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, 2022—February 28, 2023
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, 2023 | |||
Explorer Value Fund | Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $1,072.80 | $2.52 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,022.37 | 2.46 |
Communication Services | 7.1% |
Consumer Discretionary | 13.0 |
Consumer Staples | 1.2 |
Energy | 3.9 |
Financials | 17.9 |
Health Care | 5.5 |
Industrials | 17.9 |
Information Technology | 11.4 |
Materials | 10.7 |
Real Estate | 9.9 |
Utilities | 1.5 |
Shares | Market Value• ($000) | ||
Common Stocks (94.7%) | |||
Communication Services (6.7%) | |||
Nexstar Media Group Inc. Class A | 117,838 | 21,906 | |
* | Ziff Davis Inc. | 190,211 | 15,023 |
John Wiley & Sons Inc. Class A | 265,634 | 11,818 | |
* | Madison Square Garden Entertainment Corp. | 104,754 | 6,341 |
Interpublic Group of Cos. Inc. | 150,917 | 5,363 | |
1 | Manchester United plc Class A | 194,969 | 4,046 |
1 | Paramount Global Inc. Class B | 187,272 | 4,011 |
Madison Square Garden Sports Corp. | 16,358 | 3,127 | |
71,635 | |||
Consumer Discretionary (12.3%) | |||
* | Victoria's Secret & Co. | 402,348 | 15,949 |
Lithia Motors Inc. Class A | 51,500 | 13,142 | |
* | Royal Caribbean Cruises Ltd. | 132,275 | 9,344 |
Kontoor Brands Inc. | 172,382 | 8,990 | |
* | Modine Manufacturing Co. | 354,410 | 8,651 |
* | Adtalem Global Education Inc. | 214,181 | 8,379 |
* | OneSpaWorld Holdings Ltd. | 659,627 | 7,645 |
1 | Cheesecake Factory Inc. | 199,510 | 7,470 |
LCI Industries | 59,424 | 6,704 | |
* | Leslie's Inc. | 499,184 | 6,295 |
* | Mattel Inc. | 273,639 | 4,923 |
Boyd Gaming Corp. | 70,401 | 4,585 | |
ADT Inc. | 549,536 | 4,143 | |
* | Helen of Troy Ltd. | 35,762 | 4,030 |
* | Stoneridge Inc. | 168,768 | 4,018 |
Gentex Corp. | 135,786 | 3,877 | |
* | Perdoceo Education Corp. | 242,166 | 3,338 |
* | Mohawk Industries Inc. | 30,661 | 3,153 |
* | LGI Homes Inc. | 25,678 | 2,678 |
* | Under Armour Inc. Class A | 260,472 | 2,586 |
* | Lands' End Inc. | 230,465 | 1,752 |
131,652 |
Shares | Market Value• ($000) | ||
Consumer Staples (1.1%) | |||
Spectrum Brands Holdings Inc. | 163,721 | 10,481 | |
J M Smucker Co. | 7,928 | 1,173 | |
11,654 | |||
Energy (3.7%) | |||
DTE Midstream LLC | 260,666 | 13,086 | |
Magnolia Oil & Gas Corp. Class A | 487,598 | 10,654 | |
PDC Energy Inc. | 119,599 | 8,026 | |
Viper Energy Partners LP | 155,604 | 4,455 | |
Core Laboratories NV | 146,091 | 3,487 | |
39,708 | |||
Financials (16.9%) | |||
PacWest Bancorp | 558,235 | 15,491 | |
Starwood Property Trust Inc. | 620,442 | 11,888 | |
* | Bancorp Inc. | 326,567 | 11,296 |
Wintrust Financial Corp. | 101,811 | 9,380 | |
BGC Partners Inc. Class A | 1,892,983 | 9,200 | |
Columbia Banking System Inc. | 302,191 | 8,984 | |
First Merchants Corp. | 218,597 | 8,945 | |
Pinnacle Financial Partners Inc. | 99,485 | 7,371 | |
First BanCorp (XNYS) | 494,888 | 7,181 | |
Washington Federal Inc. | 191,722 | 6,724 | |
Popular Inc. | 93,964 | 6,709 | |
Pacific Premier Bancorp Inc. | 205,229 | 6,654 | |
BankUnited Inc. | 181,847 | 6,441 | |
Webster Financial Corp. | 116,303 | 6,178 | |
Flushing Financial Corp. | 313,071 | 6,092 | |
* | NMI Holdings Inc. Class A | 231,449 | 5,402 |
WSFS Financial Corp. | 107,807 | 5,381 | |
Renasant Corp. | 142,427 | 5,124 | |
Northern Trust Corp. | 51,274 | 4,885 | |
Evercore Inc. Class A | 35,655 | 4,677 | |
Carlyle Group Inc. | 128,531 | 4,421 | |
BOK Financial Corp. | 41,768 | 4,372 | |
PJT Partners Inc. Class A | 52,237 | 4,120 | |
Affiliated Managers Group Inc. | 24,093 | 3,841 | |
Lazard Ltd. Class A | 96,057 | 3,589 | |
First American Financial Corp. | 61,239 | 3,477 | |
* | Green Dot Corp. Class A | 79,748 | 1,510 |
Shares | Market Value• ($000) | ||
Janus Henderson Group plc | 50,771 | 1,394 | |
180,727 | |||
Health Care (5.2%) | |||
* | Envista Holdings Corp. | 273,616 | 10,578 |
* | Enovis Corp. | 152,292 | 8,775 |
* | Varex Imaging Corp. | 290,576 | 5,140 |
* | QuidelOrtho Corp. | 49,948 | 4,343 |
* | LivaNova plc | 89,913 | 4,255 |
Laboratory Corp. of America Holdings | 17,507 | 4,191 | |
* | Pacira BioSciences Inc. | 95,476 | 4,064 |
* | Merit Medical Systems Inc. | 51,409 | 3,628 |
* | Charles River Laboratories International Inc. | 14,974 | 3,284 |
* | Prestige Consumer Healthcare Inc. | 49,623 | 2,990 |
* | Acadia Healthcare Co. Inc. | 31,198 | 2,262 |
* | Bio-Rad Laboratories Inc. Class A | 3,966 | 1,895 |
55,405 | |||
Industrials (17.0%) | |||
BWX Technologies Inc. | 226,259 | 13,827 | |
* | GXO Logistics Inc. | 240,643 | 11,929 |
* | KAR Auction Services Inc. | 807,842 | 11,544 |
* | Beacon Roofing Supply Inc. | 146,898 | 9,548 |
* | WESCO International Inc. | 54,373 | 9,003 |
Esab Corp. | 151,611 | 8,892 | |
KBR Inc. | 159,819 | 8,808 | |
* | Univar Solutions Inc. | 250,368 | 8,700 |
MDU Resources Group Inc. | 270,483 | 8,615 | |
Applied Industrial Technologies Inc. | 58,514 | 8,359 | |
EnerSys | 74,224 | 6,731 | |
* | Builders FirstSource Inc. | 71,285 | 6,044 |
* | Stericycle Inc. | 124,057 | 5,915 |
* | Array Technologies Inc. | 308,933 | 5,789 |
nVent Electric plc | 113,993 | 5,226 | |
* | MRC Global Inc. | 442,532 | 4,956 |
Kennametal Inc. | 168,561 | 4,775 | |
FTAI Aviation Ltd. | 181,425 | 4,585 | |
* | IAA Inc. | 107,607 | 4,402 |
Interface Inc. Class A | 488,020 | 4,304 | |
Masco Corp. | 72,931 | 3,824 | |
HNI Corp. | 121,122 | 3,785 | |
* | Resideo Technologies Inc. | 202,631 | 3,716 |
* | XPO Inc. | 103,904 | 3,466 |
Kaman Corp. | 133,168 | 3,462 | |
Brink's Co. | 51,264 | 3,345 | |
Snap-on Inc. | 9,521 | 2,368 | |
* | Generac Holdings Inc. | 17,127 | 2,056 |
Greenbrier Cos. Inc. | 54,618 | 1,754 | |
Simpson Manufacturing Co. Inc. | 12,121 | 1,307 | |
181,035 | |||
Information Technology (10.8%) | |||
* | Verint Systems Inc. | 341,899 | 12,780 |
* | Insight Enterprises Inc. | 84,913 | 11,372 |
Belden Inc. | 123,154 | 10,392 | |
Jabil Inc. | 119,596 | 9,930 | |
* | Verra Mobility Corp. Class A | 541,777 | 9,335 |
* | Fabrinet | 61,447 | 7,489 |
* | Euronet Worldwide Inc. | 66,832 | 7,275 |
Concentrix Corp. | 51,429 | 7,037 |
Shares | Market Value• ($000) | ||
TD SYNNEX Corp. | 64,558 | 6,231 | |
MKS Instruments Inc. | 61,805 | 5,991 | |
* | Teledyne Technologies Inc. | 13,682 | 5,884 |
* | Zebra Technologies Corp. Class A | 18,045 | 5,418 |
* | Consensus Cloud Solutions Inc. | 102,589 | 4,210 |
* | ACI Worldwide Inc. | 146,333 | 3,783 |
* | Ultra Clean Holdings Inc. | 110,839 | 3,531 |
* | Keysight Technologies Inc. | 18,124 | 2,899 |
* | MACOM Technology Solutions Holdings Inc. Class H | 30,521 | 2,092 |
115,649 | |||
Materials (10.2%) | |||
Silgan Holdings Inc. | 597,754 | 31,920 | |
* | Axalta Coating Systems Ltd. | 586,018 | 17,463 |
FMC Corp. | 109,076 | 14,087 | |
Ashland Inc. | 128,364 | 13,065 | |
Eagle Materials Inc. | 57,546 | 8,075 | |
* | Diversey Holdings Ltd. | 966,891 | �� 5,714 |
Carpenter Technology Corp. | 116,662 | 5,638 | |
Pactiv Evergreen Inc. | 431,139 | 4,661 | |
Graphic Packaging Holding Co. | 172,550 | 4,107 | |
* | ATI Inc. | 89,341 | 3,632 |
108,362 | |||
Real Estate (9.4%) | |||
Gaming and Leisure Properties Inc. | 371,039 | 19,992 | |
1 | Medical Properties Trust Inc. | 1,035,357 | 10,664 |
Agree Realty Corp. | 106,625 | 7,547 | |
SITE Centers Corp. | 530,267 | 7,090 | |
Corporate Office Properties Trust | 272,338 | 6,926 | |
Spirit Realty Capital Inc. | 164,546 | 6,776 | |
STAG Industrial Inc. | 197,241 | 6,635 | |
NETSTREIT Corp. | 269,388 | 5,439 | |
Independence Realty Trust Inc. | 292,231 | 5,287 | |
Equity Commonwealth | 223,759 | 4,750 | |
Newmark Group Inc. Class A | 583,844 | 4,682 | |
RPT Realty | 378,018 | 4,052 | |
* | CBRE Group Inc. Class A | 41,453 | 3,529 |
* | Jones Lang LaSalle Inc. | 19,079 | 3,329 |
Sunstone Hotel Investors Inc. | 299,750 | 3,168 | |
99,866 | |||
Utilities (1.4%) | |||
Portland General Electric Co. | 149,217 | 7,133 | |
ALLETE Inc. | 79,009 | 4,834 | |
Unitil Corp. | 58,193 | 3,161 | |
15,128 | |||
Total Common Stocks (Cost $842,813) | 1,010,821 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (7.2%) | |||
Money Market Fund (7.2%) | |||
2,3 | Vanguard Market Liquidity Fund, 4.640% (Cost $76,329) | 763,468 | 76,339 |
Total Investments (101.9%) (Cost $919,142) | 1,087,160 | ||
Other Assets and Liabilities—Net (-1.9%) | (19,940) | ||
Net Assets (100%) | 1,067,220 | ||
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 $21,339,000. |
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 $22,668,000 was received for securities on loan. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini Russell 2000 Index | March 2023 | 273 | 25,923 | 1,154 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $842,813) | 1,010,821 |
Affiliated Issuers (Cost $76,329) | 76,339 |
Total Investments in Securities | 1,087,160 |
Investment in Vanguard | 39 |
Cash | 4,787 |
Cash Collateral Pledged—Futures Contracts | 1,593 |
Receivables for Investment Securities Sold | 867 |
Receivables for Accrued Income | 1,810 |
Receivables for Capital Shares Issued | 628 |
Variation Margin Receivable—Futures Contracts | 3 |
Total Assets | 1,096,887 |
Liabilities | |
Payables for Investment Securities Purchased | 5,779 |
Collateral for Securities on Loan | 22,668 |
Payables to Investment Advisor | 710 |
Payables for Capital Shares Redeemed | 424 |
Payables to Vanguard | 86 |
Total Liabilities | 29,667 |
Net Assets | 1,067,220 |
1 Includes $21,339,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 907,615 |
Total Distributable Earnings (Loss) | 159,605 |
Net Assets | 1,067,220 |
Net Assets | |
Applicable to 25,849,330 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,067,220 |
Net Asset Value Per Share | $41.29 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 8,421 |
Interest2 | 1,134 |
Securities Lending—Net | 13 |
Total Income | 9,568 |
Expenses | |
Investment Advisory Fees—Note B | |
Basic Fee | 1,603 |
Performance Adjustment | (199) |
The Vanguard Group—Note C | |
Management and Administrative | 1,077 |
Marketing and Distribution | 38 |
Custodian Fees | 7 |
Shareholders’ Reports | 32 |
Trustees’ Fees and Expenses | — |
Other Expenses | 6 |
Total Expenses | 2,564 |
Expenses Paid Indirectly | (5) |
Net Expenses | 2,559 |
Net Investment Income | 7,009 |
Realized Net Gain (Loss) | |
Investment Securities Sold2 | (425) |
Futures Contracts | (204) |
Realized Net Gain (Loss) | (629) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 65,861 |
Futures Contracts | (182) |
Change in Unrealized Appreciation (Depreciation) | 65,679 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 72,059 |
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 $1,102,000, $8,000, less than $1,000, and $4,000, respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 7,009 | 12,097 | |
Realized Net Gain (Loss) | (629) | 25,613 | |
Change in Unrealized Appreciation (Depreciation) | 65,679 | (159,680) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 72,059 | (121,970) | |
Distributions | |||
Total Distributions | (39,564) | (47,190) | |
Capital Share Transactions | |||
Issued | 55,643 | 260,809 | |
Issued in Lieu of Cash Distributions | 37,424 | 44,561 | |
Redeemed | (140,877) | (218,148) | |
Net Increase (Decrease) from Capital Share Transactions | (47,810) | 87,222 | |
Total Increase (Decrease) | (15,315) | (81,938) | |
Net Assets | |||
Beginning of Period | 1,082,535 | 1,164,473 | |
End of Period | 1,067,220 | 1,082,535 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $39.93 | $46.26 | $30.32 | $33.49 | $40.53 | $34.45 |
Investment Operations | ||||||
Net Investment Income1 | .262 | .461 | .351 | .400 | .494 | .355 |
Net Realized and Unrealized Gain (Loss) on Investments | 2.572 | (4.910) | 15.911 | (3.032) | (4.921) | 7.112 |
Total from Investment Operations | 2.834 | (4.449) | 16.262 | (2.632) | (4.427) | 7.467 |
Distributions | ||||||
Dividends from Net Investment Income | (.495) | (.352) | (.322) | (.538) | (.366) | (.288) |
Distributions from Realized Capital Gains | (.979) | (1.529) | — | — | (2.247) | (1.099) |
Total Distributions | (1.474) | (1.881) | (.322) | (.538) | (2.613) | (1.387) |
Net Asset Value, End of Period | $41.29 | $39.93 | $46.26 | $30.32 | $33.49 | $40.53 |
Total Return2 | 7.28% | -10.05% | 53.90% | -8.12% | -10.10% | 22.10% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,067 | $1,083 | $1,164 | $563 | $655 | $768 |
Ratio of Total Expenses to Average Net Assets3 | 0.49%4 | 0.53%4 | 0.52% | 0.64% | 0.55% | 0.56% |
Ratio of Net Investment Income to Average Net Assets | 1.35% | 1.05% | 0.85% | 1.28% | 1.45% | 0.95% |
Portfolio Turnover Rate | 10% | 31% | 41% | 42% | 27% | 31% |
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 (0.04%), 0.02%, 0.01%, 0.09%, 0.01%, and 0.03%. |
4 | The ratio of expenses to average net assets for the period net of reduction from broker commission abatement arrangements was 0.49% and 0.53%. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | The investment advisory firms Frontier Capital Management Co., LLC, Cardinal Capital Management, L.L.C., and 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 periods prior to June 23, 2022, and to the new Russell 2500 Value Index, beginning June 23, 2022, for the preceding three years. The benchmark change will be fully phased in by August 2025. 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. | The fund has asked its investment advisors to direct certain security trades, subject to obtaining the best price and execution, to brokers who have agreed to rebate to the fund part of the commissions generated. Such rebates are used solely to reduce the fund’s management and administrative expenses. For the six months ended February 28, 2023, these arrangements reduced the fund’s expenses by $5,000 (an annual rate of less than 0.01% of average net assets). |
E. | 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. |
F. | As of February 28, 2023, 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 | 922,321 |
Gross Unrealized Appreciation | 226,667 |
Gross Unrealized Depreciation | (60,674) |
Net Unrealized Appreciation (Depreciation) | 165,993 |
G. | During the six months ended February 28, 2023, the fund purchased $97,026,000 of investment securities and sold $174,572,000 of investment securities, other than temporary cash investments. |
H. | Capital shares issued and redeemed were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
Shares (000) | Shares (000) | ||
Issued | 1,387 | 5,932 | |
Issued in Lieu of Cash Distributions | 950 | 997 | |
Redeemed | (3,600) | (4,988) | |
Net Increase (Decrease) in Shares Outstanding | (1,263) | 1,941 |
I. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
All rights reserved.
Vanguard Marketing Corporation, Distributor.
Vanguard Russell 1000 Index Fund |
Vanguard Russell 1000 Value Index Fund |
Vanguard Russell 1000 Growth Index Fund |
About Your Fund’s Expenses | 1 |
Russell 1000 Index Fund | 3 |
Russell 1000 Value Index Fund | 24 |
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, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Russell 1000 Index Fund | |||
ETF Shares | $1,000.00 | $1,013.40 | $0.40 |
Institutional Shares | 1,000.00 | 1,013.40 | 0.35 |
Russell 1000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,040.40 | $0.40 |
Institutional Shares | 1,000.00 | 1,040.40 | 0.35 |
Russell 1000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $987.50 | $0.39 |
Institutional Shares | 1,000.00 | 987.40 | 0.34 |
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 | 2.2% |
Consumer Discretionary | 14.3 |
Consumer Staples | 5.6 |
Energy | 4.9 |
Financials | 11.7 |
Health Care | 13.4 |
Industrials | 13.4 |
Real Estate | 3.1 |
Technology | 25.9 |
Telecommunications | 2.5 |
Utilities | 3.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Basic Materials (2.2%) | |||
Linde plc | 75,253 | 26,216 | |
Air Products and Chemicals Inc. | 33,722 | 9,644 | |
Freeport-McMoRan Inc. | 217,803 | 8,923 | |
Nucor Corp. | 39,061 | 6,540 | |
Dow Inc. | 107,239 | 6,134 | |
Ecolab Inc. | 37,808 | 6,025 | |
Newmont Corp. | 120,867 | 5,271 | |
Albemarle Corp. | 17,811 | 4,530 | |
Fastenal Co. | 87,600 | 4,517 | |
LyondellBasell Industries NV Class A | 39,102 | 3,753 | |
International Flavors & Fragrances Inc. | 38,772 | 3,614 | |
Steel Dynamics Inc. | 25,216 | 3,180 | |
Mosaic Co. | 52,075 | 2,770 | |
CF Industries Holdings Inc. | 29,782 | 2,558 | |
FMC Corp. | 19,207 | 2,481 | |
Avery Dennison Corp. | 12,450 | 2,268 | |
Reliance Steel & Aluminum Co. | 8,886 | 2,202 | |
International Paper Co. | 54,526 | 1,984 | |
Celanese Corp. Class A | 16,599 | 1,929 | |
* | Cleveland-Cliffs Inc. | 77,104 | 1,645 |
Eastman Chemical Co. | 18,511 | 1,577 | |
Alcoa Corp. | 27,143 | 1,328 | |
Royal Gold Inc. | 9,880 | 1,174 | |
Olin Corp. | 19,149 | 1,106 | |
US Steel Corp. | 35,482 | 1,087 | |
Southern Copper Corp. | 12,799 | 943 | |
Valvoline Inc. | 26,771 | 942 | |
Hexcel Corp. | 12,637 | 922 | |
* | Univar Solutions Inc. | 24,794 | 862 |
Huntsman Corp. | 27,840 | 817 | |
Timken Co. | 9,350 | 799 | |
Chemours Co. | 23,100 | 790 | |
Ashland Inc. | 7,635 | 777 | |
Element Solutions Inc. | 33,898 | 696 | |
Westlake Corp. | 4,921 | 586 | |
Scotts Miracle-Gro Co. | 6,244 | 515 | |
* | MP Materials Corp. | 14,026 | 491 |
SSR Mining Inc. (XTSE) | 32,743 | 447 | |
NewMarket Corp. | 868 | 298 | |
SSR Mining Inc. | 52 | 1 | |
122,342 |
Shares | Market Value• ($000) | ||
Consumer Discretionary (14.3%) | |||
* | Amazon.com Inc. | 1,354,250 | 127,611 |
* | Tesla Inc. | 393,805 | 81,010 |
Home Depot Inc. | 157,446 | 46,689 | |
Costco Wholesale Corp. | 67,451 | 32,658 | |
Walmart Inc. | 216,564 | 30,780 | |
McDonald's Corp. | 112,581 | 29,711 | |
* | Walt Disney Co. | 277,520 | 27,644 |
NIKE Inc. Class B | 186,627 | 22,169 | |
* | Netflix Inc. | 66,685 | 21,481 |
Lowe's Cos. Inc. | 94,696 | 19,484 | |
Starbucks Corp. | 174,653 | 17,830 | |
* | Booking Holdings Inc. | 5,914 | 14,927 |
TJX Cos. Inc. | 176,939 | 13,554 | |
Target Corp. | 70,671 | 11,908 | |
* | Uber Technologies Inc. | 292,527 | 9,729 |
Activision Blizzard Inc. | 118,210 | 9,014 | |
Estee Lauder Cos. Inc. Class A | 35,003 | 8,508 | |
General Motors Co. | 215,809 | 8,360 | |
* | O'Reilly Automotive Inc. | 9,430 | 7,828 |
Dollar General Corp. | 34,289 | 7,417 | |
Ford Motor Co. | 602,175 | 7,268 | |
* | AutoZone Inc. | 2,886 | 7,176 |
* | Airbnb Inc. Class A | 57,057 | 7,034 |
Marriott International Inc. Class A | 40,513 | 6,856 | |
* | Chipotle Mexican Grill Inc. Class A | 4,242 | 6,325 |
Hilton Worldwide Holdings Inc. | 40,411 | 5,840 | |
Ross Stores Inc. | 51,866 | 5,733 | |
* | Warner Bros Discovery Inc. | 359,048 | 5,608 |
Yum! Brands Inc. | 42,926 | 5,458 | |
* | Lululemon Athletica Inc. | 16,996 | 5,255 |
* | Aptiv plc | 41,153 | 4,785 |
* | Dollar Tree Inc. | 32,293 | 4,692 |
Electronic Arts Inc. | 42,149 | 4,676 | |
* | Copart Inc. | 64,869 | 4,571 |
DR Horton Inc. | 47,953 | 4,435 | |
* | Ulta Beauty Inc. | 7,670 | 3,979 |
Tractor Supply Co. | 16,804 | 3,920 | |
eBay Inc. | 83,005 | 3,810 | |
* | Delta Air Lines Inc. | 97,858 | 3,752 |
* | Trade Desk Inc. Class A | 66,966 | 3,747 |
Genuine Parts Co. | 21,143 | 3,739 | |
Lennar Corp. Class A | 38,099 | 3,686 | |
Southwest Airlines Co. | 90,381 | 3,035 | |
* | Las Vegas Sands Corp. | 50,452 | 2,899 |
Shares | Market Value• ($000) | ||
Omnicom Group Inc. | 31,075 | 2,814 | |
* | Take-Two Interactive Software Inc. | 24,926 | 2,731 |
Darden Restaurants Inc. | 18,703 | 2,674 | |
* | United Airlines Holdings Inc. | 50,021 | 2,599 |
Best Buy Co. Inc. | 30,410 | 2,527 | |
* | Expedia Group Inc. | 23,097 | 2,517 |
* | Roblox Corp. Class A | 68,228 | 2,500 |
* | Spotify Technology SA | 21,128 | 2,457 |
* | Royal Caribbean Cruises Ltd. | 33,282 | 2,351 |
Garmin Ltd. | 23,593 | 2,315 | |
* | Etsy Inc. | 19,048 | 2,313 |
* | NVR Inc. | 440 | 2,276 |
LKQ Corp. | 37,717 | 2,161 | |
* | Burlington Stores Inc. | 10,061 | 2,156 |
Interpublic Group of Cos. Inc. | 59,406 | 2,111 | |
MGM Resorts International | 49,020 | 2,108 | |
* | Liberty Media Corp.-Liberty Formula One Class C | 30,527 | 2,072 |
Pool Corp. | 5,757 | 2,054 | |
PulteGroup Inc. | 34,795 | 1,902 | |
Paramount Global Inc. Class B | 87,293 | 1,870 | |
BorgWarner Inc. (XNYS) | 35,651 | 1,793 | |
* | Live Nation Entertainment Inc. | 23,770 | 1,713 |
* | Wynn Resorts Ltd. | 15,774 | 1,709 |
* | Five Below Inc. | 8,279 | 1,691 |
* | Deckers Outdoor Corp. | 4,023 | 1,675 |
* | CarMax Inc. | 24,251 | 1,674 |
Tapestry Inc. | 36,601 | 1,593 | |
Domino's Pizza Inc. | 5,382 | 1,582 | |
Fox Corp. Class A | 45,092 | 1,579 | |
* | Caesars Entertainment Inc. | 30,985 | 1,573 |
* | Carnival Corp. | 147,955 | 1,571 |
* | American Airlines Group Inc. | 97,643 | 1,560 |
Service Corp. International | 22,912 | 1,547 | |
* | Rivian Automotive Inc. Class A | 78,469 | 1,514 |
* | BJ's Wholesale Club Holdings Inc. | 20,607 | 1,480 |
* | Floor & Decor Holdings Inc. Class A | 15,629 | 1,435 |
Vail Resorts Inc. | 6,086 | 1,421 | |
Bath & Body Works Inc. | 34,557 | 1,412 | |
Churchill Downs Inc. | 5,427 | 1,334 | |
Advance Auto Parts Inc. | 9,168 | 1,329 | |
VF Corp. | 52,868 | 1,312 | |
Aramark | 34,972 | 1,287 | |
Rollins Inc. | 35,701 | 1,257 | |
Lear Corp. | 8,956 | 1,251 | |
Williams-Sonoma Inc. | 10,012 | 1,251 | |
Whirlpool Corp. | 8,120 | 1,120 | |
Hasbro Inc. | 19,844 | 1,092 | |
Tempur Sealy International Inc. | 25,446 | 1,088 | |
Lithia Motors Inc. Class A | 4,181 | 1,067 | |
News Corp. Class A | 60,326 | 1,035 | |
Wyndham Hotels & Resorts Inc. | 13,433 | 1,035 | |
Dick's Sporting Goods Inc. | 8,036 | 1,034 | |
Nexstar Media Group Inc. Class A | 5,554 | 1,033 | |
* | Planet Fitness Inc. Class A | 12,715 | 1,031 |
Shares | Market Value• ($000) | ||
* | DraftKings Inc. Class A | 54,132 | 1,021 |
Gentex Corp. | 35,483 | 1,013 | |
* | SiteOne Landscape Supply Inc. | 6,667 | 989 |
Polaris Inc. | 8,550 | 973 | |
Harley-Davidson Inc. | 20,279 | 964 | |
Toll Brothers Inc. | 16,066 | 963 | |
New York Times Co. Class A | 24,836 | 956 | |
* | Mattel Inc. | 53,099 | 955 |
* | Capri Holdings Ltd. | 19,100 | 947 |
* | Norwegian Cruise Line Holdings Ltd. | 63,175 | 936 |
* | Skechers USA Inc. Class A | 20,177 | 898 |
* | Alaska Air Group Inc. | 18,664 | 893 |
Marriott Vacations Worldwide Corp. | 5,830 | 892 | |
* | RH | 2,939 | 879 |
H&R Block Inc. | 23,309 | 858 | |
* | Avis Budget Group Inc. | 3,889 | 854 |
* | Hyatt Hotels Corp. Class A | 7,298 | 848 |
Newell Brands Inc. | 57,037 | 838 | |
Macy's Inc. | 40,549 | 830 | |
* | IAA Inc. | 20,179 | 826 |
PVH Corp. | 10,127 | 813 | |
*,1 | GameStop Corp. Class A | 40,561 | 780 |
Boyd Gaming Corp. | 11,849 | 772 | |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 23,503 | 757 |
Ralph Lauren Corp. Class A | 6,326 | 748 | |
*,1 | Lucid Group Inc. | 80,300 | 733 |
* | Penn Entertainment Inc. | 23,828 | 727 |
Thor Industries Inc. | 7,899 | 719 | |
Fox Corp. Class B | 21,891 | 706 | |
* | AutoNation Inc. | 5,090 | 695 |
Leggett & Platt Inc. | 20,088 | 693 | |
* | Bright Horizons Family Solutions Inc. | 8,673 | 684 |
1 | U-Haul Holding Co. | 12,281 | 683 |
* | Coty Inc. Class A | 53,839 | 608 |
* | Peloton Interactive Inc. Class A | 46,681 | 603 |
Choice Hotels International Inc. | 4,839 | 573 | |
Penske Automotive Group Inc. | 3,900 | 562 | |
Wendy's Co. | 25,433 | ���559 | |
World Wrestling Entertainment Inc. Class A | 6,650 | 559 | |
*,1 | AMC Entertainment Holdings Inc. Class A | 76,331 | 545 |
Madison Square Garden Sports Corp. | 2,826 | 540 | |
* | Ollie's Bargain Outlet Holdings Inc. | 9,357 | 538 |
* | Hertz Global Holdings Inc. | 28,788 | 533 |
* | Grand Canyon Education Inc. | 4,638 | 525 |
Travel + Leisure Co. | 12,433 | 522 | |
* | YETI Holdings Inc. | 13,267 | 517 |
Kohl's Corp. | 18,025 | 505 | |
*,1 | Wayfair Inc. Class A | 12,258 | 496 |
* | Lyft Inc. Class A | 48,692 | 487 |
* | Victoria's Secret & Co. | 12,103 | 480 |
1 | Sirius XM Holdings Inc. | 105,977 | 465 |
Columbia Sportswear Co. | 5,268 | 459 | |
Carter's Inc. | 5,906 | 445 |
Shares | Market Value• ($000) | ||
* | Copa Holdings SA Class A | 4,455 | 411 |
Gap Inc. | 30,033 | 391 | |
* | JetBlue Airways Corp. | 46,855 | 389 |
*,1 | QuantumScape Corp. Class A | 38,856 | 372 |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 11,179 | 362 |
* | Under Armour Inc. Class A | 35,732 | 355 |
1 | Nordstrom Inc. | 17,570 | 342 |
* | TripAdvisor Inc. | 15,864 | 342 |
* | Leslie's Inc. | 23,459 | 296 |
Hanesbrands Inc. | 51,735 | 294 | |
* | Driven Brands Holdings Inc. | 10,135 | 284 |
* | Six Flags Entertainment Corp. | 10,671 | 282 |
News Corp. Class B | 16,229 | 280 | |
Lennar Corp. Class B | 2,405 | 196 | |
* | Under Armour Inc. Class C | 21,531 | 189 |
* | Liberty Media Corp.- Liberty Formula One Class A | 3,022 | 184 |
*,1 | Carvana Co. Class A | 16,227 | 153 |
* | Petco Health & Wellness Co. Inc. Class A | 12,506 | 129 |
* | Playtika Holding Corp. | 13,334 | 128 |
*,1 | Mister Car Wash Inc. | 12,795 | 118 |
1 | U-Haul Holding Co. (XNYS) | 1,347 | 87 |
1 | Paramount Global Class A | 2,317 | 57 |
804,182 | |||
Consumer Staples (5.6%) | |||
Procter & Gamble Co. | 359,704 | 49,481 | |
PepsiCo Inc. | 210,607 | 36,547 | |
Coca-Cola Co. | 594,815 | 35,397 | |
Philip Morris International Inc. | 236,032 | 22,966 | |
CVS Health Corp. | 199,973 | 16,706 | |
Mondelez International Inc. Class A | 207,564 | 13,529 | |
Altria Group Inc. | 273,617 | 12,704 | |
Colgate-Palmolive Co. | 126,182 | 9,249 | |
McKesson Corp. | 21,594 | 7,554 | |
General Mills Inc. | 90,764 | 7,217 | |
Corteva Inc. | 109,101 | 6,796 | |
Archer-Daniels-Midland Co. | 83,341 | 6,634 | |
Kimberly-Clark Corp. | 51,236 | 6,407 | |
Sysco Corp. | 77,377 | 5,770 | |
* | Monster Beverage Corp. | 55,873 | 5,686 |
Hershey Co. | 22,181 | 5,286 | |
Constellation Brands Inc. Class A | 23,047 | 5,156 | |
Keurig Dr Pepper Inc. | 130,589 | 4,512 | |
Kroger Co. | 99,753 | 4,303 | |
Kraft Heinz Co. | 106,234 | 4,137 | |
Walgreens Boots Alliance Inc. | 109,171 | 3,879 | |
AmerisourceBergen Corp. | 23,633 | 3,676 | |
Church & Dwight Co. Inc. | 37,042 | 3,103 | |
Clorox Co. | 18,802 | 2,923 | |
McCormick & Co. Inc. | 38,213 | 2,840 | |
Conagra Brands Inc. | 71,757 | 2,613 | |
Tyson Foods Inc. Class A | 43,456 | 2,574 | |
Kellogg Co. | 38,877 | 2,564 | |
J M Smucker Co. | 15,797 | 2,336 | |
Lamb Weston Holdings Inc. | 22,099 | 2,224 | |
Bunge Ltd. | 21,148 | 2,020 | |
Hormel Foods Corp. | 43,837 | 1,945 |
Shares | Market Value• ($000) | ||
Brown-Forman Corp. Class B | 27,948 | 1,813 | |
Campbell Soup Co. | 29,313 | 1,539 | |
* | Darling Ingredients Inc. | 24,212 | 1,532 |
Molson Coors Beverage Co. Class B | 26,971 | 1,435 | |
* | Performance Food Group Co. | 23,008 | 1,302 |
Casey's General Stores Inc. | 5,648 | 1,174 | |
* | US Foods Holding Corp. | 30,494 | 1,144 |
Ingredion Inc. | 9,889 | 983 | |
Flowers Foods Inc. | 28,300 | 789 | |
* | Post Holdings Inc. | 8,290 | 746 |
Albertsons Cos. Inc. Class A | 25,430 | 506 | |
Brown-Forman Corp. Class A | 7,073 | 459 | |
* | Boston Beer Co. Inc. Class A | 1,410 | 457 |
* | Freshpet Inc. | 6,889 | 428 |
Spectrum Brands Holdings Inc. | 5,813 | 372 | |
* | Grocery Outlet Holding Corp. | 13,668 | 370 |
Reynolds Consumer Products Inc. | 8,308 | 228 | |
* | Pilgrim's Pride Corp. | 7,196 | 168 |
Seaboard Corp. | 36 | 142 | |
* | Olaplex Holdings Inc. | 19,216 | 94 |
314,415 | |||
Energy (4.9%) | |||
Exxon Mobil Corp. | 627,836 | 69,005 | |
Chevron Corp. | 294,626 | 47,367 | |
ConocoPhillips | 189,752 | 19,611 | |
Schlumberger Ltd. | 215,173 | 11,449 | |
EOG Resources Inc. | 89,097 | 10,070 | |
Marathon Petroleum Corp. | 71,258 | 8,807 | |
Valero Energy Corp. | 58,557 | 7,714 | |
Phillips 66 | 71,926 | 7,377 | |
Pioneer Natural Resources Co. | 36,282 | 7,271 | |
Occidental Petroleum Corp. | 120,854 | 7,077 | |
Cheniere Energy Inc. | 37,903 | 5,964 | |
Hess Corp. | 43,014 | 5,794 | |
Williams Cos. Inc. | 185,611 | 5,587 | |
Devon Energy Corp. | 98,961 | 5,336 | |
Kinder Morgan Inc. | 302,526 | 5,161 | |
Halliburton Co. | 136,513 | 4,946 | |
ONEOK Inc. | 67,702 | 4,431 | |
Baker Hughes Co. Class A | 143,417 | 4,389 | |
* | Enphase Energy Inc. | 19,912 | 4,192 |
Diamondback Energy Inc. | 26,840 | 3,773 | |
Coterra Energy Inc. | 119,683 | 2,988 | |
* | First Solar Inc. | 16,233 | 2,746 |
Targa Resources Corp. | 34,710 | 2,572 | |
Marathon Oil Corp. | 96,085 | 2,417 | |
APA Corp. | 49,155 | 1,887 | |
EQT Corp. | 56,470 | 1,874 | |
Ovintiv Inc. (XNYS) | 37,983 | 1,624 | |
Texas Pacific Land Corp. | 866 | 1,542 | |
Chesapeake Energy Corp. | 18,312 | 1,480 | |
NOV Inc. | 59,105 | 1,293 | |
*,1 | Plug Power Inc. | 78,443 | 1,166 |
* | Antero Resources Corp. | 43,640 | 1,143 |
HF Sinclair Corp. | 20,433 | 1,016 | |
Range Resources Corp. | 35,810 | 965 | |
PDC Energy Inc. | 13,334 | 895 |
Shares | Market Value• ($000) | ||
* | Southwestern Energy Co. | 168,048 | 891 |
DTE Midstream LLC | 14,636 | 735 | |
Antero Midstream Corp. | 50,330 | 530 | |
*,1 | ChargePoint Holdings Inc. | 37,183 | 422 |
New Fortress Energy Inc. Class A | 8,133 | 268 | |
Enviva Inc. | 4,788 | 209 | |
* | Vitesse Energy Inc. | 3,617 | 63 |
274,047 | |||
Financials (11.7%) | |||
* | Berkshire Hathaway Inc. Class B | 274,929 | 83,903 |
JPMorgan Chase & Co. | 444,435 | 63,710 | |
Bank of America Corp. | 1,069,932 | 36,699 | |
Wells Fargo & Co. | 577,720 | 27,020 | |
Morgan Stanley | 187,792 | 18,122 | |
Charles Schwab Corp. | 231,444 | 18,034 | |
Goldman Sachs Group Inc. | 49,950 | 17,565 | |
S&P Global Inc. | 49,650 | 16,941 | |
BlackRock Inc. | 22,850 | 15,753 | |
Citigroup Inc. | 294,601 | 14,933 | |
Chubb Ltd. | 63,319 | 13,362 | |
Progressive Corp. | 88,924 | 12,762 | |
Marsh & McLennan Cos. Inc. | 75,450 | 12,233 | |
CME Group Inc. | 54,631 | 10,126 | |
US Bancorp | 204,490 | 9,760 | |
Blackstone Inc. | 106,825 | 9,700 | |
PNC Financial Services Group Inc. | 61,393 | 9,695 | |
Truist Financial Corp. | 202,949 | 9,528 | |
Aon plc Class A (XNYS) | 31,193 | 9,484 | |
Intercontinental Exchange Inc. | 84,180 | 8,570 | |
MetLife Inc. | 100,486 | 7,208 | |
Moody's Corp. | 24,318 | 7,056 | |
American International Group Inc. | 113,190 | 6,917 | |
Travelers Cos. Inc. | 35,667 | 6,603 | |
Aflac Inc. | 93,915 | 6,400 | |
MSCI Inc. Class A | 11,814 | 6,169 | |
Arthur J Gallagher & Co. | 31,679 | 5,935 | |
Bank of New York Mellon Corp. | 111,802 | 5,688 | |
Prudential Financial Inc. | 56,133 | 5,613 | |
Ameriprise Financial Inc. | 16,224 | 5,563 | |
Apollo Global Management Inc. | 73,543 | 5,214 | |
Allstate Corp. | 40,186 | 5,175 | |
State Street Corp. | 55,845 | 4,952 | |
KKR & Co. Inc. | 87,099 | 4,908 | |
Discover Financial Services | 41,526 | 4,651 | |
M&T Bank Corp. | 26,207 | 4,070 | |
Willis Towers Watson plc | 16,412 | 3,846 | |
Hartford Financial Services Group Inc. | 48,449 | 3,793 | |
* | Arch Capital Group Ltd. | 53,956 | 3,777 |
T Rowe Price Group Inc. | 33,593 | 3,772 | |
Fifth Third Bancorp | 103,844 | 3,770 | |
First Republic Bank | 27,699 | 3,407 | |
Huntington Bancshares Inc. | 218,883 | 3,353 | |
Regions Financial Corp. | 142,483 | 3,323 | |
Principal Financial Group Inc. | 36,974 | 3,311 | |
Raymond James Financial Inc. | 29,677 | 3,219 |
Shares | Market Value• ($000) | ||
Citizens Financial Group Inc. | 74,499 | 3,111 | |
LPL Financial Holdings Inc. | 12,179 | 3,039 | |
Northern Trust Corp. | 31,327 | 2,985 | |
Nasdaq Inc. | 52,368 | 2,936 | |
Cincinnati Financial Corp | 23,385 | 2,823 | |
* | Markel Corp. | 2,028 | 2,697 |
KeyCorp | 142,548 | 2,607 | |
* | SVB Financial Group | 8,963 | 2,582 |
Broadridge Financial Solutions Inc. | 17,792 | 2,505 | |
FactSet Research Systems Inc. | 5,764 | 2,389 | |
Everest Re Group Ltd. | 5,911 | 2,270 | |
W R Berkley Corp. | 31,474 | 2,083 | |
Cboe Global Markets Inc. | 16,218 | 2,046 | |
Brown & Brown Inc. | 35,721 | 2,003 | |
First Horizon Corp. | 79,919 | 1,980 | |
MarketAxess Holdings Inc. | 5,664 | 1,934 | |
Ares Management Corp. Class A | 23,392 | 1,886 | |
Loews Corp. | 30,078 | 1,837 | |
Equitable Holdings Inc. | 56,521 | 1,776 | |
Globe Life Inc. | 13,521 | 1,645 | |
East West Bancorp Inc. | 21,333 | 1,626 | |
Fidelity National Financial Inc. | 39,839 | 1,588 | |
*,1 | Coinbase Global Inc. Class A | 24,406 | 1,582 |
Reinsurance Group of America Inc. | 10,273 | 1,484 | |
Annaly Capital Management Inc. | 70,859 | 1,465 | |
Webster Financial Corp. | 26,352 | 1,400 | |
RenaissanceRe Holdings Ltd. | 6,479 | 1,392 | |
Comerica Inc. | 19,753 | 1,385 | |
Ally Financial Inc. | 45,639 | 1,371 | |
American Financial Group Inc. | 10,143 | 1,360 | |
Unum Group | 30,241 | 1,347 | |
Franklin Resources Inc. | 43,136 | 1,271 | |
First Citizens BancShares Inc. Class A | 1,669 | 1,225 | |
Interactive Brokers Group Inc. Class A | 13,996 | 1,205 | |
Cullen/Frost Bankers Inc. | 9,008 | 1,187 | |
Western Alliance Bancorp | 15,984 | 1,187 | |
Jefferies Financial Group Inc. | 30,736 | 1,162 | |
Tradeweb Markets Inc. Class A | 16,244 | 1,152 | |
Commerce Bancshares Inc. | 17,323 | 1,146 | |
Zions Bancorp NA | 22,494 | 1,139 | |
Old Republic International Corp. | 42,800 | 1,129 | |
Voya Financial Inc. | 14,718 | 1,096 | |
Primerica Inc. | 5,656 | 1,086 | |
Signature Bank | 9,409 | 1,082 | |
Carlyle Group Inc. | 31,257 | 1,075 | |
Stifel Financial Corp. | 15,647 | 1,046 | |
Assurant Inc. | 8,032 | 1,023 | |
Invesco Ltd. | 56,513 | 998 | |
Prosperity Bancshares Inc. | 13,273 | 975 | |
AGNC Investment Corp. | 88,604 | 963 | |
SEI Investments Co. | 15,577 | 939 | |
Affiliated Managers Group Inc. | 5,771 | 920 |
Shares | Market Value• ($000) | ||
Synovus Financial Corp. | 21,826 | 913 | |
New York Community Bancorp Inc. | 100,873 | 896 | |
Erie Indemnity Co. Class A | 3,778 | 889 | |
First American Financial Corp. | 15,219 | 864 | |
* | Robinhood Markets Inc. Class A | 84,925 | 855 |
Starwood Property Trust Inc. | 44,172 | 846 | |
Pinnacle Financial Partners Inc. | 11,303 | 837 | |
Wintrust Financial Corp. | 9,019 | 831 | |
* | SoFi Technologies Inc. | 124,439 | 821 |
Lincoln National Corp. | 25,678 | 815 | |
Popular Inc. | 11,114 | 794 | |
Bank OZK | 16,949 | 780 | |
Morningstar Inc. | 3,750 | 777 | |
1 | Blue Owl Capital Inc. Class A | 62,845 | 776 |
FNB Corp. | 52,818 | 754 | |
OneMain Holdings Inc. | 17,471 | 753 | |
Hanover Insurance Group Inc. | 5,317 | 742 | |
Evercore Inc. Class A | 5,464 | 717 | |
Axis Capital Holdings Ltd. | 11,645 | 707 | |
* | Brighthouse Financial Inc. | 10,779 | 623 |
MGIC Investment Corp. | 44,983 | 619 | |
Kemper Corp. | 9,541 | 588 | |
Rithm Capital Corp. | 64,454 | 587 | |
Umpqua Holdings Corp. | 32,632 | 576 | |
Assured Guaranty Ltd. | 8,950 | 559 | |
Janus Henderson Group plc | 20,250 | 556 | |
White Mountains Insurance Group Ltd. | 378 | 546 | |
* | Ryan Specialty Holdings Inc. | 12,840 | 541 |
SLM Corp. | 37,561 | 540 | |
First Hawaiian Inc. | 19,343 | 529 | |
Lazard Ltd. Class A | 12,769 | 477 | |
PacWest Bancorp | 17,090 | 474 | |
BOK Financial Corp. | 4,471 | 468 | |
*,1 | Credit Acceptance Corp. | 1,020 | 453 |
Bank of Hawaii Corp. | 5,883 | 440 | |
Columbia Banking System Inc. | 12,067 | 359 | |
Virtu Financial Inc. Class A | 14,174 | 261 | |
Corebridge Financial Inc. | 12,053 | 244 | |
*,1 | Upstart Holdings Inc. | 10,362 | 192 |
CNA Financial Corp. | 4,100 | 179 | |
1 | Rocket Cos. Inc. Class A | 18,182 | 143 |
TFS Financial Corp. | 7,533 | 109 | |
F&G Annuities & Life Inc. | 2,702 | 55 | |
1 | UWM Holdings Corp. | 12,409 | 53 |
657,271 | |||
Health Care (13.4%) | |||
UnitedHealth Group Inc. | 142,542 | 67,841 | |
Johnson & Johnson | 401,110 | 61,474 | |
AbbVie Inc. | 269,367 | 41,456 | |
Merck & Co. Inc. | 385,521 | 40,958 | |
Eli Lilly & Co. | 128,414 | 39,965 | |
Pfizer Inc. | 861,165 | 34,937 | |
Thermo Fisher Scientific Inc. | 59,604 | 32,291 | |
Abbott Laboratories | 261,328 | 26,582 | |
Danaher Corp. | 98,575 | 24,400 |
Shares | Market Value• ($000) | ||
Bristol-Myers Squibb Co. | 324,388 | 22,370 | |
Amgen Inc. | 81,339 | 18,843 | |
Elevance Health Inc. | 36,771 | 17,270 | |
Medtronic plc | 203,618 | 16,860 | |
Gilead Sciences Inc. | 191,215 | 15,399 | |
Stryker Corp. | 53,533 | 14,073 | |
Cigna Group | 45,664 | 13,338 | |
* | Intuitive Surgical Inc. | 53,666 | 12,310 |
* | Regeneron Pharmaceuticals Inc. | 15,786 | 12,004 |
Zoetis Inc. | 71,715 | 11,976 | |
* | Vertex Pharmaceuticals Inc. | 38,956 | 11,309 |
* | Boston Scientific Corp. | 217,455 | 10,159 |
Becton Dickinson and Co. | 43,244 | 10,143 | |
Humana Inc. | 19,243 | 9,526 | |
HCA Healthcare Inc. | 32,853 | 7,998 | |
* | Edwards Lifesciences Corp. | 94,134 | 7,572 |
* | Moderna Inc. | 50,550 | 7,017 |
* | DexCom Inc. | 58,803 | 6,528 |
Agilent Technologies Inc. | 44,953 | 6,382 | |
* | IDEXX Laboratories Inc. | 12,515 | 5,923 |
* | Centene Corp. | 86,500 | 5,917 |
* | IQVIA Holdings Inc. | 28,220 | 5,883 |
* | Biogen Inc. | 21,795 | 5,882 |
* | Illumina Inc. | 23,983 | 4,777 |
ResMed Inc. | 21,997 | 4,685 | |
* | GE Healthcare Inc. | 55,457 | 4,215 |
Zimmer Biomet Holdings Inc. | 31,950 | 3,958 | |
* | Seagen Inc. | 20,790 | 3,736 |
* | Horizon Therapeutics plc | 33,694 | 3,689 |
* | Align Technology Inc. | 11,900 | 3,683 |
West Pharmaceutical Services Inc. | 11,293 | 3,580 | |
* | Alnylam Pharmaceuticals Inc. | 18,685 | 3,577 |
* | Veeva Systems Inc. Class A | 21,227 | 3,516 |
Laboratory Corp. of America Holdings | 13,527 | 3,238 | |
Baxter International Inc. | 76,683 | 3,063 | |
Cardinal Health Inc. | 39,765 | 3,011 | |
* | Hologic Inc. | 37,503 | 2,987 |
* | Insulet Corp. | 10,490 | 2,899 |
STERIS plc | 15,214 | 2,861 | |
* | BioMarin Pharmaceutical Inc. | 28,215 | 2,810 |
Cooper Cos. Inc. | 7,457 | 2,438 | |
* | Molina Healthcare Inc. | 8,742 | 2,407 |
PerkinElmer Inc. | 19,205 | 2,392 | |
Quest Diagnostics Inc. | 17,229 | 2,384 | |
* | Avantor Inc. | 93,384 | 2,276 |
* | Incyte Corp. | 27,863 | 2,145 |
Viatris Inc. | 185,490 | 2,115 | |
Royalty Pharma plc Class A | 56,730 | 2,034 | |
* | Catalent Inc. | 27,264 | 1,860 |
Bio-Techne Corp. | 23,569 | 1,712 | |
Teleflex Inc. | 7,121 | 1,696 | |
* | Charles River Laboratories International Inc. | 7,721 | 1,694 |
* | United Therapeutics Corp. | 6,808 | 1,675 |
* | Exact Sciences Corp. | 26,781 | 1,669 |
* | Henry Schein Inc. | 20,459 | 1,602 |
* | QIAGEN NV | 34,232 | 1,573 |
* | Bio-Rad Laboratories Inc. Class A | 3,272 | 1,563 |
* | Sarepta Therapeutics Inc. | 12,676 | 1,548 |
Shares | Market Value• ($000) | ||
* | Neurocrine Biosciences Inc. | 14,360 | 1,481 |
* | Repligen Corp. | 8,380 | 1,461 |
* | Penumbra Inc. | 5,470 | 1,422 |
* | Jazz Pharmaceuticals plc | 9,518 | 1,336 |
Universal Health Services Inc. Class B | 9,410 | 1,257 | |
DENTSPLY SIRONA Inc. | 32,375 | 1,233 | |
* | Masimo Corp. | 7,194 | 1,204 |
* | Novocure Ltd. | 15,646 | 1,204 |
Chemed Corp. | 2,230 | 1,163 | |
Bruker Corp. | 16,390 | 1,130 | |
* | Acadia Healthcare Co. Inc. | 13,463 | 976 |
* | Envista Holdings Corp. | 24,607 | 951 |
* | Tenet Healthcare Corp. | 16,058 | 940 |
Organon & Co. | 38,363 | 940 | |
Encompass Health Corp. | 14,798 | 836 | |
* | Exelixis Inc. | 47,759 | 816 |
* | Elanco Animal Health Inc. (XNYS) | 67,236 | 771 |
* | Ionis Pharmaceuticals Inc. | 21,298 | 765 |
Perrigo Co. plc | 20,234 | 763 | |
* | Natera Inc. | 14,842 | 721 |
* | DaVita Inc. | 8,526 | 701 |
* | 10X Genomics Inc. Class A | 14,251 | 677 |
* | Globus Medical Inc. Class A | 11,506 | 671 |
* | QuidelOrtho Corp. | 7,461 | 649 |
* | Oak Street Health Inc. | 18,022 | 638 |
* | Teladoc Health Inc. | 24,026 | 636 |
* | Syneos Health Inc. | 15,518 | 624 |
* | Integra LifeSciences Holdings Corp. | 10,967 | 610 |
* | agilon health Inc. | 28,545 | 605 |
* | Doximity Inc. Class A | 17,485 | 588 |
Premier Inc. Class A | 17,725 | 571 | |
* | ICU Medical Inc. | 2,996 | 511 |
* | Azenta Inc. | 11,338 | 498 |
* | Guardant Health Inc. | 14,728 | 455 |
* | Amedisys Inc. | 4,775 | 439 |
* | Ultragenyx Pharmaceutical Inc. | 9,843 | 438 |
* | Enovis Corp. | 7,485 | 431 |
* | Signify Health Inc. Class A | 12,616 | 363 |
* | Tandem Diabetes Care Inc. | 9,546 | 342 |
* | Certara Inc. | 18,307 | 332 |
* | Mirati Therapeutics Inc. | 7,049 | 323 |
* | Sotera Health Co. | 15,264 | 255 |
* | Maravai LifeSciences Holdings Inc. Class A | 16,098 | 237 |
*,1 | Ginkgo Bioworks Holdings Inc. | 127,946 | 188 |
* | Enhabit Inc. | 7,523 | 115 |
*,1 | Novavax Inc. | 12,111 | 112 |
753,033 | |||
Industrials (13.4%) | |||
Visa Inc. Class A | 250,883 | 55,179 | |
Mastercard Inc. Class A | 129,660 | 46,067 | |
Accenture plc Class A | 96,518 | 25,630 | |
Raytheon Technologies Corp. | 223,859 | 21,958 | |
United Parcel Service Inc. Class B (XNYS) | 112,004 | 20,440 | |
Honeywell International Inc. | 102,618 | 19,649 | |
Union Pacific Corp. | 93,713 | 19,425 | |
Caterpillar Inc. | 79,246 | 18,983 |
Shares | Market Value• ($000) | ||
Deere & Co. | 41,991 | 17,604 | |
Lockheed Martin Corp. | 35,590 | 16,879 | |
* | Boeing Co. | 83,469 | 16,823 |
American Express Co. | 91,703 | 15,955 | |
General Electric Co. | 167,125 | 14,157 | |
Automatic Data Processing Inc. | 63,573 | 13,975 | |
* | PayPal Holdings Inc. | 173,909 | 12,800 |
Illinois Tool Works Inc. | 46,493 | 10,840 | |
Eaton Corp. plc | 60,749 | 10,627 | |
Northrop Grumman Corp. | 22,292 | 10,346 | |
* | Fiserv Inc. | 89,599 | 10,312 |
CSX Corp. | 320,624 | 9,776 | |
3M Co. | 83,990 | 9,049 | |
General Dynamics Corp. | 37,080 | 8,451 | |
Sherwin-Williams Co. | 36,454 | 8,069 | |
Norfolk Southern Corp. | 35,182 | 7,910 | |
Emerson Electric Co. | 90,093 | 7,452 | |
FedEx Corp. | 36,582 | 7,434 | |
Parker-Hannifin Corp. | 19,468 | 6,850 | |
Johnson Controls International plc | 104,830 | 6,575 | |
Trane Technologies plc | 35,086 | 6,490 | |
Capital One Financial Corp. | 57,945 | 6,321 | |
* | Block Inc. (XNYS) | 81,461 | 6,251 |
L3Harris Technologies Inc. | 29,008 | 6,126 | |
TransDigm Group Inc. | 7,814 | 5,813 | |
Cintas Corp. | 13,160 | 5,770 | |
Carrier Global Corp. | 127,446 | 5,739 | |
Fidelity National Information Services Inc. | 90,380 | 5,727 | |
PACCAR Inc. | 77,800 | 5,617 | |
DuPont de Nemours Inc. | 76,264 | 5,570 | |
Paychex Inc. | 49,145 | 5,426 | |
Otis Worldwide Corp. | 63,537 | 5,376 | |
Cummins Inc. | 21,491 | 5,224 | |
Rockwell Automation Inc. | 17,487 | 5,157 | |
Old Dominion Freight Line Inc. | 15,098 | 5,122 | |
AMETEK Inc. | 35,095 | 4,968 | |
United Rentals Inc. | 10,599 | 4,966 | |
* | Mettler-Toledo International Inc. | 3,358 | 4,814 |
PPG Industries Inc. | 35,841 | 4,733 | |
WW Grainger Inc. | 6,871 | 4,593 | |
Global Payments Inc. | 40,760 | 4,573 | |
* | Keysight Technologies Inc. | 27,261 | 4,361 |
Verisk Analytics Inc. Class A | 23,628 | 4,043 | |
Equifax Inc. | 18,514 | 3,750 | |
Vulcan Materials Co. | 20,121 | 3,640 | |
Fortive Corp. | 54,173 | 3,611 | |
Ingersoll Rand Inc. (XYNS) | 62,104 | 3,606 | |
Quanta Services Inc. | 21,688 | 3,500 | |
Martin Marietta Materials Inc. | 9,430 | 3,394 | |
Dover Corp. | 21,304 | 3,193 | |
* | Teledyne Technologies Inc. | 7,033 | 3,025 |
Westinghouse Air Brake Technologies Corp. | 27,597 | 2,879 | |
Xylem Inc. | 27,318 | 2,804 | |
* | Waters Corp. | 9,008 | 2,800 |
Ball Corp. | 47,130 | 2,649 | |
IDEX Corp. | 11,567 | 2,602 | |
Amcor plc | 228,869 | 2,550 | |
Expeditors International of Washington Inc. | 24,040 | 2,514 |
Shares | Market Value• ($000) | ||
* | Fair Isaac Corp. | 3,706 | 2,510 |
Synchrony Financial | 68,609 | 2,450 | |
Howmet Aerospace Inc. | 56,655 | 2,390 | |
* | Zebra Technologies Corp. Class A | 7,871 | 2,363 |
* | FleetCor Technologies Inc. | 10,950 | 2,352 |
Jacobs Solutions Inc. | 19,575 | 2,339 | |
Textron Inc. | 31,933 | 2,316 | |
JB Hunt Transport Services Inc. | 12,583 | 2,275 | |
* | Axon Enterprise Inc. | 10,338 | 2,071 |
Hubbell Inc. Class B | 8,146 | 2,049 | |
Carlisle Cos. Inc. | 7,855 | 2,028 | |
Snap-on Inc. | 8,037 | 1,999 | |
* | Trimble Inc. | 37,741 | 1,965 |
Stanley Black & Decker Inc. | 22,625 | 1,937 | |
Nordson Corp. | 8,736 | 1,919 | |
Packaging Corp. of America | 13,930 | 1,905 | |
TransUnion | 29,116 | 1,905 | |
Booz Allen Hamilton Holding Corp. Class A | 20,094 | 1,904 | |
* | Builders FirstSource Inc. | 22,124 | 1,876 |
Jack Henry & Associates Inc. | 11,132 | 1,828 | |
Graco Inc. | 25,734 | 1,790 | |
Masco Corp. | 34,074 | 1,786 | |
Toro Co. | 16,031 | 1,770 | |
CH Robinson Worldwide Inc. | 17,586 | 1,758 | |
AECOM | 20,284 | 1,752 | |
RPM International Inc. | 19,325 | 1,713 | |
* | WillScot Mobile Mini Holdings Corp. | 31,375 | 1,613 |
Regal Rexnord Corp. | 10,104 | 1,593 | |
Crown Holdings Inc. | 17,545 | 1,518 | |
Watsco Inc. | 4,973 | 1,515 | |
Allegion plc | 13,271 | 1,496 | |
HEICO Corp. Class A | 11,439 | 1,489 | |
Lincoln Electric Holdings Inc. | 8,478 | 1,424 | |
Owens Corning | 14,371 | 1,405 | |
Pentair plc | 24,852 | 1,390 | |
Knight-Swift Transportation Holdings Inc. | 23,578 | 1,340 | |
AGCO Corp. | 9,423 | 1,327 | |
Robert Half International Inc. | 16,250 | 1,310 | |
Genpact Ltd. | 27,242 | 1,300 | |
* | Bill Holdings Inc. | 15,227 | 1,289 |
Huntington Ingalls Industries Inc. | 5,969 | 1,285 | |
* | WEX Inc. | 6,615 | 1,275 |
* | Middleby Corp. | 8,129 | 1,264 |
A O Smith Corp. | 19,104 | 1,254 | |
Cognex Corp. | 26,217 | 1,243 | |
Lennox International Inc. | 4,838 | 1,233 | |
Fortune Brands Innovations Inc. | 19,531 | 1,210 | |
HEICO Corp. | 7,278 | 1,205 | |
Westrock Co. | 38,301 | 1,203 | |
Donaldson Co. Inc. | 18,601 | 1,177 | |
Sensata Technologies Holding plc | 23,229 | 1,175 | |
Berry Global Group Inc. | 18,876 | 1,172 | |
* | Paylocity Holding Corp. | 6,011 | 1,158 |
AptarGroup Inc. | 9,883 | 1,154 | |
nVent Electric plc | 24,959 | 1,144 |
Shares | Market Value• ($000) | ||
ITT Inc. | 12,581 | 1,143 | |
* | WESCO International Inc. | 6,885 | 1,140 |
* | Generac Holdings Inc. | 9,457 | 1,135 |
Tetra Tech Inc. | 8,082 | 1,106 | |
Graphic Packaging Holding Co. | 46,181 | 1,099 | |
Sealed Air Corp. | 22,045 | 1,072 | |
Valmont Industries Inc. | 3,220 | 1,022 | |
Curtiss-Wright Corp. | 5,820 | 1,017 | |
* | TopBuild Corp. | 4,885 | 1,014 |
* | Axalta Coating Systems Ltd. | 33,371 | 994 |
Landstar System Inc. | 5,420 | 980 | |
Brunswick Corp. | 11,192 | 978 | |
MDU Resources Group Inc. | 30,522 | 972 | |
Acuity Brands Inc. | 4,931 | 956 | |
Littelfuse Inc. | 3,656 | 946 | |
* | FTI Consulting Inc. | 5,078 | 933 |
* | MasTec Inc. | 9,154 | 895 |
Oshkosh Corp. | 9,921 | 885 | |
Woodward Inc. | 8,871 | 878 | |
Sonoco Products Co. | 14,715 | 869 | |
Advanced Drainage Systems Inc. | 9,696 | 860 | |
* | Trex Co. Inc. | 16,602 | 849 |
Crane Holdings Co. | 7,088 | 849 | |
BWX Technologies Inc. | 13,779 | 842 | |
MKS Instruments Inc. | 8,607 | 834 | |
* | Mohawk Industries Inc. | 7,896 | 812 |
Eagle Materials Inc. | 5,676 | 796 | |
* | GXO Logistics Inc. | 15,787 | 783 |
* | Euronet Worldwide Inc. | 7,158 | 779 |
MSA Safety Inc. | 5,627 | 756 | |
Western Union Co. | 58,177 | 754 | |
Ryder System Inc. | 7,471 | 731 | |
Flowserve Corp. | 19,688 | 683 | |
Air Lease Corp. Class A | 15,706 | 680 | |
Silgan Holdings Inc. | 12,660 | 676 | |
Allison Transmission Holdings Inc. | 13,874 | 659 | |
ManpowerGroup Inc. | 7,713 | 655 | |
* | Kirby Corp. | 8,967 | 650 |
Louisiana-Pacific Corp. | 10,978 | 642 | |
Vontier Corp. | 23,456 | 614 | |
MSC Industrial Direct Co. Inc. Class A | 7,012 | 593 | |
Armstrong World Industries Inc. | 6,985 | 551 | |
Spirit AeroSystems Holdings Inc. Class A | 15,517 | 530 | |
* | XPO Inc. | 15,514 | 518 |
* | Shift4 Payments Inc. Class A | 7,605 | 491 |
Esab Corp. | 7,805 | 458 | |
*,1 | Affirm Holdings Inc. | 33,529 | 457 |
* | AZEK Co. Inc. Class A | 16,794 | 405 |
* | Mercury Systems Inc. | 7,442 | 390 |
* | RXO Inc. | 15,514 | 319 |
* | Core & Main Inc. Class A | 11,171 | 260 |
ADT Inc. | 32,162 | 242 | |
* | Gates Industrial Corp. plc | 16,911 | 237 |
Schneider National Inc. Class B | 7,760 | 218 | |
Masterbrand Inc. | 19,531 | 190 | |
* | Hayward Holdings Inc. | 11,151 | 137 |
Ardagh Metal Packaging SA | 23,113 | 111 |
Shares | Market Value• ($000) | ||
* | Ardagh Group SA | 2,011 | 22 |
750,690 | |||
Real Estate (3.1%) | |||
Prologis Inc. | 140,174 | 17,297 | |
American Tower Corp. | 70,787 | 14,017 | |
Equinix Inc. | 14,060 | 9,677 | |
Crown Castle Inc. | 65,731 | 8,594 | |
Public Storage | 23,776 | 7,108 | |
Realty Income Corp. | 95,693 | 6,120 | |
Simon Property Group Inc. | 49,753 | 6,074 | |
Welltower Inc. | 72,256 | 5,356 | |
VICI Properties Inc. | 146,924 | 4,926 | |
Digital Realty Trust Inc. | 43,626 | 4,547 | |
* | CoStar Group Inc. | 61,588 | 4,352 |
SBA Communications Corp. Class A | 16,218 | 4,206 | |
* | CBRE Group Inc. Class A | 48,013 | 4,088 |
Alexandria Real Estate Equities Inc. | 24,676 | 3,696 | |
AvalonBay Communities Inc. | 21,260 | 3,668 | |
Equity Residential | 56,374 | 3,525 | |
Weyerhaeuser Co. | 112,419 | 3,513 | |
Extra Space Storage Inc. | 20,182 | 3,323 | |
Ventas Inc. | 60,897 | 2,963 | |
Invitation Homes Inc. | 93,156 | 2,912 | |
Mid-America Apartment Communities Inc. | 17,506 | 2,803 | |
Sun Communities Inc. | 18,577 | 2,659 | |
WP Carey Inc. | 31,310 | 2,541 | |
Iron Mountain Inc. | 44,130 | 2,328 | |
Essex Property Trust Inc. | 9,951 | 2,269 | |
UDR Inc. | 48,949 | 2,097 | |
Gaming and Leisure Properties Inc. | 37,443 | 2,017 | |
Healthpeak Properties Inc. | 82,545 | 1,986 | |
Kimco Realty Corp. | 91,247 | 1,881 | |
Equity LifeStyle Properties Inc. | 26,846 | 1,839 | |
Host Hotels & Resorts Inc. | 108,576 | 1,824 | |
Camden Property Trust | 15,695 | 1,801 | |
Rexford Industrial Realty Inc. | 28,154 | 1,702 | |
Regency Centers Corp. | 25,888 | 1,628 | |
CubeSmart | 33,724 | 1,585 | |
Boston Properties Inc. | 24,059 | 1,575 | |
Life Storage Inc. | 12,676 | 1,528 | |
American Homes 4 Rent Class A | 47,436 | 1,471 | |
Lamar Advertising Co. Class A | 13,107 | 1,370 | |
Federal Realty Investment Trust | 12,151 | 1,298 | |
* | Jones Lang LaSalle Inc. | 7,229 | 1,261 |
National Retail Properties Inc. | 27,639 | 1,253 | |
Americold Realty Trust Inc. | 40,605 | 1,194 | |
Healthcare Realty Trust Inc. Class A | 57,289 | 1,117 | |
First Industrial Realty Trust Inc. | 19,888 | 1,049 | |
Brixmor Property Group Inc. | 45,049 | 1,020 | |
EastGroup Properties Inc. | 6,209 | 1,014 | |
Omega Healthcare Investors Inc. | 35,552 | 952 | |
* | Zillow Group Inc. Class C | 22,511 | 945 |
Shares | Market Value• ($000) | ||
Medical Properties Trust Inc. | 89,860 | 926 | |
Apartment Income REIT Corp. | 23,247 | 879 | |
Spirit Realty Capital Inc. | 20,886 | 860 | |
Rayonier Inc. | 22,014 | 739 | |
Kilroy Realty Corp. | 17,539 | 632 | |
Cousins Properties Inc. | 22,307 | 546 | |
National Storage Affiliates Trust | 12,530 | 530 | |
Vornado Realty Trust | 26,555 | 525 | |
Park Hotels & Resorts Inc. | 34,510 | 475 | |
EPR Properties | 11,505 | 470 | |
* | Howard Hughes Corp. | 5,442 | 452 |
* | Zillow Group Inc. Class A | 10,402 | 430 |
Highwoods Properties Inc. | 15,385 | 408 | |
Douglas Emmett Inc. | 25,422 | 359 | |
SL Green Realty Corp. | 9,711 | 331 | |
JBG SMITH Properties | 16,267 | 281 | |
Hudson Pacific Properties Inc. | 21,235 | 196 | |
* | Opendoor Technologies Inc. | 71,587 | 103 |
* | WeWork Inc. Class A | 35,640 | 41 |
177,152 | |||
Technology (25.8%) | |||
Apple Inc. | 2,290,125 | 337,587 | |
Microsoft Corp. | 1,140,158 | 284,378 | |
NVIDIA Corp. | 366,931 | 85,187 | |
* | Alphabet Inc. Class A | 916,623 | 82,551 |
* | Alphabet Inc. Class C | 812,823 | 73,398 |
* | Meta Platforms Inc. Class A | 342,547 | 59,925 |
Broadcom Inc. | 60,183 | 35,766 | |
* | Salesforce Inc. | 146,600 | 23,985 |
Texas Instruments Inc. | 138,184 | 23,692 | |
* | Adobe Inc. | 70,721 | 22,910 |
QUALCOMM Inc. | 170,667 | 21,082 | |
Oracle Corp. | 232,783 | 20,345 | |
* | Advanced Micro Devices Inc. | 246,009 | 19,331 |
International Business Machines Corp. | 137,032 | 17,718 | |
Intuit Inc. | 42,049 | 17,122 | |
Intel Corp. | 624,178 | 15,561 | |
Applied Materials Inc. | 130,776 | 15,190 | |
Analog Devices Inc. | 78,123 | 14,333 | |
* | ServiceNow Inc. | 30,551 | 13,203 |
Lam Research Corp. | 20,850 | 10,133 | |
Micron Technology Inc. | 165,344 | 9,560 | |
* | Synopsys Inc. | 23,241 | 8,454 |
* | Palo Alto Networks Inc. | 44,771 | 8,434 |
KLA Corp. | 21,604 | 8,196 | |
* | Cadence Design Systems Inc. | 41,501 | 8,007 |
* | Snowflake Inc. Class A | 46,690 | 7,208 |
Roper Technologies Inc. | 16,083 | 6,919 | |
Amphenol Corp. Class A | 89,167 | 6,912 | |
* | Autodesk Inc. | 33,115 | 6,580 |
Microchip Technology Inc. | 80,967 | 6,561 | |
Marvell Technology Inc. | 129,890 | 5,865 | |
* | Fortinet Inc. | 98,175 | 5,836 |
* | Workday Inc. Class A | 30,340 | 5,627 |
* | ON Semiconductor Corp. | 66,017 | 5,110 |
Cognizant Technology Solutions Corp. Class A | 78,178 | 4,896 | |
HP Inc. | 153,678 | 4,537 | |
CDW Corp. | 20,643 | 4,179 |
Shares | Market Value• ($000) | ||
* | ANSYS Inc. | 13,171 | 3,999 |
Corning Inc. | 114,867 | 3,900 | |
* | Crowdstrike Holdings Inc. Class A | 32,079 | 3,872 |
* | Gartner Inc. | 11,678 | 3,828 |
* | Atlassian Corp Ltd. Class A | 21,716 | 3,569 |
* | VMware Inc. Class A | 32,252 | 3,552 |
Monolithic Power Systems Inc. | 6,895 | 3,339 | |
* | Datadog Inc. Class A | 40,508 | 3,100 |
Hewlett Packard Enterprise Co. | 196,167 | 3,062 | |
* | Zoom Video Communications Inc. Class A | 38,569 | 2,877 |
* | VeriSign Inc. | 14,126 | 2,780 |
* | HubSpot Inc. | 7,031 | 2,720 |
Skyworks Solutions Inc. | 24,331 | 2,715 | |
* | Cloudflare Inc. Class A | 43,316 | 2,599 |
* | EPAM Systems Inc. | 8,323 | 2,561 |
* | Splunk Inc. | 24,963 | 2,559 |
Teradyne Inc. | 23,990 | 2,426 | |
* | Paycom Software Inc. | 7,801 | 2,255 |
* | Pinterest Inc. Class A | 89,021 | 2,235 |
* | Palantir Technologies Inc. Class A | 280,849 | 2,202 |
NetApp Inc. | 33,196 | 2,143 | |
* | MongoDB Inc. Class A | 10,135 | 2,123 |
* | DoorDash Inc. Class A | 37,790 | 2,066 |
* | PTC Inc. | 16,134 | 2,022 |
Leidos Holdings Inc. | 20,622 | 2,002 | |
* | Tyler Technologies Inc. | 6,207 | 1,994 |
SS&C Technologies Holdings Inc. | 33,666 | 1,976 | |
Entegris Inc. | 22,397 | 1,909 | |
* | Western Digital Corp. | 48,836 | 1,879 |
* | DocuSign Inc. Class A | 29,822 | 1,830 |
* | GoDaddy Inc. Class A | 23,616 | 1,788 |
* | Twilio Inc. Class A | 26,565 | 1,785 |
* | Match Group Inc. | 42,490 | 1,760 |
* | Lattice Semiconductor Corp. | 20,542 | 1,745 |
* | Akamai Technologies Inc. | 23,637 | 1,716 |
* | Zscaler Inc. | 13,011 | 1,706 |
Jabil Inc. | 20,240 | 1,681 | |
Amdocs Ltd. | 18,259 | 1,673 | |
Gen Digital Inc. (XNGS) | 85,164 | 1,662 | |
* | Okta Inc. | 22,956 | 1,637 |
* | Qorvo Inc. | 15,579 | 1,572 |
Dell Technologies Inc. Class C | 38,526 | 1,566 | |
* | Ceridian HCM Holding Inc. | 20,686 | 1,509 |
* | Black Knight Inc. | 23,338 | 1,391 |
* | Dynatrace Inc. | 32,590 | 1,386 |
* | Wolfspeed Inc. | 18,726 | 1,385 |
* | Manhattan Associates Inc. | 9,506 | 1,366 |
* | F5 Inc. | 9,149 | 1,308 |
* | Pure Storage Inc. Class A | 42,467 | 1,212 |
*,1 | Unity Software Inc. | 38,095 | 1,160 |
KBR Inc. | 20,953 | 1,155 | |
* | Arrow Electronics Inc. | 9,421 | 1,112 |
* | CACI International Inc. Class A | 3,519 | 1,031 |
Bentley Systems Inc. Class B | 25,479 | 1,031 | |
* | Globant SA | 6,151 | 1,015 |
* | ZoomInfo Technologies Inc. Class A | 41,554 | 1,004 |
Shares | Market Value• ($000) | ||
National Instruments Corp. | 19,763 | 998 | |
* | Nutanix Inc. Class A | 34,983 | 988 |
* | DXC Technology Co. | 34,726 | 963 |
Science Applications International Corp. | 8,435 | 899 | |
Concentrix Corp. | 6,485 | 887 | |
* | Guidewire Software Inc. | 12,585 | 884 |
Universal Display Corp. | 6,500 | 883 | |
* | Cirrus Logic Inc. | 8,423 | 865 |
* | Smartsheet Inc. Class A | 19,563 | 861 |
* | Aspen Technology Inc. | 4,035 | 855 |
* | Dropbox Inc. Class A | 41,291 | 842 |
* | UiPath Inc. Class A | 56,396 | 837 |
Dolby Laboratories Inc. Class A | 9,433 | 776 | |
* | Wix.com Ltd. | 8,506 | 770 |
* | Coherent Corp. | 17,785 | 767 |
Vertiv Holdings Co. Class A | 46,786 | 760 | |
* | Procore Technologies Inc. | 11,003 | 737 |
* | Toast Inc. Class A | 38,957 | 737 |
* | Clarivate plc | 71,357 | 723 |
* | Five9 Inc. | 10,751 | 710 |
TD SYNNEX Corp. | 7,116 | 687 | |
* | Elastic NV | 11,645 | 687 |
Avnet Inc. | 14,132 | 632 | |
* | Teradata Corp. | 15,415 | 628 |
*,1 | GLOBALFOUNDRIES Inc. | 9,601 | 627 |
* | IPG Photonics Corp. | 5,036 | 621 |
* | IAC Inc. | 11,774 | 612 |
* | New Relic Inc. | 8,046 | 587 |
* | Alteryx Inc. Class A | 8,899 | 581 |
* | Kyndryl Holdings Inc. | 31,645 | 496 |
* | NCR Corp. | 19,034 | 486 |
Dun & Bradstreet Holdings Inc. | 39,189 | 471 | |
* | Confluent Inc. Class A | 19,213 | 469 |
* | Allegro MicroSystems Inc. | 10,454 | 457 |
* | AppLovin Corp. Class A | 33,076 | 447 |
* | SentinelOne Inc. Class A | 27,845 | 445 |
* | RingCentral Inc. Class A | 13,135 | 434 |
* | nCino Inc. | 10,914 | 297 |
Pegasystems Inc. | 6,331 | 294 | |
* | DoubleVerify Holdings Inc. | 11,071 | 291 |
* | CCC Intelligent Solutions Holdings Inc. | 26,253 | 235 |
* | Paycor HCM Inc. | 8,987 | 223 |
* | Jamf Holding Corp. | 10,102 | 214 |
* | Thoughtworks Holding Inc. | 13,104 | 96 |
* | Informatica Inc. Class A | 5,363 | 92 |
* | Definitive Healthcare Corp. Class A | 5,131 | 59 |
1,451,638 | |||
Telecommunications (2.5%) | |||
Cisco Systems Inc. | 626,161 | 30,319 | |
Verizon Communications Inc. | 640,206 | 24,846 | |
Comcast Corp. Class A | 653,416 | 24,288 | |
AT&T Inc. | 1,091,926 | 20,648 | |
* | T-Mobile US Inc. | 90,703 | 12,896 |
Motorola Solutions Inc. | 25,052 | 6,584 | |
* | Charter Communications Inc. Class A | 16,303 | 5,993 |
* | Arista Networks Inc. | 37,451 | 5,194 |
* | Liberty Broadband Corp. Class C | 17,957 | 1,556 |
Juniper Networks Inc. | 48,251 | 1,485 | |
* | Roku Inc. | 18,718 | 1,211 |
Shares | Market Value• ($000) | ||
* | Ciena Corp. | 22,455 | 1,083 |
* | Frontier Communications Parent Inc. | 36,983 | 1,012 |
Cable One Inc. | 870 | 601 | |
* | Lumentum Holdings Inc. | 10,360 | 558 |
Lumen Technologies Inc. | 155,272 | 528 | |
* | DISH Network Corp. Class A | 37,789 | 431 |
* | ViaSat Inc. | 11,187 | 355 |
* | Liberty Broadband Corp. Class A | 2,811 | 244 |
Ubiquiti Inc. | 621 | 167 | |
* | Altice USA Inc. Class A | 33,609 | 133 |
140,132 | |||
Utilities (3.0%) | |||
NextEra Energy Inc. | 302,789 | 21,507 | |
Duke Energy Corp. | 117,349 | 11,061 | |
Southern Co. | 165,713 | 10,450 | |
Waste Management Inc. | 62,459 | 9,354 | |
Sempra Energy (XNYS) | 47,871 | 7,179 | |
Dominion Energy Inc. | 127,117 | 7,070 | |
American Electric Power Co. Inc. | 78,395 | 6,896 | |
Exelon Corp. | 151,364 | 6,114 | |
Xcel Energy Inc. | 83,223 | 5,374 | |
Consolidated Edison Inc. | 54,130 | 4,836 | |
Public Service Enterprise Group Inc. | 75,678 | 4,573 | |
WEC Energy Group Inc. | 48,286 | 4,281 | |
Republic Services Inc. Class A | 31,385 | 4,046 | |
Eversource Energy | 52,356 | 3,946 | |
* | PG&E Corp. | 249,971 | 3,905 |
American Water Works Co. Inc. | 27,595 | 3,874 | |
Edison International | 57,227 | 3,789 | |
Constellation Energy Corp. | 49,678 | 3,720 | |
FirstEnergy Corp. | 82,673 | 3,269 | |
Ameren Corp. | 39,136 | 3,237 | |
DTE Energy Co. | 29,421 | 3,228 | |
Entergy Corp. | 30,951 | 3,184 | |
PPL Corp. | 112,271 | 3,039 | |
CenterPoint Energy Inc. | 96,119 | 2,674 | |
CMS Energy Corp. | 44,135 | 2,603 | |
AES Corp. | 101,759 | 2,511 | |
Atmos Energy Corp. | 21,111 | 2,382 |
Shares | Market Value• ($000) | ||
Evergy Inc. | 34,023 | 2,001 | |
Alliant Energy Corp. | 37,923 | 1,944 | |
NiSource Inc. | 61,465 | 1,686 | |
Essential Utilities Inc. | 35,537 | 1,520 | |
Vistra Corp. | 59,738 | 1,314 | |
Pinnacle West Capital Corp. | 17,100 | 1,260 | |
UGI Corp. | 31,666 | 1,179 | |
NRG Energy Inc. | 34,685 | 1,137 | |
OGE Energy Corp. | 30,124 | 1,076 | |
* | Clean Harbors Inc. | 7,676 | 1,014 |
IDACORP Inc. | 7,576 | 783 | |
* | Sunrun Inc. | 32,055 | 771 |
National Fuel Gas Co. | 13,277 | 760 | |
Hawaiian Electric Industries Inc. | 16,308 | 660 | |
* | Stericycle Inc. | 13,820 | 659 |
1 | Brookfield Renewable Corp. Class A | 19,287 | 537 |
1 | Avangrid Inc. | 10,707 | 418 |
166,821 | |||
Total Common Stocks (Cost $4,371,339) | 5,611,723 | ||
Temporary Cash Investments (0.2%) | |||
Money Market Fund (0.2%) | |||
2,3 | Vanguard Market Liquidity Fund, 4.640% (Cost $11,739) | 117,409 | 11,740 |
Total Investments (100.1%) (Cost $4,383,078) | 5,623,463 | ||
Other Assets and Liabilities—Net (-0.1%) | (3,767) | ||
Net Assets (100%) | 5,619,696 | ||
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 $11,376,000. |
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 $11,716,000 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 2023 | 39 | 7,752 | (99) |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $4,371,339) | 5,611,723 |
Affiliated Issuers (Cost $11,739) | 11,740 |
Total Investments in Securities | 5,623,463 |
Investment in Vanguard | 203 |
Cash Collateral Pledged—Futures Contracts | 420 |
Receivables for Investment Securities Sold | 38 |
Receivables for Accrued Income | 8,599 |
Receivables for Capital Shares Issued | 167 |
Total Assets | 5,632,890 |
Liabilities | |
Due to Custodian | 824 |
Payables for Investment Securities Purchased | 381 |
Collateral for Securities on Loan | 11,716 |
Payables for Capital Shares Redeemed | 94 |
Payables to Vanguard | 155 |
Variation Margin Payable—Futures Contracts | 24 |
Total Liabilities | 13,194 |
Net Assets | 5,619,696 |
1 Includes $11,376,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 4,418,379 |
Total Distributable Earnings (Loss) | 1,201,317 |
Net Assets | 5,619,696 |
ETF Shares—Net Assets | |
Applicable to 20,250,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,671,778 |
Net Asset Value Per Share—ETF Shares | $181.32 |
Institutional Shares—Net Assets | |
Applicable to 5,545,347 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,947,918 |
Net Asset Value Per Share—Institutional Shares | $351.27 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 43,855 |
Interest2 | 192 |
Securities Lending—Net | 273 |
Total Income | 44,320 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 63 |
Management and Administrative—ETF Shares | 961 |
Management and Administrative—Institutional Shares | 531 |
Marketing and Distribution—ETF Shares | 89 |
Marketing and Distribution—Institutional Shares | 34 |
Custodian Fees | 281 |
Shareholders’ Reports—ETF Shares | 34 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 6 |
Total Expenses | 2,001 |
Net Investment Income | 42,319 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 143,500 |
Futures Contracts | (20) |
Realized Net Gain (Loss) | 143,480 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (78,814) |
Futures Contracts | 598 |
Change in Unrealized Appreciation (Depreciation) | (78,216) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 107,583 |
1 | Dividends are net of foreign withholding taxes of $4,000. |
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 $183,000, $1,000, less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $192,711,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 42,319 | 73,532 | |
Realized Net Gain (Loss) | 143,480 | 158,644 | |
Change in Unrealized Appreciation (Depreciation) | (78,216) | (956,508) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 107,583 | (724,332) | |
Distributions | |||
ETF Shares | (26,891) | (37,346) | |
Institutional Shares | (17,055) | (34,230) | |
Total Distributions | (43,946) | (71,576) | |
Capital Share Transactions | |||
ETF Shares | 889,140 | 455,983 | |
Institutional Shares | (227,571) | (268,964) | |
Net Increase (Decrease) from Capital Share Transactions | 661,569 | 187,019 | |
Total Increase (Decrease) | 725,206 | (608,889) | |
Net Assets | |||
Beginning of Period | 4,894,490 | 5,503,379 | |
End of Period | 5,619,696 | 4,894,490 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $180.47 | $210.32 | $161.36 | $134.37 | $133.57 | $113.60 |
Investment Operations | ||||||
Net Investment Income1 | 1.422 | 2.757 | 2.459 | 2.525 | 2.395 | 2.209 |
Net Realized and Unrealized Gain (Loss) on Investments | .918 | (29.909) | 48.925 | 27.028 | .759 | 19.896 |
Total from Investment Operations | 2.340 | (27.152) | 51.384 | 29.553 | 3.154 | 22.105 |
Distributions | ||||||
Dividends from Net Investment Income | (1.490) | (2.698) | (2.424) | (2.563) | (2.354) | (2.135) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.490) | (2.698) | (2.424) | (2.563) | (2.354) | (2.135) |
Net Asset Value, End of Period | $181.32 | $180.47 | $210.32 | $161.36 | $134.37 | $133.57 |
Total Return | 1.34% | -13.02% | 32.14% | 22.39% | 2.45% | 19.68% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $3,672 | $2,721 | $2,682 | $1,678 | $1,196 | $1,008 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.12% |
Ratio of Net Investment Income to Average Net Assets | 1.61% | 1.39% | 1.34% | 1.79% | 1.85% | 1.78% |
Portfolio Turnover Rate2 | 3% | 10% | 6% | 9% | 6% | 9% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $349.62 | $407.44 | $312.59 | $260.26 | $258.75 | $220.06 |
Investment Operations | ||||||
Net Investment Income1 | 2.758 | 5.354 | 4.807 | 4.927 | 4.645 | 4.345 |
Net Realized and Unrealized Gain (Loss) on Investments | 1.790 | (57.922) | 94.766 | 52.362 | 1.483 | 38.573 |
Total from Investment Operations | 4.548 | (52.568) | 99.573 | 57.289 | 6.128 | 42.918 |
Distributions | ||||||
Dividends from Net Investment Income | (2.898) | (5.252) | (4.723) | (4.959) | (4.618) | (4.228) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.898) | (5.252) | (4.723) | (4.959) | (4.618) | (4.228) |
Net Asset Value, End of Period | $351.27 | $349.62 | $407.44 | $312.59 | $260.26 | $258.75 |
Total Return | 1.34% | -13.01% | 32.16% | 22.45% | 2.45% | 19.72% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,948 | $2,174 | $2,822 | $2,523 | $2,323 | $2,134 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.62% | 1.39% | 1.36% | 1.81% | 1.86% | 1.82% |
Portfolio Turnover Rate2 | 3% | 10% | 6% | 9% | 6% | 9% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 5,611,701 | 22 | — | 5,611,723 |
Temporary Cash Investments | 11,740 | — | — | 11,740 |
Total | 5,623,441 | 22 | — | 5,623,463 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 99 | — | — | 99 |
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, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 4,416,255 |
Gross Unrealized Appreciation | 1,426,972 |
Gross Unrealized Depreciation | (219,863) |
Net Unrealized Appreciation (Depreciation) | 1,207,109 |
E. | During the six months ended February 28, 2023, the fund purchased $1,331,435,000 of investment securities and sold $665,887,000 of investment securities, other than temporary cash investments. Purchases and sales include $1,183,870,000 and $353,924,000, 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, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,242,225 | 7,125 | 905,986 | 4,600 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (353,085) | (1,950) | (450,003) | (2,275) | |
Net Increase (Decrease)—ETF Shares | 889,140 | 5,175 | 455,983 | 2,325 | |
Institutional Shares | |||||
Issued | 148,496 | 449 | 475,942 | 1,253 | |
Issued in Lieu of Cash Distributions | 15,388 | 46 | 32,013 | 83 | |
Redeemed | (391,455) | (1,168) | (776,919) | (2,044) | |
Net Increase (Decrease)—Institutional Shares | (227,571) | (673) | (268,964) | (708) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Basic Materials | 3.4% |
Consumer Discretionary | 10.3 |
Consumer Staples | 6.9 |
Energy | 8.1 |
Financials | 20.0 |
Health Care | 15.3 |
Industrials | 13.0 |
Real Estate | 4.7 |
Technology | 8.2 |
Telecommunications | 4.5 |
Utilities | 5.6 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Basic Materials (3.4%) | |||
Linde plc | 174,097 | 60,650 | |
Air Products and Chemicals Inc. | 98,805 | 28,256 | |
Freeport-McMoRan Inc. | 634,730 | 26,005 | |
Nucor Corp. | 114,331 | 19,144 | |
Dow Inc. | 314,466 | 17,987 | |
Newmont Corp. | 353,633 | 15,422 | |
LyondellBasell Industries NV Class A | 114,817 | 11,021 | |
International Flavors & Fragrances Inc. | 113,726 | 10,599 | |
Steel Dynamics Inc. | 74,396 | 9,382 | |
Mosaic Co. | 132,050 | 7,024 | |
Albemarle Corp. | 25,435 | 6,468 | |
Reliance Steel & Aluminum Co. | 26,036 | 6,453 | |
International Paper Co. | 157,764 | 5,741 | |
Celanese Corp. Class A | 48,550 | 5,643 | |
* | Cleveland-Cliffs Inc. | 229,517 | 4,896 |
FMC Corp. | 36,692 | 4,739 | |
Eastman Chemical Co. | 52,996 | 4,515 | |
Alcoa Corp. | 78,955 | 3,864 | |
Olin Corp. | 56,297 | 3,251 | |
Royal Gold Inc. | 26,996 | 3,207 | |
US Steel Corp. | 102,385 | 3,136 | |
Hexcel Corp. | 37,467 | 2,733 | |
Avery Dennison Corp. | 14,073 | 2,564 | |
* | Univar Solutions Inc. | 71,948 | 2,500 |
Huntsman Corp. | 81,096 | 2,379 | |
Timken Co. | 27,413 | 2,342 | |
Ashland Inc. | 22,694 | 2,310 | |
Ecolab Inc. | 13,149 | 2,096 | |
Element Solutions Inc. | 98,688 | 2,027 | |
Westlake Corp. | 14,884 | 1,773 | |
SSR Mining Inc. (XTSE) | 89,804 | 1,226 | |
Southern Copper Corp. | 13,030 | 960 | |
Scotts Miracle-Gro Co. | 11,624 | 959 | |
Chemours Co. | 27,575 | 943 | |
NewMarket Corp. | 2,636 | 906 | |
283,121 | |||
Consumer Discretionary (10.3%) | |||
Walmart Inc. | 634,535 | 90,186 | |
* | Walt Disney Co. | 758,472 | 75,551 |
McDonald's Corp. | 249,911 | 65,954 | |
Home Depot Inc. | 193,782 | 57,464 | |
* | Netflix Inc. | 107,244 | 34,547 |
Shares | Market Value• ($000) | ||
Starbucks Corp. | 327,255 | 33,409 | |
Activision Blizzard Inc. | 346,467 | 26,418 | |
General Motors Co. | 632,067 | 24,486 | |
Ford Motor Co. | 1,757,413 | 21,212 | |
Target Corp. | 92,650 | 15,612 | |
Yum! Brands Inc. | 110,933 | 14,106 | |
* | O'Reilly Automotive Inc. | 16,394 | 13,609 |
Electronic Arts Inc. | 115,755 | 12,842 | |
Lennar Corp. Class A | 111,680 | 10,804 | |
* | Aptiv plc | 90,669 | 10,543 |
Genuine Parts Co. | 56,598 | 10,010 | |
eBay Inc. | 211,534 | 9,709 | |
Ross Stores Inc. | 87,086 | 9,626 | |
* | Dollar Tree Inc. | 65,488 | 9,514 |
Southwest Airlines Co. | 264,671 | 8,888 | |
Omnicom Group Inc. | 90,905 | 8,233 | |
Lowe's Cos. Inc. | 38,087 | 7,836 | |
* | United Airlines Holdings Inc. | 145,981 | 7,585 |
* | Royal Caribbean Cruises Ltd. | 98,227 | 6,939 |
Garmin Ltd. | 68,117 | 6,684 | |
LKQ Corp. | 111,815 | 6,406 | |
DR Horton Inc. | 66,760 | 6,174 | |
MGM Resorts International | 143,149 | 6,157 | |
Interpublic Group of Cos. Inc. | 172,137 | 6,118 | |
* | Liberty Media Corp.-Liberty Formula One Class C | 83,709 | 5,681 |
1 | Paramount Global Inc. Class B | 253,558 | 5,431 |
* | Las Vegas Sands Corp. | 92,641 | 5,324 |
BorgWarner Inc. (XNYS) | 104,999 | 5,279 | |
Best Buy Co. Inc. | 61,910 | 5,145 | |
Hilton Worldwide Holdings Inc. | 33,208 | 4,799 | |
* | Carnival Corp. | 436,394 | 4,635 |
Fox Corp. Class A | 130,959 | 4,586 | |
* | American Airlines Group Inc. | 286,779 | 4,583 |
Service Corp. International | 66,703 | 4,504 | |
* | Rivian Automotive Inc. Class A | 232,929 | 4,496 |
* | Wynn Resorts Ltd. | 40,329 | 4,370 |
* | Warner Bros Discovery Inc. | 277,389 | 4,333 |
* | CarMax Inc. | 62,550 | 4,318 |
Bath & Body Works Inc. | 102,869 | 4,204 | |
Tapestry Inc. | 91,802 | 3,994 | |
VF Corp. | 156,039 | 3,873 | |
Aramark | 104,190 | 3,834 |
Shares | Market Value• ($000) | ||
* | Uber Technologies Inc. | 113,795 | 3,785 |
Advance Auto Parts Inc. | 24,627 | 3,570 | |
Lear Corp. | 25,567 | 3,570 | |
PulteGroup Inc. | 62,456 | 3,414 | |
Whirlpool Corp. | 24,008 | 3,313 | |
Tempur Sealy International Inc. | 75,694 | 3,235 | |
Hasbro Inc. | 58,449 | 3,215 | |
Dick's Sporting Goods Inc. | 23,987 | 3,085 | |
Lithia Motors Inc. Class A | 12,019 | 3,067 | |
Gentex Corp. | 105,465 | 3,011 | |
News Corp. Class A | 169,487 | 2,907 | |
Harley-Davidson Inc. | 60,356 | 2,870 | |
New York Times Co. Class A | 72,727 | 2,800 | |
* | Capri Holdings Ltd. | 56,196 | 2,786 |
Nexstar Media Group Inc. Class A | 14,719 | 2,736 | |
* | Alaska Air Group Inc. | 54,941 | 2,628 |
* | Norwegian Cruise Line Holdings Ltd. | 173,225 | 2,567 |
Marriott Vacations Worldwide Corp. | 16,532 | 2,529 | |
* | Avis Budget Group Inc. | 11,449 | 2,515 |
Macy's Inc. | 121,588 | 2,488 | |
Newell Brands Inc. | 168,929 | 2,482 | |
* | Live Nation Entertainment Inc. | 34,377 | 2,477 |
* | Hyatt Hotels Corp. Class A | 21,079 | 2,450 |
*,1 | GameStop Corp. Class A | 120,304 | 2,313 |
PVH Corp. | 28,617 | 2,296 | |
Boyd Gaming Corp. | 34,089 | 2,220 | |
* | Skechers USA Inc. Class A | 49,809 | 2,217 |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 68,294 | 2,200 |
Darden Restaurants Inc. | 15,046 | 2,151 | |
Ralph Lauren Corp. Class A | 18,138 | 2,144 | |
* | Penn Entertainment Inc. | 68,909 | 2,104 |
Fox Corp. Class B | 64,953 | 2,095 | |
Thor Industries Inc. | 22,764 | 2,071 | |
* | AutoNation Inc. | 15,034 | 2,052 |
Leggett & Platt Inc. | 58,113 | 2,004 | |
1 | U-Haul Holding Co. | 35,375 | 1,968 |
* | AutoZone Inc. | 782 | 1,944 |
* | NVR Inc. | 357 | 1,847 |
* | Peloton Interactive Inc. Class A | 140,088 | 1,810 |
* | Coty Inc. Class A | 152,592 | 1,724 |
*,1 | AMC Entertainment Holdings Inc. Class A | 232,012 | 1,657 |
Penske Automotive Group Inc. | 11,333 | 1,634 | |
* | RH | 5,283 | 1,580 |
* | BJ's Wholesale Club Holdings Inc. | 21,979 | 1,578 |
* | Grand Canyon Education Inc. | 13,845 | 1,569 |
* | Hertz Global Holdings Inc. | 84,653 | 1,567 |
* | Ollie's Bargain Outlet Holdings Inc. | 26,258 | 1,511 |
* | Bright Horizons Family Solutions Inc. | 18,855 | 1,487 |
* | Mattel Inc. | 81,202 | 1,461 |
Kohl's Corp. | 51,788 | 1,452 | |
* | Caesars Entertainment Inc. | 28,499 | 1,447 |
Toll Brothers Inc. | 23,345 | 1,399 | |
Columbia Sportswear Co. | 15,877 | 1,384 |
Shares | Market Value• ($000) | ||
* | Take-Two Interactive Software Inc. | 12,560 | 1,376 |
1 | Sirius XM Holdings Inc. | 309,841 | 1,360 |
Carter's Inc. | 16,968 | 1,279 | |
* | JetBlue Airways Corp. | 147,549 | 1,225 |
Domino's Pizza Inc. | 4,122 | 1,212 | |
* | Copa Holdings SA Class A | 12,421 | 1,147 |
*,1 | QuantumScape Corp. Class A | 118,949 | 1,138 |
* | SiteOne Landscape Supply Inc. | 7,629 | 1,132 |
Gap Inc. | 85,536 | 1,113 | |
Wyndham Hotels & Resorts Inc. | 11,784 | 908 | |
* | TripAdvisor Inc. | 41,570 | 897 |
News Corp. Class B | 51,721 | 893 | |
Hanesbrands Inc. | 153,349 | 871 | |
* | Under Armour Inc. Class A | 82,027 | 815 |
Williams-Sonoma Inc. | 6,344 | 793 | |
* | Planet Fitness Inc. Class A | 9,722 | 788 |
Madison Square Garden Sports Corp. | 4,039 | 772 | |
* | Under Armour Inc. Class C | 87,214 | 767 |
* | Driven Brands Holdings Inc. | 26,349 | 737 |
Polaris Inc. | 6,268 | 713 | |
* | Deckers Outdoor Corp. | 1,471 | 612 |
Lennar Corp. Class B | 7,114 | 581 | |
*,1 | Wayfair Inc. Class A | 12,746 | 516 |
H&R Block Inc. | 12,275 | 452 | |
* | Six Flags Entertainment Corp. | 16,409 | 433 |
Travel + Leisure Co. | 9,797 | 411 | |
* | Victoria's Secret & Co. | 10,258 | 407 |
* | IAA Inc. | 9,533 | 390 |
* | Burlington Stores Inc. | 1,776 | 381 |
* | Petco Health & Wellness Co. Inc. Class A | 34,234 | 353 |
U-Haul Holding Co. (XNYS) | 5,070 | 326 | |
Rollins Inc. | 7,941 | 280 | |
* | Lyft Inc. Class A | 26,585 | 266 |
Vail Resorts Inc. | 804 | 188 | |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 5,647 | 183 |
1 | Paramount Global Class A | 6,939 | 171 |
* | Liberty Media Corp.- Liberty Formula One Class A | 2,797 | 170 |
1 | Nordstrom Inc. | 7,859 | 153 |
*,1 | Lucid Group Inc. | 14,308 | 131 |
*,1 | Mister Car Wash Inc. | 13,556 | 125 |
* | Leslie's Inc. | 8,670 | 109 |
* | Playtika Holding Corp. | 5,515 | 53 |
849,024 | |||
Consumer Staples (6.9%) | |||
Procter & Gamble Co. | 604,845 | 83,202 | |
Philip Morris International Inc. | 692,068 | 67,338 | |
CVS Health Corp. | 585,522 | 48,915 | |
Mondelez International Inc. Class A | 608,890 | 39,687 | |
Altria Group Inc. | 800,366 | 37,161 | |
Coca-Cola Co. | 436,264 | 25,962 | |
General Mills Inc. | 265,500 | 21,110 | |
Corteva Inc. | 318,450 | 19,836 | |
Archer-Daniels-Midland Co. | 243,764 | 19,404 | |
McKesson Corp. | 50,883 | 17,799 |
Shares | Market Value• ($000) | ||
PepsiCo Inc. | 95,921 | 16,645 | |
Constellation Brands Inc. Class A | 67,478 | 15,095 | |
Keurig Dr Pepper Inc. | 381,785 | 13,191 | |
Kroger Co. | 291,858 | 12,591 | |
Kraft Heinz Co. | 311,735 | 12,139 | |
Walgreens Boots Alliance Inc. | 319,463 | 11,351 | |
Colgate-Palmolive Co. | 142,570 | 10,450 | |
McCormick & Co. Inc. | 112,027 | 8,326 | |
Kimberly-Clark Corp. | 61,226 | 7,656 | |
Conagra Brands Inc. | 209,732 | 7,636 | |
Tyson Foods Inc. Class A | 127,628 | 7,561 | |
J M Smucker Co. | 46,120 | 6,821 | |
Bunge Ltd. | 61,408 | 5,864 | |
Hormel Foods Corp. | 128,708 | 5,712 | |
Church & Dwight Co. Inc. | 58,928 | 4,937 | |
Campbell Soup Co. | 85,731 | 4,503 | |
* | Darling Ingredients Inc. | 66,017 | 4,177 |
Molson Coors Beverage Co. Class B | 78,409 | 4,171 | |
Casey's General Stores Inc. | 16,476 | 3,426 | |
* | US Foods Holding Corp. | 90,891 | 3,411 |
Kellogg Co. | 51,425 | 3,391 | |
Ingredion Inc. | 29,467 | 2,929 | |
* | Performance Food Group Co. | 47,000 | 2,660 |
Brown-Forman Corp. Class B | 39,773 | 2,580 | |
Flowers Foods Inc. | 83,333 | 2,323 | |
* | Post Holdings Inc. | 24,638 | 2,216 |
Hershey Co. | 8,546 | 2,037 | |
Albertsons Cos. Inc. Class A | 75,781 | 1,507 | |
Clorox Co. | 9,276 | 1,442 | |
* | Monster Beverage Corp. | 12,669 | 1,289 |
Spectrum Brands Holdings Inc. | 17,799 | 1,139 | |
* | Grocery Outlet Holding Corp. | 36,280 | 981 |
Reynolds Consumer Products Inc. | 25,326 | 695 | |
* | Freshpet Inc. | 8,811 | 548 |
Seaboard Corp. | 110 | 435 | |
* | Pilgrim's Pride Corp. | 10,575 | 247 |
Brown-Forman Corp. Class A | 1,310 | 85 | |
* | Boston Beer Co. Inc. Class A | 237 | 77 |
572,658 | |||
Energy (8.1%) | |||
Exxon Mobil Corp. | 1,840,670 | 202,308 | |
Chevron Corp. | 863,812 | 138,875 | |
ConocoPhillips | 557,446 | 57,612 | |
Schlumberger Ltd. | 630,050 | 33,525 | |
Marathon Petroleum Corp. | 208,953 | 25,827 | |
Valero Energy Corp. | 171,428 | 22,582 | |
Phillips 66 | 210,596 | 21,599 | |
Williams Cos. Inc. | 542,223 | 16,321 | |
Kinder Morgan Inc. | 884,253 | 15,085 | |
Baker Hughes Co. Class A | 419,403 | 12,834 | |
ONEOK Inc. | 175,526 | 11,488 | |
Pioneer Natural Resources Co. | 48,029 | 9,625 | |
* | First Solar Inc. | 47,105 | 7,967 |
EOG Resources Inc. | 70,408 | 7,958 |
Shares | Market Value• ($000) | ||
Devon Energy Corp. | 147,327 | 7,944 | |
Halliburton Co. | 219,068 | 7,937 | |
Cheniere Energy Inc. | 46,824 | 7,367 | |
Coterra Energy Inc. | 293,982 | 7,341 | |
Marathon Oil Corp. | 280,176 | 7,046 | |
EQT Corp. | 165,343 | 5,486 | |
APA Corp. | 142,219 | 5,458 | |
Diamondback Energy Inc. | 33,738 | 4,743 | |
Chesapeake Energy Corp. | 53,531 | 4,326 | |
NOV Inc. | 175,213 | 3,834 | |
Hess Corp. | 27,109 | 3,652 | |
Occidental Petroleum Corp. | 61,782 | 3,618 | |
HF Sinclair Corp. | 60,309 | 2,999 | |
* | Southwestern Energy Co. | 449,800 | 2,384 |
DTE Midstream LLC | 42,828 | 2,150 | |
*,1 | Plug Power Inc. | 117,181 | 1,742 |
Antero Midstream Corp. | 148,442 | 1,565 | |
Ovintiv Inc. (XNYS) | 31,560 | 1,350 | |
PDC Energy Inc. | 18,186 | 1,220 | |
* | Antero Resources Corp. | 43,180 | 1,131 |
Range Resources Corp. | 35,876 | 967 | |
* | Vitesse Energy Inc. | 10,654 | 185 |
668,051 | |||
Financials (20.0%) | |||
* | Berkshire Hathaway Inc. Class B | 805,631 | 245,862 |
JPMorgan Chase & Co. | 1,302,029 | 186,646 | |
Bank of America Corp. | 3,135,649 | 107,553 | |
Wells Fargo & Co. | 1,692,423 | 79,155 | |
Morgan Stanley | 550,048 | 53,080 | |
Goldman Sachs Group Inc. | 146,565 | 51,540 | |
S&P Global Inc. | 145,164 | 49,530 | |
BlackRock Inc. | 66,934 | 46,146 | |
Citigroup Inc. | 864,112 | 43,802 | |
Chubb Ltd. | 185,619 | 39,169 | |
CME Group Inc. | 160,145 | 29,684 | |
US Bancorp | 599,095 | 28,595 | |
PNC Financial Services Group Inc. | 179,887 | 28,408 | |
Truist Financial Corp. | 593,215 | 27,851 | |
Intercontinental Exchange Inc. | 246,183 | 25,061 | |
Charles Schwab Corp. | 301,671 | 23,506 | |
MetLife Inc. | 294,202 | 21,103 | |
American International Group Inc. | 332,294 | 20,306 | |
Travelers Cos. Inc. | 104,724 | 19,387 | |
Aflac Inc. | 276,207 | 18,824 | |
Bank of New York Mellon Corp. | 328,358 | 16,707 | |
Prudential Financial Inc. | 163,608 | 16,361 | |
Arthur J Gallagher & Co. | 82,465 | 15,450 | |
Allstate Corp. | 117,528 | 15,135 | |
State Street Corp. | 163,008 | 14,456 | |
KKR & Co. Inc. | 255,858 | 14,418 | |
Discover Financial Services | 121,575 | 13,616 | |
M&T Bank Corp. | 76,889 | 11,940 | |
Willis Towers Watson plc | 47,804 | 11,203 | |
Fifth Third Bancorp | 305,019 | 11,072 | |
Hartford Financial Services Group Inc. | 140,736 | 11,017 | |
T Rowe Price Group Inc. | 97,689 | 10,969 | |
First Republic Bank | 81,239 | 9,993 | |
Huntington Bancshares Inc. | 639,925 | 9,804 | |
Regions Financial Corp. | 417,019 | 9,725 |
Shares | Market Value• ($000) | ||
Principal Financial Group Inc. | 108,138 | 9,685 | |
Citizens Financial Group Inc. | 218,224 | 9,113 | |
Northern Trust Corp. | 91,166 | 8,685 | |
Raymond James Financial Inc. | 80,024 | 8,679 | |
Nasdaq Inc. | 153,672 | 8,615 | |
Cincinnati Financial Corp | 68,115 | 8,221 | |
KeyCorp | 416,325 | 7,615 | |
* | Arch Capital Group Ltd. | 106,047 | 7,423 |
* | Markel Corp. | 4,623 | 6,148 |
W R Berkley Corp. | 91,919 | 6,084 | |
Cboe Global Markets Inc. | 47,310 | 5,969 | |
Ameriprise Financial Inc. | 17,132 | 5,874 | |
First Horizon Corp. | 235,291 | 5,828 | |
Brown & Brown Inc. | 98,234 | 5,508 | |
Loews Corp. | 87,525 | 5,347 | |
Equitable Holdings Inc. | 165,337 | 5,195 | |
Progressive Corp. | 34,062 | 4,889 | |
Globe Life Inc. | 39,635 | 4,823 | |
East West Bancorp Inc. | 63,191 | 4,816 | |
*,1 | Coinbase Global Inc. Class A | 71,849 | 4,658 |
Fidelity National Financial Inc. | 116,371 | 4,639 | |
Everest Re Group Ltd. | 11,940 | 4,585 | |
MSCI Inc. Class A | 8,665 | 4,524 | |
Reinsurance Group of America Inc. | 29,913 | 4,322 | |
Annaly Capital Management Inc. | 208,325 | 4,308 | |
Webster Financial Corp. | 77,493 | 4,116 | |
Comerica Inc. | 58,693 | 4,114 | |
American Financial Group Inc. | 30,253 | 4,057 | |
Ally Financial Inc. | 132,644 | 3,986 | |
Unum Group | 87,534 | 3,900 | |
Marsh & McLennan Cos. Inc. | 23,798 | 3,859 | |
Franklin Resources Inc. | 125,192 | 3,689 | |
Apollo Global Management Inc. | 51,473 | 3,649 | |
Interactive Brokers Group Inc. Class A | 41,526 | 3,576 | |
Cullen/Frost Bankers Inc. | 25,963 | 3,422 | |
Jefferies Financial Group Inc. | 90,526 | 3,421 | |
Zions Bancorp NA | 66,512 | 3,367 | |
Commerce Bancshares Inc. | 50,851 | 3,364 | |
Old Republic International Corp. | 125,061 | 3,298 | |
Voya Financial Inc. | 44,040 | 3,281 | |
Carlyle Group Inc. | 93,003 | 3,199 | |
Primerica Inc. | 16,097 | 3,090 | |
Stifel Financial Corp. | 45,907 | 3,068 | |
Signature Bank | 26,355 | 3,032 | |
Invesco Ltd. | 166,040 | 2,932 | |
Prosperity Bancshares Inc. | 38,647 | 2,840 | |
Assurant Inc. | 22,005 | 2,803 | |
AGNC Investment Corp. | 250,637 | 2,724 | |
SEI Investments Co. | 44,919 | 2,706 | |
Affiliated Managers Group Inc. | 16,916 | 2,697 | |
First Citizens BancShares Inc. Class A | 3,672 | 2,694 | |
* | SVB Financial Group | 9,283 | 2,675 |
Shares | Market Value• ($000) | ||
Synovus Financial Corp. | 63,187 | 2,642 | |
New York Community Bancorp Inc. | 297,309 | 2,640 | |
First American Financial Corp. | 44,827 | 2,545 | |
* | Robinhood Markets Inc. Class A | 248,916 | 2,507 |
Starwood Property Trust Inc. | 130,487 | 2,500 | |
Pinnacle Financial Partners Inc. | 33,326 | 2,469 | |
Wintrust Financial Corp. | 26,316 | 2,425 | |
* | SoFi Technologies Inc. | 356,052 | 2,350 |
Bank OZK | 50,156 | 2,309 | |
Popular Inc. | 32,156 | 2,296 | |
FNB Corp. | 154,665 | 2,207 | |
Hanover Insurance Group Inc. | 15,569 | 2,172 | |
OneMain Holdings Inc. | 50,274 | 2,166 | |
Axis Capital Holdings Ltd. | 34,873 | 2,118 | |
Evercore Inc. Class A | 16,064 | 2,107 | |
RenaissanceRe Holdings Ltd. | 8,793 | 1,890 | |
Lincoln National Corp. | 59,061 | 1,873 | |
MGIC Investment Corp. | 132,364 | 1,821 | |
Rithm Capital Corp. | 193,348 | 1,759 | |
* | Brighthouse Financial Inc. | 30,319 | 1,753 |
Kemper Corp. | 28,308 | 1,744 | |
Umpqua Holdings Corp. | 96,499 | 1,704 | |
Janus Henderson Group plc | 60,791 | 1,669 | |
Assured Guaranty Ltd. | 26,309 | 1,642 | |
Aon plc Class A (XNYS) | 5,320 | 1,618 | |
SLM Corp. | 112,342 | 1,615 | |
White Mountains Insurance Group Ltd. | 1,102 | 1,591 | |
First Hawaiian Inc. | 56,219 | 1,538 | |
PacWest Bancorp | 51,044 | 1,416 | |
BOK Financial Corp. | 13,119 | 1,373 | |
Lazard Ltd. Class A | 36,763 | 1,373 | |
Western Alliance Bancorp | 17,970 | 1,334 | |
Bank of Hawaii Corp. | 17,548 | 1,314 | |
Tradeweb Markets Inc. Class A | 17,880 | 1,268 | |
*,1 | Credit Acceptance Corp. | 2,753 | 1,223 |
Moody's Corp. | 4,172 | 1,211 | |
* | Columbia Banking System Inc. | 34,806 | 1,035 |
Virtu Financial Inc. Class A | 43,301 | 796 | |
Corebridge Financial Inc. | 34,978 | 707 | |
Erie Indemnity Co. Class A | 2,925 | 689 | |
Broadridge Financial Solutions Inc. | 4,595 | 647 | |
CNA Financial Corp. | 12,884 | 564 | |
*,1 | Upstart Holdings Inc. | 26,504 | 491 |
TFS Financial Corp. | 23,335 | 338 | |
Morningstar Inc. | 991 | 205 | |
F&G Annuities & Life Inc. | 7,947 | 162 | |
*,1 | Rocket Cos. Inc. Class A | 20,541 | 161 |
1,656,163 | |||
Health Care (15.2%) | |||
Johnson & Johnson | 1,174,516 | 180,006 | |
Pfizer Inc. | 2,522,867 | 102,353 | |
Thermo Fisher Scientific Inc. | 153,438 | 83,127 | |
Merck & Co. Inc. | 656,390 | 69,735 | |
Abbott Laboratories | 663,984 | 67,540 |
Shares | Market Value• ($000) | ||
Danaher Corp. | 269,161 | 66,625 | |
Bristol-Myers Squibb Co. | 950,948 | 65,577 | |
Medtronic plc | 596,830 | 49,418 | |
Gilead Sciences Inc. | 560,697 | 45,153 | |
Elevance Health Inc. | 74,957 | 35,205 | |
Cigna Group | 112,444 | 32,845 | |
* | Regeneron Pharmaceuticals Inc. | 39,501 | 30,037 |
* | Boston Scientific Corp. | 637,542 | 29,786 |
Becton Dickinson and Co. | 126,843 | 29,751 | |
HCA Healthcare Inc. | 90,360 | 21,998 | |
Eli Lilly & Co. | 70,007 | 21,788 | |
* | Moderna Inc. | 139,083 | 19,306 |
Stryker Corp. | 72,841 | 19,148 | |
UnitedHealth Group Inc. | 37,555 | 17,874 | |
* | Centene Corp. | 253,335 | 17,328 |
* | Biogen Inc. | 63,838 | 17,227 |
* | Illumina Inc. | 70,209 | 13,986 |
* | GE Healthcare Inc. | 153,283 | 11,649 |
Zimmer Biomet Holdings Inc. | 93,599 | 11,594 | |
Laboratory Corp. of America Holdings | 39,267 | 9,399 | |
Cardinal Health Inc. | 117,243 | 8,876 | |
Amgen Inc. | 38,307 | 8,874 | |
* | Hologic Inc. | 109,741 | 8,740 |
STERIS plc | 44,649 | 8,395 | |
Humana Inc. | 16,557 | 8,196 | |
* | BioMarin Pharmaceutical Inc. | 81,870 | 8,153 |
Baxter International Inc. | 189,733 | 7,580 | |
Cooper Cos. Inc. | 21,738 | 7,108 | |
PerkinElmer Inc. | 56,388 | 7,024 | |
Quest Diagnostics Inc. | 50,274 | 6,956 | |
Viatris Inc. | 536,231 | 6,113 | |
Royalty Pharma plc Class A | 166,175 | 5,957 | |
Teleflex Inc. | 21,001 | 5,003 | |
* | United Therapeutics Corp. | 20,001 | 4,921 |
* | Henry Schein Inc. | 60,453 | 4,734 |
* | QIAGEN NV | 100,280 | 4,608 |
* | Bio-Rad Laboratories Inc. Class A | 9,622 | 4,598 |
* | Exact Sciences Corp. | 63,784 | 3,976 |
* | Jazz Pharmaceuticals plc | 27,397 | 3,847 |
* | Catalent Inc. | 54,545 | 3,721 |
Universal Health Services Inc. Class B | 27,710 | 3,701 | |
DENTSPLY SIRONA Inc. | 96,010 | 3,655 | |
* | Acadia Healthcare Co. Inc. | 39,810 | 2,887 |
* | Envista Holdings Corp. | 72,414 | 2,800 |
* | Intuitive Surgical Inc. | 12,192 | 2,797 |
* | Tenet Healthcare Corp. | 47,753 | 2,795 |
Organon & Co. | 113,991 | 2,792 | |
* | Align Technology Inc. | 8,827 | 2,732 |
Encompass Health Corp. | 43,719 | 2,471 | |
* | Elanco Animal Health Inc. (XNYS) | 199,011 | 2,283 |
Perrigo Co. plc | 59,644 | 2,248 | |
Chemed Corp. | 4,271 | 2,228 | |
Agilent Technologies Inc. | 13,765 | 1,954 | |
* | QuidelOrtho Corp. | 22,048 | 1,917 |
* | Globus Medical Inc. Class A | 32,344 | 1,887 |
* | Vertex Pharmaceuticals Inc. | 6,493 | 1,885 |
* | Oak Street Health Inc. | 51,819 | 1,834 |
* | Integra LifeSciences Holdings Corp. | 32,478 | 1,806 |
Shares | Market Value• ($000) | ||
* | Teladoc Health Inc. | 64,204 | 1,701 |
Premier Inc. Class A | 51,457 | 1,656 | |
* | Molina Healthcare Inc. | 5,811 | 1,600 |
* | Syneos Health Inc. | 37,880 | 1,524 |
* | Azenta Inc. | 33,103 | 1,453 |
* | Enovis Corp. | 23,223 | 1,338 |
* | Amedisys Inc. | 14,267 | 1,312 |
* | Repligen Corp. | 6,943 | 1,211 |
* | ICU Medical Inc. | 7,082 | 1,208 |
* | Signify Health Inc. Class A | 34,124 | 982 |
* | Doximity Inc. Class A | 26,506 | 891 |
* | Mirati Therapeutics Inc. | 18,976 | 870 |
* | Masimo Corp. | 5,186 | 868 |
* | Incyte Corp. | 10,635 | 819 |
* | Horizon Therapeutics plc | 6,698 | 733 |
* | Ginkgo Bioworks Holdings Inc. | 317,367 | 467 |
* | Avantor Inc. | 19,123 | 466 |
* | Exelixis Inc. | 19,934 | 340 |
* | Enhabit Inc. | 21,697 | 333 |
* | Charles River Laboratories International Inc. | 1,441 | 316 |
* | Ultragenyx Pharmaceutical Inc. | 7,094 | 316 |
* | Certara Inc. | 16,987 | 308 |
* | 10X Genomics Inc. Class A | 3,673 | 175 |
* | Ionis Pharmaceuticals Inc. | 4,841 | 174 |
* | Natera Inc. | 2,324 | 113 |
* | agilon health Inc. | 4,871 | 103 |
* | Tandem Diabetes Care Inc. | 1,730 | 62 |
1,261,846 | |||
Industrials (13.0%) | |||
Raytheon Technologies Corp. | 656,111 | 64,358 | |
American Express Co. | 251,561 | 43,769 | |
Honeywell International Inc. | 212,946 | 40,775 | |
General Electric Co. | 461,160 | 39,065 | |
* | Boeing Co. | 168,288 | 33,918 |
Eaton Corp. plc | 178,423 | 31,212 | |
* | Fiserv Inc. | 238,680 | 27,470 |
Northrop Grumman Corp. | 57,701 | 26,780 | |
3M Co. | 246,171 | 26,522 | |
* | PayPal Holdings Inc. | 352,045 | 25,911 |
General Dynamics Corp. | 108,426 | 24,711 | |
Norfolk Southern Corp. | 103,098 | 23,179 | |
FedEx Corp. | 106,929 | 21,730 | |
CSX Corp. | 700,958 | 21,372 | |
Johnson Controls International plc | 306,690 | 19,236 | |
Capital One Financial Corp. | 169,382 | 18,476 | |
* | Block Inc. (XNYS) | 239,544 | 18,380 |
Fidelity National Information Services Inc. | 264,143 | 16,739 | |
Carrier Global Corp. | 371,735 | 16,739 | |
PACCAR Inc. | 228,088 | 16,468 | |
DuPont de Nemours Inc. | 222,954 | 16,282 | |
Parker-Hannifin Corp. | 44,094 | 15,514 | |
Cummins Inc. | 62,817 | 15,270 | |
Emerson Electric Co. | 179,089 | 14,812 | |
AMETEK Inc. | 102,606 | 14,525 | |
Otis Worldwide Corp. | 162,612 | 13,760 | |
Global Payments Inc. | 119,231 | 13,378 | |
L3Harris Technologies Inc. | 52,521 | 11,092 | |
Ingersoll Rand Inc. (XYNS) | 181,789 | 10,556 | |
Fortive Corp. | 157,876 | 10,524 | |
TransDigm Group Inc. | 14,106 | 10,493 |
Shares | Market Value• ($000) | ||
Dover Corp. | 62,690 | 9,397 | |
Martin Marietta Materials Inc. | 25,481 | 9,170 | |
* | Teledyne Technologies Inc. | 20,671 | 8,890 |
Westinghouse Air Brake Technologies Corp. | 80,959 | 8,446 | |
Trane Technologies plc | 42,819 | 7,920 | |
United Rentals Inc. | 16,808 | 7,875 | |
Amcor plc | 671,969 | 7,486 | |
Synchrony Financial | 200,484 | 7,159 | |
Caterpillar Inc. | 29,859 | 7,153 | |
Xylem Inc. | 69,021 | 7,085 | |
Textron Inc. | 93,585 | 6,788 | |
Jacobs Solutions Inc. | 56,629 | 6,767 | |
PPG Industries Inc. | 49,548 | 6,543 | |
United Parcel Service Inc. Class B (XNYS) | 35,581 | 6,493 | |
Howmet Aerospace Inc. | 149,676 | 6,313 | |
IDEX Corp. | 27,785 | 6,251 | |
Hubbell Inc. Class B | 23,661 | 5,952 | |
Snap-on Inc. | 23,357 | 5,808 | |
* | Trimble Inc. | 109,041 | 5,677 |
Stanley Black & Decker Inc. | 66,237 | 5,671 | |
Packaging Corp. of America | 40,833 | 5,583 | |
Equifax Inc. | 27,292 | 5,527 | |
* | Builders FirstSource Inc. | 64,895 | 5,502 |
Vulcan Materials Co. | 30,377 | 5,496 | |
Expeditors International of Washington Inc. | 49,049 | 5,129 | |
Masco Corp. | 95,647 | 5,015 | |
Rockwell Automation Inc. | 16,553 | 4,882 | |
RPM International Inc. | 54,298 | 4,812 | |
AECOM | 55,561 | 4,798 | |
Ball Corp. | 83,263 | 4,680 | |
Quanta Services Inc. | 28,836 | 4,654 | |
Regal Rexnord Corp. | 29,501 | 4,651 | |
Nordson Corp. | 19,855 | 4,361 | |
Pentair plc | 73,832 | 4,130 | |
* | Zebra Technologies Corp. Class A | 13,591 | 4,081 |
Owens Corning | 41,679 | 4,076 | |
Knight-Swift Transportation Holdings Inc. | 69,135 | 3,930 | |
CH Robinson Worldwide Inc. | 37,927 | 3,791 | |
* | Bill Holdings Inc. | 44,306 | 3,750 |
Lennox International Inc. | 14,272 | 3,637 | |
Westrock Co. | 111,814 | 3,511 | |
* | Middleby Corp. | 22,258 | 3,461 |
Sensata Technologies Holding plc | 67,669 | 3,423 | |
Automatic Data Processing Inc. | 15,467 | 3,400 | |
AptarGroup Inc. | 29,095 | 3,396 | |
ITT Inc. | 37,217 | 3,383 | |
nVent Electric plc | 73,609 | 3,374 | |
AGCO Corp. | 23,653 | 3,331 | |
Illinois Tool Works Inc. | 13,734 | 3,202 | |
Huntington Ingalls Industries Inc. | 13,807 | 2,971 | |
Curtiss-Wright Corp. | 16,819 | 2,940 | |
Donaldson Co. Inc. | 45,351 | 2,868 | |
MDU Resources Group Inc. | 89,975 | 2,866 | |
A O Smith Corp. | 42,181 | 2,768 | |
Littelfuse Inc. | 10,696 | 2,767 |
Shares | Market Value• ($000) | ||
Acuity Brands Inc. | 14,178 | 2,750 | |
* | MasTec Inc. | 27,390 | 2,677 |
Oshkosh Corp. | 29,347 | 2,617 | |
Valmont Industries Inc. | 8,152 | 2,587 | |
Woodward Inc. | 26,077 | 2,582 | |
Sonoco Products Co. | 43,290 | 2,557 | |
Crane Holdings Co. | 20,764 | 2,487 | |
MKS Instruments Inc. | 25,590 | 2,480 | |
* | Mohawk Industries Inc. | 23,509 | 2,418 |
Fortune Brands Innovations Inc. | 38,242 | 2,369 | |
Brunswick Corp. | 26,887 | 2,350 | |
* | WillScot Mobile Mini Holdings Corp. | 43,234 | 2,222 |
* | Axalta Coating Systems Ltd. | 74,476 | 2,219 |
Ryder System Inc. | 21,482 | 2,103 | |
* | GXO Logistics Inc. | 42,047 | 2,084 |
Watsco Inc. | 6,802 | 2,073 | |
Air Lease Corp. Class A | 47,442 | 2,053 | |
Flowserve Corp. | 57,441 | 1,993 | |
Silgan Holdings Inc. | 37,028 | 1,977 | |
* | Kirby Corp. | 26,814 | 1,945 |
Tetra Tech Inc. | 13,926 | 1,906 | |
ManpowerGroup Inc. | 22,388 | 1,900 | |
Genpact Ltd. | 37,855 | 1,807 | |
MSC Industrial Direct Co. Inc. Class A | 20,872 | 1,764 | |
Berry Global Group Inc. | 28,355 | 1,761 | |
Louisiana-Pacific Corp. | 28,246 | 1,653 | |
Graco Inc. | 23,456 | 1,631 | |
* | FTI Consulting Inc. | 8,765 | 1,610 |
* | WESCO International Inc. | 9,169 | 1,518 |
TransUnion | 22,957 | 1,502 | |
BWX Technologies Inc. | 24,506 | 1,498 | |
Western Union Co. | 114,412 | 1,483 | |
* | Axon Enterprise Inc. | 7,033 | 1,409 |
* | XPO Inc. | 42,091 | 1,404 |
MSA Safety Inc. | 10,018 | 1,346 | |
*,1 | Affirm Holdings Inc. | 97,398 | 1,327 |
Esab Corp. | 22,319 | 1,309 | |
* | AZEK Co. Inc. Class A | 49,236 | 1,186 |
Cintas Corp. | 2,642 | 1,158 | |
* | Mercury Systems Inc. | 22,043 | 1,154 |
* | WEX Inc. | 5,423 | 1,046 |
Carlisle Cos. Inc. | 3,731 | 963 | |
* | Keysight Technologies Inc. | 5,814 | 930 |
Allegion plc | 8,195 | 924 | |
* | RXO Inc. | 42,091 | 866 |
JB Hunt Transport Services Inc. | 3,989 | 721 | |
Graphic Packaging Holding Co. | 30,256 | 720 | |
Vontier Corp. | 26,161 | 685 | |
ADT Inc. | 90,646 | 683 | |
Schneider National Inc. Class B | 23,666 | 664 | |
* | Gates Industrial Corp. plc | 45,024 | 632 |
Armstrong World Industries Inc. | 7,999 | 631 | |
* | Euronet Worldwide Inc. | 5,244 | 571 |
Crown Holdings Inc. | 6,303 | 545 | |
* | Core & Main Inc. Class A | 20,975 | 489 |
Robert Half International Inc. | 6,032 | 486 | |
HEICO Corp. | 2,634 | 436 | |
* | TopBuild Corp. | 1,960 | 407 |
Shares | Market Value• ($000) | ||
* | Hayward Holdings Inc. | 32,050 | 395 |
Eagle Materials Inc. | 2,711 | 380 | |
Allison Transmission Holdings Inc. | 7,851 | 373 | |
* | Masterbrand Inc. | 38,242 | 372 |
Landstar System Inc. | 1,581 | 286 | |
Ardagh Metal Packaging SA | 51,220 | 247 | |
Cognex Corp. | 5,042 | 239 | |
* | Ardagh Group SA | 8,833 | 96 |
Spirit AeroSystems Holdings Inc. Class A | 1,520 | 52 | |
HEICO Corp. Class A | 353 | 46 | |
1,077,760 | |||
Real Estate (4.7%) | |||
Prologis Inc. | 410,589 | 50,667 | |
Realty Income Corp. | 278,871 | 17,834 | |
Welltower Inc. | 211,265 | 15,659 | |
VICI Properties Inc. | 428,677 | 14,374 | |
Digital Realty Trust Inc. | 128,229 | 13,365 | |
* | CoStar Group Inc. | 153,470 | 10,844 |
Alexandria Real Estate Equities Inc. | 72,183 | 10,812 | |
AvalonBay Communities Inc. | 62,269 | 10,743 | |
Equity Residential | 163,805 | 10,241 | |
Weyerhaeuser Co. | 326,008 | 10,188 | |
American Tower Corp. | 48,338 | 9,571 | |
SBA Communications Corp. Class A | 36,729 | 9,526 | |
Simon Property Group Inc. | 75,037 | 9,161 | |
Ventas Inc. | 177,537 | 8,637 | |
Invitation Homes Inc. | 272,309 | 8,512 | |
Extra Space Storage Inc. | 51,684 | 8,510 | |
Mid-America Apartment Communities Inc. | 51,218 | 8,200 | |
Sun Communities Inc. | 54,454 | 7,795 | |
WP Carey Inc. | 91,763 | 7,447 | |
Equinix Inc. | 10,156 | 6,990 | |
Essex Property Trust Inc. | 29,125 | 6,642 | |
UDR Inc. | 145,250 | 6,223 | |
* | CBRE Group Inc. Class A | 72,499 | �� 6,173 |
Gaming and Leisure Properties Inc. | 109,618 | 5,906 | |
Healthpeak Properties Inc. | 241,739 | 5,816 | |
Kimco Realty Corp. | 271,144 | 5,588 | |
Host Hotels & Resorts Inc. | 313,215 | 5,262 | |
Rexford Industrial Realty Inc. | 81,944 | 4,954 | |
Camden Property Trust | 42,707 | 4,901 | |
Regency Centers Corp. | 76,615 | 4,819 | |
CubeSmart | 99,011 | 4,653 | |
Boston Properties Inc. | 69,169 | 4,529 | |
Life Storage Inc. | 37,245 | 4,489 | |
Public Storage | 14,314 | 4,279 | |
American Homes 4 Rent Class A | 137,161 | 4,255 | |
Federal Realty Investment Trust | 35,649 | 3,807 | |
* | Jones Lang LaSalle Inc. | 20,987 | 3,661 |
National Retail Properties Inc. | 80,382 | 3,643 | |
Americold Realty Trust Inc. | 120,201 | 3,534 | |
Healthcare Realty Trust Inc. Class A | 169,687 | 3,309 | |
First Industrial Realty Trust Inc. | 59,714 | 3,150 |
Shares | Market Value• ($000) | ||
EastGroup Properties Inc. | 18,370 | 2,999 | |
Brixmor Property Group Inc. | 131,756 | 2,983 | |
Omega Healthcare Investors Inc. | 105,015 | 2,813 | |
Medical Properties Trust Inc. | 266,002 | 2,740 | |
* | Zillow Group Inc. Class A | 62,792 | 2,596 |
Spirit Realty Capital Inc. | 61,693 | 2,541 | |
Apartment Income REIT Corp. | 61,812 | 2,336 | |
Rayonier Inc. | 63,756 | 2,141 | |
Equity LifeStyle Properties Inc. | 30,459 | 2,087 | |
Kilroy Realty Corp. | 51,710 | 1,863 | |
Iron Mountain Inc. | 32,524 | 1,716 | |
Cousins Properties Inc. | 68,861 | 1,686 | |
National Storage Affiliates Trust | 37,660 | 1,593 | |
Vornado Realty Trust | 79,694 | 1,576 | |
Park Hotels & Resorts Inc. | 102,168 | 1,405 | |
* | Howard Hughes Corp. | 16,606 | 1,380 |
EPR Properties | 33,700 | 1,376 | |
Highwoods Properties Inc. | 45,515 | 1,206 | |
* | Zillow Group Inc. Class C | 28,350 | 1,191 |
Douglas Emmett Inc. | 76,959 | 1,087 | |
SL Green Realty Corp. | 28,967 | 986 | |
JBG SMITH Properties | 47,896 | 826 | |
Hudson Pacific Properties Inc. | 59,104 | 546 | |
Lamar Advertising Co. Class A | 4,609 | 482 | |
* | Opendoor Technologies Inc. | 148,269 | 214 |
* | WeWork Inc. Class A | 99,495 | 115 |
391,153 | |||
Technology (8.2%) | |||
* | Meta Platforms Inc. Class A | 789,954 | 138,195 |
* | Salesforce Inc. | 337,496 | 55,218 |
Intel Corp. | 1,827,834 | 45,568 | |
Analog Devices Inc. | 182,816 | 33,541 | |
* | Alphabet Inc. Class A | 344,607 | 31,035 |
* | Alphabet Inc. Class C | 313,706 | 28,328 |
Micron Technology Inc. | 392,749 | 22,709 | |
Texas Instruments Inc. | 127,505 | 21,861 | |
Roper Technologies Inc. | 47,091 | 20,259 | |
Oracle Corp. | 213,186 | 18,632 | |
International Business Machines Corp. | 133,734 | 17,292 | |
Marvell Technology Inc. | 380,086 | 17,161 | |
Cognizant Technology Solutions Corp. Class A | 228,077 | 14,284 | |
* | Advanced Micro Devices Inc. | 153,058 | 12,027 |
Corning Inc. | 317,131 | 10,767 | |
Hewlett Packard Enterprise Co. | 570,560 | 8,906 | |
Skyworks Solutions Inc. | 71,582 | 7,986 | |
* | VeriSign Inc. | 36,844 | 7,252 |
HP Inc. | 243,548 | 7,190 | |
Leidos Holdings Inc. | 60,984 | 5,920 | |
SS&C Technologies Holdings Inc. | 98,560 | 5,785 | |
* | ON Semiconductor Corp. | 73,401 | 5,682 |
* | ANSYS Inc. | 18,136 | 5,506 |
* | Western Digital Corp. | 142,116 | 5,469 |
* | VMware Inc. Class A | 48,595 | 5,352 |
Shares | Market Value• ($000) | ||
* | Pinterest Inc. Class A | 203,696 | 5,115 |
* | Akamai Technologies Inc. | 69,283 | 5,030 |
Amphenol Corp. Class A | 64,424 | 4,994 | |
Amdocs Ltd. | 53,617 | 4,912 | |
* | GoDaddy Inc. Class A | 60,653 | 4,592 |
* | Qorvo Inc. | 45,360 | 4,576 |
* | Zoom Video Communications Inc. Class A | 56,358 | 4,204 |
* | Okta Inc. | 58,495 | 4,170 |
* | Wolfspeed Inc. | 55,059 | 4,073 |
Dell Technologies Inc. Class C | 95,868 | 3,896 | |
* | F5 Inc. | 26,488 | 3,787 |
* | Black Knight Inc. | 62,000 | 3,695 |
* | Ceridian HCM Holding Inc. | 49,219 | 3,590 |
* | Twilio Inc. Class A | 48,760 | 3,277 |
Gen Digital Inc. (XNGS) | 160,007 | 3,122 | |
* | Arrow Electronics Inc. | 25,992 | 3,067 |
* | CACI International Inc. Class A | 10,331 | 3,027 |
* | DXC Technology Co. | 103,642 | 2,875 |
Microchip Technology Inc. | 35,065 | 2,841 | |
Concentrix Corp. | 19,108 | 2,615 | |
* | Guidewire Software Inc. | 37,200 | 2,612 |
Science Applications International Corp. | 23,980 | 2,557 | |
National Instruments Corp. | 50,343 | 2,543 | |
* | Cirrus Logic Inc. | 23,959 | 2,462 |
Dolby Laboratories Inc. Class A | 27,423 | 2,256 | |
* | UiPath Inc. Class A | 151,907 | 2,254 |
* | Clarivate plc | 212,464 | 2,152 |
TD SYNNEX Corp. | 20,760 | 2,004 | |
* | Coherent Corp. | 44,826 | 1,933 |
Vertiv Holdings Co. Class A | 113,278 | 1,841 | |
Avnet Inc. | 40,946 | 1,831 | |
* | IPG Photonics Corp. | 14,733 | 1,816 |
* | IAC Inc. | 34,760 | 1,805 |
* | Manhattan Associates Inc. | 10,468 | 1,505 |
* | Kyndryl Holdings Inc. | 91,423 | 1,434 |
* | Nutanix Inc. Class A | 49,295 | 1,393 |
* | Snowflake Inc. Class A | 8,950 | 1,382 |
* | NCR Corp. | 54,027 | 1,379 |
*,1 | GLOBALFOUNDRIES Inc. | 21,015 | 1,373 |
Dun & Bradstreet Holdings Inc. | 111,591 | 1,340 | |
KBR Inc. | 21,561 | 1,188 | |
*,1 | Unity Software Inc. | 36,008 | 1,096 |
Jabil Inc. | 10,982 | 912 | |
* | Teradata Corp. | 20,828 | 849 |
* | Tyler Technologies Inc. | 2,220 | 713 |
* | DoorDash Inc. Class A | 12,926 | 707 |
* | nCino Inc. | 25,559 | 697 |
Teradyne Inc. | 6,450 | 652 | |
* | Paycor HCM Inc. | 24,709 | 612 |
* | Procore Technologies Inc. | 8,101 | 543 |
* | Wix.com Ltd. | 5,043 | 457 |
* | SentinelOne Inc. Class A | 25,394 | 406 |
* | CCC Intelligent Solutions Holdings Inc. | 43,950 | 394 |
* | Match Group Inc. | 7,758 | 321 |
* | Informatica Inc. Class A | 12,722 | 219 |
* | Dropbox Inc. Class A | 8,010 | 163 |
* | Jamf Holding Corp. | 4,165 | 88 |
* | DoubleVerify Holdings Inc. | 3,282 | 86 |
Shares | Market Value• ($000) | ||
* | Definitive Healthcare Corp. Class A | 5,803 | 66 |
677,424 | |||
Telecommunications (4.5%) | |||
Cisco Systems Inc. | 1,834,224 | 88,813 | |
Verizon Communications Inc. | 1,876,172 | 72,814 | |
Comcast Corp. Class A | 1,917,414 | 71,270 | |
AT&T Inc. | 3,195,588 | 60,429 | |
* | T-Mobile US Inc. | 266,196 | 37,848 |
Motorola Solutions Inc. | 73,331 | 19,272 | |
Juniper Networks Inc. | 140,959 | 4,339 | |
* | Ciena Corp. | 65,912 | 3,178 |
* | Frontier Communications Parent Inc. | 109,275 | 2,990 |
* | Liberty Broadband Corp. Class C | 32,599 | 2,825 |
* | Roku Inc. | 38,543 | 2,493 |
* | Lumentum Holdings Inc. | 30,783 | 1,657 |
Lumen Technologies Inc. | 451,137 | 1,534 | |
* | DISH Network Corp. Class A | 111,858 | 1,276 |
* | ViaSat Inc. | 32,560 | 1,034 |
Cable One Inc. | 938 | 648 | |
* | Altice USA Inc. Class A | 91,977 | 364 |
Ubiquiti Inc. | 1,316 | 353 | |
* | Liberty Broadband Corp. Class A | 158 | 14 |
373,151 | |||
Utilities (5.6%) | |||
NextEra Energy Inc. | 886,478 | 62,967 | |
Duke Energy Corp. | 344,406 | 32,464 | |
Southern Co. | 485,803 | 30,635 | |
Sempra Energy (XNYS) | 140,632 | 21,089 | |
Dominion Energy Inc. | 370,864 | 20,627 | |
American Electric Power Co. Inc. | 228,998 | 20,145 | |
Exelon Corp. | 442,039 | 17,854 | |
Xcel Energy Inc. | 242,691 | 15,671 | |
Consolidated Edison Inc. | 158,179 | 14,133 | |
Public Service Enterprise Group Inc. | 221,965 | 13,413 | |
WEC Energy Group Inc. | 140,573 | 12,463 | |
Eversource Energy | 153,563 | 11,573 | |
* | PG&E Corp. | 736,061 | 11,497 |
American Water Works Co. Inc. | 81,519 | 11,444 | |
Republic Services Inc. Class A | 86,289 | 11,125 | |
Edison International | 167,927 | 11,118 | |
Constellation Energy Corp. | 145,613 | 10,905 | |
FirstEnergy Corp. | 242,356 | 9,583 | |
Ameren Corp. | 114,901 | 9,503 | |
DTE Energy Co. | 85,852 | 9,419 | |
Entergy Corp. | 90,667 | 9,327 | |
PPL Corp. | 327,464 | 8,864 | |
CenterPoint Energy Inc. | 279,524 | 7,776 | |
CMS Energy Corp. | 129,215 | 7,620 | |
Atmos Energy Corp. | 61,150 | 6,898 | |
AES Corp. | 244,708 | 6,039 | |
Evergy Inc. | 98,344 | 5,784 | |
Alliant Energy Corp. | 112,309 | 5,758 | |
NiSource Inc. | 182,459 | 5,005 | |
Essential Utilities Inc. | 102,352 | 4,379 | |
Pinnacle West Capital Corp. | 50,411 | 3,714 | |
UGI Corp. | 93,748 | 3,490 | |
NRG Energy Inc. | 101,846 | 3,340 |
Shares | Market Value• ($000) | ||
OGE Energy Corp. | 89,209 | 3,187 | |
* | Clean Harbors Inc. | 22,979 | 3,035 |
IDACORP Inc. | 22,217 | 2,297 | |
* | Sunrun Inc. | 93,271 | 2,242 |
National Fuel Gas Co. | 35,988 | 2,061 | |
Hawaiian Electric Industries Inc. | 49,325 | 1,995 | |
* | Stericycle Inc. | 41,540 | 1,981 |
Waste Management Inc. | 11,415 | 1,710 | |
Vistra Corp. | 74,308 | 1,634 | |
1 | Brookfield Renewable Corp. Class A | 56,791 | 1,582 |
1 | Avangrid Inc. | 32,490 | 1,268 |
458,614 | |||
Total Common Stocks (Cost $8,068,198) | 8,268,965 | ||
Temporary Cash Investments (0.3%) | |||
Money Market Fund (0.3%) | |||
2,3 | Vanguard Market Liquidity Fund, 4.640% (Cost $27,336) | 273,423 | 27,340 |
Total Investments (100.2%) (Cost $8,095,534) | 8,296,305 | ||
Other Assets and Liabilities—Net (-0.2%) | (13,539) | ||
Net Assets (100%) | 8,282,766 | ||
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 $26,431,000. |
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 $27,323,000 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 2023 | 34 | 6,758 | (6) |
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) |
L3Harris Technologies Inc. | 8/31/23 | BANA | 6,758 | (4.569) | — | (24) |
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, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $8,068,198) | 8,268,965 |
Affiliated Issuers (Cost $27,336) | 27,340 |
Total Investments in Securities | 8,296,305 |
Investment in Vanguard | 305 |
Cash Collateral Pledged—Futures Contracts | 370 |
Receivables for Investment Securities Sold | 408 |
Receivables for Accrued Income | 17,997 |
Receivables for Capital Shares Issued | 525 |
Total Assets | 8,315,910 |
Liabilities | |
Due to Custodian | 4,029 |
Payables for Investment Securities Purchased | 1,167 |
Collateral for Securities on Loan | 27,323 |
Payables for Capital Shares Redeemed | 345 |
Payables to Vanguard | 235 |
Variation Margin Payable—Futures Contracts | 21 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 24 |
Total Liabilities | 33,144 |
Net Assets | 8,282,766 |
1 Includes $26,431,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 8,501,705 |
Total Distributable Earnings (Loss) | (218,939) |
Net Assets | 8,282,766 |
ETF Shares—Net Assets | |
Applicable to 100,202,615 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 6,763,251 |
Net Asset Value Per Share—ETF Shares | $67.50 |
Institutional Shares—Net Assets | |
Applicable to 5,763,840 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,519,515 |
Net Asset Value Per Share—Institutional Shares | $263.63 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 90,328 |
Interest2 | 131 |
Securities Lending—Net | 681 |
Total Income | 91,140 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 97 |
Management and Administrative—ETF Shares | 2,044 |
Management and Administrative—Institutional Shares | 448 |
Marketing and Distribution—ETF Shares | 189 |
Marketing and Distribution—Institutional Shares | 30 |
Custodian Fees | 213 |
Shareholders’ Reports—ETF Shares | 81 |
Shareholders’ Reports—Institutional Shares | 2 |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 6 |
Total Expenses | 3,112 |
Net Investment Income | 88,028 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 160,499 |
Futures Contracts | (474) |
Swap Contracts | (595) |
Realized Net Gain (Loss) | 159,430 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 82,955 |
Futures Contracts | 110 |
Swap Contracts | (24) |
Change in Unrealized Appreciation (Depreciation) | 83,041 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 330,499 |
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 $124,000, $1,000, less than $1,000, and $3,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $197,466,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 88,028 | 171,881 | |
Realized Net Gain (Loss) | 159,430 | 542,488 | |
Change in Unrealized Appreciation (Depreciation) | 83,041 | (1,252,050) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 330,499 | (537,681) | |
Distributions | |||
ETF Shares | (77,991) | (132,812) | |
Institutional Shares | (19,186) | (34,153) | |
Total Distributions | (97,177) | (166,965) | |
Capital Share Transactions | |||
ETF Shares | 590,326 | (28,099) | |
Institutional Shares | (129,278) | (20,655) | |
Net Increase (Decrease) from Capital Share Transactions | 461,048 | (48,754) | |
Total Increase (Decrease) | 694,370 | (753,400) | |
Net Assets | |||
Beginning of Period | 7,588,396 | 8,341,796 | |
End of Period | 8,282,766 | 7,588,396 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 20211 | 20201 | 20191 | 20181 | ||
Net Asset Value, Beginning of Period | $65.70 | $71.54 | $53.52 | $54.61 | $55.60 | $50.66 |
Investment Operations | ||||||
Net Investment Income2 | .728 | 1.415 | 1.282 | 1.408 | 1.357 | 1.261 |
Net Realized and Unrealized Gain (Loss) on Investments | 1.879 | (5.875) | 17.932 | (1.056) | (1.054) | 4.918 |
Total from Investment Operations | 2.607 | (4.460) | 19.214 | .352 | .303 | 6.179 |
Distributions | ||||||
Dividends from Net Investment Income | (.807) | (1.380) | (1.194) | (1.442) | (1.293) | (1.239) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.807) | (1.380) | (1.194) | (1.442) | (1.293) | (1.239) |
Net Asset Value, End of Period | $67.50 | $65.70 | $71.54 | $53.52 | $54.61 | $55.60 |
Total Return | 4.04% | -6.32% | 36.32% | 0.75% | 0.60% | 12.36% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $6,763 | $5,980 | $6,569 | $2,646 | $1,914 | $1,487 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.12% |
Ratio of Net Investment Income to Average Net Assets | 2.19% | 2.02% | 1.99% | 2.65% | 2.51% | 2.35% |
Portfolio Turnover Rate3 | 2% | 14% | 19% | 24% | 17% | 16% |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $256.61 | $279.40 | $209.00 | $213.25 | $217.14 | $197.85 |
Investment Operations | ||||||
Net Investment Income1 | 2.853 | 5.555 | 5.002 | 5.594 | 5.294 | 4.978 |
Net Realized and Unrealized Gain (Loss) on Investments | 7.330 | (22.930) | 70.071 | (4.226) | (4.087) | 19.227 |
Total from Investment Operations | 10.183 | (17.375) | 75.073 | 1.368 | 1.207 | 24.205 |
Distributions | ||||||
Dividends from Net Investment Income | (3.163) | (5.415) | (4.673) | (5.618) | (5.097) | (4.915) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (3.163) | (5.415) | (4.673) | (5.618) | (5.097) | (4.915) |
Net Asset Value, End of Period | $263.63 | $256.61 | $279.40 | $209.00 | $213.25 | $217.14 |
Total Return | 4.04% | -6.30% | 36.35% | 0.81% | 0.61% | 12.39% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,520 | $1,608 | $1,773 | $1,207 | $1,889 | $1,603 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 2.20% | 2.03% | 2.01% | 2.64% | 2.52% | 2.39% |
Portfolio Turnover Rate2 | 2% | 14% | 19% | 24% | 17% | 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 | 8,268,869 | 96 | — | 8,268,965 |
Temporary Cash Investments | 27,340 | — | — | 27,340 |
Total | 8,296,209 | 96 | — | 8,296,305 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 6 | — | — | 6 |
Swap Contracts | — | 24 | — | 24 |
Total | 6 | 24 | — | 30 |
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, 2023, 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 | 8,115,690 |
Gross Unrealized Appreciation | 785,017 |
Gross Unrealized Depreciation | (604,408) |
Net Unrealized Appreciation (Depreciation) | 180,609 |
E. | During the six months ended February 28, 2023, the fund purchased $1,439,701,000 of investment securities and sold $985,466,000 of investment securities, other than temporary cash investments. Purchases and sales include $1,286,794,000 and $718,612,000, 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, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,309,251 | 19,825 | 2,456,832 | 35,376 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (718,925) | (10,650) | (2,484,931) | (36,175) | |
Net Increase (Decrease)—ETF Shares | 590,326 | 9,175 | (28,099) | (799) | |
Institutional Shares | |||||
Issued | 66,777 | 260 | 344,309 | 1,268 | |
Issued in Lieu of Cash Distributions | 16,441 | 66 | 29,650 | 110 | |
Redeemed | (212,496) | (828) | (394,614) | (1,457) | |
Net Increase (Decrease)—Institutional Shares | (129,278) | (502) | (20,655) | (79) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Basic Materials | 0.9% |
Consumer Discretionary | 18.4 |
Consumer Staples | 4.3 |
Energy | 1.6 |
Financials | 3.3 |
Health Care | 11.6 |
Industrials | 13.6 |
Real Estate | 1.6 |
Technology | 43.8 |
Telecommunications | 0.5 |
Utilities | 0.4 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Basic Materials (0.9%) | |||
Linde plc | 75,868 | 26,430 | |
Ecolab Inc. | 159,363 | 25,398 | |
Fastenal Co. | 418,790 | 21,593 | |
CF Industries Holdings Inc. | 143,225 | 12,302 | |
Albemarle Corp. | 43,807 | 11,141 | |
Avery Dennison Corp. | 36,690 | 6,684 | |
Valvoline Inc. | 129,275 | 4,550 | |
FMC Corp. | 31,305 | 4,043 | |
Southern Copper Corp. | 40,145 | 2,958 | |
* | MP Materials Corp. | 66,448 | 2,326 |
Chemours Co. | 64,921 | 2,219 | |
Mosaic Co. | 31,621 | 1,682 | |
Scotts Miracle-Gro Co. | 9,455 | 780 | |
Royal Gold Inc. | 3,275 | 389 | |
122,495 | |||
Consumer Discretionary (18.4%) | |||
* | Amazon.com Inc. | 6,484,701 | 611,053 |
* | Tesla Inc. | 1,885,681 | 387,903 |
Costco Wholesale Corp. | 323,135 | 156,456 | |
Home Depot Inc. | 437,387 | �� 129,703 | |
NIKE Inc. Class B | 893,946 | 106,192 | |
Lowe's Cos. Inc. | 391,253 | 80,500 | |
* | Booking Holdings Inc. | 28,292 | 71,409 |
TJX Cos. Inc. | 846,771 | 64,863 | |
* | Netflix Inc. | 144,249 | 46,467 |
Estee Lauder Cos. Inc. Class A | 167,084 | 40,610 | |
* | Uber Technologies Inc. | 1,213,357 | 40,356 |
Dollar General Corp. | 164,643 | 35,612 | |
McDonald's Corp. | 131,229 | 34,633 | |
* | Airbnb Inc. Class A | 274,083 | 33,789 |
Marriott International Inc. Class A | 193,755 | 32,791 | |
Target Corp. | 185,723 | 31,294 | |
* | AutoZone Inc. | 12,559 | 31,228 |
Starbucks Corp. | 301,587 | 30,789 | |
* | Chipotle Mexican Grill Inc. Class A | 20,313 | 30,288 |
* | Lululemon Athletica Inc. | 81,220 | 25,113 |
* | Copart Inc. | 309,739 | 21,824 |
Hilton Worldwide Holdings Inc. | 140,068 | 20,241 | |
* | Warner Bros Discovery Inc. | 1,262,990 | 19,728 |
* | Ulta Beauty Inc. | 36,782 | 19,083 |
Tractor Supply Co. | 80,355 | 18,744 |
Shares | Market Value• ($000) | ||
* | Delta Air Lines Inc. | 466,922 | 17,902 |
* | Trade Desk Inc. Class A | 319,016 | 17,852 |
* | O'Reilly Automotive Inc. | 18,421 | 15,291 |
* | Expedia Group Inc. | 109,928 | 11,979 |
* | Roblox Corp. Class A | 324,237 | 11,880 |
* | Spotify Technology SA | 101,637 | 11,820 |
Ross Stores Inc. | 105,375 | 11,648 | |
DR Horton Inc. | 119,754 | 11,075 | |
* | Etsy Inc. | 90,904 | 11,037 |
* | Take-Two Interactive Software Inc. | 99,097 | 10,856 |
Pool Corp. | 27,757 | 9,905 | |
* | Burlington Stores Inc. | 45,180 | 9,680 |
Darden Restaurants Inc. | 64,797 | 9,265 | |
* | Walt Disney Co. | 88,845 | 8,850 |
* | Five Below Inc. | 39,447 | 8,059 |
* | NVR Inc. | 1,527 | 7,900 |
* | Deckers Outdoor Corp. | 17,149 | 7,140 |
* | Dollar Tree Inc. | 48,252 | 7,010 |
* | Floor & Decor Holdings Inc. Class A | 75,611 | 6,942 |
Vail Resorts Inc. | 27,850 | 6,503 | |
Churchill Downs Inc. | 25,827 | 6,348 | |
* | Aptiv plc | 49,790 | 5,790 |
Rollins Inc. | 157,850 | 5,556 | |
Domino's Pizza Inc. | 18,588 | 5,465 | |
* | Caesars Entertainment Inc. | 102,301 | 5,193 |
* | Las Vegas Sands Corp. | 89,951 | 5,169 |
* | DraftKings Inc. Class A | 257,481 | 4,856 |
Williams-Sonoma Inc. | 38,265 | 4,780 | |
* | BJ's Wholesale Club Holdings Inc. | 62,019 | 4,453 |
* | Live Nation Entertainment Inc. | 57,354 | 4,133 |
Best Buy Co. Inc. | 45,837 | 3,810 | |
* | Planet Fitness Inc. Class A | 43,939 | 3,561 |
PulteGroup Inc. | 63,060 | 3,448 | |
H&R Block Inc. | 93,449 | 3,439 | |
Polaris Inc. | 29,900 | 3,401 | |
Wyndham Hotels & Resorts Inc. | 43,633 | 3,361 | |
* | IAA Inc. | 81,272 | 3,325 |
*,1 | Lucid Group Inc. | 360,225 | 3,289 |
Yum! Brands Inc. | 24,201 | 3,077 | |
* | SiteOne Landscape Supply Inc. | 19,678 | 2,919 |
Wendy's Co. | 126,105 | 2,769 |
Shares | Market Value• ($000) | ||
Choice Hotels International Inc. | 23,386 | 2,768 | |
World Wrestling Entertainment Inc. Class A | 31,342 | 2,633 | |
Toll Brothers Inc. | 41,462 | 2,485 | |
* | YETI Holdings Inc. | 61,291 | 2,389 |
eBay Inc. | 51,069 | 2,344 | |
* | Mattel Inc. | 120,318 | 2,165 |
* | Lyft Inc. Class A | 187,019 | 1,870 |
Travel + Leisure Co. | 42,305 | 1,775 | |
* | Victoria's Secret & Co. | 42,238 | 1,674 |
*,1 | Wayfair Inc. Class A | 36,807 | 1,490 |
* | RH | 4,939 | 1,477 |
Genuine Parts Co. | 7,985 | 1,412 | |
Electronic Arts Inc. | 12,110 | 1,343 | |
1 | Nordstrom Inc. | 68,214 | 1,329 |
Madison Square Garden Sports Corp. | 6,583 | 1,258 | |
* | Leslie's Inc. | 98,848 | 1,246 |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 36,685 | 1,182 |
* | Liberty Media Corp.-Liberty Formula One Class C | 17,327 | 1,176 |
Tapestry Inc. | 24,575 | 1,069 | |
* | Wynn Resorts Ltd. | 9,308 | 1,009 |
* | Bright Horizons Family Solutions Inc. | 12,605 | 994 |
* | CarMax Inc. | 14,050 | 970 |
* | Six Flags Entertainment Corp. | 26,060 | 688 |
*,1 | Carvana Co. Class A | 72,732 | 685 |
* | Skechers USA Inc. Class A | 15,202 | 677 |
* | Playtika Holding Corp. | 67,066 | 644 |
Advance Auto Parts Inc. | 3,227 | 468 | |
Nexstar Media Group Inc. Class A | 2,362 | 439 | |
*,1 | Mister Car Wash Inc. | 41,172 | 380 |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 11,691 | 379 |
* | Norwegian Cruise Line Holdings Ltd. | 20,596 | 305 |
* | Ollie's Bargain Outlet Holdings Inc. | 1,638 | 94 |
* | TripAdvisor Inc. | 4,199 | 91 |
* | Driven Brands Holdings Inc. | 1,713 | 48 |
2,462,361 | |||
Consumer Staples (4.3%) | |||
PepsiCo Inc. | 852,223 | 147,886 | |
Coca-Cola Co. | 2,136,359 | 127,135 | |
Procter & Gamble Co. | 734,082 | 100,980 | |
Sysco Corp. | 369,553 | 27,558 | |
Colgate-Palmolive Co. | 371,007 | 27,195 | |
* | Monster Beverage Corp. | 246,403 | 25,074 |
Hershey Co. | 92,467 | 22,037 | |
Kimberly-Clark Corp. | 145,511 | 18,196 | |
AmerisourceBergen Corp. | 113,027 | 17,583 | |
Clorox Co. | 74,181 | 11,531 | |
Lamb Weston Holdings Inc. | 105,467 | 10,614 | |
McKesson Corp. | 20,395 | 7,134 |
Shares | Market Value• ($000) | ||
Kellogg Co. | 102,667 | 6,770 | |
Church & Dwight Co. Inc. | 79,520 | 6,662 | |
Brown-Forman Corp. Class B | 79,211 | 5,138 | |
* | Boston Beer Co. Inc. Class A | 6,518 | 2,111 |
* | Performance Food Group Co. | 33,594 | 1,901 |
Brown-Forman Corp. Class A | 17,995 | 1,168 | |
* | Freshpet Inc. | 17,788 | 1,106 |
* | Darling Ingredients Inc. | 7,277 | 460 |
* | Olaplex Holdings Inc. | 87,403 | 430 |
* | Pilgrim's Pride Corp. | 17,487 | 409 |
* | Grocery Outlet Holding Corp. | 3,303 | 89 |
569,167 | |||
Energy (1.6%) | |||
EOG Resources Inc. | 311,381 | 35,192 | |
Occidental Petroleum Corp. | 479,324 | 28,069 | |
Hess Corp. | 160,463 | 21,614 | |
* | Enphase Energy Inc. | 95,278 | 20,059 |
Pioneer Natural Resources Co. | 95,348 | 19,109 | |
Cheniere Energy Inc. | 104,265 | 16,405 | |
Devon Energy Corp. | 231,607 | 12,488 | |
Targa Resources Corp. | 165,261 | 12,246 | |
Halliburton Co. | 296,462 | 10,741 | |
Diamondback Energy Inc. | 72,769 | 10,230 | |
Texas Pacific Land Corp. | 4,142 | 7,374 | |
Ovintiv Inc. (XNYS) | 128,367 | 5,490 | |
* | Antero Resources Corp. | 136,859 | 3,586 |
Range Resources Corp. | 113,519 | 3,058 | |
*,1 | Plug Power Inc. | 190,430 | 2,832 |
ONEOK Inc. | 37,504 | 2,455 | |
Coterra Energy Inc. | 93,588 | 2,337 | |
PDC Energy Inc. | 33,883 | 2,274 | |
*,1 | ChargePoint Holdings Inc. | 187,881 | 2,134 |
New Fortress Energy Inc. Class A | 39,665 | 1,309 | |
Enviva Inc. | 22,919 | 998 | |
* | Southwestern Energy Co. | 54,769 | 290 |
220,290 | |||
Financials (3.3%) | |||
Progressive Corp. | 370,692 | 53,202 | |
Marsh & McLennan Cos. Inc. | 322,685 | 52,320 | |
Charles Schwab Corp. | 615,603 | 47,968 | |
Blackstone Inc. | 511,327 | 46,428 | |
Aon plc Class A (XNYS) | 140,878 | 42,834 | |
Moody's Corp. | 110,089 | 31,942 | |
MSCI Inc. Class A | 42,533 | 22,209 | |
Apollo Global Management Inc. | 267,988 | 19,000 | |
Ameriprise Financial Inc. | 49,483 | 16,966 | |
LPL Financial Holdings Inc. | 58,074 | 14,493 | |
FactSet Research Systems Inc. | 27,809 | 11,528 | |
Broadridge Financial Solutions Inc. | 77,358 | 10,890 |
Shares | Market Value• ($000) | ||
MarketAxess Holdings Inc. | 27,146 | 9,269 | |
Ares Management Corp. Class A | 111,222 | 8,968 | |
* | SVB Financial Group | 27,294 | 7,864 |
* | Arch Capital Group Ltd. | 83,528 | 5,847 |
RenaissanceRe Holdings Ltd. | 17,522 | 3,765 | |
1 | Blue Owl Capital Inc. Class A | 301,848 | 3,725 |
Tradeweb Markets Inc. Class A | 49,648 | 3,520 | |
Western Alliance Bancorp | 47,390 | 3,518 | |
Morningstar Inc. | 16,315 | 3,383 | |
Everest Re Group Ltd. | 8,726 | 3,351 | |
Arthur J Gallagher & Co. | 17,017 | 3,188 | |
Erie Indemnity Co. Class A | 13,540 | 3,187 | |
* | Markel Corp. | 2,213 | 2,943 |
* | Ryan Specialty Holdings Inc. | 58,782 | 2,476 |
First Citizens BancShares Inc. Class A | 1,908 | 1,400 | |
Raymond James Financial Inc. | 11,622 | 1,261 | |
Lincoln National Corp. | 25,236 | 800 | |
Brown & Brown Inc. | 13,834 | 776 | |
Rocket Cos. Inc. Class A | 45,401 | 357 | |
Assurant Inc. | 2,481 | 316 | |
Signature Bank | 2,695 | 310 | |
*,1 | Credit Acceptance Corp. | 588 | 261 |
1 | UWM Holdings Corp. | 59,803 | 255 |
*,1 | Upstart Holdings Inc. | 9,588 | 177 |
440,697 | |||
Health Care (11.6%) | |||
UnitedHealth Group Inc. | 620,821 | 295,473 | |
AbbVie Inc. | 1,289,387 | 198,437 | |
Eli Lilly & Co. | 500,332 | 155,713 | |
Merck & Co. Inc. | 772,616 | 82,083 | |
Amgen Inc. | 327,195 | 75,798 | |
Zoetis Inc. | 343,849 | 57,423 | |
* | Intuitive Surgical Inc. | 236,996 | 54,364 |
* | Vertex Pharmaceuticals Inc. | 176,207 | 51,151 |
* | Edwards Lifesciences Corp. | 451,335 | 36,305 |
Stryker Corp. | 137,221 | 36,073 | |
Humana Inc. | 65,187 | 32,269 | |
* | DexCom Inc. | 281,410 | 31,239 |
* | IDEXX Laboratories Inc. | 59,770 | 28,285 |
* | IQVIA Holdings Inc. | 134,954 | 28,134 |
Agilent Technologies Inc. | 193,250 | 27,436 | |
Elevance Health Inc. | 53,314 | 25,040 | |
ResMed Inc. | 105,294 | 22,428 | |
Thermo Fisher Scientific Inc. | 34,765 | 18,834 | |
* | Seagen Inc. | 98,872 | 17,766 |
* | Alnylam Pharmaceuticals Inc. | 89,366 | 17,109 |
West Pharmaceutical Services Inc. | 53,915 | 17,093 |
Shares | Market Value• ($000) | ||
* | Veeva Systems Inc. Class A | 102,033 | 16,903 |
Abbott Laboratories | 164,449 | 16,728 | |
* | Horizon Therapeutics plc | 150,027 | 16,426 |
* | Insulet Corp. | 50,291 | 13,898 |
* | Align Technology Inc. | 42,745 | 13,230 |
Cigna Group | 34,860 | 10,183 | |
* | Avantor Inc. | 412,849 | 10,061 |
* | Molina Healthcare Inc. | 32,311 | 8,896 |
* | Incyte Corp. | 115,451 | 8,887 |
* | Regeneron Pharmaceuticals Inc. | 11,068 | 8,416 |
Bio-Techne Corp. | 113,158 | 8,220 | |
Danaher Corp. | 32,184 | 7,966 | |
* | Charles River Laboratories International Inc. | 34,175 | 7,496 |
* | Sarepta Therapeutics Inc. | 61,253 | 7,481 |
* | Neurocrine Biosciences Inc. | 68,656 | 7,078 |
* | Penumbra Inc. | 26,054 | 6,774 |
* | Novocure Ltd. | 75,533 | 5,814 |
Bruker Corp. | 79,263 | 5,463 | |
* | Repligen Corp. | 28,790 | 5,020 |
* | Masimo Corp. | 26,667 | 4,462 |
* | Exelixis Inc. | 199,767 | 3,412 |
* | Ionis Pharmaceuticals Inc. | 93,395 | 3,353 |
* | DaVita Inc. | 40,368 | 3,321 |
* | Natera Inc. | 67,103 | 3,258 |
* | Catalent Inc. | 42,356 | 2,889 |
* | 10X Genomics Inc. Class A | 59,167 | 2,812 |
* | agilon health Inc. | 130,515 | 2,768 |
HCA Healthcare Inc. | 9,836 | 2,395 | |
Baxter International Inc. | 57,128 | 2,282 | |
* | Guardant Health Inc. | 71,965 | 2,223 |
* | Moderna Inc. | 14,435 | 2,004 |
Chemed Corp. | 3,792 | 1,978 | |
* | Ultragenyx Pharmaceutical Inc. | 36,360 | 1,618 |
* | Tandem Diabetes Care Inc. | 42,578 | 1,527 |
* | Exact Sciences Corp. | 23,745 | 1,480 |
* | Doximity Inc. Class A | 39,066 | 1,314 |
* | Sotera Health Co. | 69,939 | 1,167 |
* | GE Healthcare Inc. | 15,122 | 1,149 |
* | Maravai LifeSciences Holdings Inc. Class A | 77,737 | 1,147 |
* | Certara Inc. | 52,718 | 955 |
* | Syneos Health Inc. | 14,909 | 600 |
*,1 | Novavax Inc. | 54,278 | 503 |
* | ICU Medical Inc. | 2,767 | 472 |
* | Teladoc Health Inc. | 10,237 | 271 |
* | Globus Medical Inc. Class A | 4,523 | 264 |
* | Ginkgo Bioworks Holdings Inc. | 115,714 | 170 |
* | Signify Health Inc. Class A | 2,095 | 60 |
1,543,247 | |||
Industrials (13.6%) | |||
Visa Inc. Class A | 1,200,780 | 264,100 | |
Mastercard Inc. Class A | 620,648 | 220,510 | |
Accenture plc Class A | 462,498 | 122,816 |
Shares | Market Value• ($000) | ||
Union Pacific Corp. | 448,384 | 92,941 | |
United Parcel Service Inc. Class B (XNYS) | 478,470 | 87,316 | |
Deere & Co. | 201,164 | 84,336 | |
Lockheed Martin Corp. | 170,409 | 80,818 | |
Caterpillar Inc. | 330,606 | 79,197 | |
Automatic Data Processing Inc. | 279,796 | 61,505 | |
Illinois Tool Works Inc. | 200,443 | 46,735 | |
Sherwin-Williams Co. | 174,610 | 38,650 | |
Honeywell International Inc. | 144,195 | 27,610 | |
Paychex Inc. | 234,599 | 25,900 | |
Cintas Corp. | 58,813 | 25,788 | |
* | Boeing Co. | 123,972 | 24,987 |
Old Dominion Freight Line Inc. | 72,604 | 24,632 | |
* | Mettler-Toledo International Inc. | 16,059 | 23,024 |
WW Grainger Inc. | 32,787 | 21,916 | |
Verisk Analytics Inc. Class A | 113,121 | 19,356 | |
* | Keysight Technologies Inc. | 120,724 | 19,311 |
* | PayPal Holdings Inc. | 255,379 | 18,796 |
Trane Technologies plc | 97,203 | 17,980 | |
Rockwell Automation Inc. | 56,341 | 16,617 | |
* | Waters Corp. | 43,009 | 13,371 |
PPG Industries Inc. | 91,262 | 12,052 | |
* | Fair Isaac Corp. | 17,662 | 11,964 |
CSX Corp. | 384,405 | 11,721 | |
Emerson Electric Co. | 137,332 | 11,359 | |
* | FleetCor Technologies Inc. | 52,461 | 11,268 |
TransDigm Group Inc. | 14,887 | 11,074 | |
United Rentals Inc. | 23,447 | 10,986 | |
JB Hunt Transport Services Inc. | 53,206 | 9,619 | |
Booz Allen Hamilton Holding Corp. Class A | 96,243 | 9,117 | |
Quanta Services Inc. | 56,234 | 9,076 | |
Equifax Inc. | 44,625 | 9,038 | |
Jack Henry & Associates Inc. | 52,930 | 8,693 | |
Vulcan Materials Co. | 46,873 | 8,480 | |
Toro Co. | 76,227 | 8,419 | |
Carlisle Cos. Inc. | 31,724 | 8,192 | |
* | Axon Enterprise Inc. | 38,062 | 7,624 |
Parker-Hannifin Corp. | 21,085 | 7,419 | |
HEICO Corp. Class A | 54,014 | 7,030 | |
Lincoln Electric Holdings Inc. | 40,730 | 6,840 | |
TransUnion | 102,962 | 6,737 | |
Crown Holdings Inc. | 74,675 | 6,460 | |
Graco Inc. | 84,967 | 5,909 | |
Northrop Grumman Corp. | 12,536 | 5,818 | |
Allegion plc | 51,362 | 5,789 | |
Cognex Corp. | 117,931 | 5,592 | |
* | Paylocity Holding Corp. | 28,778 | 5,543 |
Robert Half International Inc. | 67,492 | 5,441 | |
* | Generac Holdings Inc. | 45,309 | 5,438 |
Sealed Air Corp. | 106,072 | 5,157 | |
Ball Corp. | 89,737 | 5,044 | |
HEICO Corp. | 30,196 | 5,000 | |
American Express Co. | 27,228 | 4,737 |
Shares | Market Value• ($000) | ||
* | Zebra Technologies Corp. Class A | 15,583 | 4,679 |
* | Fiserv Inc. | 39,562 | 4,553 |
* | WEX Inc. | 22,709 | 4,379 |
Advanced Drainage Systems Inc. | 47,350 | 4,201 | |
Landstar System Inc. | 22,921 | 4,144 | |
* | Trex Co. Inc. | 80,513 | 4,117 |
* | TopBuild Corp. | 19,713 | 4,092 |
Graphic Packaging Holding Co. | 170,813 | 4,065 | |
* | WillScot Mobile Mini Holdings Corp. | 78,294 | 4,024 |
Watsco Inc. | 12,719 | 3,876 | |
General Electric Co. | 45,007 | 3,813 | |
Expeditors International of Washington Inc. | 35,825 | 3,746 | |
Genpact Ltd. | 67,892 | 3,240 | |
Eagle Materials Inc. | 21,974 | 3,083 | |
Otis Worldwide Corp. | 36,270 | 3,069 | |
* | WESCO International Inc. | 16,846 | 2,789 |
* | Euronet Worldwide Inc. | 25,389 | 2,764 |
Berry Global Group Inc. | 43,020 | 2,672 | |
Allison Transmission Holdings Inc. | 53,549 | 2,544 | |
Spirit AeroSystems Holdings Inc. Class A | 73,621 | 2,516 | |
* | Shift4 Payments Inc. Class A | 37,626 | 2,427 |
CH Robinson Worldwide Inc. | 22,704 | 2,269 | |
IDEX Corp. | 9,932 | 2,234 | |
Tetra Tech Inc. | 15,973 | 2,187 | |
Nordson Corp. | 9,417 | 2,068 | |
Fortune Brands Innovations Inc. | 32,243 | 1,997 | |
* | FTI Consulting Inc. | 10,517 | 1,932 |
Vontier Corp. | 69,506 | 1,819 | |
Xylem Inc. | 17,690 | 1,816 | |
BWX Technologies Inc. | 25,418 | 1,553 | |
Armstrong World Industries Inc. | 18,607 | 1,467 | |
MSA Safety Inc. | 10,816 | 1,453 | |
Martin Marietta Materials Inc. | 4,026 | 1,449 | |
A O Smith Corp. | 21,378 | 1,403 | |
Huntington Ingalls Industries Inc. | 6,052 | 1,302 | |
Western Union Co. | 89,992 | 1,166 | |
* | Axalta Coating Systems Ltd. | 37,049 | 1,104 |
Howmet Aerospace Inc. | 25,976 | 1,096 | |
Donaldson Co. Inc. | 15,355 | 971 | |
AGCO Corp. | 6,443 | 907 | |
Valmont Industries Inc. | 2,724 | 864 | |
Brunswick Corp. | 9,138 | 799 | |
AECOM | 6,005 | 519 | |
Masco Corp. | 8,568 | 449 | |
* | GXO Logistics Inc. | 8,523 | 422 |
* | Middleby Corp. | 2,676 | 416 |
RPM International Inc. | 4,626 | 410 | |
* | Core & Main Inc. Class A | 17,300 | 403 |
Louisiana-Pacific Corp. | 5,742 | 336 | |
Masterbrand Inc. | 32,243 | 314 | |
* | XPO Inc. | 7,175 | 239 |
Shares | Market Value• ($000) | ||
Ardagh Metal Packaging SA | 34,236 | 165 | |
* | RXO Inc. | 3,999 | 82 |
1,821,252 | |||
Real Estate (1.6%) | |||
American Tower Corp. | 259,907 | 51,464 | |
Crown Castle Inc. | 315,543 | 41,257 | |
Equinix Inc. | 50,890 | 35,026 | |
Public Storage | 90,366 | 27,015 | |
Simon Property Group Inc. | 115,098 | 14,052 | |
* | CBRE Group Inc. Class A | 111,703 | 9,510 |
Iron Mountain Inc. | 156,897 | 8,276 | |
Lamar Advertising Co. Class A | 54,798 | 5,730 | |
Equity LifeStyle Properties Inc. | 79,046 | 5,416 | |
SBA Communications Corp. Class A | 17,661 | 4,580 | |
* | CoStar Group Inc. | 41,384 | 2,924 |
Extra Space Storage Inc. | 11,190 | 1,842 | |
Camden Property Trust | 6,880 | 790 | |
Apartment Income REIT Corp. | 7,528 | 285 | |
* | Zillow Group Inc. Class A | 6,278 | 260 |
* | Zillow Group Inc. Class C | 3,524 | 148 |
* | Opendoor Technologies Inc. | 86,666 | 125 |
208,700 | |||
Technology (43.8%) | |||
Apple Inc. | 10,964,128 | 1,616,222 | |
Microsoft Corp. | 5,458,609 | 1,361,486 | |
NVIDIA Corp. | 1,756,991 | 407,903 | |
* | Alphabet Inc. Class A | 3,814,227 | 343,509 |
* | Alphabet Inc. Class C | 3,390,049 | 306,121 |
Broadcom Inc. | 288,009 | 171,161 | |
* | Adobe Inc. | 338,952 | 109,804 |
QUALCOMM Inc. | 817,425 | 100,977 | |
Intuit Inc. | 201,334 | 81,979 | |
Texas Instruments Inc. | 453,861 | 77,814 | |
* | Advanced Micro Devices Inc. | 929,238 | 73,020 |
Applied Materials Inc. | 626,622 | 72,782 | |
Oracle Corp. | 766,205 | 66,966 | |
* | ServiceNow Inc. | 146,276 | 63,216 |
* | Meta Platforms Inc. Class A | 349,617 | 61,162 |
International Business Machines Corp. | 438,543 | 56,704 | |
Lam Research Corp. | 99,852 | 48,529 | |
* | Synopsys Inc. | 111,334 | 40,499 |
* | Palo Alto Networks Inc. | 214,674 | 40,438 |
KLA Corp. | 103,438 | 39,242 | |
* | Cadence Design Systems Inc. | 199,216 | 38,437 |
* | Snowflake Inc. Class A | 209,617 | 32,361 |
* | Autodesk Inc. | 158,363 | 31,465 |
* | Fortinet Inc. | 469,447 | 27,904 |
* | Workday Inc. Class A | 145,340 | 26,956 |
Microchip Technology Inc. | 330,478 | 26,779 | |
Amphenol Corp. Class A | 321,426 | 24,917 |
Shares | Market Value• ($000) | ||
* | Salesforce Inc. | 149,975 | 24,537 |
CDW Corp. | 98,559 | 19,950 | |
* | Crowdstrike Holdings Inc. Class A | 152,992 | 18,465 |
* | Gartner Inc. | 55,960 | 18,344 |
* | Atlassian Corp Ltd. Class A | 104,329 | 17,144 |
Monolithic Power Systems Inc. | 33,108 | 16,034 | |
* | ON Semiconductor Corp. | 197,054 | 15,254 |
* | Datadog Inc. Class A | 193,137 | 14,779 |
Analog Devices Inc. | 75,360 | 13,826 | |
* | HubSpot Inc. | 33,741 | 13,053 |
* | Cloudflare Inc. Class A | 205,243 | 12,317 |
* | EPAM Systems Inc. | 39,935 | 12,286 |
* | Splunk Inc. | 117,927 | 12,088 |
* | Paycom Software Inc. | 37,124 | 10,731 |
* | Palantir Technologies Inc. Class A | 1,334,627 | 10,464 |
Teradyne Inc. | 102,872 | 10,405 | |
NetApp Inc. | 158,034 | 10,201 | |
* | ANSYS Inc. | 33,567 | 10,191 |
* | MongoDB Inc. Class A | 48,577 | 10,178 |
HP Inc. | 336,691 | 9,939 | |
* | PTC Inc. | 76,957 | 9,645 |
Entegris Inc. | 108,067 | 9,211 | |
* | DocuSign Inc. Class A | 144,119 | 8,842 |
* | DoorDash Inc. Class A | 161,015 | 8,801 |
Micron Technology Inc. | 149,541 | 8,646 | |
* | Lattice Semiconductor Corp. | 98,663 | 8,382 |
* | Tyler Technologies Inc. | 26,062 | 8,372 |
* | VMware Inc. Class A | 75,884 | 8,357 |
* | Zscaler Inc. | 61,347 | 8,046 |
* | Match Group Inc. | 190,601 | 7,895 |
* | Zoom Video Communications Inc. Class A | 92,572 | 6,905 |
* | Dynatrace Inc. | 155,482 | 6,613 |
Jabil Inc. | 77,944 | 6,472 | |
* | Pure Storage Inc. Class A | 203,588 | 5,810 |
Bentley Systems Inc. Class B | 122,445 | 4,954 | |
* | Globant SA | 29,553 | 4,879 |
* | ZoomInfo Technologies Inc. Class A | 200,820 | 4,854 |
Universal Display Corp. | 32,120 | 4,364 | |
* | Aspen Technology Inc. | 19,666 | 4,169 |
* | Smartsheet Inc. Class A | 93,101 | 4,098 |
* | Manhattan Associates Inc. | 28,073 | 4,036 |
*,1 | Unity Software Inc. | 122,713 | 3,735 |
* | Dropbox Inc. Class A | 179,329 | 3,658 |
KBR Inc. | 65,529 | 3,611 | |
* | Toast Inc. Class A | 187,960 | 3,556 |
* | Five9 Inc. | 51,583 | 3,405 |
* | Elastic NV | 56,243 | 3,319 |
* | Twilio Inc. Class A | 48,200 | 3,240 |
* | Alteryx Inc. Class A | 44,679 | 2,918 |
* | Wix.com Ltd. | 31,715 | 2,871 |
* | New Relic Inc. | 38,722 | 2,826 |
Gen Digital Inc. (XNGS) | 143,124 | 2,792 | |
* | Procore Technologies Inc. | 37,715 | 2,527 |
* | Nutanix Inc. Class A | 87,130 | 2,461 |
* | Confluent Inc. Class A | 92,515 | 2,256 |
Shares | Market Value• ($000) | ||
* | Pinterest Inc. Class A | 87,306 | 2,192 |
* | Allegro MicroSystems Inc. | 49,498 | 2,162 |
* | AppLovin Corp. Class A | 155,450 | 2,099 |
* | RingCentral Inc. Class A | 60,517 | 2,000 |
* | Teradata Corp. | 41,642 | 1,697 |
* | SentinelOne Inc. Class A | 99,234 | 1,587 |
Pegasystems Inc. | 31,726 | 1,471 | |
* | VeriSign Inc. | 7,100 | 1,398 |
* | Ceridian HCM Holding Inc. | 18,045 | 1,316 |
* | GoDaddy Inc. Class A | 15,812 | 1,197 |
* | DoubleVerify Holdings Inc. | 45,491 | 1,195 |
Dell Technologies Inc. Class C | 27,550 | 1,120 | |
Corning Inc. | 32,591 | 1,106 | |
* | Okta Inc. | 15,111 | 1,077 |
* | Jamf Holding Corp. | 38,840 | 824 |
National Instruments Corp. | 13,700 | 692 | |
*,1 | GLOBALFOUNDRIES Inc. | 10,537 | 689 |
* | Coherent Corp. | 15,124 | 652 |
* | Black Knight Inc. | 9,727 | 580 |
Vertiv Holdings Co. Class A | 34,375 | 559 | |
* | Thoughtworks Holding Inc. | 60,238 | 443 |
* | CCC Intelligent Solutions Holdings Inc. | 45,417 | 407 |
* | UiPath Inc. Class A | 24,717 | 367 |
* | nCino Inc. | 9,517 | 259 |
* | Arrow Electronics Inc. | 1,702 | 201 |
* | Definitive Healthcare Corp. Class A | 10,849 | 124 |
* | NCR Corp. | 3,387 | 86 |
* | Informatica Inc. Class A | 3,153 | 54 |
5,842,619 | |||
Telecommunications (0.4%) | |||
* | Charter Communications Inc. Class A | 78,058 | 28,695 |
* | Arista Networks Inc. | 178,914 | 24,815 |
Shares | Market Value• ($000) | ||
* | Liberty Broadband Corp. Class C | 40,737 | 3,531 |
Cable One Inc. | 2,501 | 1,727 | |
* | Roku Inc. | 24,611 | 1,592 |
* | Liberty Broadband Corp. Class A | 4,733 | 411 |
Ubiquiti Inc. | 842 | 226 | |
60,997 | |||
Utilities (0.4%) | |||
Waste Management Inc. | 280,651 | 42,030 | |
Vistra Corp. | 165,452 | 3,638 | |
AES Corp. | 85,240 | 2,104 | |
Republic Services Inc. Class A | 9,249 | 1,193 | |
National Fuel Gas Co. | 6,057 | 347 | |
49,312 | |||
Total Common Stocks (Cost $10,925,861) | 13,341,137 | ||
Temporary Cash Investments (0.1%) | |||
Money Market Fund (0.1%) | |||
2,3 | Vanguard Market Liquidity Fund, 4.640% (Cost $13,955) | 139,586 | 13,957 |
Total Investments (100.0%) (Cost $10,939,816) | 13,355,094 | ||
Other Assets and Liabilities—Net (0.0%) | (4,938) | ||
Net Assets (100%) | 13,350,156 | ||
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 $13,657,000. |
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 $13,930,000 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 2023 | 45 | 8,945 | (244) |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $10,925,861) | 13,341,137 |
Affiliated Issuers (Cost $13,955) | 13,957 |
