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, 2021—February 28, 2022
Item 1: Reports to Shareholders
About Your Fund’s Expenses | 1 |
Financial Statements | 4 |
Trustees Approve Advisory Arrangements | 15 |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2022 | |||
Explorer Value Fund | Beginning Account Value 8/31/2021 | Ending Account Value 2/28/2022 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $1,009.20 | $2.89 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,021.92 | 2.91 |
Communication Services | 6.8% |
Consumer Discretionary | 9.3 |
Consumer Staples | 1.6 |
Energy | 5.5 |
Financials | 21.0 |
Health Care | 5.1 |
Industrials | 18.7 |
Information Technology | 11.4 |
Materials | 8.8 |
Real Estate | 10.2 |
Utilities | 1.6 |
Shares | Market Value• ($000) | ||
Common Stocks (94.5%) | |||
Communication Services (6.5%) | |||
Nexstar Media Group Inc. Class A | 139,025 | 25,727 | |
* | Ziff Davis Inc. | 202,166 | 20,338 |
John Wiley & Sons Inc. Class A | 216,658 | 10,900 | |
* | Madison Square Garden Entertainment Corp. | 69,779 | 5,468 |
Paramount Global Class B | 124,482 | 3,810 | |
Interpublic Group of Cos. Inc. | 100,409 | 3,695 | |
Manchester United plc Class A | 159,257 | 2,142 | |
* | Madison Square Garden Sports Corp. | 11,530 | 1,995 |
TEGNA Inc. | 56,283 | 1,290 | |
75,365 | |||
Consumer Discretionary (8.7%) | |||
Lithia Motors Inc. Class A | 54,737 | 18,655 | |
* | Victoria's Secret & Co. | 258,020 | 13,838 |
Kontoor Brands Inc. | 143,606 | 7,114 | |
* | Helen of Troy Ltd. | 32,318 | 6,647 |
* | Cheesecake Factory Inc. | 135,436 | 5,795 |
* | Modine Manufacturing Co. | 560,105 | 5,657 |
* | Adtalem Global Education Inc. | 267,462 | 5,558 |
* | Mattel Inc. | 193,348 | 4,830 |
LCI Industries | 34,977 | 4,355 | |
* | Lands' End Inc. | 232,724 | 3,947 |
* | Perdoceo Education Corp. | 350,275 | 3,667 |
*,1 | Bed Bath & Beyond Inc. | 192,397 | 3,250 |
Boyd Gaming Corp. | 44,950 | 3,189 | |
* | Stoneridge Inc. | 178,786 | 2,952 |
* | Mohawk Industries Inc. | 20,375 | 2,868 |
* | OneSpaWorld Holdings Ltd. | 266,878 | 2,760 |
* | LGI Homes Inc. | 21,813 | 2,751 |
Gentex Corp. | 81,839 | 2,477 | |
* | Royal Caribbean Cruises Ltd. | 21,984 | 1,775 |
102,085 | |||
Consumer Staples (1.5%) | |||
Spectrum Brands Holdings Inc. | 174,011 | 16,145 | |
J M Smucker Co. | 13,080 | 1,762 | |
17,907 |
Shares | Market Value• ($000) | ||
Energy (5.2%) | |||
PDC Energy Inc. | 223,918 | 14,447 | |
Magnolia Oil & Gas Corp. Class A | 500,974 | 11,197 | |
Viper Energy Partners LP | 350,426 | 10,306 | |
DTE Midstream LLC | 157,402 | 8,358 | |
Coterra Energy Inc. | 253,701 | 5,919 | |
Rattler Midstream LP | 343,168 | 4,739 | |
International Seaways Inc. | 181,377 | 3,318 | |
Core Laboratories NV | 88,436 | 2,437 | |
60,721 | |||
Financials (19.8%) | |||
PacWest Bancorp | 593,323 | 29,322 | |
Starwood Property Trust Inc. | 637,770 | 15,204 | |
Popular Inc. | 140,174 | 12,875 | |
Columbia Banking System Inc. | 320,739 | 11,749 | |
Wintrust Financial Corp. | 116,009 | 11,527 | |
Pinnacle Financial Partners Inc. | 113,122 | 11,434 | |
* | Bancorp Inc. | 371,331 | 10,880 |
Washington Federal Inc. | 293,632 | 10,447 | |
Webster Financial Corp. | 167,540 | 10,088 | |
First Merchants Corp. | 209,416 | 9,160 | |
BankUnited Inc. | 206,774 | 9,139 | |
First BanCorp. (XNYS) | 638,252 | 9,012 | |
BGC Partners Inc. Class A | 1,885,420 | 8,635 | |
Flushing Financial Corp. | 354,094 | 8,318 | |
Argo Group International Holdings Ltd. | 195,539 | 8,246 | |
Pacific Premier Bancorp Inc. | 205,908 | 7,971 | |
WSFS Financial Corp. | 118,420 | 6,019 | |
* | NMI Holdings Inc. Class A | 255,858 | 5,920 |
Renasant Corp. | 161,089 | 5,881 | |
Evercore Inc. Class A | 40,327 | 5,122 | |
KKR & Co. Inc. | 63,544 | 3,820 | |
Northern Trust Corp. | 32,262 | 3,675 | |
PJT Partners Inc. Class A | 54,295 | 3,465 | |
BOK Financial Corp. | 27,854 | 2,861 | |
First American Financial Corp. | 40,734 | 2,731 | |
Affiliated Managers Group Inc. | 16,053 | 2,221 | |
Lazard Ltd. Class A | 63,909 | 2,210 | |
* | Green Dot Corp. Class A | 74,750 | 2,142 |
Shares | Market Value• ($000) | ||
Janus Henderson Group plc | 34,011 | 1,142 | |
231,216 | |||
Health Care (4.9%) | |||
* | Syneos Health Inc. | 177,687 | 14,073 |
* | Envista Holdings Corp. | 198,805 | 9,543 |
* | Pacira BioSciences Inc. | 98,191 | 6,548 |
* | NuVasive Inc. | 94,507 | 5,115 |
* | Varex Imaging Corp. | 193,404 | 4,572 |
* | Acadia Healthcare Co. Inc. | 66,790 | 3,788 |
* | Merit Medical Systems Inc. | 58,145 | 3,781 |
* | Laboratory Corp. of America Holdings | 12,451 | 3,377 |
* | Covetrus Inc. | 150,881 | 2,673 |
* | Bio-Rad Laboratories Inc. Class A | 2,644 | 1,655 |
* | Charles River Laboratories International Inc. | 5,258 | 1,531 |
56,656 | |||
Industrials (17.7%) | |||
* | Colfax Corp. | 449,390 | 18,070 |
* | KAR Auction Services Inc. | 867,400 | 16,012 |
BWX Technologies Inc. | 205,326 | 10,968 | |
* | XPO Logistics Inc. | 147,358 | 10,710 |
* | GXO Logistics Inc. | 126,710 | 10,635 |
* | Beacon Roofing Supply Inc. | 167,383 | 9,991 |
KBR Inc. | 187,792 | 9,322 | |
* | WESCO International Inc. | 67,449 | 8,211 |
MDU Resources Group Inc. | 301,669 | 8,076 | |
Applied Industrial Technologies Inc. | 79,397 | 8,027 | |
* | Univar Solutions Inc. | 258,705 | 7,945 |
Interface Inc. Class A | 531,532 | 6,936 | |
* | Stericycle Inc. | 106,269 | 6,202 |
Kaman Corp. | 141,342 | 6,136 | |
* | Builders FirstSource Inc. | 81,621 | 6,074 |
EnerSys | 80,237 | 5,836 | |
HNI Corp. | 136,993 | 5,574 | |
* | Triumph Group Inc. | 199,805 | 5,003 |
* | MRC Global Inc. | 430,345 | 4,346 |
Kennametal Inc. | 108,516 | 3,441 | |
Greenbrier Cos. Inc. | 76,942 | 3,418 | |
Nielsen Holdings plc | 190,884 | 3,325 | |
* | Resideo Technologies Inc. | 125,514 | 3,231 |
Altra Industrial Motion Corp. | 73,795 | 3,134 | |
* | Array Technologies Inc. | 265,421 | 2,983 |
Quanta Services Inc. | 27,165 | 2,959 | |
Masco Corp. | 48,358 | 2,710 | |
ADT Inc. | 366,043 | 2,676 | |
nVent Electric plc | 76,683 | 2,602 | |
AZZ Inc. | 52,120 | 2,566 | |
Brink's Co. | 31,242 | 2,189 | |
Snap-on Inc. | 9,685 | 2,036 | |
Steelcase Inc. Class A | 162,371 | 1,976 | |
* | CIRCOR International Inc. | 70,624 | 1,903 |
Simpson Manufacturing Co. Inc. | 8,081 | 958 | |
206,181 | |||
Information Technology (10.8%) | |||
Silicon Motion Technology Corp. ADR | 232,185 | 16,843 | |
* | ACI Worldwide Inc. | 457,703 | 15,342 |
* | Verint Systems Inc. | 253,247 | 12,720 |
Concentrix Corp. | 55,696 | 11,133 | |
* | Insight Enterprises Inc. | 96,754 | 10,062 |
Shares | Market Value• ($000) | ||
* | Euronet Worldwide Inc. | 71,051 | 9,111 |
Jabil Inc. | 154,916 | 8,956 | |
Belden Inc. | 139,291 | 7,849 | |
* | Teledyne Technologies Inc. | 17,793 | 7,640 |
TD SYNNEX Corp. | 67,612 | 6,885 | |
* | Fabrinet | 68,552 | 6,864 |
* | Cognyte Software Ltd. | 388,724 | 4,338 |
* | Zebra Technologies Corp. Class A | 5,032 | 2,080 |
* | MACOM Technology Solutions Holdings Inc. Class H | 34,520 | 2,075 |
MKS Instruments Inc. | 12,081 | 1,819 | |
* | Keysight Technologies Inc. | 10,661 | 1,678 |
125,395 | |||
Materials (8.3%) | |||
Silgan Holdings Inc. | 576,277 | 24,134 | |
FMC Corp. | 187,697 | 22,007 | |
* | Axalta Coating Systems Ltd. | 571,028 | 15,441 |
Ashland Global Holdings Inc. | 136,413 | 12,588 | |
Eagle Materials Inc. | 65,434 | 8,953 | |
Carpenter Technology Corp. | 131,950 | 5,066 | |
Graphic Packaging Holding Co. | 220,680 | 4,542 | |
Pactiv Evergreen Inc. | 375,526 | 3,613 | |
96,344 | |||
Real Estate (9.6%) | |||
Gaming and Leisure Properties Inc. | 377,508 | 17,143 | |
Medical Properties Trust Inc. | 827,386 | 16,829 | |
Newmark Group Inc. Class A | 620,491 | 10,970 | |
SITE Centers Corp. | 588,455 | 9,150 | |
* | Howard Hughes Corp. | 94,741 | 9,055 |
STAG Industrial Inc. | 224,279 | 8,738 | |
Spirit Realty Capital Inc. | 187,100 | 8,676 | |
Corporate Office Properties Trust | 306,852 | 8,043 | |
Agree Realty Corp. | 118,616 | 7,609 | |
RPT Realty | 375,654 | 4,865 | |
* | Sunstone Hotel Investors Inc. | 459,418 | 4,861 |
* | Jones Lang LaSalle Inc. | 12,669 | 3,119 |
* | CBRE Group Inc. Class A | 27,619 | 2,675 |
111,733 | |||
Utilities (1.5%) | |||
Portland General Electric Co. | 169,670 | 8,614 | |
ALLETE Inc. | 89,362 | 5,625 | |
Unitil Corp. | 65,818 | 3,323 | |
17,562 | |||
Total Common Stocks (Cost $854,852) | 1,101,165 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (5.5%) | |||
Money Market Fund (5.5%) | |||
2,3 | Vanguard Market Liquidity Fund, 0.138% (Cost $63,930) | 639,427 | 63,936 |
Total Investments (100.0%) (Cost $918,782) | 1,165,101 | ||
Other Assets and Liabilities—Net (0.0%) | 39 | ||
Net Assets (100%) | 1,165,140 | ||
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 $1,520,000. |
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 $1,530,000 was received for securities on loan. |
ADR—American Depositary Receipt. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini Russell 2000 Index | March 2022 | 298 | 30,463 | (2,289) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $854,852) | 1,101,165 |
Affiliated Issuers (Cost $63,930) | 63,936 |
Total Investments in Securities | 1,165,101 |
Investment in Vanguard | 39 |
Cash | 90 |
Cash Collateral Pledged—Futures Contracts | 1,643 |
Receivables for Investment Securities Sold | 35 |
Receivables for Accrued Income | 676 |
Receivables for Capital Shares Issued | 994 |
Variation Margin Receivable—Futures Contracts | 82 |
Total Assets | 1,168,660 |
Liabilities | |
Payables for Investment Securities Purchased | 120 |
Collateral for Securities on Loan | 1,530 |
Payables to Investment Advisor | 1,085 |
Payables for Capital Shares Redeemed | 694 |
Payables to Vanguard | 91 |
Total Liabilities | 3,520 |
Net Assets | 1,165,140 |
At February 28, 2022, net assets consisted of: | |
Paid-in Capital | 904,616 |
Total Distributable Earnings (Loss) | 260,524 |
Net Assets | 1,165,140 |
Net Assets | |
Applicable to 26,010,487 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,165,140 |
Net Asset Value Per Share | $44.80 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 7,553 |
Interest2 | 32 |
Securities Lending—Net | — |
Total Income | 7,585 |
Expenses | |
Investment Advisory Fees—Note B | |
Basic Fee | 1,697 |
Performance Adjustment | 381 |
The Vanguard Group—Note C | |
Management and Administrative | 1,154 |
Marketing and Distribution | 76 |
Custodian Fees | 16 |
Shareholders’ Reports | 25 |
Trustees’ Fees and Expenses | — |
Other Expenses | 8 |
Total Expenses | 3,357 |
Net Investment Income | 4,228 |
Realized Net Gain (Loss) | |
Investment Securities Sold2 | 27,331 |
Futures Contracts | (3,181) |
Realized Net Gain (Loss) | 24,150 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (16,628) |
Futures Contracts | (2,515) |
Change in Unrealized Appreciation (Depreciation) | (19,143) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 9,235 |
1 | Dividends are net of foreign withholding taxes of $27,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $31,000, ($6,000), $2,000, and ($2,000), respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 4,228 | 7,595 | |
Realized Net Gain (Loss) | 24,150 | 65,789 | |
Change in Unrealized Appreciation (Depreciation) | (19,143) | 230,573 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 9,235 | 303,957 | |
Distributions | |||
Total Distributions | (47,187) | (5,943) | |
Capital Share Transactions | |||
Issued | 116,381 | 672,371 | |
Issued in Lieu of Cash Distributions | 44,561 | 5,616 | |
Redeemed | (122,323) | (374,152) | |
Net Increase (Decrease) from Capital Share Transactions | 38,619 | 303,835 | |
Total Increase (Decrease) | 667 | 601,849 | |
Net Assets | |||
Beginning of Period | 1,164,473 | 562,624 | |
End of Period | 1,165,140 | 1,164,473 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $46.26 | $30.32 | $33.49 | $40.53 | $34.45 | $31.55 |
Investment Operations | ||||||
Net Investment Income1 | .165 | .351 | .400 | .494 | .355 | .329 |
Net Realized and Unrealized Gain (Loss) on Investments | .256 | 15.911 | (3.032) | (4.921) | 7.112 | 3.331 |
Total from Investment Operations | .421 | 16.262 | (2.632) | (4.427) | 7.467 | 3.660 |
Distributions | ||||||
Dividends from Net Investment Income | (.352) | (.322) | (.538) | (.366) | (.288) | (.308) |
Distributions from Realized Capital Gains | (1.529) | — | — | (2.247) | (1.099) | (.452) |
Total Distributions | (1.881) | (.322) | (.538) | (2.613) | (1.387) | (.760) |
Net Asset Value, End of Period | $44.80 | $46.26 | $30.32 | $33.49 | $40.53 | $34.45 |
Total Return2 | 0.92% | 53.90% | -8.12% | -10.10% | 22.10% | 11.64% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,165 | $1,164 | $563 | $655 | $768 | $607 |
Ratio of Total Expenses to Average Net Assets3 | 0.58% | 0.52% | 0.64% | 0.55% | 0.56% | 0.55% |
Ratio of Net Investment Income to Average Net Assets | 0.80% | 0.85% | 1.28% | 1.45% | 0.95% | 0.98% |
Portfolio Turnover Rate | 21% | 41% | 42% | 27% | 31% | 33% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Includes performance-based investment advisory fee increases (decreases) of 0.07%, 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., Frontier Capital Management Co., LLC, and, beginning January 2022, Ariel Investments, 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 Frontier Capital Management Co., LLC, is subject to quarterly adjustments based on performance relative to the Russell 2000 Value Index for the preceding three years. The basic fee of Cardinal Capital Management, L.L.C., is subject to quarterly adjustments based on performance relative to the Russell 3000 Value Custom Index for the preceding three years. In accordance with the advisory contract entered into with Ariel Investments, LLC, beginning March 1, 2023, the investment advisory fee will be subject to quarterly adjustments based on performance relative to the Russell 2500 Value Index since February 28, 2022. |
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. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 922,728 |
Gross Unrealized Appreciation | 276,785 |
Gross Unrealized Depreciation | (36,701) |
Net Unrealized Appreciation (Depreciation) | 240,084 |
F. | During the six months ended February 28, 2022, the fund purchased $222,789,000 of investment securities and sold $223,083,000 of investment securities, other than temporary cash investments. |
G. | Capital shares issued and redeemed were: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
Shares (000) | Shares (000) | ||
Issued | 2,521 | 15,359 | |
Issued in Lieu of Cash Distributions | 998 | 152 | |
Redeemed | (2,680) | (8,893) | |
Net Increase (Decrease) in Shares Outstanding | 839 | 6,618 |
H. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
All rights reserved.
Vanguard Marketing Corporation, Distributor.
Vanguard Russell 1000 Index Fund |
Vanguard Russell 1000 Value Index Fund |
Vanguard Russell 1000 Growth Index Fund |
About Your Fund’s Expenses | 1 |
Russell 1000 Index Fund | 3 |
Russell 1000 Value Index Fund | 25 |
Russell 1000 Growth Index Fund | 46 |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2022 | |||
Beginning Account Value 8/31/2021 | Ending Account Value 2/28/2022 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Russell 1000 Index Fund | |||
ETF Shares | $1,000.00 | $961.00 | $0.39 |
Institutional Shares | 1,000.00 | 961.00 | 0.34 |
Russell 1000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,003.60 | $0.40 |
Institutional Shares | 1,000.00 | 1,003.70 | 0.35 |
Russell 1000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $922.40 | $0.38 |
Institutional Shares | 1,000.00 | 922.40 | 0.33 |
Based on Hypothetical 5% Yearly Return | |||
Russell 1000 Index Fund | |||
ETF Shares | $1,000.00 | $1,024.40 | $0.40 |
Institutional Shares | 1,000.00 | 1,024.45 | 0.35 |
Russell 1000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,024.40 | $0.40 |
Institutional Shares | 1,000.00 | 1,024.45 | 0.35 |
Russell 1000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,024.40 | $0.40 |
Institutional Shares | 1,000.00 | 1,024.45 | 0.35 |
Basic Materials | 1.6% |
Consumer Discretionary | 15.4 |
Consumer Staples | 5.3 |
Energy | 3.6 |
Financials | 11.4 |
Health Care | 12.5 |
Industrials | 12.7 |
Real Estate | 3.3 |
Technology | 28.7 |
Telecommunications | 2.8 |
Utilities | 2.7 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Basic Materials (1.6%) | |||
Freeport-McMoRan Inc. | 189,477 | 8,896 | |
Newmont Corp. | 103,834 | 6,874 | |
Air Products and Chemicals Inc. | 28,511 | 6,737 | |
Dow Inc. | 96,737 | 5,704 | |
Ecolab Inc. | 32,191 | 5,674 | |
Nucor Corp. | 36,974 | 4,866 | |
International Flavors & Fragrances Inc. | 32,974 | 4,386 | |
Fastenal Co. | 74,384 | 3,828 | |
LyondellBasell Industries NV Class A | 33,909 | 3,297 | |
Albemarle Corp. | 15,013 | 2,941 | |
Mosaic Co. | 48,015 | 2,517 | |
CF Industries Holdings Inc. | 27,667 | 2,246 | |
International Paper Co. | 49,794 | 2,168 | |
Eastman Chemical Co. | 17,306 | 2,050 | |
Celanese Corp. Class A | 14,131 | 1,968 | |
FMC Corp. | 16,393 | 1,922 | |
Avery Dennison Corp. | 10,715 | 1,888 | |
Alcoa Corp. | 24,110 | 1,816 | |
Steel Dynamics Inc. | 24,311 | 1,716 | |
Reliance Steel & Aluminum Co. | 8,123 | 1,550 | |
* | Cleveland-Cliffs Inc. | 58,464 | 1,307 |
Huntsman Corp. | 26,822 | 1,085 | |
Royal Gold Inc. | 8,477 | 1,028 | |
Olin Corp. | 18,736 | 965 | |
US Steel Corp. | 34,476 | 938 | |
Valvoline Inc. | 23,528 | 761 | |
Southern Copper Corp. | 10,918 | 758 | |
Scotts Miracle-Gro Co. | 5,308 | 743 | |
Element Solutions Inc. | 30,146 | 741 | |
Ashland Global Holdings Inc. | 7,203 | 665 | |
* | Univar Solutions Inc. | 21,365 | 656 |
Hexcel Corp. | 10,807 | 626 | |
Chemours Co. | 20,653 | 570 | |
Timken Co. | 8,390 | 550 | |
Westlake Corp. | 4,258 | 470 | |
NewMarket Corp. | 862 | 274 | |
* | Sylvamo Corp. | 4,587 | 160 |
85,341 | |||
Consumer Discretionary (15.3%) | |||
* | Amazon.com Inc. | 56,134 | 172,402 |
* | Tesla Inc. | 104,576 | 91,026 |
Home Depot Inc. | 137,589 | 43,455 |
Shares | Market Value• ($000) | ||
* | Walt Disney Co. | 234,698 | 34,843 |
Costco Wholesale Corp. | 57,154 | 29,677 | |
Walmart Inc. | 185,587 | 25,084 | |
McDonald's Corp. | 96,631 | 23,652 | |
* | Netflix Inc. | 55,806 | 22,017 |
NIKE Inc. Class B | 160,238 | 21,881 | |
Lowe's Cos. Inc. | 89,625 | 19,813 | |
Starbucks Corp. | 152,206 | 13,971 | |
Target Corp. | 62,997 | 12,585 | |
* | Booking Holdings Inc. | 5,287 | 11,485 |
TJX Cos. Inc. | 155,620 | 10,286 | |
Ford Motor Co. | 506,702 | 8,898 | |
Estee Lauder Cos. Inc. Class A | 29,641 | 8,784 | |
* | General Motors Co. | 178,050 | 8,319 |
Activision Blizzard Inc. | 99,986 | 8,149 | |
* | Uber Technologies Inc. | 208,893 | 7,526 |
Dollar General Corp. | 30,218 | 5,993 | |
* | Marriott International Inc. Class A | 35,191 | 5,987 |
* | O'Reilly Automotive Inc. | 8,625 | 5,600 |
* | Chipotle Mexican Grill Inc. Class A | 3,631 | 5,531 |
* | Hilton Worldwide Holdings Inc. | 35,444 | 5,276 |
* | AutoZone Inc. | 2,710 | 5,050 |
* | Trade Desk Inc. Class A | 56,165 | 4,792 |
Electronic Arts Inc. | 36,701 | 4,774 | |
* | Lululemon Athletica Inc. | 14,748 | 4,718 |
Yum! Brands Inc. | 38,019 | 4,660 | |
* | Aptiv plc | 34,898 | 4,517 |
eBay Inc. | 81,003 | 4,422 | |
Ross Stores Inc. | 45,274 | 4,138 | |
* | Dollar Tree Inc. | 28,803 | 4,092 |
* | Expedia Group Inc. | 18,740 | 3,675 |
DR Horton Inc. | 42,530 | 3,632 | |
* | Southwest Airlines Co. | 76,277 | 3,341 |
* | Copart Inc. | 27,042 | 3,323 |
* | Delta Air Lines Inc. | 82,513 | 3,294 |
Lennar Corp. Class A | 35,781 | 3,216 | |
Best Buy Co. Inc. | 31,739 | 3,067 | |
Tractor Supply Co. | 14,678 | 2,991 | |
Yum China Holdings Inc. | 55,388 | 2,881 | |
* | Spotify Technology SA | 17,668 | 2,760 |
* | Ulta Beauty Inc. | 6,789 | 2,542 |
* | Etsy Inc. | 16,306 | 2,526 |
Darden Restaurants Inc. | 16,886 | 2,452 | |
VF Corp. | 41,807 | 2,426 |
Shares | Market Value• ($000) | ||
* | Take-Two Interactive Software Inc. | 14,810 | 2,399 |
Paramount Global Class B | 76,301 | 2,336 | |
* | CarMax Inc. | 21,201 | 2,318 |
* | Royal Caribbean Cruises Ltd. | 28,459 | 2,297 |
Omnicom Group Inc. | 27,241 | 2,285 | |
Pool Corp. | 4,965 | 2,277 | |
* | Carnival Corp. | 110,643 | 2,249 |
MGM Resorts International | 50,612 | 2,242 | |
* | Caesars Entertainment Inc. | 26,479 | 2,229 |
Genuine Parts Co. | 18,100 | 2,211 | |
Garmin Ltd. | 19,657 | 2,171 | |
* | Live Nation Entertainment Inc. | 17,721 | 2,141 |
Domino's Pizza Inc. | 4,701 | 2,032 | |
* | NVR Inc. | 407 | 2,018 |
* | Burlington Stores Inc. | 8,606 | 1,944 |
Interpublic Group of Cos. Inc. | 50,943 | 1,875 | |
* | United Airlines Holdings Inc. | 41,904 | 1,861 |
* | Las Vegas Sands Corp. | 42,695 | 1,830 |
Fox Corp. Class A | 41,795 | 1,748 | |
Bath & Body Works Inc. | 31,544 | 1,684 | |
Advance Auto Parts Inc. | 8,176 | 1,672 | |
LKQ Corp. | 35,265 | 1,656 | |
PulteGroup Inc. | 32,623 | 1,620 | |
Hasbro Inc. | 16,527 | 1,604 | |
Whirlpool Corp. | 7,723 | 1,554 | |
* | Carvana Co. Class A | 10,114 | 1,522 |
* | Liberty Media Corp.-Liberty Formula One Class C | 24,935 | 1,514 |
Tapestry Inc. | 35,991 | 1,472 | |
* | Lyft Inc. Class A | 37,437 | 1,458 |
* | American Airlines Group Inc. | 82,141 | 1,417 |
Williams-Sonoma Inc. | 9,609 | 1,392 | |
* | Wayfair Inc. Class A | 9,789 | 1,379 |
Vail Resorts Inc. | 5,148 | 1,341 | |
* | Capri Holdings Ltd. | 19,264 | 1,305 |
Lithia Motors Inc. Class A | 3,823 | 1,303 | |
BorgWarner Inc. (XNYS) | 30,838 | 1,265 | |
* | Floor & Decor Holdings Inc. Class A | 13,118 | 1,254 |
Service Corp. International | 20,545 | 1,250 | |
* | Rivian Automotive Inc. Class A | 18,430 | 1,245 |
Lear Corp. | 7,825 | 1,231 | |
* | Zynga Inc. Class A | 133,635 | 1,213 |
* | Wynn Resorts Ltd. | 13,707 | 1,186 |
Newell Brands Inc. | 49,509 | 1,176 | |
* | Discovery Inc. Class C | 41,493 | 1,161 |
* | Five Below Inc. | 7,083 | 1,159 |
Churchill Downs Inc. | 4,708 | 1,134 | |
* | Mattel Inc. | 45,082 | 1,126 |
Aramark | 29,724 | 1,099 | |
News Corp. Class A | 49,071 | 1,095 | |
* | Penn National Gaming Inc. | 21,117 | 1,084 |
Kohl's Corp. | 19,237 | 1,070 | |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 21,188 | 1,066 |
* | Deckers Outdoor Corp. | 3,561 | 1,028 |
Wyndham Hotels & Resorts Inc. | 11,877 | 1,026 | |
* | Peloton Interactive Inc. Class A | 35,050 | 1,019 |
Shares | Market Value• ($000) | ||
* | Bright Horizons Family Solutions Inc. | 7,784 | 1,017 |
* | GameStop Corp. Class A | 8,196 | 1,011 |
* | SiteOne Landscape Supply Inc. | 5,634 | 971 |
Rollins Inc. | 29,489 | 962 | |
* | DraftKings Inc. Class A | 40,406 | 957 |
New York Times Co. Class A | 21,392 | 941 | |
* | Norwegian Cruise Line Holdings Ltd. | 47,905 | 934 |
Nexstar Media Group Inc. Class A | 5,035 | 932 | |
Gentex Corp. | 30,696 | 929 | |
* | Planet Fitness Inc. Class A | 10,880 | 921 |
* | RH | 2,239 | 900 |
* | Alaska Air Group Inc. | 15,970 | 897 |
PVH Corp. | 9,151 | 896 | |
Polaris Inc. | 7,279 | 884 | |
Dick's Sporting Goods Inc. | 8,122 | 853 | |
Harley-Davidson Inc. | 19,951 | 824 | |
Ralph Lauren Corp. Class A | 6,204 | 819 | |
Nielsen Holdings plc | 46,331 | 807 | |
Marriott Vacations Worldwide Corp. | 4,989 | 802 | |
* | Skechers USA Inc. Class A | 16,884 | 776 |
Toll Brothers Inc. | 14,281 | 775 | |
Tempur Sealy International Inc. | 22,758 | 751 | |
* | Boyd Gaming Corp. | 10,533 | 747 |
Fox Corp. Class B | 19,084 | 730 | |
1 | Sirius XM Holdings Inc. | 115,048 | 709 |
Hanesbrands Inc. | 44,860 | 693 | |
* | YETI Holdings Inc. | 10,950 | 674 |
* | Terminix Global Holdings Inc. | 15,608 | 664 |
AMERCO | 1,139 | 658 | |
* | IAA Inc. | 17,445 | 641 |
Choice Hotels International Inc. | 4,399 | 635 | |
Leggett & Platt Inc. | 17,036 | 632 | |
* | Hyatt Hotels Corp. Class A | 6,502 | 631 |
* | JetBlue Airways Corp. | 41,320 | 631 |
* | AutoNation Inc. | 5,407 | 620 |
Thor Industries Inc. | 6,776 | 613 | |
Travel + Leisure Co. | 10,930 | 613 | |
* | Chegg Inc. | 18,828 | 589 |
* | Discovery Inc. Class A | 20,989 | 589 |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 11,463 | 577 |
H&R Block Inc. | 22,436 | 557 | |
Carter's Inc. | 5,486 | 530 | |
Wendy's Co. | 23,101 | 525 | |
* | Victoria's Secret & Co. | 9,766 | 524 |
* | QuantumScape Corp. Class A | 31,924 | 515 |
Columbia Sportswear Co. | 5,036 | 467 | |
* | Sabre Corp. | 41,893 | 458 |
* | Grand Canyon Education Inc. | 5,142 | 446 |
* | Six Flags Entertainment Corp. | 9,777 | 427 |
* | Madison Square Garden Sports Corp. | 2,424 | 419 |
* | Under Armour Inc. Class A | 23,178 | 415 |
* | Coty Inc. Class A | 43,419 | 398 |
* | Under Armour Inc. Class C | 25,448 | 398 |
Shares | Market Value• ($000) | ||
Penske Automotive Group Inc. | 3,907 | 384 | |
News Corp. Class B | 17,008 | 382 | |
Gap Inc. | 25,880 | 377 | |
* | Leslie's Inc. | 17,675 | 377 |
Foot Locker Inc. | 11,484 | 363 | |
* | Ollie's Bargain Outlet Holdings Inc. | 8,336 | 360 |
* | Copa Holdings SA Class A | 4,013 | 340 |
* | frontdoor Inc. | 11,179 | 336 |
* | TripAdvisor Inc. | 13,073 | 333 |
World Wrestling Entertainment Inc. Class A | 5,586 | 331 | |
* | Nordstrom Inc. | 14,155 | 294 |
* | Playtika Holding Corp. | 13,324 | 274 |
Qurate Retail Inc. Series A | 46,865 | 258 | |
* | Driven Brands Holdings Inc. | 7,383 | 217 |
* | Figs Inc. Class A | 13,114 | 215 |
* | Liberty Media Corp.- Liberty Formula One Class A | 3,710 | 208 |
* | Mister Car Wash Inc. | 10,524 | 169 |
* | Petco Health & Wellness Co. Inc. Class A | 6,810 | 119 |
Lennar Corp. Class B | 583 | 44 | |
815,437 | |||
Consumer Staples (5.3%) | |||
Procter & Gamble Co. | 311,515 | 48,562 | |
Coca-Cola Co. | 502,312 | 31,264 | |
PepsiCo Inc. | 178,802 | 29,277 | |
Philip Morris International Inc. | 201,193 | 20,335 | |
CVS Health Corp. | 170,107 | 17,632 | |
Altria Group Inc. | 239,070 | 12,262 | |
Mondelez International Inc. Class A | 180,182 | 11,798 | |
Colgate-Palmolive Co. | 107,889 | 8,302 | |
Sysco Corp. | 66,200 | 5,766 | |
Kimberly-Clark Corp. | 43,697 | 5,687 | |
Archer-Daniels-Midland Co. | 72,065 | 5,653 | |
McKesson Corp. | 19,797 | 5,443 | |
General Mills Inc. | 78,975 | 5,325 | |
Corteva Inc. | 94,494 | 4,917 | |
Kroger Co. | 95,656 | 4,477 | |
Constellation Brands Inc. Class A | 20,187 | 4,353 | |
Walgreens Boots Alliance Inc. | 92,886 | 4,281 | |
* | Monster Beverage Corp. | 48,054 | 4,056 |
Hershey Co. | 18,804 | 3,803 | |
Kraft Heinz Co. | 89,851 | 3,524 | |
Keurig Dr Pepper Inc. | 90,361 | 3,494 | |
Tyson Foods Inc. Class A | 37,146 | 3,442 | |
Church & Dwight Co. Inc. | 31,667 | 3,099 | |
McCormick & Co. Inc. | 32,231 | 3,067 | |
AmerisourceBergen Corp. Class A | 19,301 | 2,751 | |
Clorox Co. | 15,828 | 2,308 | |
Conagra Brands Inc. | 60,719 | 2,123 | |
Kellogg Co. | 32,127 | 2,054 | |
Bunge Ltd. | 17,808 | 1,862 | |
J M Smucker Co. | 13,566 | 1,828 | |
Hormel Foods Corp. | 36,672 | 1,747 | |
Brown-Forman Corp. Class B | 25,104 | 1,638 |
Shares | Market Value• ($000) | ||
* | Darling Ingredients Inc. | 20,810 | 1,508 |
Lamb Weston Holdings Inc. | 18,971 | 1,260 | |
Molson Coors Beverage Co. Class B | 23,222 | 1,212 | |
Campbell Soup Co. | 25,466 | 1,145 | |
* | US Foods Holding Corp | 28,277 | 1,105 |
Casey's General Stores Inc. | 4,748 | 893 | |
* | Post Holdings Inc. | 7,703 | 810 |
Ingredion Inc. | 8,585 | 762 | |
Flowers Foods Inc. | 24,632 | 675 | |
Albertsons Cos. Inc. Class A | 19,667 | 573 | |
Spectrum Brands Holdings Inc. | 5,427 | 504 | |
* | Freshpet Inc. | 5,240 | 499 |
* | Herbalife Nutrition Ltd. | 13,100 | 466 |
* | Boston Beer Co. Inc. Class A | 1,196 | 459 |
* | Hain Celestial Group Inc. | 11,938 | 434 |
*,1 | Beyond Meat Inc. | 7,365 | 345 |
* | Grocery Outlet Holding Corp. | 11,117 | 309 |
Brown-Forman Corp. Class A | 4,470 | 273 | |
Reynolds Consumer Products Inc. | 6,698 | 199 | |
* | Olaplex Holdings Inc. | 11,889 | 199 |
* | Pilgrim's Pride Corp. | 5,792 | 137 |
Seaboard Corp. | 30 | 116 | |
280,013 | |||
Energy (3.6%) | |||
Exxon Mobil Corp. | 547,356 | 42,924 | |
Chevron Corp. | 250,144 | 36,021 | |
ConocoPhillips | 170,225 | 16,147 | |
EOG Resources Inc. | 75,106 | 8,631 | |
Schlumberger NV | 181,160 | 7,109 | |
Pioneer Natural Resources Co. | 27,947 | 6,696 | |
Marathon Petroleum Corp. | 79,588 | 6,197 | |
Devon Energy Corp. | 87,247 | 5,195 | |
Williams Cos. Inc. | 157,382 | 4,923 | |
Occidental Petroleum Corp. | 109,306 | 4,780 | |
Phillips 66 | 56,627 | 4,770 | |
Valero Energy Corp. | 52,822 | 4,411 | |
Kinder Morgan Inc. | 252,002 | 4,385 | |
Cheniere Energy Inc. | 30,284 | 4,025 | |
Halliburton Co. | 114,616 | 3,843 | |
ONEOK Inc. | 57,394 | 3,748 | |
Hess Corp. | 35,846 | 3,623 | |
Diamondback Energy Inc. | 23,285 | 3,216 | |
* | Enphase Energy Inc. | 17,136 | 2,857 |
Baker Hughes Co. Class A | 95,007 | 2,791 | |
Coterra Energy Inc. | 103,261 | 2,409 | |
Marathon Oil Corp. | 100,064 | 2,257 | |
Targa Resources Corp. | 29,118 | 1,903 | |
* | Plug Power Inc. | 66,522 | 1,682 |
APA Corp. | 47,029 | 1,676 | |
* | First Solar Inc. | 13,598 | 1,024 |
Texas Pacific Land Corp. | 769 | 914 | |
EQT Corp. | 39,121 | 905 | |
NOV Inc. | 50,842 | 872 | |
DTE Midstream LLC | 12,460 | 662 | |
HollyFrontier Corp. | 19,678 | 599 | |
Continental Resources Inc. | 8,278 | 459 | |
Antero Midstream Corp. | 43,218 | 434 | |
*,1 | ChargePoint Holdings Inc. | 29,658 | 431 |
Shares | Market Value• ($000) | ||
* | Shoals Technologies Group Inc. Class A | 13,277 | 210 |
New Fortress Energy Inc. Class A | 3,388 | 93 | |
* | Fluence Energy Inc. | 4,718 | 64 |
192,886 | |||
Financials (11.4%) | |||
* | Berkshire Hathaway Inc. Class B | 237,420 | 76,319 |
JPMorgan Chase & Co. | 379,825 | 53,859 | |
Bank of America Corp. | 931,668 | 41,180 | |
Wells Fargo & Co. | 517,145 | 27,600 | |
S&P Global Inc. | 44,816 | 16,837 | |
Charles Schwab Corp. | 194,437 | 16,422 | |
Morgan Stanley | 173,017 | 15,700 | |
Citigroup Inc. | 256,355 | 15,184 | |
Goldman Sachs Group Inc. | 42,194 | 14,400 | |
BlackRock Inc. | 18,468 | 13,738 | |
Chubb Ltd. | 55,382 | 11,278 | |
Blackstone Inc. | 88,159 | 11,238 | |
CME Group Inc. | 46,285 | 10,948 | |
PNC Financial Services Group Inc. | 54,806 | 10,920 | |
Truist Financial Corp. | 173,935 | 10,822 | |
Marsh & McLennan Cos. Inc. | 65,632 | 10,200 | |
US Bancorp | 173,247 | 9,795 | |
Intercontinental Exchange Inc. | 71,993 | 9,224 | |
Aon plc Class A (XNYS) | 28,287 | 8,264 | |
Progressive Corp. | 75,355 | 7,982 | |
Moody's Corp. | 21,019 | 6,769 | |
American International Group Inc. | 107,557 | 6,587 | |
MetLife Inc. | 92,156 | 6,225 | |
Travelers Cos. Inc. | 31,804 | 5,465 | |
Prudential Financial Inc. | 48,763 | 5,445 | |
MSCI Inc. Class A | 10,376 | 5,206 | |
Bank of New York Mellon Corp. | 97,872 | 5,202 | |
Aflac Inc. | 84,139 | 5,140 | |
Discover Financial Services | 37,883 | 4,676 | |
Allstate Corp. | 37,014 | 4,529 | |
* | SVB Financial Group | 7,322 | 4,437 |
Ameriprise Financial Inc. | 14,461 | 4,335 | |
KKR & Co. Inc. | 71,965 | 4,327 | |
Fifth Third Bancorp | 88,184 | 4,219 | |
T Rowe Price Group Inc. | 29,134 | 4,212 | |
Arthur J Gallagher & Co. | 26,505 | 4,193 | |
State Street Corp. | 47,199 | 4,028 | |
First Republic Bank | 23,043 | 3,992 | |
Willis Towers Watson plc | 16,048 | 3,567 | |
Apollo Global Management Inc. | 47,554 | 3,103 | |
Hartford Financial Services Group Inc. | 43,875 | 3,048 | |
Northern Trust Corp. | 26,515 | 3,020 | |
M&T Bank Corp. | 16,516 | 3,010 | |
KeyCorp | 119,756 | 3,002 | |
Regions Financial Corp. | 123,914 | 2,997 | |
Huntington Bancshares Inc. | 185,206 | 2,874 | |
Citizens Financial Group Inc. | 53,413 | 2,800 | |
Signature Bank | 7,703 | 2,657 | |
Raymond James Financial Inc. | 23,973 | 2,629 | |
Nasdaq Inc. | 14,923 | 2,554 |
Shares | Market Value• ($000) | ||
Principal Financial Group Inc. | 33,982 | 2,401 | |
Cincinnati Financial Corp. | 19,434 | 2,386 | |
* | Arch Capital Group Ltd. | 48,192 | 2,270 |
Ally Financial Inc. | 44,755 | 2,233 | |
Broadridge Financial Solutions Inc. | 15,024 | 2,197 | |
* | Markel Corp. | 1,755 | 2,181 |
Brown & Brown Inc. | 30,393 | 2,055 | |
FactSet Research Systems Inc. | 4,921 | 1,998 | |
LPL Financial Holdings Inc. | 10,290 | 1,862 | |
MarketAxess Holdings Inc. | 4,835 | 1,844 | |
Loews Corp. | 27,880 | 1,710 | |
Fidelity National Financial Inc. | 35,221 | 1,678 | |
Comerica Inc. | 16,899 | 1,614 | |
First Horizon Corp. | 68,648 | 1,612 | |
Cboe Global Markets Inc. | 13,737 | 1,611 | |
W R Berkley Corp. | 17,793 | 1,607 | |
East West Bancorp Inc. | 18,288 | 1,601 | |
Lincoln National Corp. | 23,383 | 1,576 | |
Equitable Holdings Inc. | 46,622 | 1,523 | |
Ares Management Corp. Class A | 18,535 | 1,503 | |
Everest Re Group Ltd. | 5,008 | 1,494 | |
Zions Bancorp NA | 19,816 | 1,405 | |
Webster Financial Corp. | 23,203 | 1,397 | |
Globe Life Inc. | 13,000 | 1,312 | |
Annaly Capital Management Inc. | 182,072 | 1,267 | |
Assurant Inc. | 7,267 | 1,233 | |
First Citizens BancShares Inc. Class A | 1,560 | 1,230 | |
Western Alliance Bancorp | 13,058 | 1,224 | |
American Financial Group Inc. | 8,723 | 1,181 | |
People's United Financial Inc. | 55,602 | 1,172 | |
* | Alleghany Corp. | 1,723 | 1,141 |
Tradeweb Markets Inc. Class A | 13,495 | 1,140 | |
Franklin Resources Inc. | 37,608 | 1,118 | |
Cullen/Frost Bankers Inc. | 7,467 | 1,051 | |
Commerce Bancshares Inc. | 14,366 | 1,031 | |
Jefferies Financial Group Inc. | 28,334 | 1,007 | |
Synovus Financial Corp. | 18,961 | 998 | |
Pinnacle Financial Partners Inc. | 9,700 | 980 | |
Carlyle Group Inc. | 20,789 | 974 | |
Reinsurance Group of America Inc. | 8,779 | 973 | |
Stifel Financial Corp. | 13,074 | 961 | |
Voya Financial Inc. | 14,261 | 960 | |
* | Upstart Holdings Inc. | 5,992 | 947 |
Old Republic International Corp. | 35,914 | 946 | |
Popular Inc. | 10,179 | 935 | |
First American Financial Corp. | 13,670 | 916 | |
Starwood Property Trust Inc. | 37,306 | 889 | |
RenaissanceRe Holdings Ltd. | 5,877 | 886 | |
Prosperity Bancshares Inc. | 11,744 | 874 | |
AGNC Investment Corp. | 67,634 | 873 | |
Invesco Ltd. | 40,577 | 862 |
Shares | Market Value• ($000) | ||
Morningstar Inc. | 3,053 | 857 | |
SEI Investments Co. | 13,944 | 817 | |
SLM Corp. | 38,318 | 755 | |
Unum Group | 26,738 | 747 | |
Wintrust Financial Corp. | 7,446 | 740 | |
PacWest Bancorp | 14,950 | 739 | |
OneMain Holdings Inc. | 14,473 | 738 | |
Affiliated Managers Group Inc. | 5,325 | 737 | |
Bank OZK | 15,626 | 735 | |
Janus Henderson Group plc | 21,858 | 734 | |
Interactive Brokers Group Inc. Class A | 10,556 | 699 | |
New York Community Bancorp Inc. | 58,954 | 680 | |
Primerica Inc. | 5,139 | 668 | |
Hanover Insurance Group Inc. | 4,637 | 647 | |
MGIC Investment Corp. | 42,039 | 638 | |
Evercore Inc. Class A | 5,015 | 637 | |
Umpqua Holdings Corp. | 28,237 | 603 | |
New Residential Investment Corp. | 57,221 | 594 | |
Erie Indemnity Co. Class A | 3,302 | 578 | |
FNB Corp. | 42,769 | 574 | |
* | Credit Acceptance Corp. | 1,035 | 569 |
Axis Capital Holdings Ltd. | 9,885 | 540 | |
* | Brighthouse Financial Inc. | 10,229 | 535 |
Assured Guaranty Ltd. | 8,456 | 524 | |
First Hawaiian Inc. | 16,733 | 486 | |
Bank of Hawaii Corp. | 5,270 | 454 | |
Lazard Ltd. Class A | 13,015 | 450 | |
Kemper Corp. | 7,776 | 416 | |
White Mountains Insurance Group Ltd. | 378 | 397 | |
BOK Financial Corp. | 3,794 | 390 | |
Virtu Financial Inc. Class A | 10,908 | 383 | |
Rocket Cos. Inc. Class A | 17,346 | 224 | |
Mercury General Corp. | 3,377 | 186 | |
CNA Financial Corp. | 3,454 | 158 | |
*,1 | Lemonade Inc. | 4,917 | 125 |
TFS Financial Corp. | 6,161 | 106 | |
UWM Holdings Corp. | 13,358 | 58 | |
* | GoHealth Inc. Class A | 5,839 | 13 |
606,928 | |||
Health Care (12.5%) | |||
UnitedHealth Group Inc. | 121,664 | 57,896 | |
Johnson & Johnson | 341,018 | 56,121 | |
Pfizer Inc. | 721,743 | 33,879 | |
AbbVie Inc. | 228,425 | 33,754 | |
Thermo Fisher Scientific Inc. | 50,804 | 27,637 | |
Eli Lilly & Co. | 109,597 | 27,394 | |
Abbott Laboratories | 224,595 | 27,091 | |
Merck & Co. Inc. | 327,506 | 25,080 | |
Danaher Corp. | 81,967 | 22,493 | |
Bristol-Myers Squibb Co. | 288,703 | 19,825 | |
Medtronic plc | 173,406 | 18,206 | |
Amgen Inc. | 73,356 | 16,614 | |
Anthem Inc. | 31,603 | 14,280 | |
* | Intuitive Surgical Inc. | 45,708 | 13,270 |
Zoetis Inc. | 61,366 | 11,884 | |
Stryker Corp. | 44,979 | 11,845 | |
Becton Dickinson and Co. | 36,957 | 10,026 | |
Cigna Corp. | 42,153 | 10,023 | |
Gilead Sciences Inc. | 162,425 | 9,810 |
Shares | Market Value• ($000) | ||
* | Edwards Lifesciences Corp. | 80,008 | 8,991 |
* | Boston Scientific Corp. | ��183,657 | 8,112 |
* | Regeneron Pharmaceuticals Inc. | 12,973 | 8,022 |
HCA Healthcare Inc. | 31,713 | 7,938 | |
* | Vertex Pharmaceuticals Inc. | 32,932 | 7,575 |
Humana Inc. | 16,699 | 7,253 | |
* | Moderna Inc. | 43,807 | 6,729 |
* | Centene Corp. | 74,890 | 6,187 |
* | Illumina Inc. | 18,884 | 6,168 |
* | IDEXX Laboratories Inc. | 10,952 | 5,830 |
* | IQVIA Holdings Inc. | 24,541 | 5,647 |
Baxter International Inc. | 65,072 | 5,529 | |
* | Align Technology Inc. | 10,185 | 5,209 |
* | DexCom Inc. | 12,472 | 5,162 |
Agilent Technologies Inc. | 39,389 | 5,135 | |
ResMed Inc. | 18,620 | 4,595 | |
* | Veeva Systems Inc. Class A | 17,447 | 3,996 |
* | Biogen Inc. | 18,909 | 3,990 |
West Pharmaceutical Services Inc. | 9,504 | 3,679 | |
Cerner Corp. | 38,208 | 3,563 | |
Zimmer Biomet Holdings Inc. | 26,986 | 3,432 | |
* | Laboratory Corp. of America Holdings | 12,474 | 3,384 |
PerkinElmer Inc. | 16,266 | 2,922 | |
* | Avantor Inc. | 77,648 | 2,694 |
STERIS plc | 11,085 | 2,660 | |
Cooper Cos. Inc. | 6,288 | 2,572 | |
* | Horizon Therapeutics plc | 27,867 | 2,541 |
* | Alnylam Pharmaceuticals Inc. | 15,395 | 2,430 |
* | Hologic Inc. | 32,564 | 2,318 |
* | Molina Healthcare Inc. | 7,480 | 2,295 |
* | Insulet Corp. | 8,569 | 2,268 |
* | Seagen Inc. | 17,345 | 2,235 |
* | Catalent Inc. | 21,892 | 2,234 |
Bio-Techne Corp. | 5,056 | 2,121 | |
Quest Diagnostics Inc. | 15,829 | 2,078 | |
Teleflex Inc. | 6,058 | 2,037 | |
Cardinal Health Inc. | 36,494 | 1,971 | |
* | Charles River Laboratories International Inc. | 6,463 | 1,882 |
* | BioMarin Pharmaceutical Inc. | 23,636 | 1,846 |
* | ABIOMED Inc. | 5,732 | 1,781 |
* | Bio-Rad Laboratories Inc. Class A | 2,751 | 1,722 |
* | Exact Sciences Corp. | 22,012 | 1,718 |
Viatris Inc. | 155,483 | 1,712 | |
Royalty Pharma plc Class A | 42,061 | 1,651 | |
* | Incyte Corp. | 24,017 | 1,640 |
* | Elanco Animal Health Inc. (XNYS) | 57,481 | 1,633 |
* | Henry Schein Inc. | 18,040 | 1,558 |
DENTSPLY SIRONA Inc. | 28,028 | 1,517 | |
* | Teladoc Health Inc. | 19,464 | 1,478 |
* | QIAGEN NV | 29,296 | 1,456 |
* | Repligen Corp. | 7,053 | 1,387 |
Universal Health Services Inc. Class B | 9,200 | 1,324 | |
Organon & Co. | 32,641 | 1,219 | |
* | Neurocrine Biosciences Inc. | 11,967 | 1,076 |
* | Novocure Ltd. | 13,098 | 1,072 |
* | Jazz Pharmaceuticals plc | 7,684 | 1,056 |
Shares | Market Value• ($000) | ||
* | Syneos Health Inc. | 13,216 | 1,047 |
* | Masimo Corp. | 6,447 | 1,015 |
* | Envista Holdings Corp. | 20,771 | 997 |
* | Penumbra Inc. | 4,420 | 980 |
* | DaVita Inc. | 8,586 | 968 |
* | United Therapeutics Corp. | 5,730 | 952 |
Bruker Corp. | 13,056 | 919 | |
Chemed Corp. | 1,920 | 918 | |
* | Tandem Diabetes Care Inc. | 7,909 | 891 |
* | 10X Genomics Inc. Class A | 10,821 | 882 |
Encompass Health Corp. | 12,716 | 840 | |
* | Exelixis Inc. | 40,376 | 829 |
* | Novavax Inc. | 9,833 | 820 |
* | Sarepta Therapeutics Inc. | 10,613 | 813 |
* | Guardant Health Inc. | 11,447 | 759 |
* | Globus Medical Inc. Class A | 10,287 | 723 |
* | Natera Inc. | 10,823 | 712 |
* | Amedisys Inc. | 4,160 | 667 |
* | Acadia Healthcare Co. Inc. | 11,554 | 655 |
* | Integra LifeSciences Holdings Corp. | 9,312 | 624 |
* | Ionis Pharmaceuticals Inc. | 18,407 | 614 |
Perrigo Co. plc | 17,298 | 614 | |
* | ICU Medical Inc. | 2,547 | 603 |
* | Ultragenyx Pharmaceutical Inc. | 8,607 | 579 |
* | Maravai LifeSciences Holdings Inc. Class A | 14,365 | 561 |
Premier Inc. Class A | 15,407 | 554 | |
* | Quidel Corp. | 4,881 | 516 |
* | Mirati Therapeutics Inc. | 5,511 | 487 |
* | agilon health Inc. | 21,205 | 429 |
* | Certara Inc. | 14,131 | 358 |
* | Iovance Biotherapeutics Inc. | 20,172 | 316 |
* | Sotera Health Co. | 12,504 | 273 |
* | Sage Therapeutics Inc. | 6,594 | 240 |
* | Nektar Therapeutics Class A | 22,599 | 231 |
* | Oak Street Health Inc. | 12,796 | 224 |
* | Adaptive Biotechnologies Corp. | 13,838 | 200 |
* | CureVac NV | 6,812 | 115 |
* | Signify Health Inc. Class A | 7,937 | 112 |
* | Definitive Healthcare Corp. Class A | 2,076 | 48 |
661,443 | |||
Industrials (12.7%) | |||
Visa Inc. Class A | 218,923 | 47,314 | |
Mastercard Inc. Class A | 113,155 | 40,829 | |
Accenture plc Class A | 82,293 | 26,006 | |
Union Pacific Corp. | 83,182 | 20,459 | |
Raytheon Technologies Corp. | 193,557 | 19,878 | |
United Parcel Service Inc. Class B | 93,582 | 19,692 | |
Honeywell International Inc. | 89,792 | 17,038 | |
* | PayPal Holdings Inc. | 151,750 | 16,985 |
American Express Co. | 81,124 | 15,782 | |
* | Boeing Co. | 69,069 | 14,183 |
Lockheed Martin Corp. | 32,000 | 13,882 | |
General Electric Co. | 140,863 | 13,454 | |
Caterpillar Inc. | 69,899 | 13,112 | |
Deere & Co. | 36,027 | 12,970 |
Shares | Market Value• ($000) | ||
Automatic Data Processing Inc. | 54,949 | 11,234 | |
3M Co. | 74,674 | 11,100 | |
CSX Corp. | 285,640 | 9,686 | |
Illinois Tool Works Inc. | 40,649 | 8,794 | |
Northrop Grumman Corp. | 19,176 | 8,478 | |
Capital One Financial Corp. | 54,717 | 8,386 | |
Sherwin-Williams Co. | 31,037 | 8,167 | |
Norfolk Southern Corp. | 31,358 | 8,044 | |
Eaton Corp. plc | 51,551 | 7,954 | |
* | Block Inc. (XNYS) | 62,104 | 7,918 |
* | Fiserv Inc. | 77,462 | 7,566 |
General Dynamics Corp. | 32,080 | 7,521 | |
Fidelity National Information Services Inc. | 78,792 | 7,503 | |
Emerson Electric Co. | 77,231 | 7,176 | |
FedEx Corp. | 31,741 | 7,055 | |
L3Harris Technologies Inc. | 25,320 | 6,388 | |
Johnson Controls International plc | 92,689 | 6,021 | |
DuPont de Nemours Inc. | 67,766 | 5,243 | |
Carrier Global Corp. | 112,519 | 5,050 | |
Global Payments Inc. | 37,308 | 4,976 | |
Paychex Inc. | 41,461 | 4,936 | |
Parker-Hannifin Corp. | 16,647 | 4,934 | |
Trane Technologies plc | 30,884 | 4,754 | |
* | TransDigm Group Inc. | 6,685 | 4,456 |
Otis Worldwide Corp. | 55,088 | 4,315 | |
Cintas Corp. | 11,303 | 4,242 | |
Old Dominion Freight Line Inc. | 13,233 | 4,156 | |
* | Mettler-Toledo International Inc. | 2,938 | 4,139 |
PPG Industries Inc. | 30,636 | 4,088 | |
PACCAR Inc. | 44,098 | 4,049 | |
Rockwell Automation Inc. | 15,025 | 4,005 | |
AMETEK Inc. | 29,801 | 3,868 | |
Cummins Inc. | 18,565 | 3,789 | |
* | Keysight Technologies Inc. | 23,979 | 3,774 |
Ball Corp. | 41,037 | 3,683 | |
Verisk Analytics Inc. Class A | 20,536 | 3,642 | |
Equifax Inc. | 15,678 | 3,423 | |
Stanley Black & Decker Inc. | 20,881 | 3,397 | |
Vulcan Materials Co. | 17,075 | 3,098 | |
Martin Marietta Materials Inc. | 8,026 | 3,045 | |
Synchrony Financial | 70,556 | 3,018 | |
* | United Rentals Inc. | 9,331 | 3,001 |
Dover Corp. | 18,534 | 2,907 | |
* | Zebra Technologies Corp. Class A | 6,880 | 2,844 |
* | Bill.Com Holdings Inc. | 11,920 | 2,836 |
WW Grainger Inc. | 5,928 | 2,828 | |
Fortive Corp. | 42,140 | 2,729 | |
Ingersoll Rand Inc. | 52,317 | 2,643 | |
* | Teledyne Technologies Inc. | 5,896 | 2,532 |
* | Generac Holdings Inc. | 7,965 | 2,513 |
* | Waters Corp. | 7,867 | 2,492 |
* | FleetCor Technologies Inc. | 10,156 | 2,379 |
Amcor plc | 199,733 | 2,323 | |
Expeditors International of Washington Inc. | 21,873 | 2,261 | |
* | Trimble Inc. | 31,726 | 2,213 |
JB Hunt Transport Services Inc. | 10,892 | 2,210 | |
TransUnion | 24,338 | 2,209 |
Shares | Market Value• ($000) | ||
Westinghouse Air Brake Technologies Corp. | 23,205 | 2,154 | |
Textron Inc. | 28,570 | 2,089 | |
Jacobs Engineering Group Inc. | 16,760 | 2,061 | |
Xylem Inc. | 22,862 | 2,034 | |
Quanta Services Inc. | 18,414 | 2,006 | |
Crown Holdings Inc. | 15,873 | 1,947 | |
IDEX Corp. | 9,840 | 1,888 | |
Howmet Aerospace Inc. | 50,197 | 1,803 | |
* | Builders FirstSource Inc. | 24,188 | 1,800 |
Packaging Corp. of America | 12,169 | 1,791 | |
Masco Corp. | 31,391 | 1,759 | |
Nordson Corp. | 7,520 | 1,703 | |
Jack Henry & Associates Inc. | 9,532 | 1,685 | |
Robert Half International Inc. | 13,943 | 1,677 | |
CH Robinson Worldwide Inc. | 16,687 | 1,613 | |
* | Fair Isaac Corp. | 3,416 | 1,610 |
Carlisle Cos. Inc. | 6,670 | 1,583 | |
Graco Inc. | 21,639 | 1,560 | |
Westrock Co. | 34,189 | 1,548 | |
Fortune Brands Home & Security Inc. | 17,482 | 1,519 | |
Cognex Corp. | 22,168 | 1,498 | |
Snap-on Inc. | 6,931 | 1,457 | |
Booz Allen Hamilton Holding Corp. Class A | 17,310 | 1,397 | |
RPM International Inc. | 16,496 | 1,395 | |
Regal Rexnord Corp. | 8,676 | 1,391 | |
* | Trex Co. Inc. | 14,908 | 1,369 |
Allegion plc | 11,561 | 1,324 | |
Toro Co. | 13,700 | 1,285 | |
Sealed Air Corp. | 19,130 | 1,284 | |
AECOM | 17,582 | 1,278 | |
* | Middleby Corp. | 7,122 | 1,265 |
Hubbell Inc. Class B | 6,936 | 1,236 | |
Pentair plc | 21,321 | 1,235 | |
Owens Corning | 12,983 | 1,210 | |
HEICO Corp. Class A | 9,779 | 1,202 | |
* | Axon Enterprise Inc. | 8,419 | 1,181 |
Watsco Inc. | 4,266 | 1,165 | |
* | Sensata Technologies Holding plc | 19,994 | 1,158 |
A O Smith Corp. | 16,776 | 1,150 | |
Lennox International Inc. | 4,257 | 1,136 | |
Knight-Swift Transportation Holdings Inc. | 20,825 | 1,135 | |
MKS Instruments Inc. | 7,187 | 1,082 | |
* | Berry Global Group Inc. | 17,643 | 1,070 |
* | Paylocity Holding Corp. | 5,022 | 1,067 |
* | GXO Logistics Inc. | 12,447 | 1,045 |
Huntington Ingalls Industries Inc. | 5,060 | 1,034 | |
AptarGroup Inc. | 8,442 | 1,029 | |
* | Mohawk Industries Inc. | 7,117 | 1,002 |
Oshkosh Corp. | 8,880 | 986 | |
Genpact Ltd. | 23,507 | 984 | |
ITT Inc. | 11,128 | 978 | |
* | WEX Inc. | 5,757 | 970 |
Brunswick Corp. | 10,081 | 963 | |
AGCO Corp. | 7,991 | 960 | |
Lincoln Electric Holdings Inc. | 7,477 | 953 | |
Western Union Co. | 51,537 | 937 | |
Woodward Inc. | 7,447 | 928 |
Shares | Market Value• ($000) | ||
Advanced Drainage Systems Inc. | 7,940 | 927 | |
HEICO Corp. | 6,176 | 911 | |
* | TopBuild Corp. | 4,223 | 907 |
* | XPO Logistics Inc. | 12,433 | 904 |
Donaldson Co. Inc. | 16,016 | 869 | |
* | Euronet Worldwide Inc. | 6,552 | 840 |
* | Coherent Inc. | 3,176 | 839 |
Acuity Brands Inc. | 4,433 | 808 | |
Louisiana-Pacific Corp. | 11,166 | 803 | |
Littelfuse Inc. | 3,101 | 801 | |
Graphic Packaging Holding Co. | 36,678 | 755 | |
Landstar System Inc. | 4,864 | 751 | |
Curtiss-Wright Corp. | 5,077 | 749 | |
Sonoco Products Co. | 12,713 | 746 | |
ManpowerGroup Inc. | 6,958 | 739 | |
nVent Electric plc | 21,279 | 722 | |
Eagle Materials Inc. | 5,217 | 714 | |
MDU Resources Group Inc. | 26,492 | 709 | |
* | Axalta Coating Systems Ltd. | 26,181 | 708 |
Spirit AeroSystems Holdings Inc. Class A | 13,515 | 676 | |
MSA Safety Inc. | 4,777 | 664 | |
BWX Technologies Inc. | 12,071 | 645 | |
Crane Co. | 6,365 | 643 | |
* | FTI Consulting Inc. | 4,261 | 622 |
* | Colfax Corp. | 15,226 | 612 |
Air Lease Corp. Class A | 14,186 | 592 | |
Valmont Industries Inc. | 2,664 | 577 | |
* | MasTec Inc. | 7,194 | 567 |
Ryder System Inc. | 6,781 | 535 | |
Vontier Corp. | 21,667 | 527 | |
Allison Transmission Holdings Inc. | 13,153 | 525 | |
Armstrong World Industries Inc. | 5,890 | 521 | |
* | Kirby Corp. | 7,845 | 511 |
Flowserve Corp. | 16,727 | 508 | |
MSC Industrial Direct Co. Inc. Class A | 5,893 | 457 | |
* | Mercury Systems Inc. | 7,471 | 450 |
Alliance Data Systems Corp. | 6,526 | 440 | |
Silgan Holdings Inc. | 10,400 | 436 | |
* | AZEK Co. Inc. Class A | 14,619 | 431 |
* | StoneCo. Ltd. Class A | 28,465 | 320 |
* | TuSimple Holdings Inc. Class A | 17,344 | 302 |
* | Paysafe Ltd. | 93,455 | 298 |
* | Shift4 Payments Inc. Class A | 5,522 | 291 |
* | Virgin Galactic Holdings Inc. | 22,850 | 221 |
* | Gates Industrial Corp. plc | 11,839 | 188 |
Schneider National Inc. Class B | 6,211 | 162 | |
ADT Inc. | 21,212 | 155 | |
* | Core & Main Inc. Class A | 6,329 | 142 |
* | Ardagh Metal Packaging SA | 16,554 | 138 |
* | Diversey Holdings Ltd. | 11,155 | 107 |
* | Hayward Holdings Inc. | 5,887 | 105 |
* | Loyalty Ventures Inc. | 2,604 | 62 |
* | GreenSky Inc. Class A | 4,000 | 40 |
Ardagh Group SA | 2,011 | 38 |
Shares | Market Value• ($000) | ||
* | Legalzoom.com Inc. | 2,377 | 37 |
676,891 | |||
Real Estate (3.3%) | |||
Prologis Inc. | 95,287 | 13,898 | |
American Tower Corp. | 58,284 | 13,223 | |
Crown Castle International Corp. | 55,792 | 9,294 | |
Equinix Inc. | 11,571 | 8,212 | |
Public Storage | 19,437 | 6,901 | |
Simon Property Group Inc. | 42,221 | 5,808 | |
Digital Realty Trust Inc. | 36,314 | 4,899 | |
Realty Income Corp. | 73,213 | 4,839 | |
Welltower Inc. | 56,331 | 4,692 | |
AvalonBay Communities Inc. | 17,878 | 4,266 | |
SBA Communications Corp. Class A | 14,035 | 4,258 | |
* | CBRE Group Inc. Class A | 43,142 | 4,178 |
Equity Residential | 47,687 | 4,068 | |
Weyerhaeuser Co. | 96,980 | 3,771 | |
Alexandria Real Estate Equities Inc. | 19,763 | 3,743 | |
Extra Space Storage Inc. | 16,957 | 3,190 | |
* | CoStar Group Inc. | 50,655 | 3,090 |
Mid-America Apartment Communities Inc. | 14,890 | 3,047 | |
Invitation Homes Inc. | 77,013 | 2,911 | |
Ventas Inc. | 51,499 | 2,781 | |
Sun Communities Inc. | 14,757 | 2,671 | |
Essex Property Trust Inc. | 8,355 | 2,650 | |
Duke Realty Corp. | 49,183 | 2,607 | |
Boston Properties Inc. | 19,832 | 2,426 | |
VICI Properties Inc. | 81,240 | 2,271 | |
UDR Inc. | 39,876 | 2,188 | |
Healthpeak Properties Inc. | 69,957 | 2,173 | |
Camden Property Trust | 12,747 | 2,105 | |
WP Carey Inc. | 23,882 | 1,848 | |
Iron Mountain Inc. | 37,152 | 1,827 | |
Kimco Realty Corp. | 75,211 | 1,770 | |
Equity LifeStyle Properties Inc. | 22,459 | 1,676 | |
* | Host Hotels & Resorts Inc. | 91,670 | 1,675 |
* | Jones Lang LaSalle Inc. | 6,546 | 1,612 |
Medical Properties Trust Inc. | 76,430 | 1,555 | |
CyrusOne Inc. | 16,408 | 1,482 | |
Regency Centers Corp. | 21,942 | 1,446 | |
American Homes 4 Rent Class A | 36,777 | 1,398 | |
Rexford Industrial Realty Inc. | 19,609 | 1,375 | |
CubeSmart | 27,657 | 1,333 | |
Gaming and Leisure Properties Inc. | 29,163 | 1,324 | |
Life Storage Inc. | 10,462 | 1,324 | |
* | Zillow Group Inc. Class C | 22,059 | 1,269 |
Lamar Advertising Co. Class A | 11,125 | 1,213 | |
Federal Realty Investment Trust | 10,016 | 1,178 | |
Kilroy Realty Corp. | 14,947 | 1,070 | |
Apartment Income REIT Corp. | 19,231 | 993 | |
Vornado Realty Trust | 22,760 | 985 | |
STORE Capital Corp. | 31,746 | 975 | |
Brixmor Property Group Inc. | 38,761 | 974 |
Shares | Market Value• ($000) | ||
American Campus Communities Inc. | 17,978 | 967 | |
National Retail Properties Inc. | 22,542 | 961 | |
First Industrial Realty Trust Inc. | 16,622 | 957 | |
Americold Realty Trust | 34,104 | 911 | |
Omega Healthcare Investors Inc. | 30,565 | 861 | |
Healthcare Trust of America Inc. Class A | 27,769 | 816 | |
Cousins Properties Inc. | 19,450 | 751 | |
Spirit Realty Capital Inc. | 15,908 | 738 | |
Rayonier Inc. | 18,101 | 719 | |
SL Green Realty Corp. | 8,755 | 696 | |
Douglas Emmett Inc. | 21,098 | 669 | |
Highwoods Properties Inc. | 13,231 | 577 | |
* | Park Hotels & Resorts Inc. | 30,322 | 571 |
* | Howard Hughes Corp. | 5,409 | 517 |
Hudson Pacific Properties Inc. | 19,096 | 504 | |
* | Opendoor Technologies Inc. | 59,844 | 500 |
EPR Properties | 9,396 | 468 | |
* | Zillow Group Inc. Class A | 7,670 | 439 |
JBG SMITH Properties | 15,673 | 418 | |
* | Orion Office REIT Inc. | 7,111 | 121 |
173,623 | |||
Technology (28.7%) | |||
Apple Inc. | 1,996,546 | 329,670 | |
Microsoft Corp. | 974,839 | 291,272 | |
* | Alphabet Inc. Class A | 38,928 | 105,150 |
* | Alphabet Inc. Class C | 36,272 | 97,855 |
NVIDIA Corp. | 309,362 | 75,438 | |
* | Meta Platforms Inc. Class A | 305,635 | 64,498 |
Broadcom Inc. | 51,631 | 30,330 | |
* | Adobe Inc. | 61,715 | 28,863 |
* | Advanced Micro Devices Inc. | 211,111 | 26,039 |
* | salesforce.com Inc. | 120,863 | 25,445 |
QUALCOMM Inc. | 145,873 | 25,089 | |
Intel Corp. | 522,688 | 24,932 | |
Texas Instruments Inc. | 119,471 | 20,309 | |
Intuit Inc. | 34,292 | 16,267 | |
Oracle Corp. | 213,418 | 16,213 | |
Applied Materials Inc. | 116,301 | 15,608 | |
* | ServiceNow Inc. | 25,438 | 14,752 |
International Business Machines Corp. | 115,521 | 14,152 | |
Micron Technology Inc. | 144,744 | 12,862 | |
Analog Devices Inc. | 69,276 | 11,104 | |
Lam Research Corp. | 18,213 | 10,224 | |
* | Palo Alto Networks Inc. | 12,332 | 7,328 |
Marvell Technology Inc. | 105,997 | 7,243 | |
KLA Corp. | 19,638 | 6,844 | |
* | Snowflake Inc. Class A | 25,730 | 6,835 |
NXP Semiconductors NV | 34,314 | 6,524 | |
* | Autodesk Inc. | 28,516 | 6,280 |
* | Synopsys Inc. | 19,641 | 6,136 |
Roper Technologies Inc. | 13,579 | 6,086 | |
* | Fortinet Inc. | 17,333 | 5,972 |
Cognizant Technology Solutions Corp. Class A | 67,884 | 5,847 | |
Amphenol Corp. Class A | 75,578 | 5,745 | |
* | Workday Inc. Class A | 24,574 | 5,629 |
* | Atlassian Corp. plc Class A | 18,033 | 5,513 |
Shares | Market Value• ($000) | ||
* | Cadence Design Systems Inc. | 35,573 | 5,387 |
* | Datadog Inc. Class A | 32,911 | 5,302 |
HP Inc. | 149,158 | 5,125 | |
* | Crowdstrike Holdings Inc. Class A | 25,491 | 4,976 |
Microchip Technology Inc. | 70,511 | 4,959 | |
* | Match Group Inc. | 36,547 | 4,075 |
Corning Inc. | 98,378 | 3,974 | |
* | Cloudflare Inc. Class A | 33,360 | 3,884 |
* | Twilio Inc. Class A | 21,533 | 3,764 |
* | Zoom Video Communications Inc. Class A | 28,155 | 3,733 |
* | ANSYS Inc. | 11,268 | 3,653 |
* | Twitter Inc. | 100,873 | 3,586 |
* | ON Semiconductor Corp. | 54,692 | 3,424 |
VMware Inc. Class A | 28,815 | 3,381 | |
* | MongoDB Inc. Class A | 8,202 | 3,133 |
* | HubSpot Inc. | 5,804 | 3,047 |
CDW Corp. | 17,510 | 3,020 | |
* | Okta Inc. | 16,274 | 2,976 |
* | DocuSign Inc. Class A | 24,893 | 2,948 |
Skyworks Solutions Inc. | 21,290 | 2,942 | |
* | Gartner Inc. | 10,321 | 2,894 |
* | VeriSign Inc. | 12,577 | 2,688 |
Monolithic Power Systems Inc. | 5,822 | 2,671 | |
Hewlett Packard Enterprise Co. | 165,722 | 2,638 | |
* | Palantir Technologies Inc. Class A | 214,217 | 2,538 |
Teradyne Inc. | 21,030 | 2,480 | |
* | Splunk Inc. | 20,860 | 2,464 |
* | Zscaler Inc. | 10,061 | 2,406 |
Entegris Inc. | 17,462 | 2,278 | |
NetApp Inc. | 28,900 | 2,265 | |
* | Tyler Technologies Inc. | 5,228 | 2,239 |
* | Akamai Technologies Inc. | 20,626 | 2,233 |
* | Paycom Software Inc. | 6,582 | 2,233 |
SS&C Technologies Holdings Inc. | 29,043 | 2,177 | |
NortonLifeLock Inc. | 71,124 | 2,061 | |
* | Unity Software Inc. | 19,257 | 2,050 |
* | Nuance Communications Inc. | 36,912 | 2,049 |
* | Western Digital Corp. | 40,191 | 2,047 |
* | DoorDash Inc. Class A | 19,044 | 1,999 |
* | Qorvo Inc. | 14,364 | 1,965 |
* | Pinterest Inc. Class A | 73,065 | 1,954 |
Leidos Holdings Inc. | 18,249 | 1,858 | |
* | GoDaddy Inc. Class A | 21,725 | 1,812 |
* | Zendesk Inc. | 15,414 | 1,798 |
* | Dell Technologies Inc. Class C | 35,061 | 1,787 |
Citrix Systems Inc. | 16,002 | 1,640 | |
* | F5 Inc. | 7,795 | 1,566 |
* | Wolfspeed Inc. | 14,977 | 1,538 |
* | PTC Inc. | 13,624 | 1,516 |
* | EPAM Systems Inc. | 6,959 | 1,446 |
* | Globant SA | 5,195 | 1,423 |
* | RingCentral Inc. Class A | 10,543 | 1,379 |
Amdocs Ltd. | 16,838 | 1,325 | |
* | Aspen Technology Inc. | 8,572 | 1,306 |
* | Ceridian HCM Holding Inc. | 16,793 | 1,224 |
* | Avalara Inc. | 10,976 | 1,141 |
* | Coupa Software Inc. | 9,397 | 1,137 |
Shares | Market Value• ($000) | ||
* | IAC/InterActiveCorp. | 9,842 | 1,129 |
* | Dynatrace Inc. | 25,280 | 1,123 |
* | Black Knight Inc. | 19,757 | 1,110 |
* | DXC Technology Co. | 32,493 | 1,106 |
Jabil Inc. | 19,092 | 1,104 | |
Concentrix Corp. | 5,503 | 1,100 | |
* | Manhattan Associates Inc. | 8,165 | 1,092 |
* | Arrow Electronics Inc. | 8,723 | 1,063 |
* | Guidewire Software Inc. | 10,846 | 956 |
* | Five9 Inc. | 8,638 | 950 |
* | Pure Storage Inc. Class A | 34,372 | 892 |
Universal Display Corp. | 5,589 | 866 | |
* | Dropbox Inc. Class A | 38,094 | 864 |
* | Anaplan Inc. | 18,081 | 857 |
* | CACI International Inc. Class A | 2,981 | 834 |
* | Elastic NV | 9,611 | 833 |
* | Clarivate plc | 55,466 | 831 |
Azenta Inc. | 9,333 | 817 | |
* | Smartsheet Inc. Class A | 15,006 | 798 |
* | Nutanix Inc. Class A | 26,856 | 717 |
* | Teradata Corp. | 14,126 | 706 |
CDK Global Inc. | 15,530 | 704 | |
Bentley Systems Inc. Class B | 17,862 | 686 | |
* | Change Healthcare Inc. | 31,901 | 683 |
National Instruments Corp. | 16,906 | 679 | |
* | NCR Corp. | 16,537 | 670 |
Science Applications International Corp. | 7,612 | 668 | |
* | Cirrus Logic Inc. | 7,441 | 646 |
Dolby Laboratories Inc. Class A | 8,329 | 626 | |
* | Wix.com Ltd. | 6,827 | 625 |
* | IPG Photonics Corp. | 4,727 | 616 |
* | Mandiant Inc. | 30,658 | 607 |
TD SYNNEX Corp. | 5,391 | 549 | |
Vertiv Holdings Co. Class A | 41,187 | 536 | |
Avnet Inc. | 12,707 | 535 | |
* | Procore Technologies Inc. | 7,862 | 513 |
* | Kyndryl Holdings Inc. | 29,168 | 463 |
* | Alteryx Inc. Class A | 7,408 | 462 |
Pegasystems Inc. | 5,173 | 451 | |
* | New Relic Inc. | 6,634 | 439 |
* | GLOBALFOUNDRIES Inc. | 6,827 | 415 |
Switch Inc. Class A | 14,617 | 380 | |
* | Dun & Bradstreet Holdings Inc. | 20,385 | 378 |
Xerox Holdings Corp. | 18,448 | 364 | |
* | nCino Inc. | 7,176 | 330 |
McAfee Corp.Class A | 10,766 | 280 | |
* | Fastly Inc. Class A | 13,576 | 253 |
* | Jamf Holding Corp. | 7,322 | 250 |
* | Vimeo Inc. | 18,358 | 238 |
* | Duck Creek Technologies Inc. | 9,227 | 217 |
* | Everbridge Inc. | 5,082 | 201 |
* | DoubleVerify Holdings Inc. | 6,958 | 192 |
* | C3.ai Inc. Class A | 7,939 | 178 |
* | Allegro MicroSystems Inc. | 4,902 | 141 |
*,1 | Skillz Inc. Class A | 41,958 | 130 |
* | Thoughtworks Holding Inc. | 5,685 | 130 |
* | Paycor HCM Inc. | 4,426 | 124 |
* | Vroom Inc. | 14,872 | 90 |
* | Informatica Inc. Class A | 4,430 | 89 |
* | Datto Holding Corp. | 2,716 | 64 |
SolarWinds Corp. | 4,414 | 60 |
Shares | Market Value• ($000) | ||
* | N-able Inc. | 4,420 | 51 |
* | Toast Inc. Class A | 30 | 1 |
1,523,030 | |||
Telecommunications (2.8%) | |||
Cisco Systems Inc. | 546,519 | 30,479 | |
Verizon Communications Inc. | 536,009 | 28,768 | |
Comcast Corp. Class A | 589,514 | 27,566 | |
AT&T Inc. | 922,195 | 21,847 | |
* | Charter Communications Inc. Class A | 16,184 | 9,739 |
* | T-Mobile US Inc. | 76,287 | 9,399 |
Motorola Solutions Inc. | 21,544 | 4,749 | |
* | Arista Networks Inc. | 31,148 | 3,823 |
* | Liberty Broadband Corp. Class C | 19,884 | 2,917 |
* | Roku Inc. | 15,060 | 2,101 |
Juniper Networks Inc. | 42,072 | 1,422 | |
Lumen Technologies Inc. | 132,596 | 1,374 | |
* | Ciena Corp. | 19,869 | 1,359 |
* | DISH Network Corp. Class A | 32,213 | 1,029 |
Cable One Inc. | 692 | 992 | |
* | Lumentum Holdings Inc. | 9,251 | 915 |
* | ViaSat Inc. | 9,123 | 416 |
* | Altice USA Inc. Class A | 27,272 | 315 |
* | CommScope Holding Co. Inc. | 25,669 | 245 |
Ubiquiti Inc. | 819 | 208 | |
* | Liberty Broadband Corp. Class A | 1,307 | 189 |
149,852 | |||
Utilities (2.7%) | |||
NextEra Energy Inc. | 253,376 | 19,832 | |
Duke Energy Corp. | 99,378 | 9,978 | |
Southern Co. | 136,572 | 8,846 | |
Dominion Energy Inc. | 103,944 | 8,267 | |
Waste Management Inc. | 54,452 | 7,863 | |
Sempra Energy (XNYS) | 41,395 | 5,970 | |
American Electric Power Co. Inc. | 64,474 | 5,844 | |
Exelon Corp. | 126,389 | 5,379 | |
Xcel Energy Inc. | 69,624 | 4,688 | |
Public Service Enterprise Group Inc. | 65,253 | 4,230 | |
Consolidated Edison Inc. | 45,840 | 3,932 | |
WEC Energy Group Inc. | 40,846 | 3,712 | |
Eversource Energy | 44,408 | 3,633 | |
American Water Works Co. Inc. | 23,460 | 3,545 | |
Republic Services Inc. Class A | 27,201 | 3,272 | |
Edison International | 48,166 | 3,055 | |
DTE Energy Co. | 24,912 | 3,029 | |
FirstEnergy Corp. | 70,112 | 2,934 |
Shares | Market Value• ($000) | ||
Ameren Corp. | 32,863 | 2,825 | |
Entergy Corp. | 25,833 | 2,718 | |
PPL Corp. | 96,961 | 2,537 | |
CMS Energy Corp. | 37,536 | 2,403 | |
* | PG&E Corp. | 196,218 | 2,231 |
CenterPoint Energy Inc. | 76,880 | 2,103 | |
Constellation Energy Corp. | 42,130 | 1,937 | |
Alliant Energy Corp. | 32,437 | 1,894 | |
Evergy Inc. | 29,554 | 1,844 | |
Atmos Energy Corp. | 16,745 | 1,839 | |
AES Corp. | 85,526 | 1,816 | |
NiSource Inc. | 50,269 | 1,454 | |
Vistra Corp. | 62,144 | 1,418 | |
Essential Utilities Inc. | 30,015 | 1,414 | |
NRG Energy Inc. | 31,495 | 1,192 | |
Pinnacle West Capital Corp. | 14,628 | 1,036 | |
UGI Corp. | 26,788 | 1,030 | |
OGE Energy Corp. | 25,941 | 974 | |
* | Sunrun Inc. | 26,582 | 725 |
National Fuel Gas Co. | 11,311 | 704 | |
* | Stericycle Inc. | 11,952 | 697 |
IDACORP Inc. | 6,505 | 676 | |
* | Clean Harbors Inc. | 6,561 | 626 |
Brookfield Renewable Corp. Class A | 16,573 | 619 | |
Hawaiian Electric Industries Inc. | 13,968 | 572 | |
Avangrid Inc. | 7,266 | 326 | |
145,619 | |||
Total Common Stocks (Cost $3,412,803) | 5,311,063 | ||
Temporary Cash Investments (0.1%) | |||
Money Market Fund (0.1%) | |||
2,3 | Vanguard Market Liquidity Fund, 0.138% (Cost $3,029) | 30,288 | 3,028 |
Total Investments (100.0%) (Cost $3,415,832) | 5,314,091 | ||
Other Assets and Liabilities—Net (0.0%) | (578) | ||
Net Assets (100%) | 5,313,513 | ||
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 $1,576,000. |
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 $1,672,000 was received for securities on loan. |
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 | March 2022 | 9 | 1,966 | 1 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $3,412,803) | 5,311,063 |
Affiliated Issuers (Cost $3,029) | 3,028 |
Total Investments in Securities | 5,314,091 |
Investment in Vanguard | 184 |
Cash Collateral Pledged—Futures Contracts | 100 |
Receivables for Investment Securities Sold | 18 |
Receivables for Accrued Income | 6,606 |
Receivables for Capital Shares Issued | 4 |
Total Assets | 5,321,003 |
Liabilities | |
Due to Custodian | 5,446 |
Collateral for Securities on Loan | 1,672 |
Payables for Capital Shares Redeemed | 224 |
Payables to Vanguard | 143 |
Variation Margin Payable—Futures Contracts | 5 |
Total Liabilities | 7,490 |
Net Assets | 5,313,513 |
At February 28, 2022, net assets consisted of: | |
Paid-in Capital | 3,386,848 |
Total Distributable Earnings (Loss) | 1,926,665 |
Net Assets | 5,313,513 |
ETF Shares—Net Assets | |
Applicable to 13,800,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,770,329 |
Net Asset Value Per Share—ETF Shares | $200.75 |
Institutional Shares—Net Assets | |
Applicable to 6,539,504 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,543,184 |
Net Asset Value Per Share—Institutional Shares | $388.90 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 36,312 |
Interest2 | 5 |
Securities Lending—Net | 54 |
Total Income | 36,371 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 285 |
Management and Administrative—ETF Shares | 832 |
Management and Administrative—Institutional Shares | 692 |
Marketing and Distribution—ETF Shares | 53 |
Marketing and Distribution—Institutional Shares | 53 |
Custodian Fees | 116 |
Shareholders’ Reports—ETF Shares | 22 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 8 |
Total Expenses | 2,063 |
Net Investment Income | 34,308 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 114,929 |
Futures Contracts | (86) |
Realized Net Gain (Loss) | 114,843 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (376,686) |
Futures Contracts | (64) |
Change in Unrealized Appreciation (Depreciation) | (376,750) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (227,599) |
1 | Dividends are net of foreign withholding taxes of $12,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $4,000, ($2,000), less than $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $123,560,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 34,308 | 62,518 | |
Realized Net Gain (Loss) | 114,843 | 422,041 | |
Change in Unrealized Appreciation (Depreciation) | (376,750) | 811,144 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (227,599) | 1,295,703 | |
Distributions | |||
ETF Shares | (18,870) | (28,487) | |
Institutional Shares | (18,638) | (33,459) | |
Total Distributions | (37,508) | (61,946) | |
Capital Share Transactions | |||
ETF Shares | 225,306 | 414,276 | |
Institutional Shares | (150,065) | (346,204) | |
Net Increase (Decrease) from Capital Share Transactions | 75,241 | 68,072 | |
Total Increase (Decrease) | (189,866) | 1,301,829 | |
Net Assets | |||
Beginning of Period | 5,503,379 | 4,201,550 | |
End of Period | 5,313,513 | 5,503,379 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $210.32 | $161.36 | $134.37 | $133.57 | $113.60 | $99.81 |
Investment Operations | ||||||
Net Investment Income1 | 1.293 | 2.459 | 2.525 | 2.395 | 2.209 | 2.054 |
Net Realized and Unrealized Gain (Loss) on Investments | (9.439) | 48.925 | 27.028 | .759 | 19.896 | 13.753 |
Total from Investment Operations | (8.146) | 51.384 | 29.553 | 3.154 | 22.105 | 15.807 |
Distributions | ||||||
Dividends from Net Investment Income | (1.424) | (2.424) | (2.563) | (2.354) | (2.135) | (2.017) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.424) | (2.424) | (2.563) | (2.354) | (2.135) | (2.017) |
Net Asset Value, End of Period | $200.75 | $210.32 | $161.36 | $134.37 | $133.57 | $113.60 |
Total Return | -3.90% | 32.14% | 22.39% | 2.45% | 19.68% | 16.02% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,770 | $2,682 | $1,678 | $1,196 | $1,008 | $724 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.12% | 0.12% |
Ratio of Net Investment Income to Average Net Assets | 1.24% | 1.34% | 1.79% | 1.85% | 1.78% | 1.94% |
Portfolio Turnover Rate2 | 3% | 6% | 9% | 6% | 9% | 11% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $407.44 | $312.59 | $260.26 | $258.75 | $220.06 | $193.36 |
Investment Operations | ||||||
Net Investment Income1 | 2.528 | 4.807 | 4.927 | 4.645 | 4.345 | 4.080 |
Net Realized and Unrealized Gain (Loss) on Investments | (18.296) | 94.766 | 52.362 | 1.483 | 38.573 | 26.609 |
Total from Investment Operations | (15.768) | 99.573 | 57.289 | 6.128 | 42.918 | 30.689 |
Distributions | ||||||
Dividends from Net Investment Income | (2.772) | (4.723) | (4.959) | (4.618) | (4.228) | (3.989) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.772) | (4.723) | (4.959) | (4.618) | (4.228) | (3.989) |
Net Asset Value, End of Period | $388.90 | $407.44 | $312.59 | $260.26 | $258.75 | $220.06 |
Total Return | -3.90% | 32.16% | 22.45% | 2.45% | 19.72% | 16.06% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,543 | $2,822 | $2,523 | $2,323 | $2,134 | $2,014 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.25% | 1.36% | 1.81% | 1.86% | 1.82% | 1.98% |
Portfolio Turnover Rate2 | 3% | 6% | 9% | 6% | 9% | 11% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 5,311,025 | 38 | — | 5,311,063 |
Temporary Cash Investments | 3,028 | — | — | 3,028 |
Total | 5,314,053 | 38 | — | 5,314,091 |
Derivative Financial Instruments | ||||
Assets | ||||
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. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 3,424,667 |
Gross Unrealized Appreciation | 2,033,894 |
Gross Unrealized Depreciation | (144,469) |
Net Unrealized Appreciation (Depreciation) | 1,889,425 |
E. | During the six months ended February 28, 2022, the fund purchased $418,701,000 of investment securities and sold $343,888,000 of investment securities, other than temporary cash investments. Purchases and sales include $249,701,000 and $204,642,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 433,056 | 2,050 | 1,203,957 | 6,875 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (207,750) | (1,000) | (789,681) | (4,525) | |
Net Increase (Decrease)—ETF Shares | 225,306 | 1,050 | 414,276 | 2,350 | |
Institutional Shares | |||||
Issued | 211,494 | 506 | 416,311 | 1,158 | |
Issued in Lieu of Cash Distributions | 17,462 | 43 | 31,627 | 93 | |
Redeemed | (379,021) | (935) | (794,142) | (2,397) | |
Net Increase (Decrease)—Institutional Shares | (150,065) | (386) | (346,204) | (1,146) |
G. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
Basic Materials | 2.6% |
Consumer Discretionary | 9.3 |
Consumer Staples | 7.6 |
Energy | 6.7 |
Financials | 20.9 |
Health Care | 16.5 |
Industrials | 13.1 |
Real Estate | 4.8 |
Technology | 7.9 |
Telecommunications | 5.1 |
Utilities | 5.5 |
Shares | Market Value• ($000) | ||
Common Stocks (99.8%) | |||
Basic Materials (2.6%) | |||
Newmont Corp. | 356,442 | 23,596 | |
Air Products and Chemicals Inc. | 98,487 | 23,272 | |
Freeport-McMoRan Inc. | 461,178 | 21,652 | |
Dow Inc. | 308,916 | 18,214 | |
Nucor Corp. | 127,035 | 16,720 | |
International Flavors & Fragrances Inc. | 113,060 | 15,037 | |
Albemarle Corp. | 51,695 | 10,127 | |
LyondellBasell Industries NV Class A | 102,383 | 9,955 | |
Mosaic Co. | 166,166 | 8,712 | |
CF Industries Holdings Inc. | 95,516 | 7,755 | |
International Paper Co. | 173,210 | 7,540 | |
Eastman Chemical Co. | 59,164 | 7,009 | |
Alcoa Corp. | 83,620 | 6,300 | |
Reliance Steel & Aluminum Co. | 27,496 | 5,248 | |
FMC Corp. | 42,362 | 4,967 | |
Steel Dynamics Inc. | 68,539 | 4,838 | |
* | Cleveland-Cliffs Inc. | 204,535 | 4,573 |
Celanese Corp. Class A | 30,662 | 4,271 | |
Huntsman Corp. | 90,654 | 3,666 | |
Royal Gold Inc. | 29,245 | 3,546 | |
US Steel Corp. | 118,230 | 3,217 | |
Olin Corp. | 59,080 | 3,043 | |
Avery Dennison Corp. | 17,264 | 3,042 | |
Valvoline Inc. | 80,632 | 2,607 | |
Element Solutions Inc. | 104,002 | 2,556 | |
Ecolab Inc. | 13,467 | 2,374 | |
* | Univar Solutions Inc. | 75,572 | 2,321 |
Ashland Global Holdings Inc. | 24,627 | 2,273 | |
Hexcel Corp. | 37,573 | 2,175 | |
Timken Co. | 29,223 | 1,916 | |
Fastenal Co. | 29,538 | 1,520 | |
Westlake Corp. | 11,064 | ��1,220 | |
Chemours Co. | 34,318 | 947 | |
NewMarket Corp. | 2,957 | 940 | |
* | Sylvamo Corp. | 16,036 | 560 |
Southern Copper Corp. | 2,985 | 207 | |
237,916 | |||
Consumer Discretionary (9.3%) | |||
* | Walt Disney Co. | 766,766 | 113,834 |
Walmart Inc. | 638,608 | 86,314 | |
McDonald's Corp. | 273,354 | 66,909 | |
Ford Motor Co. | 1,743,826 | 30,622 |
Shares | Market Value• ($000) | ||
* | General Motors Co. | 611,357 | 28,563 |
Activision Blizzard Inc. | 343,958 | 28,033 | |
Target Corp. | 119,890 | 23,950 | |
Electronic Arts Inc. | 126,168 | 16,413 | |
Yum! Brands Inc. | 119,369 | 14,632 | |
* | Dollar Tree Inc. | 99,057 | 14,074 |
* | AutoZone Inc. | 7,343 | 13,683 |
* | O'Reilly Automotive Inc. | 20,613 | 13,383 |
* | Aptiv plc | 98,019 | 12,688 |
Dollar General Corp. | 59,410 | 11,783 | |
* | Southwest Airlines Co. | 264,034 | 11,565 |
Lennar Corp. Class A | 117,845 | 10,592 | |
Yum China Holdings Inc. | 174,801 | 9,093 | |
Best Buy Co. Inc. | 83,696 | 8,088 | |
Omnicom Group Inc. | 94,333 | 7,914 | |
* | Royal Caribbean Cruises Ltd. | 96,690 | 7,805 |
* | Carnival Corp. | 379,590 | 7,717 |
Paramount Global Class B | 251,597 | 7,701 | |
MGM Resorts International | 171,967 | 7,616 | |
Genuine Parts Co. | 61,704 | 7,538 | |
Garmin Ltd. | 67,450 | 7,449 | |
DR Horton Inc. | 85,930 | 7,338 | |
* | CarMax Inc. | 65,505 | 7,162 |
Costco Wholesale Corp. | 12,843 | 6,669 | |
* | Take-Two Interactive Software Inc. | 40,898 | 6,625 |
* | United Airlines Holdings Inc. | 143,834 | 6,386 |
Interpublic Group of Cos. Inc. | 172,554 | 6,350 | |
* | Hilton Worldwide Holdings Inc. | 39,882 | 5,937 |
Fox Corp. Class A | 140,485 | 5,877 | |
Advance Auto Parts Inc. | 27,863 | 5,697 | |
LKQ Corp. | 120,376 | 5,652 | |
Hasbro Inc. | 56,649 | 5,498 | |
* | Liberty Media Corp.-Liberty Formula One Class C | 88,520 | 5,376 |
Whirlpool Corp. | 26,490 | 5,332 | |
* | American Airlines Group Inc. | 284,560 | 4,909 |
* | Live Nation Entertainment Inc. | 38,354 | 4,634 |
Tapestry Inc. | 112,360 | 4,596 | |
* | Capri Holdings Ltd. | 64,690 | 4,382 |
BorgWarner Inc. (XNYS) | 106,786 | 4,379 | |
Service Corp. International | 71,491 | 4,350 | |
Lear Corp. | 26,715 | 4,203 | |
Newell Brands Inc. | 170,193 | 4,042 |
Shares | Market Value• ($000) | ||
Lithia Motors Inc. Class A | 11,793 | 4,019 | |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 76,823 | 3,866 |
PulteGroup Inc. | 77,563 | 3,852 | |
Aramark | 103,690 | 3,832 | |
* | Discovery Inc. Class C | 136,507 | 3,818 |
News Corp. Class A | 170,484 | 3,805 | |
* | Uber Technologies Inc. | 104,754 | 3,774 |
Kohl's Corp. | 65,752 | 3,657 | |
* | Penn National Gaming Inc. | 69,049 | 3,546 |
New York Times Co. Class A | 74,446 | 3,275 | |
Gentex Corp. | 106,549 | 3,225 | |
* | Rivian Automotive Inc. Class A | 46,882 | 3,167 |
* | Norwegian Cruise Line Holdings Ltd. | 161,684 | 3,151 |
PVH Corp. | 32,096 | 3,142 | |
Nexstar Media Group Inc. Class A | 16,679 | 3,086 | |
* | Alaska Air Group Inc. | 54,489 | 3,059 |
* | Deckers Outdoor Corp. | 10,547 | 3,044 |
Dick's Sporting Goods Inc. | 28,332 | 2,975 | |
* | Caesars Entertainment Inc. | 34,987 | 2,946 |
VF Corp. | 49,965 | 2,899 | |
Marriott Vacations Worldwide Corp. | 17,846 | 2,867 | |
Harley-Davidson Inc. | 67,656 | 2,794 | |
Darden Restaurants Inc. | 18,862 | 2,739 | |
Ralph Lauren Corp. Class A | 20,567 | 2,716 | |
Nielsen Holdings plc | 153,880 | 2,681 | |
Fox Corp. Class B | 68,231 | 2,611 | |
Bath & Body Works Inc. | 45,696 | 2,439 | |
* | Skechers USA Inc. Class A | 52,291 | 2,404 |
1 | Sirius XM Holdings Inc. | 389,602 | 2,400 |
* | NVR Inc. | 472 | 2,340 |
Domino's Pizza Inc. | 5,274 | 2,279 | |
AMERCO | 3,926 | 2,268 | |
Leggett & Platt Inc. | 59,664 | 2,212 | |
* | Terminix Global Holdings Inc. | 51,942 | 2,211 |
* | Zynga Inc. Class A | 239,623 | 2,176 |
* | Wayfair Inc. Class A | 15,195 | 2,141 |
*,1 | Discovery Inc. Class A | 75,948 | 2,130 |
* | Hyatt Hotels Corp. Class A | 21,624 | 2,100 |
* | Boyd Gaming Corp. | 29,430 | 2,088 |
* | AutoNation Inc. | 18,093 | 2,075 |
* | JetBlue Airways Corp. | 132,528 | 2,024 |
Carter's Inc. | 18,265 | 1,766 | |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 34,758 | 1,750 |
* | SiteOne Landscape Supply Inc. | 9,549 | 1,647 |
* | Grand Canyon Education Inc. | 18,217 | 1,582 |
Columbia Sportswear Co. | 16,845 | 1,562 | |
Toll Brothers Inc. | 28,237 | 1,532 | |
* | Under Armour Inc. Class C | 93,105 | 1,455 |
* | Coty Inc. Class A | 158,085 | 1,450 |
* | Under Armour Inc. Class A | 78,132 | 1,398 |
Wyndham Hotels & Resorts Inc. | 15,747 | 1,361 | |
Penske Automotive Group Inc. | 13,796 | 1,356 | |
Gap Inc. | 92,360 | 1,344 | |
Thor Industries Inc. | 14,630 | 1,324 | |
Foot Locker Inc. | 40,856 | 1,292 | |
* | Copa Holdings SA Class A | 14,904 | 1,264 |
Shares | Market Value• ($000) | ||
News Corp. Class B | 53,694 | 1,204 | |
* | Ollie's Bargain Outlet Holdings Inc. | 27,886 | 1,204 |
Williams-Sonoma Inc. | 7,971 | 1,155 | |
* | Planet Fitness Inc. Class A | 12,076 | 1,022 |
Hanesbrands Inc. | 65,442 | 1,011 | |
* | Six Flags Entertainment Corp. | 22,795 | 995 |
* | Madison Square Garden Sports Corp. | 5,545 | 959 |
Polaris Inc. | 7,712 | 937 | |
Qurate Retail Inc. Series A | 158,131 | 871 | |
* | Victoria's Secret & Co. | 14,133 | 758 |
* | Driven Brands Holdings Inc. | 23,703 | 696 |
* | Bright Horizons Family Solutions Inc. | 5,048 | 659 |
Lennar Corp. Class B | 8,130 | 614 | |
* | Liberty Media Corp.- Liberty Formula One Class A | 10,649 | 598 |
Travel + Leisure Co. | 10,513 | 589 | |
* | Figs Inc. Class A | 33,970 | 558 |
* | QuantumScape Corp. Class A | 29,566 | 477 |
* | Chegg Inc. | 14,578 | 456 |
* | TripAdvisor Inc. | 16,694 | 425 |
* | Petco Health & Wellness Co. Inc. Class A | 23,496 | 412 |
* | Burlington Stores Inc. | 1,768 | 399 |
Paramount Global Class A | 11,416 | 389 | |
H&R Block Inc. | 15,224 | 378 | |
* | frontdoor Inc. | 9,720 | 292 |
Rollins Inc. | 6,422 | 210 | |
* | Leslie's Inc. | 9,638 | 205 |
* | Nordstrom Inc. | 8,310 | 172 |
* | Mister Car Wash Inc. | 9,698 | 155 |
World Wrestling Entertainment Inc. Class A | 2,562 | 152 | |
841,221 | |||
Consumer Staples (7.6%) | |||
Procter & Gamble Co. | 1,072,142 | 167,136 | |
Philip Morris International Inc. | 693,104 | 70,052 | |
CVS Health Corp. | 585,799 | 60,718 | |
Mondelez International Inc. Class A | 620,850 | 40,653 | |
Coca-Cola Co. | 508,635 | 31,657 | |
Archer-Daniels-Midland Co. | 247,430 | 19,411 | |
Altria Group Inc. | 366,831 | 18,815 | |
General Mills Inc. | 271,925 | 18,336 | |
PepsiCo Inc. | 104,599 | 17,127 | |
Corteva Inc. | 323,850 | 16,850 | |
McKesson Corp. | 58,349 | 16,044 | |
Kroger Co. | 328,606 | 15,379 | |
Constellation Brands Inc. Class A | 69,206 | 14,922 | |
Walgreens Boots Alliance Inc. | 319,328 | 14,718 | |
Colgate-Palmolive Co. | 174,439 | 13,423 | |
Kraft Heinz Co. | 309,339 | 12,132 | |
Keurig Dr Pepper Inc. | 310,983 | 12,026 | |
Tyson Foods Inc. Class A | 127,809 | 11,843 | |
McCormick & Co. Inc. | 111,321 | 10,594 | |
Church & Dwight Co. Inc. | 103,034 | 10,082 | |
Kimberly-Clark Corp. | 74,573 | 9,706 |
Shares | Market Value• ($000) | ||
AmerisourceBergen Corp. Class A | 66,229 | 9,440 | |
Conagra Brands Inc. | 207,086 | 7,242 | |
Bunge Ltd. | 61,266 | 6,405 | |
J M Smucker Co. | 46,374 | 6,249 | |
Hormel Foods Corp. | 124,985 | 5,954 | |
* | Darling Ingredients Inc. | 68,515 | 4,966 |
Molson Coors Beverage Co. Class B | 78,550 | 4,099 | |
Kellogg Co. | 61,539 | 3,935 | |
Campbell Soup Co. | 86,444 | 3,887 | |
* | US Foods Holding Corp | 99,297 | 3,882 |
Casey's General Stores Inc. | 16,428 | 3,090 | |
Lamb Weston Holdings Inc. | 45,858 | 3,046 | |
* | Post Holdings Inc. | 25,885 | 2,722 |
Brown-Forman Corp. Class B | 41,365 | 2,698 | |
Ingredion Inc. | 29,898 | 2,653 | |
Flowers Foods Inc. | 83,847 | 2,298 | |
Albertsons Cos. Inc. Class A | 69,939 | 2,039 | |
Hershey Co. | 9,091 | 1,839 | |
Spectrum Brands Holdings Inc. | 19,168 | 1,778 | |
Clorox Co. | 10,684 | 1,558 | |
* | Hain Celestial Group Inc. | 39,260 | 1,427 |
* | Herbalife Nutrition Ltd. | 37,271 | 1,326 |
* | Grocery Outlet Holding Corp. | 40,961 | 1,139 |
* | Monster Beverage Corp. | 12,288 | 1,037 |
Reynolds Consumer Products Inc. | 22,863 | 681 | |
Brown-Forman Corp. Class A | 9,672 | 590 | |
* | Olaplex Holdings Inc. | 27,798 | 466 |
Seaboard Corp. | 103 | 398 | |
* | Pilgrim's Pride Corp. | 11,763 | 277 |
*,1 | Beyond Meat Inc. | 4,056 | 190 |
688,935 | |||
Energy (6.7%) | |||
Exxon Mobil Corp. | 1,885,650 | 147,873 | |
Chevron Corp. | 861,598 | 124,070 | |
ConocoPhillips | 587,005 | 55,683 | |
EOG Resources Inc. | 228,801 | 26,294 | |
Schlumberger NV | 622,404 | 24,423 | |
Marathon Petroleum Corp. | 273,142 | 21,269 | |
Devon Energy Corp. | 300,201 | 17,877 | |
Williams Cos. Inc. | 540,418 | 16,904 | |
Phillips 66 | 194,290 | 16,367 | |
Valero Energy Corp. | 181,412 | 15,150 | |
Kinder Morgan Inc. | 864,930 | 15,050 | |
Occidental Petroleum Corp. | 327,320 | 14,314 | |
ONEOK Inc. | 197,767 | 12,914 | |
Pioneer Natural Resources Co. | 53,346 | 12,782 | |
Halliburton Co. | 372,390 | 12,486 | |
Hess Corp. | 114,504 | 11,572 | |
Baker Hughes Co. Class A | 327,803 | 9,631 | |
Marathon Oil Corp. | 345,832 | 7,802 | |
Coterra Energy Inc. | 295,395 | 6,891 | |
Targa Resources Corp. | 100,820 | 6,591 | |
Diamondback Energy Inc. | 42,011 | 5,802 | |
APA Corp. | 160,328 | 5,712 | |
* | First Solar Inc. | 46,753 | 3,520 |
EQT Corp. | 137,026 | 3,171 | |
NOV Inc. | 174,558 | 2,994 |
Shares | Market Value• ($000) | ||
DTE Midstream LLC | 43,480 | 2,309 | |
HollyFrontier Corp. | 67,188 | 2,046 | |
Antero Midstream Corp. | 153,302 | 1,539 | |
*,1 | ChargePoint Holdings Inc. | 100,682 | 1,462 |
Continental Resources Inc. | 25,409 | 1,408 | |
* | Shoals Technologies Group Inc. Class A | 46,632 | 737 |
* | Fluence Energy Inc. | 6,611 | 89 |
606,732 | |||
Financials (20.8%) | |||
* | Berkshire Hathaway Inc. Class B | 817,087 | 262,653 |
JPMorgan Chase & Co. | 1,307,750 | 185,439 | |
Bank of America Corp. | 3,207,619 | 141,777 | |
Wells Fargo & Co. | 1,780,808 | 95,042 | |
Charles Schwab Corp. | 669,278 | 56,527 | |
Morgan Stanley | 595,775 | 54,061 | |
Citigroup Inc. | 883,595 | 52,335 | |
BlackRock Inc. | 63,590 | 47,304 | |
Goldman Sachs Group Inc. | 136,898 | 46,722 | |
Chubb Ltd. | 190,706 | 38,835 | |
CME Group Inc. | 159,639 | 37,759 | |
PNC Financial Services Group Inc. | 189,012 | 37,661 | |
Truist Financial Corp. | 597,715 | 37,190 | |
US Bancorp | 597,448 | 33,780 | |
Intercontinental Exchange Inc. | 247,740 | 31,740 | |
Marsh & McLennan Cos. Inc. | 199,304 | 30,974 | |
S&P Global Inc. | 78,387 | 29,450 | |
Progressive Corp. | 260,326 | 27,576 | |
American International Group Inc. | 369,365 | 22,620 | |
MetLife Inc. | 316,480 | 21,378 | |
Prudential Financial Inc. | 168,534 | 18,819 | |
Travelers Cos. Inc. | 109,409 | 18,800 | |
Bank of New York Mellon Corp. | 336,903 | 17,906 | |
Aflac Inc. | 290,053 | 17,719 | |
Allstate Corp. | 127,313 | 15,578 | |
* | SVB Financial Group | 25,165 | 15,250 |
KKR & Co. Inc. | 248,306 | 14,928 | |
Fifth Third Bancorp | 301,651 | 14,431 | |
Arthur J Gallagher & Co. | 91,085 | 14,409 | |
State Street Corp. | 162,230 | 13,843 | |
First Republic Bank | 79,212 | 13,724 | |
Willis Towers Watson plc | 55,210 | 12,273 | |
Aon plc Class A (XNYS) | 40,013 | 11,689 | |
Hartford Financial Services Group Inc. | 150,981 | 10,490 | |
M&T Bank Corp. | 56,963 | 10,380 | |
Regions Financial Corp. | 428,965 | 10,377 | |
Northern Trust Corp. | 90,984 | 10,363 | |
KeyCorp | 412,621 | 10,344 | |
Huntington Bancshares Inc. | 636,731 | 9,882 | |
T Rowe Price Group Inc. | 66,721 | 9,645 | |
Signature Bank | 26,398 | 9,104 | |
Nasdaq Inc. | 51,851 | 8,874 | |
Raymond James Financial Inc. | 78,151 | 8,569 | |
Principal Financial Group Inc. | 116,795 | 8,250 | |
Citizens Financial Group Inc. | 157,164 | 8,239 | |
Cincinnati Financial Corp. | 66,749 | 8,196 |
Shares | Market Value• ($000) | ||
Ally Financial Inc. | 153,657 | 7,668 | |
Discover Financial Services | 58,561 | 7,229 | |
Ameriprise Financial Inc. | 22,086 | 6,621 | |
Brown & Brown Inc. | 97,892 | 6,618 | |
* | Markel Corp. | 5,007 | 6,223 |
* | Arch Capital Group Ltd. | 125,053 | 5,891 |
Loews Corp. | 94,223 | 5,780 | |
Fidelity National Financial Inc. | 120,624 | 5,747 | |
First Horizon Corp. | 243,324 | 5,713 | |
W R Berkley Corp. | 61,503 | 5,554 | |
Comerica Inc. | 57,910 | 5,530 | |
Cboe Global Markets Inc. | 47,027 | 5,516 | |
East West Bancorp Inc. | 62,515 | 5,474 | |
Equitable Holdings Inc. | 158,202 | 5,167 | |
MSCI Inc. Class A | 10,291 | 5,163 | |
Zions Bancorp NA | 67,797 | 4,806 | |
Webster Financial Corp. | 79,465 | 4,785 | |
Lincoln National Corp. | 68,027 | 4,586 | |
Globe Life Inc. | 44,740 | 4,517 | |
Assurant Inc. | 25,445 | 4,318 | |
Annaly Capital Management Inc. | 618,564 | 4,305 | |
First Citizens BancShares Inc. Class A | 5,317 | 4,192 | |
American Financial Group Inc. | 30,039 | 4,067 | |
Tradeweb Markets Inc. Class A | 46,825 | 3,956 | |
People's United Financial Inc. | 186,789 | 3,938 | |
Everest Re Group Ltd. | 13,200 | 3,937 | |
Franklin Resources Inc. | 129,559 | 3,852 | |
Apollo Global Management Inc. | 58,507 | 3,818 | |
Cullen/Frost Bankers Inc. | 25,259 | 3,555 | |
Commerce Bancshares Inc. | 48,048 | 3,449 | |
Jefferies Financial Group Inc. | 96,821 | 3,441 | |
Carlyle Group Inc. | 73,041 | 3,423 | |
* | Alleghany Corp. | 5,149 | 3,408 |
Pinnacle Financial Partners Inc. | 33,358 | 3,372 | |
Voya Financial Inc. | 49,893 | 3,360 | |
Reinsurance Group of America Inc. | 30,126 | 3,340 | |
Stifel Financial Corp. | 45,182 | 3,321 | |
Old Republic International Corp. | 123,490 | 3,254 | |
Popular Inc. | 35,269 | 3,239 | |
First American Financial Corp. | 48,114 | 3,226 | |
Invesco Ltd. | 147,459 | 3,132 | |
Synovus Financial Corp. | 58,930 | 3,103 | |
Starwood Property Trust Inc. | 130,129 | 3,102 | |
AGNC Investment Corp. | 233,251 | 3,011 | |
Prosperity Bancshares Inc. | 39,075 | 2,910 | |
SEI Investments Co. | 48,547 | 2,844 | |
PacWest Bancorp | 52,589 | 2,599 | |
Bank OZK | 55,026 | 2,587 | |
OneMain Holdings Inc. | 50,720 | 2,586 | |
Unum Group | 91,748 | 2,562 | |
Wintrust Financial Corp. | 25,443 | 2,528 | |
Janus Henderson Group plc | 74,481 | 2,500 |
Shares | Market Value• ($000) | ||
Affiliated Managers Group Inc. | 18,017 | 2,493 | |
SLM Corp. | 126,397 | 2,490 | |
Interactive Brokers Group Inc. Class A | 35,805 | 2,370 | |
New York Community Bancorp Inc. | 200,288 | 2,311 | |
Primerica Inc. | 17,521 | 2,276 | |
Hanover Insurance Group Inc. | 15,962 | 2,227 | |
MGIC Investment Corp. | 145,729 | 2,212 | |
Evercore Inc. Class A | 16,506 | 2,096 | |
FNB Corp. | 150,845 | 2,026 | |
New Residential Investment Corp. | 194,677 | 2,021 | |
Western Alliance Bancorp | 21,355 | 2,002 | |
Umpqua Holdings Corp. | 93,322 | 1,992 | |
Assured Guaranty Ltd. | 30,674 | 1,901 | |
Axis Capital Holdings Ltd. | 34,582 | 1,889 | |
* | Brighthouse Financial Inc. | 36,135 | 1,888 |
* | Credit Acceptance Corp. | 3,345 | 1,840 |
First Hawaiian Inc. | 59,032 | 1,716 | |
RenaissanceRe Holdings Ltd. | 11,224 | 1,692 | |
Lazard Ltd. Class A | 45,967 | 1,590 | |
Bank of Hawaii Corp. | 18,326 | 1,579 | |
Kemper Corp. | 27,706 | 1,481 | |
Virtu Financial Inc. Class A | 39,507 | 1,386 | |
White Mountains Insurance Group Ltd. | 1,295 | 1,360 | |
BOK Financial Corp. | 12,912 | 1,326 | |
Moody's Corp. | 3,847 | 1,239 | |
FactSet Research Systems Inc. | 2,428 | 986 | |
Broadridge Financial Solutions Inc. | 5,002 | 731 | |
Ares Management Corp. Class A | 8,106 | 657 | |
Mercury General Corp. | 11,175 | 615 | |
Erie Indemnity Co. Class A | 3,386 | 593 | |
CNA Financial Corp. | 12,419 | 568 | |
*,1 | Lemonade Inc. | 16,606 | 423 |
TFS Financial Corp. | 22,180 | 381 | |
Morningstar Inc. | 1,052 | 295 | |
UWM Holdings Corp. | 16,211 | 70 | |
1,884,450 | |||
Health Care (16.5%) | |||
Johnson & Johnson | 1,173,638 | 193,146 | |
UnitedHealth Group Inc. | 389,953 | 185,567 | |
Pfizer Inc. | 2,484,912 | 116,642 | |
Thermo Fisher Scientific Inc. | 159,164 | 86,585 | |
Merck & Co. Inc. | 1,127,798 | 86,367 | |
Danaher Corp. | 267,532 | 73,413 | |
Bristol-Myers Squibb Co. | 994,418 | 68,287 | |
Medtronic plc | 597,432 | 62,724 | |
Anthem Inc. | 108,927 | 49,219 | |
Abbott Laboratories | 386,916 | 46,670 | |
Becton Dickinson and Co. | 127,149 | 34,493 | |
Cigna Corp. | 144,649 | 34,395 | |
Gilead Sciences Inc. | 558,300 | 33,721 | |
* | Boston Scientific Corp. | 630,038 | 27,829 |
Humana Inc. | 57,487 | 24,968 | |
* | Regeneron Pharmaceuticals Inc. | 39,782 | 24,600 |
Stryker Corp. | 88,683 | 23,355 | |
* | Centene Corp. | 256,747 | 21,212 |
Shares | Market Value• ($000) | ||
Eli Lilly & Co. | 79,290 | 19,819 | |
Baxter International Inc. | 223,317 | 18,975 | |
* | Vertex Pharmaceuticals Inc. | 68,064 | 15,656 |
* | Biogen Inc. | 64,918 | 13,698 |
Cerner Corp. | 131,624 | 12,274 | |
Zimmer Biomet Holdings Inc. | 92,440 | 11,757 | |
* | Laboratory Corp. of America Holdings | 42,875 | 11,630 |
Amgen Inc. | 44,763 | 10,138 | |
PerkinElmer Inc. | 56,415 | 10,133 | |
* | IQVIA Holdings Inc. | 42,780 | 9,845 |
Cooper Cos. Inc. | 21,599 | 8,834 | |
* | Hologic Inc. | 112,227 | 7,987 |
STERIS plc | 32,790 | 7,870 | |
* | Horizon Therapeutics plc | 78,862 | 7,190 |
Quest Diagnostics Inc. | 54,367 | 7,137 | |
* | Molina Healthcare Inc. | 21,878 | 6,714 |
* | BioMarin Pharmaceutical Inc. | 80,431 | 6,283 |
* | Catalent Inc. | 58,409 | 5,960 |
* | Bio-Rad Laboratories Inc. Class A | 9,505 | 5,950 |
Viatris Inc. | 533,137 | 5,870 | |
Teleflex Inc. | 17,244 | 5,799 | |
* | Elanco Animal Health Inc. (XNYS) | 197,216 | 5,603 |
* | Henry Schein Inc. | 61,840 | 5,342 |
DENTSPLY SIRONA Inc. | 96,471 | 5,223 | |
* | Teladoc Health Inc. | 66,814 | 5,072 |
* | QIAGEN NV | 100,213 | 4,980 |
Universal Health Services Inc. Class B | 31,225 | 4,494 | |
Organon & Co. | 111,970 | 4,180 | |
* | Jazz Pharmaceuticals plc | 26,573 | 3,652 |
* | Envista Holdings Corp. | 71,525 | 3,433 |
* | United Therapeutics Corp. | 19,562 | 3,251 |
* | Syneos Health Inc. | 40,063 | 3,173 |
Cardinal Health Inc. | 49,943 | 2,697 | |
* | Globus Medical Inc. Class A | 33,736 | 2,372 |
Royalty Pharma plc Class A | 59,806 | 2,348 | |
Chemed Corp. | 4,813 | 2,302 | |
* | Acadia Healthcare Co. Inc. | 39,769 | 2,255 |
* | Integra LifeSciences Holdings Corp. | 32,277 | 2,164 |
* | ICU Medical Inc. | 9,112 | 2,157 |
Perrigo Co. plc | 60,200 | 2,138 | |
Zoetis Inc. | 10,882 | 2,107 | |
Premier Inc. Class A | 54,912 | 1,974 | |
* | Quidel Corp. | 16,609 | 1,757 |
Agilent Technologies Inc. | 13,458 | 1,754 | |
ResMed Inc. | 6,263 | 1,545 | |
Encompass Health Corp. | 19,553 | 1,291 | |
* | DaVita Inc. | 8,975 | 1,012 |
* | Masimo Corp. | 5,875 | 925 |
* | Incyte Corp. | 12,561 | 858 |
* | Seagen Inc. | 6,611 | 852 |
* | Sage Therapeutics Inc. | 23,335 | 849 |
* | Nektar Therapeutics Class A | 78,481 | 804 |
* | Iovance Biotherapeutics Inc. | 48,433 | 759 |
* | Ultragenyx Pharmaceutical Inc. | 7,943 | 535 |
* | Certara Inc. | 20,501 | 519 |
* | Exact Sciences Corp. | 5,462 | 426 |
* | Exelixis Inc. | 19,850 | 408 |
Shares | Market Value• ($000) | ||
* | Charles River Laboratories International Inc. | 1,392 | 405 |
* | Signify Health Inc. Class A | 27,980 | 393 |
* | Amedisys Inc. | 1,957 | 314 |
* | Mirati Therapeutics Inc. | 3,562 | 314 |
* | Repligen Corp. | 1,543 | 304 |
* | Tandem Diabetes Care Inc. | 2,054 | 231 |
* | Natera Inc. | 2,996 | 197 |
* | Ionis Pharmaceuticals Inc. | 4,478 | 149 |
* | Adaptive Biotechnologies Corp. | 8,342 | 120 |
* | Oak Street Health Inc. | 6,510 | 114 |
* | agilon health Inc. | 5,638 | 114 |
* | Definitive Healthcare Corp. Class A | 3,234 | 75 |
1,490,653 | |||
Industrials (13.0%) | |||
Raytheon Technologies Corp. | 666,683 | 68,468 | |
* | Boeing Co. | 238,036 | 48,878 |
General Electric Co. | 485,727 | 46,392 | |
Honeywell International Inc. | 242,355 | 45,987 | |
CSX Corp. | 984,878 | 33,397 | |
3M Co. | 219,888 | 32,686 | |
Capital One Financial Corp. | 187,575 | 28,750 | |
Norfolk Southern Corp. | 108,133 | 27,738 | |
Eaton Corp. plc | 176,930 | 27,298 | |
Northrop Grumman Corp. | 60,527 | 26,761 | |
General Dynamics Corp. | 110,788 | 25,974 | |
Union Pacific Corp. | 105,264 | 25,890 | |
Fidelity National Information Services Inc. | 270,614 | 25,771 | |
Emerson Electric Co. | 265,107 | 24,634 | |
* | Fiserv Inc. | 248,850 | 24,305 |
L3Harris Technologies Inc. | 86,853 | 21,914 | |
Johnson Controls International plc | 318,548 | 20,693 | |
American Express Co. | 102,136 | 19,869 | |
DuPont de Nemours Inc. | 232,737 | 18,007 | |
Accenture plc Class A | 55,541 | 17,552 | |
Global Payments Inc. | 128,005 | 17,073 | |
Otis Worldwide Corp. | 189,155 | 14,816 | |
Parker-Hannifin Corp. | 47,721 | 14,144 | |
PACCAR Inc. | 151,496 | 13,909 | |
FedEx Corp. | 61,621 | 13,696 | |
AMETEK Inc. | 102,135 | 13,256 | |
Cummins Inc. | 63,652 | 12,993 | |
Stanley Black & Decker Inc. | 71,725 | 11,670 | |
* | TransDigm Group Inc. | 16,247 | 10,830 |
Vulcan Materials Co. | 58,560 | 10,626 | |
Martin Marietta Materials Inc. | 27,599 | 10,471 | |
Dover Corp. | 63,961 | 10,033 | |
Fortive Corp. | 145,871 | 9,445 | |
Carrier Global Corp. | 206,372 | 9,262 | |
Ingersoll Rand Inc. | 180,114 | 9,099 | |
Ball Corp. | 99,440 | 8,924 | |
* | Teledyne Technologies Inc. | 20,420 | 8,768 |
Synchrony Financial | 197,467 | 8,448 | |
Trane Technologies plc | 54,386 | 8,372 | |
PPG Industries Inc. | 60,806 | 8,115 | |
Amcor plc | 690,018 | 8,025 | |
* | Trimble Inc. | 111,506 | 7,778 |
Westinghouse Air Brake Technologies Corp. | 80,131 | 7,438 |
Shares | Market Value• ($000) | ||
* | Keysight Technologies Inc. | 46,227 | 7,275 |
Equifax Inc. | 33,115 | 7,230 | |
Textron Inc. | 97,808 | 7,153 | |
Jacobs Engineering Group Inc. | 57,566 | 7,081 | |
Quanta Services Inc. | 62,154 | 6,771 | |
* | United Rentals Inc. | 20,919 | 6,728 |
IDEX Corp. | 33,579 | 6,444 | |
* | FleetCor Technologies Inc. | 27,308 | 6,395 |
* | Builders FirstSource Inc. | 84,176 | 6,264 |
Caterpillar Inc. | 33,072 | 6,204 | |
Masco Corp. | 108,889 | 6,102 | |
Packaging Corp. of America | 41,458 | 6,102 | |
Lockheed Martin Corp. | 13,933 | 6,044 | |
Crown Holdings Inc. | 48,127 | 5,904 | |
Howmet Aerospace Inc. | 159,085 | 5,714 | |
Rockwell Automation Inc. | 20,308 | 5,414 | |
Westrock Co. | 117,753 | 5,331 | |
Snap-on Inc. | 23,657 | 4,972 | |
Nordson Corp. | 21,238 | 4,810 | |
Verisk Analytics Inc. Class A | 25,566 | 4,534 | |
CH Robinson Worldwide Inc. | 46,394 | 4,485 | |
AECOM | 60,992 | 4,432 | |
Hubbell Inc. Class B | 23,903 | 4,261 | |
Jack Henry & Associates Inc. | 24,088 | 4,259 | |
Pentair plc | 73,310 | 4,245 | |
Owens Corning | 44,190 | 4,118 | |
A O Smith Corp. | 59,519 | 4,082 | |
* | Sensata Technologies Holding plc | 68,641 | 3,975 |
Watsco Inc. | 14,427 | 3,939 | |
Knight-Swift Transportation Holdings Inc. | 72,211 | 3,934 | |
Lennox International Inc. | 14,512 | 3,874 | |
Regal Rexnord Corp. | 23,840 | 3,823 | |
Fortune Brands Home & Security Inc. | 43,570 | 3,786 | |
* | Berry Global Group Inc. | 59,996 | 3,639 |
Huntington Ingalls Industries Inc. | 17,419 | 3,560 | |
AptarGroup Inc. | 28,568 | 3,482 | |
* | Mohawk Industries Inc. | 24,334 | 3,426 |
Carlisle Cos. Inc. | 14,173 | 3,365 | |
Oshkosh Corp. | 30,250 | 3,359 | |
ITT Inc. | 38,200 | 3,357 | |
Genpact Ltd. | 78,155 | 3,270 | |
Illinois Tool Works Inc. | 14,325 | 3,099 | |
Woodward Inc. | 24,838 | 3,096 | |
Automatic Data Processing Inc. | 15,000 | 3,067 | |
* | Middleby Corp. | 17,145 | 3,045 |
AGCO Corp. | 25,061 | 3,011 | |
HEICO Corp. Class A | 24,167 | 2,971 | |
Brunswick Corp. | 30,205 | 2,885 | |
Acuity Brands Inc. | 15,527 | 2,832 | |
Littelfuse Inc. | 10,217 | 2,638 | |
ManpowerGroup Inc. | 24,481 | 2,602 | |
Donaldson Co. Inc. | 47,367 | 2,571 | |
Curtiss-Wright Corp. | 17,282 | 2,549 | |
nVent Electric plc | 75,107 | 2,548 | |
Sonoco Products Co. | 43,223 | 2,538 | |
Louisiana-Pacific Corp. | 35,242 | 2,536 | |
TransUnion | 27,353 | 2,483 |
Shares | Market Value• ($000) | ||
Xylem Inc. | 27,172 | 2,417 | |
Eagle Materials Inc. | 17,603 | 2,409 | |
MDU Resources Group Inc. | 89,840 | 2,405 | |
Western Union Co. | 130,735 | 2,377 | |
Crane Co. | 22,210 | 2,245 | |
Paychex Inc. | 18,721 | 2,229 | |
* | FTI Consulting Inc. | 15,077 | 2,201 |
* | Colfax Corp. | 53,058 | 2,133 |
Expeditors International of Washington Inc. | 20,330 | 2,101 | |
* | Axalta Coating Systems Ltd. | 76,782 | 2,076 |
Graco Inc. | 28,761 | 2,073 | |
Valmont Industries Inc. | 9,435 | 2,042 | |
RPM International Inc. | 23,952 | 2,026 | |
Sealed Air Corp. | 29,890 | 2,006 | |
Air Lease Corp. Class A | 47,939 | 2,002 | |
HEICO Corp. | 13,463 | 1,986 | |
* | MasTec Inc. | 25,160 | 1,982 |
Graphic Packaging Holding Co. | 91,758 | 1,888 | |
Ryder System Inc. | 23,821 | 1,878 | |
Flowserve Corp. | 58,715 | 1,783 | |
* | Kirby Corp. | 27,060 | 1,763 |
Spirit AeroSystems Holdings Inc. Class A | 34,188 | 1,709 | |
MSA Safety Inc. | 11,739 | 1,633 | |
WW Grainger Inc. | 3,411 | 1,627 | |
Silgan Holdings Inc. | 37,289 | 1,562 | |
* | Mercury Systems Inc. | 25,690 | 1,547 |
Alliance Data Systems Corp. | 22,431 | 1,513 | |
MSC Industrial Direct Co. Inc. Class A | 19,259 | 1,492 | |
Old Dominion Freight Line Inc. | 3,735 | 1,173 | |
* | WEX Inc. | 6,865 | 1,157 |
Allegion plc | 10,001 | 1,145 | |
Armstrong World Industries Inc. | 11,286 | 998 | |
* | Paysafe Ltd. | 301,016 | 960 |
Cintas Corp. | 2,467 | 926 | |
* | Euronet Worldwide Inc. | 6,948 | 891 |
Vontier Corp. | 36,511 | 887 | |
* | TuSimple Holdings Inc. Class A | 49,745 | 867 |
JB Hunt Transport Services Inc. | 3,918 | 795 | |
Robert Half International Inc. | 5,864 | 705 | |
* | AZEK Co. Inc. Class A | 23,335 | 688 |
MKS Instruments Inc. | 4,376 | 659 | |
* | Gates Industrial Corp. plc | 40,732 | 645 |
Schneider National Inc. Class B | 22,494 | 588 | |
* | GXO Logistics Inc. | 6,679 | 561 |
ADT Inc. | 76,474 | 559 | |
BWX Technologies Inc. | 10,233 | 547 | |
* | TopBuild Corp. | 2,514 | 540 |
* | Waters Corp. | 1,685 | 534 |
* | XPO Logistics Inc. | 6,871 | 499 |
Allison Transmission Holdings Inc. | 11,398 | 455 | |
* | Ardagh Metal Packaging SA | 53,614 | 445 |
* | Hayward Holdings Inc. | 19,888 | 356 |
Landstar System Inc. | 2,120 | 327 |
Shares | Market Value• ($000) | ||
* | Core & Main Inc. Class A | 11,910 | 268 |
* | Coherent Inc. | 947 | 250 |
Toro Co. | 2,128 | 200 | |
* | Loyalty Ventures Inc. | 7,730 | 185 |
Ardagh Group SA | 8,833 | 165 | |
* | StoneCo. Ltd. Class A | 11,642 | 131 |
* | Diversey Holdings Ltd. | 11,425 | 109 |
* | Virgin Galactic Holdings Inc. | 11,043 | 107 |
* | Legalzoom.com Inc. | 3,497 | 55 |
1,180,251 | |||
Real Estate (4.8%) | |||
Prologis Inc. | 328,043 | 47,845 | |
Digital Realty Trust Inc. | 125,002 | 16,865 | |
Realty Income Corp. | 252,508 | 16,688 | |
Welltower Inc. | 193,684 | 16,132 | |
AvalonBay Communities Inc. | 62,239 | 14,850 | |
Equity Residential | 163,583 | 13,954 | |
* | CBRE Group Inc. Class A | 141,019 | 13,658 |
Weyerhaeuser Co. | 333,080 | 12,950 | |
Alexandria Real Estate Equities Inc. | 68,298 | 12,936 | |
SBA Communications Corp. Class A | 40,282 | 12,221 | |
Mid-America Apartment Communities Inc. | 51,349 | 10,506 | |
Invitation Homes Inc. | 266,996 | 10,092 | |
Extra Space Storage Inc. | 53,140 | 9,998 | |
Ventas Inc. | 177,432 | 9,581 | |
Sun Communities Inc. | 50,744 | 9,185 | |
Essex Property Trust Inc. | 28,884 | 9,161 | |
Duke Realty Corp. | 169,511 | 8,984 | |
Boston Properties Inc. | 69,893 | 8,549 | |
Equinix Inc. | 11,505 | 8,165 | |
VICI Properties Inc. | 278,686 | 7,792 | |
UDR Inc. | 137,224 | 7,529 | |
Healthpeak Properties Inc. | 239,484 | 7,438 | |
Camden Property Trust | 44,109 | 7,283 | |
WP Carey Inc. | 82,347 | 6,374 | |
Kimco Realty Corp. | 255,915 | 6,022 | |
* | Host Hotels & Resorts Inc. | 316,982 | 5,791 |
Public Storage | 15,807 | 5,612 | |
* | Jones Lang LaSalle Inc. | 22,604 | 5,566 |
Medical Properties Trust Inc. | 259,365 | 5,275 | |
CyrusOne Inc. | 55,956 | 5,056 | |
Regency Centers Corp. | 75,303 | 4,962 | |
Rexford Industrial Realty Inc. | 67,856 | 4,759 | |
American Homes 4 Rent Class A | 124,510 | 4,733 | |
Life Storage Inc. | 36,519 | 4,623 | |
CubeSmart | 95,063 | 4,583 | |
Gaming and Leisure Properties Inc. | 98,431 | 4,470 | |
Federal Realty Investment Trust | 34,754 | 4,086 | |
Kilroy Realty Corp. | 52,486 | 3,759 | |
Apartment Income REIT Corp. | 69,833 | 3,604 | |
First Industrial Realty Trust Inc. | 58,031 | 3,341 | |
Vornado Realty Trust | 76,729 | 3,321 | |
Brixmor Property Group Inc. | 131,278 | 3,298 |
Shares | Market Value• ($000) | ||
National Retail Properties Inc. | 76,057 | 3,241 | |
American Campus Communities Inc. | 59,443 | 3,199 | |
STORE Capital Corp. | 103,627 | 3,183 | |
Americold Realty Trust | 116,604 | 3,116 | |
Omega Healthcare Investors Inc. | 107,761 | 3,036 | |
Healthcare Trust of America Inc. Class A | 97,249 | 2,858 | |
Equity LifeStyle Properties Inc. | 36,243 | 2,704 | |
Simon Property Group Inc. | 19,182 | 2,639 | |
Cousins Properties Inc. | 66,107 | 2,554 | |
Rayonier Inc. | 63,015 | 2,502 | |
Spirit Realty Capital Inc. | 53,823 | 2,496 | |
* | CoStar Group Inc. | 39,865 | 2,432 |
SL Green Realty Corp. | 29,479 | 2,344 | |
Douglas Emmett Inc. | 72,560 | 2,300 | |
Highwoods Properties Inc. | 46,283 | 2,018 | |
* | Park Hotels & Resorts Inc. | 106,175 | 2,000 |
Iron Mountain Inc. | 37,909 | 1,864 | |
* | Howard Hughes Corp. | 18,516 | 1,770 |
Hudson Pacific Properties Inc. | 66,329 | 1,751 | |
EPR Properties | 33,409 | 1,664 | |
JBG SMITH Properties | 54,060 | 1,442 | |
* | Opendoor Technologies Inc. | 162,344 | 1,356 |
Lamar Advertising Co. Class A | 5,020 | 547 | |
* | Orion Office REIT Inc. | 23,330 | 397 |
435,010 | |||
Technology (7.9%) | |||
Intel Corp. | 1,800,137 | 85,867 | |
* | salesforce.com Inc. | 336,192 | 70,778 |
* | Alphabet Inc. Class A | 18,380 | 49,647 |
* | Alphabet Inc. Class C | 17,599 | 47,479 |
International Business Machines Corp. | 348,603 | 42,707 | |
Micron Technology Inc. | 429,671 | 38,181 | |
Texas Instruments Inc. | 156,591 | 26,619 | |
Marvell Technology Inc. | 364,597 | 24,913 | |
Analog Devices Inc. | 143,640 | 23,024 | |
Roper Technologies Inc. | 46,649 | 20,909 | |
Cognizant Technology Solutions Corp. Class A | 234,107 | 20,164 | |
NXP Semiconductors NV | 81,589 | 15,512 | |
HP Inc. | 334,953 | 11,509 | |
* | Twitter Inc. | 309,371 | 10,998 |
* | Twilio Inc. Class A | 53,399 | 9,334 |
* | VeriSign Inc. | 43,371 | 9,269 |
Hewlett Packard Enterprise Co. | 580,491 | 9,241 | |
Corning Inc. | 224,304 | 9,062 | |
* | Akamai Technologies Inc. | 71,329 | 7,722 |
* | Synopsys Inc. | 24,451 | 7,638 |
SS&C Technologies Holdings Inc. | 99,975 | 7,495 | |
* | ANSYS Inc. | 22,643 | 7,341 |
VMware Inc. Class A | 62,109 | 7,287 | |
* | Western Digital Corp. | 138,527 | 7,057 |
* | Qorvo Inc. | 48,948 | 6,695 |
Leidos Holdings Inc. | 62,313 | 6,346 | |
Amphenol Corp. Class A | 75,041 | 5,704 | |
* | GoDaddy Inc. Class A | 66,788 | 5,571 |
* | ON Semiconductor Corp. | 86,117 | 5,392 |
Skyworks Solutions Inc. | 38,838 | 5,366 |
Shares | Market Value• ($000) | ||
* | F5 Inc. | 26,613 | 5,345 |
* | Wolfspeed Inc. | 51,353 | 5,275 |
NortonLifeLock Inc. | 179,819 | 5,211 | |
Amdocs Ltd. | 57,709 | 4,542 | |
* | Nuance Communications Inc. | 77,319 | 4,293 |
* | Ceridian HCM Holding Inc. | 57,217 | 4,172 |
* | IAC/InterActiveCorp. | 34,381 | 3,946 |
* | DXC Technology Co. | 112,065 | 3,814 |
* | Arrow Electronics Inc. | 31,043 | 3,783 |
* | Black Knight Inc. | 67,289 | 3,781 |
Oracle Corp. | 49,620 | 3,770 | |
Concentrix Corp. | 18,850 | 3,768 | |
Citrix Systems Inc. | 35,178 | 3,606 | |
* | Guidewire Software Inc. | 37,374 | 3,294 |
* | Dell Technologies Inc. Class C | 62,294 | 3,174 |
* | CACI International Inc. Class A | 10,426 | 2,917 |
* | Clarivate plc | 192,944 | 2,890 |
NetApp Inc. | 33,610 | 2,634 | |
Microchip Technology Inc. | 37,091 | 2,609 | |
* | Change Healthcare Inc. | 110,324 | 2,363 |
Science Applications International Corp. | 25,790 | 2,262 | |
National Instruments Corp. | 56,326 | 2,261 | |
* | Cirrus Logic Inc. | 25,831 | 2,244 |
Dolby Laboratories Inc. Class A | 28,860 | 2,167 | |
* | IPG Photonics Corp. | 15,040 | 1,960 |
CDK Global Inc. | 43,089 | 1,954 | |
TD SYNNEX Corp. | 18,971 | 1,932 | |
Avnet Inc. | 45,225 | 1,903 | |
* | Manhattan Associates Inc. | 13,541 | 1,810 |
* | NCR Corp. | 38,198 | 1,548 |
* | Kyndryl Holdings Inc. | 96,181 | 1,525 |
* | Mandiant Inc. | 76,394 | 1,513 |
* | Snowflake Inc. Class A | 5,279 | 1,402 |
* | Dun & Bradstreet Holdings Inc. | 73,638 | 1,367 |
Xerox Holdings Corp. | 65,814 | 1,297 | |
* | Tyler Technologies Inc. | 2,267 | 971 |
* | Fastly Inc. Class A | 47,497 | 883 |
* | DoorDash Inc. Class A | 8,266 | 867 |
Jabil Inc. | 14,537 | 840 | |
* | Cloudflare Inc. Class A | 6,358 | 740 |
* | Duck Creek Technologies Inc. | 27,203 | 639 |
*,1 | GLOBALFOUNDRIES Inc. | 10,243 | 623 |
Azenta Inc. | 6,348 | 556 | |
* | Procore Technologies Inc. | 6,789 | 443 |
* | C3.ai Inc. Class A | 16,528 | 371 |
* | Teradata Corp. | 6,919 | 346 |
* | Vroom Inc. | 45,002 | 274 |
* | N-able Inc. | 22,648 | 262 |
McAfee Corp.Class A | 9,392 | 244 | |
* | Datto Holding Corp. | 10,176 | 239 |
* | Thoughtworks Holding Inc. | 9,767 | 223 |
SolarWinds Corp. | 14,398 | 195 | |
* | Dynatrace Inc. | 3,292 | 146 |
Pegasystems Inc. | 1,496 | 130 | |
* | Pure Storage Inc. Class A | 4,674 | 121 |
* | Vimeo Inc. | 9,135 | 119 |
* | Jamf Holding Corp. | 3,084 | 105 |
* | Paycor HCM Inc. | 3,470 | 97 |
* | Informatica Inc. Class A | 2,425 | 49 |
716,642 |
Shares | Market Value• ($000) | ||
Telecommunications (5.1%) | |||
Cisco Systems Inc. | 1,882,352 | 104,979 | |
Verizon Communications Inc. | 1,845,820 | 99,065 | |
Comcast Corp. Class A | 2,029,448 | 94,897 | |
AT&T Inc. | 3,178,602 | 75,301 | |
* | T-Mobile US Inc. | 262,501 | 32,343 |
Motorola Solutions Inc. | 74,153 | 16,345 | |
* | Liberty Broadband Corp. Class C | 61,441 | 9,013 |
Juniper Networks Inc. | 143,158 | 4,837 | |
Lumen Technologies Inc. | 450,269 | 4,665 | |
* | Ciena Corp. | 67,966 | 4,650 |
* | DISH Network Corp. Class A | 111,789 | 3,573 |
* | Lumentum Holdings Inc. | 31,536 | 3,118 |
* | Charter Communications Inc. Class A | 3,024 | 1,820 |
Cable One Inc. | 1,153 | 1,652 | |
* | Liberty Broadband Corp. Class A | 11,002 | 1,593 |
* | Arista Networks Inc. | 11,318 | 1,389 |
* | ViaSat Inc. | 30,342 | 1,385 |
* | Altice USA Inc. Class A | 27,599 | 319 |
Ubiquiti Inc. | 546 | 139 | |
461,083 | |||
Utilities (5.5%) | |||
NextEra Energy Inc. | 872,516 | 68,292 | |
Duke Energy Corp. | 342,904 | 34,431 | |
Southern Co. | 471,447 | 30,536 | |
Dominion Energy Inc. | 358,473 | 28,509 | |
Waste Management Inc. | 158,005 | 22,816 | |
Sempra Energy (XNYS) | 142,422 | 20,540 | |
American Electric Power Co. Inc. | 222,303 | 20,152 | |
Exelon Corp. | 435,540 | 18,537 | |
Xcel Energy Inc. | 239,276 | 16,110 | |
Public Service Enterprise Group Inc. | 223,915 | 14,516 | |
Consolidated Edison Inc. | 157,902 | 13,543 | |
WEC Energy Group Inc. | 140,257 | 12,747 | |
Eversource Energy | 152,925 | 12,509 | |
American Water Works Co. Inc. | 81,071 | 12,249 | |
Republic Services Inc. Class A | 92,996 | 11,186 | |
Edison International | 166,438 | 10,555 | |
DTE Energy Co. | 85,717 | 10,422 | |
FirstEnergy Corp. | 243,010 | 10,170 | |
Ameren Corp. | 113,595 | 9,763 | |
Entergy Corp. | 89,031 | 9,367 | |
PPL Corp. | 332,445 | 8,700 | |
CMS Energy Corp. | 128,132 | 8,202 | |
* | PG&E Corp. | 671,928 | 7,640 |
CenterPoint Energy Inc. | 264,615 | 7,237 | |
Constellation Energy Corp. | 145,813 | 6,704 | |
Alliant Energy Corp. | 110,121 | 6,431 | |
Evergy Inc. | 102,402 | 6,391 | |
Atmos Energy Corp. | 57,223 | 6,284 | |
AES Corp. | 291,952 | 6,198 | |
NiSource Inc. | 174,991 | 5,062 | |
Vistra Corp. | 212,000 | 4,838 | |
Essential Utilities Inc. | 101,943 | 4,803 | |
UGI Corp. | 93,172 | 3,581 | |
Pinnacle West Capital Corp. | 50,430 | 3,572 | |
OGE Energy Corp. | 88,675 | 3,330 | |
National Fuel Gas Co. | 39,235 | 2,442 |
Shares | Market Value• ($000) | ||
* | Sunrun Inc. | 89,014 | 2,428 |
* | Stericycle Inc. | 40,964 | 2,391 |
IDACORP Inc. | 22,122 | 2,300 | |
NRG Energy Inc. | 59,714 | 2,260 | |
* | Clean Harbors Inc. | 22,625 | 2,159 |
Hawaiian Electric Industries Inc. | 47,674 | 1,954 | |
Brookfield Renewable Corp. Class A | 43,491 | 1,625 | |
Avangrid Inc. | 25,580 | 1,148 | |
494,630 | |||
Total Common Stocks (Cost $7,991,750) | 9,037,523 | ||
Temporary Cash Investments (0.1%) | |||
Money Market Fund (0.1%) | |||
2,3 | Vanguard Market Liquidity Fund, 0.138% (Cost $7,670) | 76,707 | 7,670 |
Total Investments (99.9%) (Cost $7,999,420) | 9,045,193 | ||
Other Assets and Liabilities—Net (0.1%) | 8,992 | ||
Net Assets (100%) | 9,054,185 | ||
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 $4,579,000. |
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 $4,785,000 was received for securities on loan. |
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 | March 2022 | 46 | 10,046 | (330) |
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 | BANA | 6,003 | (0.070) | 80 | — |
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. | |
BANA—Bank of America, N.A. |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $7,991,750) | 9,037,523 |
Affiliated Issuers (Cost $7,670) | 7,670 |
Total Investments in Securities | 9,045,193 |
Investment in Vanguard | 295 |
Cash Collateral Pledged—Futures Contracts | 390 |
Receivables for Investment Securities Sold | 793 |
Receivables for Accrued Income | 16,745 |
Receivables for Capital Shares Issued | 1,340 |
Unrealized Appreciation—Over-the-Counter Swap Contracts | 80 |
Total Assets | 9,064,836 |
Liabilities | |
Due to Custodian | 4,779 |
Payables for Investment Securities Purchased | 543 |
Collateral for Securities on Loan | 4,785 |
Payables for Capital Shares Redeemed | 271 |
Payables to Vanguard | 251 |
Variation Margin Payable—Futures Contracts | 22 |
Total Liabilities | 10,651 |
Net Assets | 9,054,185 |
At February 28, 2022, net assets consisted of: | |
Paid-in Capital | 8,133,065 |
Total Distributable Earnings (Loss) | 921,120 |
Net Assets | 9,054,185 |
ETF Shares—Net Assets | |
Applicable to 102,277,615 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 7,270,514 |
Net Asset Value Per Share—ETF Shares | $71.09 |
Institutional Shares—Net Assets | |
Applicable to 6,424,106 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,783,671 |
Net Asset Value Per Share—Institutional Shares | $277.65 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 84,048 |
Interest2 | 6 |
Securities Lending—Net | 83 |
Total Income | 84,137 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 470 |
Management and Administrative—ETF Shares | 2,055 |
Management and Administrative—Institutional Shares | 434 |
Marketing and Distribution—ETF Shares | 128 |
Marketing and Distribution—Institutional Shares | 47 |
Custodian Fees | 164 |
Shareholders’ Reports—ETF Shares | 45 |
Shareholders’ Reports—Institutional Shares | 2 |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 8 |
Total Expenses | 3,355 |
Net Investment Income | 80,782 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 260,079 |
Futures Contracts | (12) |
Swap Contracts | (511) |
Realized Net Gain (Loss) | 259,556 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (323,603) |
Futures Contracts | (679) |
Swap Contracts | 55 |
Change in Unrealized Appreciation (Depreciation) | (324,227) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 16,111 |
1 | Dividends are net of foreign withholding taxes of $27,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $6,000, ($4,000), less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $264,671,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 80,782 | 113,681 | |
Realized Net Gain (Loss) | 259,556 | 347,876 | |
Change in Unrealized Appreciation (Depreciation) | (324,227) | 1,158,191 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 16,111 | 1,619,748 | |
Distributions | |||
ETF Shares | (67,938) | (75,646) | |
Institutional Shares | (17,228) | (27,447) | |
Total Distributions | (85,166) | (103,093) | |
Capital Share Transactions | |||
ETF Shares | 758,931 | 2,819,628 | |
Institutional Shares | 22,513 | 152,685 | |
Net Increase (Decrease) from Capital Share Transactions | 781,444 | 2,972,313 | |
Total Increase (Decrease) | 712,389 | 4,488,968 | |
Net Assets | |||
Beginning of Period | 8,341,796 | 3,852,828 | |
End of Period | 9,054,185 | 8,341,796 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
20211 | 20201 | 20191 | 20181 | 20171 | ||
Net Asset Value, Beginning of Period | $71.54 | $53.52 | $54.61 | $55.60 | $50.66 | $46.57 |
Investment Operations | ||||||
Net Investment Income2 | .668 | 1.282 | 1.408 | 1.357 | 1.261 | 1.219 |
Net Realized and Unrealized Gain (Loss) on Investments | (.411) | 17.932 | (1.056) | (1.054) | 4.918 | 4.054 |
Total from Investment Operations | .257 | 19.214 | .352 | .303 | 6.179 | 5.273 |
Distributions | ||||||
Dividends from Net Investment Income | (.707) | (1.194) | (1.442) | (1.293) | (1.239) | (1.183) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.707) | (1.194) | (1.442) | (1.293) | (1.239) | (1.183) |
Net Asset Value, End of Period | $71.09 | $71.54 | $53.52 | $54.61 | $55.60 | $50.66 |
Total Return | 0.36% | 36.32% | 0.75% | 0.60% | 12.36% | 11.45% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $7,271 | $6,569 | $2,646 | $1,914 | $1,487 | $1,153 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.12% | 0.12% |
Ratio of Net Investment Income to Average Net Assets | 1.88% | 1.99% | 2.65% | 2.51% | 2.35% | 2.48% |
Portfolio Turnover Rate3 | 2% | 19% | 24% | 17% | 16% | 22% |
The expense ratio and net investment income ratio for the current period have been annualized. |
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 | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $279.40 | $209.00 | $213.25 | $217.14 | $197.85 | $181.86 |
Investment Operations | ||||||
Net Investment Income1 | 2.619 | 5.002 | 5.594 | 5.294 | 4.978 | 4.850 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.599) | 70.071 | (4.226) | (4.087) | 19.227 | 15.821 |
Total from Investment Operations | 1.020 | 75.073 | 1.368 | 1.207 | 24.205 | 20.671 |
Distributions | ||||||
Dividends from Net Investment Income | (2.770) | (4.673) | (5.618) | (5.097) | (4.915) | (4.681) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.770) | (4.673) | (5.618) | (5.097) | (4.915) | (4.681) |
Net Asset Value, End of Period | $277.65 | $279.40 | $209.00 | $213.25 | $217.14 | $197.85 |
Total Return | 0.37% | 36.35% | 0.81% | 0.61% | 12.39% | 11.49% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,784 | $1,773 | $1,207 | $1,889 | $1,603 | $1,541 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.88% | 2.01% | 2.64% | 2.52% | 2.39% | 2.52% |
Portfolio Turnover Rate2 | 2% | 19% | 24% | 17% | 16% | 22% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 9,037,358 | 165 | — | 9,037,523 |
Temporary Cash Investments | 7,670 | — | — | 7,670 |
Total | 9,045,028 | 165 | — | 9,045,193 |
Derivative Financial Instruments | ||||
Assets | ||||
Swap Contracts | — | 80 | — | 80 |
Liabilities | ||||
Futures Contracts1 | 330 | — | — | 330 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 8,011,360 |
Gross Unrealized Appreciation | 1,290,559 |
Gross Unrealized Depreciation | (257,056) |
Net Unrealized Appreciation (Depreciation) | 1,033,503 |
E. | During the six months ended February 28, 2022, the fund purchased $1,669,306,000 of investment securities and sold $875,482,000 of investment securities, other than temporary cash investments. Purchases and sales include $1,341,374,000 and $712,741,000, 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: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares1 | |||||
Issued | 1,472,792 | 20,401 | 3,870,717 | 58,327 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (713,861) | (9,950) | (1,051,089) | (15,950) | |
Net Increase (Decrease)—ETF Shares | 758,931 | 10,451 | 2,819,628 | 42,377 | |
Institutional Shares | |||||
Issued | 181,738 | 650 | 565,635 | 2,234 | |
Issued in Lieu of Cash Distributions | 15,132 | 55 | 24,296 | 102 | |
Redeemed | (174,357) | (626) | (437,246) | (1,764) | |
Net Increase (Decrease)—Institutional Shares | 22,513 | 79 | 152,685 | 572 |
1 | 2021 shares adjusted to reflect a 2-for-1 share split effective at the beginning of trading on April 20, 2021. |
G. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
Basic Materials | 0.6% |
Consumer Discretionary | 21.3 |
Consumer Staples | 3.0 |
Energy | 0.6 |
Financials | 2.2 |
Health Care | 8.5 |
Industrials | 12.4 |
Real Estate | 1.8 |
Technology | 48.9 |
Telecommunications | 0.6 |
Utilities | 0.1 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Basic Materials (0.6%) | |||
Ecolab Inc. | 111,256 | 19,610 | |
Fastenal Co. | 257,397 | 13,246 | |
Freeport-McMoRan Inc. | 218,856 | 10,275 | |
Avery Dennison Corp. | 22,601 | 3,982 | |
Scotts Miracle-Gro Co. | 20,560 | 2,880 | |
Celanese Corp. Class A | 19,836 | 2,763 | |
Southern Copper Corp. | 38,988 | 2,705 | |
FMC Corp. | 15,467 | 1,813 | |
LyondellBasell Industries NV Class A | 16,647 | 1,619 | |
Dow Inc. | 27,301 | 1,610 | |
Steel Dynamics Inc. | 17,382 | 1,227 | |
Chemours Co. | 43,229 | 1,193 | |
Westlake Corp. | 3,200 | 353 | |
Olin Corp. | 5,210 | 268 | |
63,544 | |||
Consumer Discretionary (21.2%) | |||
* | Amazon.com Inc. | 220,318 | 676,654 |
* | Tesla Inc. | 410,454 | 357,271 |
Home Depot Inc. | 539,860 | 170,504 | |
Costco Wholesale Corp. | 209,869 | 108,974 | |
* | Netflix Inc. | 219,253 | 86,500 |
NIKE Inc. Class B | 628,942 | 85,882 | |
Lowe's Cos. Inc. | 351,820 | 77,773 | |
Starbucks Corp. | 598,837 | 54,967 | |
* | Booking Holdings Inc. | 20,768 | 45,113 |
TJX Cos. Inc. | 612,538 | 40,489 | |
Estee Lauder Cos. Inc. Class A | 116,342 | 34,476 | |
* | Uber Technologies Inc. | 701,349 | 25,270 |
* | Marriott International Inc. Class A | 136,891 | 23,291 |
Target Corp. | 110,586 | 22,092 | |
* | Chipotle Mexican Grill Inc. Class A | 14,238 | 21,689 |
* | Trade Desk Inc. Class A | 220,634 | 18,824 |
* | Lululemon Athletica Inc. | 57,974 | 18,548 |
eBay Inc. | 317,943 | 17,356 | |
McDonald's Corp. | 67,377 | 16,492 | |
Ross Stores Inc. | 177,586 | 16,230 | |
* | Expedia Group Inc. | 73,380 | 14,391 |
* | Hilton Worldwide Holdings Inc. | 93,507 | 13,919 |
* | Copart Inc. | 106,455 | 13,081 |
* | Delta Air Lines Inc. | 320,496 | 12,794 |
Tractor Supply Co. | 57,710 | 11,761 | |
* | Spotify Technology SA | 69,513 | 10,857 |
Shares | Market Value• ($000) | ||
Dollar General Corp. | 50,689 | 10,054 | |
* | Ulta Beauty Inc. | 26,791 | 10,033 |
* | Etsy Inc. | 64,056 | 9,922 |
Pool Corp. | 19,754 | 9,059 | |
* | Las Vegas Sands Corp. | 168,499 | 7,222 |
* | Burlington Stores Inc. | 31,788 | 7,181 |
* | Walt Disney Co. | 47,381 | 7,034 |
* | O'Reilly Automotive Inc. | 10,305 | 6,690 |
Darden Restaurants Inc. | 44,877 | 6,517 | |
VF Corp. | 106,062 | 6,154 | |
* | Carvana Co. Class A | 39,700 | 5,974 |
DR Horton Inc. | 68,767 | 5,873 | |
* | Lyft Inc. Class A | 148,272 | 5,774 |
Domino's Pizza Inc. | 12,618 | 5,454 | |
* | Caesars Entertainment Inc. | 64,181 | 5,403 |
Vail Resorts Inc. | 20,215 | 5,267 | |
* | NVR Inc. | 1,060 | 5,256 |
* | Floor & Decor Holdings Inc. Class A | 51,700 | 4,944 |
* | Wynn Resorts Ltd. | 53,951 | 4,668 |
* | Five Below Inc. | 28,255 | 4,623 |
Churchill Downs Inc. | 18,769 | 4,521 | |
* | Mattel Inc. | 177,730 | 4,440 |
* | AutoZone Inc. | 2,248 | 4,189 |
Williams-Sonoma Inc. | 28,422 | 4,117 | |
* | GameStop Corp. Class A | 32,511 | 4,010 |
* | Peloton Interactive Inc. Class A | 136,678 | 3,972 |
Bath & Body Works Inc. | 71,305 | 3,806 | |
* | DraftKings Inc. Class A | 154,910 | 3,668 |
* | RH | 8,968 | 3,604 |
Rollins Inc. | 106,288 | 3,468 | |
* | Live Nation Entertainment Inc. | 27,199 | 3,286 |
* | Aptiv plc | 25,162 | 3,257 |
* | Bright Horizons Family Solutions Inc. | 24,676 | 3,224 |
* | Wayfair Inc. Class A | 21,716 | 3,059 |
Tempur Sealy International Inc. | 90,121 | 2,975 | |
Best Buy Co. Inc. | 28,238 | 2,729 | |
* | YETI Holdings Inc. | 43,567 | 2,682 |
Choice Hotels International Inc. | 17,794 | 2,569 | |
Wyndham Hotels & Resorts Inc. | 29,578 | 2,556 | |
* | IAA Inc. | 68,701 | 2,524 |
* | Planet Fitness Inc. Class A | 29,309 | 2,480 |
Shares | Market Value• ($000) | ||
Polaris Inc. | 20,271 | 2,463 | |
* | Zynga Inc. Class A | 242,202 | 2,199 |
Wendy's Co. | 90,875 | 2,066 | |
* | SiteOne Landscape Supply Inc. | 11,751 | 2,026 |
* | Take-Two Interactive Software Inc. | 11,625 | 1,883 |
PulteGroup Inc. | 36,569 | 1,816 | |
H&R Block Inc. | 71,598 | 1,776 | |
* | Sabre Corp. | 161,639 | 1,767 |
* | Chegg Inc. | 55,862 | 1,747 |
Hanesbrands Inc. | 105,671 | 1,633 | |
Travel + Leisure Co. | 28,858 | 1,617 | |
Yum! Brands Inc. | 12,746 | 1,562 | |
*,1 | QuantumScape Corp. Class A | 88,538 | 1,429 |
* | Leslie's Inc. | 59,834 | 1,275 |
Toll Brothers Inc. | 23,286 | 1,263 | |
* | Victoria's Secret & Co. | 22,665 | 1,216 |
*,1 | Rivian Automotive Inc. Class A | 17,978 | 1,215 |
World Wrestling Entertainment Inc. Class A | 19,505 | 1,156 | |
* | Playtika Holding Corp. | 52,205 | 1,075 |
Thor Industries Inc. | 11,132 | 1,007 | |
* | Nordstrom Inc. | 47,614 | 987 |
* | frontdoor Inc. | 29,839 | 897 |
Yum China Holdings Inc. | 17,181 | 894 | |
* | TripAdvisor Inc. | 30,743 | 782 |
* | CarMax Inc. | 6,842 | 748 |
* | Six Flags Entertainment Corp. | 14,866 | 649 |
* | Boyd Gaming Corp. | 8,745 | 620 |
* | Madison Square Garden Sports Corp. | 3,450 | 597 |
Tapestry Inc. | 14,097 | 577 | |
* | Deckers Outdoor Corp. | 1,807 | 522 |
* | Mister Car Wash Inc. | 30,782 | 493 |
Lithia Motors Inc. Class A | 1,255 | 428 | |
* | Skechers USA Inc. Class A | 7,442 | 342 |
Nexstar Media Group Inc. Class A | 1,329 | 246 | |
* | Penn National Gaming Inc. | 4,687 | 241 |
* | Figs Inc. Class A | 12,606 | 207 |
Columbia Sportswear Co. | 1,188 | 110 | |
* | Petco Health & Wellness Co. Inc. Class A | 2,245 | 39 |
2,241,006 | |||
Consumer Staples (3.0%) | |||
PepsiCo Inc. | 582,099 | 95,313 | |
Coca-Cola Co. | 1,391,377 | 86,599 | |
Altria Group Inc. | 522,130 | 26,780 | |
Sysco Corp. | 259,464 | 22,599 | |
Colgate-Palmolive Co. | 224,478 | 17,274 | |
* | Monster Beverage Corp. | 174,780 | 14,751 |
Hershey Co. | 63,899 | 12,924 | |
Kimberly-Clark Corp. | 85,415 | 11,117 | |
Clorox Co. | 50,804 | 7,407 | |
Kellogg Co. | 56,828 | 3,634 | |
McKesson Corp. | 11,205 | 3,081 | |
Brown-Forman Corp. Class B | 46,162 | 3,011 | |
* | Freshpet Inc. | 20,644 | 1,966 |
Shares | Market Value• ($000) | ||
* | Boston Beer Co. Inc. Class A | 4,637 | 1,778 |
Lamb Weston Holdings Inc. | 22,207 | 1,475 | |
*,1 | Beyond Meat Inc. | 25,546 | 1,195 |
Brown-Forman Corp. Class A | 11,993 | 732 | |
Church & Dwight Co. Inc. | 6,544 | 640 | |
* | Herbalife Nutrition Ltd. | 8,839 | 315 |
* | Darling Ingredients Inc. | 4,074 | 295 |
* | Pilgrim's Pride Corp. | 9,786 | 231 |
* | Olaplex Holdings Inc. | 10,154 | 170 |
313,287 | |||
Energy (0.6%) | |||
Cheniere Energy Inc. | 119,176 | 15,839 | |
Pioneer Natural Resources Co. | 48,298 | 11,572 | |
* | Enphase Energy Inc. | 67,254 | 11,211 |
* | Plug Power Inc. | 259,830 | 6,571 |
Diamondback Energy Inc. | 43,609 | 6,022 | |
EOG Resources Inc. | 35,509 | 4,081 | |
Texas Pacific Land Corp. | 2,970 | 3,531 | |
Occidental Petroleum Corp. | 54,800 | 2,396 | |
Coterra Energy Inc. | 65,247 | 1,522 | |
Hess Corp. | 9,788 | 989 | |
Halliburton Co. | 24,091 | 808 | |
New Fortress Energy Inc. Class A | 13,397 | 370 | |
Continental Resources Inc. | 3,205 | 178 | |
* | Fluence Energy Inc. | 6,892 | 93 |
65,183 | |||
Financials (2.2%) | |||
Blackstone Inc. | 344,641 | 43,931 | |
S&P Global Inc. | 86,599 | 32,535 | |
Moody's Corp. | 77,952 | 25,103 | |
Aon plc Class A (XNYS) | 65,405 | 19,107 | |
MSCI Inc. Class A | 28,936 | 14,517 | |
Discover Financial Services | 81,986 | 10,120 | |
Ameriprise Financial Inc. | 31,598 | 9,473 | |
Apollo Global Management Inc. | 119,842 | 7,821 | |
Broadridge Financial Solutions Inc. | 52,940 | 7,740 | |
LPL Financial Holdings Inc. | 40,054 | 7,248 | |
MarketAxess Holdings Inc. | 19,002 | 7,248 | |
FactSet Research Systems Inc. | 16,504 | 6,702 | |
T Rowe Price Group Inc. | 37,943 | 5,485 | |
Ares Management Corp. Class A | 63,470 | 5,147 | |
Marsh & McLennan Cos. Inc. | 30,520 | 4,743 | |
* | Upstart Holdings Inc. | 22,925 | 3,622 |
Goldman Sachs Group Inc. | 9,744 | 3,326 | |
Morningstar Inc. | 10,897 | 3,058 | |
Western Alliance Bancorp | 26,855 | 2,517 | |
* | Arch Capital Group Ltd. | 44,627 | 2,102 |
Citizens Financial Group Inc. | 38,315 | 2,009 | |
RenaissanceRe Holdings Ltd. | 10,116 | 1,525 |
Shares | Market Value• ($000) | ||
Erie Indemnity Co. Class A | 8,645 | 1,514 | |
* | Markel Corp. | 1,167 | 1,451 |
Everest Re Group Ltd. | 4,273 | 1,274 | |
Rocket Cos. Inc. Class A | 68,873 | 889 | |
Lincoln National Corp. | 13,092 | 883 | |
* | Alleghany Corp. | 746 | 494 |
Raymond James Financial Inc. | 4,473 | 490 | |
Brown & Brown Inc. | 7,218 | 488 | |
Synovus Financial Corp. | 5,220 | 275 | |
* | Credit Acceptance Corp. | 334 | 184 |
UWM Holdings Corp. | 27,335 | 119 | |
* | Lemonade Inc. | 1,891 | 48 |
* | GoHealth Inc. Class A | 20,424 | 46 |
233,234 | |||
Health Care (8.5%) | |||
AbbVie Inc. | 896,951 | 132,542 | |
Eli Lilly & Co. | 339,938 | 84,968 | |
Amgen Inc. | 236,897 | 53,652 | |
Abbott Laboratories | 440,775 | 53,166 | |
* | Intuitive Surgical Inc. | 180,046 | 52,273 |
Zoetis Inc. | 228,195 | 44,190 | |
* | Edwards Lifesciences Corp. | 314,033 | 35,288 |
HCA Healthcare Inc. | 123,970 | 31,031 | |
* | Moderna Inc. | 171,894 | 26,403 |
* | Illumina Inc. | 74,095 | 24,199 |
* | IDEXX Laboratories Inc. | 42,973 | 22,877 |
* | Align Technology Inc. | 39,857 | 20,385 |
* | DexCom Inc. | 48,943 | 20,258 |
Stryker Corp. | 75,462 | 19,873 | |
Agilent Technologies Inc. | 138,530 | 18,059 | |
ResMed Inc. | 65,747 | 16,223 | |
* | Veeva Systems Inc. Class A | 69,374 | 15,890 |
UnitedHealth Group Inc. | 32,952 | 15,681 | |
West Pharmaceutical Services Inc. | 37,299 | 14,438 | |
* | Vertex Pharmaceuticals Inc. | 51,675 | 11,886 |
* | IQVIA Holdings Inc. | 47,697 | 10,976 |
* | Avantor Inc. | 306,394 | 10,629 |
Thermo Fisher Scientific Inc. | 17,887 | 9,731 | |
* | Alnylam Pharmaceuticals Inc. | 60,470 | 9,545 |
* | Insulet Corp. | 33,546 | 8,879 |
Bio-Techne Corp. | 19,924 | 8,356 | |
* | Seagen Inc. | 60,771 | 7,832 |
* | ABIOMED Inc. | 22,413 | 6,965 |
* | Charles River Laboratories International Inc. | 23,601 | 6,872 |
* | Exact Sciences Corp. | 80,449 | 6,280 |
* | Incyte Corp. | 80,522 | 5,500 |
* | Repligen Corp. | 26,165 | 5,147 |
Cardinal Health Inc. | 84,395 | 4,558 | |
Danaher Corp. | 16,552 | 4,542 | |
* | Neurocrine Biosciences Inc. | 47,753 | 4,292 |
* | Novocure Ltd. | 52,131 | 4,267 |
* | Penumbra Inc. | 17,760 | 3,938 |
Royalty Pharma plc Class A | 98,147 | 3,853 | |
Bruker Corp. | 52,067 | 3,664 | |
* | 10X Genomics Inc. Class A | 42,646 | 3,474 |
Shares | Market Value• ($000) | ||
* | Regeneron Pharmaceuticals Inc. | 5,450 | 3,370 |
* | Tandem Diabetes Care Inc. | 29,335 | 3,304 |
* | Sarepta Therapeutics Inc. | 41,769 | 3,200 |
* | Novavax Inc. | 38,289 | 3,192 |
* | Guardant Health Inc. | 45,068 | 2,987 |
* | Masimo Corp. | 18,487 | 2,911 |
* | Exelixis Inc. | 134,979 | 2,771 |
* | DaVita Inc. | 23,817 | 2,686 |
* | Natera Inc. | 38,961 | 2,562 |
* | Amedisys Inc. | 14,298 | 2,291 |
* | Ionis Pharmaceuticals Inc. | 65,917 | 2,200 |
* | Maravai LifeSciences Holdings Inc. Class A | 55,748 | 2,178 |
* | Catalent Inc. | 20,336 | 2,075 |
Encompass Health Corp. | 28,623 | 1,890 | |
* | Horizon Therapeutics plc | 20,634 | 1,881 |
* | Ultragenyx Pharmaceutical Inc. | 24,436 | 1,645 |
* | agilon health Inc. | 79,579 | 1,609 |
* | Mirati Therapeutics Inc. | 17,758 | 1,568 |
Teleflex Inc. | 4,313 | 1,451 | |
* | Molina Healthcare Inc. | 4,556 | 1,398 |
STERIS plc | 5,730 | 1,375 | |
* | Sotera Health Co. | 50,135 | 1,096 |
Chemed Corp. | 1,954 | 935 | |
* | Oak Street Health Inc. | 44,746 | 783 |
* | Certara Inc. | 30,562 | 774 |
* | Adaptive Biotechnologies Corp. | 49,412 | 713 |
* | Syneos Health Inc. | 6,663 | 528 |
*,1 | CureVac NV | 26,903 | 453 |
* | Iovance Biotherapeutics Inc. | 22,623 | 354 |
* | Globus Medical Inc. Class A | 1,880 | 132 |
* | Definitive Healthcare Corp. Class A | 4,347 | 100 |
896,994 | |||
Industrials (12.4%) | |||
Visa Inc. Class A | 859,009 | 185,649 | |
Mastercard Inc. Class A | 443,988 | 160,200 | |
Accenture plc Class A | 259,560 | 82,026 | |
United Parcel Service Inc. Class B | 367,221 | 77,271 | |
* | PayPal Holdings Inc. | 596,486 | 66,765 |
Deere & Co. | 141,358 | 50,892 | |
Union Pacific Corp. | 206,109 | 50,693 | |
Lockheed Martin Corp. | 109,972 | 47,706 | |
Caterpillar Inc. | 236,462 | 44,356 | |
Automatic Data Processing Inc. | 198,838 | 40,650 | |
American Express Co. | 203,152 | 39,521 | |
Sherwin-Williams Co. | 122,105 | 32,130 | |
* | Block Inc. (XNYS) | 243,505 | 31,047 |
Illinois Tool Works Inc. | 143,297 | 31,001 | |
Paychex Inc. | 142,486 | 16,964 | |
* | Mettler-Toledo International Inc. | 11,529 | 16,241 |
Cintas Corp. | 41,536 | 15,589 | |
Old Dominion Freight Line Inc. | 47,713 | 14,983 | |
Honeywell International Inc. | 76,454 | 14,507 | |
FedEx Corp. | 53,996 | 12,002 |
Shares | Market Value• ($000) | ||
* | Zebra Technologies Corp. Class A | 27,086 | 11,196 |
* | Bill.Com Holdings Inc. | 46,645 | 11,096 |
* | Generac Holdings Inc. | 31,164 | 9,831 |
Rockwell Automation Inc. | 35,682 | 9,512 | |
Carrier Global Corp. | 205,422 | 9,219 | |
WW Grainger Inc. | 19,256 | 9,186 | |
Verisk Analytics Inc. Class A | 51,389 | 9,113 | |
Trane Technologies plc | 58,842 | 9,058 | |
* | Waters Corp. | 28,491 | 9,024 |
JB Hunt Transport Services Inc. | 37,996 | 7,711 | |
PPG Industries Inc. | 50,830 | 6,783 | |
* | Keysight Technologies Inc. | 41,050 | 6,460 |
Expeditors International of Washington Inc. | 62,463 | 6,456 | |
3M Co. | 43,087 | 6,405 | |
* | Fair Isaac Corp. | 13,441 | 6,333 |
TransUnion | 66,709 | 6,055 | |
Cognex Corp. | 87,163 | 5,889 | |
Robert Half International Inc. | 47,975 | 5,771 | |
Booz Allen Hamilton Holding Corp. Class A | 67,327 | 5,433 | |
* | Trex Co. Inc. | 58,175 | 5,343 |
Xylem Inc. | 59,465 | 5,289 | |
Equifax Inc. | 23,222 | 5,070 | |
* | TransDigm Group Inc. | 7,492 | 4,994 |
Toro Co. | 50,462 | 4,734 | |
* | Axon Enterprise Inc. | 33,057 | 4,636 |
Ball Corp. | 47,373 | 4,251 | |
* | Paylocity Holding Corp. | 19,990 | 4,247 |
* | United Rentals Inc. | 12,764 | 4,105 |
Allegion plc | 34,971 | 4,005 | |
Graco Inc. | 53,378 | 3,848 | |
Lincoln Electric Holdings Inc. | 29,412 | 3,749 | |
MKS Instruments Inc. | 23,841 | 3,590 | |
Advanced Drainage Systems Inc. | 30,482 | 3,558 | |
* | GXO Logistics Inc. | 42,331 | 3,553 |
Parker-Hannifin Corp. | 11,004 | 3,261 | |
RPM International Inc. | 37,967 | 3,211 | |
* | XPO Logistics Inc. | 42,331 | 3,077 |
* | TopBuild Corp. | 13,818 | 2,966 |
* | Coherent Inc. | 11,124 | 2,940 |
Northrop Grumman Corp. | 6,647 | 2,939 | |
Sealed Air Corp. | 40,257 | 2,702 | |
Landstar System Inc. | 17,208 | 2,657 | |
* | WEX Inc. | 15,079 | 2,541 |
Carlisle Cos. Inc. | 10,190 | 2,419 | |
* | Euronet Worldwide Inc. | 18,279 | 2,344 |
Synchrony Financial | 53,018 | 2,268 | |
* | FleetCor Technologies Inc. | 9,153 | 2,144 |
* | Fiserv Inc. | 20,586 | 2,011 |
BWX Technologies Inc. | 33,969 | 1,815 | |
HEICO Corp. Class A | 14,692 | 1,806 | |
Jack Henry & Associates Inc. | 9,977 | 1,764 | |
Allison Transmission Holdings Inc. | 41,155 | 1,644 | |
Fortune Brands Home & Security Inc. | 18,013 | 1,565 | |
* | Middleby Corp. | 8,310 | 1,476 |
CH Robinson Worldwide Inc. | 13,211 | 1,277 | |
* | StoneCo. Ltd. Class A | 104,901 | 1,179 |
Shares | Market Value• ($000) | ||
Nordson Corp. | 5,183 | 1,174 | |
* | Shift4 Payments Inc. Class A | 22,058 | 1,161 |
Regal Rexnord Corp. | 7,140 | 1,145 | |
Vontier Corp. | 46,866 | 1,139 | |
Armstrong World Industries Inc. | 11,751 | 1,039 | |
Western Union Co. | 51,405 | 935 | |
Crown Holdings Inc. | 7,521 | 923 | |
* | AZEK Co. Inc. Class A | 30,585 | 902 |
Graphic Packaging Holding Co. | 41,124 | 846 | |
HEICO Corp. | 5,711 | 842 | |
*,1 | Virgin Galactic Holdings Inc. | 83,137 | 805 |
Spirit AeroSystems Holdings Inc. Class A | 15,787 | 789 | |
MSA Safety Inc. | 5,019 | 698 | |
Howmet Aerospace Inc. | 14,610 | 525 | |
* | Axalta Coating Systems Ltd. | 18,912 | 511 |
Brunswick Corp. | 4,741 | 453 | |
AGCO Corp. | 2,929 | 352 | |
* | Core & Main Inc. Class A | 14,684 | 330 |
Donaldson Co. Inc. | 5,278 | 286 | |
* | Diversey Holdings Ltd. | 29,663 | 284 |
Louisiana-Pacific Corp. | 3,560 | 256 | |
Genpact Ltd. | 4,351 | 182 | |
* | GreenSky Inc. Class A | 15,633 | 155 |
* | TuSimple Holdings Inc. Class A | 7,809 | 136 |
* | Legalzoom.com Inc. | 5,258 | 82 |
1,311,652 | |||
Real Estate (1.8%) | |||
American Tower Corp. | 228,776 | 51,902 | |
Crown Castle International Corp. | 218,021 | 36,320 | |
Equinix Inc. | 32,173 | 22,834 | |
Public Storage | 58,572 | 20,794 | |
Simon Property Group Inc. | 143,781 | 19,779 | |
* | CoStar Group Inc. | 153,548 | 9,368 |
Iron Mountain Inc. | 102,923 | 5,062 | |
* | Zillow Group Inc. Class C | 85,146 | 4,898 |
Lamar Advertising Co. Class A | 38,304 | 4,178 | |
Equity LifeStyle Properties Inc. | 46,975 | 3,505 | |
SBA Communications Corp. Class A | 9,319 | 2,827 | |
* | Zillow Group Inc. Class A | 30,662 | 1,756 |
Extra Space Storage Inc. | 5,485 | 1,032 | |
* | CBRE Group Inc. Class A | 8,823 | 855 |
* | Opendoor Technologies Inc. | 45,785 | 382 |
185,492 | |||
Technology (48.9%) | |||
Apple Inc. | 7,835,910 | 1,293,865 | |
Microsoft Corp. | 3,825,744 | 1,143,094 | |
* | Alphabet Inc. Class A | 131,589 | 355,440 |
* | Alphabet Inc. Class C | 122,515 | 330,523 |
NVIDIA Corp. | 1,213,745 | 295,972 | |
* | Meta Platforms Inc. Class A | 1,199,386 | 253,106 |
Broadcom Inc. | 202,709 | 119,079 | |
* | Adobe Inc. | 242,431 | 113,380 |
Shares | Market Value• ($000) | ||
* | Advanced Micro Devices Inc. | 829,313 | 102,287 |
QUALCOMM Inc. | 572,797 | 98,515 | |
Intuit Inc. | 134,766 | 63,929 | |
Applied Materials Inc. | 457,102 | 61,343 | |
Oracle Corp. | 780,431 | 59,289 | |
* | ServiceNow Inc. | 99,603 | 57,762 |
Texas Instruments Inc. | 289,953 | 49,289 | |
Lam Research Corp. | 71,471 | 40,120 | |
* | Palo Alto Networks Inc. | 48,387 | 28,754 |
KLA Corp. | 77,035 | 26,847 | |
* | Snowflake Inc. Class A | 95,097 | 25,263 |
* | Autodesk Inc. | 111,548 | 24,566 |
* | Fortinet Inc. | 67,865 | 23,381 |
* | Workday Inc. Class A | 96,518 | 22,107 |
* | Atlassian Corp. plc Class A | 70,815 | 21,650 |
* | Cadence Design Systems Inc. | 139,482 | 21,122 |
* | Datadog Inc. Class A | 129,234 | 20,821 |
* | Crowdstrike Holdings Inc. Class A | 99,612 | 19,445 |
* | salesforce.com Inc. | 91,355 | 19,233 |
Analog Devices Inc. | 108,483 | 17,389 | |
Microchip Technology Inc. | 232,799 | 16,373 | |
* | Match Group Inc. | 143,481 | 15,997 |
Amphenol Corp. Class A | 210,432 | 15,995 | |
* | Synopsys Inc. | 48,726 | 15,222 |
* | Zoom Video Communications Inc. Class A | 110,558 | 14,660 |
* | Cloudflare Inc. Class A | 123,548 | 14,383 |
* | MongoDB Inc. Class A | 32,248 | 12,318 |
* | HubSpot Inc. | 22,897 | 12,021 |
CDW Corp. | 68,693 | 11,847 | |
* | Okta Inc. | 64,046 | 11,710 |
* | DocuSign Inc. Class A | 98,017 | 11,608 |
* | Gartner Inc. | 40,630 | 11,393 |
Monolithic Power Systems Inc. | 22,742 | 10,432 | |
* | Palantir Technologies Inc. Class A | 843,172 | 9,992 |
Teradyne Inc. | 82,742 | 9,757 | |
* | Splunk Inc. | 81,880 | 9,670 |
* | Zscaler Inc. | 40,073 | 9,583 |
Entegris Inc. | 68,554 | 8,945 | |
* | Paycom Software Inc. | 25,764 | 8,739 |
* | Unity Software Inc. | 76,616 | 8,156 |
NXP Semiconductors NV | 41,289 | 7,850 | |
* | Pinterest Inc. Class A | 285,590 | 7,640 |
* | Tyler Technologies Inc. | 17,580 | 7,529 |
* | ON Semiconductor Corp. | 116,799 | 7,313 |
Micron Technology Inc. | 78,968 | 7,017 | |
* | Zendesk Inc. | 60,050 | 7,006 |
HP Inc. | 202,771 | 6,967 | |
* | DoorDash Inc. Class A | 65,490 | 6,873 |
* | PTC Inc. | 53,828 | 5,990 |
* | ANSYS Inc. | 18,470 | 5,988 |
NetApp Inc. | 75,120 | 5,888 | |
* | EPAM Systems Inc. | 27,240 | 5,659 |
* | Globant SA | 20,366 | 5,580 |
* | RingCentral Inc. Class A | 41,725 | 5,459 |
Skyworks Solutions Inc. | 39,504 | 5,458 | |
Corning Inc. | 131,162 | 5,299 | |
* | Aspen Technology Inc. | 33,890 | 5,165 |
VMware Inc. Class A | 41,885 | 4,914 | |
* | Coupa Software Inc. | 37,270 | 4,510 |
Shares | Market Value• ($000) | ||
* | Avalara Inc. | 43,162 | 4,485 |
* | Dynatrace Inc. | 93,487 | 4,153 |
* | Twilio Inc. Class A | 23,710 | 4,145 |
* | Five9 Inc. | 34,224 | 3,765 |
Universal Display Corp. | 22,225 | 3,443 | |
* | Dropbox Inc. Class A | 150,317 | 3,411 |
Jabil Inc. | 58,981 | 3,410 | |
* | Dell Technologies Inc. Class C | 66,818 | 3,405 |
* | Anaplan Inc. | 71,707 | 3,397 |
* | Pure Storage Inc. Class A | 127,318 | 3,303 |
* | Smartsheet Inc. Class A | 61,235 | 3,256 |
* | Elastic NV | 37,307 | 3,233 |
* | Nuance Communications Inc. | 55,180 | 3,064 |
* | Nutanix Inc. Class A | 107,042 | 2,858 |
Bentley Systems Inc. Class B | 70,222 | 2,696 | |
Azenta Inc. | 30,751 | 2,691 | |
* | Wix.com Ltd. | 27,000 | 2,473 |
* | Teradata Corp. | 46,900 | 2,345 |
Citrix Systems Inc. | 22,619 | 2,318 | |
* | Manhattan Associates Inc. | 17,282 | 2,310 |
NortonLifeLock Inc. | 74,163 | 2,149 | |
Vertiv Holdings Co. Class A | 162,993 | 2,122 | |
* | Alteryx Inc. Class A | 30,435 | 1,896 |
* | New Relic Inc. | 25,846 | 1,712 |
Pegasystems Inc. | 19,244 | 1,677 | |
Switch Inc. Class A | 58,475 | 1,522 | |
* | Twitter Inc. | 41,846 | 1,488 |
* | Procore Technologies Inc. | 21,785 | 1,420 |
* | nCino Inc. | 28,271 | 1,299 |
* | NCR Corp. | 22,255 | 902 |
* | Vimeo Inc. | 66,765 | 867 |
*,1 | GLOBALFOUNDRIES Inc. | 13,833 | 841 |
McAfee Corp.Class A | 31,576 | 821 | |
* | Jamf Holding Corp. | 22,940 | 785 |
* | Everbridge Inc. | 19,101 | 755 |
* | DoubleVerify Holdings Inc. | 26,211 | 725 |
* | GoDaddy Inc. Class A | 8,550 | 713 |
* | Mandiant Inc. | 35,116 | 695 |
* | Allegro MicroSystems Inc. | 19,924 | 571 |
*,1 | Skillz Inc. Class A | 149,969 | 466 |
CDK Global Inc. | 7,563 | 343 | |
* | Paycor HCM Inc. | 11,904 | 334 |
* | Informatica Inc. Class A | 12,226 | 246 |
* | Duck Creek Technologies Inc. | 8,018 | 188 |
* | C3.ai Inc. Class A | 8,229 | 185 |
* | Thoughtworks Holding Inc. | 7,409 | 169 |
* | IPG Photonics Corp. | 1,052 | 137 |
* | Vroom Inc. | 14,520 | 88 |
* | Toast Inc. Class A | 61 | 1 |
5,153,755 | |||
Telecommunications (0.6%) | |||
* | Charter Communications Inc. Class A | 60,105 | 36,170 |
* | Arista Networks Inc. | 109,696 | 13,463 |
* | Roku Inc. | 59,822 | 8,347 |
Cable One Inc. | 1,414 | 2,026 | |
* | CommScope Holding Co. Inc. | 102,415 | 977 |
Shares | Market Value• ($000) | ||
* | Altice USA Inc. Class A | 76,105 | 880 |
Ubiquiti Inc. | 2,775 | 704 | |
62,567 | |||
Utilities (0.1%) | |||
Waste Management Inc. | 33,717 | 4,869 | |
NRG Energy Inc. | 56,200 | 2,126 | |
Brookfield Renewable Corp. Class A | 16,504 | 617 | |
7,612 | |||
Total Common Stocks (Cost $6,764,952) | 10,534,326 | ||
Temporary Cash Investments (0.1%) | |||
Money Market Fund (0.1%) | |||
2,3 | Vanguard Market Liquidity Fund, 0.138% (Cost $6,749) | 67,499 | 6,749 |
Total Investments (100.0%) (Cost $6,771,701) | 10,541,075 | ||
Other Assets and Liabilities—Net (0.0%) | 1,180 | ||
Net Assets (100%) | 10,542,255 | ||
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 $5,972,000. |
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 $6,058,000 was received for securities on loan. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | March 2022 | 41 | 8,954 | (73) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $6,764,952) | 10,534,326 |
Affiliated Issuers (Cost $6,749) | 6,749 |
Total Investments in Securities | 10,541,075 |
Investment in Vanguard | 369 |
Cash | 724 |
Cash Collateral Pledged—Futures Contracts | 370 |
Receivables for Accrued Income | 6,892 |
Receivables for Capital Shares Issued | 943 |
Total Assets | 10,550,373 |
Liabilities | |
Payables for Investment Securities Purchased | 790 |
Collateral for Securities on Loan | 6,058 |
Payables for Capital Shares Redeemed | 962 |
Payables to Vanguard | 288 |
Variation Margin Payable—Futures Contracts | 20 |
Total Liabilities | 8,118 |
Net Assets | 10,542,255 |
At February 28, 2022, net assets consisted of: | |
Paid-in Capital | 6,740,401 |
Total Distributable Earnings (Loss) | 3,801,854 |
Net Assets | 10,542,255 |
ETF Shares—Net Assets | |
Applicable to 107,106,844 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 7,362,164 |
Net Asset Value Per Share—ETF Shares | $68.74 |
Institutional Shares—Net Assets | |
Applicable to 6,014,797 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,180,091 |
Net Asset Value Per Share—Institutional Shares | $528.71 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 40,033 |
Interest2 | 4 |
Securities Lending—Net | 91 |
Total Income | 40,128 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 575 |
Management and Administrative—ETF Shares | 2,377 |
Management and Administrative—Institutional Shares | 940 |
Marketing and Distribution—ETF Shares | 138 |
Marketing and Distribution—Institutional Shares | 65 |
Custodian Fees | 82 |
Shareholders’ Reports—ETF Shares | 93 |
Shareholders’ Reports—Institutional Shares | 3 |
Trustees’ Fees and Expenses | 3 |
Other Expenses | 8 |
Total Expenses | 4,284 |
Net Investment Income | 35,844 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 285,621 |
Futures Contracts | 214 |
Realized Net Gain (Loss) | 285,835 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (1,211,743) |
Futures Contracts | (379) |
Change in Unrealized Appreciation (Depreciation) | (1,212,122) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (890,443) |
1 | Dividends are net of foreign withholding taxes of $11,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $4,000, ($2,000), less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $284,293,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 35,844 | 66,590 | |
Realized Net Gain (Loss) | 285,835 | 968,397 | |
Change in Unrealized Appreciation (Depreciation) | (1,212,122) | 1,372,233 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (890,443) | 2,407,220 | |
Distributions | |||
ETF Shares | (25,370) | (40,214) | |
Institutional Shares | (11,802) | (24,518) | |
Total Distributions | (37,172) | (64,732) | |
Capital Share Transactions | |||
ETF Shares | 555,147 | 978,964 | |
Institutional Shares | (113,474) | (786,014) | |
Net Increase (Decrease) from Capital Share Transactions | 441,673 | 192,950 | |
Total Increase (Decrease) | (485,942) | 2,535,438 | |
Net Assets | |||
Beginning of Period | 11,028,197 | 8,492,759 | |
End of Period | 10,542,255 | 11,028,197 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
20211 | 20201 | 20191 | 20181 | 20171 | ||
Net Asset Value, Beginning of Period | $74.77 | $58.66 | $41.14 | $39.89 | $31.77 | $26.73 |
Investment Operations | ||||||
Net Investment Income2 | .236 | .460 | .475 | .481 | .441 | .421 |
Net Realized and Unrealized Gain (Loss) on Investments | (6.020) | 16.099 | 17.530 | 1.177 | 8.096 | 5.039 |
Total from Investment Operations | (5.784) | 16.559 | 18.005 | 1.658 | 8.537 | 5.460 |
Distributions | ||||||
Dividends from Net Investment Income | (.246) | (.449) | (.485) | (.408) | (.417) | (.420) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.246) | (.449) | (.485) | (.408) | (.417) | (.420) |
Net Asset Value, End of Period | $68.74 | $74.77 | $58.66 | $41.14 | $39.89 | $31.77 |
Total Return | -7.76% | 28.40% | 44.18% | 4.20% | 27.09% | 20.66% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $7,362 | $7,455 | $4,951 | $2,872 | $2,083 | $1,319 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.12% | 0.12% |
Ratio of Net Investment Income to Average Net Assets | 0.64% | 0.72% | 1.04% | 1.25% | 1.24% | 1.45% |
Portfolio Turnover Rate3 | 1% | 14% | 14% | 17% | 15% | 21% |
The expense ratio and net investment income ratio for the current period have been annualized. |
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 | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $575.10 | $451.15 | $316.39 | $306.82 | $244.34 | $205.53 |
Investment Operations | ||||||
Net Investment Income1 | 1.838 | 3.573 | 3.695 | 3.711 | 3.485 | 3.291 |
Net Realized and Unrealized Gain (Loss) on Investments | (46.314) | 123.861 | 134.792 | 9.061 | 62.293 | 38.832 |
Total from Investment Operations | (44.476) | 127.434 | 138.487 | 12.772 | 65.778 | 42.123 |
Distributions | ||||||
Dividends from Net Investment Income | (1.914) | (3.484) | (3.727) | (3.202) | (3.298) | (3.313) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.914) | (3.484) | (3.727) | (3.202) | (3.298) | (3.313) |
Net Asset Value, End of Period | $528.71 | $575.10 | $451.15 | $316.39 | $306.82 | $244.34 |
Total Return | -7.76% | 28.42% | 44.24% | 4.21% | 27.14% | 20.72% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $3,180 | $3,573 | $3,542 | $3,076 | $3,182 | $2,476 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 0.65% | 0.74% | 1.06% | 1.26% | 1.28% | 1.49% |
Portfolio Turnover Rate2 | 1% | 14% | 14% | 17% | 15% | 21% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
D. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 6,773,148 |
Gross Unrealized Appreciation | 3,991,186 |
Gross Unrealized Depreciation | (223,332) |
Net Unrealized Appreciation (Depreciation) | 3,767,854 |
E. | During the six months ended February 28, 2022, the fund purchased $1,001,573,000 of investment securities and sold $547,852,000 of investment securities, other than temporary cash investments. Purchases and sales include $885,776,000 and $419,063,000, 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: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares1 | |||||
Issued | 976,604 | 13,100 | 2,657,661 | 41,175 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (421,457) | (5,700) | (1,678,697) | (25,875) | |
Net Increase (Decrease)—ETF Shares | 555,147 | 7,400 | 978,964 | 15,300 | |
Institutional Shares | |||||
Issued | 159,077 | 277 | 382,523 | 806 | |
Issued in Lieu of Cash Distributions | 10,890 | 19 | 21,838 | 47 | |
Redeemed | (283,441) | (494) | (1,190,375) | (2,491) | |
Net Increase (Decrease)—Institutional Shares | (113,474) | (198) | (786,014) | (1,638) |
1 | 2021 shares adjusted to reflect a 4-for-1 share split effective at the beginning of trading on April 20, 2021. |
G. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
All rights reserved.
