabama Power Co. | 3.450% | 10/1/49 | 1,625 | 1,795 | ||
Alabama Power Co. | 3.125% | 7/15/51 | 1,045 | 1,106 | ||
Ameren Illinois Co. | 4.150% | 3/15/46 | 934 | 1,148 | ||
Ameren Illinois Co. | 3.700% | 12/1/47 | 1,247 | 1,458 | ||
Ameren Illinois Co. | 4.500% | 3/15/49 | 1,040 | 1,366 | ||
Ameren Illinois Co. | 3.250% | 3/15/50 | 2,038 | 2,230 | ||
Ameren Illinois Co. | 2.900% | 6/15/51 | 650 | 672 | ||
American Electric Power Co. Inc. | 3.250% | 3/1/50 | 982 | 1,002 | ||
American Water Capital Corp. | 6.593% | 10/15/37 | 1,208 | 1,813 | ||
American Water Capital Corp. | 4.300% | 12/1/42 | 940 | 1,160 | ||
American Water Capital Corp. | 4.300% | 9/1/45 | 1,469 | 1,808 | ||
American Water Capital Corp. | 4.000% | 12/1/46 | 1,195 | 1,431 | ||
American Water Capital Corp. | 3.750% | 9/1/47 | 1,401 | 1,606 | ||
American Water Capital Corp. | 4.200% | 9/1/48 | 1,650 | 2,035 | ||
American Water Capital Corp. | 4.150% | 6/1/49 | 1,260 | 1,540 | ||
American Water Capital Corp. | 3.450% | 5/1/50 | 1,525 | 1,672 | ||
American Water Capital Corp. | 3.250% | 6/1/51 | 800 | 857 | ||
Appalachian Power Co. | 7.000% | 4/1/38 | 554 | 835 | ||
Appalachian Power Co. | 4.400% | 5/15/44 | 818 | 988 | ||
Appalachian Power Co. | 4.450% | 6/1/45 | 419 | 515 | ||
2 | Appalachian Power Co. | 4.500% | 3/1/49 | 1,512 | 1,894 | |
2 | Appalachian Power Co. | 3.700% | 5/1/50 | 1,455 | 1,623 | |
Arizona Public Service Co. | 5.050% | 9/1/41 | 782 | 1,018 | ||
Arizona Public Service Co. | 4.500% | 4/1/42 | 1,371 | 1,689 | ||
Arizona Public Service Co. | 4.350% | 11/15/45 | 448 | 543 | ||
Arizona Public Service Co. | 3.750% | 5/15/46 | 575 | 646 | ||
Arizona Public Service Co. | 4.200% | 8/15/48 | 1,262 | 1,528 | ||
Arizona Public Service Co. | 4.250% | 3/1/49 | 1,131 | 1,386 | ||
Arizona Public Service Co. | 3.500% | 12/1/49 | 1,138 | 1,249 | ||
Arizona Public Service Co. | 3.350% | 5/15/50 | 291 | 312 | ||
Arizona Public Service Co. | 2.650% | 9/15/50 | 500 | 473 | ||
Atmos Energy Corp. | 5.500% | 6/15/41 | 440 | 600 | ||
Atmos Energy Corp. | 4.150% | 1/15/43 | 967 | 1,151 | ||
Atmos Energy Corp. | 4.125% | 10/15/44 | 1,573 | 1,881 | ||
Atmos Energy Corp. | 4.300% | 10/1/48 | 965 | 1,210 | ||
Atmos Energy Corp. | 4.125% | 3/15/49 | 1,157 | 1,428 | ||
Atmos Energy Corp. | 3.375% | 9/15/49 | 2,193 | 2,424 | ||
Avista Corp. | 4.350% | 6/1/48 | 245 | 313 | ||
Baltimore Gas & Electric Co. | 6.350% | 10/1/36 | 1,042 | 1,517 | ||
Baltimore Gas & Electric Co. | 3.500% | 8/15/46 | 1,215 | 1,354 | ||
2 | Baltimore Gas & Electric Co. | 3.750% | 8/15/47 | 2,103 | 2,453 | |
Baltimore Gas & Electric Co. | 4.250% | 9/15/48 | 837 | 1,049 | ||
Baltimore Gas & Electric Co. | 3.200% | 9/15/49 | 635 | 681 | ||
Baltimore Gas & Electric Co. | 2.900% | 6/15/50 | 1,635 | 1,662 | ||
Berkshire Hathaway Energy Co. | 6.125% | 4/1/36 | 2,100 | 2,962 | ||
Berkshire Hathaway Energy Co. | 5.950% | 5/15/37 | 1,150 | 1,584 | ||
Berkshire Hathaway Energy Co. | 5.150% | 11/15/43 | 1,472 | 1,954 | ||
Berkshire Hathaway Energy Co. | 4.500% | 2/1/45 | 2,038 | 2,510 | ||
Berkshire Hathaway Energy Co. | 3.800% | 7/15/48 | 1,647 | 1,880 | ||
Berkshire Hathaway Energy Co. | 4.450% | 1/15/49 | 1,630 | 2,058 | ||
Berkshire Hathaway Energy Co. | 4.250% | 10/15/50 | 2,520 | 3,110 | ||
Berkshire Hathaway Energy Co. | 2.850% | 5/15/51 | 3,245 | 3,165 | ||
Black Hills Corp. | 4.350% | 5/1/33 | 413 | 486 | ||
Black Hills Corp. | 4.200% | 9/15/46 | 746 | 858 | ||
Black Hills Corp. | 3.875% | 10/15/49 | 1,162 | 1,292 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
2 | CenterPoint Energy Houston Electric LLC | 6.950% | 3/15/33 | 415 | 596 | |
CenterPoint Energy Houston Electric LLC | 3.550% | 8/1/42 | 937 | 1,074 | ||
CenterPoint Energy Houston Electric LLC | 4.500% | 4/1/44 | 439 | 569 | ||
CenterPoint Energy Houston Electric LLC | 3.950% | 3/1/48 | 1,010 | 1,214 | ||
2 | CenterPoint Energy Houston Electric LLC | 4.250% | 2/1/49 | 1,751 | 2,245 | |
2 | CenterPoint Energy Houston Electric LLC | 2.900% | 7/1/50 | 1,442 | 1,493 | |
2 | CenterPoint Energy Houston Electric LLC | 3.350% | 4/1/51 | 1,565 | 1,751 | |
CenterPoint Energy Inc. | 3.700% | 9/1/49 | 2,095 | 2,318 | ||
CenterPoint Energy Resources Corp. | 5.850% | 1/15/41 | 616 | 861 | ||
CenterPoint Energy Resources Corp. | 4.100% | 9/1/47 | 1,044 | 1,232 | ||
Cleco Corporate Holdings LLC | 4.973% | 5/1/46 | 765 | 958 | ||
Cleveland Electric Illuminating Co. | 5.950% | 12/15/36 | 1,103 | 1,483 | ||
CMS Energy Corp. | 4.875% | 3/1/44 | 717 | 941 | ||
Commonwealth Edison Co. | 5.900% | 3/15/36 | 1,235 | 1,764 | ||
Commonwealth Edison Co. | 6.450% | 1/15/38 | 462 | 685 | ||
Commonwealth Edison Co. | 4.600% | 8/15/43 | 866 | 1,114 | ||
Commonwealth Edison Co. | 4.700% | 1/15/44 | 1,486 | 1,933 | ||
Commonwealth Edison Co. | 3.700% | 3/1/45 | 1,132 | 1,304 | ||
Commonwealth Edison Co. | 4.350% | 11/15/45 | 938 | 1,176 | ||
Commonwealth Edison Co. | 3.650% | 6/15/46 | 768 | 878 | ||
2 | Commonwealth Edison Co. | 3.750% | 8/15/47 | 2,253 | 2,639 | |
Commonwealth Edison Co. | 4.000% | 3/1/48 | 365 | 439 | ||
Commonwealth Edison Co. | 4.000% | 3/1/49 | 1,490 | 1,804 | ||
2 | Commonwealth Edison Co. | 3.200% | 11/15/49 | 780 | 843 | |
Commonwealth Edison Co. | 3.000% | 3/1/50 | 1,506 | 1,561 | ||
2 | Commonwealth Edison Co. | 3.125% | 3/15/51 | 960 | 1,017 | |
2 | Commonwealth Edison Co. | 2.750% | 9/1/51 | 750 | 744 | |
Connecticut Light & Power Co. | 4.300% | 4/15/44 | 1,821 | 2,285 | ||
2 | Connecticut Light & Power Co. | 4.150% | 6/1/45 | 622 | 774 | |
Connecticut Light & Power Co. | 4.000% | 4/1/48 | 1,265 | 1,553 | ||
2 | Consolidated Edison Co. of New York Inc. | 5.300% | 3/1/35 | 649 | 827 | |
2 | Consolidated Edison Co. of New York Inc. | 5.850% | 3/15/36 | 933 | 1,274 | |
2 | Consolidated Edison Co. of New York Inc. | 6.200% | 6/15/36 | 845 | 1,189 | |
2 | Consolidated Edison Co. of New York Inc. | 6.300% | 8/15/37 | 280 | 399 | |
2 | Consolidated Edison Co. of New York Inc. | 6.750% | 4/1/38 | 1,404 | 2,108 | |
Consolidated Edison Co. of New York Inc. | 5.700% | 6/15/40 | 1,973 | 2,717 | ||
2 | Consolidated Edison Co. of New York Inc. | 4.200% | 3/15/42 | 2,146 | 2,514 | |
Consolidated Edison Co. of New York Inc. | 3.950% | 3/1/43 | 822 | 938 | ||
Consolidated Edison Co. of New York Inc. | 4.450% | 3/15/44 | 1,950 | 2,377 | ||
Consolidated Edison Co. of New York Inc. | 4.500% | 12/1/45 | 2,534 | 3,108 | ||
Consolidated Edison Co. of New York Inc. | 3.850% | 6/15/46 | 838 | 940 | ||
2 | Consolidated Edison Co. of New York Inc. | 3.875% | 6/15/47 | 2,592 | 2,956 | |
2 | Consolidated Edison Co. of New York Inc. | 4.650% | 12/1/48 | 500 | 628 | |
2 | Consolidated Edison Co. of New York Inc. | 4.125% | 5/15/49 | 250 | 296 | |
2 | Consolidated Edison Co. of New York Inc. | 3.950% | 4/1/50 | 1,925 | 2,242 | |
Consolidated Edison Co. of New York Inc. | 4.625% | 12/1/54 | 785 | 1,004 | ||
2 | Consolidated Edison Co. of New York Inc. | 4.300% | 12/1/56 | 1,160 | 1,409 | |
2 | Consolidated Edison Co. of New York Inc. | 4.000% | 11/15/57 | 1,740 | 2,010 | |
Consolidated Edison Co. of New York Inc. | 4.500% | 5/15/58 | 1,212 | 1,502 | ||
Consolidated Edison Co. of New York Inc. | 3.700% | 11/15/59 | 1,665 | 1,820 | ||
2 | Consolidated Edison Co. of New York Inc. | 3.000% | 12/1/60 | 595 | 568 | |
Consolidated Edison Co. of New York Inc. | 3.600% | 6/15/61 | 3,000 | 3,238 | ||
Consumers Energy Co. | 3.250% | 8/15/46 | 1,221 | 1,338 | ||
Consumers Energy Co. | 3.950% | 7/15/47 | 940 | 1,134 | ||
Consumers Energy Co. | 4.050% | 5/15/48 | 360 | 444 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Consumers Energy Co. | 4.350% | 4/15/49 | 1,438 | 1,850 | ||
Consumers Energy Co. | 3.750% | 2/15/50 | 1,436 | 1,711 | ||
Consumers Energy Co. | 3.100% | 8/15/50 | 1,039 | 1,111 | ||
Consumers Energy Co. | 3.500% | 8/1/51 | 1,980 | 2,277 | ||
Consumers Energy Co. | 2.650% | 8/15/52 | 500 | 492 | ||
Consumers Energy Co. | 2.500% | 5/1/60 | 1,131 | 1,039 | ||
Dayton Power & Light Co. | 3.950% | 6/15/49 | 640 | 736 | ||
Delmarva Power & Light Co. | 4.150% | 5/15/45 | 1,671 | 2,016 | ||
2 | Dominion Energy Inc. | 6.300% | 3/15/33 | 883 | 1,204 | |
2 | Dominion Energy Inc. | 5.250% | 8/1/33 | 619 | 786 | |
2 | Dominion Energy Inc. | 5.950% | 6/15/35 | 484 | 661 | |
Dominion Energy Inc. | 7.000% | 6/15/38 | 677 | 1,019 | ||
2 | Dominion Energy Inc. | 3.300% | 4/15/41 | 1,690 | 1,806 | |
2 | Dominion Energy Inc. | 4.900% | 8/1/41 | 837 | 1,068 | |
2 | Dominion Energy Inc. | 4.050% | 9/15/42 | 959 | 1,110 | |
Dominion Energy Inc. | 4.700% | 12/1/44 | 1,346 | 1,703 | ||
2 | Dominion Energy Inc. | 4.600% | 3/15/49 | 1,055 | 1,355 | |
Dominion Energy South Carolina Inc. | 6.625% | 2/1/32 | 1,248 | 1,749 | ||
Dominion Energy South Carolina Inc. | 5.300% | 5/15/33 | 1,480 | 1,954 | ||
Dominion Energy South Carolina Inc. | 6.050% | 1/15/38 | 450 | 647 | ||
Dominion Energy South Carolina Inc. | 5.450% | 2/1/41 | 1,426 | 1,987 | ||
Dominion Energy South Carolina Inc. | 4.600% | 6/15/43 | 1,106 | 1,427 | ||
Dominion Energy South Carolina Inc. | 5.100% | 6/1/65 | 290 | 431 | ||
2 | DTE Electric Co. | 4.000% | 4/1/43 | 290 | 349 | |
DTE Electric Co. | 4.300% | 7/1/44 | 1,252 | 1,567 | ||
DTE Electric Co. | 3.700% | 3/15/45 | 1,859 | 2,152 | ||
DTE Electric Co. | 3.700% | 6/1/46 | 1,475 | 1,720 | ||
DTE Electric Co. | 3.750% | 8/15/47 | 1,438 | 1,686 | ||
2 | DTE Electric Co. | 4.050% | 5/15/48 | 1,285 | 1,579 | |
DTE Electric Co. | 3.950% | 3/1/49 | 540 | 657 | ||
DTE Electric Co. | 2.950% | 3/1/50 | 200 | 208 | ||
2 | DTE Electric Co. | 3.250% | 4/1/51 | 1,050 | 1,152 | |
Duke Energy Carolinas LLC | 6.450% | 10/15/32 | 568 | 786 | ||
Duke Energy Carolinas LLC | 6.100% | 6/1/37 | 1,081 | 1,502 | ||
Duke Energy Carolinas LLC | 6.000% | 1/15/38 | 306 | 437 | ||
Duke Energy Carolinas LLC | 6.050% | 4/15/38 | 1,855 | 2,653 | ||
Duke Energy Carolinas LLC | 5.300% | 2/15/40 | 1,618 | 2,217 | ||
Duke Energy Carolinas LLC | 4.250% | 12/15/41 | 981 | 1,189 | ||
Duke Energy Carolinas LLC | 4.000% | 9/30/42 | 1,240 | 1,472 | ||
Duke Energy Carolinas LLC | 3.750% | 6/1/45 | 75 | 86 | ||
Duke Energy Carolinas LLC | 3.875% | 3/15/46 | 1,285 | 1,500 | ||
Duke Energy Carolinas LLC | 3.700% | 12/1/47 | 1,380 | 1,575 | ||
Duke Energy Carolinas LLC | 3.950% | 3/15/48 | 701 | 830 | ||
Duke Energy Carolinas LLC | 3.200% | 8/15/49 | 1,098 | 1,169 | ||