Total Investments in Securities | 13,355,094 |
Investment in Vanguard | 476 |
Cash Collateral Pledged—Futures Contracts | 480 |
Receivables for Accrued Income | 11,487 |
Receivables for Capital Shares Issued | 25,368 |
Total Assets | 13,392,905 |
Liabilities | |
Due to Custodian | 1,491 |
Payables for Investment Securities Purchased | 26,403 |
Collateral for Securities on Loan | 13,930 |
Payables for Capital Shares Redeemed | 524 |
Payables to Vanguard | 373 |
Variation Margin Payable—Futures Contracts | 28 |
Total Liabilities | 42,749 |
Net Assets | 13,350,156 |
1 Includes $13,657,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 11,428,251 |
Total Distributable Earnings (Loss) | 1,921,905 |
Net Assets | 13,350,156 |
ETF Shares—Net Assets | |
Applicable to 175,481,844 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 10,350,955 |
Net Asset Value Per Share—ETF Shares | $58.99 |
Institutional Shares—Net Assets | |
Applicable to 6,610,293 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,999,201 |
Net Asset Value Per Share—Institutional Shares | $453.72 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 61,001 |
Interest2 | 131 |
Securities Lending—Net | 242 |
Total Income | 61,374 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 143 |
Management and Administrative—ETF Shares | 2,925 |
Management and Administrative—Institutional Shares | 865 |
Marketing and Distribution—ETF Shares | 251 |
Marketing and Distribution—Institutional Shares | 40 |
Custodian Fees | 125 |
Shareholders’ Reports—ETF Shares | 130 |
Shareholders’ Reports—Institutional Shares | 3 |
Trustees’ Fees and Expenses | 3 |
Other Expenses | 6 |
Total Expenses | 4,491 |
Net Investment Income | 56,883 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 188,558 |
Futures Contracts | 398 |
Realized Net Gain (Loss) | 188,956 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (232,550) |
Futures Contracts | (51) |
Change in Unrealized Appreciation (Depreciation) | (232,601) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 13,238 |
1 | Dividends are net of foreign withholding taxes of $1,000. |
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 $123,000, ($1,000), less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $208,604,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 56,883 | 81,178 | |
Realized Net Gain (Loss) | 188,956 | 54,479 | |
Change in Unrealized Appreciation (Depreciation) | (232,601) | (2,333,788) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 13,238 | (2,198,131) | |
Distributions | |||
ETF Shares | (42,512) | (52,400) | |
Institutional Shares | (14,229) | (23,165) | |
Total Distributions | (56,741) | (75,565) | |
Capital Share Transactions | |||
ETF Shares | 3,038,408 | 1,452,751 | |
Institutional Shares | 290,338 | (142,339) | |
Net Increase (Decrease) from Capital Share Transactions | 3,328,746 | 1,310,412 | |
Total Increase (Decrease) | 3,285,243 | (963,284) | |
Net Assets | |||
Beginning of Period | 10,064,913 | 11,028,197 | |
End of Period | 13,350,156 | 10,064,913 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 20211 | 20201 | 20191 | 20181 | ||
Net Asset Value, Beginning of Period | $60.05 | $74.77 | $58.66 | $41.14 | $39.89 | $31.77 |
Investment Operations | ||||||
Net Investment Income2 | .280 | .523 | .460 | .475 | .481 | .441 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.043) | (14.754) | 16.099 | 17.530 | 1.177 | 8.096 |
Total from Investment Operations | (.763) | (14.231) | 16.559 | 18.005 | 1.658 | 8.537 |
Distributions | ||||||
Dividends from Net Investment Income | (.297) | (.489) | (.449) | (.485) | (.408) | (.417) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.297) | (.489) | (.449) | (.485) | (.408) | (.417) |
Net Asset Value, End of Period | $58.99 | $60.05 | $74.77 | $58.66 | $41.14 | $39.89 |
Total Return | -1.25% | -19.11% | 28.40% | 44.18% | 4.20% | 27.09% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $10,351 | $7,311 | $7,455 | $4,951 | $2,872 | $2,083 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% | 0.12% |
Ratio of Net Investment Income to Average Net Assets | 0.99% | 0.77% | 0.72% | 1.04% | 1.25% | 1.24% |
Portfolio Turnover Rate3 | 2% | 13% | 14% | 14% | 17% | 15% |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $461.93 | $575.10 | $451.15 | $316.39 | $306.82 | $244.34 |
Investment Operations | ||||||
Net Investment Income1 | 2.179 | 4.036 | 3.573 | 3.695 | 3.711 | 3.485 |
Net Realized and Unrealized Gain (Loss) on Investments | (8.090) | (113.399) | 123.861 | 134.792 | 9.061 | 62.293 |
Total from Investment Operations | (5.911) | (109.363) | 127.434 | 138.487 | 12.772 | 65.778 |
Distributions | ||||||
Dividends from Net Investment Income | (2.299) | (3.807) | (3.484) | (3.727) | (3.202) | (3.298) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.299) | (3.807) | (3.484) | (3.727) | (3.202) | (3.298) |
Net Asset Value, End of Period | $453.72 | $461.93 | $575.10 | $451.15 | $316.39 | $306.82 |
Total Return | -1.26% | -19.09% | 28.42% | 44.24% | 4.21% | 27.14% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,999 | $2,754 | $3,573 | $3,542 | $3,076 | $3,182 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.00% | 0.77% | 0.74% | 1.06% | 1.26% | 1.28% |
Portfolio Turnover Rate2 | 2% | 13% | 14% | 14% | 17% | 15% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | Various inputs may be used to determine the value of the fund’s investments 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, 2023, 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 | 10,963,174 |
Gross Unrealized Appreciation | 2,788,368 |
Gross Unrealized Depreciation | (396,692) |
Net Unrealized Appreciation (Depreciation) | 2,391,676 |
E. | During the six months ended February 28, 2023, the fund purchased $3,939,308,000 of investment securities and sold $611,994,000 of investment securities, other than temporary cash investments. Purchases and sales include $3,391,697,000 and $371,873,000, 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, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 3,410,342 | 60,250 | 2,316,585 | 34,850 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (371,934) | (6,500) | (863,834) | (12,825) | |
Net Increase (Decrease)—ETF Shares | 3,038,408 | 53,750 | 1,452,751 | 22,025 | |
Institutional Shares | |||||
Issued | 504,645 | 1,133 | 370,624 | 724 | |
Issued in Lieu of Cash Distributions | 12,841 | 29 | 21,117 | 40 | |
Redeemed | (227,148) | (515) | (534,080) | (1,014) | |
Net Increase (Decrease)—Institutional Shares | 290,338 | 647 | (142,339) | (250) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
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 | 35 |
Russell 2000 Growth Index Fund | 60 |
• | 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, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Russell 2000 Index Fund | |||
ETF Shares | $1,000.00 | $1,036.90 | $0.51 |
Institutional Shares | 1,000.00 | 1,037.00 | 0.40 |
Russell 2000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,042.20 | $0.76 |
Institutional Shares | 1,000.00 | 1,042.60 | 0.41 |
Russell 2000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,031.10 | $0.76 |
Institutional Shares | 1,000.00 | 1,031.40 | 0.40 |
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 | 4.2% |
Consumer Discretionary | 13.3 |
Consumer Staples | 3.2 |
Energy | 6.8 |
Financials | 16.7 |
Health Care | 15.5 |
Industrials | 17.7 |
Real Estate | 6.5 |
Technology | 10.9 |
Telecommunications | 1.7 |
Utilities | 3.5 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.6%) | |||
Basic Materials (4.2%) | |||
* | RBC Bearings Inc. | 77,310 | 17,767 |
Commercial Metals Co. | 316,356 | 16,371 | |
UFP Industries Inc. | 161,985 | 13,855 | |
Cabot Corp. | 150,697 | 11,985 | |
Balchem Corp. | 86,329 | 11,223 | |
Mueller Industries Inc. | 151,603 | 11,214 | |
Avient Corp. | 246,925 | 10,773 | |
* | Livent Corp. | 439,274 | 10,301 |
Sensient Technologies Corp. | 113,698 | 8,572 | |
* | Ingevity Corp. | 101,656 | 8,393 |
Hecla Mining Co. | 1,500,394 | 7,727 | |
Boise Cascade Co. | 107,085 | 7,401 | |
Innospec Inc. | 67,083 | 7,343 | |
* | Arconic Corp. | 275,381 | 7,281 |
Quaker Chemical Corp. | 36,750 | 7,195 | |
Carpenter Technology Corp. | 129,661 | 6,267 | |
Materion Corp. | 55,329 | 6,179 | |
Stepan Co. | 57,817 | 6,018 | |
* | Constellium SE Class A | 342,331 | 5,474 |
Minerals Technologies Inc. | 87,788 | 5,333 | |
Worthington Industries Inc. | 85,121 | 5,145 | |
Tronox Holdings plc Class A | 317,329 | 4,950 | |
Sylvamo Corp. | 96,232 | 4,747 | |
Orion Engineered Carbons SA | 163,660 | 4,173 | |
Mativ Holdings Inc. | 147,681 | 3,826 | |
* | Novagold Resources Inc. | 647,555 | 3,620 |
Compass Minerals International Inc. | 92,895 | 3,579 | |
*,1 | Uranium Energy Corp. | 955,237 | 3,534 |
Kaiser Aluminum Corp. | 43,000 | 3,411 | |
* | Piedmont Lithium Inc. | 47,057 | 3,054 |
AdvanSix Inc. | 72,500 | 2,983 | |
GrafTech International Ltd. | 524,575 | 2,964 | |
*,1 | Energy Fuels Inc. | 421,768 | 2,830 |
* | LSB Industries Inc. | 200,312 | 2,722 |
* | Perimeter Solutions SA | 317,386 | 2,717 |
* | US Silica Holdings Inc. | 201,076 | 2,441 |
* | Coeur Mining Inc. | 753,852 | 2,352 |
Schnitzer Steel Industries Inc. Class A | 68,742 | 2,247 | |
* | TimkenSteel Corp. | 119,491 | 2,186 |
Shares | Market Value• ($000) | ||
Hawkins Inc. | 52,626 | 2,140 | |
Koppers Holdings Inc. | 55,204 | 1,981 | |
* | Ecovyst Inc. | 195,861 | 1,967 |
Ryerson Holding Corp. | 52,606 | 1,890 | |
Haynes International Inc. | 33,196 | 1,816 | |
* | Clearwater Paper Corp. | 45,495 | 1,756 |
* | Century Aluminum Co. | 141,106 | 1,703 |
American Vanguard Corp. | 76,159 | 1,589 | |
* | Rayonier Advanced Materials Inc. | 167,880 | 1,377 |
Olympic Steel Inc. | 26,159 | 1,373 | |
* | Origin Materials Inc. | 284,644 | 1,366 |
* | Northwest Pipe Co. | 26,716 | 1,029 |
Omega Flex Inc. | 8,826 | 1,027 | |
* | Intrepid Potash Inc. | 30,177 | 956 |
Tredegar Corp. | 73,743 | 857 | |
*,1 | 5e Advanced Materials Inc. | 103,736 | 701 |
*,1 | Amyris Inc. | 536,934 | 671 |
* | Ur-Energy Inc. | 574,289 | 615 |
FutureFuel Corp. | 69,532 | 608 | |
*,1 | Ivanhoe Electric Inc. | 39,706 | 597 |
* | Alto Ingredients Inc. | 195,546 | 571 |
Glatfelter Corp. | 117,195 | 450 | |
* | Unifi Inc. | 38,355 | 397 |
* | Dakota Gold Corp. | 141,037 | 396 |
* | Polymet Mining Corp. | 79,994 | 200 |
*,1 | Hycroft Mining Holding Corp. | 405,954 | 158 |
Valhi Inc. | 6,296 | 149 | |
278,493 | |||
Consumer Discretionary (13.3%) | |||
* | Crocs Inc. | 164,422 | 20,012 |
Texas Roadhouse Inc. Class A | 181,584 | 18,438 | |
* | Light & Wonder Inc. | 255,940 | 16,024 |
Murphy USA Inc. | 56,647 | 14,450 | |
Wingstop Inc. | 81,237 | 13,839 | |
* | Asbury Automotive Group Inc. | 60,023 | 13,631 |
* | Fox Factory Holding Corp. | 114,997 | 13,512 |
* | Visteon Corp. | 75,386 | 12,592 |
Academy Sports & Outdoors Inc. | 210,066 | 12,425 | |
* | Hilton Grand Vacations Inc. | 232,749 | 11,111 |
* | Adient plc | 257,408 | 10,996 |
* | Meritage Homes Corp. | 98,395 | 10,748 |
TEGNA Inc. | 603,382 | 10,499 |
Shares | Market Value• ($000) | ||
* | Taylor Morrison Home Corp. Class A | 283,453 | 10,156 |
* | elf Beauty Inc. | 133,190 | 9,956 |
* | Skyline Champion Corp. | 144,615 | 9,893 |
Foot Locker Inc. | 218,700 | 9,562 | |
Signet Jewelers Ltd. | 124,154 | 8,892 | |
* | Topgolf Callaway Brands Corp. | 379,386 | 8,794 |
* | Goodyear Tire & Rubber Co. | 761,439 | 8,650 |
Group 1 Automotive Inc. | 38,269 | 8,460 | |
* | National Vision Holdings Inc. | 212,736 | 7,948 |
Kontoor Brands Inc. | 150,644 | 7,856 | |
LCI Industries | 67,381 | 7,601 | |
Steven Madden Ltd. | 208,836 | 7,581 | |
Papa John's International Inc. | 88,430 | 7,424 | |
KB Home | 209,500 | 7,389 | |
* | Helen of Troy Ltd. | 64,336 | 7,250 |
International Game Technology plc | 266,380 | 7,075 | |
* | SeaWorld Entertainment Inc. | 107,799 | 6,964 |
* | Cavco Industries Inc. | 24,168 | 6,888 |
* | Sonos Inc. | 346,118 | 6,725 |
* | Dorman Products Inc. | 71,325 | 6,635 |
Cracker Barrel Old Country Store Inc. | 60,051 | 6,543 | |
* | Tri Pointe Homes Inc. | 273,021 | 6,509 |
Rush Enterprises Inc. Class A | 114,388 | 6,484 | |
* | frontdoor Inc. | 224,485 | 6,342 |
Graham Holdings Co. Class B | 9,999 | 6,266 | |
* | Boot Barn Holdings Inc. | 79,896 | 6,188 |
Bloomin' Brands Inc. | 236,920 | 6,184 | |
*,1 | Luminar Technologies Inc. Class A | 682,321 | 6,107 |
Red Rock Resorts Inc. Class A | 137,463 | 6,003 | |
American Eagle Outfitters Inc. | 417,357 | 5,997 | |
Inter Parfums Inc. | 48,621 | 5,854 | |
* | LGI Homes Inc. | 55,534 | 5,793 |
* | Duolingo Inc. | 63,722 | 5,785 |
MDC Holdings Inc. | 154,878 | 5,730 | |
* | Gentherm Inc. | 89,648 | 5,694 |
* | Shake Shack Inc. Class A | 101,539 | 5,665 |
Dana Inc. | 349,550 | 5,537 | |
Spirit Airlines Inc. | 295,326 | 5,410 | |
* | Chegg Inc. | 336,743 | 5,351 |
Strategic Education Inc. | 61,497 | 5,243 | |
John Wiley & Sons Inc. Class A | 116,366 | 5,177 | |
Winnebago Industries Inc. | 80,936 | 5,144 | |
MillerKnoll Inc. | 206,437 | 4,928 | |
1 | Cheesecake Factory Inc. | 131,447 | 4,921 |
* | ODP Corp. | 108,357 | 4,906 |
Oxford Industries Inc. | 40,893 | 4,809 | |
* | Adtalem Global Education Inc. | 121,554 | 4,755 |
* | Sally Beauty Holdings Inc. | 290,559 | 4,675 |
* | Stride Inc. | 110,000 | 4,672 |
* | Urban Outfitters Inc. | 173,337 | 4,671 |
* | Dave & Buster's Entertainment Inc. | 116,309 | 4,655 |
PriceSmart Inc. | 66,657 | 4,647 |
Shares | Market Value• ($000) | ||
Century Communities Inc. | 76,595 | 4,581 | |
Jack in the Box Inc. | 57,398 | 4,500 | |
* | Brinker International Inc. | 117,796 | 4,476 |
* | Sabre Corp. | 883,541 | 4,471 |
* | Everi Holdings Inc. | 233,990 | 4,443 |
* | Allegiant Travel Co. | 42,679 | 4,377 |
Acushnet Holdings Corp. | 90,139 | 4,350 | |
* | Vista Outdoor Inc. | 151,543 | 4,328 |
Laureate Education Inc. | 364,879 | 4,327 | |
* | Madison Square Garden Entertainment Corp. | 70,653 | 4,277 |
Monro Inc. | 84,680 | 4,271 | |
* | Central Garden & Pet Co. Class A | 108,967 | 4,188 |
* | KAR Auction Services Inc. | 292,522 | 4,180 |
* | M/I Homes Inc. | 72,070 | 4,169 |
* | Knowles Corp. | 243,765 | 4,139 |
* | Cinemark Holdings Inc. | 295,929 | 4,028 |
* | ACV Auctions Inc. Class A | 319,138 | 3,906 |
* | XPEL Inc. | 58,396 | 3,901 |
* | Abercrombie & Fitch Co. Class A | 131,781 | 3,876 |
1 | Dillard's Inc. Class A | 10,791 | 3,846 |
La-Z-Boy Inc. | 116,730 | 3,780 | |
Scholastic Corp. | 80,610 | 3,677 | |
Upbound Group Inc. | 135,352 | 3,634 | |
*,1 | Fisker Inc. | 481,080 | 3,574 |
Wolverine World Wide Inc. | 209,193 | 3,504 | |
* | Coursera Inc. | 310,095 | 3,495 |
HNI Corp. | 111,554 | 3,486 | |
* | Cars.com Inc. | 179,643 | 3,449 |
* | Liberty Media Corp.- Liberty Braves Class C | 102,063 | 3,416 |
* | PROG Holdings Inc. | 135,511 | 3,350 |
Buckle Inc. | 81,831 | 3,338 | |
* | Malibu Boats Inc. Class A | 55,163 | 3,297 |
* | Figs Inc. Class A | 344,831 | 3,176 |
* | Lions Gate Entertainment Corp. Class B | 313,728 | 3,122 |
Matthews International Corp. Class A | 80,931 | 3,088 | |
Dine Brands Global Inc. | 39,959 | 3,064 | |
* | Revolve Group Inc. | 110,689 | 2,997 |
* | iRobot Corp. | 72,679 | 2,986 |
* | TravelCenters of America Inc. | 34,173 | 2,883 |
* | PowerSchool Holdings Inc. Class A | 123,428 | 2,833 |
Sonic Automotive Inc. Class A | 48,536 | 2,761 | |
Sturm Ruger & Co. Inc. | 46,584 | 2,714 | |
* | American Axle & Manufacturing Holdings Inc. | 306,299 | 2,695 |
Monarch Casino & Resort Inc. | 36,157 | 2,662 | |
Gray Television Inc. | 221,878 | 2,596 | |
* | SkyWest Inc. | 135,309 | 2,580 |
* | Clean Energy Fuels Corp. | 458,743 | 2,569 |
1 | Krispy Kreme Inc. | 194,614 | 2,532 |
* | Perdoceo Education Corp. | 181,925 | 2,508 |
Caleres Inc. | 95,426 | 2,492 | |
Hibbett Inc. | 34,398 | 2,474 | |
1 | Camping World Holdings Inc. Class A | 105,757 | 2,414 |
* | iHeartMedia Inc. Class A | 326,364 | 2,369 |
* | Imax Corp. | 127,357 | 2,348 |
Shares | Market Value• ($000) | ||
* | QuinStreet Inc. | 137,033 | 2,325 |
* | Sleep Number Corp. | 57,902 | 2,308 |
* | Green Brick Partners Inc. | 73,350 | 2,289 |
* | Overstock.com Inc. | 115,420 | 2,236 |
* | Golden Entertainment Inc. | 54,365 | 2,235 |
Winmark Corp. | 7,608 | 2,222 | |
Standard Motor Products Inc. | 54,627 | 2,129 | |
1 | Ermenegildo Zegna NV | 162,720 | 2,119 |
* | Sweetgreen Inc. Class A | 241,338 | 2,104 |
* | OneSpaWorld Holdings Ltd. | 179,617 | 2,082 |
* | Life Time Group Holdings Inc. | 113,715 | 2,055 |
* | EW Scripps Co. Class A | 159,313 | 2,011 |
* | Qurate Retail Inc. Series A | 950,361 | 2,005 |
* | BJ's Restaurants Inc. | 61,663 | 1,973 |
RCI Hospitality Holdings Inc. | 23,419 | 1,962 | |
Franchise Group Inc. | 70,485 | 1,960 | |
* | G-III Apparel Group Ltd. | 116,448 | 1,935 |
* | MarineMax Inc. | 57,431 | 1,929 |
*,1 | Bally's Corp. | 97,170 | 1,919 |
* | Vizio Holding Corp. Class A | 186,776 | 1,914 |
* | Chico's FAS Inc. | 330,922 | 1,903 |
* | Udemy Inc. | 198,549 | 1,874 |
Steelcase Inc. Class A | 234,856 | 1,848 | |
* | 2U Inc. | 205,742 | 1,843 |
* | AMC Networks Inc. Class A | 81,697 | 1,827 |
* | GoPro Inc. Class A | 351,402 | 1,824 |
* | Corsair Gaming Inc. | 104,086 | 1,822 |
Arko Corp. | 226,534 | 1,817 | |
Ethan Allen Interiors Inc. | 61,356 | 1,813 | |
* | Sun Country Airlines Holdings Inc. | 89,707 | 1,799 |
1 | Guess? Inc. | 84,272 | 1,773 |
Sinclair Broadcast Group Inc. Class A | 108,945 | 1,773 | |
* | Clear Channel Outdoor Holdings Inc. | 1,001,224 | 1,772 |
* | Denny's Corp. | 150,783 | 1,760 |
* | Chuy's Holdings Inc. | 48,613 | 1,738 |
* | Portillo's Inc. Class A | 75,080 | 1,706 |
* | Stoneridge Inc. | 71,545 | 1,703 |
* | Lions Gate Entertainment Corp. Class A | 158,261 | 1,679 |
* | Thryv Holdings Inc. | 69,011 | 1,645 |
* | Master Craft Boat Holdings Inc. | 47,863 | 1,616 |
Ruth's Hospitality Group Inc. | 85,666 | 1,598 | |
* | Genesco Inc. | 34,059 | 1,532 |
* | Hawaiian Holdings Inc. | 136,604 | 1,530 |
Haverty Furniture Cos. Inc. | 39,448 | 1,489 | |
A-Mark Precious Metals Inc. | 49,518 | 1,451 | |
* | Children's Place Inc. | 34,386 | 1,440 |
Movado Group Inc. | 41,585 | 1,440 | |
* | Stagwell Inc. | 208,409 | 1,430 |
* | Boston Omaha Corp. Class A | 59,022 | 1,422 |
* | Viad Corp. | 55,130 | 1,417 |
Shares | Market Value• ($000) | ||
* | Accel Entertainment Inc. Class A | 151,718 | 1,388 |
Interface Inc. Class A | 156,259 | 1,378 | |
* | America's Car-Mart Inc. | 15,886 | 1,350 |
Smith & Wesson Brands Inc. | 123,354 | 1,350 | |
Designer Brands Inc. Class A | 137,363 | 1,345 | |
* | Bowlero Corp. | 80,514 | 1,238 |
Shoe Carnival Inc. | 46,559 | 1,227 | |
* | Xponential Fitness Inc. Class A | 48,205 | 1,224 |
European Wax Center Inc. Class A | 66,044 | 1,219 | |
Carriage Services Inc. Class A | 35,767 | 1,213 | |
* | Instructure Holdings Inc. | 46,870 | 1,208 |
* | Beazer Homes USA Inc. | 79,667 | 1,188 |
* | Frontier Group Holdings Inc. | 100,634 | 1,183 |
Aaron's Co. Inc. | 82,014 | 1,177 | |
* | Gannett Co. Inc. | 388,178 | 1,176 |
* | Integral Ad Science Holding Corp. | 102,984 | 1,125 |
Big Lots Inc. | 77,832 | 1,117 | |
* | Lovesac Co. | 37,875 | 1,090 |
* | Central Garden & Pet Co. | 26,408 | 1,070 |
* | Stitch Fix Inc. Class A | 227,466 | 1,060 |
* | Rover Group Inc. Class A | 252,897 | 1,057 |
Entravision Communications Corp. Class A | 161,005 | 1,056 | |
Alta Equipment Group Inc. | 55,920 | 1,052 | |
1 | Bluegreen Vacations Holding Class A | 31,730 | 1,052 |
Marcus Corp. | 65,108 | 1,048 | |
* | Daily Journal Corp. | 3,290 | 999 |
Global Industrial Co. | 35,465 | 998 | |
* | Zumiez Inc. | 42,726 | 994 |
Rush Enterprises Inc. Class B | 16,157 | 969 | |
* | Hovnanian Enterprises Inc. Class A | 14,093 | 960 |
* | Destination XL Group Inc. | 156,713 | 937 |
Johnson Outdoors Inc. Class A | 14,360 | 931 | |
* | Sportsman's Warehouse Holdings Inc. | 103,398 | 930 |
* | Funko Inc. Class A | 85,925 | 929 |
* | Liberty Media Corp.- Liberty Braves Class A | 27,108 | 928 |
* | Quotient Technology Inc. | 244,476 | 924 |
* | Inspired Entertainment Inc. | 57,342 | 907 |
* | Arlo Technologies Inc. | 233,393 | 887 |
*,1 | Blink Charging Co. | 96,703 | 875 |
* | Full House Resorts Inc. | 89,585 | 867 |
* | Selectquote Inc. | 366,172 | 857 |
* | CarParts.com Inc. | 136,579 | 856 |
* | OneWater Marine Inc. Class A | 30,531 | 849 |
* | Liquidity Services Inc. | 65,831 | 833 |
* | Playstudios Inc. | 213,415 | 794 |
Clarus Corp. | 79,007 | 782 | |
* | Lindblad Expeditions Holdings Inc. | 90,793 | 779 |
Shares | Market Value• ($000) | ||
* | Kura Sushi USA Inc. Class A | 12,407 | 777 |
* | ContextLogic Inc. Class A | 1,589,954 | 774 |
* | Build-A-Bear Workshop Inc. | 36,392 | 762 |
* | Allbirds Inc. Class A | 260,201 | 744 |
* | 1-800-Flowers.com Inc. Class A | 73,141 | 724 |
* | Century Casinos Inc. | 74,562 | 690 |
* | Rush Street Interactive Inc. | 163,915 | 687 |
Kimball International Inc. Class B | 98,341 | 680 | |
*,1 | Dream Finders Homes Inc. Class A | 56,466 | 679 |
* | Motorcar Parts of America Inc. | 51,642 | 676 |
*,1 | Vuzix Corp. | 161,810 | 672 |
* | Universal Technical Institute Inc. | 88,670 | 644 |
* | Noodles & Co. Class A | 109,611 | 640 |
*,1 | Purple Innovation Inc. Class A | 146,822 | 634 |
* | First Watch Restaurant Group Inc. | 41,183 | 629 |
El Pollo Loco Holdings Inc. | 52,285 | 626 | |
* | Citi Trends Inc. | 21,994 | 617 |
* | Snap One Holdings Corp. | 48,162 | 563 |
* | American Public Education Inc. | 50,766 | 560 |
* | Fossil Group Inc. | 127,992 | 554 |
* | Neogames SA | 35,128 | 546 |
* | WW International Inc. | 146,131 | 535 |
* | Eastman Kodak Co. | 154,396 | 534 |
* | Tilly's Inc. Class A | 61,392 | 533 |
* | Sonder Holdings Inc. | 510,236 | 526 |
* | ONE Group Hospitality Inc. | 60,601 | 515 |
1 | Big 5 Sporting Goods Corp. | 57,340 | 506 |
Rocky Brands Inc. | 18,594 | 495 | |
*,1 | Lordstown Motors Corp. Class A | 472,317 | 491 |
* | Wheels Up Experience Inc. | 440,721 | 489 |
* | Tupperware Brands Corp. | 118,994 | 488 |
* | Legacy Housing Corp. | 23,788 | 475 |
* | Cardlytics Inc. | 86,209 | 470 |
*,1 | AMMO Inc. | 240,303 | 469 |
*,1 | Vacasa Inc. | 314,325 | 456 |
* | Tile Shop Holdings Inc. | 83,364 | 455 |
Cato Corp. Class A | 48,869 | 452 | |
* | BARK Inc. | 326,312 | 441 |
*,1 | Rent the Runway Inc. Class A | 128,937 | 440 |
* | Outbrain Inc. | 98,014 | 433 |
Weyco Group Inc. | 16,064 | 426 | |
* | Universal Electronics Inc. | 32,729 | 416 |
* | LL Flooring Holdings Inc. | 77,576 | 392 |
*,1 | Nerdy Inc. | 151,886 | 381 |
Superior Group of Cos. Inc. | 32,613 | 378 | |
* | Container Store Group Inc. | 86,384 | 376 |
*,1 | Reservoir Media Inc. | 55,422 | 375 |
* | Latham Group Inc. | 117,507 | 374 |
Shares | Market Value• ($000) | ||
* | Biglari Holdings Inc. Class B | 2,028 | 365 |
*,1 | Traeger Inc. | 91,722 | 365 |
*,1 | Canoo Inc. | 449,593 | 337 |
* | Turtle Beach Corp. | 41,414 | 335 |
* | RealReal Inc. | 239,583 | 323 |
* | Lands' End Inc. | 41,836 | 318 |
* | Conn's Inc. | 35,417 | 304 |
* | Holley Inc. | 139,128 | 303 |
*,1 | Faraday Future Intelligent Electric Inc. | 555,613 | 296 |
*,1 | Bed Bath & Beyond Inc. | 206,199 | 291 |
Marine Products Corp. | 21,999 | 282 | |
Lifetime Brands Inc. | 34,367 | 272 | |
*,1 | Cenntro Electric Group Ltd. | 487,625 | 264 |
* | Cumulus Media Inc. Class A | 47,263 | 256 |
*,1 | RumbleON Inc. Class B | 27,710 | 252 |
* | ThredUP Inc. Class A | 157,628 | 251 |
* | Solo Brands Inc. Class A | 60,129 | 248 |
*,1 | Focus Universal Inc. | 47,195 | 238 |
* | Gambling.com Group Ltd. | 24,276 | 237 |
* | Duluth Holdings Inc. Class B | 36,352 | 218 |
* | Aterian Inc. | 175,324 | 210 |
*,1 | F45 Training Holdings Inc. | 98,709 | 204 |
*,1 | Mullen Automotive Inc. | 880,561 | 204 |
*,1 | Ondas Holdings Inc. | 95,215 | 179 |
*,1 | Express Inc. | 174,825 | 178 |
* | Landsea Homes Corp. | 26,839 | 175 |
NL Industries Inc. | 22,264 | 162 | |
* | Urban One Inc. | 29,608 | 148 |
* | Urban One Inc. (XNCM) | 21,181 | 145 |
* | Lulu's Fashion Lounge Holdings Inc. | 44,445 | 136 |
JOANN Inc. | 30,223 | 110 | |
* | Torrid Holdings Inc. | 38,693 | 106 |
*,1 | Bird Global Inc. | 446,618 | 90 |
CompX International Inc. | 4,329 | 81 | |
* | Audacy Inc. Class A | 311,190 | 67 |
* | Inspirato Inc. | 54,644 | 56 |
* | aka Brands Holding Corp. | 30,770 | 43 |
*,1 | Owlet Inc. | 42,989 | 16 |
878,754 | |||
Consumer Staples (3.2%) | |||
* | Celsius Holdings Inc. | 150,546 | 13,669 |
* | BellRing Brands Inc. | 357,378 | 11,036 |
Lancaster Colony Corp. | 52,668 | 10,111 | |
* | Simply Good Foods Co. | 240,789 | 9,220 |
* | Hostess Brands Inc. Class A | 361,885 | 8,938 |
* | Sprouts Farmers Market Inc. | 287,174 | 8,698 |
Coca-Cola Consolidated Inc. | 12,743 | 7,096 | |
* | TreeHouse Foods Inc. | 137,946 | 6,730 |
Primo Water Corp. | 427,364 | 6,616 | |
Energizer Holdings Inc. | 180,538 | 6,541 | |
* | United Natural Foods Inc. | 157,651 | 6,421 |
WD-40 Co. | 36,987 | 6,415 | |
Edgewell Personal Care Co. | 139,476 | 5,956 | |
Cal-Maine Foods Inc. | 102,619 | 5,829 | |
J & J Snack Foods Corp. | 41,177 | 5,815 | |
Nu Skin Enterprises Inc. Class A | 133,098 | 5,303 |
Shares | Market Value• ($000) | ||
Vector Group Ltd. | 389,216 | 5,165 | |
* | Herbalife Nutrition Ltd. | 265,149 | 5,131 |
* | Hain Celestial Group Inc. | 243,450 | 4,341 |
Andersons Inc. | 86,735 | 3,958 | |
MGP Ingredients Inc. | 38,111 | 3,866 | |
Ingles Markets Inc. Class A | 38,554 | 3,447 | |
Weis Markets Inc. | 44,523 | 3,403 | |
Universal Corp. | 65,552 | 3,316 | |
Medifast Inc. | 29,409 | 3,298 | |
* | Beauty Health Co. | 257,671 | 3,249 |
* | Chefs' Warehouse Inc. | 92,197 | 3,001 |
* | National Beverage Corp. | 63,798 | 2,976 |
*,1 | Beyond Meat Inc. | 166,414 | 2,969 |
Utz Brands Inc. | 177,861 | 2,917 | |
Fresh Del Monte Produce Inc. | 82,476 | 2,580 | |
SpartanNash Co. | 94,515 | 2,529 | |
1 | B&G Foods Inc. | 192,248 | 2,436 |
John B Sanfilippo & Son Inc. | 24,146 | 2,168 | |
* | SunOpta Inc. | 264,727 | 2,033 |
Tootsie Roll Industries Inc. | 42,330 | 1,864 | |
* | USANA Health Sciences Inc. | 30,599 | 1,860 |
* | Duckhorn Portfolio Inc. | 114,321 | 1,743 |
Calavo Growers Inc. | 47,091 | 1,520 | |
ACCO Brands Corp. | 250,065 | 1,418 | |
* | Sovos Brands Inc. | 104,280 | 1,363 |
* | Vital Farms Inc. | 80,643 | 1,303 |
* | Vita Coco Co. Inc. | 75,170 | 1,271 |
* | Mission Produce Inc. | 108,899 | 1,254 |
* | Benson Hill Inc. | 467,343 | 1,042 |
1 | PetMed Express Inc. | 54,278 | 1,019 |
Turning Point Brands Inc. | 40,490 | 968 | |
* | Seneca Foods Corp. Class A | 13,715 | 762 |
*,1 | Veru Inc. | 174,937 | 692 |
*,1 | GrowGeneration Corp. | 155,121 | 657 |
*,1 | Rite Aid Corp. | 149,446 | 577 |
Village Super Market Inc. Class A | 23,198 | 518 | |
* | Honest Co. Inc. | 178,516 | 498 |
*,1 | Brookfield Realty Capital Corp. | 72,695 | 484 |
Alico Inc. | 16,708 | 430 | |
* | Lifecore Biomedical Inc. | 73,350 | 425 |
* | Nature's Sunshine Products Inc. | 37,098 | 402 |
* | 22nd Century Group Inc. | 434,556 | 393 |
*,1 | HF Foods Group Inc. | 96,976 | 376 |
* | Whole Earth Brands Inc. | 107,718 | 370 |
Natural Grocers by Vitamin Cottage Inc. | 25,275 | 277 | |
*,1 | PLBY Group Inc. | 111,010 | 236 |
* | AppHarvest Inc. | 204,936 | 209 |
*,1 | Tattooed Chef Inc. | 130,374 | 164 |
* | Vintage Wine Estates Inc. | 86,119 | 132 |
*,1 | Local Bounti Corp. | 173,062 | 119 |
*,1 | Boxed Inc. | 153,225 | 94 |
211,617 | |||
Energy (6.8%) | |||
ChampionX Corp. | 542,645 | 16,589 | |
Matador Resources Co. | 305,106 | 16,412 | |
Murphy Oil Corp. | 399,459 | 15,587 | |
Chord Energy Corp. | 112,597 | 15,158 | |
Civitas Resources Inc. | 199,954 | 14,031 |
Shares | Market Value• ($000) | ||
* | Weatherford International plc | 191,492 | 12,757 |
Helmerich & Payne Inc. | 278,724 | 11,729 | |
PBF Energy Inc. Class A | 265,900 | 11,622 | |
* | Denbury Inc. | 135,817 | 11,323 |
* | Valaris Ltd. | 165,048 | 11,099 |
Magnolia Oil & Gas Corp. Class A | 472,983 | 10,335 | |
SM Energy Co. | 328,348 | 9,690 | |
* | Kosmos Energy Ltd. | 1,224,059 | 9,633 |
* | Noble Corp. plc | 228,492 | 9,526 |
* | Shoals Technologies Group Inc. Class A | 374,122 | 9,181 |
* | Peabody Energy Corp. | 319,070 | 8,711 |
California Resources Corp. | 200,663 | 8,468 | |
Patterson-UTI Energy Inc. | 581,832 | 7,971 | |
Arcosa Inc. | 131,158 | 7,948 | |
* | Array Technologies Inc. | 408,720 | 7,659 |
* | CNX Resources Corp. | 483,874 | 7,427 |
Cactus Inc. Class A | 159,600 | 7,334 | |
Alpha Metallurgical Resources Inc. | 41,331 | 6,933 | |
Equitrans Midstream Corp. | 1,113,655 | 6,715 | |
Arch Resources Inc. | 40,192 | 6,324 | |
* | Golar LNG Ltd. | 273,833 | 6,252 |
* | Tidewater Inc. | 126,061 | 6,157 |
Permian resources Corp. Class A | 563,021 | 6,086 | |
Liberty Energy Inc. Class A | 376,766 | 5,746 | |
* | Oceaneering International Inc. | 270,801 | 5,657 |
Northern Oil and Gas Inc. | 178,754 | 5,548 | |
Warrior Met Coal Inc. | 139,394 | 5,335 | |
* | Callon Petroleum Co. | 133,334 | 5,168 |
CONSOL Energy Inc. | 92,989 | 5,089 | |
* | Green Plains Inc. | 146,061 | 5,064 |
* | Expro Group Holdings NV | 210,542 | 4,786 |
Delek US Holdings Inc. | 188,212 | 4,737 | |
World Fuel Services Corp. | 166,176 | 4,562 | |
1 | Sitio Royalties Corp. Class A | 192,491 | 4,525 |
* | NexTier Oilfield Solutions Inc. | 476,323 | 4,349 |
Archrock Inc. | 366,069 | 4,052 | |
*,1 | Borr Drilling Ltd. | 545,447 | 3,944 |
* | NOW Inc. | 299,153 | 3,844 |
* | Ameresco Inc. Class A | 86,320 | 3,794 |
* | Nabors Industries Ltd. (XNYS) | 24,616 | 3,700 |
*,1 | FuelCell Energy Inc. | 1,107,256 | 3,698 |
* | Par Pacific Holdings Inc. | 132,220 | 3,673 |
*,1 | SunPower Corp. | 221,534 | 3,327 |
* | Diamond Offshore Drilling Inc. | 273,654 | 3,251 |
* | Helix Energy Solutions Group Inc. | 387,950 | 3,212 |
* | Talos Energy Inc. | 179,587 | 3,198 |
* | Stem Inc. | 390,243 | 3,184 |
* | Dril-Quip Inc. | 90,576 | 3,102 |
Comstock Resources Inc. | 247,736 | 3,007 | |
CVR Energy Inc. | 80,111 | 2,542 | |
* | MRC Global Inc. | 225,067 | 2,521 |
* | Vital Energy Inc. | 44,838 | 2,304 |
Ranger Oil Corp. Class A | 51,959 | 2,156 | |
SunCoke Energy Inc. | 225,300 | 2,143 |
Shares | Market Value• ($000) | ||
* | ProPetro Holding Corp. | 237,277 | 2,090 |
*,1 | Tellurian Inc. | 1,380,155 | 2,056 |
* | Gulfport Energy Corp. | 29,800 | 1,970 |
Berry Corp. | 206,339 | 1,946 | |
*,1 | Fluence Energy Inc. | 97,737 | 1,825 |
RPC Inc. | 202,011 | 1,772 | |
* | Bristow Group Inc. | 63,669 | 1,734 |
*,1 | Montauk Renewables Inc. | 174,829 | 1,724 |
*,1 | Earthstone Energy Inc. Class A | 118,508 | 1,653 |
* | Oil States International Inc. | 170,009 | 1,552 |
* | W&T Offshore Inc. | 254,869 | 1,430 |
Select Energy Services Inc. Class A | 192,505 | 1,428 | |
* | REX American Resources Corp. | 43,186 | 1,426 |
* | DMC Global Inc. | 51,206 | 1,371 |
VAALCO Energy Inc. | 286,988 | 1,346 | |
1 | Kinetik Holdings Inc. Class A | 44,592 | 1,327 |
* | Centrus Energy Corp. Class A | 28,760 | 1,289 |
* | SandRidge Energy Inc. | 86,411 | 1,261 |
1 | Crescent Energy Inc. Class A | 105,701 | 1,220 |
*,1 | ProFrac Holding Corp. Class A | 63,127 | 1,208 |
* | TETRA Technologies Inc. | 338,749 | 1,206 |
*,1 | Solid Power Inc. | 356,726 | 1,206 |
* | TPI Composites Inc. | 99,621 | 1,152 |
*,1 | EVgo Inc. | 185,027 | 1,097 |
* | Newpark Resources Inc. | 234,673 | 1,040 |
* | Gevo Inc. | 530,394 | 981 |
1 | Riley Exploration Permian Inc. | 28,653 | 877 |
* | Amplify Energy Corp. | 97,290 | 815 |
* | SilverBow Resources Inc. | 31,759 | 782 |
Solaris Oilfield Infrastructure Inc. Class A | 86,947 | 776 | |
* | Energy Vault Holdings Inc. | 224,278 | 749 |
* | NextDecade Corp. | 99,106 | 700 |
* | National Energy Services Reunited Corp. | 103,248 | 667 |
Ramaco Resources Inc. | 60,613 | 603 | |
*,1 | Ring Energy Inc. | 256,584 | 539 |
1 | HighPeak Energy Inc. | 18,631 | 498 |
NACCO Industries Inc. Class A | 10,885 | 407 | |
*,1 | ESS Tech Inc. | 216,952 | 395 |
*,1 | FTC Solar Inc. | 114,689 | 352 |
* | Empire Petroleum Corp. | 26,999 | 351 |
*,1 | Aemetis Inc. | 79,613 | 284 |
* | Volta Inc. | 325,264 | 279 |
* | NEXTracker Inc. Class A | 6,102 | 186 |
* | Heliogen Inc. | 241,881 | 75 |
* | Battalion Oil Corp. | 6,531 | 59 |
447,579 | |||
Financials (16.6%) | |||
Kinsale Capital Group Inc. | 58,662 | 18,696 | |
Selective Insurance Group Inc. | 161,651 | 16,412 | |
SouthState Corp. | 203,169 | 16,392 | |
RLI Corp. | 105,676 | 14,574 | |
United Bankshares Inc. | 353,558 | 14,415 | |
Glacier Bancorp Inc. | 301,443 | 14,282 |
Shares | Market Value• ($000) | ||
Old National Bancorp | 794,352 | 14,036 | |
Valley National Bancorp | 1,168,287 | 13,529 | |
Cadence Bank | 491,631 | 13,058 | |
Houlihan Lokey Inc. Class A | 135,510 | 12,968 | |
First Financial Bankshares Inc. | 352,453 | 12,928 | |
Home BancShares Inc. | 509,173 | 12,271 | |
Essent Group Ltd. | 285,515 | 12,263 | |
Hancock Whitney Corp. | 233,540 | 11,471 | |
UMB Financial Corp. | 119,339 | 10,819 | |
ServisFirst Bancshares Inc. | 136,039 | 10,060 | |
Independent Bank Corp. (XNGS) | 124,134 | 9,891 | |
Blackstone Mortgage Trust Inc. Class A | 461,695 | 9,774 | |
United Community Banks Inc. | 288,340 | 9,547 | |
Associated Banc-Corp. | 404,521 | 9,365 | |
Jackson Financial Inc. Class A | 202,688 | 9,198 | |
Radian Group Inc. | 426,922 | 9,115 | |
Federated Hermes Inc. | 231,153 | 9,096 | |
FirstCash Holdings Inc. | 102,060 | 9,007 | |
* | Texas Capital Bancshares Inc. | 135,554 | 8,978 |
Community Bank System Inc. | 144,820 | 8,841 | |
* | Mr Cooper Group Inc. | 187,905 | 8,724 |
CVB Financial Corp. | 361,041 | 8,640 | |
First Interstate BancSystem Inc. Class A | 242,282 | 8,611 | |
Ameris Bancorp | 179,251 | 8,581 | |
Cathay General Bancorp | 195,189 | 8,378 | |
* | Genworth Financial Inc. Class A | 1,340,836 | 8,353 |
WSFS Financial Corp. | 166,244 | 8,297 | |
Pacific Premier Bancorp Inc. | 253,829 | 8,229 | |
* | Focus Financial Partners Inc. Class A | 157,265 | 8,156 |
American Equity Investment Life Holding Co. | 191,823 | 7,989 | |
CNO Financial Group Inc. | 307,572 | 7,880 | |
Atlantic Union Bankshares Corp. | 203,066 | 7,607 | |
Hamilton Lane Inc. Class A | 97,502 | 7,586 | |
Fulton Financial Corp. | 439,530 | 7,560 | |
BankUnited Inc. | 211,194 | 7,480 | |
* | Enstar Group Ltd. | 30,439 | 7,443 |
Moelis & Co. Class A | 172,887 | 7,405 | |
* | Axos Financial Inc. | 155,136 | 7,352 |
Simmons First National Corp. Class A | 329,257 | 7,319 | |
Walker & Dunlop Inc. | 83,120 | 7,251 | |
First BanCorp (XNYS) | 493,936 | 7,167 | |
Piper Sandler Cos. | 47,132 | 7,116 | |
International Bancshares Corp. | 145,313 | 7,052 | |
Arbor Realty Trust Inc. | 447,629 | 6,750 | |
Eastern Bankshares Inc. | 423,130 | 6,635 | |
First Merchants Corp. | 155,257 | 6,353 | |
*,1 | Trupanion Inc. | 105,581 | 6,269 |
First Financial Bancorp | 252,770 | 6,228 |
Shares | Market Value• ($000) | ||
Washington Federal Inc. | 175,779 | 6,165 | |
Seacoast Banking Corp. of Florida | 195,294 | 5,958 | |
Banner Corp. | 92,758 | 5,842 | |
Independent Bank Group Inc. | 96,920 | 5,705 | |
WesBanco Inc. | 155,475 | 5,620 | |
Towne Bank | 182,355 | 5,531 | |
Heartland Financial USA Inc. | 111,265 | 5,501 | |
Artisan Partners Asset Management Inc. Class A | 162,679 | 5,364 | |
Renasant Corp. | 148,185 | 5,332 | |
Navient Corp. | 288,346 | 5,205 | |
Enterprise Financial Services Corp. | 95,531 | 5,203 | |
* | NMI Holdings Inc. Class A | 222,391 | 5,191 |
* | Bancorp Inc. | 147,866 | 5,115 |
PJT Partners Inc. Class A | 63,934 | 5,043 | |
Cohen & Steers Inc. | 68,824 | 4,980 | |
Park National Corp. | 38,876 | 4,967 | |
Bank of NT Butterfield & Son Ltd. | 134,954 | 4,879 | |
Trustmark Corp. | 165,903 | 4,878 | |
BancFirst Corp. | 53,316 | 4,812 | |
Lakeland Financial Corp. | 66,555 | 4,767 | |
* | BRP Group Inc. Class A | 164,914 | 4,740 |
* | StoneX Group Inc. | 46,604 | 4,699 |
Provident Financial Services Inc. | 198,213 | 4,628 | |
NBT Bancorp Inc. | 113,375 | 4,602 | |
Northwest Bancshares Inc. | 329,859 | 4,559 | |
Stock Yards Bancorp Inc. | 77,661 | 4,545 | |
Hilltop Holdings Inc. | 135,304 | 4,488 | |
* | PRA Group Inc. | 104,468 | 4,446 |
PennyMac Financial Services Inc. | 72,448 | 4,381 | |
Apollo Commercial Real Estate Finance Inc. | 381,179 | 4,380 | |
TriCo Bancshares | 84,483 | 4,267 | |
* | Cannae Holdings Inc. | 188,386 | 4,254 |
StepStone Group Inc. Class A | 147,430 | 4,216 | |
BGC Partners Inc. Class A | 853,746 | 4,149 | |
Horace Mann Educators Corp. | 111,589 | 4,124 | |
Chimera Investment Corp. | 629,689 | 4,087 | |
* | Enova International Inc. | 83,352 | 4,063 |
First Commonwealth Financial Corp. | 253,572 | 4,060 | |
Hope Bancorp Inc. | 314,114 | 4,024 | |
First Bancorp (XNGS) | 95,837 | 3,976 | |
Pathward Financial Inc. | 77,892 | 3,973 | |
Virtus Investment Partners Inc. | 18,850 | 3,967 | |
S&T Bancorp Inc. | 105,801 | 3,942 | |
* | Palomar Holdings Inc. | 65,671 | 3,940 |
City Holding Co. | 39,895 | 3,918 | |
Sandy Spring Bancorp Inc. | 118,389 | 3,901 | |
Westamerica BanCorp | 70,683 | 3,896 | |
Two Harbors Investment Corp. | 234,228 | 3,881 | |
* | Triumph Financial Inc. | 63,468 | 3,862 |
OFG Bancorp | 126,331 | 3,843 | |
Veritex Holdings Inc. | 142,371 | 3,796 |
Shares | Market Value• ($000) | ||
Eagle Bancorp Inc. | 85,947 | 3,765 | |
OceanFirst Financial Corp. | 157,114 | 3,727 | |
Nelnet Inc. Class A | 39,524 | 3,710 | |
* | Avantax Inc. | 128,891 | 3,685 |
Compass Diversified Holdings | 168,243 | 3,663 | |
FB Financial Corp. | 96,745 | 3,646 | |
Stellar Bancorp Inc. | 121,092 | 3,542 | |
Federal Agricultural Mortgage Corp. Class C | 24,615 | 3,492 | |
Ladder Capital Corp. Class A | 308,282 | 3,484 | |
Claros Mortgage Trust Inc. | 249,419 | 3,477 | |
Berkshire Hills Bancorp Inc. | 117,652 | 3,419 | |
First Busey Corp. | 139,773 | 3,374 | |
Employers Holdings Inc. | 73,585 | 3,268 | |
Lakeland Bancorp Inc. | 169,028 | 3,254 | |
* | Encore Capital Group Inc. | 62,785 | 3,245 |
National Bank Holdings Corp. Class A | 79,150 | 3,205 | |
Southside Bancshares Inc. | 82,817 | 3,163 | |
Franklin BSP Realty Trust Inc. REIT | 225,344 | 3,157 | |
PennyMac Mortgage Investment Trust | 241,766 | 3,150 | |
Safety Insurance Group Inc. | 38,650 | 3,119 | |
Stewart Information Services Corp. | 72,699 | 3,089 | |
Live Oak Bancshares Inc. | 88,520 | 3,059 | |
Brookline Bancorp Inc. | 230,544 | 2,988 | |
MFA Financial Inc. REIT | 278,802 | 2,986 | |
Capitol Federal Financial Inc. | 352,423 | 2,957 | |
German American Bancorp Inc. | 75,085 | 2,951 | |
ProAssurance Corp. | 146,191 | 2,908 | |
AMERISAFE Inc. | 51,822 | 2,826 | |
1 | Cowen Inc. Class A | 72,479 | 2,826 |
Tompkins Financial Corp. | 37,525 | 2,806 | |
* | MoneyGram International Inc. | 255,109 | 2,768 |
Dime Community Bancshares Inc. | 88,229 | 2,703 | |
New York Mortgage Trust Inc. | 1,011,036 | 2,699 | |
*,1 | Riot Platforms Inc. | 429,990 | 2,687 |
* | LendingClub Corp. | 282,128 | 2,652 |
Heritage Financial Corp. | 93,739 | 2,612 | |
* | Customers Bancorp Inc. | 82,812 | 2,551 |
Preferred Bank | 36,120 | 2,543 | |
Banc of California Inc. | 142,896 | 2,508 | |
Argo Group International Holdings Ltd. | 85,869 | 2,494 | |
Mercury General Corp. | 73,016 | 2,486 | |
* | Nicolet Bankshares Inc. | 33,212 | 2,473 |
ConnectOne Bancorp Inc. | 100,751 | 2,443 | |
* | Goosehead Insurance Inc. Class A | 51,821 | 2,417 |
James River Group Holdings Ltd. | 99,732 | 2,404 | |
Premier Financial Corp. | 95,855 | 2,379 | |
Peoples Bancorp Inc. | 75,389 | 2,345 | |
Redwood Trust Inc. | 305,535 | 2,325 | |
Origin Bancorp Inc. | 60,762 | 2,303 | |
QCR Holdings Inc. | 42,747 | 2,287 |
Shares | Market Value• ($000) | ||
KKR Real Estate Finance Trust Inc. | 154,801 | 2,245 | |
*,1 | Marathon Digital Holdings Inc. | 316,035 | 2,244 |
1 | B Riley Financial Inc. | 56,171 | 2,234 |
WisdomTree Inc. | 369,094 | 2,203 | |
Univest Financial Corp. | 77,946 | 2,198 | |
Brightsphere Investment Group Inc. | 87,449 | 2,192 | |
1st Source Corp. | 43,819 | 2,183 | |
Ready Capital Corp. | 193,586 | 2,180 | |
Amerant Bancorp Inc. | 75,461 | 2,143 | |
First Foundation Inc. | 138,109 | 2,081 | |
*,1 | Lemonade Inc. | 127,083 | 2,071 |
* | Open Lending Corp. Class A | 286,273 | 2,027 |
Ellington Financial Inc. | 155,354 | 1,999 | |
* | Ambac Financial Group Inc. | 119,688 | 1,981 |
Enact Holdings Inc. | 81,340 | 1,972 | |
Hanmi Financial Corp. | 82,491 | 1,948 | |
Washington Trust Bancorp Inc. | 46,341 | 1,946 | |
* | Columbia Financial Inc. | 91,938 | 1,940 |
ARMOUR Residential REIT Inc. | 355,292 | 1,929 | |
Heritage Commerce Corp. | 158,608 | 1,921 | |
Old Second Bancorp Inc. | 115,210 | 1,910 | |
TrustCo Bank Corp. NY | 50,649 | 1,897 | |
Brightspire Capital Inc. Class A | 254,752 | 1,883 | |
CBL & Associates Properties Inc. | 72,392 | 1,850 | |
* | Assetmark Financial Holdings Inc. | 58,401 | 1,828 |
Community Trust Bancorp Inc. | 42,586 | 1,821 | |
* | Oscar Health Inc. Class A | 327,528 | 1,814 |
Broadmark Realty Capital Inc. | 353,040 | 1,800 | |
* | MBIA Inc. | 130,201 | 1,795 |
First Bancorp Inc. (XNMS) | 56,899 | 1,781 | |
* | SiriusPoint Ltd. | 248,923 | 1,767 |
Peapack-Gladstone Financial Corp. | 46,352 | 1,722 | |
* | CrossFirst Bankshares Inc. | 121,312 | 1,717 |
1 | Bank First Corp. | 21,027 | 1,714 |
Northfield Bancorp Inc. | 116,051 | 1,707 | |
National Western Life Group Inc. Class A | 6,176 | 1,666 | |
Horizon Bancorp Inc. | 108,642 | 1,654 | |
United Fire Group Inc. | 57,667 | 1,646 | |
Byline Bancorp Inc. | 66,751 | 1,645 | |
Dynex Capital Inc. | 123,880 | 1,639 | |
Central Pacific Financial Corp. | 72,707 | 1,631 | |
HarborOne Bancorp Inc. | 118,875 | 1,625 | |
Kearny Financial Corp. | 161,757 | 1,624 | |
Camden National Corp. | 38,906 | 1,601 | |
TPG RE Finance Trust Inc. | 186,786 | 1,586 | |
* | Metropolitan Bank Holding Corp. | 27,944 | 1,560 |
First Mid Bancshares Inc. | 50,171 | 1,555 | |
Victory Capital Holdings Inc. Class A | 44,654 | 1,516 | |
Flushing Financial Corp. | 77,287 | 1,504 |
Shares | Market Value• ($000) | ||
Midland States Bancorp Inc. | 57,391 | 1,494 | |
Cambridge Bancorp | 18,602 | 1,479 | |
Great Southern Bancorp Inc. | 25,315 | 1,473 | |
Mercantile Bank Corp. | 41,712 | 1,443 | |
iStar Inc. | 187,194 | 1,441 | |
1 | Brookfield Business Corp. Class A | 70,672 | 1,371 |
Banco Latinoamericano de Comercio Exterior SA Class E | 74,855 | 1,370 | |
Diamond Hill Investment Group Inc. | 7,764 | 1,356 | |
Farmers National Banc Corp. | 94,700 | 1,349 | |
Universal Insurance Holdings Inc. | 69,410 | 1,342 | |
First Community Bankshares Inc. | 42,898 | 1,339 | |
First Financial Corp. | 30,203 | 1,327 | |
Business First Bancshares Inc. | 63,544 | 1,324 | |
Capital City Bank Group Inc. | 36,610 | 1,306 | |
* | Coastal Financial Corp. | 28,281 | 1,305 |
CNB Financial Corp. | 54,480 | 1,299 | |
Merchants Bancorp | 42,411 | 1,283 | |
Equity Bancshares Inc. Class A | 41,036 | 1,234 | |
HomeStreet Inc. | 48,848 | 1,232 | |
Bank of Marin Bancorp | 42,398 | 1,230 | |
Invesco Mortgage Capital REIT | 96,128 | 1,204 | |
Independent Bank Corp. | 54,478 | 1,201 | |
* | EZCorp. Inc. Class A | 135,987 | 1,199 |
Mid Penn Bancorp Inc. | 38,983 | 1,193 | |
Bar Harbor Bankshares | 39,858 | 1,191 | |
*,1 | Silvergate Capital Corp. Class A | 85,057 | 1,183 |
Arrow Financial Corp. | 38,507 | 1,174 | |
SmartFinancial Inc. | 42,323 | 1,155 | |
MidWestOne Financial Group Inc. | 38,149 | 1,146 | |
* | Carter Bankshares Inc. | 64,949 | 1,128 |
HomeTrust Bancshares Inc. | 38,466 | 1,126 | |
Hingham Institution for Savings | 3,947 | 1,124 | |
Amalgamated Financial Corp. | 47,597 | 1,121 | |
Tiptree Inc. | 67,189 | 1,082 | |
Republic Bancorp Inc. Class A | 23,471 | 1,044 | |
1 | Orchid Island Capital Inc. | 90,765 | 1,031 |
Metrocity Bankshares Inc. | 50,853 | 1,026 | |
Financial Institutions Inc. | 40,714 | 1,016 | |
First of Long Island Corp. | 59,215 | 1,008 | |
Perella Weinberg Partners Class A | 99,304 | 1,004 | |
Southern Missouri Bancorp Inc. | 21,413 | 991 | |
*,1 | World Acceptance Corp. | 10,493 | 980 |
American National Bankshares Inc. | 28,300 | 952 | |
Oppenheimer Holdings Inc. Class A | 21,549 | 950 |
Shares | Market Value• ($000) | ||
Capstar Financial Holdings Inc. | 54,748 | 947 | |
* | LendingTree Inc. | 28,365 | 934 |
Peoples Financial Services Corp. | 18,801 | 932 | |
Five Star Bancorp | 34,012 | 929 | |
West BanCorp. Inc. | 43,770 | ��� 922 | |
Citizens & Northern Corp. | 40,663 | 915 | |
1 | GCM Grosvenor Inc. Class A | 110,634 | 911 |
Enterprise Bancorp Inc. | 25,157 | 890 | |
Civista Bancshares Inc. | 41,512 | 885 | |
1 | HCI Group Inc. | 16,837 | 884 |
Farmers & Merchants Bancorp Inc. | 34,078 | 883 | |
Esquire Financial Holdings Inc. | 18,717 | 861 | |
* | Blue Foundry Bancorp | 70,069 | 858 |
Granite Point Mortgage Trust Inc. | 140,456 | 841 | |
ACNB Corp. | 22,632 | 838 | |
Waterstone Financial Inc. | 51,659 | 832 | |
1 | John Marshall Bancorp Inc. | 31,163 | 829 |
* | Southern First Bancshares Inc. | 20,513 | 826 |
Shore Bancshares Inc. | 48,062 | 820 | |
Alerus Financial Corp. | 40,797 | 816 | |
*,1 | Hippo Holdings Inc. | 46,912 | 807 |
* | Bridgewater Bancshares Inc. | 54,651 | 804 |
Northeast Bank | 17,797 | 784 | |
RBB Bancorp | 39,449 | 780 | |
Macatawa Bank Corp. | 71,446 | 779 | |
Home Bancorp Inc. | 19,639 | 777 | |
Summit Financial Group Inc. | 30,198 | 769 | |
First Business Financial Services Inc. | 21,686 | 768 | |
First Bancorp Inc. (XNGS) | 26,109 | 764 | |
MVB Financial Corp. | 27,591 | 753 | |
Sierra Bancorp | 37,247 | 753 | |
Primis Financial Corp. | 59,893 | 701 | |
South Plains Financial Inc. | 26,341 | 692 | |
AFC Gamma Inc. | 44,136 | 684 | |
Guaranty Bancshares Inc. | 21,863 | 682 | |
BCB Bancorp Inc. | 39,161 | 679 | |
BayCom Corp. | 32,904 | 676 | |
Regional Management Corp. | 21,001 | 662 | |
* | Greenlight Capital Re Ltd. Class A | 70,141 | 644 |
Donegal Group Inc. Class A | 41,629 | 640 | |
* | Third Coast Bancshares Inc. | 34,686 | 640 |
First Internet Bancorp | 23,326 | 630 | |
Orrstown Financial Services Inc. | 27,388 | 630 | |
Sculptor Capital Management Inc. Class A | 69,471 | 623 | |
HBT Financial Inc. | 27,284 | 620 | |
Red River Bancshares Inc. | 11,671 | 591 | |
Investors Title Co. | 3,531 | 577 | |
Blue Ridge Bankshares Inc. | 46,720 | 572 | |
Parke Bancorp Inc. | 27,776 | 567 |
Shares | Market Value• ($000) | ||
PCB Bancorp | 31,006 | 566 | |
Colony Bankcorp Inc. | 45,004 | 566 | |
First Bank | 41,403 | 564 | |
* | First Western Financial Inc. | 21,680 | 561 |
* | FVCBankcorp Inc. | 41,019 | 556 |
Greene County Bancorp Inc. | 9,149 | 515 | |
Unity Bancorp Inc. | 19,374 | 512 | |
* | eHealth Inc. | 67,476 | 497 |
Capital Bancorp Inc. | 24,038 | 488 | |
Luther Burbank Corp. | 39,719 | 462 | |
* | Oportun Financial Corp. | 76,423 | 462 |
Silvercrest Asset Management Group Inc. Class A | 25,793 | 459 | |
Bankwell Financial Group Inc. | 15,036 | 454 | |
Nexpoint Real Estate Finance Inc. | 21,591 | 390 | |
* | Trean Insurance Group Inc. | 61,367 | 374 |
* | USCB Financial Holdings Inc. | 29,260 | 372 |
Provident Bancorp Inc. | 38,535 | 353 | |
* | Pioneer Bancorp Inc. | 30,995 | 351 |
1 | First Guaranty Bancshares Inc. | 16,386 | 336 |
* | NI Holdings Inc. | 22,849 | 316 |
* | Republic First Bancorp Inc. | 148,835 | 298 |
* | Sterling Bancorp Inc. | 46,878 | 291 |
* | Consumer Portfolio Services Inc. | 25,250 | 279 |
1 | Angel Oak Mortgage Inc. | 31,609 | 238 |
*,1 | Bakkt Holdings Inc. | 158,089 | 231 |
Crawford & Co. Class A | 41,346 | 228 | |
* | Velocity Financial LLC | 22,920 | 221 |
* | Doma Holdings Inc. | 373,248 | 213 |
Chicago Atlantic Real Estate Finance Inc. | 14,459 | 212 | |
*,1 | SWK Holdings Corp. | 9,289 | 174 |
1 | Curo Group Holdings Corp. | 57,494 | 168 |
Associated Capital Group Inc. Class A | 4,462 | 161 | |
* | Rigetti Computing Inc. | 210,130 | 158 |
* | Finance of America Cos. Inc. Class A | 103,514 | 151 |
Value Line Inc. | 2,400 | 121 | |
*,1 | Root Inc. Class A | 21,113 | 106 |
* | MarketWise Inc. | 44,205 | 87 |
Skyward Specialty Insurance Group Inc. | 4,476 | 87 | |
* | Sunlight Financial Holdings Inc. | 63,128 | 83 |
* | OppFi Inc. | 35,288 | 74 |
Home Point Capital Inc. | 21,682 | 34 | |
1,101,773 | |||
Health Care (15.4%) | |||
* | Inspire Medical Systems Inc. | 76,497 | 19,884 |
* | Shockwave Medical Inc. | 96,484 | 18,355 |
* | Halozyme Therapeutics Inc. | 360,841 | 17,317 |
* | Apellis Pharmaceuticals Inc. | 254,227 | 16,647 |
* | Karuna Therapeutics Inc. | 81,927 | 16,338 |
Shares | Market Value• ($000) | ||
* | HealthEquity Inc. | 224,961 | 14,661 |
* | Lantheus Holdings Inc. | 185,193 | 13,697 |
* | Medpace Holdings Inc. | 68,757 | 13,331 |
Ensign Group Inc. | 145,922 | 13,057 | |
* | Option Care Health Inc. | 423,615 | 12,992 |
* | Intra-Cellular Therapies Inc. | 248,449 | 12,181 |
* | Alkermes plc | 442,122 | 11,822 |
* | Prometheus Biosciences Inc. | 94,288 | 11,540 |
* | Haemonetics Corp. | 137,530 | 10,696 |
* | Merit Medical Systems Inc. | 151,338 | 10,681 |
* | Neogen Corp. | 588,381 | 10,408 |
* | Amicus Therapeutics Inc. | 747,892 | 9,865 |
* | Cytokinetics Inc. | 222,656 | 9,654 |
* | iRhythm Technologies Inc. | 81,778 | 9,624 |
* | Madrigal Pharmaceuticals Inc. | 34,505 | 9,351 |
* | Intellia Therapeutics Inc. | 230,075 | 9,242 |
* | Arrowhead Pharmaceuticals Inc. | 279,289 | 9,021 |
* | PTC Therapeutics Inc. | 190,524 | 8,320 |
* | Prestige Consumer Healthcare Inc. | 135,048 | 8,137 |
* | Denali Therapeutics Inc. | 294,656 | 8,000 |
* | Axonics Inc. | 132,904 | 7,986 |
* | Vaxcyte Inc. | 194,417 | 7,965 |
* | Evolent Health Inc. Class A | 222,286 | 7,782 |
* | Progyny Inc. | 204,604 | 7,685 |
Select Medical Holdings Corp. | 282,348 | 7,677 | |
* | Revance Therapeutics Inc. | 218,939 | 7,597 |
* | IVERIC bio Inc. | 364,976 | 7,584 |
CONMED Corp. | 78,781 | 7,578 | |
* | Insmed Inc. | 365,987 | 7,459 |
* | Inari Medical Inc. | 130,554 | 7,345 |
* | STAAR Surgical Co. | 130,002 | 7,201 |
* | Beam Therapeutics Inc. | 172,095 | 6,925 |
* | LivaNova plc | 145,600 | 6,890 |
* | Blueprint Medicines Corp. | 161,792 | 6,855 |
* | ACADIA Pharmaceuticals Inc. | 326,485 | 6,755 |
* | Integer Holdings Corp. | 89,375 | 6,701 |
* | TransMedics Group Inc. | 82,630 | 6,616 |
* | Omnicell Inc. | 120,182 | 6,543 |
Patterson Cos. Inc. | 235,963 | 6,258 | |
* | NuVasive Inc. | 142,040 | 6,140 |
*,1 | Axsome Therapeutics Inc. | 86,762 | 5,916 |
* | Sage Therapeutics Inc. | 141,091 | 5,875 |
* | Glaukos Corp. | 123,781 | 5,846 |
* | R1 RCM Inc. | 407,665 | 5,789 |
* | TG Therapeutics Inc. | 360,423 | 5,774 |
* | NeoGenomics Inc. | 341,572 | 5,756 |
* | Pacific Biosciences of California Inc. | 611,286 | 5,551 |
* | Prothena Corp. plc | 99,286 | 5,536 |
* | REVOLUTION Medicines Inc. | 204,216 | 5,465 |
* | Silk Road Medical Inc. | 101,622 | 5,385 |
* | Celldex Therapeutics Inc. | 124,105 | 5,310 |
* | FibroGen Inc. | 236,757 | 5,256 |
* | Pacira BioSciences Inc. | 122,052 | 5,196 |
* | Supernus Pharmaceuticals Inc. | 134,329 | 5,049 |
Embecta Corp. | 157,790 | 5,041 | |
* | Xencor Inc. | 155,442 | 4,994 |
Shares | Market Value• ($000) | ||
* | Phreesia Inc. | 134,538 | 4,951 |
* | Corcept Therapeutics Inc. | 233,970 | 4,874 |
* | Veracyte Inc. | 194,588 | 4,789 |
* | AtriCure Inc. | 123,829 | 4,767 |
* | Amylyx Pharmaceuticals Inc. | 136,725 | 4,761 |
* | Krystal Biotech Inc. | 57,762 | 4,731 |
* | AbCellera Biologics Inc. | 560,714 | 4,710 |
* | Addus HomeCare Corp. | 41,866 | 4,548 |
* | Surgery Partners Inc. | 135,849 | 4,544 |
* | Vir Biotechnology Inc. | 196,408 | 4,478 |
* | BioCryst Pharmaceuticals Inc. | 503,630 | 4,457 |
* | CorVel Corp. | 24,004 | 4,327 |
* | Akero Therapeutics Inc. | 94,555 | 4,303 |
* | Ironwood Pharmaceuticals Inc. Class A | 371,115 | 4,182 |
* | Cerevel Therapeutics Holdings Inc. | 155,170 | 4,142 |
* | Myriad Genetics Inc. | 216,042 | 4,088 |
* | Arvinas Inc. | 132,158 | 4,051 |
* | Catalyst Pharmaceuticals Inc. | 263,181 | 4,016 |
* | Vericel Corp. | 127,813 | 3,887 |
* | Agios Pharmaceuticals Inc. | 148,438 | 3,757 |
* | Relay Therapeutics Inc. | 231,102 | 3,732 |
* | Hims & Hers Health Inc. | 329,349 | 3,712 |
* | Travere Thrapeutics Inc. | 166,882 | 3,698 |
* | Apollo Medical Holdings Inc. | 105,700 | 3,689 |
* | Syndax Pharmaceuticals Inc. | 144,431 | 3,661 |
* | MannKind Corp. | 689,117 | 3,639 |
* | Avanos Medical Inc. | 125,706 | 3,529 |
US Physical Therapy Inc. | 34,757 | 3,522 | |
* | Pediatrix Medical Group Inc. | 221,559 | 3,487 |
* | Privia Health Group Inc. | 124,084 | 3,466 |
* | Avidity Biosciences Inc. | 144,866 | 3,433 |
* | ModivCare Inc. | 34,257 | 3,364 |
* | Viridian Therapeutics Inc. | 102,241 | 3,349 |
* | Dynavax Technologies Corp. | 323,188 | 3,329 |
* | Amphastar Pharmaceuticals Inc. | 103,593 | 3,300 |
* | Aurinia Pharmaceuticals Inc. | 362,759 | 3,298 |
* | Bridgebio Pharma Inc. | 286,930 | 3,277 |
* | Kymera Therapeutics Inc. | 102,770 | 3,225 |
* | RadNet Inc. | 135,315 | 3,191 |
* | Cytek Biosciences Inc. | 308,662 | 3,179 |
* | AdaptHealth Corp. Class A | 195,833 | 3,131 |
* | Harmony Biosciences Holdings Inc. | 70,895 | 3,122 |
* | SpringWorks Therapeutics Inc. | 97,626 | 3,114 |
* | Owens & Minor Inc. | 200,333 | 3,071 |
* | Recursion Pharmaceuticals Inc. Class A | 369,304 | 3,010 |
* | Chinook Therapeutics Inc. | 137,302 | 2,996 |
* | Outset Medical Inc. | 131,171 | 2,992 |
* | Nevro Corp. | 94,787 | 2,980 |
* | Iovance Biotherapeutics Inc. | 407,524 | 2,971 |
Shares | Market Value• ($000) | ||
* | Morphic Holding Inc. | 69,757 | 2,966 |
* | Ligand Pharmaceuticals Inc. | 40,986 | 2,957 |
* | Twist Bioscience Corp. | 151,769 | 2,953 |
* | Warby Parker Inc. Class A | 225,583 | 2,935 |
* | Ventyx Biosciences Inc. | 67,468 | 2,918 |
* | Alphatec Holdings Inc. | 196,328 | 2,908 |
* | DICE Therapeutics Inc. | 95,826 | 2,859 |
* | Crinetics Pharmaceuticals Inc. | 142,759 | 2,804 |
* | Rocket Pharmaceuticals Inc. | 145,598 | 2,797 |
* | NextGen Healthcare Inc. | 153,218 | 2,775 |
* | Keros Therapeutics Inc. | 52,149 | 2,775 |
* | Geron Corp. (XNGS) | 985,389 | 2,739 |
* | Avid Bioservices Inc. | 165,056 | 2,717 |
Healthcare Services Group Inc. | 200,647 | 2,663 | |
* | Alignment Healthcare Inc. | 266,523 | 2,649 |
LeMaitre Vascular Inc. | 52,712 | 2,641 | |
* | PROCEPT BioRobotics Corp. | 70,347 | 2,635 |
* | Biohaven Ltd. | 171,213 | 2,616 |
* | Adaptive Biotechnologies Corp. | 302,141 | 2,583 |
* | Enanta Pharmaceuticals Inc. | 52,919 | 2,567 |
*,1 | Cassava Sciences Inc. | 103,316 | 2,552 |
* | Arcus Biosciences Inc. | 139,159 | 2,534 |
* | REGENXBIO Inc. | 108,704 | 2,419 |
* | Collegium Pharmaceutical Inc. | 91,123 | 2,418 |
* | Replimune Group Inc. | 110,038 | 2,410 |
* | Verve Therapeutics Inc. | 126,854 | 2,410 |
* | Zentalis Pharmaceuticals Inc. | 126,874 | 2,402 |
* | Reata Pharmaceuticals Inc. Class A | 75,026 | 2,339 |
* | CareDx Inc. | 138,177 | 2,324 |
* | Cogent Biosciences Inc. | 173,268 | 2,292 |
* | ImmunoGen Inc. | 580,976 | 2,254 |
* | Arcellx Inc. | 80,004 | 2,241 |
* | Paragon 28 Inc. | 124,504 | 2,193 |
* | Cardiovascular Systems Inc. | 110,916 | 2,186 |
* | Aclaris Therapeutics Inc. | 174,902 | 2,179 |
* | UFP Technologies Inc. | 18,503 | 2,178 |
* | Heska Corp. | 26,173 | 2,131 |
* | BioLife Solutions Inc. | 91,518 | 2,129 |
* | Ideaya Biosciences Inc. | 120,485 | 2,127 |
* | Inhibrx Inc. | 87,913 | 2,115 |
* | Kura Oncology Inc. | 177,168 | 2,112 |
* | Immunovant Inc. | 120,858 | 2,111 |
* | Rapt Therapeutics Inc. | 71,238 | 2,098 |
Atrion Corp. | 3,676 | 2,088 | |
* | Innoviva Inc. | 171,940 | 2,075 |
* | Health Catalyst Inc. | 148,361 | 2,071 |
* | Community Health Systems Inc. | 338,916 | 2,054 |
* | DocGo Inc. | 224,228 | 2,052 |
* | Protagonist Therapeutics Inc. | 126,218 | 2,047 |
* | Accolade Inc. | 179,003 | 1,989 |
* | Treace Medical Concepts Inc. | 90,016 | 1,932 |
* | Orthofix Medical Inc. | 92,955 | 1,915 |
National HealthCare Corp. | 34,258 | 1,909 |
Shares | Market Value• ($000) | ||
*,1 | Theravance Biopharma Inc. | 176,312 | 1,904 |
*,1 | Sharecare Inc. | 805,085 | 1,884 |
* | Varex Imaging Corp. | 105,062 | 1,859 |
* | Fulgent Genetics Inc. | 56,637 | 1,857 |
* | SI-BONE Inc. | 92,053 | 1,820 |
* | Arcutis Biotherapeutics Inc. | 112,285 | 1,817 |
* | Deciphera Pharmaceuticals Inc. | 125,126 | 1,814 |
*,1 | Anavex Life Sciences Corp. | 188,428 | 1,794 |
* | ADMA Biologics Inc. | 504,940 | 1,793 |
* | OrthoPediatrics Corp. | 40,959 | 1,792 |
* | 23andMe Holding Co. Class A | 703,928 | 1,767 |
* | American Well Corp. Class A | 622,408 | 1,737 |
*,1 | Point Biopharma Global Inc. | 231,182 | 1,732 |
* | ViewRay Inc. | 399,938 | 1,728 |
National Research Corp. | 38,170 | 1,724 | |
* | Editas Medicine Inc. Class A | 188,187 | 1,701 |
* | Agenus Inc. | 822,554 | 1,694 |
* | Emergent BioSolutions Inc. | 136,541 | 1,690 |
* | Castle Biosciences Inc. | 66,826 | 1,683 |
* | HealthStream Inc. | 65,350 | 1,676 |
* | Bioxcel Therapeutics Inc. | 52,031 | 1,661 |
* | Nuvalent Inc. Class A | 54,729 | 1,658 |
* | Brookdale Senior Living Inc. | 505,621 | 1,633 |
* | 4D Molecular Therapeutics Inc. | 81,591 | 1,570 |
* | Mersana Therapeutics Inc. | 250,492 | 1,518 |
* | CTI BioPharma Corp. | 271,434 | 1,482 |
* | MiMedx Group Inc. | 304,019 | 1,462 |
* | Cutera Inc. | 44,930 | 1,457 |
* | ANI Pharmaceuticals Inc. | 34,639 | 1,449 |
* | Alector Inc. | 168,644 | 1,440 |
* | Agiliti Inc. | 75,128 | 1,432 |
*,1 | Invitae Corp. | 661,293 | 1,422 |
* | Provention Bio Inc. | 170,928 | 1,419 |
* | Artivion Inc. | 105,726 | 1,400 |
* | Fate Therapeutics Inc. | 226,284 | 1,385 |
* | Clover Health Investments Corp. Class A | 1,049,273 | 1,385 |
* | Day One Biopharmaceuticals Inc. | 74,853 | 1,379 |
* | 2seventy bio Inc. | 101,772 | 1,373 |
*,1 | Allogene Therapeutics Inc. | 214,721 | 1,364 |
* | AnaptysBio Inc. | 54,713 | 1,362 |
* | Coherus Biosciences Inc. | 199,545 | 1,351 |
*,1 | Senseonics Holdings Inc. | 1,285,485 | 1,337 |
* | Intercept Pharmaceuticals Inc. | 66,062 | 1,333 |
* | Cerus Corp. | 465,219 | 1,331 |
* | Ocular Therapeutix Inc. | 209,300 | 1,264 |
* | AngioDynamics Inc. | 100,896 | 1,249 |
* | Anika Therapeutics Inc. | 39,270 | 1,245 |
* | OPKO Health Inc. | 1,092,088 | 1,245 |
* | Esperion Therapeutics Inc. | 200,466 | 1,239 |
* | EQRx Inc. | 547,860 | 1,238 |
* | Cara Therapeutics Inc. | 121,569 | 1,235 |
* | NanoString Technologies Inc. | 125,858 | 1,228 |
Shares | Market Value• ($000) | ||
* | OraSure Technologies Inc. | 194,182 | 1,225 |
* | Nurix Therapeutics Inc. | 125,156 | 1,180 |
* | Bluebird Bio Inc. | 225,236 | 1,171 |
* | Mirum Pharmaceuticals Inc. | 49,580 | 1,166 |
* | Computer Programs and Systems Inc. | 37,667 | 1,130 |
* | iTeos Therapeutics Inc. | 63,315 | 1,121 |
* | Dyne Therapeutics Inc. | 86,169 | 1,110 |
* | Sangamo Therapeutics Inc. | 362,139 | 1,105 |
*,1 | Bionano Genomics Inc. | 813,150 | 1,090 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 84,692 | 1,089 |
* | MaxCyte Inc. | 235,055 | 1,067 |
* | Pennant Group Inc. | 70,488 | 1,059 |
* | Pulmonx Corp. | 93,375 | 1,049 |
* | SomaLogic Inc. | 407,227 | 1,034 |
* | Multiplan Corp. | 1,016,356 | 1,027 |
* | Arcturus Therapeutics Holdings Inc. | 63,097 | 1,025 |
* | Lyell Immunopharma Inc. | 473,860 | 1,019 |
* | Atara Biotherapeutics Inc. | 250,935 | 1,016 |
* | Quanterix Corp. | 92,383 | 1,016 |
* | MacroGenics Inc. | 163,863 | 998 |
*,1 | LifeStance Health Group Inc. | 194,557 | 996 |
*,1 | Liquidia Corp. | 129,290 | 979 |
* | Edgewise Therapeutics Inc. | 102,230 | 979 |
* | Inogen Inc. | 62,411 | 978 |
* | Vanda Pharmaceuticals Inc. | 151,071 | 973 |
* | Seres Therapeutics Inc. | 189,276 | 956 |
* | Caribou Biosciences Inc. | 152,450 | 928 |
* | Cullinan Oncology Inc. | 81,877 | 924 |
* | Axogen Inc. | 110,484 | 912 |
*,1 | Nano-X Imaging Ltd. | 124,652 | 909 |
* | Kezar Life Sciences Inc. | 141,455 | 890 |
*,1 | Sana Biotechnology Inc. | 242,394 | 890 |
* | Evolus Inc. | 96,838 | 878 |
*,1 | Butterfly Network Inc. | 356,495 | 877 |
* | OmniAb Inc. (XNMS) | 209,586 | 874 |
1 | SIGA Technologies Inc. | 127,033 | 870 |
Phibro Animal Health Corp. Class A | 54,964 | 864 | |
Utah Medical Products Inc. | 9,351 | 858 | |
* | Arbutus Biopharma Corp. | 306,700 | 853 |
* | Inovio Pharmaceuticals Inc. | 664,606 | 837 |
* | Sutro Biopharma Inc. | 147,033 | 829 |
*,1 | HilleVax Inc. | 47,713 | 804 |
* | Surmodics Inc. | 36,721 | 802 |
* | OptimizeRx Corp. | 44,898 | 801 |
* | Codexis Inc. | 165,558 | 800 |
* | Janux Therapeutics Inc. | 46,570 | 774 |
* | Tarsus Pharmaceuticals Inc. | 49,923 | 773 |
* | Eagle Pharmaceuticals Inc. | 27,587 | 772 |
* | Tactile Systems Technology Inc. | 53,158 | 768 |
* | RxSight Inc. | 55,658 | 764 |
* | Zynex Inc. | 58,006 | 749 |
iRadimed Corp. | 19,175 | 728 | |
* | Atea Pharmaceuticals Inc. | 204,890 | 725 |
*,1 | Cano Health Inc. | 436,203 | 720 |
Shares | Market Value• ($000) | ||
* | Rigel Pharmaceuticals Inc. | 472,095 | 713 |
* | PMV Pharmaceuticals Inc. | 98,878 | 713 |
* | Fulcrum Therapeutics Inc. | 117,873 | 712 |
* | CareMax Inc. | 159,282 | 685 |
* | Nektar Therapeutics Class A | 491,694 | 679 |
* | PetIQ Inc. Class A | 72,831 | 679 |
*,1 | Tango Therapeutics Inc. | 127,549 | 667 |
*,1 | Heron Therapeutics Inc. | 275,839 | 654 |
* | Sight Sciences Inc. | 58,934 | 647 |
* | Zimvie Inc. | 56,821 | 647 |
* | Design Therapeutics Inc. | 90,763 | 642 |
* | Adicet Bio Inc. | 81,168 | 640 |
* | Karyopharm Therapeutics Inc. | 210,418 | 635 |
* | MeiraGTx Holdings plc | 81,627 | 630 |
* | Cue Health Inc. | 292,754 | 629 |
* | Erasca Inc. | 173,670 | 625 |
* | PepGen Inc. | 40,306 | 615 |
* | Nuvation Bio Inc. | 313,506 | 608 |
*,1 | Aerovate Therapeutics Inc. | 24,590 | 604 |
* | IGM Biosciences Inc. | 28,650 | 602 |
* | C4 Therapeutics Inc. | 113,875 | 600 |
* | Joint Corp. | 37,541 | 589 |
* | Kodiak Sciences Inc. | 90,071 | 585 |
*,1 | Ocugen Inc. | 581,111 | 579 |
* | Amneal Pharmaceuticals Inc. | 279,471 | 576 |
* | Seer Inc. Class A | 139,316 | 570 |
*,1 | Phathom Pharmaceuticals Inc. | 65,741 | 563 |
* | Allovir Inc. | 83,197 | 562 |
* | Stoke Therapeutics Inc. | 60,208 | 535 |
*,1 | ImmunityBio Inc. | 219,008 | 534 |
*,1 | 908 Devices Inc. | 58,680 | 528 |
* | NGM Biopharmaceuticals Inc. | 110,073 | 522 |
* | Generation Bio Co. | 130,297 | 516 |
* | Lexicon Pharmaceuticals Inc. | 225,266 | 507 |
* | Alpine Immune Sciences Inc. | 62,278 | 496 |
* | Aura Biosciences Inc. | 49,141 | 491 |
* | Icosavax Inc. | 59,717 | 489 |
* | Xeris Biopharma Holdings Inc. | 353,125 | 487 |
* | Akoya Biosciences Inc. | 42,073 | 485 |
*,1 | Monte Rosa Therapeutics Inc. | 79,577 | 484 |
* | KalVista Pharmaceuticals Inc. | 65,922 | 483 |
*,1 | Humacyte Inc. | 156,595 | 479 |
* | Tyra Biosciences Inc. | 36,281 | 479 |
*,1 | Prime Medicine Inc. | 28,436 | 467 |
* | Organogenesis Holdings Inc. Class A | 189,456 | 464 |
*,1 | Bright Health Group Inc. | 521,683 | 454 |
*,1 | Quantum-Si Inc. | 247,254 | 450 |
* | Theseus Pharmaceuticals Inc. | 45,875 | 426 |
*,1 | Vicarious Surgical Inc. | 151,940 | 425 |
* | Aadi Bioscience Inc. | 38,716 | 417 |
* | Kinnate Biopharma Inc. | 78,777 | 416 |
* | Innovage Holding Corp. | 51,323 | 390 |
* | Rallybio Corp. | 49,231 | 387 |
Shares | Market Value• ($000) | ||
* | ALX Oncology Holdings Inc. | 57,339 | 380 |
* | Y-mAbs Therapeutics Inc. | 98,392 | 374 |
* | Nkarta Inc. | 87,470 | 367 |
* | Chimerix Inc. | 227,472 | 359 |
* | Affimed NV | 389,741 | 354 |
* | Inotiv Inc. | 46,865 | 352 |
*,1 | Outlook Therapeutics Inc. | 321,997 | 351 |
* | Precigen Inc. | 270,874 | 341 |
*,1 | An2 Therapeutics Inc. | 29,813 | 336 |
* | Praxis Precision Medicines Inc. | 106,986 | 328 |
* | Singular Genomics Systems Inc. | 150,258 | 323 |
*,1 | Foghorn Therapeutics Inc. | 53,566 | 307 |
*,1 | Absci Corp. | 141,993 | 301 |
*,1 | Gossamer Bio Inc. | 168,788 | 292 |
* | Vera Therapeutics Inc. Class A | 38,443 | 286 |
* | Athira Pharma Inc. | 90,030 | 277 |
* | Nautilus Biotechnology Inc. | 129,764 | 275 |
* | Vaxart Inc. | 346,316 | 270 |
* | Relmada Therapeutics Inc. | 73,215 | 264 |
* | Berkeley Lights Inc. | 148,771 | 260 |
* | VBI Vaccines Inc. | 517,071 | 248 |
* | Century Therapeutics Inc. | 54,067 | 244 |
* | Invivyd Inc. | 137,341 | 239 |
* | Tenaya Therapeutics Inc. | 76,210 | 234 |
* | EyePoint Pharmaceuticals Inc. | 69,071 | 231 |
1 | AirSculpt Technologies Inc. | 32,490 | 213 |
* | GeneDx Holdings Corp. Class A | 420,253 | 210 |
* | Eiger BioPharmaceuticals Inc. | 110,847 | 208 |
* | Kronos Bio Inc. | 109,181 | 190 |
* | Bioventus Inc. Class A | 84,277 | 180 |
* | Pear Therapeutics Inc. | 182,604 | 180 |
* | Thorne HealthTech Inc. | 35,916 | 178 |
1 | Babylon Holdings Ltd. Class A | 15,175 | 151 |
* | Instil Bio Inc. | 186,678 | 145 |
*,1 | Third Harmonic Bio Inc. | 33,741 | 143 |
* | Aveanna Healthcare Holdings Inc. | 116,061 | 142 |
* | Oncology Institute Inc. | 92,652 | 131 |
* | Pardes Biosciences Inc. | 91,402 | 129 |
* | Jounce Therapeutics Inc. | 113,463 | 127 |
* | Talaris Therapeutics Inc. | 61,806 | 120 |
* | Celularity Inc. | 169,093 | 116 |
* | GreenLight Biosciences Holdings PBC | 239,382 | 115 |
* | VistaGen Therapeutics Inc. | 580,184 | 102 |
* | Mineralys Therapeutics Inc. | 5,045 | 90 |
* | Alpha Teknova Inc. | 16,395 | 89 |
* | P3 Health Partners Inc. | 64,700 | 78 |
* | ATI Physical Therapy Inc. | 198,952 | 69 |
* | Science 37 Holdings Inc. | 169,084 | 56 |
*,1 | Enochian Biosciences Inc. | 51,304 | 53 |
*,1 | Tenon Medical Inc. | 20,240 | 47 |
*,1,2 | Tobira Therapeutics Inc. CVR | 6,227 | 28 |
*,1 | Gelesis Holdings Inc. | 41,957 | 11 |
*,2 | PDL BioPharma Inc. | 712 | 1 |
Shares | Market Value• ($000) | ||
*,2 | Achillion Pharma CVR Alexion Pharmaceuticals Inc. | 1,085 | 1 |
*,2 | Synergy Pharmaceuticals Inc. | 224,815 | — |
*,2 | Progenics Pharmaceuticals Inc. CVR | 110,304 | — |
*,2 | OmniAb Inc. 12.5 Earnout | 14,203 | — |
*,2 | OmniAb Inc. 15 Earnout | 14,203 | — |
1,019,775 | |||
Industrials (17.6%) | |||
EMCOR Group Inc. | 127,849 | 21,379 | |
* | Saia Inc. | 72,012 | 19,506 |
* | Atkore Inc. | 111,683 | 16,308 |
* | Chart Industries Inc. | 115,678 | 15,443 |
Applied Industrial Technologies Inc. | 103,690 | 14,813 | |
* | ExlService Holdings Inc. | 87,700 | 14,428 |
Exponent Inc. | 137,720 | 14,171 | |
* | Fluor Corp. | 385,751 | 14,145 |
Comfort Systems USA Inc. | 96,026 | 13,966 | |
* | ATI Inc. | 336,212 | 13,667 |
Maximus Inc. | 164,006 | 13,462 | |
* | API Group Corp. | 560,967 | 13,177 |
Watts Water Technologies Inc. Class A | 74,158 | 12,995 | |
Simpson Manufacturing Co. Inc. | 115,981 | 12,510 | |
Insperity Inc. | 98,261 | 12,193 | |
* | Aerojet Rocketdyne Holdings Inc. | 214,770 | 12,100 |
Franklin Electric Co. Inc. | 124,966 | 11,943 | |
* | ASGN Inc. | 133,023 | 11,812 |
Triton International Ltd. | 157,754 | 10,876 | |
Altra Industrial Motion Corp. | 175,971 | 10,827 | |
AAON Inc. | 118,844 | 10,810 | |
Terex Corp. | 180,746 | 10,702 | |
* | Bloom Energy Corp. Class A | 487,672 | 10,578 |
* | AMN Healthcare Services Inc. | 117,294 | 10,558 |
GATX Corp. | 95,169 | 10,382 | |
Maxar Technologies Inc. | 199,326 | 10,265 | |
EnerSys | 110,588 | 10,029 | |
HB Fuller Co. | 143,768 | 10,029 | |
Herc Holdings Inc. | 68,111 | 9,780 | |
Belden Inc. | 115,046 | 9,708 | |
Badger Meter Inc. | 79,314 | 9,646 | |
John Bean Technologies Corp. | 85,829 | 9,518 | |
* | Summit Materials Inc. Class A | 322,126 | 9,516 |
* | O-I Glass Inc. | 421,606 | 9,368 |
Encore Wire Corp. | 47,974 | 9,259 | |
* | Beacon Roofing Supply Inc. | 139,258 | 9,052 |
Hillenbrand Inc. | 187,927 | 8,859 | |
* | Alight Inc. Class A | 920,586 | 8,838 |
ABM Industries Inc. | 179,732 | 8,701 | |
Federal Signal Corp. | 161,814 | 8,539 | |
Albany International Corp. Class A | 84,481 | 8,526 | |
* | TriNet Group Inc. | 101,455 | 8,408 |
* | SPX Technologies Inc. | 118,675 | 8,359 |
Korn Ferry | 143,754 | 8,034 |
Shares | Market Value• ($000) | ||
* | Hub Group Inc. Class A | 87,511 | 8,027 |
Brink's Co. | 122,797 | 8,013 | |
Werner Enterprises Inc. | 171,811 | 7,981 | |
UniFirst Corp. | 40,567 | 7,956 | |
Otter Tail Corp. | 111,512 | 7,905 | |
* | ACI Worldwide Inc. | 303,935 | 7,857 |
Zurn Elkay Water Solutions Corp. | 336,928 | 7,749 | |
Scorpio Tankers Inc. | 127,455 | 7,693 | |
Moog Inc. Class A | 77,611 | 7,654 | |
* | Atlas Air Worldwide Holdings Inc. | 75,809 | 7,642 |
Forward Air Corp. | 72,897 | 7,524 | |
Installed Building Products Inc. | 64,405 | 7,431 | |
* | Resideo Technologies Inc. | 392,315 | 7,195 |
* | GMS Inc. | 115,598 | 7,018 |
Brady Corp. Class A | 123,669 | 6,822 | |
* | Marqeta Inc. Class A | 1,175,309 | 6,817 |
* | Itron Inc. | 122,131 | 6,811 |
International Seaways Inc. | 131,820 | 6,781 | |
McGrath RentCorp. | 65,687 | 6,755 | |
Kadant Inc. | 31,417 | 6,744 | |
Matson Inc. | 101,265 | 6,735 | |
* | Dycom Industries Inc. | 78,352 | 6,598 |
* | Verra Mobility Corp. Class A | 379,391 | 6,537 |
ESCO Technologies Inc. | 69,893 | 6,513 | |
* | CBIZ Inc. | 129,890 | 6,506 |
* | StoneCo. Ltd. Class A | 751,765 | 6,398 |
*,1 | Frontline plc | 337,630 | 6,374 |
ArcBest Corp. | 66,185 | 6,367 | |
Kennametal Inc. | 220,416 | 6,244 | |
Trinity Industries Inc. | 222,399 | 6,207 | |
EVERTEC Inc. | 165,729 | 6,100 | |
EnPro Industries Inc. | 56,341 | 6,057 | |
Helios Technologies Inc. | 88,112 | 5,969 | |
Mueller Water Products Inc. Class A | 422,215 | 5,856 | |
* | AeroVironment Inc. | 66,781 | 5,726 |
CSW Industrials Inc. | 39,585 | 5,604 | |
Barnes Group Inc. | 132,613 | 5,588 | |
Bread Financial Holdings Inc. | 135,995 | 5,585 | |
Veritiv Corp. | 35,447 | 5,368 | |
* | MYR Group Inc. | 44,391 | 5,354 |
* | Masonite International Corp. | 60,270 | 5,352 |
Granite Construction Inc. | 119,742 | 5,173 | |
* | AAR Corp. | 91,532 | 4,978 |
ICF International Inc. | 49,945 | 4,969 | |
Alamo Group Inc. | 27,227 | 4,966 | |
H&E Equipment Services Inc. | 86,580 | 4,805 | |
Greif Inc. Class A | 67,343 | 4,785 | |
Griffon Corp. | 124,765 | 4,550 | |
* | Gibraltar Industries Inc. | 84,162 | 4,495 |
Lindsay Corp. | 29,789 | 4,483 | |
* | Evo Payments Inc. Class A | 128,486 | 4,349 |
DHT Holdings Inc. | 371,231 | 4,295 | |
Patrick Industries Inc. | 58,533 | 4,264 | |
* | Kratos Defense & Security Solutions Inc. | 334,197 | 4,228 |
Enerpac Tool Group Corp. Class A | 154,722 | 4,167 | |
* | OSI Systems Inc. | 43,424 | 4,019 |
* | Remitly Global Inc. | 271,271 | 3,969 |
Shares | Market Value• ($000) | ||
* | AvidXchange Holdings Inc. | 397,502 | 3,955 |
Primoris Services Corp. | 143,432 | 3,944 | |
Textainer Group Holdings Ltd. | 117,649 | 3,873 | |
* | NV5 Global Inc. | 36,632 | 3,854 |
* | Flywire Corp. | 154,366 | 3,817 |
*,1 | Virgin Galactic Holdings Inc. | 656,698 | 3,769 |
* | Huron Consulting Group Inc. | 53,355 | 3,745 |
Standex International Corp. | 32,320 | 3,739 | |
* | Montrose Environmental Group Inc. | 74,558 | 3,630 |
Tennant Co. | 50,350 | 3,566 | |
Wabash National Corp. | 128,958 | 3,533 | |
Marten Transport Ltd. | 157,938 | 3,486 | |
* | Payoneer Global Inc. | 598,352 | 3,470 |
1 | Golden Ocean Group Ltd. | 332,396 | 3,450 |
TriMas Corp. | 113,554 | 3,405 | |
*,1 | Mirion Technologies Inc. | 371,013 | 3,369 |
* | ZipRecruiter Inc. Class A | 197,334 | 3,367 |
Kforce Inc. | 53,590 | 3,349 | |
* | PGT Innovations Inc. | 156,870 | 3,318 |
* | Energy Recovery Inc. | 149,519 | 3,300 |
* | Modine Manufacturing Co. | 134,580 | 3,285 |
*,1 | Joby Aviation Inc. | 698,361 | 3,282 |
* | Air Transport Services Group Inc. | 156,394 | 3,273 |
* | Hillman Solutions Corp. | 365,796 | 3,252 |
SFL Corp. Ltd. | 311,893 | 3,219 | |
* | Sterling Infrastructure Inc. | 79,326 | 3,051 |
* | CoreCivic Inc. | 309,359 | 3,004 |
* | JELD-WEN Holding Inc. | 226,161 | 2,974 |
* | Construction Partners Inc. Class A | 107,894 | 2,919 |
* | Donnelley Financial Solutions Inc. | 68,821 | 2,912 |
* | Vivint Smart Home Inc. | 257,161 | 2,890 |
Columbus McKinnon Corp. | 75,731 | 2,811 | |
* | Vicor Corp. | 59,781 | 2,810 |
* | Teekay Tankers Ltd. Class A | 61,800 | 2,790 |
Astec Industries Inc. | 61,757 | 2,781 | |
Greenbrier Cos. Inc. | 86,376 | 2,774 | |
Apogee Enterprises Inc. | 60,114 | 2,751 | |
*,1 | Enovix Corp. | 294,181 | 2,712 |
AZZ Inc. | 66,540 | 2,705 | |
1 | Flex LNG Ltd. | 77,219 | 2,679 |
* | Rocket Lab USA Inc. | 584,549 | 2,630 |
* | CryoPort Inc. | 120,279 | 2,605 |
* | Cross Country Healthcare Inc. | 96,822 | 2,561 |
* | Proterra Inc. | 606,477 | 2,547 |
Myers Industries Inc. | 98,071 | 2,534 | |
* | Napco Security Technologies Inc. | 79,756 | 2,520 |
* | Titan Machinery Inc. | 54,840 | 2,511 |
Nordic American Tankers Ltd. | 555,027 | 2,459 | |
Mesa Laboratories Inc. | 13,837 | 2,443 | |
Shyft Group Inc. | 93,578 | 2,426 | |
* | Green Dot Corp. Class A | 127,155 | 2,407 |
* | Thermon Group Holdings Inc. | 89,963 | 2,380 |
Shares | Market Value• ($000) | ||
Eagle Bulk Shipping Inc. | 36,409 | 2,376 | |
CRA International Inc. | 18,799 | 2,340 | |
Quanex Building Products Corp. | 89,737 | 2,329 | |
* | First Advantage Corp. | 159,406 | 2,313 |
* | Proto Labs Inc. | 73,463 | 2,310 |
* | Janus International Group Inc. | 221,710 | 2,304 |
* | American Woodmark Corp. | 44,676 | 2,278 |
Douglas Dynamics Inc. | 60,991 | 2,274 | |
Trinseo plc | 95,430 | 2,212 | |
* | Triumph Group Inc. | 174,220 | 2,199 |
Deluxe Corp. | 117,506 | 2,167 | |
* | International Money Express Inc. | 84,826 | 2,167 |
* | LegalZoom.Com Inc. | 261,093 | 2,133 |
TTEC Holdings Inc. | 50,931 | 2,050 | |
Pitney Bowes Inc. | 470,097 | 2,040 | |
Heartland Express Inc. | 126,334 | 2,038 | |
*,1 | Nikola Corp. | 914,625 | 2,030 |
* | Repay Holdings Corp. Class A | 237,834 | 2,017 |
Ardmore Shipping Corp. | 110,536 | 2,006 | |
* | BlueLinx Holdings Inc. | 23,732 | 2,003 |
Chase Corp. | 20,418 | 2,000 | |
Kaman Corp. | 75,961 | 1,975 | |
Genco Shipping & Trading Ltd. | 99,096 | 1,888 | |
* | SP Plus Corp. | 54,525 | 1,855 |
*,1 | PureCycle Technologies Inc. | 288,362 | 1,840 |
* | Conduent Inc. | 460,805 | 1,834 |
Dorian LPG Ltd. | 83,000 | 1,822 | |
Heidrick & Struggles International Inc. | 52,856 | 1,815 | |
* | Manitowoc Co. Inc. | 94,874 | 1,794 |
Barrett Business Services Inc. | 18,546 | 1,780 | |
Cass Information Systems Inc. | 36,573 | 1,768 | |
* | Transcat Inc. | 19,273 | 1,734 |
Gorman-Rupp Co. | 61,990 | 1,727 | |
* | Titan International Inc. | 138,683 | 1,721 |
* | Cimpress plc | 47,856 | 1,681 |
VSE Corp. | 28,703 | 1,648 | |
* | TrueBlue Inc. | 87,224 | 1,631 |
* | Ducommun Inc. | 29,846 | 1,606 |
Resources Connection Inc. | 87,148 | 1,574 | |
Allied Motion Technologies Inc. | 36,394 | 1,571 | |
* | Franklin Covey Co. | 33,053 | 1,549 |
Kelly Services Inc. Class A | 91,670 | 1,534 | |
* | Paysafe Ltd. | 75,973 | 1,515 |
* | V2X Inc. | 32,630 | 1,513 |
Insteel Industries Inc. | 50,627 | 1,506 | |
Costamare Inc. | 142,440 | 1,496 | |
Ennis Inc. | 68,506 | 1,490 | |
* | Vishay Precision Group Inc. | 33,860 | 1,476 |
* | I3 Verticals Inc. Class A | 59,895 | 1,474 |
* | CIRCOR International Inc. | 49,756 | 1,456 |
* | FARO Technologies Inc. | 50,859 | 1,383 |
Argan Inc. | 35,538 | 1,381 | |
Pactiv Evergreen Inc. | 117,780 | 1,273 | |
* | Diversey Holdings Ltd. | 212,465 | 1,256 |
Shares | Market Value• ($000) | ||
Luxfer Holdings plc | 74,149 | 1,229 | |
Greif Inc. Class B | 14,700 | 1,210 | |
* | DXP Enterprises Inc. | 41,445 | 1,198 |
* | Hudson Technologies Inc. | 117,326 | 1,189 |
*,1 | Custom Truck One Source Inc. | 162,746 | 1,178 |
* | Target Hospitality Corp. | 79,082 | 1,173 |
* | Teekay Corp. | 186,792 | 1,166 |
* | Archer Aviation Inc. Class A | 391,441 | 1,155 |
Hyster-Yale Materials Handling Inc. | 29,275 | 1,139 | |
* | Aersale Corp. | 56,248 | 1,117 |
Cadre Holdings Inc. | 51,327 | 1,103 | |
*,1 | Desktop Metal Inc. Class A | 724,619 | 1,101 |
Powell Industries Inc. | 24,784 | 1,099 | |
* | Babcock & Wilcox Enterprises Inc. | 165,844 | 1,076 |
*,1 | Hyliion Holdings Corp. | 371,613 | 1,052 |
* | Astronics Corp. | 68,819 | 1,049 |
REV Group Inc. | 88,474 | 1,034 | |
* | Great Lakes Dredge & Dock Corp. | 176,199 | 1,011 |
* | Forrester Research Inc. | 30,517 | 1,004 |
* | IES Holdings Inc. | 23,418 | 985 |
* | Blue Bird Corp. | 46,953 | 954 |
National Presto Industries Inc. | 13,798 | 947 | |
* | Tutor Perini Corp. | 113,679 | 922 |
* | Aspen Aerogels Inc. | 84,568 | 918 |
* | Cantaloupe Inc. | 158,118 | 911 |
* | Daseke Inc. | 109,493 | 892 |
United States Lime & Minerals Inc. | 5,524 | 891 | |
Covenant Logistics Group Inc. Class A | 25,425 | 881 | |
Park Aerospace Corp. | 53,442 | 878 | |
*,1 | Workhorse Group Inc. | 410,208 | 845 |
Miller Industries Inc. | 29,849 | 830 | |
* | ShotSpotter Inc. | 24,141 | 823 |
* | Sterling Check Corp. | 63,725 | 811 |
* | BrightView Holdings Inc. | 119,726 | 757 |
* | Ranpak Holdings Corp. Class A | 117,556 | 741 |
Safe Bulkers Inc. | 194,508 | 729 | |
* | TuSimple Holdings Inc. Class A | 376,532 | 723 |
* | Blade Air Mobility Inc. | 152,175 | 708 |
* | IBEX Holdings Ltd. | 24,344 | 680 |
Kronos Worldwide Inc. | 59,736 | 674 | |
* | Atlas Technical Consultants Inc. | 52,667 | 644 |
* | Evolv Technologies Holdings Inc. | 230,200 | 633 |
Eneti Inc. | 59,762 | 632 | |
* | Hireright Holdings Corp. | 57,069 | 629 |
*,1 | Danimer Scientific Inc. | 242,217 | 625 |
* | Distribution Solutions Group Inc. | 13,541 | 601 |
Preformed Line Products Co. | 6,739 | 601 | |
*,1 | Microvast Holdings Inc. | 462,162 | 596 |
Universal Logistics Holdings Inc. | 19,595 | 582 | |
* | Willdan Group Inc. | 31,719 | 573 |
* | Radiant Logistics Inc. | 100,714 | 572 |
Shares | Market Value• ($000) | ||
* | Concrete Pumping Holdings Inc. | 72,358 | 565 |
* | PAM Transportation Services Inc. | 17,568 | 509 |
Information Services Group Inc. | 94,263 | 497 | |
*,1 | Velo3D Inc. | 156,199 | 495 |
* | Advantage Solutions Inc. | 223,729 | 492 |
* | DHI Group Inc. | 114,637 | 486 |
* | Quad/Graphics Inc. | 89,295 | 437 |
* | CS Disco Inc. | 61,194 | 428 |
* | Markforged Holding Corp. | 309,337 | 411 |
* | Atlanticus Holdings Corp. | 11,173 | 358 |
Caesarstone Ltd. | 60,505 | 352 | |
* | Spire Global Inc. | 336,230 | 346 |
*,1 | Skillsoft Corp. | 214,941 | 335 |
*,1 | Hyzon Motors Inc. | 232,704 | 303 |
PFSweb Inc. | 45,899 | 296 | |
*,1 | Terran Orbital Corp. | 110,049 | 293 |
* | Moneylion Inc. | 390,784 | 261 |
Karat Packaging Inc. | 14,917 | 231 | |
*,1 | Astra Space Inc. | 405,545 | 231 |
* | Latch Inc. | 289,137 | 228 |
* | Hydrofarm Holdings Group Inc. | 118,312 | 227 |
*,1 | Redwire Corp. | 54,563 | 212 |
*,1 | View Inc. | 299,568 | 190 |
* | Priority Technology Holdings Inc. | 46,895 | 184 |
* | Sarcos Technology and Robotics Corp. | 291,059 | 183 |
*,1 | Berkshire Grey Inc. | 132,774 | 175 |
* | AEye Inc. | 273,052 | 161 |
* | CompoSecure Inc. | 22,717 | 157 |
* | Cepton Inc. | 125,586 | 131 |
* | Momentus Inc. | 150,369 | 124 |
*,1 | Xos Inc. | 151,990 | 117 |
*,1 | Lightning eMotors Inc. | 106,446 | 71 |
*,1 | Cerberus Cyber Sentinel Corp. | 123,750 | 71 |
* | Fathom Digital Manufacturing Corp. | 26,249 | 31 |
1,170,140 | |||
Other (0.0%)3 | |||
Scilex Holding Co. | 165,557 | 1,289 | |
*,2 | Aduro Biotech Inc. CVR | 17,431 | 3 |
*,2 | GTX Inc. CVR | 846 | 1 |
*,2 | Flexion Therape CVR | 111 | — |
1,293 | |||
Real Estate (6.4%) | |||
Agree Realty Corp. | 236,771 | 16,759 | |
STAG Industrial Inc. | 488,827 | 16,444 | |
Ryman Hospitality Properties Inc. | 145,770 | 13,523 | |
Terreno Realty Corp. | 214,635 | 13,352 | |
Kite Realty Group Trust | 590,698 | 12,830 | |
Independence Realty Trust Inc. | 608,210 | 11,003 | |
Phillips Edison & Co. Inc. | 317,417 | 10,821 | |
PotlatchDeltic Corp. | 215,677 | 9,956 | |
Essential Properties Realty Trust Inc. | 380,759 | 9,808 | |
Apple Hospitality REIT Inc. | 583,073 | 9,627 | |
Physicians Realty Trust | 617,583 | 9,159 | |
Broadstone Net Lease Inc. | 468,494 | 8,316 |
Shares | Market Value• ($000) | ||
Corporate Office Properties Trust | 305,341 | 7,765 | |
LXP Industrial Trust | 738,480 | 7,702 | |
Sabra Health Care REIT Inc. | 626,262 | 7,459 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 236,219 | 7,420 | |
SITE Centers Corp. | 528,259 | 7,063 | |
Macerich Co. | 583,184 | 6,969 | |
Outfront Media Inc. | 396,397 | 6,917 | |
Innovative Industrial Properties Inc. | 75,195 | 6,648 | |
National Health Investors Inc. | 113,247 | 6,229 | |
Four Corners Property Trust Inc. | 226,845 | 6,159 | |
Sunstone Hotel Investors Inc. | 574,105 | 6,068 | |
Equity Commonwealth | 283,956 | 6,028 | |
* | Cushman & Wakefield plc | 430,587 | 5,572 |
Kennedy-Wilson Holdings Inc. | 320,066 | 5,348 | |
DigitalBridge Group Inc. | 429,264 | 5,267 | |
Tanger Factory Outlet Centers Inc. | 274,756 | 5,190 | |
CareTrust REIT Inc. | 261,272 | 5,139 | |
Pebblebrook Hotel Trust | 352,870 | 5,035 | |
DiamondRock Hospitality Co. | 568,263 | 4,955 | |
RLJ Lodging Trust | 434,211 | 4,924 | |
Service Properties Trust | 445,779 | 4,895 | |
Urban Edge Properties | 310,636 | 4,784 | |
Retail Opportunity Investments Corp. | 327,329 | 4,658 | |
InvenTrust Properties Corp. | 183,618 | 4,442 | |
Elme Communities | 237,855 | 4,426 | |
Xenia Hotels & Resorts Inc. | 310,702 | 4,362 | |
St. Joe Co. | 93,536 | 4,006 | |
Global Net Lease Inc. | 283,269 | 4,000 | |
Getty Realty Corp. | 114,413 | 3,928 | |
LTC Properties Inc. | 108,411 | 3,883 | |
* | Veris Residential Inc. | 233,376 | 3,767 |
Easterly Government Properties Inc. Class A | 248,108 | 3,746 | |
Alexander & Baldwin Inc. | 196,777 | 3,674 | |
Acadia Realty Trust | 251,859 | 3,670 | |
Uniti Group Inc. | 642,858 | 3,529 | |
American Assets Trust Inc. | 134,213 | 3,386 | |
Piedmont Office Realty Trust Inc. Class A | 332,565 | 3,043 | |
Apartment Investment and Management Co. Class A | 404,819 | 3,036 | |
NETSTREIT Corp. | 149,065 | 3,010 | |
NexPoint Residential Trust Inc. | 61,609 | 2,984 | |
Newmark Group Inc. Class A | 365,080 | 2,928 | |
* | Radius Global Infrastructure Inc. Class A (XNMS) | 207,996 | 2,835 |
* | GEO Group Inc. | 320,058 | 2,804 |
Brandywine Realty Trust | 462,070 | 2,722 |
Shares | Market Value• ($000) | ||
* | Compass Inc. Class A | 740,235 | 2,672 |
Paramount Group Inc. | 506,759 | 2,671 | |
Empire State Realty Trust Inc. Class A | 359,598 | 2,621 | |
Centerspace | 40,896 | 2,561 | |
Community Healthcare Trust Inc. | 64,226 | 2,488 | |
Necessity Retail REIT Inc. | 360,723 | 2,475 | |
RPT Realty | 229,283 | 2,458 | |
Marcus & Millichap Inc. | 68,416 | 2,351 | |
UMH Properties Inc. | 138,090 | 2,349 | |
Armada Hoffler Properties Inc. | 182,126 | 2,335 | |
1 | eXp World Holdings Inc. | 189,029 | 2,283 |
Plymouth Industrial REIT Inc. | 101,599 | 2,198 | |
Safehold Inc. | 72,886 | 2,178 | |
* | Redfin Corp. | 289,212 | 2,143 |
Office Properties Income Trust | 129,498 | 2,129 | |
Summit Hotel Properties Inc. | 282,826 | 2,093 | |
Universal Health Realty Income Trust | 34,669 | 1,838 | |
* | Anywhere Real Estate Inc. | 290,248 | 1,681 |
Global Medical REIT Inc. | 164,644 | 1,656 | |
Chatham Lodging Trust | 130,252 | 1,590 | |
Ares Commercial Real Estate Corp. | 139,435 | 1,577 | |
Gladstone Land Corp. | 87,578 | 1,541 | |
Farmland Partners Inc. | 135,803 | 1,456 | |
Gladstone Commercial Corp. | 105,893 | 1,449 | |
Urstadt Biddle Properties Inc. Class A | 79,838 | 1,381 | |
Orion Office REIT Inc. | 155,436 | 1,331 | |
Alexander's Inc. | 5,821 | 1,274 | |
Saul Centers Inc. | 31,775 | 1,249 | |
Whitestone REIT | 126,589 | 1,196 | |
RMR Group Inc. Class A | 41,721 | 1,174 | |
* | Tejon Ranch Co. | 56,048 | 1,077 |
* | FRP Holdings Inc. | 18,293 | 1,000 |
One Liberty Properties Inc. | 44,010 | 997 | |
Indus Realty Trust Inc. | 14,351 | 955 | |
City Office REIT Inc. | 106,177 | 898 | |
RE/MAX Holdings Inc. Class A | 47,936 | 886 | |
CTO Realty Growth Inc. | 49,007 | 862 | |
Braemar Hotels & Resorts Inc. | 184,195 | 858 | |
Douglas Elliman Inc. | 202,889 | 856 | |
Industrial Logistics Properties Trust | 177,500 | 728 | |
Postal Realty Trust Inc. Class A | 48,817 | 714 | |
* | Forestar Group Inc. | 49,928 | 712 |
Hersha Hospitality Trust Class A | 85,021 | 711 | |
BRT Apartments Corp. | 32,845 | 695 | |
Franklin Street Properties Corp. | 265,686 | 643 | |
Diversified Healthcare Trust | 635,929 | 623 | |
* | Ashford Hospitality Trust Inc. | 92,926 | 460 |
Stratus Properties Inc. | 15,973 | 340 |
Shares | Market Value• ($000) | ||
Clipper Realty Inc. | 33,779 | 225 | |
* | Bluerock Homes Trust Inc. | 10,325 | 222 |
* | Transcontinental Realty Investors Inc. | 3,468 | 151 |
*,1 | Offerpad Solutions Inc. | 183,678 | 104 |
* | American Realty Investors Inc. | 3,857 | 91 |
427,179 | |||
Technology (10.9%) | |||
* | Silicon Laboratories Inc. | 89,509 | 15,980 |
* | Novanta Inc. | 96,280 | 15,107 |
* | SPS Commerce Inc. | 98,220 | 14,796 |
* | Tenable Holdings Inc. | 303,161 | 13,409 |
* | Rambus Inc. | 289,375 | 12,799 |
* | Synaptics Inc. | 107,622 | 12,657 |
Power Integrations Inc. | 153,617 | 12,635 | |
* | Box Inc. Class A | 378,560 | 12,625 |
* | Qualys Inc. | 104,470 | 12,343 |
* | Super Micro Computer Inc. | 125,447 | 12,290 |
* | Fabrinet | 100,064 | 12,195 |
* | Workiva Inc. Class A | 129,203 | 11,525 |
* | Insight Enterprises Inc. | 85,020 | 11,386 |
* | Axcelis Technologies Inc. | 88,514 | 11,378 |
* | Onto Innovation Inc. | 134,364 | 11,081 |
* | Diodes Inc. | 120,599 | 11,058 |
* | Blackline Inc. | 149,687 | 10,233 |
* | Ziff Davis Inc. | 123,843 | 9,781 |
Advanced Energy Industries Inc. | 101,870 | 9,482 | |
* | MACOM Technology Solutions Holdings Inc. Class H | 136,926 | 9,385 |
* | Sanmina Corp. | 154,487 | 9,340 |
* | Ambarella Inc. | 98,779 | 9,316 |
* | Envestnet Inc. | 148,898 | 9,308 |
* | Altair Engineering Inc. Class A | 140,925 | 9,028 |
Kulicke & Soffa Industries Inc. | 154,707 | 8,246 | |
* | Varonis Systems Inc. Class B | 295,426 | 8,000 |
* | Sprout Social Inc. Class A | 126,890 | 7,738 |
* | Impinj Inc. | 58,180 | 7,716 |
* | Rapid7 Inc. | 159,836 | 7,560 |
* | Rogers Corp. | 50,891 | 7,491 |
Vishay Intertechnology Inc. | 351,943 | 7,472 | |
* | Plexus Corp. | 74,401 | 7,134 |
* | CommVault Systems Inc. | 120,629 | 7,103 |
Amkor Technology Inc. | 275,018 | 7,084 | |
* | Blackbaud Inc. | 125,900 | 7,011 |
* | PagerDuty Inc. | 234,083 | 6,990 |
* | Appfolio Inc. Class A | 52,581 | 6,944 |
* | MaxLinear Inc. | 196,859 | 6,735 |
*,1 | MicroStrategy Inc. Class A | 25,518 | 6,693 |
Progress Software Corp. | 116,342 | 6,683 | |
* | Alarm.com Holdings Inc. | 130,453 | 6,631 |
* | Perficient Inc. | 92,665 | 6,561 |
* | Verint Systems Inc. | 172,539 | 6,449 |
* | FormFactor Inc. | 208,674 | 6,281 |
* | DigitalOcean Holdings Inc. | 188,839 | 6,039 |
* | Bumble Inc. Class A | 233,627 | 5,649 |
* | Yelp Inc. Class A | 183,178 | 5,499 |
* | Sitime Corp. | 44,002 | 5,463 |
Shares | Market Value• ($000) | ||
* | NetScout Systems Inc. | 186,972 | 5,317 |
* | Semtech Corp. | 171,353 | 5,279 |
Clear Secure Inc. Class A | 168,554 | 5,181 | |
Xerox Holdings Corp. | 310,575 | 5,121 | |
* | Q2 Holdings Inc. | 151,699 | 4,897 |
Shutterstock Inc. | 64,889 | 4,881 | |
* | Veradigm Inc. | 291,797 | 4,847 |
Methode Electronics Inc. | 98,292 | 4,790 | |
* | Cohu Inc. | 127,597 | 4,747 |
CSG Systems International Inc. | 84,266 | 4,736 | |
* | Cargurus Inc. | 277,074 | 4,724 |
* | Appian Corp. Class A | 108,642 | 4,503 |
* | Agilysys Inc. | 53,696 | 4,291 |
* | Fastly Inc. Class A | 307,320 | 4,269 |
* | LiveRamp Holdings Inc. | 179,003 | 4,230 |
* | Parsons Corp. | 91,219 | 4,108 |
* | Magnite Inc. | 359,090 | 3,997 |
* | Duck Creek Technologies Inc. | 209,679 | 3,971 |
* | Ultra Clean Holdings Inc. | 122,595 | 3,906 |
* | ePlus Inc. | 71,825 | 3,891 |
* | Upwork Inc. | 329,827 | 3,740 |
* | Sumo Logic Inc. | 314,439 | 3,732 |
CTS Corp. | 85,929 | 3,722 | |
* | TTM Technologies Inc. | 275,082 | 3,656 |
*,1 | C3.ai Inc. Class A | 158,959 | 3,589 |
* | Everbridge Inc. | 108,306 | 3,539 |
* | E2open Parent Holdings Inc. | 541,135 | 3,355 |
* | 3D Systems Corp. | 342,564 | 3,354 |
* | Model N Inc. | 99,548 | 3,305 |
* | Zeta Global Holdings Corp. Class A | 300,868 | 3,192 |
* | Schrodinger Inc. | 146,143 | 3,176 |
* | PDF Solutions Inc. | 81,359 | 3,046 |
* | Asana Inc. Class A | 199,082 | 2,944 |
* | Veeco Instruments Inc. | 137,358 | 2,922 |
* | Cerence Inc. | 106,553 | 2,917 |
*,1 | indie Semiconductor Inc. | 276,772 | 2,895 |
* | PROS Holdings Inc. | 110,914 | 2,894 |
* | Photronics Inc. | 162,089 | 2,856 |
* | Zuora Inc. Class A | 336,905 | 2,854 |
*,1 | Xometry Inc. Class A | 92,414 | 2,810 |
* | Credo Technology Group Holding Ltd. | 261,917 | 2,779 |
Adeia Inc. | 281,243 | 2,773 | |
* | TechTarget Inc. | 73,287 | 2,765 |
* | Avid Technology Inc. | 94,520 | 2,747 |
* | Digital Turbine Inc. | 253,650 | 2,724 |
A10 Networks Inc. | 172,414 | 2,624 | |
* | Ichor Holdings Ltd. | 76,015 | 2,505 |
* | PAR Technology Corp. | 71,892 | 2,455 |
* | Momentive Global Inc. | 353,473 | 2,439 |
* | Yext Inc. | 308,154 | 2,262 |
Benchmark Electronics Inc. | 94,781 | 2,255 | |
* | N-Able Inc. | 185,196 | 2,193 |
* | SMART Global Holdings Inc. | 130,110 | 2,173 |
* | ScanSource Inc. | 68,182 | 2,126 |
*,1 | ForgeRock Inc. Class A | 103,546 | 2,116 |
* | Consensus Cloud Solutions Inc. | 50,882 | 2,088 |
* | EngageSmart Inc. | 96,419 | 2,029 |
* | Amplitude Inc. Class A | 151,627 | 2,001 |
* | Planet Labs PBC | 422,872 | 1,949 |
Shares | Market Value• ($000) | ||
* | CEVA Inc. | 61,691 | 1,947 |
* | Olo Inc. Class A | 244,452 | 1,938 |
* | Squarespace Inc. Class A | 82,516 | 1,932 |
* | LivePerson Inc. | 190,654 | 1,929 |
* | Eventbrite Inc. Class A | 212,965 | 1,866 |
* | Matterport Inc. | 606,598 | 1,850 |
Sapiens International Corp. NV | 87,145 | 1,797 | |
* | PubMatic Inc. Class A | 117,790 | 1,788 |
*,1 | AvePoint Inc. | 354,524 | 1,773 |
* | Grid Dynamics Holdings Inc. | 144,891 | 1,688 |
* | BigCommerce Holdings Inc. Series 1 | 175,890 | 1,674 |
* | Kimball Electronics Inc. | 64,834 | 1,621 |
Simulations Plus Inc. | 42,526 | 1,618 | |
* | Alpha & Omega Semiconductor Ltd. | 59,791 | 1,597 |
* | Intapp Inc. | 38,953 | 1,542 |
* | IonQ Inc. | 321,123 | 1,522 |
* | Alkami Technology Inc. | 97,690 | 1,501 |
* | Vimeo Inc. | 387,988 | 1,486 |
* | NerdWallet Inc. Class A | 70,717 | 1,460 |
* | OneSpan Inc. | 106,957 | 1,446 |
* | nLight Inc. | 121,414 | 1,372 |
Hackett Group Inc. | 73,295 | 1,366 | |
* | ACM Research Inc. Class A | 129,513 | 1,344 |
PC Connection Inc. | 30,491 | 1,335 | |
* | Domo Inc. Class B | 84,000 | 1,291 |
Ebix Inc. | 71,695 | 1,246 | |
* | Couchbase Inc. | 76,607 | 1,246 |
American Software Inc. Class A | 85,640 | 1,160 | |
*,1 | MicroVision Inc. | 450,357 | 1,153 |
* | SolarWinds Corp. | 132,101 | 1,125 |
* | ON24 Inc. | 112,264 | 1,082 |
* | Mitek Systems Inc. | 114,830 | 1,068 |
* | Ouster Inc. | 850,854 | 1,021 |
* | Mediaalpha Inc. Class A | 66,414 | 1,006 |
* | Bandwidth Inc. Class A | 63,127 | 1,004 |
* | MeridianLink Inc. | 62,705 | 988 |
*,1 | Nutex Health Inc. | 682,346 | 935 |
* | Unisys Corp. | 181,839 | 906 |
* | Cvent Holding Corp. | 122,375 | 888 |
* | SmartRent Inc. | 328,204 | 850 |
*,1 | Blend Labs Inc. Class A | 510,443 | 806 |
* | Enfusion Inc. Class A | 72,077 | 773 |
* | Digimarc Corp. | 37,148 | 757 |
* | EverQuote Inc. Class A | 54,302 | 741 |
* | Diebold Nixdorf Inc. | 200,344 | 645 |
* | EverCommerce Inc. | 64,429 | 644 |
* | Tucows Inc. Class A | 26,705 | 617 |
*,1 | Veritone Inc. | 85,322 | 605 |
* | Brightcove Inc. | 112,497 | 604 |
* | Rimini Street Inc. | 133,536 | 572 |
* | Telos Corp. | 144,055 | 557 |
*,1 | Porch Group Inc. | 222,907 | 557 |
* | TrueCar Inc. | 234,960 | 547 |
*,1 | Vivid Seats Inc. Class A | 70,409 | 540 |
*,1 | Red Violet Inc. | 26,094 | 532 |
* | Skillz Inc. Class A | 848,987 | 531 |
*,1 | NextNav Inc. | 184,087 | 508 |
* | AXT Inc. | 110,957 | 485 |
*,1 | Applied Digital Corp. | 180,751 | 479 |
* | Aeva Technologies Inc. | 265,458 | 475 |
* | Upland Software Inc. | 79,849 | 462 |
Shares | Market Value• ($000) | ||
* | Edgio Inc. | 368,890 | 454 |
* | eGain Corp. | 57,482 | 449 |
*,1 | Weave Communications Inc. | 86,352 | 446 |
* | Groupon Inc. Class A | 58,653 | 440 |
* | Identiv Inc. | 59,811 | 420 |
* | SkyWater Technology Inc. | 30,969 | 407 |
*,1 | Atomera Inc. | 56,376 | 374 |
* | Rackspace Technology Inc. | 154,604 | 363 |
* | Innovid Corp. | 203,667 | 344 |
*,1 | Cleanspark Inc. | 121,205 | 335 |
* | 1stdibs.com Inc. | 63,054 | 320 |
* | Arteris Inc. | 48,744 | 320 |
*,1 | Vinco Ventures Inc. | 633,255 | 310 |
* | Arena Group Holdings Inc. | 31,623 | 249 |
* | Transphorm Inc. | 60,647 | 229 |
*,1 | Cyxtera Technologies Inc. | 98,061 | 220 |
* | WM Technology Inc. | 198,174 | 219 |
* | SecureWorks Corp. Class A | 26,905 | 204 |
*,1 | KORE Group Holdings Inc. | 112,312 | 193 |
*,1 | Beachbody Co. Inc. | 283,167 | 183 |
* | Viant Technology Inc. Class A | 39,877 | 157 |
*,1 | Cipher Mining Inc. | 101,622 | 154 |
*,1 | Adtheorent Holdings Co. Inc. | 96,773 | 147 |
*,1 | LiveVox Holdings Inc. | 62,109 | 142 |
*,1 | Wejo Group Ltd. | 153,307 | 101 |
* | Loyalty Ventures Inc. | 52,141 | 92 |
*,1 | IronNet Inc. | 175,439 | 84 |
*,1 | Leafly Holdings Inc. | 81,574 | 44 |
* | Terawulf Inc. | 55,838 | 36 |
*,1 | Greenidge Generation Holdings Inc. | 33,452 | 17 |
* | Cryptyde Inc. | 47,977 | 8 |
* | Rockley Photonics Holdings Ltd. | 972 | — |
721,755 | |||
Telecommunications (1.7%) | |||
* | Iridium Communications Inc. | 338,874 | 20,797 |
* | Calix Inc. | 155,898 | 7,974 |
Cogent Communications Holdings Inc. | 116,405 | 7,536 | |
* | Viavi Solutions Inc. | 616,135 | 6,740 |
* | Extreme Networks Inc. | 347,732 | 6,510 |
InterDigital Inc. | 80,403 | 5,869 | |
* | CommScope Holding Co. Inc. | 556,249 | 4,027 |
*,1 | Infinera Corp. | 523,569 | 3,702 |
Adtran Holdings Inc. | 207,855 | 3,627 | |
* | Liberty Latin America Ltd. Class C | 397,794 | 3,493 |
Telephone and Data Systems Inc. | 272,792 | 3,462 | |
* | Harmonic Inc. | 249,835 | 3,295 |
* | Digi International Inc. | 92,439 | 3,085 |
Shenandoah Telecommunications Co. | 131,401 | 2,565 | |
* | Globalstar Inc. | 1,852,456 | 2,371 |
* | Gogo Inc. | 133,726 | 2,201 |
* | Clearfield Inc. | 31,353 | 1,966 |
Shares | Market Value• ($000) | ||
* | EchoStar Corp. Class A | 91,431 | 1,825 |
*,1 | Lightwave Logic Inc. | 306,312 | 1,807 |
* | 8x8 Inc. | 301,882 | 1,606 |
* | WideOpenWest Inc. | 144,831 | 1,583 |
* | Anterix Inc. | 49,639 | 1,499 |
* | NETGEAR Inc. | 77,017 | 1,394 |
* | Xperi Inc. | 114,132 | 1,334 |
* | IDT Corp. Class B | 41,811 | 1,271 |
ATN International Inc. | 29,731 | 1,250 | |
Comtech Telecommunications Corp. | 69,802 | 1,116 | |
* | Aviat Networks Inc. | 30,194 | 1,073 |
*,1 | fuboTV Inc. | 511,756 | 977 |
* | United States Cellular Corp. | 40,113 | 968 |
* | Liberty Latin America Ltd. Class A | 101,873 | 899 |
* | Ribbon Communications Inc. | 196,592 | 877 |
* | Ooma Inc. | 61,920 | 811 |
* | Cambium Networks Corp. | 30,811 | 618 |
* | Consolidated Communications Holdings Inc. | 201,947 | 612 |
* | Akoustis Technologies Inc. | 143,423 | 536 |
* | DZS Inc. | 47,832 | 507 |
* | Charge Enterprises Inc. | 351,738 | 397 |
* | Casa Systems Inc. | 95,800 | 347 |
*,1 | Inseego Corp. | 230,690 | 207 |
*,1 | Kaleyra Inc. | 90,481 | 77 |
112,811 | |||
Utilities (3.5%) | |||
* | Evoqua Water Technologies Corp. | 318,900 | 15,486 |
New Jersey Resources Corp. | 260,652 | 13,301 | |
ONE Gas Inc. | 145,824 | 11,689 | |
Portland General Electric Co. | 242,446 | 11,589 | |
Brookfield Infrastructure Corp. Class A (XTSE) | 265,151 | 11,457 | |
Southwest Gas Holdings Inc. | 181,617 | 11,444 | |
PNM Resources Inc. | 230,944 | 11,316 | |
Ormat Technologies Inc. (XNYS) | 133,098 | 11,249 | |
Black Hills Corp. | 176,016 | 10,809 | |
* | Casella Waste Systems Inc. Class A | 135,274 | 10,527 |
Spire Inc. | 138,228 | 9,731 | |
ALLETE Inc. | 155,338 | 9,505 | |
NorthWestern Corp. | 157,182 | 9,082 | |
American States Water Co. | 100,057 | 8,935 | |
California Water Service Group | 147,194 | 8,425 | |
Avista Corp. | 200,053 | 8,226 | |
MGE Energy Inc. | 98,556 | 6,976 | |
Clearway Energy Inc. Class C | 220,855 | 6,937 | |
Chesapeake Utilities Corp. | 47,129 | 6,037 | |
SJW Group | 73,125 | 5,590 | |
*,1 | Sunnova Energy International Inc. | 269,520 | 4,792 |
Northwest Natural Holding Co. | 94,151 | 4,551 |
Shares | Market Value• ($000) | ||
Middlesex Water Co. | 47,238 | 3,614 | |
Clearway Energy Inc. Class A | 95,819 | 2,847 | |
Unitil Corp. | 43,087 | 2,341 | |
*,1 | Li-Cycle Holdings Corp. | 371,979 | 2,254 |
* | Harsco Corp. | 212,376 | 1,797 |
York Water Co. | 38,621 | 1,679 | |
* | Heritage-Crystal Clean Inc. | 42,665 | 1,535 |
*,1 | Vertex Energy Inc. | 147,037 | 1,392 |
Artesian Resources Corp. Class A | 22,109 | 1,245 | |
Excelerate Energy Inc. Class A | 50,266 | 1,086 | |
*,1 | NuScale Power Corp. | 84,528 | 875 |
Aris Water Solution Inc. Class A | 59,085 | 837 | |
* | Altus Power Inc. | 118,130 | 800 |
Global Water Resources Inc. | 36,342 | 480 | |
* | Pure Cycle Corp. | 52,077 | 460 |
Via Renewables Inc. Class A | 33,229 | 195 | |
231,091 | |||
Total Common Stocks (Cost $7,661,330) | 6,602,260 | ||
Temporary Cash Investments (2.7%) | |||
Money Market Fund (2.7%) | |||
4,5 | Vanguard Market Liquidity Fund, 4.640% (Cost $180,995) | 1,810,528 | 181,034 |
Total Investments (102.3%) (Cost $7,842,325) | 6,783,294 | ||
Other Assets and Liabilities—Net (-2.3%) | (150,977) | ||
Net Assets (100%) | 6,632,317 | ||
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 $152,431,000. |
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 $168,937,000 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 2023 | 342 | 32,475 | (103) |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $7,661,330) | 6,602,260 |
Affiliated Issuers (Cost $180,995) | 181,034 |
Total Investments in Securities | 6,783,294 |
Investment in Vanguard | 236 |
Cash | 1,549 |
Cash Collateral Pledged—Futures Contracts | 1,053 |
Receivables for Investment Securities Sold | 10,180 |
Receivables for Accrued Income | 7,889 |
Receivables for Capital Shares Issued | 93 |
Variation Margin Receivable—Futures Contracts | 111 |
Total Assets | 6,804,405 |
Liabilities | |
Payables for Investment Securities Purchased | 2,676 |
Collateral for Securities on Loan | 168,937 |
Payables for Capital Shares Redeemed | 240 |
Payables to Vanguard | 235 |
Total Liabilities | 172,088 |
Net Assets | 6,632,317 |
1 Includes $152,431,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 8,409,735 |
Total Distributable Earnings (Loss) | (1,777,418) |
Net Assets | 6,632,317 |
ETF Shares—Net Assets | |
Applicable to 80,675,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 6,130,372 |
Net Asset Value Per Share—ETF Shares | $75.99 |
Institutional Shares—Net Assets | |
Applicable to 1,726,359 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 501,945 |
Net Asset Value Per Share—Institutional Shares | $290.75 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 42,510 |
Interest2 | 431 |
Securities Lending—Net | 5,066 |
Total Income | 48,007 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 73 |
Management and Administrative—ETF Shares | 1,970 |
Management and Administrative—Institutional Shares | 151 |
Marketing and Distribution—ETF Shares | 160 |
Marketing and Distribution—Institutional Shares | 10 |
Custodian Fees | 306 |
Shareholders’ Reports—ETF Shares | 245 |
Shareholders’ Reports—Institutional Shares | 2 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 8 |
Total Expenses | 2,926 |
Expenses Paid Indirectly | (8) |
Net Expenses | 2,918 |
Net Investment Income | 45,089 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 26,463 |
Futures Contracts | 449 |
Realized Net Gain (Loss) | 26,912 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 153,555 |
Futures Contracts | 181 |
Change in Unrealized Appreciation (Depreciation) | 153,736 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 225,737 |
1 | Dividends are net of foreign withholding taxes of $51,000. |
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 $405,000, $7,000, less than $1,000, and $20,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $58,363,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 45,089 | 86,559 | |
Realized Net Gain (Loss) | 26,912 | 330,884 | |
Change in Unrealized Appreciation (Depreciation) | 153,736 | (1,857,512) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 225,737 | (1,440,069) | |
Distributions | |||
ETF Shares | (51,736) | (79,883) | |
Institutional Shares | (4,759) | (7,288) | |
Total Distributions | (56,495) | (87,171) | |
Capital Share Transactions | |||
ETF Shares | 716,853 | 439,553 | |
Institutional Shares | 3,697 | (12,117) | |
Net Increase (Decrease) from Capital Share Transactions | 720,550 | 427,436 | |
Total Increase (Decrease) | 889,792 | (1,099,804) | |
Net Assets | |||
Beginning of Period | 5,742,525 | 6,842,329 | |
End of Period | 6,632,317 | 5,742,525 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 20211 | 20201 | 20191 | 20181 | ||
Net Asset Value, Beginning of Period | $74.02 | $91.28 | $62.69 | $59.88 | $69.56 | $56.11 |
Investment Operations | ||||||
Net Investment Income2 | .550 | 1.030 | .865 | .810 | .797 | .777 |
Net Realized and Unrealized Gain (Loss) on Investments | 2.121 | (17.254) | 28.550 | 2.815 | (9.704) | 13.423 |
Total from Investment Operations | 2.671 | (16.224) | 29.415 | 3.625 | (8.907) | 14.200 |
Distributions | ||||||
Dividends from Net Investment Income | (.701) | (1.036) | (.825) | (.815) | (.773) | (.750) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.701) | (1.036) | (.825) | (.815) | (.773) | (.750) |
Net Asset Value, End of Period | $75.99 | $74.02 | $91.28 | $62.69 | $59.88 | $69.56 |
Total Return | 3.69% | -17.88% | 47.15% | 6.12% | -12.83% | 25.49% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $6,130 | $5,255 | $6,223 | $1,802 | $1,464 | $1,715 |
Ratio of Total Expenses to Average Net Assets | 0.10%3 | 0.10%3 | 0.10% | 0.10% | 0.10% | 0.15% |
Ratio of Net Investment Income to Average Net Assets | 1.55% | 1.26% | 1.02% | 1.37% | 1.30% | 1.23% |
Portfolio Turnover Rate4 | 5% | 19% | 23% | 19% | 16% | 19% |
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 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $283.22 | $349.26 | $239.84 | $229.03 | $266.12 | $214.65 |
Investment Operations | ||||||
Net Investment Income1 | 2.148 | 4.063 | 3.360 | 3.208 | 3.078 | 3.129 |
Net Realized and Unrealized Gain (Loss) on Investments | 8.091 | (66.085) | 109.242 | 10.710 | (37.106) | 51.369 |
Total from Investment Operations | 10.239 | (62.022) | 112.602 | 13.918 | (34.028) | 54.498 |
Distributions | ||||||
Dividends from Net Investment Income | (2.709) | (4.018) | (3.182) | (3.108) | (3.062) | (3.028) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.709) | (4.018) | (3.182) | (3.108) | (3.062) | (3.028) |
Net Asset Value, End of Period | $290.75 | $283.22 | $349.26 | $239.84 | $229.03 | $266.12 |
Total Return | 3.70% | -17.88% | 47.19% | 6.15% | -12.83% | 25.58% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $502 | $487 | $619 | $630 | $859 | $982 |
Ratio of Total Expenses to Average Net Assets | 0.08%2 | 0.08%2 | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.58% | 1.29% | 1.08% | 1.41% | 1.32% | 1.30% |
Portfolio Turnover Rate3 | 5% | 19% | 23% | 19% | 16% | 19% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.08%. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended February 28, 2023, custodian fee offset arrangements reduced the fund’s expenses by $8,000 (an annual rate of less than 0.01% of average net assets). |
D. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 6,602,226 | — | 34 | 6,602,260 |
Temporary Cash Investments | 181,034 | — | — | 181,034 |
Total | 6,783,260 | — | 34 | 6,783,294 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 103 | — | — | 103 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
E. | As of February 28, 2023, 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 | 7,896,601 |
Gross Unrealized Appreciation | 572,951 |
Gross Unrealized Depreciation | (1,686,361) |
Net Unrealized Appreciation (Depreciation) | (1,113,410) |
F. | During the six months ended February 28, 2023, the fund purchased $1,366,022,000 of investment securities and sold $652,608,000 of investment securities, other than temporary cash investments. Purchases and sales include $1,073,595,000 and $360,953,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,078,304 | 14,700 | 3,768,327 | 46,000 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (361,451) | (5,025) | (3,328,774) | (43,175) | |
Net Increase (Decrease)—ETF Shares | 716,853 | 9,675 | 439,553 | 2,825 | |
Institutional Shares | |||||
Issued | 100,760 | 357 | 137,297 | 417 | |
Issued in Lieu of Cash Distributions | 4,493 | 17 | 6,909 | 22 | |
Redeemed | (101,556) | (368) | (156,323) | (492) | |
Net Increase (Decrease)—Institutional Shares | 3,697 | 6 | (12,117) | (53) |
H. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Basic Materials | 4.2% |
Consumer Discretionary | 13.9 |
Consumer Staples | 2.6 |
Energy | 5.5 |
Financials | 27.8 |
Health Care | 9.6 |
Industrials | 14.8 |
Real Estate | 10.9 |
Technology | 4.8 |
Telecommunications | 1.2 |
Utilities | 4.7 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Basic Materials (4.1%) | |||
* | RBC Bearings Inc. | 21,766 | 5,002 |
Commercial Metals Co. | 86,314 | 4,467 | |
Hecla Mining Co. | 493,954 | 2,544 | |
* | Arconic Corp. | 90,629 | 2,396 |
Mueller Industries Inc. | 31,964 | 2,364 | |
Carpenter Technology Corp. | 42,674 | 2,062 | |
Boise Cascade Co. | 27,795 | 1,921 | |
Stepan Co. | 17,109 | 1,781 | |
Minerals Technologies Inc. | 28,936 | 1,758 | |
Worthington Industries Inc. | 28,096 | 1,698 | |
Tronox Holdings plc Class A | 104,145 | 1,625 | |
Mativ Holdings Inc. | 45,154 | 1,170 | |
Avient Corp. | 21,424 | 935 | |
* | Perimeter Solutions SA | 104,008 | 890 |
* | Constellium SE Class A | 52,373 | 838 |
Quaker Chemical Corp. | 4,084 | 800 | |
* | Coeur Mining Inc. | 246,530 | 769 |
* | TimkenSteel Corp. | 39,419 | 721 |
* | Piedmont Lithium Inc. | 11,090 | 720 |
* | US Silica Holdings Inc. | 55,710 | 676 |
Schnitzer Steel Industries Inc. Class A | 20,639 | 675 | |
AdvanSix Inc. | 15,805 | ��� 650 | |
* | Ecovyst Inc. | 64,572 | 648 |
Koppers Holdings Inc. | 18,002 | 646 | |
Haynes International Inc. | 10,812 | 592 | |
Ryerson Holding Corp. | 16,271 | 585 | |
* | Clearwater Paper Corp. | 14,884 | 574 |
UFP Industries Inc. | 6,570 | 562 | |
Olympic Steel Inc. | 8,653 | 454 | |
* | Rayonier Advanced Materials Inc. | 54,891 | 450 |
Innospec Inc. | 3,381 | 370 | |
* | Intrepid Potash Inc. | 9,887 | 313 |
Tredegar Corp. | 24,302 | 282 | |
Hawkins Inc. | 6,706 | 273 | |
* | Northwest Pipe Co. | 6,984 | 269 |
FutureFuel Corp. | 22,591 | 198 | |
*,1 | Amyris Inc. | 154,012 | 193 |
* | Alto Ingredients Inc. | 64,224 | 188 |
* | Origin Materials Inc. | 35,296 | 169 |
* | Energy Fuels Inc. | 23,995 | 161 |
Sensient Technologies Corp. | 2,124 | 160 | |
Glatfelter Corp. | 38,892 | 149 | |
Materion Corp. | 1,175 | 131 | |
* | Unifi Inc. | 12,385 | 128 |
* | Ivanhoe Electric Inc. | 6,440 | 97 |
Shares | Market Value• ($000) | ||
Sylvamo Corp. | 1,912 | 94 | |
American Vanguard Corp. | 3,230 | 67 | |
* | Polymet Mining Corp. | 26,132 | 65 |
* | Novagold Resources Inc. | 10,911 | 61 |
Valhi Inc. | 2,090 | 50 | |
* | Ur-Energy Inc. | 17,664 | 19 |
*,1 | Hycroft Mining Holding Corp. | 21,107 | 8 |
44,418 | |||
Consumer Discretionary (13.9%) | |||
* | Light & Wonder Inc. | 84,230 | 5,274 |
Academy Sports & Outdoors Inc. | 69,075 | 4,086 | |
* | Adient plc | 84,395 | 3,605 |
TEGNA Inc. | 198,237 | 3,449 | |
* | Meritage Homes Corp. | 30,213 | 3,300 |
* | Asbury Automotive Group Inc. | 14,012 | 3,182 |
Foot Locker Inc. | 71,866 | 3,142 | |
Signet Jewelers Ltd. | 40,880 | 2,928 | |
* | Taylor Morrison Home Corp. Class A | 81,615 | 2,924 |
* | Topgolf Callaway Brands Corp. | 124,283 | 2,881 |
* | Goodyear Tire & Rubber Co. | 250,980 | 2,851 |
Group 1 Automotive Inc. | 12,586 | 2,782 | |
* | National Vision Holdings Inc. | 65,834 | 2,460 |
Rush Enterprises Inc. Class A | 38,485 | 2,181 | |
* | frontdoor Inc. | 73,806 | 2,085 |
Graham Holdings Co. Class B | 3,286 | 2,059 | |
KB Home | 56,522 | 1,994 | |
American Eagle Outfitters Inc. | 137,008 | 1,969 | |
* | Tri Pointe Homes Inc. | 82,508 | 1,967 |
Dana Inc. | 114,978 | 1,821 | |
International Game Technology plc | 67,669 | 1,797 | |
* | LGI Homes Inc. | 17,052 | 1,779 |
Spirit Airlines Inc. | 96,882 | 1,775 | |
Strategic Education Inc. | 20,247 | 1,726 | |
Winnebago Industries Inc. | 26,589 | 1,690 | |
MillerKnoll Inc. | 67,707 | 1,616 | |
* | ODP Corp. | 35,685 | 1,616 |
* | Adtalem Global Education Inc. | 40,086 | 1,568 |
* | Urban Outfitters Inc. | 56,784 | 1,530 |
* | Vista Outdoor Inc. | 49,924 | 1,426 |
Laureate Education Inc. | 119,581 | 1,418 | |
* | Madison Square Garden Entertainment Corp. | 23,217 | 1,405 |
Shares | Market Value• ($000) | ||
Century Communities Inc. | 23,471 | 1,404 | |
Monro Inc. | 27,838 | 1,404 | |
MDC Holdings Inc. | 37,921 | 1,403 | |
* | KAR Auction Services Inc. | 96,720 | 1,382 |
* | Knowles Corp. | 79,803 | 1,355 |
* | Abercrombie & Fitch Co. Class A | 43,516 | 1,280 |
Jack in the Box Inc. | 16,232 | 1,273 | |
La-Z-Boy Inc. | 38,231 | 1,238 | |
Scholastic Corp. | 26,570 | 1,212 | |
* | M/I Homes Inc. | 20,569 | 1,190 |
* | Sabre Corp. | 229,808 | 1,163 |
* | SeaWorld Entertainment Inc. | 17,751 | 1,147 |
Red Rock Resorts Inc. Class A | 24,740 | 1,080 | |
Acushnet Holdings Corp. | 21,322 | 1,029 | |
Matthews International Corp. Class A | 26,714 | 1,019 | |
* | Lions Gate Entertainment Corp. Class B | 101,889 | 1,014 |
* | Cars.com Inc. | 51,131 | 982 |
* | TravelCenters of America Inc. | 11,255 | 949 |
* | PROG Holdings Inc. | 37,276 | 921 |
* | Central Garden & Pet Co. Class A | 23,903 | 919 |
Sonic Automotive Inc. Class A | 15,923 | 906 | |
* | SkyWest Inc. | 44,773 | 854 |
* | Clean Energy Fuels Corp. | 151,137 | 846 |
* | American Axle & Manufacturing Holdings Inc. | 94,679 | 833 |
* | Perdoceo Education Corp. | 60,235 | 830 |
* | Allegiant Travel Co. | 7,906 | 811 |
* | iHeartMedia Inc. Class A | 108,072 | 785 |
* | Overstock.com Inc. | 37,710 | 730 |
Winmark Corp. | 2,501 | 730 | |
* | QuinStreet Inc. | 42,344 | 719 |
Standard Motor Products Inc. | 18,101 | 705 | |
Papa John's International Inc. | 8,079 | 678 | |
* | Life Time Group Holdings Inc. | 37,224 | 673 |
* | Everi Holdings Inc. | 34,955 | 664 |
* | Qurate Retail Inc. Series A | 310,787 | 656 |
* | EW Scripps Co. Class A | 51,989 | 656 |
* | ACV Auctions Inc. Class A | 53,627 | 656 |
* | BJ's Restaurants Inc. | 20,108 | 643 |
* | G-III Apparel Group Ltd. | 38,230 | 635 |
*,1 | Bally's Corp. | 31,492 | 622 |
Steelcase Inc. Class A | 77,472 | 610 | |
1 | Krispy Kreme Inc. | 46,642 | 607 |
* | 2U Inc. | 67,589 | 606 |
* | PowerSchool Holdings Inc. Class A | 26,309 | 604 |
* | AMC Networks Inc. Class A | 26,963 | 603 |
Ethan Allen Interiors Inc. | 20,092 | 594 | |
* | GoPro Inc. Class A | 114,283 | 593 |
* | MarineMax Inc. | 17,336 | 582 |
* | Clear Channel Outdoor Holdings Inc. | 327,435 | 580 |
* | Chuy's Holdings Inc. | 16,070 | 575 |
PriceSmart Inc. | 8,085 | 564 | |
* | Lions Gate Entertainment Corp. Class A | 52,786 | 560 |
Bloomin' Brands Inc. | 21,315 | 556 | |
* | Green Brick Partners Inc. | 17,631 | 550 |
1 | Ermenegildo Zegna NV | 41,225 | 537 |
* | Hawaiian Holdings Inc. | 45,991 | 515 |
* | Genesco Inc. | 11,151 | 501 |
Shares | Market Value• ($000) | ||
Haverty Furniture Cos. Inc. | 13,026 | 492 | |
Oxford Industries Inc. | 4,154 | 489 | |
Gray Television Inc. | 41,044 | 480 | |
Movado Group Inc. | 13,783 | 477 | |
* | Stoneridge Inc. | 20,017 | 477 |
A-Mark Precious Metals Inc. | 16,247 | 476 | |
* | Viad Corp. | 18,149 | 467 |
* | America's Car-Mart Inc. | 5,225 | 444 |
* | Boston Omaha Corp. Class A | 18,043 | 435 |
* | Sleep Number Corp. | 10,636 | 424 |
* | Stagwell Inc. | 61,395 | 421 |
Smith & Wesson Brands Inc. | 38,122 | 417 | |
* | Thryv Holdings Inc. | 17,246 | 411 |
Shoe Carnival Inc. | 15,333 | 404 | |
* | Bowlero Corp. | 25,899 | 398 |
Aaron's Co. Inc. | 27,308 | 392 | |
* | Beazer Homes USA Inc. | 26,117 | 389 |
* | Gannett Co. Inc. | 127,386 | 386 |
Big Lots Inc. | 25,190 | 361 | |
* | Instructure Holdings Inc. | 13,404 | 345 |
Marcus Corp. | 21,364 | 344 | |
* | Zumiez Inc. | 14,549 | 338 |
* | Daily Journal Corp. | 1,054 | 320 |
* | Imax Corp. | 17,139 | 316 |
Johnson Outdoors Inc. Class A | 4,861 | 315 | |
Bluegreen Vacations Holding Class A | 9,262 | 307 | |
* | Sportsman's Warehouse Holdings Inc. | 33,868 | 304 |
* | Selectquote Inc. | 121,570 | 284 |
* | Xponential Fitness Inc. Class A | 11,054 | 281 |
Alta Equipment Group Inc. | 14,908 | 280 | |
* | Cinemark Holdings Inc. | 20,321 | 277 |
* | Corsair Gaming Inc. | 15,468 | 271 |
* | Quotient Technology Inc. | 70,224 | 265 |
* | ContextLogic Inc. Class A | 534,549 | 260 |
* | OneWater Marine Inc. Class A | 9,327 | 259 |
Rush Enterprises Inc. Class B | 4,308 | 258 | |
* | Integral Ad Science Holding Corp. | 22,698 | 248 |
* | Lindblad Expeditions Holdings Inc. | 28,076 | 241 |
* | 1-800-Flowers.com Inc. Class A | 23,815 | 236 |
Kimball International Inc. Class B | 33,405 | 231 | |
* | Motorcar Parts of America Inc. | 16,833 | 220 |
* | Stitch Fix Inc. Class A | 46,298 | 216 |
* | Full House Resorts Inc. | 21,683 | 210 |
El Pollo Loco Holdings Inc. | 17,228 | 206 | |
* | Purple Innovation Inc. Class A | 45,809 | 198 |
* | Citi Trends Inc. | 6,794 | 191 |
* | Central Garden & Pet Co. | 4,660 | 189 |
* | Snap One Holdings Corp. | 16,019 | 187 |
* | American Public Education Inc. | 16,240 | 179 |
* | Fossil Group Inc. | 41,077 | 178 |
* | Allbirds Inc. Class A | 62,120 | 178 |
* | WW International Inc. | 48,077 | 176 |
* | Chico's FAS Inc. | 30,450 | 175 |
* | Eastman Kodak Co. | 49,033 | 170 |
* | Tilly's Inc. Class A | 19,640 | 170 |
Shares | Market Value• ($000) | ||
1 | Big 5 Sporting Goods Corp. | 18,770 | 166 |
Hibbett Inc. | 2,313 | 166 | |
* | Children's Place Inc. | 3,945 | 165 |
*,1 | Lordstown Motors Corp. Class A | 158,753 | 165 |
* | Denny's Corp. | 13,956 | 163 |
* | Tupperware Brands Corp. | 38,596 | 158 |
* | Wheels Up Experience Inc. | 141,878 | 157 |
* | Tile Shop Holdings Inc. | 28,477 | 155 |
Rocky Brands Inc. | 5,713 | 152 | |
* | Outbrain Inc. | 34,310 | 152 |
* | Legacy Housing Corp. | 7,573 | 151 |
* | Figs Inc. Class A | 16,277 | 150 |
* | Cardlytics Inc. | 27,426 | 149 |
*,1 | AMMO Inc. | 76,311 | 149 |
* | Brinker International Inc. | 3,862 | 147 |
Cato Corp. Class A | 15,668 | 145 | |
* | Destination XL Group Inc. | 24,207 | 145 |
*,1 | Vacasa Inc. | 99,219 | 144 |
*,1 | BARK Inc. | 102,522 | 138 |
* | First Watch Restaurant Group Inc. | 9,063 | 138 |
Weyco Group Inc. | 5,128 | 136 | |
* | Liquidity Services Inc. | 10,625 | 135 |
* | Universal Electronics Inc. | 10,499 | 134 |
* | Playstudios Inc. | 34,275 | 128 |
* | Container Store Group Inc. | 28,878 | 126 |
* | LL Flooring Holdings Inc. | 24,895 | 126 |
Dine Brands Global Inc. | 1,600 | 123 | |
* | Biglari Holdings Inc. Class B | 660 | 119 |
* | iRobot Corp. | 2,905 | 119 |
Superior Group of Cos. Inc. | 10,166 | 118 | |
* | Traeger Inc. | 29,441 | 117 |
Designer Brands Inc. Class A | 11,794 | 115 | |
John Wiley & Sons Inc. Class A | 2,504 | 111 | |
Entravision Communications Corp. Class A | 16,624 | 109 | |
* | Sally Beauty Holdings Inc. | 6,554 | 105 |
* | Lands' End Inc. | 13,063 | 99 |
* | Conn's Inc. | 11,132 | 95 |
* | Inspired Entertainment Inc. | 6,011 | 95 |
* | RealReal Inc. | 67,563 | 91 |
Lifetime Brands Inc. | 11,308 | 90 | |
Sturm Ruger & Co. Inc. | 1,525 | 89 | |
* | Cumulus Media Inc. Class A | 15,802 | 86 |
Global Industrial Co. | 3,050 | 86 | |
*,1 | Cenntro Electric Group Ltd. | 157,640 | 85 |
Interface Inc. Class A | 9,488 | 84 | |
*,1 | RumbleON Inc. Class B | 9,010 | 82 |
Buckle Inc. | 1,926 | 79 | |
* | Solo Brands Inc. Class A | 18,813 | 78 |
* | Build-A-Bear Workshop Inc. | 3,333 | 70 |
* | ThredUP Inc. Class A | 42,721 | 68 |
* | Urban One Inc. | 12,748 | 64 |
* | Aterian Inc. | 52,085 | 63 |
*,1 | Faraday Future Intelligent Electric Inc. | 115,382 | 61 |
*,1 | Express Inc. | 55,007 | 56 |
* | Landsea Homes Corp. | 8,184 | 53 |
NL Industries Inc. | 7,155 | 52 | |
RCI Hospitality Holdings Inc. | 580 | 49 | |
Franchise Group Inc. | 1,575 | 44 | |
Clarus Corp. | 3,945 | 39 | |
* | Century Casinos Inc. | 4,141 | 38 |
* | Duluth Holdings Inc. Class B | 5,920 | 36 |
JOANN Inc. | 9,430 | 34 |
Shares | Market Value• ($000) | ||
* | Urban One Inc. (XNCM) | 4,855 | 33 |
European Wax Center Inc. Class A | 1,714 | 32 | |
*,1 | Bird Global Inc. | 146,822 | 30 |
*,1 | Bed Bath & Beyond Inc. | 19,070 | 27 |
*,1 | Vuzix Corp. | 6,505 | 27 |
CompX International Inc. | 1,332 | 25 | |
* | Audacy Inc. Class A | 100,489 | 22 |
* | Turtle Beach Corp. | 2,623 | 21 |
* | Inspirato Inc. | 17,673 | 18 |
* | Rover Group Inc. Class A | 3,636 | 15 |
* | Torrid Holdings Inc. | 5,124 | 14 |
* | aka Brands Holding Corp. | 8,436 | 12 |
*,1 | Reservoir Media Inc. | 1,561 | 11 |
148,111 | |||
Consumer Staples (2.6%) | |||
* | Hostess Brands Inc. Class A | 118,873 | 2,936 |
* | TreeHouse Foods Inc. | 45,360 | 2,213 |
Primo Water Corp. | 140,611 | 2,177 | |
Edgewell Personal Care Co. | 45,986 | 1,964 | |
* | United Natural Foods Inc. | 48,234 | 1,964 |
Vector Group Ltd. | 109,720 | 1,456 | |
* | Hain Celestial Group Inc. | 79,857 | 1,424 |
Andersons Inc. | 28,481 | 1,300 | |
Ingles Markets Inc. Class A | 12,711 | 1,136 | |
Weis Markets Inc. | 14,700 | 1,124 | |
Universal Corp. | 21,602 | 1,093 | |
Nu Skin Enterprises Inc. Class A | 25,904 | 1,032 | |
Fresh Del Monte Produce Inc. | 27,324 | �� 855 | |
SpartanNash Co. | 31,096 | 832 | |
1 | B&G Foods Inc. | 63,365 | 803 |
* | Herbalife Nutrition Ltd. | 29,306 | 567 |
Lancaster Colony Corp. | 2,691 | 517 | |
ACCO Brands Corp. | 81,950 | 465 | |
* | Mission Produce Inc. | 31,538 | 363 |
* | Chefs' Warehouse Inc. | 8,973 | 292 |
John B Sanfilippo & Son Inc. | 3,140 | 282 | |
* | Seneca Foods Corp. Class A | 4,607 | 256 |
* | GrowGeneration Corp. | 51,277 | 217 |
* | Benson Hill Inc. | 75,725 | 169 |
Village Super Market Inc. Class A | 7,480 | 167 | |
* | Honest Co. Inc. | 56,290 | 157 |
Cal-Maine Foods Inc. | 2,633 | 149 | |
Alico Inc. | 5,515 | 142 | |
* | Lifecore Biomedical Inc. | 22,987 | 133 |
* | Sovos Brands Inc. | 10,088 | 132 |
* | Nature's Sunshine Products Inc. | 11,792 | 128 |
Utz Brands Inc. | 7,478 | 123 | |
*,1 | HF Foods Group Inc. | 31,302 | 121 |
* | Whole Earth Brands Inc. | 35,202 | 121 |
* | Beauty Health Co. | 9,468 | 119 |
*,1 | Rite Aid Corp. | 25,207 | 97 |
Tootsie Roll Industries Inc. | 2,017 | 89 | |
* | PLBY Group Inc. | 36,424 | 78 |
* | AppHarvest Inc. | 65,002 | 66 |
1 | PetMed Express Inc. | 3,170 | 59 |
* | SunOpta Inc. | 5,639 | 43 |
* | Vintage Wine Estates Inc. | 24,143 | 37 |
*,1 | Boxed Inc. | 49,479 | 30 |
Natural Grocers by Vitamin Cottage Inc. | 991 | 11 |
Shares | Market Value• ($000) | ||
*,1 | Tattooed Chef Inc. | 2,091 | 3 |
27,442 | |||
Energy (5.5%) | |||
Civitas Resources Inc. | 65,688 | 4,609 | |
Helmerich & Payne Inc. | 91,614 | 3,855 | |
PBF Energy Inc. Class A | 67,585 | 2,954 | |
Murphy Oil Corp. | 73,935 | 2,885 | |
* | Peabody Energy Corp. | 104,852 | 2,862 |
California Resources Corp. | 66,016 | 2,786 | |
Arcosa Inc. | 43,157 | 2,615 | |
* | Noble Corp. plc | 61,562 | 2,566 |
* | CNX Resources Corp. | 150,333 | 2,308 |
* | Tidewater Inc. | 41,551 | 2,029 |
Chord Energy Corp. | 15,045 | 2,025 | |
* | Golar LNG Ltd. | 84,996 | 1,940 |
Permian resources Corp. Class A | 161,096 | 1,741 | |
Equitrans Midstream Corp. | 279,623 | 1,686 | |
* | Green Plains Inc. | 48,050 | 1,666 |
Warrior Met Coal Inc. | 41,186 | 1,576 | |
* | Expro Group Holdings NV | 69,112 | 1,571 |
World Fuel Services Corp. | 54,489 | 1,496 | |
Archrock Inc. | 120,499 | 1,334 | |
* | NOW Inc. | 98,594 | 1,267 |
* | Diamond Offshore Drilling Inc. | 89,700 | 1,066 |
* | Helix Energy Solutions Group Inc. | 127,128 | 1,053 |
* | Dril-Quip Inc. | 30,031 | 1,029 |
Patterson-UTI Energy Inc. | 61,959 | 849 | |
SunCoke Energy Inc. | 74,029 | 704 | |
*,1 | Borr Drilling Ltd. | 96,948 | 701 |
* | ProPetro Holding Corp. | 78,504 | 692 |
* | Bristow Group Inc. | 20,688 | 564 |
Berry Corp. | 57,606 | 543 | |
* | Oil States International Inc. | 55,959 | 511 |
Select Energy Services Inc. Class A | 63,295 | 470 | |
* | REX American Resources Corp. | 14,092 | 465 |
* | Centrus Energy Corp. Class A | 9,492 | 425 |
1 | Kinetik Holdings Inc. Class A | 13,284 | 395 |
* | Newpark Resources Inc. | 76,312 | 338 |
*,1 | FuelCell Energy Inc. | 101,315 | 338 |
* | DMC Global Inc. | 12,552 | 336 |
*,1 | EVgo Inc. | 53,864 | 319 |
* | Gevo Inc. | 171,289 | 317 |
* | Callon Petroleum Co. | 7,372 | 286 |
Northern Oil and Gas Inc. | 8,830 | 274 | |
*,1 | Solid Power Inc. | 70,982 | 240 |
* | National Energy Services Reunited Corp. | 34,508 | 223 |
*,1 | ProFrac Holding Corp. Class A | 11,113 | 213 |
* | Oceaneering International Inc. | 8,576 | 179 |
* | Nabors Industries Ltd. (XNYS) | 1,016 | 153 |
NACCO Industries Inc. Class A | 3,567 | 133 | |
*,1 | Ring Energy Inc. | 52,957 | 111 |
Riley Exploration Permian Inc. | 3,369 | 103 | |
CONSOL Energy Inc. | 1,713 | 94 | |
*,1 | Aemetis Inc. | 25,857 | 92 |
* | Volta Inc. | 104,555 | 90 |
Shares | Market Value• ($000) | ||
* | W&T Offshore Inc. | 13,863 | 78 |
* | Amplify Energy Corp. | 6,940 | �� 58 |
* | Stem Inc. | 6,611 | 54 |
* | NextDecade Corp. | 4,412 | 31 |
* | NEXTracker Inc. Class A | 480 | 15 |
* | ESS Tech Inc. | 6,938 | 13 |
59,326 | |||
Financials (27.8%) | |||
SouthState Corp. | 66,773 | 5,387 | |
Selective Insurance Group Inc. | 53,018 | 5,383 | |
United Bankshares Inc. | 116,033 | 4,731 | |
Old National Bancorp | 260,603 | 4,605 | |
Valley National Bancorp | 384,310 | 4,450 | |
Glacier Bancorp Inc. | 86,286 | 4,088 | |
Cadence Bank | 152,168 | 4,042 | |
Essent Group Ltd. | 93,751 | 4,027 | |
Home BancShares Inc. | 167,020 | 4,025 | |
Hancock Whitney Corp. | 76,703 | 3,768 | |
UMB Financial Corp. | 39,178 | 3,552 | |
Independent Bank Corp. (XNGS) | 40,770 | 3,249 | |
Blackstone Mortgage Trust Inc. Class A | 151,397 | 3,205 | |
United Community Banks Inc. | 94,766 | 3,138 | |
Associated Banc-Corp. | 132,722 | 3,072 | |
Jackson Financial Inc. Class A | 66,648 | 3,024 | |
Radian Group Inc. | 140,016 | 2,989 | |
* | Texas Capital Bancshares Inc. | 44,526 | 2,949 |
Community Bank System Inc. | 47,470 | 2,898 | |
* | Mr Cooper Group Inc. | 61,736 | 2,866 |
CVB Financial Corp. | 118,745 | 2,842 | |
First Interstate BancSystem Inc. Class A | 79,639 | 2,830 | |
Ameris Bancorp | 58,785 | 2,814 | |
Cathay General Bancorp | 63,977 | 2,746 | |
* | Genworth Financial Inc. Class A | 440,813 | 2,746 |
WSFS Financial Corp. | 54,628 | 2,726 | |
Pacific Premier Bancorp Inc. | 83,728 | 2,714 | |
American Equity Investment Life Holding Co. | 63,166 | 2,631 | |
CNO Financial Group Inc. | 100,982 | 2,587 | |
Atlantic Union Bankshares Corp. | 66,588 | 2,494 | |
Fulton Financial Corp. | 144,555 | 2,486 | |
BankUnited Inc. | 69,459 | 2,460 | |
* | Enstar Group Ltd. | 10,010 | 2,448 |
Simmons First National Corp. Class A | 108,515 | 2,412 | |
Piper Sandler Cos. | 15,508 | 2,342 | |
International Bancshares Corp. | 47,682 | 2,314 | |
Arbor Realty Trust Inc. | 147,382 | 2,222 | |
* | Axos Financial Inc. | 46,137 | 2,186 |
First BanCorp (XNYS) | 150,341 | 2,181 | |
First Merchants Corp. | 51,016 | 2,088 | |
First Financial Bancorp | 83,049 | 2,046 | |
Washington Federal Inc. | 57,735 | 2,025 | |
Seacoast Banking Corp. of Florida | 64,306 | 1,962 | |
Banner Corp. | 30,498 | 1,921 | |
Independent Bank Group Inc. | 31,778 | 1,870 |
Shares | Market Value• ($000) | ||
WesBanco Inc. | 50,956 | 1,842 | |
Towne Bank | 60,152 | 1,824 | |
Heartland Financial USA Inc. | 36,646 | 1,812 | |
Renasant Corp. | 48,814 | 1,756 | |
Eastern Bankshares Inc. | 109,767 | 1,721 | |
Navient Corp. | 94,889 | 1,713 | |
Enterprise Financial Services Corp. | 31,419 | 1,711 | |
Park National Corp. | 12,773 | 1,632 | |
Trustmark Corp. | 54,629 | 1,606 | |
* | NMI Holdings Inc. Class A | 67,893 | 1,585 |
Provident Financial Services Inc. | 65,103 | 1,520 | |
NBT Bancorp Inc. | 37,163 | 1,508 | |
Bank of NT Butterfield & Son Ltd. | 41,675 | 1,507 | |
Northwest Bancshares Inc. | 108,363 | 1,498 | |
FirstCash Holdings Inc. | 16,837 | 1,486 | |
Hilltop Holdings Inc. | 44,435 | 1,474 | |
* | PRA Group Inc. | 34,342 | 1,462 |
Apollo Commercial Real Estate Finance Inc. | 125,608 | 1,443 | |
PennyMac Financial Services Inc. | 23,811 | 1,440 | |
* | Cannae Holdings Inc. | 62,672 | 1,415 |
* | StoneX Group Inc. | 13,974 | 1,409 |
TriCo Bancshares | 27,832 | 1,406 | |
BGC Partners Inc. Class A | 280,672 | 1,364 | |
Chimera Investment Corp. | 209,400 | 1,359 | |
Horace Mann Educators Corp. | 36,700 | 1,356 | |
* | Enova International Inc. | 27,474 | 1,339 |
First Commonwealth Financial Corp. | 83,231 | 1,333 | |
Hope Bancorp Inc. | 102,767 | 1,316 | |
First Bancorp (XNGS) | 31,297 | 1,298 | |
S&T Bancorp Inc. | 34,668 | 1,292 | |
City Holding Co. | 13,114 | 1,288 | |
Sandy Spring Bancorp Inc. | 39,035 | 1,286 | |
Two Harbors Investment Corp. | 76,925 | 1,275 | |
OFG Bancorp | 41,401 | 1,259 | |
Eagle Bancorp Inc. | 28,272 | 1,239 | |
OceanFirst Financial Corp. | 51,819 | 1,229 | |
Moelis & Co. Class A | 28,589 | 1,224 | |
Nelnet Inc. Class A | 13,015 | 1,222 | |
Compass Diversified Holdings | 55,351 | 1,205 | |
FB Financial Corp. | 31,795 | 1,198 | |
Virtus Investment Partners Inc. | 5,596 | 1,178 | |
Stellar Bancorp Inc. | 39,682 | 1,161 | |
Federal Agricultural Mortgage Corp. Class C | 8,084 | 1,147 | |
Claros Mortgage Trust Inc. | 82,004 | 1,143 | |
Ladder Capital Corp. Class A | 101,094 | 1,142 | |
Berkshire Hills Bancorp Inc. | 38,456 | 1,118 | |
First Busey Corp. | 46,135 | 1,114 | |
Veritex Holdings Inc. | 40,497 | 1,080 | |
Employers Holdings Inc. | 24,289 | 1,079 | |
* | Encore Capital Group Inc. | 20,723 | 1,071 |
Lakeland Bancorp Inc. | 55,630 | 1,071 | |
Southside Bancshares Inc. | 27,258 | 1,041 | |
Franklin BSP Realty Trust Inc. REIT | 74,256 | 1,040 | |
Safety Insurance Group Inc. | 12,701 | 1,025 | |
Stewart Information Services Corp. | 24,006 | 1,020 |
Shares | Market Value• ($000) | ||
MFA Financial Inc. REIT | 92,088 | 986 | |
Brookline Bancorp Inc. | 75,926 | 984 | |
National Bank Holdings Corp. Class A | 24,176 | 979 | |
Capitol Federal Financial Inc. | 115,035 | 965 | |
German American Bancorp Inc. | 24,555 | 965 | |
Westamerica BanCorp | 17,313 | 954 | |
ProAssurance Corp. | 47,642 | 948 | |
Pathward Financial Inc. | 18,568 | 947 | |
AMERISAFE Inc. | 17,058 | 930 | |
1 | Cowen Inc. Class A | 23,825 | 929 |
Tompkins Financial Corp. | 12,340 | 923 | |
* | MoneyGram International Inc. | 83,461 | 906 |
New York Mortgage Trust Inc. | 333,194 | 890 | |
Dime Community Bancshares Inc. | 29,019 | 889 | |
*,1 | Riot Platforms Inc. | 140,705 | 879 |
Heritage Financial Corp. | 30,689 | 855 | |
Preferred Bank | 11,858 | 835 | |
* | Customers Bancorp Inc. | 27,082 | 834 |
Banc of California Inc. | 47,109 | 827 | |
PennyMac Mortgage Investment Trust | 63,473 | 827 | |
* | LendingClub Corp. | 87,123 | 819 |
Argo Group International Holdings Ltd. | 28,201 | 819 | |
Mercury General Corp. | 23,843 | 812 | |
* | Triumph Financial Inc. | 13,250 | 806 |
ConnectOne Bancorp Inc. | 33,059 | 802 | |
James River Group Holdings Ltd. | 32,696 | 788 | |
Premier Financial Corp. | 31,730 | 788 | |
Redwood Trust Inc. | 101,957 | 776 | |
Peoples Bancorp Inc. | 24,879 | 774 | |
Origin Bancorp Inc. | 20,076 | 761 | |
QCR Holdings Inc. | 14,129 | 756 | |
*,1 | Marathon Digital Holdings Inc. | 105,043 | 746 |
Walker & Dunlop Inc. | 8,398 | 733 | |
KKR Real Estate Finance Trust Inc. | 50,506 | 732 | |
Univest Financial Corp. | 25,782 | 727 | |
Ready Capital Corp. | 63,922 | 720 | |
* | Nicolet Bankshares Inc. | 9,640 | 718 |
1st Source Corp. | 14,278 | 711 | |
Amerant Bancorp Inc. | 24,564 | 698 | |
*,1 | Lemonade Inc. | 42,604 | 694 |
* | Bancorp Inc. | 19,981 | 691 |
First Foundation Inc. | 45,225 | 682 | |
Ellington Financial Inc. | 50,923 | 655 | |
* | Ambac Financial Group Inc. | 39,342 | 651 |
1 | Enact Holdings Inc. | 26,647 | 646 |
Washington Trust Bancorp Inc. | 15,259 | 641 | |
ARMOUR Residential REIT Inc. | 116,521 | 633 | |
Hanmi Financial Corp. | 26,773 | 632 | |
TrustCo Bank Corp. NY | 16,807 | 630 | |
Heritage Commerce Corp. | 51,897 | 628 | |
BancFirst Corp. | 6,922 | 625 | |
Old Second Bancorp Inc. | 37,471 | 621 | |
Brightspire Capital Inc. Class A | 82,810 | 612 | |
Artisan Partners Asset Management Inc. Class A | 18,414 | 607 |
Shares | Market Value• ($000) | ||
* | Assetmark Financial Holdings Inc. | 19,163 | 600 |
* | Oscar Health Inc. Class A | 108,281 | 600 |
Community Trust Bancorp Inc. | 13,996 | 598 | |
* | MBIA Inc. | 43,003 | 593 |
Broadmark Realty Capital Inc. | 114,735 | 585 | |
First Bancorp Inc. (XNMS) | 18,613 | 583 | |
Peapack-Gladstone Financial Corp. | 15,067 | 560 | |
Northfield Bancorp Inc. | 37,869 | 557 | |
* | CrossFirst Bankshares Inc. | 39,366 | 557 |
1 | Bank First Corp. | 6,820 | 556 |
National Western Life Group Inc. Class A | 2,020 | 545 | |
Horizon Bancorp Inc. | 35,726 | 544 | |
United Fire Group Inc. | 18,964 | 541 | |
* | SiriusPoint Ltd. | 75,928 | 539 |
Byline Bancorp Inc. | 21,832 | 538 | |
Dynex Capital Inc. | 40,336 | 534 | |
HarborOne Bancorp Inc. | 38,767 | 530 | |
Camden National Corp. | 12,825 | 528 | |
Central Pacific Financial Corp. | 23,438 | 526 | |
Kearny Financial Corp. | 52,381 | 526 | |
TPG RE Finance Trust Inc. | 61,363 | 521 | |
CBL & Associates Properties Inc. | 20,168 | 515 | |
First Mid Bancshares Inc. | 16,556 | 513 | |
Flushing Financial Corp. | 25,434 | 495 | |
Midland States Bancorp Inc. | 18,739 | 488 | |
Great Southern Bancorp Inc. | 8,360 | 486 | |
* | Metropolitan Bank Holding Corp. | 8,636 | 482 |
Cambridge Bancorp | 6,036 | 480 | |
iStar Inc. | 61,924 | 477 | |
Mercantile Bank Corp. | 13,727 | 475 | |
Banco Latinoamericano de Comercio Exterior SA Class E | 24,211 | 443 | |
Farmers National Banc Corp. | 30,958 | 441 | |
First Community Bankshares Inc. | 14,093 | 440 | |
First Financial Corp. | 9,978 | 439 | |
Business First Bancshares Inc. | 21,015 | 438 | |
Capital City Bank Group Inc. | 12,139 | 433 | |
* | Columbia Financial Inc. | 20,139 | 425 |
Merchants Bancorp | 14,030 | 424 | |
CNB Financial Corp. | 17,747 | 423 | |
Bank of Marin Bancorp | 14,024 | 407 | |
Equity Bancshares Inc. Class A | 13,435 | 404 | |
HomeStreet Inc. | 15,963 | 403 | |
Invesco Mortgage Capital REIT | 31,899 | 400 | |
Independent Bank Corp. | 18,054 | 398 | |
Bar Harbor Bankshares | 13,210 | 395 | |
Mid Penn Bancorp Inc. | 12,811 | 392 | |
* | EZCorp. Inc. Class A | 44,336 | 391 |
Arrow Financial Corp. | 12,714 | 388 | |
MidWestOne Financial Group Inc. | 12,672 | 381 | |
SmartFinancial Inc. | 13,724 | 375 | |
* | Carter Bankshares Inc. | 21,154 | 367 |
Amalgamated Financial Corp. | 15,588 | 367 | |
Universal Insurance Holdings Inc. | 18,871 | 365 |
Shares | Market Value• ($000) | ||
Victory Capital Holdings Inc. Class A | 10,479 | 356 | |
Tiptree Inc. | 22,030 | 355 | |
1 | Orchid Island Capital Inc. | 30,930 | 351 |
Republic Bancorp Inc. Class A | 7,803 | 347 | |
Hingham Institution for Savings | 1,208 | 344 | |
Financial Institutions Inc. | 13,648 | 341 | |
First of Long Island Corp. | 19,615 | 334 | |
Southern Missouri Bancorp Inc. | 7,038 | 326 | |
Peoples Financial Services Corp. | 6,310 | 313 | |
Capstar Financial Holdings Inc. | 18,099 | 313 | |
American National Bankshares Inc. | 9,237 | 311 | |
Oppenheimer Holdings Inc. Class A | 7,022 | 310 | |
Citizens & Northern Corp. | 13,678 | 308 | |
HomeTrust Bancshares Inc. | 10,241 | 300 | |
Enterprise Bancorp Inc. | 8,452 | 299 | |
Civista Bancshares Inc. | 13,903 | 297 | |
* | Blue Foundry Bancorp | 23,042 | 282 |
ACNB Corp. | 7,526 | 279 | |
* | Southern First Bancshares Inc. | 6,931 | 279 |
Shore Bancshares Inc. | 16,182 | 276 | |
1 | John Marshall Bancorp Inc. | 10,334 | 275 |
Granite Point Mortgage Trust Inc. | 45,438 | 272 | |
Alerus Financial Corp. | 13,619 | 272 | |
Waterstone Financial Inc. | 16,614 | 267 | |
*,1 | Hippo Holdings Inc. | 15,455 | 266 |
RBB Bancorp | 13,398 | 265 | |
Summit Financial Group Inc. | 10,196 | 260 | |
Home Bancorp Inc. | 6,540 | 259 | |
Macatawa Bank Corp. | 23,456 | 256 | |
Metrocity Bankshares Inc. | 12,636 | 255 | |
First Bancorp Inc. (XNGS) | 8,673 | 254 | |
First Business Financial Services Inc. | 7,164 | 254 | |
MVB Financial Corp. | 9,318 | 254 | |
Northeast Bank | 5,772 | 254 | |
Sierra Bancorp | 12,296 | 248 | |
West BanCorp. Inc. | 11,704 | 246 | |
Primis Financial Corp. | 19,876 | 233 | |
AFC Gamma Inc. | 14,890 | 231 | |
Stock Yards Bancorp Inc. | 3,923 | 230 | |
Guaranty Bancshares Inc. | 7,351 | 229 | |
South Plains Financial Inc. | 8,678 | 228 | |
Live Oak Bancshares Inc. | 6,533 | 226 | |
BCB Bancorp Inc. | 12,883 | 223 | |
Regional Management Corp. | 6,959 | 219 | |
* | Greenlight Capital Re Ltd. Class A | 23,500 | 216 |
Donegal Group Inc. Class A | 13,877 | 213 | |
HBT Financial Inc. | 9,275 | 211 | |
First Internet Bancorp | 7,790 | 210 | |
BayCom Corp. | 10,199 | 209 | |
Orrstown Financial Services Inc. | 9,065 | 208 | |
Farmers & Merchants Bancorp Inc. | 7,928 | 205 | |
* | Bridgewater Bancshares Inc. | 13,868 | 204 |
* | Third Coast Bancshares Inc. | 10,831 | 200 |
Five Star Bancorp | 7,139 | 195 |
Shares | Market Value• ($000) | ||
Red River Bancshares Inc. | 3,806 | 193 | |
PCB Bancorp | 10,510 | 192 | |
First Bank | 13,946 | 190 | |
Parke Bancorp Inc. | 9,136 | 186 | |
Colony Bankcorp Inc. | 14,833 | 186 | |
* | First Western Financial Inc. | 7,139 | 185 |
Blue Ridge Bankshares Inc. | 14,961 | 183 | |
* | FVCBankcorp Inc. | 12,758 | 173 |
Unity Bancorp Inc. | 6,391 | 169 | |
Capital Bancorp Inc. | 8,101 | 165 | |
Investors Title Co. | 974 | 159 | |
Bankwell Financial Group Inc. | 5,175 | 156 | |
Luther Burbank Corp. | 13,189 | 153 | |
* | Oportun Financial Corp. | 25,046 | 151 |
Nexpoint Real Estate Finance Inc. | 7,052 | 127 | |
Lakeland Financial Corp. | 1,754 | 126 | |
* | USCB Financial Holdings Inc. | 9,754 | 124 |
* | Pioneer Bancorp Inc. | 10,859 | 123 |
* | Trean Insurance Group Inc. | 19,599 | 119 |
* | eHealth Inc. | 15,810 | 116 |
Provident Bancorp Inc. | 12,511 | 115 | |
* | NI Holdings Inc. | 7,891 | 109 |
Sculptor Capital Management Inc. Class A | 11,644 | 104 | |
* | Republic First Bancorp Inc. | 51,141 | 102 |
* | Sterling Bancorp Inc. | 16,287 | 101 |
*,1 | World Acceptance Corp. | 1,066 | 99 |
1 | First Guaranty Bancshares Inc. | 4,743 | 97 |
* | Goosehead Insurance Inc. Class A | 2,001 | 93 |
* | Consumer Portfolio Services Inc. | 8,251 | 91 |
*,1 | Bakkt Holdings Inc. | 54,710 | 80 |
*,1 | Silvergate Capital Corp. Class A | 5,661 | 79 |
1 | Angel Oak Mortgage Inc. | 10,372 | 78 |
Crawford & Co. Class A | 13,511 | 75 | |
Chicago Atlantic Real Estate Finance Inc. | 4,772 | 70 | |
* | Velocity Financial LLC | 6,820 | 66 |
* | Doma Holdings Inc. | 106,218 | 61 |
* | SWK Holdings Corp. | 3,086 | 58 |
Associated Capital Group Inc. Class A | 1,497 | 54 | |
Brightsphere Investment Group Inc. | 2,141 | 54 | |
* | Rigetti Computing Inc. | 71,751 | 54 |
1 | Brookfield Business Corp. Class A | 2,605 | 51 |
* | Finance of America Cos. Inc. Class A | 33,170 | 48 |
GCM Grosvenor Inc. Class A | 4,934 | 41 | |
Esquire Financial Holdings Inc. | 879 | 40 | |
*,1 | Root Inc. Class A | 6,624 | 33 |
* | Sunlight Financial Holdings Inc. | 20,794 | 27 |
Perella Weinberg Partners Class A | 2,461 | 25 | |
* | OppFi Inc. | 11,583 | 24 |
* | MarketWise Inc. | 11,482 | 23 |
Curo Group Holdings Corp. | 4,292 | 13 | |
Home Point Capital Inc. | 6,762 | 11 | |
Silvercrest Asset Management Group Inc. Class A | 563 | 10 |
Shares | Market Value• ($000) | ||
Skyward Specialty Insurance Group Inc. | 382 | 7 | |
Value Line Inc. | 50 | 2 | |
297,159 | |||
Health Care (9.6%) | |||
* | Prestige Consumer Healthcare Inc. | 44,334 | 2,671 |
* | Integer Holdings Corp. | 29,426 | 2,206 |
* | Sage Therapeutics Inc. | 46,615 | 1,941 |
* | NeoGenomics Inc. | 112,057 | 1,888 |
* | Pacific Biosciences of California Inc. | 202,194 | 1,836 |
* | Supernus Pharmaceuticals Inc. | 44,322 | 1,666 |
* | Xencor Inc. | 51,064 | 1,641 |
* | Veracyte Inc. | 64,209 | 1,580 |
* | REVOLUTION Medicines Inc. | 57,791 | 1,547 |
* | Vir Biotechnology Inc. | 64,450 | 1,469 |
* | Celldex Therapeutics Inc. | 32,267 | 1,381 |
* | Myriad Genetics Inc. | 70,866 | 1,341 |
* | Akero Therapeutics Inc. | 28,937 | 1,317 |
* | Amylyx Pharmaceuticals Inc. | 36,016 | 1,254 |
* | Agios Pharmaceuticals Inc. | 48,845 | 1,236 |
* | Avanos Medical Inc. | 41,406 | 1,162 |
* | Pediatrix Medical Group Inc. | 72,570 | 1,142 |
* | Avidity Biosciences Inc. | 47,617 | 1,129 |
* | Relay Therapeutics Inc. | 69,737 | 1,126 |
* | MannKind Corp. | 203,204 | 1,073 |
* | Kymera Therapeutics Inc. | 33,941 | 1,065 |
* | Intellia Therapeutics Inc. | 25,991 | 1,044 |
* | Krystal Biotech Inc. | 12,589 | 1,031 |
* | AdaptHealth Corp. Class A | 64,096 | 1,025 |
* | Chinook Therapeutics Inc. | 45,262 | 988 |
* | Iovance Biotherapeutics Inc. | 133,528 | 973 |
* | DICE Therapeutics Inc. | 31,466 | 939 |
* | Syndax Pharmaceuticals Inc. | 36,239 | 919 |
* | Rocket Pharmaceuticals Inc. | 47,579 | 914 |
* | Addus HomeCare Corp. | 8,367 | 909 |
* | Recursion Pharmaceuticals Inc. Class A | 109,820 | 895 |
* | Owens & Minor Inc. | 58,105 | 891 |