U.S. Patent Nos. 6,879,964.
Vanguard Marketing Corporation, Distributor.
Vanguard Russell 2000 Index Fund |
Vanguard Russell 2000 Value Index Fund |
Vanguard Russell 2000 Growth Index Fund |
About Your Fund’s Expenses | 1 |
Russell 2000 Index Fund | 3 |
Russell 2000 Value Index Fund | 36 |
Russell 2000 Growth Index Fund | 62 |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2022 | |||
Beginning Account Value 8/31/2021 | Ending Account Value 2/28/2022 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Russell 2000 Index Fund | |||
ETF Shares | $1,000.00 | $905.20 | $0.47 |
Institutional Shares | 1,000.00 | 905.20 | 0.38 |
Russell 2000 Value Index Fund | |||
ETF Shares | $1,000.00 | $978.20 | $0.74 |
Institutional Shares | 1,000.00 | 978.50 | 0.39 |
Russell 2000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $836.20 | $0.68 |
Institutional Shares | 1,000.00 | 836.40 | 0.36 |
Based on Hypothetical 5% Yearly Return | |||
Russell 2000 Index Fund | |||
ETF Shares | $1,000.00 | $1,024.30 | $0.50 |
Institutional Shares | 1,000.00 | 1,024.40 | 0.40 |
Russell 2000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,024.05 | $0.75 |
Institutional Shares | 1,000.00 | 1,024.40 | 0.40 |
Russell 2000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,024.05 | $0.75 |
Institutional Shares | 1,000.00 | 1,024.40 | 0.40 |
Basic Materials | 4.0% |
Consumer Discretionary | 14.3 |
Consumer Staples | 3.1 |
Energy | 5.9 |
Financials | 16.7 |
Health Care | 16.1 |
Industrials | 15.3 |
Real Estate | 7.5 |
Technology | 12.2 |
Telecommunications | 1.7 |
Utilities | 3.2 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.4%) | |||
Basic Materials (4.0%) | |||
* | RBC Bearings Inc. | 75,551 | 14,646 |
UFP Industries Inc. | 162,774 | 13,958 | |
Avient Corp. | 246,050 | 12,891 | |
Commercial Metals Co. | 324,588 | 12,513 | |
Balchem Corp. | 87,084 | 12,047 | |
Cabot Corp. | 151,544 | 11,087 | |
* | Livent Corp. | 437,301 | 10,298 |
Sensient Technologies Corp. | 114,343 | 9,391 | |
*,1 | MP Materials Corp. | 205,071 | 9,355 |
* | Arconic Corp. | 288,293 | 8,851 |
Mueller Industries Inc. | 151,701 | 8,655 | |
Boise Cascade Co. | 106,338 | 8,501 | |
Hecla Mining Co. | 1,434,478 | 8,263 | |
* | Ingevity Corp. | 107,206 | 7,315 |
Quaker Chemical Corp. | 36,453 | 6,766 | |
* | Constellium SE Class A | 336,149 | 6,531 |
Innospec Inc. | 66,240 | 6,326 | |
Tronox Holdings plc Class A | 309,357 | 6,280 | |
Minerals Technologies Inc. | 89,534 | 6,266 | |
Stepan Co. | 58,286 | 6,040 | |
Trinseo plc | 105,271 | 5,470 | |
GrafTech International Ltd. | 540,944 | 5,453 | |
Compass Minerals International Inc. | 92,523 | 5,424 | |
Worthington Industries Inc. | 89,315 | 5,093 | |
Carpenter Technology Corp. | 128,538 | 4,935 | |
Materion Corp. | 55,106 | 4,604 | |
* | Novagold Resources Inc. | 640,750 | 4,472 |
* | GCP Applied Technologies Inc. | 133,016 | 4,201 |
Kaiser Aluminum Corp. | 42,687 | 4,119 | |
* | Kraton Corp. | 84,998 | 3,923 |
*,1 | Energy Fuels Inc. | 417,881 | 3,414 |
Schnitzer Steel Industries Inc. Class A | 70,113 | 3,411 | |
* | Century Aluminum Co. | 138,635 | 3,275 |
* | Coeur Mining Inc. | 691,422 | 2,973 |
AdvanSix Inc. | 73,857 | 2,959 | |
* | US Silica Holdings Inc. | 198,476 | 2,870 |
* | Uranium Energy Corp. | 691,597 | 2,759 |
Schweitzer-Mauduit International Inc. | 84,686 | 2,644 |
Shares | Market Value• ($000) | ||
Orion Engineered Carbons SA | 163,489 | 2,541 | |
Hawkins Inc. | 51,910 | 2,349 | |
* | TimkenSteel Corp. | 124,343 | 2,242 |
* | Amyris Inc. | 477,891 | 2,179 |
Verso Corp. Class A | 71,827 | 1,904 | |
Neenah Inc. | 45,655 | 1,778 | |
Glatfelter Corp. | 118,553 | 1,629 | |
Koppers Holdings Inc. | 56,133 | 1,607 | |
* | Intrepid Potash Inc. | 26,704 | 1,519 |
Ecovyst Inc. | 138,482 | 1,514 | |
* | Clearwater Paper Corp. | 44,575 | 1,285 |
Haynes International Inc. | 33,682 | 1,231 | |
Omega Flex Inc. | 8,402 | 1,220 | |
American Vanguard Corp. | 78,947 | 1,190 | |
*,1 | Meta Materials Inc. | 548,721 | 1,180 |
Ryerson Holding Corp. | 44,117 | 1,152 | |
* | Alto Ingredients Inc. | 192,577 | 1,123 |
* | Rayonier Advanced Materials Inc. | 166,435 | 977 |
* | Zymergen Inc. | 218,063 | 835 |
Tredegar Corp. | 71,806 | 826 | |
* | Northwest Pipe Co. | 26,153 | 745 |
* | Ur-Energy Inc. | 496,006 | 734 |
* | Unifi Inc. | 37,962 | 713 |
Olympic Steel Inc. | 25,528 | 683 | |
FutureFuel Corp. | 70,738 | 521 | |
* | Gatos Silver Inc. | 124,952 | 421 |
* | Perpetua Resources Corp. | 86,199 | 310 |
* | NN Inc. | 117,118 | 303 |
* | Polymet Mining Corp. | 79,153 | 215 |
* | Marrone Bio Innovations Inc. | 274,694 | 189 |
Valhi Inc. | 6,772 | 172 | |
293,266 | |||
Consumer Discretionary (14.2%) | |||
*,1 | AMC Entertainment Holdings Inc. Class A | 1,394,457 | 26,299 |
* | BJ's Wholesale Club Holdings Inc. | 370,365 | 23,285 |
Macy's Inc. | 848,875 | 22,003 | |
* | Avis Budget Group Inc. | 111,671 | 20,485 |
Texas Roadhouse Inc. Class A | 189,103 | 17,948 | |
* | Scientific Games Corp. Class A | 259,824 | 16,348 |
TEGNA Inc. | 597,565 | 13,696 | |
* | Fox Factory Holding Corp. | 114,151 | 13,472 |
* | Helen of Troy Ltd. | 65,078 | 13,385 |
Shares | Market Value• ($000) | ||
* | Crocs Inc. | 157,462 | 13,184 |
* | Asbury Automotive Group Inc. | 62,576 | 12,147 |
* | Hilton Grand Vacations Inc. | 230,931 | 11,976 |
Murphy USA Inc. | 65,316 | 11,805 | |
Wingstop Inc. | 80,593 | 11,714 | |
* | Goodyear Tire & Rubber Co. | 746,955 | 11,570 |
* | Adient plc | 256,066 | 11,459 |
Signet Jewelers Ltd. | 142,859 | 10,072 | |
* | Meritage Homes Corp. | 99,924 | 9,851 |
* | SeaWorld Entertainment Inc. | 139,255 | 9,663 |
Papa John's International Inc. | 89,399 | 9,550 | |
* | Taylor Morrison Home Corp. Class A | 323,600 | 9,546 |
* | Skyline Champion Corp. | 141,824 | 9,536 |
Steven Madden Ltd. | 218,114 | 9,305 | |
* | Visteon Corp. | 75,057 | 9,020 |
* | Sonos Inc. | 325,106 | 8,905 |
American Eagle Outfitters Inc. | 411,548 | 8,675 | |
Group 1 Automotive Inc. | 47,486 | 8,639 | |
Cracker Barrel Old Country Store Inc. | 63,997 | 8,593 | |
LCI Industries | 66,925 | 8,334 | |
KB Home | 214,866 | 8,296 | |
International Game Technology plc | 269,820 | 8,262 | |
Red Rock Resorts Inc. Class A | 161,289 | 8,110 | |
* | National Vision Holdings Inc. | 220,325 | 8,079 |
MillerKnoll Inc. | 200,649 | 7,801 | |
* | Callaway Golf Co. | 312,430 | 7,730 |
* | Gentherm Inc. | 89,919 | 7,629 |
* | Shake Shack Inc. Class A | 101,190 | 7,561 |
* | LGI Homes Inc. | 58,366 | 7,362 |
Dana Inc. | 392,342 | 7,305 | |
* | Allegiant Travel Co. | 41,461 | 7,218 |
* | Houghton Mifflin Harcourt Co. | 343,049 | 7,187 |
Kontoor Brands Inc. | 140,279 | 6,949 | |
* | Boot Barn Holdings Inc. | 78,945 | 6,870 |
MDC Holdings Inc. | 154,269 | 6,840 | |
* | Cavco Industries Inc. | 24,910 | 6,791 |
* | Academy Sports & Outdoors Inc. | 209,746 | 6,789 |
* | Tri Pointe Homes Inc. | 301,254 | 6,739 |
* | Dorman Products Inc. | 71,235 | 6,655 |
* | Spirit Airlines Inc. | 265,121 | 6,649 |
* | Overstock.com Inc. | 115,961 | 6,598 |
* | iHeartMedia Inc. Class A | 302,109 | 6,480 |
Graham Holdings Co. Class B | 10,345 | 6,219 | |
* | KAR Auction Services Inc. | 326,306 | 6,024 |
* | Abercrombie & Fitch Co. Class A | 157,921 | 6,014 |
Rush Enterprises Inc. Class A | 114,565 | 5,951 | |
Bloomin' Brands Inc. | 239,476 | 5,894 | |
John Wiley & Sons Inc. Class A | 116,427 | 5,857 | |
* | Vista Outdoor Inc. | 155,285 | 5,660 |
Winnebago Industries Inc. | 87,392 | 5,599 |
Shares | Market Value• ($000) | ||
* | Madison Square Garden Entertainment Corp. | 70,625 | 5,534 |
* | ODP Corp. | 124,471 | 5,477 |
* | Everi Holdings Inc. | 231,021 | 5,406 |
* | PROG Holdings Inc. | 176,331 | 5,403 |
Gray Television Inc. | 230,334 | 5,397 | |
*,1 | Fisker Inc. | 441,770 | 5,390 |
* | Cheesecake Factory Inc. | 124,556 | 5,330 |
* | Sally Beauty Holdings Inc. | 304,075 | 5,254 |
* | Knowles Corp. | 240,748 | 5,243 |
* | Brinker International Inc. | 122,766 | 5,222 |
Century Communities Inc. | 81,008 | 5,162 | |
* | Cinemark Holdings Inc. | 292,167 | 5,125 |
* | Urban Outfitters Inc. | 185,100 | 5,092 |
Jack in the Box Inc. | 58,881 | 5,080 | |
* | Cardlytics Inc. | 87,370 | 5,067 |
* | Dave & Buster's Entertainment Inc. | 116,792 | 5,062 |
Rent-A-Center Inc. | 177,935 | 5,055 | |
Wolverine World Wide Inc. | 219,239 | 5,049 | |
* | Central Garden & Pet Co. Class A | 109,067 | 4,803 |
HNI Corp. | 117,665 | 4,788 | |
*,1 | Bed Bath & Beyond Inc. | 274,010 | 4,628 |
* | Revolve Group Inc. | 97,091 | 4,605 |
PriceSmart Inc. | 63,318 | 4,604 | |
* | Lions Gate Entertainment Corp. Class B | 319,099 | 4,547 |
* | iRobot Corp. | 72,339 | 4,497 |
Inter Parfums Inc. | 48,384 | 4,494 | |
Monro Inc. | 89,465 | 4,176 | |
Acushnet Holdings Corp. | 92,491 | 4,051 | |
* | Coursera Inc. | 196,754 | 4,000 |
Dillard's Inc. Class A | 15,782 | 3,957 | |
* | Sleep Number Corp. | 59,809 | 3,929 |
* | Malibu Boats Inc. Class A | 56,080 | 3,907 |
Strategic Education Inc. | 65,950 | 3,892 | |
Oxford Industries Inc. | 43,388 | 3,835 | |
* | M/I Homes Inc. | 77,328 | 3,812 |
* | SkyWest Inc. | 134,545 | 3,782 |
* | Stride Inc. | 112,135 | 3,765 |
Sinclair Broadcast Group Inc. Class A | 124,107 | 3,723 | |
Dine Brands Global Inc. | 43,956 | 3,685 | |
* | Clear Channel Outdoor Holdings Inc. | 981,654 | 3,671 |
* | Tenneco Inc. Class A | 183,794 | 3,544 |
* | XPEL Inc. | 48,494 | 3,521 |
La-Z-Boy Inc. | 118,960 | 3,471 | |
Camping World Holdings Inc. Class A | 112,716 | 3,462 | |
* | elf Beauty Inc. | 130,356 | 3,445 |
* | EW Scripps Co. Class A | 154,704 | 3,444 |
Sturm Ruger & Co. Inc. | 46,308 | 3,353 | |
* | G-III Apparel Group Ltd. | 119,104 | 3,304 |
* | AMC Networks Inc. Class A | 78,402 | 3,250 |
Franchise Group Inc. | 76,692 | 3,233 | |
* | Bally's Corp. | 88,133 | 3,175 |
Sonic Automotive Inc. Class A | 58,548 | 3,145 | |
* | Clean Energy Fuels Corp. | 418,180 | 3,040 |
Big Lots Inc. | 86,783 | 3,017 | |
* | GoPro Inc. Class A | 348,851 | 3,000 |
Scholastic Corp. | 71,227 | 2,997 | |
* | Cars.com Inc. | 184,651 | 2,988 |
Shares | Market Value• ($000) | ||
Laureate Education Inc. Class A | 267,710 | 2,902 | |
Buckle Inc. | 80,582 | 2,901 | |
Steelcase Inc. Class A | 234,932 | 2,859 | |
* | American Axle & Manufacturing Holdings Inc. | 303,853 | 2,814 |
* | Adtalem Global Education Inc. | 134,012 | 2,785 |
* | Imax Corp. | 134,542 | 2,782 |
Matthews International Corp. Class A | 83,436 | 2,768 | |
* | Stitch Fix Inc. Class A | 220,588 | 2,768 |
* | Monarch Casino & Resort Inc. | 35,485 | 2,764 |
Arko Corp. | 325,050 | 2,714 | |
* | Denny's Corp. | 166,880 | 2,640 |
* | Golden Entertainment Inc. | 46,341 | 2,638 |
* | Hawaiian Holdings Inc. | 136,138 | 2,611 |
* | MarineMax Inc. | 56,944 | 2,606 |
* | Zumiez Inc. | 57,705 | 2,567 |
* | Genesco Inc. | 39,992 | 2,565 |
* | Liberty Media Corp.- Liberty Braves Class C | 101,865 | 2,516 |
Standard Motor Products Inc. | 56,353 | 2,463 | |
*,1 | Blink Charging Co. | 98,779 | 2,428 |
* | Lions Gate Entertainment Corp. Class A | 156,661 | 2,406 |
* | Tupperware Brands Corp. | 131,944 | 2,405 |
* | Children's Place Inc. | 37,984 | 2,391 |
Guess? Inc. | 108,339 | 2,373 | |
* | Sun Country Airlines Holdings Inc. | 87,260 | 2,360 |
Smith & Wesson Brands Inc. | 129,746 | 2,287 | |
* | PowerSchool Holdings Inc. Class A | 144,866 | 2,282 |
Ruth's Hospitality Group Inc. | 88,648 | 2,199 | |
Winmark Corp. | 9,393 | 2,125 | |
* | Designer Brands Inc. Class A | 162,718 | 2,123 |
* | Arlo Technologies Inc. | 226,964 | 2,106 |
Caleres Inc. | 99,638 | 2,068 | |
* | 2U Inc. | 195,961 | 2,058 |
Carriage Services Inc. Class A | 41,724 | 2,053 | |
Interface Inc. Class A | 156,909 | 2,048 | |
* | Accel Entertainment Inc. Class A | 152,298 | 1,994 |
* | Perdoceo Education Corp. | 189,135 | 1,980 |
* | BJ's Restaurants Inc. | 60,943 | 1,954 |
* | Green Brick Partners Inc. | 83,387 | 1,934 |
* | RealReal Inc. | 214,920 | 1,915 |
* | Viad Corp. | 54,538 | 1,906 |
* | Gannett Co. Inc. | 380,801 | 1,889 |
Hibbett Inc. | 40,299 | 1,817 | |
Aaron's Co. Inc. | 84,595 | 1,776 | |
* | Chuy's Holdings Inc. | 53,546 | 1,746 |
* | Fossil Group Inc. | 128,780 | 1,741 |
A-Mark Precious Metals Inc. | 24,271 | 1,740 | |
*,1 | Corsair Gaming Inc. | 73,877 | 1,705 |
Movado Group Inc. | 42,185 | 1,663 | |
*,1 | Canoo Inc. | 286,020 | 1,642 |
* | Life Time Group Holdings Inc. | 105,155 | 1,635 |
Shares | Market Value• ($000) | ||
Clarus Corp. | 71,402 | 1,626 | |
* | Quotient Technology Inc. | 242,895 | 1,613 |
*,1 | Portillo's Inc. Class A | 63,846 | 1,600 |
Ethan Allen Interiors Inc. | 60,794 | 1,584 | |
* | America's Car-Mart Inc. | 16,287 | 1,566 |
* | Boston Omaha Corp. Class A | 54,807 | 1,534 |
* | Chico's FAS Inc. | 325,522 | 1,530 |
* | QuinStreet Inc. | 135,607 | 1,526 |
* | Latham Group Inc. | 85,843 | 1,501 |
* | OneSpaWorld Holdings Ltd. | 144,726 | 1,496 |
* | Rush Street Interactive Inc. | 142,064 | 1,468 |
* | Lindblad Expeditions Holdings Inc. | 82,600 | 1,465 |
* | Lovesac Co. | 34,428 | 1,463 |
RCI Hospitality Holdings Inc. | 22,465 | 1,458 | |
* | Master Craft Boat Holdings Inc. | 50,502 | 1,446 |
* | WW International Inc. | 141,418 | 1,441 |
* | TravelCenters of America Inc. | 33,647 | 1,421 |
OneWater Marine Inc. Class A | 27,879 | 1,417 | |
Shoe Carnival Inc. | 47,616 | 1,388 | |
* | Hovnanian Enterprises Inc. Class A | 14,063 | 1,352 |
* | Sportsman's Warehouse Holdings Inc. | 117,479 | 1,340 |
* | Beazer Homes USA Inc. | 79,054 | 1,294 |
* | Party City Holdco Inc. | 298,343 | 1,292 |
* | Stagwell Inc. | 167,514 | 1,270 |
* | Funko Inc. Class A | 72,551 | 1,267 |
* | Central Garden & Pet Co. | 26,728 | 1,265 |
Haverty Furniture Cos. Inc. | 44,054 | 1,252 | |
* | LL Flooring Holdings Inc. | 77,658 | 1,247 |
* | Liquidity Services Inc. | 71,423 | 1,231 |
*,1 | Frontier Group Holdings Inc. | 93,714 | 1,207 |
Johnson Outdoors Inc. Class A | 14,149 | 1,167 | |
* | Stoneridge Inc. | 70,341 | 1,161 |
* | Universal Electronics Inc. | 34,212 | 1,137 |
* | Marcus Corp. | 62,265 | 1,132 |
* | Selectquote Inc. | 361,574 | 1,125 |
* | 1-800-Flowers.com Inc. Class A | 71,961 | 1,114 |
* | AMMO Inc. | 235,177 | 1,108 |
* | CarParts.com Inc. | 131,626 | 1,102 |
* | Bluegreen Vacations Holding Class A | 38,630 | 1,095 |
Global Industrial Co. | 34,391 | 1,093 | |
*,1 | Lordstown Motors Corp. Class A | 416,345 | 1,070 |
* | Daily Journal Corp. | 3,251 | 1,051 |
Entravision Communications Corp. Class A | 162,794 | 1,042 | |
* | American Public Education Inc. | 50,784 | 1,014 |
Del Taco Restaurants Inc. | 80,555 | 1,005 | |
* | Audacy Inc. Class A | 323,097 | 1,002 |
* | Turtle Beach Corp. | 41,365 | 983 |
Cato Corp. Class A | 54,109 | 952 |
Shares | Market Value• ($000) | ||
* | Golden Nugget Online Gaming Inc. | 108,844 | 936 |
1 | Big 5 Sporting Goods Corp. | 56,251 | 932 |
* | Purple Innovation Inc. Class A | 154,503 | 930 |
1 | Krispy Kreme Inc. | 60,570 | 903 |
Kimball International Inc. Class B | 97,267 | 902 | |
* | Century Casinos Inc. | 73,206 | 900 |
*,1 | Vuzix Corp. | 157,830 | 893 |
* | Conn's Inc. | 48,321 | 886 |
* | European Wax Center Inc. Class A | 35,564 | 884 |
* | Citi Trends Inc. | 23,296 | 869 |
* | Integral Ad Science Holding Corp. | 46,447 | 869 |
* | F45 Training Holdings Inc. | 55,255 | 850 |
Rush Enterprises Inc. Class B | 16,865 | 827 | |
* | Motorcar Parts of America Inc. | 51,105 | 825 |
Tilly's Inc. Class A | 61,777 | 785 | |
* | Full House Resorts Inc. | 87,671 | 772 |
* | Container Store Group Inc. | 85,183 | 752 |
* | Red Robin Gourmet Burgers Inc. | 42,793 | 751 |
* | Noodles & Co. Class A | 109,338 | 748 |
* | Instructure Holdings Inc. | 32,961 | 739 |
* | Snap One Holdings Corp. | 36,519 | 717 |
Rocky Brands Inc. | 18,433 | 710 | |
* | El Pollo Loco Holdings Inc. | 52,041 | 691 |
*,1 | Genius Brands International Inc. | 773,353 | 687 |
* | Lands' End Inc. | 39,358 | 668 |
* | Barnes & Noble Education Inc. | 121,594 | 666 |
Hooker Furnishings Corp. | 31,388 | 659 | |
* | ONE Group Hospitality Inc. | 55,811 | 655 |
Superior Group of Cos. Inc. | 31,453 | 645 | |
* | Alta Equipment Group Inc. | 50,814 | 641 |
*,1 | Romeo Power Inc. | 346,564 | 634 |
* | Thryv Holdings Inc. | 20,681 | 629 |
* | PlayAGS Inc. | 74,863 | 627 |
* | NEOGAMES SA | 27,575 | 623 |
* | Liberty Media Corp.- Liberty Braves Class A | 23,868 | 612 |
* | Traeger Inc. | 61,960 | 612 |
* | American Outdoor Brands Inc. | 38,869 | 608 |
* | Eastman Kodak Co. | 122,708 | 585 |
* | Kura Sushi USA Inc. Class A | 10,862 | 572 |
* | Cooper-Standard Holdings Inc. | 44,616 | 568 |
* | Legacy Housing Corp. | 21,830 | 556 |
1 | Weber Inc. Class A | 47,646 | 544 |
* | Xponential Fitness Inc. Class A | 25,624 | 537 |
* | Vera Bradley Inc. | 70,838 | 536 |
* | Kirkland's Inc. | 35,709 | 494 |
* | Fiesta Restaurant Group Inc. | 48,493 | 488 |
Shares | Market Value• ($000) | ||
* | Udemy Inc. | 36,969 | 488 |
National CineMedia Inc. | 161,797 | 481 | |
* | VOXX International Corp. Class A | 42,757 | 459 |
* | Duluth Holdings Inc. Class B | 32,576 | 454 |
Lifetime Brands Inc. | 34,220 | 448 | |
Bassett Furniture Industries Inc. | 25,396 | 446 | |
*,1 | Arcimoto Inc. | 75,243 | 442 |
Nathan's Famous Inc. | 7,553 | 439 | |
* | First Watch Restaurant Group Inc. | 30,112 | 437 |
* | Liberty TripAdvisor Holdings Inc. Class A | 199,653 | 423 |
* | Mesa Air Group Inc. | 93,822 | 408 |
* | CarLotz Inc. | 198,432 | 401 |
* | Nautilus Inc. | 81,888 | 399 |
Flexsteel Industries Inc. | 18,124 | 391 | |
* | Lazydays Holdings Inc. | 20,538 | 374 |
Escalade Inc. | 27,051 | 358 | |
1 | JOANN Inc. | 31,449 | 358 |
*,1 | Shift Technologies Inc. | 170,258 | 344 |
*,1 | Solo Brands Inc. Class A | 31,167 | 329 |
Hamilton Beach Brands Holding Co. Class A | 20,399 | 308 | |
* | Biglari Holdings Inc. Class B | 2,203 | 303 |
* | Torrid Holdings Inc. | 34,464 | 302 |
* | Drive Shack Inc. | 226,278 | 301 |
* | Outbrain Inc. | 22,623 | 295 |
* | Eros STX Global Corp. | 87,477 | 277 |
*,1 | Rent the Runway Inc. Class A | 45,350 | 275 |
Marine Products Corp. | 21,675 | 262 | |
* | CuriosityStream Inc. | 71,467 | 262 |
*,1 | Esports Technologies Inc. | 30,094 | 249 |
Carrols Restaurant Group Inc. | 91,655 | 242 | |
* | Emerald Holding Inc. | 66,389 | 238 |
* | Stonemor Inc. | 88,235 | ��� 229 |
*,1 | Aterian Inc. | 70,065 | 209 |
* | Regis Corp. | 113,352 | 205 |
* | Chicken Soup For The Soul Entertainment Inc. | 19,827 | 192 |
* | Revlon Inc. Class A | 19,537 | 189 |
* | aka Brands Holding Corp. | 24,985 | 188 |
* | Landsea Homes Corp. | 28,398 | 185 |
*,1 | XL Fleet Corp. | 93,856 | 183 |
* | Fluent Inc. | 121,472 | 172 |
* | Hall of Fame Resort & Entertainment Co. | 150,662 | 160 |
* | Lulu's Fashion Lounge Holdings Inc. | 15,083 | 150 |
NL Industries Inc. | 21,940 | 140 | |
*,1 | LiveOne Inc. | 163,260 | 140 |
* | HyreCar Inc. | 47,673 | 130 |
*,1 | Dutch Bros Inc. Class A | 1,989 | 96 |
CompX International Inc. | 4,275 | 94 | |
*,1 | Sweetgreen Inc. Class A | 2,581 | 65 |
* | Arhaus Inc. | 9,054 | 60 |
* | Brilliant Earth Group Inc. Class A | 4,279 | 39 |
* | Digital Media Solutions Inc. Class A | 7,973 | 27 |
* | Allbirds Inc. Class A | 1,797 | 14 |
1,040,773 |
Shares | Market Value• ($000) | ||
Consumer Staples (3.1%) | |||
* | Performance Food Group Co. | 409,628 | 22,956 |
Sanderson Farms Inc. | 54,848 | 9,795 | |
* | Celsius Holdings Inc. | 145,550 | 9,299 |
* | Simply Good Foods Co. | 229,837 | 9,108 |
* | Sprouts Farmers Market Inc. | 304,454 | 8,671 |
Lancaster Colony Corp. | 51,302 | 8,630 | |
* | Hostess Brands Inc. Class A | 373,727 | 8,050 |
WD-40 Co. | 36,935 | 7,826 | |
J & J Snack Foods Corp. | 39,831 | 6,521 | |
Coca-Cola Consolidated Inc. | 12,762 | 6,342 | |
Nu Skin Enterprises Inc. Class A | 134,129 | 6,222 | |
Primo Water Corp. | 424,385 | 6,171 | |
Energizer Holdings Inc. | 183,577 | 6,130 | |
* | United Natural Foods Inc. | 150,558 | 6,057 |
Medifast Inc. | 31,080 | 5,781 | |
* | TreeHouse Foods Inc. | 140,569 | 5,517 |
Edgewell Personal Care Co. | 146,505 | 5,227 | |
B&G Foods Inc. | 172,893 | 5,118 | |
Cal-Maine Foods Inc. | 110,036 | 4,871 | |
* | Beauty Health Co. | 232,934 | 4,514 |
Vector Group Ltd. | 388,386 | 4,354 | |
Andersons Inc. | 85,025 | 3,877 | |
Universal Corp. | 65,006 | 3,517 | |
Ingles Markets Inc. Class A | 37,894 | 3,116 | |
MGP Ingredients Inc. | 38,158 | 3,038 | |
* | USANA Health Sciences Inc. | 32,410 | 2,852 |
National Beverage Corp. | 63,441 | 2,792 | |
* | Chefs' Warehouse Inc. | 84,511 | 2,776 |
*,1 | BellRing Brands Inc. Class A | 107,573 | 2,751 |
Weis Markets Inc. | 44,263 | 2,730 | |
SpartanNash Co. | 96,631 | 2,719 | |
Utz Brands Inc. | 159,438 | 2,431 | |
Fresh Del Monte Produce Inc. | 90,341 | 2,338 | |
ACCO Brands Corp. | 251,530 | 2,163 | |
* | Hydrofarm Holdings Group Inc. | 104,890 | 2,124 |
Calavo Growers Inc. | 46,238 | 1,974 | |
John B Sanfilippo & Son Inc. | 24,081 | 1,915 | |
* | Duckhorn Portfolio Inc. | 97,085 | 1,905 |
*,1 | Tattooed Chef Inc. | 127,513 | 1,548 |
PetMed Express Inc. | 54,763 | 1,476 | |
Tootsie Roll Industries Inc. | 41,310 | 1,394 | |
*,1 | Rite Aid Corp. | 150,113 | 1,375 |
* | Honest Co. Inc. | 230,411 | 1,332 |
Turning Point Brands Inc. | 39,206 | 1,314 | |
* | Mission Produce Inc. | 99,820 | 1,296 |
*,1 | GrowGeneration Corp. | 148,761 | 1,251 |
*,1 | PLBY Group Inc. | 77,699 | 1,237 |
*,1 | 22nd Century Group Inc. | 432,985 | 1,013 |
* | Veru Inc. | 172,611 | 965 |
* | Whole Earth Brands Inc. | 100,640 | 955 |
* | Vital Farms Inc. | 66,761 | 951 |
* | Sovos Brands Inc. | 69,743 | 847 |
* | Landec Corp. | 71,743 | 827 |
* | Seneca Foods Corp. Class A | 16,578 | 825 |
Shares | Market Value• ($000) | ||
*,1 | AppHarvest Inc. | 191,215 | 730 |
Limoneira Co. | 42,419 | 619 | |
* | HF Foods Group Inc. | 98,045 | 613 |
Nature's Sunshine Products Inc. | 32,468 | 569 | |
Village Super Market Inc. Class A | 23,431 | 534 | |
Oil-Dri Corp. of America | 14,298 | 442 | |
Natural Grocers by Vitamin Cottage Inc. | 25,657 | 435 | |
* | Vita Coco Co. Inc. | 29,197 | 338 |
*,1 | NewAge Inc. | 365,521 | 247 |
* | AquaBounty Technologies Inc. | 143,736 | 229 |
* | Zevia PBC Class A | 27,669 | 173 |
*,1 | Laird Superfood Inc. | 17,269 | 106 |
* | MedAvail Holdings Inc. | 32,186 | 39 |
* | Greenlane Holdings Inc. Class A | 44,596 | 24 |
* | Real Good Food Co. Inc. | 2,268 | 14 |
225,896 | |||
Energy (5.9%) | |||
Ovintiv Inc. (XNYS) | 708,296 | 32,475 | |
Chesapeake Energy Corp. | 283,721 | 21,917 | |
* | Antero Resources Corp. | 773,241 | 17,730 |
PDC Energy Inc. | 263,506 | 17,001 | |
* | Range Resources Corp. | 646,156 | 14,829 |
Matador Resources Co. | 298,952 | 14,828 | |
Murphy Oil Corp. | 395,621 | 13,716 | |
* | Southwestern Energy Co. | 2,746,382 | 13,704 |
ChampionX Corp. | 547,714 | 11,727 | |
SM Energy Co. | 323,845 | 11,500 | |
Helmerich & Payne Inc. | 284,298 | 10,300 | |
* | Denbury Inc. | 136,167 | 9,894 |
* | CNX Resources Corp. | 566,242 | 9,252 |
California Resources Corp. | 219,368 | 9,045 | |
Magnolia Oil & Gas Corp. Class A | 389,222 | 8,699 | |
Whiting Petroleum Corp. | 106,389 | 7,857 | |
Cactus Inc. Class A | 149,736 | 7,586 | |
* | Renewable Energy Group Inc. | 120,716 | 7,424 |
Patterson-UTI Energy Inc. | 504,114 | 7,274 | |
* | Callon Petroleum Co. | 128,560 | 7,246 |
Oasis Petroleum Inc. | 53,551 | 7,096 | |
Equitrans Midstream Corp. | 1,104,016 | 7,077 | |
Arcosa Inc. | 130,685 | 6,883 | |
*,1 | FuelCell Energy Inc. | 997,955 | 5,988 |
Civitas Resources Inc. | 117,397 | 5,925 | |
* | Kosmos Energy Ltd. | 1,211,132 | 5,886 |
* | Ameresco Inc. Class A | 83,579 | 5,370 |
Arch Resources Inc. | 40,810 | 4,872 | |
World Fuel Services Corp. | 168,735 | 4,782 | |
* | Golar LNG Ltd. | 273,607 | 4,761 |
* | Centennial Resource Development Inc. Class A | 498,162 | 4,374 |
Warrior Met Coal Inc. | 138,854 | 4,374 | |
* | PBF Energy Inc. Class A | 259,833 | 4,318 |
* | Green Plains Inc. | 129,222 | 4,231 |
* | Peabody Energy Corp. | 240,290 | 4,167 |
* | Oceaneering International Inc. | 268,996 | 3,938 |
* | Array Technologies Inc. | 345,477 | 3,883 |
* | SunPower Corp. | 216,419 | 3,880 |
Shares | Market Value• ($000) | ||
*,1 | Tellurian Inc. | 1,002,142 | 3,818 |
* | NexTier Oilfield Solutions Inc. | 467,147 | 3,719 |
Northern Oil and Gas Inc. | 141,078 | 3,538 | |
* | Liberty Oilfield Services Inc. Class A | 245,488 | 3,064 |
* | Delek US Holdings Inc. | 177,274 | 3,054 |
Archrock Inc. | 363,425 | 3,035 | |
* | ProPetro Holding Corp. | 233,065 | 2,976 |
* | Stem Inc. | 308,559 | 2,938 |
* | CONSOL Energy Inc. | 92,550 | 2,845 |
* | NOW Inc. | 298,150 | 2,785 |
* | Dril-Quip Inc. | 94,799 | 2,734 |
Brigham Minerals Inc. Class A | 117,907 | 2,686 | |
* | Laredo Petroleum Inc. | 33,846 | 2,591 |
* | Nabors Industries Ltd. (XNYS) | 19,030 | 2,389 |
* | MRC Global Inc. | 217,356 | 2,195 |
* | Bristow Group Inc. | 63,933 | 2,119 |
* | Comstock Resources Inc. | 247,518 | 2,054 |
* | Expro Group Holdings NV | 125,748 | 2,023 |
* | Ranger Oil Corp. Class A | 57,034 | 1,925 |
*,1 | Gevo Inc. | 534,354 | 1,897 |
Berry Corp. | 182,114 | 1,821 | |
SunCoke Energy Inc. | 224,379 | 1,779 | |
* | Par Pacific Holdings Inc. | 120,930 | 1,645 |
* | Tidewater Inc. | 110,939 | 1,643 |
* | RPC Inc. | 181,971 | 1,596 |
* | Talos Energy Inc. | 100,909 | 1,585 |
* | Helix Energy Solutions Group Inc. | 386,722 | 1,566 |
* | DMC Global Inc. | 50,216 | 1,476 |
* | Select Energy Services Inc. Class A | 169,616 | 1,404 |
CVR Energy Inc. | 79,940 | 1,390 | |
* | REX American Resources Corp. | 14,322 | 1,353 |
* | TPI Composites Inc. | 96,959 | 1,311 |
* | W&T Offshore Inc. | 252,782 | 1,229 |
* | Crescent Energy Inc. Class A | 79,948 | 1,211 |
* | Centrus Energy Corp. Class A | 26,042 | 1,179 |
* | TETRA Technologies Inc. | 330,311 | 1,057 |
* | Aemetis Inc. | 73,940 | 948 |
* | Newpark Resources Inc. | 244,738 | 923 |
* | National Energy Services Reunited Corp. | 102,664 | 915 |
Solaris Oilfield Infrastructure Inc. Class A | 86,054 | 895 | |
* | Earthstone Energy Inc. Class A | 68,153 | 886 |
* | Oil States International Inc. | 165,897 | 868 |
* | American Superconductor Corp. | 75,595 | 642 |
* | FTS International Inc. Class A | 23,924 | 633 |
Falcon Minerals Corp. | 106,870 | 613 | |
Kinetik Holdings Inc. | 8,795 | 598 | |
* | Matrix Service Co. | 71,551 | 497 |
*,1 | Beam Global | 24,397 | 354 |
HighPeak Energy Inc. | 13,867 | 293 | |
*,1 | FTC Solar Inc. | 52,125 | 246 |
Riley Exploration Permian Inc. | 6,534 | 219 |
Shares | Market Value• ($000) | ||
*,1 | Advent Technologies Holdings Inc. | 42,068 | 109 |
* | Nabors Industries Ltd. Warrants Exp. 6/11/26 | 5,784 | 81 |
* | Fluence Energy Inc. | 5,220 | 71 |
433,230 | |||
Financials (16.6%) | |||
SouthState Corp. | 188,802 | 16,992 | |
First Financial Bankshares Inc. | 351,056 | 16,823 | |
Glacier Bancorp Inc. | 297,925 | 16,505 | |
Cadence Bank | 508,272 | 16,072 | |
Valley National Bancorp | 1,082,483 | 15,122 | |
Old National Bancorp | 796,026 | 14,551 | |
Houlihan Lokey Inc. Class A | 138,073 | 14,202 | |
Blackstone Mortgage Trust Inc. Class A | 425,066 | 13,509 | |
Selective Insurance Group Inc. | 160,561 | 13,357 | |
United Bankshares Inc. | 356,578 | 13,058 | |
Hancock Whitney Corp. | 233,917 | 13,024 | |
Essent Group Ltd. | 292,764 | 12,934 | |
Kinsale Capital Group Inc. | 58,125 | 12,192 | |
UMB Financial Corp. | 118,345 | 12,055 | |
ServisFirst Bancshares Inc. | 134,831 | 11,782 | |
Radian Group Inc. | 487,031 | 11,640 | |
RLI Corp. | 108,079 | 10,970 | |
United Community Banks Inc. | 283,303 | 10,952 | |
Walker & Dunlop Inc. | 79,042 | 10,935 | |
Independent Bank Corp. (XNGS) | 123,679 | 10,638 | |
BankUnited Inc. | 240,554 | 10,632 | |
Community Bank System Inc. | 144,799 | 10,562 | |
Investors Bancorp Inc. | 618,822 | 10,359 | |
Eastern Bankshares Inc. | 464,309 | 10,150 | |
Associated Banc-Corp. | 402,006 | 9,805 | |
Pacific Premier Bancorp Inc. | 253,103 | 9,798 | |
Home BancShares Inc. | 411,736 | 9,639 | |
First Interstate BancSystem Inc. Class A | 237,021 | 9,623 | |
* | Enstar Group Ltd. | 33,493 | 9,547 |
* | Silvergate Capital Corp. Class A | 74,281 | 9,514 |
Cathay General Bancorp | 200,453 | 9,427 | |
* | Trupanion Inc. | 103,047 | 9,236 |
* | Texas Capital Bancshares Inc. | 137,131 | 9,133 |
Ameris Bancorp | 179,901 | 8,905 | |
WSFS Financial Corp. | 174,929 | 8,892 | |
Simmons First National Corp. Class A | 307,788 | 8,778 | |
* | Mr Cooper Group Inc. | 167,342 | 8,506 |
* | Axos Financial Inc. | 153,964 | 8,428 |
American Equity Investment Life Holding Co. | 223,289 | 8,416 | |
Atlantic Union Bankshares Corp. | 203,701 | 8,276 | |
CVB Financial Corp. | 349,476 | 8,241 | |
Federated Hermes Inc. | 251,345 | 8,211 | |
* | Focus Financial Partners Inc. Class A | 161,092 | 8,061 |
Shares | Market Value• ($000) | ||
CNO Financial Group Inc. | 332,684 | 8,041 | |
Moelis & Co. Class A | 165,430 | 7,975 | |
Independent Bank Group Inc. | 101,746 | 7,850 | |
Chimera Investment Corp. | 637,690 | 7,761 | |
Columbia Banking System Inc. | 211,836 | 7,760 | |
Fulton Financial Corp. | 429,930 | 7,747 | |
FirstCash Holdings Inc. | 107,366 | 7,735 | |
First BanCorp. (XNYS) | 547,260 | 7,727 | |
Navient Corp. | 427,955 | 7,536 | |
Hamilton Lane Inc. Class A | 94,334 | 7,367 | |
Piper Sandler Cos. | 47,315 | 7,003 | |
Arbor Realty Trust Inc. | 388,567 | 6,994 | |
First Merchants Corp. | 154,057 | 6,738 | |
*,1 | Marathon Digital Holdings Inc. | 257,553 | 6,529 |
Flagstar Bancorp Inc. | 140,636 | 6,410 | |
* | Triumph Bancorp Inc. | 63,550 | 6,375 |
International Bancshares Corp. | 145,055 | 6,239 | |
Washington Federal Inc. | 175,181 | 6,233 | |
First Financial Bancorp | 250,243 | 6,151 | |
* | Cannae Holdings Inc. | 228,638 | 6,139 |
WesBanco Inc. | 165,590 | 6,051 | |
Artisan Partners Asset Management Inc. Class A | 158,384 | 6,036 | |
* | Open Lending Corp. Class A | 281,141 | 5,856 |
Sandy Spring Bancorp Inc. | 120,843 | 5,690 | |
Banner Corp. | 92,088 | 5,674 | |
Towne Bank | 181,712 | 5,666 | |
* | Genworth Financial Inc. Class A | 1,371,908 | 5,570 |
Live Oak Bancshares Inc. | 86,059 | 5,503 | |
Cohen & Steers Inc. | 67,169 | 5,458 | |
Renasant Corp. | 147,921 | 5,401 | |
Heartland Financial USA Inc. | 108,763 | 5,397 | |
Hope Bancorp Inc. | 312,503 | 5,300 | |
Trustmark Corp. | 168,090 | 5,293 | |
Lakeland Financial Corp. | 65,805 | 5,278 | |
* | NMI Holdings Inc. Class A | 226,990 | 5,253 |
Veritex Holdings Inc. | 128,663 | 5,228 | |
Park National Corp. | 38,888 | 5,213 | |
* | PRA Group Inc. | 116,774 | 5,212 |
Bank of NT Butterfield & Son Ltd. | 135,634 | 5,208 | |
* | Encore Capital Group Inc. | 78,699 | 5,193 |
Hilltop Holdings Inc. | 167,064 | 5,166 | |
Seacoast Banking Corp. of Florida | 140,779 | 5,160 | |
Eagle Bancorp Inc. | 85,502 | 5,123 | |
* | Customers Bancorp Inc. | 80,700 | 4,967 |
* | LendingClub Corp. | 267,262 | 4,966 |
Apollo Commercial Real Estate Finance Inc. | 378,445 | 4,939 | |
Stewart Information Services Corp. | 71,987 | 4,886 | |
PennyMac Financial Services Inc. | 84,368 | 4,872 | |
Provident Financial Services Inc. | 205,150 | 4,868 | |
MFA Financial Inc. | 1,198,749 | 4,867 | |
Virtus Investment Partners Inc. | 19,776 | 4,759 |
Shares | Market Value• ($000) | ||
Enterprise Financial Services Corp. | 95,823 | 4,737 | |
Two Harbors Investment Corp. | 930,797 | 4,710 | |
Horace Mann Educators Corp. | 112,956 | 4,698 | |
Meta Financial Group Inc. | 84,817 | 4,698 | |
Northwest Bancshares Inc. | 331,304 | 4,665 | |
iStar Inc. | 181,672 | 4,564 | |
NBT Bancorp Inc. | 113,942 | 4,372 | |
* | Palomar Holdings Inc. | 66,500 | 4,285 |
Goosehead Insurance Inc. Class A | 48,895 | 4,253 | |
Westamerica BanCorp. | 70,407 | 4,177 | |
First Bancorp (XNGS) | 92,900 | 4,169 | |
* | Riot Blockchain Inc. | 240,472 | 4,143 |
* | Bancorp Inc. | 141,344 | 4,141 |
PennyMac Mortgage Investment Trust | 264,425 | 4,125 | |
First Commonwealth Financial Corp. | 254,768 | 4,115 | |
Berkshire Hills Bancorp Inc. | 132,116 | 4,109 | |
PJT Partners Inc. Class A | 63,917 | 4,079 | |
* | Enova International Inc. | 98,108 | 4,000 |
FB Financial Corp. | 89,868 | 3,994 | |
BGC Partners Inc. Class A | 852,671 | 3,905 | |
Capitol Federal Financial Inc. | 350,782 | 3,831 | |
American National Group Inc. | 20,142 | 3,807 | |
* | LendingTree Inc. | 31,433 | 3,804 |
StepStone Group Inc. Class A | 109,490 | 3,781 | |
Brightsphere Investment Group Inc. | 156,998 | 3,748 | |
OFG Bancorp | 132,645 | 3,738 | |
First Busey Corp. | 135,784 | 3,727 | |
Nelnet Inc. Class A | 45,819 | 3,691 | |
BancFirst Corp. | 46,415 | 3,626 | |
Argo Group International Holdings Ltd. | 85,765 | 3,617 | |
New York Mortgage Trust Inc. | 1,025,972 | 3,601 | |
Brookline Bancorp Inc. | 207,171 | 3,551 | |
* | BRP Group Inc. Class A | 127,734 | 3,547 |
OceanFirst Financial Corp. | 157,397 | 3,523 | |
Ladder Capital Corp. Class A | 306,531 | 3,513 | |
Southside Bancshares Inc. | 84,219 | 3,511 | |
ProAssurance Corp. | 145,377 | 3,504 | |
National Bank Holdings Corp. Class A | 78,630 | 3,490 | |
Stock Yards Bancorp Inc. | 65,056 | 3,479 | |
* | StoneX Group Inc. | 45,250 | 3,414 |
ConnectOne Bancorp Inc. | 100,560 | 3,318 | |
B Riley Financial Inc. | 54,684 | 3,256 | |
Safety Insurance Group Inc. | 39,017 | 3,256 | |
S&T Bancorp Inc. | 104,500 | 3,249 | |
Redwood Trust Inc. | 310,643 | 3,228 | |
TriCo Bancshares | 74,278 | 3,224 | |
City Holding Co. | 40,306 | 3,211 | |
* | Nicolet Bankshares Inc. | 33,675 | 3,208 |
Dime Community Bancshares Inc. | 93,279 | 3,171 |
Shares | Market Value• ($000) | ||
Federal Agricultural Mortgage Corp. Class C | 24,750 | 3,062 | |
Premier Financial Corp. | 99,752 | 3,059 | |
Tompkins Financial Corp. | 38,049 | 3,010 | |
Broadmark Realty Capital Inc. | 347,581 | 3,010 | |
Lakeland Bancorp Inc. | 165,630 | 2,988 | |
Employers Holdings Inc. | 75,606 | 2,938 | |
Preferred Bank | 37,097 | 2,911 | |
Banc of California Inc. | 147,789 | 2,904 | |
First Foundation Inc. | 107,080 | 2,856 | |
HomeStreet Inc. | 53,810 | 2,769 | |
Origin Bancorp Inc. | 59,871 | 2,765 | |
* | Metropolitan Bank Holding Corp. | 26,403 | 2,700 |
German American Bancorp Inc. | 66,453 | 2,644 | |
James River Group Holdings Ltd. | 98,735 | 2,626 | |
* | Blucora Inc. | 131,314 | 2,613 |
* | MoneyGram International Inc. | 241,688 | 2,596 |
* | TriState Capital Holdings Inc. | 77,829 | 2,584 |
Ellington Financial Inc. | 145,963 | 2,579 | |
State Auto Financial Corp. | 48,171 | 2,505 | |
Washington Trust Bancorp Inc. | 45,983 | 2,495 | |
Heritage Financial Corp. | 93,467 | 2,451 | |
AMERISAFE Inc. | 51,622 | 2,431 | |
Kearny Financial Corp. | 183,199 | 2,420 | |
Ready Capital Corp. | 161,504 | 2,398 | |
Amerant Bancorp Inc. | 72,642 | 2,357 | |
Horizon Bancorp Inc. | 115,281 | 2,315 | |
* | World Acceptance Corp. | 11,638 | 2,287 |
QCR Holdings Inc. | 40,890 | 2,284 | |
* | Columbia Financial Inc. | 106,133 | 2,254 |
Univest Financial Corp. | 77,689 | 2,251 | |
1st Source Corp. | 45,778 | 2,211 | |
Allegiance Bancshares Inc. | 51,084 | 2,189 | |
Hanmi Financial Corp. | 82,473 | 2,154 | |
Central Pacific Financial Corp. | 73,590 | 2,148 | |
Peoples Bancorp Inc. | 68,507 | 2,143 | |
Cowen Inc. Class A | 71,451 | 2,119 | |
WisdomTree Investments Inc. | 364,471 | 2,052 | |
KKR Real Estate Finance Trust Inc. | 95,533 | 2,051 | |
Brightspire Capital Inc. Class A | 227,313 | 2,014 | |
* | CrossFirst Bankshares Inc. | 125,909 | 1,981 |
* | MBIA Inc. | 129,803 | 1,979 |
ARMOUR Residential REIT Inc. | 240,873 | 1,958 | |
First Bancorp Inc. (XNMS) | 54,462 | 1,923 | |
TPG RE Finance Trust Inc. | 162,176 | 1,920 | |
HarborOne Bancorp Inc. | 128,824 | 1,905 | |
Camden National Corp. | 39,513 | 1,879 | |
Heritage Commerce Corp. | 157,852 | 1,877 | |
Flushing Financial Corp. | 79,669 | 1,871 | |
Northfield Bancorp Inc. | 118,503 | 1,860 | |
Invesco Mortgage Capital Inc. | 847,583 | 1,848 | |
Byline Bancorp Inc. | 67,418 | 1,838 |
Shares | Market Value• ($000) | ||
Peapack-Gladstone Financial Corp. | 48,230 | 1,819 | |
First Mid Bancshares Inc. | 44,686 | 1,791 | |
Community Trust Bancorp Inc. | 42,071 | 1,779 | |
* | SiriusPoint Ltd. | 239,191 | 1,768 |
TrustCo Bank Corp. NY | 50,638 | 1,730 | |
* | Atlantic Capital Bancshares Inc. | 53,263 | 1,723 |
Great Southern Bancorp Inc. | 27,667 | 1,699 | |
Midland States Bancorp Inc. | 57,163 | 1,678 | |
Cambridge Bancorp | 18,365 | 1,619 | |
Granite Point Mortgage Trust Inc. | 143,926 | 1,615 | |
Diamond Hill Investment Group Inc. | 8,205 | 1,591 | |
* | Ambac Financial Group Inc. | 122,567 | 1,573 |
United Fire Group Inc. | 56,774 | 1,568 | |
Mercantile Bank Corp. | 41,035 | 1,513 | |
Dynex Capital Inc. | 97,238 | 1,495 | |
CBTX Inc. | 49,681 | 1,493 | |
National Western Life Group Inc. Class A | 6,936 | 1,480 | |
Bank of Marin Bancorp | 41,575 | 1,468 | |
First Financial Corp. | 30,888 | 1,437 | |
Farmers National Banc Corp. | 82,901 | 1,428 | |
Hingham Institution for Savings | 3,911 | 1,407 | |
Financial Institutions Inc. | 42,413 | 1,355 | |
Business First Bancshares Inc. | 51,691 | 1,354 | |
First of Long Island Corp. | 61,785 | 1,345 | |
Independent Bank Corp. | 55,251 | 1,315 | |
First Community Bankshares Inc. | 44,657 | 1,310 | |
Banco Latinoamericano de Comercio Exterior SA Class E | 83,612 | 1,292 | |
Arrow Financial Corp. | 37,306 | 1,281 | |
Franklin BSP Realty Trust Inc. REIT | 96,551 | 1,274 | |
West BanCorp. Inc. | 43,744 | 1,264 | |
Bank First Corp. | 17,654 | 1,243 | |
Metrocity Bankshares Inc. | 51,085 | 1,242 | |
First Internet Bancorp | 25,030 | 1,223 | |
* | Coastal Financial Corp. | 25,677 | 1,222 |
HomeTrust Bancshares Inc. | 40,288 | 1,212 | |
1 | Orchid Island Capital Inc. | 364,991 | 1,201 |
GCM Grosvenor Inc. Class A | 119,819 | 1,197 | |
Capstar Financial Holdings Inc. | 55,488 | 1,187 | |
Alerus Financial Corp. | 41,012 | 1,179 | |
* | Carter Bankshares Inc. | 70,102 | 1,168 |
Equity Bancshares Inc. Class A | 36,789 | 1,157 | |
Bar Harbor Bankshares | 40,190 | 1,155 | |
Merchants Bancorp | 39,764 | 1,151 | |
* | Assetmark Financial Holdings Inc. | 48,961 | 1,150 |
MidWestOne Financial Group Inc. | 37,985 | 1,147 |
Shares | Market Value• ($000) | ||
Republic Bancorp Inc. Class A | 24,978 | 1,146 | |
* | Southern First Bancshares Inc. | 19,995 | 1,141 |
CNB Financial Corp. | 43,277 | 1,132 | |
Waterstone Financial Inc. | 57,421 | 1,122 | |
Southern Missouri Bancorp Inc. | 20,500 | 1,098 | |
Mid Penn Bancorp Inc. | 38,620 | 1,081 | |
Old Second Bancorp Inc. | 75,831 | 1,079 | |
American National Bankshares Inc. | 27,876 | 1,076 | |
Oppenheimer Holdings Inc. Class A | 24,855 | 1,073 | |
Regional Management Corp. | 20,746 | 1,065 | |
MVB Financial Corp. | 27,311 | 1,052 | |
* | Blue Foundry Bancorp | 75,416 | 1,048 |
* | eHealth Inc. | 66,597 | 1,035 |
Capital City Bank Group Inc. | 36,591 | 1,027 | |
Five Star Bancorp | 33,751 | 1,026 | |
Sierra Bancorp | 38,040 | 1,021 | |
Citizens & Northern Corp. | 40,978 | 1,015 | |
Enterprise Bancorp Inc. | 24,911 | 1,004 | |
Spirit of Texas Bancshares Inc. | 34,718 | 991 | |
Civista Bancshares Inc. | 40,445 | 986 | |
SmartFinancial Inc. | 37,390 | 976 | |
* | Bridgewater Bancshares Inc. | 57,595 | 969 |
HCI Group Inc. | 15,369 | 957 | |
Primis Financial Corp. | 65,759 | 940 | |
* | Oportun Financial Corp. | 57,256 | 936 |
RBB Bancorp | 37,894 | 914 | |
Peoples Financial Services Corp. | 18,882 | 902 | |
Universal Insurance Holdings Inc. | 73,518 | 850 | |
First Bancorp Inc. (XNGS) | 28,458 | 848 | |
Summit Financial Group Inc. | 30,623 | 835 | |
Enact Holdings Inc. | 40,040 | 833 | |
Tiptree Inc. | 63,684 | 815 | |
* | EZCorp. Inc. Class A | 132,364 | 793 |
Home Bancorp Inc. | 20,065 | 787 | |
South Plains Financial Inc. | 28,163 | 779 | |
Guaranty Bancshares Inc. | 21,866 | 765 | |
Sculptor Capital Management Inc. Class A | 59,604 | 764 | |
Blue Ridge Bankshares Inc. | 47,252 | 758 | |
Curo Group Holdings Corp. | 55,143 | 737 | |
Orrstown Financial Services Inc. | 29,535 | 721 | |
Northrim BanCorp Inc. | 15,947 | 714 | |
Provident Bancorp Inc. | 42,079 | 688 | |
Great Ajax Corp. | 58,925 | 671 | |
Investors Title Co. | 3,482 | 667 | |
Greenhill & Co. Inc. | 37,560 | 664 | |
AFC Gamma Inc. | 33,537 | 662 | |
Macatawa Bank Corp. | 71,927 | 660 | |
* | Ocwen Financial Corp. | 22,148 | 634 |
PCSB Financial Corp. | 33,890 | 631 | |
Amalgamated Financial Corp. | 36,705 | 630 |
Shares | Market Value• ($000) | ||
* | Republic First Bancorp Inc. | 121,143 | 629 |
Red River Bancshares Inc. | 12,277 | 629 | |
First Bank | 42,812 | 624 | |
FS Bancorp Inc. | 19,297 | 618 | |
* | Citizens Inc. Class A | 136,734 | 581 |
Luther Burbank Corp. | 42,853 | 555 | |
Donegal Group Inc. Class A | 39,771 | 543 | |
Fidelity D&D Bancorp Inc. | 10,931 | 539 | |
Capital Bancorp Inc. | 21,313 | 529 | |
* | Greenlight Capital Re Ltd. Class A | 72,705 | 523 |
HBT Financial Inc. | 27,328 | 523 | |
* | Maiden Holdings Ltd. | 190,361 | 464 |
* | NI Holdings Inc. | 23,732 | 426 |
Pzena Investment Management Inc. Class A | 44,464 | 410 | |
Heritage Insurance Holdings Inc. | 71,920 | 401 | |
* | Trean Insurance Group Inc. | 48,374 | 343 |
Crawford & Co. Class A | 44,174 | 341 | |
* | Pioneer Bancorp Inc. | 31,883 | 337 |
* | MetroMile Inc. | 256,355 | 328 |
Angel Oak Mortgage Inc. | 19,557 | 318 | |
* | Velocity Financial LLC | 24,025 | 307 |
GAMCO Investors Inc. Class A | 13,562 | 292 | |
* | Third Coast Bancshares Inc. | 9,361 | 218 |
United Insurance Holdings Corp. | 54,081 | 198 | |
Associated Capital Group Inc. Class A | 4,533 | 177 | |
*,1 | Finance of America Cos. Inc. Class A | 49,968 | 162 |
Value Line Inc. | 2,686 | 159 | |
* | TPG Inc. | 4,665 | 143 |
* | P10 Inc. Class A | 6,917 | 86 |
1 | Home Point Capital Inc. | 21,358 | 70 |
* | Clearwater Analytics Holdings Inc. Class A | 1,208 | 24 |
* | Finwise Bancorp | 932 | 20 |
* | USCB Financial Holdings Inc. | 1,466 | 19 |
1,213,912 | |||
Health Care (15.9%) | |||
* | Tenet Healthcare Corp. | 286,950 | 24,675 |
* | Intellia Therapeutics Inc. | 188,461 | 18,629 |
* | Biohaven Pharmaceutical Holding Co. Ltd. | 150,486 | 17,864 |
* | Inspire Medical Systems Inc. | 72,672 | 17,736 |
* | Shockwave Medical Inc. | 91,122 | 16,150 |
* | Arena Pharmaceuticals Inc. | 166,961 | 15,856 |
* | Omnicell Inc. | 118,312 | 15,295 |
* | Halozyme Therapeutics Inc. | 374,172 | 13,272 |
* | Arrowhead Pharmaceuticals Inc. | 273,947 | 12,054 |
* | Medpace Holdings Inc. | 78,271 | 11,973 |
Ensign Group Inc. | 142,030 | 11,936 | |
* | HealthEquity Inc. | 221,100 | 11,875 |
* | Intra-Cellular Therapies Inc. | 213,103 | 11,823 |
Shares | Market Value• ($000) | ||
CONMED Corp. | 78,494 | 11,473 | |
* | LivaNova plc | 144,514 | 11,391 |
* | LHC Group Inc. | 82,571 | 11,244 |
* | Option Care Health Inc. | 429,666 | 11,042 |
* | Beam Therapeutics Inc. | 138,137 | 10,823 |
* | Alkermes plc | 432,854 | 10,761 |
* | Neogen Corp. | 290,566 | 10,373 |
* | iRhythm Technologies Inc. | 79,731 | 10,307 |
* | STAAR Surgical Co. | 128,235 | 10,172 |
* | Blueprint Medicines Corp. | 158,168 | 9,577 |
* | Merit Medical Systems Inc. | 138,531 | 9,009 |
* | R1 RCM Inc. | 321,200 | 8,733 |
* | Lantheus Holdings Inc. | 182,194 | 8,713 |
Owens & Minor Inc. | 195,724 | 8,641 | |
* | AtriCure Inc. | 120,905 | 8,397 |
* | Arvinas Inc. | 127,218 | 8,245 |
* | ACADIA Pharmaceuticals Inc. | 323,579 | 8,222 |
* | Apellis Pharmaceuticals Inc. | 192,820 | 8,201 |
* | Inari Medical Inc. | 92,872 | 8,171 |
* | BioCryst Pharmaceuticals Inc. | 486,684 | 8,084 |
* | Prestige Consumer Healthcare Inc. | 135,352 | 8,057 |
* | Denali Therapeutics Inc. | 245,479 | 7,993 |
* | Pacira BioSciences Inc. | 119,132 | 7,945 |
* | Haemonetics Corp. | 136,386 | 7,871 |
* | Insmed Inc. | 319,382 | 7,633 |
* | Cytokinetics Inc. | 214,332 | 7,570 |
* | Fate Therapeutics Inc. | 218,925 | 7,564 |
* | NuVasive Inc. | 139,748 | 7,563 |
* | Integer Holdings Corp. | 88,631 | 7,433 |
* | Twist Bioscience Corp. | 127,396 | 7,127 |
* | Axonics Inc. | 123,633 | 7,017 |
Patterson Cos. Inc. | 231,194 | 6,913 | |
Select Medical Holdings Corp. | 298,195 | 6,903 | |
* | Progyny Inc. | 173,873 | 6,844 |
* | Glaukos Corp. | 122,830 | 6,794 |
* | Nevro Corp. | 93,562 | 6,708 |
* | PTC Therapeutics Inc. | 187,621 | 6,589 |
* | NeoGenomics Inc. | 306,055 | 6,553 |
* | Karuna Therapeutics Inc. | 60,010 | 6,301 |
* | Pacific Biosciences of California Inc. | 524,533 | 6,252 |
* | Invitae Corp. | 540,292 | 5,830 |
* | Amicus Therapeutics Inc. | 711,123 | 5,789 |
* | Corcept Therapeutics Inc. | 258,793 | 5,768 |
* | Ortho Clinical Diagnostics Holdings plc Class H | 325,277 | 5,754 |
* | Evolent Health Inc. Class A | 215,536 | 5,744 |
* | Outset Medical Inc. | 126,640 | 5,568 |
* | Emergent BioSolutions Inc. | 132,479 | 5,482 |
* | CareDx Inc. | 136,825 | 5,251 |
* | Myriad Genetics Inc. | 214,293 | 5,224 |
* | Vericel Corp. | 125,618 | 5,177 |
* | Veracyte Inc. | 182,484 | 5,073 |
* | Global Blood Therapeutics Inc. | 167,307 | 5,053 |
* | IVERIC bio Inc. | 310,481 | 4,980 |
* | Zentalis Pharmaceuticals Inc. | 98,426 | 4,910 |
* | Apollo Medical Holdings Inc. | 101,707 | 4,894 |
Shares | Market Value• ($000) | ||
* | MEDNAX Inc. | 205,874 | 4,832 |
* | Surgery Partners Inc. | 91,806 | 4,799 |
* | Xencor Inc. | 152,506 | 4,775 |
* | Avanos Medical Inc. | 130,003 | 4,601 |
* | Agios Pharmaceuticals Inc. | 146,953 | 4,575 |
* | Relay Therapeutics Inc. | 188,592 | 4,547 |
* | Arcus Biosciences Inc. | 121,255 | 4,511 |
* | SpringWorks Therapeutics Inc. | 78,862 | 4,463 |
* | ChemoCentryx Inc. | 145,983 | 4,429 |
*,1 | Cassava Sciences Inc. | 103,482 | 4,399 |
* | NanoString Technologies Inc. | 122,695 | 4,351 |
* | Travere Thrapeutics Inc. | 159,330 | 4,343 |
* | Ironwood Pharmaceuticals Inc. Class A | 397,135 | 4,273 |
* | Supernus Pharmaceuticals Inc. | 132,590 | 4,236 |
* | Phreesia Inc. | 134,021 | 4,127 |
* | Ligand Pharmaceuticals Inc. | 40,697 | 4,119 |
* | Vir Biotechnology Inc. | 162,151 | 4,085 |
* | Zogenix Inc. | 151,310 | 3,973 |
* | ModivCare Inc. | 33,536 | 3,957 |
* | Turning Point Therapeutics Inc. | 124,201 | 3,932 |
* | Multiplan Corp. | 1,029,452 | 3,871 |
* | Health Catalyst Inc. | 141,196 | 3,829 |
* | CorVel Corp. | 23,909 | 3,803 |
* | Heska Corp. | 26,381 | 3,746 |
* | Celldex Therapeutics Inc. | 124,329 | 3,717 |
* | Kymera Therapeutics Inc. | 92,881 | 3,693 |
* | Enanta Pharmaceuticals Inc. | 52,114 | 3,670 |
* | Dynavax Technologies Corp. | 291,514 | 3,574 |
* | Addus HomeCare Corp. | 41,659 | 3,543 |
* | Prometheus Biosciences Inc. | 81,020 | 3,528 |
* | Community Health Systems Inc. | 334,871 | 3,519 |
*,1 | Fulgent Genetics Inc. | 56,489 | 3,519 |
* | TG Therapeutics Inc. | 349,419 | 3,449 |
* | Silk Road Medical Inc. | 92,648 | 3,440 |
* | Brookdale Senior Living Inc. | 499,117 | 3,434 |
*,1 | Recursion Pharmaceuticals Inc. Class A | 311,789 | 3,414 |
* | 1Life Healthcare Inc. | 315,318 | 3,409 |
* | Prothena Corp. plc | 97,694 | 3,380 |
* | AdaptHealth Corp. Class A | 193,836 | 3,379 |
* | OPKO Health Inc. | 1,079,140 | 3,378 |
* | Avid Bioservices Inc. | 163,344 | 3,345 |
* | FibroGen Inc. | 232,546 | 3,272 |
* | Codexis Inc. | 162,894 | 3,246 |
* | Tivity Health Inc. | 118,989 | 3,246 |
Healthcare Services Group Inc. | 202,390 | 3,202 | |
US Physical Therapy Inc. | 34,572 | 3,180 | |
* | Editas Medicine Inc. Class A | 184,901 | 3,166 |
* | Krystal Biotech Inc. | 48,496 | 3,082 |
* | REVOLUTION Medicines Inc. | 160,285 | 3,033 |
Shares | Market Value• ($000) | ||
* | RadNet Inc. | 122,618 | 3,025 |
* | NextGen Healthcare Inc. | 154,753 | 3,022 |
* | ImmunoGen Inc. | 534,323 | 3,014 |
* | Atara Biotherapeutics Inc. | 234,277 | 3,010 |
* | Madrigal Pharmaceuticals Inc. | 31,678 | 2,941 |
* | Protagonist Therapeutics Inc. | 120,932 | 2,936 |
* | Meridian Bioscience Inc. | 115,038 | 2,910 |
* | Cerevel Therapeutics Holdings Inc. | 109,614 | 2,901 |
* | Quanterix Corp. | 83,354 | 2,812 |
* | REGENXBIO Inc. | 106,590 | 2,794 |
* | Amphastar Pharmaceuticals Inc. | 100,179 | 2,776 |
* | Kura Oncology Inc. | 170,815 | 2,711 |
Atrion Corp. | 3,771 | 2,698 | |
* | Cerus Corp. | 454,356 | 2,667 |
* | Revance Therapeutics Inc. | 189,234 | 2,568 |
* | Natus Medical Inc. | 91,370 | 2,542 |
* | Vaxcyte Inc. | 108,821 | 2,521 |
* | Alector Inc. | 157,842 | 2,500 |
* | Castle Biosciences Inc. | 57,688 | 2,497 |
* | Crinetics Pharmaceuticals Inc. | 124,029 | 2,483 |
* | Harmony Biosciences Holdings Inc. | 62,065 | 2,480 |
* | Intersect ENT Inc. | 90,008 | 2,448 |
* | Accolade Inc. | 135,809 | 2,442 |
* | Varex Imaging Corp. | 103,166 | 2,439 |
* | Reata Pharmaceuticals Inc. Class A | 74,332 | 2,434 |
LeMaitre Vascular Inc. | 50,829 | 2,413 | |
* | AngioDynamics Inc. | 100,985 | 2,376 |
* | C4 Therapeutics Inc. | 104,266 | 2,339 |
* | Morphic Holding Inc. | 56,993 | 2,272 |
* | Keros Therapeutics Inc. | 42,026 | 2,257 |
* | Cardiovascular Systems Inc. | 106,958 | 2,253 |
* | Innoviva Inc. | 117,238 | 2,252 |
* | Bridgebio Pharma Inc. | 286,926 | 2,238 |
National HealthCare Corp. | 33,825 | 2,199 | |
* | Nuvation Bio Inc. | 429,837 | 2,175 |
* | Axsome Therapeutics Inc. | 75,223 | 2,115 |
* | Alphatec Holdings Inc. | 190,711 | 2,102 |
* | OrthoPediatrics Corp. | 37,507 | 2,102 |
*,1 | Senseonics Holdings Inc. | 1,166,215 | 2,099 |
* | OptimizeRx Corp. | 46,160 | 2,091 |
* | American Well Corp. Class A | 493,703 | 2,088 |
* | Coherus Biosciences Inc. | 175,574 | 2,070 |
* | Catalyst Pharmaceuticals Inc. | 262,973 | 2,051 |
* | Aclaris Therapeutics Inc. | 137,481 | 2,048 |
*,1 | Sorrento Therapeutics Inc. | 806,264 | 2,040 |
* | Artivion Inc. | 102,707 | 2,008 |
* | Karyopharm Therapeutics Inc. | 194,350 | 2,008 |
* | Rocket Pharmaceuticals Inc. | 111,858 | 1,992 |
* | Anavex Life Sciences Corp. | 181,233 | 1,986 |
* | Apria Inc. | 52,829 | 1,973 |
* | iTeos Therapeutics Inc. | 54,459 | 1,968 |
* | SI-BONE Inc. | 87,924 | 1,940 |
* | Endo International plc | 617,298 | 1,920 |
* | Syndax Pharmaceuticals Inc. | 121,364 | 1,892 |
Shares | Market Value• ($000) | ||
* | Sangamo Therapeutics Inc. | 318,888 | 1,865 |
* | Inogen Inc. | 53,371 | 1,862 |
* | Pulmonx Corp. | 70,473 | 1,851 |
* | Hanger Inc. | 101,195 | 1,834 |
* | Cutera Inc. | 47,425 | 1,819 |
* | Alignment Healthcare Inc. | 214,755 | 1,813 |
* | Collegium Pharmaceutical Inc. | 93,057 | 1,812 |
* | MaxCyte Inc. | 260,097 | 1,810 |
*,1 | Inovio Pharmaceuticals Inc. | 558,353 | 1,809 |
*,1 | Heron Therapeutics Inc. | 249,129 | 1,769 |
* | Treace Medical Concepts Inc. | 81,498 | 1,755 |
*,1 | Ocugen Inc. | 496,895 | 1,749 |
* | MannKind Corp. | 665,570 | 1,744 |
*,1 | Butterfly Network Inc. | 337,088 | 1,736 |
* | Orthofix Medical Inc. | 50,995 | 1,733 |
* | Seer Inc. Class A | 112,216 | 1,719 |
* | Avidity Biosciences Inc. | 101,198 | 1,716 |
*,1 | Bionano Genomics Inc. | 788,843 | 1,688 |
* | Vanda Pharmaceuticals Inc. | 147,948 | 1,681 |
* | Allogene Therapeutics Inc. | 183,010 | 1,675 |
*,1 | Vaxart Inc. | 329,053 | 1,672 |
* | Surmodics Inc. | 36,613 | 1,643 |
* | Theravance Biopharma Inc. | 161,674 | 1,628 |
* | Inhibrx Inc. | 75,362 | 1,620 |
* | Agenus Inc. | 591,112 | 1,596 |
* | AnaptysBio Inc. | 51,818 | 1,584 |
* | Antares Pharma Inc. | 450,703 | 1,577 |
* | Instil Bio Inc. | 146,377 | 1,571 |
* | ViewRay Inc. | 370,685 | 1,542 |
* | Joint Corp. | 37,200 | 1,525 |
* | Gossamer Bio Inc. | 168,753 | 1,524 |
* | MiMedx Group Inc. | 301,218 | 1,521 |
* | Albireo Pharma Inc. | 45,577 | 1,520 |
* | MacroGenics Inc. | 161,533 | 1,510 |
* | Sana Biotechnology Inc. | 233,306 | 1,507 |
* | OraSure Technologies Inc. | 193,104 | 1,506 |
National Research Corp. | 37,813 | 1,504 | |
* | Seres Therapeutics Inc. | 187,775 | 1,502 |
* | Eagle Pharmaceuticals Inc. | 30,764 | 1,458 |
* | PetIQ Inc. Class A | 72,583 | 1,440 |
* | HealthStream Inc. | 68,849 | 1,411 |
* | BioDelivery Sciences International Inc. | 251,752 | 1,405 |
* | Verve Therapeutics Inc. | 42,652 | 1,393 |
* | Kezar Life Sciences Inc. | 93,707 | 1,392 |
* | Affimed NV | 312,853 | 1,380 |
* | Arcturus Therapeutics Holdings Inc. | 56,850 | 1,363 |
* | Nurix Therapeutics Inc. | 84,181 | 1,361 |
* | Chinook Therapeutics Inc. | 105,068 | 1,341 |
* | Arcutis Biotherapeutics Inc. | 74,572 | 1,327 |
* | Scholar Rock Holding Corp. | 75,508 | 1,314 |
* | UFP Technologies Inc. | 18,811 | 1,301 |
* | TransMedics Group Inc. | 69,665 | 1,290 |
* | Replimune Group Inc. | 79,742 | 1,279 |
* | Anika Therapeutics Inc. | 38,941 | 1,266 |
* | NGM Biopharmaceuticals Inc. | 85,001 | 1,263 |
*,1 | ImmunityBio Inc. | 184,369 | 1,261 |
Shares | Market Value• ($000) | ||
* | Cara Therapeutics Inc. | 120,080 | 1,245 |
* | Edgewise Therapeutics Inc. | 104,745 | 1,235 |
* | Akero Therapeutics Inc. | 69,320 | 1,229 |
* | Amneal Pharmaceuticals Inc. | 269,222 | 1,220 |
*,1 | Omeros Corp. | 164,923 | 1,187 |
Phibro Animal Health Corp. Class A | 55,257 | 1,177 | |
* | Computer Programs and Systems Inc. | 38,147 | 1,174 |
* | Praxis Precision Medicines Inc. | 89,600 | 1,174 |
* | Ocular Therapeutix Inc. | 208,716 | 1,165 |
*,1 | Mind Medicine Mindmed Inc. | 950,602 | 1,160 |
* | Ideaya Biosciences Inc. | 87,702 | 1,158 |
* | LifeStance Health Group Inc. | 122,722 | 1,157 |
* | Rigel Pharmaceuticals Inc. | 459,807 | 1,154 |
* | Rapt Therapeutics Inc. | 57,374 | 1,147 |
* | MeiraGTx Holdings plc | 79,839 | 1,144 |
* | Agiliti Inc. | 63,395 | 1,142 |
*,1 | G1 Therapeutics Inc. | 107,496 | 1,141 |
* | Pennant Group Inc. | 69,031 | 1,122 |
* | PMV Pharmaceuticals Inc. | 70,679 | 1,120 |
* | Privia Health Group Inc. | 43,502 | 1,120 |
* | Chimerix Inc. | 196,831 | 1,110 |
* | ANI Pharmaceuticals Inc. | 29,327 | 1,098 |
* | Atea Pharmaceuticals Inc. | 172,729 | 1,095 |
* | Bluebird Bio Inc. | 181,002 | 1,093 |
* | SeaSpine Holdings Corp. | 85,338 | 1,081 |
* | Inotiv Inc. | 39,885 | 1,054 |
* | Tactile Systems Technology Inc. | 51,513 | 1,049 |
* | Radius Health Inc. | 125,435 | 1,044 |
* | Sutro Biopharma Inc. | 116,645 | 1,040 |
* | Akebia Therapeutics Inc. | 476,267 | 1,029 |
* | 4D Molecular Therapeutics Inc. | 74,986 | 1,027 |
* | Personalis Inc. | 96,406 | 1,012 |
* | Berkeley Lights Inc. | 130,374 | 1,000 |
* | Stoke Therapeutics Inc. | 51,234 | 999 |
* | Cullinan Oncology Inc. | 69,581 | 998 |
* | Phathom Pharmaceuticals Inc. | 54,963 | 996 |
* | Bioventus Inc. Class A | 75,522 | 982 |
* | Design Therapeutics Inc. | 72,317 | 981 |
* | Axogen Inc. | 104,376 | 975 |
* | KalVista Pharmaceuticals Inc. | 59,874 | 961 |
*,1 | Intercept Pharmaceuticals Inc. | 67,291 | 960 |
* | Provention Bio Inc. | 151,766 | 952 |
* | Aerie Pharmaceuticals Inc. | 113,463 | 942 |
* | Vapotherm Inc. | 61,980 | 941 |
* | Rhythm Pharmaceuticals Inc. | 118,356 | 902 |
* | Forma Therapeutics Holdings Inc. | 91,355 | 901 |
* | Geron Corp. (XNGS) | 822,840 | 897 |
* | 2seventy bio Inc. | 60,276 | 894 |
* | Relmada Therapeutics Inc. | 42,591 | 874 |
* | Y-mAbs Therapeutics Inc. | 95,227 | 868 |
* | Bioxcel Therapeutics Inc. | 47,069 | 862 |
iRadimed Corp. | 17,314 | 861 |
Shares | Market Value• ($000) | ||
* | ALX Oncology Holdings Inc. | 47,405 | 859 |
* | Mersana Therapeutics Inc. | 195,172 | 857 |
* | Oramed Pharmaceuticals Inc. | 82,739 | 852 |
* | Apyx Medical Corp. | 84,121 | 851 |
Utah Medical Products Inc. | 9,440 | 850 | |
* | Accuray Inc. | 243,071 | 843 |
* | Dermtech Inc. | 65,153 | 833 |
* | 908 Devices Inc. | 50,063 | 833 |
* | Deciphera Pharmaceuticals Inc. | 106,920 | 824 |
* | Fulcrum Therapeutics Inc. | 74,071 | 815 |
* | Evolus Inc. | 88,769 | 812 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 78,243 | 801 |
* | Altimmune Inc. | 107,393 | 796 |
* | Athira Pharma Inc. | 86,932 | 796 |
* | Marinus Pharmaceuticals Inc. | 101,002 | 790 |
* | Kronos Bio Inc. | 104,475 | 787 |
* | Kodiak Sciences Inc. | 90,586 | 783 |
* | Curis Inc. | 232,387 | 778 |
* | SIGA Technologies Inc. | 129,184 | 775 |
* | Fluidigm Corp. | 208,009 | 765 |
* | Organogenesis Holdings Inc. Class A | 102,069 | 759 |
*,1 | VBI Vaccines Inc. | 508,282 | 757 |
* | VistaGen Therapeutics Inc. | 528,673 | 740 |
*,1 | Adicet Bio Inc. | 56,047 | 733 |
* | Allovir Inc. | 80,518 | 725 |
* | Dyne Therapeutics Inc. | 82,357 | 706 |
*,1 | Erasca Inc. | 56,826 | 705 |
* | DICE Therapeutics Inc. | 37,983 | 702 |
* | Arbutus Biopharma Corp. | 214,816 | 687 |
* | CytomX Therapeutics Inc. | 177,100 | 678 |
* | Jounce Therapeutics Inc. | 90,154 | 673 |
* | ORIC Pharmaceuticals Inc. | 86,308 | 670 |
* | BioLife Solutions Inc. | 28,099 | 660 |
* | MEI Pharma Inc. | 296,803 | 641 |
*,1 | Clovis Oncology Inc. | 309,581 | 638 |
* | Icosavax Inc. | 36,607 | 638 |
* | Spero Therapeutics Inc. | 66,283 | 636 |
* | Imago Biosciences Inc. | 26,758 | 630 |
* | Viking Therapeutics Inc. | 187,401 | 628 |
* | Stereotaxis Inc. | 136,008 | 628 |
* | Vera Therapeutics Inc. | 26,515 | 615 |
* | Avita Medical Inc. | 66,664 | 613 |
* | Rubius Therapeutics Inc. | 122,622 | 612 |
* | Immunovant Inc. | 109,629 | 612 |
* | Generation Bio Co. | 119,287 | 611 |
*,1 | Janux Therapeutics Inc. | 35,352 | 611 |
* | Cymabay Therapeutics Inc. | 190,141 | 605 |
* | Cogent Biosciences Inc. | 101,533 | 602 |
* | Cytek Biosciences Inc. | 44,042 | 601 |
* | Gritstone bio Inc. | 115,221 | 588 |
* | Pliant Therapeutics Inc. | 65,559 | 588 |
* | Immunic Inc. | 50,282 | 586 |
* | Precigen Inc. | 259,935 | 585 |
* | EyePoint Pharmaceuticals Inc. | 57,785 | 575 |
* | Precision BioSciences Inc. | 134,870 | 573 |
* | Harvard Bioscience Inc. | 105,585 | 570 |
* | InfuSystem Holdings Inc. | 49,442 | 568 |
Shares | Market Value• ($000) | ||
* | Verastem Inc. | 472,077 | 566 |
*,1 | Alaunos Therapeutics Inc. | 573,920 | 566 |
*,1 | CEL–SCI Corp. | 96,523 | 558 |
* | Aveanna Healthcare Holdings Inc. | 106,109 | 557 |
* | Caribou Biosciences Inc. | 55,077 | 550 |
* | Kinnate Biopharma Inc. | 69,132 | 538 |
* | Aldeyra Therapeutics Inc. | 132,941 | 537 |
* | Allakos Inc. | 95,879 | 536 |
* | Sight Sciences Inc. | 30,767 | 536 |
* | CorMedix Inc. | 103,909 | 507 |
* | Foghorn Therapeutics Inc. | 52,541 | 505 |
* | Werewolf Therapeutics Inc. | 70,051 | 502 |
* | Athersys Inc. | 558,811 | 501 |
*,1 | Asensus Surgical Inc. | 640,939 | 494 |
* | Cue Biopharma Inc. | 84,169 | 488 |
* | Lineage Cell Therapeutics Inc. | 342,985 | 484 |
*,1 | Citius Pharmaceuticals Inc. | 311,151 | 479 |
* | SOC Telemed Inc. Class A | 162,447 | 478 |
*,1 | PROCEPT BioRobotics Corp. | 19,065 | 476 |
* | Lyell Immunopharma Inc. | 65,399 | 473 |
*,1 | Vor BioPharma Inc. | 52,278 | 472 |
* | KemPharm Inc. | 78,846 | 468 |
* | Bright Health Group Inc. | 140,758 | 467 |
* | Selecta Biosciences Inc. | 252,034 | 466 |
*,1 | Monte Rosa Therapeutics Inc. | 32,073 | 460 |
* | Paratek Pharmaceuticals Inc. | 128,879 | 454 |
* | Ikena Oncology Inc. | 73,748 | 451 |
* | Sientra Inc. | 158,948 | 450 |
* | Tenaya Therapeutics Inc. | 38,621 | 450 |
* | ClearPoint Neuro Inc. | 51,370 | 449 |
*,1 | Century Therapeutics Inc. | 31,716 | 447 |
*,1 | Nuvalent Inc. Class A | 29,520 | 441 |
* | CytoSorbents Corp. | 113,031 | 437 |
* | Applied Molecular Transport Inc. | 66,313 | 436 |
* | Annexon Inc. | 85,427 | 415 |
* | Day One Biopharmaceuticals Inc. | 30,316 | 414 |
* | Durect Corp. | 619,751 | 411 |
XBiotech Inc. | 41,222 | 406 | |
* | Homology Medicines Inc. | 114,871 | 401 |
* | Tarsus Pharmaceuticals Inc. | 22,653 | 399 |
* | Graphite Bio Inc. | 43,208 | 398 |
* | Talaris Therapeutics Inc. | 56,613 | 397 |
* | Akoya Biosciences Inc. | 35,729 | 396 |
* | Outlook Therapeutics Inc. | 240,486 | 392 |
*,1 | Atossa Therapeutics Inc. | 320,715 | 391 |
* | Paragon 28 Inc. | 23,971 | 391 |
* | Taysha Gene Therapies Inc. | 60,996 | 389 |
* | Eargo Inc. | 80,515 | 387 |
* | Lexicon Pharmaceuticals Inc. | 186,119 | 385 |
*,1 | Tyra Biosciences Inc. | 32,137 | 381 |
*,1 | Adagio Therapeutics Inc. | 56,684 | 379 |
* | Viemed Healthcare Inc. | 96,626 | 371 |
* | IGM Biosciences Inc. | 22,112 | 369 |
1 | Zynex Inc. | 58,440 | 368 |
* | Epizyme Inc. | 246,013 | 367 |
*,1 | Biomea Fusion Inc. | 57,222 | 367 |
Shares | Market Value• ($000) | ||
* | Shattuck Labs Inc. | 72,584 | 363 |
* | Forian Inc. | 50,727 | 353 |
* | XOMA Corp. | 16,069 | 352 |
* | Nkarta Inc. | 38,884 | 352 |
* | ChromaDex Corp. | 128,702 | 351 |
*,1 | Absci Corp. | 37,432 | 351 |
* | Akouos Inc. | 65,430 | 349 |
* | Eiger BioPharmaceuticals Inc. | 87,033 | 348 |
* | Tabula Rasa HealthCare Inc. | 60,643 | 346 |
* | 9 Meters Biopharma Inc. | 622,396 | 340 |
* | Surface Oncology Inc. | 94,040 | 339 |
* | Sesen Bio Inc. | 533,365 | 338 |
* | Passage Bio Inc. | 101,304 | 336 |
* | SQZ Biotechnologies Co. | 62,004 | 327 |
* | Ventyx Biosciences Inc. | 27,513 | 322 |
*,1 | UroGen Pharma Ltd. | 53,534 | 321 |
* | Olema Pharmaceuticals Inc. | 68,652 | 321 |
* | Adverum Biotechnologies Inc. | 238,174 | 319 |
*,1 | Cue Health Inc. | 38,595 | 319 |
* | Fortress Biotech Inc. | 195,162 | 314 |
* | Alpha Teknova Inc. | 18,489 | 314 |
* | Aeglea BioTherapeutics Inc. | 110,744 | 307 |
* | Theseus Pharmaceuticals Inc. | 30,352 | 307 |
* | Spectrum Pharmaceuticals Inc. | 447,575 | 304 |
*,1 | Oyster Point Pharma Inc. | 30,463 | 303 |
* | Verrica Pharmaceuticals Inc. | 36,040 | 302 |
* | PAVmed Inc. | 196,952 | 301 |
*,1 | RxSight Inc. | 22,094 | 296 |
* | Esperion Therapeutics Inc. | 72,031 | 295 |
* | iCAD Inc. | 61,117 | 295 |
* | Entrada Therapeutics Inc. | 24,229 | 294 |
* | Quotient Ltd. | 208,660 | 292 |
* | Seelos Therapeutics Inc. | 274,442 | 291 |
* | Poseida Therapeutics Inc. | 78,823 | 288 |
* | WaVe Life Sciences Ltd. | 116,911 | 287 |
* | Cardiff Oncology Inc. | 102,648 | 276 |
* | BioAtla Inc. | 42,589 | 276 |
* | Viracta Therapeutics Inc. | 99,468 | 272 |
*,1 | Ampio Pharmaceuticals Inc. | 542,539 | 271 |
* | Humanigen Inc. | 131,919 | 268 |
* | DarioHealth Corp. | 36,646 | 268 |
*,1 | Aerovate Therapeutics Inc. | 27,217 | 266 |
* | Infinity Pharmaceuticals Inc. | 239,763 | 264 |
* | Alpine Immune Sciences Inc. | 31,949 | 263 |
* | Prelude Therapeutics Inc. | 29,586 | 261 |
* | Singular Genomics Systems Inc. | 31,659 | 261 |
* | Celcuity Inc. | 25,753 | 260 |
* | Magenta Therapeutics Inc. | 82,118 | 259 |
*,1 | Evelo Biosciences Inc. | 83,011 | 259 |
* | Aura Biosciences Inc. | 14,354 | 257 |
* | Accelerate Diagnostics Inc. | 90,140 | 256 |
*,1 | TherapeuticsMD Inc. | 1,066,050 | 255 |
* | Neoleukin Therapeutics Inc. | 97,644 | 252 |
Shares | Market Value• ($000) | ||
* | Rain Therapeutics Inc. | 42,067 | 252 |
* | Frequency Therapeutics Inc. | 87,330 | 248 |
*,1 | Innovage Holding Corp. | 50,249 | 248 |
* | Mirum Pharmaceuticals Inc. | 10,116 | 240 |
* | Omega Therapeutics Inc. | 20,026 | 238 |
* | Molecular Templates Inc. | 101,057 | 237 |
* | Silverback Therapeutics Inc. | 55,222 | 237 |
* | Oncocyte Corp. | 161,672 | 236 |
* | AirSculpt Technologies Inc. | 17,341 | 235 |
* | Cortexyme Inc. | 53,897 | 234 |
* | Xilio Therapeutics Inc. | 19,561 | 230 |
* | TCR2 Therapeutics Inc. | 84,679 | 229 |
* | Neuronetics Inc. | 68,410 | 228 |
* | Inozyme Pharma Inc. | 39,433 | 228 |
*,1 | Retractable Technologies Inc. | 47,258 | 224 |
* | Oncternal Therapeutics Inc. | 121,424 | 222 |
* | Vincerx Pharma Inc. | 43,380 | 220 |
* | Tonix Pharmaceuticals Holding Corp. | 1,182,833 | 219 |
*,1 | Aspira Women's Health Inc. | 199,196 | 217 |
* | Bolt Biotherapeutics Inc. | 61,210 | 214 |
* | Greenwich Lifesciences Inc. | 10,975 | 214 |
* | Codex DNA Inc. | 20,715 | 211 |
* | Doximity Inc. Class A | 3,418 | 210 |
* | Harpoon Therapeutics Inc. | 50,950 | 209 |
* | Exagen Inc. | 27,479 | 209 |
* | Rallybio Corp. | 19,007 | 209 |
* | Convey Health Solutions Holdings Inc. | 35,844 | 208 |
* | Trevena Inc. | 447,802 | 205 |
* | Puma Biotechnology Inc. | 88,798 | 204 |
* | Syros Pharmaceuticals Inc. | 157,718 | 203 |
* | Codiak Biosciences Inc. | 43,035 | 203 |
* | Sensei Biotherapeutics Inc. | 56,053 | 202 |
*,1 | Pulse Biosciences Inc. | 38,452 | 195 |
* | Black Diamond Therapeutics Inc. | 62,029 | 195 |
* | Summit Therapeutics Inc. | 71,044 | 195 |
* | Athenex Inc. | 236,972 | 191 |
* | Ardelyx Inc. | 246,470 | 190 |
* | CVRx Inc. | 21,623 | 190 |
* | Invacare Corp. | 92,355 | 189 |
*,1 | iBio Inc. | 591,727 | 189 |
* | Brooklyn ImmunoTherapeutics Inc. | 79,949 | 181 |
* | Immuneering Corp. Class A | 22,896 | 171 |
* | Finch Therapeutics Group Inc. | 20,258 | 170 |
*,1 | Eliem Therapeutics Inc. | 18,734 | 169 |
* | Pyxis Oncology Inc. | 27,859 | 169 |
* | Mustang Bio Inc. | 190,741 | 166 |
*,1 | Clene Inc. | 52,755 | 163 |
* | Avrobio Inc. | 104,632 | 152 |
* | GT Biopharma Inc. | 47,573 | 151 |
* | Acumen Pharmaceuticals Inc. | 25,613 | 150 |
Shares | Market Value• ($000) | ||
* | Rapid Micro Biosystems Inc. Class A | 21,373 | 149 |
*,1 | BeyondSpring Inc. | 61,255 | 148 |
* | Cincor Pharma Inc. | 6,638 | 148 |
* | NeuroPace Inc. | 18,760 | 146 |
* | Aligos Therapeutics Inc. | 57,906 | 140 |
* | Solid Biosciences Inc. | 163,742 | 133 |
*,1 | Cyteir Therapeutics Inc. | 22,181 | 129 |
* | Atreca Inc. Class A | 71,343 | 128 |
*,1 | Hookipa Pharma Inc. | 52,850 | 127 |
* | 89bio Inc. | 26,783 | 124 |
* | Avalo Therapeutics Inc. | 168,308 | 123 |
* | Terns Pharmaceuticals Inc. | 36,475 | 121 |
*,1 | Oncorus Inc. | 56,155 | 118 |
* | NexImmune Inc. | 47,076 | 117 |
*,1 | Amylyx Pharmaceuticals Inc. | 3,571 | 117 |
* | Reneo Pharmaceuticals Inc. | 23,652 | 114 |
* | Angion Biomedica Corp. | 58,332 | 108 |
* | Portage Biotech Inc. | 13,459 | 107 |
* | IsoPlexis Corp. | 22,163 | 107 |
*,1 | Impel Neuropharma Inc. | 14,601 | 105 |
* | Applied Therapeutics Inc. | 48,523 | 91 |
* | Vigil Neuroscience Inc. | 5,235 | 89 |
*,1 | Kala Pharmaceuticals Inc. | 132,552 | 88 |
* | Acutus Medical Inc. | 51,219 | 83 |
* | Gemini Therapeutics Inc. | 60,301 | 82 |
* | Talis Biomedical Corp. | 38,836 | 81 |
* | Kaleido Biosciences Inc. | 53,331 | 79 |
* | Biodesix Inc. | 33,280 | 79 |
* | Thorne HealthTech Inc. | 17,429 | 78 |
* | Arcellx Inc. | 3,672 | 70 |
* | Sera Prognostics Inc. Class A | 12,665 | 68 |
* | Ontrak Inc. | 23,763 | 64 |
* | NantHealth Inc. | 70,996 | 59 |
* | Sigilon Therapeutics Inc. | 40,549 | 59 |
* | Spruce Biosciences Inc. | 23,465 | 53 |
* | Lucid Diagnostics Inc. | 13,147 | 49 |
* | Forte Biosciences Inc. | 31,337 | 39 |
* | Warby Parker Inc. Class A | 1,308 | 39 |
*,2 | Alder Biopharmaceuticals CVR | 32,046 | 28 |
*,1,2 | Tobira Therapeutics Inc. CVR | 6,201 | 28 |
* | Landos Biopharma Inc. | 12,674 | 27 |
* | MiNK Therapeutics Inc. | 7,588 | 23 |
* | TScan Therapeutics Inc. | 5,190 | 22 |
* | In8bio Inc. | 4,877 | 20 |
* | Minerva Surgical Inc. | 3,693 | 19 |
* | Candel Therapeutics Inc. | 4,196 | 17 |
* | Sonendo Inc. | 3,467 | 17 |
*,1 | Vaxxinity Inc. Class A | 2,724 | 14 |
* | Definitive Healthcare Corp. Class A | 498 | 12 |
* | Elevation Oncology Inc. | 2,413 | 8 |
* | Cognition Therapeutics Inc. | 284 | 1 |
*,2 | PDL BioPharma Inc. | 712 | — |
*,2 | Synergy Pharmaceuticals Inc. | 224,815 | — |
*,2 | Progenics Pharmaceuticals Inc. CVR | 110,304 | — |
Shares | Market Value• ($000) | ||
*,2 | Achillion Pharma CVR Alexion Pharmaceuticals Inc. | 1,085 | — |
1,169,239 | |||
Industrials (15.2%) | |||
Tetra Tech Inc. | 145,700 | 23,133 | |
* | Saia Inc. | 71,703 | 20,595 |
* | WillScot Mobile Mini Holdings Corp. | 571,512 | 20,306 |
EMCOR Group Inc. | 143,970 | 16,634 | |
* | ASGN Inc. | 137,581 | 15,243 |
* | WESCO International Inc. | 120,363 | 14,652 |
* | Chart Industries Inc. | 98,746 | 14,259 |
Simpson Manufacturing Co. Inc. | 117,722 | 13,951 | |
* | AMN Healthcare Services Inc. | 127,252 | 13,507 |
Exponent Inc. | 140,311 | 13,296 | |
Maximus Inc. | 165,706 | 13,068 | |
* | Atkore Inc. | 124,652 | 12,678 |
Matson Inc. | 112,281 | 12,437 | |
Triton International Ltd. | 180,461 | 11,853 | |
* | API Group Corp. | 545,393 | 11,764 |
Herc Holdings Inc. | 67,370 | 10,720 | |
* | ExlService Holdings Inc. | 88,678 | 10,711 |
Watts Water Technologies Inc. Class A | 74,377 | 10,707 | |
* | ACI Worldwide Inc. | 318,946 | 10,691 |
Zurn Water Solutions Corp. | 327,991 | 10,666 | |
Franklin Electric Co. Inc. | 125,291 | 10,595 | |
Applied Industrial Technologies Inc. | 103,661 | 10,480 | |
GATX Corp. | 95,328 | 10,165 | |
* | Resideo Technologies Inc. | 390,951 | 10,063 |
* | Summit Materials Inc. Class A | 320,478 | 10,005 |
SPX FLOW Inc. | 112,260 | 9,642 | |
Korn Ferry | 145,446 | 9,637 | |
HB Fuller Co. | 140,800 | 9,626 | |
John Bean Technologies Corp. | 84,717 | 9,604 | |
* | TriNet Group Inc. | 109,625 | 9,571 |
Hillenbrand Inc. | 197,211 | 9,409 | |
Brink's Co. | 129,932 | 9,103 | |
* | Beacon Roofing Supply Inc. | 150,593 | 8,989 |
* | Allegheny Technologies Inc. | 344,328 | 8,863 |
Insperity Inc. | 98,140 | 8,828 | |
* | Bloom Energy Corp. Class A | 384,732 | 8,541 |
EnerSys | 115,942 | 8,432 | |
* | Welbilt Inc. | 353,269 | 8,351 |
* | Fluor Corp. | 383,328 | 8,303 |
Comfort Systems USA Inc. | 96,233 | 8,274 | |
ABM Industries Inc. | 181,851 | 8,152 | |
Badger Meter Inc. | 78,958 | 7,849 | |
Aerojet Rocketdyne Holdings Inc. | 202,150 | 7,833 | |
Terex Corp. | 184,683 | 7,624 | |
* | Hub Group Inc. Class A | 89,475 | 7,552 |
Forward Air Corp. | 72,516 | 7,482 | |
Altra Industrial Motion Corp. | 174,829 | 7,425 | |
UniFirst Corp. | 40,730 | 7,382 |
Shares | Market Value• ($000) | ||
Albany International Corp. Class A | 83,171 | 7,304 | |
Werner Enterprises Inc. | 166,614 | 7,241 | |
Kennametal Inc. | 226,011 | 7,167 | |
* | Dycom Industries Inc. | 79,606 | 6,930 |
* | Kratos Defense & Security Solutions Inc. | 330,846 | 6,921 |
Otter Tail Corp. | 111,223 | 6,880 | |
Helios Technologies Inc. | 87,240 | 6,840 | |
Belden Inc. | 119,468 | 6,732 | |
AAON Inc. | 113,196 | �� 6,629 | |
EVERTEC Inc. | 163,508 | 6,599 | |
* | Verra Mobility Corp. Class A | 388,855 | 6,533 |
* | Meritor Inc. | 183,405 | 6,531 |
Moog Inc. Class A | 78,307 | 6,508 | |
Maxar Technologies Inc. | 195,735 | 6,350 | |
ArcBest Corp. | 68,273 | 6,328 | |
* | GMS Inc. | 115,282 | 6,254 |
Encore Wire Corp. | 53,312 | 6,207 | |
Installed Building Products Inc. | 64,021 | 6,191 | |
ManTech International Corp. Class A | 74,185 | 6,185 | |
EnPro Industries Inc. | 55,750 | 6,157 | |
Kadant Inc. | 31,126 | 6,143 | |
* | Atlas Air Worldwide Holdings Inc. | 77,717 | 6,090 |
* | Masonite International Corp. | 64,274 | 6,063 |
Trinity Industries Inc. | 208,441 | 6,016 | |
* | SPX Corp. | 118,266 | 5,996 |
Barnes Group Inc. | 127,696 | 5,931 | |
Federal Signal Corp. | 162,633 | 5,873 | |
Brady Corp. Class A | 127,336 | 5,868 | |
* | Itron Inc. | 122,025 | 5,817 |
* | JELD-WEN Holding Inc. | 247,052 | 5,702 |
* | O-I Glass Inc. | 426,096 | 5,445 |
Mueller Water Products Inc. Class A | 424,766 | 5,390 | |
McGrath RentCorp. | 65,255 | 5,304 | |
* | CBIZ Inc. | 132,214 | 5,144 |
* | Air Transport Services Group Inc. | 159,547 | 5,027 |
*,1 | Nikola Corp. | 616,809 | 4,873 |
* | Ferro Corp. | 222,294 | 4,830 |
CSW Industrials Inc. | 40,086 | 4,824 | |
ESCO Technologies Inc. | 69,168 | 4,812 | |
* | Flywire Corp. | 170,398 | 4,611 |
Textainer Group Holdings Ltd. | 127,132 | 4,514 | |
ICF International Inc. | 49,876 | 4,420 | |
Patrick Industries Inc. | 61,429 | 4,382 | |
* | AeroVironment Inc. | 60,718 | 4,314 |
* | Triumph Group Inc. | 171,654 | 4,298 |
* | Gibraltar Industries Inc. | 88,456 | 4,274 |
* | Vicor Corp. | 56,920 | 4,256 |
* | Proto Labs Inc. | 75,108 | 4,223 |
* | Veritiv Corp. | 38,839 | 4,162 |
* | Green Dot Corp. Class A | 144,305 | 4,134 |
* | AAR Corp. | 91,949 | 4,132 |
Kforce Inc. | 54,777 | 4,118 | |
* | Repay Holdings Corp. Class A | 234,201 | 4,045 |
Greif Inc. Class A | 69,635 | 4,003 | |
* | MYR Group Inc. | 44,584 | 4,001 |
TTEC Holdings Inc. | 49,997 | 3,975 | |
Tennant Co. | 49,905 | 3,932 |
Shares | Market Value• ($000) | ||
Lindsay Corp. | 29,436 | 3,862 | |
Greenbrier Cos. Inc. | 86,106 | 3,826 | |
* | NV5 Global Inc. | 35,672 | 3,826 |
Primoris Services Corp. | 144,602 | 3,813 | |
TriMas Corp. | 116,798 | 3,797 | |
Shyft Group Inc. | 93,593 | 3,782 | |
* | CryoPort Inc. | 109,360 | 3,754 |
Alamo Group Inc. | 26,954 | 3,750 | |
Granite Construction Inc. | 123,750 | 3,746 | |
* | OSI Systems Inc. | 45,684 | 3,685 |
H&E Equipment Services Inc. | 86,874 | 3,628 | |
Deluxe Corp. | 113,798 | 3,540 | |
Mesa Laboratories Inc. | 13,466 | 3,438 | |
Columbus McKinnon Corp. | 75,108 | 3,428 | |
Standex International Corp. | 32,353 | 3,427 | |
* | PGT Innovations Inc. | 155,545 | 3,346 |
SFL Corp. Ltd. | 334,448 | 3,328 | |
AZZ Inc. | 67,148 | 3,306 | |
* | Cornerstone Building Brands Inc. | 147,933 | 3,266 |
Kaman Corp. | 74,459 | 3,232 | |
* | Montrose Environmental Group Inc. | 70,721 | 3,119 |
* | Evo Payments Inc. Class A | 127,669 | 3,078 |
Astec Industries Inc. | 61,276 | 3,052 | |
1 | Frontline Ltd. | 322,800 | 3,038 |
Apogee Enterprises Inc. | 67,131 | 3,026 | |
* | Cimpress plc | 47,465 | 2,990 |
* | CoreCivic Inc. | 323,659 | 2,949 |
Griffon Corp. | 125,524 | 2,893 | |
* | Huron Consulting Group Inc. | 58,621 | 2,892 |
Enerpac Tool Group Corp. Class A | 163,219 | 2,816 | |
Marten Transport Ltd. | 160,054 | 2,761 | |
* | FARO Technologies Inc. | 49,162 | 2,691 |
* | TrueBlue Inc. | 94,472 | 2,570 |
* | Donnelley Financial Solutions Inc. | 79,616 | 2,556 |
* | Ranpak Holdings Corp. Class A | 101,765 | 2,463 |
* | Great Lakes Dredge & Dock Corp. | 174,321 | 2,460 |
DHT Holdings Inc. | 382,961 | 2,409 | |
* | American Woodmark Corp. | 44,771 | 2,399 |
* | First Advantage Corp. | 148,289 | 2,395 |
Pitney Bowes Inc. | 474,828 | 2,365 | |
Scorpio Tankers Inc. | 131,772 | 2,292 | |
Gorman-Rupp Co. | 61,077 | 2,276 | |
Wabash National Corp. | 133,350 | 2,272 | |
International Seaways Inc. | 124,222 | 2,272 | |
Heidrick & Struggles International Inc. | 52,305 | 2,236 | |
Douglas Dynamics Inc. | 60,630 | 2,228 | |
* | BlueLinx Holdings Inc. | 24,879 | 2,224 |
* | Sterling Construction Co. Inc. | 75,112 | 2,218 |
* | Conduent Inc. | 451,934 | 2,201 |
* | Cross Country Healthcare Inc. | 97,170 | 2,170 |
* | Energy Recovery Inc. | 112,420 | 2,136 |
*,1 | Desktop Metal Inc. Class A | 504,334 | 2,098 |
Shares | Market Value• ($000) | ||
* | Construction Partners Inc. Class A | 78,274 | 2,095 |
Quanex Building Products Corp. | 90,542 | 2,070 | |
Kelly Services Inc. Class A | 94,923 | 2,014 | |
Costamare Inc. | 142,363 | 1,922 | |
Insteel Industries Inc. | 50,328 | 1,868 | |
* | SP Plus Corp. | 62,585 | 1,868 |
Chase Corp. | 20,021 | 1,839 | |
* | Forterra Inc. | 77,893 | 1,835 |
Heartland Express Inc. | 127,139 | 1,826 | |
* | Vivint Smart Home Inc. | 245,888 | 1,768 |
* | Aspen Aerogels Inc. | 59,534 | 1,762 |
CRA International Inc. | 19,511 | 1,733 | |
Genco Shipping & Trading Ltd. | 86,709 | 1,672 | |
Myers Industries Inc. | 97,685 | 1,624 | |
* | Advantage Solutions Inc. | 206,162 | 1,622 |
* | Napco Security Technologies Inc. | 78,265 | 1,596 |
* | Forrester Research Inc. | 30,591 | 1,589 |
* | Franklin Covey Co. | 34,082 | 1,571 |
Argan Inc. | 40,189 | 1,563 | |
* | Titan International Inc. | 138,839 | 1,555 |
* | Manitowoc Co. Inc. | 92,669 | 1,532 |
* | Thermon Group Holdings Inc. | 89,036 | 1,524 |
* | I3 Verticals Inc. Class A | 57,690 | 1,523 |
* | BrightView Holdings Inc. | 110,598 | 1,494 |
* | Transcat Inc. | 18,998 | 1,491 |
* | Paya Holdings Inc. | 230,944 | 1,490 |
* | Ducommun Inc. | 29,368 | 1,483 |
* | Titan Machinery Inc. | 52,362 | 1,483 |
Cass Information Systems Inc. | 37,199 | 1,472 | |
Resources Connection Inc. | 86,341 | 1,433 | |
* | Vectrus Inc. | 31,151 | 1,428 |
* | International Money Express Inc. | 87,927 | 1,412 |
*,1 | Hyliion Holdings Corp. | 316,072 | 1,365 |
* | Modine Manufacturing Co. | 134,775 | 1,361 |
VSE Corp. | 28,553 | 1,361 | |
* | Daseke Inc. | 108,040 | 1,356 |
* | CIRCOR International Inc. | 49,662 | 1,338 |
* | DXP Enterprises Inc. | 46,466 | 1,334 |
Luxfer Holdings plc | 74,183 | 1,292 | |
Ennis Inc. | 68,728 | 1,291 | |
Eagle Bulk Shipping Inc. | 24,272 | 1,280 | |
*,1 | Ideanomics Inc. | 1,186,165 | 1,245 |
* | Cantaloupe Inc. | 156,953 | 1,220 |
Barrett Business Services Inc. | 20,246 | 1,218 | |
* | Yellow Corp. | 134,928 | 1,216 |
Dorian LPG Ltd. | 83,976 | 1,157 | |
Pactiv Evergreen Inc. | 115,982 | 1,116 | |
1 | Nordic American Tankers Ltd. | 451,128 | 1,092 |
Allied Motion Technologies Inc. | 31,338 | 1,091 | |
* | Tutor Perini Corp. | 111,321 | 1,091 |
National Presto Industries Inc. | 13,632 | 1,084 | |
* | BTRS Holdings Inc. Class A | 176,818 | 1,079 |
* | Vishay Precision Group Inc. | 33,830 | 1,063 |
Shares | Market Value• ($000) | ||
* | Babcock & Wilcox Enterprises Inc. | 149,616 | 1,049 |
Hyster-Yale Materials Handling Inc. | 27,152 | 1,039 | |
REV Group Inc. | 76,564 | 1,035 | |
*,1 | Workhorse Group Inc. | 329,461 | 1,031 |
* | Astronics Corp. | 67,872 | 998 |
*,1 | PureCycle Technologies Inc. | 143,168 | 996 |
* | Custom Truck One Source Inc. | 126,275 | 993 |
* | IES Holdings Inc. | 23,489 | 987 |
*,1 | Danimer Scientific Inc. | 243,668 | 970 |
* | Willdan Group Inc. | 29,819 | 963 |
* | Sterling Check Corp. | 44,886 | 945 |
* | Teekay Tankers Ltd. Class A | 65,180 | 931 |
* | Blue Bird Corp. | 43,234 | 921 |
Greif Inc. Class B | 16,024 | 912 | |
Miller Industries Inc. | 29,406 | 911 | |
*,1 | View Inc. | 374,707 | 907 |
Kronos Worldwide Inc. | 61,011 | 899 | |
* | Infrastructure and Energy Alternatives Inc. | 73,718 | 802 |
* | Hireright Holdings Corp. | 60,961 | 797 |
* | CS Disco Inc. | 20,968 | 792 |
* | Velodyne Lidar Inc. | 206,708 | 763 |
Park Aerospace Corp. | 53,653 | 744 | |
* | Radiant Logistics Inc. | 107,560 | 742 |
Caesarstone Ltd. | 61,708 | 740 | |
Covenant Logistics Group Inc. Class A | 32,598 | 734 | |
* | Safe Bulkers Inc. | 172,365 | 720 |
* | Atlanticus Holdings Corp. | 13,323 | 710 |
* | Commercial Vehicle Group Inc. | 87,841 | 702 |
United States Lime & Minerals Inc. | 5,729 | 673 | |
* | AvidXchange Holdings Inc. | 68,950 | 664 |
* | Teekay Corp. | 190,384 | 642 |
* | PAM Transportation Services Inc. | 9,425 | 636 |
* | ShotSpotter Inc. | 23,141 | 594 |
* | Luna Innovations Inc. | 83,779 | 572 |
* | Lawson Products Inc. | 12,899 | 548 |
* | Concrete Pumping Holdings Inc. | 70,937 | 528 |
Powell Industries Inc. | 24,993 | 528 | |
* | Acacia Research Corp. | 134,456 | 515 |
* | Byrna Technologies Inc. | 50,763 | 508 |
* | CECO Environmental Corp. | 85,429 | 460 |
* | Atlas Technical Consultants Inc. | 39,427 | 453 |
Preformed Line Products Co. | 8,060 | 449 | |
* | Rekor Systems Inc. | 92,686 | 438 |
* | INNOVATE Corp. | 129,962 | 433 |
Universal Logistics Holdings Inc. | 20,566 | 393 | |
* | Aersale Corp. | 24,880 | 390 |
* | Iteris Inc. | 114,469 | 377 |
Cadre Holdings Inc. | 16,870 | 371 | |
Park-Ohio Holdings Corp. | 23,296 | 370 | |
* | Mistras Group Inc. | 54,016 | 360 |
*,1 | Remitly Global Inc. | 32,523 | 356 |
Shares | Market Value• ($000) | ||
* | Eos Energy Enterprises Inc. | 117,652 | 341 |
* | US Xpress Enterprises Inc. Class A | 73,789 | 335 |
* | EVI Industries Inc. | 15,455 | 319 |
* | Willis Lease Finance Corp. | 7,923 | 277 |
Hirequest Inc. | 14,047 | 264 | |
* | Mayville Engineering Co. Inc. | 24,775 | 256 |
* | IBEX Holdings Ltd. | 14,986 | 236 |
* | Target Hospitality Corp. | 68,298 | 215 |
* | AgEagle Aerial Systems Inc. | 183,318 | 214 |
* | Karat Packaging Inc. | 12,594 | 205 |
* | StarTek Inc. | 46,272 | 203 |
*,1 | GreenBox POS | 50,172 | 171 |
* | Priority Technology Holdings Inc. | 28,710 | 151 |
* | Team Inc. | 72,110 | 68 |
1,113,458 | |||
Other (0.0%)3 | |||
*,2 | Aduro Biotech Inc. CVR | 17,431 | 11 |
*,2 | Media General Inc. CVR | 85,418 | 3 |
*,2 | GTX Inc. CVR | 846 | 1 |
*,2 | Contra Flexion Therape CVR | 111 | — |
15 | |||
Real Estate (7.5%) | |||
EastGroup Properties Inc. | 109,245 | 20,840 | |
STAG Industrial Inc. | 476,749 | 18,574 | |
Terreno Realty Corp. | 199,311 | 13,711 | |
Kite Realty Group Trust | 586,606 | 12,864 | |
* | Ryman Hospitality Properties Inc. | 145,363 | 12,808 |
National Storage Affiliates Trust | 219,721 | 12,803 | |
Innovative Industrial Properties Inc. | 64,106 | 12,081 | |
Agree Realty Corp. | 186,205 | 11,945 | |
LXP Industrial Trust | 755,241 | 11,676 | |
Outfront Media Inc. | 393,388 | 10,503 | |
Healthcare Realty Trust Inc. | 398,898 | 10,403 | |
Apple Hospitality REIT Inc. | 579,511 | 10,252 | |
PotlatchDeltic Corp. | 178,566 | 9,803 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 206,961 | 9,797 | |
Physicians Realty Trust | 595,936 | 9,690 | |
* | Digitalbridge Group Inc. | 1,309,492 | 9,494 |
Broadstone Net Lease Inc. | 425,534 | 9,217 | |
Macerich Co. | 578,226 | 8,847 | |
PS Business Parks Inc. | 54,292 | 8,648 | |
* | Equity Commonwealth | 316,919 | 8,420 |
Sabra Health Care REIT Inc. | 616,211 | 8,276 | |
Essential Properties Realty Trust Inc. | 326,986 | 8,266 | |
* | Cushman & Wakefield plc | 374,360 | 8,206 |
Corporate Office Properties Trust | 304,874 | 7,991 | |
Pebblebrook Hotel Trust | 350,735 | 7,895 | |
SITE Centers Corp. | 467,580 | 7,271 |
Shares | Market Value• ($000) | ||
Independence Realty Trust Inc. | 283,829 | 7,172 | |
Newmark Group Inc. Class A | 403,502 | 7,134 | |
Kennedy-Wilson Holdings Inc. | 321,146 | 7,110 | |
Uniti Group Inc. | 530,505 | 6,881 | |
National Health Investors Inc. | 118,009 | 6,291 | |
RLJ Lodging Trust | 446,742 | 6,250 | |
* | Sunstone Hotel Investors Inc. | 587,275 | 6,213 |
Brandywine Realty Trust | 457,818 | 6,103 | |
* | Redfin Corp. | 278,720 | 6,029 |
Retail Opportunity Investments Corp. | 321,729 | 5,843 | |
Piedmont Office Realty Trust Inc. Class A | 335,254 | 5,713 | |
* | Xenia Hotels & Resorts Inc. | 307,691 | 5,705 |
Urban Edge Properties | 312,862 | 5,700 | |
* | Realogy Holdings Corp. | 311,451 | 5,662 |
Paramount Group Inc. | 504,141 | 5,641 | |
Four Corners Property Trust Inc. | 208,674 | 5,505 | |
* | DiamondRock Hospitality Co. | 565,029 | 5,396 |
Washington REIT | 228,311 | 5,333 | |
NexPoint Residential Trust Inc. | 60,170 | 5,113 | |
Acadia Realty Trust | 234,728 | 5,033 | |
American Assets Trust Inc. | 134,997 | 4,935 | |
Easterly Government Properties Inc. Class A | 233,689 | 4,865 | |
St. Joe Co. | 89,946 | 4,860 | |
Tanger Factory Outlet Centers Inc. | 276,918 | 4,619 | |
CareTrust REIT Inc. | 260,179 | 4,553 | |
eXp World Holdings Inc. | 169,838 | 4,541 | |
Alexander & Baldwin Inc. | 195,744 | 4,390 | |
* | Veris Residential Inc. | 237,557 | 4,015 |
Global Net Lease Inc. | 280,885 | 3,991 | |
Industrial Logistics Properties Trust | 175,724 | 3,931 | |
Service Properties Trust | 443,017 | 3,823 | |
Empire State Realty Trust Inc. Class A | 386,209 | 3,653 | |
Centerspace | 38,532 | 3,622 | |
LTC Properties Inc. | 105,219 | 3,560 | |
Preferred Apartment Communities Inc. Class A | 140,911 | 3,559 | |
Safehold Inc. | 56,054 | 3,439 | |
Office Properties Income Trust | 129,151 | 3,235 | |
Marcus & Millichap Inc. | 63,998 | 3,183 | |
Getty Realty Corp. | 110,287 | 3,038 | |
RPT Realty | 225,311 | 2,918 | |
* | Apartment Investment and Management Co. Class A | 407,838 | 2,912 |
* | Summit Hotel Properties Inc. | 279,180 | 2,761 |
Community Healthcare Trust Inc. | 64,429 | 2,687 | |
UMH Properties Inc. | 114,999 | 2,652 | |
Gladstone Land Corp. | 84,597 | 2,529 |
Shares | Market Value• ($000) | ||
Global Medical REIT Inc. | 160,938 | 2,527 | |
Armada Hoffler Properties Inc. | 162,439 | 2,385 | |
NETSTREIT Corp. | 107,310 | 2,376 | |
Necessity Retail REIT Inc. | 335,250 | 2,360 | |
Plymouth Industrial REIT Inc. | 84,463 | 2,203 | |
Gladstone Commercial Corp. | 99,564 | 2,110 | |
* | Radius Global Infrastructure Inc. Class A (XNMS) | 159,352 | 2,049 |
City Office REIT Inc. | 115,321 | 1,986 | |
Universal Health Realty Income Trust | 34,654 | 1,979 | |
GEO Group Inc. | 317,904 | 1,895 | |
Diversified Healthcare Trust | 637,936 | 1,837 | |
* | Chatham Lodging Trust | 128,941 | 1,773 |
Ares Commercial Real Estate Corp. | 118,206 | 1,732 | |
* | CorePoint Lodging Inc. | 106,173 | 1,696 |
Phillips Edison & Co. Inc. | 50,920 | 1,646 | |
Franklin Street Properties Corp. | 273,974 | 1,584 | |
Urstadt Biddle Properties Inc. Class A | 81,136 | 1,528 | |
RE/MAX Holdings Inc. Class A | 49,850 | 1,478 | |
Alexander's Inc. | 5,812 | 1,473 | |
Saul Centers Inc. | 32,006 | 1,473 | |
* | Douglas Elliman Inc. | 193,840 | 1,462 |
Whitestone REIT | 123,111 | 1,450 | |
One Liberty Properties Inc. | 43,834 | 1,274 | |
RMR Group Inc. Class A | 41,259 | 1,202 | |
Indus Realty Trust Inc. | 15,603 | 1,188 | |
* | FRP Holdings Inc. | 18,191 | 1,054 |
* | Seritage Growth Properties Class A | 99,425 | 1,013 |
CatchMark Timber Trust Inc. Class A | 131,696 | 1,009 | |
CTO Realty Growth Inc. | 15,865 | 995 | |
* | Tejon Ranch Co. | 56,154 | 953 |
* | Braemar Hotels & Resorts Inc. | 153,928 | 917 |
Farmland Partners Inc. | 76,740 | 896 | |
* | Forestar Group Inc. | 45,767 | 838 |
* | Hersha Hospitality Trust Class A | 86,793 | 801 |
BRT Apartments Corp. | 30,642 | 674 | |
Postal Realty Trust Inc. Class A | 33,191 | 579 | |
* | Ashford Hospitality Trust Inc. | 45,775 | 394 |
Clipper Realty Inc. | 33,123 | 315 | |
* | Fathom Holdings Inc. | 16,346 | 210 |
Retail Value Inc. | 46,862 | 145 | |
* | Rafael Holdings Inc. Class B | 26,651 | 84 |
Bridge Investment Group Holdings Inc. Class A | 2,899 | 61 | |
547,983 | |||
Technology (12.1%) | |||
* | Synaptics Inc. | 105,916 | 24,194 |
* | Lattice Semiconductor Corp. | 366,741 | 22,965 |
* | II-VI Inc. | 286,283 | 19,885 |
Shares | Market Value• ($000) | ||
KBR Inc. | 381,997 | 18,962 | |
* | Silicon Laboratories Inc. | 107,747 | 16,562 |
* | Rapid7 Inc. | 151,891 | 15,715 |
Power Integrations Inc. | 163,185 | 14,687 | |
CMC Materials Inc. | 76,652 | 14,214 | |
* | Rogers Corp. | 50,546 | 13,799 |
* | Tenable Holdings Inc. | 249,190 | 13,795 |
* | Ambarella Inc. | 95,383 | 13,326 |
* | Mimecast Ltd. | 164,618 | 13,092 |
* | Novanta Inc. | 95,252 | 13,014 |
* | SPS Commerce Inc. | 97,541 | 12,666 |
* | Varonis Systems Inc. Class B | 289,524 | 12,623 |
* | Cargurus Inc. | 257,640 | 12,483 |
* | Workiva Inc. Class A | 115,758 | 12,189 |
* | Semtech Corp. | 174,796 | 12,127 |
* | Digital Turbine Inc. | 245,068 | 11,881 |
* | Ziff Davis Inc. | 117,481 | 11,819 |
* | MaxLinear Inc. | 191,511 | 11,749 |
* | Qualys Inc. | 92,040 | 11,534 |
* | Onto Innovation Inc. | 131,423 | 11,330 |
* | Blackline Inc. | 146,572 | 11,038 |
* | Envestnet Inc. | 146,860 | 10,988 |
* | Diodes Inc. | 117,845 | 10,558 |
* | Asana Inc. Class A | 192,504 | 10,547 |
* | Sailpoint Technologies Holdings Inc. | 247,356 | 10,233 |
*,1 | MicroStrategy Inc. Class A | 22,877 | 10,135 |
* | Fabrinet | 99,945 | 10,007 |
* | Insight Enterprises Inc. | 93,217 | 9,695 |
* | Box Inc. Class A | 376,781 | 9,649 |
* | Q2 Holdings Inc. | 147,865 | 9,619 |
* | Perficient Inc. | 87,913 | 8,958 |
* | Verint Systems Inc. | 174,266 | 8,753 |
Advanced Energy Industries Inc. | 101,879 | 8,746 | |
* | SiTime Corp. | 43,051 | 8,702 |
Kulicke & Soffa Industries Inc. | 165,502 | 8,646 | |
* | FormFactor Inc. | 209,813 | 8,495 |
* | Alarm.com Holdings Inc. | 127,679 | 8,405 |
* | Altair Engineering Inc. Class A | 124,823 | 8,291 |
* | DigitalOcean Holdings Inc. | 137,219 | 8,140 |
* | Blackbaud Inc. | 129,225 | 8,075 |
* | Upwork Inc. | 319,055 | 8,066 |
* | Sprout Social Inc. Class A | 122,025 | 7,945 |
* | Rambus Inc. | 293,249 | 7,918 |
* | MACOM Technology Solutions Holdings Inc. Class H | 131,650 | 7,912 |
* | CommVault Systems Inc. | 123,759 | 7,786 |
* | LiveRamp Holdings Inc. | 178,290 | 7,695 |
* | PagerDuty Inc. | 221,534 | 7,492 |
Vishay Intertechnology Inc. | 359,785 | 6,904 | |
* | Bottomline Technologies DE Inc. | 121,120 | 6,860 |
* | Sanmina Corp. | 171,398 | 6,818 |
* | Yelp Inc. Class A | 193,112 | 6,545 |
* | Appian Corp. Class A | 106,086 | 6,467 |
* | Allscripts Healthcare Solutions Inc. | 327,972 | 6,382 |
Amkor Technology Inc. | 275,378 | 6,243 | |
* | Axcelis Technologies Inc. | 89,793 | 6,215 |
* | Plexus Corp. | 75,645 | 6,163 |
Shares | Market Value• ($000) | ||
* | 3D Systems Corp. | 335,738 | 5,983 |
* | NetScout Systems Inc. | 189,316 | 5,893 |
* | Appfolio Inc. Class A | 51,386 | 5,814 |
Shutterstock Inc. | 63,341 | 5,734 | |
* | TechTarget Inc. | 70,635 | 5,536 |
* | Momentive Global Inc. | 350,068 | 5,503 |
* | Ultra Clean Holdings Inc. | 119,796 | 5,488 |
CSG Systems International Inc. | 87,869 | 5,423 | |
Progress Software Corp. | 118,628 | 5,229 | |
* | Magnite Inc. | 351,438 | 5,124 |
* | Covetrus Inc. | 279,896 | 4,960 |
Xperi Holding Corp. | 284,007 | 4,919 | |
* | E2open Parent Holdings Inc. | 537,938 | 4,831 |
Methode Electronics Inc. | 103,247 | 4,712 | |
* | Super Micro Computer Inc. | 117,930 | 4,633 |
* | Zuora Inc. Class A | 301,441 | 4,576 |
* | Schrodinger Inc. | 122,510 | 4,258 |
* | Cohu Inc. | 129,630 | 4,042 |
* | Veeco Instruments Inc. | 134,615 | 3,846 |
* | Unisys Corp. | 177,196 | 3,787 |
* | Cerence Inc. | 102,141 | 3,688 |
* | LivePerson Inc. | 177,711 | 3,604 |
* | JFrog Ltd. | 143,019 | 3,543 |
* | TTM Technologies Inc. | 281,120 | 3,534 |
* | Impinj Inc. | 50,992 | 3,506 |
* | Ping Identity Holding Corp. | 163,880 | 3,448 |
* | PROS Holdings Inc. | 107,880 | 3,428 |
* | BigCommerce Holdings Inc. Series 1 | 130,916 | 3,391 |
* | ePlus Inc. | 71,892 | 3,372 |
* | Domo Inc. Class B | 75,651 | 3,366 |
CTS Corp. | 85,941 | 3,261 | |
* | Eventbrite Inc. Class A | 206,385 | 3,118 |
* | Alpha & Omega Semiconductor Ltd. | 57,722 | 3,104 |
* | Avaya Holdings Corp. | 223,295 | 3,075 |
* | Avid Technology Inc. | 97,664 | 3,072 |
* | Photronics Inc. | 160,699 | 2,960 |
* | PAR Technology Corp. | 68,427 | 2,870 |
* | Sumo Logic Inc. | 237,451 | 2,859 |
* | Ichor Holdings Ltd. | 75,871 | 2,673 |
* | SMART Global Holdings Inc. | 94,777 | 2,602 |
Benchmark Electronics Inc. | 95,049 | 2,485 | |
* | CEVA Inc. | 60,790 | 2,478 |
* | Parsons Corp. | 71,185 | 2,467 |
* | Consensus Cloud Solutions Inc. | 43,391 | 2,415 |
* | Agilysys Inc. | 57,302 | 2,408 |
* | Model N Inc. | 95,599 | 2,351 |
A10 Networks Inc. | 161,612 | 2,301 | |
* | Yext Inc. | 303,935 | 2,255 |
Sapiens International Corp. NV | 83,394 | 2,251 | |
* | PDF Solutions Inc. | 81,185 | 2,221 |
* | ScanSource Inc. | 68,046 | 2,149 |
* | NeoPhotonics Corp. | 138,573 | 2,122 |
Ebix Inc. | 71,768 | 2,118 | |
* | nLight Inc. | 118,082 | 1,925 |
* | Bandwidth Inc. Class A | 62,470 | 1,908 |
American Software Inc. Class A | 85,077 | 1,869 | |
*,1 | MicroVision Inc. | 442,459 | 1,774 |
Shares | Market Value• ($000) | ||
* | Tucows Inc. Class A | 26,251 | 1,764 |
* | Mitek Systems Inc. | 116,326 | 1,729 |
* | Diebold Nixdorf Inc. | 194,225 | 1,690 |
* | Porch Group Inc. | 208,254 | 1,687 |
* | Rackspace Technology Inc. | 147,825 | 1,645 |
Simulations Plus Inc. | 41,053 | 1,617 | |
* | Grid Dynamics Holdings Inc. | 122,788 | 1,492 |
* | Upland Software Inc. | 78,080 | 1,473 |
PC Connection Inc. | 29,785 | 1,453 | |
* | Ouster Inc. | 424,097 | 1,433 |
* | ChannelAdvisor Corp. | 79,724 | 1,431 |
* | Groupon Inc. Class A | 63,543 | 1,380 |
Hackett Group Inc. | 66,353 | 1,375 | |
* | Limelight Networks Inc. | 337,459 | 1,319 |
* | OneSpan Inc. | 95,160 | 1,311 |
* | Veritone Inc. | 76,600 | 1,290 |
* | Telos Corp. | 107,616 | 1,229 |
* | Identiv Inc. | 58,001 | 1,216 |
* | Alkami Technology Inc. | 77,148 | 1,216 |
* | Aeva Technologies Inc. | 283,988 | 1,193 |
* | ON24 Inc. | 72,599 | 1,133 |
* | Kimball Electronics Inc. | 64,947 | 1,120 |
*,1 | Xometry Inc. Class A | 21,643 | 1,059 |
*,1 | Digimarc Corp. | 34,443 | 1,038 |
*,1 | Cleanspark Inc. | 93,271 | 989 |
* | Enfusion Inc. Class A | 58,979 | 978 |
* | EngageSmart Inc. | 43,648 | 960 |
*,1 | Atomera Inc. | 55,383 | 889 |
* | TrueCar Inc. | 257,694 | 861 |
* | Brightcove Inc. | 110,480 | 826 |
* | Mediaalpha Inc. Class A | 56,959 | 818 |
* | AXT Inc. | 109,557 | 816 |
* | EverQuote Inc. Class A | 53,203 | 792 |
NVE Corp. | 12,909 | 738 | |
* | GAN Ltd. | 109,877 | 733 |
* | Benefitfocus Inc. | 68,331 | 689 |
* | MeridianLink Inc. | 34,414 | 674 |
* | eGain Corp. | 56,269 | 663 |
* | Intapp Inc. | 28,036 | 647 |
* | CoreCard Corp. | 19,711 | 635 |
* | Kopin Corp. | 212,536 | 561 |
* | Couchbase Inc. | 26,391 | 556 |
* | Rimini Street Inc. | 120,242 | 545 |
* | EverCommerce Inc. | 44,611 | 534 |
* | Smith Micro Software Inc. | 125,792 | 523 |
* | comScore Inc. | 187,646 | 492 |
* | Daktronics Inc. | 100,587 | 464 |
* | SecureWorks Corp. Class A | 26,867 | 413 |
* | Quantum Corp. | 157,072 | 408 |
* | GTY Technologies Holdings Inc. | 88,210 | 392 |
* | EMCORE Corp. | 100,204 | 389 |
* | VirnetX Holding Corp. | 173,884 | 316 |
* | Viant Technology Inc. Class A | 32,371 | 266 |
* | SkyWater Technology Inc. | 21,540 | 249 |
* | Stronghold Digital Mining Inc. Class A | 19,564 | 247 |
* | Arteris Inc. | 13,370 | 200 |
*,1 | 1stdibs.com Inc. | 17,958 | 197 |
* | Informatica Inc. Class A | 7,542 | 152 |
* | Weave Communications Inc. | 12,378 | 124 |
* | Freshworks Inc. Class A | 2,940 | 54 |
Shares | Market Value• ($000) | ||
* | Expensify Inc. Class A | 2,544 | 52 |
* | Amplitude Inc. Class A | 1,237 | 27 |
* | NerdWallet Inc. Class A | 2,265 | 26 |
* | Thoughtworks Holding Inc. | 994 | 23 |
*,1 | Society Pass Inc. | 8,562 | 22 |
* | UserTesting Inc. | 2,575 | 21 |
* | Backblaze Inc. Class A | 1,581 | 18 |
* | ForgeRock Inc. Class A | 996 | 15 |
* | Gitlab Inc. Class A | 258 | 15 |
* | Braze Inc. Class A | 258 | 11 |
891,277 | |||
Telecommunications (1.7%) | |||
* | Vonage Holdings Corp. | 653,124 | 13,272 |
* | Iridium Communications Inc. | 319,255 | 12,639 |
* | Viavi Solutions Inc. | 647,583 | 10,620 |
* | Calix Inc. | 148,941 | 8,093 |
Cogent Communications Holdings Inc. | 115,275 | 7,308 | |
InterDigital Inc. | 83,664 | 5,390 | |
Telephone and Data Systems Inc. | 272,500 | 4,728 | |
* | Infinera Corp. | 493,855 | 4,558 |
* | Liberty Latin America Ltd. Class C | 423,803 | 4,276 |
* | 8x8 Inc. | 304,359 | 3,945 |
* | Extreme Networks Inc. | 343,212 | 3,944 |
* | Plantronics Inc. | 114,074 | 3,213 |
*,1 | fuboTV Inc. | 365,865 | 3,128 |
Shenandoah Telecommunications Co. | 130,507 | 2,917 | |
ADTRAN Inc. | 130,599 | 2,689 | |
* | EchoStar Corp. Class A | 100,944 | 2,457 |
* | WideOpenWest Inc. | 141,709 | 2,408 |
* | Gogo Inc. | 159,569 | 2,272 |
* | Harmonic Inc. | 243,663 | 2,269 |
* | NETGEAR Inc. | 78,278 | 2,083 |
* | Clearfield Inc. | 30,827 | 1,976 |
* | IDT Corp. Class B | 53,842 | 1,942 |
* | Globalstar Inc. | 1,638,410 | 1,933 |
* | Digi International Inc. | 90,608 | 1,819 |
* | Anterix Inc. | 31,365 | 1,671 |
Comtech Telecommunications Corp. | 69,581 | 1,432 | |
* | Consolidated Communications Holdings Inc. | 196,718 | 1,401 |
* | United States Cellular Corp. | 40,940 | 1,126 |
*,1 | Inseego Corp. | 228,510 | 1,076 |
* | Liberty Latin America Ltd. Class A | 103,393 | 1,039 |
ATN International Inc. | 30,257 | 1,008 | |
* | Ooma Inc. | 59,837 | 1,001 |
* | Aviat Networks Inc. | 29,383 | 832 |
* | Akoustis Technologies Inc. | 130,977 | 825 |
* | Cambium Networks Corp. | 29,315 | 815 |
* | Telesat Corp. | 35,028 | 726 |
* | CalAmp Corp. | 95,760 | 676 |
* | DZS Inc. | 46,227 | 670 |
* | Ribbon Communications Inc. | 188,716 | 574 |
* | KVH Industries Inc. | 41,768 | 360 |
* | Casa Systems Inc. | 86,005 | 358 |
Shares | Market Value• ($000) | ||
* | Hemisphere Media Group Inc. Class A | 43,500 | 233 |
* | Kaltura Inc. | 47,024 | 105 |
* | IHS Holding Ltd. | 4,630 | 52 |
125,859 | |||
Utilities (3.2%) | |||
* | Evoqua Water Technologies Corp. | 312,783 | 13,343 |
Portland General Electric Co. | 243,224 | 12,348 | |
Black Hills Corp. | 172,935 | 12,104 | |
ONE Gas Inc. | 142,524 | 11,842 | |
1 | Brookfield Infrastructure Corp. Class A (XTSE) | 166,891 | 11,756 |
Southwest Gas Holdings Inc. | 163,106 | 11,571 | |
New Jersey Resources Corp. | 261,085 | 11,389 | |
PNM Resources Inc. | 231,329 | 10,449 | |
* | Casella Waste Systems Inc. Class A | 133,016 | 10,029 |
South Jersey Industries Inc. | 277,954 | 9,431 | |
Spire Inc. | 137,019 | 9,195 | |
ALLETE Inc. | 141,686 | 8,918 | |
1 | Ormat Technologies Inc. (XNYS) | 122,289 | 8,725 |
NorthWestern Corp. | 142,828 | 8,638 | |
Avista Corp. | 191,114 | 8,529 | |
American States Water Co. | 99,857 | 8,404 | |
California Water Service Group | 141,913 | 8,079 | |
Clearway Energy Inc. Class C | 221,943 | 7,413 | |
MGE Energy Inc. | 98,261 | 7,077 | |
Chesapeake Utilities Corp. | 46,558 | 6,190 | |
SJW Group | 74,829 | 4,880 | |
* | Sunnova Energy International Inc. | 231,935 | 4,673 |
Middlesex Water Co. | 46,690 | 4,669 | |
Northwest Natural Holding Co. | 82,483 | 4,290 | |
* | US Ecology Inc. | 85,226 | 4,043 |
Clearway Energy Inc. Class A | 94,125 | 2,879 | |
* | Harsco Corp. | 211,632 | 2,521 |
Unitil Corp. | 42,139 | 2,128 | |
York Water Co. | 35,145 | 1,577 | |
* | Heritage-Crystal Clean Inc. | 42,248 | 1,185 |
Artesian Resources Corp. Class A | 22,087 | 1,027 | |
Aris Water Solution Inc. Class A | 52,867 | 772 |
Shares | Market Value• ($000) | ||
* | Pure Cycle Corp. | 51,651 | 612 |
Global Water Resources Inc. | 33,876 | 517 | |
Via Renewables Inc. Class A | 32,649 | 364 | |
* | Sharps Compliance Corp. | 49,053 | 302 |
* | Cadiz Inc. | 57,366 | 149 |
232,018 | |||
Total Common Stocks (Cost $7,779,473) | 7,286,926 | ||
Face Amount ($000) | |||
Corporate Bonds (0.0%) | |||
4 | GAMCO Investors Inc., 5.000% coupon rate effective 6/15/22 4.000%, 6/15/23 (Cost $22) | 22 | 22 |
Shares | |||
Temporary Cash Investments (2.3%) | |||
Money Market Fund (2.3%) | |||
5,6 | Vanguard Market Liquidity Fund, 0.138% (Cost $163,471) | 1,634,990 | 163,483 |
Total Investments (101.7%) (Cost $7,942,966) | 7,450,431 | ||
Other Assets and Liabilities—Net (-1.7%) | (121,506) | ||
Net Assets (100%) | 7,328,925 | ||
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 $127,309,000. |
2 | Security value determined using significant unobservable inputs. |
3 | “Other” represents securities that are not classified by the fund’s benchmark index. |
4 | Step bond. |
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 $135,417,000 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 | March 2022 | 405 | 41,401 | (2,247) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $7,779,495) | 7,286,948 |
Affiliated Issuers (Cost $163,471) | 163,483 |
Total Investments in Securities | 7,450,431 |
Investment in Vanguard | 233 |
Cash | 1,997 |
Cash Collateral Pledged—Futures Contracts | 2,233 |
Receivables for Investment Securities Sold | 5,385 |
Receivables for Accrued Income | 4,030 |
Receivables for Capital Shares Issued | 217 |
Variation Margin Receivable—Futures Contracts | 111 |
Total Assets | 7,464,637 |
Liabilities | |
Payables for Investment Securities Purchased | 3 |
Collateral for Securities on Loan | 135,417 |
Payables for Capital Shares Redeemed | 40 |
Payables to Vanguard | 252 |
Total Liabilities | 135,712 |
Net Assets | 7,328,925 |
At February 28, 2022, net assets consisted of: | |
Paid-in Capital | 7,803,963 |
Total Distributable Earnings (Loss) | (475,038) |
Net Assets | 7,328,925 |
ETF Shares—Net Assets | |
Applicable to 82,750,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 6,783,425 |
Net Asset Value Per Share—ETF Shares | $81.97 |
Institutional Shares—Net Assets | |
Applicable to 1,739,138 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 545,500 |
Net Asset Value Per Share—Institutional Shares | $313.66 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 37,906 |
Interest2 | 14 |
Securities Lending—Net | 1,503 |
Total Income | 39,423 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 384 |
Management and Administrative—ETF Shares | 1,977 |
Management and Administrative—Institutional Shares | 131 |
Marketing and Distribution—ETF Shares | 124 |
Marketing and Distribution—Institutional Shares | 14 |
Custodian Fees | 680 |
Shareholders’ Reports—ETF Shares | 224 |
Shareholders’ Reports—Institutional Shares | 4 |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 8 |
Total Expenses | 3,548 |
Net Investment Income | 35,875 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 361,078 |
Futures Contracts | (2,679) |
Realized Net Gain (Loss) | 358,399 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (1,136,968) |
Futures Contracts | (2,456) |
Change in Unrealized Appreciation (Depreciation) | (1,139,424) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (745,150) |
1 | Dividends are net of foreign withholding taxes of $46,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $13,000, ($20,000), less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $360,892,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 35,875 | 48,702 | |
Realized Net Gain (Loss) | 358,399 | 727,841 | |
Change in Unrealized Appreciation (Depreciation) | (1,139,424) | 639,157 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (745,150) | 1,415,700 | |
Distributions | |||
ETF Shares | (52,794) | (36,436) | |
Institutional Shares | (5,005) | (7,027) | |
Total Distributions | (57,799) | (43,463) | |
Capital Share Transactions | |||
ETF Shares | 1,295,050 | 3,304,505 | |
Institutional Shares | (5,505) | (267,012) | |
Net Increase (Decrease) from Capital Share Transactions | 1,289,545 | 3,037,493 | |
Total Increase (Decrease) | 486,596 | 4,409,730 | |
Net Assets | |||
Beginning of Period | 6,842,329 | 2,432,599 | |
End of Period | 7,328,925 | 6,842,329 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
20211 | 20201 | 20191 | 20181 | 20171 | ||
Net Asset Value, Beginning of Period | $91.28 | $62.69 | $59.88 | $69.56 | $56.11 | $49.49 |
Investment Operations | ||||||
Net Investment Income2 | .433 | .865 | .810 | .797 | .777 | .722 |
Net Realized and Unrealized Gain (Loss) on Investments | (9.048) | 28.550 | 2.815 | (9.704) | 13.423 | 6.632 |
Total from Investment Operations | (8.615) | 29.415 | 3.625 | (8.907) | 14.200 | 7.354 |
Distributions | ||||||
Dividends from Net Investment Income | (.695) | (.825) | (.815) | (.773) | (.750) | (.734) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.695) | (.825) | (.815) | (.773) | (.750) | (.734) |
Net Asset Value, End of Period | $81.97 | $91.28 | $62.69 | $59.88 | $69.56 | $56.11 |
Total Return | -9.48% | 47.15% | 6.12% | -12.83% | 25.49% | 14.94% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $6,783 | $6,223 | $1,802 | $1,464 | $1,715 | $1,083 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.10% | 0.15% | 0.15% |
Ratio of Net Investment Income to Average Net Assets | 1.01% | 1.02% | 1.37% | 1.30% | 1.23% | 1.34% |
Portfolio Turnover Rate3 | 6% | 23% | 19% | 16% | 19% | 23% |
The expense ratio and net investment income ratio for the current period have been annualized. |
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 | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $349.26 | $239.84 | $229.03 | $266.12 | $214.65 | $189.31 |
Investment Operations | ||||||
Net Investment Income1 | 1.756 | 3.360 | 3.208 | 3.078 | 3.129 | 2.956 |
Net Realized and Unrealized Gain (Loss) on Investments | (34.669) | 109.242 | 10.710 | (37.106) | 51.369 | 25.315 |
Total from Investment Operations | (32.913) | 112.602 | 13.918 | (34.028) | 54.498 | 28.271 |
Distributions | ||||||
Dividends from Net Investment Income | (2.687) | (3.182) | (3.108) | (3.062) | (3.028) | (2.931) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.687) | (3.182) | (3.108) | (3.062) | (3.028) | (2.931) |
Net Asset Value, End of Period | $313.66 | $349.26 | $239.84 | $229.03 | $266.12 | $214.65 |
Total Return | -9.48% | 47.19% | 6.15% | -12.83% | 25.58% | 15.03% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $546 | $619 | $630 | $859 | $982 | $576 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.07% | 1.08% | 1.41% | 1.32% | 1.30% | 1.41% |
Portfolio Turnover Rate2 | 6% | 23% | 19% | 16% | 19% | 23% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 7,286,855 | — | 71 | 7,286,926 |
Corporate Bonds | — | 22 | — | 22 |
Temporary Cash Investments | 163,483 | — | — | 163,483 |
Total | 7,450,338 | 22 | 71 | 7,450,431 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 2,247 | — | — | 2,247 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 7,963,350 |
Gross Unrealized Appreciation | 661,653 |
Gross Unrealized Depreciation | (1,176,819) |
Net Unrealized Appreciation (Depreciation) | (515,166) |
E. | During the six months ended February 28, 2022, the fund purchased $2,782,757,000 of investment securities and sold $1,549,460,000 of investment securities, other than temporary cash investments. Purchases and sales include $2,378,393,000 and $1,086,554,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares1 | |||||
Issued | 2,384,380 | 27,325 | 5,016,365 | 59,050 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,089,330) | (12,750) | (1,711,860) | (19,625) | |
Net Increase (Decrease)—ETF Shares | 1,295,050 | 14,575 | 3,304,505 | 39,425 | |
Institutional Shares | |||||
Issued | 101,314 | 292 | 87,649 | 270 | |
Issued in Lieu of Cash Distributions | 4,752 | 14 | 6,712 | 23 | |
Redeemed | (111,571) | (340) | (361,373) | (1,148) | |
Net Increase (Decrease)—Institutional Shares | (5,505) | (34) | (267,012) | (855) |
1 | 2021 shares adjusted to reflect a 2-for-1 share split effective at the beginning of trading on April 20, 2021. |
G. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
Basic Materials | 4.3% |
Consumer Discretionary | 12.5 |
Consumer Staples | 2.7 |
Energy | 8.4 |
Financials | 26.7 |
Health Care | 8.9 |
Industrials | 14.3 |
Real Estate | 11.5 |
Technology | 4.4 |
Telecommunications | 1.2 |
Utilities | 5.1 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Basic Materials (4.3%) | |||
* | RBC Bearings Inc. | 20,479 | 3,970 |
Commercial Metals Co. | 102,528 | 3,952 | |
Avient Corp. | 69,667 | 3,650 | |
* | Arconic Corp. | 90,919 | 2,791 |
Boise Cascade Co. | 26,305 | 2,103 | |
* | Constellium SE Class A | 105,797 | 2,056 |
Tronox Holdings plc Class A | 97,458 | 1,978 | |
Minerals Technologies Inc. | 28,229 | 1,976 | |
Hecla Mining Co. | 319,468 | 1,840 | |
Stepan Co. | 16,646 | 1,725 | |
Mueller Industries Inc. | 29,310 | 1,672 | |
Worthington Industries Inc. | 28,196 | 1,608 | |
Carpenter Technology Corp. | 40,567 | 1,557 | |
Sensient Technologies Corp. | 17,425 | 1,431 | |
Innospec Inc. | 14,415 | 1,377 | |
* | GCP Applied Technologies Inc. | 41,944 | 1,325 |
* | Kraton Corp. | 26,830 | 1,238 |
Kaiser Aluminum Corp. | 11,823 | 1,141 | |
Schnitzer Steel Industries Inc. Class A | 20,356 | 990 | |
* | Century Aluminum Co. | 41,571 | 982 |
AdvanSix Inc. | 23,422 | 938 | |
* | US Silica Holdings Inc. | 62,929 | 910 |
Materion Corp. | 10,651 | 890 | |
Schweitzer-Mauduit International Inc. | 26,833 | 838 | |
* | TimkenSteel Corp. | 38,875 | 701 |
* | Amyris Inc. | 132,639 | 605 |
Verso Corp. Class A | 22,528 | 597 | |
Neenah Inc. | 14,535 | 566 | |
Glatfelter Corp. | 36,954 | 508 | |
* | Koppers Holdings Inc. | 17,532 | 502 |
* | Intrepid Potash Inc. | 8,382 | 477 |
Ecovyst Inc. | 43,307 | 473 | |
UFP Industries Inc. | 4,892 | 419 | |
* | Clearwater Paper Corp. | 13,912 | 401 |
Haynes International Inc. | 10,531 | 385 | |
* | Alto Ingredients Inc. | 60,323 | 352 |
* | Rayonier Advanced Materials Inc. | 52,165 | 306 |
* | Coeur Mining Inc. | 68,796 | 296 |
American Vanguard Corp. | 18,849 | 284 | |
Hawkins Inc. | 5,409 | 245 | |
* | Northwest Pipe Co. | 8,169 | 233 |
* | Unifi Inc. | 12,153 | 228 |
Olympic Steel Inc. | 7,934 | 212 |
Shares | Market Value• ($000) | ||
* | Zymergen Inc. | 54,189 | 207 |
GrafTech International Ltd. | 19,422 | 196 | |
FutureFuel Corp. | 21,671 | 159 | |
* | Energy Fuels Inc. | 18,231 | 149 |
Ryerson Holding Corp. | 5,132 | 134 | |
* | NN Inc. | 35,818 | 93 |
Valhi Inc. | 2,020 | 51 | |
Tredegar Corp. | 4,135 | 48 | |
* | Polymet Mining Corp. | 16,031 | 44 |
* | Ur-Energy Inc. | 16,930 | 25 |
* | Gatos Silver Inc. | 6,789 | 23 |
51,857 | |||
Consumer Discretionary (12.5%) | |||
*,1 | AMC Entertainment Holdings Inc. Class A | 440,166 | 8,302 |
Macy's Inc. | 268,066 | 6,948 | |
* | Avis Budget Group Inc. | 35,256 | 6,467 |
TEGNA Inc. | 188,770 | 4,327 | |
* | Goodyear Tire & Rubber Co. | 236,397 | 3,662 |
* | Adient plc | 70,560 | 3,158 |
* | Meritage Homes Corp. | 29,567 | 2,915 |
Group 1 Automotive Inc. | 14,955 | 2,721 | |
* | Taylor Morrison Home Corp. Class A | 90,110 | 2,658 |
MillerKnoll Inc. | 63,511 | 2,469 | |
* | Callaway Golf Co. | 98,515 | 2,437 |
* | Academy Sports & Outdoors Inc. | 66,164 | 2,142 |
KB Home | 55,335 | 2,136 | |
* | Spirit Airlines Inc. | 84,791 | 2,127 |
Graham Holdings Co. Class B | 3,277 | 1,970 | |
* | Tri Pointe Homes Inc. | 87,530 | 1,958 |
Rush Enterprises Inc. Class A | 37,177 | 1,931 | |
* | KAR Auction Services Inc. | 103,123 | 1,904 |
* | BJ's Wholesale Club Holdings Inc. | 29,547 | 1,858 |
John Wiley & Sons Inc. Class A | 36,737 | 1,848 | |
* | Vista Outdoor Inc. | 48,930 | 1,784 |
* | Madison Square Garden Entertainment Corp. | 22,429 | 1,758 |
* | Abercrombie & Fitch Co. Class A | 45,681 | 1,740 |
* | ODP Corp. | 39,289 | 1,729 |
Gray Television Inc. | 72,860 | 1,707 | |
* | Knowles Corp. | 75,803 | 1,651 |
MDC Holdings Inc. | 35,976 | 1,595 | |
* | PROG Holdings Inc. | 46,742 | 1,432 |
Jack in the Box Inc. | 16,105 | 1,389 |
Shares | Market Value• ($000) | ||
* | Lions Gate Entertainment Corp. Class B | 97,226 | 1,385 |
* | SeaWorld Entertainment Inc. | 19,689 | 1,366 |
HNI Corp. | 33,270 | 1,354 | |
PriceSmart Inc. | 18,486 | 1,344 | |
*,1 | Bed Bath & Beyond Inc. | 77,041 | 1,301 |
* | Coursera Inc. | 62,353 | 1,268 |
Dillard's Inc. Class A | 4,998 | 1,253 | |
Strategic Education Inc. | 20,849 | 1,231 | |
* | M/I Homes Inc. | 24,671 | 1,216 |
* | SkyWest Inc. | 42,634 | 1,198 |
* | Stride Inc. | 33,515 | 1,125 |
* | iHeartMedia Inc. Class A | 52,370 | 1,123 |
Oxford Industries Inc. | 12,639 | 1,117 | |
La-Z-Boy Inc. | 37,536 | 1,095 | |
* | EW Scripps Co. Class A | 48,546 | 1,081 |
Dana Inc. | 57,662 | 1,074 | |
* | Clear Channel Outdoor Holdings Inc. | 283,967 | 1,062 |
* | G-III Apparel Group Ltd. | 37,700 | 1,046 |
Sinclair Broadcast Group Inc. Class A | 33,212 | 996 | |
Sonic Automotive Inc. Class A | 18,316 | 984 | |
* | Clean Energy Fuels Corp. | 133,263 | 969 |
Big Lots Inc. | 27,741 | 964 | |
Scholastic Corp. | 22,532 | 948 | |
* | Central Garden & Pet Co. Class A | 21,216 | 934 |
Laureate Education Inc. Class A | 85,478 | 927 | |
Steelcase Inc. Class A | 73,587 | 896 | |
Acushnet Holdings Corp. | 20,330 | 890 | |
Matthews International Corp. Class A | 26,747 | 887 | |
* | Adtalem Global Education Inc. | 41,901 | 871 |
Franchise Group Inc. | 20,661 | 871 | |
* | Dave & Buster's Entertainment Inc. | 19,683 | 853 |
* | Cars.com Inc. | 51,110 | 827 |
* | Hawaiian Holdings Inc. | 42,963 | 824 |
* | Genesco Inc. | 12,831 | 823 |
* | Zumiez Inc. | 18,297 | 814 |
* | Imax Corp. | 39,270 | 812 |
* | Lions Gate Entertainment Corp. Class A | 52,645 | 809 |
Standard Motor Products Inc. | 17,966 | 785 | |
* | Tupperware Brands Corp. | 41,572 | 758 |
Signet Jewelers Ltd. | 9,865 | 695 | |
Guess? Inc. | 29,561 | 647 | |
* | Perdoceo Education Corp. | 60,722 | 636 |
* | Cavco Industries Inc. | 2,321 | 633 |
* | Sleep Number Corp. | 9,616 | 632 |
* | Gannett Co. Inc. | 118,660 | 589 |
* | PowerSchool Holdings Inc. Class A | 37,029 | 583 |
Century Communities Inc. | 8,972 | 572 | |
Aaron's Co. Inc. | 26,385 | 554 | |
* | Fossil Group Inc. | 40,285 | 545 |
A-Mark Precious Metals Inc. | 7,567 | 543 | |
* | Revolve Group Inc. | 11,227 | 532 |
Movado Group Inc. | 13,193 | 520 | |
Carriage Services Inc. Class A | 10,515 | 517 | |
Monro Inc. | 10,760 | 502 | |
* | AMC Networks Inc. Class A | 12,042 | 499 |
Interface Inc. Class A | 38,172 | 498 |
Shares | Market Value• ($000) | ||
Ethan Allen Interiors Inc. | 19,009 | 495 | |
* | Boston Omaha Corp. Class A | 17,191 | 481 |
* | Urban Outfitters Inc. | 17,132 | 471 |
* | TravelCenters of America Inc. | 10,534 | 445 |
* | American Axle & Manufacturing Holdings Inc. | 47,824 | �� 443 |
Winmark Corp. | 1,948 | 441 | |
* | Green Brick Partners Inc. | 18,563 | 430 |
* | Hovnanian Enterprises Inc. Class A | 4,379 | 421 |
* | Beazer Homes USA Inc. | 24,706 | 404 |
* | MarineMax Inc. | 8,597 | 393 |
* | LL Flooring Holdings Inc. | 24,064 | 386 |
* | Chico's FAS Inc. | 79,701 | 375 |
* | Stagwell Inc. | 47,701 | 362 |
* | Universal Electronics Inc. | 10,759 | 358 |
* | Marcus Corp. | 19,223 | 349 |
* | Bluegreen Vacations Holding Class A | 12,077 | 342 |
Entravision Communications Corp. Class A | 51,884 | 332 | |
* | Daily Journal Corp. | 1,019 | 330 |
Del Taco Restaurants Inc. | 25,196 | 314 | |
* | WW International Inc. | 30,857 | 314 |
* | American Public Education Inc. | 15,683 | 313 |
* | Audacy Inc. Class A | 99,613 | 309 |
* | Stoneridge Inc. | 18,649 | 308 |
Kimball International Inc. Class B | 33,071 | 307 | |
*,1 | Lordstown Motors Corp. Class A | 117,999 | 303 |
Cato Corp. Class A | 16,718 | 294 | |
* | Chuy's Holdings Inc. | 8,954 | 292 |
1 | Big 5 Sporting Goods Corp. | 17,584 | 291 |
* | Central Garden & Pet Co. | 6,020 | 285 |
*,1 | Canoo Inc. | 48,908 | 281 |
* | Conn's Inc. | 15,071 | 276 |
* | Cinemark Holdings Inc. | 15,680 | 275 |
* | Motorcar Parts of America Inc. | 16,035 | 259 |
Tilly's Inc. Class A | 19,004 | 241 | |
* | Container Store Group Inc. | 26,828 | 237 |
* | OneSpaWorld Holdings Ltd. | 22,746 | 235 |
Haverty Furniture Cos. Inc. | 7,931 | 225 | |
* | Life Time Group Holdings Inc. | 14,254 | 222 |
* | El Pollo Loco Holdings Inc. | 16,055 | 213 |
*,1 | Genius Brands International Inc. | 238,446 | 212 |
Rocky Brands Inc. | 5,479 | 211 | |
* | Barnes & Noble Education Inc. | 37,950 | 208 |
* | Lands' End Inc. | 12,140 | 206 |
Rush Enterprises Inc. Class B | 4,137 | 203 | |
* | Denny's Corp. | 12,526 | 198 |
Hooker Furnishings Corp. | 9,230 | 194 | |
* | Instructure Holdings Inc. | 8,567 | 192 |
* | American Outdoor Brands Inc. | 11,804 | 184 |
* | Cooper-Standard Holdings Inc. | 14,210 | 181 |
* | Legacy Housing Corp. | 7,091 | 181 |
* | Vera Bradley Inc. | 22,187 | 168 |
* | Alta Equipment Group Inc. | 12,959 | 163 |
* | Monarch Casino & Resort Inc. | 2,081 | 162 |
Superior Group of Cos. Inc. | 7,736 | 159 |
Shares | Market Value• ($000) | ||
* | Integral Ad Science Holding Corp. | 8,061 | 151 |
* | Fiesta Restaurant Group Inc. | 14,878 | 150 |
*,1 | Portillo's Inc. Class A | 5,974 | 150 |
* | European Wax Center Inc. Class A | 5,954 | 148 |
* | Fisker Inc. | 11,627 | 142 |
Lifetime Brands Inc. | 10,651 | 140 | |
* | VOXX International Corp. Class A | 13,045 | 140 |
Johnson Outdoors Inc. Class A | 1,658 | 137 | |
National CineMedia Inc. | 46,066 | 137 | |
Bassett Furniture Industries Inc. | 7,805 | 137 | |
* | Houghton Mifflin Harcourt Co. | 6,500 | 136 |
* | iRobot Corp. | 2,163 | 134 |
* | Mesa Air Group Inc. | 29,099 | 127 |
* | CarLotz Inc. | 62,722 | 127 |
* | Traeger Inc. | 12,785 | 126 |
* | Udemy Inc. | 9,562 | 126 |
* | Lazydays Holdings Inc. | 6,736 | 123 |
Flexsteel Industries Inc. | 5,573 | 120 | |
1 | Weber Inc. Class A | 10,403 | 119 |
* | F45 Training Holdings Inc. | 7,425 | 114 |
* | Snap One Holdings Corp. | 5,729 | 113 |
Rent-A-Center Inc. | 3,644 | 104 | |
* | 2U Inc. | 9,459 | 99 |
Hibbett Inc. | 2,179 | 98 | |
* | Tenneco Inc. Class A | 5,032 | 97 |
* | Biglari Holdings Inc. Class B | 692 | 95 |
* | Nautilus Inc. | 18,710 | 91 |
1 | Krispy Kreme Inc. | 5,675 | 85 |
Escalade Inc. | 6,330 | 84 | |
*,1 | Shift Technologies Inc. | 41,678 | 84 |
Global Industrial Co. | 2,431 | 77 | |
* | America's Car-Mart Inc. | 794 | 76 |
Carrols Restaurant Group Inc. | 27,977 | 74 | |
Sturm Ruger & Co. Inc. | 1,022 | 74 | |
* | Xponential Fitness Inc. Class A | 3,528 | 74 |
* | Emerald Holding Inc. | 20,227 | 72 |
* | Stonemor Inc. | 26,974 | 70 |
* | Torrid Holdings Inc. | 8,039 | 70 |
Buckle Inc. | 1,915 | 69 | |
* | CuriosityStream Inc. | 17,955 | 66 |
* | Revlon Inc. Class A | 6,174 | 60 |
* | Landsea Homes Corp. | 8,972 | 59 |
Hamilton Beach Brands Holding Co. Class A | 3,796 | 57 | |
Shoe Carnival Inc. | 1,962 | 57 | |
* | Turtle Beach Corp. | 2,295 | 55 |
NL Industries Inc. | 8,084 | 52 | |
* | Fluent Inc. | 36,259 | 51 |
* | Hall of Fame Resort & Entertainment Co. | 47,335 | 50 |
*,1 | XL Fleet Corp. | 25,080 | 49 |
* | Drive Shack Inc. | 35,779 | 48 |
* | Outbrain Inc. | 3,526 | 46 |
* | BJ's Restaurants Inc. | 1,393 | 45 |
* | Chicken Soup For The Soul Entertainment Inc. | 4,657 | 45 |
* | Romeo Power Inc. | 24,650 | 45 |
* | Solo Brands Inc. Class A | 4,265 | 45 |
* | Thryv Holdings Inc. | 1,376 | 42 |
* | Eros STX Global Corp. | 13,307 | 42 |
Shares | Market Value• ($000) | ||
* | First Watch Restaurant Group Inc. | 2,830 | 41 |
Nathan's Famous Inc. | 624 | 36 | |
CompX International Inc. | 1,590 | 35 | |
* | Rent the Runway Inc. Class A | 5,372 | 33 |
* | Liberty TripAdvisor Holdings Inc. Class A | 13,916 | 30 |
* | Lulu's Fashion Lounge Holdings Inc. | 2,428 | 24 |
* | aka Brands Holding Corp. | 3,000 | 23 |
* | Eastman Kodak Co. | 2,109 | 10 |
*,1 | Dutch Bros Inc. Class A | 187 | 9 |
* | Regis Corp. | 3,562 | 6 |
* | Sweetgreen Inc. Class A | 216 | 5 |
* | Arhaus Inc. | 732 | 5 |
* | Digital Media Solutions Inc. Class A | 1,309 | 4 |
* | Brilliant Earth Group Inc. Class A | 397 | 4 |
* | Allbirds Inc. Class A | 149 | 1 |
149,845 | |||
Consumer Staples (2.7%) | |||
* | Simply Good Foods Co. | 68,038 | 2,696 |
* | Hostess Brands Inc. Class A | 117,405 | 2,529 |
Primo Water Corp. | 133,674 | 1,944 | |
* | United Natural Foods Inc. | 44,511 | 1,791 |
* | TreeHouse Foods Inc. | 44,272 | 1,738 |
Edgewell Personal Care Co. | 46,116 | 1,645 | |
B&G Foods Inc. | 54,466 | 1,612 | |
Cal-Maine Foods Inc. | 34,754 | 1,539 | |
* | Sprouts Farmers Market Inc. | 53,205 | 1,515 |
Vector Group Ltd. | 105,336 | 1,181 | |
Universal Corp. | 20,653 | 1,118 | |
Nu Skin Enterprises Inc. Class A | 23,440 | 1,087 | |
Ingles Markets Inc. Class A | 11,983 | 985 | |
Weis Markets Inc. | 14,245 | 879 | |
SpartanNash Co. | 30,232 | 851 | |
* | Chefs' Warehouse Inc. | 25,463 | 836 |
Fresh Del Monte Produce Inc. | 28,766 | 745 | |
Andersons Inc. | 15,797 | 720 | |
ACCO Brands Corp. | 80,381 | 691 | |
* | Performance Food Group Co. | 11,302 | 633 |
Sanderson Farms Inc. | 2,462 | 440 | |
Tootsie Roll Industries Inc. | 13,042 | 440 | |
* | Rite Aid Corp. | 47,064 | 431 |
* | Mission Produce Inc. | 27,716 | 360 |
Lancaster Colony Corp. | 1,940 | 326 | |
*,1 | BellRing Brands Inc. Class A | 11,937 | 305 |
* | Whole Earth Brands Inc. | 31,516 | 299 |
* | Seneca Foods Corp. Class A | 5,153 | 256 |
* | Landec Corp. | 21,937 | 253 |
John B Sanfilippo & Son Inc. | 2,530 | 201 | |
* | Duckhorn Portfolio Inc. | 9,988 | 196 |
* | HF Foods Group Inc. | 30,525 | 191 |
Nature's Sunshine Products Inc. | 10,204 | 179 | |
Village Super Market Inc. Class A | 7,141 | 163 | |
MGP Ingredients Inc. | 1,935 | 154 | |
* | Sovos Brands Inc. | 12,455 | 151 |
Limoneira Co. | 9,510 | 139 | |
Oil-Dri Corp. of America | 4,325 | 134 | |
Natural Grocers by Vitamin Cottage Inc. | 7,737 | 131 |
Shares | Market Value• ($000) | ||
* | Beauty Health Co. | 6,343 | 123 |
* | Honest Co. Inc. | 20,797 | 120 |
* | Veru Inc. | 15,032 | 84 |
PetMed Express Inc. | 2,305 | 62 | |
* | AquaBounty Technologies Inc. | 29,274 | 47 |
* | Vita Coco Co. Inc. | 3,136 | 36 |
* | NewAge Inc. | 49,186 | 33 |
* | Zevia PBC Class A | 2,645 | 17 |
* | Laird Superfood Inc. | 1,365 | 8 |
* | Real Good Food Co. Inc. | 187 | 1 |
32,015 | |||
Energy (8.4%) | |||
Ovintiv Inc. (XNYS) | 211,157 | 9,681 | |
Chesapeake Energy Corp. | 84,285 | 6,511 | |
PDC Energy Inc. | 83,241 | 5,371 | |
* | Antero Resources Corp. | 214,629 | 4,921 |
* | Range Resources Corp. | 203,934 | 4,680 |
Murphy Oil Corp. | 125,195 | 4,340 | |
SM Energy Co. | 102,505 | 3,640 | |
Helmerich & Payne Inc. | 89,777 | 3,253 | |
* | ChampionX Corp. | 141,872 | 3,037 |
* | CNX Resources Corp. | 178,631 | 2,919 |
California Resources Corp. | 69,092 | 2,849 | |
Whiting Petroleum Corp. | 33,465 | 2,471 | |
* | Renewable Energy Group Inc. | 38,240 | 2,352 |
Patterson-UTI Energy Inc. | 161,066 | 2,324 | |
Equitrans Midstream Corp. | 348,413 | 2,233 | |
Arcosa Inc. | 41,274 | 2,174 | |
Civitas Resources Inc. | 31,575 | 1,594 | |
World Fuel Services Corp. | 53,188 | 1,507 | |
* | Golar LNG Ltd. | 86,364 | 1,503 |
* | PBF Energy Inc. Class A | 82,183 | 1,366 |
* | Green Plains Inc. | 40,748 | 1,334 |
* | Peabody Energy Corp. | 75,944 | 1,317 |
* | Oceaneering International Inc. | 85,765 | 1,256 |
Warrior Met Coal Inc. | 39,535 | 1,245 | |
Arch Resources Inc. | 10,355 | 1,236 | |
* | Centennial Resource Development Inc. Class A | 136,444 | 1,198 |
Northern Oil and Gas Inc. | 44,826 | 1,124 | |
* | NexTier Oilfield Solutions Inc. | 132,861 | 1,058 |
* | Delek US Holdings Inc. | 56,225 | 969 |
Archrock Inc. | 114,452 | 956 | |
* | Array Technologies Inc. | 84,688 | 952 |
* | ProPetro Holding Corp. | 73,095 | 933 |
* | CONSOL Energy Inc. | 29,341 | 902 |
* | NOW Inc. | 94,332 | 881 |
* | Dril-Quip Inc. | 29,702 | 857 |
Brigham Minerals Inc. Class A | 37,389 | 852 | |
* | Nabors Industries Ltd. (XNYS) | 5,973 | 750 |
* | MRC Global Inc. | 69,168 | 699 |
* | Bristow Group Inc. | 19,972 | 662 |
* | Comstock Resources Inc. | 77,298 | 642 |
* | Liberty Oilfield Services Inc. Class A | 50,172 | 626 |
* | Ranger Oil Corp. Class A | 17,919 | 605 |
* | Gevo Inc. | 168,352 | 598 |
* | Laredo Petroleum Inc. | 7,732 | 592 |
Berry Corp. | 56,897 | 569 | |
SunCoke Energy Inc. | 71,659 | 568 | |
* | Expro Group Holdings NV | 33,673 | 542 |