Duke Energy Carolinas LLC | 3.450% | 4/15/51 | 1,000 | 1,118 | ||
Duke Energy Corp. | 3.300% | 6/15/41 | 1,695 | 1,766 | ||
Duke Energy Corp. | 4.800% | 12/15/45 | 646 | 810 | ||
Duke Energy Corp. | 3.750% | 9/1/46 | 2,104 | 2,285 | ||
Duke Energy Corp. | 3.950% | 8/15/47 | 882 | 987 | ||
Duke Energy Corp. | 4.200% | 6/15/49 | 1,340 | 1,562 | ||
Duke Energy Corp. | 3.500% | 6/15/51 | 1,445 | 1,527 | ||
Duke Energy Florida LLC | 6.350% | 9/15/37 | 1,911 | 2,834 | ||
Duke Energy Florida LLC | 6.400% | 6/15/38 | 341 | 504 | ||
Duke Energy Florida LLC | 5.650% | 4/1/40 | 1,545 | 2,162 | ||
Duke Energy Florida LLC | 3.850% | 11/15/42 | 1,075 | 1,249 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Duke Energy Florida LLC | 3.400% | 10/1/46 | 1,316 | 1,448 | ||
Duke Energy Florida LLC | 4.200% | 7/15/48 | 1,876 | 2,316 | ||
Duke Energy Indiana LLC | 6.120% | 10/15/35 | 878 | 1,216 | ||
Duke Energy Indiana LLC | 6.350% | 8/15/38 | 1,996 | 2,935 | ||
Duke Energy Indiana LLC | 6.450% | 4/1/39 | 1,210 | 1,782 | ||
2 | Duke Energy Indiana LLC | 4.900% | 7/15/43 | 1,143 | 1,488 | |
Duke Energy Indiana LLC | 3.750% | 5/15/46 | 2,025 | 2,312 | ||
2 | Duke Energy Indiana LLC | 3.250% | 10/1/49 | 1,384 | 1,472 | |
Duke Energy Indiana LLC | 2.750% | 4/1/50 | 840 | 821 | ||
Duke Energy Ohio Inc. | 3.700% | 6/15/46 | 75 | 86 | ||
Duke Energy Ohio Inc. | 4.300% | 2/1/49 | 1,948 | 2,454 | ||
Duke Energy Progress LLC | 6.300% | 4/1/38 | 883 | 1,282 | ||
Duke Energy Progress LLC | 4.100% | 5/15/42 | 1,674 | 1,994 | ||
Duke Energy Progress LLC | 4.100% | 3/15/43 | 1,640 | 1,992 | ||
Duke Energy Progress LLC | 4.375% | 3/30/44 | 921 | 1,152 | ||
Duke Energy Progress LLC | 4.150% | 12/1/44 | 1,660 | 2,009 | ||
Duke Energy Progress LLC | 4.200% | 8/15/45 | 1,163 | 1,417 | ||
Duke Energy Progress LLC | 3.700% | 10/15/46 | 1,765 | 2,016 | ||
Duke Energy Progress LLC | 3.600% | 9/15/47 | 1,390 | 1,567 | ||
Duke Energy Progress LLC | 2.900% | 8/15/51 | 1,275 | 1,288 | ||
El Paso Electric Co. | 6.000% | 5/15/35 | 1,114 | 1,511 | ||
El Paso Electric Co. | 5.000% | 12/1/44 | 588 | 723 | ||
Emera US Finance LP | 4.750% | 6/15/46 | 2,979 | 3,549 | ||
Entergy Arkansas LLC | 4.200% | 4/1/49 | 1,243 | 1,546 | ||
Entergy Arkansas LLC | 2.650% | 6/15/51 | 320 | 308 | ||
Entergy Arkansas LLC | 3.350% | 6/15/52 | 1,225 | 1,343 | ||
Entergy Corp. | 3.750% | 6/15/50 | 2,029 | 2,233 | ||
Entergy Louisiana LLC | 2.350% | 6/15/32 | 875 | 893 | ||
Entergy Louisiana LLC | 4.000% | 3/15/33 | 2,258 | 2,651 | ||
Entergy Louisiana LLC | 3.100% | 6/15/41 | 1,000 | 1,060 | ||
Entergy Louisiana LLC | 4.200% | 9/1/48 | 1,710 | 2,103 | ||
Entergy Louisiana LLC | 4.200% | 4/1/50 | 2,524 | 3,149 | ||
Entergy Louisiana LLC | 2.900% | 3/15/51 | 1,870 | 1,873 | ||
Entergy Mississippi LLC | 3.850% | 6/1/49 | 1,627 | 1,905 | ||
Entergy Texas Inc. | 3.550% | 9/30/49 | 1,245 | 1,360 | ||
Essential Utilities Inc. | 4.276% | 5/1/49 | 880 | 1,062 | ||
Essential Utilities Inc. | 3.351% | 4/15/50 | 960 | 1,009 | ||
Evergy Kansas Central Inc. | 4.125% | 3/1/42 | 1,318 | 1,585 | ||
Evergy Kansas Central Inc. | 4.100% | 4/1/43 | 1,264 | 1,522 | ||
Evergy Kansas Central Inc. | 4.250% | 12/1/45 | 1,214 | 1,497 | ||
Evergy Kansas Central Inc. | 3.450% | 4/15/50 | 1,093 | 1,208 | ||
Evergy Metro Inc. | 5.300% | 10/1/41 | 335 | 454 | ||
Evergy Metro Inc. | 4.200% | 6/15/47 | 1,535 | 1,892 | ||
Evergy Metro Inc. | 4.200% | 3/15/48 | 805 | 999 | ||
2 | Evergy Metro Inc. | 4.125% | 4/1/49 | 1,341 | 1,649 | |
Eversource Energy | 3.450% | 1/15/50 | 1,485 | 1,607 | ||
2 | Exelon Corp. | 4.950% | 6/15/35 | 1,385 | 1,717 | |
Exelon Corp. | 5.625% | 6/15/35 | 1,116 | 1,478 | ||
Exelon Corp. | 5.100% | 6/15/45 | 1,504 | 2,009 | ||
Exelon Corp. | 4.450% | 4/15/46 | 1,435 | 1,771 | ||
Exelon Corp. | 4.700% | 4/15/50 | 1,487 | 1,905 | ||
Exelon Generation Co. LLC | 6.250% | 10/1/39 | 1,809 | 2,248 | ||
Exelon Generation Co. LLC | 5.750% | 10/1/41 | 1,772 | 2,118 | ||
Exelon Generation Co. LLC | 5.600% | 6/15/42 | 1,446 | 1,721 | ||
Florida Power & Light Co. | 5.625% | 4/1/34 | 419 | 574 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Florida Power & Light Co. | 4.950% | 6/1/35 | 1,652 | 2,178 | ||
Florida Power & Light Co. | 5.650% | 2/1/37 | 858 | 1,190 | ||
Florida Power & Light Co. | 5.950% | 2/1/38 | 1,062 | 1,538 | ||
Florida Power & Light Co. | 5.960% | 4/1/39 | 575 | 847 | ||
Florida Power & Light Co. | 5.690% | 3/1/40 | 466 | 672 | ||
Florida Power & Light Co. | 5.250% | 2/1/41 | 1,734 | 2,406 | ||
Florida Power & Light Co. | 4.125% | 2/1/42 | 920 | 1,130 | ||
Florida Power & Light Co. | 4.050% | 6/1/42 | 1,740 | 2,129 | ||
Florida Power & Light Co. | 3.800% | 12/15/42 | 1,879 | 2,236 | ||
Florida Power & Light Co. | 4.050% | 10/1/44 | 1,752 | 2,160 | ||
Florida Power & Light Co. | 3.700% | 12/1/47 | 2,282 | 2,713 | ||
Florida Power & Light Co. | 3.950% | 3/1/48 | 1,407 | 1,724 | ||
Florida Power & Light Co. | 4.125% | 6/1/48 | 1,413 | 1,778 | ||
Florida Power & Light Co. | 3.990% | 3/1/49 | 962 | 1,191 | ||
Florida Power & Light Co. | 3.150% | 10/1/49 | 1,071 | 1,169 | ||
2 | Georgia Power Co. | 4.750% | 9/1/40 | 1,626 | 2,021 | |
Georgia Power Co. | 4.300% | 3/15/42 | 2,353 | 2,799 | ||
Georgia Power Co. | 4.300% | 3/15/43 | 553 | 665 | ||
2 | Georgia Power Co. | 3.700% | 1/30/50 | 2,185 | 2,417 | |
2 | Georgia Power Co. | 3.250% | 3/15/51 | 1,375 | 1,429 | |
Iberdrola International BV | 6.750% | 7/15/36 | 951 | 1,462 | ||
2 | Idaho Power Co. | 4.200% | 3/1/48 | 505 | 622 | |
Indiana Michigan Power Co. | 6.050% | 3/15/37 | 1,588 | 2,215 | ||
2 | Indiana Michigan Power Co. | 4.550% | 3/15/46 | 808 | 1,031 | |
2 | Indiana Michigan Power Co. | 3.750% | 7/1/47 | 1,504 | 1,722 | |
Indiana Michigan Power Co. | 4.250% | 8/15/48 | 1,136 | 1,417 | ||
Indiana Michigan Power Co. | 3.250% | 5/1/51 | 1,145 | 1,228 | ||
Interstate Power & Light Co. | 6.250% | 7/15/39 | 254 | 365 | ||
Interstate Power & Light Co. | 3.700% | 9/15/46 | 419 | 483 | ||
Interstate Power & Light Co. | 3.500% | 9/30/49 | 525 | 584 | ||
ITC Holdings Corp. | 5.300% | 7/1/43 | 1,006 | 1,347 | ||
2 | John Sevier Combined Cycle Generation LLC | 4.626% | 1/15/42 | 867 | 1,074 | |
Kentucky Utilities Co. | 5.125% | 11/1/40 | 961 | 1,269 | ||
Kentucky Utilities Co. | 4.375% | 10/1/45 | 680 | 843 | ||
Kentucky Utilities Co. | 3.300% | 6/1/50 | 1,315 | 1,411 | ||
Louisville Gas & Electric Co. | 4.250% | 4/1/49 | 2,224 | 2,752 | ||
MidAmerican Energy Co. | 6.750% | 12/30/31 | 225 | 320 | ||
2 | MidAmerican Energy Co. | 5.750% | 11/1/35 | 853 | 1,183 | |
2 | MidAmerican Energy Co. | 5.800% | 10/15/36 | 1,095 | 1,549 | |
MidAmerican Energy Co. | 4.800% | 9/15/43 | 1,259 | 1,651 | ||
MidAmerican Energy Co. | 4.400% | 10/15/44 | 1,284 | 1,613 | ||
MidAmerican Energy Co. | 4.250% | 5/1/46 | 1,772 | 2,202 | ||
MidAmerican Energy Co. | 3.650% | 8/1/48 | 1,416 | 1,627 | ||
MidAmerican Energy Co. | 4.250% | 7/15/49 | 1,070 | 1,348 | ||
MidAmerican Energy Co. | 3.150% | 4/15/50 | 1,257 | 1,344 | ||
2 | Mississippi Power Co. | 4.250% | 3/15/42 | 976 | 1,174 | |
2 | Mississippi Power Co. | 3.100% | 7/30/51 | 100 | 103 | |
National Grid USA | 5.803% | 4/1/35 | 702 | 885 | ||
2 | National Rural Utilities Cooperative Finance Corp. | 8.000% | 3/1/32 | 932 | 1,409 | |
National Rural Utilities Cooperative Finance Corp. | 4.023% | 11/1/32 | 1,071 | 1,271 | ||
National Rural Utilities Cooperative Finance Corp. | 4.400% | 11/1/48 | 1,601 | 2,099 | ||
National Rural Utilities Cooperative Finance Corp. | 4.300% | 3/15/49 | 1,453 | 1,859 | ||
2 | Nevada Power Co. | 6.650% | 4/1/36 | 1,525 | 2,282 | |
2 | Nevada Power Co. | 6.750% | 7/1/37 | 1,465 | 2,208 | |
2 | Nevada Power Co. | 3.125% | 8/1/50 | 2,019 | 2,113 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
NiSource Inc. | 5.950% | 6/15/41 | 1,008 | 1,440 | ||
NiSource Inc. | 5.250% | 2/15/43 | 647 | 860 | ||
NiSource Inc. | 4.800% | 2/15/44 | 2,132 | 2,712 | ||
NiSource Inc. | 5.650% | 2/1/45 | 714 | 1,000 | ||
NiSource Inc. | 4.375% | 5/15/47 | 2,635 | 3,215 | ||
NiSource Inc. | 3.950% | 3/30/48 | 2,080 | 2,413 | ||
Northern States Power Co. | 6.250% | 6/1/36 | 255 | 373 | ||
Northern States Power Co. | 6.200% | 7/1/37 | 515 | 761 | ||
Northern States Power Co. | 5.350% | 11/1/39 | 477 | 666 | ||
Northern States Power Co. | 3.400% | 8/15/42 | 955 | 1,073 | ||
Northern States Power Co. | 4.125% | 5/15/44 | 803 | 991 | ||
Northern States Power Co. | 4.000% | 8/15/45 | 860 | 1,043 | ||
Northern States Power Co. | 3.600% | 5/15/46 | 799 | 919 | ||
Northern States Power Co. | 3.600% | 9/15/47 | 1,367 | 1,581 | ||
Northern States Power Co. | 2.900% | 3/1/50 | 876 | 916 | ||
Northern States Power Co. | 2.600% | 6/1/51 | 1,060 | 1,033 | ||
Northern States Power Co. | 3.200% | 4/1/52 | 765 | 837 | ||
NorthWestern Corp. | 4.176% | 11/15/44 | 1,069 | 1,271 | ||
NSTAR Electric Co. | 5.500% | 3/15/40 | 738 | 1,036 | ||
NSTAR Electric Co. | 4.400% | 3/1/44 | 1,067 | 1,354 | ||
Oglethorpe Power Corp. | 5.950% | 11/1/39 | 1,445 | 1,972 | ||
Oglethorpe Power Corp. | 5.375% | 11/1/40 | 1,740 | 2,252 | ||
Oglethorpe Power Corp. | 5.050% | 10/1/48 | 745 | 944 | ||
Oglethorpe Power Corp. | 5.250% | 9/1/50 | 698 | 907 | ||
Ohio Power Co. | 4.150% | 4/1/48 | 895 | 1,101 | ||
Ohio Power Co. | 4.000% | 6/1/49 | 1,313 | 1,584 | ||
Oklahoma Gas & Electric Co. | 4.150% | 4/1/47 | 855 | 1,041 | ||
Oklahoma Gas & Electric Co. | 3.850% | 8/15/47 | 656 | 767 | ||
Oncor Electric Delivery Co. LLC | 7.000% | 5/1/32 | 429 | 620 | ||
Oncor Electric Delivery Co. LLC | 7.250% | 1/15/33 | 1,163 | 1,738 | ||
Oncor Electric Delivery Co. LLC | 7.500% | 9/1/38 | 455 | 751 | ||
Oncor Electric Delivery Co. LLC | 5.250% | 9/30/40 | 1,045 | 1,431 | ||
Oncor Electric Delivery Co. LLC | 4.550% | 12/1/41 | 842 | 1,080 | ||
Oncor Electric Delivery Co. LLC | 5.300% | 6/1/42 | 950 | 1,338 | ||
Oncor Electric Delivery Co. LLC | 3.750% | 4/1/45 | 1,667 | 1,953 | ||
Oncor Electric Delivery Co. LLC | 3.800% | 9/30/47 | 1,340 | 1,589 | ||
Oncor Electric Delivery Co. LLC | 4.100% | 11/15/48 | 1,350 | 1,669 | ||
Oncor Electric Delivery Co. LLC | 3.800% | 6/1/49 | 1,752 | 2,091 | ||
2 | Oncor Electric Delivery Co. LLC | 3.100% | 9/15/49 | 2,099 | 2,239 | |
Oncor Electric Delivery Co. LLC | 5.350% | 10/1/52 | 521 | 784 | ||
ONE Gas Inc. | 4.658% | 2/1/44 | 813 | 1,015 | ||
ONE Gas Inc. | 4.500% | 11/1/48 | 1,045 | 1,297 | ||