* | AbCellera Biologics Inc. | 105,649 | 887 |
* | Phreesia Inc. | 23,189 | 853 |
* | Ligand Pharmaceuticals Inc. | 11,793 | 851 |
* | Arcus Biosciences Inc. | 45,873 | 835 |
* | SpringWorks Therapeutics Inc. | 25,700 | 820 |
* | Adaptive Biotechnologies Corp. | 93,933 | 803 |
* | REGENXBIO Inc. | 35,884 | 798 |
* | Crinetics Pharmaceuticals Inc. | 40,116 | 788 |
* | Replimune Group Inc. | 35,849 | 785 |
* | Enanta Pharmaceuticals Inc. | 15,891 | 771 |
* | ModivCare Inc. | 7,760 | 762 |
* | Cogent Biosciences Inc. | 57,323 | 758 |
* | Arcellx Inc. | 26,358 | 738 |
* | Ideaya Biosciences Inc. | 39,147 | 691 |
* | Protagonist Therapeutics Inc. | 42,451 | 689 |
* | Immunovant Inc. | 39,416 | 689 |
* | Kura Oncology Inc. | 57,335 | 683 |
* | Health Catalyst Inc. | 48,770 | 681 |
* | Verve Therapeutics Inc. | 35,657 | 678 |
* | Community Health Systems Inc. | 111,291 | 674 |
* | PTC Therapeutics Inc. | 15,406 | 673 |
* | Accolade Inc. | 58,663 | 652 |
Shares | Market Value• ($000) | ||
* | BioLife Solutions Inc. | 27,903 | 649 |
National HealthCare Corp. | 11,297 | 630 | |
* | Orthofix Medical Inc. | 30,430 | 627 |
* | Sharecare Inc. | 265,244 | 621 |
* | Fulgent Genetics Inc. | 18,595 | 610 |
* | Varex Imaging Corp. | 34,390 | 608 |
* | Editas Medicine Inc. Class A | 63,244 | 572 |
* | American Well Corp. Class A | 203,671 | 568 |
* | AtriCure Inc. | 14,409 | 555 |
* | Emergent BioSolutions Inc. | 44,437 | 550 |
* | Castle Biosciences Inc. | 21,786 | 549 |
* | LivaNova plc | 11,440 | 541 |
*,1 | Nuvalent Inc. Class A | 17,868 | 541 |
* | Brookdale Senior Living Inc. | 167,316 | 540 |
* | Bioxcel Therapeutics Inc. | 16,894 | 539 |
* | HealthStream Inc. | 20,133 | 516 |
* | 4D Molecular Therapeutics Inc. | 26,645 | 513 |
* | Mersana Therapeutics Inc. | 82,062 | 497 |
* | Merit Medical Systems Inc. | 6,936 | 490 |
* | MiMedx Group Inc. | 100,276 | 482 |
* | ANI Pharmaceuticals Inc. | 11,281 | 472 |
* | NextGen Healthcare Inc. | 25,912 | 469 |
*,1 | Invitae Corp. | 215,832 | 464 |
*,1 | Allogene Therapeutics Inc. | 72,542 | 461 |
* | 2seventy bio Inc. | 33,995 | 459 |
Healthcare Services Group Inc. | 34,411 | 457 | |
* | Day One Biopharmaceuticals Inc. | 24,738 | 456 |
* | BioCryst Pharmaceuticals Inc. | 50,876 | 450 |
* | AnaptysBio Inc. | 17,942 | 447 |
Patterson Cos. Inc. | 16,475 | 437 | |
* | Deciphera Pharmaceuticals Inc. | 29,297 | 425 |
* | AngioDynamics Inc. | 33,769 | 418 |
* | Anika Therapeutics Inc. | 13,042 | 413 |
* | Bridgebio Pharma Inc. | 35,777 | 409 |
* | OPKO Health Inc. | 357,968 | 408 |
* | EQRx Inc. | 180,133 | 407 |
* | OraSure Technologies Inc. | 64,253 | 405 |
* | Cara Therapeutics Inc. | 39,793 | 404 |
* | CTI BioPharma Corp. | 71,343 | 390 |
* | Nurix Therapeutics Inc. | 41,276 | 389 |
* | ImmunoGen Inc. | 99,499 | 386 |
Select Medical Holdings Corp. | 14,120 | 384 | |
* | Bluebird Bio Inc. | 73,497 | 382 |
* | iTeos Therapeutics Inc. | 21,067 | 373 |
* | Computer Programs and Systems Inc. | 12,369 | 371 |
* | Dyne Therapeutics Inc. | 28,019 | 361 |
* | Sangamo Therapeutics Inc. | 117,527 | 358 |
*,1 | Bionano Genomics Inc. | 265,637 | 356 |
* | MaxCyte Inc. | 77,327 | 351 |
* | 23andMe Holding Co. Class A | 136,462 | 343 |
* | Multiplan Corp. | 338,800 | 342 |
* | Cardiovascular Systems Inc. | 17,052 | 336 |
* | ADMA Biologics Inc. | 92,254 | 328 |
* | MacroGenics Inc. | 53,659 | 327 |
*,1 | Lyell Immunopharma Inc. | 151,919 | 327 |
* | Edgewise Therapeutics Inc. | 33,829 | 324 |
* | Biohaven Ltd. | 21,125 | 323 |
* | Vanda Pharmaceuticals Inc. | 48,743 | 314 |
* | Cytokinetics Inc. | 7,127 | 309 |
Shares | Market Value• ($000) | ||
* | Cullinan Oncology Inc. | 27,376 | 309 |
* | Inogen Inc. | 19,551 | 306 |
*,1 | LifeStance Health Group Inc. | 59,802 | 306 |
* | Atara Biotherapeutics Inc. | 75,126 | 304 |
* | Kezar Life Sciences Inc. | 47,863 | 301 |
*,1 | Sana Biotechnology Inc. | 82,129 | 301 |
* | Viridian Therapeutics Inc. | 9,099 | 298 |
* | Caribou Biosciences Inc. | 48,739 | 297 |
* | Twist Bioscience Corp. | 14,885 | 290 |
* | SomaLogic Inc. | 113,753 | 289 |
* | Neogen Corp. | 16,099 | 285 |
* | Quanterix Corp. | 25,754 | 283 |
*,1 | Butterfly Network Inc. | 115,139 | 283 |
* | Inovio Pharmaceuticals Inc. | 221,869 | 280 |
* | Geron Corp. (XNGS) | 98,697 | 274 |
* | Sutro Biopharma Inc. | 48,182 | 272 |
*,1 | Nano-X Imaging Ltd. | 36,224 | 264 |
*,1 | Janux Therapeutics Inc. | 15,210 | 253 |
* | Tarsus Pharmaceuticals Inc. | 16,165 | 250 |
*,1 | OmniAb Inc. (XNMS) | 60,021 | 250 |
* | Fulcrum Therapeutics Inc. | 38,900 | 235 |
* | Atea Pharmaceuticals Inc. | 66,312 | 235 |
* | PMV Pharmaceuticals Inc. | 32,011 | 231 |
* | Nektar Therapeutics Class A | 165,005 | 228 |
*,1 | CareMax Inc. | 51,830 | 223 |
Embecta Corp. | 6,883 | 220 | |
* | Rapt Therapeutics Inc. | 7,388 | 218 |
* | Inari Medical Inc. | 3,742 | 211 |
* | Adicet Bio Inc. | 26,790 | 211 |
*,1 | Tango Therapeutics Inc. | 40,318 | 211 |
*,1 | HilleVax Inc. | 12,521 | 211 |
* | Zimvie Inc. | 18,412 | 210 |
* | Design Therapeutics Inc. | 29,334 | 207 |
* | Cue Health Inc. | 95,368 | 205 |
* | Erasca Inc. | 56,225 | 202 |
*,1 | Aerovate Therapeutics Inc. | 8,153 | 200 |
* | Nuvation Bio Inc. | 101,848 | 198 |
* | MeiraGTx Holdings plc | 25,433 | 196 |
* | FibroGen Inc. | 8,716 | 194 |
* | Sight Sciences Inc. | 17,659 | 194 |
* | C4 Therapeutics Inc. | 36,616 | 193 |
* | Hims & Hers Health Inc. | 16,750 | 189 |
* | Kodiak Sciences Inc. | 28,567 | 186 |
* | Allovir Inc. | 27,472 | 185 |
* | Seer Inc. Class A | 44,899 | 184 |
* | Stoke Therapeutics Inc. | 19,230 | 171 |
* | Surgery Partners Inc. | 5,072 | 170 |
* | Generation Bio Co. | 41,569 | 165 |
* | PepGen Inc. | 10,813 | 165 |
*,1 | Monte Rosa Therapeutics Inc. | 26,733 | 163 |
* | Tactile Systems Technology Inc. | 11,240 | 162 |
* | Icosavax Inc. | 19,307 | 158 |
* | Tyra Biosciences Inc. | 11,831 | 156 |
* | KalVista Pharmaceuticals Inc. | 20,958 | 154 |
* | Morphic Holding Inc. | 3,493 | 149 |
*,1 | Bright Health Group Inc. | 165,334 | 144 |
*,1 | Theseus Pharmaceuticals Inc. | 15,376 | 143 |
*,1 | Quantum-Si Inc. | 78,190 | 142 |
* | Arbutus Biopharma Corp. | 49,432 | 137 |
*,1 | 908 Devices Inc. | 14,761 | 133 |
* | Kinnate Biopharma Inc. | 25,032 | 132 |
* | Reata Pharmaceuticals Inc. Class A | 4,067 | 127 |
* | ALX Oncology Holdings Inc. | 18,339 | 121 |
Shares | Market Value• ($000) | ||
* | Nkarta Inc. | 28,166 | 118 |
* | Travere Thrapeutics Inc. | 5,333 | 118 |
* | Inotiv Inc. | 15,167 | 114 |
* | Liquidia Corp. | 14,964 | 113 |
* | Alphatec Holdings Inc. | 7,502 | 111 |
* | Innovage Holding Corp. | 14,596 | 111 |
* | Singular Genomics Systems Inc. | 48,053 | 103 |
* | Lexicon Pharmaceuticals Inc. | 45,082 | 101 |
* | Praxis Precision Medicines Inc. | 32,302 | 99 |
* | Alpine Immune Sciences Inc. | 12,318 | 98 |
* | Absci Corp. | 45,097 | 96 |
*,1 | An2 Therapeutics Inc. | 8,058 | 91 |
* | Athira Pharma Inc. | 29,076 | 90 |
*,1 | Prime Medicine Inc. | 5,442 | 89 |
* | Nautilus Biotechnology Inc. | 40,745 | 86 |
* | Berkeley Lights Inc. | 48,539 | 85 |
* | VBI Vaccines Inc. | 164,971 | 79 |
* | Century Therapeutics Inc. | 17,252 | 78 |
* | Invivyd Inc. | 43,985 | 77 |
* | Tenaya Therapeutics Inc. | 23,922 | 73 |
* | Kronos Bio Inc. | 40,108 | 70 |
* | GeneDx Holdings Corp. Class A | 135,319 | 68 |
* | NGM Biopharmaceuticals Inc. | 13,974 | 66 |
* | Vaxart Inc. | 84,225 | 66 |
* | Provention Bio Inc. | 7,717 | 64 |
* | Artivion Inc. | 4,786 | 63 |
*,1 | Theravance Biopharma Inc. | 5,801 | 63 |
* | ViewRay Inc. | 14,365 | 62 |
* | Bioventus Inc. Class A | 27,164 | 58 |
* | Keros Therapeutics Inc. | 1,050 | 56 |
* | NanoString Technologies Inc. | 5,027 | 49 |
* | Aveanna Healthcare Holdings Inc. | 38,158 | 47 |
* | Instil Bio Inc. | 59,597 | 46 |
* | PetIQ Inc. Class A | 4,876 | 45 |
* | Pardes Biosciences Inc. | 29,608 | 42 |
* | Jounce Therapeutics Inc. | 36,908 | 41 |
* | IGM Biosciences Inc. | 1,962 | 41 |
* | EyePoint Pharmaceuticals Inc. | 12,046 | 40 |
* | Zentalis Pharmaceuticals Inc. | 2,073 | 39 |
*,1 | ImmunityBio Inc. | 16,041 | 39 |
* | Chimerix Inc. | 24,160 | 38 |
* | Talaris Therapeutics Inc. | 19,143 | 37 |
* | Arcturus Therapeutics Holdings Inc. | 2,064 | 34 |
*,1 | Pear Therapeutics Inc. | 33,967 | 34 |
*,1 | Point Biopharma Global Inc. | 4,154 | 31 |
* | Alpha Teknova Inc. | 5,203 | 28 |
* | Third Harmonic Bio Inc. | 6,522 | 28 |
* | Rallybio Corp. | 3,234 | 25 |
* | Relmada Therapeutics Inc. | 6,331 | 23 |
* | ATI Physical Therapy Inc. | 64,060 | 22 |
Utah Medical Products Inc. | 232 | 21 | |
* | RxSight Inc. | 1,486 | 20 |
* | Precigen Inc. | 15,116 | 19 |
* | Enochian Biosciences Inc. | 16,915 | 17 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 1,132 | 15 |
Phibro Animal Health Corp. Class A | 859 | 14 | |
* | P3 Health Partners Inc. | 8,231 | 10 |
Shares | Market Value• ($000) | ||
* | Vera Therapeutics Inc. Class A | 1,115 | 8 |
* | Eiger BioPharmaceuticals Inc. | 3,608 | 7 |
* | Mineralys Therapeutics Inc. | 407 | 7 |
* | Affimed NV | 5,313 | 5 |
* | VistaGen Therapeutics Inc. | 27,880 | 5 |
*,1 | Gelesis Holdings Inc. | 12,572 | 3 |
* | Science 37 Holdings Inc. | 4,675 | 2 |
*,2 | PDL BioPharma Inc. | 270 | — |
*,1 | Tenon Medical Inc. | 175 | — |
*,2 | OmniAb Inc. 12.5 Earnout | 4,268 | — |
*,2 | OmniAb Inc. 15 Earnout | 4,268 | — |
102,203 | |||
Industrials (14.8%) | |||
* | API Group Corp. | 184,457 | 4,333 |
Triton International Ltd. | 51,835 | 3,573 | |
Altra Industrial Motion Corp. | 57,812 | 3,557 | |
Maxar Technologies Inc. | 65,505 | 3,373 | |
GATX Corp. | 29,543 | 3,223 | |
* | Summit Materials Inc. Class A | 105,988 | 3,131 |
Encore Wire Corp. | 15,775 | 3,045 | |
EnerSys | 32,218 | 2,922 | |
* | Alight Inc. Class A | 303,181 | 2,911 |
ABM Industries Inc. | 59,005 | 2,856 | |
* | SPX Technologies Inc. | 39,020 | 2,749 |
* | Hub Group Inc. Class A | 28,778 | 2,640 |
UniFirst Corp. | 13,338 | 2,616 | |
Scorpio Tankers Inc. | 41,907 | 2,529 | |
* | Atlas Air Worldwide Holdings Inc. | 24,987 | 2,519 |
* | Resideo Technologies Inc. | 129,338 | 2,372 |
Werner Enterprises Inc. | 49,529 | 2,301 | |
Albany International Corp. Class A | 22,310 | 2,251 | |
International Seaways Inc. | 43,415 | 2,233 | |
Matson Inc. | 33,318 | 2,216 | |
*,1 | Frontline plc | 111,324 | 2,102 |
Moog Inc. Class A | 21,271 | 2,098 | |
* | Itron Inc. | 37,093 | 2,069 |
Kennametal Inc. | 72,831 | 2,063 | |
EnPro Industries Inc. | 18,553 | 1,994 | |
ESCO Technologies Inc. | 20,863 | 1,944 | |
Bread Financial Holdings Inc. | 44,769 | 1,839 | |
Barnes Group Inc. | 43,601 | 1,837 | |
Terex Corp. | 30,236 | 1,790 | |
Trinity Industries Inc. | 62,361 | 1,740 | |
Granite Construction Inc. | 39,393 | 1,702 | |
* | AAR Corp. | 30,074 | 1,636 |
Belden Inc. | 17,679 | 1,492 | |
* | Gibraltar Industries Inc. | 27,775 | 1,483 |
Hillenbrand Inc. | 30,951 | 1,459 | |
Otter Tail Corp. | 20,329 | 1,441 | |
DHT Holdings Inc. | 122,389 | 1,416 | |
ArcBest Corp. | 14,640 | 1,408 | |
* | Kratos Defense & Security Solutions Inc. | 110,859 | 1,402 |
Greif Inc. Class A | 18,798 | 1,336 | |
Patrick Industries Inc. | 17,241 | 1,256 | |
Standex International Corp. | 10,642 | 1,231 | |
Primoris Services Corp. | 44,552 | 1,225 | |
* | OSI Systems Inc. | 12,759 | 1,181 |
1 | Golden Ocean Group Ltd. | 109,095 | 1,132 |
TriMas Corp. | 37,395 | 1,121 | |
*,1 | Mirion Technologies Inc. | 122,123 | 1,109 |
Shares | Market Value• ($000) | ||
Textainer Group Holdings Ltd. | 33,451 | 1,101 | |
* | Modine Manufacturing Co. | 44,116 | 1,077 |
* | Hillman Solutions Corp. | 119,535 | 1,063 |
SFL Corp. Ltd. | 102,666 | 1,059 | |
* | StoneCo. Ltd. Class A | 118,436 | 1,008 |
* | Aerojet Rocketdyne Holdings Inc. | 17,489 | 985 |
* | CoreCivic Inc. | 101,267 | 983 |
Columbus McKinnon Corp. | 24,811 | 921 | |
* | Teekay Tankers Ltd. Class A | 20,283 | 916 |
Astec Industries Inc. | 20,247 | 912 | |
Greenbrier Cos. Inc. | 28,206 | 906 | |
* | Donnelley Financial Solutions Inc. | 21,152 | 895 |
* | Beacon Roofing Supply Inc. | 13,721 | 892 |
AZZ Inc. | 21,923 | 891 | |
1 | Flex LNG Ltd. | 25,392 | 881 |
* | Titan Machinery Inc. | 18,116 | 830 |
Nordic American Tankers Ltd. | 182,706 | 809 | |
Eagle Bulk Shipping Inc. | 12,046 | 786 | |
* | Thermon Group Holdings Inc. | 29,461 | 779 |
Quanex Building Products Corp. | 29,342 | 761 | |
Griffon Corp. | 20,181 | 736 | |
* | Cross Country Healthcare Inc. | 27,567 | 729 |
Trinseo plc | 31,061 | 720 | |
* | Triumph Group Inc. | 56,719 | 716 |
Deluxe Corp. | 38,488 | 710 | |
* | Green Dot Corp. Class A | 37,277 | 706 |
* | American Woodmark Corp. | 13,819 | 704 |
* | Vivint Smart Home Inc. | 62,634 | 704 |
* | First Advantage Corp. | 48,025 | 697 |
Heartland Express Inc. | 41,704 | 673 | |
* | Air Transport Services Group Inc. | 31,773 | 665 |
Ardmore Shipping Corp. | 36,350 | 660 | |
* | Repay Holdings Corp. Class A | 77,667 | 659 |
* | BlueLinx Holdings Inc. | 7,801 | 658 |
Kaman Corp. | 25,087 | 652 | |
*,1 | Virgin Galactic Holdings Inc. | 113,510 | 652 |
Tennant Co. | 9,133 | 647 | |
* | Proto Labs Inc. | 20,103 | 632 |
Genco Shipping & Trading Ltd. | 32,469 | 619 | |
* | JELD-WEN Holding Inc. | 46,745 | 615 |
Dorian LPG Ltd. | 27,234 | 598 | |
Heidrick & Struggles International Inc. | 17,381 | 597 | |
* | Conduent Inc. | 149,726 | 596 |
* | Manitowoc Co. Inc. | 31,229 | 591 |
* | O-I Glass Inc. | 26,142 | 581 |
VSE Corp. | 9,422 | 541 | |
* | TrueBlue Inc. | 28,614 | 535 |
* | Ducommun Inc. | 9,841 | 529 |
Resources Connection Inc. | 28,604 | 517 | |
Brady Corp. Class A | 9,138 | 504 | |
Kelly Services Inc. Class A | 30,038 | 503 | |
* | Paysafe Ltd. | 25,095 | 500 |
* | V2X Inc. | 10,716 | 497 |
Chase Corp. | 5,065 | 496 | |
* | Huron Consulting Group Inc. | 6,998 | 491 |
Costamare Inc. | 46,779 | 491 | |
Ennis Inc. | 22,513 | 490 | |
ICF International Inc. | 4,927 | 490 |
Shares | Market Value• ($000) | ||
* | Vishay Precision Group Inc. | 11,078 | 483 |
Cass Information Systems Inc. | 9,938 | 480 | |
Gorman-Rupp Co. | 16,661 | 464 | |
Argan Inc. | 11,703 | 455 | |
* | Proterra Inc. | 108,059 | 454 |
HB Fuller Co. | 6,479 | 452 | |
* | FARO Technologies Inc. | 15,511 | 422 |
Pactiv Evergreen Inc. | 38,495 | 416 | |
* | Fluor Corp. | 11,060 | 406 |
* | DXP Enterprises Inc. | 13,656 | 395 |
Hyster-Yale Materials Handling Inc. | 10,013 | 390 | |
* | Archer Aviation Inc. Class A | 129,045 | 381 |
* | Teekay Corp. | 60,703 | 379 |
* | Aersale Corp. | 18,418 | 366 |
Powell Industries Inc. | 8,212 | 364 | |
*,1 | Desktop Metal Inc. Class A | 238,845 | 363 |
* | Hyliion Holdings Corp. | 127,569 | 361 |
Greif Inc. Class B | 4,250 | 350 | |
* | Astronics Corp. | 22,666 | 345 |
REV Group Inc. | 29,409 | 344 | |
* | CIRCOR International Inc. | 11,650 | 341 |
National Presto Industries Inc. | 4,484 | 308 | |
* | Tutor Perini Corp. | 36,874 | 299 |
Marten Transport Ltd. | 13,358 | 295 | |
Covenant Logistics Group Inc. Class A | 8,410 | 291 | |
Park Aerospace Corp. | 17,666 | 290 | |
*,1 | Custom Truck One Source Inc. | 37,008 | 268 |
* | BrightView Holdings Inc. | 40,804 | 258 |
* | Great Lakes Dredge & Dock Corp. | 44,650 | 256 |
Miller Industries Inc. | 9,111 | 253 | |
Alamo Group Inc. | 1,361 | 248 | |
Luxfer Holdings plc | 14,882 | 247 | |
Maximus Inc. | 2,973 | 244 | |
* | Ranpak Holdings Corp. Class A | 38,552 | 243 |
Safe Bulkers Inc. | 64,139 | 240 | |
* | Blade Air Mobility Inc. | 51,305 | 239 |
* | TuSimple Holdings Inc. Class A | 121,731 | 234 |
Eneti Inc. | 20,183 | 214 | |
* | Evolv Technologies Holdings Inc. | 74,764 | 206 |
*,1 | Danimer Scientific Inc. | 79,489 | 205 |
Preformed Line Products Co. | 2,204 | 196 | |
* | Concrete Pumping Holdings Inc. | 23,682 | 185 |
* | Sterling Infrastructure Inc. | 4,289 | 165 |
* | Willdan Group Inc. | 9,068 | 164 |
* | CryoPort Inc. | 7,454 | 161 |
* | Advantage Solutions Inc. | 71,139 | 156 |
Wabash National Corp. | 5,442 | 149 | |
* | Quad/Graphics Inc. | 29,794 | 146 |
* | Radiant Logistics Inc. | 24,433 | 139 |
* | AvidXchange Holdings Inc. | 13,589 | 135 |
*,1 | PureCycle Technologies Inc. | 18,942 | 121 |
* | Cantaloupe Inc. | 20,140 | 116 |
* | Markforged Holding Corp. | 87,191 | 116 |
Caesarstone Ltd. | 19,846 | 115 | |
* | Spire Global Inc. | 107,208 | 110 |
* | Skillsoft Corp. | 69,549 | 108 |
* | IES Holdings Inc. | 2,440 | 103 |
Shares | Market Value• ($000) | ||
*,1 | Terran Orbital Corp. | 37,690 | 100 |
PFSweb Inc. | 14,774 | 95 | |
*,1 | Joby Aviation Inc. | 19,560 | 92 |
* | Moneylion Inc. | 134,343 | 90 |
Information Services Group Inc. | 16,638 | 88 | |
*,1 | Astra Space Inc. | 136,539 | 78 |
*,1 | Microvast Holdings Inc. | 60,006 | 77 |
* | Latch Inc. | 93,384 | 74 |
* | Hydrofarm Holdings Group Inc. | 37,380 | 72 |
United States Lime & Minerals Inc. | 403 | 65 | |
*,1 | View Inc. | 102,092 | 65 |
* | Atlas Technical Consultants Inc. | 5,125 | 63 |
Barrett Business Services Inc. | 593 | 57 | |
*,1 | Redwire Corp. | 13,964 | 54 |
Allied Motion Technologies Inc. | 1,177 | 51 | |
*,1 | Nikola Corp. | 23,199 | 51 |
Universal Logistics Holdings Inc. | 1,671 | 50 | |
* | Atlanticus Holdings Corp. | 1,320 | 42 |
*,1 | Momentus Inc. | 30,052 | 25 |
* | DHI Group Inc. | 5,737 | 24 |
* | Distribution Solutions Group Inc. | 525 | 23 |
* | Sterling Check Corp. | 1,392 | 18 |
* | Workhorse Group Inc. | 8,457 | 17 |
* | CompoSecure Inc. | 1,627 | 11 |
* | Fathom Digital Manufacturing Corp. | 8,690 | 10 |
* | Cepton Inc. | 7,581 | 8 |
158,446 | |||
Other (0.0%)3 | |||
Scilex Holding Co. | 50,101 | 390 | |
*,2 | Aduro Biotech Inc. CVR | 724 | — |
390 | |||
Real Estate (10.9%) | |||
Agree Realty Corp. | 77,828 | 5,509 | |
STAG Industrial Inc. | 160,684 | 5,405 | |
Ryman Hospitality Properties Inc. | 47,902 | 4,444 | |
Terreno Realty Corp. | 70,524 | 4,387 | |
Kite Realty Group Trust | 194,285 | 4,220 | |
Independence Realty Trust Inc. | 200,764 | 3,632 | |
Apple Hospitality REIT Inc. | 191,602 | 3,163 | |
Physicians Realty Trust | 202,953 | 3,010 | |
PotlatchDeltic Corp. | 64,191 | 2,963 | |
Essential Properties Realty Trust Inc. | 113,554 | 2,925 | |
Broadstone Net Lease Inc. | 154,099 | 2,735 | |
LXP Industrial Trust | 242,551 | 2,530 | |
Sabra Health Care REIT Inc. | 205,585 | 2,449 | |
SITE Centers Corp. | 173,624 | 2,321 | |
Macerich Co. | 191,601 | 2,290 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 72,405 | 2,274 | |
Corporate Office Properties Trust | 88,708 | 2,256 | |
National Health Investors Inc. | 37,206 | 2,046 | |
Sunstone Hotel Investors Inc. | 189,144 | 1,999 |
Shares | Market Value• ($000) | ||
Equity Commonwealth | 93,584 | 1,987 | |
Four Corners Property Trust Inc. | 67,782 | 1,840 | |
Kennedy-Wilson Holdings Inc. | 104,723 | 1,750 | |
Pebblebrook Hotel Trust | 116,468 | 1,662 | |
DiamondRock Hospitality Co. | 187,347 | 1,634 | |
RLJ Lodging Trust | 143,251 | 1,624 | |
Service Properties Trust | 146,837 | 1,612 | |
Urban Edge Properties | 102,099 | 1,572 | |
CareTrust REIT Inc. | 79,142 | 1,557 | |
Retail Opportunity Investments Corp. | 107,038 | 1,523 | |
InvenTrust Properties Corp. | 60,232 | 1,457 | |
Elme Communities | 78,022 | 1,452 | |
Xenia Hotels & Resorts Inc. | 101,813 | 1,429 | |
Global Net Lease Inc. | 92,805 | 1,310 | |
Getty Realty Corp. | 37,631 | 1,292 | |
LTC Properties Inc. | 35,556 | 1,274 | |
* | Veris Residential Inc. | 76,561 | 1,236 |
Easterly Government Properties Inc. Class A | 81,317 | 1,228 | |
Acadia Realty Trust | 84,098 | 1,225 | |
Alexander & Baldwin Inc. | 64,643 | 1,207 | |
Uniti Group Inc. | 213,629 | 1,173 | |
American Assets Trust Inc. | 44,093 | 1,113 | |
Piedmont Office Realty Trust Inc. Class A | 109,287 | 1,000 | |
Apartment Investment and Management Co. Class A | 132,865 | 997 | |
NETSTREIT Corp. | 49,229 | 994 | |
* | Radius Global Infrastructure Inc. Class A (XNMS) | 68,845 | 938 |
* | GEO Group Inc. | 105,967 | 928 |
Newmark Group Inc. Class A | 112,060 | 899 | |
Brandywine Realty Trust | 150,419 | 886 | |
Paramount Group Inc. | 167,711 | 884 | |
Empire State Realty Trust Inc. Class A | 119,159 | 869 | |
Centerspace | 13,300 | 833 | |
Necessity Retail REIT Inc. | 119,691 | 821 | |
RPT Realty | 74,697 | 801 | |
Armada Hoffler Properties Inc. | 60,079 | 770 | |
Plymouth Industrial REIT Inc. | 33,485 | 724 | |
Office Properties Income Trust | 43,282 | 712 | |
Summit Hotel Properties Inc. | 92,845 | 687 | |
Global Medical REIT Inc. | 54,324 | 547 | |
* | Anywhere Real Estate Inc. | 94,354 | 546 |
Chatham Lodging Trust | 43,120 | 527 | |
Ares Commercial Real Estate Corp. | 46,061 | 521 | |
Farmland Partners Inc. | 44,368 | 476 | |
Urstadt Biddle Properties Inc. Class A | 26,464 | 458 | |
Orion Office REIT Inc. | 51,495 | 441 | |
Whitestone REIT | 41,714 | 394 | |
* | Tejon Ranch Co. | 18,478 | 355 |
Community Healthcare Trust Inc. | 8,691 | 337 | |
* | FRP Holdings Inc. | 6,047 | 331 |
One Liberty Properties Inc. | 14,616 | 331 | |
Indus Realty Trust Inc. | 4,756 | 316 | |
RE/MAX Holdings Inc. Class A | 15,915 | 294 | |
City Office REIT Inc. | 34,573 | 293 |
Shares | Market Value• ($000) | ||
Braemar Hotels & Resorts Inc. | 62,140 | 290 | |
CTO Realty Growth Inc. | 16,119 | 283 | |
Safehold Inc. | 8,979 | 268 | |
Douglas Elliman Inc. | 61,153 | 258 | |
BRT Apartments Corp. | 10,919 | 231 | |
Gladstone Land Corp. | 12,858 | 226 | |
Industrial Logistics Properties Trust | 54,629 | 224 | |
Hersha Hospitality Trust Class A | 26,050 | 218 | |
Franklin Street Properties Corp. | 86,522 | 209 | |
Diversified Healthcare Trust | 209,004 | 205 | |
DigitalBridge Group Inc. | 16,638 | 204 | |
* | Forestar Group Inc. | 12,215 | 174 |
* | Ashford Hospitality Trust Inc. | 29,492 | 146 |
RMR Group Inc. Class A | 4,988 | 140 | |
UMH Properties Inc. | 7,635 | 130 | |
Stratus Properties Inc. | 5,080 | 108 | |
Postal Realty Trust Inc. Class A | 6,738 | 99 | |
NexPoint Residential Trust Inc. | 1,165 | 56 | |
* | Transcontinental Realty Investors Inc. | 1,141 | 50 |
* | Bluerock Homes Trust Inc. | 2,090 | 45 |
Saul Centers Inc. | 1,053 | 41 | |
Gladstone Commercial Corp. | 2,698 | 37 | |
*,1 | American Realty Investors Inc. | 1,444 | 34 |
Clipper Realty Inc. | 1,265 | 8 | |
116,309 | |||
Technology (4.8%) | |||
* | Sanmina Corp. | 50,798 | 3,071 |
* | Ziff Davis Inc. | 33,020 | 2,608 |
Vishay Intertechnology Inc. | 115,638 | 2,455 | |
* | Bumble Inc. Class A | 77,106 | 1,864 |
Amkor Technology Inc. | 72,072 | 1,857 | |
* | NetScout Systems Inc. | 61,559 | 1,751 |
Xerox Holdings Corp. | 102,236 | 1,686 | |
* | Veradigm Inc. | 95,962 | 1,594 |
Methode Electronics Inc. | 32,436 | 1,581 | |
* | Cohu Inc. | 41,757 | 1,553 |
* | Fastly Inc. Class A | 101,110 | 1,404 |
* | LiveRamp Holdings Inc. | 59,301 | 1,401 |
* | Parsons Corp. | 29,901 | 1,346 |
* | Magnite Inc. | 117,820 | 1,311 |
* | TTM Technologies Inc. | 90,715 | 1,206 |
* | E2open Parent Holdings Inc. | 179,220 | 1,111 |
* | 3D Systems Corp. | 112,380 | 1,100 |
* | Diodes Inc. | 10,887 | 998 |
*,1 | C3.ai Inc. Class A | 42,615 | 962 |
* | Cerence Inc. | 34,820 | 953 |
Adeia Inc. | 92,389 | 911 | |
*,1 | MicroStrategy Inc. Class A | 3,404 | 893 |
* | Ultra Clean Holdings Inc. | 26,283 | 837 |
* | Ichor Holdings Ltd. | 24,808 | 817 |
Benchmark Electronics Inc. | 31,221 | 743 | |
* | ScanSource Inc. | 22,337 | 696 |
* | Rambus Inc. | 15,217 | 673 |
* | Olo Inc. Class A | 80,406 | 638 |
* | Insight Enterprises Inc. | 4,386 | 587 |
* | Kimball Electronics Inc. | 21,444 | 536 |
* | PAR Technology Corp. | 14,849 | 507 |
* | Squarespace Inc. Class A | 20,374 | 477 |
* | Sumo Logic Inc. | 39,887 | 473 |
Shares | Market Value• ($000) | ||
* | nLight Inc. | 39,646 | 448 |
*,1 | IonQ Inc. | 93,064 | 441 |
PC Connection Inc. | 10,051 | 440 | |
* | ACM Research Inc. Class A | 37,245 | 387 |
* | SolarWinds Corp. | 44,425 | 379 |
* | Consensus Cloud Solutions Inc. | 8,633 | 354 |
* | ON24 Inc. | 36,245 | 349 |
* | Plexus Corp. | 3,537 | 339 |
* | Avid Technology Inc. | 11,627 | 338 |
* | Ouster Inc. | 280,484 | 337 |
* | PROS Holdings Inc. | 12,627 | 329 |
Ebix Inc. | 18,808 | 327 | |
* | OneSpan Inc. | 22,952 | 310 |
* | ePlus Inc. | 5,448 | 295 |
*,1 | Cvent Holding Corp. | 40,439 | 294 |
*,1 | Blend Labs Inc. Class A | 171,949 | 272 |
* | Bandwidth Inc. Class A | 16,658 | 265 |
* | Photronics Inc. | 14,623 | 258 |
* | Impinj Inc. | 1,815 | 241 |
*,1 | ForgeRock Inc. Class A | 9,397 | 192 |
* | Veeco Instruments Inc. | 8,937 | 190 |
* | Matterport Inc. | 60,781 | 185 |
* | Verint Systems Inc. | 4,911 | 184 |
* | TrueCar Inc. | 78,095 | 182 |
*,1 | Porch Group Inc. | 72,574 | 181 |
* | EverCommerce Inc. | 18,037 | 180 |
A10 Networks Inc. | 11,630 | 177 | |
Sapiens International Corp. NV | 8,414 | 174 | |
* | Skillz Inc. Class A | 269,905 | 169 |
* | AXT Inc. | 35,818 | 157 |
* | Upland Software Inc. | 26,630 | 154 |
* | Aeva Technologies Inc. | 77,423 | 139 |
* | Groupon Inc. Class A | 17,393 | 131 |
*,1 | Vivid Seats Inc. Class A | 16,998 | 130 |
* | Blackbaud Inc. | 2,106 | 117 |
* | Rackspace Technology Inc. | 49,407 | 116 |
* | Alpha & Omega Semiconductor Ltd. | 4,317 | 115 |
American Software Inc. Class A | 8,074 | 109 | |
*,1 | Cleanspark Inc. | 39,158 | 108 |
* | 1stdibs.com Inc. | 20,826 | 106 |
*,1 | Applied Digital Corp. | 36,519 | 97 |
* | N-Able Inc. | 7,447 | 88 |
* | Eventbrite Inc. Class A | 9,667 | 85 |
* | eGain Corp. | 10,143 | 79 |
* | Planet Labs PBC | 16,904 | 78 |
* | PubMatic Inc. Class A | 4,912 | 75 |
* | Unisys Corp. | 14,688 | 73 |
* | SecureWorks Corp. Class A | 9,059 | 69 |
*,1 | KORE Group Holdings Inc. | 39,695 | 68 |
* | Brightcove Inc. | 11,344 | 61 |
* | Diebold Nixdorf Inc. | 15,425 | 50 |
*,1 | Beachbody Co. Inc. | 74,616 | 48 |
*,1 | Cipher Mining Inc. | 31,426 | 48 |
Hackett Group Inc. | 2,332 | 44 | |
*,1 | LiveVox Holdings Inc. | 19,149 | 44 |
*,1 | Vinco Ventures Inc. | 83,945 | 41 |
* | Mitek Systems Inc. | 2,469 | 23 |
* | Loyalty Ventures Inc. | 11,690 | 21 |
* | Arena Group Holdings Inc. | 2,429 | 19 |
* | Innovid Corp. | 7,666 | 13 |
* | Edgio Inc. | 9,401 | 12 |
* | Digimarc Corp. | 470 | 10 |
* | Terawulf Inc. | 14,309 | 9 |
Shares | Market Value• ($000) | ||
*,1 | Greenidge Generation Holdings Inc. | 10,966 | 6 |
* | WM Technology Inc. | 4,378 | 5 |
*,1 | Leafly Holdings Inc. | 7,020 | 4 |
* | Cryptyde Inc. | 6,636 | 1 |
51,370 | |||
Telecommunications (1.2%) | |||
InterDigital Inc. | 16,617 | 1,213 | |
Telephone and Data Systems Inc. | 90,323 | 1,146 | |
Cogent Communications Holdings Inc. | 17,410 | 1,127 | |
* | Liberty Latin America Ltd. Class C | 127,655 | 1,121 |
Shenandoah Telecommunications Co. | 42,951 | 838 | |
* | Gogo Inc. | 40,644 | 669 |
* | Digi International Inc. | 19,957 | 666 |
* | EchoStar Corp. Class A | 30,042 | 600 |
* | Calix Inc. | 10,805 | 553 |
* | NETGEAR Inc. | 25,195 | 456 |
* | Xperi Inc. | 37,953 | 444 |
ATN International Inc. | 9,762 | 411 | |
Comtech Telecommunications Corp. | 22,667 | 362 | |
* | Aviat Networks Inc. | 10,045 | 357 |
* | Anterix Inc. | 11,730 | 354 |
* | Liberty Latin America Ltd. Class A | 36,991 | 326 |
*,1 | fuboTV Inc. | 167,963 | 321 |
* | United States Cellular Corp. | 12,997 | 314 |
* | Ribbon Communications Inc. | 63,303 | 282 |
* | WideOpenWest Inc. | 19,799 | 216 |
* | Consolidated Communications Holdings Inc. | 63,531 | 193 |
* | Globalstar Inc. | 93,837 | 120 |
* | IDT Corp. Class B | 3,916 | 119 |
Adtran Holdings Inc. | 6,603 | 115 | |
*,1 | Inseego Corp. | 60,253 | 54 |
*,1 | Kaleyra Inc. | 25,630 | 22 |
* | Akoustis Technologies Inc. | 768 | 3 |
12,402 | |||
Utilities (4.7%) | |||
New Jersey Resources Corp. | 78,815 | 4,022 | |
ONE Gas Inc. | 47,914 | 3,841 | |
Portland General Electric Co. | 79,656 | 3,808 | |
PNM Resources Inc. | 76,042 | 3,726 | |
Black Hills Corp. | 57,878 | 3,554 | |
Southwest Gas Holdings Inc. | 54,267 | 3,419 | |
Spire Inc. | 45,400 | 3,196 | |
ALLETE Inc. | 50,981 | 3,120 | |
NorthWestern Corp. | 51,722 | 2,988 | |
Avista Corp. | 65,688 | 2,701 | |
California Water Service Group | 35,876 | 2,054 |
Shares | Market Value• ($000) | ||
SJW Group | 24,071 | 1,840 | |
Ormat Technologies Inc. (XNYS) | 19,239 | 1,626 | |
* | Sunnova Energy International Inc. | 88,966 | 1,582 |
American States Water Co. | 17,224 | 1,538 | |
Northwest Natural Holding Co. | 30,790 | 1,488 | |
MGE Energy Inc. | 18,590 | 1,316 | |
Chesapeake Utilities Corp. | 6,852 | 878 | |
Unitil Corp. | 14,089 | 765 | |
* | Harsco Corp. | 70,629 | 598 |
* | Heritage-Crystal Clean Inc. | 14,066 | 506 |
*,1 | Li-Cycle Holdings Corp. | 75,988 | 460 |
Excelerate Energy Inc. Class A | 16,682 | 361 | |
*,1 | NuScale Power Corp. | 28,213 | 292 |
* | Altus Power Inc. | 25,840 | 175 |
Artesian Resources Corp. Class A | 2,435 | 137 | |
*,1 | Vertex Energy Inc. | 5,334 | 51 |
Via Renewables Inc. Class A | 1,088 | 6 | |
50,048 | |||
Total Common Stocks (Cost $1,158,631) | 1,067,624 | ||
Temporary Cash Investments (2.6%) | |||
Money Market Fund (2.6%) | |||
4,5 | Vanguard Market Liquidity Fund, 4.640% (Cost $27,444) | 274,509 | 27,448 |
Total Investments (102.5%) (Cost $1,186,075) | 1,095,072 | ||
Other Assets and Liabilities—Net (-2.5%) | (26,475) | ||
Net Assets (100%) | 1,068,597 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $23,301,000. |
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 $26,274,000 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 2023 | 21 | 1,994 | 3 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $1,158,631) | 1,067,624 |
Affiliated Issuers (Cost $27,444) | 27,448 |
Total Investments in Securities | 1,095,072 |
Investment in Vanguard | 39 |
Cash Collateral Pledged—Futures Contracts | 130 |
Receivables for Investment Securities Sold | 5,615 |
Receivables for Accrued Income | 1,450 |
Receivables for Capital Shares Issued | 1 |
Total Assets | 1,102,307 |
Liabilities | |
Due to Custodian | 1,742 |
Payables for Investment Securities Purchased | 5,595 |
Collateral for Securities on Loan | 26,274 |
Payables for Capital Shares Redeemed | 46 |
Payables to Vanguard | 53 |
Total Liabilities | 33,710 |
Net Assets | 1,068,597 |
1 Includes $23,301,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 1,330,549 |
Total Distributable Earnings (Loss) | (261,952) |
Net Assets | 1,068,597 |
ETF Shares—Net Assets | |
Applicable to 6,700,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 872,648 |
Net Asset Value Per Share—ETF Shares | $130.25 |
Institutional Shares—Net Assets | |
Applicable to 762,739 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 195,949 |
Net Asset Value Per Share—Institutional Shares | $256.90 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 9,815 |
Interest2 | 16 |
Securities Lending—Net | 499 |
Total Income | 10,330 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 12 |
Management and Administrative—ETF Shares | 510 |
Management and Administrative—Institutional Shares | 59 |
Marketing and Distribution—ETF Shares | 24 |
Marketing and Distribution—Institutional Shares | 4 |
Custodian Fees | 44 |
Shareholders’ Reports—ETF Shares | 33 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | — |
Other Expenses | 6 |
Total Expenses | 692 |
Net Investment Income | 9,638 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 3,817 |
Futures Contracts | (88) |
Realized Net Gain (Loss) | 3,729 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 28,146 |
Futures Contracts | 58 |
Change in Unrealized Appreciation (Depreciation) | 28,204 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 41,571 |
1 | Dividends are net of foreign withholding taxes of $7,000. |
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 $14,000, $1,000, less than $1,000, and $2,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $2,709,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 9,638 | 20,250 | |
Realized Net Gain (Loss) | 3,729 | 123,769 | |
Change in Unrealized Appreciation (Depreciation) | 28,204 | (276,196) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 41,571 | (132,177) | |
Distributions | |||
ETF Shares | (11,411) | (17,288) | |
Institutional Shares | (2,596) | (3,679) | |
Total Distributions | (14,007) | (20,967) | |
Capital Share Transactions | |||
ETF Shares | 14,002 | (71,282) | |
Institutional Shares | 6,287 | 7,217 | |
Net Increase (Decrease) from Capital Share Transactions | 20,289 | (64,065) | |
Total Increase (Decrease) | 47,853 | (217,209) | |
Net Assets | |||
Beginning of Period | 1,020,744 | 1,237,953 | |
End of Period | 1,068,597 | 1,020,744 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $126.77 | $143.88 | $91.76 | $99.51 | $119.05 | $100.96 |
Investment Operations | ||||||
Net Investment Income1 | 1.183 | 2.353 | 1.998 | 1.868 | 1.912 | 1.905 |
Net Realized and Unrealized Gain (Loss) on Investments | 4.018 | (16.986) | 51.982 | (7.771) | (19.589) | 18.070 |
Total from Investment Operations | 5.201 | (14.633) | 53.980 | (5.903) | (17.677) | 19.975 |
Distributions | ||||||
Dividends from Net Investment Income | (1.721) | (2.477) | (1.860) | (1.847) | (1.863) | (1.885) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.721) | (2.477) | (1.860) | (1.847) | (1.863) | (1.885) |
Net Asset Value, End of Period | $130.25 | $126.77 | $143.88 | $91.76 | $99.51 | $119.05 |
Total Return | 4.22% | -10.28% | 59.34% | -6.05% | -14.93% | 19.96% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $873 | $837 | $1,036 | $303 | $251 | $223 |
Ratio of Total Expenses to Average Net Assets | 0.15% | 0.15% | 0.15% | 0.15% | 0.15% | 0.20% |
Ratio of Net Investment Income to Average Net Assets | 2.02% | 1.71% | 1.52% | 1.99% | 1.83% | 1.73% |
Portfolio Turnover Rate2 | 4% | 28% | 45% | 38% | 27% | 30% |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $250.04 | $283.82 | $180.98 | $196.24 | $234.81 | $199.13 |
Investment Operations | ||||||
Net Investment Income1 | 2.418 | 4.918 | 4.212 | 3.783 | 3.966 | 4.029 |
Net Realized and Unrealized Gain (Loss) on Investments | 7.918 | (33.609) | 102.428 | (15.303) | (38.670) | 35.618 |
Total from Investment Operations | 10.336 | (28.691) | 106.640 | (11.520) | (34.704) | 39.647 |
Distributions | ||||||
Dividends from Net Investment Income | (3.476) | (5.089) | (3.800) | (3.740) | (3.866) | (3.967) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (3.476) | (5.089) | (3.800) | (3.740) | (3.866) | (3.967) |
Net Asset Value, End of Period | $256.90 | $250.04 | $283.82 | $180.98 | $196.24 | $234.81 |
Total Return | 4.26% | -10.23% | 59.46% | -5.97% | -14.88% | 20.10% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $196 | $184 | $202 | $88 | $140 | $151 |
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 | 2.09% | 1.82% | 1.67% | 2.04% | 1.90% | 1.85% |
Portfolio Turnover Rate2 | 4% | 28% | 45% | 38% | 27% | 30% |
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 | 1,067,624 | — | — | 1,067,624 |
Temporary Cash Investments | 27,448 | — | — | 27,448 |
Total | 1,095,072 | — | — | 1,095,072 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 3 | — | — | 3 |
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, 2023, 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 | 1,192,153 |
Gross Unrealized Appreciation | 93,086 |
Gross Unrealized Depreciation | (190,164) |
Net Unrealized Appreciation (Depreciation) | (97,078) |
E. | During the six months ended February 28, 2023, the fund purchased $91,077,000 of investment securities and sold $71,133,000 of investment securities, other than temporary cash investments. Purchases and sales include $34,588,000 and $29,743,000, 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, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 43,765 | 350 | 678,843 | 4,950 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (29,763) | (250) | (750,125) | (5,550) | |
Net Increase (Decrease)—ETF Shares | 14,002 | 100 | (71,282) | (600) | |
Institutional Shares | |||||
Issued | 6,685 | 28 | 14,097 | 50 | |
Issued in Lieu of Cash Distributions | 2,596 | 11 | 3,678 | 14 | |
Redeemed | (2,994) | (12) | (10,558) | (40) | |
Net Increase (Decrease)—Institutional Shares | 6,287 | 27 | 7,217 | 24 |
G. | Management has determined that no material events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
Basic Materials | 4.3% |
Consumer Discretionary | 12.8 |
Consumer Staples | 3.8 |
Energy | 8.0 |
Financials | 5.9 |
Health Care | 21.1 |
Industrials | 20.5 |
Real Estate | 2.2 |
Technology | 16.9 |
Telecommunications | 2.2 |
Utilities | 2.3 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.8%) | |||
Basic Materials (4.3%) | |||
UFP Industries Inc. | 41,390 | 3,540 | |
Cabot Corp. | 43,840 | 3,487 | |
Balchem Corp. | 25,119 | 3,266 | |
* | Livent Corp. | 127,800 | 2,997 |
* | Ingevity Corp. | 29,572 | 2,441 |
Sensient Technologies Corp. | 31,255 | 2,356 | |
Avient Corp. | 52,786 | 2,303 | |
Innospec Inc. | 16,580 | 1,815 | |
Materion Corp. | 15,118 | 1,688 | |
Quaker Chemical Corp. | 7,053 | 1,381 | |
Sylvamo Corp. | 26,277 | 1,296 | |
Orion Engineered Carbons SA | 47,754 | 1,218 | |
Mueller Industries Inc. | 15,935 | 1,179 | |
Compass Minerals International Inc. | 27,121 | 1,045 | |
*,1 | Uranium Energy Corp. | 277,609 | 1,027 |
* | Novagold Resources Inc. | 179,310 | 1,002 |
Kaiser Aluminum Corp. | 12,523 | 993 | |
GrafTech International Ltd. | 152,609 | 862 | |
* | Constellium SE Class A | 53,796 | 860 |
Commercial Metals Co. | 15,783 | 817 | |
* | LSB Industries Inc. | 58,362 | 793 |
* | RBC Bearings Inc. | 3,253 | 748 |
*,1 | Energy Fuels Inc. | 101,746 | 683 |
* | Century Aluminum Co. | 40,446 | 488 |
Boise Cascade Co. | 6,454 | 446 | |
American Vanguard Corp. | 19,292 | 403 | |
Hawkins Inc. | 9,504 | 387 | |
Omega Flex Inc. | 2,593 | 302 | |
AdvanSix Inc. | 7,312 | 301 | |
* | Piedmont Lithium Inc. | 3,823 | 248 |
* | Origin Materials Inc. | 50,532 | 243 |
*,1 | 5e Advanced Materials Inc. | 29,931 | 202 |
Stepan Co. | 1,627 | 169 | |
* | Ur-Energy Inc. | 145,197 | 155 |
*,1 | Dakota Gold Corp. | 39,722 | 112 |
* | US Silica Holdings Inc. | 8,592 | 104 |
* | Ivanhoe Electric Inc. | 5,545 | 83 |
Mativ Holdings Inc. | 3,079 | 80 | |
Schnitzer Steel Industries Inc. Class A | 1,781 | 58 | |
* | Northwest Pipe Co. | 1,467 | 57 |
*,1 | Hycroft Mining Holding Corp. | 97,391 | 38 |
Ryerson Holding Corp. | 1,040 | 37 |
Shares | Market Value• ($000) | ||
*,1 | Amyris Inc. | 17,045 | 21 |
41,731 | |||
Consumer Discretionary (12.7%) | |||
* | Crocs Inc. | 47,986 | 5,840 |
Texas Roadhouse Inc. Class A | 52,945 | 5,376 | |
Murphy USA Inc. | 16,524 | 4,215 | |
Wingstop Inc. | 23,636 | 4,026 | |
* | Fox Factory Holding Corp. | 33,446 | 3,930 |
* | Visteon Corp. | 22,056 | 3,684 |
* | Hilton Grand Vacations Inc. | 67,740 | 3,234 |
* | elf Beauty Inc. | 38,758 | 2,897 |
* | Skyline Champion Corp. | 42,057 | 2,877 |
Kontoor Brands Inc. | 43,902 | 2,290 | |
LCI Industries | 19,597 | 2,211 | |
Steven Madden Ltd. | 60,788 | 2,207 | |
* | Helen of Troy Ltd. | 18,758 | 2,114 |
* | Cavco Industries Inc. | 7,035 | 2,005 |
* | Sonos Inc. | 100,585 | 1,954 |
* | Dorman Products Inc. | 20,787 | 1,934 |
Cracker Barrel Old Country Store Inc. | 17,490 | 1,906 | |
* | Boot Barn Holdings Inc. | 23,285 | 1,803 |
*,1 | Luminar Technologies Inc. Class A | 198,346 | 1,775 |
Inter Parfums Inc. | 14,208 | 1,711 | |
* | Duolingo Inc. | 18,570 | 1,686 |
* | Gentherm Inc. | 26,173 | 1,662 |
* | Shake Shack Inc. Class A | 29,577 | 1,650 |
* | Chegg Inc. | 98,350 | 1,563 |
Papa John's International Inc. | 18,600 | 1,561 | |
Cheesecake Factory Inc. | 38,137 | 1,428 | |
John Wiley & Sons Inc. Class A | 31,891 | 1,419 | |
* | Stride Inc. | 32,050 | 1,361 |
* | Dave & Buster's Entertainment Inc. | 33,845 | 1,354 |
Bloomin' Brands Inc. | 50,132 | 1,308 | |
* | Sally Beauty Holdings Inc. | 78,447 | 1,262 |
* | Brinker International Inc. | 30,806 | 1,171 |
* | Asbury Automotive Group Inc. | 5,077 | 1,153 |
* | XPEL Inc. | 16,986 | 1,135 |
1 | Dillard's Inc. Class A | 3,125 | 1,114 |
Upbound Group Inc. | 39,298 | 1,055 | |
*,1 | Fisker Inc. | 139,893 | 1,039 |
Wolverine World Wide Inc. | 61,830 | 1,036 |
Shares | Market Value• ($000) | ||
* | SeaWorld Entertainment Inc. | 15,785 | 1,020 |
* | Coursera Inc. | 90,089 | 1,015 |
HNI Corp. | 32,341 | 1,011 | |
* | Liberty Media Corp.- Liberty Braves Class C | 30,129 | 1,008 |
Oxford Industries Inc. | 8,245 | 970 | |
* | Malibu Boats Inc. Class A | 16,038 | 958 |
* | Cinemark Holdings Inc. | 67,370 | 917 |
Buckle Inc. | 22,145 | 903 | |
* | Revolve Group Inc. | 32,310 | 875 |
PriceSmart Inc. | 12,326 | 859 | |
Red Rock Resorts Inc. Class A | 18,225 | 796 | |
* | Figs Inc. Class A | 85,113 | 784 |
Dine Brands Global Inc. | 10,200 | 782 | |
Monarch Casino & Resort Inc. | 10,517 | 774 | |
* | iRobot Corp. | 18,709 | 769 |
Caleres Inc. | 27,840 | 727 | |
Sturm Ruger & Co. Inc. | 12,260 | 714 | |
* | Everi Holdings Inc. | 37,090 | 704 |
1 | Camping World Holdings Inc. Class A | 30,644 | 700 |
* | Golden Entertainment Inc. | 16,184 | 665 |
* | Sweetgreen Inc. Class A | 71,041 | 619 |
* | OneSpaWorld Holdings Ltd. | 52,664 | 610 |
* | Allegiant Travel Co. | 5,599 | 574 |
Hibbett Inc. | 7,814 | 562 | |
* | Vizio Holding Corp. Class A | 53,942 | 553 |
* | ACV Auctions Inc. Class A | 45,064 | 552 |
* | Udemy Inc. | 57,793 | 546 |
Franchise Group Inc. | 19,255 | 536 | |
Arko Corp. | 66,408 | 533 | |
1 | Guess? Inc. | 25,001 | 526 |
RCI Hospitality Holdings Inc. | 6,266 | 525 | |
* | Sun Country Airlines Holdings Inc. | 26,000 | 521 |
Sinclair Broadcast Group Inc. Class A | 31,856 | 518 | |
* | Portillo's Inc. Class A | 22,146 | 503 |
* | Master Craft Boat Holdings Inc. | 13,908 | 470 |
Ruth's Hospitality Group Inc. | 24,686 | 460 | |
International Game Technology plc | 17,235 | 458 | |
MDC Holdings Inc. | 11,683 | 432 | |
* | Imax Corp. | 23,241 | 429 |
* | Central Garden & Pet Co. Class A | 11,071 | 425 |
* | Chico's FAS Inc. | 70,250 | 404 |
* | Accel Entertainment Inc. Class A | 43,627 | 399 |
KB Home | 10,934 | 386 | |
* | Denny's Corp. | 31,251 | 365 |
* | Taylor Morrison Home Corp. Class A | 10,181 | 365 |
Acushnet Holdings Corp. | 7,471 | 361 | |
Carriage Services Inc. Class A | 10,338 | 351 | |
* | Frontier Group Holdings Inc. | 29,615 | 348 |
Gray Television Inc. | 28,360 | 332 | |
Interface Inc. Class A | 36,848 | 325 | |
European Wax Center Inc. Class A | 17,489 | 323 | |
* | Lovesac Co. | 11,160 | 321 |
Shares | Market Value• ($000) | ||
* | Corsair Gaming Inc. | 17,220 | 301 |
* | Sleep Number Corp. | 7,374 | 294 |
* | Rover Group Inc. Class A | 69,259 | 290 |
* | Hovnanian Enterprises Inc. Class A | 4,212 | 287 |
* | PowerSchool Holdings Inc. Class A | 12,311 | 283 |
Designer Brands Inc. Class A | 28,552 | 280 | |
* | Children's Place Inc. | 6,575 | 275 |
* | Funko Inc. Class A | 24,943 | 270 |
* | Arlo Technologies Inc. | 70,429 | 268 |
* | Sabre Corp. | 52,049 | 263 |
* | Liberty Media Corp.- Liberty Braves Class A | 7,486 | 256 |
*,1 | Blink Charging Co. | 28,011 | 254 |
* | CarParts.com Inc. | 40,370 | 253 |
* | Kura Sushi USA Inc. Class A | 3,593 | 225 |
Entravision Communications Corp. Class A | 33,582 | 220 | |
Global Industrial Co. | 7,604 | 214 | |
* | Meritage Homes Corp. | 1,882 | 206 |
* | Rush Street Interactive Inc. | 46,665 | 196 |
*,1 | Dream Finders Homes Inc. Class A | 16,161 | 194 |
* | Universal Technical Institute Inc. | 26,516 | 193 |
1 | Krispy Kreme Inc. | 14,704 | 191 |
Clarus Corp. | 18,963 | 188 | |
* | Noodles & Co. Class A | 31,943 | 187 |
* | Inspired Entertainment Inc. | 11,648 | 184 |
Jack in the Box Inc. | 2,261 | 177 | |
* | Green Brick Partners Inc. | 5,650 | 176 |
*,1 | Vuzix Corp. | 41,097 | 171 |
* | M/I Homes Inc. | 2,801 | 162 |
* | Build-A-Bear Workshop Inc. | 7,682 | 161 |
* | Century Casinos Inc. | 17,211 | 159 |
* | Neogames SA | 10,062 | 156 |
* | Sonder Holdings Inc. | 150,118 | 155 |
* | Tri Pointe Homes Inc. | 6,376 | 152 |
* | PROG Holdings Inc. | 6,118 | 151 |
* | ONE Group Hospitality Inc. | 17,444 | 148 |
* | Destination XL Group Inc. | 24,358 | 146 |
* | National Vision Holdings Inc. | 3,690 | 138 |
1 | Ermenegildo Zegna NV | 10,423 | 136 |
* | Cars.com Inc. | 6,915 | 133 |
* | Rent the Runway Inc. Class A | 36,449 | 124 |
* | Liquidity Services Inc. | 9,436 | 119 |
* | Stitch Fix Inc. Class A | 25,541 | 119 |
* | Central Garden & Pet Co. | 2,920 | 118 |
* | Thryv Holdings Inc. | 4,928 | 118 |
*,1 | Nerdy Inc. | 45,338 | 114 |
* | Playstudios Inc. | 30,299 | 113 |
* | Integral Ad Science Holding Corp. | 10,293 | 112 |
* | LGI Homes Inc. | 1,051 | 110 |
* | Xponential Fitness Inc. Class A | 4,307 | 109 |
* | Latham Group Inc. | 32,753 | 104 |
*,1 | Reservoir Media Inc. | 14,916 | 101 |
*,1 | Canoo Inc. | 129,861 | 97 |
Century Communities Inc. | 1,611 | 96 | |
* | Holley Inc. | 41,378 | 90 |
Marine Products Corp. | 6,225 | 80 | |
* | Stoneridge Inc. | 3,176 | 76 |
Shares | Market Value• ($000) | ||
* | Turtle Beach Corp. | 9,268 | 75 |
* | Gambling.com Group Ltd. | 7,409 | 72 |
*,1 | Focus Universal Inc. | 13,670 | 69 |
* | Full House Resorts Inc. | 6,641 | 64 |
*,1 | Bed Bath & Beyond Inc. | 44,216 | 62 |
*,1 | Faraday Future Intelligent Electric Inc. | 117,183 | 62 |
* | First Watch Restaurant Group Inc. | 4,070 | 62 |
*,1 | F45 Training Holdings Inc. | 29,377 | 61 |
Alta Equipment Group Inc. | 3,163 | 60 | |
*,1 | Mullen Automotive Inc. | 254,335 | 59 |
* | Allbirds Inc. Class A | 19,308 | 55 |
*,1 | Ondas Holdings Inc. | 26,900 | 51 |
* | Instructure Holdings Inc. | 1,953 | 50 |
* | QuinStreet Inc. | 2,593 | 44 |
* | MarineMax Inc. | 1,282 | 43 |
* | American Axle & Manufacturing Holdings Inc. | 4,544 | �� 40 |
1 | Bluegreen Vacations Holding Class A | 1,217 | 40 |
* | Stagwell Inc. | 5,707 | 39 |
*,1 | Lulu's Fashion Lounge Holdings Inc. | 12,811 | 39 |
* | Quotient Technology Inc. | 8,066 | 31 |
* | Duluth Holdings Inc. Class B | 4,654 | 28 |
Smith & Wesson Brands Inc. | 2,396 | 26 | |
* | Boston Omaha Corp. Class A | 1,041 | 25 |
* | OneWater Marine Inc. Class A | 740 | 21 |
* | Torrid Holdings Inc. | 6,651 | 18 |
* | Lindblad Expeditions Holdings Inc. | 1,939 | 17 |
* | RealReal Inc. | 10,712 | 14 |
* | Purple Innovation Inc. Class A | 2,814 | 12 |
* | ThredUP Inc. Class A | 7,735 | 12 |
* | Citi Trends Inc. | 349 | 10 |
Rocky Brands Inc. | 216 | 6 | |
* | Aterian Inc. | 3,930 | 5 |
* | Owlet Inc. | 13,332 | 5 |
* | aka Brands Holding Corp. | 52 | — |
124,699 | |||
Consumer Staples (3.8%) | |||
* | Celsius Holdings Inc. | 43,801 | 3,977 |
* | BellRing Brands Inc. | 103,994 | 3,211 |
* | Simply Good Foods Co. | 70,055 | 2,682 |
* | Sprouts Farmers Market Inc. | 83,573 | 2,531 |
Lancaster Colony Corp. | 12,952 | 2,487 | |
Coca-Cola Consolidated Inc. | 3,711 | 2,066 | |
Energizer Holdings Inc. | 52,631 | 1,907 | |
WD-40 Co. | 10,777 | 1,869 | |
J & J Snack Foods Corp. | 12,015 | 1,697 | |
Cal-Maine Foods Inc. | 27,549 | 1,565 | |
MGP Ingredients Inc. | 11,069 | 1,123 | |
* | Herbalife Nutrition Ltd. | 51,337 | 993 |
Medifast Inc. | 8,611 | 966 | |
* | National Beverage Corp. | 18,713 | 873 |
*,1 | Beyond Meat Inc. | 48,190 | 860 |
* | Beauty Health Co. | 66,733 | 842 |
Utz Brands Inc. | 44,974 | 738 |
Shares | Market Value• ($000) | ||
Nu Skin Enterprises Inc. Class A | 16,022 | 638 | |
* | Chefs' Warehouse Inc. | 18,991 | 618 |
* | SunOpta Inc. | 71,139 | 546 |
* | USANA Health Sciences Inc. | 8,928 | 543 |
* | Duckhorn Portfolio Inc. | 33,290 | 508 |
Tootsie Roll Industries Inc. | 10,553 | 465 | |
Calavo Growers Inc. | 13,722 | 443 | |
John B Sanfilippo & Son Inc. | 4,345 | 390 | |
* | Vita Coco Co. Inc. | 22,275 | 377 |
* | Vital Farms Inc. | 23,281 | 376 |
Turning Point Brands Inc. | 11,645 | 278 | |
* | Sovos Brands Inc. | 20,687 | 270 |
1 | PetMed Express Inc. | 13,170 | 247 |
Vector Group Ltd. | 16,066 | 213 | |
*,1 | Veru Inc. | 50,630 | 200 |
* | Benson Hill Inc. | 66,400 | 148 |
*,1 | Brookfield Realty Capital Corp. | 21,923 | 146 |
* | United Natural Foods Inc. | 3,214 | 131 |
* | 22nd Century Group Inc. | 126,545 | 114 |
*,1 | Rite Aid Corp. | 19,635 | 76 |
Natural Grocers by Vitamin Cottage Inc. | 6,792 | 75 | |
*,1 | Tattooed Chef Inc. | 35,497 | 45 |
* | Mission Produce Inc. | 3,470 | 40 |
*,1 | Local Bounti Corp. | 50,082 | 34 |
* | Vintage Wine Estates Inc. | 3,103 | 5 |
37,313 | |||
Energy (8.0%) | |||
ChampionX Corp. | 158,498 | 4,845 | |
Matador Resources Co. | 89,170 | 4,796 | |
* | Weatherford International plc | 55,731 | 3,713 |
* | Denbury Inc. | 39,635 | 3,304 |
* | Valaris Ltd. | 48,031 | 3,230 |
Magnolia Oil & Gas Corp. Class A | 137,502 | 3,004 | |
SM Energy Co. | 95,488 | 2,818 | |
* | Kosmos Energy Ltd. | 356,079 | 2,802 |
* | Shoals Technologies Group Inc. Class A | 108,859 | 2,671 |
Chord Energy Corp. | 19,455 | 2,619 | |
* | Array Technologies Inc. | 118,928 | 2,229 |
Cactus Inc. Class A | 46,978 | 2,159 | |
Alpha Metallurgical Resources Inc. | 12,014 | 2,015 | |
Murphy Oil Corp. | 50,750 | 1,980 | |
1 | Arch Resources Inc. | 11,704 | 1,842 |
Liberty Energy Inc. Class A | 109,781 | 1,674 | |
Patterson-UTI Energy Inc. | 114,610 | 1,570 | |
* | Oceaneering International Inc. | 71,501 | 1,494 |
CONSOL Energy Inc. | 25,538 | 1,398 | |
Delek US Holdings Inc. | 54,825 | 1,380 | |
Northern Oil and Gas Inc. | 44,268 | 1,374 | |
1 | Sitio Royalties Corp. Class A | 56,040 | 1,317 |
* | NexTier Oilfield Solutions Inc. | 138,552 | 1,265 |
* | Callon Petroleum Co. | 32,497 | 1,260 |
* | Ameresco Inc. Class A | 25,106 | 1,103 |
* | Par Pacific Holdings Inc. | 38,642 | 1,073 |
*,1 | SunPower Corp. | 64,602 | 970 |
* | Nabors Industries Ltd. (XNYS) | 6,255 | 940 |
Shares | Market Value• ($000) | ||
* | Talos Energy Inc. | 52,274 | 931 |
* | Stem Inc. | 107,851 | 880 |
Comstock Resources Inc. | 72,121 | 876 | |
*,1 | FuelCell Energy Inc. | 234,104 | 782 |
PBF Energy Inc. Class A | 17,667 | 772 | |
CVR Energy Inc. | 23,436 | 744 | |
* | MRC Global Inc. | 65,885 | 738 |
* | Vital Energy Inc. | 13,077 | 672 |
Ranger Oil Corp. Class A | 15,142 | 628 | |
*,1 | Tellurian Inc. | 398,874 | 594 |
* | Gulfport Energy Corp. | 8,656 | 572 |
*,1 | Fluence Energy Inc. | 28,158 | 526 |
*,1 | Borr Drilling Ltd. | 72,251 | 522 |
RPC Inc. | 58,590 | 514 | |
* | Noble Corp. plc | 12,071 | 503 |
* | Montauk Renewables Inc. | 50,370 | 497 |
*,1 | Earthstone Energy Inc. Class A | 34,194 | 477 |
Equitrans Midstream Corp. | 76,242 | 460 | |
VAALCO Energy Inc. | 83,039 | 389 | |
* | SandRidge Energy Inc. | 24,871 | 363 |
1 | Crescent Energy Inc. Class A | 31,246 | 361 |
* | TETRA Technologies Inc. | 97,569 | 347 |
* | W&T Offshore Inc. | 61,068 | 343 |
* | TPI Composites Inc. | 29,091 | 336 |
Permian resources Corp. Class A | 21,165 | 229 | |
* | SilverBow Resources Inc. | 9,124 | 225 |
Solaris Oilfield Infrastructure Inc. Class A | 25,033 | 224 | |
* | Energy Vault Holdings Inc. | 63,787 | 213 |
* | NextDecade Corp. | 25,770 | 182 |
* | Amplify Energy Corp. | 21,587 | 181 |
Ramaco Resources Inc. | 17,314 | 172 | |
Warrior Met Coal Inc. | 4,260 | 163 | |
*,1 | ProFrac Holding Corp. Class A | 8,313 | 159 |
Riley Exploration Permian Inc. | 5,151 | 158 | |
1 | HighPeak Energy Inc. | 5,602 | 150 |
*,1 | Solid Power Inc. | 40,000 | 135 |
* | CNX Resources Corp. | 8,067 | 124 |
Berry Corp. | 11,050 | 104 | |
* | FTC Solar Inc. | 33,185 | 102 |
*,1 | ESS Tech Inc. | 56,075 | 102 |
* | Empire Petroleum Corp. | 7,784 | 101 |
* | Golar LNG Ltd. | 4,359 | 100 |
* | DMC Global Inc. | 3,593 | 96 |
*,1 | Ring Energy Inc. | 32,787 | 69 |
1 | Kinetik Holdings Inc. Class A | 1,262 | 38 |
*,1 | EVgo Inc. | 5,969 | 35 |
* | NEXTracker Inc. Class A | 970 | 30 |
* | Heliogen Inc. | 69,937 | 22 |
* | Battalion Oil Corp. | 1,954 | 18 |
77,804 | |||
Financials (5.9%) | |||
Kinsale Capital Group Inc. | 17,119 | 5,456 | |
RLI Corp. | 30,834 | 4,252 | |
Houlihan Lokey Inc. Class A | 39,551 | 3,785 | |
First Financial Bankshares Inc. | 102,442 | 3,758 | |
ServisFirst Bancshares Inc. | 39,556 | 2,925 | |
Federated Hermes Inc. | 67,493 | 2,656 | |
* | Focus Financial Partners Inc. Class A | 46,117 | 2,392 |
Shares | Market Value• ($000) | ||
Hamilton Lane Inc. Class A | 28,338 | 2,205 | |
*,1 | Trupanion Inc. | 30,777 | 1,828 |
Walker & Dunlop Inc. | 16,847 | 1,470 | |
PJT Partners Inc. Class A | 18,621 | 1,469 | |
Cohen & Steers Inc. | 19,992 | 1,447 | |
* | BRP Group Inc. Class A | 48,052 | 1,381 |
FirstCash Holdings Inc. | 14,845 | 1,310 | |
Lakeland Financial Corp. | 17,777 | 1,273 | |
StepStone Group Inc. Class A | 42,949 | 1,228 | |
* | Palomar Holdings Inc. | 19,122 | 1,147 |
Stock Yards Bancorp Inc. | 18,954 | 1,109 | |
Moelis & Co. Class A | 25,090 | 1,075 | |
* | Avantax Inc. | 37,539 | 1,073 |
Artisan Partners Asset Management Inc. Class A | 30,809 | 1,016 | |
* | Bancorp Inc. | 25,447 | 880 |
BancFirst Corp. | 9,367 | 845 | |
Live Oak Bancshares Inc. | 20,481 | 708 | |
1 | B Riley Financial Inc. | 16,440 | 654 |
WisdomTree Inc. | 107,533 | 642 | |
* | Goosehead Insurance Inc. Class A | 13,110 | 612 |
Brightsphere Investment Group Inc. | 23,678 | 594 | |
* | Open Lending Corp. Class A | 83,319 | 590 |
Glacier Bancorp Inc. | 11,253 | 533 | |
* | Triumph Financial Inc. | 7,012 | 427 |
Eastern Bankshares Inc. | 25,172 | 395 | |
Diamond Hill Investment Group Inc. | 2,257 | 394 | |
* | Coastal Financial Corp. | 8,137 | 375 |
1 | Brookfield Business Corp. Class A | 17,988 | 349 |
Pathward Financial Inc. | 6,145 | 313 | |
* | LendingTree Inc. | 8,623 | 284 |
Westamerica BanCorp | 5,113 | 282 | |
Perella Weinberg Partners Class A | 27,166 | 275 | |
*,1 | Silvergate Capital Corp. Class A | 19,329 | 269 |
1 | HCI Group Inc. | 4,983 | 262 |
GCM Grosvenor Inc. Class A | 27,922 | 230 | |
Cadence Bank | 8,607 | 229 | |
Esquire Financial Holdings Inc. | 4,724 | 217 | |
* | Axos Financial Inc. | 4,432 | 210 |
*,1 | World Acceptance Corp. | 2,188 | 204 |
* | Columbia Financial Inc. | 9,069 | 191 |
PennyMac Mortgage Investment Trust | 13,579 | 177 | |
Veritex Holdings Inc. | 6,011 | 160 | |
First BanCorp (XNYS) | 10,639 | 154 | |
Greene County Bancorp Inc. | 2,670 | 150 | |
Silvercrest Asset Management Group Inc. Class A | 7,376 | 131 | |
Victory Capital Holdings Inc. Class A | 3,756 | 128 | |
* | StoneX Group Inc. | 1,274 | 128 |
Virtus Investment Partners Inc. | 600 | 126 | |
* | NMI Holdings Inc. Class A | 4,695 | 110 |
Five Star Bancorp | 3,722 | 102 |
Shares | Market Value• ($000) | ||
Bank of NT Butterfield & Son Ltd. | 2,467 | 89 | |
CBL & Associates Properties Inc. | 3,368 | 86 | |
* | Nicolet Bankshares Inc. | 1,138 | 85 |
Sculptor Capital Management Inc. Class A | 9,327 | 84 | |
Farmers & Merchants Bancorp Inc. | 3,109 | 80 | |
Universal Insurance Holdings Inc. | 3,469 | 67 | |
Metrocity Bankshares Inc. | 3,318 | 67 | |
National Bank Holdings Corp. Class A | 1,542 | 62 | |
* | LendingClub Corp. | 6,256 | 59 |
HomeTrust Bancshares Inc. | 1,988 | 58 | |
* | Bridgewater Bancshares Inc. | 3,211 | 47 |
West BanCorp. Inc. | 2,193 | 46 | |
* | SiriusPoint Ltd. | 5,538 | 39 |
Curo Group Holdings Corp. | 12,921 | 38 | |
* | eHealth Inc. | 5,119 | 38 |
Value Line Inc. | 680 | 34 | |
* | Metropolitan Bank Holding Corp. | 569 | 32 |
Investors Title Co. | 143 | 23 | |
* | FVCBankcorp Inc. | 1,283 | 17 |
Hingham Institution for Savings | 59 | 17 | |
BayCom Corp. | 727 | 15 | |
Skyward Specialty Insurance Group Inc. | 763 | 15 | |
* | Third Coast Bancshares Inc. | 604 | 11 |
1 | First Guaranty Bancshares Inc. | 439 | 9 |
* | Velocity Financial LLC | 764 | 7 |
* | Doma Holdings Inc. | 9,888 | 6 |
* | MarketWise Inc. | 2,811 | 5 |
57,721 | |||
Health Care (21.1%) | |||
* | Inspire Medical Systems Inc. | 22,326 | 5,803 |
* | Shockwave Medical Inc. | 28,075 | 5,341 |
* | Halozyme Therapeutics Inc. | 105,155 | 5,046 |
* | Apellis Pharmaceuticals Inc. | 73,954 | 4,843 |
* | Karuna Therapeutics Inc. | 23,925 | 4,771 |
* | HealthEquity Inc. | 65,461 | 4,266 |
* | Lantheus Holdings Inc. | 53,886 | 3,985 |
* | Medpace Holdings Inc. | 20,087 | 3,894 |
Ensign Group Inc. | 42,576 | 3,810 | |
* | Option Care Health Inc. | 123,226 | 3,779 |
* | Intra-Cellular Therapies Inc. | 72,267 | 3,543 |
* | Alkermes plc | 128,941 | 3,448 |
* | Prometheus Biosciences Inc. | 27,429 | 3,357 |
* | Haemonetics Corp. | 40,149 | 3,122 |
* | Amicus Therapeutics Inc. | 217,396 | 2,867 |
* | iRhythm Technologies Inc. | 23,794 | 2,800 |
* | Neogen Corp. | 157,310 | 2,783 |
* | Madrigal Pharmaceuticals Inc. | 10,037 | 2,720 |
* | Merit Medical Systems Inc. | 38,002 | 2,682 |
* | Arrowhead Pharmaceuticals Inc. | 81,185 | 2,622 |
* | Cytokinetics Inc. | 58,533 | 2,538 |
* | Denali Therapeutics Inc. | 85,849 | 2,331 |
* | Axonics Inc. | 38,664 | 2,323 |
Shares | Market Value• ($000) | ||
* | Vaxcyte Inc. | 56,492 | 2,315 |
* | Evolent Health Inc. Class A | 64,683 | 2,265 |
* | Progyny Inc. | 59,710 | 2,243 |
* | Revance Therapeutics Inc. | 63,673 | 2,209 |
CONMED Corp. | 22,932 | 2,206 | |
* | IVERIC bio Inc. | 106,112 | 2,205 |
* | Insmed Inc. | 107,430 | 2,189 |
* | STAAR Surgical Co. | 37,820 | 2,095 |
* | Beam Therapeutics Inc. | 50,003 | 2,012 |
* | Blueprint Medicines Corp. | 47,202 | 2,000 |
* | ACADIA Pharmaceuticals Inc. | 94,814 | 1,962 |
* | Inari Medical Inc. | 34,682 | 1,951 |
* | TransMedics Group Inc. | 24,079 | 1,928 |
* | Omnicell Inc. | 35,333 | 1,924 |
Select Medical Holdings Corp. | 69,695 | 1,895 | |
* | PTC Therapeutics Inc. | 41,965 | 1,833 |
* | NuVasive Inc. | 41,365 | 1,788 |
* | Intellia Therapeutics Inc. | 44,494 | 1,787 |
*,1 | Axsome Therapeutics Inc. | 25,270 | 1,723 |
* | Glaukos Corp. | 36,153 | 1,708 |
* | R1 RCM Inc. | 119,223 | 1,693 |
* | TG Therapeutics Inc. | 105,047 | 1,683 |
* | Prothena Corp. plc | 28,863 | 1,609 |
* | Silk Road Medical Inc. | 29,874 | 1,583 |
* | LivaNova plc | 32,323 | 1,530 |
* | Pacira BioSciences Inc. | 35,456 | 1,509 |
Patterson Cos. Inc. | 54,083 | 1,434 | |
*,1 | Corcept Therapeutics Inc. | 68,436 | 1,426 |
* | FibroGen Inc. | 61,273 | 1,360 |
Embecta Corp. | 39,749 | 1,270 | |
* | CorVel Corp. | 6,989 | 1,260 |
* | Ironwood Pharmaceuticals Inc. Class A | 107,582 | 1,212 |
* | Cerevel Therapeutics Holdings Inc. | 45,034 | 1,202 |
* | Surgery Partners Inc. | 35,317 | 1,181 |
* | Arvinas Inc. | 38,407 | 1,177 |
* | Catalyst Pharmaceuticals Inc. | 76,555 | 1,168 |
* | Vericel Corp. | 37,328 | 1,135 |
* | Apollo Medical Holdings Inc. | 30,726 | 1,072 |
US Physical Therapy Inc. | 10,153 | 1,029 | |
* | Privia Health Group Inc. | 36,332 | 1,015 |
* | Travere Thrapeutics Inc. | 44,289 | 981 |
* | Dynavax Technologies Corp. | 94,233 | 971 |
* | Amphastar Pharmaceuticals Inc. | 30,231 | 963 |
* | Aurinia Pharmaceuticals Inc. | 105,211 | 956 |
* | RadNet Inc. | 39,364 | 928 |
* | Cytek Biosciences Inc. | 89,882 | 926 |
* | Hims & Hers Health Inc. | 81,321 | 917 |
* | Harmony Biosciences Holdings Inc. | 20,766 | 914 |
* | AtriCure Inc. | 23,386 | 900 |
* | BioCryst Pharmaceuticals Inc. | 100,994 | 894 |
* | Outset Medical Inc. | 38,367 | 875 |
* | Nevro Corp. | 27,566 | 867 |
* | Warby Parker Inc. Class A | 65,465 | 852 |
* | Ventyx Biosciences Inc. | 19,658 | 850 |
* | Avid Bioservices Inc. | 47,869 | 788 |
* | PROCEPT BioRobotics Corp. | 20,566 | 770 |
* | Alignment Healthcare Inc. | 77,394 | 769 |
Shares | Market Value• ($000) | ||
LeMaitre Vascular Inc. | 15,333 | 768 | |
* | Keros Therapeutics Inc. | 14,410 | 767 |
* | Alphatec Holdings Inc. | 50,937 | 754 |
*,1 | Cassava Sciences Inc. | 30,187 | 746 |
* | Morphic Holding Inc. | 17,296 | 735 |
* | Viridian Therapeutics Inc. | 21,816 | 715 |
* | Collegium Pharmaceutical Inc. | 26,618 | 706 |
* | Phreesia Inc. | 18,748 | 690 |
* | CareDx Inc. | 40,420 | 680 |
* | Zentalis Pharmaceuticals Inc. | 35,666 | 675 |
* | Paragon 28 Inc. | 36,493 | 643 |
* | UFP Technologies Inc. | 5,426 | 639 |
* | Aclaris Therapeutics Inc. | 50,749 | 632 |
* | Heska Corp. | 7,652 | 623 |
* | Inhibrx Inc. | 25,819 | 621 |
Atrion Corp. | 1,077 | 612 | |
* | DocGo Inc. | 65,865 | 603 |
* | Twist Bioscience Corp. | 30,952 | 602 |
* | Innoviva Inc. | 49,639 | 599 |
* | Bridgebio Pharma Inc. | 51,703 | 590 |
* | AbCellera Biologics Inc. | 69,433 | 583 |
* | Reata Pharmaceuticals Inc. Class A | 18,247 | 569 |
* | Treace Medical Concepts Inc. | 26,118 | 561 |
* | Geron Corp. (XNGS) | 199,133 | 554 |
* | SI-BONE Inc. | 26,633 | 527 |
* | Arcutis Biotherapeutics Inc. | 32,413 | 524 |
* | Addus HomeCare Corp. | 4,814 | 523 |
* | OrthoPediatrics Corp. | 11,905 | 521 |
*,1 | Anavex Life Sciences Corp. | 54,667 | 520 |
* | Agenus Inc. | 242,043 | 499 |
National Research Corp. | 11,060 | 499 | |
*,1 | Theravance Biopharma Inc. | 45,499 | 491 |
*,1 | Point Biopharma Global Inc. | 63,840 | 478 |
* | Biohaven Ltd. | 31,235 | 477 |
* | Krystal Biotech Inc. | 5,645 | 462 |
* | ViewRay Inc. | 102,941 | 445 |
* | Rapt Therapeutics Inc. | 14,402 | 424 |
* | Cutera Inc. | 13,002 | 422 |
* | Alector Inc. | 49,316 | 421 |
* | Agiliti Inc. | 21,738 | 414 |
* | Clover Health Investments Corp. Class A | 302,894 | 400 |
* | Fate Therapeutics Inc. | 65,001 | 398 |
* | Coherus Biosciences Inc. | 57,688 | 391 |
* | Intercept Pharmaceuticals Inc. | 19,306 | 390 |
*,1 | Senseonics Holdings Inc. | 374,693 | 390 |
* | Cerus Corp. | 134,625 | 385 |
* | NextGen Healthcare Inc. | 21,284 | 385 |
Healthcare Services Group Inc. | 28,143 | 373 | |
* | Ocular Therapeutix Inc. | 61,034 | 369 |
* | Esperion Therapeutics Inc. | 57,476 | 355 |
* | Provention Bio Inc. | 42,030 | 349 |
* | Artivion Inc. | 25,974 | 344 |
* | Cardiovascular Systems Inc. | 17,390 | 343 |
* | Mirum Pharmaceuticals Inc. | 14,303 | 336 |
* | Celldex Therapeutics Inc. | 7,566 | 324 |
* | ImmunoGen Inc. | 83,313 | 323 |
* | NanoString Technologies Inc. | 32,705 | 319 |
* | ModivCare Inc. | 3,098 | 304 |
* | Pennant Group Inc. | 20,052 | 301 |
Shares | Market Value• ($000) | ||
* | Pulmonx Corp. | 26,792 | 301 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 23,213 | 299 |
* | Seres Therapeutics Inc. | 55,033 | 278 |
* | Arcturus Therapeutics Holdings Inc. | 16,806 | 273 |
* | Amylyx Pharmaceuticals Inc. | 7,659 | 267 |
* | Axogen Inc. | 31,808 | 262 |
* | Evolus Inc. | 28,383 | 257 |
1 | SIGA Technologies Inc. | 36,477 | 250 |
* | Syndax Pharmaceuticals Inc. | 9,784 | 248 |
* | Codexis Inc. | 50,861 | 246 |
Phibro Animal Health Corp. Class A | 15,325 | 241 | |
* | Surmodics Inc. | 10,749 | 235 |
* | OptimizeRx Corp. | 12,977 | 232 |
* | REVOLUTION Medicines Inc. | 8,642 | 231 |
* | Eagle Pharmaceuticals Inc. | 8,226 | 230 |
Utah Medical Products Inc. | 2,509 | 230 | |
* | ADMA Biologics Inc. | 64,780 | 230 |
* | 23andMe Holding Co. Class A | 88,735 | 223 |
* | Zynex Inc. | 17,024 | 220 |
iRadimed Corp. | 5,739 | 218 | |
* | RxSight Inc. | 15,373 | 211 |
* | Cano Health Inc. | 126,572 | 209 |
* | Rigel Pharmaceuticals Inc. | 135,145 | 204 |
*,1 | Heron Therapeutics Inc. | 79,578 | 189 |
* | Karyopharm Therapeutics Inc. | 61,608 | 186 |
* | Liquidia Corp. | 23,888 | 181 |
* | Joint Corp. | 10,939 | 172 |
* | SpringWorks Therapeutics Inc. | 5,383 | 172 |
* | Amneal Pharmaceuticals Inc. | 83,165 | 171 |
*,1 | Phathom Pharmaceuticals Inc. | 19,787 | 169 |
*,1 | Ocugen Inc. | 166,223 | 166 |
* | PetIQ Inc. Class A | 16,640 | 155 |
* | Deciphera Pharmaceuticals Inc. | 10,041 | 146 |
* | Xeris Biopharma Holdings Inc. | 103,033 | 142 |
* | Akoya Biosciences Inc. | 12,153 | 140 |
*,1 | Humacyte Inc. | 45,597 | 140 |
* | Aura Biosciences Inc. | 14,033 | 140 |
* | Organogenesis Holdings Inc. Class A | 55,993 | 137 |
* | IGM Biosciences Inc. | 6,455 | 136 |
* | Arbutus Biopharma Corp. | 47,090 | 131 |
* | Aadi Bioscience Inc. | 11,347 | 122 |
*,1 | ImmunityBio Inc. | 49,157 | 120 |
* | Vicarious Surgical Inc. | 42,505 | 119 |
* | MannKind Corp. | 20,900 | 110 |
* | Verve Therapeutics Inc. | 5,812 | 110 |
* | Crinetics Pharmaceuticals Inc. | 5,526 | 109 |
* | Y-mAbs Therapeutics Inc. | 28,744 | 109 |
* | Ligand Pharmaceuticals Inc. | 1,458 | 105 |
* | Owens & Minor Inc. | 6,851 | 105 |
*,1 | Outlook Therapeutics Inc. | 91,826 | 100 |
* | Affimed NV | 106,852 | 97 |
* | Relay Therapeutics Inc. | 5,944 | 96 |
* | Rallybio Corp. | 11,533 | 91 |
Shares | Market Value• ($000) | ||
* | Akero Therapeutics Inc. | 1,956 | 89 |
* | NGM Biopharmaceuticals Inc. | 18,851 | 89 |
*,1 | Foghorn Therapeutics Inc. | 15,537 | 89 |
* | CTI BioPharma Corp. | 15,485 | 85 |
*,1 | Gossamer Bio Inc. | 49,112 | 85 |
* | Precigen Inc. | 67,491 | 85 |
* | Recursion Pharmaceuticals Inc. Class A | 9,765 | 80 |
* | Enanta Pharmaceuticals Inc. | 1,621 | 79 |
* | Tactile Systems Technology Inc. | 5,106 | 74 |
* | Vera Therapeutics Inc. Class A | 9,975 | 74 |
* | Chimerix Inc. | 42,375 | 67 |
* | Alpine Immune Sciences Inc. | 8,450 | 67 |
1 | AirSculpt Technologies Inc. | 9,696 | 64 |
* | Lexicon Pharmaceuticals Inc. | 24,853 | 56 |
* | Relmada Therapeutics Inc. | 15,477 | 56 |
*,1 | Prime Medicine Inc. | 3,422 | 56 |
* | Eiger BioPharmaceuticals Inc. | 29,311 | 55 |
*,1 | HilleVax Inc. | 3,126 | 53 |
* | Thorne HealthTech Inc. | 10,168 | 50 |
1 | Babylon Holdings Ltd. Class A | 4,826 | 48 |
* | BioLife Solutions Inc. | 1,935 | 45 |
* | PepGen Inc. | 2,973 | 45 |
* | Sangamo Therapeutics Inc. | 13,378 | 41 |
* | Quanterix Corp. | 3,430 | 38 |
* | Oncology Institute Inc. | 26,770 | 38 |
* | Adaptive Biotechnologies Corp. | 4,173 | 36 |
* | SomaLogic Inc. | 13,968 | 36 |
* | GreenLight Biosciences Holdings PBC | 74,234 | 36 |
* | Celularity Inc. | 51,859 | 36 |
*,1 | 908 Devices Inc. | 3,785 | 34 |
* | HealthStream Inc. | 1,188 | 31 |
* | EyePoint Pharmaceuticals Inc. | 9,307 | 31 |
* | OmniAb Inc. (XNMS) | 7,163 | 30 |
* | Atara Biotherapeutics Inc. | 6,348 | 26 |
*,1 | Nano-X Imaging Ltd. | 3,526 | 26 |
* | Pear Therapeutics Inc. | 22,624 | 22 |
*,1 | An2 Therapeutics Inc. | 1,890 | 21 |
* | VistaGen Therapeutics Inc. | 115,124 | 20 |
* | LifeStance Health Group Inc. | 3,647 | 19 |
*,1,2 | Tobira Therapeutics Inc. CVR | 3,989 | 18 |
* | Third Harmonic Bio Inc. | 4,165 | 18 |
* | Sight Sciences Inc. | 1,572 | 17 |
* | Inogen Inc. | 995 | 16 |
* | Vaxart Inc. | 19,191 | 15 |
* | P3 Health Partners Inc. | 11,627 | 14 |
* | Science 37 Holdings Inc. | 43,763 | 14 |
* | Mineralys Therapeutics Inc. | 797 | 14 |
* | MeiraGTx Holdings plc | 1,703 | 13 |
* | Innovage Holding Corp. | 1,700 | 13 |
* | Praxis Precision Medicines Inc. | 2,521 | 8 |
*,1 | Tenon Medical Inc. | 3,594 | 8 |
*,1,2 | Synergy Pharmaceuticals Inc. | 124,654 | — |
Shares | Market Value• ($000) | ||
*,2 | Progenics Pharmaceuticals Inc. CVR | 71,640 | — |
*,2 | Prevail Therapeutics Inc. CVR | 58 | — |
*,1 | Gelesis Holdings Inc. | 128 | — |
*,2 | OmniAb Inc. 12.5 Earnout | 532 | — |
*,2 | OmniAb Inc. 15 Earnout | 532 | — |
206,515 | |||
Industrials (20.5%) | |||
EMCOR Group Inc. | 37,289 | 6,235 | |
* | Saia Inc. | 21,018 | 5,693 |
* | Atkore Inc. | 32,609 | 4,762 |
* | Chart Industries Inc. | 33,660 | 4,494 |
Applied Industrial Technologies Inc. | 30,245 | 4,321 | |
* | ExlService Holdings Inc. | 25,612 | 4,213 |
Exponent Inc. | 40,178 | 4,134 | |
Comfort Systems USA Inc. | 27,950 | 4,065 | |
* | ATI Inc. | 97,914 | 3,980 |
Watts Water Technologies Inc. Class A | 21,671 | 3,797 | |
* | Fluor Corp. | 102,502 | 3,759 |
Maximus Inc. | 45,193 | 3,709 | |
Simpson Manufacturing Co. Inc. | 33,827 | 3,649 | |
Insperity Inc. | 28,675 | 3,558 | |
Franklin Electric Co. Inc. | 36,344 | 3,473 | |
* | ASGN Inc. | 38,699 | 3,436 |
AAON Inc. | 34,572 | 3,145 | |
* | Bloom Energy Corp. Class A | 141,866 | 3,077 |
* | AMN Healthcare Services Inc. | 34,122 | 3,071 |
Herc Holdings Inc. | 19,816 | 2,845 | |
Badger Meter Inc. | 23,079 | 2,807 | |
John Bean Technologies Corp. | 24,904 | 2,762 | |
* | Aerojet Rocketdyne Holdings Inc. | 47,187 | 2,659 |
HB Fuller Co. | 36,107 | 2,519 | |
Federal Signal Corp. | 47,063 | 2,483 | |
* | TriNet Group Inc. | 29,521 | 2,446 |
Korn Ferry | 41,843 | 2,339 | |
Brink's Co. | 35,796 | 2,336 | |
* | ACI Worldwide Inc. | 88,540 | 2,289 |
Zurn Elkay Water Solutions Corp. | 97,995 | 2,254 | |
* | O-I Glass Inc. | 99,463 | 2,210 |
Forward Air Corp. | 21,198 | 2,188 | |
Installed Building Products Inc. | 18,933 | 2,184 | |
* | GMS Inc. | 33,591 | 2,039 |
* | Marqeta Inc. Class A | 342,655 | 1,987 |
Kadant Inc. | 9,157 | 1,966 | |
McGrath RentCorp. | 19,095 | 1,964 | |
* | Dycom Industries Inc. | 22,801 | 1,920 |
* | Verra Mobility Corp. Class A | 110,632 | 1,906 |
* | CBIZ Inc. | 37,850 | 1,896 |
* | Beacon Roofing Supply Inc. | 28,466 | 1,850 |
EVERTEC Inc. | 48,135 | 1,772 | |
Helios Technologies Inc. | 25,776 | 1,746 | |
Mueller Water Products Inc. Class A | 123,042 | 1,707 | |
* | AeroVironment Inc. | 19,479 | 1,670 |
CSW Industrials Inc. | 11,548 | 1,635 | |
* | MYR Group Inc. | 12,949 | 1,562 |
Veritiv Corp. | 10,317 | 1,562 |
Shares | Market Value• ($000) | ||
* | Masonite International Corp. | 17,543 | 1,558 |
Brady Corp. Class A | 27,917 | 1,540 | |
Terex Corp. | 25,888 | 1,533 | |
Belden Inc. | 17,834 | 1,505 | |
H&E Equipment Services Inc. | 25,145 | 1,396 | |
Lindsay Corp. | 8,663 | 1,304 | |
Hillenbrand Inc. | 27,356 | 1,290 | |
* | Evo Payments Inc. Class A | 37,512 | 1,270 |
Alamo Group Inc. | 6,760 | 1,233 | |
Enerpac Tool Group Corp. Class A | 45,217 | 1,218 | |
* | Remitly Global Inc. | 78,965 | 1,155 |
* | NV5 Global Inc. | 10,731 | 1,129 |
* | Flywire Corp. | 44,738 | 1,106 |
* | Montrose Environmental Group Inc. | 21,737 | 1,058 |
Otter Tail Corp. | 14,566 | 1,033 | |
* | AvidXchange Holdings Inc. | 103,081 | 1,026 |
ICF International Inc. | 10,210 | 1,016 | |
* | Payoneer Global Inc. | 174,071 | 1,010 |
* | ZipRecruiter Inc. Class A | 57,825 | 986 |
* | Energy Recovery Inc. | 44,041 | 972 |
Kforce Inc. | 15,525 | 970 | |
* | StoneCo. Ltd. Class A | 113,970 | 970 |
* | PGT Innovations Inc. | 45,684 | 966 |
Wabash National Corp. | 32,541 | 892 | |
*,1 | Joby Aviation Inc. | 184,734 | 868 |
* | Construction Partners Inc. Class A | 31,452 | 851 |
* | Vicor Corp. | 17,399 | 818 |
Apogee Enterprises Inc. | 17,605 | 806 | |
*,1 | Enovix Corp. | 86,206 | 795 |
* | Rocket Lab USA Inc. | 170,633 | 768 |
Marten Transport Ltd. | 34,251 | 756 | |
* | Sterling Infrastructure Inc. | 19,320 | 743 |
Myers Industries Inc. | 28,719 | 742 | |
* | Napco Security Technologies Inc. | 23,289 | 736 |
Mesa Laboratories Inc. | 4,045 | 714 | |
Shyft Group Inc. | 27,269 | 707 | |
CRA International Inc. | 5,453 | 679 | |
Griffon Corp. | 18,480 | 674 | |
* | Janus International Group Inc. | 64,841 | 674 |
Douglas Dynamics Inc. | 17,813 | 664 | |
* | Huron Consulting Group Inc. | 9,297 | 653 |
* | International Money Express Inc. | 24,606 | 629 |
* | LegalZoom.Com Inc. | 75,659 | 618 |
ArcBest Corp. | 6,384 | 614 | |
* | CryoPort Inc. | 28,337 | 614 |
TTEC Holdings Inc. | 14,906 | 600 | |
Pitney Bowes Inc. | 136,008 | 590 | |
*,1 | Nikola Corp. | 250,220 | 555 |
* | SP Plus Corp. | 15,823 | 538 |
*,1 | Virgin Galactic Holdings Inc. | 91,397 | 525 |
* | Transcat Inc. | 5,653 | 509 |
* | Titan International Inc. | 40,501 | 503 |
* | Cimpress plc | 13,867 | 487 |
Albany International Corp. Class A | 4,785 | 483 | |
Barrett Business Services Inc. | 4,844 | 465 | |
Tennant Co. | 6,406 | 454 | |
* | Franklin Covey Co. | 9,610 | 450 |
Shares | Market Value• ($000) | ||
Insteel Industries Inc. | 14,734 | 438 | |
* | I3 Verticals Inc. Class A | 17,315 | 426 |
*,1 | PureCycle Technologies Inc. | 66,464 | 424 |
Allied Motion Technologies Inc. | 9,675 | 418 | |
Moog Inc. Class A | 3,752 | 370 | |
* | Diversey Holdings Ltd. | 61,539 | 364 |
* | Air Transport Services Group Inc. | 17,095 | 358 |
* | Proterra Inc. | 84,349 | 354 |
* | Target Hospitality Corp. | 23,274 | 345 |
* | Hudson Technologies Inc. | 33,717 | 342 |
EnerSys | 3,731 | 338 | |
* | JELD-WEN Holding Inc. | 24,600 | 323 |
Cadre Holdings Inc. | 14,982 | 322 | |
* | Babcock & Wilcox Enterprises Inc. | 48,658 | 316 |
* | Forrester Research Inc. | 8,915 | 293 |
* | Blue Bird Corp. | 14,020 | 285 |
Werner Enterprises Inc. | 6,074 | 282 | |
* | Aspen Aerogels Inc. | 24,661 | 268 |
* | Daseke Inc. | 32,935 | 268 |
Trinity Industries Inc. | 9,582 | 267 | |
* | ShotSpotter Inc. | 7,134 | 243 |
*,1 | Workhorse Group Inc. | 111,035 | 229 |
* | Sterling Check Corp. | 17,125 | 218 |
* | Vivint Smart Home Inc. | 18,704 | 210 |
United States Lime & Minerals Inc. | 1,269 | 205 | |
Greif Inc. Class A | 2,759 | 196 | |
Kronos Worldwide Inc. | 17,166 | 194 | |
* | IBEX Holdings Ltd. | 6,928 | 194 |
* | IES Holdings Inc. | 4,594 | 193 |
* | Hireright Holdings Corp. | 16,360 | 180 |
ESCO Technologies Inc. | 1,866 | 174 | |
GATX Corp. | 1,535 | 167 | |
* | Itron Inc. | 2,816 | 157 |
Textainer Group Holdings Ltd. | 4,784 | 157 | |
* | Cantaloupe Inc. | 26,919 | 155 |
* | Distribution Solutions Group Inc. | 3,375 | 150 |
* | PAM Transportation Services Inc. | 5,126 | 149 |
Chase Corp. | 1,503 | 147 | |
*,1 | Velo3D Inc. | 44,204 | 140 |
* | CS Disco Inc. | 19,672 | 138 |
Luxfer Holdings plc | 8,238 | 136 | |
* | OSI Systems Inc. | 1,395 | 129 |
* | CIRCOR International Inc. | 4,357 | 128 |
* | Atlas Technical Consultants Inc. | 10,369 | 127 |
Patrick Industries Inc. | 1,732 | 126 | |
Universal Logistics Holdings Inc. | 4,241 | 126 | |
* | DHI Group Inc. | 27,709 | 117 |
* | Proto Labs Inc. | 3,525 | 111 |
*,1 | Custom Truck One Source Inc. | 15,090 | 109 |
*,1 | Microvast Holdings Inc. | 81,752 | 105 |
* | Cross Country Healthcare Inc. | 3,716 | 98 |
Cass Information Systems Inc. | 1,819 | 88 | |
Gorman-Rupp Co. | 3,162 | 88 | |
*,1 | Hyzon Motors Inc. | 66,980 | 87 |
* | Green Dot Corp. Class A | 3,858 | 73 |
Shares | Market Value• ($000) | ||
* | Great Lakes Dredge & Dock Corp. | 12,201 | 70 |
* | Atlanticus Holdings Corp. | 2,070 | 66 |
Karat Packaging Inc. | 4,259 | 66 | |
Information Services Group Inc. | 11,970 | 63 | |
Greif Inc. Class B | 741 | 61 | |
Primoris Services Corp. | 2,201 | 61 | |
* | Priority Technology Holdings Inc. | 14,890 | 58 |
* | Donnelley Financial Solutions Inc. | 1,352 | 57 |
* | Sarcos Technology and Robotics Corp. | 84,275 | 53 |
* | First Advantage Corp. | 3,528 | 51 |
* | Berkshire Grey Inc. | 35,992 | 47 |
*,1 | AEye Inc. | 79,222 | 47 |
* | Radiant Logistics Inc. | 6,925 | 39 |
* | American Woodmark Corp. | 691 | 35 |
* | CompoSecure Inc. | 5,001 | 35 |
*,1 | Xos Inc. | 40,379 | 31 |
* | Cepton Inc. | 29,945 | 31 |
* | FARO Technologies Inc. | 1,049 | 29 |
*,1 | Lightning eMotors Inc. | 30,311 | 20 |
*,1 | Cerberus Cyber Sentinel Corp. | 35,216 | 20 |
Miller Industries Inc. | 605 | 17 | |
* | Willdan Group Inc. | 861 | 16 |
* | Markforged Holding Corp. | 12,007 | 16 |
*,1 | Momentus Inc. | 14,342 | 12 |
*,1 | Redwire Corp. | 2,579 | 10 |
* | Moneylion Inc. | 7,333 | 5 |
200,553 | |||
Other (0.0%)3 | |||
Scilex Holding Co. | 8,622 | 67 | |
*,2 | Aduro Biotech Inc. CVR | 9,451 | 2 |
*,1,2 | GTX Inc. CVR | 530 | 1 |
70 | |||
Real Estate (2.2%) | |||
Phillips Edison & Co. Inc. | 92,449 | 3,152 | |
Outfront Media Inc. | 115,661 | 2,018 | |
Innovative Industrial Properties Inc. | 21,930 | 1,939 | |
* | Cushman & Wakefield plc | 125,303 | 1,621 |
Tanger Factory Outlet Centers Inc. | 80,051 | 1,512 | |
DigitalBridge Group Inc. | 112,916 | 1,385 | |
St. Joe Co. | 27,174 | 1,164 | |
NexPoint Residential Trust Inc. | 16,671 | 807 | |
* | Compass Inc. Class A | 214,268 | 774 |
Marcus & Millichap Inc. | 19,887 | 684 | |
1 | eXp World Holdings Inc. | 54,599 | 660 |
* | Redfin Corp. | 84,009 | 622 |
UMH Properties Inc. | 32,870 | 559 | |
Universal Health Realty Income Trust | 10,239 | 543 | |
Community Healthcare Trust Inc. | 11,014 | 427 | |
Safehold Inc. | 13,081 | 391 | |
Gladstone Commercial Corp. | 27,960 | 382 | |
Alexander's Inc. | 1,682 | 368 | |
Saul Centers Inc. | 8,303 | 326 | |
Corporate Office Properties Trust | 10,649 | 271 | |
PotlatchDeltic Corp. | 5,759 | 266 |
Shares | Market Value• ($000) | ||
Essential Properties Realty Trust Inc. | 10,135 | 261 | |
Gladstone Land Corp. | 13,779 | 243 | |
RMR Group Inc. Class A | 7,638 | 215 | |
Four Corners Property Trust Inc. | 6,256 | 170 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 4,508 | 142 | |
Postal Realty Trust Inc. Class A | 8,401 | 123 | |
CareTrust REIT Inc. | 5,819 | 114 | |
Newmark Group Inc. Class A | 7,792 | 62 | |
* | Forestar Group Inc. | 3,728 | 53 |
Clipper Realty Inc. | 7,693 | 51 | |
*,1 | Offerpad Solutions Inc. | 52,693 | 30 |
* | Bluerock Homes Trust Inc. | 1,006 | 22 |
Douglas Elliman Inc. | 4,191 | 18 | |
Hersha Hospitality Trust Class A | 1,297 | 11 | |
Industrial Logistics Properties Trust | 2,557 | 10 | |
21,396 | |||
Technology (16.8%) | |||
* | Silicon Laboratories Inc. | 26,147 | 4,668 |
* | Novanta Inc. | 28,014 | 4,396 |
* | SPS Commerce Inc. | 28,707 | 4,324 |
* | Tenable Holdings Inc. | 88,220 | 3,902 |
* | Box Inc. Class A | 110,728 | 3,693 |
Power Integrations Inc. | 44,826 | 3,687 | |
* | Synaptics Inc. | 31,292 | 3,680 |
* | Qualys Inc. | 30,406 | 3,593 |
* | Super Micro Computer Inc. | 36,508 | 3,577 |
* | Fabrinet | 29,118 | 3,549 |
* | Workiva Inc. Class A | 37,602 | 3,354 |
* | Axcelis Technologies Inc. | 25,747 | 3,310 |
* | Onto Innovation Inc. | 39,063 | 3,222 |
* | Rambus Inc. | 70,818 | 3,132 |
* | Blackline Inc. | 43,564 | 2,978 |
* | Insight Enterprises Inc. | 20,933 | 2,803 |
Advanced Energy Industries Inc. | 29,635 | 2,758 | |
* | MACOM Technology Solutions Holdings Inc. Class H | 40,008 | 2,742 |
* | Envestnet Inc. | 43,505 | 2,720 |
* | Ambarella Inc. | 28,768 | 2,713 |
* | Altair Engineering Inc. Class A | 40,995 | 2,626 |
Kulicke & Soffa Industries Inc. | 45,011 | 2,399 | |
* | Diodes Inc. | 25,684 | 2,355 |
* | Varonis Systems Inc. Class B | 86,055 | 2,330 |
* | Sprout Social Inc. Class A | 36,882 | 2,249 |
* | Rapid7 Inc. | 46,501 | 2,200 |
* | Rogers Corp. | 14,806 | 2,179 |
* | CommVault Systems Inc. | 35,085 | 2,066 |
* | Impinj Inc. | 15,368 | 2,038 |
* | PagerDuty Inc. | 68,128 | 2,034 |
* | Appfolio Inc. Class A | 15,294 | 2,020 |
* | MaxLinear Inc. | 57,668 | 1,973 |
Progress Software Corp. | 33,866 | 1,945 | |
* | Blackbaud Inc. | 34,711 | 1,933 |
* | Alarm.com Holdings Inc. | 37,976 | 1,930 |
* | Perficient Inc. | 26,955 | 1,908 |
Shares | Market Value• ($000) | ||
* | FormFactor Inc. | 60,846 | 1,831 |
* | Plexus Corp. | 18,476 | 1,772 |
* | DigitalOcean Holdings Inc. | 54,962 | 1,758 |
* | Verint Systems Inc. | 45,752 | 1,710 |
* | Yelp Inc. Class A | 53,260 | 1,599 |
* | Sitime Corp. | 12,786 | 1,587 |
* | Semtech Corp. | 49,895 | 1,537 |
Clear Secure Inc. Class A | 49,455 | 1,520 | |
* | Q2 Holdings Inc. | 44,123 | 1,424 |
Shutterstock Inc. | 18,925 | 1,424 | |
CSG Systems International Inc. | 24,532 | 1,379 | |
* | Cargurus Inc. | 80,581 | 1,374 |
* | Appian Corp. Class A | 31,605 | 1,310 |
* | Agilysys Inc. | 15,704 | 1,255 |
* | Duck Creek Technologies Inc. | 60,981 | 1,155 |
*,1 | MicroStrategy Inc. Class A | 4,389 | 1,151 |
* | Upwork Inc. | 95,622 | 1,084 |
CTS Corp. | 25,016 | 1,083 | |
* | Everbridge Inc. | 31,582 | 1,032 |
* | Model N Inc. | 28,977 | 962 |
* | Zeta Global Holdings Corp. Class A | 87,718 | 931 |
* | Schrodinger Inc. | 42,649 | 927 |
* | PDF Solutions Inc. | 23,831 | 892 |
* | ePlus Inc. | 16,145 | 875 |
* | Asana Inc. Class A | 58,230 | 861 |
*,1 | indie Semiconductor Inc. | 80,884 | 846 |
* | Zuora Inc. Class A | 97,271 | 824 |
*,1 | Xometry Inc. Class A | 26,981 | 821 |
* | TechTarget Inc. | 21,624 | 816 |
* | Credo Technology Group Holding Ltd. | 75,811 | 804 |
* | Digital Turbine Inc. | 74,225 | 797 |
* | Momentive Global Inc. | 102,041 | 704 |
* | Sumo Logic Inc. | 59,024 | 701 |
* | Veeco Instruments Inc. | 32,078 | 682 |
* | Yext Inc. | 89,752 | 659 |
* | SMART Global Holdings Inc. | 37,926 | 633 |
A10 Networks Inc. | 40,191 | 612 | |
* | Photronics Inc. | 34,116 | 601 |
* | EngageSmart Inc. | 27,919 | 587 |
* | Amplitude Inc. Class A | 43,742 | 577 |
* | CEVA Inc. | 17,858 | 564 |
* | LivePerson Inc. | 55,569 | 562 |
* | PROS Holdings Inc. | 21,335 | 557 |
* | N-Able Inc. | 46,521 | 551 |
* | Ziff Davis Inc. | 6,828 | 539 |
*,1 | AvePoint Inc. | 102,273 | 511 |
* | Avid Technology Inc. | 17,242 | 501 |
* | Planet Labs PBC | 108,036 | 498 |
* | Grid Dynamics Holdings Inc. | 42,611 | 496 |
* | BigCommerce Holdings Inc. Series 1 | 51,649 | 492 |
* | Eventbrite Inc. Class A | 54,435 | 477 |
* | PubMatic Inc. Class A | 30,963 | 470 |
Simulations Plus Inc. | 12,196 | 464 | |
* | Intapp Inc. | 11,418 | 452 |
*,1 | ForgeRock Inc. Class A | 21,950 | 449 |
* | Alkami Technology Inc. | 28,741 | 441 |
* | Vimeo Inc. | 111,926 | 429 |
* | NerdWallet Inc. Class A | 20,745 | 428 |
Amkor Technology Inc. | 16,392 | 422 | |
* | Matterport Inc. | 134,425 | 410 |
Shares | Market Value• ($000) | ||
* | Ultra Clean Holdings Inc. | 12,130 | 386 |
Sapiens International Corp. NV | 18,295 | 377 | |
* | Domo Inc. Class B | 24,368 | 375 |
*,1 | Couchbase Inc. | 22,370 | 364 |
Hackett Group Inc. | 19,342 | 361 | |
* | Alpha & Omega Semiconductor Ltd. | 13,414 | 358 |
*,1 | MicroVision Inc. | 129,445 | 331 |
* | Consensus Cloud Solutions Inc. | 7,158 | 294 |
* | MeridianLink Inc. | 18,373 | 290 |
* | Mediaalpha Inc. Class A | 19,093 | 289 |
* | Mitek Systems Inc. | 30,856 | 287 |
* | PAR Technology Corp. | 7,921 | 271 |
*,1 | Nutex Health Inc. | 195,481 | 268 |
* | SmartRent Inc. | 94,144 | 244 |
American Software Inc. Class A | 17,888 | 242 | |
* | Enfusion Inc. Class A | 21,319 | 229 |
* | EverQuote Inc. Class A | 15,814 | 216 |
* | Digimarc Corp. | 10,218 | 208 |
* | Unisys Corp. | 38,802 | 193 |
*,1 | C3.ai Inc. Class A | 8,516 | 192 |
*,1 | Tucows Inc. Class A | 7,735 | 179 |
* | Rimini Street Inc. | 39,866 | 171 |
*,1 | Veritone Inc. | 24,114 | 171 |
* | Telos Corp. | 42,070 | 163 |
*,1 | Red Violet Inc. | 7,858 | 160 |
* | OneSpan Inc. | 11,175 | 151 |
*,1 | NextNav Inc. | 51,541 | 142 |
* | Squarespace Inc. Class A | 6,009 | 141 |
* | Diebold Nixdorf Inc. | 42,443 | 137 |
* | Brightcove Inc. | 23,669 | 127 |
*,1 | Weave Communications Inc. | 24,146 | 125 |
* | Edgio Inc. | 98,092 | 121 |
* | Identiv Inc. | 17,148 | 120 |
* | SkyWater Technology Inc. | 9,161 | 120 |
*,1 | Atomera Inc. | 15,871 | 105 |
* | Arteris Inc. | 14,816 | 97 |
* | Innovid Corp. | 52,001 | 88 |
Ebix Inc. | 4,348 | 76 | |
* | Transphorm Inc. | 18,631 | 70 |
*,1 | Cyxtera Technologies Inc. | 28,414 | 64 |
* | WM Technology Inc. | 51,206 | 57 |
*,1 | Applied Digital Corp. | 20,609 | 55 |
* | eGain Corp. | 6,958 | 54 |
* | IonQ Inc. | 11,468 | 54 |
* | Bandwidth Inc. Class A | 3,352 | 53 |
* | Arena Group Holdings Inc. | 6,743 | 53 |
* | ACM Research Inc. Class A | 5,032 | 52 |
*,1 | Vinco Ventures Inc. | 101,231 | 50 |
*,1 | Adtheorent Holdings Co. Inc. | 28,051 | 43 |
* | Viant Technology Inc. Class A | 10,207 | 40 |
*,1 | Vivid Seats Inc. Class A | 4,694 | 36 |
*,1 | Wejo Group Ltd. | 48,294 | 32 |
* | EverCommerce Inc. | 2,430 | 24 |
* | IronNet Inc. | 50,014 | 24 |
* | Groupon Inc. Class A | 1,602 | 12 |
* | Loyalty Ventures Inc. | 5,738 | 10 |
*,1 | Leafly Holdings Inc. | 17,727 | 10 |
* | Aeva Technologies Inc. | 4,262 | 8 |
*,1 | Beachbody Co. Inc. | 12,959 | 8 |
* | Terawulf Inc. | 5,689 | 4 |
Shares | Market Value• ($000) | ||
* | Cryptyde Inc. | 7,830 | 1 |
*,1 | Cipher Mining Inc. | 120 | — |
164,779 | |||
Telecommunications (2.2%) | |||
* | Iridium Communications Inc. | 98,619 | 6,052 |
* | Viavi Solutions Inc. | 179,788 | 1,967 |
* | Extreme Networks Inc. | 101,247 | 1,895 |
* | Calix Inc. | 35,700 | 1,826 |
Cogent Communications Holdings Inc. | 18,547 | 1,201 | |
* | CommScope Holding Co. Inc. | 161,835 | 1,172 |
*,1 | Infinera Corp. | 152,772 | 1,080 |
* | Harmonic Inc. | 72,647 | 958 |
Adtran Holdings Inc. | 54,686 | 954 | |
InterDigital Inc. | 8,736 | 638 | |
* | Globalstar Inc. | 449,614 | 575 |
* | Clearfield Inc. | 9,045 | 567 |
*,1 | Lightwave Logic Inc. | 88,603 | 523 |
* | 8x8 Inc. | 88,416 | 470 |
* | Digi International Inc. | 9,118 | 304 |
* | WideOpenWest Inc. | 24,236 | 265 |
* | IDT Corp. Class B | 8,587 | 261 |
* | Ooma Inc. | 19,230 | 252 |
* | Cambium Networks Corp. | 8,865 | 178 |
* | Akoustis Technologies Inc. | 41,868 | 157 |
* | DZS Inc. | 13,909 | 147 |
* | Anterix Inc. | 4,059 | 123 |
*,1 | Charge Enterprises Inc. | 103,422 | 117 |
* | Casa Systems Inc. | 27,659 | 100 |
* | Gogo Inc. | 3,151 | 52 |
* | Consolidated Communications Holdings Inc. | 5,228 | 16 |
*,1 | Inseego Corp. | 14,333 | 13 |
21,863 | |||
Utilities (2.3%) | |||
* | Evoqua Water Technologies Corp. | 92,772 | 4,505 |
Brookfield Infrastructure Corp. Class A (XTSE) | 77,448 | 3,346 | |
* | Casella Waste Systems Inc. Class A | 39,381 | 3,065 |
Clearway Energy Inc. Class C | 64,425 | 2,024 | |
Ormat Technologies Inc. (XNYS) | 21,683 | 1,833 | |
American States Water Co. | 13,839 | 1,236 | |
Middlesex Water Co. | 13,892 | 1,063 | |
Chesapeake Utilities Corp. | 7,730 | 990 | |
MGE Energy Inc. | 12,321 | 872 |
Shares | Market Value• ($000) | ||
Clearway Energy Inc. Class A | 27,731 | 824 | |
California Water Service Group | 11,042 | 632 | |
York Water Co. | 11,112 | 483 | |
*,1 | Vertex Energy Inc. | 37,204 | 352 |
New Jersey Resources Corp. | 6,082 | 310 | |
Southwest Gas Holdings Inc. | 4,886 | 308 | |
Artesian Resources Corp. Class A | 4,383 | 247 | |
*,1 | Li-Cycle Holdings Corp. | 40,578 | 246 |
Aris Water Solution Inc. Class A | 17,068 | 242 | |
Global Water Resources Inc. | 11,063 | 146 | |
* | Pure Cycle Corp. | 15,007 | 132 |
* | Altus Power Inc. | 10,639 | 72 |
Via Renewables Inc. Class A | 8,096 | 47 | |
22,975 | |||
Total Common Stocks (Cost $887,802) | 977,419 | ||
Temporary Cash Investments (4.1%) | |||
Money Market Fund (4.1%) | |||
4,5 | Vanguard Market Liquidity Fund, 4.640% (Cost $40,014) | 400,222 | 40,018 |
Total Investments (103.9%) (Cost $927,816) | 1,017,437 | ||
Other Assets and Liabilities—Net (-3.9%) | (38,521) | ||
Net Assets (100%) | 978,916 | ||
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 $35,826,000. |
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 $39,624,000 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 2023 | 11 | 1,045 | 2 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $887,802) | 977,419 |
Affiliated Issuers (Cost $40,014) | 40,018 |
Total Investments in Securities | 1,017,437 |
Investment in Vanguard | 35 |
Cash | 684 |
Cash Collateral Pledged—Futures Contracts | 70 |
Receivables for Investment Securities Sold | 320 |
Receivables for Accrued Income | 597 |
Receivables for Capital Shares Issued | 89 |
Variation Margin Receivable—Futures Contracts | 20 |
Total Assets | 1,019,252 |
Liabilities | |
Payables for Investment Securities Purchased | 601 |
Collateral for Securities on Loan | 39,624 |
Payables for Capital Shares Redeemed | 65 |
Payables to Vanguard | 46 |
Total Liabilities | 40,336 |
Net Assets | 978,916 |
1 Includes $35,826,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 1,184,777 |
Total Distributable Earnings (Loss) | (205,861) |
Net Assets | 978,916 |
ETF Shares—Net Assets | |
Applicable to 4,200,393 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 712,423 |
Net Asset Value Per Share—ETF Shares | $169.61 |
Institutional Shares—Net Assets | |
Applicable to 824,731 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 266,493 |
Net Asset Value Per Share—Institutional Shares | $323.13 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 3,878 |
Interest2 | 13 |
Securities Lending—Net | 956 |
Total Income | 4,847 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 11 |
Management and Administrative—ETF Shares | 417 |
Management and Administrative—Institutional Shares | 84 |
Marketing and Distribution—ETF Shares | 19 |
Marketing and Distribution—Institutional Shares | 4 |
Custodian Fees | 23 |
Shareholders’ Reports—ETF Shares | 24 |
Shareholders’ Reports—Institutional Shares | 2 |
Trustees’ Fees and Expenses | — |
Other Expenses | 7 |
Total Expenses | 591 |
Net Investment Income | 4,256 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 10,175 |
Futures Contracts | (77) |
Realized Net Gain (Loss) | 10,098 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 15,584 |
Futures Contracts | 30 |
Change in Unrealized Appreciation (Depreciation) | 15,614 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 29,968 |
1 | Dividends are net of foreign withholding taxes of $9,000. |
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 $12,000, $1,000, less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $6,396,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 4,256 | 7,025 | |
Realized Net Gain (Loss) | 10,098 | 31,212 | |
Change in Unrealized Appreciation (Depreciation) | 15,614 | (327,709) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 29,968 | (289,472) | |
Distributions | |||
ETF Shares | (3,607) | (3,596) | |
Institutional Shares | (1,486) | (3,487) | |
Total Distributions | (5,093) | (7,083) | |
Capital Share Transactions | |||
ETF Shares | 36,696 | 102,858 | |
Institutional Shares | 4,970 | (380,738) | |
Net Increase (Decrease) from Capital Share Transactions | 41,666 | (277,880) | |
Total Increase (Decrease) | 66,541 | (574,435) | |
Net Assets | |||
Beginning of Period | 912,375 | 1,486,810 | |
End of Period | 978,916 | 912,375 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $165.45 | $222.64 | $164.83 | $141.63 | $160.12 | $123.26 |
Investment Operations | ||||||
Net Investment Income1 | .740 | 1.137 | .839 | 1.097 | .971 | .895 |
Net Realized and Unrealized Gain (Loss) on Investments | 4.319 | (57.266) | 57.852 | 23.237 | (18.527) | 36.791 |
Total from Investment Operations | 5.059 | (56.129) | 58.691 | 24.334 | (17.556) | 37.686 |
Distributions | ||||||
Dividends from Net Investment Income | (.899) | (1.061) | (.881) | (1.134) | (.934) | (.826) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.899) | (1.061) | (.881) | (1.134) | (.934) | (.826) |
Net Asset Value, End of Period | $169.61 | $165.45 | $222.64 | $164.83 | $141.63 | $160.12 |
Total Return | 3.11% | -25.28% | 35.67% | 17.32% | -10.97% | 30.69% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $712 | $658 | $735 | $371 | $301 | $328 |
Ratio of Total Expenses to Average Net Assets | 0.15%2 | 0.15% | 0.15% | 0.15% | 0.15% | 0.20% |
Ratio of Net Investment Income to Average Net Assets | 0.85% | 0.61% | 0.40% | 0.75% | 0.68% | 0.64% |
Portfolio Turnover Rate3 | 5% | 33% | 47% | 38% | 28% | 35% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.15%. |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $315.20 | $424.16 | $314.01 | $269.76 | $305.04 | $234.80 |
Investment Operations | ||||||
Net Investment Income1 | 1.520 | 2.706 | 1.912 | 2.275 | 2.021 | 2.026 |
Net Realized and Unrealized Gain (Loss) on Investments | 8.223 | (109.390) | 110.162 | 44.269 | (35.267) | 70.080 |
Total from Investment Operations | 9.743 | (106.684) | 112.074 | 46.544 | (33.246) | 72.106 |
Distributions | ||||||
Dividends from Net Investment Income | (1.813) | (2.276) | (1.924) | (2.294) | (2.034) | (1.866) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.813) | (2.276) | (1.924) | (2.294) | (2.034) | (1.866) |
Net Asset Value, End of Period | $323.13 | $315.20 | $424.16 | $314.01 | $269.76 | $305.04 |
Total Return | 3.14% | -25.24% | 35.77% | 17.42% | -10.91% | 30.85% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $266 | $255 | $752 | $500 | $472 | $545 |
Ratio of Total Expenses to Average Net Assets | 0.08%2 | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 0.92% | 0.72% | 0.48% | 0.82% | 0.75% | 0.76% |
Portfolio Turnover Rate3 | 5% | 33% | 47% | 38% | 28% | 35% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.08%. |
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 | ||||
Common Stocks | 977,398 | — | 21 | 977,419 |
Temporary Cash Investments | 40,018 | — | — | 40,018 |
Total | 1,017,416 | — | 21 | 1,017,437 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 2 | — | — | 2 |
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, 2023, 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 | 935,240 |
Gross Unrealized Appreciation | 211,854 |
Gross Unrealized Depreciation | (129,655) |
Net Unrealized Appreciation (Depreciation) | 82,199 |
E. | During the six months ended February 28, 2023, the fund purchased $102,222,000 of investment securities and sold $61,593,000 of investment securities, other than temporary cash investments. Purchases and sales include $52,022,000 and $19,407,000, 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, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 56,111 | 350 | 578,438 | 3,075 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (19,415) | (125) | (475,580) | (2,400) | |
Net Increase (Decrease)—ETF Shares | 36,696 | 225 | 102,858 | 675 | |
Institutional Shares | |||||
Issued | 14,996 | 49 | 29,035 | 81 | |
Issued in Lieu of Cash Distributions | 1,412 | 5 | 3,298 | 9 | |
Redeemed | (11,438) | (37) | (413,071) | (1,055) | |
Net Increase (Decrease)—Institutional Shares | 4,970 | 17 | (380,738) | (965) |
G. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
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, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Russell 3000 Index Fund | |||
ETF Shares | $1,000.00 | $1,014.80 | $0.50 |
Institutional Shares | 1,000.00 | 1,014.80 | 0.40 |
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 | 2.3% |
Consumer Discretionary | 14.3 |
Consumer Staples | 5.5 |
Energy | 5.0 |
Financials | 12.0 |
Health Care | 13.5 |
Industrials | 13.6 |
Real Estate | 3.4 |
Technology | 24.9 |
Telecommunications | 2.5 |
Utilities | 3.0 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.8%) | |||
Basic Materials (2.3%) | |||
Linde plc | 39,741 | 13,845 | |
Air Products and Chemicals Inc. | 17,824 | 5,097 | |
Freeport-McMoRan Inc. | 114,399 | 4,687 | |
Nucor Corp. | 20,568 | 3,444 | |
Dow Inc. | 56,635 | 3,240 | |
Ecolab Inc. | 20,047 | 3,195 | |
Newmont Corp. | 64,137 | 2,797 | |
Albemarle Corp. | 9,386 | 2,387 | |
Fastenal Co. | 46,280 | 2,386 | |
LyondellBasell Industries NV Class A | 20,692 | 1,986 | |
International Flavors & Fragrances Inc. | 20,636 | 1,923 | |
Steel Dynamics Inc. | 13,359 | 1,685 | |
Mosaic Co. | 27,435 | 1,459 | |
CF Industries Holdings Inc. | 15,813 | 1,358 | |
FMC Corp. | 10,071 | 1,301 | |
Avery Dennison Corp. | 6,515 | 1,187 | |
Reliance Steel & Aluminum Co. | 4,721 | 1,170 | |
International Paper Co. | 28,739 | 1,046 | |
Celanese Corp. Class A | 8,743 | 1,016 | |
* | Cleveland-Cliffs Inc. | 40,737 | 869 |
Eastman Chemical Co. | 9,650 | 822 | |
Alcoa Corp. | 14,031 | 687 | |
Royal Gold Inc. | 5,327 | 633 | |
Olin Corp. | 10,092 | 583 | |
US Steel Corp. | 18,693 | 573 | |
* | RBC Bearings Inc. | 2,328 | 535 |
Southern Copper Corp. | 7,068 | 521 | |
Valvoline Inc. | 14,236 | 501 | |
Hexcel Corp. | 6,651 | 485 | |
Commercial Metals Co. | 9,189 | 476 | |
* | Univar Solutions Inc. | 13,036 | 453 |
Huntsman Corp. | 14,598 | 428 | |
Timken Co. | 4,993 | 427 | |
UFP Industries Inc. | 4,865 | 416 | |
Ashland Inc. | 4,051 | 412 | |
Chemours Co. | 12,018 | 411 | |
Cabot Corp. | 4,656 | 370 | |
Element Solutions Inc. | 17,746 | 365 | |
Mueller Industries Inc. | 4,587 | 339 | |
Balchem Corp. | 2,536 | 330 | |
Westlake Corp. | 2,682 | 320 | |
Avient Corp. | 7,344 | 320 | |
* | Livent Corp. | 12,746 | 299 |
Shares | Market Value• ($000) | ||
Scotts Miracle-Gro Co. | 3,303 | 273 | |
* | MP Materials Corp. | 7,350 | 257 |
Sensient Technologies Corp. | 3,396 | 256 | |
* | Ingevity Corp. | 3,033 | 250 |
Boise Cascade Co. | 3,304 | 228 | |
Hecla Mining Co. | 44,143 | 227 | |
SSR Mining Inc. (XTSE) | 16,578 | 226 | |
Innospec Inc. | 2,018 | 221 | |
Quaker Chemical Corp. | 1,121 | 219 | |
* | Arconic Corp. | 8,250 | 218 |
Carpenter Technology Corp. | 3,995 | 193 | |
Materion Corp. | 1,661 | 186 | |
Stepan Co. | 1,772 | 184 | |
Minerals Technologies Inc. | 2,732 | 166 | |
* | Constellium SE Class A | 10,319 | 165 |
NewMarket Corp. | 463 | 159 | |
Tronox Holdings plc Class A | 10,176 | 159 | |
Worthington Industries Inc. | 2,593 | 157 | |
Sylvamo Corp. | 2,899 | 143 | |
Mativ Holdings Inc. | 4,673 | 121 | |
*,1 | Uranium Energy Corp. | 31,419 | 116 |
Orion Engineered Carbons SA | 4,521 | 115 | |
Compass Minerals International Inc. | 2,839 | 109 | |
Kaiser Aluminum Corp. | 1,345 | 107 | |
* | Novagold Resources Inc. | 17,767 | 99 |
* | Piedmont Lithium Inc. | 1,506 | 98 |
GrafTech International Ltd. | 16,156 | 91 | |
AdvanSix Inc. | 2,031 | 84 | |
* | Energy Fuels Inc. | 11,483 | 77 |
* | LSB Industries Inc. | 5,413 | 74 |
* | Perimeter Solutions SA | 8,289 | 71 |
* | US Silica Holdings Inc. | 5,543 | 67 |
Ryerson Holding Corp. | 1,740 | 63 | |
* | Coeur Mining Inc. | 19,761 | 62 |
Schnitzer Steel Industries Inc. Class A | 1,895 | 62 | |
* | TimkenSteel Corp. | 3,374 | 62 |
Koppers Holdings Inc. | 1,624 | 58 | |
Hawkins Inc. | 1,379 | 56 | |
* | Ecovyst Inc. | 4,883 | 49 |
* | Century Aluminum Co. | 3,960 | 48 |
Haynes International Inc. | 868 | 47 | |
American Vanguard Corp. | 2,214 | 46 | |
* | Clearwater Paper Corp. | 1,198 | 46 |
Olympic Steel Inc. | 818 | 43 |
Shares | Market Value• ($000) | ||
* | Rayonier Advanced Materials Inc. | 4,611 | 38 |
* | Origin Materials Inc. | 7,576 | 36 |
Omega Flex Inc. | 270 | 31 | |
* | Intrepid Potash Inc. | 844 | 27 |
Tredegar Corp. | 2,137 | 25 | |
* | Northwest Pipe Co. | 581 | 22 |
* | Ivanhoe Electric Inc. | 1,462 | 22 |
FutureFuel Corp. | 2,409 | 21 | |
* | Ur-Energy Inc. | 18,996 | 20 |
* | Alto Ingredients Inc. | 6,784 | 20 |
*,1 | Amyris Inc. | 13,974 | 17 |
*,1 | 5e Advanced Materials Inc. | 2,358 | 16 |
Glatfelter Corp. | 2,239 | 9 | |
* | Unifi Inc. | 686 | 7 |
* | Dakota Gold Corp. | 2,536 | 7 |
* | Polymet Mining Corp. | 1,458 | 4 |
Valhi Inc. | 130 | 3 | |
* | Hycroft Mining Holding Corp. | 7,500 | 3 |
72,870 | |||
Consumer Discretionary (14.2%) | |||
* | Amazon.com Inc. | 715,721 | 67,442 |
* | Tesla Inc. | 208,135 | 42,815 |
Home Depot Inc. | 83,175 | 24,665 | |
Costco Wholesale Corp. | 35,656 | 17,264 | |
Walmart Inc. | 114,352 | 16,253 | |
McDonald's Corp. | 59,413 | 15,680 | |
* | Walt Disney Co. | 146,852 | 14,628 |
NIKE Inc. Class B | 98,690 | 11,723 | |
* | Netflix Inc. | 35,279 | 11,364 |
Lowe's Cos. Inc. | 50,014 | 10,290 | |
Starbucks Corp. | 92,316 | 9,425 | |
* | Booking Holdings Inc. | 3,129 | 7,898 |
TJX Cos. Inc. | 93,331 | 7,149 | |
Target Corp. | 37,357 | 6,295 | |
* | Uber Technologies Inc. | 154,870 | 5,151 |
Activision Blizzard Inc. | 62,147 | 4,739 | |
Estee Lauder Cos. Inc. Class A | 18,401 | 4,472 | |
General Motors Co. | 114,219 | 4,425 | |
* | O'Reilly Automotive Inc. | 4,976 | 4,131 |
Dollar General Corp. | 18,133 | 3,922 | |
Ford Motor Co. | 316,212 | 3,817 | |
* | AutoZone Inc. | 1,527 | 3,797 |
* | Airbnb Inc. Class A | 30,195 | 3,722 |
Marriott International Inc. Class A | 21,384 | 3,619 | |
* | Chipotle Mexican Grill Inc. Class A | 2,244 | 3,346 |
Hilton Worldwide Holdings Inc. | 21,547 | 3,114 | |
Ross Stores Inc. | 27,398 | 3,029 | |
* | Warner Bros Discovery Inc. | 190,812 | 2,980 |
Yum! Brands Inc. | 22,584 | 2,872 | |
* | Lululemon Athletica Inc. | 9,002 | 2,783 |
* | Aptiv plc | 21,869 | 2,543 |
* | Dollar Tree Inc. | 17,090 | 2,483 |
Electronic Arts Inc. | 22,337 | 2,478 | |
* | Copart Inc. | 34,252 | 2,413 |
DR Horton Inc. | 25,294 | 2,339 | |
* | Ulta Beauty Inc. | 4,042 | 2,097 |
Tractor Supply Co. | 8,932 | 2,083 | |
eBay Inc. | 44,031 | 2,021 | |
* | Delta Air Lines Inc. | 51,280 | 1,966 |
* | Trade Desk Inc. Class A | 35,086 | 1,963 |
Genuine Parts Co. | 11,075 | 1,959 |
Shares | Market Value• ($000) | ||
Lennar Corp. Class A | 19,693 | 1,905 | |
Southwest Airlines Co. | 47,283 | 1,588 | |
* | Las Vegas Sands Corp. | 26,408 | 1,518 |
Omnicom Group Inc. | 16,293 | 1,476 | |
* | Take-Two Interactive Software Inc. | 13,198 | 1,446 |
Darden Restaurants Inc. | 9,825 | 1,405 | |
* | United Airlines Holdings Inc. | 25,866 | 1,344 |
Best Buy Co. Inc. | 16,074 | 1,336 | |
* | Expedia Group Inc. | 12,243 | 1,334 |
* | Spotify Technology SA | 11,344 | 1,319 |
* | Roblox Corp. Class A | 35,714 | 1,309 |
* | Royal Caribbean Cruises Ltd. | 17,711 | 1,251 |
* | NVR Inc. | 236 | 1,221 |
* | Etsy Inc. | 9,986 | 1,212 |
Garmin Ltd. | 12,336 | 1,211 | |
LKQ Corp. | 20,126 | 1,153 | |
* | Burlington Stores Inc. | 5,265 | 1,128 |
Interpublic Group of Cos. Inc. | 31,231 | 1,110 | |
MGM Resorts International | 25,560 | 1,099 | |
Pool Corp. | 3,059 | 1,092 | |
* | Liberty Media Corp.-Liberty Formula One Class C | 16,024 | 1,088 |
PulteGroup Inc. | 18,111 | 990 | |
BorgWarner Inc. (XNYS) | 18,602 | 935 | |
* | Wynn Resorts Ltd. | 8,365 | 907 |
* | Five Below Inc. | 4,423 | 904 |
* | Live Nation Entertainment Inc. | 12,552 | 904 |
1 | Paramount Global Inc. Class B | 41,765 | 895 |
* | CarMax Inc. | 12,681 | 875 |
* | Deckers Outdoor Corp. | 2,096 | 873 |
* | Carnival Corp. | 81,272 | 863 |
* | Caesars Entertainment Inc. | 16,880 | 857 |
* | American Airlines Group Inc. | 53,109 | 849 |
Tapestry Inc. | 19,303 | 840 | |
Domino's Pizza Inc. | 2,833 | 833 | |
* | Rivian Automotive Inc. Class A | 42,699 | 824 |
Service Corp. International | 11,945 | 807 | |
* | Floor & Decor Holdings Inc. Class A | 8,421 | 773 |
* | BJ's Wholesale Club Holdings Inc. | 10,716 | 769 |
Fox Corp. Class A | 21,818 | 764 | |
Vail Resorts Inc. | 3,214 | 750 | |
Bath & Body Works Inc. | 18,342 | 750 | |
Churchill Downs Inc. | 2,849 | 700 | |
Advance Auto Parts Inc. | 4,803 | 696 | |
VF Corp. | 27,885 | 692 | |
Aramark | 18,668 | 687 | |
Williams-Sonoma Inc. | 5,322 | 665 | |
Rollins Inc. | 18,758 | 660 | |
Lear Corp. | 4,663 | 651 | |
* | Crocs Inc. | 4,868 | 592 |
Whirlpool Corp. | 4,281 | 591 | |
Tempur Sealy International Inc. | 13,642 | 583 | |
Hasbro Inc. | 10,448 | 575 | |
News Corp. Class A | 32,722 | 561 | |
Dick's Sporting Goods Inc. | 4,344 | 559 | |
Lithia Motors Inc. Class A | 2,158 | 551 | |
* | Planet Fitness Inc. Class A | 6,742 | 546 |
Shares | Market Value• ($000) | ||
Texas Roadhouse Inc. Class A | 5,316 | 540 | |
Nexstar Media Group Inc. Class A | 2,899 | 539 | |
Wyndham Hotels & Resorts Inc. | 7,003 | 539 | |
Gentex Corp. | 18,663 | 533 | |
* | DraftKings Inc. Class A | 28,034 | 529 |
* | SiteOne Landscape Supply Inc. | 3,530 | 524 |
* | Mattel Inc. | 28,795 | 518 |
Harley-Davidson Inc. | 10,831 | 515 | |
New York Times Co. Class A | 13,165 | 507 | |
* | Alaska Air Group Inc. | 10,562 | 505 |
Toll Brothers Inc. | 8,423 | 505 | |
* | Capri Holdings Ltd. | 10,060 | 499 |
Polaris Inc. | 4,349 | 495 | |
* | Norwegian Cruise Line Holdings Ltd. | 33,227 | 492 |
* | Skechers USA Inc. Class A | 10,771 | 479 |
* | Light & Wonder Inc. | 7,505 | 470 |
Marriott Vacations Worldwide Corp. | 3,048 | 466 | |
* | Avis Budget Group Inc. | 2,080 | 457 |
H&R Block Inc. | 12,431 | 457 | |
* | RH | 1,515 | 453 |
Macy's Inc. | 21,869 | 447 | |
Newell Brands Inc. | 30,409 | 447 | |
* | IAA Inc. | 10,831 | 443 |
Fox Corp. Class B | 13,639 | 440 | |
* | Hyatt Hotels Corp. Class A | 3,758 | 437 |
Murphy USA Inc. | 1,665 | 425 | |
PVH Corp. | 5,179 | 416 | |
*,1 | GameStop Corp. Class A | 21,598 | 415 |
* | Asbury Automotive Group Inc. | 1,798 | 408 |
* | Fox Factory Holding Corp. | 3,462 | 407 |
Wingstop Inc. | 2,367 | 403 | |
Boyd Gaming Corp. | 6,025 | 392 | |
*,1 | Lucid Group Inc. | 42,560 | 389 |
* | AutoNation Inc. | 2,762 | 377 |
Ralph Lauren Corp. Class A | 3,170 | 375 | |
* | Penn Entertainment Inc. | 12,256 | 374 |
Leggett & Platt Inc. | 10,792 | 372 | |
Thor Industries Inc. | 4,076 | 371 | |
* | Visteon Corp. | 2,218 | 370 |
* | Bright Horizons Family Solutions Inc. | 4,636 | 365 |
* | Liberty Media Corp.- Liberty SiriusXM Class C | 11,240 | 362 |
Academy Sports & Outdoors Inc. | 6,110 | 361 | |
* | Adient plc | 8,034 | 343 |
* | Hilton Grand Vacations Inc. | 6,798 | 325 |
* | Coty Inc. Class A | 28,309 | 320 |
U-Haul Holding Co. | 5,708 | 318 | |
* | Meritage Homes Corp. | 2,900 | 317 |
* | Peloton Interactive Inc. Class A | 24,282 | 314 |
Madison Square Garden Sports Corp. | 1,638 | 313 | |
Choice Hotels International Inc. | 2,549 | 302 | |
TEGNA Inc. | 17,385 | 302 | |
* | Taylor Morrison Home Corp. Class A | 8,323 | 298 |
Shares | Market Value• ($000) | ||
Penske Automotive Group Inc. | 2,057 | 297 | |
Wendy's Co. | 13,526 | 297 | |
* | elf Beauty Inc. | 3,959 | 296 |
* | Ollie's Bargain Outlet Holdings Inc. | 5,064 | 291 |
* | Hertz Global Holdings Inc. | 15,608 | 289 |
Foot Locker Inc. | 6,582 | 288 | |
*,1 | AMC Entertainment Holdings Inc. Class A | 40,400 | 288 |
World Wrestling Entertainment Inc. Class A | 3,415 | 287 | |
* | Skyline Champion Corp. | 4,175 | 286 |
* | Grand Canyon Education Inc. | 2,487 | 282 |
* | Topgolf Callaway Brands Corp. | 11,799 | 273 |
* | YETI Holdings Inc. | 6,940 | 271 |
Travel + Leisure Co. | 6,335 | 266 | |
* | Lyft Inc. Class A | 26,195 | 262 |
Kohl's Corp. | 9,301 | 261 | |
Signet Jewelers Ltd. | 3,638 | 261 | |
* | Wayfair Inc. Class A | 6,371 | 258 |
* | Victoria's Secret & Co. | 6,463 | 256 |
* | Goodyear Tire & Rubber Co. | 22,319 | 254 |
Group 1 Automotive Inc. | 1,143 | 253 | |
Kontoor Brands Inc. | 4,849 | 253 | |
1 | Sirius XM Holdings Inc. | 57,215 | 251 |
Columbia Sportswear Co. | 2,847 | 248 | |
* | JetBlue Airways Corp. | 29,040 | 241 |
* | National Vision Holdings Inc. | 6,391 | 239 |
LCI Industries | 2,032 | 229 | |
Steven Madden Ltd. | 6,268 | 228 | |
Carter's Inc. | 3,013 | 227 | |
* | Liberty Media Corp.- Liberty SiriusXM Class A | 6,898 | 223 |
* | Copa Holdings SA Class A | 2,353 | 217 |
KB Home | 6,130 | 216 | |
Papa John's International Inc. | 2,560 | 215 | |
* | Helen of Troy Ltd. | 1,870 | 211 |
International Game Technology plc | 7,899 | 210 | |
* | Cavco Industries Inc. | 734 | 209 |
Rush Enterprises Inc. Class A | 3,633 | 206 | |
* | SeaWorld Entertainment Inc. | 3,177 | 205 |
Gap Inc. | 15,639 | 203 | |
* | Sonos Inc. | 10,341 | 201 |
*,1 | QuantumScape Corp. Class A | 21,008 | 201 |
* | Dorman Products Inc. | 2,119 | 197 |
* | Boot Barn Holdings Inc. | 2,530 | 196 |
Cracker Barrel Old Country Store Inc. | 1,785 | 194 | |
Graham Holdings Co. Class B | 309 | 194 | |
* | Tri Pointe Homes Inc. | 7,997 | 191 |
Bloomin' Brands Inc. | 7,037 | 184 | |
Inter Parfums Inc. | 1,529 | 184 | |
* | frontdoor Inc. | 6,466 | 183 |
*,1 | Luminar Technologies Inc. Class A | 20,366 | 182 |
* | Shake Shack Inc. Class A | 3,236 | 181 |
Shares | Market Value• ($000) | ||
* | TripAdvisor Inc. | 8,333 | 180 |
American Eagle Outfitters Inc. | 12,361 | 178 | |
* | Gentherm Inc. | 2,768 | 176 |
Red Rock Resorts Inc. Class A | 4,030 | 176 | |
* | LGI Homes Inc. | 1,668 | 174 |
Nordstrom Inc. | 8,912 | 174 | |
* | Duolingo Inc. | 1,905 | 173 |
MDC Holdings Inc. | 4,658 | 172 | |
* | Six Flags Entertainment Corp. | 6,373 | 168 |
* | Under Armour Inc. Class C | 19,146 | 168 |
Dana Inc. | 10,508 | 166 | |
* | Leslie's Inc. | 12,982 | 164 |
Strategic Education Inc. | 1,892 | 161 | |
John Wiley & Sons Inc. Class A | 3,566 | 159 | |
Cheesecake Factory Inc. | 4,202 | 157 | |
* | Chegg Inc. | 9,897 | 157 |
Hanesbrands Inc. | 27,699 | 157 | |
Spirit Airlines Inc. | 8,467 | 155 | |
* | Sally Beauty Holdings Inc. | 9,516 | 153 |
Winnebago Industries Inc. | 2,405 | 153 | |
PriceSmart Inc. | 2,163 | 151 | |
* | Urban Outfitters Inc. | 5,557 | 150 |
* | Driven Brands Holdings Inc. | 5,272 | 147 |
* | Madison Square Garden Entertainment Corp. | 2,405 | 146 |
* | ODP Corp. | 3,208 | 145 |
* | Adtalem Global Education Inc. | 3,683 | 144 |
MillerKnoll Inc. | 6,048 | 144 | |
Oxford Industries Inc. | 1,227 | 144 | |
* | Dave & Buster's Entertainment Inc. | 3,571 | 143 |
* | Stride Inc. | 3,371 | 143 |
* | Brinker International Inc. | 3,695 | 140 |
Laureate Education Inc. | 11,719 | 139 | |
Lennar Corp. Class B | 1,694 | 138 | |
Acushnet Holdings Corp. | 2,829 | 137 | |
* | Under Armour Inc. Class A | 13,785 | 137 |
* | Sabre Corp. | 26,618 | 135 |
Monro Inc. | 2,650 | 134 | |
* | Vista Outdoor Inc. | 4,678 | 134 |
* | M/I Homes Inc. | 2,295 | 133 |
* | Liberty Media Corp.- Liberty Formula One Class A | 2,153 | 131 |
* | KAR Auction Services Inc. | 9,123 | 130 |
Century Communities Inc. | 2,137 | 128 | |
* | Abercrombie & Fitch Co. Class A | 4,287 | 126 |
* | Everi Holdings Inc. | 6,549 | 124 |
Jack in the Box Inc. | 1,583 | 124 | |
News Corp. Class B | 7,106 | 123 | |
* | Coursera Inc. | 10,738 | 121 |
* | Allegiant Travel Co. | 1,166 | 120 |
1 | Dillard's Inc. Class A | 338 | 120 |
HNI Corp. | 3,807 | 119 | |
Wolverine World Wide Inc. | 7,121 | 119 | |
La-Z-Boy Inc. | 3,655 | 118 | |
1 | Paramount Global Class A | 4,718 | 116 |
*,1 | Fisker Inc. | 15,579 | 116 |
* | Knowles Corp. | 6,638 | 113 |
* | Liberty Media Corp.- Liberty Braves Class C | 3,364 | 113 |
Shares | Market Value• ($000) | ||
Upbound Group Inc. | 4,179 | 112 | |
* | XPEL Inc. | 1,638 | 109 |
* | Central Garden & Pet Co. Class A | 2,806 | 108 |
* | Cinemark Holdings Inc. | 7,938 | 108 |
* | ACV Auctions Inc. Class A | 8,643 | 106 |
* | Malibu Boats Inc. Class A | 1,742 | 104 |
Scholastic Corp. | 2,252 | 103 | |
* | Figs Inc. Class A | 10,761 | 99 |
* | Lions Gate Entertainment Corp. Class B | 9,839 | 98 |
* | Cars.com Inc. | 5,060 | 97 |
* | PROG Holdings Inc. | 3,854 | 95 |
Buckle Inc. | 2,270 | 93 | |
U-Haul Holding Co. (XNYS) | 1,397 | 90 | |
Sturm Ruger & Co. Inc. | 1,540 | 90 | |
Matthews International Corp. Class A | 2,272 | 87 | |
* | Central Garden & Pet Co. | 2,093 | 85 |
Dine Brands Global Inc. | 1,098 | 84 | |
* | iRobot Corp. | 2,048 | 84 |
Gray Television Inc. | 6,907 | 81 | |
* | Revolve Group Inc. | 2,947 | 80 |
* | PowerSchool Holdings Inc. Class A | 3,485 | 80 |
* | Playtika Holding Corp. | 8,138 | 78 |
Camping World Holdings Inc. Class A | 3,394 | 77 | |
Sonic Automotive Inc. Class A | 1,354 | 77 | |
Winmark Corp. | 256 | 75 | |
* | TravelCenters of America Inc. | 892 | 75 |
* | American Axle & Manufacturing Holdings Inc. | 8,291 | 73 |
*,1 | Carvana Co. Class A | �� 7,781 | 73 |
* | Lions Gate Entertainment Corp. Class A | 6,750 | 72 |
Monarch Casino & Resort Inc. | 965 | 71 | |
1 | Krispy Kreme Inc. | 5,423 | 71 |
* | Clean Energy Fuels Corp. | 12,427 | 70 |
* | Life Time Group Holdings Inc. | 3,888 | 70 |
Caleres Inc. | 2,636 | 69 | |
* | Perdoceo Education Corp. | 4,895 | 67 |
* | G-III Apparel Group Ltd. | 3,951 | 66 |
* | SkyWest Inc. | 3,459 | 66 |
* | Golden Entertainment Inc. | 1,545 | 64 |
Hibbett Inc. | 891 | 64 | |
* | Imax Corp. | 3,450 | 64 |
* | QuinStreet Inc. | 3,737 | 63 |
* | iHeartMedia Inc. Class A | 8,734 | 63 |
* | Green Brick Partners Inc. | 1,975 | 62 |
* | Sleep Number Corp. | 1,511 | 60 |
* | Petco Health & Wellness Co. Inc. Class A | 5,688 | 59 |
* | Overstock.com Inc. | 3,008 | 58 |
Franchise Group Inc. | 2,081 | 58 | |
Ermenegildo Zegna NV | 4,483 | 58 | |
* | BJ's Restaurants Inc. | 1,783 | 57 |
* | Sweetgreen Inc. Class A | 6,544 | 57 |
* | Qurate Retail Inc. Series A | 26,747 | 56 |
* | OneSpaWorld Holdings Ltd. | 4,854 | 56 |
* | 2U Inc. | 6,188 | 55 |
* | Chico's FAS Inc. | 9,423 | 54 |
Shares | Market Value• ($000) | ||
* | Genesco Inc. | 1,206 | 54 |
* | MarineMax Inc. | 1,616 | 54 |
RCI Hospitality Holdings Inc. | 642 | 54 | |
* | EW Scripps Co. Class A | 4,281 | 54 |
Standard Motor Products Inc. | 1,386 | 54 | |
* | AMC Networks Inc. Class A | 2,408 | 54 |
*,1 | Mister Car Wash Inc. | 5,871 | 54 |
Steelcase Inc. Class A | 6,706 | 53 | |
* | GoPro Inc. Class A | 9,848 | 51 |
Sinclair Broadcast Group Inc. Class A | 3,153 | 51 | |
* | Udemy Inc. | 5,360 | 51 |
Kimball International Inc. Class B | 7,189 | 50 | |
1 | Guess? Inc. | 2,326 | 49 |
* | Corsair Gaming Inc. | 2,808 | 49 |
*,1 | Bally's Corp. | 2,505 | 49 |
* | Vizio Holding Corp. Class A | 4,744 | 49 |
* | Chuy's Holdings Inc. | 1,332 | 48 |
* | Clear Channel Outdoor Holdings Inc. | 26,849 | 48 |
* | Sun Country Airlines Holdings Inc. | 2,402 | 48 |
* | Denny's Corp. | 4,043 | 47 |
Arko Corp. | 5,892 | 47 | |
* | Portillo's Inc. Class A | 2,060 | 47 |
* | Master Craft Boat Holdings Inc. | 1,340 | 45 |
Ruth's Hospitality Group Inc. | 2,432 | 45 | |
Ethan Allen Interiors Inc. | 1,505 | 44 | |
Haverty Furniture Cos. Inc. | 1,132 | 43 | |
* | Hawaiian Holdings Inc. | 3,880 | 43 |
* | Stoneridge Inc. | 1,813 | 43 |
* | Children's Place Inc. | 1,008 | 42 |
* | Thryv Holdings Inc. | 1,768 | 42 |
Interface Inc. Class A | 4,598 | 41 | |
Movado Group Inc. | 1,183 | 41 | |
* | Stagwell Inc. | 5,921 | 41 |
* | Boston Omaha Corp. Class A | 1,587 | 38 |
Rush Enterprises Inc. Class B | 641 | 38 | |
Shoe Carnival Inc. | 1,428 | 38 | |
* | Xponential Fitness Inc. Class A | 1,450 | 37 |
Designer Brands Inc. Class A | 3,632 | 36 | |
* | Viad Corp. | 1,399 | 36 |
A-Mark Precious Metals Inc. | 1,244 | 36 | |
El Pollo Loco Holdings Inc. | 2,931 | 35 | |
* | Integral Ad Science Holding Corp. | 3,232 | 35 |
* | America's Car-Mart Inc. | 398 | 34 |
Carriage Services Inc. Class A | 1,004 | 34 | |
* | Accel Entertainment Inc. Class A | 3,741 | 34 |
Smith & Wesson Brands Inc. | 3,140 | 34 | |
Alta Equipment Group Inc. | 1,790 | 34 | |
Aaron's Co. Inc. | 2,402 | 34 | |
* | Frontier Group Holdings Inc. | 2,927 | 34 |
Shares | Market Value• ($000) | ||
* | Bowlero Corp. | 2,215 | 34 |
* | Hovnanian Enterprises Inc. Class A | 485 | 33 |
* | Gannett Co. Inc. | 10,957 | 33 |
* | Beazer Homes USA Inc. | 2,157 | 32 |
Entravision Communications Corp. Class A | 4,868 | 32 | |
European Wax Center Inc. Class A | 1,711 | 32 | |
* | Daily Journal Corp. | 99 | 30 |
Marcus Corp. | 1,834 | 29 | |
* | Quotient Technology Inc. | 7,667 | 29 |
* | Stitch Fix Inc. Class A | 6,173 | 29 |
* | Zumiez Inc. | 1,236 | 29 |
* | Sportsman's Warehouse Holdings Inc. | 3,203 | 29 |
*,1 | Dream Finders Homes Inc. Class A | 2,417 | 29 |
* | Rover Group Inc. Class A | 6,921 | 29 |
* | Destination XL Group Inc. | 4,651 | 28 |
Johnson Outdoors Inc. Class A | 413 | 27 | |
* | Lovesac Co. | 925 | 27 |
* | Full House Resorts Inc. | 2,807 | 27 |
* | Instructure Holdings Inc. | 1,042 | 27 |
Big Lots Inc. | 1,843 | 26 | |
* | 1-800-Flowers.com Inc. Class A | 2,478 | 25 |
Global Industrial Co. | 894 | 25 | |
* | OneWater Marine Inc. Class A | 854 | 24 |
Bluegreen Vacations Holding Class A | 712 | 24 | |
* | Playstudios Inc. | 6,462 | 24 |
* | Lindblad Expeditions Holdings Inc. | 2,687 | 23 |
* | Liquidity Services Inc. | 1,795 | 23 |
* | Build-A-Bear Workshop Inc. | 1,109 | 23 |
* | CarParts.com Inc. | 3,721 | 23 |
* | Allbirds Inc. Class A | 7,898 | 23 |
* | Funko Inc. Class A | 2,050 | 22 |
* | Noodles & Co. Class A | 3,848 | 22 |
* | Universal Technical Institute Inc. | 3,031 | 22 |
*,1 | Blink Charging Co. | 2,383 | 22 |
* | Arlo Technologies Inc. | 5,486 | 21 |
Clarus Corp. | 2,124 | 21 | |
* | Rush Street Interactive Inc. | 5,041 | 21 |
* | Fossil Group Inc. | 4,602 | 20 |
* | Motorcar Parts of America Inc. | 1,559 | 20 |
*,1 | Purple Innovation Inc. Class A | 4,588 | 20 |
* | Kura Sushi USA Inc. Class A | 319 | 20 |
* | Neogames SA | 1,301 | 20 |
* | Vuzix Corp. | 4,507 | 19 |
* | First Watch Restaurant Group Inc. | 1,216 | 19 |
* | American Public Education Inc. | 1,653 | 18 |
Rocky Brands Inc. | 692 | 18 | |
* | Inspired Entertainment Inc. | 1,134 | 18 |
1 | Big 5 Sporting Goods Corp. | 1,913 | 17 |
* | ContextLogic Inc. Class A | 34,885 | 17 |
* | Legacy Housing Corp. | 798 | 16 |
* | Selectquote Inc. | 6,909 | 16 |
Shares | Market Value• ($000) | ||
*,1 | Lordstown Motors Corp. Class A | 15,158 | 16 |
* | BARK Inc. | 10,841 | 15 |
* | Sonder Holdings Inc. | 14,353 | 15 |
* | Cardlytics Inc. | 2,612 | 14 |
* | Tupperware Brands Corp. | 3,418 | 14 |
* | Century Casinos Inc. | 1,377 | 13 |
* | LL Flooring Holdings Inc. | 2,495 | 13 |
* | Universal Electronics Inc. | 1,057 | 13 |
* | AMMO Inc. | 6,813 | 13 |
* | Snap One Holdings Corp. | 1,146 | 13 |
* | Citi Trends Inc. | 438 | 12 |
*,1 | Vacasa Inc. | 8,311 | 12 |
* | Eastman Kodak Co. | 3,188 | 11 |
Cato Corp. Class A | 1,059 | 10 | |
* | Liberty Media Corp.- Liberty Braves Class A | 304 | 10 |
* | Tile Shop Holdings Inc. | 1,892 | 10 |
* | Tilly's Inc. Class A | 1,108 | 10 |
* | WW International Inc. | 2,751 | 10 |
*,1 | Canoo Inc. | 11,616 | 9 |
* | Wheels Up Experience Inc. | 7,902 | 9 |
* | Conn's Inc. | 928 | 8 |
Weyco Group Inc. | 309 | 8 | |
* | ONE Group Hospitality Inc. | 983 | 8 |
* | Latham Group Inc. | 2,536 | 8 |
* | Holley Inc. | 3,560 | 8 |
* | Rent the Runway Inc. Class A | 2,484 | 8 |
*,1 | Bed Bath & Beyond Inc. | 5,313 | 7 |
* | Biglari Holdings Inc. Class B | 37 | 7 |
* | Container Store Group Inc. | 1,541 | 7 |
* | Outbrain Inc. | 1,473 | 7 |
* | Reservoir Media Inc. | 1,024 | 7 |
* | Nerdy Inc. | 2,741 | 7 |
Superior Group of Cos. Inc. | 500 | 6 | |
* | Urban One Inc. | 1,235 | 6 |
*,1 | Mullen Automotive Inc. | 24,590 | 6 |
* | Gambling.com Group Ltd. | 588 | 6 |
* | Cumulus Media Inc. Class A | 916 | 5 |
* | Duluth Holdings Inc. Class B | 760 | 5 |
* | Lands' End Inc. | 694 | 5 |
* | RealReal Inc. | 3,816 | 5 |
* | Turtle Beach Corp. | 677 | 5 |
Marine Products Corp. | 357 | 5 | |
* | RumbleON Inc. Class B | 514 | 5 |
* | ThredUP Inc. Class A | 2,931 | 5 |
* | F45 Training Holdings Inc. | 2,210 | 5 |
*,1 | Cenntro Electric Group Ltd. | 9,197 | 5 |
Lifetime Brands Inc. | 528 | 4 | |
* | Aterian Inc. | 3,341 | 4 |
* | Landsea Homes Corp. | 645 | 4 |
* | Traeger Inc. | 1,061 | 4 |
*,1 | Focus Universal Inc. | 888 | 4 |
* | Express Inc. | 3,256 | 3 |
* | Ondas Holdings Inc. | 1,729 | 3 |
*,1 | Faraday Future Intelligent Electric Inc. | 4,984 | 3 |
JOANN Inc. | 585 | 2 | |
* | Torrid Holdings Inc. | 617 | 2 |
* | Solo Brands Inc. Class A | 552 | 2 |
* | Bird Global Inc. | 10,554 | 2 |
NL Industries Inc. | 169 | 1 | |
* | Audacy Inc. Class A | 5,246 | 1 |
Shares | Market Value• ($000) | ||
* | aka Brands Holding Corp. | 601 | 1 |
* | Lulu's Fashion Lounge Holdings Inc. | 487 | 1 |
450,829 | |||
Consumer Staples (5.4%) | |||
Procter & Gamble Co. | 189,774 | 26,105 | |
PepsiCo Inc. | 111,145 | 19,287 | |
Coca-Cola Co. | 313,776 | 18,673 | |
Philip Morris International Inc. | 124,741 | 12,137 | |
CVS Health Corp. | 105,506 | 8,814 | |
Mondelez International Inc. Class A | 109,832 | 7,159 | |
Altria Group Inc. | 144,488 | 6,709 | |
Colgate-Palmolive Co. | 66,141 | 4,848 | |
McKesson Corp. | 11,413 | 3,992 | |
General Mills Inc. | 48,022 | 3,818 | |
Corteva Inc. | 57,390 | 3,575 | |
Archer-Daniels-Midland Co. | 44,067 | 3,508 | |
Kimberly-Clark Corp. | 26,859 | 3,359 | |
Sysco Corp. | 40,867 | 3,047 | |
* | Monster Beverage Corp. | 29,467 | 2,999 |
Hershey Co. | 11,727 | 2,795 | |
Constellation Brands Inc. Class A | 12,197 | 2,728 | |
Keurig Dr Pepper Inc. | 69,065 | 2,386 | |
Kroger Co. | 52,707 | 2,274 | |
Kraft Heinz Co. | 55,933 | 2,178 | |
Walgreens Boots Alliance Inc. | 57,205 | 2,033 | |
AmerisourceBergen Corp. | 12,504 | 1,945 | |
Church & Dwight Co. Inc. | 19,565 | 1,639 | |
Clorox Co. | 9,928 | 1,543 | |
McCormick & Co. Inc. | 20,128 | 1,496 | |
Conagra Brands Inc. | 37,856 | 1,378 | |
Tyson Foods Inc. Class A | 22,976 | 1,361 | |
Kellogg Co. | 20,305 | 1,339 | |
J M Smucker Co. | 8,204 | 1,213 | |
Lamb Weston Holdings Inc. | 11,548 | 1,162 | |
Bunge Ltd. | 11,220 | 1,072 | |
Hormel Foods Corp. | 23,046 | 1,023 | |
Brown-Forman Corp. Class B | 13,190 | 856 | |
Campbell Soup Co. | 15,395 | 809 | |
* | Darling Ingredients Inc. | 12,776 | 808 |
Molson Coors Beverage Co. Class B | 14,048 | 747 | |
* | Performance Food Group Co. | 12,110 | 685 |
Casey's General Stores Inc. | 2,948 | 613 | |
* | US Foods Holding Corp. | 16,293 | 611 |
Ingredion Inc. | 5,179 | 515 | |
Flowers Foods Inc. | 15,039 | 419 | |
* | Post Holdings Inc. | 4,409 | 397 |
* | Celsius Holdings Inc. | 4,377 | 397 |
Brown-Forman Corp. Class A | 5,533 | 359 | |
* | BellRing Brands Inc. | 11,006 | 340 |
Lancaster Colony Corp. | 1,547 | 297 | |
* | Hostess Brands Inc. Class A | 11,651 | 288 |
* | Simply Good Foods Co. | 7,168 | 274 |
Albertsons Cos. Inc. Class A | 13,226 | 263 | |
* | Sprouts Farmers Market Inc. | 8,407 | 255 |
Shares | Market Value• ($000) | ||
* | Boston Beer Co. Inc. Class A | 732 | 237 |
* | Freshpet Inc. | 3,622 | 225 |
Coca-Cola Consolidated Inc. | 382 | 213 | |
* | TreeHouse Foods Inc. | 4,334 | 211 |
Spectrum Brands Holdings Inc. | 3,266 | 209 | |
Energizer Holdings Inc. | 5,708 | 207 | |
Primo Water Corp. | 13,163 | 204 | |
* | Grocery Outlet Holding Corp. | 7,300 | 197 |
WD-40 Co. | 1,114 | 193 | |
* | United Natural Foods Inc. | 4,699 | 191 |
J & J Snack Foods Corp. | 1,287 | 182 | |
Edgewell Personal Care Co. | 4,238 | 181 | |
Cal-Maine Foods Inc. | 3,087 | 175 | |
Nu Skin Enterprises Inc. Class A | 4,003 | 159 | |
* | Herbalife Nutrition Ltd. | 8,061 | 156 |
* | Hain Celestial Group Inc. | 7,976 | 142 |
Vector Group Ltd. | 10,533 | 140 | |
Andersons Inc. | 2,821 | 129 | |
Reynolds Consumer Products Inc. | 4,581 | 126 | |
Universal Corp. | 2,330 | 118 | |
Weis Markets Inc. | 1,532 | 117 | |
Ingles Markets Inc. Class A | 1,251 | 112 | |
* | Beauty Health Co. | 8,585 | 108 |
MGP Ingredients Inc. | 1,031 | 105 | |
*,1 | Beyond Meat Inc. | 5,699 | 102 |
* | Chefs' Warehouse Inc. | 2,891 | 94 |
Medifast Inc. | 814 | 91 | |
Fresh Del Monte Produce Inc. | 2,861 | 90 | |
Seaboard Corp. | 22 | 87 | |
* | Pilgrim's Pride Corp. | 3,555 | 83 |
* | National Beverage Corp. | 1,741 | 81 |
Utz Brands Inc. | 4,788 | 79 | |
SpartanNash Co. | 2,638 | 71 | |
B&G Foods Inc. | 5,308 | 67 | |
John B Sanfilippo & Son Inc. | 665 | 60 | |
* | SunOpta Inc. | 7,268 | 56 |
* | USANA Health Sciences Inc. | 889 | 54 |
Tootsie Roll Industries Inc. | 1,136 | 50 | |
* | Duckhorn Portfolio Inc. | 3,128 | 48 |
* | Olaplex Holdings Inc. | 9,814 | 48 |
Calavo Growers Inc. | 1,344 | 43 | |
ACCO Brands Corp. | 7,257 | 41 | |
* | Vital Farms Inc. | 2,396 | 39 |
* | Sovos Brands Inc. | 2,912 | 38 |
* | Mission Produce Inc. | 3,184 | 37 |
* | Vita Coco Co. Inc. | 2,170 | 37 |
1 | PetMed Express Inc. | 1,610 | 30 |
* | Benson Hill Inc. | 12,664 | 28 |
Turning Point Brands Inc. | 1,062 | 25 | |
* | GrowGeneration Corp. | 4,609 | 20 |
* | Seneca Foods Corp. Class A | 320 | 18 |
* | Veru Inc. | 4,660 | 18 |
* | Rite Aid Corp. | 4,271 | 17 |
Village Super Market Inc. Class A | 770 | 17 | |
* | Lifecore Biomedical Inc. | 2,453 | 14 |
* | Whole Earth Brands Inc. | 4,175 | 14 |
* | Honest Co. Inc. | 5,172 | 14 |
Shares | Market Value• ($000) | ||
* | Brookfield Realty Capital Corp. | 1,289 | 9 |
Alico Inc. | 325 | 8 | |
* | HF Foods Group Inc. | 1,690 | 7 |
* | 22nd Century Group Inc. | 7,305 | 7 |
* | Nature's Sunshine Products Inc. | 687 | 7 |
Natural Grocers by Vitamin Cottage Inc. | 516 | 6 | |
*,1 | Local Bounti Corp. | 6,599 | 5 |
* | Tattooed Chef Inc. | 2,273 | 3 |
* | AppHarvest Inc. | 3,250 | 3 |
* | PLBY Group Inc. | 1,450 | 3 |
* | Vintage Wine Estates Inc. | 1,643 | 3 |
172,237 | |||
Energy (5.0%) | |||
Exxon Mobil Corp. | 331,634 | 36,450 | |
Chevron Corp. | 155,628 | 25,020 | |
ConocoPhillips | 100,404 | 10,377 | |
Schlumberger Ltd. | 113,981 | 6,065 | |
EOG Resources Inc. | 47,164 | 5,330 | |
Marathon Petroleum Corp. | 37,559 | 4,642 | |
Valero Energy Corp. | 30,957 | 4,078 | |
Phillips 66 | 37,943 | 3,891 | |
Pioneer Natural Resources Co. | 19,170 | 3,842 | |
Occidental Petroleum Corp. | 63,910 | 3,743 | |
Cheniere Energy Inc. | 20,021 | 3,150 | |
Hess Corp. | 22,686 | 3,056 | |
Williams Cos. Inc. | 97,582 | 2,937 | |
Devon Energy Corp. | 52,405 | 2,826 | |
Kinder Morgan Inc. | 159,960 | 2,729 | |
Halliburton Co. | 72,248 | 2,618 | |
ONEOK Inc. | 35,446 | 2,320 | |
Baker Hughes Co. Class A | 75,485 | 2,310 | |
* | Enphase Energy Inc. | 10,538 | 2,219 |
Diamondback Energy Inc. | 14,017 | 1,970 | |
Coterra Energy Inc. | 63,546 | 1,587 | |
* | First Solar Inc. | 8,525 | 1,442 |
Targa Resources Corp. | 18,033 | 1,336 | |
Marathon Oil Corp. | 50,900 | 1,280 | |
APA Corp. | 25,824 | 991 | |
EQT Corp. | 29,392 | 975 | |
Ovintiv Inc. (XNYS) | 19,819 | 848 | |
Texas Pacific Land Corp. | 472 | 840 | |
Chesapeake Energy Corp. | 9,611 | 777 | |
NOV Inc. | 32,029 | 701 | |
* | Plug Power Inc. | 41,036 | 610 |
* | Antero Resources Corp. | 22,702 | 595 |
HF Sinclair Corp. | 10,843 | 539 | |
Range Resources Corp. | 19,128 | 515 | |
ChampionX Corp. | 16,249 | 497 | |
Matador Resources Co. | 9,139 | 492 | |
PDC Energy Inc. | 7,170 | 481 | |
* | Southwestern Energy Co. | 88,772 | 470 |
Murphy Oil Corp. | 11,995 | 468 | |
Chord Energy Corp. | 3,364 | 453 | |
Civitas Resources Inc. | 6,098 | 428 | |
DTE Midstream LLC | 7,734 | 388 | |
* | Weatherford International plc | 5,611 | 374 |
Helmerich & Payne Inc. | 8,228 | 346 | |
PBF Energy Inc. Class A | 7,617 | 333 | |
* | Denbury Inc. | 3,940 | 328 |
* | Valaris Ltd. | 4,821 | 324 |
Magnolia Oil & Gas Corp. Class A | 13,950 | 305 |
Shares | Market Value• ($000) | ||
SM Energy Co. | 9,573 | 282 | |
* | Kosmos Energy Ltd. | 35,875 | 282 |
* | Noble Corp. plc | 6,736 | 281 |
Antero Midstream Corp. | 26,444 | 279 | |
* | Shoals Technologies Group Inc. Class A | 10,766 | 264 |
* | Peabody Energy Corp. | 9,362 | 256 |
California Resources Corp. | 5,873 | 248 | |
Patterson-UTI Energy Inc. | 17,477 | 239 | |
Arcosa Inc. | 3,916 | 237 | |
*,1 | ChargePoint Holdings Inc. | 20,416 | 232 |
Cactus Inc. Class A | 4,914 | 226 | |
* | CNX Resources Corp. | 14,510 | 223 |
* | Array Technologies Inc. | 11,707 | 219 |
Equitrans Midstream Corp. | 36,158 | 218 | |
Alpha Metallurgical Resources Inc. | 1,194 | 200 | |
Permian resources Corp. Class A | 17,553 | 190 | |
* | Golar LNG Ltd. | 8,185 | 187 |
1 | Arch Resources Inc. | 1,164 | 183 |
Liberty Energy Inc. Class A | 11,532 | 176 | |
* | Oceaneering International Inc. | 8,338 | 174 |
* | Tidewater Inc. | 3,518 | 172 |
Warrior Met Coal Inc. | 4,208 | 161 | |
Northern Oil and Gas Inc. | 5,185 | 161 | |
* | Green Plains Inc. | 4,596 | 159 |
New Fortress Energy Inc. Class A | 4,633 | 153 | |
* | Callon Petroleum Co. | 3,803 | 147 |
CONSOL Energy Inc. | 2,667 | 146 | |
Delek US Holdings Inc. | 5,633 | 142 | |
World Fuel Services Corp. | 5,099 | 140 | |
* | NexTier Oilfield Solutions Inc. | 14,345 | 131 |
Sitio Royalties Corp. Class A | 5,585 | 131 | |
* | Expro Group Holdings NV | 5,675 | 129 |
* | Borr Drilling Ltd. | 16,919 | 122 |
* | Nabors Industries Ltd. (XNYS) | 792 | 119 |
* | Par Pacific Holdings Inc. | 4,075 | 113 |
* | Ameresco Inc. Class A | 2,493 | 110 |
Enviva Inc. | 2,505 | 109 | |
Archrock Inc. | 9,738 | 108 | |
* | NOW Inc. | 8,352 | 107 |
* | Diamond Offshore Drilling Inc. | 8,651 | 103 |
* | FuelCell Energy Inc. | 30,111 | 101 |
* | Talos Energy Inc. | 5,544 | 99 |
* | Stem Inc. | 11,891 | 97 |
*,1 | SunPower Corp. | 6,252 | 94 |
* | Dril-Quip Inc. | 2,619 | 90 |
* | Helix Energy Solutions Group Inc. | 10,651 | 88 |
Comstock Resources Inc. | 6,882 | 84 | |
* | Vital Energy Inc. | 1,456 | 75 |
CVR Energy Inc. | 2,231 | 71 | |
* | MRC Global Inc. | 6,053 | 68 |
* | Gulfport Energy Corp. | 952 | 63 |
Ranger Oil Corp. Class A | 1,437 | 60 | |
* | Montauk Renewables Inc. | 6,061 | 60 |
* | ProPetro Holding Corp. | 6,606 | 58 |
* | Tellurian Inc. | 38,736 | 58 |
SunCoke Energy Inc. | 5,857 | 56 | |
Berry Corp. | 5,666 | 53 |
Shares | Market Value• ($000) | ||
RPC Inc. | 5,713 | 50 | |
* | Bristow Group Inc. | 1,775 | 48 |
*,1 | Fluence Energy Inc. | 2,515 | 47 |
* | Oil States International Inc. | 4,787 | 44 |
* | Earthstone Energy Inc. Class A | 3,116 | 43 |
VAALCO Energy Inc. | 8,644 | 41 | |
* | W&T Offshore Inc. | 7,294 | 41 |
* | Centrus Energy Corp. Class A | 888 | 40 |
* | DMC Global Inc. | 1,489 | 40 |
* | REX American Resources Corp. | 1,227 | 40 |
Select Energy Services Inc. Class A | 5,314 | 39 | |
1 | Crescent Energy Inc. Class A | 3,082 | 36 |
1 | Kinetik Holdings Inc. Class A | 1,169 | 35 |
* | SandRidge Energy Inc. | 2,266 | 33 |
* | TETRA Technologies Inc. | 9,139 | 33 |
*,1 | ProFrac Holding Corp. Class A | 1,689 | 32 |
* | Vitesse Energy Inc. | 1,864 | 32 |
* | Newpark Resources Inc. | 6,907 | 31 |
* | Solid Power Inc. | 9,314 | 31 |
*,1 | EVgo Inc. | 5,085 | 30 |
Riley Exploration Permian Inc. | 911 | 28 | |
* | Amplify Energy Corp. | 3,269 | 27 |
* | Gevo Inc. | 14,728 | 27 |
* | TPI Composites Inc. | 2,358 | 27 |
* | National Energy Services Reunited Corp. | 4,014 | 26 |
Solaris Oilfield Infrastructure Inc. Class A | 2,676 | 24 | |
* | SilverBow Resources Inc. | 884 | 22 |
* | Ring Energy Inc. | 8,850 | 19 |
* | Energy Vault Holdings Inc. | 5,011 | 17 |
Ramaco Resources Inc. | 1,120 | 11 | |
* | NextDecade Corp. | 1,561 | 11 |
HighPeak Energy Inc. | 323 | 9 | |
NACCO Industries Inc. Class A | 206 | 8 | |
* | FTC Solar Inc. | 2,141 | 7 |
*,1 | ESS Tech Inc. | 4,038 | 7 |
* | NEXTracker Inc. Class A | 196 | 6 |
* | Aemetis Inc. | 1,528 | 5 |
* | Volta Inc. | 6,132 | 5 |
* | Empire Petroleum Corp. | 399 | 5 |
* | Heliogen Inc. | 7,980 | 2 |
157,889 | |||
Financials (12.0%) | |||
* | Berkshire Hathaway Inc. Class B | 145,136 | 44,293 |
JPMorgan Chase & Co. | 234,691 | 33,643 | |
Bank of America Corp. | 565,072 | 19,382 | |
Wells Fargo & Co. | 305,058 | 14,268 | |
Morgan Stanley | 99,233 | 9,576 | |
Charles Schwab Corp. | 122,392 | 9,537 | |
Goldman Sachs Group Inc. | 26,362 | 9,270 | |
S&P Global Inc. | 26,237 | 8,952 | |
BlackRock Inc. | 12,098 | 8,341 | |
Citigroup Inc. | 155,341 | 7,874 | |
Chubb Ltd. | 33,402 | 7,048 | |
Progressive Corp. | 47,042 | 6,751 |
Shares | Market Value• ($000) | ||
Marsh & McLennan Cos. Inc. | 39,841 | 6,460 | |
CME Group Inc. | 28,829 | 5,344 | |
US Bancorp | 108,077 | 5,159 | |
Blackstone Inc. | 56,272 | 5,109 | |
PNC Financial Services Group Inc. | 32,336 | 5,106 | |
Truist Financial Corp. | 106,888 | 5,018 | |
Aon plc Class A (XNYS) | 16,414 | 4,991 | |
Intercontinental Exchange Inc. | 44,442 | 4,524 | |
MetLife Inc. | 53,140 | 3,812 | |
Moody's Corp. | 12,848 | 3,728 | |
American International Group Inc. | 59,224 | 3,619 | |
Travelers Cos. Inc. | 18,832 | 3,486 | |
Aflac Inc. | 49,487 | 3,373 | |
MSCI Inc. Class A | 6,291 | 3,285 | |
Arthur J Gallagher & Co. | 16,768 | 3,141 | |
Bank of New York Mellon Corp. | 59,180 | 3,011 | |
Prudential Financial Inc. | 30,005 | 3,000 | |
Ameriprise Financial Inc. | 8,513 | 2,919 | |
Allstate Corp. | 21,398 | 2,756 | |
Apollo Global Management Inc. | 38,817 | 2,752 | |
State Street Corp. | 29,483 | 2,615 | |
KKR & Co. Inc. | 45,710 | 2,576 | |
Discover Financial Services | 22,061 | 2,471 | |
M&T Bank Corp. | 13,833 | 2,148 | |
Willis Towers Watson plc | 8,605 | 2,017 | |
* | Arch Capital Group Ltd. | 28,618 | 2,003 |
Fifth Third Bancorp | 55,035 | 1,998 | |
T Rowe Price Group Inc. | 17,735 | 1,991 | |
Hartford Financial Services Group Inc. | 25,328 | 1,983 | |
First Republic Bank | 14,820 | 1,823 | |
Huntington Bancshares Inc. | 115,504 | 1,770 | |
Principal Financial Group Inc. | 19,457 | 1,743 | |
Regions Financial Corp. | 74,588 | 1,739 | |
Raymond James Financial Inc. | 15,604 | 1,692 | |
Citizens Financial Group Inc. | 38,927 | 1,626 | |
LPL Financial Holdings Inc. | 6,390 | 1,595 | |
Northern Trust Corp. | 16,413 | 1,564 | |
Nasdaq Inc. | 27,603 | 1,547 | |
Cincinnati Financial Corp | 12,541 | 1,514 | |
* | Markel Corp. | 1,089 | 1,448 |
KeyCorp | 75,874 | 1,388 | |
* | SVB Financial Group | 4,702 | 1,355 |
Broadridge Financial Solutions Inc. | 9,351 | 1,316 | |
FactSet Research Systems Inc. | 3,070 | 1,273 | |
Everest Re Group Ltd. | 3,149 | 1,209 | |
W R Berkley Corp. | 17,014 | 1,126 | |
Brown & Brown Inc. | 19,333 | 1,084 | |
Cboe Global Markets Inc. | 8,533 | 1,077 | |
First Horizon Corp. | 41,345 | 1,024 | |
MarketAxess Holdings Inc. | 2,995 | 1,023 | |
Ares Management Corp. Class A | 12,622 | 1,018 | |
Loews Corp. | 15,701 | 959 | |
Equitable Holdings Inc. | 29,590 | 930 | |
Globe Life Inc. | 7,165 | 872 | |
East West Bancorp Inc. | 11,273 | 859 |
Shares | Market Value• ($000) | ||
*,1 | Coinbase Global Inc. Class A | 12,999 | 843 |
Fidelity National Financial Inc. | 21,120 | 842 | |
Reinsurance Group of America Inc. | 5,346 | 772 | |
1 | Annaly Capital Management Inc. | 36,473 | 754 |
Comerica Inc. | 10,672 | 748 | |
RenaissanceRe Holdings Ltd. | 3,434 | 738 | |
Webster Financial Corp. | 13,761 | 731 | |
American Financial Group Inc. | 5,374 | 721 | |
Ally Financial Inc. | 23,888 | 718 | |
Unum Group | 16,001 | 713 | |
Franklin Resources Inc. | 22,633 | 667 | |
Western Alliance Bancorp | 8,837 | 656 | |
First Citizens BancShares Inc. Class A | 884 | 649 | |
Interactive Brokers Group Inc. Class A | 7,386 | 636 | |
Tradeweb Markets Inc. Class A | 8,670 | 615 | |
Cullen/Frost Bankers Inc. | 4,621 | 609 | |
Commerce Bancshares Inc. | 9,085 | 601 | |
Jefferies Financial Group Inc. | 15,915 | 601 | |
Zions Bancorp NA | 11,715 | 593 | |
Old Republic International Corp. | 22,233 | 586 | |
Voya Financial Inc. | 7,872 | 586 | |
Signature Bank | 4,970 | 572 | |
Carlyle Group Inc. | 16,641 | 572 | |
Primerica Inc. | 2,919 | 560 | |
Kinsale Capital Group Inc. | 1,719 | 548 | |
Stifel Financial Corp. | 8,170 | 546 | |
Assurant Inc. | 4,252 | 542 | |
Invesco Ltd. | 29,845 | 527 | |
Prosperity Bancshares Inc. | 7,003 | 515 | |
SEI Investments Co. | 8,381 | 505 | |
AGNC Investment Corp. | 45,176 | 491 | |
Selective Insurance Group Inc. | 4,820 | 489 | |
SouthState Corp. | 5,988 | 483 | |
Affiliated Managers Group Inc. | 3,022 | 482 | |
Erie Indemnity Co. Class A | 2,025 | 477 | |
Synovus Financial Corp. | 11,321 | 473 | |
New York Community Bancorp Inc. | 52,853 | 469 | |
First American Financial Corp. | 8,182 | 465 | |
* | Robinhood Markets Inc. Class A | 44,209 | 445 |
United Bankshares Inc. | 10,874 | 443 | |
Starwood Property Trust Inc. | 22,974 | 440 | |
Pinnacle Financial Partners Inc. | 5,895 | 437 | |
Wintrust Financial Corp. | 4,745 | 437 | |
Glacier Bancorp Inc. | 9,174 | 435 | |
RLI Corp. | 3,154 | 435 | |
Lincoln National Corp. | 13,491 | 428 | |
*,1 | SoFi Technologies Inc. | 63,290 | 418 |
1 | Blue Owl Capital Inc. Class A | 33,605 | 415 |
Old National Bancorp | 23,326 | 412 |
Shares | Market Value• ($000) | ||
Morningstar Inc. | 1,959 | 406 | |
FNB Corp. | 28,388 | 405 | |
Popular Inc. | 5,650 | 403 | |
Bank OZK | 8,704 | 401 | |
Hanover Insurance Group Inc. | 2,830 | 395 | |
OneMain Holdings Inc. | 9,099 | 392 | |
Valley National Bancorp | 33,687 | 390 | |
Evercore Inc. Class A | 2,968 | 389 | |
Houlihan Lokey Inc. Class A | 4,067 | 389 | |
Cadence Bank | 14,518 | 386 | |
Axis Capital Holdings Ltd. | 6,329 | 384 | |
First Financial Bankshares Inc. | 10,407 | 382 | |
Essent Group Ltd. | 8,383 | 360 | |
Home BancShares Inc. | 14,587 | 352 | |
Hancock Whitney Corp. | 6,970 | 342 | |
* | Brighthouse Financial Inc. | 5,784 | 334 |
UMB Financial Corp. | 3,516 | 319 | |
Kemper Corp. | 5,161 | 318 | |
Rithm Capital Corp. | 34,818 | 317 | |
Janus Henderson Group plc | 11,513 | 316 | |
MGIC Investment Corp. | 22,818 | 314 | |
ServisFirst Bancshares Inc. | 4,172 | 309 | |
Umpqua Holdings Corp. | 16,864 | 298 | |
Assured Guaranty Ltd. | 4,744 | 296 | |
SLM Corp. | 20,206 | 291 | |
Independent Bank Corp. (XNGS) | 3,634 | 290 | |
White Mountains Insurance Group Ltd. | 201 | 290 | |
First Hawaiian Inc. | 10,315 | 282 | |
Jackson Financial Inc. Class A | 6,145 | 279 | |
United Community Banks Inc. | 8,398 | 278 | |
Radian Group Inc. | 12,983 | �� 277 | |
Associated Banc-Corp. | 11,939 | 276 | |
Blackstone Mortgage Trust Inc. Class A | 12,896 | 273 | |
* | Ryan Specialty Holdings Inc. | 6,462 | 272 |
Federated Hermes Inc. | 6,809 | 268 | |
FirstCash Holdings Inc. | 3,038 | 268 | |
* | Texas Capital Bancshares Inc. | 3,946 | 261 |
Community Bank System Inc. | 4,244 | 259 | |
CVB Financial Corp. | 10,786 | 258 | |
Cathay General Bancorp | 5,955 | 256 | |
PacWest Bancorp | 9,214 | 256 | |
* | Mr Cooper Group Inc. | 5,450 | 253 |
Ameris Bancorp | 5,241 | 251 | |
* | Focus Financial Partners Inc. Class A | 4,825 | 250 |
WSFS Financial Corp. | 4,985 | 249 | |
Pacific Premier Bancorp Inc. | 7,665 | 248 | |
* | Credit Acceptance Corp. | 554 | 246 |
First Interstate BancSystem Inc. Class A | 6,919 | 246 | |
Lazard Ltd. Class A | 6,582 | 246 | |
CNO Financial Group Inc. | 9,437 | 242 | |
* | Genworth Financial Inc. Class A | 38,805 | 242 |
BOK Financial Corp. | 2,301 | 241 | |
* | Enstar Group Ltd. | 967 | 236 |
Shares | Market Value• ($000) | ||
Atlantic Union Bankshares Corp. | 6,222 | 233 | |
Bank of Hawaii Corp. | 3,119 | 233 | |
American Equity Investment Life Holding Co. | 5,575 | 232 | |
Hamilton Lane Inc. Class A | 2,960 | 230 | |
* | Axos Financial Inc. | 4,759 | 226 |
Fulton Financial Corp. | 13,141 | 226 | |
BankUnited Inc. | 6,224 | 220 | |
Piper Sandler Cos. | 1,459 | 220 | |
Simmons First National Corp. Class A | 9,879 | 220 | |
International Bancshares Corp. | 4,489 | 218 | |
Walker & Dunlop Inc. | 2,496 | 218 | |
Moelis & Co. Class A | 5,008 | 214 | |
First BanCorp (XNYS) | 14,423 | 209 | |
Arbor Realty Trust Inc. | 13,514 | 204 | |
First Merchants Corp. | 4,854 | 199 | |
Eastern Bankshares Inc. | 12,685 | 199 | |
First Financial Bancorp | 7,788 | 192 | |
Washington Federal Inc. | 5,383 | 189 | |
Columbia Banking System Inc. | 6,213 | 185 | |
*,1 | Trupanion Inc. | 3,107 | 184 |
Banner Corp. | 2,871 | 181 | |
Seacoast Banking Corp. of Florida | 5,880 | 179 | |
Towne Bank | 5,893 | 179 | |
Independent Bank Group Inc. | 3,027 | 178 | |
Heartland Financial USA Inc. | 3,563 | 176 | |
WesBanco Inc. | 4,749 | 172 | |
Enterprise Financial Services Corp. | 3,039 | 165 | |
Artisan Partners Asset Management Inc. Class A | 4,932 | 163 | |
Renasant Corp. | 4,525 | 163 | |
* | Bancorp Inc. | 4,673 | 162 |
Park National Corp. | 1,219 | 156 | |
Provident Financial Services Inc. | 6,622 | 155 | |
PJT Partners Inc. Class A | 1,921 | 152 | |
Cohen & Steers Inc. | 2,091 | 151 | |
* | BRP Group Inc. Class A | 5,215 | 150 |
Lakeland Financial Corp. | 2,084 | 149 | |
Navient Corp. | 8,266 | 149 | |
Bank of NT Butterfield & Son Ltd. | 4,114 | 149 | |