* | Tidewater Inc. | 35,135 | 520 |
Shares | Market Value• ($000) | ||
* | RPC Inc. | 56,959 | 499 |
* | Helix Energy Solutions Group Inc. | 120,791 | 489 |
* | Select Energy Services Inc. Class A | 53,574 | 444 |
CVR Energy Inc. | 24,971 | 434 | |
* | FuelCell Energy Inc. | 71,426 | 429 |
* | REX American Resources Corp. | 4,485 | 424 |
* | Talos Energy Inc. | 26,325 | 414 |
* | W&T Offshore Inc. | 79,156 | 385 |
* | Centrus Energy Corp. Class A | 8,186 | 371 |
Oasis Petroleum Inc. | 2,523 | 334 | |
* | Callon Petroleum Co. | 5,375 | 303 |
* | Aemetis Inc. | 22,705 | 291 |
* | Newpark Resources Inc. | 76,161 | 287 |
* | National Energy Services Reunited Corp. | 32,006 | 285 |
* | Oil States International Inc. | 51,089 | 267 |
* | SunPower Corp. | 13,846 | 248 |
* | Earthstone Energy Inc. Class A | 17,937 | 233 |
* | American Superconductor Corp. | 23,529 | 200 |
* | FTS International Inc. Class A | 7,524 | 199 |
Solaris Oilfield Infrastructure Inc. Class A | 19,087 | 198 | |
Kinetik Holdings Inc. | 2,506 | 170 | |
* | Matrix Service Co. | 21,837 | 151 |
HighPeak Energy Inc. | 4,297 | 91 | |
* | TETRA Technologies Inc. | 23,645 | 76 |
* | Par Pacific Holdings Inc. | 5,536 | 75 |
Riley Exploration Permian Inc. | 1,838 | 62 | |
* | Nabors Industries Ltd. Warrants Exp. 6/11/26 | 2,380 | 33 |
Falcon Minerals Corp. | 5,658 | 32 | |
* | Beam Global | 1,048 | 15 |
* | Advent Technologies Holdings Inc. | 3,818 | 10 |
* | Fluence Energy Inc. | 426 | 6 |
100,624 | |||
Financials (26.7%) | |||
SouthState Corp. | 59,478 | 5,353 | |
Valley National Bancorp | 341,252 | 4,767 | |
Glacier Bancorp Inc. | 82,856 | 4,590 | |
Old National Bancorp | 250,915 | 4,587 | |
Blackstone Mortgage Trust Inc. Class A | 133,812 | 4,253 | |
Cadence Bank | 134,348 | 4,248 | |
Selective Insurance Group Inc. | 50,662 | 4,215 | |
United Bankshares Inc. | 112,422 | 4,117 | |
Hancock Whitney Corp. | 73,612 | 4,099 | |
Essent Group Ltd. | 92,306 | 4,078 | |
UMB Financial Corp. | 37,370 | 3,807 | |
Radian Group Inc. | 153,424 | 3,667 | |
United Community Banks Inc. | 89,368 | 3,455 | |
BankUnited Inc. | 75,857 | 3,353 | |
Independent Bank Corp. (XNGS) | 38,967 | 3,352 | |
Community Bank System Inc. | 45,605 | 3,326 | |
Walker & Dunlop Inc. | 22,402 | 3,099 | |
Associated Banc-Corp. | 126,718 | 3,091 |
Shares | Market Value• ($000) | ||
Home BancShares Inc. | 129,961 | 3,042 | |
First Interstate BancSystem Inc. Class A | 74,570 | 3,028 | |
* | Enstar Group Ltd. | 10,569 | 3,012 |
Cathay General Bancorp | 63,219 | 2,973 | |
Ameris Bancorp | 56,761 | 2,810 | |
WSFS Financial Corp. | 55,171 | 2,804 | |
Simmons First National Corp. Class A | 97,081 | 2,769 | |
* | Mr Cooper Group Inc. | 52,694 | 2,678 |
American Equity Investment Life Holding Co. | 70,523 | 2,658 | |
Pacific Premier Bancorp Inc. | 67,789 | 2,624 | |
Atlantic Union Bankshares Corp. | 64,390 | 2,616 | |
CVB Financial Corp. | 110,402 | 2,603 | |
Federated Hermes Inc. | 79,170 | 2,586 | |
CNO Financial Group Inc. | 105,113 | 2,541 | |
Eastern Bankshares Inc. | 115,616 | 2,527 | |
Independent Bank Group Inc. | 32,135 | 2,479 | |
Chimera Investment Corp. | 201,152 | 2,448 | |
First BanCorp. (XNYS) | 173,069 | 2,444 | |
Columbia Banking System Inc. | 66,683 | 2,443 | |
Fulton Financial Corp. | 135,167 | 2,436 | |
* | Axos Financial Inc. | 43,947 | 2,406 |
Navient Corp. | 135,081 | 2,379 | |
FirstCash Holdings Inc. | 31,367 | 2,260 | |
Arbor Realty Trust Inc. | 122,402 | 2,203 | |
Piper Sandler Cos. | 14,874 | 2,201 | |
First Merchants Corp. | 48,503 | 2,122 | |
Investors Bancorp Inc. | 124,629 | 2,086 | |
Flagstar Bancorp Inc. | 44,364 | 2,022 | |
International Bancshares Corp. | 45,775 | 1,969 | |
Washington Federal Inc. | 55,224 | 1,965 | |
First Financial Bancorp | 78,901 | 1,939 | |
* | Marathon Digital Holdings Inc. | 76,449 | 1,938 |
* | Cannae Holdings Inc. | 72,023 | 1,934 |
WesBanco Inc. | 52,233 | 1,909 | |
Sandy Spring Bancorp Inc. | 38,098 | 1,794 | |
Banner Corp. | 29,058 | 1,790 | |
* | Texas Capital Bancshares Inc. | 26,871 | 1,790 |
Towne Bank | 57,176 | 1,783 | |
* | Genworth Financial Inc. Class A | 432,012 | 1,754 |
Heartland Financial USA Inc. | 34,338 | 1,704 | |
Renasant Corp. | 46,472 | 1,697 | |
Hope Bancorp Inc. | 98,597 | 1,672 | |
Trustmark Corp. | 52,933 | 1,667 | |
Park National Corp. | 12,272 | 1,645 | |
* | PRA Group Inc. | 36,844 | 1,644 |
Bank of NT Butterfield & Son Ltd. | 42,772 | 1,642 | |
* | Encore Capital Group Inc. | 24,851 | 1,640 |
Seacoast Banking Corp. of Florida | 44,540 | 1,632 | |
Hilltop Holdings Inc. | 52,725 | 1,630 | |
Eagle Bancorp Inc. | 26,923 | 1,613 | |
* | LendingClub Corp. | 84,499 | 1,570 |
Apollo Commercial Real Estate Finance Inc. | 119,489 | 1,559 | |
Lakeland Financial Corp. | 19,433 | 1,559 | |
* | NMI Holdings Inc. Class A | 67,006 | 1,551 |
Stewart Information Services Corp. | 22,732 | 1,543 |
Shares | Market Value• ($000) | ||
PennyMac Financial Services Inc. | 26,600 | 1,536 | |
Provident Financial Services Inc. | 64,618 | 1,533 | |
MFA Financial Inc. | 377,317 | 1,532 | |
Enterprise Financial Services Corp. | 30,201 | 1,493 | |
Two Harbors Investment Corp. | 293,377 | 1,484 | |
Horace Mann Educators Corp. | 35,558 | 1,479 | |
Northwest Bancshares Inc. | 104,201 | 1,467 | |
* | Customers Bancorp Inc. | 23,503 | 1,447 |
iStar Inc. | 57,289 | 1,439 | |
Veritex Holdings Inc. | 34,826 | 1,415 | |
NBT Bancorp Inc. | 35,947 | 1,379 | |
Westamerica BanCorp. | 22,213 | 1,318 | |
* | Bancorp Inc. | 44,848 | 1,314 |
First Bancorp (XNGS) | 29,244 | 1,312 | |
Berkshire Hills Bancorp Inc. | 41,716 | 1,297 | |
First Commonwealth Financial Corp. | 80,225 | 1,296 | |
* | Enova International Inc. | 31,028 | 1,265 |
BGC Partners Inc. Class A | 269,859 | 1,236 | |
Capitol Federal Financial Inc. | 110,877 | 1,211 | |
American National Group Inc. | 6,378 | 1,206 | |
OFG Bancorp | 41,867 | 1,180 | |
First Busey Corp. | 42,875 | 1,177 | |
Nelnet Inc. Class A | 14,498 | 1,168 | |
FB Financial Corp. | 25,853 | 1,149 | |
BancFirst Corp. | 14,671 | 1,146 | |
Moelis & Co. Class A | 23,728 | 1,144 | |
Argo Group International Holdings Ltd. | 27,032 | 1,140 | |
New York Mortgage Trust Inc. | 323,966 | 1,137 | |
Goosehead Insurance Inc. Class A | 12,976 | 1,129 | |
Brookline Bancorp Inc. | 65,565 | 1,124 | |
OceanFirst Financial Corp. | 49,845 | 1,116 | |
Ladder Capital Corp. Class A | 97,006 | 1,112 | |
Southside Bancshares Inc. | 26,600 | 1,109 | |
ProAssurance Corp. | 45,956 | 1,108 | |
National Bank Holdings Corp. Class A | 24,779 | 1,100 | |
Meta Financial Group Inc. | 19,116 | 1,059 | |
ConnectOne Bancorp Inc. | 31,852 | 1,051 | |
PennyMac Mortgage Investment Trust | 67,204 | 1,048 | |
S&T Bancorp Inc. | 33,222 | 1,033 | |
Safety Insurance Group Inc. | 12,367 | 1,032 | |
B Riley Financial Inc. | 17,258 | 1,028 | |
TriCo Bancshares | 23,531 | 1,021 | |
Redwood Trust Inc. | 98,099 | 1,019 | |
* | Nicolet Bankshares Inc. | 10,685 | 1,018 |
City Holding Co. | 12,751 | 1,016 | |
Dime Community Bancshares Inc. | 29,573 | 1,005 | |
* | StoneX Group Inc. | 13,116 | 990 |
Premier Financial Corp. | 31,675 | 971 | |
Federal Agricultural Mortgage Corp. Class C | 7,776 | 962 | |
Tompkins Financial Corp. | 12,064 | 954 | |
Broadmark Realty Capital Inc. | 109,836 | 951 | |
Lakeland Bancorp Inc. | 52,229 | 942 | |
Employers Holdings Inc. | 23,951 | 931 | |
Preferred Bank | 11,788 | 925 | |
Banc of California Inc. | 47,046 | 924 | |
First Foundation Inc. | 34,004 | 907 |
Shares | Market Value• ($000) | ||
Stock Yards Bancorp Inc. | 16,895 | 903 | |
HomeStreet Inc. | 17,046 | 877 | |
German American Bancorp Inc. | 21,179 | 842 | |
* | MoneyGram International Inc. | 76,741 | 824 |
* | TriState Capital Holdings Inc. | 24,792 | 823 |
Ellington Financial Inc. | 45,606 | 806 | |
* | Metropolitan Bank Holding Corp. | 7,830 | 801 |
Washington Trust Bancorp Inc. | 14,698 | 798 | |
State Auto Financial Corp. | 15,102 | 785 | |
Heritage Financial Corp. | 29,728 | 779 | |
AMERISAFE Inc. | 16,496 | 777 | |
Ready Capital Corp. | 50,503 | 750 | |
Amerant Bancorp Inc. | 22,820 | 741 | |
Horizon Bancorp Inc. | 36,877 | 740 | |
Origin Bancorp Inc. | 15,778 | 729 | |
Univest Financial Corp. | 24,817 | 719 | |
* | World Acceptance Corp. | 3,653 | 718 |
QCR Holdings Inc. | 12,803 | 715 | |
James River Group Holdings Ltd. | 26,731 | 711 | |
1st Source Corp. | 14,515 | 701 | |
Allegiance Bancshares Inc. | 16,341 | 700 | |
Hanmi Financial Corp. | 26,268 | 686 | |
Peoples Bancorp Inc. | 21,811 | 682 | |
Central Pacific Financial Corp. | 23,164 | 676 | |
Cowen Inc. Class A | 22,283 | 661 | |
Brightspire Capital Inc. Class A | 72,533 | 643 | |
KKR Real Estate Finance Trust Inc. | 29,854 | 641 | |
ServisFirst Bancshares Inc. | 7,108 | 621 | |
* | MBIA Inc. | 40,463 | 617 |
First Bancorp Inc. (XNMS) | 17,419 | 615 | |
ARMOUR Residential REIT Inc. | 75,299 | 612 | |
Camden National Corp. | 12,688 | 603 | |
HarborOne Bancorp Inc. | 40,618 | 601 | |
TPG RE Finance Trust Inc. | 50,684 | 600 | |
Heritage Commerce Corp. | 50,338 | 599 | |
Flushing Financial Corp. | 25,431 | 597 | |
Invesco Mortgage Capital Inc. | 272,931 | 595 | |
Northfield Bancorp Inc. | 37,179 | 584 | |
Byline Bancorp Inc. | 21,074 | 575 | |
First Mid Bancshares Inc. | 14,327 | 574 | |
Peapack-Gladstone Financial Corp. | 15,172 | 572 | |
Houlihan Lokey Inc. Class A | 5,539 | 570 | |
Community Trust Bancorp Inc. | 13,436 | 568 | |
* | SiriusPoint Ltd. | 75,577 | 559 |
TrustCo Bank Corp. NY | 16,272 | 556 | |
* | Atlantic Capital Bancshares Inc. | 16,605 | 537 |
Great Southern Bancorp Inc. | 8,710 | 535 | |
Midland States Bancorp Inc. | 18,188 | 534 | |
Kearny Financial Corp. | 40,132 | 530 | |
Cambridge Bancorp | 5,881 | 518 | |
* | Blucora Inc. | 25,853 | 514 |
Granite Point Mortgage Trust Inc. | 45,290 | 508 | |
Diamond Hill Investment Group Inc. | 2,571 | 498 | |
* | Ambac Financial Group Inc. | 38,449 | 493 |
Shares | Market Value• ($000) | ||
United Fire Group Inc. | 17,727 | 489 | |
Mercantile Bank Corp. | 13,071 | 482 | |
National Western Life Group Inc. Class A | 2,241 | 478 | |
Bank of Marin Bancorp | 13,357 | 472 | |
Dynex Capital Inc. | 30,636 | 471 | |
CBTX Inc. | 15,534 | 467 | |
First Financial Corp. | 9,966 | 464 | |
Farmers National Banc Corp. | 26,773 | 461 | |
* | Columbia Financial Inc. | 21,499 | 457 |
Financial Institutions Inc. | 13,546 | 433 | |
Hingham Institution for Savings | 1,197 | 431 | |
Business First Bancshares Inc. | 16,233 | 425 | |
First of Long Island Corp. | 19,335 | 421 | |
Franklin BSP Realty Trust Inc. REIT | 31,618 | 417 | |
Independent Bank Corp. | 17,493 | 416 | |
First Community Bankshares Inc. | 14,143 | 415 | |
Banco Latinoamericano de Comercio Exterior SA Class E | 26,231 | 405 | |
Arrow Financial Corp. | 11,643 | 400 | |
Bank First Corp. | 5,602 | 395 | |
Capstar Financial Holdings Inc. | 17,934 | 384 | |
First Internet Bancorp | 7,843 | 383 | |
HomeTrust Bancshares Inc. | 12,733 | 383 | |
1 | Orchid Island Capital Inc. | 114,773 | 378 |
MidWestOne Financial Group Inc. | 12,122 | 366 | |
Alerus Financial Corp. | 12,708 | 365 | |
* | Carter Bankshares Inc. | 21,927 | 365 |
* | Assetmark Financial Holdings Inc. | 15,504 | 364 |
First Financial Bankshares Inc. | 7,577 | 363 | |
Republic Bancorp Inc. Class A | 7,915 | 363 | |
Merchants Bancorp | 12,445 | 360 | |
Equity Bancshares Inc. Class A | 11,404 | 359 | |
Bar Harbor Bankshares | 12,462 | 358 | |
CNB Financial Corp. | 13,558 | 355 | |
Southern Missouri Bancorp Inc. | 6,489 | 348 | |
American National Bankshares Inc. | 8,894 | 343 | |
Oppenheimer Holdings Inc. Class A | 7,787 | 336 | |
Mid Penn Bancorp Inc. | 11,956 | 335 | |
Old Second Bancorp Inc. | 23,411 | 333 | |
Waterstone Financial Inc. | 17,038 | 333 | |
MVB Financial Corp. | 8,596 | 331 | |
Citizens & Northern Corp. | 13,101 | 325 | |
* | CrossFirst Bankshares Inc. | 20,355 | 320 |
Capital City Bank Group Inc. | 11,357 | 319 | |
West BanCorp. Inc. | 11,038 | 319 | |
Sierra Bancorp | 11,841 | 318 | |
Spirit of Texas Bancshares Inc. | 11,108 | 317 | |
Enterprise Bancorp Inc. | 7,814 | 315 | |
* | Blue Foundry Bancorp | 22,685 | 315 |
Civista Bancshares Inc. | 12,618 | 308 | |
SmartFinancial Inc. | 11,680 | 305 | |
HCI Group Inc. | 4,777 | 297 |
Shares | Market Value• ($000) | ||
* | Oportun Financial Corp. | 18,090 | 296 |
Metrocity Bankshares Inc. | 12,105 | 294 | |
Primis Financial Corp. | 20,298 | 290 | |
Peoples Financial Services Corp. | 5,923 | 283 | |
Universal Insurance Holdings Inc. | 22,875 | 264 | |
Summit Financial Group Inc. | 9,602 | 262 | |
First Bancorp Inc. (XNGS) | 8,747 | 261 | |
Enact Holdings Inc. | 12,490 | 260 | |
RLI Corp. | 2,548 | 259 | |
RBB Bancorp | 10,615 | 256 | |
Tiptree Inc. | 19,883 | 254 | |
Home Bancorp Inc. | 6,413 | 251 | |
* | EZCorp. Inc. Class A | 41,584 | 249 |
South Plains Financial Inc. | 8,910 | 247 | |
* | Southern First Bancshares Inc. | 4,257 | 243 |
Sculptor Capital Management Inc. Class A | 18,631 | 239 | |
Blue Ridge Bankshares Inc. | 14,611 | 235 | |
Guaranty Bancshares Inc. | 6,687 | 234 | |
* | Bridgewater Bancshares Inc. | 13,794 | 232 |
* | eHealth Inc. | 14,666 | 228 |
Northrim BanCorp Inc. | 5,078 | 227 | |
Orrstown Financial Services Inc. | 9,212 | 225 | |
Great Ajax Corp. | 19,309 | 220 | |
Macatawa Bank Corp. | 23,608 | 217 | |
AFC Gamma Inc. | 10,706 | 211 | |
Provident Bancorp Inc. | 12,811 | 210 | |
PCSB Financial Corp. | 10,955 | 204 | |
PJT Partners Inc. Class A | 3,187 | 203 | |
Amalgamated Financial Corp. | 11,773 | 202 | |
Regional Management Corp. | 3,882 | 199 | |
Five Star Bancorp | 6,544 | 199 | |
* | Ocwen Financial Corp. | 6,899 | 198 |
FS Bancorp Inc. | 6,133 | 196 | |
Red River Bancshares Inc. | 3,805 | 195 | |
* | Republic First Bancorp Inc. | 37,438 | 194 |
First Bank | 13,198 | 192 | |
* | Citizens Inc. Class A | 41,801 | 178 |
Investors Title Co. | 931 | 178 | |
WisdomTree Investments Inc. | 31,293 | 176 | |
Donegal Group Inc. Class A | 12,479 | 170 | |
HBT Financial Inc. | 8,733 | 167 | |
Fidelity D&D Bancorp Inc. | 3,364 | 166 | |
* | Greenlight Capital Re Ltd. Class A | 22,747 | 164 |
Capital Bancorp Inc. | 6,495 | 161 | |
Luther Burbank Corp. | 12,312 | 159 | |
* | Maiden Holdings Ltd. | 58,908 | 144 |
* | Triumph Bancorp Inc. | 1,318 | 132 |
* | NI Holdings Inc. | 7,156 | 128 |
* | Coastal Financial Corp. | 2,510 | 119 |
* | Pioneer Bancorp Inc. | 10,392 | 110 |
Crawford & Co. Class A | 14,094 | 109 | |
Heritage Insurance Holdings Inc. | 19,586 | 109 | |
* | Trean Insurance Group Inc. | 14,764 | 105 |
* | MetroMile Inc. | 81,087 | 104 |
Angel Oak Mortgage Inc. | 6,082 | 99 | |
* | Velocity Financial LLC | 7,439 | 95 |
* | Third Coast Bancshares Inc. | 2,772 | 65 |
United Insurance Holdings Corp. | 16,979 | 62 |
Shares | Market Value• ($000) | ||
Associated Capital Group Inc. Class A | 1,405 | 55 | |
* | Finance of America Cos. Inc. Class A | 15,395 | 50 |
GCM Grosvenor Inc. Class A | 3,948 | 39 | |
Home Point Capital Inc. | 6,360 | 21 | |
GAMCO Investors Inc. Class A | 490 | 11 | |
* | TPG Inc. | 367 | 11 |
* | P10 Inc. Class A | 561 | 7 |
Value Line Inc. | 44 | 3 | |
* | Clearwater Analytics Holdings Inc. Class A | 111 | 2 |
* | USCB Financial Holdings Inc. | 122 | 2 |
321,080 | |||
Health Care (8.9%) | |||
* | Tenet Healthcare Corp. | 79,862 | 6,867 |
* | Arena Pharmaceuticals Inc. | 47,576 | 4,518 |
* | Option Care Health Inc. | 135,508 | 3,483 |
* | Prestige Consumer Healthcare Inc. | 42,829 | 2,550 |
* | Integer Holdings Corp. | 28,091 | 2,356 |
* | Lantheus Holdings Inc. | 49,067 | 2,346 |
* | BioCryst Pharmaceuticals Inc. | 137,549 | 2,285 |
* | Biohaven Pharmaceutical Holding Co. Ltd. | 15,614 | 1,854 |
* | Emergent BioSolutions Inc. | 41,676 | 1,725 |
* | Myriad Genetics Inc. | 67,737 | 1,651 |
Patterson Cos. Inc. | 54,534 | 1,631 | |
* | Veracyte Inc. | 58,178 | 1,617 |
* | Avanos Medical Inc. | 41,483 | 1,468 |
* | Agios Pharmaceuticals Inc. | 46,998 | 1,463 |
* | Evolent Health Inc. Class A | 54,361 | 1,449 |
* | Arcus Biosciences Inc. | 38,403 | 1,429 |
* | Invitae Corp. | 127,332 | 1,374 |
* | Supernus Pharmaceuticals Inc. | 41,900 | 1,339 |
* | ChemoCentryx Inc. | 42,948 | 1,303 |
* | Travere Thrapeutics Inc. | 47,092 | 1,284 |
* | IVERIC bio Inc. | 78,441 | 1,258 |
* | Zogenix Inc. | 47,607 | 1,250 |
* | Ligand Pharmaceuticals Inc. | 11,332 | 1,147 |
* | Turning Point Therapeutics Inc. | 35,460 | 1,123 |
* | Pacific Biosciences of California Inc. | 91,126 | 1,086 |
* | Brookdale Senior Living Inc. | 156,988 | 1,080 |
* | OPKO Health Inc. | 341,001 | 1,067 |
* | AdaptHealth Corp. Class A | 61,202 | 1,067 |
* | Enanta Pharmaceuticals Inc. | 14,891 | 1,049 |
* | Multiplan Corp. | 274,556 | 1,032 |
* | Fulgent Genetics Inc. | 15,647 | 975 |
* | Prometheus Biosciences Inc. | 22,347 | 973 |
* | NextGen Healthcare Inc. | 48,566 | 949 |
* | Atara Biotherapeutics Inc. | 68,218 | 877 |
* | Kura Oncology Inc. | 53,811 | 854 |
* | ModivCare Inc. | 7,042 | 831 |
* | Meridian Bioscience Inc. | 32,484 | 822 |
* | REVOLUTION Medicines Inc. | 43,104 | 816 |
* | Natus Medical Inc. | 29,053 | 808 |
* | Haemonetics Corp. | 13,767 | 794 |
* | AngioDynamics Inc. | 31,733 | 747 |
* | MEDNAX Inc. | 30,651 | 719 |
National HealthCare Corp. | 10,798 | 702 | |
* | LivaNova plc | 8,787 | 693 |
* | American Well Corp. Class A | 160,406 | 679 |
Shares | Market Value• ($000) | ||
* | Varex Imaging Corp. | 28,062 | 663 |
* | Addus HomeCare Corp. | 7,667 | 652 |
* | Catalyst Pharmaceuticals Inc. | 81,844 | 638 |
* | Innoviva Inc. | 32,454 | 623 |
* | Krystal Biotech Inc. | 9,720 | 618 |
* | iTeos Therapeutics Inc. | 17,039 | 616 |
* | Amphastar Pharmaceuticals Inc. | 22,134 | 613 |
* | Endo International plc | 193,580 | 602 |
*,1 | Inovio Pharmaceuticals Inc. | 174,438 | 565 |
* | Vaxcyte Inc. | 24,323 | 564 |
* | Orthofix Medical Inc. | 15,956 | 542 |
* | Vanda Pharmaceuticals Inc. | 46,216 | 525 |
* | AnaptysBio Inc. | 16,270 | 497 |
* | MannKind Corp. | 187,092 | 490 |
Healthcare Services Group Inc. | 30,052 | 475 | |
* | Gossamer Bio Inc. | 52,366 | 473 |
* | OraSure Technologies Inc. | 60,394 | 471 |
Owens & Minor Inc. | 10,665 | 471 | |
* | Syndax Pharmaceuticals Inc. | 28,637 | 446 |
* | Avidity Biosciences Inc. | 26,257 | 445 |
* | Kezar Life Sciences Inc. | 29,583 | 439 |
* | HealthStream Inc. | 21,316 | 437 |
* | ImmunoGen Inc. | 77,291 | 436 |
* | Arcturus Therapeutics Holdings Inc. | 17,808 | 427 |
* | Chinook Therapeutics Inc. | 32,952 | 420 |
* | REGENXBIO Inc. | 15,908 | 417 |
* | Tivity Health Inc. | 15,231 | 416 |
* | Anika Therapeutics Inc. | 12,549 | 408 |
* | Cara Therapeutics Inc. | 37,472 | 389 |
* | UFP Technologies Inc. | 5,469 | 378 |
* | Arcutis Biotherapeutics Inc. | 20,977 | 373 |
* | Computer Programs and Systems Inc. | 11,870 | 365 |
* | NGM Biopharmaceuticals Inc. | 24,046 | 357 |
*,1 | ImmunityBio Inc. | 51,252 | 351 |
*,1 | Recursion Pharmaceuticals Inc. Class A | 31,970 | 350 |
* | Bluebird Bio Inc. | 56,957 | 344 |
* | ANI Pharmaceuticals Inc. | 9,197 | 344 |
* | Praxis Precision Medicines Inc. | 25,890 | 339 |
* | MeiraGTx Holdings plc | 23,509 | 337 |
* | Seer Inc. Class A | 21,537 | 330 |
* | Personalis Inc. | 31,324 | 329 |
* | Apria Inc. | 8,600 | 321 |
* | Atea Pharmaceuticals Inc. | 49,524 | 314 |
* | Allogene Therapeutics Inc. | 34,218 | 313 |
* | Merit Medical Systems Inc. | 4,761 | 310 |
* | Sutro Biopharma Inc. | 34,055 | 304 |
* | Cullinan Oncology Inc. | 20,402 | 293 |
* | Provention Bio Inc. | 46,490 | 291 |
* | 4D Molecular Therapeutics Inc. | 21,162 | 290 |
* | Rhythm Pharmaceuticals Inc. | 37,135 | 283 |
* | 2seventy bio Inc. | 19,021 | 282 |
* | Forma Therapeutics Holdings Inc. | 28,502 | 281 |
* | Geron Corp. (XNGS) | 255,419 | 278 |
* | Ideaya Biosciences Inc. | 21,005 | 277 |
* | Instil Bio Inc. | 24,378 | 262 |
* | Fulcrum Therapeutics Inc. | 23,295 | 256 |
* | Altimmune Inc. | 33,736 | 250 |
* | Athira Pharma Inc. | 27,225 | 249 |
Shares | Market Value• ($000) | ||
* | Celldex Therapeutics Inc. | 8,274 | 247 |
* | Eagle Pharmaceuticals Inc. | 5,205 | 247 |
* | Prothena Corp. plc | 7,065 | 244 |
* | MaxCyte Inc. | 33,864 | 236 |
Utah Medical Products Inc. | 2,569 | 231 | |
* | Adicet Bio Inc. | 17,689 | 231 |
* | Bridgebio Pharma Inc. | 29,453 | 230 |
* | Viking Therapeutics Inc. | 65,325 | 219 |
* | Kronos Bio Inc. | 28,790 | 217 |
* | Dyne Therapeutics Inc. | 25,170 | 216 |
* | Fluidigm Corp. | 57,748 | 213 |
* | Jounce Therapeutics Inc. | 27,639 | 206 |
* | Arbutus Biopharma Corp. | 62,939 | 201 |
* | Neogen Corp. | 5,554 | 198 |
* | Blueprint Medicines Corp. | 3,194 | 193 |
* | Akebia Therapeutics Inc. | 87,142 | 188 |
* | Immunic Inc. | 16,092 | 187 |
* | Cymabay Therapeutics Inc. | 58,136 | 185 |
* | Gritstone bio Inc. | 35,956 | 183 |
* | Verve Therapeutics Inc. | 5,567 | 182 |
* | ORIC Pharmaceuticals Inc. | 22,908 | 178 |
* | EyePoint Pharmaceuticals Inc. | 17,718 | 176 |
* | Cytokinetics Inc. | 4,790 | 169 |
* | SeaSpine Holdings Corp. | 13,150 | 167 |
* | Kinnate Biopharma Inc. | 20,526 | 160 |
* | MiMedx Group Inc. | 30,919 | 156 |
* | Relay Therapeutics Inc. | 6,436 | 155 |
* | Lineage Cell Therapeutics Inc. | 106,395 | 150 |
* | Citius Pharmaceuticals Inc. | 95,175 | 147 |
* | Selecta Biosciences Inc. | 78,732 | 146 |
* | G1 Therapeutics Inc. | 13,519 | 143 |
* | Community Health Systems Inc. | 13,536 | 142 |
* | CorMedix Inc. | 28,769 | 140 |
* | LifeStance Health Group Inc. | 14,483 | 137 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 13,233 | 136 |
* | Foghorn Therapeutics Inc. | 14,067 | 135 |
* | Cogent Biosciences Inc. | 22,273 | 132 |
* | Vor BioPharma Inc. | 14,613 | 132 |
* | Ikena Oncology Inc. | 21,538 | 132 |
* | Design Therapeutics Inc. | 9,396 | 128 |
* | Annexon Inc. | 26,142 | 127 |
XBiotech Inc. | 12,687 | 125 | |
* | Homology Medicines Inc. | 35,144 | 123 |
* | Replimune Group Inc. | 7,671 | 123 |
* | Albireo Pharma Inc. | 3,340 | 111 |
* | Atossa Therapeutics Inc. | 91,050 | 111 |
* | Crinetics Pharmaceuticals Inc. | 5,486 | 110 |
* | NanoString Technologies Inc. | 3,041 | 108 |
* | Eiger BioPharmaceuticals Inc. | 26,845 | 107 |
* | Akouos Inc. | 20,125 | 107 |
* | Nkarta Inc. | 11,823 | 107 |
* | Nuvation Bio Inc. | 21,204 | 107 |
* | Surface Oncology Inc. | 29,505 | 106 |
* | Asensus Surgical Inc. | 135,669 | 104 |
* | XOMA Corp. | 4,690 | 103 |
* | Passage Bio Inc. | 31,086 | 103 |
* | SQZ Biotechnologies Co. | 19,076 | 101 |
* | Akero Therapeutics Inc. | 5,642 | 100 |
* | Reata Pharmaceuticals Inc. Class A | 3,013 | 99 |
* | Chimerix Inc. | 17,306 | 98 |
Shares | Market Value• ($000) | ||
* | Adverum Biotechnologies Inc. | 72,724 | 97 |
* | Viemed Healthcare Inc. | 24,943 | 96 |
* | Aeglea BioTherapeutics Inc. | 33,880 | 94 |
*,1 | Erasca Inc. | 7,341 | 91 |
* | DICE Therapeutics Inc. | 4,924 | 91 |
* | Oyster Point Pharma Inc. | 8,810 | 88 |
* | Poseida Therapeutics Inc. | 24,120 | 88 |
* | FibroGen Inc. | 6,211 | 87 |
* | Cardiff Oncology Inc. | 31,910 | 86 |
* | Bioventus Inc. Class A | 6,647 | 86 |
* | DarioHealth Corp. | 11,294 | 82 |
* | Icosavax Inc. | 4,700 | 82 |
* | Vera Therapeutics Inc. | 3,489 | 81 |
* | Janux Therapeutics Inc. | 4,619 | 80 |
* | Imago Biosciences Inc. | 3,413 | 80 |
* | Mersana Therapeutics Inc. | 17,659 | 78 |
* | Frequency Therapeutics Inc. | 26,815 | 76 |
* | KemPharm Inc. | 12,774 | 76 |
* | Artivion Inc. | 3,794 | 74 |
* | Silverback Therapeutics Inc. | 17,202 | 74 |
* | Caribou Biosciences Inc. | 7,424 | 74 |
* | Lexicon Pharmaceuticals Inc. | 35,042 | 73 |
* | Immunovant Inc. | 13,091 | 73 |
* | TCR2 Therapeutics Inc. | 25,960 | 70 |
* | Inozyme Pharma Inc. | 12,144 | 70 |
* | Tonix Pharmaceuticals Holding Corp. | 380,428 | 70 |
* | Oncternal Therapeutics Inc. | 37,091 | 68 |
* | Bolt Biotherapeutics Inc. | 19,174 | 67 |
* | Sorrento Therapeutics Inc. | 25,853 | 65 |
* | Viracta Therapeutics Inc. | 23,787 | 65 |
* | Scholar Rock Holding Corp. | 3,702 | 64 |
* | Castle Biosciences Inc. | 1,451 | 63 |
* | Sensei Biotherapeutics Inc. | 17,540 | 63 |
*,1 | Monte Rosa Therapeutics Inc. | 4,228 | 61 |
* | Avid Bioservices Inc. | 2,925 | 60 |
* | Deciphera Pharmaceuticals Inc. | 7,721 | 60 |
* | Sangamo Therapeutics Inc. | 10,259 | 60 |
* | Black Diamond Therapeutics Inc. | 19,100 | 60 |
* | Lyell Immunopharma Inc. | 8,231 | 60 |
* | Invacare Corp. | 28,173 | 58 |
* | Mirum Pharmaceuticals Inc. | 2,447 | 58 |
* | Neoleukin Therapeutics Inc. | 22,620 | 58 |
* | iBio Inc. | 180,973 | 58 |
* | Century Therapeutics Inc. | 4,144 | 58 |
* | Tenaya Therapeutics Inc. | 4,922 | 57 |
* | Nuvalent Inc. Class A | 3,667 | 55 |
* | Olema Pharmaceuticals Inc. | 11,536 | 54 |
* | Werewolf Therapeutics Inc. | 7,386 | 53 |
* | Alphatec Holdings Inc. | 4,756 | 52 |
* | Mustang Bio Inc. | 60,007 | 52 |
* | Day One Biopharmaceuticals Inc. | 3,835 | 52 |
* | Graphite Bio Inc. | 5,685 | 52 |
* | Tyra Biosciences Inc. | 4,201 | 50 |
* | Adagio Therapeutics Inc. | 7,315 | 49 |
* | Exagen Inc. | 6,193 | 47 |
* | Vaxart Inc. | 9,322 | 47 |
* | Finch Therapeutics Group Inc. | 5,594 | 47 |
* | Avrobio Inc. | 31,572 | 46 |
* | VBI Vaccines Inc. | 30,430 | 45 |
* | Bright Health Group Inc. | 13,177 | 44 |
* | Absci Corp. | 4,743 | 44 |
Shares | Market Value• ($000) | ||
*,1 | Cue Health Inc. | 5,173 | 43 |
* | Ventyx Biosciences Inc. | 3,704 | 43 |
*,1 | Trevena Inc. | 90,725 | 42 |
* | Theravance Biopharma Inc. | 4,202 | 42 |
* | Talaris Therapeutics Inc. | 5,971 | 42 |
* | Solid Biosciences Inc. | 50,266 | 41 |
* | Alpha Teknova Inc. | 2,431 | 41 |
* | Theseus Pharmaceuticals Inc. | 4,077 | 41 |
* | Atreca Inc. Class A | 21,775 | 39 |
* | Entrada Therapeutics Inc. | 3,241 | 39 |
* | 89bio Inc. | 8,173 | 38 |
* | Nurix Therapeutics Inc. | 2,336 | 38 |
* | MacroGenics Inc. | 3,951 | 37 |
* | SOC Telemed Inc. Class A | 12,515 | 37 |
* | VistaGen Therapeutics Inc. | 26,126 | 37 |
* | Oncorus Inc. | 17,126 | 36 |
* | Aerovate Therapeutics Inc. | 3,587 | 35 |
* | Aura Biosciences Inc. | 1,938 | 35 |
* | Singular Genomics Systems Inc. | 4,190 | 34 |
* | Portage Biotech Inc. | 4,191 | 33 |
* | Cytek Biosciences Inc. | 2,391 | 33 |
* | Syros Pharmaceuticals Inc. | 24,895 | 32 |
* | Xilio Therapeutics Inc. | 2,719 | 32 |
* | Curis Inc. | 9,359 | 31 |
* | CytomX Therapeutics Inc. | 8,111 | 31 |
* | Omega Therapeutics Inc. | 2,629 | 31 |
* | Rallybio Corp. | 2,804 | 31 |
*,1 | PROCEPT BioRobotics Corp. | 1,143 | 29 |
* | Spero Therapeutics Inc. | 2,875 | 28 |
* | Tarsus Pharmaceuticals Inc. | 1,598 | 28 |
* | Codex DNA Inc. | 2,752 | 28 |
* | Sight Sciences Inc. | 1,606 | 28 |
* | Paragon 28 Inc. | 1,691 | 28 |
* | UroGen Pharma Ltd. | 4,485 | 27 |
* | Rain Therapeutics Inc. | 4,484 | 27 |
* | AirSculpt Technologies Inc. | 1,987 | 27 |
* | Sana Biotechnology Inc. | 3,872 | 25 |
* | Talis Biomedical Corp. | 12,089 | 25 |
* | Athenex Inc. | 29,860 | 24 |
* | Convey Health Solutions Holdings Inc. | 4,156 | 24 |
* | Harvard Bioscience Inc. | 4,230 | 23 |
* | Precigen Inc. | 10,182 | 23 |
* | Pyxis Oncology Inc. | 3,800 | 23 |
* | Oncocyte Corp. | 15,324 | 22 |
* | Immuneering Corp. Class A | 2,954 | 22 |
* | Eliem Therapeutics Inc. | 2,386 | 22 |
* | Athersys Inc. | 23,624 | 21 |
* | Taysha Gene Therapies Inc. | 3,220 | 21 |
* | Gemini Therapeutics Inc. | 15,433 | 21 |
* | Rapid Micro Biosystems Inc. Class A | 2,937 | 21 |
* | Acumen Pharmaceuticals Inc. | 3,515 | 21 |
* | Shattuck Labs Inc. | 4,013 | 20 |
* | Clene Inc. | 6,313 | 20 |
* | IsoPlexis Corp. | 4,083 | 20 |
* | RxSight Inc. | 1,388 | 19 |
* | Sientra Inc. | 6,045 | 17 |
* | Spruce Biosciences Inc. | 7,292 | 17 |
* | Cyteir Therapeutics Inc. | 2,937 | 17 |
* | Sigilon Therapeutics Inc. | 10,981 | 16 |
* | Doximity Inc. Class A | 260 | 16 |
* | CVRx Inc. | 1,796 | 16 |
* | Ardelyx Inc. | 19,227 | 15 |
Shares | Market Value• ($000) | ||
* | CEL–SCI Corp. | 2,611 | 15 |
*,1 | Hookipa Pharma Inc. | 6,350 | 15 |
* | Pliant Therapeutics Inc. | 1,683 | 15 |
* | Reneo Pharmaceuticals Inc. | 2,808 | 14 |
* | Terns Pharmaceuticals Inc. | 3,960 | 13 |
* | Magenta Therapeutics Inc. | 3,892 | 12 |
* | Generation Bio Co. | 2,275 | 12 |
* | Cincor Pharma Inc. | 523 | 12 |
* | NexImmune Inc. | 4,475 | 11 |
*,1 | Impel Neuropharma Inc. | 1,474 | 11 |
* | Thorne HealthTech Inc. | 2,427 | 11 |
* | Forian Inc. | 1,385 | 10 |
* | Lucid Diagnostics Inc. | 2,640 | 10 |
* | Kala Pharmaceuticals Inc. | 13,479 | 9 |
* | Sera Prognostics Inc. Class A | 1,749 | 9 |
* | Amylyx Pharmaceuticals Inc. | 286 | 9 |
* | NantHealth Inc. | 9,769 | 8 |
* | Infinity Pharmaceuticals Inc. | 7,665 | 8 |
* | Neuronetics Inc. | 2,180 | 7 |
* | Applied Therapeutics Inc. | 3,668 | 7 |
* | Brooklyn ImmunoTherapeutics Inc. | 3,111 | 7 |
* | Vigil Neuroscience Inc. | 411 | 7 |
* | Arcellx Inc. | 281 | 5 |
* | Warby Parker Inc. Class A | 111 | 3 |
* | In8bio Inc. | 448 | 2 |
* | TScan Therapeutics Inc. | 395 | 2 |
* | Avalo Therapeutics Inc. | 2,511 | 2 |
* | Minerva Surgical Inc. | 310 | 2 |
* | MiNK Therapeutics Inc. | 682 | 2 |
* | Kaleido Biosciences Inc. | 867 | 1 |
* | Elevation Oncology Inc. | 189 | 1 |
* | Candel Therapeutics Inc. | 334 | 1 |
* | Definitive Healthcare Corp. Class A | ��46 | 1 |
* | Sonendo Inc. | 281 | 1 |
*,1 | Vaxxinity Inc. Class A | 223 | 1 |
*,2 | PDL BioPharma Inc. | 270 | — |
106,714 | |||
Industrials (14.2%) | |||
EMCOR Group Inc. | 40,947 | 4,731 | |
Matson Inc. | 35,432 | 3,925 | |
* | WESCO International Inc. | 31,309 | 3,811 |
Triton International Ltd. | 56,822 | 3,732 | |
* | API Group Corp. | 171,750 | 3,705 |
GATX Corp. | 30,098 | 3,209 | |
* | Summit Materials Inc. Class A | 101,458 | 3,167 |
Korn Ferry | 46,135 | 3,057 | |
* | Resideo Technologies Inc. | 108,627 | 2,796 |
SPX FLOW Inc. | 32,556 | 2,796 | |
* | Fluor Corp. | 120,819 | 2,617 |
ABM Industries Inc. | 57,322 | 2,570 | |
HB Fuller Co. | 36,506 | 2,496 | |
* | Hub Group Inc. Class A | 28,188 | 2,379 |
EnerSys | 32,642 | 2,374 | |
Altra Industrial Motion Corp. | 55,178 | 2,343 | |
UniFirst Corp. | 12,886 | 2,336 | |
Kennametal Inc. | 71,087 | 2,254 | |
Otter Tail Corp. | 34,973 | 2,163 | |
Belden Inc. | 37,693 | 2,124 | |
Moog Inc. Class A | 24,684 | 2,051 | |
Werner Enterprises Inc. | 46,298 | 2,012 | |
Maxar Technologies Inc. | 61,828 | 2,006 | |
ArcBest Corp. | 21,566 | 1,999 | |
* | GMS Inc. | 36,494 | 1,980 |
Encore Wire Corp. | 16,795 | 1,955 |
Shares | Market Value• ($000) | ||
ManTech International Corp. Class A | 23,343 | 1,946 | |
EnPro Industries Inc. | 17,576 | 1,941 | |
* | Atlas Air Worldwide Holdings Inc. | 24,500 | 1,920 |
Trinity Industries Inc. | 65,804 | 1,899 | |
Barnes Group Inc. | 40,272 | 1,871 | |
Brady Corp. Class A | 40,120 | 1,849 | |
Albany International Corp. Class A | 20,926 | 1,838 | |
* | Chart Industries Inc. | 12,409 | 1,792 |
* | Kratos Defense & Security Solutions Inc. | 81,136 | 1,697 |
* | CBIZ Inc. | 41,611 | 1,619 |
* | Air Transport Services Group Inc. | 50,388 | 1,588 |
Mueller Water Products Inc. Class A | 125,048 | 1,587 | |
Zurn Water Solutions Corp. | 48,746 | 1,585 | |
Watts Water Technologies Inc. Class A | 10,334 | 1,488 | |
ICF International Inc. | 15,793 | 1,400 | |
ESCO Technologies Inc. | 19,962 | 1,389 | |
* | Triumph Group Inc. | 54,383 | 1,362 |
Hillenbrand Inc. | 28,056 | 1,339 | |
* | AAR Corp. | 29,329 | 1,318 |
* | Veritiv Corp. | 12,269 | 1,315 |
Textainer Group Holdings Ltd. | 34,819 | 1,236 | |
Greenbrier Cos. Inc. | 27,293 | 1,213 | |
Primoris Services Corp. | 45,624 | 1,203 | |
TriMas Corp. | 36,937 | 1,201 | |
Granite Construction Inc. | 39,127 | 1,184 | |
* | Green Dot Corp. Class A | 40,962 | 1,174 |
* | Proto Labs Inc. | 20,056 | 1,128 |
Deluxe Corp. | 35,968 | 1,119 | |
Greif Inc. Class A | 19,434 | 1,117 | |
* | JELD-WEN Holding Inc. | 47,793 | 1,103 |
Columbus McKinnon Corp. | 24,099 | 1,100 | |
* | Allegheny Technologies Inc. | 42,446 | 1,093 |
Standex International Corp. | 10,253 | 1,086 | |
Mesa Laboratories Inc. | 4,248 | 1,085 | |
AZZ Inc. | 21,443 | 1,056 | |
SFL Corp. Ltd. | 106,146 | 1,056 | |
* | OSI Systems Inc. | 13,058 | 1,053 |
Kaman Corp. | 23,423 | 1,017 | |
1 | Frontline Ltd. | 102,714 | 966 |
* | Gibraltar Industries Inc. | 19,964 | 965 |
Astec Industries Inc. | 19,367 | 964 | |
Apogee Enterprises Inc. | 21,316 | 961 | |
* | CoreCivic Inc. | 102,546 | 934 |
Griffon Corp. | 39,778 | 917 | |
* | NV5 Global Inc. | 8,491 | 911 |
Marten Transport Ltd. | 50,925 | 878 | |
* | Huron Consulting Group Inc. | 16,620 | 820 |
* | TrueBlue Inc. | 29,689 | 807 |
* | Great Lakes Dredge & Dock Corp. | 55,485 | 783 |
* | American Woodmark Corp. | 14,178 | 760 |
DHT Holdings Inc. | 119,878 | 754 | |
* | Donnelley Financial Solutions Inc. | 23,393 | 751 |
Scorpio Tankers Inc. | 41,938 | 729 | |
International Seaways Inc. | 39,204 | 717 | |
* | Beacon Roofing Supply Inc. | 11,839 | 707 |
* | Repay Holdings Corp. Class A | 40,942 | 707 |
* | Conduent Inc. | 144,043 | 701 |
Shares | Market Value• ($000) | ||
Wabash National Corp. | 39,452 | 672 | |
Quanex Building Products Corp. | 28,270 | 646 | |
Kelly Services Inc. Class A | 30,241 | 642 | |
* | Ranpak Holdings Corp. Class A | 26,357 | 638 |
Costamare Inc. | 44,659 | 603 | |
Gorman-Rupp Co. | 15,977 | 595 | |
* | Cross Country Healthcare Inc. | 26,394 | 589 |
Heartland Express Inc. | 40,160 | 577 | |
* | Sterling Construction Co. Inc. | 18,822 | 556 |
* | PGT Innovations Inc. | 25,649 | 552 |
Genco Shipping & Trading Ltd. | 27,769 | 535 | |
Insteel Industries Inc. | 14,378 | 534 | |
McGrath RentCorp. | 6,500 | 528 | |
* | ASGN Inc. | 4,610 | 511 |
* | Advantage Solutions Inc. | 64,405 | 507 |
Argan Inc. | 12,896 | 501 | |
Aerojet Rocketdyne Holdings Inc. | 12,882 | 499 | |
* | Manitowoc Co. Inc. | 28,959 | 479 |
* | Thermon Group Holdings Inc. | 27,773 | 475 |
* | BrightView Holdings Inc. | 34,551 | 467 |
* | Titan Machinery Inc. | 16,338 | 463 |
* | Ducommun Inc. | 9,155 | 462 |
Resources Connection Inc. | 26,857 | 446 | |
* | Vectrus Inc. | 9,728 | 446 |
Chase Corp. | 4,767 | 438 | |
VSE Corp. | 8,924 | 425 | |
* | DXP Enterprises Inc. | 14,669 | 421 |
* | FARO Technologies Inc. | 7,678 | 420 |
Ennis Inc. | 22,136 | 416 | |
* | Vivint Smart Home Inc. | 56,738 | 408 |
* | Titan International Inc. | 36,296 | 406 |
* | Dycom Industries Inc. | 4,625 | 403 |
Heidrick & Struggles International Inc. | 9,295 | 397 | |
Eagle Bulk Shipping Inc. | 7,539 | 397 | |
Cass Information Systems Inc. | 9,872 | 391 | |
* | Modine Manufacturing Co. | 38,583 | 390 |
*,1 | Ideanomics Inc. | 370,845 | 389 |
Barrett Business Services Inc. | 6,308 | 379 | |
* | Yellow Corp. | 40,113 | 361 |
* | Tutor Perini Corp. | 35,894 | 352 |
Pactiv Evergreen Inc. | 36,311 | 349 | |
* | Hyliion Holdings Corp. | 79,729 | 344 |
Nordic American Tankers Ltd. | 141,536 | 342 | |
National Presto Industries Inc. | 4,286 | 341 | |
* | Astronics Corp. | 22,448 | 330 |
* | Vishay Precision Group Inc. | 10,478 | 329 |
* | Itron Inc. | 6,826 | 325 |
Hyster-Yale Materials Handling Inc. | 8,429 | 323 | |
* | SPX Corp. | 6,224 | 316 |
* | MYR Group Inc. | 3,512 | 315 |
* | Meritor Inc. | 8,836 | 315 |
Dorian LPG Ltd. | 21,525 | 297 | |
*,1 | Workhorse Group Inc. | 92,082 | 288 |
* | Teekay Tankers Ltd. Class A | 20,122 | 288 |
*,1 | View Inc. | 117,806 | 285 |
REV Group Inc. | 20,498 | 277 | |
Miller Industries Inc. | 8,900 | 276 |
Shares | Market Value• ($000) | ||
Myers Industries Inc. | 16,272 | 270 | |
* | Ferro Corp. | 11,800 | 256 |
Kronos Worldwide Inc. | 15,996 | 236 | |
Luxfer Holdings plc | 13,371 | 233 | |
* | Covenant Logistics Group Inc. Class A | 10,290 | 232 |
* | Babcock & Wilcox Enterprises Inc. | 33,001 | 231 |
* | Desktop Metal Inc. Class A | 55,435 | 231 |
Caesarstone Ltd. | 19,129 | 229 | |
* | Flywire Corp. | 8,474 | 229 |
Park Aerospace Corp. | 16,414 | 228 | |
* | Radiant Logistics Inc. | 32,833 | 227 |
* | Safe Bulkers Inc. | 53,486 | 224 |
Greif Inc. Class B | 3,772 | 215 | |
*,1 | Custom Truck One Source Inc. | 26,668 | 210 |
* | Teekay Corp. | 58,660 | 198 |
United States Lime & Minerals Inc. | 1,635 | 192 | |
* | PAM Transportation Services Inc. | 2,557 | 172 |
* | Sterling Check Corp. | 8,035 | 169 |
Powell Industries Inc. | 7,648 | 162 | |
* | Concrete Pumping Holdings Inc. | 21,604 | 161 |
* | Infrastructure and Energy Alternatives Inc. | 14,655 | 159 |
* | Acacia Research Corp. | 41,018 | 157 |
* | Blue Bird Corp. | 6,787 | 145 |
* | CECO Environmental Corp. | 25,941 | 140 |
Preformed Line Products Co. | 2,480 | 138 | |
* | Hireright Holdings Corp. | 10,488 | 137 |
Alamo Group Inc. | 981 | 136 | |
* | Commercial Vehicle Group Inc. | 16,917 | 135 |
* | INNOVATE Corp. | 39,843 | 133 |
* | CS Disco Inc. | 3,495 | 132 |
* | Aersale Corp. | 8,288 | 130 |
Lindsay Corp. | 882 | 116 | |
* | Atlas Technical Consultants Inc. | 9,998 | 115 |
* | Mistras Group Inc. | 17,068 | 114 |
Park-Ohio Holdings Corp. | 7,128 | 113 | |
* | US Xpress Enterprises Inc. Class A | 23,149 | 105 |
CRA International Inc. | 945 | 84 | |
* | Willis Lease Finance Corp. | 2,314 | 81 |
* | Mayville Engineering Co. Inc. | 7,585 | 78 |
* | First Advantage Corp. | 4,707 | 76 |
Cadre Holdings Inc. | 3,326 | 73 | |
* | StarTek Inc. | 14,106 | 62 |
* | Willdan Group Inc. | 1,875 | 61 |
* | Rekor Systems Inc. | 9,862 | 47 |
* | AvidXchange Holdings Inc. | 3,458 | 33 |
Allied Motion Technologies Inc. | 803 | 28 | |
Universal Logistics Holdings Inc. | 1,266 | 24 | |
* | AgEagle Aerial Systems Inc. | 20,250 | 24 |
* | Target Hospitality Corp. | 6,616 | 21 |
* | Team Inc. | 22,082 | 21 |
* | Remitly Global Inc. | 1,691 | 18 |
Hirequest Inc. | 661 | 12 | |
171,096 | |||
Other (0.0%)3 | |||
*,2 | Media General Inc. CVR | 35,434 | 1 |
Shares | Market Value• ($000) | ||
*,2 | Aduro Biotech Inc. CVR | 724 | 1 |
*,2 | Ferroglobe Unit | 19,424 | — |
2 | |||
Real Estate (11.5%) | |||
STAG Industrial Inc. | 150,245 | 5,854 | |
Terreno Realty Corp. | 62,841 | 4,323 | |
Kite Realty Group Trust | 184,678 | 4,050 | |
Agree Realty Corp. | 58,592 | 3,759 | |
LXP Industrial Trust | 237,962 | 3,679 | |
Healthcare Realty Trust Inc. | 125,692 | 3,278 | |
Apple Hospitality REIT Inc. | 182,766 | 3,233 | |
PotlatchDeltic Corp. | 56,220 | 3,086 | |
Physicians Realty Trust | 187,773 | 3,053 | |
* | Digitalbridge Group Inc. | 414,890 | 3,008 |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 61,610 | 2,917 | |
Broadstone Net Lease Inc. | 134,145 | 2,906 | |
Macerich Co. | 182,810 | 2,797 | |
* | Equity Commonwealth | 100,055 | 2,658 |
Outfront Media Inc. | 99,085 | 2,646 | |
Sabra Health Care REIT Inc. | 194,450 | 2,611 | |
Essential Properties Realty Trust Inc. | 102,863 | 2,600 | |
Corporate Office Properties Trust | 96,566 | 2,531 | |
Pebblebrook Hotel Trust | 111,324 | 2,506 | |
SITE Centers Corp. | 147,814 | 2,299 | |
Independence Realty Trust Inc. | 89,711 | 2,267 | |
Kennedy-Wilson Holdings Inc. | 101,064 | 2,238 | |
Uniti Group Inc. | 167,254 | 2,169 | |
National Health Investors Inc. | 37,259 | 1,986 | |
RLJ Lodging Trust | 140,732 | 1,969 | |
* | Sunstone Hotel Investors Inc. | 185,147 | 1,959 |
Brandywine Realty Trust | 144,694 | 1,929 | |
Retail Opportunity Investments Corp. | 101,055 | 1,835 | |
Innovative Industrial Properties Inc. | 9,729 | 1,834 | |
Urban Edge Properties | 98,863 | 1,801 | |
* | Xenia Hotels & Resorts Inc. | 97,029 | 1,799 |
Piedmont Office Realty Trust Inc. Class A | 105,524 | 1,798 | |
* | Realogy Holdings Corp. | 98,219 | 1,786 |
Paramount Group Inc. | 159,310 | 1,783 | |
Four Corners Property Trust Inc. | 65,805 | 1,736 | |
* | DiamondRock Hospitality Co. | 178,209 | 1,702 |
Washington REIT | 72,147 | 1,685 | |
Acadia Realty Trust | 73,997 | 1,586 | |
American Assets Trust Inc. | 42,550 | 1,556 | |
Easterly Government Properties Inc. Class A | 73,807 | 1,537 | |
CareTrust REIT Inc. | 82,495 | 1,444 | |
Alexander & Baldwin Inc. | 61,824 | 1,387 | |
NexPoint Residential Trust Inc. | 15,378 | 1,307 | |
Global Net Lease Inc. | 89,096 | 1,266 | |
* | Veris Residential Inc. | 74,905 | 1,266 |
Industrial Logistics Properties Trust | 55,433 | 1,240 | |
Service Properties Trust | 142,193 | 1,227 | |
Empire State Realty Trust Inc. Class A | 121,982 | 1,154 |
Shares | Market Value• ($000) | ||
Centerspace | 12,268 | 1,153 | |
LTC Properties Inc. | 33,235 | 1,124 | |
Preferred Apartment Communities Inc. Class A | 44,485 | 1,124 | |
Tanger Factory Outlet Centers Inc. | 63,563 | 1,060 | |
Office Properties Income Trust | 41,201 | 1,032 | |
Getty Realty Corp. | 34,851 | 960 | |
RPT Realty | 72,088 | 934 | |
* | Apartment Investment and Management Co. Class A | 128,018 | 914 |
* | Marcus & Millichap Inc. | 18,169 | 904 |
* | Summit Hotel Properties Inc. | 88,684 | 877 |
Global Medical REIT Inc. | 51,555 | 809 | |
Armada Hoffler Properties Inc. | 51,709 | 759 | |
NETSTREIT Corp. | 33,570 | 743 | |
Necessity Retail REIT Inc. | 100,701 | 709 | |
Plymouth Industrial REIT Inc. | 26,355 | 687 | |
* | Radius Global Infrastructure Inc. Class A (XNMS) | 49,848 | 641 |
City Office REIT Inc. | 36,070 | 621 | |
GEO Group Inc. | 99,545 | 593 | |
Diversified Healthcare Trust | 204,202 | 588 | |
* | Chatham Lodging Trust | 41,444 | 570 |
Ares Commercial Real Estate Corp. | 36,933 | 541 | |
* | CorePoint Lodging Inc. | 33,221 | 531 |
Franklin Street Properties Corp. | 86,449 | 500 | |
Gladstone Commercial Corp. | 22,727 | 482 | |
RE/MAX Holdings Inc. Class A | 16,013 | 475 | |
Urstadt Biddle Properties Inc. Class A | 25,096 | 473 | |
Whitestone REIT | 39,303 | 463 | |
Phillips Edison & Co. Inc. | 13,879 | 449 | |
PS Business Parks Inc. | 2,575 | 410 | |
One Liberty Properties Inc. | 13,573 | 394 | |
* | Douglas Elliman Inc. | 52,295 | 394 |
Safehold Inc. | 5,788 | 355 | |
RMR Group Inc. Class A | 11,549 | 337 | |
* | FRP Holdings Inc. | 5,640 | 327 |
* | Ryman Hospitality Properties Inc. | 3,670 | 323 |
* | Seritage Growth Properties Class A | 31,709 | 323 |
Gladstone Land Corp. | 10,777 | 322 | |
CTO Realty Growth Inc. | 4,946 | 310 | |
Community Healthcare Trust Inc. | 7,313 | 305 | |
* | Tejon Ranch Co. | 17,579 | 298 |
* | Braemar Hotels & Resorts Inc. | 48,901 | 291 |
Farmland Partners Inc. | 24,492 | 286 | |
* | Hersha Hospitality Trust Class A | 27,267 | 252 |
BRT Apartments Corp. | 9,779 | 215 | |
* | Forestar Group Inc. | 10,711 | 196 |
Postal Realty Trust Inc. Class A | 10,629 | 185 | |
* | Ashford Hospitality Trust Inc. | 14,331 | 123 |
UMH Properties Inc. | 5,266 | 121 | |
Indus Realty Trust Inc. | 1,235 | 94 | |
CatchMark Timber Trust Inc. Class A | 12,059 | 92 |
Shares | Market Value• ($000) | ||
Universal Health Realty Income Trust | 842 | 48 | |
Retail Value Inc. | 14,596 | 45 | |
Saul Centers Inc. | 783 | 36 | |
Clipper Realty Inc. | 1,174 | 11 | |
Bridge Investment Group Holdings Inc. Class A | 229 | 5 | |
137,854 | |||
Technology (4.4%) | |||
* | Verint Systems Inc. | 54,843 | 2,755 |
* | Rambus Inc. | 92,668 | 2,502 |
* | Onto Innovation Inc. | 28,411 | 2,449 |
* | LiveRamp Holdings Inc. | 56,259 | 2,428 |
* | Sanmina Corp. | 54,045 | 2,150 |
* | Allscripts Healthcare Solutions Inc. | 104,310 | 2,030 |
* | Insight Enterprises Inc. | 19,126 | 1,989 |
Vishay Intertechnology Inc. | 98,056 | 1,882 | |
* | NetScout Systems Inc. | 59,746 | 1,860 |
* | Bottomline Technologies DE Inc. | 31,570 | 1,788 |
Amkor Technology Inc. | 69,059 | 1,566 | |
* | Covetrus Inc. | 88,171 | 1,562 |
Xperi Holding Corp. | 89,490 | 1,550 | |
* | E2open Parent Holdings Inc. | 169,706 | 1,524 |
Methode Electronics Inc. | 32,509 | 1,484 | |
* | Super Micro Computer Inc. | 37,222 | 1,462 |
* | Veeco Instruments Inc. | 42,473 | 1,213 |
* | TTM Technologies Inc. | 89,180 | 1,121 |
* | Ping Identity Holding Corp. | 52,975 | 1,115 |
* | ePlus Inc. | 22,726 | 1,066 |
* | Photronics Inc. | 51,079 | 941 |
CSG Systems International Inc. | 14,844 | 916 | |
CTS Corp. | 21,295 | 808 | |
Benchmark Electronics Inc. | 30,770 | 804 | |
* | Parsons Corp. | 22,217 | 770 |
* | Diodes Inc. | 8,362 | 749 |
KBR Inc. | 14,922 | 741 | |
* | PDF Solutions Inc. | 25,761 | 705 |
* | ScanSource Inc. | 21,629 | 683 |
* | NeoPhotonics Corp. | 43,328 | 663 |
Ebix Inc. | 22,419 | 662 | |
* | Rogers Corp. | 1,946 | 531 |
PC Connection Inc. | 9,364 | 457 | |
* | II-VI Inc. | 6,504 | 452 |
* | Fabrinet | 4,360 | 437 |
* | Limelight Networks Inc. | 105,365 | 412 |
* | Aeva Technologies Inc. | 89,185 | 375 |
* | FormFactor Inc. | 8,194 | 332 |
* | Kimball Electronics Inc. | 19,250 | 332 |
*,1 | Cleanspark Inc. | 29,457 | 312 |
* | Ichor Holdings Ltd. | 8,327 | 293 |
* | Asana Inc. Class A | 5,009 | 274 |
* | TrueCar Inc. | 81,572 | 272 |
* | AXT Inc. | 34,045 | 254 |
* | Unisys Corp. | 11,733 | 251 |
* | Plexus Corp. | 2,726 | 222 |
* | Envestnet Inc. | 2,924 | 219 |
* | GAN Ltd. | 30,297 | 202 |
* | Smith Micro Software Inc. | 43,831 | 182 |
* | Alpha & Omega Semiconductor Ltd. | 3,392 | 182 |
* | Cohu Inc. | 5,344 | 167 |
* | 3D Systems Corp. | 9,218 | 164 |
* | comScore Inc. | 59,366 | 156 |
* | Yelp Inc. Class A | 4,574 | 155 |
Shares | Market Value• ($000) | ||
* | Rackspace Technology Inc. | 12,831 | 143 |
* | Daktronics Inc. | 30,798 | 142 |
* | DigitalOcean Holdings Inc. | 2,351 | 139 |
* | ChannelAdvisor Corp. | 7,306 | 131 |
* | SecureWorks Corp. Class A | 8,366 | 129 |
* | Quantum Corp. | 49,129 | 128 |
American Software Inc. Class A | 5,780 | 127 | |
* | ON24 Inc. | 8,161 | 127 |
* | GTY Technologies Holdings Inc. | 26,963 | 120 |
A10 Networks Inc. | 8,383 | 119 | |
* | eGain Corp. | 9,210 | 109 |
* | EMCORE Corp. | 26,018 | 101 |
* | Agilysys Inc. | 2,356 | 99 |
* | VirnetX Holding Corp. | 53,187 | 97 |
* | Enfusion Inc. Class A | 4,449 | 74 |
* | EngageSmart Inc. | 3,301 | 73 |
* | Xometry Inc. Class A | 1,475 | 72 |
* | Groupon Inc. Class A | 2,785 | 60 |
* | Model N Inc. | 2,383 | 59 |
* | Benefitfocus Inc. | 5,542 | 56 |
* | MeridianLink Inc. | 2,477 | 49 |
* | Intapp Inc. | 2,072 | 48 |
* | Couchbase Inc. | 2,142 | 45 |
*,1 | EverCommerce Inc. | 3,217 | 39 |
Hackett Group Inc. | 1,608 | 33 | |
* | Identiv Inc. | 1,442 | 30 |
* | Alkami Technology Inc. | 1,662 | 26 |
* | Arteris Inc. | 1,664 | 25 |
* | 1stdibs.com Inc. | 2,172 | 24 |
* | Stronghold Digital Mining Inc. Class A | 1,640 | 21 |
* | Mediaalpha Inc. Class A | 1,405 | 20 |
NVE Corp. | 234 | 13 | |
* | Informatica Inc. Class A | 615 | 12 |
* | Weave Communications Inc. | 1,022 | 10 |
* | SkyWater Technology Inc. | 460 | 5 |
* | Freshworks Inc. Class A | 270 | 5 |
* | Expensify Inc. Class A | 203 | 4 |
* | Amplitude Inc. Class A | 114 | 2 |
* | Thoughtworks Holding Inc. | 92 | 2 |
* | NerdWallet Inc. Class A | 189 | 2 |
* | UserTesting Inc. | 212 | 2 |
* | Society Pass Inc. | 633 | 2 |
* | ForgeRock Inc. Class A | 93 | 1 |
* | Gitlab Inc. Class A | 20 | 1 |
* | Backblaze Inc. Class A | 125 | 1 |
* | Braze Inc. Class A | 21 | 1 |
53,099 | |||
Telecommunications (1.2%) | |||
Telephone and Data Systems Inc. | 85,989 | 1,492 | |
* | Liberty Latin America Ltd. Class C | 133,647 | 1,349 |
InterDigital Inc. | 15,679 | 1,010 | |
* | Iridium Communications Inc. | 24,966 | 988 |
ADTRAN Inc. | 38,384 | 790 | |
* | EchoStar Corp. Class A | 31,966 | 778 |
* | NETGEAR Inc. | 24,910 | 663 |
*,1 | Gogo Inc. | 46,364 | 660 |
Shenandoah Telecommunications Co. | 27,490 | 614 | |
* | Plantronics Inc. | 21,117 | 595 |
* | Harmonic Inc. | 62,419 | 581 |
* | Digi International Inc. | 28,492 | 572 |
Shares | Market Value• ($000) | ||
Comtech Telecommunications Corp. | 21,889 | 450 | |
* | Calix Inc. | 8,099 | 440 |
* | Consolidated Communications Holdings Inc. | 61,514 | 438 |
* | Viavi Solutions Inc. | 23,912 | 392 |
* | Anterix Inc. | 6,853 | 365 |
* | United States Cellular Corp. | 12,967 | 357 |
* | Liberty Latin America Ltd. Class A | 33,437 | 336 |
ATN International Inc. | 9,371 | 312 | |
* | WideOpenWest Inc. | 16,588 | 282 |
* | Inseego Corp. | 57,243 | 270 |
* | Aviat Networks Inc. | 9,231 | 261 |
* | Ribbon Communications Inc. | 59,281 | 180 |
* | IDT Corp. Class B | 4,147 | 150 |
* | Ooma Inc. | 7,754 | 130 |
* | DZS Inc. | 8,193 | 119 |
* | KVH Industries Inc. | 12,695 | 109 |
*,1 | Globalstar Inc. | 64,099 | 76 |
* | Hemisphere Media Group Inc. Class A | 13,550 | 73 |
* | Kaltura Inc. | 7,804 | 18 |
* | IHS Holding Ltd. | 369 | 4 |
14,854 | |||
Utilities (5.1%) | |||
Portland General Electric Co. | 76,754 | 3,897 | |
Black Hills Corp. | 54,609 | 3,822 | |
ONE Gas Inc. | 44,899 | 3,731 | |
Brookfield Infrastructure Corp. Class A (XTSE) | 52,705 | 3,713 | |
Southwest Gas Holdings Inc. | 51,503 | 3,654 | |
New Jersey Resources Corp. | 82,290 | 3,589 | |
PNM Resources Inc. | 72,883 | 3,292 | |
South Jersey Industries Inc. | 87,921 | 2,983 | |
Spire Inc. | 43,251 | 2,903 | |
ALLETE Inc. | 44,780 | 2,818 | |
Ormat Technologies Inc. (XNYS) | 38,590 | 2,753 | |
NorthWestern Corp. | 45,102 | 2,728 | |
Avista Corp. | 60,432 | 2,697 | |
California Water Service Group | 44,687 | 2,544 | |
MGE Energy Inc. | 31,103 | 2,240 | |
Chesapeake Utilities Corp. | 14,673 | 1,951 | |
Clearway Energy Inc. Class C | 51,742 | 1,728 | |
SJW Group | 23,607 | 1,540 | |
Northwest Natural Holding Co. | 26,052 | 1,355 | |
American States Water Co. | 15,115 | 1,272 | |
* | Sunnova Energy International Inc. | 62,854 | 1,267 |
* | US Ecology Inc. | 23,791 | 1,129 |
Middlesex Water Co. | 9,284 | 928 | |
Clearway Energy Inc. Class A | 22,761 | 696 | |
Unitil Corp. | 13,419 | 678 | |
* | Harsco Corp. | 38,227 | 455 |
Shares | Market Value• ($000) | ||
Artesian Resources Corp. Class A | 6,866 | 319 | |
* | Casella Waste Systems Inc. Class A | 3,243 | 245 |
* | Heritage-Crystal Clean Inc. | 8,035 | 225 |
York Water Co. | 4,206 | 189 | |
Aris Water Solution Inc. Class A | 9,046 | 132 | |
* | Cadiz Inc. | 16,732 | 43 |
* | Pure Cycle Corp. | 1,761 | 21 |
Via Renewables Inc. Class A | 1,023 | 11 | |
61,548 | |||
Total Common Stocks (Cost $1,245,951) | 1,200,588 | ||
Face Amount ($000) | |||
Corporate Bonds (0.0%) | |||
4 | GAMCO Investors Inc., 5.000% coupon rate effective 6/15/22 4.000%, 6/15/23 (Cost $1) | 1 | 1 |
Shares | |||
Temporary Cash Investments (0.9%) | |||
Money Market Fund (0.9%) | |||
5,6 | Vanguard Market Liquidity Fund, 0.138% (Cost $10,571) | 105,734 | 10,572 |
Total Investments (100.8%) (Cost $1,256,523) | 1,211,161 | ||
Other Assets and Liabilities—Net (-0.8%) | (10,083) | ||
Net Assets (100%) | 1,201,078 | ||
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 $10,175,000. |
2 | Security value determined using significant unobservable inputs. |
3 | “Other” represents securities that are not classified by the fund’s benchmark index. |
4 | Step bond. |
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 $10,572,000 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 | March 2022 | 12 | 1,227 | 23 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $1,245,952) | 1,200,589 |
Affiliated Issuers (Cost $10,571) | 10,572 |
Total Investments in Securities | 1,211,161 |
Investment in Vanguard | 52 |
Cash Collateral Pledged—Futures Contracts | 110 |
Receivables for Investment Securities Sold | 3,115 |
Receivables for Accrued Income | 1,019 |
Receivables for Capital Shares Issued | 164 |
Variation Margin Receivable—Futures Contracts | 5 |
Total Assets | 1,215,626 |
Liabilities | |
Due to Custodian | 673 |
Payables for Investment Securities Purchased | 3,222 |
Collateral for Securities on Loan | 10,572 |
Payables for Capital Shares Redeemed | 23 |
Payables to Vanguard | 58 |
Total Liabilities | 14,548 |
Net Assets | 1,201,078 |
At February 28, 2022, net assets consisted of: | |
Paid-in Capital | 1,199,384 |
Total Distributable Earnings (Loss) | 1,694 |
Net Assets | 1,201,078 |
ETF Shares—Net Assets | |
Applicable to 7,175,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 997,872 |
Net Asset Value Per Share—ETF Shares | $139.08 |
Institutional Shares—Net Assets | |
Applicable to 740,717 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 203,206 |
Net Asset Value Per Share—Institutional Shares | $274.34 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 9,319 |
Interest2 | 1 |
Securities Lending—Net | 128 |
Total Income | 9,448 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 27 |
Management and Administrative—ETF Shares | 665 |
Management and Administrative—Institutional Shares | 61 |
Marketing and Distribution—ETF Shares | 20 |
Marketing and Distribution—Institutional Shares | 6 |
Custodian Fees | 48 |
Shareholders’ Reports—ETF Shares | 26 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | — |
Other Expenses | 8 |
Total Expenses | 861 |
Net Investment Income | 8,587 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 151,592 |
Futures Contracts | (279) |
Realized Net Gain (Loss) | 151,313 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (202,298) |
Futures Contracts | (33) |
Change in Unrealized Appreciation (Depreciation) | (202,331) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (42,431) |
1 | Dividends are net of foreign withholding taxes of $12,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $1,000, ($3,000), less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $144,244,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 8,587 | 13,150 | |
Realized Net Gain (Loss) | 151,313 | 131,754 | |
Change in Unrealized Appreciation (Depreciation) | (202,331) | 143,464 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (42,431) | 288,368 | |
Distributions | |||
ETF Shares | (11,799) | (9,366) | |
Institutional Shares | (2,438) | (1,795) | |
Total Distributions | (14,237) | (11,161) | |
Capital Share Transactions | |||
ETF Shares | 11,484 | 496,571 | |
Institutional Shares | 8,309 | 73,727 | |
Net Increase (Decrease) from Capital Share Transactions | 19,793 | 570,298 | |
Total Increase (Decrease) | (36,875) | 847,505 | |
Net Assets | |||
Beginning of Period | 1,237,953 | 390,448 | |
End of Period | 1,201,078 | 1,237,953 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $143.88 | $91.76 | $99.51 | $119.05 | $100.96 | $90.64 |
Investment Operations | ||||||
Net Investment Income1 | .968 | 1.998 | 1.868 | 1.912 | 1.905 | 1.736 |
Net Realized and Unrealized Gain (Loss) on Investments | (4.086) | 51.982 | (7.771) | (19.589) | 18.070 | 10.358 |
Total from Investment Operations | (3.118) | 53.980 | (5.903) | (17.677) | 19.975 | 12.094 |
Distributions | ||||||
Dividends from Net Investment Income | (1.682) | (1.860) | (1.847) | (1.863) | (1.885) | (1.774) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.682) | (1.860) | (1.847) | (1.863) | (1.885) | (1.774) |
Net Asset Value, End of Period | $139.08 | $143.88 | $91.76 | $99.51 | $119.05 | $100.96 |
Total Return | -2.18% | 59.34% | -6.05% | -14.93% | 19.96% | 13.42% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $998 | $1,036 | $303 | $251 | $223 | $172 |
Ratio of Total Expenses to Average Net Assets | 0.15% | 0.15% | 0.15% | 0.15% | 0.20% | 0.20% |
Ratio of Net Investment Income to Average Net Assets | 1.47% | 1.52% | 1.99% | 1.83% | 1.73% | 1.76% |
Portfolio Turnover Rate2 | 5% | 45% | 38% | 27% | 30% | 36% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $283.82 | $180.98 | $196.24 | $234.81 | $199.13 | $178.76 |
Investment Operations | ||||||
Net Investment Income1 | 2.055 | 4.212 | 3.783 | 3.966 | 4.029 | 3.737 |
Net Realized and Unrealized Gain (Loss) on Investments | (8.124) | 102.428 | (15.303) | (38.670) | 35.618 | 20.356 |
Total from Investment Operations | (6.069) | 106.640 | (11.520) | (34.704) | 39.647 | 24.093 |
Distributions | ||||||
Dividends from Net Investment Income | (3.411) | (3.800) | (3.740) | (3.866) | (3.967) | (3.723) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (3.411) | (3.800) | (3.740) | (3.866) | (3.967) | (3.723) |
Net Asset Value, End of Period | $274.34 | $283.82 | $180.98 | $196.24 | $234.81 | $199.13 |
Total Return | -2.15% | 59.46% | -5.97% | -14.88% | 20.10% | 13.55% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $203 | $202 | $88 | $140 | $151 | $146 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.57% | 1.67% | 2.04% | 1.90% | 1.85% | 1.88% |
Portfolio Turnover Rate2 | 5% | 45% | 38% | 27% | 30% | 36% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 1,200,586 | — | 2 | 1,200,588 |
Corporate Bonds | — | 1 | — | 1 |
Temporary Cash Investments | 10,572 | — | — | 10,572 |
Total | 1,211,158 | 1 | 2 | 1,211,161 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 23 | — | — | 23 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 1,261,635 |
Gross Unrealized Appreciation | 84,805 |
Gross Unrealized Depreciation | (135,256) |
Net Unrealized Appreciation (Depreciation) | (50,451) |
E. | During the six months ended February 28, 2022, the fund purchased $589,007,000 of investment securities and sold $572,539,000 of investment securities, other than temporary cash investments. Purchases and sales include $502,788,000 and $505,164,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 517,066 | 3,625 | 880,493 | 6,600 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (505,582) | (3,650) | (383,922) | (2,700) | |
Net Increase (Decrease)—ETF Shares | 11,484 | (25) | 496,571 | 3,900 | |
Institutional Shares | |||||
Issued | 9,396 | 33 | 120,164 | 430 | |
Issued in Lieu of Cash Distributions | 2,437 | 9 | 1,795 | 8 | |
Redeemed | (3,524) | (13) | (48,232) | (210) | |
Net Increase (Decrease)—Institutional Shares | 8,309 | 29 | 73,727 | 228 |
G. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
Basic Materials | 3.7% |
Consumer Discretionary | 16.2 |
Consumer Staples | 3.6 |
Energy | 3.3 |
Financials | 5.6 |
Health Care | 23.9 |
Industrials | 16.4 |
Real Estate | 3.2 |
Technology | 20.8 |
Telecommunications | 2.3 |
Utilities | 1.0 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (100.0%) | |||
Basic Materials (3.7%) | |||
UFP Industries Inc. | 39,388 | 3,377 | |
Balchem Corp. | 23,343 | 3,229 | |
Cabot Corp. | 40,566 | 2,968 | |
* | Livent Corp. | 117,552 | 2,768 |
*,1 | MP Materials Corp. | 54,812 | 2,501 |
* | Ingevity Corp. | 28,707 | 1,959 |
Quaker Chemical Corp. | 9,752 | 1,810 | |
Trinseo plc | 28,130 | 1,462 | |
Compass Minerals International Inc. | 24,780 | 1,453 | |
Sensient Technologies Corp. | 15,851 | 1,302 | |
GrafTech International Ltd. | 128,549 | 1,296 | |
* | Novagold Resources Inc. | 171,605 | 1,198 |
Mueller Industries Inc. | 15,698 | 896 | |
*,1 | Energy Fuels Inc. | 97,121 | 793 |
* | Uranium Energy Corp. | 187,101 | 747 |
Orion Engineered Carbons SA | 43,658 | 678 | |
Hecla Mining Co. | 112,621 | 649 | |
* | RBC Bearings Inc. | 2,886 | 559 |
* | Coeur Mining Inc. | 125,375 | 539 |
Innospec Inc. | 5,509 | 526 | |
Boise Cascade Co. | 6,114 | 489 | |
Materion Corp. | 5,696 | 476 | |
Hawkins Inc. | 9,286 | 420 | |
Avient Corp. | 6,875 | 360 | |
Omega Flex Inc. | 2,259 | 328 | |
*,1 | Meta Materials Inc. | 145,510 | 313 |
Ryerson Holding Corp. | 7,377 | 193 | |
Tredegar Corp. | 15,976 | 184 | |
* | Ur-Energy Inc. | 117,568 | 174 |
Stepan Co. | 1,434 | 149 | |
Kaiser Aluminum Corp. | 1,456 | 140 | |
* | Gatos Silver Inc. | 28,019 | 94 |
* | Perpetua Resources Corp. | 24,219 | 87 |
Schnitzer Steel Industries Inc. Class A | 1,600 | 78 | |
American Vanguard Corp. | 4,773 | 72 | |
* | Amyris Inc. | 13,687 | 62 |
* | Marrone Bio Innovations Inc. | 74,842 | 52 |
* | Century Aluminum Co. | 2,129 | 50 |
* | Zymergen Inc. | 11,093 | 42 |
* | Polymet Mining Corp. | 7,362 | 20 |
34,493 |
Shares | Market Value• ($000) | ||
Consumer Discretionary (16.2%) | |||
Texas Roadhouse Inc. Class A | 50,677 | 4,810 | |
* | BJ's Wholesale Club Holdings Inc. | 74,120 | 4,660 |
* | Scientific Games Corp. Class A | 69,698 | 4,385 |
* | Fox Factory Holding Corp. | 30,598 | 3,611 |
* | Helen of Troy Ltd. | 17,448 | 3,589 |
* | Crocs Inc. | 42,224 | 3,535 |
* | Asbury Automotive Group Inc. | 16,780 | 3,257 |
* | Hilton Grand Vacations Inc. | 61,854 | 3,208 |
Murphy USA Inc. | 17,481 | 3,160 | |
Wingstop Inc. | 21,643 | 3,146 | |
Papa John's International Inc. | 23,985 | 2,562 | |
* | Skyline Champion Corp. | 38,095 | 2,561 |
Steven Madden Ltd. | 58,470 | 2,494 | |
* | Visteon Corp. | 20,064 | 2,411 |
* | Sonos Inc. | 87,210 | 2,389 |
American Eagle Outfitters Inc. | 110,011 | 2,319 | |
Cracker Barrel Old Country Store Inc. | 17,154 | 2,303 | |
LCI Industries | 17,945 | 2,235 | |
International Game Technology plc | 72,515 | 2,220 | |
Red Rock Resorts Inc. Class A | 43,116 | 2,168 | |
* | National Vision Holdings Inc. | 59,012 | 2,164 |
Signet Jewelers Ltd. | 29,809 | 2,102 | |
* | Gentherm Inc. | 24,093 | 2,044 |
* | Shake Shack Inc. Class A | 27,080 | 2,023 |
* | LGI Homes Inc. | 15,621 | 1,970 |
* | Allegiant Travel Co. | 11,124 | 1,937 |
Kontoor Brands Inc. | 37,464 | 1,856 | |
* | Boot Barn Holdings Inc. | 21,151 | 1,841 |
* | Houghton Mifflin Harcourt Co. | 86,329 | 1,809 |
* | Dorman Products Inc. | 19,084 | 1,783 |
* | Overstock.com Inc. | 31,141 | 1,772 |
* | Bloomin' Brands Inc. | 64,092 | 1,577 |
Winnebago Industries Inc. | 23,330 | 1,495 | |
* | Everi Holdings Inc. | 61,727 | 1,444 |
* | Cheesecake Factory Inc. | 33,338 | 1,427 |
* | SeaWorld Entertainment Inc. | 20,559 | 1,427 |
* | Sally Beauty Holdings Inc. | 81,646 | 1,411 |
* | Brinker International Inc. | 32,862 | 1,398 |
Shares | Market Value• ($000) | ||
* | Cardlytics Inc. | 23,437 | 1,359 |
Wolverine World Wide Inc. | 58,821 | 1,355 | |
*,1 | Fisker Inc. | 108,692 | 1,326 |
* | Cavco Industries Inc. | 4,733 | 1,290 |
Rent-A-Center Inc. | 44,579 | 1,266 | |
Inter Parfums Inc. | 12,925 | 1,200 | |
* | Cinemark Holdings Inc. | 64,854 | 1,138 |
* | iRobot Corp. | 17,686 | 1,099 |
Dana Inc. | 56,499 | 1,052 | |
* | Malibu Boats Inc. Class A | 14,947 | 1,041 |
Dine Brands Global Inc. | 11,751 | 985 | |
* | Urban Outfitters Inc. | 34,960 | 962 |
* | XPEL Inc. | 12,921 | 938 |
Camping World Holdings Inc. Class A | 30,134 | 925 | |
* | elf Beauty Inc. | 34,767 | 919 |
Century Communities Inc. | 14,089 | 898 | |
* | Tenneco Inc. Class A | 45,038 | 868 |
* | Bally's Corp. | 23,775 | 856 |
Sturm Ruger & Co. Inc. | 11,610 | 841 | |
* | GoPro Inc. Class A | 93,708 | 806 |
* | iHeartMedia Inc. Class A | 37,100 | 796 |
* | Revolve Group Inc. | 16,376 | 777 |
* | Stitch Fix Inc. Class A | 59,501 | 747 |
* | Arko Corp. | 87,992 | 735 |
Buckle Inc. | 20,361 | 733 | |
* | Liberty Media Corp.- Liberty Braves Class C | 28,838 | 712 |
* | Golden Entertainment Inc. | 12,399 | 706 |
Monro Inc. | 14,701 | 686 | |
*,1 | Blink Charging Co. | 26,319 | 647 |
* | Children's Place Inc. | 10,141 | 638 |
* | Sun Country Airlines Holdings Inc. | 23,379 | 632 |
* | Dave & Buster's Entertainment Inc. | 14,408 | 624 |
Smith & Wesson Brands Inc. | 34,456 | 607 | |
* | Monarch Casino & Resort Inc. | 7,750 | 604 |
Ruth's Hospitality Group Inc. | 23,921 | 593 | |
* | Designer Brands Inc. Class A | 43,946 | 573 |
* | Arlo Technologies Inc. | 61,370 | 570 |
Caleres Inc. | 26,916 | 559 | |
* | Denny's Corp. | 34,306 | 543 |
* | Accel Entertainment Inc. Class A | 40,497 | 530 |
* | Central Garden & Pet Co. Class A | 11,626 | 512 |
* | RealReal Inc. | 57,446 | 512 |
* | Sleep Number Corp. | 7,739 | 508 |
* | Viad Corp. | 14,503 | 507 |
MDC Holdings Inc. | 11,172 | 495 | |
* | BJ's Restaurants Inc. | 15,011 | 481 |
* | 2U Inc. | 44,345 | 466 |
*,1 | Corsair Gaming Inc. | 19,565 | 452 |
* | AMC Networks Inc. Class A | 10,692 | 443 |
Clarus Corp. | 19,074 | 434 | |
* | Quotient Technology Inc. | 64,754 | 430 |
* | QuinStreet Inc. | 36,436 | 410 |
KB Home | 10,454 | 404 | |
* | Latham Group Inc. | 22,928 | 401 |
Hibbett Inc. | 8,843 | 399 | |
* | Adient plc | 8,862 | 397 |
RCI Hospitality Holdings Inc. | 6,069 | 394 | |
* | Lindblad Expeditions Holdings Inc. | 22,174 | 393 |
Shares | Market Value• ($000) | ||
* | Lovesac Co. | 9,206 | 391 |
* | Rush Street Interactive Inc. | 37,698 | 389 |
* | Master Craft Boat Holdings Inc. | 13,526 | 387 |
* | American Axle & Manufacturing Holdings Inc. | 40,881 | 379 |
OneWater Marine Inc. Class A | 7,382 | 375 | |
* | Sportsman's Warehouse Holdings Inc. | 31,811 | 363 |
* | MarineMax Inc. | 7,882 | 361 |
* | America's Car-Mart Inc. | 3,722 | 358 |
* | Party City Holdco Inc. | 79,758 | 345 |
* | Funko Inc. Class A | 19,715 | 344 |
Shoe Carnival Inc. | 11,747 | 343 | |
Acushnet Holdings Corp. | 7,503 | 329 | |
* | Liquidity Services Inc. | 19,046 | 328 |
*,1 | Frontier Group Holdings Inc. | 25,242 | 325 |
* | Taylor Morrison Home Corp. Class A | 10,294 | 304 |
* | AMMO Inc. | 63,821 | 301 |
* | Selectquote Inc. | 96,267 | 299 |
* | 1-800-Flowers.com Inc. Class A | 19,237 | 298 |
*,1 | Portillo's Inc. Class A | 11,749 | 294 |
* | CarParts.com Inc. | 35,009 | 293 |
* | Purple Innovation Inc. Class A | 41,316 | 249 |
* | Golden Nugget Online Gaming Inc. | 28,577 | 246 |
* | Life Time Group Holdings Inc. | 15,746 | 245 |
* | Century Casinos Inc. | 19,542 | 240 |
*,1 | Vuzix Corp. | 42,111 | 238 |
* | Citi Trends Inc. | 6,162 | 230 |
* | PROG Holdings Inc. | 7,495 | 230 |
Global Industrial Co. | 7,249 | 230 | |
* | Turtle Beach Corp. | 9,117 | 217 |
* | Chuy's Holdings Inc. | 6,623 | 216 |
* | Full House Resorts Inc. | 23,556 | 207 |
* | Noodles & Co. Class A | 29,509 | 202 |
* | OneSpaWorld Holdings Ltd. | 19,537 | 202 |
Winmark Corp. | 882 | 200 | |
*,1 | Canoo Inc. | 34,389 | 197 |
* | Red Robin Gourmet Burgers Inc. | 11,048 | 194 |
Johnson Outdoors Inc. Class A | 2,344 | 193 | |
Jack in the Box Inc. | 2,099 | 181 | |
1 | Krispy Kreme Inc. | 11,645 | 174 |
* | ONE Group Hospitality Inc. | 14,776 | 173 |
* | NEOGAMES SA | 7,351 | 166 |
* | PlayAGS Inc. | 19,467 | 163 |
Sinclair Broadcast Group Inc. Class A | 5,292 | 159 | |
* | Meritage Homes Corp. | 1,605 | 158 |
* | Kura Sushi USA Inc. Class A | 2,988 | 157 |
*,1 | Eastman Kodak Co. | 31,703 | 151 |
* | Green Brick Partners Inc. | 6,166 | 143 |
Haverty Furniture Cos. Inc. | 5,016 | 142 | |
* | Bed Bath & Beyond Inc. | 8,368 | 141 |
* | Abercrombie & Fitch Co. Class A | 3,654 | 139 |
HNI Corp. | 3,412 | 139 | |
* | Thryv Holdings Inc. | 4,581 | 139 |
* | Tri Pointe Homes Inc. | 6,097 | 136 |
* | Romeo Power Inc. | 73,316 | 134 |
Shares | Market Value• ($000) | ||
* | Kirkland's Inc. | 9,522 | 132 |
* | F45 Training Holdings Inc. | 8,326 | 128 |
* | Duluth Holdings Inc. Class B | 9,121 | 127 |
* | Liberty Media Corp.- Liberty Braves Class A | 4,889 | 125 |
Franchise Group Inc. | 2,921 | 123 | |
Interface Inc. Class A | 9,171 | 120 | |
*,1 | Arcimoto Inc. | 20,263 | 119 |
* | WW International Inc. | 11,331 | 115 |
* | PowerSchool Holdings Inc. Class A | 7,027 | 111 |
* | Cars.com Inc. | 6,797 | 110 |
* | Central Garden & Pet Co. | 2,307 | 109 |
* | European Wax Center Inc. Class A | 4,347 | 108 |
Carriage Services Inc. Class A | 2,178 | 107 | |
* | Integral Ad Science Holding Corp. | 5,547 | 104 |
Nathan's Famous Inc. | 1,607 | 93 | |
* | Snap One Holdings Corp. | 4,692 | 92 |
* | Chico's FAS Inc. | 19,310 | 91 |
1 | JOANN Inc. | 7,900 | 90 |
* | Liberty TripAdvisor Holdings Inc. Class A | 42,062 | 89 |
* | Clear Channel Outdoor Holdings Inc. | 23,264 | 87 |
Guess? Inc. | 3,907 | 86 | |
Oxford Industries Inc. | 957 | 85 | |
PriceSmart Inc. | 1,140 | 83 | |
* | First Watch Restaurant Group Inc. | 5,468 | 79 |
* | Xponential Fitness Inc. Class A | 3,729 | 78 |
* | Imax Corp. | 3,622 | 75 |
Marine Products Corp. | 5,791 | 70 | |
* | Esports Technologies Inc. | 7,897 | 65 |
*,1 | Aterian Inc. | 18,665 | 56 |
* | Stride Inc. | 1,577 | 53 |
* | Traeger Inc. | 5,325 | 53 |
* | Solo Brands Inc. Class A | 4,857 | 51 |
* | Stoneridge Inc. | 3,015 | 50 |
* | Regis Corp. | 26,848 | 49 |
* | Rent the Runway Inc. Class A | 7,707 | 47 |
1 | Weber Inc. Class A | 3,957 | 45 |
* | Drive Shack Inc. | 29,887 | 40 |
* | LiveOne Inc. | 42,949 | 37 |
* | HyreCar Inc. | 13,113 | 36 |
* | Instructure Holdings Inc. | 1,585 | 36 |
Superior Group of Cos. Inc. | 1,643 | 34 | |
* | Alta Equipment Group Inc. | 2,599 | 33 |
* | Outbrain Inc. | 2,551 | 33 |
* | aka Brands Holding Corp. | 4,281 | 32 |
Hamilton Beach Brands Holding Co. Class A | 1,962 | 30 | |
* | Stagwell Inc. | 4,025 | 30 |
* | Nautilus Inc. | 5,885 | 29 |
Escalade Inc. | 1,993 | 26 | |
* | Lulu's Fashion Lounge Holdings Inc. | 2,600 | 26 |
* | Lordstown Motors Corp. Class A | 9,792 | 25 |
* | Udemy Inc. | 1,818 | 24 |
*,1 | Dutch Bros Inc. Class A | 469 | 23 |
* | Torrid Holdings Inc. | 2,344 | 20 |
* | Shift Technologies Inc. | 9,247 | 19 |
* | Sweetgreen Inc. Class A | 561 | 14 |
Shares | Market Value• ($000) | ||
Hooker Furnishings Corp. | 599 | 13 | |
* | CuriosityStream Inc. | 3,442 | 13 |
* | Arhaus Inc. | 1,965 | 13 |
National CineMedia Inc. | 4,012 | 12 | |
* | Chicken Soup For The Soul Entertainment Inc. | 1,265 | 12 |
* | Brilliant Earth Group Inc. Class A | 992 | 9 |
* | XL Fleet Corp. | 3,853 | 8 |
Rocky Brands Inc. | 170 | 7 | |
* | Revlon Inc. Class A | 429 | 4 |
* | Digital Media Solutions Inc. Class A | 1,082 | 4 |
* | Allbirds Inc. Class A | 389 | 3 |
151,664 | |||
Consumer Staples (3.6%) | |||
* | Performance Food Group Co. | 100,104 | 5,610 |
* | Celsius Holdings Inc. | 38,990 | 2,491 |
Sanderson Farms Inc. | 12,614 | 2,253 | |
WD-40 Co. | 9,900 | 2,098 | |
Lancaster Colony Corp. | 12,052 | 2,027 | |
J & J Snack Foods Corp. | 10,642 | 1,742 | |
Coca-Cola Consolidated Inc. | 3,402 | 1,691 | |
Energizer Holdings Inc. | 49,298 | 1,646 | |
Medifast Inc. | 8,334 | 1,550 | |
* | Beauty Health Co. | 57,429 | 1,113 |
* | Sprouts Farmers Market Inc. | 36,508 | 1,040 |
* | USANA Health Sciences Inc. | 8,633 | 760 |
National Beverage Corp. | 17,098 | 753 | |
Nu Skin Enterprises Inc. Class A | 15,982 | �� 741 | |
MGP Ingredients Inc. | 8,576 | 683 | |
Utz Brands Inc. | 42,460 | 648 | |
* | Hydrofarm Holdings Group Inc. | 28,040 | 568 |
Calavo Growers Inc. | 12,481 | 533 | |
*,1 | BellRing Brands Inc. Class A | 18,818 | 481 |
*,1 | Tattooed Chef Inc. | 34,437 | 418 |
Andersons Inc. | 9,121 | 416 | |
Turning Point Brands Inc. | 10,446 | 350 | |
* | Duckhorn Portfolio Inc. | 17,608 | 346 |
* | GrowGeneration Corp. | 40,476 | 340 |
PetMed Express Inc. | 12,589 | 339 | |
John B Sanfilippo & Son Inc. | 4,261 | 339 | |
* | PLBY Group Inc. | 20,681 | 329 |
* | 22nd Century Group Inc. | 115,148 | 269 |
* | Vital Farms Inc. | 17,709 | 252 |
* | Honest Co. Inc. | 43,149 | 249 |
*,1 | AppHarvest Inc. | 50,106 | 191 |
* | Veru Inc. | 33,695 | 188 |
Vector Group Ltd. | 14,879 | 167 | |
* | Simply Good Foods Co. | 3,859 | 153 |
* | United Natural Foods Inc. | 2,604 | 105 |
* | Sovos Brands Inc. | 7,906 | 96 |
* | Vita Coco Co. Inc. | 5,641 | 65 |
* | Chefs' Warehouse Inc. | 1,608 | 53 |
Limoneira Co. | 3,079 | �� 45 | |
* | NewAge Inc. | 56,034 | 38 |
* | Mission Produce Inc. | 2,768 | 36 |
* | Zevia PBC Class A | 5,270 | 33 |
* | AquaBounty Technologies Inc. | 13,110 | 21 |
* | Laird Superfood Inc. | 3,373 | 21 |
* | MedAvail Holdings Inc. | 8,704 | 10 |
* | Greenlane Holdings Inc. Class A | 14,390 | 8 |
Shares | Market Value• ($000) | ||
* | Real Good Food Co. Inc. | 491 | 3 |
33,308 | |||
Energy (3.3%) | |||
Matador Resources Co. | 80,033 | 3,970 | |
* | Southwestern Energy Co. | 734,592 | 3,666 |
* | Denbury Inc. | 36,486 | 2,651 |
Magnolia Oil & Gas Corp. Class A | 104,236 | 2,330 | |
Cactus Inc. Class A | 40,054 | 2,029 | |
* | Callon Petroleum Co. | 29,716 | 1,675 |
Oasis Petroleum Inc. | 12,196 | 1,616 | |
* | Kosmos Energy Ltd. | 323,861 | 1,574 |
* | Ameresco Inc. Class A | 22,345 | 1,436 |
* | FuelCell Energy Inc. | 206,579 | 1,239 |
* | Tellurian Inc. | 266,535 | 1,015 |
* | SunPower Corp. | 45,903 | 823 |
* | Stem Inc. | 82,249 | 783 |
* | Antero Resources Corp. | 25,166 | 577 |
* | ChampionX Corp. | 26,759 | 573 |
Ovintiv Inc. (XNYS) | 10,924 | 501 | |
* | DMC Global Inc. | 13,325 | 392 |
* | Par Pacific Holdings Inc. | 27,321 | 372 |
* | TPI Composites Inc. | 26,378 | 357 |
Chesapeake Energy Corp. | 4,534 | 350 | |
* | Crescent Energy Inc. Class A | 21,456 | 325 |
* | Liberty Oilfield Services Inc. Class A | 23,202 | 290 |
Arch Resources Inc. | 2,122 | 253 | |
* | Array Technologies Inc. | 21,896 | 246 |
Civitas Resources Inc. | 4,633 | 234 | |
* | TETRA Technologies Inc. | 67,758 | 217 |
* | Laredo Petroleum Inc. | 2,434 | 186 |
* | Centennial Resource Development Inc. Class A | 17,173 | 151 |
Falcon Minerals Corp. | 24,795 | 142 | |
Warrior Met Coal Inc. | 3,895 | 123 | |
* | NexTier Oilfield Solutions Inc. | 13,908 | 111 |
*,1 | Beam Global | 5,653 | 82 |
* | Expro Group Holdings NV | 4,536 | 73 |
* | Talos Energy Inc. | 4,288 | 67 |
* | FTC Solar Inc. | 14,256 | 67 |
Solaris Oilfield Infrastructure Inc. Class A | 6,397 | 66 | |
* | Earthstone Energy Inc. Class A | 3,045 | 40 |
* | Advent Technologies Holdings Inc. | 8,267 | 21 |
Kinetik Holdings Inc. | 221 | 15 | |
* | Fluence Energy Inc. | 1,129 | 15 |
Riley Exploration Permian Inc. | 205 | 7 | |
30,660 | |||
Financials (5.6%) | |||
First Financial Bankshares Inc. | 87,474 | 4,192 | |
Houlihan Lokey Inc. Class A | 32,288 | 3,321 | |
Kinsale Capital Group Inc. | 15,555 | 3,263 | |
RLI Corp. | 26,698 | 2,710 | |
ServisFirst Bancshares Inc. | 30,088 | 2,629 | |
* | Silvergate Capital Corp. Class A | 19,894 | 2,548 |
* | Trupanion Inc. | 27,624 | 2,476 |
* | Focus Financial Partners Inc. Class A | 43,090 | 2,156 |
Hamilton Lane Inc. Class A | 25,297 | 1,976 |
Shares | Market Value• ($000) | ||
Artisan Partners Asset Management Inc. Class A | 42,380 | 1,615 | |
* | Triumph Bancorp Inc. | 15,962 | 1,601 |
* | Open Lending Corp. Class A | 75,493 | 1,573 |
Live Oak Bancshares Inc. | 23,105 | 1,478 | |
Cohen & Steers Inc. | 17,985 | 1,461 | |
Virtus Investment Partners Inc. | 5,270 | 1,268 | |
Moelis & Co. Class A | 24,394 | 1,176 | |
* | Palomar Holdings Inc. | 17,783 | 1,146 |
*,1 | Riot Blockchain Inc. | 64,507 | 1,111 |
* | LendingTree Inc. | 8,433 | 1,020 |
StepStone Group Inc. Class A | 29,369 | 1,014 | |
Brightsphere Investment Group Inc. | 41,999 | 1,003 | |
Investors Bancorp Inc. | 59,011 | 988 | |
* | BRP Group Inc. Class A | 34,273 | 952 |
* | Texas Capital Bancshares Inc. | 13,858 | 923 |
PJT Partners Inc. Class A | 14,422 | 920 | |
Cadence Bank | 22,116 | 699 | |
Eastern Bankshares Inc. | 26,056 | 570 | |
Glacier Bancorp Inc. | 9,427 | 522 | |
WisdomTree Investments Inc. | 72,420 | 408 | |
Pacific Premier Bancorp Inc. | 10,307 | 399 | |
Meta Financial Group Inc. | 6,627 | 367 | |
Walker & Dunlop Inc. | 2,128 | 294 | |
GCM Grosvenor Inc. Class A | 28,464 | 284 | |
* | Blucora Inc. | 12,897 | 257 |
* | CrossFirst Bankshares Inc. | 16,365 | 257 |
PennyMac Mortgage Investment Trust | 14,336 | 224 | |
* | Coastal Financial Corp. | 4,661 | ��222 |
* | Columbia Financial Inc. | 10,100 | 215 |
* | Axos Financial Inc. | 3,868 | 212 |
Veritex Holdings Inc. | 5,004 | 203 | |
Curo Group Holdings Corp. | 14,472 | 194 | |
Kearny Financial Corp. | 14,308 | 189 | |
Greenhill & Co. Inc. | 10,272 | 182 | |
Goosehead Insurance Inc. Class A | 2,079 | 181 | |
Stock Yards Bancorp Inc. | 3,051 | 163 | |
FirstCash Holdings Inc. | 2,083 | 150 | |
Origin Bancorp Inc. | 2,840 | 131 | |
* | Customers Bancorp Inc. | 1,833 | 113 |
Pzena Investment Management Inc. Class A | 11,802 | 109 | |
Regional Management Corp. | 2,113 | 108 | |
James River Group Holdings Ltd. | 4,043 | 108 | |
*,1 | Marathon Digital Holdings Inc. | 4,178 | 106 |
* | Southern First Bancshares Inc. | 1,767 | 101 |
Five Star Bancorp | 3,289 | 100 | |
FB Financial Corp. | 2,054 | 91 | |
Lakeland Financial Corp. | 1,108 | 89 | |
* | NMI Holdings Inc. Class A | 3,867 | 89 |
* | eHealth Inc. | 5,405 | 84 |
Metrocity Bankshares Inc. | 3,430 | 83 | |
* | StoneX Group Inc. | 1,016 | 77 |
GAMCO Investors Inc. Class A | 3,306 | 71 | |
West BanCorp. Inc. | 2,079 | 60 | |
* | Bridgewater Bancshares Inc. | 3,436 | 58 |
Shares | Market Value• ($000) | ||
* | Metropolitan Bank Holding Corp. | 463 | 47 |
Value Line Inc. | 704 | 42 | |
* | TPG Inc. | 1,040 | 32 |
Waterstone Financial Inc. | 1,411 | 28 | |
Investors Title Co. | 143 | 27 | |
RBB Bancorp | 1,138 | 27 | |
Hingham Institution for Savings | 59 | 21 | |
* | Blue Foundry Bancorp | 1,357 | 19 |
* | P10 Inc. Class A | 1,503 | 19 |
Heritage Insurance Holdings Inc. | 1,791 | 10 | |
Luther Burbank Corp. | 805 | 10 | |
* | Clearwater Analytics Holdings Inc. Class A | 281 | 6 |
* | USCB Financial Holdings Inc. | 391 | 5 |
* | Finwise Bancorp | 201 | 4 |
52,587 | |||
Health Care (23.9%) | |||
* | Intellia Therapeutics Inc. | 50,518 | 4,994 |
* | Inspire Medical Systems Inc. | 19,481 | 4,755 |
* | Shockwave Medical Inc. | 24,447 | 4,333 |
* | Omnicell Inc. | 31,685 | 4,096 |
* | Halozyme Therapeutics Inc. | 100,220 | 3,555 |
* | Arrowhead Pharmaceuticals Inc. | 73,249 | 3,223 |
* | Biohaven Pharmaceutical Holding Co. Ltd. | 27,074 | 3,214 |
* | Medpace Holdings Inc. | 20,971 | 3,208 |
Ensign Group Inc. | 37,995 | 3,193 | |
* | HealthEquity Inc. | 59,136 | 3,176 |
* | Intra-Cellular Therapies Inc. | 57,079 | 3,167 |
CONMED Corp. | 21,042 | 3,075 | |
* | LHC Group Inc. | 22,147 | 3,016 |
* | Beam Therapeutics Inc. | 37,004 | 2,899 |
* | Alkermes plc | 116,114 | 2,887 |
* | iRhythm Technologies Inc. | 21,352 | 2,760 |
* | STAAR Surgical Co. | 34,352 | 2,725 |
* | Neogen Corp. | 73,192 | 2,613 |
* | LivaNova plc | 31,163 | 2,456 |
* | Blueprint Medicines Corp. | 39,643 | 2,400 |
* | R1 RCM Inc. | 85,853 | 2,334 |
* | AtriCure Inc. | 32,403 | 2,250 |
* | Arvinas Inc. | 34,155 | 2,214 |
* | ACADIA Pharmaceuticals Inc. | 86,529 | 2,199 |
* | Apellis Pharmaceuticals Inc. | 51,674 | 2,198 |
* | Inari Medical Inc. | 24,903 | 2,191 |
* | Merit Medical Systems Inc. | 33,057 | 2,150 |
* | Denali Therapeutics Inc. | 65,753 | 2,141 |
* | Pacira BioSciences Inc. | 32,018 | 2,135 |
* | Insmed Inc. | 85,432 | 2,042 |
* | Fate Therapeutics Inc. | 58,699 | 2,028 |
* | NuVasive Inc. | 37,461 | 2,027 |
Owens & Minor Inc. | 43,323 | 1,913 | |
* | Twist Bioscience Corp. | 34,151 | 1,910 |
* | Axonics Inc. | 33,163 | 1,882 |
* | Cytokinetics Inc. | 53,204 | 1,879 |
Select Medical Holdings Corp. | 79,849 | 1,848 | |
* | Progyny Inc. | 46,740 | 1,840 |
* | Glaukos Corp. | 33,028 | 1,827 |
* | Nevro Corp. | 25,104 | 1,800 |
* | PTC Therapeutics Inc. | 50,240 | 1,764 |
Shares | Market Value• ($000) | ||
* | NeoGenomics Inc. | 82,073 | 1,757 |
* | Karuna Therapeutics Inc. | 16,062 | 1,687 |
* | Amicus Therapeutics Inc. | 189,871 | 1,546 |
*,1 | Corcept Therapeutics Inc. | 69,207 | 1,543 |
* | Ortho Clinical Diagnostics Holdings plc Class H | 87,075 | 1,540 |
* | Outset Medical Inc. | 33,998 | 1,495 |
* | Haemonetics Corp. | 24,936 | 1,439 |
* | CareDx Inc. | 36,596 | 1,405 |
* | Vericel Corp. | 33,677 | 1,388 |
* | Global Blood Therapeutics Inc. | 44,824 | 1,354 |
* | Zentalis Pharmaceuticals Inc. | 26,386 | 1,316 |
* | Apollo Medical Holdings Inc. | 27,229 | 1,310 |
* | Surgery Partners Inc. | 24,558 | 1,284 |
* | Xencor Inc. | 40,905 | 1,281 |
* | SpringWorks Therapeutics Inc. | 21,211 | 1,200 |
*,1 | Cassava Sciences Inc. | 27,689 | 1,177 |
* | Ironwood Pharmaceuticals Inc. Class A | 106,457 | 1,145 |
* | Phreesia Inc. | 35,804 | 1,102 |
* | Vir Biotechnology Inc. | 43,503 | 1,096 |
* | Relay Therapeutics Inc. | 45,178 | 1,089 |
* | NanoString Technologies Inc. | 30,416 | 1,079 |
* | Health Catalyst Inc. | 37,961 | 1,029 |
* | CorVel Corp. | 6,396 | 1,017 |
* | Heska Corp. | 7,062 | 1,003 |
* | Kymera Therapeutics Inc. | 24,916 | 991 |
* | Dynavax Technologies Corp. | 77,996 | 956 |
* | TG Therapeutics Inc. | 94,191 | 930 |
* | Silk Road Medical Inc. | 24,787 | 920 |
* | 1Life Healthcare Inc. | 84,964 | 918 |
* | Codexis Inc. | 43,855 | 874 |
* | Editas Medicine Inc. Class A | 49,844 | 853 |
US Physical Therapy Inc. | 9,277 | 853 | |
* | Avid Bioservices Inc. | 41,139 | 843 |
* | Community Health Systems Inc. | 78,182 | 822 |
* | RadNet Inc. | 32,906 | 812 |
* | FibroGen Inc. | 56,817 | 799 |
* | Madrigal Pharmaceuticals Inc. | 8,574 | 796 |
* | Celldex Therapeutics Inc. | 26,275 | 786 |
* | Tenet Healthcare Corp. | 9,116 | 784 |
* | Protagonist Therapeutics Inc. | 32,235 | 783 |
* | Cerevel Therapeutics Holdings Inc. | 29,525 | 782 |
* | Pacific Biosciences of California Inc. | 64,949 | 774 |
* | Quanterix Corp. | 22,332 | 753 |
Atrion Corp. | 1,013 | 725 | |
* | Cerus Corp. | 120,899 | 710 |
* | Prothena Corp. plc | 20,151 | 697 |
* | Revance Therapeutics Inc. | 50,427 | 684 |
* | MEDNAX Inc. | 29,077 | 682 |
* | Alector Inc. | 42,508 | 673 |
* | Harmony Biosciences Holdings Inc. | 16,533 | 661 |
* | Intersect ENT Inc. | 24,265 | 660 |
* | Accolade Inc. | 36,572 | 658 |
LeMaitre Vascular Inc. | 13,648 | 648 | |
* | C4 Therapeutics Inc. | 27,706 | 621 |
*,1 | Recursion Pharmaceuticals Inc. Class A | 56,017 | 613 |
* | Castle Biosciences Inc. | 14,117 | 611 |
Shares | Market Value• ($000) | ||
* | Keros Therapeutics Inc. | 11,359 | 610 |
* | Morphic Holding Inc. | 15,276 | 609 |
* | Cardiovascular Systems Inc. | 28,633 | 603 |
* | Crinetics Pharmaceuticals Inc. | 28,822 | 577 |
* | Axsome Therapeutics Inc. | 20,279 | 570 |
*,1 | Senseonics Holdings Inc. | 312,641 | 563 |
* | Reata Pharmaceuticals Inc. Class A | 17,171 | 562 |
* | OptimizeRx Corp. | 12,386 | 561 |
* | OrthoPediatrics Corp. | 9,976 | 559 |
* | Aclaris Therapeutics Inc. | 37,264 | 555 |
* | Coherus Biosciences Inc. | 46,836 | 552 |
* | Karyopharm Therapeutics Inc. | 52,155 | 539 |
* | Rocket Pharmaceuticals Inc. | 29,989 | 534 |
* | Anavex Life Sciences Corp. | 48,136 | 528 |
* | SI-BONE Inc. | 23,721 | 523 |
* | Alphatec Holdings Inc. | 47,032 | 518 |
* | Tivity Health Inc. | 18,887 | 515 |
* | Inogen Inc. | 14,330 | 500 |
* | Pulmonx Corp. | 18,878 | 496 |
* | Hanger Inc. | 27,287 | 494 |
* | Nuvation Bio Inc. | 97,584 | 494 |
* | Cutera Inc. | 12,849 | 493 |
*,1 | Sorrento Therapeutics Inc. | 193,918 | 491 |
* | Collegium Pharmaceutical Inc. | 25,172 | 490 |
* | Alignment Healthcare Inc. | 57,837 | 488 |
* | Heron Therapeutics Inc. | 67,657 | 480 |
*,1 | Ocugen Inc. | 134,395 | 473 |
* | Treace Medical Concepts Inc. | 21,905 | 472 |
* | Artivion Inc. | 24,028 | 470 |
Patterson Cos. Inc. | 15,608 | 467 | |
* | Butterfly Network Inc. | 89,765 | 462 |
* | Sangamo Therapeutics Inc. | 78,398 | 459 |
*,1 | Bionano Genomics Inc. | 210,515 | 450 |
Healthcare Services Group Inc. | 28,297 | 448 | |
* | Surmodics Inc. | 9,828 | 441 |
* | ImmunoGen Inc. | 76,709 | 433 |
* | Inhibrx Inc. | 20,079 | 432 |
* | Agenus Inc. | 157,230 | 425 |
* | Antares Pharma Inc. | 119,594 | 419 |
* | ViewRay Inc. | 99,532 | 414 |
* | Arena Pharmaceuticals Inc. | 4,336 | 412 |
* | Joint Corp. | 9,950 | 408 |
*,1 | Vaxart Inc. | 79,726 | 405 |
* | Seres Therapeutics Inc. | 50,280 | 402 |
* | Addus HomeCare Corp. | 4,719 | 401 |
*,1 | Bridgebio Pharma Inc. | 51,182 | 399 |
* | Invitae Corp. | 36,894 | 398 |
National Research Corp. | 10,016 | 398 | |
* | Theravance Biopharma Inc. | 39,373 | 396 |
* | PetIQ Inc. Class A | 19,715 | 391 |
* | REGENXBIO Inc. | 14,804 | 388 |
* | Sana Biotechnology Inc. | 58,446 | 378 |
* | MacroGenics Inc. | 40,192 | 376 |
* | BioDelivery Sciences International Inc. | 66,918 | 373 |
* | Affimed NV | 83,001 | 366 |
* | ModivCare Inc. | 2,996 | 354 |
* | TransMedics Group Inc. | 18,540 | 343 |
* | Lantheus Holdings Inc. | 6,954 | 333 |
* | Nurix Therapeutics Inc. | 20,456 | 331 |
Shares | Market Value• ($000) | ||
* | Amneal Pharmaceuticals Inc. | 72,504 | 328 |
* | Edgewise Therapeutics Inc. | 27,641 | 326 |
* | Albireo Pharma Inc. | 9,699 | 323 |
Phibro Animal Health Corp. Class A | 14,896 | 317 | |
*,1 | Omeros Corp. | 43,350 | 312 |
* | Evolent Health Inc. Class A | 11,588 | 309 |
* | Ocular Therapeutix Inc. | 55,138 | 308 |
* | Rigel Pharmaceuticals Inc. | 122,245 | 307 |
* | Rapt Therapeutics Inc. | 15,288 | 306 |
* | Privia Health Group Inc. | 11,850 | 305 |
* | Mind Medicine Mindmed Inc. | 249,847 | 305 |
* | Agiliti Inc. | 16,879 | 304 |
* | Scholar Rock Holding Corp. | 17,226 | 300 |
* | Pennant Group Inc. | 18,420 | 299 |
* | PMV Pharmaceuticals Inc. | 18,775 | 297 |
* | Krystal Biotech Inc. | 4,612 | 293 |
* | Radius Health Inc. | 34,281 | 285 |
* | Inotiv Inc. | 10,597 | 280 |
* | Tactile Systems Technology Inc. | 13,698 | 279 |
* | MaxCyte Inc. | 39,866 | 277 |
* | MiMedx Group Inc. | 54,045 | 273 |
* | Stoke Therapeutics Inc. | 13,957 | 272 |
* | Berkeley Lights Inc. | 34,802 | 267 |
* | IVERIC bio Inc. | 16,491 | 265 |
* | Axogen Inc. | 28,037 | 262 |
* | Phathom Pharmaceuticals Inc. | 14,474 | 262 |
* | KalVista Pharmaceuticals Inc. | 16,161 | 259 |
* | Intercept Pharmaceuticals Inc. | 17,905 | 255 |
* | Aerie Pharmaceuticals Inc. | 30,329 | 252 |
* | Apria Inc. | 6,736 | 252 |
* | Vapotherm Inc. | 16,229 | 247 |
* | Akero Therapeutics Inc. | 13,871 | 246 |
* | Replimune Group Inc. | 14,942 | 240 |
* | ALX Oncology Holdings Inc. | 13,053 | 237 |
* | Y-mAbs Therapeutics Inc. | 25,747 | 235 |
* | Relmada Therapeutics Inc. | 11,110 | 228 |
* | Bioxcel Therapeutics Inc. | 12,355 | 226 |
* | Apyx Medical Corp. | 22,242 | 225 |
* | BioCryst Pharmaceuticals Inc. | 13,524 | 225 |
* | Dermtech Inc. | 17,617 | 225 |
* | Accuray Inc. | 64,472 | 224 |
* | Amphastar Pharmaceuticals Inc. | 8,050 | 223 |
iRadimed Corp. | 4,494 | 223 | |
* | 908 Devices Inc. | 13,339 | 222 |
* | Oramed Pharmaceuticals Inc. | 21,548 | 222 |
* | Evolus Inc. | 23,946 | 219 |
* | Verve Therapeutics Inc. | 6,618 | 216 |
* | SIGA Technologies Inc. | 35,486 | 213 |
* | Chimerix Inc. | 37,526 | 212 |
* | Marinus Pharmaceuticals Inc. | 26,848 | 210 |
* | Kodiak Sciences Inc. | 24,240 | 209 |
* | Organogenesis Holdings Inc. Class A | 28,047 | 209 |
* | LifeStance Health Group Inc. | 21,061 | 199 |
* | Vaxcyte Inc. | 8,548 | 198 |
* | Bioventus Inc. Class A | 15,068 | 196 |
* | Allovir Inc. | 21,573 | 194 |
Shares | Market Value• ($000) | ||
* | Deciphera Pharmaceuticals Inc. | 24,877 | 192 |
* | Instil Bio Inc. | 17,940 | 192 |
* | Curis Inc. | 55,414 | 186 |
* | G1 Therapeutics Inc. | 17,271 | 183 |
* | VBI Vaccines Inc. | 120,750 | 180 |
* | Allogene Therapeutics Inc. | 19,610 | 179 |
* | Eagle Pharmaceuticals Inc. | 3,749 | 178 |
* | Seer Inc. Class A | 11,522 | 177 |
* | BioLife Solutions Inc. | 7,490 | 176 |
* | MEI Pharma Inc. | 78,447 | 169 |
*,1 | Clovis Oncology Inc. | 80,893 | 167 |
* | VistaGen Therapeutics Inc. | 119,442 | 167 |
* | Rubius Therapeutics Inc. | 33,346 | 166 |
* | Stereotaxis Inc. | 35,473 | 164 |
* | Avita Medical Inc. | 17,773 | 164 |
* | Multiplan Corp. | 42,022 | 158 |
* | Mersana Therapeutics Inc. | 35,836 | 157 |
* | Spero Therapeutics Inc. | 16,306 | 157 |
* | Precision BioSciences Inc. | 36,457 | 155 |
* | Generation Bio Co. | 30,296 | 155 |
* | CytomX Therapeutics Inc. | 39,979 | 153 |
* | InfuSystem Holdings Inc. | 13,233 | 152 |
* | Aveanna Healthcare Holdings Inc. | 28,697 | 151 |
* | Design Therapeutics Inc. | 11,026 | 150 |
* | Verastem Inc. | 124,437 | 149 |
* | Aldeyra Therapeutics Inc. | 36,332 | 147 |
* | Alaunos Therapeutics Inc. | 148,224 | 146 |
* | SeaSpine Holdings Corp. | 11,283 | 143 |
* | Allakos Inc. | 25,489 | 142 |
* | Pliant Therapeutics Inc. | 15,852 | 142 |
* | CEL–SCI Corp. | 24,165 | 140 |
* | Precigen Inc. | 60,635 | 136 |
* | Harvard Bioscience Inc. | 24,936 | 135 |
* | Ligand Pharmaceuticals Inc. | 1,296 | 131 |
* | Cytek Biosciences Inc. | 9,435 | 129 |
* | Cue Biopharma Inc. | 22,070 | 128 |
* | Syndax Pharmaceuticals Inc. | 8,235 | 128 |
* | Paratek Pharmaceuticals Inc. | 35,214 | 124 |
* | ClearPoint Neuro Inc. | 14,053 | 123 |
* | Applied Molecular Transport Inc. | 18,329 | 120 |
* | CytoSorbents Corp. | 30,865 | 119 |
* | REVOLUTION Medicines Inc. | 6,269 | 119 |
* | Prometheus Biosciences Inc. | 2,724 | 119 |
* | Akebia Therapeutics Inc. | 54,637 | 118 |
* | Fulgent Genetics Inc. | 1,864 | 116 |
* | Athersys Inc. | 128,703 | 115 |
* | Turning Point Therapeutics Inc. | 3,605 | 114 |
* | Durect Corp. | 169,774 | 113 |
* | Sight Sciences Inc. | 6,492 | 113 |
* | Immunovant Inc. | 19,344 | 108 |
*,1 | Erasca Inc. | 8,627 | 107 |
* | DICE Therapeutics Inc. | 5,764 | 107 |
* | Outlook Therapeutics Inc. | 65,232 | 106 |
* | Sientra Inc. | 37,613 | 106 |
* | Akoya Biosciences Inc. | 9,486 | 105 |
*,1 | PROCEPT BioRobotics Corp. | 4,204 | 105 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 10,016 | 103 |
* | Eargo Inc. | 21,407 | 103 |
1 | Zynex Inc. | 15,996 | 101 |
* | SOC Telemed Inc. Class A | 34,096 | 100 |
Shares | Market Value• ($000) | ||
* | IGM Biosciences Inc. | 5,916 | 99 |
* | Epizyme Inc. | 65,894 | 98 |
* | Biomea Fusion Inc. | 15,247 | 98 |
* | Icosavax Inc. | 5,605 | 98 |
* | Enanta Pharmaceuticals Inc. | 1,376 | 97 |
* | Imago Biosciences Inc. | 4,101 | 97 |
* | ChromaDex Corp. | 34,935 | 95 |
* | Vera Therapeutics Inc. | 4,078 | 95 |
* | Janux Therapeutics Inc. | 5,507 | 95 |
* | Sesen Bio Inc. | 148,525 | 94 |
* | Tabula Rasa HealthCare Inc. | 16,565 | 94 |
* | 9 Meters Biopharma Inc. | 167,850 | 92 |
* | Meridian Bioscience Inc. | 3,579 | 91 |
* | Varex Imaging Corp. | 3,845 | 91 |
* | Tarsus Pharmaceuticals Inc. | 5,105 | 90 |
* | Werewolf Therapeutics Inc. | 12,558 | 90 |
* | Bright Health Group Inc. | 26,717 | 89 |
* | Caribou Biosciences Inc. | 8,828 | 88 |
* | Taysha Gene Therapies Inc. | 13,737 | 87 |
* | Forian Inc. | 12,334 | 86 |
* | Paragon 28 Inc. | 5,271 | 86 |
* | Fortress Biotech Inc. | 53,048 | 85 |
* | ChemoCentryx Inc. | 2,699 | 82 |
* | Quotient Ltd. | 58,766 | 82 |
* | Verrica Pharmaceuticals Inc. | 9,674 | 81 |
* | WaVe Life Sciences Ltd. | 33,049 | 81 |
* | Esperion Therapeutics Inc. | 19,466 | 80 |
* | PAVmed Inc. | 52,335 | 80 |
* | iCAD Inc. | 16,416 | 79 |
* | Avidity Biosciences Inc. | 4,666 | 79 |
* | Travere Thrapeutics Inc. | 2,913 | 79 |
* | Shattuck Labs Inc. | 15,772 | 79 |
* | Spectrum Pharmaceuticals Inc. | 113,984 | 78 |
* | Ideaya Biosciences Inc. | 5,752 | 76 |
* | Seelos Therapeutics Inc. | 70,338 | 75 |
* | BioAtla Inc. | 11,111 | 72 |
* | Humanigen Inc. | 35,440 | 72 |
* | Lyell Immunopharma Inc. | 9,956 | 72 |
* | Ampio Pharmaceuticals Inc. | 141,533 | 71 |
* | Innoviva Inc. | 3,698 | 71 |
* | Evelo Biosciences Inc. | 22,733 | 71 |
* | Alpine Immune Sciences Inc. | 8,659 | 71 |
* | Prelude Therapeutics Inc. | 8,090 | 71 |
* | Talaris Therapeutics Inc. | 10,108 | 71 |
* | Accelerate Diagnostics Inc. | 24,719 | 70 |
* | Celcuity Inc. | 6,919 | 70 |
* | Century Therapeutics Inc. | 4,919 | 69 |
*,1 | Monte Rosa Therapeutics Inc. | 4,792 | 69 |
* | TherapeuticsMD Inc. | 286,042 | 68 |
* | Tenaya Therapeutics Inc. | 5,839 | 68 |
* | Innovage Holding Corp. | 13,690 | 67 |
* | Nuvalent Inc. Class A | 4,512 | 67 |
* | Atara Biotherapeutics Inc. | 5,125 | 66 |
* | Molecular Templates Inc. | 27,706 | 65 |
* | Infinity Pharmaceuticals Inc. | 58,982 | 65 |
* | RxSight Inc. | 4,842 | 65 |
* | Cortexyme Inc. | 14,627 | 64 |
* | Magenta Therapeutics Inc. | 19,985 | 63 |
* | Day One Biopharmaceuticals Inc. | 4,605 | 63 |
* | UroGen Pharma Ltd. | 10,269 | 62 |
* | Graphite Bio Inc. | 6,787 | 62 |
*,1 | Retractable Technologies Inc. | 12,917 | 61 |
Shares | Market Value• ($000) | ||
* | KemPharm Inc. | 10,268 | 61 |
* | Tyra Biosciences Inc. | 5,049 | 60 |
* | Aspira Women's Health Inc. | 54,476 | 59 |
* | Doximity Inc. Class A | 966 | 59 |
* | Adagio Therapeutics Inc. | 8,866 | 59 |
* | Greenwich Lifesciences Inc. | 2,989 | 58 |
* | Vincerx Pharma Inc. | 11,505 | 58 |
* | Harpoon Therapeutics Inc. | 13,999 | 57 |
* | Neuronetics Inc. | 16,642 | 56 |
* | Codiak Biosciences Inc. | 11,764 | 56 |
* | Puma Biotechnology Inc. | 23,990 | 55 |
* | Summit Therapeutics Inc. | 19,938 | 55 |
* | Absci Corp. | 5,785 | 54 |
* | Pulse Biosciences Inc. | 10,418 | 53 |
*,1 | Cue Health Inc. | 6,050 | 50 |
* | Ventyx Biosciences Inc. | 4,284 | 50 |
* | MannKind Corp. | 18,891 | 49 |
* | Alpha Teknova Inc. | 2,889 | 49 |
* | Theseus Pharmaceuticals Inc. | 4,740 | 48 |
* | Cogent Biosciences Inc. | 7,924 | 47 |
* | Oncocyte Corp. | 31,758 | 46 |
* | Entrada Therapeutics Inc. | 3,805 | 46 |
* | Rain Therapeutics Inc. | 7,457 | 45 |
* | Lexicon Pharmaceuticals Inc. | 20,236 | 42 |
* | Asensus Surgical Inc. | 53,984 | 42 |
* | Brooklyn ImmunoTherapeutics Inc. | 18,639 | 42 |
* | NeuroPace Inc. | 5,207 | 41 |
* | CVRx Inc. | 4,667 | 41 |
* | Aerovate Therapeutics Inc. | 4,209 | 41 |
* | Aura Biosciences Inc. | 2,271 | 41 |
* | AirSculpt Technologies Inc. | 3,025 | 41 |
*,1 | BeyondSpring Inc. | 16,696 | 40 |
* | Singular Genomics Systems Inc. | 4,858 | 40 |
* | GT Biopharma Inc. | 12,691 | 40 |
* | Olema Pharmaceuticals Inc. | 8,391 | 39 |
* | ImmunityBio Inc. | 5,598 | 38 |
* | Arcutis Biotherapeutics Inc. | 2,068 | 37 |
* | Aligos Therapeutics Inc. | 15,190 | 37 |
* | Ardelyx Inc. | 46,320 | 36 |
* | Omega Therapeutics Inc. | 3,066 | 36 |
* | Xilio Therapeutics Inc. | 3,080 | 36 |
* | Convey Health Solutions Holdings Inc. | 5,901 | 34 |
* | Avalo Therapeutics Inc. | 45,901 | 34 |
* | NGM Biopharmaceuticals Inc. | 2,254 | 33 |
* | Mirum Pharmaceuticals Inc. | 1,401 | 33 |
* | Rallybio Corp. | 2,999 | 33 |
* | Cincor Pharma Inc. | 1,460 | 33 |
* | Codex DNA Inc. | 3,136 | 32 |
* | Athenex Inc. | 38,055 | 31 |
* | UFP Technologies Inc. | 447 | 31 |
* | Angion Biomedica Corp. | 15,575 | 29 |
Utah Medical Products Inc. | 310 | 28 | |
* | Atea Pharmaceuticals Inc. | 4,346 | 28 |
* | Syros Pharmaceuticals Inc. | 20,838 | 27 |
* | Praxis Precision Medicines Inc. | 2,041 | 27 |
* | Clene Inc. | 8,586 | 27 |
* | Kronos Bio Inc. | 3,471 | 26 |
* | 4D Molecular Therapeutics Inc. | 1,889 | 26 |
* | Immuneering Corp. Class A | 3,419 | 26 |
Shares | Market Value• ($000) | ||
* | Eliem Therapeutics Inc. | 2,935 | 26 |
* | Pyxis Oncology Inc. | 4,351 | 26 |
* | Amylyx Pharmaceuticals Inc. | 785 | 26 |
* | ORIC Pharmaceuticals Inc. | 3,018 | 23 |
* | Rapid Micro Biosystems Inc. Class A | 3,276 | 23 |
* | Acumen Pharmaceuticals Inc. | 3,938 | 23 |
* | Acutus Medical Inc. | 13,559 | 22 |
* | Biodesix Inc. | 9,188 | 22 |
* | Terns Pharmaceuticals Inc. | 6,542 | 22 |
* | Personalis Inc. | 2,047 | 21 |
*,1 | Hookipa Pharma Inc. | 8,665 | 21 |
* | Foghorn Therapeutics Inc. | 2,213 | 21 |
* | NexImmune Inc. | 8,486 | 21 |
*,1 | Impel Neuropharma Inc. | 2,915 | 21 |
* | MeiraGTx Holdings plc | 1,381 | 20 |
* | Exagen Inc. | 2,606 | 20 |
* | Cyteir Therapeutics Inc. | 3,505 | 20 |
* | Vigil Neuroscience Inc. | 1,159 | 20 |
* | Fluidigm Corp. | 5,078 | 19 |
* | Trevena Inc. | 41,256 | 19 |
* | Sutro Biopharma Inc. | 2,182 | 19 |
* | Applied Therapeutics Inc. | 9,976 | 19 |
* | Arbutus Biopharma Corp. | 5,980 | 19 |
* | Kaleido Biosciences Inc. | 12,537 | 19 |
* | Cullinan Oncology Inc. | 1,309 | 19 |
* | Reneo Pharmaceuticals Inc. | 4,011 | 19 |
*,2 | Alder Biopharmaceuticals CVR | 20,196 | 18 |
*,1,2 | Tobira Therapeutics Inc. CVR | 3,989 | 18 |
* | IsoPlexis Corp. | 3,674 | 18 |
* | Ontrak Inc. | 6,309 | 17 |
*,1 | Kala Pharmaceuticals Inc. | 24,204 | 16 |
* | Neoleukin Therapeutics Inc. | 6,191 | 16 |
* | Viemed Healthcare Inc. | 4,180 | 16 |
* | Viracta Therapeutics Inc. | 5,931 | 16 |
* | Arcellx Inc. | 823 | 16 |
* | Thorne HealthTech Inc. | 3,301 | 15 |
*,1 | Vor BioPharma Inc. | 1,591 | 14 |
* | Sera Prognostics Inc. Class A | 2,575 | 14 |
* | CorMedix Inc. | 2,671 | 13 |
* | Selecta Biosciences Inc. | 6,681 | 12 |
* | Ikena Oncology Inc. | 1,935 | 12 |
* | Forte Biosciences Inc. | 8,473 | 11 |
* | NantHealth Inc. | 10,993 | 9 |
* | Warby Parker Inc. Class A | 308 | 9 |
* | Lucid Diagnostics Inc. | 2,422 | 9 |
* | Kinnate Biopharma Inc. | 964 | 7 |
* | Atossa Therapeutics Inc. | 6,154 | 7 |
* | XOMA Corp. | 284 | 6 |
* | Landos Biopharma Inc. | 2,918 | 6 |
* | TScan Therapeutics Inc. | 1,433 | 6 |
* | Oyster Point Pharma Inc. | 470 | 5 |
* | Candel Therapeutics Inc. | 1,139 | 5 |
* | In8bio Inc. | 1,087 | 5 |
* | Gemini Therapeutics Inc. | 2,905 | 4 |
* | Portage Biotech Inc. | 526 | 4 |
* | Minerva Surgical Inc. | 807 | 4 |
* | Sonendo Inc. | 749 | 4 |
* | Definitive Healthcare Corp. Class A | 118 | 3 |
*,1 | Vaxxinity Inc. Class A | 594 | 3 |
* | Finch Therapeutics Group Inc. | 258 | 2 |
* | Elevation Oncology Inc. | 686 | 2 |
Shares | Market Value• ($000) | ||
* | MiNK Therapeutics Inc. | 820 | 2 |
*,1,2 | Synergy Pharmaceuticals Inc. | 124,654 | — |
*,2 | Progenics Pharmaceuticals Inc. CVR | 71,640 | — |
* | Sigilon Therapeutics Inc. | 336 | — |
*,2 | Prevail Therapeutics Inc. CVR | 58 | — |
222,746 | |||
Industrials (16.4%) | |||
Tetra Tech Inc. | 39,012 | 6,194 | |
* | Saia Inc. | 19,218 | 5,520 |
* | WillScot Mobile Mini Holdings Corp. | 153,012 | 5,437 |
Simpson Manufacturing Co. Inc. | 31,565 | 3,741 | |
* | ASGN Inc. | 32,913 | 3,646 |
* | AMN Healthcare Services Inc. | 34,156 | 3,625 |
Exponent Inc. | 37,541 | 3,557 | |
Maximus Inc. | 44,444 | 3,505 | |
* | Atkore Inc. | 33,428 | 3,400 |
* | ExlService Holdings Inc. | 23,807 | 2,876 |
Herc Holdings Inc. | 18,034 | 2,870 | |
* | ACI Worldwide Inc. | 85,509 | 2,866 |
Franklin Electric Co. Inc. | 33,581 | 2,840 | |
Applied Industrial Technologies Inc. | 27,830 | 2,814 | |
John Bean Technologies Corp. | 22,733 | 2,577 | |
* | TriNet Group Inc. | 29,292 | 2,557 |
Brink's Co. | 34,858 | 2,442 | |
Insperity Inc. | 26,341 | 2,369 | |
* | Chart Industries Inc. | 15,909 | 2,297 |
* | Bloom Energy Corp. Class A | 102,868 | 2,284 |
* | Welbilt Inc. | 94,531 | 2,235 |
Comfort Systems USA Inc. | 25,776 | 2,216 | |
Badger Meter Inc. | 21,108 | 2,098 | |
Terex Corp. | 49,625 | 2,049 | |
Forward Air Corp. | 19,380 | 2,000 | |
Helios Technologies Inc. | 23,451 | 1,839 | |
* | Beacon Roofing Supply Inc. | 30,187 | 1,802 |
AAON Inc. | 30,317 | 1,775 | |
EVERTEC Inc. | 43,804 | 1,768 | |
* | Verra Mobility Corp. Class A | 104,054 | 1,748 |
Aerojet Rocketdyne Holdings Inc. | 43,168 | 1,673 | |
Installed Building Products Inc. | 17,147 | 1,658 | |
Kadant Inc. | 8,335 | 1,645 | |
* | Masonite International Corp. | 17,241 | 1,626 |
Watts Water Technologies Inc. Class A | 11,138 | 1,603 | |
Federal Signal Corp. | 43,554 | 1,573 | |
* | Dycom Industries Inc. | 17,366 | 1,512 |
Zurn Water Solutions Corp. | 46,395 | 1,509 | |
* | Meritor Inc. | 41,832 | 1,490 |
* | O-I Glass Inc. | 114,220 | 1,460 |
* | Allegheny Technologies Inc. | 56,047 | 1,443 |
Hillenbrand Inc. | 28,962 | 1,382 | |
* | SPX Corp. | 26,383 | 1,338 |
*,1 | Nikola Corp. | 164,990 | 1,303 |
CSW Industrials Inc. | 10,746 | 1,293 | |
* | Itron Inc. | 26,865 | 1,281 |
Patrick Industries Inc. | 16,490 | 1,176 | |
* | AeroVironment Inc. | 16,311 | 1,159 |
* | Vicor Corp. | 15,338 | 1,147 |
Shares | Market Value• ($000) | ||
Kforce Inc. | 14,710 | 1,106 | |
* | Ferro Corp. | 49,322 | 1,072 |
TTEC Holdings Inc. | 13,426 | 1,067 | |
Tennant Co. | 13,346 | 1,051 | |
* | Flywire Corp. | 38,190 | 1,033 |
* | CryoPort Inc. | 29,414 | 1,010 |
Shyft Group Inc. | 24,987 | 1,010 | |
H&E Equipment Services Inc. | 23,360 | 976 | |
McGrath RentCorp. | 11,957 | 972 | |
Lindsay Corp. | 7,103 | 932 | |
Alamo Group Inc. | 6,303 | 877 | |
* | Cornerstone Building Brands Inc. | 39,710 | 877 |
* | Montrose Environmental Group Inc. | 18,984 | 837 |
* | Evo Payments Inc. Class A | 34,438 | 830 |
* | MYR Group Inc. | 8,983 | 806 |
* | Cimpress plc | 12,753 | 803 |
Enerpac Tool Group Corp. Class A | 43,698 | 754 | |
* | WESCO International Inc. | 5,702 | 694 |
Pitney Bowes Inc. | 126,483 | 630 | |
* | JELD-WEN Holding Inc. | 26,166 | 604 |
Douglas Dynamics Inc. | 16,298 | 599 | |
* | BlueLinx Holdings Inc. | 6,666 | 596 |
* | First Advantage Corp. | 36,594 | 591 |
* | Energy Recovery Inc. | 30,266 | 575 |
* | Construction Partners Inc. Class A | 21,184 | 567 |
* | SP Plus Corp. | 16,775 | 501 |
* | Forterra Inc. | 21,083 | 497 |
* | Aspen Aerogels Inc. | 16,089 | 476 |
* | Repay Holdings Corp. Class A | 27,380 | 473 |
HB Fuller Co. | 6,857 | 469 | |
EMCOR Group Inc. | 3,852 | 445 | |
* | Forrester Research Inc. | 8,220 | 427 |
* | Napco Security Technologies Inc. | 20,743 | 423 |
* | PGT Innovations Inc. | 19,654 | 423 |
* | Franklin Covey Co. | 9,093 | 419 |
* | Kratos Defense & Security Solutions Inc. | 19,792 | 414 |
* | I3 Verticals Inc. Class A | 15,329 | 405 |
* | Transcat Inc. | 5,128 | 402 |
* | Paya Holdings Inc. | 61,468 | 396 |
Albany International Corp. Class A | 4,470 | 393 | |
CRA International Inc. | 4,408 | 392 | |
* | International Money Express Inc. | 23,411 | 376 |
* | Desktop Metal Inc. Class A | 87,219 | 363 |
* | Daseke Inc. | 28,864 | 362 |
* | FARO Technologies Inc. | 6,622 | 362 |
* | CIRCOR International Inc. | 13,206 | 356 |
* | Gibraltar Industries Inc. | 6,878 | 332 |
* | Cantaloupe Inc. | 42,507 | 330 |
* | Resideo Technologies Inc. | 12,371 | 318 |
* | BTRS Holdings Inc. Class A | 47,921 | 292 |
Allied Motion Technologies Inc. | 7,792 | 271 | |
*,1 | PureCycle Technologies Inc. | 38,219 | 266 |
* | IES Holdings Inc. | 6,176 | 260 |
*,1 | Danimer Scientific Inc. | 64,928 | 258 |
Heidrick & Struggles International Inc. | 5,997 | 256 | |
* | NV5 Global Inc. | 2,308 | 248 |
Shares | Market Value• ($000) | ||
EnerSys | 3,393 | 247 | |
Werner Enterprises Inc. | 5,231 | 227 | |
SPX FLOW Inc. | 2,498 | 215 | |
* | Willdan Group Inc. | 6,550 | 212 |
* | Velodyne Lidar Inc. | 55,704 | 206 |
Myers Industries Inc. | 12,119 | 201 | |
* | Atlanticus Holdings Corp. | 3,491 | 186 |
* | Proto Labs Inc. | 3,137 | 176 |
Textainer Group Holdings Ltd. | 4,622 | 164 | |
* | Luna Innovations Inc. | 22,736 | 155 |
Greif Inc. Class A | 2,686 | 154 | |
* | ShotSpotter Inc. | 6,005 | 154 |
Luxfer Holdings plc | 8,755 | 153 | |
* | AvidXchange Holdings Inc. | 15,247 | 147 |
* | Lawson Products Inc. | 3,368 | 143 |
Chase Corp. | 1,436 | 132 | |
* | Byrna Technologies Inc. | 13,195 | 132 |
* | Vivint Smart Home Inc. | 18,270 | 131 |
Gorman-Rupp Co. | 3,090 | 115 | |
* | Green Dot Corp. Class A | 4,031 | 115 |
* | Ranpak Holdings Corp. Class A | 4,772 | 115 |
* | Blue Bird Corp. | 5,370 | 114 |
* | Sterling Construction Co. Inc. | 3,852 | 114 |
* | Sterling Check Corp. | 5,262 | 111 |
ESCO Technologies Inc. | 1,584 | 110 | |
* | OSI Systems Inc. | 1,317 | 106 |
* | Iteris Inc. | 31,074 | 102 |
Mueller Water Products Inc. Class A | 7,705 | 98 | |
* | Eos Energy Enterprises Inc. | 31,794 | 92 |
* | CS Disco Inc. | 2,424 | 92 |
* | Hireright Holdings Corp. | 7,077 | 92 |
* | Huron Consulting Group Inc. | 1,783 | 88 |
* | Babcock & Wilcox Enterprises Inc. | 12,304 | 86 |
* | Infrastructure and Energy Alternatives Inc. | 7,942 | 86 |
* | EVI Industries Inc. | 4,109 | 85 |
Universal Logistics Holdings Inc. | 4,367 | 84 | |
* | Custom Truck One Source Inc. | 10,603 | 83 |
*,1 | Remitly Global Inc. | 7,388 | 81 |
* | Cross Country Healthcare Inc. | 3,454 | 77 |
* | Hyliion Holdings Corp. | 16,828 | 73 |
* | Commercial Vehicle Group Inc. | 8,916 | 71 |
* | Rekor Systems Inc. | 14,973 | 71 |
Cass Information Systems Inc. | 1,751 | 69 | |
* | Titan International Inc. | 5,956 | 67 |
* | IBEX Holdings Ltd. | 4,266 | 67 |
Hirequest Inc. | 3,367 | 63 | |
Dorian LPG Ltd. | 4,388 | 60 | |
* | Karat Packaging Inc. | 3,454 | 56 |
Wabash National Corp. | 2,847 | 49 | |
Insteel Industries Inc. | 1,186 | 44 | |
* | GreenBox POS | 12,840 | 44 |
* | Donnelley Financial Solutions Inc. | 1,349 | 43 |
* | Modine Manufacturing Co. | 4,114 | 42 |
REV Group Inc. | 3,000 | 41 | |
* | Target Hospitality Corp. | 12,777 | 40 |
Shares | Market Value• ($000) | ||
* | Priority Technology Holdings Inc. | 7,535 | 40 |
* | AgEagle Aerial Systems Inc. | 31,731 | 37 |
Cadre Holdings Inc. | 1,686 | 37 | |
Kronos Worldwide Inc. | 2,430 | 36 | |
Greif Inc. Class B | 557 | 32 | |
*,1 | Workhorse Group Inc. | 8,682 | 27 |
* | PAM Transportation Services Inc. | 390 | 26 |
* | Atlas Technical Consultants Inc. | 1,978 | 23 |
* | Yellow Corp. | 2,053 | 19 |
Miller Industries Inc. | 513 | 16 | |
United States Lime & Minerals Inc. | 106 | 12 | |
153,078 | |||
Other (0.0%)3 | |||
*,2 | Aduro Biotech Inc. CVR | 9,451 | 6 |
*,1,2 | GTX Inc. CVR | 530 | — |
6 | |||
Real Estate (3.2%) | |||
EastGroup Properties Inc. | 29,274 | 5,584 | |
National Storage Affiliates Trust | 58,751 | 3,423 | |
* | Ryman Hospitality Properties Inc. | 35,735 | 3,149 |
* | Cushman & Wakefield plc | 100,482 | 2,203 |
PS Business Parks Inc. | 12,352 | 1,968 | |
Newmark Group Inc. Class A | 108,141 | 1,912 | |
Innovative Industrial Properties Inc. | 8,995 | 1,695 | |
* | Redfin Corp. | 74,668 | 1,615 |
St. Joe Co. | 24,085 | 1,301 | |
eXp World Holdings Inc. | 45,424 | 1,215 | |
Safehold Inc. | 10,087 | 619 | |
UMH Properties Inc. | 26,407 | 609 | |
Outfront Media Inc. | 21,169 | 565 | |
Universal Health Realty Income Trust | 8,500 | 486 | |
Community Healthcare Trust Inc. | 11,060 | 461 | |
Gladstone Land Corp. | 13,223 | 395 | |
Alexander's Inc. | 1,555 | 394 | |
Saul Centers Inc. | 7,953 | 366 | |
Tanger Factory Outlet Centers Inc. | 20,432 | 341 | |
NexPoint Residential Trust Inc. | 3,096 | 263 | |
Indus Realty Trust Inc. | 3,115 | 237 | |
CatchMark Timber Trust Inc. Class A | 25,095 | 192 | |
Gladstone Commercial Corp. | 7,154 | 152 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 3,087 | 146 | |
* | Marcus & Millichap Inc. | 1,965 | 98 |
Clipper Realty Inc. | 8,083 | 77 | |
* | Forestar Group Inc. | 3,290 | 60 |
* | Fathom Holdings Inc. | 4,463 | 57 |
Phillips Edison & Co. Inc. | 1,684 | 54 | |
* | Douglas Elliman Inc. | 6,870 | 52 |
RMR Group Inc. Class A | 1,132 | 33 | |
Necessity Retail REIT Inc. | 4,298 | 30 | |
* | Rafael Holdings Inc. Class B | 7,293 | 23 |
Shares | Market Value• ($000) | ||
Bridge Investment Group Holdings Inc. Class A | 789 | 17 | |
29,792 | |||
Technology (20.8%) | |||
* | Synaptics Inc. | 28,389 | 6,485 |
* | Lattice Semiconductor Corp. | 98,306 | 6,156 |
* | II-VI Inc. | 71,252 | 4,949 |
KBR Inc. | 89,500 | 4,443 | |
* | Silicon Laboratories Inc. | 28,875 | 4,438 |
* | Rapid7 Inc. | 40,760 | 4,217 |
Power Integrations Inc. | 43,725 | 3,935 | |
CMC Materials Inc. | 20,552 | 3,811 | |
* | Tenable Holdings Inc. | 66,734 | 3,694 |
* | Ambarella Inc. | 25,544 | 3,569 |
* | Mimecast Ltd. | 44,098 | 3,507 |
* | Novanta Inc. | 25,554 | 3,491 |
* | SPS Commerce Inc. | 26,147 | 3,395 |
* | Varonis Systems Inc. Class B | 77,422 | 3,376 |
* | Cargurus Inc. | 69,179 | 3,352 |
* | Workiva Inc. Class A | 31,035 | 3,268 |
* | Rogers Corp. | 11,903 | 3,250 |
* | Semtech Corp. | 46,845 | 3,250 |
* | Digital Turbine Inc. | 65,647 | 3,183 |
* | Ziff Davis Inc. | 31,415 | 3,160 |
* | MaxLinear Inc. | 51,445 | 3,156 |
* | Qualys Inc. | 24,709 | 3,096 |
* | Blackline Inc. | 39,221 | 2,954 |
* | Envestnet Inc. | 36,887 | 2,760 |
* | Sailpoint Technologies Holdings Inc. | 66,141 | 2,736 |
*,1 | MicroStrategy Inc. Class A | 6,128 | 2,715 |
* | Box Inc. Class A | 101,214 | 2,592 |
* | Asana Inc. Class A | 47,315 | 2,592 |
* | Q2 Holdings Inc. | 39,679 | 2,581 |
* | Perficient Inc. | 23,538 | 2,399 |
Advanced Energy Industries Inc. | 27,258 | 2,340 | |
* | SiTime Corp. | 11,529 | 2,330 |
Kulicke & Soffa Industries Inc. | 44,245 | 2,311 | |
* | Fabrinet | 23,021 | 2,305 |
* | Alarm.com Holdings Inc. | 34,295 | 2,258 |
* | Altair Engineering Inc. Class A | 33,475 | 2,223 |
* | Diodes Inc. | 24,414 | 2,187 |
* | Blackbaud Inc. | 34,611 | 2,163 |
* | Upwork Inc. | 85,297 | 2,156 |
* | Sprout Social Inc. Class A | 32,718 | 2,130 |
* | MACOM Technology Solutions Holdings Inc. Class H | 35,206 | 2,116 |
* | CommVault Systems Inc. | 33,111 | 2,083 |
* | DigitalOcean Holdings Inc. | 34,801 | 2,064 |
* | PagerDuty Inc. | 59,417 | 2,010 |
* | FormFactor Inc. | 49,176 | 1,991 |
* | Appian Corp. Class A | 28,459 | 1,735 |
* | Axcelis Technologies Inc. | 24,090 | 1,668 |
* | Yelp Inc. Class A | 47,995 | 1,627 |
* | Appfolio Inc. Class A | 13,832 | 1,565 |
Shutterstock Inc. | 16,919 | 1,532 | |
* | TechTarget Inc. | 18,863 | 1,479 |
* | Ultra Clean Holdings Inc. | 32,242 | 1,477 |
* | Momentive Global Inc. | 93,940 | 1,477 |
* | 3D Systems Corp. | 81,993 | 1,461 |
* | Plexus Corp. | 17,895 | 1,458 |
Progress Software Corp. | 31,895 | 1,406 |
Shares | Market Value• ($000) | ||
* | Magnite Inc. | 94,114 | 1,372 |
* | Zuora Inc. Class A | 80,800 | 1,227 |
* | Schrodinger Inc. | 32,878 | 1,143 |
* | Cerence Inc. | 27,478 | 992 |
* | LivePerson Inc. | 47,509 | 964 |
* | Onto Innovation Inc. | 11,070 | 954 |
* | JFrog Ltd. | 38,385 | 951 |
* | Impinj Inc. | 13,665 | 939 |
* | Cohu Inc. | 29,987 | 935 |
* | PROS Holdings Inc. | 28,822 | 916 |
* | BigCommerce Holdings Inc. Series 1 | 35,236 | 913 |
* | Domo Inc. Class B | 20,326 | 905 |
* | Insight Enterprises Inc. | 8,671 | 902 |
* | Eventbrite Inc. Class A | 55,690 | 841 |
* | Avaya Holdings Corp. | 59,492 | 819 |
* | Avid Technology Inc. | 26,033 | 819 |
* | Unisys Corp. | 37,520 | 802 |
*,1 | PAR Technology Corp. | 18,381 | 771 |
* | Sumo Logic Inc. | 63,148 | 760 |
* | SMART Global Holdings Inc. | 25,484 | 700 |
CSG Systems International Inc. | 11,069 | 683 | |
* | Alpha & Omega Semiconductor Ltd. | 12,689 | 682 |
* | CEVA Inc. | 16,173 | 659 |
* | Consensus Cloud Solutions Inc. | 11,700 | 651 |
* | Yext Inc. | 81,203 | 603 |
Sapiens International Corp. NV | 22,289 | 602 | |
* | Model N Inc. | 23,749 | 584 |
* | Agilysys Inc. | 13,815 | 581 |
* | nLight Inc. | 31,871 | 520 |
A10 Networks Inc. | 35,925 | 512 | |
* | Bandwidth Inc. Class A | 16,661 | 509 |
*,1 | MicroVision Inc. | 118,712 | 476 |
* | Tucows Inc. Class A | 6,979 | 469 |
* | Ichor Holdings Ltd. | 13,285 | 468 |
* | Mitek Systems Inc. | 31,221 | 464 |
* | Diebold Nixdorf Inc. | 52,404 | 456 |
* | Porch Group Inc. | 55,558 | 450 |
Simulations Plus Inc. | 10,943 | 431 | |
* | Grid Dynamics Holdings Inc. | 32,922 | 400 |
American Software Inc. Class A | 17,932 | 394 | |
* | Upland Software Inc. | 20,696 | 390 |
*,1 | Ouster Inc. | 114,594 | 387 |
* | OneSpan Inc. | 25,353 | 349 |
* | Veritone Inc. | 20,661 | 348 |
Amkor Technology Inc. | 15,163 | 344 | |
Hackett Group Inc. | 16,276 | 337 | |
* | Telos Corp. | 28,440 | 325 |
* | Bottomline Technologies DE Inc. | 5,723 | 324 |
* | Groupon Inc. Class A | 14,574 | 317 |
* | Rackspace Technology Inc. | 28,161 | 313 |
* | Alkami Technology Inc. | 18,959 | 299 |
* | Identiv Inc. | 14,228 | 298 |
* | Digimarc Corp. | 9,137 | 275 |
* | ChannelAdvisor Corp. | 15,009 | 269 |
Vishay Intertechnology Inc. | 13,325 | 256 | |
*,1 | Atomera Inc. | 14,801 | 238 |
*,1 | Xometry Inc. Class A | 4,518 | 221 |
* | Brightcove Inc. | 29,014 | 217 |
* | EverQuote Inc. Class A | 14,000 | 208 |
* | Mediaalpha Inc. Class A | 14,135 | 203 |
Shares | Market Value• ($000) | ||
* | Enfusion Inc. Class A | 11,854 | 197 |
* | ON24 Inc. | 12,533 | 196 |
CTS Corp. | 5,082 | 193 | |
* | EngageSmart Inc. | 8,706 | 192 |
NVE Corp. | 3,236 | 185 | |
* | CoreCard Corp. | 5,198 | 167 |
* | Kopin Corp. | 56,668 | 150 |
* | Rimini Street Inc. | 32,091 | 145 |
* | Benefitfocus Inc. | 13,716 | 138 |
* | Intapp Inc. | 5,885 | 136 |
* | MeridianLink Inc. | 6,951 | 136 |
*,1 | EverCommerce Inc. | 9,116 | 109 |
* | Couchbase Inc. | 5,131 | 108 |
* | eGain Corp. | 7,247 | 85 |
* | Viant Technology Inc. Class A | 8,192 | 67 |
* | SkyWater Technology Inc. | 5,355 | 62 |
* | Stronghold Digital Mining Inc. Class A | 3,875 | 49 |
*,1 | 1stdibs.com Inc. | 3,761 | 41 |
* | Informatica Inc. Class A | 1,639 | 33 |
* | Arteris Inc. | 2,207 | 33 |
* | Weave Communications Inc. | 2,517 | 25 |
* | GAN Ltd. | 3,204 | 21 |
* | Kimball Electronics Inc. | 972 | 17 |
* | EMCORE Corp. | 4,106 | 16 |
* | Freshworks Inc. Class A | 686 | 13 |
* | Expensify Inc. Class A | 552 | 11 |
* | Amplitude Inc. Class A | 289 | 6 |
* | NerdWallet Inc. Class A | 480 | 6 |
* | Thoughtworks Holding Inc. | 235 | 5 |
* | UserTesting Inc. | 552 | 5 |
* | Backblaze Inc. Class A | 347 | 4 |
* | Society Pass Inc. | 1,707 | 4 |
* | ForgeRock Inc. Class A | 234 | 3 |
* | Gitlab Inc. Class A | 56 | 3 |
* | Braze Inc. Class A | 55 | 2 |
193,762 | |||
Telecommunications (2.3%) | |||
* | Vonage Holdings Corp. | 174,998 | 3,556 |
* | Iridium Communications Inc. | 64,656 | 2,560 |
* | Viavi Solutions Inc. | 153,704 | 2,521 |
Cogent Communications Holdings Inc. | 30,808 | 1,953 | |
* | Calix Inc. | 33,037 | 1,795 |
* | Infinera Corp. | 132,420 | 1,222 |
* | 8x8 Inc. | 82,155 | 1,065 |
* | Extreme Networks Inc. | 92,267 | 1,060 |
*,1 | fuboTV Inc. | 98,775 | 845 |
InterDigital Inc. | 8,952 | 577 | |
* | Clearfield Inc. | 8,251 | 529 |
*,1 | Globalstar Inc. | 381,577 | 450 |
* | WideOpenWest Inc. | 23,495 | 399 |
* | IDT Corp. Class B | 10,970 | 396 |
* | Plantronics Inc. | 12,626 | 356 |
Shenandoah Telecommunications Co. | 11,852 | 265 | |
* | Akoustis Technologies Inc. | 34,761 | 219 |
* | Cambium Networks Corp. | 7,883 | 219 |
* | Telesat Corp. | 9,300 | 193 |
* | CalAmp Corp. | 25,228 | 178 |
* | Ooma Inc. | 9,388 | 157 |
* | Anterix Inc. | 2,504 | 133 |
* | Harmonic Inc. | 12,286 | 114 |
* | Casa Systems Inc. | 23,397 | 97 |
* | DZS Inc. | 5,350 | 78 |
* | Inseego Corp. | 13,096 | 62 |
ADTRAN Inc. | 2,448 | 50 |
Shares | Market Value• ($000) | ||
* | Gogo Inc. | 3,157 | 45 |
* | Kaltura Inc. | 6,437 | 14 |
* | IHS Holding Ltd. | 1,003 | 11 |
21,119 | |||
Utilities (1.0%) | |||
* | Evoqua Water Technologies Corp. | 83,816 | 3,576 |
* | Casella Waste Systems Inc. Class A | 32,735 | 2,468 |
American States Water Co. | 13,888 | 1,169 | |
Clearway Energy Inc. Class C | 14,913 | 498 | |
Middlesex Water Co. | 4,621 | 462 | |
* | Harsco Corp. | 24,171 | 288 |
York Water Co. | 5,757 | 258 | |
Clearway Energy Inc. Class A | 6,294 | 193 | |
* | Sunnova Energy International Inc. | 9,251 | 186 |
Global Water Resources Inc. | 9,476 | 145 | |
* | Pure Cycle Corp. | 12,044 | 143 |
* | Heritage-Crystal Clean Inc. | 4,518 | 127 |
* | US Ecology Inc. | 2,641 | 125 |
Via Renewables Inc. Class A | 8,165 | 91 | |
Aris Water Solution Inc. Class A | 6,181 | 90 | |
* | Sharps Compliance Corp. | 13,550 | 83 |
* | Cadiz Inc. | 931 | 2 |
9,904 | |||
Total Common Stocks (Cost $897,765) | 933,119 | ||
Face Amount ($000) | |||
Corporate Bonds (0.0%) | |||
4 | GAMCO Investors Inc., 5.000% coupon rate effective 6/15/22 4.000%, 6/15/23 (Cost $9) | 9 | 9 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (2.0%) | |||
Money Market Fund (2.0%) | |||
5,6 | Vanguard Market Liquidity Fund, 0.138% (Cost $18,659) | 186,632 | 18,662 |
Total Investments (102.0%) (Cost $916,433) | 951,790 | ||
Other Assets and Liabilities—Net (-2.0%) | (18,620) | ||
Net Assets (100%) | 933,170 | ||
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 $17,294,000. |
2 | Security value determined using significant unobservable inputs. |
3 | “Other” represents securities that are not classified by the fund’s benchmark index. |
4 | Step bond. |
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 $18,601,000 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 | March 2022 | 2 | 204 | 6 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $897,774) | 933,128 |
Affiliated Issuers (Cost $18,659) | 18,662 |
Total Investments in Securities | 951,790 |
Investment in Vanguard | 31 |
Cash | 224 |
Cash Collateral Pledged—Futures Contracts | 50 |
Receivables for Accrued Income | 230 |
Receivables for Capital Shares Issued | 52 |
Total Assets | 952,377 |
Liabilities | |
Payables for Investment Securities Purchased | 349 |
Collateral for Securities on Loan | 18,601 |
Payables for Capital Shares Redeemed | 212 |
Payables to Vanguard | 43 |
Variation Margin Payable—Futures Contracts | 2 |
Total Liabilities | 19,207 |
Net Assets | 933,170 |
At February 28, 2022, net assets consisted of: | |
Paid-in Capital | 881,706 |
Total Distributable Earnings (Loss) | 51,464 |
Net Assets | 933,170 |
ETF Shares—Net Assets | |
Applicable to 3,425,062 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 635,047 |
Net Asset Value Per Share—ETF Shares | $185.41 |
Institutional Shares—Net Assets | |
Applicable to 843,986 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 298,123 |
Net Asset Value Per Share—Institutional Shares | $353.23 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 3,515 |
Interest2 | 1 |
Securities Lending—Net | 379 |
Total Income | 3,895 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 26 |
Management and Administrative—ETF Shares | 467 |
Management and Administrative—Institutional Shares | 173 |
Marketing and Distribution—ETF Shares | 12 |
Marketing and Distribution—Institutional Shares | 14 |
Custodian Fees | 31 |
Shareholders’ Reports—ETF Shares | 13 |
Shareholders’ Reports—Institutional Shares | 6 |
Trustees’ Fees and Expenses | — |
Other Expenses | 8 |
Total Expenses | 750 |
Net Investment Income | 3,145 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 166,101 |
Futures Contracts | 6 |
Realized Net Gain (Loss) | 166,107 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (366,328) |
Futures Contracts | (27) |
Change in Unrealized Appreciation (Depreciation) | (366,355) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (197,103) |
1 | Dividends are net of foreign withholding taxes of $2,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $1,000, ($3,000), less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $157,200,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 3,145 | 5,841 | |
Realized Net Gain (Loss) | 166,107 | 120,421 | |
Change in Unrealized Appreciation (Depreciation) | (366,355) | 204,030 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (197,103) | 330,292 | |
Distributions | |||
ETF Shares | (2,849) | (2,369) | |
Institutional Shares | (3,060) | (3,418) | |
Total Distributions | (5,909) | (5,787) | |
Capital Share Transactions | |||
ETF Shares | 19,152 | 230,394 | |
Institutional Shares | (369,780) | 61,405 | |
Net Increase (Decrease) from Capital Share Transactions | (350,628) | 291,799 | |
Total Increase (Decrease) | (553,640) | 616,304 | |
Net Assets | |||
Beginning of Period | 1,486,810 | 870,506 | |
End of Period | 933,170 | 1,486,810 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $222.64 | $164.83 | $141.63 | $160.12 | $123.26 | $106.98 |
Investment Operations | ||||||
Net Investment Income1 | .404 | .839 | 1.097 | .971 | .895 | .961 |
Net Realized and Unrealized Gain (Loss) on Investments | (36.775) | 57.852 | 23.237 | (18.527) | 36.791 | 16.455 |
Total from Investment Operations | (36.371) | 58.691 | 24.334 | (17.556) | 37.686 | 17.416 |
Distributions | ||||||
Dividends from Net Investment Income | (.859) | (.881) | (1.134) | (.934) | (.826) | (1.136) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.859) | (.881) | (1.134) | (.934) | (.826) | (1.136) |
Net Asset Value, End of Period | $185.41 | $222.64 | $164.83 | $141.63 | $160.12 | $123.26 |
Total Return | -16.38% | 35.67% | 17.32% | -10.97% | 30.69% | 16.39% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $635 | $735 | $371 | $301 | $328 | $194 |
Ratio of Total Expenses to Average Net Assets | 0.15% | 0.15% | 0.15% | 0.15% | 0.20% | 0.20% |
Ratio of Net Investment Income to Average Net Assets | 0.34% | 0.40% | 0.75% | 0.68% | 0.64% | 0.83% |
Portfolio Turnover Rate2 | 7% | 47% | 38% | 28% | 35% | 34% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $424.16 | $314.01 | $269.76 | $305.04 | $234.80 | $203.79 |
Investment Operations | ||||||
Net Investment Income1 | 1.266 | 1.912 | 2.275 | 2.021 | 2.026 | 2.102 |
Net Realized and Unrealized Gain (Loss) on Investments | (70.424) | 110.162 | 44.269 | (35.267) | 70.080 | 31.338 |
Total from Investment Operations | (69.158) | 112.074 | 46.544 | (33.246) | 72.106 | 33.440 |
Distributions | ||||||
Dividends from Net Investment Income | (1.772) | (1.924) | (2.294) | (2.034) | (1.866) | (2.430) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.772) | (1.924) | (2.294) | (2.034) | (1.866) | (2.430) |
Net Asset Value, End of Period | $353.23 | $424.16 | $314.01 | $269.76 | $305.04 | $234.80 |
Total Return | -16.36% | 35.77% | 17.42% | -10.91% | 30.85% | 16.53% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $298 | $752 | $500 | $472 | $545 | $370 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 0.58% | 0.48% | 0.82% | 0.75% | 0.76% | 0.95% |
Portfolio Turnover Rate2 | 7% | 47% | 38% | 28% | 35% | 34% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 933,077 | — | 42 | 933,119 |
Corporate Bonds | — | 9 | — | 9 |
Temporary Cash Investments | 18,662 | — | — | 18,662 |
Total | 951,739 | 9 | 42 | 951,790 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 6 | — | — | 6 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 919,081 |
Gross Unrealized Appreciation | 208,883 |
Gross Unrealized Depreciation | (176,168) |
Net Unrealized Appreciation (Depreciation) | 32,715 |
E. | During the six months ended February 28, 2022, the fund purchased $121,889,000 of investment securities and sold $474,759,000 of investment securities, other than temporary cash investments. Purchases and sales include $36,068,000 and $376,363,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 396,034 | 1,900 | 399,369 | 1,800 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (376,882) | (1,775) | (168,975) | (750) | |
Net Increase (Decrease)—ETF Shares | 19,152 | 125 | 230,394 | 1,050 | |
Institutional Shares | |||||
Issued | 15,048 | 37 | 170,590 | 475 | |
Issued in Lieu of Cash Distributions | 2,912 | 7 | 3,267 | 9 | |
Redeemed | (387,740) | (973) | (112,452) | (302) | |
Net Increase (Decrease)—Institutional Shares | (369,780) | (929) | 61,405 | 182 |
G. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
All rights reserved.
U.S. Patent Nos. 6,879,964.
Vanguard Marketing Corporation, Distributor.