Pacific Gas & Electric Co. | 3.250% | 6/1/31 | 62 | 61 | ||
Pacific Gas & Electric Co. | 4.500% | 7/1/40 | 4,340 | 4,406 | ||
Pacific Gas & Electric Co. | 3.300% | 8/1/40 | 2,438 | 2,249 | ||
Pacific Gas & Electric Co. | 4.200% | 6/1/41 | 1,400 | 1,380 | ||
Pacific Gas & Electric Co. | 4.750% | 2/15/44 | 1,332 | 1,357 | ||
Pacific Gas & Electric Co. | 4.300% | 3/15/45 | 1,355 | 1,328 | ||
Pacific Gas & Electric Co. | 3.950% | 12/1/47 | 4,299 | 4,080 | ||
Pacific Gas & Electric Co. | 4.950% | 7/1/50 | 7,248 | 7,669 | ||
Pacific Gas & Electric Co. | 3.500% | 8/1/50 | 5,410 | 4,883 | ||
PacifiCorp | 7.700% | 11/15/31 | 1,044 | 1,547 | ||
PacifiCorp | 5.250% | 6/15/35 | 1,639 | 2,137 | ||
PacifiCorp | 6.100% | 8/1/36 | 1,160 | 1,629 | ||
PacifiCorp | 5.750% | 4/1/37 | 1,291 | 1,771 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PacifiCorp | 6.250% | 10/15/37 | 1,022 | 1,470 | ||
PacifiCorp | 6.350% | 7/15/38 | 630 | 903 | ||
PacifiCorp | 6.000% | 1/15/39 | 1,409 | 2,012 | ||
PacifiCorp | 4.100% | 2/1/42 | 1,515 | 1,790 | ||
PacifiCorp | 4.125% | 1/15/49 | 1,265 | 1,533 | ||
PacifiCorp | 4.150% | 2/15/50 | 1,448 | 1,759 | ||
PacifiCorp | 3.300% | 3/15/51 | 1,410 | 1,523 | ||
PacifiCorp | 2.900% | 6/15/52 | 2,000 | 1,999 | ||
PECO Energy Co. | 5.950% | 10/1/36 | 548 | 792 | ||
PECO Energy Co. | 4.150% | 10/1/44 | 1,088 | 1,341 | ||
PECO Energy Co. | 3.900% | 3/1/48 | 1,202 | 1,443 | ||
PECO Energy Co. | 3.000% | 9/15/49 | 449 | 472 | ||
PECO Energy Co. | 2.800% | 6/15/50 | 741 | 750 | ||
PECO Energy Co. | 3.050% | 3/15/51 | 1,350 | 1,430 | ||
Piedmont Natural Gas Co. Inc. | 4.650% | 8/1/43 | 405 | 501 | ||
Piedmont Natural Gas Co. Inc. | 3.640% | 11/1/46 | 566 | 618 | ||
Piedmont Natural Gas Co. Inc. | 3.350% | 6/1/50 | 1,330 | 1,402 | ||
Potomac Electric Power Co. | 6.500% | 11/15/37 | 438 | 648 | ||
Potomac Electric Power Co. | 4.150% | 3/15/43 | 1,675 | 2,045 | ||
PPL Electric Utilities Corp. | 6.250% | 5/15/39 | 413 | 611 | ||
PPL Electric Utilities Corp. | 4.750% | 7/15/43 | 380 | 499 | ||
PPL Electric Utilities Corp. | 4.125% | 6/15/44 | 685 | 835 | ||
PPL Electric Utilities Corp. | 4.150% | 10/1/45 | 1,611 | 1,970 | ||
PPL Electric Utilities Corp. | 3.950% | 6/1/47 | 1,005 | 1,209 | ||
PPL Electric Utilities Corp. | 4.150% | 6/15/48 | 955 | 1,202 | ||
PPL Electric Utilities Corp. | 3.000% | 10/1/49 | 825 | 870 | ||
Progress Energy Inc. | 7.000% | 10/30/31 | 600 | 835 | ||
Progress Energy Inc. | 6.000% | 12/1/39 | 1,457 | 2,043 | ||
2 | Public Service Co. of Colorado | 6.250% | 9/1/37 | 1,865 | 2,779 | |
Public Service Co. of Colorado | 6.500% | 8/1/38 | 566 | 863 | ||
Public Service Co. of Colorado | 3.600% | 9/15/42 | 1,216 | 1,389 | ||
Public Service Co. of Colorado | 4.300% | 3/15/44 | 810 | 997 | ||
Public Service Co. of Colorado | 3.800% | 6/15/47 | 1,632 | 1,928 | ||
Public Service Co. of Colorado | 4.100% | 6/15/48 | 519 | 641 | ||
Public Service Co. of Colorado | 4.050% | 9/15/49 | 2,100 | 2,621 | ||
2 | Public Service Co. of Colorado | 3.200% | 3/1/50 | 935 | 1,012 | |
2 | Public Service Co. of Colorado | 2.700% | 1/15/51 | 1,075 | 1,077 | |
Public Service Co. of New Hampshire | 3.600% | 7/1/49 | 1,334 | 1,543 | ||
2 | Public Service Electric & Gas Co. | 5.800% | 5/1/37 | 460 | 644 | |
2 | Public Service Electric & Gas Co. | 5.500% | 3/1/40 | 1,100 | 1,534 | |
2 | Public Service Electric & Gas Co. | 3.950% | 5/1/42 | 415 | 496 | |
2 | Public Service Electric & Gas Co. | 3.650% | 9/1/42 | 1,313 | 1,513 | |
2 | Public Service Electric & Gas Co. | 3.800% | 1/1/43 | 580 | 682 | |
2 | Public Service Electric & Gas Co. | 3.800% | 3/1/46 | 1,156 | 1,369 | |
2 | Public Service Electric & Gas Co. | 3.600% | 12/1/47 | 1,175 | 1,354 | |
2 | Public Service Electric & Gas Co. | 4.050% | 5/1/48 | 734 | 905 | |
2 | Public Service Electric & Gas Co. | 3.850% | 5/1/49 | 1,053 | 1,267 | |
2 | Public Service Electric & Gas Co. | 3.200% | 8/1/49 | 990 | 1,077 | |
2 | Public Service Electric & Gas Co. | 3.150% | 1/1/50 | 334 | 361 | |
2 | Public Service Electric & Gas Co. | 2.700% | 5/1/50 | 860 | 858 | |
2 | Public Service Electric & Gas Co. | 2.050% | 8/1/50 | 1,065 | 939 | |
Puget Sound Energy Inc. | 6.274% | 3/15/37 | 816 | 1,161 | ||
Puget Sound Energy Inc. | 5.757% | 10/1/39 | 961 | 1,329 | ||
Puget Sound Energy Inc. | 5.795% | 3/15/40 | 713 | 1,009 | ||
Puget Sound Energy Inc. | 5.638% | 4/15/41 | 373 | 523 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Puget Sound Energy Inc. | 4.300% | 5/20/45 | 908 | 1,122 | ||
Puget Sound Energy Inc. | 4.223% | 6/15/48 | 999 | 1,238 | ||
Puget Sound Energy Inc. | 3.250% | 9/15/49 | 1,114 | 1,189 | ||
San Diego Gas & Electric Co. | 6.000% | 6/1/39 | 944 | 1,340 | ||
San Diego Gas & Electric Co. | 4.500% | 8/15/40 | 496 | 621 | ||
2 | San Diego Gas & Electric Co. | 3.750% | 6/1/47 | 1,494 | 1,702 | |
San Diego Gas & Electric Co. | 4.150% | 5/15/48 | 545 | 663 | ||
2 | San Diego Gas & Electric Co. | 4.100% | 6/15/49 | 1,275 | 1,547 | |
2 | San Diego Gas & Electric Co. | 3.320% | 4/15/50 | 1,135 | 1,217 | |
Sempra Energy | 3.800% | 2/1/38 | 1,636 | 1,833 | ||
Sempra Energy | 6.000% | 10/15/39 | 2,029 | 2,848 | ||
Sempra Energy | 4.000% | 2/1/48 | 1,880 | 2,129 | ||
Southern California Edison Co. | 6.000% | 1/15/34 | 718 | 948 | ||
2 | Southern California Edison Co. | 5.750% | 4/1/35 | 1,292 | 1,669 | |
2 | Southern California Edison Co. | 5.350% | 7/15/35 | 1,366 | 1,720 | |
Southern California Edison Co. | 5.625% | 2/1/36 | 1,489 | 1,903 | ||
2 | Southern California Edison Co. | 5.550% | 1/15/37 | 1,131 | 1,406 | |
2 | Southern California Edison Co. | 5.950% | 2/1/38 | 968 | 1,262 | |
Southern California Edison Co. | 6.050% | 3/15/39 | 957 | 1,279 | ||
Southern California Edison Co. | 5.500% | 3/15/40 | 1,684 | 2,128 | ||
Southern California Edison Co. | 4.500% | 9/1/40 | 1,331 | 1,540 | ||
Southern California Edison Co. | 4.050% | 3/15/42 | 948 | 1,017 | ||
2 | Southern California Edison Co. | 3.900% | 3/15/43 | 1,268 | 1,338 | |
Southern California Edison Co. | 4.650% | 10/1/43 | 399 | 459 | ||
2 | Southern California Edison Co. | 3.600% | 2/1/45 | 2,314 | 2,335 | |
Southern California Edison Co. | 4.000% | 4/1/47 | 2,103 | 2,231 | ||
2 | Southern California Edison Co. | 4.125% | 3/1/48 | 2,373 | 2,556 | |
2 | Southern California Edison Co. | 4.875% | 3/1/49 | 2,496 | 2,987 | |
Southern California Edison Co. | 3.650% | 2/1/50 | 2,736 | 2,791 | ||
2 | Southern California Edison Co. | 2.950% | 2/1/51 | 870 | 795 | |
2 | Southern California Edison Co. | 3.650% | 6/1/51 | 1,200 | 1,222 | |
Southern California Gas Co. | 5.125% | 11/15/40 | 495 | 657 | ||
Southern California Gas Co. | 3.750% | 9/15/42 | 828 | 941 | ||
2 | Southern California Gas Co. | 4.125% | 6/1/48 | 743 | 903 | |
2 | Southern California Gas Co. | 4.300% | 1/15/49 | 1,506 | 1,898 | |
2 | Southern California Gas Co. | 3.950% | 2/15/50 | 895 | 1,074 | |
Southern Co. | 4.250% | 7/1/36 | 1,079 | 1,268 | ||
Southern Co. | 4.400% | 7/1/46 | 4,100 | 4,929 | ||
Southern Co. Gas Capital Corp. | 5.875% | 3/15/41 | 1,533 | 2,154 | ||
Southern Co. Gas Capital Corp. | 4.400% | 6/1/43 | 2,382 | 2,867 | ||
Southern Co. Gas Capital Corp. | 3.950% | 10/1/46 | 769 | 875 | ||
Southern Co. Gas Capital Corp. | 4.400% | 5/30/47 | 1,141 | 1,368 | ||
Southern Power Co. | 5.150% | 9/15/41 | 1,008 | 1,257 | ||
Southern Power Co. | 5.250% | 7/15/43 | 210 | 266 | ||
2 | Southern Power Co. | 4.950% | 12/15/46 | 967 | 1,189 | |
Southwest Gas Corp. | 3.800% | 9/29/46 | 780 | 861 | ||
Southwest Gas Corp. | 4.150% | 6/1/49 | 790 | 924 | ||
Southwestern Electric Power Co. | 6.200% | 3/15/40 | 607 | 862 | ||
2 | Southwestern Electric Power Co. | 3.900% | 4/1/45 | 1,424 | 1,602 | |
2 | Southwestern Electric Power Co. | 3.850% | 2/1/48 | 902 | 1,014 | |
Southwestern Public Service Co. | 4.500% | 8/15/41 | 585 | 730 | ||
Southwestern Public Service Co. | 3.400% | 8/15/46 | 1,015 | 1,101 | ||
Southwestern Public Service Co. | 3.700% | 8/15/47 | 1,053 | 1,200 | ||
2 | Southwestern Public Service Co. | 4.400% | 11/15/48 | 655 | 838 | |
Southwestern Public Service Co. | 3.750% | 6/15/49 | 1,058 | 1,234 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
2 | Southwestern Public Service Co. | 3.150% | 5/1/50 | 858 | 912 | |
Tampa Electric Co. | 4.100% | 6/15/42 | 1,170 | 1,372 | ||
Tampa Electric Co. | 4.350% | 5/15/44 | 250 | 309 | ||
Tampa Electric Co. | 4.300% | 6/15/48 | 804 | 1,007 | ||
Tampa Electric Co. | 4.450% | 6/15/49 | 507 | 656 | ||
Tampa Electric Co. | 3.625% | 6/15/50 | 1,220 | 1,396 | ||
Tampa Electric Co. | 3.450% | 3/15/51 | 1,000 | 1,107 | ||
Toledo Edison Co. | 6.150% | 5/15/37 | 926 | 1,289 | ||
Tucson Electric Power Co. | 4.850% | 12/1/48 | 1,000 | 1,322 | ||
Tucson Electric Power Co. | 4.000% | 6/15/50 | 885 | 1,068 | ||
Union Electric Co. | 2.150% | 3/15/32 | 1,393 | 1,408 | ||
Union Electric Co. | 5.300% | 8/1/37 | 398 | 519 | ||
Union Electric Co. | 3.900% | 9/15/42 | 1,945 | 2,269 | ||
Union Electric Co. | 3.650% | 4/15/45 | 1,407 | 1,614 | ||
Union Electric Co. | 4.000% | 4/1/48 | 782 | 944 | ||
Union Electric Co. | 3.250% | 10/1/49 | 1,830 | 1,996 | ||
Union Electric Co. | 2.625% | 3/15/51 | 300 | 292 | ||
Veolia Environnement SA | 6.750% | 6/1/38 | 772 | 1,175 | ||
2 | Virginia Electric & Power Co. | 6.000% | 1/15/36 | 1,297 | 1,824 | |
2 | Virginia Electric & Power Co. | 6.000% | 5/15/37 | 1,296 | 1,830 | |
Virginia Electric & Power Co. | 6.350% | 11/30/37 | 1,233 | 1,810 | ||
Virginia Electric & Power Co. | 8.875% | 11/15/38 | 1,164 | 2,094 | ||
Virginia Electric & Power Co. | 4.000% | 1/15/43 | 1,604 | 1,890 | ||
2 | Virginia Electric & Power Co. | 4.650% | 8/15/43 | 2,176 | 2,769 | |
Virginia Electric & Power Co. | 4.450% | 2/15/44 | 954 | 1,191 | ||
2 | Virginia Electric & Power Co. | 4.200% | 5/15/45 | 1,655 | 2,016 | |
2 | Virginia Electric & Power Co. | 4.000% | 11/15/46 | 728 | 867 | |
2 | Virginia Electric & Power Co. | 3.800% | 9/15/47 | 1,398 | 1,621 | |
Virginia Electric & Power Co. | 4.600% | 12/1/48 | 1,585 | 2,093 | ||
Virginia Electric & Power Co. | 3.300% | 12/1/49 | 1,100 | 1,197 | ||
Virginia Electric & Power Co. | 2.450% | 12/15/50 | 1,510 | 1,411 | ||
2 | Washington Gas Light Co. | 3.796% | 9/15/46 | 888 | 1,020 | |
2 | Washington Gas Light Co. | 3.650% | 9/15/49 | 1,188 | 1,363 | |
Wisconsin Electric Power Co. | 5.625% | 5/15/33 | 527 | 699 | ||