Hilltop Holdings Inc. | 4,399 | 146 | |
NBT Bancorp Inc. | 3,594 | 146 | |
BancFirst Corp. | 1,604 | 145 | |
Trustmark Corp. | 4,946 | 145 | |
* | NMI Holdings Inc. Class A | 6,130 | 143 |
PennyMac Financial Services Inc. | 2,368 | 143 | |
Virtu Financial Inc. Class A | 7,799 | 143 | |
* | StoneX Group Inc. | 1,421 | 143 |
* | Cannae Holdings Inc. | 6,286 | 142 |
Stock Yards Bancorp Inc. | 2,428 | 142 | |
Horace Mann Educators Corp. | 3,811 | 141 | |
TriCo Bancshares | 2,749 | 139 | |
Apollo Commercial Real Estate Finance Inc. | 11,990 | 138 |
Shares | Market Value• ($000) | ||
Chimera Investment Corp. | 20,712 | 134 | |
* | Enova International Inc. | 2,737 | 133 |
Corebridge Financial Inc. | 6,473 | 131 | |
BGC Partners Inc. Class A | 26,806 | 130 | |
New York Mortgage Trust Inc. | 48,877 | 130 | |
First Bancorp (XNGS) | 3,087 | 128 | |
First Commonwealth Financial Corp. | 7,828 | 125 | |
S&T Bancorp Inc. | 3,345 | 125 | |
* | PRA Group Inc. | 2,921 | 124 |
* | Palomar Holdings Inc. | 2,065 | 124 |
PennyMac Mortgage Investment Trust | 9,524 | 124 | |
Hope Bancorp Inc. | 9,627 | 123 | |
Northwest Bancshares Inc. | 8,832 | 122 | |
Sandy Spring Bancorp Inc. | 3,718 | 122 | |
Veritex Holdings Inc. | 4,505 | 120 | |
Eagle Bancorp Inc. | 2,723 | 119 | |
FB Financial Corp. | 3,039 | 115 | |
Live Oak Bancshares Inc. | 3,326 | 115 | |
StepStone Group Inc. Class A | 4,007 | 115 | |
First Busey Corp. | 4,734 | 114 | |
Ladder Capital Corp. Class A | 10,005 | 113 | |
National Bank Holdings Corp. Class A | 2,765 | 112 | |
Safety Insurance Group Inc. | 1,368 | 110 | |
Pathward Financial Inc. | 2,112 | 108 | |
* | Triumph Financial Inc. | 1,762 | 107 |
CNA Financial Corp. | 2,423 | 106 | |
Tompkins Financial Corp. | 1,416 | 106 | |
Virtus Investment Partners Inc. | 503 | 106 | |
Westamerica BanCorp | 1,920 | 106 | |
Nelnet Inc. Class A | 1,106 | 104 | |
City Holding Co. | 1,042 | 102 | |
Compass Diversified Holdings | 4,658 | 101 | |
Two Harbors Investment Corp. | 6,079 | 101 | |
* | Avantax Inc. | 3,473 | 99 |
OFG Bancorp | 3,241 | 99 | |
OceanFirst Financial Corp. | 4,157 | 99 | |
* | Encore Capital Group Inc. | 1,887 | 98 |
*,1 | Upstart Holdings Inc. | 5,273 | 98 |
Stellar Bancorp Inc. | 3,252 | 95 | |
Claros Mortgage Trust Inc. | 6,691 | 93 | |
Federal Agricultural Mortgage Corp. Class C | 652 | 92 | |
Berkshire Hills Bancorp Inc. | 3,149 | 91 | |
ARMOUR Residential REIT Inc. | 16,028 | 87 | |
Employers Holdings Inc. | 1,926 | 86 | |
Lakeland Bancorp Inc. | 4,453 | 86 | |
Southside Bancshares Inc. | 2,260 | 86 | |
Stewart Information Services Corp. | 1,997 | 85 | |
* | Customers Bancorp Inc. | 2,704 | 83 |
Brookline Bancorp Inc. | 6,204 | 80 | |
Capitol Federal Financial Inc. | 9,506 | 80 | |
Origin Bancorp Inc. | 2,121 | 80 | |
Franklin BSP Realty Trust Inc. REIT | 5,723 | 80 | |
1st Source Corp. | 1,593 | 79 |
Shares | Market Value• ($000) | ||
ProAssurance Corp. | 3,950 | 79 | |
German American Bancorp Inc. | 1,986 | 78 | |
MFA Financial Inc. REIT | 7,283 | 78 | |
AMERISAFE Inc. | 1,405 | 77 | |
1 | Cowen Inc. Class A | 1,987 | 77 |
* | Riot Platforms Inc. | 12,103 | 76 |
* | MoneyGram International Inc. | 6,792 | 74 |
TrustCo Bank Corp. NY | 1,940 | 73 | |
Ellington Financial Inc. | 5,563 | 72 | |
* | LendingClub Corp. | 7,672 | 72 |
Dime Community Bancshares Inc. | 2,343 | 72 | |
Preferred Bank | 1,010 | 71 | |
*,1 | Marathon Digital Holdings Inc. | 10,010 | 71 |
Banc of California Inc. | 4,012 | 70 | |
First Mid Bancshares Inc. | 2,267 | 70 | |
Mercury General Corp. | 2,047 | 70 | |
* | Nicolet Bankshares Inc. | 937 | 70 |
Orchid Island Capital Inc. | 6,134 | 70 | |
Heritage Financial Corp. | 2,471 | 69 | |
Argo Group International Holdings Ltd. | 2,386 | 69 | |
ConnectOne Bancorp Inc. | 2,746 | 67 | |
Peoples Bancorp Inc. | 2,151 | 67 | |
Washington Trust Bancorp Inc. | 1,596 | 67 | |
James River Group Holdings Ltd. | 2,732 | 66 | |
1 | Rocket Cos. Inc. Class A | 8,345 | 66 |
Community Trust Bancorp Inc. | 1,523 | 65 | |
Mercantile Bank Corp. | 1,890 | 65 | |
Redwood Trust Inc. | 8,559 | 65 | |
Premier Financial Corp. | 2,612 | 65 | |
* | Goosehead Insurance Inc. Class A | 1,366 | 64 |
Univest Financial Corp. | 2,228 | 63 | |
WisdomTree Inc. | 10,402 | 62 | |
1 | B Riley Financial Inc. | 1,531 | 61 |
Brightsphere Investment Group Inc. | 2,374 | 60 | |
QCR Holdings Inc. | 1,111 | 59 | |
Amerant Bancorp Inc. | 2,057 | 58 | |
First Community Bankshares Inc. | 1,843 | 58 | |
First Foundation Inc. | 3,824 | 58 | |
KKR Real Estate Finance Trust Inc. | 4,004 | 58 | |
Ready Capital Corp. | 5,102 | 57 | |
TFS Financial Corp. | 3,965 | 57 | |
* | Ambac Financial Group Inc. | 3,383 | 56 |
* | Columbia Financial Inc. | 2,649 | 56 |
* | Open Lending Corp. Class A | 7,872 | 56 |
Heritage Commerce Corp. | 4,571 | 55 | |
Old Second Bancorp Inc. | 3,237 | 54 | |
Arrow Financial Corp. | 1,733 | 53 | |
Broadmark Realty Capital Inc. | 10,380 | 53 | |
Enact Holdings Inc. | 2,185 | 53 | |
*,1 | Lemonade Inc. | 3,197 | ��� 52 |
Brightspire Capital Inc. Class A | 6,976 | 52 | |
CBL & Associates Properties Inc. | 2,040 | 52 |
Shares | Market Value• ($000) | ||
Hanmi Financial Corp. | 2,136 | 50 | |
* | Assetmark Financial Holdings Inc. | 1,571 | 49 |
United Fire Group Inc. | 1,715 | 49 | |
HarborOne Bancorp Inc. | 3,494 | 48 | |
1 | Bank First Corp. | 572 | 47 |
Horizon Bancorp Inc. | 3,118 | 47 | |
Peapack-Gladstone Financial Corp. | 1,268 | 47 | |
* | CrossFirst Bankshares Inc. | 3,318 | 47 |
First Bancorp Inc. (XNMS) | 1,464 | 46 | |
* | MBIA Inc. | 3,324 | 46 |
* | Metropolitan Bank Holding Corp. | 820 | 46 |
National Western Life Group Inc. Class A | 169 | 46 | |
* | Oscar Health Inc. Class A | 8,227 | 46 |
Northfield Bancorp Inc. | 3,091 | 45 | |
Victory Capital Holdings Inc. Class A | 1,325 | 45 | |
Byline Bancorp Inc. | 1,799 | 44 | |
Camden National Corp. | 1,064 | 44 | |
Dynex Capital Inc. | 3,355 | 44 | |
HomeStreet Inc. | 1,749 | 44 | |
* | SiriusPoint Ltd. | 6,190 | 44 |
Flushing Financial Corp. | 2,185 | 43 | |
Universal Insurance Holdings Inc. | 2,202 | 43 | |
Cambridge Bancorp | 528 | 42 | |
Granite Point Mortgage Trust Inc. | 6,874 | 41 | |
Midland States Bancorp Inc. | 1,585 | 41 | |
Great Southern Bancorp Inc. | 684 | 40 | |
iStar Inc. | 5,214 | 40 | |
Kearny Financial Corp. | 3,943 | 40 | |
TPG RE Finance Trust Inc. | 4,738 | 40 | |
Business First Bancshares Inc. | 1,889 | 39 | |
Central Pacific Financial Corp. | 1,744 | 39 | |
First Financial Corp. | 865 | 38 | |
Oppenheimer Holdings Inc. Class A | 830 | 37 | |
* | Coastal Financial Corp. | 801 | 37 |
Brookfield Business Corp. Class A | 1,932 | 37 | |
* | EZCorp. Inc. Class A | 4,099 | 36 |
Diamond Hill Investment Group Inc. | 198 | 35 | |
HomeTrust Bancshares Inc. | 1,202 | 35 | |
* | Third Coast Bancshares Inc. | 1,909 | 35 |
Capital City Bank Group Inc. | 954 | 34 | |
Hingham Institution for Savings | 119 | 34 | |
* | Carter Bankshares Inc. | 1,969 | 34 |
Equity Bancshares Inc. Class A | 1,101 | 33 | |
SmartFinancial Inc. | 1,222 | 33 | |
Banco Latinoamericano de Comercio Exterior SA Class E | 1,804 | 33 | |
Bank of Marin Bancorp | 1,117 | 32 | |
Bar Harbor Bankshares | 1,058 | 32 |
Shares | Market Value• ($000) | ||
Farmers National Banc Corp. | 2,219 | 32 | |
Independent Bank Corp. | 1,446 | 32 | |
*,1 | Silvergate Capital Corp. Class A | 2,309 | 32 |
CNB Financial Corp. | 1,305 | 31 | |
MidWestOne Financial Group Inc. | 1,027 | 31 | |
Republic Bancorp Inc. Class A | 694 | 31 | |
Invesco Mortgage Capital REIT | 2,506 | 31 | |
Merchants Bancorp | 997 | 30 | |
*,1 | World Acceptance Corp. | 324 | 30 |
Amalgamated Financial Corp. | 1,283 | 30 | |
Associated Capital Group Inc. Class A | 811 | 29 | |
HCI Group Inc. | 555 | 29 | |
Southern Missouri Bancorp Inc. | 619 | 29 | |
Metrocity Bankshares Inc. | 1,420 | 29 | |
1 | UWM Holdings Corp. | 6,919 | 29 |
American National Bankshares Inc. | 844 | 28 | |
West BanCorp. Inc. | 1,336 | 28 | |
Capstar Financial Holdings Inc. | 1,601 | 28 | |
Financial Institutions Inc. | 1,084 | 27 | |
First of Long Island Corp. | 1,596 | 27 | |
Luther Burbank Corp. | 2,334 | 27 | |
Esquire Financial Holdings Inc. | 591 | 27 | |
Mid Penn Bancorp Inc. | 888 | 27 | |
Citizens & Northern Corp. | 1,172 | 26 | |
ACNB Corp. | 694 | 26 | |
Alerus Financial Corp. | 1,281 | 26 | |
* | Blue Foundry Bancorp | 2,108 | 26 |
F&G Annuities & Life Inc. | 1,281 | 26 | |
Farmers & Merchants Bancorp Inc. | 957 | 25 | |
MVB Financial Corp. | 926 | 25 | |
Northeast Bank | 562 | 25 | |
Peoples Financial Services Corp. | 513 | 25 | |
RBB Bancorp | 1,256 | 25 | |
Waterstone Financial Inc. | 1,582 | 25 | |
Macatawa Bank Corp. | 2,274 | 25 | |
* | Southern First Bancshares Inc. | 624 | 25 |
John Marshall Bancorp Inc. | 924 | 25 | |
Civista Bancshares Inc. | 1,128 | 24 | |
First Bancorp Inc. (XNGS) | 807 | 24 | |
First Business Financial Services Inc. | 675 | 24 | |
Shore Bancshares Inc. | 1,404 | 24 | |
Tiptree Inc. | 1,487 | 24 | |
Perella Weinberg Partners Class A | 2,352 | 24 | |
* | Bridgewater Bancshares Inc. | 1,592 | 23 |
Home Bancorp Inc. | 592 | 23 | |
* | LendingTree Inc. | 711 | 23 |
Sierra Bancorp | 1,116 | 23 | |
Summit Financial Group Inc. | 896 | 23 | |
* | Greenlight Capital Re Ltd. Class A | 2,477 | 23 |
Shares | Market Value• ($000) | ||
GCM Grosvenor Inc. Class A | 2,814 | 23 | |
*,1 | Hippo Holdings Inc. | 1,354 | 23 |
BCB Bancorp Inc. | 1,278 | 22 | |
AFC Gamma Inc. | 1,451 | 22 | |
Five Star Bancorp | 802 | 22 | |
Guaranty Bancshares Inc. | 672 | 21 | |
Regional Management Corp. | 668 | 21 | |
Sculptor Capital Management Inc. Class A | 2,360 | 21 | |
HBT Financial Inc. | 942 | 21 | |
South Plains Financial Inc. | 785 | 21 | |
Enterprise Bancorp Inc. | 556 | 20 | |
Orrstown Financial Services Inc. | 876 | 20 | |
Red River Bancshares Inc. | 373 | 19 | |
First Internet Bancorp | 673 | 18 | |
Primis Financial Corp. | 1,278 | 15 | |
BayCom Corp. | 639 | 13 | |
Donegal Group Inc. Class A | 840 | 13 | |
First Bank | 943 | 13 | |
* | Republic First Bancorp Inc. | 5,868 | 12 |
PCB Bancorp | 605 | 11 | |
Parke Bancorp Inc. | 518 | 11 | |
* | FVCBankcorp Inc. | 760 | 10 |
Investors Title Co. | 63 | 10 | |
Unity Bancorp Inc. | 361 | 10 | |
Greene County Bancorp Inc. | 176 | 10 | |
* | Oportun Financial Corp. | 1,595 | 10 |
* | First Western Financial Inc. | 405 | 10 |
Colony Bankcorp Inc. | 832 | 10 | |
Blue Ridge Bankshares Inc. | 839 | 10 | |
Bankwell Financial Group Inc. | 288 | 9 | |
* | eHealth Inc. | 1,174 | 9 |
Capital Bancorp Inc. | 468 | 9 | |
Silvercrest Asset Management Group Inc. Class A | 521 | 9 | |
* | Consumer Portfolio Services Inc. | 721 | 8 |
Nexpoint Real Estate Finance Inc. | 424 | 8 | |
Provident Bancorp Inc. | 763 | 7 | |
* | USCB Financial Holdings Inc. | 564 | 7 |
First Guaranty Bancshares Inc. | 315 | 6 | |
* | Sterling Bancorp Inc. | 932 | 6 |
* | Pioneer Bancorp Inc. | 500 | 6 |
* | SWK Holdings Corp. | 300 | 6 |
Crawford & Co. Class A | 861 | 5 | |
* | Trean Insurance Group Inc. | 788 | 5 |
* | Finance of America Cos. Inc. Class A | 3,215 | 5 |
1 | Angel Oak Mortgage Inc. | 678 | 5 |
Chicago Atlantic Real Estate Finance Inc. | 375 | 5 | |
* | NI Holdings Inc. | 304 | 4 |
* | Velocity Financial LLC | 431 | 4 |
* | Doma Holdings Inc. | 6,944 | 4 |
* | Bakkt Holdings Inc. | 2,827 | 4 |
Curo Group Holdings Corp. | 1,028 | 3 | |
* | MarketWise Inc. | 1,554 | 3 |
Shares | Market Value• ($000) | ||
Skyward Specialty Insurance Group Inc. | 153 | 3 | |
* | Sunlight Financial Holdings Inc. | 1,701 | 2 |
* | Root Inc. Class A | 393 | 2 |
* | Rigetti Computing Inc. | 1,619 | 1 |
379,795 | |||
Health Care (13.5%) | |||
UnitedHealth Group Inc. | 75,293 | 35,835 | |
Johnson & Johnson | 211,745 | 32,452 | |
AbbVie Inc. | 142,287 | 21,898 | |
Merck & Co. Inc. | 203,590 | 21,629 | |
Eli Lilly & Co. | 67,874 | 21,124 | |
Pfizer Inc. | 455,014 | 18,460 | |
Thermo Fisher Scientific Inc. | 31,497 | 17,064 | |
Abbott Laboratories | 138,006 | 14,038 | |
Danaher Corp. | 52,132 | 12,904 | |
Bristol-Myers Squibb Co. | 171,459 | 11,824 | |
Amgen Inc. | 42,956 | 9,951 | |
Elevance Health Inc. | 19,407 | 9,115 | |
Medtronic plc | 107,724 | 8,920 | |
Gilead Sciences Inc. | 101,107 | 8,142 | |
Stryker Corp. | 28,347 | 7,452 | |
Cigna Group | 24,087 | 7,036 | |
* | Intuitive Surgical Inc. | 28,455 | 6,527 |
* | Regeneron Pharmaceuticals Inc. | 8,358 | 6,356 |
Zoetis Inc. | 38,009 | 6,348 | |
* | Vertex Pharmaceuticals Inc. | 20,618 | 5,985 |
Becton Dickinson and Co. | 22,861 | 5,362 | |
* | Boston Scientific Corp. | 114,749 | 5,361 |
Humana Inc. | 10,176 | 5,037 | |
HCA Healthcare Inc. | 17,397 | 4,235 | |
* | Edwards Lifesciences Corp. | 49,687 | 3,997 |
* | Moderna Inc. | 26,746 | 3,713 |
* | DexCom Inc. | 31,105 | 3,453 |
Agilent Technologies Inc. | 23,847 | 3,386 | |
* | Centene Corp. | 45,845 | 3,136 |
* | Biogen Inc. | 11,583 | 3,126 |
* | IDEXX Laboratories Inc. | 6,603 | 3,125 |
* | IQVIA Holdings Inc. | 14,886 | 3,103 |
* | Illumina Inc. | 12,683 | 2,526 |
ResMed Inc. | 11,617 | 2,474 | |
* | GE Healthcare Inc. | 29,256 | 2,223 |
Zimmer Biomet Holdings Inc. | 16,892 | 2,092 | |
* | Seagen Inc. | 11,039 | 1,984 |
* | Align Technology Inc. | 6,363 | 1,969 |
* | Horizon Therapeutics plc | 17,786 | 1,947 |
* | Alnylam Pharmaceuticals Inc. | 9,920 | 1,899 |
West Pharmaceutical Services Inc. | 5,931 | 1,880 | |
* | Veeva Systems Inc. Class A | 11,158 | 1,848 |
Laboratory Corp. of America Holdings | 7,065 | 1,691 | |
Baxter International Inc. | 40,629 | 1,623 | |
Cardinal Health Inc. | 20,886 | 1,581 | |
* | Hologic Inc. | 19,721 | 1,571 |
* | Insulet Corp. | 5,587 | 1,544 |
STERIS plc | 7,990 | 1,502 | |
* | BioMarin Pharmaceutical Inc. | 14,967 | 1,491 |
Cooper Cos. Inc. | 3,933 | 1,286 | |
Quest Diagnostics Inc. | 9,114 | 1,261 |
Shares | Market Value• ($000) | ||
* | Molina Healthcare Inc. | 4,574 | 1,259 |
PerkinElmer Inc. | 10,095 | 1,258 | |
* | Avantor Inc. | 49,180 | 1,199 |
* | Incyte Corp. | 14,605 | 1,124 |
Viatris Inc. | 96,720 | 1,103 | |
Royalty Pharma plc Class A | 29,879 | 1,071 | |
* | Catalent Inc. | 14,406 | 983 |
Bio-Techne Corp. | 12,611 | 916 | |
Teleflex Inc. | 3,835 | 914 | |
* | Charles River Laboratories International Inc. | 4,024 | 883 |
* | Exact Sciences Corp. | 14,157 | 882 |
* | United Therapeutics Corp. | 3,546 | 872 |
* | Henry Schein Inc. | 10,954 | 858 |
* | Bio-Rad Laboratories Inc. Class A | 1,774 | 848 |
* | QIAGEN NV | 18,224 | 837 |
* | Sarepta Therapeutics Inc. | 6,828 | 834 |
* | Neurocrine Biosciences Inc. | 7,772 | 801 |
* | Repligen Corp. | 4,444 | 775 |
* | Penumbra Inc. | 2,848 | 740 |
* | Jazz Pharmaceuticals plc | 4,967 | 697 |
Universal Health Services Inc. Class B | 5,006 | 669 | |
DENTSPLY SIRONA Inc. | 16,921 | 644 | |
* | Novocure Ltd. | 8,318 | 640 |
* | Masimo Corp. | 3,753 | 628 |
Chemed Corp. | 1,159 | 605 | |
Bruker Corp. | 8,745 | 603 | |
* | Inspire Medical Systems Inc. | 2,239 | 582 |
* | Shockwave Medical Inc. | 2,831 | 539 |
* | Acadia Healthcare Co. Inc. | 7,240 | 525 |
* | Tenet Healthcare Corp. | 8,738 | 511 |
* | Halozyme Therapeutics Inc. | 10,637 | 510 |
Organon & Co. | 20,277 | 497 | |
* | Envista Holdings Corp. | 12,836 | 496 |
* | Apellis Pharmaceuticals Inc. | 7,424 | 486 |
* | Karuna Therapeutics Inc. | 2,380 | 475 |
Encompass Health Corp. | 7,786 | 440 | |
* | HealthEquity Inc. | 6,607 | 431 |
* | Exelixis Inc. | 25,026 | 427 |
Perrigo Co. plc | 10,837 | 408 | |
* | Elanco Animal Health Inc. (XNYS) | 35,496 | 407 |
* | Ionis Pharmaceuticals Inc. | 11,302 | 406 |
Ensign Group Inc. | 4,470 | 400 | |
* | Lantheus Holdings Inc. | 5,378 | 398 |
* | Medpace Holdings Inc. | 2,036 | 395 |
* | Teladoc Health Inc. | 14,355 | 380 |
* | Option Care Health Inc. | 12,365 | 379 |
* | Natera Inc. | 7,782 | 378 |
* | DaVita Inc. | 4,555 | 375 |
* | Intra-Cellular Therapies Inc. | 7,529 | 369 |
* | Globus Medical Inc. Class A | 6,000 | 350 |
* | Alkermes plc | 13,022 | 348 |
* | 10X Genomics Inc. Class A | 7,293 | 347 |
* | QuidelOrtho Corp. | 3,971 | 345 |
* | Syneos Health Inc. | 8,418 | 339 |
* | Prometheus Biosciences Inc. | 2,746 | 336 |
* | Oak Street Health Inc. | 9,431 | 334 |
* | agilon health Inc. | 15,313 | 325 |
* | Haemonetics Corp. | 4,153 | 323 |
Shares | Market Value• ($000) | ||
* | Integra LifeSciences Holdings Corp. | 5,744 | 319 |
* | Merit Medical Systems Inc. | 4,449 | 314 |
* | Neogen Corp. | 17,233 | 305 |
* | Arrowhead Pharmaceuticals Inc. | 9,405 | 304 |
Premier Inc. Class A | 9,431 | 304 | |
* | Cytokinetics Inc. | 6,929 | 300 |
* | Doximity Inc. Class A | 8,893 | 299 |
* | Amicus Therapeutics Inc. | 22,209 | 293 |
* | iRhythm Technologies Inc. | 2,375 | 280 |
* | Intellia Therapeutics Inc. | 6,822 | 274 |
* | ICU Medical Inc. | 1,598 | 273 |
* | Azenta Inc. | 6,157 | 270 |
* | Madrigal Pharmaceuticals Inc. | 986 | 267 |
Select Medical Holdings Corp. | 9,233 | 251 | |
* | Axonics Inc. | 4,158 | 250 |
* | Prestige Consumer Healthcare Inc. | 4,129 | 249 |
* | PTC Therapeutics Inc. | 5,681 | 248 |
CONMED Corp. | 2,540 | 244 | |
* | Guardant Health Inc. | 7,823 | 242 |
* | Ultragenyx Pharmaceutical Inc. | 5,406 | 241 |
* | Amedisys Inc. | 2,590 | 238 |
* | Denali Therapeutics Inc. | 8,769 | 238 |
* | Enovis Corp. | 4,120 | 237 |
* | Vaxcyte Inc. | 5,705 | 234 |
* | Revance Therapeutics Inc. | 6,621 | 230 |
* | Evolent Health Inc. Class A | 6,535 | 229 |
* | Insmed Inc. | 11,064 | 225 |
* | IVERIC bio Inc. | 10,710 | 223 |
* | Progyny Inc. | 5,946 | 223 |
* | Beam Therapeutics Inc. | 5,514 | 222 |
* | Inari Medical Inc. | 3,776 | 212 |
Patterson Cos. Inc. | 7,925 | 210 | |
* | STAAR Surgical Co. | 3,751 | 208 |
* | TransMedics Group Inc. | 2,593 | 208 |
* | Blueprint Medicines Corp. | 4,820 | 204 |
* | ACADIA Pharmaceuticals Inc. | 9,746 | 202 |
* | Integer Holdings Corp. | 2,694 | 202 |
* | LivaNova plc | 4,259 | 202 |
* | Omnicell Inc. | 3,537 | 193 |
* | Tandem Diabetes Care Inc. | 5,376 | 193 |
* | NuVasive Inc. | 4,324 | 187 |
* | Signify Health Inc. Class A | 6,332 | 182 |
* | Sage Therapeutics Inc. | 4,324 | 180 |
* | TG Therapeutics Inc. | 11,263 | 180 |
* | R1 RCM Inc. | 12,632 | 179 |
* | NeoGenomics Inc. | 10,330 | 174 |
* | Glaukos Corp. | 3,667 | 173 |
*,1 | Axsome Therapeutics Inc. | 2,514 | 171 |
* | Xencor Inc. | 5,321 | 171 |
* | FibroGen Inc. | 7,649 | 170 |
* | Silk Road Medical Inc. | 3,206 | 170 |
* | Certara Inc. | 9,273 | 168 |
* | Prothena Corp. plc | 2,986 | 167 |
* | REVOLUTION Medicines Inc. | 6,150 | 165 |
* | Pacific Biosciences of California Inc. | 17,824 | 162 |
* | Mirati Therapeutics Inc. | 3,447 | 158 |
* | Pacira BioSciences Inc. | 3,666 | 156 |
* | Addus HomeCare Corp. | 1,428 | 155 |
Shares | Market Value• ($000) | ||
* | Phreesia Inc. | 4,185 | 154 |
Embecta Corp. | 4,728 | 151 | |
* | Corcept Therapeutics Inc. | 7,107 | 148 |
* | Celldex Therapeutics Inc. | 3,441 | 147 |
* | Surgery Partners Inc. | 4,384 | 147 |
* | AtriCure Inc. | 3,749 | 144 |
* | Veracyte Inc. | 5,789 | 142 |
* | Supernus Pharmaceuticals Inc. | 3,684 | 138 |
* | AbCellera Biologics Inc. | 16,248 | 136 |
* | Amylyx Pharmaceuticals Inc. | 3,882 | 135 |
* | Vir Biotechnology Inc. | 5,867 | 134 |
* | Maravai LifeSciences Holdings Inc. Class A | 9,093 | 134 |
* | BioCryst Pharmaceuticals Inc. | 15,079 | 133 |
* | Relay Therapeutics Inc. | 8,102 | 131 |
* | Agios Pharmaceuticals Inc. | 5,098 | 129 |
* | Ironwood Pharmaceuticals Inc. Class A | 11,280 | 127 |
* | Krystal Biotech Inc. | 1,549 | 127 |
* | Sotera Health Co. | 7,586 | 127 |
* | Cerevel Therapeutics Holdings Inc. | 4,676 | 125 |
* | Catalyst Pharmaceuticals Inc. | 8,082 | 123 |
* | Hims & Hers Health Inc. | 10,923 | 123 |
* | CorVel Corp. | 674 | 122 |
* | Arvinas Inc. | 3,925 | 120 |
* | Myriad Genetics Inc. | 6,365 | 120 |
* | Syndax Pharmaceuticals Inc. | 4,678 | 119 |
* | Akero Therapeutics Inc. | 2,616 | 119 |
* | Apollo Medical Holdings Inc. | 3,293 | 115 |
* | Avanos Medical Inc. | 4,101 | 115 |
* | Amphastar Pharmaceuticals Inc. | 3,481 | 111 |
* | Avidity Biosciences Inc. | 4,701 | 111 |
* | Vericel Corp. | 3,630 | 110 |
* | ModivCare Inc. | 1,080 | 106 |
* | Crinetics Pharmaceuticals Inc. | 5,243 | 103 |
*,1 | Ginkgo Bioworks Holdings Inc. | 69,842 | 103 |
* | AdaptHealth Corp. Class A | 6,291 | 101 |
* | Dynavax Technologies Corp. | 9,754 | 100 |
* | MannKind Corp. | 18,739 | 99 |
US Physical Therapy Inc. | 972 | 99 | |
* | Pediatrix Medical Group Inc. | 6,222 | 98 |
* | Enanta Pharmaceuticals Inc. | 1,952 | 95 |
* | Twist Bioscience Corp. | 4,877 | 95 |
* | Travere Thrapeutics Inc. | 4,288 | 95 |
* | Ventyx Biosciences Inc. | 2,201 | 95 |
* | Privia Health Group Inc. | 3,365 | 94 |
* | Avid Bioservices Inc. | 5,604 | 92 |
* | Cytek Biosciences Inc. | 8,978 | 92 |
* | Owens & Minor Inc. | 5,942 | 91 |
* | Viridian Therapeutics Inc. | 2,768 | 91 |
* | Bridgebio Pharma Inc. | 7,814 | 89 |
LeMaitre Vascular Inc. | 1,782 | 89 | |
* | Iovance Biotherapeutics Inc. | 12,016 | 88 |
Shares | Market Value• ($000) | ||
* | Aurinia Pharmaceuticals Inc. | 9,653 | 88 |
* | Geron Corp. (XNGS) | 31,401 | 87 |
* | Kymera Therapeutics Inc. | 2,787 | 87 |
* | RadNet Inc. | 3,643 | 86 |
* | SpringWorks Therapeutics Inc. | 2,653 | 85 |
* | Harmony Biosciences Holdings Inc. | 1,937 | 85 |
* | Recursion Pharmaceuticals Inc. Class A | 10,235 | 83 |
* | Collegium Pharmaceutical Inc. | 3,082 | 82 |
* | Nevro Corp. | 2,576 | 81 |
* | Outset Medical Inc. | 3,550 | 81 |
* | Alignment Healthcare Inc. | 8,021 | 80 |
* | Warby Parker Inc. Class A | 6,125 | 80 |
* | Chinook Therapeutics Inc. | 3,616 | 79 |
* | Ligand Pharmaceuticals Inc. | 1,077 | 78 |
* | Morphic Holding Inc. | 1,819 | 77 |
* | DICE Therapeutics Inc. | 2,591 | 77 |
* | Arcus Biosciences Inc. | 4,154 | 76 |
* | Rocket Pharmaceuticals Inc. | 3,937 | 76 |
*,1 | Cassava Sciences Inc. | 3,096 | 76 |
* | Keros Therapeutics Inc. | 1,415 | 75 |
* | Alphatec Holdings Inc. | 4,987 | 74 |
* | NextGen Healthcare Inc. | 4,083 | 74 |
* | Adaptive Biotechnologies Corp. | 8,310 | 71 |
Healthcare Services Group Inc. | 5,376 | 71 | |
* | PROCEPT BioRobotics Corp. | 1,901 | 71 |
* | Biohaven Ltd. | 4,605 | 70 |
* | Sangamo Therapeutics Inc. | 22,135 | 68 |
* | Treace Medical Concepts Inc. | 3,141 | 67 |
*,1 | Verve Therapeutics Inc. | 3,494 | 66 |
* | Replimune Group Inc. | 2,983 | 65 |
* | CareDx Inc. | 3,803 | 64 |
* | Reata Pharmaceuticals Inc. Class A | 2,033 | 63 |
* | REGENXBIO Inc. | 2,817 | 63 |
* | Zentalis Pharmaceuticals Inc. | 3,333 | 63 |
* | Fate Therapeutics Inc. | 10,015 | 61 |
* | Immunovant Inc. | 3,486 | 61 |
* | Heska Corp. | 742 | 60 |
* | Paragon 28 Inc. | 3,430 | 60 |
* | Health Catalyst Inc. | 4,234 | 59 |
* | UFP Technologies Inc. | 503 | 59 |
* | Cogent Biosciences Inc. | 4,438 | 59 |
* | Arcellx Inc. | 2,102 | 59 |
* | Aclaris Therapeutics Inc. | 4,691 | 58 |
* | ImmunoGen Inc. | 14,979 | 58 |
* | Ideaya Biosciences Inc. | 3,261 | 58 |
* | Enhabit Inc. | 3,763 | 58 |
* | Innoviva Inc. | 4,703 | 57 |
* | Kura Oncology Inc. | 4,753 | 57 |
* | Rapt Therapeutics Inc. | 1,930 | 57 |
* | Inhibrx Inc. | 2,387 | 57 |
* | Cardiovascular Systems Inc. | 2,866 | 56 |
Atrion Corp. | 97 | 55 | |
* | BioLife Solutions Inc. | 2,366 | 55 |
* | Accolade Inc. | 4,950 | 55 |
Shares | Market Value• ($000) | ||
National HealthCare Corp. | 958 | 53 | |
* | Orthofix Medical Inc. | 2,561 | 53 |
*,1 | Novavax Inc. | 5,645 | 52 |
* | Sharecare Inc. | 22,148 | 52 |
* | DocGo Inc. | 5,691 | 52 |
*,1 | Anavex Life Sciences Corp. | 5,354 | 51 |
* | Community Health Systems Inc. | 8,468 | 51 |
* | OrthoPediatrics Corp. | 1,173 | 51 |
* | Varex Imaging Corp. | 2,859 | 51 |
* | Point Biopharma Global Inc. | 6,863 | 51 |
* | Protagonist Therapeutics Inc. | 3,105 | 50 |
* | ADMA Biologics Inc. | 14,196 | 50 |
* | Editas Medicine Inc. Class A | 5,394 | 49 |
* | Bioxcel Therapeutics Inc. | 1,544 | 49 |
* | Brookdale Senior Living Inc. | 14,810 | 48 |
* | Deciphera Pharmaceuticals Inc. | 3,315 | 48 |
* | Provention Bio Inc. | 5,744 | 48 |
* | SI-BONE Inc. | 2,412 | 48 |
* | Fulgent Genetics Inc. | 1,456 | 48 |
* | Castle Biosciences Inc. | 1,901 | 48 |
* | Arcutis Biotherapeutics Inc. | 2,953 | 48 |
* | American Well Corp. Class A | 17,265 | 48 |
* | 23andMe Holding Co. Class A | 18,973 | 48 |
* | Agenus Inc. | 23,047 | 47 |
* | Coherus Biosciences Inc. | 6,996 | 47 |
* | ViewRay Inc. | 10,964 | 47 |
*,1 | Theravance Biopharma Inc. | 4,391 | 47 |
* | Nuvalent Inc. Class A | 1,474 | 45 |
National Research Corp. | 965 | 44 | |
* | MiMedx Group Inc. | 8,944 | 43 |
* | 4D Molecular Therapeutics Inc. | 2,197 | 42 |
* | Clover Health Investments Corp. Class A | 32,095 | 42 |
* | Emergent BioSolutions Inc. | 3,287 | 41 |
* | Intercept Pharmaceuticals Inc. | 2,029 | 41 |
* | Day One Biopharmaceuticals Inc. | 2,220 | 41 |
* | HealthStream Inc. | 1,564 | 40 |
* | Mersana Therapeutics Inc. | 6,628 | 40 |
* | Ocular Therapeutix Inc. | 6,261 | 38 |
* | ANI Pharmaceuticals Inc. | 897 | 38 |
* | Allogene Therapeutics Inc. | 5,833 | 37 |
* | Cerus Corp. | 12,973 | 37 |
* | Cutera Inc. | 1,129 | 37 |
*,1 | Invitae Corp. | 17,063 | 37 |
* | Alector Inc. | 4,381 | 37 |
* | Agiliti Inc. | 1,954 | 37 |
* | 2seventy bio Inc. | 2,730 | 37 |
* | CTI BioPharma Corp. | 6,553 | 36 |
* | Cara Therapeutics Inc. | 3,537 | 36 |
* | AnaptysBio Inc. | 1,399 | 35 |
* | AngioDynamics Inc. | 2,800 | 35 |
* | Nurix Therapeutics Inc. | 3,715 | 35 |
* | Anika Therapeutics Inc. | 1,066 | 34 |
* | Kodiak Sciences Inc. | 5,212 | 34 |
* | OraSure Technologies Inc. | 5,358 | 34 |
* | Vanda Pharmaceuticals Inc. | 5,264 | 34 |
* | OPKO Health Inc. | 29,371 | 33 |
Shares | Market Value• ($000) | ||
* | Mirum Pharmaceuticals Inc. | 1,406 | 33 |
* | Dyne Therapeutics Inc. | 2,565 | 33 |
* | Computer Programs and Systems Inc. | 1,064 | 32 |
* | Artivion Inc. | 2,445 | 32 |
* | NanoString Technologies Inc. | 3,306 | 32 |
*,1 | Senseonics Holdings Inc. | 31,214 | 32 |
* | Liquidia Corp. | 4,165 | 32 |
* | iTeos Therapeutics Inc. | 1,783 | 32 |
* | LifeStance Health Group Inc. | 6,158 | 32 |
* | EQRx Inc. | 13,966 | 32 |
* | Atara Biotherapeutics Inc. | 7,597 | 31 |
* | Bluebird Bio Inc. | 5,963 | 31 |
* | Pennant Group Inc. | 2,075 | 31 |
* | Esperion Therapeutics Inc. | 4,804 | 30 |
* | MaxCyte Inc. | 6,706 | 30 |
* | MacroGenics Inc. | 4,734 | 29 |
Phibro Animal Health Corp. Class A | 1,816 | 29 | |
* | Quanterix Corp. | 2,592 | 29 |
*,1 | Bionano Genomics Inc. | 21,468 | 29 |
* | Multiplan Corp. | 29,185 | 29 |
* | Rigel Pharmaceuticals Inc. | 18,267 | 28 |
* | Seres Therapeutics Inc. | 5,608 | 28 |
* | Pulmonx Corp. | 2,489 | 28 |
* | Cullinan Oncology Inc. | 2,504 | 28 |
* | Lyell Immunopharma Inc. | 12,993 | 28 |
* | Tactile Systems Technology Inc. | 1,900 | 27 |
Utah Medical Products Inc. | 295 | 27 | |
* | Arbutus Biopharma Corp. | 9,636 | 27 |
* | Axogen Inc. | 3,201 | 26 |
* | Arcturus Therapeutics Holdings Inc. | 1,579 | 26 |
* | Kezar Life Sciences Inc. | 4,176 | 26 |
* | Eagle Pharmaceuticals Inc. | 891 | 25 |
* | Inogen Inc. | 1,612 | 25 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 1,966 | 25 |
* | RxSight Inc. | 1,786 | 25 |
* | OptimizeRx Corp. | 1,369 | 24 |
* | Tarsus Pharmaceuticals Inc. | 1,564 | 24 |
*,1 | Butterfly Network Inc. | 9,649 | 24 |
* | Edgewise Therapeutics Inc. | 2,471 | 24 |
* | Caribou Biosciences Inc. | 3,996 | 24 |
* | SomaLogic Inc. | 9,530 | 24 |
* | Codexis Inc. | 4,706 | 23 |
* | Surmodics Inc. | 1,046 | 23 |
* | Sutro Biopharma Inc. | 4,045 | 23 |
* | PMV Pharmaceuticals Inc. | 3,120 | 23 |
*,1 | Nano-X Imaging Ltd. | 3,096 | 23 |
* | Evolus Inc. | 2,392 | 22 |
* | Zynex Inc. | 1,689 | 22 |
* | IGM Biosciences Inc. | 1,031 | 22 |
*,1 | HilleVax Inc. | 1,316 | 22 |
* | OmniAb Inc. (XNMS) | 5,277 | 22 |
* | Inovio Pharmaceuticals Inc. | 16,617 | 21 |
* | Joint Corp. | 1,338 | 21 |
SIGA Technologies Inc. | 3,123 | 21 | |
* | Sana Biotechnology Inc. | 5,627 | 21 |
* | Nuvation Bio Inc. | 11,056 | 21 |
* | Sight Sciences Inc. | 1,919 | 21 |
* | PepGen Inc. | 1,352 | 21 |
Shares | Market Value• ($000) | ||
* | Amneal Pharmaceuticals Inc. | 9,586 | 20 |
*,1 | Heron Therapeutics Inc. | 8,276 | 20 |
* | Allovir Inc. | 2,948 | 20 |
* | Karyopharm Therapeutics Inc. | 6,216 | 19 |
* | PetIQ Inc. Class A | 1,991 | 19 |
* | Fulcrum Therapeutics Inc. | 3,065 | 19 |
* | Atea Pharmaceuticals Inc. | 5,308 | 19 |
* | Seer Inc. Class A | 4,572 | 19 |
*,1 | Ocugen Inc. | 18,780 | 19 |
*,1 | Cano Health Inc. | 11,577 | 19 |
* | Tango Therapeutics Inc. | 3,681 | 19 |
* | Lexicon Pharmaceuticals Inc. | 8,184 | 18 |
* | Alpine Immune Sciences Inc. | 2,255 | 18 |
* | Adicet Bio Inc. | 2,249 | 18 |
*,1 | Janux Therapeutics Inc. | 1,071 | 18 |
* | Erasca Inc. | 4,924 | 18 |
iRadimed Corp. | 435 | 17 | |
*,1 | Phathom Pharmaceuticals Inc. | 1,988 | 17 |
* | C4 Therapeutics Inc. | 3,187 | 17 |
* | Aura Biosciences Inc. | 1,740 | 17 |
* | Nektar Therapeutics Class A | 11,863 | 16 |
* | Generation Bio Co. | 3,963 | 16 |
* | ImmunityBio Inc. | 6,432 | 16 |
* | Design Therapeutics Inc. | 2,331 | 16 |
*,1 | Humacyte Inc. | 4,936 | 15 |
* | Stoke Therapeutics Inc. | 1,608 | 14 |
* | NGM Biopharmaceuticals Inc. | 2,868 | 14 |
*,1 | Monte Rosa Therapeutics Inc. | 2,381 | 14 |
* | Cue Health Inc. | 6,444 | 14 |
*,1 | An2 Therapeutics Inc. | 1,196 | 14 |
* | KalVista Pharmaceuticals Inc. | 1,804 | 13 |
* | Organogenesis Holdings Inc. Class A | 5,493 | 13 |
* | ALX Oncology Holdings Inc. | 1,927 | 13 |
*,1 | 908 Devices Inc. | 1,472 | 13 |
*,1 | CareMax Inc. | 3,010 | 13 |
*,1 | Aerovate Therapeutics Inc. | 488 | 12 |
* | Prime Medicine Inc. | 759 | 12 |
* | MeiraGTx Holdings plc | 1,440 | 11 |
* | Inotiv Inc. | 1,431 | 11 |
* | Zimvie Inc. | 993 | 11 |
* | Affimed NV | 11,103 | 10 |
* | Akoya Biosciences Inc. | 865 | 10 |
* | Y-mAbs Therapeutics Inc. | 2,309 | 9 |
* | Nkarta Inc. | 2,230 | 9 |
* | Kinnate Biopharma Inc. | 1,709 | 9 |
* | Vera Therapeutics Inc. Class A | 1,201 | 9 |
* | Icosavax Inc. | 1,108 | 9 |
* | Xeris Biopharma Holdings Inc. | 6,638 | 9 |
* | Bright Health Group Inc. | 9,625 | 8 |
* | Quantum-Si Inc. | 4,606 | 8 |
* | Aadi Bioscience Inc. | 737 | 8 |
* | Tyra Biosciences Inc. | 620 | 8 |
* | Vicarious Surgical Inc. | 2,781 | 8 |
* | Gossamer Bio Inc. | 4,257 | 7 |
* | Relmada Therapeutics Inc. | 2,014 | 7 |
Shares | Market Value• ($000) | ||
* | Vaxart Inc. | 8,457 | 7 |
* | Innovage Holding Corp. | 929 | 7 |
* | Singular Genomics Systems Inc. | 3,259 | 7 |
* | Absci Corp. | 3,347 | 7 |
* | Chimerix Inc. | 3,642 | 6 |
* | Eiger BioPharmaceuticals Inc. | 3,168 | 6 |
* | Precigen Inc. | 4,601 | 6 |
* | Praxis Precision Medicines Inc. | 1,837 | 6 |
* | Theseus Pharmaceuticals Inc. | 598 | 6 |
* | Outlook Therapeutics Inc. | 4,413 | 5 |
* | Athira Pharma Inc. | 1,570 | 5 |
*,1 | Foghorn Therapeutics Inc. | 947 | 5 |
* | Century Therapeutics Inc. | 1,146 | 5 |
* | Nautilus Biotechnology Inc. | 2,441 | 5 |
* | Tenaya Therapeutics Inc. | 1,587 | 5 |
* | Thorne HealthTech Inc. | 1,058 | 5 |
* | Oncology Institute Inc. | 3,482 | 5 |
* | VBI Vaccines Inc. | 8,649 | 4 |
* | Berkeley Lights Inc. | 2,368 | 4 |
*,2 | Tobira Therapeutics Inc. CVR | 937 | 4 |
* | Bioventus Inc. Class A | 1,856 | 4 |
* | EyePoint Pharmaceuticals Inc. | 1,066 | 4 |
* | Rallybio Corp. | 498 | 4 |
* | Invivyd Inc. | 2,165 | 4 |
* | GeneDx Holdings Corp. Class A | 8,025 | 4 |
* | Pear Therapeutics Inc. | 3,669 | 4 |
* | Celularity Inc. | 5,769 | 4 |
* | Third Harmonic Bio Inc. | 949 | 4 |
* | Kronos Bio Inc. | 1,885 | 3 |
* | Instil Bio Inc. | 3,901 | 3 |
AirSculpt Technologies Inc. | 469 | 3 | |
* | GreenLight Biosciences Holdings PBC | 7,177 | 3 |
* | Mineralys Therapeutics Inc. | 159 | 3 |
* | Enochian Biosciences Inc. | 1,776 | 2 |
* | Jounce Therapeutics Inc. | 1,596 | 2 |
* | VistaGen Therapeutics Inc. | 9,268 | 2 |
* | Aveanna Healthcare Holdings Inc. | 1,874 | 2 |
* | Talaris Therapeutics Inc. | 1,109 | 2 |
* | Alpha Teknova Inc. | 333 | 2 |
* | P3 Health Partners Inc. | 1,366 | 2 |
* | Pardes Biosciences Inc. | 1,452 | 2 |
1 | Babylon Holdings Ltd. Class A | 226 | 2 |
* | ATI Physical Therapy Inc. | 3,817 | 1 |
* | Science 37 Holdings Inc. | 3,130 | 1 |
*,2 | Synergy Pharmaceuticals Inc. | 12,927 | — |
*,2 | Progenics Pharmaceuticals Inc. CVR | 4,323 | — |
*,2 | OmniAb Inc. 12.5 Earnout | 408 | — |
*,2 | OmniAb Inc. 15 Earnout | 408 | — |
427,894 | |||
Industrials (13.6%) | |||
Visa Inc. Class A | 132,452 | 29,131 | |
Mastercard Inc. Class A | 68,449 | 24,319 | |
Accenture plc Class A | 51,036 | 13,553 | |
Raytheon Technologies Corp. | 118,224 | 11,597 |
Shares | Market Value• ($000) | ||
United Parcel Service Inc. Class B (XNYS) | 59,082 | 10,782 | |
Honeywell International Inc. | 54,412 | 10,419 | |
Union Pacific Corp. | 49,439 | 10,248 | |
Caterpillar Inc. | 41,903 | 10,038 | |
Deere & Co. | 22,191 | 9,303 | |
Lockheed Martin Corp. | 18,778 | 8,906 | |
* | Boeing Co. | 44,164 | 8,901 |
American Express Co. | 48,534 | 8,444 | |
General Electric Co. | 88,092 | 7,462 | |
Automatic Data Processing Inc. | 33,627 | 7,392 | |
* | PayPal Holdings Inc. | 91,921 | 6,765 |
Illinois Tool Works Inc. | 24,555 | 5,725 | |
Eaton Corp. plc | 32,239 | 5,640 | |
Northrop Grumman Corp. | 11,794 | 5,474 | |
* | Fiserv Inc. | 47,408 | 5,456 |
CSX Corp. | 168,979 | 5,152 | |
3M Co. | 44,365 | 4,780 | |
General Dynamics Corp. | 19,528 | 4,451 | |
Sherwin-Williams Co. | 19,282 | 4,268 | |
Norfolk Southern Corp. | 18,612 | 4,184 | |
Emerson Electric Co. | 47,696 | 3,945 | |
FedEx Corp. | 19,287 | 3,919 | |
Parker-Hannifin Corp. | 10,285 | 3,619 | |
Johnson Controls International plc | 55,245 | 3,465 | |
Trane Technologies plc | 18,412 | 3,406 | |
Capital One Financial Corp. | 30,634 | 3,342 | |
* | Block Inc. (XNYS) | 43,146 | 3,311 |
L3Harris Technologies Inc. | 15,297 | 3,231 | |
TransDigm Group Inc. | 4,127 | 3,070 | |
Cintas Corp. | 6,969 | 3,056 | |
Carrier Global Corp. | 67,288 | 3,030 | |
Fidelity National Information Services Inc. | 47,487 | 3,009 | |
PACCAR Inc. | 41,113 | 2,968 | |
DuPont de Nemours Inc. | 40,271 | 2,941 | |
Paychex Inc. | 25,892 | 2,858 | |
Otis Worldwide Corp. | 33,497 | 2,834 | |
Cummins Inc. | 11,301 | 2,747 | |
Rockwell Automation Inc. | 9,263 | 2,732 | |
Old Dominion Freight Line Inc. | 8,026 | 2,723 | |
United Rentals Inc. | 5,639 | 2,642 | |
AMETEK Inc. | 18,555 | 2,627 | |
* | Mettler-Toledo International Inc. | 1,759 | 2,522 |
PPG Industries Inc. | 18,934 | 2,500 | |
Global Payments Inc. | 21,609 | 2,425 | |
WW Grainger Inc. | 3,617 | 2,418 | |
* | Keysight Technologies Inc. | 14,339 | 2,294 |
Verisk Analytics Inc. Class A | 12,503 | 2,139 | |
Equifax Inc. | 9,854 | 1,996 | |
Vulcan Materials Co. | 10,631 | 1,923 | |
Ingersoll Rand Inc. (XYNS) | 32,550 | 1,890 | |
Fortive Corp. | 28,203 | 1,880 | |
Quanta Services Inc. | 11,536 | 1,862 | |
Martin Marietta Materials Inc. | 5,013 | 1,804 | |
Dover Corp. | 11,146 | 1,671 | |
* | Teledyne Technologies Inc. | 3,727 | 1,603 |
Westinghouse Air Brake Technologies Corp. | 14,490 | 1,512 | |
Xylem Inc. | 14,537 | 1,492 |
Shares | Market Value• ($000) | ||
* | Waters Corp. | 4,738 | 1,473 |
Ball Corp. | 24,907 | 1,400 | |
IDEX Corp. | 6,062 | 1,364 | |
Amcor plc | 120,380 | 1,341 | |
* | Fair Isaac Corp. | 1,954 | 1,324 |
Expeditors International of Washington Inc. | 12,628 | 1,320 | |
Synchrony Financial | 36,288 | 1,296 | |
Howmet Aerospace Inc. | 30,247 | 1,276 | |
* | Zebra Technologies Corp. Class A | 4,226 | 1,269 |
* | FleetCor Technologies Inc. | 5,797 | 1,245 |
Jacobs Solutions Inc. | 10,329 | 1,234 | |
Textron Inc. | 16,673 | 1,209 | |
JB Hunt Transport Services Inc. | 6,606 | 1,194 | |
Hubbell Inc. Class B | 4,316 | 1,086 | |
* | Axon Enterprise Inc. | 5,392 | 1,080 |
Carlisle Cos. Inc. | 4,114 | 1,062 | |
Snap-on Inc. | 4,177 | 1,039 | |
* | Trimble Inc. | 19,731 | 1,027 |
Packaging Corp. of America | 7,406 | 1,013 | |
Stanley Black & Decker Inc. | 11,779 | 1,008 | |
Nordson Corp. | 4,586 | 1,007 | |
TransUnion | 15,395 | 1,007 | |
Booz Allen Hamilton Holding Corp. Class A | 10,505 | 995 | |
* | Builders FirstSource Inc. | 11,739 | 995 |
Masco Corp. | 18,232 | 956 | |
Jack Henry & Associates Inc. | 5,809 | 954 | |
Graco Inc. | 13,441 | 935 | |
CH Robinson Worldwide Inc. | 9,329 | 933 | |
Toro Co. | 8,351 | 922 | |
RPM International Inc. | 10,301 | 913 | |
AECOM | 10,431 | 901 | |
Regal Rexnord Corp. | 5,302 | 836 | |
* | WillScot Mobile Mini Holdings Corp. | 16,193 | 832 |
Crown Holdings Inc. | 9,385 | 812 | |
Watsco Inc. | 2,652 | 808 | |
Allegion plc | 7,080 | 798 | |
Lincoln Electric Holdings Inc. | 4,509 | 757 | |
Owens Corning | 7,554 | 739 | |
Pentair plc | 13,115 | 734 | |
HEICO Corp. Class A | 5,589 | 727 | |
HEICO Corp. | 4,370 | 724 | |
Knight-Swift Transportation Holdings Inc. | 12,363 | 703 | |
AGCO Corp. | 4,954 | 698 | |
Robert Half International Inc. | 8,599 | 693 | |
Huntington Ingalls Industries Inc. | 3,185 | 685 | |
Genpact Ltd. | 14,330 | 684 | |
* | WEX Inc. | 3,539 | 682 |
* | Middleby Corp. | ��� 4,324 | 672 |
* | Bill Holdings Inc. | 7,937 | 672 |
Cognex Corp. | 14,025 | 665 | |
A O Smith Corp. | 10,079 | 661 | |
Westrock Co. | 20,597 | 647 | |
Lennox International Inc. | 2,537 | 646 | |
Fortune Brands Innovations Inc. | 10,298 | 638 | |
Berry Global Group Inc. | 10,068 | 625 |
Shares | Market Value• ($000) | ||
EMCOR Group Inc. | 3,739 | 625 | |
Sensata Technologies Holding plc | 12,356 | 625 | |
ITT Inc. | 6,854 | 623 | |
Donaldson Co. Inc. | 9,800 | 620 | |
* | Paylocity Holding Corp. | 3,212 | 619 |
AptarGroup Inc. | 5,234 | 611 | |
* | Generac Holdings Inc. | 4,990 | 599 |
nVent Electric plc | 13,037 | 598 | |
* | WESCO International Inc. | 3,585 | 594 |
Graphic Packaging Holding Co. | 24,506 | 583 | |
Sealed Air Corp. | 11,819 | 575 | |
* | Saia Inc. | 2,118 | 574 |
Tetra Tech Inc. | 4,189 | 573 | |
Curtiss-Wright Corp. | 3,109 | 543 | |
* | TopBuild Corp. | 2,596 | 539 |
Valmont Industries Inc. | 1,675 | 532 | |
* | Axalta Coating Systems Ltd. | 17,660 | 526 |
Landstar System Inc. | 2,857 | 517 | |
Acuity Brands Inc. | 2,597 | 504 | |
MDU Resources Group Inc. | 15,838 | 504 | |
Brunswick Corp. | 5,757 | 503 | |
* | FTI Consulting Inc. | 2,714 | 499 |
Littelfuse Inc. | 1,893 | 490 | |
* | Atkore Inc. | 3,311 | 483 |
* | MasTec Inc. | 4,815 | 471 |
Woodward Inc. | 4,688 | 464 | |
Advanced Drainage Systems Inc. | 5,221 | 463 | |
* | Chart Industries Inc. | 3,450 | 461 |
* | Trex Co. Inc. | 9,023 | 461 |
Sonoco Products Co. | 7,793 | 460 | |
Oshkosh Corp. | 5,144 | 459 | |
MKS Instruments Inc. | 4,676 | 453 | |
Crane Holdings Co. | 3,697 | 443 | |
* | Mohawk Industries Inc. | 4,278 | 440 |
Applied Industrial Technologies Inc. | 3,071 | 439 | |
BWX Technologies Inc. | 7,179 | 439 | |
* | GXO Logistics Inc. | 8,744 | 433 |
* | Fluor Corp. | 11,723 | 430 |
* | ExlService Holdings Inc. | 2,602 | 428 |
* | ATI Inc. | 10,357 | 421 |
Exponent Inc. | 4,010 | 413 | |
Comfort Systems USA Inc. | 2,835 | 412 | |
Eagle Materials Inc. | 2,929 | 411 | |
* | Euronet Worldwide Inc. | 3,739 | 407 |
MSA Safety Inc. | 2,984 | 401 | |
Western Union Co. | 30,897 | 400 | |
Maximus Inc. | 4,769 | 391 | |
* | API Group Corp. | 16,555 | 389 |
Ryder System Inc. | 3,951 | 387 | |
Watts Water Technologies Inc. Class A | 2,184 | 383 | |
Simpson Manufacturing Co. Inc. | 3,469 | 374 | |
Air Lease Corp. Class A | 8,437 | 365 | |
Silgan Holdings Inc. | 6,756 | 361 | |
Flowserve Corp. | 10,382 | 360 | |
Insperity Inc. | 2,899 | 360 | |
Franklin Electric Co. Inc. | 3,743 | 358 | |
* | ASGN Inc. | 4,015 | 357 |
* | Aerojet Rocketdyne Holdings Inc. | 6,288 | 354 |
* | Kirby Corp. | 4,839 | 351 |
Shares | Market Value• ($000) | ||
ManpowerGroup Inc. | 4,136 | 351 | |
Allison Transmission Holdings Inc. | 7,276 | 346 | |
Louisiana-Pacific Corp. | 5,832 | 341 | |
Vontier Corp. | 12,587 | 329 | |
Altra Industrial Motion Corp. | 5,298 | 326 | |
Triton International Ltd. | 4,669 | 322 | |
AAON Inc. | 3,539 | 322 | |
* | Bloom Energy Corp. Class A | 14,794 | 321 |
Terex Corp. | 5,362 | 317 | |
Maxar Technologies Inc. | 6,110 | 315 | |
GATX Corp. | 2,820 | 308 | |
MSC Industrial Direct Co. Inc. Class A | 3,642 | 308 | |
* | AMN Healthcare Services Inc. | 3,414 | 307 |
EnerSys | 3,376 | 306 | |
Armstrong World Industries Inc. | 3,792 | 299 | |
HB Fuller Co. | 4,252 | 297 | |
Belden Inc. | 3,449 | 291 | |
Spirit AeroSystems Holdings Inc. Class A | 8,492 | 290 | |
Badger Meter Inc. | 2,357 | 287 | |
Herc Holdings Inc. | 1,995 | 286 | |
John Bean Technologies Corp. | 2,572 | 285 | |
* | Summit Materials Inc. Class A | 9,450 | 279 |
* | Beacon Roofing Supply Inc. | 4,277 | 278 |
* | O-I Glass Inc. | 12,461 | 277 |
Encore Wire Corp. | 1,429 | 276 | |
* | XPO Inc. | 8,032 | 268 |
Hillenbrand Inc. | 5,584 | 263 | |
Federal Signal Corp. | 4,963 | 262 | |
* | Shift4 Payments Inc. Class A | 4,048 | 261 |
Albany International Corp. Class A | 2,579 | 260 | |
* | Alight Inc. Class A | 27,049 | 260 |
ABM Industries Inc. | 5,332 | 258 | |
* | SPX Technologies Inc. | 3,623 | 255 |
* | ACI Worldwide Inc. | 9,522 | 246 |
Werner Enterprises Inc. | 5,292 | 246 | |
* | TriNet Group Inc. | 2,933 | 243 |
* | Hub Group Inc. Class A | 2,639 | 242 |
Korn Ferry | 4,336 | 242 | |
Otter Tail Corp. | 3,361 | 238 | |
UniFirst Corp. | 1,214 | 238 | |
Brink's Co. | 3,626 | 237 | |
*,1 | Affirm Holdings Inc. | 17,381 | 237 |
Moog Inc. Class A | 2,374 | 234 | |
Esab Corp. | 3,983 | 234 | |
* | AZEK Co. Inc. Class A | 9,655 | 233 |
Scorpio Tankers Inc. | 3,828 | 231 | |
Forward Air Corp. | 2,215 | 229 | |
Zurn Elkay Water Solutions Corp. | 9,810 | 226 | |
Installed Building Products Inc. | 1,942 | 224 | |
* | Atlas Air Worldwide Holdings Inc. | 2,174 | 219 |
* | Resideo Technologies Inc. | 11,698 | 215 |
* | GMS Inc. | 3,501 | 213 |
* | Mercury Systems Inc. | 4,056 | 212 |
Kadant Inc. | 981 | 211 |
Shares | Market Value• ($000) | ||
* | Dycom Industries Inc. | 2,473 | 208 |
* | Itron Inc. | 3,693 | 206 |
ESCO Technologies Inc. | 2,197 | 205 | |
International Seaways Inc. | 3,977 | 205 | |
* | Marqeta Inc. Class A | 35,262 | 205 |
Brady Corp. Class A | 3,688 | 203 | |
McGrath RentCorp. | 1,964 | 202 | |
* | CBIZ Inc. | 3,994 | 200 |
Matson Inc. | 2,965 | 197 | |
*,1 | Frontline plc | 10,335 | 195 |
Kennametal Inc. | 6,835 | 194 | |
ArcBest Corp. | 1,981 | 191 | |
* | Verra Mobility Corp. Class A | 11,015 | 190 |
Trinity Industries Inc. | 6,786 | 189 | |
EnPro Industries Inc. | 1,745 | 188 | |
EVERTEC Inc. | 5,094 | 187 | |
* | StoneCo. Ltd. Class A | 21,461 | 183 |
Helios Technologies Inc. | 2,645 | 179 | |
Mueller Water Products Inc. Class A | 12,871 | 179 | |
Barnes Group Inc. | 4,074 | 172 | |
Bread Financial Holdings Inc. | 4,164 | 171 | |
CSW Industrials Inc. | 1,210 | 171 | |
* | AeroVironment Inc. | 1,984 | 170 |
* | AAR Corp. | 3,076 | 167 |
* | RXO Inc. | 8,134 | 167 |
* | Masonite International Corp. | 1,843 | 164 |
ICF International Inc. | 1,611 | 160 | |
Veritiv Corp. | 1,052 | 159 | |
H&E Equipment Services Inc. | 2,696 | 150 | |
* | MYR Group Inc. | 1,215 | 147 |
* | Core & Main Inc. Class A | 6,275 | 146 |
* | Gibraltar Industries Inc. | 2,704 | 144 |
Lindsay Corp. | 938 | 141 | |
Granite Construction Inc. | 3,238 | 140 | |
DHT Holdings Inc. | 11,864 | 137 | |
* | Evo Payments Inc. Class A | 3,980 | 135 |
Alamo Group Inc. | 733 | 134 | |
Enerpac Tool Group Corp. Class A | 4,973 | 134 | |
Standex International Corp. | 1,128 | 130 | |
* | Remitly Global Inc. | 8,844 | 129 |
Patrick Industries Inc. | 1,751 | 128 | |
ADT Inc. | 17,014 | 128 | |
* | NV5 Global Inc. | 1,195 | 126 |
Schneider National Inc. Class B | 4,490 | 126 | |
Griffon Corp. | 3,403 | 124 | |
Greif Inc. Class A | 1,688 | 120 | |
* | Kratos Defense & Security Solutions Inc. | 9,317 | 118 |
* | Montrose Environmental Group Inc. | 2,431 | 118 |
Textainer Group Holdings Ltd. | 3,563 | 117 | |
* | Gates Industrial Corp. plc | 8,004 | 112 |
* | OSI Systems Inc. | 1,204 | 111 |
* | AvidXchange Holdings Inc. | 11,150 | 111 |
* | PGT Innovations Inc. | 5,159 | 109 |
* | Hillman Solutions Corp. | 12,219 | 109 |
Masterbrand Inc. | 11,162 | 109 | |
* | ZipRecruiter Inc. Class A | 6,326 | 108 |
Kforce Inc. | 1,695 | 106 |
Shares | Market Value• ($000) | ||
* | Flywire Corp. | 4,268 | 106 |
Primoris Services Corp. | 3,778 | 104 | |
* | Air Transport Services Group Inc. | 4,904 | 103 |
* | Huron Consulting Group Inc. | 1,463 | 103 |
* | Modine Manufacturing Co. | 4,207 | 103 |
* | Virgin Galactic Holdings Inc. | 17,909 | 103 |
SFL Corp. Ltd. | 9,514 | 98 | |
1 | Golden Ocean Group Ltd. | 9,442 | 98 |
* | Payoneer Global Inc. | 16,759 | 97 |
Marten Transport Ltd. | 4,329 | 96 | |
Tennant Co. | 1,353 | 96 | |
Wabash National Corp. | 3,493 | 96 | |
* | Mirion Technologies Inc. | 10,337 | 94 |
* | CoreCivic Inc. | 9,563 | 93 |
*,1 | Joby Aviation Inc. | 19,719 | 93 |
TriMas Corp. | 3,079 | 92 | |
* | Vicor Corp. | 1,947 | 91 |
* | CryoPort Inc. | 4,132 | 89 |
* | Proterra Inc. | 21,103 | 89 |
* | Energy Recovery Inc. | 3,945 | 87 |
* | Sterling Infrastructure Inc. | 2,221 | 85 |
* | Vivint Smart Home Inc. | 7,206 | 81 |
* | Construction Partners Inc. Class A | 2,941 | 80 |
* | JELD-WEN Holding Inc. | 6,101 | 80 |
* | Teekay Tankers Ltd. Class A | 1,763 | 80 |
* | Donnelley Financial Solutions Inc. | 1,840 | 78 |
Apogee Enterprises Inc. | 1,689 | 77 | |
Eagle Bulk Shipping Inc. | 1,183 | 77 | |
Astec Industries Inc. | 1,694 | 76 | |
Columbus McKinnon Corp. | 2,059 | 76 | |
Greenbrier Cos. Inc. | 2,349 | 75 | |
*,1 | Enovix Corp. | 8,108 | 75 |
AZZ Inc. | 1,828 | 74 | |
* | International Money Express Inc. | 2,869 | 73 |
1 | Flex LNG Ltd. | 2,101 | 73 |
TTEC Holdings Inc. | 1,793 | 72 | |
* | Cross Country Healthcare Inc. | 2,703 | 71 |
* | Rocket Lab USA Inc. | 15,886 | 71 |
Myers Industries Inc. | 2,678 | 69 | |
* | Napco Security Technologies Inc. | 2,198 | 69 |
Mesa Laboratories Inc. | 377 | 67 | |
Nordic American Tankers Ltd. | 15,107 | 67 | |
* | BlueLinx Holdings Inc. | 787 | 66 |
* | Green Dot Corp. Class A | 3,466 | 66 |
* | Titan Machinery Inc. | 1,450 | 66 |
Shyft Group Inc. | 2,546 | 66 | |
* | Thermon Group Holdings Inc. | 2,460 | 65 |
* | American Woodmark Corp. | 1,256 | 64 |
* | Hayward Holdings Inc. | 5,209 | 64 |
* | Janus International Group Inc. | 6,154 | 64 |
Greif Inc. Class B | 766 | 63 | |
* | First Advantage Corp. | 4,327 | 63 |
CRA International Inc. | 495 | 62 | |
* | Proto Labs Inc. | 1,984 | 62 |
* | Paysafe Ltd. | 3,072 | 61 |
Deluxe Corp. | 3,253 | 60 | |
Douglas Dynamics Inc. | 1,616 | 60 |
Shares | Market Value• ($000) | ||
Trinseo plc | 2,588 | 60 | |
Quanex Building Products Corp. | 2,274 | 59 | |
* | Triumph Group Inc. | 4,673 | 59 |
Heartland Express Inc. | 3,598 | 58 | |
* | Vishay Precision Group Inc. | 1,333 | 58 |
* | LegalZoom.Com Inc. | 7,081 | 58 |
Kaman Corp. | 2,188 | 57 | |
Miller Industries Inc. | 2,066 | 57 | |
Pitney Bowes Inc. | 13,106 | 57 | |
Chase Corp. | 576 | 56 | |
*,1 | Nikola Corp. | 25,334 | 56 |
Ardagh Metal Packaging SA | 11,530 | 56 | |
* | Repay Holdings Corp. Class A | 6,444 | 55 |
* | Manitowoc Co. Inc. | 2,868 | 54 |
* | SP Plus Corp. | 1,590 | 54 |
Ardmore Shipping Corp. | 2,998 | 54 | |
*,1 | PureCycle Technologies Inc. | 8,421 | 54 |
* | Conduent Inc. | 13,363 | 53 |
Cass Information Systems Inc. | 1,036 | 50 | |
Dorian LPG Ltd. | 2,295 | 50 | |
* | Transcat Inc. | 544 | 49 |
* | Titan International Inc. | 3,903 | 48 |
VSE Corp. | 839 | 48 | |
Genco Shipping & Trading Ltd. | 2,501 | 48 | |
Barrett Business Services Inc. | 475 | 46 | |
Ennis Inc. | 2,129 | 46 | |
Gorman-Rupp Co. | 1,659 | 46 | |
Heidrick & Struggles International Inc. | 1,341 | 46 | |
* | Ducommun Inc. | 829 | 45 |
National Presto Industries Inc. | 662 | 45 | |
* | Cimpress plc | 1,271 | 45 |
Allied Motion Technologies Inc. | 1,001 | 43 | |
* | Great Lakes Dredge & Dock Corp. | 7,476 | 43 |
* | TrueBlue Inc. | 2,303 | 43 |
Insteel Industries Inc. | 1,385 | 41 | |
Argan Inc. | 1,036 | 40 | |
* | CIRCOR International Inc. | 1,376 | 40 |
Resources Connection Inc. | 2,215 | 40 | |
* | Target Hospitality Corp. | 2,700 | 40 |
* | V2X Inc. | 853 | 40 |
* | Franklin Covey Co. | 826 | 39 |
Kelly Services Inc. Class A | 2,247 | 38 | |
Costamare Inc. | 3,636 | 38 | |
* | FARO Technologies Inc. | 1,357 | 37 |
Hyster-Yale Materials Handling Inc. | 960 | 37 | |
* | Teekay Corp. | 5,852 | 37 |
Pactiv Evergreen Inc. | 3,395 | 37 | |
Luxfer Holdings plc | 2,186 | 36 | |
* | I3 Verticals Inc. Class A | 1,426 | 35 |
* | Astronics Corp. | 2,224 | 34 |
* | Blue Bird Corp. | 1,651 | 34 |
* | Custom Truck One Source Inc. | 4,767 | 34 |
* | Diversey Holdings Ltd. | 5,503 | 33 |
* | Hudson Technologies Inc. | 3,147 | 32 |
Safe Bulkers Inc. | 8,574 | 32 | |
* | IES Holdings Inc. | 744 | 31 |
Shares | Market Value• ($000) | ||
Powell Industries Inc. | 694 | 31 | |
REV Group Inc. | 2,626 | 31 | |
* | Hyliion Holdings Corp. | 10,961 | 31 |
* | Aersale Corp. | 1,552 | 31 |
* | DXP Enterprises Inc. | 1,031 | 30 |
* | Forrester Research Inc. | 910 | 30 |
* | Atlas Technical Consultants Inc. | 2,448 | 30 |
Cadre Holdings Inc. | 1,392 | 30 | |
* | Daseke Inc. | 3,524 | 29 |
* | Cantaloupe Inc. | 4,990 | 29 |
* | Archer Aviation Inc. Class A | 9,704 | 29 |
* | Babcock & Wilcox Enterprises Inc. | 4,371 | 28 |
* | Tutor Perini Corp. | 3,433 | 28 |
* | Workhorse Group Inc. | 13,365 | 28 |
*,1 | Desktop Metal Inc. Class A | 18,467 | 28 |
United States Lime & Minerals Inc. | 169 | 27 | |
* | Aspen Aerogels Inc. | 2,389 | 26 |
Park Aerospace Corp. | 1,569 | 26 | |
* | ShotSpotter Inc. | 693 | 24 |
Eneti Inc. | 2,214 | 23 | |
* | Blade Air Mobility Inc. | 4,858 | 23 |
* | Sterling Check Corp. | 1,811 | 23 |
* | BrightView Holdings Inc. | 3,427 | 22 |
Covenant Logistics Group Inc. Class A | 616 | 21 | |
* | Hireright Holdings Corp. | 1,915 | 21 |
* | Distribution Solutions Group Inc. | 429 | 19 |
* | Radiant Logistics Inc. | 3,289 | 19 |
* | PAM Transportation Services Inc. | 645 | 19 |
* | Evolv Technologies Holdings Inc. | 7,013 | 19 |
* | IBEX Holdings Ltd. | 659 | 18 |
* | TuSimple Holdings Inc. Class A | 9,418 | 18 |
*,1 | Microvast Holdings Inc. | 13,738 | 18 |
* | Ranpak Holdings Corp. Class A | 2,406 | 15 |
* | Advantage Solutions Inc. | 6,500 | 14 |
Kronos Worldwide Inc. | 1,131 | 13 | |
Preformed Line Products Co. | 141 | 13 | |
Caesarstone Ltd. | 2,247 | 13 | |
Universal Logistics Holdings Inc. | 391 | 12 | |
*,1 | Danimer Scientific Inc. | 4,537 | 12 |
* | CS Disco Inc. | 1,646 | 12 |
* | Concrete Pumping Holdings Inc. | 1,463 | 11 |
* | Willdan Group Inc. | 590 | 11 |
Information Services Group Inc. | 1,830 | 10 | |
*,1 | Velo3D Inc. | 3,215 | 10 |
* | DHI Group Inc. | 2,151 | 9 |
* | Quad/Graphics Inc. | 1,804 | 9 |
* | Ardagh Group SA | 848 | 9 |
* | Atlanticus Holdings Corp. | 225 | 7 |
* | Markforged Holding Corp. | 5,554 | 7 |
* | Spire Global Inc. | 6,331 | 7 |
* | Hyzon Motors Inc. | 4,393 | 6 |
* | Skillsoft Corp. | 4,082 | 6 |
* | Redwire Corp. | 1,580 | �� 6 |
* | Cepton Inc. | 5,670 | 6 |
PFSweb Inc. | 848 | 5 |
Shares | Market Value• ($000) | ||
* | Moneylion Inc. | 7,290 | 5 |
* | Sarcos Technology and Robotics Corp. | 8,684 | 5 |
* | Hydrofarm Holdings Group Inc. | 2,051 | 4 |
Karat Packaging Inc. | 268 | 4 | |
* | View Inc. | 7,026 | 4 |
*,1 | Astra Space Inc. | 7,192 | 4 |
* | Berkshire Grey Inc. | 3,108 | 4 |
*,1 | Priority Technology Holdings Inc. | 713 | 3 |
* | Latch Inc. | 4,440 | 3 |
* | Terran Orbital Corp. | 1,211 | 3 |
* | Momentus Inc. | 2,739 | 2 |
* | Xos Inc. | 2,810 | 2 |
* | Lightning eMotors Inc. | 2,004 | 1 |
*,1 | AEye Inc. | 2,256 | 1 |
* | Cerberus Cyber Sentinel Corp. | 2,290 | 1 |
431,193 | |||
Other (0.0%)3 | |||
Scilex Holding Co. | 4,893 | 38 | |
*,2 | Aduro Biotech Inc. CVR | 656 | — |
38 | |||
Real Estate (3.4%) | |||
Prologis Inc. | 74,168 | 9,152 | |
American Tower Corp. | 37,343 | 7,394 | |
Equinix Inc. | 7,438 | 5,119 | |
Crown Castle Inc. | 34,775 | 4,547 | |
Public Storage | 12,558 | 3,754 | |
Realty Income Corp. | 50,290 | 3,216 | |
Simon Property Group Inc. | 26,244 | 3,204 | |
Welltower Inc. | 38,119 | 2,825 | |
VICI Properties Inc. | 77,140 | 2,586 | |
Digital Realty Trust Inc. | 23,209 | 2,419 | |
* | CoStar Group Inc. | 32,282 | 2,281 |
SBA Communications Corp. Class A | 8,544 | 2,216 | |
* | CBRE Group Inc. Class A | 25,305 | 2,154 |
Alexandria Real Estate Equities Inc. | 13,112 | 1,964 | |
AvalonBay Communities Inc. | 11,269 | 1,944 | |
Equity Residential | 29,701 | 1,857 | |
Weyerhaeuser Co. | 59,133 | 1,848 | |
Extra Space Storage Inc. | 10,646 | 1,753 | |
Ventas Inc. | 32,107 | 1,562 | |
Invitation Homes Inc. | 48,744 | 1,524 | |
Mid-America Apartment Communities Inc. | 9,329 | 1,494 | |
Sun Communities Inc. | 9,746 | 1,395 | |
WP Carey Inc. | 16,554 | 1,344 | |
Iron Mountain Inc. | 23,090 | 1,218 | |
Essex Property Trust Inc. | 5,256 | 1,199 | |
UDR Inc. | 26,244 | 1,124 | |
Gaming and Leisure Properties Inc. | 19,429 | 1,047 | |
Healthpeak Properties Inc. | 42,893 | 1,032 | |
Kimco Realty Corp. | 47,725 | 984 | |
Equity LifeStyle Properties Inc. | 14,183 | 972 | |
Host Hotels & Resorts Inc. | 57,283 | 962 | |
Camden Property Trust | 8,345 | 958 | |
Rexford Industrial Realty Inc. | 14,524 | 878 | |
Regency Centers Corp. | 13,708 | 862 | |
CubeSmart | 18,126 | 852 |
Shares | Market Value• ($000) | ||
Boston Properties Inc. | 12,611 | 826 | |
Life Storage Inc. | 6,814 | 821 | |
American Homes 4 Rent Class A | 25,060 | 777 | |
Lamar Advertising Co. Class A | 6,987 | 731 | |
Federal Realty Investment Trust | 6,488 | 693 | |
* | Jones Lang LaSalle Inc. | 3,799 | 663 |
Americold Realty Trust Inc. | 21,854 | 643 | |
National Retail Properties Inc. | 14,134 | 641 | |
Healthcare Realty Trust Inc. Class A | 30,568 | 596 | |
EastGroup Properties Inc. | 3,386 | 553 | |
First Industrial Realty Trust Inc. | 10,351 | 546 | |
Brixmor Property Group Inc. | 23,247 | 526 | |
Omega Healthcare Investors Inc. | 18,768 | 503 | |
STAG Industrial Inc. | 14,582 | 491 | |
Medical Properties Trust Inc. | 47,321 | 487 | |
Agree Realty Corp. | 6,853 | 485 | |
Spirit Realty Capital Inc. | 11,126 | 458 | |
Apartment Income REIT Corp. | 12,120 | 458 | |
* | Zillow Group Inc. Class C | 10,672 | 448 |
Rayonier Inc. | 11,868 | 399 | |
Ryman Hospitality Properties Inc. | 4,245 | 394 | |
Terreno Realty Corp. | 6,319 | 393 | |
Kite Realty Group Trust | 17,497 | 380 | |
Phillips Edison & Co. Inc. | 9,787 | 334 | |
Independence Realty Trust Inc. | 18,354 | 332 | |
Kilroy Realty Corp. | 9,093 | 328 | |
Cousins Properties Inc. | 13,006 | 319 | |
PotlatchDeltic Corp. | 6,383 | 295 | |
* | Zillow Group Inc. Class A | 7,071 | 292 |
Essential Properties Realty Trust Inc. | 11,224 | 289 | |
National Storage Affiliates Trust | 6,812 | 288 | |
Apple Hospitality REIT Inc. | 17,120 | 283 | |
Vornado Realty Trust | 13,880 | 275 | |
Physicians Realty Trust | 18,406 | 273 | |
Park Hotels & Resorts Inc. | 18,094 | 249 | |
Broadstone Net Lease Inc. | 13,978 | 248 | |
EPR Properties | 6,040 | 247 | |
* | Howard Hughes Corp. | 2,938 | 244 |
Sabra Health Care REIT Inc. | 19,786 | 236 | |
Corporate Office Properties Trust | 9,243 | 235 | |
LXP Industrial Trust | 21,781 | 227 | |
Macerich Co. | 18,920 | 226 | |
Highwoods Properties Inc. | 8,359 | 222 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 7,038 | 221 | |
SITE Centers Corp. | 15,758 | 211 | |
Outfront Media Inc. | 11,874 | 207 | |
Douglas Emmett Inc. | 13,919 | 197 | |
Innovative Industrial Properties Inc. | 2,175 | 192 | |
Four Corners Property Trust Inc. | 6,862 | 186 |
Shares | Market Value• ($000) | ||
Sunstone Hotel Investors Inc. | 17,572 | 186 | |
National Health Investors Inc. | 3,335 | 183 | |
SL Green Realty Corp. | 5,323 | 181 | |
Equity Commonwealth | 8,373 | 178 | |
DigitalBridge Group Inc. | 14,504 | 178 | |
Kennedy-Wilson Holdings Inc. | 10,251 | 171 | |
* | Cushman & Wakefield plc | 12,866 | 166 |
Tanger Factory Outlet Centers Inc. | 8,444 | 159 | |
DiamondRock Hospitality Co. | 18,124 | 158 | |
CareTrust REIT Inc. | 7,878 | 155 | |
JBG SMITH Properties | 8,930 | 154 | |
Pebblebrook Hotel Trust | 10,485 | 150 | |
Urban Edge Properties | 9,751 | 150 | |
RLJ Lodging Trust | 13,121 | 149 | |
Elme Communities | 7,942 | 148 | |
Retail Opportunity Investments Corp. | 10,137 | 144 | |
Xenia Hotels & Resorts Inc. | 9,488 | 133 | |
Service Properties Trust | 11,832 | 130 | |
Alexander & Baldwin Inc. | 6,599 | 123 | |
InvenTrust Properties Corp. | 4,984 | 121 | |
LTC Properties Inc. | 3,259 | 117 | |
* | Veris Residential Inc. | 7,118 | 115 |
American Assets Trust Inc. | 4,400 | 111 | |
Office Properties Income Trust | 6,771 | 111 | |
St. Joe Co. | 2,579 | 110 | |
Getty Realty Corp. | 3,159 | 108 | |
Hudson Pacific Properties Inc. | 11,507 | 106 | |
Uniti Group Inc. | 19,246 | 106 | |
Global Net Lease Inc. | 7,351 | 104 | |
Piedmont Office Realty Trust Inc. Class A | 11,206 | 103 | |
Easterly Government Properties Inc. Class A | 6,763 | 102 | |
Acadia Realty Trust | 6,885 | 100 | |
Newmark Group Inc. Class A | 12,054 | 97 | |
NexPoint Residential Trust Inc. | 1,955 | 95 | |
Apartment Investment and Management Co. Class A | 12,730 | 95 | |
Brandywine Realty Trust | 15,512 | 91 | |
Centerspace | 1,374 | 86 | |
* | Radius Global Infrastructure Inc. Class A (XNMS) | 5,942 | 81 |
NETSTREIT Corp. | 3,878 | 78 | |
* | GEO Group Inc. | 8,657 | 76 |
* | Compass Inc. Class A | 20,956 | 76 |
Empire State Realty Trust Inc. Class A | 9,808 | 71 | |
Paramount Group Inc. | 13,162 | 69 | |
RPT Realty | 6,241 | 67 | |
Armada Hoffler Properties Inc. | 5,150 | 66 | |
Community Healthcare Trust Inc. | 1,705 | 66 | |
Marcus & Millichap Inc. | 1,880 | 65 | |
Necessity Retail REIT Inc. | 9,392 | 64 | |
1 | eXp World Holdings Inc. | 5,286 | 64 |
Shares | Market Value• ($000) | ||
* | Redfin Corp. | 8,462 | 63 |
Safehold Inc. | 2,093 | 63 | |
UMH Properties Inc. | 3,718 | 63 | |
Summit Hotel Properties Inc. | 7,949 | 59 | |
Plymouth Industrial REIT Inc. | 2,682 | 58 | |
Universal Health Realty Income Trust | 968 | 51 | |
* | Opendoor Technologies Inc. | 34,170 | 49 |
* | Anywhere Real Estate Inc. | 8,123 | 47 |
Ares Commercial Real Estate Corp. | 4,010 | 45 | |
Gladstone Land Corp. | 2,536 | 45 | |
Global Medical REIT Inc. | 4,481 | 45 | |
Chatham Lodging Trust | 3,545 | 43 | |
Gladstone Commercial Corp. | 2,939 | 40 | |
Farmland Partners Inc. | 3,474 | 37 | |
Urstadt Biddle Properties Inc. Class A | 2,083 | 36 | |
RMR Group Inc. Class A | 1,232 | 35 | |
Saul Centers Inc. | 888 | 35 | |
Whitestone REIT | 3,533 | 33 | |
Orion Office REIT Inc. | 3,807 | 33 | |
Alexander's Inc. | �� 148 | 32 | |
* | FRP Holdings Inc. | 532 | 29 |
Braemar Hotels & Resorts Inc. | 6,000 | 28 | |
City Office REIT Inc. | 3,154 | 27 | |
One Liberty Properties Inc. | 1,164 | 26 | |
* | Tejon Ranch Co. | 1,292 | 25 |
Douglas Elliman Inc. | 5,684 | 24 | |
* | Forestar Group Inc. | 1,510 | 22 |
Franklin Street Properties Corp. | 8,895 | 22 | |
Hersha Hospitality Trust Class A | 2,607 | 22 | |
Indus Realty Trust Inc. | 312 | 21 | |
Industrial Logistics Properties Trust | 4,745 | 19 | |
RE/MAX Holdings Inc. Class A | 1,026 | 19 | |
* | WeWork Inc. Class A | 16,233 | 19 |
CTO Realty Growth Inc. | 1,046 | 18 | |
Diversified Healthcare Trust | 17,635 | 17 | |
BRT Apartments Corp. | 726 | 15 | |
Postal Realty Trust Inc. Class A | 998 | 15 | |
* | Ashford Hospitality Trust Inc. | 1,897 | 9 |
Stratus Properties Inc. | 305 | 6 | |
* | Transcontinental Realty Investors Inc. | 137 | 6 |
* | Bluerock Homes Trust Inc. | 231 | 5 |
Clipper Realty Inc. | 607 | 4 | |
* | Offerpad Solutions Inc. | 3,453 | 2 |
106,237 | |||
Technology (24.9%) | |||
Apple Inc. | 1,209,973 | 178,362 | |
Microsoft Corp. | 602,352 | 150,239 | |
NVIDIA Corp. | 193,936 | 45,024 | |
* | Alphabet Inc. Class A | 484,202 | 43,607 |
* | Alphabet Inc. Class C | 429,633 | 38,796 |
* | Meta Platforms Inc. Class A | 181,039 | 31,671 |
Broadcom Inc. | 31,754 | 18,871 |
Shares | Market Value• ($000) | ||
* | Salesforce Inc. | 77,542 | 12,687 |
Texas Instruments Inc. | 72,794 | 12,481 | |
* | Adobe Inc. | 37,382 | 12,110 |
QUALCOMM Inc. | 90,175 | 11,139 | |
Oracle Corp. | 122,934 | 10,744 | |
* | Advanced Micro Devices Inc. | 130,145 | 10,227 |
International Business Machines Corp. | 72,362 | 9,356 | |
Intuit Inc. | 22,222 | 9,048 | |
Intel Corp. | 329,226 | 8,208 | |
Applied Materials Inc. | 69,129 | 8,029 | |
Analog Devices Inc. | 41,181 | 7,555 | |
* | ServiceNow Inc. | 16,139 | 6,975 |
Lam Research Corp. | 11,018 | 5,355 | |
Micron Technology Inc. | 87,365 | 5,051 | |
* | Palo Alto Networks Inc. | 23,679 | 4,460 |
* | Synopsys Inc. | 12,233 | 4,450 |
KLA Corp. | 11,398 | 4,324 | |
* | Cadence Design Systems Inc. | 21,961 | 4,237 |
* | Snowflake Inc. Class A | 24,758 | 3,822 |
Amphenol Corp. Class A | 47,189 | 3,658 | |
Roper Technologies Inc. | 8,497 | 3,655 | |
* | Autodesk Inc. | 17,556 | 3,488 |
Microchip Technology Inc. | 42,804 | 3,468 | |
Marvell Technology Inc. | 68,897 | 3,111 | |
* | Fortinet Inc. | 52,004 | 3,091 |
* | Workday Inc. Class A | 16,106 | 2,987 |
* | ON Semiconductor Corp. | 35,006 | 2,710 |
Cognizant Technology Solutions Corp. Class A | 41,216 | 2,581 | |
HP Inc. | 80,520 | 2,377 | |
CDW Corp. | 10,866 | 2,200 | |
* | ANSYS Inc. | 6,928 | 2,103 |
Corning Inc. | 60,841 | 2,066 | |
* | Crowdstrike Holdings Inc. Class A | 16,967 | 2,048 |
* | Gartner Inc. | 6,178 | 2,025 |
* | Atlassian Corp Ltd. Class A | 11,636 | 1,912 |
* | VMware Inc. Class A | 17,016 | 1,874 |
Monolithic Power Systems Inc. | 3,676 | 1,780 | |
* | Datadog Inc. Class A | 21,244 | 1,626 |
Hewlett Packard Enterprise Co. | 103,282 | 1,612 | |
* | Zoom Video Communications Inc. Class A | 20,173 | 1,505 |
* | VeriSign Inc. | 7,428 | 1,462 |
* | HubSpot Inc. | 3,737 | 1,446 |
Skyworks Solutions Inc. | 12,955 | 1,445 | |
* | EPAM Systems Inc. | 4,413 | 1,358 |
* | Cloudflare Inc. Class A | 22,588 | 1,356 |
* | Splunk Inc. | 13,209 | 1,354 |
Teradyne Inc. | 12,667 | 1,281 | |
* | Paycom Software Inc. | 4,205 | 1,216 |
* | Pinterest Inc. Class A | 46,623 | 1,171 |
* | Palantir Technologies Inc. Class A | 147,108 | 1,153 |
NetApp Inc. | 17,519 | 1,131 | |
* | MongoDB Inc. Class A | 5,299 | 1,110 |
* | DoorDash Inc. Class A | 20,025 | 1,095 |
Leidos Holdings Inc. | 11,057 | 1,073 | |
* | PTC Inc. | 8,474 | 1,062 |
* | Tyler Technologies Inc. | 3,280 | 1,054 |
SS&C Technologies Holdings Inc. | 17,826 | 1,046 |
Shares | Market Value• ($000) | ||
Entegris Inc. | 11,862 | 1,011 | |
* | Western Digital Corp. | 25,508 | 982 |
* | DocuSign Inc. Class A | 15,779 | 968 |
* | Twilio Inc. Class A | 14,100 | 948 |
* | GoDaddy Inc. Class A | 12,478 | 945 |
* | Match Group Inc. | 22,356 | 926 |
* | Lattice Semiconductor Corp. | 10,864 | 923 |
* | Zscaler Inc. | 6,908 | 906 |
* | Akamai Technologies Inc. | 12,443 | 903 |
Amdocs Ltd. | 9,795 | 897 | |
Jabil Inc. | 10,620 | 882 | |
Gen Digital Inc. (XNGS) | 44,753 | 873 | |
* | Okta Inc. | 12,116 | 864 |
Dell Technologies Inc. Class C | 20,588 | 837 | |
* | Ceridian HCM Holding Inc. | 11,285 | 823 |
* | Qorvo Inc. | 8,055 | 813 |
* | Dynatrace Inc. | 17,431 | 741 |
* | Black Knight Inc. | 12,293 | 733 |
* | Wolfspeed Inc. | 9,851 | 729 |
* | Manhattan Associates Inc. | 5,033 | 724 |
* | F5 Inc. | 4,776 | 683 |
* | Pure Storage Inc. Class A | 22,616 | 645 |
KBR Inc. | 10,971 | 605 | |
*,1 | Unity Software Inc. | 19,885 | 605 |
* | Arrow Electronics Inc. | 4,986 | 588 |
Bentley Systems Inc. Class B | 13,610 | 551 | |
* | CACI International Inc. Class A | 1,864 | 546 |
* | Globant SA | 3,306 | 546 |
* | ZoomInfo Technologies Inc. Class A | 22,185 | 536 |
* | Nutanix Inc. Class A | 18,568 | 525 |
National Instruments Corp. | 10,362 | 523 | |
* | DXC Technology Co. | 18,438 | 511 |
Universal Display Corp. | 3,555 | 483 | |
Concentrix Corp. | 3,456 | 473 | |
* | Cirrus Logic Inc. | 4,553 | 468 |
* | Silicon Laboratories Inc. | 2,615 | 467 |
* | UiPath Inc. Class A | 31,333 | 465 |
Science Applications International Corp. | 4,330 | 462 | |
* | Aspen Technology Inc. | 2,154 | 457 |
* | Guidewire Software Inc. | 6,470 | 454 |
* | Smartsheet Inc. Class A | 10,144 | 447 |
* | SPS Commerce Inc. | 2,960 | 446 |
* | Novanta Inc. | 2,824 | 443 |
* | Dropbox Inc. Class A | 21,429 | 437 |
Dolby Laboratories Inc. Class A | 4,937 | 406 | |
* | Clarivate plc | 40,053 | 406 |
* | Coherent Corp. | 9,421 | 406 |
* | Wix.com Ltd. | 4,352 | 394 |
Vertiv Holdings Co. Class A | 24,105 | 392 | |
* | Tenable Holdings Inc. | 8,825 | 390 |
* | Procore Technologies Inc. | 5,720 | 383 |
* | Toast Inc. Class A | 20,160 | 381 |
* | Rambus Inc. | 8,542 | 378 |
Power Integrations Inc. | 4,560 | 375 | |
* | Five9 Inc. | 5,659 | 374 |
TD SYNNEX Corp. | 3,869 | 373 | |
* | Synaptics Inc. | 3,155 | 371 |
* | Box Inc. Class A | 11,047 | 368 |
* | Fabrinet | 2,968 | 362 |
* | Super Micro Computer Inc. | 3,686 | 361 |
Shares | Market Value• ($000) | ||
* | Qualys Inc. | 3,043 | 360 |
* | Elastic NV | 6,101 | 360 |
* | Onto Innovation Inc. | 4,221 | 348 |
* | Workiva Inc. Class A | 3,819 | 341 |
* | Insight Enterprises Inc. | 2,537 | 340 |
Avnet Inc. | 7,525 | 336 | |
* | Axcelis Technologies Inc. | 2,595 | 334 |
* | Diodes Inc. | 3,647 | 334 |
*,1 | GLOBALFOUNDRIES Inc. | 5,111 | 334 |
* | Teradata Corp. | 8,119 | 331 |
* | IAC Inc. | 6,195 | 322 |
* | Alteryx Inc. Class A | 4,920 | 321 |
* | IPG Photonics Corp. | 2,558 | 315 |
Advanced Energy Industries Inc. | 3,307 | 308 | |
* | New Relic Inc. | 4,212 | 307 |
* | Blackline Inc. | 4,420 | 302 |
* | Ziff Davis Inc. | 3,819 | 302 |
* | Sanmina Corp. | 4,831 | 292 |
* | Altair Engineering Inc. Class A | 4,313 | 276 |
* | Envestnet Inc. | 4,409 | 276 |
* | MACOM Technology Solutions Holdings Inc. Class H | 3,989 | 273 |
* | Ambarella Inc. | 2,895 | 273 |
* | NCR Corp. | 10,199 | 260 |
* | Kyndryl Holdings Inc. | 16,310 | 256 |
Kulicke & Soffa Industries Inc. | 4,548 | 242 | |
* | Confluent Inc. Class A | 9,868 | 241 |
* | Allegro MicroSystems Inc. | 5,498 | 240 |
* | SentinelOne Inc. Class A | 15,008 | 240 |
Dun & Bradstreet Holdings Inc. | 19,843 | 238 | |
* | Impinj Inc. | 1,773 | 235 |
* | Varonis Systems Inc. Class B | 8,602 | 233 |
* | AppLovin Corp. Class A | 17,282 | 233 |
* | Sprout Social Inc. Class A | 3,763 | 229 |
Vishay Intertechnology Inc. | 10,581 | 225 | |
* | RingCentral Inc. Class A | 6,747 | 223 |
* | Rapid7 Inc. | 4,701 | 222 |
* | Rogers Corp. | 1,504 | 221 |
* | Plexus Corp. | 2,256 | 216 |
* | PagerDuty Inc. | 6,979 | 208 |
Amkor Technology Inc. | 7,985 | 206 | |
* | CommVault Systems Inc. | 3,499 | 206 |
* | Appfolio Inc. Class A | 1,545 | 204 |
* | Verint Systems Inc. | 5,431 | 203 |
* | Blackbaud Inc. | 3,627 | 202 |
Progress Software Corp. | 3,485 | 200 | |
* | MaxLinear Inc. | 5,793 | 198 |
* | Alarm.com Holdings Inc. | 3,880 | 197 |
* | FormFactor Inc. | 6,443 | 194 |
* | Perficient Inc. | 2,739 | 194 |
*,1 | MicroStrategy Inc. Class A | 719 | 189 |
* | DigitalOcean Holdings Inc. | 5,791 | 185 |
Pegasystems Inc. | 3,950 | 183 | |
* | Yelp Inc. Class A | 5,537 | 166 |
* | DoubleVerify Holdings Inc. | 6,213 | 163 |
Xerox Holdings Corp. | 9,850 | 162 | |
* | Bumble Inc. Class A | 6,684 | 162 |
* | NetScout Systems Inc. | 5,658 | 161 |
Shutterstock Inc. | 2,135 | 161 | |
* | Semtech Corp. | 5,195 | 160 |
* | Sitime Corp. | 1,285 | 160 |
Shares | Market Value• ($000) | ||
* | nCino Inc. | 5,771 | 157 |
* | Veradigm Inc. | 9,276 | 154 |
Clear Secure Inc. Class A | 4,968 | 153 | |
Methode Electronics Inc. | 3,124 | 152 | |
CSG Systems International Inc. | 2,640 | 148 | |
* | Q2 Holdings Inc. | 4,508 | 146 |
*,1 | C3.ai Inc. Class A | 6,279 | 142 |
* | Cargurus Inc. | 8,200 | 140 |
* | LiveRamp Holdings Inc. | 5,871 | 139 |
* | Appian Corp. Class A | 3,229 | 134 |
* | Agilysys Inc. | 1,649 | 132 |
* | CCC Intelligent Solutions Holdings Inc. | 14,758 | 132 |
* | Magnite Inc. | 11,792 | 131 |
* | Cohu Inc. | 3,507 | 130 |
* | Ultra Clean Holdings Inc. | 4,018 | 128 |
CTS Corp. | 2,837 | 123 | |
* | Duck Creek Technologies Inc. | 6,500 | 123 |
* | Fastly Inc. Class A | 8,683 | 121 |
* | Upwork Inc. | 9,920 | 113 |
* | Parsons Corp. | 2,472 | 111 |
* | ePlus Inc. | 1,990 | 108 |
* | Sumo Logic Inc. | 8,898 | 106 |
* | Jamf Holding Corp. | 4,880 | 104 |
* | Model N Inc. | 3,060 | 102 |
* | TTM Technologies Inc. | 7,546 | 100 |
* | Paycor HCM Inc. | 4,048 | 100 |
*,1 | indie Semiconductor Inc. | 9,443 | 99 |
* | Everbridge Inc. | 2,985 | 98 |
* | E2open Parent Holdings Inc. | 15,361 | 95 |
* | 3D Systems Corp. | 9,616 | 94 |
* | Photronics Inc. | 5,260 | 93 |
* | Schrodinger Inc. | 4,170 | 91 |
* | Avid Technology Inc. | 3,043 | 88 |
* | Digital Turbine Inc. | 8,219 | 88 |
* | PDF Solutions Inc. | 2,320 | 87 |
* | Zeta Global Holdings Corp. Class A | 7,971 | 85 |
* | Credo Technology Group Holding Ltd. | 7,967 | 85 |
* | Asana Inc. Class A | 5,680 | 84 |
* | Cerence Inc. | 2,915 | 80 |
* | PROS Holdings Inc. | 3,017 | 79 |
* | Zuora Inc. Class A | 9,223 | 78 |
* | TechTarget Inc. | 2,042 | 77 |
Adeia Inc. | 7,822 | 77 | |
* | Veeco Instruments Inc. | 3,571 | 76 |
*,1 | Xometry Inc. Class A | 2,502 | 76 |
* | N-Able Inc. | 6,249 | 74 |
A10 Networks Inc. | 4,642 | 71 | |
* | Ichor Holdings Ltd. | 2,087 | 69 |
* | PAR Technology Corp. | 1,973 | 67 |
* | Informatica Inc. Class A | 3,868 | 67 |
* | Thoughtworks Holding Inc. | 8,905 | 66 |
* | SMART Global Holdings Inc. | 3,776 | 63 |
* | Momentive Global Inc. | 9,151 | 63 |
Benchmark Electronics Inc. | 2,600 | 62 | |
* | Yext Inc. | 8,385 | 62 |
* | ScanSource Inc. | 1,939 | 60 |
* | ForgeRock Inc. Class A | 2,771 | 57 |
* | CEVA Inc. | 1,777 | 56 |
* | Intapp Inc. | 1,412 | 56 |
* | Amplitude Inc. Class A | 4,275 | 56 |
Shares | Market Value• ($000) | ||
* | Consensus Cloud Solutions Inc. | 1,369 | 56 |
* | Olo Inc. Class A | 6,873 | 55 |
* | Planet Labs PBC | 11,860 | 55 |
* | Eventbrite Inc. Class A | 6,170 | 54 |
* | LivePerson Inc. | 5,206 | 53 |
* | PubMatic Inc. Class A | 3,483 | 53 |
*,1 | Matterport Inc. | 17,121 | 52 |
Sapiens International Corp. NV | 2,490 | 51 | |
* | Squarespace Inc. Class A | 2,165 | 51 |
* | EngageSmart Inc. | 2,441 | 51 |
* | NerdWallet Inc. Class A | 2,293 | 47 |
* | Grid Dynamics Holdings Inc. | 3,921 | 46 |
* | Kimball Electronics Inc. | 1,806 | 45 |
Simulations Plus Inc. | 1,187 | 45 | |
* | ACM Research Inc. Class A | 4,294 | 45 |
*,1 | AvePoint Inc. | 8,887 | 44 |
* | Alpha & Omega Semiconductor Ltd. | 1,627 | 43 |
* | BigCommerce Holdings Inc. Series 1 | 4,520 | 43 |
* | Alkami Technology Inc. | 2,788 | 43 |
* | OneSpan Inc. | 2,990 | 40 |
*,1 | IonQ Inc. | 8,366 | 40 |
Hackett Group Inc. | 1,974 | 37 | |
* | Domo Inc. Class B | 2,348 | 36 |
* | Vimeo Inc. | 9,432 | 36 |
* | nLight Inc. | 3,125 | 35 |
PC Connection Inc. | 793 | 35 | |
* | ON24 Inc. | 3,398 | 33 |
American Software Inc. Class A | 2,322 | 31 | |
Ebix Inc. | 1,771 | 31 | |
* | Mitek Systems Inc. | 3,348 | 31 |
*,1 | MeridianLink Inc. | 1,936 | 31 |
* | Mediaalpha Inc. Class A | 1,977 | 30 |
* | SolarWinds Corp. | 3,526 | 30 |
*,1 | MicroVision Inc. | 11,180 | 29 |
* | Couchbase Inc. | 1,806 | 29 |
*,1 | Ouster Inc. | 23,709 | 28 |
* | Bandwidth Inc. Class A | 1,703 | 27 |
* | Definitive Healthcare Corp. Class A | 2,220 | 25 |
* | Cvent Holding Corp. | 3,480 | 25 |
*,1 | Nutex Health Inc. | 18,358 | 25 |
* | EverQuote Inc. Class A | 1,754 | 24 |
* | Enfusion Inc. Class A | 2,212 | 24 |
* | Digimarc Corp. | 1,092 | 22 |
* | Porch Group Inc. | 8,725 | 22 |
* | SmartRent Inc. | 8,389 | 22 |
* | Brightcove Inc. | 3,823 | 21 |
* | Blend Labs Inc. Class A | 13,138 | 21 |
*,1 | Tucows Inc. Class A | 864 | 20 |
* | Unisys Corp. | 4,029 | 20 |
* | EverCommerce Inc. | 2,001 | 20 |
*,1 | Veritone Inc. | 2,686 | 19 |
* | Red Violet Inc. | 895 | 18 |
* | Rimini Street Inc. | 3,927 | 17 |
* | Telos Corp. | 4,272 | 17 |
* | NextNav Inc. | 6,216 | 17 |
*,1 | Applied Digital Corp. | 6,289 | 17 |
* | Upland Software Inc. | 2,772 | 16 |
* | AXT Inc. | 3,354 | 15 |
* | Skillz Inc. Class A | 23,879 | 15 |
Shares | Market Value• ($000) | ||
* | Weave Communications Inc. | 2,777 | 14 |
* | Identiv Inc. | 1,890 | 13 |
* | Edgio Inc. | 10,003 | 12 |
* | Diebold Nixdorf Inc. | 3,360 | 11 |
* | TrueCar Inc. | 4,681 | 11 |
* | Rackspace Technology Inc. | 4,643 | 11 |
* | Aeva Technologies Inc. | 5,329 | 10 |
*,1 | Vivid Seats Inc. Class A | 1,246 | 10 |
* | Innovid Corp. | 6,004 | 10 |
*,1 | Groupon Inc. Class A | 1,073 | 8 |
* | eGain Corp. | 949 | 7 |
* | Atomera Inc. | 1,040 | 7 |
* | 1stdibs.com Inc. | 1,386 | 7 |
*,1 | Cyxtera Technologies Inc. | 3,222 | 7 |
*,1 | Cleanspark Inc. | 2,012 | 6 |
* | Arteris Inc. | 972 | 6 |
* | SkyWater Technology Inc. | 397 | 5 |
*,1 | Cipher Mining Inc. | 3,610 | 5 |
*,1 | Vinco Ventures Inc. | 9,105 | 4 |
* | WM Technology Inc. | 3,615 | 4 |
* | Transphorm Inc. | 1,106 | 4 |
* | Arena Group Holdings Inc. | 569 | 4 |
* | SecureWorks Corp. Class A | 401 | 3 |
*,1 | Beachbody Co. Inc. | 5,263 | 3 |
* | KORE Group Holdings Inc. | 1,790 | 3 |
* | Viant Technology Inc. Class A | 543 | 2 |
* | IronNet Inc. | 3,240 | 2 |
* | Loyalty Ventures Inc. | 936 | 2 |
* | Cryptyde Inc. | 910 | — |
788,297 | |||
Telecommunications (2.5%) | |||
Cisco Systems Inc. | 330,851 | 16,020 | |
Verizon Communications Inc. | 337,852 | 13,112 | |
Comcast Corp. Class A | 345,539 | 12,844 | |
AT&T Inc. | 576,673 | 10,905 | |
* | T-Mobile US Inc. | 47,911 | 6,812 |
Motorola Solutions Inc. | 13,207 | 3,471 | |
* | Charter Communications Inc. Class A | 8,620 | 3,169 |
* | Arista Networks Inc. | 19,805 | 2,747 |
Juniper Networks Inc. | 25,552 | 786 | |
* | Liberty Broadband Corp. Class C | 8,598 | 745 |
* | Roku Inc. | 10,071 | 651 |
* | Iridium Communications Inc. | 10,389 | 638 |
* | Ciena Corp. | 11,989 | 578 |
* | Frontier Communications Parent Inc. | 20,308 | 556 |
Cable One Inc. | 463 | 320 | |
* | Lumentum Holdings Inc. | 5,489 | 295 |
Lumen Technologies Inc. | 82,571 | 281 | |
Cogent Communications Holdings Inc. | 3,901 | 252 | |
* | Calix Inc. | 4,562 | 233 |
* | DISH Network Corp. Class A | 20,054 | 229 |
* | Viavi Solutions Inc. | 18,774 | 205 |
* | Liberty Broadband Corp. Class A | 2,337 | 203 |
* | Extreme Networks Inc. | 10,428 | 195 |
* | ViaSat Inc. | 5,821 | 185 |
InterDigital Inc. | 2,503 | 183 | |
*,1 | Infinera Corp. | 17,661 | 125 |
Shares | Market Value• ($000) | ||
* | CommScope Holding Co. Inc. | 16,829 | 122 |
* | Liberty Latin America Ltd. Class C | 13,576 | 119 |
Telephone and Data Systems Inc. | 7,712 | 98 | |
Adtran Holdings Inc. | 5,625 | 98 | |
* | Harmonic Inc. | 6,731 | 89 |
* | Digi International Inc. | 2,495 | 83 |
Ubiquiti Inc. | 305 | 82 | |
Shenandoah Telecommunications Co. | 3,565 | 70 | |
* | Xperi Inc. | 5,970 | 70 |
* | Globalstar Inc. | 50,336 | 64 |
* | Gogo Inc. | 3,867 | 64 |
* | Altice USA Inc. Class A | 15,437 | 61 |
* | Liberty Latin America Ltd. Class A | 6,846 | 60 |
* | Ribbon Communications Inc. | 12,431 | 55 |
* | Clearfield Inc. | 844 | 53 |
* | EchoStar Corp. Class A | 2,424 | 48 |
* | Lightwave Logic Inc. | 7,915 | 47 |
* | 8x8 Inc. | 7,855 | 42 |
* | Anterix Inc. | 1,375 | 41 |
ATN International Inc. | 895 | 38 | |
* | WideOpenWest Inc. | 3,510 | 38 |
* | NETGEAR Inc. | 2,068 | 37 |
* | IDT Corp. Class B | 1,131 | 34 |
Comtech Telecommunications Corp. | 2,022 | 32 | |
* | Consolidated Communications Holdings Inc. | 10,426 | 32 |
* | Aviat Networks Inc. | 895 | 32 |
*,1 | fuboTV Inc. | 13,472 | 26 |
* | Ooma Inc. | 1,790 | 23 |
* | United States Cellular Corp. | 814 | 20 |
* | Akoustis Technologies Inc. | 4,997 | 19 |
* | Cambium Networks Corp. | 952 | 19 |
* | Charge Enterprises Inc. | 10,774 | 12 |
* | DZS Inc. | 846 | 9 |
* | Casa Systems Inc. | 1,540 | 6 |
* | Inseego Corp. | 4,042 | 4 |
* | Kaleyra Inc. | 2,443 | 2 |
77,489 | |||
Utilities (3.0%) | |||
NextEra Energy Inc. | 159,957 | 11,362 | |
Duke Energy Corp. | 61,662 | 5,812 | |
Southern Co. | 87,460 | 5,515 | |
Waste Management Inc. | 32,858 | 4,921 | |
Sempra Energy (XNYS) | 25,379 | 3,806 | |
Dominion Energy Inc. | 67,284 | 3,742 | |
American Electric Power Co. Inc. | 41,620 | 3,661 | |
Exelon Corp. | 80,052 | 3,233 | |
Xcel Energy Inc. | 43,744 | 2,825 | |
Consolidated Edison Inc. | 28,457 | 2,543 | |
Public Service Enterprise Group Inc. | 40,153 | 2,426 | |
WEC Energy Group Inc. | 25,265 | 2,240 | |
Republic Services Inc. Class A | 16,539 | 2,132 | |
Eversource Energy | 27,592 | 2,079 |
Shares | Market Value• ($000) | ||
American Water Works Co. Inc. | 14,664 | 2,059 | |
* | PG&E Corp. | 131,663 | 2,057 |
Edison International | 30,452 | 2,016 | |
Constellation Energy Corp. | 26,238 | 1,965 | |
FirstEnergy Corp. | 43,616 | 1,725 | |
DTE Energy Co. | 15,599 | 1,711 | |
Ameren Corp. | 20,474 | 1,693 | |
Entergy Corp. | 16,208 | 1,667 | |
PPL Corp. | 59,091 | 1,600 | |
CenterPoint Energy Inc. | 49,544 | 1,378 | |
CMS Energy Corp. | 23,035 | 1,358 | |
AES Corp. | 53,591 | 1,323 | |
Atmos Energy Corp. | 10,999 | 1,241 | |
Evergy Inc. | 18,075 | 1,063 | |
Alliant Energy Corp. | 20,415 | 1,047 | |
NiSource Inc. | 32,477 | 891 | |
Essential Utilities Inc. | 18,592 | 795 | |
Vistra Corp. | 31,605 | 695 | |
Pinnacle West Capital Corp. | 8,944 | 659 | |
UGI Corp. | 16,522 | 615 | |
NRG Energy Inc. | 18,297 | 600 | |
OGE Energy Corp. | 16,048 | 573 | |
* | Clean Harbors Inc. | 4,068 | 537 |
* | Evoqua Water Technologies Corp. | 9,622 | 467 |
IDACORP Inc. | 4,212 | 436 | |
National Fuel Gas Co. | 7,201 | 412 | |
* | Sunrun Inc. | 16,401 | 394 |
New Jersey Resources Corp. | 7,543 | 385 | |
Hawaiian Electric Industries Inc. | 8,710 | 352 | |
* | Stericycle Inc. | 7,276 | 347 |
Brookfield Infrastructure Corp. Class A (XTSE) | 7,890 | 341 | |
Southwest Gas Holdings Inc. | 5,391 | 340 | |
ONE Gas Inc. | 4,212 | 338 | |
Portland General Electric Co. | 7,051 | 337 | |
PNM Resources Inc. | 6,847 | 336 | |
Ormat Technologies Inc. (XNYS) | 3,830 | 324 | |
Black Hills Corp. | 5,123 | 315 | |
* | Casella Waste Systems Inc. Class A | 3,933 | 306 |
Spire Inc. | 4,213 | 297 | |
ALLETE Inc. | 4,597 | 281 | |
1 | Brookfield Renewable Corp. Class A | 10,042 | 280 |
NorthWestern Corp. | 4,734 | 274 | |
American States Water Co. | 3,012 | 269 | |
California Water Service Group | 4,498 | 257 | |
Avista Corp. | 6,038 | 248 | |
MGE Energy Inc. | 3,172 | 225 | |
Avangrid Inc. | 5,634 | 220 | |
Chesapeake Utilities Corp. | 1,460 | 187 | |
SJW Group | 2,255 | 172 | |
Clearway Energy Inc. Class C | 4,718 | 148 | |
Northwest Natural Holding Co. | 3,003 | 145 | |
*,1 | Sunnova Energy International Inc. | 8,044 | 143 |
Clearway Energy Inc. Class A | 4,744 | 141 |
Shares | Market Value• ($000) | ||
Middlesex Water Co. | 1,502 | 115 | |
Unitil Corp. | 1,150 | 62 | |
*,1 | Li-Cycle Holdings Corp. | 10,164 | 62 |
* | Harsco Corp. | 6,081 | 51 |
York Water Co. | 1,048 | 46 | |
* | Heritage-Crystal Clean Inc. | 1,077 | 39 |
Artesian Resources Corp. Class A | 663 | 37 | |
*,1 | Vertex Energy Inc. | 3,823 | 36 |
Excelerate Energy Inc. Class A | 1,402 | 30 | |
Aris Water Solution Inc. Class A | 1,895 | 27 | |
*,1 | NuScale Power Corp. | 2,514 | 26 |
* | Altus Power Inc. | 3,378 | 23 |
* | Pure Cycle Corp. | 931 | 8 |
Global Water Resources Inc. | 630 | 8 | |
Via Renewables Inc. Class A | 617 | 4 | |
94,856 | |||
Total Common Stocks (Cost $2,849,442) | 3,159,624 | ||
Temporary Cash Investments (0.4%) | |||
Money Market Fund (0.4%) | |||
4,5 | Vanguard Market Liquidity Fund, 4.640% (Cost $13,203) | 132,058 | 13,205 |
Total Investments (100.2%) (Cost $2,862,645) | 3,172,829 | ||
Other Assets and Liabilities—Net (-0.2%) | (6,587) | ||
Net Assets (100%) | 3,166,242 | ||
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 $10,188,000. |
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 $10,845,000 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 2023 | 18 | 1,709 | (14) |
E-mini S&P 500 Index | March 2023 | 25 | 4,969 | (136) |
(150) |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $2,849,442) | 3,159,624 |
Affiliated Issuers (Cost $13,203) | 13,205 |
Total Investments in Securities | 3,172,829 |
Investment in Vanguard | 114 |
Cash | 100 |
Cash Collateral Pledged—Futures Contracts | 400 |
Receivables for Investment Securities Sold | 661 |
Receivables for Accrued Income | 4,774 |
Receivables for Capital Shares Issued | 6 |
Total Assets | 3,178,884 |
Liabilities | |
Payables for Investment Securities Purchased | 666 |
Collateral for Securities on Loan | 10,845 |
Payables for Capital Shares Redeemed | 1,010 |
Payables to Vanguard | 104 |
Variation Margin Payable—Futures Contracts | 17 |
Total Liabilities | 12,642 |
Net Assets | 3,166,242 |
1 Includes $10,188,000 of securities on loan. | |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 2,870,981 |
Total Distributable Earnings (Loss) | 295,261 |
Net Assets | 3,166,242 |
ETF Shares—Net Assets | |
Applicable to 9,025,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,616,250 |
Net Asset Value Per Share—ETF Shares | $179.09 |
Institutional Shares—Net Assets | |
Applicable to 4,471,441 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,549,992 |
Net Asset Value Per Share—Institutional Shares | $346.64 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 23,758 |
Interest2 | 173 |
Securities Lending—Net | 229 |
Total Income | 24,160 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 34 |
Management and Administrative—ETF Shares | 593 |
Management and Administrative—Institutional Shares | 511 |
Marketing and Distribution—ETF Shares | 42 |
Marketing and Distribution—Institutional Shares | 30 |
Custodian Fees | 44 |
Shareholders’ Reports—ETF Shares | 24 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 7 |
Total Expenses | 1,287 |
Expenses Paid Indirectly | (4) |
Net Expenses | 1,283 |
Net Investment Income | 22,877 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 53,036 |
Futures Contracts | (1,431) |
Realized Net Gain (Loss) | 51,605 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | (21,760) |
Futures Contracts | 178 |
Change in Unrealized Appreciation (Depreciation) | (21,582) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 52,900 |
1 | Dividends are net of foreign withholding taxes of $3,000. |
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 $163,000, less than $1,000, less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $57,209,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 22,877 | 30,384 | |
Realized Net Gain (Loss) | 51,605 | 197,184 | |
Change in Unrealized Appreciation (Depreciation) | (21,582) | (538,691) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 52,900 | (311,123) | |
Distributions | |||
ETF Shares | (10,753) | (15,187) | |
Institutional Shares | (11,917) | (13,526) | |
Total Distributions | (22,670) | (28,713) | |
Capital Share Transactions | |||
ETF Shares | 376,481 | 275,640 | |
Institutional Shares | 94,981 | 450,842 | |
Net Increase (Decrease) from Capital Share Transactions | 471,462 | 726,482 | |
Total Increase (Decrease) | 501,692 | 386,646 | |
Net Assets | |||
Beginning of Period | 2,664,550 | 2,277,904 | |
End of Period | 3,166,242 | 2,664,550 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $177.97 | $208.13 | $158.71 | $133.26 | $133.98 | $113.52 |
Investment Operations | ||||||
Net Investment Income1 | 1.389 | 2.662 | 2.385 | 2.416 | 2.312 | 2.099 |
Net Realized and Unrealized Gain (Loss) on Investments | 1.166 | (30.247) | 49.386 | 25.494 | (.730) | 20.442 |
Total from Investment Operations | 2.555 | (27.585) | 51.771 | 27.910 | 1.582 | 22.541 |
Distributions | ||||||
Dividends from Net Investment Income | (1.435) | (2.575) | (2.351) | (2.460) | (2.302) | (2.081) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.435) | (2.575) | (2.351) | (2.460) | (2.302) | (2.081) |
Net Asset Value, End of Period | $179.09 | $177.97 | $208.13 | $158.71 | $133.26 | $133.98 |
Total Return | 1.48% | -13.36% | 32.90% | 21.31% | 1.25% | 20.07% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,616 | $1,219 | $1,124 | $710 | $463 | $412 |
Ratio of Total Expenses to Average Net Assets | 0.10%2 | 0.10% | 0.10% | 0.10% | 0.10% | 0.15% |
Ratio of Net Investment Income to Average Net Assets | 1.58% | 1.36% | 1.31% | 1.74% | 1.79% | 1.70% |
Portfolio Turnover Rate3 | 1% | 8% | 10% | 8% | 10% | 14% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.10%. |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $344.48 | $402.86 | $307.19 | $257.87 | $259.33 | $219.72 |
Investment Operations | ||||||
Net Investment Income1 | 2.711 | 5.323 | 4.689 | 4.739 | 4.499 | 4.220 |
Net Realized and Unrealized Gain (Loss) on Investments | 2.260 | (58.648) | 95.580 | 49.347 | (1.394) | 39.578 |
Total from Investment Operations | 4.971 | (53.325) | 100.269 | 54.086 | 3.105 | 43.798 |
Distributions | ||||||
Dividends from Net Investment Income | (2.811) | (5.055) | (4.599) | (4.766) | (4.565) | (4.188) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.811) | (5.055) | (4.599) | (4.766) | (4.565) | (4.188) |
Net Asset Value, End of Period | $346.64 | $344.48 | $402.86 | $307.19 | $257.87 | $259.33 |
Total Return | 1.48% | -13.34% | 32.94% | 21.38% | 1.27% | 20.15% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,550 | $1,445 | $1,154 | $1,018 | $871 | $879 |
Ratio of Total Expenses to Average Net Assets | 0.08%2 | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.60% | 1.40% | 1.34% | 1.76% | 1.81% | 1.77% |
Portfolio Turnover Rate3 | 1% | 8% | 10% | 8% | 10% | 14% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.08%. |
3 | Excludes the value of portfolio securities received or delivered as a result of in-kind purchases or redemptions of the fund’s capital shares, including ETF Creation Units. |
A. | The following significant accounting policies conform to generally accepted accounting principles for U.S. investment companies. The fund consistently follows such policies in preparing its financial statements. |
B. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund investment advisory, corporate management, administrative, marketing, and distribution services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
C. | The fund’s custodian bank has agreed to reduce its fees when the fund maintains cash on deposit in the non-interest-bearing custody account. For the six months ended February 28, 2023, custodian fee offset arrangements reduced the fund’s expenses by $4,000 (an annual rate of less than 0.01% of average net assets). |
D. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
Common Stocks | 3,159,611 | 9 | 4 | 3,159,624 |
Temporary Cash Investments | 13,205 | — | — | 13,205 |
Total | 3,172,816 | 9 | 4 | 3,172,829 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 150 | — | — | 150 |
1 | Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments. Only current day’s variation margin is reported within the Statement of Assets and Liabilities. |
E. | As of February 28, 2023, gross unrealized appreciation and depreciation for investments and derivatives based on cost for U.S. federal income tax purposes were as follows: |
Amount ($000) | |
Tax Cost | 2,880,564 |
Gross Unrealized Appreciation | 459,573 |
Gross Unrealized Depreciation | (167,458) |
Net Unrealized Appreciation (Depreciation) | 292,115 |
F. | During the six months ended February 28, 2023, the fund purchased $627,956,000 of investment securities and sold $154,433,000 of investment securities, other than temporary cash investments. Purchases and sales include $477,812,000 and $116,193,000, respectively, in connection with in-kind purchases and redemptions of the fund's capital shares. |
G. | Capital share transactions for each class of shares were: |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 494,363 | 2,850 | 604,261 | 3,075 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (117,882) | (675) | (328,621) | (1,625) | |
Net Increase (Decrease)—ETF Shares | 376,481 | 2,175 | 275,640 | 1,450 | |
Institutional Shares | |||||
Issued | 129,307 | 378 | 858,256 | 2,365 | |
Issued in Lieu of Cash Distributions | 10,913 | 33 | 11,990 | 31 | |
Redeemed | (45,239) | (136) | (419,404) | (1,064) | |
Net Increase (Decrease)—Institutional Shares | 94,981 | 275 | 450,842 | 1,332 |
H. | Management has determined that no events or transactions occurred subsequent to February 28, 2023, that would require recognition or disclosure in these financial statements. |
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 |
• | 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, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Short-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $995.00 | $0.20 |
Admiral™ Shares | 1,000.00 | 995.00 | 0.35 |
Institutional Shares | 1,000.00 | 995.00 | 0.25 |
Intermediate-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $976.10 | $0.20 |
Admiral Shares | 1,000.00 | 976.00 | 0.34 |
Institutional Shares | 1,000.00 | 976.20 | 0.24 |
Long-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $927.40 | $0.19 |
Admiral Shares | 1,000.00 | 927.30 | 0.33 |
Institutional Shares | 1,000.00 | 927.50 | 0.24 |
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 |
1 - 2 Years | 55.7% |
2 - 3 Years | 44.3 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (99.3%) | ||||||
U.S. Government Securities (99.3%) | ||||||
United States Treasury Note/Bond | 0.250% | 3/15/24 | 382,398 | 363,577 | ||
United States Treasury Note/Bond | 2.125% | 3/31/24 | 158,972 | 153,880 | ||
United States Treasury Note/Bond | 2.250% | 3/31/24 | 363,218 | 352,094 | ||
United States Treasury Note/Bond | 0.375% | 4/15/24 | 272,877 | 258,807 | ||
United States Treasury Note/Bond | 2.000% | 4/30/24 | 150,751 | 145,404 | ||
United States Treasury Note/Bond | 2.250% | 4/30/24 | 238,961 | 231,195 | ||
United States Treasury Note/Bond | 2.500% | 4/30/24 | 399,702 | 387,711 | ||
United States Treasury Note/Bond | 0.250% | 5/15/24 | 512,228 | 483,095 | ||
United States Treasury Note/Bond | 2.500% | 5/15/24 | 399,603 | 387,303 | ||
United States Treasury Note/Bond | 2.000% | 5/31/24 | 240,454 | 231,362 | ||
United States Treasury Note/Bond | 2.500% | 5/31/24 | 282,551 | 273,545 | ||
United States Treasury Note/Bond | 0.250% | 6/15/24 | 343,469 | 322,700 | ||
United States Treasury Note/Bond | 1.750% | 6/30/24 | 218,941 | 209,533 | ||
United States Treasury Note/Bond | 2.000% | 6/30/24 | 124,761 | 119,732 | ||
United States Treasury Note/Bond | 3.000% | 6/30/24 | 314,095 | 305,556 | ||
United States Treasury Note/Bond | 0.375% | 7/15/24 | 305,738 | 286,677 | ||
United States Treasury Note/Bond | 1.750% | 7/31/24 | 232,313 | 221,714 | ||
United States Treasury Note/Bond | 2.125% | 7/31/24 | 127,640 | 122,495 | ||
United States Treasury Note/Bond | 3.000% | 7/31/24 | 256,724 | 249,423 | ||
United States Treasury Note/Bond | 0.375% | 8/15/24 | 589,360 | 550,775 | ||
United States Treasury Note/Bond | 2.375% | 8/15/24 | 444,394 | 427,521 | ||
United States Treasury Note/Bond | 1.250% | 8/31/24 | 174,547 | 164,974 | ||
United States Treasury Note/Bond | 1.875% | 8/31/24 | 136,119 | 129,845 | ||
United States Treasury Note/Bond | 3.250% | 8/31/24 | 267,728 | 260,826 | ||
United States Treasury Note/Bond | 0.375% | 9/15/24 | 469,282 | 437,239 | ||
United States Treasury Note/Bond | 1.500% | 9/30/24 | 159,820 | 151,355 | ||
United States Treasury Note/Bond | 2.125% | 9/30/24 | 75,912 | 72,626 | ||
United States Treasury Note/Bond | 4.250% | 9/30/24 | 292,628 | 289,336 | ||
United States Treasury Note/Bond | 0.625% | 10/15/24 | 427,375 | 398,527 | ||
United States Treasury Note/Bond | 1.500% | 10/31/24 | 167,505 | 158,292 | ||
United States Treasury Note/Bond | 2.250% | 10/31/24 | 88,331 | 84,508 | ||
United States Treasury Note/Bond | 4.375% | 10/31/24 | 241,209 | 238,910 | ||
United States Treasury Note/Bond | 0.750% | 11/15/24 | 669,589 | 623,869 | ||
United States Treasury Note/Bond | 2.250% | 11/15/24 | 254,131 | 243,052 | ||
United States Treasury Note/Bond | 7.500% | 11/15/24 | 5,470 | 5,696 | ||
United States Treasury Note/Bond | 1.500% | 11/30/24 | 171,449 | 161,698 | ||
United States Treasury Note/Bond | 2.125% | 11/30/24 | 118,239 | 112,733 | ||
United States Treasury Note/Bond | 4.500% | 11/30/24 | 271,824 | 269,870 | ||
United States Treasury Note/Bond | 1.000% | 12/15/24 | 384,535 | 358,879 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 1.750% | 12/31/24 | 146,759 | 138,779 | ||
United States Treasury Note/Bond | 2.250% | 12/31/24 | 108,431 | 103,450 | ||
United States Treasury Note/Bond | 4.250% | 12/31/24 | 271,702 | 268,645 | ||
United States Treasury Note/Bond | 1.125% | 1/15/25 | 381,939 | 356,576 | ||
United States Treasury Note/Bond | 1.375% | 1/31/25 | 168,383 | 157,833 | ||
United States Treasury Note/Bond | 2.500% | 1/31/25 | 97,787 | 93,646 | ||
United States Treasury Note/Bond | 4.125% | 1/31/25 | 244,950 | 241,773 | ||
United States Treasury Note/Bond | 1.500% | 2/15/25 | 562,657 | 527,930 | ||
United States Treasury Note/Bond | 2.000% | 2/15/25 | 363,476 | 344,450 | ||
United States Treasury Note/Bond | 7.625% | 2/15/25 | 6,613 | 6,947 | ||
United States Treasury Note/Bond | 1.125% | 2/28/25 | 215,722 | 200,689 | ||
United States Treasury Note/Bond | 2.750% | 2/28/25 | 156,214 | 150,136 | ||
United States Treasury Note/Bond | 4.625% | 2/28/25 | 211,530 | 210,869 | ||
United States Treasury Note/Bond | 1.750% | 3/15/25 | 402,538 | 378,763 | ||
United States Treasury Note/Bond | 0.500% | 3/31/25 | 264,910 | 242,765 | ||
United States Treasury Note/Bond | 2.625% | 3/31/25 | 86,719 | 83,088 | ||
United States Treasury Note/Bond | 2.625% | 4/15/25 | 406,489 | 388,959 | ||
United States Treasury Note/Bond | 0.375% | 4/30/25 | 287,219 | 261,639 | ||
United States Treasury Note/Bond | 2.875% | 4/30/25 | 167,266 | 160,837 | ||
United States Treasury Note/Bond | 2.125% | 5/15/25 | 327,347 | 309,599 | ||
United States Treasury Note/Bond | 2.750% | 5/15/25 | 399,781 | 383,228 | ||
United States Treasury Note/Bond | 0.250% | 5/31/25 | 254,594 | 230,606 | ||
United States Treasury Note/Bond | 2.875% | 5/31/25 | 163,219 | 156,843 | ||
United States Treasury Note/Bond | 2.875% | 6/15/25 | 316,032 | 303,687 | ||
United States Treasury Note/Bond | 0.250% | 6/30/25 | 305,717 | 276,292 | ||
United States Treasury Note/Bond | 2.750% | 6/30/25 | 79,528 | 76,160 | ||
United States Treasury Note/Bond | 3.000% | 7/15/25 | 293,373 | 282,463 | ||
United States Treasury Note/Bond | 0.250% | 7/31/25 | 308,445 | 277,841 | ||
United States Treasury Note/Bond | 2.875% | 7/31/25 | 175,220 | 168,211 | ||
United States Treasury Note/Bond | 2.000% | 8/15/25 | 296,254 | 278,294 | ||
United States Treasury Note/Bond | 3.125% | 8/15/25 | 371,745 | 358,850 | ||
United States Treasury Note/Bond | 6.875% | 8/15/25 | 5,057 | 5,308 | ||
United States Treasury Note/Bond | 0.250% | 8/31/25 | 299,200 | 268,719 | ||
United States Treasury Note/Bond | 2.750% | 8/31/25 | 128,649 | 122,980 | ||
United States Treasury Note/Bond | 3.500% | 9/15/25 | 281,378 | 273,992 | ||
United States Treasury Note/Bond | 0.250% | 9/30/25 | 345,080 | 309,332 | ||
United States Treasury Note/Bond | 3.000% | 9/30/25 | 157,935 | 151,815 | ||
United States Treasury Note/Bond | 4.250% | 10/15/25 | 383,408 | 380,173 | ||
United States Treasury Note/Bond | 0.250% | 10/31/25 | 225,519 | 201,346 | ||
United States Treasury Note/Bond | 3.000% | 10/31/25 | 134,094 | 128,793 | ||
United States Treasury Note/Bond | 2.250% | 11/15/25 | 347,884 | 327,555 | ||
United States Treasury Note/Bond | 4.500% | 11/15/25 | 473,125 | 472,312 | ||
United States Treasury Note/Bond | 0.375% | 11/30/25 | 272,050 | 243,017 | ||
United States Treasury Note/Bond | 2.875% | 11/30/25 | 136,826 | 130,968 | ||
United States Treasury Note/Bond | 4.000% | 12/15/25 | 425,563 | 419,844 | ||
United States Treasury Note/Bond | 0.375% | 12/31/25 | 227,686 | 203,103 | ||
United States Treasury Note/Bond | 2.625% | 12/31/25 | 148,238 | 140,919 | ||
United States Treasury Note/Bond | 3.875% | 1/15/26 | 305,524 | 300,273 | ||
United States Treasury Note/Bond | 0.375% | 1/31/26 | 408,520 | 362,881 | ||
United States Treasury Note/Bond | 2.625% | 1/31/26 | 173,622 | 164,832 | ||
United States Treasury Note/Bond | 1.625% | 2/15/26 | 326,890 | 301,045 | ||
United States Treasury Note/Bond | 4.000% | 2/15/26 | 376,530 | 371,353 | ||
United States Treasury Note/Bond | 6.000% | 2/15/26 | 20,180 | 20,968 | ||
United States Treasury Note/Bond | 0.500% | 2/28/26 | 377,250 | 335,340 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 2.500% | 2/28/26 | 150,900 | 142,600 | ||
Total U.S. Government and Agency Obligations (Cost $24,198,081) | 23,445,650 | |||||
Shares | ||||||
Temporary Cash Investments (0.3%) | ||||||
Money Market Fund (0.3%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $78,542) | 4.640% | 785,524 | 78,544 | ||
Total Investments (99.6%) (Cost $24,276,623) | 23,524,194 | |||||
Other Assets and Liabilities—Net (0.4%) | 92,047 | |||||
Net Assets (100%) | 23,616,241 |
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, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $24,198,081) | 23,445,650 |
Affiliated Issuers (Cost $78,542) | 78,544 |
Total Investments in Securities | 23,524,194 |
Investment in Vanguard | 830 |
Receivables for Investment Securities Sold | 1,399,248 |
Receivables for Accrued Income | 104,380 |
Receivables for Capital Shares Issued | 3,890 |
Total Assets | 25,032,542 |
Liabilities | |
Due to Custodian | 62 |
Payables for Investment Securities Purchased | 1,375,055 |
Payables for Capital Shares Redeemed | 39,067 |
Payables for Distributions | 1,746 |
Payables to Vanguard | 371 |
Total Liabilities | 1,416,301 |
Net Assets | 23,616,241 |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 24,693,744 |
Total Distributable Earnings (Loss) | (1,077,503) |
Net Assets | 23,616,241 |
ETF Shares—Net Assets | |
Applicable to 335,238,353 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 19,329,507 |
Net Asset Value Per Share—ETF Shares | $57.66 |
Admiral Shares—Net Assets | |
Applicable to 154,605,236 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,967,717 |
Net Asset Value Per Share—Admiral Shares | $19.20 |
Institutional Shares—Net Assets | |
Applicable to 54,694,481 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,319,017 |
Net Asset Value Per Share—Institutional Shares | $24.12 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 241,017 |
Total Income | 241,017 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 278 |
Management and Administrative—ETF Shares | 2,554 |
Management and Administrative—Admiral Shares | 852 |
Management and Administrative—Institutional Shares | 257 |
Marketing and Distribution—ETF Shares | 509 |
Marketing and Distribution—Admiral Shares | 77 |
Marketing and Distribution—Institutional Shares | 25 |
Custodian Fees | 46 |
Shareholders’ Reports—ETF Shares | 173 |
Shareholders’ Reports—Admiral Shares | 9 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 5 |
Other Expenses | 6 |
Total Expenses | 4,792 |
Expenses Paid Indirectly | (44) |
Net Expenses | 4,748 |
Net Investment Income | 236,269 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | (227,359) |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (97,221) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (88,311) |
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 $1,009,000, $19,000, less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $843,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 236,269 | 105,867 | |
Realized Net Gain (Loss) | (227,359) | (147,549) | |
Change in Unrealized Appreciation (Depreciation) | (97,221) | (676,009) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (88,311) | (717,691) | |
Distributions | |||
ETF Shares | (168,469) | (116,564) | |
Admiral Shares | (30,307) | (20,209) | |
Institutional Shares | (13,098) | (10,271) | |
Total Distributions | (211,874) | (147,044) | |
Capital Share Transactions | |||
ETF Shares | 4,004,474 | 2,863,266 | |
Admiral Shares | 502,542 | 190,909 | |
Institutional Shares | 245,892 | 12,395 | |
Net Increase (Decrease) from Capital Share Transactions | 4,752,908 | 3,066,570 | |
Total Increase (Decrease) | 4,452,723 | 2,201,835 | |
Net Assets | |||
Beginning of Period | 19,163,518 | 16,961,683 | |
End of Period | 23,616,241 | 19,163,518 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $58.51 | $61.50 | $62.13 | $61.12 | $59.89 | $60.86 |
Investment Operations | ||||||
Net Investment Income1 | .637 | .368 | .288 | .956 | 1.430 | .965 |
Net Realized and Unrealized Gain (Loss) on Investments | (.930) | (2.860) | (.220) | 1.115 | 1.165 | (1.062) |
Total from Investment Operations | (.293) | (2.492) | .068 | 2.071 | 2.595 | (.097) |
Distributions | ||||||
Dividends from Net Investment Income | (.557) | (.310) | (.325) | (1.061) | (1.365) | (.873) |
Distributions from Realized Capital Gains | — | (.188) | (.373) | — | — | — |
Total Distributions | (.557) | (.498) | (.698) | (1.061) | (1.365) | (.873) |
Net Asset Value, End of Period | $57.66 | $58.51 | $61.50 | $62.13 | $61.12 | $59.89 |
Total Return | -0.50% | -4.07% | 0.11% | 3.43% | 4.39% | -0.15% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $19,330 | $15,565 | $13,394 | $9,140 | $5,334 | $3,080 |
Ratio of Total Expenses to Average Net Assets | 0.04%2 | 0.04%2 | 0.04% | 0.05% | 0.05% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.22% | 0.61% | 0.47% | 1.55% | 2.37% | 1.61% |
Portfolio Turnover Rate3 | 30% | 59% | 66% | 67% | 55% | 67% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.04%. |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $19.50 | $20.51 | $20.71 | $20.35 | $19.95 | $20.29 |
Investment Operations | ||||||
Net Investment Income1 | .209 | .114 | .095 | .312 | .472 | .324 |
Net Realized and Unrealized Gain (Loss) on Investments | (.306) | (.949) | (.078) | .375 | .384 | (.358) |
Total from Investment Operations | (.097) | (.835) | .017 | .687 | .856 | (.034) |
Distributions | ||||||
Dividends from Net Investment Income | (.203) | (.112) | (.093) | (.327) | (.456) | (.306) |
Distributions from Realized Capital Gains | — | (.063) | (.124) | — | — | — |
Total Distributions | (.203) | (.175) | (.217) | (.327) | (.456) | (.306) |
Net Asset Value, End of Period | $19.20 | $19.50 | $20.51 | $20.71 | $20.35 | $19.95 |
Total Return2 | -0.50% | -4.09% | 0.08% | 3.41% | 4.34% | -0.16% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,968 | $2,506 | $2,430 | $2,748 | $1,596 | $929 |
Ratio of Total Expenses to Average Net Assets | 0.07%3 | 0.07%3 | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.19% | 0.57% | 0.46% | 1.52% | 2.35% | 1.61% |
Portfolio Turnover Rate4 | 30% | 59% | 66% | 67% | 55% | 67% |
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 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.07%. |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $24.50 | $25.77 | $26.02 | $25.57 | $25.06 | $25.49 |
Investment Operations | ||||||
Net Investment Income1 | .265 | .145 | .120 | .421 | .598 | .425 |
Net Realized and Unrealized Gain (Loss) on Investments | (.388) | (1.191) | (.092) | .445 | .490 | (.467) |
Total from Investment Operations | (.123) | (1.046) | .028 | .866 | 1.088 | (.042) |
Distributions | ||||||
Dividends from Net Investment Income | (.257) | (.145) | (.122) | (.416) | (.578) | (.388) |
Distributions from Realized Capital Gains | — | (.079) | (.156) | — | — | — |
Total Distributions | (.257) | (.224) | (.278) | (.416) | (.578) | (.388) |
Net Asset Value, End of Period | $24.12 | $24.50 | $25.77 | $26.02 | $25.57 | $25.06 |
Total Return | -0.50% | -4.08% | 0.11% | 3.42% | 4.40% | -0.16% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,319 | $1,092 | $1,138 | $1,104 | $974 | $508 |
Ratio of Total Expenses to Average Net Assets | 0.05%2 | 0.05%2 | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 2.20% | 0.58% | 0.47% | 1.63% | 2.37% | 1.63% |
Portfolio Turnover Rate3 | 30% | 59% | 66% | 67% | 55% | 67% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.05%. |
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. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 23,445,650 | — | 23,445,650 |
Temporary Cash Investments | 78,544 | — | — | 78,544 |
Total | 78,544 | 23,445,650 | — | 23,524,194 |
Amount ($000) | |
Tax Cost | 24,277,283 |
Gross Unrealized Appreciation | 36 |
Gross Unrealized Depreciation | (753,125) |
Net Unrealized Appreciation (Depreciation) | (753,089) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 5,368,524 | 92,766 | 7,645,151 | 128,173 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,364,050) | (23,575) | (4,781,885) | (79,925) | |
Net Increase (Decrease)—ETF Shares | 4,004,474 | 69,191 | 2,863,266 | 48,248 | |
Admiral Shares | |||||
Issued | 1,289,531 | 66,864 | 1,386,561 | 69,862 | |
Issued in Lieu of Cash Distributions | 22,402 | 1,162 | 15,276 | 765 | |
Redeemed | (809,391) | (41,947) | (1,210,928) | (60,577) | |
Net Increase (Decrease)—Admiral Shares | 502,542 | 26,079 | 190,909 | 10,050 | |
Institutional Shares | |||||
Issued | 512,881 | 21,146 | 585,141 | 23,322 | |
Issued in Lieu of Cash Distributions | 11,882 | 491 | 8,407 | 335 | |
Redeemed | (278,871) | (11,523) | (581,153) | (23,235) | |
Net Increase (Decrease)—Institutional Shares | 245,892 | 10,114 | 12,395 | 422 |
2 - 4 Years | 22.2% |
4 - 6 Years | 43.1 |
6 - 8 Years | 20.1 |
8 - 10 Years | 14.6 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (99.3%) | ||||||
U.S. Government Securities (99.3%) | ||||||
United States Treasury Note/Bond | 0.750% | 3/31/26 | 177,754 | 159,034 | ||
United States Treasury Note/Bond | 2.250% | 3/31/26 | 96,366 | 90,313 | ||
United States Treasury Note/Bond | 0.750% | 4/30/26 | 172,078 | 153,391 | ||
United States Treasury Note/Bond | 2.375% | 4/30/26 | 104,985 | 98,620 | ||
United States Treasury Note/Bond | 1.625% | 5/15/26 | 208,472 | 190,947 | ||
United States Treasury Note/Bond | 0.750% | 5/31/26 | 200,784 | 178,510 | ||
United States Treasury Note/Bond | 2.125% | 5/31/26 | 93,930 | 87,399 | ||
United States Treasury Note/Bond | 0.875% | 6/30/26 | 193,941 | 172,850 | ||
United States Treasury Note/Bond | 1.875% | 6/30/26 | 110,893 | 102,316 | ||
United States Treasury Note/Bond | 0.625% | 7/31/26 | 177,927 | 156,743 | ||
United States Treasury Note/Bond | 1.875% | 7/31/26 | 133,397 | 122,809 | ||
United States Treasury Note/Bond | 1.500% | 8/15/26 | 228,497 | 207,361 | ||
United States Treasury Note/Bond | 6.750% | 8/15/26 | 11,101 | 11,897 | ||
United States Treasury Note/Bond | 0.750% | 8/31/26 | 225,330 | 198,854 | ||
United States Treasury Note/Bond | 1.375% | 8/31/26 | 63,057 | 56,929 | ||
United States Treasury Note/Bond | 0.875% | 9/30/26 | 197,938 | 175,082 | ||
United States Treasury Note/Bond | 1.625% | 9/30/26 | 68,643 | 62,444 | ||
United States Treasury Note/Bond | 1.125% | 10/31/26 | 198,621 | 176,897 | ||
United States Treasury Note/Bond | 1.625% | 10/31/26 | 86,559 | 78,579 | ||
United States Treasury Note/Bond | 2.000% | 11/15/26 | 235,973 | 216,948 | ||
United States Treasury Note/Bond | 6.500% | 11/15/26 | 15,994 | 17,119 | ||
United States Treasury Note/Bond | 1.250% | 11/30/26 | 219,262 | 195,828 | ||
United States Treasury Note/Bond | 1.625% | 11/30/26 | 84,458 | 76,593 | ||
United States Treasury Note/Bond | 1.250% | 12/31/26 | 212,192 | 189,182 | ||
United States Treasury Note/Bond | 1.750% | 12/31/26 | 88,902 | 80,929 | ||
United States Treasury Note/Bond | 1.500% | 1/31/27 | 286,517 | 257,462 | ||
United States Treasury Note/Bond | 2.250% | 2/15/27 | 170,452 | 157,695 | ||
United States Treasury Note/Bond | 6.625% | 2/15/27 | 9,920 | 10,717 | ||
United States Treasury Note/Bond | 1.125% | 2/28/27 | 54,670 | 48,383 | ||
United States Treasury Note/Bond | 1.875% | 2/28/27 | 196,323 | 178,777 | ||
United States Treasury Note/Bond | 0.625% | 3/31/27 | 86,193 | 74,476 | ||
United States Treasury Note/Bond | 2.500% | 3/31/27 | 189,349 | 176,568 | ||
United States Treasury Note/Bond | 0.500% | 4/30/27 | 119,265 | 102,251 | ||
United States Treasury Note/Bond | 2.750% | 4/30/27 | 186,979 | 175,965 | ||
United States Treasury Note/Bond | 2.375% | 5/15/27 | 207,842 | 192,579 | ||
United States Treasury Note/Bond | 0.500% | 5/31/27 | 135,380 | 115,665 | ||
United States Treasury Note/Bond | 2.625% | 5/31/27 | 179,583 | 168,050 | ||
United States Treasury Note/Bond | 0.500% | 6/30/27 | 140,749 | 119,945 | ||
United States Treasury Note/Bond | 3.250% | 6/30/27 | 188,151 | 180,537 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 0.375% | 7/31/27 | 162,380 | 137,262 | ||
United States Treasury Note/Bond | 2.750% | 7/31/27 | 175,173 | 164,553 | ||
United States Treasury Note/Bond | 2.250% | 8/15/27 | 168,897 | 155,227 | ||
United States Treasury Note/Bond | 6.375% | 8/15/27 | 13,325 | 14,414 | ||
United States Treasury Note/Bond | 0.500% | 8/31/27 | 140,340 | 119,004 | ||
United States Treasury Note/Bond | 3.125% | 8/31/27 | 167,575 | 159,929 | ||
United States Treasury Note/Bond | 0.375% | 9/30/27 | 177,727 | 149,429 | ||
United States Treasury Note/Bond | 4.125% | 9/30/27 | 158,155 | 157,339 | ||
United States Treasury Note/Bond | 0.500% | 10/31/27 | 176,055 | 148,546 | ||
United States Treasury Note/Bond | 4.125% | 10/31/27 | 138,517 | 137,824 | ||
United States Treasury Note/Bond | 2.250% | 11/15/27 | 168,034 | 153,961 | ||
United States Treasury Note/Bond | 6.125% | 11/15/27 | 26,432 | �� 28,518 | ||
United States Treasury Note/Bond | 0.625% | 11/30/27 | 187,420 | 158,780 | ||
United States Treasury Note/Bond | 3.875% | 11/30/27 | 164,890 | 162,545 | ||
United States Treasury Note/Bond | 0.625% | 12/31/27 | 197,651 | 167,077 | ||
United States Treasury Note/Bond | 3.875% | 12/31/27 | 158,801 | 156,493 | ||
United States Treasury Note/Bond | 0.750% | 1/31/28 | 230,044 | 195,214 | ||
United States Treasury Note/Bond | 3.500% | 1/31/28 | 129,814 | 125,879 | ||
United States Treasury Note/Bond | 2.750% | 2/15/28 | 217,145 | 203,132 | ||
United States Treasury Note/Bond | 1.125% | 2/29/28 | 213,502 | 184,279 | ||
United States Treasury Note/Bond | 4.000% | 2/29/28 | 198,852 | 197,392 | ||
United States Treasury Note/Bond | 1.250% | 3/31/28 | 209,563 | 181,665 | ||
United States Treasury Note/Bond | 1.250% | 4/30/28 | 231,439 | 200,195 | ||
United States Treasury Note/Bond | 2.875% | 5/15/28 | 239,610 | 224,934 | ||
United States Treasury Note/Bond | 1.250% | 5/31/28 | 250,313 | 216,169 | ||
United States Treasury Note/Bond | 1.250% | 6/30/28 | 213,689 | 184,140 | ||
United States Treasury Note/Bond | 1.000% | 7/31/28 | 218,137 | 185,007 | ||
United States Treasury Note/Bond | 2.875% | 8/15/28 | 241,948 | 226,675 | ||
United States Treasury Note/Bond | 5.500% | 8/15/28 | 21,829 | 23,146 | ||
United States Treasury Note/Bond | 1.125% | 8/31/28 | 224,461 | 191,318 | ||
United States Treasury Note/Bond | 1.250% | 9/30/28 | 226,395 | 193,886 | ||
United States Treasury Note/Bond | 1.375% | 10/31/28 | 230,488 | 198,436 | ||
United States Treasury Note/Bond | 3.125% | 11/15/28 | 222,178 | 210,548 | ||
United States Treasury Note/Bond | 5.250% | 11/15/28 | 31,328 | 33,027 | ||
United States Treasury Note/Bond | 1.500% | 11/30/28 | 220,303 | 190,769 | ||
United States Treasury Note/Bond | 1.375% | 12/31/28 | 203,011 | 174,399 | ||
United States Treasury Note/Bond | 1.750% | 1/31/29 | 203,314 | 178,027 | ||
United States Treasury Note/Bond | 2.625% | 2/15/29 | 222,979 | 205,245 | ||
United States Treasury Note/Bond | 5.250% | 2/15/29 | 16,385 | 17,271 | ||
United States Treasury Note/Bond | 1.875% | 2/28/29 | 201,886 | 178,070 | ||
United States Treasury Note/Bond | 2.375% | 3/31/29 | 177,565 | 160,918 | ||
United States Treasury Note/Bond | 2.875% | 4/30/29 | 164,067 | 152,941 | ||
United States Treasury Note/Bond | 2.375% | 5/15/29 | 199,497 | 180,482 | ||
United States Treasury Note/Bond | 2.750% | 5/31/29 | 155,937 | 144,242 | ||
United States Treasury Note/Bond | 3.250% | 6/30/29 | 147,886 | 140,723 | ||
United States Treasury Note/Bond | 2.625% | 7/31/29 | 153,564 | 140,799 | ||
United States Treasury Note/Bond | 1.625% | 8/15/29 | 167,741 | 144,965 | ||
United States Treasury Note/Bond | 6.125% | 8/15/29 | 14,339 | 15,941 | ||
United States Treasury Note/Bond | 3.125% | 8/31/29 | 140,747 | 132,896 | ||
United States Treasury Note/Bond | 3.875% | 9/30/29 | 141,048 | 139,153 | ||
United States Treasury Note/Bond | 4.000% | 10/31/29 | 128,933 | 128,167 | ||
United States Treasury Note/Bond | 1.750% | 11/15/29 | 127,847 | 111,227 | ||
United States Treasury Note/Bond | 3.875% | 11/30/29 | 143,904 | 142,060 | ||
United States Treasury Note/Bond | 3.875% | 12/31/29 | 135,238 | 133,569 | ||
United States Treasury Note/Bond | 3.500% | 1/31/30 | 122,670 | 118,453 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 1.500% | 2/15/30 | 191,758 | 162,784 | ||
United States Treasury Note/Bond | 4.000% | 2/28/30 | 174,098 | 173,391 | ||
United States Treasury Note/Bond | 0.625% | 5/15/30 | 299,420 | 236,729 | ||
United States Treasury Note/Bond | 6.250% | 5/15/30 | 24,544 | 27,857 | ||
United States Treasury Note/Bond | 0.625% | 8/15/30 | 389,648 | 306,361 | ||
United States Treasury Note/Bond | 0.875% | 11/15/30 | 404,304 | 323,064 | ||
United States Treasury Note/Bond | 1.125% | 2/15/31 | 352,804 | 287,039 | ||
United States Treasury Note/Bond | 5.375% | 2/15/31 | 28,813 | 31,460 | ||
United States Treasury Note/Bond | 1.625% | 5/15/31 | 388,342 | 326,450 | ||
United States Treasury Note/Bond | 1.250% | 8/15/31 | 423,400 | 343,219 | ||
United States Treasury Note/Bond | 1.375% | 11/15/31 | 423,929 | 345,038 | ||
United States Treasury Note/Bond | 1.875% | 2/15/32 | 388,932 | 329,498 | ||
United States Treasury Note/Bond | 2.875% | 5/15/32 | 393,449 | 361,912 | ||
United States Treasury Note/Bond | 2.750% | 8/15/32 | 372,139 | 338,181 | ||
United States Treasury Note/Bond | 4.125% | 11/15/32 | 365,924 | 371,813 | ||
United States Treasury Note/Bond | 3.500% | 2/15/33 | 157,098 | 151,919 | ||
Total U.S. Government and Agency Obligations (Cost $19,243,395) | 17,609,619 | |||||
Shares | ||||||
Temporary Cash Investments (0.4%) | ||||||
Money Market Fund (0.4%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $64,131) | 4.640% | 641,394 | 64,133 | ||
Total Investments (99.7%) (Cost $19,307,526) | 17,673,752 | |||||
Other Assets and Liabilities—Net (0.3%) | 49,224 | |||||
Net Assets (100%) | 17,722,976 |
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, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $19,243,395) | 17,609,619 |
Affiliated Issuers (Cost $64,131) | 64,133 |
Total Investments in Securities | 17,673,752 |
Investment in Vanguard | 672 |
Cash | 144 |
Receivables for Investment Securities Sold | 447,038 |
Receivables for Accrued Income | 73,582 |
Receivables for Capital Shares Issued | 75,088 |
Total Assets | 18,270,276 |
Liabilities | |
Payables for Investment Securities Purchased | 541,708 |
Payables for Capital Shares Redeemed | 4,349 |
Payables for Distributions | 949 |
Payables to Vanguard | 294 |
Total Liabilities | 547,300 |
Net Assets | 17,722,976 |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 19,746,030 |
Total Distributable Earnings (Loss) | (2,023,054) |
Net Assets | 17,722,976 |
ETF Shares—Net Assets | |
Applicable to 218,311,209 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 12,718,692 |
Net Asset Value Per Share—ETF Shares | $58.26 |
Admiral Shares—Net Assets | |
Applicable to 149,432,399 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,935,352 |
Net Asset Value Per Share—Admiral Shares | $19.64 |
Institutional Shares—Net Assets | |
Applicable to 84,871,876 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,068,932 |
Net Asset Value Per Share—Institutional Shares | $24.38 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 206,297 |
Total Income | 206,297 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 225 |
Management and Administrative—ETF Shares | 1,821 |
Management and Administrative—Admiral Shares | 861 |
Management and Administrative—Institutional Shares | 371 |
Marketing and Distribution—ETF Shares | 374 |
Marketing and Distribution—Admiral Shares | 77 |
Marketing and Distribution—Institutional Shares | 38 |
Custodian Fees | 42 |
Shareholders’ Reports—ETF Shares | 184 |
Shareholders’ Reports—Admiral Shares | 14 |
Shareholders’ Reports—Institutional Shares | 22 |
Trustees’ Fees and Expenses | 4 |
Other Expenses | 6 |
Total Expenses | 4,039 |
Expenses Paid Indirectly | (42) |
Net Expenses | 3,997 |
Net Investment Income | 202,300 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | (169,506) |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (413,798) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (381,004) |
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 $462,000, $4,000, less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $21,659,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 202,300 | 181,505 | |
Realized Net Gain (Loss) | (169,506) | (248,281) | |
Change in Unrealized Appreciation (Depreciation) | (413,798) | (1,386,084) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (381,004) | (1,452,860) | |
Distributions | |||
ETF Shares | (140,879) | (165,364) | |
Admiral Shares | (32,117) | (48,477) | |
Institutional Shares | (21,294) | (33,566) | |
Total Distributions | (194,290) | (247,407) | |
Capital Share Transactions | |||
ETF Shares | 1,401,979 | 4,723,604 | |
Admiral Shares | 152,552 | 574,795 | |
Institutional Shares | 431,609 | 195,879 | |
Net Increase (Decrease) from Capital Share Transactions | 1,986,140 | 5,494,278 | |
Total Increase (Decrease) | 1,410,846 | 3,794,011 | |
Net Assets | |||
Beginning of Period | 16,312,130 | 12,518,119 | |
End of Period | 17,722,976 | 16,312,130 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $60.34 | $68.27 | $70.46 | $67.26 | $62.67 | $65.29 |
Investment Operations | ||||||
Net Investment Income1 | .680 | .858 | .809 | 1.239 | 1.515 | 1.250 |
Net Realized and Unrealized Gain (Loss) on Investments | (2.115) | (7.617) | (1.692) | 3.248 | 4.552 | (2.691) |
Total from Investment Operations | (1.435) | (6.759) | (.883) | 4.487 | 6.067 | (1.441) |
Distributions | ||||||
Dividends from Net Investment Income | (.645) | (.805) | (.820) | (1.287) | (1.477) | (1.179) |
Distributions from Realized Capital Gains | — | (.366) | (.487) | — | — | — |
Total Distributions | (.645) | (1.171) | (1.307) | (1.287) | (1.477) | (1.179) |
Net Asset Value, End of Period | $58.26 | $60.34 | $68.27 | $70.46 | $67.26 | $62.67 |
Total Return | -2.39% | -10.01% | -1.26% | 6.76% | 9.84% | -2.21% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $12,719 | $11,726 | $8,147 | $6,547 | $4,353 | $2,680 |
Ratio of Total Expenses to Average Net Assets | 0.04%2 | 0.04%2 | 0.04% | 0.05% | 0.05% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.33% | 1.34% | 1.18% | 1.80% | 2.36% | 1.97% |
Portfolio Turnover Rate3 | 14% | 36% | 33% | 28% | 29% | 31% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.04%. |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $20.35 | $23.04 | $23.78 | $22.68 | $21.13 | $22.03 |
Investment Operations | ||||||
Net Investment Income1 | .226 | .283 | .267 | .416 | .507 | .418 |
Net Realized and Unrealized Gain (Loss) on Investments | (.713) | (2.575) | (.577) | 1.101 | 1.540 | (.911) |
Total from Investment Operations | (.487) | (2.292) | (.310) | 1.517 | 2.047 | (.493) |
Distributions | ||||||
Dividends from Net Investment Income | (.223) | (.274) | (.265) | (.417) | (.497) | (.407) |
Distributions from Realized Capital Gains | — | (.124) | (.165) | — | — | — |
Total Distributions | (.223) | (.398) | (.430) | (.417) | (.497) | (.407) |
Net Asset Value, End of Period | $19.64 | $20.35 | $23.04 | $23.78 | $22.68 | $21.13 |
Total Return2 | -2.40% | -10.05% | -1.31% | 6.76% | 9.83% | -2.24% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,935 | $2,886 | $2,646 | $2,740 | $1,887 | $1,104 |
Ratio of Total Expenses to Average Net Assets | 0.07%3 | 0.07%3 | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.29% | 1.31% | 1.15% | 1.79% | 2.34% | 1.97% |
Portfolio Turnover Rate4 | 14% | 36% | 33% | 28% | 29% | 31% |
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 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.07%. |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $25.26 | $28.60 | $29.51 | $28.15 | $26.23 | $27.33 |
Investment Operations | ||||||
Net Investment Income1 | .284 | .355 | .337 | .527 | .634 | .524 |
Net Realized and Unrealized Gain (Loss) on Investments | (.884) | (3.195) | (.709) | 1.355 | 1.908 | (1.114) |
Total from Investment Operations | (.600) | (2.840) | (.372) | 1.882 | 2.542 | (.590) |
Distributions | ||||||
Dividends from Net Investment Income | (.280) | (.346) | (.334) | (.522) | (.622) | (.510) |
Distributions from Realized Capital Gains | — | (.154) | (.204) | — | — | — |
Total Distributions | (.280) | (.500) | (.538) | (.522) | (.622) | (.510) |
Net Asset Value, End of Period | $24.38 | $25.26 | $28.60 | $29.51 | $28.15 | $26.23 |
Total Return | -2.38% | -10.03% | -1.26% | 6.76% | 9.83% | -2.16% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,069 | $1,700 | $1,725 | $1,558 | $1,183 | $390 |
Ratio of Total Expenses to Average Net Assets | 0.05%2 | 0.05%2 | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 2.32% | 1.32% | 1.17% | 1.83% | 2.36% | 1.99% |
Portfolio Turnover Rate3 | 14% | 36% | 33% | 28% | 29% | 31% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.05%. |
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. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 17,609,619 | — | 17,609,619 |
Temporary Cash Investments | 64,133 | — | — | 64,133 |
Total | 64,133 | 17,609,619 | — | 17,673,752 |
Amount ($000) | |
Tax Cost | 19,320,774 |
Gross Unrealized Appreciation | 1,405 |
Gross Unrealized Depreciation | (1,648,427) |
Net Unrealized Appreciation (Depreciation) | (1,647,022) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 4,227,556 | 71,966 | 7,033,079 | 111,240 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (2,825,577) | (48,000) | (2,309,475) | (36,225) | |
Net Increase (Decrease)—ETF Shares | 1,401,979 | 23,966 | 4,723,604 | 75,015 | |
Admiral Shares | |||||
Issued | 688,300 | 34,671 | 1,661,411 | 77,397 | |
Issued in Lieu of Cash Distributions | 28,661 | 1,447 | 42,941 | 1,980 | |
Redeemed | (564,409) | (28,469) | (1,129,557) | (52,417) | |
Net Increase (Decrease)—Admiral Shares | 152,552 | 7,649 | 574,795 | 26,960 | |
Institutional Shares | |||||
Issued | 588,319 | 23,940 | 737,363 | 27,430 | |
Issued in Lieu of Cash Distributions | 19,410 | 790 | 30,431 | 1,128 | |
Redeemed | (176,120) | (7,170) | (571,915) | (21,578) | |
Net Increase (Decrease)—Institutional Shares | 431,609 | 17,560 | 195,879 | 6,980 |
10 - 15 Years | 1.5% |
15 - 20 Years | 34.8 |
20 - 25 Years | 21.8 |
Over 25 Years | 41.9 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (99.3%) | ||||||
U.S. Government Securities (99.3%) | ||||||
United States Treasury Note/Bond | 4.500% | 2/15/36 | 36,239 | 38,651 | ||
United States Treasury Note/Bond | 4.750% | 2/15/37 | 21,545 | 23,541 | ||
United States Treasury Note/Bond | 5.000% | 5/15/37 | 28,114 | 31,404 | ||
United States Treasury Note/Bond | 4.375% | 2/15/38 | 29,515 | 30,898 | ||
United States Treasury Note/Bond | 4.500% | 5/15/38 | 33,297 | 35,295 | ||
United States Treasury Note/Bond | 3.500% | 2/15/39 | 34,042 | 32,042 | ||
United States Treasury Note/Bond | 4.250% | 5/15/39 | 50,450 | 51,940 | ||
United States Treasury Note/Bond | 4.500% | 8/15/39 | 54,224 | 57,477 | ||
United States Treasury Note/Bond | 4.375% | 11/15/39 | 58,163 | 60,771 | ||
United States Treasury Note/Bond | 4.625% | 2/15/40 | 58,885 | 63,338 | ||
United States Treasury Note/Bond | 1.125% | 5/15/40 | 180,905 | 114,451 | ||
United States Treasury Note/Bond | 4.375% | 5/15/40 | 54,807 | 57,102 | ||
United States Treasury Note/Bond | 1.125% | 8/15/40 | 215,649 | 135,690 | ||
United States Treasury Note/Bond | 3.875% | 8/15/40 | 56,174 | 55,051 | ||
United States Treasury Note/Bond | 1.375% | 11/15/40 | 238,482 | 156,541 | ||
United States Treasury Note/Bond | 4.250% | 11/15/40 | 56,058 | 57,582 | ||
United States Treasury Note/Bond | 1.875% | 2/15/41 | 289,902 | 207,008 | ||
United States Treasury Note/Bond | 4.750% | 2/15/41 | 58,462 | 63,851 | ||
United States Treasury Note/Bond | 2.250% | 5/15/41 | 248,373 | 188,608 | ||
United States Treasury Note/Bond | 4.375% | 5/15/41 | 46,529 | 48,529 | ||
United States Treasury Note/Bond | 1.750% | 8/15/41 | 326,249 | 225,928 | ||
United States Treasury Note/Bond | 3.750% | 8/15/41 | 55,735 | 53,435 | ||
United States Treasury Note/Bond | 2.000% | 11/15/41 | 279,458 | 201,734 | ||
United States Treasury Note/Bond | 3.125% | 11/15/41 | 58,314 | 50,897 | ||
United States Treasury Note/Bond | 2.375% | 2/15/42 | 225,169 | 173,169 | ||
United States Treasury Note/Bond | 3.125% | 2/15/42 | 61,402 | 53,381 | ||
United States Treasury Note/Bond | 3.000% | 5/15/42 | 57,035 | 48,480 | ||
United States Treasury Note/Bond | 3.250% | 5/15/42 | 197,450 | 174,466 | ||
United States Treasury Note/Bond | 2.750% | 8/15/42 | 66,818 | 54,405 | ||
United States Treasury Note/Bond | 3.375% | 8/15/42 | 172,548 | 155,293 | ||
United States Treasury Note/Bond | 2.750% | 11/15/42 | 97,346 | 79,048 | ||
United States Treasury Note/Bond | 4.000% | 11/15/42 | 166,562 | 164,168 | ||
United States Treasury Note/Bond | 3.125% | 2/15/43 | 83,828 | 72,197 | ||
United States Treasury Note/Bond | 3.875% | 2/15/43 | 44,012 | 42,712 | ||
United States Treasury Note/Bond | 2.875% | 5/15/43 | 133,024 | 109,953 | ||
United States Treasury Note/Bond | 3.625% | 8/15/43 | 94,584 | 87,993 | ||
United States Treasury Note/Bond | 3.750% | 11/15/43 | 96,031 | 90,914 | ||
United States Treasury Note/Bond | 3.625% | 2/15/44 | 102,185 | 94,776 | ||
United States Treasury Note/Bond | 3.375% | 5/15/44 | 94,875 | 84,602 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 3.125% | 8/15/44 | 122,071 | 104,371 | ||
United States Treasury Note/Bond | 3.000% | 11/15/44 | 106,651 | 89,203 | ||
United States Treasury Note/Bond | 2.500% | 2/15/45 | 144,838 | 110,620 | ||
United States Treasury Note/Bond | 3.000% | 5/15/45 | 68,460 | 57,132 | ||
United States Treasury Note/Bond | 2.875% | 8/15/45 | 94,919 | 77,389 | ||
United States Treasury Note/Bond | 3.000% | 11/15/45 | 56,298 | 46,921 | ||
United States Treasury Note/Bond | 2.500% | 2/15/46 | 115,803 | 88,011 | ||
United States Treasury Note/Bond | 2.500% | 5/15/46 | 113,796 | 86,449 | ||
United States Treasury Note/Bond | 2.250% | 8/15/46 | 143,423 | 103,444 | ||
United States Treasury Note/Bond | 2.875% | 11/15/46 | 64,393 | 52,461 | ||
United States Treasury Note/Bond | 3.000% | 2/15/47 | 126,874 | 105,583 | ||
United States Treasury Note/Bond | 3.000% | 5/15/47 | 100,935 | 84,060 | ||
United States Treasury Note/Bond | 2.750% | 8/15/47 | 140,106 | 111,384 | ||
United States Treasury Note/Bond | 2.750% | 11/15/47 | 141,228 | 112,320 | ||
United States Treasury Note/Bond | 3.000% | 2/15/48 | 163,661 | 136,426 | ||
United States Treasury Note/Bond | 3.125% | 5/15/48 | 171,359 | 146,298 | ||
United States Treasury Note/Bond | 3.000% | 8/15/48 | 192,685 | 160,801 | ||
United States Treasury Note/Bond | 3.375% | 11/15/48 | 197,516 | 176,715 | ||
United States Treasury Note/Bond | 3.000% | 2/15/49 | 202,451 | 169,363 | ||
United States Treasury Note/Bond | 2.875% | 5/15/49 | 197,588 | 161,497 | ||
United States Treasury Note/Bond | 2.250% | 8/15/49 | 185,110 | 132,759 | ||
United States Treasury Note/Bond | 2.375% | 11/15/49 | 176,998 | 130,564 | ||
United States Treasury Note/Bond | 2.000% | 2/15/50 | 223,029 | 150,824 | ||
United States Treasury Note/Bond | 1.250% | 5/15/50 | 259,903 | 144,206 | ||
United States Treasury Note/Bond | 1.375% | 8/15/50 | 293,115 | 168,083 | ||
United States Treasury Note/Bond | 1.625% | 11/15/50 | 285,772 | 175,125 | ||
United States Treasury Note/Bond | 1.875% | 2/15/51 | 323,563 | 211,327 | ||
United States Treasury Note/Bond | 2.375% | 5/15/51 | 325,773 | 239,239 | ||
United States Treasury Note/Bond | 2.000% | 8/15/51 | 318,892 | 214,405 | ||
United States Treasury Note/Bond | 1.875% | 11/15/51 | 300,387 | 195,439 | ||
United States Treasury Note/Bond | 2.250% | 2/15/52 | 276,502 | 197,224 | ||
United States Treasury Note/Bond | 2.875% | 5/15/52 | 262,965 | 215,385 | ||
United States Treasury Note/Bond | 3.000% | 8/15/52 | 246,735 | 207,566 | ||
United States Treasury Note/Bond | 4.000% | 11/15/52 | 246,652 | 250,968 | ||
United States Treasury Note/Bond | 3.625% | 2/15/53 | 88,517 | 84,271 | ||
Total U.S. Government and Agency Obligations (Cost $10,782,979) | 8,425,154 | |||||
Shares | ||||||
Temporary Cash Investments (0.8%) | ||||||
Money Market Fund (0.8%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $67,225) | 4.640% | 672,314 | 67,225 | ||
Total Investments (100.1%) (Cost $10,850,204) | 8,492,379 | |||||
Other Assets and Liabilities—Net (-0.1%) | (6,459) | |||||
Net Assets (100%) | 8,485,920 |
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, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $10,782,979) | 8,425,154 |
Affiliated Issuers (Cost $67,225) | 67,225 |
Total Investments in Securities | 8,492,379 |
Investment in Vanguard | 300 |
Cash | 64 |
Receivables for Investment Securities Sold | 64,463 |
Receivables for Accrued Income | 46,674 |
Receivables for Capital Shares Issued | 10,464 |
Total Assets | 8,614,344 |
Liabilities | |
Payables for Investment Securities Purchased | 126,652 |
Payables for Capital Shares Redeemed | 1,057 |
Payables for Distributions | 572 |
Payables to Vanguard | 143 |
Total Liabilities | 128,424 |
Net Assets | 8,485,920 |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 11,397,455 |
Total Distributable Earnings (Loss) | (2,911,535) |
Net Assets | 8,485,920 |
ETF Shares—Net Assets | |
Applicable to 72,892,034 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 4,561,148 |
Net Asset Value Per Share—ETF Shares | $62.57 |
Admiral Shares—Net Assets | |
Applicable to 51,285,190 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,077,023 |
Net Asset Value Per Share—Admiral Shares | $21.00 |
Institutional Shares—Net Assets | |
Applicable to 106,842,379 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,847,749 |
Net Asset Value Per Share—Institutional Shares | $26.65 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 113,728 |
Total Income | 113,728 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 96 |
Management and Administrative—ETF Shares | 516 |
Management and Administrative—Admiral Shares | 343 |
Management and Administrative—Institutional Shares | 548 |
Marketing and Distribution—ETF Shares | 112 |
Marketing and Distribution—Admiral Shares | 31 |
Marketing and Distribution—Institutional Shares | 53 |
Custodian Fees | 17 |
Shareholders’ Reports—ETF Shares | 90 |
Shareholders’ Reports—Admiral Shares | 10 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 6 |
Total Expenses | 1,825 |
Expenses Paid Indirectly | (17) |
Net Expenses | 1,808 |
Net Investment Income | 111,920 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | (285,689) |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (451,733) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (625,502) |
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 $278,000, $1,000, less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes ($6,603,000) of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 111,920 | 157,575 | |
Realized Net Gain (Loss) | (285,689) | (183,420) | |
Change in Unrealized Appreciation (Depreciation) | (451,733) | (1,918,080) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (625,502) | (1,943,925) | |
Distributions | |||
ETF Shares | (55,409) | (71,135) | |
Admiral Shares | (16,323) | (33,426) | |
Institutional Shares | (37,861) | (48,139) | |
Total Distributions | (109,593) | (152,700) | |
Capital Share Transactions | |||
ETF Shares | 1,110,753 | 2,485,336 | |
Admiral Shares | (156,076) | (145,223) | |
Institutional Shares | 498,036 | 1,174,488 | |
Net Increase (Decrease) from Capital Share Transactions | 1,452,713 | 3,514,601 | |
Total Increase (Decrease) | 717,618 | 1,417,976 | |
Net Assets | |||
Beginning of Period | 7,768,302 | 6,350,326 | |
End of Period | 8,485,920 | 7,768,302 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $68.45 | $90.37 | $98.93 | $90.17 | $74.33 | $78.76 |
Investment Operations | ||||||
Net Investment Income1 | .937 | 1.718 | 1.645 | 1.915 | 2.115 | 2.050 |
Net Realized and Unrealized Gain (Loss) on Investments | (5.888) | (21.974) | (8.289) | 8.772 | 15.798 | (4.469) |
Total from Investment Operations | (4.951) | (20.256) | (6.644) | 10.687 | 17.913 | (2.419) |
Distributions | ||||||
Dividends from Net Investment Income | (.929) | (1.664) | (1.625) | (1.927) | (2.073) | (2.011) |
Distributions from Realized Capital Gains | — | — | (.291) | — | — | — |
Total Distributions | (.929) | (1.664) | (1.916) | (1.927) | (2.073) | (2.011) |
Net Asset Value, End of Period | $62.57 | $68.45 | $90.37 | $98.93 | $90.17 | $74.33 |
Total Return | -7.26% | -22.69% | -6.73% | 12.02% | 24.69% | -3.07% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $4,561 | $3,813 | $2,366 | $2,138 | $1,282 | $676 |
Ratio of Total Expenses to Average Net Assets | 0.04%2 | 0.04%2 | 0.04% | 0.05% | 0.05% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.98% | 2.19% | 1.81% | 2.03% | 2.75% | 2.73% |
Portfolio Turnover Rate3 | 11% | 19% | 22% | 29% | 16% | 19% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.04%. |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $22.98 | $30.35 | $33.24 | $30.28 | $24.95 | $26.44 |
Investment Operations | ||||||
Net Investment Income1 | .310 | .565 | .545 | .637 | .706 | .690 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.981) | (7.380) | (2.799) | 2.955 | 5.316 | (1.501) |
Total from Investment Operations | (1.671) | (6.815) | (2.254) | 3.592 | 6.022 | (.811) |
Distributions | ||||||
Dividends from Net Investment Income | (.309) | (.555) | (.538) | (.632) | (.692) | (.679) |
Distributions from Realized Capital Gains | — | — | (.098) | — | — | — |
Total Distributions | (.309) | (.555) | (.636) | (.632) | (.692) | (.679) |
Net Asset Value, End of Period | $21.00 | $22.98 | $30.35 | $33.24 | $30.28 | $24.95 |
Total Return2 | -7.27% | -22.69% | -6.78% | 12.00% | 24.67% | -3.06% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,077 | $1,369 | $1,947 | $1,800 | $1,053 | $559 |
Ratio of Total Expenses to Average Net Assets | 0.07%3 | 0.07%3 | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.94% | 2.09% | 1.79% | 2.01% | 2.73% | 2.73% |
Portfolio Turnover Rate4 | 11% | 19% | 22% | 29% | 16% | 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 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.07%. |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $29.16 | $38.52 | $42.19 | $38.43 | $31.66 | $33.56 |
Investment Operations | ||||||
Net Investment Income1 | .398 | .727 | .699 | .822 | .902 | .883 |
Net Realized and Unrealized Gain (Loss) on Investments | (2.513) | (9.376) | (3.554) | 3.748 | 6.753 | (1.915) |
Total from Investment Operations | (2.115) | (8.649) | (2.855) | 4.570 | 7.655 | (1.032) |
Distributions | ||||||
Dividends from Net Investment Income | (.395) | (.711) | (.691) | (.810) | (.885) | (.868) |
Distributions from Realized Capital Gains | — | — | (.124) | — | — | — |
Total Distributions | (.395) | (.711) | (.815) | (.810) | (.885) | (.868) |
Net Asset Value, End of Period | $26.65 | $29.16 | $38.52 | $42.19 | $38.43 | $31.66 |
Total Return | -7.25% | -22.69% | -6.77% | 12.03% | 24.71% | -3.07% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,848 | $2,586 | $2,038 | $1,234 | $1,054 | $452 |
Ratio of Total Expenses to Average Net Assets | 0.05%2 | 0.05%2 | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 2.96% | 2.15% | 1.82% | 2.06% | 2.75% | 2.75% |
Portfolio Turnover Rate3 | 11% | 19% | 22% | 29% | 16% | 19% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.05%. |
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. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 8,425,154 | — | 8,425,154 |
Temporary Cash Investments | 67,225 | — | — | 67,225 |
Total | 67,225 | 8,425,154 | — | 8,492,379 |
Amount ($000) | |
Tax Cost | 10,955,456 |
Gross Unrealized Appreciation | 3,948 |
Gross Unrealized Depreciation | (2,467,025) |
Net Unrealized Appreciation (Depreciation) | (2,463,077) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,871,491 | 29,229 | 4,802,980 | 59,507 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (760,738) | (12,050) | (2,317,644) | (29,975) | |
Net Increase (Decrease)—ETF Shares | 1,110,753 | 17,179 | 2,485,336 | 29,532 | |
Admiral Shares | |||||
Issued | 314,195 | 14,751 | 630,037 | 24,179 | |
Issued in Lieu of Cash Distributions | 12,054 | 570 | 21,430 | 814 | |
Redeemed | (482,325) | (23,625) | (796,690) | (29,534) | |
Net Increase (Decrease)—Admiral Shares | (156,076) | (8,304) | (145,223) | (4,541) | |
Institutional Shares | |||||
Issued | 696,449 | 25,322 | 1,496,186 | 44,963 | |
Issued in Lieu of Cash Distributions | 37,600 | 1,402 | 47,733 | 1,439 | |
Redeemed | (236,013) | (8,554) | (369,431) | (10,630) | |
Net Increase (Decrease)—Institutional Shares | 498,036 | 18,170 | 1,174,488 | 35,772 |
Who Are Deaf or Hard of Hearing > 800-749-7273
All rights reserved.
U.S. Patent No. 6,879,964.
Vanguard Marketing Corporation, Distributor.