About Your Fund’s Expenses | 1 |
Financial Statements | 4 |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund‘s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2022 | |||
Beginning Account Value 8/31/2021 | Ending Account Value 2/28/2022 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Russell 3000 Index Fund | |||
ETF Shares | $1,000.00 | $957.10 | $0.49 |
Institutional Shares | 1,000.00 | 957.10 | 0.39 |
Based on Hypothetical 5% Yearly Return | |||
Russell 3000 Index Fund | |||
ETF Shares | $1,000.00 | $1,024.30 | $0.50 |
Institutional Shares | 1,000.00 | 1,024.40 | 0.40 |
Basic Materials | 1.8% |
Consumer Discretionary | 15.3 |
Consumer Staples | 5.1 |
Energy | 3.8 |
Financials | 11.7 |
Health Care | 12.7 |
Industrials | 12.9 |
Real Estate | 3.5 |
Technology | 27.7 |
Telecommunications | 2.7 |
Utilities | 2.8 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.8%) | |||
Basic Materials (1.8%) | |||
Freeport-McMoRan Inc. | 70,020 | 3,287 | |
Newmont Corp. | 38,425 | 2,544 | |
Air Products and Chemicals Inc. | 10,616 | 2,509 | |
Ecolab Inc. | 11,995 | 2,114 | |
Dow Inc. | 35,824 | 2,112 | |
Nucor Corp. | 13,693 | 1,802 | |
International Flavors & Fragrances Inc. | 12,169 | 1,618 | |
Fastenal Co. | 27,500 | 1,415 | |
LyondellBasell Industries NV Class A | 12,632 | 1,228 | |
Albemarle Corp. | 5,542 | 1,086 | |
Mosaic Co. | 17,810 | 934 | |
CF Industries Holdings Inc. | 10,253 | 832 | |
International Paper Co. | 18,462 | 804 | |
Eastman Chemical Co. | 6,416 | 760 | |
Celanese Corp. Class A | 5,225 | 728 | |
FMC Corp. | 6,094 | 715 | |
Avery Dennison Corp. | 3,975 | 700 | |
Alcoa Corp. | 8,916 | 672 | |
Steel Dynamics Inc. | 9,057 | 639 | |
Reliance Steel & Aluminum Co. | 2,964 | 566 | |
* | Cleveland-Cliffs Inc. | 21,796 | 487 |
Huntsman Corp. | 9,938 | 402 | |
Royal Gold Inc. | 3,143 | 381 | |
Olin Corp. | 6,849 | 353 | |
US Steel Corp. | 12,913 | 351 | |
Valvoline Inc. | 8,678 | 281 | |
Southern Copper Corp. | 3,990 | 277 | |
Scotts Miracle-Gro Co. | 1,952 | 273 | |
Element Solutions Inc. | 11,033 | 271 | |
* | RBC Bearings Inc. | 1,294 | 251 |
UFP Industries Inc. | 2,859 | 245 | |
Ashland Global Holdings Inc. | 2,641 | 244 | |
* | Univar Solutions Inc. | 7,875 | 242 |
Hexcel Corp. | 4,078 | 236 | |
Commercial Metals Co. | 5,853 | 226 | |
Avient Corp. | 4,261 | 223 | |
Chemours Co. | 7,946 | 219 | |
Balchem Corp. | 1,555 | 215 | |
Timken Co. | 3,120 | 205 | |
Cabot Corp. | 2,716 | 199 | |
* | Livent Corp. | 7,835 | 185 |
Westlake Corp. | 1,548 | 171 | |
*,1 | MP Materials Corp. | 3,668 | 167 |
Shares | Market Value• ($000) | ||
Sensient Technologies Corp. | 1,991 | 164 | |
* | Arconic Corp. | 5,174 | 159 |
Boise Cascade Co. | 1,885 | 151 | |
Mueller Industries Inc. | 2,642 | 151 | |
Hecla Mining Co. | 25,772 | 148 | |
* | Ingevity Corp. | 1,802 | 123 |
* | Constellium SE Class A | 5,970 | 116 |
Quaker Chemical Corp. | 622 | 115 | |
Minerals Technologies Inc. | 1,603 | 112 | |
Tronox Holdings plc Class A | 5,535 | 112 | |
Stepan Co. | 1,044 | 108 | |
Innospec Inc. | 1,089 | 104 | |
Compass Minerals International Inc. | 1,641 | 96 | |
NewMarket Corp. | 295 | 94 | |
GrafTech International Ltd. | 9,263 | 93 | |
Trinseo plc | 1,746 | 91 | |
Worthington Industries Inc. | 1,576 | 90 | |
* | Novagold Resources Inc. | 12,046 | 84 |
Carpenter Technology Corp. | 2,162 | 83 | |
Materion Corp. | 980 | 82 | |
* | GCP Applied Technologies Inc. | 2,389 | 75 |
* | Kraton Corp. | 1,596 | 74 |
Kaiser Aluminum Corp. | 717 | 69 | |
* | Energy Fuels Inc. | 7,896 | 65 |
Schnitzer Steel Industries Inc. Class A | 1,260 | 61 | |
* | Sylvamo Corp. | 1,667 | 58 |
* | Century Aluminum Co. | 2,257 | 53 |
* | US Silica Holdings Inc. | 3,665 | 53 |
* | Uranium Energy Corp. | 12,843 | 51 |
AdvanSix Inc. | 1,242 | 50 | |
* | Coeur Mining Inc. | 11,162 | 48 |
Schweitzer-Mauduit International Inc. | 1,462 | 46 | |
Orion Engineered Carbons SA | 2,941 | 46 | |
* | Amyris Inc. | 9,264 | 42 |
* | TimkenSteel Corp. | 2,198 | 40 |
Hawkins Inc. | 870 | 39 | |
Neenah Inc. | 852 | 33 | |
Verso Corp. Class A | 1,230 | 33 | |
Glatfelter Corp. | 2,239 | 31 | |
* | Koppers Holdings Inc. | 1,034 | 30 |
Ecovyst Inc. | 2,487 | 27 | |
* | Clearwater Paper Corp. | 861 | 25 |
* | Intrepid Potash Inc. | 437 | 25 |
Omega Flex Inc. | 161 | 23 |
Shares | Market Value• ($000) | ||
* | Meta Materials Inc. | 10,304 | 22 |
Ryerson Holding Corp. | 762 | 20 | |
* | Alto Ingredients Inc. | 3,473 | 20 |
Haynes International Inc. | 528 | 19 | |
* | Rayonier Advanced Materials Inc. | 3,249 | 19 |
American Vanguard Corp. | 1,197 | 18 | |
* | Zymergen Inc. | 4,057 | 16 |
Olympic Steel Inc. | 514 | 14 | |
Tredegar Corp. | 1,211 | 14 | |
* | Unifi Inc. | 686 | 13 |
* | Ur-Energy Inc. | 8,792 | 13 |
* | Northwest Pipe Co. | 399 | 11 |
FutureFuel Corp. | 1,191 | 9 | |
* | Gatos Silver Inc. | 2,187 | 7 |
* | NN Inc. | 1,893 | 5 |
* | Marrone Bio Innovations Inc. | 6,510 | 4 |
* | Polymet Mining Corp. | 1,458 | 4 |
* | Perpetua Resources Corp. | 300 | 1 |
36,771 | |||
Consumer Discretionary (15.3%) | |||
* | Amazon.com Inc. | 20,794 | 63,864 |
* | Tesla Inc. | 38,745 | 33,725 |
Home Depot Inc. | 50,972 | 16,098 | |
* | Walt Disney Co. | 86,982 | 12,913 |
Costco Wholesale Corp. | 21,186 | 11,001 | |
Walmart Inc. | 68,809 | 9,300 | |
McDonald's Corp. | 35,866 | 8,779 | |
* | Netflix Inc. | 20,682 | 8,159 |
NIKE Inc. Class B | 59,385 | 8,109 | |
Lowe's Cos. Inc. | 33,227 | 7,345 | |
Starbucks Corp. | 56,511 | 5,187 | |
Target Corp. | 23,358 | 4,666 | |
* | Booking Holdings Inc. | 1,963 | 4,264 |
TJX Cos. Inc. | 57,701 | 3,814 | |
Ford Motor Co. | 187,371 | 3,290 | |
Estee Lauder Cos. Inc. Class A | 10,926 | 3,238 | |
* | General Motors Co. | 65,795 | 3,074 |
Activision Blizzard Inc. | 36,970 | 3,013 | |
* | Uber Technologies Inc. | 77,055 | 2,776 |
Dollar General Corp. | 11,162 | 2,214 | |
* | Marriott International Inc. Class A | 13,012 | 2,214 |
* | O'Reilly Automotive Inc. | 3,190 | 2,071 |
* | Chipotle Mexican Grill Inc. Class A | 1,342 | 2,044 |
* | Hilton Worldwide Holdings Inc. | 13,115 | 1,952 |
* | AutoZone Inc. | 1,001 | 1,865 |
* | Trade Desk Inc. Class A | 20,702 | 1,766 |
Electronic Arts Inc. | 13,557 | 1,764 | |
* | Lululemon Athletica Inc. | 5,441 | 1,741 |
Yum! Brands Inc. | 14,125 | 1,731 | |
* | Aptiv plc | 12,884 | 1,668 |
eBay Inc. | 29,830 | 1,628 | |
Ross Stores Inc. | 16,678 | 1,524 | |
* | Dollar Tree Inc. | 10,614 | 1,508 |
* | Expedia Group Inc. | 6,916 | 1,356 |
DR Horton Inc. | 15,786 | 1,348 | |
* | Southwest Airlines Co. | 28,203 | 1,235 |
* | Delta Air Lines Inc. | 30,730 | 1,227 |
* | Copart Inc. | 9,943 | 1,222 |
Best Buy Co. Inc. | 11,693 | 1,130 | |
Tractor Supply Co. | 5,392 | 1,099 | |
Yum China Holdings Inc. | 20,439 | 1,063 | |
Lennar Corp. Class A | 11,724 | 1,054 |
Shares | Market Value• ($000) | ||
* | Spotify Technology SA | 6,496 | 1,015 |
* | Ulta Beauty Inc. | 2,550 | 955 |
* | Etsy Inc. | 6,069 | 940 |
Darden Restaurants Inc. | 6,264 | 910 | |
VF Corp. | 15,412 | 894 | |
* | Take-Two Interactive Software Inc. | 5,499 | 891 |
Paramount Global Class B | 28,180 | 863 | |
Pool Corp. | 1,871 | 858 | |
* | CarMax Inc. | 7,807 | 854 |
Omnicom Group Inc. | 10,109 | 848 | |
* | Royal Caribbean Cruises Ltd. | 10,358 | 836 |
MGM Resorts International | 18,686 | 828 | |
* | Caesars Entertainment Inc. | 9,753 | 821 |
* | Carnival Corp. | 40,166 | 817 |
Genuine Parts Co. | 6,691 | 817 | |
Garmin Ltd. | 7,289 | 805 | |
* | Live Nation Entertainment Inc. | 6,549 | 791 |
Domino's Pizza Inc. | 1,732 | 749 | |
* | NVR Inc. | 151 | 749 |
* | Burlington Stores Inc. | 3,176 | 717 |
* | United Airlines Holdings Inc. | 15,602 | 693 |
Interpublic Group of Cos. Inc. | 18,706 | 688 | |
Fox Corp. Class A | 16,116 | 674 | |
* | Las Vegas Sands Corp. | 15,645 | 671 |
Bath & Body Works Inc. | 11,697 | 624 | |
* | Liberty Media Corp.-Liberty Formula One Class C | 10,222 | 621 |
Advance Auto Parts Inc. | 3,016 | 617 | |
LKQ Corp. | 12,890 | 605 | |
PulteGroup Inc. | 11,971 | 594 | |
Hasbro Inc. | 6,099 | 592 | |
Whirlpool Corp. | 2,826 | 569 | |
* | Carvana Co. Class A | 3,744 | 563 |
Tapestry Inc. | 13,485 | 552 | |
* | Lyft Inc. Class A | 13,849 | 539 |
* | American Airlines Group Inc. | 29,841 | 515 |
Williams-Sonoma Inc. | 3,539 | 513 | |
* | Wayfair Inc. Class A | 3,638 | 512 |
Vail Resorts Inc. | 1,910 | 498 | |
Lithia Motors Inc. Class A | 1,405 | 479 | |
* | Capri Holdings Ltd. | 7,000 | 474 |
Service Corp. International | 7,719 | 470 | |
BorgWarner Inc. (XNYS) | 11,380 | 467 | |
* | Floor & Decor Holdings Inc. Class A | 4,857 | 464 |
*,1 | AMC Entertainment Holdings Inc. Class A | 24,620 | 464 |
* | Rivian Automotive Inc. Class A | 6,831 | 462 |
Lear Corp. | 2,859 | 450 | |
* | Zynga Inc. Class A | 48,822 | 443 |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 8,787 | 442 |
* | Wynn Resorts Ltd. | 5,012 | 434 |
Newell Brands Inc. | 18,148 | 431 | |
* | Five Below Inc. | 2,619 | 428 |
Churchill Downs Inc. | 1,738 | 419 | |
* | Discovery Inc. Class C | 14,922 | 417 |
* | Mattel Inc. | 16,652 | 416 |
News Corp. Class A | 18,557 | 414 | |
* | BJ's Wholesale Club Holdings Inc. | 6,489 | 408 |
Aramark | 10,909 | 403 | |
* | Penn National Gaming Inc. | 7,808 | 401 |
Kohl's Corp. | 7,035 | 391 |
Shares | Market Value• ($000) | ||
Macy's Inc. | 15,097 | 391 | |
* | GameStop Corp. Class A | 3,068 | 378 |
Wyndham Hotels & Resorts Inc. | 4,363 | 377 | |
* | Deckers Outdoor Corp. | 1,293 | 373 |
* | Bright Horizons Family Solutions Inc. | 2,844 | 372 |
* | Peloton Interactive Inc. Class A | 12,806 | 372 |
* | SiteOne Landscape Supply Inc. | 2,139 | 369 |
* | Avis Budget Group Inc. | 1,933 | 355 |
Rollins Inc. | 10,828 | 353 | |
* | DraftKings Inc. Class A | 14,895 | 353 |
* | Norwegian Cruise Line Holdings Ltd. | 17,899 | 349 |
Gentex Corp. | 11,390 | 345 | |
Nexstar Media Group Inc. Class A | 1,866 | 345 | |
New York Times Co. Class A | 7,820 | 344 | |
* | RH | 846 | 340 |
* | Planet Fitness Inc. Class A | 3,944 | 334 |
PVH Corp. | 3,363 | 329 | |
Polaris Inc. | 2,704 | 329 | |
* | Alaska Air Group Inc. | 5,796 | 325 |
Marriott Vacations Worldwide Corp. | 1,978 | 318 | |
Texas Roadhouse Inc. Class A | 3,322 | 315 | |
Dick's Sporting Goods Inc. | 2,962 | 311 | |
Harley-Davidson Inc. | 7,271 | 300 | |
Ralph Lauren Corp. Class A | 2,268 | 299 | |
Nielsen Holdings plc | 16,920 | 295 | |
* | Skechers USA Inc. Class A | 6,238 | 287 |
Toll Brothers Inc. | 5,286 | 287 | |
* | Scientific Games Corp. Class A | 4,520 | 284 |
Boyd Gaming Corp. | 3,950 | 280 | |
Tempur Sealy International Inc. | 8,480 | 280 | |
Hanesbrands Inc. | 16,778 | 259 | |
1 | Sirius XM Holdings Inc. | 42,038 | 259 |
* | YETI Holdings Inc. | 4,172 | 257 |
AMERCO | 428 | 247 | |
* | Terminix Global Holdings Inc. | 5,692 | 242 |
Choice Hotels International Inc. | 1,655 | 239 | |
* | IAA Inc. | 6,410 | 236 |
Leggett & Platt Inc. | 6,359 | 236 | |
TEGNA Inc. | 10,315 | 236 | |
Fox Corp. Class B | 6,141 | 235 | |
* | Fox Factory Holding Corp. | 1,991 | 235 |
* | Helen of Troy Ltd. | 1,123 | 231 |
* | Crocs Inc. | 2,744 | 230 |
* | Hyatt Hotels Corp. Class A | 2,352 | 228 |
Thor Industries Inc. | 2,515 | 228 | |
* | JetBlue Airways Corp. | 14,815 | 226 |
Travel + Leisure Co. | 3,972 | 223 | |
* | Discovery Inc. Class A | 7,912 | 222 |
* | AutoNation Inc. | 1,929 | 221 |
* | Chegg Inc. | 6,860 | 215 |
* | Hilton Grand Vacations Inc. | 4,059 | 211 |
* | Asbury Automotive Group Inc. | 1,076 | 209 |
Wingstop Inc. | 1,436 | 209 | |
* | Goodyear Tire & Rubber Co. | 13,374 | 207 |
* | Adient plc | 4,601 | 206 |
Murphy USA Inc. | 1,135 | 205 |
Shares | Market Value• ($000) | ||
H&R Block Inc. | 8,200 | 203 | |
Wendy's Co. | 8,761 | 199 | |
* | Victoria's Secret & Co. | 3,635 | 195 |
* | QuantumScape Corp. Class A | 11,876 | 192 |
Carter's Inc. | 1,938 | 187 | |
* | Under Armour Inc. Class A | 10,480 | 187 |
* | Meritage Homes Corp. | 1,804 | 178 |
Columbia Sportswear Co. | 1,914 | 177 | |
Signet Jewelers Ltd. | 2,516 | 177 | |
* | Skyline Champion Corp. | 2,552 | 172 |
Papa John's International Inc. | 1,605 | 171 | |
* | Taylor Morrison Home Corp. Class A | 5,803 | 171 |
* | SeaWorld Entertainment Inc. | 2,443 | 170 |
* | Sabre Corp. | 15,324 | 167 |
* | Six Flags Entertainment Corp. | 3,791 | 166 |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 3,244 | 163 |
* | Madison Square Garden Sports Corp. | 930 | 161 |
* | Sonos Inc. | 5,843 | 160 |
Steven Madden Ltd. | 3,735 | 159 | |
American Eagle Outfitters Inc. | 7,368 | 155 | |
Lennar Corp. Class B | 2,054 | 155 | |
* | Grand Canyon Education Inc. | 1,775 | 154 |
Group 1 Automotive Inc. | 846 | 154 | |
* | Visteon Corp. | 1,285 | 154 |
* | Coty Inc. Class A | 16,427 | 151 |
KB Home | 3,873 | 150 | |
International Game Technology plc | 4,897 | 150 | |
LCI Industries | 1,200 | 149 | |
* | National Vision Holdings Inc. | 3,968 | 146 |
Gap Inc. | 9,830 | 143 | |
Cracker Barrel Old Country Store Inc. | 1,052 | 141 | |
Red Rock Resorts Inc. Class A | 2,777 | 140 | |
Penske Automotive Group Inc. | 1,413 | 139 | |
Foot Locker Inc. | 4,350 | 138 | |
* | Callaway Golf Co. | 5,549 | 137 |
* | Gentherm Inc. | 1,616 | 137 |
* | Ollie's Bargain Outlet Holdings Inc. | 3,171 | 137 |
* | Leslie's Inc. | 6,410 | 137 |
* | Shake Shack Inc. Class A | 1,818 | 136 |
MillerKnoll Inc. | 3,447 | 134 | |
* | LGI Homes Inc. | 1,057 | 133 |
* | Houghton Mifflin Harcourt Co. | 6,169 | 129 |
* | Under Armour Inc. Class C | 8,231 | 129 |
World Wrestling Entertainment Inc. Class A | 2,166 | 128 | |
* | Allegiant Travel Co. | 728 | 127 |
Kontoor Brands Inc. | 2,567 | 127 | |
Dana Inc. | 6,746 | 126 | |
News Corp. Class B | 5,616 | 126 | |
* | Copa Holdings SA Class A | 1,457 | 124 |
* | Tri Pointe Homes Inc. | 5,494 | 123 |
* | frontdoor Inc. | 4,071 | 122 |
* | Spirit Airlines Inc. | 4,856 | 122 |
* | TripAdvisor Inc. | 4,777 | 122 |
* | Academy Sports & Outdoors Inc. | 3,740 | 121 |
Shares | Market Value• ($000) | ||
* | Boot Barn Holdings Inc. | 1,370 | 119 |
* | Dorman Products Inc. | 1,260 | 118 |
* | Overstock.com Inc. | 2,067 | 118 |
* | Cavco Industries Inc. | 427 | 116 |
* | iHeartMedia Inc. Class A | 5,429 | 116 |
MDC Holdings Inc. | 2,543 | 113 | |
* | Nordstrom Inc. | 5,427 | 113 |
Rush Enterprises Inc. Class A | 2,178 | 113 | |
Graham Holdings Co. Class B | 186 | 112 | |
* | KAR Auction Services Inc. | 5,976 | 110 |
* | Abercrombie & Fitch Co. Class A | 2,770 | 105 |
* | Playtika Holding Corp. | 5,002 | 103 |
Bloomin' Brands Inc. | 4,094 | 101 | |
* | Central Garden & Pet Co. Class A | 2,299 | 101 |
Winnebago Industries Inc. | 1,572 | 101 | |
John Wiley & Sons Inc. Class A | 1,979 | 100 | |
Gray Television Inc. | 4,207 | 99 | |
Qurate Retail Inc. Series A | 18,049 | 99 | |
* | PROG Holdings Inc. | 3,222 | 99 |
* | Vista Outdoor Inc. | 2,699 | 98 |
* | Fisker Inc. | 7,871 | 96 |
* | Cinemark Holdings Inc. | 5,390 | 95 |
* | ODP Corp. | 2,130 | 94 |
Wolverine World Wide Inc. | 4,038 | 93 | |
* | Cheesecake Factory Inc. | 2,140 | 92 |
* | Dave & Buster's Entertainment Inc. | 2,096 | 91 |
* | Knowles Corp. | 4,188 | 91 |
* | Sally Beauty Holdings Inc. | 5,278 | 91 |
* | Brinker International Inc. | 2,125 | 90 |
* | Cardlytics Inc. | 1,545 | 90 |
* | Urban Outfitters Inc. | 3,284 | 90 |
Century Communities Inc. | 1,401 | 89 | |
* | Everi Holdings Inc. | 3,804 | 89 |
Jack in the Box Inc. | 1,026 | 89 | |
Rent-A-Center Inc. | 3,135 | 89 | |
HNI Corp. | 2,152 | 88 | |
* | Madison Square Garden Entertainment Corp. | 1,124 | 88 |
* | Bed Bath & Beyond Inc. | 5,013 | 85 |
* | Revolve Group Inc. | 1,735 | 82 |
Inter Parfums Inc. | 865 | 80 | |
* | Driven Brands Holdings Inc. | 2,728 | 80 |
* | iRobot Corp. | 1,275 | 79 |
* | Lions Gate Entertainment Corp. Class B | 5,474 | 78 |
PriceSmart Inc. | 1,078 | 78 | |
* | Figs Inc. Class A | 4,763 | 78 |
Monro Inc. | 1,645 | 77 | |
* | Coursera Inc. | 3,666 | 75 |
Strategic Education Inc. | 1,237 | 73 | |
Dillard's Inc. Class A | 287 | 72 | |
Oxford Industries Inc. | 801 | 71 | |
* | Malibu Boats Inc. Class A | 1,010 | 70 |
* | Stride Inc. | 2,073 | 70 |
Acushnet Holdings Corp. | 1,581 | 69 | |
* | M/I Homes Inc. | 1,393 | 69 |
* | Sleep Number Corp. | 1,031 | 68 |
Sinclair Broadcast Group Inc. Class A | 2,238 | 67 | |
* | Clear Channel Outdoor Holdings Inc. | 17,596 | 66 |
Dine Brands Global Inc. | 791 | 66 | |
* | SkyWest Inc. | 2,325 | 65 |
Shares | Market Value• ($000) | ||
Camping World Holdings Inc. Class A | 2,073 | 64 | |
* | elf Beauty Inc. | 2,407 | 64 |
* | XPEL Inc. | 869 | 63 |
* | EW Scripps Co. Class A | 2,783 | 62 |
* | Mister Car Wash Inc. | 3,873 | 62 |
La-Z-Boy Inc. | 2,075 | 61 | |
Sturm Ruger & Co. Inc. | 835 | 60 | |
* | G-III Apparel Group Ltd. | 2,140 | 59 |
* | Liberty Media Corp.- Liberty Braves Class C | 2,368 | 58 |
* | Tenneco Inc. Class A | 3,025 | 58 |
* | AMC Networks Inc. Class A | 1,400 | 58 |
Franchise Group Inc. | 1,372 | 58 | |
* | Bally's Corp. | 1,585 | 57 |
Big Lots Inc. | 1,606 | 56 | |
Sonic Automotive Inc. Class A | 1,048 | 56 | |
* | Cars.com Inc. | 3,323 | 54 |
* | Clean Energy Fuels Corp. | 7,399 | 54 |
Buckle Inc. | 1,446 | 52 | |
* | GoPro Inc. Class A | 6,063 | 52 |
Scholastic Corp. | 1,225 | 52 | |
Steelcase Inc. Class A | 4,236 | 52 | |
* | Imax Corp. | 2,497 | 52 |
Arko Corp. | 6,285 | 52 | |
* | Adtalem Global Education Inc. | 2,463 | 51 |
* | American Axle & Manufacturing Holdings Inc. | 5,547 | 51 |
* | Stitch Fix Inc. Class A | 4,082 | 51 |
Laureate Education Inc. Class A | 4,621 | 50 | |
* | Monarch Casino & Resort Inc. | 631 | 49 |
* | Hawaiian Holdings Inc. | 2,519 | 48 |
* | MarineMax Inc. | 1,044 | 48 |
* | Zumiez Inc. | 1,058 | 47 |
* | Genesco Inc. | 720 | 46 |
Standard Motor Products Inc. | 1,056 | 46 | |
* | Petco Health & Wellness Co. Inc. Class A | 2,599 | 46 |
* | Denny's Corp. | 2,833 | 45 |
* | Golden Entertainment Inc. | 797 | 45 |
* | Children's Place Inc. | 694 | 44 |
Guess? Inc. | 2,025 | 44 | |
* | Lions Gate Entertainment Corp. Class A | 2,861 | 44 |
* | Blink Charging Co. | 1,771 | 44 |
* | PowerSchool Holdings Inc. Class A | 2,700 | 43 |
Matthews International Corp. Class A | 1,231 | 41 | |
Ruth's Hospitality Group Inc. | 1,667 | 41 | |
* | Tupperware Brands Corp. | 2,236 | 41 |
Smith & Wesson Brands Inc. | 2,242 | 40 | |
Winmark Corp. | 171 | 39 | |
Carriage Services Inc. Class A | 779 | 38 | |
* | Arlo Technologies Inc. | 3,945 | 37 |
* | Designer Brands Inc. Class A | 2,860 | 37 |
Interface Inc. Class A | 2,828 | 37 | |
Caleres Inc. | 1,733 | 36 | |
* | 2U Inc. | 3,403 | 36 |
* | Accel Entertainment Inc. Class A | 2,731 | 36 |
Shares | Market Value• ($000) | ||
* | Sun Country Airlines Holdings Inc. | 1,331 | 36 |
* | BJ's Restaurants Inc. | 1,093 | 35 |
* | Green Brick Partners Inc. | 1,501 | 35 |
* | Viad Corp. | 1,003 | 35 |
* | Perdoceo Education Corp. | 3,299 | 35 |
Hibbett Inc. | 747 | 34 | |
* | RealReal Inc. | 3,816 | 34 |
* | Gannett Co. Inc. | 6,812 | 34 |
* | Fossil Group Inc. | 2,433 | 33 |
* | Chuy's Holdings Inc. | 978 | 32 |
Movado Group Inc. | 811 | 32 | |
* | Canoo Inc. | 5,624 | 32 |
Aaron's Co. Inc. | 1,460 | 31 | |
* | Boston Omaha Corp. Class A | 1,062 | 30 |
* | QuinStreet Inc. | 2,631 | 30 |
* | Quotient Technology Inc. | 4,462 | 30 |
A-Mark Precious Metals Inc. | 425 | 30 | |
* | Portillo's Inc. Class A | 1,180 | 30 |
* | Life Time Group Holdings Inc. | 1,948 | 30 |
* | America's Car-Mart Inc. | 288 | 28 |
RCI Hospitality Holdings Inc. | 425 | 28 | |
* | Corsair Gaming Inc. | 1,198 | 28 |
* | Latham Group Inc. | 1,609 | 28 |
Clarus Corp. | 1,180 | 27 | |
* | OneSpaWorld Holdings Ltd. | 2,564 | 27 |
* | Chico's FAS Inc. | 5,586 | 26 |
Ethan Allen Interiors Inc. | 1,010 | 26 | |
* | Lindblad Expeditions Holdings Inc. | 1,482 | 26 |
Shoe Carnival Inc. | 889 | 26 | |
* | WW International Inc. | 2,558 | 26 |
* | TravelCenters of America Inc. | 605 | 26 |
* | Rush Street Interactive Inc. | 2,542 | 26 |
* | Lovesac Co. | 595 | 25 |
OneWater Marine Inc. Class A | 498 | 25 | |
* | Hovnanian Enterprises Inc. Class A | 249 | 24 |
* | Master Craft Boat Holdings Inc. | 831 | 24 |
Haverty Furniture Cos. Inc. | 810 | 23 | |
* | Party City Holdco Inc. | 5,358 | 23 |
* | Sportsman's Warehouse Holdings Inc. | 2,021 | 23 |
* | Stagwell Inc. | 3,024 | 23 |
* | Beazer Homes USA Inc. | 1,367 | 22 |
* | Funko Inc. Class A | 1,283 | 22 |
* | Liberty Media Corp.- Liberty Formula One Class A | 384 | 22 |
* | Marcus Corp. | 1,198 | 22 |
* | Frontier Group Holdings Inc. | 1,691 | 22 |
Johnson Outdoors Inc. Class A | 257 | 21 | |
* | LL Flooring Holdings Inc. | 1,283 | 21 |
* | Selectquote Inc. | 6,909 | 21 |
Global Industrial Co. | 653 | 21 | |
* | Daily Journal Corp. | 61 | 20 |
* | Liquidity Services Inc. | 1,174 | 20 |
* | 1-800-Flowers.com Inc. Class A | 1,294 | 20 |
* | Stoneridge Inc. | 1,195 | 20 |
* | Universal Electronics Inc. | 607 | 20 |
* | Bluegreen Vacations Holding Class A | 712 | 20 |
* | Lordstown Motors Corp. Class A | 7,859 | 20 |
Cato Corp. Class A | 1,059 | 19 |
Shares | Market Value• ($000) | ||
Entravision Communications Corp. Class A | 2,974 | 19 | |
* | CarParts.com Inc. | 2,298 | 19 |
* | AMMO Inc. | 4,002 | 19 |
* | American Public Education Inc. | 912 | 18 |
Big 5 Sporting Goods Corp. | 1,010 | 17 | |
* | Century Casinos Inc. | 1,377 | 17 |
* | Conn's Inc. | 928 | 17 |
Del Taco Restaurants Inc. | 1,358 | 17 | |
* | European Wax Center Inc. Class A | 698 | 17 |
* | Citi Trends Inc. | 438 | 16 |
Kimball International Inc. Class B | 1,691 | 16 | |
* | Turtle Beach Corp. | 677 | 16 |
*,1 | Vuzix Corp. | 2,848 | 16 |
* | Purple Innovation Inc. Class A | 2,705 | 16 |
* | Golden Nugget Online Gaming Inc. | 1,863 | 16 |
* | Audacy Inc. Class A | 5,246 | 16 |
* | Integral Ad Science Holding Corp. | 786 | 15 |
* | F45 Training Holdings Inc. | 953 | 15 |
1 | Krispy Kreme Inc. | 1,023 | 15 |
* | Container Store Group Inc. | 1,541 | 14 |
Tilly's Inc. Class A | 1,108 | 14 | |
* | Full House Resorts Inc. | 1,583 | 14 |
* | El Pollo Loco Holdings Inc. | 948 | 13 |
* | Motorcar Parts of America Inc. | 818 | 13 |
* | Noodles & Co. Class A | 1,968 | 13 |
* | Red Robin Gourmet Burgers Inc. | 752 | 13 |
* | Instructure Holdings Inc. | 559 | 13 |
* | Snap One Holdings Corp. | 646 | 13 |
* | Cooper-Standard Holdings Inc. | 910 | 12 |
* | Genius Brands International Inc. | 13,707 | 12 |
* | Lands' End Inc. | 694 | 12 |
* | Alta Equipment Group Inc. | 969 | 12 |
* | NEOGAMES SA | 542 | 12 |
* | ONE Group Hospitality Inc. | 983 | 12 |
* | Duluth Holdings Inc. Class B | 760 | 11 |
* | PlayAGS Inc. | 1,339 | 11 |
Rocky Brands Inc. | 282 | 11 | |
* | Vera Bradley Inc. | 1,433 | 11 |
* | Romeo Power Inc. | 5,878 | 11 |
* | Xponential Fitness Inc. Class A | 519 | 11 |
* | Barnes & Noble Education Inc. | 1,856 | 10 |
* | Eastman Kodak Co. | 2,174 | 10 |
* | Fiesta Restaurant Group Inc. | 999 | 10 |
Hooker Furnishings Corp. | 498 | 10 | |
Superior Group of Cos. Inc. | 500 | 10 | |
* | American Outdoor Brands Inc. | 661 | 10 |
* | Thryv Holdings Inc. | 327 | 10 |
* | Traeger Inc. | 1,061 | 10 |
* | Kirkland's Inc. | 678 | 9 |
* | Kura Sushi USA Inc. Class A | 174 | 9 |
1 | Weber Inc. Class A | 797 | 9 |
* | Udemy Inc. | 679 | 9 |
* | Central Garden & Pet Co. | 171 | 8 |
* | Mesa Air Group Inc. | 1,765 | 8 |
Shares | Market Value• ($000) | ||
National CineMedia Inc. | 2,831 | 8 | |
Bassett Furniture Industries Inc. | 470 | 8 | |
* | VOXX International Corp. Class A | 792 | 8 |
Nathan's Famous Inc. | 141 | 8 | |
Paramount Global Class A | 228 | 8 | |
*,1 | Arcimoto Inc. | 1,329 | 8 |
* | First Watch Restaurant Group Inc. | 541 | 8 |
Escalade Inc. | 523 | 7 | |
Flexsteel Industries Inc. | 337 | 7 | |
* | Liberty TripAdvisor Holdings Inc. Class A | 3,372 | 7 |
Lifetime Brands Inc. | 528 | 7 | |
* | Nautilus Inc. | 1,444 | 7 |
* | Lazydays Holdings Inc. | 370 | 7 |
* | CarLotz Inc. | 3,473 | 7 |
JOANN Inc. | 585 | 7 | |
* | Drive Shack Inc. | 4,173 | 6 |
* | Legacy Housing Corp. | ��� 255 | 6 |
* | Shift Technologies Inc. | 3,014 | 6 |
* | Solo Brands Inc. Class A | 552 | 6 |
* | Biglari Holdings Inc. Class B | 37 | 5 |
NL Industries Inc. | 759 | 5 | |
* | CuriosityStream Inc. | 1,264 | 5 |
* | Stonemor Inc. | 2,084 | 5 |
* | Outbrain Inc. | 411 | 5 |
* | Torrid Holdings Inc. | 617 | 5 |
* | aka Brands Holding Corp. | 601 | 5 |
* | Rent the Runway Inc. Class A | 834 | 5 |
* | Lulu's Fashion Lounge Holdings Inc. | 518 | 5 |
Carrols Restaurant Group Inc. | 1,595 | 4 | |
Hamilton Beach Brands Holding Co. Class A | 282 | 4 | |
Rush Enterprises Inc. Class B | 83 | 4 | |
Marine Products Corp. | 357 | 4 | |
* | Emerald Holding Inc. | 1,078 | 4 |
* | XL Fleet Corp. | 1,936 | 4 |
* | Aterian Inc. | 1,261 | 4 |
* | Esports Technologies Inc. | 512 | 4 |
* | Landsea Homes Corp. | 645 | 4 |
* | Revlon Inc. Class A | 358 | 3 |
* | Chicken Soup For The Soul Entertainment Inc. | 337 | 3 |
* | Hall of Fame Resort & Entertainment Co. | 2,783 | 3 |
* | Eros STX Global Corp. | 855 | 3 |
* | Fluent Inc. | 1,630 | 2 |
* | HyreCar Inc. | 884 | 2 |
* | Dutch Bros Inc. Class A | 50 | 2 |
* | Sweetgreen Inc. Class A | 65 | 2 |
* | Arhaus Inc. | 231 | 2 |
* | Brilliant Earth Group Inc. Class A | 113 | 1 |
320,296 | |||
Consumer Staples (5.1%) | |||
Procter & Gamble Co. | 115,417 | 17,992 | |
Coca-Cola Co. | 186,342 | 11,598 | |
PepsiCo Inc. | 66,362 | 10,866 | |
Philip Morris International Inc. | 74,577 | 7,538 | |
CVS Health Corp. | 63,068 | 6,537 |
Shares | Market Value• ($000) | ||
Altria Group Inc. | 88,718 | 4,550 | |
Mondelez International Inc. Class A | 67,055 | 4,391 | |
Colgate-Palmolive Co. | 40,222 | 3,095 | |
Sysco Corp. | 24,429 | 2,128 | |
Kimberly-Clark Corp. | 16,135 | 2,100 | |
Archer-Daniels-Midland Co. | 26,641 | 2,090 | |
McKesson Corp. | 7,330 | 2,015 | |
General Mills Inc. | 29,202 | 1,969 | |
Corteva Inc. | 34,925 | 1,817 | |
Kroger Co. | 35,181 | 1,646 | |
Constellation Brands Inc. Class A | 7,454 | 1,607 | |
Walgreens Boots Alliance Inc. | 34,246 | 1,578 | |
* | Monster Beverage Corp. | 17,709 | 1,495 |
Hershey Co. | 7,033 | 1,423 | |
Kraft Heinz Co. | 33,236 | 1,304 | |
Keurig Dr Pepper Inc. | 33,213 | 1,284 | |
Tyson Foods Inc. Class A | 13,787 | 1,278 | |
Church & Dwight Co. Inc. | 11,649 | 1,140 | |
McCormick & Co. Inc. | 11,905 | 1,133 | |
AmerisourceBergen Corp. Class A | 7,121 | 1,015 | |
Clorox Co. | 5,784 | 843 | |
Conagra Brands Inc. | 22,344 | 781 | |
Kellogg Co. | 12,100 | 774 | |
Bunge Ltd. | 6,564 | 686 | |
J M Smucker Co. | 5,046 | 680 | |
Hormel Foods Corp. | 13,399 | 638 | |
Brown-Forman Corp. Class B | 9,499 | 620 | |
* | Darling Ingredients Inc. | 7,723 | 560 |
Lamb Weston Holdings Inc. | 6,930 | 460 | |
Molson Coors Beverage Co. Class B | 8,456 | 441 | |
Campbell Soup Co. | 9,317 | 419 | |
* | US Foods Holding Corp | 10,334 | 404 |
* | Performance Food Group Co. | 7,107 | 398 |
Casey's General Stores Inc. | 1,756 | 330 | |
* | Post Holdings Inc. | 2,839 | 299 |
Ingredion Inc. | 3,224 | 286 | |
Flowers Foods Inc. | 9,091 | 249 | |
Albertsons Cos. Inc. Class A | 7,587 | 221 | |
Spectrum Brands Holdings Inc. | 2,044 | 190 | |
* | Freshpet Inc. | 1,906 | 182 |
* | Boston Beer Co. Inc. Class A | 456 | 175 |
Sanderson Farms Inc. | 946 | 169 | |
* | Herbalife Nutrition Ltd. | 4,754 | 169 |
* | Celsius Holdings Inc. | 2,590 | 165 |
* | Hain Celestial Group Inc. | 4,361 | 159 |
* | Simply Good Foods Co. | 3,924 | 156 |
Lancaster Colony Corp. | 891 | 150 | |
* | Sprouts Farmers Market Inc. | 5,264 | 150 |
* | Hostess Brands Inc. Class A | 6,312 | 136 |
*,1 | Beyond Meat Inc. | 2,781 | 130 |
WD-40 Co. | 600 | 127 | |
* | Grocery Outlet Holding Corp. | 4,219 | 117 |
Coca-Cola Consolidated Inc. | 228 | 113 | |
Energizer Holdings Inc. | 3,344 | 112 | |
Nu Skin Enterprises Inc. Class A | 2,381 | 110 | |
* | United Natural Foods Inc. | 2,709 | 109 |
J & J Snack Foods Corp. | 661 | 108 | |
Medifast Inc. | 571 | 106 | |
Primo Water Corp. | 6,568 | 96 | |
Edgewell Personal Care Co. | 2,634 | 94 |
Shares | Market Value• ($000) | ||
B&G Foods Inc. | 3,153 | 93 | |
* | TreeHouse Foods Inc. | 2,305 | 90 |
Cal-Maine Foods Inc. | 2,020 | 89 | |
* | Beauty Health Co. | 4,261 | 83 |
Brown-Forman Corp. Class A | 1,324 | 81 | |
Vector Group Ltd. | 7,143 | 80 | |
Reynolds Consumer Products Inc. | 2,660 | 79 | |
* | Olaplex Holdings Inc. | 4,512 | 76 |
Andersons Inc. | 1,525 | 70 | |
Universal Corp. | 1,152 | 62 | |
* | Pilgrim's Pride Corp. | 2,357 | 56 |
MGP Ingredients Inc. | 689 | 55 | |
Ingles Markets Inc. Class A | 651 | 54 | |
National Beverage Corp. | 1,212 | 53 | |
* | Chefs' Warehouse Inc. | 1,523 | 50 |
* | BellRing Brands Inc. Class A | 1,930 | 49 |
* | USANA Health Sciences Inc. | 533 | 47 |
Seaboard Corp. | 12 | 46 | |
Weis Markets Inc. | 727 | 45 | |
Utz Brands Inc. | 2,930 | 45 | |
SpartanNash Co. | 1,552 | 44 | |
Fresh Del Monte Produce Inc. | 1,637 | 42 | |
* | Hydrofarm Holdings Group Inc. | 2,051 | 42 |
ACCO Brands Corp. | 4,752 | 41 | |
* | Duckhorn Portfolio Inc. | 1,786 | 35 |
Calavo Growers Inc. | 792 | 34 | |
PetMed Express Inc. | 1,026 | 28 | |
*,1 | Tattooed Chef Inc. | 2,273 | 28 |
John B Sanfilippo & Son Inc. | 345 | 27 | |
Tootsie Roll Industries Inc. | 764 | 26 | |
* | Rite Aid Corp. | 2,689 | 25 |
* | GrowGeneration Corp. | 2,934 | 25 |
* | Honest Co. Inc. | 4,232 | 24 |
Turning Point Brands Inc. | 680 | 23 | |
* | Mission Produce Inc. | 1,806 | 23 |
* | PLBY Group Inc. | 1,450 | 23 |
* | Veru Inc. | 3,154 | 18 |
* | Vital Farms Inc. | 1,284 | 18 |
* | 22nd Century Group Inc. | 7,305 | 17 |
* | Whole Earth Brands Inc. | 1,819 | 17 |
* | Sovos Brands Inc. | 1,273 | 15 |
* | Landec Corp. | 1,164 | 13 |
* | Seneca Foods Corp. Class A | 267 | 13 |
Nature's Sunshine Products Inc. | 687 | 12 | |
*,1 | AppHarvest Inc. | 3,250 | 12 |
* | HF Foods Group Inc. | 1,690 | 11 |
Limoneira Co. | 630 | 9 | |
Natural Grocers by Vitamin Cottage Inc. | 516 | 9 | |
* | Vita Coco Co. Inc. | 758 | 9 |
Village Super Market Inc. Class A | 353 | 8 | |
Oil-Dri Corp. of America | 226 | 7 | |
* | NewAge Inc. | 6,726 | 5 |
* | AquaBounty Technologies Inc. | 2,649 | 4 |
* | Zevia PBC Class A | 541 | 3 |
* | Laird Superfood Inc. | 314 | 2 |
* | MedAvail Holdings Inc. | 591 | 1 |
107,697 | |||
Energy (3.8%) | |||
Exxon Mobil Corp. | 202,943 | 15,915 | |
Chevron Corp. | 92,755 | 13,357 |
Shares | Market Value• ($000) | ||
ConocoPhillips | 63,207 | 5,996 | |
EOG Resources Inc. | 27,891 | 3,205 | |
Schlumberger NV | 66,848 | 2,623 | |
Pioneer Natural Resources Co. | 10,334 | 2,476 | |
Marathon Petroleum Corp. | 29,427 | 2,291 | |
Devon Energy Corp. | 32,222 | 1,919 | |
Williams Cos. Inc. | 58,184 | 1,820 | |
Occidental Petroleum Corp. | 40,239 | 1,760 | |
Phillips 66 | 20,872 | 1,758 | |
Valero Energy Corp. | 19,498 | 1,628 | |
Kinder Morgan Inc. | 93,126 | 1,620 | |
Cheniere Energy Inc. | 11,155 | 1,482 | |
Halliburton Co. | 42,266 | 1,417 | |
ONEOK Inc. | 21,124 | 1,379 | |
Hess Corp. | 13,173 | 1,331 | |
Diamondback Energy Inc. | 8,583 | 1,185 | |
* | Enphase Energy Inc. | 6,327 | 1,055 |
Baker Hughes Co. Class A | 35,174 | 1,033 | |
Coterra Energy Inc. | 38,115 | 889 | |
Marathon Oil Corp. | 36,788 | 830 | |
Targa Resources Corp. | 10,757 | 703 | |
* | Plug Power Inc. | 24,458 | 619 |
APA Corp. | 17,194 | 613 | |
Ovintiv Inc. (XNYS) | 12,207 | 560 | |
* | First Solar Inc. | 5,062 | 381 |
Chesapeake Energy Corp. | 4,926 | 381 | |
Texas Pacific Land Corp. | 282 | 335 | |
EQT Corp. | 14,323 | 331 | |
NOV Inc. | 18,615 | 319 | |
* | Antero Resources Corp. | 13,698 | 314 |
PDC Energy Inc. | 4,724 | 305 | |
Matador Resources Co. | 5,339 | 265 | |
* | Range Resources Corp. | 11,510 | 264 |
DTE Midstream LLC | 4,690 | 249 | |
Murphy Oil Corp. | 7,057 | 245 | |
* | Southwestern Energy Co. | 48,657 | 243 |
HollyFrontier Corp. | 7,037 | 214 | |
SM Energy Co. | 5,787 | 205 | |
* | ChampionX Corp. | 9,362 | 200 |
Continental Resources Inc. | 3,209 | 178 | |
* | Denbury Inc. | 2,443 | 177 |
Helmerich & Payne Inc. | 4,707 | 171 | |
California Resources Corp. | 3,884 | 160 | |
* | ChargePoint Holdings Inc. | 10,785 | 157 |
Antero Midstream Corp. | 15,586 | 156 | |
* | CNX Resources Corp. | 9,567 | 156 |
Magnolia Oil & Gas Corp. Class A | 6,674 | 149 | |
Cactus Inc. Class A | 2,749 | 139 | |
* | Renewable Energy Group Inc. | 2,178 | 134 |
Whiting Petroleum Corp. | 1,802 | 133 | |
Oasis Petroleum Inc. | 984 | 130 | |
Equitrans Midstream Corp. | 20,068 | 129 | |
Arcosa Inc. | 2,421 | 127 | |
* | Callon Petroleum Co. | 2,237 | 126 |
Patterson-UTI Energy Inc. | 7,965 | 115 | |
* | Kosmos Energy Ltd. | 22,488 | 109 |
* | FuelCell Energy Inc. | 17,682 | 106 |
Civitas Resources Inc. | 2,104 | 106 | |
* | Ameresco Inc. Class A | 1,477 | 95 |
World Fuel Services Corp. | 3,089 | 88 | |
* | Golar LNG Ltd. | 4,994 | 87 |
Arch Resources Inc. | 680 | 81 | |
* | Green Plains Inc. | 2,409 | 79 |
* | Peabody Energy Corp. | 4,471 | 78 |
Shares | Market Value• ($000) | ||
* | Shoals Technologies Group Inc. Class A | 4,917 | 78 |
* | Centennial Resource Development Inc. Class A | 8,786 | 77 |
* | PBF Energy Inc. Class A | 4,584 | 76 |
* | Tellurian Inc. | 19,065 | 73 |
Warrior Met Coal Inc. | 2,305 | 73 | |
* | Oceaneering International Inc. | 4,832 | 71 |
* | SunPower Corp. | 3,952 | 71 |
* | Array Technologies Inc. | 6,126 | 69 |
* | NexTier Oilfield Solutions Inc. | 8,377 | 67 |
Northern Oil and Gas Inc. | 2,621 | 66 | |
Archrock Inc. | 6,924 | 58 | |
* | Delek US Holdings Inc. | 3,308 | 57 |
* | Liberty Oilfield Services Inc. Class A | 4,352 | 54 |
* | ProPetro Holding Corp. | 4,144 | 53 |
Brigham Minerals Inc. Class A | 2,270 | 52 | |
* | CONSOL Energy Inc. | 1,665 | 51 |
* | NOW Inc. | 5,354 | 50 |
* | Stem Inc. | 5,143 | 49 |
* | Laredo Petroleum Inc. | 609 | 47 |
* | Nabors Industries Ltd. (XNYS) | 348 | 44 |
* | Bristow Group Inc. | 1,276 | 42 |
* | MRC Global Inc. | 3,916 | 40 |
* | Dril-Quip Inc. | 1,354 | 39 |
* | Expro Group Holdings NV | 2,337 | 38 |
* | Comstock Resources Inc. | 4,457 | 37 |
* | Ranger Oil Corp. Class A | 1,065 | 36 |
New Fortress Energy Inc. Class A | 1,294 | 36 | |
Berry Corp. | 3,440 | 34 | |
* | Gevo Inc. | 9,476 | 34 |
SunCoke Energy Inc. | 4,022 | 32 | |
* | Tidewater Inc. | 2,062 | 31 |
* | Par Pacific Holdings Inc. | 2,240 | 30 |
* | RPC Inc. | 3,362 | 29 |
* | Select Energy Services Inc. Class A | 3,511 | 29 |
* | Helix Energy Solutions Group Inc. | 6,960 | 28 |
* | Talos Energy Inc. | 1,786 | 28 |
* | DMC Global Inc. | 902 | 26 |
* | REX American Resources Corp. | 277 | 26 |
* | Fluence Energy Inc. | 1,820 | 25 |
CVR Energy Inc. | 1,300 | 23 | |
* | TPI Composites Inc. | 1,678 | 23 |
* | Crescent Energy Inc. Class A | 1,425 | 22 |
* | Centrus Energy Corp. Class A | 460 | 21 |
* | Aemetis Inc. | 1,528 | 20 |
* | W&T Offshore Inc. | 4,218 | 20 |
* | Earthstone Energy Inc. Class A | 1,450 | 19 |
* | TETRA Technologies Inc. | 5,944 | 19 |
* | National Energy Services Reunited Corp. | 1,924 | 17 |
Solaris Oilfield Infrastructure Inc. Class A | 1,519 | 16 | |
* | Newpark Resources Inc. | 4,046 | 15 |
* | Oil States International Inc. | 2,907 | 15 |
* | American Superconductor Corp. | 1,401 | 12 |
Shares | Market Value• ($000) | ||
* | FTS International Inc. Class A | 448 | 12 |
Kinetik Holdings Inc. | 163 | 11 | |
Falcon Minerals Corp. | 1,756 | 10 | |
HighPeak Energy Inc. | 423 | 9 | |
* | Matrix Service Co. | 1,127 | 8 |
* | Beam Global | 444 | 6 |
* | FTC Solar Inc. | 963 | 5 |
Riley Exploration Permian Inc. | 119 | 4 | |
* | Advent Technologies Holdings Inc. | 876 | 2 |
* | Nabors Industries Ltd. Warrants Exp. 6/11/26 | 126 | 2 |
79,048 | |||
Financials (11.7%) | |||
* | Berkshire Hathaway Inc. Class B | 88,021 | 28,294 |
JPMorgan Chase & Co. | 140,786 | 19,963 | |
Bank of America Corp. | 345,390 | 15,266 | |
Wells Fargo & Co. | 191,713 | 10,232 | |
S&P Global Inc. | 16,616 | 6,243 | |
Charles Schwab Corp. | 72,021 | 6,083 | |
Morgan Stanley | 64,125 | 5,819 | |
Citigroup Inc. | 95,217 | 5,640 | |
Goldman Sachs Group Inc. | 15,614 | 5,329 | |
BlackRock Inc. | 6,848 | 5,094 | |
Chubb Ltd. | 20,554 | 4,186 | |
Blackstone Inc. | 32,566 | 4,151 | |
CME Group Inc. | 17,181 | 4,064 | |
PNC Financial Services Group Inc. | 20,380 | 4,061 | |
Truist Financial Corp. | 64,361 | 4,005 | |
Marsh & McLennan Cos. Inc. | 24,417 | 3,795 | |
US Bancorp | 64,400 | 3,641 | |
Intercontinental Exchange Inc. | 26,710 | 3,422 | |
Aon plc Class A (XNYS) | 10,459 | 3,055 | |
Progressive Corp. | 28,018 | 2,968 | |
Moody's Corp. | 7,773 | 2,503 | |
American International Group Inc. | 39,777 | 2,436 | |
MetLife Inc. | 34,147 | 2,307 | |
Prudential Financial Inc. | 18,158 | 2,028 | |
Travelers Cos. Inc. | 11,777 | 2,024 | |
Bank of New York Mellon Corp. | 36,207 | 1,924 | |
Aflac Inc. | 31,455 | 1,922 | |
MSCI Inc. Class A | 3,820 | 1,916 | |
Discover Financial Services | 13,977 | 1,725 | |
Allstate Corp. | 13,720 | 1,679 | |
* | SVB Financial Group | 2,698 | 1,635 |
Ameriprise Financial Inc. | 5,340 | 1,601 | |
KKR & Co. Inc. | 26,486 | 1,592 | |
Fifth Third Bancorp | 32,621 | 1,561 | |
Arthur J Gallagher & Co. | 9,842 | 1,557 | |
T Rowe Price Group Inc. | 10,744 | 1,553 | |
State Street Corp. | 17,399 | 1,485 | |
First Republic Bank | 8,508 | 1,474 | |
Willis Towers Watson plc | 5,929 | 1,318 | |
Apollo Global Management Inc. | 17,533 | 1,144 | |
Hartford Financial Services Group Inc. | 16,343 | 1,135 | |
KeyCorp | 44,636 | 1,119 | |
M&T Bank Corp. | 6,116 | 1,114 | |
Northern Trust Corp. | 9,774 | 1,113 | |
Regions Financial Corp. | 45,765 | 1,107 |
Shares | Market Value• ($000) | ||
Citizens Financial Group Inc. | 20,270 | 1,063 | |
Huntington Bancshares Inc. | 68,360 | 1,061 | |
Signature Bank | 2,849 | 983 | |
Raymond James Financial Inc. | 8,875 | 973 | |
Nasdaq Inc. | 5,601 | 959 | |
Principal Financial Group Inc. | 12,595 | 890 | |
Cincinnati Financial Corp. | 7,201 | 884 | |
* | Arch Capital Group Ltd. | 17,758 | 837 |
Ally Financial Inc. | 16,666 | 832 | |
Broadridge Financial Solutions Inc. | 5,510 | 806 | |
* | Markel Corp. | 647 | 804 |
Brown & Brown Inc. | 11,113 | 751 | |
FactSet Research Systems Inc. | 1,821 | 739 | |
LPL Financial Holdings Inc. | 3,786 | 685 | |
MarketAxess Holdings Inc. | 1,793 | 684 | |
Loews Corp. | 10,325 | 633 | |
Fidelity National Financial Inc. | 13,109 | 624 | |
W R Berkley Corp. | 6,659 | 601 | |
Cboe Global Markets Inc. | 5,091 | 597 | |
Comerica Inc. | 6,239 | 596 | |
First Horizon Corp. | 25,265 | 593 | |
East West Bancorp Inc. | 6,763 | 592 | |
Lincoln National Corp. | 8,572 | 578 | |
Ares Management Corp. Class A | 6,862 | 556 | |
Equitable Holdings Inc. | 17,024 | 556 | |
Everest Re Group Ltd. | 1,843 | 550 | |
Zions Bancorp NA | 7,320 | 519 | |
Webster Financial Corp. | 8,546 | 515 | |
Globe Life Inc. | 4,852 | 490 | |
Annaly Capital Management Inc. | 67,571 | 470 | |
Assurant Inc. | 2,720 | 462 | |
First Citizens BancShares Inc. Class A | 583 | 460 | |
Western Alliance Bancorp | 4,781 | 448 | |
American Financial Group Inc. | 3,284 | 445 | |
People's United Financial Inc. | 20,337 | 429 | |
Tradeweb Markets Inc. Class A | 5,008 | 423 | |
* | Alleghany Corp. | 635 | 420 |
Franklin Resources Inc. | 13,731 | 408 | |
Commerce Bancshares Inc. | 5,392 | 387 | |
Cullen/Frost Bankers Inc. | 2,709 | 381 | |
Jefferies Financial Group Inc. | 10,538 | 375 | |
Carlyle Group Inc. | 7,854 | 368 | |
Synovus Financial Corp. | 6,820 | 359 | |
Voya Financial Inc. | 5,308 | 357 | |
Pinnacle Financial Partners Inc. | 3,512 | 355 | |
Reinsurance Group of America Inc. | 3,201 | 355 | |
Old Republic International Corp. | 13,374 | 352 | |
Stifel Financial Corp. | 4,784 | 352 | |
Popular Inc. | 3,822 | 351 | |
* | Upstart Holdings Inc. | 2,207 | 349 |
First American Financial Corp. | 5,067 | 340 | |
Invesco Ltd. | 15,821 | 336 | |
Starwood Property Trust Inc. | 13,915 | 332 | |
RenaissanceRe Holdings Ltd. | 2,179 | 329 | |
Prosperity Bancshares Inc. | 4,334 | 323 | |
AGNC Investment Corp. | 24,890 | 321 |
Shares | Market Value• ($000) | ||
Morningstar Inc. | 1,102 | 309 | |
SEI Investments Co. | 5,160 | 302 | |
SouthState Corp. | 3,332 | 300 | |
First Financial Bankshares Inc. | 6,212 | 298 | |
Glacier Bancorp Inc. | 5,266 | 292 | |
Cadence Bank | 8,983 | 284 | |
Bank OZK | 5,889 | 277 | |
OneMain Holdings Inc. | 5,347 | 273 | |
PacWest Bancorp | 5,529 | 273 | |
SLM Corp. | 13,814 | 272 | |
Valley National Bancorp | 19,407 | 271 | |
Wintrust Financial Corp. | 2,730 | 271 | |
Janus Henderson Group plc | 8,066 | 271 | |
Affiliated Managers Group Inc. | 1,920 | 266 | |
Unum Group | 9,523 | 266 | |
Interactive Brokers Group Inc. Class A | 3,880 | 257 | |
Old National Bancorp | 13,989 | 256 | |
New York Community Bancorp Inc. | 21,993 | 254 | |
Houlihan Lokey Inc. Class A | 2,460 | 253 | |
Blackstone Mortgage Trust Inc. Class A | 7,732 | 246 | |
Primerica Inc. | 1,855 | 241 | |
MGIC Investment Corp. | 15,592 | 237 | |
Hanover Insurance Group Inc. | 1,680 | 234 | |
United Bankshares Inc. | 6,253 | 229 | |
Selective Insurance Group Inc. | 2,745 | 228 | |
Evercore Inc. Class A | 1,786 | 227 | |
Hancock Whitney Corp. | 4,084 | 227 | |
Essent Group Ltd. | 5,148 | 227 | |
FNB Corp. | 16,711 | 224 | |
Umpqua Holdings Corp. | 10,334 | 221 | |
* | Credit Acceptance Corp. | 396 | 218 |
New Residential Investment Corp. | 20,932 | 217 | |
Erie Indemnity Co. Class A | 1,224 | 214 | |
UMB Financial Corp. | 2,102 | 214 | |
Kinsale Capital Group Inc. | 988 | 207 | |
ServisFirst Bancshares Inc. | 2,371 | 207 | |
Radian Group Inc. | 8,589 | 205 | |
Assured Guaranty Ltd. | 3,278 | 203 | |
* | Brighthouse Financial Inc. | 3,866 | 202 |
Axis Capital Holdings Ltd. | 3,538 | 193 | |
Community Bank System Inc. | 2,564 | 187 | |
RLI Corp. | 1,841 | 187 | |
BankUnited Inc. | 4,207 | 186 | |
Independent Bank Corp. (XNGS) | 2,136 | 184 | |
Walker & Dunlop Inc. | 1,325 | 183 | |
First Hawaiian Inc. | 6,264 | 182 | |
Investors Bancorp Inc. | 10,789 | 181 | |
United Community Banks Inc. | 4,660 | 180 | |
Eastern Bankshares Inc. | 8,238 | 180 | |
Associated Banc-Corp. | 7,243 | 177 | |
* | Silvergate Capital Corp. Class A | 1,334 | 171 |
Cathay General Bancorp | 3,615 | 170 | |
Pacific Premier Bancorp Inc. | 4,405 | 170 | |
Lazard Ltd. Class A | 4,872 | 168 | |
Home BancShares Inc. | 7,085 | 166 | |
* | Enstar Group Ltd. | 583 | 166 |
Shares | Market Value• ($000) | ||
* | Trupanion Inc. | 1,845 | 165 |
First Interstate BancSystem Inc. Class A | 4,038 | 164 | |
Bank of Hawaii Corp. | 1,893 | 163 | |
Simmons First National Corp. Class A | 5,644 | 161 | |
Kemper Corp. | 2,951 | 158 | |
WSFS Financial Corp. | 3,107 | 158 | |
Ameris Bancorp | 3,129 | 155 | |
* | Texas Capital Bancshares Inc. | 2,295 | 153 |
American Equity Investment Life Holding Co. | 4,035 | 152 | |
BOK Financial Corp. | 1,479 | 152 | |
Virtu Financial Inc. Class A | 4,331 | 152 | |
* | Mr Cooper Group Inc. | 2,930 | 149 |
CVB Financial Corp. | 6,263 | 148 | |
White Mountains Insurance Group Ltd. | 141 | 148 | |
Atlantic Union Bankshares Corp. | 3,607 | 147 | |
* | Focus Financial Partners Inc. Class A | 2,913 | 146 |
First BanCorp. (XNYS) | 10,007 | 141 | |
FirstCash Holdings Inc. | 1,951 | 141 | |
Chimera Investment Corp. | 11,546 | 140 | |
Fulton Financial Corp. | 7,764 | 140 | |
Independent Bank Group Inc. | 1,817 | 140 | |
* | Axos Financial Inc. | 2,527 | 138 |
Moelis & Co. Class A | 2,867 | 138 | |
Federated Hermes Inc. | 4,167 | 136 | |
CNO Financial Group Inc. | 5,570 | 135 | |
Navient Corp. | 7,614 | 134 | |
Hamilton Lane Inc. Class A | 1,617 | 126 | |
Columbia Banking System Inc. | 3,393 | 124 | |
First Merchants Corp. | 2,840 | 124 | |
Arbor Realty Trust Inc. | 6,771 | 122 | |
Piper Sandler Cos. | 814 | 120 | |
Flagstar Bancorp Inc. | 2,585 | 118 | |
*,1 | Marathon Digital Holdings Inc. | 4,549 | 115 |
International Bancshares Corp. | 2,579 | 111 | |
* | Triumph Bancorp Inc. | 1,105 | 111 |
WesBanco Inc. | 3,029 | 111 | |
* | Cannae Holdings Inc. | 4,116 | 110 |
Sandy Spring Bancorp Inc. | 2,244 | 106 | |
* | Open Lending Corp. Class A | 5,042 | 105 |
Washington Federal Inc. | 2,916 | 104 | |
Artisan Partners Asset Management Inc. Class A | 2,696 | 103 | |
First Financial Bancorp | 4,111 | 101 | |
Live Oak Bancshares Inc. | 1,542 | 99 | |
Hope Bancorp Inc. | 5,778 | 98 | |
Hilltop Holdings Inc. | 3,125 | 97 | |
Towne Bank | 3,122 | 97 | |
* | Genworth Financial Inc. Class A | 23,550 | 96 |
* | NMI Holdings Inc. Class A | 4,133 | 96 |
Banner Corp. | 1,515 | 93 | |
Cohen & Steers Inc. | 1,133 | 92 | |
Eagle Bancorp Inc. | 1,534 | 92 | |
Renasant Corp. | 2,531 | 92 | |
Heartland Financial USA Inc. | 1,839 | 91 | |
Trustmark Corp. | 2,886 | 91 | |
* | PRA Group Inc. | 1,987 | 89 |
Park National Corp. | 667 | 89 |
Shares | Market Value• ($000) | ||
PennyMac Financial Services Inc. | 1,545 | 89 | |
Lakeland Financial Corp. | 1,098 | 88 | |
Stewart Information Services Corp. | 1,298 | 88 | |
Bank of NT Butterfield & Son Ltd. | 2,303 | 88 | |
Meta Financial Group Inc. | 1,568 | 87 | |
* | Encore Capital Group Inc. | 1,305 | 86 |
* | LendingClub Corp. | 4,631 | 86 |
Northwest Bancshares Inc. | 6,099 | 86 | |
Veritex Holdings Inc. | 2,119 | 86 | |
* | Customers Bancorp Inc. | 1,379 | 85 |
Horace Mann Educators Corp. | 2,031 | 84 | |
Seacoast Banking Corp. of Florida | 2,262 | 83 | |
Enterprise Financial Services Corp. | 1,665 | 82 | |
Provident Financial Services Inc. | 3,454 | 82 | |
Two Harbors Investment Corp. | 16,232 | 82 | |
Rocket Cos. Inc. Class A | 6,387 | 82 | |
MFA Financial Inc. | 19,677 | 80 | |
NBT Bancorp Inc. | 2,056 | 79 | |
Apollo Commercial Real Estate Finance Inc. | 5,995 | 78 | |
Virtus Investment Partners Inc. | 325 | 78 | |
PJT Partners Inc. Class A | 1,201 | 77 | |
First Commonwealth Financial Corp. | 4,733 | 76 | |
* | Palomar Holdings Inc. | 1,176 | 76 |
iStar Inc. | 2,979 | 75 | |
Mercury General Corp. | 1,365 | 75 | |
Westamerica BanCorp. | 1,268 | 75 | |
BGC Partners Inc. Class A | 16,158 | 74 | |
* | Bancorp Inc. | 2,538 | 74 |
Goosehead Insurance Inc. Class A | 849 | 74 | |
* | Enova International Inc. | 1,771 | 72 |
Berkshire Hills Bancorp Inc. | 2,272 | 71 | |
* | LendingTree Inc. | 591 | 71 |
OFG Bancorp | 2,475 | 70 | |
* | Riot Blockchain Inc. | 4,060 | 70 |
Capitol Federal Financial Inc. | 6,303 | 69 | |
First Busey Corp. | 2,471 | 68 | |
PennyMac Mortgage Investment Trust | 4,385 | 68 | |
FB Financial Corp. | 1,517 | 67 | |
Nelnet Inc. Class A | 829 | 67 | |
* | BRP Group Inc. Class A | 2,405 | 67 |
StepStone Group Inc. Class A | 1,934 | 67 | |
Argo Group International Holdings Ltd. | 1,565 | 66 | |
Brightsphere Investment Group Inc. | 2,754 | 66 | |
American National Group Inc. | 345 | 65 | |
Brookline Bancorp Inc. | 3,732 | 64 | |
National Bank Holdings Corp. Class A | 1,439 | 64 | |
ProAssurance Corp. | 2,644 | 64 | |
CNA Financial Corp. | 1,350 | 62 | |
Southside Bancshares Inc. | 1,477 | 62 | |
* | StoneX Group Inc. | 820 | 62 |
B Riley Financial Inc. | 1,030 | 61 |
Shares | Market Value• ($000) | ||
First Bancorp (XNGS) | 1,352 | 61 | |
S&T Bancorp Inc. | 1,936 | 60 | |
BancFirst Corp. | 757 | 59 | |
OceanFirst Financial Corp. | 2,644 | 59 | |
Broadmark Realty Capital Inc. | 6,870 | 59 | |
Stock Yards Bancorp Inc. | 1,064 | 57 | |
TriCo Bancshares | 1,313 | 57 | |
* | Nicolet Bankshares Inc. | 589 | 56 |
Safety Insurance Group Inc. | 668 | 56 | |
ConnectOne Bancorp Inc. | 1,666 | 55 | |
Federal Agricultural Mortgage Corp. Class C | 445 | 55 | |
Ladder Capital Corp. Class A | 4,801 | 55 | |
Lakeland Bancorp Inc. | 3,023 | 55 | |
New York Mortgage Trust Inc. | 15,758 | 55 | |
Dime Community Bancshares Inc. | 1,624 | 55 | |
City Holding Co. | 679 | 54 | |
HomeStreet Inc. | 1,022 | 53 | |
First Foundation Inc. | 1,935 | 52 | |
Employers Holdings Inc. | 1,306 | 51 | |
Redwood Trust Inc. | 4,891 | 51 | |
Preferred Bank | 632 | 50 | |
* | Metropolitan Bank Holding Corp. | 480 | 49 |
Origin Bancorp Inc. | 1,051 | 49 | |
Premier Financial Corp. | 1,608 | 49 | |
* | Blucora Inc. | 2,398 | 48 |
Ellington Financial Inc. | 2,639 | 47 | |
* | MoneyGram International Inc. | 4,395 | 47 |
Banc of California Inc. | 2,359 | 46 | |
German American Bancorp Inc. | 1,155 | 46 | |
Kearny Financial Corp. | 3,449 | 46 | |
James River Group Holdings Ltd. | 1,739 | 46 | |
State Auto Financial Corp. | 857 | 45 | |
Washington Trust Bancorp Inc. | 831 | 45 | |
Amerant Bancorp Inc. | 1,317 | 43 | |
Heritage Financial Corp. | 1,628 | 43 | |
QCR Holdings Inc. | 766 | 43 | |
* | Lemonade Inc. | 1,694 | 43 |
Horizon Bancorp Inc. | 2,082 | 42 | |
Ready Capital Corp. | 2,797 | 42 | |
Allegiance Bancshares Inc. | 957 | 41 | |
Hanmi Financial Corp. | 1,567 | 41 | |
* | TriState Capital Holdings Inc. | 1,230 | 41 |
Univest Financial Corp. | 1,401 | 41 | |
* | World Acceptance Corp. | 210 | 41 |
* | Columbia Financial Inc. | 1,863 | 40 |
Cowen Inc. Class A | 1,364 | 40 | |
1st Source Corp. | 835 | 40 | |
KKR Real Estate Finance Trust Inc. | 1,849 | 40 | |
TFS Financial Corp. | 2,287 | 39 | |
Peoples Bancorp Inc. | 1,202 | 38 | |
WisdomTree Investments Inc. | 6,755 | 38 | |
* | CrossFirst Bankshares Inc. | 2,348 | 37 |
Central Pacific Financial Corp. | 1,244 | 36 | |
Brightspire Capital Inc. Class A | 4,085 | 36 | |
Byline Bancorp Inc. | 1,272 | 35 | |
First Bancorp Inc. (XNMS) | 984 | 35 | |
Invesco Mortgage Capital Inc. | 15,882 | 35 |
Shares | Market Value• ($000) | ||
* | MBIA Inc. | 2,312 | 35 |
Northfield Bancorp Inc. | 2,211 | 35 | |
AMERISAFE Inc. | 718 | 34 | |
Camden National Corp. | 720 | 34 | |
Flushing Financial Corp. | 1,432 | 34 | |
HarborOne Bancorp Inc. | 2,318 | 34 | |
Heritage Commerce Corp. | 2,837 | 34 | |
* | Atlantic Capital Bancshares Inc. | 1,018 | 33 |
Tompkins Financial Corp. | 415 | 33 | |
ARMOUR Residential REIT Inc. | 3,968 | 32 | |
Community Trust Bancorp Inc. | 760 | 32 | |
First Mid Bancshares Inc. | 808 | 32 | |
Great Southern Bancorp Inc. | 519 | 32 | |
Peapack-Gladstone Financial Corp. | 843 | 32 | |
* | SiriusPoint Ltd. | 4,343 | 32 |
* | Ambac Financial Group Inc. | 2,348 | 30 |
Granite Point Mortgage Trust Inc. | 2,650 | 30 | |
Mercantile Bank Corp. | 805 | 30 | |
Cambridge Bancorp | 331 | 29 | |
TPG RE Finance Trust Inc. | 2,484 | 29 | |
Bank of Marin Bancorp | 799 | 28 | |
First Financial Corp. | 593 | 28 | |
United Fire Group Inc. | 1,022 | 28 | |
TrustCo Bank Corp. NY | 817 | 28 | |
Diamond Hill Investment Group Inc. | 138 | 27 | |
Midland States Bancorp Inc. | 913 | 27 | |
Dynex Capital Inc. | 1,685 | 26 | |
Hingham Institution for Savings | 73 | 26 | |
National Western Life Group Inc. Class A | 124 | 26 | |
Business First Bancshares Inc. | 943 | 25 | |
Farmers National Banc Corp. | 1,480 | 25 | |
CBTX Inc. | 800 | 24 | |
First of Long Island Corp. | 1,104 | 24 | |
Independent Bank Corp. | 1,025 | 24 | |
* | Carter Bankshares Inc. | 1,413 | 24 |
Arrow Financial Corp. | 676 | 23 | |
Bank First Corp. | 331 | 23 | |
First Community Bankshares Inc. | 789 | 23 | |
Orchid Island Capital Inc. | 7,139 | 23 | |
* | Coastal Financial Corp. | 491 | 23 |
Metrocity Bankshares Inc. | 964 | 23 | |
Franklin BSP Realty Trust Inc. REIT | 1,781 | 23 | |
Merchants Bancorp | 759 | 22 | |
Banco Latinoamericano de Comercio Exterior SA Class E | 1,407 | 22 | |
Financial Institutions Inc. | 649 | 21 | |
MidWestOne Financial Group Inc. | 705 | 21 | |
Republic Bancorp Inc. Class A | 456 | 21 | |
Capstar Financial Holdings Inc. | 994 | 21 | |
GCM Grosvenor Inc. Class A | 2,060 | 21 | |
CNB Financial Corp. | 748 | 20 | |
Equity Bancshares Inc. Class A | 644 | 20 |
Shares | Market Value• ($000) | ||
HomeTrust Bancshares Inc. | 656 | 20 | |
West BanCorp. Inc. | 682 | 20 | |
Bar Harbor Bankshares | 656 | 19 | |
Citizens & Northern Corp. | 756 | 19 | |
First Internet Bancorp | 383 | 19 | |
Oppenheimer Holdings Inc. Class A | 448 | 19 | |
SmartFinancial Inc. | 729 | 19 | |
Southern Missouri Bancorp Inc. | 362 | 19 | |
Waterstone Financial Inc. | 989 | 19 | |
* | Southern First Bancshares Inc. | 329 | 19 |
Mid Penn Bancorp Inc. | 692 | 19 | |
UWM Holdings Corp. | 4,357 | 19 | |
Five Star Bancorp | 620 | 19 | |
* | Bridgewater Bancshares Inc. | 1,055 | 18 |
* | eHealth Inc. | 1,174 | 18 |
HCI Group Inc. | 282 | 18 | |
MVB Financial Corp. | 475 | 18 | |
Old Second Bancorp Inc. | 1,294 | 18 | |
Regional Management Corp. | 351 | 18 | |
Sierra Bancorp | 663 | 18 | |
Spirit of Texas Bancshares Inc. | 637 | 18 | |
Alerus Financial Corp. | 612 | 18 | |
Primis Financial Corp. | 1,278 | 18 | |
* | Blue Foundry Bancorp | 1,317 | 18 |
Capital City Bank Group Inc. | 600 | 17 | |
American National Bankshares Inc. | 417 | 16 | |
Enterprise Bancorp Inc. | 391 | 16 | |
* | Oportun Financial Corp. | 951 | 16 |
* | Assetmark Financial Holdings Inc. | 636 | 15 |
Civista Bancshares Inc. | 606 | 15 | |
Universal Insurance Holdings Inc. | 1,309 | 15 | |
Curo Group Holdings Corp. | 1,028 | 14 | |
First Bancorp Inc. (XNGS) | 471 | 14 | |
Great Ajax Corp. | 1,251 | 14 | |
Greenhill & Co. Inc. | 808 | 14 | |
Home Bancorp Inc. | 353 | 14 | |
Northrim BanCorp Inc. | 310 | 14 | |
PCSB Financial Corp. | 778 | 14 | |
Peoples Financial Services Corp. | 300 | 14 | |
Enact Holdings Inc. | 673 | 14 | |
* | EZCorp. Inc. Class A | 2,107 | 13 |
Guaranty Bancshares Inc. | 382 | 13 | |
RBB Bancorp | 534 | 13 | |
Summit Financial Group Inc. | 482 | 13 | |
Tiptree Inc. | 1,054 | 13 | |
Sculptor Capital Management Inc. Class A | 1,045 | 13 | |
South Plains Financial Inc. | 453 | 13 | |
AFC Gamma Inc. | 656 | 13 | |
Blue Ridge Bankshares Inc. | 839 | 13 | |
FS Bancorp Inc. | 360 | 12 | |
Investors Title Co. | 63 | 12 | |
Orrstown Financial Services Inc. | 486 | 12 | |
Macatawa Bank Corp. | 1,351 | 12 | |
Capital Bancorp Inc. | 468 | 12 | |
Provident Bancorp Inc. | 763 | 12 | |
* | Ocwen Financial Corp. | 411 | 12 |
Donegal Group Inc. Class A | 840 | 11 |
Shares | Market Value• ($000) | ||
Fidelity D&D Bancorp Inc. | 224 | 11 | |
* | Republic First Bancorp Inc. | 1,992 | 10 |
Red River Bancshares Inc. | 192 | 10 | |
Amalgamated Financial Corp. | 558 | 10 | |
* | Maiden Holdings Ltd. | 3,520 | 9 |
First Bank | 544 | 8 | |
* | Greenlight Capital Re Ltd. Class A | 1,163 | 8 |
HBT Financial Inc. | 424 | 8 | |
Crawford & Co. Class A | 861 | 7 | |
Heritage Insurance Holdings Inc. | 1,286 | 7 | |
Pzena Investment Management Inc. Class A | 726 | 7 | |
Associated Capital Group Inc. Class A | 145 | 6 | |
Luther Burbank Corp. | 476 | 6 | |
* | GoHealth Inc. Class A | 2,531 | 6 |
* | Trean Insurance Group Inc. | 788 | 6 |
* | MetroMile Inc. | 4,566 | 6 |
GAMCO Investors Inc. Class A | 224 | 5 | |
* | NI Holdings Inc. | 304 | 5 |
* | Pioneer Bancorp Inc. | 500 | 5 |
* | Velocity Financial LLC | 431 | 5 |
* | Finance of America Cos. Inc. Class A | 1,699 | 5 |
* | Third Coast Bancshares Inc. | 218 | 5 |
Angel Oak Mortgage Inc. | 232 | 4 | |
* | TPG Inc. | 102 | 3 |
* | P10 Inc. Class A | 163 | 2 |
246,143 | |||
Health Care (12.6%) | |||
UnitedHealth Group Inc. | 45,083 | 21,454 | |
Johnson & Johnson | 126,282 | 20,782 | |
Pfizer Inc. | 267,351 | 12,549 | |
AbbVie Inc. | 84,615 | 12,504 | |
Thermo Fisher Scientific Inc. | 18,827 | 10,242 | |
Eli Lilly & Co. | 40,588 | 10,145 | |
Abbott Laboratories | 83,255 | 10,042 | |
Merck & Co. Inc. | 121,312 | 9,290 | |
Danaher Corp. | 30,378 | 8,336 | |
Bristol-Myers Squibb Co. | 106,963 | 7,345 | |
Medtronic plc | 64,334 | 6,754 | |
Amgen Inc. | 27,176 | 6,155 | |
Anthem Inc. | 11,720 | 5,296 | |
* | Intuitive Surgical Inc. | 16,955 | 4,923 |
Zoetis Inc. | 22,724 | 4,400 | |
Stryker Corp. | 16,693 | 4,396 | |
Becton Dickinson and Co. | 13,678 | 3,711 | |
Cigna Corp. | 15,560 | 3,700 | |
Gilead Sciences Inc. | 60,019 | 3,625 | |
* | Edwards Lifesciences Corp. | 29,557 | 3,321 |
* | Boston Scientific Corp. | 67,866 | 2,998 |
* | Regeneron Pharmaceuticals Inc. | 4,793 | 2,964 |
HCA Healthcare Inc. | 11,717 | 2,933 | |
* | Vertex Pharmaceuticals Inc. | 12,163 | 2,798 |
Humana Inc. | 6,168 | 2,679 | |
* | Moderna Inc. | 16,186 | 2,486 |
* | Centene Corp. | 27,606 | 2,281 |
* | Illumina Inc. | 6,970 | 2,276 |
* | IDEXX Laboratories Inc. | 4,044 | 2,153 |
* | IQVIA Holdings Inc. | 9,111 | 2,097 |
Baxter International Inc. | 24,092 | 2,047 | |
* | Align Technology Inc. | 3,755 | 1,921 |
* | DexCom Inc. | 4,593 | 1,901 |
Shares | Market Value• ($000) | ||
Agilent Technologies Inc. | 14,506 | 1,891 | |
ResMed Inc. | 6,877 | 1,697 | |
* | Veeva Systems Inc. Class A | 6,479 | 1,484 |
* | Biogen Inc. | 6,962 | 1,469 |
West Pharmaceutical Services Inc. | 3,497 | 1,354 | |
Cerner Corp. | 14,128 | 1,317 | |
Zimmer Biomet Holdings Inc. | 9,935 | 1,264 | |
* | Laboratory Corp. of America Holdings | 4,606 | 1,249 |
PerkinElmer Inc. | 6,008 | 1,079 | |
* | Avantor Inc. | 28,913 | 1,003 |
STERIS plc | 4,092 | 982 | |
Cooper Cos. Inc. | 2,309 | 944 | |
* | Horizon Therapeutics plc | 10,315 | 940 |
* | Alnylam Pharmaceuticals Inc. | 5,664 | 894 |
* | Hologic Inc. | 12,075 | 859 |
* | Molina Healthcare Inc. | 2,743 | 842 |
* | Insulet Corp. | 3,167 | 838 |
* | Catalent Inc. | 8,131 | 830 |
* | Seagen Inc. | 6,281 | 809 |
Bio-Techne Corp. | 1,871 | 785 | |
Quest Diagnostics Inc. | 5,858 | 769 | |
Teleflex Inc. | 2,215 | 745 | |
Cardinal Health Inc. | 13,433 | 726 | |
* | Charles River Laboratories International Inc. | 2,387 | 695 |
* | BioMarin Pharmaceutical Inc. | 8,606 | 672 |
* | ABIOMED Inc. | 2,120 | 659 |
* | Bio-Rad Laboratories Inc. Class A | 1,022 | 640 |
Viatris Inc. | 57,764 | 636 | |
* | Exact Sciences Corp. | 8,007 | 625 |
Royalty Pharma plc Class A | 15,507 | 609 | |
* | Elanco Animal Health Inc. (XNYS) | 21,249 | 604 |
* | Incyte Corp. | 8,714 | 595 |
* | Henry Schein Inc. | 6,683 | 577 |
DENTSPLY SIRONA Inc. | 10,332 | 559 | |
* | Teladoc Health Inc. | 7,189 | 546 |
* | QIAGEN NV | 10,879 | 541 |
* | Repligen Corp. | 2,612 | 514 |
Universal Health Services Inc. Class B | 3,397 | 489 | |
Organon & Co. | 12,029 | 449 | |
* | Tenet Healthcare Corp. | 5,039 | 433 |
* | Jazz Pharmaceuticals plc | 2,903 | 399 |
* | Novocure Ltd. | 4,873 | 399 |
* | Neurocrine Biosciences Inc. | 4,430 | 398 |
* | Syneos Health Inc. | 4,839 | 383 |
* | Masimo Corp. | 2,397 | 377 |
* | Envista Holdings Corp. | 7,646 | 367 |
* | Penumbra Inc. | 1,643 | 364 |
* | DaVita Inc. | 3,196 | 360 |
Bruker Corp. | 4,964 | 349 | |
* | United Therapeutics Corp. | 2,088 | 347 |
Chemed Corp. | 717 | 343 | |
* | Tandem Diabetes Care Inc. | 2,998 | 338 |
* | Intellia Therapeutics Inc. | 3,363 | 332 |
* | 10X Genomics Inc. Class A | 4,022 | 328 |
* | Inspire Medical Systems Inc. | 1,261 | 308 |
* | Biohaven Pharmaceutical Holding Co. Ltd. | 2,581 | 306 |
Encompass Health Corp. | 4,613 | 305 | |
* | Novavax Inc. | 3,595 | 300 |
* | Sarepta Therapeutics Inc. | 3,919 | 300 |
* | Exelixis Inc. | 14,334 | 294 |
Shares | Market Value• ($000) | ||
* | Guardant Health Inc. | 4,370 | 290 |
* | Shockwave Medical Inc. | 1,587 | 281 |
* | Omnicell Inc. | 2,092 | 270 |
* | Arena Pharmaceuticals Inc. | 2,826 | 268 |
* | Globus Medical Inc. Class A | 3,695 | 260 |
* | Natera Inc. | 3,903 | 257 |
* | Amedisys Inc. | 1,570 | 252 |
* | Integra LifeSciences Holdings Corp. | 3,532 | 237 |
* | Acadia Healthcare Co. Inc. | 4,146 | 235 |
Perrigo Co. plc | 6,469 | 230 | |
* | ICU Medical Inc. | 968 | 229 |
* | Halozyme Therapeutics Inc. | 6,427 | 228 |
* | Ionis Pharmaceuticals Inc. | 6,842 | 228 |
* | Arrowhead Pharmaceuticals Inc. | 4,925 | 217 |
* | Ultragenyx Pharmaceutical Inc. | 3,181 | 214 |
* | HealthEquity Inc. | 3,966 | 213 |
* | Intra-Cellular Therapies Inc. | 3,812 | 211 |
* | Medpace Holdings Inc. | 1,367 | 209 |
* | Maravai LifeSciences Holdings Inc. Class A | 5,325 | 208 |
* | LivaNova plc | 2,599 | 205 |
* | LHC Group Inc. | 1,491 | 203 |
Premier Inc. Class A | 5,629 | 202 | |
Ensign Group Inc. | 2,350 | 197 | |
* | Option Care Health Inc. | 7,665 | 197 |
CONMED Corp. | 1,334 | 195 | |
* | Alkermes plc | 7,802 | 194 |
* | Quidel Corp. | 1,806 | 191 |
* | Beam Therapeutics Inc. | 2,420 | 190 |
* | iRhythm Technologies Inc. | 1,439 | 186 |
* | Neogen Corp. | 5,219 | 186 |
* | STAAR Surgical Co. | 2,278 | 181 |
* | Mirati Therapeutics Inc. | 1,995 | 176 |
* | Blueprint Medicines Corp. | 2,849 | 173 |
* | agilon health Inc. | 7,999 | 162 |
* | Lantheus Holdings Inc. | 3,276 | 157 |
* | R1 RCM Inc. | 5,764 | 157 |
Owens & Minor Inc. | 3,505 | 155 | |
* | Merit Medical Systems Inc. | 2,363 | 154 |
* | AtriCure Inc. | 2,200 | 153 |
* | Apellis Pharmaceuticals Inc. | 3,417 | 145 |
* | Arvinas Inc. | 2,230 | 145 |
* | BioCryst Pharmaceuticals Inc. | 8,713 | 145 |
* | ACADIA Pharmaceuticals Inc. | 5,663 | 144 |
* | Denali Therapeutics Inc. | 4,417 | 144 |
* | Inari Medical Inc. | 1,630 | 143 |
* | Haemonetics Corp. | 2,449 | 141 |
* | Pacira BioSciences Inc. | 2,105 | 140 |
* | Cytokinetics Inc. | 3,881 | 137 |
* | Insmed Inc. | 5,717 | 137 |
* | Fate Therapeutics Inc. | 3,947 | 136 |
* | Prestige Consumer Healthcare Inc. | 2,283 | 136 |
* | NuVasive Inc. | 2,491 | 135 |
* | Certara Inc. | 5,046 | 128 |
* | Twist Bioscience Corp. | 2,268 | 127 |
* | Axonics Inc. | 2,218 | 126 |
Select Medical Holdings Corp. | 5,386 | 125 | |
* | Glaukos Corp. | 2,189 | 121 |
Patterson Cos. Inc. | 4,059 | 121 | |
* | Nevro Corp. | 1,680 | 120 |
* | Progyny Inc. | 3,046 | 120 |
Shares | Market Value• ($000) | ||
* | Integer Holdings Corp. | 1,423 | 119 |
* | NeoGenomics Inc. | 5,464 | 117 |
* | PTC Therapeutics Inc. | 3,238 | 114 |
* | Pacific Biosciences of California Inc. | 9,378 | 112 |
* | Karuna Therapeutics Inc. | 1,063 | 112 |
* | Iovance Biotherapeutics Inc. | 7,074 | 111 |
* | Sotera Health Co. | 4,798 | 105 |
* | Amicus Therapeutics Inc. | 12,793 | 104 |
* | Invitae Corp. | 9,647 | 104 |
* | Corcept Therapeutics Inc. | 4,623 | 103 |
* | Ortho Clinical Diagnostics Holdings plc Class H | 5,516 | 98 |
* | Emergent BioSolutions Inc. | 2,313 | 96 |
* | Evolent Health Inc. Class A | 3,585 | 96 |
* | Outset Medical Inc. | 2,192 | 96 |
* | IVERIC bio Inc. | 5,809 | 93 |
* | CareDx Inc. | 2,389 | 92 |
* | Sage Therapeutics Inc. | 2,524 | 92 |
* | Veracyte Inc. | 3,280 | 91 |
* | Vericel Corp. | 2,210 | 91 |
* | Myriad Genetics Inc. | 3,709 | 90 |
* | Surgery Partners Inc. | 1,702 | 89 |
* | Global Blood Therapeutics Inc. | 2,912 | 88 |
* | Nektar Therapeutics Class A | 8,558 | 88 |
* | Zentalis Pharmaceuticals Inc. | 1,766 | 88 |
* | Apollo Medical Holdings Inc. | 1,808 | 87 |
* | Xencor Inc. | 2,785 | 87 |
* | ChemoCentryx Inc. | 2,725 | 83 |
* | MEDNAX Inc. | 3,554 | 83 |
* | Oak Street Health Inc. | 4,735 | 83 |
* | Travere Thrapeutics Inc. | 2,992 | 82 |
*,1 | Cassava Sciences Inc. | 1,892 | 80 |
* | Agios Pharmaceuticals Inc. | 2,551 | 79 |
* | Arcus Biosciences Inc. | 2,125 | 79 |
* | Relay Therapeutics Inc. | 3,295 | 79 |
* | SpringWorks Therapeutics Inc. | 1,379 | 78 |
* | Adaptive Biotechnologies Corp. | 5,349 | 77 |
* | NanoString Technologies Inc. | 2,136 | 76 |
* | Supernus Pharmaceuticals Inc. | 2,388 | 76 |
* | Avanos Medical Inc. | 2,112 | 75 |
* | Ironwood Pharmaceuticals Inc. Class A | 6,844 | 74 |
* | Ligand Pharmaceuticals Inc. | 735 | 74 |
* | Phreesia Inc. | 2,411 | 74 |
* | Health Catalyst Inc. | 2,665 | 72 |
* | Vir Biotechnology Inc. | 2,869 | 72 |
* | Multiplan Corp. | 19,219 | 72 |
* | CorVel Corp. | 438 | 70 |
* | Enanta Pharmaceuticals Inc. | 974 | 69 |
* | Turning Point Therapeutics Inc. | 2,171 | 69 |
* | ModivCare Inc. | 579 | 68 |
* | Fulgent Genetics Inc. | 1,053 | 66 |
* | Prometheus Biosciences Inc. | 1,520 | 66 |
* | Addus HomeCare Corp. | 766 | 65 |
* | Celldex Therapeutics Inc. | 2,163 | 65 |
* | Heska Corp. | 458 | 65 |
* | Kymera Therapeutics Inc. | 1,627 | 65 |
* | Community Health Systems Inc. | 6,032 | 63 |
* | Prothena Corp. plc | 1,829 | 63 |
* | AdaptHealth Corp. Class A | 3,641 | 63 |
Shares | Market Value• ($000) | ||
* | Brookdale Senior Living Inc. | 8,976 | 62 |
* | Zogenix Inc. | 2,361 | 62 |
* | Codexis Inc. | 3,036 | 61 |
* | Recursion Pharmaceuticals Inc. Class A | 5,528 | 61 |
* | Avid Bioservices Inc. | 2,929 | 60 |
* | Silk Road Medical Inc. | 1,627 | 60 |
* | TG Therapeutics Inc. | 6,121 | 60 |
* | 1Life Healthcare Inc. | 5,588 | 60 |
* | Dynavax Technologies Corp. | 4,817 | 59 |
* | Tivity Health Inc. | 2,149 | 59 |
* | Madrigal Pharmaceuticals Inc. | 621 | 58 |
* | Atara Biotherapeutics Inc. | 4,439 | 57 |
US Physical Therapy Inc. | 622 | 57 | |
* | Editas Medicine Inc. Class A | 3,291 | 56 |
Healthcare Services Group Inc. | 3,511 | 56 | |
* | ImmunoGen Inc. | 9,996 | 56 |
* | Krystal Biotech Inc. | 870 | 55 |
* | OPKO Health Inc. | 17,706 | 55 |
* | REVOLUTION Medicines Inc. | 2,883 | 55 |
* | Cerevel Therapeutics Holdings Inc. | 2,066 | 55 |
* | NextGen Healthcare Inc. | 2,768 | 54 |
* | RadNet Inc. | 2,172 | 54 |
Atrion Corp. | 74 | 53 | |
* | REGENXBIO Inc. | 2,035 | 53 |
* | Amphastar Pharmaceuticals Inc. | 1,865 | 52 |
* | FibroGen Inc. | 3,662 | 52 |
* | Meridian Bioscience Inc. | 2,000 | 51 |
* | Quanterix Corp. | 1,499 | 51 |
* | Revance Therapeutics Inc. | 3,660 | 50 |
* | Cerus Corp. | 8,247 | 48 |
* | Protagonist Therapeutics Inc. | 1,990 | 48 |
* | Vaxcyte Inc. | 2,093 | 48 |
* | Crinetics Pharmaceuticals Inc. | 2,334 | 47 |
* | Kura Oncology Inc. | 2,993 | 47 |
LeMaitre Vascular Inc. | 995 | 47 | |
* | Accolade Inc. | 2,599 | 47 |
* | Natus Medical Inc. | 1,664 | 46 |
* | Reata Pharmaceuticals Inc. Class A | 1,420 | 46 |
* | Intersect ENT Inc. | 1,644 | 45 |
* | Castle Biosciences Inc. | 1,035 | 45 |
* | Keros Therapeutics Inc. | 832 | 45 |
* | C4 Therapeutics Inc. | 1,994 | 45 |
* | AngioDynamics Inc. | 1,888 | 44 |
* | Cardiovascular Systems Inc. | 2,084 | 44 |
* | Varex Imaging Corp. | 1,866 | 44 |
* | Harmony Biosciences Holdings Inc. | 1,086 | 43 |
* | CureVac NV | 2,557 | 43 |
* | Signify Health Inc. Class A | 2,976 | 42 |
* | Nuvation Bio Inc. | 8,055 | 41 |
* | Axsome Therapeutics Inc. | 1,409 | 40 |
* | Bridgebio Pharma Inc. | 5,169 | 40 |
* | Catalyst Pharmaceuticals Inc. | 5,093 | 40 |
National HealthCare Corp. | 622 | 40 | |
*,1 | Senseonics Holdings Inc. | 22,263 | 40 |
* | Alector Inc. | 2,529 | 40 |
* | Morphic Holding Inc. | 1,006 | 40 |
* | Coherus Biosciences Inc. | 3,333 | 39 |
* | Innoviva Inc. | 2,029 | 39 |
* | Rocket Pharmaceuticals Inc. | 2,191 | 39 |
Shares | Market Value• ($000) | ||
* | American Well Corp. Class A | 9,326 | 39 |
* | OrthoPediatrics Corp. | 674 | 38 |
* | Alphatec Holdings Inc. | 3,336 | 37 |
* | Anavex Life Sciences Corp. | 3,388 | 37 |
* | OptimizeRx Corp. | 812 | 37 |
* | Sangamo Therapeutics Inc. | 6,302 | 37 |
* | Endo International plc | 11,947 | 37 |
* | Aclaris Therapeutics Inc. | 2,407 | 36 |
* | Artivion Inc. | 1,850 | 36 |
* | Karyopharm Therapeutics Inc. | 3,449 | 36 |
* | iTeos Therapeutics Inc. | 1,005 | 36 |
* | Apria Inc. | 955 | 36 |
* | Sorrento Therapeutics Inc. | 13,977 | 35 |
* | Inovio Pharmaceuticals Inc. | 10,628 | 34 |
* | MannKind Corp. | 13,013 | 34 |
* | SI-BONE Inc. | 1,560 | 34 |
* | Syndax Pharmaceuticals Inc. | 2,182 | 34 |
* | Avidity Biosciences Inc. | 1,989 | 34 |
* | Seer Inc. Class A | 2,187 | 34 |
* | MaxCyte Inc. | 4,851 | 34 |
* | Butterfly Network Inc. | 6,523 | 34 |
* | Alignment Healthcare Inc. | 3,982 | 34 |
* | Hanger Inc. | 1,822 | 33 |
* | Inogen Inc. | 951 | 33 |
* | Bionano Genomics Inc. | 15,446 | 33 |
* | Treace Medical Concepts Inc. | 1,523 | 33 |
* | Cutera Inc. | 838 | 32 |
* | Heron Therapeutics Inc. | 4,520 | 32 |
* | Theravance Biopharma Inc. | 3,159 | 32 |
* | Pulmonx Corp. | 1,233 | 32 |
*,1 | Ocugen Inc. | 9,012 | 32 |
* | Agenus Inc. | 11,393 | 31 |
* | Collegium Pharmaceutical Inc. | 1,601 | 31 |
* | Orthofix Medical Inc. | 898 | 31 |
* | Allogene Therapeutics Inc. | 3,262 | 30 |
* | Surmodics Inc. | 670 | 30 |
* | Vanda Pharmaceuticals Inc. | 2,661 | 30 |
* | Antares Pharma Inc. | 8,272 | 29 |
* | Gossamer Bio Inc. | 3,249 | 29 |
* | MacroGenics Inc. | 3,131 | 29 |
* | ViewRay Inc. | 6,945 | 29 |
* | Vaxart Inc. | 5,801 | 29 |
* | Inhibrx Inc. | 1,356 | 29 |
* | Instil Bio Inc. | 2,743 | 29 |
* | AnaptysBio Inc. | 910 | 28 |
* | HealthStream Inc. | 1,354 | 28 |
* | Sana Biotechnology Inc. | 4,375 | 28 |
* | Eagle Pharmaceuticals Inc. | 569 | 27 |
* | Joint Corp. | 664 | 27 |
* | Seres Therapeutics Inc. | 3,373 | 27 |
* | MiMedx Group Inc. | 5,391 | 27 |
* | Albireo Pharma Inc. | 806 | 27 |
* | Nurix Therapeutics Inc. | 1,659 | 27 |
National Research Corp. | 666 | 26 | |
* | OraSure Technologies Inc. | 3,300 | 26 |
* | Kezar Life Sciences Inc. | 1,767 | 26 |
* | PetIQ Inc. Class A | 1,283 | 25 |
* | Scholar Rock Holding Corp. | 1,464 | 25 |
* | Affimed NV | 5,631 | 25 |
* | Chinook Therapeutics Inc. | 1,986 | 25 |
* | Amneal Pharmaceuticals Inc. | 5,238 | 24 |
* | TransMedics Group Inc. | 1,305 | 24 |
* | Arcturus Therapeutics Holdings Inc. | 986 | 24 |
* | Arcutis Biotherapeutics Inc. | 1,342 | 24 |
Shares | Market Value• ($000) | ||
* | Praxis Precision Medicines Inc. | 1,837 | 24 |
* | Privia Health Group Inc. | 951 | 24 |
* | Verve Therapeutics Inc. | 743 | 24 |
* | Anika Therapeutics Inc. | 704 | 23 |
* | Replimune Group Inc. | 1,416 | 23 |
* | NGM Biopharmaceuticals Inc. | 1,532 | 23 |
* | Edgewise Therapeutics Inc. | 1,971 | 23 |
* | Mind Medicine Mindmed Inc. | 19,000 | 23 |
* | BioDelivery Sciences International Inc. | 3,931 | 22 |
* | Bluebird Bio Inc. | 3,650 | 22 |
* | Cara Therapeutics Inc. | 2,141 | 22 |
Phibro Animal Health Corp. Class A | 1,028 | 22 | |
* | Akero Therapeutics Inc. | 1,249 | 22 |
* | ImmunityBio Inc. | 3,243 | 22 |
* | Chimerix Inc. | 3,642 | 21 |
* | Computer Programs and Systems Inc. | 687 | 21 |
* | ANI Pharmaceuticals Inc. | 550 | 21 |
* | MeiraGTx Holdings plc | 1,440 | 21 |
* | Rapt Therapeutics Inc. | 1,028 | 21 |
* | Ideaya Biosciences Inc. | 1,568 | 21 |
* | LifeStance Health Group Inc. | 2,181 | 21 |
* | G1 Therapeutics Inc. | 1,902 | 20 |
* | Ocular Therapeutix Inc. | 3,657 | 20 |
* | Rigel Pharmaceuticals Inc. | 7,776 | 20 |
* | UFP Technologies Inc. | 293 | 20 |
* | Pennant Group Inc. | 1,245 | 20 |
* | Relmada Therapeutics Inc. | 952 | 20 |
* | PMV Pharmaceuticals Inc. | 1,274 | 20 |
* | Inotiv Inc. | 757 | 20 |
* | Agiliti Inc. | 1,096 | 20 |
* | Intercept Pharmaceuticals Inc. | 1,348 | 19 |
* | Omeros Corp. | 2,666 | 19 |
* | Radius Health Inc. | 2,300 | 19 |
* | Tactile Systems Technology Inc. | 934 | 19 |
* | Sutro Biopharma Inc. | 2,103 | 19 |
* | Forma Therapeutics Holdings Inc. | 1,898 | 19 |
* | Atea Pharmaceuticals Inc. | 2,957 | 19 |
* | 4D Molecular Therapeutics Inc. | 1,418 | 19 |
* | SeaSpine Holdings Corp. | 1,429 | 18 |
Utah Medical Products Inc. | 195 | 18 | |
* | Personalis Inc. | 1,729 | 18 |
* | Stoke Therapeutics Inc. | 927 | 18 |
* | Berkeley Lights Inc. | 2,368 | 18 |
* | Phathom Pharmaceuticals Inc. | 983 | 18 |
* | Design Therapeutics Inc. | 1,362 | 18 |
* | 2seventy bio Inc. | 1,197 | 18 |
* | Accuray Inc. | 4,884 | 17 |
* | Akebia Therapeutics Inc. | 7,712 | 17 |
* | Axogen Inc. | 1,854 | 17 |
* | Provention Bio Inc. | 2,693 | 17 |
* | Vapotherm Inc. | 1,126 | 17 |
* | Cullinan Oncology Inc. | 1,206 | 17 |
* | Oramed Pharmaceuticals Inc. | 1,668 | 17 |
* | Aerie Pharmaceuticals Inc. | 1,911 | 16 |
* | Apyx Medical Corp. | 1,607 | 16 |
* | Geron Corp. (XNGS) | 14,624 | 16 |
* | Rhythm Pharmaceuticals Inc. | 2,137 | 16 |
Shares | Market Value• ($000) | ||
* | ALX Oncology Holdings Inc. | 861 | 16 |
* | 908 Devices Inc. | 933 | 16 |
* | Bioventus Inc. Class A | 1,204 | 16 |
* | KalVista Pharmaceuticals Inc. | 963 | 15 |
* | Mersana Therapeutics Inc. | 3,336 | 15 |
* | Y-mAbs Therapeutics Inc. | 1,697 | 15 |
* | Dermtech Inc. | 1,149 | 15 |
* | BioLife Solutions Inc. | 582 | ��� 14 |
* | Curis Inc. | 4,200 | 14 |
* | Deciphera Pharmaceuticals Inc. | 1,879 | 14 |
* | Evolus Inc. | 1,563 | 14 |
* | Kodiak Sciences Inc. | 1,622 | 14 |
* | SIGA Technologies Inc. | 2,302 | 14 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 1,412 | 14 |
* | Bioxcel Therapeutics Inc. | 738 | 14 |
* | Fulcrum Therapeutics Inc. | 1,317 | 14 |
* | Altimmune Inc. | 1,903 | 14 |
* | Marinus Pharmaceuticals Inc. | 1,792 | 14 |
* | Adicet Bio Inc. | 1,056 | 14 |
* | Athira Pharma Inc. | 1,570 | 14 |
* | Kronos Bio Inc. | 1,885 | 14 |
* | Vera Therapeutics Inc. | 590 | 14 |
* | Fluidigm Corp. | 3,454 | 13 |
iRadimed Corp. | 262 | 13 | |
* | Organogenesis Holdings Inc. Class A | 1,736 | 13 |
* | VBI Vaccines Inc. | 8,649 | 13 |
* | Allovir Inc. | 1,484 | 13 |
* | Dyne Therapeutics Inc. | 1,518 | 13 |
* | VistaGen Therapeutics Inc. | 9,268 | 13 |
* | Definitive Healthcare Corp. Class A | 576 | 13 |
* | DICE Therapeutics Inc. | 712 | 13 |
* | CytomX Therapeutics Inc. | 3,145 | 12 |
* | Jounce Therapeutics Inc. | 1,596 | 12 |
* | MEI Pharma Inc. | 5,371 | 12 |
* | Precision BioSciences Inc. | 2,839 | 12 |
* | Arbutus Biopharma Corp. | 3,763 | 12 |
* | InfuSystem Holdings Inc. | 1,038 | 12 |
*,1 | Erasca Inc. | 961 | 12 |
* | Rubius Therapeutics Inc. | 2,186 | 11 |
* | Spero Therapeutics Inc. | 1,169 | 11 |
* | Avita Medical Inc. | 1,158 | 11 |
* | Generation Bio Co. | 2,101 | 11 |
* | ORIC Pharmaceuticals Inc. | 1,425 | 11 |
* | Pliant Therapeutics Inc. | 1,180 | 11 |
* | Cogent Biosciences Inc. | 1,802 | 11 |
* | EyePoint Pharmaceuticals Inc. | 1,066 | 11 |
* | Janux Therapeutics Inc. | 614 | 11 |
* | Icosavax Inc. | 626 | 11 |
* | Imago Biosciences Inc. | 472 | 11 |
* | Aldeyra Therapeutics Inc. | 2,354 | 10 |
* | Allakos Inc. | 1,781 | 10 |
* | CEL–SCI Corp. | 1,764 | 10 |
* | Clovis Oncology Inc. | 4,799 | 10 |
* | CorMedix Inc. | 2,097 | 10 |
* | Gritstone bio Inc. | 1,956 | 10 |
* | Harvard Bioscience Inc. | 1,875 | 10 |
* | Verastem Inc. | 8,096 | 10 |
* | Viking Therapeutics Inc. | 2,877 | 10 |
* | Alaunos Therapeutics Inc. | 10,063 | 10 |
* | Stereotaxis Inc. | 2,150 | 10 |
* | Precigen Inc. | 4,601 | 10 |
* | Immunovant Inc. | 1,845 | 10 |
Shares | Market Value• ($000) | ||
* | Akoya Biosciences Inc. | 865 | 10 |
* | Werewolf Therapeutics Inc. | 1,374 | 10 |
* | Aveanna Healthcare Holdings Inc. | 1,874 | 10 |
* | Cytek Biosciences Inc. | 750 | 10 |
* | Athersys Inc. | 9,485 | 9 |
* | Cymabay Therapeutics Inc. | 2,986 | 9 |
XBiotech Inc. | 904 | 9 | |
* | Immunic Inc. | 780 | 9 |
* | Foghorn Therapeutics Inc. | 947 | 9 |
* | Kinnate Biopharma Inc. | 1,187 | 9 |
* | Asensus Surgical Inc. | 11,358 | 9 |
* | Citius Pharmaceuticals Inc. | 5,743 | 9 |
* | Ikena Oncology Inc. | 1,421 | 9 |
* | Caribou Biosciences Inc. | 899 | 9 |
* | Sight Sciences Inc. | 521 | 9 |
*,1 | PROCEPT BioRobotics Corp. | 369 | 9 |
* | Cue Biopharma Inc. | 1,300 | 8 |
* | CytoSorbents Corp. | 2,154 | 8 |
* | Lineage Cell Therapeutics Inc. | 5,867 | 8 |
* | Paratek Pharmaceuticals Inc. | 2,302 | 8 |
* | Selecta Biosciences Inc. | 4,447 | 8 |
* | Sientra Inc. | 2,779 | 8 |
* | XOMA Corp. | 380 | 8 |
* | ClearPoint Neuro Inc. | 912 | 8 |
* | Applied Molecular Transport Inc. | 1,175 | 8 |
* | Vor BioPharma Inc. | 871 | 8 |
* | KemPharm Inc. | 1,388 | 8 |
* | Talaris Therapeutics Inc. | 1,109 | 8 |
* | Century Therapeutics Inc. | 550 | 8 |
* | Lyell Immunopharma Inc. | 1,086 | 8 |
* | Bright Health Group Inc. | 2,492 | 8 |
*,1 | Monte Rosa Therapeutics Inc. | 562 | 8 |
* | Tenaya Therapeutics Inc. | 651 | 8 |
* | Aura Biosciences Inc. | 452 | 8 |
* | Paragon 28 Inc. | 462 | 8 |
*,1 | Xilio Therapeutics Inc. | 650 | 8 |
* | Eiger BioPharmaceuticals Inc. | 1,754 | 7 |
* | Homology Medicines Inc. | 1,886 | 7 |
* | Lexicon Pharmaceuticals Inc. | 3,282 | 7 |
* | Outlook Therapeutics Inc. | 4,413 | 7 |
* | IGM Biosciences Inc. | 394 | 7 |
* | Passage Bio Inc. | 1,996 | 7 |
* | Annexon Inc. | 1,514 | 7 |
* | Taysha Gene Therapies Inc. | 1,080 | 7 |
* | Tarsus Pharmaceuticals Inc. | 396 | 7 |
* | Atossa Therapeutics Inc. | 5,681 | 7 |
* | Biomea Fusion Inc. | 1,149 | 7 |
*,1 | Day One Biopharmaceuticals Inc. | 503 | 7 |
* | Graphite Bio Inc. | 756 | 7 |
* | RxSight Inc. | 531 | 7 |
* | Nuvalent Inc. Class A | 501 | 7 |
*,1 | Adagio Therapeutics Inc. | 993 | 7 |
* | Tyra Biosciences Inc. | 620 | 7 |
* | Accelerate Diagnostics Inc. | 1,953 | 6 |
* | ChromaDex Corp. | 2,023 | 6 |
* | Durect Corp. | 9,345 | 6 |
* | Epizyme Inc. | 4,350 | 6 |
* | Tabula Rasa HealthCare Inc. | 1,113 | 6 |
Zynex Inc. | 939 | 6 | |
* | PAVmed Inc. | 3,732 | 6 |
* | Oyster Point Pharma Inc. | 560 | 6 |
Shares | Market Value• ($000) | ||
* | Akouos Inc. | 1,167 | 6 |
* | Nkarta Inc. | 686 | 6 |
* | Viemed Healthcare Inc. | 1,687 | 6 |
* | Quotient Ltd. | 4,435 | 6 |
* | Surface Oncology Inc. | 1,613 | 6 |
* | 9 Meters Biopharma Inc. | 10,282 | 6 |
* | SQZ Biotechnologies Co. | 1,103 | 6 |
* | Shattuck Labs Inc. | 1,292 | 6 |
* | SOC Telemed Inc. Class A | 2,079 | 6 |
* | Forian Inc. | 912 | 6 |
* | Alpha Teknova Inc. | 333 | 6 |
*,1 | Absci Corp. | 673 | 6 |
*,1 | Cue Health Inc. | 733 | 6 |
* | Entrada Therapeutics Inc. | 467 | 6 |
* | Theseus Pharmaceuticals Inc. | 598 | 6 |
* | Ventyx Biosciences Inc. | 551 | 6 |
* | AirSculpt Technologies Inc. | 469 | 6 |
* | Aeglea BioTherapeutics Inc. | 1,888 | 5 |
* | Adverum Biotechnologies Inc. | 3,832 | 5 |
* | Ampio Pharmaceuticals Inc. | 9,219 | 5 |
* | Esperion Therapeutics Inc. | 1,209 | 5 |
* | Fortress Biotech Inc. | 3,086 | 5 |
* | Magenta Therapeutics Inc. | 1,510 | 5 |
* | Molecular Templates Inc. | 2,034 | 5 |
* | Sesen Bio Inc. | 8,620 | 5 |
* | Spectrum Pharmaceuticals Inc. | 7,472 | 5 |
* | Verrica Pharmaceuticals Inc. | 542 | 5 |
* | UroGen Pharma Ltd. | 834 | 5 |
* | WaVe Life Sciences Ltd. | 1,890 | 5 |
* | Evelo Biosciences Inc. | 1,532 | 5 |
* | iCAD Inc. | 1,085 | 5 |
* | Mirum Pharmaceuticals Inc. | 211 | 5 |
* | Alpine Immune Sciences Inc. | 599 | 5 |
* | Infinity Pharmaceuticals Inc. | 4,227 | 5 |
* | Neoleukin Therapeutics Inc. | 1,935 | 5 |
* | Poseida Therapeutics Inc. | 1,451 | 5 |
* | Cardiff Oncology Inc. | 1,749 | 5 |
* | Prelude Therapeutics Inc. | 555 | 5 |
* | Eargo Inc. | 977 | 5 |
* | Olema Pharmaceuticals Inc. | 1,174 | 5 |
* | BioAtla Inc. | 725 | 5 |
* | Innovage Holding Corp. | 929 | 5 |
* | Vincerx Pharma Inc. | 1,084 | 5 |
* | Rain Therapeutics Inc. | 880 | 5 |
* | Singular Genomics Systems Inc. | 561 | 5 |
* | DarioHealth Corp. | 681 | 5 |
* | Doximity Inc. Class A | 89 | 5 |
* | Viracta Therapeutics Inc. | 1,760 | 5 |
* | Codex DNA Inc. | 453 | 5 |
* | Convey Health Solutions Holdings Inc. | 836 | 5 |
* | Aerovate Therapeutics Inc. | 488 | 5 |
* | Rallybio Corp. | 498 | 5 |
* | Athenex Inc. | 4,748 | 4 |
* | Neuronetics Inc. | 1,261 | 4 |
* | Oncternal Therapeutics Inc. | 2,233 | 4 |
* | TherapeuticsMD Inc. | 17,971 | 4 |
* | Trevena Inc. | 8,251 | 4 |
* | Cortexyme Inc. | 910 | 4 |
* | TCR2 Therapeutics Inc. | 1,446 | 4 |
* | Frequency Therapeutics Inc. | 1,391 | 4 |
* | Black Diamond Therapeutics Inc. | 1,293 | 4 |
Shares | Market Value• ($000) | ||
* | Exagen Inc. | 549 | 4 |
* | Aspira Women's Health Inc. | 3,673 | 4 |
* | Celcuity Inc. | 402 | 4 |
* | Inozyme Pharma Inc. | 726 | 4 |
*,2 | Tobira Therapeutics Inc. CVR | 937 | 4 |
* | Codiak Biosciences Inc. | 760 | 4 |
* | Humanigen Inc. | 2,176 | 4 |
* | Silverback Therapeutics Inc. | 997 | 4 |
* | Bolt Biotherapeutics Inc. | 1,055 | 4 |
* | Sensei Biotherapeutics Inc. | 1,002 | 4 |
* | Seelos Therapeutics Inc. | 3,827 | 4 |
* | Clene Inc. | 1,158 | 4 |
* | Greenwich Lifesciences Inc. | 204 | 4 |
* | GT Biopharma Inc. | 1,203 | 4 |
* | Brooklyn ImmunoTherapeutics Inc. | 1,589 | 4 |
* | Omega Therapeutics Inc. | 354 | 4 |
*,1 | Eliem Therapeutics Inc. | 447 | 4 |
* | Pyxis Oncology Inc. | 662 | 4 |
* | Ardelyx Inc. | 4,399 | 3 |
* | Avrobio Inc. | 2,108 | 3 |
* | Invacare Corp. | 1,478 | 3 |
* | Oncocyte Corp. | 2,289 | 3 |
* | Harpoon Therapeutics Inc. | 838 | 3 |
* | Pulse Biosciences Inc. | 606 | 3 |
* | Hookipa Pharma Inc. | 1,069 | 3 |
* | BeyondSpring Inc. | 1,083 | 3 |
* | 89bio Inc. | 585 | 3 |
* | Retractable Technologies Inc. | 728 | 3 |
* | iBio Inc. | 10,920 | 3 |
* | Summit Therapeutics Inc. | 1,132 | 3 |
* | Finch Therapeutics Group Inc. | 380 | 3 |
* | Tonix Pharmaceuticals Holding Corp. | 16,490 | 3 |
* | NeuroPace Inc. | 354 | 3 |
* | CVRx Inc. | 389 | 3 |
* | Immuneering Corp. Class A | 402 | 3 |
* | Rapid Micro Biosystems Inc. Class A | 383 | 3 |
* | Acumen Pharmaceuticals Inc. | 460 | 3 |
* | Cincor Pharma Inc. | 138 | 3 |
* | Kala Pharmaceuticals Inc. | 2,911 | 2 |
* | Solid Biosciences Inc. | 3,008 | 2 |
* | Kaleido Biosciences Inc. | 1,154 | 2 |
* | Aligos Therapeutics Inc. | 862 | 2 |
* | Oncorus Inc. | 1,032 | 2 |
* | Angion Biomedica Corp. | 1,044 | 2 |
* | NexImmune Inc. | 824 | 2 |
* | Terns Pharmaceuticals Inc. | 504 | 2 |
* | Cyteir Therapeutics Inc. | 400 | 2 |
* | Amylyx Pharmaceuticals Inc. | 71 | 2 |
* | Vigil Neuroscience Inc. | 112 | 2 |
* | Arcellx Inc. | 80 | 2 |
* | NantHealth Inc. | 1,762 | 1 |
*,2 | Alder Biopharmaceuticals CVR | 1,247 | 1 |
* | Biodesix Inc. | 622 | 1 |
* | Spruce Biosciences Inc. | 602 | 1 |
* | Gemini Therapeutics Inc. | 1,102 | 1 |
* | Portage Biotech Inc. | 181 | 1 |
* | In8bio Inc. | 200 | 1 |
* | TScan Therapeutics Inc. | 148 | 1 |
* | Warby Parker Inc. Class A | 33 | 1 |
* | IsoPlexis Corp. | 135 | 1 |
Shares | Market Value• ($000) | ||
*,2 | Elanco Animal Health Inc. CVR | 1,951 | — |
*,2 | Synergy Pharmaceuticals Inc. | 12,927 | — |
*,2 | Progenics Pharmaceuticals Inc. CVR | 4,323 | — |
* | Elevation Oncology Inc. | 71 | — |
* | Minerva Surgical Inc. | 93 | — |
265,635 | |||
Industrials (12.9%) | |||
Visa Inc. Class A | 81,106 | 17,529 | |
Mastercard Inc. Class A | 41,922 | 15,126 | |
Accenture plc Class A | 30,489 | 9,635 | |
Union Pacific Corp. | 30,846 | 7,587 | |
Raytheon Technologies Corp. | 71,870 | 7,381 | |
United Parcel Service Inc. Class B | 34,685 | 7,298 | |
Honeywell International Inc. | 33,322 | 6,323 | |
* | PayPal Holdings Inc. | 56,239 | 6,295 |
American Express Co. | 30,079 | 5,852 | |
* | Boeing Co. | 25,623 | 5,261 |
Lockheed Martin Corp. | 11,892 | 5,159 | |
General Electric Co. | 52,240 | 4,989 | |
Caterpillar Inc. | 25,935 | 4,865 | |
Deere & Co. | 13,364 | 4,811 | |
Automatic Data Processing Inc. | 20,393 | 4,169 | |
3M Co. | 27,766 | 4,127 | |
CSX Corp. | 106,089 | 3,597 | |
Illinois Tool Works Inc. | 15,179 | 3,284 | |
Northrop Grumman Corp. | 7,131 | 3,153 | |
Capital One Financial Corp. | 20,233 | 3,101 | |
Sherwin-Williams Co. | 11,541 | 3,037 | |
Norfolk Southern Corp. | 11,651 | 2,989 | |
Eaton Corp. plc | 19,050 | 2,939 | |
* | Block Inc. (XNYS) | 22,877 | 2,917 |
General Dynamics Corp. | 11,965 | 2,805 | |
* | Fiserv Inc. | 28,630 | 2,796 |
Fidelity National Information Services Inc. | 29,133 | 2,774 | |
Emerson Electric Co. | 28,553 | 2,653 | |
FedEx Corp. | 11,741 | 2,610 | |
L3Harris Technologies Inc. | 9,344 | 2,358 | |
Johnson Controls International plc | 34,323 | 2,230 | |
DuPont de Nemours Inc. | 25,053 | 1,938 | |
Carrier Global Corp. | 41,610 | 1,867 | |
Paychex Inc. | 15,445 | 1,839 | |
Global Payments Inc. | 13,772 | 1,837 | |
Parker-Hannifin Corp. | 6,157 | 1,825 | |
Trane Technologies plc | 11,435 | 1,760 | |
* | TransDigm Group Inc. | 2,459 | 1,639 |
Otis Worldwide Corp. | 20,417 | 1,599 | |
Cintas Corp. | 4,176 | 1,567 | |
Old Dominion Freight Line Inc. | 4,884 | 1,534 | |
* | Mettler-Toledo International Inc. | 1,086 | 1,530 |
PPG Industries Inc. | 11,348 | 1,514 | |
PACCAR Inc. | 16,353 | 1,501 | |
Rockwell Automation Inc. | 5,550 | 1,480 | |
AMETEK Inc. | 11,051 | 1,434 | |
Cummins Inc. | 6,901 | 1,409 | |
* | Keysight Technologies Inc. | 8,852 | 1,393 |
Ball Corp. | 15,169 | 1,361 | |
Verisk Analytics Inc. Class A | 7,596 | 1,347 | |
Equifax Inc. | 5,764 | 1,259 | |
Stanley Black & Decker Inc. | 7,703 | 1,253 |
Shares | Market Value• ($000) | ||
Vulcan Materials Co. | 6,310 | 1,145 | |
Martin Marietta Materials Inc. | 2,975 | 1,129 | |
Synchrony Financial | 26,004 | 1,112 | |
* | United Rentals Inc. | 3,445 | 1,108 |
Dover Corp. | 6,866 | 1,077 | |
* | Zebra Technologies Corp. Class A | 2,538 | 1,049 |
* | Bill.Com Holdings Inc. | 4,405 | 1,048 |
WW Grainger Inc. | 2,191 | 1,045 | |
Fortive Corp. | 15,614 | 1,011 | |
Ingersoll Rand Inc. | 19,423 | 981 | |
* | Teledyne Technologies Inc. | 2,204 | 946 |
* | Generac Holdings Inc. | 2,941 | 928 |
* | Waters Corp. | 2,880 | 912 |
* | FleetCor Technologies Inc. | 3,790 | 888 |
Amcor plc | 73,582 | 856 | |
Expeditors International of Washington Inc. | 8,094 | 837 | |
TransUnion | 9,186 | 834 | |
* | Trimble Inc. | 11,873 | 828 |
JB Hunt Transport Services Inc. | 4,042 | 820 | |
Westinghouse Air Brake Technologies Corp. | 8,592 | 798 | |
Textron Inc. | 10,482 | 767 | |
Xylem Inc. | 8,609 | 766 | |
Jacobs Engineering Group Inc. | 6,133 | 754 | |
Quanta Services Inc. | 6,690 | 729 | |
Crown Holdings Inc. | 5,872 | 720 | |
IDEX Corp. | 3,635 | 698 | |
* | Builders FirstSource Inc. | 9,122 | 679 |
Packaging Corp. of America | 4,480 | 659 | |
Howmet Aerospace Inc. | 18,219 | 654 | |
Masco Corp. | 11,584 | 649 | |
Nordson Corp. | 2,780 | 630 | |
Jack Henry & Associates Inc. | 3,526 | 623 | |
Robert Half International Inc. | 5,174 | 622 | |
* | Fair Isaac Corp. | 1,279 | 603 |
CH Robinson Worldwide Inc. | 6,127 | 592 | |
Carlisle Cos. Inc. | 2,473 | 587 | |
Graco Inc. | 8,058 | 581 | |
Westrock Co. | 12,686 | 574 | |
Fortune Brands Home & Security Inc. | 6,498 | 565 | |
Cognex Corp. | 8,148 | 550 | |
Snap-on Inc. | 2,541 | 534 | |
HEICO Corp. Class A | 4,213 | 518 | |
Regal Rexnord Corp. | 3,228 | 518 | |
RPM International Inc. | 6,100 | 516 | |
Booz Allen Hamilton Holding Corp. Class A | 6,330 | 511 | |
* | Trex Co. Inc. | 5,556 | 510 |
Allegion plc | 4,306 | 493 | |
Toro Co. | 5,081 | 477 | |
Sealed Air Corp. | 7,093 | 476 | |
AECOM | 6,482 | 471 | |
* | Middleby Corp. | 2,624 | 466 |
Pentair plc | 7,963 | 461 | |
Hubbell Inc. Class B | 2,570 | 458 | |
Owens Corning | 4,790 | 446 | |
* | Axon Enterprise Inc. | 3,098 | 435 |
A O Smith Corp. | 6,298 | 432 | |
Watsco Inc. | 1,582 | 432 | |
* | Sensata Technologies Holding plc | 7,331 | 425 |
Shares | Market Value• ($000) | ||
Knight-Swift Transportation Holdings Inc. | 7,789 | 424 | |
Lennox International Inc. | 1,579 | 421 | |
Tetra Tech Inc. | 2,553 | 405 | |
* | Paylocity Holding Corp. | 1,900 | 404 |
MKS Instruments Inc. | 2,626 | 395 | |
* | Berry Global Group Inc. | 6,394 | 388 |
* | GXO Logistics Inc. | 4,601 | 386 |
AptarGroup Inc. | 3,123 | 381 | |
Huntington Ingalls Industries Inc. | 1,858 | 380 | |
* | Mohawk Industries Inc. | 2,620 | 369 |
Genpact Ltd. | 8,715 | 365 | |
Oshkosh Corp. | 3,266 | 363 | |
ITT Inc. | 4,110 | 361 | |
* | Saia Inc. | 1,253 | 360 |
AGCO Corp. | 2,974 | 357 | |
* | WEX Inc. | 2,114 | 356 |
* | WillScot Mobile Mini Holdings Corp. | 9,932 | 353 |
Lincoln Electric Holdings Inc. | 2,751 | 351 | |
Brunswick Corp. | 3,649 | 349 | |
Western Union Co. | 19,008 | 346 | |
Woodward Inc. | 2,735 | 341 | |
Advanced Drainage Systems Inc. | 2,895 | 338 | |
* | TopBuild Corp. | 1,561 | 335 |
* | XPO Logistics Inc. | 4,592 | 334 |
Donaldson Co. Inc. | 6,051 | 328 | |
* | Coherent Inc. | 1,168 | 309 |
* | Euronet Worldwide Inc. | 2,397 | 307 |
Acuity Brands Inc. | 1,656 | 302 | |
Louisiana-Pacific Corp. | 4,164 | 300 | |
EMCOR Group Inc. | 2,516 | 291 | |
Littelfuse Inc. | 1,120 | 289 | |
Landstar System Inc. | 1,832 | 283 | |
Graphic Packaging Holding Co. | 13,646 | 281 | |
Sonoco Products Co. | 4,778 | 281 | |
ManpowerGroup Inc. | 2,631 | 280 | |
Curtiss-Wright Corp. | 1,853 | 273 | |
* | ASGN Inc. | 2,460 | 273 |
HEICO Corp. | 1,823 | 269 | |
nVent Electric plc | 7,917 | 269 | |
* | Axalta Coating Systems Ltd. | 9,874 | 267 |
Eagle Materials Inc. | 1,918 | 262 | |
MDU Resources Group Inc. | 9,638 | 258 | |
* | Chart Industries Inc. | 1,773 | 256 |
Spirit AeroSystems Holdings Inc. Class A | 5,095 | 255 | |
* | WESCO International Inc. | 2,092 | 255 |
MSA Safety Inc. | 1,782 | 248 | |
Simpson Manufacturing Co. Inc. | 2,065 | 245 | |
Crane Co. | 2,389 | 241 | |
Exponent Inc. | 2,491 | 236 | |
* | FTI Consulting Inc. | 1,611 | 235 |
* | AMN Healthcare Services Inc. | 2,211 | 235 |
BWX Technologies Inc. | 4,336 | 232 | |
Maximus Inc. | 2,938 | 232 | |
* | Colfax Corp. | 5,664 | 228 |
* | Atkore Inc. | 2,234 | 227 |
Matson Inc. | 2,005 | 222 | |
Valmont Industries Inc. | 1,013 | 219 | |
Air Lease Corp. Class A | 5,217 | 218 | |
* | API Group Corp. | 9,722 | 210 |
Shares | Market Value• ($000) | ||
* | MasTec Inc. | 2,635 | 208 |
Triton International Ltd. | 3,124 | 205 | |
Armstrong World Industries Inc. | 2,267 | 200 | |
Vontier Corp. | 8,127 | 197 | |
Allison Transmission Holdings Inc. | 4,867 | 194 | |
Watts Water Technologies Inc. Class A | 1,349 | 194 | |
Herc Holdings Inc. | 1,208 | 192 | |
Ryder System Inc. | 2,433 | 192 | |
* | Kirby Corp. | 2,907 | 189 |
* | ExlService Holdings Inc. | 1,539 | 186 |
Zurn Water Solutions Corp. | 5,704 | 186 | |
* | ACI Worldwide Inc. | 5,530 | 185 |
Flowserve Corp. | 6,050 | 184 | |
Franklin Electric Co. Inc. | 2,170 | 184 | |
GATX Corp. | 1,722 | 184 | |
* | Resideo Technologies Inc. | 6,989 | 180 |
Applied Industrial Technologies Inc. | 1,745 | 176 | |
Silgan Holdings Inc. | 4,127 | 173 | |
* | Summit Materials Inc. Class A | 5,546 | 173 |
* | TriNet Group Inc. | 1,944 | 170 |
HB Fuller Co. | 2,448 | 167 | |
SPX FLOW Inc. | 1,946 | 167 | |
John Bean Technologies Corp. | 1,468 | 166 | |
Korn Ferry | 2,511 | 166 | |
* | Mercury Systems Inc. | 2,759 | 166 |
MSC Industrial Direct Co. Inc. Class A | 2,125 | 165 | |
Alliance Data Systems Corp. | 2,425 | 164 | |
Hillenbrand Inc. | 3,409 | 163 | |
* | AZEK Co. Inc. Class A | 5,431 | 160 |
Brink's Co. | 2,228 | 156 | |
Insperity Inc. | 1,728 | 155 | |
* | Allegheny Technologies Inc. | 5,913 | 152 |
* | Welbilt Inc. | 6,428 | 152 |
* | Beacon Roofing Supply Inc. | 2,523 | 151 |
* | Bloom Energy Corp. Class A | 6,673 | 148 |
* | Fluor Corp. | 6,829 | 148 |
EnerSys | 1,968 | 143 | |
Comfort Systems USA Inc. | 1,646 | 142 | |
Aerojet Rocketdyne Holdings Inc. | 3,639 | 141 | |
Badger Meter Inc. | 1,373 | 136 | |
Forward Air Corp. | 1,322 | 136 | |
ABM Industries Inc. | 2,994 | 134 | |
Terex Corp. | 3,178 | 131 | |
* | Dycom Industries Inc. | 1,430 | 125 |
* | Hub Group Inc. Class A | 1,486 | 125 |
Altra Industrial Motion Corp. | 2,926 | 124 | |
Kennametal Inc. | 3,895 | 124 | |
Werner Enterprises Inc. | 2,849 | 124 | |
Albany International Corp. Class A | 1,399 | 123 | |
Helios Technologies Inc. | 1,563 | 123 | |
UniFirst Corp. | 681 | 123 | |
Belden Inc. | 2,161 | 122 | |
Moog Inc. Class A | 1,467 | 122 | |
EVERTEC Inc. | 2,992 | 121 | |
* | Kratos Defense & Security Solutions Inc. | 5,793 | 121 |
AAON Inc. | 2,067 | 121 | |
* | Meritor Inc. | 3,346 | 119 |
Shares | Market Value• ($000) | ||
* | StoneCo. Ltd. Class A | 10,620 | 119 |
* | Verra Mobility Corp. Class A | 6,890 | 116 |
Maxar Technologies Inc. | 3,551 | 115 | |
Otter Tail Corp. | 1,857 | 115 | |
* | GMS Inc. | 2,099 | 114 |
EnPro Industries Inc. | 1,021 | 113 | |
Installed Building Products Inc. | 1,160 | 112 | |
* | TuSimple Holdings Inc. Class A | 6,408 | 112 |
ArcBest Corp. | 1,191 | 110 | |
* | Masonite International Corp. | 1,166 | 110 |
* | Shift4 Payments Inc. Class A | 2,081 | 110 |
Encore Wire Corp. | 921 | 107 | |
Kadant Inc. | 540 | 107 | |
* | Paysafe Ltd. | 33,518 | 107 |
* | Atlas Air Worldwide Holdings Inc. | 1,344 | 105 |
* | Itron Inc. | 2,206 | 105 |
Trinity Industries Inc. | 3,593 | 104 | |
* | SPX Corp. | 2,033 | 103 |
Brady Corp. Class A | 2,207 | 102 | |
Barnes Group Inc. | 2,159 | 100 | |
ManTech International Corp. Class A | 1,203 | 100 | |
Federal Signal Corp. | 2,753 | 99 | |
Mueller Water Products Inc. Class A | 7,673 | 97 | |
* | CBIZ Inc. | 2,442 | 95 |
* | JELD-WEN Holding Inc. | 4,107 | 95 |
* | O-I Glass Inc. | 7,392 | 94 |
* | Air Transport Services Group Inc. | 2,878 | 91 |
McGrath RentCorp. | 1,087 | 88 | |
* | Ferro Corp. | 3,987 | 87 |
* | Nikola Corp. | 10,818 | 85 |
CSW Industrials Inc. | 702 | 84 | |
* | Virgin Galactic Holdings Inc. | 8,691 | 84 |
ESCO Technologies Inc. | 1,171 | 81 | |
* | Gibraltar Industries Inc. | 1,653 | 80 |
* | Proto Labs Inc. | 1,411 | 79 |
* | Flywire Corp. | 2,874 | 78 |
Textainer Group Holdings Ltd. | 2,182 | 77 | |
* | Repay Holdings Corp. Class A | 4,394 | 76 |
* | AeroVironment Inc. | 1,054 | 75 |
ICF International Inc. | 845 | 75 | |
Kforce Inc. | 999 | 75 | |
* | Vicor Corp. | 1,007 | 75 |
Patrick Industries Inc. | 1,038 | 74 | |
* | Triumph Group Inc. | 2,969 | 74 |
TTEC Holdings Inc. | 927 | 74 | |
* | Green Dot Corp. Class A | 2,557 | 73 |
Greif Inc. Class A | 1,245 | 72 | |
* | MYR Group Inc. | 799 | 72 |
* | NV5 Global Inc. | 668 | 72 |
Tennant Co. | 898 | 71 | |
* | Veritiv Corp. | 660 | 71 |
* | Gates Industrial Corp. plc | 4,509 | 71 |
Greenbrier Cos. Inc. | 1,578 | 70 | |
Primoris Services Corp. | 2,599 | 69 | |
TriMas Corp. | 2,093 | 68 | |
* | CryoPort Inc. | 1,961 | 67 |
Schneider National Inc. Class B | 2,552 | 67 |
Shares | Market Value• ($000) | ||
H&E Equipment Services Inc. | 1,591 | 66 | |
* | OSI Systems Inc. | 824 | 66 |
* | AAR Corp. | 1,436 | 65 |
Shyft Group Inc. | 1,572 | 64 | |
Columbus McKinnon Corp. | 1,353 | 62 | |
SFL Corp. Ltd. | 6,186 | 62 | |
* | Core & Main Inc. Class A | 2,755 | 62 |
Lindsay Corp. | 465 | 61 | |
Mesa Laboratories Inc. | 239 | 61 | |
AZZ Inc. | 1,213 | 60 | |
Alamo Group Inc. | 431 | 60 | |
Granite Construction Inc. | 1,974 | 60 | |
* | Cornerstone Building Brands Inc. | 2,653 | 59 |
Deluxe Corp. | 1,898 | 59 | |
Kaman Corp. | 1,345 | 58 | |
* | Frontline Ltd. | 6,208 | 58 |
* | Montrose Environmental Group Inc. | 1,317 | 58 |
* | Ardagh Metal Packaging SA | 6,973 | 58 |
* | Evo Payments Inc. Class A | 2,347 | 57 |
* | Cimpress plc | 906 | 57 |
ADT Inc. | 7,619 | 56 | |
Astec Industries Inc. | 1,103 | 55 | |
* | Huron Consulting Group Inc. | 1,090 | 54 |
* | CoreCivic Inc. | 5,770 | 53 |
Standex International Corp. | 497 | 53 | |
* | FARO Technologies Inc. | 941 | 52 |
Apogee Enterprises Inc. | 1,138 | 51 | |
Griffon Corp. | 2,197 | 51 | |
Marten Transport Ltd. | 2,949 | 51 | |
* | PGT Innovations Inc. | 2,380 | 51 |
Enerpac Tool Group Corp. Class A | 2,703 | 47 | |
* | Donnelley Financial Solutions Inc. | 1,429 | 46 |
* | TrueBlue Inc. | 1,709 | 46 |
* | American Woodmark Corp. | 830 | 44 |
* | Great Lakes Dredge & Dock Corp. | 3,131 | 44 |
DHT Holdings Inc. | 7,053 | 44 | |
* | Hayward Holdings Inc. | 2,472 | 44 |
* | First Advantage Corp. | 2,744 | 44 |
Pitney Bowes Inc. | 8,554 | 43 | |
* | Cross Country Healthcare Inc. | 1,859 | 42 |
* | Sterling Construction Co. Inc. | 1,416 | 42 |
Heidrick & Struggles International Inc. | 970 | 41 | |
International Seaways Inc. | 2,239 | 41 | |
Scorpio Tankers Inc. | 2,368 | 41 | |
* | Conduent Inc. | 8,254 | 40 |
* | Ranpak Holdings Corp. Class A | 1,663 | 40 |
* | Desktop Metal Inc. Class A | 9,685 | 40 |
* | BlueLinx Holdings Inc. | 435 | 39 |
* | Energy Recovery Inc. | 2,046 | 39 |
Wabash National Corp. | 2,250 | 38 | |
* | Construction Partners Inc. Class A | 1,378 | 37 |
Kelly Services Inc. Class A | 1,721 | 37 | |
* | Diversey Holdings Ltd. | 3,852 | 37 |
Costamare Inc. | 2,643 | 36 | |
Douglas Dynamics Inc. | 943 | 35 | |
* | Aspen Aerogels Inc. | 1,130 | 33 |
* | Forterra Inc. | 1,386 | 33 |
Shares | Market Value• ($000) | ||
Gorman-Rupp Co. | 874 | 33 | |
* | GreenSky Inc. Class A | 3,314 | 33 |
Quanex Building Products Corp. | 1,452 | 33 | |
CRA International Inc. | 364 | 32 | |
Chase Corp. | 347 | 32 | |
Heartland Express Inc. | 2,205 | 32 | |
* | Vivint Smart Home Inc. | 4,515 | 32 |
* | Napco Security Technologies Inc. | 1,496 | 31 |
Insteel Industries Inc. | 817 | 30 | |
* | SP Plus Corp. | 1,020 | 30 |
Genco Shipping & Trading Ltd. | 1,551 | 30 | |
Argan Inc. | 744 | 29 | |
* | BrightView Holdings Inc. | 2,154 | 29 |
* | Manitowoc Co. Inc. | 1,735 | 29 |
Myers Industries Inc. | 1,720 | 29 | |
* | Transcat Inc. | 368 | 29 |
* | Advantage Solutions Inc. | 3,718 | 29 |
* | Franklin Covey Co. | 606 | 28 |
* | I3 Verticals Inc. Class A | 1,011 | 27 |
* | Titan International Inc. | 2,441 | 27 |
* | Titan Machinery Inc. | 960 | 27 |
* | Forrester Research Inc. | 500 | 26 |
* | Paya Holdings Inc. | 3,992 | 26 |
Cass Information Systems Inc. | 641 | 25 | |
* | DXP Enterprises Inc. | 868 | 25 |
* | Ducommun Inc. | 491 | 25 |
* | Modine Manufacturing Co. | 2,489 | 25 |
* | Thermon Group Holdings Inc. | 1,468 | 25 |
VSE Corp. | 516 | 25 | |
* | International Money Express Inc. | 1,557 | 25 |
* | Hyliion Holdings Corp. | 5,694 | 25 |
Ennis Inc. | 1,300 | 24 | |
Luxfer Holdings plc | 1,383 | 24 | |
* | CIRCOR International Inc. | 866 | 23 |
* | Vectrus Inc. | 504 | 23 |
* | Daseke Inc. | 1,767 | 22 |
Resources Connection Inc. | 1,313 | 22 | |
* | Yellow Corp. | 2,438 | 22 |
* | Cantaloupe Inc. | 2,830 | 22 |
* | Loyalty Ventures Inc. | 936 | 22 |
Allied Motion Technologies Inc. | 617 | 21 | |
* | Tutor Perini Corp. | 2,107 | 21 |
* | Ideanomics Inc. | 19,822 | 21 |
Eagle Bulk Shipping Inc. | 401 | 21 | |
Barrett Business Services Inc. | 328 | 20 | |
Dorian LPG Ltd. | 1,459 | 20 | |
Pactiv Evergreen Inc. | 2,068 | 20 | |
* | Astronics Corp. | 1,267 | 19 |
* | Babcock & Wilcox Enterprises Inc. | 2,694 | 19 |
* | Vishay Precision Group Inc. | 607 | 19 |
* | Willdan Group Inc. | 590 | 19 |
* | Workhorse Group Inc. | 6,007 | 19 |
* | PureCycle Technologies Inc. | 2,684 | 19 |
* | Blue Bird Corp. | 867 | 18 |
* | IES Holdings Inc. | 429 | 18 |
National Presto Industries Inc. | 231 | 18 | |
REV Group Inc. | 1,333 | 18 | |
Nordic American Tankers Ltd. | 7,465 | 18 |
Shares | Market Value• ($000) | ||
* | BTRS Holdings Inc. Class A | 3,012 | 18 |
* | Danimer Scientific Inc. | 4,537 | 18 |
Greif Inc. Class B | 296 | 17 | |
Hyster-Yale Materials Handling Inc. | 449 | 17 | |
Miller Industries Inc. | 544 | 17 | |
* | Teekay Tankers Ltd. Class A | 1,165 | 17 |
* | Custom Truck One Source Inc. | 2,128 | 17 |
*,1 | View Inc. | 7,026 | 17 |
* | Sterling Check Corp. | 801 | 17 |
Ardagh Group SA | 848 | 16 | |
* | Infrastructure and Energy Alternatives Inc. | 1,452 | 16 |
* | CS Disco Inc. | 428 | 16 |
* | Safe Bulkers Inc. | 3,405 | 14 |
* | Legalzoom.com Inc. | 895 | 14 |
* | Hireright Holdings Corp. | 1,089 | 14 |
* | Velodyne Lidar Inc. | 3,425 | 13 |
* | Commercial Vehicle Group Inc. | 1,550 | 12 |
United States Lime & Minerals Inc. | 102 | 12 | |
Caesarstone Ltd. | 959 | 12 | |
* | Atlanticus Holdings Corp. | 225 | 12 |
* | AvidXchange Holdings Inc. | 1,267 | 12 |
* | Concrete Pumping Holdings Inc. | 1,463 | 11 |
* | Covenant Logistics Group Inc. Class A | 477 | 11 |
Kronos Worldwide Inc. | 726 | 11 | |
Park Aerospace Corp. | 791 | 11 | |
* | Radiant Logistics Inc. | 1,629 | 11 |
* | Teekay Corp. | 3,395 | 11 |
* | Luna Innovations Inc. | 1,568 | 11 |
* | ShotSpotter Inc. | 406 | 10 |
* | PAM Transportation Services Inc. | 136 | 9 |
* | INNOVATE Corp. | 2,609 | 9 |
* | Acacia Research Corp. | 2,181 | 8 |
* | Lawson Products Inc. | 194 | 8 |
Powell Industries Inc. | 401 | 8 | |
Preformed Line Products Co. | 141 | 8 | |
* | Atlas Technical Consultants Inc. | 686 | 8 |
* | Byrna Technologies Inc. | 839 | 8 |
* | CECO Environmental Corp. | 1,327 | 7 |
* | EVI Industries Inc. | 354 | 7 |
* | Rekor Systems Inc. | 1,523 | 7 |
* | US Xpress Enterprises Inc. Class A | 1,568 | 7 |
Universal Logistics Holdings Inc. | 391 | 7 | |
* | Aersale Corp. | 461 | 7 |
* | Remitly Global Inc. | 602 | 7 |
Cadre Holdings Inc. | 312 | 7 | |
* | Iteris Inc. | 1,854 | 6 |
* | Mistras Group Inc. | 907 | 6 |
Park-Ohio Holdings Corp. | 406 | 6 | |
* | Eos Energy Enterprises Inc. | 2,000 | 6 |
* | Target Hospitality Corp. | 1,517 | 5 |
Hirequest Inc. | 258 | 5 | |
* | Willis Lease Finance Corp. | 128 | 4 |
* | StarTek Inc. | 936 | 4 |
* | Mayville Engineering Co. Inc. | 367 | 4 |
* | Priority Technology Holdings Inc. | 713 | 4 |
* | AgEagle Aerial Systems Inc. | 3,372 | 4 |
Shares | Market Value• ($000) | ||
* | Karat Packaging Inc. | 268 | 4 |
* | GreenBox POS | 875 | 3 |
* | IBEX Holdings Ltd. | 123 | 2 |
* | Team Inc. | 1,463 | 1 |
270,405 | |||
Other (0.0%)3 | |||
*,2 | Aduro Biotech Inc. CVR | 656 | 1 |
*,2 | Media General Inc. CVR | 5,133 | — |
1 | |||
Real Estate (3.5%) | |||
Prologis Inc. | 35,398 | 5,163 | |
American Tower Corp. | 21,630 | 4,907 | |
Crown Castle International Corp. | 20,608 | 3,433 | |
Equinix Inc. | 4,277 | 3,035 | |
Public Storage | 7,241 | 2,571 | |
Simon Property Group Inc. | 15,614 | 2,148 | |
Digital Realty Trust Inc. | 13,404 | 1,808 | |
Realty Income Corp. | 27,143 | 1,794 | |
Welltower Inc. | 20,778 | 1,731 | |
AvalonBay Communities Inc. | 6,705 | 1,600 | |
SBA Communications Corp. Class A | 5,188 | 1,574 | |
* | CBRE Group Inc. Class A | 15,973 | 1,547 |
Equity Residential | 17,640 | 1,505 | |
Alexandria Real Estate Equities Inc. | 7,408 | 1,403 | |
Weyerhaeuser Co. | 35,819 | 1,393 | |
Extra Space Storage Inc. | 6,309 | 1,187 | |
* | CoStar Group Inc. | 18,678 | 1,140 |
Mid-America Apartment Communities Inc. | 5,555 | 1,137 | |
Invitation Homes Inc. | 28,741 | 1,086 | |
Ventas Inc. | 18,981 | 1,025 | |
Sun Communities Inc. | 5,461 | 988 | |
Essex Property Trust Inc. | 3,076 | 976 | |
Duke Realty Corp. | 18,317 | 971 | |
Boston Properties Inc. | 7,441 | 910 | |
VICI Properties Inc. | 30,184 | 844 | |
UDR Inc. | 14,758 | 810 | |
Healthpeak Properties Inc. | 25,733 | 799 | |
Camden Property Trust | 4,711 | 778 | |
WP Carey Inc. | 8,881 | 687 | |
Iron Mountain Inc. | 13,762 | 677 | |
Kimco Realty Corp. | 27,680 | 651 | |
Equity LifeStyle Properties Inc. | 8,307 | 620 | |
* | Host Hotels & Resorts Inc. | 33,672 | 615 |
* | Jones Lang LaSalle Inc. | 2,414 | 594 |
Medical Properties Trust Inc. | 28,506 | 580 | |
CyrusOne Inc. | 6,065 | 548 | |
Regency Centers Corp. | 8,129 | 536 | |
American Homes 4 Rent Class A | 13,587 | 516 | |
Rexford Industrial Realty Inc. | 7,290 | 511 | |
Life Storage Inc. | 3,945 | 499 | |
* | Zillow Group Inc. Class C | 8,619 | 496 |
Gaming and Leisure Properties Inc. | 10,815 | 491 | |
CubeSmart | 10,146 | 489 | |
Lamar Advertising Co. Class A | 4,149 | 452 | |
Federal Realty Investment Trust | 3,724 | 438 | |
Kilroy Realty Corp. | 5,494 | 393 | |
Apartment Income REIT Corp. | 7,581 | 391 |
Shares | Market Value• ($000) | ||
EastGroup Properties Inc. | 1,949 | 372 | |
National Retail Properties Inc. | 8,416 | 359 | |
STORE Capital Corp. | 11,644 | 358 | |
First Industrial Realty Trust Inc. | 6,198 | 357 | |
Vornado Realty Trust | 8,179 | 354 | |
American Campus Communities Inc. | 6,522 | 351 | |
Brixmor Property Group Inc. | 13,965 | 351 | |
Americold Realty Trust | 12,938 | 346 | |
STAG Industrial Inc. | 8,487 | 331 | |
Omega Healthcare Investors Inc. | 11,519 | 324 | |
Healthcare Trust of America Inc. Class A | 10,477 | 308 | |
Cousins Properties Inc. | 7,189 | 278 | |
Spirit Realty Capital Inc. | 5,928 | 275 | |
Rayonier Inc. | 6,814 | 270 | |
Douglas Emmett Inc. | 7,903 | 250 | |
SL Green Realty Corp. | 3,109 | 247 | |
Terreno Realty Corp. | 3,562 | 245 | |
Kite Realty Group Trust | 10,515 | 231 | |
National Storage Affiliates Trust | 3,933 | 229 | |
Highwoods Properties Inc. | 5,059 | 221 | |
* | Ryman Hospitality Properties Inc. | 2,456 | 216 |
Agree Realty Corp. | 3,330 | 214 | |
Innovative Industrial Properties Inc. | 1,129 | 213 | |
LXP Industrial Trust | 13,114 | 203 | |
* | Park Hotels & Resorts Inc. | 10,758 | 203 |
Hudson Pacific Properties Inc. | 7,166 | 189 | |
* | Howard Hughes Corp. | 1,947 | 186 |
* | Opendoor Technologies Inc. | 22,104 | 185 |
Healthcare Realty Trust Inc. | 6,971 | 182 | |
Outfront Media Inc. | 6,692 | 179 | |
PotlatchDeltic Corp. | 3,210 | 176 | |
Apple Hospitality REIT Inc. | 9,758 | 173 | |
EPR Properties | 3,456 | 172 | |
* | Digitalbridge Group Inc. | 23,732 | 172 |
Physicians Realty Trust | 10,517 | 171 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 3,449 | 163 | |
Broadstone Net Lease Inc. | 7,452 | 161 | |
Macerich Co. | 10,272 | 157 | |
JBG SMITH Properties | 5,588 | 149 | |
PS Business Parks Inc. | 933 | 149 | |
Essential Properties Realty Trust Inc. | 5,727 | 145 | |
* | Equity Commonwealth | 5,437 | 144 |
Sabra Health Care REIT Inc. | 10,555 | 142 | |
* | Cushman & Wakefield plc | 6,404 | 140 |
Corporate Office Properties Trust | 5,285 | 138 | |
* | Zillow Group Inc. Class A | 2,328 | 133 |
SITE Centers Corp. | 8,459 | 131 | |
Independence Realty Trust Inc. | 5,089 | 129 | |
Kennedy-Wilson Holdings Inc. | 5,778 | 128 | |
Pebblebrook Hotel Trust | 5,615 | 126 | |
Newmark Group Inc. Class A | 6,970 | 123 | |
Uniti Group Inc. | 9,438 | 122 | |
RLJ Lodging Trust | 7,898 | 110 |
Shares | Market Value• ($000) | ||
National Health Investors Inc. | 2,000 | 107 | |
* | Sunstone Hotel Investors Inc. | 10,112 | 107 |
* | Redfin Corp. | 4,757 | 103 |
Brandywine Realty Trust | 7,600 | 101 | |
Piedmont Office Realty Trust Inc. Class A | 5,904 | 101 | |
Paramount Group Inc. | 8,913 | 100 | |
* | Realogy Holdings Corp. | 5,506 | 100 |
Washington REIT | 4,211 | 98 | |
Retail Opportunity Investments Corp. | 5,348 | 97 | |
Urban Edge Properties | 5,255 | 96 | |
Four Corners Property Trust Inc. | 3,616 | 95 | |
* | DiamondRock Hospitality Co. | 9,765 | 93 |
St. Joe Co. | 1,678 | 91 | |
* | Xenia Hotels & Resorts Inc. | 4,830 | 90 |
Easterly Government Properties Inc. Class A | 4,274 | 89 | |
Tanger Factory Outlet Centers Inc. | 5,150 | 86 | |
American Assets Trust Inc. | 2,311 | 84 | |
Acadia Realty Trust | 3,894 | 83 | |
NexPoint Residential Trust Inc. | 978 | 83 | |
eXp World Holdings Inc. | 3,030 | 81 | |
CareTrust REIT Inc. | 4,576 | 80 | |
* | Alexander & Baldwin Inc. | 3,522 | 79 |
Veris Residential Inc. | 4,423 | 75 | |
Global Net Lease Inc. | 5,125 | 73 | |
Industrial Logistics Properties Trust | 3,154 | 71 | |
Service Properties Trust | 8,130 | 70 | |
LTC Properties Inc. | 1,946 | 66 | |
Preferred Apartment Communities Inc. Class A | 2,630 | 66 | |
Safehold Inc. | 1,056 | 65 | |
Empire State Realty Trust Inc. Class A | 6,723 | 64 | |
Marcus & Millichap Inc. | 1,179 | 59 | |
Centerspace | 629 | 59 | |
Office Properties Income Trust | 2,259 | 57 | |
Getty Realty Corp. | 1,852 | 51 | |
UMH Properties Inc. | 2,189 | 50 | |
* | Apartment Investment and Management Co. Class A | 7,022 | 50 |
Gladstone Land Corp. | 1,557 | 47 | |
* | Orion Office REIT Inc. | 2,773 | 47 |
Community Healthcare Trust Inc. | 1,074 | 45 | |
Global Medical REIT Inc. | 2,863 | 45 | |
RPT Realty | 3,511 | 45 | |
Necessity Retail REIT Inc. | 6,230 | 44 | |
Armada Hoffler Properties Inc. | 2,902 | 43 | |
NETSTREIT Corp. | 1,927 | 43 | |
* | Summit Hotel Properties Inc. | 4,200 | 41 |
Gladstone Commercial Corp. | 1,820 | 39 | |
City Office REIT Inc. | 2,210 | 38 | |
Universal Health Realty Income Trust | 636 | 36 | |
Plymouth Industrial REIT Inc. | 1,327 | 35 | |
* | Radius Global Infrastructure Inc. Class A (XNMS) | 2,744 | 35 |
GEO Group Inc. | 5,717 | 34 | |
* | Chatham Lodging Trust | 2,439 | 33 |
Shares | Market Value• ($000) | ||
Ares Commercial Real Estate Corp. | 2,179 | 32 | |
Franklin Street Properties Corp. | 5,505 | 32 | |
Diversified Healthcare Trust | 11,059 | 32 | |
Urstadt Biddle Properties Inc. Class A | 1,569 | 30 | |
* | CorePoint Lodging Inc. | 1,800 | 29 |
Phillips Edison & Co. Inc. | 883 | 29 | |
RE/MAX Holdings Inc. Class A | 921 | 27 | |
* | Douglas Elliman Inc. | 3,556 | 27 |
Alexander's Inc. | 99 | 25 | |
Indus Realty Trust Inc. | 312 | 24 | |
One Liberty Properties Inc. | 778 | 23 | |
Whitestone REIT | 1,970 | 23 | |
Saul Centers Inc. | 466 | 21 | |
* | Braemar Hotels & Resorts Inc. | 3,409 | 20 |
RMR Group Inc. Class A | 671 | 20 | |
CatchMark Timber Trust Inc. Class A | 2,366 | 18 | |
* | FRP Holdings Inc. | 316 | 18 |
* | Seritage Growth Properties Class A | 1,776 | 18 |
CTO Realty Growth Inc. | 267 | 17 | |
* | Forestar Group Inc. | 857 | 16 |
Farmland Partners Inc. | 1,299 | 15 | |
* | Tejon Ranch Co. | 897 | 15 |
* | Hersha Hospitality Trust Class A | 1,557 | 14 |
Postal Realty Trust Inc. Class A | 609 | 11 | |
BRT Apartments Corp. | 474 | 10 | |
* | Ashford Hospitality Trust Inc. | 885 | 8 |
Clipper Realty Inc. | 607 | 6 | |
* | Fathom Holdings Inc. | 276 | 4 |
* | Rafael Holdings Inc. Class B | 518 | 2 |
Bridge Investment Group Holdings Inc. Class A | 73 | 1 | |
73,965 | |||
Technology (27.6%) | |||
Apple Inc. | 739,620 | 122,126 | |
Microsoft Corp. | 361,121 | 107,899 | |
* | Alphabet Inc. Class A | 14,320 | 38,680 |
* | Alphabet Inc. Class C | 13,541 | 36,531 |
NVIDIA Corp. | 114,614 | 27,949 | |
* | Meta Platforms Inc. Class A | 113,242 | 23,897 |
Broadcom Inc. | 19,135 | 11,241 | |
* | Adobe Inc. | 22,868 | 10,695 |
* | Advanced Micro Devices Inc. | 78,259 | 9,652 |
* | salesforce.com Inc. | 44,788 | 9,429 |
QUALCOMM Inc. | 54,068 | 9,299 | |
Intel Corp. | 193,783 | 9,243 | |
Texas Instruments Inc. | 44,314 | 7,533 | |
Intuit Inc. | 12,706 | 6,027 | |
Oracle Corp. | 79,105 | 6,010 | |
Applied Materials Inc. | 43,123 | 5,787 | |
* | ServiceNow Inc. | 9,430 | 5,469 |
International Business Machines Corp. | 42,850 | 5,250 | |
Micron Technology Inc. | 53,693 | 4,771 | |
Analog Devices Inc. | 25,725 | 4,123 | |
Lam Research Corp. | 6,734 | 3,780 | |
* | Palo Alto Networks Inc. | 4,550 | 2,704 |
Marvell Technology Inc. | 39,140 | 2,674 | |
KLA Corp. | 7,251 | 2,527 |
Shares | Market Value• ($000) | ||
* | Snowflake Inc. Class A | 9,497 | 2,523 |
NXP Semiconductors NV | 12,668 | 2,408 | |
* | Autodesk Inc. | 10,519 | 2,317 |
* | Synopsys Inc. | 7,228 | 2,258 |
Roper Technologies Inc. | 5,014 | 2,247 | |
* | Fortinet Inc. | 6,386 | 2,200 |
Cognizant Technology Solutions Corp. Class A | 25,312 | 2,180 | |
Amphenol Corp. Class A | 28,038 | 2,131 | |
* | Workday Inc. Class A | 9,063 | 2,076 |
* | Atlassian Corp. plc Class A | 6,642 | 2,031 |
* | Cadence Design Systems Inc. | 13,083 | 1,981 |
* | Datadog Inc. Class A | 12,137 | 1,955 |
HP Inc. | 55,152 | 1,895 | |
* | Crowdstrike Holdings Inc. Class A | 9,384 | 1,832 |
Microchip Technology Inc. | 25,980 | 1,827 | |
* | Match Group Inc. | 13,462 | 1,501 |
Corning Inc. | 36,378 | 1,470 | |
* | Cloudflare Inc. Class A | 12,292 | 1,431 |
* | Twilio Inc. Class A | 7,916 | 1,384 |
* | Zoom Video Communications Inc. Class A | 10,367 | 1,375 |
* | ANSYS Inc. | 4,137 | 1,341 |
* | Twitter Inc. | 37,099 | 1,319 |
* | ON Semiconductor Corp. | 20,190 | 1,264 |
VMware Inc. Class A | 10,642 | 1,249 | |
* | MongoDB Inc. Class A | 3,021 | 1,154 |
* | HubSpot Inc. | 2,161 | 1,135 |
CDW Corp. | 6,468 | 1,115 | |
* | DocuSign Inc. Class A | 9,247 | 1,095 |
* | Okta Inc. | 5,984 | 1,094 |
Skyworks Solutions Inc. | 7,866 | 1,087 | |
* | Gartner Inc. | 3,845 | 1,078 |
* | VeriSign Inc. | 4,643 | 992 |
Hewlett Packard Enterprise Co. | 62,258 | 991 | |
Monolithic Power Systems Inc. | 2,148 | 985 | |
* | Palantir Technologies Inc. Class A | 79,642 | 944 |
Teradyne Inc. | 7,832 | 924 | |
* | Splunk Inc. | 7,641 | 902 |
* | Zscaler Inc. | 3,738 | 894 |
Entegris Inc. | 6,459 | 843 | |
NetApp Inc. | 10,698 | 839 | |
* | Akamai Technologies Inc. | 7,741 | 838 |
* | Paycom Software Inc. | 2,429 | 824 |
* | Tyler Technologies Inc. | 1,908 | 817 |
SS&C Technologies Holdings Inc. | 10,688 | 801 | |
* | Nuance Communications Inc. | 14,024 | 779 |
* | Unity Software Inc. | 7,217 | 768 |
NortonLifeLock Inc. | 26,315 | 763 | |
* | Western Digital Corp. | 14,962 | 762 |
* | DoorDash Inc. Class A | 7,025 | 737 |
* | Qorvo Inc. | 5,301 | 725 |
* | Pinterest Inc. Class A | 26,937 | 721 |
Leidos Holdings Inc. | 6,804 | 693 | |
* | GoDaddy Inc. Class A | 8,031 | 670 |
* | Zendesk Inc. | 5,691 | 664 |
* | Dell Technologies Inc. Class C | 12,905 | 658 |
Citrix Systems Inc. | 5,887 | 603 | |
* | F5 Inc. | 2,881 | 579 |
* | Wolfspeed Inc. | 5,495 | 564 |
Shares | Market Value• ($000) | ||
* | PTC Inc. | 5,015 | 558 |
* | EPAM Systems Inc. | 2,584 | 537 |
* | Globant SA | 1,931 | 529 |
* | RingCentral Inc. Class A | 3,905 | 511 |
* | Aspen Technology Inc. | 3,192 | 487 |
Amdocs Ltd. | 6,147 | 484 | |
* | Ceridian HCM Holding Inc. | 6,249 | 456 |
* | Avalara Inc. | 4,145 | 431 |
* | Synaptics Inc. | 1,882 | 430 |
* | Coupa Software Inc. | 3,492 | 423 |
* | IAC/InterActiveCorp. | 3,655 | 419 |
* | Dynatrace Inc. | 9,391 | 417 |
* | Black Knight Inc. | 7,351 | 413 |
* | Manhattan Associates Inc. | 3,069 | 410 |
Jabil Inc. | 7,062 | 408 | |
* | DXC Technology Co. | 11,969 | 407 |
* | Arrow Electronics Inc. | 3,307 | 403 |
* | Lattice Semiconductor Corp. | 6,427 | 402 |
Concentrix Corp. | 2,001 | 400 | |
* | Five9 Inc. | 3,273 | 360 |
* | Guidewire Software Inc. | 4,072 | 359 |
* | II-VI Inc. | 4,983 | 346 |
KBR Inc. | 6,757 | 335 | |
* | Anaplan Inc. | 6,883 | 326 |
* | Pure Storage Inc. Class A | 12,466 | 323 |
* | Dropbox Inc. Class A | 14,159 | 321 |
Universal Display Corp. | 2,052 | 318 | |
* | CACI International Inc. Class A | 1,118 | 313 |
* | Clarivate plc | 20,791 | 311 |
* | Elastic NV | 3,558 | 308 |
* | Smartsheet Inc. Class A | 5,777 | 307 |
Azenta Inc. | 3,457 | 303 | |
* | Silicon Laboratories Inc. | 1,899 | 292 |
* | Rapid7 Inc. | 2,704 | 280 |
* | Nutanix Inc. Class A | 10,189 | 272 |
* | Teradata Corp. | 5,256 | 263 |
* | Change Healthcare Inc. | 11,986 | 257 |
CDK Global Inc. | 5,638 | 256 | |
Power Integrations Inc. | 2,849 | 256 | |
National Instruments Corp. | 6,310 | 253 | |
* | NCR Corp. | 6,203 | 251 |
Bentley Systems Inc. Class B | 6,522 | 250 | |
CMC Materials Inc. | 1,337 | 248 | |
Science Applications International Corp. | 2,785 | 244 | |
* | Rogers Corp. | 876 | 239 |
* | Tenable Holdings Inc. | 4,306 | 238 |
* | Mimecast Ltd. | 2,946 | 234 |
* | Cirrus Logic Inc. | 2,681 | 233 |
Dolby Laboratories Inc. Class A | 3,105 | 233 | |
* | Ambarella Inc. | 1,667 | 233 |
* | Wix.com Ltd. | 2,543 | 233 |
* | IPG Photonics Corp. | 1,750 | 228 |
* | Varonis Systems Inc. Class B | 5,220 | 228 |
* | Novanta Inc. | 1,654 | 226 |
* | Cargurus Inc. | 4,567 | 221 |
* | SPS Commerce Inc. | 1,688 | 219 |
* | Semtech Corp. | 3,124 | 217 |
* | Mandiant Inc. | 10,799 | 214 |
* | Workiva Inc. Class A | 2,002 | 211 |
* | Digital Turbine Inc. | 4,323 | 210 |
* | Qualys Inc. | 1,659 | 208 |
TD SYNNEX Corp. | 2,028 | 207 | |
Avnet Inc. | 4,832 | 203 | |
* | Ziff Davis Inc. | 2,019 | 203 |
Shares | Market Value• ($000) | ||
Vertiv Holdings Co. Class A | 15,561 | 203 | |
* | MaxLinear Inc. | 3,291 | 202 |
* | Blackline Inc. | 2,605 | 196 |
* | Onto Innovation Inc. | 2,241 | 193 |
* | Diodes Inc. | 2,139 | 192 |
* | Envestnet Inc. | 2,532 | 189 |
* | Asana Inc. Class A | 3,450 | 189 |
* | Procore Technologies Inc. | 2,868 | 187 |
* | MicroStrategy Inc. Class A | 409 | 181 |
* | Alteryx Inc. Class A | 2,878 | 179 |
* | Sailpoint Technologies Holdings Inc. | 4,254 | 176 |
* | Box Inc. Class A | 6,821 | 175 |
* | Q2 Holdings Inc. | 2,681 | 174 |
* | Kyndryl Holdings Inc. | 10,881 | 173 |
Pegasystems Inc. | 1,976 | 172 | |
* | Fabrinet | 1,693 | 170 |
* | Insight Enterprises Inc. | 1,624 | 169 |
* | Perficient Inc. | 1,587 | 162 |
* | New Relic Inc. | 2,425 | 161 |
Advanced Energy Industries Inc. | 1,800 | 155 | |
* | SiTime Corp. | 767 | 155 |
Kulicke & Soffa Industries Inc. | 2,970 | 155 | |
* | Verint Systems Inc. | 3,056 | 154 |
* | GLOBALFOUNDRIES Inc. | 2,534 | 154 |
* | Altair Engineering Inc. Class A | 2,262 | 150 |
Switch Inc. Class A | 5,613 | 146 | |
* | DigitalOcean Holdings Inc. | 2,456 | 146 |
* | FormFactor Inc. | 3,582 | 145 |
* | Upwork Inc. | 5,719 | 145 |
* | Alarm.com Holdings Inc. | 2,189 | 144 |
* | Dun & Bradstreet Holdings Inc. | 7,708 | 143 |
* | CommVault Systems Inc. | 2,241 | 141 |
* | LiveRamp Holdings Inc. | 3,243 | 140 |
* | Blackbaud Inc. | 2,227 | 139 |
* | Sprout Social Inc. Class A | 2,140 | 139 |
Xerox Holdings Corp. | 7,010 | 138 | |
* | Rambus Inc. | 5,076 | 137 |
* | MACOM Technology Solutions Holdings Inc. Class H | 2,257 | 136 |
* | PagerDuty Inc. | 4,018 | 136 |
* | nCino Inc. | 2,732 | 126 |
Vishay Intertechnology Inc. | 6,463 | 124 | |
* | Sanmina Corp. | 3,029 | 121 |
* | Yelp Inc. Class A | 3,492 | 118 |
* | Bottomline Technologies DE Inc. | 2,056 | 116 |
* | Appian Corp. Class A | 1,890 | 115 |
Amkor Technology Inc. | 4,970 | 113 | |
* | Axcelis Technologies Inc. | 1,624 | 112 |
* | Allscripts Healthcare Solutions Inc. | 5,722 | 111 |
* | NetScout Systems Inc. | 3,479 | 108 |
* | Plexus Corp. | 1,289 | 105 |
Shutterstock Inc. | 1,148 | 104 | |
* | 3D Systems Corp. | 5,817 | 104 |
* | Appfolio Inc. Class A | 914 | 103 |
CSG Systems International Inc. | 1,615 | 100 | |
* | Momentive Global Inc. | 6,327 | 99 |
* | TechTarget Inc. | 1,255 | 98 |
* | Fastly Inc. Class A | 5,162 | 96 |
Shares | Market Value• ($000) | ||
McAfee Corp.Class A | 3,698 | 96 | |
* | Ultra Clean Holdings Inc. | 2,077 | 95 |
* | Magnite Inc. | 6,320 | 92 |
Progress Software Corp. | 2,055 | 91 | |
* | Vimeo Inc. | 6,998 | 91 |
Xperi Holding Corp. | 5,170 | 90 | |
* | Jamf Holding Corp. | 2,568 | 88 |
* | Super Micro Computer Inc. | 2,202 | 87 |
* | Covetrus Inc. | 4,850 | 86 |
Methode Electronics Inc. | 1,855 | 85 | |
* | Duck Creek Technologies Inc. | 3,428 | 81 |
* | E2open Parent Holdings Inc. | 8,984 | 81 |
* | Everbridge Inc. | 1,896 | 75 |
* | Zuora Inc. Class A | 4,906 | 75 |
* | Cohu Inc. | 2,327 | 73 |
* | Schrodinger Inc. | 2,111 | 73 |
* | DoubleVerify Holdings Inc. | 2,621 | 72 |
* | Veeco Instruments Inc. | 2,417 | 69 |
* | Unisys Corp. | 3,177 | 68 |
*,1 | C3.ai Inc. Class A | 2,998 | 67 |
* | Cerence Inc. | 1,834 | 66 |
* | Ping Identity Holding Corp. | 3,081 | 65 |
* | Domo Inc. Class B | 1,422 | 63 |
* | LivePerson Inc. | 3,113 | 63 |
* | TTM Technologies Inc. | 5,043 | 63 |
* | JFrog Ltd. | 2,544 | 63 |
CTS Corp. | 1,600 | 61 | |
* | BigCommerce Holdings Inc. Series 1 | 2,355 | 61 |
* | PROS Holdings Inc. | 1,902 | 60 |
* | Allegro MicroSystems Inc. | 2,072 | 59 |
* | Impinj Inc. | 839 | 58 |
* | Avaya Holdings Corp. | 4,038 | 56 |
* | Avid Technology Inc. | 1,752 | 55 |
* | ePlus Inc. | 1,170 | 55 |
* | Eventbrite Inc. Class A | 3,643 | 55 |
* | Alpha & Omega Semiconductor Ltd. | 1,024 | 55 |
* | PAR Technology Corp. | 1,266 | 53 |
* | Sumo Logic Inc. | 4,423 | 53 |
* | Photronics Inc. | 2,789 | 51 |
* | Thoughtworks Holding Inc. | 2,146 | 49 |
* | Ichor Holdings Ltd. | 1,344 | �� 47 |
*,1 | Skillz Inc. Class A | 14,972 | 47 |
* | Model N Inc. | 1,882 | 46 |
* | Agilysys Inc. | 1,076 | 45 |
* | CEVA Inc. | 1,095 | 45 |
* | SMART Global Holdings Inc. | 1,656 | 45 |
* | Consensus Cloud Solutions Inc. | 799 | 45 |
* | Parsons Corp. | 1,265 | 44 |
Benchmark Electronics Inc. | 1,653 | 43 | |
* | PDF Solutions Inc. | 1,513 | 41 |
Sapiens International Corp. NV | 1,505 | 41 | |
A10 Networks Inc. | 2,800 | 40 | |
* | NeoPhotonics Corp. | 2,639 | 40 |
* | ScanSource Inc. | 1,262 | 40 |
* | Yext Inc. | 5,395 | 40 |
* | Paycor HCM Inc. | 1,395 | 39 |
* | Informatica Inc. Class A | 1,867 | 38 |
Ebix Inc. | 1,230 | 36 | |
* | Vroom Inc. | 5,958 | 36 |
* | MicroVision Inc. | 8,698 | 35 |
* | nLight Inc. | 2,066 | 34 |
American Software Inc. Class A | 1,513 | 33 |
Shares | Market Value• ($000) | ||
* | Bandwidth Inc. Class A | 1,095 | 33 |
* | Porch Group Inc. | 3,964 | 32 |
* | Mitek Systems Inc. | 2,060 | 31 |
* | Tucows Inc. Class A | 465 | 31 |
* | Diebold Nixdorf Inc. | 3,360 | 29 |
Simulations Plus Inc. | 743 | 29 | |
* | Rackspace Technology Inc. | 2,609 | 29 |
Hackett Group Inc. | 1,366 | 28 | |
* | Grid Dynamics Holdings Inc. | 2,294 | 28 |
* | Datto Holding Corp. | 1,166 | 27 |
* | Ouster Inc. | 7,912 | 27 |
* | ChannelAdvisor Corp. | 1,420 | 26 |
* | Upland Software Inc. | 1,389 | 26 |
* | N-able Inc. | 2,216 | 26 |
* | Limelight Networks Inc. | 6,429 | 25 |
* | OneSpan Inc. | 1,716 | 24 |
PC Connection Inc. | 496 | 24 | |
* | Veritone Inc. | 1,379 | 23 |
* | Groupon Inc. Class A | 1,073 | 23 |
* | Alkami Technology Inc. | 1,440 | 23 |
SolarWinds Corp. | 1,708 | 23 | |
* | Aeva Technologies Inc. | 5,329 | 22 |
* | Identiv Inc. | 1,000 | 21 |
* | Telos Corp. | 1,873 | 21 |
* | ON24 Inc. | 1,262 | 20 |
* | Digimarc Corp. | 632 | 19 |
* | Kimball Electronics Inc. | 1,047 | 18 |
*,1 | Xometry Inc. Class A | 372 | 18 |
* | EngageSmart Inc. | 798 | 18 |
* | Enfusion Inc. Class A | 1,083 | 18 |
* | Atomera Inc. | 1,040 | 17 |
*,1 | Cleanspark Inc. | 1,587 | 17 |
* | TrueCar Inc. | 4,681 | 16 |
* | AXT Inc. | 1,889 | 14 |
* | Brightcove Inc. | 1,881 | 14 |
* | EverQuote Inc. Class A | 921 | 14 |
* | CoreCard Corp. | 436 | 14 |
* | Mediaalpha Inc. Class A | 1,006 | 14 |
* | Benefitfocus Inc. | 1,296 | 13 |
* | GAN Ltd. | 1,950 | 13 |
NVE Corp. | 208 | 12 | |
* | MeridianLink Inc. | 596 | 12 |
* | eGain Corp. | 949 | 11 |
* | Intapp Inc. | 471 | 11 |
* | comScore Inc. | 3,726 | 10 |
* | Kopin Corp. | 3,764 | 10 |
* | Rimini Street Inc. | 2,135 | 10 |
* | Couchbase Inc. | 455 | 10 |
*,1 | EverCommerce Inc. | 776 | 9 |
* | Daktronics Inc. | 1,663 | 8 |
* | Smith Micro Software Inc. | 1,924 | 8 |
* | GTY Technologies Holdings Inc. | 1,840 | 8 |
* | EMCORE Corp. | 1,768 | 7 |
* | Quantum Corp. | 2,711 | 7 |
* | SecureWorks Corp. Class A | 401 | 6 |
* | VirnetX Holding Corp. | 2,928 | 5 |
* | SkyWater Technology Inc. | 397 | 5 |
* | 1stdibs.com Inc. | 438 | 5 |
* | Stronghold Digital Mining Inc. Class A | 357 | 5 |
* | Viant Technology Inc. Class A | 543 | 4 |
* | Arteris Inc. | 254 | 4 |
* | Weave Communications Inc. | 398 | 4 |
* | Amplitude Inc. Class A | 26 | 1 |
* | Freshworks Inc. Class A | 73 | 1 |
Shares | Market Value• ($000) | ||
* | Expensify Inc. Class A | 58 | 1 |
579,919 | |||
Telecommunications (2.7%) | |||
Cisco Systems Inc. | 202,502 | 11,294 | |
Verizon Communications Inc. | 198,843 | 10,672 | |
Comcast Corp. Class A | 218,525 | 10,218 | |
AT&T Inc. | 341,966 | 8,101 | |
* | Charter Communications Inc. Class A | 5,988 | 3,603 |
* | T-Mobile US Inc. | 28,183 | 3,472 |
Motorola Solutions Inc. | 7,921 | 1,746 | |
* | Arista Networks Inc. | 11,446 | 1,405 |
* | Liberty Broadband Corp. Class C | 6,891 | 1,011 |
* | Roku Inc. | 5,648 | 788 |
Juniper Networks Inc. | 15,527 | 525 | |
Lumen Technologies Inc. | 48,533 | 503 | |
* | Ciena Corp. | 7,306 | 500 |
* | DISH Network Corp. Class A | 11,746 | 375 |
Cable One Inc. | 257 | 368 | |
* | Lumentum Holdings Inc. | 3,473 | 343 |
* | Vonage Holdings Corp. | 11,315 | 230 |
* | Iridium Communications Inc. | 5,377 | 213 |
* | Viavi Solutions Inc. | 11,636 | 191 |
* | ViaSat Inc. | 3,399 | 155 |
* | Calix Inc. | 2,704 | 147 |
* | Liberty Broadband Corp. Class A | 936 | 136 |
Cogent Communications Holdings Inc. | 1,948 | 124 | |
* | Altice USA Inc. Class A | 10,330 | 119 |
InterDigital Inc. | 1,461 | 94 | |
* | CommScope Holding Co. Inc. | 9,432 | 90 |
Ubiquiti Inc. | 327 | 83 | |
* | Infinera Corp. | 8,570 | 79 |
Telephone and Data Systems Inc. | 4,496 | 78 | |
* | Liberty Latin America Ltd. Class C | 7,318 | 74 |
* | 8x8 Inc. | 5,291 | 69 |
* | Extreme Networks Inc. | 5,716 | 66 |
* | Plantronics Inc. | 2,182 | 61 |
* | fuboTV Inc. | 6,561 | 56 |
ADTRAN Inc. | 2,466 | 51 | |
Shenandoah Telecommunications Co. | 2,217 | 50 | |
* | EchoStar Corp. Class A | 1,792 | 44 |
* | Gogo Inc. | 2,946 | 42 |
* | WideOpenWest Inc. | 2,467 | 42 |
* | Harmonic Inc. | 4,324 | 40 |
* | IDT Corp. Class B | 1,046 | 38 |
* | NETGEAR Inc. | 1,439 | 38 |
* | Clearfield Inc. | 575 | 37 |
* | Globalstar Inc. | 29,471 | 35 |
* | Digi International Inc. | 1,636 | 33 |
* | Anterix Inc. | 540 | 29 |
* | Consolidated Communications Holdings Inc. | 3,889 | 28 |
Comtech Telecommunications Corp. | 1,274 | 26 | |
* | Liberty Latin America Ltd. Class A | 2,078 | 21 |
* | Inseego Corp. | 4,042 | 19 |
* | United States Cellular Corp. | 689 | 19 |
* | Ooma Inc. | 1,091 | 18 |
Shares | Market Value• ($000) | ||
ATN International Inc. | 499 | 17 | |
* | Akoustis Technologies Inc. | 2,107 | 13 |
* | CalAmp Corp. | 1,854 | 13 |
* | Cambium Networks Corp. | 467 | 13 |
* | Aviat Networks Inc. | 468 | 13 |
* | DZS Inc. | 846 | 12 |
* | Telesat Corp. | 594 | 12 |
* | Ribbon Communications Inc. | 3,408 | 10 |
* | KVH Industries Inc. | 798 | 7 |
* | Casa Systems Inc. | 1,540 | 6 |
* | Hemisphere Media Group Inc. Class A | 805 | 4 |
* | Kaltura Inc. | 849 | 2 |
* | IHS Holding Ltd. | 106 | 1 |
57,722 | |||
Utilities (2.8%) | |||
NextEra Energy Inc. | 93,937 | 7,352 | |
Duke Energy Corp. | 37,088 | 3,724 | |
Southern Co. | 51,002 | 3,303 | |
Dominion Energy Inc. | 38,612 | 3,071 | |
Waste Management Inc. | 20,331 | 2,936 | |
Sempra Energy (XNYS) | 15,276 | 2,203 | |
American Electric Power Co. Inc. | 24,120 | 2,186 | |
Exelon Corp. | 46,844 | 1,994 | |
Xcel Energy Inc. | 25,716 | 1,731 | |
Public Service Enterprise Group Inc. | 24,072 | 1,561 | |
Consolidated Edison Inc. | 16,975 | 1,456 | |
WEC Energy Group Inc. | 15,039 | 1,367 | |
Eversource Energy | 16,357 | 1,338 | |
American Water Works Co. Inc. | 8,690 | 1,313 | |
Republic Services Inc. Class A | 10,074 | 1,212 | |
DTE Energy Co. | 9,326 | 1,134 | |
Edison International | 17,748 | 1,126 | |
FirstEnergy Corp. | 25,949 | 1,086 | |
Ameren Corp. | 12,262 | 1,054 | |
Entergy Corp. | 9,628 | 1,013 | |
PPL Corp. | 36,023 | 943 | |
CMS Energy Corp. | 13,880 | 888 | |
* | PG&E Corp. | 71,703 | 815 |
CenterPoint Energy Inc. | 28,395 | 777 | |
Constellation Energy Corp. | 15,690 | 721 | |
Alliant Energy Corp. | 11,912 | 696 | |
Atmos Energy Corp. | 6,220 | 683 | |
Evergy Inc. | 10,944 | 683 | |
AES Corp. | 31,571 | 670 | |
NiSource Inc. | 18,888 | 546 | |
Essential Utilities Inc. | 11,097 | 523 | |
Vistra Corp. | 22,821 | 521 | |
NRG Energy Inc. | 11,654 | 441 | |
UGI Corp. | 10,044 | 386 | |
Pinnacle West Capital Corp. | 5,405 | 383 | |
OGE Energy Corp. | 9,676 | 363 | |
* | Sunrun Inc. | 9,807 | 268 |
National Fuel Gas Co. | 4,254 | 265 | |
* | Stericycle Inc. | 4,406 | 257 |
IDACORP Inc. | 2,409 | 250 | |
* | Clean Harbors Inc. | 2,449 | 234 |
* | Evoqua Water Technologies Corp. | 5,427 | 232 |
Brookfield Renewable Corp. Class A | 5,970 | 223 | |
Black Hills Corp. | 3,052 | 214 |
Shares | Market Value• ($000) | ||
Hawaiian Electric Industries Inc. | 5,123 | 210 | |
* | Southwest Gas Holdings Inc. | 2,962 | 210 |
Portland General Electric Co. | 4,043 | 205 | |
ONE Gas Inc. | 2,373 | 197 | |
Brookfield Infrastructure Corp. Class A (XTSE) | 2,800 | 197 | |
New Jersey Resources Corp. | 4,450 | 194 | |
PNM Resources Inc. | 4,000 | 181 | |
* | Casella Waste Systems Inc. Class A | 2,281 | 172 |
South Jersey Industries Inc. | 4,793 | 163 | |
Ormat Technologies Inc. (XNYS) | 2,219 | 158 | |
NorthWestern Corp. | 2,561 | 155 | |
Spire Inc. | 2,312 | 155 | |
ALLETE Inc. | 2,417 | 152 | |
Avista Corp. | 3,224 | 144 | |
California Water Service Group | 2,492 | 142 | |
American States Water Co. | 1,531 | 129 | |
Avangrid Inc. | 2,869 | 129 | |
Clearway Energy Inc. Class C | 3,620 | 121 | |
MGE Energy Inc. | 1,651 | 119 | |
Chesapeake Utilities Corp. | 833 | 111 | |
SJW Group | 1,370 | 89 | |
Middlesex Water Co. | 850 | 85 | |
* | Sunnova Energy International Inc. | 4,184 | 84 |
* | US Ecology Inc. | 1,458 | 69 |
Northwest Natural Holding Co. | 1,302 | 68 | |
Clearway Energy Inc. Class A | 2,105 | 64 | |
* | Harsco Corp. | 3,802 | 45 |
Unitil Corp. | 718 | 36 | |
York Water Co. | 598 | 27 | |
Artesian Resources Corp. Class A | 403 | 19 | |
* | Heritage-Crystal Clean Inc. | 692 | 19 |
Aris Water Solution Inc. Class A | 924 | 13 | |
* | Pure Cycle Corp. | 931 | 11 |
Global Water Resources Inc. | 630 | 10 | |
Via Renewables Inc. Class A | 617 | 7 | |
58,032 | |||
Total Common Stocks (Cost $1,509,124) | 2,095,634 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (0.1%) | |||
Money Market Fund (0.1%) | |||
4,5 | Vanguard Market Liquidity Fund, 0.138% (Cost $2,826) | 28,268 | 2,826 |
Total Investments (99.9%) (Cost $1,511,950) | 2,098,460 | ||
Other Assets and Liabilities—Net (0.1%) | 1,479 | ||
Net Assets (100%) | 2,099,939 | ||
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 $1,263,000. |
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 $1,322,000 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 | March 2022 | 6 | 613 | 2 |
E-mini S&P 500 Index | March 2022 | 14 | 3,058 | (58) |
(56) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $1,509,124) | 2,095,634 |
Affiliated Issuers (Cost $2,826) | 2,826 |
Total Investments in Securities | 2,098,460 |
Investment in Vanguard | 73 |
Cash Collateral Pledged—Futures Contracts | 190 |
Receivables for Investment Securities Sold | 132 |
Receivables for Accrued Income | 2,527 |
Receivables for Capital Shares Issued | 53 |
Total Assets | 2,101,435 |
Liabilities | |
Due to Custodian | 73 |
Payables for Investment Securities Purchased | 22 |
Collateral for Securities on Loan | 1,322 |
Payables for Capital Shares Redeemed | 4 |
Payables to Vanguard | 68 |
Variation Margin Payable—Futures Contracts | 7 |
Total Liabilities | 1,496 |
Net Assets | 2,099,939 |
At February 28, 2022, net assets consisted of: | |
Paid-in Capital | 1,380,689 |
Total Distributable Earnings (Loss) | 719,250 |
Net Assets | 2,099,939 |
ETF Shares—Net Assets | |
Applicable to 5,900,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,167,335 |
Net Asset Value Per Share—ETF Shares | $197.85 |
Institutional Shares—Net Assets | |
Applicable to 2,435,188 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 932,604 |
Net Asset Value Per Share—Institutional Shares | $382.97 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 14,578 |
Interest2 | 2 |
Securities Lending—Net | 30 |
Total Income | 14,610 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 84 |
Management and Administrative—ETF Shares | 390 |
Management and Administrative—Institutional Shares | 333 |
Marketing and Distribution—ETF Shares | 22 |
Marketing and Distribution—Institutional Shares | 27 |
Custodian Fees | 127 |
Shareholders’ Reports—ETF Shares | 19 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 8 |
Total Expenses | 1,012 |
Net Investment Income | 13,598 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 167,601 |
Futures Contracts | (422) |
Realized Net Gain (Loss) | 167,179 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (283,499) |
Futures Contracts | (354) |
Change in Unrealized Appreciation (Depreciation) | (283,853) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (103,076) |
1 | Dividends are net of foreign withholding taxes of $5,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $2,000, less than $1,000, less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $173,709,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 13,598 | 26,666 | |
Realized Net Gain (Loss) | 167,179 | 176,329 | |
Change in Unrealized Appreciation (Depreciation) | (283,853) | 371,737 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (103,076) | 574,732 | |
Distributions | |||
ETF Shares | (7,875) | (11,774) | |
Institutional Shares | (7,851) | (14,477) | |
Total Distributions | (15,726) | (26,251) | |
Capital Share Transactions | |||
ETF Shares | 102,794 | 160,316 | |
Institutional Shares | (161,957) | (159,141) | |
Net Increase (Decrease) from Capital Share Transactions | (59,163) | 1,175 | |
Total Increase (Decrease) | (177,965) | 549,656 | |
Net Assets | |||
Beginning of Period | 2,277,904 | 1,728,248 | |
End of Period | 2,099,939 | 2,277,904 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $208.13 | $158.71 | $133.26 | $133.98 | $113.52 | $99.77 |
Investment Operations | ||||||
Net Investment Income1 | 1.230 | 2.385 | 2.416 | 2.312 | 2.099 | 1.980 |
Net Realized and Unrealized Gain (Loss) on Investments | (10.115) | 49.386 | 25.494 | (.730) | 20.442 | 13.722 |
Total from Investment Operations | (8.885) | 51.771 | 27.910 | 1.582 | 22.541 | 15.702 |
Distributions | ||||||
Dividends from Net Investment Income | (1.395) | (2.351) | (2.460) | (2.302) | (2.081) | (1.952) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.395) | (2.351) | (2.460) | (2.302) | (2.081) | (1.952) |
Net Asset Value, End of Period | $197.85 | $208.13 | $158.71 | $133.26 | $133.98 | $113.52 |
Total Return | -4.29% | 32.90% | 21.31% | 1.25% | 20.07% | 15.92% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,167 | $1,124 | $710 | $463 | $412 | $343 |
Ratio of Total Expenses to Average Net Assets | 0.10% | 0.10% | 0.10% | 0.10% | 0.15% | 0.15% |
Ratio of Net Investment Income to Average Net Assets | 1.21% | 1.31% | 1.74% | 1.79% | 1.70% | 1.85% |
Portfolio Turnover Rate2 | 5% | 10% | 8% | 10% | 14% | 16% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $402.86 | $307.19 | $257.87 | $259.33 | $219.72 | $193.10 |
Investment Operations | ||||||
Net Investment Income1 | 2.469 | 4.689 | 4.739 | 4.499 | 4.220 | 3.952 |
Net Realized and Unrealized Gain (Loss) on Investments | (19.623) | 95.580 | 49.347 | (1.394) | 39.578 | 26.583 |
Total from Investment Operations | (17.154) | 100.269 | 54.086 | 3.105 | 43.798 | 30.535 |
Distributions | ||||||
Dividends from Net Investment Income | (2.736) | (4.599) | (4.766) | (4.565) | (4.188) | (3.915) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.736) | (4.599) | (4.766) | (4.565) | (4.188) | (3.915) |
Net Asset Value, End of Period | $382.97 | $402.86 | $307.19 | $257.87 | $259.33 | $219.72 |
Total Return | -4.29% | 32.94% | 21.38% | 1.27% | 20.15% | 16.00% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $933 | $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% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.25% | 1.34% | 1.76% | 1.81% | 1.77% | 1.92% |
Portfolio Turnover Rate2 | 5% | 10% | 8% | 10% | 14% | 16% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 2,095,612 | 16 | 6 | 2,095,634 |
Temporary Cash Investments | 2,826 | — | — | 2,826 |
Total | 2,098,438 | 16 | 6 | 2,098,460 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts | 2 | — | — | 2 |
Liabilities | ||||
Futures Contracts1 | 58 | — | — | 58 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 1,517,647 |
Gross Unrealized Appreciation | 669,269 |
Gross Unrealized Depreciation | (88,512) |
Net Unrealized Appreciation (Depreciation) | 580,757 |
E. | During the six months ended February 28, 2022, the fund purchased $351,600,000 of investment securities and sold $408,508,000 of investment securities, other than temporary cash investments. Purchases and sales include $130,470,000 and $302,644,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 318,424 | 1,525 | 478,092 | 2,675 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (215,630) | (1,025) | (317,776) | (1,750) | |
Net Increase (Decrease)—ETF Shares | 102,794 | 500 | 160,316 | 925 | |
Institutional Shares | |||||
Issued | 211,926 | 510 | 264,939 | 764 | |
Issued in Lieu of Cash Distributions | 7,117 | 18 | 12,831 | 38 | |
Redeemed | (381,000) | (957) | (436,911) | (1,252) | |
Net Increase (Decrease)—Institutional Shares | (161,957) | (429) | (159,141) | (450) |
G. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
All rights reserved.
U.S. Patent Nos. 6,879,964.
Vanguard Marketing Corporation, Distributor.