Wisconsin Electric Power Co. | 5.700% | 12/1/36 | 390 | 538 | ||
Wisconsin Electric Power Co. | 4.300% | 10/15/48 | 1,305 | 1,660 | ||
Wisconsin Power & Light Co. | 6.375% | 8/15/37 | 499 | 721 | ||
Wisconsin Power & Light Co. | 3.650% | 4/1/50 | 1,980 | 2,288 | ||
Wisconsin Public Service Corp. | 3.671% | 12/1/42 | 969 | 1,125 | ||
Wisconsin Public Service Corp. | 4.752% | 11/1/44 | 1,238 | 1,624 | ||
Wisconsin Public Service Corp. | 3.300% | 9/1/49 | 380 | 411 | ||
Xcel Energy Inc. | 6.500% | 7/1/36 | 917 | 1,340 | ||
Xcel Energy Inc. | 3.500% | 12/1/49 | 1,305 | 1,431 | ||
719,248 | ||||||
Total Corporate Bonds (Cost $5,988,349) | 6,092,606 | |||||
Taxable Municipal Bonds (0.0%) | ||||||
Charlotte-Mecklenburg NC Hospital Authority Health Care System Revenue (Cost $1,000) | 3.204% | 1/15/51 | 1,000 | 1,100 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (0.2%) | ||||||
Money Market Fund (0.2%) | ||||||
5 | Vanguard Market Liquidity Fund (Cost $13,816) | 0.068% | 138,159 | 13,816 | ||
Total Investments (99.2%) (Cost $6,019,957) | 6,124,316 | |||||
Other Assets and Liabilities—Net (0.8%) | 46,463 | |||||
Net Assets (100%) | 6,170,779 |
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
1 | 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 August 31, 2021, the aggregate value was $177,813,000, representing 2.9% of net assets. |
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 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of August 31, 2021. |
4 | Securities with a value of $901,000 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 | December 2021 | 1 | 163 | — |
Short Futures Contracts | ||||
Ultra Long U.S. Treasury Bond | December 2021 | (2) | (395) | — |
— |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $6,006,141) | 6,110,500 |
Affiliated Issuers (Cost $13,816) | 13,816 |
Total Investments in Securities | 6,124,316 |
Investment in Vanguard | 209 |
Receivables for Investment Securities Sold | 46,940 |
Receivables for Accrued Income | 62,687 |
Receivables for Capital Shares Issued | 401 |
Variation Margin Receivable—Futures Contracts | 96 |
Total Assets | 6,234,649 |
Liabilities | |
Due to Custodian | 1,402 |
Payables for Investment Securities Purchased | 61,973 |
Payables for Capital Shares Redeemed | 286 |
Payables for Distributions | 189 |
Payables to Vanguard | 20 |
Total Liabilities | 63,870 |
Net Assets | 6,170,779 |
Statement of Assets and Liabilities (continued) | |
At August 31, 2021, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 6,103,671 |
Total Distributable Earnings (Loss) | 67,108 |
Net Assets | 6,170,779 |
ETF Shares—Net Assets | |
Applicable to 50,931,702 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 5,516,560 |
Net Asset Value Per Share—ETF Shares | $108.31 |
Admiral Shares—Net Assets | |
Applicable to 10,833,557 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 314,484 |
Net Asset Value Per Share—Admiral Shares | $29.03 |
Institutional Shares—Net Assets | |
Applicable to 9,431,344 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 339,735 |
Net Asset Value Per Share—Institutional Shares | $36.02 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 194,642 |
Total Income | 194,642 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 144 |
Management and Administrative—ETF Shares | 1,699 |
Management and Administrative—Admiral Shares | 195 |
Management and Administrative—Institutional Shares | 120 |
Marketing and Distribution—ETF Shares | 247 |
Marketing and Distribution—Admiral Shares | 15 |
Marketing and Distribution—Institutional Shares | 7 |
Custodian Fees | 138 |
Auditing Fees | 42 |
Shareholders’ Reports—ETF Shares | 103 |
Shareholders’ Reports—Admiral Shares | 3 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 2 |
Total Expenses | 2,715 |
Net Investment Income | 191,927 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 317,856 |
Futures Contracts | 270 |
Realized Net Gain (Loss) | 318,126 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (264,746) |
Futures Contracts | (26) |
Change in Unrealized Appreciation (Depreciation) | (264,772) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 245,281 |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $16,000, less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $329,778,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 191,927 | 177,949 |
Realized Net Gain (Loss) | 318,126 | 309,396 |
Change in Unrealized Appreciation (Depreciation) | (264,772) | (172,927) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 245,281 | 314,418 |
Distributions | ||
ETF Shares | (171,844) | (151,191) |
Admiral Shares | (10,118) | (10,090) |
Institutional Shares | (8,735) | (16,541) |
Total Distributions | (190,697) | (177,822) |
Capital Share Transactions | ||
ETF Shares | 255,122 | 1,024,186 |
Admiral Shares | (9,215) | 53,933 |
Institutional Shares | 68,703 | (284,804) |
Net Increase (Decrease) from Capital Share Transactions | 314,610 | 793,315 |
Total Increase (Decrease) | 369,194 | 929,911 |
Net Assets | ||
Beginning of Period | 5,801,585 | 4,871,674 |
End of Period | 6,170,779 | 5,801,585 |
ETF Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $107.01 | $102.86 | $88.35 | $94.07 | $96.37 |
Investment Operations | |||||
Net Investment Income1 | 3.294 | 3.701 | 3.936 | 3.880 | 3.897 |
Net Realized and Unrealized Gain (Loss) on Investments2 | 1.288 | 4.189 | 14.458 | (5.722) | (2.356) |
Total from Investment Operations | 4.582 | 7.890 | 18.394 | (1.842) | 1.541 |
Distributions | |||||
Dividends from Net Investment Income | (3.282) | (3.740) | (3.884) | (3.878) | (3.841) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (3.282) | (3.740) | (3.884) | (3.878) | (3.841) |
Net Asset Value, End of Period | $108.31 | $107.01 | $102.86 | $88.35 | $94.07 |
Total Return | 4.39% | 7.90% | 21.60% | -2.01% | 1.81% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $5,517 | $5,214 | $4,074 | $2,509 | $2,098 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.05% | 0.05% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 3.10% | 3.60% | 4.36% | 4.26% | 4.27% |
Portfolio Turnover Rate3 | 36% | 62% | 47% | 48% | 56% |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.03, $.00, $.00, $.09, and $.09. |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $28.68 | $27.55 | $23.65 | $25.18 | $25.79 |
Investment Operations | |||||
Net Investment Income1 | .877 | .988 | 1.053 | 1.043 | 1.047 |
Net Realized and Unrealized Gain (Loss) on Investments2 | .345 | 1.125 | 3.895 | (1.536) | (.625) |
Total from Investment Operations | 1.222 | 2.113 | 4.948 | (.493) | .422 |
Distributions | |||||
Dividends from Net Investment Income | (.872) | (.983) | (1.048) | (1.037) | (1.032) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (.872) | (.983) | (1.048) | (1.037) | (1.032) |
Net Asset Value, End of Period | $29.03 | $28.68 | $27.55 | $23.65 | $25.18 |
Total Return3 | 4.37% | 7.87% | 21.64% | -2.00% | 1.84% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $314 | $320 | $256 | $186 | $161 |
Ratio of Total Expenses to Average Net Assets | 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% |
Portfolio Turnover Rate4 | 36% | 62% | 47% | 48% | 56% |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.01, $0.00, $0.00, $.03, and $.02. |
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 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $35.59 | $34.18 | $29.36 | $31.25 | $32.02 |
Investment Operations | |||||
Net Investment Income1 | 1.095 | 1.250 | 1.314 | 1.299 | 1.306 |
Net Realized and Unrealized Gain (Loss) on Investments2 | .425 | 1.387 | 4.812 | (1.895) | (.790) |
Total from Investment Operations | 1.520 | 2.637 | 6.126 | (.596) | .516 |
Distributions | |||||
Dividends from Net Investment Income | (1.090) | (1.227) | (1.306) | (1.294) | (1.286) |
Distributions from Realized Capital Gains | — | — | — | — | — |
Total Distributions | (1.090) | (1.227) | (1.306) | (1.294) | (1.286) |
Net Asset Value, End of Period | $36.02 | $35.59 | $34.18 | $29.36 | $31.25 |
Total Return3 | 4.37% | 7.91% | 21.58% | -1.95% | 1.81% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $340 | $268 | $541 | $786 | $528 |
Ratio of Total Expenses to Average Net Assets | 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% |
Portfolio Turnover Rate4 | 36% | 62% | 47% | 48% | 56% |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.01, $.00, $.00, $.03, and $.03. |
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. |
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 | — | 16,794 | — | 16,794 |
Corporate Bonds | — | 6,092,606 | — | 6,092,606 |
Taxable Municipal Bonds | — | 1,100 | — | 1,100 |
Temporary Cash Investments | 13,816 | — | — | 13,816 |
Total | 13,816 | 6,110,500 | — | 6,124,316 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | — | — | — | — |
Liabilities | ||||
Futures Contracts1 | — | — | — | — |
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. | Permanent differences between book-basis and tax-basis components of net assets are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. As of period end, permanent differences primarily attributable to the accounting for in-kind redemptions were reclassified between the following accounts: |
Amount ($000) | |
Paid-in Capital | 328,751 |
Total Distributable Earnings (Loss) | (328,751) |
Amount ($000) | |
Undistributed Ordinary Income | 14,443 |
Undistributed Long-Term Gains | — |
Capital Loss Carryforwards | (48,954) |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 101,808 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 190,697 | 177,822 |
Long-Term Capital Gains | — | — |
Total | 190,697 | 177,822 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 6,022,508 |
Gross Unrealized Appreciation | 173,136 |
Gross Unrealized Depreciation | (71,328) |
Net Unrealized Appreciation (Depreciation) | 101,808 |
E. | During the year ended August 31, 2021, the fund purchased $7,187,890,000 of investment securities and sold $6,821,567,000 of investment securities, other than U.S. government securities and temporary cash investments. Purchases and sales of U.S. government securities were $747,969,000 and $758,857,000, respectively. Purchases and sales include $5,588,820,000 and $5,352,953,000, 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: |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued1 | 5,694,795 | 53,910 | 3,855,752 | 37,213 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (5,439,673) | (51,700) | (2,831,566) | (28,100) | |