Vanguard Short-Term Corporate Bond Index Fund |
Vanguard Intermediate-Term Corporate Bond Index Fund |
Vanguard Long-Term Corporate Bond Index Fund |
About Your Fund's Expenses | 1 |
Short-Term Corporate Bond Index Fund | 3 |
Intermediate-Term Corporate Bond Index Fund | 35 |
Long-Term Corporate Bond Index Fund | 64 |
• | 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, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Short-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,000.70 | $0.20 |
Admiral™ Shares | 1,000.00 | 1,000.30 | 0.35 |
Institutional Shares | 1,000.00 | 1,000.70 | 0.25 |
Intermediate-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $992.40 | $0.20 |
Admiral Shares | 1,000.00 | 992.30 | 0.35 |
Institutional Shares | 1,000.00 | 992.20 | 0.25 |
Long-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $971.50 | $0.20 |
Admiral Shares | 1,000.00 | 971.50 | 0.34 |
Institutional Shares | 1,000.00 | 971.70 | 0.24 |
Based on Hypothetical 5% Yearly Return | |||
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 |
Corporate Bonds – Communications | 4.6% |
Corporate Bonds – Consumer Discretionary | 6.4 |
Corporate Bonds – Consumer Staples | 5.2 |
Corporate Bonds – Energy | 5.4 |
Corporate Bonds – Financials | 44.6 |
Corporate Bonds – Health Care | 8.1 |
Corporate Bonds – Industrials | 6.2 |
Corporate Bonds – Materials | 2.1 |
Corporate Bonds – Real Estate | 3.7 |
Corporate Bonds – Technology | 8.1 |
Corporate Bonds – Utilities | 5.1 |
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 (Cost $226,025) | 4.000% | 2/29/28 | 227,724 | 226,052 | ||
Corporate Bonds (98.4%) | ||||||
Communications (4.5%) | ||||||
Activision Blizzard Inc. | 3.400% | 9/15/26 | 18,001 | 17,023 | ||
Activision Blizzard Inc. | 3.400% | 6/15/27 | 9,400 | 8,822 | ||
Alphabet Inc. | 0.450% | 8/15/25 | 9,752 | 8,823 | ||
Alphabet Inc. | 1.998% | 8/15/26 | 52,750 | 48,276 | ||
Alphabet Inc. | 0.800% | 8/15/27 | 7,652 | 6,530 | ||
AT&T Inc. | 0.900% | 3/25/24 | 42,926 | 40,951 | ||
AT&T Inc. | 5.539% | 2/20/26 | 20,055 | 19,966 | ||
AT&T Inc. | 1.700% | 3/25/26 | 71,563 | 64,320 | ||
AT&T Inc. | 2.950% | 7/15/26 | 4,957 | 4,633 | ||
AT&T Inc. | 3.800% | 2/15/27 | 9,125 | 8,666 | ||
AT&T Inc. | 4.250% | 3/1/27 | 38,757 | 37,594 | ||
AT&T Inc. | 2.300% | 6/1/27 | 52,018 | 46,384 | ||
Baidu Inc. | 3.875% | 9/29/23 | 9,959 | 9,858 | ||
Baidu Inc. | 4.375% | 5/14/24 | 9,154 | 9,010 | ||
Baidu Inc. | 3.075% | 4/7/25 | 23,265 | 22,060 | ||
Baidu Inc. | 4.125% | 6/30/25 | 6,745 | 6,503 | ||
Baidu Inc. | 1.720% | 4/9/26 | 5,524 | 4,917 | ||
Baidu Inc. | 1.625% | 2/23/27 | 2,736 | 2,371 | ||
Baidu Inc. | 3.625% | 7/6/27 | 13,090 | 12,220 | ||
1 | Bell Telephone Co. of Canada or Bell Canada | 0.750% | 3/17/24 | 4,066 | 3,868 | |
Booking Holdings Inc. | 3.650% | 3/15/25 | 3,995 | 3,867 | ||
Booking Holdings Inc. | 3.600% | 6/1/26 | 11,067 | 10,543 | ||
Charter Communications Operating LLC | 4.908% | 7/23/25 | 95,834 | 93,748 | ||
Comcast Corp. | 3.700% | 4/15/24 | 45,198 | 44,396 | ||
Comcast Corp. | 3.375% | 2/15/25 | 27,505 | 26,568 | ||
Comcast Corp. | 3.375% | 8/15/25 | 18,975 | 18,225 | ||
Comcast Corp. | 3.950% | 10/15/25 | 71,488 | 69,486 | ||
Comcast Corp. | 3.150% | 3/1/26 | 31,810 | 30,069 | ||
Comcast Corp. | 2.350% | 1/15/27 | 37,826 | 34,285 | ||
Comcast Corp. | 3.300% | 2/1/27 | 33,265 | 31,239 | ||
Comcast Corp. | 3.300% | 4/1/27 | 24,130 | 22,613 | ||
Comcast Corp. | 5.350% | 11/15/27 | 31,450 | 31,905 | ||
Discovery Communications LLC | 3.800% | 3/13/24 | 3,947 | 3,866 | ||
Discovery Communications LLC | 3.900% | 11/15/24 | 13,773 | 13,331 | ||
Discovery Communications LLC | 3.450% | 3/15/25 | 4,385 | 4,179 | ||
Discovery Communications LLC | 3.950% | 6/15/25 | 13,202 | 12,657 | ||
Discovery Communications LLC | 4.900% | 3/11/26 | 8,287 | 8,082 | ||
Electronic Arts Inc. | 4.800% | 3/1/26 | 10,150 | 10,064 | ||
Expedia Group Inc. | 5.000% | 2/15/26 | 20,721 | 20,441 | ||
Expedia Group Inc. | 4.625% | 8/1/27 | 20,146 | 19,245 | ||
FactSet Research Systems Inc. | 2.900% | 3/1/27 | 10,982 | 10,114 | ||
Fox Corp. | 3.050% | 4/7/25 | 7,905 | 7,548 | ||
Grupo Televisa SAB | 4.625% | 1/30/26 | 7,675 | 7,452 | ||
Interpublic Group of Cos. Inc. | 4.200% | 4/15/24 | 942 | 924 | ||
Meta Platforms Inc. | 3.500% | 8/15/27 | 54,230 | 50,987 | ||
Omnicom Group Inc. | 3.650% | 11/1/24 | 16,785 | 16,293 | ||
Omnicom Group Inc. | 3.600% | 4/15/26 | 23,886 | 22,761 | ||
Paramount Global | 4.750% | 5/15/25 | 12,854 | 12,598 | ||
Paramount Global | 4.000% | 1/15/26 | 7,276 | 6,947 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Paramount Global | 2.900% | 1/15/27 | 21,556 | 19,488 | ||
2 | Rogers Communications Inc. | 2.950% | 3/15/25 | 7,586 | 7,197 | |
Rogers Communications Inc. | 3.625% | 12/15/25 | 20,681 | 19,644 | ||
Rogers Communications Inc. | 2.900% | 11/15/26 | 2,461 | 2,249 | ||
2 | Rogers Communications Inc. | 3.200% | 3/15/27 | 24,760 | 22,774 | |
Sprint LLC | 7.875% | 9/15/23 | 8,000 | 8,078 | ||
Sprint LLC | 7.125% | 6/15/24 | 2,000 | 2,026 | ||
Take-Two Interactive Software Inc. | 3.300% | 3/28/24 | 18,719 | 18,290 | ||
Take-Two Interactive Software Inc. | 3.550% | 4/14/25 | 15,419 | 14,820 | ||
Take-Two Interactive Software Inc. | 3.700% | 4/14/27 | 9,545 | 9,006 | ||
TCI Communications Inc. | 7.875% | 2/15/26 | 13,272 | 14,288 | ||
Telefonica Emisiones SA | 4.103% | 3/8/27 | 40,780 | 38,625 | ||
TELUS Corp. | 2.800% | 2/16/27 | 9,292 | 8,531 | ||
Tencent Music Entertainment Group | 1.375% | 9/3/25 | 2,952 | 2,645 | ||
Thomson Reuters Corp. | 3.350% | 5/15/26 | 3,572 | 3,367 | ||
T-Mobile USA Inc. | 3.500% | 4/15/25 | 81,447 | 78,016 | ||
T-Mobile USA Inc. | 1.500% | 2/15/26 | 23,496 | 21,032 | ||
T-Mobile USA Inc. | 2.250% | 2/15/26 | 5,742 | 5,226 | ||
T-Mobile USA Inc. | 2.625% | 4/15/26 | 41,472 | 37,980 | ||
T-Mobile USA Inc. | 3.750% | 4/15/27 | 92,474 | 86,952 | ||
T-Mobile USA Inc. | 5.375% | 4/15/27 | 9,375 | 9,386 | ||
1 | TWDC Enterprises 18 Corp. | 3.150% | 9/17/25 | 20,650 | 19,642 | |
TWDC Enterprises 18 Corp. | 3.000% | 2/13/26 | 24,358 | 22,989 | ||
1 | TWDC Enterprises 18 Corp. | 1.850% | 7/30/26 | 22,982 | 20,688 | |
1 | TWDC Enterprises 18 Corp. | 2.950% | 6/15/27 | 6,673 | 6,182 | |
Verizon Communications Inc. | 0.750% | 3/22/24 | 9,784 | 9,323 | ||
Verizon Communications Inc. | 3.376% | 2/15/25 | 34,000 | 32,839 | ||
Verizon Communications Inc. | 0.850% | 11/20/25 | 32,438 | 29,001 | ||
Verizon Communications Inc. | 1.450% | 3/20/26 | 35,549 | 31,823 | ||
Verizon Communications Inc. | 2.625% | 8/15/26 | 45,085 | 41,396 | ||
Verizon Communications Inc. | 4.125% | 3/16/27 | 63,782 | 61,373 | ||
Verizon Communications Inc. | 3.000% | 3/22/27 | 22,635 | 20,877 | ||
Verizon Communications Inc. | 2.100% | 3/22/28 | 4,550 | 3,930 | ||
Vodafone Group plc | 4.125% | 5/30/25 | 19,788 | 19,263 | ||
Walt Disney Co. | 1.750% | 8/30/24 | 34,670 | 32,954 | ||
Walt Disney Co. | 3.700% | 9/15/24 | 5,759 | 5,646 | ||
Walt Disney Co. | 3.350% | 3/24/25 | 33,138 | 32,015 | ||
Walt Disney Co. | 3.700% | 10/15/25 | 14,337 | 13,846 | ||
Walt Disney Co. | 1.750% | 1/13/26 | 25,308 | 23,122 | ||
Walt Disney Co. | 3.375% | 11/15/26 | 5,928 | 5,581 | ||
Walt Disney Co. | 3.700% | 3/23/27 | 23,139 | 22,154 | ||
Walt Disney Co. | 2.200% | 1/13/28 | 10,525 | 9,346 | ||
2 | Warnermedia Holdings Inc. | 3.428% | 3/15/24 | 39,805 | 38,889 | |
2 | Warnermedia Holdings Inc. | 3.528% | 3/15/24 | 14,205 | 13,866 | |
2 | Warnermedia Holdings Inc. | 3.638% | 3/15/25 | 40,335 | 38,458 | |
2 | Warnermedia Holdings Inc. | 3.788% | 3/15/25 | 2,013 | 1,926 | |
2 | Warnermedia Holdings Inc. | 3.755% | 3/15/27 | 91,873 | 84,285 | |
Weibo Corp. | 3.500% | 7/5/24 | 10,724 | 10,351 | ||
WPP Finance 2010 | 3.750% | 9/19/24 | 4,795 | 4,647 | ||
2,113,260 | ||||||
Consumer Discretionary (6.3%) | ||||||
Alibaba Group Holding Ltd. | 3.600% | 11/28/24 | 41,386 | 40,081 | ||
Alibaba Group Holding Ltd. | 3.400% | 12/6/27 | 49,089 | 45,085 | ||
Amazon.com Inc. | 2.730% | 4/13/24 | 14,255 | 13,886 | ||
Amazon.com Inc. | 0.450% | 5/12/24 | 64,925 | 61,464 | ||
Amazon.com Inc. | 2.800% | 8/22/24 | 43,849 | 42,450 | ||
Amazon.com Inc. | 4.700% | 11/29/24 | 5,165 | 5,137 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Amazon.com Inc. | 3.800% | 12/5/24 | 20,075 | 19,651 | ||
Amazon.com Inc. | 3.000% | 4/13/25 | 14,585 | 14,041 | ||
Amazon.com Inc. | 0.800% | 6/3/25 | 41,590 | 37,951 | ||
Amazon.com Inc. | 4.600% | 12/1/25 | 11,108 | 11,027 | ||
Amazon.com Inc. | 5.200% | 12/3/25 | 10,011 | 10,079 | ||
Amazon.com Inc. | 1.000% | 5/12/26 | 49,502 | 43,809 | ||
Amazon.com Inc. | 3.300% | 4/13/27 | 70,598 | 66,710 | ||
Amazon.com Inc. | 1.200% | 6/3/27 | 20,540 | 17,731 | ||
Amazon.com Inc. | 3.150% | 8/22/27 | 71,077 | 66,391 | ||
Amazon.com Inc. | 4.550% | 12/1/27 | 47,178 | 46,662 | ||
1 | American Honda Finance Corp. | 3.550% | 1/12/24 | 18,853 | 18,578 | |
1 | American Honda Finance Corp. | 2.400% | 6/27/24 | 15,630 | 15,047 | |
1 | American Honda Finance Corp. | 0.550% | 7/12/24 | 24,556 | 23,030 | |
1 | American Honda Finance Corp. | 2.150% | 9/10/24 | 25,553 | 24,384 | |
1 | American Honda Finance Corp. | 1.200% | 7/8/25 | 2,487 | 2,267 | |
1 | American Honda Finance Corp. | 1.000% | 9/10/25 | 10,161 | 9,171 | |
1 | American Honda Finance Corp. | 1.300% | 9/9/26 | 2,315 | 2,034 | |
1 | American Honda Finance Corp. | 2.300% | 9/9/26 | 18,434 | 16,802 | |
1 | American Honda Finance Corp. | 2.350% | 1/8/27 | 26,117 | 23,775 | |
American Honda Finance Corp. | 4.700% | 1/12/28 | 200 | 197 | ||
Aptiv plc | 2.396% | 2/18/25 | 11,407 | 10,751 | ||
AutoNation Inc. | 3.500% | 11/15/24 | 8,161 | 7,863 | ||
AutoNation Inc. | 4.500% | 10/1/25 | 12,897 | 12,536 | ||
AutoNation Inc. | 3.800% | 11/15/27 | 5,250 | 4,813 | ||
AutoZone Inc. | 3.125% | 4/18/24 | 7,584 | 7,387 | ||
AutoZone Inc. | 3.250% | 4/15/25 | 2,600 | 2,487 | ||
AutoZone Inc. | 3.625% | 4/15/25 | 5,557 | 5,365 | ||
AutoZone Inc. | 3.125% | 4/21/26 | 12,060 | 11,302 | ||
AutoZone Inc. | 3.750% | 6/1/27 | 13,328 | 12,657 | ||
AutoZone Inc. | 4.500% | 2/1/28 | 9,000 | 8,730 | ||
Block Financial LLC | 5.250% | 10/1/25 | 8,291 | 8,201 | ||
BorgWarner Inc. | 3.375% | 3/15/25 | 13,535 | 12,977 | ||
BorgWarner Inc. | 2.650% | 7/1/27 | 23,846 | 21,410 | ||
Brunswick Corp. | 0.850% | 8/18/24 | 10,131 | 9,434 | ||
Darden Restaurants Inc. | 3.850% | 5/1/27 | 10,128 | 9,667 | ||
DR Horton Inc. | 2.500% | 10/15/24 | 17,155 | 16,362 | ||
DR Horton Inc. | 2.600% | 10/15/25 | 17,509 | 16,250 | ||
DR Horton Inc. | 1.300% | 10/15/26 | 9,731 | 8,391 | ||
DR Horton Inc. | 1.400% | 10/15/27 | 6,525 | 5,465 | ||
eBay Inc. | 3.450% | 8/1/24 | 2,759 | 2,692 | ||
eBay Inc. | 1.900% | 3/11/25 | 26,215 | 24,503 | ||
eBay Inc. | 5.900% | 11/22/25 | 3,225 | 3,281 | ||
eBay Inc. | 1.400% | 5/10/26 | 20,395 | 18,112 | ||
eBay Inc. | 3.600% | 6/5/27 | 2,292 | 2,160 | ||
eBay Inc. | 5.950% | 11/22/27 | 13,630 | 13,987 | ||
Fortune Brands Innovations Inc. | 4.000% | 6/15/25 | 10,073 | 9,714 | ||
General Motors Co. | 4.000% | 4/1/25 | 13,558 | 13,149 | ||
General Motors Co. | 6.125% | 10/1/25 | 39,856 | 40,293 | ||
General Motors Co. | 4.200% | 10/1/27 | 8,571 | 8,104 | ||
General Motors Co. | 6.800% | 10/1/27 | 25,352 | 26,452 | ||
General Motors Financial Co. Inc. | 1.050% | 3/8/24 | 20,141 | 19,235 | ||
General Motors Financial Co. Inc. | 3.950% | 4/13/24 | 14,008 | 13,740 | ||
General Motors Financial Co. Inc. | 1.200% | 10/15/24 | 30,639 | 28,485 | ||
General Motors Financial Co. Inc. | 3.500% | 11/7/24 | 22,792 | 21,999 | ||
General Motors Financial Co. Inc. | 4.000% | 1/15/25 | 22,458 | 21,779 | ||
General Motors Financial Co. Inc. | 2.900% | 2/26/25 | 40,046 | 37,935 | ||
General Motors Financial Co. Inc. | 3.800% | 4/7/25 | 8,489 | 8,166 | ||
General Motors Financial Co. Inc. | 4.350% | 4/9/25 | 38,349 | 37,242 | ||
General Motors Financial Co. Inc. | 2.750% | 6/20/25 | 29,039 | 27,243 | ||
General Motors Financial Co. Inc. | 4.300% | 7/13/25 | 2,471 | 2,399 | ||
General Motors Financial Co. Inc. | 1.250% | 1/8/26 | 9,444 | 8,353 | ||
General Motors Financial Co. Inc. | 5.250% | 3/1/26 | 29,319 | 28,984 | ||
General Motors Financial Co. Inc. | 1.500% | 6/10/26 | 5,690 | 4,968 | ||
General Motors Financial Co. Inc. | 4.000% | 10/6/26 | 18,440 | 17,486 | ||
General Motors Financial Co. Inc. | 4.350% | 1/17/27 | 45,114 | 43,099 | ||
General Motors Financial Co. Inc. | 2.350% | 2/26/27 | 19,615 | 17,338 | ||
General Motors Financial Co. Inc. | 5.000% | 4/9/27 | 51,355 | 50,079 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
General Motors Financial Co. Inc. | 2.700% | 8/20/27 | 16,544 | 14,578 | ||
General Motors Financial Co. Inc. | 6.000% | 1/9/28 | 15,770 | 15,870 | ||
Genuine Parts Co. | 1.750% | 2/1/25 | 7,890 | 7,364 | ||
Harley-Davidson Inc. | 3.500% | 7/28/25 | 9,637 | 9,265 | ||
Hasbro Inc. | 3.000% | 11/19/24 | 16,843 | 16,145 | ||
Hasbro Inc. | 3.550% | 11/19/26 | 19,577 | 18,196 | ||
Home Depot Inc. | 2.700% | 4/15/25 | 5,810 | 5,541 | ||
Home Depot Inc. | 3.350% | 9/15/25 | 28,799 | 27,679 | ||
Home Depot Inc. | 4.000% | 9/15/25 | 8,575 | 8,433 | ||
Home Depot Inc. | 3.000% | 4/1/26 | 24,673 | 23,294 | ||
Home Depot Inc. | 2.125% | 9/15/26 | 16,981 | 15,458 | ||
Home Depot Inc. | 2.500% | 4/15/27 | 40,908 | 37,390 | ||
Home Depot Inc. | 2.875% | 4/15/27 | 14,040 | 13,054 | ||
Home Depot Inc. | 2.800% | 9/14/27 | 35,011 | 32,209 | ||
Honda Motor Co. Ltd. | 2.271% | 3/10/25 | 18,979 | 17,923 | ||
Honda Motor Co. Ltd. | 2.534% | 3/10/27 | 33,184 | 30,476 | ||
Hyatt Hotels Corp. | 1.800% | 10/1/24 | 2,580 | 2,432 | ||
Hyatt Hotels Corp. | 5.625% | 4/23/25 | 16,595 | 16,496 | ||
Hyatt Hotels Corp. | 4.850% | 3/15/26 | 14,641 | 14,396 | ||
JD.com Inc. | 3.875% | 4/29/26 | 10,793 | 10,292 | ||
Leggett & Platt Inc. | 3.800% | 11/15/24 | 5,671 | 5,502 | ||
Leggett & Platt Inc. | 3.500% | 11/15/27 | 10,677 | 9,824 | ||
Leland Stanford Junior University | 1.289% | 6/1/27 | 7,554 | 6,606 | ||
Lennar Corp. | 4.875% | 12/15/23 | 14,782 | 14,720 | ||
Lennar Corp. | 4.500% | 4/30/24 | 15,569 | 15,364 | ||
Lennar Corp. | 5.875% | 11/15/24 | 7,689 | 7,713 | ||
Lennar Corp. | 4.750% | 5/30/25 | 8,203 | 8,032 | ||
Lennar Corp. | 5.250% | 6/1/26 | 3,470 | 3,433 | ||
Lennar Corp. | 5.000% | 6/15/27 | 4,534 | 4,440 | ||
Lennar Corp. | 4.750% | 11/29/27 | 15,089 | 14,465 | ||
Lowe's Cos. Inc. | 3.125% | 9/15/24 | 2,696 | 2,606 | ||
Lowe's Cos. Inc. | 4.000% | 4/15/25 | 11,257 | 10,955 | ||
Lowe's Cos. Inc. | 4.400% | 9/8/25 | 17,224 | 16,927 | ||
Lowe's Cos. Inc. | 3.375% | 9/15/25 | 11,784 | 11,250 | ||
Lowe's Cos. Inc. | 2.500% | 4/15/26 | 19,721 | 18,242 | ||
Lowe's Cos. Inc. | 3.350% | 4/1/27 | 21,769 | 20,369 | ||
Lowe's Cos. Inc. | 3.100% | 5/3/27 | 50,181 | 46,610 | ||
Magna International Inc. | 3.625% | 6/15/24 | 12,321 | 12,027 | ||
Magna International Inc. | 4.150% | 10/1/25 | 2,819 | 2,731 | ||
Marriott International Inc. | 3.600% | 4/15/24 | 18,350 | 17,945 | ||
Marriott International Inc. | 3.750% | 3/15/25 | 4,139 | 3,998 | ||
1 | Marriott International Inc. | 5.750% | 5/1/25 | 9,374 | 9,452 | |
Marriott International Inc. | 3.750% | 10/1/25 | 4,173 | 4,012 | ||
1 | Marriott International Inc. | 3.125% | 6/15/26 | 26,135 | 24,431 | |
Marriott International Inc. | 5.000% | 10/15/27 | 16,120 | 15,935 | ||
Masco Corp. | 3.500% | 11/15/27 | 6,183 | 5,734 | ||
1 | McDonald's Corp. | 3.250% | 6/10/24 | 4,893 | 4,783 | |
1 | McDonald's Corp. | 3.375% | 5/26/25 | 16,865 | 16,224 | |
1 | McDonald's Corp. | 3.300% | 7/1/25 | 25,454 | 24,481 | |
1 | McDonald's Corp. | 1.450% | 9/1/25 | 11,738 | 10,727 | |
1 | McDonald's Corp. | 3.700% | 1/30/26 | 38,101 | 36,747 | |
1 | McDonald's Corp. | 3.500% | 3/1/27 | 23,440 | 22,137 | |
1 | McDonald's Corp. | 3.500% | 7/1/27 | 10,245 | 9,659 | |
2 | Mercedes-Benz Finance North America LLC | 0.750% | 3/1/24 | 5,000 | 4,776 | |
NIKE Inc. | 2.375% | 11/1/26 | 22,103 | 20,349 | ||
NIKE Inc. | 2.750% | 3/27/27 | 34,151 | 31,680 | ||
O'Reilly Automotive Inc. | 3.550% | 3/15/26 | 14,314 | 13,697 | ||
O'Reilly Automotive Inc. | 3.600% | 9/1/27 | 11,430 | 10,723 | ||
Owens Corning | 4.200% | 12/1/24 | 6,146 | 6,011 | ||
Owens Corning | 3.400% | 8/15/26 | 11,616 | 10,872 | ||
PulteGroup Inc. | 5.500% | 3/1/26 | 15,445 | 15,372 | ||
PulteGroup Inc. | 5.000% | 1/15/27 | 6,450 | 6,347 | ||
PVH Corp. | 4.625% | 7/10/25 | 11,580 | 11,308 | ||
Ralph Lauren Corp. | 3.750% | 9/15/25 | 9,329 | 8,988 | ||
Ross Stores Inc. | 4.600% | 4/15/25 | 16,850 | 16,589 | ||
Ross Stores Inc. | 0.875% | 4/15/26 | 13,171 | 11,519 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Snap-on Inc. | 3.250% | 3/1/27 | 1,141 | 1,069 | ||
Stanley Black & Decker Inc. | 3.400% | 3/1/26 | 4,008 | 3,792 | ||
1 | Stanley Black & Decker Inc. | 4.000% | 3/15/60 | 15,124 | 13,029 | |
Starbucks Corp. | 3.800% | 8/15/25 | 26,297 | 25,499 | ||
Starbucks Corp. | 4.750% | 2/15/26 | 5,000 | 4,952 | ||
Starbucks Corp. | 2.450% | 6/15/26 | 10,649 | 9,817 | ||
Starbucks Corp. | 2.000% | 3/12/27 | 2,804 | 2,494 | ||
Tapestry Inc. | 4.125% | 7/15/27 | 8,631 | 8,151 | ||
TJX Cos. Inc. | 2.250% | 9/15/26 | 6,176 | 5,640 | ||
Toll Brothers Finance Corp. | 4.875% | 11/15/25 | 11,660 | 11,492 | ||
Toll Brothers Finance Corp. | 4.350% | 2/15/28 | 7,650 | 7,079 | ||
Toyota Motor Corp. | 0.681% | 3/25/24 | 37,168 | 35,428 | ||
Toyota Motor Corp. | 2.358% | 7/2/24 | 2,971 | 2,858 | ||
Toyota Motor Corp. | 1.339% | 3/25/26 | 22,694 | 20,359 | ||
Toyota Motor Credit Corp. | 3.350% | 1/8/24 | 7,691 | 7,564 | ||
1 | Toyota Motor Credit Corp. | 2.500% | 3/22/24 | 10,460 | 10,162 | |
1 | Toyota Motor Credit Corp. | 2.900% | 4/17/24 | 14,140 | 13,774 | |
1 | Toyota Motor Credit Corp. | 0.500% | 6/18/24 | 4,994 | 4,700 | |
Toyota Motor Credit Corp. | 0.625% | 9/13/24 | 18,337 | 17,122 | ||
1 | Toyota Motor Credit Corp. | 4.400% | 9/20/24 | 25,813 | 25,527 | |
1 | Toyota Motor Credit Corp. | 2.000% | 10/7/24 | 10,243 | 9,748 | |
Toyota Motor Credit Corp. | 4.800% | 1/10/25 | 7,380 | 7,341 | ||
1 | Toyota Motor Credit Corp. | 1.450% | 1/13/25 | 13,484 | 12,622 | |
1 | Toyota Motor Credit Corp. | 1.800% | 2/13/25 | 50,630 | 47,474 | |
1 | Toyota Motor Credit Corp. | 3.000% | 4/1/25 | 33,913 | 32,457 | |
1 | Toyota Motor Credit Corp. | 3.400% | 4/14/25 | 17,748 | 17,124 | |
Toyota Motor Credit Corp. | 3.950% | 6/30/25 | 14,065 | 13,720 | ||
1 | Toyota Motor Credit Corp. | 0.800% | 10/16/25 | 13,713 | 12,297 | |
1 | Toyota Motor Credit Corp. | 0.800% | 1/9/26 | 6,538 | 5,824 | |
1 | Toyota Motor Credit Corp. | 1.125% | 6/18/26 | 27,244 | 24,059 | |
1 | Toyota Motor Credit Corp. | 3.200% | 1/11/27 | 37,752 | 35,468 | |
1 | Toyota Motor Credit Corp. | 1.900% | 1/13/27 | 12,387 | 11,070 | |
1 | Toyota Motor Credit Corp. | 3.050% | 3/22/27 | 19,874 | 18,498 | |
1 | Toyota Motor Credit Corp. | 1.150% | 8/13/27 | 12,948 | 11,016 | |
1 | Toyota Motor Credit Corp. | 4.550% | 9/20/27 | 24,161 | 23,775 | |
Toyota Motor Credit Corp. | 5.450% | 11/10/27 | 26,612 | 27,180 | ||
Toyota Motor Credit Corp. | 4.625% | 1/12/28 | 12,845 | 12,680 | ||
VF Corp. | 2.400% | 4/23/25 | 19,573 | 18,337 | ||
VF Corp. | 2.800% | 4/23/27 | 9,207 | 8,342 | ||
Whirlpool Corp. | 4.000% | 3/1/24 | 5,725 | 5,637 | ||
Whirlpool Corp. | 3.700% | 5/1/25 | 6,120 | 5,898 | ||
1 | Yale University | 0.873% | 4/15/25 | 11,406 | 10,467 | |
2,964,810 | ||||||
Consumer Staples (5.2%) | ||||||
Altria Group Inc. | 2.350% | 5/6/25 | 15,615 | 14,641 | ||
Altria Group Inc. | 4.400% | 2/14/26 | 11,700 | 11,454 | ||
Altria Group Inc. | 2.625% | 9/16/26 | 4,354 | 3,996 | ||
1 | Anheuser-Busch Cos. LLC | 3.650% | 2/1/26 | 64,249 | 61,576 | |
Archer-Daniels-Midland Co. | 2.500% | 8/11/26 | 27,124 | 24,972 | ||
BAT Capital Corp. | 3.222% | 8/15/24 | 47,666 | 45,950 | ||
BAT Capital Corp. | 2.789% | 9/6/24 | 21,749 | 20,839 | ||
BAT Capital Corp. | 3.215% | 9/6/26 | 18,926 | 17,448 | ||
BAT Capital Corp. | 4.700% | 4/2/27 | 8,693 | 8,406 | ||
BAT Capital Corp. | 3.557% | 8/15/27 | 62,005 | 56,506 | ||
BAT Capital Corp. | 2.259% | 3/25/28 | 9,700 | 8,131 | ||
BAT International Finance plc | 1.668% | 3/25/26 | 34,815 | 30,934 | ||
Brown-Forman Corp. | 3.500% | 4/15/25 | 6,229 | 6,029 | ||
Bunge Ltd. Finance Corp. | 1.630% | 8/17/25 | 10,965 | 10,001 | ||
Bunge Ltd. Finance Corp. | 3.250% | 8/15/26 | 23,051 | 21,466 | ||
Campbell Soup Co. | 3.950% | 3/15/25 | 24,708 | 24,075 | ||
Campbell Soup Co. | 3.300% | 3/19/25 | 8,776 | 8,421 | ||
Church & Dwight Co. Inc. | 3.150% | 8/1/27 | 10,000 | 9,325 | ||
Clorox Co. | 3.100% | 10/1/27 | 2,782 | 2,575 | ||
Coca-Cola Co. | 1.750% | 9/6/24 | 19,621 | 18,847 | ||
Coca-Cola Co. | 3.375% | 3/25/27 | 26,624 | 25,402 | ||
Coca-Cola Co. | 2.900% | 5/25/27 | 6,064 | 5,677 | ||
Coca-Cola Co. | 1.450% | 6/1/27 | 36,668 | 32,211 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Coca-Cola Consolidated Inc. | 3.800% | 11/25/25 | 8,465 | 8,173 | ||
1 | Colgate-Palmolive Co. | 3.250% | 3/15/24 | 15,849 | 15,544 | |
3 | Colgate-Palmolive Co. | 4.800% | 3/2/26 | 8,000 | 8,001 | |
Colgate-Palmolive Co. | 3.100% | 8/15/27 | 18,103 | 17,075 | ||
3 | Colgate-Palmolive Co. | 4.600% | 3/1/28 | 8,000 | 7,997 | |
Conagra Brands Inc. | 4.300% | 5/1/24 | 16,326 | 16,095 | ||
Conagra Brands Inc. | 4.600% | 11/1/25 | 24,948 | 24,459 | ||
Conagra Brands Inc. | 1.375% | 11/1/27 | 18,280 | 15,210 | ||
Constellation Brands Inc. | 4.750% | 11/15/24 | 6,333 | 6,266 | ||
Constellation Brands Inc. | 4.400% | 11/15/25 | 14,020 | 13,684 | ||
Constellation Brands Inc. | 4.750% | 12/1/25 | 9,671 | 9,551 | ||
Constellation Brands Inc. | 5.000% | 2/2/26 | 4,000 | 3,963 | ||
Constellation Brands Inc. | 3.700% | 12/6/26 | 8,440 | 7,976 | ||
Constellation Brands Inc. | 3.500% | 5/9/27 | 25,253 | 23,751 | ||
Constellation Brands Inc. | 4.350% | 5/9/27 | 15,689 | 15,156 | ||
Costco Wholesale Corp. | 2.750% | 5/18/24 | 25,232 | 24,499 | ||
Costco Wholesale Corp. | 3.000% | 5/18/27 | 33,833 | 31,829 | ||
Costco Wholesale Corp. | 1.375% | 6/20/27 | 32,904 | 28,775 | ||
Diageo Capital plc | 2.125% | 10/24/24 | 2,371 | 2,253 | ||
Diageo Capital plc | 1.375% | 9/29/25 | 14,493 | 13,185 | ||
Diageo Capital plc | 5.300% | 10/24/27 | 23,820 | 24,181 | ||
Dollar General Corp. | 4.250% | 9/20/24 | 25,936 | 25,487 | ||
Dollar General Corp. | 4.150% | 11/1/25 | 7,828 | 7,621 | ||
Dollar General Corp. | 3.875% | 4/15/27 | 4,067 | 3,869 | ||
Dollar General Corp. | 4.625% | 11/1/27 | 12,718 | 12,408 | ||
Dollar Tree Inc. | 4.000% | 5/15/25 | 23,079 | 22,416 | ||
Estee Lauder Cos. Inc. | 2.000% | 12/1/24 | 16,086 | 15,263 | ||
Estee Lauder Cos. Inc. | 3.150% | 3/15/27 | 6,242 | 5,885 | ||
Flowers Foods Inc. | 3.500% | 10/1/26 | 8,234 | 7,707 | ||
General Mills Inc. | 4.000% | 4/17/25 | 11,114 | 10,822 | ||
General Mills Inc. | 3.200% | 2/10/27 | 17,983 | 16,977 | ||
GSK Consumer Healthcare Capital UK plc | 3.125% | 3/24/25 | 19,384 | 18,448 | ||
GSK Consumer Healthcare Capital US LLC | 3.024% | 3/24/24 | 8,325 | 8,095 | ||
GSK Consumer Healthcare Capital US LLC | 3.375% | 3/24/27 | 48,695 | 45,274 | ||
Hershey Co. | 2.050% | 11/15/24 | 1,349 | 1,284 | ||
Hershey Co. | 0.900% | 6/1/25 | 10,530 | 9,612 | ||
Hershey Co. | 3.200% | 8/21/25 | 2,413 | 2,307 | ||
Hershey Co. | 2.300% | 8/15/26 | 2,052 | 1,892 | ||
Hormel Foods Corp. | 0.650% | 6/3/24 | 12,542 | 11,840 | ||
Ingredion Inc. | 3.200% | 10/1/26 | 11,224 | 10,500 | ||
J M Smucker Co. | 3.500% | 3/15/25 | 7,081 | 6,822 | ||
J M Smucker Co. | 3.375% | 12/15/27 | 11,750 | 10,878 | ||
2 | JBS USA LUX SA | 2.500% | 1/15/27 | 26,270 | 22,869 | |
Kellogg Co. | 2.650% | 12/1/23 | 12,172 | 11,998 | ||
Kellogg Co. | 3.250% | 4/1/26 | 15,147 | 14,294 | ||
Keurig Dr Pepper Inc. | 3.130% | 12/15/23 | 8,800 | 8,660 | ||
Keurig Dr Pepper Inc. | 0.750% | 3/15/24 | 14,129 | 13,445 | ||
Keurig Dr Pepper Inc. | 4.417% | 5/25/25 | 2,424 | 2,376 | ||
Keurig Dr Pepper Inc. | 3.400% | 11/15/25 | 12,096 | 11,520 | ||
Keurig Dr Pepper Inc. | 2.550% | 9/15/26 | 13,575 | 12,404 | ||
Keurig Dr Pepper Inc. | 3.430% | 6/15/27 | 2,515 | 2,351 | ||
Kimberly-Clark Corp. | 3.050% | 8/15/25 | 7,080 | 6,760 | ||
Kimberly-Clark Corp. | 2.750% | 2/15/26 | 12,670 | 11,974 | ||
Kraft Heinz Foods Co. | 3.000% | 6/1/26 | 29,717 | 27,657 | ||
Kraft Heinz Foods Co. | 3.875% | 5/15/27 | 57,453 | 54,625 | ||
Kroger Co. | 3.500% | 2/1/26 | 3,005 | 2,859 | ||
Kroger Co. | 2.650% | 10/15/26 | 20,749 | 19,124 | ||
Kroger Co. | 3.700% | 8/1/27 | 11,970 | 11,297 | ||
McCormick & Co. Inc. | 3.150% | 8/15/24 | 17,951 | 17,350 | ||
McCormick & Co. Inc. | 0.900% | 2/15/26 | 1,889 | 1,662 | ||
McCormick & Co. Inc. | 3.400% | 8/15/27 | 9,423 | 8,747 | ||
Mead Johnson Nutrition Co. | 4.125% | 11/15/25 | 29,549 | 28,773 | ||
Molson Coors Beverage Co. | 3.000% | 7/15/26 | 33,845 | 31,291 | ||
Mondelez International Inc. | 2.125% | 3/17/24 | 13,616 | 13,197 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Mondelez International Inc. | 1.500% | 5/4/25 | 20,077 | 18,515 | ||
Mondelez International Inc. | 2.625% | 3/17/27 | 2,885 | 2,634 | ||
PepsiCo Inc. | 3.600% | 3/1/24 | 9,557 | 9,434 | ||
PepsiCo Inc. | 2.250% | 3/19/25 | 27,777 | 26,324 | ||
PepsiCo Inc. | 2.750% | 4/30/25 | 24,711 | 23,593 | ||
PepsiCo Inc. | 3.500% | 7/17/25 | 17,303 | 16,752 | ||
PepsiCo Inc. | 2.850% | 2/24/26 | 24,600 | 23,254 | ||
PepsiCo Inc. | 2.375% | 10/6/26 | 19,730 | 18,197 | ||
PepsiCo Inc. | 2.625% | 3/19/27 | 19,236 | 17,786 | ||
PepsiCo Inc. | 3.000% | 10/15/27 | 15,417 | 14,353 | ||
PepsiCo Inc. | 3.600% | 2/18/28 | 10,000 | 9,540 | ||
PepsiCo Inc. | 4.450% | 5/15/28 | 15,000 | 14,878 | ||
Philip Morris International Inc. | 2.875% | 5/1/24 | 16,532 | 16,053 | ||
Philip Morris International Inc. | 3.250% | 11/10/24 | 6,217 | 6,024 | ||
Philip Morris International Inc. | 5.125% | 11/15/24 | 21,377 | 21,315 | ||
Philip Morris International Inc. | 1.500% | 5/1/25 | 2,054 | 1,901 | ||
Philip Morris International Inc. | 3.375% | 8/11/25 | 14,072 | 13,496 | ||
Philip Morris International Inc. | 5.000% | 11/17/25 | 16,411 | 16,322 | ||
Philip Morris International Inc. | 2.750% | 2/25/26 | 21,415 | 19,961 | ||
Philip Morris International Inc. | 0.875% | 5/1/26 | 18,985 | 16,613 | ||
Philip Morris International Inc. | 5.125% | 11/17/27 | 49,220 | 49,020 | ||
Philip Morris International Inc. | 4.875% | 2/15/28 | 22,825 | 22,349 | ||
Procter & Gamble Co. | 0.550% | 10/29/25 | 28,732 | 25,837 | ||
Procter & Gamble Co. | 2.700% | 2/2/26 | 10,819 | 10,226 | ||
Procter & Gamble Co. | 2.450% | 11/3/26 | 32,668 | 30,158 | ||
Procter & Gamble Co. | 1.900% | 2/1/27 | 5,569 | 5,069 | ||
Procter & Gamble Co. | 2.800% | 3/25/27 | 11,945 | 11,135 | ||
Procter & Gamble Co. | 2.850% | 8/11/27 | 11,593 | 10,797 | ||
Procter & Gamble Co. | 3.950% | 1/26/28 | 10,325 | 10,081 | ||
Reynolds American Inc. | 4.450% | 6/12/25 | 65,525 | 63,777 | ||
Sysco Corp. | 3.750% | 10/1/25 | 22,365 | 21,532 | ||
Sysco Corp. | 3.300% | 7/15/26 | 25,831 | 24,269 | ||
Sysco Corp. | 3.250% | 7/15/27 | 4,111 | 3,803 | ||
Target Corp. | 3.500% | 7/1/24 | 11,779 | 11,515 | ||
Target Corp. | 2.250% | 4/15/25 | 26,286 | 24,837 | ||
Target Corp. | 2.500% | 4/15/26 | 8,435 | 7,892 | ||
Target Corp. | 1.950% | 1/15/27 | 33,061 | 29,786 | ||
Tyson Foods Inc. | 3.950% | 8/15/24 | 18,326 | 17,959 | ||
Tyson Foods Inc. | 4.000% | 3/1/26 | 18,897 | 18,235 | ||
Tyson Foods Inc. | 3.550% | 6/2/27 | 27,820 | 26,024 | ||
Unilever Capital Corp. | 3.250% | 3/7/24 | 10,669 | 10,462 | ||
Unilever Capital Corp. | 2.600% | 5/5/24 | 10,998 | 10,662 | ||
Unilever Capital Corp. | 0.626% | 8/12/24 | 2,410 | 2,256 | ||
Unilever Capital Corp. | 3.375% | 3/22/25 | 4,721 | 4,553 | ||
Unilever Capital Corp. | 3.100% | 7/30/25 | 7,294 | 6,966 | ||
Unilever Capital Corp. | 2.000% | 7/28/26 | 16,495 | 14,983 | ||
Unilever Capital Corp. | 2.900% | 5/5/27 | 11,940 | 11,110 | ||
Unilever Capital Corp. | 3.500% | 3/22/28 | 14,725 | 13,819 | ||
Walgreens Boots Alliance Inc. | 3.800% | 11/18/24 | 24,341 | 23,651 | ||
Walgreens Boots Alliance Inc. | 3.450% | 6/1/26 | 30,504 | 28,578 | ||
Walmart Inc. | 3.300% | 4/22/24 | 36,089 | 35,397 | ||
Walmart Inc. | 2.850% | 7/8/24 | 19,604 | 19,032 | ||
Walmart Inc. | 2.650% | 12/15/24 | 16,418 | 15,829 | ||
Walmart Inc. | 3.550% | 6/26/25 | 19,212 | 18,734 | ||
Walmart Inc. | 3.900% | 9/9/25 | 22,765 | 22,310 | ||
Walmart Inc. | 3.050% | 7/8/26 | 24,941 | 23,668 | ||
Walmart Inc. | 1.050% | 9/17/26 | 25,195 | 22,131 | ||
Walmart Inc. | 3.950% | 9/9/27 | 21,517 | 20,969 | ||
2,413,501 | ||||||
Energy (5.3%) | ||||||
Baker Hughes Holdings LLC | 2.061% | 12/15/26 | 13,681 | 12,231 | ||
Baker Hughes Holdings LLC | 3.337% | 12/15/27 | 11,105 | 10,252 | ||
Boardwalk Pipelines LP | 4.950% | 12/15/24 | 3,937 | 3,874 | ||
Boardwalk Pipelines LP | 5.950% | 6/1/26 | 17,142 | 17,267 | ||
Boardwalk Pipelines LP | 4.450% | 7/15/27 | 2,127 | 2,026 | ||
BP Capital Markets America Inc. | 3.796% | 9/21/25 | 18,555 | 18,135 | ||
BP Capital Markets America Inc. | 3.410% | 2/11/26 | 20,910 | 19,969 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | BP Capital Markets America Inc. | 3.119% | 5/4/26 | 22,329 | 21,088 | |
1 | BP Capital Markets America Inc. | 3.017% | 1/16/27 | 27,631 | 25,689 | |
BP Capital Markets America Inc. | 3.543% | 4/6/27 | 16,120 | 15,244 | ||
1 | BP Capital Markets America Inc. | 3.588% | 4/14/27 | 15,217 | 14,397 | |
BP Capital Markets plc | 3.279% | 9/19/27 | 7,737 | 7,212 | ||
Canadian Natural Resources Ltd. | 3.800% | 4/15/24 | 20,050 | 19,654 | ||
Canadian Natural Resources Ltd. | 3.900% | 2/1/25 | 2,203 | 2,135 | ||
Canadian Natural Resources Ltd. | 2.050% | 7/15/25 | 15,749 | 14,556 | ||
Canadian Natural Resources Ltd. | 3.850% | 6/1/27 | 33,543 | 31,494 | ||
Cenovus Energy Inc. | 4.250% | 4/15/27 | 11,751 | 11,218 | ||
Cheniere Corpus Christi Holdings LLC | 5.875% | 3/31/25 | 35,869 | 35,992 | ||
Cheniere Corpus Christi Holdings LLC | 5.125% | 6/30/27 | 36,384 | 35,907 | ||
Chevron Corp. | 2.895% | 3/3/24 | 26,116 | 25,536 | ||
Chevron Corp. | 1.554% | 5/11/25 | 61,010 | 56,651 | ||
Chevron Corp. | 3.326% | 11/17/25 | 15,820 | 15,194 | ||
Chevron Corp. | 2.954% | 5/16/26 | 33,155 | 31,218 | ||
Chevron Corp. | 1.995% | 5/11/27 | 13,019 | 11,663 | ||
Chevron USA Inc. | 3.900% | 11/15/24 | 9,520 | 9,366 | ||
Chevron USA Inc. | 0.687% | 8/12/25 | 20,011 | 18,059 | ||
Chevron USA Inc. | 1.018% | 8/12/27 | 5,648 | 4,825 | ||
Chevron USA Inc. | 3.850% | 1/15/28 | 7,688 | 7,394 | ||
Columbia Pipeline Group Inc. | 4.500% | 6/1/25 | 14,923 | 14,605 | ||
ConocoPhillips Co. | 2.125% | 3/8/24 | 11,260 | 10,908 | ||
ConocoPhillips Co. | 3.350% | 11/15/24 | 7,289 | 7,077 | ||
ConocoPhillips Co. | 2.400% | 3/7/25 | 12,230 | 11,579 | ||
Continental Resources Inc. | 3.800% | 6/1/24 | 18,865 | 18,407 | ||
Continental Resources Inc. | 4.375% | 1/15/28 | 12,144 | 11,263 | ||
Coterra Energy Inc. | 3.900% | 5/15/27 | 25,319 | 23,750 | ||
DCP Midstream Operating LP | 5.375% | 7/15/25 | 13,161 | 13,027 | ||
DCP Midstream Operating LP | 5.625% | 7/15/27 | 12,830 | 12,704 | ||
Devon Energy Corp. | 5.250% | 9/15/24 | 16,690 | 16,606 | ||
Devon Energy Corp. | 5.850% | 12/15/25 | 13,137 | 13,228 | ||
Diamondback Energy Inc. | 3.250% | 12/1/26 | 22,600 | 20,935 | ||
1 | Eastern Gas Transmission & Storage Inc. | 3.600% | 12/15/24 | 3,906 | 3,770 | |
Enbridge Energy Partners LP | 5.875% | 10/15/25 | 8,014 | 8,102 | ||
Enbridge Inc. | 3.500% | 6/10/24 | 15,096 | 14,702 | ||
Enbridge Inc. | 2.500% | 1/15/25 | 3,216 | 3,044 | ||
Enbridge Inc. | 2.500% | 2/14/25 | 2,383 | 2,251 | ||
Enbridge Inc. | 1.600% | 10/4/26 | 4,366 | 3,836 | ||
Enbridge Inc. | 4.250% | 12/1/26 | 22,211 | 21,285 | ||
Enbridge Inc. | 3.700% | 7/15/27 | 3,036 | 2,844 | ||
Energy Transfer LP | 4.250% | 4/1/24 | 11,852 | 11,660 | ||
Energy Transfer LP | 4.500% | 4/15/24 | 18,480 | 18,233 | ||
Energy Transfer LP | 3.900% | 5/15/24 | 12,605 | 12,315 | ||
Energy Transfer LP | 4.050% | 3/15/25 | 22,040 | 21,389 | ||
Energy Transfer LP | 2.900% | 5/15/25 | 25,746 | 24,299 | ||
Energy Transfer LP | 5.950% | 12/1/25 | 8,223 | 8,302 | ||
Energy Transfer LP | 4.750% | 1/15/26 | 25,245 | 24,703 | ||
Energy Transfer LP | 3.900% | 7/15/26 | 8,032 | 7,581 | ||
Energy Transfer LP | 4.400% | 3/15/27 | 20,312 | 19,398 | ||
Energy Transfer LP | 4.200% | 4/15/27 | 16,156 | 15,295 | ||
1 | Energy Transfer LP | 5.500% | 6/1/27 | 24,283 | 24,131 | |
Energy Transfer LP | 4.000% | 10/1/27 | 2,145 | 2,001 | ||
Energy Transfer LP | 5.550% | 2/15/28 | 20,330 | 20,265 | ||
Enterprise Products Operating LLC | 3.750% | 2/15/25 | 30,097 | 29,225 | ||
Enterprise Products Operating LLC | 5.050% | 1/10/26 | 3,825 | 3,819 | ||
Enterprise Products Operating LLC | 3.700% | 2/15/26 | 17,761 | 17,058 | ||
Enterprise Products Operating LLC | 3.950% | 2/15/27 | 13,479 | 12,873 | ||
1 | Enterprise Products Operating LLC | 5.250% | 8/16/77 | 16,706 | 14,942 | |
1 | Enterprise Products Operating LLC | 5.375% | 2/15/78 | 8,520 | 7,127 | |
EOG Resources Inc. | 3.150% | 4/1/25 | 11,902 | 11,406 | ||
EOG Resources Inc. | 4.150% | 1/15/26 | 17,168 | 16,774 | ||
EQT Corp. | 6.125% | 2/1/25 | 21,232 | 21,257 | ||
EQT Corp. | 5.678% | 10/1/25 | 12,550 | 12,432 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
EQT Corp. | 3.900% | 10/1/27 | 14,955 | 13,704 | ||
EQT Corp. | 5.700% | 4/1/28 | 9,000 | 8,860 | ||
Exxon Mobil Corp. | 3.176% | 3/15/24 | 15,622 | 15,297 | ||
Exxon Mobil Corp. | 2.019% | 8/16/24 | 19,742 | 18,887 | ||
Exxon Mobil Corp. | 2.709% | 3/6/25 | 29,536 | 28,207 | ||
Exxon Mobil Corp. | 2.992% | 3/19/25 | 83,297 | 79,984 | ||
Exxon Mobil Corp. | 3.043% | 3/1/26 | 62,391 | 59,124 | ||
Exxon Mobil Corp. | 2.275% | 8/16/26 | 22,395 | 20,549 | ||
Exxon Mobil Corp. | 3.294% | 3/19/27 | 14,380 | 13,705 | ||
Halliburton Co. | 3.800% | 11/15/25 | 8,212 | 7,937 | ||
Hess Corp. | 3.500% | 7/15/24 | 6,876 | 6,707 | ||
Hess Corp. | 4.300% | 4/1/27 | 23,250 | 22,258 | ||
HF Sinclair Corp. | 5.875% | 4/1/26 | 20,222 | 20,221 | ||
Kinder Morgan Energy Partners LP | 4.300% | 5/1/24 | 14,662 | 14,453 | ||
Kinder Morgan Energy Partners LP | 4.250% | 9/1/24 | 15,243 | 14,953 | ||
Kinder Morgan Inc. | 4.300% | 6/1/25 | 27,219 | 26,588 | ||
Kinder Morgan Inc. | 1.750% | 11/15/26 | 10,269 | 9,001 | ||
Magellan Midstream Partners LP | 5.000% | 3/1/26 | 16,752 | 16,569 | ||
Marathon Oil Corp. | 4.400% | 7/15/27 | 11,665 | 11,111 | ||
Marathon Petroleum Corp. | 3.625% | 9/15/24 | 4,841 | 4,717 | ||
Marathon Petroleum Corp. | 4.700% | 5/1/25 | 38,542 | 38,002 | ||
Marathon Petroleum Corp. | 5.125% | 12/15/26 | 25,340 | 25,198 | ||
MPLX LP | 4.875% | 12/1/24 | 27,967 | 27,599 | ||
MPLX LP | 4.000% | 2/15/25 | 2,210 | 2,145 | ||
MPLX LP | 4.875% | 6/1/25 | 26,610 | 26,200 | ||
MPLX LP | 1.750% | 3/1/26 | 22,656 | 20,263 | ||
MPLX LP | 4.125% | 3/1/27 | 32,737 | 31,232 | ||
MPLX LP | 4.250% | 12/1/27 | 2,846 | 2,692 | ||
MPLX LP | 4.000% | 3/15/28 | 6,627 | 6,207 | ||
Northwest Pipeline LLC | 4.000% | 4/1/27 | 2,236 | 2,120 | ||
ONEOK Inc. | 2.750% | 9/1/24 | 3,784 | 3,619 | ||
ONEOK Inc. | 2.200% | 9/15/25 | 9,573 | 8,777 | ||
ONEOK Inc. | 5.850% | 1/15/26 | 13,189 | 13,296 | ||
ONEOK Inc. | 4.000% | 7/13/27 | 12,585 | 11,839 | ||
ONEOK Partners LP | 4.900% | 3/15/25 | 17,820 | 17,573 | ||
Ovintiv Exploration Inc. | 5.375% | 1/1/26 | 19,150 | 18,980 | ||
Phillips 66 | 3.850% | 4/9/25 | 22,673 | 22,018 | ||
Phillips 66 | 1.300% | 2/15/26 | 1,901 | 1,695 | ||
2 | Phillips 66 Co. | 2.450% | 12/15/24 | 5,651 | 5,322 | |
2 | Phillips 66 Co. | 3.605% | 2/15/25 | 11,467 | 11,054 | |
2 | Phillips 66 Co. | 3.550% | 10/1/26 | 10,997 | 10,248 | |
Pioneer Natural Resources Co. | 1.125% | 1/15/26 | 7,028 | 6,257 | ||
Plains All American Pipeline LP | 3.600% | 11/1/24 | 12,744 | 12,330 | ||
Plains All American Pipeline LP | 4.650% | 10/15/25 | 14,033 | 13,704 | ||
Plains All American Pipeline LP | 4.500% | 12/15/26 | 15,841 | 15,187 | ||
Sabine Pass Liquefaction LLC | 5.750% | 5/15/24 | 57,125 | 57,119 | ||
Sabine Pass Liquefaction LLC | 5.625% | 3/1/25 | 61,687 | 61,614 | ||
Sabine Pass Liquefaction LLC | 5.875% | 6/30/26 | 20,501 | 20,629 | ||
Sabine Pass Liquefaction LLC | 5.000% | 3/15/27 | 34,211 | 33,390 | ||
Schlumberger Finance Canada Ltd. | 1.400% | 9/17/25 | 8,825 | 8,073 | ||
Schlumberger Investment SA | 3.650% | 12/1/23 | 1 | 1 | ||
Shell International Finance BV | 2.000% | 11/7/24 | 22,080 | 21,000 | ||
Shell International Finance BV | 3.250% | 5/11/25 | 57,921 | 55,772 | ||
Shell International Finance BV | 2.875% | 5/10/26 | 31,564 | 29,562 | ||
Shell International Finance BV | 2.500% | 9/12/26 | 22,167 | 20,360 | ||
Spectra Energy Partners LP | 4.750% | 3/15/24 | 30,626 | 30,362 | ||
Spectra Energy Partners LP | 3.500% | 3/15/25 | 9,658 | 9,287 | ||
Spectra Energy Partners LP | 3.375% | 10/15/26 | 22,231 | 20,770 | ||
Targa Resources Corp. | 5.200% | 7/1/27 | 10,779 | 10,597 | ||
Targa Resources Partners LP | 6.500% | 7/15/27 | 20,100 | 20,322 | ||
Targa Resources Partners LP | 5.000% | 1/15/28 | 1,852 | 1,771 | ||
TC PipeLines LP | 4.375% | 3/13/25 | 6,612 | 6,455 | ||
TC PipeLines LP | 3.900% | 5/25/27 | 13,238 | 12,502 | ||
Tennessee Gas Pipeline Co. LLC | 7.000% | 3/15/27 | 3,393 | 3,560 | ||
TotalEnergies Capital International SA | 3.750% | 4/10/24 | 8,536 | 8,388 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
TotalEnergies Capital International SA | 2.434% | 1/10/25 | 13,459 | 12,865 | ||
TransCanada PipeLines Ltd. | 1.000% | 10/12/24 | 22,528 | 20,909 | ||
TransCanada PipeLines Ltd. | 4.875% | 1/15/26 | 23,633 | 23,304 | ||
Transcontinental Gas Pipe Line Co. LLC | 7.850% | 2/1/26 | 29,341 | 31,107 | ||
Williams Cos. Inc. | 4.300% | 3/4/24 | 25,288 | 24,969 | ||
Williams Cos. Inc. | 4.550% | 6/24/24 | 22,444 | 22,135 | ||
Williams Cos. Inc. | 3.900% | 1/15/25 | 4,001 | 3,881 | ||
Williams Cos. Inc. | 4.000% | 9/15/25 | 25,169 | 24,265 | ||
3 | Williams Cos. Inc. | 5.400% | 3/2/26 | 3,200 | 3,201 | |
Williams Cos. Inc. | 3.750% | 6/15/27 | 31,643 | 29,766 | ||
2,482,979 | ||||||
Financials (44.1%) | ||||||
AerCap Ireland Capital DAC | 2.875% | 8/14/24 | 20,732 | 19,728 | ||
AerCap Ireland Capital DAC | 1.650% | 10/29/24 | 79,575 | 73,881 | ||
1 | AerCap Ireland Capital DAC | 1.750% | 10/29/24 | 22,890 | 21,249 | |
AerCap Ireland Capital DAC | 3.500% | 1/15/25 | 23,385 | 22,278 | ||
AerCap Ireland Capital DAC | 6.500% | 7/15/25 | 11,094 | 11,135 | ||
AerCap Ireland Capital DAC | 4.450% | 10/1/25 | 21,992 | 21,112 | ||
AerCap Ireland Capital DAC | 1.750% | 1/30/26 | 12,927 | 11,425 | ||
AerCap Ireland Capital DAC | 4.450% | 4/3/26 | 4,394 | 4,184 | ||
AerCap Ireland Capital DAC | 2.450% | 10/29/26 | 97,345 | 85,849 | ||
AerCap Ireland Capital DAC | 3.650% | 7/21/27 | 22,049 | 19,959 | ||
AerCap Ireland Capital DAC | 3.875% | 1/23/28 | 11,286 | 10,218 | ||
Affiliated Managers Group Inc. | 3.500% | 8/1/25 | 10,572 | 10,157 | ||
Aflac Inc. | 1.125% | 3/15/26 | 20,419 | 18,176 | ||
Air Lease Corp. | 0.800% | 8/18/24 | 15,429 | 14,313 | ||
Air Lease Corp. | 4.250% | 9/15/24 | 12,323 | 12,072 | ||
1 | Air Lease Corp. | 2.300% | 2/1/25 | 15,779 | 14,735 | |
Air Lease Corp. | 3.250% | 3/1/25 | 15,190 | 14,423 | ||
Air Lease Corp. | 3.375% | 7/1/25 | 13,749 | 12,944 | ||
1 | Air Lease Corp. | 2.875% | 1/15/26 | 35,043 | 32,313 | |
1 | Air Lease Corp. | 3.750% | 6/1/26 | 13,986 | 13,139 | |
Air Lease Corp. | 1.875% | 8/15/26 | 31,996 | 27,935 | ||
Air Lease Corp. | 2.200% | 1/15/27 | 2,011 | 1,767 | ||
Air Lease Corp. | 3.625% | 4/1/27 | 3,201 | 2,941 | ||
Air Lease Corp. | 3.625% | 12/1/27 | 10,530 | 9,576 | ||
Air Lease Corp. | 5.850% | 12/15/27 | 9,873 | 9,829 | ||
Aircastle Ltd. | 4.125% | 5/1/24 | 11,132 | 10,870 | ||
Aircastle Ltd. | 4.250% | 6/15/26 | 16,176 | 15,328 | ||
Allied World Assurance Co. Holdings Ltd. | 4.350% | 10/29/25 | 12,400 | 11,895 | ||
Allstate Corp. | 0.750% | 12/15/25 | 5,044 | 4,476 | ||
Allstate Corp. | 3.280% | 12/15/26 | 7,367 | 6,952 | ||
Ally Financial Inc. | 3.875% | 5/21/24 | 15,587 | 15,266 | ||
Ally Financial Inc. | 5.125% | 9/30/24 | 33,701 | 33,418 | ||
Ally Financial Inc. | 4.625% | 3/30/25 | 23,363 | 22,873 | ||
Ally Financial Inc. | 5.800% | 5/1/25 | 9,760 | 9,779 | ||
Ally Financial Inc. | 4.750% | 6/9/27 | 7,375 | 7,037 | ||
Ally Financial Inc. | 7.100% | 11/15/27 | 17,395 | 18,073 | ||
American Equity Investment Life Holding Co. | 5.000% | 6/15/27 | 14,053 | 13,798 | ||
American Express Co. | 3.375% | 5/3/24 | 10,167 | 9,933 | ||
American Express Co. | 2.500% | 7/30/24 | 38,729 | 37,280 | ||
American Express Co. | 3.000% | 10/30/24 | 42,273 | 40,756 | ||
American Express Co. | 3.625% | 12/5/24 | 12,563 | 12,201 | ||
American Express Co. | 2.250% | 3/4/25 | 43,403 | 40,854 | ||
American Express Co. | 3.950% | 8/1/25 | 27,711 | 26,899 | ||
American Express Co. | 4.200% | 11/6/25 | 15,271 | 14,938 | ||
American Express Co. | 3.125% | 5/20/26 | 12,402 | 11,649 | ||
American Express Co. | 1.650% | 11/4/26 | 26,515 | 23,444 | ||
American Express Co. | 2.550% | 3/4/27 | 36,356 | 32,925 | ||
American Express Co. | 3.300% | 5/3/27 | 68,844 | 64,308 | ||
American Express Co. | 5.850% | 11/5/27 | 19,475 | 20,063 | ||
1 | American Express Credit Corp. | 3.300% | 5/3/27 | 1,642 | 1,549 | |
American International Group Inc. | 2.500% | 6/30/25 | 27,661 | 26,038 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
American International Group Inc. | 3.900% | 4/1/26 | 14,300 | 13,720 | ||
Ameriprise Financial Inc. | 3.700% | 10/15/24 | 2,298 | 2,244 | ||
Ameriprise Financial Inc. | 3.000% | 4/2/25 | 19,120 | 18,290 | ||
Ameriprise Financial Inc. | 2.875% | 9/15/26 | 5,951 | 5,509 | ||
1 | Aon Corp. | 8.205% | 1/1/27 | 8,226 | 8,542 | |
Aon Corp. | 2.850% | 5/28/27 | 8,448 | 7,683 | ||
Aon Global Ltd. | 3.500% | 6/14/24 | 8,971 | 8,757 | ||
Aon Global Ltd. | 3.875% | 12/15/25 | 21,730 | 20,961 | ||
Arch Capital Finance LLC | 4.011% | 12/15/26 | 7,255 | 6,997 | ||
Ares Capital Corp. | 4.200% | 6/10/24 | 15,125 | 14,780 | ||
Ares Capital Corp. | 4.250% | 3/1/25 | 2,903 | 2,787 | ||
Ares Capital Corp. | 3.250% | 7/15/25 | 24,540 | 22,864 | ||
Ares Capital Corp. | 3.875% | 1/15/26 | 33,216 | 30,824 | ||
Ares Capital Corp. | 2.150% | 7/15/26 | 29,525 | 25,474 | ||
Ares Capital Corp. | 2.875% | 6/15/27 | 6,363 | 5,540 | ||
Assured Guaranty US Holdings Inc. | 5.000% | 7/1/24 | 1,626 | 1,617 | ||
Athene Holding Ltd. | 4.125% | 1/12/28 | 9,716 | 9,086 | ||
1 | Australia & New Zealand Banking Group Ltd. | 3.700% | 11/16/25 | 12,316 | 11,855 | |
Australia & New Zealand Banking Group Ltd. | 5.088% | 12/8/25 | 20,420 | 20,355 | ||
Bain Capital Specialty Finance Inc. | 2.950% | 3/10/26 | 3,508 | 3,121 | ||
Bain Capital Specialty Finance Inc. | 2.550% | 10/13/26 | 8,659 | 7,448 | ||
Banco Bilbao Vizcaya Argentaria SA | 1.125% | 9/18/25 | 14,547 | 13,033 | ||
Banco Bilbao Vizcaya Argentaria SA | 5.862% | 9/14/26 | 22,025 | 21,876 | ||
Banco Bilbao Vizcaya Argentaria SA | 6.138% | 9/14/28 | 18,840 | 19,070 | ||
Banco Santander SA | 3.892% | 5/24/24 | 9,035 | 8,844 | ||
Banco Santander SA | 2.706% | 6/27/24 | 50,262 | 48,433 | ||
Banco Santander SA | 2.746% | 5/28/25 | 43,088 | 40,442 | ||
Banco Santander SA | 5.147% | 8/18/25 | 40,745 | 40,184 | ||
Banco Santander SA | 5.179% | 11/19/25 | 29,180 | 28,765 | ||
Banco Santander SA | 1.849% | 3/25/26 | 19,967 | 17,732 | ||
Banco Santander SA | 4.250% | 4/11/27 | 30,860 | 29,260 | ||
Banco Santander SA | 5.294% | 8/18/27 | 43,980 | 43,096 | ||
Banco Santander SA | 1.722% | 9/14/27 | 25,613 | 22,091 | ||
Banco Santander SA | 3.800% | 2/23/28 | 4,200 | 3,854 | ||
Banco Santander SA | 4.175% | 3/24/28 | 37,955 | 35,447 | ||
1 | Bank of America Corp. | 4.000% | 4/1/24 | 20,900 | 20,592 | |
1 | Bank of America Corp. | 4.200% | 8/26/24 | 65,269 | 64,033 | |
1 | Bank of America Corp. | 4.000% | 1/22/25 | 70,454 | 68,650 | |
1 | Bank of America Corp. | 3.458% | 3/15/25 | 65,820 | 64,334 | |
1 | Bank of America Corp. | 3.950% | 4/21/25 | 71,584 | 69,419 | |
Bank of America Corp. | 0.976% | 4/22/25 | 61,509 | 58,147 | ||
Bank of America Corp. | 3.841% | 4/25/25 | 23,709 | 23,217 | ||
1 | Bank of America Corp. | 3.875% | 8/1/25 | 20,017 | 19,438 | |
1 | Bank of America Corp. | 0.981% | 9/25/25 | 45,137 | 41,883 | |
1 | Bank of America Corp. | 3.093% | 10/1/25 | 60,582 | 58,176 | |
1 | Bank of America Corp. | 2.456% | 10/22/25 | 30,625 | 29,059 | |
1 | Bank of America Corp. | 1.530% | 12/6/25 | 30,369 | 28,214 | |
1 | Bank of America Corp. | 3.366% | 1/23/26 | 44,694 | 42,778 | |
1 | Bank of America Corp. | 2.015% | 2/13/26 | 46,824 | 43,621 | |
1 | Bank of America Corp. | 4.450% | 3/3/26 | 64,617 | 62,844 | |
1 | Bank of America Corp. | 3.384% | 4/2/26 | 38,170 | 36,511 | |
1 | Bank of America Corp. | 3.500% | 4/19/26 | 78,395 | 74,880 | |
1 | Bank of America Corp. | 1.319% | 6/19/26 | 67,808 | 61,499 | |
1 | Bank of America Corp. | 4.827% | 7/22/26 | 9,675 | 9,521 | |
Bank of America Corp. | 6.220% | 9/15/26 | 8,540 | 8,800 | ||
1 | Bank of America Corp. | 4.250% | 10/22/26 | 44,539 | 42,804 | |
1 | Bank of America Corp. | 1.197% | 10/24/26 | 60,746 | 54,110 | |
Bank of America Corp. | 5.080% | 1/20/27 | 13,936 | 13,782 | ||
1 | Bank of America Corp. | 1.658% | 3/11/27 | 71,482 | 63,703 | |
1 | Bank of America Corp. | 3.559% | 4/23/27 | 53,939 | 50,704 | |
Bank of America Corp. | 1.734% | 7/22/27 | 110,687 | 97,526 | ||
1 | Bank of America Corp. | 3.248% | 10/21/27 | 1,485 | 1,368 | |
1 | Bank of America Corp. | 4.183% | 11/25/27 | 25,138 | 23,955 | |
1 | Bank of America Corp. | 3.824% | 1/20/28 | 40,347 | 37,925 | |
1 | Bank of America Corp. | 2.551% | 2/4/28 | 25,910 | 23,172 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Bank of America Corp. | 3.705% | 4/24/28 | 41,240 | 38,374 | |
Bank of America Corp. | 4.376% | 4/27/28 | 80,712 | 77,143 | ||
1 | Bank of America Corp. | 3.593% | 7/21/28 | 56,132 | 51,822 | |
1 | Bank of America Corp. | 4.948% | 7/22/28 | 85,371 | 83,527 | |
Bank of America Corp. | 6.204% | 11/10/28 | 62,980 | 64,745 | ||
1 | Bank of America Corp. | 3.419% | 12/20/28 | 94,943 | 86,656 | |
1 | Bank of Montreal | 3.300% | 2/5/24 | 46,935 | 46,000 | |
1 | Bank of Montreal | 2.150% | 3/8/24 | 14,258 | 13,797 | |
1 | Bank of Montreal | 2.500% | 6/28/24 | 11,475 | 11,042 | |
1 | Bank of Montreal | 0.625% | 7/9/24 | 2,667 | 2,502 | |
1 | Bank of Montreal | 4.250% | 9/14/24 | 26,441 | 25,980 | |
Bank of Montreal | 5.200% | 12/12/24 | 15,625 | 15,585 | ||
1 | Bank of Montreal | 1.500% | 1/10/25 | 21,531 | 20,063 | |
1 | Bank of Montreal | 1.850% | 5/1/25 | 43,858 | 40,786 | |
1 | Bank of Montreal | 3.700% | 6/7/25 | 35,505 | 34,330 | |
1 | Bank of Montreal | 1.250% | 9/15/26 | 15,858 | 13,847 | |
1 | Bank of Montreal | 0.949% | 1/22/27 | 8,631 | 7,600 | |
1 | Bank of Montreal | 2.650% | 3/8/27 | 29,140 | 26,566 | |
1 | Bank of Montreal | 4.700% | 9/14/27 | 26,478 | 25,902 | |
Bank of Montreal | 5.203% | 2/1/28 | 25,055 | 24,940 | ||
1 | Bank of Montreal | 3.803% | 12/15/32 | 18,916 | 16,913 | |
1 | Bank of New York Mellon | 5.224% | 11/21/25 | 13,060 | 13,012 | |
1 | Bank of New York Mellon Corp. | 3.650% | 2/4/24 | 17,582 | 17,319 | |
1 | Bank of New York Mellon Corp. | 0.500% | 4/26/24 | 12,709 | 12,028 | |
Bank of New York Mellon Corp. | 3.400% | 5/15/24 | 12,854 | 12,574 | ||
1 | Bank of New York Mellon Corp. | 3.250% | 9/11/24 | 11,032 | 10,708 | |
1 | Bank of New York Mellon Corp. | 2.100% | 10/24/24 | 21,703 | 20,655 | |
1 | Bank of New York Mellon Corp. | 3.000% | 2/24/25 | 20,780 | 19,930 | |
1 | Bank of New York Mellon Corp. | 1.600% | 4/24/25 | 28,718 | 26,618 | |
1 | Bank of New York Mellon Corp. | 3.950% | 11/18/25 | 12,182 | 11,817 | |
1 | Bank of New York Mellon Corp. | 0.750% | 1/28/26 | 2,916 | 2,586 | |
1 | Bank of New York Mellon Corp. | 2.800% | 5/4/26 | 22,457 | 20,963 | |
Bank of New York Mellon Corp. | 4.414% | 7/24/26 | 21,967 | 21,524 | ||
1 | Bank of New York Mellon Corp. | 2.450% | 8/17/26 | 18,939 | 17,377 | |
1 | Bank of New York Mellon Corp. | 1.050% | 10/15/26 | 2,270 | 1,973 | |
1 | Bank of New York Mellon Corp. | 2.050% | 1/26/27 | 8,406 | 7,540 | |
1 | Bank of New York Mellon Corp. | 3.250% | 5/16/27 | 25,850 | 24,223 | |
1 | Bank of New York Mellon Corp. | 3.442% | 2/7/28 | 36,978 | 34,769 | |
1 | Bank of New York Mellon Corp. | 3.992% | 6/13/28 | 3,880 | 3,718 | |
1 | Bank of New York Mellon Corp. | 5.802% | 10/25/28 | 26,615 | 27,263 | |
Bank of New York Mellon Corp. | 4.543% | 2/1/29 | 20,000 | 19,421 | ||
Bank of Nova Scotia | 3.400% | 2/11/24 | 28,609 | 28,047 | ||
Bank of Nova Scotia | 2.440% | 3/11/24 | 15,048 | 14,614 | ||
Bank of Nova Scotia | 0.700% | 4/15/24 | 16,391 | 15,553 | ||
Bank of Nova Scotia | 0.650% | 7/31/24 | 29,259 | 27,373 | ||
Bank of Nova Scotia | 5.250% | 12/6/24 | 24,131 | 24,072 | ||
Bank of Nova Scotia | 1.450% | 1/10/25 | 9,079 | 8,456 | ||
Bank of Nova Scotia | 2.200% | 2/3/25 | 27,842 | 26,248 | ||
1 | Bank of Nova Scotia | 3.450% | 4/11/25 | 37,790 | 36,334 | |
Bank of Nova Scotia | 1.300% | 6/11/25 | 36,518 | 33,353 | ||
Bank of Nova Scotia | 4.500% | 12/16/25 | 12,666 | 12,278 | ||
Bank of Nova Scotia | 1.050% | 3/2/26 | 14,238 | 12,546 | ||
Bank of Nova Scotia | 1.350% | 6/24/26 | 24,582 | 21,650 | ||
Bank of Nova Scotia | 2.700% | 8/3/26 | 33,484 | 30,728 | ||
Bank of Nova Scotia | 1.300% | 9/15/26 | 19,944 | 17,352 | ||
Bank of Nova Scotia | 1.950% | 2/2/27 | 12,320 | 10,970 | ||
Bank of Nova Scotia | 2.951% | 3/11/27 | 4,344 | 3,988 | ||
1,4 | Bank of Nova Scotia, 3M USD LIBOR + 2.648% | 7.454% | Perpetual | 3,800 | 3,699 | |
BankUnited Inc. | 4.875% | 11/17/25 | 9,496 | 9,277 | ||
1 | Barclays Bank plc | 3.750% | 5/15/24 | 15,123 | 14,792 | |
Barclays plc | 4.375% | 9/11/24 | 16,072 | 15,678 | ||
Barclays plc | 3.650% | 3/16/25 | 57,809 | 55,502 | ||
1 | Barclays plc | 3.932% | 5/7/25 | 44,894 | 43,713 | |
Barclays plc | 4.375% | 1/12/26 | 56,835 | 54,927 | ||
1 | Barclays plc | 2.852% | 5/7/26 | 48,660 | 45,584 | |
Barclays plc | 5.200% | 5/12/26 | 26,778 | 26,070 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Barclays plc | 5.304% | 8/9/26 | 20,215 | 19,824 | ||
Barclays plc | 7.325% | 11/2/26 | 14,830 | 15,337 | ||
Barclays plc | 2.279% | 11/24/27 | 15,363 | 13,525 | ||
Barclays plc | 5.501% | 8/9/28 | 56,184 | 55,033 | ||
Barclays plc | 7.385% | 11/2/28 | 46,770 | 49,179 | ||
Berkshire Hathaway Finance Corp. | 2.300% | 3/15/27 | 2,300 | 2,133 | ||
Berkshire Hathaway Inc. | 3.125% | 3/15/26 | 49,900 | 47,666 | ||
BGC Partners Inc. | 3.750% | 10/1/24 | 8,735 | 8,346 | ||
BlackRock Inc. | 3.500% | 3/18/24 | 15,651 | 15,386 | ||
BlackRock Inc. | 3.200% | 3/15/27 | 6,829 | 6,439 | ||
Blackstone Private Credit Fund | 2.350% | 11/22/24 | 23,529 | 21,953 | ||
Blackstone Private Credit Fund | 2.700% | 1/15/25 | 9,703 | 9,045 | ||
2 | Blackstone Private Credit Fund | 7.050% | 9/29/25 | 2,970 | 2,975 | |
Blackstone Private Credit Fund | 2.625% | 12/15/26 | 29,621 | 25,158 | ||
Blackstone Private Credit Fund | 3.250% | 3/15/27 | 40,385 | 34,770 | ||
Blackstone Secured Lending Fund | 3.625% | 1/15/26 | 16,944 | 15,548 | ||
Blackstone Secured Lending Fund | 2.750% | 9/16/26 | 19,383 | 16,880 | ||
Blackstone Secured Lending Fund | 2.125% | 2/15/27 | 18,355 | 15,449 | ||
1 | BNP Paribas SA | 4.250% | 10/15/24 | 12,587 | 12,296 | |
2 | BNP Paribas SA | 2.819% | 11/19/25 | 1,160 | 1,102 | |
BPCE SA | 4.000% | 4/15/24 | 31,032 | 30,543 | ||
1 | BPCE SA | 3.375% | 12/2/26 | 8,381 | 7,814 | |
Brighthouse Financial Inc. | 3.700% | 6/22/27 | 11,549 | 10,793 | ||
Brookfield Corp. | 4.000% | 1/15/25 | 12,545 | 12,244 | ||
Brookfield Finance Inc. | 4.000% | 4/1/24 | 18,083 | 17,793 | ||
Brookfield Finance Inc. | 4.250% | 6/2/26 | 10,572 | 10,180 | ||
Brookfield Finance Inc. | 3.900% | 1/25/28 | 14,668 | 13,660 | ||
Brown & Brown Inc. | 4.200% | 9/15/24 | 8,619 | 8,438 | ||
1 | Cadence Bank | 4.125% | 11/20/29 | 575 | 551 | |
Canadian Imperial Bank of Commerce | 3.100% | 4/2/24 | 20,404 | 19,900 | ||
Canadian Imperial Bank of Commerce | 1.000% | 10/18/24 | 7,828 | 7,293 | ||
Canadian Imperial Bank of Commerce | 2.250% | 1/28/25 | 17,201 | 16,245 | ||
Canadian Imperial Bank of Commerce | 3.300% | 4/7/25 | 18,685 | 17,913 | ||
Canadian Imperial Bank of Commerce | 3.945% | 8/4/25 | 33,812 | 32,752 | ||
Canadian Imperial Bank of Commerce | 0.950% | 10/23/25 | 1,859 | 1,665 | ||
Canadian Imperial Bank of Commerce | 1.250% | 6/22/26 | 26,628 | 23,385 | ||
Canadian Imperial Bank of Commerce | 3.450% | 4/7/27 | 20,615 | 19,318 | ||
Capital One Financial Corp. | 3.750% | 4/24/24 | 12,487 | 12,240 | ||
Capital One Financial Corp. | 3.300% | 10/30/24 | 31,205 | 30,133 | ||
Capital One Financial Corp. | 3.200% | 2/5/25 | 22,716 | 21,771 | ||
Capital One Financial Corp. | 4.250% | 4/30/25 | 10,137 | 9,872 | ||
Capital One Financial Corp. | 4.166% | 5/9/25 | 19,552 | 19,112 | ||
Capital One Financial Corp. | 4.200% | 10/29/25 | 25,747 | 24,869 | ||
Capital One Financial Corp. | 2.636% | 3/3/26 | 26,926 | 25,325 | ||
Capital One Financial Corp. | 4.985% | 7/24/26 | 6,315 | 6,216 | ||
Capital One Financial Corp. | 3.750% | 7/28/26 | 27,385 | 25,737 | ||
Capital One Financial Corp. | 3.750% | 3/9/27 | 45,250 | 42,446 | ||
Capital One Financial Corp. | 3.650% | 5/11/27 | 36,827 | 34,320 | ||
Capital One Financial Corp. | 1.878% | 11/2/27 | 27,459 | 23,999 | ||
Capital One Financial Corp. | 4.927% | 5/10/28 | 31,555 | 30,525 | ||
Capital One Financial Corp. | 5.468% | 2/1/29 | 25,000 | 24,529 | ||
1 | Capital One NA | 2.280% | 1/28/26 | 2,361 | 2,213 | |
Cboe Global Markets Inc. | 3.650% | 1/12/27 | 13,653 | 13,049 | ||
Charles Schwab Corp. | 0.750% | 3/18/24 | 42,367 | 40,416 | ||
Charles Schwab Corp. | 3.750% | 4/1/24 | 13,832 | 13,585 | ||
Charles Schwab Corp. | 3.000% | 3/10/25 | 9,710 | 9,292 | ||
Charles Schwab Corp. | 4.200% | 3/24/25 | 8,261 | 8,117 | ||
Charles Schwab Corp. | 3.625% | 4/1/25 | 11,740 | 11,369 | ||
Charles Schwab Corp. | 3.850% | 5/21/25 | 22,362 | 21,738 | ||
Charles Schwab Corp. | 3.450% | 2/13/26 | 12,000 | 11,481 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Charles Schwab Corp. | 0.900% | 3/11/26 | 8,673 | 7,651 | ||
Charles Schwab Corp. | 1.150% | 5/13/26 | 28,790 | 25,430 | ||
Charles Schwab Corp. | 3.200% | 3/2/27 | 16,954 | 15,881 | ||
Charles Schwab Corp. | 2.450% | 3/3/27 | 33,131 | 30,063 | ||
Charles Schwab Corp. | 3.300% | 4/1/27 | 13,019 | 12,246 | ||
Charles Schwab Corp. | 3.200% | 1/25/28 | 9,869 | 9,139 | ||
Chubb INA Holdings Inc. | 3.350% | 5/15/24 | 24,448 | 23,895 | ||
Chubb INA Holdings Inc. | 3.150% | 3/15/25 | 24,038 | 23,087 | ||
Chubb INA Holdings Inc. | 3.350% | 5/3/26 | 35,398 | 33,725 | ||
Citigroup Inc. | 3.750% | 6/16/24 | 21,423 | 20,987 | ||
Citigroup Inc. | 4.000% | 8/5/24 | 7,127 | 7,008 | ||
Citigroup Inc. | 3.875% | 3/26/25 | 41,314 | 39,971 | ||
1 | Citigroup Inc. | 3.352% | 4/24/25 | 72,274 | 70,331 | |
Citigroup Inc. | 3.300% | 4/27/25 | 17,341 | 16,602 | ||
Citigroup Inc. | 0.981% | 5/1/25 | 15,737 | 14,867 | ||
Citigroup Inc. | 4.140% | 5/24/25 | 29,243 | 28,714 | ||
Citigroup Inc. | 4.400% | 6/10/25 | 67,097 | 65,646 | ||
Citigroup Inc. | 5.500% | 9/13/25 | 46,636 | 46,857 | ||
Citigroup Inc. | 1.281% | 11/3/25 | 29,147 | 27,058 | ||
Citigroup Inc. | 3.700% | 1/12/26 | 38,357 | 36,803 | ||
Citigroup Inc. | 2.014% | 1/25/26 | 53,653 | 50,073 | ||
Citigroup Inc. | 4.600% | 3/9/26 | 38,980 | 37,959 | ||
1 | Citigroup Inc. | 3.106% | 4/8/26 | 64,191 | 60,948 | |
Citigroup Inc. | 3.400% | 5/1/26 | 40,499 | 38,247 | ||
Citigroup Inc. | 5.610% | 9/29/26 | 58,179 | 58,157 | ||
Citigroup Inc. | 3.200% | 10/21/26 | 89,637 | 83,399 | ||
Citigroup Inc. | 4.300% | 11/20/26 | 5,159 | 4,945 | ||
Citigroup Inc. | 1.122% | 1/28/27 | 42,811 | 37,991 | ||
Citigroup Inc. | 1.462% | 6/9/27 | 26,910 | 23,522 | ||
Citigroup Inc. | 4.450% | 9/29/27 | 62,206 | 59,451 | ||
1 | Citigroup Inc. | 3.887% | 1/10/28 | 56,427 | 53,078 | |
1 | Citigroup Inc. | 3.070% | 2/24/28 | 97,828 | 88,862 | |
Citigroup Inc. | 4.658% | 5/24/28 | 57,962 | 56,098 | ||
1 | Citigroup Inc. | 3.668% | 7/24/28 | 53,995 | 50,014 | |
1 | Citigroup Inc. | 3.520% | 10/27/28 | 14,194 | 13,006 | |
1 | Citizens Bank NA | 2.250% | 4/28/25 | 4,846 | 4,526 | |
Citizens Bank NA | 4.119% | 5/23/25 | 9,851 | 9,613 | ||
Citizens Bank NA | 6.064% | 10/24/25 | 17,235 | 17,341 | ||
1 | Citizens Bank NA | 3.750% | 2/18/26 | 17,197 | 16,434 | |
Citizens Bank NA | 4.575% | 8/9/28 | 14,845 | 14,378 | ||
Citizens Financial Group Inc. | 4.300% | 12/3/25 | 5,052 | 4,899 | ||
Citizens Financial Group Inc. | 2.850% | 7/27/26 | 15,848 | 14,683 | ||
Citizens Financial Group Inc. | 4.300% | 2/11/31 | 2,336 | 2,157 | ||
CME Group Inc. | 3.000% | 3/15/25 | 16,624 | 16,020 | ||
CNA Financial Corp. | 3.950% | 5/15/24 | 12,935 | 12,704 | ||
CNA Financial Corp. | 4.500% | 3/1/26 | 9,802 | 9,584 | ||
CNA Financial Corp. | 3.450% | 8/15/27 | 9,128 | 8,460 | ||
CNO Financial Group Inc. | 5.250% | 5/30/25 | 15,258 | 15,086 | ||
1 | Comerica Bank | 2.500% | 7/23/24 | 18,149 | 17,395 | |
1 | Comerica Bank | 4.000% | 7/27/25 | 1,495 | 1,439 | |
Commonwealth Bank of Australia | 5.079% | 1/10/25 | 23,880 | 23,843 | ||
Cooperatieve Rabobank UA | 3.875% | 8/22/24 | 25,030 | 24,542 | ||
Cooperatieve Rabobank UA | 1.375% | 1/10/25 | 24,671 | 23,016 | ||
1 | Cooperatieve Rabobank UA | 3.375% | 5/21/25 | 34,896 | 33,536 | |
Cooperatieve Rabobank UA | 4.375% | 8/4/25 | 17,708 | 17,169 | ||
1 | Cooperatieve Rabobank UA | 3.750% | 7/21/26 | 35,131 | 32,986 | |
2 | Corebridge Financial Inc. | 3.650% | 4/5/27 | 50,024 | 46,688 | |
2 | Corebridge Financial Inc. | 6.875% | 12/15/52 | 19,125 | 18,842 | |
Credit Suisse AG | 4.750% | 8/9/24 | 28,650 | 27,594 | ||
1 | Credit Suisse AG | 3.625% | 9/9/24 | 88,880 | 83,971 | |
Credit Suisse AG | 7.950% | 1/9/25 | 5,075 | 5,121 | ||
1 | Credit Suisse AG | 3.700% | 2/21/25 | 9,141 | 8,531 | |
Credit Suisse AG | 2.950% | 4/9/25 | 20,877 | 19,020 | ||
Credit Suisse AG | 1.250% | 8/7/26 | 15,498 | 12,681 | ||
Credit Suisse AG | 5.000% | 7/9/27 | 15,127 | 13,863 | ||
Credit Suisse AG | 7.500% | 2/15/28 | 27,890 | 28,143 | ||
Credit Suisse Group AG | 3.750% | 3/26/25 | 58,693 | 53,868 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Credit Suisse Group AG | 4.550% | 4/17/26 | 55,377 | 49,479 | ||
Deutsche Bank AG | 0.898% | 5/28/24 | 9,358 | 8,813 | ||
1 | Deutsche Bank AG | 3.700% | 5/30/24 | 33,797 | 32,907 | |
Deutsche Bank AG | 3.700% | 5/30/24 | 13,321 | 13,007 | ||
Deutsche Bank AG | 1.447% | 4/1/25 | 13,791 | 13,040 | ||
Deutsche Bank AG | 4.500% | 4/1/25 | 39,057 | 37,775 | ||
1 | Deutsche Bank AG | 3.961% | 11/26/25 | 24,363 | 23,381 | |
Deutsche Bank AG | 4.100% | 1/13/26 | 4,323 | 4,165 | ||
1 | Deutsche Bank AG | 4.100% | 1/13/26 | 24,697 | 23,649 | |
Deutsche Bank AG | 1.686% | 3/19/26 | 17,376 | 15,594 | ||
Deutsche Bank AG | 6.119% | 7/14/26 | 30,853 | 30,827 | ||
Deutsche Bank AG | 2.129% | 11/24/26 | 35,758 | 32,063 | ||
Deutsche Bank AG | 5.371% | 9/9/27 | 6,540 | 6,481 | ||
Deutsche Bank AG | 2.311% | 11/16/27 | 40,728 | 35,393 | ||
Deutsche Bank AG | 2.552% | 1/7/28 | 26,324 | 22,908 | ||
Deutsche Bank AG | 6.720% | 1/18/29 | 28,720 | 29,021 | ||
Deutsche Bank AG | 4.875% | 12/1/32 | 16,168 | 14,305 | ||
Discover Bank | 2.450% | 9/12/24 | 17,266 | 16,420 | ||
1 | Discover Bank | 4.250% | 3/13/26 | 3,222 | 3,092 | |
1 | Discover Bank | 3.450% | 7/27/26 | 23,906 | 22,251 | |
Discover Financial Services | 3.950% | 11/6/24 | 11,827 | 11,515 | ||
Discover Financial Services | 3.750% | 3/4/25 | 1,929 | 1,857 | ||
Discover Financial Services | 4.500% | 1/30/26 | 23,235 | 22,493 | ||
Discover Financial Services | 4.100% | 2/9/27 | 13,387 | 12,685 | ||
Eaton Vance Corp. | 3.500% | 4/6/27 | 2,520 | 2,368 | ||
2 | F&G Annuities & Life Inc. | 7.400% | 1/13/28 | 10,220 | 10,224 | |
Fifth Third Bancorp | 2.375% | 1/28/25 | 7,056 | 6,664 | ||
Fifth Third Bancorp | 2.550% | 5/5/27 | 24,106 | 21,846 | ||
Fifth Third Bancorp | 1.707% | 11/1/27 | 15,954 | 14,128 | ||
Fifth Third Bancorp | 4.055% | 4/25/28 | 2,130 | 2,029 | ||
Fifth Third Bancorp | 6.361% | 10/27/28 | 28,387 | 29,246 | ||
1 | Fifth Third Bank NA | 3.950% | 7/28/25 | 6,212 | 6,046 | |
Fifth Third Bank NA | 5.852% | 10/27/25 | 18,299 | 18,394 | ||
1 | Fifth Third Bank NA | 3.850% | 3/15/26 | 7,340 | 6,941 | |
1 | Fifth Third Bank NA | 2.250% | 2/1/27 | 7,475 | 6,730 | |
First American Financial Corp. | 4.600% | 11/15/24 | 6,594 | 6,507 | ||
First Horizon Corp. | 4.000% | 5/26/25 | 12,976 | 12,554 | ||
1 | First-Citizens Bank & Trust Co. | 2.969% | 9/27/25 | 7,719 | 7,332 | |
Franklin BSP Lending Corp. | 3.250% | 3/30/26 | 5,898 | 5,229 | ||
Franklin Resources Inc. | 2.850% | 3/30/25 | 10,309 | 9,791 | ||
FS KKR Capital Corp. | 4.625% | 7/15/24 | 11,163 | 10,920 | ||
FS KKR Capital Corp. | 4.125% | 2/1/25 | 2,521 | 2,407 | ||
FS KKR Capital Corp. | 3.400% | 1/15/26 | 36,116 | 32,716 | ||
FS KKR Capital Corp. | 2.625% | 1/15/27 | 7,049 | 5,967 | ||
GATX Corp. | 3.250% | 3/30/25 | 2,741 | 2,605 | ||
GATX Corp. | 3.250% | 9/15/26 | 10,805 | 10,009 | ||
GATX Corp. | 3.850% | 3/30/27 | 5,466 | 5,127 | ||
GE Capital Funding LLC | 3.450% | 5/15/25 | 27,303 | 26,166 | ||
Global Payments Inc. | 1.500% | 11/15/24 | 16,317 | 15,188 | ||
Global Payments Inc. | 2.650% | 2/15/25 | 16,038 | 15,134 | ||
Global Payments Inc. | 1.200% | 3/1/26 | 27,596 | 24,134 | ||
Global Payments Inc. | 4.800% | 4/1/26 | 20,483 | 19,938 | ||
Global Payments Inc. | 2.150% | 1/15/27 | 6,563 | 5,754 | ||
Global Payments Inc. | 4.950% | 8/15/27 | 5,210 | 5,043 | ||
Goldman Sachs BDC Inc. | 3.750% | 2/10/25 | 7,607 | 7,328 | ||
Goldman Sachs BDC Inc. | 2.875% | 1/15/26 | 5,965 | 5,500 | ||
Goldman Sachs Group Inc. | 4.000% | 3/3/24 | 44,950 | 44,282 | ||
Goldman Sachs Group Inc. | 3.000% | 3/15/24 | 35,500 | 34,582 | ||
1 | Goldman Sachs Group Inc. | 3.850% | 7/8/24 | 38,851 | 38,031 | |
Goldman Sachs Group Inc. | 5.700% | 11/1/24 | 2,885 | 2,903 | ||
Goldman Sachs Group Inc. | 3.500% | 1/23/25 | 66,623 | 64,382 | ||
Goldman Sachs Group Inc. | 1.757% | 1/24/25 | 39,682 | 38,185 | ||
Goldman Sachs Group Inc. | 3.500% | 4/1/25 | 100,551 | 96,812 | ||
Goldman Sachs Group Inc. | 3.750% | 5/22/25 | 47,098 | 45,524 | ||
1 | Goldman Sachs Group Inc. | 3.272% | 9/29/25 | 34,716 | 33,373 | |
Goldman Sachs Group Inc. | 4.250% | 10/21/25 | 56,682 | 54,932 | ||
Goldman Sachs Group Inc. | 0.855% | 2/12/26 | 19,005 | 17,242 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Goldman Sachs Group Inc. | 3.750% | 2/25/26 | 56,171 | 53,678 | ||
Goldman Sachs Group Inc. | 3.500% | 11/16/26 | 58,363 | 54,788 | ||
1 | Goldman Sachs Group Inc. | 1.093% | 12/9/26 | 21,773 | 19,168 | |
Goldman Sachs Group Inc. | 5.950% | 1/15/27 | 21,956 | 22,347 | ||
Goldman Sachs Group Inc. | 3.850% | 1/26/27 | 60,923 | 57,688 | ||
Goldman Sachs Group Inc. | 1.431% | 3/9/27 | 51,390 | 45,297 | ||
Goldman Sachs Group Inc. | 4.387% | 6/15/27 | 23,262 | 22,448 | ||
Goldman Sachs Group Inc. | 1.542% | 9/10/27 | 43,043 | 37,372 | ||
Goldman Sachs Group Inc. | 1.948% | 10/21/27 | 82,624 | 72,326 | ||
Goldman Sachs Group Inc. | 2.640% | 2/24/28 | 101,560 | 90,786 | ||
Goldman Sachs Group Inc. | 3.615% | 3/15/28 | 60,044 | 55,759 | ||
1 | Goldman Sachs Group Inc. | 3.691% | 6/5/28 | 39,332 | 36,544 | |
Goldman Sachs Group Inc. | 4.482% | 8/23/28 | 58,358 | 55,941 | ||
Golub Capital BDC Inc. | 3.375% | 4/15/24 | 15,091 | 14,586 | ||
Golub Capital BDC Inc. | 2.500% | 8/24/26 | 15,519 | 13,428 | ||
Golub Capital BDC Inc. | 2.050% | 2/15/27 | 6,787 | 5,681 | ||
Hanover Insurance Group Inc. | 4.500% | 4/15/26 | 9,586 | 9,299 | ||
Hercules Capital Inc. | 2.625% | 9/16/26 | 1,283 | 1,125 | ||
HSBC Holdings plc | 4.250% | 3/14/24 | 55,004 | 54,176 | ||
1 | HSBC Holdings plc | 3.803% | 3/11/25 | 49,452 | 48,411 | |
HSBC Holdings plc | 0.976% | 5/24/25 | 51,375 | 48,325 | ||
HSBC Holdings plc | 4.250% | 8/18/25 | 27,706 | 26,800 | ||
1 | HSBC Holdings plc | 2.633% | 11/7/25 | 45,974 | 43,543 | |
HSBC Holdings plc | 4.180% | 12/9/25 | 18,857 | 18,356 | ||
HSBC Holdings plc | 4.300% | 3/8/26 | 65,434 | 63,271 | ||
HSBC Holdings plc | 2.999% | 3/10/26 | 46,280 | 43,771 | ||
1 | HSBC Holdings plc | 1.645% | 4/18/26 | 55,056 | 50,479 | |
HSBC Holdings plc | 3.900% | 5/25/26 | 48,880 | 46,608 | ||
1 | HSBC Holdings plc | 2.099% | 6/4/26 | 59,351 | 54,693 | |
1 | HSBC Holdings plc | 4.292% | 9/12/26 | 70,604 | 67,990 | |
HSBC Holdings plc | 7.336% | 11/3/26 | 29,829 | 31,047 | ||
HSBC Holdings plc | 4.375% | 11/23/26 | 46,814 | 45,028 | ||
HSBC Holdings plc | 1.589% | 5/24/27 | 20,100 | 17,588 | ||
HSBC Holdings plc | 2.251% | 11/22/27 | 60,794 | 53,494 | ||
1 | HSBC Holdings plc | 4.041% | 3/13/28 | 61,244 | 57,185 | |
HSBC Holdings plc | 4.755% | 6/9/28 | 45,295 | 43,416 | ||
HSBC Holdings plc | 5.210% | 8/11/28 | 31,135 | 30,441 | ||
HSBC Holdings plc | 7.390% | 11/3/28 | 61,388 | 64,839 | ||
HSBC USA Inc. | 3.750% | 5/24/24 | 3,677 | 3,601 | ||
HSBC USA Inc. | 3.500% | 6/23/24 | 18,313 | 17,845 | ||
Huntington Bancshares Inc. | 2.625% | 8/6/24 | 19,909 | 19,150 | ||
Huntington Bancshares Inc. | 4.000% | 5/15/25 | 8,658 | 8,411 | ||
Huntington Bancshares Inc. | 4.443% | 8/4/28 | 21,545 | 20,607 | ||
Huntington National Bank | 4.008% | 5/16/25 | 10,959 | 10,748 | ||
Huntington National Bank | 5.699% | 11/18/25 | 20,030 | 20,066 | ||
Huntington National Bank | 4.552% | 5/17/28 | 14,565 | 14,088 | ||
ING Groep NV | 3.550% | 4/9/24 | 17,844 | 17,455 | ||
ING Groep NV | 3.869% | 3/28/26 | 23,743 | 22,865 | ||
ING Groep NV | 3.950% | 3/29/27 | 41,886 | 39,683 | ||
ING Groep NV | 1.726% | 4/1/27 | 14,823 | 13,160 | ||
ING Groep NV | 4.017% | 3/28/28 | 16,250 | 15,267 | ||
Intercontinental Exchange Inc. | 3.650% | 5/23/25 | 35,480 | 34,584 | ||
Intercontinental Exchange Inc. | 3.750% | 12/1/25 | 32,859 | 31,658 | ||
Intercontinental Exchange Inc. | 3.100% | 9/15/27 | 10,000 | 9,276 | ||
Intercontinental Exchange Inc. | 4.000% | 9/15/27 | 38,111 | 37,035 | ||
Invesco Finance plc | 3.750% | 1/15/26 | 7,803 | 7,531 | ||
Janus Henderson US Holdings Inc. | 4.875% | 8/1/25 | 2,024 | 1,995 | ||
Jefferies Financial Group Inc. | 4.850% | 1/15/27 | 4,003 | 3,926 | ||
Jefferies Financial Group Inc. | 6.450% | 6/8/27 | 6,629 | 6,869 | ||
JPMorgan Chase & Co. | 3.875% | 2/1/24 | 9,120 | 8,980 | ||
JPMorgan Chase & Co. | 3.625% | 5/13/24 | 23,884 | 23,454 | ||
JPMorgan Chase & Co. | 3.875% | 9/10/24 | 62,357 | 60,837 | ||
JPMorgan Chase & Co. | 3.125% | 1/23/25 | 51,548 | 49,681 | ||
1 | JPMorgan Chase & Co. | 3.220% | 3/1/25 | 51,375 | 50,140 | |
JPMorgan Chase & Co. | 0.824% | 6/1/25 | 42,846 | 40,196 | ||
JPMorgan Chase & Co. | 3.845% | 6/14/25 | 7,012 | 6,853 | ||
JPMorgan Chase & Co. | 0.969% | 6/23/25 | 59,560 | 55,933 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
JPMorgan Chase & Co. | 3.900% | 7/15/25 | 33,175 | 32,226 | ||
JPMorgan Chase & Co. | 7.750% | 7/15/25 | 719 | 757 | ||
JPMorgan Chase & Co. | 0.768% | 8/9/25 | 7,197 | 6,685 | ||
1 | JPMorgan Chase & Co. | 2.301% | 10/15/25 | 28,424 | 26,905 | |
JPMorgan Chase & Co. | 1.561% | 12/10/25 | 62,364 | 57,957 | ||
JPMorgan Chase & Co. | 5.546% | 12/15/25 | 65,788 | 65,732 | ||
JPMorgan Chase & Co. | 2.595% | 2/24/26 | 19,093 | 18,043 | ||
1 | JPMorgan Chase & Co. | 2.005% | 3/13/26 | 76,285 | 70,978 | |
JPMorgan Chase & Co. | 3.300% | 4/1/26 | 48,582 | 45,969 | ||
1 | JPMorgan Chase & Co. | 2.083% | 4/22/26 | 77,573 | 72,062 | |
JPMorgan Chase & Co. | 4.080% | 4/26/26 | 36,740 | 35,707 | ||
JPMorgan Chase & Co. | 3.200% | 6/15/26 | 34,947 | 32,907 | ||
JPMorgan Chase & Co. | 2.950% | 10/1/26 | 68,328 | 63,577 | ||
JPMorgan Chase & Co. | 7.625% | 10/15/26 | 15,683 | 16,913 | ||
JPMorgan Chase & Co. | 1.045% | 11/19/26 | 56,937 | 50,438 | ||
JPMorgan Chase & Co. | 4.125% | 12/15/26 | 50,183 | 48,278 | ||
1 | JPMorgan Chase & Co. | 3.960% | 1/29/27 | 26,678 | 25,495 | |
JPMorgan Chase & Co. | 1.040% | 2/4/27 | 25,745 | 22,611 | ||
JPMorgan Chase & Co. | 1.578% | 4/22/27 | 112,932 | 99,883 | ||
JPMorgan Chase & Co. | 8.000% | 4/29/27 | 25,319 | 28,354 | ||
JPMorgan Chase & Co. | 1.470% | 9/22/27 | 54,654 | 47,386 | ||
1 | JPMorgan Chase & Co. | 3.782% | 2/1/28 | 62,241 | 58,490 | |
JPMorgan Chase & Co. | 2.947% | 2/24/28 | 34,353 | 31,166 | ||
JPMorgan Chase & Co. | 4.323% | 4/26/28 | 57,320 | 54,773 | ||
1 | JPMorgan Chase & Co. | 3.540% | 5/1/28 | 78,519 | 72,781 | |
1 | JPMorgan Chase & Co. | 2.182% | 6/1/28 | 3,335 | 2,919 | |
JPMorgan Chase & Co. | 4.851% | 7/25/28 | 104,800 | 102,429 | ||
1 | JPMorgan Chase & Co. | 3.509% | 1/23/29 | 32,600 | 29,812 | |
Kemper Corp. | 4.350% | 2/15/25 | 9,173 | 8,947 | ||
1 | KeyBank NA | 3.300% | 6/1/25 | 10,757 | 10,303 | |
1 | KeyBank NA | 4.150% | 8/8/25 | 23,370 | 22,791 | |
KeyBank NA | 4.700% | 1/26/26 | 3,000 | 2,956 | ||
1 | KeyBank NA | 3.400% | 5/20/26 | 26,830 | 25,077 | |
1 | KeyBank NA | 5.850% | 11/15/27 | 20,478 | 20,954 | |
1 | KeyCorp | 3.878% | 5/23/25 | 20,199 | 19,756 | |
1 | KeyCorp | 4.150% | 10/29/25 | 8,772 | 8,539 | |
1 | KeyCorp | 2.250% | 4/6/27 | 24,669 | 21,959 | |
Lazard Group LLC | 3.750% | 2/13/25 | 14,579 | 14,069 | ||
Lazard Group LLC | 3.625% | 3/1/27 | 11,304 | 10,553 | ||
Legg Mason Inc. | 4.750% | 3/15/26 | 2,043 | 2,018 | ||
Lincoln National Corp. | 3.350% | 3/9/25 | 5,387 | 5,159 | ||
Lincoln National Corp. | 3.625% | 12/12/26 | 4,919 | 4,637 | ||
Lloyds Bank plc | 3.500% | 5/14/25 | 2,919 | 2,796 | ||
Lloyds Banking Group plc | 3.900% | 3/12/24 | 27,194 | 26,729 | ||
Lloyds Banking Group plc | 4.500% | 11/4/24 | 31,859 | 31,196 | ||
Lloyds Banking Group plc | 4.450% | 5/8/25 | 18,068 | 17,630 | ||
1 | Lloyds Banking Group plc | 3.870% | 7/9/25 | 60,100 | 58,532 | |
Lloyds Banking Group plc | 4.582% | 12/10/25 | 36,762 | 35,365 | ||
1 | Lloyds Banking Group plc | 2.438% | 2/5/26 | 31,001 | 29,054 | |
Lloyds Banking Group plc | 3.511% | 3/18/26 | 10,905 | 10,415 | ||
Lloyds Banking Group plc | 4.650% | 3/24/26 | 9,412 | 9,072 | ||
Lloyds Banking Group plc | 4.716% | 8/11/26 | 22,459 | 21,899 | ||
Lloyds Banking Group plc | 3.750% | 1/11/27 | 24,341 | 22,748 | ||
Lloyds Banking Group plc | 1.627% | 5/11/27 | 2,539 | 2,225 | ||
Lloyds Banking Group plc | 3.750% | 3/18/28 | 27,255 | 25,253 | ||
1 | Lloyds Banking Group plc | 3.574% | 11/7/28 | 27,895 | 25,325 | |
Loews Corp. | 3.750% | 4/1/26 | 11,220 | 10,789 | ||
M&T Bank Corp. | 4.000% | 7/15/24 | 5,688 | 5,580 | ||
M&T Bank Corp. | 4.553% | 8/16/28 | 6,250 | 6,084 | ||
Main Street Capital Corp. | 5.200% | 5/1/24 | 11,135 | 10,994 | ||
Main Street Capital Corp. | 3.000% | 7/14/26 | 12,746 | 11,248 | ||
1 | Manufacturers & Traders Trust Co. | 2.900% | 2/6/25 | 9,100 | 8,678 | |
Manufacturers & Traders Trust Co. | 5.400% | 11/21/25 | 11,346 | 11,354 | ||
Manufacturers & Traders Trust Co. | 4.650% | 1/27/26 | 17,570 | 17,232 | ||
1 | Manufacturers & Traders Trust Co. | 3.400% | 8/17/27 | 13,885 | 12,775 | |
Manufacturers & Traders Trust Co. | 4.700% | 1/27/28 | 23,829 | 23,144 | ||
Manulife Financial Corp. | 4.150% | 3/4/26 | 26,230 | 25,501 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Manulife Financial Corp. | 2.484% | 5/19/27 | 13,475 | 12,218 | ||
1 | Manulife Financial Corp. | 4.061% | 2/24/32 | 11,917 | 11,051 | |
Markel Corp. | 3.500% | 11/1/27 | 5,844 | 5,435 | ||
Marsh & McLennan Cos. Inc. | 3.875% | 3/15/24 | 20,899 | 20,562 | ||
Marsh & McLennan Cos. Inc. | 3.500% | 6/3/24 | 13,890 | 13,565 | ||
Marsh & McLennan Cos. Inc. | 3.500% | 3/10/25 | 15,412 | 14,854 | ||
Marsh & McLennan Cos. Inc. | 3.750% | 3/14/26 | 19,128 | 18,356 | ||
Mastercard Inc. | 3.375% | 4/1/24 | 22,038 | 21,633 | ||
Mastercard Inc. | 2.000% | 3/3/25 | 16,996 | 16,032 | ||
Mastercard Inc. | 2.950% | 11/21/26 | 13,421 | 12,551 | ||
Mastercard Inc. | 3.300% | 3/26/27 | 37,104 | 35,105 | ||
Mercury General Corp. | 4.400% | 3/15/27 | 9,475 | 9,046 | ||
MetLife Inc. | 3.600% | 4/10/24 | 7,080 | 6,943 | ||
MetLife Inc. | 3.000% | 3/1/25 | 18,354 | 17,597 | ||
MetLife Inc. | 3.600% | 11/13/25 | 10,522 | 10,130 | ||
Mitsubishi UFJ Financial Group Inc. | 3.407% | 3/7/24 | 41,663 | 40,785 | ||
Mitsubishi UFJ Financial Group Inc. | 2.801% | 7/18/24 | 33,439 | 32,216 | ||
Mitsubishi UFJ Financial Group Inc. | 2.193% | 2/25/25 | 74,319 | 69,646 | ||
Mitsubishi UFJ Financial Group Inc. | 3.777% | 3/2/25 | 2,521 | 2,448 | ||
Mitsubishi UFJ Financial Group Inc. | 1.412% | 7/17/25 | 41,670 | 37,873 | ||
Mitsubishi UFJ Financial Group Inc. | 4.788% | 7/18/25 | 11,988 | 11,829 | ||
Mitsubishi UFJ Financial Group Inc. | 0.953% | 7/19/25 | 52,481 | 49,010 | ||
Mitsubishi UFJ Financial Group Inc. | 5.063% | 9/12/25 | 27,674 | 27,393 | ||
Mitsubishi UFJ Financial Group Inc. | 0.962% | 10/11/25 | 3,456 | 3,191 | ||
Mitsubishi UFJ Financial Group Inc. | 5.719% | 2/20/26 | 8,900 | 8,888 | ||
Mitsubishi UFJ Financial Group Inc. | 3.850% | 3/1/26 | 26,321 | 25,146 | ||
Mitsubishi UFJ Financial Group Inc. | 3.837% | 4/17/26 | 1,806 | �� 1,737 | ||
Mitsubishi UFJ Financial Group Inc. | 2.757% | 9/13/26 | 4,209 | 3,863 | ||
Mitsubishi UFJ Financial Group Inc. | 3.677% | 2/22/27 | 20,614 | 19,661 | ||
Mitsubishi UFJ Financial Group Inc. | 1.538% | 7/20/27 | 89,010 | 77,822 | ||
Mitsubishi UFJ Financial Group Inc. | 3.287% | 7/25/27 | 20,137 | 18,660 | ||
Mitsubishi UFJ Financial Group Inc. | 1.640% | 10/13/27 | 20,427 | 17,736 | ||
Mitsubishi UFJ Financial Group Inc. | 2.341% | 1/19/28 | 37,466 | 33,218 | ||
Mitsubishi UFJ Financial Group Inc. | 4.080% | 4/19/28 | 3,191 | 3,020 | ||
Mitsubishi UFJ Financial Group Inc. | 5.017% | 7/20/28 | 44,678 | 43,745 | ||
Mitsubishi UFJ Financial Group Inc. | 5.354% | 9/13/28 | 23,315 | 23,125 | ||
Mitsubishi UFJ Financial Group Inc. | 5.422% | 2/22/29 | 18,900 | 18,768 | ||
1 | Mizuho Financial Group Inc. | 2.839% | 7/16/25 | 25,112 | 24,027 | |
1 | Mizuho Financial Group Inc. | 2.555% | 9/13/25 | 12,899 | 12,232 | |
Mizuho Financial Group Inc. | 2.651% | 5/22/26 | 12,866 | 12,002 | ||
1 | Mizuho Financial Group Inc. | 2.226% | 5/25/26 | 19,334 | 17,859 | |
Mizuho Financial Group Inc. | 2.839% | 9/13/26 | 13,853 | 12,693 | ||
Mizuho Financial Group Inc. | 3.663% | 2/28/27 | 8,008 | 7,508 | ||
Mizuho Financial Group Inc. | 1.234% | 5/22/27 | 38,032 | 32,968 | ||
Mizuho Financial Group Inc. | 1.554% | 7/9/27 | 3,219 | 2,804 | ||
Mizuho Financial Group Inc. | 5.414% | 9/13/28 | 33,266 | 33,131 | ||
1 | Morgan Stanley | 3.875% | 4/29/24 | 70,432 | 69,342 | |
1 | Morgan Stanley | 3.700% | 10/23/24 | 61,040 | 59,464 | |
Morgan Stanley | 3.620% | 4/17/25 | 21,764 | 21,263 | ||
Morgan Stanley | 0.790% | 5/30/25 | 84,586 | 79,222 | ||
1 | Morgan Stanley | 2.720% | 7/22/25 | 55,003 | 52,740 | |
1 | Morgan Stanley | 4.000% | 7/23/25 | 70,651 | 68,836 | |
1 | Morgan Stanley | 0.864% | 10/21/25 | 34,823 | 32,091 | |
1 | Morgan Stanley | 1.164% | 10/21/25 | 27,750 | 25,698 | |
Morgan Stanley | 5.000% | 11/24/25 | 41,076 | 40,648 | ||
1 | Morgan Stanley | 3.875% | 1/27/26 | 74,221 | 71,431 | |
1 | Morgan Stanley | 2.630% | 2/18/26 | 15,348 | 14,479 | |
1 | Morgan Stanley | 2.188% | 4/28/26 | 42,186 | 39,288 | |
Morgan Stanley | 4.679% | 7/17/26 | 26,903 | 26,383 | ||
1 | Morgan Stanley | 3.125% | 7/27/26 | 85,251 | 79,363 | |
1 | Morgan Stanley | 6.250% | 8/9/26 | 12,145 | 12,493 | |
1 | Morgan Stanley | 4.350% | 9/8/26 | 59,902 | 57,615 | |
Morgan Stanley | 6.138% | 10/16/26 | 3,925 | 3,991 | ||
Morgan Stanley | 0.985% | 12/10/26 | 46,455 | 40,826 | ||
Morgan Stanley | 3.625% | 1/20/27 | 72,716 | 68,777 | ||
Morgan Stanley | 5.050% | 1/28/27 | 20,540 | 20,322 | ||
Morgan Stanley | 3.950% | 4/23/27 | 49,880 | 47,143 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Morgan Stanley | 1.593% | 5/4/27 | 88,266 | 77,950 | ||
1 | Morgan Stanley | 1.512% | 7/20/27 | 75,363 | 65,780 | |
Morgan Stanley | 2.475% | 1/21/28 | 27,996 | 24,961 | ||
Morgan Stanley | 4.210% | 4/20/28 | 48,850 | 46,439 | ||
1 | Morgan Stanley | 3.591% | 7/22/28 | 35,065 | 32,432 | |
Morgan Stanley | 6.296% | 10/18/28 | 51,829 | 53,306 | ||
1 | Morgan Stanley | 3.772% | 1/24/29 | 29,262 | 27,047 | |
Morgan Stanley | 5.123% | 2/1/29 | 57,210 | 56,205 | ||
Morgan Stanley Direct Lending Fund | 4.500% | 2/11/27 | 1,761 | 1,656 | ||
Morgan Stanley Domestic Holdings Inc. | 3.800% | 8/24/27 | 5,945 | 5,591 | ||
Nasdaq Inc. | 3.850% | 6/30/26 | 13,130 | 12,572 | ||
National Australia Bank Ltd. | 5.132% | 11/22/24 | 22,486 | 22,476 | ||
National Australia Bank Ltd. | 4.966% | 1/12/26 | 22,804 | 22,703 | ||
National Australia Bank Ltd. | 3.375% | 1/14/26 | 20,832 | 19,824 | ||
1 | National Australia Bank Ltd. | 2.500% | 7/12/26 | 26,615 | 24,431 | |
National Australia Bank Ltd. | 3.905% | 6/9/27 | 11,864 | 11,339 | ||
National Australia Bank Ltd. | 4.944% | 1/12/28 | 16,375 | 16,326 | ||
National Bank of Canada | 5.250% | 1/17/25 | 11,800 | 11,767 | ||
National Bank of Canada | 3.750% | 6/9/25 | 18,177 | 17,757 | ||
1 | NatWest Group plc | 4.269% | 3/22/25 | 53,027 | 52,096 | |
NatWest Group plc | 4.800% | 4/5/26 | 41,323 | 40,249 | ||
NatWest Group plc | 7.472% | 11/10/26 | 35,768 | 37,183 | ||
3 | NatWest Group plc | 5.847% | 3/2/27 | 15,200 | 15,214 | |
NatWest Group plc | 1.642% | 6/14/27 | 26,354 | 23,148 | ||
1 | NatWest Group plc | 3.073% | 5/22/28 | 12,987 | 11,707 | |
NatWest Group plc | 5.516% | 9/30/28 | 19,953 | 19,774 | ||
1 | NatWest Group plc | 3.754% | 11/1/29 | 25,272 | 23,773 | |
Nomura Holdings Inc. | 2.648% | 1/16/25 | 34,393 | 32,510 | ||
Nomura Holdings Inc. | 5.099% | 7/3/25 | 14,832 | 14,713 | ||
Nomura Holdings Inc. | 1.851% | 7/16/25 | 42,012 | 38,312 | ||
Nomura Holdings Inc. | 1.653% | 7/14/26 | 16,432 | 14,343 | ||
Nomura Holdings Inc. | 2.329% | 1/22/27 | 36,285 | 32,112 | ||
Nomura Holdings Inc. | 5.386% | 7/6/27 | 11,305 | 11,207 | ||
Northern Trust Corp. | 3.950% | 10/30/25 | 3,338 | 3,228 | ||
Northern Trust Corp. | 4.000% | 5/10/27 | 17,625 | 17,075 | ||
1 | Northern Trust Corp. | 3.375% | 5/8/32 | 13,415 | 12,173 | |
Oaktree Specialty Lending Corp. | 3.500% | 2/25/25 | 10,881 | 10,400 | ||
Oaktree Specialty Lending Corp. | 2.700% | 1/15/27 | 3,927 | 3,406 | ||
Old Republic International Corp. | 4.875% | 10/1/24 | 6,623 | 6,556 | ||
Old Republic International Corp. | 3.875% | 8/26/26 | 16,450 | 15,652 | ||
ORIX Corp. | 3.250% | 12/4/24 | 21,070 | 20,277 | ||
ORIX Corp. | 3.700% | 7/18/27 | 1,375 | 1,300 | ||
ORIX Corp. | 5.000% | 9/13/27 | 12,565 | 12,454 | ||
Owl Rock Capital Corp. | 5.250% | 4/15/24 | 9,198 | 9,099 | ||
Owl Rock Capital Corp. | 4.000% | 3/30/25 | 2,912 | 2,768 | ||
Owl Rock Capital Corp. | 3.750% | 7/22/25 | 16,600 | 15,527 | ||
Owl Rock Capital Corp. | 4.250% | 1/15/26 | 10,637 | 9,919 | ||
Owl Rock Capital Corp. | 3.400% | 7/15/26 | 26,019 | 23,211 | ||
Owl Rock Capital Corp. | 2.625% | 1/15/27 | 10,462 | 8,888 | ||
1 | Owl Rock Core Income Corp. | 5.500% | 3/21/25 | 8,609 | 8,363 | |
1 | Owl Rock Core Income Corp. | 4.700% | 2/8/27 | 9,730 | 8,873 | |
2 | Owl Rock Core Income Corp. | 7.750% | 9/16/27 | 22,795 | 22,774 | |
Owl Rock Technology Finance Corp. | 2.500% | 1/15/27 | 5,871 | 4,799 | ||
PayPal Holdings Inc. | 2.400% | 10/1/24 | 27,575 | 26,411 | ||
PayPal Holdings Inc. | 1.650% | 6/1/25 | 18,465 | 17,107 | ||
PayPal Holdings Inc. | 2.650% | 10/1/26 | 40,714 | 37,601 | ||
PNC Bank NA | 2.500% | 8/27/24 | 16,403 | 15,766 | ||
1 | PNC Bank NA | 3.300% | 10/30/24 | 18,761 | 18,178 | |
1 | PNC Bank NA | 2.950% | 2/23/25 | 8,795 | 8,417 | |
1 | PNC Bank NA | 3.875% | 4/10/25 | 14,566 | 14,116 | |
1 | PNC Bank NA | 3.250% | 6/1/25 | 6,839 | 6,560 | |
1 | PNC Bank NA | 4.200% | 11/1/25 | 13,311 | 12,940 | |
1 | PNC Bank NA | 3.100% | 10/25/27 | 7,337 | 6,820 | |
1 | PNC Bank NA | 3.250% | 1/22/28 | 10,490 | 9,752 | |
PNC Financial Services Group Inc. | 3.900% | 4/29/24 | 14,501 | 14,264 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PNC Financial Services Group Inc. | 2.200% | 11/1/24 | 19,059 | 18,185 | ||
PNC Financial Services Group Inc. | 5.671% | 10/28/25 | 21,783 | 21,870 | ||
PNC Financial Services Group Inc. | 2.600% | 7/23/26 | 24,520 | 22,653 | ||
PNC Financial Services Group Inc. | 1.150% | 8/13/26 | 16,505 | 14,492 | ||
PNC Financial Services Group Inc. | 4.758% | 1/26/27 | 5,705 | 5,617 | ||
PNC Financial Services Group Inc. | 3.150% | 5/19/27 | 6,148 | 5,750 | ||
PNC Financial Services Group Inc. | 5.354% | 12/2/28 | 15,770 | 15,800 | ||
Principal Financial Group Inc. | 3.400% | 5/15/25 | 5,099 | 4,898 | ||
Principal Financial Group Inc. | 3.100% | 11/15/26 | 3,330 | 3,080 | ||
Progressive Corp. | 2.450% | 1/15/27 | 23,311 | 21,266 | ||
Progressive Corp. | 2.500% | 3/15/27 | 12,059 | 10,985 | ||
Prospect Capital Corp. | 3.706% | 1/22/26 | 3,635 | 3,277 | ||
Prospect Capital Corp. | 3.364% | 11/15/26 | 8,678 | 7,500 | ||
1 | Prudential Financial Inc. | 1.500% | 3/10/26 | 5,818 | 5,247 | |
1 | Prudential Financial Inc. | 5.200% | 3/15/44 | 14,672 | 14,415 | |
1 | Prudential Financial Inc. | 5.375% | 5/15/45 | 11,210 | 10,911 | |
1 | Prudential Financial Inc. | 4.500% | 9/15/47 | 13,579 | 12,550 | |
Regions Financial Corp. | 2.250% | 5/18/25 | 12,776 | 11,939 | ||
Reinsurance Group of America Inc. | 3.950% | 9/15/26 | 11,426 | 10,891 | ||
RenaissanceRe Finance Inc. | 3.700% | 4/1/25 | 2,900 | 2,799 | ||
RenaissanceRe Finance Inc. | 3.450% | 7/1/27 | 7,783 | 7,268 | ||
1 | Royal Bank of Canada | 0.425% | 1/19/24 | 19,855 | 19,030 | |
1 | Royal Bank of Canada | 2.550% | 7/16/24 | 33,850 | 32,618 | |
Royal Bank of Canada | 0.650% | 7/29/24 | 14,456 | 13,538 | ||
1 | Royal Bank of Canada | 0.750% | 10/7/24 | 16,508 | 15,368 | |
1 | Royal Bank of Canada | 5.660% | 10/25/24 | 41,707 | 41,993 | |
1 | Royal Bank of Canada | 2.250% | 11/1/24 | 50,009 | 47,597 | |
1 | Royal Bank of Canada | 1.600% | 1/21/25 | 9,190 | 8,605 | |
Royal Bank of Canada | 3.375% | 4/14/25 | 17,889 | 17,210 | ||
1 | Royal Bank of Canada | 1.150% | 6/10/25 | 43,239 | 39,471 | |
1 | Royal Bank of Canada | 0.875% | 1/20/26 | 29,118 | 25,785 | |
1 | Royal Bank of Canada | 4.650% | 1/27/26 | 38,751 | 37,890 | |
Royal Bank of Canada | 1.200% | 4/27/26 | 39,317 | 34,810 | ||
1 | Royal Bank of Canada | 1.150% | 7/14/26 | 16,117 | 14,137 | |
1 | Royal Bank of Canada | 1.400% | 11/2/26 | 17,757 | 15,493 | |
1 | Royal Bank of Canada | 2.050% | 1/21/27 | 9,558 | 8,564 | |
Royal Bank of Canada | 3.625% | 5/4/27 | 5,483 | 5,173 | ||
1 | Royal Bank of Canada | 4.240% | 8/3/27 | 48,150 | 46,275 | |
1 | Royal Bank of Canada | 6.000% | 11/1/27 | 12,312 | 12,677 | |
1 | Royal Bank of Canada | 4.900% | 1/12/28 | 20,430 | 20,140 | |
Santander Holdings USA Inc. | 3.500% | 6/7/24 | 27,470 | 26,757 | ||
Santander Holdings USA Inc. | 3.450% | 6/2/25 | 12,011 | 11,431 | ||
Santander Holdings USA Inc. | 4.260% | 6/9/25 | 7,707 | 7,504 | ||
Santander Holdings USA Inc. | 4.500% | 7/17/25 | 19,394 | 18,837 | ||
Santander Holdings USA Inc. | 5.807% | 9/9/26 | 13,192 | 13,202 | ||
Santander Holdings USA Inc. | 3.244% | 10/5/26 | 37,562 | 34,612 | ||
Santander Holdings USA Inc. | 4.400% | 7/13/27 | 26,259 | 24,937 | ||
Santander Holdings USA Inc. | 2.490% | 1/6/28 | 11,694 | 10,195 | ||
Santander UK Group Holdings plc | 1.089% | 3/15/25 | 22,285 | 21,116 | ||
1 | Santander UK Group Holdings plc | 1.532% | 8/21/26 | 9,592 | 8,574 | |
Santander UK Group Holdings plc | 6.833% | 11/21/26 | 15,500 | 15,767 | ||
Santander UK Group Holdings plc | 1.673% | 6/14/27 | 37,209 | 32,487 | ||
Santander UK Group Holdings plc | 2.469% | 1/11/28 | 32,296 | 28,321 | ||
1 | Santander UK Group Holdings plc | 3.823% | 11/3/28 | 4,236 | 3,851 | |
Santander UK Group Holdings plc | 6.534% | 1/10/29 | 24,048 | 24,348 | ||
Santander UK plc | 4.000% | 3/13/24 | 26,283 | 25,929 | ||
Santander UK plc | 2.875% | 6/18/24 | 15,081 | 14,556 | ||
1 | Signature Bank | 4.000% | 10/15/30 | 6,530 | 5,952 | |
Sixth Street Specialty Lending Inc. | 3.875% | 11/1/24 | 7,390 | 7,119 | ||
Sixth Street Specialty Lending Inc. | 2.500% | 8/1/26 | 6,982 | 6,125 | ||
2 | Standard Chartered plc | 2.819% | 1/30/26 | 1,350 | 1,272 | |
State Street Corp. | 3.300% | 12/16/24 | 28,735 | 27,831 | ||
State Street Corp. | 3.550% | 8/18/25 | 32,711 | 31,550 | ||
1 | State Street Corp. | 2.354% | 11/1/25 | 27,209 | 25,877 | |
State Street Corp. | 4.857% | 1/26/26 | 14,240 | 14,119 | ||
State Street Corp. | 2.901% | 3/30/26 | 16,472 | 15,678 | ||
State Street Corp. | 2.650% | 5/19/26 | 17,455 | 16,306 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
State Street Corp. | 5.751% | 11/4/26 | 9,625 | 9,761 | ||
State Street Corp. | 1.684% | 11/18/27 | 740 | 654 | ||
State Street Corp. | 2.203% | 2/7/28 | 13,495 | 12,130 | ||
State Street Corp. | 5.820% | 11/4/28 | 9,180 | 9,402 | ||
Stifel Financial Corp. | 4.250% | 7/18/24 | 8,689 | 8,535 | ||
1 | Sumitomo Mitsui Banking Corp. | 3.400% | 7/11/24 | 6,812 | 6,623 | |
1 | Sumitomo Mitsui Banking Corp. | 3.650% | 7/23/25 | 3,112 | 2,981 | |
Sumitomo Mitsui Financial Group Inc. | 2.696% | 7/16/24 | 62,418 | 60,083 | ||
Sumitomo Mitsui Financial Group Inc. | 2.448% | 9/27/24 | 25,686 | 24,495 | ||
Sumitomo Mitsui Financial Group Inc. | 2.348% | 1/15/25 | 21,782 | 20,547 | ||
Sumitomo Mitsui Financial Group Inc. | 1.474% | 7/8/25 | 61,355 | 55,874 | ||
Sumitomo Mitsui Financial Group Inc. | 0.948% | 1/12/26 | 20,901 | 18,465 | ||
Sumitomo Mitsui Financial Group Inc. | 3.784% | 3/9/26 | 22,973 | 21,945 | ||
Sumitomo Mitsui Financial Group Inc. | 2.632% | 7/14/26 | 33,121 | 30,236 | ||
Sumitomo Mitsui Financial Group Inc. | 1.402% | 9/17/26 | 60,540 | 52,497 | ||
Sumitomo Mitsui Financial Group Inc. | 3.010% | 10/19/26 | 35,735 | 32,885 | ||
Sumitomo Mitsui Financial Group Inc. | 3.446% | 1/11/27 | 35,499 | 33,095 | ||
Sumitomo Mitsui Financial Group Inc. | 2.174% | 1/14/27 | 8,506 | 7,560 | ||
Sumitomo Mitsui Financial Group Inc. | 3.364% | 7/12/27 | 12,353 | 11,419 | ||
Sumitomo Mitsui Financial Group Inc. | 5.520% | 1/13/28 | 55,175 | 55,207 | ||
SVB Financial Group | 3.500% | 1/29/25 | 2,596 | 2,506 | ||
SVB Financial Group | 1.800% | 10/28/26 | 23,574 | 20,578 | ||
SVB Financial Group | 4.345% | 4/29/28 | 2,570 | 2,455 | ||
1 | Synchrony Bank | 5.400% | 8/22/25 | 14,269 | 14,058 | |
Synchrony Bank | 5.625% | 8/23/27 | 22,785 | 22,311 | ||
Synchrony Financial | 4.375% | 3/19/24 | 19,009 | 18,744 | ||
Synchrony Financial | 4.250% | 8/15/24 | 16,978 | 16,561 | ||
Synchrony Financial | 4.500% | 7/23/25 | 19,831 | 19,098 | ||
Synchrony Financial | 3.700% | 8/4/26 | 18,008 | 16,712 | ||
Synchrony Financial | 3.950% | 12/1/27 | 12,097 | 11,027 | ||
Synovus Bank | 5.625% | 2/15/28 | 8,100 | 7,963 | ||
Toronto-Dominion Bank | 0.550% | 3/4/24 | 16,283 | 15,517 | ||
1 | Toronto-Dominion Bank | 2.350% | 3/8/24 | 9,783 | 9,492 | |
1 | Toronto-Dominion Bank | 3.250% | 3/11/24 | 52,142 | 51,013 | |
1 | Toronto-Dominion Bank | 2.650% | 6/12/24 | 33,819 | 32,700 | |
1 | Toronto-Dominion Bank | 4.285% | 9/13/24 | 39,673 | 39,049 | |
Toronto-Dominion Bank | 1.250% | 12/13/24 | 15,617 | 14,552 | ||
1 | Toronto-Dominion Bank | 1.450% | 1/10/25 | 16,020 | 14,952 | |
Toronto-Dominion Bank | 3.766% | 6/6/25 | 40,690 | 39,317 | ||
1 | Toronto-Dominion Bank | 1.150% | 6/12/25 | 33,277 | 30,351 | |
1 | Toronto-Dominion Bank | 0.750% | 9/11/25 | 3,129 | 2,794 | |
1 | Toronto-Dominion Bank | 0.750% | 1/6/26 | 5,588 | 4,932 | |
1 | Toronto-Dominion Bank | 1.200% | 6/3/26 | 24,090 | 21,126 | |
1 | Toronto-Dominion Bank | 1.250% | 9/10/26 | 40,247 | 35,081 | |
1 | Toronto-Dominion Bank | 1.950% | 1/12/27 | 16,780 | 14,940 | |
1 | Toronto-Dominion Bank | 2.800% | 3/10/27 | 24,022 | 21,953 | |
Toronto-Dominion Bank | 4.108% | 6/8/27 | 31,574 | 30,316 | ||
1 | Toronto-Dominion Bank | 4.693% | 9/15/27 | 49,080 | 48,039 | |
Toronto-Dominion Bank | 5.156% | 1/10/28 | 14,175 | 14,108 | ||
1 | Toronto-Dominion Bank | 3.625% | 9/15/31 | 35,000 | 32,545 | |
Trinity Acquisition plc | 4.400% | 3/15/26 | 7,159 | 6,904 | ||
1 | Truist Bank | 3.200% | 4/1/24 | 41,895 | 40,942 | |
1 | Truist Bank | 2.150% | 12/6/24 | 46,243 | 43,864 | |
1 | Truist Bank | 1.500% | 3/10/25 | 24,795 | 23,026 | |
1 | Truist Bank | 3.625% | 9/16/25 | 25,725 | 24,692 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Truist Bank | 4.050% | 11/3/25 | 4,836 | 4,700 | |
1 | Truist Bank | 3.300% | 5/15/26 | 4,103 | 3,847 | |
1 | Truist Bank | 3.800% | 10/30/26 | 17,051 | 16,115 | |
1 | Truist Bank | 2.636% | 9/17/29 | 1,762 | 1,660 | |
1 | Truist Financial Corp. | 2.500% | 8/1/24 | 30,028 | 28,850 | |
1 | Truist Financial Corp. | 2.850% | 10/26/24 | 16,481 | 15,918 | |
Truist Financial Corp. | 4.000% | 5/1/25 | 28,072 | 27,359 | ||
1 | Truist Financial Corp. | 3.700% | 6/5/25 | 23,143 | 22,386 | |
1 | Truist Financial Corp. | 1.200% | 8/5/25 | 6,642 | 6,045 | |
1 | Truist Financial Corp. | 4.260% | 7/28/26 | 10,620 | 10,354 | |
1 | Truist Financial Corp. | 5.900% | 10/28/26 | 25,357 | 25,762 | |
1 | Truist Financial Corp. | 1.267% | 3/2/27 | 22,946 | 20,431 | |
1 | Truist Financial Corp. | 1.125% | 8/3/27 | 7,871 | 6,702 | |
1 | Truist Financial Corp. | 4.123% | 6/6/28 | 18,725 | 17,909 | |
1 | Truist Financial Corp. | 4.873% | 1/26/29 | 34,670 | 34,042 | |
US Bancorp | 3.375% | 2/5/24 | 45,923 | 45,084 | ||
US Bancorp | 2.400% | 7/30/24 | 36,941 | 35,489 | ||
1 | US Bancorp | 3.600% | 9/11/24 | 18,986 | 18,533 | |
US Bancorp | 1.450% | 5/12/25 | 15,947 | 14,716 | ||
1 | US Bancorp | 3.950% | 11/17/25 | 10,996 | 10,676 | |
1 | US Bancorp | 3.100% | 4/27/26 | 24,816 | 23,309 | |
1 | US Bancorp | 2.375% | 7/22/26 | 16,750 | 15,370 | |
US Bancorp | 5.727% | 10/21/26 | 14,247 | 14,409 | ||
1 | US Bancorp | 3.150% | 4/27/27 | 16,856 | 15,724 | |
1 | US Bancorp | 2.215% | 1/27/28 | 5,451 | 4,889 | |
1 | US Bancorp | 4.548% | 7/22/28 | 59,558 | 57,918 | |
US Bancorp | 4.653% | 2/1/29 | 33,000 | 32,062 | ||
1 | US Bank NA | 2.050% | 1/21/25 | 17,338 | 16,373 | |
1 | US Bank NA | 2.800% | 1/27/25 | 39,933 | 38,278 | |
Valley National Bancorp | 3.000% | 6/15/31 | 985 | 871 | ||
Visa Inc. | 3.150% | 12/14/25 | 98,629 | 94,182 | ||
Visa Inc. | 1.900% | 4/15/27 | 33,197 | 29,798 | ||
Visa Inc. | 0.750% | 8/15/27 | 8,323 | 7,078 | ||
Voya Financial Inc. | 3.650% | 6/15/26 | 20,183 | 19,110 | ||
1 | Voya Financial Inc. | 4.700% | 1/23/48 | 7,700 | 6,560 | |
Wachovia Corp. | 7.574% | 8/1/26 | 1,148 | 1,220 | ||
1 | Wells Fargo & Co. | 3.300% | 9/9/24 | 35,236 | 34,221 | |
1 | Wells Fargo & Co. | 3.000% | 2/19/25 | 80,629 | 77,185 | |
1 | Wells Fargo & Co. | 0.805% | 5/19/25 | 12,859 | 12,139 | |
1 | Wells Fargo & Co. | 3.550% | 9/29/25 | 61,924 | 59,302 | |
1 | Wells Fargo & Co. | 2.406% | 10/30/25 | 52,685 | 49,969 | |
1 | Wells Fargo & Co. | 2.164% | 2/11/26 | 51,065 | 47,809 | |
Wells Fargo & Co. | 3.000% | 4/22/26 | 58,572 | 54,678 | ||
1 | Wells Fargo & Co. | 3.908% | 4/25/26 | 55,255 | 53,321 | |
1 | Wells Fargo & Co. | 2.188% | 4/30/26 | 66,715 | 62,060 | |
1 | Wells Fargo & Co. | 4.100% | 6/3/26 | 25,069 | 24,072 | |
1 | Wells Fargo & Co. | 4.540% | 8/15/26 | 40,672 | 39,686 | |
Wells Fargo & Co. | 3.000% | 10/23/26 | 100,578 | 92,924 | ||
1 | Wells Fargo & Co. | 3.196% | 6/17/27 | 74,503 | 69,134 | |
1 | Wells Fargo & Co. | 4.300% | 7/22/27 | 78,396 | 75,815 | |
1 | Wells Fargo & Co. | 3.526% | 3/24/28 | 95,569 | 88,536 | |
1 | Wells Fargo & Co. | 3.584% | 5/22/28 | 55,742 | 51,586 | |
1 | Wells Fargo & Co. | 2.393% | 6/2/28 | 46,363 | 41,015 | |
1 | Wells Fargo & Co. | 4.808% | 7/25/28 | 67,341 | 65,579 | |
Western Alliance Bancorp | 3.000% | 6/15/31 | 12,780 | 11,127 | ||
Western Union Co. | 2.850% | 1/10/25 | 19,359 | 18,386 | ||
Western Union Co. | 1.350% | 3/15/26 | 7,703 | 6,770 | ||
Westpac Banking Corp. | 5.350% | 10/18/24 | 17,248 | 17,285 | ||
Westpac Banking Corp. | 1.019% | 11/18/24 | 1,930 | 1,798 | ||
Westpac Banking Corp. | 2.350% | 2/19/25 | 29,778 | 28,186 | ||
Westpac Banking Corp. | 2.850% | 5/13/26 | 33,444 | 31,161 | ||
Westpac Banking Corp. | 1.150% | 6/3/26 | 26,729 | 23,543 | ||
Westpac Banking Corp. | 2.700% | 8/19/26 | 23,106 | 21,340 | ||
Westpac Banking Corp. | 3.350% | 3/8/27 | 18,071 | 16,992 | ||
Westpac Banking Corp. | 5.457% | 11/18/27 | 47,424 | 48,243 | ||
1 | Westpac Banking Corp. | 2.894% | 2/4/30 | 31,574 | 29,372 | |
1 | Westpac Banking Corp. | 4.322% | 11/23/31 | 51,728 | 48,755 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Willis North America Inc. | 3.600% | 5/15/24 | 22,365 | 21,784 | ||
Willis North America Inc. | 4.650% | 6/15/27 | 21,436 | 20,710 | ||
20,696,294 | ||||||
Health Care (8.1%) | ||||||
Abbott Laboratories | 2.950% | 3/15/25 | 6,552 | 6,293 | ||
Abbott Laboratories | 3.875% | 9/15/25 | 2,863 | 2,785 | ||
5 | Abbott Laboratories | 3.750% | 11/30/26 | 48,077 | 46,503 | |
AbbVie Inc. | 3.850% | 6/15/24 | 28,048 | 27,522 | ||
AbbVie Inc. | 2.600% | 11/21/24 | 84,347 | 80,473 | ||
AbbVie Inc. | 3.800% | 3/15/25 | 65,515 | 63,554 | ||
AbbVie Inc. | 3.600% | 5/14/25 | 79,703 | 76,695 | ||
AbbVie Inc. | 3.200% | 5/14/26 | 41,282 | 38,812 | ||
AbbVie Inc. | 2.950% | 11/21/26 | 88,533 | 81,685 | ||
Aetna Inc. | 3.500% | 11/15/24 | 11,588 | 11,232 | ||
Agilent Technologies Inc. | 3.050% | 9/22/26 | 7,450 | 6,919 | ||
AmerisourceBergen Corp. | 3.400% | 5/15/24 | 25,191 | 24,572 | ||
AmerisourceBergen Corp. | 3.250% | 3/1/25 | 14,559 | 13,949 | ||
AmerisourceBergen Corp. | 3.450% | 12/15/27 | 10,225 | 9,514 | ||
Amgen Inc. | 3.625% | 5/22/24 | 33,762 | 33,013 | ||
Amgen Inc. | 1.900% | 2/21/25 | 6,059 | 5,666 | ||
3 | Amgen Inc. | 5.250% | 3/2/25 | 20,000 | 19,959 | |
Amgen Inc. | 3.125% | 5/1/25 | 10,045 | 9,599 | ||
3 | Amgen Inc. | 5.507% | 3/2/26 | 15,000 | 14,971 | |
Amgen Inc. | 2.600% | 8/19/26 | 25,477 | 23,394 | ||
Amgen Inc. | 2.200% | 2/21/27 | 61,989 | 55,559 | ||
3 | Amgen Inc. | 5.150% | 3/2/28 | 60,000 | 59,761 | |
Amgen Inc. | 1.650% | 8/15/28 | 12,225 | 10,238 | ||
AstraZeneca Finance LLC | 0.700% | 5/28/24 | 36,324 | 34,375 | ||
AstraZeneca Finance LLC | 1.200% | 5/28/26 | 52,882 | 46,833 | ||
3 | AstraZeneca Finance LLC | 4.875% | 3/3/28 | 17,140 | 17,105 | |
AstraZeneca plc | 3.375% | 11/16/25 | 45,256 | 43,458 | ||
AstraZeneca plc | 0.700% | 4/8/26 | 10,639 | 9,326 | ||
AstraZeneca plc | 3.125% | 6/12/27 | 13,922 | 13,033 | ||
Baxalta Inc. | 4.000% | 6/23/25 | 13,879 | 13,457 | ||
Baxter International Inc. | 1.322% | 11/29/24 | 33,651 | 31,341 | ||
Baxter International Inc. | 2.600% | 8/15/26 | 12,364 | 11,248 | ||
Baxter International Inc. | 1.915% | 2/1/27 | 47,903 | 41,721 | ||
Becton Dickinson & Co. | 3.363% | 6/6/24 | 34,973 | 34,079 | ||
Becton Dickinson & Co. | 3.734% | 12/15/24 | 13,317 | 12,943 | ||
Becton Dickinson & Co. | 3.700% | 6/6/27 | 30,100 | 28,406 | ||
Becton Dickinson & Co. | 4.693% | 2/13/28 | 10,000 | 9,780 | ||
Biogen Inc. | 4.050% | 9/15/25 | 32,531 | 31,494 | ||
Bio-Rad Laboratories Inc. | 3.300% | 3/15/27 | 2,114 | 1,966 | ||
Boston Scientific Corp. | 3.450% | 3/1/24 | 8,061 | 7,905 | ||
Boston Scientific Corp. | 1.900% | 6/1/25 | 24,606 | 22,878 | ||
Bristol-Myers Squibb Co. | 3.625% | 5/15/24 | 1,775 | 1,742 | ||
Bristol-Myers Squibb Co. | 2.900% | 7/26/24 | 63,642 | 61,690 | ||
Bristol-Myers Squibb Co. | 0.750% | 11/13/25 | 7,692 | 6,893 | ||
Bristol-Myers Squibb Co. | 3.200% | 6/15/26 | 42,597 | 40,327 | ||
Bristol-Myers Squibb Co. | 3.250% | 2/27/27 | 15,942 | 15,075 | ||
Bristol-Myers Squibb Co. | 1.125% | 11/13/27 | 5,227 | 4,439 | ||
Bristol-Myers Squibb Co. | 3.450% | 11/15/27 | 18,565 | 17,526 | ||
Cardinal Health Inc. | 3.079% | 6/15/24 | 5,454 | 5,283 | ||
Cardinal Health Inc. | 3.500% | 11/15/24 | 4,224 | 4,078 | ||
Cardinal Health Inc. | 3.750% | 9/15/25 | 8,520 | 8,189 | ||
Cardinal Health Inc. | 3.410% | 6/15/27 | 27,525 | 25,651 | ||
Centene Corp. | 4.250% | 12/15/27 | 48,498 | 44,904 | ||
Cigna Group | 0.613% | 3/15/24 | 2,447 | 2,330 | ||
1 | Cigna Group | 3.500% | 6/15/24 | 16,776 | 16,371 | |
1 | Cigna Group | 3.250% | 4/15/25 | 16,364 | 15,697 | |
Cigna Group | 4.125% | 11/15/25 | 46,646 | 45,362 | ||
1 | Cigna Group | 4.500% | 2/25/26 | 19,589 | 19,153 | |
Cigna Group | 1.250% | 3/15/26 | 3,634 | 3,227 | ||
1 | Cigna Group | 3.400% | 3/1/27 | 41,963 | 39,289 | |
CommonSpirit Health | 2.760% | 10/1/24 | 4,467 | 4,287 | ||
CommonSpirit Health | 1.547% | 10/1/25 | 13,315 | 12,064 | ||
CVS Health Corp. | 3.375% | 8/12/24 | 21,844 | 21,228 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
CVS Health Corp. | 2.625% | 8/15/24 | 16,414 | 15,812 | ||
CVS Health Corp. | 4.100% | 3/25/25 | 12,701 | 12,448 | ||
CVS Health Corp. | 3.875% | 7/20/25 | 50,276 | 48,715 | ||
CVS Health Corp. | 5.000% | 2/20/26 | 30,000 | 29,837 | ||
CVS Health Corp. | 2.875% | 6/1/26 | 41,483 | 38,583 | ||
CVS Health Corp. | 3.000% | 8/15/26 | 13,984 | 12,986 | ||
CVS Health Corp. | 3.625% | 4/1/27 | 34,237 | 32,252 | ||
CVS Health Corp. | 1.300% | 8/21/27 | 40,191 | 33,858 | ||
Danaher Corp. | 3.350% | 9/15/25 | 10,845 | 10,395 | ||
DH Europe Finance II Sarl | 2.200% | 11/15/24 | 13,486 | 12,835 | ||
Elevance Health Inc. | 3.500% | 8/15/24 | 28,883 | 28,109 | ||
Elevance Health Inc. | 3.350% | 12/1/24 | 22,856 | 22,106 | ||
Elevance Health Inc. | 2.375% | 1/15/25 | 35,011 | 33,139 | ||
Elevance Health Inc. | 5.350% | 10/15/25 | 7,355 | 7,359 | ||
Elevance Health Inc. | 4.900% | 2/8/26 | 10,400 | 10,283 | ||
Elevance Health Inc. | 1.500% | 3/15/26 | 22,097 | 19,766 | ||
Elevance Health Inc. | 3.650% | 12/1/27 | 17,210 | 16,147 | ||
Eli Lilly & Co. | 2.750% | 6/1/25 | 8,393 | 7,977 | ||
Eli Lilly & Co. | 5.500% | 3/15/27 | 7,000 | 7,218 | ||
2 | GE HealthCare Technologies Inc. | 5.550% | 11/15/24 | 24,290 | 24,236 | |
2 | GE HealthCare Technologies Inc. | 5.600% | 11/15/25 | 20,510 | 20,547 | |
2 | GE HealthCare Technologies Inc. | 5.650% | 11/15/27 | 40,745 | 41,301 | |
Gilead Sciences Inc. | 3.700% | 4/1/24 | 54,523 | 53,561 | ||
Gilead Sciences Inc. | 3.500% | 2/1/25 | 38,095 | 36,895 | ||
Gilead Sciences Inc. | 3.650% | 3/1/26 | 36,250 | 34,626 | ||
Gilead Sciences Inc. | 2.950% | 3/1/27 | 28,119 | 26,042 | ||
Gilead Sciences Inc. | 1.200% | 10/1/27 | 5,670 | 4,791 | ||
GlaxoSmithKline Capital Inc. | 3.625% | 5/15/25 | 23,780 | 23,073 | ||
GlaxoSmithKline Capital plc | 3.000% | 6/1/24 | 23,234 | 22,638 | ||
HCA Inc. | 5.000% | 3/15/24 | 37,903 | 37,656 | ||
HCA Inc. | 5.375% | 2/1/25 | 33,720 | 33,404 | ||
HCA Inc. | 5.250% | 4/15/25 | 47,198 | 46,712 | ||
HCA Inc. | 5.875% | 2/15/26 | 9,455 | 9,452 | ||
HCA Inc. | 5.250% | 6/15/26 | 29,493 | 29,074 | ||
HCA Inc. | 5.375% | 9/1/26 | 19,869 | 19,576 | ||
HCA Inc. | 4.500% | 2/15/27 | 22,365 | 21,429 | ||
2 | HCA Inc. | 3.125% | 3/15/27 | 44,524 | 40,525 | |
Humana Inc. | 3.850% | 10/1/24 | 15,092 | 14,732 | ||
Humana Inc. | 4.500% | 4/1/25 | 17,172 | 16,877 | ||
Humana Inc. | 1.350% | 2/3/27 | 5,135 | 4,421 | ||
Humana Inc. | 3.950% | 3/15/27 | 15,574 | 14,878 | ||
Illumina Inc. | 5.800% | 12/12/25 | 7,560 | 7,629 | ||
Illumina Inc. | 5.750% | 12/13/27 | 13,047 | 13,110 | ||
Johnson & Johnson | 2.625% | 1/15/25 | 8,594 | 8,253 | ||
Johnson & Johnson | 0.550% | 9/1/25 | 14,473 | 13,087 | ||
Johnson & Johnson | 2.450% | 3/1/26 | 49,752 | 46,603 | ||
Johnson & Johnson | 2.950% | 3/3/27 | 26,102 | 24,581 | ||
Johnson & Johnson | 0.950% | 9/1/27 | 200 | 171 | ||
Kaiser Foundation Hospitals | 3.150% | 5/1/27 | 1,492 | 1,402 | ||
Laboratory Corp. of America Holdings | 3.250% | 9/1/24 | 9,245 | 8,951 | ||
Laboratory Corp. of America Holdings | 2.300% | 12/1/24 | 2,889 | 2,731 | ||
Laboratory Corp. of America Holdings | 3.600% | 2/1/25 | 18,373 | 17,720 | ||
Laboratory Corp. of America Holdings | 1.550% | 6/1/26 | 28,797 | 25,506 | ||
McKesson Corp. | 3.796% | 3/15/24 | 23,834 | 23,456 | ||
McKesson Corp. | 0.900% | 12/3/25 | 16,695 | 14,934 | ||
McKesson Corp. | 5.250% | 2/15/26 | 7,820 | 7,773 | ||
McKesson Corp. | 1.300% | 8/15/26 | 9,326 | 8,196 | ||
Merck & Co. Inc. | 2.900% | 3/7/24 | 13,885 | 13,561 | ||
Merck & Co. Inc. | 2.750% | 2/10/25 | 27,758 | 26,627 | ||
Merck & Co. Inc. | 0.750% | 2/24/26 | 24,090 | 21,322 | ||
Merck & Co. Inc. | 1.700% | 6/10/27 | 49,567 | 43,771 | ||
Novartis Capital Corp. | 3.400% | 5/6/24 | 45,570 | 44,634 | ||
Novartis Capital Corp. | 1.750% | 2/14/25 | 19,373 | 18,196 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Novartis Capital Corp. | 3.000% | 11/20/25 | 36,467 | 34,715 | ||
Novartis Capital Corp. | 2.000% | 2/14/27 | 24,549 | 22,217 | ||
Novartis Capital Corp. | 3.100% | 5/17/27 | 20,875 | 19,619 | ||
1 | PeaceHealth Obligated Group | 1.375% | 11/15/25 | 2,780 | 2,490 | |
PerkinElmer Inc. | 0.850% | 9/15/24 | 11,595 | 10,787 | ||
Pfizer Inc. | 2.950% | 3/15/24 | 14,783 | 14,440 | ||
Pfizer Inc. | 3.400% | 5/15/24 | 24,329 | 23,831 | ||
Pfizer Inc. | 0.800% | 5/28/25 | 15,834 | 14,512 | ||
Pfizer Inc. | 2.750% | 6/3/26 | 26,979 | 25,347 | ||
Pfizer Inc. | 3.000% | 12/15/26 | 34,824 | 32,760 | ||
1 | Providence St. Joseph Health Obligated Group | 2.746% | 10/1/26 | 6,633 | 6,095 | |
Quest Diagnostics Inc. | 4.250% | 4/1/24 | 4,061 | 3,995 | ||
Quest Diagnostics Inc. | 3.500% | 3/30/25 | 18,929 | 18,215 | ||
Quest Diagnostics Inc. | 3.450% | 6/1/26 | 15,807 | 14,967 | ||
Royalty Pharma plc | 1.200% | 9/2/25 | 29,618 | 26,507 | ||
Royalty Pharma plc | 1.750% | 9/2/27 | 19,467 | 16,484 | ||
Shire Acquisitions Investments Ireland DAC | 3.200% | 9/23/26 | 75,223 | 70,015 | ||
1 | SSM Health Care Corp. | 3.823% | 6/1/27 | 11,727 | 11,070 | |
Stryker Corp. | 3.375% | 5/15/24 | 21,063 | 20,563 | ||
Stryker Corp. | 1.150% | 6/15/25 | 6,662 | 6,071 | ||
Stryker Corp. | 3.375% | 11/1/25 | 28,778 | 27,507 | ||
Stryker Corp. | 3.500% | 3/15/26 | 2,246 | 2,147 | ||
1 | Sutter Health | 1.321% | 8/15/25 | 2,114 | 1,908 | |
Thermo Fisher Scientific Inc. | 1.215% | 10/18/24 | 41,070 | 38,494 | ||
Thermo Fisher Scientific Inc. | 4.800% | 11/21/27 | 20,840 | 20,852 | ||
UnitedHealth Group Inc. | 2.375% | 8/15/24 | 18,888 | 18,141 | ||
UnitedHealth Group Inc. | 5.000% | 10/15/24 | 23,135 | 23,129 | ||
UnitedHealth Group Inc. | 3.750% | 7/15/25 | 50,405 | 48,920 | ||
UnitedHealth Group Inc. | 5.150% | 10/15/25 | 16,805 | 16,840 | ||
UnitedHealth Group Inc. | 3.700% | 12/15/25 | 6,014 | 5,808 | ||
UnitedHealth Group Inc. | 1.250% | 1/15/26 | 7,164 | 6,476 | ||
UnitedHealth Group Inc. | 3.100% | 3/15/26 | 24,344 | 23,077 | ||
UnitedHealth Group Inc. | 1.150% | 5/15/26 | 23,056 | 20,436 | ||
UnitedHealth Group Inc. | 3.450% | 1/15/27 | 29,016 | 27,514 | ||
UnitedHealth Group Inc. | 3.375% | 4/15/27 | 11,278 | 10,636 | ||
UnitedHealth Group Inc. | 3.700% | 5/15/27 | 8,618 | 8,228 | ||
UnitedHealth Group Inc. | 5.250% | 2/15/28 | 22,590 | 22,899 | ||
Universal Health Services Inc. | 1.650% | 9/1/26 | 16,254 | 14,078 | ||
1 | UPMC | 3.600% | 4/3/25 | 7,980 | 7,618 | |
Utah Acquisition Sub Inc. | 3.950% | 6/15/26 | 25,570 | 23,919 | ||
Viatris Inc. | 1.650% | 6/22/25 | 15,531 | 14,133 | ||
Viatris Inc. | 2.300% | 6/22/27 | 13,310 | 11,507 | ||
Zimmer Biomet Holdings Inc. | 1.450% | 11/22/24 | 3,294 | 3,073 | ||
Zimmer Biomet Holdings Inc. | 3.550% | 4/1/25 | 2,764 | 2,660 | ||
Zimmer Biomet Holdings Inc. | 3.050% | 1/15/26 | 30,596 | 28,776 | ||
Zoetis Inc. | 4.500% | 11/13/25 | 20,603 | 20,208 | ||
Zoetis Inc. | 5.400% | 11/14/25 | 20,103 | 20,222 | ||
3,781,212 | ||||||
Industrials (6.2%) | ||||||
3M Co. | 2.000% | 2/14/25 | 10,330 | 9,708 | ||
3M Co. | 2.650% | 4/15/25 | 1,195 | 1,133 | ||
1 | 3M Co. | 3.000% | 8/7/25 | 4,413 | 4,193 | |
1 | 3M Co. | 2.250% | 9/19/26 | 6,760 | 6,132 | |
3M Co. | 2.875% | 10/15/27 | 20,739 | 18,873 | ||
Allegion US Holding Co. Inc. | 3.200% | 10/1/24 | 10,746 | 10,335 | ||
Allegion US Holding Co. Inc. | 3.550% | 10/1/27 | 3,685 | 3,384 | ||
1 | American Airlines Pass-Through Trust Class AA Series 2016-2 | 3.200% | 6/15/28 | 7,195 | 6,428 | |
Amphenol Corp. | 3.200% | 4/1/24 | 8,042 | 7,849 | ||
Amphenol Corp. | 2.050% | 3/1/25 | 9,792 | 9,203 | ||
1 | BNSF Funding Trust I | 6.613% | 12/15/55 | 7,486 | 7,281 | |
Boeing Co. | 2.800% | 3/1/24 | 15,023 | 14,610 | ||
Boeing Co. | 2.850% | 10/30/24 | 5,439 | 5,202 | ||
Boeing Co. | 4.875% | 5/1/25 | 74,093 | 73,046 | ||
Boeing Co. | 2.600% | 10/30/25 | 6,026 | 5,591 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Boeing Co. | 2.750% | 2/1/26 | 30,431 | 28,212 | ||
Boeing Co. | 2.196% | 2/4/26 | 100,731 | 91,456 | ||
Boeing Co. | 3.100% | 5/1/26 | 16,223 | 15,092 | ||
Boeing Co. | 2.250% | 6/15/26 | 11,881 | 10,720 | ||
Boeing Co. | 2.700% | 2/1/27 | 14,661 | 13,285 | ||
Boeing Co. | 2.800% | 3/1/27 | 9,100 | 8,270 | ||
Boeing Co. | 5.040% | 5/1/27 | 40,203 | 39,602 | ||
Burlington Northern Santa Fe LLC | 3.750% | 4/1/24 | 21,368 | 21,035 | ||
Burlington Northern Santa Fe LLC | 3.400% | 9/1/24 | 24,047 | 23,432 | ||
Burlington Northern Santa Fe LLC | 3.000% | 4/1/25 | 9,877 | 9,455 | ||
Burlington Northern Santa Fe LLC | 3.650% | 9/1/25 | 13,107 | 12,635 | ||
Burlington Northern Santa Fe LLC | 7.000% | 12/15/25 | 5,645 | 5,929 | ||
Burlington Northern Santa Fe LLC | 3.250% | 6/15/27 | 12,153 | 11,466 | ||
Canadian National Railway Co. | 2.950% | 11/21/24 | 6,217 | 5,978 | ||
Canadian National Railway Co. | 2.750% | 3/1/26 | 2,414 | 2,260 | ||
Canadian Pacific Railway Co. | 1.350% | 12/2/24 | 19,564 | 18,228 | ||
Canadian Pacific Railway Co. | 2.900% | 2/1/25 | 20,373 | 19,430 | ||
Canadian Pacific Railway Co. | 1.750% | 12/2/26 | 33,535 | 29,687 | ||
Carrier Global Corp. | 2.242% | 2/15/25 | 16,236 | 15,252 | ||
Carrier Global Corp. | 2.493% | 2/15/27 | 28,081 | 25,325 | ||
1 | Caterpillar Financial Services Corp. | 2.850% | 5/17/24 | 15,728 | 15,281 | |
1 | Caterpillar Financial Services Corp. | 3.300% | 6/9/24 | 15,287 | 14,912 | |
1 | Caterpillar Financial Services Corp. | 0.600% | 9/13/24 | 14,464 | 13,500 | |
1 | Caterpillar Financial Services Corp. | 2.150% | 11/8/24 | 19,247 | 18,351 | |
1 | Caterpillar Financial Services Corp. | 3.250% | 12/1/24 | 16,359 | 15,877 | |
1 | Caterpillar Financial Services Corp. | 4.900% | 1/17/25 | 13,340 | 13,295 | |
1 | Caterpillar Financial Services Corp. | 1.450% | 5/15/25 | 20,743 | 19,172 | |
1 | Caterpillar Financial Services Corp. | 3.650% | 8/12/25 | 17,346 | 16,792 | |
1 | Caterpillar Financial Services Corp. | 0.800% | 11/13/25 | 9,829 | 8,808 | |
Caterpillar Financial Services Corp. | 0.900% | 3/2/26 | 21,164 | 18,790 | ||
Caterpillar Financial Services Corp. | 2.400% | 8/9/26 | 19,290 | 17,735 | ||
1 | Caterpillar Financial Services Corp. | 1.150% | 9/14/26 | 21,921 | 19,261 | |
1 | Caterpillar Financial Services Corp. | 1.700% | 1/8/27 | 8,352 | 7,526 | |
1 | Caterpillar Financial Services Corp. | 3.600% | 8/12/27 | 20,957 | 20,023 | |
Caterpillar Inc. | 3.400% | 5/15/24 | 21,174 | 20,748 | ||
CNH Industrial Capital LLC | 5.450% | 10/14/25 | 2,937 | 2,941 | ||
CNH Industrial Capital LLC | 1.875% | 1/15/26 | 16,558 | 15,072 | ||
CNH Industrial Capital LLC | 1.450% | 7/15/26 | 10,756 | 9,518 | ||
1 | Continental Airlines Pass-Through Trust Class A Series 2012-2 | 4.000% | 10/29/24 | 5,112 | 4,962 | |
CSX Corp. | 3.400% | 8/1/24 | 18,235 | 17,749 | ||
CSX Corp. | 3.350% | 11/1/25 | 8,958 | 8,551 | ||
CSX Corp. | 2.600% | 11/1/26 | 16,149 | 14,802 | ||
CSX Corp. | 3.250% | 6/1/27 | 25,188 | 23,487 | ||
Cummins Inc. | 0.750% | 9/1/25 | 14,105 | 12,731 | ||
Deere & Co. | 2.750% | 4/15/25 | 19,727 | 18,811 | ||
2 | Delta Air Lines Inc. | 4.750% | 10/20/28 | 15,000 | 14,195 | |
1 | Delta Air Lines Pass-Through Trust Class AA Series 2019-1 | 3.204% | 4/25/24 | 6,816 | 6,644 | |
Dover Corp. | 3.150% | 11/15/25 | 7,022 | 6,655 | ||
Eaton Corp. | 3.103% | 9/15/27 | 7,096 | 6,555 | ||
Emerson Electric Co. | 3.150% | 6/1/25 | 7,291 | 6,983 | ||
Emerson Electric Co. | 0.875% | 10/15/26 | 13,836 | 11,954 | ||
Emerson Electric Co. | 1.800% | 10/15/27 | 2,016 | 1,759 | ||
FedEx Corp. | 3.250% | 4/1/26 | 12,490 | 11,820 | ||
Fortive Corp. | 3.150% | 6/15/26 | 20,578 | 19,211 | ||
General Dynamics Corp. | 3.250% | 4/1/25 | 14,343 | 13,817 | ||
General Dynamics Corp. | 3.500% | 5/15/25 | 11,547 | 11,176 | ||
General Dynamics Corp. | 2.125% | 8/15/26 | 23,987 | 21,957 | ||
General Dynamics Corp. | 3.500% | 4/1/27 | 26,377 | 25,021 | ||
General Dynamics Corp. | 2.625% | 11/15/27 | 9,325 | 8,464 | ||
Hexcel Corp. | 4.200% | 2/15/27 | 8,490 | 8,002 | ||
Honeywell International Inc. | 2.300% | 8/15/24 | 19,813 | 19,021 | ||
Honeywell International Inc. | 4.850% | 11/1/24 | 15,310 | 15,275 | ||
Honeywell International Inc. | 1.350% | 6/1/25 | 25,137 | 23,223 | ||
Honeywell International Inc. | 2.500% | 11/1/26 | 37,809 | 34,926 | ||
Honeywell International Inc. | 1.100% | 3/1/27 | 5,765 | 5,015 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Honeywell International Inc. | 4.950% | 2/15/28 | 7,655 | 7,732 | ||
Huntington Ingalls Industries Inc. | 3.483% | 12/1/27 | 18,709 | 17,115 | ||
Illinois Tool Works Inc. | 3.500% | 3/1/24 | 21,637 | 21,338 | ||
Illinois Tool Works Inc. | 2.650% | 11/15/26 | 20,797 | 19,269 | ||
JB Hunt Transport Services Inc. | 3.875% | 3/1/26 | 24,045 | 23,110 | ||
1 | John Deere Capital Corp. | 2.600% | 3/7/24 | 17,153 | 16,716 | |
1 | John Deere Capital Corp. | 0.450% | 6/7/24 | 15,775 | 14,858 | |
1 | John Deere Capital Corp. | 3.350% | 6/12/24 | 7,475 | 7,305 | |
1 | John Deere Capital Corp. | 2.650% | 6/24/24 | 22,487 | 21,775 | |
1 | John Deere Capital Corp. | 0.625% | 9/10/24 | 8,062 | 7,536 | |
1 | John Deere Capital Corp. | 2.050% | 1/9/25 | 14,104 | 13,361 | |
1 | John Deere Capital Corp. | 1.250% | 1/10/25 | 6,560 | 6,117 | |
1 | John Deere Capital Corp. | 3.450% | 3/13/25 | 12,903 | 12,499 | |
1 | John Deere Capital Corp. | 3.400% | 6/6/25 | 7,330 | 7,073 | |
1 | John Deere Capital Corp. | 4.050% | 9/8/25 | 17,569 | 17,237 | |
1 | John Deere Capital Corp. | 3.400% | 9/11/25 | 4,077 | 3,916 | |
1 | John Deere Capital Corp. | 0.700% | 1/15/26 | 17,951 | 15,920 | |
1 | John Deere Capital Corp. | 2.650% | 6/10/26 | 15,846 | 14,747 | |
1 | John Deere Capital Corp. | 1.050% | 6/17/26 | 11,670 | 10,315 | |
1 | John Deere Capital Corp. | 2.250% | 9/14/26 | 13,085 | 11,971 | |
1 | John Deere Capital Corp. | 1.300% | 10/13/26 | 2,186 | 1,922 | |
1 | John Deere Capital Corp. | 1.700% | 1/11/27 | 4,851 | 4,325 | |
1 | John Deere Capital Corp. | 2.350% | 3/8/27 | 16,357 | 14,867 | |
1 | John Deere Capital Corp. | 1.750% | 3/9/27 | 11,391 | 10,162 | |
1 | John Deere Capital Corp. | 4.150% | 9/15/27 | 44,895 | 43,657 | |
1 | John Deere Capital Corp. | 4.750% | 1/20/28 | 22,525 | 22,416 | |
3 | John Deere Capital Corp. | 4.900% | 3/3/28 | 20,000 | 19,976 | |
1 | Johnson Controls International plc | 3.625% | 7/2/24 | 4,027 | 3,929 | |
1 | Johnson Controls International plc | 3.900% | 2/14/26 | 16,013 | 15,424 | |
Keysight Technologies Inc. | 4.550% | 10/30/24 | 3,466 | 3,411 | ||
Keysight Technologies Inc. | 4.600% | 4/6/27 | 18,760 | 18,380 | ||
L3Harris Technologies Inc. | 3.950% | 5/28/24 | 8,010 | 7,847 | ||
L3Harris Technologies Inc. | 3.832% | 4/27/25 | 12,755 | 12,326 | ||
L3Harris Technologies Inc. | 3.850% | 12/15/26 | 5,692 | 5,430 | ||
Lennox International Inc. | 1.350% | 8/1/25 | 2,004 | 1,819 | ||
Lockheed Martin Corp. | 4.950% | 10/15/25 | 10,306 | 10,329 | ||
Lockheed Martin Corp. | 3.550% | 1/15/26 | 24,461 | 23,635 | ||
Lockheed Martin Corp. | 5.100% | 11/15/27 | 38,799 | 39,315 | ||
2 | Mileage Plus Holdings LLC | 6.500% | 6/20/27 | 16,683 | 16,667 | |
Norfolk Southern Corp. | 3.650% | 8/1/25 | 4,880 | 4,688 | ||
Norfolk Southern Corp. | 2.900% | 6/15/26 | 16,344 | 15,181 | ||
Norfolk Southern Corp. | 7.800% | 5/15/27 | 3,487 | 3,808 | ||
Norfolk Southern Corp. | 3.150% | 6/1/27 | 6,845 | 6,321 | ||
Northrop Grumman Corp. | 2.930% | 1/15/25 | 35,848 | 34,322 | ||
Northrop Grumman Corp. | 3.200% | 2/1/27 | 18,971 | 17,831 | ||
Northrop Grumman Corp. | 3.250% | 1/15/28 | 41,823 | 38,632 | ||
Otis Worldwide Corp. | 2.056% | 4/5/25 | 36,343 | 33,919 | ||
Otis Worldwide Corp. | 2.293% | 4/5/27 | 14,009 | 12,588 | ||
1 | PACCAR Financial Corp. | 3.150% | 6/13/24 | 12,644 | 12,322 | |
1 | PACCAR Financial Corp. | 2.150% | 8/15/24 | 9,467 | 9,052 | |
1 | PACCAR Financial Corp. | 0.900% | 11/8/24 | 8,280 | 7,733 | |
1 | PACCAR Financial Corp. | 1.800% | 2/6/25 | 13,441 | 12,619 | |
PACCAR Financial Corp. | 4.600% | 1/10/28 | 9,090 | 9,010 | ||
Parker-Hannifin Corp. | 2.700% | 6/14/24 | 7,165 | 6,914 | ||
Parker-Hannifin Corp. | 3.650% | 6/15/24 | 44,506 | 43,536 | ||
1 | Parker-Hannifin Corp. | 3.300% | 11/21/24 | 9,754 | 9,428 | |
Parker-Hannifin Corp. | 3.250% | 3/1/27 | 6,115 | 5,686 | ||
Parker-Hannifin Corp. | 4.250% | 9/15/27 | 35,821 | 34,286 | ||
Precision Castparts Corp. | 3.250% | 6/15/25 | 27,612 | 26,560 | ||
Raytheon Technologies Corp. | 3.200% | 3/15/24 | 34,089 | 33,391 | ||
Raytheon Technologies Corp. | 3.950% | 8/16/25 | 30,255 | 29,392 | ||
Raytheon Technologies Corp. | 5.000% | 2/27/26 | 2,685 | 2,681 | ||
Raytheon Technologies Corp. | 3.500% | 3/15/27 | 46,761 | 44,254 | ||
Raytheon Technologies Corp. | 3.125% | 5/4/27 | 15,667 | 14,521 | ||
2 | Regal Rexnord Corp. | 6.050% | 2/15/26 | 12,760 | 12,650 | |
2 | Regal Rexnord Corp. | 6.050% | 4/15/28 | 7,915 | 7,736 | |
Republic Services Inc. | 2.500% | 8/15/24 | 20,093 | 19,293 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Republic Services Inc. | 3.200% | 3/15/25 | 2,333 | 2,234 | ||
Republic Services Inc. | 0.875% | 11/15/25 | 8,114 | 7,194 | ||
Republic Services Inc. | 2.900% | 7/1/26 | 4,761 | 4,427 | ||
Republic Services Inc. | 3.375% | 11/15/27 | 13,849 | 12,827 | ||
Rockwell Automation Inc. | 2.875% | 3/1/25 | 6,527 | 6,238 | ||
1 | Ryder System Inc. | 3.650% | 3/18/24 | 24,685 | 24,160 | |
1 | Ryder System Inc. | 2.500% | 9/1/24 | 4,117 | 3,929 | |
1 | Ryder System Inc. | 4.625% | 6/1/25 | 4,200 | 4,103 | |
1 | Ryder System Inc. | 3.350% | 9/1/25 | 12,261 | 11,616 | |
1 | Ryder System Inc. | 1.750% | 9/1/26 | 1,681 | 1,485 | |
1 | Ryder System Inc. | 2.900% | 12/1/26 | 10,642 | 9,680 | |
1 | Ryder System Inc. | 2.850% | 3/1/27 | 6,199 | 5,628 | |
1 | Ryder System Inc. | 5.650% | 3/1/28 | 10,000 | 10,005 | |
Southwest Airlines Co. | 5.250% | 5/4/25 | 42,897 | 42,710 | ||
Southwest Airlines Co. | 3.000% | 11/15/26 | 3,075 | 2,831 | ||
Southwest Airlines Co. | 5.125% | 6/15/27 | 30,213 | 29,783 | ||
Southwest Airlines Co. | 3.450% | 11/16/27 | 5,448 | 5,009 | ||
Teledyne Technologies Inc. | 0.950% | 4/1/24 | 16,658 | 15,835 | ||
Teledyne Technologies Inc. | 1.600% | 4/1/26 | 17,048 | 15,223 | ||
Textron Inc. | 4.300% | 3/1/24 | 6,989 | 6,904 | ||
Textron Inc. | 3.875% | 3/1/25 | 2,777 | 2,691 | ||
Textron Inc. | 4.000% | 3/15/26 | 13,917 | 13,453 | ||
Textron Inc. | 3.650% | 3/15/27 | 5,273 | 4,973 | ||
Timken Co. | 3.875% | 9/1/24 | 6,804 | 6,630 | ||
Trane Technologies Global Holding Co. Ltd. | 4.250% | 6/15/23 | 14,764 | 14,764 | ||
Trane Technologies Luxembourg Finance SA | 3.550% | 11/1/24 | 4,356 | 4,228 | ||
Trane Technologies Luxembourg Finance SA | 3.500% | 3/21/26 | 8,708 | 8,256 | ||
Trimble Inc. | 4.750% | 12/1/24 | 8,417 | 8,272 | ||
Tyco Electronics Group SA | 3.450% | 8/1/24 | 10,836 | 10,558 | ||
Tyco Electronics Group SA | 4.500% | 2/13/26 | 6,500 | 6,416 | ||
Tyco Electronics Group SA | 3.700% | 2/15/26 | 6,915 | 6,674 | ||
Tyco Electronics Group SA | 3.125% | 8/15/27 | 16,225 | 14,933 | ||
Union Pacific Corp. | 3.150% | 3/1/24 | 19,180 | 18,780 | ||
Union Pacific Corp. | 3.750% | 3/15/24 | 12,944 | 12,734 | ||
Union Pacific Corp. | 3.250% | 1/15/25 | 2,547 | 2,459 | ||
Union Pacific Corp. | 3.750% | 7/15/25 | 2,625 | 2,547 | ||
Union Pacific Corp. | 3.250% | 8/15/25 | 10,051 | 9,624 | ||
Union Pacific Corp. | 2.750% | 3/1/26 | 20,123 | 18,868 | ||
1 | United Airlines Pass-Through Trust Class A Series 2012-1 | 4.150% | 4/11/24 | 6,179 | 6,056 | |
1 | United Airlines Pass-Through Trust Class A Series 2013-1 | 4.300% | 8/15/25 | 7,754 | 7,413 | |
1 | United Airlines Pass-Through Trust Class A Series 2014-1 | 4.000% | 4/11/26 | 9,396 | 8,781 | |
1 | United Airlines Pass-Through Trust Class A Series 2014-2 | 3.750% | 9/3/26 | 7,938 | 7,431 | |
1 | United Airlines Pass-Through Trust Class A Series 2020-1 | 5.875% | 10/15/27 | 33,954 | 33,671 | |
1 | United Airlines Pass-Through Trust Class B Series 2020-1 | 4.875% | 1/15/26 | 14,675 | 14,178 | |
United Parcel Service Inc. | 2.200% | 9/1/24 | 9,606 | 9,192 | ||
United Parcel Service Inc. | 2.800% | 11/15/24 | 16,860 | 16,235 | ||
United Parcel Service Inc. | 3.900% | 4/1/25 | 12,568 | 12,283 | ||
United Parcel Service Inc. | 2.400% | 11/15/26 | 3,902 | 3,595 | ||
United Parcel Service Inc. | 3.050% | 11/15/27 | 19,428 | 18,035 | ||
Vontier Corp. | 1.800% | 4/1/26 | 7,959 | 6,957 | ||
Waste Management Inc. | 0.750% | 11/15/25 | 12,032 | 10,718 | ||
Waste Management Inc. | 3.150% | 11/15/27 | 11,480 | 10,618 | ||
Westinghouse Air Brake Technologies Corp. | 4.400% | 3/15/24 | 10,028 | 9,877 | ||
Westinghouse Air Brake Technologies Corp. | 3.200% | 6/15/25 | 15,262 | 14,368 | ||
Westinghouse Air Brake Technologies Corp. | 3.450% | 11/15/26 | 17,408 | 16,097 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
WW Grainger Inc. | 1.850% | 2/15/25 | 6,779 | 6,354 | ||
Xylem Inc. | 3.250% | 11/1/26 | 11,140 | 10,399 | ||
2,895,125 | ||||||
Materials (2.1%) | ||||||
Air Products and Chemicals Inc. | 3.350% | 7/31/24 | 8,308 | 8,099 | ||
Air Products and Chemicals Inc. | 1.500% | 10/15/25 | 4,841 | 4,417 | ||
Air Products and Chemicals Inc. | 1.850% | 5/15/27 | 9,816 | 8,736 | ||
Albemarle Corp. | 4.650% | 6/1/27 | 11,795 | 11,506 | ||
Amcor Finance USA Inc. | 3.625% | 4/28/26 | 2,789 | 2,635 | ||
Amcor Flexibles North America Inc. | 4.000% | 5/17/25 | 15,407 | 14,883 | ||
ArcelorMittal SA | 4.550% | 3/11/26 | 14,101 | 13,728 | ||
ArcelorMittal SA | 6.550% | 11/29/27 | 22,050 | 22,608 | ||
Berry Global Inc. | 1.570% | 1/15/26 | 31,627 | 28,210 | ||
Berry Global Inc. | 1.650% | 1/15/27 | 8,835 | 7,590 | ||
BHP Billiton Finance USA Ltd. | 4.875% | 2/27/26 | 10,000 | 9,942 | ||
BHP Billiton Finance USA Ltd. | 6.420% | 3/1/26 | 7,630 | 7,904 | ||
BHP Billiton Finance USA Ltd. | 4.750% | 2/28/28 | 21,625 | 21,363 | ||
Carlisle Cos. Inc. | 3.500% | 12/1/24 | 10,675 | 10,291 | ||
Carlisle Cos. Inc. | 3.750% | 12/1/27 | 12,500 | 11,707 | ||
Celanese US Holdings LLC | 3.500% | 5/8/24 | 16,114 | 15,678 | ||
Celanese US Holdings LLC | 5.900% | 7/5/24 | 39,739 | 39,690 | ||
Celanese US Holdings LLC | 6.050% | 3/15/25 | 33,885 | 33,760 | ||
Celanese US Holdings LLC | 1.400% | 8/5/26 | 4,083 | 3,478 | ||
Celanese US Holdings LLC | 6.165% | 7/15/27 | 40,113 | 39,789 | ||
Celulosa Arauco y Constitucion SA | 4.500% | 8/1/24 | 10,470 | 10,272 | ||
Celulosa Arauco y Constitucion SA | 3.875% | 11/2/27 | 9,550 | 8,781 | ||
Dow Chemical Co. | 4.550% | 11/30/25 | 427 | 419 | ||
DuPont de Nemours Inc. | 4.493% | 11/15/25 | 44,504 | 43,768 | ||
Eastman Chemical Co. | 3.800% | 3/15/25 | 15,175 | 14,720 | ||
Ecolab Inc. | 2.700% | 11/1/26 | 19,061 | 17,574 | ||
Ecolab Inc. | 1.650% | 2/1/27 | 7,595 | 6,715 | ||
Ecolab Inc. | 3.250% | 12/1/27 | 11,277 | 10,503 | ||
Ecolab Inc. | 5.250% | 1/15/28 | 7,070 | 7,140 | ||
EIDP Inc. | 1.700% | 7/15/25 | 2,317 | 2,136 | ||
Fibria Overseas Finance Ltd. | 4.000% | 1/14/25 | 8,623 | 8,428 | ||
Fibria Overseas Finance Ltd. | 5.500% | 1/17/27 | 16,713 | 16,682 | ||
FMC Corp. | 3.200% | 10/1/26 | 14,856 | 13,866 | ||
Freeport-McMoRan Inc. | 4.550% | 11/14/24 | 3,787 | 3,719 | ||
Freeport-McMoRan Inc. | 5.000% | 9/1/27 | 12,722 | 12,447 | ||
Freeport-McMoRan Inc. | 4.125% | 3/1/28 | 450 | 417 | ||
2 | Georgia-Pacific LLC | 0.625% | 5/15/24 | 2,675 | 2,527 | |
2 | Georgia-Pacific LLC | 2.100% | 4/30/27 | 3,760 | 3,375 | |
Kinross Gold Corp. | 5.950% | 3/15/24 | 9,153 | 9,156 | ||
Kinross Gold Corp. | 4.500% | 7/15/27 | 2,891 | 2,756 | ||
Linde Inc. | 4.800% | 12/5/24 | 10,500 | 10,501 | ||
Linde Inc. | 2.650% | 2/5/25 | 9,507 | 9,072 | ||
Linde Inc. | 4.700% | 12/5/25 | 12,525 | 12,506 | ||
Linde Inc. | 3.200% | 1/30/26 | 15,637 | 15,058 | ||
LYB International Finance II BV | 3.500% | 3/2/27 | 4,940 | 4,617 | ||
LYB International Finance III LLC | 1.250% | 10/1/25 | 19,592 | 17,555 | ||
LyondellBasell Industries NV | 5.750% | 4/15/24 | 8,539 | 8,535 | ||
Martin Marietta Materials Inc. | 4.250% | 7/2/24 | 8,887 | 8,754 | ||
Martin Marietta Materials Inc. | 3.450% | 6/1/27 | 10,068 | 9,371 | ||
Martin Marietta Materials Inc. | 3.500% | 12/15/27 | 2,799 | 2,624 | ||
Mosaic Co. | 4.050% | 11/15/27 | 6,770 | 6,411 | ||
Nucor Corp. | 3.950% | 5/23/25 | 4,025 | 3,915 | ||
Nucor Corp. | 2.000% | 6/1/25 | 20,716 | 19,266 | ||
Nucor Corp. | 4.300% | 5/23/27 | 5,715 | 5,542 | ||
Nutrien Ltd. | 5.900% | 11/7/24 | 6,243 | 6,277 | ||
Nutrien Ltd. | 3.000% | 4/1/25 | 9,811 | 9,327 | ||
Nutrien Ltd. | 5.950% | 11/7/25 | 5,802 | 5,887 | ||
Nutrien Ltd. | 4.000% | 12/15/26 | 14,738 | 14,161 | ||
Packaging Corp. of America | 3.650% | 9/15/24 | 7,313 | 7,138 | ||
Packaging Corp. of America | 3.400% | 12/15/27 | 10,973 | 10,150 | ||
PPG Industries Inc. | 2.400% | 8/15/24 | 7,227 | 6,930 | ||
PPG Industries Inc. | 1.200% | 3/15/26 | 18,763 | 16,607 | ||
Reliance Steel & Aluminum Co. | 1.300% | 8/15/25 | 5,850 | 5,283 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
RPM International Inc. | 3.750% | 3/15/27 | 15,358 | 14,367 | ||
Sherwin-Williams Co. | 3.125% | 6/1/24 | 33,036 | 32,098 | ||
Sherwin-Williams Co. | 4.050% | 8/8/24 | 10,573 | 10,369 | ||
Sherwin-Williams Co. | 3.450% | 8/1/25 | 9,124 | 8,740 | ||
Sherwin-Williams Co. | 4.250% | 8/8/25 | 3,350 | 3,265 | ||
Sherwin-Williams Co. | 3.450% | 6/1/27 | 34,905 | 32,724 | ||
Sonoco Products Co. | 2.250% | 2/1/27 | 8,928 | 8,004 | ||
Southern Copper Corp. | 3.875% | 4/23/25 | 9,094 | 8,800 | ||
Steel Dynamics Inc. | 2.800% | 12/15/24 | 14,786 | 14,083 | ||
Steel Dynamics Inc. | 2.400% | 6/15/25 | 19,462 | 18,162 | ||
Vale Overseas Ltd. | 6.250% | 8/10/26 | 22,014 | 22,453 | ||
Vulcan Materials Co. | 4.500% | 4/1/25 | 7,256 | 7,151 | ||
Vulcan Materials Co. | 3.900% | 4/1/27 | 10,822 | 10,321 | ||
Westlake Corp. | 3.600% | 8/15/26 | 19,565 | 18,399 | ||
WRKCo Inc. | 3.000% | 9/15/24 | 2,668 | 2,566 | ||
WRKCo Inc. | 3.750% | 3/15/25 | 25,655 | 24,865 | ||
WRKCo Inc. | 4.650% | 3/15/26 | 20,008 | 19,603 | ||
982,872 | ||||||
Real Estate (3.6%) | ||||||
Alexandria Real Estate Equities Inc. | 3.450% | 4/30/25 | 24,281 | 23,272 | ||
Alexandria Real Estate Equities Inc. | 4.300% | 1/15/26 | 6,621 | 6,431 | ||
Alexandria Real Estate Equities Inc. | 3.800% | 4/15/26 | 7,146 | 6,843 | ||
Alexandria Real Estate Equities Inc. | 3.950% | 1/15/27 | 8,263 | 7,892 | ||
Alexandria Real Estate Equities Inc. | 3.950% | 1/15/28 | 3,230 | 3,045 | ||
American Homes 4 Rent LP | 4.250% | 2/15/28 | 5,000 | 4,669 | ||
American Tower Corp. | 3.375% | 5/15/24 | 17,275 | 16,813 | ||
American Tower Corp. | 2.950% | 1/15/25 | 14,909 | 14,204 | ||
American Tower Corp. | 2.400% | 3/15/25 | 18,055 | 16,946 | ||
American Tower Corp. | 4.000% | 6/1/25 | 17,984 | 17,401 | ||
American Tower Corp. | 1.300% | 9/15/25 | 5,808 | 5,221 | ||
American Tower Corp. | 4.400% | 2/15/26 | 11,349 | 11,018 | ||
American Tower Corp. | 1.600% | 4/15/26 | 12,634 | 11,247 | ||
American Tower Corp. | 1.450% | 9/15/26 | 10,728 | 9,331 | ||
American Tower Corp. | 3.375% | 10/15/26 | 23,966 | 22,273 | ||
American Tower Corp. | 2.750% | 1/15/27 | 3,703 | 3,342 | ||
American Tower Corp. | 3.125% | 1/15/27 | 6,401 | 5,867 | ||
American Tower Corp. | 3.650% | 3/15/27 | 5,492 | 5,116 | ||
American Tower Corp. | 3.550% | 7/15/27 | 21,804 | 20,144 | ||
American Tower Corp. | 1.500% | 1/31/28 | 10,976 | 9,069 | ||
1 | AvalonBay Communities Inc. | 3.500% | 11/15/24 | 10,880 | 10,525 | |
1 | AvalonBay Communities Inc. | 3.450% | 6/1/25 | 12,219 | 11,737 | |
1 | AvalonBay Communities Inc. | 3.500% | 11/15/25 | 3,715 | 3,548 | |
1 | AvalonBay Communities Inc. | 2.950% | 5/11/26 | 12,165 | 11,359 | |
1 | AvalonBay Communities Inc. | 2.900% | 10/15/26 | 1,847 | 1,698 | |
1 | AvalonBay Communities Inc. | 3.350% | 5/15/27 | 4,250 | 3,955 | |
1 | AvalonBay Communities Inc. | 3.200% | 1/15/28 | 9,126 | 8,387 | |
Boston Properties LP | 3.200% | 1/15/25 | 12,415 | 11,854 | ||
Boston Properties LP | 3.650% | 2/1/26 | 27,966 | 26,506 | ||
Boston Properties LP | 2.750% | 10/1/26 | 21,593 | 19,485 | ||
Boston Properties LP | 6.750% | 12/1/27 | 17,930 | 18,614 | ||
Brandywine Operating Partnership LP | 4.100% | 10/1/24 | 8,484 | 8,158 | ||
Brandywine Operating Partnership LP | 3.950% | 11/15/27 | 200 | 169 | ||
Brixmor Operating Partnership LP | 3.650% | 6/15/24 | 16,132 | 15,625 | ||
Brixmor Operating Partnership LP | 3.850% | 2/1/25 | 15,680 | 15,060 | ||
Brixmor Operating Partnership LP | 4.125% | 6/15/26 | 11,661 | 11,001 | ||
Brixmor Operating Partnership LP | 3.900% | 3/15/27 | 5,524 | 5,125 | ||
CBRE Services Inc. | 4.875% | 3/1/26 | 13,939 | 13,636 | ||
Corporate Office Properties LP | 2.250% | 3/15/26 | 14,318 | 12,796 | ||
Crown Castle Inc. | 3.200% | 9/1/24 | 30,796 | 29,756 | ||
Crown Castle Inc. | 1.350% | 7/15/25 | 4,154 | 3,773 | ||
Crown Castle Inc. | 4.450% | 2/15/26 | 23,745 | 23,074 | ||
Crown Castle Inc. | 3.700% | 6/15/26 | 24,425 | 23,111 | ||
Crown Castle Inc. | 1.050% | 7/15/26 | 19,052 | 16,483 | ||
Crown Castle Inc. | 4.000% | 3/1/27 | 12,410 | 11,825 | ||
Crown Castle Inc. | 2.900% | 3/15/27 | 7,808 | 7,095 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Crown Castle Inc. | 5.000% | 1/11/28 | 40,000 | 39,412 | ||
Crown Castle Inc. | 3.800% | 2/15/28 | 3,000 | 2,790 | ||
CubeSmart LP | 4.000% | 11/15/25 | 7,921 | 7,605 | ||
CubeSmart LP | 3.125% | 9/1/26 | 2,983 | 2,750 | ||
Digital Realty Trust LP | 3.700% | 8/15/27 | 11,644 | 10,790 | ||
Digital Realty Trust LP | 5.550% | 1/15/28 | 23,089 | 23,007 | ||
EPR Properties | 4.500% | 4/1/25 | 5,355 | 5,163 | ||
EPR Properties | 4.500% | 6/1/27 | 20,460 | 18,213 | ||
Equinix Inc. | 2.625% | 11/18/24 | 23,414 | 22,291 | ||
Equinix Inc. | 1.250% | 7/15/25 | 5,178 | 4,683 | ||
Equinix Inc. | 1.000% | 9/15/25 | 14,563 | 13,010 | ||
Equinix Inc. | 1.450% | 5/15/26 | 17,376 | 15,327 | ||
Equinix Inc. | 2.900% | 11/18/26 | 2,498 | 2,282 | ||
Equinix Inc. | 1.800% | 7/15/27 | 16,880 | 14,481 | ||
ERP Operating LP | 3.375% | 6/1/25 | 15,429 | 14,787 | ||
ERP Operating LP | 2.850% | 11/1/26 | 8,339 | 7,675 | ||
Essex Portfolio LP | 3.875% | 5/1/24 | 8,870 | 8,671 | ||
Essex Portfolio LP | 3.500% | 4/1/25 | 18,464 | 17,748 | ||
Essex Portfolio LP | 3.375% | 4/15/26 | 2,761 | 2,581 | ||
Essex Portfolio LP | 3.625% | 5/1/27 | 8,927 | 8,340 | ||
Federal Realty Investment Trust | 1.250% | 2/15/26 | 8,450 | 7,507 | ||
Federal Realty Investment Trust | 3.250% | 7/15/27 | 4,760 | 4,365 | ||
GLP Capital LP | 3.350% | 9/1/24 | 10,368 | 9,949 | ||
GLP Capital LP | 5.250% | 6/1/25 | 19,485 | 19,108 | ||
GLP Capital LP | 5.375% | 4/15/26 | 17,202 | 16,784 | ||
Healthcare Realty Holdings LP | 3.500% | 8/1/26 | 20,229 | 18,810 | ||
Healthcare Realty Holdings LP | 3.750% | 7/1/27 | 9,230 | 8,575 | ||
Healthpeak Properties Interim Inc. | 3.400% | 2/1/25 | 9,565 | 9,213 | ||
Healthpeak Properties Interim Inc. | 4.000% | 6/1/25 | 4,727 | 4,586 | ||
Healthpeak Properties Interim Inc. | 3.250% | 7/15/26 | 14,607 | 13,688 | ||
Healthpeak Properties Interim Inc. | 1.350% | 2/1/27 | 5,051 | 4,399 | ||
Highwoods Realty LP | 3.875% | 3/1/27 | 10,173 | 9,381 | ||
Host Hotels & Resorts LP | 3.875% | 4/1/24 | 7,215 | 7,052 | ||
1 | Host Hotels & Resorts LP | 4.000% | 6/15/25 | 11,995 | 11,669 | |
1 | Host Hotels & Resorts LP | 4.500% | 2/1/26 | 7,692 | 7,439 | |
Hudson Pacific Properties LP | 3.950% | 11/1/27 | 6,176 | 5,340 | ||
Hudson Pacific Properties LP | 5.950% | 2/15/28 | 7,330 | 6,976 | ||
Kilroy Realty LP | 3.450% | 12/15/24 | 7,280 | 6,973 | ||
Kilroy Realty LP | 4.375% | 10/1/25 | 11,428 | 10,983 | ||
Kimco Realty OP LLC | 2.700% | 3/1/24 | 10,082 | 9,781 | ||
Kimco Realty OP LLC | 3.300% | 2/1/25 | 15,693 | 15,051 | ||
Kimco Realty OP LLC | 2.800% | 10/1/26 | 1,633 | 1,492 | ||
Kimco Realty OP LLC | 3.800% | 4/1/27 | 11,430 | 10,716 | ||
Kite Realty Group LP | 4.000% | 10/1/26 | 11,076 | 10,255 | ||
Kite Realty Group Trust | 4.000% | 3/15/25 | 3,525 | 3,368 | ||
Life Storage LP | 3.500% | 7/1/26 | 13,338 | 12,582 | ||
Mid-America Apartments LP | 3.750% | 6/15/24 | 10,617 | 10,381 | ||
Mid-America Apartments LP | 4.000% | 11/15/25 | 11,020 | 10,634 | ||
Mid-America Apartments LP | 1.100% | 9/15/26 | 10,004 | 8,669 | ||
Mid-America Apartments LP | 3.600% | 6/1/27 | 13,406 | 12,672 | ||
National Retail Properties Inc. | 3.900% | 6/15/24 | 7,074 | 6,915 | ||
National Retail Properties Inc. | 4.000% | 11/15/25 | 12,157 | 11,701 | ||
National Retail Properties Inc. | 3.600% | 12/15/26 | 5,135 | 4,783 | ||
National Retail Properties Inc. | 3.500% | 10/15/27 | 2,500 | 2,283 | ||
Omega Healthcare Investors Inc. | 4.950% | 4/1/24 | 4,395 | 4,326 | ||
Omega Healthcare Investors Inc. | 4.500% | 1/15/25 | 10,108 | 9,850 | ||
Omega Healthcare Investors Inc. | 5.250% | 1/15/26 | 14,329 | 14,045 | ||
Omega Healthcare Investors Inc. | 4.500% | 4/1/27 | 15,407 | 14,557 | ||
Omega Healthcare Investors Inc. | 4.750% | 1/15/28 | 6,485 | 6,090 | ||
Physicians Realty LP | 4.300% | 3/15/27 | 6,114 | 5,819 | ||
Physicians Realty LP | 3.950% | 1/15/28 | 4,345 | 4,009 | ||
Piedmont Operating Partnership LP | 4.450% | 3/15/24 | 7,189 | 7,091 | ||
Prologis LP | 3.250% | 6/30/26 | 9,298 | 8,804 | ||
Prologis LP | 3.250% | 10/1/26 | 13,871 | 13,117 | ||
Prologis LP | 2.125% | 4/15/27 | 9,918 | 8,931 | ||
Prologis LP | 3.375% | 12/15/27 | 10,000 | 9,340 | ||
Public Storage | 0.875% | 2/15/26 | 2,475 | 2,191 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Public Storage | 1.500% | 11/9/26 | 18,336 | 16,242 | ||
Public Storage | 3.094% | 9/15/27 | 5,181 | 4,794 | ||
Realty Income Corp. | 3.875% | 7/15/24 | 5,906 | 5,778 | ||
Realty Income Corp. | 3.875% | 4/15/25 | 17,574 | 17,034 | ||
Realty Income Corp. | 4.625% | 11/1/25 | 11,488 | 11,287 | ||
Realty Income Corp. | 5.050% | 1/13/26 | 200 | 198 | ||
Realty Income Corp. | 0.750% | 3/15/26 | 1,932 | 1,684 | ||
Realty Income Corp. | 4.875% | 6/1/26 | 15,067 | 14,924 | ||
Realty Income Corp. | 4.125% | 10/15/26 | 12,148 | 11,709 | ||
Realty Income Corp. | 3.000% | 1/15/27 | 15,246 | 14,084 | ||
Realty Income Corp. | 3.950% | 8/15/27 | 5,896 | 5,615 | ||
Realty Income Corp. | 3.400% | 1/15/28 | 17,322 | 16,053 | ||
Regency Centers LP | 3.600% | 2/1/27 | 9,785 | 9,197 | ||
Sabra Health Care LP | 5.125% | 8/15/26 | 6,372 | 6,023 | ||
Simon Property Group LP | 2.000% | 9/13/24 | 25,125 | 23,922 | ||
Simon Property Group LP | 3.375% | 10/1/24 | 8,408 | 8,151 | ||
Simon Property Group LP | 3.500% | 9/1/25 | 32,624 | 31,299 | ||
Simon Property Group LP | 3.300% | 1/15/26 | 15,617 | 14,816 | ||
Simon Property Group LP | 3.250% | 11/30/26 | 19,867 | 18,546 | ||
Simon Property Group LP | 1.375% | 1/15/27 | 1,467 | 1,281 | ||
Simon Property Group LP | 3.375% | 12/1/27 | 22,017 | 20,356 | ||
Simon Property Group LP | 1.750% | 2/1/28 | 10,066 | 8,602 | ||
SITE Centers Corp. | 3.625% | 2/1/25 | 7,398 | 7,041 | ||
SITE Centers Corp. | 4.250% | 2/1/26 | 2,842 | 2,679 | ||
SITE Centers Corp. | 4.700% | 6/1/27 | 9,966 | 9,344 | ||
Spirit Realty LP | 4.450% | 9/15/26 | 5,347 | 5,106 | ||
Spirit Realty LP | 3.200% | 1/15/27 | 2,374 | 2,138 | ||
Tanger Properties LP | 3.125% | 9/1/26 | 7,914 | 7,178 | ||