Vanguard Short-Term Treasury Index Fund |
Vanguard Intermediate-Term Treasury Index Fund |
Vanguard Long-Term Treasury Index Fund |
Vanguard Short-Term Corporate Bond Index Fund |
Vanguard Intermediate-Term Corporate Bond Index Fund |
Vanguard Long-Term Corporate Bond Index Fund |
Vanguard Mortgage-Backed Securities Index Fund |
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2022 | |||
Beginning Account Value 8/31/2021 | Ending Account Value 2/28/2022 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Short-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $981.90 | $0.20 |
Admiral™ Shares | 1,000.00 | 982.00 | 0.34 |
Institutional Shares | 1,000.00 | 982.00 | 0.25 |
Intermediate-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $963.30 | $0.19 |
Admiral Shares | 1,000.00 | 963.10 | 0.34 |
Institutional Shares | 1,000.00 | 963.00 | 0.24 |
Long-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $945.10 | $0.19 |
Admiral Shares | 1,000.00 | 945.10 | 0.34 |
Institutional Shares | 1,000.00 | 945.10 | 0.24 |
Short-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $971.70 | $0.20 |
Admiral Shares | 1,000.00 | 971.30 | 0.34 |
Institutional Shares | 1,000.00 | 971.50 | 0.24 |
Intermediate-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $946.20 | $0.19 |
Admiral Shares | 1,000.00 | 945.90 | 0.34 |
Institutional Shares | 1,000.00 | 945.90 | 0.24 |
Long-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $906.80 | $0.19 |
Admiral Shares | 1,000.00 | 906.70 | 0.33 |
Institutional Shares | 1,000.00 | 906.70 | 0.24 |
Mortgage-Backed Securities Index Fund | |||
ETF Shares | $1,000.00 | $967.80 | $0.20 |
Admiral Shares | 1,000.00 | 967.90 | 0.34 |
Institutional Shares | 1,000.00 | 967.90 | 0.24 |
Six Months Ended February 28, 2022 | |||
Beginning Account Value 8/31/2021 | Ending Account Value 2/28/2022 | Expenses Paid During Period | |
Based on Hypothetical 5% Yearly Return | |||
Short-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,024.60 | $0.20 |
Admiral Shares | 1,000.00 | 1,024.45 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.55 | 0.25 |
Intermediate-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,024.60 | $0.20 |
Admiral Shares | 1,000.00 | 1,024.45 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.55 | 0.25 |
Long-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,024.60 | $0.20 |
Admiral Shares | 1,000.00 | 1,024.45 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.55 | 0.25 |
Short-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,024.60 | $0.20 |
Admiral Shares | 1,000.00 | 1,024.45 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.55 | 0.25 |
Intermediate-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,024.60 | $0.20 |
Admiral Shares | 1,000.00 | 1,024.45 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.55 | 0.25 |
Long-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,024.60 | $0.20 |
Admiral Shares | 1,000.00 | 1,024.45 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.55 | 0.25 |
Mortgage-Backed Securities Index Fund | |||
ETF Shares | $1,000.00 | $1,024.60 | $0.20 |
Admiral Shares | 1,000.00 | 1,024.45 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.55 | 0.25 |
Under 1 Year | 0.0% |
1 - 2 Years | 55.0 |
2 - 3 Years | 43.8 |
3 - 4 Years | 1.2 |
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 | 1.375% | 2/15/23 | 2 | 2 | ||
United States Treasury Note/Bond | 2.000% | 2/15/23 | 306 | 309 | ||
United States Treasury Note/Bond | 1.500% | 2/28/23 | 4 | 4 | ||
United States Treasury Note/Bond | 2.625% | 2/28/23 | 4 | 4 | ||
United States Treasury Note/Bond | 0.500% | 3/15/23 | 19,149 | 19,029 | ||
United States Treasury Note/Bond | 0.125% | 3/31/23 | 218,552 | 216,162 | ||
United States Treasury Note/Bond | 1.500% | 3/31/23 | 225,311 | 226,156 | ||
United States Treasury Note/Bond | 2.500% | 3/31/23 | 206,808 | 209,813 | ||
United States Treasury Note/Bond | 0.250% | 4/15/23 | 304,781 | 301,686 | ||
United States Treasury Note/Bond | 0.125% | 4/30/23 | 224,313 | 221,544 | ||
United States Treasury Note/Bond | 1.625% | 4/30/23 | 45,125 | 45,351 | ||
United States Treasury Note/Bond | 2.750% | 4/30/23 | 57,672 | 58,708 | ||
United States Treasury Note/Bond | 0.125% | 5/15/23 | 275,699 | 272,253 | ||
United States Treasury Note/Bond | 1.750% | 5/15/23 | 204,204 | 205,576 | ||
United States Treasury Note/Bond | 0.125% | 5/31/23 | 186,481 | 183,946 | ||
United States Treasury Note/Bond | 1.625% | 5/31/23 | 53,814 | 54,091 | ||
United States Treasury Note/Bond | 2.750% | 5/31/23 | 110,004 | 112,084 | ||
United States Treasury Note/Bond | 0.250% | 6/15/23 | 273,989 | 270,607 | ||
United States Treasury Note/Bond | 0.125% | 6/30/23 | 190,092 | 187,270 | ||
United States Treasury Note/Bond | 1.375% | 6/30/23 | 176,953 | 177,257 | ||
United States Treasury Note/Bond | 2.625% | 6/30/23 | 55,239 | 56,232 | ||
United States Treasury Note/Bond | 0.125% | 7/15/23 | 294,220 | 289,715 | ||
United States Treasury Note/Bond | 0.125% | 7/31/23 | 178,462 | 175,534 | ||
United States Treasury Note/Bond | 1.250% | 7/31/23 | 96,366 | 96,336 | ||
United States Treasury Note/Bond | 2.750% | 7/31/23 | 72,163 | 73,663 | ||
United States Treasury Note/Bond | 0.125% | 8/15/23 | 272,990 | 268,341 | ||
United States Treasury Note/Bond | 2.500% | 8/15/23 | 282,355 | 287,252 | ||
United States Treasury Note/Bond | 6.250% | 8/15/23 | 12,745 | 13,645 | ||
United States Treasury Note/Bond | 0.125% | 8/31/23 | 75,362 | 74,043 | ||
United States Treasury Note/Bond | 1.375% | 8/31/23 | 235,113 | 235,260 | ||
United States Treasury Note/Bond | 2.750% | 8/31/23 | 63,873 | 65,220 | ||
United States Treasury Note/Bond | 0.125% | 9/15/23 | 284,389 | 279,234 | ||
United States Treasury Note/Bond | 0.250% | 9/30/23 | 173,873 | 170,885 | ||
United States Treasury Note/Bond | 1.375% | 9/30/23 | 239,632 | 239,707 | ||
United States Treasury Note/Bond | 2.875% | 9/30/23 | 106,402 | 108,929 | ||
United States Treasury Note/Bond | 0.125% | 10/15/23 | 303,136 | 297,073 | ||
United States Treasury Note/Bond | 0.375% | 10/31/23 | 180,189 | 177,176 | ||
United States Treasury Note/Bond | 1.625% | 10/31/23 | 188,324 | 189,060 | ||
United States Treasury Note/Bond | 2.875% | 10/31/23 | 215,372 | 220,588 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 0.250% | 11/15/23 | 349,992 | 343,266 | ||
United States Treasury Note/Bond | 2.750% | 11/15/23 | 275,528 | 281,770 | ||
United States Treasury Note/Bond | 0.500% | 11/30/23 | 130,321 | 128,285 | ||
United States Treasury Note/Bond | 2.125% | 11/30/23 | 117,758 | 119,212 | ||
United States Treasury Note/Bond | 2.875% | 11/30/23 | 73,690 | 75,555 | ||
United States Treasury Note/Bond | 0.125% | 12/15/23 | 319,167 | 311,886 | ||
United States Treasury Note/Bond | 0.750% | 12/31/23 | 164,692 | 162,659 | ||
United States Treasury Note/Bond | 2.250% | 12/31/23 | 43,934 | 44,572 | ||
United States Treasury Note/Bond | 2.625% | 12/31/23 | 74,798 | 76,422 | ||
United States Treasury Note/Bond | 0.125% | 1/15/24 | 347,717 | 339,241 | ||
United States Treasury Note/Bond | 0.875% | 1/31/24 | 211,373 | 209,127 | ||
United States Treasury Note/Bond | 2.250% | 1/31/24 | 160,035 | 162,435 | ||
United States Treasury Note/Bond | 2.500% | 1/31/24 | 81,189 | 82,775 | ||
United States Treasury Note/Bond | 0.125% | 2/15/24 | 390,456 | 380,390 | ||
United States Treasury Note/Bond | 2.750% | 2/15/24 | 334,082 | 342,382 | ||
United States Treasury Note/Bond | 1.500% | 2/29/24 | 93,515 | 93,603 | ||
United States Treasury Note/Bond | 2.125% | 2/29/24 | 69,917 | 70,802 | ||
United States Treasury Note/Bond | 2.375% | 2/29/24 | 78,291 | 79,661 | ||
United States Treasury Note/Bond | 0.250% | 3/15/24 | 287,506 | 280,273 | ||
United States Treasury Note/Bond | 2.125% | 3/31/24 | 230,392 | 233,344 | ||
United States Treasury Note/Bond | 0.375% | 4/15/24 | 385,170 | 375,962 | ||
United States Treasury Note/Bond | 2.000% | 4/30/24 | 52,686 | 53,213 | ||
United States Treasury Note/Bond | 2.250% | 4/30/24 | 170,685 | 173,352 | ||
United States Treasury Note/Bond | 0.250% | 5/15/24 | 377,100 | 366,553 | ||
United States Treasury Note/Bond | 2.500% | 5/15/24 | 294,811 | 300,938 | ||
United States Treasury Note/Bond | 2.000% | 5/31/24 | 202,103 | 204,124 | ||
United States Treasury Note/Bond | 0.250% | 6/15/24 | 341,703 | 331,719 | ||
United States Treasury Note/Bond | 1.750% | 6/30/24 | 153,232 | 153,950 | ||
United States Treasury Note/Bond | 2.000% | 6/30/24 | 52,832 | 53,377 | ||
United States Treasury Note/Bond | 0.375% | 7/15/24 | 333,264 | 324,047 | ||
United States Treasury Note/Bond | 1.750% | 7/31/24 | 65,053 | 65,338 | ||
United States Treasury Note/Bond | 2.125% | 7/31/24 | 53,332 | 54,032 | ||
United States Treasury Note/Bond | 0.375% | 8/15/24 | 486,195 | 472,065 | ||
United States Treasury Note/Bond | 2.375% | 8/15/24 | 174,155 | 177,420 | ||
United States Treasury Note/Bond | 1.250% | 8/31/24 | 122,575 | 121,560 | ||
United States Treasury Note/Bond | 1.875% | 8/31/24 | 93,129 | 93,784 | ||
United States Treasury Note/Bond | 0.375% | 9/15/24 | 359,842 | 348,878 | ||
United States Treasury Note/Bond | 1.500% | 9/30/24 | 112,982 | 112,682 | ||
United States Treasury Note/Bond | 2.125% | 9/30/24 | 50,410 | 51,072 | ||
United States Treasury Note/Bond | 0.625% | 10/15/24 | 328,941 | 320,666 | ||
United States Treasury Note/Bond | 1.500% | 10/31/24 | 116,347 | 116,002 | ||
United States Treasury Note/Bond | 2.250% | 10/31/24 | 58,371 | 59,338 | ||
United States Treasury Note/Bond | 0.750% | 11/15/24 | 511,950 | 500,110 | ||
United States Treasury Note/Bond | 2.250% | 11/15/24 | 179,850 | 182,885 | ||
United States Treasury Note/Bond | 1.500% | 11/30/24 | 118,908 | 118,518 | ||
United States Treasury Note/Bond | 2.125% | 11/30/24 | 80,734 | 81,806 | ||
United States Treasury Note/Bond | 1.000% | 12/15/24 | 296,708 | 291,701 | ||
United States Treasury Note/Bond | 1.750% | 12/31/24 | 101,853 | 102,187 | ||
United States Treasury Note/Bond | 2.250% | 12/31/24 | 73,246 | 74,505 | ||
United States Treasury Note/Bond | 1.125% | 1/15/25 | 295,085 | 290,889 | ||
United States Treasury Note/Bond | 1.375% | 1/31/25 | 118,530 | 117,641 | ||
United States Treasury Note/Bond | 2.500% | 1/31/25 | 23,848 | 24,429 | ||
United States Treasury Note/Bond | 1.500% | 2/15/25 | 474,935 | 473,006 | ||
United States Treasury Note/Bond | 2.000% | 2/15/25 | 137,901 | 139,280 | ||
United States Treasury Note/Bond | 1.125% | 2/28/25 | 154,597 | 152,254 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 2.750% | 2/28/25 | 72,951 | 75,276 | ||
United States Treasury Note/Bond | 0.500% | 3/31/25 | 86,890 | 83,862 | ||
United States Treasury Note/Bond | 2.625% | 3/31/25 | 57,384 | 59,052 | ||
United States Treasury Note/Bond | 2.875% | 4/30/25 | 54,401 | 56,407 | ||
Total U.S. Government and Agency Obligations (Cost $17,354,274) | 17,051,285 | |||||
Shares | ||||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $2,226) | 0.138% | 22,265 | 2,226 | ||
Total Investments (99.7%) (Cost $17,356,500) | 17,053,511 | |||||
Other Assets and Liabilities—Net (0.3%) | 42,879 | |||||
Net Assets (100%) | 17,096,390 |
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 $17,354,274) | 17,051,285 |
Affiliated Issuers (Cost $2,226) | 2,226 |
Total Investments in Securities | 17,053,511 |
Investment in Vanguard | 576 |
Receivables for Investment Securities Sold | 870,033 |
Receivables for Accrued Income | 39,241 |
Receivables for Capital Shares Issued | 4,591 |
Total Assets | 17,967,952 |
Liabilities | |
Due to Custodian | 7 |
Payables for Investment Securities Purchased | 869,130 |
Payables for Capital Shares Redeemed | 1,935 |
Payables for Distributions | 219 |
Payables to Vanguard | 271 |
Total Liabilities | 871,562 |
Net Assets | 17,096,390 |
Statement of Assets and Liabilities (continued) | |
At February 28, 2022, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 17,411,138 |
Total Distributable Earnings (Loss) | (314,748) |
Net Assets | 17,096,390 |
ETF Shares—Net Assets | |
Applicable to 228,977,650 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 13,764,190 |
Net Asset Value Per Share—ETF Shares | $60.11 |
Admiral Shares—Net Assets | |
Applicable to 111,655,358 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,238,496 |
Net Asset Value Per Share—Admiral Shares | $20.05 |
Institutional Shares—Net Assets | |
Applicable to 43,423,522 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,093,704 |
Net Asset Value Per Share—Institutional Shares | $25.19 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 30,065 |
Total Income | 30,065 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 164 |
Management and Administrative—ETF Shares | 2,164 |
Management and Administrative—Admiral Shares | 696 |
Management and Administrative—Institutional Shares | 250 |
Marketing and Distribution—ETF Shares | 254 |
Marketing and Distribution—Admiral Shares | 73 |
Marketing and Distribution—Institutional Shares | 33 |
Custodian Fees | 15 |
Shareholders’ Reports—ETF Shares | 125 |
Shareholders’ Reports—Admiral Shares | 11 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 4 |
Other Expenses | 7 |
Total Expenses | 3,797 |
Net Investment Income | 26,268 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | (10,022) |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (323,790) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (307,544) |
1 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $9,000, $3,000, $2,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes ($10,014,000) of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 26,268 | 68,639 | |
Realized Net Gain (Loss) | (10,022) | 81,417 | |
Change in Unrealized Appreciation (Depreciation) | (323,790) | (133,475) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (307,544) | 16,581 | |
Distributions | |||
ETF Shares | (63,591) | (110,961) | |
Admiral Shares | (10,252) | (27,852) | |
Institutional Shares | (5,647) | (12,476) | |
Total Distributions | (79,490) | (151,289) | |
Capital Share Transactions | |||
ETF Shares | 677,182 | 4,351,856 | |
Admiral Shares | (139,265) | (291,770) | |
Institutional Shares | (16,176) | 44,764 | |
Net Increase (Decrease) from Capital Share Transactions | 521,741 | 4,104,850 | |
Total Increase (Decrease) | 134,707 | 3,970,142 | |
Net Assets | |||
Beginning of Period | 16,961,683 | 12,991,541 | |
End of Period | 17,096,390 | 16,961,683 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $61.50 | $62.13 | $61.12 | $59.89 | $60.86 | $61.14 |
Investment Operations | ||||||
Net Investment Income1 | .095 | .288 | .956 | 1.430 | .965 | .614 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.203) | (.220) | 1.115 | 1.165 | (1.062) | (.311) |
Total from Investment Operations | (1.108) | .068 | 2.071 | 2.595 | (.097) | .303 |
Distributions | ||||||
Dividends from Net Investment Income | (.094) | (.325) | (1.061) | (1.365) | (.873) | (.573) |
Distributions from Realized Capital Gains | (.188) | (.373) | — | — | — | (.010) |
Total Distributions | (.282) | (.698) | (1.061) | (1.365) | (.873) | (.583) |
Net Asset Value, End of Period | $60.11 | $61.50 | $62.13 | $61.12 | $59.89 | $60.86 |
Total Return | -1.81% | 0.11% | 3.43% | 4.39% | -0.15% | 0.50% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $13,764 | $13,394 | $9,140 | $5,334 | $3,080 | $1,832 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.04% | 0.05% | 0.05% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 0.31% | 0.47% | 1.55% | 2.37% | 1.61% | 1.01% |
Portfolio Turnover Rate2 | 28% | 66% | 67% | 55% | 67% | 60% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $20.51 | $20.71 | $20.35 | $19.95 | $20.29 | $20.38 |
Investment Operations | ||||||
Net Investment Income1 | .029 | .095 | .312 | .472 | .324 | .202 |
Net Realized and Unrealized Gain (Loss) on Investments | (.397) | (.078) | .375 | .384 | (.358) | (.096) |
Total from Investment Operations | (.368) | .017 | .687 | .856 | (.034) | .106 |
Distributions | ||||||
Dividends from Net Investment Income | (.029) | (.093) | (.327) | (.456) | (.306) | (.193) |
Distributions from Realized Capital Gains | (.063) | (.124) | — | — | — | (.003) |
Total Distributions | (.092) | (.217) | (.327) | (.456) | (.306) | (.196) |
Net Asset Value, End of Period | $20.05 | $20.51 | $20.71 | $20.35 | $19.95 | $20.29 |
Total Return2 | -1.80% | 0.08% | 3.41% | 4.34% | -0.16% | 0.53% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,238 | $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% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 0.28% | 0.46% | 1.52% | 2.35% | 1.61% | 1.01% |
Portfolio Turnover Rate3 | 28% | 66% | 67% | 55% | 67% | 60% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $25.77 | $26.02 | $25.57 | $25.06 | $25.49 | $25.60 |
Investment Operations | ||||||
Net Investment Income1 | .039 | .120 | .421 | .598 | .425 | .260 |
Net Realized and Unrealized Gain (Loss) on Investments | (.502) | (.092) | .445 | .490 | (.467) | (.117) |
Total from Investment Operations | (.463) | .028 | .866 | 1.088 | (.042) | .143 |
Distributions | ||||||
Dividends from Net Investment Income | (.038) | (.122) | (.416) | (.578) | (.388) | (.249) |
Distributions from Realized Capital Gains | (.079) | (.156) | — | — | — | (.004) |
Total Distributions | (.117) | (.278) | (.416) | (.578) | (.388) | (.253) |
Net Asset Value, End of Period | $25.19 | $25.77 | $26.02 | $25.57 | $25.06 | $25.49 |
Total Return | -1.80% | 0.11% | 3.42% | 4.40% | -0.16% | 0.56% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,094 | $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% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 0.30% | 0.47% | 1.63% | 2.37% | 1.63% | 1.03% |
Portfolio Turnover Rate2 | 28% | 66% | 67% | 55% | 67% | 60% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 17,051,285 | — | 17,051,285 |
Temporary Cash Investments | 2,226 | — | — | 2,226 |
Total | 2,226 | 17,051,285 | — | 17,053,511 |
D. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 17,356,655 |
Gross Unrealized Appreciation | 2,089 |
Gross Unrealized Depreciation | (305,233) |
Net Unrealized Appreciation (Depreciation) | (303,144) |
E. | During the six months ended February 28, 2022, the fund purchased $7,785,543,000 of investment securities and sold $7,262,415,000 of investment securities, other than temporary cash investments. Purchases and sales include $3,034,744,000 and $2,368,717,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 3,060,103 | 50,429 | 5,990,667 | 97,261 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (2,382,921) | (39,250) | (1,638,811) | (26,575) | |
Net Increase (Decrease)—ETF Shares | 677,182 | 11,179 | 4,351,856 | 70,686 | |
Admiral Shares | |||||
Issued | 425,874 | 20,986 | 989,015 | 48,049 | |
Issued in Lieu of Cash Distributions | 7,886 | 389 | 22,569 | 1,097 | |
Redeemed | (573,025) | (28,196) | (1,303,354) | (63,333) | |
Net Increase (Decrease)—Admiral Shares | (139,265) | (6,821) | (291,770) | (14,187) | |
Institutional Shares | |||||
Issued | 236,492 | 9,227 | 632,092 | 24,453 | |
Issued in Lieu of Cash Distributions | 4,543 | 178 | 10,629 | 412 | |
Redeemed | (257,211) | (10,139) | (597,957) | (23,156) | |
Net Increase (Decrease)—Institutional Shares | (16,176) | (734) | 44,764 | 1,709 |
G. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
0 - 2 Years | 0.0% |
2 - 4 Years | 22.2 |
4 - 6 Years | 39.3 |
6 - 8 Years | 23.2 |
8 - 10 Years | 15.3 |
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 | 2.500% | 1/31/25 | 5 | 5 | ||
United States Treasury Note/Bond | 7.625% | 2/15/25 | 3,300 | 3,871 | ||
United States Treasury Note/Bond | 0.500% | 3/31/25 | 48,202 | 46,522 | ||
United States Treasury Note/Bond | 0.375% | 4/30/25 | 144,584 | 138,801 | ||
United States Treasury Note/Bond | 2.125% | 5/15/25 | 184,898 | 187,469 | ||
United States Treasury Note/Bond | 0.250% | 5/31/25 | 161,078 | 153,754 | ||
United States Treasury Note/Bond | 2.875% | 5/31/25 | 72,378 | 75,081 | ||
United States Treasury Note/Bond | 0.250% | 6/30/25 | 169,814 | 161,854 | ||
United States Treasury Note/Bond | 2.750% | 6/30/25 | 51,819 | 53,584 | ||
United States Treasury Note/Bond | 0.250% | 7/31/25 | 99,162 | 94,390 | ||
United States Treasury Note/Bond | 2.875% | 7/31/25 | 113,117 | 117,518 | ||
United States Treasury Note/Bond | 2.000% | 8/15/25 | 169,253 | 170,893 | ||
United States Treasury Note/Bond | 0.250% | 8/31/25 | 175,749 | 167,016 | ||
United States Treasury Note/Bond | 2.750% | 8/31/25 | 89,511 | 92,630 | ||
United States Treasury Note/Bond | 0.250% | 9/30/25 | 103,961 | 98,665 | ||
United States Treasury Note/Bond | 3.000% | 9/30/25 | 56,824 | 59,363 | ||
United States Treasury Note/Bond | 0.250% | 10/31/25 | 76,304 | 72,322 | ||
United States Treasury Note/Bond | 3.000% | 10/31/25 | 71,863 | 75,108 | ||
United States Treasury Note/Bond | 2.250% | 11/15/25 | 188,297 | 191,798 | ||
United States Treasury Note/Bond | 0.375% | 11/30/25 | 187,127 | 177,917 | ||
United States Treasury Note/Bond | 2.875% | 11/30/25 | 93,461 | 97,345 | ||
United States Treasury Note/Bond | 0.375% | 12/31/25 | 60,788 | 57,739 | ||
United States Treasury Note/Bond | 2.625% | 12/31/25 | 57,341 | 59,249 | ||
United States Treasury Note/Bond | 0.375% | 1/31/26 | 90,844 | 86,160 | ||
United States Treasury Note/Bond | 2.625% | 1/31/26 | 97,761 | 101,030 | ||
United States Treasury Note/Bond | 1.625% | 2/15/26 | 197,608 | 196,713 | ||
United States Treasury Note/Bond | 0.500% | 2/28/26 | 201,330 | 191,704 | ||
United States Treasury Note/Bond | 2.500% | 2/28/26 | 5,425 | 5,582 | ||
United States Treasury Note/Bond | 0.750% | 3/31/26 | 72,468 | 69,637 | ||
United States Treasury Note/Bond | 2.250% | 3/31/26 | 128,848 | 131,385 | ||
United States Treasury Note/Bond | 0.750% | 4/30/26 | 101,936 | 97,859 | ||
United States Treasury Note/Bond | 2.375% | 4/30/26 | 95,355 | 97,739 | ||
United States Treasury Note/Bond | 1.625% | 5/15/26 | 192,473 | 191,450 | ||
United States Treasury Note/Bond | 0.750% | 5/31/26 | 117,810 | 112,987 | ||
United States Treasury Note/Bond | 2.125% | 5/31/26 | 52,444 | 53,239 | ||
United States Treasury Note/Bond | 0.875% | 6/30/26 | 99,936 | 96,298 | ||
United States Treasury Note/Bond | 1.875% | 6/30/26 | ��87,942 | 88,409 | ||
United States Treasury Note/Bond | 0.625% | 7/31/26 | 77,478 | 73,774 | ||
United States Treasury Note/Bond | 1.875% | 7/31/26 | 133,993 | 134,705 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 1.500% | 8/15/26 | 207,380 | 205,144 | ||
United States Treasury Note/Bond | 6.750% | 8/15/26 | 5,331 | 6,467 | ||
United States Treasury Note/Bond | 0.750% | 8/31/26 | 164,220 | 157,138 | ||
United States Treasury Note/Bond | 1.375% | 8/31/26 | 25,355 | 24,947 | ||
United States Treasury Note/Bond | 0.875% | 9/30/26 | 106,736 | 102,617 | ||
United States Treasury Note/Bond | 1.625% | 9/30/26 | 65,662 | 65,303 | ||
United States Treasury Note/Bond | 1.125% | 10/31/26 | 101,901 | 99,035 | ||
United States Treasury Note/Bond | 1.625% | 10/31/26 | 64,718 | 64,364 | ||
United States Treasury Note/Bond | 2.000% | 11/15/26 | 177,420 | 179,416 | ||
United States Treasury Note/Bond | 6.500% | 11/15/26 | 7,377 | 8,946 | ||
United States Treasury Note/Bond | 1.250% | 11/30/26 | 163,348 | 159,673 | ||
United States Treasury Note/Bond | 1.625% | 11/30/26 | 66,845 | 66,469 | ||
United States Treasury Note/Bond | 1.250% | 12/31/26 | 164,479 | 160,727 | ||
United States Treasury Note/Bond | 1.750% | 12/31/26 | 63,824 | 63,834 | ||
United States Treasury Note/Bond | 1.500% | 1/31/27 | 168,594 | 166,645 | ||
United States Treasury Note/Bond | 2.250% | 2/15/27 | 161,767 | 165,559 | ||
United States Treasury Note/Bond | 6.625% | 2/15/27 | 3,015 | 3,703 | ||
United States Treasury Note/Bond | 1.125% | 2/28/27 | 33,463 | 32,459 | ||
United States Treasury Note/Bond | 1.875% | 2/28/27 | 154,620 | 155,683 | ||
United States Treasury Note/Bond | 0.625% | 3/31/27 | 68,162 | 64,434 | ||
United States Treasury Note/Bond | 0.500% | 4/30/27 | 97,257 | 91,254 | ||
United States Treasury Note/Bond | 2.375% | 5/15/27 | 201,738 | 207,790 | ||
United States Treasury Note/Bond | 0.500% | 5/31/27 | 100,283 | 93,937 | ||
United States Treasury Note/Bond | 0.500% | 6/30/27 | 96,331 | 90,100 | ||
United States Treasury Note/Bond | 0.375% | 7/31/27 | 141,853 | 131,679 | ||
United States Treasury Note/Bond | 2.250% | 8/15/27 | 190,674 | 195,351 | ||
United States Treasury Note/Bond | 6.375% | 8/15/27 | 3,000 | 3,713 | ||
United States Treasury Note/Bond | 0.500% | 8/31/27 | 169,107 | 157,772 | ||
United States Treasury Note/Bond | 0.375% | 9/30/27 | 146,232 | 135,333 | ||
United States Treasury Note/Bond | 0.500% | 10/31/27 | 92,120 | 85,758 | ||
United States Treasury Note/Bond | 2.250% | 11/15/27 | 161,106 | 165,058 | ||
United States Treasury Note/Bond | 6.125% | 11/15/27 | 10,997 | 13,576 | ||
United States Treasury Note/Bond | 0.625% | 11/30/27 | 179,459 | 167,990 | ||
United States Treasury Note/Bond | 0.625% | 12/31/27 | 95,593 | 89,424 | ||
United States Treasury Note/Bond | 0.750% | 1/31/28 | 161,290 | 151,789 | ||
United States Treasury Note/Bond | 2.750% | 2/15/28 | 109,476 | 115,395 | ||
United States Treasury Note/Bond | 1.125% | 2/29/28 | 202,620 | 194,958 | ||
United States Treasury Note/Bond | 1.250% | 3/31/28 | 135,262 | 130,951 | ||
United States Treasury Note/Bond | 1.250% | 4/30/28 | 109,784 | 106,233 | ||
United States Treasury Note/Bond | 2.875% | 5/15/28 | 128,344 | 136,305 | ||
United States Treasury Note/Bond | 1.250% | 5/31/28 | 190,336 | 184,031 | ||
United States Treasury Note/Bond | 1.250% | 6/30/28 | 106,238 | 102,652 | ||
United States Treasury Note/Bond | 1.000% | 7/31/28 | 99,986 | 95,034 | ||
United States Treasury Note/Bond | 2.875% | 8/15/28 | 211,887 | 225,527 | ||
United States Treasury Note/Bond | 5.500% | 8/15/28 | 23,182 | 28,344 | ||
United States Treasury Note/Bond | 1.125% | 8/31/28 | 156,695 | 150,035 | ||
United States Treasury Note/Bond | 1.250% | 9/30/28 | 111,058 | 107,102 | ||
United States Treasury Note/Bond | 1.375% | 10/31/28 | 133,397 | 129,624 | ||
United States Treasury Note/Bond | 3.125% | 11/15/28 | 132,612 | 143,490 | ||
United States Treasury Note/Bond | 5.250% | 11/15/28 | 26,223 | 31,906 | ||
United States Treasury Note/Bond | 1.500% | 11/30/28 | 163,319 | 159,951 | ||
United States Treasury Note/Bond | 1.375% | 12/31/28 | 155,858 | 151,401 | ||
United States Treasury Note/Bond | 1.750% | 1/31/29 | 108,254 | 107,763 | ||
United States Treasury Note/Bond | 2.625% | 2/15/29 | 193,034 | 203,259 | ||
United States Treasury Note/Bond | 5.250% | 2/15/29 | 31,117 | 38,075 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 1.875% | 2/28/29 | 137,595 | 138,068 | ||
United States Treasury Note/Bond | 2.375% | 5/15/29 | 173,065 | 179,582 | ||
United States Treasury Note/Bond | 1.625% | 8/15/29 | 171,007 | 168,923 | ||
United States Treasury Note/Bond | 6.125% | 8/15/29 | 16,702 | 21,739 | ||
United States Treasury Note/Bond | 1.750% | 11/15/29 | 136,616 | 136,232 | ||
United States Treasury Note/Bond | 1.500% | 2/15/30 | 194,623 | 190,244 | ||
United States Treasury Note/Bond | 0.625% | 5/15/30 | 221,850 | 201,779 | ||
United States Treasury Note/Bond | 6.250% | 5/15/30 | 6,930 | 9,270 | ||
United States Treasury Note/Bond | 0.625% | 8/15/30 | 313,570 | 284,271 | ||
United States Treasury Note/Bond | 0.875% | 11/15/30 | 302,026 | 279,138 | ||
United States Treasury Note/Bond | 1.125% | 2/15/31 | 314,156 | 296,190 | ||
United States Treasury Note/Bond | 5.375% | 2/15/31 | 8,000 | 10,359 | ||
United States Treasury Note/Bond | 1.625% | 5/15/31 | 309,536 | 304,264 | ||
United States Treasury Note/Bond | 1.250% | 8/15/31 | 268,439 | 254,933 | ||
United States Treasury Note/Bond | 1.375% | 11/15/31 | 280,229 | 268,845 | ||
United States Treasury Note/Bond | 1.875% | 2/15/32 | 106,583 | 106,999 | ||
Total U.S. Government and Agency Obligations (Cost $13,606,718) | 13,207,524 | |||||
Shares | ||||||
Temporary Cash Investments (0.3%) | ||||||
Money Market Fund (0.3%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $43,210) | 0.138% | 432,164 | 43,212 | ||
Total Investments (100.0%) (Cost $13,649,928) | 13,250,736 | |||||
Other Assets and Liabilities—Net (0.0%) | (448) | |||||
Net Assets (100%) | 13,250,288 |
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 $13,606,718) | 13,207,524 |
Affiliated Issuers (Cost $43,210) | 43,212 |
Total Investments in Securities | 13,250,736 |
Investment in Vanguard | 465 |
Cash | 23 |
Receivables for Investment Securities Sold | 336,057 |
Receivables for Accrued Income | 36,085 |
Receivables for Capital Shares Issued | 27,686 |
Total Assets | 13,651,052 |
Liabilities | |
Payables for Investment Securities Purchased | 390,698 |
Payables for Capital Shares Redeemed | 9,435 |
Payables for Distributions | 411 |
Payables to Vanguard | 220 |
Total Liabilities | 400,764 |
Net Assets | 13,250,288 |
Statement of Assets and Liabilities (continued) | |
At February 28, 2022, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 13,661,384 |
Total Distributable Earnings (Loss) | (411,096) |
Net Assets | 13,250,288 |
ETF Shares—Net Assets | |
Applicable to 135,627,693 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 8,821,328 |
Net Asset Value Per Share—ETF Shares | $65.04 |
Admiral Shares—Net Assets | |
Applicable to 120,706,640 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,649,907 |
Net Asset Value Per Share—Admiral Shares | $21.95 |
Institutional Shares—Net Assets | |
Applicable to 65,301,959 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,779,053 |
Net Asset Value Per Share—Institutional Shares | $27.24 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 77,157 |
Total Income | 77,157 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 129 |
Management and Administrative—ETF Shares | 1,425 |
Management and Administrative—Admiral Shares | 762 |
Management and Administrative—Institutional Shares | 367 |
Marketing and Distribution—ETF Shares | 173 |
Marketing and Distribution—Admiral Shares | 81 |
Marketing and Distribution—Institutional Shares | 48 |
Custodian Fees | 12 |
Shareholders’ Reports—ETF Shares | 85 |
Shareholders’ Reports—Admiral Shares | 17 |
Shareholders’ Reports—Institutional Shares | 3 |
Trustees’ Fees and Expenses | 3 |
Other Expenses | 7 |
Total Expenses | 3,112 |
Net Investment Income | 74,045 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | (9,685) |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (565,300) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (500,940) |
1 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $5,000, less than $1,000, $1,000, and $2,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $8,531,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 74,045 | 135,171 | |
Realized Net Gain (Loss) | (9,685) | 147,291 | |
Change in Unrealized Appreciation (Depreciation) | (565,300) | (417,388) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (500,940) | (134,926) | |
Distributions | |||
ETF Shares | (102,322) | (132,684) | |
Admiral Shares | (27,644) | (49,704) | |
Institutional Shares | (19,819) | (31,298) | |
Total Distributions | (149,785) | (213,686) | |
Capital Share Transactions | |||
ETF Shares | 1,115,360 | 1,812,764 | |
Admiral Shares | 127,186 | (8,693) | |
Institutional Shares | 140,348 | 217,704 | |
Net Increase (Decrease) from Capital Share Transactions | 1,382,894 | 2,021,775 | |
Total Increase (Decrease) | 732,169 | 1,673,163 | |
Net Assets | |||
Beginning of Period | 12,518,119 | 10,844,956 | |
End of Period | 13,250,288 | 12,518,119 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $68.27 | $70.46 | $67.26 | $62.67 | $65.29 | $66.54 |
Investment Operations | ||||||
Net Investment Income1 | .372 | .809 | 1.239 | 1.515 | 1.250 | 1.043 |
Net Realized and Unrealized Gain (Loss) on Investments | (2.862) | (1.692) | 3.248 | 4.552 | (2.691) | (1.201) |
Total from Investment Operations | (2.490) | (.883) | 4.487 | 6.067 | (1.441) | (.158) |
Distributions | ||||||
Dividends from Net Investment Income | (.374) | (.820) | (1.287) | (1.477) | (1.179) | (1.011) |
Distributions from Realized Capital Gains | (.366) | (.487) | — | — | — | (.081) |
Total Distributions | (.740) | (1.307) | (1.287) | (1.477) | (1.179) | (1.092) |
Net Asset Value, End of Period | $65.04 | $68.27 | $70.46 | $67.26 | $62.67 | $65.29 |
Total Return | -3.67% | -1.26% | 6.76% | 9.84% | -2.21% | -0.21% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $8,821 | $8,147 | $6,547 | $4,353 | $2,680 | $1,329 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.04% | 0.05% | 0.05% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.13% | 1.18% | 1.80% | 2.36% | 1.97% | 1.61% |
Portfolio Turnover Rate2 | 17% | 33% | 28% | 29% | 31% | 32% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $23.04 | $23.78 | $22.68 | $21.13 | $22.03 | $22.45 |
Investment Operations | ||||||
Net Investment Income1 | .122 | .267 | .416 | .507 | .418 | .351 |
Net Realized and Unrealized Gain (Loss) on Investments | (.967) | (.577) | 1.101 | 1.540 | (.911) | (.400) |
Total from Investment Operations | (.845) | (.310) | 1.517 | 2.047 | (.493) | (.049) |
Distributions | ||||||
Dividends from Net Investment Income | (.121) | (.265) | (.417) | (.497) | (.407) | (.344) |
Distributions from Realized Capital Gains | (.124) | (.165) | — | — | — | (.027) |
Total Distributions | (.245) | (.430) | (.417) | (.497) | (.407) | (.371) |
Net Asset Value, End of Period | $21.95 | $23.04 | $23.78 | $22.68 | $21.13 | $22.03 |
Total Return2 | -3.69% | -1.31% | 6.76% | 9.83% | -2.24% | -0.19% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,650 | $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% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.10% | 1.15% | 1.79% | 2.34% | 1.97% | 1.61% |
Portfolio Turnover Rate3 | 17% | 33% | 28% | 29% | 31% | 32% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $28.60 | $29.51 | $28.15 | $26.23 | $27.33 | $27.86 |
Investment Operations | ||||||
Net Investment Income1 | .155 | .337 | .527 | .634 | .524 | .441 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.208) | (.709) | 1.355 | 1.908 | (1.114) | (.507) |
Total from Investment Operations | (1.053) | (.372) | 1.882 | 2.542 | (.590) | (.066) |
Distributions | ||||||
Dividends from Net Investment Income | (.153) | (.334) | (.522) | (.622) | (.510) | (.430) |
Distributions from Realized Capital Gains | (.154) | (.204) | — | — | — | (.034) |
Total Distributions | (.307) | (.538) | (.522) | (.622) | (.510) | (.464) |
Net Asset Value, End of Period | $27.24 | $28.60 | $29.51 | $28.15 | $26.23 | $27.33 |
Total Return | -3.70% | -1.26% | 6.76% | 9.83% | -2.16% | -0.21% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,779 | $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% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 1.12% | 1.17% | 1.83% | 2.36% | 1.99% | 1.63% |
Portfolio Turnover Rate2 | 17% | 33% | 28% | 29% | 31% | 32% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 13,207,524 | — | 13,207,524 |
Temporary Cash Investments | 43,212 | — | — | 43,212 |
Total | 43,212 | 13,207,524 | — | 13,250,736 |
D. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 13,654,101 |
Gross Unrealized Appreciation | 43,873 |
Gross Unrealized Depreciation | (447,238) |
Net Unrealized Appreciation (Depreciation) | (403,365) |
E. | During the six months ended February 28, 2022, the fund purchased $4,828,073,000 of investment securities and sold $3,508,034,000 of investment securities, other than temporary cash investments. Purchases and sales include $2,359,442,000 and $1,254,281,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 2,379,760 | 35,648 | 2,747,217 | 39,988 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,264,400) | (19,350) | (934,453) | (13,575) | |
Net Increase (Decrease)—ETF Shares | 1,115,360 | 16,298 | 1,812,764 | 26,413 | |
Admiral Shares | |||||
Issued | 616,709 | 27,664 | 1,271,727 | 54,762 | |
Issued in Lieu of Cash Distributions | 24,484 | 1,090 | 42,708 | 1,834 | |
Redeemed | (514,007) | (22,870) | (1,323,128) | (57,010) | |
Net Increase (Decrease)—Admiral Shares | 127,186 | 5,884 | (8,693) | (414) | |
Institutional Shares | |||||
Issued | 336,216 | 11,984 | 551,440 | 19,124 | |
Issued in Lieu of Cash Distributions | 17,999 | 645 | 27,778 | 961 | |
Redeemed | (213,867) | (7,659) | (361,514) | (12,570) | |
Net Increase (Decrease)—Institutional Shares | 140,348 | 4,970 | 217,704 | 7,515 |
G. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
10 - 15 Years | 0.7% |
15 - 20 Years | 28.6 |
20 - 25 Years | 23.9 |
Over 25 Years | 46.8 |
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 | 4.500% | 2/15/36 | 25,607 | 33,865 | ||
United States Treasury Note/Bond | 4.750% | 2/15/37 | 18,297 | 24,981 | ||
United States Treasury Note/Bond | 5.000% | 5/15/37 | 31,161 | 43,606 | ||
United States Treasury Note/Bond | 4.375% | 2/15/38 | 19,050 | 25,253 | ||
United States Treasury Note/Bond | 4.500% | 5/15/38 | 20,241 | 27,193 | ||
United States Treasury Note/Bond | 3.500% | 2/15/39 | 45,771 | 55,032 | ||
United States Treasury Note/Bond | 4.250% | 5/15/39 | 29,002 | 38,088 | ||
United States Treasury Note/Bond | 4.500% | 8/15/39 | 37,494 | 50,716 | ||
United States Treasury Note/Bond | 4.375% | 11/15/39 | 59,589 | 79,476 | ||
United States Treasury Note/Bond | 4.625% | 2/15/40 | 51,244 | 70,268 | ||
United States Treasury Note/Bond | 1.125% | 5/15/40 | 155,106 | 128,908 | ||
United States Treasury Note/Bond | 4.375% | 5/15/40 | 41,398 | 55,267 | ||
United States Treasury Note/Bond | 1.125% | 8/15/40 | 201,884 | 167,091 | ||
United States Treasury Note/Bond | 3.875% | 8/15/40 | 43,858 | 55,042 | ||
United States Treasury Note/Bond | 1.375% | 11/15/40 | 218,458 | 188,795 | ||
United States Treasury Note/Bond | 4.250% | 11/15/40 | 59,291 | 77,847 | ||
United States Treasury Note/Bond | 1.875% | 2/15/41 | 262,411 | 246,543 | ||
United States Treasury Note/Bond | 4.750% | 2/15/41 | 54,039 | 75,376 | ||
United States Treasury Note/Bond | 2.250% | 5/15/41 | 238,702 | 237,807 | ||
United States Treasury Note/Bond | 4.375% | 5/15/41 | 45,388 | 60,686 | ||
United States Treasury Note/Bond | 1.750% | 8/15/41 | 279,433 | 256,074 | ||
United States Treasury Note/Bond | 3.750% | 8/15/41 | 46,874 | 58,013 | ||
United States Treasury Note/Bond | 2.000% | 11/15/41 | 179,337 | 171,603 | ||
United States Treasury Note/Bond | 3.125% | 11/15/41 | 48,082 | 54,693 | ||
United States Treasury Note/Bond | 2.375% | 2/15/42 | 35,500 | 36,260 | ||
United States Treasury Note/Bond | 3.125% | 2/15/42 | 53,788 | 61,294 | ||
United States Treasury Note/Bond | 3.000% | 5/15/42 | 48,671 | 54,474 | ||
United States Treasury Note/Bond | 2.750% | 8/15/42 | 58,290 | 62,689 | ||
United States Treasury Note/Bond | 2.750% | 11/15/42 | 88,242 | 94,846 | ||
United States Treasury Note/Bond | 3.125% | 2/15/43 | 76,199 | 86,653 | ||
United States Treasury Note/Bond | 2.875% | 5/15/43 | 119,917 | 131,291 | ||
United States Treasury Note/Bond | 3.625% | 8/15/43 | 91,520 | 111,997 | ||
United States Treasury Note/Bond | 3.750% | 11/15/43 | 84,556 | 105,510 | ||
United States Treasury Note/Bond | 3.625% | 2/15/44 | 94,045 | 115,396 | ||
United States Treasury Note/Bond | 3.375% | 5/15/44 | 89,593 | 106,266 | ||
United States Treasury Note/Bond | 3.125% | 8/15/44 | 116,886 | 133,433 | ||
United States Treasury Note/Bond | 3.000% | 11/15/44 | 103,465 | 116,010 | ||
United States Treasury Note/Bond | 2.500% | 2/15/45 | 132,608 | 136,753 | ||
United States Treasury Note/Bond | 3.000% | 5/15/45 | 65,837 | 73,881 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 2.875% | 8/15/45 | 85,686 | 94,402 | ||
United States Treasury Note/Bond | 3.000% | 11/15/45 | 47,727 | 53,760 | ||
United States Treasury Note/Bond | 2.500% | 2/15/46 | 103,071 | 106,679 | ||
United States Treasury Note/Bond | 2.500% | 5/15/46 | 97,990 | 101,358 | ||
United States Treasury Note/Bond | 2.250% | 8/15/46 | 130,494 | 129,046 | ||
United States Treasury Note/Bond | 2.875% | 11/15/46 | 24,551 | 27,205 | ||
United States Treasury Note/Bond | 3.000% | 2/15/47 | 86,781 | 98,537 | ||
United States Treasury Note/Bond | 3.000% | 5/15/47 | 87,507 | 99,581 | ||
United States Treasury Note/Bond | 2.750% | 8/15/47 | 126,432 | 138,443 | ||
United States Treasury Note/Bond | 2.750% | 11/15/47 | 120,760 | 132,270 | ||
United States Treasury Note/Bond | 3.000% | 2/15/48 | 150,377 | 172,933 | ||
United States Treasury Note/Bond | 3.125% | 5/15/48 | 152,097 | 179,118 | ||
United States Treasury Note/Bond | 3.000% | 8/15/48 | 172,822 | 199,204 | ||
United States Treasury Note/Bond | 3.375% | 11/15/48 | 160,430 | 198,006 | ||
United States Treasury Note/Bond | 3.000% | 2/15/49 | 168,447 | 195,346 | ||
United States Treasury Note/Bond | 2.875% | 5/15/49 | 173,213 | 196,624 | ||
United States Treasury Note/Bond | 2.250% | 8/15/49 | 173,970 | 175,302 | ||
United States Treasury Note/Bond | 2.375% | 11/15/49 | 153,369 | 159,024 | ||
United States Treasury Note/Bond | 2.000% | 2/15/50 | 195,227 | 186,839 | ||
United States Treasury Note/Bond | 1.250% | 5/15/50 | 225,299 | 179,782 | ||
United States Treasury Note/Bond | 1.375% | 8/15/50 | 255,171 | 210,077 | ||
United States Treasury Note/Bond | 1.625% | 11/15/50 | 254,201 | 222,664 | ||
United States Treasury Note/Bond | 1.875% | 2/15/51 | 284,353 | 264,626 | ||
United States Treasury Note/Bond | 2.375% | 5/15/51 | 287,302 | 299,602 | ||
United States Treasury Note/Bond | 2.000% | 8/15/51 | 292,350 | 280,336 | ||
United States Treasury Note/Bond | 1.875% | 11/15/51 | 253,373 | 236,468 | ||
United States Treasury Note/Bond | 2.250% | 2/15/52 | 60,725 | 61,854 | ||
Total U.S. Government and Agency Obligations (Cost $8,548,171) | 8,108,062 | |||||
Shares | ||||||
Temporary Cash Investments (0.6%) | ||||||
Money Market Fund (0.6%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $49,878) | 0.138% | 498,876 | 49,883 | ||
Total Investments (100.2%) (Cost $8,598,049) | 8,157,945 | |||||
Other Assets and Liabilities—Net (-0.2%) | (17,093) | |||||
Net Assets (100%) | 8,140,852 |
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 $8,548,171) | 8,108,062 |
Affiliated Issuers (Cost $49,878) | 49,883 |
Total Investments in Securities | 8,157,945 |
Investment in Vanguard | 262 |
Cash | 57 |
Cash Collateral Received for ETF Capital Activity | 4,949 |
Receivables for Investment Securities Sold | 51,201 |
Receivables for Accrued Income | 31,473 |
Receivables for Capital Shares Issued | 2,531 |
Total Assets | 8,248,418 |
Liabilities | |
Payables for Investment Securities Purchased | 97,840 |
Collateral for ETF Capital Activity | 4,949 |
Payables for Capital Shares Redeemed | 3,733 |
Payables for Distributions | 907 |
Payables to Vanguard | 137 |
Total Liabilities | 107,566 |
Net Assets | 8,140,852 |
Statement of Assets and Liabilities (continued) | |
At February 28, 2022, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 8,643,753 |
Total Distributable Earnings (Loss) | (502,901) |
Net Assets | 8,140,852 |
ETF Shares—Net Assets | |
Applicable to 51,198,987 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 4,333,368 |
Net Asset Value Per Share—ETF Shares | $84.64 |
Admiral Shares—Net Assets | |
Applicable to 57,485,432 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,634,439 |
Net Asset Value Per Share—Admiral Shares | $28.43 |
Institutional Shares—Net Assets | |
Applicable to 60,217,955 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,173,045 |
Net Asset Value Per Share—Institutional Shares | $36.09 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 65,197 |
Total Income | 65,197 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 67 |
Management and Administrative—ETF Shares | 479 |
Management and Administrative—Admiral Shares | 516 |
Management and Administrative—Institutional Shares | 457 |
Marketing and Distribution—ETF Shares | 56 |
Marketing and Distribution—Admiral Shares | 55 |
Marketing and Distribution—Institutional Shares | 60 |
Custodian Fees | 10 |
Shareholders’ Reports—ETF Shares | 6 |
Shareholders’ Reports—Admiral Shares | 19 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 7 |
Total Expenses | 1,735 |
Net Investment Income | 63,462 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | (4,459) |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (452,092) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (393,089) |
1 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $5,000, ($1,000), less than $1,000, and $5,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $38,794,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 63,462 | 104,838 | |
Realized Net Gain (Loss) | (4,459) | 77,835 | |
Change in Unrealized Appreciation (Depreciation) | (452,092) | (562,635) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (393,089) | (379,962) | |
Distributions | |||
ETF Shares | (25,543) | (47,982) | |
Admiral Shares | (15,376) | (38,865) | |
Institutional Shares | (19,905) | (35,145) | |
Total Distributions | (60,824) | (121,992) | |
Capital Share Transactions | |||
ETF Shares | 2,164,413 | 441,919 | |
Admiral Shares | (200,203) | 316,183 | |
Institutional Shares | 280,229 | 922,191 | |
Net Increase (Decrease) from Capital Share Transactions | 2,244,439 | 1,680,293 | |
Total Increase (Decrease) | 1,790,526 | 1,178,339 | |
Net Assets | |||
Beginning of Period | 6,350,326 | 5,171,987 | |
End of Period | 8,140,852 | 6,350,326 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $90.37 | $98.93 | $90.17 | $74.33 | $78.76 | $85.64 |
Investment Operations | ||||||
Net Investment Income1 | .817 | 1.645 | 1.915 | 2.115 | 2.050 | 2.006 |
Net Realized and Unrealized Gain (Loss) on Investments | (5.734) | (8.289) | 8.772 | 15.798 | (4.469) | (6.905) |
Total from Investment Operations | (4.917) | (6.644) | 10.687 | 17.913 | (2.419) | (4.899) |
Distributions | ||||||
Dividends from Net Investment Income | (.813) | (1.625) | (1.927) | (2.073) | (2.011) | (1.981) |
Distributions from Realized Capital Gains | — | (.291) | — | — | — | — |
Total Distributions | (.813) | (1.916) | (1.927) | (2.073) | (2.011) | (1.981) |
Net Asset Value, End of Period | $84.64 | $90.37 | $98.93 | $90.17 | $74.33 | $78.76 |
Total Return | -5.49% | -6.73% | 12.02% | 24.69% | -3.07% | -5.63% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $4,333 | $2,366 | $2,138 | $1,282 | $676 | $549 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.04% | 0.05% | 0.05% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.88% | 1.81% | 2.03% | 2.75% | 2.73% | 2.62% |
Portfolio Turnover Rate2 | 10% | 22% | 29% | 16% | 19% | 19% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $30.35 | $33.24 | $30.28 | $24.95 | $26.44 | $28.75 |
Investment Operations | ||||||
Net Investment Income1 | .270 | .545 | .637 | .706 | .690 | .676 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.927) | (2.799) | 2.955 | 5.316 | (1.501) | (2.319) |
Total from Investment Operations | (1.657) | (2.254) | 3.592 | 6.022 | (.811) | (1.643) |
Distributions | ||||||
Dividends from Net Investment Income | (.263) | (.538) | (.632) | (.692) | (.679) | (.667) |
Distributions from Realized Capital Gains | — | (.098) | — | — | — | — |
Total Distributions | (.263) | (.636) | (.632) | (.692) | (.679) | (.667) |
Net Asset Value, End of Period | $28.43 | $30.35 | $33.24 | $30.28 | $24.95 | $26.44 |
Total Return2 | -5.49% | -6.78% | 12.00% | 24.67% | -3.06% | -5.62% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,634 | $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% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.84% | 1.79% | 2.01% | 2.73% | 2.73% | 2.62% |
Portfolio Turnover Rate3 | 10% | 22% | 29% | 16% | 19% | 19% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $38.52 | $42.19 | $38.43 | $31.66 | $33.56 | $36.49 |
Investment Operations | ||||||
Net Investment Income1 | .346 | .699 | .822 | .902 | .883 | .865 |
Net Realized and Unrealized Gain (Loss) on Investments | (2.438) | (3.554) | 3.748 | 6.753 | (1.915) | (2.942) |
Total from Investment Operations | (2.092) | (2.855) | 4.570 | 7.655 | (1.032) | (2.077) |
Distributions | ||||||
Dividends from Net Investment Income | (.338) | (.691) | (.810) | (.885) | (.868) | (.853) |
Distributions from Realized Capital Gains | — | (.124) | — | — | — | — |
Total Distributions | (.338) | (.815) | (.810) | (.885) | (.868) | (.853) |
Net Asset Value, End of Period | $36.09 | $38.52 | $42.19 | $38.43 | $31.66 | $33.56 |
Total Return | -5.49% | -6.77% | 12.03% | 24.71% | -3.07% | -5.60% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,173 | $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% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 1.86% | 1.82% | 2.06% | 2.75% | 2.75% | 2.64% |
Portfolio Turnover Rate2 | 10% | 22% | 29% | 16% | 19% | 19% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments. 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 | — | 8,108,062 | — | 8,108,062 |
Temporary Cash Investments | 49,883 | — | — | 49,883 |
Total | 49,883 | 8,108,062 | — | 8,157,945 |
D. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 8,610,272 |
Gross Unrealized Appreciation | 62,805 |
Gross Unrealized Depreciation | (515,132) |
Net Unrealized Appreciation (Depreciation) | (452,327) |
E. | During the six months ended February 28, 2022, the fund purchased $3,564,469,000 of investment securities and sold $1,314,061,000 of investment securities, other than temporary cash investments. Purchases and sales include $2,634,176,000 and $647,850,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 2,818,002 | 32,418 | 1,825,922 | 19,897 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (653,589) | (7,400) | (1,384,003) | (15,325) | |
Net Increase (Decrease)—ETF Shares | 2,164,413 | 25,018 | 441,919 | 4,572 | |
Admiral Shares | |||||
Issued | 250,210 | 8,458 | 1,358,427 | 44,281 | |
Issued in Lieu of Cash Distributions | 9,529 | 321 | 32,758 | 1,071 | |
Redeemed | (459,942) | (15,424) | (1,075,002) | (35,381) | |
Net Increase (Decrease)—Admiral Shares | (200,203) | (6,645) | 316,183 | 9,971 | |
Institutional Shares | |||||
Issued | 471,695 | 12,442 | 1,174,115 | 30,064 | |
Issued in Lieu of Cash Distributions | 19,699 | 524 | 34,906 | 905 | |
Redeemed | (211,165) | (5,648) | (286,830) | (7,322) | |
Net Increase (Decrease)—Institutional Shares | 280,229 | 7,318 | 922,191 | 23,647 |
G. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
Corporate Bonds – Communications | 4.3% |
Corporate Bonds – Consumer Discretionary | 6.4 |
Corporate Bonds – Consumer Staples | 4.9 |
Corporate Bonds – Energy | 6.6 |
Corporate Bonds – Financials | 42.7 |
Corporate Bonds – Health Care | 8.7 |
Corporate Bonds – Industrials | 6.6 |
Corporate Bonds – Materials | 1.7 |
Corporate Bonds – Real Estate | 3.7 |
Corporate Bonds – Technology | 9.1 |
Corporate Bonds – Utilities | 4.9 |
U.S. Government and Agency Obligations | 0.4 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (0.4%) | ||||||
U.S. Government Securities (0.4%) | ||||||
United States Treasury Note/Bond | 0.875% | 1/31/24 | 84,680 | 83,780 | ||
United States Treasury Note/Bond | 1.500% | 2/29/24 | 5,870 | 5,875 | ||
United States Treasury Note/Bond | 1.500% | 2/15/25 | 11,725 | 11,677 | ||
United States Treasury Note/Bond | 1.250% | 12/31/26 | 6,050 | 5,912 | ||
United States Treasury Note/Bond | 1.500% | 1/31/27 | 77,085 | 76,194 | ||
Total U.S. Government and Agency Obligations (Cost $183,232) | 183,438 | |||||
Corporate Bonds (98.9%) | ||||||
Communications (4.3%) | ||||||
Activision Blizzard Inc. | 3.400% | 9/15/26 | 21,211 | 22,210 | ||
Alphabet Inc. | 3.375% | 2/25/24 | 19,933 | 20,636 | ||
Alphabet Inc. | 0.450% | 8/15/25 | 16,047 | 15,305 | ||
Alphabet Inc. | 1.998% | 8/15/26 | 48,378 | 48,495 | ||
AT&T Inc. | 4.050% | 12/15/23 | 11,105 | 11,540 | ||
AT&T Inc. | 0.900% | 3/25/24 | 47,650 | 46,784 | ||
AT&T Inc. | 4.450% | 4/1/24 | 15,741 | 16,449 | ||
AT&T Inc. | 3.950% | 1/15/25 | 16,056 | 16,810 | ||
AT&T Inc. | 3.400% | 5/15/25 | 52,372 | 54,160 | ||
AT&T Inc. | 3.600% | 7/15/25 | 28,966 | 30,166 | ||
AT&T Inc. | 4.125% | 2/17/26 | 44,556 | 47,507 | ||
AT&T Inc. | 1.700% | 3/25/26 | 66,035 | 64,260 | ||
AT&T Inc. | 2.950% | 7/15/26 | 4,155 | 4,227 | ||
AT&T Inc. | 3.800% | 2/15/27 | 21,069 | 22,254 | ||
Baidu Inc. | 2.875% | 7/6/22 | 6,000 | 6,021 | ||
Baidu Inc. | 3.875% | 9/29/23 | 19,479 | 19,982 | ||
Baidu Inc. | 4.375% | 5/14/24 | 22,238 | 23,159 | ||
Baidu Inc. | 3.075% | 4/7/25 | 23,004 | 23,296 | ||
Baidu Inc. | 4.125% | 6/30/25 | 7,085 | 7,410 | ||
Baidu Inc. | 1.720% | 4/9/26 | 8,543 | 8,195 | ||
1 | Bell Telephone Co. of Canada or Bell Canada | 0.750% | 3/17/24 | 2,392 | 2,332 | |
Booking Holdings Inc. | 2.750% | 3/15/23 | 15,999 | 16,175 | ||
Booking Holdings Inc. | 3.650% | 3/15/25 | 11,652 | 12,110 | ||
Booking Holdings Inc. | 3.600% | 6/1/26 | 22,292 | 23,316 | ||
British Telecommunications plc | 4.500% | 12/4/23 | 8,551 | 8,856 | ||
1 | Charter Communications Operating LLC | 4.500% | 2/1/24 | 35,092 | 36,522 | |
Charter Communications Operating LLC | 4.908% | 7/23/25 | 102,967 | 109,236 | ||
Comcast Corp. | 3.700% | 4/15/24 | 59,412 | 61,604 | ||
Comcast Corp. | 3.375% | 2/15/25 | 26,229 | 27,123 | ||
Comcast Corp. | 3.375% | 8/15/25 | 22,328 | 23,107 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Comcast Corp. | 3.950% | 10/15/25 | 63,647 | 67,187 | ||
Comcast Corp. | 3.150% | 3/1/26 | 44,683 | 46,127 | ||
Comcast Corp. | 2.350% | 1/15/27 | 31,849 | 31,777 | ||
Comcast Corp. | 3.300% | 2/1/27 | 28,844 | 29,960 | ||
Discovery Communications LLC | 2.950% | 3/20/23 | 23,351 | 23,615 | ||
Discovery Communications LLC | 3.800% | 3/13/24 | 10,044 | 10,318 | ||
Discovery Communications LLC | 3.900% | 11/15/24 | 13,063 | 13,523 | ||
Discovery Communications LLC | 3.450% | 3/15/25 | 7,847 | 8,021 | ||
Discovery Communications LLC | 3.950% | 6/15/25 | 14,495 | 15,005 | ||
Discovery Communications LLC | 4.900% | 3/11/26 | 15,615 | 16,688 | ||
Electronic Arts Inc. | 4.800% | 3/1/26 | 7,609 | 8,270 | ||
Expedia Group Inc. | 3.600% | 12/15/23 | 15,292 | 15,637 | ||
Expedia Group Inc. | 4.500% | 8/15/24 | 9,371 | 9,788 | ||
Expedia Group Inc. | 5.000% | 2/15/26 | 21,903 | 23,581 | ||
Fox Corp. | 4.030% | 1/25/24 | 30,162 | 31,258 | ||
Fox Corp. | 3.050% | 4/7/25 | 16,945 | 17,284 | ||
Grupo Televisa SAB | 6.625% | 3/18/25 | 12,341 | 13,721 | ||
Grupo Televisa SAB | 4.625% | 1/30/26 | 7,325 | 7,749 | ||
Interpublic Group of Cos. Inc. | 4.200% | 4/15/24 | 4,592 | 4,790 | ||
Omnicom Group Inc. | 3.650% | 11/1/24 | 21,812 | 22,538 | ||
Omnicom Group Inc. | 3.600% | 4/15/26 | 32,198 | 33,565 | ||
Paramount Global | 3.875% | 4/1/24 | 9,980 | 10,354 | ||
Paramount Global | 3.700% | 8/15/24 | 16,346 | 17,001 | ||
Paramount Global | 3.500% | 1/15/25 | 8,792 | 9,066 | ||
Paramount Global | 4.750% | 5/15/25 | 39,572 | 42,267 | ||
Paramount Global | 4.000% | 1/15/26 | 17,507 | 18,272 | ||
Paramount Global | 2.900% | 1/15/27 | 19,152 | 19,209 | ||
Rogers Communications Inc. | 3.000% | 3/15/23 | 8,472 | 8,556 | ||
Rogers Communications Inc. | 4.100% | 10/1/23 | 16,943 | 17,386 | ||
Rogers Communications Inc. | 3.625% | 12/15/25 | 16,498 | 17,105 | ||
Rogers Communications Inc. | 2.900% | 11/15/26 | 7,816 | 7,961 | ||
TCI Communications Inc. | 7.875% | 2/15/26 | 12,239 | 14,743 | ||
TELUS Corp. | 2.800% | 2/16/27 | 14,590 | 14,760 | ||
Tencent Music Entertainment Group | 1.375% | 9/3/25 | 6,085 | 5,775 | ||
Thomson Reuters Corp. | 4.300% | 11/23/23 | 12,565 | 12,993 | ||
Thomson Reuters Corp. | 3.350% | 5/15/26 | 12,300 | 12,710 | ||
Time Warner Entertainment Co. LP | 8.375% | 3/15/23 | 14,571 | 15,560 | ||
T-Mobile USA Inc. | 3.500% | 4/15/25 | 70,643 | 72,604 | ||
T-Mobile USA Inc. | 1.500% | 2/15/26 | 20,346 | 19,513 | ||
1 | TWDC Enterprises 18 Corp. | 3.150% | 9/17/25 | 16,693 | 17,178 | |
TWDC Enterprises 18 Corp. | 3.000% | 2/13/26 | 22,112 | 22,736 | ||
1 | TWDC Enterprises 18 Corp. | 1.850% | 7/30/26 | 16,332 | 16,042 | |
Verizon Communications Inc. | 3.376% | 2/15/25 | 29,519 | 30,542 | ||
Verizon Communications Inc. | 0.850% | 11/20/25 | 49,980 | 47,501 | ||
Verizon Communications Inc. | 1.450% | 3/20/26 | 62,114 | 60,033 | ||
Verizon Communications Inc. | 2.625% | 8/15/26 | 51,928 | 52,209 | ||
Vodafone Group plc | 3.750% | 1/16/24 | 26,581 | 27,516 | ||
Vodafone Group plc | 4.125% | 5/30/25 | 38,905 | 40,911 | ||
Walt Disney Co. | 1.750% | 8/30/24 | 27,454 | 27,338 | ||
Walt Disney Co. | 3.700% | 9/15/24 | 8,781 | 9,114 | ||
Walt Disney Co. | 3.350% | 3/24/25 | 33,690 | 34,881 | ||
Walt Disney Co. | 3.700% | 10/15/25 | 15,992 | 16,714 | ||
Walt Disney Co. | 1.750% | 1/13/26 | 37,984 | 37,282 | ||
Walt Disney Co. | 3.375% | 11/15/26 | 10,233 | 10,673 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Weibo Corp. | 3.500% | 7/5/24 | 17,520 | 17,709 | ||
WPP Finance 2010 | 3.750% | 9/19/24 | 18,105 | 18,750 | ||
2,102,613 | ||||||
Consumer Discretionary (6.4%) | ||||||
Alibaba Group Holding Ltd. | 2.800% | 6/6/23 | 12,668 | 12,802 | ||
Alibaba Group Holding Ltd. | 3.600% | 11/28/24 | 45,073 | 46,334 | ||
Amazon.com Inc. | 0.250% | 5/12/23 | 27,066 | 26,725 | ||
Amazon.com Inc. | 0.400% | 6/3/23 | 17,355 | 17,171 | ||
Amazon.com Inc. | 0.450% | 5/12/24 | 54,651 | 53,282 | ||
Amazon.com Inc. | 2.800% | 8/22/24 | 44,385 | 45,397 | ||
Amazon.com Inc. | 3.800% | 12/5/24 | 21,018 | 22,026 | ||
Amazon.com Inc. | 0.800% | 6/3/25 | 28,551 | 27,547 | ||
Amazon.com Inc. | 5.200% | 12/3/25 | 12,976 | 14,304 | ||
Amazon.com Inc. | 1.000% | 5/12/26 | 60,175 | 57,919 | ||
Amazon.com Inc. | 3.150% | 8/22/27 | 8,000 | 8,366 | ||
1 | American Honda Finance Corp. | 2.050% | 1/10/23 | 9,685 | 9,734 | |
1 | American Honda Finance Corp. | 1.950% | 5/10/23 | 26,265 | 26,394 | |
1 | American Honda Finance Corp. | 0.875% | 7/7/23 | 50,806 | 50,342 | |
1 | American Honda Finance Corp. | 3.450% | 7/14/23 | 6,796 | 6,953 | |
1 | American Honda Finance Corp. | 0.650% | 9/8/23 | 17,684 | 17,414 | |
1 | American Honda Finance Corp. | 3.625% | 10/10/23 | 18,158 | 18,692 | |
1 | American Honda Finance Corp. | 3.550% | 1/12/24 | 18,381 | 18,960 | |
1 | American Honda Finance Corp. | 2.900% | 2/16/24 | 13,708 | 13,964 | |
1 | American Honda Finance Corp. | 2.400% | 6/27/24 | 15,176 | 15,325 | |
1 | American Honda Finance Corp. | 0.550% | 7/12/24 | 23,741 | 22,938 | |
1 | American Honda Finance Corp. | 2.150% | 9/10/24 | 21,353 | 21,380 | |
1 | American Honda Finance Corp. | 1.200% | 7/8/25 | 14,477 | 13,995 | |
1 | American Honda Finance Corp. | 1.000% | 9/10/25 | 13,699 | 13,121 | |
1 | American Honda Finance Corp. | 2.300% | 9/9/26 | 14,965 | 14,961 | |
1 | American Honda Finance Corp. | 2.350% | 1/8/27 | 23,545 | 23,504 | |
Aptiv plc | 2.396% | 2/18/25 | 5,575 | 5,569 | ||
AutoNation Inc. | 3.500% | 11/15/24 | 12,089 | 12,424 | ||
AutoNation Inc. | 4.500% | 10/1/25 | 12,897 | 13,610 | ||
AutoZone Inc. | 2.875% | 1/15/23 | 9,863 | 9,957 | ||
AutoZone Inc. | 3.125% | 7/15/23 | 9,410 | 9,562 | ||
AutoZone Inc. | 3.125% | 4/18/24 | 8,960 | 9,166 | ||
AutoZone Inc. | 3.250% | 4/15/25 | 5,289 | 5,419 | ||
AutoZone Inc. | 3.625% | 4/15/25 | 14,684 | 15,191 | ||
AutoZone Inc. | 3.125% | 4/21/26 | 9,152 | 9,365 | ||
Block Financial LLC | 5.250% | 10/1/25 | 8,291 | 8,943 | ||
BorgWarner Inc. | 3.375% | 3/15/25 | 10,845 | 11,182 | ||
Brunswick Corp. | 0.850% | 8/18/24 | 7,795 | 7,538 | ||
2 | Daimler Finance North America LLC | 0.750% | 3/1/24 | 6,000 | 5,846 | |
DR Horton Inc. | 4.750% | 2/15/23 | 5,480 | 5,595 | ||
DR Horton Inc. | 5.750% | 8/15/23 | 8,614 | 9,013 | ||
DR Horton Inc. | 2.500% | 10/15/24 | 16,005 | 16,077 | ||
DR Horton Inc. | 2.600% | 10/15/25 | 16,333 | 16,351 | ||
eBay Inc. | 3.450% | 8/1/24 | 14,384 | 14,778 | ||
eBay Inc. | 1.900% | 3/11/25 | 21,427 | 21,176 | ||
eBay Inc. | 1.400% | 5/10/26 | 16,999 | 16,293 | ||
Fortune Brands Home & Security Inc. | 4.000% | 9/21/23 | 17,005 | 17,485 | ||
Fortune Brands Home & Security Inc. | 4.000% | 6/15/25 | 7,988 | 8,352 | ||
General Motors Co. | 4.875% | 10/2/23 | 39,208 | 40,925 | ||
General Motors Co. | 5.400% | 10/2/23 | 18,909 | 19,882 | ||
General Motors Co. | 4.000% | 4/1/25 | 11,677 | 12,120 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
General Motors Co. | 6.125% | 10/1/25 | 49,396 | 54,633 | ||
General Motors Financial Co. Inc. | 3.700% | 5/9/23 | 37,894 | 38,580 | ||
General Motors Financial Co. Inc. | 4.250% | 5/15/23 | 19,070 | 19,620 | ||
General Motors Financial Co. Inc. | 4.150% | 6/19/23 | 31,539 | 32,342 | ||
General Motors Financial Co. Inc. | 1.700% | 8/18/23 | 21,134 | 21,057 | ||
General Motors Financial Co. Inc. | 5.100% | 1/17/24 | 37,342 | 39,186 | ||
General Motors Financial Co. Inc. | 1.050% | 3/8/24 | 12,454 | 12,152 | ||
General Motors Financial Co. Inc. | 3.950% | 4/13/24 | 17,935 | 18,471 | ||
General Motors Financial Co. Inc. | 1.200% | 10/15/24 | 25,600 | 24,827 | ||
General Motors Financial Co. Inc. | 3.500% | 11/7/24 | 21,106 | 21,618 | ||
General Motors Financial Co. Inc. | 4.000% | 1/15/25 | 24,767 | 25,627 | ||
General Motors Financial Co. Inc. | 2.900% | 2/26/25 | 38,262 | 38,496 | ||
General Motors Financial Co. Inc. | 4.350% | 4/9/25 | 36,817 | 38,526 | ||
General Motors Financial Co. Inc. | 2.750% | 6/20/25 | 25,065 | 25,053 | ||
General Motors Financial Co. Inc. | 4.300% | 7/13/25 | 12,632 | 13,182 | ||
General Motors Financial Co. Inc. | 1.250% | 1/8/26 | 12,109 | 11,429 | ||
General Motors Financial Co. Inc. | 5.250% | 3/1/26 | 25,647 | 27,754 | ||
General Motors Financial Co. Inc. | 1.500% | 6/10/26 | 13,681 | 12,955 | ||
General Motors Financial Co. Inc. | 4.000% | 10/6/26 | 14,674 | 15,315 | ||
General Motors Financial Co. Inc. | 4.350% | 1/17/27 | 36,555 | 38,519 | ||
General Motors Financial Co. Inc. | 2.350% | 2/26/27 | 20,000 | 19,398 | ||
Genuine Parts Co. | 1.750% | 2/1/25 | 3,000 | 2,949 | ||
2 | GXO Logistics Inc. | 1.650% | 7/15/26 | 10,000 | 9,543 | |
Harley-Davidson Inc. | 3.500% | 7/28/25 | 10,949 | 11,139 | ||
Hasbro Inc. | 3.000% | 11/19/24 | 13,547 | 13,734 | ||
Hasbro Inc. | 3.550% | 11/19/26 | 16,765 | 17,320 | ||
Home Depot Inc. | 2.625% | 6/1/22 | 1 | 1 | ||
Home Depot Inc. | 2.700% | 4/1/23 | 28,778 | 29,097 | ||
Home Depot Inc. | 3.750% | 2/15/24 | 33,853 | 35,052 | ||
Home Depot Inc. | 3.350% | 9/15/25 | 20,374 | 21,178 | ||
Home Depot Inc. | 3.000% | 4/1/26 | 29,171 | 30,225 | ||
Home Depot Inc. | 2.125% | 9/15/26 | 12,802 | 12,813 | ||
Hyatt Hotels Corp. | 3.375% | 7/15/23 | 10,412 | 10,543 | ||
Hyatt Hotels Corp. | 1.300% | 10/1/23 | 4,960 | 4,883 | ||
Hyatt Hotels Corp. | 1.800% | 10/1/24 | 3,950 | 3,885 | ||
Hyatt Hotels Corp. | 5.375% | 4/23/25 | 9,050 | 9,783 | ||
Hyatt Hotels Corp. | 4.850% | 3/15/26 | 10,523 | 11,168 | ||
JD.com Inc. | 3.875% | 4/29/26 | 7,565 | 7,895 | ||
Kohl's Corp. | 4.250% | 7/17/25 | 2,573 | 2,673 | ||
Las Vegas Sands Corp. | 3.200% | 8/8/24 | 36,391 | 35,926 | ||
Las Vegas Sands Corp. | 2.900% | 6/25/25 | 11,600 | 11,186 | ||
Las Vegas Sands Corp. | 3.500% | 8/18/26 | 23,891 | 23,227 | ||
Leggett & Platt Inc. | 3.800% | 11/15/24 | 6,876 | 7,078 | ||
Lennar Corp. | 4.875% | 12/15/23 | 13,538 | 14,114 | ||
Lennar Corp. | 4.500% | 4/30/24 | 16,292 | 16,952 | ||
Lennar Corp. | 5.875% | 11/15/24 | 8,375 | 8,993 | ||
Lennar Corp. | 4.750% | 5/30/25 | 17,144 | 18,164 | ||
Lennar Corp. | 5.250% | 6/1/26 | 5,185 | 5,638 | ||
Lowe's Cos. Inc. | 3.875% | 9/15/23 | 11,683 | 12,010 | ||
Lowe's Cos. Inc. | 3.125% | 9/15/24 | 2,930 | 2,999 | ||
Lowe's Cos. Inc. | 4.000% | 4/15/25 | 20,994 | 22,074 | ||
Lowe's Cos. Inc. | 3.375% | 9/15/25 | 16,247 | 16,847 | ||
Lowe's Cos. Inc. | 2.500% | 4/15/26 | 41,495 | 41,931 | ||
Magna International Inc. | 3.625% | 6/15/24 | 11,447 | 11,766 | ||
Magna International Inc. | 4.150% | 10/1/25 | 14,496 | 15,330 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Marriott International Inc. | 4.150% | 12/1/23 | 6,537 | 6,748 | |
Marriott International Inc. | 3.600% | 4/15/24 | 13,780 | 14,166 | ||
Marriott International Inc. | 3.750% | 3/15/25 | 11,765 | 12,131 | ||
1 | Marriott International Inc. | 5.750% | 5/1/25 | 3,887 | 4,239 | |
Marriott International Inc. | 3.750% | 10/1/25 | 7,567 | 7,825 | ||
1 | Marriott International Inc. | 3.125% | 6/15/26 | 29,875 | 30,410 | |
1 | McDonald's Corp. | 3.350% | 4/1/23 | 29,241 | 29,785 | |
1 | McDonald's Corp. | 3.250% | 6/10/24 | 7,830 | 8,069 | |
1 | McDonald's Corp. | 3.375% | 5/26/25 | 20,069 | 20,799 | |
1 | McDonald's Corp. | 3.300% | 7/1/25 | 20,264 | 20,908 | |
1 | McDonald's Corp. | 1.450% | 9/1/25 | 9,795 | 9,560 | |
1 | McDonald's Corp. | 3.700% | 1/30/26 | 35,894 | 37,720 | |
Mohawk Industries Inc. | 3.850% | 2/1/23 | 12,769 | 12,948 | ||
NIKE Inc. | 2.250% | 5/1/23 | 9,835 | 9,918 | ||
NIKE Inc. | 2.400% | 3/27/25 | 21,208 | 21,512 | ||
NIKE Inc. | 2.375% | 11/1/26 | 18,800 | 19,029 | ||
O'Reilly Automotive Inc. | 3.850% | 6/15/23 | 5,904 | 6,028 | ||
O'Reilly Automotive Inc. | 3.550% | 3/15/26 | 12,154 | 12,641 | ||
Owens Corning | 4.200% | 12/1/24 | 7,421 | 7,747 | ||
Owens Corning | 3.400% | 8/15/26 | 10,766 | 11,080 | ||
PulteGroup Inc. | 5.500% | 3/1/26 | 12,130 | 13,352 | ||
PulteGroup Inc. | 5.000% | 1/15/27 | 2,790 | 3,043 | ||
PVH Corp. | 4.625% | 7/10/25 | 12,027 | 12,704 | ||
Ralph Lauren Corp. | 3.750% | 9/15/25 | 8,979 | 9,397 | ||
Ross Stores Inc. | 4.600% | 4/15/25 | 16,850 | 17,950 | ||
Ross Stores Inc. | 0.875% | 4/15/26 | 15,246 | 14,392 | ||
Sands China Ltd. | 5.125% | 8/8/25 | 43,361 | 43,663 | ||
Sands China Ltd. | 3.800% | 1/8/26 | 13,904 | 13,262 | ||
Stanley Black & Decker Inc. | 3.400% | 3/1/26 | 17,957 | 18,672 | ||
1 | Stanley Black & Decker Inc. | 4.000% | 3/15/60 | 16,484 | 16,004 | |
Starbucks Corp. | 3.100% | 3/1/23 | 19,121 | 19,417 | ||
Starbucks Corp. | 3.850% | 10/1/23 | 13,373 | 13,753 | ||
Starbucks Corp. | 3.800% | 8/15/25 | 30,022 | 31,455 | ||
Starbucks Corp. | 2.450% | 6/15/26 | 8,706 | 8,748 | ||
Stellantis NV | 5.250% | 4/15/23 | 24,575 | 25,408 | ||
TJX Cos. Inc. | 2.500% | 5/15/23 | 16,182 | 16,341 | ||
TJX Cos. Inc. | 2.250% | 9/15/26 | 17,585 | 17,615 | ||
Toll Brothers Finance Corp. | 4.875% | 11/15/25 | 8,475 | 8,987 | ||
Toyota Motor Corp. | 3.419% | 7/20/23 | 13,808 | 14,162 | ||
Toyota Motor Corp. | 0.681% | 3/25/24 | 35,379 | 34,504 | ||
Toyota Motor Corp. | 2.358% | 7/2/24 | 7,590 | 7,645 | ||
Toyota Motor Corp. | 1.339% | 3/25/26 | 24,048 | 23,215 | ||
1 | Toyota Motor Credit Corp. | 2.625% | 1/10/23 | 18,417 | 18,641 | |
1 | Toyota Motor Credit Corp. | 2.900% | 3/30/23 | 27,906 | 28,354 | |
1 | Toyota Motor Credit Corp. | 0.400% | 4/6/23 | 10,996 | 10,873 | |
1 | Toyota Motor Credit Corp. | 0.500% | 8/14/23 | 25,902 | 25,521 | |
1 | Toyota Motor Credit Corp. | 1.350% | 8/25/23 | 44,259 | 44,124 | |
1 | Toyota Motor Credit Corp. | 3.450% | 9/20/23 | 13,117 | 13,481 | |
1 | Toyota Motor Credit Corp. | 2.250% | 10/18/23 | 15,153 | 15,298 | |
Toyota Motor Credit Corp. | 3.350% | 1/8/24 | 11,186 | 11,503 | ||
1 | Toyota Motor Credit Corp. | 0.450% | 1/11/24 | 24,437 | 23,859 | |
1 | Toyota Motor Credit Corp. | 2.900% | 4/17/24 | 14,906 | 15,209 | |
1 | Toyota Motor Credit Corp. | 0.500% | 6/18/24 | 12,306 | 11,921 | |
Toyota Motor Credit Corp. | 0.625% | 9/13/24 | 17,159 | 16,573 | ||
1 | Toyota Motor Credit Corp. | 2.000% | 10/7/24 | 9,096 | 9,095 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Toyota Motor Credit Corp. | 1.450% | 1/13/25 | 13,735 | 13,525 | |
1 | Toyota Motor Credit Corp. | 1.800% | 2/13/25 | 53,171 | 52,786 | |
1 | Toyota Motor Credit Corp. | 3.000% | 4/1/25 | 28,019 | 28,704 | |
1 | Toyota Motor Credit Corp. | 3.400% | 4/14/25 | 14,963 | 15,484 | |
1 | Toyota Motor Credit Corp. | 0.800% | 10/16/25 | 11,616 | 11,045 | |
1 | Toyota Motor Credit Corp. | 0.800% | 1/9/26 | 17,015 | 16,149 | |
1 | Toyota Motor Credit Corp. | 1.125% | 6/18/26 | 24,013 | 22,992 | |
1 | Toyota Motor Credit Corp. | 3.200% | 1/11/27 | 35,853 | 37,313 | |
1 | Toyota Motor Credit Corp. | 1.900% | 1/13/27 | 8,930 | 8,773 | |
VF Corp. | 2.400% | 4/23/25 | 18,066 | 18,124 | ||
Walgreens Boots Alliance Inc. | 0.950% | 11/17/23 | 1,350 | 1,331 | ||
Whirlpool Corp. | 4.000% | 3/1/24 | 6,100 | 6,337 | ||
Whirlpool Corp. | 3.700% | 5/1/25 | 5,437 | 5,668 | ||
1 | Yale University | 0.873% | 4/15/25 | 11,346 | 10,995 | |
3,168,855 | ||||||
Consumer Staples (4.9%) | ||||||
Altria Group Inc. | 4.000% | 1/31/24 | 14,605 | 15,123 | ||
Altria Group Inc. | 3.800% | 2/14/24 | 10,547 | 10,860 | ||
Altria Group Inc. | 2.350% | 5/6/25 | 17,210 | 17,179 | ||
Altria Group Inc. | 4.400% | 2/14/26 | 32,483 | 34,508 | ||
Altria Group Inc. | 2.625% | 9/16/26 | 3,025 | 3,021 | ||
1 | Anheuser-Busch Cos. LLC | 3.650% | 2/1/26 | 79,123 | 82,711 | |
Archer-Daniels-Midland Co. | 2.500% | 8/11/26 | 21,706 | 21,952 | ||
BAT Capital Corp. | 3.222% | 8/15/24 | 51,948 | 52,743 | ||
BAT Capital Corp. | 2.789% | 9/6/24 | 18,641 | 18,759 | ||
BAT Capital Corp. | 3.215% | 9/6/26 | 22,641 | 22,664 | ||
BAT International Finance plc | 1.668% | 3/25/26 | 37,193 | 35,385 | ||
Brown-Forman Corp. | 3.500% | 4/15/25 | 3,651 | 3,796 | ||
Bunge Ltd. Finance Corp. | 4.350% | 3/15/24 | 11,155 | 11,691 | ||
Bunge Ltd. Finance Corp. | 1.630% | 8/17/25 | 12,676 | 12,305 | ||
Bunge Ltd. Finance Corp. | 3.250% | 8/15/26 | 18,890 | 19,348 | ||
Campbell Soup Co. | 3.650% | 3/15/23 | 4,680 | 4,767 | ||
Campbell Soup Co. | 3.950% | 3/15/25 | 20,067 | 20,937 | ||
Campbell Soup Co. | 3.300% | 3/19/25 | 10,676 | 10,920 | ||
Clorox Co. | 3.500% | 12/15/24 | 10,625 | 11,023 | ||
Coca-Cola Co. | 1.750% | 9/6/24 | 32,581 | 32,593 | ||
Coca-Cola Consolidated Inc. | 3.800% | 11/25/25 | 7,662 | 8,045 | ||
1 | Colgate-Palmolive Co. | 2.100% | 5/1/23 | 7,307 | 7,357 | |
1 | Colgate-Palmolive Co. | 3.250% | 3/15/24 | 9,731 | 10,032 | |
Conagra Brands Inc. | 0.500% | 8/11/23 | 10,530 | 10,329 | ||
Conagra Brands Inc. | 4.300% | 5/1/24 | 23,926 | 24,837 | ||
Conagra Brands Inc. | 4.600% | 11/1/25 | 28,264 | 30,085 | ||
Constellation Brands Inc. | 4.250% | 5/1/23 | 26,061 | 26,798 | ||
Constellation Brands Inc. | 4.750% | 11/15/24 | 7,140 | 7,591 | ||
Constellation Brands Inc. | 4.400% | 11/15/25 | 11,637 | 12,336 | ||
Constellation Brands Inc. | 4.750% | 12/1/25 | 9,361 | 10,126 | ||
Constellation Brands Inc. | 3.700% | 12/6/26 | 10,150 | 10,612 | ||
Costco Wholesale Corp. | 2.750% | 5/18/24 | 31,330 | 31,991 | ||
Diageo Capital plc | 2.625% | 4/29/23 | 18,663 | 18,855 | ||
Diageo Capital plc | 3.500% | 9/18/23 | 14,698 | 15,077 | ||
Diageo Capital plc | 2.125% | 10/24/24 | 13,189 | 13,238 | ||
Diageo Capital plc | 1.375% | 9/29/25 | 24,129 | 23,421 | ||
Dollar General Corp. | 3.250% | 4/15/23 | 20,732 | 21,037 | ||
Dollar General Corp. | 4.150% | 11/1/25 | 11,395 | 12,075 | ||
Dollar Tree Inc. | 4.000% | 5/15/25 | 22,744 | 23,778 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Estee Lauder Cos. Inc. | 2.000% | 12/1/24 | 13,211 | 13,270 | ||
Flowers Foods Inc. | 3.500% | 10/1/26 | 6,599 | 6,880 | ||
Fomento Economico Mexicano SAB de CV | 2.875% | 5/10/23 | 3,180 | 3,218 | ||
General Mills Inc. | 3.700% | 10/17/23 | 22,617 | 23,271 | ||
General Mills Inc. | 3.650% | 2/15/24 | 12,257 | 12,625 | ||
General Mills Inc. | 4.000% | 4/17/25 | 15,776 | 16,510 | ||
General Mills Inc. | 3.200% | 2/10/27 | 16,819 | 17,312 | ||
Hershey Co. | 2.625% | 5/1/23 | 635 | 641 | ||
Hershey Co. | 3.375% | 5/15/23 | 10,470 | 10,697 | ||
Hershey Co. | 2.050% | 11/15/24 | 724 | 728 | ||
Hershey Co. | 0.900% | 6/1/25 | 8,520 | 8,201 | ||
Hershey Co. | 3.200% | 8/21/25 | 5,377 | 5,555 | ||
Hershey Co. | 2.300% | 8/15/26 | 15,805 | 15,925 | ||
Hormel Foods Corp. | 0.650% | 6/3/24 | 14,738 | 14,353 | ||
Ingredion Inc. | 3.200% | 10/1/26 | 11,224 | 11,527 | ||
J M Smucker Co. | 3.500% | 3/15/25 | 26,731 | 27,659 | ||
Kellogg Co. | 2.650% | 12/1/23 | 12,892 | 13,078 | ||
Kellogg Co. | 3.250% | 4/1/26 | 15,732 | 16,150 | ||
Keurig Dr Pepper Inc. | 4.057% | 5/25/23 | 13,084 | 13,422 | ||
Keurig Dr Pepper Inc. | 3.130% | 12/15/23 | 26,286 | 26,820 | ||
Keurig Dr Pepper Inc. | 0.750% | 3/15/24 | 10,000 | 9,745 | ||
Keurig Dr Pepper Inc. | 4.417% | 5/25/25 | 24,367 | 25,775 | ||
Keurig Dr Pepper Inc. | 3.400% | 11/15/25 | 10,543 | 10,869 | ||
Keurig Dr Pepper Inc. | 2.550% | 9/15/26 | 16,663 | 16,673 | ||
Kimberly-Clark Corp. | 2.400% | 6/1/23 | 5,877 | 5,943 | ||
Kimberly-Clark Corp. | 3.050% | 8/15/25 | 6,120 | 6,312 | ||
Kimberly-Clark Corp. | 2.750% | 2/15/26 | 11,789 | 12,064 | ||
Kroger Co. | 3.850% | 8/1/23 | 11,348 | 11,628 | ||
Kroger Co. | 4.000% | 2/1/24 | 14,101 | 14,591 | ||
Kroger Co. | 3.500% | 2/1/26 | 8,162 | 8,498 | ||
Kroger Co. | 2.650% | 10/15/26 | 16,190 | 16,341 | ||
McCormick & Co. Inc. | 3.150% | 8/15/24 | 21,836 | 22,365 | ||
McCormick & Co. Inc. | 0.900% | 2/15/26 | 11,246 | 10,604 | ||
Mead Johnson Nutrition Co. | 4.125% | 11/15/25 | 27,276 | 28,723 | ||
Molson Coors Beverage Co. | 3.000% | 7/15/26 | 52,739 | 53,684 | ||
Mondelez International Inc. | 1.500% | 5/4/25 | 23,792 | 23,174 | ||
PepsiCo Inc. | 2.750% | 3/1/23 | 23,611 | 23,956 | ||
PepsiCo Inc. | 0.750% | 5/1/23 | 28,090 | 27,891 | ||
PepsiCo Inc. | 0.400% | 10/7/23 | 12,848 | 12,621 | ||
PepsiCo Inc. | 3.600% | 3/1/24 | 6,909 | 7,141 | ||
PepsiCo Inc. | 2.250% | 3/19/25 | 49,767 | 50,272 | ||
PepsiCo Inc. | 2.750% | 4/30/25 | 22,187 | 22,658 | ||
PepsiCo Inc. | 3.500% | 7/17/25 | 16,308 | 17,039 | ||
PepsiCo Inc. | 2.850% | 2/24/26 | 24,409 | 25,162 | ||
PepsiCo Inc. | 2.375% | 10/6/26 | 15,306 | 15,522 | ||
Philip Morris International Inc. | 2.625% | 3/6/23 | 15,911 | 16,084 | ||
Philip Morris International Inc. | 1.125% | 5/1/23 | 22,369 | 22,300 | ||
Philip Morris International Inc. | 2.125% | 5/10/23 | 11,258 | 11,327 | ||
Philip Morris International Inc. | 3.600% | 11/15/23 | 10,042 | 10,360 | ||
Philip Morris International Inc. | 2.875% | 5/1/24 | 18,945 | 19,328 | ||
Philip Morris International Inc. | 3.250% | 11/10/24 | 11,561 | 11,936 | ||
Philip Morris International Inc. | 1.500% | 5/1/25 | 7,658 | 7,471 | ||
Philip Morris International Inc. | 3.375% | 8/11/25 | 16,215 | 16,733 | ||
Philip Morris International Inc. | 2.750% | 2/25/26 | 23,433 | 23,764 | ||
Philip Morris International Inc. | 0.875% | 5/1/26 | 16,720 | 15,724 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Procter & Gamble Co. | 3.100% | 8/15/23 | 34,505 | 35,324 | ||
Procter & Gamble Co. | 0.550% | 10/29/25 | 22,135 | 21,051 | ||
Procter & Gamble Co. | 2.700% | 2/2/26 | 8,773 | 9,038 | ||
Procter & Gamble Co. | 2.450% | 11/3/26 | 27,607 | 28,107 | ||
Procter & Gamble Co. | 1.900% | 2/1/27 | 10,000 | 9,980 | ||
Reynolds American Inc. | 4.850% | 9/15/23 | 8,351 | 8,688 | ||
Reynolds American Inc. | 4.450% | 6/12/25 | 66,430 | 69,551 | ||
Sysco Corp. | 3.750% | 10/1/25 | 18,064 | 18,841 | ||
Sysco Corp. | 3.300% | 7/15/26 | 21,668 | 22,321 | ||
Target Corp. | 3.500% | 7/1/24 | 15,785 | 16,431 | ||
Target Corp. | 2.250% | 4/15/25 | 36,160 | 36,404 | ||
Target Corp. | 2.500% | 4/15/26 | 23,480 | 24,020 | ||
Target Corp. | 1.950% | 1/15/27 | 32,700 | 32,419 | ||
Tyson Foods Inc. | 3.900% | 9/28/23 | 3,948 | 4,060 | ||
Tyson Foods Inc. | 3.950% | 8/15/24 | 17,831 | 18,520 | ||
Tyson Foods Inc. | 4.000% | 3/1/26 | 22,317 | 23,359 | ||
Unilever Capital Corp. | 3.125% | 3/22/23 | 9,744 | 9,909 | ||
Unilever Capital Corp. | 0.375% | 9/14/23 | 16,605 | 16,289 | ||
Unilever Capital Corp. | 3.250% | 3/7/24 | 15,499 | 15,871 | ||
Unilever Capital Corp. | 2.600% | 5/5/24 | 16,986 | 17,190 | ||
Unilever Capital Corp. | 0.626% | 8/12/24 | 5,070 | 4,902 | ||
Unilever Capital Corp. | 3.375% | 3/22/25 | 7,786 | 8,047 | ||
Unilever Capital Corp. | 3.100% | 7/30/25 | 9,019 | 9,281 | ||
Unilever Capital Corp. | 2.000% | 7/28/26 | 20,790 | 20,596 | ||
Walgreens Boots Alliance Inc. | 3.800% | 11/18/24 | 21,425 | 22,205 | ||
Walgreens Boots Alliance Inc. | 3.450% | 6/1/26 | 32,665 | 34,033 | ||
Walmart Inc. | 2.550% | 4/11/23 | 30,636 | 30,991 | ||
Walmart Inc. | 3.400% | 6/26/23 | 58,389 | 59,870 | ||
Walmart Inc. | 3.300% | 4/22/24 | 35,894 | 37,038 | ||
Walmart Inc. | 2.850% | 7/8/24 | 29,149 | 29,857 | ||
Walmart Inc. | 2.650% | 12/15/24 | 14,838 | 15,186 | ||
Walmart Inc. | 3.550% | 6/26/25 | 29,082 | 30,588 | ||
Walmart Inc. | 3.050% | 7/8/26 | 24,071 | 25,082 | ||
Walmart Inc. | 1.050% | 9/17/26 | 10,840 | 10,413 | ||
2,427,487 | ||||||
Energy (6.5%) | ||||||
Baker Hughes Holdings LLC | 1.231% | 12/15/23 | 7,828 | 7,745 | ||
Baker Hughes Holdings LLC | 2.061% | 12/15/26 | 9,780 | 9,551 | ||
Boardwalk Pipelines LP | 4.950% | 12/15/24 | 10,476 | 11,067 | ||
Boardwalk Pipelines LP | 5.950% | 6/1/26 | 14,981 | 16,678 | ||
1 | BP Capital Markets America Inc. | 2.750% | 5/10/23 | 42,959 | 43,476 | |
BP Capital Markets America Inc. | 3.790% | 2/6/24 | 20,619 | 21,280 | ||
BP Capital Markets America Inc. | 3.194% | 4/6/25 | 24,017 | 24,606 | ||
BP Capital Markets America Inc. | 3.796% | 9/21/25 | 16,806 | 17,621 | ||
BP Capital Markets America Inc. | 3.410% | 2/11/26 | 21,830 | 22,614 | ||
1 | BP Capital Markets America Inc. | 3.119% | 5/4/26 | 15,782 | 16,214 | |
1 | BP Capital Markets America Inc. | 3.017% | 1/16/27 | 26,575 | 27,007 | |
BP Capital Markets plc | 2.750% | 5/10/23 | 2,701 | 2,734 | ||
BP Capital Markets plc | 3.994% | 9/26/23 | 19,842 | 20,483 | ||
BP Capital Markets plc | 3.814% | 2/10/24 | 45,064 | 46,613 | ||
BP Capital Markets plc | 3.535% | 11/4/24 | 13,913 | 14,400 | ||
BP Capital Markets plc | 3.506% | 3/17/25 | 18,887 | 19,578 | ||
Canadian Natural Resources Ltd. | 3.800% | 4/15/24 | 15,133 | 15,561 | ||
Canadian Natural Resources Ltd. | 3.900% | 2/1/25 | 13,505 | 14,041 | ||
Canadian Natural Resources Ltd. | 2.050% | 7/15/25 | 12,599 | 12,410 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Cenovus Energy Inc. | 5.375% | 7/15/25 | 22,065 | 23,900 | ||
Cheniere Corpus Christi Holdings LLC | 7.000% | 6/30/24 | 20,269 | 21,945 | ||
Cheniere Corpus Christi Holdings LLC | 5.875% | 3/31/25 | 51,558 | 55,692 | ||
Chevron Corp. | 1.141% | 5/11/23 | 38,510 | 38,369 | ||
Chevron Corp. | 2.566% | 5/16/23 | 11,484 | 11,625 | ||
Chevron Corp. | 3.191% | 6/24/23 | 36,898 | 37,610 | ||
Chevron Corp. | 2.895% | 3/3/24 | 23,995 | 24,509 | ||
Chevron Corp. | 1.554% | 5/11/25 | 53,813 | 53,029 | ||
Chevron Corp. | 3.326% | 11/17/25 | 13,841 | 14,392 | ||
Chevron Corp. | 2.954% | 5/16/26 | 48,476 | 50,093 | ||
Chevron USA Inc. | 0.426% | 8/11/23 | 10,777 | 10,617 | ||
Chevron USA Inc. | 3.900% | 11/15/24 | 14,535 | 15,242 | ||
Chevron USA Inc. | 0.687% | 8/12/25 | 20,139 | 19,236 | ||
Columbia Pipeline Group Inc. | 4.500% | 6/1/25 | 22,573 | 23,960 | ||
3 | ConocoPhillips Co. | 2.125% | 3/8/24 | 10,000 | 10,004 | |
ConocoPhillips Co. | 3.350% | 11/15/24 | 6,969 | 7,185 | ||
3 | ConocoPhillips Co. | 2.400% | 3/7/25 | 10,000 | 10,013 | |
ConocoPhillips Co. | 4.950% | 3/15/26 | 36,574 | 40,074 | ||
Continental Resources Inc. | 3.800% | 6/1/24 | 20,620 | 21,061 | ||
2 | Coterra Energy Inc. | 4.375% | 6/1/24 | 15,894 | 16,510 | |
Devon Energy Corp. | 5.250% | 9/15/24 | 13,989 | 14,896 | ||
Devon Energy Corp. | 5.850% | 12/15/25 | 10,711 | 11,947 | ||
Diamondback Energy Inc. | 2.875% | 12/1/24 | 14,206 | 14,378 | ||
Diamondback Energy Inc. | 4.750% | 5/31/25 | 17,231 | 18,412 | ||
Diamondback Energy Inc. | 3.250% | 12/1/26 | 19,395 | 19,822 | ||
2 | Eastern Gas Transmission & Storage Inc. | 3.600% | 12/15/24 | 3,906 | 4,029 | |
Enbridge Energy Partners LP | 5.875% | 10/15/25 | 7,982 | 8,835 | ||
Enbridge Inc. | 4.000% | 10/1/23 | 24,251 | 24,922 | ||
Enbridge Inc. | 0.550% | 10/4/23 | 5,008 | 4,905 | ||
Enbridge Inc. | 2.150% | 2/16/24 | 3,900 | 3,908 | ||
Enbridge Inc. | 3.500% | 6/10/24 | 11,878 | 12,172 | ||
Enbridge Inc. | 2.500% | 1/15/25 | 21,253 | 21,293 | ||
Enbridge Inc. | 2.500% | 2/14/25 | 5,835 | 5,856 | ||
Enbridge Inc. | 1.600% | 10/4/26 | 5,403 | 5,160 | ||
Enbridge Inc. | 4.250% | 12/1/26 | 22,483 | 23,971 | ||
1 | Energy Transfer LP | 4.250% | 3/15/23 | 21,105 | 21,516 | |
1 | Energy Transfer LP | 4.200% | 9/15/23 | 17,309 | 17,815 | |
Energy Transfer LP | 4.500% | 11/1/23 | 17,273 | 17,805 | ||
1 | Energy Transfer LP | 5.875% | 1/15/24 | 30,094 | 31,781 | |
Energy Transfer LP | 4.900% | 2/1/24 | 5,148 | 5,357 | ||
Energy Transfer LP | 4.250% | 4/1/24 | 16,080 | 16,619 | ||
Energy Transfer LP | 4.500% | 4/15/24 | 14,533 | 15,137 | ||
Energy Transfer LP | 3.900% | 5/15/24 | 11,278 | 11,583 | ||
Energy Transfer LP | 4.050% | 3/15/25 | 14,659 | 15,181 | ||
Energy Transfer LP | 2.900% | 5/15/25 | 23,828 | 23,965 | ||
Energy Transfer LP | 5.950% | 12/1/25 | 11,403 | 12,530 | ||
Energy Transfer LP | 4.750% | 1/15/26 | 21,844 | 23,205 | ||
Energy Transfer LP | 3.900% | 7/15/26 | 13,805 | 14,271 | ||
Enterprise Products Operating LLC | 3.350% | 3/15/23 | 25,933 | 26,284 | ||
Enterprise Products Operating LLC | 3.900% | 2/15/24 | 10,742 | 11,108 | ||
Enterprise Products Operating LLC | 3.750% | 2/15/25 | 30,384 | 31,606 | ||
Enterprise Products Operating LLC | 3.700% | 2/15/26 | 20,443 | 21,334 | ||
Enterprise Products Operating LLC | 3.950% | 2/15/27 | 13,010 | 13,736 | ||
EOG Resources Inc. | 2.625% | 3/15/23 | 17,067 | 17,204 | ||
EOG Resources Inc. | 3.150% | 4/1/25 | 9,667 | 9,931 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
EOG Resources Inc. | 4.150% | 1/15/26 | 21,418 | 22,901 | ||
Exxon Mobil Corp. | 2.726% | 3/1/23 | 36,343 | 36,774 | ||
Exxon Mobil Corp. | 1.571% | 4/15/23 | 60,468 | 60,615 | ||
Exxon Mobil Corp. | 3.176% | 3/15/24 | 11,623 | 11,944 | ||
Exxon Mobil Corp. | 2.019% | 8/16/24 | 24,786 | 24,909 | ||
Exxon Mobil Corp. | 2.709% | 3/6/25 | 27,775 | 28,290 | ||
Exxon Mobil Corp. | 2.992% | 3/19/25 | 82,467 | 84,711 | ||
Exxon Mobil Corp. | 3.043% | 3/1/26 | 52,978 | 54,834 | ||
Exxon Mobil Corp. | 2.275% | 8/16/26 | 28,997 | 29,142 | ||
Halliburton Co. | 3.500% | 8/1/23 | 15,402 | 15,714 | ||
Halliburton Co. | 3.800% | 11/15/25 | 7,518 | 7,875 | ||
Hess Corp. | 3.500% | 7/15/24 | 6,346 | 6,499 | ||
HollyFrontier Corp. | 2.625% | 10/1/23 | 5,247 | 5,277 | ||
HollyFrontier Corp. | 5.875% | 4/1/26 | 24,997 | 27,148 | ||
Kinder Morgan Energy Partners LP | 3.500% | 9/1/23 | 18,124 | 18,476 | ||
Kinder Morgan Energy Partners LP | 4.150% | 2/1/24 | 12,327 | 12,723 | ||
Kinder Morgan Energy Partners LP | 4.300% | 5/1/24 | 15,761 | 16,352 | ||
Kinder Morgan Energy Partners LP | 4.250% | 9/1/24 | 7,662 | 7,972 | ||
Kinder Morgan Inc. | 4.300% | 6/1/25 | 33,375 | 34,988 | ||
Kinder Morgan Inc. | 1.750% | 11/15/26 | 10,538 | 10,097 | ||
Magellan Midstream Partners LP | 5.000% | 3/1/26 | 13,802 | 15,008 | ||
Marathon Petroleum Corp. | 3.625% | 9/15/24 | 6,134 | 6,304 | ||
Marathon Petroleum Corp. | 4.700% | 5/1/25 | 38,838 | 41,276 | ||
Marathon Petroleum Corp. | 5.125% | 12/15/26 | 23,207 | 25,537 | ||
MPLX LP | 3.375% | 3/15/23 | 15,200 | 15,437 | ||
MPLX LP | 4.500% | 7/15/23 | 17,765 | 18,257 | ||
MPLX LP | 4.875% | 12/1/24 | 27,232 | 28,857 | ||
MPLX LP | 4.000% | 2/15/25 | 11,100 | 11,544 | ||
MPLX LP | 4.875% | 6/1/25 | 27,789 | 29,594 | ||
MPLX LP | 1.750% | 3/1/26 | 34,771 | 33,417 | ||
ONEOK Inc. | 7.500% | 9/1/23 | 7,200 | 7,686 | ||
ONEOK Inc. | 2.750% | 9/1/24 | 7,679 | 7,720 | ||
ONEOK Inc. | 2.200% | 9/15/25 | 9,373 | 9,250 | ||
ONEOK Inc. | 5.850% | 1/15/26 | 12,937 | 14,401 | ||
ONEOK Partners LP | 5.000% | 9/15/23 | 9,092 | 9,426 | ||
ONEOK Partners LP | 4.900% | 3/15/25 | 16,218 | 17,195 | ||
Ovintiv Exploration Inc. | 5.625% | 7/1/24 | 20,290 | 21,704 | ||
Ovintiv Exploration Inc. | 5.375% | 1/1/26 | 15,055 | 16,274 | ||
Phillips 66 | 3.700% | 4/6/23 | 8,234 | 8,415 | ||
Phillips 66 | 0.900% | 2/15/24 | 7,474 | 7,346 | ||
Phillips 66 | 3.850% | 4/9/25 | 25,187 | 26,211 | ||
Phillips 66 | 1.300% | 2/15/26 | 14,376 | 13,718 | ||
Phillips 66 Partners LP | 2.450% | 12/15/24 | 7,451 | 7,486 | ||
Phillips 66 Partners LP | 3.605% | 2/15/25 | 10,972 | 11,316 | ||
Phillips 66 Partners LP | 3.550% | 10/1/26 | 10,212 | 10,520 | ||
Pioneer Natural Resources Co. | 0.550% | 5/15/23 | 8,931 | 8,817 | ||
Pioneer Natural Resources Co. | 1.125% | 1/15/26 | 15,533 | 14,781 | ||
Plains All American Pipeline LP | 3.850% | 10/15/23 | 16,035 | 16,405 | ||
Plains All American Pipeline LP | 3.600% | 11/1/24 | 10,228 | 10,472 | ||
Plains All American Pipeline LP | 4.650% | 10/15/25 | 30,548 | 32,375 | ||
Plains All American Pipeline LP | 4.500% | 12/15/26 | 18,096 | 19,296 | ||
Sabine Pass Liquefaction LLC | 5.625% | 4/15/23 | 28,435 | 29,372 | ||
Sabine Pass Liquefaction LLC | 5.750% | 5/15/24 | 48,965 | 52,099 | ||
Sabine Pass Liquefaction LLC | 5.625% | 3/1/25 | 54,382 | 58,713 | ||
Sabine Pass Liquefaction LLC | 5.875% | 6/30/26 | 17,706 | 19,685 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Schlumberger Finance Canada Ltd. | 1.400% | 9/17/25 | 10,855 | 10,539 | ||
Schlumberger Investment SA | 3.650% | 12/1/23 | 34,369 | 35,305 | ||
Shell International Finance BV | 0.375% | 9/15/23 | 20,341 | 19,990 | ||
Shell International Finance BV | 3.500% | 11/13/23 | 20,595 | 21,217 | ||
Shell International Finance BV | 2.000% | 11/7/24 | 26,446 | 26,529 | ||
Shell International Finance BV | 3.250% | 5/11/25 | 63,558 | 65,896 | ||
Shell International Finance BV | 2.875% | 5/10/26 | 37,761 | 38,926 | ||
Shell International Finance BV | 2.500% | 9/12/26 | 23,193 | 23,464 | ||
Spectra Energy Partners LP | 4.750% | 3/15/24 | 25,994 | 27,188 | ||
Spectra Energy Partners LP | 3.500% | 3/15/25 | 6,708 | 6,894 | ||
Spectra Energy Partners LP | 3.375% | 10/15/26 | 17,864 | 18,391 | ||
Suncor Energy Inc. | 2.800% | 5/15/23 | 15,781 | 15,957 | ||
Suncor Energy Inc. | 3.100% | 5/15/25 | 14,770 | 15,077 | ||
Targa Resources Partners LP | 5.875% | 4/15/26 | 10,500 | 10,832 | ||
TC PipeLines LP | 4.375% | 3/13/25 | 6,897 | 7,249 | ||
TotalEnergies Capital Canada Ltd. | 2.750% | 7/15/23 | 28,847 | 29,254 | ||
TotalEnergies Capital International SA | 3.700% | 1/15/24 | 26,258 | 27,170 | ||
TotalEnergies Capital International SA | 3.750% | 4/10/24 | 13,581 | 13,964 | ||
TotalEnergies Capital International SA | 2.434% | 1/10/25 | 23,462 | 23,657 | ||
TransCanada PipeLines Ltd. | 3.750% | 10/16/23 | 13,240 | 13,583 | ||
TransCanada PipeLines Ltd. | 1.000% | 10/12/24 | 22,500 | 21,803 | ||
TransCanada PipeLines Ltd. | 4.875% | 1/15/26 | 19,095 | 20,661 | ||
Transcontinental Gas Pipe Line Co. LLC | 7.850% | 2/1/26 | 22,606 | 26,724 | ||
Valero Energy Corp. | 3.650% | 3/15/25 | 50 | 52 | ||
Valero Energy Corp. | 2.850% | 4/15/25 | 6,145 | 6,214 | ||
Williams Cos. Inc. | 4.500% | 11/15/23 | 11,775 | 12,209 | ||
Williams Cos. Inc. | 4.300% | 3/4/24 | 24,049 | 24,935 | ||
Williams Cos. Inc. | 4.550% | 6/24/24 | 22,925 | 24,035 | ||
Williams Cos. Inc. | 3.900% | 1/15/25 | 9,106 | 9,453 | ||
Williams Cos. Inc. | 4.000% | 9/15/25 | 21,236 | 22,155 | ||
3,233,697 | ||||||
Financials (42.4%) | ||||||
AerCap Ireland Capital DAC | 4.125% | 7/3/23 | 21,900 | 22,389 | ||
AerCap Ireland Capital DAC | 4.500% | 9/15/23 | 33,679 | 34,743 | ||
AerCap Ireland Capital DAC | 1.150% | 10/29/23 | 29,450 | 28,787 | ||
AerCap Ireland Capital DAC | 4.875% | 1/16/24 | 27,692 | 28,800 | ||
AerCap Ireland Capital DAC | 3.150% | 2/15/24 | 18,863 | 19,055 | ||
AerCap Ireland Capital DAC | 2.875% | 8/14/24 | 18,625 | 18,682 | ||
AerCap Ireland Capital DAC | 1.650% | 10/29/24 | 70,100 | 68,055 | ||
1 | AerCap Ireland Capital DAC | 1.750% | 10/29/24 | 22,380 | 21,745 | |
AerCap Ireland Capital DAC | 3.500% | 1/15/25 | 17,727 | 18,010 | ||
AerCap Ireland Capital DAC | 6.500% | 7/15/25 | 36,256 | 39,967 | ||
AerCap Ireland Capital DAC | 4.450% | 10/1/25 | 16,470 | 17,142 | ||
AerCap Ireland Capital DAC | 1.750% | 1/30/26 | 12,740 | 12,086 | ||
AerCap Ireland Capital DAC | 2.450% | 10/29/26 | 101,080 | 97,408 | ||
Affiliated Managers Group Inc. | 4.250% | 2/15/24 | 5,726 | 5,966 | ||
Affiliated Managers Group Inc. | 3.500% | 8/1/25 | 14,577 | 15,089 | ||
Aflac Inc. | 3.625% | 11/15/24 | 29,173 | 30,447 | ||
Aflac Inc. | 3.250% | 3/17/25 | 11,754 | 12,160 | ||
Aflac Inc. | 1.125% | 3/15/26 | 16,956 | 16,201 | ||
Air Lease Corp. | 3.875% | 7/3/23 | 15,060 | 15,371 | ||
Air Lease Corp. | 3.000% | 9/15/23 | 13,495 | 13,641 | ||
1 | Air Lease Corp. | 4.250% | 2/1/24 | 24,591 | 25,402 | |
1 | Air Lease Corp. | 0.700% | 2/15/24 | 14,612 | 14,127 | |
Air Lease Corp. | 0.800% | 8/18/24 | 17,848 | 17,136 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Air Lease Corp. | 4.250% | 9/15/24 | 13,193 | 13,666 | ||
1 | Air Lease Corp. | 2.300% | 2/1/25 | 18,271 | 18,069 | |
Air Lease Corp. | 3.250% | 3/1/25 | 12,825 | 12,942 | ||
Air Lease Corp. | 3.375% | 7/1/25 | 19,317 | 19,544 | ||
1 | Air Lease Corp. | 2.875% | 1/15/26 | 29,311 | 29,237 | |
1 | Air Lease Corp. | 3.750% | 6/1/26 | 13,917 | 14,295 | |
Air Lease Corp. | 1.875% | 8/15/26 | 28,693 | 27,279 | ||
Air Lease Corp. | 2.200% | 1/15/27 | 21,551 | 20,685 | ||
Aircastle Ltd. | 5.000% | 4/1/23 | 10,837 | 11,155 | ||
Aircastle Ltd. | 4.400% | 9/25/23 | 15,050 | 15,428 | ||
Aircastle Ltd. | 4.125% | 5/1/24 | 10,788 | 11,040 | ||
Aircastle Ltd. | 4.250% | 6/15/26 | 15,586 | 16,043 | ||
Allied World Assurance Co. Holdings Ltd. | 4.350% | 10/29/25 | 9,739 | 10,195 | ||
Allstate Corp. | 3.150% | 6/15/23 | 8,031 | 8,178 | ||
Allstate Corp. | 0.750% | 12/15/25 | 9,042 | 8,507 | ||
Allstate Corp. | 3.280% | 12/15/26 | 6,162 | 6,423 | ||
1 | Allstate Corp. | 5.750% | 8/15/53 | 15,647 | 15,739 | |
Ally Financial Inc. | 3.050% | 6/5/23 | 4,118 | 4,166 | ||
Ally Financial Inc. | 1.450% | 10/2/23 | 32,304 | 31,919 | ||
Ally Financial Inc. | 3.875% | 5/21/24 | 12,397 | 12,791 | ||
Ally Financial Inc. | 5.125% | 9/30/24 | 30,167 | 32,000 | ||
Ally Financial Inc. | 4.625% | 3/30/25 | 21,298 | 22,426 | ||
Ally Financial Inc. | 5.800% | 5/1/25 | 17,269 | 18,695 | ||
American Express Co. | 3.700% | 8/3/23 | 30,074 | 30,881 | ||
American Express Co. | 0.750% | 11/3/23 | 17,930 | 17,655 | ||
American Express Co. | 3.400% | 2/22/24 | 32,064 | 32,965 | ||
American Express Co. | 2.500% | 7/30/24 | 28,195 | 28,531 | ||
American Express Co. | 3.000% | 10/30/24 | 35,253 | 36,053 | ||
American Express Co. | 3.625% | 12/5/24 | 11,254 | 11,650 | ||
American Express Co. | 4.200% | 11/6/25 | 12,896 | 13,719 | ||
American Express Co. | 3.125% | 5/20/26 | 25,235 | 25,922 | ||
American Express Co. | 1.650% | 11/4/26 | 24,050 | 23,279 | ||
American Financial Group Inc. | 3.500% | 8/15/26 | 5,549 | 5,784 | ||
American International Group Inc. | 4.125% | 2/15/24 | 28,451 | 29,642 | ||
American International Group Inc. | 2.500% | 6/30/25 | 40,700 | 40,884 | ||
American International Group Inc. | 3.750% | 7/10/25 | 19,695 | 20,501 | ||
American International Group Inc. | 3.900% | 4/1/26 | 30,323 | 31,876 | ||
Ameriprise Financial Inc. | 4.000% | 10/15/23 | 20,230 | 20,908 | ||
Ameriprise Financial Inc. | 3.700% | 10/15/24 | 11,653 | 12,139 | ||
Ameriprise Financial Inc. | 3.000% | 4/2/25 | 17,286 | 17,597 | ||
Ameriprise Financial Inc. | 2.875% | 9/15/26 | 3,864 | 3,957 | ||
1 | Aon Corp. | 8.205% | 1/1/27 | 10,581 | 12,696 | |
Aon plc | 4.000% | 11/27/23 | 6,287 | 6,487 | ||
Aon plc | 3.500% | 6/14/24 | 9,429 | 9,679 | ||
Aon plc | 3.875% | 12/15/25 | 24,432 | 25,515 | ||
Arch Capital Finance LLC | 4.011% | 12/15/26 | 11,409 | 12,145 | ||
Ares Capital Corp. | 4.200% | 6/10/24 | 14,382 | 14,829 | ||
Ares Capital Corp. | 4.250% | 3/1/25 | 20,040 | 20,496 | ||
Ares Capital Corp. | 3.250% | 7/15/25 | 21,477 | 21,373 | ||
Ares Capital Corp. | 3.875% | 1/15/26 | 29,230 | 29,612 | ||
Ares Capital Corp. | 2.150% | 7/15/26 | 23,478 | 22,166 | ||
Aspen Insurance Holdings Ltd. | 4.650% | 11/15/23 | 4,904 | 5,094 | ||
Assurant Inc. | 4.200% | 9/27/23 | 7,190 | 7,429 | ||
Assured Guaranty US Holdings Inc. | 5.000% | 7/1/24 | 7,084 | 7,504 | ||
1 | Australia & New Zealand Banking Group Ltd. | 3.700% | 11/16/25 | 15,707 | 16,574 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Bain Capital Specialty Finance Inc. | 2.950% | 3/10/26 | 6,120 | 5,920 | ||
Bain Capital Specialty Finance Inc. | 2.550% | 10/13/26 | 6,847 | 6,414 | ||
Banco Bilbao Vizcaya Argentaria SA | 0.875% | 9/18/23 | 26,950 | 26,555 | ||
Banco Bilbao Vizcaya Argentaria SA | 1.125% | 9/18/25 | 18,702 | 17,772 | ||
Banco Santander SA | 3.848% | 4/12/23 | 30,131 | 30,785 | ||
Banco Santander SA | 2.706% | 6/27/24 | 37,335 | 37,675 | ||
Banco Santander SA | 0.701% | 6/30/24 | 15,075 | 14,811 | ||
Banco Santander SA | 2.746% | 5/28/25 | 43,333 | 43,374 | ||
Banco Santander SA | 5.179% | 11/19/25 | 33,948 | 36,259 | ||
Banco Santander SA | 1.849% | 3/25/26 | 25,477 | 24,484 | ||
Banco Santander SA | 1.722% | 9/14/27 | 22,400 | 21,121 | ||
Bank of America Corp. | 4.100% | 7/24/23 | 35,317 | 36,501 | ||
1 | Bank of America Corp. | 4.125% | 1/22/24 | 63,792 | 66,322 | |
1 | Bank of America Corp. | 3.550% | 3/5/24 | 77,454 | 78,690 | |
1 | Bank of America Corp. | 4.000% | 4/1/24 | 26,847 | 27,850 | |
1 | Bank of America Corp. | 1.486% | 5/19/24 | 22,308 | 22,172 | |
1 | Bank of America Corp. | 0.523% | 6/14/24 | 13,306 | 13,065 | |
1 | Bank of America Corp. | 3.864% | 7/23/24 | 56,186 | 57,510 | |
1 | Bank of America Corp. | 4.200% | 8/26/24 | 54,249 | 56,485 | |
1 | Bank of America Corp. | 0.810% | 10/24/24 | 50,423 | 49,247 | |
1 | Bank of America Corp. | 4.000% | 1/22/25 | 62,288 | 64,688 | |
Bank of America Corp. | 1.843% | 2/4/25 | 10,000 | 9,902 | ||
1 | Bank of America Corp. | 3.458% | 3/15/25 | 69,145 | 70,507 | |
1 | Bank of America Corp. | 3.950% | 4/21/25 | 62,221 | 64,501 | |
Bank of America Corp. | 0.976% | 4/22/25 | 57,916 | 56,228 | ||
1 | Bank of America Corp. | 3.875% | 8/1/25 | 18,449 | 19,335 | |
1 | Bank of America Corp. | 0.981% | 9/25/25 | 51,389 | 49,450 | |
1 | Bank of America Corp. | 3.093% | 10/1/25 | 59,222 | 60,056 | |
1 | Bank of America Corp. | 2.456% | 10/22/25 | 48,639 | 48,527 | |
1 | Bank of America Corp. | 1.530% | 12/6/25 | 21,605 | 20,992 | |
1 | Bank of America Corp. | 3.366% | 1/23/26 | 52,221 | 53,247 | |
1 | Bank of America Corp. | 2.015% | 2/13/26 | 43,079 | 42,367 | |
1 | Bank of America Corp. | 4.450% | 3/3/26 | 53,205 | 56,568 | |
1 | Bank of America Corp. | 3.500% | 4/19/26 | 86,762 | 89,977 | |
1 | Bank of America Corp. | 1.319% | 6/19/26 | 76,611 | 73,246 | |
Bank of America Corp. | 6.220% | 9/15/26 | 7,488 | 8,556 | ||
1 | Bank of America Corp. | 4.250% | 10/22/26 | 46,730 | 49,580 | |
1 | Bank of America Corp. | 1.197% | 10/24/26 | 69,394 | 65,644 | |
1 | Bank of America Corp. | 1.658% | 3/11/27 | 68,740 | 65,758 | |
1 | Bank of America Corp. | 3.559% | 4/23/27 | 36,246 | 37,213 | |
Bank of America Corp. | 1.734% | 7/22/27 | 115,821 | 110,640 | ||
1 | Bank of America Corp. | 4.183% | 11/25/27 | 52,447 | 55,110 | |
1 | Bank of America Corp. | 3.824% | 1/20/28 | 50,199 | 52,323 | |
Bank of America Corp. | 2.551% | 2/4/28 | 10,000 | 9,842 | ||
1 | Bank of Montreal | 2.050% | 11/1/22 | 14,147 | 14,238 | |
1 | Bank of Montreal | 2.550% | 11/6/22 | 14,992 | 15,123 | |
1 | Bank of Montreal | 0.400% | 9/15/23 | 33,619 | 32,918 | |
Bank of Montreal | 0.450% | 12/8/23 | 24,600 | 23,999 | ||
1 | Bank of Montreal | 3.300% | 2/5/24 | 52,507 | 53,804 | |
1 | Bank of Montreal | 2.500% | 6/28/24 | 14,778 | 14,914 | |
1 | Bank of Montreal | 1.500% | 1/10/25 | 21,350 | 20,903 | |
1 | Bank of Montreal | 1.850% | 5/1/25 | 41,106 | 40,629 | |
1 | Bank of Montreal | 1.250% | 9/15/26 | 20,112 | 19,073 | |
1 | Bank of Montreal | 0.949% | 1/22/27 | 22,394 | 21,135 | |
1 | Bank of Montreal | 4.338% | 10/5/28 | 5,985 | 6,166 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Bank of New York Mellon Corp. | 1.850% | 1/27/23 | 15,611 | 15,720 | |
1 | Bank of New York Mellon Corp. | 2.950% | 1/29/23 | 17,944 | 18,170 | |
1 | Bank of New York Mellon Corp. | 3.500% | 4/28/23 | 18,657 | 19,075 | |
1 | Bank of New York Mellon Corp. | 3.450% | 8/11/23 | 21,572 | 22,136 | |
1 | Bank of New York Mellon Corp. | 2.200% | 8/16/23 | 31,036 | 31,280 | |
1 | Bank of New York Mellon Corp. | 0.350% | 12/7/23 | 26,520 | 25,951 | |
1 | Bank of New York Mellon Corp. | 3.650% | 2/4/24 | 16,548 | 17,081 | |
1 | Bank of New York Mellon Corp. | 0.500% | 4/26/24 | 11,699 | 11,381 | |
Bank of New York Mellon Corp. | 3.400% | 5/15/24 | 11,351 | 11,715 | ||
1 | Bank of New York Mellon Corp. | 3.250% | 9/11/24 | 9,884 | 10,182 | |
1 | Bank of New York Mellon Corp. | 2.100% | 10/24/24 | 18,425 | 18,493 | |
1 | Bank of New York Mellon Corp. | 3.000% | 2/24/25 | 17,769 | 18,237 | |
1 | Bank of New York Mellon Corp. | 1.600% | 4/24/25 | 26,324 | 25,916 | |
1 | Bank of New York Mellon Corp. | 3.950% | 11/18/25 | 10,418 | 11,052 | |
1 | Bank of New York Mellon Corp. | 0.750% | 1/28/26 | 5,811 | 5,512 | |
1 | Bank of New York Mellon Corp. | 2.800% | 5/4/26 | 22,417 | 22,919 | |
1 | Bank of New York Mellon Corp. | 2.450% | 8/17/26 | 16,820 | 17,025 | |
1 | Bank of New York Mellon Corp. | 1.050% | 10/15/26 | 205 | 195 | |
Bank of New York Mellon Corp. | 2.050% | 1/26/27 | 5,590 | 5,528 | ||
1 | Bank of New York Mellon Corp. | 3.442% | 2/7/28 | 34,155 | 35,702 | |
Bank of Nova Scotia | 2.000% | 11/15/22 | 35,801 | 36,041 | ||
Bank of Nova Scotia | 1.625% | 5/1/23 | 31,432 | 31,436 | ||
Bank of Nova Scotia | 0.400% | 9/15/23 | 40,090 | 39,301 | ||
Bank of Nova Scotia | 0.550% | 9/15/23 | 17,877 | 17,528 | ||
Bank of Nova Scotia | 3.400% | 2/11/24 | 21,959 | 22,533 | ||
Bank of Nova Scotia | 0.700% | 4/15/24 | 9,869 | 9,575 | ||
Bank of Nova Scotia | 0.650% | 7/31/24 | 17,791 | 17,162 | ||
Bank of Nova Scotia | 1.450% | 1/10/25 | 12,869 | 12,593 | ||
Bank of Nova Scotia | 2.200% | 2/3/25 | 22,484 | 22,411 | ||
Bank of Nova Scotia | 1.300% | 6/11/25 | 36,308 | 35,038 | ||
Bank of Nova Scotia | 4.500% | 12/16/25 | 15,589 | 16,570 | ||
Bank of Nova Scotia | 1.050% | 3/2/26 | 19,002 | 17,998 | ||
Bank of Nova Scotia | 1.350% | 6/24/26 | 23,135 | 22,079 | ||
Bank of Nova Scotia | 2.700% | 8/3/26 | 29,991 | 30,284 | ||
Bank of Nova Scotia | 1.300% | 9/15/26 | 21,400 | 20,347 | ||
1 | Bank of Nova Scotia | 4.650% | 4/12/70 | 3,800 | 3,631 | |
BankUnited Inc. | 4.875% | 11/17/25 | 7,821 | 8,380 | ||
1 | Barclays Bank plc | 3.750% | 5/15/24 | 6,793 | 7,035 | |
1 | Barclays plc | 4.338% | 5/16/24 | 48,522 | 49,869 | |
Barclays plc | 4.375% | 9/11/24 | 22,099 | 22,913 | ||
Barclays plc | 1.007% | 12/10/24 | 25,026 | 24,406 | ||
Barclays plc | 3.650% | 3/16/25 | 50,994 | 52,339 | ||
1 | Barclays plc | 3.932% | 5/7/25 | 49,588 | 50,941 | |
Barclays plc | 4.375% | 1/12/26 | 65,716 | 69,387 | ||
1 | Barclays plc | 2.852% | 5/7/26 | 61,280 | �� 61,205 | |
Barclays plc | 5.200% | 5/12/26 | 18,361 | 19,781 | ||
Barclays plc | 2.279% | 11/24/27 | 24,204 | 23,345 | ||
Berkshire Hathaway Inc. | 2.750% | 3/15/23 | 49,671 | 50,290 | ||
Berkshire Hathaway Inc. | 3.125% | 3/15/26 | 58,802 | 61,059 | ||
BGC Partners Inc. | 5.375% | 7/24/23 | 9,885 | 10,245 | ||
BGC Partners Inc. | 3.750% | 10/1/24 | 6,982 | 7,113 | ||
BlackRock Inc. | 3.500% | 3/18/24 | 20,581 | 21,312 | ||
2 | Blackstone Private Credit Fund | 2.350% | 11/22/24 | 21,455 | 20,769 | |
2 | Blackstone Private Credit Fund | 2.700% | 1/15/25 | 9,560 | 9,309 | |
2 | Blackstone Private Credit Fund | 2.625% | 12/15/26 | 28,501 | 26,471 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Blackstone Secured Lending Fund | 3.650% | 7/14/23 | 5,587 | 5,672 | ||
Blackstone Secured Lending Fund | 3.625% | 1/15/26 | 16,744 | 16,744 | ||
Blackstone Secured Lending Fund | 2.750% | 9/16/26 | 20,433 | 19,608 | ||
2 | Blackstone Secured Lending Fund | 2.125% | 2/15/27 | 17,652 | 16,367 | |
1 | BNP Paribas SA | 3.250% | 3/3/23 | 12,742 | 12,944 | |
1 | BNP Paribas SA | 4.250% | 10/15/24 | 23,209 | 24,233 | |
2 | BNP Paribas SA | 2.819% | 11/19/25 | 1,800 | 1,801 | |
BPCE SA | 4.000% | 4/15/24 | 34,588 | 35,842 | ||
1 | BPCE SA | 3.375% | 12/2/26 | 11,021 | 11,360 | |
Brookfield Asset Management Inc. | 4.000% | 1/15/25 | 11,020 | 11,447 | ||
Brookfield Finance Inc. | 4.000% | 4/1/24 | 17,295 | 17,885 | ||
Brookfield Finance Inc. | 4.250% | 6/2/26 | 9,922 | 10,585 | ||
Brown & Brown Inc. | 4.200% | 9/15/24 | 8,089 | 8,427 | ||
Business Development Corp. of America | 3.250% | 3/30/26 | 7,763 | 7,441 | ||
1 | Cadence Bank | 4.125% | 11/20/29 | 1,275 | 1,294 | |
Canadian Imperial Bank of Commerce | 0.450% | 6/22/23 | 18,014 | 17,712 | ||
Canadian Imperial Bank of Commerce | 0.950% | 6/23/23 | 28,536 | 28,238 | ||
1 | Canadian Imperial Bank of Commerce | 3.500% | 9/13/23 | 32,378 | 33,280 | |
Canadian Imperial Bank of Commerce | 0.500% | 12/14/23 | 22,161 | 21,590 | ||
Canadian Imperial Bank of Commerce | 3.100% | 4/2/24 | 16,377 | 16,703 | ||
Canadian Imperial Bank of Commerce | 1.000% | 10/18/24 | 12,662 | 12,266 | ||
Canadian Imperial Bank of Commerce | 2.250% | 1/28/25 | 16,852 | 16,831 | ||
Canadian Imperial Bank of Commerce | 0.950% | 10/23/25 | 8,904 | 8,465 | ||
Canadian Imperial Bank of Commerce | 1.250% | 6/22/26 | 23,709 | 22,440 | ||
1 | Capital One Bank USA NA | 2.280% | 1/28/26 | 1,730 | 1,720 | |
Capital One Financial Corp. | 2.600% | 5/11/23 | 41,383 | 41,777 | ||
Capital One Financial Corp. | 3.500% | 6/15/23 | 36,955 | 37,747 | ||
Capital One Financial Corp. | 3.900% | 1/29/24 | 27,391 | 28,250 | ||
Capital One Financial Corp. | 3.750% | 4/24/24 | 17,752 | 18,327 | ||
Capital One Financial Corp. | 3.300% | 10/30/24 | 24,248 | 24,831 | ||
Capital One Financial Corp. | 1.343% | 12/6/24 | 16,605 | 16,368 | ||
Capital One Financial Corp. | 3.200% | 2/5/25 | 37,911 | 38,727 | ||
Capital One Financial Corp. | 4.250% | 4/30/25 | 9,353 | 9,839 | ||
Capital One Financial Corp. | 4.200% | 10/29/25 | 31,120 | 32,682 | ||
Capital One Financial Corp. | 3.750% | 7/28/26 | 33,060 | 34,347 | ||
Capital One Financial Corp. | 1.878% | 11/2/27 | 25,037 | 24,003 | ||
Cboe Global Markets Inc. | 3.650% | 1/12/27 | 9,193 | 9,652 | ||
Charles Schwab Corp. | 3.225% | 9/1/22 | 1,500 | 1,514 | ||
Charles Schwab Corp. | 3.550% | 2/1/24 | 13,994 | 14,433 | ||
Charles Schwab Corp. | 0.750% | 3/18/24 | 37,034 | 36,260 | ||
Charles Schwab Corp. | 3.750% | 4/1/24 | 11,900 | 12,320 | ||
Charles Schwab Corp. | 3.000% | 3/10/25 | 13,667 | 13,997 | ||
Charles Schwab Corp. | 4.200% | 3/24/25 | 8,600 | 9,125 | ||
Charles Schwab Corp. | 3.625% | 4/1/25 | 11,573 | 12,037 | ||
Charles Schwab Corp. | 3.850% | 5/21/25 | 20,359 | 21,389 | ||
Charles Schwab Corp. | 3.450% | 2/13/26 | 9,638 | 10,066 | ||
Charles Schwab Corp. | 0.900% | 3/11/26 | 10,254 | 9,720 | ||
Charles Schwab Corp. | 1.150% | 5/13/26 | 30,095 | 28,888 | ||
Chubb INA Holdings Inc. | 2.700% | 3/13/23 | 17,035 | 17,229 | ||
Chubb INA Holdings Inc. | 3.350% | 5/15/24 | 19,452 | 20,056 | ||
Chubb INA Holdings Inc. | 3.150% | 3/15/25 | 21,506 | 22,254 | ||
Chubb INA Holdings Inc. | 3.350% | 5/3/26 | 35,800 | 37,215 | ||
1 | Citibank NA | 3.650% | 1/23/24 | 45,170 | 46,685 | |
Citigroup Inc. | 3.375% | 3/1/23 | 6,976 | 7,100 | ||
Citigroup Inc. | 3.500% | 5/15/23 | 31,639 | 32,364 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Citigroup Inc. | 3.875% | 10/25/23 | 26,092 | 26,931 | ||
1 | Citigroup Inc. | 1.678% | 5/15/24 | 25,280 | 25,248 | |
1 | Citigroup Inc. | 4.044% | 6/1/24 | 37,567 | 38,533 | |
Citigroup Inc. | 3.750% | 6/16/24 | 20,533 | 21,252 | ||
Citigroup Inc. | 4.000% | 8/5/24 | 11,663 | 12,054 | ||
Citigroup Inc. | 0.776% | 10/30/24 | 51,246 | 50,116 | ||
Citigroup Inc. | 3.875% | 3/26/25 | 35,107 | 36,296 | ||
1 | Citigroup Inc. | 3.352% | 4/24/25 | 75,281 | 76,843 | |
Citigroup Inc. | 3.300% | 4/27/25 | 29,576 | 30,288 | ||
Citigroup Inc. | 0.981% | 5/1/25 | 13,080 | 12,713 | ||
Citigroup Inc. | 4.400% | 6/10/25 | 55,694 | 58,449 | ||
Citigroup Inc. | 5.500% | 9/13/25 | 34,453 | 37,586 | ||
Citigroup Inc. | 1.281% | 11/3/25 | 22,225 | 21,532 | ||
Citigroup Inc. | 3.700% | 1/12/26 | 47,451 | 49,568 | ||
Citigroup Inc. | 2.014% | 1/25/26 | 46,209 | 45,534 | ||
Citigroup Inc. | 4.600% | 3/9/26 | 39,615 | 42,272 | ||
1 | Citigroup Inc. | 3.106% | 4/8/26 | 88,660 | 89,850 | |
Citigroup Inc. | 3.400% | 5/1/26 | 47,691 | 49,163 | ||
Citigroup Inc. | 3.200% | 10/21/26 | 85,973 | 87,674 | ||
Citigroup Inc. | 4.300% | 11/20/26 | 20,320 | 21,636 | ||
Citigroup Inc. | 1.122% | 1/28/27 | 53,956 | 50,831 | ||
Citigroup Inc. | 1.462% | 6/9/27 | 20,580 | 19,493 | ||
1 | Citigroup Inc. | 3.887% | 1/10/28 | 40,214 | 41,987 | |
1 | Citigroup Inc. | 3.070% | 2/24/28 | 45,000 | 45,396 | |
1 | Citizens Bank NA | 3.700% | 3/29/23 | 14,526 | 14,809 | |
1 | Citizens Bank NA | 2.250% | 4/28/25 | 12,836 | 12,796 | |
1 | Citizens Bank NA | 3.750% | 2/18/26 | 17,434 | 18,327 | |
Citizens Financial Group Inc. | 4.300% | 12/3/25 | 3,738 | 3,939 | ||
Citizens Financial Group Inc. | 2.850% | 7/27/26 | 16,185 | 16,348 | ||
Citizens Financial Group Inc. | 4.300% | 2/11/31 | 3,691 | 3,758 | ||
CME Group Inc. | 3.000% | 3/15/25 | 16,979 | 17,433 | ||
CNA Financial Corp. | 3.950% | 5/15/24 | 12,761 | 13,168 | ||
CNA Financial Corp. | 4.500% | 3/1/26 | 10,057 | 10,805 | ||
CNO Financial Group Inc. | 5.250% | 5/30/25 | 14,275 | 15,292 | ||
1 | Comerica Bank | 2.500% | 7/23/24 | 12,659 | 12,785 | |
1 | Comerica Bank | 4.000% | 7/27/25 | 5,367 | 5,642 | |
Comerica Inc. | 3.700% | 7/31/23 | 16,565 | 16,947 | ||
Cooperatieve Rabobank UA | 0.375% | 1/12/24 | 21,920 | 21,370 | ||
Cooperatieve Rabobank UA | 1.375% | 1/10/25 | 22,960 | 22,565 | ||
1 | Cooperatieve Rabobank UA | 3.375% | 5/21/25 | 32,995 | 34,219 | |
Cooperatieve Rabobank UA | 4.375% | 8/4/25 | 27,339 | 28,631 | ||
1 | Cooperatieve Rabobank UA | 3.750% | 7/21/26 | 35,706 | 36,881 | |
Credit Suisse AG | 1.000% | 5/5/23 | 43,400 | 43,066 | ||
1 | Credit Suisse AG | 0.520% | 8/9/23 | 17,640 | 17,329 | |
Credit Suisse AG | 0.495% | 2/2/24 | 25,245 | 24,480 | ||
1 | Credit Suisse AG | 3.625% | 9/9/24 | 85,080 | 87,809 | |
Credit Suisse AG | 2.950% | 4/9/25 | 49,067 | 49,735 | ||
Credit Suisse AG | 1.250% | 8/7/26 | 28,846 | 27,109 | ||
Credit Suisse Group AG | 3.800% | 6/9/23 | 39,892 | 40,787 | ||
Credit Suisse Group AG | 3.750% | 3/26/25 | 51,546 | 52,944 | ||
Credit Suisse Group AG | 4.550% | 4/17/26 | 51,069 | 53,943 | ||
1 | Deutsche Bank AG | 0.962% | 11/8/23 | 27,657 | 27,163 | |
Deutsche Bank AG | 0.898% | 5/28/24 | 7,040 | 6,830 | ||
1 | Deutsche Bank AG | 3.700% | 5/30/24 | 31,741 | 32,525 | |
Deutsche Bank AG | 3.700% | 5/30/24 | 11,827 | 12,140 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Deutsche Bank AG | 2.222% | 9/18/24 | 60,473 | 60,361 | |
Deutsche Bank AG | 1.447% | 4/1/25 | 6,045 | 5,904 | ||
1 | Deutsche Bank AG | 3.961% | 11/26/25 | 28,302 | 28,957 | |
Deutsche Bank AG | 4.100% | 1/13/26 | 4,506 | 4,692 | ||
1 | Deutsche Bank AG | 4.100% | 1/13/26 | 18,996 | 19,813 | |
Deutsche Bank AG | 1.686% | 3/19/26 | 20,965 | 20,244 | ||
Deutsche Bank AG | 2.129% | 11/24/26 | 45,983 | 44,269 | ||
Deutsche Bank AG | 2.311% | 11/16/27 | 38,034 | 36,373 | ||
Deutsche Bank AG | 2.552% | 1/7/28 | 38,115 | 36,659 | ||
1 | Discover Bank | 4.200% | 8/8/23 | 23,105 | 23,830 | |
Discover Bank | 2.450% | 9/12/24 | 18,404 | 18,431 | ||
1 | Discover Bank | 4.250% | 3/13/26 | 1,997 | 2,112 | |
1 | Discover Bank | 3.450% | 7/27/26 | 26,591 | 27,352 | |
1 | Discover Bank | 4.682% | 8/9/28 | 10,933 | 11,221 | |
Discover Financial Services | 3.950% | 11/6/24 | 10,755 | 11,172 | ||
Discover Financial Services | 3.750% | 3/4/25 | 11,164 | 11,564 | ||
Discover Financial Services | 4.500% | 1/30/26 | 22,504 | 23,951 | ||
Discover Financial Services | 4.100% | 2/9/27 | 21,841 | 22,898 | ||
Eaton Vance Corp. | 3.625% | 6/15/23 | 8,303 | 8,483 | ||
Equitable Holdings Inc. | 3.900% | 4/20/23 | 12,110 | 12,391 | ||
Fifth Third Bancorp | 1.625% | 5/5/23 | 13,842 | 13,835 | ||
Fifth Third Bancorp | 4.300% | 1/16/24 | 18,044 | 18,742 | ||
Fifth Third Bancorp | 3.650% | 1/25/24 | 53,369 | 54,923 | ||
Fifth Third Bancorp | 2.375% | 1/28/25 | 13,492 | 13,514 | ||
Fifth Third Bancorp | 1.707% | 11/1/27 | 2,910 | 2,793 | ||
1 | Fifth Third Bank NA | 3.950% | 7/28/25 | 12,747 | 13,502 | |
1 | Fifth Third Bank NA | 3.850% | 3/15/26 | 16,389 | 17,173 | |
1 | Fifth Third Bank NA | 2.250% | 2/1/27 | 16,988 | 16,884 | |
First American Financial Corp. | 4.600% | 11/15/24 | 6,172 | 6,512 | ||
First Horizon Corp. | 3.550% | 5/26/23 | 4,189 | 4,256 | ||
First Horizon Corp. | 4.000% | 5/26/25 | 12,243 | 12,707 | ||
1 | First-Citizens Bank & Trust Co. | 2.969% | 9/27/25 | 8,292 | 8,370 | |
Franklin Resources Inc. | 2.850% | 3/30/25 | 9,757 | 9,950 | ||
FS KKR Capital Corp. | 4.625% | 7/15/24 | 12,531 | 12,870 | ||
FS KKR Capital Corp. | 4.125% | 2/1/25 | 12,980 | 13,138 | ||
FS KKR Capital Corp. | 3.400% | 1/15/26 | 23,848 | 23,507 | ||
FS KKR Capital Corp. | 2.625% | 1/15/27 | 6,615 | 6,255 | ||
GATX Corp. | 3.900% | 3/30/23 | 1,505 | 1,535 | ||
GATX Corp. | 4.350% | 2/15/24 | 6,619 | 6,894 | ||
GATX Corp. | 3.250% | 3/30/25 | 4,306 | 4,402 | ||
GATX Corp. | 3.250% | 9/15/26 | 7,578 | 7,756 | ||
GE Capital Funding LLC | 3.450% | 5/15/25 | 27,303 | 28,055 | ||
Global Payments Inc. | 3.750% | 6/1/23 | 13,036 | 13,276 | ||
Global Payments Inc. | 4.000% | 6/1/23 | 13,744 | 14,083 | ||
Global Payments Inc. | 1.500% | 11/15/24 | 12,185 | 11,896 | ||
Global Payments Inc. | 2.650% | 2/15/25 | 20,041 | 20,133 | ||
Global Payments Inc. | 1.200% | 3/1/26 | 19,980 | 18,863 | ||
Global Payments Inc. | 4.800% | 4/1/26 | 15,658 | 16,808 | ||
Global Payments Inc. | 2.150% | 1/15/27 | 20,000 | 19,337 | ||
Goldman Sachs BDC Inc. | 3.750% | 2/10/25 | 8,662 | 8,844 | ||
Goldman Sachs BDC Inc. | 2.875% | 1/15/26 | 11,625 | 11,401 | ||
Goldman Sachs Group Inc. | 0.523% | 3/8/23 | 24,004 | 23,789 | ||
Goldman Sachs Group Inc. | 1.217% | 12/6/23 | 10,000 | 9,885 | ||
Goldman Sachs Group Inc. | 3.625% | 2/20/24 | 42,534 | 43,705 | ||
Goldman Sachs Group Inc. | 4.000% | 3/3/24 | 63,876 | 66,151 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Goldman Sachs Group Inc. | 0.673% | 3/8/24 | 42,456 | 41,908 | ||
1 | Goldman Sachs Group Inc. | 3.850% | 7/8/24 | 30,748 | 31,765 | |
1 | Goldman Sachs Group Inc. | 0.657% | 9/10/24 | 60,523 | 59,106 | |
Goldman Sachs Group Inc. | 0.925% | 10/21/24 | 45,996 | 45,030 | ||
Goldman Sachs Group Inc. | 3.500% | 1/23/25 | 65,617 | 67,514 | ||
Goldman Sachs Group Inc. | 1.757% | 1/24/25 | 43,506 | 43,035 | ||
Goldman Sachs Group Inc. | 3.500% | 4/1/25 | 91,477 | 94,052 | ||
Goldman Sachs Group Inc. | 3.750% | 5/22/25 | 37,498 | 38,797 | ||
1 | Goldman Sachs Group Inc. | 3.272% | 9/29/25 | 41,445 | 42,187 | |
Goldman Sachs Group Inc. | 4.250% | 10/21/25 | 58,362 | 61,279 | ||
Goldman Sachs Group Inc. | 0.855% | 2/12/26 | 10,641 | 10,168 | ||
Goldman Sachs Group Inc. | 3.750% | 2/25/26 | 40,872 | 42,561 | ||
Goldman Sachs Group Inc. | 3.500% | 11/16/26 | 63,866 | 65,464 | ||
1 | Goldman Sachs Group Inc. | 1.093% | 12/9/26 | 70,282 | 66,129 | |
Goldman Sachs Group Inc. | 5.950% | 1/15/27 | 18,466 | 20,852 | ||
Goldman Sachs Group Inc. | 3.850% | 1/26/27 | 73,872 | 76,956 | ||
Goldman Sachs Group Inc. | 1.431% | 3/9/27 | 68,155 | 64,427 | ||
Goldman Sachs Group Inc. | 1.542% | 9/10/27 | 60,290 | 56,814 | ||
Goldman Sachs Group Inc. | 1.948% | 10/21/27 | 83,431 | 79,984 | ||
Goldman Sachs Group Inc. | 2.640% | 2/24/28 | 79,944 | 79,007 | ||
Golub Capital BDC Inc. | 3.375% | 4/15/24 | 10,951 | 10,983 | ||
Golub Capital BDC Inc. | 2.500% | 8/24/26 | 12,355 | 11,693 | ||
Golub Capital BDC Inc. | 2.050% | 2/15/27 | 2,950 | 2,699 | ||
Hanover Insurance Group Inc. | 4.500% | 4/15/26 | 8,471 | 9,066 | ||
HSBC Holdings plc | 3.600% | 5/25/23 | 29,856 | 30,548 | ||
HSBC Holdings plc | 4.250% | 3/14/24 | 46,963 | 48,530 | ||
1 | HSBC Holdings plc | 3.950% | 5/18/24 | 57,760 | 59,014 | |
HSBC Holdings plc | 0.732% | 8/17/24 | 38,910 | 38,079 | ||
HSBC Holdings plc | 1.162% | 11/22/24 | 12,096 | 11,845 | ||
1 | HSBC Holdings plc | 3.803% | 3/11/25 | 68,785 | 70,500 | |
HSBC Holdings plc | 0.976% | 5/24/25 | 51,070 | 49,365 | ||
HSBC Holdings plc | 4.250% | 8/18/25 | 23,961 | 24,856 | ||
1 | HSBC Holdings plc | 2.633% | 11/7/25 | 38,560 | 38,511 | |
HSBC Holdings plc | 4.300% | 3/8/26 | 55,036 | 58,130 | ||
1 | HSBC Holdings plc | 1.645% | 4/18/26 | 50,871 | 49,056 | |
HSBC Holdings plc | 3.900% | 5/25/26 | 57,800 | 60,135 | ||
1 | HSBC Holdings plc | 2.099% | 6/4/26 | 60,342 | 58,863 | |
1 | HSBC Holdings plc | 4.292% | 9/12/26 | 60,385 | 62,983 | |
HSBC Holdings plc | 4.375% | 11/23/26 | 36,886 | 38,803 | ||
HSBC Holdings plc | 1.589% | 5/24/27 | 42,098 | 39,687 | ||
HSBC Holdings plc | 2.251% | 11/22/27 | 55,796 | 53,733 | ||
HSBC USA Inc. | 3.500% | 6/23/24 | 23,021 | 23,701 | ||
Huntington Bancshares Inc. | 2.625% | 8/6/24 | 13,269 | 13,370 | ||
Huntington Bancshares Inc. | 4.000% | 5/15/25 | 6,557 | 6,854 | ||
1 | Huntington National Bank | 3.550% | 10/6/23 | 20,089 | 20,626 | |
ING Groep NV | 4.100% | 10/2/23 | 33,074 | 34,153 | ||
ING Groep NV | 3.550% | 4/9/24 | 22,564 | 23,153 | ||
ING Groep NV | 1.726% | 4/1/27 | 24,322 | 23,251 | ||
Intercontinental Exchange Inc. | 0.700% | 6/15/23 | 27,396 | 27,084 | ||
Intercontinental Exchange Inc. | 3.450% | 9/21/23 | 9,276 | 9,507 | ||
Intercontinental Exchange Inc. | 4.000% | 10/15/23 | 17,665 | 18,284 | ||
Intercontinental Exchange Inc. | 3.750% | 12/1/25 | 24,590 | 25,807 | ||
2 | Intesa Sanpaolo SpA | 3.375% | 1/12/23 | 2,450 | 2,481 | |
Intesa Sanpaolo SpA | 5.250% | 1/12/24 | 11,467 | 12,039 | ||
Invesco Finance plc | 4.000% | 1/30/24 | 11,450 | 11,816 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Invesco Finance plc | 3.750% | 1/15/26 | 14,176 | 14,853 | ||
2 | Jackson Financial Inc. | 1.125% | 11/22/23 | 13,047 | 12,841 | |
Janus Henderson US Holdings Inc. | 4.875% | 8/1/25 | 5,979 | 6,377 | ||
Jefferies Financial Group Inc. | 5.500% | 10/18/23 | 17,048 | 17,588 | ||
Jefferies Group LLC | 4.850% | 1/15/27 | 12,843 | 13,995 | ||
JPMorgan Chase & Co. | 3.375% | 5/1/23 | 44,186 | 45,019 | ||
JPMorgan Chase & Co. | 2.700% | 5/18/23 | 45,562 | 46,071 | ||
JPMorgan Chase & Co. | 3.875% | 2/1/24 | 26,762 | 27,766 | ||
JPMorgan Chase & Co. | 0.697% | 3/16/24 | 21,518 | 21,274 | ||
1 | JPMorgan Chase & Co. | 3.559% | 4/23/24 | 53,469 | 54,448 | |
JPMorgan Chase & Co. | 3.625% | 5/13/24 | 46,049 | 47,586 | ||
1 | JPMorgan Chase & Co. | 1.514% | 6/1/24 | 35,472 | 35,327 | |
1 | JPMorgan Chase & Co. | 3.797% | 7/23/24 | 51,783 | 53,016 | |
JPMorgan Chase & Co. | 3.875% | 9/10/24 | 55,456 | 57,552 | ||
1 | JPMorgan Chase & Co. | 0.653% | 9/16/24 | 41,775 | 40,978 | |
1 | JPMorgan Chase & Co. | 4.023% | 12/5/24 | 72,424 | 74,744 | |
JPMorgan Chase & Co. | 3.125% | 1/23/25 | 51,829 | 52,982 | ||
JPMorgan Chase & Co. | 0.563% | 2/16/25 | 14,182 | 13,768 | ||
1 | JPMorgan Chase & Co. | 3.220% | 3/1/25 | 46,609 | 47,427 | |
JPMorgan Chase & Co. | 0.824% | 6/1/25 | 43,115 | 41,719 | ||
JPMorgan Chase & Co. | 0.969% | 6/23/25 | 54,635 | 52,931 | ||
JPMorgan Chase & Co. | 3.900% | 7/15/25 | 51,390 | 53,708 | ||
JPMorgan Chase & Co. | 7.750% | 7/15/25 | 2,411 | 2,824 | ||
JPMorgan Chase & Co. | 0.768% | 8/9/25 | 8,647 | 8,323 | ||
1 | JPMorgan Chase & Co. | 2.301% | 10/15/25 | 52,402 | 52,161 | |
JPMorgan Chase & Co. | 1.561% | 12/10/25 | 66,187 | 64,518 | ||
JPMorgan Chase & Co. | 2.595% | 2/24/26 | 20,000 | 20,051 | ||
1 | JPMorgan Chase & Co. | 2.005% | 3/13/26 | 69,573 | 68,453 | |
JPMorgan Chase & Co. | 3.300% | 4/1/26 | 63,682 | 65,680 | ||
1 | JPMorgan Chase & Co. | 2.083% | 4/22/26 | 98,108 | 96,594 | |
JPMorgan Chase & Co. | 3.200% | 6/15/26 | 21,182 | 21,736 | ||
JPMorgan Chase & Co. | 2.950% | 10/1/26 | 67,915 | 69,064 | ||
JPMorgan Chase & Co. | 7.625% | 10/15/26 | 13,206 | 15,959 | ||
JPMorgan Chase & Co. | 1.045% | 11/19/26 | 58,540 | 55,033 | ||
JPMorgan Chase & Co. | 4.125% | 12/15/26 | 47,633 | 50,630 | ||
1 | JPMorgan Chase & Co. | 3.960% | 1/29/27 | 21,700 | 22,717 | |
JPMorgan Chase & Co. | 1.040% | 2/4/27 | 78,493 | 73,493 | ||
JPMorgan Chase & Co. | 1.578% | 4/22/27 | 98,115 | 93,820 | ||
JPMorgan Chase & Co. | 1.470% | 9/22/27 | 64,900 | 61,232 | ||
1 | JPMorgan Chase & Co. | 3.782% | 2/1/28 | 75,169 | 78,494 | |
JPMorgan Chase & Co. | 2.947% | 2/24/28 | 19,243 | 19,358 | ||
Kemper Corp. | 4.350% | 2/15/25 | 8,018 | 8,417 | ||
1 | KeyBank NA | 3.375% | 3/7/23 | 14,839 | 15,101 | |
1 | KeyBank NA | 1.250% | 3/10/23 | 16,395 | 16,388 | |
1 | KeyBank NA | 0.433% | 6/14/24 | 10,169 | 9,987 | |
1 | KeyBank NA | 3.300% | 6/1/25 | 14,322 | 14,802 | |
1 | KeyBank NA | 3.400% | 5/20/26 | 19,705 | 20,432 | |
1 | KeyCorp | 4.150% | 10/29/25 | 5,309 | 5,631 | |
Lazard Group LLC | 3.750% | 2/13/25 | 8,756 | 9,081 | ||
Legg Mason Inc. | 4.750% | 3/15/26 | 9,993 | 10,873 | ||
Lincoln National Corp. | 4.000% | 9/1/23 | 11,146 | 11,499 | ||
Lincoln National Corp. | 3.350% | 3/9/25 | 4,142 | 4,271 | ||
Lincoln National Corp. | 3.625% | 12/12/26 | 12,063 | 12,664 | ||
Lloyds Bank plc | 3.500% | 5/14/25 | 2,325 | 2,389 | ||
Lloyds Banking Group plc | 4.050% | 8/16/23 | 51,871 | 53,431 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Lloyds Banking Group plc | 3.900% | 3/12/24 | 26,235 | 27,180 | ||
Lloyds Banking Group plc | 0.695% | 5/11/24 | 3,314 | 3,265 | ||
Lloyds Banking Group plc | 4.500% | 11/4/24 | 31,859 | 33,248 | ||
Lloyds Banking Group plc | 4.450% | 5/8/25 | 20,381 | 21,453 | ||
1 | Lloyds Banking Group plc | 3.870% | 7/9/25 | 56,945 | 58,644 | |
Lloyds Banking Group plc | 4.582% | 12/10/25 | 36,762 | 38,547 | ||
1 | Lloyds Banking Group plc | 2.438% | 2/5/26 | 29,021 | 28,807 | |
Lloyds Banking Group plc | 4.650% | 3/24/26 | 29,852 | 31,573 | ||
Lloyds Banking Group plc | 3.750% | 1/11/27 | 28,199 | 29,273 | ||
Lloyds Banking Group plc | 1.627% | 5/11/27 | 4,417 | 4,190 | ||
Loews Corp. | 2.625% | 5/15/23 | 7,681 | 7,756 | ||
Loews Corp. | 3.750% | 4/1/26 | 9,962 | 10,501 | ||
M&T Bank Corp. | 3.550% | 7/26/23 | 24,333 | 24,890 | ||
Main Street Capital Corp. | 5.200% | 5/1/24 | 9,631 | 9,943 | ||
Main Street Capital Corp. | 3.000% | 7/14/26 | 9,269 | 8,887 | ||
1 | Manufacturers & Traders Trust Co. | 2.900% | 2/6/25 | 11,625 | 11,883 | |
Manulife Financial Corp. | 4.150% | 3/4/26 | 22,609 | 23,988 | ||
1 | Manulife Financial Corp. | 4.061% | 2/24/32 | 11,167 | 11,508 | |
Marsh & McLennan Cos. Inc. | 3.300% | 3/14/23 | 4,400 | 4,468 | ||
Marsh & McLennan Cos. Inc. | 3.875% | 3/15/24 | 20,652 | 21,397 | ||
Marsh & McLennan Cos. Inc. | 3.500% | 6/3/24 | 15,499 | 15,971 | ||
Marsh & McLennan Cos. Inc. | 3.500% | 3/10/25 | 15,357 | 15,908 | ||
Marsh & McLennan Cos. Inc. | 3.750% | 3/14/26 | 16,739 | 17,669 | ||
Mastercard Inc. | 3.375% | 4/1/24 | 23,731 | 24,540 | ||
Mastercard Inc. | 2.000% | 3/3/25 | 21,376 | 21,436 | ||
Mastercard Inc. | 2.950% | 11/21/26 | 17,887 | 18,557 | ||
1 | MetLife Inc. | 4.368% | 9/15/23 | 23,359 | 24,278 | |
MetLife Inc. | 3.600% | 4/10/24 | 18,786 | 19,449 | ||
MetLife Inc. | 3.000% | 3/1/25 | 18,326 | 18,866 | ||
MetLife Inc. | 3.600% | 11/13/25 | 8,861 | 9,274 | ||
Mitsubishi UFJ Financial Group Inc. | 3.455% | 3/2/23 | 38,197 | 38,889 | ||
Mitsubishi UFJ Financial Group Inc. | 3.761% | 7/26/23 | 61,451 | 63,139 | ||
Mitsubishi UFJ Financial Group Inc. | 2.527% | 9/13/23 | 14,475 | 14,628 | ||
Mitsubishi UFJ Financial Group Inc. | 3.407% | 3/7/24 | 43,983 | 45,091 | ||
Mitsubishi UFJ Financial Group Inc. | 2.801% | 7/18/24 | 27,188 | 27,537 | ||
1 | Mitsubishi UFJ Financial Group Inc. | 0.848% | 9/15/24 | 37,212 | 36,527 | |
Mitsubishi UFJ Financial Group Inc. | 2.193% | 2/25/25 | 68,712 | 68,208 | ||
Mitsubishi UFJ Financial Group Inc. | 3.777% | 3/2/25 | 748 | 777 | ||
Mitsubishi UFJ Financial Group Inc. | 1.412% | 7/17/25 | 33,369 | 32,190 | ||
Mitsubishi UFJ Financial Group Inc. | 0.953% | 7/19/25 | 49,522 | 47,817 | ||
Mitsubishi UFJ Financial Group Inc. | 0.962% | 10/11/25 | 18,580 | 17,897 | ||
Mitsubishi UFJ Financial Group Inc. | 3.850% | 3/1/26 | 32,425 | 33,912 | ||
Mitsubishi UFJ Financial Group Inc. | 3.677% | 2/22/27 | 24,714 | 25,803 | ||
Mitsubishi UFJ Financial Group Inc. | 1.538% | 7/20/27 | 81,699 | 77,551 | ||
Mitsubishi UFJ Financial Group Inc. | 1.640% | 10/13/27 | 18,580 | 17,650 | ||
Mitsubishi UFJ Financial Group Inc. | 2.341% | 1/19/28 | 37,370 | 36,468 | ||
Mizuho Financial Group Inc. | 3.549% | 3/5/23 | 18,175 | 18,540 | ||
1 | Mizuho Financial Group Inc. | 1.241% | 7/10/24 | 30,978 | 30,645 | |
1 | Mizuho Financial Group Inc. | 0.849% | 9/8/24 | 21,585 | 21,173 | |
1 | Mizuho Financial Group Inc. | 3.922% | 9/11/24 | 28,595 | 29,348 | |
1 | Mizuho Financial Group Inc. | 2.839% | 7/16/25 | 19,158 | 19,318 | |
1 | Mizuho Financial Group Inc. | 2.555% | 9/13/25 | 14,930 | 14,945 | |
Mizuho Financial Group Inc. | 2.651% | 5/22/26 | 13,000 | 13,009 | ||
1 | Mizuho Financial Group Inc. | 2.226% | 5/25/26 | 16,624 | 16,413 | |
Mizuho Financial Group Inc. | 2.839% | 9/13/26 | 20,282 | 20,375 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Mizuho Financial Group Inc. | 3.663% | 2/28/27 | 13,630 | 14,247 | ||
Mizuho Financial Group Inc. | 1.234% | 5/22/27 | 28,540 | 26,728 | ||
Mizuho Financial Group Inc. | 1.554% | 7/9/27 | 7,944 | 7,521 | ||
1 | Morgan Stanley | 4.100% | 5/22/23 | 45,630 | 46,827 | |
Morgan Stanley | 0.731% | 4/5/24 | 34,025 | 33,559 | ||
1 | Morgan Stanley | 3.737% | 4/24/24 | 67,791 | 69,104 | |
1 | Morgan Stanley | 3.875% | 4/29/24 | 73,387 | 75,861 | |
1 | Morgan Stanley | 3.700% | 10/23/24 | 59,376 | 61,421 | |
Morgan Stanley | 0.790% | 5/30/25 | 83,143 | 80,187 | ||
1 | Morgan Stanley | 2.720% | 7/22/25 | 50,584 | 50,881 | |
1 | Morgan Stanley | 4.000% | 7/23/25 | 68,081 | 71,353 | |
1 | Morgan Stanley | 0.864% | 10/21/25 | 33,036 | 31,706 | |
1 | Morgan Stanley | 1.164% | 10/21/25 | 43,905 | 42,412 | |
Morgan Stanley | 5.000% | 11/24/25 | 48,643 | 52,328 | ||
1 | Morgan Stanley | 3.875% | 1/27/26 | 71,845 | 75,039 | |
Morgan Stanley | 2.630% | 2/18/26 | 20,000 | 20,016 | ||
1 | Morgan Stanley | 2.188% | 4/28/26 | 67,551 | 66,645 | |
1 | Morgan Stanley | 3.125% | 7/27/26 | 83,471 | 85,049 | |
1 | Morgan Stanley | 6.250% | 8/9/26 | 12,465 | 14,271 | |
1 | Morgan Stanley | 4.350% | 9/8/26 | 54,177 | 57,535 | |
Morgan Stanley | 0.985% | 12/10/26 | 62,489 | 58,546 | ||
Morgan Stanley | 3.625% | 1/20/27 | 71,626 | 74,687 | ||
Morgan Stanley | 1.593% | 5/4/27 | 75,181 | 71,626 | ||
1 | Morgan Stanley | 1.512% | 7/20/27 | 61,709 | 58,499 | |
Morgan Stanley | 2.475% | 1/21/28 | 46,190 | 45,419 | ||
Nasdaq Inc. | 0.445% | 12/21/22 | 1,200 | 1,192 | ||
Nasdaq Inc. | 4.250% | 6/1/24 | 11,860 | 12,360 | ||
Nasdaq Inc. | 3.850% | 6/30/26 | 15,082 | 15,794 | ||
National Australia Bank Ltd. | 1.875% | 12/13/22 | 6,470 | 6,507 | ||
National Australia Bank Ltd. | 2.875% | 4/12/23 | 12,012 | 12,200 | ||
National Australia Bank Ltd. | 3.625% | 6/20/23 | 12,058 | 12,374 | ||
National Australia Bank Ltd. | 3.375% | 1/14/26 | 17,222 | 18,033 | ||
1 | National Australia Bank Ltd. | 2.500% | 7/12/26 | 22,572 | 22,871 | |
1 | National Bank of Canada | 0.550% | 11/15/24 | 15,675 | 15,291 | |
NatWest Group plc | 6.125% | 12/15/22 | 3,959 | 4,085 | ||
NatWest Group plc | 6.100% | 6/10/23 | 1,762 | 1,843 | ||
NatWest Group plc | 3.875% | 9/12/23 | 74,052 | 75,841 | ||
NatWest Group plc | 6.000% | 12/19/23 | 34,354 | 36,486 | ||
1 | NatWest Group plc | 2.359% | 5/22/24 | 24,104 | 24,153 | |
NatWest Group plc | 5.125% | 5/28/24 | 25,206 | 26,476 | ||
1 | NatWest Group plc | 4.519% | 6/25/24 | 35,017 | 36,030 | |
1 | NatWest Group plc | 4.269% | 3/22/25 | 47,530 | 49,155 | |
NatWest Group plc | 4.800% | 4/5/26 | 37,948 | 40,669 | ||
NatWest Group plc | 1.642% | 6/14/27 | 3,780 | 3,590 | ||
1 | NatWest Group plc | 3.754% | 11/1/29 | 24,367 | 24,673 | |
1 | New York Community Bancorp Inc. | 5.900% | 11/6/28 | 4,544 | 4,853 | |
Nomura Holdings Inc. | 2.648% | 1/16/25 | 33,921 | 34,028 | ||
Nomura Holdings Inc. | 1.851% | 7/16/25 | 34,776 | 33,838 | ||
Nomura Holdings Inc. | 1.653% | 7/14/26 | 12,175 | 11,566 | ||
Nomura Holdings Inc. | 2.329% | 1/22/27 | 40,024 | 38,650 | ||
Northern Trust Corp. | 3.950% | 10/30/25 | 17,028 | 18,052 | ||
Oaktree Specialty Lending Corp. | 3.500% | 2/25/25 | 8,676 | 8,729 | ||
Oaktree Specialty Lending Corp. | 2.700% | 1/15/27 | 1,661 | 1,580 | ||
Old Republic International Corp. | 4.875% | 10/1/24 | 7,593 | 8,044 | ||
Old Republic International Corp. | 3.875% | 8/26/26 | 13,675 | 14,278 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
ORIX Corp. | 4.050% | 1/16/24 | 1,408 | 1,459 | ||
ORIX Corp. | 3.250% | 12/4/24 | 18,127 | 18,560 | ||
Owl Rock Capital Corp. | 5.250% | 4/15/24 | 10,332 | 10,719 | ||
Owl Rock Capital Corp. | 4.000% | 3/30/25 | 12,118 | 12,224 | ||
Owl Rock Capital Corp. | 3.750% | 7/22/25 | 15,475 | 15,311 | ||
Owl Rock Capital Corp. | 4.250% | 1/15/26 | 11,199 | 11,296 | ||
Owl Rock Capital Corp. | 3.400% | 7/15/26 | 22,520 | 21,576 | ||
Owl Rock Capital Corp. | 2.625% | 1/15/27 | 13,857 | 12,735 | ||
2 | OWL Rock Core Income Corp. | 4.700% | 2/8/27 | 6,100 | 6,038 | |
Owl Rock Technology Finance Corp. | 2.500% | 1/15/27 | 5,886 | 5,536 | ||
PayPal Holdings Inc. | 1.350% | 6/1/23 | 22,970 | 22,921 | ||
PayPal Holdings Inc. | 2.400% | 10/1/24 | 32,830 | 33,115 | ||
PayPal Holdings Inc. | 1.650% | 6/1/25 | 10,307 | 10,101 | ||
PayPal Holdings Inc. | 2.650% | 10/1/26 | 30,711 | 31,034 | ||
People's United Bank NA | 4.000% | 7/15/24 | 8,802 | 9,076 | ||
People's United Financial Inc. | 3.650% | 12/6/22 | 9,852 | 9,958 | ||
1 | PNC Bank NA | 3.500% | 6/8/23 | 10,029 | 10,252 | |
PNC Bank NA | 3.800% | 7/25/23 | 22,990 | 23,591 | ||
PNC Bank NA | 2.500% | 8/27/24 | 15,103 | 15,266 | ||
1 | PNC Bank NA | 3.300% | 10/30/24 | 13,129 | 13,553 | |
1 | PNC Bank NA | 2.950% | 2/23/25 | 10,867 | 11,152 | |
1 | PNC Bank NA | 3.875% | 4/10/25 | 14,866 | 15,511 | |
1 | PNC Bank NA | 3.250% | 6/1/25 | 12,446 | 12,868 | |
1 | PNC Bank NA | 4.200% | 11/1/25 | 12,846 | 13,629 | |
PNC Financial Services Group Inc. | 3.500% | 1/23/24 | 34,784 | 35,798 | ||
PNC Financial Services Group Inc. | 3.900% | 4/29/24 | 13,027 | 13,526 | ||
PNC Financial Services Group Inc. | 2.200% | 11/1/24 | 16,143 | 16,197 | ||
PNC Financial Services Group Inc. | 2.600% | 7/23/26 | 24,154 | 24,492 | ||
PNC Financial Services Group Inc. | 1.150% | 8/13/26 | 17,205 | 16,436 | ||
Principal Financial Group Inc. | 3.125% | 5/15/23 | 6,304 | 6,409 | ||
Principal Financial Group Inc. | 3.400% | 5/15/25 | 7,886 | 8,091 | ||
Principal Financial Group Inc. | 3.100% | 11/15/26 | 5,620 | 5,749 | ||
Progressive Corp. | 2.450% | 1/15/27 | 18,964 | 19,173 | ||
Prospect Capital Corp. | 5.875% | 3/15/23 | 500 | 514 | ||
Prospect Capital Corp. | 3.706% | 1/22/26 | 6,959 | 6,815 | ||
Prospect Capital Corp. | 3.364% | 11/15/26 | 8,346 | 7,994 | ||
1 | Prudential Financial Inc. | 1.500% | 3/10/26 | 18,119 | 17,732 | |
1 | Prudential Financial Inc. | 5.625% | 6/15/43 | 25,116 | 25,853 | |
1 | Prudential Financial Inc. | 5.200% | 3/15/44 | 10,552 | 10,653 | |
1 | Prudential Financial Inc. | 5.375% | 5/15/45 | 18,400 | 18,733 | |
Regions Financial Corp. | 2.250% | 5/18/25 | 20,022 | 20,052 | ||
1 | Reinsurance Group of America Inc. | 4.700% | 9/15/23 | 6,318 | 6,569 | |
Reinsurance Group of America Inc. | 3.950% | 9/15/26 | 10,565 | 11,153 | ||
RenaissanceRe Finance Inc. | 3.700% | 4/1/25 | 6,210 | 6,444 | ||
1 | Royal Bank of Canada | 1.600% | 4/17/23 | 29,423 | 29,465 | |
1 | Royal Bank of Canada | 3.700% | 10/5/23 | 45,890 | 47,300 | |
1 | Royal Bank of Canada | 0.500% | 10/26/23 | 27,401 | 26,851 | |
1 | Royal Bank of Canada | 0.425% | 1/19/24 | 19,923 | 19,401 | |
1 | Royal Bank of Canada | 2.550% | 7/16/24 | 27,589 | 27,865 | |
Royal Bank of Canada | 0.650% | 7/29/24 | 9,727 | 9,390 | ||
1 | Royal Bank of Canada | 0.750% | 10/7/24 | 16,612 | 16,028 | |
1 | Royal Bank of Canada | 2.250% | 11/1/24 | 47,135 | 47,170 | |
1 | Royal Bank of Canada | 1.600% | 1/21/25 | 7,830 | 7,696 | |
1 | Royal Bank of Canada | 1.150% | 6/10/25 | 42,982 | 41,384 | |
1 | Royal Bank of Canada | 0.875% | 1/20/26 | 28,544 | 26,956 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Royal Bank of Canada | 4.650% | 1/27/26 | 34,840 | 37,513 | |
Royal Bank of Canada | 1.200% | 4/27/26 | 40,926 | 38,872 | ||
1 | Royal Bank of Canada | 1.150% | 7/14/26 | 16,672 | 15,786 | |
1 | Royal Bank of Canada | 1.400% | 11/2/26 | 17,431 | 16,614 | |
1 | Royal Bank of Canada | 2.050% | 1/21/27 | 10,463 | 10,250 | |
Santander Holdings USA Inc. | 3.500% | 6/7/24 | 32,794 | 33,468 | ||
Santander Holdings USA Inc. | 3.450% | 6/2/25 | 10,391 | 10,567 | ||
Santander Holdings USA Inc. | 4.500% | 7/17/25 | 24,922 | 26,130 | ||
Santander Holdings USA Inc. | 3.244% | 10/5/26 | 36,359 | 36,738 | ||
Santander Holdings USA Inc. | 2.490% | 1/6/28 | 10,425 | 10,126 | ||
1 | Santander UK Group Holdings plc | 4.796% | 11/15/24 | 27,997 | 29,097 | |
Santander UK Group Holdings plc | 1.089% | 3/15/25 | 22,450 | 21,780 | ||
1 | Santander UK Group Holdings plc | 1.532% | 8/21/26 | 16,325 | 15,573 | |
Santander UK Group Holdings plc | 1.673% | 6/14/27 | 27,000 | 25,508 | ||
Santander UK Group Holdings plc | 2.469% | 1/11/28 | 21,575 | 20,885 | ||
Santander UK plc | 4.000% | 3/13/24 | 25,482 | 26,421 | ||
Santander UK plc | 2.875% | 6/18/24 | 16,411 | 16,634 | ||
1 | Signature Bank | 4.000% | 10/15/30 | 7,050 | 7,145 | |
Sixth Street Specialty Lending Inc. | 3.875% | 11/1/24 | 7,374 | 7,506 | ||
Sixth Street Specialty Lending Inc. | 2.500% | 8/1/26 | 7,847 | 7,464 | ||
2 | Standard Chartered plc | 2.819% | 1/30/26 | 1,650 | 1,643 | |
State Street Corp. | 3.100% | 5/15/23 | 23,631 | 24,048 | ||
State Street Corp. | 3.700% | 11/20/23 | 24,001 | 24,799 | ||
1 | State Street Corp. | 3.776% | 12/3/24 | 20,897 | 21,564 | |
State Street Corp. | 3.300% | 12/16/24 | 26,282 | 27,190 | ||
State Street Corp. | 3.550% | 8/18/25 | 26,687 | 27,860 | ||
1 | State Street Corp. | 2.354% | 11/1/25 | 21,454 | 21,584 | |
State Street Corp. | 2.901% | 3/30/26 | 20,785 | 21,209 | ||
State Street Corp. | 2.650% | 5/19/26 | 15,091 | 15,404 | ||
State Street Corp. | 2.203% | 2/7/28 | 15,000 | 14,808 | ||
Stifel Financial Corp. | 4.250% | 7/18/24 | 9,829 | 10,236 | ||
Sumitomo Mitsui Banking Corp. | 3.950% | 7/19/23 | 8,300 | 8,538 | ||
Sumitomo Mitsui Banking Corp. | 3.950% | 1/10/24 | 3,660 | 3,797 | ||
1 | Sumitomo Mitsui Banking Corp. | 3.400% | 7/11/24 | 8,683 | 8,949 | |
1 | Sumitomo Mitsui Banking Corp. | 3.650% | 7/23/25 | 3,642 | 3,790 | |
Sumitomo Mitsui Financial Group Inc. | 3.748% | 7/19/23 | 14,656 | 15,058 | ||
Sumitomo Mitsui Financial Group Inc. | 3.936% | 10/16/23 | 17,750 | 18,334 | ||
Sumitomo Mitsui Financial Group Inc. | 0.508% | 1/12/24 | 17,825 | 17,377 | ||
Sumitomo Mitsui Financial Group Inc. | 2.696% | 7/16/24 | 55,645 | 56,175 | ||
Sumitomo Mitsui Financial Group Inc. | 2.448% | 9/27/24 | 23,610 | 23,674 | ||
Sumitomo Mitsui Financial Group Inc. | 2.348% | 1/15/25 | 29,877 | 29,772 | ||
Sumitomo Mitsui Financial Group Inc. | 1.474% | 7/8/25 | 69,869 | 67,469 | ||
Sumitomo Mitsui Financial Group Inc. | 0.948% | 1/12/26 | 26,932 | 25,409 | ||
Sumitomo Mitsui Financial Group Inc. | 3.784% | 3/9/26 | 28,063 | 29,356 | ||
Sumitomo Mitsui Financial Group Inc. | 2.632% | 7/14/26 | 37,500 | 37,586 | ||
Sumitomo Mitsui Financial Group Inc. | 1.402% | 9/17/26 | 49,085 | 46,393 | ||
Sumitomo Mitsui Financial Group Inc. | 3.010% | 10/19/26 | 34,674 | 35,206 | ||
Sumitomo Mitsui Financial Group Inc. | 3.446% | 1/11/27 | 34,811 | 35,989 | ||
Sumitomo Mitsui Financial Group Inc. | 2.174% | 1/14/27 | 22,610 | 22,073 | ||
SVB Financial Group | 3.500% | 1/29/25 | 4,521 | 4,660 | ||
SVB Financial Group | 1.800% | 10/28/26 | 19,630 | 18,962 | ||
1 | Svenska Handelsbanken AB | 3.900% | 11/20/23 | 40,286 | 41,790 | |
Swiss Re America Holding Corp. | 7.000% | 2/15/26 | 9,000 | 10,534 | ||
Synchrony Financial | 4.375% | 3/19/24 | 18,010 | 18,632 | ||
Synchrony Financial | 4.250% | 8/15/24 | 18,800 | 19,453 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Synchrony Financial | 4.500% | 7/23/25 | 19,599 | 20,554 | ||
Synchrony Financial | 3.700% | 8/4/26 | 13,549 | 13,805 | ||
1 | Toronto-Dominion Bank | 1.900% | 12/1/22 | 30,267 | 30,428 | |
1 | Toronto-Dominion Bank | 0.300% | 6/2/23 | 17,817 | 17,530 | |
1 | Toronto-Dominion Bank | 0.750% | 6/12/23 | 37,440 | 37,048 | |
1 | Toronto-Dominion Bank | 3.500% | 7/19/23 | 52,696 | 54,014 | |
1 | Toronto-Dominion Bank | 0.450% | 9/11/23 | 14,418 | 14,137 | |
Toronto-Dominion Bank | 0.550% | 3/4/24 | 12,717 | 12,355 | ||
1 | Toronto-Dominion Bank | 3.250% | 3/11/24 | 40,694 | 41,760 | |
1 | Toronto-Dominion Bank | 2.650% | 6/12/24 | 32,527 | 32,943 | |
Toronto-Dominion Bank | 1.250% | 12/13/24 | 13,155 | 12,853 | ||
1 | Toronto-Dominion Bank | 1.450% | 1/10/25 | 15,960 | 15,626 | |
1 | Toronto-Dominion Bank | 1.150% | 6/12/25 | 31,240 | 30,098 | |
1 | Toronto-Dominion Bank | 0.750% | 9/11/25 | 21,334 | 20,163 | |
1 | Toronto-Dominion Bank | 0.750% | 1/6/26 | 24,480 | 23,087 | |
1 | Toronto-Dominion Bank | 1.200% | 6/3/26 | 19,861 | 18,903 | |
1 | Toronto-Dominion Bank | 1.250% | 9/10/26 | 31,570 | 29,944 | |
1 | Toronto-Dominion Bank | 1.950% | 1/12/27 | 15,150 | 14,798 | |
1 | Toronto-Dominion Bank | 3.625% | 9/15/31 | 44,580 | 45,956 | |
Trinity Acquisition plc | 4.400% | 3/15/26 | 7,210 | 7,669 | ||
1 | Truist Bank | 1.250% | 3/9/23 | 20,598 | 20,553 | |
1 | Truist Bank | 2.750% | 5/1/23 | 12,804 | 12,973 | |
1 | Truist Bank | 3.200% | 4/1/24 | 50,891 | 52,254 | |
1 | Truist Bank | 3.689% | 8/2/24 | 11,261 | 11,552 | |
1 | Truist Bank | 2.150% | 12/6/24 | 42,603 | 42,746 | |
1 | Truist Bank | 1.500% | 3/10/25 | 26,725 | 26,288 | |
1 | Truist Bank | 3.625% | 9/16/25 | 27,465 | 28,615 | |
1 | Truist Bank | 4.050% | 11/3/25 | 7,821 | 8,312 | |
1 | Truist Bank | 3.300% | 5/15/26 | 20,882 | 21,616 | |
1 | Truist Bank | 3.800% | 10/30/26 | 17,566 | 18,506 | |
1 | Truist Bank | 2.636% | 9/17/29 | 6,337 | 6,362 | |
1 | Truist Financial Corp. | 2.200% | 3/16/23 | 13,610 | 13,683 | |
1 | Truist Financial Corp. | 3.750% | 12/6/23 | 25,584 | 26,399 | |
1 | Truist Financial Corp. | 2.500% | 8/1/24 | 28,441 | 28,767 | |
1 | Truist Financial Corp. | 2.850% | 10/26/24 | 13,751 | 14,013 | |
Truist Financial Corp. | 4.000% | 5/1/25 | 26,323 | 27,626 | ||
1 | Truist Financial Corp. | 3.700% | 6/5/25 | 24,354 | 25,449 | |
1 | Truist Financial Corp. | 1.200% | 8/5/25 | 5,742 | 5,536 | |
1 | Truist Financial Corp. | 1.267% | 3/2/27 | 37,615 | 35,934 | |
Unum Group | 4.000% | 3/15/24 | 7,950 | 8,234 | ||
1 | US Bancorp | 3.700% | 1/30/24 | 24,268 | 25,128 | |
US Bancorp | 3.375% | 2/5/24 | 45,318 | 46,590 | ||
US Bancorp | 2.400% | 7/30/24 | 31,666 | 32,023 | ||
1 | US Bancorp | 3.600% | 9/11/24 | 17,404 | 18,057 | |
US Bancorp | 1.450% | 5/12/25 | 15,931 | 15,579 | ||
1 | US Bancorp | 3.950% | 11/17/25 | 12,979 | 13,757 | |
1 | US Bancorp | 3.100% | 4/27/26 | 23,746 | 24,420 | |
1 | US Bancorp | 2.375% | 7/22/26 | 32,685 | 32,910 | |
1 | US Bancorp | 2.215% | 1/27/28 | 12,920 | 12,765 | |
1 | US Bank NA | 3.400% | 7/24/23 | 23,328 | 23,869 | |
1 | US Bank NA | 2.050% | 1/21/25 | 19,971 | 19,986 | |
1 | US Bank NA | 2.800% | 1/27/25 | 38,628 | 39,398 | |
Valley National Bancorp | 3.000% | 6/15/31 | 985 | 968 | ||
Visa Inc. | 2.800% | 12/14/22 | 60,658 | 61,356 | ||
Visa Inc. | 3.150% | 12/14/25 | 82,719 | 85,729 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Voya Financial Inc. | 3.650% | 6/15/26 | 18,789 | 19,715 | ||
1 | Voya Financial Inc. | 5.650% | 5/15/53 | 9,260 | 9,348 | |
Wachovia Corp. | 7.574% | 8/1/26 | 3,333 | 3,958 | ||
1 | Wells Fargo & Co. | 3.450% | 2/13/23 | 1 | 1 | |
Wells Fargo & Co. | 4.125% | 8/15/23 | 30,642 | 31,597 | ||
Wells Fargo & Co. | 4.480% | 1/16/24 | 15,705 | 16,403 | ||
1 | Wells Fargo & Co. | 3.750% | 1/24/24 | 64,436 | 66,437 | |
1 | Wells Fargo & Co. | 1.654% | 6/2/24 | 62,139 | 61,983 | |
1 | Wells Fargo & Co. | 3.300% | 9/9/24 | 48,556 | 49,804 | |
1 | Wells Fargo & Co. | 3.000% | 2/19/25 | 60,802 | 61,906 | |
1 | Wells Fargo & Co. | 0.805% | 5/19/25 | 5,540 | 5,364 | |
1 | Wells Fargo & Co. | 3.550% | 9/29/25 | 61,886 | 64,146 | |
1 | Wells Fargo & Co. | 2.406% | 10/30/25 | 69,793 | 69,595 | |
1 | Wells Fargo & Co. | 2.164% | 2/11/26 | 69,405 | 68,582 | |
Wells Fargo & Co. | 3.000% | 4/22/26 | 82,179 | 83,301 | ||
1 | Wells Fargo & Co. | 2.188% | 4/30/26 | 77,229 | 76,244 | |
1 | Wells Fargo & Co. | 4.100% | 6/3/26 | 11,372 | 11,982 | |
Wells Fargo & Co. | 3.000% | 10/23/26 | 92,884 | 94,180 | ||
1 | Wells Fargo & Co. | 3.196% | 6/17/27 | 73,569 | 74,775 | |
Western Alliance Bancorp | 3.000% | 6/15/31 | 12,400 | 12,295 | ||
Western Union Co. | 4.250% | 6/9/23 | 857 | 878 | ||
Western Union Co. | 2.850% | 1/10/25 | 18,464 | 18,699 | ||
Western Union Co. | 1.350% | 3/15/26 | 12,493 | 11,922 | ||
Westpac Banking Corp. | 2.000% | 1/13/23 | 14,078 | 14,182 | ||
Westpac Banking Corp. | 3.650% | 5/15/23 | 11,229 | 11,521 | ||
Westpac Banking Corp. | 3.300% | 2/26/24 | 29,513 | 30,386 | ||
Westpac Banking Corp. | 2.350% | 2/19/25 | 29,922 | 30,169 | ||
Westpac Banking Corp. | 2.850% | 5/13/26 | 30,764 | 31,574 | ||
Westpac Banking Corp. | 1.150% | 6/3/26 | 27,364 | 26,197 | ||
Westpac Banking Corp. | 2.700% | 8/19/26 | 23,306 | 23,738 | ||
1 | Westpac Banking Corp. | 2.894% | 2/4/30 | 32,578 | 32,190 | |
1 | Westpac Banking Corp. | 4.322% | 11/23/31 | 50,968 | 53,162 | |
Willis North America Inc. | 3.600% | 5/15/24 | 24,615 | 25,250 | ||
XLIT Ltd. | 4.450% | 3/31/25 | 12,789 | 13,498 | ||
21,020,445 | ||||||
Health Care (8.6%) | ||||||
Abbott Laboratories | 3.400% | 11/30/23 | 22,540 | 23,176 | ||
Abbott Laboratories | 2.950% | 3/15/25 | 16,836 | 17,272 | ||
Abbott Laboratories | 3.875% | 9/15/25 | 9,492 | 10,026 | ||
4 | Abbott Laboratories | 3.750% | 11/30/26 | 46,118 | 49,196 | |
AbbVie Inc. | 2.800% | 3/15/23 | 8,300 | 8,386 | ||
AbbVie Inc. | 2.850% | 5/14/23 | 22,533 | 22,817 | ||
AbbVie Inc. | 3.750% | 11/14/23 | 21,788 | 22,467 | ||
AbbVie Inc. | 3.850% | 6/15/24 | 24,172 | 25,001 | ||
AbbVie Inc. | 2.600% | 11/21/24 | 75,819 | 76,506 | ||
AbbVie Inc. | 3.800% | 3/15/25 | 72,152 | 74,941 | ||
AbbVie Inc. | 3.600% | 5/14/25 | 90,442 | 93,465 | ||
AbbVie Inc. | 3.200% | 5/14/26 | 39,852 | 40,891 | ||
AbbVie Inc. | 2.950% | 11/21/26 | 107,717 | 109,500 | ||
Aetna Inc. | 2.750% | 11/15/22 | 235 | 236 | ||
Aetna Inc. | 2.800% | 6/15/23 | 19,668 | 19,922 | ||
Aetna Inc. | 3.500% | 11/15/24 | 26,996 | 27,791 | ||
Agilent Technologies Inc. | 3.875% | 7/15/23 | 8,360 | 8,556 | ||
Agilent Technologies Inc. | 3.050% | 9/22/26 | 7,225 | 7,385 | ||
AmerisourceBergen Corp. | 0.737% | 3/15/23 | 15,000 | 14,872 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
AmerisourceBergen Corp. | 3.400% | 5/15/24 | 20,491 | 21,019 | ||
AmerisourceBergen Corp. | 3.250% | 3/1/25 | 14,368 | 14,748 | ||
Amgen Inc. | 2.250% | 8/19/23 | 5,824 | 5,874 | ||
Amgen Inc. | 3.625% | 5/22/24 | 29,353 | 30,329 | ||
Amgen Inc. | 1.900% | 2/21/25 | 18,975 | 18,862 | ||
Amgen Inc. | 3.125% | 5/1/25 | 17,856 | 18,264 | ||
Amgen Inc. | 2.600% | 8/19/26 | 24,067 | 24,285 | ||
Amgen Inc. | 2.200% | 2/21/27 | 37,387 | 36,850 | ||
Anthem Inc. | 0.450% | 3/15/23 | 7,710 | 7,627 | ||
Anthem Inc. | 3.500% | 8/15/24 | 31,833 | 32,748 | ||
Anthem Inc. | 3.350% | 12/1/24 | 20,103 | 20,694 | ||
Anthem Inc. | 2.375% | 1/15/25 | 35,983 | 36,156 | ||
Anthem Inc. | 1.500% | 3/15/26 | 22,472 | 21,738 | ||
AstraZeneca Finance LLC | 0.700% | 5/28/24 | 33,340 | 32,462 | ||
AstraZeneca Finance LLC | 1.200% | 5/28/26 | 50,531 | 48,447 | ||
AstraZeneca plc | 0.300% | 5/26/23 | 20,720 | 20,439 | ||
AstraZeneca plc | 3.500% | 8/17/23 | 31,092 | 31,909 | ||
AstraZeneca plc | 3.375% | 11/16/25 | 43,854 | 45,677 | ||
AstraZeneca plc | 0.700% | 4/8/26 | 17,279 | 16,241 | ||
Baxalta Inc. | 4.000% | 6/23/25 | 15,978 | 16,701 | ||
