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, 2023—February 29, 2024
Item 1: Reports to Shareholders
About Your Fund’s Expenses | 1 |
Financial Statements | 4 |
Trustees Approve Advisory Arrangements | 16 |
• | 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 29, 2024 | |||
Explorer Value Fund | Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $1,088.70 | $2.54 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,022.43 | 2.46 |
Communication Services | 5.2% |
Consumer Discretionary | 13.0 |
Consumer Staples | 2.4 |
Energy | 6.1 |
Financials | 15.6 |
Health Care | 7.1 |
Industrials | 21.7 |
Information Technology | 10.1 |
Materials | 8.8 |
Real Estate | 9.0 |
Utilities | 1.0 |
Shares | Market Value• ($000) | ||
Common Stocks (95.1%) | |||
Communication Services (4.9%) | |||
Nexstar Media Group Inc. | 105,114 | 17,467 | |
* | Ziff Davis Inc. | 169,799 | 11,675 |
Interpublic Group of Cos. Inc. | 160,292 | 5,033 | |
* | Madison Square Garden Entertainment Corp. | 104,754 | 4,032 |
* | Sphere Entertainment Co. | 92,795 | 4,018 |
* | Madison Square Garden Sports Corp. | 16,358 | 3,078 |
*,1 | Manchester United plc Class A | 143,874 | 2,187 |
Paramount Global Class B | 187,272 | 2,068 | |
49,558 | |||
Consumer Discretionary (12.3%) | |||
Lithia Motors Inc. | 44,825 | 13,405 | |
* | Royal Caribbean Cruises Ltd. | 74,906 | 9,240 |
* | OneSpaWorld Holdings Ltd. | 659,627 | 8,601 |
* | Adtalem Global Education Inc. | 173,128 | 8,570 |
* | Victoria's Secret & Co. | 288,205 | 8,231 |
* | Modine Manufacturing Co. | 89,105 | 7,994 |
Kontoor Brands Inc. | 125,849 | 7,439 | |
LCI Industries | 48,495 | 6,109 | |
* | Mattel Inc. | 304,223 | 5,993 |
Cheesecake Factory Inc. | 162,816 | 5,760 | |
* | Asbury Automotive Group Inc. | 23,636 | 4,936 |
* | Leslie's Inc. | 610,952 | 4,826 |
Boyd Gaming Corp. | 70,401 | 4,656 | |
Gentex Corp. | 126,453 | 4,619 | |
* | Helen of Troy Ltd. | 31,925 | 3,991 |
ADT Inc. | 549,536 | 3,990 | |
* | Mohawk Industries Inc. | 30,661 | 3,637 |
Perdoceo Education Corp. | 197,627 | 3,520 | |
* | LGI Homes Inc. | 28,597 | 3,263 |
* | Under Armour Inc. Class A | 304,177 | 2,725 |
* | Stoneridge Inc. | 137,730 | 2,420 |
123,925 | |||
Consumer Staples (2.3%) | |||
Spectrum Brands Holdings Inc. | 156,333 | 12,572 | |
* | US Foods Holding Corp. | 184,129 | 9,352 |
J M Smucker Co. | 7,928 | 953 | |
22,877 |
Shares | Market Value• ($000) | ||
Energy (5.8%) | |||
DTE Midstream LLC | 253,689 | 14,620 | |
TechnipFMC plc | 517,398 | 11,222 | |
SM Energy Co. | 185,214 | 8,107 | |
Matador Resources Co. | 103,390 | 6,529 | |
* | Weatherford International plc | 50,691 | 5,201 |
* | Tidewater Inc. | 68,094 | 4,769 |
Viper Energy Inc. | 122,206 | 4,417 | |
Core Laboratories Inc. | 229,320 | 3,433 | |
58,298 | |||
Financials (14.9%) | |||
Starwood Property Trust Inc. | 603,073 | 12,297 | |
BGC Group Inc. Class A | 1,574,302 | 10,941 | |
* | Bancorp Inc. | 190,612 | 8,509 |