Tanger Properties LP | 3.875% | 7/15/27 | 6,308 | 5,794 | ||
1 | UDR Inc. | 2.950% | 9/1/26 | 5,753 | 5,296 | |
Ventas Realty LP | 3.500% | 4/15/24 | 11,336 | 11,029 | ||
Ventas Realty LP | 3.750% | 5/1/24 | 14,992 | 14,646 | ||
Ventas Realty LP | 2.650% | 1/15/25 | 6,071 | 5,737 | ||
Ventas Realty LP | 3.500% | 2/1/25 | 4,683 | 4,496 | ||
Ventas Realty LP | 4.125% | 1/15/26 | 12,623 | 12,146 | ||
Ventas Realty LP | 3.250% | 10/15/26 | 9,254 | 8,530 | ||
Ventas Realty LP | 3.850% | 4/1/27 | 9,951 | 9,414 | ||
VICI Properties LP | 4.375% | 5/15/25 | 12,070 | 11,631 | ||
Vornado Realty LP | 3.500% | 1/15/25 | 10,567 | 10,027 | ||
Vornado Realty LP | 2.150% | 6/1/26 | 9,020 | 7,769 | ||
Welltower OP LLC | 3.625% | 3/15/24 | 28,573 | 27,997 | ||
Welltower OP LLC | 4.000% | 6/1/25 | 24,780 | 23,953 | ||
Welltower OP LLC | 4.250% | 4/1/26 | 8,435 | 8,140 | ||
Welltower OP LLC | 2.700% | 2/15/27 | 12,918 | 11,654 | ||
WP Carey Inc. | 4.600% | 4/1/24 | 7,464 | 7,371 | ||
WP Carey Inc. | 4.000% | 2/1/25 | 12,694 | 12,390 | ||
WP Carey Inc. | 4.250% | 10/1/26 | 3,326 | 3,206 | ||
1,704,662 | ||||||
Technology (8.0%) | ||||||
Adobe Inc. | 1.900% | 2/1/25 | 6,385 | 6,029 | ||
Adobe Inc. | 3.250% | 2/1/25 | 23,325 | 22,585 | ||
Adobe Inc. | 2.150% | 2/1/27 | 26,486 | 24,075 | ||
Analog Devices Inc. | 2.950% | 4/1/25 | 14,482 | 13,858 | ||
Analog Devices Inc. | 3.500% | 12/5/26 | 7,523 | 7,138 | ||
2 | Analog Devices Inc. | 3.450% | 6/15/27 | 11,083 | 10,471 | |
Apple Inc. | 3.450% | 5/6/24 | 66,256 | 65,049 | ||
Apple Inc. | 2.850% | 5/11/24 | 47,064 | 45,880 | ||
Apple Inc. | 1.800% | 9/11/24 | 7,137 | 6,800 | ||
Apple Inc. | 2.750% | 1/13/25 | 32,735 | 31,471 | ||
Apple Inc. | 2.500% | 2/9/25 | 31,539 | 30,154 | ||
Apple Inc. | 1.125% | 5/11/25 | 60,914 | 56,265 | ||
Apple Inc. | 3.200% | 5/13/25 | 39,321 | 37,979 | ||
Apple Inc. | 0.550% | 8/20/25 | 16,414 | 14,799 | ||
Apple Inc. | 0.700% | 2/8/26 | 47,678 | 42,308 | ||
Apple Inc. | 3.250% | 2/23/26 | 82,472 | 78,955 | ||
Apple Inc. | 2.450% | 8/4/26 | 26,302 | 24,344 | ||
Apple Inc. | 2.050% | 9/11/26 | 46,005 | 41,879 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Apple Inc. | 3.350% | 2/9/27 | 27,193 | 25,914 | ||
Apple Inc. | 3.200% | 5/11/27 | 52,435 | 49,543 | ||
Apple Inc. | 3.000% | 6/20/27 | 28,197 | 26,497 | ||
Apple Inc. | 2.900% | 9/12/27 | 29,324 | 27,263 | ||
Apple Inc. | 3.000% | 11/13/27 | 12,380 | 11,530 | ||
Apple Inc. | 1.200% | 2/8/28 | 7,825 | 6,633 | ||
Applied Materials Inc. | 3.900% | 10/1/25 | 16,795 | 16,340 | ||
Applied Materials Inc. | 3.300% | 4/1/27 | 29,393 | 27,783 | ||
Arrow Electronics Inc. | 3.250% | 9/8/24 | 15,944 | 15,394 | ||
Arrow Electronics Inc. | 4.000% | 4/1/25 | 5,759 | 5,570 | ||
Autodesk Inc. | 4.375% | 6/15/25 | 10,884 | 10,714 | ||
Autodesk Inc. | 3.500% | 6/15/27 | 10,846 | 10,178 | ||
Automatic Data Processing Inc. | 3.375% | 9/15/25 | 29,921 | 28,828 | ||
Avnet Inc. | 4.625% | 4/15/26 | 2,220 | 2,133 | ||
Broadcom Corp. | 3.875% | 1/15/27 | 61,751 | 58,272 | ||
Broadcom Corp. | 3.500% | 1/15/28 | 12,505 | 11,421 | ||
Broadcom Inc. | 2.250% | 11/15/23 | 4,851 | 4,735 | ||
Broadcom Inc. | 3.625% | 10/15/24 | 15,213 | 14,757 | ||
Broadcom Inc. | 3.150% | 11/15/25 | 4,197 | 3,951 | ||
Broadcom Inc. | 3.459% | 9/15/26 | 27,923 | 26,089 | ||
Broadridge Financial Solutions Inc. | 3.400% | 6/27/26 | 2,206 | 2,069 | ||
Cadence Design Systems Inc. | 4.375% | 10/15/24 | 2,038 | 2,005 | ||
CDW LLC | 4.125% | 5/1/25 | 11,969 | 11,476 | ||
CDW LLC | 2.670% | 12/1/26 | 2,355 | 2,095 | ||
CGI Inc. | 1.450% | 9/14/26 | 13,943 | 12,255 | ||
Cintas Corp. No. 2 | 3.700% | 4/1/27 | 26,559 | 25,355 | ||
Cisco Systems Inc. | 3.625% | 3/4/24 | 14,961 | 14,737 | ||
Cisco Systems Inc. | 3.500% | 6/15/25 | 7,781 | 7,542 | ||
Cisco Systems Inc. | 2.950% | 2/28/26 | 21,885 | 20,730 | ||
Cisco Systems Inc. | 2.500% | 9/20/26 | 36,427 | 33,695 | ||
Dell International LLC | 4.000% | 7/15/24 | 24,376 | 23,887 | ||
Dell International LLC | 5.850% | 7/15/25 | 15,128 | 15,232 | ||
Dell International LLC | 6.020% | 6/15/26 | 91,439 | 92,493 | ||
Dell International LLC | 4.900% | 10/1/26 | 35,458 | 34,669 | ||
Dell International LLC | 6.100% | 7/15/27 | 10,881 | 11,180 | ||
Dell International LLC | 5.250% | 2/1/28 | 20,400 | 20,064 | ||
DXC Technology Co. | 1.800% | 9/15/26 | 24,950 | 21,688 | ||
Equifax Inc. | 2.600% | 12/1/24 | 24,405 | 23,204 | ||
Equifax Inc. | 2.600% | 12/15/25 | 16,042 | 14,840 | ||
Fidelity National Information Services Inc. | 0.600% | 3/1/24 | 6,419 | 6,117 | ||
Fidelity National Information Services Inc. | 4.500% | 7/15/25 | 18,120 | 17,714 | ||
Fidelity National Information Services Inc. | 1.150% | 3/1/26 | 40,662 | 35,660 | ||
Fidelity National Information Services Inc. | 4.700% | 7/15/27 | 6,903 | 6,718 | ||
Fiserv Inc. | 2.750% | 7/1/24 | 58,429 | 56,252 | ||
Fiserv Inc. | 3.850% | 6/1/25 | 2,228 | 2,146 | ||
Fiserv Inc. | 3.200% | 7/1/26 | 44,960 | 41,980 | ||
Fiserv Inc. | 2.250% | 6/1/27 | 22,996 | 20,403 | ||
Flex Ltd. | 4.750% | 6/15/25 | 13,551 | 13,236 | ||
Flex Ltd. | 3.750% | 2/1/26 | 19,447 | 18,477 | ||
Fortinet Inc. | 1.000% | 3/15/26 | 11,065 | 9,692 | ||
Genpact Luxembourg Sarl | 3.375% | 12/1/24 | 11,237 | 10,733 | ||
GXO Logistics Inc. | 1.650% | 7/15/26 | 11,551 | 9,907 | ||
Harman International Industries Inc. | 4.150% | 5/15/25 | 6,994 | 6,770 | ||
Hewlett Packard Enterprise Co. | 1.450% | 4/1/24 | 16,328 | 15,625 | ||
Hewlett Packard Enterprise Co. | 4.900% | 10/15/25 | 42,546 | 42,190 | ||
Hewlett Packard Enterprise Co. | 1.750% | 4/1/26 | 24,554 | 22,048 | ||
HP Inc. | 2.200% | 6/17/25 | 30,546 | 28,518 | ||
HP Inc. | 1.450% | 6/17/26 | 13,847 | 12,154 | ||
HP Inc. | 3.000% | 6/17/27 | 28,757 | 26,152 | ||
HP Inc. | 4.750% | 1/15/28 | 18,850 | 18,148 | ||
Hubbell Inc. | 3.350% | 3/1/26 | 10,695 | 10,130 | ||
Hubbell Inc. | 3.150% | 8/15/27 | 2,904 | 2,677 | ||
Intel Corp. | 2.875% | 5/11/24 | 36,280 | 35,297 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Intel Corp. | 3.400% | 3/25/25 | 32,498 | 31,439 | ||
Intel Corp. | 3.700% | 7/29/25 | 50,578 | 48,927 | ||
Intel Corp. | 2.600% | 5/19/26 | 24,343 | 22,603 | ||
Intel Corp. | 3.750% | 3/25/27 | 25,012 | 23,892 | ||
Intel Corp. | 3.150% | 5/11/27 | 24,825 | 23,075 | ||
Intel Corp. | 3.750% | 8/5/27 | 12,876 | 12,235 | ||
Intel Corp. | 4.875% | 2/10/28 | 46,500 | 45,824 | ||
International Business Machines Corp. | 3.000% | 5/15/24 | 71,354 | 69,372 | ||
International Business Machines Corp. | 7.000% | 10/30/25 | 12,868 | 13,470 | ||
International Business Machines Corp. | 3.450% | 2/19/26 | 21,789 | 20,767 | ||
International Business Machines Corp. | 3.300% | 5/15/26 | 84,149 | 79,518 | ||
International Business Machines Corp. | 3.300% | 1/27/27 | 11,064 | 10,376 | ||
International Business Machines Corp. | 1.700% | 5/15/27 | 36,872 | 32,324 | ||
International Business Machines Corp. | 4.150% | 7/27/27 | 12,485 | 12,068 | ||
International Business Machines Corp. | 6.220% | 8/1/27 | 6,227 | 6,533 | ||
International Business Machines Corp. | 4.500% | 2/6/28 | 20,900 | 20,346 | ||
Intuit Inc. | 0.950% | 7/15/25 | 16,784 | 15,230 | ||
Jabil Inc. | 1.700% | 4/15/26 | 14,901 | 13,269 | ||
Jabil Inc. | 4.250% | 5/15/27 | 7,575 | 7,199 | ||
Juniper Networks Inc. | 1.200% | 12/10/25 | 13,927 | 12,387 | ||
KLA Corp. | 4.650% | 11/1/24 | 16,485 | 16,325 | ||
Kyndryl Holdings Inc. | 2.050% | 10/15/26 | 14,595 | 12,551 | ||
Lam Research Corp. | 3.800% | 3/15/25 | 9,524 | 9,270 | ||
Lam Research Corp. | 3.750% | 3/15/26 | 3,113 | 2,999 | ||
Legrand France SA | 8.500% | 2/15/25 | 9,075 | 9,660 | ||
Leidos Inc. | 3.625% | 5/15/25 | 11,312 | 10,866 | ||
Marvell Technology Inc. | 1.650% | 4/15/26 | 2,113 | 1,882 | ||
Microchip Technology Inc. | 4.250% | 9/1/25 | 25,720 | 24,910 | ||
Micron Technology Inc. | 4.975% | 2/6/26 | 15,835 | 15,618 | ||
Micron Technology Inc. | 4.185% | 2/15/27 | 8,419 | 7,969 | ||
Microsoft Corp. | 2.700% | 2/12/25 | 34,125 | 32,846 | ||
Microsoft Corp. | 3.125% | 11/3/25 | 56,879 | 54,507 | ||
Microsoft Corp. | 2.400% | 8/8/26 | 81,795 | 75,817 | ||
Microsoft Corp. | 3.300% | 2/6/27 | 92,887 | 88,728 | ||
Moody's Corp. | 3.750% | 3/24/25 | 7,913 | 7,657 | ||
Motorola Solutions Inc. | 4.000% | 9/1/24 | 1,770 | 1,735 | ||
NetApp Inc. | 3.300% | 9/29/24 | 10,424 | 10,071 | ||
NetApp Inc. | 1.875% | 6/22/25 | 4,404 | 4,057 | ||
NetApp Inc. | 2.375% | 6/22/27 | 12,688 | 11,406 | ||
NVIDIA Corp. | 0.584% | 6/14/24 | 8,734 | 8,238 | ||
NVIDIA Corp. | 3.200% | 9/16/26 | 27,758 | 26,348 | ||
NXP BV | 4.875% | 3/1/24 | 20,244 | 20,071 | ||
NXP BV | 2.700% | 5/1/25 | 19,535 | 18,347 | ||
NXP BV | 5.350% | 3/1/26 | 3,124 | 3,093 | ||
NXP BV | 3.875% | 6/18/26 | 18,321 | 17,394 | ||
NXP BV | 3.150% | 5/1/27 | 17,379 | 15,860 | ||
NXP BV | 4.400% | 6/1/27 | 7,056 | 6,757 | ||
Oracle Corp. | 3.400% | 7/8/24 | 49,839 | 48,491 | ||
Oracle Corp. | 2.950% | 11/15/24 | 46,309 | 44,417 | ||
Oracle Corp. | 2.500% | 4/1/25 | 72,093 | 67,991 | ||
Oracle Corp. | 2.950% | 5/15/25 | 48,536 | 46,031 | ||
Oracle Corp. | 1.650% | 3/25/26 | 59,667 | 53,308 | ||
Oracle Corp. | 2.650% | 7/15/26 | 89,507 | 81,793 | ||
Oracle Corp. | 2.800% | 4/1/27 | 58,033 | 52,657 | ||
Oracle Corp. | 3.250% | 11/15/27 | 24,440 | 22,361 | ||
Oracle Corp. | 2.300% | 3/25/28 | 1,795 | 1,557 | ||
2 | Qorvo Inc. | 1.750% | 12/15/24 | 10,728 | 9,945 | |
QUALCOMM Inc. | 2.900% | 5/20/24 | 2,046 | 1,992 | ||
QUALCOMM Inc. | 3.450% | 5/20/25 | 33,474 | 32,325 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
QUALCOMM Inc. | 3.250% | 5/20/27 | 49,677 | 46,699 | ||
Quanta Services Inc. | 0.950% | 10/1/24 | 1,552 | 1,440 | ||
Roper Technologies Inc. | 2.350% | 9/15/24 | 8,535 | 8,147 | ||
Roper Technologies Inc. | 1.000% | 9/15/25 | 21,832 | 19,659 | ||
Roper Technologies Inc. | 3.850% | 12/15/25 | 4,400 | 4,238 | ||
Roper Technologies Inc. | 3.800% | 12/15/26 | 18,694 | 17,787 | ||
S&P Global Inc. | 2.950% | 1/22/27 | 12,665 | 11,842 | ||
2 | S&P Global Inc. | 2.450% | 3/1/27 | 15,110 | 13,710 | |
Skyworks Solutions Inc. | 1.800% | 6/1/26 | 19,102 | 16,816 | ||
TD SYNNEX Corp. | 1.250% | 8/9/24 | 9,345 | 8,725 | ||
TD SYNNEX Corp. | 1.750% | 8/9/26 | 16,593 | 14,283 | ||
Texas Instruments Inc. | 2.625% | 5/15/24 | 9,698 | 9,414 | ||
Texas Instruments Inc. | 1.375% | 3/12/25 | 25,443 | 23,688 | ||
Texas Instruments Inc. | 1.125% | 9/15/26 | 6,813 | 5,994 | ||
Texas Instruments Inc. | 4.600% | 2/15/28 | 5,670 | 5,639 | ||
TSMC Arizona Corp. | 1.750% | 10/25/26 | 42,173 | 37,257 | ||
TSMC Arizona Corp. | 3.875% | 4/22/27 | 1,830 | 1,757 | ||
Verisk Analytics Inc. | 4.000% | 6/15/25 | 26,217 | 25,362 | ||
VMware Inc. | 1.000% | 8/15/24 | 12,510 | 11,692 | ||
VMware Inc. | 4.500% | 5/15/25 | 2,717 | 2,661 | ||
VMware Inc. | 1.400% | 8/15/26 | 45,631 | 39,378 | ||
VMware Inc. | 4.650% | 5/15/27 | 8,126 | 7,846 | ||
VMware Inc. | 3.900% | 8/21/27 | 28,741 | 26,860 | ||
Western Digital Corp. | 4.750% | 2/15/26 | 55,115 | 51,956 | ||
Workday Inc. | 3.500% | 4/1/27 | 36,192 | 33,821 | ||
Xilinx Inc. | 2.950% | 6/1/24 | 13,028 | 12,653 | ||
3,759,572 | ||||||
Utilities (5.0%) | ||||||
AEP Transmission Co. LLC | 3.100% | 12/1/26 | 7,871 | 7,367 | ||
AES Corp. | 1.375% | 1/15/26 | 2,179 | 1,926 | ||
Alabama Power Co. | 3.750% | 9/1/27 | 10,995 | 10,489 | ||
Ameren Corp. | 2.500% | 9/15/24 | 13,396 | 12,775 | ||
Ameren Corp. | 3.650% | 2/15/26 | 10,135 | 9,640 | ||
Ameren Corp. | 1.950% | 3/15/27 | 10,323 | 9,096 | ||
Ameren Illinois Co. | 3.250% | 3/1/25 | 1,322 | 1,270 | ||
American Electric Power Co. Inc. | 2.031% | 3/15/24 | 2,021 | 1,945 | ||
1 | American Electric Power Co. Inc. | 1.000% | 11/1/25 | 1,367 | 1,220 | |
American Electric Power Co. Inc. | 5.750% | 11/1/27 | 23,767 | 24,312 | ||
American Electric Power Co. Inc. | 3.875% | 2/15/62 | 16,119 | 13,496 | ||
American Water Capital Corp. | 3.850% | 3/1/24 | 4,481 | 4,407 | ||
American Water Capital Corp. | 3.400% | 3/1/25 | 5,222 | 5,031 | ||
American Water Capital Corp. | 2.950% | 9/1/27 | 12,285 | 11,265 | ||
Appalachian Power Co. | 3.400% | 6/1/25 | 9,155 | 8,753 | ||
1 | Appalachian Power Co. | 3.300% | 6/1/27 | 7,816 | 7,334 | |
Arizona Public Service Co. | 3.150% | 5/15/25 | 2,069 | 1,964 | ||
Atmos Energy Corp. | 3.000% | 6/15/27 | 15,052 | 13,990 | ||
Avangrid Inc. | 3.150% | 12/1/24 | 13,937 | 13,384 | ||
Avangrid Inc. | 3.200% | 4/15/25 | 15,820 | 15,020 | ||
Baltimore Gas & Electric Co. | 2.400% | 8/15/26 | 11,069 | 10,110 | ||
Berkshire Hathaway Energy Co. | 3.500% | 2/1/25 | 9,244 | 8,948 | ||
Berkshire Hathaway Energy Co. | 4.050% | 4/15/25 | 17,516 | 17,139 | ||
Black Hills Corp. | 1.037% | 8/23/24 | 13,020 | 12,179 | ||
Black Hills Corp. | 3.950% | 1/15/26 | 2,202 | 2,113 | ||
Black Hills Corp. | 3.150% | 1/15/27 | 8,399 | 7,748 | ||
1 | CenterPoint Energy Houston Electric LLC | 2.400% | 9/1/26 | 10,354 | 9,443 | |
1 | CenterPoint Energy Houston Electric LLC | 3.000% | 2/1/27 | 7,002 | 6,577 | |
CenterPoint Energy Inc. | 2.500% | 9/1/24 | 17,667 | 16,885 | ||
CenterPoint Energy Inc. | 1.450% | 6/1/26 | 4,280 | 3,804 | ||
CenterPoint Energy Resources Corp. | 5.250% | 3/1/28 | 5,510 | 5,505 | ||
Cleco Corporate Holdings LLC | 3.743% | 5/1/26 | 14,623 | 13,698 | ||
Cleveland Electric Illuminating Co. | 5.500% | 8/15/24 | 3,831 | 3,827 | ||
CMS Energy Corp. | 3.000% | 5/15/26 | 13,398 | 12,480 | ||
Commonwealth Edison Co. | 2.550% | 6/15/26 | 9,169 | 8,473 | ||
1 | Connecticut Light & Power Co. | 0.750% | 12/1/25 | 6,848 | 6,083 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Connecticut Light & Power Co. | 3.200% | 3/15/27 | 24,561 | 23,081 | |
1 | Consolidated Edison Co. of New York Inc. | 3.125% | 11/15/27 | 3,265 | 2,996 | |
Constellation Energy Generation LLC | 3.250% | 6/1/25 | 20,025 | 19,035 | ||
Constellation Energy Generation LLC | 5.600% | 3/1/28 | 1,200 | 1,204 | ||
Consumers Energy Co. | 4.650% | 3/1/28 | 13,000 | 12,810 | ||
Dominion Energy Inc. | 3.071% | 8/15/24 | 8,570 | 8,262 | ||
1 | Dominion Energy Inc. | 3.300% | 3/15/25 | 10,372 | 9,929 | |
Dominion Energy Inc. | 3.900% | 10/1/25 | 16,513 | 15,967 | ||
1 | Dominion Energy Inc. | 1.450% | 4/15/26 | 19,636 | 17,435 | |
1 | Dominion Energy Inc. | 2.850% | 8/15/26 | 9,011 | 8,279 | |
1 | Dominion Energy Inc. | 3.600% | 3/15/27 | 2,940 | 2,768 | |
1 | Dominion Energy Inc. | 5.750% | 10/1/54 | 9,520 | 9,182 | |
DTE Electric Co. | 3.650% | 3/15/24 | 3,456 | 3,393 | ||
DTE Electric Co. | 3.375% | 3/1/25 | 8,196 | 7,905 | ||
1 | DTE Electric Co. | 1.900% | 4/1/28 | 3,870 | 3,333 | |
1 | DTE Energy Co. | 2.529% | 10/1/24 | 23,534 | 22,466 | |
DTE Energy Co. | 4.220% | 11/1/24 | 22,740 | 22,258 | ||
1 | DTE Energy Co. | 1.050% | 6/1/25 | 27,959 | 25,320 | |
DTE Energy Co. | 2.850% | 10/1/26 | 10,264 | 9,422 | ||
Duke Energy Carolinas LLC | 2.950% | 12/1/26 | 13,224 | 12,309 | ||
Duke Energy Corp. | 3.750% | 4/15/24 | 23,825 | 23,382 | ||
Duke Energy Corp. | 0.900% | 9/15/25 | 10,449 | 9,345 | ||
Duke Energy Corp. | 5.000% | 12/8/25 | 8,050 | 8,006 | ||
Duke Energy Corp. | 2.650% | 9/1/26 | 36,374 | 33,230 | ||
Duke Energy Corp. | 5.000% | 12/8/27 | 22,832 | 22,649 | ||
Duke Energy Corp. | 3.250% | 1/15/82 | 11,050 | 8,799 | ||
Duke Energy Florida LLC | 3.200% | 1/15/27 | 25,009 | 23,484 | ||
Duke Energy Progress LLC | 3.250% | 8/15/25 | 2,386 | 2,282 | ||
1 | Eastern Energy Gas Holdings LLC | 2.500% | 11/15/24 | 2,626 | 2,507 | |
Eastern Energy Gas Holdings LLC | 3.600% | 12/15/24 | 7,764 | 7,525 | ||
Edison International | 3.550% | 11/15/24 | 15,282 | 14,771 | ||
Edison International | 4.950% | 4/15/25 | 2,936 | 2,893 | ||
Edison International | 5.750% | 6/15/27 | 22,833 | 22,941 | ||
Emera US Finance LP | 3.550% | 6/15/26 | 23,266 | 21,844 | ||
Enel Americas SA | 4.000% | 10/25/26 | 10,673 | 10,351 | ||
Enel Generacion Chile SA | 4.250% | 4/15/24 | 2,750 | 2,692 | ||
Entergy Arkansas LLC | 3.700% | 6/1/24 | 4,671 | 4,579 | ||
Entergy Arkansas LLC | 3.500% | 4/1/26 | 15,441 | 14,767 | ||
Entergy Corp. | 0.900% | 9/15/25 | 19,114 | 17,038 | ||
Entergy Corp. | 2.950% | 9/1/26 | 18,032 | 16,587 | ||
Entergy Louisiana LLC | 0.950% | 10/1/24 | 15,175 | 14,158 | ||
Entergy Louisiana LLC | 5.590% | 10/1/24 | 5,273 | 5,298 | ||
Entergy Louisiana LLC | 5.400% | 11/1/24 | 7,663 | 7,693 | ||
Entergy Louisiana LLC | 2.400% | 10/1/26 | 5,518 | 4,973 | ||
Evergy Inc. | 2.450% | 9/15/24 | 10,226 | 9,741 | ||
Evergy Kansas Central Inc. | 2.550% | 7/1/26 | 14,545 | 13,317 | ||
Evergy Kansas Central Inc. | 3.100% | 4/1/27 | 4,889 | 4,579 | ||
Evergy Metro Inc. | 3.650% | 8/15/25 | 1,917 | 1,831 | ||
1 | Eversource Energy | 3.800% | 12/1/23 | 6,000 | 5,922 | |
1 | Eversource Energy | 2.900% | 10/1/24 | 9,812 | 9,432 | |
1 | Eversource Energy | 0.800% | 8/15/25 | 10,080 | 9,013 | |
1 | Eversource Energy | 1.400% | 8/15/26 | 2,162 | 1,898 | |
Eversource Energy | 2.900% | 3/1/27 | 19,367 | 17,731 | ||
Eversource Energy | 4.600% | 7/1/27 | 13,709 | 13,371 | ||
1 | Eversource Energy | 3.300% | 1/15/28 | 8,570 | 7,889 | |
1 | Exelon Corp. | 3.950% | 6/15/25 | 19,036 | 18,423 | |
Exelon Corp. | 3.400% | 4/15/26 | 10,125 | 9,548 | ||
Exelon Corp. | 2.750% | 3/15/27 | 15,716 | 14,302 | ||
Exelon Corp. | 5.150% | 3/15/28 | 12,500 | 12,393 | ||
Florida Power & Light Co. | 2.750% | 6/1/23 | 5,118 | 5,087 | ||
Florida Power & Light Co. | 3.250% | 6/1/24 | 13,441 | 13,105 | ||
Florida Power & Light Co. | 2.850% | 4/1/25 | 26,629 | 25,455 | ||
Florida Power & Light Co. | 3.125% | 12/1/25 | 13,683 | 13,045 | ||
Fortis Inc. | 3.055% | 10/4/26 | 25,222 | 23,422 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Georgia Power Co. | 2.200% | 9/15/24 | 8,406 | 8,013 | |
Georgia Power Co. | 3.250% | 4/1/26 | 10,440 | 9,844 | ||
Georgia Power Co. | 3.250% | 3/30/27 | 10,763 | 9,953 | ||
1 | Gulf Power Co. | 3.300% | 5/30/27 | 9,193 | 8,595 | |
Iberdrola International BV | 5.810% | 3/15/25 | 7,056 | 7,102 | ||
Interstate Power & Light Co. | 3.250% | 12/1/24 | 11,467 | 11,046 | ||
IPALCO Enterprises Inc. | 3.700% | 9/1/24 | 11,588 | 11,211 | ||
ITC Holdings Corp. | 3.650% | 6/15/24 | 2,548 | 2,483 | ||
ITC Holdings Corp. | 3.250% | 6/30/26 | 11,694 | 10,923 | ||
ITC Holdings Corp. | 3.350% | 11/15/27 | 10,010 | 9,233 | ||
1 | Louisville Gas & Electric Co. | 3.300% | 10/1/25 | 3,466 | 3,295 | |
MidAmerican Energy Co. | 3.500% | 10/15/24 | 19,129 | 18,620 | ||
MidAmerican Energy Co. | 3.100% | 5/1/27 | 12,499 | 11,663 | ||
National Fuel Gas Co. | 5.200% | 7/15/25 | 1,692 | 1,669 | ||
National Fuel Gas Co. | 5.500% | 1/15/26 | 18,393 | 18,321 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 1.000% | 10/18/24 | 3,679 | 3,427 | |
National Rural Utilities Cooperative Finance Corp. | 2.850% | 1/27/25 | 9,444 | 9,038 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 3.450% | 6/15/25 | 8,031 | 7,692 | |
National Rural Utilities Cooperative Finance Corp. | 5.450% | 10/30/25 | 10,537 | 10,574 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 3.250% | 11/1/25 | 6,868 | 6,513 | |
1 | National Rural Utilities Cooperative Finance Corp. | 1.000% | 6/15/26 | 9,303 | 8,135 | |
National Rural Utilities Cooperative Finance Corp. | 3.050% | 4/25/27 | 12,671 | 11,817 | ||
National Rural Utilities Cooperative Finance Corp. | 4.800% | 3/15/28 | 6,190 | 6,097 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 5.250% | 4/20/46 | 4,060 | 3,839 | |
NextEra Energy Capital Holdings Inc. | 2.940% | 3/21/24 | 26,440 | 25,782 | ||
NextEra Energy Capital Holdings Inc. | 4.200% | 6/20/24 | 10,074 | 9,905 | ||
NextEra Energy Capital Holdings Inc. | 4.255% | 9/1/24 | 35,529 | 34,868 | ||
3 | NextEra Energy Capital Holdings Inc. | 6.051% | 3/1/25 | 7,180 | 7,228 | |
NextEra Energy Capital Holdings Inc. | 4.450% | 6/20/25 | 10,928 | 10,696 | ||
NextEra Energy Capital Holdings Inc. | 1.875% | 1/15/27 | 13,043 | 11,499 | ||
NextEra Energy Capital Holdings Inc. | 3.550% | 5/1/27 | 37,428 | 34,993 | ||
NextEra Energy Capital Holdings Inc. | 4.625% | 7/15/27 | 28,383 | 27,611 | ||
NextEra Energy Capital Holdings Inc. | 4.900% | 2/28/28 | 21,842 | 21,376 | ||
NextEra Energy Capital Holdings Inc. | 3.800% | 3/15/82 | 9,965 | 8,515 | ||
NiSource Inc. | 0.950% | 8/15/25 | 36,543 | 32,950 | ||
NiSource Inc. | 3.490% | 5/15/27 | 21,956 | 20,520 | ||
NSTAR Electric Co. | 3.200% | 5/15/27 | 15,205 | 14,163 | ||
Oncor Electric Delivery Co. LLC | 2.750% | 6/1/24 | 9,515 | 9,215 | ||
Oncor Electric Delivery Co. LLC | 2.950% | 4/1/25 | 7,739 | 7,369 | ||
Oncor Electric Delivery Co. LLC | 0.550% | 10/1/25 | 8,300 | 7,405 | ||
ONE Gas Inc. | 1.100% | 3/11/24 | 5,989 | 5,726 | ||
Pacific Gas & Electric Co. | 4.950% | 6/8/25 | 2,529 | 2,480 | ||
Pacific Gas & Electric Co. | 3.500% | 6/15/25 | 16,426 | 15,569 | ||
Pacific Gas & Electric Co. | 3.450% | 7/1/25 | 27,821 | 26,340 | ||
Pacific Gas & Electric Co. | 3.150% | 1/1/26 | 67,317 | 62,486 | ||
Pacific Gas & Electric Co. | 2.100% | 8/1/27 | 17,093 | 14,543 | ||
Pacific Gas & Electric Co. | 3.300% | 12/1/27 | 22,925 | 20,452 | ||
PacifiCorp | 3.600% | 4/1/24 | 4,909 | 4,818 | ||
PECO Energy Co. | 3.150% | 10/15/25 | 2,753 | 2,623 | ||
Pinnacle West Capital Corp. | 1.300% | 6/15/25 | 12,599 | 11,427 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Potomac Electric Power Co. | 3.600% | 3/15/24 | 4,106 | 4,027 | ||
PPL Capital Funding Inc. | 3.100% | 5/15/26 | 19,543 | 18,286 | ||
1 | Public Service Electric & Gas Co. | 3.000% | 5/15/25 | 1,061 | 1,011 | |
1 | Public Service Electric & Gas Co. | 0.950% | 3/15/26 | 8,315 | 7,364 | |
1 | Public Service Electric & Gas Co. | 2.250% | 9/15/26 | 9,565 | 8,689 | |
1 | Public Service Electric & Gas Co. | 3.000% | 5/15/27 | 5,791 | 5,373 | |
Public Service Enterprise Group Inc. | 2.875% | 6/15/24 | 26,472 | 25,556 | ||
Public Service Enterprise Group Inc. | 0.800% | 8/15/25 | 4,417 | 3,958 | ||
Public Service Enterprise Group Inc. | 5.850% | 11/15/27 | 15,205 | 15,551 | ||
Puget Energy Inc. | 3.650% | 5/15/25 | 4,003 | 3,794 | ||
San Diego Gas & Electric Co. | 2.500% | 5/15/26 | 10,862 | 9,975 | ||
Sempra Energy | 3.300% | 4/1/25 | 19,061 | 18,228 | ||
Sempra Energy | 3.250% | 6/15/27 | 23,681 | 21,779 | ||
Sempra Energy | 4.125% | 4/1/52 | 19,760 | 16,742 | ||
Sierra Pacific Power Co. | 2.600% | 5/1/26 | 8,335 | 7,709 | ||
Southern California Edison Co. | 1.100% | 4/1/24 | 15,873 | 15,129 | ||
1 | Southern California Edison Co. | 0.975% | 8/1/24 | 4,715 | 4,422 | |
1 | Southern California Edison Co. | 3.700% | 8/1/25 | 25,354 | 24,359 | |
1 | Southern California Edison Co. | 1.200% | 2/1/26 | 18,863 | 16,712 | |
1 | Southern California Edison Co. | 4.700% | 6/1/27 | 4,080 | 4,014 | |
Southern California Edison Co. | 5.850% | 11/1/27 | 16,462 | 16,854 | ||
3 | Southern California Edison Co. | 5.300% | 3/1/28 | 5,205 | 5,199 | |
Southern California Gas Co. | 3.150% | 9/15/24 | 1,716 | 1,658 | ||
Southern California Gas Co. | 3.200% | 6/15/25 | 4,658 | 4,446 | ||
1 | Southern California Gas Co. | 2.600% | 6/15/26 | 6,095 | 5,636 | |
Southern California Gas Co. | 2.950% | 4/15/27 | 14,882 | 13,771 | ||
Southern Co. | 4.475% | 8/1/24 | 9,638 | 9,490 | ||
Southern Co. | 5.150% | 10/6/25 | 3,628 | 3,616 | ||
Southern Co. | 3.250% | 7/1/26 | 44,091 | 41,153 | ||
1 | Southern Co. | 4.000% | 1/15/51 | 23,836 | 22,295 | |
1 | Southern Co. | 3.750% | 9/15/51 | 26,052 | 22,395 | |
Southern Co. Gas Capital Corp. | 3.250% | 6/15/26 | 9,625 | 9,095 | ||
Southern Power Co. | 4.150% | 12/1/25 | 20,834 | 20,298 | ||
Southern Power Co. | 0.900% | 1/15/26 | 3,191 | 2,826 | ||
Southwest Gas Corp. | 5.800% | 12/1/27 | 8,525 | 8,709 | ||
1 | Southwestern Electric Power Co. | 1.650% | 3/15/26 | 10,392 | 9,289 | |
1 | Southwestern Electric Power Co. | 2.750% | 10/1/26 | 8,397 | 7,664 | |
Southwestern Public Service Co. | 3.300% | 6/15/24 | 4,440 | 4,327 | ||
Tampa Electric Co. | 3.875% | 7/12/24 | 2,969 | 2,901 | ||
Tucson Electric Power Co. | 3.050% | 3/15/25 | 7,033 | 6,714 | ||
Union Electric Co. | 3.500% | 4/15/24 | 7,663 | 7,493 | ||
Union Electric Co. | 2.950% | 6/15/27 | 9,081 | 8,399 | ||
1 | Virginia Electric & Power Co. | 3.100% | 5/15/25 | 3,053 | 2,910 | |
1 | Virginia Electric & Power Co. | 3.150% | 1/15/26 | 28,612 | 27,089 | |
1 | Virginia Electric & Power Co. | 2.950% | 11/15/26 | 2,214 | 2,043 | |
1 | Virginia Electric & Power Co. | 3.500% | 3/15/27 | 13,808 | 12,992 | |
1 | Virginia Electric & Power Co. | 3.750% | 5/15/27 | 1,918 | 1,821 | |
WEC Energy Group Inc. | 0.800% | 3/15/24 | 7,952 | 7,577 | ||
WEC Energy Group Inc. | 3.550% | 6/15/25 | 3,083 | 2,931 | ||
WEC Energy Group Inc. | 5.000% | 9/27/25 | 1,254 | 1,243 | ||
WEC Energy Group Inc. | 4.750% | 1/9/26 | 3,670 | 3,620 | ||
WEC Energy Group Inc. | 5.150% | 10/1/27 | 6,466 | 6,424 | ||
WEC Energy Group Inc. | 4.750% | 1/15/28 | 20,000 | 19,602 | ||
Wisconsin Electric Power Co. | 2.050% | 12/15/24 | 10,312 | 9,749 | ||
Wisconsin Power & Light Co. | 3.050% | 10/15/27 | 5,614 | 5,180 | ||
Wisconsin Public Service Corp. | 5.350% | 11/10/25 | 3,960 | 3,972 | ||
Xcel Energy Inc. | 3.300% | 6/1/25 | 15,220 | 14,541 | ||
Xcel Energy Inc. | 3.350% | 12/1/26 | 10,492 | 9,822 | ||
Xcel Energy Inc. | 1.750% | 3/15/27 | 11,059 | 9,708 | ||
2,356,140 | ||||||
Total Corporate Bonds (Cost $49,125,885) | 46,150,427 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (0.3%) | ||||||
Money Market Fund (0.3%) | ||||||
6 | Vanguard Market Liquidity Fund (Cost $150,319) | 4.640% | 1,503,430 | 150,328 | ||
Total Investments (99.2%) (Cost $49,502,229) | 46,526,807 | |||||
Other Assets and Liabilities—Net (0.8%) | 365,680 | |||||
Net Assets (100%) | 46,892,487 |
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, 2023, the aggregate value was $583,426,000, representing 1.2% 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, 2023. |
4 | Variable-rate security; rate shown is effective rate at period end. Certain variable-rate securities are not based on a published reference rate and spread but are determined by the issuer or agent based on current market conditions. |
5 | Securities with a value of $1,200,000 have been segregated as initial margin for open futures contracts. |
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. |
3M—3-month. | |
DAC—Designated Activity Company. | |
LIBOR—London Interbank Offered Rate. | |
USD—U.S. dollar. |
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 2023 | 2,325 | 248,902 | (39) |
Centrally Cleared Credit Default Swaps | ||||||
Reference Entity | Termination Date | Notional Amount (000) | Periodic Premium Received (Paid)1 (%) | Value ($000) | Unrealized Appreciation (Depreciation) ($000) | |
Credit Protection Sold | ||||||
CDX-NA-IG-S39-V1 | 12/20/27 | USD | 250,000 | 1.000 | 2,117 | — |
1 Periodic premium received/paid quarterly. |
USD—U.S. dollar. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $49,351,910) | 46,376,479 |
Affiliated Issuers (Cost $150,319) | 150,328 |
Total Investments in Securities | 46,526,807 |
Investment in Vanguard | 1,721 |
Cash | 6,047 |
Receivables for Investment Securities Sold | 993,522 |
Receivables for Accrued Income | 436,560 |
Receivables for Capital Shares Issued | 5,114 |
Total Assets | 47,969,771 |
Liabilities | |
Payables for Investment Securities Purchased | 1,069,466 |
Payables for Capital Shares Redeemed | 5,272 |
Payables for Distributions | 1,802 |
Payables to Vanguard | 729 |
Variation Margin Payable—Futures Contracts | 15 |
Total Liabilities | 1,077,284 |
Net Assets | 46,892,487 |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 50,690,291 |
Total Distributable Earnings (Loss) | (3,797,804) |
Net Assets | 46,892,487 |
ETF Shares—Net Assets | |
Applicable to 534,984,054 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 40,261,988 |
Net Asset Value Per Share—ETF Shares | $75.26 |
Admiral Shares—Net Assets | |
Applicable to 210,225,614 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 4,299,532 |
Net Asset Value Per Share—Admiral Shares | $20.45 |
Institutional Shares—Net Assets | |
Applicable to 93,104,100 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,330,967 |
Net Asset Value Per Share—Institutional Shares | $25.04 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 605,590 |
Total Income | 605,590 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 602 |
Management and Administrative—ETF Shares | 5,857 |
Management and Administrative—Admiral Shares | 1,334 |
Management and Administrative—Institutional Shares | 490 |
Marketing and Distribution—ETF Shares | 1,139 |
Marketing and Distribution—Admiral Shares | 118 |
Marketing and Distribution—Institutional Shares | 45 |
Custodian Fees | 78 |
Shareholders’ Reports—ETF Shares | 566 |
Shareholders’ Reports—Admiral Shares | 22 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 11 |
Other Expenses | 20 |
Total Expenses | 10,282 |
Expenses Paid Indirectly | (76) |
Net Expenses | 10,206 |
Net Investment Income | 595,384 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | (710,009) |
Futures Contracts | (3,906) |
Swap Contracts | — |
Realized Net Gain (Loss) | (713,915) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 79,027 |
Futures Contracts | (87) |
Swap Contracts | — |
Change in Unrealized Appreciation (Depreciation) | 78,940 |
Net Increase (Decrease) in Net Assets Resulting from Operations | (39,591) |
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 $1,976,000, $25,000, less than $1,000, and $3,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes ($404,732,000) of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 595,384 | 812,838 | |
Realized Net Gain (Loss) | (713,915) | (170,013) | |
Change in Unrealized Appreciation (Depreciation) | 78,940 | (3,795,036) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (39,591) | (3,152,211) | |
Distributions | |||
ETF Shares | (502,954) | (762,716) | |
Admiral Shares | (54,650) | (93,551) | |
Institutional Shares | (28,859) | (41,778) | |
Total Distributions | (586,463) | (898,045) | |
Capital Share Transactions | |||
ETF Shares | (2,917,308) | 5,597,297 | |
Admiral Shares | (289,666) | (365,977) | |
Institutional Shares | 116,789 | 166,453 | |
Net Increase (Decrease) from Capital Share Transactions | (3,090,185) | 5,397,773 | |
Total Increase (Decrease) | (3,716,239) | 1,347,517 | |
Net Assets | |||
Beginning of Period | 50,608,726 | 49,261,209 | |
End of Period | 46,892,487 | 50,608,726 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $76.14 | $82.67 | $82.95 | $81.18 | $78.32 | $80.25 |
Investment Operations | ||||||
Net Investment Income1 | .942 | 1.319 | 1.433 | 2.127 | 2.311 | 1.950 |
Net Realized and Unrealized Gain (Loss) on Investments | (.902) | (6.388) | (.250) | 1.815 | 2.826 | (1.953) |
Total from Investment Operations | .040 | (5.069) | 1.183 | 3.942 | 5.137 | (.003) |
Distributions | ||||||
Dividends from Net Investment Income | (.920) | (1.279) | (1.463) | (2.172) | (2.277) | (1.927) |
Distributions from Realized Capital Gains | — | (.182) | — | — | — | — |
Total Distributions | (.920) | (1.461) | (1.463) | (2.172) | (2.277) | (1.927) |
Net Asset Value, End of Period | $75.26 | $76.14 | $82.67 | $82.95 | $81.18 | $78.32 |
Total Return | 0.07% | -6.19% | 1.44% | 4.95% | 6.68% | 0.01% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $40,262 | $43,723 | $41,569 | $31,797 | $24,537 | $21,511 |
Ratio of Total Expenses to Average Net Assets | 0.04%2 | 0.04%2 | 0.04% | 0.05% | 0.05% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.53% | 1.67% | 1.73% | 2.62% | 2.92% | 2.48% |
Portfolio Turnover Rate3 | 28% | 50% | 42% | 56% | 51% | 56% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.04%. |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $20.70 | $22.49 | $22.55 | $22.06 | $21.28 | $21.81 |
Investment Operations | ||||||
Net Investment Income1 | .253 | .351 | .385 | .578 | .625 | .532 |
Net Realized and Unrealized Gain (Loss) on Investments | (.248) | (1.741) | (.063) | .485 | .777 | (.531) |
Total from Investment Operations | .005 | (1.390) | .322 | 1.063 | 1.402 | .001 |
Distributions | ||||||
Dividends from Net Investment Income | (.255) | (.350) | (.382) | (.573) | (.622) | (.531) |
Distributions from Realized Capital Gains | — | (.050) | — | — | — | — |
Total Distributions | (.255) | (.400) | (.382) | (.573) | (.622) | (.531) |
Net Asset Value, End of Period | $20.45 | $20.70 | $22.49 | $22.55 | $22.06 | $21.28 |
Total Return2 | 0.03% | -6.24% | 1.44% | 4.90% | 6.70% | 0.02% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $4,300 | $4,647 | $5,435 | $4,703 | $4,312 | $3,533 |
Ratio of Total Expenses to Average Net Assets | 0.07%3 | 0.07%3 | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.49% | 1.63% | 1.71% | 2.61% | 2.90% | 2.48% |
Portfolio Turnover Rate4 | 28% | 50% | 42% | 56% | 51% | 56% |
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 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.07%. |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $25.34 | $27.53 | $27.61 | $27.00 | $26.06 | $26.70 |
Investment Operations | ||||||
Net Investment Income1 | .313 | .436 | .473 | .713 | .768 | .656 |
Net Realized and Unrealized Gain (Loss) on Investments | (.298) | (2.131) | (.080) | .604 | .939 | (.641) |
Total from Investment Operations | .015 | (1.695) | .393 | 1.317 | 1.707 | .015 |
Distributions | ||||||
Dividends from Net Investment Income | (.315) | (.434) | (.473) | (.707) | (.767) | (.655) |
Distributions from Realized Capital Gains | — | (.061) | — | — | — | — |
Total Distributions | (.315) | (.495) | (.473) | (.707) | (.767) | (.655) |
Net Asset Value, End of Period | $25.04 | $25.34 | $27.53 | $27.61 | $27.00 | $26.06 |
Total Return | 0.07% | -6.21% | 1.44% | 4.96% | 6.66% | 0.07% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,331 | $2,239 | $2,258 | $1,661 | $1,633 | $1,706 |
Ratio of Total Expenses to Average Net Assets | 0.05%2 | 0.05%2 | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 2.52% | 1.65% | 1.72% | 2.63% | 2.92% | 2.50% |
Portfolio Turnover Rate3 | 28% | 50% | 42% | 56% | 51% | 56% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.05%. |
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. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 226,052 | — | 226,052 |
Corporate Bonds | — | 46,150,427 | — | 46,150,427 |
Temporary Cash Investments | 150,328 | — | — | 150,328 |
Total | 150,328 | 46,376,479 | — | 46,526,807 |
Derivative Financial Instruments | ||||
Assets | ||||
Swap Contracts | —1 | — | — | — |
Liabilities | ||||
Futures Contracts1 | 39 | — | — | 39 |
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. |
Statement of Assets and Liabilities | Interest Rate Contracts ($000) | Credit Contracts ($000) | Total ($000) |
Unrealized Appreciation—Centrally Cleared Swap Contracts1 | — | — | — |
Total Assets | — | — | — |
Unrealized Depreciation—Futures Contracts1 | 39 | — | 39 |
Total Liabilities | 39 | — | 39 |
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. |
Realized Net Gain (Loss) on Derivatives | Interest Rate Contracts ($000) | Credit Contracts ($000) | Total ($000) |
Futures Contracts | (3,906) | — | (3,906) |
Swap Contracts | — | — | — |
Realized Net Gain (Loss) on Derivatives | (3,906) | — | (3,906) |
Change in Unrealized Appreciation (Depreciation) on Derivatives | |||
Futures Contracts | (87) | — | (87) |
Swap Contracts | — | — | — |
Change in Unrealized Appreciation (Depreciation) on Derivatives | (87) | — | (87) |
Amount ($000) | |
Tax Cost | 49,503,017 |
Gross Unrealized Appreciation | 37,329 |
Gross Unrealized Depreciation | (3,013,578) |
Net Unrealized Appreciation (Depreciation) | (2,976,249) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 6,777,513 | 90,156 | 16,731,847 | 212,128 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (9,694,821) | (129,400) | (11,134,550) | (140,700) | |
Net Increase (Decrease)—ETF Shares | (2,917,308) | (39,244) | 5,597,297 | 71,428 | |
Admiral Shares | |||||
Issued | 826,635 | 40,403 | 1,793,345 | 83,336 | |
Issued in Lieu of Cash Distributions | 44,663 | 2,186 | 75,187 | 3,492 | |
Redeemed | (1,160,964) | (56,855) | (2,234,509) | (104,008) | |
Net Increase (Decrease)—Admiral Shares | (289,666) | (14,266) | (365,977) | (17,180) | |
Institutional Shares | |||||
Issued | 578,082 | 23,177 | 623,048 | 23,568 | |
Issued in Lieu of Cash Distributions | 28,173 | 1,126 | 39,344 | 1,494 | |
Redeemed | (489,466) | (19,554) | (495,939) | (18,721) | |
Net Increase (Decrease)—Institutional Shares | 116,789 | 4,749 | 166,453 | 6,341 |
Corporate Bonds – Communications | 8.1% |
Corporate Bonds – Consumer Discretionary | 6.1 |
Corporate Bonds – Consumer Staples | 7.3 |
Corporate Bonds – Energy | 6.1 |
Corporate Bonds – Financials | 30.7 |
Corporate Bonds – Health Care | 9.3 |
Corporate Bonds – Industrials | 6.3 |
Corporate Bonds – Materials | 3.0 |
Corporate Bonds – Real Estate | 6.5 |
Corporate Bonds – Technology | 8.8 |
Corporate Bonds – Utilities | 7.8 |
U.S. Government and Agency Obligations | 0.0 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (0.0%) | ||||||
U.S. Government Securities (0.0%) | ||||||
United States Treasury Note/Bond (Cost $19,091) | 3.500% | 2/15/33 | 19,800 | 19,146 | ||
Corporate Bonds (98.7%) | ||||||
Communications (8.0%) | ||||||
Alphabet Inc. | 1.100% | 8/15/30 | 43,916 | 34,625 | ||
America Movil SAB de CV | 3.625% | 4/22/29 | 11,740 | 10,680 | ||
America Movil SAB de CV | 2.875% | 5/7/30 | 34,608 | 29,721 | ||
America Movil SAB de CV | 4.700% | 7/21/32 | 22,311 | 21,311 | ||
1 | AT&T Inc. | 4.100% | 2/15/28 | 22,603 | 21,543 | |
AT&T Inc. | 4.350% | 3/1/29 | 77,965 | 73,913 | ||
1 | AT&T Inc. | 4.300% | 2/15/30 | 81,166 | 76,167 | |
AT&T Inc. | 2.750% | 6/1/31 | 80,030 | 66,134 | ||
AT&T Inc. | 2.250% | 2/1/32 | 57,887 | 45,197 | ||
Baidu Inc. | 4.375% | 3/29/28 | 6,025 | 5,740 | ||
Baidu Inc. | 4.875% | 11/14/28 | 16,733 | 16,257 | ||
Baidu Inc. | 3.425% | 4/7/30 | 9,721 | 8,601 | ||
Baidu Inc. | 2.375% | 10/9/30 | 7,321 | 5,955 | ||
Baidu Inc. | 2.375% | 8/23/31 | 16,943 | 13,499 | ||
Booking Holdings Inc. | 3.550% | 3/15/28 | 10,921 | �� 10,221 | ||
Booking Holdings Inc. | 4.625% | 4/13/30 | 42,237 | 40,989 | ||
British Telecommunications plc | 5.125% | 12/4/28 | 4,368 | 4,287 | ||
British Telecommunications plc | 9.625% | 12/15/30 | 60,152 | 72,699 | ||
Charter Communications Operating LLC | 4.200% | 3/15/28 | 35,556 | 32,660 | ||
Charter Communications Operating LLC | 2.250% | 1/15/29 | 35,240 | 28,243 | ||
Charter Communications Operating LLC | 5.050% | 3/30/29 | 32,553 | 30,382 | ||
Charter Communications Operating LLC | 2.800% | 4/1/31 | 45,247 | 35,332 | ||
Charter Communications Operating LLC | 2.300% | 2/1/32 | 25,741 | 18,926 | ||
Comcast Corp. | 3.550% | 5/1/28 | 22,784 | 21,243 | ||
Comcast Corp. | 4.150% | 10/15/28 | 91,404 | 87,389 | ||
Comcast Corp. | 2.650% | 2/1/30 | 35,091 | 30,190 | ||
Comcast Corp. | 3.400% | 4/1/30 | 46,440 | 41,914 | ||
Comcast Corp. | 4.250% | 10/15/30 | 47,570 | 45,205 | ||
Comcast Corp. | 1.950% | 1/15/31 | 39,745 | 31,847 | ||
Comcast Corp. | 1.500% | 2/15/31 | 42,913 | 33,152 | ||
Comcast Corp. | 5.500% | 11/15/32 | 41,226 | 42,375 | ||
Comcast Corp. | 4.250% | 1/15/33 | 19,378 | 18,111 | ||
Deutsche Telekom International Finance BV | 8.750% | 6/15/30 | 105,749 | 125,402 | ||
Deutsche Telekom International Finance BV | 9.250% | 6/1/32 | 5,217 | 6,607 | ||
Discovery Communications LLC | 3.950% | 3/20/28 | 42,320 | 38,658 | ||
Discovery Communications LLC | 4.125% | 5/15/29 | 29,392 | 26,329 | ||
Discovery Communications LLC | 3.625% | 5/15/30 | 28,099 | 24,031 | ||
Electronic Arts Inc. | 1.850% | 2/15/31 | 9,078 | 7,105 | ||
Expedia Group Inc. | 3.800% | 2/15/28 | 508 | 466 | ||
Expedia Group Inc. | 3.250% | 2/15/30 | 37,120 | 31,313 | ||
Expedia Group Inc. | 2.950% | 3/15/31 | 18,193 | 14,625 | ||
Fox Corp. | 4.709% | 1/25/29 | 51,969 | 49,605 | ||
Fox Corp. | 3.500% | 4/8/30 | 17,756 | 15,624 | ||
Grupo Televisa SAB | 8.500% | 3/11/32 | 3,555 | 4,168 | ||
Interpublic Group of Cos. Inc. | 4.650% | 10/1/28 | 7,559 | 7,257 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Interpublic Group of Cos. Inc. | 4.750% | 3/30/30 | 17,977 | 17,126 | ||
Interpublic Group of Cos. Inc. | 2.400% | 3/1/31 | 12,047 | 9,665 | ||
Koninklijke KPN NV | 8.375% | 10/1/30 | 15,584 | 18,186 | ||
Meta Platforms Inc. | 3.850% | 8/15/32 | 74,185 | 66,593 | ||
Omnicom Group Inc. | 2.450% | 4/30/30 | 15,160 | 12,607 | ||
Omnicom Group Inc. | 4.200% | 6/1/30 | 19,735 | 18,433 | ||
Omnicom Group Inc. | 2.600% | 8/1/31 | 12,459 | 10,228 | ||
Orange SA | 9.000% | 3/1/31 | 62,624 | 76,599 | ||
Paramount Global | 3.375% | 2/15/28 | 11,626 | 10,455 | ||
Paramount Global | 3.700% | 6/1/28 | 10,571 | 9,477 | ||
Paramount Global | 4.200% | 6/1/29 | 15,852 | 14,244 | ||
Paramount Global | 7.875% | 7/30/30 | 19,896 | 21,466 | ||
Paramount Global | 4.950% | 1/15/31 | 27,867 | 24,933 | ||
Paramount Global | 4.200% | 5/19/32 | 34,161 | 28,128 | ||
2 | Rogers Communications Inc. | 3.800% | 3/15/32 | 53,046 | 46,341 | |
Sprint Capital Corp. | 8.750% | 3/15/32 | 500 | 595 | ||
Take-Two Interactive Software Inc. | 4.000% | 4/14/32 | 15,544 | 13,843 | ||
TCI Communications Inc. | 7.125% | 2/15/28 | 1,971 | 2,145 | ||
Telefonica Europe BV | 8.250% | 9/15/30 | 31,679 | 35,917 | ||
TELUS Corp. | 3.400% | 5/13/32 | 22,080 | 18,750 | ||
Tencent Music Entertainment Group | 2.000% | 9/3/30 | 12,282 | 9,376 | ||
T-Mobile USA Inc. | 4.750% | 2/1/28 | 31,415 | 30,435 | ||
T-Mobile USA Inc. | 2.050% | 2/15/28 | 43,876 | 37,675 | ||
T-Mobile USA Inc. | 4.950% | 3/15/28 | 8,830 | 8,670 | ||
T-Mobile USA Inc. | 2.625% | 2/15/29 | 17,800 | 15,167 | ||
T-Mobile USA Inc. | 2.400% | 3/15/29 | 14,132 | 11,953 | ||
T-Mobile USA Inc. | 3.375% | 4/15/29 | 50,225 | 44,435 | ||
T-Mobile USA Inc. | 3.875% | 4/15/30 | 185,317 | 168,085 | ||
T-Mobile USA Inc. | 2.550% | 2/15/31 | 59,647 | 48,639 | ||
T-Mobile USA Inc. | 2.875% | 2/15/31 | 34,992 | 29,058 | ||
T-Mobile USA Inc. | 3.500% | 4/15/31 | 82,304 | 71,296 | ||
T-Mobile USA Inc. | 2.250% | 11/15/31 | 3,634 | 2,851 | ||
T-Mobile USA Inc. | 2.700% | 3/15/32 | 38,141 | 30,878 | ||
T-Mobile USA Inc. | 5.200% | 1/15/33 | 16,955 | 16,536 | ||
1 | TWDC Enterprises 18 Corp. | 7.000% | 3/1/32 | 6,806 | 7,688 | |
VeriSign Inc. | 2.700% | 6/15/31 | 21,780 | 17,558 | ||
Verizon Communications Inc. | 2.100% | 3/22/28 | 70,144 | 60,581 | ||
Verizon Communications Inc. | 4.329% | 9/21/28 | 97,085 | 92,951 | ||
Verizon Communications Inc. | 3.875% | 2/8/29 | 20,202 | 18,804 | ||
Verizon Communications Inc. | 4.016% | 12/3/29 | 106,335 | 98,200 | ||
Verizon Communications Inc. | 3.150% | 3/22/30 | 34,859 | 30,508 | ||
Verizon Communications Inc. | 1.500% | 9/18/30 | 16,497 | 12,773 | ||
Verizon Communications Inc. | 1.680% | 10/30/30 | 29,096 | 22,455 | ||
Verizon Communications Inc. | 7.750% | 12/1/30 | 9,521 | 10,922 | ||
Verizon Communications Inc. | 1.750% | 1/20/31 | 76,121 | 58,723 | ||
Verizon Communications Inc. | 2.550% | 3/21/31 | 107,689 | 87,975 | ||
Verizon Communications Inc. | 2.355% | 3/15/32 | 121,196 | 95,220 | ||
Vodafone Group plc | 7.875% | 2/15/30 | 14,732 | 16,746 | ||
Vodafone Group plc | 6.250% | 11/30/32 | 16,000 | 16,938 | ||
Walt Disney Co. | 2.000% | 9/1/29 | 44,012 | 36,778 | ||
Walt Disney Co. | 3.800% | 3/22/30 | 28,036 | 26,058 | ||
Walt Disney Co. | 2.650% | 1/13/31 | 56,594 | 48,205 | ||
2 | Warnermedia Holdings Inc. | 4.054% | 3/15/29 | 46,553 | 41,604 | |
2 | Warnermedia Holdings Inc. | 4.279% | 3/15/32 | 125,435 | 108,320 | |
Weibo Corp. | 3.375% | 7/8/30 | 13,270 | 10,673 | ||
WPP Finance 2010 | 3.750% | 9/19/24 | 1 | 1 | ||
3,306,164 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Consumer Discretionary (6.0%) | ||||||
Advance Auto Parts Inc. | 1.750% | 10/1/27 | 6,125 | 5,191 | ||
Advance Auto Parts Inc. | 3.900% | 4/15/30 | 11,842 | 10,465 | ||
Advance Auto Parts Inc. | 3.500% | 3/15/32 | 3,160 | 2,594 | ||
Alibaba Group Holding Ltd. | 2.125% | 2/9/31 | 37,387 | 29,835 | ||
Amazon.com Inc. | 1.650% | 5/12/28 | 56,570 | 48,588 | ||
Amazon.com Inc. | 3.450% | 4/13/29 | 26,995 | 25,078 | ||
Amazon.com Inc. | 4.650% | 12/1/29 | 51,715 | 50,974 | ||
Amazon.com Inc. | 1.500% | 6/3/30 | 45,422 | 36,463 | ||
Amazon.com Inc. | 2.100% | 5/12/31 | 95,987 | 78,882 | ||
Amazon.com Inc. | 3.600% | 4/13/32 | 52,995 | 48,484 | ||
Amazon.com Inc. | 4.700% | 12/1/32 | 59,505 | 58,795 | ||
1 | American Honda Finance Corp. | 2.000% | 3/24/28 | 31,467 | 27,220 | |
1 | American Honda Finance Corp. | 2.250% | 1/12/29 | 16,003 | 13,733 | |
1 | American Honda Finance Corp. | 1.800% | 1/13/31 | 13,157 | 10,517 | |
Aptiv plc | 4.350% | 3/15/29 | 7,311 | 6,912 | ||
Aptiv plc | 3.250% | 3/1/32 | 20,897 | 17,425 | ||
AutoNation Inc. | 4.750% | 6/1/30 | 15,157 | 14,142 | ||
AutoNation Inc. | 2.400% | 8/1/31 | 19,045 | 14,252 | ||
AutoNation Inc. | 3.850% | 3/1/32 | 18,038 | 15,123 | ||
AutoZone Inc. | 4.500% | 2/1/28 | 10,000 | 9,699 | ||
AutoZone Inc. | 3.750% | 4/18/29 | 23,343 | 21,417 | ||
AutoZone Inc. | 4.000% | 4/15/30 | 3,716 | 3,414 | ||
AutoZone Inc. | 1.650% | 1/15/31 | 15,977 | 12,311 | ||
AutoZone Inc. | 4.750% | 8/1/32 | 21,960 | 20,955 | ||
AutoZone Inc. | 4.750% | 2/1/33 | 10,000 | 9,476 | ||
Best Buy Co. Inc. | 4.450% | 10/1/28 | 14,208 | 13,609 | ||
Best Buy Co. Inc. | 1.950% | 10/1/30 | 10,826 | 8,510 | ||
Block Financial LLC | 2.500% | 7/15/28 | 9,859 | 8,410 | ||
Block Financial LLC | 3.875% | 8/15/30 | 18,476 | 16,181 | ||
BorgWarner Inc. | 3.375% | 3/15/25 | 1 | 1 | ||
BorgWarner Inc. | 2.650% | 7/1/27 | 1 | — | ||
Brunswick Corp. | 2.400% | 8/18/31 | 14,398 | 10,588 | ||
Brunswick Corp. | 4.400% | 9/15/32 | 3,092 | 2,629 | ||
Choice Hotels International Inc. | 3.700% | 12/1/29 | 9,296 | 8,085 | ||
Choice Hotels International Inc. | 3.700% | 1/15/31 | 12,834 | 11,075 | ||
Dick's Sporting Goods Inc. | 3.150% | 1/15/32 | 19,536 | 15,417 | ||
eBay Inc. | 2.700% | 3/11/30 | 22,583 | 19,186 | ||
eBay Inc. | 2.600% | 5/10/31 | 2,565 | 2,108 | ||
eBay Inc. | 6.300% | 11/22/32 | 17,784 | 18,769 | ||
1 | Emory University | 2.143% | 9/1/30 | 10,295 | 8,576 | |
Fortune Brands Innovations Inc. | 3.250% | 9/15/29 | 18,998 | 16,185 | ||
Fortune Brands Innovations Inc. | 4.000% | 3/25/32 | 10,460 | 9,067 | ||
General Motors Co. | 5.000% | 10/1/28 | 15,824 | 15,323 | ||
General Motors Co. | 5.400% | 10/15/29 | 15,865 | 15,260 | ||
General Motors Co. | 5.600% | 10/15/32 | 36,605 | 34,804 | ||
General Motors Financial Co. Inc. | 2.400% | 4/10/28 | 25,600 | 21,807 | ||
General Motors Financial Co. Inc. | 2.400% | 10/15/28 | 32,079 | 26,844 | ||
General Motors Financial Co. Inc. | 5.650% | 1/17/29 | 17,387 | 17,036 | ||
General Motors Financial Co. Inc. | 4.300% | 4/6/29 | 34,276 | 31,245 | ||
General Motors Financial Co. Inc. | 3.600% | 6/21/30 | 21,840 | 18,717 | ||
General Motors Financial Co. Inc. | 2.350% | 1/8/31 | 21,487 | 16,507 | ||
General Motors Financial Co. Inc. | 2.700% | 6/10/31 | 26,274 | 20,560 | ||
General Motors Financial Co. Inc. | 3.100% | 1/12/32 | 34,710 | 27,625 | ||
General Motors Financial Co. Inc. | 6.400% | 1/9/33 | 5,315 | 5,335 | ||
Genuine Parts Co. | 1.875% | 11/1/30 | 7,366 | 5,692 | ||
Genuine Parts Co. | 2.750% | 2/1/32 | 2,544 | 2,054 | ||
Hasbro Inc. | 3.900% | 11/19/29 | 28,953 | 25,527 | ||
Home Depot Inc. | 0.900% | 3/15/28 | 6,007 | 4,981 | ||
Home Depot Inc. | 1.500% | 9/15/28 | 22,756 | 19,209 | ||
Home Depot Inc. | 3.900% | 12/6/28 | 17,560 | 16,812 | ||
Home Depot Inc. | 2.950% | 6/15/29 | 35,632 | 31,818 | ||
Home Depot Inc. | 2.700% | 4/15/30 | 29,792 | 25,840 | ||
Home Depot Inc. | 1.375% | 3/15/31 | 36,313 | 27,943 | ||
Home Depot Inc. | 1.875% | 9/15/31 | 38,478 | 30,463 | ||
Home Depot Inc. | 3.250% | 4/15/32 | 42,893 | 37,595 | ||
Home Depot Inc. | 4.500% | 9/15/32 | 43,212 | 41,662 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Honda Motor Co. Ltd. | 2.967% | 3/10/32 | 22,468 | 19,495 | ||
Hyatt Hotels Corp. | 4.375% | 9/15/28 | 8,521 | 8,053 | ||
Hyatt Hotels Corp. | 6.000% | 4/23/30 | 11,202 | 11,251 | ||
JD.com Inc. | 3.375% | 1/14/30 | 17,863 | 15,813 | ||
1 | Johns Hopkins University | 4.705% | 7/1/32 | 5,470 | 5,459 | |
Lear Corp. | 3.800% | 9/15/27 | 5,000 | 4,671 | ||
Lear Corp. | 4.250% | 5/15/29 | 11,104 | 10,160 | ||
Lear Corp. | 3.500% | 5/30/30 | 9,030 | 7,722 | ||
Lear Corp. | 2.600% | 1/15/32 | 1,805 | 1,368 | ||
Leggett & Platt Inc. | 4.400% | 3/15/29 | 18,570 | 17,422 | ||
Lowe's Cos. Inc. | 1.300% | 4/15/28 | 17,105 | 14,155 | ||
Lowe's Cos. Inc. | 1.700% | 9/15/28 | 30,190 | 25,196 | ||
Lowe's Cos. Inc. | 3.650% | 4/5/29 | 38,445 | 35,110 | ||
Lowe's Cos. Inc. | 4.500% | 4/15/30 | 34,236 | 32,626 | ||
Lowe's Cos. Inc. | 1.700% | 10/15/30 | 29,209 | 22,778 | ||
Lowe's Cos. Inc. | 2.625% | 4/1/31 | 49,387 | 40,634 | ||
Lowe's Cos. Inc. | 3.750% | 4/1/32 | 35,126 | 31,091 | ||
Magna International Inc. | 2.450% | 6/15/30 | 18,226 | 15,141 | ||
1 | Marriott International Inc. | 4.000% | 4/15/28 | 11,900 | 11,175 | |
1 | Marriott International Inc. | 4.650% | 12/1/28 | 5,525 | 5,357 | |
1 | Marriott International Inc. | 4.625% | 6/15/30 | 34,903 | 32,940 | |
1 | Marriott International Inc. | 2.850% | 4/15/31 | 33,523 | 27,631 | |
1 | Marriott International Inc. | 3.500% | 10/15/32 | 9,461 | 8,010 | |
1 | Marriott International Inc. | 2.750% | 10/15/33 | 1,085 | 843 | |
Masco Corp. | 2.000% | 10/1/30 | 11,639 | 9,078 | ||
Masco Corp. | 2.000% | 2/15/31 | 22,738 | 17,599 | ||
1 | McDonald's Corp. | 3.500% | 7/1/27 | 361 | 340 | |
1 | McDonald's Corp. | 3.800% | 4/1/28 | 32,611 | 30,915 | |
1 | McDonald's Corp. | 2.625% | 9/1/29 | 32,983 | 28,664 | |
1 | McDonald's Corp. | 2.125% | 3/1/30 | 2,070 | 1,715 | |
1 | McDonald's Corp. | 3.600% | 7/1/30 | 34,599 | 31,526 | |
1 | McDonald's Corp. | 4.600% | 9/9/32 | 12,727 | 12,270 | |
MDC Holdings Inc. | 2.500% | 1/15/31 | 17,906 | 13,227 | ||
2 | Mercedes-Benz Finance North America LLC | 3.100% | 8/15/29 | 14,387 | 12,827 | |
Mercedes-Benz Finance North America LLC | 8.500% | 1/18/31 | 30,912 | 38,244 | ||
2 | Mercedes-Benz Finance North America LLC | 2.450% | 3/2/31 | 6,720 | 5,578 | |
Mohawk Industries Inc. | 3.625% | 5/15/30 | 12,980 | 11,328 | ||
NIKE Inc. | 2.850% | 3/27/30 | 34,060 | 30,304 | ||
NVR Inc. | 3.000% | 5/15/30 | 20,419 | 17,434 | ||
O'Reilly Automotive Inc. | 4.350% | 6/1/28 | 18,061 | 17,395 | ||
O'Reilly Automotive Inc. | 3.900% | 6/1/29 | 11,761 | 10,892 | ||
O'Reilly Automotive Inc. | 4.200% | 4/1/30 | 14,299 | 13,400 | ||
O'Reilly Automotive Inc. | 1.750% | 3/15/31 | 5,192 | 4,030 | ||
O'Reilly Automotive Inc. | 4.700% | 6/15/32 | 28,381 | 27,049 | ||
Owens Corning | 3.950% | 8/15/29 | 10,526 | 9,663 | ||
Owens Corning | 3.875% | 6/1/30 | 8,796 | 7,967 | ||
PulteGroup Inc. | 7.875% | 6/15/32 | 6,378 | 7,121 | ||
PulteGroup Inc. | 6.375% | 5/15/33 | 2,000 | 2,025 | ||
Ralph Lauren Corp. | 2.950% | 6/15/30 | 17,882 | 15,627 | ||
Ross Stores Inc. | 1.875% | 4/15/31 | 12,975 | 10,139 | ||
Stanley Black & Decker Inc. | 4.250% | 11/15/28 | 17,712 | 16,694 | ||
Stanley Black & Decker Inc. | 2.300% | 3/15/30 | 17,935 | 14,571 | ||
Stanley Black & Decker Inc. | 3.000% | 5/15/32 | 9,097 | 7,416 | ||
Starbucks Corp. | 3.500% | 3/1/28 | 15,122 | 14,092 | ||
Starbucks Corp. | 4.000% | 11/15/28 | 23,227 | 22,015 | ||
Starbucks Corp. | 3.550% | 8/15/29 | 18,276 | 16,717 | ||
Starbucks Corp. | 2.250% | 3/12/30 | 22,109 | 18,328 | ||
Starbucks Corp. | 2.550% | 11/15/30 | 31,523 | 26,313 | ||
Starbucks Corp. | 3.000% | 2/14/32 | 19,266 | 16,384 | ||
Tapestry Inc. | 3.050% | 3/15/32 | 9,190 | 7,303 | ||
TJX Cos. Inc. | 1.150% | 5/15/28 | 7,587 | 6,352 | ||
TJX Cos. Inc. | 3.875% | 4/15/30 | 14,013 | 13,177 | ||
TJX Cos. Inc. | 1.600% | 5/15/31 | 3,989 | 3,137 | ||
Toll Brothers Finance Corp. | 3.800% | 11/1/29 | 12,060 | 10,433 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Toyota Motor Corp. | 3.669% | 7/20/28 | 6,206 | 5,897 | ||
Toyota Motor Corp. | 2.760% | 7/2/29 | 9,000 | 7,995 | ||
Toyota Motor Corp. | 2.362% | 3/25/31 | 8,516 | 7,193 | ||
1 | Toyota Motor Credit Corp. | 1.900% | 4/6/28 | 10,036 | 8,719 | |
Toyota Motor Credit Corp. | 3.650% | 1/8/29 | 13,586 | 12,760 | ||
1 | Toyota Motor Credit Corp. | 4.450% | 6/29/29 | 22,312 | 21,821 | |
1 | Toyota Motor Credit Corp. | 2.150% | 2/13/30 | 13,591 | 11,573 | |
1 | Toyota Motor Credit Corp. | 3.375% | 4/1/30 | 30,089 | 27,523 | |
1 | Toyota Motor Credit Corp. | 1.650% | 1/10/31 | 24,356 | 19,351 | |
Toyota Motor Credit Corp. | 1.900% | 9/12/31 | 10,631 | 8,508 | ||
1 | Toyota Motor Credit Corp. | 2.400% | 1/13/32 | 4,623 | 3,826 | |
Toyota Motor Credit Corp. | 4.700% | 1/12/33 | 21,230 | 20,819 | ||
Tractor Supply Co. | 1.750% | 11/1/30 | 16,388 | 12,618 | ||
VF Corp. | 2.950% | 4/23/30 | 16,043 | 13,249 | ||
Whirlpool Corp. | 4.750% | 2/26/29 | 22,173 | 21,211 | ||
Whirlpool Corp. | 2.400% | 5/15/31 | 3,108 | 2,468 | ||
Whirlpool Corp. | 4.700% | 5/14/32 | 7,207 | 6,750 | ||
Whirlpool Corp. | 5.500% | 3/1/33 | 5,000 | 4,928 | ||
1 | Yale University | 1.482% | 4/15/30 | 12,765 | 10,350 | |
2,491,949 | ||||||
Consumer Staples (7.2%) | ||||||
Ahold Finance USA LLC | 6.875% | 5/1/29 | 9,870 | 10,363 | ||
Altria Group Inc. | 4.800% | 2/14/29 | 44,632 | 42,817 | ||
Altria Group Inc. | 3.400% | 5/6/30 | 18,476 | 15,909 | ||
Altria Group Inc. | 2.450% | 2/4/32 | 42,840 | 32,328 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.000% | 4/13/28 | 62,697 | 59,873 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.750% | 1/23/29 | 105,343 | 103,632 | ||
Anheuser-Busch InBev Worldwide Inc. | 3.500% | 6/1/30 | 57,754 | 52,593 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.900% | 1/23/31 | 11,492 | 11,494 | ||
Archer-Daniels-Midland Co. | 3.250% | 3/27/30 | 21,579 | 19,420 | ||
Archer-Daniels-Midland Co. | 2.900% | 3/1/32 | 15,788 | 13,594 | ||
Archer-Daniels-Midland Co. | 5.935% | 10/1/32 | 3,885 | 4,153 | ||
Avery Dennison Corp. | 4.875% | 12/6/28 | 4,887 | 4,799 | ||
Avery Dennison Corp. | 2.650% | 4/30/30 | 23,452 | 19,450 | ||
Avery Dennison Corp. | 2.250% | 2/15/32 | 3,400 | 2,621 | ||
BAT Capital Corp. | 2.259% | 3/25/28 | 50,139 | 42,031 | ||
BAT Capital Corp. | 3.462% | 9/6/29 | 2,765 | 2,369 | ||
BAT Capital Corp. | 4.906% | 4/2/30 | 25,134 | 23,216 | ||
BAT Capital Corp. | 2.726% | 3/25/31 | 26,284 | 20,517 | ||
BAT Capital Corp. | 4.742% | 3/16/32 | 22,760 | 20,327 | ||
BAT Capital Corp. | 7.750% | 10/19/32 | 19,046 | 20,449 | ||
BAT International Finance plc | 4.448% | 3/16/28 | 22,323 | 20,869 | ||
Bunge Ltd. Finance Corp. | 2.750% | 5/14/31 | 26,872 | 22,099 | ||
Campbell Soup Co. | 4.150% | 3/15/28 | 28,017 | 26,732 | ||
Campbell Soup Co. | 2.375% | 4/24/30 | 12,934 | 10,750 | ||
Church & Dwight Co. Inc. | 5.600% | 11/15/32 | 23,315 | 24,159 | ||
Clorox Co. | 3.900% | 5/15/28 | 7,163 | 6,801 | ||
Clorox Co. | 4.400% | 5/1/29 | 11,177 | 10,715 | ||
Clorox Co. | 1.800% | 5/15/30 | 12,697 | 10,142 | ||
Clorox Co. | 4.600% | 5/1/32 | 18,960 | 18,150 | ||
Coca-Cola Co. | 1.500% | 3/5/28 | 4,249 | 3,682 | ||
Coca-Cola Co. | 1.000% | 3/15/28 | 22,473 | 18,820 | ||
Coca-Cola Co. | 2.125% | 9/6/29 | 19,260 | 16,472 | ||
Coca-Cola Co. | 3.450% | 3/25/30 | 26,690 | 24,543 | ||
Coca-Cola Co. | 1.650% | 6/1/30 | 44,003 | 35,657 | ||
Coca-Cola Co. | 2.000% | 3/5/31 | 30,335 | 24,902 | ||
Coca-Cola Co. | 1.375% | 3/15/31 | 59,979 | 46,657 | ||
Coca-Cola Co. | 2.250% | 1/5/32 | 42,572 | 35,144 | ||
Coca-Cola Femsa SAB de CV | 2.750% | 1/22/30 | 29,286 | 25,433 | ||
Coca-Cola Femsa SAB de CV | 1.850% | 9/1/32 | 9,063 | 6,899 | ||
Colgate-Palmolive Co. | 3.250% | 8/15/32 | 17,700 | 15,989 | ||
3 | Colgate-Palmolive Co. | 4.600% | 3/1/33 | 10,225 | 10,216 | |
Conagra Brands Inc. | 4.850% | 11/1/28 | 40,263 | 39,025 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Constellation Brands Inc. | 4.650% | 11/15/28 | 15,892 | 15,363 | ||
Constellation Brands Inc. | 3.150% | 8/1/29 | 21,151 | 18,558 | ||
Constellation Brands Inc. | 2.875% | 5/1/30 | 19,107 | 16,224 | ||
Constellation Brands Inc. | 2.250% | 8/1/31 | 23,583 | 18,570 | ||
Constellation Brands Inc. | 4.750% | 5/9/32 | 23,980 | 22,821 | ||
Costco Wholesale Corp. | 1.600% | 4/20/30 | 38,773 | 31,643 | ||
Costco Wholesale Corp. | 1.750% | 4/20/32 | 32,184 | 25,395 | ||
Diageo Capital plc | 3.875% | 5/18/28 | 10,149 | 9,680 | ||
Diageo Capital plc | 2.375% | 10/24/29 | 20,704 | 17,528 | ||
Diageo Capital plc | 2.000% | 4/29/30 | 25,542 | 21,018 | ||
Diageo Capital plc | 2.125% | 4/29/32 | 9,891 | 7,874 | ||
Diageo Capital plc | 5.500% | 1/24/33 | 20,260 | 21,015 | ||
Dollar General Corp. | 4.125% | 5/1/28 | 11,185 | 10,643 | ||
Dollar General Corp. | 3.500% | 4/3/30 | 31,842 | 28,477 | ||
Dollar General Corp. | 5.000% | 11/1/32 | 14,810 | 14,337 | ||
Dollar Tree Inc. | 4.200% | 5/15/28 | 34,535 | 32,875 | ||
Dollar Tree Inc. | 2.650% | 12/1/31 | 17,707 | 14,241 | ||
Estee Lauder Cos. Inc. | 2.375% | 12/1/29 | 10,815 | 9,256 | ||
Estee Lauder Cos. Inc. | 2.600% | 4/15/30 | 22,611 | 19,627 | ||
Estee Lauder Cos. Inc. | 1.950% | 3/15/31 | 19,477 | 15,807 | ||
Flowers Foods Inc. | 2.400% | 3/15/31 | 12,589 | 10,124 | ||
General Mills Inc. | 4.200% | 4/17/28 | 35,861 | 34,410 | ||
General Mills Inc. | 2.875% | 4/15/30 | 4,594 | 3,977 | ||
General Mills Inc. | 2.250% | 10/14/31 | 15,143 | 12,124 | ||
GSK Consumer Healthcare Capital US LLC | 3.375% | 3/24/29 | 25,559 | 22,736 | ||
GSK Consumer Healthcare Capital US LLC | 3.625% | 3/24/32 | 50,165 | 43,833 | ||
Hershey Co. | 1.700% | 6/1/30 | 6,801 | 5,512 | ||
Hormel Foods Corp. | 1.700% | 6/3/28 | 13,805 | 11,811 | ||
Hormel Foods Corp. | 1.800% | 6/11/30 | 28,946 | 23,459 | ||
Ingredion Inc. | 2.900% | 6/1/30 | 15,431 | 13,144 | ||
J M Smucker Co. | 3.375% | 12/15/27 | 10,789 | 9,988 | ||
J M Smucker Co. | 2.375% | 3/15/30 | 6,751 | 5,648 | ||
J M Smucker Co. | 2.125% | 3/15/32 | 12,486 | 9,820 | ||
2 | JBS USA LUX SA | 5.125% | 2/1/28 | 20,610 | 19,648 | |
2 | JBS USA LUX SA | 5.500% | 1/15/30 | 33,615 | 31,637 | |
2 | JBS USA LUX SA | 3.750% | 12/1/31 | 18,306 | 14,679 | |
2 | JBS USA LUX SA | 3.625% | 1/15/32 | 21,892 | 17,540 | |
2 | JBS USA LUX SA | 3.000% | 5/15/32 | 22,362 | 16,998 | |
2 | JBS USA LUX SA | 5.750% | 4/1/33 | 8,350 | 7,807 | |
Kellogg Co. | 4.300% | 5/15/28 | 13,257 | 12,879 | ||
Kellogg Co. | 2.100% | 6/1/30 | 20,087 | 16,349 | ||
1 | Kellogg Co. | 7.450% | 4/1/31 | 5,222 | 5,912 | |
Keurig Dr Pepper Inc. | 4.597% | 5/25/28 | 29,970 | 29,088 | ||
Keurig Dr Pepper Inc. | 3.950% | 4/15/29 | 31,726 | 29,341 | ||
Keurig Dr Pepper Inc. | 3.200% | 5/1/30 | 25,759 | 22,429 | ||
Keurig Dr Pepper Inc. | 2.250% | 3/15/31 | 9,825 | 7,871 | ||
Keurig Dr Pepper Inc. | 4.050% | 4/15/32 | 19,102 | 17,272 | ||
Kimberly-Clark Corp. | 1.050% | 9/15/27 | 16,797 | 14,273 | ||
Kimberly-Clark Corp. | 3.950% | 11/1/28 | 3,916 | 3,758 | ||
Kimberly-Clark Corp. | 3.200% | 4/25/29 | 3,233 | 2,946 | ||
Kimberly-Clark Corp. | 3.100% | 3/26/30 | 25,083 | 22,510 | ||
Kimberly-Clark Corp. | 2.000% | 11/2/31 | 7,523 | 6,068 | ||
Kraft Heinz Foods Co. | 4.625% | 1/30/29 | 8,510 | 8,306 | ||
Kraft Heinz Foods Co. | 3.750% | 4/1/30 | 20,191 | 18,448 | ||
Kraft Heinz Foods Co. | 4.250% | 3/1/31 | 26,220 | 24,520 | ||
Kraft Heinz Foods Co. | 6.750% | 3/15/32 | 3,661 | 3,968 | ||
Kroger Co. | 4.500% | 1/15/29 | 18,498 | 17,814 | ||
1 | Kroger Co. | 7.700% | 6/1/29 | 1,805 | 2,012 | |
Kroger Co. | 2.200% | 5/1/30 | 19,034 | 15,408 | ||
Kroger Co. | 1.700% | 1/15/31 | 9,705 | 7,406 | ||
Kroger Co. | 7.500% | 4/1/31 | 2,138 | 2,413 | ||
McCormick & Co. Inc. | 3.400% | 8/15/27 | 9,255 | 8,591 | ||
McCormick & Co. Inc. | 2.500% | 4/15/30 | 10,162 | 8,447 | ||
McCormick & Co. Inc. | 1.850% | 2/15/31 | 9,749 | 7,545 | ||
Mondelez International Inc. | 2.750% | 4/13/30 | 24,404 | 20,953 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Mondelez International Inc. | 1.500% | 2/4/31 | 13,055 | 10,044 | ||
Mondelez International Inc. | 3.000% | 3/17/32 | 17,783 | 15,036 | ||
Mondelez International Inc. | 1.875% | 10/15/32 | 20,890 | 15,882 | ||
PepsiCo Inc. | 3.600% | 2/18/28 | 13,525 | 12,903 | ||
PepsiCo Inc. | 7.000% | 3/1/29 | 12,175 | 13,678 | ||
PepsiCo Inc. | 2.625% | 7/29/29 | 19,375 | 17,100 | ||
PepsiCo Inc. | 2.750% | 3/19/30 | 48,287 | 42,570 | ||
PepsiCo Inc. | 1.625% | 5/1/30 | 42,592 | 34,576 | ||
PepsiCo Inc. | 1.400% | 2/25/31 | 18,572 | 14,579 | ||
PepsiCo Inc. | 1.950% | 10/21/31 | 22,805 | 18,361 | ||
PepsiCo Inc. | 3.900% | 7/18/32 | 26,873 | 25,258 | ||
Philip Morris International Inc. | 3.375% | 8/15/29 | 15,944 | 14,329 | ||
Philip Morris International Inc. | 5.625% | 11/17/29 | 34,240 | 34,704 | ||
Philip Morris International Inc. | 2.100% | 5/1/30 | 27,563 | 22,293 | ||
Philip Morris International Inc. | 1.750% | 11/1/30 | 10,915 | 8,458 | ||
Philip Morris International Inc. | 5.750% | 11/17/32 | 35,555 | 35,955 | ||
Philip Morris International Inc. | 5.375% | 2/15/33 | 50,050 | 49,212 | ||
Pilgrim's Pride Corp. | 4.250% | 4/15/31 | 22,069 | 18,428 | ||
Pilgrim's Pride Corp. | 3.500% | 3/1/32 | 27,615 | 21,518 | ||
Procter & Gamble Co. | 2.850% | 8/11/27 | 6,082 | 5,664 | ||
Procter & Gamble Co. | 3.000% | 3/25/30 | 41,239 | 37,316 | ||
Procter & Gamble Co. | 1.200% | 10/29/30 | 40,469 | 31,885 | ||
Procter & Gamble Co. | 1.950% | 4/23/31 | 20,213 | 16,859 | ||
Procter & Gamble Co. | 2.300% | 2/1/32 | 3,064 | 2,585 | ||
Procter & Gamble Co. | 4.050% | 1/26/33 | 20,750 | 20,072 | ||
Sysco Corp. | 3.250% | 7/15/27 | 5,898 | 5,456 | ||
Sysco Corp. | 2.400% | 2/15/30 | 4,269 | 3,553 | ||
Sysco Corp. | 5.950% | 4/1/30 | 25,853 | 26,784 | ||
Sysco Corp. | 2.450% | 12/14/31 | 9,993 | 8,020 | ||
Target Corp. | 3.375% | 4/15/29 | 33,011 | 30,454 | ||
Target Corp. | 2.350% | 2/15/30 | 2,678 | 2,272 | ||
Target Corp. | 2.650% | 9/15/30 | 4,969 | 4,252 | ||
Target Corp. | 4.500% | 9/15/32 | 42,378 | 40,698 | ||
Target Corp. | 4.400% | 1/15/33 | 10,000 | 9,478 | ||
Tyson Foods Inc. | 4.350% | 3/1/29 | 29,635 | 28,121 | ||
Unilever Capital Corp. | 2.900% | 5/5/27 | 23,350 | 21,727 | ||
Unilever Capital Corp. | 2.125% | 9/6/29 | 13,680 | 11,515 | ||
Unilever Capital Corp. | 1.375% | 9/14/30 | 10,730 | 8,449 | ||
Unilever Capital Corp. | 1.750% | 8/12/31 | 27,993 | 22,162 | ||
Unilever Capital Corp. | 5.900% | 11/15/32 | 19,052 | 20,645 | ||
Walgreens Boots Alliance Inc. | 3.200% | 4/15/30 | 5,150 | 4,359 | ||
Walmart Inc. | 3.700% | 6/26/28 | 45,888 | 43,879 | ||
Walmart Inc. | 1.500% | 9/22/28 | 17,047 | 14,479 | ||
Walmart Inc. | 3.250% | 7/8/29 | 28,057 | 25,919 | ||
Walmart Inc. | 2.375% | 9/24/29 | 8,660 | 7,528 | ||
Walmart Inc. | 1.800% | 9/22/31 | 40,635 | 32,783 | ||
Walmart Inc. | 4.150% | 9/9/32 | 46,005 | 44,332 | ||
2,954,315 | ||||||
Energy (6.0%) | ||||||
Baker Hughes Holdings LLC | 4.486% | 5/1/30 | 17,536 | 16,638 | ||
Boardwalk Pipelines LP | 3.400% | 2/15/31 | 14,509 | 12,338 | ||
Boardwalk Pipelines LP | 3.600% | 9/1/32 | 3,168 | 2,661 | ||
BP Capital Markets America Inc. | 3.937% | 9/21/28 | 25,631 | 24,392 | ||
BP Capital Markets America Inc. | 4.234% | 11/6/28 | 53,584 | 51,686 | ||
BP Capital Markets America Inc. | 3.633% | 4/6/30 | 34,852 | 31,929 | ||
BP Capital Markets America Inc. | 1.749% | 8/10/30 | 21,788 | 17,463 | ||
BP Capital Markets America Inc. | 2.721% | 1/12/32 | 54,276 | 45,482 | ||
BP Capital Markets America Inc. | 4.812% | 2/13/33 | 50,800 | 49,898 | ||
BP Capital Markets plc | 3.723% | 11/28/28 | 22,866 | 21,548 | ||
Burlington Resources LLC | 7.200% | 8/15/31 | 3,529 | 3,994 | ||
Burlington Resources LLC | 7.400% | 12/1/31 | 5,148 | 5,875 | ||
Canadian Natural Resources Ltd. | 2.950% | 7/15/30 | 3,450 | 2,919 | ||
Canadian Natural Resources Ltd. | 7.200% | 1/15/32 | 12,308 | 13,244 | ||
Cenovus Energy Inc. | 2.650% | 1/15/32 | 7,288 | 5,764 | ||
Cheniere Corpus Christi Holdings LLC | 3.700% | 11/15/29 | 29,314 | 26,410 | ||
Cheniere Energy Inc. | 4.625% | 10/15/28 | 44,751 | 41,465 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Cheniere Energy Partners LP | 4.500% | 10/1/29 | 12,683 | 11,498 | ||
Cheniere Energy Partners LP | 4.000% | 3/1/31 | 45,030 | 38,895 | ||
Cheniere Energy Partners LP | 3.250% | 1/31/32 | 49,134 | 39,367 | ||
Chevron Corp. | 2.236% | 5/11/30 | 37,310 | 31,896 | ||
Chevron USA Inc. | 3.250% | 10/15/29 | 10,400 | 9,462 | ||
Conoco Funding Co. | 7.250% | 10/15/31 | 9,843 | 11,162 | ||
ConocoPhillips | 4.300% | 8/15/28 | 12,388 | 12,032 | ||
ConocoPhillips | 2.400% | 2/15/31 | 23,207 | 19,071 | ||
ConocoPhillips | 5.900% | 10/15/32 | 1,187 | 1,271 | ||
ConocoPhillips Co. | 6.950% | 4/15/29 | 35,263 | 38,695 | ||
Coterra Energy Inc. | 4.375% | 3/15/29 | 18,085 | 16,694 | ||
DCP Midstream Operating LP | 5.125% | 5/15/29 | 18,527 | 17,831 | ||
DCP Midstream Operating LP | 3.250% | 2/15/32 | 9,565 | 7,936 | ||
Devon Energy Corp. | 5.875% | 6/15/28 | 9,456 | 9,520 | ||
Devon Energy Corp. | 4.500% | 1/15/30 | 17,518 | 16,296 | ||
Devon Energy Corp. | 7.875% | 9/30/31 | 13,813 | 15,631 | ||
Devon Energy Corp. | 7.950% | 4/15/32 | 6,361 | 7,226 | ||
Diamondback Energy Inc. | 3.500% | 12/1/29 | 22,854 | 20,195 | ||
Diamondback Energy Inc. | 3.125% | 3/24/31 | 14,063 | 11,800 | ||
Eastern Gas Transmission & Storage Inc. | 3.000% | 11/15/29 | 3,966 | 3,424 | ||
Enbridge Inc. | 3.125% | 11/15/29 | 27,167 | 23,673 | ||
Energy Transfer LP | 4.950% | 5/15/28 | 20,639 | 19,888 | ||
Energy Transfer LP | 4.950% | 6/15/28 | 28,476 | 27,519 | ||
Energy Transfer LP | 5.250% | 4/15/29 | 48,718 | 47,501 | ||
Energy Transfer LP | 4.150% | 9/15/29 | 16,056 | 14,639 | ||
Energy Transfer LP | 3.750% | 5/15/30 | 41,518 | 36,847 | ||
Energy Transfer LP | 5.750% | 2/15/33 | 18,062 | 17,802 | ||
Enterprise Products Operating LLC | 4.150% | 10/16/28 | 24,353 | 23,007 | ||
Enterprise Products Operating LLC | 3.125% | 7/31/29 | 33,632 | 29,686 | ||
Enterprise Products Operating LLC | 2.800% | 1/31/30 | 27,347 | 23,450 | ||
Enterprise Products Operating LLC | 5.350% | 1/31/33 | 7,000 | 6,995 | ||
1 | Enterprise Products Operating LLC | 5.375% | 2/15/78 | 12,012 | 10,048 | |
EOG Resources Inc. | 4.375% | 4/15/30 | 16,680 | 16,008 | ||
EQT Corp. | 5.000% | 1/15/29 | 18,961 | 17,778 | ||
EQT Corp. | 7.000% | 2/1/30 | 23,873 | 24,629 | ||
Exxon Mobil Corp. | 2.440% | 8/16/29 | 30,225 | 26,623 | ||
Exxon Mobil Corp. | 3.482% | 3/19/30 | 51,771 | 47,968 | ||
Exxon Mobil Corp. | 2.610% | 10/15/30 | 47,993 | 41,688 | ||
Halliburton Co. | 2.920% | 3/1/30 | 25,018 | 21,638 | ||
Helmerich & Payne Inc. | 2.900% | 9/29/31 | 12,060 | 9,875 | ||
Hess Corp. | 7.875% | 10/1/29 | 3,544 | 3,899 | ||
Hess Corp. | 7.300% | 8/15/31 | 11,364 | 12,333 | ||
Hess Corp. | 7.125% | 3/15/33 | 3,000 | 3,220 | ||
HF Sinclair Corp. | 4.500% | 10/1/30 | 8,943 | 7,957 | ||
Kinder Morgan Energy Partners LP | 7.400% | 3/15/31 | 3,624 | 3,909 | ||
Kinder Morgan Inc. | 4.300% | 3/1/28 | 29,956 | 28,586 | ||
Kinder Morgan Inc. | 2.000% | 2/15/31 | 29,814 | 23,135 | ||
1 | Kinder Morgan Inc. | 7.800% | 8/1/31 | 2,757 | 3,064 | |
1 | Kinder Morgan Inc. | 7.750% | 1/15/32 | 17,812 | 19,874 | |
Kinder Morgan Inc. | 4.800% | 2/1/33 | 18,700 | 17,343 | ||
Magellan Midstream Partners LP | 3.250% | 6/1/30 | 1,857 | 1,621 | ||
Marathon Oil Corp. | 6.800% | 3/15/32 | 18,040 | 18,610 | ||
Marathon Petroleum Corp. | 3.800% | 4/1/28 | 20,171 | 18,621 | ||
MPLX LP | 4.000% | 3/15/28 | 25,230 | 23,631 | ||
MPLX LP | 4.800% | 2/15/29 | 26,342 | 25,313 | ||
MPLX LP | 2.650% | 8/15/30 | 38,151 | 31,320 | ||
MPLX LP | 4.950% | 9/1/32 | 28,635 | 26,936 | ||
NOV Inc. | 3.600% | 12/1/29 | 10,859 | 9,591 | ||
ONEOK Inc. | 4.550% | 7/15/28 | 22,136 | 21,029 | ||
ONEOK Inc. | 4.350% | 3/15/29 | 29,423 | 27,345 | ||
ONEOK Inc. | 3.400% | 9/1/29 | 21,909 | 19,010 | ||
ONEOK Inc. | 3.100% | 3/15/30 | 16,540 | 14,026 | ||
ONEOK Inc. | 6.350% | 1/15/31 | 6,643 | 6,803 | ||
ONEOK Inc. | 6.100% | 11/15/32 | 17,200 | 17,305 | ||
Ovintiv Inc. | 8.125% | 9/15/30 | 3,877 | 4,232 | ||
Ovintiv Inc. | 7.200% | 11/1/31 | 16,709 | 17,574 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Ovintiv Inc. | 7.375% | 11/1/31 | 15,540 | 16,601 | ||
Phillips 66 | 3.900% | 3/15/28 | 8,787 | 8,308 | ||
Phillips 66 | 2.150% | 12/15/30 | 24,337 | 19,451 | ||
2 | Phillips 66 Co. | 3.750% | 3/1/28 | 16,191 | 14,952 | |
2 | Phillips 66 Co. | 3.150% | 12/15/29 | 17,110 | 14,923 | |
Pioneer Natural Resources Co. | 1.900% | 8/15/30 | 32,398 | 25,301 | ||
Pioneer Natural Resources Co. | 2.150% | 1/15/31 | 27,374 | 21,577 | ||
Plains All American Pipeline LP | 3.550% | 12/15/29 | 21,202 | 18,413 | ||
Plains All American Pipeline LP | 3.800% | 9/15/30 | 23,734 | 20,664 | ||
Sabine Pass Liquefaction LLC | 4.200% | 3/15/28 | 49,593 | 46,581 | ||
Sabine Pass Liquefaction LLC | 4.500% | 5/15/30 | 49,061 | 45,946 | ||
Schlumberger Investment SA | 2.650% | 6/26/30 | 35,729 | 30,742 | ||
Shell International Finance BV | 3.875% | 11/13/28 | 36,630 | 34,991 | ||
Shell International Finance BV | 2.375% | 11/7/29 | 33,437 | 28,700 | ||
Shell International Finance BV | 2.750% | 4/6/30 | 49,683 | 43,634 | ||
Suncor Energy Inc. | 7.150% | 2/1/32 | 20,474 | 22,217 | ||
Targa Resources Corp. | 4.200% | 2/1/33 | 8,122 | 7,076 | ||
Targa Resources Corp. | 6.125% | 3/15/33 | 3,500 | 3,516 | ||
Targa Resources Partners LP | 6.875% | 1/15/29 | 17,633 | 17,873 | ||
Targa Resources Partners LP | 5.500% | 3/1/30 | 24,500 | 23,226 | ||
Targa Resources Partners LP | 4.875% | 2/1/31 | 25,363 | 23,075 | ||
Targa Resources Partners LP | 4.000% | 1/15/32 | 32,257 | 27,425 | ||
Tennessee Gas Pipeline Co. LLC | 7.000% | 10/15/28 | 12,752 | 13,518 | ||
TotalEnergies Capital International SA | 3.455% | 2/19/29 | 28,288 | 26,158 | ||
TotalEnergies Capital International SA | 2.829% | 1/10/30 | 28,920 | 25,530 | ||
TotalEnergies Capital SA | 3.883% | 10/11/28 | 29,257 | 28,095 | ||
TransCanada PipeLines Ltd. | 4.250% | 5/15/28 | 22,905 | 21,658 | ||
TransCanada PipeLines Ltd. | 4.100% | 4/15/30 | 39,139 | 35,728 | ||
TransCanada PipeLines Ltd. | 2.500% | 10/12/31 | 31,040 | 24,606 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.000% | 3/15/28 | 3,228 | 3,042 | ||
Transcontinental Gas Pipe Line Co. LLC | 3.250% | 5/15/30 | 20,938 | 18,211 | ||
Valero Energy Corp. | 4.350% | 6/1/28 | 17,873 | 17,133 | ||
Valero Energy Corp. | 2.800% | 12/1/31 | 28,819 | 23,423 | ||
Valero Energy Corp. | 7.500% | 4/15/32 | 7,673 | 8,676 | ||
Valero Energy Partners LP | 4.500% | 3/15/28 | 14,066 | 13,589 | ||
Williams Cos. Inc. | 3.500% | 11/15/30 | 35,749 | 31,270 | ||
1 | Williams Cos. Inc. | 7.500% | 1/15/31 | 212 | 232 | |
Williams Cos. Inc. | 2.600% | 3/15/31 | 44,043 | 35,743 | ||
Williams Cos. Inc. | 8.750% | 3/15/32 | 12,960 | 15,392 | ||
Williams Cos. Inc. | 4.650% | 8/15/32 | 27,598 | 25,712 | ||
2,490,065 | ||||||
Financials (30.3%) | ||||||
ACE Capital Trust II | 9.700% | 4/1/30 | 4,086 | 5,012 | ||
1 | Aegon NV | 5.500% | 4/11/48 | 14,431 | 13,689 | |
AerCap Ireland Capital DAC | 3.875% | 1/23/28 | 1,950 | 1,765 | ||
AerCap Ireland Capital DAC | 3.000% | 10/29/28 | 106,260 | 90,548 | ||
AerCap Ireland Capital DAC | 3.300% | 1/30/32 | 100,707 | 80,606 | ||
Affiliated Managers Group Inc. | 3.300% | 6/15/30 | 1,976 | 1,672 | ||
4 | Aflac Inc. | 3.600% | 4/1/30 | 45,854 | 42,205 | |
Air Lease Corp. | 2.100% | 9/1/28 | 21,350 | 17,645 | ||
Air Lease Corp. | 4.625% | 10/1/28 | 12,445 | 11,617 | ||
Air Lease Corp. | 3.250% | 10/1/29 | 14,402 | 12,274 | ||
1 | Air Lease Corp. | 3.000% | 2/1/30 | 22,129 | 18,412 | |
Air Lease Corp. | 3.125% | 12/1/30 | 16,288 | 13,360 | ||
1 | Air Lease Corp. | 2.875% | 1/15/32 | 7,905 | 6,213 | |
Alleghany Corp. | 3.625% | 5/15/30 | 12,904 | 11,950 | ||
Allstate Corp. | 1.450% | 12/15/30 | 7,703 | 5,903 | ||
Ally Financial Inc. | 2.200% | 11/2/28 | 25,298 | 20,606 | ||
1 | Ally Financial Inc. | 8.000% | 11/1/31 | 55,545 | 60,051 | |
Ally Financial Inc. | 8.000% | 11/1/31 | 7,948 | 8,613 | ||
American Express Co. | 4.050% | 5/3/29 | 24,174 | 22,913 | ||
American Express Co. | 4.989% | 5/26/33 | 15,624 | 14,958 | ||
American Express Co. | 4.420% | 8/3/33 | 32,149 | 30,074 | ||
American Financial Group Inc. | 5.250% | 4/2/30 | 7,342 | 7,312 | ||
American International Group Inc. | 4.200% | 4/1/28 | 2,725 | 2,583 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
American International Group Inc. | 4.250% | 3/15/29 | 4,511 | 4,204 | ||
American International Group Inc. | 3.400% | 6/30/30 | 22,932 | 20,336 | ||
1 | American International Group Inc. | 5.750% | 4/1/48 | 11,310 | 10,920 | |
Ameriprise Financial Inc. | 4.500% | 5/13/32 | 20,985 | 20,364 | ||
1 | Andrew W Mellon Foundation | 0.947% | 8/1/27 | 3,190 | 2,723 | |
Aon Corp. | 4.500% | 12/15/28 | 17,350 | 16,777 | ||
Aon Corp. | 3.750% | 5/2/29 | 16,668 | 15,261 | ||
Aon Corp. | 2.800% | 5/15/30 | 26,462 | 22,611 | ||
Aon Corp. | 2.050% | 8/23/31 | 6,099 | 4,792 | ||
Aon Corp. | 2.600% | 12/2/31 | 2,552 | 2,082 | ||
Aon Corp. | 5.000% | 9/12/32 | 21,340 | 20,857 | ||
Aon Corp. | 5.350% | 2/28/33 | 5,000 | 4,997 | ||
Ares Capital Corp. | 2.875% | 6/15/28 | 30,436 | 24,975 | ||
Ares Capital Corp. | 3.200% | 11/15/31 | 23,763 | 18,102 | ||
Arthur J Gallagher & Co. | 2.400% | 11/9/31 | 2,778 | 2,201 | ||
3 | Arthur J Gallagher & Co. | 5.500% | 3/2/33 | 3,000 | 2,997 | |
Assurant Inc. | 4.900% | 3/27/28 | 8,991 | 8,663 | ||
Assurant Inc. | 3.700% | 2/22/30 | 15,594 | 13,472 | ||
Assured Guaranty US Holdings Inc. | 3.150% | 6/15/31 | 4,544 | 3,863 | ||
Athene Holding Ltd. | 6.150% | 4/3/30 | 7,155 | 7,214 | ||
Athene Holding Ltd. | 3.500% | 1/15/31 | 24,771 | 20,790 | ||
AXA SA | 8.600% | 12/15/30 | 15,828 | 19,436 | ||
AXIS Specialty Finance LLC | 3.900% | 7/15/29 | 16,504 | 15,055 | ||
1 | AXIS Specialty Finance LLC | 4.900% | 1/15/40 | 2,171 | 1,857 | |
Banco Santander SA | 4.379% | 4/12/28 | 32,277 | 30,329 | ||
Banco Santander SA | 3.306% | 6/27/29 | 21,065 | 18,647 | ||
Banco Santander SA | 3.490% | 5/28/30 | 12,604 | 10,852 | ||
Banco Santander SA | 2.749% | 12/3/30 | 54,203 | 42,207 | ||
Banco Santander SA | 2.958% | 3/25/31 | 14,036 | 11,442 | ||
Banco Santander SA | 3.225% | 11/22/32 | 18,264 | 14,098 | ||
1 | Bank of America Corp. | 3.419% | 12/20/28 | 1 | 1 | |
1 | Bank of America Corp. | 3.970% | 3/5/29 | 67,740 | 62,828 | |
1 | Bank of America Corp. | 2.087% | 6/14/29 | 88,192 | 74,209 | |
1 | Bank of America Corp. | 4.271% | 7/23/29 | 59,842 | 56,191 | |
1 | Bank of America Corp. | 3.974% | 2/7/30 | 88,051 | 80,586 | |
1 | Bank of America Corp. | 3.194% | 7/23/30 | 62,161 | 53,962 | |
1 | Bank of America Corp. | 2.884% | 10/22/30 | 50,970 | 43,179 | |
1 | Bank of America Corp. | 2.496% | 2/13/31 | 96,060 | 79,061 | |
1 | Bank of America Corp. | 2.592% | 4/29/31 | 72,339 | 59,751 | |
1 | Bank of America Corp. | 1.898% | 7/23/31 | 53,902 | 41,937 | |
1 | Bank of America Corp. | 1.922% | 10/24/31 | 78,317 | 60,750 | |
1 | Bank of America Corp. | 2.651% | 3/11/32 | 45,058 | 36,665 | |
Bank of America Corp. | 2.687% | 4/22/32 | 137,788 | 111,754 | ||
Bank of America Corp. | 2.299% | 7/21/32 | 90,228 | 70,573 | ||
Bank of America Corp. | 2.572% | 10/20/32 | 86,671 | 69,044 | ||
1 | Bank of America Corp. | 2.972% | 2/4/33 | 79,579 | 65,135 | |
Bank of America Corp. | 4.571% | 4/27/33 | 86,241 | 80,147 | ||
1 | Bank of America Corp. | 5.015% | 7/22/33 | 131,267 | 126,283 | |
Bank of America Corp. | 2.482% | 9/21/36 | 41,241 | 30,887 | ||
Bank of America Corp. | 3.846% | 3/8/37 | 53,591 | 45,195 | ||
Bank of Montreal | 3.088% | 1/10/37 | 27,815 | 21,828 | ||
1 | Bank of New York Mellon Corp. | 3.850% | 4/28/28 | 20,759 | 19,694 | |
1 | Bank of New York Mellon Corp. | 1.650% | 7/14/28 | 14,668 | 12,554 | |
1 | Bank of New York Mellon Corp. | 3.000% | 10/30/28 | 8,284 | 7,398 | |
1 | Bank of New York Mellon Corp. | 3.300% | 8/23/29 | 17,423 | 15,564 | |
Bank of New York Mellon Corp. | 4.596% | 7/26/30 | 15,986 | 15,426 | ||
1 | Bank of New York Mellon Corp. | 1.650% | 1/28/31 | 3,279 | 2,580 | |
1 | Bank of New York Mellon Corp. | 1.800% | 7/28/31 | 22,738 | 17,748 | |
Bank of New York Mellon Corp. | 2.500% | 1/26/32 | 17,683 | 14,427 | ||
1 | Bank of New York Mellon Corp. | 4.289% | 6/13/33 | 25,239 | 23,472 | |
1 | Bank of New York Mellon Corp. | 5.834% | 10/25/33 | 39,610 | 41,248 | |
Bank of New York Mellon Corp. | 4.706% | 2/1/34 | 15,000 | 14,410 | ||
Bank of Nova Scotia | 4.850% | 2/1/30 | 40,335 | 39,132 | ||
Bank of Nova Scotia | 2.150% | 8/1/31 | 15,022 | 11,935 | ||
Bank of Nova Scotia | 2.450% | 2/2/32 | 5,181 | 4,173 | ||
Bank of Nova Scotia | 4.588% | 5/4/37 | 33,609 | 29,433 | ||
BankUnited Inc. | 5.125% | 6/11/30 | 7,109 | 6,728 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Barclays plc | 4.836% | 5/9/28 | 50,652 | 47,445 | ||
1 | Barclays plc | 4.972% | 5/16/29 | 38,519 | 36,641 | |
1 | Barclays plc | 5.088% | 6/20/30 | 34,870 | 32,294 | |
Barclays plc | 2.645% | 6/24/31 | 4,437 | 3,535 | ||
Barclays plc | 2.667% | 3/10/32 | 22,578 | 17,598 | ||
Barclays plc | 2.894% | 11/24/32 | 47,812 | 37,213 | ||
Barclays plc | 5.746% | 8/9/33 | 38,355 | 37,024 | ||
Barclays plc | 7.437% | 11/2/33 | 42,188 | 45,502 | ||
Barclays plc | 3.564% | 9/23/35 | 22,898 | 18,323 | ||
Berkshire Hathaway Finance Corp. | 1.850% | 3/12/30 | 10,861 | 9,035 | ||
Berkshire Hathaway Finance Corp. | 1.450% | 10/15/30 | 14,101 | 11,181 | ||
Berkshire Hathaway Finance Corp. | 2.875% | 3/15/32 | 24,819 | 21,379 | ||
BlackRock Inc. | 3.250% | 4/30/29 | 22,905 | 21,163 | ||
BlackRock Inc. | 2.400% | 4/30/30 | 23,287 | 19,829 | ||
BlackRock Inc. | 1.900% | 1/28/31 | 35,614 | 28,751 | ||
BlackRock Inc. | 2.100% | 2/25/32 | 13,665 | 10,925 | ||
Blackstone Private Credit Fund | 4.000% | 1/15/29 | 17,350 | 14,746 | ||
Blackstone Secured Lending Fund | 2.850% | 9/30/28 | 11,497 | 9,276 | ||
Brighthouse Financial Inc. | 5.625% | 5/15/30 | 24,246 | 23,830 | ||
Brookfield Finance I UK plc | 2.340% | 1/30/32 | 4,437 | 3,457 | ||
Brookfield Finance Inc. | 3.900% | 1/25/28 | 9,471 | 8,820 | ||
Brookfield Finance Inc. | 4.850% | 3/29/29 | 32,382 | 31,158 | ||
Brookfield Finance Inc. | 4.350% | 4/15/30 | 27,357 | 25,203 | ||
Brookfield Finance Inc. | 2.724% | 4/15/31 | 13,043 | 10,616 | ||
Brown & Brown Inc. | 4.500% | 3/15/29 | 8,273 | 7,702 | ||
Brown & Brown Inc. | 2.375% | 3/15/31 | 11,585 | 8,919 | ||
Brown & Brown Inc. | 4.200% | 3/17/32 | 23,193 | 20,287 | ||
Canadian Imperial Bank of Commerce | 3.600% | 4/7/32 | 29,268 | 25,825 | ||
Capital One Financial Corp. | 3.800% | 1/31/28 | 24,631 | 22,838 | ||
Capital One Financial Corp. | 5.468% | 2/1/29 | 11,576 | 11,358 | ||
Capital One Financial Corp. | 3.273% | 3/1/30 | 13,113 | 11,335 | ||
Capital One Financial Corp. | 5.247% | 7/26/30 | 13,345 | 12,798 | ||
Capital One Financial Corp. | 2.359% | 7/29/32 | 34,059 | 24,977 | ||
Capital One Financial Corp. | 2.618% | 11/2/32 | 17,597 | 13,665 | ||
Capital One Financial Corp. | 5.268% | 5/10/33 | 33,712 | 31,967 | ||
Cboe Global Markets Inc. | 1.625% | 12/15/30 | 14,455 | 11,356 | ||
Cboe Global Markets Inc. | 3.000% | 3/16/32 | 4,470 | 3,780 | ||
Charles Schwab Corp. | 2.000% | 3/20/28 | 31,768 | 27,700 | ||
Charles Schwab Corp. | 4.000% | 2/1/29 | 10,183 | 9,624 | ||
Charles Schwab Corp. | 3.250% | 5/22/29 | 24,682 | 22,383 | ||
Charles Schwab Corp. | 2.750% | 10/1/29 | 15,544 | 13,533 | ||
Charles Schwab Corp. | 4.625% | 3/22/30 | 4,222 | 4,157 | ||
Charles Schwab Corp. | 1.650% | 3/11/31 | 18,074 | 14,107 | ||
Charles Schwab Corp. | 2.300% | 5/13/31 | 38,321 | 31,501 | ||
Charles Schwab Corp. | 1.950% | 12/1/31 | 8,070 | 6,324 | ||
Charles Schwab Corp. | 2.900% | 3/3/32 | 17,545 | 14,845 | ||
Chubb INA Holdings Inc. | 1.375% | 9/15/30 | 32,770 | 25,424 | ||
CI Financial Corp. | 3.200% | 12/17/30 | 26,287 | 19,895 | ||
1 | Cincinnati Financial Corp. | 6.920% | 5/15/28 | 8,606 | 9,387 | |
Citigroup Inc. | 4.450% | 9/29/27 | 24,071 | 23,005 | ||
Citigroup Inc. | 4.125% | 7/25/28 | 26,118 | 24,425 | ||
1 | Citigroup Inc. | 4.075% | 4/23/29 | 38,194 | 35,552 | |
1 | Citigroup Inc. | 3.980% | 3/20/30 | 54,098 | 49,374 | |
1 | Citigroup Inc. | 2.976% | 11/5/30 | 55,519 | 47,316 | |
1 | Citigroup Inc. | 2.666% | 1/29/31 | 68,114 | 56,736 | |
1 | Citigroup Inc. | 4.412% | 3/31/31 | 124,383 | 115,854 | |
1 | Citigroup Inc. | 2.572% | 6/3/31 | 97,948 | 80,312 | |
Citigroup Inc. | 2.561% | 5/1/32 | 71,918 | 57,702 | ||
Citigroup Inc. | 6.625% | 6/15/32 | 28,344 | 29,920 | ||
Citigroup Inc. | 2.520% | 11/3/32 | 41,855 | 33,017 | ||
Citigroup Inc. | 3.057% | 1/25/33 | 89,377 | 73,327 | ||
Citigroup Inc. | 3.785% | 3/17/33 | 85,772 | 74,600 | ||
Citigroup Inc. | 4.910% | 5/24/33 | 45,128 | 42,854 | ||
Citigroup Inc. | 6.270% | 11/17/33 | 52,817 | 55,422 | ||
Citizens Financial Group Inc. | 2.500% | 2/6/30 | 9,362 | 7,740 | ||
Citizens Financial Group Inc. | 3.250% | 4/30/30 | 22,734 | 19,856 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Citizens Financial Group Inc. | 2.638% | 9/30/32 | 6,353 | 4,840 | ||
Citizens Financial Group Inc. | 5.641% | 5/21/37 | 7,852 | 7,375 | ||
CME Group Inc. | 3.750% | 6/15/28 | 8,261 | 7,884 | ||
CME Group Inc. | 2.650% | 3/15/32 | 14,535 | 12,173 | ||
CNA Financial Corp. | 3.900% | 5/1/29 | 18,025 | 16,565 | ||
CNA Financial Corp. | 2.050% | 8/15/30 | 3,658 | 2,902 | ||
CNO Financial Group Inc. | 5.250% | 5/30/29 | 13,021 | 12,346 | ||
Comerica Bank | 5.332% | 8/25/33 | 5,795 | 5,547 | ||
Comerica Inc. | 4.000% | 2/1/29 | 20,870 | 19,453 | ||
2 | Corebridge Financial Inc. | 3.850% | 4/5/29 | 30,149 | 27,179 | |
2 | Corebridge Financial Inc. | 3.900% | 4/5/32 | 42,366 | 37,083 | |
Credit Suisse AG | 7.500% | 2/15/28 | 5,000 | 5,045 | ||
2 | Credit Suisse Group AG | 6.537% | 8/12/33 | 13,342 | 11,947 | |
Deutsche Bank AG | 5.882% | 7/8/31 | 9,358 | 8,615 | ||
1 | Deutsche Bank AG | 3.547% | 9/18/31 | 31,164 | 26,093 | |
Deutsche Bank AG | 3.729% | 1/14/32 | 31,980 | 25,266 | ||
Deutsche Bank AG | 3.035% | 5/28/32 | 28,486 | 22,493 | ||
Deutsche Bank AG | 3.742% | 1/7/33 | 36,848 | 28,117 | ||
Deutsche Bank AG | 7.079% | 2/10/34 | 21,500 | 20,915 | ||
1 | Discover Bank | 4.650% | 9/13/28 | 32,487 | 30,877 | |
1 | Discover Bank | 2.700% | 2/6/30 | 3,317 | 2,706 | |
Discover Financial Services | 6.700% | 11/29/32 | 17,863 | 18,457 | ||
Enstar Group Ltd. | 4.950% | 6/1/29 | 25,148 | 23,055 | ||
Enstar Group Ltd. | 3.100% | 9/1/31 | 19,283 | 14,667 | ||
Equitable Holdings Inc. | 7.000% | 4/1/28 | 6,210 | 6,688 | ||
Equitable Holdings Inc. | 4.350% | 4/20/28 | 41,435 | 39,386 | ||
Equitable Holdings Inc. | 5.594% | 1/11/33 | 11,863 | 11,756 | ||
Fairfax Financial Holdings Ltd. | 4.850% | 4/17/28 | 4,738 | 4,541 | ||
Fairfax Financial Holdings Ltd. | 4.625% | 4/29/30 | 21,297 | 19,617 | ||
Fairfax Financial Holdings Ltd. | 3.375% | 3/3/31 | 16,620 | 13,585 | ||
2 | Fairfax Financial Holdings Ltd. | 5.625% | 8/16/32 | 18,458 | 17,530 | |
Fidelity National Financial Inc. | 4.500% | 8/15/28 | 18,523 | 17,597 | ||
Fidelity National Financial Inc. | 3.400% | 6/15/30 | 2,814 | 2,422 | ||
Fidelity National Financial Inc. | 2.450% | 3/15/31 | 11,457 | 8,986 | ||
Fifth Third Bancorp | 3.950% | 3/14/28 | 16,818 | 15,934 | ||
Fifth Third Bancorp | 4.772% | 7/28/30 | 13,175 | 12,637 | ||
Fifth Third Bancorp | 4.337% | 4/25/33 | 24,034 | 22,143 | ||
First American Financial Corp. | 4.000% | 5/15/30 | 9,913 | 8,722 | ||
First American Financial Corp. | 2.400% | 8/15/31 | 17,894 | 13,405 | ||
1 | First Horizon Bank | 5.750% | 5/1/30 | 2,338 | 2,339 | |
First-Citizens Bank & Trust Co. | 6.125% | 3/9/28 | 6,680 | 6,841 | ||
Franklin Resources Inc. | 1.600% | 10/30/30 | 20,729 | 16,052 | ||
FS KKR Capital Corp. | 3.250% | 7/15/27 | 1 | 1 | ||
FS KKR Capital Corp. | 3.125% | 10/12/28 | 19,138 | 15,692 | ||
GATX Corp. | 3.500% | 3/15/28 | 4,993 | 4,529 | ||
GATX Corp. | 4.550% | 11/7/28 | 11,784 | 11,192 | ||
GATX Corp. | 4.700% | 4/1/29 | 8,340 | 7,992 | ||
GATX Corp. | 4.000% | 6/30/30 | 16,444 | 14,791 | ||
GATX Corp. | 1.900% | 6/1/31 | 8,848 | 6,664 | ||
GATX Corp. | 3.500% | 6/1/32 | 6,887 | 5,788 | ||
GE Capital Funding LLC | 4.550% | 5/15/32 | 16,291 | 15,506 | ||
Global Payments Inc. | 4.450% | 6/1/28 | 9,318 | 8,703 | ||
Global Payments Inc. | 3.200% | 8/15/29 | 41,343 | 35,157 | ||
Global Payments Inc. | 2.900% | 5/15/30 | 33,506 | 27,575 | ||
Global Payments Inc. | 2.900% | 11/15/31 | 23,439 | 18,618 | ||
Global Payments Inc. | 5.400% | 8/15/32 | 18,200 | 17,409 | ||
Globe Life Inc. | 4.550% | 9/15/28 | 19,644 | 19,288 | ||
Globe Life Inc. | 2.150% | 8/15/30 | 3,225 | 2,575 | ||
Globe Life Inc. | 4.800% | 6/15/32 | 7,245 | 6,926 | ||
1 | Goldman Sachs Group Inc. | 3.814% | 4/23/29 | 61,885 | 56,745 | |
1 | Goldman Sachs Group Inc. | 4.223% | 5/1/29 | 94,667 | 88,668 | |
Goldman Sachs Group Inc. | 2.600% | 2/7/30 | 28,102 | 23,633 | ||
Goldman Sachs Group Inc. | 3.800% | 3/15/30 | 78,795 | 71,508 | ||
Goldman Sachs Group Inc. | 1.992% | 1/27/32 | 52,287 | 40,175 | ||
Goldman Sachs Group Inc. | 2.615% | 4/22/32 | 117,963 | 94,813 | ||
Goldman Sachs Group Inc. | 2.383% | 7/21/32 | 103,590 | 81,405 | ||
Goldman Sachs Group Inc. | 2.650% | 10/21/32 | 76,227 | 60,789 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Goldman Sachs Group Inc. | 6.125% | 2/15/33 | 10,793 | 11,398 | ||
Goldman Sachs Group Inc. | 3.102% | 2/24/33 | 80,525 | 66,372 | ||
Hanover Insurance Group Inc. | 2.500% | 9/1/30 | 2,498 | 1,935 | ||
Hartford Financial Services Group Inc. | 2.800% | 8/19/29 | 15,541 | 13,383 | ||
1 | HSBC Holdings plc | 4.583% | 6/19/29 | 75,049 | 70,563 | |
HSBC Holdings plc | 2.206% | 8/17/29 | 72,605 | 60,236 | ||
HSBC Holdings plc | 4.950% | 3/31/30 | 53,242 | 51,292 | ||
1 | HSBC Holdings plc | 3.973% | 5/22/30 | 75,544 | 67,829 | |
1 | HSBC Holdings plc | 2.848% | 6/4/31 | 47,524 | 39,072 | |
1 | HSBC Holdings plc | 2.357% | 8/18/31 | 29,634 | 23,412 | |
1 | HSBC Holdings plc | 7.625% | 5/17/32 | 2,390 | 2,498 | |
HSBC Holdings plc | 2.804% | 5/24/32 | 79,938 | 63,767 | ||
HSBC Holdings plc | 2.871% | 11/22/32 | 45,685 | 36,148 | ||
HSBC Holdings plc | 4.762% | 3/29/33 | 50,200 | 45,073 | ||
HSBC Holdings plc | 5.402% | 8/11/33 | 64,868 | 62,112 | ||
HSBC Holdings plc | 8.113% | 11/3/33 | 41,135 | 45,283 | ||
Huntington Bancshares Inc. | 2.550% | 2/4/30 | 23,702 | 19,834 | ||
Huntington Bancshares Inc. | 5.023% | 5/17/33 | 12,625 | 12,138 | ||
Huntington Bancshares Inc. | 2.487% | 8/15/36 | 5,566 | 4,122 | ||
Huntington National Bank | 5.650% | 1/10/30 | 18,927 | 19,084 | ||
ING Groep NV | 4.550% | 10/2/28 | 30,570 | 29,299 | ||
ING Groep NV | 4.050% | 4/9/29 | 15,692 | 14,574 | ||
ING Groep NV | 2.727% | 4/1/32 | 15,958 | 12,908 | ||
ING Groep NV | 4.252% | 3/28/33 | 32,270 | 29,013 | ||
Intercontinental Exchange Inc. | 3.750% | 9/21/28 | 20,225 | 18,973 | ||
Intercontinental Exchange Inc. | 4.350% | 6/15/29 | 46,834 | 45,352 | ||
Intercontinental Exchange Inc. | 2.100% | 6/15/30 | 30,655 | 24,893 | ||
Intercontinental Exchange Inc. | 1.850% | 9/15/32 | 41,568 | 31,183 | ||
Jackson Financial Inc. | 3.125% | 11/23/31 | 14,188 | 11,343 | ||
Jackson Financial Inc. | 5.670% | 6/8/32 | 3,810 | 3,716 | ||
Jefferies Financial Group Inc. | 4.150% | 1/23/30 | 18,267 | 16,538 | ||
Jefferies Financial Group Inc. | 2.625% | 10/15/31 | 29,199 | 22,834 | ||
Jefferies Financial Group Inc. | 2.750% | 10/15/32 | 10,291 | 7,943 | ||
JPMorgan Chase & Co. | 3.875% | 9/10/24 | 1 | 1 | ||
JPMorgan Chase & Co. | 1.040% | 2/4/27 | 82 | 72 | ||
JPMorgan Chase & Co. | 3.625% | 12/1/27 | 4,599 | 4,294 | ||
1 | JPMorgan Chase & Co. | 3.509% | 1/23/29 | 325 | 297 | |
1 | JPMorgan Chase & Co. | 4.005% | 4/23/29 | 61,426 | 57,102 | |
JPMorgan Chase & Co. | 2.069% | 6/1/29 | 41,603 | 35,076 | ||
1 | JPMorgan Chase & Co. | 4.203% | 7/23/29 | 47,646 | 44,638 | |
1 | JPMorgan Chase & Co. | 4.452% | 12/5/29 | 69,465 | 65,837 | |
1 | JPMorgan Chase & Co. | 3.702% | 5/6/30 | 59,570 | 53,782 | |
JPMorgan Chase & Co. | 4.565% | 6/14/30 | 52,415 | 49,764 | ||
1 | JPMorgan Chase & Co. | 2.739% | 10/15/30 | 104,116 | 87,717 | |
1 | JPMorgan Chase & Co. | 4.493% | 3/24/31 | 80,183 | 75,635 | |
1 | JPMorgan Chase & Co. | 2.522% | 4/22/31 | 44,604 | 36,918 | |
1 | JPMorgan Chase & Co. | 2.956% | 5/13/31 | 87,898 | 73,860 | |
JPMorgan Chase & Co. | 1.764% | 11/19/31 | 24,820 | 19,117 | ||
JPMorgan Chase & Co. | 1.953% | 2/4/32 | 94,733 | 73,572 | ||
JPMorgan Chase & Co. | 2.580% | 4/22/32 | 102,344 | 82,885 | ||
JPMorgan Chase & Co. | 2.545% | 11/8/32 | 78,404 | 62,557 | ||
JPMorgan Chase & Co. | 2.963% | 1/25/33 | 87,356 | 71,970 | ||
JPMorgan Chase & Co. | 4.586% | 4/26/33 | 39,421 | 36,761 | ||
JPMorgan Chase & Co. | 4.912% | 7/25/33 | 133,180 | 127,473 | ||
JPMorgan Chase & Co. | 5.717% | 9/14/33 | 78,860 | 78,095 | ||
Kemper Corp. | 2.400% | 9/30/30 | 8,918 | 6,935 | ||
Kemper Corp. | 3.800% | 2/23/32 | 8,746 | 7,397 | ||
1 | KeyBank NA | 6.950% | 2/1/28 | 1,938 | 2,036 | |
1 | KeyBank NA | 3.900% | 4/13/29 | 13,343 | 12,029 | |
1 | KeyBank NA | 4.900% | 8/8/32 | 29,152 | 27,422 | |
KeyBank NA | 5.000% | 1/26/33 | 12,325 | 11,845 | ||
1 | KeyCorp | 4.100% | 4/30/28 | 27,344 | 25,934 | |
1 | KeyCorp | 2.550% | 10/1/29 | 19,193 | 16,240 | |
1 | KeyCorp | 4.789% | 6/1/33 | 18,965 | 17,789 | |
Lazard Group LLC | 4.500% | 9/19/28 | 8,697 | 8,197 | ||
Lazard Group LLC | 4.375% | 3/11/29 | 8,804 | 8,261 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Lincoln National Corp. | 3.800% | 3/1/28 | 16,109 | 14,900 | ||
Lincoln National Corp. | 3.050% | 1/15/30 | 15,532 | 13,120 | ||
Lincoln National Corp. | 3.400% | 1/15/31 | 12,694 | 10,695 | ||
Lloyds Banking Group plc | 4.375% | 3/22/28 | 49,981 | 47,291 | ||
Lloyds Banking Group plc | 4.550% | 8/16/28 | 25,309 | 23,964 | ||
Lloyds Banking Group plc | 4.976% | 8/11/33 | 31,209 | 29,117 | ||
Lloyds Banking Group plc | 7.953% | 11/15/33 | 25,325 | 27,691 | ||
Loews Corp. | 3.200% | 5/15/30 | 13,291 | 11,793 | ||
M&T Bank Corp. | 5.053% | 1/27/34 | 25,830 | 24,657 | ||
Manulife Financial Corp. | 3.703% | 3/16/32 | 15,060 | 13,515 | ||
Markel Corp. | 3.350% | 9/17/29 | 10,795 | 9,497 | ||
Marsh & McLennan Cos. Inc. | 4.375% | 3/15/29 | 41,492 | 39,550 | ||
Marsh & McLennan Cos. Inc. | 2.250% | 11/15/30 | 17,017 | 13,800 | ||
Marsh & McLennan Cos. Inc. | 2.375% | 12/15/31 | 8,653 | 6,942 | ||
Marsh & McLennan Cos. Inc. | 5.750% | 11/1/32 | 16,443 | 17,078 | ||
Mastercard Inc. | 2.950% | 6/1/29 | 35,069 | 31,551 | ||
Mastercard Inc. | 3.350% | 3/26/30 | 43,055 | 39,496 | ||
Mastercard Inc. | 1.900% | 3/15/31 | 7,728 | 6,298 | ||
Mastercard Inc. | 2.000% | 11/18/31 | 15,708 | 12,676 | ||
MetLife Inc. | 4.550% | 3/23/30 | 32,716 | 32,159 | ||
MetLife Inc. | 6.500% | 12/15/32 | 4,367 | 4,861 | ||
Mitsubishi UFJ Financial Group Inc. | 3.961% | 3/2/28 | 27,546 | 25,958 | ||
Mitsubishi UFJ Financial Group Inc. | 4.050% | 9/11/28 | 8,355 | 7,831 | ||
Mitsubishi UFJ Financial Group Inc. | 3.741% | 3/7/29 | 41,085 | 37,623 | ||
Mitsubishi UFJ Financial Group Inc. | 3.195% | 7/18/29 | 55,608 | 48,870 | ||
Mitsubishi UFJ Financial Group Inc. | 2.559% | 2/25/30 | 31,903 | 26,672 | ||
Mitsubishi UFJ Financial Group Inc. | 2.048% | 7/17/30 | 36,566 | 29,089 | ||
Mitsubishi UFJ Financial Group Inc. | 2.309% | 7/20/32 | 64,614 | 50,407 | ||
Mitsubishi UFJ Financial Group Inc. | 2.494% | 10/13/32 | 15,376 | 12,113 | ||
Mitsubishi UFJ Financial Group Inc. | 2.852% | 1/19/33 | 24,915 | 20,125 | ||
Mitsubishi UFJ Financial Group Inc. | 4.315% | 4/19/33 | 16,538 | 15,053 | ||
Mitsubishi UFJ Financial Group Inc. | 5.133% | 7/20/33 | 39,882 | 38,676 | ||
Mitsubishi UFJ Financial Group Inc. | 5.472% | 9/13/33 | 18,880 | 18,754 | ||
Mitsubishi UFJ Financial Group Inc. | 5.441% | 2/22/34 | 15,057 | 14,793 | ||
Mizuho Financial Group Inc. | 4.018% | 3/5/28 | 30,413 | 28,645 | ||
Mizuho Financial Group Inc. | 5.667% | 5/27/29 | 10,000 | 9,984 | ||
1 | Mizuho Financial Group Inc. | 4.254% | 9/11/29 | 25,569 | 23,939 | |
1 | Mizuho Financial Group Inc. | 3.153% | 7/16/30 | 28,938 | 24,905 | |
1 | Mizuho Financial Group Inc. | 2.869% | 9/13/30 | 22,455 | 18,909 | |
1 | Mizuho Financial Group Inc. | 2.591% | 5/25/31 | 2,664 | 2,179 | |
Mizuho Financial Group Inc. | 5.739% | 5/27/31 | 6,348 | 6,336 | ||
1 | Mizuho Financial Group Inc. | 2.201% | 7/10/31 | 25,291 | 20,064 | |
1 | Mizuho Financial Group Inc. | 1.979% | 9/8/31 | 30,602 | 23,784 | |
Mizuho Financial Group Inc. | 2.564% | 9/13/31 | 23,717 | 18,447 | ||
Mizuho Financial Group Inc. | 2.172% | 5/22/32 | 12,107 | 9,370 | ||
Mizuho Financial Group Inc. | 2.260% | 7/9/32 | 6,768 | 5,246 | ||
Mizuho Financial Group Inc. | 5.669% | 9/13/33 | 19,020 | 19,043 | ||
Moody's Corp. | 4.250% | 8/8/32 | 16,449 | 15,223 | ||
Morgan Stanley | 1.593% | 5/4/27 | 11 | 10 | ||
1 | Morgan Stanley | 4.431% | 1/23/30 | 67,177 | 63,281 | |
1 | Morgan Stanley | 2.699% | 1/22/31 | 85,020 | 71,017 | |
1 | Morgan Stanley | 3.622% | 4/1/31 | 92,187 | 81,581 | |
1 | Morgan Stanley | 1.794% | 2/13/32 | 68,126 | 51,811 | |
Morgan Stanley | 7.250% | 4/1/32 | 22,237 | 25,186 | ||
1 | Morgan Stanley | 1.928% | 4/28/32 | 61,013 | 46,671 | |
1 | Morgan Stanley | 2.239% | 7/21/32 | 92,182 | 71,729 | |
1 | Morgan Stanley | 2.511% | 10/20/32 | 62,083 | 49,045 | |
Morgan Stanley | 2.943% | 1/21/33 | 75,987 | 62,251 | ||
Morgan Stanley | 4.889% | 7/20/33 | 49,603 | 47,107 | ||
Morgan Stanley | 6.342% | 10/18/33 | 77,955 | 82,209 | ||
Morgan Stanley | 2.484% | 9/16/36 | 74,355 | 55,436 | ||
Morgan Stanley | 5.297% | 4/20/37 | 45,997 | 42,794 | ||
Morgan Stanley | 5.948% | 1/19/38 | 48,291 | 47,069 | ||
Morgan Stanley Domestic Holdings Inc. | 4.500% | 6/20/28 | 9,226 | 8,957 | ||
Nasdaq Inc. | 1.650% | 1/15/31 | 18,990 | 14,526 | ||
1 | NatWest Group plc | 4.892% | 5/18/29 | 49,418 | 47,274 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | NatWest Group plc | 5.076% | 1/27/30 | 46,232 | 44,236 | |
1 | NatWest Group plc | 4.445% | 5/8/30 | 29,742 | 27,489 | |
1 | NatWest Group plc | 3.032% | 11/28/35 | 11,323 | 8,740 | |
Nomura Holdings Inc. | 2.172% | 7/14/28 | 27,301 | 22,749 | ||
Nomura Holdings Inc. | 2.710% | 1/22/29 | 10,301 | 8,703 | ||
Nomura Holdings Inc. | 3.103% | 1/16/30 | 52,558 | 44,512 | ||
Nomura Holdings Inc. | 2.679% | 7/16/30 | 14,303 | 11,611 | ||
Nomura Holdings Inc. | 2.608% | 7/14/31 | 33,320 | 26,153 | ||
Nomura Holdings Inc. | 2.999% | 1/22/32 | 34,484 | 27,639 | ||
Nomura Holdings Inc. | 6.181% | 1/18/33 | 9,260 | 9,399 | ||
Northern Trust Corp. | 3.650% | 8/3/28 | 8,911 | 8,429 | ||
Northern Trust Corp. | 3.150% | 5/3/29 | 12,295 | 11,174 | ||
Northern Trust Corp. | 1.950% | 5/1/30 | 17,849 | 14,595 | ||
Northern Trust Corp. | 6.125% | 11/2/32 | 31,131 | 32,830 | ||
ORIX Corp. | 3.700% | 7/18/27 | 1 | 1 | ||
ORIX Corp. | 2.250% | 3/9/31 | 12,158 | 9,821 | ||
ORIX Corp. | 4.000% | 4/13/32 | 15,663 | 14,223 | ||
ORIX Corp. | 5.200% | 9/13/32 | 10,730 | 10,654 | ||
Owl Rock Capital Corp. | 2.875% | 6/11/28 | 19,891 | 15,944 | ||
PartnerRe Finance B LLC | 3.700% | 7/2/29 | 12,967 | 11,719 | ||
PartnerRe Finance B LLC | 4.500% | 10/1/50 | 11,642 | 10,453 | ||
PayPal Holdings Inc. | 2.850% | 10/1/29 | 36,765 | 31,911 | ||
PayPal Holdings Inc. | 2.300% | 6/1/30 | 24,734 | 20,379 | ||
PayPal Holdings Inc. | 4.400% | 6/1/32 | 35,111 | 33,048 | ||
1 | PNC Bank NA | 3.250% | 1/22/28 | 819 | 761 | |
1 | PNC Bank NA | 4.050% | 7/26/28 | 46,647 | 44,012 | |
1 | PNC Bank NA | 2.700% | 10/22/29 | 13,513 | 11,474 | |
PNC Financial Services Group Inc. | 3.450% | 4/23/29 | 40,521 | 37,277 | ||
PNC Financial Services Group Inc. | 2.550% | 1/22/30 | 33,746 | 28,725 | ||
PNC Financial Services Group Inc. | 2.307% | 4/23/32 | 23,375 | 18,959 | ||
PNC Financial Services Group Inc. | 4.626% | 6/6/33 | 14,955 | 13,900 | ||
PNC Financial Services Group Inc. | 6.037% | 10/28/33 | 53,280 | 55,386 | ||
PNC Financial Services Group Inc. | 5.068% | 1/24/34 | 28,260 | 27,373 | ||
Primerica Inc. | 2.800% | 11/19/31 | 17,319 | 14,311 | ||
Principal Financial Group Inc. | 3.700% | 5/15/29 | 14,014 | 13,004 | ||
Principal Financial Group Inc. | 2.125% | 6/15/30 | 2,479 | 2,021 | ||
Progressive Corp. | 4.000% | 3/1/29 | 15,129 | 14,473 | ||
Progressive Corp. | 6.625% | 3/1/29 | 4,855 | 5,251 | ||
Progressive Corp. | 3.200% | 3/26/30 | 22,183 | 19,943 | ||
Progressive Corp. | 3.000% | 3/15/32 | 12,843 | 11,114 | ||
Progressive Corp. | 6.250% | 12/1/32 | 3,218 | 3,525 | ||
Prospect Capital Corp. | 3.437% | 10/15/28 | 4,848 | 3,881 | ||
1 | Prudential Financial Inc. | 3.878% | 3/27/28 | 5,627 | 5,367 | |
1 | Prudential Financial Inc. | 2.100% | 3/10/30 | 1,356 | 1,124 | |
1 | Prudential Financial Inc. | 5.700% | 9/15/48 | 12,542 | 11,929 | |
1 | Prudential Financial Inc. | 3.700% | 10/1/50 | 23,295 | 19,693 | |
Prudential Financial Inc. | 5.125% | 3/1/52 | 30,463 | 27,903 | ||
Prudential Financial Inc. | 6.000% | 9/1/52 | 29,560 | 28,676 | ||
Prudential plc | 3.125% | 4/14/30 | 19,507 | 17,168 | ||
Prudential plc | 3.625% | 3/24/32 | 8,927 | 7,964 | ||
Raymond James Financial Inc. | 4.650% | 4/1/30 | 9,198 | 8,834 | ||
Regions Financial Corp. | 1.800% | 8/12/28 | 17,035 | 14,292 | ||
Reinsurance Group of America Inc. | 3.900% | 5/15/29 | 19,880 | 18,206 | ||
Reinsurance Group of America Inc. | 3.150% | 6/15/30 | 4,805 | 4,111 | ||
RenaissanceRe Holdings Ltd. | 3.600% | 4/15/29 | 8,313 | 7,474 | ||
1 | Royal Bank of Canada | 2.300% | 11/3/31 | 40,745 | 32,697 | |
Royal Bank of Canada | 3.875% | 5/4/32 | 17,339 | 15,671 | ||
1 | Royal Bank of Canada | 5.000% | 2/1/33 | 32,313 | 31,526 | |
Santander UK Group Holdings plc | 2.896% | 3/15/32 | 21,773 | 17,418 | ||
1 | State Street Corp. | 4.141% | 12/3/29 | 14,842 | 14,074 | |
State Street Corp. | 2.400% | 1/24/30 | 24,968 | 21,351 | ||
State Street Corp. | 2.200% | 3/3/31 | 32,405 | 26,055 | ||
State Street Corp. | 3.152% | 3/30/31 | 13,486 | 11,843 | ||
State Street Corp. | 4.421% | 5/13/33 | 10,273 | 9,727 | ||
State Street Corp. | 4.164% | 8/4/33 | 20,120 | 18,454 | ||
State Street Corp. | 4.821% | 1/26/34 | 19,665 | 18,979 | ||
1 | State Street Corp. | 3.031% | 11/1/34 | 4,288 | 3,666 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Stewart Information Services Corp. | 3.600% | 11/15/31 | 15,770 | 12,198 | ||
Stifel Financial Corp. | 4.000% | 5/15/30 | 10,226 | 9,037 | ||
Sumitomo Mitsui Financial Group Inc. | 3.544% | 1/17/28 | 10,363 | 9,553 | ||
Sumitomo Mitsui Financial Group Inc. | 3.944% | 7/19/28 | 14,834 | 13,864 | ||
Sumitomo Mitsui Financial Group Inc. | 1.902% | 9/17/28 | 64,672 | 53,680 | ||
Sumitomo Mitsui Financial Group Inc. | 4.306% | 10/16/28 | 8,761 | 8,302 | ||
Sumitomo Mitsui Financial Group Inc. | 3.040% | 7/16/29 | 65,234 | 56,517 | ||
Sumitomo Mitsui Financial Group Inc. | 3.202% | 9/17/29 | 10,427 | 8,927 | ||
Sumitomo Mitsui Financial Group Inc. | 2.724% | 9/27/29 | 3,753 | 3,163 | ||
Sumitomo Mitsui Financial Group Inc. | 5.710% | 1/13/30 | 20,280 | 20,427 | ||
Sumitomo Mitsui Financial Group Inc. | 2.750% | 1/15/30 | 31,615 | 26,723 | ||
Sumitomo Mitsui Financial Group Inc. | 2.130% | 7/8/30 | 45,020 | 35,962 | ||
Sumitomo Mitsui Financial Group Inc. | 2.142% | 9/23/30 | 30,435 | 23,863 | ||
Sumitomo Mitsui Financial Group Inc. | 1.710% | 1/12/31 | 11,788 | 8,976 | ||
Sumitomo Mitsui Financial Group Inc. | 2.222% | 9/17/31 | 5,360 | 4,181 | ||
Sumitomo Mitsui Financial Group Inc. | 5.766% | 1/13/33 | 43,241 | 43,655 | ||
SVB Financial Group | 2.100% | 5/15/28 | 4,135 | 3,474 | ||
SVB Financial Group | 3.125% | 6/5/30 | 13,814 | 11,654 | ||
SVB Financial Group | 1.800% | 2/2/31 | 20,563 | 15,249 | ||
SVB Financial Group | 4.570% | 4/29/33 | 3,223 | 2,908 | ||
Synchrony Financial | 5.150% | 3/19/29 | 16,307 | 15,322 | ||
Synchrony Financial | 2.875% | 10/28/31 | 16,298 | 12,267 | ||
1 | Toronto-Dominion Bank | 2.000% | 9/10/31 | 20,634 | 16,203 | |
1 | Toronto-Dominion Bank | 2.450% | 1/12/32 | 14,727 | 11,934 | |
1 | Toronto-Dominion Bank | 3.200% | 3/10/32 | 40,652 | 34,969 | |
Toronto-Dominion Bank | 4.456% | 6/8/32 | 57,120 | 53,806 | ||
1 | Truist Bank | 2.250% | 3/11/30 | 27,746 | 22,930 | |
1 | Truist Financial Corp. | 3.875% | 3/19/29 | 21,359 | 19,833 | |
1 | Truist Financial Corp. | 1.887% | 6/7/29 | 31,963 | 26,970 | |
1 | Truist Financial Corp. | 1.950% | 6/5/30 | 5,436 | 4,399 | |
1 | Truist Financial Corp. | 4.916% | 7/28/33 | 21,427 | 20,196 | |
1 | Truist Financial Corp. | 6.123% | 10/28/33 | 29,750 | 31,166 | |
1 | Truist Financial Corp. | 5.122% | 1/26/34 | 26,785 | 26,066 | |
Unum Group | 4.000% | 6/15/29 | 10,214 | 9,331 | ||
1 | US Bancorp | 3.900% | 4/26/28 | 27,322 | 26,095 | |
1 | US Bancorp | 3.000% | 7/30/29 | 26,718 | 23,472 | |
1 | US Bancorp | 1.375% | 7/22/30 | 22,499 | 17,443 | |
1 | US Bancorp | 2.677% | 1/27/33 | 14,202 | 11,720 | |
1 | US Bancorp | 4.967% | 7/22/33 | 33,138 | 31,599 | |
US Bancorp | 5.850% | 10/21/33 | 50,892 | 52,431 | ||
US Bancorp | 4.839% | 2/1/34 | 15,243 | 14,588 | ||
US Bancorp | 2.491% | 11/3/36 | 28,895 | 22,221 | ||
Visa Inc. | 2.750% | 9/15/27 | 13,846 | 12,804 | ||
Visa Inc. | 2.050% | 4/15/30 | 33,828 | 28,621 | ||
Visa Inc. | 1.100% | 2/15/31 | 20,957 | 16,089 | ||
Webster Financial Corp. | 4.100% | 3/25/29 | 8,519 | 7,836 | ||
1 | Wells Fargo & Co. | 3.196% | 6/17/27 | 184 | 171 | |
1 | Wells Fargo & Co. | 4.150% | 1/24/29 | 61,199 | 57,319 | |
1 | Wells Fargo & Co. | 7.950% | 11/15/29 | 1,060 | 1,215 | |
1 | Wells Fargo & Co. | 2.879% | 10/30/30 | 105,302 | 89,598 | |
1 | Wells Fargo & Co. | 2.572% | 2/11/31 | 75,184 | 62,671 | |
1 | Wells Fargo & Co. | 4.478% | 4/4/31 | 62,762 | 58,980 | |
1 | Wells Fargo & Co. | 3.350% | 3/2/33 | 86,477 | 73,144 | |
1 | Wells Fargo & Co. | 4.897% | 7/25/33 | 110,914 | 105,842 | |
Western Union Co. | 2.750% | 3/15/31 | 4,000 | 3,109 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Westpac Banking Corp. | 3.400% | 1/25/28 | 7,523 | 6,990 | ||
Westpac Banking Corp. | 1.953% | 11/20/28 | 48,136 | 41,051 | ||
Westpac Banking Corp. | 2.650% | 1/16/30 | 16,465 | 14,385 | ||
Westpac Banking Corp. | 2.150% | 6/3/31 | 29,780 | 24,769 | ||
Westpac Banking Corp. | 5.405% | 8/10/33 | 16,500 | 15,813 | ||
Westpac Banking Corp. | 4.110% | 7/24/34 | 36,031 | 31,820 | ||
Westpac Banking Corp. | 2.668% | 11/15/35 | 23,732 | 18,223 | ||
Westpac Banking Corp. | 3.020% | 11/18/36 | 28,074 | 21,516 | ||
Willis North America Inc. | 4.500% | 9/15/28 | 12,917 | 12,256 | ||
Willis North America Inc. | 2.950% | 9/15/29 | 21,962 | 18,766 | ||
Wintrust Financial Corp. | 4.850% | 6/6/29 | 6,776 | 6,177 | ||
Zions Bancorp NA | 3.250% | 10/29/29 | 6,410 | 5,333 | ||
12,507,606 | ||||||
Health Care (9.1%) | ||||||
Abbott Laboratories | 1.150% | 1/30/28 | 5,360 | 4,542 | ||
Abbott Laboratories | 1.400% | 6/30/30 | 12,909 | 10,333 | ||
AbbVie Inc. | 4.250% | 11/14/28 | 66,259 | 63,376 | ||
AbbVie Inc. | 3.200% | 11/21/29 | 138,992 | 122,882 | ||
Adventist Health System | 2.952% | 3/1/29 | 8,784 | 7,595 | ||
Adventist Health System | 5.430% | 3/1/32 | 8,050 | 7,970 | ||
Advocate Health & Hospitals Corp. | 3.829% | 8/15/28 | 4,509 | 4,213 | ||
1 | Advocate Health & Hospitals Corp. | 2.211% | 6/15/30 | 8,583 | 7,140 | |
Agilent Technologies Inc. | 2.750% | 9/15/29 | 2,559 | 2,210 | ||
Agilent Technologies Inc. | 2.100% | 6/4/30 | 11,776 | 9,547 | ||
Agilent Technologies Inc. | 2.300% | 3/12/31 | 34,819 | 28,322 | ||
AmerisourceBergen Corp. | 3.450% | 12/15/27 | 11,435 | 10,640 | ||
AmerisourceBergen Corp. | 2.800% | 5/15/30 | 7,951 | 6,778 | ||
AmerisourceBergen Corp. | 2.700% | 3/15/31 | 34,466 | 28,625 | ||
3 | Amgen Inc. | 5.150% | 3/2/28 | 15,000 | 14,940 | |
Amgen Inc. | 1.650% | 8/15/28 | 37,603 | 31,492 | ||
Amgen Inc. | 3.000% | 2/22/29 | 12,223 | 10,874 | ||
Amgen Inc. | 4.050% | 8/18/29 | 27,678 | 25,805 | ||
Amgen Inc. | 2.450% | 2/21/30 | 36,894 | 30,976 | ||
3 | Amgen Inc. | 5.250% | 3/2/30 | 22,375 | 22,262 | |
Amgen Inc. | 2.300% | 2/25/31 | 27,478 | 22,259 | ||
Amgen Inc. | 2.000% | 1/15/32 | 18,763 | 14,518 | ||
Amgen Inc. | 3.350% | 2/22/32 | 25,061 | 21,705 | ||
Amgen Inc. | 4.200% | 3/1/33 | 5,500 | 5,056 | ||
3 | Amgen Inc. | 5.250% | 3/2/33 | 56,200 | 55,783 | |
1 | Ascension Health | 2.532% | 11/15/29 | 11,137 | 9,561 | |
AstraZeneca Finance LLC | 1.750% | 5/28/28 | 46,500 | 39,816 | ||
AstraZeneca Finance LLC | 2.250% | 5/28/31 | 18,593 | 15,480 | ||
AstraZeneca plc | 4.000% | 1/17/29 | 32,611 | 31,269 | ||
AstraZeneca plc | 1.375% | 8/6/30 | 34,759 | 27,429 | ||
Banner Health | 2.338% | 1/1/30 | 2,371 | 2,003 | ||
Banner Health | 1.897% | 1/1/31 | 7,865 | 6,238 | ||
Baxter International Inc. | 2.272% | 12/1/28 | 45,758 | 38,313 | ||
Baxter International Inc. | 3.950% | 4/1/30 | 19,221 | 17,267 | ||
Baxter International Inc. | 1.730% | 4/1/31 | 14,118 | 10,508 | ||
Baxter International Inc. | 2.539% | 2/1/32 | 42,499 | 32,915 | ||
1 | Baylor Scott & White Holdings | 1.777% | 11/15/30 | 2,823 | 2,232 | |
Becton Dickinson & Co. | 3.700% | 6/6/27 | 6,000 | 5,662 | ||
Becton Dickinson & Co. | 2.823% | 5/20/30 | 10,000 | 8,561 | ||
Becton Dickinson & Co. | 1.957% | 2/11/31 | 30,971 | 24,358 | ||
Becton Dickinson & Co. | 4.298% | 8/22/32 | 15,747 | 14,629 | ||
Biogen Inc. | 2.250% | 5/1/30 | 37,364 | 30,264 | ||
Bio-Rad Laboratories Inc. | 3.700% | 3/15/32 | 20,695 | 18,045 | ||
1 | Bon Secours Mercy Health Inc. | 4.302% | 7/1/28 | 2,236 | 2,129 | |
1 | Bon Secours Mercy Health Inc. | 3.464% | 6/1/30 | 13,477 | 11,995 | |
1 | Bon Secours Mercy Health Inc. | 2.095% | 6/1/31 | 2,999 | 2,368 | |
Boston Scientific Corp. | 4.000% | 3/1/28 | 50 | 48 | ||
Boston Scientific Corp. | 2.650% | 6/1/30 | 36,136 | 30,882 | ||
Bristol-Myers Squibb Co. | 3.900% | 2/20/28 | 43,792 | 41,978 | ||
Bristol-Myers Squibb Co. | 3.400% | 7/26/29 | 55,419 | 50,787 | ||
Bristol-Myers Squibb Co. | 1.450% | 11/13/30 | 29,607 | 23,353 | ||
Bristol-Myers Squibb Co. | 2.950% | 3/15/32 | 44,675 | 38,563 | ||
1 | Cedars-Sinai Health System | 2.288% | 8/15/31 | 8,250 | 6,730 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Centene Corp. | 2.450% | 7/15/28 | 61,075 | 51,321 | ||
Centene Corp. | 4.625% | 12/15/29 | 86,859 | 79,664 | ||
Centene Corp. | 3.375% | 2/15/30 | 42,610 | 36,082 | ||
Centene Corp. | 3.000% | 10/15/30 | 60,942 | 49,806 | ||
Centene Corp. | 2.500% | 3/1/31 | 62,133 | 48,490 | ||
Centene Corp. | 2.625% | 8/1/31 | 39,917 | 31,207 | ||
1 | CHRISTUS Health | 4.341% | 7/1/28 | 6,468 | 6,168 | |
Cigna Group | 4.375% | 10/15/28 | 89,233 | 85,683 | ||
Cigna Group | 2.400% | 3/15/30 | 35,563 | 29,636 | ||
Cigna Group | 2.375% | 3/15/31 | 51,393 | 41,845 | ||
CommonSpirit Health | 3.347% | 10/1/29 | 24,560 | 21,372 | ||
CVS Health Corp. | 4.300% | 3/25/28 | 85,911 | 82,118 | ||
CVS Health Corp. | 3.250% | 8/15/29 | 56,837 | 50,194 | ||
CVS Health Corp. | 5.125% | 2/21/30 | 30,000 | 29,452 | ||
CVS Health Corp. | 3.750% | 4/1/30 | 41,161 | 37,198 | ||
CVS Health Corp. | 1.750% | 8/21/30 | 39,544 | 30,857 | ||
CVS Health Corp. | 1.875% | 2/28/31 | 45,383 | 35,235 | ||
CVS Health Corp. | 2.125% | 9/15/31 | 19,434 | 15,227 | ||
CVS Health Corp. | 5.250% | 2/21/33 | 45,300 | 44,579 | ||
DENTSPLY SIRONA Inc. | 3.250% | 6/1/30 | 19,498 | 16,636 | ||
DH Europe Finance II Sarl | 2.600% | 11/15/29 | 11,203 | 9,668 | ||
Edwards Lifesciences Corp. | 4.300% | 6/15/28 | 12,581 | 12,065 | ||
Elevance Health Inc. | 4.101% | 3/1/28 | 34,275 | 32,698 | ||
Elevance Health Inc. | 2.875% | 9/15/29 | 31,089 | 27,081 | ||
Elevance Health Inc. | 2.250% | 5/15/30 | 26,547 | 21,866 | ||
Elevance Health Inc. | 2.550% | 3/15/31 | 31,308 | 25,936 | ||
Elevance Health Inc. | 4.100% | 5/15/32 | 3,870 | 3,548 | ||
Elevance Health Inc. | 5.500% | 10/15/32 | 16,868 | 17,133 | ||
Elevance Health Inc. | 4.750% | 2/15/33 | 11,433 | 10,975 | ||
Eli Lilly & Co. | 3.375% | 3/15/29 | 12,803 | 11,887 | ||
Eli Lilly & Co. | 4.700% | 2/27/33 | 5,300 | 5,271 | ||
2 | GE HealthCare Technologies Inc. | 5.857% | 3/15/30 | 28,215 | 28,833 | |
2 | GE HealthCare Technologies Inc. | 5.905% | 11/22/32 | 46,782 | 48,338 | |
Gilead Sciences Inc. | 1.650% | 10/1/30 | 14,937 | 11,804 | ||
GlaxoSmithKline Capital Inc. | 3.875% | 5/15/28 | 58,815 | 56,039 | ||
GlaxoSmithKline Capital plc | 3.375% | 6/1/29 | 19,239 | 17,585 | ||
HCA Inc. | 5.625% | 9/1/28 | 31,546 | 31,177 | ||
HCA Inc. | 5.875% | 2/1/29 | 37,405 | 37,384 | ||
2 | HCA Inc. | 3.375% | 3/15/29 | 16,889 | 14,786 | |
HCA Inc. | 4.125% | 6/15/29 | 48,355 | 44,020 | ||
HCA Inc. | 3.500% | 9/1/30 | 64,348 | 55,324 | ||
HCA Inc. | 2.375% | 7/15/31 | 25,200 | 19,618 | ||
2 | HCA Inc. | 3.625% | 3/15/32 | 43,687 | 36,924 | |
Humana Inc. | 5.750% | 3/1/28 | 5,000 | 5,092 | ||
Humana Inc. | 3.700% | 3/23/29 | 14,157 | 12,841 | ||
Humana Inc. | 3.125% | 8/15/29 | 20,586 | 17,957 | ||
Humana Inc. | 4.875% | 4/1/30 | 15,903 | 15,566 | ||
Humana Inc. | 2.150% | 2/3/32 | 20,927 | 16,136 | ||
Illumina Inc. | 2.550% | 3/23/31 | 10,771 | 8,611 | ||
Johnson & Johnson | 2.900% | 1/15/28 | 10,204 | 9,489 | ||
Johnson & Johnson | 6.950% | 9/1/29 | 1,722 | 2,041 | ||
Johnson & Johnson | 1.300% | 9/1/30 | 36,663 | 29,423 | ||
Laboratory Corp. of America Holdings | 2.950% | 12/1/29 | 5,851 | 5,019 | ||
Laboratory Corp. of America Holdings | 2.700% | 6/1/31 | 14,953 | 12,435 | ||
Merck & Co. Inc. | 1.900% | 12/10/28 | 14,755 | 12,656 | ||
Merck & Co. Inc. | 3.400% | 3/7/29 | 48,242 | 44,790 | ||
Merck & Co. Inc. | 1.450% | 6/24/30 | 31,938 | 25,551 | ||
Merck & Co. Inc. | 2.150% | 12/10/31 | 54,710 | 44,580 | ||
Mylan Inc. | 4.550% | 4/15/28 | 11,667 | 10,924 | ||
Novartis Capital Corp. | 2.200% | 8/14/30 | 34,529 | 29,184 | ||
1 | Ochsner LSU Health System of North Louisiana | 2.510% | 5/15/31 | 6,290 | 4,530 | |
OhioHealth Corp. | 2.297% | 11/15/31 | 7,740 | 6,271 | ||
PerkinElmer Inc. | 1.900% | 9/15/28 | 13,595 | 11,312 | ||
PerkinElmer Inc. | 3.300% | 9/15/29 | 17,959 | 15,516 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PerkinElmer Inc. | 2.550% | 3/15/31 | 12,177 | 9,777 | ||
PerkinElmer Inc. | 2.250% | 9/15/31 | 5,540 | 4,295 | ||
Pfizer Inc. | 3.600% | 9/15/28 | 8,414 | 7,999 | ||
Pfizer Inc. | 3.450% | 3/15/29 | 59,413 | 55,358 | ||
Pfizer Inc. | 2.625% | 4/1/30 | 43,347 | 37,843 | ||
Pfizer Inc. | 1.700% | 5/28/30 | 21,304 | 17,418 | ||
Pfizer Inc. | 1.750% | 8/18/31 | 20,531 | 16,304 | ||
Pharmacia LLC | 6.600% | 12/1/28 | 11,514 | 12,571 | ||
1 | Piedmont Healthcare Inc. | 2.044% | 1/1/32 | 5,751 | 4,496 | |
1 | Providence St. Joseph Health Obligated Group | 2.532% | 10/1/29 | 4,952 | 4,181 | |
Quest Diagnostics Inc. | 4.200% | 6/30/29 | 9,935 | 9,390 | ||
Quest Diagnostics Inc. | 2.950% | 6/30/30 | 24,559 | 21,129 | ||
Quest Diagnostics Inc. | 2.800% | 6/30/31 | 1,779 | 1,493 | ||
Regeneron Pharmaceuticals Inc. | 1.750% | 9/15/30 | 28,962 | 22,546 | ||
Royalty Pharma plc | 2.200% | 9/2/30 | 15,542 | 12,183 | ||
Royalty Pharma plc | 2.150% | 9/2/31 | 21,799 | 16,592 | ||
1 | Rush Obligated Group | 3.922% | 11/15/29 | 8,281 | 7,594 | |
Sanofi | 3.625% | 6/19/28 | 16,960 | 16,106 | ||
Smith & Nephew plc | 2.032% | 10/14/30 | 25,160 | 19,786 | ||
1 | Stanford Health Care | 3.310% | 8/15/30 | 7,540 | 6,747 | |
STERIS Irish FinCo Unltd. Co. | 2.700% | 3/15/31 | 28,453 | 23,399 | ||
Stryker Corp. | 3.650% | 3/7/28 | 19,756 | 18,609 | ||
Stryker Corp. | 1.950% | 6/15/30 | 17,635 | 14,336 | ||
1 | Sutter Health | 3.695% | 8/15/28 | 2,961 | 2,732 | |
1 | Sutter Health | 2.294% | 8/15/30 | 18,350 | 15,146 | |
Takeda Pharmaceutical Co. Ltd. | 5.000% | 11/26/28 | 61,330 | 60,501 | ||
Takeda Pharmaceutical Co. Ltd. | 2.050% | 3/31/30 | 42,204 | 34,398 | ||
Thermo Fisher Scientific Inc. | 1.750% | 10/15/28 | 26,065 | 22,001 | ||
Thermo Fisher Scientific Inc. | 2.600% | 10/1/29 | 12,315 | 10,661 | ||
Thermo Fisher Scientific Inc. | 2.000% | 10/15/31 | 41,407 | 33,078 | ||
Thermo Fisher Scientific Inc. | 4.950% | 11/21/32 | 16,274 | 16,209 | ||
UnitedHealth Group Inc. | 3.450% | 1/15/27 | 90 | 85 | ||
UnitedHealth Group Inc. | 5.250% | 2/15/28 | 8,554 | 8,671 | ||
UnitedHealth Group Inc. | 3.850% | 6/15/28 | 37,163 | 35,264 | ||
UnitedHealth Group Inc. | 3.875% | 12/15/28 | 17,641 | 16,667 | ||
UnitedHealth Group Inc. | 2.875% | 8/15/29 | 35,617 | 31,385 | ||
UnitedHealth Group Inc. | 5.300% | 2/15/30 | 33,205 | 33,646 | ||
UnitedHealth Group Inc. | 2.000% | 5/15/30 | 12,038 | 9,866 | ||
UnitedHealth Group Inc. | 2.300% | 5/15/31 | 54,729 | 45,123 | ||
UnitedHealth Group Inc. | 4.200% | 5/15/32 | 49,795 | 46,834 | ||
UnitedHealth Group Inc. | 5.350% | 2/15/33 | 10,812 | 11,059 | ||
Universal Health Services Inc. | 2.650% | 10/15/30 | 21,843 | 17,602 | ||
2 | Universal Health Services Inc. | 2.650% | 1/15/32 | 200 | 154 | |
Universal Health Services Inc. | 2.650% | 1/15/32 | 10,395 | 8,014 | ||
Viatris Inc. | 2.700% | 6/22/30 | 34,564 | 27,397 | ||
Zimmer Biomet Holdings Inc. | 3.550% | 3/20/30 | 7,331 | 6,425 | ||
Zimmer Biomet Holdings Inc. | 2.600% | 11/24/31 | 14,213 | 11,516 | ||
Zoetis Inc. | 3.900% | 8/20/28 | 15,633 | 14,803 | ||
Zoetis Inc. | 2.000% | 5/15/30 | 19,454 | 15,936 | ||
Zoetis Inc. | 5.600% | 11/16/32 | 16,920 | 17,509 | ||
3,768,714 | ||||||
Industrials (6.2%) | ||||||
1 | 3M Co. | 3.625% | 9/14/28 | 3,660 | 3,397 | |
1 | 3M Co. | 3.375% | 3/1/29 | 27,383 | 24,747 | |
3M Co. | 2.375% | 8/26/29 | 23,964 | 20,120 | ||
3M Co. | 3.050% | 4/15/30 | 14,629 | 12,808 | ||
Acuity Brands Lighting Inc. | 2.150% | 12/15/30 | 12,902 | 10,096 | ||
Allegion plc | 3.500% | 10/1/29 | 12,866 | 11,223 | ||
Allegion US Holding Co. Inc. | 5.411% | 7/1/32 | 13,130 | 12,818 | ||
1 | American Airlines Pass-Through Trust Class A Series 2021-1 | 2.875% | 7/11/34 | 3,747 | 3,079 | |
1 | American Airlines Pass-Through Trust Class AA Series 2015-2 | 3.600% | 9/22/27 | 2,169 | 1,978 | |
1 | American Airlines Pass-Through Trust Class AA Series 2016-1 | 3.575% | 1/15/28 | 8,478 | 7,766 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | American Airlines Pass-Through Trust Class AA Series 2016-2 | 3.200% | 6/15/28 | 10,104 | 9,026 | |
1 | American Airlines Pass-Through Trust Class AA Series 2016-3 | 3.000% | 10/15/28 | 6,550 | 5,799 | |
1 | American Airlines Pass-Through Trust Class AA Series 2017-1 | 3.650% | 2/15/29 | 9,905 | 8,998 | |
1 | American Airlines Pass-Through Trust Class AA Series 2017-2 | 3.350% | 10/15/29 | 10,146 | 9,019 | |
1 | American Airlines Pass-Through Trust Class AA Series 2019-1 | 3.150% | 2/15/32 | 11,376 | 9,865 | |
Amphenol Corp. | 4.350% | 6/1/29 | 13,371 | 12,979 | ||
Amphenol Corp. | 2.800% | 2/15/30 | 27,443 | 23,667 | ||
Amphenol Corp. | 2.200% | 9/15/31 | 13,746 | 10,937 | ||
Boeing Co. | 3.250% | 3/1/28 | 10,764 | 9,791 | ||
Boeing Co. | 3.450% | 11/1/28 | 15,745 | 14,244 | ||
Boeing Co. | 3.200% | 3/1/29 | 29,267 | 25,756 | ||
Boeing Co. | 2.950% | 2/1/30 | 28,518 | 24,329 | ||
Boeing Co. | 5.150% | 5/1/30 | 109,203 | 105,809 | ||
Boeing Co. | 3.625% | 2/1/31 | 34,988 | 30,658 | ||
Canadian National Railway Co. | 6.900% | 7/15/28 | 5,446 | 5,926 | ||
Canadian National Railway Co. | 3.850% | 8/5/32 | 19,761 | 18,126 | ||
Canadian Pacific Railway Co. | 4.000% | 6/1/28 | 2,485 | 2,362 | ||
Canadian Pacific Railway Co. | 2.050% | 3/5/30 | 29,198 | 23,993 | ||
Canadian Pacific Railway Co. | 7.125% | 10/15/31 | 4,076 | 4,565 | ||
Canadian Pacific Railway Co. | 2.450% | 12/2/31 | 36,371 | 30,272 | ||
Carrier Global Corp. | 2.722% | 2/15/30 | 54,114 | 45,640 | ||
Carrier Global Corp. | 2.700% | 2/15/31 | 17,115 | 14,137 | ||
Caterpillar Inc. | 2.600% | 9/19/29 | 2,821 | 2,458 | ||
Caterpillar Inc. | 2.600% | 4/9/30 | 35,187 | 30,657 | ||
Caterpillar Inc. | 1.900% | 3/12/31 | 2,524 | 2,041 | ||
CH Robinson Worldwide Inc. | 4.200% | 4/15/28 | 16,538 | 15,745 | ||
1 | CNH Industrial NV | 3.850% | 11/15/27 | 9,073 | 8,597 | |
CSX Corp. | 3.800% | 3/1/28 | 17,173 | 16,313 | ||
CSX Corp. | 4.250% | 3/15/29 | 32,725 | 31,047 | ||
CSX Corp. | 2.400% | 2/15/30 | 7,489 | 6,321 | ||
CSX Corp. | 4.100% | 11/15/32 | 26,856 | 24,751 | ||
Cummins Inc. | 1.500% | 9/1/30 | 12,814 | 10,158 | ||
Deere & Co. | 5.375% | 10/16/29 | 8,913 | 9,241 | ||
Deere & Co. | 3.100% | 4/15/30 | 28,624 | 25,600 | ||
1 | Delta Air Lines Pass-Through Trust Class AA Series 2020-1 | 2.000% | 6/10/28 | 14,379 | 12,589 | |
Dover Corp. | 2.950% | 11/4/29 | 4,484 | 3,889 | ||
Eaton Corp. | 4.000% | 11/2/32 | 18,303 | 16,777 | ||
Emerson Electric Co. | 1.800% | 10/15/27 | 5,000 | 4,363 | ||
Emerson Electric Co. | 2.000% | 12/21/28 | 28,341 | 24,211 | ||
Emerson Electric Co. | 1.950% | 10/15/30 | 12,882 | 10,393 | ||
Emerson Electric Co. | 2.200% | 12/21/31 | 27,265 | 21,841 | ||
FedEx Corp. | 3.400% | 2/15/28 | 7,412 | 6,830 | ||
FedEx Corp. | 4.200% | 10/17/28 | 10,942 | 10,505 | ||
FedEx Corp. | 3.100% | 8/5/29 | 21,439 | 18,904 | ||
FedEx Corp. | 4.250% | 5/15/30 | 20,351 | 19,095 | ||
FedEx Corp. | 2.400% | 5/15/31 | 21,250 | 17,260 | ||
Flowserve Corp. | 3.500% | 10/1/30 | 24,625 | 20,872 | ||
General Dynamics Corp. | 3.750% | 5/15/28 | 21,762 | 20,684 | ||
General Dynamics Corp. | 3.625% | 4/1/30 | 31,723 | 29,560 | ||
General Dynamics Corp. | 2.250% | 6/1/31 | 7,144 | 5,952 | ||
Honeywell International Inc. | 4.950% | 2/15/28 | 7,430 | 7,505 | ||
Honeywell International Inc. | 2.700% | 8/15/29 | 12,142 | 10,685 | ||
Honeywell International Inc. | 1.950% | 6/1/30 | 34,433 | 28,422 | ||
Honeywell International Inc. | 1.750% | 9/1/31 | 32,172 | 25,471 | ||
Honeywell International Inc. | 5.000% | 2/15/33 | 4,200 | 4,251 | ||
Huntington Ingalls Industries Inc. | 3.483% | 12/1/27 | 9,200 | 8,416 | ||
Huntington Ingalls Industries Inc. | 2.043% | 8/16/28 | 16,845 | 13,948 | ||
Huntington Ingalls Industries Inc. | 4.200% | 5/1/30 | 2,118 | 1,934 | ||
IDEX Corp. | 3.000% | 5/1/30 | 24,886 | 21,403 | ||
Jacobs Engineering Group Inc. | 5.900% | 3/1/33 | 6,845 | 6,726 | ||
1 | JetBlue Pass-Through Trust Class A Series 2020-1 | 4.000% | 11/15/32 | 9,064 | 8,309 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | JetBlue Pass-Through Trust Class AA Series 2019-1 | 2.750% | 5/15/32 | 2,196 | 1,851 | |
3 | John Deere Capital Corp. | 4.900% | 3/3/28 | 5,000 | 4,994 | |
1 | John Deere Capital Corp. | 1.500% | 3/6/28 | 16,135 | 13,801 | |
1 | John Deere Capital Corp. | 3.450% | 3/7/29 | 21,375 | 19,806 | |
1 | John Deere Capital Corp. | 2.800% | 7/18/29 | 18,400 | 16,311 | |
1 | John Deere Capital Corp. | 2.450% | 1/9/30 | 12,155 | 10,462 | |
John Deere Capital Corp. | 1.450% | 1/15/31 | 15,751 | 12,387 | ||
1 | John Deere Capital Corp. | 3.900% | 6/7/32 | 30,308 | 28,166 | |
1 | John Deere Capital Corp. | 4.350% | 9/15/32 | 15,047 | 14,492 | |
Johnson Controls International plc | 1.750% | 9/15/30 | 22,284 | 17,780 | ||
Johnson Controls International plc | 2.000% | 9/16/31 | 4,417 | 3,484 | ||
Johnson Controls International plc | 4.900% | 12/1/32 | 5,089 | 5,007 | ||
Kansas City Southern | 2.875% | 11/15/29 | 12,149 | 10,513 | ||
Kennametal Inc. | 4.625% | 6/15/28 | 3,490 | 3,289 | ||
Kennametal Inc. | 2.800% | 3/1/31 | 3,523 | 2,779 | ||
Keysight Technologies Inc. | 3.000% | 10/30/29 | 3,586 | 3,095 | ||
Kirby Corp. | 4.200% | 3/1/28 | 13,740 | 12,893 | ||
L3Harris Technologies Inc. | 4.400% | 6/15/28 | 24,539 | 23,604 | ||
1 | L3Harris Technologies Inc. | 4.400% | 6/15/28 | 23,547 | 22,717 | |
L3Harris Technologies Inc. | 1.800% | 1/15/31 | 17,953 | 14,001 | ||
Lockheed Martin Corp. | 1.850% | 6/15/30 | 11,792 | 9,644 | ||
Lockheed Martin Corp. | 3.900% | 6/15/32 | 20,170 | 18,710 | ||
Lockheed Martin Corp. | 5.250% | 1/15/33 | 25,428 | 26,070 | ||
2 | Mileage Plus Holdings LLC | 6.500% | 6/20/27 | 14,400 | 14,386 | |
Norfolk Southern Corp. | 3.800% | 8/1/28 | 14,347 | 13,410 | ||
Norfolk Southern Corp. | 2.550% | 11/1/29 | 15,015 | 12,701 | ||
Norfolk Southern Corp. | 2.300% | 5/15/31 | 7,821 | 6,333 | ||
Norfolk Southern Corp. | 3.000% | 3/15/32 | 15,594 | 13,163 | ||
Northrop Grumman Corp. | 4.400% | 5/1/30 | 11,998 | 11,460 | ||
Northrop Grumman Corp. | 4.700% | 3/15/33 | 9,435 | 9,097 | ||
nVent Finance Sarl | 4.550% | 4/15/28 | 11,216 | 10,396 | ||
nVent Finance Sarl | 2.750% | 11/15/31 | 6,709 | 5,303 | ||
Oshkosh Corp. | 4.600% | 5/15/28 | 6,715 | 6,478 | ||
Oshkosh Corp. | 3.100% | 3/1/30 | 8,171 | 7,045 | ||
Otis Worldwide Corp. | 2.565% | 2/15/30 | 40,538 | 34,163 | ||
Parker-Hannifin Corp. | 3.250% | 6/14/29 | 31,850 | 28,359 | ||
Parker-Hannifin Corp. | 4.500% | 9/15/29 | 32,875 | 31,408 | ||
Pentair Finance Sarl | 4.500% | 7/1/29 | 15,079 | 13,841 | ||
Pentair Finance Sarl | 5.900% | 7/15/32 | 8,390 | 8,398 | ||
Raytheon Technologies Corp. | 4.125% | 11/16/28 | 78,903 | 75,134 | ||
Raytheon Technologies Corp. | 2.250% | 7/1/30 | 23,588 | 19,533 | ||
Raytheon Technologies Corp. | 1.900% | 9/1/31 | 12,191 | 9,530 | ||
Raytheon Technologies Corp. | 2.375% | 3/15/32 | 49,926 | 40,235 | ||
Raytheon Technologies Corp. | 5.150% | 2/27/33 | 7,580 | 7,540 | ||
2 | Regal Rexnord Corp. | 6.050% | 4/15/28 | 26,000 | 25,412 | |
2 | Regal Rexnord Corp. | 6.300% | 2/15/30 | 30,110 | 29,506 | |
2 | Regal Rexnord Corp. | 6.400% | 4/15/33 | 2,500 | 2,449 | |
Republic Services Inc. | 3.950% | 5/15/28 | 14,751 | 13,970 | ||
Republic Services Inc. | 2.300% | 3/1/30 | 19,287 | 16,153 | ||
Republic Services Inc. | 1.450% | 2/15/31 | 21,254 | 16,295 | ||
Republic Services Inc. | 1.750% | 2/15/32 | 9,296 | 7,130 | ||
Rockwell Automation Inc. | 3.500% | 3/1/29 | 14,418 | 13,365 | ||
Rockwell Automation Inc. | 1.750% | 8/15/31 | 7,990 | 6,286 | ||
Southwest Airlines Co. | 3.000% | 11/15/26 | 9,695 | 8,926 | ||
Southwest Airlines Co. | 2.625% | 2/10/30 | 11,213 | 9,336 | ||
1 | Spirit Airlines Pass-Through Trust Class A Series 2015-1 | 4.100% | 4/1/28 | 1,917 | 1,779 | |
Teledyne Technologies Inc. | 2.250% | 4/1/28 | 18,445 | 15,960 | ||
Teledyne Technologies Inc. | 2.750% | 4/1/31 | 37,524 | 30,701 | ||
Textron Inc. | 3.900% | 9/17/29 | 14,367 | 13,045 | ||
Textron Inc. | 3.000% | 6/1/30 | 9,178 | 7,956 | ||
Textron Inc. | 2.450% | 3/15/31 | 10,430 | 8,536 | ||
Timken Co. | 4.500% | 12/15/28 | 8,673 | 8,211 | ||
Timken Co. | 4.125% | 4/1/32 | 10,905 | 9,815 | ||
3 | Trane Technologies Financing Ltd. | 5.250% | 3/3/33 | 10,000 | 9,939 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Trane Technologies Global Holding Co. Ltd. | 3.750% | 8/21/28 | 13,582 | 12,786 | ||
Trane Technologies Luxembourg Finance SA | 3.800% | 3/21/29 | 18,479 | 17,023 | ||
Trimble Inc. | 4.900% | 6/15/28 | 8,398 | 8,055 | ||
2 | Triton Container International Ltd. | 3.150% | 6/15/31 | 10,945 | 8,575 | |
Triton Container International Ltd. | 3.250% | 3/15/32 | 4,327 | 3,345 | ||
Tyco Electronics Group SA | 2.500% | 2/4/32 | 5,943 | 4,922 | ||
Union Pacific Corp. | 2.150% | 2/5/27 | 9,239 | 8,361 | ||
Union Pacific Corp. | 3.950% | 9/10/28 | 21,465 | 20,533 | ||
Union Pacific Corp. | 6.625% | 2/1/29 | 2,839 | 3,083 | ||
Union Pacific Corp. | 3.700% | 3/1/29 | 18,342 | 17,163 | ||
Union Pacific Corp. | 2.400% | 2/5/30 | 22,912 | 19,478 | ||
Union Pacific Corp. | 2.375% | 5/20/31 | 14,670 | 12,159 | ||
Union Pacific Corp. | 2.800% | 2/14/32 | 31,463 | 26,556 | ||
Union Pacific Corp. | 4.500% | 1/20/33 | 18,590 | 17,895 | ||
Union Pacific Corp. | 2.891% | 4/6/36 | 3,575 | 2,808 | ||
1 | United Airlines Pass-Through Trust Class A Series 2016-1 | 3.450% | 7/7/28 | 3,080 | 2,687 | |
1 | United Airlines Pass-Through Trust Class A Series 2020-1 | 5.875% | 10/15/27 | 17,879 | 17,730 | |
1 | United Airlines Pass-Through Trust Class AA Series 2015-1 | 3.450% | 12/1/27 | 5,777 | 5,254 | |
1 | United Airlines Pass-Through Trust Class AA Series 2016-1 | 3.100% | 7/7/28 | 9,121 | 8,218 | |
1 | United Airlines Pass-Through Trust Class AA Series 2016-2 | 2.875% | 10/7/28 | 7,766 | 6,916 | |
1 | United Airlines Pass-Through Trust Class AA Series 2018-1 | 3.500% | 3/1/30 | 3,641 | 3,268 | |
1 | United Airlines Pass-Through Trust Class AA Series 2019-1 | 4.150% | 8/25/31 | 7,108 | 6,488 | |
1 | United Airlines Pass-Through Trust Class AA Series 2019-2 | 2.700% | 5/1/32 | 10,154 | 8,533 | |
United Parcel Service Inc. | 3.050% | 11/15/27 | 5,000 | 4,641 | ||
United Parcel Service Inc. | 3.400% | 3/15/29 | 20,604 | 19,039 | ||
United Parcel Service Inc. | 2.500% | 9/1/29 | 10,034 | 8,682 | ||
United Parcel Service Inc. | 4.450% | 4/1/30 | 23,385 | 22,860 | ||
United Parcel Service Inc. | 4.875% | 3/3/33 | 8,275 | 8,218 | ||
1 | US Airways Pass-Through Trust Class A Series 2012-1 | 5.900% | 10/1/24 | 465 | 457 | |
Vontier Corp. | 2.400% | 4/1/28 | 10,614 | 8,702 | ||
Vontier Corp. | 2.950% | 4/1/31 | 17,042 | 13,013 | ||
Waste Connections Inc. | 4.250% | 12/1/28 | 11,744 | 11,228 | ||
Waste Connections Inc. | 3.500% | 5/1/29 | 16,615 | 15,019 | ||
Waste Connections Inc. | 2.600% | 2/1/30 | 12,268 | 10,440 | ||
Waste Connections Inc. | 2.200% | 1/15/32 | 19,990 | 15,803 | ||
Waste Connections Inc. | 3.200% | 6/1/32 | 12,329 | 10,520 | ||
Waste Connections Inc. | 4.200% | 1/15/33 | 17,250 | 15,939 | ||
Waste Management Inc. | 1.150% | 3/15/28 | 17,771 | 14,698 | ||
Waste Management Inc. | 2.000% | 6/1/29 | 8,192 | 6,835 | ||
Waste Management Inc. | 4.625% | 2/15/30 | 7,620 | 7,404 | ||
Waste Management Inc. | 1.500% | 3/15/31 | 26,548 | 20,450 | ||
Waste Management Inc. | 4.150% | 4/15/32 | 26,128 | 24,467 | ||
Waste Management Inc. | 4.625% | 2/15/33 | 3,810 | 3,662 | ||
Westinghouse Air Brake Technologies Corp. | 4.950% | 9/15/28 | 29,314 | 28,289 | ||
Xylem Inc. | 2.250% | 1/30/31 | 11,302 | 9,123 | ||
2,567,518 | ||||||
Materials (3.0%) | ||||||
Air Products and Chemicals Inc. | 2.050% | 5/15/30 | 21,394 | 17,877 | ||
Albemarle Corp. | 5.050% | 6/1/32 | 15,706 | 14,939 | ||
Amcor Finance USA Inc. | 4.500% | 5/15/28 | 9,520 | 9,133 | ||
1 | Amcor Flexibles North America Inc. | 3.100% | 9/15/26 | 6,123 | 5,622 | |
Amcor Flexibles North America Inc. | 2.630% | 6/19/30 | 26,236 | 21,726 | ||
Amcor Flexibles North America Inc. | 2.690% | 5/25/31 | 12,173 | 9,870 | ||
AngloGold Ashanti Holdings plc | 3.375% | 11/1/28 | 17,925 | 15,582 | ||
AngloGold Ashanti Holdings plc | 3.750% | 10/1/30 | 16,471 | 14,049 | ||
AptarGroup Inc. | 3.600% | 3/15/32 | 5,400 | 4,552 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
ArcelorMittal SA | 4.250% | 7/16/29 | 12,980 | 12,040 | ||
ArcelorMittal SA | 6.800% | 11/29/32 | 28,312 | 28,666 | ||
BHP Billiton Finance USA Ltd. | 4.900% | 2/28/33 | 17,300 | 17,228 | ||
Cabot Corp. | 4.000% | 7/1/29 | 6,360 | 5,729 | ||
Cabot Corp. | 5.000% | 6/30/32 | 11,143 | 10,503 | ||
Carlisle Cos. Inc. | 3.750% | 12/1/27 | 5,000 | 4,683 | ||
Carlisle Cos. Inc. | 2.750% | 3/1/30 | 20,375 | 17,005 | ||
Carlisle Cos. Inc. | 2.200% | 3/1/32 | 14,100 | 10,696 | ||
Celanese US Holdings LLC | 1.400% | 8/5/26 | 3,616 | 3,080 | ||
Celanese US Holdings LLC | 6.330% | 7/15/29 | 14,727 | 14,500 | ||
Celanese US Holdings LLC | 6.379% | 7/15/32 | 26,040 | 25,282 | ||
Celulosa Arauco y Constitucion SA | 3.875% | 11/2/27 | 9,473 | 8,711 | ||
Dow Chemical Co. | 4.800% | 11/30/28 | 7,841 | 7,688 | ||
Dow Chemical Co. | 7.375% | 11/1/29 | 19,484 | 21,628 | ||
Dow Chemical Co. | 2.100% | 11/15/30 | 18,004 | 14,548 | ||
DuPont de Nemours Inc. | 4.725% | 11/15/28 | 44,070 | 43,322 | ||
Eagle Materials Inc. | 2.500% | 7/1/31 | 19,883 | 15,566 | ||
Eastman Chemical Co. | 4.500% | 12/1/28 | 5,041 | 4,823 | ||
3 | Eastman Chemical Co. | 5.750% | 3/8/33 | 1,000 | 993 | |
Ecolab Inc. | 4.800% | 3/24/30 | 20,321 | 20,077 | ||
Ecolab Inc. | 1.300% | 1/30/31 | 12,448 | 9,507 | ||
Ecolab Inc. | 2.125% | 2/1/32 | 23,152 | 18,472 | ||
EIDP Inc. | 2.300% | 7/15/30 | 11,728 | 9,851 | ||
FMC Corp. | 3.450% | 10/1/29 | 3,793 | 3,352 | ||
Freeport-McMoRan Inc. | 4.125% | 3/1/28 | 13,900 | 12,880 | ||
Freeport-McMoRan Inc. | 4.375% | 8/1/28 | 16,365 | 15,235 | ||
Freeport-McMoRan Inc. | 5.250% | 9/1/29 | 16,579 | 16,010 | ||
Freeport-McMoRan Inc. | 4.250% | 3/1/30 | 14,218 | 12,874 | ||
Freeport-McMoRan Inc. | 4.625% | 8/1/30 | 14,627 | 13,605 | ||
Georgia-Pacific LLC | 7.750% | 11/15/29 | 17,197 | 19,408 | ||
2 | Georgia-Pacific LLC | 2.300% | 4/30/30 | 4,092 | 3,418 | |
Georgia-Pacific LLC | 8.875% | 5/15/31 | 2,792 | 3,428 | ||
Huntsman International LLC | 4.500% | 5/1/29 | 21,384 | 19,493 | ||
Huntsman International LLC | 2.950% | 6/15/31 | 7,467 | 5,943 | ||
International Flavors & Fragrances Inc. | 4.450% | 9/26/28 | 2,176 | 2,027 | ||
Linde Inc. | 1.100% | 8/10/30 | 12,760 | 9,868 | ||
LYB International Finance III LLC | 2.250% | 10/1/30 | 13,344 | 10,684 | ||
Martin Marietta Materials Inc. | 3.500% | 12/15/27 | 17,000 | 15,937 | ||
1 | Martin Marietta Materials Inc. | 2.500% | 3/15/30 | 5,725 | 4,740 | |
Martin Marietta Materials Inc. | 2.400% | 7/15/31 | 14,772 | 11,773 | ||
NewMarket Corp. | 2.700% | 3/18/31 | 8,875 | 7,139 | ||
Newmont Corp. | 2.800% | 10/1/29 | 13,485 | 11,475 | ||
Newmont Corp. | 2.250% | 10/1/30 | 30,060 | 24,227 | ||
Newmont Corp. | 2.600% | 7/15/32 | 26,740 | 21,314 | ||
Nucor Corp. | 3.950% | 5/1/28 | 5,810 | 5,494 | ||
Nucor Corp. | 2.700% | 6/1/30 | 15,322 | 13,088 | ||
Nucor Corp. | 3.125% | 4/1/32 | 11,142 | 9,499 | ||
Nutrien Ltd. | 4.200% | 4/1/29 | 19,835 | 18,706 | ||
Nutrien Ltd. | 2.950% | 5/13/30 | 9,170 | 7,820 | ||
Packaging Corp. of America | 3.000% | 12/15/29 | 9,244 | 7,959 | ||
PPG Industries Inc. | 3.750% | 3/15/28 | 19,050 | 17,949 | ||
PPG Industries Inc. | 2.800% | 8/15/29 | 12,192 | 10,498 | ||
PPG Industries Inc. | 2.550% | 6/15/30 | 15,609 | 13,091 | ||
Reliance Steel & Aluminum Co. | 2.150% | 8/15/30 | 12,449 | 10,022 | ||
Rio Tinto Alcan Inc. | 7.250% | 3/15/31 | 13,387 | 15,204 | ||
Rio Tinto Finance USA Ltd. | 7.125% | 7/15/28 | 18,681 | 20,515 | ||
Rohm & Haas Co. | 7.850% | 7/15/29 | 18,999 | 21,073 | ||
RPM International Inc. | 4.550% | 3/1/29 | 16,912 | 15,688 | ||
RPM International Inc. | 2.950% | 1/15/32 | 3,870 | 3,056 | ||
Sherwin-Williams Co. | 2.950% | 8/15/29 | 34,768 | 30,137 | ||
Sherwin-Williams Co. | 2.300% | 5/15/30 | 13,782 | 11,338 | ||
Sherwin-Williams Co. | 2.200% | 3/15/32 | 7,435 | 5,812 | ||
Sonoco Products Co. | 3.125% | 5/1/30 | 18,729 | 16,119 | ||
Sonoco Products Co. | 2.850% | 2/1/32 | 14,877 | 12,199 | ||
Steel Dynamics Inc. | 3.450% | 4/15/30 | 10,052 | 8,925 | ||
Steel Dynamics Inc. | 3.250% | 1/15/31 | 20,553 | 17,792 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Suzano Austria GmbH | 2.500% | 9/15/28 | 9,662 | 8,112 | ||
Suzano Austria GmbH | 6.000% | 1/15/29 | 40,514 | 39,888 | ||
Suzano Austria GmbH | 5.000% | 1/15/30 | 30,518 | 28,084 | ||
Suzano Austria GmbH | 3.750% | 1/15/31 | 24,596 | 20,824 | ||
1 | Suzano Austria GmbH | 3.125% | 1/15/32 | 30,588 | 24,176 | |
Teck Resources Ltd. | 3.900% | 7/15/30 | 14,005 | 12,542 | ||
Vale Overseas Ltd. | 3.750% | 7/8/30 | 37,333 | 32,466 | ||
Vulcan Materials Co. | 3.500% | 6/1/30 | 8,862 | 7,855 | ||
Westlake Corp. | 3.375% | 6/15/30 | 7,457 | 6,460 | ||
WestRock MWV LLC | 8.200% | 1/15/30 | 4,563 | 5,230 | ||
WestRock MWV LLC | 7.950% | 2/15/31 | 5,532 | 6,284 | ||
WRKCo Inc. | 4.000% | 3/15/28 | 12,214 | 11,416 | ||
WRKCo Inc. | 3.900% | 6/1/28 | 23,688 | 22,000 | ||
WRKCo Inc. | 4.900% | 3/15/29 | 38,933 | 37,342 | ||
WRKCo Inc. | 4.200% | 6/1/32 | 175 | 158 | ||
WRKCo Inc. | 3.000% | 6/15/33 | 3,425 | 2,760 | ||
1,240,359 | ||||||
Real Estate (6.5%) | ||||||
Agree LP | 2.000% | 6/15/28 | 5,474 | 4,535 | ||
Agree LP | 2.900% | 10/1/30 | 4,444 | 3,707 | ||
Agree LP | 4.800% | 10/1/32 | 12,484 | 11,676 | ||