Net Increase (Decrease)—ETF Shares | 255,122 | 2,210 | 1,024,186 | 9,113 | |
Admiral Shares | |||||
Issued1 | 114,076 | 3,986 | 140,978 | 5,094 | |
Issued in Lieu of Cash Distributions | 7,862 | 276 | 7,676 | 277 | |
Redeemed | (131,153) | (4,585) | (94,721) | (3,505) | |
Net Increase (Decrease)—Admiral Shares | (9,215) | (323) | 53,933 | 1,866 | |
Institutional Shares | |||||
Issued1 | 79,701 | 2,217 | 13,691 | 364 | |
Issued in Lieu of Cash Distributions | 8,735 | 247 | 14,985 | 440 | |
Redeemed | (19,733) | (566) | (313,480) | (9,109) | |
Net Increase (Decrease)—Institutional Shares | 68,703 | 1,898 | (284,804) | (8,305) |
1 | Includes purchase fees for fiscal 2021 and 2020 of $1,995,000 and $1,562,000, respectively (fund totals). |
G. | Management has determined that no events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Mortgage-Backed Securities Index Fund ETF Shares Net Asset Value | -0.35% | 2.15% | 2.32% | $12,583 | |
Mortgage-Backed Securities Index Fund ETF Shares Market Price | -0.33 | 2.15 | 2.32 | 12,582 | |
Bloomberg U.S. MBS Float Adjusted Index | -0.17 | 2.26 | 2.42 | 12,697 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 13,728 |
Average Annual Total Returns Periods Ended August 31, 2021 | |||||
One Year | Five Years | Ten Years | Final Value of a $10,000 Investment | ||
Mortgage-Backed Securities Index Fund Admiral Shares | -0.38% | 2.14% | 2.32% | $12,575 | |
Bloomberg U.S. MBS Float Adjusted Index | -0.17 | 2.26 | 2.42 | 12,697 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.22 | 13,728 |
One Year | Five Years | Since Inception (10/31/2013) | Final Value of a $5,000,000 Investment | ||
Mortgage-Backed Securities Index Fund Institutional Shares | -0.38% | 2.16% | 2.58% | $6,104,345 | |
Bloomberg U.S. MBS Float Adjusted Index | -0.17 | 2.26 | 2.65 | 6,136,381 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 3.15 | 3.47 | 6,530,135 |
Cumulative Returns of ETF Shares: August 31, 2011, Through August 31, 2021 | |||
One Year | Five Years | Ten Years | |
Mortgage-Backed Securities Index Fund ETF Shares Market Price | -0.33% | 11.23% | 25.82% |
Mortgage-Backed Securities Index Fund ETF Shares Net Asset Value | -0.35 | 11.23 | 25.83 |
Bloomberg U.S. MBS Float Adjusted Index | -0.17 | 11.83 | 26.97 |
0 - 10 Years | 2.4% |
10 - 20 Years | 17.7 |
20 - 30 Years | 72.4 |
30 - 40 Years | 7.5 |
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 | 7,228 | 7,480 | |
1,2 | Freddie Mac Gold Pool | 2.500% | 5/1/22–2/1/43 | 110,977 | 116,243 | |
1,2 | Freddie Mac Gold Pool | 3.000% | 1/1/26–6/1/49 | 378,005 | 398,956 | |
1,2 | Freddie Mac Gold Pool | 3.500% | 9/1/25–2/1/49 | 364,228 | 390,607 | |
1,2 | Freddie Mac Gold Pool | 4.000% | 3/1/24–6/1/49 | 212,879 | 231,517 | |
1,2 | Freddie Mac Gold Pool | 4.500% | 3/1/23–11/1/48 | 111,908 | 123,216 | |
1,2 | Freddie Mac Gold Pool | 5.000% | 3/1/23–11/1/48 | 36,218 | 40,827 | |
1,2 | Freddie Mac Gold Pool | 5.500% | 7/1/22–6/1/41 | 29,361 | 33,647 | |
1,2 | Freddie Mac Gold Pool | 6.000% | 1/1/24–5/1/40 | 18,608 | 21,843 | |
1,2 | Freddie Mac Gold Pool | 6.500% | 10/1/28–9/1/39 | 1,590 | 1,822 | |
1,2 | Freddie Mac Gold Pool | 7.000% | 7/1/28–12/1/38 | 136 | 157 | |
1 | Ginnie Mae I Pool | 2.500% | 6/15/27–6/15/28 | 243 | 255 | |
1 | Ginnie Mae I Pool | 3.000% | 1/15/26–3/15/45 | 16,838 | 17,672 | |
1 | Ginnie Mae I Pool | 3.500% | 2/15/26–9/15/49 | 29,204 | 31,109 | |
1 | Ginnie Mae I Pool | 4.000% | 7/15/24–6/15/49 | 20,517 | 22,369 | |
1 | Ginnie Mae I Pool | 4.500% | 8/15/33–7/15/49 | 29,167 | 32,912 | |
1 | Ginnie Mae I Pool | 5.000% | 5/15/33–4/15/41 | 14,092 | 16,182 | |
1 | Ginnie Mae I Pool | 5.500% | 10/15/32–3/15/40 | 4,855 | 5,650 | |
1 | Ginnie Mae I Pool | 6.000% | 4/15/28–5/15/41 | 1,245 | 1,447 | |
1 | Ginnie Mae I Pool | 6.500% | 5/15/24–1/15/39 | 83 | 97 | |
1 | Ginnie Mae I Pool | 7.000% | 10/15/27 | 2 | 2 | |
1,3 | Ginnie Mae II Pool | 1.500% | 3/20/51–9/15/51 | 15,397 | 15,276 | |
1,3 | Ginnie Mae II Pool | 2.000% | 8/20/50–9/15/51 | 651,446 | 665,919 | |
1,3 | Ginnie Mae II Pool | 2.500% | 6/20/27–9/15/51 | 624,586 | 649,087 | |
1,3 | Ginnie Mae II Pool | 3.000% | 10/20/26–9/15/51 | 785,950 | 826,342 | |
1,3 | Ginnie Mae II Pool | 3.500% | 12/20/25–9/15/51 | 653,784 | 696,204 | |
1,3 | Ginnie Mae II Pool | 4.000% | 9/20/25–9/15/51 | 334,669 | 360,098 | |
1 | Ginnie Mae II Pool | 4.500% | 2/20/39–7/20/50 | 164,591 | 177,939 | |
1 | Ginnie Mae II Pool | 5.000% | 6/20/33–12/20/49 | 55,051 | 60,091 | |
1 | Ginnie Mae II Pool | 5.500% | 11/20/33–7/20/49 | 7,096 | 8,221 | |
1 | Ginnie Mae II Pool | 6.000% | 3/20/31–9/20/41 | 2,957 | 3,443 | |
1 | Ginnie Mae II Pool | 6.500% | 10/20/28–9/20/40 | 448 | 530 | |
1 | Ginnie Mae II Pool | 7.000% | 4/20/38–11/20/38 | 40 | 50 | |
1,2,3 | UMBS Pool | 1.500% | 7/1/35–9/25/51 | 909,676 | 905,700 | |
1,2,3 | UMBS Pool | 2.000% | 4/1/23–9/25/51 | 3,521,692 | 3,589,902 | |
1,2,3 | UMBS Pool | 2.500% | 11/1/26–9/25/51 | 2,408,471 | 2,509,903 | |
1,2,3 | UMBS Pool | 3.000% | 11/1/25–9/25/51 | 1,697,245 | 1,787,242 | |
1,2,3 | UMBS Pool | 3.500% | 8/1/25–9/25/51 | 1,145,308 | 1,224,624 | |
1,2,3 | UMBS Pool | 4.000% | 4/1/24–9/25/51 | 830,257 | 901,137 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1,2 | UMBS Pool | 4.500% | 4/1/23–7/1/50 | 375,310 | 412,760 | |
1,2 | UMBS Pool | 5.000% | 2/1/22–3/1/50 | 131,344 | 147,252 | |
1,2 | UMBS Pool | 5.500% | 2/1/23–6/1/49 | 56,558 | 64,829 | |
1,2 | UMBS Pool | 6.000% | 4/1/23–6/1/41 | 32,243 | 38,130 | |
1,2 | UMBS Pool | 6.500% | 3/1/22–10/1/39 | 4,491 | 5,231 | |
1,2 | UMBS Pool | 7.000% | 12/1/22–10/1/37 | 326 | 387 | |
1,2 | UMBS Pool | 7.500% | 11/1/22 | 1 | 1 | |
16,544,308 | ||||||
Nonconventional Mortgage-Backed Securities (0.0%) | ||||||
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.290% | 1.665% | 12/1/41 | 28 | 29 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.310% | 1.684% | 9/1/37 | 15 | 16 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.471% | 1.846% | 3/1/43 | 116 | 122 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.560% | 2.318% | 7/1/43 | 377 | 396 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.598% | 1.931% | 6/1/43 | 41 | 43 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.624% | 1.973% | 10/1/37 | 25 | 26 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.627% | 2.002% | 3/1/38 | 3 | 3 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.655% | 1.954% | 10/1/42 | 64 | 67 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.681% | 2.010% | 8/1/39 | 20 | 21 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.690% | 1.940% | 9/1/42 | 160 | 168 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.690% | 2.159% | 10/1/39 | 10 | 11 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.700% | 2.075% | 12/1/40 | 50 | 53 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.709% | 2.032% | 5/1/42 | 18 | 19 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.724% | 2.199% | 11/1/39 | 7 | 7 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.768% | 2.110% | 5/1/42 | 10 | 11 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.795% | 3.188% | 8/1/42 | 50 | 52 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.798% | 2.122% | 3/1/42 | 25 | 27 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.803% | 2.077% | 9/1/40 | 42 | 45 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.805% | 2.265% | 11/1/41 | 28 | 31 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.810% | 2.185% | 12/1/40 | 1 | 1 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.810% | 2.310% | 10/1/40 | 5 | 5 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.813% | 2.205% | 1/1/42 | 35 | 37 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.813% | 2.218% | 11/1/41 | 6 | 7 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.815% | 2.071% | 5/1/41 | 15 | 15 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.815% | 2.220% | 12/1/41 | 26 | 28 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.815% | 2.315% | 11/1/40 | 2 | 3 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.823% | 2.194% | 12/1/39 | 48 | 50 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.823% | 2.196% | 3/1/41 | 38 | 40 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.827% | 2.202% | 2/1/41 | 2 | 2 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.828% | 2.110% | 2/1/42 | 36 | 39 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.830% | 2.205% | 4/1/41 | 17 | 18 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.835% | 2.210% | 1/1/40 | 1 | 1 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.864% | 2.115% | 5/1/40 | 1 | 1 | |
1,2,4 | Fannie Mae Pool, 12M USD LIBOR + 1.914% | 2.164% | 4/1/37 | 3 | 3 | |
1,2,4 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.640% | 2.155% | 11/1/43 | 55 | 57 | |
1,2,4 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.660% | 2.160% | 10/1/37 | 4 | 4 | |
1,2,4 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.695% | 2.070% | 2/1/37 | 9 | 10 | |
1,2,4 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.745% | 2.120% | 12/1/40 | 10 | 11 | |
1,2,4 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.840% | 2.090% | 6/1/37 | �� 21 | 22 | |
1,2,4 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.845% | 2.238% | 2/1/42 | 8 | 9 | |
1,2,4 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.880% | 2.130% | 6/1/41 | 20 | 21 | |
1,2,4 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.880% | 2.132% | 6/1/40 | 8 | 8 | |
1,2,4 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.896% | 2.324% | 9/1/40 | 20 | 21 | |
1,2,4 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.900% | 2.150% | 6/1/40 | 5 | 5 | |
1,2,4 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.900% | 2.318% | 12/1/39 | 5 | 5 | |
1,2,4 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.910% | 2.285% | 2/1/41 | 36 | 38 | |
1,2,4 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 2.085% | 2.460% | 3/1/38 | 5 | 5 | |
1,4 | Ginnie Mae II Pool, 1YR CMT + 1.500% | 1.875% | 4/20/41 | 2 | 2 | |
1,4 | Ginnie Mae II Pool, 1YR CMT + 1.500% | 2.000% | 1/20/41–2/20/41 | 142 | 147 | |
1,4 | Ginnie Mae II Pool, 1YR CMT + 1.500% | 2.125% | 11/20/40–12/20/42 | 155 | 160 | |