Popular Inc. | 89,812 | 7,515 | |
First BanCorp (XNYS) | 429,862 | 7,299 | |
Wintrust Financial Corp. | 75,683 | 7,292 | |
First Merchants Corp. | 214,292 | 7,114 | |
* | Euronet Worldwide Inc. | 59,660 | 6,529 |
Pacific Premier Bancorp Inc. | 284,626 | 6,507 | |
Carlyle Group Inc. | 128,531 | 5,893 | |
Columbia Banking System Inc. | 324,428 | 5,872 | |
* | NMI Holdings Inc. Class A | 188,882 | 5,682 |
Affiliated Managers Group Inc. | 32,313 | 5,051 | |
Evercore Inc. Class A | 26,161 | 4,894 | |
Northern Trust Corp. | 55,890 | 4,590 | |
Pinnacle Financial Partners Inc. | 55,036 | 4,553 | |
WaFd Inc. | 156,461 | 4,262 | |
Renasant Corp. | 125,800 | 3,976 | |
WSFS Financial Corp. | 87,979 | 3,729 | |
Lazard Inc. | 96,057 | 3,702 | |
* | Enstar Group Ltd. | 11,920 | 3,671 |
PJT Partners Inc. Class A | 34,360 | 3,622 | |
Webster Financial Corp. | 75,936 | 3,618 | |
First American Financial Corp. | 61,239 | 3,577 | |
BOK Financial Corp. | 41,768 | 3,551 | |
Hope Bancorp Inc. | 189,620 | 2,080 | |
BankUnited Inc. | 72,482 | 1,944 | |
Flushing Financial Corp. | 78,025 | 1,002 | |
149,272 |
Shares | Market Value• ($000) | ||
Health Care (6.7%) | |||
* | Enovis Corp. | 135,950 | 8,131 |
* | Envista Holdings Corp. | 326,772 | 6,748 |
* | Elanco Animal Health Inc. (XNYS) | 359,943 | 5,719 |
* | LivaNova plc | 104,218 | 5,712 |
* | Pacira BioSciences Inc. | 178,832 | 5,315 |
* | Globus Medical Inc. Class A | 98,090 | 5,296 |
* | Charles River Laboratories International Inc. | 18,574 | 4,721 |
* | Ligand Pharmaceuticals Inc. | 59,129 | 4,692 |
* | Varex Imaging Corp. | 252,030 | 4,335 |
* | Prestige Consumer Healthcare Inc. | 59,828 | 4,163 |
Laboratory Corp. of America Holdings | 17,507 | 3,779 | |
* | Merit Medical Systems Inc. | 41,955 | 3,197 |
* | QuidelOrtho Corp. | 46,920 | 2,140 |
* | Acadia Healthcare Co. Inc. | 25,460 | 2,125 |
* | Bio-Rad Laboratories Inc. Class A | 3,966 | 1,292 |
67,365 | |||
Industrials (20.7%) | |||
BWX Technologies Inc. | 187,979 | 18,954 | |
* | XPO Inc. | 125,750 | 15,130 |
Esab Corp. | 123,767 | 12,268 | |
* | GXO Logistics Inc. | 226,750 | 11,737 |
* | OPENLANE Inc. | 710,966 | 10,856 |
FTAI Aviation Ltd. | 177,007 | 9,964 | |
* | Verra Mobility Corp. | 394,091 | 8,520 |
* | Beacon Roofing Supply Inc. | 96,589 | 8,296 |
MDU Resources Group Inc. | 373,051 | 8,088 | |
* | MRC Global Inc. | 634,895 | 7,320 |
Timken Co. | 75,439 | 6,336 | |
KBR Inc. | 104,628 | 6,281 | |
Interface Inc. | 398,266 | 6,261 | |
* | Stericycle Inc. | 114,643 | 6,235 |
Applied Industrial Technologies Inc. | 29,805 | 5,660 | |
Kaman Corp. | 118,878 | 5,446 | |
* | Resideo Technologies Inc. | 237,322 | 5,299 |
Masco Corp. | 65,991 | 5,065 | |
RB Global Inc. (XTSE) | 61,689 | 4,683 | |
* | Generac Holdings Inc. | 41,231 | 4,639 |
Kennametal Inc. | 179,694 | 4,536 | |
* | Middleby Corp. | 28,251 | 4,299 |
Brink's Co. | 51,264 | 4,246 | |