Alexandria Real Estate Equities Inc. | 3.950% | 1/15/28 | 1 | 1 | ||
Alexandria Real Estate Equities Inc. | 4.500% | 7/30/29 | 6,801 | 6,477 | ||
Alexandria Real Estate Equities Inc. | 2.750% | 12/15/29 | 18,396 | 15,551 | ||
Alexandria Real Estate Equities Inc. | 4.700% | 7/1/30 | 13,699 | 13,218 | ||
Alexandria Real Estate Equities Inc. | 4.900% | 12/15/30 | 13,269 | 12,852 | ||
Alexandria Real Estate Equities Inc. | 3.375% | 8/15/31 | 4,836 | 4,243 | ||
Alexandria Real Estate Equities Inc. | 2.000% | 5/18/32 | 29,434 | 22,479 | ||
Alexandria Real Estate Equities Inc. | 1.875% | 2/1/33 | 12,470 | 9,245 | ||
American Assets Trust LP | 3.375% | 2/1/31 | 13,896 | 10,986 | ||
American Homes 4 Rent LP | 4.250% | 2/15/28 | 4,435 | 4,142 | ||
American Homes 4 Rent LP | 4.900% | 2/15/29 | 9,542 | 9,071 | ||
American Homes 4 Rent LP | 2.375% | 7/15/31 | 16,949 | 13,331 | ||
American Homes 4 Rent LP | 3.625% | 4/15/32 | 21,378 | 18,074 | ||
American Tower Corp. | 3.950% | 3/15/29 | 22,824 | 20,830 | ||
American Tower Corp. | 3.800% | 8/15/29 | 37,063 | 33,419 | ||
American Tower Corp. | 2.900% | 1/15/30 | 22,055 | 18,658 | ||
American Tower Corp. | 2.100% | 6/15/30 | 15,793 | 12,485 | ||
American Tower Corp. | 1.875% | 10/15/30 | 14,703 | 11,332 | ||
American Tower Corp. | 2.700% | 4/15/31 | 24,224 | 19,634 | ||
American Tower Corp. | 2.300% | 9/15/31 | 7,217 | 5,607 | ||
American Tower Corp. | 4.050% | 3/15/32 | 18,265 | 16,257 | ||
AvalonBay Communities Inc. | 1.900% | 12/1/28 | 17,723 | 14,923 | ||
1 | AvalonBay Communities Inc. | 3.300% | 6/1/29 | 3,413 | 3,054 | |
1 | AvalonBay Communities Inc. | 2.300% | 3/1/30 | 15,688 | 13,137 | |
1 | AvalonBay Communities Inc. | 2.450% | 1/15/31 | 9,160 | 7,613 | |
AvalonBay Communities Inc. | 2.050% | 1/15/32 | 6,109 | 4,838 | ||
AvalonBay Communities Inc. | 5.000% | 2/15/33 | 7,540 | 7,508 | ||
Boston Properties LP | 4.500% | 12/1/28 | 12,798 | 11,889 | ||
Boston Properties LP | 3.400% | 6/21/29 | 19,812 | 17,025 | ||
Boston Properties LP | 2.900% | 3/15/30 | 17,652 | 14,512 | ||
Boston Properties LP | 3.250% | 1/30/31 | 46,940 | 39,161 | ||
Boston Properties LP | 2.550% | 4/1/32 | 25,340 | 19,309 | ||
Brandywine Operating Partnership LP | 4.550% | 10/1/29 | 13,493 | 11,132 | ||
Brixmor Operating Partnership LP | 2.250% | 4/1/28 | 5,630 | 4,738 | ||
Brixmor Operating Partnership LP | 4.125% | 5/15/29 | 18,162 | 16,363 | ||
Brixmor Operating Partnership LP | 4.050% | 7/1/30 | 9,612 | 8,508 | ||
Brixmor Operating Partnership LP | 2.500% | 8/16/31 | 14,710 | 11,411 | ||
Broadstone Net Lease LLC | 2.600% | 9/15/31 | 10,025 | 7,229 | ||
Camden Property Trust | 4.100% | 10/15/28 | 11,143 | 10,581 | ||
Camden Property Trust | 3.150% | 7/1/29 | 15,958 | 14,169 | ||
Camden Property Trust | 2.800% | 5/15/30 | 19,243 | 16,521 | ||
CBRE Services Inc. | 2.500% | 4/1/31 | 12,950 | 10,525 | ||
Corporate Office Properties LP | 2.000% | 1/15/29 | 18,413 | 14,167 | ||
Corporate Office Properties LP | 2.750% | 4/15/31 | 18,302 | 13,805 | ||
Crown Castle Inc. | 3.650% | 9/1/27 | 9,292 | 8,640 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Crown Castle Inc. | 3.800% | 2/15/28 | 25,897 | 24,082 | ||
Crown Castle Inc. | 4.300% | 2/15/29 | 15,372 | 14,450 | ||
Crown Castle Inc. | 3.100% | 11/15/29 | 5,058 | 4,387 | ||
Crown Castle Inc. | 3.300% | 7/1/30 | 22,964 | 20,017 | ||
Crown Castle Inc. | 2.250% | 1/15/31 | 18,122 | 14,500 | ||
Crown Castle Inc. | 2.100% | 4/1/31 | 25,009 | 19,592 | ||
Crown Castle Inc. | 2.500% | 7/15/31 | 18,344 | 14,794 | ||
CubeSmart LP | 2.250% | 12/15/28 | 22,384 | 18,740 | ||
CubeSmart LP | 4.375% | 2/15/29 | 9,660 | 8,970 | ||
CubeSmart LP | 3.000% | 2/15/30 | 2,791 | 2,358 | ||
CubeSmart LP | 2.000% | 2/15/31 | 16,480 | 12,638 | ||
CubeSmart LP | 2.500% | 2/15/32 | 3,339 | 2,607 | ||
Digital Realty Trust LP | 4.450% | 7/15/28 | 10,262 | 9,680 | ||
Digital Realty Trust LP | 3.600% | 7/1/29 | 39,715 | 35,108 | ||
EPR Properties | 4.950% | 4/15/28 | 200 | 178 | ||
EPR Properties | 3.750% | 8/15/29 | 20,160 | 16,375 | ||
EPR Properties | 3.600% | 11/15/31 | 9,217 | 6,966 | ||
Equinix Inc. | 1.550% | 3/15/28 | 7,239 | 6,024 | ||
Equinix Inc. | 2.000% | 5/15/28 | 10,356 | 8,751 | ||
Equinix Inc. | 3.200% | 11/18/29 | 27,559 | 24,029 | ||
Equinix Inc. | 2.150% | 7/15/30 | 27,445 | 21,932 | ||
Equinix Inc. | 2.500% | 5/15/31 | 27,062 | 21,651 | ||
Equinix Inc. | 3.900% | 4/15/32 | 40,165 | 35,510 | ||
ERP Operating LP | 3.500% | 3/1/28 | 3,946 | 3,642 | ||
ERP Operating LP | 4.150% | 12/1/28 | 8,982 | 8,465 | ||
ERP Operating LP | 3.000% | 7/1/29 | 13,366 | 11,684 | ||
ERP Operating LP | 2.500% | 2/15/30 | 21,063 | 17,783 | ||
ERP Operating LP | 1.850% | 8/1/31 | 16,356 | 12,892 | ||
Essential Properties LP | 2.950% | 7/15/31 | 10,324 | 7,697 | ||
Essex Portfolio LP | 1.700% | 3/1/28 | 6,773 | 5,660 | ||
Essex Portfolio LP | 4.000% | 3/1/29 | 12,095 | 11,115 | ||
Essex Portfolio LP | 3.000% | 1/15/30 | 21,496 | 18,279 | ||
Essex Portfolio LP | 1.650% | 1/15/31 | 9,744 | 7,325 | ||
Essex Portfolio LP | 2.550% | 6/15/31 | 3,305 | 2,642 | ||
Essex Portfolio LP | 2.650% | 3/15/32 | 16,870 | 13,380 | ||
Extra Space Storage LP | 3.900% | 4/1/29 | 6,727 | 6,116 | ||
Extra Space Storage LP | 2.550% | 6/1/31 | 16,375 | 13,041 | ||
Extra Space Storage LP | 2.350% | 3/15/32 | 14,124 | 10,810 | ||
Federal Realty Investment Trust | 3.200% | 6/15/29 | 8,382 | 7,241 | ||
Federal Realty Investment Trust | 3.500% | 6/1/30 | 10,244 | 8,913 | ||
GLP Capital LP | 5.750% | 6/1/28 | 18,903 | 18,509 | ||
GLP Capital LP | 5.300% | 1/15/29 | 16,113 | 15,250 | ||
GLP Capital LP | 4.000% | 1/15/30 | 22,798 | 19,997 | ||
GLP Capital LP | 4.000% | 1/15/31 | 13,983 | 11,996 | ||
GLP Capital LP | 3.250% | 1/15/32 | 15,699 | 12,460 | ||
Healthcare Realty Holdings LP | 3.100% | 2/15/30 | 13,548 | 11,532 | ||
Healthcare Realty Holdings LP | 2.000% | 3/15/31 | 19,718 | 15,058 | ||
Healthpeak Properties Interim Inc. | 2.125% | 12/1/28 | 5,352 | 4,530 | ||
Healthpeak Properties Interim Inc. | 3.500% | 7/15/29 | 14,725 | 13,151 | ||
Healthpeak Properties Interim Inc. | 3.000% | 1/15/30 | 27,854 | 23,996 | ||
Healthpeak Properties Interim Inc. | 2.875% | 1/15/31 | 15,729 | 13,254 | ||
Healthpeak Properties Interim Inc. | 5.250% | 12/15/32 | 9,959 | 9,771 | ||
Highwoods Realty LP | 4.125% | 3/15/28 | 12,443 | 11,054 | ||
Highwoods Realty LP | 4.200% | 4/15/29 | 6,630 | 5,760 | ||
Highwoods Realty LP | 3.050% | 2/15/30 | 16,735 | 13,255 | ||
Highwoods Realty LP | 2.600% | 2/1/31 | 6,188 | 4,601 | ||
1 | Host Hotels & Resorts LP | 3.375% | 12/15/29 | 8,421 | 7,164 | |
1 | Host Hotels & Resorts LP | 3.500% | 9/15/30 | 18,032 | 15,016 | |
1 | Host Hotels & Resorts LP | 2.900% | 12/15/31 | 15,913 | 12,270 | |
Hudson Pacific Properties LP | 4.650% | 4/1/29 | 18,795 | 15,927 | ||
Hudson Pacific Properties LP | 3.250% | 1/15/30 | 5,847 | 4,406 | ||
Invitation Homes Operating Partnership LP | 2.300% | 11/15/28 | 20,747 | 17,156 | ||
Invitation Homes Operating Partnership LP | 2.000% | 8/15/31 | 5,048 | 3,785 | ||
Invitation Homes Operating Partnership LP | 4.150% | 4/15/32 | 18,776 | 16,532 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Kilroy Realty LP | 4.750% | 12/15/28 | 11,120 | 10,210 | ||
Kilroy Realty LP | 3.050% | 2/15/30 | 15,259 | 12,144 | ||
Kimco Realty OP LLC | 1.900% | 3/1/28 | 12,864 | 10,862 | ||
Kimco Realty OP LLC | 2.700% | 10/1/30 | 2,772 | 2,290 | ||
Kimco Realty OP LLC | 2.250% | 12/1/31 | 4,119 | 3,197 | ||
Kimco Realty OP LLC | 3.200% | 4/1/32 | 24,347 | 20,336 | ||
Kimco Realty OP LLC | 4.600% | 2/1/33 | 6,517 | 5,984 | ||
Kite Realty Group Trust | 4.750% | 9/15/30 | 10,013 | 8,983 | ||
Life Storage LP | 4.000% | 6/15/29 | 12,680 | 11,561 | ||
Life Storage LP | 2.200% | 10/15/30 | 9,365 | 7,472 | ||
Life Storage LP | 2.400% | 10/15/31 | 15,016 | 11,905 | ||
LXP Industrial Trust | 2.700% | 9/15/30 | 11,756 | 9,408 | ||
LXP Industrial Trust | 2.375% | 10/1/31 | 9,519 | 7,240 | ||
Mid-America Apartments LP | 4.200% | 6/15/28 | 8,179 | 7,798 | ||
Mid-America Apartments LP | 3.950% | 3/15/29 | ��26,665 | 25,066 | ||
Mid-America Apartments LP | 2.750% | 3/15/30 | 5,583 | 4,824 | ||
Mid-America Apartments LP | 1.700% | 2/15/31 | 7,504 | 5,858 | ||
National Health Investors Inc. | 3.000% | 2/1/31 | 13,338 | 10,023 | ||
National Retail Properties Inc. | 4.300% | 10/15/28 | 19,400 | 18,122 | ||
National Retail Properties Inc. | 2.500% | 4/15/30 | 5,183 | 4,294 | ||
Omega Healthcare Investors Inc. | 3.625% | 10/1/29 | 19,857 | 16,488 | ||
Omega Healthcare Investors Inc. | 3.375% | 2/1/31 | 6,557 | 5,181 | ||
Phillips Edison Grocery Center Operating Partnership I LP | 2.625% | 11/15/31 | 4,538 | 3,409 | ||
Physicians Realty LP | 2.625% | 11/1/31 | 15,968 | 12,768 | ||
Piedmont Operating Partnership LP | 3.150% | 8/15/30 | 7,864 | 6,010 | ||
Piedmont Operating Partnership LP | 2.750% | 4/1/32 | 7,931 | 5,602 | ||
Prologis LP | 3.875% | 9/15/28 | 8,386 | 7,944 | ||
Prologis LP | 4.000% | 9/15/28 | 14,929 | 14,279 | ||
Prologis LP | 2.875% | 11/15/29 | 12,849 | 11,156 | ||
Prologis LP | 2.250% | 4/15/30 | 25,239 | 21,086 | ||
Prologis LP | 1.750% | 7/1/30 | 13,373 | 10,643 | ||
Prologis LP | 1.250% | 10/15/30 | 10,540 | 8,078 | ||
Prologis LP | 1.750% | 2/1/31 | 7,634 | 6,025 | ||
Prologis LP | 1.625% | 3/15/31 | 9,636 | 7,530 | ||
Prologis LP | 2.250% | 1/15/32 | 12,560 | 10,070 | ||
Prologis LP | 4.625% | 1/15/33 | 14,960 | 14,458 | ||
Public Storage | 1.850% | 5/1/28 | 13,803 | 11,853 | ||
Public Storage | 1.950% | 11/9/28 | 8,163 | 6,930 | ||
Public Storage | 3.385% | 5/1/29 | 18,720 | 17,011 | ||
Public Storage | 2.300% | 5/1/31 | 7,716 | 6,308 | ||
Public Storage | 2.250% | 11/9/31 | 35,855 | 28,889 | ||
Rayonier LP | 2.750% | 5/17/31 | 5,690 | 4,568 | ||
Realty Income Corp. | 3.400% | 1/15/28 | 15,313 | 14,192 | ||
Realty Income Corp. | 3.650% | 1/15/28 | 6,395 | 5,990 | ||
Realty Income Corp. | 2.200% | 6/15/28 | 14,669 | 12,671 | ||
Realty Income Corp. | 3.250% | 6/15/29 | 4,299 | 3,844 | ||
Realty Income Corp. | 3.100% | 12/15/29 | 13,484 | 11,853 | ||
Realty Income Corp. | 4.850% | 3/15/30 | 9,110 | 8,832 | ||
Realty Income Corp. | 3.250% | 1/15/31 | 15,563 | 13,565 | ||
Realty Income Corp. | 5.625% | 10/13/32 | 35,145 | 35,832 | ||
Realty Income Corp. | 2.850% | 12/15/32 | 11,283 | 9,214 | ||
Regency Centers LP | 4.125% | 3/15/28 | 10,491 | 9,729 | ||
Regency Centers LP | 2.950% | 9/15/29 | 9,979 | 8,402 | ||
Regency Centers LP | 3.700% | 6/15/30 | 10,830 | 9,564 | ||
Rexford Industrial Realty LP | 2.125% | 12/1/30 | 7,016 | 5,547 | ||
Rexford Industrial Realty LP | 2.150% | 9/1/31 | 13,410 | 10,355 | ||
Sabra Health Care LP | 3.900% | 10/15/29 | 15,598 | 12,972 | ||
Sabra Health Care LP | 3.200% | 12/1/31 | 15,110 | 11,207 | ||
Safehold Operating Partnership LP | 2.800% | 6/15/31 | 11,320 | 8,759 | ||
Safehold Operating Partnership LP | 2.850% | 1/15/32 | 3,464 | 2,663 | ||
Simon Property Group LP | 3.375% | 6/15/27 | 5,672 | 5,283 | ||
Simon Property Group LP | 3.375% | 12/1/27 | 16,682 | 15,424 | ||
Simon Property Group LP | 2.450% | 9/13/29 | 11,781 | 9,881 | ||
Simon Property Group LP | 2.650% | 7/15/30 | 24,550 | 20,629 | ||
Simon Property Group LP | 2.200% | 2/1/31 | 19,242 | 15,371 | ||
Simon Property Group LP | 2.250% | 1/15/32 | 31,190 | 24,354 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Simon Property Group LP | 2.650% | 2/1/32 | 4,239 | 3,429 | ||
Spirit Realty LP | 3.200% | 1/15/27 | 9 | 8 | ||
Spirit Realty LP | 2.100% | 3/15/28 | 14,449 | 11,972 | ||
Spirit Realty LP | 4.000% | 7/15/29 | 18,337 | 16,169 | ||
Spirit Realty LP | 3.400% | 1/15/30 | 11,798 | 9,981 | ||
Spirit Realty LP | 3.200% | 2/15/31 | 5,010 | 4,088 | ||
Spirit Realty LP | 2.700% | 2/15/32 | 6,669 | 5,089 | ||
STORE Capital Corp. | 4.500% | 3/15/28 | 3,626 | 3,223 | ||
STORE Capital Corp. | 4.625% | 3/15/29 | 8,730 | 7,679 | ||
STORE Capital Corp. | 2.750% | 11/18/30 | 8,723 | 6,588 | ||
STORE Capital Corp. | 2.700% | 12/1/31 | 10,155 | 7,376 | ||
Sun Communities Operating LP | 2.300% | 11/1/28 | 11,552 | 9,769 | ||
Sun Communities Operating LP | 2.700% | 7/15/31 | 34,912 | 27,853 | ||
Sun Communities Operating LP | 4.200% | 4/15/32 | 8,217 | 7,289 | ||
Sun Communities Operating LP | 5.700% | 1/15/33 | 8,340 | 8,213 | ||
Tanger Properties LP | 2.750% | 9/1/31 | 9,621 | 7,115 | ||
1 | UDR Inc. | 4.400% | 1/26/29 | 13,825 | 12,965 | |
1 | UDR Inc. | 3.200% | 1/15/30 | 13,663 | 11,983 | |
UDR Inc. | 3.000% | 8/15/31 | 9,376 | 7,894 | ||
1 | UDR Inc. | 2.100% | 8/1/32 | 7,892 | 5,959 | |
Ventas Realty LP | 4.000% | 3/1/28 | 13,608 | 12,611 | ||
Ventas Realty LP | 4.400% | 1/15/29 | 32,813 | 30,538 | ||
Ventas Realty LP | 3.000% | 1/15/30 | 18,820 | 16,015 | ||
Ventas Realty LP | 4.750% | 11/15/30 | 6,195 | 5,846 | ||
Ventas Realty LP | 2.500% | 9/1/31 | 7,650 | 6,040 | ||
VICI Properties LP | 4.750% | 2/15/28 | 33,180 | 31,302 | ||
VICI Properties LP | 4.950% | 2/15/30 | 23,253 | 21,780 | ||
VICI Properties LP | 5.125% | 5/15/32 | 37,362 | 34,643 | ||
Vornado Realty LP | 3.400% | 6/1/31 | 10,536 | 7,994 | ||
Welltower OP LLC | 4.250% | 4/15/28 | 16,239 | 15,331 | ||
Welltower OP LLC | 4.125% | 3/15/29 | 20,030 | 18,489 | ||
Welltower OP LLC | 3.100% | 1/15/30 | 18,153 | 15,510 | ||
Welltower OP LLC | 2.750% | 1/15/31 | 30,329 | 24,720 | ||
Welltower OP LLC | 2.800% | 6/1/31 | 18,892 | 15,318 | ||
Welltower OP LLC | 2.750% | 1/15/32 | 14,155 | 11,300 | ||
Welltower OP LLC | 3.850% | 6/15/32 | 9,931 | 8,644 | ||
Weyerhaeuser Co. | 4.000% | 11/15/29 | 21,850 | 19,897 | ||
Weyerhaeuser Co. | 4.000% | 4/15/30 | 24,405 | 22,157 | ||
Weyerhaeuser Co. | 7.375% | 3/15/32 | 8,765 | 9,744 | ||
Weyerhaeuser Co. | 3.375% | 3/9/33 | 7,200 | 6,057 | ||
WP Carey Inc. | 3.850% | 7/15/29 | 8,577 | 7,788 | ||
WP Carey Inc. | 2.400% | 2/1/31 | 13,141 | 10,588 | ||
WP Carey Inc. | 2.450% | 2/1/32 | 7,815 | 6,174 | ||
2,658,146 | ||||||
Technology (8.7%) | ||||||
Adobe Inc. | 2.300% | 2/1/30 | 31,365 | 26,805 | ||
Advanced Micro Devices Inc. | 3.924% | 6/1/32 | 26,458 | 24,509 | ||
Amdocs Ltd. | 2.538% | 6/15/30 | 13,818 | 11,387 | ||
Analog Devices Inc. | 1.700% | 10/1/28 | 27,785 | 23,421 | ||
Analog Devices Inc. | 2.100% | 10/1/31 | 14,098 | 11,388 | ||
Apple Inc. | 2.900% | 9/12/27 | 2,741 | 2,548 | ||
Apple Inc. | 3.000% | 11/13/27 | 27,299 | 25,424 | ||
Apple Inc. | 1.400% | 8/5/28 | 57,442 | 48,545 | ||
Apple Inc. | 2.200% | 9/11/29 | 32,193 | 27,671 | ||
Apple Inc. | 1.650% | 5/11/30 | 41,889 | 34,215 | ||
Apple Inc. | 1.250% | 8/20/30 | 27,919 | 21,974 | ||
Apple Inc. | 1.650% | 2/8/31 | 76,246 | 61,105 | ||
Apple Inc. | 1.700% | 8/5/31 | 27,723 | 22,036 | ||
Apple Inc. | 3.350% | 8/8/32 | 35,439 | 31,954 | ||
Applied Materials Inc. | 1.750% | 6/1/30 | 7,554 | 6,150 | ||
Arrow Electronics Inc. | 3.875% | 1/12/28 | 10,659 | 9,770 | ||
Autodesk Inc. | 2.850% | 1/15/30 | 4,798 | 4,113 | ||
Autodesk Inc. | 2.400% | 12/15/31 | 24,986 | 19,988 | ||
Automatic Data Processing Inc. | 1.700% | 5/15/28 | 32,366 | 27,926 | ||
Automatic Data Processing Inc. | 1.250% | 9/1/30 | 25,060 | 19,698 | ||
Avnet Inc. | 3.000% | 5/15/31 | 9,571 | 7,562 | ||
Avnet Inc. | 5.500% | 6/1/32 | 6,274 | 5,966 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Broadcom Corp. | 3.500% | 1/15/28 | 13,015 | 11,887 | ||
Broadcom Inc. | 4.110% | 9/15/28 | 39,153 | 36,628 | ||
2 | Broadcom Inc. | 4.000% | 4/15/29 | 10,661 | 9,653 | |
Broadcom Inc. | 4.750% | 4/15/29 | 57,428 | 54,946 | ||
Broadcom Inc. | 5.000% | 4/15/30 | 27,075 | 26,009 | ||
Broadcom Inc. | 4.150% | 11/15/30 | 60,425 | 54,411 | ||
2 | Broadcom Inc. | 2.450% | 2/15/31 | 65,602 | 51,964 | |
2 | Broadcom Inc. | 4.150% | 4/15/32 | 12,860 | 11,343 | |
Broadcom Inc. | 4.300% | 11/15/32 | 21,270 | 18,859 | ||
2 | Broadcom Inc. | 2.600% | 2/15/33 | 30,623 | 23,131 | |
2 | Broadcom Inc. | 3.419% | 4/15/33 | 20,235 | 16,296 | |
Broadridge Financial Solutions Inc. | 2.900% | 12/1/29 | 10,708 | 9,037 | ||
Broadridge Financial Solutions Inc. | 2.600% | 5/1/31 | 33,062 | 26,747 | ||
CDW LLC | 4.250% | 4/1/28 | 9,209 | 8,394 | ||
CDW LLC | 3.250% | 2/15/29 | 17,778 | 15,063 | ||
CDW LLC | 3.569% | 12/1/31 | 31,636 | 26,189 | ||
2 | CGI Inc. | 2.300% | 9/14/31 | 1 | — | |
CGI Inc. | 2.300% | 9/14/31 | 2,073 | 1,590 | ||
Cintas Corp. No. 2 | 4.000% | 5/1/32 | 13,310 | 12,342 | ||
Dell Inc. | 7.100% | 4/15/28 | 1,930 | 2,056 | ||
Dell International LLC | 5.300% | 10/1/29 | 43,958 | 42,469 | ||
Dell International LLC | 6.200% | 7/15/30 | 19,232 | 19,514 | ||
Dell International LLC | 5.750% | 2/1/33 | 31,600 | 30,752 | ||
DXC Technology Co. | 2.375% | 9/15/28 | 26,547 | 22,220 | ||
Equifax Inc. | 3.100% | 5/15/30 | 18,775 | 15,987 | ||
Equifax Inc. | 2.350% | 9/15/31 | 42,007 | 33,059 | ||
Fidelity National Information Services Inc. | 1.650% | 3/1/28 | 17,168 | 14,374 | ||
Fidelity National Information Services Inc. | 3.750% | 5/21/29 | 13,627 | 12,408 | ||
Fidelity National Information Services Inc. | 2.250% | 3/1/31 | 42,100 | 33,100 | ||
Fidelity National Information Services Inc. | 5.100% | 7/15/32 | 11,100 | 10,616 | ||
3 | Fiserv Inc. | 5.450% | 3/2/28 | 15,000 | 14,988 | |
Fiserv Inc. | 4.200% | 10/1/28 | 30,690 | 28,832 | ||
Fiserv Inc. | 3.500% | 7/1/29 | 80,652 | 72,023 | ||
Fiserv Inc. | 2.650% | 6/1/30 | 22,229 | 18,613 | ||
Flex Ltd. | 4.875% | 6/15/29 | 16,675 | 15,714 | ||
Flex Ltd. | 4.875% | 5/12/30 | 16,475 | 15,601 | ||
Fortinet Inc. | 2.200% | 3/15/31 | 10,948 | 8,729 | ||
GXO Logistics Inc. | 2.650% | 7/15/31 | 10,403 | 7,895 | ||
HP Inc. | 4.000% | 4/15/29 | 27,036 | 24,585 | ||
HP Inc. | 3.400% | 6/17/30 | 21,486 | 18,335 | ||
HP Inc. | 2.650% | 6/17/31 | 30,901 | 24,251 | ||
HP Inc. | 4.200% | 4/15/32 | 35,795 | 30,785 | ||
HP Inc. | 5.500% | 1/15/33 | 11,755 | 11,097 | ||
Hubbell Inc. | 3.500% | 2/15/28 | 8,449 | 7,824 | ||
Hubbell Inc. | 2.300% | 3/15/31 | 7,764 | 6,283 | ||
Intel Corp. | 1.600% | 8/12/28 | 23,798 | 19,984 | ||
Intel Corp. | 4.000% | 8/5/29 | 25,241 | 23,585 | ||
Intel Corp. | 2.450% | 11/15/29 | 42,304 | 35,591 | ||
Intel Corp. | 5.125% | 2/10/30 | 30,000 | 29,632 | ||
Intel Corp. | 3.900% | 3/25/30 | 28,680 | 26,461 | ||
Intel Corp. | 2.000% | 8/12/31 | 45,565 | 35,757 | ||
Intel Corp. | 4.150% | 8/5/32 | 50,151 | 46,126 | ||
Intel Corp. | 5.200% | 2/10/33 | 55,300 | 54,258 | ||
International Business Machines Corp. | 6.500% | 1/15/28 | 4,040 | 4,291 | ||
International Business Machines Corp. | 3.500% | 5/15/29 | 88,538 | 80,760 | ||
International Business Machines Corp. | 1.950% | 5/15/30 | 36,240 | 29,192 | ||
International Business Machines Corp. | 2.720% | 2/9/32 | 3,042 | 2,524 | ||
International Business Machines Corp. | 4.400% | 7/27/32 | 30,805 | 28,825 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
International Business Machines Corp. | 4.750% | 2/6/33 | 25,200 | 24,110 | ||
Intuit Inc. | 1.650% | 7/15/30 | 10,355 | 8,325 | ||
Jabil Inc. | 3.600% | 1/15/30 | 13,850 | 12,174 | ||
Jabil Inc. | 3.000% | 1/15/31 | 16,947 | 13,920 | ||
Juniper Networks Inc. | 3.750% | 8/15/29 | 3,433 | 3,080 | ||
Juniper Networks Inc. | 2.000% | 12/10/30 | 17,457 | 13,457 | ||
KLA Corp. | 4.100% | 3/15/29 | 24,070 | 22,947 | ||
KLA Corp. | 4.650% | 7/15/32 | 24,424 | 23,844 | ||
Kyndryl Holdings Inc. | 2.700% | 10/15/28 | 12,905 | 10,557 | ||
Kyndryl Holdings Inc. | 3.150% | 10/15/31 | 17,809 | 13,287 | ||
Lam Research Corp. | 4.000% | 3/15/29 | 18,966 | 18,001 | ||
Lam Research Corp. | 1.900% | 6/15/30 | 25,553 | 20,799 | ||
Leidos Inc. | 4.375% | 5/15/30 | 12,359 | 11,325 | ||
Leidos Inc. | 2.300% | 2/15/31 | 16,387 | 12,801 | ||
Marvell Technology Inc. | 2.450% | 4/15/28 | 14,835 | 12,650 | ||
1 | Marvell Technology Inc. | 4.875% | 6/22/28 | 7,529 | 7,278 | |
Marvell Technology Inc. | 2.950% | 4/15/31 | 23,182 | 18,633 | ||
Micron Technology Inc. | 5.327% | 2/6/29 | 17,228 | 16,824 | ||
Micron Technology Inc. | 6.750% | 11/1/29 | 28,736 | 29,638 | ||
Micron Technology Inc. | 4.663% | 2/15/30 | 20,598 | 18,921 | ||
Micron Technology Inc. | 2.703% | 4/15/32 | 10,175 | 7,715 | ||
Micron Technology Inc. | 5.875% | 2/9/33 | 6,628 | 6,420 | ||
Moody's Corp. | 3.250% | 1/15/28 | 7,191 | 6,617 | ||
Moody's Corp. | 4.250% | 2/1/29 | 12,008 | 11,420 | ||
Moody's Corp. | 2.000% | 8/19/31 | 10,019 | 7,904 | ||
Motorola Solutions Inc. | 4.600% | 5/23/29 | 20,024 | 18,844 | ||
Motorola Solutions Inc. | 2.300% | 11/15/30 | 21,874 | 17,109 | ||
Motorola Solutions Inc. | 2.750% | 5/24/31 | 17,935 | 14,258 | ||
Motorola Solutions Inc. | 5.600% | 6/1/32 | 19,331 | 18,909 | ||
NetApp Inc. | 2.700% | 6/22/30 | 17,826 | 14,871 | ||
NVIDIA Corp. | 1.550% | 6/15/28 | 29,919 | 25,425 | ||
NVIDIA Corp. | 2.850% | 4/1/30 | 20,207 | 17,807 | ||
NVIDIA Corp. | 2.000% | 6/15/31 | 31,635 | 25,558 | ||
NXP BV | 5.550% | 12/1/28 | 13,301 | 13,278 | ||
NXP BV | 4.300% | 6/18/29 | 33,400 | 30,838 | ||
NXP BV | 3.400% | 5/1/30 | 14,757 | 12,785 | ||
NXP BV | 2.500% | 5/11/31 | 38,300 | 30,238 | ||
NXP BV | 2.650% | 2/15/32 | 13,631 | 10,705 | ||
Oracle Corp. | 2.300% | 3/25/28 | 54,206 | 47,030 | ||
Oracle Corp. | 4.500% | 5/6/28 | 6,628 | 6,375 | ||
Oracle Corp. | 6.150% | 11/9/29 | 20,924 | 21,656 | ||
Oracle Corp. | 2.950% | 4/1/30 | 84,791 | 72,380 | ||
Oracle Corp. | 4.650% | 5/6/30 | 19,000 | 18,031 | ||
Oracle Corp. | 3.250% | 5/15/30 | 11,843 | 10,322 | ||
Oracle Corp. | 2.875% | 3/25/31 | 85,257 | 70,630 | ||
Oracle Corp. | 6.250% | 11/9/32 | 60,436 | 62,914 | ||
Oracle Corp. | 4.900% | 2/6/33 | 38,000 | 35,878 | ||
Qorvo Inc. | 4.375% | 10/15/29 | 21,585 | 19,238 | ||
QUALCOMM Inc. | 1.300% | 5/20/28 | 24,553 | 20,666 | ||
QUALCOMM Inc. | 2.150% | 5/20/30 | 24,975 | 20,900 | ||
QUALCOMM Inc. | 1.650% | 5/20/32 | 14,360 | 10,975 | ||
QUALCOMM Inc. | 4.250% | 5/20/32 | 13,373 | 12,804 | ||
QUALCOMM Inc. | 5.400% | 5/20/33 | 9,875 | 10,178 | ||
Quanta Services Inc. | 2.900% | 10/1/30 | 27,538 | 22,802 | ||
Quanta Services Inc. | 2.350% | 1/15/32 | 3,639 | 2,779 | ||
RELX Capital Inc. | 4.000% | 3/18/29 | 24,398 | 22,584 | ||
RELX Capital Inc. | 3.000% | 5/22/30 | 18,340 | 15,795 | ||
RELX Capital Inc. | 4.750% | 5/20/32 | 16,325 | 15,601 | ||
Roper Technologies Inc. | 4.200% | 9/15/28 | 4,352 | 4,154 | ||
Roper Technologies Inc. | 2.950% | 9/15/29 | 6,967 | 6,053 | ||
Roper Technologies Inc. | 2.000% | 6/30/30 | 12,503 | 10,061 | ||
Roper Technologies Inc. | 1.750% | 2/15/31 | 41,765 | 32,184 | ||
2 | S&P Global Inc. | 4.750% | 8/1/28 | 26,264 | 26,048 | |
2 | S&P Global Inc. | 2.700% | 3/1/29 | 32,754 | 28,758 | |
2 | S&P Global Inc. | 4.250% | 5/1/29 | 33,186 | 31,554 | |
S&P Global Inc. | 2.500% | 12/1/29 | 4,928 | 4,235 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
S&P Global Inc. | 1.250% | 8/15/30 | 12,690 | 9,812 | ||
2 | S&P Global Inc. | 2.900% | 3/1/32 | 32,367 | 27,658 | |
Salesforce Inc. | 1.500% | 7/15/28 | 36,612 | 31,031 | ||
Salesforce Inc. | 1.950% | 7/15/31 | 34,296 | 27,483 | ||
ServiceNow Inc. | 1.400% | 9/1/30 | 32,079 | 24,458 | ||
Skyworks Solutions Inc. | 3.000% | 6/1/31 | 20,397 | 16,514 | ||
TD SYNNEX Corp. | 2.375% | 8/9/28 | 16,449 | 13,574 | ||
TD SYNNEX Corp. | 2.650% | 8/9/31 | 14,282 | 11,082 | ||
Teledyne FLIR LLC | 2.500% | 8/1/30 | 17,268 | 14,052 | ||
Texas Instruments Inc. | 2.900% | 11/3/27 | 8,484 | 7,852 | ||
Texas Instruments Inc. | 2.250% | 9/4/29 | 13,545 | 11,612 | ||
Texas Instruments Inc. | 1.750% | 5/4/30 | 27,270 | 22,302 | ||
Texas Instruments Inc. | 1.900% | 9/15/31 | 13,776 | 11,144 | ||
Texas Instruments Inc. | 3.650% | 8/16/32 | 5,400 | 4,965 | ||
TSMC Arizona Corp. | 4.125% | 4/22/29 | 11,751 | 11,181 | ||
TSMC Arizona Corp. | 2.500% | 10/25/31 | 30,293 | 25,043 | ||
TSMC Arizona Corp. | 4.250% | 4/22/32 | 28,439 | 27,209 | ||
Verisk Analytics Inc. | 4.125% | 3/15/29 | 16,271 | 14,986 | ||
VMware Inc. | 1.800% | 8/15/28 | 19,575 | 16,000 | ||
VMware Inc. | 4.700% | 5/15/30 | 29,214 | 27,402 | ||
VMware Inc. | 2.200% | 8/15/31 | 25,163 | 19,084 | ||
Western Digital Corp. | 2.850% | 2/1/29 | 19,303 | 15,177 | ||
Western Digital Corp. | 3.100% | 2/1/32 | 8,147 | 5,867 | ||
Workday Inc. | 3.700% | 4/1/29 | 17,217 | 15,726 | ||
Workday Inc. | 3.800% | 4/1/32 | 50,924 | 44,783 | ||
Xilinx Inc. | 2.375% | 6/1/30 | 3,678 | 3,098 | ||
3,572,692 | ||||||
Utilities (7.7%) | ||||||
AEP Texas Inc. | 3.950% | 6/1/28 | 12,434 | 11,716 | ||
1 | AEP Texas Inc. | 2.100% | 7/1/30 | 16,177 | 13,006 | |
AEP Texas Inc. | 4.700% | 5/15/32 | 3,060 | 2,905 | ||
AES Corp. | 2.450% | 1/15/31 | 24,550 | 19,506 | ||
1 | Alabama Power Co. | 1.450% | 9/15/30 | 16,974 | 13,227 | |
Alabama Power Co. | 3.050% | 3/15/32 | 10,264 | 8,741 | ||
Alabama Power Co. | 3.940% | 9/1/32 | 20,382 | 18,540 | ||
Ameren Corp. | 1.750% | 3/15/28 | 14,484 | 12,336 | ||
Ameren Corp. | 3.500% | 1/15/31 | 21,366 | 18,771 | ||
Ameren Illinois Co. | 3.800% | 5/15/28 | 5,318 | 5,046 | ||
Ameren Illinois Co. | 1.550% | 11/15/30 | 11,199 | 8,747 | ||
Ameren Illinois Co. | 3.850% | 9/1/32 | 13,293 | 12,163 | ||
1 | American Electric Power Co. Inc. | 4.300% | 12/1/28 | 10,632 | 10,111 | |
American Electric Power Co. Inc. | 2.300% | 3/1/30 | 9,431 | 7,692 | ||
American Electric Power Co. Inc. | 5.950% | 11/1/32 | 14,795 | 15,209 | ||
3 | American Electric Power Co. Inc. | 5.625% | 3/1/33 | 4,000 | 3,995 | |
American Water Capital Corp. | 3.750% | 9/1/28 | 11,259 | 10,515 | ||
American Water Capital Corp. | 3.450% | 6/1/29 | 3,086 | 2,803 | ||
American Water Capital Corp. | 2.800% | 5/1/30 | 18,032 | 15,592 | ||
American Water Capital Corp. | 2.300% | 6/1/31 | 15,345 | 12,511 | ||
American Water Capital Corp. | 4.450% | 6/1/32 | 24,888 | 23,682 | ||
1 | Appalachian Power Co. | 2.700% | 4/1/31 | 12,166 | 10,070 | |
1 | Appalachian Power Co. | 4.500% | 8/1/32 | 14,778 | 13,789 | |
Arizona Public Service Co. | 2.600% | 8/15/29 | 7,023 | 5,949 | ||
Arizona Public Service Co. | 6.350% | 12/15/32 | 12,350 | 13,124 | ||
Atlantic City Electric Co. | 4.000% | 10/15/28 | 2,259 | 2,128 | ||
Atlantic City Electric Co. | 2.300% | 3/15/31 | 14,085 | 11,461 | ||
Atmos Energy Corp. | 2.625% | 9/15/29 | 13,612 | 11,757 | ||
Atmos Energy Corp. | 1.500% | 1/15/31 | 14,621 | 11,341 | ||
Atmos Energy Corp. | 5.450% | 10/15/32 | 5,133 | 5,303 | ||
Avangrid Inc. | 3.800% | 6/1/29 | 19,421 | 17,564 | ||
Baltimore Gas & Electric Co. | 2.250% | 6/15/31 | 17,086 | 13,806 | ||
Berkshire Hathaway Energy Co. | 3.250% | 4/15/28 | 18,500 | 17,101 | ||
Berkshire Hathaway Energy Co. | 3.700% | 7/15/30 | 24,891 | 22,886 | ||
Berkshire Hathaway Energy Co. | 1.650% | 5/15/31 | 14,195 | 10,995 | ||
Black Hills Corp. | 3.050% | 10/15/29 | 9,398 | 7,997 | ||
Black Hills Corp. | 2.500% | 6/15/30 | 10,682 | 8,694 | ||
1 | CenterPoint Energy Houston Electric LLC | 2.350% | 4/1/31 | 11,882 | 9,863 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | CenterPoint Energy Houston Electric LLC | 3.000% | 3/1/32 | 6,862 | 5,901 | |
1 | CenterPoint Energy Houston Electric LLC | 4.450% | 10/1/32 | 8,510 | 8,161 | |
CenterPoint Energy Inc. | 4.250% | 11/1/28 | 3,850 | 3,609 | ||
CenterPoint Energy Inc. | 2.950% | 3/1/30 | 15,954 | 13,634 | ||
CenterPoint Energy Inc. | 2.650% | 6/1/31 | 12,510 | 10,274 | ||
CenterPoint Energy Resources Corp. | 4.000% | 4/1/28 | 2,976 | 2,832 | ||
CenterPoint Energy Resources Corp. | 1.750% | 10/1/30 | 13,695 | 10,789 | ||
CenterPoint Energy Resources Corp. | 5.400% | 3/1/33 | 7,974 | 8,074 | ||
Cleco Corporate Holdings LLC | 3.375% | 9/15/29 | 1,330 | 1,117 | ||
1 | CMS Energy Corp. | 4.750% | 6/1/50 | 16,184 | 14,472 | |
CMS Energy Corp. | 3.750% | 12/1/50 | 4,723 | 3,737 | ||
Commonwealth Edison Co. | 3.700% | 8/15/28 | 2,948 | 2,771 | ||
Commonwealth Edison Co. | 2.200% | 3/1/30 | 3,663 | 3,054 | ||
1 | Commonwealth Edison Co. | 3.150% | 3/15/32 | 4,440 | 3,853 | |
Commonwealth Edison Co. | 4.900% | 2/1/33 | 4,020 | 3,983 | ||
1 | Connecticut Light & Power Co. | 2.050% | 7/1/31 | 15,728 | 12,699 | |
Consolidated Edison Co. of New York Inc. | 3.800% | 5/15/28 | 6,670 | 6,327 | ||
1 | Consolidated Edison Co. of New York Inc. | 4.000% | 12/1/28 | 9,501 | 9,029 | |
1 | Consolidated Edison Co. of New York Inc. | 3.350% | 4/1/30 | 14,806 | 13,230 | |
Consolidated Edison Co. of New York Inc. | 2.400% | 6/15/31 | 14,213 | 11,641 | ||
Consolidated Edison Co. of New York Inc. | 5.200% | 3/1/33 | 2,591 | 2,595 | ||
Constellation Energy Generation LLC | 5.800% | 3/1/33 | 3,183 | 3,223 | ||
Consumers Energy Co. | 4.650% | 3/1/28 | 7,500 | 7,391 | ||
Consumers Energy Co. | 3.800% | 11/15/28 | 2,098 | 1,978 | ||
Consumers Energy Co. | 3.600% | 8/15/32 | 8,701 | 7,801 | ||
Consumers Energy Co. | 4.625% | 5/15/33 | 13,480 | �� 13,101 | ||
Dominion Energy Inc. | 4.250% | 6/1/28 | 10,793 | 10,283 | ||
1 | Dominion Energy Inc. | 3.375% | 4/1/30 | 38,229 | 33,504 | |
1 | Dominion Energy Inc. | 2.250% | 8/15/31 | 11,016 | 8,703 | |
1 | Dominion Energy Inc. | 4.350% | 8/15/32 | 15,190 | 14,007 | |
Dominion Energy Inc. | 5.375% | 11/15/32 | 22,202 | 21,792 | ||
1 | Dominion Energy South Carolina Inc. | 2.300% | 12/1/31 | 15,924 | 12,829 | |
Dominion Energy South Carolina Inc. | 6.625% | 2/1/32 | 3,879 | 4,269 | ||
1 | DTE Electric Co. | 1.900% | 4/1/28 | 9,836 | 8,470 | |
DTE Electric Co. | 2.250% | 3/1/30 | 11,122 | 9,347 | ||
1 | DTE Electric Co. | 2.625% | 3/1/31 | 13,982 | 11,820 | |
1 | DTE Electric Co. | 3.000% | 3/1/32 | 8,394 | 7,166 | |
3 | DTE Electric Co. | 5.200% | 4/1/33 | 12,500 | 12,517 | |
1 | DTE Energy Co. | 3.400% | 6/15/29 | 11,947 | 10,609 | |
DTE Energy Co. | 2.950% | 3/1/30 | 15,001 | 12,824 | ||
Duke Energy Carolinas LLC | 3.950% | 11/15/28 | 21,421 | 20,419 | ||
1 | Duke Energy Carolinas LLC | 6.000% | 12/1/28 | 4,644 | 4,875 | |
Duke Energy Carolinas LLC | 2.450% | 8/15/29 | 11,225 | 9,553 | ||
Duke Energy Carolinas LLC | 2.450% | 2/1/30 | 10,781 | 9,186 | ||
Duke Energy Carolinas LLC | 2.550% | 4/15/31 | 21,606 | 18,002 | ||
Duke Energy Carolinas LLC | 2.850% | 3/15/32 | 8,003 | 6,704 | ||
Duke Energy Carolinas LLC | 4.950% | 1/15/33 | 28,414 | 27,984 | ||
Duke Energy Corp. | 2.650% | 9/1/26 | 10,307 | 9,416 | ||
Duke Energy Corp. | 4.300% | 3/15/28 | 11,253 | 10,748 | ||
Duke Energy Corp. | 3.400% | 6/15/29 | 7,279 | 6,510 | ||
Duke Energy Corp. | 2.450% | 6/1/30 | 21,300 | 17,495 | ||
Duke Energy Corp. | 2.550% | 6/15/31 | 25,186 | 20,302 | ||
Duke Energy Corp. | 4.500% | 8/15/32 | 29,609 | 27,422 | ||
Duke Energy Florida LLC | 3.800% | 7/15/28 | 8,127 | 7,690 | ||
Duke Energy Florida LLC | 2.500% | 12/1/29 | 14,240 | 12,125 | ||
Duke Energy Florida LLC | 1.750% | 6/15/30 | 24,318 | 19,412 | ||
Duke Energy Florida LLC | 2.400% | 12/15/31 | 18,836 | 15,292 | ||
Duke Energy Ohio Inc. | 3.650% | 2/1/29 | 18,242 | 16,866 | ||
Duke Energy Ohio Inc. | 2.125% | 6/1/30 | 8,454 | 6,895 | ||
Duke Energy Progress LLC | 3.700% | 9/1/28 | 9,502 | 8,919 | ||
Duke Energy Progress LLC | 3.450% | 3/15/29 | 28,228 | 25,773 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Duke Energy Progress LLC | 2.000% | 8/15/31 | 21,809 | 17,188 | ||
2 | East Ohio Gas Co. | 2.000% | 6/15/30 | 1,875 | 1,479 | |
Edison International | 4.125% | 3/15/28 | 16,561 | 15,432 | ||
Edison International | 6.950% | 11/15/29 | 6,630 | 6,952 | ||
Emera US Finance LP | 2.639% | 6/15/31 | 14,658 | 11,544 | ||
Enel Chile SA | 4.875% | 6/12/28 | 24,135 | 23,190 | ||
Entergy Arkansas LLC | 5.150% | 1/15/33 | 7,090 | 7,053 | ||
Entergy Corp. | 1.900% | 6/15/28 | 17,360 | 14,680 | ||
Entergy Corp. | 2.800% | 6/15/30 | 13,634 | 11,424 | ||
Entergy Corp. | 2.400% | 6/15/31 | 16,746 | 13,250 | ||
Entergy Louisiana LLC | 3.250% | 4/1/28 | 3,810 | 3,481 | ||
Entergy Louisiana LLC | 1.600% | 12/15/30 | 10,912 | 8,356 | ||
Entergy Louisiana LLC | 3.050% | 6/1/31 | 10,070 | 8,594 | ||
Entergy Louisiana LLC | 2.350% | 6/15/32 | 2,188 | 1,734 | ||
Entergy Mississippi LLC | 2.850% | 6/1/28 | 15,807 | 14,193 | ||
Entergy Texas Inc. | 4.000% | 3/30/29 | 14,061 | 13,162 | ||
Entergy Texas Inc. | 1.750% | 3/15/31 | 9,530 | 7,440 | ||
Essential Utilities Inc. | 3.566% | 5/1/29 | 12,043 | 10,816 | ||
Essential Utilities Inc. | 2.704% | 4/15/30 | 17,652 | 14,802 | ||
Evergy Inc. | 2.900% | 9/15/29 | 6,409 | 5,489 | ||
1 | Evergy Metro Inc. | 2.250% | 6/1/30 | 20,553 | 16,918 | |
1 | Eversource Energy | 3.300% | 1/15/28 | 2,429 | 2,236 | |
1 | Eversource Energy | 4.250% | 4/1/29 | 16,387 | 15,402 | |
1 | Eversource Energy | 1.650% | 8/15/30 | 14,621 | 11,287 | |
Eversource Energy | 2.550% | 3/15/31 | 14,011 | 11,444 | ||
Eversource Energy | 3.375% | 3/1/32 | 19,673 | 16,854 | ||
Exelon Corp. | 5.150% | 3/15/28 | 2,590 | 2,568 | ||
Exelon Corp. | 4.050% | 4/15/30 | 35,186 | 32,277 | ||
Exelon Corp. | 3.350% | 3/15/32 | 25,398 | 21,684 | ||
Exelon Corp. | 5.300% | 3/15/33 | 3,910 | 3,863 | ||
Florida Power & Light Co. | 2.450% | 2/3/32 | 34,869 | 28,646 | ||
1 | Georgia Power Co. | 2.650% | 9/15/29 | 11,866 | 10,065 | |
Georgia Power Co. | 4.700% | 5/15/32 | 12,255 | 11,652 | ||
Indiana Michigan Power Co. | 3.850% | 5/15/28 | 9,337 | 8,846 | ||
Interstate Power & Light Co. | 4.100% | 9/26/28 | 22,559 | 21,592 | ||
Interstate Power & Light Co. | 3.600% | 4/1/29 | 10,622 | 9,687 | ||
Interstate Power & Light Co. | 2.300% | 6/1/30 | 7,593 | 6,221 | ||
IPALCO Enterprises Inc. | 4.250% | 5/1/30 | 13,499 | 12,161 | ||
MidAmerican Energy Co. | 3.650% | 4/15/29 | 33,853 | 31,364 | ||
MidAmerican Energy Co. | 6.750% | 12/30/31 | 8,080 | 8,979 | ||
Mississippi Power Co. | 3.950% | 3/30/28 | 3,476 | 3,275 | ||
National Fuel Gas Co. | 3.950% | 9/15/27 | 5,075 | 4,694 | ||
National Fuel Gas Co. | 4.750% | 9/1/28 | 7,847 | 7,367 | ||
National Fuel Gas Co. | 2.950% | 3/1/31 | 7,818 | 6,204 | ||
National Rural Utilities Cooperative Finance Corp. | 3.400% | 2/7/28 | 22,870 | 21,224 | ||
National Rural Utilities Cooperative Finance Corp. | 4.800% | 3/15/28 | 5,000 | 4,925 | ||
National Rural Utilities Cooperative Finance Corp. | 3.900% | 11/1/28 | 3,334 | 3,138 | ||
National Rural Utilities Cooperative Finance Corp. | 3.700% | 3/15/29 | 14,839 | 13,603 | ||
National Rural Utilities Cooperative Finance Corp. | 2.400% | 3/15/30 | 14,886 | 12,507 | ||
National Rural Utilities Cooperative Finance Corp. | 1.350% | 3/15/31 | 11,306 | 8,433 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 1.650% | 6/15/31 | 8,114 | 6,219 | |
1 | National Rural Utilities Cooperative Finance Corp. | 8.000% | 3/1/32 | 9,169 | 10,850 | |
National Rural Utilities Cooperative Finance Corp. | 2.750% | 4/15/32 | 5,475 | 4,521 | ||
National Rural Utilities Cooperative Finance Corp. | 4.023% | 11/1/32 | 3,000 | 2,737 | ||
National Rural Utilities Cooperative Finance Corp. | 5.800% | 1/15/33 | 28,568 | 29,432 | ||
1 | Nevada Power Co. | 3.700% | 5/1/29 | 18,860 | 17,588 | |
1 | Nevada Power Co. | 2.400% | 5/1/30 | 9,790 | 8,268 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
NextEra Energy Capital Holdings Inc. | 1.900% | 6/15/28 | 44,401 | 37,536 | ||
NextEra Energy Capital Holdings Inc. | 3.500% | 4/1/29 | 20,079 | 18,167 | ||
NextEra Energy Capital Holdings Inc. | 2.750% | 11/1/29 | 16,315 | 13,886 | ||
NextEra Energy Capital Holdings Inc. | 2.250% | 6/1/30 | 53,102 | 43,010 | ||
NextEra Energy Capital Holdings Inc. | 2.440% | 1/15/32 | 30,930 | 24,484 | ||
NextEra Energy Capital Holdings Inc. | 5.000% | 7/15/32 | 25,399 | 24,458 | ||
NextEra Energy Capital Holdings Inc. | 5.050% | 2/28/33 | 14,530 | 14,059 | ||
1 | NextEra Energy Capital Holdings Inc. | 4.800% | 12/1/77 | 10,326 | 9,170 | |
1 | NextEra Energy Capital Holdings Inc. | 5.650% | 5/1/79 | 4,097 | 3,824 | |
NiSource Inc. | 2.950% | 9/1/29 | 16,667 | 14,374 | ||
NiSource Inc. | 3.600% | 5/1/30 | 31,038 | 27,724 | ||
NiSource Inc. | 1.700% | 2/15/31 | 13,919 | 10,609 | ||
Northern States Power Co. | 2.250% | 4/1/31 | 12,505 | 10,327 | ||
NSTAR Electric Co. | 3.250% | 5/15/29 | 8,596 | 7,772 | ||
NSTAR Electric Co. | 3.950% | 4/1/30 | 13,828 | 12,955 | ||
1 | Ohio Power Co. | 2.600% | 4/1/30 | 6,767 | 5,719 | |
1 | Ohio Power Co. | 1.625% | 1/15/31 | 15,776 | 12,166 | |
Oklahoma Gas & Electric Co. | 3.800% | 8/15/28 | 6,824 | 6,382 | ||
Oklahoma Gas & Electric Co. | 3.300% | 3/15/30 | 6,467 | 5,722 | ||
Oklahoma Gas & Electric Co. | 3.250% | 4/1/30 | 3,136 | 2,760 | ||
Oklahoma Gas & Electric Co. | 5.400% | 1/15/33 | 12,424 | 12,471 | ||
Oncor Electric Delivery Co. LLC | 3.700% | 11/15/28 | 9,694 | 9,104 | ||
Oncor Electric Delivery Co. LLC | 5.750% | 3/15/29 | 8,633 | 8,932 | ||
Oncor Electric Delivery Co. LLC | 2.750% | 5/15/30 | 20,451 | 17,741 | ||
Oncor Electric Delivery Co. LLC | 7.000% | 5/1/32 | 2,874 | 3,280 | ||
Oncor Electric Delivery Co. LLC | 4.150% | 6/1/32 | 20,816 | 19,564 | ||
Oncor Electric Delivery Co. LLC | 4.550% | 9/15/32 | 28,855 | 27,919 | ||
ONE Gas Inc. | 2.000% | 5/15/30 | 7,406 | 6,061 | ||
ONE Gas Inc. | 4.250% | 9/1/32 | 8,295 | 7,839 | ||
Pacific Gas & Electric Co. | 3.300% | 12/1/27 | 3,803 | 3,393 | ||
Pacific Gas & Electric Co. | 3.000% | 6/15/28 | 12,885 | 11,236 | ||
Pacific Gas & Electric Co. | 3.750% | 7/1/28 | 32,959 | 29,574 | ||
Pacific Gas & Electric Co. | 4.550% | 7/1/30 | 75,642 | 68,301 | ||
Pacific Gas & Electric Co. | 2.500% | 2/1/31 | 39,363 | 30,656 | ||
Pacific Gas & Electric Co. | 3.250% | 6/1/31 | 16,916 | 13,803 | ||
Pacific Gas & Electric Co. | 4.400% | 3/1/32 | 11,160 | 9,704 | ||
Pacific Gas & Electric Co. | 5.900% | 6/15/32 | 30,970 | 29,916 | ||
Pacific Gas & Electric Co. | 6.150% | 1/15/33 | 22,354 | 22,093 | ||
PacifiCorp | 3.500% | 6/15/29 | 16,062 | 14,724 | ||
PacifiCorp | 2.700% | 9/15/30 | 9,621 | 8,251 | ||
1 | PG&E Wildfire Recovery Funding LLC | 3.594% | 6/1/30 | 4,494 | 4,232 | |
Piedmont Natural Gas Co. Inc. | 3.500% | 6/1/29 | 9,640 | 8,776 | ||
Piedmont Natural Gas Co. Inc. | 2.500% | 3/15/31 | 13,016 | 10,589 | ||
3 | PPL Electric Utilities Corp. | 5.000% | 5/15/33 | 17,850 | 17,707 | |
Progress Energy Inc. | 7.750% | 3/1/31 | 16,125 | 18,189 | ||
Progress Energy Inc. | 7.000% | 10/30/31 | 13,797 | 14,874 | ||
Public Service Co. of Colorado | 3.700% | 6/15/28 | 5,896 | 5,570 | ||
1 | Public Service Co. of Colorado | 1.900% | 1/15/31 | 5,954 | 4,785 | |
Public Service Co. of Colorado | 1.875% | 6/15/31 | 17,847 | 14,119 | ||
1 | Public Service Co. of Colorado | 4.100% | 6/1/32 | 3,346 | 3,151 | |
Public Service Co. of Oklahoma | 5.250% | 1/15/33 | 20,530 | 20,334 | ||
1 | Public Service Electric & Gas Co. | 3.700% | 5/1/28 | 11,155 | 10,524 | |
1 | Public Service Electric & Gas Co. | 3.650% | 9/1/28 | 8,014 | 7,495 | |
1 | Public Service Electric & Gas Co. | 3.200% | 5/15/29 | 10,394 | 9,360 | |
1 | Public Service Electric & Gas Co. | 2.450% | 1/15/30 | 3,750 | 3,220 | |
1 | Public Service Electric & Gas Co. | 1.900% | 8/15/31 | 9,633 | 7,664 | |
1 | Public Service Electric & Gas Co. | 3.100% | 3/15/32 | 2,791 | 2,424 | |
1 | Public Service Electric & Gas Co. | 4.900% | 12/15/32 | 10,370 | 10,334 | |
Public Service Enterprise Group Inc. | 1.600% | 8/15/30 | 15,256 | 11,797 | ||
Public Service Enterprise Group Inc. | 2.450% | 11/15/31 | 20,935 | 16,746 | ||
Puget Energy Inc. | 2.379% | 6/15/28 | 8,422 | 7,163 | ||
Puget Energy Inc. | 4.100% | 6/15/30 | 15,877 | 14,257 | ||
Puget Energy Inc. | 4.224% | 3/15/32 | 12,430 | 11,010 | ||
1 | San Diego Gas & Electric Co. | 1.700% | 10/1/30 | 14,752 | 11,614 | |
1 | San Diego Gas & Electric Co. | 3.000% | 3/15/32 | 12,150 | 10,283 | |
Sempra Energy | 3.400% | 2/1/28 | 20,470 | 18,741 | ||
Sempra Energy | 3.700% | 4/1/29 | 15,539 | 14,121 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Southern California Edison Co. | 3.650% | 3/1/28 | 8,256 | 7,717 | |
3 | Southern California Edison Co. | 5.300% | 3/1/28 | 4,500 | 4,495 | |
1 | Southern California Edison Co. | 4.200% | 3/1/29 | 18,032 | 17,010 | |
Southern California Edison Co. | 6.650% | 4/1/29 | 5,840 | 6,122 | ||
Southern California Edison Co. | 2.850% | 8/1/29 | 4,139 | 3,572 | ||
Southern California Edison Co. | 2.250% | 6/1/30 | 18,943 | 15,585 | ||
1 | Southern California Edison Co. | 2.500% | 6/1/31 | 15,578 | 12,783 | |
Southern California Edison Co. | 2.750% | 2/1/32 | 9,470 | 7,844 | ||
Southern California Edison Co. | 5.950% | 11/1/32 | 23,650 | 24,634 | ||
1 | Southern California Gas Co. | 2.550% | 2/1/30 | 19,863 | 16,826 | |
1 | Southern Co. | 1.750% | 3/15/28 | 6,931 | 5,833 | |
1 | Southern Co. | 3.700% | 4/30/30 | 13,474 | 12,148 | |
Southern Co. | 5.700% | 10/15/32 | 15,920 | 16,170 | ||
1 | Southern Co. Gas Capital Corp. | 1.750% | 1/15/31 | 16,128 | 12,431 | |
Southern Co. Gas Capital Corp. | 5.150% | 9/15/32 | 15,984 | 15,619 | ||
Southwest Gas Corp. | 3.700% | 4/1/28 | 5,864 | 5,417 | ||
Southwest Gas Corp. | 2.200% | 6/15/30 | 2,459 | 1,960 | ||
Southwest Gas Corp. | 4.050% | 3/15/32 | 14,015 | 12,514 | ||
1 | Southwestern Electric Power Co. | 4.100% | 9/15/28 | 18,822 | 17,785 | |
Spire Missouri Inc. | 4.800% | 2/15/33 | 6,527 | 6,351 | ||
Tampa Electric Co. | 2.400% | 3/15/31 | 10,495 | 8,514 | ||
Tucson Electric Power Co. | 1.500% | 8/1/30 | 8,819 | 6,805 | ||
Tucson Electric Power Co. | 3.250% | 5/15/32 | 4,867 | 4,163 | ||
Union Electric Co. | 3.500% | 3/15/29 | 19,185 | 17,581 | ||
Union Electric Co. | 2.950% | 3/15/30 | 10,332 | 9,068 | ||
Union Electric Co. | 2.150% | 3/15/32 | 9,047 | 7,150 | ||
United Utilities plc | 6.875% | 8/15/28 | 5,417 | 5,777 | ||
1 | Virginia Electric & Power Co. | 3.800% | 4/1/28 | 20,492 | 19,337 | |
1 | Virginia Electric & Power Co. | 2.875% | 7/15/29 | 17,059 | 14,975 | |
Virginia Electric & Power Co. | 2.300% | 11/15/31 | 10,338 | 8,327 | ||
Virginia Electric & Power Co. | 2.400% | 3/30/32 | 19,552 | 15,789 | ||
WEC Energy Group Inc. | 2.200% | 12/15/28 | 11,414 | 9,682 | ||
WEC Energy Group Inc. | 1.800% | 10/15/30 | 12,435 | 9,747 | ||
Wisconsin Electric Power Co. | 1.700% | 6/15/28 | 5,106 | 4,340 | ||
Wisconsin Electric Power Co. | 4.750% | 9/30/32 | 13,383 | 13,082 | ||
Wisconsin Power & Light Co. | 3.000% | 7/1/29 | 4,728 | 4,144 | ||
Wisconsin Power & Light Co. | 1.950% | 9/16/31 | 1,786 | 1,398 | ||
Wisconsin Power & Light Co. | 3.950% | 9/1/32 | 13,395 | 12,197 | ||
Xcel Energy Inc. | 4.000% | 6/15/28 | 15,455 | 14,618 | ||
Xcel Energy Inc. | 2.600% | 12/1/29 | 6,837 | 5,773 | ||
Xcel Energy Inc. | 3.400% | 6/1/30 | 20,913 | 18,523 | ||
Xcel Energy Inc. | 2.350% | 11/15/31 | 2,875 | 2,288 | ||
Xcel Energy Inc. | 4.600% | 6/1/32 | 29,663 | 28,137 | ||
3,177,612 | ||||||
Total Corporate Bonds (Cost $46,587,696) | 40,735,140 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (0.2%) | ||||||
Money Market Fund (0.2%) | ||||||
5 | Vanguard Market Liquidity Fund (Cost $88,861) | 4.640% | 888,789 | 88,870 | ||
Total Investments (98.9%) (Cost $46,695,648) | 40,843,156 | |||||
Other Assets and Liabilities—Net (1.1%) | 433,765 | |||||
Net Assets (100%) | 41,276,921 |
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, 2023, the aggregate value was $887,258,000, representing 2.1% 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, 2023. |
4 | Securities with a value of $2,945,000 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. |
DAC—Designated Activity Company. |
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 2023 | 292 | 31,260 | (2) |
Ultra 10-Year U.S. Treasury Note | June 2023 | 1,386 | 162,422 | (40) |
(42) | ||||
Short Futures Contracts | ||||
Long U.S. Treasury Bond | June 2023 | (54) | (6,762) | 41 |
(1) |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $46,606,787) | 40,754,286 |
Affiliated Issuers (Cost $88,861) | 88,870 |
Total Investments in Securities | 40,843,156 |
Investment in Vanguard | 1,516 |
Cash | 3,878 |
Receivables for Investment Securities Sold | 1,423,074 |
Receivables for Accrued Income | 442,380 |
Receivables for Capital Shares Issued | 708 |
Total Assets | 42,714,712 |
Liabilities | |
Payables for Investment Securities Purchased | 1,435,542 |
Payables for Capital Shares Redeemed | 619 |
Payables for Distributions | 927 |
Payables to Vanguard | 603 |
Variation Margin Payable—Futures Contracts | 100 |
Total Liabilities | 1,437,791 |
Net Assets | 41,276,921 |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 49,052,162 |
Total Distributable Earnings (Loss) | (7,775,241) |
Net Assets | 41,276,921 |
ETF Shares—Net Assets | |
Applicable to 511,614,337 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 39,857,937 |
Net Asset Value Per Share—ETF Shares | $77.91 |
Admiral Shares—Net Assets | |
Applicable to 54,470,595 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,142,363 |
Net Asset Value Per Share—Admiral Shares | $20.97 |
Institutional Shares—Net Assets | |
Applicable to 10,675,185 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 276,621 |
Net Asset Value Per Share—Institutional Shares | $25.91 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 696,961 |
Total Income | 696,961 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 518 |
Management and Administrative—ETF Shares | 5,636 |
Management and Administrative—Admiral Shares | 343 |
Management and Administrative—Institutional Shares | 63 |
Marketing and Distribution—ETF Shares | 1,120 |
Marketing and Distribution—Admiral Shares | 26 |
Marketing and Distribution—Institutional Shares | 5 |
Custodian Fees | 108 |
Shareholders’ Reports—ETF Shares | 564 |
Shareholders’ Reports—Admiral Shares | 5 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 9 |
Other Expenses | 16 |
Total Expenses | 8,413 |
Expenses Paid Indirectly | (105) |
Net Expenses | 8,308 |
Net Investment Income | 688,653 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | (1,247,021) |
Futures Contracts | 70 |
Realized Net Gain (Loss) | (1,246,951) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 236,593 |
Futures Contracts | (1,206) |
Change in Unrealized Appreciation (Depreciation) | 235,387 |
Net Increase (Decrease) in Net Assets Resulting from Operations | (322,911) |
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 $1,489,000, $5,000, less than $1,000, and $7,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes ($477,635,000) of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 688,653 | 1,152,633 | |
Realized Net Gain (Loss) | (1,246,951) | (1,034,828) | |
Change in Unrealized Appreciation (Depreciation) | 235,387 | (7,147,932) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (322,911) | (7,030,127) | |
Distributions | |||
ETF Shares | (662,818) | (1,391,106) | |
Admiral Shares | (18,743) | (42,805) | |
Institutional Shares | (4,816) | (11,765) | |
Total Distributions | (686,377) | (1,445,676) | |
Capital Share Transactions | |||
ETF Shares | (228,174) | 2,345,913 | |
Admiral Shares | 31,685 | (199,618) | |
Institutional Shares | (52,416) | (38,320) | |
Net Increase (Decrease) from Capital Share Transactions | (248,905) | 2,107,975 | |
Total Increase (Decrease) | (1,258,193) | (6,367,828) | |
Net Assets | |||
Beginning of Period | 42,535,114 | 48,902,942 | |
End of Period | 41,276,921 | 42,535,114 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $79.83 | $95.57 | $95.98 | $91.82 | $84.02 | $88.35 |
Investment Operations | ||||||
Net Investment Income1 | 1.309 | 2.171 | 2.163 | 2.761 | 3.132 | 2.935 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.920) | (15.176) | (.205) | 4.205 | 7.768 | (4.362) |
Total from Investment Operations | (.611) | (13.005) | 1.958 | 6.966 | 10.900 | (1.427) |
Distributions | ||||||
Dividends from Net Investment Income | (1.309) | (2.141) | (2.169) | (2.806) | (3.100) | (2.903) |
Distributions from Realized Capital Gains | — | (.594) | (.199) | — | — | — |
Total Distributions | (1.309) | (2.735) | (2.368) | (2.806) | (3.100) | (2.903) |
Net Asset Value, End of Period | $77.91 | $79.83 | $95.57 | $95.98 | $91.82 | $84.02 |
Total Return | -0.76% | -13.86% | 2.08% | 7.78% | 13.33% | -1.62% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $39,858 | $41,058 | $46,873 | $38,944 | $24,080 | $19,302 |
Ratio of Total Expenses to Average Net Assets | 0.04%2 | 0.04%2 | 0.04% | 0.05% | 0.05% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 3.39% | 2.48% | 2.27% | 2.99% | 3.65% | 3.44% |
Portfolio Turnover Rate3 | 32% | 58% | 53% | 72% | 59% | 65% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.04%. |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $21.49 | $25.75 | $25.86 | $24.71 | $22.61 | $23.78 |
Investment Operations | ||||||
Net Investment Income1 | .350 | .577 | .578 | .747 | .839 | .792 |
Net Realized and Unrealized Gain (Loss) on Investments | (.518) | (4.098) | (.062) | 1.138 | 2.097 | (1.175) |
Total from Investment Operations | (.168) | (3.521) | .516 | 1.885 | 2.936 | (.383) |
Distributions | ||||||
Dividends from Net Investment Income | (.352) | (.579) | (.572) | (.735) | (.836) | (.787) |
Distributions from Realized Capital Gains | — | (.160) | (.054) | — | — | — |
Total Distributions | (.352) | (.739) | (.626) | (.735) | (.836) | (.787) |
Net Asset Value, End of Period | $20.97 | $21.49 | $25.75 | $25.86 | $24.71 | $22.61 |
Total Return2 | -0.77% | -13.90% | 2.03% | 7.79% | 13.30% | -1.61% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,142 | $1,139 | $1,587 | $1,549 | $1,381 | $1,076 |
Ratio of Total Expenses to Average Net Assets | 0.07%3 | 0.07%3 | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 3.36% | 2.44% | 2.25% | 3.01% | 3.63% | 3.44% |
Portfolio Turnover Rate4 | 32% | 58% | 53% | 72% | 59% | 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 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.07%. |
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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $26.56 | $31.82 | $31.95 | $30.53 | $27.94 | $29.38 |
Investment Operations | ||||||
Net Investment Income1 | .434 | .720 | .720 | .940 | 1.044 | .983 |
Net Realized and Unrealized Gain (Loss) on Investments | (.647) | (5.061) | (.070) | 1.394 | 2.584 | (1.446) |
Total from Investment Operations | (.213) | (4.341) | .650 | 2.334 | 3.628 | (.463) |
Distributions | ||||||
Dividends from Net Investment Income | (.437) | (.721) | (.714) | (.914) | (1.038) | (.977) |
Distributions from Realized Capital Gains | — | (.198) | (.066) | — | — | — |
Total Distributions | (.437) | (.919) | (.780) | (.914) | (1.038) | (.977) |
Net Asset Value, End of Period | $25.91 | $26.56 | $31.82 | $31.95 | $30.53 | $27.94 |
Total Return2 | -0.78% | -13.87% | 2.07% | 7.81% | 13.30% | -1.57% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $277 | $338 | $443 | $357 | $406 | $492 |
Ratio of Total Expenses to Average Net Assets | 0.05%3 | 0.05%3 | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 3.37% | 2.46% | 2.27% | 3.07% | 3.65% | 3.46% |
Portfolio Turnover Rate4 | 32% | 58% | 53% | 72% | 59% | 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 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.05%. |
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. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 19,146 | — | 19,146 |
Corporate Bonds | — | 40,735,140 | — | 40,735,140 |
Temporary Cash Investments | 88,870 | — | — | 88,870 |
Total | 88,870 | 40,754,286 | — | 40,843,156 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 41 | — | — | 41 |
Liabilities | ||||
Futures Contracts1 | 42 | — | — | 42 |
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. |
Amount ($000) | |
Tax Cost | 46,706,593 |
Gross Unrealized Appreciation | 73,820 |
Gross Unrealized Depreciation | (5,937,258) |
Net Unrealized Appreciation (Depreciation) | (5,863,438) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued1 | 6,625,626 | 85,617 | 14,929,685 | 172,762 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (6,853,800) | (88,300) | (12,583,772) | (148,900) | |
Net Increase (Decrease)—ETF Shares | (228,174) | (2,683) | 2,345,913 | 23,862 | |
Admiral Shares | |||||
Issued1 | 137,078 | 6,499 | 209,913 | 8,814 | |
Issued in Lieu of Cash Distributions | 14,797 | 707 | 34,023 | 1,432 | |
Redeemed | (120,190) | (5,729) | (443,554) | (18,893) | |
Net Increase (Decrease)—Admiral Shares | 31,685 | 1,477 | (199,618) | (8,647) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Institutional Shares | |||||
Issued1 | 187 | 7 | 56,884 | 1,961 | |
Issued in Lieu of Cash Distributions | 3,193 | 123 | 8,074 | 277 | |
Redeemed | (55,796) | (2,194) | (103,278) | (3,421) | |
Net Increase (Decrease)—Institutional Shares | (52,416) | (2,064) | (38,320) | (1,183) |
1 | Includes purchase fees for fiscal 2023 and 2022 of $344,000 and $653,000, respectively (fund totals). |
Corporate Bonds – Communications | 12.6% |
Corporate Bonds – Consumer Discretionary | 6.0 |
Corporate Bonds – Consumer Staples | 7.8 |
Corporate Bonds – Energy | 9.0 |
Corporate Bonds – Financials | 14.1 |
Corporate Bonds – Health Care | 15.2 |
Corporate Bonds – Industrials | 8.6 |
Corporate Bonds – Materials | 3.7 |
Corporate Bonds – Real Estate | 1.3 |
Corporate Bonds – Technology | 9.3 |
Corporate Bonds – Utilities | 12.3 |
U.S. Government and Agency Obligations | 0.1 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (0.1%) | ||||||
U.S. Government Securities (0.1%) | ||||||
United States Treasury Note/Bond (Cost $4,180) | 3.500% | 2/15/33 | 4,330 | ��� 4,187 | ||
Corporate Bonds (98.3%) | ||||||
Communications (12.4%) | ||||||
Activision Blizzard Inc. | 4.500% | 6/15/47 | 1,302 | 1,150 | ||
Activision Blizzard Inc. | 2.500% | 9/15/50 | 3,834 | 2,392 | ||
Alphabet Inc. | 1.900% | 8/15/40 | 4,240 | 2,821 | ||
Alphabet Inc. | 2.050% | 8/15/50 | 6,870 | 4,147 | ||
Alphabet Inc. | 2.250% | 8/15/60 | 4,657 | 2,699 | ||
America Movil SAB de CV | 6.375% | 3/1/35 | 2,470 | 2,676 | ||
America Movil SAB de CV | 6.125% | 11/15/37 | 1,039 | 1,097 | ||
America Movil SAB de CV | 6.125% | 3/30/40 | 6,785 | 7,149 | ||
America Movil SAB de CV | 4.375% | 7/16/42 | 2,666 | 2,317 | ||
America Movil SAB de CV | 4.375% | 4/22/49 | 2,905 | 2,500 | ||
AT&T Inc. | 2.550% | 12/1/33 | 9,146 | 7,002 | ||
AT&T Inc. | 4.500% | 5/15/35 | 7,669 | 6,893 | ||
AT&T Inc. | 5.250% | 3/1/37 | 4,970 | 4,787 | ||
AT&T Inc. | 4.900% | 8/15/37 | 4,197 | 3,853 | ||
AT&T Inc. | 4.850% | 3/1/39 | 7,427 | 6,671 | ||
AT&T Inc. | 5.350% | 9/1/40 | 1,044 | 994 | ||
AT&T Inc. | 3.500% | 6/1/41 | 8,383 | 6,290 | ||
AT&T Inc. | 4.300% | 12/15/42 | 3,353 | 2,772 | ||
AT&T Inc. | 3.100% | 2/1/43 | 1,066 | 744 | ||
AT&T Inc. | 4.650% | 6/1/44 | 2,967 | 2,530 | ||
AT&T Inc. | 4.350% | 6/15/45 | 2,836 | 2,307 | ||
AT&T Inc. | 4.850% | 7/15/45 | 65 | 56 | ||
AT&T Inc. | 4.750% | 5/15/46 | 7,393 | 6,351 | ||
1 | AT&T Inc. | 5.150% | 11/15/46 | 4,561 | 4,151 | |
AT&T Inc. | 5.450% | 3/1/47 | 594 | 567 | ||
AT&T Inc. | 4.500% | 3/9/48 | 8,365 | 6,887 | ||
AT&T Inc. | 4.550% | 3/9/49 | 5,256 | 4,352 | ||
AT&T Inc. | 5.150% | 2/15/50 | 1,200 | 1,095 | ||
AT&T Inc. | 3.650% | 6/1/51 | 7,404 | 5,290 | ||
AT&T Inc. | 3.500% | 9/15/53 | 18,906 | 12,980 | ||
AT&T Inc. | 3.550% | 9/15/55 | 23,288 | 15,790 | ||
AT&T Inc. | 3.800% | 12/1/57 | 21,176 | 14,865 | ||
AT&T Inc. | 3.650% | 9/15/59 | 14,900 | 10,088 | ||
AT&T Inc. | 3.850% | 6/1/60 | 5,380 | 3,760 | ||
AT&T Inc. | 3.500% | 2/1/61 | 475 | 313 | ||
Bell Telephone Co. of Canada or Bell Canada | 4.464% | 4/1/48 | 3,435 | 2,918 | ||
Bell Telephone Co. of Canada or Bell Canada | 4.300% | 7/29/49 | 1,732 | 1,424 | ||
1 | Bell Telephone Co. of Canada or Bell Canada | 3.650% | 3/17/51 | 940 | 691 | |
1 | Bell Telephone Co. of Canada or Bell Canada | 3.200% | 2/15/52 | 1,855 | 1,247 | |
Bell Telephone Co. of Canada or Bell Canada | 3.650% | 8/15/52 | 1,972 | 1,449 | ||
Charter Communications Operating LLC | 4.400% | 4/1/33 | 1,215 | 1,039 | ||
Charter Communications Operating LLC | 6.384% | 10/23/35 | 7,045 | 6,746 | ||
Charter Communications Operating LLC | 5.375% | 4/1/38 | 1,838 | 1,538 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Charter Communications Operating LLC | 3.500% | 6/1/41 | 4,197 | 2,739 | ||
Charter Communications Operating LLC | 3.500% | 3/1/42 | 4,224 | 2,726 | ||
Charter Communications Operating LLC | 6.484% | 10/23/45 | 11,399 | 10,312 | ||
Charter Communications Operating LLC | 5.375% | 5/1/47 | 7,385 | 5,860 | ||
Charter Communications Operating LLC | 5.750% | 4/1/48 | 5,080 | 4,228 | ||
Charter Communications Operating LLC | 5.125% | 7/1/49 | 2,440 | 1,871 | ||
Charter Communications Operating LLC | 4.800% | 3/1/50 | 8,261 | 6,017 | ||
Charter Communications Operating LLC | 3.700% | 4/1/51 | 6,021 | 3,676 | ||
Charter Communications Operating LLC | 3.900% | 6/1/52 | 6,895 | 4,345 | ||
Charter Communications Operating LLC | 5.250% | 4/1/53 | 4,599 | 3,588 | ||
Charter Communications Operating LLC | 6.834% | 10/23/55 | 2,303 | 2,147 | ||
Charter Communications Operating LLC | 3.850% | 4/1/61 | 5,021 | 2,949 | ||
Charter Communications Operating LLC | 4.400% | 12/1/61 | 4,105 | 2,656 | ||
Charter Communications Operating LLC | 3.950% | 6/30/62 | 2,683 | 1,598 | ||
Charter Communications Operating LLC | 5.500% | 4/1/63 | 4,425 | 3,425 | ||
Comcast Corp. | 7.050% | 3/15/33 | 1,702 | 1,939 | ||
Comcast Corp. | 4.200% | 8/15/34 | 5,237 | 4,811 | ||
Comcast Corp. | 5.650% | 6/15/35 | 1,388 | 1,435 | ||
Comcast Corp. | 4.400% | 8/15/35 | 2,915 | 2,688 | ||
Comcast Corp. | 6.500% | 11/15/35 | 1,149 | 1,271 | ||
Comcast Corp. | 3.200% | 7/15/36 | 2,652 | 2,135 | ||
Comcast Corp. | 6.450% | 3/15/37 | 433 | 476 | ||
Comcast Corp. | 6.950% | 8/15/37 | 755 | 867 | ||
Comcast Corp. | 3.900% | 3/1/38 | 4,518 | 3,876 | ||
Comcast Corp. | 4.600% | 10/15/38 | 894 | 824 | ||
Comcast Corp. | 6.550% | 7/1/39 | 1,612 | 1,787 | ||
Comcast Corp. | 3.250% | 11/1/39 | 3,448 | 2,684 | ||
Comcast Corp. | 3.750% | 4/1/40 | 5,457 | 4,495 | ||
Comcast Corp. | 4.650% | 7/15/42 | 2,797 | 2,585 | ||
Comcast Corp. | 4.600% | 8/15/45 | 3,334 | 2,941 | ||
Comcast Corp. | 3.400% | 7/15/46 | 2,814 | 2,069 | ||
Comcast Corp. | 4.000% | 8/15/47 | 3,510 | 2,836 | ||
Comcast Corp. | 3.969% | 11/1/47 | 6,526 | 5,261 | ||
Comcast Corp. | 4.000% | 3/1/48 | 1,827 | 1,477 | ||
Comcast Corp. | 4.700% | 10/15/48 | 4,796 | 4,348 | ||
Comcast Corp. | 3.999% | 11/1/49 | 4,818 | 3,884 | ||
Comcast Corp. | 3.450% | 2/1/50 | 5,829 | 4,258 | ||
Comcast Corp. | 2.800% | 1/15/51 | 6,154 | 3,932 | ||
Comcast Corp. | 2.887% | 11/1/51 | 13,908 | 8,999 | ||
Comcast Corp. | 2.450% | 8/15/52 | 1,715 | 1,018 | ||
Comcast Corp. | 4.049% | 11/1/52 | 6,660 | 5,353 | ||
Comcast Corp. | 2.937% | 11/1/56 | 16,250 | 10,205 | ||
Comcast Corp. | 4.950% | 10/15/58 | 3,291 | 3,051 | ||
Comcast Corp. | 2.650% | 8/15/62 | 2,566 | 1,472 | ||
Comcast Corp. | 2.987% | 11/1/63 | 11,949 | 7,306 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Discovery Communications LLC | 5.000% | 9/20/37 | 2,782 | 2,373 | ||
Discovery Communications LLC | 6.350% | 6/1/40 | 609 | 578 | ||
Discovery Communications LLC | 4.875% | 4/1/43 | 1,463 | 1,154 | ||
Discovery Communications LLC | 5.200% | 9/20/47 | 6,150 | 4,909 | ||
Discovery Communications LLC | 5.300% | 5/15/49 | 1,349 | 1,081 | ||
Discovery Communications LLC | 4.650% | 5/15/50 | 3,057 | 2,234 | ||
Discovery Communications LLC | 4.000% | 9/15/55 | 2,374 | 1,529 | ||
Electronic Arts Inc. | 2.950% | 2/15/51 | 1,615 | 1,029 | ||
Fox Corp. | 5.476% | 1/25/39 | 4,692 | 4,304 | ||
Fox Corp. | 5.576% | 1/25/49 | 4,278 | 3,897 | ||
Grupo Televisa SAB | 6.625% | 1/15/40 | 2,417 | 2,501 | ||
Grupo Televisa SAB | 5.000% | 5/13/45 | 2,045 | 1,782 | ||
Grupo Televisa SAB | 6.125% | 1/31/46 | 2,680 | 2,684 | ||
Grupo Televisa SAB | 5.250% | 5/24/49 | 1,895 | 1,732 | ||
Interpublic Group of Cos. Inc. | 3.375% | 3/1/41 | 1,940 | 1,411 | ||
Interpublic Group of Cos. Inc. | 5.400% | 10/1/48 | 1,035 | 979 | ||
Meta Platforms Inc. | 4.450% | 8/15/52 | 8,084 | 6,697 | ||
Meta Platforms Inc. | 4.650% | 8/15/62 | 4,480 | 3,726 | ||
NBCUniversal Media LLC | 6.400% | 4/30/40 | 400 | 435 | ||
NBCUniversal Media LLC | 5.950% | 4/1/41 | 1,948 | 2,047 | ||
NBCUniversal Media LLC | 4.450% | 1/15/43 | 1,996 | 1,744 | ||
Orange SA | 5.375% | 1/13/42 | 2,614 | 2,583 | ||
Orange SA | 5.500% | 2/6/44 | 2,401 | 2,419 | ||
Paramount Global | 5.500% | 5/15/33 | 995 | 908 | ||
Paramount Global | 6.875% | 4/30/36 | 3,343 | 3,316 | ||
Paramount Global | 5.900% | 10/15/40 | 1,801 | 1,591 | ||
Paramount Global | 4.850% | 7/1/42 | 3,407 | 2,551 | ||
Paramount Global | 4.375% | 3/15/43 | 742 | 515 | ||
Paramount Global | 5.850% | 9/1/43 | 4,661 | 3,915 | ||
Paramount Global | 5.250% | 4/1/44 | 597 | 459 | ||
Paramount Global | 4.900% | 8/15/44 | 606 | 446 | ||
Paramount Global | 4.600% | 1/15/45 | 1,439 | 1,028 | ||
Paramount Global | 4.950% | 5/19/50 | 3,142 | 2,327 | ||
Rogers Communications Inc. | 7.500% | 8/15/38 | 1,536 | 1,719 | ||
2 | Rogers Communications Inc. | 4.500% | 3/15/42 | 1,030 | 845 | |
Rogers Communications Inc. | 4.500% | 3/15/43 | 1,469 | 1,197 | ||
Rogers Communications Inc. | 5.450% | 10/1/43 | 1,245 | 1,140 | ||
Rogers Communications Inc. | 5.000% | 3/15/44 | 2,717 | 2,357 | ||
Rogers Communications Inc. | 4.300% | 2/15/48 | 2,665 | 2,045 | ||
Rogers Communications Inc. | 4.350% | 5/1/49 | 3,777 | 2,944 | ||
Rogers Communications Inc. | 3.700% | 11/15/49 | 3,046 | 2,149 | ||
2 | Rogers Communications Inc. | 4.550% | 3/15/52 | 5,852 | 4,676 | |
Telefonica Emisiones SA | 7.045% | 6/20/36 | 7,178 | 7,563 | ||
Telefonica Emisiones SA | 4.665% | 3/6/38 | 1,590 | 1,312 | ||
Telefonica Emisiones SA | 5.213% | 3/8/47 | 6,803 | 5,690 | ||
Telefonica Emisiones SA | 4.895% | 3/6/48 | 4,419 | 3,504 | ||
Telefonica Emisiones SA | 5.520% | 3/1/49 | 2,499 | 2,168 | ||
TELUS Corp. | 4.600% | 11/16/48 | 2,374 | 2,085 | ||
TELUS Corp. | 4.300% | 6/15/49 | 1,360 | 1,131 | ||
Thomson Reuters Corp. | 5.500% | 8/15/35 | 1,295 | 1,260 | ||
Thomson Reuters Corp. | 5.850% | 4/15/40 | 724 | 705 | ||
Thomson Reuters Corp. | 5.650% | 11/23/43 | 645 | 604 | ||
Time Warner Cable Enterprises LLC | 8.375% | 7/15/33 | 3,726 | 4,183 | ||
Time Warner Cable LLC | 6.550% | 5/1/37 | 4,384 | 4,175 | ||
Time Warner Cable LLC | 7.300% | 7/1/38 | 4,109 | 4,112 | ||
Time Warner Cable LLC | 6.750% | 6/15/39 | 2,005 | 1,926 | ||
Time Warner Cable LLC | 5.875% | 11/15/40 | 4,048 | 3,564 | ||
Time Warner Cable LLC | 5.500% | 9/1/41 | 1,353 | 1,141 | ||
Time Warner Cable LLC | 4.500% | 9/15/42 | 7,058 | 5,259 | ||
T-Mobile USA Inc. | 5.050% | 7/15/33 | 3,700 | 3,564 | ||
T-Mobile USA Inc. | 4.375% | 4/15/40 | 5,529 | 4,700 | ||
T-Mobile USA Inc. | 3.000% | 2/15/41 | 7,325 | 5,110 | ||
T-Mobile USA Inc. | 4.500% | 4/15/50 | 7,404 | 6,150 | ||
T-Mobile USA Inc. | 3.300% | 2/15/51 | 10,151 | 6,791 | ||
T-Mobile USA Inc. | 3.400% | 10/15/52 | 4,867 | 3,304 | ||
T-Mobile USA Inc. | 5.650% | 1/15/53 | 5,280 | 5,179 | ||
T-Mobile USA Inc. | 3.600% | 11/15/60 | 4,315 | 2,877 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
T-Mobile USA Inc. | 5.800% | 9/15/62 | 2,534 | 2,479 | ||
TWDC Enterprises 18 Corp. | 4.375% | 8/16/41 | 1,573 | 1,400 | ||
1 | TWDC Enterprises 18 Corp. | 4.125% | 12/1/41 | 1,045 | 907 | |
1 | TWDC Enterprises 18 Corp. | 3.700% | 12/1/42 | 1,021 | 830 | |
1 | TWDC Enterprises 18 Corp. | 4.125% | 6/1/44 | 2,830 | 2,433 | |
1 | TWDC Enterprises 18 Corp. | 3.000% | 7/30/46 | 1,122 | 788 | |
Verizon Communications Inc. | 4.500% | 8/10/33 | 6,396 | 5,936 | ||
Verizon Communications Inc. | 6.400% | 9/15/33 | 650 | 695 | ||
Verizon Communications Inc. | 4.400% | 11/1/34 | 4,808 | 4,373 | ||
Verizon Communications Inc. | 5.850% | 9/15/35 | 200 | 202 | ||
Verizon Communications Inc. | 4.272% | 1/15/36 | 4,942 | 4,356 | ||
Verizon Communications Inc. | 5.250% | 3/16/37 | 5,055 | 4,931 | ||
Verizon Communications Inc. | 4.812% | 3/15/39 | 6,010 | 5,507 | ||
Verizon Communications Inc. | 2.650% | 11/20/40 | 7,535 | 5,094 | ||
Verizon Communications Inc. | 3.400% | 3/22/41 | 8,562 | 6,457 | ||
Verizon Communications Inc. | 2.850% | 9/3/41 | 4,285 | 2,967 | ||
Verizon Communications Inc. | 4.750% | 11/1/41 | 1,485 | 1,355 | ||
Verizon Communications Inc. | 3.850% | 11/1/42 | 1,440 | 1,145 | ||
Verizon Communications Inc. | 6.550% | 9/15/43 | 2,820 | 3,064 | ||
Verizon Communications Inc. | 4.125% | 8/15/46 | 1,250 | 1,018 | ||
Verizon Communications Inc. | 4.862% | 8/21/46 | 6,716 | 6,055 | ||
Verizon Communications Inc. | 5.500% | 3/16/47 | 1,018 | 989 | ||
Verizon Communications Inc. | 4.522% | 9/15/48 | 3,898 | 3,328 | ||
Verizon Communications Inc. | 4.000% | 3/22/50 | 4,664 | 3,665 | ||
Verizon Communications Inc. | 2.875% | 11/20/50 | 8,827 | 5,563 | ||
Verizon Communications Inc. | 3.550% | 3/22/51 | 13,550 | 9,783 | ||
Verizon Communications Inc. | 3.875% | 3/1/52 | 1,815 | 1,387 | ||
Verizon Communications Inc. | 5.012% | 8/21/54 | 3,715 | 3,421 | ||
Verizon Communications Inc. | 4.672% | 3/15/55 | 3,165 | 2,735 | ||
Verizon Communications Inc. | 2.987% | 10/30/56 | 8,839 | 5,403 | ||
Verizon Communications Inc. | 3.000% | 11/20/60 | 4,489 | 2,701 | ||
Verizon Communications Inc. | 3.700% | 3/22/61 | 10,001 | 7,035 | ||
Vodafone Group plc | 6.250% | 11/30/32 | 461 | 488 | ||
Vodafone Group plc | 6.150% | 2/27/37 | 3,448 | 3,567 | ||
Vodafone Group plc | 4.375% | 2/19/43 | 3,905 | 3,194 | ||
Vodafone Group plc | 5.250% | 5/30/48 | 300 | 276 | ||
Vodafone Group plc | 4.875% | 6/19/49 | 3,768 | 3,263 | ||
Vodafone Group plc | 4.250% | 9/17/50 | 5,444 | 4,271 | ||
Vodafone Group plc | 5.625% | 2/10/53 | 2,500 | 2,403 | ||
Vodafone Group plc | 5.125% | 6/19/59 | 2,250 | 1,981 | ||
Vodafone Group plc | 5.750% | 2/10/63 | 2,000 | 1,900 | ||
Walt Disney Co. | 6.550% | 3/15/33 | 1,293 | 1,437 | ||
Walt Disney Co. | 6.200% | 12/15/34 | 3,429 | 3,748 | ||
Walt Disney Co. | 6.400% | 12/15/35 | 2,123 | 2,338 | ||
Walt Disney Co. | 6.150% | 3/1/37 | 847 | 906 | ||
Walt Disney Co. | 6.650% | 11/15/37 | 3,956 | 4,483 | ||
Walt Disney Co. | 4.625% | 3/23/40 | 2,677 | 2,505 | ||
Walt Disney Co. | 3.500% | 5/13/40 | 5,445 | 4,408 | ||
Walt Disney Co. | 6.150% | 2/15/41 | 1,942 | 2,114 | ||
Walt Disney Co. | 5.400% | 10/1/43 | 1,605 | 1,616 | ||
Walt Disney Co. | 4.750% | 9/15/44 | 2,122 | 1,970 | ||
Walt Disney Co. | 4.950% | 10/15/45 | 1,125 | 1,066 | ||
Walt Disney Co. | 7.750% | 12/1/45 | 1,021 | 1,300 | ||
Walt Disney Co. | 4.750% | 11/15/46 | 1,219 | 1,134 | ||
Walt Disney Co. | 2.750% | 9/1/49 | 5,478 | 3,636 | ||
Walt Disney Co. | 4.700% | 3/23/50 | 5,210 | 4,875 | ||
Walt Disney Co. | 3.600% | 1/13/51 | 5,919 | 4,589 | ||
Walt Disney Co. | 3.800% | 5/13/60 | 4,273 | 3,322 | ||
2 | Warnermedia Holdings Inc. | 5.050% | 3/15/42 | 15,760 | 12,757 | |
2 | Warnermedia Holdings Inc. | 5.141% | 3/15/52 | 17,255 | 13,559 | |
2 | Warnermedia Holdings Inc. | 5.391% | 3/15/62 | 8,595 | 6,685 | |
721,614 | ||||||
Consumer Discretionary (5.9%) | ||||||
Alibaba Group Holding Ltd. | 4.500% | 11/28/34 | 1,893 | 1,714 | ||
Alibaba Group Holding Ltd. | 4.000% | 12/6/37 | 2,606 | 2,154 | ||
Alibaba Group Holding Ltd. | 2.700% | 2/9/41 | 2,691 | 1,769 | ||
Alibaba Group Holding Ltd. | 4.200% | 12/6/47 | 4,565 | 3,576 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Alibaba Group Holding Ltd. | 3.150% | 2/9/51 | 3,810 | 2,446 | ||
Alibaba Group Holding Ltd. | 4.400% | 12/6/57 | 3,616 | 2,821 | ||
Alibaba Group Holding Ltd. | 3.250% | 2/9/61 | 2,995 | 1,848 | ||
Amazon.com Inc. | 4.800% | 12/5/34 | 3,147 | 3,145 | ||
Amazon.com Inc. | 3.875% | 8/22/37 | 7,493 | 6,619 | ||
Amazon.com Inc. | 2.875% | 5/12/41 | 5,114 | 3,808 | ||
Amazon.com Inc. | 4.950% | 12/5/44 | 3,551 | 3,481 | ||
Amazon.com Inc. | 4.050% | 8/22/47 | 9,545 | 8,235 | ||
Amazon.com Inc. | 2.500% | 6/3/50 | 4,930 | 3,157 | ||
Amazon.com Inc. | 3.100% | 5/12/51 | 6,522 | 4,669 | ||
Amazon.com Inc. | 3.950% | 4/13/52 | 10,135 | 8,510 | ||
Amazon.com Inc. | 4.250% | 8/22/57 | 8,010 | 6,910 | ||
Amazon.com Inc. | 2.700% | 6/3/60 | 4,926 | 3,026 | ||
Amazon.com Inc. | 3.250% | 5/12/61 | 5,503 | 3,805 | ||
Amazon.com Inc. | 4.100% | 4/13/62 | 4,485 | 3,710 | ||
1 | American University | 3.672% | 4/1/49 | 1,321 | 1,052 | |
Aptiv plc | 4.400% | 10/1/46 | 425 | 321 | ||
Aptiv plc | 5.400% | 3/15/49 | 1,418 | 1,232 | ||
Aptiv plc | 3.100% | 12/1/51 | 2,587 | 1,558 | ||
Aptiv plc | 4.150% | 5/1/52 | 4,058 | 2,970 | ||
AutoZone Inc. | 4.750% | 2/1/33 | 500 | 474 | ||
BorgWarner Inc. | 4.375% | 3/15/45 | 1,463 | 1,137 | ||
1 | Brown University | 2.924% | 9/1/50 | 587 | 430 | |
Brunswick Corp. | 4.400% | 9/15/32 | 800 | 680 | ||
Brunswick Corp. | 5.100% | 4/1/52 | 555 | 403 | ||
1 | California Endowment | 2.498% | 4/1/51 | 460 | 298 | |
California Institute of Technology | 4.321% | 8/1/45 | 597 | 533 | ||
California Institute of Technology | 4.700% | 11/1/11 | 913 | 804 | ||
California Institute of Technology | 3.650% | 9/1/19 | 1,874 | 1,278 | ||
1 | Case Western Reserve University | 5.405% | 6/1/22 | 1,045 | 1,009 | |
Claremont Mckenna College | 3.775% | 1/1/22 | 794 | 540 | ||
Cleveland Clinic Foundation | 4.858% | 1/1/14 | 870 | 776 | ||
Darden Restaurants Inc. | 4.550% | 2/15/48 | 665 | 546 | ||
Dick's Sporting Goods Inc. | 4.100% | 1/15/52 | 2,215 | 1,466 | ||
1 | Duke University | 2.682% | 10/1/44 | 1,376 | 1,022 | |
1 | Duke University | 2.832% | 10/1/55 | 3,132 | 2,144 | |
eBay Inc. | 4.000% | 7/15/42 | 802 | 636 | ||
eBay Inc. | 3.650% | 5/10/51 | 4,080 | 2,926 | ||
1 | Emory University | 2.969% | 9/1/50 | 1,165 | 838 | |
1 | Ford Foundation | 2.415% | 6/1/50 | 250 | 162 | |
1 | Ford Foundation | 2.815% | 6/1/70 | 2,603 | 1,586 | |
Fortune Brands Innovations Inc. | 4.500% | 3/25/52 | 1,395 | 1,047 | ||
General Motors Co. | 5.000% | 4/1/35 | 1,455 | 1,292 | ||
General Motors Co. | 6.600% | 4/1/36 | 3,653 | 3,652 | ||
General Motors Co. | 5.150% | 4/1/38 | 1,374 | 1,187 | ||
General Motors Co. | 6.250% | 10/2/43 | 5,457 | 5,136 | ||
General Motors Co. | 5.200% | 4/1/45 | 3,785 | 3,122 | ||
General Motors Co. | 6.750% | 4/1/46 | 2,503 | 2,468 | ||
General Motors Co. | 5.400% | 4/1/48 | 1,886 | 1,571 | ||
General Motors Co. | 5.950% | 4/1/49 | 2,933 | 2,640 | ||
1 | George Washington University | 4.300% | 9/15/44 | 870 | 762 | |
George Washington University | 4.868% | 9/15/45 | 1,517 | 1,434 | ||
1 | George Washington University | 4.126% | 9/15/48 | 1,625 | 1,401 | |
1 | Georgetown University | 4.315% | 4/1/49 | 1,107 | 947 | |
1 | Georgetown University | 2.943% | 4/1/50 | 827 | 549 | |
1 | Georgetown University | 5.215% | 10/1/18 | 805 | 731 | |
Harley-Davidson Inc. | 4.625% | 7/28/45 | 345 | 267 | ||
Hasbro Inc. | 6.350% | 3/15/40 | 1,646 | 1,610 | ||
Hasbro Inc. | 5.100% | 5/15/44 | 1,628 | 1,372 | ||
Home Depot Inc. | 5.875% | 12/16/36 | 8,053 | 8,609 | ||
Home Depot Inc. | 3.300% | 4/15/40 | 3,165 | 2,522 | ||
Home Depot Inc. | 5.400% | 9/15/40 | 2,232 | 2,262 | ||
Home Depot Inc. | 5.950% | 4/1/41 | 3,166 | 3,395 | ||
Home Depot Inc. | 4.200% | 4/1/43 | 2,160 | 1,890 | ||
Home Depot Inc. | 4.875% | 2/15/44 | 4,081 | 3,913 | ||
Home Depot Inc. | 4.400% | 3/15/45 | 1,922 | 1,704 | ||
Home Depot Inc. | 4.250% | 4/1/46 | 6,784 | 5,875 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Home Depot Inc. | 3.900% | 6/15/47 | 2,936 | 2,424 | ||
Home Depot Inc. | 4.500% | 12/6/48 | 5,041 | 4,533 | ||
Home Depot Inc. | 3.125% | 12/15/49 | 1,123 | 794 | ||
Home Depot Inc. | 3.350% | 4/15/50 | 5,886 | 4,366 | ||
Home Depot Inc. | 2.375% | 3/15/51 | 2,584 | 1,549 | ||
Home Depot Inc. | 2.750% | 9/15/51 | 942 | 613 | ||
Home Depot Inc. | 3.625% | 4/15/52 | 6,238 | 4,797 | ||
Home Depot Inc. | 4.950% | 9/15/52 | 3,640 | 3,495 | ||
Home Depot Inc. | 3.500% | 9/15/56 | 2,331 | 1,748 | ||
1 | Howard University | 5.209% | 10/1/52 | 901 | 738 | |
JD.com Inc. | 4.125% | 1/14/50 | 785 | 605 | ||
1 | Johns Hopkins University | 4.083% | 7/1/53 | 1,137 | 987 | |
1 | Johns Hopkins University | 2.813% | 1/1/60 | 1,025 | 663 | |
Lear Corp. | 5.250% | 5/15/49 | 1,900 | 1,605 | ||
Lear Corp. | 3.550% | 1/15/52 | 970 | 606 | ||
Leggett & Platt Inc. | 3.500% | 11/15/51 | 1,570 | 1,111 | ||
Leland Stanford Junior University | 3.647% | 5/1/48 | 1,462 | 1,237 | ||
Leland Stanford Junior University | 2.413% | 6/1/50 | 2,438 | 1,615 | ||
Lowe's Cos. Inc. | 5.000% | 4/15/33 | 3,475 | 3,345 | ||
Lowe's Cos. Inc. | 5.500% | 10/15/35 | 1,070 | 1,065 | ||
Lowe's Cos. Inc. | 5.000% | 4/15/40 | 1,119 | 1,025 | ||
Lowe's Cos. Inc. | 2.800% | 9/15/41 | 2,546 | 1,724 | ||
Lowe's Cos. Inc. | 4.650% | 4/15/42 | 482 | 419 | ||
Lowe's Cos. Inc. | 4.250% | 9/15/44 | 347 | 271 | ||
Lowe's Cos. Inc. | 4.375% | 9/15/45 | 2,000 | 1,635 | ||
Lowe's Cos. Inc. | 3.700% | 4/15/46 | 5,017 | 3,708 | ||
Lowe's Cos. Inc. | 4.050% | 5/3/47 | 3,057 | 2,387 | ||
Lowe's Cos. Inc. | 4.550% | 4/5/49 | 1,985 | 1,639 | ||
Lowe's Cos. Inc. | 5.125% | 4/15/50 | 1,865 | 1,695 | ||
Lowe's Cos. Inc. | 3.000% | 10/15/50 | 2,858 | 1,816 | ||
Lowe's Cos. Inc. | 3.500% | 4/1/51 | 1,181 | 830 | ||
Lowe's Cos. Inc. | 4.250% | 4/1/52 | 3,963 | 3,119 | ||
Lowe's Cos. Inc. | 5.625% | 4/15/53 | 5,513 | 5,293 | ||
Lowe's Cos. Inc. | 4.450% | 4/1/62 | 473 | 369 | ||
Lowe's Cos. Inc. | 5.800% | 9/15/62 | 5,130 | 4,956 | ||
1 | Marriott International Inc. | 2.750% | 10/15/33 | 2,679 | 2,080 | |
Masco Corp. | 4.500% | 5/15/47 | 613 | 498 | ||
Masco Corp. | 3.125% | 2/15/51 | 1,470 | 939 | ||
1 | Massachusetts Institute of Technology | ��3.959% | 7/1/38 | 1,185 | 1,089 | |
1 | Massachusetts Institute of Technology | 2.989% | 7/1/50 | 1,257 | 935 | |
1 | Massachusetts Institute of Technology | 2.294% | 7/1/51 | 487 | 309 | |
Massachusetts Institute of Technology | 3.067% | 4/1/52 | 2,080 | 1,562 | ||
Massachusetts Institute of Technology | 5.600% | 7/1/11 | 2,781 | 3,005 | ||
Massachusetts Institute of Technology | 4.678% | 7/1/14 | 1,310 | 1,188 | ||
Massachusetts Institute of Technology | 3.885% | 7/1/16 | 780 | 588 | ||
1 | McDonald's Corp. | 4.700% | 12/9/35 | 3,300 | 3,118 | |
1 | McDonald's Corp. | 6.300% | 10/15/37 | 550 | 598 | |
1 | McDonald's Corp. | 6.300% | 3/1/38 | 672 | 725 | |
1 | McDonald's Corp. | 5.700% | 2/1/39 | 1,699 | 1,745 | |
1 | McDonald's Corp. | 4.875% | 7/15/40 | 907 | 851 | |
1 | McDonald's Corp. | 3.700% | 2/15/42 | 3,277 | 2,598 | |
1 | McDonald's Corp. | 3.625% | 5/1/43 | 1,908 | 1,487 | |
1 | McDonald's Corp. | 4.600% | 5/26/45 | 1,788 | 1,588 | |
1 | McDonald's Corp. | 4.875% | 12/9/45 | 5,651 | 5,137 | |
1 | McDonald's Corp. | 4.450% | 3/1/47 | 2,585 | 2,237 | |
1 | McDonald's Corp. | 4.450% | 9/1/48 | 1,436 | 1,251 | |
1 | McDonald's Corp. | 3.625% | 9/1/49 | 5,774 | 4,351 | |
1 | McDonald's Corp. | 4.200% | 4/1/50 | 1,993 | 1,656 | |
1 | McDonald's Corp. | 5.150% | 9/9/52 | 2,734 | 2,621 | |
MDC Holdings Inc. | 6.000% | 1/15/43 | 2,299 | 1,936 | ||
NIKE Inc. | 3.250% | 3/27/40 | 3,398 | 2,737 | ||
NIKE Inc. | 3.625% | 5/1/43 | 437 | 358 | ||
NIKE Inc. | 3.875% | 11/1/45 | 1,578 | 1,353 | ||
NIKE Inc. | 3.375% | 11/1/46 | 1,195 | 920 | ||
NIKE Inc. | 3.375% | 3/27/50 | 5,060 | 3,937 | ||
1 | Northeastern University | 2.894% | 10/1/50 | 740 | 506 | |
1 | Northwestern University | 4.643% | 12/1/44 | 1,130 | 1,089 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Northwestern University | 2.640% | 12/1/50 | 815 | 563 | |
1 | Northwestern University | 3.662% | 12/1/57 | 1,876 | 1,526 | |
Owens Corning | 7.000% | 12/1/36 | 977 | 1,065 | ||
Owens Corning | 4.300% | 7/15/47 | 1,262 | 1,007 | ||
Owens Corning | 4.400% | 1/30/48 | 1,813 | 1,466 | ||
President & Fellows of Harvard College | 4.875% | 10/15/40 | 441 | 446 | ||
President & Fellows of Harvard College | 3.150% | 7/15/46 | 1,190 | 924 | ||
President & Fellows of Harvard College | 2.517% | 10/15/50 | 355 | 240 | ||
President & Fellows of Harvard College | 3.745% | 11/15/52 | 2,160 | 1,850 | ||
President & Fellows of Harvard College | 3.300% | 7/15/56 | 1,771 | 1,363 | ||
PulteGroup Inc. | 6.375% | 5/15/33 | 565 | 572 | ||
PulteGroup Inc. | 6.000% | 2/15/35 | 890 | 874 | ||
1 | Rockefeller Foundation | 2.492% | 10/1/50 | 1,220 | 797 | |
Snap-on Inc. | 4.100% | 3/1/48 | 1,008 | 868 | ||
Snap-on Inc. | 3.100% | 5/1/50 | 1,590 | 1,168 | ||
Stanley Black & Decker Inc. | 5.200% | 9/1/40 | 309 | 289 | ||
Stanley Black & Decker Inc. | 4.850% | 11/15/48 | 3,205 | 2,758 | ||
Stanley Black & Decker Inc. | 2.750% | 11/15/50 | 2,926 | 1,755 | ||
Starbucks Corp. | 4.300% | 6/15/45 | 477 | 402 | ||
Starbucks Corp. | 3.750% | 12/1/47 | 3,524 | 2,698 | ||
Starbucks Corp. | 4.500% | 11/15/48 | 2,272 | 1,957 | ||
Starbucks Corp. | 4.450% | 8/15/49 | 2,775 | 2,363 | ||
Starbucks Corp. | 3.350% | 3/12/50 | 1,496 | 1,066 | ||
Starbucks Corp. | 3.500% | 11/15/50 | 2,755 | 2,004 | ||
Thomas Jefferson University | 3.847% | 11/1/57 | 1,673 | 1,240 | ||
TJX Cos. Inc. | 4.500% | 4/15/50 | 789 | 717 | ||
1 | Trustees of Boston College | 3.129% | 7/1/52 | 787 | 562 | |
1 | Trustees of Boston University | 4.061% | 10/1/48 | 818 | 721 | |
Trustees of Princeton University | 5.700% | 3/1/39 | 1,610 | 1,774 | ||
1 | Trustees of Princeton University | 2.516% | 7/1/50 | 489 | 334 | |
Trustees of Princeton University | 4.201% | 3/1/52 | 1,355 | 1,264 | ||
1 | Trustees of the University of Pennsylvania | 2.396% | 10/1/50 | 1,318 | 855 | |
Trustees of the University of Pennsylvania | 4.674% | 9/1/12 | 374 | 330 | ||
Trustees of the University of Pennsylvania | 3.610% | 2/15/19 | 1,105 | 769 | ||
1 | University of Chicago | 2.547% | 4/1/50 | 1,555 | 1,084 | |
University of Chicago | 3.000% | 10/1/52 | 1,589 | 1,161 | ||
1 | University of Chicago | 4.003% | 10/1/53 | 785 | 683 | |
1 | University of Miami | 4.063% | 4/1/52 | 1,355 | 1,144 | |
1 | University of Notre Dame du Lac | 3.438% | 2/15/45 | 1,053 | 856 | |
1 | University of Notre Dame du Lac | 3.394% | 2/15/48 | 914 | 734 | |
1 | University of Southern California | 3.028% | 10/1/39 | 2,442 | 1,959 | |
1 | University of Southern California | 3.841% | 10/1/47 | 1,018 | 873 | |
University of Southern California | 2.805% | 10/1/50 | 607 | 416 | ||
1 | University of Southern California | 2.945% | 10/1/51 | 935 | 648 | |
University of Southern California | 5.250% | 10/1/11 | 876 | 878 | ||
1 | University of Southern California | 3.226% | 10/1/20 | 925 | 571 | |
1 | Washington University | 3.524% | 4/15/54 | 1,795 | 1,435 | |
Washington University | 4.349% | 4/15/22 | 1,335 | 1,089 | ||
Whirlpool Corp. | 4.500% | 6/1/46 | 1,122 | 883 | ||
Whirlpool Corp. | 4.600% | 5/15/50 | 2,150 | 1,742 | ||
1 | William Marsh Rice University | 3.574% | 5/15/45 | 1,365 | 1,143 | |
1 | William Marsh Rice University | 3.774% | 5/15/55 | 633 | 533 | |
1 | Yale University | 2.402% | 4/15/50 | 1,680 | 1,097 | |
344,872 | ||||||
Consumer Staples (7.7%) | ||||||
Altria Group Inc. | 5.800% | 2/14/39 | 6,867 | 6,318 | ||
Altria Group Inc. | 3.400% | 2/4/41 | 1,755 | 1,176 | ||
Altria Group Inc. | 4.250% | 8/9/42 | 1,262 | 944 | ||
Altria Group Inc. | 4.500% | 5/2/43 | 3,884 | 2,949 | ||
Altria Group Inc. | 5.375% | 1/31/44 | 2,900 | 2,525 | ||
Altria Group Inc. | 3.875% | 9/16/46 | 6,335 | 4,236 | ||
Altria Group Inc. | 5.950% | 2/14/49 | 6,010 | 5,378 | ||
Altria Group Inc. | 4.450% | 5/6/50 | 2,098 | 1,487 | ||
Altria Group Inc. | 3.700% | 2/4/51 | 3,278 | 2,079 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Altria Group Inc. | 6.200% | 2/14/59 | 360 | 340 | ||
Altria Group Inc. | 4.000% | 2/4/61 | 3,186 | 2,104 | ||
1 | Anheuser-Busch Cos. LLC | 4.700% | 2/1/36 | 14,747 | 13,837 | |
1 | Anheuser-Busch Cos. LLC | 4.900% | 2/1/46 | 29,238 | 26,842 | |
Anheuser-Busch InBev Finance Inc. | 4.700% | 2/1/36 | 1,714 | 1,612 | ||
Anheuser-Busch InBev Finance Inc. | 4.625% | 2/1/44 | 3,382 | 3,020 | ||
Anheuser-Busch InBev Finance Inc. | 4.900% | 2/1/46 | 4,935 | 4,509 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.875% | 6/15/35 | 1,050 | 1,087 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.375% | 4/15/38 | 4,505 | 4,020 | ||
Anheuser-Busch InBev Worldwide Inc. | 8.200% | 1/15/39 | 4,808 | 6,000 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.450% | 1/23/39 | 5,509 | 5,498 | ||
Anheuser-Busch InBev Worldwide Inc. | 8.000% | 11/15/39 | 2,521 | 3,087 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.350% | 6/1/40 | 4,055 | 3,557 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.950% | 1/15/42 | 1,941 | 1,812 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.600% | 4/15/48 | 8,315 | 7,331 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.439% | 10/6/48 | 2,614 | 2,249 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.550% | 1/23/49 | 11,390 | 11,479 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.500% | 6/1/50 | 3,287 | 2,894 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.750% | 4/15/58 | 3,034 | 2,709 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.800% | 1/23/59 | 4,446 | 4,587 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.600% | 6/1/60 | 1,167 | 1,007 | ||
Archer-Daniels-Midland Co. | 5.935% | 10/1/32 | 440 | 470 | ||
Archer-Daniels-Midland Co. | 5.375% | 9/15/35 | 903 | 928 | ||
Archer-Daniels-Midland Co. | 3.750% | 9/15/47 | 777 | 639 | ||
Archer-Daniels-Midland Co. | 4.500% | 3/15/49 | 3,293 | 3,009 | ||
Archer-Daniels-Midland Co. | 2.700% | 9/15/51 | 2,707 | 1,806 | ||
BAT Capital Corp. | 4.390% | 8/15/37 | 5,951 | 4,617 | ||
BAT Capital Corp. | 3.734% | 9/25/40 | 1,793 | 1,226 | ||
BAT Capital Corp. | 4.540% | 8/15/47 | 4,067 | 2,917 | ||
BAT Capital Corp. | 4.758% | 9/6/49 | 3,420 | 2,536 | ||
BAT Capital Corp. | 5.282% | 4/2/50 | 3,361 | 2,672 | ||
BAT Capital Corp. | 3.984% | 9/25/50 | 3,354 | 2,210 | ||
BAT Capital Corp. | 5.650% | 3/16/52 | 940 | 790 | ||
Brown-Forman Corp. | 4.000% | 4/15/38 | 503 | 442 | ||
Brown-Forman Corp. | 4.500% | 7/15/45 | 1,221 | 1,101 | ||
Campbell Soup Co. | 4.800% | 3/15/48 | 1,709 | 1,522 | ||
Campbell Soup Co. | 3.125% | 4/24/50 | 1,979 | 1,336 | ||
Church & Dwight Co. Inc. | 3.950% | 8/1/47 | 1,162 | 935 | ||
Church & Dwight Co. Inc. | 5.000% | 6/15/52 | 1,550 | 1,472 | ||
Coca-Cola Co. | 2.500% | 6/1/40 | 3,581 | 2,601 | ||
Coca-Cola Co. | 2.875% | 5/5/41 | 2,603 | 1,984 | ||
Coca-Cola Co. | 4.200% | 3/25/50 | 2,038 | 1,875 | ||
Coca-Cola Co. | 2.600% | 6/1/50 | 4,360 | 2,918 | ||
Coca-Cola Co. | 3.000% | 3/5/51 | 3,520 | 2,565 | ||
Coca-Cola Co. | 2.500% | 3/15/51 | 5,347 | 3,499 | ||
Coca-Cola Co. | 2.750% | 6/1/60 | 2,870 | 1,889 | ||
Coca-Cola Femsa SAB de CV | 5.250% | 11/26/43 | 1,435 | 1,430 | ||
1 | Colgate-Palmolive Co. | 4.000% | 8/15/45 | 1,899 | 1,737 | |
1 | Colgate-Palmolive Co. | 3.700% | 8/1/47 | 405 | 356 | |
Conagra Brands Inc. | 5.300% | 11/1/38 | 5,078 | 4,727 | ||
Conagra Brands Inc. | 5.400% | 11/1/48 | 1,774 | 1,616 | ||
Constellation Brands Inc. | 4.500% | 5/9/47 | 687 | 575 | ||
Constellation Brands Inc. | 4.100% | 2/15/48 | 2,157 | 1,693 | ||
Constellation Brands Inc. | 5.250% | 11/15/48 | 3,189 | 2,970 | ||
Constellation Brands Inc. | 3.750% | 5/1/50 | 1,970 | 1,467 | ||
Delhaize America LLC | 9.000% | 4/15/31 | 110 | 133 | ||
Diageo Capital plc | 5.875% | 9/30/36 | 519 | 546 | ||
Diageo Capital plc | 3.875% | 4/29/43 | 2,764 | 2,309 | ||
Diageo Investment Corp. | 7.450% | 4/15/35 | 1,794 | 2,136 | ||
Diageo Investment Corp. | 4.250% | 5/11/42 | 262 | 237 | ||
Dollar General Corp. | 4.125% | 4/3/50 | 3,155 | 2,501 | ||
Dollar Tree Inc. | 3.375% | 12/1/51 | 1,005 | 671 | ||
Estee Lauder Cos. Inc. | 6.000% | 5/15/37 | 977 | 1,054 | ||
Estee Lauder Cos. Inc. | 4.375% | 6/15/45 | 2,083 | 1,869 | ||
Estee Lauder Cos. Inc. | 4.150% | 3/15/47 | 312 | 272 | ||
Estee Lauder Cos. Inc. | 3.125% | 12/1/49 | 2,035 | 1,483 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Fomento Economico Mexicano SAB de CV | 4.375% | 5/10/43 | 1,964 | 1,728 | ||
Fomento Economico Mexicano SAB de CV | 3.500% | 1/16/50 | 7,384 | 5,614 | ||
General Mills Inc. | 5.400% | 6/15/40 | 793 | 786 | ||
General Mills Inc. | 4.700% | 4/17/48 | 300 | 276 | ||
General Mills Inc. | 3.000% | 2/1/51 | 3,111 | 2,186 | ||
GSK Consumer Healthcare Capital US LLC | 4.000% | 3/24/52 | 2,900 | 2,269 | ||
Hershey Co. | 3.375% | 8/15/46 | 1,603 | 1,206 | ||
Hershey Co. | 3.125% | 11/15/49 | 1,216 | 903 | ||
Hormel Foods Corp. | 3.050% | 6/3/51 | 1,621 | 1,128 | ||
Ingredion Inc. | 3.900% | 6/1/50 | 1,131 | 838 | ||
J M Smucker Co. | 4.250% | 3/15/35 | 1,933 | 1,743 | ||
J M Smucker Co. | 2.750% | 9/15/41 | 595 | 414 | ||
J M Smucker Co. | 3.550% | 3/15/50 | 550 | 396 | ||
2 | JBS USA LUX SA | 5.750% | 4/1/33 | 5,710 | 5,339 | |
2 | JBS USA LUX SA | 4.375% | 2/2/52 | 2,525 | 1,793 | |
2 | JBS USA LUX SA | 6.500% | 12/1/52 | 3,030 | 2,874 | |
Kellogg Co. | 4.500% | 4/1/46 | 1,441 | 1,252 | ||
Keurig Dr Pepper Inc. | 4.500% | 11/15/45 | 2,057 | 1,753 | ||
Keurig Dr Pepper Inc. | 4.420% | 12/15/46 | 2,754 | 2,289 | ||
Keurig Dr Pepper Inc. | 3.800% | 5/1/50 | 1,430 | 1,071 | ||
Keurig Dr Pepper Inc. | 3.350% | 3/15/51 | 1,684 | 1,156 | ||
Keurig Dr Pepper Inc. | 4.500% | 4/15/52 | 2,429 | 2,033 | ||
Kimberly-Clark Corp. | 6.625% | 8/1/37 | 2,986 | 3,511 | ||
Kimberly-Clark Corp. | 5.300% | 3/1/41 | 437 | 445 | ||
Kimberly-Clark Corp. | 3.200% | 7/30/46 | 880 | 651 | ||
Kimberly-Clark Corp. | 3.900% | 5/4/47 | 1,205 | 1,004 | ||
Kimberly-Clark Corp. | 2.875% | 2/7/50 | 889 | 626 | ||
Koninklijke Ahold Delhaize NV | 5.700% | 10/1/40 | 822 | 824 | ||
Kraft Heinz Foods Co. | 5.000% | 7/15/35 | 1,475 | 1,415 | ||
Kraft Heinz Foods Co. | 6.875% | 1/26/39 | 2,188 | 2,385 | ||
Kraft Heinz Foods Co. | 6.500% | 2/9/40 | 2,785 | 2,936 | ||
Kraft Heinz Foods Co. | 5.000% | 6/4/42 | 4,554 | 4,139 | ||
Kraft Heinz Foods Co. | 5.200% | 7/15/45 | 5,832 | 5,388 | ||
Kraft Heinz Foods Co. | 4.375% | 6/1/46 | 7,080 | 5,791 | ||
Kraft Heinz Foods Co. | 4.875% | 10/1/49 | 3,675 | 3,224 | ||
Kraft Heinz Foods Co. | 5.500% | 6/1/50 | 3,188 | 3,049 | ||
Kroger Co. | 6.900% | 4/15/38 | 991 | 1,074 | ||
Kroger Co. | 5.400% | 7/15/40 | 353 | 336 | ||
Kroger Co. | 5.000% | 4/15/42 | 1,393 | 1,260 | ||
Kroger Co. | 5.150% | 8/1/43 | 3,091 | 2,839 | ||
Kroger Co. | 3.875% | 10/15/46 | 883 | 672 | ||
Kroger Co. | 4.450% | 2/1/47 | 3,305 | 2,762 | ||
Kroger Co. | 4.650% | 1/15/48 | 1,724 | 1,480 | ||
Kroger Co. | 3.950% | 1/15/50 | 2,367 | 1,831 | ||
McCormick & Co. Inc. | 4.200% | 8/15/47 | 800 | 658 | ||
Mead Johnson Nutrition Co. | 5.900% | 11/1/39 | 1,465 | 1,533 | ||
Molson Coors Beverage Co. | 5.000% | 5/1/42 | 5,029 | 4,500 | ||
Molson Coors Beverage Co. | 4.200% | 7/15/46 | 4,133 | 3,225 | ||
Mondelez International Inc. | 2.625% | 9/4/50 | 2,426 | 1,532 | ||
PepsiCo Inc. | 3.500% | 3/19/40 | 599 | 496 | ||
PepsiCo Inc. | 2.625% | 10/21/41 | 4,318 | 3,168 | ||
PepsiCo Inc. | 4.000% | 3/5/42 | 1,258 | 1,116 | ||
PepsiCo Inc. | 3.600% | 8/13/42 | 1,885 | 1,578 | ||
PepsiCo Inc. | 4.250% | 10/22/44 | 1,056 | 941 | ||
PepsiCo Inc. | 4.450% | 4/14/46 | 3,404 | 3,220 | ||
PepsiCo Inc. | 3.450% | 10/6/46 | 1,860 | 1,501 | ||
PepsiCo Inc. | 4.000% | 5/2/47 | 1,780 | 1,580 | ||
PepsiCo Inc. | 3.375% | 7/29/49 | 2,867 | 2,273 | ||
PepsiCo Inc. | 2.875% | 10/15/49 | 4,144 | 2,981 | ||
PepsiCo Inc. | 3.625% | 3/19/50 | 2,856 | 2,354 | ||
PepsiCo Inc. | 2.750% | 10/21/51 | 1,460 | 1,013 | ||
PepsiCo Inc. | 4.200% | 7/18/52 | 625 | 566 | ||
PepsiCo Inc. | 3.875% | 3/19/60 | 1,580 | 1,331 | ||
Philip Morris International Inc. | 6.375% | 5/16/38 | 5,049 | 5,327 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Philip Morris International Inc. | 4.375% | 11/15/41 | 2,066 | 1,710 | ||
Philip Morris International Inc. | 4.500% | 3/20/42 | 1,870 | 1,560 | ||
Philip Morris International Inc. | 3.875% | 8/21/42 | 442 | 336 | ||
Philip Morris International Inc. | 4.125% | 3/4/43 | 3,950 | 3,118 | ||
Philip Morris International Inc. | 4.875% | 11/15/43 | 3,616 | 3,152 | ||
Philip Morris International Inc. | 4.250% | 11/10/44 | 3,375 | 2,690 | ||
Procter & Gamble Co. | 5.800% | 8/15/34 | 529 | 576 | ||
Procter & Gamble Co. | 5.550% | 3/5/37 | 1,280 | 1,395 | ||
Procter & Gamble Co. | 3.550% | 3/25/40 | 2,155 | 1,849 | ||
Procter & Gamble Co. | 3.500% | 10/25/47 | 2,483 | 2,047 | ||
Procter & Gamble Co. | 3.600% | 3/25/50 | 1,935 | 1,634 | ||
Reynolds American Inc. | 5.700% | 8/15/35 | 3,679 | 3,346 | ||
Reynolds American Inc. | 7.250% | 6/15/37 | 2,070 | 2,183 | ||
Reynolds American Inc. | 6.150% | 9/15/43 | 1,440 | 1,317 | ||
Reynolds American Inc. | 5.850% | 8/15/45 | 6,143 | 5,279 | ||
Sysco Corp. | 5.375% | 9/21/35 | 511 | 504 | ||
Sysco Corp. | 6.600% | 4/1/40 | 3,417 | 3,649 | ||
Sysco Corp. | 4.850% | 10/1/45 | 1,389 | 1,212 | ||
Sysco Corp. | 4.500% | 4/1/46 | 821 | 685 | ||
Sysco Corp. | 4.450% | 3/15/48 | 2,555 | 2,112 | ||
Sysco Corp. | 3.300% | 2/15/50 | 358 | 245 | ||
Sysco Corp. | 6.600% | 4/1/50 | 2,310 | 2,535 | ||
Sysco Corp. | 3.150% | 12/14/51 | 3,415 | 2,239 | ||
Target Corp. | 6.500% | 10/15/37 | 494 | 553 | ||
Target Corp. | 7.000% | 1/15/38 | 2,014 | 2,351 | ||
Target Corp. | 4.000% | 7/1/42 | 685 | 602 | ||
Target Corp. | 3.625% | 4/15/46 | 2,301 | 1,825 | ||
Target Corp. | 3.900% | 11/15/47 | 829 | 680 | ||
Target Corp. | 2.950% | 1/15/52 | 3,568 | 2,431 | ||
Target Corp. | 4.800% | 1/15/53 | 4,140 | 3,864 | ||
Tyson Foods Inc. | 4.875% | 8/15/34 | 1,400 | 1,332 | ||
Tyson Foods Inc. | 5.150% | 8/15/44 | 852 | 775 | ||
Tyson Foods Inc. | 4.550% | 6/2/47 | 1,384 | 1,156 | ||
Tyson Foods Inc. | 5.100% | 9/28/48 | 5,602 | 5,055 | ||
1 | Unilever Capital Corp. | 2.625% | 8/12/51 | 1,195 | 798 | |
Walgreens Boots Alliance Inc. | 4.800% | 11/18/44 | 2,938 | 2,427 | ||
Walgreens Boots Alliance Inc. | 4.100% | 4/15/50 | 2,922 | 2,117 | ||
Walmart Inc. | 5.250% | 9/1/35 | 3,901 | 4,097 | ||
Walmart Inc. | 6.200% | 4/15/38 | 1,712 | 1,924 | ||
Walmart Inc. | 3.950% | 6/28/38 | 4,447 | 4,030 | ||
Walmart Inc. | 5.625% | 4/1/40 | 1,891 | 2,024 | ||
Walmart Inc. | 5.000% | 10/25/40 | 1,763 | 1,760 | ||
Walmart Inc. | 5.625% | 4/15/41 | 2,668 | 2,871 | ||
Walmart Inc. | 2.500% | 9/22/41 | 2,595 | 1,854 | ||
Walmart Inc. | 4.000% | 4/11/43 | 2,557 | 2,247 | ||
Walmart Inc. | 3.625% | 12/15/47 | 1,862 | 1,530 | ||
Walmart Inc. | 4.050% | 6/29/48 | 3,839 | 3,382 | ||
Walmart Inc. | 2.950% | 9/24/49 | 1,183 | 856 | ||
Walmart Inc. | 2.650% | 9/22/51 | 2,473 | 1,676 | ||
Walmart Inc. | 4.500% | 9/9/52 | 4,375 | 4,125 | ||
445,711 | ||||||
Energy (8.8%) | ||||||
Baker Hughes Holdings LLC | 5.125% | 9/15/40 | 3,519 | 3,318 | ||
Baker Hughes Holdings LLC | 4.080% | 12/15/47 | 1,549 | 1,223 | ||
BP Capital Markets America Inc. | 3.060% | 6/17/41 | 3,543 | 2,623 | ||
BP Capital Markets America Inc. | 3.000% | 2/24/50 | 7,620 | 5,180 | ||
BP Capital Markets America Inc. | 2.772% | 11/10/50 | 6,471 | 4,169 | ||
BP Capital Markets America Inc. | 2.939% | 6/4/51 | 6,403 | 4,255 | ||
BP Capital Markets America Inc. | 3.001% | 3/17/52 | 4,417 | 2,962 | ||
BP Capital Markets America Inc. | 3.379% | 2/8/61 | 4,591 | 3,171 | ||
Canadian Natural Resources Ltd. | 6.450% | 6/30/33 | 1,545 | 1,575 | ||
Canadian Natural Resources Ltd. | 5.850% | 2/1/35 | 3,112 | 2,994 | ||
Canadian Natural Resources Ltd. | 6.500% | 2/15/37 | 2,814 | 2,836 | ||
Canadian Natural Resources Ltd. | 6.250% | 3/15/38 | 2,125 | 2,140 | ||
Canadian Natural Resources Ltd. | 6.750% | 2/1/39 | 1,825 | 1,903 | ||
1 | Canadian Natural Resources Ltd. | 4.950% | 6/1/47 | 1,475 | 1,284 | |
Cenovus Energy Inc. | 5.250% | 6/15/37 | 1,575 | 1,439 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Cenovus Energy Inc. | 6.800% | 9/15/37 | 1,723 | 1,774 | ||
Cenovus Energy Inc. | 6.750% | 11/15/39 | 1,258 | 1,314 | ||
Cenovus Energy Inc. | 5.400% | 6/15/47 | 3,045 | 2,742 | ||
Cenovus Energy Inc. | 3.750% | 2/15/52 | 1,153 | 816 | ||
Cheniere Corpus Christi Holdings LLC | 2.742% | 12/31/39 | 3,439 | 2,716 | ||
Chevron Corp. | 3.078% | 5/11/50 | 3,132 | 2,259 | ||
Chevron USA Inc. | 5.250% | 11/15/43 | 2,114 | 2,124 | ||
Chevron USA Inc. | 2.343% | 8/12/50 | 1,773 | 1,106 | ||
Columbia Pipeline Group Inc. | 5.800% | 6/1/45 | 343 | 339 | ||
ConocoPhillips | 5.900% | 5/15/38 | 3,115 | 3,270 | ||
ConocoPhillips | 6.500% | 2/1/39 | 2,739 | 3,092 | ||
ConocoPhillips | 4.875% | 10/1/47 | 570 | 533 | ||
ConocoPhillips Co. | 3.758% | 3/15/42 | 2,831 | 2,323 | ||
ConocoPhillips Co. | 4.300% | 11/15/44 | 1,974 | 1,713 | ||
ConocoPhillips Co. | 3.800% | 3/15/52 | 3,670 | 2,911 | ||
ConocoPhillips Co. | 4.025% | 3/15/62 | 5,936 | 4,704 | ||
Continental Resources Inc. | 4.900% | 6/1/44 | 1,514 | 1,135 | ||
DCP Midstream Operating LP | 5.600% | 4/1/44 | 535 | 500 | ||
Devon Energy Corp. | 5.600% | 7/15/41 | 2,175 | 2,005 | ||
Devon Energy Corp. | 4.750% | 5/15/42 | 1,497 | 1,244 | ||
Devon Energy Corp. | 5.000% | 6/15/45 | 3,775 | 3,203 | ||
Diamondback Energy Inc. | 6.250% | 3/15/33 | 2,825 | 2,880 | ||
Diamondback Energy Inc. | 4.400% | 3/24/51 | 833 | 645 | ||
Diamondback Energy Inc. | 4.250% | 3/15/52 | 3,050 | 2,293 | ||
Diamondback Energy Inc. | 6.250% | 3/15/53 | 2,645 | 2,606 | ||
1 | Eastern Gas Transmission & Storage Inc. | 4.800% | 11/1/43 | 985 | 858 | |
1 | Eastern Gas Transmission & Storage Inc. | 4.600% | 12/15/44 | 625 | 522 | |
1 | Eastern Gas Transmission & Storage Inc. | 3.900% | 11/15/49 | 825 | 598 | |
1 | Enbridge Energy Partners LP | 7.500% | 4/15/38 | 996 | 1,116 | |
Enbridge Energy Partners LP | 5.500% | 9/15/40 | 1,888 | 1,785 | ||
Enbridge Energy Partners LP | 7.375% | 10/15/45 | 1,378 | 1,560 | ||
Enbridge Inc. | 2.500% | 8/1/33 | 2,618 | 2,022 | ||
Enbridge Inc. | 4.500% | 6/10/44 | 515 | 431 | ||
Enbridge Inc. | 5.500% | 12/1/46 | 3,097 | 2,933 | ||
Enbridge Inc. | 4.000% | 11/15/49 | 1,155 | 895 | ||
Enbridge Inc. | 3.400% | 8/1/51 | 1,688 | 1,159 | ||
Energy Transfer LP | 4.900% | 3/15/35 | 2,683 | 2,406 | ||
Energy Transfer LP | 6.625% | 10/15/36 | 2,350 | 2,383 | ||
1 | Energy Transfer LP | 5.800% | 6/15/38 | 1,127 | 1,054 | |
Energy Transfer LP | 7.500% | 7/1/38 | 839 | 910 | ||
Energy Transfer LP | 6.050% | 6/1/41 | 1,529 | 1,466 | ||
Energy Transfer LP | 6.500% | 2/1/42 | 3,887 | 3,867 | ||
Energy Transfer LP | 6.100% | 2/15/42 | 1,939 | 1,822 | ||
Energy Transfer LP | 4.950% | 1/15/43 | 1,648 | 1,343 | ||
Energy Transfer LP | 5.150% | 2/1/43 | 2,950 | 2,480 | ||
Energy Transfer LP | 5.950% | 10/1/43 | 3,043 | 2,827 | ||
Energy Transfer LP | 5.300% | 4/1/44 | 1,430 | 1,228 | ||
Energy Transfer LP | 5.000% | 5/15/44 | 505 | 417 | ||
Energy Transfer LP | 5.150% | 3/15/45 | 4,339 | 3,634 | ||
Energy Transfer LP | 5.350% | 5/15/45 | 1,565 | 1,335 | ||
Energy Transfer LP | 6.125% | 12/15/45 | 4,431 | 4,144 | ||
Energy Transfer LP | 5.300% | 4/15/47 | 3,879 | 3,294 | ||
Energy Transfer LP | 5.400% | 10/1/47 | 2,108 | 1,814 | ||
Energy Transfer LP | 6.000% | 6/15/48 | 2,070 | 1,905 | ||
Energy Transfer LP | 6.250% | 4/15/49 | 2,737 | 2,602 | ||
Energy Transfer LP | 5.000% | 5/15/50 | 3,546 | 2,912 | ||
1 | Enterprise Products Operating LLC | 6.875% | 3/1/33 | 843 | 937 | |
1 | Enterprise Products Operating LLC | 6.650% | 10/15/34 | 722 | 770 | |
Enterprise Products Operating LLC | 7.550% | 4/15/38 | 2,591 | 2,927 | ||
Enterprise Products Operating LLC | 6.125% | 10/15/39 | 2,791 | 2,918 | ||
Enterprise Products Operating LLC | 6.450% | 9/1/40 | 1,030 | 1,093 | ||
Enterprise Products Operating LLC | 5.950% | 2/1/41 | 3,550 | 3,595 | ||
Enterprise Products Operating LLC | 5.700% | 2/15/42 | 565 | 556 | ||
Enterprise Products Operating LLC | 4.850% | 8/15/42 | 3,166 | 2,839 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Enterprise Products Operating LLC | 4.450% | 2/15/43 | 3,889 | 3,322 | ||
Enterprise Products Operating LLC | 4.850% | 3/15/44 | 3,585 | 3,190 | ||
Enterprise Products Operating LLC | 5.100% | 2/15/45 | 4,314 | 3,947 | ||
Enterprise Products Operating LLC | 4.250% | 2/15/48 | 1,955 | 1,587 | ||
Enterprise Products Operating LLC | 4.800% | 2/1/49 | 4,921 | 4,309 | ||
Enterprise Products Operating LLC | 4.200% | 1/31/50 | 4,403 | 3,532 | ||
Enterprise Products Operating LLC | 3.700% | 1/31/51 | 1,273 | 936 | ||
Enterprise Products Operating LLC | 3.200% | 2/15/52 | 1,871 | 1,247 | ||
Enterprise Products Operating LLC | 3.300% | 2/15/53 | 3,727 | 2,531 | ||
Enterprise Products Operating LLC | 4.950% | 10/15/54 | 2,994 | 2,617 | ||
Enterprise Products Operating LLC | 3.950% | 1/31/60 | 585 | 431 | ||
EOG Resources Inc. | 3.900% | 4/1/35 | 2,137 | 1,888 | ||
EOG Resources Inc. | 4.950% | 4/15/50 | 2,425 | 2,336 | ||
Exxon Mobil Corp. | 2.995% | 8/16/39 | 2,260 | 1,736 | ||
Exxon Mobil Corp. | 4.227% | 3/19/40 | 5,062 | 4,549 | ||
Exxon Mobil Corp. | 3.567% | 3/6/45 | 3,688 | 2,922 | ||
Exxon Mobil Corp. | 4.114% | 3/1/46 | 10,222 | 8,747 | ||
Exxon Mobil Corp. | 3.095% | 8/16/49 | 5,729 | 4,115 | ||
Exxon Mobil Corp. | 4.327% | 3/19/50 | 8,801 | 7,812 | ||
Exxon Mobil Corp. | 3.452% | 4/15/51 | 5,587 | 4,260 | ||
Halliburton Co. | 4.850% | 11/15/35 | 5,074 | 4,730 | ||
Halliburton Co. | 6.700% | 9/15/38 | 905 | 970 | ||
Halliburton Co. | 7.450% | 9/15/39 | 1,819 | 2,067 | ||
Halliburton Co. | 4.500% | 11/15/41 | 2,369 | 1,984 | ||
Halliburton Co. | 4.750% | 8/1/43 | 4,056 | 3,484 | ||
Halliburton Co. | 5.000% | 11/15/45 | 5,219 | 4,604 | ||
Hess Corp. | 7.125% | 3/15/33 | 1,505 | 1,615 | ||
Hess Corp. | 6.000% | 1/15/40 | 697 | 685 | ||
Hess Corp. | 5.600% | 2/15/41 | 2,330 | 2,182 | ||
Hess Corp. | 5.800% | 4/1/47 | 3,244 | 3,079 | ||
Kinder Morgan Energy Partners LP | 7.300% | 8/15/33 | 571 | 621 | ||
Kinder Morgan Energy Partners LP | 5.800% | 3/15/35 | 1,555 | 1,517 | ||
Kinder Morgan Energy Partners LP | 6.500% | 2/1/37 | 1,483 | 1,498 | ||
1 | Kinder Morgan Energy Partners LP | 6.950% | 1/15/38 | 3,391 | 3,616 | |
Kinder Morgan Energy Partners LP | 6.500% | 9/1/39 | ��1,540 | 1,569 | ||
Kinder Morgan Energy Partners LP | 6.550% | 9/15/40 | 3,198 | 3,201 | ||
Kinder Morgan Energy Partners LP | 7.500% | 11/15/40 | 2,051 | 2,253 | ||
Kinder Morgan Energy Partners LP | 5.625% | 9/1/41 | 825 | 752 | ||
Kinder Morgan Energy Partners LP | 5.000% | 8/15/42 | 3,500 | 2,991 | ||
Kinder Morgan Energy Partners LP | 4.700% | 11/1/42 | 1,679 | 1,396 | ||
Kinder Morgan Energy Partners LP | 5.000% | 3/1/43 | 1,843 | 1,558 | ||
Kinder Morgan Energy Partners LP | 5.500% | 3/1/44 | 2,993 | 2,694 | ||
Kinder Morgan Energy Partners LP | 5.400% | 9/1/44 | 3,776 | 3,383 | ||
Kinder Morgan Inc. | 5.200% | 6/1/33 | 1,050 | 1,000 | ||
Kinder Morgan Inc. | 5.300% | 12/1/34 | 3,916 | 3,673 | ||
Kinder Morgan Inc. | 5.550% | 6/1/45 | 3,476 | 3,150 | ||
Kinder Morgan Inc. | 5.050% | 2/15/46 | 943 | 796 | ||
Kinder Morgan Inc. | 5.200% | 3/1/48 | 1,241 | 1,078 | ||
Kinder Morgan Inc. | 3.250% | 8/1/50 | 2,713 | 1,716 | ||
Kinder Morgan Inc. | 3.600% | 2/15/51 | 2,594 | 1,755 | ||
Kinder Morgan Inc. | 5.450% | 8/1/52 | 3,160 | 2,818 | ||
Magellan Midstream Partners LP | 5.150% | 10/15/43 | 455 | 400 | ||
Magellan Midstream Partners LP | 4.250% | 9/15/46 | 1,040 | 800 | ||
Magellan Midstream Partners LP | 4.200% | 10/3/47 | 382 | 292 | ||
Magellan Midstream Partners LP | 4.850% | 2/1/49 | 1,359 | 1,151 | ||
Magellan Midstream Partners LP | 3.950% | 3/1/50 | 3,258 | 2,395 | ||
Marathon Oil Corp. | 6.600% | 10/1/37 | 2,220 | 2,212 | ||
Marathon Oil Corp. | 5.200% | 6/1/45 | 754 | 635 | ||
Marathon Petroleum Corp. | 6.500% | 3/1/41 | 2,026 | 2,094 | ||
Marathon Petroleum Corp. | 4.750% | 9/15/44 | 3,901 | 3,256 | ||
Marathon Petroleum Corp. | 4.500% | 4/1/48 | 450 | 360 | ||
Marathon Petroleum Corp. | 5.000% | 9/15/54 | 1,585 | 1,336 | ||
MPLX LP | 4.500% | 4/15/38 | 2,556 | 2,184 | ||
MPLX LP | 5.200% | 3/1/47 | 3,070 | 2,658 | ||
MPLX LP | 5.200% | 12/1/47 | 3,433 | 2,954 | ||
MPLX LP | 4.700% | 4/15/48 | 2,948 | 2,374 | ||
MPLX LP | 5.500% | 2/15/49 | 7,088 | 6,346 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
MPLX LP | 4.950% | 3/14/52 | 2,831 | 2,355 | ||
MPLX LP | 5.650% | 3/1/53 | 1,000 | 921 | ||
MPLX LP | 4.900% | 4/15/58 | 1,899 | 1,520 | ||
NOV Inc. | 3.950% | 12/1/42 | 2,106 | 1,527 | ||
ONEOK Inc. | 6.000% | 6/15/35 | 1,170 | 1,127 | ||
ONEOK Inc. | 4.950% | 7/13/47 | 3,924 | 3,218 | ||
ONEOK Inc. | 5.200% | 7/15/48 | 3,768 | 3,201 | ||
ONEOK Inc. | 4.450% | 9/1/49 | 1,960 | 1,473 | ||
ONEOK Inc. | 4.500% | 3/15/50 | 1,440 | 1,097 | ||
ONEOK Inc. | 7.150% | 1/15/51 | 585 | 613 | ||
ONEOK Partners LP | 6.650% | 10/1/36 | 1,385 | 1,404 | ||
ONEOK Partners LP | 6.850% | 10/15/37 | 506 | 524 | ||
ONEOK Partners LP | 6.125% | 2/1/41 | 1,354 | 1,307 | ||
ONEOK Partners LP | 6.200% | 9/15/43 | 1,165 | 1,126 | ||
Ovintiv Inc. | 6.500% | 8/15/34 | 1,276 | 1,278 | ||
Ovintiv Inc. | 6.625% | 8/15/37 | 2,349 | 2,327 | ||
Ovintiv Inc. | 6.500% | 2/1/38 | 1,676 | 1,648 | ||
Phillips 66 | 4.650% | 11/15/34 | 2,940 | 2,744 | ||
Phillips 66 | 5.875% | 5/1/42 | 2,372 | 2,460 | ||
Phillips 66 | 4.875% | 11/15/44 | 4,926 | 4,489 | ||
Phillips 66 | 3.300% | 3/15/52 | 1,320 | 909 | ||
2 | Phillips 66 Co. | 4.680% | 2/15/45 | 1,607 | 1,406 | |
2 | Phillips 66 Co. | 4.900% | 10/1/46 | 4,059 | 3,586 | |
Plains All American Pipeline LP | 6.650% | 1/15/37 | 1,319 | 1,319 | ||
Plains All American Pipeline LP | 5.150% | 6/1/42 | 2,921 | 2,399 | ||
Plains All American Pipeline LP | 4.300% | 1/31/43 | 1,447 | 1,062 | ||
Plains All American Pipeline LP | 4.700% | 6/15/44 | 647 | 500 | ||
Plains All American Pipeline LP | 4.900% | 2/15/45 | 1,700 | 1,341 | ||
2 | Sabine Pass Liquefaction LLC | 5.900% | 9/15/37 | 1,335 | 1,333 | |
Shell International Finance BV | 4.125% | 5/11/35 | 7,707 | 7,092 | ||
Shell International Finance BV | 6.375% | 12/15/38 | 4,914 | 5,449 | ||
Shell International Finance BV | 5.500% | 3/25/40 | 3,449 | 3,547 | ||
Shell International Finance BV | 2.875% | 11/26/41 | ���1,695 | 1,245 | ||
Shell International Finance BV | 3.625% | 8/21/42 | 573 | 466 | ||
Shell International Finance BV | 4.550% | 8/12/43 | 4,774 | 4,363 | ||
Shell International Finance BV | 4.375% | 5/11/45 | 10,051 | 8,888 | ||
Shell International Finance BV | 4.000% | 5/10/46 | 5,908 | 4,901 | ||
Shell International Finance BV | 3.750% | 9/12/46 | 3,048 | 2,424 | ||
Shell International Finance BV | 3.125% | 11/7/49 | 2,167 | 1,552 | ||
Shell International Finance BV | 3.250% | 4/6/50 | 6,114 | 4,496 | ||
Shell International Finance BV | 3.000% | 11/26/51 | 1,515 | 1,047 | ||
Spectra Energy Partners LP | 5.950% | 9/25/43 | 1,565 | 1,543 | ||
Spectra Energy Partners LP | 4.500% | 3/15/45 | 2,910 | 2,409 | ||
Suncor Energy Inc. | 5.950% | 12/1/34 | 892 | 891 | ||
Suncor Energy Inc. | 6.800% | 5/15/38 | 2,360 | 2,516 | ||
Suncor Energy Inc. | 6.500% | 6/15/38 | 5,037 | 5,171 | ||
Suncor Energy Inc. | 6.850% | 6/1/39 | 1,503 | 1,608 | ||
Suncor Energy Inc. | 4.000% | 11/15/47 | 2,310 | 1,803 | ||
Suncor Energy Inc. | 3.750% | 3/4/51 | 1,305 | 959 | ||
Targa Resources Corp. | 6.125% | 3/15/33 | 1,108 | 1,113 | ||
Targa Resources Corp. | 4.950% | 4/15/52 | 3,900 | 3,126 | ||
Targa Resources Corp. | 6.500% | 2/15/53 | 2,570 | 2,529 | ||
TotalEnergies Capital International SA | 2.986% | 6/29/41 | 559 | 416 | ||
TotalEnergies Capital International SA | 3.461% | 7/12/49 | 1,401 | 1,072 | ||
TotalEnergies Capital International SA | 3.127% | 5/29/50 | 9,151 | 6,528 | ||
TransCanada PipeLines Ltd. | 4.625% | 3/1/34 | 3,402 | 3,098 | ||
TransCanada PipeLines Ltd. | 5.600% | 3/31/34 | 361 | 354 | ||
TransCanada PipeLines Ltd. | 5.850% | 3/15/36 | 2,787 | 2,762 | ||
TransCanada PipeLines Ltd. | 6.200% | 10/15/37 | 3,200 | 3,297 | ||
TransCanada PipeLines Ltd. | 4.750% | 5/15/38 | 653 | 583 | ||
TransCanada PipeLines Ltd. | 7.250% | 8/15/38 | 2,521 | 2,794 | ||
TransCanada PipeLines Ltd. | 7.625% | 1/15/39 | 3,299 | 3,819 | ||
TransCanada PipeLines Ltd. | 6.100% | 6/1/40 | 1,116 | 1,129 | ||
TransCanada PipeLines Ltd. | 5.000% | 10/16/43 | 1,326 | 1,186 | ||
TransCanada PipeLines Ltd. | 4.875% | 5/15/48 | 5,620 | 4,932 | ||
TransCanada PipeLines Ltd. | 5.100% | 3/15/49 | 1,254 | 1,141 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Transcontinental Gas Pipe Line Co. LLC | 5.400% | 8/15/41 | 430 | 412 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.450% | 8/1/42 | 225 | 194 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.600% | 3/15/48 | 3,442 | 2,945 | ||
Transcontinental Gas Pipe Line Co. LLC | 3.950% | 5/15/50 | 3,534 | 2,737 | ||
Valero Energy Corp. | 6.625% | 6/15/37 | 3,317 | 3,526 | ||
Valero Energy Corp. | 3.650% | 12/1/51 | 3,628 | 2,578 | ||
Valero Energy Corp. | 4.000% | 6/1/52 | 3,498 | 2,637 | ||
3 | Williams Cos. Inc. | 5.650% | 3/15/33 | 500 | 500 | |
Williams Cos. Inc. | 6.300% | 4/15/40 | 1,788 | 1,832 | ||
Williams Cos. Inc. | 5.800% | 11/15/43 | 2,334 | 2,251 | ||
Williams Cos. Inc. | 5.400% | 3/4/44 | 626 | 577 | ||
Williams Cos. Inc. | 5.750% | 6/24/44 | 619 | 590 | ||
Williams Cos. Inc. | 4.900% | 1/15/45 | 1,141 | 972 | ||
Williams Cos. Inc. | 5.100% | 9/15/45 | 4,097 | 3,601 | ||
Williams Cos. Inc. | 4.850% | 3/1/48 | 2,460 | 2,110 | ||
Williams Cos. Inc. | 3.500% | 10/15/51 | 1,943 | 1,325 | ||
Williams Cos. Inc. | 5.300% | 8/15/52 | 2,020 | 1,825 | ||
513,647 | ||||||
Financials (13.8%) | ||||||
AerCap Ireland Capital DAC | 3.400% | 10/29/33 | 6,860 | 5,342 | ||
AerCap Ireland Capital DAC | 3.850% | 10/29/41 | 2,623 | 1,911 | ||
Aflac Inc. | 4.000% | 10/15/46 | 1,183 | 942 | ||
Aflac Inc. | 4.750% | 1/15/49 | 1,854 | 1,704 | ||
Alleghany Corp. | 4.900% | 9/15/44 | 1,162 | 1,089 | ||
Alleghany Corp. | 3.250% | 8/15/51 | 510 | 365 | ||
Allstate Corp. | 5.350% | 6/1/33 | 424 | 432 | ||
Allstate Corp. | 5.550% | 5/9/35 | 861 | 884 | ||
Allstate Corp. | 5.950% | 4/1/36 | 1,430 | 1,516 | ||
Allstate Corp. | 4.500% | 6/15/43 | 1,921 | 1,710 | ||
Allstate Corp. | 4.200% | 12/15/46 | 1,700 | 1,413 | ||
Allstate Corp. | 3.850% | 8/10/49 | 2,593 | 2,069 | ||
1 | Allstate Corp. | 6.500% | 5/15/57 | 976 | 947 | |
American Express Co. | 4.050% | 12/3/42 | 1,667 | 1,472 | ||
American Financial Group Inc. | 4.500% | 6/15/47 | 1,248 | 1,034 | ||
American International Group Inc. | 3.875% | 1/15/35 | 397 | 348 | ||
American International Group Inc. | 4.700% | 7/10/35 | 936 | 830 | ||
American International Group Inc. | 6.250% | 5/1/36 | 359 | 379 | ||
American International Group Inc. | 4.500% | 7/16/44 | 2,476 | 2,156 | ||
American International Group Inc. | 4.800% | 7/10/45 | 2,483 | 2,211 | ||
American International Group Inc. | 4.750% | 4/1/48 | 1,895 | 1,687 | ||
American International Group Inc. | 4.375% | 6/30/50 | 4,580 | 3,853 | ||
Aon Corp. | 6.250% | 9/30/40 | 1,602 | 1,658 | ||
Aon Corp. | 2.900% | 8/23/51 | 618 | 399 | ||
Aon Corp. | 3.900% | 2/28/52 | 2,055 | 1,581 | ||
Aon Global Ltd. | 4.600% | 6/14/44 | 1,095 | 955 | ||
Aon Global Ltd. | 4.750% | 5/15/45 | 2,168 | 1,923 | ||
Arch Capital Finance LLC | 5.031% | 12/15/46 | 1,322 | 1,173 | ||
Arch Capital Group Ltd. | 7.350% | 5/1/34 | 667 | 757 | ||
Arch Capital Group Ltd. | 3.635% | 6/30/50 | 2,513 | 1,808 | ||
Arch Capital Group US Inc. | 5.144% | 11/1/43 | 430 | 393 | ||
3 | Arthur J Gallagher & Co. | 5.500% | 3/2/33 | 1,000 | 999 | |
Arthur J Gallagher & Co. | 3.500% | 5/20/51 | 1,710 | 1,213 | ||
Arthur J Gallagher & Co. | 3.050% | 3/9/52 | 465 | 301 | ||
3 | Arthur J Gallagher & Co. | 5.750% | 3/2/53 | 1,075 | 1,068 | |
Assured Guaranty US Holdings Inc. | 3.600% | 9/15/51 | 1,179 | 817 | ||
Athene Holding Ltd. | 3.950% | 5/25/51 | 1,802 | 1,264 | ||
Athene Holding Ltd. | 3.450% | 5/15/52 | 1,991 | 1,267 | ||
Bank of America Corp. | 6.110% | 1/29/37 | 2,946 | 3,029 | ||
1 | Bank of America Corp. | 4.244% | 4/24/38 | 3,279 | 2,837 | |
Bank of America Corp. | 7.750% | 5/14/38 | 6,113 | 7,201 | ||
1 | Bank of America Corp. | 4.078% | 4/23/40 | 6,250 | 5,241 | |
1 | Bank of America Corp. | 2.676% | 6/19/41 | 11,009 | 7,558 | |
1 | Bank of America Corp. | 5.875% | 2/7/42 | 3,533 | 3,686 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Bank of America Corp. | 3.311% | 4/22/42 | 8,605 | 6,410 | ||
1 | Bank of America Corp. | 5.000% | 1/21/44 | 7,537 | 7,147 | |
1 | Bank of America Corp. | 4.875% | 4/1/44 | 1,530 | 1,412 | |
1 | Bank of America Corp. | 4.750% | 4/21/45 | 1,066 | 968 | |
1 | Bank of America Corp. | 4.443% | 1/20/48 | 8,035 | 6,935 | |
1 | Bank of America Corp. | 3.946% | 1/23/49 | 2,552 | 2,029 | |
1 | Bank of America Corp. | 4.330% | 3/15/50 | 11,057 | 9,274 | |
1 | Bank of America Corp. | 4.083% | 3/20/51 | 16,535 | 13,295 | |
1 | Bank of America Corp. | 2.831% | 10/24/51 | 413 | 264 | |
1 | Bank of America Corp. | 3.483% | 3/13/52 | 2,906 | 2,134 | |
Bank of America Corp. | 2.972% | 7/21/52 | 4,883 | 3,191 | ||
1 | Bank of America NA | 6.000% | 10/15/36 | 4,447 | 4,596 | |
Barclays plc | 3.811% | 3/10/42 | 1,445 | 1,048 | ||
Barclays plc | 3.330% | 11/24/42 | 2,275 | 1,631 | ||
Barclays plc | 5.250% | 8/17/45 | 4,156 | 3,866 | ||
Barclays plc | 4.950% | 1/10/47 | 5,917 | 5,291 | ||
Berkshire Hathaway Finance Corp. | 5.750% | 1/15/40 | 1,559 | 1,678 | ||
Berkshire Hathaway Finance Corp. | 4.400% | 5/15/42 | 2,434 | 2,239 | ||
Berkshire Hathaway Finance Corp. | 4.300% | 5/15/43 | 2,816 | 2,534 | ||
Berkshire Hathaway Finance Corp. | 4.200% | 8/15/48 | 8,006 | 7,071 | ||
Berkshire Hathaway Finance Corp. | 4.250% | 1/15/49 | 5,447 | 4,846 | ||
Berkshire Hathaway Finance Corp. | 2.850% | 10/15/50 | 5,623 | 3,795 | ||
Berkshire Hathaway Finance Corp. | 2.500% | 1/15/51 | 926 | 579 | ||
Berkshire Hathaway Finance Corp. | 3.850% | 3/15/52 | 9,350 | 7,541 | ||
Berkshire Hathaway Inc. | 4.500% | 2/11/43 | 1,080 | 999 | ||
Brighthouse Financial Inc. | 4.700% | 6/22/47 | 1,011 | 780 | ||
Brighthouse Financial Inc. | 3.850% | 12/22/51 | 2,565 | 1,687 | ||
Brookfield Finance Inc. | 4.700% | 9/20/47 | 2,734 | 2,325 | ||
Brookfield Finance Inc. | 3.500% | 3/30/51 | 581 | 392 | ||
Brookfield Finance Inc. | 3.625% | 2/15/52 | 2,006 | 1,367 | ||
Brookfield Finance LLC | 3.450% | 4/15/50 | 2,292 | 1,542 | ||
Brown & Brown Inc. | 4.950% | 3/17/52 | 1,663 | 1,399 | ||
Chubb Corp. | 6.000% | 5/11/37 | 1,848 | 1,981 | ||
1 | Chubb Corp. | 6.500% | 5/15/38 | 2,532 | 2,851 | |
Chubb INA Holdings Inc. | 6.700% | 5/15/36 | 1,968 | 2,186 | ||
Chubb INA Holdings Inc. | 4.150% | 3/13/43 | 599 | 521 | ||
Chubb INA Holdings Inc. | 4.350% | 11/3/45 | 2,088 | 1,867 | ||
Chubb INA Holdings Inc. | 2.850% | 12/15/51 | 1,515 | 1,027 | ||
Chubb INA Holdings Inc. | 3.050% | 12/15/61 | 3,363 | 2,197 | ||
CI Financial Corp. | 4.100% | 6/15/51 | 2,748 | 1,650 | ||
Cincinnati Financial Corp. | 6.125% | 11/1/34 | 714 | 749 | ||
Citigroup Inc. | 6.000% | 10/31/33 | 2,459 | 2,497 | ||
Citigroup Inc. | 6.125% | 8/25/36 | 2,398 | 2,436 | ||
1 | Citigroup Inc. | 3.878% | 1/24/39 | 3,473 | 2,856 | |
Citigroup Inc. | 8.125% | 7/15/39 | 5,876 | 7,461 | ||
1 | Citigroup Inc. | 5.316% | 3/26/41 | 2,223 | 2,162 | |
Citigroup Inc. | 5.875% | 1/30/42 | 4,616 | 4,807 | ||
Citigroup Inc. | 2.904% | 11/3/42 | 1,277 | 889 | ||
Citigroup Inc. | 6.675% | 9/13/43 | 2,744 | 3,021 | ||
Citigroup Inc. | 5.300% | 5/6/44 | 3,170 | 2,982 | ||
Citigroup Inc. | 4.650% | 7/30/45 | 2,038 | 1,804 | ||
Citigroup Inc. | 4.750% | 5/18/46 | 5,148 | 4,434 | ||
1 | Citigroup Inc. | 4.281% | 4/24/48 | 1,869 | 1,586 | |
Citigroup Inc. | 4.650% | 7/23/48 | 8,211 | 7,349 | ||
CME Group Inc. | 5.300% | 9/15/43 | 1,843 | 1,881 | ||
CME Group Inc. | 4.150% | 6/15/48 | 1,352 | 1,204 | ||
1 | Cooperatieve Rabobank UA | 5.250% | 5/24/41 | 6,759 | 7,042 | |
Cooperatieve Rabobank UA | 5.750% | 12/1/43 | 2,233 | 2,249 | ||
Cooperatieve Rabobank UA | 5.250% | 8/4/45 | 2,484 | 2,355 | ||
2 | Corebridge Financial Inc. | 4.350% | 4/5/42 | 1,774 | 1,465 | |
2 | Corebridge Financial Inc. | 4.400% | 4/5/52 | 3,395 | 2,696 | |
Credit Suisse Group AG | 4.875% | 5/15/45 | 5,303 | 3,865 | ||
Equitable Holdings Inc. | 5.000% | 4/20/48 | 5,947 | 5,254 | ||
Everest Reinsurance Holdings Inc. | 4.868% | 6/1/44 | 1,382 | 1,237 | ||
Everest Reinsurance Holdings Inc. | 3.500% | 10/15/50 | 1,149 | 805 | ||
Everest Reinsurance Holdings Inc. | 3.125% | 10/15/52 | 4,303 | 2,787 | ||
Fidelity National Financial Inc. | 3.200% | 9/17/51 | 1,213 | 732 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Fifth Third Bancorp | 8.250% | 3/1/38 | 3,921 | 4,886 | ||
1 | First Republic Bank | 4.375% | 8/1/46 | 1,456 | 1,100 | |
1 | First Republic Bank | 4.625% | 2/13/47 | 895 | 707 | |
Franklin Resources Inc. | 2.950% | 8/12/51 | 254 | 162 | ||
GATX Corp. | 5.200% | 3/15/44 | 1,579 | 1,419 | ||
GATX Corp. | 3.100% | 6/1/51 | 1,574 | 994 | ||
Global Payments Inc. | 4.150% | 8/15/49 | 3,020 | 2,185 | ||
Global Payments Inc. | 5.950% | 8/15/52 | 1,925 | 1,776 | ||
Goldman Sachs Capital I | 6.345% | 2/15/34 | 657 | 687 | ||
Goldman Sachs Group Inc. | 6.450% | 5/1/36 | 4,380 | 4,555 | ||
Goldman Sachs Group Inc. | 6.750% | 10/1/37 | 18,207 | 19,388 | ||
1 | Goldman Sachs Group Inc. | 4.017% | 10/31/38 | 4,104 | 3,403 | |
1 | Goldman Sachs Group Inc. | 4.411% | 4/23/39 | 4,442 | 3,850 | |
Goldman Sachs Group Inc. | 6.250% | 2/1/41 | 9,675 | 10,354 | ||
Goldman Sachs Group Inc. | 3.210% | 4/22/42 | 3,468 | 2,515 | ||
Goldman Sachs Group Inc. | 2.908% | 7/21/42 | 2,141 | 1,489 | ||
Goldman Sachs Group Inc. | 3.436% | 2/24/43 | 6,890 | 5,131 | ||
1 | Goldman Sachs Group Inc. | 4.800% | 7/8/44 | 8,278 | 7,428 | |
Goldman Sachs Group Inc. | 5.150% | 5/22/45 | 3,106 | 2,872 | ||
Goldman Sachs Group Inc. | 4.750% | 10/21/45 | 3,581 | 3,198 | ||
Hartford Financial Services Group Inc. | 5.950% | 10/15/36 | 1,146 | 1,179 | ||
Hartford Financial Services Group Inc. | 6.100% | 10/1/41 | 1,461 | 1,498 | ||
Hartford Financial Services Group Inc. | 4.300% | 4/15/43 | 1,415 | 1,174 | ||
Hartford Financial Services Group Inc. | 4.400% | 3/15/48 | 637 | 541 | ||
Hartford Financial Services Group Inc. | 3.600% | 8/19/49 | 1,833 | 1,370 | ||
Hartford Financial Services Group Inc. | 2.900% | 9/15/51 | 1,190 | 771 | ||
1 | HSBC Bank USA NA | 5.875% | 11/1/34 | 265 | 254 | |
1 | HSBC Bank USA NA | 5.625% | 8/15/35 | 815 | 769 | |
1 | HSBC Bank USA NA | 7.000% | 1/15/39 | 2,431 | 2,734 | |
HSBC Holdings plc | 8.113% | 11/3/33 | 3,173 | 3,493 | ||
1 | HSBC Holdings plc | 6.500% | 5/2/36 | 5,199 | 5,294 | |
HSBC Holdings plc | 6.500% | 9/15/37 | 1,568 | 1,624 | ||
1 | HSBC Holdings plc | 6.500% | 9/15/37 | 3,100 | 3,096 | |
1 | HSBC Holdings plc | 6.800% | 6/1/38 | 3,296 | 3,375 | |
HSBC Holdings plc | 6.100% | 1/14/42 | 3,513 | 3,750 | ||
HSBC Holdings plc | 5.250% | 3/14/44 | 4,138 | 3,761 | ||
Intercontinental Exchange Inc. | 4.600% | 3/15/33 | 6,716 | 6,410 | ||
Intercontinental Exchange Inc. | 2.650% | 9/15/40 | 4,530 | 3,185 | ||
Intercontinental Exchange Inc. | 4.250% | 9/21/48 | 4,630 | 3,991 | ||
Intercontinental Exchange Inc. | 3.000% | 6/15/50 | 2,256 | 1,534 | ||
Intercontinental Exchange Inc. | 4.950% | 6/15/52 | 5,349 | 5,057 | ||
Intercontinental Exchange Inc. | 3.000% | 9/15/60 | 1,480 | 936 | ||
Intercontinental Exchange Inc. | 5.200% | 6/15/62 | 4,214 | 4,146 | ||
Invesco Finance plc | 5.375% | 11/30/43 | 298 | 283 | ||
Jackson Financial Inc. | 4.000% | 11/23/51 | 1,385 | 928 | ||
Jefferies Financial Group Inc. | 6.250% | 1/15/36 | 364 | 377 | ||
Jefferies Financial Group Inc. | 6.500% | 1/20/43 | 1,644 | 1,687 | ||
JPMorgan Chase & Co. | 6.400% | 5/15/38 | 8,126 | 8,913 | ||
1 | JPMorgan Chase & Co. | 3.882% | 7/24/38 | 3,400 | 2,832 | |
JPMorgan Chase & Co. | 5.500% | 10/15/40 | 1,000 | 1,011 | ||
1 | JPMorgan Chase & Co. | 3.109% | 4/22/41 | 6,666 | 4,924 | |
JPMorgan Chase & Co. | 5.600% | 7/15/41 | 8,452 | 8,602 | ||
JPMorgan Chase & Co. | 2.525% | 11/19/41 | 2,311 | 1,546 | ||
JPMorgan Chase & Co. | 5.400% | 1/6/42 | 4,866 | 4,835 | ||
JPMorgan Chase & Co. | 3.157% | 4/22/42 | 2,797 | 2,064 | ||
JPMorgan Chase & Co. | 5.625% | 8/16/43 | 4,689 | 4,660 | ||
JPMorgan Chase & Co. | 4.850% | 2/1/44 | 5,886 | 5,514 | ||
JPMorgan Chase & Co. | 4.950% | 6/1/45 | 4,584 | 4,210 | ||
1 | JPMorgan Chase & Co. | 4.260% | 2/22/48 | 6,587 | 5,566 | |
1 | JPMorgan Chase & Co. | 4.032% | 7/24/48 | 2,825 | 2,302 | |
1 | JPMorgan Chase & Co. | 3.964% | 11/15/48 | 6,762 | 5,432 | |
1 | JPMorgan Chase & Co. | 3.897% | 1/23/49 | 3,736 | 2,968 | |
1 | JPMorgan Chase & Co. | 3.109% | 4/22/51 | 6,030 | 4,116 | |
JPMorgan Chase & Co. | 3.328% | 4/22/52 | 12,595 | 8,937 | ||
Legg Mason Inc. | 5.625% | 1/15/44 | 783 | 776 | ||
Lincoln National Corp. | 6.300% | 10/9/37 | 979 | 982 | ||
Lincoln National Corp. | 7.000% | 6/15/40 | 2,728 | 2,948 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Lincoln National Corp. | 4.350% | 3/1/48 | 671 | 521 | ||
Lloyds Banking Group plc | 5.300% | 12/1/45 | 1,191 | 1,072 | ||
Lloyds Banking Group plc | 3.369% | 12/14/46 | 3,260 | 2,211 | ||
Lloyds Banking Group plc | 4.344% | 1/9/48 | 5,885 | 4,532 | ||
Loews Corp. | 4.125% | 5/15/43 | 2,331 | 1,939 | ||
Manulife Financial Corp. | 5.375% | 3/4/46 | 1,865 | 1,888 | ||
Markel Corp. | 5.000% | 4/5/46 | 1,445 | 1,271 | ||
Markel Corp. | 4.300% | 11/1/47 | 1,323 | 1,048 | ||
Markel Corp. | 5.000% | 5/20/49 | 1,763 | 1,580 | ||
Markel Corp. | 4.150% | 9/17/50 | 816 | 633 | ||
Markel Corp. | 3.450% | 5/7/52 | 1,685 | 1,157 | ||
Marsh & McLennan Cos. Inc. | 5.875% | 8/1/33 | 578 | 610 | ||
Marsh & McLennan Cos. Inc. | 4.750% | 3/15/39 | 2,870 | 2,666 | ||
Marsh & McLennan Cos. Inc. | 4.350% | 1/30/47 | 2,625 | 2,240 | ||
Marsh & McLennan Cos. Inc. | 4.200% | 3/1/48 | 655 | 548 | ||
Marsh & McLennan Cos. Inc. | 4.900% | 3/15/49 | 3,232 | 2,979 | ||
Marsh & McLennan Cos. Inc. | 2.900% | 12/15/51 | 850 | 561 | ||
Marsh & McLennan Cos. Inc. | 6.250% | 11/1/52 | 2,110 | 2,341 | ||
Mastercard Inc. | 3.950% | 2/26/48 | 1,675 | 1,443 | ||
Mastercard Inc. | 3.650% | 6/1/49 | 1,765 | 1,445 | ||
Mastercard Inc. | 3.850% | 3/26/50 | 6,415 | 5,382 | ||
Mastercard Inc. | 2.950% | 3/15/51 | 2,460 | 1,761 | ||
MetLife Inc. | 6.375% | 6/15/34 | 1,366 | 1,522 | ||
MetLife Inc. | 5.700% | 6/15/35 | 5,101 | 5,347 | ||
1 | MetLife Inc. | 6.400% | 12/15/36 | 1,167 | 1,170 | |
1 | MetLife Inc. | 10.750% | 8/1/39 | 544 | 733 | |
MetLife Inc. | 5.875% | 2/6/41 | 3,047 | 3,166 | ||
MetLife Inc. | 4.125% | 8/13/42 | 1,088 | 928 | ||
MetLife Inc. | 4.875% | 11/13/43 | 3,448 | 3,217 | ||
MetLife Inc. | 4.721% | 12/15/44 | 2,517 | 2,291 | ||
MetLife Inc. | 4.050% | 3/1/45 | 3,809 | 3,189 | ||
MetLife Inc. | 4.600% | 5/13/46 | 95 | 85 | ||
MetLife Inc. | 5.000% | 7/15/52 | 4,835 | 4,623 | ||
MetLife Inc. | 5.250% | 1/15/54 | 1,970 | 1,928 | ||
Mitsubishi UFJ Financial Group Inc. | 4.286% | 7/26/38 | 1,173 | 1,052 | ||
Mitsubishi UFJ Financial Group Inc. | 4.153% | 3/7/39 | 2,279 | 1,989 | ||
Mitsubishi UFJ Financial Group Inc. | 3.751% | 7/18/39 | 3,116 | 2,623 | ||
1 | Morgan Stanley | 3.971% | 7/22/38 | 7,871 | 6,645 | |
1 | Morgan Stanley | 4.457% | 4/22/39 | 3,983 | 3,539 | |
Morgan Stanley | 3.217% | 4/22/42 | 5,843 | 4,352 | ||
Morgan Stanley | 6.375% | 7/24/42 | 4,636 | 5,103 | ||
Morgan Stanley | 4.300% | 1/27/45 | 6,652 | 5,721 | ||
Morgan Stanley | 4.375% | 1/22/47 | 7,171 | 6,242 | ||
1 | Morgan Stanley | 5.597% | 3/24/51 | 5,898 | 6,097 | |
1 | Morgan Stanley | 2.802% | 1/25/52 | 2,979 | 1,918 | |
Nasdaq Inc. | 2.500% | 12/21/40 | 996 | 647 | ||
Nasdaq Inc. | 3.250% | 4/28/50 | 1,935 | 1,312 | ||
Nasdaq Inc. | 3.950% | 3/7/52 | 2,255 | 1,708 | ||
1 | Nationwide Financial Services Inc. | 6.750% | 5/15/37 | 861 | 854 | |
3 | NatWest Group plc | 6.016% | 3/2/34 | 2,125 | 2,126 | |
Old Republic International Corp. | 3.850% | 6/11/51 | 2,055 | 1,470 | ||
PayPal Holdings Inc. | 3.250% | 6/1/50 | 3,030 | 2,097 | ||
PayPal Holdings Inc. | 5.050% | 6/1/52 | 3,405 | 3,107 | ||
PayPal Holdings Inc. | 5.250% | 6/1/62 | 1,685 | 1,542 | ||
Principal Financial Group Inc. | 6.050% | 10/15/36 | 340 | 355 | ||
Principal Financial Group Inc. | 4.625% | 9/15/42 | 287 | 243 | ||
Principal Financial Group Inc. | 4.350% | 5/15/43 | 1,196 | 978 | ||
Principal Financial Group Inc. | 4.300% | 11/15/46 | 1,645 | 1,354 | ||
Progressive Corp. | 6.625% | 3/1/29 | 1 | 1 | ||
Progressive Corp. | 4.350% | 4/25/44 | 1,490 | 1,293 | ||
Progressive Corp. | 3.700% | 1/26/45 | 1,560 | 1,229 | ||
Progressive Corp. | 4.125% | 4/15/47 | 2,785 | 2,376 | ||
Progressive Corp. | 4.200% | 3/15/48 | 2,800 | 2,400 | ||
Progressive Corp. | 3.950% | 3/26/50 | 687 | 559 | ||
1 | Prudential Financial Inc. | 5.700% | 12/14/36 | 1,770 | 1,840 | |
1 | Prudential Financial Inc. | 6.625% | 12/1/37 | 716 | 792 | |
1 | Prudential Financial Inc. | 3.000% | 3/10/40 | 962 | 718 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Prudential Financial Inc. | 6.625% | 6/21/40 | 585 | 641 | |
1 | Prudential Financial Inc. | 6.200% | 11/15/40 | 545 | 569 | |
1 | Prudential Financial Inc. | 5.100% | 8/15/43 | 516 | 457 | |
1 | Prudential Financial Inc. | 4.600% | 5/15/44 | 2,713 | 2,467 | |
Prudential Financial Inc. | 3.905% | 12/7/47 | 1,935 | 1,528 | ||
1 | Prudential Financial Inc. | 4.418% | 3/27/48 | 1,872 | 1,618 | |
Prudential Financial Inc. | 3.935% | 12/7/49 | 5,246 | 4,155 | ||
1 | Prudential Financial Inc. | 4.350% | 2/25/50 | 1,190 | 1,010 | |
1 | Prudential Financial Inc. | 3.700% | 3/13/51 | 3,118 | 2,381 | |
Raymond James Financial Inc. | 3.750% | 4/1/51 | 4,117 | 3,083 | ||
1 | Regions Bank | 6.450% | 6/26/37 | 1,395 | 1,449 | |
Regions Financial Corp. | 7.375% | 12/10/37 | 705 | 808 | ||
Selective Insurance Group Inc. | 5.375% | 3/1/49 | 685 | 617 | ||
Sumitomo Mitsui Financial Group Inc. | 2.296% | 1/12/41 | 930 | 597 | ||
Sumitomo Mitsui Financial Group Inc. | 2.930% | 9/17/41 | 1,523 | 1,058 | ||
Transatlantic Holdings Inc. | 8.000% | 11/30/39 | 353 | 444 | ||
Travelers Cos. Inc. | 6.750% | 6/20/36 | 1,851 | 2,105 | ||
1 | Travelers Cos. Inc. | 6.250% | 6/15/37 | 1,980 | 2,197 | |
Travelers Cos. Inc. | 5.350% | 11/1/40 | 1,575 | 1,601 | ||
Travelers Cos. Inc. | 4.300% | 8/25/45 | 3,013 | 2,626 | ||
Travelers Cos. Inc. | 3.750% | 5/15/46 | 330 | 260 | ||
Travelers Cos. Inc. | 4.000% | 5/30/47 | 2,214 | 1,850 | ||
Travelers Cos. Inc. | 4.050% | 3/7/48 | 896 | 752 | ||
Travelers Cos. Inc. | 4.100% | 3/4/49 | 2,296 | 1,937 | ||
Travelers Cos. Inc. | 2.550% | 4/27/50 | 1,100 | 705 | ||
Travelers Cos. Inc. | 3.050% | 6/8/51 | 965 | 673 | ||
Travelers Property Casualty Corp. | 6.375% | 3/15/33 | 488 | 542 | ||
Unum Group | 5.750% | 8/15/42 | 1,079 | 992 | ||
Unum Group | 4.500% | 12/15/49 | 1,818 | 1,365 | ||
Unum Group | 4.125% | 6/15/51 | 1,691 | 1,212 | ||
Visa Inc. | 4.150% | 12/14/35 | 7,442 | 6,998 | ||
Visa Inc. | 2.700% | 4/15/40 | 3,086 | 2,312 | ||
Visa Inc. | 4.300% | 12/14/45 | 8,558 | 7,731 | ||
Visa Inc. | 3.650% | 9/15/47 | 1,420 | 1,175 | ||
Voya Financial Inc. | 5.700% | 7/15/43 | 1,587 | 1,524 | ||
Voya Financial Inc. | 4.800% | 6/15/46 | 492 | 411 | ||
W R Berkley Corp. | 4.750% | 8/1/44 | 1,069 | 955 | ||
W R Berkley Corp. | 4.000% | 5/12/50 | 1,770 | 1,385 | ||
W R Berkley Corp. | 3.150% | 9/30/61 | 980 | 611 | ||
Wachovia Corp. | 7.500% | 4/15/35 | 305 | 348 | ||
Wachovia Corp. | 5.500% | 8/1/35 | 681 | 671 | ||
1 | Wells Fargo & Co. | 3.068% | 4/30/41 | 14,348 | 10,436 | |
Wells Fargo & Co. | 5.375% | 11/2/43 | 7,907 | 7,481 | ||
Wells Fargo & Co. | 5.606% | 1/15/44 | 8,685 | 8,461 | ||
1 | Wells Fargo & Co. | 4.650% | 11/4/44 | 9,295 | 7,944 | |
Wells Fargo & Co. | 3.900% | 5/1/45 | 8,091 | 6,421 | ||
1 | Wells Fargo & Co. | 4.900% | 11/17/45 | 5,461 | 4,826 | |
1 | Wells Fargo & Co. | 4.400% | 6/14/46 | 3,171 | 2,593 | |
1 | Wells Fargo & Co. | 4.750% | 12/7/46 | 2,888 | 2,475 | |
1 | Wells Fargo & Co. | 5.013% | 4/4/51 | 12,146 | 11,186 | |
1 | Wells Fargo & Co. | 4.611% | 4/25/53 | 12,974 | 11,245 | |
Wells Fargo Bank NA | 5.950% | 8/26/36 | 536 | 551 | ||
1 | Wells Fargo Bank NA | 5.850% | 2/1/37 | 1,913 | 1,945 | |
1 | Wells Fargo Bank NA | 6.600% | 1/15/38 | 2,103 | 2,287 | |
Western Union Co. | 6.200% | 11/17/36 | 1,507 | 1,486 | ||
Westpac Banking Corp. | 4.421% | 7/24/39 | 3,213 | 2,712 | ||
Westpac Banking Corp. | 2.963% | 11/16/40 | 638 | 433 | ||
Westpac Banking Corp. | 3.133% | 11/18/41 | 3,165 | 2,170 | ||
Willis North America Inc. | 5.050% | 9/15/48 | 1,559 | 1,352 | ||
Willis North America Inc. | 3.875% | 9/15/49 | 979 | 714 | ||
XLIT Ltd. | 5.250% | 12/15/43 | 1,147 | 1,129 | ||
XLIT Ltd. | 5.500% | 3/31/45 | 380 | 372 | ||
805,374 | ||||||
Health Care (15.0%) | ||||||
4 | Abbott Laboratories | 4.750% | 11/30/36 | 4,441 | 4,415 | |
Abbott Laboratories | 6.150% | 11/30/37 | 2,023 | 2,256 | ||
Abbott Laboratories | 6.000% | 4/1/39 | 2,353 | 2,607 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Abbott Laboratories | 5.300% | 5/27/40 | 2,396 | 2,468 | ||
Abbott Laboratories | 4.750% | 4/15/43 | 2,569 | 2,480 | ||
Abbott Laboratories | 4.900% | 11/30/46 | 7,838 | 7,709 | ||
AbbVie Inc. | 4.550% | 3/15/35 | 4,886 | 4,543 | ||
AbbVie Inc. | 4.500% | 5/14/35 | 7,375 | 6,840 | ||
AbbVie Inc. | 4.300% | 5/14/36 | 5,271 | 4,735 | ||
AbbVie Inc. | 4.050% | 11/21/39 | 9,786 | 8,273 | ||
AbbVie Inc. | 4.625% | 10/1/42 | 657 | 581 | ||
AbbVie Inc. | 4.400% | 11/6/42 | 6,473 | 5,614 | ||
AbbVie Inc. | 4.850% | 6/15/44 | 5,353 | 4,862 | ||
AbbVie Inc. | 4.750% | 3/15/45 | 1,262 | 1,130 | ||
AbbVie Inc. | 4.700% | 5/14/45 | 8,650 | 7,663 | ||
AbbVie Inc. | 4.450% | 5/14/46 | 5,798 | 4,964 | ||
AbbVie Inc. | 4.875% | 11/14/48 | 4,216 | 3,861 | ||
AbbVie Inc. | 4.250% | 11/21/49 | 15,302 | 12,735 | ||
1 | AdventHealth Obligated Group | 2.795% | 11/15/51 | 745 | 497 | |
Adventist Health System | 3.630% | 3/1/49 | 860 | 624 | ||
Advocate Health & Hospitals Corp. | 4.272% | 8/15/48 | 514 | 446 | ||
Advocate Health & Hospitals Corp. | 3.387% | 10/15/49 | 990 | 729 | ||
1 | Advocate Health & Hospitals Corp. | 3.008% | 6/15/50 | 2,258 | 1,550 | |
Aetna Inc. | 6.625% | 6/15/36 | 2,184 | 2,349 | ||
Aetna Inc. | 6.750% | 12/15/37 | 957 | 1,020 | ||
Aetna Inc. | 4.500% | 5/15/42 | 1,935 | 1,671 | ||
Aetna Inc. | 4.125% | 11/15/42 | 1,032 | 842 | ||
Aetna Inc. | 4.750% | 3/15/44 | 2,478 | 2,169 | ||
Aetna Inc. | 3.875% | 8/15/47 | 2,096 | 1,576 | ||
AHS Hospital Corp. | 5.024% | 7/1/45 | 1,553 | 1,522 | ||
1 | AHS Hospital Corp. | 2.780% | 7/1/51 | 605 | 391 | |
1 | Allina Health System | 3.887% | 4/15/49 | 827 | 672 | |
1 | Allina Health System | 2.902% | 11/15/51 | 1,060 | 693 | |
AmerisourceBergen Corp. | 4.250% | 3/1/45 | 973 | 810 | ||
AmerisourceBergen Corp. | 4.300% | 12/15/47 | 2,121 | 1,781 | ||
3 | Amgen Inc. | 5.250% | 3/2/33 | 7,000 | 6,948 | |
Amgen Inc. | 6.375% | 6/1/37 | 420 | 450 | ||
Amgen Inc. | 6.400% | 2/1/39 | 964 | 1,026 | ||
Amgen Inc. | 3.150% | 2/21/40 | 3,530 | 2,595 | ||
Amgen Inc. | 5.750% | 3/15/40 | 1,399 | 1,382 | ||
Amgen Inc. | 2.800% | 8/15/41 | 4,096 | 2,817 | ||
Amgen Inc. | 4.950% | 10/1/41 | 3,376 | 3,081 | ||
Amgen Inc. | 5.150% | 11/15/41 | 1,034 | 957 | ||
Amgen Inc. | 5.650% | 6/15/42 | 1,220 | 1,216 | ||
3 | Amgen Inc. | 5.600% | 3/2/43 | 7,000 | 6,915 | |
Amgen Inc. | 4.400% | 5/1/45 | 6,904 | 5,774 | ||
Amgen Inc. | 4.563% | 6/15/48 | 2,991 | 2,570 | ||
Amgen Inc. | 3.375% | 2/21/50 | 7,163 | 4,994 | ||
Amgen Inc. | 4.663% | 6/15/51 | 11,022 | 9,517 | ||
Amgen Inc. | 3.000% | 1/15/52 | 2,529 | 1,618 | ||
Amgen Inc. | 4.200% | 2/22/52 | 5,644 | 4,543 | ||
Amgen Inc. | 4.875% | 3/1/53 | 2,729 | 2,428 | ||
3 | Amgen Inc. | 5.650% | 3/2/53 | 10,750 | 10,662 | |
Amgen Inc. | 2.770% | 9/1/53 | 2,036 | 1,229 | ||
Amgen Inc. | 4.400% | 2/22/62 | 3,110 | 2,496 | ||
3 | Amgen Inc. | 5.750% | 3/2/63 | 7,500 | 7,396 | |
1 | Ascension Health | 3.106% | 11/15/39 | 2,404 | 1,876 | |
Ascension Health | 3.945% | 11/15/46 | 3,848 | 3,254 | ||
1 | Ascension Health | 4.847% | 11/15/53 | 330 | 325 | |
AstraZeneca plc | 6.450% | 9/15/37 | 7,802 | 8,798 | ||
AstraZeneca plc | 4.000% | 9/18/42 | 2,609 | 2,279 | ||
AstraZeneca plc | 4.375% | 11/16/45 | 3,977 | 3,605 | ||
AstraZeneca plc | 4.375% | 8/17/48 | 1,399 | 1,265 | ||
AstraZeneca plc | 2.125% | 8/6/50 | 1,355 | 808 | ||
AstraZeneca plc | 3.000% | 5/28/51 | 3,035 | 2,177 | ||
Banner Health | 2.907% | 1/1/42 | 735 | 543 | ||
1 | Banner Health | 3.181% | 1/1/50 | 440 | 315 | |
Banner Health | 2.913% | 1/1/51 | 1,664 | 1,116 | ||
1 | Baptist Health South Florida Obligated Group | 3.115% | 11/15/71 | 925 | 566 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Baptist Healthcare System Obligated Group | 3.540% | 8/15/50 | 756 | 552 | |
Baxalta Inc. | 5.250% | 6/23/45 | 2,205 | 2,094 | ||
Baxter International Inc. | 3.500% | 8/15/46 | 1,429 | 992 | ||
Baxter International Inc. | 3.132% | 12/1/51 | 5,842 | 3,542 | ||
1 | BayCare Health System Inc. | 3.831% | 11/15/50 | 1,363 | 1,113 | |
Baylor Scott & White Holdings | 4.185% | 11/15/45 | 1,716 | 1,490 | ||
Baylor Scott & White Holdings | 3.967% | 11/15/46 | 1,008 | 837 | ||
1 | Baylor Scott & White Holdings | 2.839% | 11/15/50 | 1,882 | 1,271 | |
Becton Dickinson & Co. | 4.685% | 12/15/44 | 1,652 | 1,465 | ||
Becton Dickinson & Co. | 4.669% | 6/6/47 | 4,571 | 4,018 | ||
Becton Dickinson & Co. | 3.794% | 5/20/50 | 2,599 | 1,998 | ||
1 | Beth Israel Lahey Health Inc. | 3.080% | 7/1/51 | 1,320 | 864 | |
1 | BHSH System Obligated Group | 3.487% | 7/15/49 | 1,135 | 857 | |
Biogen Inc. | 3.150% | 5/1/50 | 5,669 | 3,756 | ||
Biogen Inc. | 3.250% | 2/15/51 | 2,400 | 1,616 | ||
1 | Bon Secours Mercy Health Inc. | 3.205% | 6/1/50 | 860 | 601 | |
Boston Scientific Corp. | 4.550% | 3/1/39 | 589 | 532 | ||
Boston Scientific Corp. | 7.375% | 1/15/40 | 1,205 | 1,413 | ||
Boston Scientific Corp. | 4.700% | 3/1/49 | 2,165 | 1,961 | ||
Bristol-Myers Squibb Co. | 4.125% | 6/15/39 | 3,851 | 3,440 | ||
Bristol-Myers Squibb Co. | 2.350% | 11/13/40 | 2,577 | 1,760 | ||
Bristol-Myers Squibb Co. | 3.550% | 3/15/42 | 1,637 | 1,328 | ||
Bristol-Myers Squibb Co. | 3.250% | 8/1/42 | 1,940 | 1,490 | ||
Bristol-Myers Squibb Co. | 4.500% | 3/1/44 | 690 | 626 | ||
Bristol-Myers Squibb Co. | 4.625% | 5/15/44 | 3,345 | 3,095 | ||
Bristol-Myers Squibb Co. | 4.350% | 11/15/47 | 4,629 | 4,075 | ||
Bristol-Myers Squibb Co. | 4.550% | 2/20/48 | 6,498 | 5,906 | ||
Bristol-Myers Squibb Co. | 4.250% | 10/26/49 | 10,782 | 9,309 | ||
Bristol-Myers Squibb Co. | 2.550% | 11/13/50 | 2,443 | 1,545 | ||
Bristol-Myers Squibb Co. | 3.700% | 3/15/52 | 6,504 | 5,132 | ||
Bristol-Myers Squibb Co. | 3.900% | 3/15/62 | 3,686 | 2,886 | ||
Cardinal Health Inc. | 4.600% | 3/15/43 | 620 | 524 | ||
Cardinal Health Inc. | 4.500% | 11/15/44 | 934 | 775 | ||
Cardinal Health Inc. | 4.900% | 9/15/45 | 2,223 | 1,925 | ||
Cardinal Health Inc. | 4.368% | 6/15/47 | 1,269 | 1,019 | ||
1 | Catholic Health Services of Long Island Obligated Group | 3.368% | 7/1/50 | 1,220 | 864 | |
Children's Health System of Texas | 2.511% | 8/15/50 | 1,305 | 810 | ||
1 | Children's Hospital | 2.928% | 7/15/50 | 840 | 550 | |
1 | Children's Hospital Corp. | 4.115% | 1/1/47 | 1,054 | 919 | |
1 | Children's Hospital Corp. | 2.585% | 2/1/50 | 611 | 390 | |
Children's Hospital Medical Center | 4.268% | 5/15/44 | 843 | 755 | ||
1 | Children's Hospital of Philadelphia | 2.704% | 7/1/50 | 1,277 | 831 | |
Cigna Group | 4.800% | 8/15/38 | 7,039 | 6,469 | ||
Cigna Group | 3.200% | 3/15/40 | 1,213 | 905 | ||
1 | Cigna Group | 6.125% | 11/15/41 | 1,036 | 1,109 | |
1 | Cigna Group | 4.800% | 7/15/46 | 4,458 | 3,925 | |
1 | Cigna Group | 3.875% | 10/15/47 | 3,228 | 2,468 | |
Cigna Group | 4.900% | 12/15/48 | 7,818 | 7,035 | ||
Cigna Group | 3.400% | 3/15/50 | 3,983 | 2,802 | ||
Cigna Group | 3.400% | 3/15/51 | 4,020 | 2,828 | ||
1 | City of Hope | 5.623% | 11/15/43 | 856 | 844 | |
1 | City of Hope | 4.378% | 8/15/48 | 1,105 | 931 | |
1 | CommonSpirit Health | 4.350% | 11/1/42 | 3,213 | 2,709 | |
CommonSpirit Health | 3.817% | 10/1/49 | 1,760 | 1,333 | ||
CommonSpirit Health | 4.187% | 10/1/49 | 694 | 552 | ||
CommonSpirit Health | 3.910% | 10/1/50 | 1,912 | 1,456 | ||