2 | Baxter International Inc. | 0.868% | 12/1/23 | 35,686 | 35,039 | |
2 | Baxter International Inc. | 1.322% | 11/29/24 | 30,464 | 29,639 | |
Baxter International Inc. | 2.600% | 8/15/26 | 16,487 | 16,584 | ||
2 | Baxter International Inc. | 1.915% | 2/1/27 | 38,725 | 37,569 | |
Becton Dickinson & Co. | 3.363% | 6/6/24 | 35,591 | 36,482 | ||
Becton Dickinson & Co. | 3.734% | 12/15/24 | 13,017 | 13,467 | ||
Biogen Inc. | 4.050% | 9/15/25 | 34,846 | 36,428 | ||
3 | Bio-Rad Laboratories Inc. | 3.300% | 3/15/27 | 6,850 | 6,901 | |
Boston Scientific Corp. | 3.450% | 3/1/24 | 20,096 | 20,611 | ||
Boston Scientific Corp. | 3.850% | 5/15/25 | 4,843 | 5,057 | ||
Boston Scientific Corp. | 1.900% | 6/1/25 | 26,791 | 26,332 | ||
Boston Scientific Corp. | 3.750% | 3/1/26 | 19,408 | 20,290 | ||
Bristol-Myers Squibb Co. | 3.250% | 11/1/23 | 11,934 | 12,256 | ||
Bristol-Myers Squibb Co. | 0.537% | 11/13/23 | 12,225 | 12,021 | ||
Bristol-Myers Squibb Co. | 2.900% | 7/26/24 | 80,491 | 82,413 | ||
Bristol-Myers Squibb Co. | 3.875% | 8/15/25 | 56,212 | 59,291 | ||
Bristol-Myers Squibb Co. | 0.750% | 11/13/25 | 15,440 | 14,651 | ||
Bristol-Myers Squibb Co. | 3.200% | 6/15/26 | 52,991 | 55,210 | ||
Bristol-Myers Squibb Co. | 3.250% | 2/27/27 | 7,337 | 7,674 | ||
Cardinal Health Inc. | 3.200% | 3/15/23 | 12,200 | 12,384 | ||
Cardinal Health Inc. | 3.079% | 6/15/24 | 13,640 | 13,890 | ||
Cardinal Health Inc. | 3.500% | 11/15/24 | 4,998 | 5,145 | ||
Cardinal Health Inc. | 3.750% | 9/15/25 | 8,755 | 9,114 | ||
1 | Cigna Corp. | 3.000% | 7/15/23 | 28,613 | 29,047 | |
Cigna Corp. | 3.750% | 7/15/23 | 17,862 | 18,334 | ||
Cigna Corp. | 0.613% | 3/15/24 | 6,175 | 6,023 | ||
1 | Cigna Corp. | 3.500% | 6/15/24 | 16,219 | 16,657 | |
1 | Cigna Corp. | 3.250% | 4/15/25 | 17,237 | 17,614 | |
Cigna Corp. | 4.125% | 11/15/25 | 69,801 | 73,530 | ||
1 | Cigna Corp. | 4.500% | 2/25/26 | 23,082 | 24,720 | |
Cigna Corp. | 1.250% | 3/15/26 | 14,614 | 13,980 | ||
CommonSpirit Health | 2.760% | 10/1/24 | 14,247 | 14,369 | ||
CommonSpirit Health | 1.547% | 10/1/25 | 15,850 | 15,291 | ||
CVS Health Corp. | 2.750% | 12/1/22 | 22,466 | 22,631 | ||
CVS Health Corp. | 4.750% | 12/1/22 | 11,116 | 11,304 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
CVS Health Corp. | 3.375% | 8/12/24 | 16,481 | 16,928 | ||
CVS Health Corp. | 2.625% | 8/15/24 | 25,007 | 25,302 | ||
CVS Health Corp. | 4.100% | 3/25/25 | 12,601 | 13,223 | ||
CVS Health Corp. | 3.875% | 7/20/25 | 51,876 | 54,227 | ||
CVS Health Corp. | 2.875% | 6/1/26 | 41,125 | 41,607 | ||
CVS Health Corp. | 3.000% | 8/15/26 | 15,979 | 16,256 | ||
Danaher Corp. | 3.350% | 9/15/25 | 8,526 | 8,826 | ||
DH Europe Finance II Sarl | 2.200% | 11/15/24 | 14,025 | 14,034 | ||
Eli Lilly & Co. | 2.750% | 6/1/25 | 8,430 | 8,604 | ||
Gilead Sciences Inc. | 2.500% | 9/1/23 | 28,621 | 28,935 | ||
Gilead Sciences Inc. | 0.750% | 9/29/23 | 15,624 | 15,399 | ||
Gilead Sciences Inc. | 3.700% | 4/1/24 | 48,511 | 50,081 | ||
Gilead Sciences Inc. | 3.500% | 2/1/25 | 34,675 | 35,872 | ||
Gilead Sciences Inc. | 3.650% | 3/1/26 | 53,533 | 55,856 | ||
GlaxoSmithKline Capital Inc. | 2.800% | 3/18/23 | 32,086 | 32,531 | ||
GlaxoSmithKline Capital Inc. | 3.375% | 5/15/23 | 28,486 | 29,115 | ||
GlaxoSmithKline Capital Inc. | 3.625% | 5/15/25 | 19,496 | 20,396 | ||
GlaxoSmithKline Capital plc | 0.534% | 10/1/23 | 24,033 | 23,633 | ||
GlaxoSmithKline Capital plc | 3.000% | 6/1/24 | 19,901 | 20,348 | ||
HCA Inc. | 4.750% | 5/1/23 | 24,871 | 25,617 | ||
HCA Inc. | 5.000% | 3/15/24 | 33,800 | 35,525 | ||
HCA Inc. | 5.250% | 4/15/25 | 41,388 | 44,444 | ||
HCA Inc. | 5.250% | 6/15/26 | 34,370 | 37,240 | ||
HCA Inc. | 4.500% | 2/15/27 | 17,972 | 19,032 | ||
Humana Inc. | 0.650% | 8/3/23 | 12,922 | 12,723 | ||
Humana Inc. | 3.850% | 10/1/24 | 14,646 | 15,190 | ||
Humana Inc. | 4.500% | 4/1/25 | 14,592 | 15,499 | ||
Humana Inc. | 1.350% | 2/3/27 | 2,586 | 2,436 | ||
Illumina Inc. | 0.550% | 3/23/23 | 11,064 | 10,919 | ||
Johnson & Johnson | 2.050% | 3/1/23 | 7,832 | 7,890 | ||
Johnson & Johnson | 3.375% | 12/5/23 | 16,984 | 17,583 | ||
Johnson & Johnson | 2.625% | 1/15/25 | 9,224 | 9,421 | ||
Johnson & Johnson | 0.550% | 9/1/25 | 20,288 | 19,318 | ||
Johnson & Johnson | 2.450% | 3/1/26 | 45,585 | 46,409 | ||
Laboratory Corp. of America Holdings | 4.000% | 11/1/23 | 2,873 | 2,957 | ||
Laboratory Corp. of America Holdings | 3.250% | 9/1/24 | 9,109 | 9,287 | ||
Laboratory Corp. of America Holdings | 2.300% | 12/1/24 | 12,349 | 12,345 | ||
Laboratory Corp. of America Holdings | 3.600% | 2/1/25 | 13,898 | 14,293 | ||
Laboratory Corp. of America Holdings | 1.550% | 6/1/26 | 17,558 | 16,833 | ||
McKesson Corp. | 2.700% | 12/15/22 | 5,500 | 5,545 | ||
McKesson Corp. | 2.850% | 3/15/23 | 10,450 | 10,566 | ||
McKesson Corp. | 3.796% | 3/15/24 | 23,181 | 23,915 | ||
McKesson Corp. | 0.900% | 12/3/25 | 14,690 | 13,897 | ||
Medtronic Inc. | 3.500% | 3/15/25 | 41,232 | 43,002 | ||
Merck & Co. Inc. | 2.800% | 5/18/23 | 46,354 | 47,152 | ||
Merck & Co. Inc. | 2.900% | 3/7/24 | 12,752 | 13,043 | ||
Merck & Co. Inc. | 2.750% | 2/10/25 | 43,621 | 44,624 | ||
Merck & Co. Inc. | 0.750% | 2/24/26 | 35,999 | 34,286 | ||
Mylan Inc. | 4.200% | 11/29/23 | 19,761 | 20,322 | ||
Novartis Capital Corp. | 3.400% | 5/6/24 | 31,939 | 33,011 | ||
Novartis Capital Corp. | 1.750% | 2/14/25 | 36,524 | 36,312 | ||
Novartis Capital Corp. | 3.000% | 11/20/25 | 31,204 | 32,196 | ||
Novartis Capital Corp. | 2.000% | 2/14/27 | 38,386 | 38,054 | ||
1 | PeaceHealth Obligated Group | 1.375% | 11/15/25 | 7,545 | 7,317 | |
PerkinElmer Inc. | 0.550% | 9/15/23 | 8,000 | 7,844 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PerkinElmer Inc. | 0.850% | 9/15/24 | 12,925 | 12,490 | ||
Pfizer Inc. | 3.000% | 6/15/23 | 19,109 | 19,484 | ||
Pfizer Inc. | 3.200% | 9/15/23 | 17,711 | 18,154 | ||
Pfizer Inc. | 2.950% | 3/15/24 | 26,214 | 26,828 | ||
Pfizer Inc. | 3.400% | 5/15/24 | 18,548 | 19,211 | ||
Pfizer Inc. | 0.800% | 5/28/25 | 14,416 | 13,909 | ||
Pfizer Inc. | 2.750% | 6/3/26 | 25,163 | 25,862 | ||
Pfizer Inc. | 3.000% | 12/15/26 | 31,011 | 32,267 | ||
1 | Providence St. Joseph Health Obligated Group | 2.746% | 10/1/26 | 5,773 | 5,897 | |
Quest Diagnostics Inc. | 4.250% | 4/1/24 | 9,096 | 9,460 | ||
Quest Diagnostics Inc. | 3.500% | 3/30/25 | 16,858 | 17,376 | ||
Quest Diagnostics Inc. | 3.450% | 6/1/26 | 11,945 | 12,367 | ||
Royalty Pharma plc | 0.750% | 9/2/23 | 23,570 | 23,140 | ||
Royalty Pharma plc | 1.200% | 9/2/25 | 32,347 | 30,693 | ||
Sanofi | 3.375% | 6/19/23 | 9,912 | 10,142 | ||
Shire Acquisitions Investments Ireland DAC | 2.875% | 9/23/23 | 67,482 | 68,387 | ||
Shire Acquisitions Investments Ireland DAC | 3.200% | 9/23/26 | 64,252 | 65,940 | ||
1 | SSM Health Care Corp. | 3.688% | 6/1/23 | 8,483 | 8,644 | |
Stryker Corp. | 0.600% | 12/1/23 | 5,568 | 5,449 | ||
Stryker Corp. | 3.375% | 5/15/24 | 17,791 | 18,224 | ||
Stryker Corp. | 1.150% | 6/15/25 | 15,807 | 15,231 | ||
Stryker Corp. | 3.375% | 11/1/25 | 20,434 | 21,093 | ||
Stryker Corp. | 3.500% | 3/15/26 | 21,465 | 22,296 | ||
1 | Sutter Health | 1.321% | 8/15/25 | 6,024 | 5,801 | |
Takeda Pharmaceutical Co. Ltd. | 4.400% | 11/26/23 | 48,489 | 50,336 | ||
Thermo Fisher Scientific Inc. | 0.797% | 10/18/23 | 22,000 | 21,693 | ||
Thermo Fisher Scientific Inc. | 1.215% | 10/18/24 | 38,160 | 37,314 | ||
UnitedHealth Group Inc. | 2.875% | 3/15/23 | 24,680 | 25,107 | ||
UnitedHealth Group Inc. | 3.500% | 6/15/23 | 24,549 | 25,175 | ||
UnitedHealth Group Inc. | 3.500% | 2/15/24 | 23,755 | 24,575 | ||
UnitedHealth Group Inc. | 2.375% | 8/15/24 | 15,205 | 15,388 | ||
UnitedHealth Group Inc. | 3.750% | 7/15/25 | 47,208 | 49,493 | ||
UnitedHealth Group Inc. | 3.700% | 12/15/25 | 10,634 | 11,200 | ||
UnitedHealth Group Inc. | 1.250% | 1/15/26 | 6,877 | 6,645 | ||
UnitedHealth Group Inc. | 3.100% | 3/15/26 | 19,587 | 20,271 | ||
UnitedHealth Group Inc. | 1.150% | 5/15/26 | 22,329 | 21,451 | ||
UnitedHealth Group Inc. | 3.450% | 1/15/27 | 19,119 | 20,116 | ||
2 | Universal Health Services Inc. | 1.650% | 9/1/26 | 8,395 | 7,990 | |
1 | UPMC | 3.600% | 4/3/25 | 7,900 | 8,115 | |
Utah Acquisition Sub Inc. | 3.950% | 6/15/26 | 53,095 | 54,830 | ||
Viatris Inc. | 1.650% | 6/22/25 | 21,901 | 21,169 | ||
Wyeth LLC | 6.450% | 2/1/24 | 14,555 | 15,801 | ||
Zimmer Biomet Holdings Inc. | 1.450% | 11/22/24 | 12,867 | 12,576 | ||
Zimmer Biomet Holdings Inc. | 3.050% | 1/15/26 | 23,358 | 23,722 | ||
Zoetis Inc. | 4.500% | 11/13/25 | 17,064 | 18,216 | ||
4,282,172 | ||||||
Industrials (6.5%) | ||||||
3M Co. | 1.750% | 2/14/23 | 11,190 | 11,237 | ||
1 | 3M Co. | 2.250% | 3/15/23 | 18,649 | 18,812 | |
1 | 3M Co. | 3.250% | 2/14/24 | 25,954 | 26,718 | |
3M Co. | 2.000% | 2/14/25 | 17,889 | 17,838 | ||
3M Co. | 2.650% | 4/15/25 | 5,992 | 6,081 | ||
1 | 3M Co. | 3.000% | 8/7/25 | 10,938 | 11,255 | |
1 | 3M Co. | 2.250% | 9/19/26 | 5,376 | 5,373 | |
Allegion US Holding Co. Inc. | 3.200% | 10/1/24 | 8,846 | 8,963 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Amphenol Corp. | 3.200% | 4/1/24 | 6,973 | 7,116 | ||
Amphenol Corp. | 2.050% | 3/1/25 | 9,496 | 9,423 | ||
1 | BNSF Funding Trust I | 6.613% | 12/15/55 | 8,511 | 9,170 | |
Boeing Co. | 1.167% | 2/4/23 | 6,126 | 6,086 | ||
Boeing Co. | 2.800% | 3/1/23 | 19,376 | 19,578 | ||
Boeing Co. | 4.508% | 5/1/23 | 76,984 | 79,127 | ||
Boeing Co. | 1.875% | 6/15/23 | 20,181 | 20,156 | ||
Boeing Co. | 1.950% | 2/1/24 | 24,114 | 24,026 | ||
Boeing Co. | 1.433% | 2/4/24 | 34,075 | 33,529 | ||
Boeing Co. | 2.800% | 3/1/24 | 12,794 | 12,944 | ||
Boeing Co. | 2.850% | 10/30/24 | 7,328 | 7,402 | ||
Boeing Co. | 4.875% | 5/1/25 | 88,105 | 93,682 | ||
Boeing Co. | 2.600% | 10/30/25 | 8,214 | 8,166 | ||
Boeing Co. | 2.750% | 2/1/26 | 33,945 | 33,956 | ||
Boeing Co. | 2.196% | 2/4/26 | 115,886 | 112,231 | ||
Boeing Co. | 3.100% | 5/1/26 | 19,077 | 19,247 | ||
Boeing Co. | 2.250% | 6/15/26 | 15,693 | 15,321 | ||
Boeing Co. | 2.700% | 2/1/27 | 20,000 | 19,728 | ||
Burlington Northern Santa Fe LLC | 3.000% | 3/15/23 | 12,548 | 12,707 | ||
Burlington Northern Santa Fe LLC | 3.850% | 9/1/23 | 29,619 | 30,441 | ||
Burlington Northern Santa Fe LLC | 3.750% | 4/1/24 | 16,647 | 17,225 | ||
Burlington Northern Santa Fe LLC | 3.400% | 9/1/24 | 18,564 | 19,133 | ||
Burlington Northern Santa Fe LLC | 3.000% | 4/1/25 | 8,106 | 8,292 | ||
Burlington Northern Santa Fe LLC | 3.650% | 9/1/25 | 10,942 | 11,438 | ||
Burlington Northern Santa Fe LLC | 7.000% | 12/15/25 | 5,188 | 6,053 | ||
Canadian National Railway Co. | 2.950% | 11/21/24 | 5,252 | 5,350 | ||
Canadian National Railway Co. | 2.750% | 3/1/26 | 12,722 | 12,972 | ||
Canadian Pacific Railway Co. | 4.450% | 3/15/23 | 4,487 | 4,588 | ||
Canadian Pacific Railway Co. | 1.350% | 12/2/24 | 28,020 | 27,366 | ||
Canadian Pacific Railway Co. | 2.900% | 2/1/25 | 15,988 | 16,293 | ||
Canadian Pacific Railway Co. | 1.750% | 12/2/26 | 27,157 | 26,373 | ||
Carrier Global Corp. | 2.242% | 2/15/25 | 47,856 | 47,797 | ||
Carrier Global Corp. | 2.493% | 2/15/27 | 26,993 | 26,882 | ||
Caterpillar Financial Services Corp. | 0.250% | 3/1/23 | 20,687 | 20,466 | ||
1 | Caterpillar Financial Services Corp. | 2.625% | 3/1/23 | 9,806 | 9,916 | |
1 | Caterpillar Financial Services Corp. | 3.450% | 5/15/23 | 11,067 | 11,331 | |
Caterpillar Financial Services Corp. | 0.650% | 7/7/23 | 17,980 | 17,775 | ||
1 | Caterpillar Financial Services Corp. | 0.450% | 9/14/23 | 25,439 | 25,008 | |
1 | Caterpillar Financial Services Corp. | 3.750% | 11/24/23 | 13,393 | 13,891 | |
1 | Caterpillar Financial Services Corp. | 3.650% | 12/7/23 | 14,157 | 14,653 | |
1 | Caterpillar Financial Services Corp. | 0.950% | 1/10/24 | 22,002 | 21,723 | |
1 | Caterpillar Financial Services Corp. | 2.850% | 5/17/24 | 11,875 | 12,121 | |
1 | Caterpillar Financial Services Corp. | 3.300% | 6/9/24 | 11,454 | 11,813 | |
1 | Caterpillar Financial Services Corp. | 0.600% | 9/13/24 | 12,440 | 12,033 | |
1 | Caterpillar Financial Services Corp. | 2.150% | 11/8/24 | 16,597 | 16,678 | |
1 | Caterpillar Financial Services Corp. | 3.250% | 12/1/24 | 13,629 | 14,081 | |
1 | Caterpillar Financial Services Corp. | 1.450% | 5/15/25 | 19,619 | 19,195 | |
1 | Caterpillar Financial Services Corp. | 0.800% | 11/13/25 | 14,867 | 14,167 | |
Caterpillar Financial Services Corp. | 0.900% | 3/2/26 | 20,651 | 19,683 | ||
Caterpillar Financial Services Corp. | 2.400% | 8/9/26 | 14,579 | 14,705 | ||
1 | Caterpillar Financial Services Corp. | 1.150% | 9/14/26 | 37,715 | 36,011 | |
1 | Caterpillar Financial Services Corp. | 1.700% | 1/8/27 | 14,177 | 13,845 | |
Caterpillar Inc. | 3.400% | 5/15/24 | 16,353 | 16,890 | ||
CNH Industrial Capital LLC | 1.950% | 7/2/23 | 11,674 | 11,674 | ||
CNH Industrial Capital LLC | 4.200% | 1/15/24 | 12,726 | 13,157 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
CNH Industrial Capital LLC | 1.875% | 1/15/26 | 12,772 | 12,445 | ||
CNH Industrial Capital LLC | 1.450% | 7/15/26 | 8,531 | 8,102 | ||
CNH Industrial NV | 4.500% | 8/15/23 | 13,870 | 14,327 | ||
1 | Continental Airlines Pass-Through Trust Class A Series 2012-2 | 4.000% | 10/29/24 | 5,567 | 5,657 | |
Crane Co. | 4.450% | 12/15/23 | 4,545 | 4,715 | ||
CSX Corp. | 3.400% | 8/1/24 | 16,207 | 16,695 | ||
CSX Corp. | 3.350% | 11/1/25 | 9,526 | 9,850 | ||
CSX Corp. | 2.600% | 11/1/26 | 16,691 | 16,874 | ||
Cummins Inc. | 3.650% | 10/1/23 | 5,258 | 5,391 | ||
Cummins Inc. | 0.750% | 9/1/25 | 13,027 | 12,405 | ||
Deere & Co. | 2.750% | 4/15/25 | 20,510 | 20,900 | ||
2 | Delta Air Lines Inc. | 7.000% | 5/1/25 | 5,901 | 6,552 | |
2 | Delta Air Lines Inc. | 4.500% | 10/20/25 | 3,600 | 3,697 | |
1 | Delta Air Lines Pass-Through Trust Class AA Series 2019-1 | 3.204% | 4/25/24 | 5,866 | 5,971 | |
Dover Corp. | 3.150% | 11/15/25 | 7,962 | 8,208 | ||
Emerson Electric Co. | 2.625% | 2/15/23 | 6,930 | 6,994 | ||
Emerson Electric Co. | 3.150% | 6/1/25 | 7,631 | 7,860 | ||
Emerson Electric Co. | 0.875% | 10/15/26 | 18,908 | 17,843 | ||
FedEx Corp. | 3.250% | 4/1/26 | 13,565 | 14,110 | ||
Fortive Corp. | 3.150% | 6/15/26 | 19,070 | 19,639 | ||
General Dynamics Corp. | 3.375% | 5/15/23 | 26,447 | 26,993 | ||
General Dynamics Corp. | 1.875% | 8/15/23 | 11,880 | 11,926 | ||
General Dynamics Corp. | 3.250% | 4/1/25 | 13,398 | 13,825 | ||
General Dynamics Corp. | 3.500% | 5/15/25 | 8,792 | 9,127 | ||
General Dynamics Corp. | 2.125% | 8/15/26 | 20,914 | 20,878 | ||
1 | General Electric Co. | 3.150% | 9/7/22 | 2 | 2 | |
Honeywell International Inc. | 3.350% | 12/1/23 | 6,940 | 7,130 | ||
Honeywell International Inc. | 2.300% | 8/15/24 | 17,797 | 17,978 | ||
Honeywell International Inc. | 1.350% | 6/1/25 | 22,472 | 21,956 | ||
Honeywell International Inc. | 2.500% | 11/1/26 | 32,899 | 33,330 | ||
2 | Huntington Ingalls Industries Inc. | 0.670% | 8/16/23 | 5,930 | 5,813 | |
Huntington Ingalls Industries Inc. | 3.844% | 5/1/25 | 12,906 | 13,355 | ||
Illinois Tool Works Inc. | 3.500% | 3/1/24 | 20,875 | 21,493 | ||
Illinois Tool Works Inc. | 2.650% | 11/15/26 | 17,780 | 18,178 | ||
JB Hunt Transport Services Inc. | 3.875% | 3/1/26 | 17,616 | 18,567 | ||
1 | John Deere Capital Corp. | 2.800% | 3/6/23 | 21,461 | 21,758 | |
1 | John Deere Capital Corp. | 1.200% | 4/6/23 | 8,370 | 8,351 | |
1 | John Deere Capital Corp. | 3.450% | 6/7/23 | 9,523 | 9,756 | |
1 | John Deere Capital Corp. | 0.700% | 7/5/23 | 13,509 | 13,356 | |
1 | John Deere Capital Corp. | 0.400% | 10/10/23 | 8,490 | 8,341 | |
John Deere Capital Corp. | 3.650% | 10/12/23 | 13,317 | 13,743 | ||
1 | John Deere Capital Corp. | 0.900% | 1/10/24 | 11,005 | 10,846 | |
1 | John Deere Capital Corp. | 3.450% | 1/10/24 | 9,389 | 9,680 | |
1 | John Deere Capital Corp. | 0.450% | 1/17/24 | 11,656 | 11,396 | |
1 | John Deere Capital Corp. | 2.600% | 3/7/24 | 13,784 | 14,012 | |
1 | John Deere Capital Corp. | 0.450% | 6/7/24 | 12,022 | 11,661 | |
1 | John Deere Capital Corp. | 3.350% | 6/12/24 | 15,130 | 15,593 | |
1 | John Deere Capital Corp. | 2.650% | 6/24/24 | 18,117 | 18,416 | |
1 | John Deere Capital Corp. | 0.625% | 9/10/24 | 7,585 | 7,369 | |
1 | John Deere Capital Corp. | 2.050% | 1/9/25 | 12,379 | 12,407 | |
1 | John Deere Capital Corp. | 1.250% | 1/10/25 | 6,367 | 6,242 | |
1 | John Deere Capital Corp. | 3.450% | 3/13/25 | 11,887 | 12,380 | |
1 | John Deere Capital Corp. | 3.400% | 9/11/25 | 10,255 | 10,676 | |
1 | John Deere Capital Corp. | 0.700% | 1/15/26 | 20,141 | 19,115 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | John Deere Capital Corp. | 2.650% | 6/10/26 | 15,146 | 15,442 | |
1 | John Deere Capital Corp. | 1.050% | 6/17/26 | 15,112 | 14,440 | |
1 | John Deere Capital Corp. | 2.250% | 9/14/26 | 10,928 | 10,986 | |
1 | John Deere Capital Corp. | 1.300% | 10/13/26 | 7,411 | 7,134 | |
1 | John Deere Capital Corp. | 1.700% | 1/11/27 | 7,153 | 6,993 | |
1 | Johnson Controls International plc | 3.625% | 7/2/24 | 7,699 | 7,950 | |
1 | Johnson Controls International plc | 3.900% | 2/14/26 | 11,038 | 11,627 | |
1 | Kansas City Southern | 3.000% | 5/15/23 | 4,042 | 4,079 | |
Keysight Technologies Inc. | 4.550% | 10/30/24 | 13,606 | 14,319 | ||
L3Harris Technologies Inc. | 3.850% | 6/15/23 | 17,444 | 17,877 | ||
L3Harris Technologies Inc. | 3.950% | 5/28/24 | 8,948 | 9,272 | ||
L3Harris Technologies Inc. | 3.832% | 4/27/25 | 13,600 | 14,172 | ||
L3Harris Technologies Inc. | 3.850% | 12/15/26 | 5,241 | 5,502 | ||
Lennox International Inc. | 3.000% | 11/15/23 | 5,712 | 5,796 | ||
Lennox International Inc. | 1.350% | 8/1/25 | 8,776 | 8,445 | ||
Lockheed Martin Corp. | 2.900% | 3/1/25 | 17,190 | 17,589 | ||
Lockheed Martin Corp. | 3.550% | 1/15/26 | 41,629 | 43,773 | ||
Norfolk Southern Corp. | 3.850% | 1/15/24 | 6,628 | 6,837 | ||
Norfolk Southern Corp. | 3.650% | 8/1/25 | 3,463 | 3,611 | ||
Norfolk Southern Corp. | 2.900% | 6/15/26 | 16,848 | 17,258 | ||
Northrop Grumman Corp. | 3.250% | 8/1/23 | 26,599 | 27,175 | ||
Northrop Grumman Corp. | 2.930% | 1/15/25 | 25,405 | 25,889 | ||
Northrop Grumman Corp. | 3.200% | 2/1/27 | 17,080 | 17,563 | ||
Otis Worldwide Corp. | 2.056% | 4/5/25 | 34,469 | 34,184 | ||
1 | PACCAR Financial Corp. | 2.650% | 4/6/23 | 6,477 | 6,573 | |
1 | PACCAR Financial Corp. | 0.800% | 6/8/23 | 10,616 | 10,530 | |
PACCAR Financial Corp. | 3.400% | 8/9/23 | 9,511 | 9,749 | ||
1 | PACCAR Financial Corp. | 0.350% | 8/11/23 | 7,264 | 7,154 | |
1 | PACCAR Financial Corp. | 0.350% | 2/2/24 | 5,980 | 5,820 | |
1 | PACCAR Financial Corp. | 2.150% | 8/15/24 | 9,867 | 9,918 | |
1 | PACCAR Financial Corp. | 0.900% | 11/8/24 | 7,975 | 7,773 | |
1 | PACCAR Financial Corp. | 1.800% | 2/6/25 | 13,786 | 13,668 | |
Parker-Hannifin Corp. | 2.700% | 6/14/24 | 17,172 | 17,394 | ||
1 | Parker-Hannifin Corp. | 3.300% | 11/21/24 | 9,143 | 9,357 | |
Precision Castparts Corp. | 3.250% | 6/15/25 | 24,457 | 25,349 | ||
Raytheon Technologies Corp. | 3.700% | 12/15/23 | 8,856 | 9,112 | ||
Raytheon Technologies Corp. | 3.200% | 3/15/24 | 24,341 | ��� 24,933 | ||
Raytheon Technologies Corp. | 3.950% | 8/16/25 | 42,416 | 44,719 | ||
Republic Services Inc. | 4.750% | 5/15/23 | 5,684 | 5,850 | ||
Republic Services Inc. | 2.500% | 8/15/24 | 28,741 | 29,023 | ||
Republic Services Inc. | 3.200% | 3/15/25 | 16,138 | 16,517 | ||
Republic Services Inc. | 0.875% | 11/15/25 | 9,540 | 9,007 | ||
Republic Services Inc. | 2.900% | 7/1/26 | 6,247 | 6,354 | ||
Rockwell Automation Inc. | 0.350% | 8/15/23 | 9,661 | 9,499 | ||
Rockwell Automation Inc. | 2.875% | 3/1/25 | 5,351 | 5,476 | ||
1 | Ryder System Inc. | 3.400% | 3/1/23 | 14,993 | 15,233 | |
1 | Ryder System Inc. | 3.750% | 6/9/23 | 11,259 | 11,508 | |
1 | Ryder System Inc. | 3.875% | 12/1/23 | 6,463 | 6,664 | |
1 | Ryder System Inc. | 3.650% | 3/18/24 | 20,202 | 20,809 | |
1 | Ryder System Inc. | 2.500% | 9/1/24 | 7,988 | 8,021 | |
1 | Ryder System Inc. | 4.625% | 6/1/25 | 7,668 | 8,157 | |
1 | Ryder System Inc. | 3.350% | 9/1/25 | 8,928 | 9,145 | |
1 | Ryder System Inc. | 1.750% | 9/1/26 | 6,335 | 6,097 | |
1 | Ryder System Inc. | 2.900% | 12/1/26 | 10,939 | 11,039 | |
1 | Ryder System Inc. | 2.850% | 3/1/27 | 2,000 | 2,006 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Southwest Airlines Co. | 4.750% | 5/4/23 | 16,676 | 17,234 | ||
Southwest Airlines Co. | 5.250% | 5/4/25 | 39,989 | 43,126 | ||
Southwest Airlines Co. | 3.000% | 11/15/26 | 3,085 | 3,122 | ||
Teledyne Technologies Inc. | 0.650% | 4/1/23 | 11,647 | 11,516 | ||
Teledyne Technologies Inc. | 0.950% | 4/1/24 | 15,198 | 14,846 | ||
Teledyne Technologies Inc. | 1.600% | 4/1/26 | 16,575 | 15,979 | ||
Textron Inc. | 4.300% | 3/1/24 | 7,242 | 7,518 | ||
Textron Inc. | 3.875% | 3/1/25 | 6,367 | 6,639 | ||
Textron Inc. | 4.000% | 3/15/26 | 10,208 | 10,727 | ||
Timken Co. | 3.875% | 9/1/24 | 6,705 | 6,907 | ||
Trane Technologies Global Holding Co. Ltd. | 4.250% | 6/15/23 | 14,814 | 15,265 | ||
Trane Technologies Luxembourg Finance SA | 3.550% | 11/1/24 | 8,041 | 8,305 | ||
Trane Technologies Luxembourg Finance SA | 3.500% | 3/21/26 | 9,333 | 9,743 | ||
Trimble Inc. | 4.150% | 6/15/23 | 7,071 | 7,254 | ||
Trimble Inc. | 4.750% | 12/1/24 | 8,752 | 9,233 | ||
Tyco Electronics Group SA | 3.450% | 8/1/24 | 8,016 | 8,230 | ||
Tyco Electronics Group SA | 3.700% | 2/15/26 | 6,026 | 6,316 | ||
Union Pacific Corp. | 2.750% | 4/15/23 | 4,298 | 4,344 | ||
Union Pacific Corp. | 3.500% | 6/8/23 | 15,748 | 16,103 | ||
Union Pacific Corp. | 3.646% | 2/15/24 | 14,146 | 14,579 | ||
Union Pacific Corp. | 3.150% | 3/1/24 | 17,161 | 17,588 | ||
Union Pacific Corp. | 3.750% | 3/15/24 | 12,090 | 12,496 | ||
Union Pacific Corp. | 3.250% | 1/15/25 | 6,031 | 6,196 | ||
Union Pacific Corp. | 3.750% | 7/15/25 | 5,547 | 5,811 | ||
Union Pacific Corp. | 3.250% | 8/15/25 | 8,769 | 9,041 | ||
Union Pacific Corp. | 2.750% | 3/1/26 | 16,623 | 16,874 | ||
1 | United Airlines Pass-Through Trust Class A Series 2012-1 | 4.150% | 4/11/24 | 6,581 | 6,704 | |
1 | United Airlines Pass-Through Trust Class A Series 2013-1 | 4.300% | 8/15/25 | 8,391 | 8,669 | |
1 | United Airlines Pass-Through Trust Class A Series 2014-1 | 4.000% | 4/11/26 | 10,256 | 10,469 | |
1 | United Airlines Pass-Through Trust Class A Series 2014-2 | 3.750% | 9/3/26 | 8,639 | 8,790 | |
1 | United Airlines Pass-Through Trust Class B Series 2020-1 | 4.875% | 1/15/26 | 17,021 | 17,281 | |
United Parcel Service Inc. | 2.500% | 4/1/23 | 25,819 | 26,096 | ||
United Parcel Service Inc. | 2.200% | 9/1/24 | 11,201 | 11,302 | ||
United Parcel Service Inc. | 2.800% | 11/15/24 | 16,934 | 17,301 | ||
United Parcel Service Inc. | 3.900% | 4/1/25 | 15,858 | 16,683 | ||
United Parcel Service Inc. | 2.400% | 11/15/26 | 5,824 | 5,877 | ||
Vontier Corp. | 1.800% | 4/1/26 | 11,090 | 10,359 | ||
Waste Management Inc. | 2.400% | 5/15/23 | 21,240 | 21,402 | ||
Waste Management Inc. | 0.750% | 11/15/25 | 8,714 | 8,235 | ||
Westinghouse Air Brake Technologies Corp. | 4.400% | 3/15/24 | 14,277 | 14,791 | ||
Westinghouse Air Brake Technologies Corp. | 3.200% | 6/15/25 | 14,232 | 14,370 | ||
Westinghouse Air Brake Technologies Corp. | 3.450% | 11/15/26 | 17,108 | 17,350 | ||
WW Grainger Inc. | 1.850% | 2/15/25 | 11,179 | 11,088 | ||
Xylem Inc. | 3.250% | 11/1/26 | 10,155 | 10,429 | ||
3,237,330 | ||||||
Materials (1.7%) | ||||||
Air Products and Chemicals Inc. | 3.350% | 7/31/24 | 8,708 | 8,973 | ||
Air Products and Chemicals Inc. | 1.500% | 10/15/25 | 14,142 | 13,832 | ||
Albemarle Corp. | 4.150% | 12/1/24 | 6,910 | 7,200 | ||
ArcelorMittal SA | 4.550% | 3/11/26 | 13,626 | 14,310 | ||
Berry Global Inc. | 0.950% | 2/15/24 | 16,348 | 15,898 | ||
Berry Global Inc. | 1.570% | 1/15/26 | 35,358 | 33,678 | ||
Berry Global Inc. | 1.650% | 1/15/27 | 4,681 | 4,353 | ||
BHP Billiton Finance USA Ltd. | 3.850% | 9/30/23 | 10,095 | 10,441 | ||
BHP Billiton Finance USA Ltd. | 6.420% | 3/1/26 | 7,484 | 8,657 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Carlisle Cos. Inc. | 3.500% | 12/1/24 | 9,531 | 9,830 | ||
Celanese US Holdings LLC | 3.500% | 5/8/24 | 12,273 | 12,521 | ||
Celanese US Holdings LLC | 1.400% | 8/5/26 | 9,980 | 9,387 | ||
Celulosa Arauco y Constitucion SA | 4.500% | 8/1/24 | 8,345 | 8,633 | ||
CF Industries Inc. | 3.450% | 6/1/23 | 11,437 | 11,640 | ||
Dow Chemical Co. | 4.550% | 11/30/25 | 427 | 458 | ||
Dow Chemical Co. | 3.625% | 5/15/26 | 16,560 | 17,295 | ||
DuPont de Nemours Inc. | 4.205% | 11/15/23 | 48,708 | 50,470 | ||
DuPont de Nemours Inc. | 4.493% | 11/15/25 | 37,748 | 40,228 | ||
Eastman Chemical Co. | 3.800% | 3/15/25 | 14,569 | 15,100 | ||
Ecolab Inc. | 0.900% | 12/15/23 | 5,695 | 5,600 | ||
Ecolab Inc. | 2.700% | 11/1/26 | 18,160 | 18,495 | ||
Ecolab Inc. | 1.650% | 2/1/27 | 11,350 | 11,043 | ||
EI du Pont de Nemours & Co. | 1.700% | 7/15/25 | 11,338 | 11,110 | ||
Fibria Overseas Finance Ltd. | 4.000% | 1/14/25 | 7,935 | 8,152 | ||
Fibria Overseas Finance Ltd. | 5.500% | 1/17/27 | 15,075 | 16,209 | ||
FMC Corp. | 4.100% | 2/1/24 | 7,005 | 7,222 | ||
FMC Corp. | 3.200% | 10/1/26 | 11,000 | 11,250 | ||
Freeport-McMoRan Inc. | 3.875% | 3/15/23 | 4,000 | 4,068 | ||
Freeport-McMoRan Inc. | 4.550% | 11/14/24 | 4,825 | 5,039 | ||
Freeport-McMoRan Inc. | 5.000% | 9/1/27 | 3,800 | 3,918 | ||
Freeport-McMoRan Inc. | 4.125% | 3/1/28 | 15,450 | 15,618 | ||
Georgia-Pacific LLC | 8.000% | 1/15/24 | 8,707 | 9,684 | ||
2 | Georgia-Pacific LLC | 0.625% | 5/15/24 | 3,500 | 3,388 | |
2 | Georgia-Pacific LLC | 1.750% | 9/30/25 | 9,500 | 9,282 | |
International Flavors & Fragrances Inc. | 3.200% | 5/1/23 | 2,644 | 2,675 | ||
Kinross Gold Corp. | 5.950% | 3/15/24 | 5,186 | 5,492 | ||
Linde Inc. | 2.650% | 2/5/25 | 8,257 | 8,402 | ||
Linde Inc. | 3.200% | 1/30/26 | 13,879 | 14,399 | ||
LYB International Finance BV | 4.000% | 7/15/23 | 14,195 | 14,604 | ||
LYB International Finance III LLC | 1.250% | 10/1/25 | 17,246 | 16,479 | ||
LyondellBasell Industries NV | 5.750% | 4/15/24 | 9,016 | 9,605 | ||
Martin Marietta Materials Inc. | 0.650% | 7/15/23 | 4,160 | 4,099 | ||
Martin Marietta Materials Inc. | 4.250% | 7/2/24 | 9,394 | 9,811 | ||
Mosaic Co. | 4.250% | 11/15/23 | 23,816 | 24,631 | ||
Nucor Corp. | 4.000% | 8/1/23 | 10,598 | 10,879 | ||
Nucor Corp. | 2.000% | 6/1/25 | 17,648 | 17,463 | ||
Nutrien Ltd. | 1.900% | 5/13/23 | 9,572 | 9,589 | ||
Nutrien Ltd. | 3.000% | 4/1/25 | 8,486 | 8,629 | ||
Nutrien Ltd. | 4.000% | 12/15/26 | 12,846 | 13,683 | ||
Packaging Corp. of America | 3.650% | 9/15/24 | 7,672 | 7,931 | ||
PPG Industries Inc. | 3.200% | 3/15/23 | 4,919 | 5,004 | ||
PPG Industries Inc. | 2.400% | 8/15/24 | 9,011 | 9,082 | ||
PPG Industries Inc. | 1.200% | 3/15/26 | 16,804 | 16,042 | ||
Reliance Steel & Aluminum Co. | 4.500% | 4/15/23 | 5,083 | 5,200 | ||
Reliance Steel & Aluminum Co. | 1.300% | 8/15/25 | 5,850 | 5,630 | ||
Sherwin-Williams Co. | 3.125% | 6/1/24 | 27,500 | 28,127 | ||
Sherwin-Williams Co. | 3.450% | 8/1/25 | 7,483 | 7,701 | ||
Southern Copper Corp. | 3.875% | 4/23/25 | 9,678 | 9,969 | ||
Steel Dynamics Inc. | 2.800% | 12/15/24 | 9,960 | 10,110 | ||
Steel Dynamics Inc. | 2.400% | 6/15/25 | 13,162 | 13,131 | ||
Vale Overseas Ltd. | 6.250% | 8/10/26 | 38,409 | 43,389 | ||
Vulcan Materials Co. | 4.500% | 4/1/25 | 7,026 | 7,445 | ||
Westlake Corp. | 3.600% | 8/15/26 | 18,200 | 18,915 | ||
WestRock RKT LLC | 4.000% | 3/1/23 | 7,845 | 7,990 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
WRKCo Inc. | 3.000% | 9/15/24 | 14,059 | 14,306 | ||
WRKCo Inc. | 3.750% | 3/15/25 | 21,794 | 22,643 | ||
WRKCo Inc. | 4.650% | 3/15/26 | 17,356 | 18,726 | ||
854,763 | ||||||
Real Estate (3.6%) | ||||||
Alexandria Real Estate Equities Inc. | 3.450% | 4/30/25 | 23,173 | 23,989 | ||
Alexandria Real Estate Equities Inc. | 4.300% | 1/15/26 | 3,787 | 4,038 | ||
Alexandria Real Estate Equities Inc. | 3.800% | 4/15/26 | 5,892 | 6,208 | ||
Alexandria Real Estate Equities Inc. | 3.950% | 1/15/27 | 7,838 | 8,338 | ||
American Campus Communities Operating Partnership LP | 3.750% | 4/15/23 | 7,668 | 7,785 | ||
American Campus Communities Operating Partnership LP | 4.125% | 7/1/24 | 9,324 | 9,687 | ||
American Campus Communities Operating Partnership LP | 3.300% | 7/15/26 | 9,613 | 9,891 | ||
American Tower Corp. | 3.000% | 6/15/23 | 18,766 | 19,044 | ||
American Tower Corp. | 0.600% | 1/15/24 | 7,542 | 7,344 | ||
American Tower Corp. | 5.000% | 2/15/24 | 23,955 | 25,235 | ||
American Tower Corp. | 3.375% | 5/15/24 | 20,771 | 21,232 | ||
American Tower Corp. | 2.950% | 1/15/25 | 14,079 | 14,233 | ||
American Tower Corp. | 2.400% | 3/15/25 | 16,894 | 16,842 | ||
American Tower Corp. | 4.000% | 6/1/25 | 15,574 | 16,214 | ||
American Tower Corp. | 1.300% | 9/15/25 | 14,668 | 14,056 | ||
American Tower Corp. | 4.400% | 2/15/26 | 10,277 | 10,902 | ||
American Tower Corp. | 1.600% | 4/15/26 | 12,797 | 12,273 | ||
American Tower Corp. | 1.450% | 9/15/26 | 15,172 | 14,371 | ||
American Tower Corp. | 3.375% | 10/15/26 | 20,896 | 21,448 | ||
American Tower Corp. | 2.750% | 1/15/27 | 17,183 | 17,160 | ||
American Tower Corp. | 3.125% | 1/15/27 | 10,129 | 10,236 | ||
1 | AvalonBay Communities Inc. | 4.200% | 12/15/23 | 7,723 | 7,992 | |
1 | AvalonBay Communities Inc. | 3.500% | 11/15/24 | 10,040 | 10,354 | |
1 | AvalonBay Communities Inc. | 3.450% | 6/1/25 | 11,312 | 11,667 | |
1 | AvalonBay Communities Inc. | 3.500% | 11/15/25 | 5,919 | 6,153 | |
1 | AvalonBay Communities Inc. | 2.950% | 5/11/26 | 12,175 | 12,484 | |
1 | AvalonBay Communities Inc. | 2.900% | 10/15/26 | 3,980 | 4,071 | |
Boston Properties LP | 3.125% | 9/1/23 | 19,184 | 19,492 | ||
Boston Properties LP | 3.800% | 2/1/24 | 12,860 | 13,223 | ||
Boston Properties LP | 3.200% | 1/15/25 | 13,912 | 14,219 | ||
Boston Properties LP | 3.650% | 2/1/26 | 22,670 | 23,482 | ||
Boston Properties LP | 2.750% | 10/1/26 | 18,039 | 18,083 | ||
Brandywine Operating Partnership LP | 4.100% | 10/1/24 | 8,501 | 8,791 | ||
Brixmor Operating Partnership LP | 3.650% | 6/15/24 | 14,739 | 15,181 | ||
Brixmor Operating Partnership LP | 3.850% | 2/1/25 | 15,060 | 15,648 | ||
Brixmor Operating Partnership LP | 4.125% | 6/15/26 | 10,135 | 10,683 | ||
Camden Property Trust | 2.950% | 12/15/22 | 8,851 | 8,923 | ||
CBRE Services Inc. | 4.875% | 3/1/26 | 13,600 | 14,772 | ||
CC Holdings GS V LLC | 3.849% | 4/15/23 | 30,846 | 31,598 | ||
Corporate Office Properties LP | 2.250% | 3/15/26 | 7,321 | 7,199 | ||
Crown Castle International Corp. | 3.150% | 7/15/23 | 16,137 | 16,421 | ||
Crown Castle International Corp. | 3.200% | 9/1/24 | 20,813 | 21,234 | ||
Crown Castle International Corp. | 1.350% | 7/15/25 | 7,298 | 7,002 | ||
Crown Castle International Corp. | 4.450% | 2/15/26 | 23,491 | 24,964 | ||
Crown Castle International Corp. | 3.700% | 6/15/26 | 23,687 | 24,580 | ||
Crown Castle International Corp. | 1.050% | 7/15/26 | 11,048 | 10,319 | ||
CubeSmart LP | 4.000% | 11/15/25 | 7,006 | 7,329 | ||
CubeSmart LP | 3.125% | 9/1/26 | 7,048 | 7,196 | ||
CyrusOne LP | 2.900% | 11/15/24 | 13,765 | 14,023 | ||
Duke Realty LP | 3.250% | 6/30/26 | 7,423 | 7,628 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
EPR Properties | 4.500% | 4/1/25 | 3,045 | 3,131 | ||
Equinix Inc. | 2.625% | 11/18/24 | 17,269 | 17,377 | ||
Equinix Inc. | 1.250% | 7/15/25 | 6,046 | 5,766 | ||
Equinix Inc. | 1.000% | 9/15/25 | 16,743 | 15,860 | ||
Equinix Inc. | 1.450% | 5/15/26 | 15,010 | 14,281 | ||
Equinix Inc. | 2.900% | 11/18/26 | 17,426 | 17,555 | ||
ERP Operating LP | 3.000% | 4/15/23 | 11,808 | 11,960 | ||
ERP Operating LP | 3.375% | 6/1/25 | 14,144 | 14,669 | ||
ERP Operating LP | 2.850% | 11/1/26 | 7,739 | 7,922 | ||
Essex Portfolio LP | 3.250% | 5/1/23 | 10,880 | 11,011 | ||
Essex Portfolio LP | 3.875% | 5/1/24 | 7,777 | 8,031 | ||
Essex Portfolio LP | 3.500% | 4/1/25 | 16,984 | 17,510 | ||
Essex Portfolio LP | 3.375% | 4/15/26 | 4,535 | 4,668 | ||
Federal Realty Investment Trust | 3.950% | 1/15/24 | 10,655 | 10,974 | ||
Federal Realty Investment Trust | 1.250% | 2/15/26 | 11,349 | 10,851 | ||
GLP Capital LP | 5.375% | 11/1/23 | 12,885 | 13,431 | ||
GLP Capital LP | 3.350% | 9/1/24 | 12,768 | 12,917 | ||
GLP Capital LP | 5.250% | 6/1/25 | 18,428 | 19,477 | ||
GLP Capital LP | 5.375% | 4/15/26 | 18,121 | 19,400 | ||
Healthcare Trust of America Holdings LP | 3.500% | 8/1/26 | 17,761 | 18,408 | ||
Healthpeak Properties Inc. | 3.400% | 2/1/25 | 8,517 | 8,747 | ||
Healthpeak Properties Inc. | 4.000% | 6/1/25 | 4,797 | 5,014 | ||
Healthpeak Properties Inc. | 3.250% | 7/15/26 | 14,255 | 14,747 | ||
Healthpeak Properties Inc. | 1.350% | 2/1/27 | 1,375 | 1,301 | ||
Highwoods Realty LP | 3.625% | 1/15/23 | 1,360 | 1,377 | ||
Host Hotels & Resorts LP | 3.875% | 4/1/24 | 6,917 | 7,069 | ||
1 | Host Hotels & Resorts LP | 4.000% | 6/15/25 | 10,752 | 11,132 | |
1 | Host Hotels & Resorts LP | 4.500% | 2/1/26 | 8,552 | 8,974 | |
Kilroy Realty LP | 3.450% | 12/15/24 | 9,220 | 9,450 | ||
Kilroy Realty LP | 4.375% | 10/1/25 | 12,768 | 13,460 | ||
Kimco Realty Corp. | 3.375% | 10/15/22 | 1,709 | 1,714 | ||
Kimco Realty Corp. | 3.500% | 4/15/23 | 2,965 | 3,000 | ||
Kimco Realty Corp. | 3.125% | 6/1/23 | 6,893 | 6,988 | ||
Kimco Realty Corp. | 2.700% | 3/1/24 | 9,687 | 9,768 | ||
Kimco Realty Corp. | 3.300% | 2/1/25 | 14,835 | 15,216 | ||
Kimco Realty Corp. | 2.800% | 10/1/26 | 10,258 | 10,310 | ||
Kite Realty Group LP | 4.000% | 10/1/26 | 6,543 | 6,816 | ||
Kite Realty Group Trust | 4.000% | 3/15/25 | 1,366 | 1,405 | ||
LifeStorage LP | 3.500% | 7/1/26 | 12,468 | 12,975 | ||
Mid-America Apartments LP | 4.300% | 10/15/23 | 7,959 | 8,194 | ||
Mid-America Apartments LP | 3.750% | 6/15/24 | 7,492 | 7,728 | ||
Mid-America Apartments LP | 4.000% | 11/15/25 | 9,983 | 10,478 | ||
Mid-America Apartments LP | 1.100% | 9/15/26 | 9,147 | 8,585 | ||
National Retail Properties Inc. | 3.900% | 6/15/24 | 8,019 | 8,293 | ||
National Retail Properties Inc. | 4.000% | 11/15/25 | 10,832 | 11,399 | ||
National Retail Properties Inc. | 3.600% | 12/15/26 | 2,556 | 2,650 | ||
Office Properties Income Trust | 4.250% | 5/15/24 | 7,352 | 7,498 | ||
Office Properties Income Trust | 4.500% | 2/1/25 | 15,249 | 15,633 | ||
Office Properties Income Trust | 2.650% | 6/15/26 | 4,754 | 4,533 | ||
Office Properties Income Trust | 2.400% | 2/1/27 | 11,973 | 11,065 | ||
Omega Healthcare Investors Inc. | 4.375% | 8/1/23 | 12,580 | 12,894 | ||
Omega Healthcare Investors Inc. | 4.950% | 4/1/24 | 10,363 | 10,814 | ||
Omega Healthcare Investors Inc. | 4.500% | 1/15/25 | 8,698 | 9,064 | ||
Omega Healthcare Investors Inc. | 5.250% | 1/15/26 | 13,512 | 14,512 | ||
Piedmont Operating Partnership LP | 3.400% | 6/1/23 | 6,202 | 6,274 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Piedmont Operating Partnership LP | 4.450% | 3/15/24 | 6,595 | 6,833 | ||
Prologis LP | 3.250% | 10/1/26 | 11,811 | 12,273 | ||
Public Storage | 0.875% | 2/15/26 | 10,949 | 10,425 | ||
Public Storage | 1.500% | 11/9/26 | 16,735 | 16,227 | ||
Realty Income Corp. | 4.600% | 2/6/24 | 16,175 | 16,854 | ||
Realty Income Corp. | 3.875% | 7/15/24 | 10,330 | 10,710 | ||
Realty Income Corp. | 3.875% | 4/15/25 | 15,164 | 15,832 | ||
Realty Income Corp. | 4.625% | 11/1/25 | 10,069 | 10,813 | ||
Realty Income Corp. | 0.750% | 3/15/26 | 1,732 | 1,618 | ||
Realty Income Corp. | 4.875% | 6/1/26 | 13,028 | 14,188 | ||
Realty Income Corp. | 4.125% | 10/15/26 | 9,284 | 9,855 | ||
Realty Income Corp. | 3.000% | 1/15/27 | 14,756 | 15,005 | ||
Regency Centers LP | 3.600% | 2/1/27 | 12,082 | 12,668 | ||
Sabra Health Care LP | 5.125% | 8/15/26 | 11,317 | 11,998 | ||
Simon Property Group LP | 2.750% | 6/1/23 | 14,353 | 14,502 | ||
Simon Property Group LP | 3.750% | 2/1/24 | 13,579 | 13,992 | ||
Simon Property Group LP | 2.000% | 9/13/24 | 25,149 | 25,065 | ||
Simon Property Group LP | 3.375% | 10/1/24 | 17,058 | 17,549 | ||
Simon Property Group LP | 3.500% | 9/1/25 | 31,069 | 32,098 | ||
Simon Property Group LP | 3.300% | 1/15/26 | 15,171 | 15,549 | ||
Simon Property Group LP | 3.250% | 11/30/26 | 18,675 | 19,213 | ||
SITE Centers Corp. | 3.625% | 2/1/25 | 8,476 | 8,696 | ||
SITE Centers Corp. | 4.250% | 2/1/26 | 3,131 | 3,262 | ||
SL Green Realty Corp. | 4.500% | 12/1/22 | 6,258 | 6,358 | ||
Spirit Realty LP | 4.450% | 9/15/26 | 3,432 | 3,670 | ||
Spirit Realty LP | 3.200% | 1/15/27 | 10,421 | 10,583 | ||
Tanger Properties LP | 3.125% | 9/1/26 | 6,289 | 6,273 | ||
1 | UDR Inc. | 2.950% | 9/1/26 | 6,703 | 6,800 | |
Ventas Realty LP | 3.500% | 4/15/24 | 8,023 | 8,221 | ||
Ventas Realty LP | 3.750% | 5/1/24 | 8,183 | 8,407 | ||
Ventas Realty LP | 2.650% | 1/15/25 | 2,813 | 2,828 | ||
Ventas Realty LP | 3.500% | 2/1/25 | 22,024 | 22,597 | ||
Ventas Realty LP | 4.125% | 1/15/26 | 11,210 | 11,820 | ||
Ventas Realty LP | 3.250% | 10/15/26 | 7,977 | 8,162 | ||
Vornado Realty LP | 3.500% | 1/15/25 | 10,204 | 10,413 | ||
Vornado Realty LP | 2.150% | 6/1/26 | 12,877 | 12,498 | ||
Welltower Inc. | 4.500% | 1/15/24 | 10,774 | 11,191 | ||
Welltower Inc. | 3.625% | 3/15/24 | 24,307 | 24,977 | ||
Welltower Inc. | 4.000% | 6/1/25 | 45,172 | 47,279 | ||
Welltower Inc. | 4.250% | 4/1/26 | 4,166 | 4,433 | ||
Welltower Inc. | 2.700% | 2/15/27 | 9,427 | 9,500 | ||
Weyerhaeuser Co. | 8.500% | 1/15/25 | 4,944 | 5,790 | ||
WP Carey Inc. | 4.600% | 4/1/24 | 6,726 | 7,020 | ||
WP Carey Inc. | 4.000% | 2/1/25 | 10,049 | 10,498 | ||
WP Carey Inc. | 4.250% | 10/1/26 | 6,463 | 6,883 | ||
1,800,939 | ||||||
Technology (9.1%) | ||||||
Adobe Inc. | 1.900% | 2/1/25 | 15,393 | 15,398 | ||
Adobe Inc. | 3.250% | 2/1/25 | 19,855 | 20,502 | ||
Adobe Inc. | 2.150% | 2/1/27 | 22,886 | 22,784 | ||
Altera Corp. | 4.100% | 11/15/23 | 14,722 | 15,271 | ||
Analog Devices Inc. | 2.950% | 4/1/25 | 15,487 | 15,863 | ||
Analog Devices Inc. | 3.500% | 12/5/26 | 23,179 | 24,465 | ||
Apple Inc. | 2.850% | 2/23/23 | 27,408 | 27,773 | ||
Apple Inc. | 2.400% | 5/3/23 | 112,850 | 114,240 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Apple Inc. | 0.750% | 5/11/23 | 55,000 | 54,642 | ||
Apple Inc. | 3.000% | 2/9/24 | 46,003 | 47,155 | ||
Apple Inc. | 3.450% | 5/6/24 | 56,658 | 58,703 | ||
Apple Inc. | 2.850% | 5/11/24 | 63,723 | 65,144 | ||
Apple Inc. | 1.800% | 9/11/24 | 19,158 | 19,161 | ||
Apple Inc. | 2.750% | 1/13/25 | 25,510 | 26,135 | ||
Apple Inc. | 2.500% | 2/9/25 | 29,913 | 30,444 | ||
Apple Inc. | 1.125% | 5/11/25 | 53,964 | 52,700 | ||
Apple Inc. | 3.200% | 5/13/25 | 55,848 | 57,943 | ||
Apple Inc. | 0.550% | 8/20/25 | 15,523 | 14,775 | ||
Apple Inc. | 0.700% | 2/8/26 | 42,514 | 40,632 | ||
Apple Inc. | 3.250% | 2/23/26 | 75,299 | 78,592 | ||
Apple Inc. | 2.450% | 8/4/26 | 54,340 | 55,193 | ||
Apple Inc. | 2.050% | 9/11/26 | 43,439 | 43,360 | ||
Apple Inc. | 3.350% | 2/9/27 | 50,000 | 52,684 | ||
Applied Materials Inc. | 3.900% | 10/1/25 | 14,416 | 15,232 | ||
Arrow Electronics Inc. | 4.500% | 3/1/23 | 5,850 | 5,968 | ||
Arrow Electronics Inc. | 3.250% | 9/8/24 | 13,125 | 13,341 | ||
Arrow Electronics Inc. | 4.000% | 4/1/25 | 5,336 | 5,534 | ||
Autodesk Inc. | 4.375% | 6/15/25 | 10,525 | 11,108 | ||
Automatic Data Processing Inc. | 3.375% | 9/15/25 | 23,571 | 24,605 | ||
Avnet Inc. | 4.625% | 4/15/26 | 13,437 | 14,239 | ||
Broadcom Corp. | 3.625% | 1/15/24 | 2,096 | 2,151 | ||
Broadcom Corp. | 3.875% | 1/15/27 | 77,609 | 80,835 | ||
Broadcom Inc. | 2.250% | 11/15/23 | 7,176 | 7,206 | ||
Broadcom Inc. | 3.625% | 10/15/24 | 14,970 | 15,410 | ||
Broadcom Inc. | 4.700% | 4/15/25 | 20,884 | 22,196 | ||
Broadcom Inc. | 3.150% | 11/15/25 | 19,407 | 19,768 | ||
Broadcom Inc. | 4.250% | 4/15/26 | 26,791 | 28,305 | ||
Broadcom Inc. | 3.459% | 9/15/26 | 20,214 | 20,818 | ||
Broadridge Financial Solutions Inc. | 3.400% | 6/27/26 | 11,321 | 11,756 | ||
Cadence Design Systems Inc. | 4.375% | 10/15/24 | 7,232 | 7,593 | ||
CDW LLC | 4.125% | 5/1/25 | 8,750 | 8,869 | ||
2 | CGI Inc. | 1.450% | 9/14/26 | 13,625 | 12,962 | |
Cisco Systems Inc. | 2.200% | 9/20/23 | 25,369 | 25,627 | ||
Cisco Systems Inc. | 3.625% | 3/4/24 | 16,987 | 17,627 | ||
Cisco Systems Inc. | 3.500% | 6/15/25 | 8,038 | 8,411 | ||
Cisco Systems Inc. | 2.950% | 2/28/26 | 19,066 | 19,762 | ||
Cisco Systems Inc. | 2.500% | 9/20/26 | 33,867 | 34,612 | ||
Citrix Systems Inc. | 1.250% | 3/1/26 | 17,475 | 17,093 | ||
Dell International LLC | 5.450% | 6/15/23 | 21,721 | 22,611 | ||
Dell International LLC | 4.000% | 7/15/24 | 21,585 | 22,398 | ||
Dell International LLC | 5.850% | 7/15/25 | 34,205 | 37,594 | ||
Dell International LLC | 6.020% | 6/15/26 | 93,532 | 104,608 | ||
Dell International LLC | 4.900% | 10/1/26 | 43,160 | 46,778 | ||
DXC Technology Co. | 1.800% | 9/15/26 | 20,417 | 19,486 | ||
Equifax Inc. | 3.300% | 12/15/22 | 15,744 | 15,913 | ||
Equifax Inc. | 3.950% | 6/15/23 | 7,080 | 7,252 | ||
Equifax Inc. | 2.600% | 12/1/24 | 18,437 | 18,576 | ||
Equifax Inc. | 2.600% | 12/15/25 | 12,231 | 12,245 | ||
Fidelity National Information Services Inc. | 0.375% | 3/1/23 | 20,275 | 20,014 | ||
Fidelity National Information Services Inc. | 0.600% | 3/1/24 | 10,276 | 9,979 | ||
Fidelity National Information Services Inc. | 1.150% | 3/1/26 | 37,372 | 35,309 | ||
Fiserv Inc. | 3.800% | 10/1/23 | 37,407 | 38,503 | ||
Fiserv Inc. | 2.750% | 7/1/24 | 52,716 | 53,269 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Fiserv Inc. | 3.850% | 6/1/25 | 6,218 | 6,476 | ||
Fiserv Inc. | 3.200% | 7/1/26 | 45,055 | 46,011 | ||
Flex Ltd. | 4.750% | 6/15/25 | 13,661 | 14,486 | ||
Flex Ltd. | 3.750% | 2/1/26 | 17,617 | 18,183 | ||
Fortinet Inc. | 1.000% | 3/15/26 | 11,288 | 10,586 | ||
Genpact Luxembourg Sarl | 3.375% | 12/1/24 | 8,011 | 8,228 | ||
Harman International Industries Inc. | 4.150% | 5/15/25 | 6,528 | 6,869 | ||
Hewlett Packard Enterprise Co. | 2.250% | 4/1/23 | 18,839 | 18,953 | ||
Hewlett Packard Enterprise Co. | 4.450% | 10/2/23 | 23,977 | 24,872 | ||
Hewlett Packard Enterprise Co. | 1.450% | 4/1/24 | 19,734 | 19,427 | ||
Hewlett Packard Enterprise Co. | 4.900% | 10/15/25 | 51,091 | 54,869 | ||
Hewlett Packard Enterprise Co. | 1.750% | 4/1/26 | 17,736 | 17,123 | ||
HP Inc. | 2.200% | 6/17/25 | 28,288 | 28,109 | ||
HP Inc. | 1.450% | 6/17/26 | 23,600 | 22,384 | ||
Hubbell Inc. | 3.350% | 3/1/26 | 8,530 | 8,789 | ||
IHS Markit Ltd. | 4.125% | 8/1/23 | 7,760 | 7,983 | ||
IHS Markit Ltd. | 3.625% | 5/1/24 | 6,250 | 6,455 | ||
Intel Corp. | 2.700% | 12/15/22 | 33,030 | 33,433 | ||
Intel Corp. | 2.875% | 5/11/24 | 29,463 | 30,138 | ||
Intel Corp. | 3.400% | 3/25/25 | 35,293 | 36,560 | ||
Intel Corp. | 3.700% | 7/29/25 | 43,748 | 45,790 | ||
Intel Corp. | 2.600% | 5/19/26 | 22,758 | 23,212 | ||
International Business Machines Corp. | 3.375% | 8/1/23 | 36,012 | 36,913 | ||
International Business Machines Corp. | 3.625% | 2/12/24 | 32,236 | 33,344 | ||
International Business Machines Corp. | 3.000% | 5/15/24 | 58,694 | 60,067 | ||
International Business Machines Corp. | 7.000% | 10/30/25 | 9,215 | 10,698 | ||
International Business Machines Corp. | 3.450% | 2/19/26 | 29,279 | 30,545 | ||
International Business Machines Corp. | 3.300% | 5/15/26 | 81,991 | 85,348 | ||
International Business Machines Corp. | 3.300% | 1/27/27 | 10,125 | 10,550 | ||
Intuit Inc. | 0.650% | 7/15/23 | 6,584 | 6,497 | ||
Intuit Inc. | 0.950% | 7/15/25 | 10,612 | 10,172 | ||
1 | J Paul Getty Trust | 0.391% | 1/1/24 | 300 | 294 | |
Jabil Inc. | 1.700% | 4/15/26 | 8,920 | 8,618 | ||
Juniper Networks Inc. | 1.200% | 12/10/25 | 14,886 | 14,226 | ||
KLA Corp. | 4.650% | 11/1/24 | 29,583 | 31,317 | ||
2 | Kyndryl Holdings Inc. | 2.050% | 10/15/26 | 8,550 | 8,067 | |
Lam Research Corp. | 3.800% | 3/15/25 | 10,831 | 11,333 | ||
Lam Research Corp. | 3.750% | 3/15/26 | 17,062 | 18,046 | ||
Legrand France SA | 8.500% | 2/15/25 | 8,705 | 10,243 | ||
Leidos Inc. | 2.950% | 5/15/23 | 12,168 | 12,315 | ||
Leidos Inc. | 3.625% | 5/15/25 | 10,340 | 10,663 | ||
1 | Marvell Technology Inc. | 4.200% | 6/22/23 | 14,587 | 14,996 | |
Microchip Technology Inc. | 4.333% | 6/1/23 | 26,139 | 26,886 | ||
Microchip Technology Inc. | 2.670% | 9/1/23 | 3,376 | 3,408 | ||
Microchip Technology Inc. | 4.250% | 9/1/25 | 22,705 | 23,252 | ||
Micron Technology Inc. | 4.975% | 2/6/26 | 13,210 | 14,268 | ||
Micron Technology Inc. | 4.185% | 2/15/27 | 21,979 | 23,254 | ||
Microsoft Corp. | 2.375% | 5/1/23 | 21,320 | 21,536 | ||
Microsoft Corp. | 2.000% | 8/8/23 | 33,645 | 33,959 | ||
Microsoft Corp. | 3.625% | 12/15/23 | 36,366 | 37,714 | ||
Microsoft Corp. | 2.875% | 2/6/24 | 74,013 | 75,800 | ||
Microsoft Corp. | 2.700% | 2/12/25 | 49,670 | 50,958 | ||
Microsoft Corp. | 3.125% | 11/3/25 | 58,162 | 60,403 | ||
Microsoft Corp. | 2.400% | 8/8/26 | 92,601 | 94,112 | ||
Microsoft Corp. | 3.300% | 2/6/27 | 103,385 | 109,315 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Moody's Corp. | 4.875% | 2/15/24 | 15,484 | 16,238 | ||
Moody's Corp. | 3.750% | 3/24/25 | 12,238 | 12,766 | ||
Motorola Solutions Inc. | 4.000% | 9/1/24 | 13,290 | 13,742 | ||
NetApp Inc. | 3.300% | 9/29/24 | 9,504 | 9,730 | ||
NetApp Inc. | 1.875% | 6/22/25 | 16,592 | 16,264 | ||
NVIDIA Corp. | 0.309% | 6/15/23 | 19,750 | 19,459 | ||
NVIDIA Corp. | 0.584% | 6/14/24 | 11,319 | 11,013 | ||
NVIDIA Corp. | 3.200% | 9/16/26 | 23,894 | 24,936 | ||
2 | NXP BV | 4.875% | 3/1/24 | 25,233 | 26,474 | |
2 | NXP BV | 2.700% | 5/1/25 | 20,225 | 20,345 | |
2 | NXP BV | 5.350% | 3/1/26 | 8,724 | 9,596 | |
2 | NXP BV | 3.875% | 6/18/26 | 18,121 | 18,980 | |
Oracle Corp. | 3.625% | 7/15/23 | 25,125 | 25,765 | ||
Oracle Corp. | 2.400% | 9/15/23 | 62,710 | 63,163 | ||
Oracle Corp. | 3.400% | 7/8/24 | 44,557 | 45,625 | ||
Oracle Corp. | 2.950% | 11/15/24 | 42,876 | 43,491 | ||
Oracle Corp. | 2.500% | 4/1/25 | 83,458 | 83,166 | ||
Oracle Corp. | 2.950% | 5/15/25 | 48,155 | 48,586 | ||
Oracle Corp. | 1.650% | 3/25/26 | 54,487 | 52,187 | ||
Oracle Corp. | 2.650% | 7/15/26 | 60,908 | 60,493 | ||
2 | Qorvo Inc. | 1.750% | 12/15/24 | 7,895 | 7,692 | |
QUALCOMM Inc. | 2.900% | 5/20/24 | 17,831 | 18,216 | ||
QUALCOMM Inc. | 3.450% | 5/20/25 | 33,744 | 35,050 | ||
Quanta Services Inc. | 0.950% | 10/1/24 | 500 | 482 | ||
RELX Capital Inc. | 3.500% | 3/16/23 | 15,467 | 15,730 | ||
Roper Technologies Inc. | 3.650% | 9/15/23 | 12,940 | 13,267 | ||
Roper Technologies Inc. | 2.350% | 9/15/24 | 10,262 | 10,302 | ||
Roper Technologies Inc. | 1.000% | 9/15/25 | 18,461 | 17,562 | ||
Roper Technologies Inc. | 3.850% | 12/15/25 | 5,116 | 5,357 | ||
Roper Technologies Inc. | 3.800% | 12/15/26 | 13,299 | 13,994 | ||
S&P Global Inc. | 4.000% | 6/15/25 | 14,233 | 14,991 | ||
S&P Global Inc. | 2.950% | 1/22/27 | 10,109 | 10,387 | ||
salesforce.com Inc. | 3.250% | 4/11/23 | 24,310 | 24,796 | ||
Skyworks Solutions Inc. | 0.900% | 6/1/23 | 831 | 819 | ||
Skyworks Solutions Inc. | 1.800% | 6/1/26 | 21,597 | 20,634 | ||
2 | TD SYNNEX Corp. | 1.250% | 8/9/24 | 17,225 | 16,714 | |
2 | TD SYNNEX Corp. | 1.750% | 8/9/26 | 14,533 | 13,802 | |
Texas Instruments Inc. | 2.250% | 5/1/23 | 5,625 | 5,664 | ||
Texas Instruments Inc. | 2.625% | 5/15/24 | 13,506 | 13,728 | ||
Texas Instruments Inc. | 1.375% | 3/12/25 | 25,686 | 25,253 | ||
Texas Instruments Inc. | 1.125% | 9/15/26 | 11,200 | 10,776 | ||
TSMC Arizona Corp. | 1.750% | 10/25/26 | 28,550 | 27,667 | ||
Verisk Analytics Inc. | 4.000% | 6/15/25 | 26,196 | 27,251 | ||
VMware Inc. | 0.600% | 8/15/23 | 33,903 | 33,314 | ||
VMware Inc. | 1.000% | 8/15/24 | 8,620 | 8,365 | ||
VMware Inc. | 4.500% | 5/15/25 | 24,700 | 26,154 | ||
VMware Inc. | 1.400% | 8/15/26 | 39,155 | 37,172 | ||
Western Digital Corp. | 4.750% | 2/15/26 | 52,240 | 54,271 | ||
Xilinx Inc. | 2.950% | 6/1/24 | 13,193 | 13,430 | ||
4,502,034 | ||||||
Utilities (4.9%) | ||||||
AEP Transmission Co. LLC | 3.100% | 12/1/26 | 8,830 | 9,054 | ||
AES Corp. | 1.375% | 1/15/26 | 17,001 | 16,142 | ||
1 | Alabama Power Co. | 3.550% | 12/1/23 | 6,949 | 7,144 | |
Ameren Corp. | 2.500% | 9/15/24 | 14,124 | 14,155 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Ameren Corp. | 3.650% | 2/15/26 | 5,759 | 5,995 | ||
Ameren Illinois Co. | 3.250% | 3/1/25 | 5,877 | 6,038 | ||
1 | American Electric Power Co. Inc. | 2.950% | 12/15/22 | 21,153 | 21,359 | |
1 | American Electric Power Co. Inc. | 0.750% | 11/1/23 | 2,000 | 1,959 | |
American Electric Power Co. Inc. | 2.031% | 3/15/24 | 4,250 | 4,239 | ||
1 | American Electric Power Co. Inc. | 1.000% | 11/1/25 | 3,822 | 3,625 | |
American Electric Power Co. Inc. | 3.875% | 2/15/62 | 5,700 | 5,357 | ||
American Water Capital Corp. | 3.850% | 3/1/24 | 5,086 | 5,259 | ||
American Water Capital Corp. | 3.400% | 3/1/25 | 15,292 | 15,750 | ||
Appalachian Power Co. | 3.400% | 6/1/25 | 7,054 | 7,292 | ||
Arizona Public Service Co. | 3.150% | 5/15/25 | 5,214 | 5,314 | ||
Atmos Energy Corp. | 0.625% | 3/9/23 | 14,000 | 13,849 | ||
Avangrid Inc. | 3.150% | 12/1/24 | 14,901 | 15,196 | ||
Avangrid Inc. | 3.200% | 4/15/25 | 15,117 | 15,464 | ||
Baltimore Gas & Electric Co. | 3.350% | 7/1/23 | 7,765 | 7,903 | ||
Baltimore Gas & Electric Co. | 2.400% | 8/15/26 | 7,249 | 7,302 | ||
Berkshire Hathaway Energy Co. | 3.750% | 11/15/23 | 16,013 | 16,500 | ||
Berkshire Hathaway Energy Co. | 3.500% | 2/1/25 | 8,407 | 8,705 | ||
Berkshire Hathaway Energy Co. | 4.050% | 4/15/25 | 21,067 | 22,261 | ||
Black Hills Corp. | 4.250% | 11/30/23 | 8,126 | 8,403 | ||
Black Hills Corp. | 1.037% | 8/23/24 | 12,230 | 11,892 | ||
Black Hills Corp. | 3.950% | 1/15/26 | 8,975 | 9,393 | ||
Black Hills Corp. | 3.150% | 1/15/27 | 4,297 | 4,364 | ||
1 | CenterPoint Energy Houston Electric LLC | 2.400% | 9/1/26 | 9,730 | 9,761 | |
1 | CenterPoint Energy Houston Electric LLC | 3.000% | 2/1/27 | 6,686 | 6,850 | |
CenterPoint Energy Inc. | 3.850% | 2/1/24 | 4,124 | 4,255 | ||
CenterPoint Energy Inc. | 2.500% | 9/1/24 | 14,270 | 14,339 | ||
CenterPoint Energy Inc. | 1.450% | 6/1/26 | 3,843 | 3,694 | ||
Cleco Corporate Holdings LLC | 3.743% | 5/1/26 | 9,755 | 10,148 | ||
Cleveland Electric Illuminating Co. | 5.500% | 8/15/24 | 3,676 | 3,954 | ||
CMS Energy Corp. | 3.000% | 5/15/26 | 12,573 | 12,785 | ||
Commonwealth Edison Co. | 2.550% | 6/15/26 | 5,622 | 5,677 | ||
1 | Connecticut Light & Power Co. | 0.750% | 12/1/25 | 8,668 | ���8,194 | |
1 | Consolidated Edison Inc. | 0.650% | 12/1/23 | 5,000 | 4,897 | |
Constellation Energy Generation LLC | 3.400% | 3/15/22 | 6,040 | 6,046 | ||
Constellation Energy Generation LLC | 3.250% | 6/1/25 | 19,713 | 20,142 | ||
Consumers Energy Co. | 0.350% | 6/1/23 | 4,060 | 4,002 | ||
Consumers Energy Co. | 3.375% | 8/15/23 | 13,522 | 13,799 | ||
Delmarva Power & Light Co. | 3.500% | 11/15/23 | 13,214 | 13,546 | ||
Dominion Energy Inc. | 3.071% | 8/15/24 | 7,360 | 7,499 | ||
1 | Dominion Energy Inc. | 3.300% | 3/15/25 | 8,092 | 8,275 | |
Dominion Energy Inc. | 3.900% | 10/1/25 | 19,282 | 20,143 | ||
1 | Dominion Energy Inc. | 1.450% | 4/15/26 | 27,663 | 26,573 | |
1 | Dominion Energy Inc. | 2.850% | 8/15/26 | 1,222 | 1,237 | |
1 | Dominion Energy Inc. | 5.750% | 10/1/54 | 9,875 | 10,091 | |
DTE Electric Co. | 3.650% | 3/15/24 | 6,931 | 7,144 | ||
DTE Electric Co. | 3.375% | 3/1/25 | 8,899 | 9,182 | ||
1 | DTE Energy Co. | 2.529% | 10/1/24 | 23,655 | 23,792 | |
1 | DTE Energy Co. | 1.050% | 6/1/25 | 25,652 | 24,521 | |
DTE Energy Co. | 2.850% | 10/1/26 | 9,740 | 9,836 | ||
Duke Energy Carolinas LLC | 3.350% | 5/15/22 | 7,644 | 7,678 | ||
Duke Energy Carolinas LLC | 2.500% | 3/15/23 | 12,000 | 12,113 | ||
Duke Energy Carolinas LLC | 3.050% | 3/15/23 | 8,171 | 8,281 | ||
Duke Energy Carolinas LLC | 2.950% | 12/1/26 | 19,402 | 20,043 | ||
Duke Energy Corp. | 3.950% | 10/15/23 | 10,531 | 10,813 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Duke Energy Corp. | 3.750% | 4/15/24 | 22,333 | 23,054 | ||
Duke Energy Corp. | 0.900% | 9/15/25 | 11,251 | 10,680 | ||
Duke Energy Corp. | 2.650% | 9/1/26 | 12,822 | 12,893 | ||
Duke Energy Corp. | 3.250% | 1/15/82 | 13,000 | 11,901 | ||
Duke Energy Florida LLC | 3.200% | 1/15/27 | 22,188 | 22,929 | ||
Duke Energy Ohio Inc. | 3.800% | 9/1/23 | 9,389 | 9,617 | ||
Duke Energy Progress LLC | 2.800% | 5/15/22 | 12,741 | 12,762 | ||
Duke Energy Progress LLC | 3.375% | 9/1/23 | 6,965 | 7,133 | ||
Duke Energy Progress LLC | 3.250% | 8/15/25 | 7,398 | 7,635 | ||
Eastern Energy Gas Holdings LLC | 3.550% | 11/1/23 | 6,840 | 6,994 | ||
1 | Eastern Energy Gas Holdings LLC | 2.500% | 11/15/24 | 6,526 | 6,540 | |
Eastern Energy Gas Holdings LLC | 3.600% | 12/15/24 | 7,814 | 8,066 | ||
Edison International | 3.125% | 11/15/22 | 5,451 | 5,499 | ||
Edison International | 2.950% | 3/15/23 | 6,197 | 6,242 | ||
Edison International | 3.550% | 11/15/24 | 8,011 | 8,197 | ||
Edison International | 4.950% | 4/15/25 | 5,263 | 5,570 | ||
Emera US Finance LP | 3.550% | 6/15/26 | 23,116 | 23,855 | ||
Enel Americas SA | 4.000% | 10/25/26 | 13,071 | 13,466 | ||
Enel Generacion Chile SA | 4.250% | 4/15/24 | 5,915 | 6,007 | ||
Entergy Arkansas LLC | 3.700% | 6/1/24 | 7,215 | 7,446 | ||
Entergy Arkansas LLC | 3.500% | 4/1/26 | 14,316 | 14,880 | ||
Entergy Corp. | 0.900% | 9/15/25 | 20,754 | 19,627 | ||
Entergy Corp. | 2.950% | 9/1/26 | 28,149 | 28,508 | ||
Entergy Gulf States Louisiana LLC | 5.590% | 10/1/24 | 5,277 | 5,683 | ||
Entergy Louisiana LLC | 4.050% | 9/1/23 | 12,424 | 12,754 | ||
Entergy Louisiana LLC | 0.620% | 11/17/23 | 9,800 | 9,615 | ||
Entergy Louisiana LLC | 0.950% | 10/1/24 | 15,005 | 14,585 | ||
Entergy Louisiana LLC | 5.400% | 11/1/24 | 8,018 | 8,683 | ||
Entergy Louisiana LLC | 2.400% | 10/1/26 | 11,937 | 11,843 | ||
Evergy Inc. | 2.450% | 9/15/24 | 21,433 | 21,413 | ||
Evergy Kansas Central Inc. | 2.550% | 7/1/26 | 14,445 | 14,568 | ||
Evergy Metro Inc. | 3.150% | 3/15/23 | 6,672 | 6,736 | ||
Evergy Metro Inc. | 3.650% | 8/15/25 | 1,187 | 1,233 | ||
Eversource Energy | 2.800% | 5/1/23 | 7,355 | 7,421 | ||
1 | Eversource Energy | 3.800% | 12/1/23 | 9,220 | 9,477 | |
1 | Eversource Energy | 2.900% | 10/1/24 | 7,075 | 7,179 | |
1 | Eversource Energy | 3.150% | 1/15/25 | 7,469 | 7,614 | |
1 | Eversource Energy | 0.800% | 8/15/25 | 7,336 | 6,928 | |
1 | Eversource Energy | 1.400% | 8/15/26 | 2,622 | 2,496 | |
1 | Exelon Corp. | 3.950% | 6/15/25 | 21,361 | 22,222 | |
Exelon Corp. | 3.400% | 4/15/26 | 20,093 | 20,739 | ||
Florida Power & Light Co. | 2.750% | 6/1/23 | 5,118 | 5,166 | ||
Florida Power & Light Co. | 3.250% | 6/1/24 | 13,775 | 14,122 | ||
Florida Power & Light Co. | 2.850% | 4/1/25 | 26,704 | 27,268 | ||
Florida Power & Light Co. | 3.125% | 12/1/25 | 13,212 | 13,612 | ||
Fortis Inc. | 3.055% | 10/4/26 | 20,815 | 21,015 | ||
1 | Georgia Power Co. | 2.100% | 7/30/23 | 32,844 | 32,984 | |
1 | Georgia Power Co. | 2.200% | 9/15/24 | 10,290 | 10,264 | |
Georgia Power Co. | 3.250% | 4/1/26 | 8,965 | 9,207 | ||
Iberdrola International BV | 5.810% | 3/15/25 | 2,796 | 3,089 | ||
Interstate Power & Light Co. | 3.250% | 12/1/24 | 11,117 | 11,373 | ||
IPALCO Enterprises Inc. | 3.700% | 9/1/24 | 10,154 | 10,438 | ||
ITC Holdings Corp. | 3.650% | 6/15/24 | 8,957 | 9,189 | ||
ITC Holdings Corp. | 3.250% | 6/30/26 | 8,914 | 9,152 | ||
1 | Louisville Gas & Electric Co. | 3.300% | 10/1/25 | 3,466 | 3,572 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
MidAmerican Energy Co. | 3.500% | 10/15/24 | 17,014 | 17,653 | ||
National Fuel Gas Co. | 3.750% | 3/1/23 | 6,876 | 6,968 | ||
National Fuel Gas Co. | 5.200% | 7/15/25 | 11,752 | 12,529 | ||
National Fuel Gas Co. | 5.500% | 1/15/26 | 12,407 | 13,452 | ||
National Rural Utilities Cooperative Finance Corp. | 3.400% | 11/15/23 | 12,543 | 12,830 | ||
National Rural Utilities Cooperative Finance Corp. | 2.950% | 2/7/24 | 17,503 | 17,815 | ||
National Rural Utilities Cooperative Finance Corp. | 0.350% | 2/8/24 | 12,128 | 11,779 | ||
National Rural Utilities Cooperative Finance Corp. | 2.850% | 1/27/25 | 14,954 | 15,236 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 3.250% | 11/1/25 | 12,563 | 12,937 | |
National Rural Utilities Cooperative Finance Corp. | 1.000% | 6/15/26 | 6,922 | 6,543 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 4.750% | 4/30/43 | 10,020 | 9,845 | |
1 | National Rural Utilities Cooperative Finance Corp. | 5.250% | 4/20/46 | 5,350 | 5,529 | |
NextEra Energy Capital Holdings Inc. | 0.650% | 3/1/23 | 36,794 | 36,438 | ||
NextEra Energy Capital Holdings Inc. | 1.875% | 1/15/27 | 6,275 | 6,076 | ||
NiSource Inc. | 0.950% | 8/15/25 | 33,363 | 31,548 | ||
Northern States Power Co. | 2.600% | 5/15/23 | 13,615 | 13,707 | ||
1 | OGE Energy Corp. | 0.703% | 5/26/23 | 2,050 | 2,022 | |
Oncor Electric Delivery Co. LLC | 2.750% | 6/1/24 | 12,250 | 12,440 | ||
Oncor Electric Delivery Co. LLC | 2.950% | 4/1/25 | 6,645 | 6,778 | ||
Oncor Electric Delivery Co. LLC | 0.550% | 10/1/25 | 8,725 | 8,192 | ||
ONE Gas Inc. | 0.850% | 3/11/23 | 17,077 | 16,933 | ||
ONE Gas Inc. | 3.610% | 2/1/24 | 16,936 | 17,343 | ||
ONE Gas Inc. | 1.100% | 3/11/24 | 7,825 | 7,650 | ||
Pacific Gas & Electric Co. | 1.367% | 3/10/23 | 27,650 | 27,433 | ||
Pacific Gas & Electric Co. | 4.250% | 8/1/23 | 10,458 | 10,675 | ||
Pacific Gas & Electric Co. | 1.700% | 11/15/23 | 10,805 | 10,641 | ||
Pacific Gas & Electric Co. | 3.850% | 11/15/23 | 21,325 | 21,652 | ||
Pacific Gas & Electric Co. | 3.750% | 2/15/24 | 7,883 | 8,008 | ||
Pacific Gas & Electric Co. | 3.500% | 6/15/25 | 16,454 | 16,623 | ||
Pacific Gas & Electric Co. | 3.450% | 7/1/25 | 26,520 | 26,699 | ||
Pacific Gas & Electric Co. | 3.150% | 1/1/26 | 65,066 | 64,795 | ||
PacifiCorp | 2.950% | 6/1/23 | 5,232 | 5,307 | ||
PacifiCorp | 3.600% | 4/1/24 | 4,769 | 4,918 | ||
PECO Energy Co. | 3.150% | 10/15/25 | 724 | 745 | ||
Pinnacle West Capital Corp. | 1.300% | 6/15/25 | 11,580 | 11,114 | ||
Potomac Electric Power Co. | 3.600% | 3/15/24 | 4,811 | 4,957 | ||
PPL Capital Funding Inc. | 3.100% | 5/15/26 | 20,590 | 20,985 | ||
Public Service Co. of New Hampshire | 3.500% | 11/1/23 | 11,598 | 11,862 | ||
1 | Public Service Electric & Gas Co. | 2.375% | 5/15/23 | 10,272 | 10,352 | |
1 | Public Service Electric & Gas Co. | 3.250% | 9/1/23 | 3,149 | 3,213 | |
1 | Public Service Electric & Gas Co. | 3.000% | 5/15/25 | 4,686 | 4,779 | |
1 | Public Service Electric & Gas Co. | 0.950% | 3/15/26 | 7,715 | 7,366 | |
1 | Public Service Electric & Gas Co. | 2.250% | 9/15/26 | 15,050 | 15,015 | |
Public Service Enterprise Group Inc. | 0.841% | 11/8/23 | 12,620 | 12,385 | ||
Public Service Enterprise Group Inc. | 2.875% | 6/15/24 | 25,263 | 25,616 | ||
Public Service Enterprise Group Inc. | 0.800% | 8/15/25 | 13,107 | 12,393 | ||
Puget Energy Inc. | 3.650% | 5/15/25 | 9,438 | 9,756 | ||
1 | San Diego Gas & Electric Co. | 3.600% | 9/1/23 | 6,109 | 6,241 | |
San Diego Gas & Electric Co. | 2.500% | 5/15/26 | 7,444 | 7,512 | ||
Sierra Pacific Power Co. | 2.600% | 5/1/26 | 19,158 | 19,369 | ||
Southern California Edison Co. | 0.700% | 4/3/23 | 9,400 | 9,298 | ||
1 | Southern California Edison Co. | 3.400% | 6/1/23 | 10,005 | 10,143 | |
1 | Southern California Edison Co. | 0.700% | 8/1/23 | 2,445 | 2,408 | |
1 | Southern California Edison Co. | 3.500% | 10/1/23 | 10,441 | 10,670 | |
Southern California Edison Co. | 1.100% | 4/1/24 | 18,044 | 17,662 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Southern California Edison Co. | 0.975% | 8/1/24 | 3,525 | 3,429 | |
1 | Southern California Edison Co. | 3.700% | 8/1/25 | 20,466 | 21,214 | |
1 | Southern California Edison Co. | 1.200% | 2/1/26 | 20,035 | 19,062 | |
Southern California Gas Co. | 3.150% | 9/15/24 | 10,295 | 10,550 | ||
Southern California Gas Co. | 3.200% | 6/15/25 | 3,498 | 3,593 | ||
1 | Southern California Gas Co. | 2.600% | 6/15/26 | 10,012 | 10,116 | |
Southern Co. | 2.950% | 7/1/23 | 17,137 | 17,354 | ||
1 | Southern Co. | 0.600% | 2/26/24 | 1,915 | 1,860 | |
Southern Co. | 3.250% | 7/1/26 | 35,048 | 35,833 | ||
1 | Southern Co. | 4.000% | 1/15/51 | 23,625 | 22,698 | |
1 | Southern Co. | 3.750% | 9/15/51 | 16,432 | 15,272 | |
Southern Co. Gas Capital Corp. | 2.450% | 10/1/23 | 17,841 | 18,002 | ||
Southern Co. Gas Capital Corp. | 3.250% | 6/15/26 | 9,011 | 9,255 | ||
Southern Power Co. | 4.150% | 12/1/25 | 19,166 | 20,274 | ||
Southern Power Co. | 0.900% | 1/15/26 | 6,150 | 5,802 | ||
1 | Southwestern Electric Power Co. | 1.650% | 3/15/26 | 26,094 | 25,252 | |
1 | Southwestern Electric Power Co. | 2.750% | 10/1/26 | 7,034 | 7,133 | |
Southwestern Public Service Co. | 3.300% | 6/15/24 | 4,943 | 5,052 | ||
Tucson Electric Power Co. | 3.050% | 3/15/25 | 7,911 | 8,059 | ||
Union Electric Co. | 3.500% | 4/15/24 | 7,108 | 7,332 | ||
1 | Virginia Electric & Power Co. | 2.750% | 3/15/23 | 28,330 | 28,609 | |
Virginia Electric & Power Co. | 3.450% | 2/15/24 | 8,141 | 8,356 | ||
1 | Virginia Electric & Power Co. | 3.100% | 5/15/25 | 2,599 | 2,659 | |
1 | Virginia Electric & Power Co. | 3.150% | 1/15/26 | 33,012 | 33,891 | |
1 | Virginia Electric & Power Co. | 2.950% | 11/15/26 | 2,815 | 2,869 | |
WEC Energy Group Inc. | 0.550% | 9/15/23 | 12,621 | 12,376 | ||
WEC Energy Group Inc. | 0.800% | 3/15/24 | 9,703 | 9,469 | ||
WEC Energy Group Inc. | 3.550% | 6/15/25 | 3,178 | 3,269 | ||
Wisconsin Electric Power Co. | 2.050% | 12/15/24 | 10,232 | 10,229 | ||
Xcel Energy Inc. | 0.500% | 10/15/23 | 11,996 | 11,746 | ||
Xcel Energy Inc. | 3.300% | 6/1/25 | 14,357 | 14,674 | ||
Xcel Energy Inc. | 3.350% | 12/1/26 | 15,798 | 16,340 | ||
2,424,829 | ||||||
Total Corporate Bonds (Cost $50,205,828) | 49,055,164 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (0.3%) | ||||||
Money Market Fund (0.3%) | ||||||
5 | Vanguard Market Liquidity Fund (Cost $153,960) | 0.138% | 1,539,830 | 153,968 | ||
Total Investments (99.6%) (Cost $50,543,020) | 49,392,570 | |||||
Other Assets and Liabilities—Net (0.4%) | 221,785 | |||||
Net Assets (100%) | 49,614,355 |
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 February 28, 2022, the aggregate value was $407,249,000, representing 0.8% of net assets. |
3 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2022. |
4 | Securities with a value of $482,000 have been segregated as initial margin for open futures contracts. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
5-Year U.S. Treasury Note | June 2022 | 1,196 | 141,464 | 93 |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $50,389,060) | 49,238,602 |
Affiliated Issuers (Cost $153,960) | 153,968 |
Total Investments in Securities | 49,392,570 |
Investment in Vanguard | 1,629 |
Cash | 5,759 |
Cash Collateral Received for ETF Capital Activity | 29,815 |
Receivables for Investment Securities Sold | 892,886 |
Receivables for Accrued Income | 383,965 |
Receivables for Capital Shares Issued | 17,157 |
Variation Margin Receivable—Futures Contracts | 259 |
Total Assets | 50,724,040 |
Liabilities | |
Payables for Investment Securities Purchased | 1,069,080 |
Collateral for ETF Capital Activity | 29,815 |
Payables for Capital Shares Redeemed | 8,609 |
Payables for Distributions | 1,409 |
Payables to Vanguard | 772 |
Total Liabilities | 1,109,685 |
Net Assets | 49,614,355 |
Statement of Assets and Liabilities (continued) | |
At February 28, 2022, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 50,639,337 |
Total Distributable Earnings (Loss) | (1,024,982) |
Net Assets | 49,614,355 |
ETF Shares—Net Assets | |
Applicable to 531,079,822 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 42,248,817 |
Net Asset Value Per Share—ETF Shares | $79.55 |
Admiral Shares—Net Assets | |
Applicable to 236,736,440 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 5,123,242 |
Net Asset Value Per Share—Admiral Shares | $21.64 |
Institutional Shares—Net Assets | |
Applicable to 84,641,623 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,242,296 |
Net Asset Value Per Share—Institutional Shares | $26.49 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Interest1,2 | 375,650 |
Total Income | 375,650 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 475 |
Management and Administrative—ETF Shares | 6,703 |
Management and Administrative—Admiral Shares | 1,592 |
Management and Administrative—Institutional Shares | 476 |
Marketing and Distribution—ETF Shares | 785 |
Marketing and Distribution—Admiral Shares | 169 |
Marketing and Distribution—Institutional Shares | 61 |
Custodian Fees | 65 |
Shareholders’ Reports—ETF Shares | 362 |
Shareholders’ Reports—Admiral Shares | 36 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 13 |
Other Expenses | 10 |
Total Expenses | 10,748 |
Net Investment Income | 364,902 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 108,604 |
Futures Contracts | (3,563) |
Realized Net Gain (Loss) | 105,041 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (1,890,938) |
Futures Contracts | (54) |
Change in Unrealized Appreciation (Depreciation) | (1,890,992) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (1,421,049) |
1 | Interest is net of foreign withholding taxes of $91,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $91,000, ($55,000), $16,000, and $8,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $65,753,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 364,902 | 765,496 | |
Realized Net Gain (Loss) | 105,041 | 444,696 | |
Change in Unrealized Appreciation (Depreciation) | (1,890,992) | (584,977) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (1,421,049) | 625,215 | |
Distributions | |||
ETF Shares | (407,839) | (645,913) | |
Admiral Shares | (50,319) | (85,363) | |
Institutional Shares | (21,729) | (33,937) | |
Total Distributions | (479,887) | (765,213) | |
Capital Share Transactions | |||
ETF Shares | 2,290,207 | 9,889,691 | |
Admiral Shares | (107,708) | 746,963 | |
Institutional Shares | 71,583 | 603,699 | |
Net Increase (Decrease) from Capital Share Transactions | 2,254,082 | 11,240,353 | |
Total Increase (Decrease) | 353,146 | 11,100,355 | |
Net Assets | |||
Beginning of Period | 49,261,209 | 38,160,854 | |
End of Period | 49,614,355 | 49,261,209 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $82.67 | $82.95 | $81.18 | $78.32 | $80.25 | $80.52 |
Investment Operations | ||||||
Net Investment Income1 | .600 | 1.433 | 2.127 | 2.311 | 1.950 | 1.768 |
Net Realized and Unrealized Gain (Loss) on Investments | (2.926) | (.250) | 1.815 | 2.826 | (1.953) | (.317) |
Total from Investment Operations | (2.326) | 1.183 | 3.942 | 5.137 | (.003) | 1.451 |
Distributions | ||||||
Dividends from Net Investment Income | (.612) | (1.463) | (2.172) | (2.277) | (1.927) | (1.721) |
Distributions from Realized Capital Gains | (.182) | — | — | — | — | — |
Total Distributions | (.794) | (1.463) | (2.172) | (2.277) | (1.927) | (1.721) |
Net Asset Value, End of Period | $79.55 | $82.67 | $82.95 | $81.18 | $78.32 | $80.25 |
Total Return | -2.83% | 1.44% | 4.95% | 6.68% | 0.01% | 1.84% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $42,249 | $41,569 | $31,797 | $24,537 | $21,511 | $20,862 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.04% | 0.05% | 0.05% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.49% | 1.73% | 2.62% | 2.92% | 2.48% | 2.21% |
Portfolio Turnover Rate2 | 23% | 42% | 56% | 51% | 56% | 66% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $22.49 | $22.55 | $22.06 | $21.28 | $21.81 | $21.89 |
Investment Operations | ||||||
Net Investment Income1 | .160 | .385 | .578 | .625 | .532 | .481 |
Net Realized and Unrealized Gain (Loss) on Investments | (.800) | (.063) | .485 | .777 | (.531) | (.088) |
Total from Investment Operations | (.640) | .322 | 1.063 | 1.402 | .001 | .393 |
Distributions | ||||||
Dividends from Net Investment Income | (.160) | (.382) | (.573) | (.622) | (.531) | (.473) |
Distributions from Realized Capital Gains | (.050) | — | — | — | — | — |
Total Distributions | (.210) | (.382) | (.573) | (.622) | (.531) | (.473) |
Net Asset Value, End of Period | $21.64 | $22.49 | $22.55 | $22.06 | $21.28 | $21.81 |
Total Return2 | -2.87% | 1.44% | 4.90% | 6.70% | 0.02% | 1.83% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $5,123 | $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% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.46% | 1.71% | 2.61% | 2.90% | 2.48% | 2.21% |
Portfolio Turnover Rate3 | 23% | 42% | 56% | 51% | 56% | 66% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $27.53 | $27.61 | $27.00 | $26.06 | $26.70 | $26.80 |
Investment Operations | ||||||
Net Investment Income1 | .199 | .473 | .713 | .768 | .656 | .594 |
Net Realized and Unrealized Gain (Loss) on Investments | (.980) | (.080) | .604 | .939 | (.641) | (.111) |
Total from Investment Operations | (.781) | .393 | 1.317 | 1.707 | .015 | .483 |
Distributions | ||||||
Dividends from Net Investment Income | (.198) | (.473) | (.707) | (.767) | (.655) | (.583) |
Distributions from Realized Capital Gains | (.061) | — | — | — | — | — |
Total Distributions | (.259) | (.473) | (.707) | (.767) | (.655) | (.583) |
Net Asset Value, End of Period | $26.49 | $27.53 | $27.61 | $27.00 | $26.06 | $26.70 |
Total Return | -2.85% | 1.44% | 4.96% | 6.66% | 0.07% | 1.84% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,242 | $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% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 1.48% | 1.72% | 2.63% | 2.92% | 2.50% | 2.23% |
Portfolio Turnover Rate2 | 23% | 42% | 56% | 51% | 56% | 66% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 183,438 | — | 183,438 |
Corporate Bonds | — | 49,055,164 | — | 49,055,164 |
Temporary Cash Investments | 153,968 | — | — | 153,968 |
Total | 153,968 | 49,238,602 | — | 49,392,570 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 93 | — | — | 93 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 50,548,086 |
Gross Unrealized Appreciation | 103,353 |
Gross Unrealized Depreciation | (1,258,776) |
Net Unrealized Appreciation (Depreciation) | (1,155,423) |
E. | During the six months ended February 28, 2022, the fund purchased $15,582,793,000 of investment securities and sold $13,285,043,000 of investment securities, other than U.S. government securities and temporary cash investments. Purchases and sales of U.S. government securities were $3,702,411,000 and $3,539,011,000, respectively. Purchases and sales include $7,879,815,000 and $5,664,559,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 8,076,742 | 99,680 | 15,422,692 | 186,381 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (5,786,535) | (71,400) | (5,533,001) | (66,900) | |
Net Increase (Decrease)—ETF Shares | 2,290,207 | 28,280 | 9,889,691 | 119,481 | |
Admiral Shares | |||||
Issued | 851,864 | 38,444 | 2,599,871 | 115,389 | |
Issued in Lieu of Cash Distributions | 40,457 | 1,831 | 66,646 | 2,960 | |
Redeemed | (1,000,029) | (45,211) | (1,919,554) | (85,219) | |
Net Increase (Decrease)—Admiral Shares | (107,708) | (4,936) | 746,963 | 33,130 | |
Institutional Shares | |||||
Issued | 343,459 | 12,689 | 991,645 | 35,943 | |
Issued in Lieu of Cash Distributions | 20,415 | 755 | 30,224 | 1,097 | |
Redeemed | (292,291) | (10,816) | (418,170) | (15,180) | |
Net Increase (Decrease)—Institutional Shares | 71,583 | 2,628 | 603,699 | 21,860 |
G. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
Corporate Bonds – Communications | 8.1% |
Corporate Bonds – Consumer Discretionary | 6.5 |
Corporate Bonds – Consumer Staples | 6.7 |
Corporate Bonds – Energy | 6.9 |
Corporate Bonds – Financials | 29.2 |
Corporate Bonds – Health Care | 8.7 |
Corporate Bonds – Industrials | 6.9 |
Corporate Bonds – Materials | 3.1 |
Corporate Bonds – Real Estate | 7.1 |
Corporate Bonds – Technology | 8.6 |
Corporate Bonds – Utilities | 7.1 |
U.S. Government and Agency Obligations | 1.1 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (1.1%) | ||||||
U.S. Government Securities (1.1%) | ||||||
United States Treasury Note/Bond | 1.500% | 1/31/27 | 57,775 | 57,107 | ||
United States Treasury Note/Bond | 1.875% | 2/28/27 | 76,170 | 76,694 | ||
United States Treasury Note/Bond | 1.875% | 2/15/32 | 385,640 | 387,146 | ||
Total U.S. Government and Agency Obligations (Cost $520,025) | 520,947 | |||||
Corporate Bonds (98.0%) | ||||||
Communications (8.1%) | ||||||
Activision Blizzard Inc. | 3.400% | 6/15/27 | 11,960 | 12,522 | ||
Activision Blizzard Inc. | 1.350% | 9/15/30 | 10,497 | 9,350 | ||
Alphabet Inc. | 0.800% | 8/15/27 | 22,769 | 21,222 | ||
Alphabet Inc. | 1.100% | 8/15/30 | 55,972 | 50,704 | ||
America Movil SAB de CV | 3.625% | 4/22/29 | 25,789 | 26,623 | ||
America Movil SAB de CV | 2.875% | 5/7/30 | 28,398 | 27,851 | ||
AT&T Inc. | 4.250% | 3/1/27 | 37,504 | 40,415 | ||
AT&T Inc. | 2.300% | 6/1/27 | 66,865 | 65,962 | ||
AT&T Inc. | 1.650% | 2/1/28 | 46,668 | 44,088 | ||
1 | AT&T Inc. | 4.100% | 2/15/28 | 47,931 | 51,440 | |
AT&T Inc. | 4.350% | 3/1/29 | 82,966 | 90,403 | ||
1 | AT&T Inc. | 4.300% | 2/15/30 | 82,749 | 90,102 | |
AT&T Inc. | 2.750% | 6/1/31 | 38,945 | 37,893 | ||
AT&T Inc. | 2.250% | 2/1/32 | 30,000 | 27,701 | ||
AT&T Inc. | 2.550% | 12/1/33 | 35,000 | 32,465 | ||
Baidu Inc. | 3.625% | 7/6/27 | 19,150 | 19,739 | ||
Baidu Inc. | 4.375% | 3/29/28 | 10,335 | 11,006 | ||
Baidu Inc. | 4.875% | 11/14/28 | 18,350 | 20,200 | ||
Baidu Inc. | 3.425% | 4/7/30 | 11,609 | 11,755 | ||
Baidu Inc. | 2.375% | 10/9/30 | 4,800 | 4,484 | ||
Baidu Inc. | 2.375% | 8/23/31 | 18,130 | 16,704 | ||
Booking Holdings Inc. | 3.550% | 3/15/28 | 17,918 | 18,841 | ||
Booking Holdings Inc. | 4.625% | 4/13/30 | 43,433 | 48,615 | ||
British Telecommunications plc | 5.125% | 12/4/28 | 12,198 | 13,208 | ||
British Telecommunications plc | 9.625% | 12/15/30 | 63,477 | 88,880 | ||
Charter Communications Operating LLC | 3.750% | 2/15/28 | 38,490 | 39,418 | ||
Charter Communications Operating LLC | 4.200% | 3/15/28 | 43,070 | 45,048 | ||
Charter Communications Operating LLC | 2.250% | 1/15/29 | 31,445 | 29,227 | ||
Charter Communications Operating LLC | 5.050% | 3/30/29 | 33,792 | 36,852 | ||
Charter Communications Operating LLC | 2.800% | 4/1/31 | 43,497 | 40,616 | ||
Charter Communications Operating LLC | 2.300% | 2/1/32 | 13,242 | 11,774 | ||
Comcast Corp. | 3.300% | 4/1/27 | 21,706 | 22,553 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Comcast Corp. | 3.150% | 2/15/28 | 42,026 | 43,194 | ||
Comcast Corp. | 3.550% | 5/1/28 | 17,815 | 18,669 | ||
Comcast Corp. | 4.150% | 10/15/28 | 102,925 | 111,495 | ||
Comcast Corp. | 2.650% | 2/1/30 | 55,982 | 55,253 | ||
Comcast Corp. | 3.400% | 4/1/30 | 49,471 | 51,439 | ||
Comcast Corp. | 4.250% | 10/15/30 | 38,530 | 42,337 | ||
Comcast Corp. | 1.950% | 1/15/31 | 39,757 | 37,010 | ||
Comcast Corp. | 1.500% | 2/15/31 | 46,759 | 41,884 | ||
Deutsche Telekom International Finance BV | 8.750% | 6/15/30 | 97,909 | 135,641 | ||
Discovery Communications LLC | 3.950% | 3/20/28 | 49,817 | 51,425 | ||
Discovery Communications LLC | 4.125% | 5/15/29 | 24,734 | 25,860 | ||
Discovery Communications LLC | 3.625% | 5/15/30 | 26,251 | 26,344 | ||
Electronic Arts Inc. | 1.850% | 2/15/31 | 19,080 | 17,437 | ||
Expedia Group Inc. | 4.625% | 8/1/27 | 25,620 | 27,417 | ||
Expedia Group Inc. | 3.800% | 2/15/28 | 24,368 | 25,062 | ||
Expedia Group Inc. | 3.250% | 2/15/30 | 31,630 | 31,239 | ||
Expedia Group Inc. | 2.950% | 3/15/31 | 28,681 | 27,482 | ||
2 | FactSet Research Systems Inc. | 2.900% | 3/1/27 | 9,000 | 9,057 | |
Fox Corp. | 4.709% | 1/25/29 | 56,726 | 61,993 | ||
Fox Corp. | 3.500% | 4/8/30 | 17,401 | 17,772 | ||
Interpublic Group of Cos. Inc. | 4.650% | 10/1/28 | 7,585 | 8,319 | ||
Interpublic Group of Cos. Inc. | 4.750% | 3/30/30 | 21,263 | 23,582 | ||
Interpublic Group of Cos. Inc. | 2.400% | 3/1/31 | 15,095 | 14,315 | ||
Koninklijke KPN NV | 8.375% | 10/1/30 | 15,414 | 20,721 | ||
Omnicom Group Inc. | 2.450% | 4/30/30 | 15,990 | 15,352 | ||
Omnicom Group Inc. | 4.200% | 6/1/30 | 16,808 | 18,199 | ||
Omnicom Group Inc. | 2.600% | 8/1/31 | 22,690 | 21,822 | ||
Orange SA | 9.000% | 3/1/31 | 60,813 | 87,040 | ||
Paramount Global | 3.375% | 2/15/28 | 13,051 | 13,327 | ||
Paramount Global | 3.700% | 6/1/28 | 19,823 | 20,512 | ||
Paramount Global | 4.200% | 6/1/29 | 19,721 | 20,738 | ||
Paramount Global | 7.875% | 7/30/30 | 16,880 | 22,022 | ||
Paramount Global | 4.950% | 1/15/31 | 39,447 | 43,588 | ||
TCI Communications Inc. | 7.125% | 2/15/28 | 9,715 | 12,055 | ||
Telefonica Emisiones SA | 4.103% | 3/8/27 | 44,166 | 46,649 | ||
Telefonica Europe BV | 8.250% | 9/15/30 | 26,949 | 36,171 | ||
TELUS Corp. | 3.700% | 9/15/27 | 6,036 | 6,355 | ||
Tencent Music Entertainment Group | 2.000% | 9/3/30 | 13,090 | 11,730 | ||
T-Mobile USA Inc. | 3.750% | 4/15/27 | 101,510 | 105,435 | ||
T-Mobile USA Inc. | 2.050% | 2/15/28 | 49,706 | 47,327 | ||
3 | T-Mobile USA Inc. | 2.400% | 3/15/29 | 9,000 | 8,550 | |
T-Mobile USA Inc. | 3.875% | 4/15/30 | 179,015 | 185,069 | ||
T-Mobile USA Inc. | 2.550% | 2/15/31 | 69,629 | 65,107 | ||
T-Mobile USA Inc. | 2.250% | 11/15/31 | 16,376 | 14,860 | ||
1 | TWDC Enterprises 18 Corp. | 2.950% | 6/15/27 | 19,939 | 20,405 | |
VeriSign Inc. | 2.700% | 6/15/31 | 22,100 | 20,634 | ||
Verizon Communications Inc. | 4.125% | 3/16/27 | 69,982 | 74,989 | ||
Verizon Communications Inc. | 3.000% | 3/22/27 | 27,821 | 28,325 | ||
Verizon Communications Inc. | 2.100% | 3/22/28 | 84,259 | 81,408 | ||
Verizon Communications Inc. | 4.329% | 9/21/28 | 110,803 | 120,791 | ||
Verizon Communications Inc. | 3.875% | 2/8/29 | 21,380 | 22,734 | ||
Verizon Communications Inc. | 4.016% | 12/3/29 | 100,491 | 107,725 | ||
Verizon Communications Inc. | 3.150% | 3/22/30 | 43,767 | 44,260 | ||
Verizon Communications Inc. | 1.500% | 9/18/30 | 24,186 | 21,558 | ||
Verizon Communications Inc. | 1.680% | 10/30/30 | 39,216 | 35,242 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Verizon Communications Inc. | 7.750% | 12/1/30 | 1,855 | 2,513 | ||
Verizon Communications Inc. | 1.750% | 1/20/31 | 60,401 | 54,317 | ||
Verizon Communications Inc. | 2.550% | 3/21/31 | 129,781 | 124,524 | ||
Vodafone Group plc | 4.375% | 5/30/28 | 83,537 | 90,366 | ||
Vodafone Group plc | 7.875% | 2/15/30 | 12,461 | 16,530 | ||
Walt Disney Co. | 3.700% | 3/23/27 | 12,774 | 13,547 | ||
Walt Disney Co. | 2.200% | 1/13/28 | 30,541 | 29,928 | ||
Walt Disney Co. | 2.000% | 9/1/29 | 50,299 | 47,970 | ||
Walt Disney Co. | 3.800% | 3/22/30 | 35,761 | 38,376 | ||
Walt Disney Co. | 2.650% | 1/13/31 | 65,622 | 64,980 | ||
Weibo Corp. | 3.375% | 7/8/30 | 19,610 | 18,273 | ||
WPP Finance 2010 | 3.750% | 9/19/24 | 1 | — | ||
3,913,911 | ||||||
Consumer Discretionary (6.4%) | ||||||
Advance Auto Parts Inc. | 1.750% | 10/1/27 | 6,588 | 6,184 | ||
Advance Auto Parts Inc. | 3.900% | 4/15/30 | 15,456 | 16,013 | ||
Alibaba Group Holding Ltd. | 3.400% | 12/6/27 | 67,591 | 68,594 | ||
Alibaba Group Holding Ltd. | 2.125% | 2/9/31 | 38,478 | 34,663 | ||
Amazon.com Inc. | 1.200% | 6/3/27 | 46,606 | 44,316 | ||
Amazon.com Inc. | 3.150% | 8/22/27 | 82,769 | 86,558 | ||
Amazon.com Inc. | 1.650% | 5/12/28 | 59,415 | 57,126 | ||
Amazon.com Inc. | 1.500% | 6/3/30 | 45,006 | 41,714 | ||
Amazon.com Inc. | 2.100% | 5/12/31 | 81,760 | 78,690 | ||
1 | American Honda Finance Corp. | 3.500% | 2/15/28 | 6,796 | 7,125 | |
1 | American Honda Finance Corp. | 2.000% | 3/24/28 | 27,060 | 26,120 | |
1 | American Honda Finance Corp. | 2.250% | 1/12/29 | 8,940 | 8,679 | |
1 | American Honda Finance Corp. | 1.800% | 1/13/31 | 11,975 | 11,034 | |
Aptiv plc | 4.350% | 3/15/29 | 6,390 | 6,876 | ||
Aptiv plc | 3.250% | 3/1/32 | 5,000 | 5,015 | ||
AutoNation Inc. | 3.800% | 11/15/27 | 13,888 | 14,396 | ||
AutoNation Inc. | 4.750% | 6/1/30 | 12,190 | 13,149 | ||
AutoNation Inc. | 2.400% | 8/1/31 | 16,795 | 15,196 | ||
AutoZone Inc. | 3.750% | 6/1/27 | 13,207 | 13,924 | ||
AutoZone Inc. | 3.750% | 4/18/29 | 22,498 | 23,501 | ||
AutoZone Inc. | 4.000% | 4/15/30 | 19,090 | 20,242 | ||
AutoZone Inc. | 1.650% | 1/15/31 | 15,990 | 14,186 | ||
Best Buy Co. Inc. | 4.450% | 10/1/28 | 11,434 | 12,323 | ||
Best Buy Co. Inc. | 1.950% | 10/1/30 | 14,506 | 13,237 | ||
Block Financial LLC | 2.500% | 7/15/28 | 11,615 | 11,089 | ||
Block Financial LLC | 3.875% | 8/15/30 | 19,016 | 19,273 | ||
BorgWarner Inc. | 3.375% | 3/15/25 | 1 | 1 | ||
BorgWarner Inc. | 2.650% | 7/1/27 | 28,852 | 28,799 | ||
Brunswick Corp. | 2.400% | 8/18/31 | 14,950 | 13,679 | ||
Choice Hotels International Inc. | 3.700% | 12/1/29 | 5,982 | 6,112 | ||
Choice Hotels International Inc. | 3.700% | 1/15/31 | 8,859 | 8,969 | ||
3 | Daimler Finance North America LLC | 3.100% | 8/15/29 | 16,642 | 16,778 | |
Daimler Finance North America LLC | 8.500% | 1/18/31 | 22,375 | 31,743 | ||
3 | Daimler Finance North America LLC | 2.450% | 3/2/31 | 7,250 | 6,932 | |
Darden Restaurants Inc. | 3.850% | 5/1/27 | 10,733 | 11,304 | ||
Dick's Sporting Goods Inc. | 3.150% | 1/15/32 | 19,755 | 18,983 | ||
DR Horton Inc. | 1.400% | 10/15/27 | 11,566 | 10,709 | ||
eBay Inc. | 3.600% | 6/5/27 | 23,785 | 24,927 | ||
eBay Inc. | 2.700% | 3/11/30 | 24,863 | 24,069 | ||
eBay Inc. | 2.600% | 5/10/31 | 16,906 | 16,098 | ||
1 | Emory University | 2.143% | 9/1/30 | 10,390 | 10,157 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Fortune Brands Home & Security Inc. | 3.250% | 9/15/29 | 16,830 | 17,080 | ||
General Motors Co. | 4.200% | 10/1/27 | 24,224 | 25,550 | ||
General Motors Co. | 6.800% | 10/1/27 | 28,591 | 33,698 | ||
General Motors Co. | 5.000% | 10/1/28 | 22,813 | 24,888 | ||
General Motors Financial Co. Inc. | 2.700% | 8/20/27 | 16,229 | 15,894 | ||
General Motors Financial Co. Inc. | 3.850% | 1/5/28 | 12,583 | 12,965 | ||
General Motors Financial Co. Inc. | 2.400% | 4/10/28 | 23,710 | 22,645 | ||
General Motors Financial Co. Inc. | 2.400% | 10/15/28 | 26,875 | 25,481 | ||
General Motors Financial Co. Inc. | 5.650% | 1/17/29 | 14,718 | 16,542 | ||
General Motors Financial Co. Inc. | 3.600% | 6/21/30 | 25,776 | 25,879 | ||
General Motors Financial Co. Inc. | 2.350% | 1/8/31 | 16,440 | 14,907 | ||
General Motors Financial Co. Inc. | 2.700% | 6/10/31 | 33,980 | 31,533 | ||
General Motors Financial Co. Inc. | 3.100% | 1/12/32 | 48,755 | 46,549 | ||
Genuine Parts Co. | 1.875% | 11/1/30 | 12,508 | 11,268 | ||
3 | GXO Logistics Inc. | 2.650% | 7/15/31 | 11,195 | 10,387 | |
Hasbro Inc. | 3.500% | 9/15/27 | 7,279 | 7,488 | ||
Hasbro Inc. | 3.900% | 11/19/29 | 29,501 | 30,843 | ||
Home Depot Inc. | 2.500% | 4/15/27 | 41,428 | 41,818 | ||
Home Depot Inc. | 2.800% | 9/14/27 | 29,080 | 29,762 | ||
Home Depot Inc. | 0.900% | 3/15/28 | 15,270 | 14,041 | ||
Home Depot Inc. | 1.500% | 9/15/28 | 29,190 | 27,624 | ||
Home Depot Inc. | 3.900% | 12/6/28 | 17,076 | 18,446 | ||
Home Depot Inc. | 2.950% | 6/15/29 | 35,027 | 35,787 | ||
Home Depot Inc. | 2.700% | 4/15/30 | 32,801 | 32,772 | ||
Home Depot Inc. | 1.375% | 3/15/31 | 33,348 | 29,841 | ||
Home Depot Inc. | 1.875% | 9/15/31 | 32,485 | 30,171 | ||
Hyatt Hotels Corp. | 4.375% | 9/15/28 | 10,852 | 11,250 | ||
Hyatt Hotels Corp. | 5.750% | 4/23/30 | 11,245 | 12,827 | ||
JD.com Inc. | 3.375% | 1/14/30 | 17,933 | 17,938 | ||
Kohl's Corp. | 3.375% | 5/1/31 | 13,095 | 12,896 | ||
Las Vegas Sands Corp. | 3.900% | 8/8/29 | 19,157 | 18,334 | ||
Lear Corp. | 3.800% | 9/15/27 | 6,989 | 7,286 | ||
Lear Corp. | 4.250% | 5/15/29 | 10,974 | 11,622 | ||
Lear Corp. | 3.500% | 5/30/30 | 11,085 | 11,140 | ||
Lear Corp. | 2.600% | 1/15/32 | 2,900 | 2,690 | ||
Leggett & Platt Inc. | 3.500% | 11/15/27 | 10,652 | 11,021 | ||
Leggett & Platt Inc. | 4.400% | 3/15/29 | 15,366 | 16,597 | ||
Leland Stanford Junior University | 1.289% | 6/1/27 | 7,710 | 7,372 | ||
Lennar Corp. | 5.000% | 6/15/27 | 2,960 | 3,217 | ||
Lennar Corp. | 4.750% | 11/29/27 | 37,430 | 40,697 | ||
Lowe's Cos. Inc. | 3.100% | 5/3/27 | 19,931 | 20,526 | ||
Lowe's Cos. Inc. | 1.300% | 4/15/28 | 30,859 | 28,471 | ||
Lowe's Cos. Inc. | 1.700% | 9/15/28 | 31,050 | 29,090 | ||
Lowe's Cos. Inc. | 3.650% | 4/5/29 | 42,716 | 44,778 | ||
Lowe's Cos. Inc. | 4.500% | 4/15/30 | 31,765 | 35,031 | ||
Lowe's Cos. Inc. | 1.700% | 10/15/30 | 32,626 | 29,352 | ||
Lowe's Cos. Inc. | 2.625% | 4/1/31 | 46,321 | 44,754 | ||
Magna International Inc. | 2.450% | 6/15/30 | 18,786 | 18,095 | ||
1 | Marriott International Inc. | 4.000% | 4/15/28 | 11,505 | 11,971 | |
1 | Marriott International Inc. | 4.650% | 12/1/28 | 5,302 | 5,691 | |
1 | Marriott International Inc. | 4.625% | 6/15/30 | 32,536 | 35,161 | |
1 | Marriott International Inc. | 2.850% | 4/15/31 | 34,555 | 32,925 | |
Masco Corp. | 3.500% | 11/15/27 | 7,945 | 8,161 | ||
Masco Corp. | 1.500% | 2/15/28 | 15,734 | 14,465 | ||
Masco Corp. | 2.000% | 10/1/30 | 9,055 | 8,205 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Masco Corp. | 2.000% | 2/15/31 | 13,798 | 12,461 | ||
1 | McDonald's Corp. | 3.500% | 3/1/27 | 15,190 | 15,887 | |
1 | McDonald's Corp. | 3.500% | 7/1/27 | 25,740 | 26,987 | |
1 | McDonald's Corp. | 3.800% | 4/1/28 | 32,932 | 35,007 | |
1 | McDonald's Corp. | 2.625% | 9/1/29 | 34,433 | 33,905 | |
1 | McDonald's Corp. | 2.125% | 3/1/30 | 14,055 | 13,326 | |
1 | McDonald's Corp. | 3.600% | 7/1/30 | 20,650 | 21,686 | |
MDC Holdings Inc. | 2.500% | 1/15/31 | 17,955 | 16,226 | ||
Mohawk Industries Inc. | 3.625% | 5/15/30 | 13,000 | 13,360 | ||
NIKE Inc. | 2.750% | 3/27/27 | 33,533 | 34,444 | ||
NIKE Inc. | 2.850% | 3/27/30 | 31,730 | 32,254 | ||
NVR Inc. | 3.000% | 5/15/30 | 21,047 | 20,743 | ||
O'Reilly Automotive Inc. | 3.600% | 9/1/27 | 20,735 | 21,675 | ||
O'Reilly Automotive Inc. | 4.350% | 6/1/28 | 19,991 | 21,549 | ||
O'Reilly Automotive Inc. | 3.900% | 6/1/29 | 10,257 | 10,783 | ||
O'Reilly Automotive Inc. | 4.200% | 4/1/30 | 13,402 | 14,368 | ||
O'Reilly Automotive Inc. | 1.750% | 3/15/31 | 6,665 | 5,971 | ||
Owens Corning | 3.950% | 8/15/29 | 11,136 | 11,673 | ||
Owens Corning | 3.875% | 6/1/30 | 8,536 | 8,924 | ||
Ralph Lauren Corp. | 2.950% | 6/15/30 | 18,092 | 18,068 | ||
Ross Stores Inc. | 1.875% | 4/15/31 | 12,715 | 11,498 | ||
3 | Sands China Ltd. | 2.300% | 3/8/27 | 12,375 | 10,800 | |
Sands China Ltd. | 5.400% | 8/8/28 | 54,894 | 54,335 | ||
3 | Sands China Ltd. | 2.850% | 3/8/29 | 7,475 | 6,339 | |
Sands China Ltd. | 4.375% | 6/18/30 | 27,566 | 25,417 | ||
3 | Sands China Ltd. | 3.250% | 8/8/31 | 12,800 | 10,429 | |
Snap-on Inc. | 3.250% | 3/1/27 | 2,815 | 2,943 | ||
Stanley Black & Decker Inc. | 4.250% | 11/15/28 | 18,978 | 20,714 | ||
Stanley Black & Decker Inc. | 2.300% | 3/15/30 | 15,343 | 14,771 | ||
Starbucks Corp. | 2.000% | 3/12/27 | 14,787 | 14,427 | ||
Starbucks Corp. | 3.500% | 3/1/28 | 13,318 | 13,856 | ||
Starbucks Corp. | 4.000% | 11/15/28 | 20,788 | 22,270 | ||
Starbucks Corp. | 3.550% | 8/15/29 | 25,122 | 26,149 | ||
Starbucks Corp. | 2.250% | 3/12/30 | 13,898 | 13,127 | ||
Starbucks Corp. | 2.550% | 11/15/30 | 37,883 | 36,406 | ||
Starbucks Corp. | 3.000% | 2/14/32 | 20,000 | 19,904 | ||
Steelcase Inc. | 5.125% | 1/18/29 | 11,150 | 12,156 | ||
Tapestry Inc. | 4.125% | 7/15/27 | 3,395 | 3,552 | ||
TJX Cos. Inc. | 1.150% | 5/15/28 | 14,377 | 13,270 | ||
TJX Cos. Inc. | 3.875% | 4/15/30 | 20,965 | 22,483 | ||
TJX Cos. Inc. | 1.600% | 5/15/31 | 3,915 | 3,546 | ||
Toll Brothers Finance Corp. | 4.350% | 2/15/28 | 16,590 | 17,278 | ||
Toll Brothers Finance Corp. | 3.800% | 11/1/29 | 11,515 | 11,527 | ||
Toyota Motor Corp. | 3.669% | 7/20/28 | 15,429 | 16,432 | ||
Toyota Motor Corp. | 2.760% | 7/2/29 | 10,490 | 10,559 | ||
Toyota Motor Corp. | 2.362% | 3/25/31 | 11,611 | 11,340 | ||
1 | Toyota Motor Credit Corp. | 1.150% | 8/13/27 | 18,643 | 17,497 | |
1 | Toyota Motor Credit Corp. | 3.050% | 1/11/28 | 12,067 | 12,440 | |
1 | Toyota Motor Credit Corp. | 1.900% | 4/6/28 | 11,223 | 10,813 | |
Toyota Motor Credit Corp. | 3.650% | 1/8/29 | 12,400 | 13,205 | ||
1 | Toyota Motor Credit Corp. | 2.150% | 2/13/30 | 21,036 | 20,237 | |
1 | Toyota Motor Credit Corp. | 3.375% | 4/1/30 | 25,256 | 26,450 | |
1 | Toyota Motor Credit Corp. | 1.650% | 1/10/31 | 19,073 | 17,448 | |
Toyota Motor Credit Corp. | 1.900% | 9/12/31 | 14,264 | 13,228 | ||
1 | Toyota Motor Credit Corp. | 2.400% | 1/13/32 | 14,145 | 13,687 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Tractor Supply Co. | 1.750% | 11/1/30 | 16,148 | 14,366 | ||
VF Corp. | 2.800% | 4/23/27 | 11,897 | 12,045 | ||
VF Corp. | 2.950% | 4/23/30 | 19,333 | 19,135 | ||
Whirlpool Corp. | 4.750% | 2/26/29 | 25,868 | 28,591 | ||
Whirlpool Corp. | 2.400% | 5/15/31 | 5,517 | 5,246 | ||
1 | Yale University | 1.482% | 4/15/30 | 11,020 | 10,172 | |
3,133,290 | ||||||
Consumer Staples (6.6%) | ||||||
Ahold Finance USA LLC | 6.875% | 5/1/29 | 12,920 | 16,137 | ||
Altria Group Inc. | 2.625% | 9/16/26 | 9,094 | 9,081 | ||
Altria Group Inc. | 4.800% | 2/14/29 | 29,977 | 32,446 | ||
Altria Group Inc. | 3.400% | 5/6/30 | 16,805 | 16,611 | ||
Altria Group Inc. | 2.450% | 2/4/32 | 39,505 | 35,286 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.000% | 4/13/28 | 74,021 | 78,909 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.750% | 1/23/29 | 95,313 | 106,071 | ||
Anheuser-Busch InBev Worldwide Inc. | 3.500% | 6/1/30 | 61,666 | 64,440 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.900% | 1/23/31 | 15,010 | 17,243 | ||
Archer-Daniels-Midland Co. | 3.250% | 3/27/30 | 23,738 | 24,655 | ||
Avery Dennison Corp. | 4.875% | 12/6/28 | 10,672 | 11,891 | ||
Avery Dennison Corp. | 2.650% | 4/30/30 | 15,187 | 14,626 | ||
Avery Dennison Corp. | 2.250% | 2/15/32 | 1,175 | 1,076 | ||
BAT Capital Corp. | 4.700% | 4/2/27 | 26,249 | 27,872 | ||
BAT Capital Corp. | 3.557% | 8/15/27 | 79,130 | 79,872 | ||
BAT Capital Corp. | 2.259% | 3/25/28 | 54,851 | 51,209 | ||
BAT Capital Corp. | 3.462% | 9/6/29 | 14,798 | 14,613 | ||
BAT Capital Corp. | 4.906% | 4/2/30 | 27,289 | 29,153 | ||
BAT Capital Corp. | 2.726% | 3/25/31 | 29,979 | 27,476 | ||
Bunge Ltd. Finance Corp. | 3.750% | 9/25/27 | 15,430 | 16,129 | ||
Bunge Ltd. Finance Corp. | 2.750% | 5/14/31 | 26,535 | 25,261 | ||
Campbell Soup Co. | 4.150% | 3/15/28 | 25,053 | 26,752 | ||
Campbell Soup Co. | 2.375% | 4/24/30 | 12,011 | 11,432 | ||
Church & Dwight Co. Inc. | 3.150% | 8/1/27 | 11,195 | 11,512 | ||
Clorox Co. | 3.100% | 10/1/27 | 13,038 | 13,442 | ||
Clorox Co. | 3.900% | 5/15/28 | 6,205 | 6,629 | ||
Clorox Co. | 1.800% | 5/15/30 | 18,304 | 16,863 | ||
Coca-Cola Co. | 3.375% | 3/25/27 | 20,550 | 21,642 | ||
Coca-Cola Co. | 2.900% | 5/25/27 | 12,530 | 12,916 | ||
Coca-Cola Co. | 1.450% | 6/1/27 | 48,694 | 46,810 | ||
Coca-Cola Co. | 1.500% | 3/5/28 | 8,400 | 8,032 | ||
Coca-Cola Co. | 1.000% | 3/15/28 | 34,864 | 32,260 | ||
Coca-Cola Co. | 2.125% | 9/6/29 | 25,622 | 24,990 | ||
Coca-Cola Co. | 3.450% | 3/25/30 | 31,414 | 33,241 | ||
Coca-Cola Co. | 1.650% | 6/1/30 | 35,774 | 33,152 | ||
Coca-Cola Co. | 2.000% | 3/5/31 | 25,898 | 24,516 | ||
Coca-Cola Co. | 1.375% | 3/15/31 | 48,168 | 43,243 | ||
Coca-Cola Co. | 2.250% | 1/5/32 | 41,030 | 39,576 | ||
Coca-Cola Femsa SAB de CV | 2.750% | 1/22/30 | 29,586 | 28,580 | ||
Conagra Brands Inc. | 1.375% | 11/1/27 | 27,463 | 25,248 | ||
Conagra Brands Inc. | 7.000% | 10/1/28 | 7,906 | 9,709 | ||
Conagra Brands Inc. | 4.850% | 11/1/28 | 42,567 | 46,760 | ||
Conagra Brands Inc. | 8.250% | 9/15/30 | 9,076 | 12,331 | ||
Constellation Brands Inc. | 3.500% | 5/9/27 | 16,136 | 16,730 | ||
Constellation Brands Inc. | 3.600% | 2/15/28 | 21,208 | 21,852 | ||
Constellation Brands Inc. | 4.650% | 11/15/28 | 23,246 | 25,397 | ||
Constellation Brands Inc. | 3.150% | 8/1/29 | 32,688 | 32,723 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Constellation Brands Inc. | 2.875% | 5/1/30 | 13,314 | 12,998 | ||
Constellation Brands Inc. | 2.250% | 8/1/31 | 23,788 | 21,839 | ||
Costco Wholesale Corp. | 3.000% | 5/18/27 | 31,263 | 32,410 | ||
Costco Wholesale Corp. | 1.375% | 6/20/27 | 38,999 | 37,422 | ||
Costco Wholesale Corp. | 1.600% | 4/20/30 | 53,288 | 49,361 | ||
Diageo Capital plc | 3.875% | 5/18/28 | 9,013 | 9,685 | ||
Diageo Capital plc | 2.375% | 10/24/29 | 26,161 | 25,578 | ||
Diageo Capital plc | 2.000% | 4/29/30 | 17,182 | 16,248 | ||
Dollar General Corp. | 3.875% | 4/15/27 | 12,000 | 12,675 | ||
Dollar General Corp. | 4.125% | 5/1/28 | 11,804 | 12,581 | ||
Dollar General Corp. | 3.500% | 4/3/30 | 33,777 | 34,585 | ||
Dollar Tree Inc. | 4.200% | 5/15/28 | 32,679 | 34,926 | ||
Dollar Tree Inc. | 2.650% | 12/1/31 | 16,950 | 16,100 | ||
Estee Lauder Cos. Inc. | 3.150% | 3/15/27 | 8,270 | 8,599 | ||
Estee Lauder Cos. Inc. | 2.375% | 12/1/29 | 18,397 | 18,070 | ||
Estee Lauder Cos. Inc. | 2.600% | 4/15/30 | 17,894 | 17,779 | ||
Estee Lauder Cos. Inc. | 1.950% | 3/15/31 | 14,940 | 14,051 | ||
Flowers Foods Inc. | 2.400% | 3/15/31 | 12,354 | 11,652 | ||
General Mills Inc. | 4.200% | 4/17/28 | 33,558 | 36,147 | ||
General Mills Inc. | 2.875% | 4/15/30 | 22,419 | 22,400 | ||
General Mills Inc. | 2.250% | 10/14/31 | 15,690 | 14,752 | ||
Hershey Co. | 2.450% | 11/15/29 | 6,077 | 6,053 | ||
Hershey Co. | 1.700% | 6/1/30 | 6,122 | 5,707 | ||
Hormel Foods Corp. | 1.700% | 6/3/28 | 9,195 | 8,783 | ||
Hormel Foods Corp. | 1.800% | 6/11/30 | 28,732 | 26,835 | ||
Ingredion Inc. | 2.900% | 6/1/30 | 13,751 | 13,554 | ||
J M Smucker Co. | 3.375% | 12/15/27 | 12,479 | 12,940 | ||
J M Smucker Co. | 2.375% | 3/15/30 | 12,496 | 11,899 | ||
Kellogg Co. | 3.400% | 11/15/27 | 18,335 | 19,000 | ||
Kellogg Co. | 4.300% | 5/15/28 | 9,841 | 10,687 | ||
Kellogg Co. | 2.100% | 6/1/30 | 17,969 | 16,895 | ||
1 | Kellogg Co. | 7.450% | 4/1/31 | 9,544 | 12,743 | |
Keurig Dr Pepper Inc. | 3.430% | 6/15/27 | 19,339 | 20,045 | ||
Keurig Dr Pepper Inc. | 4.597% | 5/25/28 | 54,575 | 59,672 | ||
Keurig Dr Pepper Inc. | 3.200% | 5/1/30 | 19,339 | 19,563 | ||
Keurig Dr Pepper Inc. | 2.250% | 3/15/31 | 14,495 | 13,599 | ||
Kimberly-Clark Corp. | 1.050% | 9/15/27 | 18,462 | 17,325 | ||
Kimberly-Clark Corp. | 3.950% | 11/1/28 | 10,389 | 11,283 | ||
Kimberly-Clark Corp. | 3.200% | 4/25/29 | 11,194 | 11,610 | ||
Kimberly-Clark Corp. | 3.100% | 3/26/30 | 25,936 | 26,806 | ||
Kimberly-Clark Corp. | 2.000% | 11/2/31 | 15,660 | 14,774 | ||
Kroger Co. | 3.700% | 8/1/27 | 13,945 | 14,692 | ||
Kroger Co. | 4.500% | 1/15/29 | 12,247 | 13,462 | ||
1 | Kroger Co. | 7.700% | 6/1/29 | 3,305 | 4,317 | |
Kroger Co. | 2.200% | 5/1/30 | 19,519 | 18,474 | ||
Kroger Co. | 1.700% | 1/15/31 | 12,570 | 11,385 | ||
Kroger Co. | 7.500% | 4/1/31 | 5,478 | 7,377 | ||
McCormick & Co. Inc. | 3.400% | 8/15/27 | 19,646 | 20,442 | ||
McCormick & Co. Inc. | 2.500% | 4/15/30 | 23,654 | 22,796 | ||
McCormick & Co. Inc. | 1.850% | 2/15/31 | 7,324 | 6,661 | ||
Mondelez International Inc. | 2.750% | 4/13/30 | 46,948 | 46,265 | ||
Mondelez International Inc. | 1.500% | 2/4/31 | 10,781 | 9,530 | ||
PepsiCo Inc. | 2.625% | 3/19/27 | 30,489 | 31,199 | ||
PepsiCo Inc. | 3.000% | 10/15/27 | 29,004 | 30,161 | ||
PepsiCo Inc. | 7.000% | 3/1/29 | 8,416 | 10,860 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PepsiCo Inc. | 2.625% | 7/29/29 | 21,457 | 21,698 | ||
PepsiCo Inc. | 2.750% | 3/19/30 | 27,389 | 27,781 | ||
PepsiCo Inc. | 1.625% | 5/1/30 | 43,550 | 40,605 | ||
PepsiCo Inc. | 1.400% | 2/25/31 | 20,127 | 18,290 | ||
PepsiCo Inc. | 1.950% | 10/21/31 | 29,015 | 27,461 | ||
Philip Morris International Inc. | 3.125% | 8/17/27 | 10,412 | 10,747 | ||
Philip Morris International Inc. | 3.125% | 3/2/28 | 15,754 | 16,191 | ||
Philip Morris International Inc. | 3.375% | 8/15/29 | 15,208 | 15,655 | ||
Philip Morris International Inc. | 2.100% | 5/1/30 | 23,348 | 21,940 | ||
Philip Morris International Inc. | 1.750% | 11/1/30 | 15,930 | 14,434 | ||
Procter & Gamble Co. | 2.800% | 3/25/27 | 17,635 | 18,175 | ||
Procter & Gamble Co. | 2.850% | 8/11/27 | 19,142 | 19,819 | ||
Procter & Gamble Co. | 3.000% | 3/25/30 | 40,393 | 42,099 | ||
Procter & Gamble Co. | 1.200% | 10/29/30 | 30,099 | 27,279 | ||
Procter & Gamble Co. | 1.950% | 4/23/31 | 19,830 | 19,070 | ||
Sysco Corp. | 3.250% | 7/15/27 | 22,653 | 23,347 | ||
Sysco Corp. | 2.400% | 2/15/30 | 26,555 | 25,376 | ||
Sysco Corp. | 5.950% | 4/1/30 | 25,782 | 30,782 | ||
Sysco Corp. | 2.450% | 12/14/31 | 6,735 | 6,411 | ||
Target Corp. | 3.375% | 4/15/29 | 25,967 | 27,527 | ||
Target Corp. | 2.350% | 2/15/30 | 18,063 | 17,753 | ||
Target Corp. | 2.650% | 9/15/30 | 10,990 | 11,028 | ||
Tyson Foods Inc. | 3.550% | 6/2/27 | 35,572 | 36,969 | ||
Tyson Foods Inc. | 4.350% | 3/1/29 | 25,149 | 27,237 | ||
Unilever Capital Corp. | 2.900% | 5/5/27 | 27,760 | 28,376 | ||
Unilever Capital Corp. | 3.500% | 3/22/28 | 4,604 | 4,855 | ||
Unilever Capital Corp. | 2.125% | 9/6/29 | 38,134 | 36,690 | ||
Unilever Capital Corp. | 1.375% | 9/14/30 | 12,955 | 11,594 | ||
Unilever Capital Corp. | 1.750% | 8/12/31 | 22,820 | 20,945 | ||
Walgreens Boots Alliance Inc. | 3.200% | 4/15/30 | 8,775 | 8,868 | ||
Walmart Inc. | 3.700% | 6/26/28 | 64,643 | 69,708 | ||
Walmart Inc. | 1.500% | 9/22/28 | 8,120 | 7,736 | ||
Walmart Inc. | 3.250% | 7/8/29 | 33,090 | 35,047 | ||
Walmart Inc. | 2.375% | 9/24/29 | 15,799 | 15,749 | ||
Walmart Inc. | 1.800% | 9/22/31 | 57,363 | 53,817 | ||
3,214,706 | ||||||
Energy (6.8%) | ||||||
Baker Hughes Holdings LLC | 3.337% | 12/15/27 | 29,218 | 30,119 | ||
Baker Hughes Holdings LLC | 3.138% | 11/7/29 | 11,209 | 11,311 | ||
Baker Hughes Holdings LLC | 4.486% | 5/1/30 | 21,044 | 23,129 | ||
Boardwalk Pipelines LP | 4.450% | 7/15/27 | 13,564 | 14,313 | ||
Boardwalk Pipelines LP | 4.800% | 5/3/29 | 5,834 | 6,282 | ||
Boardwalk Pipelines LP | 3.400% | 2/15/31 | 15,392 | 15,080 | ||
BP Capital Markets America Inc. | 3.543% | 4/6/27 | 15,175 | 15,781 | ||
1 | BP Capital Markets America Inc. | 3.588% | 4/14/27 | 14,112 | 14,715 | |
BP Capital Markets America Inc. | 3.937% | 9/21/28 | 36,594 | 38,833 | ||
BP Capital Markets America Inc. | 4.234% | 11/6/28 | 46,476 | 50,282 | ||
BP Capital Markets America Inc. | 3.633% | 4/6/30 | 39,354 | 40,971 | ||
BP Capital Markets America Inc. | 1.749% | 8/10/30 | 20,458 | 18,567 | ||
BP Capital Markets America Inc. | 2.721% | 1/12/32 | 54,340 | 52,134 | ||
BP Capital Markets plc | 3.279% | 9/19/27 | 37,300 | 38,388 | ||
BP Capital Markets plc | 3.723% | 11/28/28 | 20,493 | 21,469 | ||
Burlington Resources LLC | 7.200% | 8/15/31 | 5,813 | 7,835 | ||
Burlington Resources LLC | 7.400% | 12/1/31 | 2,162 | 3,006 | ||
Canadian Natural Resources Ltd. | 3.850% | 6/1/27 | 41,275 | 43,089 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Canadian Natural Resources Ltd. | 2.950% | 7/15/30 | 12,656 | 12,376 | ||
Canadian Natural Resources Ltd. | 7.200% | 1/15/32 | 5,882 | 7,570 | ||
Cenovus Energy Inc. | 4.250% | 4/15/27 | 34,273 | 36,365 | ||
Cenovus Energy Inc. | 4.400% | 4/15/29 | 20,138 | 21,458 | ||
Cenovus Energy Inc. | 2.650% | 1/15/32 | 3,535 | 3,272 | ||
Cheniere Corpus Christi Holdings LLC | 5.125% | 6/30/27 | 37,426 | 40,853 | ||
Cheniere Corpus Christi Holdings LLC | 3.700% | 11/15/29 | 44,533 | 45,467 | ||
Chevron Corp. | 1.995% | 5/11/27 | 36,191 | 35,654 | ||
Chevron Corp. | 2.236% | 5/11/30 | 36,058 | 35,121 | ||
Chevron USA Inc. | 1.018% | 8/12/27 | 6,218 | 5,812 | ||
Chevron USA Inc. | 3.850% | 1/15/28 | 12,964 | 13,893 | ||
Chevron USA Inc. | 3.250% | 10/15/29 | 21,728 | 22,657 | ||
Conoco Funding Co. | 7.250% | 10/15/31 | 4,913 | 6,651 | ||
3 | ConocoPhillips | 3.750% | 10/1/27 | 48,071 | 51,368 | |
3 | ConocoPhillips | 4.300% | 8/15/28 | 31,708 | 34,744 | |
3 | ConocoPhillips | 2.400% | 2/15/31 | 24,557 | 24,000 | |
ConocoPhillips Co. | 6.950% | 4/15/29 | 43,993 | 56,268 | ||
Continental Resources Inc. | 4.375% | 1/15/28 | 15,680 | 16,248 | ||
3 | Coterra Energy Inc. | 3.900% | 5/15/27 | 18,690 | 19,493 | |
3 | Coterra Energy Inc. | 4.375% | 3/15/29 | 16,509 | 17,712 | |
Devon Energy Corp. | 5.250% | 10/15/27 | 14,368 | 14,923 | ||
Devon Energy Corp. | 5.875% | 6/15/28 | 10,148 | 10,804 | ||
Devon Energy Corp. | 4.500% | 1/15/30 | 19,758 | 20,639 | ||
Devon Energy Corp. | 7.875% | 9/30/31 | 12,693 | 17,108 | ||
Diamondback Energy Inc. | 3.500% | 12/1/29 | 31,024 | 31,351 | ||
Diamondback Energy Inc. | 3.125% | 3/24/31 | 27,427 | 26,764 | ||
3 | Eastern Gas Transmission & Storage Inc. | 3.000% | 11/15/29 | 6,745 | 6,718 | |
Enbridge Inc. | 1.600% | 10/4/26 | 100 | 95 | ||
Enbridge Inc. | 3.700% | 7/15/27 | 20,795 | 21,690 | ||
Enbridge Inc. | 3.125% | 11/15/29 | 27,677 | 27,790 | ||
Energy Transfer LP | 4.400% | 3/15/27 | 19,307 | 20,280 | ||
Energy Transfer LP | 4.200% | 4/15/27 | 15,006 | 15,617 | ||
1 | Energy Transfer LP | 5.500% | 6/1/27 | 24,480 | 27,013 | |
Energy Transfer LP | 4.000% | 10/1/27 | 19,077 | 19,709 | ||
Energy Transfer LP | 4.950% | 5/15/28 | 17,195 | 18,528 | ||
Energy Transfer LP | 4.950% | 6/15/28 | 26,838 | 29,042 | ||
Energy Transfer LP | 5.250% | 4/15/29 | 41,888 | 46,030 | ||
Energy Transfer LP | 4.150% | 9/15/29 | 16,194 | 16,701 | ||
Energy Transfer LP | 3.750% | 5/15/30 | 41,959 | 42,527 | ||
Eni USA Inc. | 7.300% | 11/15/27 | 2,740 | 3,348 | ||
Enterprise Products Operating LLC | 4.150% | 10/16/28 | 18,064 | 19,413 | ||
Enterprise Products Operating LLC | 3.125% | 7/31/29 | 48,422 | 48,895 | ||
Enterprise Products Operating LLC | 2.800% | 1/31/30 | 24,539 | 24,172 | ||
1 | Enterprise Products Operating LLC | 5.250% | 8/16/77 | 13,731 | 13,073 | |
1 | Enterprise Products Operating LLC | 5.375% | 2/15/78 | 21,720 | 20,156 | |
EOG Resources Inc. | 4.375% | 4/15/30 | 24,040 | 26,588 | ||
Exxon Mobil Corp. | 3.294% | 3/19/27 | 12,530 | 13,149 | ||
Exxon Mobil Corp. | 2.440% | 8/16/29 | 30,304 | 29,838 | ||
Exxon Mobil Corp. | 3.482% | 3/19/30 | 56,485 | 59,628 | ||
Exxon Mobil Corp. | 2.610% | 10/15/30 | 60,930 | 60,404 | ||
Halliburton Co. | 2.920% | 3/1/30 | 26,630 | 26,216 | ||
3 | Helmerich & Payne Inc. | 2.900% | 9/29/31 | 14,900 | 14,285 | |
Hess Corp. | 4.300% | 4/1/27 | 35,382 | 37,423 | ||
Hess Corp. | 7.875% | 10/1/29 | 7,558 | 9,759 | ||
Hess Corp. | 7.300% | 8/15/31 | 15,710 | 20,007 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
HollyFrontier Corp. | 4.500% | 10/1/30 | 10,473 | 10,564 | ||
Kinder Morgan Energy Partners LP | 7.400% | 3/15/31 | 2,816 | 3,598 | ||
Kinder Morgan Inc. | 4.300% | 3/1/28 | 37,906 | 40,396 | ||
Kinder Morgan Inc. | 2.000% | 2/15/31 | 29,823 | 26,783 | ||
1 | Kinder Morgan Inc. | 7.800% | 8/1/31 | 9,114 | 12,044 | |
1 | Kinder Morgan Inc. | 7.750% | 1/15/32 | 5,261 | 6,966 | |
Magellan Midstream Partners LP | 3.250% | 6/1/30 | 12,377 | 12,371 | ||
Marathon Oil Corp. | 4.400% | 7/15/27 | 25,681 | 27,269 | ||
Marathon Petroleum Corp. | 3.800% | 4/1/28 | 21,580 | 22,317 | ||
MPLX LP | 4.125% | 3/1/27 | 31,108 | 32,794 | ||
MPLX LP | 4.250% | 12/1/27 | 19,569 | 20,748 | ||
MPLX LP | 4.000% | 3/15/28 | 36,531 | 38,125 | ||
MPLX LP | 4.800% | 2/15/29 | 25,228 | 27,641 | ||
MPLX LP | 2.650% | 8/15/30 | 30,816 | 29,043 | ||
Northwest Pipeline LLC | 4.000% | 4/1/27 | 1,077 | 1,136 | ||
NOV Inc. | 3.600% | 12/1/29 | 10,392 | 10,412 | ||
ONEOK Inc. | 4.000% | 7/13/27 | 13,931 | 14,504 | ||
ONEOK Inc. | 4.550% | 7/15/28 | 25,001 | 26,680 | ||
ONEOK Inc. | 4.350% | 3/15/29 | 28,877 | 30,253 | ||
ONEOK Inc. | 3.400% | 9/1/29 | 29,084 | 28,802 | ||
ONEOK Inc. | 3.100% | 3/15/30 | 17,433 | 16,900 | ||
ONEOK Inc. | 6.350% | 1/15/31 | 3,305 | 3,922 | ||
Ovintiv Inc. | 8.125% | 9/15/30 | 3,275 | 4,201 | ||
Ovintiv Inc. | 7.200% | 11/1/31 | 13,845 | 17,020 | ||
Ovintiv Inc. | 7.375% | 11/1/31 | 13,260 | 16,771 | ||
Phillips 66 | 3.900% | 3/15/28 | 19,524 | 20,443 | ||
Phillips 66 | 2.150% | 12/15/30 | 23,284 | 21,506 | ||
Phillips 66 Partners LP | 3.750% | 3/1/28 | 15,791 | 16,262 | ||
Phillips 66 Partners LP | 3.150% | 12/15/29 | 14,542 | 14,445 | ||
Pioneer Natural Resources Co. | 1.900% | 8/15/30 | 29,331 | 26,666 | ||
Pioneer Natural Resources Co. | 2.150% | 1/15/31 | 24,990 | 23,066 | ||
Plains All American Pipeline LP | 3.550% | 12/15/29 | 25,671 | 25,400 | ||
Plains All American Pipeline LP | 3.800% | 9/15/30 | 20,276 | 20,315 | ||
Sabine Pass Liquefaction LLC | 5.000% | 3/15/27 | 34,236 | 37,257 | ||
Sabine Pass Liquefaction LLC | 4.200% | 3/15/28 | 47,081 | 49,586 | ||
Sabine Pass Liquefaction LLC | 4.500% | 5/15/30 | 53,382 | 57,474 | ||
Schlumberger Investment SA | 2.650% | 6/26/30 | 27,442 | 26,715 | ||
Shell International Finance BV | 3.875% | 11/13/28 | 36,528 | 39,185 | ||
Shell International Finance BV | 2.375% | 11/7/29 | 42,205 | 41,142 | ||
Shell International Finance BV | 2.750% | 4/6/30 | 45,602 | 45,523 | ||
Suncor Energy Inc. | 7.150% | 2/1/32 | 11,981 | 15,332 | ||
Targa Resources Partners LP | 6.500% | 7/15/27 | 8,000 | 8,479 | ||
Targa Resources Partners LP | 5.000% | 1/15/28 | 8,400 | 8,670 | ||
Targa Resources Partners LP | 6.875% | 1/15/29 | 4,000 | 4,357 | ||
Targa Resources Partners LP | 5.500% | 3/1/30 | 8,000 | 8,474 | ||
Targa Resources Partners LP | 4.875% | 2/1/31 | 8,500 | 8,750 | ||
Targa Resources Partners LP | 4.000% | 1/15/32 | 19,000 | 18,747 | ||
TC PipeLines LP | 3.900% | 5/25/27 | 11,888 | 12,611 | ||
Tennessee Gas Pipeline Co. LLC | 7.000% | 3/15/27 | 4,208 | 5,042 | ||
Tennessee Gas Pipeline Co. LLC | 7.000% | 10/15/28 | 12,227 | 14,900 | ||
TotalEnergies Capital International SA | 3.455% | 2/19/29 | 29,711 | 30,948 | ||
TotalEnergies Capital International SA | 2.829% | 1/10/30 | 32,157 | 32,263 | ||
TotalEnergies Capital SA | 3.883% | 10/11/28 | 27,038 | 28,920 | ||
TransCanada PipeLines Ltd. | 4.250% | 5/15/28 | 29,241 | 31,208 | ||
TransCanada PipeLines Ltd. | 4.100% | 4/15/30 | 42,743 | 45,343 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
TransCanada PipeLines Ltd. | 2.500% | 10/12/31 | 35,675 | 33,461 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.000% | 3/15/28 | 16,720 | 17,656 | ||
Transcontinental Gas Pipe Line Co. LLC | 3.250% | 5/15/30 | 22,553 | 22,671 | ||
Valero Energy Corp. | 2.150% | 9/15/27 | 17,116 | 16,623 | ||
Valero Energy Corp. | 4.350% | 6/1/28 | 21,554 | 22,979 | ||
Valero Energy Corp. | 4.000% | 4/1/29 | 22,611 | 23,655 | ||
Valero Energy Corp. | 2.800% | 12/1/31 | 18,825 | 17,789 | ||
Valero Energy Partners LP | 4.500% | 3/15/28 | 16,934 | 18,081 | ||
Williams Cos. Inc. | 3.750% | 6/15/27 | 37,609 | 39,207 | ||
Williams Cos. Inc. | 3.500% | 11/15/30 | 35,348 | 35,947 | ||
Williams Cos. Inc. | 2.600% | 3/15/31 | 43,810 | 41,447 | ||
3,301,774 | ||||||
Financials (29.0%) | ||||||
ACE Capital Trust II | 9.700% | 4/1/30 | 3,180 | 4,437 | ||
1 | Aegon NV | 5.500% | 4/11/48 | 18,030 | 19,240 | |
AerCap Ireland Capital DAC | 3.650% | 7/21/27 | 31,124 | 31,641 | ||
AerCap Ireland Capital DAC | 4.625% | 10/15/27 | 21,135 | 22,462 | ||
AerCap Ireland Capital DAC | 3.875% | 1/23/28 | 17,224 | 17,507 | ||
AerCap Ireland Capital DAC | 3.000% | 10/29/28 | 97,840 | 94,223 | ||
AerCap Ireland Capital DAC | 3.300% | 1/30/32 | 103,960 | 98,620 | ||
Affiliated Managers Group Inc. | 3.300% | 6/15/30 | 16,633 | 16,834 | ||
Aflac Inc. | 3.600% | 4/1/30 | 43,522 | 46,283 | ||
1 | Air Lease Corp. | 3.750% | 6/1/26 | 3,002 | 3,083 | |
Air Lease Corp. | 3.625% | 4/1/27 | 15,270 | 15,573 | ||
Air Lease Corp. | 3.625% | 12/1/27 | 15,684 | 15,920 | ||
Air Lease Corp. | 2.100% | 9/1/28 | 18,425 | 16,967 | ||
Air Lease Corp. | 4.625% | 10/1/28 | 14,392 | 15,221 | ||
Air Lease Corp. | 3.250% | 10/1/29 | 13,782 | 13,474 | ||
1 | Air Lease Corp. | 3.000% | 2/1/30 | 18,745 | 17,903 | |
Air Lease Corp. | 3.125% | 12/1/30 | 19,455 | 18,676 | ||
Air Lease Corp. | 2.875% | 1/15/32 | 20,000 | 18,732 | ||
Alleghany Corp. | 3.625% | 5/15/30 | 13,124 | 13,393 | ||
Allstate Corp. | 1.450% | 12/15/30 | 16,635 | 14,924 | ||
Ally Financial Inc. | 2.200% | 11/2/28 | 18,815 | 17,644 | ||
1 | Ally Financial Inc. | 8.000% | 11/1/31 | 68,803 | 90,599 | |
Ally Financial Inc. | 8.000% | 11/1/31 | 5,093 | 6,666 | ||
American Equity Investment Life Holding Co. | 5.000% | 6/15/27 | 12,311 | 13,376 | ||
3 | American Express Co. | 3.300% | 5/3/27 | 51,419 | 53,058 | |
American Financial Group Inc. | 5.250% | 4/2/30 | 6,798 | 7,676 | ||
American International Group Inc. | 4.200% | 4/1/28 | 18,966 | 20,520 | ||
American International Group Inc. | 4.250% | 3/15/29 | 9,980 | 10,771 | ||
American International Group Inc. | 3.400% | 6/30/30 | 53,483 | 54,996 | ||
1 | American International Group Inc. | 5.750% | 4/1/48 | 14,950 | 15,354 | |
1 | Andrew W Mellon Foundation | 0.947% | 8/1/27 | 7,920 | 7,417 | |
Aon Corp. | 2.850% | 5/28/27 | 7,000 | 7,052 | ||
Aon Corp. | 4.500% | 12/15/28 | 15,796 | 17,217 | ||
Aon Corp. | 3.750% | 5/2/29 | 16,842 | 17,651 | ||
Aon Corp. | 2.800% | 5/15/30 | 31,666 | 31,185 | ||
Aon Corp. | 2.050% | 8/23/31 | 5,140 | 4,722 | ||
Aon Corp. | 2.600% | 12/2/31 | 12,120 | 11,568 | ||
Ares Capital Corp. | 2.875% | 6/15/27 | 8,735 | 8,338 | ||
Ares Capital Corp. | 2.875% | 6/15/28 | 24,821 | 22,998 | ||
Ares Capital Corp. | 3.200% | 11/15/31 | 19,695 | 17,784 | ||
Arthur J Gallagher & Co. | 2.400% | 11/9/31 | 10,505 | 9,860 | ||
Assurant Inc. | 4.900% | 3/27/28 | 9,890 | 10,840 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Assurant Inc. | 3.700% | 2/22/30 | 10,829 | 11,050 | ||
Assured Guaranty US Holdings Inc. | 3.150% | 6/15/31 | 13,090 | 12,981 | ||
Athene Holding Ltd. | 4.125% | 1/12/28 | 28,819 | 30,260 | ||
Athene Holding Ltd. | 6.150% | 4/3/30 | 19,793 | 23,094 | ||
Athene Holding Ltd. | 3.500% | 1/15/31 | 22,974 | 22,945 | ||
AXA SA | 8.600% | 12/15/30 | 32,396 | 43,713 | ||
AXIS Specialty Finance LLC | 3.900% | 7/15/29 | 14,580 | 15,259 | ||
1 | AXIS Specialty Finance LLC | 4.900% | 1/15/40 | 5,326 | 5,331 | |
AXIS Specialty Finance plc | 4.000% | ���12/6/27 | 8,129 | 8,536 | ||
Banco Santander SA | 4.250% | 4/11/27 | 28,853 | 30,481 | ||
Banco Santander SA | 3.800% | 2/23/28 | 18,701 | 19,290 | ||
Banco Santander SA | 4.379% | 4/12/28 | 27,103 | 28,761 | ||
Banco Santander SA | 3.306% | 6/27/29 | 19,424 | 19,654 | ||
Banco Santander SA | 3.490% | 5/28/30 | 34,554 | 34,680 | ||
Banco Santander SA | 2.749% | 12/3/30 | 49,840 | 45,208 | ||
Banco Santander SA | 2.958% | 3/25/31 | 17,696 | 16,990 | ||
Banco Santander SA | 3.225% | 11/22/32 | 18,635 | 17,313 | ||
1 | Bank of America Corp. | 3.248% | 10/21/27 | 58,025 | 59,362 | |
1 | Bank of America Corp. | 3.705% | 4/24/28 | 60,930 | 63,100 | |
1 | Bank of America Corp. | 3.593% | 7/21/28 | 63,874 | 65,952 | |
1 | Bank of America Corp. | 3.419% | 12/20/28 | 154,185 | 157,829 | |
1 | Bank of America Corp. | 3.970% | 3/5/29 | 66,200 | 69,311 | |
1 | Bank of America Corp. | 2.087% | 6/14/29 | 104,210 | 98,623 | |
1 | Bank of America Corp. | 4.271% | 7/23/29 | 76,015 | 81,039 | |
1 | Bank of America Corp. | 3.974% | 2/7/30 | 84,640 | 88,805 | |
1 | Bank of America Corp. | 3.194% | 7/23/30 | 70,912 | 70,996 | |
1 | Bank of America Corp. | 2.884% | 10/22/30 | 43,915 | 43,034 | |
1 | Bank of America Corp. | 2.496% | 2/13/31 | 83,457 | 79,512 | |
1 | Bank of America Corp. | 2.592% | 4/29/31 | 86,262 | 82,542 | |
1 | Bank of America Corp. | 1.898% | 7/23/31 | 87,256 | 79,053 | |
1 | Bank of America Corp. | 1.922% | 10/24/31 | 59,247 | 53,616 | |
1 | Bank of America Corp. | 2.651% | 3/11/32 | 51,972 | 49,677 | |
Bank of America Corp. | 2.687% | 4/22/32 | 144,723 | 139,155 | ||
Bank of America Corp. | 2.299% | 7/21/32 | 109,130 | 101,268 | ||
Bank of America Corp. | 2.572% | 10/20/32 | 72,639 | 68,922 | ||
Bank of America Corp. | 2.972% | 2/4/33 | 68,378 | 67,006 | ||
Bank of America Corp. | 2.482% | 9/21/36 | 53,895 | 48,878 | ||
1 | Bank of Montreal | 3.803% | 12/15/32 | 21,312 | 21,837 | |
Bank of Montreal | 3.088% | 1/10/37 | 25,025 | 23,811 | ||
1 | Bank of New York Mellon Corp. | 3.250% | 5/16/27 | 24,433 | 25,394 | |
1 | Bank of New York Mellon Corp. | 3.400% | 1/29/28 | 25,135 | 26,319 | |
1 | Bank of New York Mellon Corp. | 3.442% | 2/7/28 | 1 | 1 | |
1 | Bank of New York Mellon Corp. | 3.850% | 4/28/28 | 8,395 | 8,982 | |
1 | Bank of New York Mellon Corp. | 1.650% | 7/14/28 | 9,780 | 9,274 | |
1 | Bank of New York Mellon Corp. | 3.000% | 10/30/28 | 7,319 | 7,389 | |
1 | Bank of New York Mellon Corp. | 3.300% | 8/23/29 | 16,368 | 16,927 | |
1 | Bank of New York Mellon Corp. | 1.650% | 1/28/31 | 4,450 | 4,108 | |
1 | Bank of New York Mellon Corp. | 1.800% | 7/28/31 | 22,030 | 20,237 | |
Bank of New York Mellon Corp. | 2.500% | 1/26/32 | 11,580 | 11,269 | ||
Bank of Nova Scotia | 2.150% | 8/1/31 | 18,995 | 17,741 | ||
Bank of Nova Scotia | 2.450% | 2/2/32 | 16,248 | 15,417 | ||
BankUnited Inc. | 5.125% | 6/11/30 | 7,871 | 8,409 | ||
Barclays plc | 4.375% | 1/12/26 | 104 | 110 | ||
Barclays plc | 4.337% | 1/10/28 | 39,028 | 41,252 | ||
Barclays plc | 4.836% | 5/9/28 | 57,504 | 60,874 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Barclays plc | 4.972% | 5/16/29 | 47,775 | 51,926 | |
1 | Barclays plc | 5.088% | 6/20/30 | 26,375 | 28,227 | |
Barclays plc | 2.645% | 6/24/31 | 26,483 | 24,995 | ||
Barclays plc | 2.667% | 3/10/32 | 16,015 | 15,016 | ||
Barclays plc | 2.894% | 11/24/32 | 39,265 | 37,202 | ||
Barclays plc | 3.564% | 9/23/35 | 29,440 | 28,132 | ||
Berkshire Hathaway Finance Corp. | 1.850% | 3/12/30 | 14,962 | 14,188 | ||
Berkshire Hathaway Finance Corp. | 1.450% | 10/15/30 | 17,077 | 15,619 | ||
BlackRock Inc. | 3.200% | 3/15/27 | 22,793 | 23,760 | ||
BlackRock Inc. | 3.250% | 4/30/29 | 18,200 | 19,021 | ||
BlackRock Inc. | 2.400% | 4/30/30 | 24,736 | 24,153 | ||
BlackRock Inc. | 1.900% | 1/28/31 | 31,815 | 29,546 | ||
BlackRock Inc. | 2.100% | 2/25/32 | 14,406 | 13,484 | ||
3 | Blackstone Private Credit Fund | 3.250% | 3/15/27 | 28,616 | 27,518 | |
3 | Blackstone Private Credit Fund | 4.000% | 1/15/29 | 14,785 | 14,253 | |
Blackstone Secured Lending Fund | 3.625% | 1/15/26 | 191 | ��� 191 | ||
3 | Blackstone Secured Lending Fund | 2.850% | 9/30/28 | 16,275 | 14,938 | |
3 | BPCE SA | 3.250% | 1/11/28 | 3,475 | 3,551 | |
Brighthouse Financial Inc. | 5.625% | 5/15/30 | 21,426 | 24,442 | ||
Brookfield Finance I UK plc | 2.340% | 1/30/32 | 3,810 | 3,500 | ||
Brookfield Finance Inc. | 4.250% | 6/2/26 | 268 | 286 | ||
Brookfield Finance Inc. | 3.900% | 1/25/28 | 19,519 | 20,500 | ||
Brookfield Finance Inc. | 4.850% | 3/29/29 | 26,063 | 28,719 | ||
Brookfield Finance Inc. | 4.350% | 4/15/30 | 26,181 | 28,152 | ||
Brookfield Finance Inc. | 2.724% | 4/15/31 | 12,812 | 12,243 | ||
Brown & Brown Inc. | 4.500% | 3/15/29 | 8,634 | 9,304 | ||
Brown & Brown Inc. | 2.375% | 3/15/31 | 18,907 | 17,574 | ||
Capital One Financial Corp. | 3.750% | 3/9/27 | 50,613 | 52,891 | ||
Capital One Financial Corp. | 3.650% | 5/11/27 | 24,326 | 25,226 | ||
Capital One Financial Corp. | 3.800% | 1/31/28 | 42,373 | 44,187 | ||
Capital One Financial Corp. | 2.359% | 7/29/32 | 14,825 | 13,289 | ||
Capital One Financial Corp. | 2.618% | 11/2/32 | 12,880 | 12,059 | ||
Cboe Global Markets Inc. | 1.625% | 12/15/30 | 9,090 | 8,197 | ||
Charles Schwab Corp. | 3.200% | 3/2/27 | 14,320 | 14,853 | ||
Charles Schwab Corp. | 3.300% | 4/1/27 | 19,051 | 19,857 | ||
Charles Schwab Corp. | 3.200% | 1/25/28 | 25,516 | 26,559 | ||
Charles Schwab Corp. | 2.000% | 3/20/28 | 34,795 | 33,793 | ||
Charles Schwab Corp. | 4.000% | 2/1/29 | 16,919 | 18,255 | ||
Charles Schwab Corp. | 3.250% | 5/22/29 | 20,962 | 21,580 | ||
Charles Schwab Corp. | 2.750% | 10/1/29 | 13,988 | 13,965 | ||
Charles Schwab Corp. | 4.625% | 3/22/30 | 2,708 | 3,071 | ||
Charles Schwab Corp. | 1.650% | 3/11/31 | 6,991 | 6,348 | ||
Charles Schwab Corp. | 2.300% | 5/13/31 | 39,828 | 38,132 | ||
Charles Schwab Corp. | 1.950% | 12/1/31 | 17,995 | 16,616 | ||
Chubb INA Holdings Inc. | 1.375% | 9/15/30 | 36,675 | 32,969 | ||
CI Financial Corp. | 3.200% | 12/17/30 | 22,260 | 20,916 | ||
1 | Cincinnati Financial Corp. | 6.920% | 5/15/28 | 7,721 | 9,572 | |
Citigroup Inc. | 4.450% | 9/29/27 | 103,686 | 110,785 | ||
Citigroup Inc. | 6.625% | 1/15/28 | 8,707 | 10,409 | ||
1 | Citigroup Inc. | 3.668% | 7/24/28 | 75,315 | 77,946 | |
Citigroup Inc. | 4.125% | 7/25/28 | 63,925 | 67,154 | ||
1 | Citigroup Inc. | 3.520% | 10/27/28 | 58,183 | 59,789 | |
1 | Citigroup Inc. | 4.075% | 4/23/29 | 41,175 | 43,384 | |
1 | Citigroup Inc. | 3.980% | 3/20/30 | 49,076 | 51,670 | |
1 | Citigroup Inc. | 2.976% | 11/5/30 | 49,949 | 49,316 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Citigroup Inc. | 2.666% | 1/29/31 | 67,616 | 65,214 | |
1 | Citigroup Inc. | 4.412% | 3/31/31 | 110,613 | 120,075 | |
1 | Citigroup Inc. | 2.572% | 6/3/31 | 109,113 | 104,068 | |
Citigroup Inc. | 2.561% | 5/1/32 | 54,310 | 51,553 | ||
Citigroup Inc. | 2.520% | 11/3/32 | 35,600 | 33,544 | ||
Citigroup Inc. | 3.057% | 1/25/33 | 64,703 | 63,815 | ||
Citizens Financial Group Inc. | 2.500% | 2/6/30 | 15,849 | 15,189 | ||
Citizens Financial Group Inc. | 3.250% | 4/30/30 | 21,614 | 21,849 | ||
CME Group Inc. | 3.750% | 6/15/28 | 13,089 | 14,016 | ||
CNA Financial Corp. | 3.450% | 8/15/27 | 15,067 | 15,613 | ||
CNA Financial Corp. | 3.900% | 5/1/29 | 14,598 | 15,515 | ||
CNA Financial Corp. | 2.050% | 8/15/30 | 7,702 | 7,137 | ||
CNO Financial Group Inc. | 5.250% | 5/30/29 | 12,941 | 13,993 | ||
Comerica Inc. | 4.000% | 2/1/29 | 14,234 | 15,275 | ||
1 | Deutsche Bank AG | 3.547% | 9/18/31 | 40,918 | 40,381 | |
Deutsche Bank AG | 3.035% | 5/28/32 | 37,265 | 35,007 | ||
1 | Discover Bank | 3.450% | 7/27/26 | 1,289 | 1,326 | |
1 | Discover Bank | 4.650% | 9/13/28 | 34,687 | 37,653 | |
1 | Discover Bank | 2.700% | 2/6/30 | 14,570 | 14,042 | |
Eaton Vance Corp. | 3.500% | 4/6/27 | 7,633 | 7,906 | ||
Enstar Group Ltd. | 4.950% | 6/1/29 | 23,615 | 25,272 | ||
Enstar Group Ltd. | 3.100% | 9/1/31 | 12,707 | 11,856 | ||
Equitable Holdings Inc. | 7.000% | 4/1/28 | 7,785 | 9,456 | ||
Equitable Holdings Inc. | 4.350% | 4/20/28 | 39,119 | 41,881 | ||
Fairfax Financial Holdings Ltd. | 4.850% | 4/17/28 | 15,361 | 16,392 | ||
Fairfax Financial Holdings Ltd. | 4.625% | 4/29/30 | 16,712 | 18,069 | ||
Fairfax Financial Holdings Ltd. | 3.375% | 3/3/31 | 16,250 | 16,143 | ||
Fidelity National Financial Inc. | 4.500% | 8/15/28 | 14,666 | 15,677 | ||
Fidelity National Financial Inc. | 3.400% | 6/15/30 | 18,259 | 18,300 | ||
Fidelity National Financial Inc. | 2.450% | 3/15/31 | 15,631 | 14,565 | ||
Fifth Third Bancorp | 2.550% | 5/5/27 | 24,019 | 23,961 | ||
Fifth Third Bancorp | 1.707% | 11/1/27 | 2,473 | 2,373 | ||
Fifth Third Bancorp | 3.950% | 3/14/28 | 16,091 | 17,071 | ||
First American Financial Corp. | 4.000% | 5/15/30 | 11,442 | 11,894 | ||
First American Financial Corp. | 2.400% | 8/15/31 | 17,418 | 15,913 | ||
1 | First Horizon Bank | 5.750% | 5/1/30 | 11,805 | 13,619 | |
First-Citizens Bank & Trust Co. | 6.125% | 3/9/28 | 10,465 | 11,955 | ||
Franklin Resources Inc. | 1.600% | 10/30/30 | 19,120 | 17,111 | ||
FS KKR Capital Corp. | 3.250% | 7/15/27 | 6,702 | 6,439 | ||
FS KKR Capital Corp. | 3.125% | 10/12/28 | 14,275 | 13,268 | ||
GATX Corp. | 3.850% | 3/30/27 | 11,252 | 11,822 | ||
GATX Corp. | 3.500% | 3/15/28 | 8,118 | 8,401 | ||
GATX Corp. | 4.550% | 11/7/28 | 10,016 | 11,031 | ||
GATX Corp. | 4.700% | 4/1/29 | 5,496 | 6,046 | ||
GATX Corp. | 4.000% | 6/30/30 | 15,581 | 16,475 | ||
GATX Corp. | 1.900% | 6/1/31 | 10,038 | 9,043 | ||
Global Payments Inc. | 4.450% | 6/1/28 | 13,093 | 14,025 | ||
Global Payments Inc. | 3.200% | 8/15/29 | 37,964 | 37,527 | ||
Global Payments Inc. | 2.900% | 5/15/30 | 27,566 | 26,530 | ||
Global Payments Inc. | 2.900% | 11/15/31 | 15,655 | 14,915 | ||
Globe Life Inc. | 4.550% | 9/15/28 | 15,233 | 16,648 | ||
Globe Life Inc. | 2.150% | 8/15/30 | 9,565 | 8,957 | ||
1 | Goldman Sachs Group Inc. | 3.691% | 6/5/28 | 57,664 | 59,722 | |
1 | Goldman Sachs Group Inc. | 3.814% | 4/23/29 | 80,815 | 83,878 | |
1 | Goldman Sachs Group Inc. | 4.223% | 5/1/29 | 94,328 | 99,989 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Goldman Sachs Group Inc. | 2.600% | 2/7/30 | 38,740 | 37,251 | ||
Goldman Sachs Group Inc. | 3.800% | 3/15/30 | 88,500 | 92,180 | ||
Goldman Sachs Group Inc. | 1.992% | 1/27/32 | 55,013 | 49,623 | ||
Goldman Sachs Group Inc. | 2.615% | 4/22/32 | 119,485 | 113,030 | ||
Goldman Sachs Group Inc. | 2.383% | 7/21/32 | 93,155 | 86,371 | ||
Goldman Sachs Group Inc. | 2.650% | 10/21/32 | 67,445 | 63,968 | ||
Goldman Sachs Group Inc. | 3.102% | 2/24/33 | 106,165 | 104,431 | ||
Hanover Insurance Group Inc. | 4.500% | 4/15/26 | 148 | 158 | ||
Hanover Insurance Group Inc. | 2.500% | 9/1/30 | 7,525 | 7,204 | ||
Hartford Financial Services Group Inc. | 2.800% | 8/19/29 | 16,010 | 15,870 | ||
1 | HSBC Holdings plc | 4.041% | 3/13/28 | 64,800 | 67,167 | |
1 | HSBC Holdings plc | 2.013% | 9/22/28 | 48,036 | 45,092 | |
1 | HSBC Holdings plc | 4.583% | 6/19/29 | 91,263 | 97,409 | |
HSBC Holdings plc | 2.206% | 8/17/29 | 75,057 | 70,047 | ||
HSBC Holdings plc | 4.950% | 3/31/30 | 61,628 | 68,345 | ||
1 | HSBC Holdings plc | 3.973% | 5/22/30 | 72,302 | 74,570 | |
1 | HSBC Holdings plc | 2.848% | 6/4/31 | 32,881 | 31,415 | |
1 | HSBC Holdings plc | 2.357% | 8/18/31 | 31,454 | 28,862 | |
HSBC Holdings plc | 2.804% | 5/24/32 | 101,465 | 95,775 | ||
HSBC Holdings plc | 2.871% | 11/22/32 | 39,975 | 37,927 | ||
Huntington Bancshares Inc. | 2.550% | 2/4/30 | 23,309 | 22,667 | ||
3 | Huntington Bancshares Inc. | 2.487% | 8/15/36 | 9,941 | 9,084 | |
ING Groep NV | 3.950% | 3/29/27 | 45,816 | 48,133 | ||
ING Groep NV | 4.550% | 10/2/28 | 27,035 | 29,410 | ||
ING Groep NV | 4.050% | 4/9/29 | 18,169 | 19,294 | ||
ING Groep NV | 2.727% | 4/1/32 | 10,730 | 10,260 | ||
Intercontinental Exchange Inc. | 3.100% | 9/15/27 | 11,646 | 11,959 | ||
Intercontinental Exchange Inc. | 3.750% | 9/21/28 | 16,836 | 17,854 | ||
Intercontinental Exchange Inc. | 2.100% | 6/15/30 | 22,991 | 21,702 | ||
3 | Jackson Financial Inc. | 3.125% | 11/23/31 | 13,130 | 12,592 | |
Jefferies Group LLC | 6.450% | 6/8/27 | 6,360 | 7,453 | ||
Jefferies Group LLC | 4.150% | 1/23/30 | 29,367 | 30,862 | ||
Jefferies Group LLC | 2.625% | 10/15/31 | 20,495 | 19,056 | ||
JPMorgan Chase & Co. | 3.875% | 9/10/24 | 1 | 1 | ||
JPMorgan Chase & Co. | 1.040% | 2/4/27 | 82 | 77 | ||
JPMorgan Chase & Co. | 8.000% | 4/29/27 | 15,960 | 19,864 | ||
JPMorgan Chase & Co. | 4.250% | 10/1/27 | 43,685 | 46,713 | ||
JPMorgan Chase & Co. | 3.625% | 12/1/27 | 34,394 | 35,603 | ||
1 | JPMorgan Chase & Co. | 3.540% | 5/1/28 | 57,354 | 59,271 | |
1 | JPMorgan Chase & Co. | 2.182% | 6/1/28 | 41,187 | 39,821 | |
1 | JPMorgan Chase & Co. | 3.509% | 1/23/29 | 61,266 | 62,919 | |
1 | JPMorgan Chase & Co. | 4.005% | 4/23/29 | 56,394 | 59,432 | |
JPMorgan Chase & Co. | 2.069% | 6/1/29 | 62,433 | 59,146 | ||
1 | JPMorgan Chase & Co. | 4.203% | 7/23/29 | 54,857 | 58,430 | |
1 | JPMorgan Chase & Co. | 4.452% | 12/5/29 | 81,317 | 87,866 | |
1 | JPMorgan Chase & Co. | 3.702% | 5/6/30 | 77,163 | 80,078 | |
1 | JPMorgan Chase & Co. | 8.750% | 9/1/30 | 1,993 | 2,799 | |
1 | JPMorgan Chase & Co. | 2.739% | 10/15/30 | 98,171 | 95,911 | |
1 | JPMorgan Chase & Co. | 4.493% | 3/24/31 | 68,833 | 75,556 | |
1 | JPMorgan Chase & Co. | 2.522% | 4/22/31 | 80,468 | 77,255 | |
1 | JPMorgan Chase & Co. | 2.956% | 5/13/31 | 73,544 | 71,398 | |
JPMorgan Chase & Co. | 1.764% | 11/19/31 | 35,780 | 32,150 | ||
JPMorgan Chase & Co. | 1.953% | 2/4/32 | 80,507 | 73,423 | ||
JPMorgan Chase & Co. | 2.580% | 4/22/32 | 107,912 | 103,399 | ||
JPMorgan Chase & Co. | 2.545% | 11/8/32 | 84,000 | 80,262 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
JPMorgan Chase & Co. | 2.963% | 1/25/33 | 90,080 | 89,118 | ||
Kemper Corp. | 2.400% | 9/30/30 | 10,087 | 9,210 | ||
Kemper Corp. | 3.800% | 2/23/32 | 5,000 | 5,023 | ||
1 | KeyBank NA | 6.950% | 2/1/28 | 7,918 | 9,585 | |
1 | KeyBank NA | 3.900% | 4/13/29 | 8,630 | 9,093 | |
1 | KeyCorp | 2.250% | 4/6/27 | 24,706 | 24,345 | |
1 | KeyCorp | 4.100% | 4/30/28 | 14,716 | 15,794 | |
1 | KeyCorp | 2.550% | 10/1/29 | 21,898 | 21,296 | |
Lazard Group LLC | 3.625% | 3/1/27 | 11,870 | 12,278 | ||
Lazard Group LLC | 4.500% | 9/19/28 | 13,637 | 14,634 | ||
Lazard Group LLC | 4.375% | 3/11/29 | 8,718 | 9,239 | ||
Legg Mason Inc. | 4.750% | 3/15/26 | 510 | 555 | ||
Lincoln National Corp. | 3.800% | 3/1/28 | 15,689 | 16,514 | ||
Lincoln National Corp. | 3.050% | 1/15/30 | 10,835 | 10,774 | ||
Lincoln National Corp. | 3.400% | 1/15/31 | 12,702 | 12,919 | ||
Lloyds Banking Group plc | 4.375% | 3/22/28 | 46,101 | 49,143 | ||
Lloyds Banking Group plc | 4.550% | 8/16/28 | 27,214 | 29,405 | ||
1 | Lloyds Banking Group plc | 3.574% | 11/7/28 | 40,334 | 41,337 | |
Loews Corp. | 3.200% | 5/15/30 | 14,956 | 15,282 | ||
1 | Manufacturers & Traders Trust Co. | 3.400% | 8/17/27 | 18,823 | 19,435 | |
Manulife Financial Corp. | 2.484% | 5/19/27 | 16,888 | 16,880 | ||
Markel Corp. | 3.500% | 11/1/27 | 6,561 | 6,826 | ||
Markel Corp. | 3.350% | 9/17/29 | 9,175 | 9,424 | ||
Marsh & McLennan Cos. Inc. | 4.375% | 3/15/29 | 42,584 | 46,454 | ||
Marsh & McLennan Cos. Inc. | 2.250% | 11/15/30 | 18,653 | 17,511 | ||
Marsh & McLennan Cos. Inc. | 2.375% | 12/15/31 | 13,918 | 13,174 | ||
Mastercard Inc. | 3.300% | 3/26/27 | 35,956 | 37,788 | ||
Mastercard Inc. | 3.500% | 2/26/28 | 17,305 | 18,421 | ||
Mastercard Inc. | 2.950% | 6/1/29 | 27,804 | 28,573 | ||
Mastercard Inc. | 3.350% | 3/26/30 | 40,353 | 42,338 | ||
Mastercard Inc. | 1.900% | 3/15/31 | 14,713 | 13,999 | ||
Mastercard Inc. | 2.000% | 11/18/31 | 20,401 | 19,295 | ||
Mercury General Corp. | 4.400% | 3/15/27 | 7,617 | 8,083 | ||
MetLife Inc. | 4.550% | 3/23/30 | 29,488 | 33,102 | ||
Mitsubishi UFJ Financial Group Inc. | 3.287% | 7/25/27 | 24,847 | 25,503 | ||
Mitsubishi UFJ Financial Group Inc. | 3.961% | 3/2/28 | 33,926 | 35,884 | ||
Mitsubishi UFJ Financial Group Inc. | 4.050% | 9/11/28 | 18,185 | 19,357 | ||
Mitsubishi UFJ Financial Group Inc. | 3.741% | 3/7/29 | 40,500 | 42,350 | ||
Mitsubishi UFJ Financial Group Inc. | 3.195% | 7/18/29 | 58,794 | 59,227 | ||
Mitsubishi UFJ Financial Group Inc. | 2.559% | 2/25/30 | 34,782 | 33,398 | ||
Mitsubishi UFJ Financial Group Inc. | 2.048% | 7/17/30 | 44,633 | 41,116 | ||
Mitsubishi UFJ Financial Group Inc. | 2.309% | 7/20/32 | 58,224 | 54,082 | ||
Mitsubishi UFJ Financial Group Inc. | 2.494% | 10/13/32 | 10,370 | 9,767 | ||
Mitsubishi UFJ Financial Group Inc. | 2.852% | 1/19/33 | 12,200 | 11,817 | ||
Mizuho Financial Group Inc. | 3.170% | 9/11/27 | 22,128 | 22,534 | ||
Mizuho Financial Group Inc. | 4.018% | 3/5/28 | 27,980 | 29,545 | ||
1 | Mizuho Financial Group Inc. | 4.254% | 9/11/29 | 15,753 | 16,834 | |
1 | Mizuho Financial Group Inc. | 3.153% | 7/16/30 | 25,967 | 25,940 | |
1 | Mizuho Financial Group Inc. | 2.869% | 9/13/30 | 24,165 | 23,693 | |
1 | Mizuho Financial Group Inc. | 2.591% | 5/25/31 | 15,794 | 15,099 | |
1 | Mizuho Financial Group Inc. | 2.201% | 7/10/31 | 36,213 | 33,519 | |
1 | Mizuho Financial Group Inc. | 1.979% | 9/8/31 | 28,994 | 26,324 | |
Mizuho Financial Group Inc. | 2.564% | 9/13/31 | 31,216 | 28,582 | ||
Mizuho Financial Group Inc. | 2.172% | 5/22/32 | 10,136 | 9,290 | ||
Mizuho Financial Group Inc. | 2.260% | 7/9/32 | 4,833 | 4,462 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Morgan Stanley | 3.950% | 4/23/27 | 57,214 | 60,054 | ||
Morgan Stanley | 1.593% | 5/4/27 | 311 | 296 | ||
1 | Morgan Stanley | 3.591% | 7/22/28 | 83,955 | 86,733 | |
1 | Morgan Stanley | 3.772% | 1/24/29 | 75,917 | 78,807 | |
1 | Morgan Stanley | 4.431% | 1/23/30 | 73,651 | 79,535 | |
1 | Morgan Stanley | 2.699% | 1/22/31 | 97,432 | 94,443 | |
1 | Morgan Stanley | 3.622% | 4/1/31 | 87,490 | 90,393 | |
1 | Morgan Stanley | 1.794% | 2/13/32 | 79,301 | 70,863 | |
1 | Morgan Stanley | 1.928% | 4/28/32 | 48,250 | 43,496 | |
1 | Morgan Stanley | 2.239% | 7/21/32 | 84,049 | 77,626 | |
1 | Morgan Stanley | 2.511% | 10/20/32 | 72,870 | 68,859 | |
Morgan Stanley | 2.943% | 1/21/33 | 65,750 | 64,364 | ||
Morgan Stanley | 2.484% | 9/16/36 | 76,272 | 69,265 | ||
Morgan Stanley Domestic Holdings Inc. | 3.800% | 8/24/27 | 10,592 | 11,077 | ||
Morgan Stanley Domestic Holdings Inc. | 4.500% | 6/20/28 | 13,852 | 14,959 | ||
Nasdaq Inc. | 1.650% | 1/15/31 | 16,385 | 14,457 | ||
1 | National Australia Bank Ltd. | 2.500% | 7/12/26 | 373 | 378 | |
1 | NatWest Group plc | 3.073% | 5/22/28 | 31,522 | 31,526 | |
1 | NatWest Group plc | 4.892% | 5/18/29 | 44,820 | 48,828 | |
1 | NatWest Group plc | 5.076% | 1/27/30 | 44,805 | 49,372 | |
1 | NatWest Group plc | 4.445% | 5/8/30 | 30,349 | 32,353 | |
1 | NatWest Group plc | 3.032% | 11/28/35 | 20,321 | 18,794 | |
Nomura Holdings Inc. | 2.172% | 7/14/28 | 27,065 | 25,446 | ||
Nomura Holdings Inc. | 2.710% | 1/22/29 | 12,830 | 12,371 | ||
Nomura Holdings Inc. | 3.103% | 1/16/30 | 51,023 | 50,163 | ||
Nomura Holdings Inc. | 2.679% | 7/16/30 | 10,457 | 9,900 | ||
Nomura Holdings Inc. | 2.608% | 7/14/31 | 31,126 | 29,045 | ||
Nomura Holdings Inc. | 2.999% | 1/22/32 | 36,645 | 35,290 | ||
Northern Trust Corp. | 3.650% | 8/3/28 | 12,625 | 13,557 | ||
Northern Trust Corp. | 3.150% | 5/3/29 | 14,520 | 15,109 | ||
Northern Trust Corp. | 1.950% | 5/1/30 | 22,439 | 21,344 | ||
1 | Northern Trust Corp. | 3.375% | 5/8/32 | 7,415 | 7,558 | |
ORIX Corp. | 3.700% | 7/18/27 | 11,219 | 11,759 | ||
ORIX Corp. | 2.250% | 3/9/31 | 11,914 | 11,450 | ||
Owl Rock Capital Corp. | 2.875% | 6/11/28 | 23,677 | 21,483 | ||
PartnerRe Finance B LLC | 3.700% | 7/2/29 | 10,830 | 11,450 | ||
PartnerRe Finance B LLC | 4.500% | 10/1/50 | 12,945 | 12,802 | ||
PayPal Holdings Inc. | 2.850% | 10/1/29 | 38,009 | 37,882 | ||
PayPal Holdings Inc. | 2.300% | 6/1/30 | 23,805 | 22,697 | ||
1 | PNC Bank NA | 3.100% | 10/25/27 | 18,593 | 19,260 | |
1 | PNC Bank NA | 3.250% | 1/22/28 | 18,920 | 19,592 | |
1 | PNC Bank NA | 4.050% | 7/26/28 | 35,401 | 37,941 | |
1 | PNC Bank NA | 2.700% | 10/22/29 | 20,395 | 20,128 | |
PNC Financial Services Group Inc. | 2.600% | 7/23/26 | 4,381 | 4,442 | ||
PNC Financial Services Group Inc. | 3.150% | 5/19/27 | 32,057 | 33,226 | ||
PNC Financial Services Group Inc. | 3.450% | 4/23/29 | 42,978 | 45,111 | ||
PNC Financial Services Group Inc. | 2.550% | 1/22/30 | 41,558 | 40,864 | ||
PNC Financial Services Group Inc. | 2.307% | 4/23/32 | 29,290 | 27,907 | ||
Primerica Inc. | 2.800% | 11/19/31 | 12,605 | 12,173 | ||
Principal Financial Group Inc. | 3.100% | 11/15/26 | 10,228 | 10,462 | ||
Principal Financial Group Inc. | 3.700% | 5/15/29 | 13,158 | 14,034 | ||
Principal Financial Group Inc. | 2.125% | 6/15/30 | 9,014 | 8,526 | ||
Progressive Corp. | 4.000% | 3/1/29 | 12,272 | 13,250 | ||
Progressive Corp. | 6.625% | 3/1/29 | 2,517 | 3,119 | ||
Progressive Corp. | 3.200% | 3/26/30 | 21,836 | 22,541 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Prospect Capital Corp. | 3.437% | 10/15/28 | 8,720 | 7,875 | ||
1 | Prudential Financial Inc. | 3.878% | 3/27/28 | 11,463 | 12,250 | |
1 | Prudential Financial Inc. | 2.100% | 3/10/30 | 11,650 | 11,138 | |
1 | Prudential Financial Inc. | 4.500% | 9/15/47 | 15,017 | 14,509 | |
1 | Prudential Financial Inc. | 5.700% | 9/15/48 | 18,697 | 19,534 | |
1 | Prudential Financial Inc. | 3.700% | 10/1/50 | 24,389 | 22,400 | |
Prudential Financial Inc. | 5.125% | 3/1/52 | 2,000 | 2,018 | ||
Prudential plc | 3.125% | 4/14/30 | 22,388 | 22,786 | ||
Raymond James Financial Inc. | 4.650% | 4/1/30 | 27,461 | 30,208 | ||
Regions Financial Corp. | 1.800% | 8/12/28 | 16,925 | 15,852 | ||
Reinsurance Group of America Inc. | 3.900% | 5/15/29 | 13,930 | 14,579 | ||
Reinsurance Group of America Inc. | 3.150% | 6/15/30 | 17,141 | 17,063 | ||
RenaissanceRe Finance Inc. | 3.450% | 7/1/27 | 9,348 | 9,777 | ||
RenaissanceRe Holdings Ltd. | 3.600% | 4/15/29 | 7,985 | 8,302 | ||
1 | Royal Bank of Canada | 2.300% | 11/3/31 | 41,156 | 38,923 | |
Santander Holdings USA Inc. | 4.400% | 7/13/27 | 16,911 | 17,773 | ||
1 | Santander UK Group Holdings plc | 3.823% | 11/3/28 | 22,064 | 22,662 | |
Santander UK Group Holdings plc | 2.896% | 3/15/32 | 19,075 | 18,176 | ||
1 | State Street Corp. | 4.141% | 12/3/29 | 21,054 | 22,785 | |
State Street Corp. | 2.400% | 1/24/30 | 25,658 | 25,154 | ||
State Street Corp. | 2.200% | 3/3/31 | 27,468 | 25,881 | ||
State Street Corp. | 3.152% | 3/30/31 | 14,318 | 14,659 | ||
1 | State Street Corp. | 3.031% | 11/1/34 | 5,855 | 5,819 | |
Stewart Information Services Corp. | 3.600% | 11/15/31 | 11,745 | 11,340 | ||
Stifel Financial Corp. | 4.000% | 5/15/30 | 8,325 | 8,748 | ||
Sumitomo Mitsui Financial Group Inc. | 3.364% | 7/12/27 | 13,611 | 14,068 | ||
Sumitomo Mitsui Financial Group Inc. | 3.352% | 10/18/27 | 19,668 | 20,279 | ||
Sumitomo Mitsui Financial Group Inc. | 3.544% | 1/17/28 | 20,850 | 21,636 | ||
Sumitomo Mitsui Financial Group Inc. | 3.944% | 7/19/28 | 22,739 | 24,074 | ||
Sumitomo Mitsui Financial Group Inc. | 1.902% | 9/17/28 | 53,900 | 50,488 | ||
Sumitomo Mitsui Financial Group Inc. | 4.306% | 10/16/28 | 12,117 | 13,133 | ||
Sumitomo Mitsui Financial Group Inc. | 3.040% | 7/16/29 | 73,267 | 73,126 | ||
Sumitomo Mitsui Financial Group Inc. | 3.202% | 9/17/29 | 12,796 | 12,787 | ||
Sumitomo Mitsui Financial Group Inc. | 2.724% | 9/27/29 | 16,235 | 15,882 | ||
Sumitomo Mitsui Financial Group Inc. | 2.750% | 1/15/30 | 37,410 | 36,548 | ||
Sumitomo Mitsui Financial Group Inc. | 2.130% | 7/8/30 | 46,310 | 43,122 | ||
Sumitomo Mitsui Financial Group Inc. | 2.142% | 9/23/30 | 31,106 | 28,346 | ||
Sumitomo Mitsui Financial Group Inc. | 1.710% | 1/12/31 | 16,675 | 14,851 | ||
Sumitomo Mitsui Financial Group Inc. | 2.222% | 9/17/31 | 12,440 | 11,528 | ||
SVB Financial Group | 2.100% | 5/15/28 | 8,955 | 8,573 | ||
SVB Financial Group | 3.125% | 6/5/30 | 14,365 | 14,438 | ||
SVB Financial Group | 1.800% | 2/2/31 | 15,179 | 13,746 | ||
Synchrony Financial | 3.950% | 12/1/27 | 27,317 | 28,179 | ||
Synchrony Financial | 5.150% | 3/19/29 | 12,975 | 14,191 | ||
Synchrony Financial | 2.875% | 10/28/31 | 13,756 | 12,782 | ||
1 | Toronto-Dominion Bank | 2.000% | 9/10/31 | 29,485 | 27,353 | |
1 | Toronto-Dominion Bank | 2.450% | 1/12/32 | 16,820 | 16,106 | |
1 | Truist Bank | 2.250% | 3/11/30 | 34,838 | 33,034 | |
1 | Truist Financial Corp. | 1.125% | 8/3/27 | 23,302 | 21,619 | |
1 | Truist Financial Corp. | 3.875% | 3/19/29 | 28,637 | 30,364 | |
1 | Truist Financial Corp. | 1.887% | 6/7/29 | 27,790 | 26,250 | |
1 | Truist Financial Corp. | 1.950% | 6/5/30 | 9,181 | 8,591 | |
Unum Group | 4.000% | 6/15/29 | 10,179 | 10,732 | ||
1 | US Bancorp | 3.150% | 4/27/27 | 33,755 | 34,996 | |
1 | US Bancorp | 3.900% | 4/26/28 | 18,466 | 19,757 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | US Bancorp | 3.000% | 7/30/29 | 28,899 | 29,165 | |
1 | US Bancorp | 1.375% | 7/22/30 | 28,589 | 25,574 | |
1 | US Bancorp | 2.677% | 1/27/33 | 22,700 | 22,310 | |
US Bancorp | 2.491% | 11/3/36 | 33,005 | 30,780 | ||
Visa Inc. | 1.900% | 4/15/27 | 41,056 | 40,444 | ||
Visa Inc. | 0.750% | 8/15/27 | 14,719 | 13,636 | ||
Visa Inc. | 2.750% | 9/15/27 | 24,886 | 25,537 | ||
Visa Inc. | 2.050% | 4/15/30 | 33,488 | 32,317 | ||
Visa Inc. | 1.100% | 2/15/31 | 21,362 | 18,928 | ||
1 | Voya Financial Inc. | 4.700% | 1/23/48 | 9,126 | 8,686 | |
Webster Financial Corp. | 4.100% | 3/25/29 | 6,736 | 7,243 | ||
1 | Wells Fargo & Co. | 3.196% | 6/17/27 | 384 | 390 | |
1 | Wells Fargo & Co. | 4.300% | 7/22/27 | 69,311 | 73,990 | |
1 | Wells Fargo & Co. | 3.584% | 5/22/28 | 88,202 | 91,074 | |
1 | Wells Fargo & Co. | 2.393% | 6/2/28 | 66,349 | 64,873 | |
1 | Wells Fargo & Co. | 4.150% | 1/24/29 | 53,055 | 56,538 | |
1 | Wells Fargo & Co. | 2.879% | 10/30/30 | 98,519 | 96,968 | |
1 | Wells Fargo & Co. | 2.572% | 2/11/31 | 80,188 | 76,970 | |
1 | Wells Fargo & Co. | 4.478% | 4/4/31 | 63,595 | 69,523 | |
Western Union Co. | 2.750% | 3/15/31 | 8,139 | 7,758 | ||
Westpac Banking Corp. | 1.150% | 6/3/26 | 393 | 376 | ||
Westpac Banking Corp. | 3.350% | 3/8/27 | 39,218 | 41,013 | ||
Westpac Banking Corp. | 3.400% | 1/25/28 | 14,725 | 15,440 | ||
Westpac Banking Corp. | 1.953% | 11/20/28 | 41,915 | 40,067 | ||
Westpac Banking Corp. | 2.650% | 1/16/30 | 16,701 | 16,636 | ||
Westpac Banking Corp. | 2.150% | 6/3/31 | 30,537 | 29,093 | ||
Westpac Banking Corp. | 4.110% | 7/24/34 | 37,875 | 39,020 | ||
Westpac Banking Corp. | 2.668% | 11/15/35 | 31,889 | 28,863 | ||
Westpac Banking Corp. | 3.020% | 11/18/36 | 31,890 | 29,627 | ||
Willis North America Inc. | 4.500% | 9/15/28 | 17,684 | 18,896 | ||
Willis North America Inc. | 2.950% | 9/15/29 | 17,330 | 16,963 | ||
Wintrust Financial Corp. | 4.850% | 6/6/29 | 5,018 | 5,284 | ||
Zions Bancorp NA | 3.250% | 10/29/29 | 12,950 | 12,888 | ||
14,077,190 | ||||||
Health Care (8.6%) | ||||||
4 | Abbott Laboratories | 1.150% | 1/30/28 | 25,270 | 23,696 | |
Abbott Laboratories | 1.400% | 6/30/30 | 10,366 | 9,487 | ||
AbbVie Inc. | 4.250% | 11/14/28 | 58,861 | 63,606 | ||
AbbVie Inc. | 3.200% | 11/21/29 | 144,147 | 146,158 | ||
Adventist Health System | 2.952% | 3/1/29 | 7,705 | 7,758 | ||
Advocate Health & Hospitals Corp. | 3.829% | 8/15/28 | 7,359 | 7,902 | ||
1 | Advocate Health & Hospitals Corp. | 2.211% | 6/15/30 | 9,893 | 9,527 | |
Agilent Technologies Inc. | 2.750% | 9/15/29 | 7,827 | 7,708 | ||
Agilent Technologies Inc. | 2.100% | 6/4/30 | 13,833 | 12,819 | ||
Agilent Technologies Inc. | 2.300% | 3/12/31 | 26,275 | 24,572 | ||
AmerisourceBergen Corp. | 3.450% | 12/15/27 | 27,134 | 28,216 | ||
AmerisourceBergen Corp. | 2.800% | 5/15/30 | 9,411 | 9,232 | ||
AmerisourceBergen Corp. | 2.700% | 3/15/31 | 32,853 | 31,673 | ||
Amgen Inc. | 3.200% | 11/2/27 | 19,625 | 20,250 | ||
Amgen Inc. | 1.650% | 8/15/28 | 30,755 | 28,799 | ||
Amgen Inc. | 3.000% | 2/22/29 | 10,000 | 10,127 | ||
Amgen Inc. | 2.450% | 2/21/30 | 34,814 | 33,613 | ||
Amgen Inc. | 2.300% | 2/25/31 | 38,803 | 36,682 | ||
Amgen Inc. | 2.000% | 1/15/32 | 27,414 | 25,076 | ||
Amgen Inc. | 3.350% | 2/22/32 | 35,014 | 35,710 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Anthem Inc. | 3.650% | 12/1/27 | 41,842 | 43,895 | ||
Anthem Inc. | 4.101% | 3/1/28 | 28,974 | 30,997 | ||
Anthem Inc. | 2.875% | 9/15/29 | 31,879 | 31,833 | ||
Anthem Inc. | 2.250% | 5/15/30 | 29,436 | 27,880 | ||
Anthem Inc. | 2.550% | 3/15/31 | 26,740 | 25,761 | ||
1 | Ascension Health | 2.532% | 11/15/29 | 21,645 | 21,651 | |
AstraZeneca Finance LLC | 1.750% | 5/28/28 | 30,445 | 29,133 | ||
AstraZeneca Finance LLC | 2.250% | 5/28/31 | 15,404 | 14,815 | ||
AstraZeneca plc | 3.125% | 6/12/27 | 22,856 | 23,663 | ||
AstraZeneca plc | 4.000% | 1/17/29 | 32,721 | 35,422 | ||
AstraZeneca plc | 1.375% | 8/6/30 | 49,260 | 44,399 | ||
Banner Health | 2.338% | 1/1/30 | 7,405 | 7,181 | ||
Banner Health | 1.897% | 1/1/31 | 7,600 | 7,049 | ||
3 | Baxter International Inc. | 2.272% | 12/1/28 | 35,135 | 33,845 | |
Baxter International Inc. | 3.950% | 4/1/30 | 12,116 | 13,039 | ||
Baxter International Inc. | 1.730% | 4/1/31 | 11,650 | 10,520 | ||
3 | Baxter International Inc. | 2.539% | 2/1/32 | 38,675 | 37,069 | |
1 | Baylor Scott & White Holdings | 1.777% | 11/15/30 | 5,990 | 5,510 | |
Becton Dickinson & Co. | 3.700% | 6/6/27 | 46,971 | 49,282 | ||
Becton Dickinson & Co. | 2.823% | 5/20/30 | 15,326 | 15,088 | ||
Becton Dickinson & Co. | 1.957% | 2/11/31 | 26,152 | 23,818 | ||
Biogen Inc. | 2.250% | 5/1/30 | 32,526 | 29,773 | ||
2 | Bio-Rad Laboratories Inc. | 3.700% | 3/15/32 | 9,750 | 9,812 | |
1 | Bon Secours Mercy Health Inc. | 3.464% | 6/1/30 | 10,663 | 11,138 | |
1 | Bon Secours Mercy Health Inc. | 2.095% | 6/1/31 | 1,835 | 1,704 | |
Boston Scientific Corp. | 4.000% | 3/1/28 | 1,945 | 2,087 | ||
Boston Scientific Corp. | 4.000% | 3/1/29 | 27,903 | 29,683 | ||
Boston Scientific Corp. | 2.650% | 6/1/30 | 40,617 | 39,427 | ||
Bristol-Myers Squibb Co. | 3.250% | 2/27/27 | 10,000 | 10,459 | ||
Bristol-Myers Squibb Co. | 1.125% | 11/13/27 | 10,960 | 10,309 | ||
Bristol-Myers Squibb Co. | 3.450% | 11/15/27 | 41,895 | 44,197 | ||
Bristol-Myers Squibb Co. | 3.900% | 2/20/28 | 48,147 | 51,801 | ||
Bristol-Myers Squibb Co. | 3.400% | 7/26/29 | 94,386 | 99,379 | ||
Bristol-Myers Squibb Co. | 1.450% | 11/13/30 | 38,646 | 34,987 | ||
2 | Bristol-Myers Squibb Co. | 2.950% | 3/15/32 | 7,500 | 7,608 | |
Cardinal Health Inc. | 3.410% | 6/15/27 | 23,330 | 24,183 | ||
1 | Cedars-Sinai Health System | 2.288% | 8/15/31 | 7,190 | 6,827 | |
1 | CHRISTUS Health | 4.341% | 7/1/28 | 8,398 | 8,984 | |
1 | Cigna Corp. | 3.400% | 3/1/27 | 37,073 | 38,411 | |
1 | Cigna Corp. | 3.050% | 10/15/27 | 12,642 | 12,874 | |
Cigna Corp. | 4.375% | 10/15/28 | 88,014 | 95,400 | ||
Cigna Corp. | 2.400% | 3/15/30 | 51,605 | 49,040 | ||
Cigna Corp. | 2.375% | 3/15/31 | 40,641 | 38,256 | ||
CommonSpirit Health | 3.347% | 10/1/29 | 24,247 | 24,529 | ||
CommonSpirit Health | 2.782% | 10/1/30 | 12,536 | 12,195 | ||
CVS Health Corp. | 3.625% | 4/1/27 | 19,267 | 20,174 | ||