* | Array Technologies Inc. | 300,723 | 4,102 |
EnerSys | 42,939 | 3,945 | |
* | Builders FirstSource Inc. | 18,609 | 3,632 |
nVent Electric plc | 53,929 | 3,631 | |
Granite Construction Inc. | 63,077 | 3,250 | |
WESCO International Inc. | 17,716 | 2,648 | |
Greenbrier Cos. Inc. | 44,573 | 2,307 | |
Simpson Manufacturing Co. Inc. | 9,409 | 1,963 | |
Snap-on Inc. | 6,977 | 1,923 | |
207,520 | |||
Information Technology (9.6%) | |||
MKS Instruments Inc. | 72,555 | 8,907 | |
* | Ultra Clean Holdings Inc. | 182,662 | 7,891 |
* | ACI Worldwide Inc. | 232,046 | 7,637 |
* | Insight Enterprises Inc. | 36,596 | 6,880 |
Belden Inc. | 78,639 | 6,698 | |
* | Kyndryl Holdings Inc. | 289,265 | 6,355 |
Shares | Market Value• ($000) | ||
* | Verint Systems Inc. | 193,979 | 6,132 |
* | Sanmina Corp. | 94,960 | 6,001 |
* | Diodes Inc. | 82,931 | 5,638 |
Jabil Inc. | 38,686 | 5,574 | |
* | Zebra Technologies Corp. Class A | 19,860 | 5,551 |
TD SYNNEX Corp. | 52,686 | 5,474 | |
* | Teledyne Technologies Inc. | 12,214 | 5,219 |
* | Keysight Technologies Inc. | 22,671 | 3,498 |
* | Teradata Corp. | 89,938 | 3,383 |
* | MACOM Technology Solutions Holdings Inc. | 24,908 | 2,200 |
* | Fabrinet | 8,582 | 1,850 |
* | Consensus Cloud Solutions Inc. | 88,295 | 1,406 |
96,294 | |||
Materials (8.4%) | |||
Silgan Holdings Inc. | 528,995 | 23,228 | |
* | Axalta Coating Systems Ltd. | 505,162 | 16,534 |
Eagle Materials Inc. | 46,192 | 11,712 | |
* | ATI Inc. | 131,927 | 6,488 |
Pactiv Evergreen Inc. | 428,759 | 6,324 | |
Ashland Inc. | 46,353 | 4,341 | |
* | Knife River Corp. | 57,078 | 4,229 |
Graphic Packaging Holding Co. | 159,175 | 4,131 | |
Carpenter Technology Corp. | 61,489 | 3,975 | |
FMC Corp. | 56,028 | 3,159 | |
84,121 | |||
Real Estate (8.6%) | |||
Gaming and Leisure Properties Inc. | 331,223 | 15,064 | |
SITE Centers Corp. | 505,597 | 6,866 | |
Agree Realty Corp. | 120,054 | 6,597 | |
Independence Realty Trust Inc. | 435,816 | 6,380 | |
* | Equity Commonwealth | 332,300 | 6,257 |
First Industrial Realty Trust Inc. | 115,419 | 6,117 | |
Newmark Group Inc. Class A | 521,192 | 5,624 | |
COPT Defense Properties | 230,029 | 5,574 | |
DigitalBridge Group Inc. | 296,738 | 5,451 | |
STAG Industrial Inc. | 142,244 | 5,283 | |
LXP Industrial Trust | 603,535 | 5,227 | |
* | Jones Lang LaSalle Inc. | 20,994 | 3,994 |
* | CBRE Group Inc. Class A | 41,453 | 3,809 |
NETSTREIT Corp. | 219,845 | 3,695 | |
85,938 | |||
Utilities (0.9%) | |||
ALLETE Inc. | 70,814 | 4,011 | |
Portland General Electric Co. | 73,128 | 2,938 | |
Unitil Corp. | 47,490 | 2,420 | |
9,369 | |||
Total Common Stocks (Cost $745,018) | 954,537 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (5.1%) | |||
Money Market Fund (5.1%) | |||
2,3 | Vanguard Market Liquidity Fund, 5.400% (Cost $51,164) | 511,755 | 51,170 |
Total Investments (100.2%) (Cost $796,182) | 1,005,707 | ||
Other Assets and Liabilities—Net (-0.2%) | (1,690) | ||