1 | Community Health Network Inc. | 3.099% | 5/1/50 | 1,327 | 872 | |
1 | Cottage Health Obligated Group | 3.304% | 11/1/49 | 1,444 | 1,048 | |
CVS Health Corp. | 4.875% | 7/20/35 | 2,702 | 2,540 | ||
CVS Health Corp. | 4.780% | 3/25/38 | 11,541 | 10,476 | ||
CVS Health Corp. | 6.125% | 9/15/39 | 1,313 | 1,336 | ||
CVS Health Corp. | 4.125% | 4/1/40 | 3,884 | 3,182 | ||
CVS Health Corp. | 2.700% | 8/21/40 | 3,753 | 2,538 | ||
CVS Health Corp. | 5.300% | 12/5/43 | 2,632 | 2,452 | ||
CVS Health Corp. | 5.125% | 7/20/45 | 12,201 | 10,993 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
CVS Health Corp. | 5.050% | 3/25/48 | 21,527 | 19,298 | ||
CVS Health Corp. | 4.250% | 4/1/50 | 1,430 | 1,141 | ||
Danaher Corp. | 4.375% | 9/15/45 | 1,430 | 1,263 | ||
Danaher Corp. | 2.600% | 10/1/50 | 3,190 | 2,033 | ||
Danaher Corp. | 2.800% | 12/10/51 | 1,480 | 978 | ||
1 | Dartmouth-Hitchcock Health | 4.178% | 8/1/48 | 1,582 | 1,307 | |
DH Europe Finance II Sarl | 3.250% | 11/15/39 | 3,182 | 2,537 | ||
DH Europe Finance II Sarl | 3.400% | 11/15/49 | 2,990 | 2,258 | ||
Dignity Health | 4.500% | 11/1/42 | 1,648 | 1,417 | ||
Dignity Health | 5.267% | 11/1/64 | 950 | 874 | ||
1 | Duke University Health System Inc. | 3.920% | 6/1/47 | 1,667 | 1,409 | |
Elevance Health Inc. | 5.950% | 12/15/34 | 1,444 | 1,504 | ||
Elevance Health Inc. | 5.850% | 1/15/36 | 1,920 | 1,981 | ||
Elevance Health Inc. | 4.625% | 5/15/42 | 2,697 | 2,434 | ||
Elevance Health Inc. | 4.650% | 1/15/43 | 1,105 | 990 | ||
Elevance Health Inc. | 5.100% | 1/15/44 | 4,120 | 3,867 | ||
Elevance Health Inc. | 4.650% | 8/15/44 | 3,391 | 2,981 | ||
Elevance Health Inc. | 4.375% | 12/1/47 | 2,175 | 1,838 | ||
Elevance Health Inc. | 4.550% | 3/1/48 | 3,590 | 3,096 | ||
Elevance Health Inc. | 3.700% | 9/15/49 | 3,992 | 3,008 | ||
Elevance Health Inc. | 3.125% | 5/15/50 | 3,163 | 2,188 | ||
Elevance Health Inc. | 3.600% | 3/15/51 | 4,169 | 3,110 | ||
Elevance Health Inc. | 4.550% | 5/15/52 | 1,659 | 1,440 | ||
Elevance Health Inc. | 5.125% | 2/15/53 | 2,325 | 2,203 | ||
Eli Lilly & Co. | 3.700% | 3/1/45 | 540 | 457 | ||
Eli Lilly & Co. | 3.950% | 5/15/47 | 650 | 577 | ||
Eli Lilly & Co. | 3.950% | 3/15/49 | 728 | 644 | ||
Eli Lilly & Co. | 2.250% | 5/15/50 | 5,680 | 3,570 | ||
Eli Lilly & Co. | 4.150% | 3/15/59 | 1,477 | 1,288 | ||
Eli Lilly & Co. | 2.500% | 9/15/60 | 3,710 | 2,249 | ||
1 | Franciscan Missionaries of Our Lady Health System Inc. | 3.914% | 7/1/49 | 960 | 734 | |
2 | GE HealthCare Technologies Inc. | 6.377% | 11/22/52 | 3,015 | 3,255 | |
Gilead Sciences Inc. | 4.600% | 9/1/35 | 3,788 | 3,596 | ||
Gilead Sciences Inc. | 4.000% | 9/1/36 | 1,142 | 1,006 | ||
Gilead Sciences Inc. | 2.600% | 10/1/40 | 3,177 | 2,214 | ||
Gilead Sciences Inc. | 5.650% | 12/1/41 | 4,783 | 4,906 | ||
Gilead Sciences Inc. | 4.800% | 4/1/44 | 5,645 | 5,197 | ||
Gilead Sciences Inc. | 4.500% | 2/1/45 | 3,419 | 3,005 | ||
Gilead Sciences Inc. | 4.750% | 3/1/46 | 5,336 | 4,827 | ||
Gilead Sciences Inc. | 4.150% | 3/1/47 | 3,582 | 2,998 | ||
Gilead Sciences Inc. | 2.800% | 10/1/50 | 3,851 | 2,502 | ||
GlaxoSmithKline Capital Inc. | 6.375% | 5/15/38 | 8,103 | 9,158 | ||
GlaxoSmithKline Capital Inc. | 4.200% | 3/18/43 | 1,519 | 1,318 | ||
1 | Hackensack Meridian Health Inc. | 2.675% | 9/1/41 | 822 | 583 | |
Hackensack Meridian Health Inc. | 4.211% | 7/1/48 | 1,250 | 1,077 | ||
1 | Hackensack Meridian Health Inc. | 2.875% | 9/1/50 | 1,260 | 843 | |
Hackensack Meridian Health Inc. | 4.500% | 7/1/57 | 1,458 | 1,298 | ||
1 | Hartford HealthCare Corp. | 3.447% | 7/1/54 | 651 | 465 | |
HCA Inc. | 5.125% | 6/15/39 | 3,855 | 3,427 | ||
2 | HCA Inc. | 4.375% | 3/15/42 | 3,200 | 2,564 | |
HCA Inc. | 5.500% | 6/15/47 | 3,790 | 3,410 | ||
HCA Inc. | 5.250% | 6/15/49 | 5,550 | 4,792 | ||
HCA Inc. | 3.500% | 7/15/51 | 3,106 | 2,026 | ||
2 | HCA Inc. | 4.625% | 3/15/52 | 4,912 | 3,864 | |
Humana Inc. | 5.875% | 3/1/33 | 1,305 | 1,341 | ||
Humana Inc. | 4.625% | 12/1/42 | 633 | 552 | ||
Humana Inc. | 4.950% | 10/1/44 | 3,852 | 3,455 | ||
Humana Inc. | 4.800% | 3/15/47 | 1,495 | 1,319 | ||
Humana Inc. | 3.950% | 8/15/49 | 1,085 | 850 | ||
3 | Humana Inc. | 5.500% | 3/15/53 | 1,200 | 1,161 | |
IHC Health Services Inc. | 4.131% | 5/15/48 | 500 | 423 | ||
Indiana University Health Inc. Obligated Group | 3.970% | 11/1/48 | 2,036 | 1,698 | ||
1 | Indiana University Health Inc. Obligated Group | 2.852% | 11/1/51 | 425 | 286 | |
Inova Health System Foundation | 4.068% | 5/15/52 | 1,190 | 1,003 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Integris Baptist Medical Center Inc. | 3.875% | 8/15/50 | 422 | 314 | |
1 | Iowa Health System | 3.665% | 2/15/50 | 480 | 360 | |
Johns Hopkins Health System Corp. | 3.837% | 5/15/46 | 2,146 | 1,783 | ||
Johnson & Johnson | 4.950% | 5/15/33 | 2,183 | 2,286 | ||
Johnson & Johnson | 4.375% | 12/5/33 | 1,987 | 1,963 | ||
Johnson & Johnson | 3.550% | 3/1/36 | 4,412 | 3,904 | ||
Johnson & Johnson | 3.625% | 3/3/37 | 4,067 | 3,594 | ||
Johnson & Johnson | 5.950% | 8/15/37 | 2,787 | 3,094 | ||
Johnson & Johnson | 3.400% | 1/15/38 | 1,631 | 1,387 | ||
Johnson & Johnson | 5.850% | 7/15/38 | 2,392 | 2,655 | ||
Johnson & Johnson | 2.100% | 9/1/40 | 3,002 | 2,059 | ||
Johnson & Johnson | 4.500% | 9/1/40 | 1,977 | 1,900 | ||
Johnson & Johnson | 4.850% | 5/15/41 | 2,021 | 2,014 | ||
Johnson & Johnson | 4.500% | 12/5/43 | 2,115 | 2,050 | ||
Johnson & Johnson | 3.700% | 3/1/46 | 5,868 | 4,936 | ||
Johnson & Johnson | 3.750% | 3/3/47 | 2,483 | 2,109 | ||
Johnson & Johnson | 3.500% | 1/15/48 | 1,085 | 893 | ||
Johnson & Johnson | 2.250% | 9/1/50 | 1,734 | 1,101 | ||
Johnson & Johnson | 2.450% | 9/1/60 | 2,735 | 1,674 | ||
1 | Kaiser Foundation Hospitals | 2.810% | 6/1/41 | 1,322 | 970 | |
Kaiser Foundation Hospitals | 4.875% | 4/1/42 | 3,100 | 3,033 | ||
Kaiser Foundation Hospitals | 4.150% | 5/1/47 | 4,230 | 3,713 | ||
1 | Kaiser Foundation Hospitals | 3.266% | 11/1/49 | 3,931 | 2,918 | |
1 | Kaiser Foundation Hospitals | 3.002% | 6/1/51 | 4,544 | 3,162 | |
Koninklijke Philips NV | 6.875% | 3/11/38 | 1,516 | 1,672 | ||
Koninklijke Philips NV | 5.000% | 3/15/42 | 1,039 | 943 | ||
Laboratory Corp. of America Holdings | 4.700% | 2/1/45 | 2,413 | 2,064 | ||
1 | Mass General Brigham Inc. | 3.765% | 7/1/48 | 1,315 | 1,068 | |
1 | Mass General Brigham Inc. | 3.192% | 7/1/49 | 1,407 | 1,002 | |
1 | Mass General Brigham Inc. | 4.117% | 7/1/55 | 778 | 650 | |
1 | Mass General Brigham Inc. | 3.342% | 7/1/60 | 1,782 | 1,247 | |
1 | Mayo Clinic | 4.000% | 11/15/47 | 928 | 782 | |
1 | Mayo Clinic | 4.128% | 11/15/52 | 1,445 | 1,243 | |
1 | Mayo Clinic | 3.196% | 11/15/61 | 1,714 | 1,161 | |
1 | McLaren Health Care Corp. | 4.386% | 5/15/48 | 925 | 807 | |
1 | MedStar Health Inc. | 3.626% | 8/15/49 | 1,030 | 754 | |
Medtronic Inc. | 4.375% | 3/15/35 | 6,895 | 6,529 | ||
Medtronic Inc. | 4.625% | 3/15/45 | 4,780 | 4,461 | ||
Memorial Health Services | 3.447% | 11/1/49 | 872 | 655 | ||
Memorial Sloan-Kettering Cancer Center | 5.000% | 7/1/42 | 1,970 | 1,957 | ||
1 | Memorial Sloan-Kettering Cancer Center | 2.955% | 1/1/50 | 1,755 | 1,211 | |
Memorial Sloan-Kettering Cancer Center | 4.125% | 7/1/52 | 855 | 735 | ||
1 | Memorial Sloan-Kettering Cancer Center | 4.200% | 7/1/55 | 969 | 830 | |
Merck & Co. Inc. | 6.500% | 12/1/33 | 2,453 | 2,778 | ||
Merck & Co. Inc. | 3.900% | 3/7/39 | 5,849 | 5,115 | ||
Merck & Co. Inc. | 2.350% | 6/24/40 | 3,210 | 2,229 | ||
Merck & Co. Inc. | 3.600% | 9/15/42 | 815 | 664 | ||
Merck & Co. Inc. | 4.150% | 5/18/43 | 1,477 | 1,318 | ||
Merck & Co. Inc. | 3.700% | 2/10/45 | 6,696 | 5,506 | ||
Merck & Co. Inc. | 4.000% | 3/7/49 | 3,627 | 3,097 | ||
Merck & Co. Inc. | 2.450% | 6/24/50 | 1,866 | 1,187 | ||
Merck & Co. Inc. | 2.750% | 12/10/51 | 6,135 | 4,094 | ||
Merck & Co. Inc. | 2.900% | 12/10/61 | 5,200 | 3,335 | ||
Merck Sharp & Dohme Corp. | 5.750% | 11/15/36 | 760 | 800 | ||
1 | Methodist Hospital | 2.705% | 12/1/50 | 1,800 | 1,162 | |
1 | Montefiore Obligated Group | 5.246% | 11/1/48 | 532 | 389 | |
Montefiore Obligated Group | 4.287% | 9/1/50 | 1,972 | 1,223 | ||
1 | Mount Sinai Hospitals Group Inc. | 3.981% | 7/1/48 | 930 | 750 | |
1 | Mount Sinai Hospitals Group Inc. | 3.737% | 7/1/49 | 1,013 | 795 | |
1 | Mount Sinai Hospitals Group Inc. | 3.391% | 7/1/50 | 1,505 | 1,046 | |
MultiCare Health System | 2.803% | 8/15/50 | 975 | 585 | ||
Mylan Inc. | 5.400% | 11/29/43 | 410 | 331 | ||
Mylan Inc. | 5.200% | 4/15/48 | 2,674 | 2,040 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | MyMichigan Health | 3.409% | 6/1/50 | 1,150 | 812 | |
New York & Presbyterian Hospital | 2.256% | 8/1/40 | 1,326 | 905 | ||
New York & Presbyterian Hospital | 4.024% | 8/1/45 | 1,453 | 1,235 | ||
New York & Presbyterian Hospital | 4.063% | 8/1/56 | 1,598 | 1,340 | ||
New York & Presbyterian Hospital | 2.606% | 8/1/60 | 893 | 523 | ||
1 | New York & Presbyterian Hospital | 3.954% | 8/1/19 | 1,393 | 1,001 | |
Northwell Healthcare Inc. | 3.979% | 11/1/46 | 730 | 567 | ||
Northwell Healthcare Inc. | 4.260% | 11/1/47 | 2,479 | 2,040 | ||
Northwell Healthcare Inc. | 3.809% | 11/1/49 | 2,233 | 1,689 | ||
1 | Northwestern Memorial Healthcare Obligated Group | 2.633% | 7/15/51 | 1,311 | 853 | |
Novant Health Inc. | 2.637% | 11/1/36 | 585 | 440 | ||
Novant Health Inc. | 3.168% | 11/1/51 | 3,468 | 2,444 | ||
Novant Health Inc. | 3.318% | 11/1/61 | 325 | 224 | ||
Novartis Capital Corp. | 3.700% | 9/21/42 | 845 | 714 | ||
Novartis Capital Corp. | 4.400% | 5/6/44 | 5,490 | 5,088 | ||
Novartis Capital Corp. | 4.000% | 11/20/45 | 4,295 | 3,749 | ||
Novartis Capital Corp. | 2.750% | 8/14/50 | 3,078 | 2,136 | ||
1 | NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery | 2.667% | 10/1/50 | 1,175 | 747 | |
1 | NYU Langone Hospitals | 5.750% | 7/1/43 | 1,305 | 1,369 | |
NYU Langone Hospitals | 4.784% | 7/1/44 | 482 | 445 | ||
1 | NYU Langone Hospitals | 4.368% | 7/1/47 | 2,303 | 2,008 | |
1 | NYU Langone Hospitals | 3.380% | 7/1/55 | 897 | 628 | |
OhioHealth Corp. | 2.834% | 11/15/41 | 555 | 405 | ||
1 | OhioHealth Corp. | 3.042% | 11/15/50 | 504 | 366 | |
Orlando Health Obligated Group | 4.089% | 10/1/48 | 897 | 742 | ||
Orlando Health Obligated Group | 3.327% | 10/1/50 | 990 | 709 | ||
1 | PeaceHealth Obligated Group | 4.787% | 11/15/48 | 363 | 328 | |
1 | PeaceHealth Obligated Group | 3.218% | 11/15/50 | 1,140 | 776 | |
PerkinElmer Inc. | 3.625% | 3/15/51 | 804 | 559 | ||
Pfizer Inc. | 4.000% | 12/15/36 | 3,034 | 2,773 | ||
Pfizer Inc. | 4.100% | 9/15/38 | 4,757 | 4,289 | ||
Pfizer Inc. | 3.900% | 3/15/39 | 5,407 | 4,724 | ||
Pfizer Inc. | 7.200% | 3/15/39 | 5,276 | 6,427 | ||
Pfizer Inc. | 2.550% | 5/28/40 | 1,323 | 953 | ||
Pfizer Inc. | 4.300% | 6/15/43 | 4,666 | 4,241 | ||
Pfizer Inc. | 4.400% | 5/15/44 | 1,145 | 1,057 | ||
Pfizer Inc. | 4.125% | 12/15/46 | 4,552 | 3,986 | ||
Pfizer Inc. | 4.200% | 9/15/48 | 2,772 | 2,468 | ||
Pfizer Inc. | 4.000% | 3/15/49 | 3,443 | 2,976 | ||
Pfizer Inc. | 2.700% | 5/28/50 | 3,586 | 2,450 | ||
Piedmont Healthcare Inc. | 2.864% | 1/1/52 | 335 | 218 | ||
Presbyterian Healthcare Services | 4.875% | 8/1/52 | 850 | 813 | ||
1 | Providence St. Joseph Health Obligated Group | 3.744% | 10/1/47 | 1,595 | 1,235 | |
1 | Providence St. Joseph Health Obligated Group | 3.930% | 10/1/48 | 1,965 | 1,532 | |
1 | Providence St. Joseph Health Obligated Group | 2.700% | 10/1/51 | 612 | 365 | |
Queen's Health Systems | 4.810% | 7/1/52 | 915 | 862 | ||
Quest Diagnostics Inc. | 4.700% | 3/30/45 | 988 | 852 | ||
1 | Rady Children's Hospital-San Diego | 3.154% | 8/15/51 | 1,000 | 692 | |
Regeneron Pharmaceuticals Inc. | 2.800% | 9/15/50 | 2,188 | 1,371 | ||
Royalty Pharma plc | 3.300% | 9/2/40 | 1,965 | 1,371 | ||
Royalty Pharma plc | 3.550% | 9/2/50 | 3,321 | 2,160 | ||
Royalty Pharma plc | 3.350% | 9/2/51 | 2,302 | 1,431 | ||
RWJ Barnabas Health Inc. | 3.949% | 7/1/46 | 1,551 | 1,279 | ||
RWJ Barnabas Health Inc. | 3.477% | 7/1/49 | 490 | 373 | ||
1 | Seattle Children's Hospital | 2.719% | 10/1/50 | 785 | 509 | |
1 | Sentara Healthcare | 2.927% | 11/1/51 | 885 | 600 | |
1 | Sharp HealthCare | 2.680% | 8/1/50 | 925 | 579 | |
1 | Stanford Health Care | 3.795% | 11/15/48 | 1,765 | 1,444 | |
Stanford Health Care | 3.027% | 8/15/51 | 1,213 | 850 | ||
STERIS Irish FinCo Unltd. Co. | 3.750% | 3/15/51 | 3,897 | 2,800 | ||
Stryker Corp. | 4.100% | 4/1/43 | 776 | 646 | ||
Stryker Corp. | 4.375% | 5/15/44 | 349 | 298 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Stryker Corp. | 4.625% | 3/15/46 | 2,378 | 2,108 | ||
Stryker Corp. | 2.900% | 6/15/50 | 2,604 | 1,755 | ||
Summa Health | 3.511% | 11/15/51 | 1,025 | 728 | ||
1 | Sutter Health | 3.161% | 8/15/40 | 565 | 425 | |
1 | Sutter Health | 4.091% | 8/15/48 | 2,200 | 1,815 | |
1 | Sutter Health | 3.361% | 8/15/50 | 920 | 658 | |
Takeda Pharmaceutical Co. Ltd. | 3.025% | 7/9/40 | 2,383 | 1,751 | ||
Takeda Pharmaceutical Co. Ltd. | 3.175% | 7/9/50 | 7,172 | 4,903 | ||
Takeda Pharmaceutical Co. Ltd. | 3.375% | 7/9/60 | 2,535 | 1,695 | ||
Texas Health Resources | 2.328% | 11/15/50 | 420 | 247 | ||
1 | Texas Health Resources | 4.330% | 11/15/55 | 1,226 | 1,060 | |
Thermo Fisher Scientific Inc. | 2.800% | 10/15/41 | 5,969 | 4,310 | ||
Thermo Fisher Scientific Inc. | 5.300% | 2/1/44 | 1,679 | 1,697 | ||
Thermo Fisher Scientific Inc. | 4.100% | 8/15/47 | 2,766 | 2,418 | ||
Toledo Hospital | 5.750% | 11/15/38 | 1,460 | 1,407 | ||
1 | Trinity Health Corp. | 2.632% | 12/1/40 | 1,265 | 897 | |
Trinity Health Corp. | 4.125% | 12/1/45 | 980 | 847 | ||
1 | Trinity Health Corp. | 3.434% | 12/1/48 | 935 | 728 | |
UnitedHealth Group Inc. | 4.625% | 7/15/35 | 3,182 | 3,049 | ||
UnitedHealth Group Inc. | 5.800% | 3/15/36 | 1,374 | 1,439 | ||
UnitedHealth Group Inc. | 6.500% | 6/15/37 | 3,117 | 3,466 | ||
UnitedHealth Group Inc. | 6.875% | 2/15/38 | 2,694 | 3,123 | ||
UnitedHealth Group Inc. | 3.500% | 8/15/39 | �� 3,396 | 2,780 | ||
UnitedHealth Group Inc. | 2.750% | 5/15/40 | 975 | 709 | ||
UnitedHealth Group Inc. | 5.700% | 10/15/40 | 3,135 | 3,283 | ||
UnitedHealth Group Inc. | 5.950% | 2/15/41 | 1,138 | 1,208 | ||
UnitedHealth Group Inc. | 3.050% | 5/15/41 | 1,192 | 894 | ||
UnitedHealth Group Inc. | 4.625% | 11/15/41 | 2,462 | 2,278 | ||
UnitedHealth Group Inc. | 4.375% | 3/15/42 | 1,923 | 1,721 | ||
UnitedHealth Group Inc. | 3.950% | 10/15/42 | 987 | 846 | ||
UnitedHealth Group Inc. | 4.250% | 3/15/43 | 1,425 | 1,254 | ||
UnitedHealth Group Inc. | 4.750% | 7/15/45 | 5,373 | 5,036 | ||
UnitedHealth Group Inc. | 4.200% | 1/15/47 | 4,868 | 4,215 | ||
UnitedHealth Group Inc. | 4.250% | 4/15/47 | 822 | 711 | ||
UnitedHealth Group Inc. | 3.750% | 10/15/47 | 1,418 | 1,132 | ||
UnitedHealth Group Inc. | 4.250% | 6/15/48 | 3,453 | 2,992 | ||
UnitedHealth Group Inc. | 4.450% | 12/15/48 | 4,385 | 3,900 | ||
UnitedHealth Group Inc. | 3.700% | 8/15/49 | 4,090 | 3,215 | ||
UnitedHealth Group Inc. | 2.900% | 5/15/50 | 2,594 | 1,757 | ||
UnitedHealth Group Inc. | 3.250% | 5/15/51 | 5,600 | 4,006 | ||
UnitedHealth Group Inc. | 4.750% | 5/15/52 | 6,733 | 6,180 | ||
UnitedHealth Group Inc. | 5.875% | 2/15/53 | 5,729 | 6,181 | ||
UnitedHealth Group Inc. | 3.875% | 8/15/59 | 1,632 | 1,276 | ||
UnitedHealth Group Inc. | 3.125% | 5/15/60 | 768 | 521 | ||
UnitedHealth Group Inc. | 4.950% | 5/15/62 | 5,215 | 4,908 | ||
UnitedHealth Group Inc. | 6.050% | 2/15/63 | 4,900 | 5,359 | ||
Utah Acquisition Sub Inc. | 5.250% | 6/15/46 | 2,598 | 2,026 | ||
Viatris Inc. | 3.850% | 6/22/40 | 2,920 | 1,993 | ||
Viatris Inc. | 4.000% | 6/22/50 | 5,948 | 3,834 | ||
1 | WakeMed | 3.286% | 10/1/52 | 940 | 654 | |
1 | West Virginia United Health System Obligated Group | 3.129% | 6/1/50 | 925 | 609 | |
1 | Willis-Knighton Medical Center | 4.813% | 9/1/48 | 755 | 688 | |
1 | Willis-Knighton Medical Center | 3.065% | 3/1/51 | 1,355 | 875 | |
Wyeth LLC | 6.500% | 2/1/34 | 2,511 | 2,800 | ||
Wyeth LLC | 6.000% | 2/15/36 | 974 | 1,042 | ||
Wyeth LLC | 5.950% | 4/1/37 | 4,573 | 4,909 | ||
1 | Yale-New Haven Health Services Corp. | 2.496% | 7/1/50 | 1,209 | 743 | |
Zimmer Biomet Holdings Inc. | 5.750% | 11/30/39 | 867 | 855 | ||
Zimmer Biomet Holdings Inc. | 4.450% | 8/15/45 | 717 | 586 | ||
Zoetis Inc. | 4.700% | 2/1/43 | 3,100 | 2,791 | ||
Zoetis Inc. | 3.950% | 9/12/47 | 1,656 | 1,345 | ||
Zoetis Inc. | 4.450% | 8/20/48 | 1,211 | 1,050 | ||
Zoetis Inc. | 3.000% | 5/15/50 | 1,780 | 1,213 | ||
871,895 | ||||||
Industrials (8.5%) | ||||||
1 | 3M Co. | 5.700% | 3/15/37 | 916 | 930 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | 3M Co. | 3.875% | 6/15/44 | 565 | 449 | |
1 | 3M Co. | 3.125% | 9/19/46 | 735 | 506 | |
1 | 3M Co. | 3.625% | 10/15/47 | 3,322 | 2,500 | |
1 | 3M Co. | 4.000% | 9/14/48 | 3,086 | 2,475 | |
3M Co. | 3.250% | 8/26/49 | 2,475 | 1,725 | ||
3M Co. | 3.700% | 4/15/50 | 1,541 | 1,191 | ||
ABB Finance USA Inc. | 4.375% | 5/8/42 | 1,394 | 1,234 | ||
1 | American Airlines Pass-Through Trust Class A Series 2021-1 | 2.875% | 7/11/34 | 1,703 | 1,400 | |
Boeing Co. | 6.125% | 2/15/33 | 324 | 331 | ||
Boeing Co. | 3.600% | 5/1/34 | 1,692 | 1,371 | ||
Boeing Co. | 3.250% | 2/1/35 | 3,243 | 2,505 | ||
Boeing Co. | 6.625% | 2/15/38 | 1,510 | 1,574 | ||
Boeing Co. | 3.550% | 3/1/38 | 587 | 443 | ||
Boeing Co. | 3.500% | 3/1/39 | 997 | 737 | ||
Boeing Co. | 6.875% | 3/15/39 | 1,264 | 1,353 | ||
Boeing Co. | 5.875% | 2/15/40 | 1,471 | 1,432 | ||
Boeing Co. | 5.705% | 5/1/40 | 5,825 | 5,578 | ||
Boeing Co. | 3.650% | 3/1/47 | 1,286 | 890 | ||
Boeing Co. | 3.625% | 3/1/48 | 926 | 633 | ||
Boeing Co. | 3.850% | 11/1/48 | 620 | 441 | ||
Boeing Co. | 3.900% | 5/1/49 | 2,026 | 1,456 | ||
Boeing Co. | 3.750% | 2/1/50 | 3,634 | 2,574 | ||
Boeing Co. | 5.805% | 5/1/50 | 17,419 | 16,609 | ||
Boeing Co. | 3.825% | 3/1/59 | 560 | 377 | ||
Boeing Co. | 3.950% | 8/1/59 | 2,949 | 2,040 | ||
Boeing Co. | 5.930% | 5/1/60 | 11,382 | 10,709 | ||
Burlington Northern Santa Fe LLC | 6.200% | 8/15/36 | 1,029 | 1,115 | ||
Burlington Northern Santa Fe LLC | 6.150% | 5/1/37 | 1,021 | 1,119 | ||
Burlington Northern Santa Fe LLC | 5.750% | 5/1/40 | 1,391 | 1,450 | ||
Burlington Northern Santa Fe LLC | 5.050% | 3/1/41 | 2,702 | 2,622 | ||
Burlington Northern Santa Fe LLC | 5.400% | 6/1/41 | 552 | 553 | ||
Burlington Northern Santa Fe LLC | 4.950% | 9/15/41 | 936 | 894 | ||
Burlington Northern Santa Fe LLC | 4.400% | 3/15/42 | 597 | 532 | ||
Burlington Northern Santa Fe LLC | 4.450% | 3/15/43 | 3,076 | 2,741 | ||
Burlington Northern Santa Fe LLC | 5.150% | 9/1/43 | 3,359 | 3,294 | ||
Burlington Northern Santa Fe LLC | 4.900% | 4/1/44 | 2,875 | 2,702 | ||
Burlington Northern Santa Fe LLC | 4.550% | 9/1/44 | 2,332 | 2,110 | ||
Burlington Northern Santa Fe LLC | 4.150% | 4/1/45 | 2,204 | 1,883 | ||
Burlington Northern Santa Fe LLC | 4.700% | 9/1/45 | 2,690 | 2,480 | ||
Burlington Northern Santa Fe LLC | 3.900% | 8/1/46 | 2,355 | 1,905 | ||
Burlington Northern Santa Fe LLC | 4.125% | 6/15/47 | 3,174 | 2,689 | ||
Burlington Northern Santa Fe LLC | 4.050% | 6/15/48 | 1,950 | 1,631 | ||
Burlington Northern Santa Fe LLC | 3.550% | 2/15/50 | 2,665 | 2,044 | ||
Burlington Northern Santa Fe LLC | 3.050% | 2/15/51 | 3,595 | 2,482 | ||
Burlington Northern Santa Fe LLC | 3.300% | 9/15/51 | 4,152 | 3,014 | ||
Burlington Northern Santa Fe LLC | 2.875% | 6/15/52 | 955 | 638 | ||
Burlington Northern Santa Fe LLC | 4.450% | 1/15/53 | 4,445 | 3,956 | ||
Canadian National Railway Co. | 6.250% | 8/1/34 | 653 | 714 | ||
Canadian National Railway Co. | 6.200% | 6/1/36 | 1,296 | 1,398 | ||
Canadian National Railway Co. | 6.375% | 11/15/37 | 881 | 949 | ||
Canadian National Railway Co. | 4.500% | 11/7/43 | 200 | 170 | ||
Canadian National Railway Co. | 3.200% | 8/2/46 | 2,771 | 2,025 | ||
Canadian National Railway Co. | 3.650% | 2/3/48 | 1,092 | 873 | ||
Canadian National Railway Co. | 4.450% | 1/20/49 | 1,676 | 1,505 | ||
Canadian National Railway Co. | 2.450% | 5/1/50 | 644 | 396 | ||
Canadian National Railway Co. | 4.400% | 8/5/52 | 3,155 | 2,809 | ||
Canadian Pacific Railway Co. | 4.800% | 9/15/35 | 957 | 893 | ||
Canadian Pacific Railway Co. | 5.950% | 5/15/37 | 719 | 737 | ||
Canadian Pacific Railway Co. | 3.000% | 12/2/41 | 3,188 | 2,414 | ||
Canadian Pacific Railway Co. | 4.800% | 8/1/45 | 2,770 | 2,523 | ||
Canadian Pacific Railway Co. | 3.100% | 12/2/51 | 6,363 | 4,343 | ||
Canadian Pacific Railway Co. | 6.125% | 9/15/15 | 1,438 | 1,467 | ||
Carrier Global Corp. | 3.377% | 4/5/40 | 3,234 | 2,424 | ||
Carrier Global Corp. | 3.577% | 4/5/50 | 8,128 | 5,859 | ||
Caterpillar Inc. | 6.050% | 8/15/36 | 670 | 732 | ||
Caterpillar Inc. | 5.200% | 5/27/41 | 191 | 195 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Caterpillar Inc. | 3.803% | 8/15/42 | 7,402 | 6,292 | ||
Caterpillar Inc. | 4.300% | 5/15/44 | 1,205 | 1,110 | ||
Caterpillar Inc. | 3.250% | 9/19/49 | 6,587 | 5,026 | ||
Caterpillar Inc. | 3.250% | 4/9/50 | 3,443 | 2,634 | ||
Caterpillar Inc. | 4.750% | 5/15/64 | 841 | 793 | ||
Crane Holdings Co. | 4.200% | 3/15/48 | 959 | 703 | ||
CSX Corp. | 6.000% | 10/1/36 | 365 | 380 | ||
CSX Corp. | 6.150% | 5/1/37 | 2,644 | 2,788 | ||
CSX Corp. | 6.220% | 4/30/40 | 1,675 | 1,794 | ||
CSX Corp. | 5.500% | 4/15/41 | 496 | 495 | ||
CSX Corp. | 4.750% | 5/30/42 | 4,465 | 4,060 | ||
CSX Corp. | 4.400% | 3/1/43 | 387 | 334 | ||
CSX Corp. | 4.100% | 3/15/44 | 2,597 | 2,188 | ||
CSX Corp. | 3.800% | 11/1/46 | 2,327 | 1,821 | ||
CSX Corp. | 4.300% | 3/1/48 | 1,896 | 1,613 | ||
CSX Corp. | 4.750% | 11/15/48 | 1,718 | 1,550 | ||
CSX Corp. | 4.500% | 3/15/49 | 881 | 770 | ||
CSX Corp. | 3.350% | 9/15/49 | 1,234 | 889 | ||
CSX Corp. | 3.800% | 4/15/50 | 2,506 | 1,936 | ||
CSX Corp. | 3.950% | 5/1/50 | 585 | 467 | ||
CSX Corp. | 2.500% | 5/15/51 | 490 | 301 | ||
CSX Corp. | 4.500% | 11/15/52 | 3,616 | 3,138 | ||
CSX Corp. | 4.500% | 8/1/54 | 1,012 | 864 | ||
CSX Corp. | 4.250% | 11/1/66 | 2,411 | 1,912 | ||
CSX Corp. | 4.650% | 3/1/68 | 1,445 | 1,226 | ||
Cummins Inc. | 4.875% | 10/1/43 | 728 | 696 | ||
Cummins Inc. | 2.600% | 9/1/50 | 1,609 | 1,015 | ||
Deere & Co. | 3.900% | 6/9/42 | 3,582 | 3,158 | ||
Deere & Co. | 2.875% | 9/7/49 | 1,096 | 794 | ||
Deere & Co. | 3.750% | 4/15/50 | 2,648 | 2,250 | ||
Dover Corp. | 5.375% | 10/15/35 | 935 | 931 | ||
Dover Corp. | 5.375% | 3/1/41 | 945 | 925 | ||
Eaton Corp. | 4.150% | 3/15/33 | 3,927 | 3,616 | ||
Eaton Corp. | 4.150% | 11/2/42 | 3,703 | 3,155 | ||
Eaton Corp. | 3.915% | 9/15/47 | 281 | 229 | ||
Eaton Corp. | 4.700% | 8/23/52 | 3,450 | 3,136 | ||
Emerson Electric Co. | 5.250% | 11/15/39 | 885 | 886 | ||
Emerson Electric Co. | 2.750% | 10/15/50 | 2,280 | 1,467 | ||
Emerson Electric Co. | 2.800% | 12/21/51 | 2,051 | 1,316 | ||
FedEx Corp. | 4.900% | 1/15/34 | 2,456 | 2,352 | ||
FedEx Corp. | 3.900% | 2/1/35 | 1,773 | 1,516 | ||
FedEx Corp. | 3.250% | 5/15/41 | 2,228 | 1,603 | ||
FedEx Corp. | 3.875% | 8/1/42 | 791 | 612 | ||
FedEx Corp. | 4.100% | 4/15/43 | 2,494 | 1,962 | ||
FedEx Corp. | 5.100% | 1/15/44 | 2,468 | 2,232 | ||
FedEx Corp. | 4.100% | 2/1/45 | 1,300 | 1,017 | ||
FedEx Corp. | 4.750% | 11/15/45 | 4,351 | 3,715 | ||
FedEx Corp. | 4.550% | 4/1/46 | 4,145 | 3,429 | ||
FedEx Corp. | 4.400% | 1/15/47 | 784 | 640 | ||
FedEx Corp. | 4.050% | 2/15/48 | 3,200 | 2,452 | ||
FedEx Corp. | 4.950% | 10/17/48 | 2,496 | 2,206 | ||
FedEx Corp. | 5.250% | 5/15/50 | 2,346 | 2,175 | ||
1 | FedEx Corp. Pass-Through Trust Class AA Series 2020-1 | 1.875% | 2/20/34 | 1,152 | 945 | |
Fortive Corp. | 4.300% | 6/15/46 | 1,753 | 1,375 | ||
General Dynamics Corp. | 4.250% | 4/1/40 | 2,599 | 2,357 | ||
General Dynamics Corp. | 2.850% | 6/1/41 | 2,191 | 1,640 | ||
General Dynamics Corp. | 3.600% | 11/15/42 | 587 | 485 | ||
General Dynamics Corp. | 4.250% | 4/1/50 | 2,009 | 1,791 | ||
1 | General Electric Co. | 5.875% | 1/14/38 | 1,200 | 1,245 | |
1 | General Electric Co. | 6.875% | 1/10/39 | 1,689 | 1,906 | |
General Electric Co. | 4.500% | 3/11/44 | 1,090 | 944 | ||
General Electric Co. | 4.350% | 5/1/50 | 1,103 | 932 | ||
Honeywell International Inc. | 5.000% | 2/15/33 | 3,219 | 3,258 | ||
Honeywell International Inc. | 5.700% | 3/15/36 | 593 | 627 | ||
Honeywell International Inc. | 5.700% | 3/15/37 | 1,018 | 1,072 | ||
Honeywell International Inc. | 5.375% | 3/1/41 | 1,836 | 1,894 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Honeywell International Inc. | 3.812% | 11/21/47 | 2,944 | 2,457 | ||
Illinois Tool Works Inc. | 4.875% | 9/15/41 | 1,384 | 1,358 | ||
Illinois Tool Works Inc. | 3.900% | 9/1/42 | 1,735 | 1,498 | ||
Jacobs Engineering Group Inc. | 5.900% | 3/1/33 | 519 | 510 | ||
1 | JetBlue Pass-Through Trust Class A Series 2020-1 | 4.000% | 11/15/32 | 782 | 717 | |
1 | JetBlue Pass-Through Trust Class AA Series 2019-1 | 2.750% | 5/15/32 | 3 | 2 | |
1 | Johnson Controls International plc | 6.000% | 1/15/36 | 1,525 | 1,577 | |
1 | Johnson Controls International plc | 4.625% | 7/2/44 | 2,690 | 2,362 | |
Johnson Controls International plc | 4.500% | 2/15/47 | 1,165 | 991 | ||
1 | Johnson Controls International plc | 4.950% | 7/2/64 | 917 | 798 | |
1 | Kansas City Southern | 4.300% | 5/15/43 | 693 | 576 | |
1 | Kansas City Southern | 4.950% | 8/15/45 | 745 | 676 | |
Kansas City Southern | 4.700% | 5/1/48 | 1,620 | 1,419 | ||
Kansas City Southern | 3.500% | 5/1/50 | 753 | 548 | ||
Kansas City Southern | 4.200% | 11/15/69 | 2,437 | 1,869 | ||
L3Harris Technologies Inc. | 4.854% | 4/27/35 | 2,922 | 2,776 | ||
L3Harris Technologies Inc. | 6.150% | 12/15/40 | 460 | 482 | ||
Lockheed Martin Corp. | 3.600% | 3/1/35 | 1,713 | 1,513 | ||
Lockheed Martin Corp. | 4.500% | 5/15/36 | 1,861 | 1,775 | ||
1 | Lockheed Martin Corp. | 6.150% | 9/1/36 | 1,507 | 1,642 | |
Lockheed Martin Corp. | 5.720% | 6/1/40 | 1,064 | 1,130 | ||
Lockheed Martin Corp. | 4.850% | 9/15/41 | 330 | 309 | ||
Lockheed Martin Corp. | 4.070% | 12/15/42 | 3,623 | 3,164 | ||
Lockheed Martin Corp. | 3.800% | 3/1/45 | 5,417 | 4,471 | ||
Lockheed Martin Corp. | 4.700% | 5/15/46 | 2,235 | 2,109 | ||
Lockheed Martin Corp. | 4.090% | 9/15/52 | 4,167 | 3,581 | ||
Lockheed Martin Corp. | 4.150% | 6/15/53 | 2,309 | 1,981 | ||
Lockheed Martin Corp. | 5.700% | 11/15/54 | 3,805 | 4,121 | ||
Lockheed Martin Corp. | 4.300% | 6/15/62 | 1,760 | 1,526 | ||
Lockheed Martin Corp. | 5.900% | 11/15/63 | 2,725 | 3,016 | ||
1 | Nature Conservancy | 3.957% | 3/1/52 | 1,025 | 828 | |
Norfolk Southern Corp. | 4.837% | 10/1/41 | 1,470 | 1,342 | ||
Norfolk Southern Corp. | 3.950% | 10/1/42 | 680 | 558 | ||
Norfolk Southern Corp. | 4.650% | 1/15/46 | 265 | 233 | ||
Norfolk Southern Corp. | 3.942% | 11/1/47 | 2,117 | 1,672 | ||
Norfolk Southern Corp. | 4.150% | 2/28/48 | 740 | 602 | ||
Norfolk Southern Corp. | 4.100% | 5/15/49 | 2,210 | 1,782 | ||
Norfolk Southern Corp. | 3.400% | 11/1/49 | 2,951 | 2,092 | ||
Norfolk Southern Corp. | 3.050% | 5/15/50 | 4,069 | 2,702 | ||
Norfolk Southern Corp. | 4.050% | 8/15/52 | 2,997 | 2,386 | ||
Norfolk Southern Corp. | 3.700% | 3/15/53 | 1,057 | 785 | ||
Norfolk Southern Corp. | 4.550% | 6/1/53 | 4,565 | 3,944 | ||
Norfolk Southern Corp. | 3.155% | 5/15/55 | 2,500 | 1,644 | ||
Norfolk Southern Corp. | 4.100% | 5/15/21 | 1,870 | 1,277 | ||
Northrop Grumman Corp. | 4.700% | 3/15/33 | 1,000 | 964 | ||
Northrop Grumman Corp. | 5.150% | 5/1/40 | 3,011 | 2,921 | ||
Northrop Grumman Corp. | 5.050% | 11/15/40 | 2,471 | 2,369 | ||
Northrop Grumman Corp. | 4.750% | 6/1/43 | 1,021 | 934 | ||
Northrop Grumman Corp. | 3.850% | 4/15/45 | 2,075 | 1,648 | ||
Northrop Grumman Corp. | 4.030% | 10/15/47 | 5,385 | 4,451 | ||
Northrop Grumman Corp. | 5.250% | 5/1/50 | 1,647 | 1,625 | ||
Northrop Grumman Corp. | 4.950% | 3/15/53 | 3,000 | 2,827 | ||
Otis Worldwide Corp. | 3.112% | 2/15/40 | 2,562 | 1,911 | ||
Otis Worldwide Corp. | 3.362% | 2/15/50 | 2,412 | 1,711 | ||
1 | Parker-Hannifin Corp. | 4.200% | 11/21/34 | 1,012 | 918 | |
1 | Parker-Hannifin Corp. | 6.250% | 5/15/38 | 1,045 | 1,099 | |
1 | Parker-Hannifin Corp. | 4.450% | 11/21/44 | 700 | 615 | |
Parker-Hannifin Corp. | 4.100% | 3/1/47 | 2,023 | 1,680 | ||
Parker-Hannifin Corp. | 4.000% | 6/14/49 | 2,214 | 1,786 | ||
Precision Castparts Corp. | 3.900% | 1/15/43 | 1,361 | 1,152 | ||
Precision Castparts Corp. | 4.375% | 6/15/45 | 961 | 860 | ||
Raytheon Technologies Corp. | 5.400% | 5/1/35 | 277 | 277 | ||
Raytheon Technologies Corp. | 6.050% | 6/1/36 | 2,602 | 2,736 | ||
Raytheon Technologies Corp. | 6.125% | 7/15/38 | 551 | 586 | ||
Raytheon Technologies Corp. | 4.450% | 11/16/38 | 3,117 | 2,816 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Raytheon Technologies Corp. | 4.875% | 10/15/40 | 1,373 | 1,284 | ||
Raytheon Technologies Corp. | 4.700% | 12/15/41 | 1,638 | 1,503 | ||
Raytheon Technologies Corp. | 4.500% | 6/1/42 | 7,659 | 6,884 | ||
Raytheon Technologies Corp. | 4.800% | 12/15/43 | 2,553 | 2,336 | ||
Raytheon Technologies Corp. | 4.150% | 5/15/45 | 4,576 | 3,815 | ||
Raytheon Technologies Corp. | 3.750% | 11/1/46 | 4,261 | 3,353 | ||
Raytheon Technologies Corp. | 4.350% | 4/15/47 | 4,382 | 3,803 | ||
Raytheon Technologies Corp. | 4.050% | 5/4/47 | 1,836 | 1,521 | ||
Raytheon Technologies Corp. | 4.625% | 11/16/48 | 3,328 | 3,024 | ||
Raytheon Technologies Corp. | 3.125% | 7/1/50 | 1,255 | 883 | ||
Raytheon Technologies Corp. | 2.820% | 9/1/51 | 2,909 | 1,912 | ||
Raytheon Technologies Corp. | 3.030% | 3/15/52 | 3,191 | 2,204 | ||
Raytheon Technologies Corp. | 5.375% | 2/27/53 | 3,530 | 3,546 | ||
2 | Regal Rexnord Corp. | 6.400% | 4/15/33 | 3,400 | 3,331 | |
Republic Services Inc. | 2.375% | 3/15/33 | 1,815 | 1,437 | ||
Republic Services Inc. | 6.200% | 3/1/40 | 1,510 | 1,616 | ||
Republic Services Inc. | 5.700% | 5/15/41 | 1,228 | 1,272 | ||
Republic Services Inc. | 3.050% | 3/1/50 | 1,313 | 918 | ||
Rockwell Automation Inc. | 4.200% | 3/1/49 | 484 | 426 | ||
Rockwell Automation Inc. | 2.800% | 8/15/61 | 935 | 577 | ||
3 | Trane Technologies Financing Ltd. | 5.250% | 3/3/33 | 1,500 | 1,491 | |
Trane Technologies Global Holding Co. Ltd. | 5.750% | 6/15/43 | 1,263 | 1,275 | ||
Trane Technologies Global Holding Co. Ltd. | 4.300% | 2/21/48 | 1,490 | 1,220 | ||
Trane Technologies Luxembourg Finance SA | 4.650% | 11/1/44 | 981 | 839 | ||
Trane Technologies Luxembourg Finance SA | 4.500% | 3/21/49 | 305 | 256 | ||
Tyco Electronics Group SA | 7.125% | 10/1/37 | 1,250 | 1,432 | ||
Union Pacific Corp. | 4.500% | 1/20/33 | 2,200 | 2,118 | ||
Union Pacific Corp. | 3.375% | 2/1/35 | 2,491 | 2,101 | ||
Union Pacific Corp. | 2.891% | 4/6/36 | 734 | 577 | ||
Union Pacific Corp. | 3.600% | 9/15/37 | 1,201 | 1,013 | ||
1 | Union Pacific Corp. | 3.550% | 8/15/39 | 2,018 | 1,658 | |
Union Pacific Corp. | 3.200% | 5/20/41 | 4,180 | 3,222 | ||
Union Pacific Corp. | 4.050% | 3/1/46 | 1,933 | 1,591 | ||
Union Pacific Corp. | 3.350% | 8/15/46 | 1,520 | 1,102 | ||
Union Pacific Corp. | 4.000% | 4/15/47 | 2,249 | 1,843 | ||
Union Pacific Corp. | 3.250% | 2/5/50 | 5,303 | 3,832 | ||
Union Pacific Corp. | 3.799% | 10/1/51 | 3,191 | 2,538 | ||
Union Pacific Corp. | 2.950% | 3/10/52 | 1,301 | 876 | ||
Union Pacific Corp. | 4.950% | 9/9/52 | 3,105 | 2,997 | ||
Union Pacific Corp. | 3.500% | 2/14/53 | 4,215 | 3,154 | ||
Union Pacific Corp. | 4.950% | 5/15/53 | 2,000 | 1,913 | ||
Union Pacific Corp. | 3.875% | 2/1/55 | 972 | 765 | ||
Union Pacific Corp. | 3.950% | 8/15/59 | 2,740 | 2,128 | ||
Union Pacific Corp. | 3.839% | 3/20/60 | 4,034 | 3,083 | ||
Union Pacific Corp. | 3.550% | 5/20/61 | 975 | 698 | ||
Union Pacific Corp. | 2.973% | 9/16/62 | 1,757 | 1,105 | ||
Union Pacific Corp. | 5.150% | 1/20/63 | 1,877 | 1,804 | ||
Union Pacific Corp. | 4.100% | 9/15/67 | 600 | 470 | ||
Union Pacific Corp. | 3.750% | 2/5/70 | 1,391 | 1,006 | ||
Union Pacific Corp. | 3.799% | 4/6/71 | 2,556 | 1,863 | ||
Union Pacific Corp. | 3.850% | 2/14/72 | 1,661 | 1,231 | ||
United Parcel Service Inc. | 4.875% | 3/3/33 | 2,500 | 2,483 | ||
United Parcel Service Inc. | 6.200% | 1/15/38 | 4,068 | 4,502 | ||
United Parcel Service Inc. | 5.200% | 4/1/40 | 4,115 | 4,149 | ||
United Parcel Service Inc. | 4.875% | 11/15/40 | 1,957 | 1,899 | ||
United Parcel Service Inc. | 3.625% | 10/1/42 | 345 | 284 | ||
United Parcel Service Inc. | 3.400% | 11/15/46 | 600 | 455 | ||
United Parcel Service Inc. | 3.750% | 11/15/47 | 1,995 | 1,637 | ||
United Parcel Service Inc. | 4.250% | 3/15/49 | 3,301 | 2,916 | ||
United Parcel Service Inc. | 3.400% | 9/1/49 | 1,919 | 1,489 | ||
United Parcel Service Inc. | 5.300% | 4/1/50 | 1,870 | 1,925 | ||
United Parcel Service Inc. | 5.050% | 3/3/53 | 1,000 | 988 | ||
Valmont Industries Inc. | 5.000% | 10/1/44 | 1,195 | 1,040 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Valmont Industries Inc. | 5.250% | 10/1/54 | 843 | 736 | ||
Waste Connections Inc. | 3.050% | 4/1/50 | 1,507 | 1,016 | ||
Waste Connections Inc. | 2.950% | 1/15/52 | 2,095 | 1,376 | ||
Waste Management Inc. | 2.950% | 6/1/41 | 3,613 | 2,667 | ||
Waste Management Inc. | 4.150% | 7/15/49 | 2,526 | 2,205 | ||
Waste Management Inc. | 2.500% | 11/15/50 | 470 | 294 | ||
WW Grainger Inc. | 4.600% | 6/15/45 | 2,539 | 2,332 | ||
WW Grainger Inc. | 3.750% | 5/15/46 | 1,546 | 1,231 | ||
WW Grainger Inc. | 4.200% | 5/15/47 | 610 | 524 | ||
Xylem Inc. | 4.375% | 11/1/46 | 1,203 | 1,000 | ||
495,464 | ||||||
Materials (3.6%) | ||||||
3 | Air Products and Chemicals Inc. | 4.800% | 3/3/33 | 700 | 698 | |
Air Products and Chemicals Inc. | 2.700% | 5/15/40 | 1,265 | 935 | ||
Air Products and Chemicals Inc. | 2.800% | 5/15/50 | 2,990 | 2,068 | ||
Albemarle Corp. | 5.450% | 12/1/44 | 960 | 886 | ||
Albemarle Corp. | 5.650% | 6/1/52 | 1,590 | 1,496 | ||
ArcelorMittal SA | 7.000% | 10/15/39 | 1,463 | 1,505 | ||
ArcelorMittal SA | 6.750% | 3/1/41 | 1,920 | 1,898 | ||
Barrick Gold Corp. | 6.450% | 10/15/35 | 683 | 718 | ||
Barrick North America Finance LLC | 5.750% | 5/1/43 | 2,994 | 3,018 | ||
Barrick PD Australia Finance Pty Ltd. | 5.950% | 10/15/39 | 5,044 | 5,196 | ||
BHP Billiton Finance USA Ltd. | 4.125% | 2/24/42 | 3,657 | 3,193 | ||
BHP Billiton Finance USA Ltd. | 5.000% | 9/30/43 | 8,061 | 7,838 | ||
Celulosa Arauco y Constitucion SA | 5.500% | 11/2/47 | 1,063 | 913 | ||
CF Industries Inc. | 5.150% | 3/15/34 | 1,264 | 1,176 | ||
CF Industries Inc. | 4.950% | 6/1/43 | 2,150 | 1,800 | ||
CF Industries Inc. | 5.375% | 3/15/44 | 2,774 | 2,448 | ||
Dow Chemical Co. | 6.300% | 3/15/33 | 1,195 | 1,265 | ||
Dow Chemical Co. | 4.250% | 10/1/34 | 4,492 | 4,002 | ||
Dow Chemical Co. | 9.400% | 5/15/39 | 540 | 716 | ||
Dow Chemical Co. | 5.250% | 11/15/41 | 1,852 | 1,741 | ||
Dow Chemical Co. | 4.375% | 11/15/42 | 2,587 | 2,178 | ||
Dow Chemical Co. | 4.625% | 10/1/44 | 2,524 | 2,172 | ||
Dow Chemical Co. | 5.550% | 11/30/48 | 1,923 | 1,829 | ||
Dow Chemical Co. | 4.800% | 5/15/49 | 3,664 | 3,128 | ||
Dow Chemical Co. | 3.600% | 11/15/50 | 1,702 | 1,228 | ||
Dow Chemical Co. | 6.900% | 5/15/53 | 2,800 | 3,128 | ||
DuPont de Nemours Inc. | 5.319% | 11/15/38 | 4,387 | 4,260 | ||
DuPont de Nemours Inc. | 5.419% | 11/15/48 | 6,480 | 6,215 | ||
3 | Eastman Chemical Co. | 5.750% | 3/8/33 | 500 | 497 | |
Eastman Chemical Co. | 4.800% | 9/1/42 | 545 | 472 | ||
Eastman Chemical Co. | 4.650% | 10/15/44 | 3,379 | 2,815 | ||
Ecolab Inc. | 2.125% | 8/15/50 | 1,198 | 683 | ||
Ecolab Inc. | 2.700% | 12/15/51 | 3,250 | 2,064 | ||
Ecolab Inc. | 2.750% | 8/18/55 | 3,430 | 2,108 | ||
FMC Corp. | 4.500% | 10/1/49 | 1,747 | 1,415 | ||
Freeport-McMoRan Inc. | 5.400% | 11/14/34 | 4,221 | 3,989 | ||
Freeport-McMoRan Inc. | 5.450% | 3/15/43 | 3,295 | 2,983 | ||
International Flavors & Fragrances Inc. | 4.375% | 6/1/47 | 608 | 460 | ||
International Flavors & Fragrances Inc. | 5.000% | 9/26/48 | 2,405 | 1,995 | ||
International Paper Co. | 5.000% | 9/15/35 | 2,810 | 2,661 | ||
International Paper Co. | 6.000% | 11/15/41 | 1,999 | 2,021 | ||
International Paper Co. | 4.800% | 6/15/44 | 1,331 | 1,185 | ||
International Paper Co. | 4.400% | 8/15/47 | 875 | 744 | ||
International Paper Co. | 4.350% | 8/15/48 | 1,355 | 1,137 | ||
Lafarge SA | 7.125% | 7/15/36 | 760 | 817 | ||
Linde Inc. | 3.550% | 11/7/42 | 690 | 556 | ||
Linde Inc. | 2.000% | 8/10/50 | 1,436 | 819 | ||
Lubrizol Corp. | 6.500% | 10/1/34 | 888 | 1,014 | ||
LYB International Finance BV | 5.250% | 7/15/43 | 1,845 | 1,640 | ||
LYB International Finance BV | 4.875% | 3/15/44 | 1,408 | 1,192 | ||
LYB International Finance III LLC | 3.375% | 10/1/40 | 4,044 | 2,902 | ||
LYB International Finance III LLC | 4.200% | 10/15/49 | 3,295 | 2,483 | ||
LYB International Finance III LLC | 4.200% | 5/1/50 | 4,855 | 3,663 | ||
LYB International Finance III LLC | 3.625% | 4/1/51 | 1,860 | 1,275 | ||
LYB International Finance III LLC | 3.800% | 10/1/60 | 2,966 | 1,977 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
LyondellBasell Industries NV | 4.625% | 2/26/55 | 736 | 589 | ||
Martin Marietta Materials Inc. | 4.250% | 12/15/47 | 2,668 | 2,201 | ||
Martin Marietta Materials Inc. | 3.200% | 7/15/51 | 645 | 437 | ||
Mosaic Co. | 5.450% | 11/15/33 | 3,341 | 3,303 | ||
Mosaic Co. | 4.875% | 11/15/41 | 1,659 | 1,453 | ||
Mosaic Co. | 5.625% | 11/15/43 | 409 | 388 | ||
1 | Newmont Corp. | 5.875% | 4/1/35 | 3,262 | 3,303 | |
Newmont Corp. | 6.250% | 10/1/39 | 1,177 | 1,229 | ||
Newmont Corp. | 4.875% | 3/15/42 | 4,265 | 3,893 | ||
Newmont Corp. | 5.450% | 6/9/44 | 1,318 | 1,265 | ||
Nucor Corp. | 5.200% | 8/1/43 | 1,225 | 1,193 | ||
Nucor Corp. | 2.979% | 12/15/55 | 4,336 | 2,824 | ||
Nutrien Ltd. | 4.125% | 3/15/35 | 1,035 | 896 | ||
Nutrien Ltd. | 5.875% | 12/1/36 | 1,693 | 1,702 | ||
Nutrien Ltd. | 5.625% | 12/1/40 | 325 | 315 | ||
Nutrien Ltd. | 4.900% | 6/1/43 | 2,806 | 2,507 | ||
Nutrien Ltd. | 5.250% | 1/15/45 | 2,532 | 2,339 | ||
Nutrien Ltd. | 5.000% | 4/1/49 | 1,615 | 1,453 | ||
Nutrien Ltd. | 3.950% | 5/13/50 | 1,402 | 1,069 | ||
Packaging Corp. of America | 4.050% | 12/15/49 | 1,786 | 1,408 | ||
Packaging Corp. of America | 3.050% | 10/1/51 | 3,140 | 2,054 | ||
Rio Tinto Alcan Inc. | 6.125% | 12/15/33 | 1,207 | 1,296 | ||
Rio Tinto Alcan Inc. | 5.750% | 6/1/35 | 3,762 | 3,858 | ||
Rio Tinto Finance USA Ltd. | 5.200% | 11/2/40 | 2,447 | 2,437 | ||
Rio Tinto Finance USA Ltd. | 2.750% | 11/2/51 | 1,755 | 1,159 | ||
Rio Tinto Finance USA plc | 4.750% | 3/22/42 | 1,712 | 1,612 | ||
Rio Tinto Finance USA plc | 4.125% | 8/21/42 | 808 | 702 | ||
RPM International Inc. | 5.250% | 6/1/45 | 535 | 467 | ||
RPM International Inc. | 4.250% | 1/15/48 | 1,880 | 1,422 | ||
Sherwin-Williams Co. | 4.000% | 12/15/42 | 952 | 757 | ||
Sherwin-Williams Co. | 4.550% | 8/1/45 | 1,486 | 1,251 | ||
Sherwin-Williams Co. | 4.500% | 6/1/47 | 1,579 | 1,326 | ||
Sherwin-Williams Co. | 3.800% | 8/15/49 | 2,728 | 2,040 | ||
Sherwin-Williams Co. | 3.300% | 5/15/50 | 1,305 | 890 | ||
Sherwin-Williams Co. | 2.900% | 3/15/52 | 2,054 | 1,264 | ||
Sonoco Products Co. | 5.750% | 11/1/40 | 1,208 | 1,209 | ||
Southern Copper Corp. | 7.500% | 7/27/35 | 3,775 | 4,290 | ||
Southern Copper Corp. | 6.750% | 4/16/40 | 2,904 | 3,185 | ||
Southern Copper Corp. | 5.250% | 11/8/42 | 2,422 | 2,286 | ||
Southern Copper Corp. | 5.875% | 4/23/45 | 4,254 | 4,299 | ||
Steel Dynamics Inc. | 3.250% | 10/15/50 | 1,645 | 1,105 | ||
Teck Resources Ltd. | 6.000% | 8/15/40 | 2,109 | 2,057 | ||
Teck Resources Ltd. | 5.200% | 3/1/42 | 416 | 370 | ||
Teck Resources Ltd. | 5.400% | 2/1/43 | 1,458 | 1,327 | ||
Vale Overseas Ltd. | 8.250% | 1/17/34 | 434 | 505 | ||
Vale Overseas Ltd. | 6.875% | 11/21/36 | 5,636 | 5,779 | ||
Vale Overseas Ltd. | 6.875% | 11/10/39 | 3,503 | 3,583 | ||
Vale SA | 5.625% | 9/11/42 | 975 | 943 | ||
Vulcan Materials Co. | 4.500% | 6/15/47 | 1,813 | 1,552 | ||
Vulcan Materials Co. | 4.700% | 3/1/48 | 565 | 496 | ||
Westlake Corp. | 2.875% | 8/15/41 | 1,375 | 905 | ||
Westlake Corp. | 5.000% | 8/15/46 | 1,818 | 1,533 | ||
Westlake Corp. | 4.375% | 11/15/47 | 1,563 | 1,223 | ||
Westlake Corp. | 3.125% | 8/15/51 | 1,568 | 970 | ||
Westlake Corp. | 3.375% | 8/15/61 | 1,310 | 797 | ||
WRKCo Inc. | 3.000% | 6/15/33 | 2,026 | 1,632 | ||
209,563 | ||||||
Real Estate (1.3%) | ||||||
Agree LP | 2.600% | 6/15/33 | 355 | 271 | ||
Alexandria Real Estate Equities Inc. | 2.950% | 3/15/34 | 4,990 | 4,010 | ||
Alexandria Real Estate Equities Inc. | 4.750% | 4/15/35 | 600 | 567 | ||
Alexandria Real Estate Equities Inc. | 4.850% | 4/15/49 | 2,992 | 2,608 | ||
Alexandria Real Estate Equities Inc. | 4.000% | 2/1/50 | 2,334 | 1,807 | ||
Alexandria Real Estate Equities Inc. | 3.000% | 5/18/51 | 1,499 | 964 | ||
Alexandria Real Estate Equities Inc. | 3.550% | 3/15/52 | 819 | 586 | ||
American Homes 4 Rent LP | 3.375% | 7/15/51 | 611 | 397 | ||
American Homes 4 Rent LP | 4.300% | 4/15/52 | 925 | 710 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
American Tower Corp. | 3.700% | 10/15/49 | 1,656 | 1,156 | ||
American Tower Corp. | 3.100% | 6/15/50 | 2,873 | 1,788 | ||
American Tower Corp. | 2.950% | 1/15/51 | 3,045 | 1,839 | ||
1 | AvalonBay Communities Inc. | 3.900% | 10/15/46 | 1,900 | 1,484 | |
1 | AvalonBay Communities Inc. | 4.350% | 4/15/48 | 450 | 379 | |
Boston Properties LP | 2.450% | 10/1/33 | 3,183 | 2,322 | ||
Camden Property Trust | 3.350% | 11/1/49 | 1,177 | 846 | ||
Corporate Office Properties LP | 2.900% | 12/1/33 | 693 | 488 | ||
Crown Castle Inc. | 2.900% | 4/1/41 | 3,351 | 2,278 | ||
Crown Castle Inc. | 4.750% | 5/15/47 | 1,050 | 887 | ||
Crown Castle Inc. | 5.200% | 2/15/49 | 1,544 | 1,410 | ||
Crown Castle Inc. | 4.000% | 11/15/49 | 1,606 | 1,220 | ||
Crown Castle Inc. | 4.150% | 7/1/50 | 1,308 | 1,006 | ||
Crown Castle Inc. | 3.250% | 1/15/51 | 1,837 | 1,205 | ||
Equinix Inc. | 3.000% | 7/15/50 | 2,112 | 1,349 | ||
Equinix Inc. | 2.950% | 9/15/51 | 1,767 | 1,101 | ||
Equinix Inc. | 3.400% | 2/15/52 | 575 | 392 | ||
ERP Operating LP | 4.500% | 7/1/44 | 1,658 | 1,464 | ||
ERP Operating LP | 4.500% | 6/1/45 | 1,627 | 1,392 | ||
ERP Operating LP | 4.000% | 8/1/47 | 288 | 231 | ||
Essex Portfolio LP | 4.500% | 3/15/48 | 1,420 | 1,177 | ||
Essex Portfolio LP | 2.650% | 9/1/50 | 917 | 535 | ||
Federal Realty Investment Trust | 4.500% | 12/1/44 | 1,610 | 1,289 | ||
Healthpeak Properties Interim Inc. | 6.750% | 2/1/41 | 356 | 375 | ||
Invitation Homes Operating Partnership LP | 2.700% | 1/15/34 | 1,105 | 826 | ||
Kilroy Realty LP | 2.500% | 11/15/32 | 552 | 390 | ||
Kilroy Realty LP | 2.650% | 11/15/33 | 1,711 | 1,176 | ||
Kimco Realty OP LLC | 4.250% | 4/1/45 | 366 | 282 | ||
Kimco Realty OP LLC | 4.125% | 12/1/46 | 1,028 | 768 | ||
Kimco Realty OP LLC | 4.450% | 9/1/47 | 2,060 | 1,658 | ||
Kimco Realty OP LLC | 3.700% | 10/1/49 | 1,482 | 1,047 | ||
Mid-America Apartments LP | 2.875% | 9/15/51 | 430 | 279 | ||
National Retail Properties Inc. | 4.800% | 10/15/48 | 2,536 | 2,157 | ||
National Retail Properties Inc. | 3.100% | 4/15/50 | 272 | 174 | ||
National Retail Properties Inc. | 3.000% | 4/15/52 | 232 | 143 | ||
Omega Healthcare Investors Inc. | 3.250% | 4/15/33 | 2,006 | 1,439 | ||
Prologis LP | 4.375% | 9/15/48 | 685 | 597 | ||
Prologis LP | 3.050% | 3/1/50 | 873 | 603 | ||
Prologis LP | 3.000% | 4/15/50 | 2,050 | 1,396 | ||
Prologis LP | 2.125% | 10/15/50 | 614 | 346 | ||
Realty Income Corp. | 1.800% | 3/15/33 | 1,068 | 780 | ||
Realty Income Corp. | 4.650% | 3/15/47 | 1,410 | 1,282 | ||
Regency Centers LP | 4.400% | 2/1/47 | 903 | 723 | ||
Regency Centers LP | 4.650% | 3/15/49 | 1,105 | 914 | ||
Simon Property Group LP | 6.750% | 2/1/40 | 1,120 | 1,248 | ||
Simon Property Group LP | 4.750% | 3/15/42 | 2,130 | 1,875 | ||
Simon Property Group LP | 4.250% | 10/1/44 | 1,768 | 1,437 | ||
Simon Property Group LP | 4.250% | 11/30/46 | 1,102 | 897 | ||
Simon Property Group LP | 3.250% | 9/13/49 | 2,752 | 1,896 | ||
Simon Property Group LP | 3.800% | 7/15/50 | 3,434 | 2,581 | ||
1 | UDR Inc. | 1.900% | 3/15/33 | 1,154 | 837 | |
1 | UDR Inc. | 2.100% | 6/15/33 | 440 | 321 | |
UDR Inc. | 3.100% | 11/1/34 | 425 | 337 | ||
Ventas Realty LP | 5.700% | 9/30/43 | 1,799 | 1,696 | ||
Ventas Realty LP | 4.375% | 2/1/45 | 718 | 573 | ||
VICI Properties LP | 5.625% | 5/15/52 | 2,205 | 1,961 | ||
Welltower OP LLC | 6.500% | 3/15/41 | 2,490 | 2,566 | ||
Welltower OP LLC | 4.950% | 9/1/48 | 840 | 715 | ||
Weyerhaeuser Co. | 4.000% | 3/9/52 | 2,466 | 1,926 | ||
WP Carey Inc. | 2.250% | 4/1/33 | 450 | 338 | ||
77,717 | ||||||
Technology (9.1%) | ||||||
Advanced Micro Devices Inc. | 4.393% | 6/1/52 | 1,350 | 1,200 | ||
Analog Devices Inc. | 2.800% | 10/1/41 | 2,435 | 1,756 | ||
Analog Devices Inc. | 5.300% | 12/15/45 | 900 | 879 | ||
Analog Devices Inc. | 2.950% | 10/1/51 | 2,159 | 1,481 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Apple Inc. | 4.500% | 2/23/36 | 1,725 | 1,691 | ||
Apple Inc. | 2.375% | 2/8/41 | 2,558 | 1,807 | ||
Apple Inc. | 3.850% | 5/4/43 | 6,079 | 5,224 | ||
Apple Inc. | 4.450% | 5/6/44 | 2,833 | 2,696 | ||
Apple Inc. | 3.450% | 2/9/45 | 3,464 | 2,796 | ||
Apple Inc. | 4.375% | 5/13/45 | 8,263 | 7,596 | ||
Apple Inc. | 4.650% | 2/23/46 | 13,624 | 12,973 | ||
Apple Inc. | 3.850% | 8/4/46 | 9,570 | 8,081 | ||
Apple Inc. | 4.250% | 2/9/47 | 3,887 | 3,554 | ||
Apple Inc. | 3.750% | 9/12/47 | 5,801 | 4,830 | ||
Apple Inc. | 3.750% | 11/13/47 | 4,219 | 3,516 | ||
Apple Inc. | 2.950% | 9/11/49 | 2,478 | 1,778 | ||
Apple Inc. | 2.650% | 5/11/50 | 4,437 | 2,982 | ||
Apple Inc. | 2.400% | 8/20/50 | 5,433 | 3,444 | ||
Apple Inc. | 2.650% | 2/8/51 | 6,808 | 4,538 | ||
Apple Inc. | 2.700% | 8/5/51 | 6,495 | 4,348 | ||
Apple Inc. | 3.950% | 8/8/52 | 4,492 | 3,827 | ||
Apple Inc. | 2.550% | 8/20/60 | 1,671 | 1,041 | ||
Apple Inc. | 2.800% | 2/8/61 | 3,404 | 2,172 | ||
Apple Inc. | 2.850% | 8/5/61 | 4,625 | 3,008 | ||
Apple Inc. | 4.100% | 8/8/62 | 5,596 | 4,733 | ||
Applied Materials Inc. | 5.100% | 10/1/35 | 1,338 | 1,346 | ||
Applied Materials Inc. | 5.850% | 6/15/41 | 1,163 | 1,242 | ||
Applied Materials Inc. | 4.350% | 4/1/47 | 2,868 | 2,570 | ||
Applied Materials Inc. | 2.750% | 6/1/50 | 2,611 | 1,775 | ||
2 | Broadcom Inc. | 3.419% | 4/15/33 | 7,576 | 6,101 | |
2 | Broadcom Inc. | 3.469% | 4/15/34 | 9,402 | 7,447 | |
2 | Broadcom Inc. | 3.137% | 11/15/35 | 11,123 | 8,207 | |
2 | Broadcom Inc. | 3.187% | 11/15/36 | 6,915 | 5,009 | |
2 | Broadcom Inc. | 4.926% | 5/15/37 | 7,087 | 6,162 | |
2 | Broadcom Inc. | 3.500% | 2/15/41 | 6,253 | 4,477 | |
2 | Broadcom Inc. | 3.750% | 2/15/51 | 6,053 | 4,221 | |
Cisco Systems Inc. | 5.900% | 2/15/39 | 6,293 | 6,890 | ||
Cisco Systems Inc. | 5.500% | 1/15/40 | 5,210 | 5,481 | ||
Corning Inc. | 4.700% | 3/15/37 | 380 | 347 | ||
Corning Inc. | 5.750% | 8/15/40 | 1,674 | 1,696 | ||
Corning Inc. | 4.750% | 3/15/42 | 1,500 | 1,370 | ||
Corning Inc. | 5.350% | 11/15/48 | 1,549 | 1,483 | ||
Corning Inc. | 3.900% | 11/15/49 | 1,232 | 926 | ||
Corning Inc. | 4.375% | 11/15/57 | 1,110 | 890 | ||
Corning Inc. | 5.850% | 11/15/68 | 877 | 831 | ||
Corning Inc. | 5.450% | 11/15/79 | 2,157 | 1,904 | ||
Dell Inc. | 6.500% | 4/15/38 | 595 | 598 | ||
Dell International LLC | 8.100% | 7/15/36 | 3,466 | 3,886 | ||
2 | Dell International LLC | 3.375% | 12/15/41 | 2,480 | 1,644 | |
Dell International LLC | 8.350% | 7/15/46 | 2,590 | 2,951 | ||
2 | Dell International LLC | 3.450% | 12/15/51 | 4,845 | 2,959 | |
Fidelity National Information Services Inc. | 3.100% | 3/1/41 | 3,395 | 2,340 | ||
Fidelity National Information Services Inc. | 4.500% | 8/15/46 | 1,941 | 1,537 | ||
3 | Fiserv Inc. | 5.600% | 3/2/33 | 3,620 | 3,615 | |
Fiserv Inc. | 4.400% | 7/1/49 | 5,071 | 4,087 | ||
Hewlett Packard Enterprise Co. | 6.200% | 10/15/35 | 2,537 | 2,606 | ||
Hewlett Packard Enterprise Co. | 6.350% | 10/15/45 | 4,406 | 4,334 | ||
HP Inc. | 6.000% | 9/15/41 | 3,549 | 3,467 | ||
Intel Corp. | 4.600% | 3/25/40 | 2,045 | 1,822 | ||
Intel Corp. | 2.800% | 8/12/41 | 2,755 | 1,875 | ||
Intel Corp. | 4.800% | 10/1/41 | 1,108 | 1,004 | ||
Intel Corp. | 4.250% | 12/15/42 | 2,452 | 2,052 | ||
Intel Corp. | 4.900% | 7/29/45 | 1,049 | 972 | ||
Intel Corp. | 4.100% | 5/19/46 | 3,608 | 2,893 | ||
Intel Corp. | 4.100% | 5/11/47 | 3,406 | 2,726 | ||
Intel Corp. | 3.734% | 12/8/47 | 5,318 | 3,940 | ||
Intel Corp. | 3.250% | 11/15/49 | 5,542 | 3,707 | ||
Intel Corp. | 4.750% | 3/25/50 | 6,636 | 5,749 | ||
Intel Corp. | 3.050% | 8/12/51 | 2,988 | 1,922 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Intel Corp. | 4.900% | 8/5/52 | 4,980 | 4,412 | ||
Intel Corp. | 5.700% | 2/10/53 | 4,087 | 3,995 | ||
Intel Corp. | 3.100% | 2/15/60 | 3,002 | 1,835 | ||
Intel Corp. | 4.950% | 3/25/60 | 2,800 | 2,456 | ||
Intel Corp. | 3.200% | 8/12/61 | 676 | 420 | ||
Intel Corp. | 5.050% | 8/5/62 | 3,270 | 2,860 | ||
Intel Corp. | 5.900% | 2/10/63 | 290 | 285 | ||
International Business Machines Corp. | 4.750% | 2/6/33 | 2,000 | 1,913 | ||
International Business Machines Corp. | 4.150% | 5/15/39 | 7,623 | 6,462 | ||
International Business Machines Corp. | 5.600% | 11/30/39 | 950 | 952 | ||
International Business Machines Corp. | 2.850% | 5/15/40 | 2,335 | 1,667 | ||
International Business Machines Corp. | 4.000% | 6/20/42 | 916 | 748 | ||
International Business Machines Corp. | 4.700% | 2/19/46 | 1,977 | 1,723 | ||
International Business Machines Corp. | 4.250% | 5/15/49 | 8,508 | 7,026 | ||
International Business Machines Corp. | 2.950% | 5/15/50 | 1,740 | 1,134 | ||
International Business Machines Corp. | 3.430% | 2/9/52 | 1,425 | 996 | ||
International Business Machines Corp. | 4.900% | 7/27/52 | 1,285 | 1,158 | ||
International Business Machines Corp. | 5.100% | 2/6/53 | 4,290 | 3,975 | ||
International Business Machines Corp. | 7.125% | 12/1/96 | 1,030 | 1,307 | ||
Juniper Networks Inc. | 5.950% | 3/15/41 | 1,138 | 1,111 | ||
KLA Corp. | 5.000% | 3/15/49 | 695 | 651 | ||
KLA Corp. | 3.300% | 3/1/50 | 2,374 | 1,721 | ||
KLA Corp. | 4.950% | 7/15/52 | 3,866 | 3,649 | ||
KLA Corp. | 5.250% | 7/15/62 | 2,575 | 2,463 | ||
Kyndryl Holdings Inc. | 4.100% | 10/15/41 | 1,225 | 822 | ||
Lam Research Corp. | 4.875% | 3/15/49 | 2,647 | 2,486 | ||
Lam Research Corp. | 2.875% | 6/15/50 | 1,794 | 1,196 | ||
Lam Research Corp. | 3.125% | 6/15/60 | 1,437 | 943 | ||
Micron Technology Inc. | 3.366% | 11/1/41 | 1,640 | 1,095 | ||
Micron Technology Inc. | 3.477% | 11/1/51 | 1,065 | 664 | ||
Microsoft Corp. | 3.500% | 2/12/35 | 2,312 | 2,090 | ||
Microsoft Corp. | 4.200% | 11/3/35 | 3,304 | 3,164 | ||
Microsoft Corp. | 3.450% | 8/8/36 | 2,575 | 2,252 | ||
Microsoft Corp. | 4.100% | 2/6/37 | 6,017 | 5,643 | ||
Microsoft Corp. | 4.500% | 10/1/40 | 1,424 | 1,392 | ||
Microsoft Corp. | 5.300% | 2/8/41 | 725 | 777 | ||
Microsoft Corp. | 3.500% | 11/15/42 | 1,338 | 1,132 | ||
Microsoft Corp. | 3.750% | 2/12/45 | 2,655 | 2,289 | ||
Microsoft Corp. | 4.450% | 11/3/45 | 2,523 | 2,391 | ||
Microsoft Corp. | 3.700% | 8/8/46 | 8,163 | 6,984 | ||
Microsoft Corp. | 4.250% | 2/6/47 | 4,055 | 3,762 | ||
Microsoft Corp. | 2.525% | 6/1/50 | 25,997 | 17,359 | ||
Microsoft Corp. | 2.921% | 3/17/52 | 14,536 | 10,458 | ||
Microsoft Corp. | 3.950% | 8/8/56 | 1,235 | 1,064 | ||
Microsoft Corp. | 2.675% | 6/1/60 | 10,985 | 7,108 | ||
Microsoft Corp. | 3.041% | 3/17/62 | 6,425 | 4,499 | ||
Moody's Corp. | 2.750% | 8/19/41 | 2,550 | 1,760 | ||
Moody's Corp. | 5.250% | 7/15/44 | 1,325 | 1,266 | ||
Moody's Corp. | 4.875% | 12/17/48 | 779 | 705 | ||
Moody's Corp. | 3.250% | 5/20/50 | 575 | 400 | ||
Moody's Corp. | 3.750% | 2/25/52 | 1,265 | 962 | ||
Moody's Corp. | 3.100% | 11/29/61 | 2,313 | 1,439 | ||
Motorola Solutions Inc. | 5.500% | 9/1/44 | 1,049 | 960 | ||
Nokia OYJ | 6.625% | 5/15/39 | 1,400 | 1,366 | ||
NVIDIA Corp. | 3.500% | 4/1/40 | 3,121 | 2,567 | ||
NVIDIA Corp. | 3.500% | 4/1/50 | 4,410 | 3,418 | ||
NVIDIA Corp. | 3.700% | 4/1/60 | 2,380 | 1,807 | ||
NXP BV | 3.250% | 5/11/41 | 2,610 | 1,810 | ||
NXP BV | 3.125% | 2/15/42 | 1,260 | 849 | ||
NXP BV | 3.250% | 11/30/51 | 1,812 | 1,145 | ||
Oracle Corp. | 4.300% | 7/8/34 | 4,304 | 3,784 | ||
Oracle Corp. | 3.900% | 5/15/35 | 2,521 | 2,093 | ||
Oracle Corp. | 3.850% | 7/15/36 | 1,679 | 1,367 | ||
Oracle Corp. | 3.800% | 11/15/37 | 6,801 | 5,376 | ||
Oracle Corp. | 6.500% | 4/15/38 | 2,156 | 2,246 | ||
Oracle Corp. | 6.125% | 7/8/39 | 6,820 | 6,813 | ||
Oracle Corp. | 3.600% | 4/1/40 | 7,245 | 5,350 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Oracle Corp. | 5.375% | 7/15/40 | 6,640 | 6,096 | ||
Oracle Corp. | 3.650% | 3/25/41 | 6,977 | 5,140 | ||
Oracle Corp. | 4.500% | 7/8/44 | 3,419 | 2,782 | ||
Oracle Corp. | 4.125% | 5/15/45 | 4,312 | 3,253 | ||
Oracle Corp. | 4.000% | 7/15/46 | 5,029 | 3,680 | ||
Oracle Corp. | 4.000% | 11/15/47 | 4,882 | 3,575 | ||
Oracle Corp. | 3.600% | 4/1/50 | 14,495 | 9,829 | ||
Oracle Corp. | 3.950% | 3/25/51 | 10,763 | 7,723 | ||
Oracle Corp. | 6.900% | 11/9/52 | 8,580 | 9,249 | ||
Oracle Corp. | 5.550% | 2/6/53 | 6,600 | 6,036 | ||
Oracle Corp. | 4.375% | 5/15/55 | 7,537 | 5,719 | ||
Oracle Corp. | 3.850% | 4/1/60 | 5,911 | 3,929 | ||
Oracle Corp. | 4.100% | 3/25/61 | 5,027 | 3,500 | ||
QUALCOMM Inc. | 5.400% | 5/20/33 | 1,985 | 2,046 | ||
QUALCOMM Inc. | 4.650% | 5/20/35 | 2,861 | 2,776 | ||
QUALCOMM Inc. | 4.800% | 5/20/45 | 4,485 | 4,261 | ||
QUALCOMM Inc. | 4.300% | 5/20/47 | 4,455 | 3,892 | ||
QUALCOMM Inc. | 3.250% | 5/20/50 | 2,120 | 1,562 | ||
QUALCOMM Inc. | 4.500% | 5/20/52 | 2,610 | 2,319 | ||
QUALCOMM Inc. | 6.000% | 5/20/53 | 3,725 | 4,016 | ||
Quanta Services Inc. | 3.050% | 10/1/41 | 1,360 | 910 | ||
S&P Global Inc. | 3.250% | 12/1/49 | 1,920 | 1,408 | ||
2 | S&P Global Inc. | 3.700% | 3/1/52 | 2,804 | 2,218 | |
S&P Global Inc. | 2.300% | 8/15/60 | 2,371 | 1,310 | ||
2 | S&P Global Inc. | 3.900% | 3/1/62 | 1,365 | 1,072 | |
Salesforce Inc. | 2.700% | 7/15/41 | 4,110 | 2,905 | ||
Salesforce Inc. | 2.900% | 7/15/51 | 4,256 | 2,862 | ||
Salesforce Inc. | 3.050% | 7/15/61 | 4,445 | 2,850 | ||
Texas Instruments Inc. | 3.875% | 3/15/39 | 3,244 | 2,866 | ||
Texas Instruments Inc. | 4.150% | 5/15/48 | 3,959 | 3,509 | ||
Texas Instruments Inc. | 2.700% | 9/15/51 | 452 | 314 | ||
Texas Instruments Inc. | 4.100% | 8/16/52 | 1,155 | 1,034 | ||
TSMC Arizona Corp. | 3.125% | 10/25/41 | 2,202 | 1,715 | ||
TSMC Arizona Corp. | 3.250% | 10/25/51 | 771 | 578 | ||
TSMC Arizona Corp. | 4.500% | 4/22/52 | 4,715 | 4,424 | ||
Verisk Analytics Inc. | 5.500% | 6/15/45 | 1,089 | 1,017 | ||
Verisk Analytics Inc. | 3.625% | 5/15/50 | 1,246 | 865 | ||
Workday Inc. | 3.800% | 4/1/32 | 50 | 44 | ||
530,268 | ||||||
Utilities (12.2%) | ||||||
AEP Texas Inc. | 3.800% | 10/1/47 | 814 | 605 | ||
1 | AEP Texas Inc. | 4.150% | 5/1/49 | 1,011 | 811 | |
1 | AEP Texas Inc. | 3.450% | 1/15/50 | 1,464 | 1,048 | |
AEP Texas Inc. | 3.450% | 5/15/51 | 563 | 401 | ||
AEP Texas Inc. | 5.250% | 5/15/52 | 1,118 | 1,061 | ||
AEP Transmission Co. LLC | 4.000% | 12/1/46 | 1,300 | 1,049 | ||
AEP Transmission Co. LLC | 3.750% | 12/1/47 | 1,993 | 1,579 | ||
AEP Transmission Co. LLC | 4.250% | 9/15/48 | 937 | 800 | ||
AEP Transmission Co. LLC | 3.800% | 6/15/49 | 2,213 | 1,760 | ||
1 | AEP Transmission Co. LLC | 3.650% | 4/1/50 | 1,430 | 1,101 | |
1 | AEP Transmission Co. LLC | 2.750% | 8/15/51 | 528 | 338 | |
1 | AEP Transmission Co. LLC | 4.500% | 6/15/52 | 2,630 | 2,336 | |
Alabama Power Co. | 6.125% | 5/15/38 | 957 | 1,024 | ||
Alabama Power Co. | 6.000% | 3/1/39 | 919 | 957 | ||
Alabama Power Co. | 3.850% | 12/1/42 | 358 | 289 | ||
Alabama Power Co. | 4.150% | 8/15/44 | 1,086 | 901 | ||
Alabama Power Co. | 3.750% | 3/1/45 | 3,533 | 2,730 | ||
Alabama Power Co. | 4.300% | 1/2/46 | 1,031 | 863 | ||
1 | Alabama Power Co. | 3.700% | 12/1/47 | 1,606 | 1,234 | |
1 | Alabama Power Co. | 4.300% | 7/15/48 | 1,169 | 980 | |
Alabama Power Co. | 3.450% | 10/1/49 | 932 | 679 | ||
Alabama Power Co. | 3.125% | 7/15/51 | 3,093 | 2,100 | ||
Alabama Power Co. | 3.000% | 3/15/52 | 700 | 462 | ||
Ameren Illinois Co. | 4.150% | 3/15/46 | 1,777 | 1,468 | ||
Ameren Illinois Co. | 3.700% | 12/1/47 | 792 | 627 | ||
Ameren Illinois Co. | 4.500% | 3/15/49 | 2,083 | 1,883 | ||
Ameren Illinois Co. | 3.250% | 3/15/50 | 1,772 | 1,283 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Ameren Illinois Co. | 2.900% | 6/15/51 | 1,120 | 743 | ||
Ameren Illinois Co. | 5.900% | 12/1/52 | 988 | 1,071 | ||
American Electric Power Co. Inc. | 3.250% | 3/1/50 | 791 | 531 | ||
American Water Capital Corp. | 6.593% | 10/15/37 | 405 | 442 | ||
American Water Capital Corp. | 4.300% | 12/1/42 | 1,485 | 1,294 | ||
American Water Capital Corp. | 4.300% | 9/1/45 | 1,166 | 994 | ||
American Water Capital Corp. | 4.000% | 12/1/46 | 347 | 275 | ||
American Water Capital Corp. | 3.750% | 9/1/47 | 3,261 | 2,543 | ||
American Water Capital Corp. | 4.200% | 9/1/48 | 2,890 | 2,415 | ||
American Water Capital Corp. | 4.150% | 6/1/49 | 2,200 | 1,804 | ||
American Water Capital Corp. | 3.450% | 5/1/50 | 1,212 | 892 | ||
American Water Capital Corp. | 3.250% | 6/1/51 | 1,656 | 1,176 | ||
Appalachian Power Co. | 7.000% | 4/1/38 | 2,268 | 2,540 | ||
Appalachian Power Co. | 4.400% | 5/15/44 | 847 | 705 | ||
Appalachian Power Co. | 4.450% | 6/1/45 | 988 | 826 | ||
1 | Appalachian Power Co. | 4.500% | 3/1/49 | 1,981 | 1,656 | |
1 | Appalachian Power Co. | 3.700% | 5/1/50 | 2,023 | 1,514 | |
Arizona Public Service Co. | 5.050% | 9/1/41 | 1,397 | 1,266 | ||
Arizona Public Service Co. | 4.500% | 4/1/42 | 2,346 | 1,970 | ||
Arizona Public Service Co. | 4.350% | 11/15/45 | 560 | 449 | ||
Arizona Public Service Co. | 3.750% | 5/15/46 | 1,008 | 741 | ||
Arizona Public Service Co. | 4.200% | 8/15/48 | 522 | 409 | ||
Arizona Public Service Co. | 4.250% | 3/1/49 | 813 | 639 | ||
Arizona Public Service Co. | 3.500% | 12/1/49 | 789 | 547 | ||
Arizona Public Service Co. | 3.350% | 5/15/50 | 693 | 471 | ||
Arizona Public Service Co. | 2.650% | 9/15/50 | 610 | 368 | ||
Atmos Energy Corp. | 5.500% | 6/15/41 | 457 | 455 | ||
Atmos Energy Corp. | 4.150% | 1/15/43 | 500 | 428 | ||
Atmos Energy Corp. | 4.125% | 10/15/44 | 1,932 | 1,623 | ||
Atmos Energy Corp. | 4.300% | 10/1/48 | 1,702 | 1,464 | ||
Atmos Energy Corp. | 4.125% | 3/15/49 | 3,952 | 3,295 | ||
Atmos Energy Corp. | 3.375% | 9/15/49 | 2,896 | 2,139 | ||
Atmos Energy Corp. | 2.850% | 2/15/52 | 350 | 229 | ||
Atmos Energy Corp. | 5.750% | 10/15/52 | 1,384 | 1,451 | ||
Avista Corp. | 4.350% | 6/1/48 | 655 | 560 | ||
Avista Corp. | 4.000% | 4/1/52 | 1,071 | 859 | ||
Baltimore Gas & Electric Co. | 6.350% | 10/1/36 | 906 | 976 | ||
Baltimore Gas & Electric Co. | 3.500% | 8/15/46 | 1,252 | 942 | ||
1 | Baltimore Gas & Electric Co. | 3.750% | 8/15/47 | 1,965 | 1,537 | |
Baltimore Gas & Electric Co. | 4.250% | 9/15/48 | 506 | 426 | ||
Baltimore Gas & Electric Co. | 3.200% | 9/15/49 | 615 | 437 | ||
Baltimore Gas & Electric Co. | 2.900% | 6/15/50 | 1,075 | 717 | ||
Baltimore Gas & Electric Co. | 4.550% | 6/1/52 | 2,476 | 2,192 | ||
Berkshire Hathaway Energy Co. | 6.125% | 4/1/36 | 5,411 | 5,752 | ||
Berkshire Hathaway Energy Co. | 5.950% | 5/15/37 | 354 | 367 | ||
Berkshire Hathaway Energy Co. | 5.150% | 11/15/43 | 1,437 | 1,361 | ||
Berkshire Hathaway Energy Co. | 4.500% | 2/1/45 | 2,393 | 2,080 | ||
Berkshire Hathaway Energy Co. | 3.800% | 7/15/48 | 2,471 | 1,907 | ||
Berkshire Hathaway Energy Co. | 4.450% | 1/15/49 | 2,001 | 1,724 | ||
Berkshire Hathaway Energy Co. | 4.250% | 10/15/50 | 4,145 | 3,435 | ||
Berkshire Hathaway Energy Co. | 2.850% | 5/15/51 | 2,540 | 1,651 | ||
Berkshire Hathaway Energy Co. | 4.600% | 5/1/53 | 3,390 | 2,974 | ||
Black Hills Corp. | 4.350% | 5/1/33 | 806 | 720 | ||
Black Hills Corp. | 4.200% | 9/15/46 | 1,121 | 858 | ||
Black Hills Corp. | 3.875% | 10/15/49 | 776 | 567 | ||
1 | CenterPoint Energy Houston Electric LLC | 6.950% | 3/15/33 | 1,325 | 1,507 | |
CenterPoint Energy Houston Electric LLC | 3.550% | 8/1/42 | 2,001 | 1,593 | ||
CenterPoint Energy Houston Electric LLC | 4.500% | 4/1/44 | 1,144 | 1,021 | ||
CenterPoint Energy Houston Electric LLC | 3.950% | 3/1/48 | 2,899 | 2,391 | ||
1 | CenterPoint Energy Houston Electric LLC | 4.250% | 2/1/49 | 769 | 669 | |
1 | CenterPoint Energy Houston Electric LLC | 2.900% | 7/1/50 | 1,967 | 1,331 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | CenterPoint Energy Houston Electric LLC | 3.350% | 4/1/51 | 2,635 | 1,943 | |
1 | CenterPoint Energy Houston Electric LLC | 4.850% | 10/1/52 | 748 | 714 | |
CenterPoint Energy Inc. | 3.700% | 9/1/49 | 697 | 527 | ||
CenterPoint Energy Resources Corp. | 5.400% | 3/1/33 | 760 | 770 | ||
CenterPoint Energy Resources Corp. | 5.850% | 1/15/41 | 1,148 | 1,174 | ||
CenterPoint Energy Resources Corp. | 4.100% | 9/1/47 | 454 | 371 | ||
Cleco Corporate Holdings LLC | 4.973% | 5/1/46 | 921 | 776 | ||
Cleveland Electric Illuminating Co. | 5.950% | 12/15/36 | 1,401 | 1,405 | ||
CMS Energy Corp. | 4.875% | 3/1/44 | 1,642 | 1,474 | ||
Commonwealth Edison Co. | 5.900% | 3/15/36 | 1,690 | 1,752 | ||
Commonwealth Edison Co. | 6.450% | 1/15/38 | 1,501 | 1,675 | ||
Commonwealth Edison Co. | 3.800% | 10/1/42 | 500 | 407 | ||
Commonwealth Edison Co. | 4.600% | 8/15/43 | 1,045 | 945 | ||
Commonwealth Edison Co. | 4.700% | 1/15/44 | 1,696 | 1,547 | ||
Commonwealth Edison Co. | 3.700% | 3/1/45 | 1,907 | 1,483 | ||
Commonwealth Edison Co. | 4.350% | 11/15/45 | 1,888 | 1,615 | ||
Commonwealth Edison Co. | 3.650% | 6/15/46 | 2,698 | 2,062 | ||
1 | Commonwealth Edison Co. | 3.750% | 8/15/47 | 625 | 487 | |
Commonwealth Edison Co. | 4.000% | 3/1/48 | 497 | 408 | ||
Commonwealth Edison Co. | 4.000% | 3/1/49 | 2,695 | 2,182 | ||
1 | Commonwealth Edison Co. | 3.200% | 11/15/49 | 262 | 184 | |
Commonwealth Edison Co. | 3.000% | 3/1/50 | 835 | 571 | ||
1 | Commonwealth Edison Co. | 3.125% | 3/15/51 | 1,630 | 1,127 | |
1 | Commonwealth Edison Co. | 2.750% | 9/1/51 | 860 | 549 | |
1 | Commonwealth Edison Co. | 3.850% | 3/15/52 | 1,600 | 1,264 | |
Commonwealth Edison Co. | 5.300% | 2/1/53 | 1,475 | 1,466 | ||
Connecticut Light & Power Co. | 4.300% | 4/15/44 | 1,344 | 1,160 | ||
1 | Connecticut Light & Power Co. | 4.150% | 6/1/45 | 792 | 666 | |
Connecticut Light & Power Co. | 4.000% | 4/1/48 | 1,161 | 971 | ||
Connecticut Light & Power Co. | 5.250% | 1/15/53 | 1,350 | 1,348 | ||
Consolidated Edison Co. of New York Inc. | 5.200% | 3/1/33 | 345 | 346 | ||
1 | Consolidated Edison Co. of New York Inc. | 5.300% | 3/1/35 | 901 | 888 | |
1 | Consolidated Edison Co. of New York Inc. | 5.850% | 3/15/36 | 1,273 | 1,302 | |
1 | Consolidated Edison Co. of New York Inc. | 6.200% | 6/15/36 | 1,045 | 1,121 | |
1 | Consolidated Edison Co. of New York Inc. | 6.300% | 8/15/37 | 515 | 557 | |
1 | Consolidated Edison Co. of New York Inc. | 6.750% | 4/1/38 | 576 | 639 | |
1 | Consolidated Edison Co. of New York Inc. | 5.500% | 12/1/39 | 604 | 587 | |
Consolidated Edison Co. of New York Inc. | 5.700% | 6/15/40 | 2,759 | 2,726 | ||
1 | Consolidated Edison Co. of New York Inc. | 4.200% | 3/15/42 | 1,571 | 1,319 | |
Consolidated Edison Co. of New York Inc. | 3.950% | 3/1/43 | 632 | 511 | ||
Consolidated Edison Co. of New York Inc. | 4.450% | 3/15/44 | 5,785 | 4,933 | ||
Consolidated Edison Co. of New York Inc. | 4.500% | 12/1/45 | 4,689 | 4,012 | ||
Consolidated Edison Co. of New York Inc. | 3.850% | 6/15/46 | 1,098 | 854 | ||
1 | Consolidated Edison Co. of New York Inc. | 3.875% | 6/15/47 | 3,357 | 2,605 | |
1 | Consolidated Edison Co. of New York Inc. | 4.650% | 12/1/48 | 2,315 | 2,029 | |
1 | Consolidated Edison Co. of New York Inc. | 3.950% | 4/1/50 | 815 | 646 | |
Consolidated Edison Co. of New York Inc. | 3.200% | 12/1/51 | 1,035 | 713 | ||
Consolidated Edison Co. of New York Inc. | 6.150% | 11/15/52 | 3,426 | 3,665 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Consolidated Edison Co. of New York Inc. | 4.625% | 12/1/54 | 1,375 | 1,172 | ||
1 | Consolidated Edison Co. of New York Inc. | 4.300% | 12/1/56 | 2,205 | 1,785 | |
1 | Consolidated Edison Co. of New York Inc. | 4.000% | 11/15/57 | 1,031 | 792 | |
Consolidated Edison Co. of New York Inc. | 4.500% | 5/15/58 | 2,212 | 1,838 | ||
Consolidated Edison Co. of New York Inc. | 3.700% | 11/15/59 | 858 | 618 | ||
1 | Consolidated Edison Co. of New York Inc. | 3.000% | 12/1/60 | 575 | 358 | |
Consolidated Edison Co. of New York Inc. | 3.600% | 6/15/61 | 1,085 | 781 | ||
Constellation Energy Generation LLC | 5.800% | 3/1/33 | 541 | 548 | ||
Constellation Energy Generation LLC | 6.250% | 10/1/39 | 640 | 659 | ||
Constellation Energy Generation LLC | 5.750% | 10/1/41 | 3,220 | 3,120 | ||
Constellation Energy Generation LLC | 5.600% | 6/15/42 | 2,028 | 1,948 | ||
Consumers Energy Co. | 4.625% | 5/15/33 | 2,750 | 2,673 | ||
Consumers Energy Co. | 3.950% | 5/15/43 | 600 | 500 | ||
Consumers Energy Co. | 3.250% | 8/15/46 | 956 | 688 | ||
Consumers Energy Co. | 3.950% | 7/15/47 | 415 | 339 | ||
Consumers Energy Co. | 4.050% | 5/15/48 | 1,271 | 1,059 | ||
Consumers Energy Co. | 4.350% | 4/15/49 | 763 | 668 | ||
Consumers Energy Co. | 3.750% | 2/15/50 | 1,849 | 1,473 | ||
Consumers Energy Co. | 3.100% | 8/15/50 | 1,284 | 894 | ||
Consumers Energy Co. | 3.500% | 8/1/51 | 1,339 | 1,013 | ||
Consumers Energy Co. | 2.650% | 8/15/52 | 295 | 187 | ||
Consumers Energy Co. | 4.200% | 9/1/52 | 2,337 | 1,982 | ||
Consumers Energy Co. | 2.500% | 5/1/60 | 1,297 | 728 | ||
Dayton Power & Light Co. | 3.950% | 6/15/49 | 1,167 | 917 | ||
Delmarva Power & Light Co. | 4.150% | 5/15/45 | 970 | 805 | ||
1 | Dominion Energy Inc. | 6.300% | 3/15/33 | 845 | 888 | |
1 | Dominion Energy Inc. | 5.250% | 8/1/33 | 819 | 798 | |
1 | Dominion Energy Inc. | 5.950% | 6/15/35 | 1,059 | 1,089 | |
Dominion Energy Inc. | 7.000% | 6/15/38 | 360 | 395 | ||
1 | Dominion Energy Inc. | 3.300% | 4/15/41 | 2,405 | 1,783 | |
1 | Dominion Energy Inc. | 4.900% | 8/1/41 | 1,329 | 1,172 | |
1 | Dominion Energy Inc. | 4.050% | 9/15/42 | 1,099 | 851 | |
Dominion Energy Inc. | 4.700% | 12/1/44 | 1,721 | 1,478 | ||
1 | Dominion Energy Inc. | 4.600% | 3/15/49 | 1,100 | 936 | |
1 | Dominion Energy Inc. | 4.850% | 8/15/52 | 1,112 | 968 | |
Dominion Energy South Carolina Inc. | 5.300% | 5/15/33 | 1,595 | 1,606 | ||
Dominion Energy South Carolina Inc. | 6.050% | 1/15/38 | 1,100 | 1,177 | ||
Dominion Energy South Carolina Inc. | 5.450% | 2/1/41 | 1,775 | 1,753 | ||
Dominion Energy South Carolina Inc. | 4.600% | 6/15/43 | 1,831 | 1,631 | ||
Dominion Energy South Carolina Inc. | 5.100% | 6/1/65 | 670 | 646 | ||
3 | DTE Electric Co. | 5.200% | 4/1/33 | 1,250 | 1,252 | |
1 | DTE Electric Co. | 4.000% | 4/1/43 | 250 | 210 | |
DTE Electric Co. | 4.300% | 7/1/44 | 2,447 | 2,118 | ||
DTE Electric Co. | 3.700% | 3/15/45 | 824 | 656 | ||
DTE Electric Co. | 3.700% | 6/1/46 | 1,292 | 996 | ||
DTE Electric Co. | 3.750% | 8/15/47 | 730 | 573 | ||
1 | DTE Electric Co. | 4.050% | 5/15/48 | 1,591 | 1,321 | |
DTE Electric Co. | 3.950% | 3/1/49 | 590 | 484 | ||
DTE Electric Co. | 2.950% | 3/1/50 | 439 | 300 | ||
1 | DTE Electric Co. | 3.250% | 4/1/51 | 1,630 | 1,162 | |
1 | DTE Electric Co. | 3.650% | 3/1/52 | 1,026 | 791 | |
3 | DTE Electric Co. | 5.400% | 4/1/53 | 1,500 | 1,511 | |
Duke Energy Carolinas LLC | 6.100% | 6/1/37 | 399 | 420 | ||
Duke Energy Carolinas LLC | 6.000% | 1/15/38 | 971 | 1,025 | ||
Duke Energy Carolinas LLC | 6.050% | 4/15/38 | 1,722 | 1,827 | ||
Duke Energy Carolinas LLC | 5.300% | 2/15/40 | 2,468 | 2,417 | ||
Duke Energy Carolinas LLC | 4.250% | 12/15/41 | 1,641 | 1,413 | ||
Duke Energy Carolinas LLC | 4.000% | 9/30/42 | 1,945 | 1,598 | ||
Duke Energy Carolinas LLC | 3.750% | 6/1/45 | 245 | 191 | ||
Duke Energy Carolinas LLC | 3.875% | 3/15/46 | 680 | 532 | ||
Duke Energy Carolinas LLC | 3.700% | 12/1/47 | 1,205 | 921 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Duke Energy Carolinas LLC | 3.950% | 3/15/48 | 2,802 | 2,244 | ||
Duke Energy Carolinas LLC | 3.200% | 8/15/49 | 1,441 | 1,018 | ||
Duke Energy Carolinas LLC | 3.450% | 4/15/51 | 1,310 | 953 | ||
Duke Energy Carolinas LLC | 3.550% | 3/15/52 | 3,155 | 2,355 | ||
Duke Energy Carolinas LLC | 5.350% | 1/15/53 | 3,325 | 3,285 | ||
Duke Energy Corp. | 3.300% | 6/15/41 | 1,365 | 988 | ||
Duke Energy Corp. | 4.800% | 12/15/45 | 1,874 | 1,646 | ||
Duke Energy Corp. | 3.750% | 9/1/46 | 3,871 | 2,846 | ||
Duke Energy Corp. | 3.950% | 8/15/47 | 2,912 | 2,202 | ||
Duke Energy Corp. | 4.200% | 6/15/49 | 1,121 | 885 | ||
Duke Energy Corp. | 3.500% | 6/15/51 | 2,150 | 1,504 | ||
Duke Energy Corp. | 5.000% | 8/15/52 | 4,553 | 4,043 | ||
Duke Energy Florida LLC | 6.350% | 9/15/37 | 1,866 | 2,011 | ||
Duke Energy Florida LLC | 6.400% | 6/15/38 | 821 | 908 | ||
Duke Energy Florida LLC | 5.650% | 4/1/40 | 1,474 | 1,485 | ||
Duke Energy Florida LLC | 3.850% | 11/15/42 | 530 | 426 | ||
Duke Energy Florida LLC | 3.400% | 10/1/46 | 2,131 | 1,526 | ||
Duke Energy Florida LLC | 4.200% | 7/15/48 | 1,974 | 1,660 | ||
Duke Energy Florida LLC | 3.000% | 12/15/51 | 1,410 | 952 | ||
Duke Energy Florida LLC | 5.950% | 11/15/52 | 2,545 | 2,715 | ||
Duke Energy Indiana LLC | 6.120% | 10/15/35 | 1,156 | 1,204 | ||
Duke Energy Indiana LLC | 6.350% | 8/15/38 | 431 | 471 | ||
Duke Energy Indiana LLC | 6.450% | 4/1/39 | 1,265 | 1,362 | ||
1 | Duke Energy Indiana LLC | 4.900% | 7/15/43 | 1,662 | 1,539 | |
Duke Energy Indiana LLC | 3.750% | 5/15/46 | 521 | 398 | ||
1 | Duke Energy Indiana LLC | 3.250% | 10/1/49 | 947 | 667 | |
Duke Energy Indiana LLC | 2.750% | 4/1/50 | 1,135 | 712 | ||
Duke Energy Ohio Inc. | 3.700% | 6/15/46 | 415 | 300 | ||
Duke Energy Ohio Inc. | 4.300% | 2/1/49 | 1,868 | 1,523 | ||
Duke Energy Progress LLC | 6.300% | 4/1/38 | 1,119 | 1,202 | ||
Duke Energy Progress LLC | 4.100% | 5/15/42 | 1,574 | 1,315 | ||
Duke Energy Progress LLC | 4.100% | 3/15/43 | 484 | 404 | ||
Duke Energy Progress LLC | 4.375% | 3/30/44 | 1,256 | 1,075 | ||
Duke Energy Progress LLC | 4.150% | 12/1/44 | 1,487 | 1,234 | ||
Duke Energy Progress LLC | 4.200% | 8/15/45 | 1,034 | 861 | ||
Duke Energy Progress LLC | 3.700% | 10/15/46 | 2,265 | 1,712 | ||
Duke Energy Progress LLC | 3.600% | 9/15/47 | 361 | 272 | ||
Duke Energy Progress LLC | 2.500% | 8/15/50 | 1,154 | 689 | ||
Duke Energy Progress LLC | 2.900% | 8/15/51 | 1,220 | 797 | ||
Duke Energy Progress LLC | 4.000% | 4/1/52 | 2,602 | 2,071 | ||
1 | Duke Energy Progress NC Storm Funding LLC | 2.387% | 7/1/37 | 825 | 655 | |
El Paso Electric Co. | 6.000% | 5/15/35 | 1,305 | 1,303 | ||
El Paso Electric Co. | 5.000% | 12/1/44 | 443 | 402 | ||
Emera US Finance LP | 4.750% | 6/15/46 | 3,286 | 2,578 | ||
Entergy Arkansas LLC | 4.200% | 4/1/49 | 2,198 | 1,830 | ||
Entergy Arkansas LLC | 2.650% | 6/15/51 | 2,460 | 1,530 | ||
Entergy Arkansas LLC | 3.350% | 6/15/52 | 1,176 | 831 | ||
Entergy Corp. | 3.750% | 6/15/50 | 1,880 | 1,376 | ||
Entergy Louisiana LLC | 4.000% | 3/15/33 | 3,252 | 2,929 | ||
Entergy Louisiana LLC | 3.100% | 6/15/41 | 395 | 296 | ||
Entergy Louisiana LLC | 4.200% | 9/1/48 | 2,042 | 1,717 | ||
Entergy Louisiana LLC | 4.200% | 4/1/50 | 627 | 518 | ||
Entergy Louisiana LLC | 2.900% | 3/15/51 | 2,921 | 1,904 | ||
Entergy Louisiana LLC | 4.750% | 9/15/52 | 2,265 | 2,055 | ||
Entergy Mississippi LLC | 3.850% | 6/1/49 | 2,492 | 1,916 | ||
Entergy Mississippi LLC | 3.500% | 6/1/51 | 306 | 225 | ||
Entergy Texas Inc. | 3.550% | 9/30/49 | 1,635 | 1,184 | ||
Essential Utilities Inc. | 4.276% | 5/1/49 | 1,378 | 1,118 | ||
Essential Utilities Inc. | 3.351% | 4/15/50 | 849 | 592 | ||
Essential Utilities Inc. | 5.300% | 5/1/52 | 1,968 | 1,858 | ||
Evergy Kansas Central Inc. | 4.125% | 3/1/42 | 1,164 | 972 | ||
Evergy Kansas Central Inc. | 4.100% | 4/1/43 | 1,879 | 1,568 | ||
Evergy Kansas Central Inc. | 4.250% | 12/1/45 | 546 | 452 | ||
Evergy Kansas Central Inc. | 3.450% | 4/15/50 | 1,189 | 870 | ||
Evergy Metro Inc. | 5.300% | 10/1/41 | 420 | 408 | ||
Evergy Metro Inc. | 4.200% | 6/15/47 | 990 | 814 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Evergy Metro Inc. | 4.200% | 3/15/48 | 1,791 | 1,484 | ||
1 | Evergy Metro Inc. | 4.125% | 4/1/49 | 2,216 | 1,804 | |
Eversource Energy | 3.450% | 1/15/50 | 1,617 | 1,164 | ||
Exelon Corp. | 5.300% | 3/15/33 | 489 | 483 | ||
1 | Exelon Corp. | 4.950% | 6/15/35 | 895 | 848 | |
Exelon Corp. | 5.625% | 6/15/35 | 2,575 | 2,590 | ||
Exelon Corp. | 5.100% | 6/15/45 | 2,504 | 2,303 | ||
Exelon Corp. | 4.450% | 4/15/46 | 2,760 | 2,296 | ||
Exelon Corp. | 4.700% | 4/15/50 | 2,540 | 2,206 | ||
Exelon Corp. | 4.100% | 3/15/52 | 2,122 | 1,684 | ||
Exelon Corp. | 5.600% | 3/15/53 | 1,095 | 1,070 | ||
Florida Power & Light Co. | 5.625% | 4/1/34 | 1,100 | 1,151 | ||
Florida Power & Light Co. | 4.950% | 6/1/35 | 2,897 | 2,831 | ||
Florida Power & Light Co. | 5.650% | 2/1/37 | 648 | 664 | ||
Florida Power & Light Co. | 5.950% | 2/1/38 | 1,472 | 1,551 | ||
Florida Power & Light Co. | 5.960% | 4/1/39 | 1,510 | 1,609 | ||
Florida Power & Light Co. | 5.690% | 3/1/40 | 1,025 | 1,068 | ||
Florida Power & Light Co. | 5.250% | 2/1/41 | 2,805 | 2,777 | ||
Florida Power & Light Co. | 4.125% | 2/1/42 | 2,255 | 1,914 | ||
Florida Power & Light Co. | 4.050% | 6/1/42 | 2,177 | 1,849 | ||
Florida Power & Light Co. | 3.800% | 12/15/42 | 744 | 613 | ||
Florida Power & Light Co. | 4.050% | 10/1/44 | 755 | 634 | ||
Florida Power & Light Co. | 3.700% | 12/1/47 | 992 | 782 | ||
Florida Power & Light Co. | 3.950% | 3/1/48 | 3,323 | 2,720 | ||
Florida Power & Light Co. | 4.125% | 6/1/48 | 1,156 | 975 | ||
Florida Power & Light Co. | 3.990% | 3/1/49 | 860 | 711 | ||
Florida Power & Light Co. | 3.150% | 10/1/49 | 1,882 | 1,334 | ||
Florida Power & Light Co. | 2.875% | 12/4/51 | 1,152 | 768 | ||
1 | Georgia Power Co. | 4.750% | 9/1/40 | 1,201 | 1,077 | |
Georgia Power Co. | 4.300% | 3/15/42 | 3,562 | 2,998 | ||
Georgia Power Co. | 4.300% | 3/15/43 | 1,153 | 963 | ||
1 | Georgia Power Co. | 3.700% | 1/30/50 | 2,435 | 1,800 | |
1 | Georgia Power Co. | 3.250% | 3/15/51 | 2,304 | 1,559 | |
Georgia Power Co. | 5.125% | 5/15/52 | 2,200 | 2,055 | ||
Iberdrola International BV | 6.750% | 7/15/36 | 681 | 742 | ||
1 | Idaho Power Co. | 4.200% | 3/1/48 | 1,395 | 1,164 | |
Indiana Michigan Power Co. | 6.050% | 3/15/37 | 423 | 441 | ||
1 | Indiana Michigan Power Co. | 4.550% | 3/15/46 | 1,663 | 1,419 | |
1 | Indiana Michigan Power Co. | 3.750% | 7/1/47 | 1,534 | 1,154 | |
Indiana Michigan Power Co. | 4.250% | 8/15/48 | 1,166 | 958 | ||
Indiana Michigan Power Co. | 3.250% | 5/1/51 | 585 | 404 | ||
Interstate Power & Light Co. | 6.250% | 7/15/39 | 562 | 587 | ||
Interstate Power & Light Co. | 3.700% | 9/15/46 | 649 | 476 | ||
Interstate Power & Light Co. | 3.500% | 9/30/49 | 1,513 | 1,103 | ||
Interstate Power & Light Co. | 3.100% | 11/30/51 | 991 | 657 | ||
ITC Holdings Corp. | 5.300% | 7/1/43 | 1,072 | 1,006 | ||
1 | John Sevier Combined Cycle Generation LLC | 4.626% | 1/15/42 | 903 | 860 | |
Kentucky Utilities Co. | 5.125% | 11/1/40 | 1,221 | 1,169 | ||
Kentucky Utilities Co. | 4.375% | 10/1/45 | 680 | 573 | ||
Kentucky Utilities Co. | 3.300% | 6/1/50 | 750 | 531 | ||
Louisville Gas & Electric Co. | 4.250% | 4/1/49 | 4,117 | 3,492 | ||
1 | MidAmerican Energy Co. | 5.750% | 11/1/35 | 1,817 | 1,889 | |
1 | MidAmerican Energy Co. | 5.800% | 10/15/36 | 1,509 | 1,585 | |
MidAmerican Energy Co. | 4.800% | 9/15/43 | 2,893 | 2,686 | ||
MidAmerican Energy Co. | 4.400% | 10/15/44 | 2,275 | 2,015 | ||
MidAmerican Energy Co. | 4.250% | 5/1/46 | 1,000 | 844 | ||
MidAmerican Energy Co. | 3.650% | 8/1/48 | 450 | 350 | ||
MidAmerican Energy Co. | 4.250% | 7/15/49 | 1,925 | 1,663 | ||
MidAmerican Energy Co. | 3.150% | 4/15/50 | 2,370 | 1,693 | ||
MidAmerican Energy Co. | 2.700% | 8/1/52 | 435 | 282 | ||
1 | Mississippi Power Co. | 4.250% | 3/15/42 | 1,359 | 1,118 | |
1 | Mississippi Power Co. | 3.100% | 7/30/51 | 290 | 189 | |
National Grid USA | 5.803% | 4/1/35 | 372 | 361 | ||
National Rural Utilities Cooperative Finance Corp. | 4.400% | 11/1/48 | 797 | 679 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
National Rural Utilities Cooperative Finance Corp. | 4.300% | 3/15/49 | 1,898 | 1,612 | ||
1 | Nevada Power Co. | 6.650% | 4/1/36 | 1,530 | 1,687 | |
1 | Nevada Power Co. | 6.750% | 7/1/37 | 1,900 | 2,114 | |
1 | Nevada Power Co. | 3.125% | 8/1/50 | 749 | 516 | |
1 | Nevada Power Co. | 5.900% | 5/1/53 | 800 | 861 | |
NextEra Energy Capital Holdings Inc. | 3.000% | 1/15/52 | 2,185 | 1,429 | ||
NextEra Energy Capital Holdings Inc. | 5.250% | 2/28/53 | 3,300 | 3,126 | ||
NiSource Inc. | 5.950% | 6/15/41 | 503 | 509 | ||
NiSource Inc. | 5.250% | 2/15/43 | 1,106 | 1,057 | ||
NiSource Inc. | 4.800% | 2/15/44 | 2,261 | 2,013 | ||
NiSource Inc. | 5.650% | 2/1/45 | 1,845 | 1,812 | ||
NiSource Inc. | 4.375% | 5/15/47 | 3,522 | 2,945 | ||
NiSource Inc. | 3.950% | 3/30/48 | 2,262 | 1,768 | ||
NiSource Inc. | 5.000% | 6/15/52 | 993 | 907 | ||
Northern States Power Co. | 6.250% | 6/1/36 | 485 | 519 | ||
Northern States Power Co. | 6.200% | 7/1/37 | 790 | 845 | ||
Northern States Power Co. | 5.350% | 11/1/39 | 1,257 | 1,262 | ||
Northern States Power Co. | 3.400% | 8/15/42 | 475 | 373 | ||
Northern States Power Co. | 4.125% | 5/15/44 | 273 | 233 | ||
Northern States Power Co. | 4.000% | 8/15/45 | 1,325 | 1,094 | ||
Northern States Power Co. | 3.600% | 5/15/46 | 2,689 | 2,068 | ||
Northern States Power Co. | 3.600% | 9/15/47 | 737 | 572 | ||
Northern States Power Co. | 2.900% | 3/1/50 | 1,884 | 1,279 | ||
Northern States Power Co. | 2.600% | 6/1/51 | 1,974 | 1,261 | ||
Northern States Power Co. | 3.200% | 4/1/52 | 405 | 289 | ||
Northern States Power Co. | 4.500% | 6/1/52 | 1,613 | 1,454 | ||
NorthWestern Corp. | 4.176% | 11/15/44 | 1,169 | 969 | ||
NSTAR Electric Co. | 5.500% | 3/15/40 | 1,451 | 1,470 | ||
NSTAR Electric Co. | 4.400% | 3/1/44 | 957 | 837 | ||
NSTAR Electric Co. | 4.550% | 6/1/52 | 1,400 | 1,264 | ||
NSTAR Electric Co. | 4.950% | 9/15/52 | 1,581 | 1,509 | ||
Oglethorpe Power Corp. | 5.950% | 11/1/39 | 465 | 463 | ||
Oglethorpe Power Corp. | 5.375% | 11/1/40 | 2,180 | 2,011 | ||
2 | Oglethorpe Power Corp. | 4.500% | 4/1/47 | 390 | 318 | |
Oglethorpe Power Corp. | 5.050% | 10/1/48 | 1,010 | 881 | ||
Oglethorpe Power Corp. | 3.750% | 8/1/50 | 1,191 | 873 | ||
Oglethorpe Power Corp. | 5.250% | 9/1/50 | 1,753 | 1,593 | ||
Ohio Power Co. | 4.150% | 4/1/48 | 1,335 | 1,107 | ||
Ohio Power Co. | 4.000% | 6/1/49 | 1,490 | 1,194 | ||
1 | Ohio Power Co. | 2.900% | 10/1/51 | 1,325 | 874 | |
Oklahoma Gas & Electric Co. | 4.150% | 4/1/47 | 360 | 288 | ||
Oklahoma Gas & Electric Co. | 3.850% | 8/15/47 | 656 | 500 | ||
Oncor Electric Delivery Co. LLC | 7.500% | 9/1/38 | 1,190 | 1,443 | ||
Oncor Electric Delivery Co. LLC | 5.250% | 9/30/40 | 745 | 739 | ||
Oncor Electric Delivery Co. LLC | 4.550% | 12/1/41 | 1,377 | 1,263 | ||
Oncor Electric Delivery Co. LLC | 5.300% | 6/1/42 | 1,279 | 1,283 | ||
Oncor Electric Delivery Co. LLC | 3.750% | 4/1/45 | 772 | 623 | ||
Oncor Electric Delivery Co. LLC | 3.800% | 9/30/47 | 2,222 | 1,802 | ||
Oncor Electric Delivery Co. LLC | 4.100% | 11/15/48 | 2,190 | 1,857 | ||
Oncor Electric Delivery Co. LLC | 3.800% | 6/1/49 | 2,150 | 1,733 | ||
1 | Oncor Electric Delivery Co. LLC | 3.100% | 9/15/49 | 980 | 688 | |
Oncor Electric Delivery Co. LLC | 2.700% | 11/15/51 | 395 | 256 | ||
Oncor Electric Delivery Co. LLC | 4.600% | 6/1/52 | 1,356 | 1,231 | ||
Oncor Electric Delivery Co. LLC | 4.950% | 9/15/52 | 1,395 | 1,341 | ||
Oncor Electric Delivery Co. LLC | 5.350% | 10/1/52 | 771 | 784 | ||
ONE Gas Inc. | 4.658% | 2/1/44 | 895 | 800 | ||
ONE Gas Inc. | 4.500% | 11/1/48 | 1,315 | 1,122 | ||
Pacific Gas & Electric Co. | 4.500% | 7/1/40 | 5,595 | 4,381 | ||
Pacific Gas & Electric Co. | 3.300% | 8/1/40 | 3,179 | 2,152 | ||
Pacific Gas & Electric Co. | 4.200% | 6/1/41 | 3,203 | 2,415 | ||
Pacific Gas & Electric Co. | 4.750% | 2/15/44 | 2,630 | 2,059 | ||
Pacific Gas & Electric Co. | 4.300% | 3/15/45 | 444 | 321 | ||
Pacific Gas & Electric Co. | 3.950% | 12/1/47 | 3,189 | 2,184 | ||
Pacific Gas & Electric Co. | 4.950% | 7/1/50 | 10,868 | 8,586 | ||
Pacific Gas & Electric Co. | 3.500% | 8/1/50 | 5,109 | 3,216 | ||
Pacific Gas & Electric Co. | 5.250% | 3/1/52 | 2,977 | 2,451 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Pacific Gas & Electric Co. | 6.750% | 1/15/53 | 2,410 | 2,396 | ||
PacifiCorp | 5.250% | 6/15/35 | 1,687 | 1,689 | ||
PacifiCorp | 6.100% | 8/1/36 | 335 | 352 | ||
PacifiCorp | 5.750% | 4/1/37 | 446 | 456 | ||
PacifiCorp | 6.250% | 10/15/37 | 1,030 | 1,109 | ||
PacifiCorp | 6.350% | 7/15/38 | 1,395 | 1,519 | ||
PacifiCorp | 6.000% | 1/15/39 | 1,439 | 1,499 | ||
PacifiCorp | 4.100% | 2/1/42 | 740 | 630 | ||
PacifiCorp | 4.125% | 1/15/49 | 670 | 555 | ||
PacifiCorp | 4.150% | 2/15/50 | 3,818 | 3,154 | ||
PacifiCorp | 3.300% | 3/15/51 | 2,645 | 1,887 | ||
PacifiCorp | 2.900% | 6/15/52 | 505 | 334 | ||
PacifiCorp | 5.350% | 12/1/53 | 3,835 | 3,784 | ||
PECO Energy Co. | 5.950% | 10/1/36 | 548 | 572 | ||
PECO Energy Co. | 4.150% | 10/1/44 | 996 | 838 | ||
PECO Energy Co. | 3.900% | 3/1/48 | 402 | 328 | ||
PECO Energy Co. | 3.000% | 9/15/49 | 879 | 603 | ||
PECO Energy Co. | 2.800% | 6/15/50 | 1,093 | 712 | ||
PECO Energy Co. | 3.050% | 3/15/51 | 1,390 | 953 | ||
PECO Energy Co. | 2.850% | 9/15/51 | 1,785 | 1,175 | ||
PECO Energy Co. | 4.600% | 5/15/52 | 2,365 | 2,138 | ||
Piedmont Natural Gas Co. Inc. | 4.650% | 8/1/43 | 790 | 686 | ||
Piedmont Natural Gas Co. Inc. | 3.640% | 11/1/46 | 936 | 667 | ||
Piedmont Natural Gas Co. Inc. | 3.350% | 6/1/50 | 1,459 | 993 | ||
Piedmont Natural Gas Co. Inc. | 5.050% | 5/15/52 | 330 | 301 | ||
Potomac Electric Power Co. | 6.500% | 11/15/37 | 1,018 | 1,122 | ||
Potomac Electric Power Co. | 4.150% | 3/15/43 | 1,339 | 1,148 | ||
3 | PPL Electric Utilities Corp. | 5.000% | 5/15/33 | 1,500 | 1,488 | |
PPL Electric Utilities Corp. | 6.250% | 5/15/39 | 428 | 463 | ||
PPL Electric Utilities Corp. | 4.750% | 7/15/43 | 270 | 247 | ||
PPL Electric Utilities Corp. | 4.125% | 6/15/44 | 1,317 | 1,107 | ||
PPL Electric Utilities Corp. | 4.150% | 10/1/45 | 351 | 294 | ||
PPL Electric Utilities Corp. | 3.950% | 6/1/47 | 1,785 | 1,486 | ||
PPL Electric Utilities Corp. | 4.150% | 6/15/48 | 803 | 687 | ||
PPL Electric Utilities Corp. | 3.000% | 10/1/49 | 1,095 | 761 | ||
3 | PPL Electric Utilities Corp. | 5.250% | 5/15/53 | 1,000 | 986 | |
Progress Energy Inc. | 6.000% | 12/1/39 | 1,742 | 1,752 | ||
1 | Public Service Co. of Colorado | 6.250% | 9/1/37 | 1,499 | 1,636 | |
Public Service Co. of Colorado | 6.500% | 8/1/38 | 922 | 1,020 | ||
Public Service Co. of Colorado | 3.600% | 9/15/42 | 1,131 | 897 | ||
Public Service Co. of Colorado | 4.300% | 3/15/44 | 1,170 | 1,017 | ||
Public Service Co. of Colorado | 3.800% | 6/15/47 | 649 | 517 | ||
Public Service Co. of Colorado | 4.100% | 6/15/48 | 619 | 515 | ||
Public Service Co. of Colorado | 4.050% | 9/15/49 | 3,120 | 2,548 | ||
1 | Public Service Co. of Colorado | 3.200% | 3/1/50 | 763 | 548 | |
1 | Public Service Co. of Colorado | 2.700% | 1/15/51 | 1,105 | 719 | |
1 | Public Service Co. of Colorado | 4.500% | 6/1/52 | 2,590 | 2,311 | |
Public Service Co. of New Hampshire | 3.600% | 7/1/49 | 1,805 | 1,398 | ||
Public Service Co. of New Hampshire | 5.150% | 1/15/53 | 1,139 | 1,125 | ||
1 | Public Service Co. of Oklahoma | 3.150% | 8/15/51 | 1,096 | 733 | |
1 | Public Service Electric & Gas Co. | 5.800% | 5/1/37 | 480 | 499 | |
1 | Public Service Electric & Gas Co. | 5.500% | 3/1/40 | 1,100 | 1,126 | |
1 | Public Service Electric & Gas Co. | 3.950% | 5/1/42 | 1,140 | 955 | |
1 | Public Service Electric & Gas Co. | 3.650% | 9/1/42 | 928 | 742 | |
1 | Public Service Electric & Gas Co. | 3.800% | 1/1/43 | 360 | 300 | |
1 | Public Service Electric & Gas Co. | 3.800% | 3/1/46 | 825 | 658 | |
1 | Public Service Electric & Gas Co. | 3.600% | 12/1/47 | 520 | 403 | |
1 | Public Service Electric & Gas Co. | 4.050% | 5/1/48 | 1,584 | 1,342 | |
1 | Public Service Electric & Gas Co. | 3.850% | 5/1/49 | 1,148 | 934 | |
1 | Public Service Electric & Gas Co. | 3.200% | 8/1/49 | 1,185 | 864 | |
1 | Public Service Electric & Gas Co. | 3.150% | 1/1/50 | 1,119 | 806 | |
1 | Public Service Electric & Gas Co. | 2.700% | 5/1/50 | 1,163 | 766 | |
1 | Public Service Electric & Gas Co. | 2.050% | 8/1/50 | 1,080 | 611 | |
Puget Sound Energy Inc. | 6.274% | 3/15/37 | 967 | 1,019 | ||
Puget Sound Energy Inc. | 5.757% | 10/1/39 | 521 | 524 | ||
Puget Sound Energy Inc. | 5.795% | 3/15/40 | 765 | 775 | ||
Puget Sound Energy Inc. | 5.638% | 4/15/41 | 756 | 761 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Puget Sound Energy Inc. | 4.300% | 5/20/45 | 1,023 | 839 | ||
Puget Sound Energy Inc. | 4.223% | 6/15/48 | 1,814 | 1,521 | ||
Puget Sound Energy Inc. | 3.250% | 9/15/49 | 1,340 | 948 | ||
Puget Sound Energy Inc. | 2.893% | 9/15/51 | 750 | 488 | ||
San Diego Gas & Electric Co. | 6.000% | 6/1/39 | 1,080 | 1,125 | ||
San Diego Gas & Electric Co. | 4.500% | 8/15/40 | 611 | 550 | ||
1 | San Diego Gas & Electric Co. | 3.750% | 6/1/47 | 2,505 | 1,944 | |
San Diego Gas & Electric Co. | 4.150% | 5/15/48 | 1,060 | 888 | ||
1 | San Diego Gas & Electric Co. | 4.100% | 6/15/49 | 1,644 | 1,336 | |
1 | San Diego Gas & Electric Co. | 3.320% | 4/15/50 | 770 | 549 | |
1 | San Diego Gas & Electric Co. | 2.950% | 8/15/51 | 1,350 | 895 | |
San Diego Gas & Electric Co. | 3.700% | 3/15/52 | 1,900 | 1,472 | ||
Sempra Energy | 3.800% | 2/1/38 | 3,433 | 2,820 | ||
Sempra Energy | 6.000% | 10/15/39 | 1,284 | 1,306 | ||
Sempra Energy | 4.000% | 2/1/48 | 2,382 | 1,846 | ||
Southern California Edison Co. | 6.000% | 1/15/34 | 1,452 | 1,517 | ||
1 | Southern California Edison Co. | 5.750% | 4/1/35 | 813 | 825 | |
1 | Southern California Edison Co. | 5.350% | 7/15/35 | 790 | 775 | |
Southern California Edison Co. | 5.625% | 2/1/36 | 419 | 414 | ||
1 | Southern California Edison Co. | 5.550% | 1/15/37 | 353 | 347 | |
1 | Southern California Edison Co. | 5.950% | 2/1/38 | 2,391 | 2,452 | |
Southern California Edison Co. | 6.050% | 3/15/39 | 1,679 | 1,725 | ||
Southern California Edison Co. | 5.500% | 3/15/40 | 3,052 | 2,972 | ||
Southern California Edison Co. | 4.500% | 9/1/40 | 1,855 | 1,592 | ||
Southern California Edison Co. | 4.050% | 3/15/42 | 1,380 | 1,112 | ||
1 | Southern California Edison Co. | 3.900% | 3/15/43 | 868 | 680 | |
Southern California Edison Co. | 4.650% | 10/1/43 | 2,473 | 2,147 | ||
1 | Southern California Edison Co. | 3.600% | 2/1/45 | 1,879 | 1,362 | |
Southern California Edison Co. | 4.000% | 4/1/47 | 2,387 | 1,869 | ||
1 | Southern California Edison Co. | 4.125% | 3/1/48 | 2,103 | 1,673 | |
1 | Southern California Edison Co. | 4.875% | 3/1/49 | 1,731 | 1,542 | |
Southern California Edison Co. | 3.650% | 2/1/50 | 3,543 | 2,607 | ||
1 | Southern California Edison Co. | 2.950% | 2/1/51 | 1,444 | 928 | |
1 | Southern California Edison Co. | 3.650% | 6/1/51 | 2,530 | 1,869 | |
Southern California Edison Co. | 3.450% | 2/1/52 | 3,875 | 2,748 | ||
1 | Southern California Edison Co. | 5.450% | 6/1/52 | 645 | 624 | |
3 | Southern California Edison Co. | 5.700% | 3/1/53 | 1,000 | 1,000 | |
Southern California Gas Co. | 5.125% | 11/15/40 | 905 | 848 | ||
Southern California Gas Co. | 3.750% | 9/15/42 | 365 | 286 | ||
1 | Southern California Gas Co. | 4.125% | 6/1/48 | 251 | 201 | |
1 | Southern California Gas Co. | 4.300% | 1/15/49 | 1,022 | 836 | |
1 | Southern California Gas Co. | 3.950% | 2/15/50 | 1,915 | 1,468 | |
Southern California Gas Co. | 6.350% | 11/15/52 | 2,860 | 3,130 | ||
Southern Co. | 4.250% | 7/1/36 | 1,181 | 1,027 | ||
Southern Co. | 4.400% | 7/1/46 | 5,601 | 4,594 | ||
Southern Co. Gas Capital Corp. | 5.875% | 3/15/41 | 733 | 741 | ||
Southern Co. Gas Capital Corp. | 4.400% | 6/1/43 | 1,344 | 1,100 | ||
Southern Co. Gas Capital Corp. | 3.950% | 10/1/46 | 2,113 | 1,582 | ||
Southern Co. Gas Capital Corp. | 4.400% | 5/30/47 | 3,098 | 2,509 | ||
Southern Power Co. | 5.150% | 9/15/41 | 1,769 | 1,609 | ||
Southern Power Co. | 5.250% | 7/15/43 | 665 | 603 | ||
1 | Southern Power Co. | 4.950% | 12/15/46 | 1,306 | 1,123 | |
Southwest Gas Corp. | 3.800% | 9/29/46 | 1,084 | 780 | ||
Southwest Gas Corp. | 4.150% | 6/1/49 | 733 | 563 | ||
Southwestern Electric Power Co. | 6.200% | 3/15/40 | 677 | 696 | ||
1 | Southwestern Electric Power Co. | 3.900% | 4/1/45 | 404 | 310 | |
1 | Southwestern Electric Power Co. | 3.850% | 2/1/48 | 1,277 | 958 | |
Southwestern Electric Power Co. | 3.250% | 11/1/51 | 520 | 348 | ||
Southwestern Public Service Co. | 4.500% | 8/15/41 | 560 | 490 | ||
Southwestern Public Service Co. | 3.400% | 8/15/46 | 317 | 228 | ||
Southwestern Public Service Co. | 3.700% | 8/15/47 | 215 | 163 | ||
1 | Southwestern Public Service Co. | 4.400% | 11/15/48 | 1,090 | 926 | |
Southwestern Public Service Co. | 3.750% | 6/15/49 | 1,298 | 989 | ||
1 | Southwestern Public Service Co. | 3.150% | 5/1/50 | 1,978 | 1,380 | |
Spire Missouri Inc. | 3.300% | 6/1/51 | 687 | 483 | ||
Tampa Electric Co. | 4.100% | 6/15/42 | 820 | 680 | ||
Tampa Electric Co. | 4.300% | 6/15/48 | 1,199 | 992 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Tampa Electric Co. | 4.450% | 6/15/49 | 1,602 | 1,339 | ||
Tampa Electric Co. | 3.625% | 6/15/50 | 1,465 | 1,084 | ||
Tampa Electric Co. | 3.450% | 3/15/51 | 745 | 533 | ||
Tampa Electric Co. | 5.000% | 7/15/52 | 705 | 653 | ||
Toledo Edison Co. | 6.150% | 5/15/37 | 539 | 563 | ||
Tucson Electric Power Co. | 4.850% | 12/1/48 | 1,320 | 1,159 | ||
Tucson Electric Power Co. | 4.000% | 6/15/50 | 266 | 207 | ||
Tucson Electric Power Co. | 5.500% | 4/15/53 | 1,765 | 1,743 | ||
Union Electric Co. | 5.300% | 8/1/37 | 541 | 528 | ||
Union Electric Co. | 3.900% | 9/15/42 | 450 | 368 | ||
Union Electric Co. | 3.650% | 4/15/45 | 2,102 | 1,609 | ||
Union Electric Co. | 4.000% | 4/1/48 | 1,964 | 1,579 | ||
Union Electric Co. | 3.250% | 10/1/49 | 955 | 676 | ||
Union Electric Co. | 2.625% | 3/15/51 | 555 | 353 | ||
Union Electric Co. | 3.900% | 4/1/52 | 920 | 737 | ||
3 | Union Electric Co. | 5.450% | 3/15/53 | 655 | 656 | |
1 | Virginia Electric & Power Co. | 6.000% | 1/15/36 | 1,262 | 1,318 | |
1 | Virginia Electric & Power Co. | 6.000% | 5/15/37 | 1,316 | 1,384 | |
Virginia Electric & Power Co. | 6.350% | 11/30/37 | 787 | 838 | ||
Virginia Electric & Power Co. | 8.875% | 11/15/38 | 2,295 | 3,078 | ||
Virginia Electric & Power Co. | 4.000% | 1/15/43 | 561 | 461 | ||
1 | Virginia Electric & Power Co. | 4.650% | 8/15/43 | 3,825 | 3,389 | |
Virginia Electric & Power Co. | 4.450% | 2/15/44 | 2,002 | 1,721 | ||
1 | Virginia Electric & Power Co. | 4.200% | 5/15/45 | 3,670 | 2,995 | |
1 | Virginia Electric & Power Co. | 4.000% | 11/15/46 | 1,408 | 1,109 | |
Virginia Electric & Power Co. | 4.600% | 12/1/48 | 2,722 | 2,359 | ||
Virginia Electric & Power Co. | 3.300% | 12/1/49 | 2,065 | 1,487 | ||
Virginia Electric & Power Co. | 2.950% | 11/15/51 | 936 | 616 | ||
1 | Virginia Electric & Power Co. | 4.625% | 5/15/52 | 5,037 | 4,426 | |
1 | Washington Gas Light Co. | 3.796% | 9/15/46 | 1,138 | 873 | |
1 | Washington Gas Light Co. | 3.650% | 9/15/49 | 1,487 | 1,113 | |
Wisconsin Electric Power Co. | 5.625% | 5/15/33 | 787 | 822 | ||
Wisconsin Electric Power Co. | 5.700% | 12/1/36 | 415 | 421 | ||
Wisconsin Electric Power Co. | 4.300% | 10/15/48 | 1,800 | 1,530 | ||
Wisconsin Power & Light Co. | 6.375% | 8/15/37 | 706 | 752 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Wisconsin Power & Light Co. | 3.650% | 4/1/50 | 243 | 180 | ||
Wisconsin Public Service Corp. | 3.671% | 12/1/42 | 614 | 472 | ||
Wisconsin Public Service Corp. | 4.752% | 11/1/44 | 283 | 252 | ||
Wisconsin Public Service Corp. | 3.300% | 9/1/49 | 2,165 | 1,574 | ||
Wisconsin Public Service Corp. | 2.850% | 12/1/51 | 1,123 | 741 | ||
Xcel Energy Inc. | 6.500% | 7/1/36 | 806 | 868 | ||
Xcel Energy Inc. | 3.500% | 12/1/49 | 1,478 | 1,072 | ||
706,998 | ||||||
Total Corporate Bonds (Cost $7,031,738) | 5,723,123 | |||||
Shares | ||||||
Temporary Cash Investments (0.6%) | ||||||
Money Market Fund (0.6%) | ||||||
5 | Vanguard Market Liquidity Fund (Cost $38,115) | 4.640% | 381,207 | 38,117 | ||
Total Investments (99.0%) (Cost $7,074,033) | 5,765,427 | |||||
Other Assets and Liabilities—Net (1.0%) | 58,537 | |||||
Net Assets (100%) | 5,823,964 |
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, 2023, the aggregate value was $121,863,000, representing 2.1% 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, 2023. |
4 | Securities with a value of $346,000 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. |
DAC—Designated Activity Company. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
Long U.S. Treasury Bond | June 2023 | 128 | 16,028 | (12) |
Short Futures Contracts | ||||
Ultra 10-Year U.S. Treasury Note | June 2023 | (160) | (18,750) | 19 |
Ultra Long U.S. Treasury Bond | June 2023 | (27) | (3,647) | (3) |
16 | ||||
4 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $7,035,918) | 5,727,310 |
Affiliated Issuers (Cost $38,115) | 38,117 |
Total Investments in Securities | 5,765,427 |
Investment in Vanguard | 213 |
Cash | 3,046 |
Receivables for Investment Securities Sold | 79,370 |
Receivables for Accrued Income | 83,097 |
Receivables for Capital Shares Issued | 86 |
Variation Margin Receivable—Futures Contracts | 14 |
Total Assets | 5,931,253 |
Liabilities | |
Payables for Investment Securities Purchased | 106,281 |
Payables for Capital Shares Redeemed | 534 |
Payables for Distributions | 385 |
Payables to Vanguard | 89 |
Total Liabilities | 107,289 |
Net Assets | 5,823,964 |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 7,515,495 |
Total Distributable Earnings (Loss) | (1,691,531) |
Net Assets | 5,823,964 |
ETF Shares—Net Assets | |
Applicable to 68,446,377 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 5,234,916 |
Net Asset Value Per Share—ETF Shares | $76.48 |
Admiral Shares—Net Assets | |
Applicable to 14,192,077 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 290,572 |
Net Asset Value Per Share—Admiral Shares | $20.47 |
Institutional Shares—Net Assets | |
Applicable to 11,748,587 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 298,476 |
Net Asset Value Per Share—Institutional Shares | $25.41 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 124,252 |
Total Income | 124,252 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 71 |
Management and Administrative—ETF Shares | 664 |
Management and Administrative—Admiral Shares | 85 |
Management and Administrative—Institutional Shares | 63 |
Marketing and Distribution—ETF Shares | 138 |
Marketing and Distribution—Admiral Shares | 8 |
Marketing and Distribution—Institutional Shares | 4 |
Custodian Fees | 48 |
Shareholders’ Reports—ETF Shares | 54 |
Shareholders’ Reports—Admiral Shares | 2 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 18 |
Total Expenses | 1,156 |
Expenses Paid Indirectly | (47) |
Net Expenses | 1,109 |
Net Investment Income | 123,143 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | (254,816) |
Futures Contracts | (578) |
Realized Net Gain (Loss) | (255,394) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | (19,063) |
Futures Contracts | 3 |
Change in Unrealized Appreciation (Depreciation) | (19,060) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (151,311) |
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 $426,000, $3,000, less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes ($131,606,000) of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 123,143 | 189,807 | |
Realized Net Gain (Loss) | (255,394) | (185,003) | |
Change in Unrealized Appreciation (Depreciation) | (19,060) | (1,393,901) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (151,311) | (1,389,097) | |
Distributions | |||
ETF Shares | (107,100) | (167,480) | |
Admiral Shares | (6,484) | (9,804) | |
Institutional Shares | (6,597) | (10,486) | |
Total Distributions | (120,181) | (187,770) | |
Capital Share Transactions | |||
ETF Shares | 935,165 | 432,025 | |
Admiral Shares | 31,911 | 42,334 | |
Institutional Shares | 46,570 | 13,539 | |
Net Increase (Decrease) from Capital Share Transactions | 1,013,646 | 487,898 | |
Total Increase (Decrease) | 742,154 | (1,088,969) | |
Net Assets | |||
Beginning of Period | 5,081,810 | 6,170,779 | |
End of Period | 5,823,964 | 5,081,810 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $80.54 | $108.31 | $107.01 | $102.86 | $88.35 | $94.07 |
Investment Operations | ||||||
Net Investment Income1 | 1.785 | 3.286 | 3.294 | 3.701 | 3.936 | 3.880 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (4.085) | (27.794) | 1.288 | 4.189 | 14.458 | (5.722) |
Total from Investment Operations | (2.300) | (24.508) | 4.582 | 7.890 | 18.394 | (1.842) |
Distributions | ||||||
Dividends from Net Investment Income | (1.760) | (3.262) | (3.282) | (3.740) | (3.884) | (3.878) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.760) | (3.262) | (3.282) | (3.740) | (3.884) | (3.878) |
Net Asset Value, End of Period | $76.48 | $80.54 | $108.31 | $107.01 | $102.86 | $88.35 |
Total Return | -2.85% | -23.06% | 4.39% | 7.90% | 21.60% | -2.01% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $5,235 | $4,545 | $5,517 | $5,214 | $4,074 | $2,509 |
Ratio of Total Expenses to Average Net Assets | 0.04%3 | 0.04%3 | 0.04% | 0.05% | 0.05% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 4.69% | 3.47% | 3.10% | 3.60% | 4.36% | 4.26% |
Portfolio Turnover Rate4 | 17% | 31% | 36% | 62% | 47% | 48% |
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 $.02, $.01, $.03, $.00, $.00, and $.09. |
3 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.04%. |
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. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $21.56 | $29.03 | $28.68 | $27.55 | $23.65 | $25.18 |
Investment Operations | ||||||
Net Investment Income1 | .476 | .875 | .877 | .988 | 1.053 | 1.043 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (1.097) | (7.473) | .345 | 1.125 | 3.895 | (1.536) |
Total from Investment Operations | (.621) | (6.598) | 1.222 | 2.113 | 4.948 | (.493) |
Distributions | ||||||
Dividends from Net Investment Income | (.469) | (.872) | (.872) | (.983) | (1.048) | (1.037) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.469) | (.872) | (.872) | (.983) | (1.048) | (1.037) |
Net Asset Value, End of Period | $20.47 | $21.56 | $29.03 | $28.68 | $27.55 | $23.65 |
Total Return3 | -2.85% | -23.10% | 4.37% | 7.87% | 21.64% | -2.00% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $291 | $272 | $314 | $320 | $256 | $186 |
Ratio of Total Expenses to Average Net Assets | 0.07%4 | 0.07%4 | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 4.65% | 3.44% | 3.08% | 3.58% | 4.34% | 4.26% |
Portfolio Turnover Rate5 | 17% | 31% | 36% | 62% | 47% | 48% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.00, $.00, $.01, $.00, $.00, 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 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.07%. |
5 | 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, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $26.76 | $36.02 | $35.59 | $34.18 | $29.36 | $31.25 |
Investment Operations | ||||||
Net Investment Income1 | .593 | 1.092 | 1.095 | 1.250 | 1.314 | 1.299 |
Net Realized and Unrealized Gain (Loss) on Investments2 | (1.358) | (9.264) | .425 | 1.387 | 4.812 | (1.895) |
Total from Investment Operations | (.765) | (8.172) | 1.520 | 2.637 | 6.126 | (.596) |
Distributions | ||||||
Dividends from Net Investment Income | (.585) | (1.088) | (1.090) | (1.227) | (1.306) | (1.294) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.585) | (1.088) | (1.090) | (1.227) | (1.306) | (1.294) |
Net Asset Value, End of Period | $25.41 | $26.76 | $36.02 | $35.59 | $34.18 | $29.36 |
Total Return3 | -2.83% | -23.05% | 4.37% | 7.91% | 21.58% | -1.95% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $298 | $264 | $340 | $268 | $541 | $786 |
Ratio of Total Expenses to Average Net Assets | 0.05%4 | 0.05%4 | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 4.67% | 3.46% | 3.09% | 3.68% | 4.36% | 4.28% |
Portfolio Turnover Rate5 | 17% | 31% | 36% | 62% | 47% | 48% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.00, $.00, $.01, $.00, $.00, 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 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.05%. |
5 | 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. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 4,187 | — | 4,187 |
Corporate Bonds | — | 5,723,123 | — | 5,723,123 |
Temporary Cash Investments | 38,117 | — | — | 38,117 |
Total | 38,117 | 5,727,310 | — | 5,765,427 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 19 | — | — | 19 |
Liabilities | ||||
Futures Contracts1 | 15 | — | — | 15 |
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. |
Amount ($000) | |
Tax Cost | 7,077,470 |
Gross Unrealized Appreciation | 21,770 |
Gross Unrealized Depreciation | (1,333,809) |
Net Unrealized Appreciation (Depreciation) | (1,312,039) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued1 | 2,710,026 | 35,113 | 4,419,636 | 47,501 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,774,861) | (23,100) | (3,987,611) | (42,000) | |
Net Increase (Decrease)—ETF Shares | 935,165 | 12,013 | 432,025 | 5,501 |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Admiral Shares | |||||
Issued1 | 53,700 | 2,622 | 99,673 | 4,069 | |
Issued in Lieu of Cash Distributions | 4,204 | 206 | 7,137 | 287 | |
Redeemed | (25,993) | (1,261) | (64,476) | (2,565) | |
Net Increase (Decrease)—Admiral Shares | 31,911 | 1,567 | 42,334 | 1,791 | |
Institutional Shares | |||||
Issued1 | 50,144 | 1,998 | 15,822 | 511 | |
Issued in Lieu of Cash Distributions | 6,597 | 260 | 10,486 | 339 | |
Redeemed | (10,171) | (389) | (12,769) | (401) | |
Net Increase (Decrease)—Institutional Shares | 46,570 | 1,869 | 13,539 | 449 |
1 | Includes purchase fees for fiscal 2023 and 2022 of $1,047,000 and $706,000, respectively (fund totals). |
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• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2023 | |||
Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Mortgage-Backed Securities Index Fund | |||
ETF Shares | $1,000.00 | $976.90 | $0.20 |
Admiral™ Shares | 1,000.00 | 976.50 | 0.34 |
Institutional Shares | 1,000.00 | 976.70 | 0.25 |
Based on Hypothetical 5% Yearly Return | |||
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 |
0 - 10 Years | 2.5% |
10 - 20 Years | 16.2 |
20 - 30 Years | 81.1 |
30 - 40 Years | 0.2 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (99.5%) | ||||||
Conventional Mortgage-Backed Securities (99.5%) | ||||||
1,2 | Freddie Mac Gold Pool | 2.000% | 1/1/28–12/1/31 | 4,606 | 4,235 | |
1,2 | Freddie Mac Gold Pool | 2.500% | 5/1/23–2/1/43 | 71,869 | 66,699 | |
1,2 | Freddie Mac Gold Pool | 3.000% | 1/1/26–6/1/49 | 249,863 | 228,208 | |
1,2 | Freddie Mac Gold Pool | 3.500% | 9/1/25–2/1/49 | 240,714 | 224,834 | |
1,2 | Freddie Mac Gold Pool | 4.000% | 3/1/24–6/1/49 | 154,325 | 148,305 | |
1,2 | Freddie Mac Gold Pool | 4.500% | 3/1/23–11/1/48 | 70,999 | 70,151 | |
1,2 | Freddie Mac Gold Pool | 5.000% | 3/1/23–11/1/48 | 22,362 | 22,487 | |
1,2 | Freddie Mac Gold Pool | 5.500% | 10/1/26–6/1/41 | 20,083 | 20,300 | |
1,2 | Freddie Mac Gold Pool | 6.000% | 1/1/24–5/1/40 | 10,479 | 10,854 | |
1,2 | Freddie Mac Gold Pool | 7.000% | 7/1/28–12/1/38 | 92 | 96 | |
1 | Ginnie Mae I Pool | 2.500% | 6/15/27–6/15/28 | 142 | 130 | |
1 | Ginnie Mae I Pool | 3.000% | 1/15/26–3/15/45 | 12,385 | 11,125 | |
1 | Ginnie Mae I Pool | 3.500% | 2/15/26–9/15/49 | 21,105 | 19,870 | |
1 | Ginnie Mae I Pool | 4.000% | 7/15/24–6/15/49 | 15,005 | 14,350 | |
1 | Ginnie Mae I Pool | 4.500% | 8/15/33–7/15/49 | 20,100 | 19,909 | |
1 | Ginnie Mae I Pool | 5.000% | 3/15/34–4/15/41 | 8,541 | 8,676 | |
1 | Ginnie Mae I Pool | 6.500% | 5/15/24–1/15/39 | 61 | 61 | |
1 | Ginnie Mae I Pool | 7.000% | 10/15/27 | 1 | 1 | |
1 | Ginnie Mae II Pool | 1.500% | 2/20/51–12/20/51 | 17,183 | 13,819 | |
1,3,4 | Ginnie Mae II Pool | 2.000% | 8/20/50–3/15/53 | 732,551 | 614,192 | |
1,3,4 | Ginnie Mae II Pool | 2.500% | 6/20/27–3/15/53 | 739,555 | 642,343 | |
1,4 | Ginnie Mae II Pool | 3.000% | 10/20/26–3/15/53 | 739,879 | 666,331 | |
1,4 | Ginnie Mae II Pool | 3.500% | 12/20/25–3/15/53 | 561,705 | 523,269 | |
1 | Ginnie Mae II Pool | 4.000% | 9/20/25–2/20/53 | 386,293 | 369,658 | |
1,4 | Ginnie Mae II Pool | 4.500% | 2/20/39–3/15/53 | 298,626 | 291,879 | |
1,4 | Ginnie Mae II Pool | 5.000% | 2/20/39–3/15/53 | 186,337 | 185,605 | |
1,4 | Ginnie Mae II Pool | 5.500% | 2/20/49–3/15/53 | 99,722 | 100,020 | |
1,4 | Ginnie Mae II Pool | 6.000% | 3/15/53 | 48,660 | 49,359 | |
1,4 | Ginnie Mae II Pool | 6.500% | 10/20/28–3/15/53 | 22,774 | 23,303 | |
1 | Ginnie Mae II Pool | 7.000% | 4/20/38–11/20/38 | 30 | 33 | |
1,2 | UMBS Pool | 1.500% | 7/1/35–9/1/51 | 950,463 | 770,241 | |
1,2,4 | UMBS Pool | 2.000% | 4/1/23–3/25/53 | 3,993,993 | 3,322,040 | |
1,2,4 | UMBS Pool | 2.500% | 3/1/27–3/25/53 | 2,859,446 | 2,463,516 | |
1,2,4 | UMBS Pool | 3.000% | 10/1/26–3/25/53 | 1,831,543 | 1,642,765 | |
1,2,4 | UMBS Pool | 3.500% | 8/1/25–3/25/53 | 1,150,394 | 1,068,769 | |
1,2,4 | UMBS Pool | 4.000% | 4/1/23–3/25/53 | 918,400 | 875,037 | |
1,2,4 | UMBS Pool | 4.500% | 4/1/23–3/25/53 | 661,549 | 643,143 | |
1,2,4 | UMBS Pool | 5.000% | 8/1/23–3/25/53 | 467,607 | 463,683 | |
1,2,4 | UMBS Pool | 5.500% | 11/1/24–3/25/53 | 274,045 | 276,478 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1,2,4 | UMBS Pool | 6.000% | 5/1/23–3/25/53 | 142,360 | 145,360 | |
1,2,4 | UMBS Pool | 6.500% | 1/1/53–3/25/53 | 51,635 | 53,115 | |
1,2,4 | UMBS Pool | 7.000% | 10/1/33–3/25/38 | 6,140 | 6,346 | |
16,080,595 | ||||||
Nonconventional Mortgage-Backed Securities (0.0%) | ||||||
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.290% | 3.116% | 12/1/41 | 17 | 17 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.310% | 3.560% | 9/1/37 | 10 | 10 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.477% | 3.585% | 3/1/43 | 86 | 87 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.552% | 3.802% | 10/1/37 | 17 | 18 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.560% | 2.319% | 7/1/43 | 196 | 196 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.592% | 3.627% | 6/1/43 | 23 | 24 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.627% | 4.127% | 3/1/38 | 2 | 2 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.669% | 3.864% | 10/1/42 | 32 | 32 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.690% | 3.940% | 10/1/39–9/1/42 | 123 | 124 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.693% | 3.866% | 8/1/39 | 17 | 17 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.700% | 3.950% | 12/1/40 | 36 | 36 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.724% | 3.322% | 5/1/42 | 10 | 10 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.739% | 3.919% | 11/1/39 | 5 | 5 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.774% | 3.884% | 5/1/42 | 7 | 7 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.794% | 3.725% | 3/1/42 | 16 | 16 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.797% | 4.098% | 8/1/42 | 40 | 40 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.805% | 4.055% | 11/1/41 | 23 | 23 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.810% | 4.060% | 10/1/40–12/1/40 | 1 | 2 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.812% | 4.193% | 3/1/41 | 23 | 23 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.813% | 4.063% | 11/1/41 | 4 | 4 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.813% | 4.074% | 1/1/42 | 29 | 29 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.815% | 3.447% | 5/1/41 | 11 | 11 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.815% | 4.065% | 11/1/40–12/1/41 | 22 | 23 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.826% | 3.759% | 2/1/42 | 25 | 25 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.830% | 4.308% | 4/1/41 | 15 | 15 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.834% | 4.153% | 2/1/41 | 1 | 1 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.835% | 3.210% | 5/1/40 | 1 | 1 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.835% | 4.117% | 1/1/40 | 1 | 1 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.838% | 4.012% | 9/1/40 | 23 | 23 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.839% | 4.089% | 12/1/39 | 33 | 33 | |
1,2,5 | Fannie Mae Pool, 12M USD LIBOR + 1.914% | 3.289% | 4/1/37 | 3 | 3 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.640% | 3.890% | 11/1/43 | 43 | 44 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.660% | 3.910% | 10/1/37 | 2 | 2 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.695% | 3.159% | 2/1/37 | 8 | 9 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.745% | 3.995% | 12/1/40 | 5 | 5 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.846% | 4.141% | 2/1/42 | 7 | 7 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.880% | 3.864% | 6/1/41 | 11 | 11 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.881% | 3.601% | 6/1/40 | 3 | 3 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.891% | 4.141% | 9/1/40 | 8 | 8 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.898% | 4.149% | 12/1/39 | 4 | 4 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.900% | 4.150% | 6/1/40 | 1 | 1 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.910% | 2.410% | 2/1/41 | 1 | 1 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 1.910% | 2.700% | 2/1/41 | 25 | 25 | |
1,2,5 | Freddie Mac Non Gold Pool, 12M USD LIBOR + 2.085% | 2.585% | 3/1/38 | 5 | 5 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 1.500% | 2.625% | 1/20/41–8/20/41 | 134 | 130 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 1.500% | 2.750% | 11/20/40–12/20/42 | 110 | 107 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 1.500% | 2.875% | 4/20/41 | 2 | 2 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 2.000% | 3.375% | 5/20/41 | 1 | 1 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 2.000% | 4.250% | 11/20/40 | 2 | 2 | |
1,225 | ||||||
Total U.S. Government and Agency Obligations (Cost $18,117,612) | 16,081,820 | |||||
Shares | ||||||
Temporary Cash Investments (1.5%) | ||||||
Money Market Fund (1.5%) | ||||||
6 | Vanguard Market Liquidity Fund (Cost $245,909) | 4.640% | 2,459,621 | 245,937 | ||
Total Investments (101.0%) (Cost $18,363,521) | 16,327,757 | |||||
Other Assets and Liabilities—Net (-1.0%) | (158,593) | |||||
Net Assets (100%) | 16,169,164 |
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 $5,419,000 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, 2023. |
5 | Variable-rate security; rate shown is effective rate at period end. Certain variable-rate securities are not based on a published reference rate and spread but are determined by the issuer or agent based on current market conditions. |
6 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
12M—12-month. | |
1YR—1-year. | |
CMT—Constant Maturing Treasury Rate. | |
LIBOR—London Interbank Offered Rate. | |
UMBS—Uniform Mortgage-Backed Securities. | |
USD—U.S. dollar. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $18,117,612) | 16,081,820 |
Affiliated Issuers (Cost $245,909) | 245,937 |
Total Investments in Securities | 16,327,757 |
Investment in Vanguard | 587 |
Receivables for Investment Securities Sold | 554,778 |
Receivables for Accrued Income | 44,141 |
Receivables for Capital Shares Issued | 11,500 |
Total Assets | 16,938,763 |
Liabilities | |
Due to Custodian | 803 |
Payables for Investment Securities Purchased | 765,387 |
Payables for Capital Shares Redeemed | 2,471 |
Payables for Distributions | 693 |
Payables to Vanguard | 245 |
Total Liabilities | 769,599 |
Net Assets | 16,169,164 |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 18,416,103 |
Total Distributable Earnings (Loss) | (2,246,939) |
Net Assets | 16,169,164 |
ETF Shares—Net Assets | |
Applicable to 323,353,308 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 14,806,058 |
Net Asset Value Per Share—ETF Shares | $45.79 |
Admiral Shares—Net Assets | |
Applicable to 62,377,458 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,139,856 |
Net Asset Value Per Share—Admiral Shares | $18.27 |
Institutional Shares—Net Assets | |
Applicable to 9,016,133 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 223,250 |
Net Asset Value Per Share—Institutional Shares | $24.76 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 231,117 |
Total Income | 231,117 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 200 |
Management and Administrative—ETF Shares | 1,867 |
Management and Administrative—Admiral Shares | 333 |
Management and Administrative—Institutional Shares | 43 |
Marketing and Distribution—ETF Shares | 322 |
Marketing and Distribution—Admiral Shares | 31 |
Marketing and Distribution—Institutional Shares | 4 |
Custodian Fees | 64 |
Shareholders’ Reports—ETF Shares | 462 |
Shareholders’ Reports—Admiral Shares | 26 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 3 |
Other Expenses | 7 |
Total Expenses | 3,362 |
Expenses Paid Indirectly | (49) |
Net Expenses | 3,313 |
Net Investment Income | 227,804 |
Realized Net Gain (Loss) on Investment Securities Sold1 | (112,087) |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | (472,432) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (356,715) |
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 $5,762,000, $183,000, $1,000, and ($87,000), respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 227,804 | 269,246 | |
Realized Net Gain (Loss) | (112,087) | (124,045) | |
Change in Unrealized Appreciation (Depreciation) | (472,432) | (1,756,647) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (356,715) | (1,611,446) | |
Distributions | |||
ETF Shares | (200,847) | (229,467) | |
Admiral Shares | (16,601) | (21,594) | |
Institutional Shares | (3,046) | (2,331) | |
Total Distributions | (220,494) | (253,392) | |
Capital Share Transactions | |||
ETF Shares | 924,758 | 1,036,092 | |
Admiral Shares | (32,445) | (37,825) | |
Institutional Shares | 50,961 | 73,757 | |
Net Increase (Decrease) from Capital Share Transactions | 943,274 | 1,072,024 | |
Total Increase (Decrease) | 366,065 | (792,814) | |
Net Assets | |||
Beginning of Period | 15,803,099 | 16,595,913 | |
End of Period | 16,169,164 | 15,803,099 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $47.53 | $53.47 | $54.36 | $53.26 | $51.38 | $53.00 |
Investment Operations | ||||||
Net Investment Income1 | .663 | .842 | .581 | 1.197 | 1.564 | 1.325 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.760) | (5.995) | (.768) | 1.146 | 1.859 | (1.683) |
Total from Investment Operations | (1.097) | (5.153) | (.187) | 2.343 | 3.423 | (.358) |
Distributions | ||||||
Dividends from Net Investment Income | (.643) | (.787) | (.594) | (1.243) | (1.543) | (1.262) |
Distributions from Realized Capital Gains | — | — | (.109) | — | — | — |
Total Distributions | (.643) | (.787) | (.703) | (1.243) | (1.543) | (1.262) |
Net Asset Value, End of Period | $45.79 | $47.53 | $53.47 | $54.36 | $53.26 | $51.38 |
Total Return | -2.31% | -9.71% | -0.35% | 4.45% | 6.80% | -0.67% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $14,806 | $14,405 | $15,055 | $11,643 | $10,316 | $7,193 |
Ratio of Total Expenses to Average Net Assets | 0.04%2 | 0.04%2 | 0.04% | 0.05% | 0.05% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.91% | 1.67% | 1.08% | 2.22% | 3.01% | 2.56% |
Portfolio Turnover Rate3 | 53% | 170% | 316% | 218% | 190% | 279% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.04%. |
3 | Includes 39%, 113%, 237%, 11%, 34%, and 78%, respectively, attributable to mortgage-dollar-roll activity. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $18.98 | $21.37 | $21.72 | $21.26 | $20.51 | $21.17 |
Investment Operations | ||||||
Net Investment Income1 | .262 | .328 | .211 | .470 | .622 | .528 |
Net Realized and Unrealized Gain (Loss) on Investments | (.710) | (2.391) | (.292) | .463 | .742 | (.674) |
Total from Investment Operations | (.448) | (2.063) | (.081) | .933 | 1.364 | (.146) |
Distributions | ||||||
Dividends from Net Investment Income | (.262) | (.327) | (.225) | (.473) | (.614) | (.514) |
Distributions from Realized Capital Gains | — | — | (.044) | — | — | — |
Total Distributions | (.262) | (.327) | (.269) | (.473) | (.614) | (.514) |
Net Asset Value, End of Period | $18.27 | $18.98 | $21.37 | $21.72 | $21.26 | $20.51 |
Total Return2 | -2.35% | -9.72% | -0.38% | 4.43% | 6.77% | -0.68% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,140 | $1,219 | $1,419 | $1,159 | $841 | $725 |
Ratio of Total Expenses to Average Net Assets | 0.07%3 | 0.07%3 | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.88% | 1.62% | 0.98% | 2.18% | 2.99% | 2.56% |
Portfolio Turnover Rate4 | 53% | 170% | 316% | 218% | 190% | 279% |
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 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.07%. |
4 | Includes 39%, 113%, 237%, 11%, 34%, and 78%, respectively, attributable to mortgage-dollar-roll activity. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | ||||
2022 | 2021 | 2020 | 2019 | 2018 | ||
Net Asset Value, Beginning of Period | $25.72 | $28.96 | $29.44 | $28.81 | $27.79 | $28.69 |
Investment Operations | ||||||
Net Investment Income1 | .360 | .467 | .393 | .641 | .846 | .721 |
Net Realized and Unrealized Gain (Loss) on Investments | (.962) | (3.258) | (.503) | .636 | 1.011 | (.920) |
Total from Investment Operations | (.602) | (2.791) | (.110) | 1.277 | 1.857 | (.199) |
Distributions | ||||||
Dividends from Net Investment Income | (.358) | (.449) | (.311) | (.647) | (.837) | (.701) |
Distributions from Realized Capital Gains | — | — | (.059) | — | — | — |
Total Distributions | (.358) | (.449) | (.370) | (.647) | (.837) | (.701) |
Net Asset Value, End of Period | $24.76 | $25.72 | $28.96 | $29.44 | $28.81 | $27.79 |
Total Return | -2.33% | -9.70% | -0.38% | 4.48% | 6.80% | -0.68% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $223 | $179 | $122 | $171 | $119 | $70 |
Ratio of Total Expenses to Average Net Assets | 0.05%2 | 0.05%2 | 0.05% | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 2.92% | 1.71% | 1.35% | 2.20% | 3.01% | 2.58% |
Portfolio Turnover Rate3 | 53% | 170% | 316% | 218% | 190% | 279% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.05%. |
3 | Includes 39%, 113%, 237%, 11%, 34%, and 78%, respectively, attributable to mortgage-dollar-roll activity. |
Level 1 ($000) | Level 2 ($000) | Level 3 ($000) | Total ($000) | |
Investments | ||||
Assets | ||||
U.S. Government and Agency Obligations | — | 16,081,820 | — | 16,081,820 |
Temporary Cash Investments | 245,937 | — | — | 245,937 |
Total | 245,937 | 16,081,820 | — | 16,327,757 |
Amount ($000) | |
Tax Cost | 18,376,921 |
Gross Unrealized Appreciation | 17,069 |
Gross Unrealized Depreciation | (2,066,233) |
Net Unrealized Appreciation (Depreciation) | (2,049,164) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,351,143 | 29,727 | 3,012,787 | 60,434 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (426,385) | (9,425) | (1,976,695) | (38,950) | |
Net Increase (Decrease)—ETF Shares | 924,758 | 20,302 | 1,036,092 | 21,484 | |
Admiral Shares | |||||
Issued | 259,396 | 14,124 | 518,758 | 25,847 | |
Issued in Lieu of Cash Distributions | 12,701 | 696 | 16,300 | 816 | |
Redeemed | (304,542) | (16,669) | (572,883) | (28,821) | |
Net Increase (Decrease)—Admiral Shares | (32,445) | (1,849) | (37,825) | (2,158) | |
Institutional Shares | |||||
Issued | 56,334 | 2,278 | 95,097 | 3,492 | |
Issued in Lieu of Cash Distributions | 3,046 | 123 | 2,331 | 87 | |
Redeemed | (8,419) | (338) | (23,671) | (853) | |
Net Increase (Decrease)—Institutional Shares | 50,961 | 2,063 | 73,757 | 2,726 |
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• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2023 | |||
Total Corporate Bond ETF | Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $990.50 | $0.20 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.60 | 0.20 |
Vanguard Short-Term Corporate Bond ETF | 38.7% |
Vanguard Long-Term Corporate Bond ETF | 33.9 |
Vanguard Intermediate-Term Corporate Bond ETF | 27.4 |
Shares | Market Value• ($000) | |||||
Investment Companies (100.0%) | ||||||
U.S. Bond Funds (100.0%) | ||||||
Vanguard Short-Term Corporate Bond ETF | 4,837,854 | 364,194 | ||||
Vanguard Long-Term Corporate Bond ETF | 4,162,716 | 318,448 | ||||
Vanguard Intermediate-Term Corporate Bond ETF | 3,303,687 | 257,555 | ||||
Total Investment Companies (Cost $1,053,968) | 940,197 | |||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund, 4.640% (Cost $414) | 4,145 | 414 | |||
Total Investments (100.0%) (Cost $1,054,382) | 940,611 | |||||
Other Assets and Liabilities—Net (0.0%) | (17) | |||||
Net Assets (100%) | 940,594 |
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, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value—Affiliated Funds (Cost $1,054,382) | 940,611 |
Receivables for Investment Securities Sold | 563 |
Receivables for Accrued Income | 1 |
Total Assets | 941,175 |
Liabilities | |
Due to Custodian | 15 |
Payables for Investment Securities Purchased | 566 |
Total Liabilities | 581 |
Net Assets | 940,594 |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 1,065,434 |
Total Distributable Earnings (Loss) | (124,840) |
Net Assets | 940,594 |
Net Assets | |
Applicable to 12,610,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 940,594 |
Net Asset Value Per Share | $74.59 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Income Distributions Received from Affiliated Funds | 12,575 |
Net Investment Income—Note B | 12,575 |
Realized Net Gain (Loss) | |
Capital Gain Distributions Received from Affiliated Funds | — |
Affiliated Funds Sold1 | (5,756) |
Realized Net Gain (Loss) | (5,756) |
Change in Unrealized Appreciation (Depreciation) from Affiliated Funds | (4,680) |
Net Increase (Decrease) in Net Assets Resulting from Operations | 2,139 |
1 | Includes $56,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 12,575 | 16,032 | |
Realized Net Gain (Loss) | (5,756) | (9,016) | |
Change in Unrealized Appreciation (Depreciation) | (4,680) | (111,968) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 2,139 | (104,952) | |
Distributions | |||
Total Distributions | (12,581) | (16,149) | |
Capital Share Transactions | |||
Issued | 386,702 | 108,869 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (14,735) | (103,767) | |
Net Increase (Decrease) from Capital Share Transactions | 371,967 | 5,102 | |
Total Increase (Decrease) | 361,525 | (115,999) | |
Net Assets | |||
Beginning of Period | 579,069 | 695,068 | |
End of Period | 940,594 | 579,069 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | November 7, 20171 to August 31, 2018 | |||
2022 | 2021 | 2020 | 2019 | |||
Net Asset Value, Beginning of Period | $76.60 | $92.55 | $92.62 | $89.19 | $81.59 | $85.00 |
Investment Operations | ||||||
Net Investment Income2 | 1.236 | 2.141 | 2.229 | 2.638 | 2.825 | 2.081 |
Capital Gain Distributions Received2 | — | .237 | .053 | — | — | — |
Net Realized and Unrealized Gain (Loss) on Investments | (1.963) | (16.168) | (.131) | 3.614 | 7.717 | (3.445) |
Total from Investment Operations | (.727) | (13.790) | 2.151 | 6.252 | 10.542 | (1.364) |
Distributions | ||||||
Dividends from Net Investment Income | (1.283) | (2.148) | (2.221) | (2.822) | (2.942) | (2.046) |
Distributions from Realized Capital Gains | — | (.012) | — | — | — | — |
Total Distributions | (1.283) | (2.160) | (2.221) | (2.822) | (2.942) | (2.046) |
Net Asset Value, End of Period | $74.59 | $76.60 | $92.55 | $92.62 | $89.19 | $81.59 |
Total Return | -0.95% | -15.11% | 2.37% | 7.18% | 13.29% | -1.60% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $941 | $579 | $695 | $619 | $203 | $55 |
Ratio of Total Expenses to Average Net Assets | — | — | — | — | — | —3 |
Acquired Fund Fees and Expenses | 0.04% | 0.04% | 0.04% | 0.05% | 0.05% | 0.07%3 |
Ratio of Net Investment Income to Average Net Assets | 3.33% | 2.52% | 2.43% | 2.94% | 3.38% | 3.10%3 |
Portfolio Turnover Rate4 | 7% | 14% | 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 | 1,060,438 |
Gross Unrealized Appreciation | 7,383 |
Gross Unrealized Depreciation | (127,210) |
Net Unrealized Appreciation (Depreciation) | (119,827) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
Shares (000) | Shares (000) | ||
Issued | 5,250 | 1,310 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (200) | (1,260) | |
Net Increase (Decrease) in Shares Outstanding | 5,050 | 50 |
Current Period Transactions | ||||||||
Aug. 31, 2022 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, 2023 Market Value ($000) | |
Vanguard Intermediate-Term Corporate Bond ETF | 159,976 | 112,085 | 12,485 | (1,298) | (723) | 3,400 | — | 257,555 |
Vanguard Long-Term Corporate Bond ETF | 203,399 | 153,248 | 31,031 | (4,215) | (2,953) | 5,733 | — | 318,448 |
Vanguard Market Liquidity Fund | 281 | NA3 | NA3 | — | — | 8 | — | 414 |
Vanguard Short-Term Corporate Bond ETF | 215,431 | 174,152 | 24,142 | (243) | (1,004) | 3,434 | — | 364,194 |
Total | 579,087 | 439,485 | 67,658 | (5,756) | (4,680) | 12,575 | — | 940,611 |
1 | Includes $386,515,000 of portfolio securities received as a result of in-kind purchases of the fund’s capital shares. |
2 | Includes $14,728,000 of portfolio securities delivered as a result of in-kind redemptions of the fund’s capital shares. |
3 | Not applicable—purchases and sales are for temporary cash investment purposes. |
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• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 28, 2023 | |||
Total World Bond ETF | Beginning Account Value 8/31/2022 | Ending Account Value 2/28/2023 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $979.90 | $0.25 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.55 | 0.25 |
Vanguard Total Bond Market ETF | 51.7% |
Vanguard Total International Bond ETF | 48.3 |
Shares | Market Value• ($000) | |||||
Investment Companies (100.0%) | ||||||
U.S. Bond Fund (51.7%) | ||||||
Vanguard Total Bond Market ETF | 4,170,854 | 300,593 | ||||
International Bond Fund (48.3%) | ||||||
Vanguard Total International Bond ETF | 5,874,556 | 280,569 | ||||
Total Investment Companies (Cost $678,089) | 581,162 | |||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund, 4.640% (Cost $174) | 1,739 | 174 | |||
Total Investments (100.0%) (Cost $678,263) | 581,336 | |||||
Other Assets and Liabilities—Net (0.0%) | 5 | |||||
Net Assets (100%) | 581,341 |
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, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value—Affiliated Funds (Cost $678,263) | 581,336 |
Receivables for Investment Securities Sold | 3,533 |
Receivables for Accrued Income | 1 |
Total Assets | 584,870 |
Liabilities | |
Payables for Investment Securities Purchased | 3,529 |
Total Liabilities | 3,529 |
Net Assets | 581,341 |
At February 28, 2023, net assets consisted of: | |
Paid-in Capital | 686,263 |
Total Distributable Earnings (Loss) | (104,922) |
Net Assets | 581,341 |
Net Assets | |
Applicable to 8,630,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 581,341 |
Net Asset Value Per Share | $67.36 |
Six Months Ended February 28, 2023 | |
($000) | |
Investment Income | |
Income | |
Income Distributions Received from Affiliated Funds | 6,838 |
Net Investment Income—Note B | 6,838 |
Realized Net Gain (Loss) | |
Capital Gain Distributions Received from Affiliated Funds | — |
Affiliated Funds Sold1 | (4,090) |
Realized Net Gain (Loss) | (4,090) |
Change in Unrealized Appreciation (Depreciation) from Affiliated Funds | (14,494) |
Net Increase (Decrease) in Net Assets Resulting from Operations | (11,746) |
1 | Includes $224,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 6,838 | 15,064 | |
Realized Net Gain (Loss) | (4,090) | (3,721) | |
Change in Unrealized Appreciation (Depreciation) | (14,494) | (84,542) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | (11,746) | (73,199) | |
Distributions | |||
Total Distributions | (6,848) | (15,650) | |
Capital Share Transactions | |||
Issued | 67,546 | 209,449 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (37,440) | (132,239) | |
Net Increase (Decrease) from Capital Share Transactions | 30,106 | 77,210 | |
Total Increase (Decrease) | 11,512 | (11,639) | |
Net Assets | |||
Beginning of Period | 569,829 | 581,468 | |
End of Period | 581,341 | 569,829 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 28, 2023 | Year Ended August 31, | September 4, 20181 to August 31, 2019 | ||
2022 | 2021 | 2020 | |||
Net Asset Value, Beginning of Period | $69.58 | $80.76 | $81.56 | $80.97 | $75.00 |
Investment Operations | |||||
Net Investment Income2 | .812 | 1.912 | 1.108 | 2.125 | 2.004 |
Capital Gain Distributions Received2 | — | .327 | .146 | — | — |
Net Realized and Unrealized Gain (Loss) on Investments | (2.217) | (11.356) | (.929) | .782 | 6.071 |
Total from Investment Operations | (1.405) | (9.117) | .325 | 2.907 | 8.075 |
Distributions | |||||
Dividends from Net Investment Income | (.815) | (1.984) | (1.125) | (2.317) | (2.105) |
Distributions from Realized Capital Gains | — | (.079) | — | — | — |
Total Distributions | (.815) | (2.063) | (1.125) | (2.317) | (2.105) |
Net Asset Value, End of Period | $67.36 | $69.58 | $80.76 | $81.56 | $80.97 |
Total Return | -2.01% | -11.51% | 0.40% | 3.69% | 11.00% |
Ratios/Supplemental Data | |||||
Net Assets, End of Period (Millions) | $581 | $570 | $581 | $448 | $160 |
Ratio of Total Expenses to Average Net Assets | — | — | — | — | —3 |
Acquired Fund Fees and Expenses | 0.05% | 0.05% | 0.06% | 0.06% | 0.06%3 |
Ratio of Net Investment Income to Average Net Assets | 2.41% | 2.55% | 1.37% | 2.64% | 2.62%3 |
Portfolio Turnover Rate4 | 10% | 13% | 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 | 681,136 |
Gross Unrealized Appreciation | 3 |
Gross Unrealized Depreciation | (99,803) |
Net Unrealized Appreciation (Depreciation) | (99,800) |
Six Months Ended February 28, 2023 | Year Ended August 31, 2022 | ||
Shares (000) | Shares (000) | ||
Issued | 990 | 2,810 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (550) | (1,820) | |
Net Increase (Decrease) in Shares Outstanding | 440 | 990 |
Current Period Transactions | ||||||||
Aug. 31, 2022 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, 2023 Market Value ($000) | |
Vanguard Market Liquidity Fund | 410 | NA3 | NA3 | — | — | 5 | — | 174 |
Vanguard Total Bond Market ETF | 298,702 | 60,926 | 48,864 | (2,103) | (8,068) | 4,027 | — | 300,593 |
Vanguard Total International Bond ETF | 270,714 | 61,855 | 43,587 | (1,987) | (6,426) | 2,806 | — | 280,569 |
Total | 569,826 | 122,781 | 92,451 | (4,090) | (14,494) | 6,838 | — | 581,336 |
1 | Includes $67,518,000 of portfolio securities received as a result of in-kind purchases of the fund’s capital shares. |
2 | Includes $37,426,000 of portfolio securities delivered as a result of in-kind redemptions of the fund’s capital shares. |
3 | Not applicable—purchases and sales are for temporary cash investment purposes. |
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Item 2: Code of Ethics.
Not applicable.
Item 3: Audit Committee Financial Expert.
Not applicable.
Item 4: Principal Accountant Fees and Services.
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, 2023
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, 2023
VANGUARD scottsdale FUNDS | ||
BY: | /s/ CHRISTINE BUCHANAN* | |
CHRISTINE BUCHANAN | ||
CHIEF FINANCIAL OFFICER |
Date: April 20, 2023
* By: | /s/ Anne E. Robinson |
Anne E. Robinson, pursuant to a Power of Attorney filed on March 29, 2023 (see File Number 2-11444), Incorporated by Reference.