1,4 | Ginnie Mae II Pool, 1YR CMT + 1.500% | 2.250% | 7/20/41–8/20/41 | 45 | 48 | |
1,4 | Ginnie Mae II Pool, 1YR CMT + 2.000% | 2.125% | 11/20/40 | 3 | 3 | |
1,4 | Ginnie Mae II Pool, 1YR CMT + 2.000% | 2.375% | 5/20/41 | 1 | 1 | |
1,974 | ||||||
Total U.S. Government and Agency Obligations (Cost $16,353,371) | 16,546,282 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (7.9%) | ||||||
Money Market Fund (7.9%) | ||||||
5 | Vanguard Market Liquidity Fund (Cost $1,302,359) | 0.068% | 13,027,624 | 1,302,763 | ||
Total Investments (107.6%) (Cost $17,655,730) | 17,849,045 | |||||
Other Assets and Liabilities—Net (-7.6%) | (1,253,132) | |||||
Net Assets (100%) | 16,595,913 |
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 August 31, 2021. |
4 | 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. |
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. |
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 $16,353,371) | 16,546,282 |
Affiliated Issuers (Cost $1,302,359) | 1,302,763 |
Total Investments in Securities | 17,849,045 |
Investment in Vanguard | 556 |
Receivables for Investment Securities Sold | 95,296 |
Receivables for Accrued Income | 34,739 |
Receivables for Capital Shares Issued | 62,788 |
Total Assets | 18,042,424 |
Liabilities | |
Due to Custodian | 321 |
Payables for Investment Securities Purchased | 1,443,900 |
Payables for Capital Shares Redeemed | 1,901 |
Payables for Distributions | 336 |
Payables to Vanguard | 53 |
Total Liabilities | 1,446,511 |
Net Assets | 16,595,913 |
Statement of Assets and Liabilities (continued) | |
At August 31, 2021, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 16,400,805 |
Total Distributable Earnings (Loss) | 195,108 |
Net Assets | 16,595,913 |
ETF Shares—Net Assets | |
Applicable to 281,567,139 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 15,054,794 |
Net Asset Value Per Share—ETF Shares | $53.47 |
Admiral Shares—Net Assets | |
Applicable to 66,384,303 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,418,702 |
Net Asset Value Per Share—Admiral Shares | $21.37 |
Institutional Shares—Net Assets | |
Applicable to 4,227,083 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 122,417 |
Net Asset Value Per Share—Institutional Shares | $28.96 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 168,403 |
Total Income | 168,403 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 353 |
Management and Administrative—ETF Shares | 3,949 |
Management and Administrative—Admiral Shares | 737 |
Management and Administrative—Institutional Shares | 68 |
Marketing and Distribution—ETF Shares | 600 |
Marketing and Distribution—Admiral Shares | 56 |
Marketing and Distribution—Institutional Shares | 5 |
Custodian Fees | 124 |
Auditing Fees | 45 |
Shareholders’ Reports—ETF Shares | 598 |
Shareholders’ Reports—Admiral Shares | 33 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 5 |
Total Expenses | 6,573 |
Net Investment Income | 161,830 |
Realized Net Gain (Loss) on Investment Securities Sold1 | (11,804) |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (200,070) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (50,044) |
1 | Interest income, realized net gain (loss), and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $1,765,000, less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 161,830 | 271,975 |
Realized Net Gain (Loss) | (11,804) | 42,324 |
Change in Unrealized Appreciation (Depreciation) | (200,070) | 218,341 |
Net Increase (Decrease) in Net Assets Resulting from Operations | (50,044) | 532,640 |
Distributions | ||
ETF Shares | (172,665) | (255,578) |
Admiral Shares | (15,250) | (21,433) |
Institutional Shares | (2,046) | (3,282) |
Total Distributions | (189,961) | (280,293) |
Capital Share Transactions | ||
ETF Shares | 3,630,070 | 1,098,083 |
Admiral Shares | 278,308 | 298,089 |
Institutional Shares | (45,377) | 48,576 |
Net Increase (Decrease) from Capital Share Transactions | 3,863,001 | 1,444,748 |
Total Increase (Decrease) | 3,622,996 | 1,697,095 |
Net Assets | ||
Beginning of Period | 12,972,917 | 11,275,822 |
End of Period | 16,595,913 | 12,972,917 |
ETF Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $54.36 | $53.26 | $51.38 | $53.00 | $53.79 |
Investment Operations | |||||
Net Investment Income1 | .581 | 1.197 | 1.564 | 1.325 | 1.059 |
Net Realized and Unrealized Gain (Loss) on Investments | (.768) | 1.146 | 1.859 | (1.683) | (.682) |
Total from Investment Operations | (.187) | 2.343 | 3.423 | (.358) | .377 |
Distributions | |||||
Dividends from Net Investment Income | (.594) | (1.243) | (1.543) | (1.262) | (1.004) |
Distributions from Realized Capital Gains | (.109) | — | — | — | (.163) |
Total Distributions | (.703) | (1.243) | (1.543) | (1.262) | (1.167) |
Net Asset Value, End of Period | $53.47 | $54.36 | $53.26 | $51.38 | $53.00 |
Total Return | -0.35% | 4.45% | 6.80% | -0.67% | 0.74% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $15,055 | $11,643 | $10,316 | $7,193 | $4,252 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.05% | 0.05% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.08% | 2.22% | 3.01% | 2.56% | 2.00% |
Portfolio Turnover Rate2 | 316% | 218% | 190% | 279% | 339% |
1 | Calculated based on average shares outstanding. |
2 | Includes 237%, 11%, 34%, 78%, and 133%, respectively, attributable to mortgage-dollar-roll activity. |
Admiral Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $21.72 | $21.26 | $20.51 | $21.17 | $21.49 |
Investment Operations | |||||
Net Investment Income1 | .211 | .470 | .622 | .528 | .413 |
Net Realized and Unrealized Gain (Loss) on Investments | (.292) | .463 | .742 | (.674) | (.258) |
Total from Investment Operations | (.081) | .933 | 1.364 | (.146) | .155 |
Distributions | |||||
Dividends from Net Investment Income | (.225) | (.473) | (.614) | (.514) | (.410) |
Distributions from Realized Capital Gains | (.044) | — | — | — | (.065) |
Total Distributions | (.269) | (.473) | (.614) | (.514) | (.475) |
Net Asset Value, End of Period | $21.37 | $21.72 | $21.26 | $20.51 | $21.17 |
Total Return2 | -0.38% | 4.43% | 6.77% | -0.68% | 0.76% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $1,419 | $1,159 | $841 | $725 | $527 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 0.98% | 2.18% | 2.99% | 2.56% | 2.00% |
Portfolio Turnover Rate3 | 316% | 218% | 190% | 279% | 339% |
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 237%, 11%, 34%, 78%, and 133%, respectively, attributable to mortgage-dollar-roll activity. |
Institutional Shares | |||||
For a Share Outstanding Throughout Each Period | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | |
Net Asset Value, Beginning of Period | $29.44 | $28.81 | $27.79 | $28.69 | $29.12 |
Investment Operations | |||||
Net Investment Income1 | .393 | .641 | .846 | .721 | .571 |
Net Realized and Unrealized Gain (Loss) on Investments | (.503) | .636 | 1.011 | (.920) | (.353) |
Total from Investment Operations | (.110) | 1.277 | 1.857 | (.199) | .218 |
Distributions | |||||
Dividends from Net Investment Income | (.311) | (.647) | (.837) | (.701) | (.560) |
Distributions from Realized Capital Gains | (.059) | — | — | — | (.088) |
Total Distributions | (.370) | (.647) | (.837) | (.701) | (.648) |
Net Asset Value, End of Period | $28.96 | $29.44 | $28.81 | $27.79 | $28.69 |
Total Return | -0.38% | 4.48% | 6.80% | -0.68% | 0.79% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $122 | $171 | $119 | $70 | $52 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 1.35% | 2.20% | 3.01% | 2.58% | 2.02% |
Portfolio Turnover Rate2 | 316% | 218% | 190% | 279% | 339% |
1 | Calculated based on average shares outstanding. |
2 | Includes 237%, 11%, 34%, 78%, and 133%, 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 | — | 16,546,282 | — | 16,546,282 |
Temporary Cash Investments | 1,302,763 | — | — | 1,302,763 |
Total | 1,302,763 | 16,546,282 | — | 17,849,045 |
D. | Permanent differences between book-basis and tax-basis components of net assets, if any, are reclassified among capital accounts in the financial statements to reflect their tax character. These reclassifications have no effect on net assets or net asset value per share. |
Amount ($000) | |
Undistributed Ordinary Income | 14,659 |
Undistributed Long-Term Gains | — |
Capital Loss Carryforwards | (3,869) |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 184,654 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 187,294 | 280,293 |
Long-Term Capital Gains | 2,667 | — |
Total | 189,961 | 280,293 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 17,664,391 |
Gross Unrealized Appreciation | 243,660 |
Gross Unrealized Depreciation | (59,006) |
Net Unrealized Appreciation (Depreciation) | 184,654 |
E. | During the year ended August 31, 2021, the fund purchased $51,874,774,000 of investment securities and sold $47,864,807,000 of investment securities, other than temporary cash investments. Purchases and sales include $141,142,000 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: |
Year Ended August 31, | |||||
2021 | 2020 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 4,732,739 | 87,937 | 2,840,003 | 52,845 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,102,669) | (20,550) | (1,741,920) | (32,350) | |
Net Increase (Decrease)—ETF Shares | 3,630,070 | 67,387 | 1,098,083 | 20,495 | |
Admiral Shares | |||||
Issued | 811,357 | 37,785 | 684,698 | 31,678 | |
Issued in Lieu of Cash Distributions | 10,095 | 470 | 13,116 | 609 | |
Redeemed | (543,144) | (25,236) | (399,725) | (18,497) | |
Net Increase (Decrease)—Admiral Shares | 278,308 | 13,019 | 298,089 | 13,790 | |
Institutional Shares | |||||
Issued | 48,026 | 1,650 | 74,790 | 2,567 | |
Issued in Lieu of Cash Distributions | 1,521 | 52 | 2,297 | 79 | |
Redeemed | (94,924) | (3,272) | (28,511) | (970) | |
Net Increase (Decrease)—Institutional Shares | (45,377) | (1,570) | 48,576 | 1,676 |
G. | Management has determined that no events or transactions occurred subsequent to August 31, 2021, that would require recognition or disclosure in these financial statements. |
Philadelphia, Pennsylvania
October 20, 2021
Matthew Benchener | Chris D. McIsaac |
Joseph Brennan | Thomas M. Rampulla |
Mortimer J. Buckley | Karin A. Risi |
Gregory Davis | Anne E. Robinson |
John James | Michael Rollings |
John T. Marcante | Lauren Valente |
Who Are Deaf or Hard of Hearing > 800-749-7273
All rights reserved.