CVS Health Corp. | 6.250% | 6/1/27 | 6,996 | 8,169 | ||
CVS Health Corp. | 1.300% | 8/21/27 | 53,768 | 50,152 | ||
CVS Health Corp. | 4.300% | 3/25/28 | 76,551 | 82,742 | ||
CVS Health Corp. | 3.250% | 8/15/29 | 63,645 | 64,711 | ||
CVS Health Corp. | 3.750% | 4/1/30 | 37,234 | 39,067 | ||
CVS Health Corp. | 1.750% | 8/21/30 | 50,916 | 46,040 | ||
CVS Health Corp. | 1.875% | 2/28/31 | 53,774 | 48,869 | ||
CVS Health Corp. | 2.125% | 9/15/31 | 19,660 | 18,192 | ||
DENTSPLY SIRONA Inc. | 3.250% | 6/1/30 | 19,357 | 19,477 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
DH Europe Finance II Sarl | 2.600% | 11/15/29 | 19,846 | 19,489 | ||
Edwards Lifesciences Corp. | 4.300% | 6/15/28 | 14,993 | 16,243 | ||
Eli Lilly & Co. | 3.375% | 3/15/29 | 10,886 | 11,487 | ||
Gilead Sciences Inc. | 2.950% | 3/1/27 | 41,634 | 42,456 | ||
Gilead Sciences Inc. | 1.200% | 10/1/27 | 21,060 | 19,594 | ||
Gilead Sciences Inc. | 1.650% | 10/1/30 | 5,676 | 5,152 | ||
GlaxoSmithKline Capital Inc. | 3.875% | 5/15/28 | 52,764 | 56,571 | ||
GlaxoSmithKline Capital plc | 3.375% | 6/1/29 | 19,241 | 20,132 | ||
HCA Inc. | 4.500% | 2/15/27 | 18,438 | 19,526 | ||
HCA Inc. | 4.125% | 6/15/29 | 46,700 | 49,015 | ||
HCA Inc. | 2.375% | 7/15/31 | 25,065 | 23,101 | ||
Humana Inc. | 1.350% | 2/3/27 | 4,264 | 4,017 | ||
Humana Inc. | 3.950% | 3/15/27 | 12,978 | 13,722 | ||
Humana Inc. | 3.125% | 8/15/29 | 13,342 | 13,415 | ||
Humana Inc. | 4.875% | 4/1/30 | 13,200 | 14,839 | ||
Humana Inc. | 2.150% | 2/3/32 | 6,055 | 5,564 | ||
Illumina Inc. | 2.550% | 3/23/31 | 13,130 | 12,401 | ||
Johnson & Johnson | 2.950% | 3/3/27 | 39,023 | 40,475 | ||
Johnson & Johnson | 0.950% | 9/1/27 | 38,348 | 36,147 | ||
Johnson & Johnson | 2.900% | 1/15/28 | 35,866 | 37,082 | ||
Johnson & Johnson | 6.950% | 9/1/29 | 3,764 | 4,988 | ||
Johnson & Johnson | 1.300% | 9/1/30 | 40,782 | 37,409 | ||
Kaiser Foundation Hospitals | 3.150% | 5/1/27 | 18,745 | 19,415 | ||
Laboratory Corp. of America Holdings | 3.600% | 9/1/27 | 9,570 | 10,005 | ||
Laboratory Corp. of America Holdings | 2.950% | 12/1/29 | 15,639 | 15,510 | ||
Laboratory Corp. of America Holdings | 2.700% | 6/1/31 | 10,875 | 10,425 | ||
Medtronic Global Holdings SCA | 3.350% | 4/1/27 | 9,383 | 9,778 | ||
Merck & Co. Inc. | 1.700% | 6/10/27 | 39,770 | 38,745 | ||
Merck & Co. Inc. | 1.900% | 12/10/28 | 7,210 | 6,991 | ||
Merck & Co. Inc. | 3.400% | 3/7/29 | 44,303 | 46,636 | ||
Merck & Co. Inc. | 1.450% | 6/24/30 | 28,178 | 25,737 | ||
Merck & Co. Inc. | 2.150% | 12/10/31 | 75,185 | 71,820 | ||
1 | Mercy Health | 4.302% | 7/1/28 | 7,985 | 8,597 | |
Mylan Inc. | 4.550% | 4/15/28 | 20,278 | 21,604 | ||
Novartis Capital Corp. | 3.100% | 5/17/27 | 26,456 | 27,441 | ||
Novartis Capital Corp. | 2.200% | 8/14/30 | 21,917 | 21,309 | ||
1 | Ochsner LSU Health System of North Louisiana | 2.510% | 5/15/31 | 8,270 | 7,622 | |
OhioHealth Corp. | 2.297% | 11/15/31 | 7,930 | 7,541 | ||
PerkinElmer Inc. | 1.900% | 9/15/28 | 13,740 | 12,898 | ||
PerkinElmer Inc. | 3.300% | 9/15/29 | 26,247 | 26,421 | ||
PerkinElmer Inc. | 2.550% | 3/15/31 | 9,987 | 9,511 | ||
PerkinElmer Inc. | 2.250% | 9/15/31 | 10,575 | 9,677 | ||
Pfizer Inc. | 3.600% | 9/15/28 | 8,002 | 8,571 | ||
Pfizer Inc. | 3.450% | 3/15/29 | 63,363 | 66,880 | ||
Pfizer Inc. | 2.625% | 4/1/30 | 34,773 | 34,827 | ||
Pfizer Inc. | 1.700% | 5/28/30 | 31,291 | 29,182 | ||
Pfizer Inc. | 1.750% | 8/18/31 | 30,510 | 28,274 | ||
Pharmacia LLC | 6.600% | 12/1/28 | 14,929 | 18,419 | ||
1 | Piedmont Healthcare Inc. | 2.044% | 1/1/32 | 2,725 | 2,498 | |
1 | Providence St. Joseph Health Obligated Group | 2.532% | 10/1/29 | 11,383 | 11,152 | |
Quest Diagnostics Inc. | 4.200% | 6/30/29 | 18,782 | 20,227 | ||
Quest Diagnostics Inc. | 2.950% | 6/30/30 | 22,303 | 22,016 | ||
Quest Diagnostics Inc. | 2.800% | 6/30/31 | 7,379 | 7,159 | ||
Regeneron Pharmaceuticals Inc. | 1.750% | 9/15/30 | 35,606 | 31,792 | ||
Royalty Pharma plc | 1.750% | 9/2/27 | 23,832 | 22,377 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Royalty Pharma plc | 2.200% | 9/2/30 | 29,202 | 26,543 | ||
Royalty Pharma plc | 2.150% | 9/2/31 | 14,330 | 12,806 | ||
1 | Rush Obligated Group | 3.922% | 11/15/29 | 7,766 | 8,322 | |
Sanofi | 3.625% | 6/19/28 | 23,543 | 25,423 | ||
Smith & Nephew plc | 2.032% | 10/14/30 | 22,970 | 20,786 | ||
1 | SSM Health Care Corp. | 3.823% | 6/1/27 | 12,277 | 13,093 | |
1 | Stanford Health Care | 3.310% | 8/15/30 | 7,680 | 7,980 | |
STERIS Irish FinCo Unltd. Co. | 2.700% | 3/15/31 | 26,560 | 25,230 | ||
Stryker Corp. | 3.650% | 3/7/28 | 11,354 | 11,877 | ||
Stryker Corp. | 1.950% | 6/15/30 | 28,237 | 26,140 | ||
1 | Sutter Health | 3.695% | 8/15/28 | 9,199 | 9,718 | |
1 | Sutter Health | 2.294% | 8/15/30 | 17,700 | 16,635 | |
Takeda Pharmaceutical Co. Ltd. | 5.000% | 11/26/28 | 56,677 | 64,005 | ||
Takeda Pharmaceutical Co. Ltd. | 2.050% | 3/31/30 | 53,686 | 49,758 | ||
Thermo Fisher Scientific Inc. | 1.750% | 10/15/28 | 30,250 | 28,664 | ||
Thermo Fisher Scientific Inc. | 2.600% | 10/1/29 | 18,947 | 18,725 | ||
Thermo Fisher Scientific Inc. | 2.000% | 10/15/31 | 37,735 | 35,034 | ||
1 | Toledo Hospital | 5.325% | 11/15/28 | 8,202 | 9,009 | |
UnitedHealth Group Inc. | 3.450% | 1/15/27 | 90 | 95 | ||
UnitedHealth Group Inc. | 3.375% | 4/15/27 | 14,212 | 14,921 | ||
UnitedHealth Group Inc. | 2.950% | 10/15/27 | 26,957 | 27,773 | ||
UnitedHealth Group Inc. | 3.850% | 6/15/28 | 27,007 | 28,962 | ||
UnitedHealth Group Inc. | 3.875% | 12/15/28 | 11,429 | 12,314 | ||
UnitedHealth Group Inc. | 2.875% | 8/15/29 | 35,021 | 35,499 | ||
UnitedHealth Group Inc. | 2.000% | 5/15/30 | 16,153 | 15,283 | ||
UnitedHealth Group Inc. | 2.300% | 5/15/31 | 57,505 | 55,421 | ||
3 | Universal Health Services Inc. | 2.650% | 10/15/30 | 21,064 | 19,848 | |
3 | Universal Health Services Inc. | 2.650% | 1/15/32 | 6,560 | 6,070 | |
Viatris Inc. | 2.300% | 6/22/27 | 24,114 | 23,198 | ||
Viatris Inc. | 2.700% | 6/22/30 | 50,310 | 46,975 | ||
Zimmer Biomet Holdings Inc. | 3.550% | 3/20/30 | 11,396 | 11,580 | ||
Zimmer Biomet Holdings Inc. | 2.600% | 11/24/31 | 26,810 | 25,315 | ||
Zoetis Inc. | 3.000% | 9/12/27 | 22,273 | 22,704 | ||
Zoetis Inc. | 3.900% | 8/20/28 | 19,623 | 20,766 | ||
Zoetis Inc. | 2.000% | 5/15/30 | 9,524 | 8,860 | ||
4,194,331 | ||||||
Industrials (6.8%) | ||||||
3M Co. | 2.875% | 10/15/27 | 21,273 | 21,842 | ||
1 | 3M Co. | 3.625% | 9/14/28 | 8,239 | 8,756 | |
1 | 3M Co. | 3.375% | 3/1/29 | 21,696 | 22,646 | |
3M Co. | 2.375% | 8/26/29 | 39,344 | 38,509 | ||
3M Co. | 3.050% | 4/15/30 | 12,662 | 12,956 | ||
Acuity Brands Lighting Inc. | 2.150% | 12/15/30 | 12,777 | 11,810 | ||
Allegion plc | 3.500% | 10/1/29 | 11,947 | 12,132 | ||
Allegion US Holding Co. Inc. | 3.550% | 10/1/27 | 8,600 | 8,818 | ||
1 | American Airlines Pass-Through Trust Class AA Series 2015-2 | 3.600% | 9/22/27 | 2,829 | 2,844 | |
1 | American Airlines Pass-Through Trust Class AA Series 2016-1 | 3.575% | 1/15/28 | 8,802 | 8,793 | |
1 | American Airlines Pass-Through Trust Class AA Series 2016-2 | 3.200% | 6/15/28 | 9,792 | 9,618 | |
1 | American Airlines Pass-Through Trust Class AA Series 2016-3 | 3.000% | 10/15/28 | 6,387 | 6,254 | |
1 | American Airlines Pass-Through Trust Class AA Series 2017-1 | 3.650% | 2/15/29 | 8,901 | 8,986 | |
1 | American Airlines Pass-Through Trust Class AA Series 2017-2 | 3.350% | 10/15/29 | 10,386 | 10,291 | |
1 | American Airlines Pass-Through Trust Class AA Series 2019-1 | 3.150% | 2/15/32 | 1,783 | 1,735 | |
Amphenol Corp. | 4.350% | 6/1/29 | 9,553 | 10,373 | ||
Amphenol Corp. | 2.800% | 2/15/30 | 26,246 | 25,821 | ||
Amphenol Corp. | 2.200% | 9/15/31 | 13,879 | 12,833 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Boeing Co. | 2.800% | 3/1/27 | 15,526 | 15,323 | ||
Boeing Co. | 5.040% | 5/1/27 | 51,148 | 55,613 | ||
Boeing Co. | 3.250% | 2/1/28 | 16,776 | 16,819 | ||
Boeing Co. | 3.250% | 3/1/28 | 19,381 | 19,413 | ||
Boeing Co. | 3.450% | 11/1/28 | 16,944 | 17,063 | ||
Boeing Co. | 3.200% | 3/1/29 | 23,745 | 23,476 | ||
Boeing Co. | 2.950% | 2/1/30 | 32,579 | 31,413 | ||
Boeing Co. | 5.150% | 5/1/30 | 113,136 | 124,861 | ||
Boeing Co. | 3.625% | 2/1/31 | 41,710 | 42,075 | ||
Burlington Northern Santa Fe LLC | 3.250% | 6/15/27 | 27,893 | 29,358 | ||
Canadian National Railway Co. | 6.900% | 7/15/28 | 6,088 | 7,551 | ||
Canadian Pacific Railway Co. | 4.000% | 6/1/28 | 10,228 | 10,951 | ||
Canadian Pacific Railway Co. | 2.050% | 3/5/30 | 23,677 | 22,352 | ||
Canadian Pacific Railway Co. | 7.125% | 10/15/31 | 4,540 | 5,990 | ||
Canadian Pacific Railway Co. | 2.450% | 12/2/31 | 33,790 | 32,436 | ||
Carrier Global Corp. | 2.722% | 2/15/30 | 77,750 | 75,608 | ||
Carrier Global Corp. | 2.700% | 2/15/31 | 20,210 | 19,542 | ||
1 | Caterpillar Financial Services Corp. | 1.100% | 9/14/27 | 18,255 | 17,159 | |
Caterpillar Inc. | 2.600% | 9/19/29 | 7,820 | 7,830 | ||
Caterpillar Inc. | 2.600% | 4/9/30 | 30,891 | 30,873 | ||
Caterpillar Inc. | 1.900% | 3/12/31 | 6,751 | 6,448 | ||
CH Robinson Worldwide Inc. | 4.200% | 4/15/28 | 13,879 | 15,043 | ||
1 | CNH Industrial NV | 3.850% | 11/15/27 | 19,086 | 19,983 | |
CSX Corp. | 3.250% | 6/1/27 | 24,941 | 25,807 | ||
CSX Corp. | 3.800% | 3/1/28 | 19,881 | 21,030 | ||
CSX Corp. | 4.250% | 3/15/29 | 25,541 | 27,806 | ||
CSX Corp. | 2.400% | 2/15/30 | 8,104 | 7,858 | ||
Cummins Inc. | 1.500% | 9/1/30 | 21,991 | 19,776 | ||
Deere & Co. | 5.375% | 10/16/29 | 5,895 | 7,012 | ||
Deere & Co. | 3.100% | 4/15/30 | 29,611 | 30,638 | ||
3 | Delta Air Lines Inc. | 4.750% | 10/20/28 | 21,000 | 21,882 | |
1 | Delta Air Lines Pass-Through Trust Class AA Series 2020-1 | 2.000% | 6/10/28 | 15,390 | 14,649 | |
Dover Corp. | 2.950% | 11/4/29 | 7,564 | 7,651 | ||
Eaton Corp. | 3.103% | 9/15/27 | 15,826 | 16,322 | ||
Emerson Electric Co. | 1.800% | 10/15/27 | 17,206 | 16,590 | ||
Emerson Electric Co. | 2.000% | 12/21/28 | 26,005 | 25,105 | ||
Emerson Electric Co. | 1.950% | 10/15/30 | 6,628 | 6,193 | ||
Emerson Electric Co. | 2.200% | 12/21/31 | 37,965 | 36,090 | ||
FedEx Corp. | 3.400% | 2/15/28 | 17,105 | 17,801 | ||
FedEx Corp. | 4.200% | 10/17/28 | 10,697 | 11,699 | ||
FedEx Corp. | 3.100% | 8/5/29 | 20,906 | 21,213 | ||
FedEx Corp. | 4.250% | 5/15/30 | 22,581 | 24,574 | ||
FedEx Corp. | 2.400% | 5/15/31 | 23,750 | 22,582 | ||
Flowserve Corp. | 3.500% | 10/1/30 | 14,371 | 14,239 | ||
General Dynamics Corp. | 3.500% | 4/1/27 | 17,486 | 18,416 | ||
General Dynamics Corp. | 2.625% | 11/15/27 | 13,618 | 13,816 | ||
General Dynamics Corp. | 3.750% | 5/15/28 | 25,537 | 27,174 | ||
General Dynamics Corp. | 3.625% | 4/1/30 | 29,369 | 31,269 | ||
General Dynamics Corp. | 2.250% | 6/1/31 | 4,614 | 4,479 | ||
Honeywell International Inc. | 1.100% | 3/1/27 | 7,955 | 7,522 | ||
Honeywell International Inc. | 2.700% | 8/15/29 | 14,436 | 14,551 | ||
Honeywell International Inc. | 1.950% | 6/1/30 | 35,280 | 33,278 | ||
Honeywell International Inc. | 1.750% | 9/1/31 | 60,250 | 55,558 | ||
Huntington Ingalls Industries Inc. | 3.483% | 12/1/27 | 10,741 | 11,012 | ||
3 | Huntington Ingalls Industries Inc. | 2.043% | 8/16/28 | 8,940 | 8,415 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Huntington Ingalls Industries Inc. | 4.200% | 5/1/30 | 17,360 | 18,589 | ||
IDEX Corp. | 3.000% | 5/1/30 | 22,301 | 22,082 | ||
1 | John Deere Capital Corp. | 1.750% | 3/9/27 | 24,321 | 23,787 | |
1 | John Deere Capital Corp. | 2.800% | 9/8/27 | 17,164 | 17,596 | |
1 | John Deere Capital Corp. | 3.050% | 1/6/28 | 8,395 | 8,697 | |
1 | John Deere Capital Corp. | 1.500% | 3/6/28 | 10,793 | 10,312 | |
1 | John Deere Capital Corp. | 3.450% | 3/7/29 | 12,582 | 13,300 | |
1 | John Deere Capital Corp. | 2.800% | 7/18/29 | 14,050 | 14,260 | |
1 | John Deere Capital Corp. | 2.450% | 1/9/30 | 28,934 | 28,595 | |
John Deere Capital Corp. | 1.450% | 1/15/31 | 11,480 | 10,468 | ||
Johnson Controls International plc | 1.750% | 9/15/30 | 17,560 | 16,063 | ||
Johnson Controls International plc | 2.000% | 9/16/31 | 8,970 | 8,171 | ||
Kansas City Southern | 2.875% | 11/15/29 | 11,108 | 11,037 | ||
Kennametal Inc. | 4.625% | 6/15/28 | 7,178 | 7,712 | ||
Keysight Technologies Inc. | 4.600% | 4/6/27 | 12,196 | 13,315 | ||
Keysight Technologies Inc. | 3.000% | 10/30/29 | 17,324 | 17,338 | ||
Kirby Corp. | 4.200% | 3/1/28 | 12,915 | 13,336 | ||
L3Harris Technologies Inc. | 4.400% | 6/15/28 | 23,307 | 25,195 | ||
1 | L3Harris Technologies Inc. | 4.400% | 6/15/28 | 27,442 | 29,676 | |
L3Harris Technologies Inc. | 1.800% | 1/15/31 | 15,870 | 14,358 | ||
Lennox International Inc. | 1.700% | 8/1/27 | 6,954 | 6,629 | ||
Lockheed Martin Corp. | 1.850% | 6/15/30 | 19,501 | 18,276 | ||
3 | Mileage Plus Holdings LLC | 6.500% | 6/20/27 | 16,000 | 16,881 | |
Norfolk Southern Corp. | 7.800% | 5/15/27 | 4,517 | 5,674 | ||
Norfolk Southern Corp. | 3.150% | 6/1/27 | 12,330 | 12,715 | ||
Norfolk Southern Corp. | 3.800% | 8/1/28 | 17,671 | 18,707 | ||
Norfolk Southern Corp. | 2.550% | 11/1/29 | 15,221 | 15,066 | ||
Norfolk Southern Corp. | 2.300% | 5/15/31 | 11,890 | 11,443 | ||
Northrop Grumman Corp. | 3.250% | 1/15/28 | 40,861 | 41,936 | ||
Northrop Grumman Corp. | 4.400% | 5/1/30 | 40,455 | 44,591 | ||
3 | Northrop Grumman Corp. | 7.750% | 2/15/31 | 5,502 | 7,383 | |
nVent Finance Sarl | 4.550% | 4/15/28 | 12,496 | 13,406 | ||
nVent Finance Sarl | 2.750% | 11/15/31 | 6,545 | 6,215 | ||
Oshkosh Corp. | 4.600% | 5/15/28 | 7,520 | 8,086 | ||
Oshkosh Corp. | 3.100% | 3/1/30 | 8,245 | 8,079 | ||
Otis Worldwide Corp. | 2.293% | 4/5/27 | 16,778 | 16,543 | ||
Otis Worldwide Corp. | 2.565% | 2/15/30 | 36,095 | 34,995 | ||
Parker-Hannifin Corp. | 3.250% | 3/1/27 | 18,502 | 19,156 | ||
Parker-Hannifin Corp. | 3.250% | 6/14/29 | 27,574 | 28,118 | ||
Pentair Finance Sarl | 4.500% | 7/1/29 | 8,791 | 9,500 | ||
Raytheon Technologies Corp. | 3.500% | 3/15/27 | 35,484 | 37,080 | ||
Raytheon Technologies Corp. | 3.125% | 5/4/27 | 34,817 | 35,898 | ||
Raytheon Technologies Corp. | 7.200% | 8/15/27 | 3,118 | 3,844 | ||
Raytheon Technologies Corp. | 4.125% | 11/16/28 | 89,274 | 96,504 | ||
Raytheon Technologies Corp. | 2.250% | 7/1/30 | 20,691 | 19,658 | ||
Raytheon Technologies Corp. | 1.900% | 9/1/31 | 29,545 | 26,998 | ||
Republic Services Inc. | 3.375% | 11/15/27 | 23,371 | 24,142 | ||
Republic Services Inc. | 3.950% | 5/15/28 | 12,229 | 13,004 | ||
Republic Services Inc. | 2.300% | 3/1/30 | 19,589 | 18,668 | ||
Republic Services Inc. | 1.450% | 2/15/31 | 8,287 | 7,319 | ||
Republic Services Inc. | 1.750% | 2/15/32 | 13,990 | 12,476 | ||
Rockwell Automation Inc. | 3.500% | 3/1/29 | 11,426 | 12,086 | ||
Rockwell Automation Inc. | 1.750% | 8/15/31 | 5,285 | 4,837 | ||
1 | Ryder System Inc. | 2.850% | 3/1/27 | 2,000 | 2,006 | |
Southwest Airlines Co. | 3.000% | 11/15/26 | 9,695 | 9,810 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Southwest Airlines Co. | 5.125% | 6/15/27 | 50,043 | 55,544 | ||
Southwest Airlines Co. | 3.450% | 11/16/27 | 3,855 | 3,969 | ||
Southwest Airlines Co. | 2.625% | 2/10/30 | 14,360 | 13,725 | ||
1 | Spirit Airlines Pass-Through Trust Class A Series 2015-1 | 4.100% | 4/1/28 | 2,068 | 2,077 | |
Teledyne Technologies Inc. | 2.250% | 4/1/28 | 19,965 | 19,413 | ||
Teledyne Technologies Inc. | 2.750% | 4/1/31 | 29,313 | 28,199 | ||
Textron Inc. | 3.650% | 3/15/27 | 14,728 | 15,268 | ||
Textron Inc. | 3.375% | 3/1/28 | 9,918 | 10,127 | ||
Textron Inc. | 3.900% | 9/17/29 | 12,781 | 13,464 | ||
Textron Inc. | 3.000% | 6/1/30 | 8,573 | 8,435 | ||
Textron Inc. | 2.450% | 3/15/31 | 8,030 | 7,540 | ||
Timken Co. | 4.500% | 12/15/28 | 8,451 | 9,081 | ||
Trane Technologies Global Holding Co. Ltd. | 3.750% | 8/21/28 | 15,292 | 15,948 | ||
Trane Technologies Luxembourg Finance SA | 3.800% | 3/21/29 | 18,568 | 19,497 | ||
Trimble Inc. | 4.900% | 6/15/28 | 15,763 | 16,976 | ||
Tyco Electronics Group SA | 3.125% | 8/15/27 | 16,530 | 16,982 | ||
Tyco Electronics Group SA | 2.500% | 2/4/32 | 15,000 | 14,587 | ||
Union Pacific Corp. | 2.150% | 2/5/27 | 9,239 | 9,142 | ||
Union Pacific Corp. | 3.000% | 4/15/27 | 13,056 | 13,439 | ||
Union Pacific Corp. | 3.950% | 9/10/28 | 28,751 | 30,934 | ||
Union Pacific Corp. | 6.625% | 2/1/29 | 675 | 844 | ||
Union Pacific Corp. | 3.700% | 3/1/29 | 15,785 | 16,743 | ||
Union Pacific Corp. | 2.400% | 2/5/30 | 20,775 | 20,268 | ||
Union Pacific Corp. | 2.375% | 5/20/31 | 20,840 | 20,222 | ||
Union Pacific Corp. | 2.800% | 2/14/32 | 9,000 | 9,024 | ||
Union Pacific Corp. | 2.891% | 4/6/36 | 6,000 | 5,850 | ||
1 | United Airlines Pass-Through Trust Class A Series 2016-1 | 3.450% | 7/7/28 | 3,310 | 3,218 | |
1 | United Airlines Pass-Through Trust Class A Series 2020-1 | 5.875% | 10/15/27 | 72,889 | 76,821 | |
1 | United Airlines Pass-Through Trust Class AA Series 2015-1 | 3.450% | 12/1/27 | 6,184 | 6,260 | |
1 | United Airlines Pass-Through Trust Class AA Series 2016-1 | 3.100% | 7/7/28 | 9,646 | 9,540 | |
1 | United Airlines Pass-Through Trust Class AA Series 2016-2 | 2.875% | 10/7/28 | 7,733 | 7,578 | |
1 | United Airlines Pass-Through Trust Class AA Series 2018-1 | 3.500% | 3/1/30 | 3,649 | 3,693 | |
1 | United Airlines Pass-Through Trust Class AA Series 2019-1 | 4.150% | 8/25/31 | 7,497 | 7,892 | |
United Parcel Service Inc. | 3.050% | 11/15/27 | 26,655 | 27,817 | ||
United Parcel Service Inc. | 3.400% | 3/15/29 | 22,872 | 24,133 | ||
United Parcel Service Inc. | 2.500% | 9/1/29 | 14,792 | 14,739 | ||
United Parcel Service Inc. | 4.450% | 4/1/30 | 19,984 | 22,554 | ||
United Rentals North America Inc. | 3.875% | 11/15/27 | 18,000 | 18,258 | ||
1 | US Airways Pass-Through Trust Class A Series 2012-1 | 5.900% | 10/1/24 | 535 | 559 | |
Vontier Corp. | 2.400% | 4/1/28 | 12,990 | 11,926 | ||
Vontier Corp. | 2.950% | 4/1/31 | 15,802 | 14,351 | ||
Waste Connections Inc. | 4.250% | 12/1/28 | 8,634 | 9,295 | ||
Waste Connections Inc. | 3.500% | 5/1/29 | 15,770 | 16,316 | ||
Waste Connections Inc. | 2.600% | 2/1/30 | 18,322 | 17,789 | ||
Waste Connections Inc. | 2.200% | 1/15/32 | 4,410 | 4,092 | ||
Waste Management Inc. | 3.150% | 11/15/27 | 28,891 | 29,729 | ||
Waste Management Inc. | 1.150% | 3/15/28 | 15,120 | 13,812 | ||
Waste Management Inc. | 2.000% | 6/1/29 | 5,580 | 5,314 | ||
Waste Management Inc. | 1.500% | 3/15/31 | 27,238 | 24,383 | ||
Westinghouse Air Brake Technologies Corp. | 4.950% | 9/15/28 | 32,657 | 35,472 | ||
Xylem Inc. | 1.950% | 1/30/28 | 17,591 | 16,825 | ||
Xylem Inc. | 2.250% | 1/30/31 | 11,877 | 11,172 | ||
3,326,656 | ||||||
Materials (3.0%) | ||||||
Air Products and Chemicals Inc. | 1.850% | 5/15/27 | 15,616 | 15,295 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Air Products and Chemicals Inc. | 2.050% | 5/15/30 | 19,189 | 18,339 | ||
Amcor Finance USA Inc. | 4.500% | 5/15/28 | 9,750 | 10,751 | ||
1 | Amcor Flexibles North America Inc. | 3.100% | 9/15/26 | 6,123 | 6,209 | |
Amcor Flexibles North America Inc. | 2.630% | 6/19/30 | 23,301 | 22,515 | ||
Amcor Flexibles North America Inc. | 2.690% | 5/25/31 | 7,517 | 7,234 | ||
AngloGold Ashanti Holdings plc | 3.375% | 11/1/28 | 19,075 | 17,930 | ||
AngloGold Ashanti Holdings plc | 3.750% | 10/1/30 | 18,590 | 17,563 | ||
ArcelorMittal SA | 4.250% | 7/16/29 | 17,960 | 18,404 | ||
Cabot Corp. | 4.000% | 7/1/29 | 6,075 | 6,412 | ||
Carlisle Cos. Inc. | 3.750% | 12/1/27 | 11,912 | 12,435 | ||
Carlisle Cos. Inc. | 2.750% | 3/1/30 | 17,244 | 16,733 | ||
Celanese US Holdings LLC | 1.400% | 8/5/26 | 8,800 | 8,277 | ||
Celulosa Arauco y Constitucion SA | 3.875% | 11/2/27 | 12,343 | 12,654 | ||
Dow Chemical Co. | 4.800% | 11/30/28 | 16,130 | 18,007 | ||
Dow Chemical Co. | 7.375% | 11/1/29 | 8,020 | 10,384 | ||
Dow Chemical Co. | 2.100% | 11/15/30 | 42,782 | 39,914 | ||
DuPont de Nemours Inc. | 4.725% | 11/15/28 | 41,825 | 46,323 | ||
Eagle Materials Inc. | 2.500% | 7/1/31 | 19,685 | 18,403 | ||
Eastman Chemical Co. | 4.500% | 12/1/28 | 12,367 | 13,404 | ||
Ecolab Inc. | 3.250% | 12/1/27 | 13,022 | 13,643 | ||
Ecolab Inc. | 4.800% | 3/24/30 | 19,041 | 21,852 | ||
Ecolab Inc. | 1.300% | 1/30/31 | 7,103 | 6,322 | ||
Ecolab Inc. | 2.125% | 2/1/32 | 18,730 | 17,669 | ||
EI du Pont de Nemours & Co. | 2.300% | 7/15/30 | 11,641 | 11,237 | ||
FMC Corp. | 3.450% | 10/1/29 | 16,137 | 16,286 | ||
Freeport-McMoRan Inc. | 5.000% | 9/1/27 | 7,000 | 7,218 | ||
Freeport-McMoRan Inc. | 4.125% | 3/1/28 | 18,100 | 18,297 | ||
Freeport-McMoRan Inc. | 4.375% | 8/1/28 | 16,000 | 16,258 | ||
Freeport-McMoRan Inc. | 5.250% | 9/1/29 | 14,500 | 15,195 | ||
Freeport-McMoRan Inc. | 4.250% | 3/1/30 | 15,660 | 15,772 | ||
Freeport-McMoRan Inc. | 4.625% | 8/1/30 | 20,185 | 20,802 | ||
3 | Georgia-Pacific LLC | 2.100% | 4/30/27 | 4,700 | 4,583 | |
Georgia-Pacific LLC | 7.750% | 11/15/29 | 11,017 | 14,671 | ||
3 | Georgia-Pacific LLC | 2.300% | 4/30/30 | 6,650 | 6,399 | |
Georgia-Pacific LLC | 8.875% | 5/15/31 | 3,787 | 5,495 | ||
Huntsman International LLC | 4.500% | 5/1/29 | 18,124 | 19,224 | ||
Huntsman International LLC | 2.950% | 6/15/31 | 12,170 | 11,651 | ||
International Flavors & Fragrances Inc. | 4.450% | 9/26/28 | 6,936 | 7,525 | ||
Kinross Gold Corp. | 4.500% | 7/15/27 | 11,729 | 12,615 | ||
Linde Inc. | 1.100% | 8/10/30 | 13,990 | 12,453 | ||
LYB International Finance III LLC | 2.250% | 10/1/30 | 15,580 | 14,638 | ||
Martin Marietta Materials Inc. | 3.450% | 6/1/27 | 6,548 | 6,819 | ||
Martin Marietta Materials Inc. | 3.500% | 12/15/27 | 20,536 | 21,579 | ||
1 | Martin Marietta Materials Inc. | 2.500% | 3/15/30 | 15,305 | 14,674 | |
Martin Marietta Materials Inc. | 2.400% | 7/15/31 | 18,126 | 17,062 | ||
Mosaic Co. | 4.050% | 11/15/27 | 17,184 | 18,157 | ||
NewMarket Corp. | 2.700% | 3/18/31 | 8,875 | 8,543 | ||
Newmont Corp. | 2.800% | 10/1/29 | 20,650 | 20,195 | ||
Newmont Corp. | 2.250% | 10/1/30 | 25,993 | 24,321 | ||
Nucor Corp. | 3.950% | 5/1/28 | 12,266 | 13,035 | ||
Nucor Corp. | 2.700% | 6/1/30 | 15,337 | 15,090 | ||
Nutrien Ltd. | 4.200% | 4/1/29 | 13,854 | 15,019 | ||
Nutrien Ltd. | 2.950% | 5/13/30 | 21,957 | 21,985 | ||
Packaging Corp. of America | 3.400% | 12/15/27 | 12,223 | 12,731 | ||
Packaging Corp. of America | 3.000% | 12/15/29 | 9,430 | 9,430 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PPG Industries Inc. | 3.750% | 3/15/28 | 16,163 | 17,357 | ||
PPG Industries Inc. | 2.800% | 8/15/29 | 9,594 | 9,581 | ||
PPG Industries Inc. | 2.550% | 6/15/30 | 14,026 | 13,682 | ||
Reliance Steel & Aluminum Co. | 2.150% | 8/15/30 | 8,449 | 7,834 | ||
Rio Tinto Alcan Inc. | 7.250% | 3/15/31 | 4,400 | 5,849 | ||
Rio Tinto Finance USA Ltd. | 7.125% | 7/15/28 | 17,779 | 22,249 | ||
Rohm & Haas Co. | 7.850% | 7/15/29 | 14,660 | 19,230 | ||
RPM International Inc. | 3.750% | 3/15/27 | 14,532 | 15,297 | ||
RPM International Inc. | 4.550% | 3/1/29 | 15,718 | 17,059 | ||
RPM International Inc. | 2.950% | 1/15/32 | 8,298 | 8,089 | ||
Sherwin-Williams Co. | 3.450% | 6/1/27 | 11,722 | 12,196 | ||
Sherwin-Williams Co. | 2.950% | 8/15/29 | 39,058 | 39,169 | ||
Sherwin-Williams Co. | 2.300% | 5/15/30 | 20,102 | 19,083 | ||
Sonoco Products Co. | 3.125% | 5/1/30 | 15,749 | 15,734 | ||
Steel Dynamics Inc. | 1.650% | 10/15/27 | 11,296 | 10,635 | ||
Steel Dynamics Inc. | 3.450% | 4/15/30 | 26,529 | 26,981 | ||
Steel Dynamics Inc. | 3.250% | 1/15/31 | 24,098 | 24,065 | ||
Suzano Austria GmbH | 6.000% | 1/15/29 | 46,018 | 50,564 | ||
Suzano Austria GmbH | 5.000% | 1/15/30 | 34,404 | 35,388 | ||
Suzano Austria GmbH | 3.750% | 1/15/31 | 24,302 | 22,939 | ||
1 | Suzano Austria GmbH | 3.125% | 1/15/32 | 32,600 | 28,955 | |
Teck Resources Ltd. | 3.900% | 7/15/30 | 14,390 | 14,729 | ||
Vale Overseas Ltd. | 3.750% | 7/8/30 | 40,488 | 39,992 | ||
Vulcan Materials Co. | 3.900% | 4/1/27 | 11,057 | 11,651 | ||
Vulcan Materials Co. | 3.500% | 6/1/30 | 18,885 | 19,563 | ||
Westlake Corp. | 3.375% | 6/15/30 | 7,855 | 7,960 | ||
WestRock MWV LLC | 8.200% | 1/15/30 | 5,293 | 6,988 | ||
WestRock MWV LLC | 7.950% | 2/15/31 | 3,085 | 4,132 | ||
WRKCo Inc. | 3.375% | 9/15/27 | 14,165 | 14,631 | ||
WRKCo Inc. | 4.000% | 3/15/28 | 14,340 | 15,213 | ||
WRKCo Inc. | 3.900% | 6/1/28 | 21,533 | 22,468 | ||
WRKCo Inc. | 4.900% | 3/15/29 | 34,863 | 38,700 | ||
1,463,594 | ||||||
Real Estate (7.1%) | ||||||
Agree LP | 2.000% | 6/15/28 | 7,855 | 7,402 | ||
Agree LP | 2.900% | 10/1/30 | 10,193 | 9,871 | ||
Alexandria Real Estate Equities Inc. | 4.300% | 1/15/26 | 448 | 478 | ||
Alexandria Real Estate Equities Inc. | 3.800% | 4/15/26 | 224 | 236 | ||
Alexandria Real Estate Equities Inc. | 3.950% | 1/15/28 | 10,304 | 10,943 | ||
Alexandria Real Estate Equities Inc. | 4.500% | 7/30/29 | 7,441 | 8,204 | ||
Alexandria Real Estate Equities Inc. | 2.750% | 12/15/29 | 17,178 | 16,993 | ||
Alexandria Real Estate Equities Inc. | 4.700% | 7/1/30 | 14,883 | 16,639 | ||
Alexandria Real Estate Equities Inc. | 4.900% | 12/15/30 | 26,260 | 30,118 | ||
Alexandria Real Estate Equities Inc. | 3.375% | 8/15/31 | 7,746 | 7,917 | ||
American Assets Trust LP | 3.375% | 2/1/31 | 13,016 | 12,617 | ||
American Campus Communities Operating Partnership LP | 3.300% | 7/15/26 | 373 | 384 | ||
American Campus Communities Operating Partnership LP | 3.625% | 11/15/27 | 14,165 | 14,672 | ||
American Campus Communities Operating Partnership LP | 2.250% | 1/15/29 | 9,720 | 9,142 | ||
American Campus Communities Operating Partnership LP | 2.850% | 2/1/30 | 10,813 | 10,489 | ||
American Campus Communities Operating Partnership LP | 3.875% | 1/30/31 | 6,808 | 7,099 | ||
American Homes 4 Rent LP | 4.250% | 2/15/28 | 17,189 | 18,138 | ||
American Homes 4 Rent LP | 4.900% | 2/15/29 | 9,927 | 10,918 | ||
American Homes 4 Rent LP | 2.375% | 7/15/31 | 14,365 | 13,182 | ||
American Tower Corp. | 3.125% | 1/15/27 | 9,705 | 9,808 | ||
American Tower Corp. | 3.550% | 7/15/27 | 15,898 | 16,353 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
American Tower Corp. | 3.600% | 1/15/28 | 22,263 | 22,852 | ||
American Tower Corp. | 1.500% | 1/31/28 | 17,824 | 16,338 | ||
American Tower Corp. | 3.950% | 3/15/29 | 18,658 | 19,377 | ||
American Tower Corp. | 3.800% | 8/15/29 | 38,613 | 39,910 | ||
American Tower Corp. | 2.900% | 1/15/30 | 20,945 | 20,220 | ||
American Tower Corp. | 2.100% | 6/15/30 | 17,835 | 16,172 | ||
American Tower Corp. | 1.875% | 10/15/30 | 15,534 | 13,763 | ||
American Tower Corp. | 2.700% | 4/15/31 | 21,220 | 19,999 | ||
American Tower Corp. | 2.300% | 9/15/31 | 22,475 | 20,422 | ||
1 | AvalonBay Communities Inc. | 3.350% | 5/15/27 | 11,454 | 11,927 | |
1 | AvalonBay Communities Inc. | 3.200% | 1/15/28 | 10,325 | 10,617 | |
AvalonBay Communities Inc. | 1.900% | 12/1/28 | 16,500 | 15,726 | ||
1 | AvalonBay Communities Inc. | 3.300% | 6/1/29 | 10,648 | 11,036 | |
1 | AvalonBay Communities Inc. | 2.300% | 3/1/30 | 17,384 | 16,813 | |
1 | AvalonBay Communities Inc. | 2.450% | 1/15/31 | 11,585 | 11,275 | |
AvalonBay Communities Inc. | 2.050% | 1/15/32 | 1,570 | 1,464 | ||
Boston Properties LP | 4.500% | 12/1/28 | 8,225 | 8,973 | ||
Boston Properties LP | 3.400% | 6/21/29 | 22,543 | 23,040 | ||
Boston Properties LP | 2.900% | 3/15/30 | 15,612 | 15,222 | ||
Boston Properties LP | 3.250% | 1/30/31 | 33,187 | 33,129 | ||
Brandywine Operating Partnership LP | 3.950% | 11/15/27 | 11,872 | 12,391 | ||
Brandywine Operating Partnership LP | 4.550% | 10/1/29 | 10,107 | 10,841 | ||
Brixmor Operating Partnership LP | 3.900% | 3/15/27 | 7,028 | 7,326 | ||
Brixmor Operating Partnership LP | 2.250% | 4/1/28 | 7,075 | 6,722 | ||
Brixmor Operating Partnership LP | 4.125% | 5/15/29 | 16,998 | 17,942 | ||
Brixmor Operating Partnership LP | 4.050% | 7/1/30 | 32,718 | 34,232 | ||
Brixmor Operating Partnership LP | 2.500% | 8/16/31 | 13,105 | 12,087 | ||
Broadstone Net Lease LLC | 2.600% | 9/15/31 | 12,100 | 11,186 | ||
Camden Property Trust | 4.100% | 10/15/28 | 7,957 | 8,607 | ||
Camden Property Trust | 3.150% | 7/1/29 | 25,448 | 25,969 | ||
Camden Property Trust | 2.800% | 5/15/30 | 17,726 | 17,565 | ||
CBRE Services Inc. | 2.500% | 4/1/31 | 12,930 | 12,240 | ||
Corporate Office Properties LP | 2.250% | 3/15/26 | 432 | 425 | ||
Corporate Office Properties LP | 2.000% | 1/15/29 | 14,865 | 13,710 | ||
Corporate Office Properties LP | 2.750% | 4/15/31 | 14,528 | 13,616 | ||
Crown Castle International Corp. | 4.000% | 3/1/27 | 12,408 | 13,026 | ||
Crown Castle International Corp. | 3.650% | 9/1/27 | 20,886 | 21,622 | ||
Crown Castle International Corp. | 3.800% | 2/15/28 | 29,652 | 30,819 | ||
Crown Castle International Corp. | 4.300% | 2/15/29 | 20,285 | 21,583 | ||
Crown Castle International Corp. | 3.100% | 11/15/29 | 15,019 | 14,783 | ||
Crown Castle International Corp. | 3.300% | 7/1/30 | 22,757 | 22,570 | ||
Crown Castle International Corp. | 2.250% | 1/15/31 | 29,390 | 26,755 | ||
Crown Castle International Corp. | 2.100% | 4/1/31 | 28,002 | 25,223 | ||
Crown Castle International Corp. | 2.500% | 7/15/31 | 21,715 | 20,162 | ||
CubeSmart LP | 2.250% | 12/15/28 | 15,635 | 14,863 | ||
CubeSmart LP | 4.375% | 2/15/29 | 9,836 | 10,637 | ||
CubeSmart LP | 3.000% | 2/15/30 | 3,561 | 3,533 | ||
CubeSmart LP | 2.000% | 2/15/31 | 15,702 | 14,297 | ||
CubeSmart LP | 2.500% | 2/15/32 | 15,225 | 14,261 | ||
CyrusOne LP | 3.450% | 11/15/29 | 15,878 | 16,822 | ||
CyrusOne LP | 2.150% | 11/1/30 | 10,550 | 10,245 | ||
Digital Realty Trust LP | 3.700% | 8/15/27 | 12,847 | 13,454 | ||
Digital Realty Trust LP | 4.450% | 7/15/28 | 17,221 | 18,579 | ||
Digital Realty Trust LP | 3.600% | 7/1/29 | 37,182 | 38,273 | ||
Duke Realty LP | 3.375% | 12/15/27 | 13,244 | 13,707 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Duke Realty LP | 4.000% | 9/15/28 | 12,704 | 13,617 | ||
Duke Realty LP | 2.875% | 11/15/29 | 10,114 | 10,109 | ||
Duke Realty LP | 1.750% | 7/1/30 | 11,964 | 10,865 | ||
Duke Realty LP | 1.750% | 2/1/31 | 6,990 | 6,305 | ||
Duke Realty LP | 2.250% | 1/15/32 | 13,160 | 12,334 | ||
EPR Properties | 4.500% | 6/1/27 | 14,899 | 15,185 | ||
EPR Properties | 3.750% | 8/15/29 | 22,553 | 21,723 | ||
EPR Properties | 3.600% | 11/15/31 | 4,312 | 4,046 | ||
Equinix Inc. | 1.800% | 7/15/27 | 22,729 | 21,480 | ||
Equinix Inc. | 1.550% | 3/15/28 | 12,876 | 11,834 | ||
Equinix Inc. | 2.000% | 5/15/28 | 12,370 | 11,597 | ||
Equinix Inc. | 3.200% | 11/18/29 | 24,286 | 23,969 | ||
Equinix Inc. | 2.150% | 7/15/30 | 27,323 | 24,926 | ||
Equinix Inc. | 2.500% | 5/15/31 | 28,095 | 25,984 | ||
ERP Operating LP | 3.250% | 8/1/27 | 11,144 | 11,540 | ||
ERP Operating LP | 3.500% | 3/1/28 | 17,674 | 18,610 | ||
ERP Operating LP | 4.150% | 12/1/28 | 8,637 | 9,344 | ||
ERP Operating LP | 3.000% | 7/1/29 | 13,698 | 13,856 | ||
ERP Operating LP | 2.500% | 2/15/30 | 20,733 | 20,303 | ||
ERP Operating LP | 1.850% | 8/1/31 | 13,270 | 12,235 | ||
Essential Properties LP | 2.950% | 7/15/31 | 10,464 | 9,639 | ||
Essex Portfolio LP | 3.375% | 4/15/26 | 830 | 854 | ||
Essex Portfolio LP | 3.625% | 5/1/27 | 10,843 | 11,378 | ||
Essex Portfolio LP | 1.700% | 3/1/28 | 7,657 | 7,235 | ||
Essex Portfolio LP | 4.000% | 3/1/29 | 10,181 | 10,840 | ||
Essex Portfolio LP | 3.000% | 1/15/30 | 21,471 | 21,383 | ||
Essex Portfolio LP | 1.650% | 1/15/31 | 9,234 | 8,187 | ||
Essex Portfolio LP | 2.550% | 6/15/31 | 2,060 | 1,965 | ||
Extra Space Storage LP | 2.550% | 6/1/31 | 11,710 | 11,049 | ||
Federal Realty Investment Trust | 3.250% | 7/15/27 | 10,457 | 10,796 | ||
Federal Realty Investment Trust | 3.200% | 6/15/29 | 8,505 | 8,632 | ||
Federal Realty Investment Trust | 3.500% | 6/1/30 | 12,336 | 12,659 | ||
GLP Capital LP | 5.750% | 6/1/28 | 15,756 | 17,426 | ||
GLP Capital LP | 5.300% | 1/15/29 | 21,185 | 23,050 | ||
GLP Capital LP | 4.000% | 1/15/30 | 22,003 | 22,183 | ||
GLP Capital LP | 4.000% | 1/15/31 | 20,758 | 20,990 | ||
GLP Capital LP | 3.250% | 1/15/32 | 7,220 | 6,789 | ||
Healthcare Realty Trust Inc. | 3.625% | 1/15/28 | 11,571 | 11,893 | ||
Healthcare Realty Trust Inc. | 2.400% | 3/15/30 | 11,519 | 10,883 | ||
Healthcare Realty Trust Inc. | 2.050% | 3/15/31 | 7,580 | 6,938 | ||
Healthcare Trust of America Holdings LP | 3.500% | 8/1/26 | 1,028 | 1,065 | ||
Healthcare Trust of America Holdings LP | 3.750% | 7/1/27 | 13,386 | 14,078 | ||
Healthcare Trust of America Holdings LP | 3.100% | 2/15/30 | 14,486 | 14,287 | ||
Healthcare Trust of America Holdings LP | 2.000% | 3/15/31 | 25,276 | 22,842 | ||
Healthpeak Properties Inc. | 3.250% | 7/15/26 | 5,581 | 5,774 | ||
Healthpeak Properties Inc. | 2.125% | 12/1/28 | 3,890 | 3,729 | ||
Healthpeak Properties Inc. | 3.500% | 7/15/29 | 14,614 | 15,125 | ||
Healthpeak Properties Inc. | 3.000% | 1/15/30 | 29,694 | 29,621 | ||
Healthpeak Properties Inc. | 2.875% | 1/15/31 | 15,162 | 14,903 | ||
Highwoods Realty LP | 3.875% | 3/1/27 | 12,541 | 13,236 | ||
Highwoods Realty LP | 4.125% | 3/15/28 | 9,469 | 10,075 | ||
Highwoods Realty LP | 4.200% | 4/15/29 | 11,846 | 12,523 | ||
Highwoods Realty LP | 3.050% | 2/15/30 | 13,666 | 13,486 | ||
Highwoods Realty LP | 2.600% | 2/1/31 | 2,269 | 2,147 | ||
1 | Host Hotels & Resorts LP | 3.375% | 12/15/29 | 16,899 | 16,657 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Host Hotels & Resorts LP | 3.500% | 9/15/30 | 15,091 | 14,766 | |
1 | Host Hotels & Resorts LP | 2.900% | 12/15/31 | 16,967 | 15,680 | |
Hudson Pacific Properties LP | 3.950% | 11/1/27 | 5,857 | 6,094 | ||
Hudson Pacific Properties LP | 4.650% | 4/1/29 | 14,356 | 15,579 | ||
Hudson Pacific Properties LP | 3.250% | 1/15/30 | 13,865 | 13,829 | ||
Invitation Homes Operating Partnership LP | 2.300% | 11/15/28 | 15,600 | 14,745 | ||
Invitation Homes Operating Partnership LP | 2.000% | 8/15/31 | 19,625 | 17,445 | ||
Kilroy Realty LP | 4.750% | 12/15/28 | 11,533 | 12,694 | ||
Kilroy Realty LP | 4.250% | 8/15/29 | 8,749 | 9,297 | ||
Kilroy Realty LP | 3.050% | 2/15/30 | 15,636 | 15,370 | ||
Kimco Realty Corp. | 3.800% | 4/1/27 | 11,190 | 11,755 | ||
Kimco Realty Corp. | 1.900% | 3/1/28 | 14,282 | 13,463 | ||
Kimco Realty Corp. | 2.700% | 10/1/30 | 8,175 | 7,934 | ||
Kimco Realty Corp. | 2.250% | 12/1/31 | 1,530 | 1,412 | ||
Kite Realty Group Trust | 4.750% | 9/15/30 | 10,408 | 11,191 | ||
Life Storage LP | 3.875% | 12/15/27 | 9,883 | 10,479 | ||
Life Storage LP | 4.000% | 6/15/29 | 12,785 | 13,556 | ||
Life Storage LP | 2.200% | 10/15/30 | 9,960 | 9,221 | ||
Life Storage LP | 2.400% | 10/15/31 | 15,025 | 13,945 | ||
LifeStorage LP | 3.500% | 7/1/26 | 455 | 473 | ||
LXP Industrial Trust | 2.700% | 9/15/30 | 9,849 | 9,382 | ||
LXP Industrial Trust | 2.375% | 10/1/31 | 9,424 | 8,702 | ||
Mid-America Apartments LP | 3.600% | 6/1/27 | 8,837 | 9,294 | ||
Mid-America Apartments LP | 4.200% | 6/15/28 | 11,901 | 12,822 | ||
Mid-America Apartments LP | 3.950% | 3/15/29 | 26,335 | 28,157 | ||
Mid-America Apartments LP | 2.750% | 3/15/30 | 6,600 | 6,510 | ||
Mid-America Apartments LP | 1.700% | 2/15/31 | 4,055 | 3,658 | ||
National Health Investors Inc. | 3.000% | 2/1/31 | 14,008 | 12,921 | ||
National Retail Properties Inc. | 3.500% | 10/15/27 | 10,654 | 11,117 | ||
National Retail Properties Inc. | 4.300% | 10/15/28 | 15,905 | 17,031 | ||
National Retail Properties Inc. | 2.500% | 4/15/30 | 7,784 | 7,468 | ||
Office Properties Income Trust | 2.650% | 6/15/26 | 136 | 130 | ||
Office Properties Income Trust | 3.450% | 10/15/31 | 10,485 | 9,609 | ||
Omega Healthcare Investors Inc. | 5.250% | 1/15/26 | 225 | 242 | ||
Omega Healthcare Investors Inc. | 4.500% | 4/1/27 | 16,231 | 17,132 | ||
Omega Healthcare Investors Inc. | 4.750% | 1/15/28 | 15,039 | 15,819 | ||
Omega Healthcare Investors Inc. | 3.625% | 10/1/29 | 19,542 | 19,245 | ||
Omega Healthcare Investors Inc. | 3.375% | 2/1/31 | 12,996 | 12,309 | ||
Phillips Edison Grocery Center Operating Partnership I LP | 2.625% | 11/15/31 | 10,033 | 9,338 | ||
Physicians Realty LP | 4.300% | 3/15/27 | 9,704 | 10,416 | ||
Physicians Realty LP | 3.950% | 1/15/28 | 7,837 | 8,225 | ||
Physicians Realty LP | 2.625% | 11/1/31 | 28,391 | 26,718 | ||
Piedmont Operating Partnership LP | 3.150% | 8/15/30 | 7,644 | 7,466 | ||
Prologis LP | 2.125% | 4/15/27 | 27,583 | 27,142 | ||
Prologis LP | 3.875% | 9/15/28 | 10,290 | 10,979 | ||
Prologis LP | 4.375% | 2/1/29 | 6,702 | 7,380 | ||
Prologis LP | 2.250% | 4/15/30 | 23,774 | 22,839 | ||
Prologis LP | 1.250% | 10/15/30 | 19,050 | 16,810 | ||
Prologis LP | 1.625% | 3/15/31 | 9,642 | 8,759 | ||
Public Storage | 3.094% | 9/15/27 | 14,846 | 15,399 | ||
Public Storage | 1.850% | 5/1/28 | 11,132 | 10,628 | ||
Public Storage | 1.950% | 11/9/28 | 15,155 | 14,499 | ||
Public Storage | 3.385% | 5/1/29 | 14,113 | 14,682 | ||
Public Storage | 2.300% | 5/1/31 | 4,068 | 3,904 | ||
Public Storage | 2.250% | 11/9/31 | 38,175 | 36,311 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Rayonier LP | 2.750% | 5/17/31 | 9,600 | 9,164 | ||
Realty Income Corp. | 4.875% | 6/1/26 | 377 | 411 | ||
Realty Income Corp. | 4.125% | 10/15/26 | 8,076 | 8,573 | ||
Realty Income Corp. | 3.950% | 8/15/27 | 15,663 | 16,652 | ||
Realty Income Corp. | 3.400% | 1/15/28 | 20,621 | 21,284 | ||
Realty Income Corp. | 3.650% | 1/15/28 | 13,967 | 14,583 | ||
Realty Income Corp. | 2.200% | 6/15/28 | 10,628 | 10,290 | ||
Realty Income Corp. | 3.250% | 6/15/29 | 13,999 | 14,350 | ||
Realty Income Corp. | 3.100% | 12/15/29 | 10,883 | 10,981 | ||
Realty Income Corp. | 3.250% | 1/15/31 | 23,845 | 24,234 | ||
Regency Centers LP | 4.125% | 3/15/28 | 10,315 | 11,029 | ||
Regency Centers LP | 2.950% | 9/15/29 | 13,548 | 13,373 | ||
Regency Centers LP | 3.700% | 6/15/30 | 10,585 | 11,043 | ||
Rexford Industrial Realty LP | 2.125% | 12/1/30 | 6,746 | 6,099 | ||
Rexford Industrial Realty LP | 2.150% | 9/1/31 | 14,080 | 12,657 | ||
Sabra Health Care LP | 3.900% | 10/15/29 | 12,128 | 12,105 | ||
Sabra Health Care LP | 3.200% | 12/1/31 | 9,490 | 8,810 | ||
Safehold Operating Partnership LP | 2.800% | 6/15/31 | 10,965 | 10,216 | ||
Simon Property Group LP | 3.300% | 1/15/26 | 360 | 369 | ||
Simon Property Group LP | 3.375% | 6/15/27 | 13,581 | 14,024 | ||
Simon Property Group LP | 3.375% | 12/1/27 | 23,292 | 24,022 | ||
Simon Property Group LP | 1.750% | 2/1/28 | 23,225 | 21,847 | ||
Simon Property Group LP | 2.450% | 9/13/29 | 27,255 | 26,337 | ||
Simon Property Group LP | 2.650% | 7/15/30 | 25,939 | 25,251 | ||
Simon Property Group LP | 2.200% | 2/1/31 | 19,322 | 18,023 | ||
Simon Property Group LP | 2.250% | 1/15/32 | 40,950 | 37,958 | ||
Simon Property Group LP | 2.650% | 2/1/32 | 2,500 | 2,404 | ||
SITE Centers Corp. | 4.700% | 6/1/27 | 8,944 | 9,560 | ||
Spirit Realty LP | 3.200% | 1/15/27 | 9 | 9 | ||
Spirit Realty LP | 2.100% | 3/15/28 | 16,324 | 15,356 | ||
Spirit Realty LP | 4.000% | 7/15/29 | 16,294 | 16,948 | ||
Spirit Realty LP | 3.400% | 1/15/30 | 10,431 | 10,410 | ||
Spirit Realty LP | 3.200% | 2/15/31 | 4,195 | 4,109 | ||
Spirit Realty LP | 2.700% | 2/15/32 | 1,545 | 1,453 | ||
STORE Capital Corp. | 4.500% | 3/15/28 | 7,636 | 8,153 | ||
STORE Capital Corp. | 4.625% | 3/15/29 | 7,327 | 7,865 | ||
STORE Capital Corp. | 2.750% | 11/18/30 | 13,506 | 12,745 | ||
STORE Capital Corp. | 2.700% | 12/1/31 | 9,455 | 8,763 | ||
Sun Communities Operating LP | 2.300% | 11/1/28 | 7,175 | 6,765 | ||
Sun Communities Operating LP | 2.700% | 7/15/31 | 32,573 | 30,642 | ||
Tanger Properties LP | 3.875% | 7/15/27 | 7,713 | 7,976 | ||
Tanger Properties LP | 2.750% | 9/1/31 | 9,215 | 8,362 | ||
1 | UDR Inc. | 3.500% | 7/1/27 | 6,271 | 6,548 | |
1 | UDR Inc. | 3.500% | 1/15/28 | 8,442 | 8,689 | |
1 | UDR Inc. | 4.400% | 1/26/29 | 11,758 | 12,702 | |
1 | UDR Inc. | 3.200% | 1/15/30 | 13,599 | 13,633 | |
UDR Inc. | 3.000% | 8/15/31 | 14,867 | 14,655 | ||
Ventas Realty LP | 3.850% | 4/1/27 | 8,593 | 9,057 | ||
Ventas Realty LP | 4.000% | 3/1/28 | 12,368 | 13,143 | ||
Ventas Realty LP | 4.400% | 1/15/29 | 23,682 | 25,677 | ||
Ventas Realty LP | 3.000% | 1/15/30 | 16,060 | 15,881 | ||
Ventas Realty LP | 4.750% | 11/15/30 | 8,605 | 9,614 | ||
Ventas Realty LP | 2.500% | 9/1/31 | 2,655 | 2,504 | ||
Vornado Realty LP | 3.400% | 6/1/31 | 9,975 | 9,650 | ||
Welltower Inc. | 4.250% | 4/1/26 | 682 | 726 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Welltower Inc. | 2.700% | 2/15/27 | 7,185 | 7,240 | ||
Welltower Inc. | 4.250% | 4/15/28 | 25,211 | 27,064 | ||
Welltower Inc. | 4.125% | 3/15/29 | 12,897 | 13,806 | ||
Welltower Inc. | 3.100% | 1/15/30 | 22,840 | 22,854 | ||
Welltower Inc. | 2.750% | 1/15/31 | 27,691 | 26,813 | ||
Welltower Inc. | 2.800% | 6/1/31 | 11,737 | 11,364 | ||
Welltower Inc. | 2.750% | 1/15/32 | 8,600 | 8,239 | ||
Weyerhaeuser Co. | 6.950% | 10/1/27 | 4,574 | 5,505 | ||
Weyerhaeuser Co. | 4.000% | 11/15/29 | 17,637 | 18,800 | ||
Weyerhaeuser Co. | 4.000% | 4/15/30 | 33,068 | 35,104 | ||
WP Carey Inc. | 3.850% | 7/15/29 | 8,577 | 8,984 | ||
WP Carey Inc. | 2.400% | 2/1/31 | 13,914 | 13,065 | ||
3,432,623 | ||||||
Technology (8.5%) | ||||||
Adobe Inc. | 2.300% | 2/1/30 | 30,678 | 29,895 | ||
Amdocs Ltd. | 2.538% | 6/15/30 | 11,870 | 11,190 | ||
Analog Devices Inc. | 1.700% | 10/1/28 | 22,745 | 21,649 | ||
Analog Devices Inc. | 2.100% | 10/1/31 | 28,105 | 26,803 | ||
Apple Inc. | 3.200% | 5/11/27 | 57,111 | 59,840 | ||
Apple Inc. | 3.000% | 6/20/27 | 23,122 | 24,062 | ||
Apple Inc. | 2.900% | 9/12/27 | 60,879 | 62,780 | ||
Apple Inc. | 3.000% | 11/13/27 | 38,657 | 40,168 | ||
Apple Inc. | 1.200% | 2/8/28 | 65,487 | 61,540 | ||
Apple Inc. | 1.400% | 8/5/28 | 59,785 | 56,436 | ||
Apple Inc. | 2.200% | 9/11/29 | 49,666 | 48,739 | ||
Apple Inc. | 1.650% | 5/11/30 | 43,975 | 41,123 | ||
Apple Inc. | 1.250% | 8/20/30 | 29,802 | 26,861 | ||
Apple Inc. | 1.650% | 2/8/31 | 76,777 | 71,261 | ||
Apple Inc. | 1.700% | 8/5/31 | 25,475 | 23,622 | ||
Applied Materials Inc. | 3.300% | 4/1/27 | 26,956 | 28,156 | ||
Applied Materials Inc. | 1.750% | 6/1/30 | 20,621 | 19,302 | ||
Arrow Electronics Inc. | 3.875% | 1/12/28 | 13,082 | 13,611 | ||
Autodesk Inc. | 3.500% | 6/15/27 | 12,321 | 12,832 | ||
Autodesk Inc. | 2.850% | 1/15/30 | 21,030 | 20,547 | ||
Autodesk Inc. | 2.400% | 12/15/31 | 26,385 | 24,444 | ||
Automatic Data Processing Inc. | 1.700% | 5/15/28 | 31,045 | 29,928 | ||
Automatic Data Processing Inc. | 1.250% | 9/1/30 | 21,930 | 19,735 | ||
Avnet Inc. | 3.000% | 5/15/31 | 7,940 | 7,561 | ||
Broadcom Corp. | 3.500% | 1/15/28 | 21,515 | 21,979 | ||
Broadcom Inc. | 3.459% | 9/15/26 | 3,794 | 3,907 | ||
3 | Broadcom Inc. | 1.950% | 2/15/28 | 13,195 | 12,460 | |
Broadcom Inc. | 4.110% | 9/15/28 | 45,080 | 47,379 | ||
Broadcom Inc. | 4.750% | 4/15/29 | 57,595 | 62,599 | ||
Broadcom Inc. | 5.000% | 4/15/30 | 45,284 | 50,048 | ||
Broadcom Inc. | 4.150% | 11/15/30 | 54,590 | 57,245 | ||
3 | Broadcom Inc. | 2.450% | 2/15/31 | 60,580 | 55,959 | |
Broadridge Financial Solutions Inc. | 2.900% | 12/1/29 | 18,287 | 18,014 | ||
Broadridge Financial Solutions Inc. | 2.600% | 5/1/31 | 27,735 | 26,082 | ||
CDW LLC | 4.250% | 4/1/28 | 8,819 | 8,726 | ||
CDW LLC | 3.250% | 2/15/29 | 11,649 | 10,855 | ||
CDW LLC | 3.569% | 12/1/31 | 24,550 | 23,908 | ||
3 | CGI Inc. | 2.300% | 9/14/31 | 10,503 | 9,701 | |
Cintas Corp. No. 2 | 3.700% | 4/1/27 | 25,907 | 27,355 | ||
Citrix Systems Inc. | 4.500% | 12/1/27 | 18,505 | 19,140 | ||
Citrix Systems Inc. | 3.300% | 3/1/30 | 19,776 | 19,857 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Dell Inc. | 7.100% | 4/15/28 | 2,000 | 2,334 | ||
Dell International LLC | 6.100% | 7/15/27 | 14,431 | 16,626 | ||
Dell International LLC | 5.300% | 10/1/29 | 54,106 | 60,565 | ||
Dell International LLC | 6.200% | 7/15/30 | 22,789 | 26,984 | ||
DXC Technology Co. | 2.375% | 9/15/28 | 23,100 | 21,939 | ||
Equifax Inc. | 3.100% | 5/15/30 | 14,455 | 14,319 | ||
Equifax Inc. | 2.350% | 9/15/31 | 27,355 | 25,153 | ||
Fidelity National Information Services Inc. | 1.650% | 3/1/28 | 20,935 | 19,398 | ||
Fidelity National Information Services Inc. | 3.750% | 5/21/29 | 16,567 | 17,125 | ||
Fidelity National Information Services Inc. | 2.250% | 3/1/31 | 35,170 | 32,163 | ||
Fiserv Inc. | 2.250% | 6/1/27 | 22,888 | 22,383 | ||
Fiserv Inc. | 4.200% | 10/1/28 | 30,384 | 32,403 | ||
Fiserv Inc. | 3.500% | 7/1/29 | 73,722 | 74,823 | ||
Fiserv Inc. | 2.650% | 6/1/30 | 24,377 | 23,260 | ||
Flex Ltd. | 4.875% | 6/15/29 | 21,437 | 23,194 | ||
Flex Ltd. | 4.875% | 5/12/30 | 12,729 | 13,746 | ||
Fortinet Inc. | 2.200% | 3/15/31 | 13,095 | 12,046 | ||
HP Inc. | 3.000% | 6/17/27 | 25,521 | 25,741 | ||
HP Inc. | 3.400% | 6/17/30 | 26,205 | 26,447 | ||
HP Inc. | 2.650% | 6/17/31 | 29,028 | 27,243 | ||
Hubbell Inc. | 3.150% | 8/15/27 | 6,503 | 6,655 | ||
Hubbell Inc. | 3.500% | 2/15/28 | 11,479 | 11,905 | ||
Hubbell Inc. | 2.300% | 3/15/31 | 7,445 | 7,068 | ||
IHS Markit Ltd. | 4.750% | 8/1/28 | 13,722 | 15,372 | ||
IHS Markit Ltd. | 4.250% | 5/1/29 | 17,311 | 18,878 | ||
Intel Corp. | 3.750% | 3/25/27 | 25,487 | 27,116 | ||
Intel Corp. | 3.150% | 5/11/27 | 22,322 | 23,137 | ||
Intel Corp. | 1.600% | 8/12/28 | 25,600 | 24,278 | ||
Intel Corp. | 2.450% | 11/15/29 | 50,319 | 49,285 | ||
Intel Corp. | 3.900% | 3/25/30 | 35,141 | 37,895 | ||
Intel Corp. | 2.000% | 8/12/31 | 38,545 | 35,912 | ||
International Business Machines Corp. | 1.700% | 5/15/27 | 29,833 | 28,684 | ||
International Business Machines Corp. | 6.220% | 8/1/27 | 5,864 | 6,964 | ||
International Business Machines Corp. | 6.500% | 1/15/28 | 6,345 | 7,682 | ||
International Business Machines Corp. | 3.500% | 5/15/29 | 74,413 | 77,919 | ||
International Business Machines Corp. | 1.950% | 5/15/30 | 38,442 | 36,094 | ||
International Business Machines Corp. | 2.720% | 2/9/32 | 6,500 | 6,407 | ||
Intuit Inc. | 1.350% | 7/15/27 | 16,618 | 15,720 | ||
Intuit Inc. | 1.650% | 7/15/30 | 9,695 | 8,908 | ||
Jabil Inc. | 3.950% | 1/12/28 | 14,191 | 14,834 | ||
Jabil Inc. | 3.600% | 1/15/30 | 12,595 | 12,758 | ||
Jabil Inc. | 3.000% | 1/15/31 | 15,074 | 14,430 | ||
Juniper Networks Inc. | 3.750% | 8/15/29 | 17,245 | 17,790 | ||
Juniper Networks Inc. | 2.000% | 12/10/30 | 15,754 | 14,115 | ||
KLA Corp. | 4.100% | 3/15/29 | 20,075 | 21,649 | ||
3 | Kyndryl Holdings Inc. | 2.700% | 10/15/28 | 12,460 | 11,525 | |
3 | Kyndryl Holdings Inc. | 3.150% | 10/15/31 | 17,600 | 15,981 | |
Lam Research Corp. | 4.000% | 3/15/29 | 23,636 | 25,634 | ||
Lam Research Corp. | 1.900% | 6/15/30 | 19,735 | 18,474 | ||
Leidos Inc. | 4.375% | 5/15/30 | 20,909 | 22,210 | ||
Leidos Inc. | 2.300% | 2/15/31 | 27,157 | 24,765 | ||
Marvell Technology Inc. | 2.450% | 4/15/28 | 18,370 | 17,720 | ||
1 | Marvell Technology Inc. | 4.875% | 6/22/28 | 14,352 | 15,683 | |
Marvell Technology Inc. | 2.950% | 4/15/31 | 19,052 | 18,400 | ||
Maxim Integrated Products Inc. | 3.450% | 6/15/27 | 9,885 | 10,328 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Micron Technology Inc. | 5.327% | 2/6/29 | 12,646 | 14,131 | ||
Micron Technology Inc. | 4.663% | 2/15/30 | 20,625 | 22,366 | ||
Moody's Corp. | 3.250% | 1/15/28 | 15,656 | 16,239 | ||
Moody's Corp. | 4.250% | 2/1/29 | 10,350 | 11,203 | ||
Moody's Corp. | 2.000% | 8/19/31 | 16,130 | 14,815 | ||
Motorola Solutions Inc. | 4.600% | 2/23/28 | 27,388 | 29,553 | ||
Motorola Solutions Inc. | 4.600% | 5/23/29 | 15,882 | 17,138 | ||
Motorola Solutions Inc. | 2.300% | 11/15/30 | 26,091 | 23,982 | ||
Motorola Solutions Inc. | 2.750% | 5/24/31 | 14,855 | 14,030 | ||
NetApp Inc. | 2.375% | 6/22/27 | 14,680 | 14,513 | ||
NetApp Inc. | 2.700% | 6/22/30 | 17,496 | 16,936 | ||
NVIDIA Corp. | 1.550% | 6/15/28 | 32,765 | 30,909 | ||
NVIDIA Corp. | 2.850% | 4/1/30 | 38,940 | 39,426 | ||
NVIDIA Corp. | 2.000% | 6/15/31 | 36,015 | 33,882 | ||
3 | NXP BV | 3.150% | 5/1/27 | 15,859 | 16,070 | |
3 | NXP BV | 5.550% | 12/1/28 | 14,139 | 16,147 | |
3 | NXP BV | 4.300% | 6/18/29 | 27,016 | 28,852 | |
3 | NXP BV | 3.400% | 5/1/30 | 23,335 | 23,540 | |
3 | NXP BV | 2.500% | 5/11/31 | 34,900 | 32,485 | |
3 | NXP BV | 2.650% | 2/15/32 | 23,025 | 21,685 | |
Oracle Corp. | 2.800% | 4/1/27 | 68,583 | 68,173 | ||
Oracle Corp. | 3.250% | 11/15/27 | 65,924 | 66,759 | ||
Oracle Corp. | 2.300% | 3/25/28 | 52,279 | 49,749 | ||
Oracle Corp. | 2.950% | 4/1/30 | 82,394 | 79,671 | ||
Oracle Corp. | 3.250% | 5/15/30 | 12,067 | 11,906 | ||
Oracle Corp. | 2.875% | 3/25/31 | 90,089 | 85,996 | ||
Qorvo Inc. | 4.375% | 10/15/29 | 20,500 | 20,913 | ||
QUALCOMM Inc. | 3.250% | 5/20/27 | 47,285 | 49,287 | ||
QUALCOMM Inc. | 1.300% | 5/20/28 | 24,092 | 22,407 | ||
QUALCOMM Inc. | 2.150% | 5/20/30 | 32,673 | 31,366 | ||
Quanta Services Inc. | 2.900% | 10/1/30 | 25,640 | 24,586 | ||
Quanta Services Inc. | 2.350% | 1/15/32 | 710 | 643 | ||
RELX Capital Inc. | 4.000% | 3/18/29 | 20,383 | 21,723 | ||
RELX Capital Inc. | 3.000% | 5/22/30 | 21,729 | 21,746 | ||
Roper Technologies Inc. | 1.400% | 9/15/27 | 25,873 | 24,171 | ||
Roper Technologies Inc. | 4.200% | 9/15/28 | 15,406 | 16,455 | ||
Roper Technologies Inc. | 2.950% | 9/15/29 | 24,844 | 24,606 | ||
Roper Technologies Inc. | 2.000% | 6/30/30 | 14,185 | 12,961 | ||
Roper Technologies Inc. | 1.750% | 2/15/31 | 41,810 | 37,090 | ||
S&P Global Inc. | 2.500% | 12/1/29 | 18,342 | 18,002 | ||
S&P Global Inc. | 1.250% | 8/15/30 | 15,710 | 13,962 | ||
salesforce.com Inc. | 3.700% | 4/11/28 | 37,894 | 40,438 | ||
salesforce.com Inc. | 1.500% | 7/15/28 | 33,350 | 31,495 | ||
salesforce.com Inc. | 1.950% | 7/15/31 | 43,360 | 40,885 | ||
ServiceNow Inc. | 1.400% | 9/1/30 | 38,694 | 34,122 | ||
Skyworks Solutions Inc. | 3.000% | 6/1/31 | 28,607 | 26,690 | ||
3 | TD SYNNEX Corp. | 2.375% | 8/9/28 | 13,080 | 12,187 | |
3 | TD SYNNEX Corp. | 2.650% | 8/9/31 | 15,835 | 14,229 | |
Teledyne FLIR LLC | 2.500% | 8/1/30 | 13,439 | 12,701 | ||
Texas Instruments Inc. | 2.900% | 11/3/27 | 9,649 | 10,006 | ||
Texas Instruments Inc. | 2.250% | 9/4/29 | 18,895 | 18,635 | ||
Texas Instruments Inc. | 1.750% | 5/4/30 | 18,729 | 17,653 | ||
Texas Instruments Inc. | 1.900% | 9/15/31 | 14,075 | 13,277 | ||
TSMC Arizona Corp. | 2.500% | 10/25/31 | 32,100 | 30,616 | ||
Verisk Analytics Inc. | 4.125% | 3/15/29 | 24,201 | 25,802 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
VMware Inc. | 4.650% | 5/15/27 | 22,957 | 24,855 | ||
VMware Inc. | 3.900% | 8/21/27 | 27,524 | 28,787 | ||
VMware Inc. | 1.800% | 8/15/28 | 22,830 | 21,162 | ||
VMware Inc. | 4.700% | 5/15/30 | 31,256 | 34,313 | ||
VMware Inc. | 2.200% | 8/15/31 | 42,610 | 38,995 | ||
Western Digital Corp. | 2.850% | 2/1/29 | 13,095 | 12,472 | ||
Western Digital Corp. | 3.100% | 2/1/32 | 2,000 | 1,858 | ||
Xilinx Inc. | 2.375% | 6/1/30 | 19,388 | 18,684 | ||
4,147,302 | ||||||
Utilities (7.1%) | ||||||
AEP Texas Inc. | 3.950% | 6/1/28 | 17,700 | 18,650 | ||
1 | AEP Texas Inc. | 2.100% | 7/1/30 | 16,353 | 15,099 | |
AES Corp. | 2.450% | 1/15/31 | 24,535 | 22,707 | ||
1 | Alabama Power Co. | 1.450% | 9/15/30 | 12,749 | 11,391 | |
Ameren Corp. | 1.950% | 3/15/27 | 7,600 | 7,343 | ||
Ameren Corp. | 1.750% | 3/15/28 | 15,935 | 14,923 | ||
Ameren Corp. | 3.500% | 1/15/31 | 22,401 | 22,913 | ||
Ameren Illinois Co. | 3.800% | 5/15/28 | 7,849 | 8,372 | ||
Ameren Illinois Co. | 1.550% | 11/15/30 | 7,829 | 7,059 | ||
American Electric Power Co. Inc. | 3.200% | 11/13/27 | 9,866 | 10,078 | ||
1 | American Electric Power Co. Inc. | 4.300% | 12/1/28 | 13,700 | 14,706 | |
American Electric Power Co. Inc. | 2.300% | 3/1/30 | 10,106 | 9,491 | ||
American Water Capital Corp. | 2.950% | 9/1/27 | 7,132 | 7,267 | ||
American Water Capital Corp. | 3.750% | 9/1/28 | 12,268 | 12,923 | ||
American Water Capital Corp. | 3.450% | 6/1/29 | 23,406 | 24,164 | ||
American Water Capital Corp. | 2.800% | 5/1/30 | 15,290 | 15,101 | ||
American Water Capital Corp. | 2.300% | 6/1/31 | 16,015 | 15,117 | ||
1 | Appalachian Power Co. | 3.300% | 6/1/27 | 7,164 | 7,426 | |
1 | Appalachian Power Co. | 2.700% | 4/1/31 | 28,235 | 27,277 | |
Arizona Public Service Co. | 2.950% | 9/15/27 | 4,459 | 4,514 | ||
Arizona Public Service Co. | 2.600% | 8/15/29 | 15,517 | 15,075 | ||
Atlantic City Electric Co. | 4.000% | 10/15/28 | 6,477 | 6,855 | ||
Atlantic City Electric Co. | 2.300% | 3/15/31 | 13,610 | 13,097 | ||
Atmos Energy Corp. | 3.000% | 6/15/27 | 15,846 | 16,287 | ||
Atmos Energy Corp. | 2.625% | 9/15/29 | 11,402 | 11,170 | ||
Atmos Energy Corp. | 1.500% | 1/15/31 | 13,970 | 12,354 | ||
Avangrid Inc. | 3.800% | 6/1/29 | 19,071 | 19,930 | ||
Baltimore Gas & Electric Co. | 2.250% | 6/15/31 | 12,715 | 12,088 | ||
Berkshire Hathaway Energy Co. | 3.250% | 4/15/28 | 25,981 | 26,908 | ||
Berkshire Hathaway Energy Co. | 3.700% | 7/15/30 | 18,375 | 19,425 | ||
Berkshire Hathaway Energy Co. | 1.650% | 5/15/31 | 16,650 | 14,993 | ||
Black Hills Corp. | 3.050% | 10/15/29 | 14,781 | 14,662 | ||
Black Hills Corp. | 2.500% | 6/15/30 | 9,392 | 8,845 | ||
1 | CenterPoint Energy Houston Electric LLC | 2.350% | 4/1/31 | 9,705 | 9,361 | |
1 | CenterPoint Energy Houston Electric LLC | 3.000% | 3/1/32 | 3,000 | 3,043 | |
CenterPoint Energy Inc. | 4.250% | 11/1/28 | 13,030 | 13,937 | ||
CenterPoint Energy Inc. | 2.950% | 3/1/30 | 17,560 | 17,356 | ||
CenterPoint Energy Inc. | 2.650% | 6/1/31 | 21,320 | 20,412 | ||
CenterPoint Energy Resources Corp. | 4.000% | 4/1/28 | 7,381 | 7,770 | ||
CenterPoint Energy Resources Corp. | 1.750% | 10/1/30 | 10,500 | 9,481 | ||
Cleco Corporate Holdings LLC | 3.375% | 9/15/29 | 2,760 | 2,725 | ||
CMS Energy Corp. | 3.450% | 8/15/27 | 11,384 | 11,828 | ||
1 | CMS Energy Corp. | 4.750% | 6/1/50 | 17,907 | 18,033 | |
CMS Energy Corp. | 3.750% | 12/1/50 | 9,693 | 8,734 | ||
1 | Commonwealth Edison Co. | 2.950% | 8/15/27 | 9,252 | 9,422 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Commonwealth Edison Co. | 3.700% | 8/15/28 | 13,024 | 13,733 | ||
Commonwealth Edison Co. | 2.200% | 3/1/30 | 6,289 | 6,009 | ||
1 | Connecticut Light & Power Co. | 3.200% | 3/15/27 | 20,253 | 20,876 | |
1 | Connecticut Light & Power Co. | 2.050% | 7/1/31 | 7,803 | 7,298 | |
1 | Consolidated Edison Co. of New York Inc. | 3.125% | 11/15/27 | 7,820 | 7,985 | |
Consolidated Edison Co. of New York Inc. | 3.800% | 5/15/28 | 6,246 | 6,615 | ||
1 | Consolidated Edison Co. of New York Inc. | 4.000% | 12/1/28 | 5,865 | 6,290 | |
1 | Consolidated Edison Co. of New York Inc. | 3.350% | 4/1/30 | 10,409 | 10,686 | |
Consolidated Edison Co. of New York Inc. | 2.400% | 6/15/31 | 34,562 | 32,944 | ||
Consumers Energy Co. | 3.800% | 11/15/28 | 6,558 | 7,012 | ||
1 | Dominion Energy Inc. | 2.850% | 8/15/26 | 12,232 | 12,384 | |
1 | Dominion Energy Inc. | 3.600% | 3/15/27 | 5,845 | 6,103 | |
Dominion Energy Inc. | 4.250% | 6/1/28 | 12,341 | 13,221 | ||
1 | Dominion Energy Inc. | 3.375% | 4/1/30 | 36,421 | 36,947 | |
1 | Dominion Energy Inc. | 2.250% | 8/15/31 | 13,880 | 12,857 | |
1 | Dominion Energy South Carolina Inc. | 2.300% | 12/1/31 | 13,530 | 12,906 | |
Dominion Energy South Carolina Inc. | 6.625% | 2/1/32 | 1,090 | 1,407 | ||
1 | DTE Electric Co. | 1.900% | 4/1/28 | 14,305 | 13,748 | |
DTE Electric Co. | 2.250% | 3/1/30 | 9,485 | 9,146 | ||
1 | DTE Electric Co. | 2.625% | 3/1/31 | 14,041 | 13,841 | |
1 | DTE Energy Co. | 3.400% | 6/15/29 | 29,742 | 30,393 | |
DTE Energy Co. | 2.950% | 3/1/30 | 8,586 | 8,438 | ||
Duke Energy Carolinas LLC | 3.950% | 11/15/28 | 19,197 | 20,657 | ||
1 | Duke Energy Carolinas LLC | 6.000% | 12/1/28 | 5,875 | 6,948 | |
Duke Energy Carolinas LLC | 2.450% | 8/15/29 | 17,457 | 17,080 | ||
Duke Energy Carolinas LLC | 2.450% | 2/1/30 | 14,733 | 14,290 | ||
Duke Energy Carolinas LLC | 2.550% | 4/15/31 | 14,900 | 14,500 | ||
Duke Energy Corp. | 2.650% | 9/1/26 | 36,212 | 36,412 | ||
Duke Energy Corp. | 3.150% | 8/15/27 | 10,232 | 10,451 | ||
Duke Energy Corp. | 3.400% | 6/15/29 | 9,017 | 9,179 | ||
Duke Energy Corp. | 2.450% | 6/1/30 | 23,333 | 22,077 | ||
Duke Energy Corp. | 2.550% | 6/15/31 | 24,408 | 22,877 | ||
Duke Energy Florida LLC | 3.800% | 7/15/28 | 9,011 | 9,521 | ||
Duke Energy Florida LLC | 2.500% | 12/1/29 | 12,949 | 12,675 | ||
Duke Energy Florida LLC | 1.750% | 6/15/30 | 23,403 | 21,508 | ||
Duke Energy Florida LLC | 2.400% | 12/15/31 | 15,000 | 14,371 | ||
1 | Duke Energy Florida Project Finance LLC | 2.538% | 9/1/29 | 2,419 | 2,430 | |
Duke Energy Ohio Inc. | 3.650% | 2/1/29 | 14,386 | 15,018 | ||
Duke Energy Ohio Inc. | 2.125% | 6/1/30 | 7,073 | 6,635 | ||
Duke Energy Progress LLC | 3.700% | 9/1/28 | 8,017 | 8,462 | ||
Duke Energy Progress LLC | 3.450% | 3/15/29 | 23,660 | 24,540 | ||
Duke Energy Progress LLC | 2.000% | 8/15/31 | 15,140 | 14,102 | ||
3 | East Ohio Gas Co. | 2.000% | 6/15/30 | 1,900 | 1,754 | |
Edison International | 5.750% | 6/15/27 | 14,602 | 16,211 | ||
Edison International | 4.125% | 3/15/28 | 17,508 | 18,024 | ||
Emera US Finance LP | 2.639% | 6/15/31 | 14,100 | 13,171 | ||
Enel Chile SA | 4.875% | 6/12/28 | 26,207 | 27,955 | ||
Entergy Corp. | 1.900% | 6/15/28 | 11,255 | 10,553 | ||
Entergy Corp. | 2.800% | 6/15/30 | 17,324 | 16,763 | ||
Entergy Corp. | 2.400% | 6/15/31 | 23,823 | 22,093 | ||
Entergy Louisiana LLC | 3.120% | 9/1/27 | 17,709 | 18,133 | ||
Entergy Louisiana LLC | 3.250% | 4/1/28 | 10,850 | 11,132 | ||
Entergy Louisiana LLC | 1.600% | 12/15/30 | 12,701 | 11,423 | ||
Entergy Louisiana LLC | 3.050% | 6/1/31 | 9,510 | 9,559 | ||
Entergy Mississippi LLC | 2.850% | 6/1/28 | 14,722 | 14,759 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Entergy Texas Inc. | 4.000% | 3/30/29 | 12,546 | 13,372 | ||
Entergy Texas Inc. | 1.750% | 3/15/31 | 9,930 | 8,952 | ||
Essential Utilities Inc. | 3.566% | 5/1/29 | 11,813 | 12,218 | ||
Essential Utilities Inc. | 2.704% | 4/15/30 | 23,400 | 22,727 | ||
Evergy Inc. | 2.900% | 9/15/29 | 11,789 | 11,643 | ||
Evergy Kansas Central Inc. | 3.100% | 4/1/27 | 5,047 | 5,197 | ||
1 | Evergy Metro Inc. | 2.250% | 6/1/30 | 20,482 | 19,639 | |
1 | Eversource Energy | 3.300% | 1/15/28 | 12,730 | 12,966 | |
1 | Eversource Energy | 4.250% | 4/1/29 | 14,216 | 15,263 | |
1 | Eversource Energy | 1.650% | 8/15/30 | 13,025 | 11,559 | |
Eversource Energy | 2.550% | 3/15/31 | 10,492 | 9,988 | ||
Exelon Corp. | 4.050% | 4/15/30 | 38,551 | 40,881 | ||
Florida Power & Light Co. | 2.450% | 2/3/32 | 29,370 | 28,544 | ||
Georgia Power Co. | 3.250% | 3/30/27 | 13,201 | 13,481 | ||
1 | Georgia Power Co. | 2.650% | 9/15/29 | 23,558 | 22,917 | |
1 | Gulf Power Co. | 3.300% | 5/30/27 | 5,295 | 5,480 | |
Indiana Michigan Power Co. | 3.850% | 5/15/28 | 17,957 | 18,896 | ||
Interstate Power & Light Co. | 4.100% | 9/26/28 | 19,700 | 21,063 | ||
Interstate Power & Light Co. | 3.600% | 4/1/29 | 8,968 | 9,306 | ||
Interstate Power & Light Co. | 2.300% | 6/1/30 | 7,341 | 6,984 | ||
IPALCO Enterprises Inc. | 4.250% | 5/1/30 | 13,729 | 14,284 | ||
ITC Holdings Corp. | 3.350% | 11/15/27 | 16,917 | 17,443 | ||
MidAmerican Energy Co. | 3.100% | 5/1/27 | 13,302 | 13,763 | ||
MidAmerican Energy Co. | 3.650% | 4/15/29 | 30,039 | 31,994 | ||
MidAmerican Energy Co. | 6.750% | 12/30/31 | 5,975 | 7,856 | ||
Mississippi Power Co. | 3.950% | 3/30/28 | 6,576 | 6,947 | ||
National Fuel Gas Co. | 3.950% | 9/15/27 | 9,406 | 9,634 | ||
National Fuel Gas Co. | 4.750% | 9/1/28 | 7,675 | 8,043 | ||
National Fuel Gas Co. | 2.950% | 3/1/31 | 12,071 | 11,443 | ||
National Rural Utilities Cooperative Finance Corp. | 3.050% | 4/25/27 | 9,208 | 9,420 | ||
National Rural Utilities Cooperative Finance Corp. | 3.400% | 2/7/28 | 25,545 | 26,379 | ||
National Rural Utilities Cooperative Finance Corp. | 3.900% | 11/1/28 | 10,255 | 10,934 | ||
National Rural Utilities Cooperative Finance Corp. | 3.700% | 3/15/29 | 14,023 | 14,728 | ||
National Rural Utilities Cooperative Finance Corp. | 2.400% | 3/15/30 | 12,582 | 12,123 | ||
National Rural Utilities Cooperative Finance Corp. | 1.350% | 3/15/31 | 9,434 | 8,248 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 1.650% | 6/15/31 | 8,480 | 7,581 | |
1 | Nevada Power Co. | 3.700% | 5/1/29 | 17,564 | 18,486 | |
1 | Nevada Power Co. | 2.400% | 5/1/30 | 7,610 | 7,349 | |
NextEra Energy Capital Holdings Inc. | 3.550% | 5/1/27 | 15,221 | 15,835 | ||
NextEra Energy Capital Holdings Inc. | 1.900% | 6/15/28 | 41,280 | 39,243 | ||
NextEra Energy Capital Holdings Inc. | 3.500% | 4/1/29 | 19,137 | 19,703 | ||
NextEra Energy Capital Holdings Inc. | 2.750% | 11/1/29 | 23,856 | 23,398 | ||
NextEra Energy Capital Holdings Inc. | 2.250% | 6/1/30 | 59,511 | 55,341 | ||
NextEra Energy Capital Holdings Inc. | 2.440% | 1/15/32 | 6,425 | 6,017 | ||
1 | NextEra Energy Capital Holdings Inc. | 4.800% | 12/1/77 | 16,434 | 16,285 | |
1 | NextEra Energy Capital Holdings Inc. | 5.650% | 5/1/79 | 8,712 | 9,204 | |
NextEra Energy Capital Holdings Inc. | 3.800% | 3/15/82 | 15,300 | 14,325 | ||
NiSource Inc. | 3.490% | 5/15/27 | 20,412 | 21,092 | ||
NiSource Inc. | 2.950% | 9/1/29 | 23,225 | 22,867 | ||
NiSource Inc. | 3.600% | 5/1/30 | 31,501 | 32,218 | ||
NiSource Inc. | 1.700% | 2/15/31 | 18,215 | 16,032 | ||
Northern States Power Co. | 2.250% | 4/1/31 | 13,730 | 13,128 | ||
NSTAR Electric Co. | 3.200% | 5/15/27 | 20,371 | 21,020 | ||
NSTAR Electric Co. | 3.250% | 5/15/29 | 6,187 | 6,364 | ||
NSTAR Electric Co. | 3.950% | 4/1/30 | 13,640 | 14,674 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Ohio Power Co. | 2.600% | 4/1/30 | 4,635 | 4,515 | |
1 | Ohio Power Co. | 1.625% | 1/15/31 | 13,941 | 12,419 | |
Oklahoma Gas & Electric Co. | 3.800% | 8/15/28 | 6,714 | 7,049 | ||
Oklahoma Gas & Electric Co. | 3.300% | 3/15/30 | 6,337 | 6,471 | ||
Oklahoma Gas & Electric Co. | 3.250% | 4/1/30 | 13,111 | 13,330 | ||
Oncor Electric Delivery Co. LLC | 3.700% | 11/15/28 | 16,070 | 17,086 | ||
Oncor Electric Delivery Co. LLC | 5.750% | 3/15/29 | 5,570 | 6,552 | ||
Oncor Electric Delivery Co. LLC | 2.750% | 5/15/30 | 11,837 | 11,794 | ||
3 | Oncor Electric Delivery Co. LLC | 2.750% | 5/15/30 | 12,600 | 12,554 | |
ONE Gas Inc. | 2.000% | 5/15/30 | 6,831 | 6,384 | ||
Pacific Gas & Electric Co. | 2.100% | 8/1/27 | 14,325 | 13,306 | ||
Pacific Gas & Electric Co. | 3.300% | 12/1/27 | 36,172 | 35,603 | ||
Pacific Gas & Electric Co. | 3.000% | 6/15/28 | 11,535 | 11,111 | ||
Pacific Gas & Electric Co. | 3.750% | 7/1/28 | 40,522 | 40,331 | ||
Pacific Gas & Electric Co. | 4.550% | 7/1/30 | 95,075 | 97,734 | ||
Pacific Gas & Electric Co. | 2.500% | 2/1/31 | 68,186 | 60,684 | ||
Pacific Gas & Electric Co. | 3.250% | 6/1/31 | 10,564 | 9,924 | ||
PacifiCorp | 3.500% | 6/15/29 | 16,837 | 17,629 | ||
PacifiCorp | 2.700% | 9/15/30 | 20,953 | 20,660 | ||
Piedmont Natural Gas Co. Inc. | 3.500% | 6/1/29 | 8,295 | 8,521 | ||
Piedmont Natural Gas Co. Inc. | 2.500% | 3/15/31 | 15,451 | 14,627 | ||
Progress Energy Inc. | 7.750% | 3/1/31 | 9,790 | 13,015 | ||
Progress Energy Inc. | 7.000% | 10/30/31 | 13,009 | 16,656 | ||
Public Service Co. of Colorado | 3.700% | 6/15/28 | 9,159 | 9,703 | ||
1 | Public Service Co. of Colorado | 1.900% | 1/15/31 | 4,809 | 4,473 | |
Public Service Co. of Colorado | 1.875% | 6/15/31 | 17,825 | 16,470 | ||
1 | Public Service Electric & Gas Co. | 3.000% | 5/15/27 | 5,641 | 5,787 | |
1 | Public Service Electric & Gas Co. | 3.700% | 5/1/28 | 9,480 | 10,056 | |
1 | Public Service Electric & Gas Co. | 3.650% | 9/1/28 | 8,153 | 8,607 | |
1 | Public Service Electric & Gas Co. | 3.200% | 5/15/29 | 8,618 | 8,863 | |
1 | Public Service Electric & Gas Co. | 2.450% | 1/15/30 | 5,739 | 5,640 | |
1 | Public Service Electric & Gas Co. | 1.900% | 8/15/31 | 8,735 | 8,107 | |
Public Service Enterprise Group Inc. | 1.600% | 8/15/30 | 9,996 | 8,892 | ||
Public Service Enterprise Group Inc. | 2.450% | 11/15/31 | 17,080 | 16,176 | ||
Puget Energy Inc. | 2.379% | 6/15/28 | 5,776 | 5,501 | ||
Puget Energy Inc. | 4.100% | 6/15/30 | 15,912 | 16,597 | ||
1 | San Diego Gas & Electric Co. | 1.700% | 10/1/30 | 15,805 | 14,364 | |
Sempra Energy | 3.250% | 6/15/27 | 20,119 | 20,555 | ||
Sempra Energy | 3.400% | 2/1/28 | 30,244 | 31,151 | ||
Sempra Energy | 4.125% | 4/1/52 | 23,850 | 22,328 | ||
1 | Southern California Edison Co. | 3.650% | 3/1/28 | 10,242 | 10,654 | |
1 | Southern California Edison Co. | 4.200% | 3/1/29 | 13,294 | 14,146 | |
Southern California Edison Co. | 6.650% | 4/1/29 | 5,406 | 6,386 | ||
Southern California Edison Co. | 2.850% | 8/1/29 | 10,094 | 9,955 | ||
Southern California Edison Co. | 2.250% | 6/1/30 | 15,373 | 14,378 | ||
1 | Southern California Edison Co. | 2.500% | 6/1/31 | 12,420 | 11,723 | |
Southern California Edison Co. | 2.750% | 2/1/32 | 8,500 | 8,194 | ||
1 | Southern California Gas Co. | 2.550% | 2/1/30 | 16,803 | 16,369 | |
1 | Southern Co. | 1.750% | 3/15/28 | 9,275 | 8,694 | |
1 | Southern Co. | 3.700% | 4/30/30 | 24,667 | 25,437 | |
1 | Southern Co. | 3.750% | 9/15/51 | 24,540 | 22,807 | |
1 | Southern Co. Gas Capital Corp. | 1.750% | 1/15/31 | 14,460 | 12,847 | |
Southwest Gas Corp. | 3.700% | 4/1/28 | 6,449 | 6,739 | ||
Southwest Gas Corp. | 2.200% | 6/15/30 | 13,144 | 12,209 | ||
1 | Southwestern Electric Power Co. | 4.100% | 9/15/28 | 21,430 | 22,698 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Tampa Electric Co. | 2.400% | 3/15/31 | 10,455 | 9,984 | ||
Tucson Electric Power Co. | 1.500% | 8/1/30 | 9,880 | 8,772 | ||
Tucson Electric Power Co. | 3.250% | 5/15/32 | 4,750 | 4,804 | ||
Union Electric Co. | 2.950% | 6/15/27 | 10,702 | 10,927 | ||
Union Electric Co. | 3.500% | 3/15/29 | 17,743 | 18,569 | ||
Union Electric Co. | 2.950% | 3/15/30 | 11,198 | 11,334 | ||
United Utilities plc | 6.875% | 8/15/28 | 3,202 | 3,967 | ||
1 | Virginia Electric & Power Co. | 3.500% | 3/15/27 | 23,247 | 24,361 | |
1 | Virginia Electric & Power Co. | 3.800% | 4/1/28 | 16,805 | 17,818 | |
1 | Virginia Electric & Power Co. | 2.875% | 7/15/29 | 15,384 | 15,521 | |
Virginia Electric & Power Co. | 2.300% | 11/15/31 | 18,121 | 17,255 | ||
Virginia Electric & Power Co. | 2.400% | 3/30/32 | 6,000 | 5,726 | ||
WEC Energy Group Inc. | 1.375% | 10/15/27 | 13,314 | 12,359 | ||
WEC Energy Group Inc. | 2.200% | 12/15/28 | 8,500 | 8,151 | ||
WEC Energy Group Inc. | 1.800% | 10/15/30 | 10,645 | 9,596 | ||
Wisconsin Electric Power Co. | 1.700% | 6/15/28 | 8,765 | 8,274 | ||
Wisconsin Power & Light Co. | 3.050% | 10/15/27 | 8,445 | 8,613 | ||
Wisconsin Power & Light Co. | 3.000% | 7/1/29 | 4,484 | 4,526 | ||
Wisconsin Power & Light Co. | 1.950% | 9/16/31 | 1,090 | 1,016 | ||
Xcel Energy Inc. | 1.750% | 3/15/27 | 9,035 | 8,655 | ||
Xcel Energy Inc. | 4.000% | 6/15/28 | 15,464 | 16,387 | ||
Xcel Energy Inc. | 2.600% | 12/1/29 | 18,258 | 17,821 | ||
Xcel Energy Inc. | 3.400% | 6/1/30 | 16,308 | 16,795 | ||
Xcel Energy Inc. | 2.350% | 11/15/31 | 14,340 | 13,525 | ||
3,430,108 | ||||||
Total Corporate Bonds (Cost $49,868,320) | 47,635,485 | |||||
Shares | ||||||
Temporary Cash Investments (0.1%) | ||||||
Money Market Fund (0.1%) | ||||||
5 | Vanguard Market Liquidity Fund (Cost $53,583) | 0.138% | 535,916 | 53,587 | ||
Total Investments (99.2%) (Cost $50,441,928) | 48,210,019 | |||||
Other Assets and Liabilities—Net (0.8%) | 370,251 | |||||
Net Assets (100%) | 48,580,270 |
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 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2022. |
3 | Security exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be sold in transactions exempt from registration, normally to qualified institutional buyers. At February 28, 2022, the aggregate value was $821,033,000, representing 1.7% of net assets. |
4 | Securities with a value of $2,922,000 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) | |
Short Futures Contracts | ||||
10-Year U.S. Treasury Note | June 2022 | (283) | (36,065) | (250) |
Long U.S. Treasury Bond | June 2022 | (35) | (5,484) | (68) |
(318) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $50,388,345) | 48,156,432 |
Affiliated Issuers (Cost $53,583) | 53,587 |
Total Investments in Securities | 48,210,019 |
Investment in Vanguard | 1,597 |
Receivables for Investment Securities Sold | 1,366,269 |
Receivables for Accrued Income | 424,781 |
Receivables for Capital Shares Issued | 1,621 |
Total Assets | 50,004,287 |
Liabilities | |
Due to Custodian | 5,488 |
Payables for Investment Securities Purchased | 1,413,430 |
Payables for Capital Shares Redeemed | 2,357 |
Payables for Distributions | 711 |
Payables to Vanguard | 701 |
Variation Margin Payable—Futures Contracts | 1,330 |
Total Liabilities | 1,424,017 |
Net Assets | 48,580,270 |
Statement of Assets and Liabilities (continued) | |
At February 28, 2022, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 50,665,349 |
Total Distributable Earnings (Loss) | (2,085,079) |
Net Assets | 48,580,270 |
ETF Shares—Net Assets | |
Applicable to 526,887,781 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 46,818,529 |
Net Asset Value Per Share—ETF Shares | $88.86 |
Admiral Shares—Net Assets | |
Applicable to 58,654,009 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,404,363 |
Net Asset Value Per Share—Admiral Shares | $23.94 |
Institutional Shares—Net Assets | |
Applicable to 12,080,048 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 357,378 |
Net Asset Value Per Share—Institutional Shares | $29.58 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 544,712 |
Total Income | 544,712 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 461 |
Management and Administrative—ETF Shares | 7,313 |
Management and Administrative—Admiral Shares | 451 |
Management and Administrative—Institutional Shares | 87 |
Marketing and Distribution—ETF Shares | 868 |
Marketing and Distribution—Admiral Shares | 47 |
Marketing and Distribution—Institutional Shares | 10 |
Custodian Fees | 68 |
Shareholders’ Reports—ETF Shares | 501 |
Shareholders’ Reports—Admiral Shares | 10 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 12 |
Other Expenses | 10 |
Total Expenses | 9,838 |
Net Investment Income | 534,874 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 100,758 |
Futures Contracts | (3,501) |
Realized Net Gain (Loss) | 97,257 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (3,291,962) |
Futures Contracts | (317) |
Change in Unrealized Appreciation (Depreciation) | (3,292,279) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (2,660,148) |
1 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $61,000, ($22,000), $9,000, and $4,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $111,614,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 534,874 | 1,026,879 | |
Realized Net Gain (Loss) | 97,257 | 1,235,740 | |
Change in Unrealized Appreciation (Depreciation) | (3,292,279) | (1,298,229) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (2,660,148) | 964,390 | |
Distributions | |||
ETF Shares | (819,044) | (1,059,945) | |
Admiral Shares | (25,967) | (38,281) | |
Institutional Shares | (6,894) | (10,049) | |
Total Distributions | (851,905) | (1,108,275) | |
Capital Share Transactions | |||
ETF Shares | 3,320,105 | 8,062,666 | |
Admiral Shares | (73,596) | 45,641 | |
Institutional Shares | (57,128) | 88,292 | |
Net Increase (Decrease) from Capital Share Transactions | 3,189,381 | 8,196,599 | |
Total Increase (Decrease) | (322,672) | 8,052,714 | |
Net Assets | |||
Beginning of Period | 48,902,942 | 40,850,228 | |
End of Period | 48,580,270 | 48,902,942 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $95.57 | $95.98 | $91.82 | $84.02 | $88.35 | $89.47 |
Investment Operations | ||||||
Net Investment Income1 | 1.026 | 2.163 | 2.761 | 3.132 | 2.935 | 2.869 |
Net Realized and Unrealized Gain (Loss) on Investments | (6.103) | (.205) | 4.205 | 7.768 | (4.362) | (1.184) |
Total from Investment Operations | (5.077) | 1.958 | 6.966 | 10.900 | (1.427) | 1.685 |
Distributions | ||||||
Dividends from Net Investment Income | (1.039) | (2.169) | (2.806) | (3.100) | (2.903) | (2.805) |
Distributions from Realized Capital Gains | (.594) | (.199) | — | — | — | — |
Total Distributions | (1.633) | (2.368) | (2.806) | (3.100) | (2.903) | (2.805) |
Net Asset Value, End of Period | $88.86 | $95.57 | $95.98 | $91.82 | $84.02 | $88.35 |
Total Return | -5.38% | 2.08% | 7.78% | 13.33% | -1.62% | 1.98% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $46,819 | $46,873 | $38,944 | $24,080 | $19,302 | $16,699 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.04% | 0.05% | 0.05% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.23% | 2.27% | 2.99% | 3.65% | 3.44% | 3.30% |
Portfolio Turnover Rate2 | 26% | 53% | 72% | 59% | 65% | 65% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $25.75 | $25.86 | $24.71 | $22.61 | $23.78 | $24.08 |
Investment Operations | ||||||
Net Investment Income1 | .273 | .578 | .747 | .839 | .792 | .774 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.651) | (.062) | 1.138 | 2.097 | (1.175) | (.318) |
Total from Investment Operations | (1.378) | .516 | 1.885 | 2.936 | (.383) | .456 |
Distributions | ||||||
Dividends from Net Investment Income | (.272) | (.572) | (.735) | (.836) | (.787) | (.756) |
Distributions from Realized Capital Gains | (.160) | (.054) | — | — | — | — |
Total Distributions | (.432) | (.626) | (.735) | (.836) | (.787) | (.756) |
Net Asset Value, End of Period | $23.94 | $25.75 | $25.86 | $24.71 | $22.61 | $23.78 |
Total Return2 | -5.41% | 2.03% | 7.79% | 13.30% | -1.61% | 1.99% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,404 | $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% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.20% | 2.25% | 3.01% | 3.63% | 3.44% | 3.30% |
Portfolio Turnover Rate3 | 26% | 53% | 72% | 59% | 65% | 65% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include transaction or account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction and account service fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $31.82 | $31.95 | $30.53 | $27.94 | $29.38 | $29.75 |
Investment Operations | ||||||
Net Investment Income1 | .340 | .720 | .940 | 1.044 | .983 | .962 |
Net Realized and Unrealized Gain (Loss) on Investments | (2.043) | (.070) | 1.394 | 2.584 | (1.446) | (.392) |
Total from Investment Operations | (1.703) | .650 | 2.334 | 3.628 | (.463) | .570 |
Distributions | ||||||
Dividends from Net Investment Income | (.339) | (.714) | (.914) | (1.038) | (.977) | (.940) |
Distributions from Realized Capital Gains | (.198) | (.066) | — | — | — | — |
Total Distributions | (.537) | (.780) | (.914) | (1.038) | (.977) | (.940) |
Net Asset Value, End of Period | $29.58 | $31.82 | $31.95 | $30.53 | $27.94 | $29.38 |
Total Return2 | -5.41% | 2.07% | 7.81% | 13.30% | -1.57% | 2.01% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $357 | $443 | $357 | $406 | $492 | $572 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 2.22% | 2.27% | 3.07% | 3.65% | 3.46% | 3.32% |
Portfolio Turnover Rate3 | 26% | 53% | 72% | 59% | 65% | 65% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include transaction fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction fees. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds’ Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | 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 | — | 520,947 | — | 520,947 |
Corporate Bonds | — | 47,635,485 | — | 47,635,485 |
Temporary Cash Investments | 53,587 | — | — | 53,587 |
Total | 53,587 | 48,156,432 | — | 48,210,019 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 318 | — | — | 318 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 50,446,947 |
Gross Unrealized Appreciation | 181,436 |
Gross Unrealized Depreciation | (2,418,682) |
Net Unrealized Appreciation (Depreciation) | (2,237,246) |
E. | During the six months ended February 28, 2022, the fund purchased $12,675,211,000 of investment securities and sold $9,574,411,000 of investment securities, other than U.S. government securities and temporary cash investments. Purchases and sales of U.S. government securities were $6,198,036,000 and $6,176,283,000, respectively. Purchases and sales include $6,488,053,000 and $3,382,344,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued1 | 6,753,907 | 73,453 | 20,684,453 | 217,097 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (3,433,802) | (37,000) | (12,621,787) | (132,400) | |
Net Increase (Decrease)—ETF Shares | 3,320,105 | 36,453 | 8,062,666 | 84,697 | |
Admiral Shares | |||||
Issued1 | 123,579 | 4,940 | 392,434 | 15,237 | |
Issued in Lieu of Cash Distributions | 20,771 | 833 | 30,298 | 1,179 | |
Redeemed | (217,946) | (8,760) | (377,091) | (14,690) | |
Net Increase (Decrease)—Admiral Shares | (73,596) | (2,987) | 45,641 | 1,726 |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Institutional Shares | |||||
Issued1 | 20,442 | 653 | 141,963 | 4,463 | |
Issued in Lieu of Cash Distributions | 4,610 | 149 | 6,380 | 201 | |
Redeemed | (82,180) | (2,644) | (60,051) | (1,906) | |
Net Increase (Decrease)—Institutional Shares | (57,128) | (1,842) | 88,292 | 2,758 |
1 | Includes purchase fees for fiscal 2022 and 2021 of $382,000 and $1,285,000, respectively (fund totals). |
G. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
Corporate Bonds – Communications | 13.2% |
Corporate Bonds – Consumer Discretionary | 5.7 |
Corporate Bonds – Consumer Staples | 7.5 |
Corporate Bonds – Energy | 8.9 |
Corporate Bonds – Financials | 15.0 |
Corporate Bonds – Health Care | 14.7 |
Corporate Bonds – Industrials | 8.5 |
Corporate Bonds – Materials | 3.9 |
Corporate Bonds – Real Estate | 1.6 |
Corporate Bonds – Technology | 8.6 |
Corporate Bonds – Utilities | 11.9 |
U.S. Government and Agency Obligations | 0.5 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (0.5%) | ||||||
U.S. Government Securities (0.5%) | ||||||
United States Treasury Note/Bond | 1.875% | 2/15/32 | 21,225 | 21,308 | ||
United States Treasury Note/Bond | 2.000% | 11/15/41 | 110 | 106 | ||
United States Treasury Note/Bond | 1.875% | 11/15/51 | 7,955 | 7,424 | ||
Total U.S. Government and Agency Obligations (Cost $28,801) | 28,838 | |||||
Corporate Bonds (98.4%) | ||||||
Communications (13.0%) | ||||||
Activision Blizzard Inc. | 4.500% | 6/15/47 | 2,188 | 2,535 | ||
Activision Blizzard Inc. | 2.500% | 9/15/50 | 1,984 | 1,666 | ||
Alphabet Inc. | 1.900% | 8/15/40 | 1,298 | 1,091 | ||
Alphabet Inc. | 2.050% | 8/15/50 | 5,321 | 4,293 | ||
Alphabet Inc. | 2.250% | 8/15/60 | 3,713 | 2,973 | ||
America Movil SAB de CV | 6.375% | 3/1/35 | 823 | 1,066 | ||
America Movil SAB de CV | 6.125% | 11/15/37 | 964 | 1,223 | ||
America Movil SAB de CV | 6.125% | 3/30/40 | 4,955 | 6,332 | ||
America Movil SAB de CV | 4.375% | 7/16/42 | 2,745 | 2,959 | ||
America Movil SAB de CV | 4.375% | 4/22/49 | 2,985 | 3,286 | ||
AT&T Inc. | 2.550% | 12/1/33 | 9,147 | 8,485 | ||
AT&T Inc. | 6.150% | 9/15/34 | 628 | 776 | ||
AT&T Inc. | 4.500% | 5/15/35 | 6,204 | 6,815 | ||
AT&T Inc. | 5.250% | 3/1/37 | 2,700 | 3,174 | ||
AT&T Inc. | 4.900% | 8/15/37 | 2,128 | 2,404 | ||
AT&T Inc. | 4.850% | 3/1/39 | 3,423 | 3,814 | ||
AT&T Inc. | 6.000% | 8/15/40 | 617 | 773 | ||
AT&T Inc. | 5.350% | 9/1/40 | 2,163 | 2,573 | ||
AT&T Inc. | 6.375% | 3/1/41 | 1,333 | 1,750 | ||
AT&T Inc. | 6.250% | 3/29/41 | 467 | 607 | ||
AT&T Inc. | 3.500% | 6/1/41 | 2,443 | 2,322 | ||
AT&T Inc. | 5.550% | 8/15/41 | 1,821 | 2,205 | ||
AT&T Inc. | 5.150% | 3/15/42 | 2,891 | 3,343 | ||
AT&T Inc. | 4.900% | 6/15/42 | 2,748 | 3,091 | ||
AT&T Inc. | 4.300% | 12/15/42 | 2,531 | 2,629 | ||
AT&T Inc. | 3.100% | 2/1/43 | 1,935 | 1,731 | ||
AT&T Inc. | 4.650% | 6/1/44 | 1,566 | 1,691 | ||
AT&T Inc. | 4.350% | 6/15/45 | 2,653 | 2,744 | ||
AT&T Inc. | 4.850% | 7/15/45 | 1,554 | 1,729 | ||
AT&T Inc. | 4.750% | 5/15/46 | 3,848 | 4,272 | ||
1 | AT&T Inc. | 5.150% | 11/15/46 | 1,696 | 1,990 | |
AT&T Inc. | 5.650% | 2/15/47 | 1,630 | 2,033 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
AT&T Inc. | 5.450% | 3/1/47 | 1,384 | 1,682 | ||
AT&T Inc. | 4.500% | 3/9/48 | 5,075 | 5,448 | ||
AT&T Inc. | 4.550% | 3/9/49 | 3,714 | 4,025 | ||
AT&T Inc. | 5.150% | 2/15/50 | 2,924 | 3,442 | ||
AT&T Inc. | 3.650% | 6/1/51 | 4,385 | 4,143 | ||
AT&T Inc. | 3.300% | 2/1/52 | 3,187 | 2,828 | ||
AT&T Inc. | 3.500% | 9/15/53 | 16,246 | 14,887 | ||
AT&T Inc. | 3.550% | 9/15/55 | 18,910 | 17,150 | ||
AT&T Inc. | 3.800% | 12/1/57 | 15,269 | 14,368 | ||
AT&T Inc. | 3.650% | 9/15/59 | 16,390 | 14,877 | ||
AT&T Inc. | 3.850% | 6/1/60 | 2,760 | 2,583 | ||
AT&T Inc. | 3.500% | 2/1/61 | 705 | 623 | ||
Bell Telephone Co. of Canada or Bell Canada | 4.464% | 4/1/48 | 2,211 | 2,435 | ||
Bell Telephone Co. of Canada or Bell Canada | 4.300% | 7/29/49 | 1,867 | 2,004 | ||
1 | Bell Telephone Co. of Canada or Bell Canada | 3.650% | 3/17/51 | 928 | 904 | |
1 | Bell Telephone Co. of Canada or Bell Canada | 3.200% | 2/15/52 | 1,620 | 1,449 | |
Charter Communications Operating LLC | 6.384% | 10/23/35 | 4,862 | 5,818 | ||
Charter Communications Operating LLC | 5.375% | 4/1/38 | 2,130 | 2,253 | ||
Charter Communications Operating LLC | 3.500% | 6/1/41 | 1,657 | 1,429 | ||
Charter Communications Operating LLC | 3.500% | 3/1/42 | 3,361 | 2,878 | ||
Charter Communications Operating LLC | 6.484% | 10/23/45 | 7,076 | 8,415 | ||
Charter Communications Operating LLC | 5.375% | 5/1/47 | 6,030 | 6,341 | ||
Charter Communications Operating LLC | 5.750% | 4/1/48 | 3,241 | 3,574 | ||
Charter Communications Operating LLC | 5.125% | 7/1/49 | 4,179 | 4,240 | ||
Charter Communications Operating LLC | 4.800% | 3/1/50 | 6,715 | 6,546 | ||
Charter Communications Operating LLC | 3.700% | 4/1/51 | 4,971 | 4,177 | ||
Charter Communications Operating LLC | 3.900% | 6/1/52 | 4,535 | 3,946 | ||
Charter Communications Operating LLC | 6.834% | 10/23/55 | 1,903 | 2,355 | ||
Charter Communications Operating LLC | 3.850% | 4/1/61 | 4,285 | 3,536 | ||
Charter Communications Operating LLC | 4.400% | 12/1/61 | 3,950 | 3,532 | ||
Charter Communications Operating LLC | 3.950% | 6/30/62 | 2,075 | 1,734 | ||
Comcast Corp. | 4.250% | 1/15/33 | 3,466 | 3,823 | ||
Comcast Corp. | 7.050% | 3/15/33 | 1,179 | 1,587 | ||
Comcast Corp. | 4.200% | 8/15/34 | 2,320 | 2,542 | ||
Comcast Corp. | 5.650% | 6/15/35 | 1,325 | 1,646 | ||
Comcast Corp. | 4.400% | 8/15/35 | 873 | 974 | ||
Comcast Corp. | 6.500% | 11/15/35 | 608 | 815 | ||
Comcast Corp. | 3.200% | 7/15/36 | 1,721 | 1,691 | ||
Comcast Corp. | 6.450% | 3/15/37 | 1,339 | 1,794 | ||
Comcast Corp. | 6.950% | 8/15/37 | 400 | 564 | ||
Comcast Corp. | 3.900% | 3/1/38 | 3,356 | 3,525 | ||
Comcast Corp. | 4.600% | 10/15/38 | 4,912 | 5,516 | ||
Comcast Corp. | 6.550% | 7/1/39 | 280 | 389 | ||
Comcast Corp. | 3.250% | 11/1/39 | 2,183 | 2,103 | ||
Comcast Corp. | 3.750% | 4/1/40 | 2,265 | 2,331 | ||
Comcast Corp. | 4.650% | 7/15/42 | 1,254 | 1,419 | ||
Comcast Corp. | 4.600% | 8/15/45 | 1,966 | 2,191 | ||
Comcast Corp. | 3.400% | 7/15/46 | 2,504 | 2,401 | ||
Comcast Corp. | 4.000% | 8/15/47 | 3,807 | 3,963 | ||
Comcast Corp. | 3.969% | 11/1/47 | 5,923 | 6,121 | ||
Comcast Corp. | 4.000% | 3/1/48 | 3,034 | 3,150 | ||
Comcast Corp. | 4.700% | 10/15/48 | 2,601 | 2,994 | ||
Comcast Corp. | 3.999% | 11/1/49 | 4,223 | 4,382 | ||
Comcast Corp. | 3.450% | 2/1/50 | 4,048 | 3,868 | ||
Comcast Corp. | 2.800% | 1/15/51 | 2,301 | 1,973 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
2 | Comcast Corp. | 2.887% | 11/1/51 | 11,015 | 9,551 | |
Comcast Corp. | 2.450% | 8/15/52 | 2,950 | 2,380 | ||
Comcast Corp. | 4.049% | 11/1/52 | 2,800 | 2,961 | ||
2 | Comcast Corp. | 2.937% | 11/1/56 | 14,885 | 12,619 | |
Comcast Corp. | 4.950% | 10/15/58 | 2,681 | 3,255 | ||
Comcast Corp. | 2.650% | 8/15/62 | 2,285 | 1,810 | ||
2 | Comcast Corp. | 2.987% | 11/1/63 | 8,023 | 6,687 | |
Deutsche Telekom International Finance BV | 9.250% | 6/1/32 | 1,267 | 1,905 | ||
Discovery Communications LLC | 5.000% | 9/20/37 | 1,137 | 1,235 | ||
Discovery Communications LLC | 6.350% | 6/1/40 | 743 | 907 | ||
Discovery Communications LLC | 4.875% | 4/1/43 | 1,413 | 1,475 | ||
Discovery Communications LLC | 5.200% | 9/20/47 | 2,897 | 3,145 | ||
Discovery Communications LLC | 5.300% | 5/15/49 | 2,110 | 2,334 | ||
Discovery Communications LLC | 4.650% | 5/15/50 | 1,784 | 1,824 | ||
Discovery Communications LLC | 4.000% | 9/15/55 | 4,800 | 4,364 | ||
Electronic Arts Inc. | 2.950% | 2/15/51 | 970 | 835 | ||
Fox Corp. | 5.476% | 1/25/39 | 2,958 | 3,454 | ||
Fox Corp. | 5.576% | 1/25/49 | 3,182 | 3,830 | ||
Grupo Televisa SAB | 6.625% | 1/15/40 | 1,561 | 1,965 | ||
Grupo Televisa SAB | 5.000% | 5/13/45 | 2,297 | 2,496 | ||
Grupo Televisa SAB | 6.125% | 1/31/46 | 1,550 | 1,946 | ||
Grupo Televisa SAB | 5.250% | 5/24/49 | 1,935 | 2,219 | ||
Interpublic Group of Cos. Inc. | 3.375% | 3/1/41 | 880 | 824 | ||
Interpublic Group of Cos. Inc. | 5.400% | 10/1/48 | 1,296 | 1,616 | ||
NBCUniversal Media LLC | 5.950% | 4/1/41 | 50 | 66 | ||
NBCUniversal Media LLC | 4.450% | 1/15/43 | 3,046 | 3,323 | ||
Orange SA | 5.375% | 1/13/42 | 1,051 | 1,271 | ||
Orange SA | 5.500% | 2/6/44 | 1,252 | 1,573 | ||
Paramount Global | 4.200% | 5/19/32 | 2,325 | 2,424 | ||
Paramount Global | 5.500% | 5/15/33 | 970 | 1,130 | ||
Paramount Global | 6.875% | 4/30/36 | 2,583 | 3,298 | ||
Paramount Global | 5.900% | 10/15/40 | 1,337 | 1,565 | ||
Paramount Global | 4.850% | 7/1/42 | 2,563 | 2,704 | ||
Paramount Global | 4.375% | 3/15/43 | 568 | 568 | ||
Paramount Global | 5.850% | 9/1/43 | 3,036 | 3,627 | ||
Paramount Global | 5.250% | 4/1/44 | 467 | 513 | ||
Paramount Global | 4.900% | 8/15/44 | 1,120 | 1,190 | ||
Paramount Global | 4.600% | 1/15/45 | 701 | 714 | ||
Paramount Global | 4.950% | 5/19/50 | 2,245 | 2,456 | ||
Rogers Communications Inc. | 7.500% | 8/15/38 | 1,213 | 1,719 | ||
Rogers Communications Inc. | 4.500% | 3/15/43 | 904 | 942 | ||
Rogers Communications Inc. | 5.450% | 10/1/43 | 1,088 | 1,250 | ||
Rogers Communications Inc. | 5.000% | 3/15/44 | 1,164 | 1,257 | ||
Rogers Communications Inc. | 4.300% | 2/15/48 | 1,245 | 1,235 | ||
Rogers Communications Inc. | 4.350% | 5/1/49 | 3,110 | 3,103 | ||
Rogers Communications Inc. | 3.700% | 11/15/49 | 2,594 | 2,343 | ||
Telefonica Emisiones SA | 7.045% | 6/20/36 | 4,069 | 5,279 | ||
Telefonica Emisiones SA | 4.665% | 3/6/38 | 2,405 | 2,495 | ||
Telefonica Emisiones SA | 5.213% | 3/8/47 | 5,483 | 5,958 | ||
Telefonica Emisiones SA | 4.895% | 3/6/48 | 1,142 | 1,192 | ||
Telefonica Emisiones SA | 5.520% | 3/1/49 | 2,955 | 3,333 | ||
TELUS Corp. | 3.400% | 5/13/32 | 1,800 | 1,820 | ||
TELUS Corp. | 4.600% | 11/16/48 | 1,487 | 1,666 | ||
TELUS Corp. | 4.300% | 6/15/49 | 1,107 | 1,214 | ||
Thomson Reuters Corp. | 5.500% | 8/15/35 | 1,225 | 1,480 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Thomson Reuters Corp. | 5.850% | 4/15/40 | 392 | 508 | ||
Thomson Reuters Corp. | 5.650% | 11/23/43 | 1,185 | 1,518 | ||
Time Warner Cable LLC | 6.550% | 5/1/37 | 2,839 | 3,406 | ||
Time Warner Cable LLC | 7.300% | 7/1/38 | 3,089 | 3,883 | ||
Time Warner Cable LLC | 6.750% | 6/15/39 | 3,425 | 4,143 | ||
Time Warner Cable LLC | 5.875% | 11/15/40 | 3,238 | 3,612 | ||
Time Warner Cable LLC | 5.500% | 9/1/41 | 608 | 647 | ||
Time Warner Cable LLC | 4.500% | 9/15/42 | 3,170 | 2,998 | ||
Time Warner Entertainment Co. LP | 8.375% | 7/15/33 | 4,011 | 5,439 | ||
2 | T-Mobile USA Inc. | 2.700% | 3/15/32 | 2,000 | 1,880 | |
T-Mobile USA Inc. | 4.375% | 4/15/40 | 4,882 | 5,079 | ||
T-Mobile USA Inc. | 3.000% | 2/15/41 | 3,170 | 2,763 | ||
T-Mobile USA Inc. | 4.500% | 4/15/50 | 6,195 | 6,462 | ||
T-Mobile USA Inc. | 3.300% | 2/15/51 | 6,808 | 5,932 | ||
2 | T-Mobile USA Inc. | 3.400% | 10/15/52 | 5,900 | 5,216 | |
T-Mobile USA Inc. | 3.600% | 11/15/60 | 2,325 | 2,039 | ||
2 | T-Mobile USA Inc. | 3.600% | 11/15/60 | 2,720 | 2,389 | |
1 | TWDC Enterprises 18 Corp. | 7.000% | 3/1/32 | 1,598 | 2,140 | |
TWDC Enterprises 18 Corp. | 4.375% | 8/16/41 | 1,018 | 1,123 | ||
1 | TWDC Enterprises 18 Corp. | 4.125% | 12/1/41 | 681 | 728 | |
1 | TWDC Enterprises 18 Corp. | 3.700% | 12/1/42 | 1,980 | 2,017 | |
1 | TWDC Enterprises 18 Corp. | 4.125% | 6/1/44 | 1,094 | 1,178 | |
1 | TWDC Enterprises 18 Corp. | 3.000% | 7/30/46 | 894 | 819 | |
2 | Verizon Communications Inc. | 2.355% | 3/15/32 | 10,000 | 9,342 | |
Verizon Communications Inc. | 4.500% | 8/10/33 | 7,770 | 8,639 | ||
Verizon Communications Inc. | 6.400% | 9/15/33 | 405 | 524 | ||
Verizon Communications Inc. | 4.400% | 11/1/34 | 5,528 | 6,077 | ||
Verizon Communications Inc. | 5.850% | 9/15/35 | 200 | 252 | ||
Verizon Communications Inc. | 4.272% | 1/15/36 | 5,755 | 6,308 | ||
Verizon Communications Inc. | 5.250% | 3/16/37 | 3,745 | 4,508 | ||
Verizon Communications Inc. | 4.812% | 3/15/39 | 3,915 | 4,562 | ||
Verizon Communications Inc. | 2.650% | 11/20/40 | 5,996 | 5,208 | ||
Verizon Communications Inc. | 3.400% | 3/22/41 | 12,605 | 12,137 | ||
Verizon Communications Inc. | 2.850% | 9/3/41 | 2,055 | 1,839 | ||
Verizon Communications Inc. | 4.750% | 11/1/41 | 150 | 169 | ||
Verizon Communications Inc. | 3.850% | 11/1/42 | 635 | 642 | ||
Verizon Communications Inc. | 6.550% | 9/15/43 | 185 | 263 | ||
Verizon Communications Inc. | 4.125% | 8/15/46 | 2,403 | 2,527 | ||
Verizon Communications Inc. | 4.862% | 8/21/46 | 8,353 | 10,029 | ||
Verizon Communications Inc. | 5.500% | 3/16/47 | 853 | 1,090 | ||
Verizon Communications Inc. | 4.522% | 9/15/48 | 4,794 | 5,440 | ||
Verizon Communications Inc. | 4.000% | 3/22/50 | 1,459 | 1,503 | ||
Verizon Communications Inc. | 2.875% | 11/20/50 | 4,990 | 4,269 | ||
Verizon Communications Inc. | 3.550% | 3/22/51 | 13,105 | 12,682 | ||
Verizon Communications Inc. | 5.012% | 8/21/54 | 420 | 510 | ||
Verizon Communications Inc. | 4.672% | 3/15/55 | 360 | 418 | ||
Verizon Communications Inc. | 2.987% | 10/30/56 | 10,641 | 9,072 | ||
Verizon Communications Inc. | 3.000% | 11/20/60 | 4,849 | 4,028 | ||
Verizon Communications Inc. | 3.700% | 3/22/61 | 8,410 | 8,024 | ||
Vodafone Group plc | 6.250% | 11/30/32 | 821 | 1,017 | ||
Vodafone Group plc | 6.150% | 2/27/37 | 3,168 | 3,937 | ||
Vodafone Group plc | 5.000% | 5/30/38 | 2,354 | 2,670 | ||
Vodafone Group plc | 4.375% | 2/19/43 | 2,582 | 2,669 | ||
Vodafone Group plc | 5.250% | 5/30/48 | 6,459 | 7,504 | ||
Vodafone Group plc | 4.875% | 6/19/49 | 3,270 | 3,638 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Vodafone Group plc | 4.250% | 9/17/50 | 3,524 | 3,610 | ||
Vodafone Group plc | 5.125% | 6/19/59 | 2,020 | 2,313 | ||
Walt Disney Co. | 6.550% | 3/15/33 | 1,908 | 2,501 | ||
Walt Disney Co. | 6.200% | 12/15/34 | 3,248 | 4,192 | ||
Walt Disney Co. | 6.400% | 12/15/35 | 2,237 | 2,984 | ||
Walt Disney Co. | 6.150% | 3/1/37 | 1,067 | 1,391 | ||
Walt Disney Co. | 6.650% | 11/15/37 | 2,957 | 4,011 | ||
Walt Disney Co. | 4.625% | 3/23/40 | 572 | 652 | ||
Walt Disney Co. | 3.500% | 5/13/40 | 2,775 | 2,768 | ||
Walt Disney Co. | 6.150% | 2/15/41 | 610 | 817 | ||
Walt Disney Co. | 5.400% | 10/1/43 | 1,456 | 1,817 | ||
Walt Disney Co. | 4.750% | 9/15/44 | 2,789 | 3,207 | ||
Walt Disney Co. | 4.950% | 10/15/45 | 1,205 | 1,433 | ||
Walt Disney Co. | 7.750% | 12/1/45 | 325 | 522 | ||
Walt Disney Co. | 4.750% | 11/15/46 | 1,046 | 1,232 | ||
Walt Disney Co. | 2.750% | 9/1/49 | 3,394 | 2,964 | ||
Walt Disney Co. | 4.700% | 3/23/50 | 4,150 | 4,930 | ||
Walt Disney Co. | 3.600% | 1/13/51 | 3,745 | 3,791 | ||
Walt Disney Co. | 3.800% | 5/13/60 | 3,623 | 3,749 | ||
698,404 | ||||||
Consumer Discretionary (5.6%) | ||||||
Alibaba Group Holding Ltd. | 4.500% | 11/28/34 | 1,371 | 1,439 | ||
Alibaba Group Holding Ltd. | 4.000% | 12/6/37 | 2,937 | 2,871 | ||
Alibaba Group Holding Ltd. | 2.700% | 2/9/41 | 624 | 502 | ||
Alibaba Group Holding Ltd. | 4.200% | 12/6/47 | 3,555 | 3,460 | ||
Alibaba Group Holding Ltd. | 3.150% | 2/9/51 | 3,225 | 2,617 | ||
Alibaba Group Holding Ltd. | 4.400% | 12/6/57 | 2,645 | 2,601 | ||
Alibaba Group Holding Ltd. | 3.250% | 2/9/61 | 2,080 | 1,621 | ||
Amazon.com Inc. | 4.800% | 12/5/34 | 1,046 | 1,259 | ||
Amazon.com Inc. | 3.875% | 8/22/37 | 7,144 | 7,845 | ||
Amazon.com Inc. | 2.875% | 5/12/41 | 1,868 | 1,778 | ||
Amazon.com Inc. | 4.950% | 12/5/44 | 3,606 | 4,483 | ||
Amazon.com Inc. | 4.050% | 8/22/47 | 9,844 | 11,067 | ||
Amazon.com Inc. | 2.500% | 6/3/50 | 5,697 | 4,924 | ||
Amazon.com Inc. | 3.100% | 5/12/51 | 4,948 | 4,781 | ||
Amazon.com Inc. | 4.250% | 8/22/57 | 4,425 | 5,119 | ||
Amazon.com Inc. | 2.700% | 6/3/60 | 4,141 | 3,540 | ||
Amazon.com Inc. | 3.250% | 5/12/61 | 3,545 | 3,377 | ||
1 | American University | 3.672% | 4/1/49 | 1,161 | 1,239 | |
Aptiv plc | 3.250% | 3/1/32 | 850 | 853 | ||
Aptiv plc | 4.400% | 10/1/46 | 390 | 402 | ||
Aptiv plc | 5.400% | 3/15/49 | 877 | 1,027 | ||
Aptiv plc | 3.100% | 12/1/51 | 3,005 | 2,538 | ||
Aptiv plc | 4.150% | 5/1/52 | 2,200 | 2,205 | ||
AutoNation Inc. | 3.850% | 3/1/32 | 1,500 | 1,516 | ||
BorgWarner Inc. | 4.375% | 3/15/45 | 513 | 533 | ||
1 | Brown University in Providence in the State of Rhode Island & Providence Plant | 2.924% | 9/1/50 | 1,015 | 993 | |
1 | California Endowment | 2.498% | 4/1/51 | 865 | 772 | |
California Institute of Technology | 4.321% | 8/1/45 | 820 | 975 | ||
California Institute of Technology | 4.700% | 11/1/11 | 803 | 1,021 | ||
California Institute of Technology | 3.650% | 9/1/19 | 1,140 | 1,083 | ||
Claremont Mckenna College | 3.775% | 1/1/22 | 900 | 835 | ||
Cleveland Clinic Foundation | 4.858% | 1/1/14 | 1,049 | 1,371 | ||
Darden Restaurants Inc. | 4.550% | 2/15/48 | 665 | 678 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Dick's Sporting Goods Inc. | 4.100% | 1/15/52 | 1,600 | 1,396 | ||
1 | Duke University | 2.682% | 10/1/44 | 1,240 | 1,144 | |
1 | Duke University | 2.832% | 10/1/55 | 1,620 | 1,491 | |
eBay Inc. | 4.000% | 7/15/42 | 1,567 | 1,579 | ||
eBay Inc. | 3.650% | 5/10/51 | 2,315 | 2,193 | ||
1 | Emory University | 2.969% | 9/1/50 | 1,237 | 1,173 | |
1 | Ford Foundation | 2.415% | 6/1/50 | 250 | 218 | |
1 | Ford Foundation | 2.815% | 6/1/70 | 1,904 | 1,731 | |
General Motors Co. | 5.000% | 4/1/35 | 890 | 963 | ||
General Motors Co. | 6.600% | 4/1/36 | 2,789 | 3,450 | ||
General Motors Co. | 5.150% | 4/1/38 | 2,813 | 3,053 | ||
General Motors Co. | 6.250% | 10/2/43 | 4,693 | 5,691 | ||
General Motors Co. | 5.200% | 4/1/45 | 415 | 448 | ||
General Motors Co. | 6.750% | 4/1/46 | 1,396 | 1,784 | ||
General Motors Co. | 5.400% | 4/1/48 | 2,391 | 2,650 | ||
General Motors Co. | 5.950% | 4/1/49 | 2,407 | 2,877 | ||
1 | George Washington University | 4.300% | 9/15/44 | 1,195 | 1,377 | |
George Washington University | 4.868% | 9/15/45 | 1,112 | 1,367 | ||
1 | George Washington University | 4.126% | 9/15/48 | 400 | 449 | |
1 | Georgetown University | 4.315% | 4/1/49 | 587 | 651 | |
1 | Georgetown University | 2.943% | 4/1/50 | 730 | 659 | |
1 | Georgetown University | 5.215% | 10/1/18 | 811 | 1,046 | |
Harley-Davidson Inc. | 4.625% | 7/28/45 | 606 | 594 | ||
Hasbro Inc. | 6.350% | 3/15/40 | 503 | 641 | ||
Hasbro Inc. | 5.100% | 5/15/44 | 1,311 | 1,486 | ||
Home Depot Inc. | 5.875% | 12/16/36 | 6,890 | 9,102 | ||
Home Depot Inc. | 3.300% | 4/15/40 | 3,070 | 3,071 | ||
Home Depot Inc. | 5.400% | 9/15/40 | 2,362 | 2,957 | ||
Home Depot Inc. | 5.950% | 4/1/41 | 2,792 | 3,701 | ||
Home Depot Inc. | 4.200% | 4/1/43 | 602 | 667 | ||
Home Depot Inc. | 4.875% | 2/15/44 | 2,264 | 2,715 | ||
Home Depot Inc. | 4.400% | 3/15/45 | 548 | 619 | ||
Home Depot Inc. | 4.250% | 4/1/46 | 4,524 | 5,031 | ||
Home Depot Inc. | 3.900% | 6/15/47 | 2,206 | 2,344 | ||
Home Depot Inc. | 4.500% | 12/6/48 | 3,601 | 4,172 | ||
Home Depot Inc. | 3.125% | 12/15/49 | 3,300 | 3,110 | ||
Home Depot Inc. | 3.350% | 4/15/50 | 2,008 | 1,968 | ||
Home Depot Inc. | 2.375% | 3/15/51 | 2,155 | 1,772 | ||
Home Depot Inc. | 2.750% | 9/15/51 | 3,127 | 2,779 | ||
Home Depot Inc. | 3.500% | 9/15/56 | 2,284 | 2,284 | ||
JD.com Inc. | 4.125% | 1/14/50 | 695 | 640 | ||
1 | Johns Hopkins University | 4.083% | 7/1/53 | 847 | 1,010 | |
1 | Johns Hopkins University | 2.813% | 1/1/60 | 865 | 788 | |
Kohl's Corp. | 5.550% | 7/17/45 | 995 | 1,017 | ||
Lear Corp. | 5.250% | 5/15/49 | 1,330 | 1,491 | ||
Lear Corp. | 3.550% | 1/15/52 | 725 | 629 | ||
Leggett & Platt Inc. | 3.500% | 11/15/51 | 1,050 | 976 | ||
Leland Stanford Junior University | 3.647% | 5/1/48 | 1,357 | 1,503 | ||
Leland Stanford Junior University | 2.413% | 6/1/50 | 1,285 | 1,128 | ||
Lowe's Cos. Inc. | 5.500% | 10/15/35 | 695 | 849 | ||
Lowe's Cos. Inc. | 5.000% | 4/15/40 | 3,154 | 3,620 | ||
Lowe's Cos. Inc. | 2.800% | 9/15/41 | 2,475 | 2,193 | ||
Lowe's Cos. Inc. | 4.650% | 4/15/42 | 1,147 | 1,279 | ||
Lowe's Cos. Inc. | 4.250% | 9/15/44 | 347 | 357 | ||
Lowe's Cos. Inc. | 4.375% | 9/15/45 | 445 | 474 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Lowe's Cos. Inc. | 3.700% | 4/15/46 | 1,965 | 1,916 | ||
Lowe's Cos. Inc. | 4.050% | 5/3/47 | 1,625 | 1,670 | ||
Lowe's Cos. Inc. | 4.550% | 4/5/49 | 2,440 | 2,718 | ||
Lowe's Cos. Inc. | 5.125% | 4/15/50 | 595 | 717 | ||
Lowe's Cos. Inc. | 3.000% | 10/15/50 | 2,213 | 1,926 | ||
Lowe's Cos. Inc. | 3.500% | 4/1/51 | 2,230 | 2,111 | ||
1 | Marriott International Inc. | 3.500% | 10/15/32 | 2,195 | 2,189 | |
1 | Marriott International Inc. | 2.750% | 10/15/33 | 1,414 | 1,304 | |
Masco Corp. | 4.500% | 5/15/47 | 483 | 521 | ||
Masco Corp. | 3.125% | 2/15/51 | 1,100 | 960 | ||
1 | Massachusetts Institute of Technology | 3.959% | 7/1/38 | 1,135 | 1,276 | |
1 | Massachusetts Institute of Technology | 2.989% | 7/1/50 | 1,540 | 1,526 | |
1 | Massachusetts Institute of Technology | 2.294% | 7/1/51 | 167 | 142 | |
Massachusetts Institute of Technology | 5.600% | 7/1/11 | 1,551 | 2,384 | ||
Massachusetts Institute of Technology | 4.678% | 7/1/14 | 765 | 989 | ||
Massachusetts Institute of Technology | 3.885% | 7/1/16 | 1,565 | 1,662 | ||
1 | McDonald's Corp. | 4.700% | 12/9/35 | 3,155 | 3,579 | |
1 | McDonald's Corp. | 6.300% | 10/15/37 | 1,924 | 2,548 | |
1 | McDonald's Corp. | 6.300% | 3/1/38 | 282 | 370 | |
1 | McDonald's Corp. | 5.700% | 2/1/39 | 1,749 | 2,146 | |
1 | McDonald's Corp. | 4.875% | 7/15/40 | 1,155 | 1,332 | |
1 | McDonald's Corp. | 3.700% | 2/15/42 | 2,202 | 2,188 | |
1 | McDonald's Corp. | 3.625% | 5/1/43 | 1,765 | 1,725 | |
1 | McDonald's Corp. | 4.600% | 5/26/45 | 686 | 759 | |
1 | McDonald's Corp. | 4.875% | 12/9/45 | 1,109 | 1,271 | |
1 | McDonald's Corp. | 4.450% | 3/1/47 | 490 | 536 | |
1 | McDonald's Corp. | 4.450% | 9/1/48 | 1,301 | 1,430 | |
1 | McDonald's Corp. | 3.625% | 9/1/49 | 5,384 | 5,295 | |
1 | McDonald's Corp. | 4.200% | 4/1/50 | 3,138 | 3,358 | |
MDC Holdings Inc. | 6.000% | 1/15/43 | 975 | 1,054 | ||
MDC Holdings Inc. | 3.966% | 8/6/61 | 590 | 481 | ||
NIKE Inc. | 3.250% | 3/27/40 | 2,408 | 2,403 | ||
NIKE Inc. | 3.625% | 5/1/43 | 679 | 708 | ||
NIKE Inc. | 3.875% | 11/1/45 | 1,829 | 1,980 | ||
NIKE Inc. | 3.375% | 11/1/46 | 485 | 480 | ||
NIKE Inc. | 3.375% | 3/27/50 | 3,940 | 4,014 | ||
1 | Northeastern University | 2.894% | 10/1/50 | 590 | 529 | |
1 | Northwestern University | 4.643% | 12/1/44 | 720 | 853 | |
1 | Northwestern University | 2.640% | 12/1/50 | 770 | 696 | |
1 | Northwestern University | 3.662% | 12/1/57 | 1,182 | 1,351 | |
Owens Corning | 7.000% | 12/1/36 | 867 | 1,140 | ||
Owens Corning | 4.300% | 7/15/47 | 772 | 807 | ||
Owens Corning | 4.400% | 1/30/48 | 1,158 | 1,229 | ||
President & Fellows of Harvard College | 4.875% | 10/15/40 | 708 | 897 | ||
President & Fellows of Harvard College | 3.150% | 7/15/46 | 570 | 580 | ||
President & Fellows of Harvard College | 2.517% | 10/15/50 | 1,532 | 1,378 | ||
President & Fellows of Harvard College | 3.300% | 7/15/56 | 1,151 | 1,195 | ||
PulteGroup Inc. | 7.875% | 6/15/32 | 1,009 | 1,364 | ||
PulteGroup Inc. | 6.375% | 5/15/33 | 965 | 1,190 | ||
PulteGroup Inc. | 6.000% | 2/15/35 | 400 | 481 | ||
1 | Rockefeller Foundation | 2.492% | 10/1/50 | 910 | 809 | |
Snap-on Inc. | 4.100% | 3/1/48 | 483 | 535 | ||
Snap-on Inc. | 3.100% | 5/1/50 | 1,485 | 1,400 | ||
Stanley Black & Decker Inc. | 5.200% | 9/1/40 | 515 | 622 | ||
Stanley Black & Decker Inc. | 4.850% | 11/15/48 | 870 | 1,057 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Stanley Black & Decker Inc. | 2.750% | 11/15/50 | 1,382 | 1,184 | ||
Starbucks Corp. | 4.300% | 6/15/45 | 522 | 546 | ||
Starbucks Corp. | 3.750% | 12/1/47 | 2,519 | 2,442 | ||
Starbucks Corp. | 4.500% | 11/15/48 | 572 | 621 | ||
Starbucks Corp. | 4.450% | 8/15/49 | 2,146 | 2,307 | ||
Starbucks Corp. | 3.350% | 3/12/50 | 1,250 | 1,137 | ||
Starbucks Corp. | 3.500% | 11/15/50 | 3,125 | 2,933 | ||
Tapestry Inc. | 3.050% | 3/15/32 | 1,200 | 1,143 | ||
Thomas Jefferson University | 3.847% | 11/1/57 | 1,000 | 974 | ||
TJX Cos. Inc. | 4.500% | 4/15/50 | 127 | 156 | ||
1 | Trustees of Boston College | 3.129% | 7/1/52 | 752 | 733 | |
1 | Trustees of Boston University | 4.061% | 10/1/48 | 995 | 1,111 | |
Trustees of Princeton University | 5.700% | 3/1/39 | 910 | 1,227 | ||
1 | Trustees of Princeton University | 2.516% | 7/1/50 | 1,232 | 1,089 | |
1 | Trustees of the University of Pennsylvania | 2.396% | 10/1/50 | 1,105 | 950 | |
Trustees of the University of Pennsylvania | 4.674% | 9/1/12 | 400 | 517 | ||
Trustees of the University of Pennsylvania | 3.610% | 2/15/19 | 700 | 706 | ||
1 | University of Chicago | 2.547% | 4/1/50 | 1,230 | 1,077 | |
University of Chicago | 3.000% | 10/1/52 | 1,075 | 1,054 | ||
1 | University of Chicago | 4.003% | 10/1/53 | 800 | 897 | |
1 | University of Notre Dame du Lac | 3.438% | 2/15/45 | 1,073 | 1,117 | |
1 | University of Notre Dame du Lac | 3.394% | 2/15/48 | 739 | 771 | |
1 | University of Southern California | 3.028% | 10/1/39 | 1,694 | 1,658 | |
1 | University of Southern California | 3.841% | 10/1/47 | 535 | 592 | |
University of Southern California | 2.805% | 10/1/50 | 635 | 585 | ||
1 | University of Southern California | 2.945% | 10/1/51 | 945 | 911 | |
University of Southern California | 5.250% | 10/1/11 | 745 | 1,025 | ||
1 | University of Southern California | 3.226% | 10/1/20 | 735 | 686 | |
Whirlpool Corp. | 4.500% | 6/1/46 | 1,250 | 1,340 | ||
Whirlpool Corp. | 4.600% | 5/15/50 | 1,240 | 1,352 | ||
1 | William Marsh Rice University | 3.574% | 5/15/45 | 1,170 | 1,245 | |
1 | William Marsh Rice University | 3.774% | 5/15/55 | 358 | 406 | |
1 | Yale University | 2.402% | 4/15/50 | 725 | 635 | |
300,590 | ||||||
Consumer Staples (7.4%) | ||||||
Altria Group Inc. | 5.800% | 2/14/39 | 2,737 | 3,002 | ||
Altria Group Inc. | 3.400% | 2/4/41 | 3,415 | 2,826 | ||
Altria Group Inc. | 4.250% | 8/9/42 | 2,006 | 1,830 | ||
Altria Group Inc. | 4.500% | 5/2/43 | 4,157 | 3,899 | ||
Altria Group Inc. | 5.375% | 1/31/44 | 3,370 | 3,525 | ||
Altria Group Inc. | 3.875% | 9/16/46 | 3,310 | 2,843 | ||
Altria Group Inc. | 5.950% | 2/14/49 | 4,273 | 4,777 | ||
Altria Group Inc. | 4.450% | 5/6/50 | 1,702 | 1,566 | ||
Altria Group Inc. | 3.700% | 2/4/51 | 3,000 | 2,451 | ||
Altria Group Inc. | 6.200% | 2/14/59 | 410 | 463 | ||
Altria Group Inc. | 4.000% | 2/4/61 | 1,130 | 940 | ||
1 | Anheuser-Busch Cos. LLC | 4.700% | 2/1/36 | 8,890 | 9,919 | |
1 | Anheuser-Busch Cos. LLC | 4.900% | 2/1/46 | 21,543 | 24,473 | |
Anheuser-Busch InBev Finance Inc. | 4.700% | 2/1/36 | 2,836 | 3,161 | ||
Anheuser-Busch InBev Finance Inc. | 4.000% | 1/17/43 | 2,629 | 2,682 | ||
Anheuser-Busch InBev Finance Inc. | 4.625% | 2/1/44 | 1,422 | 1,552 | ||
Anheuser-Busch InBev Finance Inc. | 4.900% | 2/1/46 | 4,780 | 5,359 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.875% | 6/15/35 | 1,090 | 1,337 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.375% | 4/15/38 | 5,620 | 6,030 | ||
Anheuser-Busch InBev Worldwide Inc. | 8.200% | 1/15/39 | 1,367 | 2,081 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Anheuser-Busch InBev Worldwide Inc. | 5.450% | 1/23/39 | 3,589 | 4,276 | ||
Anheuser-Busch InBev Worldwide Inc. | 8.000% | 11/15/39 | 2,402 | 3,608 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.350% | 6/1/40 | 2,135 | 2,277 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.950% | 1/15/42 | 1,771 | 2,021 | ||
Anheuser-Busch InBev Worldwide Inc. | 3.750% | 7/15/42 | 4,251 | 4,197 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.600% | 4/15/48 | 6,699 | 7,358 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.439% | 10/6/48 | 3,317 | 3,552 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.550% | 1/23/49 | 7,005 | 8,673 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.500% | 6/1/50 | 2,485 | 2,737 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.750% | 4/15/58 | 3,458 | 3,830 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.800% | 1/23/59 | 3,496 | 4,488 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.600% | 6/1/60 | 2,352 | 2,557 | ||
Archer-Daniels-Midland Co. | 2.900% | 3/1/32 | 1,500 | 1,518 | ||
Archer-Daniels-Midland Co. | 5.935% | 10/1/32 | 310 | 394 | ||
Archer-Daniels-Midland Co. | 5.375% | 9/15/35 | 720 | 904 | ||
Archer-Daniels-Midland Co. | 3.750% | 9/15/47 | 1,297 | 1,400 | ||
Archer-Daniels-Midland Co. | 4.500% | 3/15/49 | 1,818 | 2,185 | ||
Archer-Daniels-Midland Co. | 2.700% | 9/15/51 | 1,164 | 1,046 | ||
BAT Capital Corp. | 4.390% | 8/15/37 | 3,436 | 3,299 | ||
BAT Capital Corp. | 3.734% | 9/25/40 | 300 | 260 | ||
BAT Capital Corp. | 4.540% | 8/15/47 | 5,027 | 4,641 | ||
BAT Capital Corp. | 4.758% | 9/6/49 | 2,580 | 2,453 | ||
BAT Capital Corp. | 5.282% | 4/2/50 | 1,228 | 1,242 | ||
BAT Capital Corp. | 3.984% | 9/25/50 | 3,196 | 2,749 | ||
Brown-Forman Corp. | 4.000% | 4/15/38 | 763 | 827 | ||
Brown-Forman Corp. | 4.500% | 7/15/45 | 721 | 830 | ||
Campbell Soup Co. | 4.800% | 3/15/48 | 1,051 | 1,196 | ||
Campbell Soup Co. | 3.125% | 4/24/50 | 1,195 | 1,047 | ||
Church & Dwight Co. Inc. | 3.950% | 8/1/47 | 1,063 | 1,147 | ||
Coca-Cola Co. | 2.500% | 6/1/40 | 990 | 898 | ||
Coca-Cola Co. | 2.875% | 5/5/41 | 1,238 | 1,176 | ||
Coca-Cola Co. | 4.200% | 3/25/50 | 1,608 | 1,851 | ||
Coca-Cola Co. | 2.600% | 6/1/50 | 4,060 | 3,560 | ||
Coca-Cola Co. | 3.000% | 3/5/51 | 1,330 | 1,264 | ||
Coca-Cola Co. | 2.500% | 3/15/51 | 6,135 | 5,258 | ||
Coca-Cola Co. | 2.750% | 6/1/60 | 1,630 | 1,421 | ||
Coca-Cola Femsa SAB de CV | 1.850% | 9/1/32 | 1,386 | 1,210 | ||
Coca-Cola Femsa SAB de CV | 5.250% | 11/26/43 | 1,104 | 1,322 | ||
1 | Colgate-Palmolive Co. | 4.000% | 8/15/45 | 1,063 | 1,198 | |
1 | Colgate-Palmolive Co. | 3.700% | 8/1/47 | 539 | 592 | |
Conagra Brands Inc. | 5.300% | 11/1/38 | 2,455 | 2,831 | ||
Conagra Brands Inc. | 5.400% | 11/1/48 | 1,399 | 1,694 | ||
Constellation Brands Inc. | 4.500% | 5/9/47 | 1,677 | 1,763 | ||
Constellation Brands Inc. | 4.100% | 2/15/48 | 1,012 | 1,010 | ||
Constellation Brands Inc. | 5.250% | 11/15/48 | 2,033 | 2,366 | ||
Constellation Brands Inc. | 3.750% | 5/1/50 | 420 | 401 | ||
Costco Wholesale Corp. | 1.750% | 4/20/32 | 3,564 | 3,283 | ||
Delhaize America LLC | 9.000% | 4/15/31 | 210 | 302 | ||
Diageo Capital plc | 2.125% | 4/29/32 | 2,056 | 1,935 | ||
Diageo Capital plc | 5.875% | 9/30/36 | 2,209 | 2,915 | ||
Diageo Capital plc | 3.875% | 4/29/43 | 809 | 872 | ||
Diageo Investment Corp. | 7.450% | 4/15/35 | 1,007 | 1,461 | ||
Diageo Investment Corp. | 4.250% | 5/11/42 | 570 | 642 | ||
Dollar General Corp. | 4.125% | 4/3/50 | 1,415 | 1,461 | ||
Dollar Tree Inc. | 3.375% | 12/1/51 | 1,050 | 932 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Estee Lauder Cos. Inc. | 6.000% | 5/15/37 | 1,972 | 2,638 | ||
Estee Lauder Cos. Inc. | 4.375% | 6/15/45 | 948 | 1,091 | ||
Estee Lauder Cos. Inc. | 4.150% | 3/15/47 | 1,138 | 1,286 | ||
Estee Lauder Cos. Inc. | 3.125% | 12/1/49 | 815 | 795 | ||
Fomento Economico Mexicano SAB de CV | 4.375% | 5/10/43 | 316 | 335 | ||
Fomento Economico Mexicano SAB de CV | 3.500% | 1/16/50 | 5,218 | 4,903 | ||
General Mills Inc. | 5.400% | 6/15/40 | 650 | 797 | ||
General Mills Inc. | 4.700% | 4/17/48 | 400 | 472 | ||
General Mills Inc. | 3.000% | 2/1/51 | 3,021 | 2,736 | ||
Hershey Co. | 3.375% | 8/15/46 | 1,283 | 1,302 | ||
Hershey Co. | 3.125% | 11/15/49 | 971 | 951 | ||
Hormel Foods Corp. | 3.050% | 6/3/51 | 1,101 | 1,049 | ||
Ingredion Inc. | 3.900% | 6/1/50 | 625 | 636 | ||
J M Smucker Co. | 2.125% | 3/15/32 | 1,517 | 1,388 | ||
J M Smucker Co. | 4.250% | 3/15/35 | 2,330 | 2,515 | ||
J M Smucker Co. | 2.750% | 9/15/41 | 395 | 343 | ||
J M Smucker Co. | 4.375% | 3/15/45 | 691 | 747 | ||
J M Smucker Co. | 3.550% | 3/15/50 | 991 | 943 | ||
Kellogg Co. | 4.500% | 4/1/46 | 1,131 | 1,278 | ||
Keurig Dr Pepper Inc. | 4.985% | 5/25/38 | 802 | 916 | ||
Keurig Dr Pepper Inc. | 4.500% | 11/15/45 | 839 | 899 | ||
Keurig Dr Pepper Inc. | 4.420% | 12/15/46 | 2,524 | 2,699 | ||
Keurig Dr Pepper Inc. | 5.085% | 5/25/48 | 555 | 649 | ||
Keurig Dr Pepper Inc. | 3.800% | 5/1/50 | 1,455 | 1,431 | ||
Keurig Dr Pepper Inc. | 3.350% | 3/15/51 | 1,725 | 1,571 | ||
Kimberly-Clark Corp. | 6.625% | 8/1/37 | 2,098 | 2,969 | ||
Kimberly-Clark Corp. | 5.300% | 3/1/41 | 353 | 441 | ||
Kimberly-Clark Corp. | 3.200% | 7/30/46 | 1,415 | 1,382 | ||
Kimberly-Clark Corp. | 3.900% | 5/4/47 | 365 | 395 | ||
Kimberly-Clark Corp. | 2.875% | 2/7/50 | 1,734 | 1,623 | ||
Koninklijke Ahold Delhaize NV | 5.700% | 10/1/40 | 677 | 873 | ||
Kroger Co. | 6.900% | 4/15/38 | 391 | 530 | ||
Kroger Co. | 5.400% | 7/15/40 | 993 | 1,188 | ||
Kroger Co. | 5.000% | 4/15/42 | 1,673 | 1,932 | ||
Kroger Co. | 5.150% | 8/1/43 | 1,896 | 2,203 | ||
Kroger Co. | 3.875% | 10/15/46 | 1,323 | 1,331 | ||
Kroger Co. | 4.450% | 2/1/47 | 1,943 | 2,111 | ||
Kroger Co. | 4.650% | 1/15/48 | 999 | 1,118 | ||
Kroger Co. | 3.950% | 1/15/50 | 1,412 | 1,452 | ||
McCormick & Co. Inc. | 4.200% | 8/15/47 | 580 | 641 | ||
Mead Johnson Nutrition Co. | 5.900% | 11/1/39 | 845 | 1,123 | ||
Mead Johnson Nutrition Co. | 4.600% | 6/1/44 | 1,281 | 1,519 | ||
Molson Coors Beverage Co. | 5.000% | 5/1/42 | 2,700 | 2,953 | ||
Molson Coors Beverage Co. | 4.200% | 7/15/46 | 3,839 | 3,827 | ||
Mondelez International Inc. | 1.875% | 10/15/32 | 1,933 | 1,738 | ||
Mondelez International Inc. | 2.625% | 9/4/50 | 3,355 | 2,828 | ||
PepsiCo Inc. | 3.500% | 3/19/40 | 674 | 707 | ||
PepsiCo Inc. | 2.625% | 10/21/41 | 1,505 | 1,397 | ||
PepsiCo Inc. | 4.000% | 3/5/42 | 1,223 | 1,344 | ||
PepsiCo Inc. | 3.600% | 8/13/42 | 2,125 | 2,235 | ||
PepsiCo Inc. | 4.250% | 10/22/44 | 789 | 896 | ||
PepsiCo Inc. | 4.450% | 4/14/46 | 1,971 | 2,335 | ||
PepsiCo Inc. | 3.450% | 10/6/46 | 3,410 | 3,516 | ||
PepsiCo Inc. | 4.000% | 5/2/47 | 1,035 | 1,162 | ||
PepsiCo Inc. | 3.375% | 7/29/49 | 1,515 | 1,532 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PepsiCo Inc. | 2.875% | 10/15/49 | 1,511 | 1,424 | ||
PepsiCo Inc. | 3.625% | 3/19/50 | 2,176 | 2,326 | ||
PepsiCo Inc. | 2.750% | 10/21/51 | 1,370 | 1,259 | ||
PepsiCo Inc. | 3.875% | 3/19/60 | 1,570 | 1,753 | ||
Philip Morris International Inc. | 6.375% | 5/16/38 | 3,276 | 4,242 | ||
Philip Morris International Inc. | 4.375% | 11/15/41 | 1,974 | 2,048 | ||
Philip Morris International Inc. | 4.500% | 3/20/42 | 1,650 | 1,745 | ||
Philip Morris International Inc. | 3.875% | 8/21/42 | 1,397 | 1,368 | ||
Philip Morris International Inc. | 4.125% | 3/4/43 | 3,232 | 3,246 | ||
Philip Morris International Inc. | 4.875% | 11/15/43 | 1,844 | 2,035 | ||
Philip Morris International Inc. | 4.250% | 11/10/44 | 1,095 | 1,129 | ||
Procter & Gamble Co. | 5.800% | 8/15/34 | 289 | 379 | ||
Procter & Gamble Co. | 5.550% | 3/5/37 | 375 | 499 | ||
Procter & Gamble Co. | 3.550% | 3/25/40 | 1,885 | 2,018 | ||
Procter & Gamble Co. | 3.500% | 10/25/47 | 1,505 | 1,620 | ||
Procter & Gamble Co. | 3.600% | 3/25/50 | 1,376 | 1,515 | ||
Reynolds American Inc. | 5.700% | 8/15/35 | 2,914 | 3,202 | ||
Reynolds American Inc. | 7.250% | 6/15/37 | 805 | 997 | ||
Reynolds American Inc. | 6.150% | 9/15/43 | 1,812 | 2,025 | ||
Reynolds American Inc. | 5.850% | 8/15/45 | 4,693 | 5,064 | ||
Sysco Corp. | 5.375% | 9/21/35 | 1,041 | 1,244 | ||
Sysco Corp. | 6.600% | 4/1/40 | 2,712 | 3,627 | ||
Sysco Corp. | 4.850% | 10/1/45 | 1,451 | 1,593 | ||
Sysco Corp. | 4.500% | 4/1/46 | 1,881 | 1,999 | ||
Sysco Corp. | 4.450% | 3/15/48 | 1,460 | 1,555 | ||
Sysco Corp. | 6.600% | 4/1/50 | 1,999 | 2,772 | ||
Sysco Corp. | 3.150% | 12/14/51 | 750 | 655 | ||
Target Corp. | 6.500% | 10/15/37 | 1,322 | 1,857 | ||
Target Corp. | 7.000% | 1/15/38 | 800 | 1,171 | ||
Target Corp. | 4.000% | 7/1/42 | 2,035 | 2,255 | ||
Target Corp. | 3.625% | 4/15/46 | 1,200 | 1,264 | ||
Target Corp. | 3.900% | 11/15/47 | 1,885 | 2,074 | ||
Target Corp. | 2.950% | 1/15/52 | 2,560 | 2,415 | ||
Tyson Foods Inc. | 4.875% | 8/15/34 | 1,334 | 1,523 | ||
Tyson Foods Inc. | 5.150% | 8/15/44 | 1,432 | 1,705 | ||
Tyson Foods Inc. | 4.550% | 6/2/47 | 1,434 | 1,593 | ||
Tyson Foods Inc. | 5.100% | 9/28/48 | 2,453 | 2,941 | ||
Unilever Capital Corp. | 5.900% | 11/15/32 | 2,617 | 3,330 | ||
1 | Unilever Capital Corp. | 2.625% | 8/12/51 | 485 | 421 | |
Walgreens Boots Alliance Inc. | 4.800% | 11/18/44 | 2,293 | 2,506 | ||
Walgreens Boots Alliance Inc. | 4.100% | 4/15/50 | 2,611 | 2,618 | ||
Walmart Inc. | 5.250% | 9/1/35 | 760 | 967 | ||
Walmart Inc. | 6.200% | 4/15/38 | 1,387 | 1,923 | ||
Walmart Inc. | 3.950% | 6/28/38 | 3,599 | 4,014 | ||
Walmart Inc. | 5.625% | 4/1/40 | 1,231 | ��� 1,636 | ||
Walmart Inc. | 5.000% | 10/25/40 | 1,188 | 1,487 | ||
Walmart Inc. | 5.625% | 4/15/41 | 2,638 | 3,540 | ||
Walmart Inc. | 2.500% | 9/22/41 | 831 | 761 | ||
Walmart Inc. | 4.000% | 4/11/43 | 1,533 | 1,712 | ||
Walmart Inc. | 3.625% | 12/15/47 | 1,930 | 2,074 | ||
Walmart Inc. | 4.050% | 6/29/48 | 4,109 | 4,700 | ||
Walmart Inc. | 2.950% | 9/24/49 | 2,224 | 2,138 | ||
Walmart Inc. | 2.650% | 9/22/51 | 3,069 | 2,808 | ||
397,489 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Energy (8.8%) | ||||||
Baker Hughes Holdings LLC | 5.125% | 9/15/40 | 2,015 | 2,312 | ||
Baker Hughes Holdings LLC | 4.080% | 12/15/47 | 3,201 | 3,241 | ||
Boardwalk Pipelines LP | 3.600% | 9/1/32 | 1,000 | 990 | ||
BP Capital Markets America Inc. | 3.060% | 6/17/41 | 2,384 | 2,141 | ||
BP Capital Markets America Inc. | 3.000% | 2/24/50 | 5,215 | 4,454 | ||
BP Capital Markets America Inc. | 2.772% | 11/10/50 | 4,950 | 4,033 | ||
BP Capital Markets America Inc. | 2.939% | 6/4/51 | 4,050 | 3,409 | ||
BP Capital Markets America Inc. | 3.001% | 3/17/52 | 2,862 | 2,435 | ||
BP Capital Markets America Inc. | 3.379% | 2/8/61 | 4,892 | 4,312 | ||
Burlington Resources LLC | 5.950% | 10/15/36 | 964 | 1,247 | ||
Canadian Natural Resources Ltd. | 6.450% | 6/30/33 | 405 | 497 | ||
Canadian Natural Resources Ltd. | 5.850% | 2/1/35 | 1,792 | 2,113 | ||
Canadian Natural Resources Ltd. | 6.500% | 2/15/37 | 2,008 | 2,524 | ||
Canadian Natural Resources Ltd. | 6.250% | 3/15/38 | 770 | 942 | ||
Canadian Natural Resources Ltd. | 6.750% | 2/1/39 | 1,330 | 1,695 | ||
1 | Canadian Natural Resources Ltd. | 4.950% | 6/1/47 | 840 | 948 | |
Cenovus Energy Inc. | 5.250% | 6/15/37 | 1,475 | 1,641 | ||
Cenovus Energy Inc. | 6.800% | 9/15/37 | 1,128 | 1,426 | ||
Cenovus Energy Inc. | 6.750% | 11/15/39 | 3,058 | 3,836 | ||
Cenovus Energy Inc. | 5.400% | 6/15/47 | 2,055 | 2,323 | ||
Cenovus Energy Inc. | 3.750% | 2/15/52 | 1,833 | 1,654 | ||
2 | Cheniere Corpus Christi Holdings LLC | 2.742% | 12/31/39 | 1,873 | 1,701 | |
Chevron Corp. | 3.078% | 5/11/50 | 1,028 | 990 | ||
Chevron USA Inc. | 5.250% | 11/15/43 | 2,423 | 3,072 | ||
Chevron USA Inc. | 2.343% | 8/12/50 | 1,245 | 1,036 | ||
Columbia Pipeline Group Inc. | 5.800% | 6/1/45 | 1,422 | 1,713 | ||
ConocoPhillips | 5.900% | 10/15/32 | 596 | 742 | ||
ConocoPhillips | 5.900% | 5/15/38 | 2,118 | 2,741 | ||
ConocoPhillips | 6.500% | 2/1/39 | 4,938 | 6,842 | ||
2 | ConocoPhillips | 4.875% | 10/1/47 | 4,000 | 4,806 | |
ConocoPhillips Co. | 4.300% | 11/15/44 | 1,970 | 2,159 | ||
3 | ConocoPhillips Co. | 3.800% | 3/15/52 | 2,500 | 2,538 | |
Continental Resources Inc. | 4.900% | 6/1/44 | 1,135 | 1,144 | ||
Devon Energy Corp. | 7.950% | 4/15/32 | 1,732 | 2,353 | ||
Devon Energy Corp. | 5.600% | 7/15/41 | 1,709 | 1,998 | ||
Devon Energy Corp. | 4.750% | 5/15/42 | 2,100 | 2,252 | ||
Devon Energy Corp. | 5.000% | 6/15/45 | 1,745 | 1,945 | ||
Diamondback Energy Inc. | 4.400% | 3/24/51 | 1,930 | 2,000 | ||
2 | Eastern Gas Transmission & Storage Inc. | 4.800% | 11/1/43 | 880 | 954 | |
2 | Eastern Gas Transmission & Storage Inc. | 4.600% | 12/15/44 | 630 | 681 | |
2 | Eastern Gas Transmission & Storage Inc. | 3.900% | 11/15/49 | 825 | 803 | |
1 | Enbridge Energy Partners LP | 7.500% | 4/15/38 | 1,152 | 1,603 | |
Enbridge Energy Partners LP | 5.500% | 9/15/40 | 883 | 1,036 | ||
Enbridge Energy Partners LP | 7.375% | 10/15/45 | 353 | 501 | ||
Enbridge Inc. | 2.500% | 8/1/33 | 435 | 401 | ||
Enbridge Inc. | 4.500% | 6/10/44 | 905 | 959 | ||
Enbridge Inc. | 5.500% | 12/1/46 | 2,117 | 2,601 | ||
Enbridge Inc. | 4.000% | 11/15/49 | 2,139 | 2,151 | ||
Enbridge Inc. | 3.400% | 8/1/51 | 2,305 | 2,103 | ||
Energy Transfer LP | 4.900% | 3/15/35 | 1,833 | 1,928 | ||
Energy Transfer LP | 6.625% | 10/15/36 | 1,550 | 1,826 | ||
1 | Energy Transfer LP | 5.800% | 6/15/38 | 757 | 846 | |
Energy Transfer LP | 7.500% | 7/1/38 | 649 | 827 | ||
Energy Transfer LP | 6.050% | 6/1/41 | 1,114 | 1,265 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Energy Transfer LP | 6.500% | 2/1/42 | 2,732 | 3,230 | ||
Energy Transfer LP | 6.100% | 2/15/42 | 1,646 | 1,855 | ||
Energy Transfer LP | 4.950% | 1/15/43 | 868 | 856 | ||
Energy Transfer LP | 5.150% | 2/1/43 | 1,775 | 1,802 | ||
Energy Transfer LP | 5.950% | 10/1/43 | 2,428 | 2,677 | ||
Energy Transfer LP | 5.300% | 4/1/44 | 874 | 905 | ||
Energy Transfer LP | 5.000% | 5/15/44 | 100 | 100 | ||
Energy Transfer LP | 5.150% | 3/15/45 | 2,821 | 2,894 | ||
Energy Transfer LP | 5.350% | 5/15/45 | 1,465 | 1,539 | ||
Energy Transfer LP | 6.125% | 12/15/45 | 2,390 | 2,712 | ||
Energy Transfer LP | 5.300% | 4/15/47 | 2,737 | 2,869 | ||
Energy Transfer LP | 5.400% | 10/1/47 | 2,978 | 3,166 | ||
Energy Transfer LP | 6.000% | 6/15/48 | 1,869 | 2,114 | ||
Energy Transfer LP | 6.250% | 4/15/49 | 1,409 | 1,645 | ||
Energy Transfer LP | 5.000% | 5/15/50 | 4,255 | 4,433 | ||
1 | Enterprise Products Operating LLC | 6.875% | 3/1/33 | 882 | 1,134 | |
1 | Enterprise Products Operating LLC | 6.650% | 10/15/34 | 1,522 | 1,920 | |
Enterprise Products Operating LLC | 7.550% | 4/15/38 | 2,018 | 2,760 | ||
Enterprise Products Operating LLC | 6.125% | 10/15/39 | 1,896 | 2,346 | ||
Enterprise Products Operating LLC | 6.450% | 9/1/40 | 550 | 705 | ||
Enterprise Products Operating LLC | 5.950% | 2/1/41 | 1,055 | 1,288 | ||
Enterprise Products Operating LLC | 5.700% | 2/15/42 | 710 | 842 | ||
Enterprise Products Operating LLC | 4.850% | 8/15/42 | 2,061 | 2,241 | ||
Enterprise Products Operating LLC | 4.450% | 2/15/43 | 2,361 | 2,426 | ||
Enterprise Products Operating LLC | 4.850% | 3/15/44 | 2,685 | 2,925 | ||
Enterprise Products Operating LLC | 5.100% | 2/15/45 | 2,704 | 3,023 | ||
Enterprise Products Operating LLC | 4.900% | 5/15/46 | 1,827 | 2,001 | ||
Enterprise Products Operating LLC | 4.250% | 2/15/48 | 2,530 | 2,565 | ||
Enterprise Products Operating LLC | 4.800% | 2/1/49 | 2,976 | 3,250 | ||
Enterprise Products Operating LLC | 4.200% | 1/31/50 | 2,988 | 3,001 | ||
Enterprise Products Operating LLC | 3.700% | 1/31/51 | 1,802 | 1,684 | ||
Enterprise Products Operating LLC | 3.200% | 2/15/52 | 1,126 | 973 | ||
Enterprise Products Operating LLC | 3.300% | 2/15/53 | 2,784 | 2,437 | ||
Enterprise Products Operating LLC | 4.950% | 10/15/54 | 1,371 | 1,527 | ||
Enterprise Products Operating LLC | 3.950% | 1/31/60 | 1,525 | 1,432 | ||
EOG Resources Inc. | 3.900% | 4/1/35 | 1,353 | 1,455 | ||
EOG Resources Inc. | 4.950% | 4/15/50 | 1,230 | 1,494 | ||
Exxon Mobil Corp. | 2.995% | 8/16/39 | 1,663 | 1,584 | ||
Exxon Mobil Corp. | 4.227% | 3/19/40 | 4,095 | 4,507 | ||
Exxon Mobil Corp. | 3.567% | 3/6/45 | 3,517 | 3,517 | ||
Exxon Mobil Corp. | 4.114% | 3/1/46 | 6,278 | 6,842 | ||
Exxon Mobil Corp. | 3.095% | 8/16/49 | 4,794 | 4,488 | ||
Exxon Mobil Corp. | 4.327% | 3/19/50 | 3,972 | 4,497 | ||
Exxon Mobil Corp. | 3.452% | 4/15/51 | 4,665 | 4,624 | ||
Halliburton Co. | 4.850% | 11/15/35 | 2,415 | 2,690 | ||
Halliburton Co. | 6.700% | 9/15/38 | 2,873 | 3,697 | ||
Halliburton Co. | 7.450% | 9/15/39 | 924 | 1,274 | ||
Halliburton Co. | 4.500% | 11/15/41 | 1,745 | 1,806 | ||
Halliburton Co. | 4.750% | 8/1/43 | 2,554 | 2,721 | ||
Halliburton Co. | 5.000% | 11/15/45 | 3,209 | 3,581 | ||
Hess Corp. | 7.125% | 3/15/33 | 1,480 | 1,881 | ||
Hess Corp. | 6.000% | 1/15/40 | 682 | 811 | ||
Hess Corp. | 5.600% | 2/15/41 | 3,240 | 3,734 | ||
Hess Corp. | 5.800% | 4/1/47 | 1,188 | 1,420 | ||
Kinder Morgan Energy Partners LP | 7.750% | 3/15/32 | 1,381 | 1,830 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Kinder Morgan Energy Partners LP | 7.300% | 8/15/33 | 481 | 617 | ||
Kinder Morgan Energy Partners LP | 5.800% | 3/15/35 | 971 | 1,140 | ||
Kinder Morgan Energy Partners LP | 6.500% | 2/1/37 | 1,668 | 2,066 | ||
1 | Kinder Morgan Energy Partners LP | 6.950% | 1/15/38 | 937 | 1,196 | |
Kinder Morgan Energy Partners LP | 6.500% | 9/1/39 | 1,543 | 1,870 | ||
Kinder Morgan Energy Partners LP | 6.550% | 9/15/40 | 1,871 | 2,289 | ||
Kinder Morgan Energy Partners LP | 7.500% | 11/15/40 | 1,869 | 2,499 | ||
Kinder Morgan Energy Partners LP | 5.625% | 9/1/41 | 790 | 892 | ||
Kinder Morgan Energy Partners LP | 5.000% | 8/15/42 | 1,090 | 1,147 | ||
Kinder Morgan Energy Partners LP | 4.700% | 11/1/42 | 1,332 | 1,363 | ||
Kinder Morgan Energy Partners LP | 5.000% | 3/1/43 | 1,193 | 1,265 | ||
Kinder Morgan Energy Partners LP | 5.500% | 3/1/44 | 3,050 | 3,424 | ||
Kinder Morgan Energy Partners LP | 5.400% | 9/1/44 | 2,272 | 2,534 | ||
Kinder Morgan Inc. | 5.300% | 12/1/34 | 1,503 | 1,695 | ||
Kinder Morgan Inc. | 5.550% | 6/1/45 | 2,751 | 3,153 | ||
Kinder Morgan Inc. | 5.050% | 2/15/46 | 2,156 | 2,335 | ||
Kinder Morgan Inc. | 5.200% | 3/1/48 | 1,236 | 1,376 | ||
Kinder Morgan Inc. | 3.250% | 8/1/50 | 774 | 651 | ||
Kinder Morgan Inc. | 3.600% | 2/15/51 | 1,850 | 1,659 | ||
Magellan Midstream Partners LP | 5.150% | 10/15/43 | 595 | 656 | ||
Magellan Midstream Partners LP | 4.250% | 9/15/46 | 430 | 426 | ||
Magellan Midstream Partners LP | 4.200% | 10/3/47 | 2,092 | 2,056 | ||
Magellan Midstream Partners LP | 4.850% | 2/1/49 | 555 | 595 | ||
Magellan Midstream Partners LP | 3.950% | 3/1/50 | 2,812 | 2,662 | ||
Marathon Oil Corp. | 6.800% | 3/15/32 | 479 | 589 | ||
Marathon Oil Corp. | 6.600% | 10/1/37 | 2,732 | 3,440 | ||
Marathon Oil Corp. | 5.200% | 6/1/45 | 1,018 | 1,126 | ||
Marathon Petroleum Corp. | 6.500% | 3/1/41 | 922 | 1,173 | ||
Marathon Petroleum Corp. | 4.750% | 9/15/44 | 2,131 | 2,253 | ||
Marathon Petroleum Corp. | 4.500% | 4/1/48 | 1,335 | 1,380 | ||
Marathon Petroleum Corp. | 5.000% | 9/15/54 | 1,060 | 1,140 | ||
MPLX LP | 4.500% | 4/15/38 | 3,318 | 3,432 | ||
MPLX LP | 5.200% | 3/1/47 | 1,287 | 1,418 | ||
MPLX LP | 5.200% | 12/1/47 | 1,573 | 1,713 | ||
MPLX LP | 4.700% | 4/15/48 | 1,221 | 1,265 | ||
MPLX LP | 5.500% | 2/15/49 | 5,003 | 5,715 | ||
MPLX LP | 4.900% | 4/15/58 | 1,719 | 1,772 | ||
NOV Inc. | 3.950% | 12/1/42 | 1,885 | 1,701 | ||
ONEOK Inc. | 6.000% | 6/15/35 | 1,085 | 1,248 | ||
ONEOK Inc. | 4.950% | 7/13/47 | 1,485 | 1,558 | ||
ONEOK Inc. | 5.200% | 7/15/48 | 1,928 | 2,100 | ||
ONEOK Inc. | 4.450% | 9/1/49 | 1,750 | 1,723 | ||
ONEOK Inc. | 4.500% | 3/15/50 | 855 | 845 | ||
ONEOK Inc. | 7.150% | 1/15/51 | 1,040 | 1,380 | ||
ONEOK Partners LP | 6.650% | 10/1/36 | 920 | 1,109 | ||
ONEOK Partners LP | 6.850% | 10/15/37 | 1,920 | 2,374 | ||
ONEOK Partners LP | 6.125% | 2/1/41 | 682 | 786 | ||
ONEOK Partners LP | 6.200% | 9/15/43 | 1,050 | 1,213 | ||
Ovintiv Inc. | 6.500% | 8/15/34 | 1,785 | 2,178 | ||
Ovintiv Inc. | 6.625% | 8/15/37 | 1,400 | 1,710 | ||
Ovintiv Inc. | 6.500% | 2/1/38 | 460 | 547 | ||
Phillips 66 | 4.650% | 11/15/34 | 1,468 | 1,638 | ||
Phillips 66 | 5.875% | 5/1/42 | 2,877 | 3,648 | ||
Phillips 66 | 4.875% | 11/15/44 | 3,990 | 4,543 | ||
Phillips 66 | 3.300% | 3/15/52 | 2,850 | 2,547 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Phillips 66 Partners LP | 4.680% | 2/15/45 | 757 | 816 | ||
Phillips 66 Partners LP | 4.900% | 10/1/46 | 1,695 | 1,882 | ||
Plains All American Pipeline LP | 6.650% | 1/15/37 | 1,279 | 1,511 | ||
Plains All American Pipeline LP | 5.150% | 6/1/42 | 1,671 | 1,671 | ||
Plains All American Pipeline LP | 4.300% | 1/31/43 | 1,092 | 993 | ||
Plains All American Pipeline LP | 4.700% | 6/15/44 | 1,150 | 1,094 | ||
Plains All American Pipeline LP | 4.900% | 2/15/45 | 1,217 | 1,180 | ||
Shell International Finance BV | 4.125% | 5/11/35 | 5,066 | 5,556 | ||
Shell International Finance BV | 6.375% | 12/15/38 | 3,177 | 4,317 | ||
Shell International Finance BV | 5.500% | 3/25/40 | 3,114 | 3,925 | ||
Shell International Finance BV | 2.875% | 11/26/41 | 1,325 | 1,219 | ||
Shell International Finance BV | 3.625% | 8/21/42 | 3,350 | 3,379 | ||
Shell International Finance BV | 4.550% | 8/12/43 | 3,145 | 3,588 | ||
Shell International Finance BV | 4.375% | 5/11/45 | 7,536 | 8,329 | ||
Shell International Finance BV | 4.000% | 5/10/46 | 4,692 | 4,974 | ||
Shell International Finance BV | 3.750% | 9/12/46 | 429 | 440 | ||
Shell International Finance BV | 3.125% | 11/7/49 | 1,982 | 1,839 | ||
Shell International Finance BV | 3.250% | 4/6/50 | 3,805 | 3,653 | ||
Shell International Finance BV | 3.000% | 11/26/51 | 2,095 | 1,908 | ||
Spectra Energy Partners LP | 5.950% | 9/25/43 | 1,787 | 2,244 | ||
Spectra Energy Partners LP | 4.500% | 3/15/45 | 1,518 | 1,579 | ||
Suncor Energy Inc. | 5.350% | 7/15/33 | 428 | 485 | ||
Suncor Energy Inc. | 5.950% | 12/1/34 | 2,196 | 2,609 | ||
Suncor Energy Inc. | 5.950% | 5/15/35 | 1,421 | 1,714 | ||
Suncor Energy Inc. | 6.800% | 5/15/38 | 1,059 | 1,379 | ||
Suncor Energy Inc. | 6.500% | 6/15/38 | 1,699 | 2,148 | ||
Suncor Energy Inc. | 6.850% | 6/1/39 | 849 | 1,118 | ||
Suncor Energy Inc. | 4.000% | 11/15/47 | 2,425 | 2,444 | ||
Suncor Energy Inc. | 3.750% | 3/4/51 | 1,360 | 1,304 | ||
Texas Eastern Transmission LP | 7.000% | 7/15/32 | 397 | 514 | ||
TotalEnergies Capital International SA | 2.986% | 6/29/41 | 1,334 | 1,234 | ||
TotalEnergies Capital International SA | 3.461% | 7/12/49 | 1,030 | 1,001 | ||
TotalEnergies Capital International SA | 3.127% | 5/29/50 | 7,911 | 7,311 | ||
TotalEnergies Capital International SA | 3.386% | 6/29/60 | 665 | 619 | ||
TransCanada PipeLines Ltd. | 4.625% | 3/1/34 | 1,815 | 1,986 | ||
TransCanada PipeLines Ltd. | 5.600% | 3/31/34 | 1,411 | 1,656 | ||
TransCanada PipeLines Ltd. | 5.850% | 3/15/36 | 2,195 | 2,662 | ||
TransCanada PipeLines Ltd. | 6.200% | 10/15/37 | 2,525 | 3,190 | ||
TransCanada PipeLines Ltd. | 4.750% | 5/15/38 | 880 | 963 | ||
TransCanada PipeLines Ltd. | 7.250% | 8/15/38 | 1,791 | 2,473 | ||
TransCanada PipeLines Ltd. | 7.625% | 1/15/39 | 1,305 | 1,863 | ||
TransCanada PipeLines Ltd. | 6.100% | 6/1/40 | 1,596 | 2,018 | ||
TransCanada PipeLines Ltd. | 5.000% | 10/16/43 | 2,098 | 2,376 | ||
TransCanada PipeLines Ltd. | 4.875% | 5/15/48 | 3,105 | 3,516 | ||
TransCanada PipeLines Ltd. | 5.100% | 3/15/49 | 890 | 1,046 | ||
Transcontinental Gas Pipe Line Co. LLC | 5.400% | 8/15/41 | 1,355 | 1,580 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.450% | 8/1/42 | 900 | 953 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.600% | 3/15/48 | 2,194 | 2,390 | ||
Transcontinental Gas Pipe Line Co. LLC | 3.950% | 5/15/50 | 1,943 | 1,935 | ||
Valero Energy Corp. | 7.500% | 4/15/32 | 1,598 | 2,083 | ||
Valero Energy Corp. | 6.625% | 6/15/37 | 2,952 | 3,750 | ||
Valero Energy Corp. | 4.900% | 3/15/45 | 680 | 735 | ||
Valero Energy Corp. | 3.650% | 12/1/51 | 2,050 | 1,843 | ||
Valero Energy Corp. | 4.000% | 6/1/52 | 1,400 | 1,336 | ||
Williams Cos. Inc. | 8.750% | 3/15/32 | 836 | 1,176 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Williams Cos. Inc. | 6.300% | 4/15/40 | 1,348 | 1,665 | ||
Williams Cos. Inc. | 5.800% | 11/15/43 | 628 | 743 | ||
Williams Cos. Inc. | 5.400% | 3/4/44 | 566 | 636 | ||
Williams Cos. Inc. | 5.750% | 6/24/44 | 1,272 | 1,499 | ||
Williams Cos. Inc. | 4.900% | 1/15/45 | 2,376 | 2,559 | ||
Williams Cos. Inc. | 5.100% | 9/15/45 | 1,107 | 1,225 | ||
Williams Cos. Inc. | 4.850% | 3/1/48 | 2,112 | 2,296 | ||
Williams Cos. Inc. | 3.500% | 10/15/51 | 1,491 | 1,330 | ||
472,710 | ||||||
Financials (14.8%) | ||||||
AerCap Ireland Capital DAC | 3.400% | 10/29/33 | 5,101 | 4,813 | ||
AerCap Ireland Capital DAC | 3.850% | 10/29/41 | 2,575 | 2,368 | ||
Aflac Inc. | 4.000% | 10/15/46 | 1,403 | 1,488 | ||
Aflac Inc. | 4.750% | 1/15/49 | 1,739 | 2,081 | ||
Alleghany Corp. | 4.900% | 9/15/44 | 682 | 754 | ||
Alleghany Corp. | 3.250% | 8/15/51 | 810 | 694 | ||
Allstate Corp. | 5.350% | 6/1/33 | 879 | 1,059 | ||
Allstate Corp. | 5.550% | 5/9/35 | 711 | 871 | ||
Allstate Corp. | 4.500% | 6/15/43 | 1,193 | 1,347 | ||
Allstate Corp. | 4.200% | 12/15/46 | 1,490 | 1,636 | ||
Allstate Corp. | 3.850% | 8/10/49 | 2,860 | 3,001 | ||
1 | Allstate Corp. | 6.500% | 5/15/57 | 670 | 837 | |
American Express Co. | 4.050% | 12/3/42 | 3,127 | 3,434 | ||
American Financial Group Inc. | 4.500% | 6/15/47 | 433 | 465 | ||
American International Group Inc. | 3.875% | 1/15/35 | 1,147 | 1,200 | ||
American International Group Inc. | 4.700% | 7/10/35 | 2,905 | 3,279 | ||
American International Group Inc. | 6.250% | 5/1/36 | 1,615 | 2,101 | ||
American International Group Inc. | 4.500% | 7/16/44 | 3,767 | 4,177 | ||
American International Group Inc. | 4.800% | 7/10/45 | 478 | 551 | ||
American International Group Inc. | 4.750% | 4/1/48 | 610 | 707 | ||
American International Group Inc. | 4.375% | 6/30/50 | 1,805 | 2,008 | ||
American International Group Inc. | 4.375% | 1/15/55 | 4,090 | 4,452 | ||
Aon Corp. | 6.250% | 9/30/40 | 844 | 1,119 | ||
Aon Corp. | 2.900% | 8/23/51 | 1,500 | 1,288 | ||
Aon Corp. | 3.900% | 2/28/52 | 750 | 754 | ||
Aon plc | 4.600% | 6/14/44 | 453 | 498 | ||
Aon plc | 4.750% | 5/15/45 | 2,000 | 2,224 | ||
Arch Capital Finance LLC | 5.031% | 12/15/46 | 693 | 807 | ||
Arch Capital Group Ltd. | 7.350% | 5/1/34 | 767 | 1,051 | ||
Arch Capital Group Ltd. | 3.635% | 6/30/50 | 2,208 | 2,115 | ||
Arch Capital Group US Inc. | 5.144% | 11/1/43 | 1,160 | 1,376 | ||
Arthur J Gallagher & Co. | 3.500% | 5/20/51 | 1,895 | 1,774 | ||
Arthur J Gallagher & Co. | 3.050% | 3/9/52 | 530 | 451 | ||
Assured Guaranty US Holdings Inc. | 3.600% | 9/15/51 | 755 | 687 | ||
Athene Holding Ltd. | 3.950% | 5/25/51 | 2,087 | 1,995 | ||
Athene Holding Ltd. | 3.450% | 5/15/52 | 1,400 | 1,224 | ||
Bank of America Corp. | 6.110% | 1/29/37 | 4,452 | 5,601 | ||
1 | Bank of America Corp. | 4.244% | 4/24/38 | 2,906 | 3,172 | |
Bank of America Corp. | 7.750% | 5/14/38 | 3,238 | 4,699 | ||
1 | Bank of America Corp. | 4.078% | 4/23/40 | 3,997 | 4,233 | |
1 | Bank of America Corp. | 2.676% | 6/19/41 | 8,547 | 7,507 | |
1 | Bank of America Corp. | 5.875% | 2/7/42 | 2,709 | 3,516 | |
Bank of America Corp. | 3.311% | 4/22/42 | 7,445 | 7,143 | ||
1 | Bank of America Corp. | 5.000% | 1/21/44 | 6,589 | 7,754 | |
1 | Bank of America Corp. | 4.875% | 4/1/44 | 902 | 1,048 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Bank of America Corp. | 4.750% | 4/21/45 | 1,021 | 1,150 | |
1 | Bank of America Corp. | 4.443% | 1/20/48 | 6,735 | 7,541 | |
1 | Bank of America Corp. | 3.946% | 1/23/49 | 3,394 | 3,546 | |
1 | Bank of America Corp. | 4.330% | 3/15/50 | 5,305 | 5,887 | |
1 | Bank of America Corp. | 4.083% | 3/20/51 | 13,172 | 14,161 | |
1 | Bank of America Corp. | 2.831% | 10/24/51 | 1,590 | 1,386 | |
1 | Bank of America Corp. | 3.483% | 3/13/52 | 2,200 | 2,144 | |
Bank of America Corp. | 2.972% | 7/21/52 | 4,033 | 3,590 | ||
1 | Bank of America NA | 6.000% | 10/15/36 | 2,744 | 3,493 | |
Barclays plc | 3.811% | 3/10/42 | 1,260 | 1,177 | ||
Barclays plc | 3.330% | 11/24/42 | 1,495 | 1,365 | ||
Barclays plc | 5.250% | 8/17/45 | 2,456 | 2,881 | ||
Barclays plc | 4.950% | 1/10/47 | 4,097 | 4,628 | ||
Berkshire Hathaway Finance Corp. | 5.750% | 1/15/40 | 1,339 | 1,752 | ||
Berkshire Hathaway Finance Corp. | 4.400% | 5/15/42 | 3,349 | 3,738 | ||
Berkshire Hathaway Finance Corp. | 4.300% | 5/15/43 | 2,625 | 2,909 | ||
Berkshire Hathaway Finance Corp. | 4.200% | 8/15/48 | 5,459 | 6,028 | ||
Berkshire Hathaway Finance Corp. | 4.250% | 1/15/49 | 3,239 | 3,606 | ||
Berkshire Hathaway Finance Corp. | 2.850% | 10/15/50 | 2,667 | 2,343 | ||
Berkshire Hathaway Finance Corp. | 2.500% | 1/15/51 | 1,185 | 984 | ||
Berkshire Hathaway Inc. | 4.500% | 2/11/43 | 1,330 | 1,523 | ||
Brighthouse Financial Inc. | 4.700% | 6/22/47 | 1,798 | 1,797 | ||
Brighthouse Financial Inc. | 3.850% | 12/22/51 | 1,200 | 1,048 | ||
Brookfield Finance Inc. | 4.700% | 9/20/47 | 1,714 | 1,876 | ||
Brookfield Finance Inc. | 3.500% | 3/30/51 | 1,625 | 1,486 | ||
Brookfield Finance Inc. | 3.625% | 2/15/52 | 1,025 | 950 | ||
Brookfield Finance LLC | 3.450% | 4/15/50 | 1,125 | 1,017 | ||
Chubb Corp. | 6.000% | 5/11/37 | 1,966 | 2,600 | ||
1 | Chubb Corp. | 6.500% | 5/15/38 | 850 | 1,175 | |
Chubb INA Holdings Inc. | 6.700% | 5/15/36 | 1,958 | 2,719 | ||
Chubb INA Holdings Inc. | 4.150% | 3/13/43 | 2,472 | 2,709 | ||
Chubb INA Holdings Inc. | 4.350% | 11/3/45 | 1,459 | 1,652 | ||
Chubb INA Holdings Inc. | 2.850% | 12/15/51 | 1,300 | 1,160 | ||
Chubb INA Holdings Inc. | 3.050% | 12/15/61 | 1,625 | 1,453 | ||
CI Financial Corp. | 4.100% | 6/15/51 | 2,045 | 1,946 | ||
Cincinnati Financial Corp. | 6.125% | 11/1/34 | 774 | 998 | ||
Citigroup Inc. | 6.625% | 6/15/32 | 3,460 | 4,338 | ||
Citigroup Inc. | 5.875% | 2/22/33 | 1,105 | 1,318 | ||
Citigroup Inc. | 6.000% | 10/31/33 | 2,253 | 2,740 | ||
Citigroup Inc. | 6.125% | 8/25/36 | 1,700 | 2,147 | ||
1 | Citigroup Inc. | 3.878% | 1/24/39 | 1,182 | 1,235 | |
Citigroup Inc. | 8.125% | 7/15/39 | 3,061 | 4,794 | ||
1 | Citigroup Inc. | 5.316% | 3/26/41 | 1,567 | 1,898 | |
Citigroup Inc. | 5.875% | 1/30/42 | 4,112 | 5,294 | ||
Citigroup Inc. | 2.904% | 11/3/42 | 1,885 | 1,700 | ||
Citigroup Inc. | 6.675% | 9/13/43 | 1,079 | 1,492 | ||
Citigroup Inc. | 5.300% | 5/6/44 | 1,265 | 1,489 | ||
Citigroup Inc. | 4.650% | 7/30/45 | 3,753 | 4,253 | ||
Citigroup Inc. | 4.750% | 5/18/46 | 4,640 | 5,169 | ||
1 | Citigroup Inc. | 4.281% | 4/24/48 | 2,573 | 2,834 | |
Citigroup Inc. | 4.650% | 7/23/48 | 3,813 | 4,452 | ||
Citizens Financial Group Inc. | 2.638% | 9/30/32 | 683 | 636 | ||
CME Group Inc. | 5.300% | 9/15/43 | 1,401 | 1,790 | ||
CME Group Inc. | 4.150% | 6/15/48 | 1,947 | 2,229 | ||
1 | Cooperatieve Rabobank UA | 5.250% | 5/24/41 | 4,289 | 5,540 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Cooperatieve Rabobank UA | 5.750% | 12/1/43 | 2,410 | 3,059 | ||
Cooperatieve Rabobank UA | 5.250% | 8/4/45 | 2,844 | 3,402 | ||
Credit Suisse Group AG | 4.875% | 5/15/45 | 4,469 | 4,918 | ||
Credit Suisse USA Inc. | 7.125% | 7/15/32 | 419 | 556 | ||
Equitable Holdings Inc. | 5.000% | 4/20/48 | 3,512 | 3,923 | ||
Everest Reinsurance Holdings Inc. | 4.868% | 6/1/44 | 1,268 | 1,464 | ||
Everest Reinsurance Holdings Inc. | 3.500% | 10/15/50 | 1,763 | 1,655 | ||
Everest Reinsurance Holdings Inc. | 3.125% | 10/15/52 | 2,020 | 1,766 | ||
Fidelity National Financial Inc. | 3.200% | 9/17/51 | 915 | 774 | ||
Fifth Third Bancorp | 8.250% | 3/1/38 | 2,111 | 3,204 | ||
1 | First Republic Bank | 4.375% | 8/1/46 | 1,425 | 1,606 | |
Franklin Resources Inc. | 2.950% | 8/12/51 | 710 | 614 | ||
GATX Corp. | 5.200% | 3/15/44 | 797 | 920 | ||
GATX Corp. | 3.100% | 6/1/51 | 880 | 762 | ||
GE Capital Funding LLC | 4.550% | 5/15/32 | 1,370 | 1,527 | ||
GE Capital International Funding Co. Unlimited Co. | 4.418% | 11/15/35 | 16,143 | 18,191 | ||
Global Payments Inc. | 4.150% | 8/15/49 | 2,425 | 2,392 | ||
Goldman Sachs Capital I | 6.345% | 2/15/34 | 1,311 | 1,639 | ||
Goldman Sachs Group Inc. | 6.125% | 2/15/33 | 2,833 | 3,512 | ||
Goldman Sachs Group Inc. | 6.450% | 5/1/36 | 1,715 | 2,186 | ||
Goldman Sachs Group Inc. | 6.750% | 10/1/37 | 13,306 | 17,479 | ||
1 | Goldman Sachs Group Inc. | 4.017% | 10/31/38 | 8,218 | 8,661 | |
1 | Goldman Sachs Group Inc. | 4.411% | 4/23/39 | 3,473 | 3,758 | |
Goldman Sachs Group Inc. | 6.250% | 2/1/41 | 3,679 | 4,832 | ||
Goldman Sachs Group Inc. | 3.210% | 4/22/42 | 5,772 | 5,377 | ||
Goldman Sachs Group Inc. | 2.908% | 7/21/42 | 505 | 451 | ||
Goldman Sachs Group Inc. | 3.436% | 2/24/43 | 5,060 | 4,864 | ||
1 | Goldman Sachs Group Inc. | 4.800% | 7/8/44 | 5,888 | 6,753 | |
Goldman Sachs Group Inc. | 5.150% | 5/22/45 | 4,446 | 5,218 | ||
Goldman Sachs Group Inc. | 4.750% | 10/21/45 | 1,696 | 1,935 | ||
Hartford Financial Services Group Inc. | 5.950% | 10/15/36 | 619 | 781 | ||
Hartford Financial Services Group Inc. | 6.100% | 10/1/41 | 971 | 1,282 | ||
Hartford Financial Services Group Inc. | 4.300% | 4/15/43 | 1,198 | 1,261 | ||
Hartford Financial Services Group Inc. | 4.400% | 3/15/48 | 773 | 860 | ||
Hartford Financial Services Group Inc. | 3.600% | 8/19/49 | 1,493 | 1,456 | ||
Hartford Financial Services Group Inc. | 2.900% | 9/15/51 | 1,330 | 1,125 | ||
1 | HSBC Bank USA NA | 5.875% | 11/1/34 | 665 | 798 | |
1 | HSBC Bank USA NA | 5.625% | 8/15/35 | 865 | 1,022 | |
1 | HSBC Bank USA NA | 7.000% | 1/15/39 | 1,651 | 2,363 | |
1 | HSBC Holdings plc | 7.625% | 5/17/32 | 796 | 1,039 | |
HSBC Holdings plc | 6.500% | 5/2/36 | 4,989 | 6,283 | ||
HSBC Holdings plc | 6.500% | 9/15/37 | 5,965 | 7,611 | ||
HSBC Holdings plc | 6.800% | 6/1/38 | 3,311 | 4,329 | ||
HSBC Holdings plc | 6.100% | 1/14/42 | 1,481 | 1,955 | ||
HSBC Holdings plc | 5.250% | 3/14/44 | 2,968 | 3,410 | ||
Intercontinental Exchange Inc. | 1.850% | 9/15/32 | 2,190 | 1,958 | ||
Intercontinental Exchange Inc. | 2.650% | 9/15/40 | 2,800 | 2,485 | ||
Intercontinental Exchange Inc. | 4.250% | 9/21/48 | 4,001 | 4,426 | ||
Intercontinental Exchange Inc. | 3.000% | 6/15/50 | 2,841 | 2,533 | ||
Intercontinental Exchange Inc. | 3.000% | 9/15/60 | 1,000 | 857 | ||
Invesco Finance plc | 5.375% | 11/30/43 | 783 | 934 | ||
2 | Jackson Financial Inc. | 4.000% | 11/23/51 | 300 | 271 | |
Jefferies Group LLC | 2.750% | 10/15/32 | 1,545 | 1,428 | ||
Jefferies Group LLC | 6.250% | 1/15/36 | 1,089 | 1,340 | ||
Jefferies Group LLC | 6.500% | 1/20/43 | 534 | 673 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
JPMorgan Chase & Co. | 1.953% | 2/4/32 | 85 | 78 | ||
JPMorgan Chase & Co. | 6.400% | 5/15/38 | 5,567 | 7,468 | ||
1 | JPMorgan Chase & Co. | 3.882% | 7/24/38 | 5,074 | 5,376 | |
JPMorgan Chase & Co. | 5.500% | 10/15/40 | 4,230 | 5,258 | ||
1 | JPMorgan Chase & Co. | 3.109% | 4/22/41 | 3,373 | 3,192 | |
JPMorgan Chase & Co. | 5.600% | 7/15/41 | 2,852 | 3,594 | ||
JPMorgan Chase & Co. | 2.525% | 11/19/41 | 1,195 | 1,033 | ||
JPMorgan Chase & Co. | 5.400% | 1/6/42 | 2,967 | 3,678 | ||
JPMorgan Chase & Co. | 3.157% | 4/22/42 | 3,448 | 3,262 | ||
JPMorgan Chase & Co. | 5.625% | 8/16/43 | 3,214 | 4,047 | ||
JPMorgan Chase & Co. | 4.850% | 2/1/44 | 3,676 | 4,360 | ||
JPMorgan Chase & Co. | 4.950% | 6/1/45 | 1,651 | 1,937 | ||
1 | JPMorgan Chase & Co. | 4.260% | 2/22/48 | 5,526 | 6,050 | |
1 | JPMorgan Chase & Co. | 4.032% | 7/24/48 | 4,151 | 4,423 | |
1 | JPMorgan Chase & Co. | 3.964% | 11/15/48 | 7,803 | 8,276 | |
1 | JPMorgan Chase & Co. | 3.897% | 1/23/49 | 4,468 | 4,655 | |
1 | JPMorgan Chase & Co. | 3.109% | 4/22/51 | 5,585 | 5,174 | |
JPMorgan Chase & Co. | 3.328% | 4/22/52 | 7,395 | 7,124 | ||
Legg Mason Inc. | 5.625% | 1/15/44 | 1,208 | 1,506 | ||
Lincoln National Corp. | 6.300% | 10/9/37 | 1,289 | 1,686 | ||
Lincoln National Corp. | 7.000% | 6/15/40 | 1,348 | 1,880 | ||
Lincoln National Corp. | 4.350% | 3/1/48 | 906 | 986 | ||
Lloyds Banking Group plc | 5.300% | 12/1/45 | 860 | 992 | ||
Lloyds Banking Group plc | 4.344% | 1/9/48 | 4,457 | 4,554 | ||
Loews Corp. | 4.125% | 5/15/43 | 2,031 | 2,145 | ||
Manulife Financial Corp. | 5.375% | 3/4/46 | 475 | 605 | ||
Markel Corp. | 5.000% | 4/5/46 | 610 | 711 | ||
Markel Corp. | 4.300% | 11/1/47 | 865 | 925 | ||
Markel Corp. | 5.000% | 5/20/49 | 1,258 | 1,465 | ||
Markel Corp. | 4.150% | 9/17/50 | 1,662 | 1,739 | ||
Markel Corp. | 3.450% | 5/7/52 | 990 | 923 | ||
Marsh & McLennan Cos. Inc. | 5.875% | 8/1/33 | 1,548 | 1,925 | ||
Marsh & McLennan Cos. Inc. | 4.750% | 3/15/39 | 1,946 | 2,245 | ||
Marsh & McLennan Cos. Inc. | 4.350% | 1/30/47 | 1,918 | 2,137 | ||
Marsh & McLennan Cos. Inc. | 4.200% | 3/1/48 | 160 | 172 | ||
Marsh & McLennan Cos. Inc. | 4.900% | 3/15/49 | 1,749 | 2,096 | ||
Marsh & McLennan Cos. Inc. | 2.900% | 12/15/51 | 945 | 831 | ||
Mastercard Inc. | 3.800% | 11/21/46 | 1,904 | 2,038 | ||
Mastercard Inc. | 3.950% | 2/26/48 | 2,475 | 2,708 | ||
Mastercard Inc. | 3.650% | 6/1/49 | 744 | 786 | ||
Mastercard Inc. | 3.850% | 3/26/50 | 3,481 | 3,780 | ||
Mastercard Inc. | 2.950% | 3/15/51 | 2,215 | 2,103 | ||
MetLife Inc. | 6.500% | 12/15/32 | 1,479 | 1,941 | ||
MetLife Inc. | 6.375% | 6/15/34 | 930 | 1,220 | ||
MetLife Inc. | 5.700% | 6/15/35 | 2,616 | 3,283 | ||
1 | MetLife Inc. | 6.400% | 12/15/36 | 813 | 919 | |
1 | MetLife Inc. | 10.750% | 8/1/39 | 526 | 818 | |
MetLife Inc. | 5.875% | 2/6/41 | 3,446 | 4,488 | ||
MetLife Inc. | 4.125% | 8/13/42 | 1,998 | 2,144 | ||
MetLife Inc. | 4.875% | 11/13/43 | 2,093 | 2,496 | ||
MetLife Inc. | 4.721% | 12/15/44 | 1,517 | 1,764 | ||
MetLife Inc. | 4.050% | 3/1/45 | 2,311 | 2,514 | ||
MetLife Inc. | 4.600% | 5/13/46 | 920 | 1,084 | ||
Mitsubishi UFJ Financial Group Inc. | 4.286% | 7/26/38 | 1,273 | 1,414 | ||
Mitsubishi UFJ Financial Group Inc. | 4.153% | 3/7/39 | 1,444 | 1,584 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Mitsubishi UFJ Financial Group Inc. | 3.751% | 7/18/39 | 3,445 | 3,599 | ||
Morgan Stanley | 7.250% | 4/1/32 | 1,645 | 2,204 | ||
1 | Morgan Stanley | 3.971% | 7/22/38 | 5,884 | 6,190 | |
1 | Morgan Stanley | 4.457% | 4/22/39 | 2,648 | 2,904 | |
Morgan Stanley | 3.217% | 4/22/42 | 6,953 | 6,632 | ||
Morgan Stanley | 6.375% | 7/24/42 | 2,459 | 3,354 | ||
Morgan Stanley | 4.300% | 1/27/45 | 4,319 | 4,700 | ||
Morgan Stanley | 4.375% | 1/22/47 | 7,031 | 7,810 | ||
1 | Morgan Stanley | 5.597% | 3/24/51 | 2,943 | 3,927 | |
1 | Morgan Stanley | 2.802% | 1/25/52 | 3,919 | 3,423 | |
Nasdaq Inc. | 2.500% | 12/21/40 | 1,083 | 911 | ||
Nasdaq Inc. | 3.250% | 4/28/50 | 1,345 | 1,219 | ||
1 | Nationwide Financial Services Inc. | 6.750% | 5/15/37 | 826 | 943 | |
Old Republic International Corp. | 3.850% | 6/11/51 | 1,425 | 1,344 | ||
PayPal Holdings Inc. | 3.250% | 6/1/50 | 1,425 | 1,335 | ||
Principal Financial Group Inc. | 6.050% | 10/15/36 | 365 | 482 | ||
Principal Financial Group Inc. | 4.625% | 9/15/42 | 947 | 1,082 | ||
Principal Financial Group Inc. | 4.350% | 5/15/43 | 979 | 1,080 | ||
Principal Financial Group Inc. | 4.300% | 11/15/46 | 1,025 | 1,143 | ||
Progressive Corp. | 6.625% | 3/1/29 | 1 | 1 | ||
Progressive Corp. | 6.250% | 12/1/32 | 1,149 | 1,492 | ||
Progressive Corp. | 4.350% | 4/25/44 | 1,990 | 2,232 | ||
Progressive Corp. | 3.700% | 1/26/45 | 1,560 | 1,599 | ||
Progressive Corp. | 4.125% | 4/15/47 | 1,499 | 1,638 | ||
Progressive Corp. | 4.200% | 3/15/48 | 1,483 | 1,633 | ||
Progressive Corp. | 3.950% | 3/26/50 | 1,350 | 1,444 | ||
1 | Prudential Financial Inc. | 5.700% | 12/14/36 | 725 | 921 | |
1 | Prudential Financial Inc. | 6.625% | 12/1/37 | 866 | 1,175 | |
1 | Prudential Financial Inc. | 3.000% | 3/10/40 | 625 | 587 | |
1 | Prudential Financial Inc. | 6.625% | 6/21/40 | 860 | 1,174 | |
1 | Prudential Financial Inc. | 6.200% | 11/15/40 | 545 | 708 | |
1 | Prudential Financial Inc. | 5.100% | 8/15/43 | 516 | 576 | |
1 | Prudential Financial Inc. | 4.600% | 5/15/44 | 1,783 | 2,028 | |
Prudential Financial Inc. | 3.905% | 12/7/47 | 2,850 | 2,971 | ||
1 | Prudential Financial Inc. | 4.418% | 3/27/48 | 2,662 | 2,983 | |
Prudential Financial Inc. | 3.935% | 12/7/49 | 2,791 | 2,932 | ||
1 | Prudential Financial Inc. | 4.350% | 2/25/50 | 1,630 | 1,837 | |
1 | Prudential Financial Inc. | 3.700% | 3/13/51 | 990 | 1,002 | |
Raymond James Financial Inc. | 4.950% | 7/15/46 | 2,027 | 2,332 | ||
Raymond James Financial Inc. | 3.750% | 4/1/51 | 1,023 | 1,018 | ||
1 | Regions Bank | 6.450% | 6/26/37 | 1,110 | 1,453 | |
Regions Financial Corp. | 7.375% | 12/10/37 | 600 | 839 | ||
Selective Insurance Group Inc. | 5.375% | 3/1/49 | 685 | 784 | ||
Sumitomo Mitsui Financial Group Inc. | 2.296% | 1/12/41 | 1,265 | 1,070 | ||
Sumitomo Mitsui Financial Group Inc. | 2.930% | 9/17/41 | 1,470 | 1,324 | ||
Transatlantic Holdings Inc. | 8.000% | 11/30/39 | 828 | 1,228 | ||
Travelers Cos. Inc. | 6.750% | 6/20/36 | 1,440 | 1,991 | ||
1 | Travelers Cos. Inc. | 6.250% | 6/15/37 | 590 | 791 | |
Travelers Cos. Inc. | 5.350% | 11/1/40 | 1,392 | 1,751 | ||
Travelers Cos. Inc. | 4.300% | 8/25/45 | 2,118 | 2,388 | ||
Travelers Cos. Inc. | 3.750% | 5/15/46 | 484 | 502 | ||
Travelers Cos. Inc. | 4.000% | 5/30/47 | 1,066 | 1,147 | ||
Travelers Cos. Inc. | 4.050% | 3/7/48 | 1,716 | 1,865 | ||
Travelers Cos. Inc. | 4.100% | 3/4/49 | 830 | 914 | ||
Travelers Cos. Inc. | 2.550% | 4/27/50 | 960 | 821 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Travelers Cos. Inc. | 3.050% | 6/8/51 | 2,390 | 2,228 | ||
Travelers Property Casualty Corp. | 6.375% | 3/15/33 | 318 | 417 | ||
Unum Group | 5.750% | 8/15/42 | 1,034 | 1,152 | ||
Unum Group | 4.500% | 12/15/49 | 1,603 | 1,547 | ||
Unum Group | 4.125% | 6/15/51 | 841 | 763 | ||
Visa Inc. | 4.150% | 12/14/35 | 4,227 | 4,741 | ||
Visa Inc. | 2.700% | 4/15/40 | 1,310 | 1,232 | ||
Visa Inc. | 4.300% | 12/14/45 | 7,394 | 8,562 | ||
Visa Inc. | 3.650% | 9/15/47 | 1,720 | 1,823 | ||
Visa Inc. | 2.000% | 8/15/50 | 3,009 | 2,397 | ||
Voya Financial Inc. | 5.700% | 7/15/43 | 592 | 745 | ||
Voya Financial Inc. | 4.800% | 6/15/46 | 987 | 1,143 | ||
W R Berkley Corp. | 4.750% | 8/1/44 | 1,511 | 1,716 | ||
W R Berkley Corp. | 4.000% | 5/12/50 | 540 | 550 | ||
W R Berkley Corp. | 3.150% | 9/30/61 | 1,325 | 1,100 | ||
Wachovia Corp. | 7.500% | 4/15/35 | 515 | 694 | ||
Wachovia Corp. | 5.500% | 8/1/35 | 1,468 | 1,736 | ||
1 | Wells Fargo & Co. | 3.068% | 4/30/41 | 9,811 | 9,152 | |
Wells Fargo & Co. | 5.375% | 11/2/43 | 4,939 | 5,902 | ||
Wells Fargo & Co. | 5.606% | 1/15/44 | 6,880 | 8,432 | ||
1 | Wells Fargo & Co. | 4.650% | 11/4/44 | 5,109 | 5,596 | |
Wells Fargo & Co. | 3.900% | 5/1/45 | 3,960 | 4,108 | ||
1 | Wells Fargo & Co. | 4.900% | 11/17/45 | 5,769 | 6,543 | |
1 | Wells Fargo & Co. | 4.400% | 6/14/46 | 3,392 | 3,636 | |
1 | Wells Fargo & Co. | 4.750% | 12/7/46 | 2,603 | 2,928 | |
1 | Wells Fargo & Co. | 5.013% | 4/4/51 | 9,083 | 11,199 | |
Wells Fargo Bank NA | 5.950% | 8/26/36 | 1,402 | 1,768 | ||
1 | Wells Fargo Bank NA | 5.850% | 2/1/37 | 1,403 | 1,737 | |
1 | Wells Fargo Bank NA | 6.600% | 1/15/38 | 3,793 | 5,140 | |
Western Union Co. | 6.200% | 11/17/36 | 1,487 | 1,681 | ||
Westpac Banking Corp. | 4.421% | 7/24/39 | 2,826 | 3,053 | ||
Westpac Banking Corp. | 2.963% | 11/16/40 | 1,433 | 1,261 | ||
Westpac Banking Corp. | 3.133% | 11/18/41 | 2,750 | 2,473 | ||
Willis North America Inc. | 5.050% | 9/15/48 | 1,354 | 1,549 | ||
Willis North America Inc. | 3.875% | 9/15/49 | 1,762 | 1,724 | ||
XLIT Ltd. | 5.250% | 12/15/43 | 512 | 656 | ||
XLIT Ltd. | 5.500% | 3/31/45 | 1,035 | 1,286 | ||
794,398 | ||||||
Health Care (14.5%) | ||||||
Abbott Laboratories | 4.750% | 11/30/36 | 3,670 | 4,372 | ||
Abbott Laboratories | 6.150% | 11/30/37 | 1,362 | 1,861 | ||
Abbott Laboratories | 6.000% | 4/1/39 | 1,090 | 1,455 | ||
Abbott Laboratories | 5.300% | 5/27/40 | 1,828 | 2,288 | ||
Abbott Laboratories | 4.750% | 4/15/43 | 1,308 | 1,551 | ||
Abbott Laboratories | 4.900% | 11/30/46 | 6,178 | 7,633 | ||
AbbVie Inc. | 4.550% | 3/15/35 | 2,601 | 2,886 | ||
AbbVie Inc. | 4.500% | 5/14/35 | 5,090 | 5,647 | ||
AbbVie Inc. | 4.300% | 5/14/36 | 4,814 | 5,244 | ||
AbbVie Inc. | 4.050% | 11/21/39 | 7,156 | 7,513 | ||
AbbVie Inc. | 4.625% | 10/1/42 | 2,925 | 3,204 | ||
AbbVie Inc. | 4.400% | 11/6/42 | 4,281 | 4,625 | ||
AbbVie Inc. | 4.850% | 6/15/44 | 1,760 | 1,990 | ||
AbbVie Inc. | 4.750% | 3/15/45 | 2,322 | 2,582 | ||
AbbVie Inc. | 4.700% | 5/14/45 | 4,645 | 5,162 | ||
AbbVie Inc. | 4.450% | 5/14/46 | 5,822 | 6,284 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
AbbVie Inc. | 4.875% | 11/14/48 | 4,230 | 4,868 | ||
AbbVie Inc. | 4.250% | 11/21/49 | 11,279 | 11,987 | ||
Adventist Health System | 3.630% | 3/1/49 | 955 | 988 | ||
Advocate Health & Hospitals Corp. | 4.272% | 8/15/48 | ��544 | 619 | ||
Advocate Health & Hospitals Corp. | 3.387% | 10/15/49 | 740 | 735 | ||
1 | Advocate Health & Hospitals Corp. | 3.008% | 6/15/50 | 1,963 | 1,853 | |
Aetna Inc. | 6.625% | 6/15/36 | 899 | 1,197 | ||
Aetna Inc. | 6.750% | 12/15/37 | 522 | 707 | ||
Aetna Inc. | 4.500% | 5/15/42 | 625 | 671 | ||
Aetna Inc. | 4.125% | 11/15/42 | 2,407 | 2,468 | ||
Aetna Inc. | 4.750% | 3/15/44 | 1,763 | 1,965 | ||
Aetna Inc. | 3.875% | 8/15/47 | 646 | 651 | ||
AHS Hospital Corp. | 5.024% | 7/1/45 | 948 | 1,169 | ||
1 | AHS Hospital Corp. | 2.780% | 7/1/51 | 1,230 | 1,058 | |
1 | Allina Health System | 3.887% | 4/15/49 | 617 | 657 | |
1 | Allina Health System | 2.902% | 11/15/51 | 400 | 358 | |
AmerisourceBergen Corp. | 4.250% | 3/1/45 | 1,675 | 1,734 | ||
AmerisourceBergen Corp. | 4.300% | 12/15/47 | 1,021 | 1,072 | ||
Amgen Inc. | 6.400% | 2/1/39 | 985 | 1,332 | ||
Amgen Inc. | 3.150% | 2/21/40 | 3,895 | 3,625 | ||
Amgen Inc. | 5.750% | 3/15/40 | 344 | 428 | ||
Amgen Inc. | 2.800% | 8/15/41 | 3,048 | 2,676 | ||
Amgen Inc. | 4.950% | 10/1/41 | 2,281 | 2,620 | ||
Amgen Inc. | 5.150% | 11/15/41 | 712 | 827 | ||
Amgen Inc. | 5.650% | 6/15/42 | 870 | 1,082 | ||
Amgen Inc. | 4.400% | 5/1/45 | 4,545 | 4,857 | ||
Amgen Inc. | 4.563% | 6/15/48 | 3,351 | 3,675 | ||
Amgen Inc. | 3.375% | 2/21/50 | 4,968 | 4,557 | ||
Amgen Inc. | 4.663% | 6/15/51 | 7,642 | 8,573 | ||
Amgen Inc. | 3.000% | 1/15/52 | 2,640 | 2,263 | ||
Amgen Inc. | 4.200% | 2/22/52 | 2,000 | 2,097 | ||
Amgen Inc. | 2.770% | 9/1/53 | 2,737 | 2,224 | ||
Amgen Inc. | 4.400% | 2/22/62 | 3,200 | 3,371 | ||
Anthem Inc. | 5.950% | 12/15/34 | 686 | 860 | ||
Anthem Inc. | 5.850% | 1/15/36 | 1,115 | 1,400 | ||
Anthem Inc. | 4.625% | 5/15/42 | 1,622 | 1,820 | ||
Anthem Inc. | 4.650% | 1/15/43 | 3,061 | 3,439 | ||
Anthem Inc. | 5.100% | 1/15/44 | 2,063 | 2,453 | ||
Anthem Inc. | 4.650% | 8/15/44 | 2,701 | 3,037 | ||
Anthem Inc. | 4.375% | 12/1/47 | 735 | 808 | ||
Anthem Inc. | 4.550% | 3/1/48 | 1,900 | 2,143 | ||
Anthem Inc. | 3.700% | 9/15/49 | 2,182 | 2,171 | ||
Anthem Inc. | 3.125% | 5/15/50 | 2,111 | 1,920 | ||
Anthem Inc. | 3.600% | 3/15/51 | 2,920 | 2,874 | ||
1 | Ascension Health | 3.106% | 11/15/39 | 685 | 678 | |
Ascension Health | 3.945% | 11/15/46 | 782 | 867 | ||
1 | Ascension Health | 4.847% | 11/15/53 | 1,045 | 1,347 | |
AstraZeneca plc | 6.450% | 9/15/37 | 5,980 | 8,200 | ||
AstraZeneca plc | 4.000% | 9/18/42 | 2,125 | 2,307 | ||
AstraZeneca plc | 4.375% | 11/16/45 | 2,113 | 2,419 | ||
AstraZeneca plc | 4.375% | 8/17/48 | 1,634 | 1,889 | ||
AstraZeneca plc | 2.125% | 8/6/50 | 1,760 | 1,389 | ||
AstraZeneca plc | 3.000% | 5/28/51 | 1,665 | 1,562 | ||
Banner Health | 2.907% | 1/1/42 | 750 | 699 | ||
1 | Banner Health | 3.181% | 1/1/50 | 140 | 135 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Banner Health | 2.913% | 1/1/51 | 1,340 | 1,229 | ||
1 | Baptist Health South Florida Obligated Group | 3.115% | 11/15/71 | 675 | 591 | |
1 | Baptist Healthcare System Obligated Group | 3.540% | 8/15/50 | 1,046 | 1,039 | |
Baxalta Inc. | 5.250% | 6/23/45 | 1,465 | 1,746 | ||
Baxter International Inc. | 3.500% | 8/15/46 | 1,038 | 1,003 | ||
2 | Baxter International Inc. | 3.132% | 12/1/51 | 2,025 | 1,823 | |
1 | BayCare Health System Inc. | 3.831% | 11/15/50 | 1,363 | 1,490 | |
Baylor Scott & White Holdings | 4.185% | 11/15/45 | 1,441 | 1,597 | ||
Baylor Scott & White Holdings | 3.967% | 11/15/46 | 848 | 925 | ||
1 | Baylor Scott & White Holdings | 2.839% | 11/15/50 | 1,442 | 1,303 | |
Becton Dickinson & Co. | 4.685% | 12/15/44 | 404 | 451 | ||
Becton Dickinson & Co. | 4.669% | 6/6/47 | 4,745 | 5,322 | ||
Becton Dickinson & Co. | 3.794% | 5/20/50 | 1,710 | 1,709 | ||
1 | Beth Israel Lahey Health Inc. | 3.080% | 7/1/51 | 1,120 | 1,000 | |
1 | BHSH System Obligated Group | 3.487% | 7/15/49 | 860 | 859 | |
Biogen Inc. | 3.150% | 5/1/50 | 4,799 | 3,968 | ||
2 | Biogen Inc. | 3.250% | 2/15/51 | 2,035 | 1,712 | |
1 | Bon Secours Mercy Health Inc. | 3.205% | 6/1/50 | 860 | 799 | |
Boston Scientific Corp. | 6.750% | 11/15/35 | 425 | 564 | ||
Boston Scientific Corp. | 4.550% | 3/1/39 | 2,130 | 2,357 | ||
Boston Scientific Corp. | 4.700% | 3/1/49 | 2,735 | 3,117 | ||
3 | Bristol-Myers Squibb Co. | 2.950% | 3/15/32 | 4,000 | 4,058 | |
Bristol-Myers Squibb Co. | 4.125% | 6/15/39 | 3,491 | 3,828 | ||
Bristol-Myers Squibb Co. | 2.350% | 11/13/40 | 415 | 359 | ||
3 | Bristol-Myers Squibb Co. | 3.550% | 3/15/42 | 2,978 | 3,039 | |
Bristol-Myers Squibb Co. | 3.250% | 8/1/42 | 1,540 | 1,496 | ||
Bristol-Myers Squibb Co. | 4.500% | 3/1/44 | 1,995 | 2,311 | ||
Bristol-Myers Squibb Co. | 4.625% | 5/15/44 | 1,121 | 1,321 | ||
Bristol-Myers Squibb Co. | 5.000% | 8/15/45 | 4,332 | 5,360 | ||
Bristol-Myers Squibb Co. | 4.350% | 11/15/47 | 3,320 | 3,766 | ||
Bristol-Myers Squibb Co. | 4.550% | 2/20/48 | 3,788 | 4,406 | ||
Bristol-Myers Squibb Co. | 4.250% | 10/26/49 | 8,422 | 9,462 | ||
Bristol-Myers Squibb Co. | 2.550% | 11/13/50 | 455 | 386 | ||
3 | Bristol-Myers Squibb Co. | 3.700% | 3/15/52 | 4,250 | 4,382 | |
3 | Bristol-Myers Squibb Co. | 3.900% | 3/15/62 | 2,500 | 2,596 | |
Cardinal Health Inc. | 4.600% | 3/15/43 | 470 | 492 | ||
Cardinal Health Inc. | 4.500% | 11/15/44 | 769 | 792 | ||
Cardinal Health Inc. | 4.900% | 9/15/45 | 1,865 | 2,021 | ||
Cardinal Health Inc. | 4.368% | 6/15/47 | 696 | 715 | ||
1 | Catholic Health Services of Long Island Obligated Group | 3.368% | 7/1/50 | 1,090 | 1,017 | |
Children's Health System of Texas | 2.511% | 8/15/50 | 1,305 | 1,097 | ||
1 | Children's Hospital | 2.928% | 7/15/50 | 840 | 736 | |
1 | Children's Hospital Corp. | 4.115% | 1/1/47 | 825 | 936 | |
1 | Children's Hospital Corp. | 2.585% | 2/1/50 | 1,265 | 1,083 | |
Children's Hospital Medical Center | 4.268% | 5/15/44 | 790 | 883 | ||
1 | Children's Hospital of Philadelphia | 2.704% | 7/1/50 | 1,300 | 1,148 | |
Cigna Corp. | 4.800% | 8/15/38 | 3,874 | 4,322 | ||
Cigna Corp. | 3.200% | 3/15/40 | 608 | 562 | ||
1 | Cigna Corp. | 6.125% | 11/15/41 | 1,738 | 2,248 | |
1 | Cigna Corp. | 4.800% | 7/15/46 | 2,855 | 3,183 | |
1 | Cigna Corp. | 3.875% | 10/15/47 | 3,258 | 3,194 | |
Cigna Corp. | 4.900% | 12/15/48 | 5,733 | 6,511 | ||
Cigna Corp. | 3.400% | 3/15/50 | 3,015 | 2,758 | ||
Cigna Corp. | 3.400% | 3/15/51 | 1,202 | 1,096 | ||
1 | City of Hope | 5.623% | 11/15/43 | 567 | 732 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | City of Hope | 4.378% | 8/15/48 | 1,220 | 1,404 | |
1 | CommonSpirit Health | 4.350% | 11/1/42 | 2,107 | 2,202 | |
CommonSpirit Health | 3.817% | 10/1/49 | 1,665 | 1,699 | ||
CommonSpirit Health | 4.187% | 10/1/49 | 1,540 | 1,623 | ||
CommonSpirit Health | 3.910% | 10/1/50 | 910 | 918 | ||
1 | Community Health Network Inc. | 3.099% | 5/1/50 | 1,100 | 995 | |
1 | Cottage Health Obligated Group | 3.304% | 11/1/49 | 1,304 | 1,253 | |
CVS Health Corp. | 4.875% | 7/20/35 | 3,567 | 4,100 | ||
CVS Health Corp. | 4.780% | 3/25/38 | 9,301 | 10,414 | ||
CVS Health Corp. | 6.125% | 9/15/39 | 1,171 | 1,500 | ||
CVS Health Corp. | 4.125% | 4/1/40 | 2,931 | 3,044 | ||
CVS Health Corp. | 2.700% | 8/21/40 | 1,111 | 969 | ||
CVS Health Corp. | 5.300% | 12/5/43 | 2,840 | 3,380 | ||
CVS Health Corp. | 5.125% | 7/20/45 | 4,555 | 5,279 | ||
CVS Health Corp. | 5.050% | 3/25/48 | 18,307 | 21,382 | ||
CVS Health Corp. | 4.250% | 4/1/50 | 1,555 | 1,668 | ||
Danaher Corp. | 4.375% | 9/15/45 | 1,280 | 1,434 | ||
Danaher Corp. | 2.600% | 10/1/50 | 2,385 | 2,032 | ||
Danaher Corp. | 2.800% | 12/10/51 | 2,100 | 1,858 | ||
1 | Dartmouth-Hitchcock Health | 4.178% | 8/1/48 | 848 | 911 | |
DH Europe Finance II Sarl | 3.250% | 11/15/39 | 2,497 | 2,446 | ||
DH Europe Finance II Sarl | 3.400% | 11/15/49 | 1,235 | 1,208 | ||
Dignity Health | 4.500% | 11/1/42 | 960 | 1,053 | ||
Dignity Health | 5.267% | 11/1/64 | 649 | 808 | ||
1 | Duke University Health System Inc. | 3.920% | 6/1/47 | 1,533 | 1,681 | |
Eli Lilly & Co. | 3.950% | 5/15/47 | 400 | 449 | ||
Eli Lilly & Co. | 3.950% | 3/15/49 | 2,663 | 2,982 | ||
Eli Lilly & Co. | 2.250% | 5/15/50 | 3,075 | 2,553 | ||
Eli Lilly & Co. | 2.500% | 9/15/60 | 4,195 | 3,466 | ||
1 | Franciscan Missionaries of Our Lady Health System Inc. | 3.914% | 7/1/49 | 760 | 782 | |
Gilead Sciences Inc. | 4.600% | 9/1/35 | 3,790 | 4,287 | ||
Gilead Sciences Inc. | 4.000% | 9/1/36 | 777 | 829 | ||
Gilead Sciences Inc. | 2.600% | 10/1/40 | 245 | 211 | ||
Gilead Sciences Inc. | 5.650% | 12/1/41 | 3,018 | 3,771 | ||
Gilead Sciences Inc. | 4.800% | 4/1/44 | 5,556 | 6,306 | ||
Gilead Sciences Inc. | 4.500% | 2/1/45 | 5,026 | 5,498 | ||
Gilead Sciences Inc. | 4.750% | 3/1/46 | 4,298 | 4,878 | ||
Gilead Sciences Inc. | 4.150% | 3/1/47 | 2,417 | 2,536 | ||
Gilead Sciences Inc. | 2.800% | 10/1/50 | 560 | 474 | ||
GlaxoSmithKline Capital Inc. | 5.375% | 4/15/34 | 257 | 322 | ||
GlaxoSmithKline Capital Inc. | 6.375% | 5/15/38 | 6,773 | 9,359 | ||
GlaxoSmithKline Capital Inc. | 4.200% | 3/18/43 | 1,059 | 1,189 | ||
1 | Hackensack Meridian Health Inc. | 2.675% | 9/1/41 | 672 | 603 | |
Hackensack Meridian Health Inc. | 4.211% | 7/1/48 | 890 | 1,010 | ||
1 | Hackensack Meridian Health Inc. | 2.875% | 9/1/50 | 1,085 | 996 | |
Hackensack Meridian Health Inc. | 4.500% | 7/1/57 | 998 | 1,209 | ||
1 | Hartford HealthCare Corp. | 3.447% | 7/1/54 | 956 | 927 | |
HCA Inc. | 5.125% | 6/15/39 | 3,100 | 3,459 | ||
HCA Inc. | 5.500% | 6/15/47 | 2,404 | 2,814 | ||
HCA Inc. | 5.250% | 6/15/49 | 4,065 | 4,626 | ||
HCA Inc. | 3.500% | 7/15/51 | 3,005 | 2,670 | ||
Humana Inc. | 4.625% | 12/1/42 | 2,163 | 2,418 | ||
Humana Inc. | 4.950% | 10/1/44 | 1,199 | 1,397 | ||
Humana Inc. | 4.800% | 3/15/47 | 820 | 943 | ||
Humana Inc. | 3.950% | 8/15/49 | 510 | 523 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
IHC Health Services Inc. | 4.131% | 5/15/48 | 926 | 1,091 | ||
Indiana University Health Inc. Obligated Group | 3.970% | 11/1/48 | 1,046 | 1,158 | ||
1 | Indiana University Health Inc. Obligated Group | 2.852% | 11/1/51 | 750 | 703 | |
1 | Integris Baptist Medical Center Inc. | 3.875% | 8/15/50 | 1,350 | 1,424 | |
1 | Iowa Health System | 3.665% | 2/15/50 | 330 | 334 | |
Johns Hopkins Health System Corp. | 3.837% | 5/15/46 | 140 | 153 | ||
Johnson & Johnson | 4.950% | 5/15/33 | 714 | 874 | ||
Johnson & Johnson | 4.375% | 12/5/33 | 1,542 | 1,792 | ||
Johnson & Johnson | 3.550% | 3/1/36 | 2,264 | 2,440 | ||
Johnson & Johnson | 3.625% | 3/3/37 | 2,571 | 2,772 | ||
Johnson & Johnson | 5.950% | 8/15/37 | 2,522 | 3,420 | ||
Johnson & Johnson | 3.400% | 1/15/38 | 3,266 | 3,389 | ||
Johnson & Johnson | 5.850% | 7/15/38 | 1,040 | 1,387 | ||
Johnson & Johnson | 2.100% | 9/1/40 | 1,197 | 1,034 | ||
Johnson & Johnson | 4.500% | 9/1/40 | 1,417 | 1,657 | ||
Johnson & Johnson | 4.850% | 5/15/41 | 1,861 | 2,285 | ||
Johnson & Johnson | 4.500% | 12/5/43 | 1,550 | 1,827 | ||
Johnson & Johnson | 3.700% | 3/1/46 | 4,239 | 4,550 | ||
Johnson & Johnson | 3.750% | 3/3/47 | 1,860 | 2,024 | ||
Johnson & Johnson | 3.500% | 1/15/48 | 478 | 499 | ||
Johnson & Johnson | 2.250% | 9/1/50 | 1,969 | 1,651 | ||
Johnson & Johnson | 2.450% | 9/1/60 | 1,752 | 1,456 | ||
1 | Kaiser Foundation Hospitals | 2.810% | 6/1/41 | 2,705 | 2,497 | |
Kaiser Foundation Hospitals | 4.875% | 4/1/42 | 2,230 | 2,675 | ||
Kaiser Foundation Hospitals | 4.150% | 5/1/47 | 3,581 | 4,019 | ||
1 | Kaiser Foundation Hospitals | 3.266% | 11/1/49 | 2,076 | 2,017 | |
1 | Kaiser Foundation Hospitals | 3.002% | 6/1/51 | 2,205 | 2,048 | |
Koninklijke Philips NV | 6.875% | 3/11/38 | 1,128 | 1,542 | ||
Koninklijke Philips NV | 5.000% | 3/15/42 | 784 | 922 | ||
Laboratory Corp. of America Holdings | 4.700% | 2/1/45 | 1,630 | 1,798 | ||
1 | Mass General Brigham Inc. | 3.765% | 7/1/48 | 750 | 825 | |
1 | Mass General Brigham Inc. | 3.192% | 7/1/49 | 1,172 | 1,129 | |
1 | Mass General Brigham Inc. | 4.117% | 7/1/55 | 370 | 420 | |
1 | Mass General Brigham Inc. | 3.342% | 7/1/60 | 1,770 | 1,669 | |
1 | Mayo Clinic | 4.000% | 11/15/47 | 863 | 989 | |
1 | Mayo Clinic | 4.128% | 11/15/52 | 725 | 841 | |
1 | Mayo Clinic | 3.196% | 11/15/61 | 1,840 | 1,785 | |
1 | McLaren Health Care Corp. | 4.386% | 5/15/48 | 1,025 | 1,163 | |
1 | MedStar Health Inc. | 3.626% | 8/15/49 | 980 | 965 | |
Medtronic Inc. | 4.375% | 3/15/35 | 5,540 | 6,347 | ||
Medtronic Inc. | 4.625% | 3/15/45 | 3,617 | 4,260 | ||
Memorial Health Services | 3.447% | 11/1/49 | 875 | 867 | ||
Memorial Sloan-Kettering Cancer Center | 5.000% | 7/1/42 | 595 | 736 | ||
1 | Memorial Sloan-Kettering Cancer Center | 2.955% | 1/1/50 | 1,255 | 1,148 | |
Memorial Sloan-Kettering Cancer Center | 4.125% | 7/1/52 | 1,570 | 1,804 | ||
1 | Memorial Sloan-Kettering Cancer Center | 4.200% | 7/1/55 | 724 | 840 | |
Merck & Co. Inc. | 6.500% | 12/1/33 | 1,700 | 2,297 | ||
Merck & Co. Inc. | 3.900% | 3/7/39 | 2,643 | 2,865 | ||
Merck & Co. Inc. | 2.350% | 6/24/40 | 1,517 | 1,336 | ||
Merck & Co. Inc. | 3.600% | 9/15/42 | 2,200 | 2,268 | ||
Merck & Co. Inc. | 4.150% | 5/18/43 | 927 | 1,030 | ||
Merck & Co. Inc. | 3.700% | 2/10/45 | 4,611 | 4,814 | ||
Merck & Co. Inc. | 4.000% | 3/7/49 | 2,088 | 2,301 | ||
Merck & Co. Inc. | 2.450% | 6/24/50 | 1,661 | 1,419 | ||
Merck & Co. Inc. | 2.750% | 12/10/51 | 6,070 | 5,423 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Merck & Co. Inc. | 2.900% | 12/10/61 | 3,825 | 3,375 | ||
Merck Sharp & Dohme Corp. | 5.750% | 11/15/36 | 1,099 | 1,437 | ||
1 | Methodist Hospital | 2.705% | 12/1/50 | 1,220 | 1,070 | |
1 | MidMichigan Health | 3.409% | 6/1/50 | 845 | 819 | |
1 | Montefiore Obligated Group | 5.246% | 11/1/48 | 1,065 | 1,106 | |
Montefiore Obligated Group | 4.287% | 9/1/50 | 742 | 670 | ||
1 | Mount Sinai Hospitals Group Inc. | 3.981% | 7/1/48 | 625 | 674 | |
1 | Mount Sinai Hospitals Group Inc. | 3.737% | 7/1/49 | 785 | 795 | |
1 | Mount Sinai Hospitals Group Inc. | 3.391% | 7/1/50 | 1,480 | 1,375 | |
MultiCare Health System | 2.803% | 8/15/50 | 725 | 647 | ||
Mylan Inc. | 5.400% | 11/29/43 | 1,643 | 1,830 | ||
Mylan Inc. | 5.200% | 4/15/48 | 1,434 | 1,556 | ||
New York & Presbyterian Hospital | 2.256% | 8/1/40 | 906 | 790 | ||
New York & Presbyterian Hospital | 4.024% | 8/1/45 | 808 | 886 | ||
New York & Presbyterian Hospital | 4.063% | 8/1/56 | 1,188 | 1,334 | ||
New York & Presbyterian Hospital | 2.606% | 8/1/60 | 1,038 | 866 | ||
1 | New York & Presbyterian Hospital | 3.954% | 8/1/19 | 1,122 | 1,141 | |
Northwell Healthcare Inc. | 3.979% | 11/1/46 | 1,455 | 1,519 | ||
Northwell Healthcare Inc. | 4.260% | 11/1/47 | 1,370 | 1,474 | ||
Northwell Healthcare Inc. | 3.809% | 11/1/49 | 1,350 | 1,384 | ||
1 | Northwestern Memorial Healthcare Obligated Group | 2.633% | 7/15/51 | 781 | 670 | |
Novant Health Inc. | 2.637% | 11/1/36 | 1,665 | 1,550 | ||
Novant Health Inc. | 3.168% | 11/1/51 | 1,780 | 1,694 | ||
Novartis Capital Corp. | 3.700% | 9/21/42 | 1,299 | 1,375 | ||
Novartis Capital Corp. | 4.400% | 5/6/44 | 4,608 | 5,359 | ||
Novartis Capital Corp. | 4.000% | 11/20/45 | 2,449 | 2,717 | ||
Novartis Capital Corp. | 2.750% | 8/14/50 | 2,378 | 2,177 | ||
1 | NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery | 2.667% | 10/1/50 | 725 | 632 | |
1 | NYU Langone Hospitals | 5.750% | 7/1/43 | 995 | 1,301 | |
NYU Langone Hospitals | 4.784% | 7/1/44 | 817 | 944 | ||
1 | NYU Langone Hospitals | 4.368% | 7/1/47 | 798 | 887 | |
1 | NYU Langone Hospitals | 3.380% | 7/1/55 | 1,322 | 1,227 | |
OhioHealth Corp. | 2.834% | 11/15/41 | 775 | 711 | ||
1 | OhioHealth Corp. | 3.042% | 11/15/50 | 696 | 659 | |
Orlando Health Obligated Group | 4.089% | 10/1/48 | 698 | 771 | ||
Orlando Health Obligated Group | 3.327% | 10/1/50 | 925 | 905 | ||
1 | PeaceHealth Obligated Group | 4.787% | 11/15/48 | 840 | 1,026 | |
1 | PeaceHealth Obligated Group | 3.218% | 11/15/50 | 1,040 | 957 | |
PerkinElmer Inc. | 3.625% | 3/15/51 | 735 | 707 | ||
Pfizer Inc. | 4.000% | 12/15/36 | 3,859 | 4,269 | ||
Pfizer Inc. | 4.100% | 9/15/38 | 1,185 | 1,317 | ||
Pfizer Inc. | 3.900% | 3/15/39 | 1,747 | 1,904 | ||
Pfizer Inc. | 7.200% | 3/15/39 | 4,371 | 6,546 | ||
Pfizer Inc. | 2.550% | 5/28/40 | 2,473 | 2,262 | ||
Pfizer Inc. | 4.300% | 6/15/43 | 3,011 | 3,405 | ||
Pfizer Inc. | 4.400% | 5/15/44 | 3,407 | 3,918 | ||
Pfizer Inc. | 4.125% | 12/15/46 | 1,827 | 2,059 | ||
Pfizer Inc. | 4.200% | 9/15/48 | 1,887 | 2,152 | ||
Pfizer Inc. | 4.000% | 3/15/49 | 1,613 | 1,794 | ||
Pfizer Inc. | 2.700% | 5/28/50 | 3,381 | 3,062 | ||
Piedmont Healthcare Inc. | 2.864% | 1/1/52 | 985 | 866 | ||
1 | Providence St. Joseph Health Obligated Group | 3.744% | 10/1/47 | 1,195 | 1,267 | |
1 | Providence St. Joseph Health Obligated Group | 3.930% | 10/1/48 | 975 | 1,035 | |
1 | Rady Children's Hospital-San Diego | 3.154% | 8/15/51 | 1,000 | 977 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Regeneron Pharmaceuticals Inc. | 2.800% | 9/15/50 | 228 | 188 | ||
Royalty Pharma plc | 3.300% | 9/2/40 | 1,565 | 1,385 | ||
Royalty Pharma plc | 3.550% | 9/2/50 | 2,186 | 1,896 | ||
Royalty Pharma plc | 3.350% | 9/2/51 | 2,180 | 1,824 | ||
RWJ Barnabas Health Inc. | 3.949% | 7/1/46 | 1,436 | 1,547 | ||
RWJ Barnabas Health Inc. | 3.477% | 7/1/49 | 300 | 304 | ||
1 | Seattle Children's Hospital | 2.719% | 10/1/50 | 875 | 767 | |
1 | Sentara Healthcare | 2.927% | 11/1/51 | 400 | 373 | |
1 | Sharp HealthCare | 2.680% | 8/1/50 | 635 | 557 | |
1 | Stanford Health Care | 3.795% | 11/15/48 | 940 | 1,000 | |
Stanford Health Care | 3.027% | 8/15/51 | 1,063 | 991 | ||
STERIS Irish FinCo Unltd. Co. | 3.750% | 3/15/51 | 2,335 | 2,240 | ||
Stryker Corp. | 4.100% | 4/1/43 | 1,002 | 1,075 | ||
Stryker Corp. | 4.375% | 5/15/44 | 1,909 | 2,125 | ||
Stryker Corp. | 4.625% | 3/15/46 | 1,873 | 2,143 | ||
Stryker Corp. | 2.900% | 6/15/50 | 1,292 | 1,139 | ||
Summa Health | 3.511% | 11/15/51 | 810 | 813 | ||
1 | Sutter Health | 3.161% | 8/15/40 | 860 | 804 | |
1 | Sutter Health | 4.091% | 8/15/48 | 1,080 | 1,177 | |
1 | Sutter Health | 3.361% | 8/15/50 | 1,140 | 1,081 | |
Takeda Pharmaceutical Co. Ltd. | 3.025% | 7/9/40 | 2,667 | 2,417 | ||
Takeda Pharmaceutical Co. Ltd. | 3.175% | 7/9/50 | 4,456 | 3,989 | ||
Takeda Pharmaceutical Co. Ltd. | 3.375% | 7/9/60 | 2,355 | 2,097 | ||
Texas Health Resources | 2.328% | 11/15/50 | 1,320 | 1,129 | ||
1 | Texas Health Resources | 4.330% | 11/15/55 | 386 | 449 | |
Thermo Fisher Scientific Inc. | 2.800% | 10/15/41 | 2,555 | 2,349 | ||
Thermo Fisher Scientific Inc. | 5.300% | 2/1/44 | 1,163 | 1,470 | ||
Thermo Fisher Scientific Inc. | 4.100% | 8/15/47 | 1,601 | 1,778 | ||
Toledo Hospital | 5.750% | 11/15/38 | 610 | 681 | ||
Toledo Hospital | 6.015% | 11/15/48 | 1,021 | 1,201 | ||
1 | Trinity Health Corp. | 2.632% | 12/1/40 | 970 | 873 | |
Trinity Health Corp. | 4.125% | 12/1/45 | 765 | 856 | ||
1 | Trinity Health Corp. | 3.434% | 12/1/48 | 970 | 970 | |
UnitedHealth Group Inc. | 4.625% | 7/15/35 | 1,109 | 1,282 | ||
UnitedHealth Group Inc. | 5.800% | 3/15/36 | 786 | 1,008 | ||
UnitedHealth Group Inc. | 6.500% | 6/15/37 | 1,195 | 1,642 | ||
UnitedHealth Group Inc. | 6.625% | 11/15/37 | 2,109 | 2,928 | ||
UnitedHealth Group Inc. | 6.875% | 2/15/38 | 1,278 | 1,824 | ||
UnitedHealth Group Inc. | 3.500% | 8/15/39 | 2,731 | 2,786 | ||
UnitedHealth Group Inc. | 2.750% | 5/15/40 | 1,612 | 1,486 | ||
UnitedHealth Group Inc. | 5.700% | 10/15/40 | 735 | 939 | ||
UnitedHealth Group Inc. | 5.950% | 2/15/41 | 1,961 | 2,606 | ||
UnitedHealth Group Inc. | 3.050% | 5/15/41 | 3,010 | 2,891 | ||
UnitedHealth Group Inc. | 4.625% | 11/15/41 | 1,593 | 1,843 | ||
UnitedHealth Group Inc. | 4.375% | 3/15/42 | 1,913 | 2,134 | ||
UnitedHealth Group Inc. | 3.950% | 10/15/42 | 2,876 | 3,056 | ||
UnitedHealth Group Inc. | 4.250% | 3/15/43 | 1,755 | 1,935 | ||
UnitedHealth Group Inc. | 4.750% | 7/15/45 | 2,279 | 2,685 | ||
UnitedHealth Group Inc. | 4.200% | 1/15/47 | 1,948 | 2,149 | ||
UnitedHealth Group Inc. | 4.250% | 4/15/47 | 860 | 955 | ||
UnitedHealth Group Inc. | 3.750% | 10/15/47 | 2,133 | 2,211 | ||
UnitedHealth Group Inc. | 4.250% | 6/15/48 | 2,808 | 3,134 | ||
UnitedHealth Group Inc. | 4.450% | 12/15/48 | 2,580 | 2,973 | ||
UnitedHealth Group Inc. | 3.700% | 8/15/49 | 3,880 | 4,016 | ||
UnitedHealth Group Inc. | 2.900% | 5/15/50 | 2,574 | 2,343 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
UnitedHealth Group Inc. | 3.250% | 5/15/51 | 5,405 | 5,242 | ||
UnitedHealth Group Inc. | 3.875% | 8/15/59 | 1,528 | 1,613 | ||
UnitedHealth Group Inc. | 3.125% | 5/15/60 | 1,738 | 1,581 | ||
Utah Acquisition Sub Inc. | 5.250% | 6/15/46 | 3,189 | 3,377 | ||
Viatris Inc. | 3.850% | 6/22/40 | 3,099 | 2,908 | ||
Viatris Inc. | 4.000% | 6/22/50 | 4,083 | 3,614 | ||
1 | WakeMed | 3.286% | 10/1/52 | 575 | 550 | |
1 | West Virginia United Health System Obligated Group | 3.129% | 6/1/50 | 915 | 834 | |
1 | Willis-Knighton Medical Center | 4.813% | 9/1/48 | 385 | 451 | |
1 | Willis-Knighton Medical Center | 3.065% | 3/1/51 | 1,425 | 1,308 | |
Wyeth LLC | 6.500% | 2/1/34 | 1,044 | 1,386 | ||
Wyeth LLC | 6.000% | 2/15/36 | 2,023 | 2,662 | ||
Wyeth LLC | 5.950% | 4/1/37 | 3,488 | 4,573 | ||
1 | Yale-New Haven Health Services Corp. | 2.496% | 7/1/50 | 1,000 | 831 | |
Zimmer Biomet Holdings Inc. | 5.750% | 11/30/39 | 930 | 1,152 | ||
Zimmer Biomet Holdings Inc. | 4.450% | 8/15/45 | 597 | 641 | ||
Zoetis Inc. | 4.700% | 2/1/43 | 1,950 | 2,248 | ||
Zoetis Inc. | 3.950% | 9/12/47 | 1,716 | 1,847 | ||
Zoetis Inc. | 4.450% | 8/20/48 | 961 | 1,093 | ||
Zoetis Inc. | 3.000% | 5/15/50 | 925 | 854 | ||
777,434 | ||||||
Industrials (8.4%) | ||||||
1 | 3M Co. | 5.700% | 3/15/37 | 1,145 | 1,462 | |
1 | 3M Co. | 3.875% | 6/15/44 | 750 | 786 | |
1 | 3M Co. | 3.125% | 9/19/46 | 1,272 | 1,195 | |
1 | 3M Co. | 3.625% | 10/15/47 | 1,657 | 1,666 | |
1 | 3M Co. | 4.000% | 9/14/48 | 1,647 | 1,765 | |
3M Co. | 3.250% | 8/26/49 | 270 | 258 | ||
3M Co. | 3.700% | 4/15/50 | 3,376 | 3,473 | ||
1 | American Airlines Pass-Through Trust Class A Series 2021-1 | 2.875% | 7/11/34 | 750 | 708 | |
Boeing Co. | 6.125% | 2/15/33 | 365 | 442 | ||
Boeing Co. | 3.600% | 5/1/34 | 3,153 | 3,059 | ||
Boeing Co. | 3.250% | 2/1/35 | 1,098 | 1,021 | ||
Boeing Co. | 6.625% | 2/15/38 | 650 | 810 | ||
Boeing Co. | 3.550% | 3/1/38 | 2,043 | 1,897 | ||
Boeing Co. | 3.500% | 3/1/39 | 1,044 | 950 | ||
Boeing Co. | 6.875% | 3/15/39 | 1,754 | 2,234 | ||
Boeing Co. | 5.875% | 2/15/40 | 2,259 | 2,651 | ||
Boeing Co. | 5.705% | 5/1/40 | 5,070 | 5,906 | ||
Boeing Co. | 3.650% | 3/1/47 | 1,260 | 1,106 | ||
Boeing Co. | 3.625% | 3/1/48 | 1,523 | 1,347 | ||
Boeing Co. | 3.850% | 11/1/48 | 2,215 | 2,014 | ||
Boeing Co. | 3.900% | 5/1/49 | 2,546 | 2,373 | ||
Boeing Co. | 3.750% | 2/1/50 | 2,271 | 2,110 | ||
Boeing Co. | 5.805% | 5/1/50 | 10,962 | 13,033 | ||
Boeing Co. | 3.825% | 3/1/59 | 585 | 512 | ||
Boeing Co. | 3.950% | 8/1/59 | 1,432 | 1,300 | ||
Boeing Co. | 5.930% | 5/1/60 | 6,323 | 7,517 | ||
Burlington Northern Santa Fe LLC | 6.200% | 8/15/36 | 320 | 430 | ||
Burlington Northern Santa Fe LLC | 6.150% | 5/1/37 | 471 | 626 | ||
Burlington Northern Santa Fe LLC | 5.750% | 5/1/40 | 2,328 | 2,991 | ||
Burlington Northern Santa Fe LLC | 5.050% | 3/1/41 | 1,771 | 2,128 | ||
Burlington Northern Santa Fe LLC | 5.400% | 6/1/41 | 466 | 583 | ||
Burlington Northern Santa Fe LLC | 4.950% | 9/15/41 | 1,356 | 1,615 | ||
Burlington Northern Santa Fe LLC | 4.400% | 3/15/42 | 1,648 | 1,847 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Burlington Northern Santa Fe LLC | 4.375% | 9/1/42 | 914 | 1,024 | ||
Burlington Northern Santa Fe LLC | 4.450% | 3/15/43 | 2,109 | 2,386 | ||
Burlington Northern Santa Fe LLC | 5.150% | 9/1/43 | 1,830 | 2,254 | ||
Burlington Northern Santa Fe LLC | 4.900% | 4/1/44 | 1,722 | 2,074 | ||
Burlington Northern Santa Fe LLC | 4.550% | 9/1/44 | 1,935 | 2,212 | ||
Burlington Northern Santa Fe LLC | 4.150% | 4/1/45 | 3,309 | 3,599 | ||
Burlington Northern Santa Fe LLC | 4.700% | 9/1/45 | 1,775 | 2,075 | ||
Burlington Northern Santa Fe LLC | 3.900% | 8/1/46 | 475 | 504 | ||
Burlington Northern Santa Fe LLC | 4.125% | 6/15/47 | 2,254 | 2,473 | ||
Burlington Northern Santa Fe LLC | 4.050% | 6/15/48 | 1,965 | 2,137 | ||
Burlington Northern Santa Fe LLC | 3.550% | 2/15/50 | 1,096 | 1,111 | ||
Burlington Northern Santa Fe LLC | 3.050% | 2/15/51 | 1,980 | 1,837 | ||
Burlington Northern Santa Fe LLC | 3.300% | 9/15/51 | 2,997 | 2,902 | ||
Burlington Northern Santa Fe LLC | 2.875% | 6/15/52 | 970 | 872 | ||
Canadian National Railway Co. | 6.250% | 8/1/34 | 758 | 988 | ||
Canadian National Railway Co. | 6.200% | 6/1/36 | 382 | 501 | ||
Canadian National Railway Co. | 6.375% | 11/15/37 | 1,491 | 1,988 | ||
Canadian National Railway Co. | 4.500% | 11/7/43 | 200 | 220 | ||
Canadian National Railway Co. | 3.200% | 8/2/46 | 1,286 | 1,232 | ||
Canadian National Railway Co. | 3.650% | 2/3/48 | 727 | 748 | ||
Canadian National Railway Co. | 4.450% | 1/20/49 | 1,280 | 1,472 | ||
Canadian National Railway Co. | 2.450% | 5/1/50 | 422 | 350 | ||
Canadian Pacific Railway Co. | 4.800% | 9/15/35 | 1,692 | 1,962 | ||
Canadian Pacific Railway Co. | 5.950% | 5/15/37 | 1,590 | 2,053 | ||
Canadian Pacific Railway Co. | 3.000% | 12/2/41 | 2,550 | 2,372 | ||
Canadian Pacific Railway Co. | 4.800% | 8/1/45 | 1,010 | 1,179 | ||
Canadian Pacific Railway Co. | 3.100% | 12/2/51 | 4,900 | 4,452 | ||
Canadian Pacific Railway Co. | 6.125% | 9/15/15 | 933 | 1,233 | ||
Carrier Global Corp. | 3.377% | 4/5/40 | 1,834 | 1,725 | ||
Carrier Global Corp. | 3.577% | 4/5/50 | 5,890 | 5,597 | ||
Caterpillar Inc. | 5.300% | 9/15/35 | 1,198 | 1,496 | ||
Caterpillar Inc. | 6.050% | 8/15/36 | 370 | 489 | ||
Caterpillar Inc. | 5.200% | 5/27/41 | 1,666 | 2,095 | ||
Caterpillar Inc. | 3.803% | 8/15/42 | 3,450 | 3,675 | ||
Caterpillar Inc. | 4.300% | 5/15/44 | 1,095 | 1,250 | ||
Caterpillar Inc. | 3.250% | 9/19/49 | 4,185 | 4,124 | ||
Caterpillar Inc. | 3.250% | 4/9/50 | 2,570 | 2,525 | ||
Caterpillar Inc. | 4.750% | 5/15/64 | 620 | 786 | ||
Crane Co. | 4.200% | 3/15/48 | 704 | 746 | ||
CSX Corp. | 6.000% | 10/1/36 | 198 | 254 | ||
CSX Corp. | 6.150% | 5/1/37 | 1,342 | 1,742 | ||
CSX Corp. | 6.220% | 4/30/40 | 648 | 865 | ||
CSX Corp. | 5.500% | 4/15/41 | 451 | 555 | ||
CSX Corp. | 4.750% | 5/30/42 | 1,865 | 2,127 | ||
CSX Corp. | 4.400% | 3/1/43 | 752 | 818 | ||
CSX Corp. | 4.100% | 3/15/44 | 1,644 | 1,747 | ||
CSX Corp. | 3.800% | 11/1/46 | 2,246 | 2,283 | ||
CSX Corp. | 4.300% | 3/1/48 | 2,113 | 2,319 | ||
CSX Corp. | 4.750% | 11/15/48 | 843 | 983 | ||
CSX Corp. | 4.500% | 3/15/49 | 2,091 | 2,367 | ||
CSX Corp. | 3.350% | 9/15/49 | 1,715 | 1,637 | ||
CSX Corp. | 3.800% | 4/15/50 | 1,286 | 1,322 | ||
CSX Corp. | 3.950% | 5/1/50 | 1,600 | 1,683 | ||
CSX Corp. | 2.500% | 5/15/51 | 875 | 721 | ||
CSX Corp. | 4.500% | 8/1/54 | 956 | 1,093 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
CSX Corp. | 4.250% | 11/1/66 | 321 | 347 | ||
CSX Corp. | 4.650% | 3/1/68 | 1,849 | 2,121 | ||
Cummins Inc. | 4.875% | 10/1/43 | 828 | 999 | ||
Cummins Inc. | 2.600% | 9/1/50 | 1,480 | 1,221 | ||
Deere & Co. | 3.900% | 6/9/42 | 2,473 | 2,689 | ||
Deere & Co. | 2.875% | 9/7/49 | 2,130 | 1,965 | ||
Deere & Co. | 3.750% | 4/15/50 | 1,208 | 1,297 | ||
Dover Corp. | 5.375% | 10/15/35 | 575 | 680 | ||
Dover Corp. | 5.375% | 3/1/41 | 938 | 1,131 | ||
Eaton Corp. | 4.000% | 11/2/32 | 1,428 | 1,553 | ||
Eaton Corp. | 4.150% | 11/2/42 | 1,922 | 2,063 | ||
Eaton Corp. | 3.915% | 9/15/47 | 996 | 1,049 | ||
Emerson Electric Co. | 5.250% | 11/15/39 | 485 | 589 | ||
Emerson Electric Co. | 2.750% | 10/15/50 | 1,345 | 1,158 | ||
Emerson Electric Co. | 2.800% | 12/21/51 | 2,275 | 1,986 | ||
FedEx Corp. | 4.900% | 1/15/34 | 1,926 | 2,208 | ||
FedEx Corp. | 3.900% | 2/1/35 | 2,300 | 2,405 | ||
FedEx Corp. | 3.250% | 5/15/41 | 1,090 | 1,018 | ||
FedEx Corp. | 3.875% | 8/1/42 | 807 | 807 | ||
FedEx Corp. | 4.100% | 4/15/43 | 2,463 | 2,517 | ||
FedEx Corp. | 5.100% | 1/15/44 | 1,843 | 2,139 | ||
FedEx Corp. | 4.750% | 11/15/45 | 1,965 | 2,188 | ||
FedEx Corp. | 4.550% | 4/1/46 | 2,600 | 2,831 | ||
FedEx Corp. | 4.400% | 1/15/47 | 496 | 527 | ||
FedEx Corp. | 4.050% | 2/15/48 | 1,820 | 1,847 | ||
FedEx Corp. | 4.950% | 10/17/48 | 2,532 | 2,917 | ||
FedEx Corp. | 5.250% | 5/15/50 | 2,591 | 3,111 | ||
1 | FedEx Corp. Pass-Through Trust Class AA Series 2020-1 | 1.875% | 2/20/34 | 1,314 | 1,243 | |
Fortive Corp. | 4.300% | 6/15/46 | 498 | 538 | ||
General Dynamics Corp. | 4.250% | 4/1/40 | 3,090 | 3,457 | ||
General Dynamics Corp. | 2.850% | 6/1/41 | 1,372 | 1,284 | ||
General Dynamics Corp. | 3.600% | 11/15/42 | 432 | 450 | ||
General Dynamics Corp. | 4.250% | 4/1/50 | 322 | 372 | ||
1 | General Electric Co. | 6.750% | 3/15/32 | 6,491 | 8,378 | |
1 | General Electric Co. | 5.875% | 1/14/38 | 1,435 | 1,800 | |
1 | General Electric Co. | 6.875% | 1/10/39 | 400 | 552 | |
General Electric Co. | 4.350% | 5/1/50 | 150 | 170 | ||
Honeywell International Inc. | 5.700% | 3/15/36 | 533 | 690 | ||
Honeywell International Inc. | 5.700% | 3/15/37 | 883 | 1,145 | ||
Honeywell International Inc. | 5.375% | 3/1/41 | 876 | 1,138 | ||
Honeywell International Inc. | 3.812% | 11/21/47 | 2,594 | 2,859 | ||
Illinois Tool Works Inc. | 4.875% | 9/15/41 | 1,166 | 1,405 | ||
Illinois Tool Works Inc. | 3.900% | 9/1/42 | 2,845 | 3,020 | ||
1 | JetBlue Pass-Through Trust Class A Series 2020-1 | 4.000% | 11/15/32 | 2,477 | 2,600 | |
1 | JetBlue Pass-Through Trust Class AA Series 2019-1 | 2.750% | 5/15/32 | 210 | 202 | |
1 | Johnson Controls International plc | 6.000% | 1/15/36 | 445 | 572 | |
1 | Johnson Controls International plc | 4.625% | 7/2/44 | 2,686 | 3,021 | |
Johnson Controls International plc | 4.500% | 2/15/47 | 965 | 1,054 | ||
1 | Johnson Controls International plc | 4.950% | 7/2/64 | 1,460 | 1,683 | |
1 | Kansas City Southern | 4.300% | 5/15/43 | 904 | 990 | |
1 | Kansas City Southern | 4.950% | 8/15/45 | 1,045 | 1,220 | |
Kansas City Southern | 4.700% | 5/1/48 | 1,340 | 1,536 | ||
Kansas City Southern | 3.500% | 5/1/50 | 1,113 | 1,070 | ||
Kansas City Southern | 4.200% | 11/15/69 | 969 | 1,013 | ||
L3Harris Technologies Inc. | 4.854% | 4/27/35 | 1,862 | 2,131 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Lockheed Martin Corp. | 3.600% | 3/1/35 | 1,198 | 1,256 | ||
Lockheed Martin Corp. | 4.500% | 5/15/36 | 1,277 | 1,453 | ||
1 | Lockheed Martin Corp. | 6.150% | 9/1/36 | 1,290 | 1,705 | |
Lockheed Martin Corp. | 5.720% | 6/1/40 | 664 | 845 | ||
Lockheed Martin Corp. | 4.850% | 9/15/41 | 410 | 485 | ||
Lockheed Martin Corp. | 4.070% | 12/15/42 | 3,963 | 4,322 | ||
Lockheed Martin Corp. | 3.800% | 3/1/45 | 2,370 | 2,486 | ||
Lockheed Martin Corp. | 4.700% | 5/15/46 | 3,092 | 3,657 | ||
Lockheed Martin Corp. | 2.800% | 6/15/50 | 854 | 769 | ||
Lockheed Martin Corp. | 4.090% | 9/15/52 | 3,327 | 3,681 | ||
Norfolk Southern Corp. | 7.050% | 5/1/37 | 172 | 230 | ||
Norfolk Southern Corp. | 4.837% | 10/1/41 | 1,230 | 1,441 | ||
Norfolk Southern Corp. | 3.950% | 10/1/42 | 1,092 | 1,149 | ||
Norfolk Southern Corp. | 4.450% | 6/15/45 | 1,503 | 1,684 | ||
Norfolk Southern Corp. | 4.650% | 1/15/46 | 425 | 487 | ||
Norfolk Southern Corp. | 3.942% | 11/1/47 | 2,277 | 2,387 | ||
Norfolk Southern Corp. | 4.150% | 2/28/48 | 1,285 | 1,386 | ||
Norfolk Southern Corp. | 4.100% | 5/15/49 | 2,485 | 2,681 | ||
Norfolk Southern Corp. | 3.400% | 11/1/49 | 2,092 | 2,018 | ||
Norfolk Southern Corp. | 3.050% | 5/15/50 | 1,950 | 1,780 | ||
Norfolk Southern Corp. | 4.050% | 8/15/52 | 1,953 | 2,092 | ||
Norfolk Southern Corp. | 3.155% | 5/15/55 | 2,720 | 2,498 | ||
Norfolk Southern Corp. | 4.100% | 5/15/21 | 1,050 | 1,012 | ||
Northrop Grumman Corp. | 5.150% | 5/1/40 | 932 | 1,108 | ||
Northrop Grumman Corp. | 5.050% | 11/15/40 | 1,437 | 1,701 | ||
Northrop Grumman Corp. | 4.750% | 6/1/43 | 2,466 | 2,850 | ||
Northrop Grumman Corp. | 3.850% | 4/15/45 | 2,119 | 2,169 | ||
Northrop Grumman Corp. | 4.030% | 10/15/47 | 4,440 | 4,694 | ||
Northrop Grumman Corp. | 5.250% | 5/1/50 | 1,015 | 1,283 | ||
Otis Worldwide Corp. | 3.112% | 2/15/40 | 1,756 | 1,626 | ||
Otis Worldwide Corp. | 3.362% | 2/15/50 | 2,200 | 2,044 | ||
1 | Parker-Hannifin Corp. | 4.200% | 11/21/34 | 1,410 | 1,523 | |
1 | Parker-Hannifin Corp. | 6.250% | 5/15/38 | 915 | 1,196 | |
1 | Parker-Hannifin Corp. | 4.450% | 11/21/44 | 620 | 680 | |
Parker-Hannifin Corp. | 4.100% | 3/1/47 | 1,776 | 1,884 | ||
Parker-Hannifin Corp. | 4.000% | 6/14/49 | 2,135 | 2,253 | ||
Precision Castparts Corp. | 3.900% | 1/15/43 | 1,526 | 1,639 | ||
Precision Castparts Corp. | 4.375% | 6/15/45 | 971 | 1,106 | ||
Raytheon Technologies Corp. | 5.400% | 5/1/35 | 747 | 908 | ||
Raytheon Technologies Corp. | 6.050% | 6/1/36 | 2,582 | 3,340 | ||
Raytheon Technologies Corp. | 6.125% | 7/15/38 | 1,992 | 2,612 | ||
Raytheon Technologies Corp. | 4.450% | 11/16/38 | 1,797 | 2,006 | ||
Raytheon Technologies Corp. | 4.875% | 10/15/40 | 968 | 1,118 | ||
Raytheon Technologies Corp. | 4.700% | 12/15/41 | 1,091 | 1,234 | ||
Raytheon Technologies Corp. | 4.500% | 6/1/42 | 7,570 | 8,444 | ||
Raytheon Technologies Corp. | 4.800% | 12/15/43 | 1,073 | 1,237 | ||
Raytheon Technologies Corp. | 4.150% | 5/15/45 | 2,451 | 2,628 | ||
Raytheon Technologies Corp. | 3.750% | 11/1/46 | 3,166 | 3,196 | ||
Raytheon Technologies Corp. | 4.350% | 4/15/47 | 2,791 | 3,072 | ||
Raytheon Technologies Corp. | 4.050% | 5/4/47 | 730 | 771 | ||
Raytheon Technologies Corp. | 4.625% | 11/16/48 | 4,064 | 4,697 | ||
Raytheon Technologies Corp. | 3.125% | 7/1/50 | 770 | 708 | ||
Raytheon Technologies Corp. | 2.820% | 9/1/51 | 450 | 390 | ||
Raytheon Technologies Corp. | 3.030% | 3/15/52 | 1,220 | 1,097 | ||
Republic Services Inc. | 2.375% | 3/15/33 | 1,755 | 1,631 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Republic Services Inc. | 6.200% | 3/1/40 | 925 | 1,224 | ||
Republic Services Inc. | 5.700% | 5/15/41 | 890 | 1,120 | ||
Republic Services Inc. | 3.050% | 3/1/50 | 1,275 | 1,176 | ||
Rockwell Automation Inc. | 4.200% | 3/1/49 | 1,050 | 1,176 | ||
Rockwell Automation Inc. | 2.800% | 8/15/61 | 840 | 720 | ||
Trane Technologies Global Holding Co. Ltd. | 5.750% | 6/15/43 | 785 | 1,003 | ||
Trane Technologies Global Holding Co. Ltd. | 4.300% | 2/21/48 | 1,310 | 1,421 | ||
Trane Technologies Luxembourg Finance SA | 4.650% | 11/1/44 | 726 | 821 | ||
Trane Technologies Luxembourg Finance SA | 4.500% | 3/21/49 | 315 | 350 | ||
Tyco Electronics Group SA | 7.125% | 10/1/37 | 820 | 1,171 | ||
Union Pacific Corp. | 3.375% | 2/1/35 | 1,706 | 1,752 | ||
Union Pacific Corp. | 2.891% | 4/6/36 | 1,720 | 1,677 | ||
Union Pacific Corp. | 3.600% | 9/15/37 | 665 | 690 | ||
1 | Union Pacific Corp. | 3.550% | 8/15/39 | 1,293 | 1,315 | |
Union Pacific Corp. | 3.200% | 5/20/41 | 3,205 | 3,123 | ||
Union Pacific Corp. | 4.050% | 3/1/46 | 1,389 | 1,495 | ||
Union Pacific Corp. | 3.350% | 8/15/46 | 1,120 | 1,083 | ||
Union Pacific Corp. | 4.000% | 4/15/47 | 3,246 | 3,475 | ||
Union Pacific Corp. | 3.250% | 2/5/50 | 3,353 | 3,219 | ||
Union Pacific Corp. | 3.799% | 10/1/51 | 1,871 | 1,954 | ||
Union Pacific Corp. | 2.950% | 3/10/52 | 4,260 | 3,869 | ||
Union Pacific Corp. | 3.875% | 2/1/55 | 972 | 1,009 | ||
Union Pacific Corp. | 3.950% | 8/15/59 | 2,160 | 2,264 | ||
Union Pacific Corp. | 3.839% | 3/20/60 | 2,154 | 2,218 | ||
Union Pacific Corp. | 3.550% | 5/20/61 | 1,475 | 1,431 | ||
Union Pacific Corp. | 2.973% | 9/16/62 | 3,017 | 2,600 | ||
Union Pacific Corp. | 3.750% | 2/5/70 | 561 | 559 | ||
Union Pacific Corp. | 3.799% | 4/6/71 | 5,196 | 5,244 | ||
Union Pacific Corp. | 3.850% | 2/14/72 | 750 | 758 | ||
1 | United Airlines Pass-Through Trust Class AA Series 2019-2 | 2.700% | 5/1/32 | 1,450 | 1,395 | |
United Parcel Service Inc. | 6.200% | 1/15/38 | 1,482 | 2,013 | ||
United Parcel Service Inc. | 5.200% | 4/1/40 | 2,228 | 2,775 | ||
United Parcel Service Inc. | 4.875% | 11/15/40 | 2,188 | 2,627 | ||
United Parcel Service Inc. | 3.625% | 10/1/42 | 1,637 | 1,718 | ||
United Parcel Service Inc. | 3.400% | 11/15/46 | 1,800 | 1,833 | ||
United Parcel Service Inc. | 3.750% | 11/15/47 | 1,605 | 1,728 | ||
United Parcel Service Inc. | 4.250% | 3/15/49 | 2,706 | 3,143 | ||
United Parcel Service Inc. | 3.400% | 9/1/49 | 2,009 | 2,073 | ||
United Parcel Service Inc. | 5.300% | 4/1/50 | 460 | 618 | ||
Valmont Industries Inc. | 5.000% | 10/1/44 | 865 | 976 | ||
Valmont Industries Inc. | 5.250% | 10/1/54 | 783 | 913 | ||
Waste Connections Inc. | 3.050% | 4/1/50 | 1,124 | 996 | ||
Waste Connections Inc. | 2.950% | 1/15/52 | 2,125 | 1,850 | ||
Waste Management Inc. | 2.950% | 6/1/41 | 1,710 | 1,602 | ||
Waste Management Inc. | 4.150% | 7/15/49 | 1,740 | 1,946 | ||
Waste Management Inc. | 2.500% | 11/15/50 | 2,300 | 1,922 | ||
WW Grainger Inc. | 4.600% | 6/15/45 | 1,898 | 2,189 | ||
WW Grainger Inc. | 3.750% | 5/15/46 | 771 | 801 | ||
WW Grainger Inc. | 4.200% | 5/15/47 | 1,245 | 1,384 | ||
Xylem Inc. | 4.375% | 11/1/46 | 853 | 931 | ||
451,704 | ||||||
Materials (3.8%) | ||||||
Air Products and Chemicals Inc. | 2.700% | 5/15/40 | 1,645 | 1,511 | ||
Air Products and Chemicals Inc. | 2.800% | 5/15/50 | 700 | 628 | ||
Albemarle Corp. | 5.450% | 12/1/44 | 685 | 819 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
ArcelorMittal SA | 7.000% | 10/15/39 | 1,400 | 1,724 | ||
ArcelorMittal SA | 6.750% | 3/1/41 | 1,755 | 2,141 | ||
Barrick Gold Corp. | 6.450% | 10/15/35 | 1,475 | 1,908 | ||
Barrick Gold Corp. | 5.250% | 4/1/42 | 805 | 953 | ||
Barrick North America Finance LLC | 5.700% | 5/30/41 | 467 | 581 | ||
Barrick North America Finance LLC | 5.750% | 5/1/43 | 1,503 | 1,871 | ||
Barrick PD Australia Finance Pty. Ltd. | 5.950% | 10/15/39 | 2,722 | 3,418 | ||
BHP Billiton Finance USA Ltd. | 4.125% | 2/24/42 | 1,980 | 2,148 | ||
BHP Billiton Finance USA Ltd. | 5.000% | 9/30/43 | 4,853 | 5,852 | ||
Celulosa Arauco y Constitucion SA | 5.500% | 11/2/47 | 890 | 924 | ||
CF Industries Inc. | 5.150% | 3/15/34 | 1,450 | 1,626 | ||
CF Industries Inc. | 4.950% | 6/1/43 | 1,915 | 2,064 | ||
CF Industries Inc. | 5.375% | 3/15/44 | 1,485 | 1,676 | ||
Dow Chemical Co. | 4.250% | 10/1/34 | 885 | 957 | ||
Dow Chemical Co. | 9.400% | 5/15/39 | 148 | 249 | ||
Dow Chemical Co. | 5.250% | 11/15/41 | 2,118 | 2,507 | ||
Dow Chemical Co. | 4.375% | 11/15/42 | 2,914 | 3,122 | ||
Dow Chemical Co. | 4.625% | 10/1/44 | 3,033 | 3,354 | ||
Dow Chemical Co. | 5.550% | 11/30/48 | 670 | 845 | ||
Dow Chemical Co. | 4.800% | 5/15/49 | 2,529 | 2,875 | ||
Dow Chemical Co. | 3.600% | 11/15/50 | 2,630 | 2,506 | ||
DuPont de Nemours Inc. | 5.319% | 11/15/38 | 2,775 | 3,303 | ||
DuPont de Nemours Inc. | 5.419% | 11/15/48 | 3,912 | 4,920 | ||
Eastman Chemical Co. | 4.800% | 9/1/42 | 1,181 | 1,297 | ||
Eastman Chemical Co. | 4.650% | 10/15/44 | 583 | 632 | ||
Ecolab Inc. | 3.950% | 12/1/47 | 200 | 218 | ||
Ecolab Inc. | 2.125% | 8/15/50 | 1,653 | 1,290 | ||
Ecolab Inc. | 2.700% | 12/15/51 | 1,900 | 1,658 | ||
Ecolab Inc. | 2.750% | 8/18/55 | 2,952 | 2,550 | ||
FMC Corp. | 4.500% | 10/1/49 | 1,522 | 1,637 | ||
Freeport-McMoRan Inc. | 5.400% | 11/14/34 | 1,600 | 1,817 | ||
Freeport-McMoRan Inc. | 5.450% | 3/15/43 | 5,000 | 5,748 | ||
International Flavors & Fragrances Inc. | 4.375% | 6/1/47 | 850 | 892 | ||
International Flavors & Fragrances Inc. | 5.000% | 9/26/48 | 1,095 | 1,249 | ||
International Paper Co. | 5.000% | 9/15/35 | 2,760 | 3,250 | ||
International Paper Co. | 7.300% | 11/15/39 | 1,744 | 2,458 | ||
International Paper Co. | 6.000% | 11/15/41 | 2,206 | 2,776 | ||
International Paper Co. | 4.800% | 6/15/44 | 1,143 | 1,293 | ||
International Paper Co. | 4.400% | 8/15/47 | 500 | 548 | ||
International Paper Co. | 4.350% | 8/15/48 | 1,355 | 1,475 | ||
Lafarge SA | 7.125% | 7/15/36 | 680 | 927 | ||
Linde Inc. | 3.550% | 11/7/42 | 1,958 | 2,026 | ||
Linde Inc. | 2.000% | 8/10/50 | 900 | 713 | ||
Lubrizol Corp. | 6.500% | 10/1/34 | 1,048 | 1,426 | ||
LYB International Finance BV | 5.250% | 7/15/43 | 415 | 480 | ||
LYB International Finance BV | 4.875% | 3/15/44 | 3,197 | 3,514 | ||
LYB International Finance III LLC | 3.375% | 10/1/40 | 3,361 | 3,138 | ||
LYB International Finance III LLC | 4.200% | 10/15/49 | 2,570 | 2,607 | ||
LYB International Finance III LLC | 4.200% | 5/1/50 | 2,185 | 2,215 | ||
LYB International Finance III LLC | 3.625% | 4/1/51 | 1,760 | 1,662 | ||
LYB International Finance III LLC | 3.800% | 10/1/60 | 1,893 | 1,717 | ||
LyondellBasell Industries NV | 4.625% | 2/26/55 | 999 | 1,058 | ||
Martin Marietta Materials Inc. | 4.250% | 12/15/47 | 2,159 | 2,259 | ||
Martin Marietta Materials Inc. | 3.200% | 7/15/51 | 1,130 | 1,011 | ||
Mosaic Co. | 5.450% | 11/15/33 | 1,240 | 1,458 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Mosaic Co. | 4.875% | 11/15/41 | 1,461 | 1,598 | ||
Mosaic Co. | 5.625% | 11/15/43 | 1,520 | 1,875 | ||
Newmont Corp. | 2.600% | 7/15/32 | 1,505 | 1,430 | ||
1 | Newmont Corp. | 5.875% | 4/1/35 | 1,581 | 1,931 | |
Newmont Corp. | 6.250% | 10/1/39 | 1,607 | 2,083 | ||
Newmont Corp. | 4.875% | 3/15/42 | 2,068 | 2,377 | ||
Newmont Corp. | 5.450% | 6/9/44 | 2,044 | 2,495 | ||
Nucor Corp. | 5.200% | 8/1/43 | 210 | 260 | ||
Nucor Corp. | 2.979% | 12/15/55 | 2,806 | 2,454 | ||
Nutrien Ltd. | 4.125% | 3/15/35 | 545 | 579 | ||
Nutrien Ltd. | 5.875% | 12/1/36 | 1,098 | 1,386 | ||
Nutrien Ltd. | 5.625% | 12/1/40 | 795 | 991 | ||
Nutrien Ltd. | 4.900% | 6/1/43 | 2,031 | 2,361 | ||
Nutrien Ltd. | 5.250% | 1/15/45 | 1,217 | 1,475 | ||
Nutrien Ltd. | 5.000% | 4/1/49 | 807 | 977 | ||
Nutrien Ltd. | 3.950% | 5/13/50 | 1,645 | 1,723 | ||
Packaging Corp. of America | 4.050% | 12/15/49 | 1,385 | 1,430 | ||
Packaging Corp. of America | 3.050% | 10/1/51 | 1,720 | 1,498 | ||
Rio Tinto Alcan Inc. | 6.125% | 12/15/33 | 1,469 | 1,917 | ||
Rio Tinto Alcan Inc. | 5.750% | 6/1/35 | 1,922 | 2,428 | ||
Rio Tinto Finance USA Ltd. | 5.200% | 11/2/40 | 3,159 | 3,856 | ||
Rio Tinto Finance USA Ltd. | 2.750% | 11/2/51 | 1,720 | 1,511 | ||
Rio Tinto Finance USA plc | 4.750% | 3/22/42 | 775 | 909 | ||
Rio Tinto Finance USA plc | 4.125% | 8/21/42 | 845 | 924 | ||
RPM International Inc. | 4.250% | 1/15/48 | 1,470 | 1,569 | ||
Sherwin-Williams Co. | 2.200% | 3/15/32 | 1,100 | 1,024 | ||
Sherwin-Williams Co. | 4.000% | 12/15/42 | 337 | 347 | ||
Sherwin-Williams Co. | 4.550% | 8/1/45 | 1,206 | 1,321 | ||
Sherwin-Williams Co. | 4.500% | 6/1/47 | 2,940 | 3,216 | ||
Sherwin-Williams Co. | 3.800% | 8/15/49 | 1,456 | 1,450 | ||
Sherwin-Williams Co. | 3.300% | 5/15/50 | 1,112 | 1,022 | ||
Sherwin-Williams Co. | 2.900% | 3/15/52 | 770 | 660 | ||
Sonoco Products Co. | 5.750% | 11/1/40 | 1,000 | 1,248 | ||
Southern Copper Corp. | 7.500% | 7/27/35 | 2,763 | 3,656 | ||
Southern Copper Corp. | 6.750% | 4/16/40 | 2,314 | 3,001 | ||
Southern Copper Corp. | 5.250% | 11/8/42 | 3,284 | 3,825 | ||
Southern Copper Corp. | 5.875% | 4/23/45 | 1,992 | 2,490 | ||
Steel Dynamics Inc. | 3.250% | 10/15/50 | 1,600 | 1,421 | ||
Teck Resources Ltd. | 6.125% | 10/1/35 | 1,467 | 1,777 | ||
Teck Resources Ltd. | 6.000% | 8/15/40 | 660 | 781 | ||
Teck Resources Ltd. | 6.250% | 7/15/41 | 945 | 1,144 | ||
Teck Resources Ltd. | 5.200% | 3/1/42 | 1,315 | 1,425 | ||
Teck Resources Ltd. | 5.400% | 2/1/43 | 840 | 930 | ||
Vale Overseas Ltd. | 8.250% | 1/17/34 | 1,794 | 2,365 | ||
Vale Overseas Ltd. | 6.875% | 11/21/36 | 3,606 | 4,420 | ||
Vale Overseas Ltd. | 6.875% | 11/10/39 | 2,288 | 2,831 | ||
Vale SA | 5.625% | 9/11/42 | 1,000 | 1,104 | ||
Vulcan Materials Co. | 4.500% | 6/15/47 | 1,634 | 1,800 | ||
Vulcan Materials Co. | 4.700% | 3/1/48 | 710 | 804 | ||
Westlake Corp. | 2.875% | 8/15/41 | 1,105 | 963 | ||
Westlake Corp. | 5.000% | 8/15/46 | 1,943 | 2,209 | ||
Westlake Corp. | 4.375% | 11/15/47 | 488 | 516 | ||
Westlake Corp. | 3.125% | 8/15/51 | 1,475 | 1,264 | ||
Westlake Corp. | 3.375% | 8/15/61 | 818 | 685 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
WRKCo Inc. | 4.200% | 6/1/32 | 431 | 462 | ||
WRKCo Inc. | 3.000% | 6/15/33 | 1,689 | 1,632 | ||
205,311 | ||||||
Real Estate (1.7%) | ||||||
Agree LP | 2.600% | 6/15/33 | 750 | 689 | ||
Alexandria Real Estate Equities Inc. | 2.000% | 5/18/32 | 717 | 649 | ||
Alexandria Real Estate Equities Inc. | 1.875% | 2/1/33 | 1,441 | 1,271 | ||
Alexandria Real Estate Equities Inc. | 2.950% | 3/15/34 | 500 | 489 | ||
Alexandria Real Estate Equities Inc. | 4.850% | 4/15/49 | 2,485 | 2,898 | ||
Alexandria Real Estate Equities Inc. | 4.000% | 2/1/50 | 679 | 704 | ||
Alexandria Real Estate Equities Inc. | 3.000% | 5/18/51 | 2,559 | 2,248 | ||
Alexandria Real Estate Equities Inc. | 3.550% | 3/15/52 | 1,000 | 963 | ||
American Homes 4 Rent LP | 3.375% | 7/15/51 | 706 | 605 | ||
American Tower Corp. | 3.700% | 10/15/49 | 1,911 | 1,782 | ||
American Tower Corp. | 3.100% | 6/15/50 | 2,085 | 1,749 | ||
American Tower Corp. | 2.950% | 1/15/51 | 2,025 | 1,658 | ||
1 | AvalonBay Communities Inc. | 3.900% | 10/15/46 | 1,935 | 2,082 | |
1 | AvalonBay Communities Inc. | 4.350% | 4/15/48 | 340 | 390 | |
Boston Properties LP | 2.550% | 4/1/32 | 514 | 480 | ||
Boston Properties LP | 2.450% | 10/1/33 | 2,245 | 2,043 | ||
Camden Property Trust | 3.350% | 11/1/49 | 1,440 | 1,418 | ||
Corporate Office Properties LP | 2.900% | 12/1/33 | 675 | 624 | ||
Crown Castle International Corp. | 2.900% | 4/1/41 | 2,235 | 1,923 | ||
Crown Castle International Corp. | 4.750% | 5/15/47 | 1,133 | 1,244 | ||
Crown Castle International Corp. | 5.200% | 2/15/49 | 1,199 | 1,383 | ||
Crown Castle International Corp. | 4.000% | 11/15/49 | 857 | 840 | ||
Crown Castle International Corp. | 4.150% | 7/1/50 | 1,092 | 1,088 | ||
Crown Castle International Corp. | 3.250% | 1/15/51 | 2,534 | 2,190 | ||
Duke Realty LP | 3.050% | 3/1/50 | 740 | 652 | ||
Equinix Inc. | 3.000% | 7/15/50 | 1,562 | 1,304 | ||
Equinix Inc. | 2.950% | 9/15/51 | 1,277 | 1,049 | ||
Equinix Inc. | 3.400% | 2/15/52 | 575 | 518 | ||
ERP Operating LP | 4.500% | 7/1/44 | 655 | 755 | ||
ERP Operating LP | 4.500% | 6/1/45 | 921 | 1,065 | ||
ERP Operating LP | 4.000% | 8/1/47 | 488 | 532 | ||
Essex Portfolio LP | 1.650% | 1/15/31 | 303 | 269 | ||
Essex Portfolio LP | 2.650% | 3/15/32 | 640 | 609 | ||
Essex Portfolio LP | 4.500% | 3/15/48 | 680 | 759 | ||
Essex Portfolio LP | 2.650% | 9/1/50 | 1,465 | 1,177 | ||
Extra Space Storage LP | 2.350% | 3/15/32 | 425 | 391 | ||
Federal Realty Investment Trust | 4.500% | 12/1/44 | 403 | 441 | ||
Healthpeak Properties Inc. | 6.750% | 2/1/41 | 421 | 586 | ||
Highwoods Realty LP | 2.600% | 2/1/31 | 222 | 210 | ||
Invitation Homes Operating Partnership LP | 2.700% | 1/15/34 | 895 | 818 | ||
Kilroy Realty LP | 2.500% | 11/15/32 | 952 | 874 | ||
Kilroy Realty LP | 2.650% | 11/15/33 | 1,080 | 984 | ||
Kimco Realty Corp. | 3.200% | 4/1/32 | 2,000 | 2,005 | ||
Kimco Realty Corp. | 4.250% | 4/1/45 | 548 | 575 | ||
Kimco Realty Corp. | 4.125% | 12/1/46 | 643 | 665 | ||
Kimco Realty Corp. | 4.450% | 9/1/47 | 530 | 581 | ||
Kimco Realty Corp. | 3.700% | 10/1/49 | 955 | 926 | ||
Mid-America Apartments LP | 2.875% | 9/15/51 | 700 | 614 | ||
National Retail Properties Inc. | 4.800% | 10/15/48 | 2,296 | 2,630 | ||
National Retail Properties Inc. | 3.100% | 4/15/50 | 925 | 804 | ||
National Retail Properties Inc. | 3.000% | 4/15/52 | 707 | 582 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Omega Healthcare Investors Inc. | 3.250% | 4/15/33 | 581 | 533 | ||
Piedmont Operating Partnership LP | 2.750% | 4/1/32 | 725 | 671 | ||
Prologis LP | 4.375% | 9/15/48 | 1,325 | 1,504 | ||
Prologis LP | 3.000% | 4/15/50 | 1,270 | 1,168 | ||
Prologis LP | 2.125% | 10/15/50 | 959 | 738 | ||
Realty Income Corp. | 2.850% | 12/15/32 | 1,584 | 1,545 | ||
Realty Income Corp. | 1.800% | 3/15/33 | 1,068 | 932 | ||
Realty Income Corp. | 4.650% | 3/15/47 | 920 | 1,068 | ||
Regency Centers LP | 4.400% | 2/1/47 | 645 | 688 | ||
Regency Centers LP | 4.650% | 3/15/49 | 985 | 1,106 | ||
Simon Property Group LP | 6.750% | 2/1/40 | 1,150 | 1,565 | ||
Simon Property Group LP | 4.750% | 3/15/42 | 1,900 | 2,135 | ||
Simon Property Group LP | 4.250% | 10/1/44 | 2,128 | 2,269 | ||
Simon Property Group LP | 4.250% | 11/30/46 | 577 | 624 | ||
Simon Property Group LP | 3.250% | 9/13/49 | 987 | 909 | ||
Simon Property Group LP | 3.800% | 7/15/50 | 2,276 | 2,302 | ||
1 | UDR Inc. | 2.100% | 8/1/32 | 290 | 263 | |
1 | UDR Inc. | 1.900% | 3/15/33 | 575 | 501 | |
1 | UDR Inc. | 2.100% | 6/15/33 | 895 | 798 | |
UDR Inc. | 3.100% | 11/1/34 | 1,085 | 1,051 | ||
Ventas Realty LP | 5.700% | 9/30/43 | 819 | 1,015 | ||
Ventas Realty LP | 4.375% | 2/1/45 | 388 | 407 | ||
Ventas Realty LP | 4.875% | 4/15/49 | 817 | 939 | ||
Welltower Inc. | 6.500% | 3/15/41 | 1,105 | 1,478 | ||
Welltower Inc. | 4.950% | 9/1/48 | 840 | 991 | ||
Weyerhaeuser Co. | 7.375% | 3/15/32 | 3,059 | 4,113 | ||
Weyerhaeuser Co. | 4.000% | 3/9/52 | 900 | 913 | ||
WP Carey Inc. | 2.250% | 4/1/33 | 1,600 | 1,426 | ||
87,437 | ||||||
Technology (8.6%) | ||||||
Analog Devices Inc. | 2.800% | 10/1/41 | 2,455 | 2,259 | ||
Analog Devices Inc. | 2.950% | 10/1/51 | 2,364 | 2,163 | ||
Apple Inc. | 4.500% | 2/23/36 | 2,511 | 2,948 | ||
Apple Inc. | 2.375% | 2/8/41 | 2,855 | 2,540 | ||
Apple Inc. | 3.850% | 5/4/43 | 6,907 | 7,430 | ||
Apple Inc. | 4.450% | 5/6/44 | 2,028 | 2,368 | ||
Apple Inc. | 3.450% | 2/9/45 | 5,264 | 5,380 | ||
Apple Inc. | 4.375% | 5/13/45 | 4,395 | 5,096 | ||
Apple Inc. | 4.650% | 2/23/46 | 9,449 | 11,473 | ||
Apple Inc. | 3.850% | 8/4/46 | 4,185 | 4,527 | ||
Apple Inc. | 4.250% | 2/9/47 | 954 | 1,096 | ||
Apple Inc. | 3.750% | 9/12/47 | 2,113 | 2,253 | ||
Apple Inc. | 3.750% | 11/13/47 | 3,702 | 3,959 | ||
Apple Inc. | 2.950% | 9/11/49 | 2,595 | 2,441 | ||
Apple Inc. | 2.650% | 5/11/50 | 5,607 | 4,992 | ||
Apple Inc. | 2.400% | 8/20/50 | 4,173 | 3,531 | ||
Apple Inc. | 2.650% | 2/8/51 | 6,315 | 5,618 | ||
Apple Inc. | 2.700% | 8/5/51 | 3,692 | 3,300 | ||
Apple Inc. | 2.550% | 8/20/60 | 2,869 | 2,387 | ||
Apple Inc. | 2.800% | 2/8/61 | 3,337 | 2,938 | ||
Apple Inc. | 2.850% | 8/5/61 | 3,070 | 2,727 | ||
Applied Materials Inc. | 5.100% | 10/1/35 | 398 | 484 | ||
Applied Materials Inc. | 5.850% | 6/15/41 | 1,796 | 2,392 | ||
Applied Materials Inc. | 4.350% | 4/1/47 | 1,909 | 2,188 | ||
Applied Materials Inc. | 2.750% | 6/1/50 | 2,711 | 2,456 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Broadcom Inc. | 4.300% | 11/15/32 | 4,091 | 4,311 | ||
2 | Broadcom Inc. | 2.600% | 2/15/33 | 3,951 | 3,601 | |
2 | Broadcom Inc. | 3.419% | 4/15/33 | 5,272 | 5,146 | |
2 | Broadcom Inc. | 3.469% | 4/15/34 | 7,725 | 7,491 | |
2 | Broadcom Inc. | 3.137% | 11/15/35 | 6,995 | 6,482 | |
2 | Broadcom Inc. | 3.187% | 11/15/36 | 5,055 | 4,692 | |
2 | Broadcom Inc. | 3.500% | 2/15/41 | 6,347 | 5,865 | |
2 | Broadcom Inc. | 3.750% | 2/15/51 | 3,370 | 3,148 | |
Cisco Systems Inc. | 5.900% | 2/15/39 | 3,712 | 4,931 | ||
Cisco Systems Inc. | 5.500% | 1/15/40 | 4,098 | 5,276 | ||
Corning Inc. | 4.700% | 3/15/37 | 1,035 | 1,161 | ||
Corning Inc. | 5.750% | 8/15/40 | 794 | 999 | ||
Corning Inc. | 4.750% | 3/15/42 | 407 | 468 | ||
Corning Inc. | 5.350% | 11/15/48 | 694 | 866 | ||
Corning Inc. | 3.900% | 11/15/49 | 580 | 586 | ||
Corning Inc. | 4.375% | 11/15/57 | 2,520 | 2,653 | ||
Corning Inc. | 5.850% | 11/15/68 | 1,012 | 1,304 | ||
Corning Inc. | 5.450% | 11/15/79 | 2,305 | 2,668 | ||
Dell Inc. | 6.500% | 4/15/38 | 1,435 | 1,654 | ||
Dell International LLC | 8.100% | 7/15/36 | 2,091 | 2,894 | ||
2 | Dell International LLC | 3.375% | 12/15/41 | 2,030 | 1,790 | |
Dell International LLC | 8.350% | 7/15/46 | 1,031 | 1,569 | ||
2 | Dell International LLC | 3.450% | 12/15/51 | 3,310 | 2,798 | |
Fidelity National Information Services Inc. | 3.100% | 3/1/41 | 1,945 | 1,749 | ||
Fidelity National Information Services Inc. | 4.500% | 8/15/46 | 818 | 900 | ||
Fiserv Inc. | 4.400% | 7/1/49 | 4,963 | 5,288 | ||
Hewlett Packard Enterprise Co. | 6.200% | 10/15/35 | 1,886 | 2,257 | ||
Hewlett Packard Enterprise Co. | 6.350% | 10/15/45 | 1,946 | 2,323 | ||
HP Inc. | 6.000% | 9/15/41 | 3,164 | 3,794 | ||
Intel Corp. | 4.000% | 12/15/32 | 1,697 | 1,869 | ||
Intel Corp. | 4.600% | 3/25/40 | 2,325 | 2,631 | ||
Intel Corp. | 2.800% | 8/12/41 | 670 | 604 | ||
Intel Corp. | 4.800% | 10/1/41 | 1,538 | 1,810 | ||
Intel Corp. | 4.250% | 12/15/42 | 1,332 | 1,461 | ||
Intel Corp. | 4.900% | 7/29/45 | 1,419 | 1,685 | ||
Intel Corp. | 4.100% | 5/19/46 | 2,223 | 2,376 | ||
Intel Corp. | 4.100% | 5/11/47 | 2,410 | 2,572 | ||
Intel Corp. | 3.734% | 12/8/47 | 4,048 | 4,094 | ||
Intel Corp. | 3.250% | 11/15/49 | 5,112 | 4,774 | ||
Intel Corp. | 4.750% | 3/25/50 | 4,300 | 5,048 | ||
Intel Corp. | 3.050% | 8/12/51 | 3,384 | 3,058 | ||
Intel Corp. | 3.100% | 2/15/60 | 1,120 | 980 | ||
Intel Corp. | 4.950% | 3/25/60 | 1,690 | 2,072 | ||
Intel Corp. | 3.200% | 8/12/61 | 1,960 | 1,738 | ||
International Business Machines Corp. | 5.875% | 11/29/32 | 1,075 | 1,348 | ||
International Business Machines Corp. | 4.150% | 5/15/39 | 4,489 | 4,802 | ||
International Business Machines Corp. | 5.600% | 11/30/39 | 775 | 978 | ||
International Business Machines Corp. | 2.850% | 5/15/40 | 2,030 | 1,849 | ||
International Business Machines Corp. | 4.000% | 6/20/42 | 1,986 | 2,091 | ||
International Business Machines Corp. | 4.700% | 2/19/46 | 2,330 | 2,723 | ||
International Business Machines Corp. | 4.250% | 5/15/49 | 5,755 | 6,323 | ||
International Business Machines Corp. | 2.950% | 5/15/50 | 830 | 745 | ||
International Business Machines Corp. | 7.125% | 12/1/96 | 475 | 781 | ||
Juniper Networks Inc. | 5.950% | 3/15/41 | 1,718 | 2,068 | ||
KLA Corp. | 5.000% | 3/15/49 | 980 | 1,181 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
KLA Corp. | 3.300% | 3/1/50 | 2,074 | 1,960 | ||
2 | Kyndryl Holdings Inc. | 4.100% | 10/15/41 | 1,200 | 1,021 | |
Lam Research Corp. | 4.875% | 3/15/49 | 1,537 | 1,862 | ||
Lam Research Corp. | 2.875% | 6/15/50 | 1,390 | 1,242 | ||
Lam Research Corp. | 3.125% | 6/15/60 | 1,582 | 1,428 | ||
Micron Technology Inc. | 2.703% | 4/15/32 | 2,100 | 1,963 | ||
Micron Technology Inc. | 3.366% | 11/1/41 | 1,000 | 907 | ||
Micron Technology Inc. | 3.477% | 11/1/51 | 1,500 | 1,329 | ||
Microsoft Corp. | 3.500% | 2/12/35 | 3,086 | 3,333 | ||
Microsoft Corp. | 4.200% | 11/3/35 | 1,762 | 2,030 | ||
Microsoft Corp. | 3.450% | 8/8/36 | 4,979 | 5,345 | ||
Microsoft Corp. | 4.100% | 2/6/37 | 2,931 | 3,354 | ||
Microsoft Corp. | 4.500% | 10/1/40 | 1,095 | 1,316 | ||
Microsoft Corp. | 5.300% | 2/8/41 | 1,285 | 1,682 | ||
Microsoft Corp. | 3.500% | 11/15/42 | 1,040 | 1,097 | ||
Microsoft Corp. | 3.750% | 2/12/45 | 1,447 | 1,562 | ||
Microsoft Corp. | 3.700% | 8/8/46 | 7,131 | 7,714 | ||
Microsoft Corp. | 4.250% | 2/6/47 | 1,380 | 1,628 | ||
Microsoft Corp. | 2.525% | 6/1/50 | 14,465 | 12,847 | ||
Microsoft Corp. | 2.921% | 3/17/52 | 15,569 | 14,877 | ||
Microsoft Corp. | 3.950% | 8/8/56 | 1,240 | 1,395 | ||
Microsoft Corp. | 2.675% | 6/1/60 | 4,771 | 4,206 | ||
Microsoft Corp. | 3.041% | 3/17/62 | 6,705 | 6,415 | ||
Moody's Corp. | 2.750% | 8/19/41 | 670 | 585 | ||
Moody's Corp. | 5.250% | 7/15/44 | 883 | 1,066 | ||
Moody's Corp. | 4.875% | 12/17/48 | 1,541 | 1,814 | ||
Moody's Corp. | 3.250% | 5/20/50 | 1,299 | 1,183 | ||
Moody's Corp. | 2.550% | 8/18/60 | 935 | 708 | ||
Moody's Corp. | 3.100% | 11/29/61 | 1,550 | 1,319 | ||
Motorola Solutions Inc. | 5.500% | 9/1/44 | 1,049 | 1,218 | ||
NVIDIA Corp. | 3.500% | 4/1/40 | 3,041 | 3,124 | ||
NVIDIA Corp. | 3.500% | 4/1/50 | 2,692 | 2,760 | ||
NVIDIA Corp. | 3.700% | 4/1/60 | 2,135 | 2,230 | ||
2 | NXP BV | 3.250% | 5/11/41 | 2,050 | 1,877 | |
2 | NXP BV | 3.125% | 2/15/42 | 1,030 | 929 | |
2 | NXP BV | 3.250% | 11/30/51 | 1,100 | 966 | |
Oracle Corp. | 4.300% | 7/8/34 | 4,286 | 4,423 | ||
Oracle Corp. | 3.900% | 5/15/35 | 2,584 | 2,531 | ||
Oracle Corp. | 3.850% | 7/15/36 | 2,801 | 2,705 | ||
Oracle Corp. | 3.800% | 11/15/37 | 3,990 | 3,794 | ||
Oracle Corp. | 6.500% | 4/15/38 | 1,681 | 2,080 | ||
Oracle Corp. | 6.125% | 7/8/39 | 923 | 1,106 | ||
Oracle Corp. | 3.600% | 4/1/40 | 8,100 | 7,332 | ||
Oracle Corp. | 5.375% | 7/15/40 | 3,550 | 3,895 | ||
Oracle Corp. | 3.650% | 3/25/41 | 5,420 | 4,907 | ||
Oracle Corp. | 4.500% | 7/8/44 | 2,928 | 2,912 | ||
Oracle Corp. | 4.125% | 5/15/45 | 3,502 | 3,266 | ||
Oracle Corp. | 4.000% | 7/15/46 | 6,363 | 5,847 | ||
Oracle Corp. | 4.000% | 11/15/47 | 2,640 | 2,418 | ||
Oracle Corp. | 3.600% | 4/1/50 | 10,908 | 9,473 | ||
Oracle Corp. | 3.950% | 3/25/51 | 6,990 | 6,411 | ||
Oracle Corp. | 4.375% | 5/15/55 | 3,386 | 3,220 | ||
Oracle Corp. | 3.850% | 4/1/60 | 7,996 | 6,891 | ||
Oracle Corp. | 4.100% | 3/25/61 | 3,385 | 3,054 | ||
QUALCOMM Inc. | 1.650% | 5/20/32 | 1,272 | 1,146 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
QUALCOMM Inc. | 4.650% | 5/20/35 | 3,336 | 3,884 | ||
QUALCOMM Inc. | 4.800% | 5/20/45 | 4,283 | 5,103 | ||
QUALCOMM Inc. | 4.300% | 5/20/47 | 2,000 | 2,261 | ||
QUALCOMM Inc. | 3.250% | 5/20/50 | 2,304 | 2,259 | ||
Quanta Services Inc. | 3.050% | 10/1/41 | 1,200 | 1,045 | ||
S&P Global Inc. | 3.250% | 12/1/49 | 1,509 | 1,447 | ||
S&P Global Inc. | 2.300% | 8/15/60 | 1,230 | 925 | ||
salesforce.com Inc. | 2.700% | 7/15/41 | 3,320 | 3,030 | ||
salesforce.com Inc. | 2.900% | 7/15/51 | 4,925 | 4,491 | ||
salesforce.com Inc. | 3.050% | 7/15/61 | 3,055 | 2,757 | ||
Texas Instruments Inc. | 3.875% | 3/15/39 | 2,834 | 3,089 | ||
Texas Instruments Inc. | 4.150% | 5/15/48 | 2,917 | 3,315 | ||
Texas Instruments Inc. | 2.700% | 9/15/51 | 1,247 | 1,126 | ||
TSMC Arizona Corp. | 3.125% | 10/25/41 | 2,330 | 2,210 | ||
TSMC Arizona Corp. | 3.250% | 10/25/51 | 1,960 | 1,869 | ||
Verisk Analytics Inc. | 5.500% | 6/15/45 | 1,271 | 1,581 | ||
Verisk Analytics Inc. | 3.625% | 5/15/50 | 1,521 | 1,467 | ||
458,833 | ||||||
Utilities (11.8%) | ||||||
AEP Texas Inc. | 3.800% | 10/1/47 | 569 | 548 | ||
1 | AEP Texas Inc. | 3.450% | 1/15/50 | 1,570 | 1,447 | |
AEP Transmission Co. LLC | 4.000% | 12/1/46 | 845 | 886 | ||
AEP Transmission Co. LLC | 3.750% | 12/1/47 | 437 | 443 | ||
AEP Transmission Co. LLC | 4.250% | 9/15/48 | 1,060 | 1,150 | ||
AEP Transmission Co. LLC | 3.800% | 6/15/49 | 1,316 | 1,333 | ||
1 | AEP Transmission Co. LLC | 3.650% | 4/1/50 | 990 | 979 | |
1 | AEP Transmission Co. LLC | 2.750% | 8/15/51 | 815 | 692 | |
Alabama Power Co. | 6.125% | 5/15/38 | 687 | 887 | ||
Alabama Power Co. | 6.000% | 3/1/39 | 444 | 572 | ||
Alabama Power Co. | 3.850% | 12/1/42 | 1,928 | 1,938 | ||
Alabama Power Co. | 4.150% | 8/15/44 | 1,944 | 2,056 | ||
Alabama Power Co. | 3.750% | 3/1/45 | 2,343 | 2,324 | ||
Alabama Power Co. | 4.300% | 1/2/46 | 1,191 | 1,278 | ||
1 | Alabama Power Co. | 3.700% | 12/1/47 | 1,099 | 1,092 | |
1 | Alabama Power Co. | 4.300% | 7/15/48 | 174 | 188 | |
Alabama Power Co. | 3.450% | 10/1/49 | 1,095 | 1,042 | ||
Alabama Power Co. | 3.125% | 7/15/51 | 1,360 | 1,227 | ||
Alabama Power Co. | 3.000% | 3/15/52 | 1,995 | 1,766 | ||
Ameren Illinois Co. | 4.150% | 3/15/46 | 1,517 | 1,661 | ||
Ameren Illinois Co. | 3.700% | 12/1/47 | 1,552 | 1,590 | ||
Ameren Illinois Co. | 4.500% | 3/15/49 | 690 | 793 | ||
Ameren Illinois Co. | 3.250% | 3/15/50 | 1,073 | 1,020 | ||
Ameren Illinois Co. | 2.900% | 6/15/51 | 950 | 855 | ||
American Electric Power Co. Inc. | 3.250% | 3/1/50 | 1,002 | 884 | ||
American Water Capital Corp. | 6.593% | 10/15/37 | 558 | 754 | ||
American Water Capital Corp. | 4.300% | 12/1/42 | 755 | 814 | ||
American Water Capital Corp. | 4.300% | 9/1/45 | 1,469 | 1,569 | ||
American Water Capital Corp. | 4.000% | 12/1/46 | 1,223 | 1,265 | ||
American Water Capital Corp. | 3.750% | 9/1/47 | 1,167 | 1,163 | ||
American Water Capital Corp. | 4.200% | 9/1/48 | 2,025 | 2,140 | ||
American Water Capital Corp. | 4.150% | 6/1/49 | 1,215 | 1,270 | ||
American Water Capital Corp. | 3.450% | 5/1/50 | 1,615 | 1,543 | ||
American Water Capital Corp. | 3.250% | 6/1/51 | 890 | 825 | ||
Appalachian Power Co. | 7.000% | 4/1/38 | 674 | 901 | ||
Appalachian Power Co. | 4.400% | 5/15/44 | 928 | 977 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Appalachian Power Co. | 4.450% | 6/1/45 | 534 | 565 | ||
1 | Appalachian Power Co. | 4.500% | 3/1/49 | 1,521 | 1,633 | |
1 | Appalachian Power Co. | 3.700% | 5/1/50 | 1,493 | 1,443 | |
Arizona Public Service Co. | 5.050% | 9/1/41 | 957 | 1,072 | ||
Arizona Public Service Co. | 4.500% | 4/1/42 | 1,496 | 1,613 | ||
Arizona Public Service Co. | 4.350% | 11/15/45 | 485 | 506 | ||
Arizona Public Service Co. | 3.750% | 5/15/46 | 700 | 686 | ||
Arizona Public Service Co. | 4.200% | 8/15/48 | 1,257 | 1,290 | ||
Arizona Public Service Co. | 4.250% | 3/1/49 | 1,186 | 1,239 | ||
Arizona Public Service Co. | 3.500% | 12/1/49 | 338 | 313 | ||
Arizona Public Service Co. | 3.350% | 5/15/50 | 285 | 257 | ||
Arizona Public Service Co. | 2.650% | 9/15/50 | 460 | 370 | ||
Atmos Energy Corp. | 5.500% | 6/15/41 | 440 | 530 | ||
Atmos Energy Corp. | 4.150% | 1/15/43 | 918 | 958 | ||
Atmos Energy Corp. | 4.125% | 10/15/44 | 328 | 343 | ||
Atmos Energy Corp. | 4.300% | 10/1/48 | 275 | 299 | ||
Atmos Energy Corp. | 4.125% | 3/15/49 | 1,542 | 1,655 | ||
Atmos Energy Corp. | 3.375% | 9/15/49 | 2,641 | 2,506 | ||
Atmos Energy Corp. | 2.850% | 2/15/52 | 2,025 | 1,752 | ||
Avista Corp. | 4.350% | 6/1/48 | 598 | 665 | ||
Baltimore Gas & Electric Co. | 6.350% | 10/1/36 | 1,130 | 1,520 | ||
Baltimore Gas & Electric Co. | 3.500% | 8/15/46 | 835 | 819 | ||
1 | Baltimore Gas & Electric Co. | 3.750% | 8/15/47 | 2,000 | 2,040 | |
Baltimore Gas & Electric Co. | 4.250% | 9/15/48 | 862 | 947 | ||
Baltimore Gas & Electric Co. | 3.200% | 9/15/49 | 635 | 594 | ||
Baltimore Gas & Electric Co. | 2.900% | 6/15/50 | 1,670 | 1,487 | ||
Berkshire Hathaway Energy Co. | 6.125% | 4/1/36 | 1,615 | 2,060 | ||
Berkshire Hathaway Energy Co. | 5.950% | 5/15/37 | 720 | 915 | ||
Berkshire Hathaway Energy Co. | 5.150% | 11/15/43 | 552 | 640 | ||
Berkshire Hathaway Energy Co. | 4.500% | 2/1/45 | 2,083 | 2,275 | ||
Berkshire Hathaway Energy Co. | 3.800% | 7/15/48 | 1,045 | 1,046 | ||
Berkshire Hathaway Energy Co. | 4.450% | 1/15/49 | 670 | 736 | ||
Berkshire Hathaway Energy Co. | 4.250% | 10/15/50 | 2,695 | 2,908 | ||
Berkshire Hathaway Energy Co. | 2.850% | 5/15/51 | 440 | 374 | ||
Black Hills Corp. | 4.350% | 5/1/33 | 413 | 441 | ||
Black Hills Corp. | 4.200% | 9/15/46 | 746 | 763 | ||
Black Hills Corp. | 3.875% | 10/15/49 | 1,162 | 1,129 | ||
1 | CenterPoint Energy Houston Electric LLC | 6.950% | 3/15/33 | 415 | 552 | |
CenterPoint Energy Houston Electric LLC | 3.550% | 8/1/42 | 952 | 957 | ||
CenterPoint Energy Houston Electric LLC | 4.500% | 4/1/44 | 439 | 497 | ||
CenterPoint Energy Houston Electric LLC | 3.950% | 3/1/48 | 1,010 | 1,075 | ||
1 | CenterPoint Energy Houston Electric LLC | 4.250% | 2/1/49 | 1,556 | 1,738 | |
1 | CenterPoint Energy Houston Electric LLC | 2.900% | 7/1/50 | 1,462 | 1,311 | |
1 | CenterPoint Energy Houston Electric LLC | 3.350% | 4/1/51 | 1,590 | 1,546 | |
CenterPoint Energy Inc. | 3.700% | 9/1/49 | 2,825 | 2,774 | ||
CenterPoint Energy Resources Corp. | 5.850% | 1/15/41 | 616 | 768 | ||
CenterPoint Energy Resources Corp. | 4.100% | 9/1/47 | 844 | 876 | ||
Cleco Corporate Holdings LLC | 4.973% | 5/1/46 | 765 | 839 | ||
Cleveland Electric Illuminating Co. | 5.950% | 12/15/36 | 1,000 | 1,259 | ||
CMS Energy Corp. | 4.875% | 3/1/44 | 717 | 823 | ||
Commonwealth Edison Co. | 5.900% | 3/15/36 | 300 | 384 | ||
Commonwealth Edison Co. | 6.450% | 1/15/38 | 540 | 724 | ||
Commonwealth Edison Co. | 4.600% | 8/15/43 | 866 | 984 | ||
Commonwealth Edison Co. | 4.700% | 1/15/44 | 896 | 1,033 | ||
Commonwealth Edison Co. | 3.700% | 3/1/45 | 1,272 | 1,281 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Commonwealth Edison Co. | 4.350% | 11/15/45 | 1,138 | 1,243 | ||
Commonwealth Edison Co. | 3.650% | 6/15/46 | 898 | 903 | ||
1 | Commonwealth Edison Co. | 3.750% | 8/15/47 | 2,310 | 2,344 | |
Commonwealth Edison Co. | 4.000% | 3/1/48 | 395 | 423 | ||
Commonwealth Edison Co. | 4.000% | 3/1/49 | 1,490 | 1,587 | ||
1 | Commonwealth Edison Co. | 3.200% | 11/15/49 | 780 | 729 | |
Commonwealth Edison Co. | 3.000% | 3/1/50 | 1,145 | 1,036 | ||
1 | Commonwealth Edison Co. | 3.125% | 3/15/51 | 960 | 887 | |
1 | Commonwealth Edison Co. | 2.750% | 9/1/51 | 700 | 607 | |
Connecticut Light & Power Co. | 4.300% | 4/15/44 | 1,209 | 1,333 | ||
1 | Connecticut Light & Power Co. | 4.150% | 6/1/45 | 437 | 472 | |
Connecticut Light & Power Co. | 4.000% | 4/1/48 | 1,275 | 1,366 | ||
1 | Consolidated Edison Co. of New York Inc. | 5.300% | 3/1/35 | 679 | 796 | |
1 | Consolidated Edison Co. of New York Inc. | 5.850% | 3/15/36 | 998 | 1,223 | |
1 | Consolidated Edison Co. of New York Inc. | 6.200% | 6/15/36 | 845 | 1,066 | |
1 | Consolidated Edison Co. of New York Inc. | 6.300% | 8/15/37 | 405 | 523 | |
1 | Consolidated Edison Co. of New York Inc. | 6.750% | 4/1/38 | 1,364 | 1,841 | |
Consolidated Edison Co. of New York Inc. | 5.700% | 6/15/40 | 2,008 | 2,446 | ||
1 | Consolidated Edison Co. of New York Inc. | 4.200% | 3/15/42 | 2,046 | 2,130 | |
Consolidated Edison Co. of New York Inc. | 3.950% | 3/1/43 | 762 | 762 | ||
Consolidated Edison Co. of New York Inc. | 4.450% | 3/15/44 | 2,678 | 2,883 | ||
Consolidated Edison Co. of New York Inc. | 4.500% | 12/1/45 | 2,304 | 2,476 | ||
Consolidated Edison Co. of New York Inc. | 3.850% | 6/15/46 | 963 | 957 | ||
1 | Consolidated Edison Co. of New York Inc. | 3.875% | 6/15/47 | 1,942 | 1,938 | |
1 | Consolidated Edison Co. of New York Inc. | 4.650% | 12/1/48 | 895 | 994 | |
1 | Consolidated Edison Co. of New York Inc. | 3.950% | 4/1/50 | 850 | 872 | |
Consolidated Edison Co. of New York Inc. | 3.200% | 12/1/51 | 1,975 | 1,764 | ||
Consolidated Edison Co. of New York Inc. | 4.625% | 12/1/54 | 390 | 432 | ||
1 | Consolidated Edison Co. of New York Inc. | 4.300% | 12/1/56 | 475 | 502 | |
1 | Consolidated Edison Co. of New York Inc. | 4.000% | 11/15/57 | 1,385 | 1,389 | |
Consolidated Edison Co. of New York Inc. | 4.500% | 5/15/58 | 1,177 | 1,282 | ||
Consolidated Edison Co. of New York Inc. | 3.700% | 11/15/59 | 1,465 | 1,382 | ||
1 | Consolidated Edison Co. of New York Inc. | 3.000% | 12/1/60 | 680 | 563 | |
Consolidated Edison Co. of New York Inc. | 3.600% | 6/15/61 | 2,175 | 2,036 | ||
Constellation Energy Generation LLC | 6.250% | 10/1/39 | 1,550 | 1,807 | ||
Constellation Energy Generation LLC | 5.750% | 10/1/41 | 1,662 | 1,877 | ||
Constellation Energy Generation LLC | 5.600% | 6/15/42 | 1,316 | 1,445 | ||
Consumers Energy Co. | 3.250% | 8/15/46 | 1,256 | 1,207 | ||
Consumers Energy Co. | 3.950% | 7/15/47 | 900 | 952 | ||
Consumers Energy Co. | 4.050% | 5/15/48 | 356 | 384 | ||
Consumers Energy Co. | 4.350% | 4/15/49 | 963 | 1,090 | ||
Consumers Energy Co. | 3.750% | 2/15/50 | 1,020 | 1,056 | ||
Consumers Energy Co. | 3.100% | 8/15/50 | 1,099 | 1,036 | ||
Consumers Energy Co. | 3.500% | 8/1/51 | 2,275 | 2,273 | ||
Consumers Energy Co. | 2.650% | 8/15/52 | 1,395 | 1,202 | ||
Consumers Energy Co. | 2.500% | 5/1/60 | 1,045 | 819 | ||
Dayton Power & Light Co. | 3.950% | 6/15/49 | 752 | 779 | ||
Delmarva Power & Light Co. | 4.150% | 5/15/45 | 1,671 | 1,772 | ||
1 | Dominion Energy Inc. | 6.300% | 3/15/33 | 785 | 974 | |
1 | Dominion Energy Inc. | 5.250% | 8/1/33 | 619 | 718 | |
1 | Dominion Energy Inc. | 5.950% | 6/15/35 | 484 | 593 | |
Dominion Energy Inc. | 7.000% | 6/15/38 | 685 | 934 | ||
1 | Dominion Energy Inc. | 3.300% | 4/15/41 | 1,890 | 1,766 | |
1 | Dominion Energy Inc. | 4.900% | 8/1/41 | 837 | 944 | |
1 | Dominion Energy Inc. | 4.050% | 9/15/42 | 959 | 976 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Dominion Energy Inc. | 4.700% | 12/1/44 | 1,411 | 1,588 | ||
1 | Dominion Energy Inc. | 4.600% | 3/15/49 | 640 | 711 | |
Dominion Energy South Carolina Inc. | 5.300% | 5/15/33 | 1,455 | 1,748 | ||
Dominion Energy South Carolina Inc. | 6.050% | 1/15/38 | 440 | 569 | ||
Dominion Energy South Carolina Inc. | 5.450% | 2/1/41 | 1,691 | 2,077 | ||
Dominion Energy South Carolina Inc. | 4.600% | 6/15/43 | 1,136 | 1,269 | ||
Dominion Energy South Carolina Inc. | 5.100% | 6/1/65 | 515 | 642 | ||
1 | DTE Electric Co. | 4.000% | 4/1/43 | 325 | 347 | |
DTE Electric Co. | 4.300% | 7/1/44 | 1,972 | 2,173 | ||
DTE Electric Co. | 3.700% | 3/15/45 | 1,464 | 1,495 | ||
DTE Electric Co. | 3.700% | 6/1/46 | 1,812 | 1,866 | ||
DTE Electric Co. | 3.750% | 8/15/47 | 1,310 | 1,349 | ||
1 | DTE Electric Co. | 4.050% | 5/15/48 | 505 | 545 | |
DTE Electric Co. | 3.950% | 3/1/49 | 575 | 612 | ||
DTE Electric Co. | 2.950% | 3/1/50 | 344 | 315 | ||
1 | DTE Electric Co. | 3.250% | 4/1/51 | 1,075 | 1,026 | |
Duke Energy Carolinas LLC | 6.450% | 10/15/32 | 768 | 968 | ||
Duke Energy Carolinas LLC | 6.100% | 6/1/37 | 1,411 | 1,787 | ||
Duke Energy Carolinas LLC | 6.000% | 1/15/38 | 306 | 391 | ||
Duke Energy Carolinas LLC | 6.050% | 4/15/38 | 1,085 | 1,402 | ||
Duke Energy Carolinas LLC | 5.300% | 2/15/40 | 1,188 | 1,439 | ||
Duke Energy Carolinas LLC | 4.250% | 12/15/41 | 951 | 1,020 | ||
Duke Energy Carolinas LLC | 4.000% | 9/30/42 | 1,290 | 1,352 | ||
Duke Energy Carolinas LLC | 3.750% | 6/1/45 | 150 | 150 | ||
Duke Energy Carolinas LLC | 3.875% | 3/15/46 | 1,715 | 1,771 | ||
Duke Energy Carolinas LLC | 3.700% | 12/1/47 | 1,605 | 1,615 | ||
Duke Energy Carolinas LLC | 3.950% | 3/15/48 | 881 | 917 | ||
Duke Energy Carolinas LLC | 3.200% | 8/15/49 | 958 | 899 | ||
Duke Energy Carolinas LLC | 3.450% | 4/15/51 | 1,580 | 1,552 | ||
Duke Energy Corp. | 3.300% | 6/15/41 | 2,640 | 2,429 | ||
Duke Energy Corp. | 3.750% | 9/1/46 | 2,104 | 2,009 | ||
Duke Energy Corp. | 3.950% | 8/15/47 | 1,127 | 1,108 | ||
Duke Energy Corp. | 4.200% | 6/15/49 | 1,255 | 1,291 | ||
Duke Energy Corp. | 3.500% | 6/15/51 | 1,525 | 1,401 | ||
Duke Energy Florida LLC | 6.350% | 9/15/37 | 2,311 | 3,068 | ||
Duke Energy Florida LLC | 6.400% | 6/15/38 | 341 | 456 | ||
Duke Energy Florida LLC | 5.650% | 4/1/40 | 1,165 | 1,440 | ||
Duke Energy Florida LLC | 3.850% | 11/15/42 | 875 | 897 | ||
Duke Energy Florida LLC | 3.400% | 10/1/46 | 1,506 | 1,444 | ||
Duke Energy Florida LLC | 4.200% | 7/15/48 | 1,396 | 1,526 | ||
Duke Energy Florida LLC | 3.000% | 12/15/51 | 310 | 280 | ||
Duke Energy Indiana LLC | 6.120% | 10/15/35 | 913 | 1,129 | ||
Duke Energy Indiana LLC | 6.350% | 8/15/38 | 1,851 | 2,392 | ||
Duke Energy Indiana LLC | 6.450% | 4/1/39 | 855 | 1,128 | ||
1 | Duke Energy Indiana LLC | 4.900% | 7/15/43 | 1,318 | 1,491 | |
Duke Energy Indiana LLC | 3.750% | 5/15/46 | 1,745 | 1,777 | ||
1 | Duke Energy Indiana LLC | 3.250% | 10/1/49 | 1,025 | 944 | |
Duke Energy Indiana LLC | 2.750% | 4/1/50 | 945 | 806 | ||
Duke Energy Ohio Inc. | 3.700% | 6/15/46 | 100 | 100 | ||
Duke Energy Ohio Inc. | 4.300% | 2/1/49 | 1,498 | 1,645 | ||
Duke Energy Progress LLC | 6.300% | 4/1/38 | 883 | 1,150 | ||
Duke Energy Progress LLC | 4.100% | 5/15/42 | 1,354 | 1,426 | ||
Duke Energy Progress LLC | 4.100% | 3/15/43 | 1,420 | 1,498 | ||
Duke Energy Progress LLC | 4.375% | 3/30/44 | 921 | 1,016 | ||
Duke Energy Progress LLC | 4.150% | 12/1/44 | 1,660 | 1,763 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Duke Energy Progress LLC | 4.200% | 8/15/45 | 698 | 748 | ||
Duke Energy Progress LLC | 3.700% | 10/15/46 | 1,795 | 1,803 | ||
Duke Energy Progress LLC | 3.600% | 9/15/47 | 1,265 | 1,253 | ||
Duke Energy Progress LLC | 2.500% | 8/15/50 | 150 | 124 | ||
Duke Energy Progress LLC | 2.900% | 8/15/51 | 1,675 | 1,508 | ||
1 | Duke Energy Progress NC Storm Funding LLC | 2.387% | 7/1/37 | 725 | 705 | |
El Paso Electric Co. | 6.000% | 5/15/35 | 944 | 1,177 | ||
El Paso Electric Co. | 5.000% | 12/1/44 | 588 | 660 | ||
Emera US Finance LP | 4.750% | 6/15/46 | 1,358 | 1,448 | ||
Entergy Arkansas LLC | 4.200% | 4/1/49 | 1,238 | 1,346 | ||
Entergy Arkansas LLC | 2.650% | 6/15/51 | 455 | 382 | ||
Entergy Arkansas LLC | 3.350% | 6/15/52 | 1,625 | 1,534 | ||
Entergy Corp. | 3.750% | 6/15/50 | 2,079 | 2,015 | ||
Entergy Louisiana LLC | 2.350% | 6/15/32 | 1,360 | 1,285 | ||
Entergy Louisiana LLC | 4.000% | 3/15/33 | 1,413 | 1,523 | ||
Entergy Louisiana LLC | 3.100% | 6/15/41 | 1,135 | 1,076 | ||
Entergy Louisiana LLC | 4.200% | 9/1/48 | 2,459 | 2,643 | ||
Entergy Louisiana LLC | 4.200% | 4/1/50 | 1,521 | 1,648 | ||
Entergy Louisiana LLC | 2.900% | 3/15/51 | 481 | 427 | ||
Entergy Mississippi LLC | 3.850% | 6/1/49 | 1,852 | 1,917 | ||
Entergy Texas Inc. | 3.550% | 9/30/49 | 1,395 | 1,324 | ||
Essential Utilities Inc. | 4.276% | 5/1/49 | 880 | 937 | ||
Essential Utilities Inc. | 3.351% | 4/15/50 | 956 | 881 | ||
Evergy Kansas Central Inc. | 4.125% | 3/1/42 | 1,043 | 1,099 | ||
Evergy Kansas Central Inc. | 4.100% | 4/1/43 | 1,264 | 1,336 | ||
Evergy Kansas Central Inc. | 4.250% | 12/1/45 | 1,214 | 1,296 | ||
Evergy Kansas Central Inc. | 3.450% | 4/15/50 | 733 | 704 | ||
Evergy Metro Inc. | 5.300% | 10/1/41 | 335 | 407 | ||
Evergy Metro Inc. | 4.200% | 6/15/47 | 1,660 | 1,807 | ||
Evergy Metro Inc. | 4.200% | 3/15/48 | 916 | 992 | ||
1 | Evergy Metro Inc. | 4.125% | 4/1/49 | 1,285 | 1,382 | |
Eversource Energy | 3.450% | 1/15/50 | 365 | 342 | ||
1 | Exelon Corp. | 4.950% | 6/15/35 | 1,435 | 1,607 | |
Exelon Corp. | 5.625% | 6/15/35 | 1,040 | 1,236 | ||
Exelon Corp. | 5.100% | 6/15/45 | 1,504 | 1,747 | ||
Exelon Corp. | 4.450% | 4/15/46 | 1,515 | 1,644 | ||
Exelon Corp. | 4.700% | 4/15/50 | 1,632 | 1,851 | ||
Florida Power & Light Co. | 5.625% | 4/1/34 | 419 | 522 | ||
Florida Power & Light Co. | 4.950% | 6/1/35 | 1,647 | 1,933 | ||
Florida Power & Light Co. | 5.650% | 2/1/37 | 958 | 1,207 | ||
Florida Power & Light Co. | 5.950% | 2/1/38 | 877 | 1,133 | ||
Florida Power & Light Co. | 5.960% | 4/1/39 | 595 | 780 | ||
Florida Power & Light Co. | 5.690% | 3/1/40 | 780 | 1,006 | ||
Florida Power & Light Co. | 5.250% | 2/1/41 | 1,799 | 2,195 | ||
Florida Power & Light Co. | 4.125% | 2/1/42 | 1,509 | 1,633 | ||
Florida Power & Light Co. | 4.050% | 6/1/42 | 984 | 1,051 | ||
Florida Power & Light Co. | 3.800% | 12/15/42 | 1,909 | 1,989 | ||
Florida Power & Light Co. | 4.050% | 10/1/44 | 2,072 | 2,251 | ||
Florida Power & Light Co. | 3.700% | 12/1/47 | 1,062 | 1,097 | ||
Florida Power & Light Co. | 3.950% | 3/1/48 | 1,999 | 2,163 | ||
Florida Power & Light Co. | 4.125% | 6/1/48 | 2,556 | 2,843 | ||
Florida Power & Light Co. | 3.990% | 3/1/49 | 200 | 217 | ||
Florida Power & Light Co. | 3.150% | 10/1/49 | 1,382 | 1,320 | ||
Florida Power & Light Co. | 2.875% | 12/4/51 | 2,332 | 2,124 | ||
1 | Georgia Power Co. | 4.750% | 9/1/40 | 1,526 | 1,660 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Georgia Power Co. | 4.300% | 3/15/42 | 2,393 | 2,499 | ||
Georgia Power Co. | 4.300% | 3/15/43 | 553 | 570 | ||
1 | Georgia Power Co. | 3.700% | 1/30/50 | 2,185 | 2,078 | |
1 | Georgia Power Co. | 3.250% | 3/15/51 | 375 | 335 | |
Iberdrola International BV | 6.750% | 7/15/36 | 1,315 | 1,798 | ||
1 | Idaho Power Co. | 4.200% | 3/1/48 | 950 | 1,059 | |
Indiana Michigan Power Co. | 6.050% | 3/15/37 | 1,588 | 2,039 | ||
1 | Indiana Michigan Power Co. | 4.550% | 3/15/46 | 933 | 1,032 | |
1 | Indiana Michigan Power Co. | 3.750% | 7/1/47 | 1,320 | 1,297 | |
Indiana Michigan Power Co. | 4.250% | 8/15/48 | 1,141 | 1,228 | ||
Indiana Michigan Power Co. | 3.250% | 5/1/51 | 1,265 | 1,165 | ||
Interstate Power & Light Co. | 6.250% | 7/15/39 | 254 | 338 | ||
Interstate Power & Light Co. | 3.700% | 9/15/46 | 419 | 432 | ||
Interstate Power & Light Co. | 3.500% | 9/30/49 | 525 | 511 | ||
Interstate Power & Light Co. | 3.100% | 11/30/51 | 675 | 608 | ||
ITC Holdings Corp. | 5.300% | 7/1/43 | 1,451 | 1,762 | ||
1 | John Sevier Combined Cycle Generation LLC | 4.626% | 1/15/42 | 857 | 990 | |
Kentucky Utilities Co. | 5.125% | 11/1/40 | 821 | 963 | ||
Kentucky Utilities Co. | 4.375% | 10/1/45 | 465 | 505 | ||
Kentucky Utilities Co. | 3.300% | 6/1/50 | 1,140 | 1,069 | ||
Louisville Gas & Electric Co. | 4.250% | 4/1/49 | 2,224 | 2,418 | ||
1 | MidAmerican Energy Co. | 5.750% | 11/1/35 | 958 | 1,206 | |
1 | MidAmerican Energy Co. | 5.800% | 10/15/36 | 1,200 | 1,524 | |
MidAmerican Energy Co. | 4.800% | 9/15/43 | 1,259 | 1,455 | ||
MidAmerican Energy Co. | 4.400% | 10/15/44 | 1,309 | 1,457 | ||
MidAmerican Energy Co. | 4.250% | 5/1/46 | 1,922 | 2,127 | ||
MidAmerican Energy Co. | 3.650% | 8/1/48 | 1,031 | 1,047 | ||
MidAmerican Energy Co. | 4.250% | 7/15/49 | 2,451 | 2,728 | ||
MidAmerican Energy Co. | 3.150% | 4/15/50 | 270 | 255 | ||
MidAmerican Energy Co. | 2.700% | 8/1/52 | 1,100 | 951 | ||
1 | Mississippi Power Co. | 4.250% | 3/15/42 | 976 | 1,014 | |
1 | Mississippi Power Co. | 3.100% | 7/30/51 | 265 | 235 | |
National Grid USA | 5.803% | 4/1/35 | 702 | 829 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 8.000% | 3/1/32 | 657 | 924 | |
National Rural Utilities Cooperative Finance Corp. | 4.023% | 11/1/32 | 1,066 | 1,149 | ||
National Rural Utilities Cooperative Finance Corp. | 4.400% | 11/1/48 | 1,466 | 1,627 | ||
National Rural Utilities Cooperative Finance Corp. | 4.300% | 3/15/49 | 928 | 1,039 | ||
1 | Nevada Power Co. | 6.650% | 4/1/36 | 1,830 | 2,460 | |
1 | Nevada Power Co. | 6.750% | 7/1/37 | 1,750 | 2,375 | |
1 | Nevada Power Co. | 3.125% | 8/1/50 | 2,149 | 1,941 | |
NextEra Energy Capital Holdings Inc. | 3.000% | 1/15/52 | 1,255 | 1,085 | ||
NiSource Inc. | 5.950% | 6/15/41 | 1,458 | 1,801 | ||
NiSource Inc. | 5.250% | 2/15/43 | 756 | 858 | ||
NiSource Inc. | 4.800% | 2/15/44 | 914 | 994 | ||
NiSource Inc. | 5.650% | 2/1/45 | 1,100 | 1,304 | ||
NiSource Inc. | 4.375% | 5/15/47 | 1,575 | 1,651 | ||
NiSource Inc. | 3.950% | 3/30/48 | 2,107 | 2,067 | ||
Northern States Power Co. | 6.250% | 6/1/36 | 290 | 383 | ||
Northern States Power Co. | 6.200% | 7/1/37 | 610 | 815 | ||
Northern States Power Co. | 5.350% | 11/1/39 | 507 | 633 | ||
Northern States Power Co. | 3.400% | 8/15/42 | 830 | 820 | ||
Northern States Power Co. | 4.125% | 5/15/44 | 803 | 866 | ||
Northern States Power Co. | 4.000% | 8/15/45 | 970 | 1,036 | ||
Northern States Power Co. | 3.600% | 5/15/46 | 1,199 | 1,206 | ||
Northern States Power Co. | 3.600% | 9/15/47 | 447 | 451 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Northern States Power Co. | 2.900% | 3/1/50 | 756 | 685 | ||
Northern States Power Co. | 2.600% | 6/1/51 | 770 | 659 | ||
Northern States Power Co. | 3.200% | 4/1/52 | 715 | 690 | ||
NorthWestern Corp. | 4.176% | 11/15/44 | 1,069 | 1,170 | ||
NSTAR Electric Co. | 5.500% | 3/15/40 | 1,273 | 1,590 | ||
NSTAR Electric Co. | 4.400% | 3/1/44 | 1,067 | 1,183 | ||
Oglethorpe Power Corp. | 5.950% | 11/1/39 | 1,520 | 1,879 | ||
Oglethorpe Power Corp. | 5.375% | 11/1/40 | 1,740 | 2,056 | ||
Oglethorpe Power Corp. | 5.050% | 10/1/48 | 120 | 138 | ||
Oglethorpe Power Corp. | 5.250% | 9/1/50 | 698 | 810 | ||
Ohio Power Co. | 4.150% | 4/1/48 | 1,830 | 1,913 | ||
Ohio Power Co. | 4.000% | 6/1/49 | 1,838 | 1,910 | ||
1 | Ohio Power Co. | 2.900% | 10/1/51 | 605 | 518 | |
Oklahoma Gas & Electric Co. | 4.150% | 4/1/47 | 855 | 917 | ||
Oklahoma Gas & Electric Co. | 3.850% | 8/15/47 | 656 | 695 | ||
Oncor Electric Delivery Co. LLC | 7.000% | 5/1/32 | 429 | 570 | ||
Oncor Electric Delivery Co. LLC | 7.250% | 1/15/33 | 845 | 1,155 | ||
Oncor Electric Delivery Co. LLC | 7.500% | 9/1/38 | 500 | 731 | ||
Oncor Electric Delivery Co. LLC | 5.250% | 9/30/40 | 1,145 | 1,394 | ||
Oncor Electric Delivery Co. LLC | 4.550% | 12/1/41 | 992 | 1,119 | ||
Oncor Electric Delivery Co. LLC | 5.300% | 6/1/42 | 765 | 943 | ||
Oncor Electric Delivery Co. LLC | 3.750% | 4/1/45 | 1,647 | 1,685 | ||
Oncor Electric Delivery Co. LLC | 3.800% | 9/30/47 | 1,393 | 1,443 | ||
Oncor Electric Delivery Co. LLC | 4.100% | 11/15/48 | 1,670 | 1,822 | ||
Oncor Electric Delivery Co. LLC | 3.800% | 6/1/49 | 1,797 | 1,880 | ||
1 | Oncor Electric Delivery Co. LLC | 3.100% | 9/15/49 | 1,260 | 1,174 | |
2 | Oncor Electric Delivery Co. LLC | 2.700% | 11/15/51 | 1,060 | 915 | |
Oncor Electric Delivery Co. LLC | 5.350% | 10/1/52 | 456 | 601 | ||
ONE Gas Inc. | 4.658% | 2/1/44 | 375 | 426 | ||
ONE Gas Inc. | 4.500% | 11/1/48 | 1,045 | 1,168 | ||
Pacific Gas & Electric Co. | 3.250% | 6/1/31 | 62 | 58 | ||
Pacific Gas & Electric Co. | 4.400% | 3/1/32 | 1,000 | 1,023 | ||
Pacific Gas & Electric Co. | 4.500% | 7/1/40 | 5,070 | 4,797 | ||
Pacific Gas & Electric Co. | 3.300% | 8/1/40 | 2,163 | 1,815 | ||
Pacific Gas & Electric Co. | 4.200% | 6/1/41 | 2,905 | 2,665 | ||
Pacific Gas & Electric Co. | 4.750% | 2/15/44 | 2,187 | 2,092 | ||
Pacific Gas & Electric Co. | 4.300% | 3/15/45 | 1,030 | 928 | ||
Pacific Gas & Electric Co. | 3.950% | 12/1/47 | 2,194 | 1,906 | ||
Pacific Gas & Electric Co. | 4.950% | 7/1/50 | 7,875 | 7,827 | ||
Pacific Gas & Electric Co. | 3.500% | 8/1/50 | 3,440 | 2,833 | ||
Pacific Gas & Electric Co. | 5.250% | 3/1/52 | 1,200 | 1,264 | ||
PacifiCorp | 5.250% | 6/15/35 | 2,229 | 2,652 | ||
PacifiCorp | 6.100% | 8/1/36 | 1,270 | 1,615 | ||
PacifiCorp | 5.750% | 4/1/37 | 1,431 | 1,753 | ||
PacifiCorp | 6.250% | 10/15/37 | 530 | 685 | ||
PacifiCorp | 6.350% | 7/15/38 | 630 | 819 | ||
PacifiCorp | 6.000% | 1/15/39 | 1,404 | 1,781 | ||
PacifiCorp | 4.100% | 2/1/42 | 1,465 | 1,524 | ||
PacifiCorp | 4.125% | 1/15/49 | 1,405 | 1,475 | ||
PacifiCorp | 4.150% | 2/15/50 | 1,833 | 1,940 | ||
PacifiCorp | 3.300% | 3/15/51 | 1,715 | 1,612 | ||
PacifiCorp | 2.900% | 6/15/52 | 1,410 | 1,248 | ||
PECO Energy Co. | 5.950% | 10/1/36 | 548 | 703 | ||
PECO Energy Co. | 4.150% | 10/1/44 | 1,086 | 1,175 | ||
PECO Energy Co. | 3.900% | 3/1/48 | 1,057 | 1,124 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PECO Energy Co. | 3.000% | 9/15/49 | 449 | 413 | ||
PECO Energy Co. | 2.800% | 6/15/50 | 851 | 750 | ||
PECO Energy Co. | 3.050% | 3/15/51 | 1,560 | 1,442 | ||
PECO Energy Co. | 2.850% | 9/15/51 | 755 | 673 | ||
Piedmont Natural Gas Co. Inc. | 4.650% | 8/1/43 | 405 | 459 | ||
Piedmont Natural Gas Co. Inc. | 3.640% | 11/1/46 | 596 | 564 | ||
Piedmont Natural Gas Co. Inc. | 3.350% | 6/1/50 | 1,360 | 1,253 | ||
Potomac Electric Power Co. | 6.500% | 11/15/37 | 438 | 596 | ||
Potomac Electric Power Co. | 4.150% | 3/15/43 | 1,830 | 1,986 | ||
PPL Electric Utilities Corp. | 6.250% | 5/15/39 | 428 | 570 | ||
PPL Electric Utilities Corp. | 4.750% | 7/15/43 | 380 | 440 | ||
PPL Electric Utilities Corp. | 4.125% | 6/15/44 | 685 | 735 | ||
PPL Electric Utilities Corp. | 4.150% | 10/1/45 | 1,611 | 1,729 | ||
PPL Electric Utilities Corp. | 3.950% | 6/1/47 | 1,035 | 1,079 | ||
PPL Electric Utilities Corp. | 4.150% | 6/15/48 | 1,170 | 1,273 | ||
PPL Electric Utilities Corp. | 3.000% | 10/1/49 | 825 | 759 | ||
Progress Energy Inc. | 6.000% | 12/1/39 | 1,077 | 1,332 | ||
1 | Public Service Co. of Colorado | 6.250% | 9/1/37 | 1,865 | 2,537 | |
Public Service Co. of Colorado | 6.500% | 8/1/38 | 486 | 677 | ||
Public Service Co. of Colorado | 3.600% | 9/15/42 | 996 | 1,001 | ||
Public Service Co. of Colorado | 4.300% | 3/15/44 | 810 | 882 | ||
Public Service Co. of Colorado | 3.800% | 6/15/47 | 1,275 | 1,309 | ||
Public Service Co. of Colorado | 4.100% | 6/15/48 | 519 | 558 | ||
Public Service Co. of Colorado | 4.050% | 9/15/49 | 2,165 | 2,312 | ||
1 | Public Service Co. of Colorado | 3.200% | 3/1/50 | 368 | 347 | |
1 | Public Service Co. of Colorado | 2.700% | 1/15/51 | 1,075 | 921 | |
Public Service Co. of New Hampshire | 3.600% | 7/1/49 | 1,649 | 1,670 | ||
1 | Public Service Electric & Gas Co. | 5.800% | 5/1/37 | 460 | 586 | |
1 | Public Service Electric & Gas Co. | 5.500% | 3/1/40 | 1,100 | 1,366 | |
1 | Public Service Electric & Gas Co. | 3.950% | 5/1/42 | 815 | 876 | |
1 | Public Service Electric & Gas Co. | 3.650% | 9/1/42 | 1,013 | 1,029 | |
1 | Public Service Electric & Gas Co. | 3.800% | 1/1/43 | 510 | 529 | |
1 | Public Service Electric & Gas Co. | 3.800% | 3/1/46 | 1,457 | 1,517 | |
1 | Public Service Electric & Gas Co. | 3.600% | 12/1/47 | 375 | 379 | |
1 | Public Service Electric & Gas Co. | 4.050% | 5/1/48 | 799 | 864 | |
1 | Public Service Electric & Gas Co. | 3.850% | 5/1/49 | 413 | 436 | |
1 | Public Service Electric & Gas Co. | 3.200% | 8/1/49 | 990 | 945 | |
1 | Public Service Electric & Gas Co. | 3.150% | 1/1/50 | 334 | 316 | |
1 | Public Service Electric & Gas Co. | 2.700% | 5/1/50 | 860 | 744 | |
1 | Public Service Electric & Gas Co. | 2.050% | 8/1/50 | 1,065 | 803 | |
Puget Sound Energy Inc. | 6.274% | 3/15/37 | 881 | 1,142 | ||
Puget Sound Energy Inc. | 5.757% | 10/1/39 | 861 | 1,069 | ||
Puget Sound Energy Inc. | 5.795% | 3/15/40 | 758 | 953 | ||
Puget Sound Energy Inc. | 5.638% | 4/15/41 | 373 | 463 | ||
Puget Sound Energy Inc. | 4.300% | 5/20/45 | 848 | 922 | ||
Puget Sound Energy Inc. | 4.223% | 6/15/48 | 670 | 721 | ||
Puget Sound Energy Inc. | 3.250% | 9/15/49 | 1,179 | 1,099 | ||
Puget Sound Energy Inc. | 2.893% | 9/15/51 | 700 | 618 | ||
San Diego Gas & Electric Co. | 6.000% | 6/1/39 | 944 | 1,202 | ||
San Diego Gas & Electric Co. | 4.500% | 8/15/40 | 496 | 557 | ||
1 | San Diego Gas & Electric Co. | 3.750% | 6/1/47 | 1,200 | 1,197 | |
San Diego Gas & Electric Co. | 4.150% | 5/15/48 | 595 | 639 | ||
1 | San Diego Gas & Electric Co. | 4.100% | 6/15/49 | 1,275 | 1,349 | |
1 | San Diego Gas & Electric Co. | 3.320% | 4/15/50 | 1,130 | 1,062 | |
1 | San Diego Gas & Electric Co. | 2.950% | 8/15/51 | 1,160 | 1,040 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | SCE Recovery Funding LLC | 2.943% | 11/15/42 | 500 | 495 | |
Sempra Energy | 3.800% | 2/1/38 | 1,848 | 1,881 | ||
Sempra Energy | 6.000% | 10/15/39 | 339 | 431 | ||
Sempra Energy | 4.000% | 2/1/48 | 2,175 | 2,196 | ||
Southern California Edison Co. | 6.000% | 1/15/34 | 848 | 1,040 | ||
1 | Southern California Edison Co. | 5.750% | 4/1/35 | 1,152 | 1,376 | |
1 | Southern California Edison Co. | 5.350% | 7/15/35 | 1,445 | 1,675 | |
Southern California Edison Co. | 5.625% | 2/1/36 | 1,923 | 2,235 | ||
1 | Southern California Edison Co. | 5.550% | 1/15/37 | 946 | 1,105 | |
1 | Southern California Edison Co. | 5.950% | 2/1/38 | 1,009 | 1,212 | |
Southern California Edison Co. | 6.050% | 3/15/39 | 1,244 | 1,508 | ||
Southern California Edison Co. | 5.500% | 3/15/40 | 1,639 | 1,891 | ||
Southern California Edison Co. | 4.500% | 9/1/40 | 1,411 | 1,469 | ||
Southern California Edison Co. | 4.050% | 3/15/42 | 500 | 495 | ||
1 | Southern California Edison Co. | 3.900% | 3/15/43 | 1,583 | 1,528 | |
Southern California Edison Co. | 4.650% | 10/1/43 | 457 | 488 | ||
1 | Southern California Edison Co. | 3.600% | 2/1/45 | 2,714 | 2,525 | |
Southern California Edison Co. | 4.000% | 4/1/47 | 2,007 | 1,975 | ||
1 | Southern California Edison Co. | 4.125% | 3/1/48 | 653 | 657 | |
1 | Southern California Edison Co. | 4.875% | 3/1/49 | 1,596 | 1,746 | |
Southern California Edison Co. | 3.650% | 2/1/50 | 2,703 | 2,555 | ||
1 | Southern California Edison Co. | 2.950% | 2/1/51 | 530 | 447 | |
1 | Southern California Edison Co. | 3.650% | 6/1/51 | 1,305 | 1,238 | |
Southern California Edison Co. | 3.450% | 2/1/52 | 1,200 | 1,105 | ||
Southern California Gas Co. | 5.125% | 11/15/40 | 495 | 592 | ||
Southern California Gas Co. | 3.750% | 9/15/42 | 1,058 | 1,066 | ||
1 | Southern California Gas Co. | 4.125% | 6/1/48 | 1,238 | 1,322 | |
1 | Southern California Gas Co. | 4.300% | 1/15/49 | 1,475 | 1,620 | |
1 | Southern California Gas Co. | 3.950% | 2/15/50 | 805 | 850 | |
Southern Co. | 4.250% | 7/1/36 | 1,479 | 1,553 | ||
Southern Co. | 4.400% | 7/1/46 | 3,100 | 3,246 | ||
Southern Co. Gas Capital Corp. | 5.875% | 3/15/41 | 1,578 | 1,981 | ||
Southern Co. Gas Capital Corp. | 4.400% | 6/1/43 | 2,612 | 2,711 | ||
Southern Co. Gas Capital Corp. | 3.950% | 10/1/46 | 1,035 | 1,019 | ||
Southern Co. Gas Capital Corp. | 4.400% | 5/30/47 | 1,503 | 1,583 | ||
Southern Power Co. | 5.150% | 9/15/41 | 823 | 916 | ||
Southern Power Co. | 5.250% | 7/15/43 | 210 | 237 | ||
1 | Southern Power Co. | 4.950% | 12/15/46 | 867 | 955 | |
Southwest Gas Corp. | 3.800% | 9/29/46 | 755 | 751 | ||
Southwest Gas Corp. | 4.150% | 6/1/49 | 1,120 | 1,159 | ||
Southwestern Electric Power Co. | 6.200% | 3/15/40 | 757 | 961 | ||
1 | Southwestern Electric Power Co. | 3.900% | 4/1/45 | 1,424 | 1,393 | |
1 | Southwestern Electric Power Co. | 3.850% | 2/1/48 | 927 | 899 | |
Southwestern Electric Power Co. | 3.250% | 11/1/51 | 1,720 | 1,519 | ||
Southwestern Public Service Co. | 4.500% | 8/15/41 | 520 | 576 | ||
Southwestern Public Service Co. | 3.400% | 8/15/46 | 260 | 251 | ||
Southwestern Public Service Co. | 3.700% | 8/15/47 | 900 | 905 | ||
1 | Southwestern Public Service Co. | 4.400% | 11/15/48 | 710 | 793 | |
Southwestern Public Service Co. | 3.750% | 6/15/49 | 1,058 | 1,096 | ||
1 | Southwestern Public Service Co. | 3.150% | 5/1/50 | 758 | 709 | |
Tampa Electric Co. | 4.100% | 6/15/42 | 1,170 | 1,235 | ||
Tampa Electric Co. | 4.350% | 5/15/44 | 250 | 274 | ||
Tampa Electric Co. | 4.300% | 6/15/48 | 804 | 891 | ||
Tampa Electric Co. | 4.450% | 6/15/49 | 507 | 579 | ||
Tampa Electric Co. | 3.625% | 6/15/50 | 1,220 | 1,236 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Tampa Electric Co. | 3.450% | 3/15/51 | 1,000 | 972 | ||
Toledo Edison Co. | 6.150% | 5/15/37 | 926 | 1,174 | ||
Tucson Electric Power Co. | 3.250% | 5/15/32 | 700 | ��� 708 | ||
Tucson Electric Power Co. | 4.850% | 12/1/48 | 1,000 | 1,152 | ||
Tucson Electric Power Co. | 4.000% | 6/15/50 | 1,080 | 1,102 | ||
Union Electric Co. | 2.150% | 3/15/32 | 1,073 | 1,013 | ||
Union Electric Co. | 5.300% | 8/1/37 | 398 | 477 | ||
Union Electric Co. | 3.900% | 9/15/42 | 1,770 | 1,839 | ||
Union Electric Co. | 3.650% | 4/15/45 | 1,712 | 1,719 | ||
Union Electric Co. | 4.000% | 4/1/48 | 1,179 | 1,260 | ||
Union Electric Co. | 3.250% | 10/1/49 | 1,805 | 1,732 | ||
Union Electric Co. | 2.625% | 3/15/51 | 415 | 359 | ||
Veolia Environnement SA | 6.750% | 6/1/38 | 772 | 1,072 | ||
Virginia Electric & Power Co. | 2.400% | 3/30/32 | 1,350 | 1,288 | ||
1 | Virginia Electric & Power Co. | 6.000% | 1/15/36 | 902 | 1,149 | |
1 | Virginia Electric & Power Co. | 6.000% | 5/15/37 | 1,261 | 1,623 | |
Virginia Electric & Power Co. | 6.350% | 11/30/37 | 1,428 | 1,924 | ||
Virginia Electric & Power Co. | 8.875% | 11/15/38 | 199 | 326 | ||
Virginia Electric & Power Co. | 4.000% | 1/15/43 | 1,654 | 1,750 | ||
1 | Virginia Electric & Power Co. | 4.650% | 8/15/43 | 2,656 | 2,997 | |
Virginia Electric & Power Co. | 4.450% | 2/15/44 | 1,094 | 1,218 | ||
1 | Virginia Electric & Power Co. | 4.200% | 5/15/45 | 2,115 | 2,286 | |
1 | Virginia Electric & Power Co. | 4.000% | 11/15/46 | 1,087 | 1,145 | |
1 | Virginia Electric & Power Co. | 3.800% | 9/15/47 | 1,138 | 1,173 | |
Virginia Electric & Power Co. | 4.600% | 12/1/48 | 1,800 | 2,096 | ||
Virginia Electric & Power Co. | 3.300% | 12/1/49 | 1,615 | 1,555 | ||
Virginia Electric & Power Co. | 2.450% | 12/15/50 | 455 | 373 | ||
Virginia Electric & Power Co. | 2.950% | 11/15/51 | 2,135 | 1,936 | ||
1 | Washington Gas Light Co. | 3.796% | 9/15/46 | 888 | 926 | |
1 | Washington Gas Light Co. | 3.650% | 9/15/49 | 1,188 | 1,214 | |
Wisconsin Electric Power Co. | 5.625% | 5/15/33 | 562 | 678 | ||
Wisconsin Electric Power Co. | 5.700% | 12/1/36 | 390 | 492 | ||
Wisconsin Electric Power Co. | 4.300% | 10/15/48 | 1,305 | 1,439 | ||
Wisconsin Power & Light Co. | 6.375% | 8/15/37 | 499 | 659 | ||
Wisconsin Power & Light Co. | 3.650% | 4/1/50 | 1,930 | 1,954 | ||
Wisconsin Public Service Corp. | 3.671% | 12/1/42 | 969 | 977 | ||
Wisconsin Public Service Corp. | 4.752% | 11/1/44 | 1,238 | 1,433 | ||
Wisconsin Public Service Corp. | 3.300% | 9/1/49 | 365 | 346 | ||
Wisconsin Public Service Corp. | 2.850% | 12/1/51 | 500 | 439 | ||
Xcel Energy Inc. | 2.350% | 11/15/31 | 625 | 589 | ||
Xcel Energy Inc. | 6.500% | 7/1/36 | 860 | 1,135 | ||
Xcel Energy Inc. | 3.500% | 12/1/49 | 978 | 929 | ||
631,251 | ||||||
Total Corporate Bonds (Cost $5,811,389) | 5,275,561 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (0.3%) | ||||||
Money Market Fund (0.3%) | ||||||
4 | Vanguard Market Liquidity Fund (Cost $16,552) | 0.138% | 165,550 | 16,553 | ||
Total Investments (99.2%) (Cost $5,856,742) | 5,320,952 | |||||
Other Assets and Liabilities—Net (0.8%) | 42,433 | |||||
Net Assets (100%) | 5,363,385 |
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 February 28, 2022, the aggregate value was $107,156,000, representing 2.0% of net assets. |
3 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2022. |
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 | ||||
Long U.S. Treasury Bond | June 2022 | (12) | (1,880) | (11) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $5,840,190) | 5,304,399 |
Affiliated Issuers (Cost $16,552) | 16,553 |
Total Investments in Securities | 5,320,952 |
Investment in Vanguard | 177 |
Cash | 373 |
Cash Collateral Received for ETF Capital Activity | 8,169 |
Receivables for Investment Securities Sold | 72,546 |
Receivables for Accrued Income | 59,978 |
Receivables for Capital Shares Issued | 449 |
Total Assets | 5,462,644 |
Liabilities | |
Payables for Investment Securities Purchased | 90,369 |
Collateral for ETF Capital Activity | 8,169 |
Payables for Capital Shares Redeemed | 319 |
Payables for Distributions | 182 |
Payables to Vanguard | 79 |
Variation Margin Payable—Futures Contracts | 141 |
Total Liabilities | 99,259 |
Net Assets | 5,363,385 |
Statement of Assets and Liabilities (continued) | |
At February 28, 2022, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 5,936,495 |
Total Distributable Earnings (Loss) | (573,110) |
Net Assets | 5,363,385 |
ETF Shares—Net Assets | |
Applicable to 49,332,221 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 4,770,821 |
Net Asset Value Per Share—ETF Shares | $96.71 |
Admiral Shares—Net Assets | |
Applicable to 10,954,086 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 283,917 |
Net Asset Value Per Share—Admiral Shares | $25.92 |
Institutional Shares—Net Assets | |
Applicable to 9,596,646 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 308,647 |
Net Asset Value Per Share—Institutional Shares | $32.16 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 90,713 |
Total Income | 90,713 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 55 |
Management and Administrative—ETF Shares | 771 |
Management and Administrative—Admiral Shares | 87 |
Management and Administrative—Institutional Shares | 69 |
Marketing and Distribution—ETF Shares | 97 |
Marketing and Distribution—Admiral Shares | 10 |
Marketing and Distribution—Institutional Shares | 6 |
Custodian Fees | 57 |
Shareholders’ Reports—ETF Shares | 61 |
Shareholders’ Reports—Admiral Shares | 3 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 11 |
Total Expenses | 1,229 |
Net Investment Income | 89,484 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | 2,605 |
Futures Contracts | (601) |
Realized Net Gain (Loss) | 2,004 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (640,149) |
Futures Contracts | (11) |
Change in Unrealized Appreciation (Depreciation) | (640,160) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (548,672) |
1 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $6,000, ($4,000), $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $7,293,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 89,484 | 191,927 | |
Realized Net Gain (Loss) | 2,004 | 318,126 | |
Change in Unrealized Appreciation (Depreciation) | (640,160) | (264,772) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (548,672) | 245,281 | |
Distributions | |||
ETF Shares | (81,809) | (171,844) | |
Admiral Shares | (4,669) | (10,118) | |
Institutional Shares | (5,068) | (8,735) | |
Total Distributions | (91,546) | (190,697) | |
Capital Share Transactions | |||
ETF Shares | (176,100) | 255,122 | |
Admiral Shares | 3,708 | (9,215) | |
Institutional Shares | 5,216 | 68,703 | |
Net Increase (Decrease) from Capital Share Transactions | (167,176) | 314,610 | |
Total Increase (Decrease) | (807,394) | 369,194 | |
Net Assets | |||
Beginning of Period | 6,170,779 | 5,801,585 | |
End of Period | 5,363,385 | 6,170,779 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $108.31 | $107.01 | $102.86 | $88.35 | $94.07 | $96.37 |
Investment Operations | ||||||
Net Investment Income1 | 1.593 | 3.294 | 3.701 | 3.936 | 3.880 | 3.897 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (11.553) | 1.288 | 4.189 | 14.458 | (5.722) | (2.356) |
Total from Investment Operations | (9.960) | 4.582 | 7.890 | 18.394 | (1.842) | 1.541 |
Distributions | ||||||
Dividends from Net Investment Income | (1.640) | (3.282) | (3.740) | (3.884) | (3.878) | (3.841) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.640) | (3.282) | (3.740) | (3.884) | (3.878) | (3.841) |
Net Asset Value, End of Period | $96.71 | $108.31 | $107.01 | $102.86 | $88.35 | $94.07 |
Total Return | -9.32% | 4.39% | 7.90% | 21.60% | -2.01% | 1.81% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $4,771 | $5,517 | $5,214 | $4,074 | $2,509 | $2,098 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.04% | 0.05% | 0.05% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 3.07% | 3.10% | 3.60% | 4.36% | 4.26% | 4.27% |
Portfolio Turnover Rate3 | 16% | 36% | 62% | 47% | 48% | 56% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.00, $.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 | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $29.03 | $28.68 | $27.55 | $23.65 | $25.18 | $25.79 |
Investment Operations | ||||||
Net Investment Income1 | .424 | .877 | .988 | 1.053 | 1.043 | 1.047 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (3.106) | .345 | 1.125 | 3.895 | (1.536) | (.625) |
Total from Investment Operations | (2.682) | 1.222 | 2.113 | 4.948 | (.493) | .422 |
Distributions | ||||||
Dividends from Net Investment Income | (.428) | (.872) | (.983) | (1.048) | (1.037) | (1.032) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.428) | (.872) | (.983) | (1.048) | (1.037) | (1.032) |
Net Asset Value, End of Period | $25.92 | $29.03 | $28.68 | $27.55 | $23.65 | $25.18 |
Total Return3 | -9.33% | 4.37% | 7.87% | 21.64% | -2.00% | 1.84% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $284 | $314 | $320 | $256 | $186 | $161 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 3.04% | 3.08% | 3.58% | 4.34% | 4.26% | 4.27% |
Portfolio Turnover Rate4 | 16% | 36% | 62% | 47% | 48% | 56% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.00, $.01, $.00, $.00,$.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 | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $36.02 | $35.59 | $34.18 | $29.36 | $31.25 | $32.02 |
Investment Operations | ||||||
Net Investment Income1 | .529 | 1.095 | 1.250 | 1.314 | 1.299 | 1.306 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (3.854) | .425 | 1.387 | 4.812 | (1.895) | (.790) |
Total from Investment Operations | (3.325) | 1.520 | 2.637 | 6.126 | (.596) | .516 |
Distributions | ||||||
Dividends from Net Investment Income | (.535) | (1.090) | (1.227) | (1.306) | (1.294) | (1.286) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.535) | (1.090) | (1.227) | (1.306) | (1.294) | (1.286) |
Net Asset Value, End of Period | $32.16 | $36.02 | $35.59 | $34.18 | $29.36 | $31.25 |
Total Return3 | -9.33% | 4.37% | 7.91% | 21.58% | -1.95% | 1.81% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $309 | $340 | $268 | $541 | $786 | $528 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 3.06% | 3.09% | 3.68% | 4.36% | 4.28% | 4.29% |
Portfolio Turnover Rate4 | 16% | 36% | 62% | 47% | 48% | 56% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.00, $.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 | — | 28,838 | — | 28,838 |
Corporate Bonds | — | 5,275,561 | — | 5,275,561 |
Temporary Cash Investments | 16,553 | — | — | 16,553 |
Total | 16,553 | 5,304,399 | — | 5,320,952 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 11 | — | — | 11 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 5,858,637 |
Gross Unrealized Appreciation | 13,947 |
Gross Unrealized Depreciation | (551,643) |
Net Unrealized Appreciation (Depreciation) | (537,696) |
E. | During the six months ended February 28, 2022, the fund purchased $2,384,372,000 of investment securities and sold $2,548,107,000 of investment securities, other than U.S. government securities and temporary cash investments. Purchases and sales of U.S. government securities were $470,840,000 and $458,599,000, respectively. Purchases and sales include $1,867,086,000 and $2,093,096,000, respectively, in connection with in-kind purchases and redemptions of the fund’s capital shares. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued1 | 1,944,255 | 18,900 | 5,694,795 | 53,910 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (2,120,355) | (20,500) | (5,439,673) | (51,700) | |
Net Increase (Decrease)—ETF Shares | (176,100) | (1,600) | 255,122 | 2,210 | |
Admiral Shares | |||||
Issued1 | 33,093 | 1,177 | 114,076 | 3,986 | |
Issued in Lieu of Cash Distributions | 3,483 | 125 | 7,862 | 276 | |
Redeemed | (32,868) | (1,182) | (131,153) | (4,585) | |
Net Increase (Decrease)—Admiral Shares | 3,708 | 120 | (9,215) | (323) | |
Institutional Shares | |||||
Issued1 | 7,709 | 233 | 79,701 | 2,217 | |
Issued in Lieu of Cash Distributions | 5,068 | 147 | 8,735 | 247 | |
Redeemed | (7,561) | (214) | (19,733) | (566) | |
Net Increase (Decrease)—Institutional Shares | 5,216 | 166 | 68,703 | 1,898 |
1 | Includes purchase fees for fiscal 2022 and 2021 of $24,000 and $1,995,000, respectively (fund totals). |
G. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
0 - 10 Years | 2.7% |
10 - 20 Years | 17.9 |
20 - 30 Years | 75.4 |
30 - 40 Years | 4.0 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (100.1%) | ||||||
Conventional Mortgage-Backed Securities (100.1%) | ||||||
1,2 | Freddie Mac Gold Pool | 2.000% | 1/1/28–12/1/31 | 6,066 | 6,028 | |
1,2 | Freddie Mac Gold Pool | 2.500% | 5/1/22–2/1/43 | 92,327 | 93,546 | |
1,2 | Freddie Mac Gold Pool | 3.000% | 1/1/26–6/1/49 | 314,113 | 321,571 | |
1,2 | Freddie Mac Gold Pool | 3.500% | 9/1/25–2/1/49 | 295,224 | 307,016 | |
1,2 | Freddie Mac Gold Pool | 4.000% | 3/1/24–6/1/49 | 169,347 | 179,552 | |
1,2 | Freddie Mac Gold Pool | 4.500% | 3/1/23–11/1/48 | 89,642 | 96,581 | |
1,2 | Freddie Mac Gold Pool | 5.000% | 3/1/23–11/1/48 | 31,399 | 34,880 | |
1,2 | Freddie Mac Gold Pool | 5.500% | 7/1/22–6/1/41 | 25,635 | 28,980 | |
1,2 | Freddie Mac Gold Pool | 6.000% | 11/1/28–5/1/40 | 16,235 | 18,888 | |
1,2 | Freddie Mac Gold Pool | 6.500% | 10/1/28–9/1/39 | 1,398 | 1,569 | |
1,2 | Freddie Mac Gold Pool | 7.000% | 7/1/28–12/1/38 | 120 | 136 | |
1 | Ginnie Mae I Pool | 2.500% | 6/15/27–6/15/28 | 197 | 201 | |
1 | Ginnie Mae I Pool | 3.000% | 1/15/26–3/15/45 | 14,449 | 14,847 | |
1,3 | Ginnie Mae I Pool | 3.500% | 2/15/26–9/15/49 | 25,001 | 26,268 | |
1 | Ginnie Mae I Pool | 4.000% | 7/15/24–6/15/49 | 17,001 | 18,369 | |
1 | Ginnie Mae I Pool | 4.500% | 8/15/33–7/15/49 | 24,448 | 27,284 | |
1 | Ginnie Mae I Pool | 5.000% | 3/15/34–4/15/41 | 10,186 | 11,589 | |
1 | Ginnie Mae I Pool | 6.000% | 4/15/28–5/15/41 | 1,075 | 1,209 | |
1 | Ginnie Mae I Pool | 6.500% | 5/15/24–1/15/39 | 75 | 85 | |
1 | Ginnie Mae I Pool | 7.000% | 10/15/27 | 2 | 2 | |
1 | Ginnie Mae II Pool | 1.500% | 2/20/51–12/20/51 | 18,894 | 17,762 | |
1,3,4 | Ginnie Mae II Pool | 2.000% | 8/20/50–3/15/52 | 741,200 | 726,002 | |
1,3,4 | Ginnie Mae II Pool | 2.500% | 6/20/27–3/15/52 | 699,118 | 700,296 | |
1,4 | Ginnie Mae II Pool | 3.000% | 10/20/26–3/15/52 | 726,038 | 741,296 | |
1,3,4 | Ginnie Mae II Pool | 3.500% | 12/20/25–3/15/52 | 521,587 | 544,632 | |
1 | Ginnie Mae II Pool | 4.000% | 9/20/25–7/20/51 | 259,599 | 273,983 | |
1 | Ginnie Mae II Pool | 4.500% | 2/20/39–7/20/50 | 132,796 | 141,555 | |
1 | Ginnie Mae II Pool | 5.000% | 2/20/39–12/20/49 | 42,854 | 47,486 | |
1 | Ginnie Mae II Pool | 5.500% | 2/20/49–7/20/49 | 772 | 852 | |
1 | Ginnie Mae II Pool | 6.000% | 3/20/31–9/20/41 | 2,615 | 3,029 | |
1 | Ginnie Mae II Pool | 6.500% | 10/20/28–9/20/40 | 399 | 463 | |
1 | Ginnie Mae II Pool | 7.000% | 4/20/38–11/20/38 | 36 | 42 | |
1,2,4 | UMBS Pool | 1.500% | 7/1/35–3/25/52 | 986,605 | 934,087 | |
1,2,4 | UMBS Pool | 2.000% | 4/1/23–3/25/52 | 4,093,324 | 3,957,112 | |
1,2,4 | UMBS Pool | 2.500% | 3/1/27–3/25/52 | 2,857,273 | 2,834,326 | |
1,2,4 | UMBS Pool | 3.000% | 11/1/25–3/25/52 | 1,638,417 | 1,668,373 | |
1,2,4 | UMBS Pool | 3.500% | 8/1/25–3/25/52 | 947,087 | 984,553 | |
1,2,4 | UMBS Pool | 4.000% | 4/1/24–3/25/52 | 665,403 | 704,662 | |
1,2 | UMBS Pool | 4.500% | 4/1/23–1/1/51 | 298,755 | 320,788 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1,2 | UMBS Pool | 5.000% | 1/1/23–3/1/50 | 113,203 | 124,974 | |
1,2 | UMBS Pool | 5.500% | 2/1/23–6/1/49 | 48,845 | 54,939 | |
1,2 | UMBS Pool | 6.000% | 5/1/23–6/1/41 | 28,224 | 32,827 | |
1,2 | UMBS Pool | 6.500% | 12/1/28–10/1/39 | 3,961 | 4,516 | |
1,2 | UMBS Pool | 7.000% | 12/1/22–10/1/37 | 289 | 338 | |
16,007,494 | ||||||
Nonconventional Mortgage-Backed Securities (0.0%) | ||||||
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.290% | 1.671% | 12/1/41 | 22 | 23 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.310% | 1.560% | 9/1/37 | 10 | 10 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.470% | 1.790% | 3/1/43 | 114 | 117 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.560% | 2.301% | 7/1/43 | 306 | 314 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.601% | 1.851% | 10/1/37 | 22 | 22 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.606% | 1.890% | 6/1/43 | 29 | 30 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.627% | 2.127% | 3/1/38 | 3 | 3 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.670% | 1.920% | 10/1/42 | 48 | 50 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.680% | 1.945% | 8/1/39 | 19 | 20 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.690% | 1.940% | 10/1/39–9/1/42 | 156 | 161 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.700% | 1.950% | 12/1/40 | 45 | 46 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.709% | 2.078% | 5/1/42 | 16 | 17 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.755% | 2.011% | 11/1/39 | 6 | 6 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.769% | 2.110% | 5/1/42 | 9 | 10 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.794% | 2.135% | 8/1/42 | 45 | 47 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.799% | 2.057% | 3/1/42 | 24 | 25 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.803% | 2.053% | 9/1/40 | 41 | 43 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.805% | 2.055% | 11/1/41 | 28 | 29 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.810% | 2.060% | 10/1/40–12/1/40 | 3 | 3 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.813% | 2.063% | 11/1/41 | 6 | 6 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.813% | 2.074% | 1/1/42 | 33 | 35 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.815% | 2.065% | 11/1/40–12/1/41 | 24 | 25 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.815% | 2.066% | 5/1/41 | 14 | 14 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.820% | 2.207% | 3/1/41 | 34 | 35 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.821% | 2.077% | 2/1/42 | 33 | 34 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.830% | 2.308% | 4/1/41 | 17 | 18 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.832% | 2.156% | 2/1/41 | 1 | 1 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.835% | 2.107% | 1/1/40 | 1 | 1 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.839% | 2.089% | 12/1/39 | 35 | 36 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.864% | 2.114% | 5/1/40 | 1 | 1 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.914% | 2.164% | 4/1/37 | 3 | 3 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.640% | 1.890% | 11/1/43 | 54 | 56 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.660% | 1.910% | 10/1/37 | 2 | 2 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.695% | 2.017% | 2/1/37 | 9 | 10 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.745% | 1.995% | 12/1/40 | 9 | 10 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.840% | 2.090% | 6/1/37 | 20 | 21 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.845% | 2.139% | 2/1/42 | 7 | 8 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.880% | 2.130% | 6/1/41 | 14 | 15 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.880% | 2.132% | 6/1/40 | 7 | 7 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.895% | 2.145% | 9/1/40 | 14 | 15 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.900% | 2.149% | 12/1/39 | 5 | 5 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.900% | 2.150% | 6/1/40 | 5 | 5 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.910% | 2.285% | 2/1/41 | 31 | 32 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 2.085% | 2.460% | 3/1/38 | 5 | 5 | |
1,5 | Ginnie Mae II Pool, 1 YR CMT + 1.500% | 1.625% | 7/20/41–8/20/41 | 40 | 41 | |
1,5 | Ginnie Mae II Pool, 1 YR CMT + 1.500% | 1.750% | 11/20/40–12/20/42 | 133 | 136 | |
1,5 | Ginnie Mae II Pool, 1 YR CMT + 1.500% | 1.875% | 4/20/41 | 2 | 2 | |
1,5 | Ginnie Mae II Pool, 1 YR CMT + 1.500% | 2.000% | 1/20/41–2/20/41 | 121 | 126 | |
1,5 | Ginnie Mae II Pool, 1 YR CMT + 2.000% | 2.250% | 11/20/40 | 3 | 3 | |
1,5 | Ginnie Mae II Pool, 1 YR CMT + 2.000% | 2.375% | 5/20/41 | 1 | 1 | |
1,685 | ||||||
Total U.S. Government and Agency Obligations (Cost $16,420,870) | 16,009,179 | |||||
Shares | ||||||
Temporary Cash Investments (3.6%) | ||||||
Money Market Fund (3.6%) | ||||||
6 | Vanguard Market Liquidity Fund (Cost $579,265) | 0.138% | 5,795,486 | 579,491 | ||
Total Investments (103.7%) (Cost $17,000,135) | 16,588,670 | |||||
Other Assets and Liabilities—Net (-3.7%) | (587,105) | |||||
Net Assets (100%) | 16,001,565 |
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 | Securities with a value of $4,893,000 have been segregated as collateral for certain open To Be Announced (TBA) transactions. |
4 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 28, 2022. |
5 | Variable-rate security; rate shown is effective rate at period end. Certain variable-rate securities are not based on a published reference rate and spread but are determined by the issuer or agent based on current market conditions. |
6 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
1 YR—1-year. | |
12M—12-month. | |
CMT—Constant Maturing Treasury Rate. | |
LIBOR—London Interbank Offered Rate. | |
UMBS—Uniform Mortgage-Backed Securities. | |
USD—U.S. dollar. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Short Futures Contracts | ||||
5-Year U.S. Treasury Note | June 2022 | (520) | (61,506) | (393) |
($000s, except shares and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $16,420,870) | 16,009,179 |
Affiliated Issuers (Cost $579,265) | 579,491 |
Total Investments in Securities | 16,588,670 |
Investment in Vanguard | 556 |
Cash Collateral Pledged—Futures Contracts | 550 |
Receivables for Investment Securities Sold | 67,133 |
Receivables for Accrued Income | 34,985 |
Receivables for Capital Shares Issued | 905 |
Total Assets | 16,692,799 |
Liabilities | |
Due to Custodian | 697 |
Payables for Investment Securities Purchased | 636,782 |
Payables for Capital Shares Redeemed | 52,661 |
Payables for Distributions | 459 |
Payables to Vanguard | 242 |
Variation Margin Payable—Futures Contracts | 393 |
Total Liabilities | 691,234 |
Net Assets | 16,001,565 |
Statement of Assets and Liabilities (continued) | |
At February 28, 2022, net assets consisted of: | |
($000s, except shares and per-share amounts) | Amount |
Paid-in Capital | 16,447,103 |
Total Distributable Earnings (Loss) | (445,538) |
Net Assets | 16,001,565 |
ETF Shares—Net Assets | |
Applicable to 281,071,951 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 14,462,238 |
Net Asset Value Per Share—ETF Shares | $51.45 |
Admiral Shares—Net Assets | |
Applicable to 68,393,951 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,406,099 |
Net Asset Value Per Share—Admiral Shares | $20.56 |
Institutional Shares—Net Assets | |
Applicable to 4,782,181 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 133,228 |
Net Asset Value Per Share—Institutional Shares | $27.86 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 106,142 |
Total Income | 106,142 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 160 |
Management and Administrative—ETF Shares | 2,154 |
Management and Administrative—Admiral Shares | 396 |
Management and Administrative—Institutional Shares | 26 |
Marketing and Distribution—ETF Shares | 250 |
Marketing and Distribution—Admiral Shares | 45 |
Marketing and Distribution—Institutional Shares | 3 |
Custodian Fees | 64 |
Shareholders’ Reports—ETF Shares | 370 |
Shareholders’ Reports—Admiral Shares | 32 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 4 |
Other Expenses | 8 |
Total Expenses | 3,512 |
Net Investment Income | 102,630 |
Realized Net Gain (Loss) on Investment Securities Sold1 | (40,604) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (604,780) |
Futures Contracts | (393) |
Change in Unrealized Appreciation (Depreciation) | (605,173) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (543,147) |
1 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $495,000, ($14,000), $31,000, and ($178,000), respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 102,630 | 161,830 | |
Realized Net Gain (Loss) | (40,604) | (11,804) | |
Change in Unrealized Appreciation (Depreciation) | (605,173) | (200,070) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (543,147) | (50,044) | |
Distributions | |||
ETF Shares | (88,186) | (172,665) | |
Admiral Shares | (8,541) | (15,250) | |
Institutional Shares | (772) | (2,046) | |
Total Distributions | (97,499) | (189,961) | |
Capital Share Transactions | |||
ETF Shares | (12,053) | 3,630,070 | |
Admiral Shares | 42,530 | 278,308 | |
Institutional Shares | 15,821 | (45,377) | |
Net Increase (Decrease) from Capital Share Transactions | 46,298 | 3,863,001 | |
Total Increase (Decrease) | (594,348) | 3,622,996 | |
Net Assets | |||
Beginning of Period | 16,595,913 | 12,972,917 | |
End of Period | 16,001,565 | 16,595,913 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $53.47 | $54.36 | $53.26 | $51.38 | $53.00 | $53.79 |
Investment Operations | ||||||
Net Investment Income1 | .326 | .581 | 1.197 | 1.564 | 1.325 | 1.059 |
Net Realized and Unrealized Gain (Loss) on Investments | (2.039) | (.768) | 1.146 | 1.859 | (1.683) | (.682) |
Total from Investment Operations | (1.713) | (.187) | 2.343 | 3.423 | (.358) | .377 |
Distributions | ||||||
Dividends from Net Investment Income | (.307) | (.594) | (1.243) | (1.543) | (1.262) | (1.004) |
Distributions from Realized Capital Gains | — | (.109) | — | — | — | (.163) |
Total Distributions | (.307) | (.703) | (1.243) | (1.543) | (1.262) | (1.167) |
Net Asset Value, End of Period | $51.45 | $53.47 | $54.36 | $53.26 | $51.38 | $53.00 |
Total Return | -3.22% | -0.35% | 4.45% | 6.80% | -0.67% | 0.74% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $14,462 | $15,055 | $11,643 | $10,316 | $7,193 | $4,252 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.04% | 0.05% | 0.05% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.25% | 1.08% | 2.22% | 3.01% | 2.56% | 2.00% |
Portfolio Turnover Rate2 | 98% | 316% | 218% | 190% | 279% | 339% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes 64%, 237%, 11%, 34%, 78%, and 133%, respectively, attributable to mortgage-dollar-roll activity. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $21.37 | $21.72 | $21.26 | $20.51 | $21.17 | $21.49 |
Investment Operations | ||||||
Net Investment Income1 | .128 | .211 | .470 | .622 | .528 | .413 |
Net Realized and Unrealized Gain (Loss) on Investments | (.812) | (.292) | .463 | .742 | (.674) | (.258) |
Total from Investment Operations | (.684) | (.081) | .933 | 1.364 | (.146) | .155 |
Distributions | ||||||
Dividends from Net Investment Income | (.126) | (.225) | (.473) | (.614) | (.514) | (.410) |
Distributions from Realized Capital Gains | — | (.044) | — | — | — | (.065) |
Total Distributions | (.126) | (.269) | (.473) | (.614) | (.514) | (.475) |
Net Asset Value, End of Period | $20.56 | $21.37 | $21.72 | $21.26 | $20.51 | $21.17 |
Total Return2 | -3.21% | -0.38% | 4.43% | 6.77% | -0.68% | 0.76% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,406 | $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% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.22% | 0.98% | 2.18% | 2.99% | 2.56% | 2.00% |
Portfolio Turnover Rate3 | 98% | 316% | 218% | 190% | 279% | 339% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Total returns do not include account service fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable account service fees. |
3 | Includes 64%, 237%, 11%, 34%, 78%, and 133%, respectively, attributable to mortgage-dollar-roll activity. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | ||||
2021 | 2020 | 2019 | 2018 | 2017 | ||
Net Asset Value, Beginning of Period | $28.96 | $29.44 | $28.81 | $27.79 | $28.69 | $29.12 |
Investment Operations | ||||||
Net Investment Income1 | .179 | .393 | .641 | .846 | .721 | .571 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.105) | (.503) | .636 | 1.011 | (.920) | (.353) |
Total from Investment Operations | (.926) | (.110) | 1.277 | 1.857 | (.199) | .218 |
Distributions | ||||||
Dividends from Net Investment Income | (.174) | (.311) | (.647) | (.837) | (.701) | (.560) |
Distributions from Realized Capital Gains | — | (.059) | — | — | — | (.088) |
Total Distributions | (.174) | (.370) | (.647) | (.837) | (.701) | (.648) |
Net Asset Value, End of Period | $27.86 | $28.96 | $29.44 | $28.81 | $27.79 | $28.69 |
Total Return | -3.21% | -0.38% | 4.48% | 6.80% | -0.68% | 0.79% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $133 | $122 | $171 | $119 | $70 | $52 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 1.26% | 1.35% | 2.20% | 3.01% | 2.58% | 2.02% |
Portfolio Turnover Rate2 | 98% | 316% | 218% | 190% | 279% | 339% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes 64%, 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 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 | — | 16,009,179 | — | 16,009,179 |
Temporary Cash Investments | 579,491 | — | — | 579,491 |
Total | 579,491 | 16,009,179 | — | 16,588,670 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 393 | — | — | 393 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
D. | As of February 28, 2022, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 17,013,371 |
Gross Unrealized Appreciation | 72,569 |
Gross Unrealized Depreciation | (497,663) |
Net Unrealized Appreciation (Depreciation) | (425,094) |
E. | During the six months ended February 28, 2022, the fund purchased $16,459,990,000 of investment securities and sold $16,340,643,000 of investment securities, other than temporary cash investments. |
F. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,101,907 | 20,830 | 4,732,739 | 87,937 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,113,960) | (21,325) | (1,102,669) | (20,550) | |
Net Increase (Decrease)—ETF Shares | (12,053) | (495) | 3,630,070 | 67,387 | |
Admiral Shares | |||||
Issued | 205,368 | 9,763 | 811,357 | 37,785 | |
Issued in Lieu of Cash Distributions | 6,420 | 306 | 10,095 | 470 | |
Redeemed | (169,258) | (8,059) | (543,144) | (25,236) | |
Net Increase (Decrease)—Admiral Shares | 42,530 | 2,010 | 278,308 | 13,019 | |
Institutional Shares | |||||
Issued | 29,422 | 1,028 | 48,026 | 1,650 | |
Issued in Lieu of Cash Distributions | 772 | 27 | 1,521 | 52 | |
Redeemed | (14,373) | (500) | (94,924) | (3,272) | |
Net Increase (Decrease)—Institutional Shares | 15,821 | 555 | (45,377) | (1,570) |
G. | Market disruptions associated with current geopolitical events have had a global impact, and uncertainty exists as to their implications. Such disruptions can adversely affect assets and thus performance of the fund; at this time, an aggregate effect on assets and performance cannot be reasonably estimated. Management is continuing to monitor these developments and evaluate impacts they may have on the fund. |
Who Are Deaf or Hard of Hearing > 800-749-7273
All rights reserved.
U.S. Patent No. 6,879,964.
Vanguard Marketing Corporation, Distributor.
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2022 | |||
Total Corporate Bond ETF | Beginning Account Value 8/31/2021 | Ending Account Value 2/28/2022 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $ 941.00 | $0.19 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.60 | 0.20 |
Vanguard Long-Term Corporate Bond ETF | 38.0% |
Vanguard Short-Term Corporate Bond ETF | 33.8 |
Vanguard Intermediate-Term Corporate Bond ETF | 28.2 |
Shares | Market Value• ($000) | |||||
Investment Companies (100.0%) | ||||||
U.S. Bond Funds (100.0%) | ||||||
Vanguard Long-Term Corporate Bond ETF | 2,479,402 | 240,750 | ||||
Vanguard Short-Term Corporate Bond ETF | 2,691,105 | 214,293 | ||||
Vanguard Intermediate-Term Corporate Bond ETF | 2,013,163 | 179,111 | ||||
Total Investment Companies (Cost $681,653) | 634,154 | |||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund, 0.138% (Cost $208) | 2,079 | 208 | |||
Total Investments (100.0%) (Cost $681,861) | 634,362 | |||||
Other Assets and Liabilities—Net (0.0%) | (1) | |||||
Net Assets (100%) | 634,361 |
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 $681,861) | 634,362 |
Receivables for Investment Securities Sold | 782 |
Total Assets | 635,144 |
Liabilities | |
Payables for Investment Securities Purchased | 783 |
Total Liabilities | 783 |
Net Assets | 634,361 |
At February 28, 2022, net assets consisted of: | |
Paid-in Capital | 682,180 |
Total Distributable Earnings (Loss) | (47,819) |
Net Assets | 634,361 |
Net Assets | |
Applicable to 7,370,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 634,361 |
Net Asset Value Per Share | $86.07 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Income Distributions Received from Affiliated Funds | 8,123 |
Net Investment Income—Note B | 8,123 |
Realized Net Gain (Loss) | |
Capital Gain Distributions Received from Affiliated Funds | 1,772 |
Affiliated Funds Sold1 | (1,263) |
Realized Net Gain (Loss) | 509 |
Change in Unrealized Appreciation (Depreciation) from Affiliated Funds | (50,376) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (41,744) |
1 | Includes ($580,000) of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 8,123 | 17,944 | |
Realized Net Gain (Loss) | 509 | 10,516 | |
Change in Unrealized Appreciation (Depreciation) | (50,376) | (18,980) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (41,744) | 9,480 | |
Distributions | |||
Total Distributions | (8,246) | (17,930) | |
Capital Share Transactions | |||
Issued | 30,403 | 389,344 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (41,120) | (304,510) | |
Net Increase (Decrease) from Capital Share Transactions | (10,717) | 84,834 | |
Total Increase (Decrease) | (60,707) | 76,384 | |
Net Assets | |||
Beginning of Period | 695,068 | 618,684 | |
End of Period | 634,361 | 695,068 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | November 7, 20171 to August 31, 2018 | ||
2021 | 2020 | 2019 | |||
Net Asset Value, Beginning of Period | $92.55 | $92.62 | $89.19 | $81.59 | $85.00 |
Investment Operations | |||||
Net Investment Income2 | 1.057 | 2.229 | 2.638 | 2.825 | 2.081 |
Capital Gain Distributions Received2 | .231 | .053 | — | — | — |
Net Realized and Unrealized Gain (Loss) on Investments | (6.695) | (.131) | 3.614 | 7.717 | (3.445) |
Total from Investment Operations | (5.407) | 2.151 | 6.252 | 10.542 | (1.364) |
Distributions | |||||
Dividends from Net Investment Income | (1.061) | (2.221) | (2.822) | (2.942) | (2.046) |
Distributions from Realized Capital Gains | (.012) | — | — | — | — |
Total Distributions | (1.073) | (2.221) | (2.822) | (2.942) | (2.046) |
Net Asset Value, End of Period | $86.07 | $92.55 | $92.62 | $89.19 | $81.59 |
Total Return | -5.90% | 2.37% | 7.18% | 13.29% | -1.60% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $634 | $695 | $619 | $203 | $55 |
Ratio of Total Expenses to Average Net Assets | — | — | — | — | — 3 |
Acquired Fund Fees and Expenses | 0.04% | 0.04% | 0.05% | 0.05% | 0.07% 3 |
Ratio of Net Investment Income to Average Net Assets | 2.36% | 2.43% | 2.94% | 3.38% | 3.10% 3 |
Portfolio Turnover Rate4 | 5% | 10% | 40% | 12% | 4% |
The expense ratio, acquired fund fees and expenses, and net investment income ratio for the current period have been annualized. |
1 | Inception. |
2 | Calculated based on average shares outstanding. |
3 | Annualized. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Amount ($000) | |
Tax Cost | 682,426 |
Gross Unrealized Appreciation | 43 |
Gross Unrealized Depreciation | (48,107) |
Net Unrealized Appreciation (Depreciation) | (48,064) |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
Shares (000) | Shares (000) | ||
Issued | 330 | 4,200 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (470) | (3,370) | |
Net Increase (Decrease) in Shares Outstanding | (140) | 830 |
Current Period Transactions | ||||||||
Aug. 31, 2021 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) | Feb. 28, 2022 Market Value ($000) | |
Vanguard Intermediate-Term Corporate Bond ETF | 197,418 | 16,878 | 21,252 | (339) | (13,594) | 2,174 | 1,252 | 179,111 |
Vanguard Long-Term Corporate Bond ETF | 270,620 | 29,629 | 30,419 | (670) | (28,410) | 4,227 | — | 240,750 |
Vanguard Market Liquidity Fund | 24 | NA 3 | NA 3 | — | — | — | — | 208 |
Vanguard Short-Term Corporate Bond ETF | 226,998 | 21,137 | 25,216 | (254) | (8,372) | 1,722 | 520 | 214,293 |
Total | 695,060 | 67,644 | 76,887 | (1,263) | (50,376) | 8,123 | 1,772 | 634,362 |
1 | Includes $30,401,000 of portfolio securities received as a result of in-kind purchases of the fund’s capital shares. |
2 | Includes $41,113,000 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. |
Who Are Deaf or Hard of Hearing > 800-749-7273
All rights reserved.
Vanguard Marketing Corporation, Distributor.
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2022 | |||
Total World Bond ETF | Beginning Account Value 8/31/2021 | Ending Account Value 2/28/2022 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $ 960.20 | $0.24 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.55 | 0.25 |
Vanguard Total International Bond ETF | 51.2% |
Vanguard Total Bond Market ETF | 48.8 |
Shares | Market Value• ($000) | |||||
Investment Companies (100.0%) | ||||||
U.S. Bond Fund (48.8%) | ||||||
Vanguard Total Bond Market ETF | 3,554,625 | 291,195 | ||||
International Bond Fund (51.2%) | ||||||
Vanguard Total International Bond ETF | 5,687,827 | 305,266 | ||||
Total Investment Companies (Cost $631,242) | 596,461 | |||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund, 0.138% (Cost $124) | 1,238 | 124 | |||
Total Investments (100.0%) (Cost $631,366) | 596,585 | |||||
Other Assets and Liabilities—Net (0.0%) | 1 | |||||
Net Assets (100%) | 596,586 |
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 $631,366) | 596,585 |
Receivables for Investment Securities Sold | 720 |
Total Assets | 597,305 |
Liabilities | |
Payables for Investment Securities Purchased | 719 |
Total Liabilities | 719 |
Net Assets | 596,586 |
At February 28, 2022, net assets consisted of: | |
Paid-in Capital | 629,297 |
Total Distributable Earnings (Loss) | (32,711) |
Net Assets | 596,586 |
Net Assets | |
Applicable to 7,840,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 596,586 |
Net Asset Value Per Share | $76.10 |
Six Months Ended February 28, 2022 | |
($000) | |
Investment Income | |
Income | |
Income Distributions Received from Affiliated Funds | 10,299 |
Net Investment Income—Note B | 10,299 |
Realized Net Gain (Loss) | |
Capital Gain Distributions Received from Affiliated Funds | 2,353 |
Affiliated Funds Sold1 | 327 |
Realized Net Gain (Loss) | 2,680 |
Change in Unrealized Appreciation (Depreciation) from Affiliated Funds | (36,890) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (23,911) |
1 | Includes $864,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 10,299 | 7,151 | |
Realized Net Gain (Loss) | 2,680 | 659 | |
Change in Unrealized Appreciation (Depreciation) | (36,890) | (6,066) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (23,911) | 1,744 | |
Distributions | |||
Total Distributions | (10,891) | (7,139) | |
Capital Share Transactions | |||
Issued | 84,813 | 151,909 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (34,893) | (12,797) | |
Net Increase (Decrease) from Capital Share Transactions | 49,920 | 139,112 | |
Total Increase (Decrease) | 15,118 | 133,717 | |
Net Assets | |||
Beginning of Period | 581,468 | 447,751 | |
End of Period | 596,586 | 581,468 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2022 | Year Ended August 31, | September 4, 20181 to August 31, 2019 | |
2021 | 2020 | |||
Net Asset Value, Beginning of Period | $80.76 | $81.56 | $80.97 | $75.00 |
Investment Operations | ||||
Net Investment Income2 | 1.388 | 1.108 | 2.125 | 2.004 |
Capital Gain Distributions Received2 | .317 | .146 | — | — |
Net Realized and Unrealized Gain (Loss) on Investments | (4.875) | (.929) | .782 | 6.071 |
Total from Investment Operations | (3.170) | .325 | 2.907 | 8.075 |
Distributions | ||||
Dividends from Net Investment Income | (1.411) | (1.125) | (2.317) | (2.105) |
Distributions from Realized Capital Gains | (.079) | — | — | — |
Total Distributions | (1.490) | (1.125) | (2.317) | (2.105) |
Net Asset Value, End of Period | $76.10 | $80.76 | $81.56 | $80.97 |
Total Return | -3.98% | 0.40% | 3.69% | 11.00% |
Ratios/Supplemental Data | ||||
Net Assets, End of Period (Millions) | $597 | $581 | $448 | $160 |
Ratio of Total Expenses to Average Net Assets | — | — | — | — 3 |
Acquired Fund Fees and Expenses | 0.05% | 0.06% | 0.06% | 0.06% 3 |
Ratio of Net Investment Income to Average Net Assets | 3.55% | 1.37% | 2.64% | 2.62% 3 |
Portfolio Turnover Rate4 | 4% | 10% | 19% | 8% |
The expense ratio, acquired fund fees and expenses, and net investment income ratio for the current period have been annualized. |
1 | Inception. |
2 | Calculated based on average shares outstanding. |
3 | Annualized. |
4 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Amount ($000) | |
Tax Cost | 632,276 |
Gross Unrealized Appreciation | 111 |
Gross Unrealized Depreciation | (35,802) |
Net Unrealized Appreciation (Depreciation) | (35,691) |
Six Months Ended February 28, 2022 | Year Ended August 31, 2021 | ||
Shares (000) | Shares (000) | ||
Issued | 1,080 | 1,870 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (440) | (160) | |
Net Increase (Decrease) in Shares Outstanding | 640 | 1,710 |
Current Period Transactions | ||||||||
Aug. 31, 2021 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) | Feb. 28, 2022 Market Value ($000) | |
Vanguard Market Liquidity Fund | 20 | NA 3 | NA 3 | — | — | — | — | 124 |
Vanguard Total Bond Market ETF | 276,830 | 56,072 | 26,369 | 432 | (15,770) | 2,684 | 433 | 291,195 |
Vanguard Total International Bond ETF | 304,590 | 54,190 | 32,289 | (105) | (21,120) | 7,615 | 1,920 | 305,266 |
Total | 581,440 | 110,262 | 58,658 | 327 | (36,890) | 10,299 | 2,353 | 596,585 |
1 | Includes $84,803,000 of portfolio securities received as a result of in-kind purchases of the fund’s capital shares. |
2 | Includes $34,891,000 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. |
Who Are Deaf or Hard of Hearing > 800-749-7273
All rights reserved.
Vanguard Marketing Corporation, Distributor.
Item 2: Code of Ethics.
Not applicable.
Item 3: Audit Committee Financial Expert.
Not applicable.
Item 4: Principal Accountant Fees and Services.
Not applicable.
Item 5: Audit Committee of Listed Registrants.
Not applicable.
Item 6: Investments.
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) | Not applicable. |
(a)(2) | Certifications filed herewith. |
(b) | Certifications filed 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: April 20, 2022
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
VANGUARD SCOTTSDALE FUNDS | ||
BY: | /s/ MORTIMER J. BUCKLEY* | |
MORTIMER J. BUCKLEY | ||
CHIEF EXECUTIVE OFFICER |
Date: April 20, 2022
VANGUARD SCOTTSDALE FUNDS | ||
BY: | /s/ CHRISTINE BUCHANAN* | |
CHRISTINE BUCHANAN | ||
CHIEF FINANCIAL OFFICER |
Date: April 20, 2022
* By: | /s/ Anne E. Robinson |
Anne E. Robinson, pursuant to a Power of Attorney filed on November 29, 2021 (see File Number 33-64845), 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.