U.S. Patent Nos. 6,879,964 and 7,720,749.
Vanguard Marketing Corporation, Distributor.
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20 |
• | Vanguard Total Corporate Bond ETF returned 2.37% for the 12 months ended August 31, 2021. Its benchmark returned 2.53%. |
• | The global economy rebounded faster than many had expected after the sharp pandemic-induced contraction in the spring of 2020. Countries that have been more successful in containing the virus have generally fared better economically. Swift and extensive fiscal and monetary support from policymakers has also been key to the rebound. |
• | Bond returns were dampened by rising yields across much of the developed world, notably in the United States. The yield of the 30-year U.S. Treasury bond rose for the 12 months from 1.47% to 1.93% as inflation picked up. Corporates outperformed both Treasuries and mortgage-backed securities. |
• | By maturity, longer-term corporates outpaced their shorter-term counterparts. By credit quality, lower-quality bonds outperformed high-quality issues. And by sector, bonds in the industrial sector outperformed those in financials and utilities. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||
One Year | Three Years | Five Years | |
Stocks | |||
Russell 1000 Index (Large-caps) | 32.25% | 18.42% | 18.24% |
Russell 2000 Index (Small-caps) | 47.08 | 10.75 | 14.38 |
Russell 3000 Index (Broad U.S. market) | 33.04 | 17.85 | 17.97 |
FTSE All-World ex US Index (International) | 25.74 | 9.82 | 10.23 |
Bonds | |||
Bloomberg U.S. Aggregate Bond Index (Broad taxable market) | -0.08% | 5.43% | 3.11% |
Bloomberg Municipal Bond Index (Broad tax-exempt market) | 3.40 | 5.09 | 3.30 |
FTSE Three-Month U.S. Treasury Bill Index | 0.06 | 1.20 | 1.13 |
CPI | |||
Consumer Price Index | 5.25% | 2.76% | 2.58% |
• | 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 August 31, 2021 | |||
Total Corporate Bond ETF | Beginning Account Value 2/28/2021 | Ending Account Value 8/31/2021 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $1,030.10 | $0.20 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,025.00 | 0.20 |
Average Annual Total Returns Periods Ended August 31, 2021 | ||||
One Year | Since Inception (11/7/2017) | Final Value of a $10,000 Investment | ||
Total Corporate Bond ETF Net Asset Value | 2.37% | 5.43% | $12,232 | |
Total Corporate Bond ETF Market Price | 2.35 | 5.43 | 12,236 | |
Bloomberg U.S. Corporate Bond Index | 2.53 | 5.59 | 12,307 | |
Bloomberg U.S. Aggregate Float Adjusted Index | -0.07 | 4.06 | 11,638 |
Cumulative Returns of ETF Shares: November 7, 2017, Through August 31, 2021 | ||
One Year | Since Inception (11/7/2017) | |
Total Corporate Bond ETF Market Price | 2.35% | 22.36% |
Total Corporate Bond ETF Net Asset Value | 2.37 | 22.32 |
Bloomberg U.S. Corporate Bond Index | 2.53 | 23.07 |
Vanguard Long-Term Corporate Bond ETF | 38.9% |
Vanguard Short-Term Corporate Bond ETF | 32.7 |
Vanguard Intermediate-Term Corporate Bond ETF | 28.4 |
Shares | Market Value• ($000) | |||||
Investment Companies (100.0%) | ||||||
U.S. Bond Funds (100.0%) | ||||||
Vanguard Long-Term Corporate Bond ETF | 2,499,273 | 270,620 | ||||
Vanguard Short-Term Corporate Bond ETF | 2,744,829 | 226,998 | ||||
Vanguard Intermediate-Term Corporate Bond ETF | 2,065,475 | 197,418 | ||||
Total Investment Companies (Cost $692,159) | 695,036 | |||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund, 0.068% (Cost $24) | 239 | 24 | |||
Total Investments (100.0%) (Cost $692,183) | 695,060 | |||||
Other Assets and Liabilities—Net (0.0%) | 8 | |||||
Net Assets (100%) | 695,068 |
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 $692,183) | 695,060 |
Receivables for Investment Securities Sold | 1,052 |
Total Assets | 696,112 |
Liabilities | |
Payables for Investment Securities Purchased | 1,044 |
Total Liabilities | 1,044 |
Net Assets | 695,068 |
At August 31, 2021, net assets consisted of: | |
Paid-in Capital | 692,897 |
Total Distributable Earnings (Loss) | 2,171 |
Net Assets | 695,068 |
Net Assets | |
Applicable to 7,510,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 695,068 |
Net Asset Value Per Share | $92.55 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Income Distributions Received from Affiliated Funds | 17,944 |
Net Investment Income—Note B | 17,944 |
Realized Net Gain (Loss) | |
Capital Gain Distributions Received from Affiliated Funds | 430 |
Affiliated Funds Sold1 | 10,086 |
Realized Net Gain (Loss) | 10,516 |
Change in Unrealized Appreciation (Depreciation) from Affiliated Funds | (18,980) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 9,480 |
1 | Includes $10,961,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 17,944 | 11,005 |
Realized Net Gain (Loss) | 10,516 | 1,932 |
Change in Unrealized Appreciation (Depreciation) | (18,980) | 12,234 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 9,480 | 25,171 |
Distributions | ||
Total Distributions | (17,930) | (11,058) |
Capital Share Transactions | ||
Issued | 389,344 | 468,094 |
Issued in Lieu of Cash Distributions | — | — |
Redeemed | (304,510) | (66,422) |
Net Increase (Decrease) from Capital Share Transactions | 84,834 | 401,672 |
Total Increase (Decrease) | 76,384 | 415,785 |
Net Assets | ||
Beginning of Period | 618,684 | 202,899 |
End of Period | 695,068 | 618,684 |
For a Share Outstanding Throughout Each Period | November 7, 20171 to August 31, 2018 | Year Ended August 31, | ||
2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $92.62 | $89.19 | $81.59 | $85.00 |
Investment Operations | ||||
Net Investment Income2 | 2.229 | 2.638 | 2.825 | 2.081 |
Capital Gain Distributions Received2 | .053 | — | — | — |
Net Realized and Unrealized Gain (Loss) on Investments | (.131) | 3.614 | 7.717 | (3.445) |
Total from Investment Operations | 2.151 | 6.252 | 10.542 | (1.364) |
Distributions | ||||
Dividends from Net Investment Income | (2.221) | (2.822) | (2.942) | (2.046) |
Distributions from Realized Capital Gains | — | — | — | — |
Total Distributions | (2.221) | (2.822) | (2.942) | (2.046) |
Net Asset Value, End of Period | $92.55 | $92.62 | $89.19 | $81.59 |
Total Return | 2.37% | 7.18% | 13.29% | -1.60% |
Ratios/Supplemental Data | ||||
Net Assets, End of Period (Millions) | $695 | $619 | $203 | $55 |
Ratio of Total Expenses to Average Net Assets | — | — | — | —3 |
Acquired Fund Fees and Expenses | 0.04% | 0.05% | 0.05% | 0.07%3 |
Ratio of Net Investment Income to Average Net Assets | 2.43% | 2.94% | 3.38% | 3.10%3 |
Portfolio Turnover Rate4 | 10% | 40% | 12% | 4% |
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) | |
Paid-in Capital | 10,961 |
Total Distributable Earnings (Loss) | (10,961) |
Amount ($000) | |
Undistributed Ordinary Income | 151 |
Undistributed Long-Term Gains | — |
Capital Loss Carryforwards | (178) |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 2,198 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 17,930 | 11,058 |
Long-Term Capital Gains | — | — |
Total | 17,930 | 11,058 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 692,862 |
Gross Unrealized Appreciation | 6,285 |
Gross Unrealized Depreciation | (4,087) |
Net Unrealized Appreciation (Depreciation) | 2,198 |
Year Ended August 31, | |||
2021 | 2020 | ||
Shares (000) | Shares (000) | ||
Issued | 4,200 | 5,185 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (3,370) | (780) | |
Net Increase (Decrease) in Shares Outstanding | 830 | 4,405 |
Current Period Transactions | ||||||||
Aug. 31, 2020 Market Value ($000) | Purchases at Cost1 ($000) | Proceeds from Securities Sold2 ($000) | Realized Net Gain (Loss) ($000) | Change in Unrealized App. (Dep.) ($000) | Income ($000) | Capital Gain Distributions Received ($000) | Aug. 31, 2021 Market Value ($000) | |
Vanguard Intermediate-Term Corporate Bond ETF | 186,253 | 123,352 | 108,375 | 3,544 | (7,356) | 4,987 | 430 | 197,418 |
Vanguard Long-Term Corporate Bond ETF | 235,157 | 185,232 | 146,192 | 4,016 | (7,593) | 8,749 | — | 270,620 |
Vanguard Market Liquidity Fund | 14 | NA3 | NA3 | — | — | — | — | 24 |
Vanguard Short-Term Corporate Bond ETF | 197,267 | 156,518 | 125,282 | 2,526 | (4,031) | 4,208 | — | 226,998 |
Total | 618,691 | 465,102 | 379,849 | 10,086 | (18,980) | 17,944 | 430 | 695,060 |
1 | Includes $389,316,000 of portfolio securities received as a result of in-kind purchases of the fund’s capital shares. |
2 | Includes $304,462,000 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. |
Philadelphia, Pennsylvania
October 18, 2021
Matthew Benchener | Chris D. McIsaac |
Joseph Brennan | Thomas M. Rampulla |
Mortimer J. Buckley | Karin A. Risi |
Gregory Davis | Anne E. Robinson |
John James | Michael Rollings |
John T. Marcante | Lauren Valente |
Who Are Deaf or Hard of Hearing > 800-749-7273
All rights reserved.
Vanguard Marketing Corporation, Distributor.
1 | |
2 | |
4 | |
7 | |
18 | |
20 |
• | Vanguard Total World Bond ETF returned 0.40% for the 12 months ended August 31, 2021, roughly in line with the expense-free 0.55% return of its benchmark. |
• | The global economy rebounded faster than many had expected after the sharp pandemic-induced contraction in the spring of 2020. Countries that were more successful in containing the virus generally fared better economically. Swift and extensive fiscal and monetary support from policymakers was also key to the rebound. Bond returns were dampened by rising bond yields across much of the developed world, most notably in the United States. |
• | Bonds from the United States, which accounted for close to half of the ETF’s assets at the end of the period, posted a slightly negative return. European bonds fared relatively well thanks to results from Italy and Spain, among other countries. Japan, a heavyweight in the index, returned a little less than international bonds as a whole. |
• | Government bonds underperformed corporate bonds. By quality, bonds on the bottom rung of the investment-grade ladder outperformed; by maturity, intermediate-term bonds fared best. |
Average Annual Total Returns Periods Ended August 31, 2021 | |||
One Year | Three Years | Five Years | |
Stocks | |||
Russell 1000 Index (Large-caps) | 32.25% | 18.42% | 18.24% |
Russell 2000 Index (Small-caps) | 47.08 | 10.75 | 14.38 |
Russell 3000 Index (Broad U.S. market) | 33.04 | 17.85 | 17.97 |
FTSE All-World ex US Index (International) | 25.74 | 9.82 | 10.23 |
Bonds | |||
Bloomberg U.S. Aggregate Bond Index (Broad taxable market) | -0.08% | 5.43% | 3.11% |
Bloomberg Municipal Bond Index (Broad tax-exempt market) | 3.40 | 5.09 | 3.30 |
FTSE Three-Month U.S. Treasury Bill Index | 0.06 | 1.20 | 1.13 |
CPI | |||
Consumer Price Index | 5.25% | 2.76% | 2.58% |
• | 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 August 31, 2021 | |||
Total World Bond ETF | Beginning Account Value 2/28/2021 | Ending Account Value 8/31/2021 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $1,014.20 | $0.30 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.90 | 0.31 |
Average Annual Total Returns Periods Ended August 31, 2021 | ||||
One Year | Since Inception (9/4/2018) | Final Value of a $10,000 Investment | ||
Total World Bond ETF Net Asset Value | 0.40% | 4.96% | $11,557 | |
Total World Bond ETF Market Price | 0.39 | 4.97 | 11,560 | |
Bloomberg Global Aggregate Float Adjusted Composite Index | 0.55 | 5.09 | 11,599 |
Cumulative Returns of ETF Shares: September 4, 2018, Through August 31, 2021 | ||
One Year | Since Inception (9/4/2018) | |
Total World Bond ETF Market Price | 0.39% | 15.60% |
Total World Bond ETF Net Asset Value | 0.40 | 15.57 |
Bloomberg Global Aggregate Float Adjusted Composite Index | 0.55 | 15.99 |
Vanguard Total International Bond ETF | 52.4% |
Vanguard Total Bond Market ETF | 47.6 |
Shares | Market Value• ($000) | |||||
Investment Companies (100.0%) | ||||||
U.S. Bond Fund (47.6%) | ||||||
Vanguard Total Bond Market ETF | 3,201,818 | 276,830 | ||||
International Bond Fund (52.4%) | ||||||
Vanguard Total International Bond ETF | 5,286,180 | 304,590 | ||||
Total Investment Companies (Cost $579,311) | 581,420 | |||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund, 0.068% (Cost $20) | 205 | 20 | |||
Total Investments (100.0%) (Cost $579,331) | 581,440 | |||||
Other Assets and Liabilities—Net (0.0%) | 28 | |||||
Net Assets (100%) | 581,468 |
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 $579,331) | 581,440 |
Receivables for Investment Securities Sold | 1,325 |
Total Assets | 582,765 |
Liabilities | |
Payables for Investment Securities Purchased | 1,297 |
Total Liabilities | 1,297 |
Net Assets | 581,468 |
At August 31, 2021, net assets consisted of: | |
Paid-in Capital | 579,377 |
Total Distributable Earnings (Loss) | 2,091 |
Net Assets | 581,468 |
Net Assets | |
Applicable to 7,200,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 581,468 |
Net Asset Value Per Share | $80.76 |
Year Ended August 31, 2021 | |
($000) | |
Investment Income | |
Income | |
Income Distributions Received from Affiliated Funds | 7,151 |
Net Investment Income—Note B | 7,151 |
Realized Net Gain (Loss) | |
Capital Gain Distributions Received from Affiliated Funds | 940 |
Affiliated Funds Sold1 | (281) |
Realized Net Gain (Loss) | 659 |
Change in Unrealized Appreciation (Depreciation) from Affiliated Funds | (6,066) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,744 |
1 | Includes $586,000 of net gain (loss) resulting from in-kind redemptions. |
Year Ended August 31, | ||
2021 ($000) | 2020 ($000) | |
Increase (Decrease) in Net Assets | ||
Operations | ||
Net Investment Income | 7,151 | 7,958 |
Realized Net Gain (Loss) | 659 | 6,818 |
Change in Unrealized Appreciation (Depreciation) | (6,066) | (1,953) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,744 | 12,823 |
Distributions | ||
Total Distributions | (7,139) | (7,983) |
Capital Share Transactions | ||
Issued | 151,909 | 384,254 |
Issued in Lieu of Cash Distributions | — | — |
Redeemed | (12,797) | (101,259) |
Net Increase (Decrease) from Capital Share Transactions | 139,112 | 282,995 |
Total Increase (Decrease) | 133,717 | 287,835 |
Net Assets | ||
Beginning of Period | 447,751 | 159,916 |
End of Period | 581,468 | 447,751 |
For a Share Outstanding Throughout Each Period | September 4, 20181 to August 31, 2019 | Year Ended August 31, | |
2021 | 2020 | ||
Net Asset Value, Beginning of Period | $81.56 | $80.97 | $75.00 |
Investment Operations | |||
Net Investment Income2 | 1.108 | 2.125 | 2.004 |
Capital Gain Distributions Received2 | .146 | — | — |
Net Realized and Unrealized Gain (Loss) on Investments | (.929) | .782 | 6.071 |
Total from Investment Operations | .325 | 2.907 | 8.075 |
Distributions | |||
Dividends from Net Investment Income | (1.125) | (2.317) | (2.105) |
Distributions from Realized Capital Gains | — | — | — |
Total Distributions | (1.125) | (2.317) | (2.105) |
Net Asset Value, End of Period | $80.76 | $81.56 | $80.97 |
Total Return | 0.40% | 3.69% | 11.00% |
Ratios/Supplemental Data | |||
Net Assets, End of Period (Millions) | $581 | $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 | 1.37% | 2.64% | 2.62%3 |
Portfolio Turnover Rate4 | 10% | 19% | 8% |
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) | |
Paid-in Capital | 594 |
Total Distributable Earnings (Loss) | (594) |
Amount ($000) | |
Undistributed Ordinary Income | 121 |
Undistributed Long-Term Gains | 548 |
Capital Loss Carryforwards | — |
Qualified Late-Year Losses | — |
Net Unrealized Gains (Losses) | 1,422 |
Year Ended August 31, | ||
2021 Amount ($000) | 2020 Amount ($000) | |
Ordinary Income* | 7,139 | 7,983 |
Long-Term Capital Gains | — | — |
Total | 7,139 | 7,983 |
* | Includes short-term capital gains, if any. |
Amount ($000) | |
Tax Cost | 580,018 |
Gross Unrealized Appreciation | 5,311 |
Gross Unrealized Depreciation | (3,889) |
Net Unrealized Appreciation (Depreciation) | 1,422 |
Year Ended August 31, | |||
2021 | 2020 | ||
Shares (000) | Shares (000) | ||
Issued | 1,870 | 4,775 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (160) | (1,260) | |
Net Increase (Decrease) in Shares Outstanding | 1,710 | 3,515 |
Current Period Transactions | ||||||||
Aug. 31, 2020 Market Value ($000) | Purchases at Cost1 ($000) | Proceeds from Securities Sold2 ($000) | Realized Net Gain (Loss) ($000) | Change in Unrealized App. (Dep.) ($000) | Income ($000) | Capital Gain Distributions Received ($000) | Aug. 31, 2021 Market Value ($000) | |
Vanguard Market Liquidity Fund | 14 | NA3 | NA3 | — | — | — | — | 20 |
Vanguard Total Bond Market ETF | 210,563 | 100,877 | 29,396 | (165) | (5,049) | 4,676 | 537 | 276,830 |
Vanguard Total International Bond ETF | 237,170 | 105,088 | 36,535 | (116) | (1,017) | 2,475 | 403 | 304,590 |
Total | 447,747 | 205,965 | 65,931 | (281) | (6,066) | 7,151 | 940 | 581,440 |
1 | Includes $151,895,000 of portfolio securities received as a result of in-kind purchases of the fund’s capital shares. |
2 | Includes $12,794,000 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. |
Philadelphia, Pennsylvania
October 20, 2021
Matthew Benchener | Chris D. McIsaac |
Joseph Brennan | Thomas M. Rampulla |
Mortimer J. Buckley | Karin A. Risi |
Gregory Davis | Anne E. Robinson |
John James | Michael Rollings |
John T. Marcante | Lauren Valente |
Who Are Deaf or Hard of Hearing > 800-749-7273
All rights reserved.
Vanguard Marketing Corporation, Distributor.
Item 2: Code of Ethics.
The Registrant has adopted a code of ethics that applies to the Registrant’s principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions. The Code of Ethics was amended during the reporting period covered by this report to make certain technical, non-material changes.
Item 3: Audit Committee Financial Expert.
All members of the Audit Committee have been determined by the Registrant’s Board of Trustees to be Audit Committee Financial Experts and to be independent: F. Joseph Loughrey, Mark Loughridge, Sarah Bloom Raskin, and Peter F. Volanakis.
Item 4: Principal Accountant Fees and Services.
(a) Audit Fees.
Audit Fees of the Registrant.
Fiscal Year Ended August 31, 2021: $566,000
Fiscal Year Ended August 31, 2020: $580,000
Aggregate Audit Fees of Registered Investment Companies in the Vanguard Group.
Fiscal Year Ended August 31, 2021: $11,244,694
Fiscal Year Ended August 31, 2020: $10,761,407
Includes fees billed in connection with audits of the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(b) Audit-Related Fees.
Fiscal Year Ended August 31, 2021: $2,955,181
Fiscal Year Ended August 31, 2020: $2,915,863
Includes fees billed in connection with assurance and related services provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(c) Tax Fees.
Fiscal Year Ended August 31, 2021: $2,047,574
Fiscal Year Ended August 31, 2020: $247,168
Includes fees billed in connection with tax compliance, planning, and advice services provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(d) All Other Fees.
Fiscal Year Ended August 31, 2021: $280,000
Fiscal Year Ended August 31, 2020: $115,000
Includes fees billed for services related to tax reported information provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(e) (1) Pre-Approval Policies. The policy of the Registrant’s Audit Committee is to consider, and, if appropriate, approve before the principal accountant is engaged for such services, all specific audit and non-audit services provided to: the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and entities controlled by The Vanguard Group, Inc. that provide ongoing services to the Registrant. In making a determination, the Audit Committee considers whether the services are consistent with maintaining the principal accountant’s independence.
In the event of a contingency situation in which the principal accountant is needed to provide services in between scheduled Audit Committee meetings, the Chairman of the Audit Committee would be called on to consider and, if appropriate, pre-approve audit or permitted non-audit services in an amount sufficient to complete services through the next Audit Committee meeting, and to determine if such services would be consistent with maintaining the accountant’s independence. At the next scheduled Audit Committee meeting, services and fees would be presented to the Audit Committee for formal consideration, and, if appropriate, approval by the entire Audit Committee. The Audit Committee would again consider whether such services and fees are consistent with maintaining the principal accountant’s independence.
The Registrant’s Audit Committee is informed at least annually of all audit and non-audit services provided by the principal accountant to the Vanguard complex, whether such services are provided to: the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., or other entities controlled by The Vanguard Group, Inc. that provide ongoing services to the Registrant.
(2) No percentage of the principal accountant’s fees or services were approved pursuant to the waiver provision of paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.
(f) For the most recent fiscal year, over 50% of the hours worked under the principal accountant’s engagement were not performed by persons other than full-time, permanent employees of the principal accountant.
(g) Aggregate Non-Audit Fees.
Fiscal Year Ended August 31, 2021: $2,327,574
Fiscal Year Ended August 31, 2020: $362,168
Includes fees billed for non-audit services provided to the Registrant, other registered investment companies in the Vanguard complex, The Vanguard Group, Inc., and Vanguard Marketing Corporation.
(h) For the most recent fiscal year, the Audit Committee has determined that the provision of all non-audit services was consistent with maintaining the principal accountant’s independence.
Item 5: Audit Committee of Listed Registrants.
The Registrant is a listed issuer as defined in rule 10A-3 under the Securities Exchange Act of 1934 (“Exchange Act”). The Registrant has a separately-designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Exchange Act. The Registrant’s audit committee members are: F. Joseph Loughrey, Mark Loughridge, Sarah Bloom Raskin, and Peter F. Volanakis.
Item 6: Investments.
Not applicable. The complete schedule of investments is included as part of the report to shareholders filed under Item 1 of this Form.
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. There were no significant changes in the 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)(1) | Code of Ethics filed herewith. | |
(a)(2) | Certifications filed herewith. | |
(b) | Certifications field herewith. |
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: October 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: October 20, 2021
VANGUARD SCOTTSDALE FUNDS | |||
BY: | /s/ CHRISTINE BUCHANAN* | ||
CHRISTINE BUCHANAN | |||
CHIEF FINANCIAL OFFICER |
Date: October 20, 2021
* By: | /s/ Anne E. Robinson | ||
Anne E. Robinson, pursuant to a Power of Attorney filed on October 12, 2021 (see File Number 33-23444), and a Power of Attorney filed on August 26, 2021 (see file Number 811-02652), Incorporated by Reference.