Net Assets (100%) | 1,004,017 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $1,916,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $2,050,000 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 2024 | 279 | 28,699 | 784 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $745,018) | 954,537 |
Affiliated Issuers (Cost $51,164) | 51,170 |
Total Investments in Securities | 1,005,707 |
Investment in Vanguard | 31 |
Cash | 359 |
Cash Collateral Pledged—Futures Contracts | 1,820 |
Receivables for Investment Securities Sold | 2,676 |
Receivables for Accrued Income | 977 |
Receivables for Capital Shares Issued | 283 |
Variation Margin Receivable—Futures Contracts | 194 |
Total Assets | 1,012,047 |
Liabilities | |
Payables for Investment Securities Purchased | 4,800 |
Collateral for Securities on Loan | 2,050 |
Payables to Investment Advisor | 655 |
Payables for Capital Shares Redeemed | 441 |
Payables to Vanguard | 84 |
Total Liabilities | 8,030 |
Net Assets | 1,004,017 |
1 Includes $1,916,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 793,345 |
Total Distributable Earnings (Loss) | 210,672 |
Net Assets | 1,004,017 |
Net Assets | |
Applicable to 22,872,920 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,004,017 |
Net Asset Value Per Share | $43.90 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 5,580 |
Interest2 | 1,234 |
Securities Lending—Net | 36 |
Total Income | 6,850 |
Expenses | |
Investment Advisory Fees—Note B | |
Basic Fee | 1,455 |
Performance Adjustment | (214) |
The Vanguard Group—Note C | |
Management and Administrative | 959 |
Marketing and Distribution | 29 |
Custodian Fees | 5 |
Shareholders’ Reports | 22 |
Trustees’ Fees and Expenses | — |
Other Expenses | 8 |
Total Expenses | 2,264 |
Net Investment Income | 4,586 |
Realized Net Gain (Loss) | |
Investment Securities Sold2 | 8,192 |
Futures Contracts | 1,110 |
Realized Net Gain (Loss) | 9,302 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 66,290 |
Futures Contracts | 879 |
Change in Unrealized Appreciation (Depreciation) | 67,169 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 81,057 |
1 | Dividends are net of foreign withholding taxes of $28,000. |
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 $1,199,000, $3,000, less than $1,000, and ($2,000), respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 4,586 | 14,989 | |
Realized Net Gain (Loss) | 9,302 | 11,817 | |
Change in Unrealized Appreciation (Depreciation) | 67,169 | 39,647 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 81,057 | 66,453 | |
Distributions | |||
Total Distributions | (24,191) | (39,564) | |
Capital Share Transactions | |||
Issued | 52,072 | 101,865 | |
Issued in Lieu of Cash Distributions | 22,597 | 37,424 | |
Redeemed | (86,916) | (289,315) | |
Net Increase (Decrease) from Capital Share Transactions | (12,247) | (150,026) | |
Total Increase (Decrease) | 44,619 | (123,137) | |
Net Assets | |||
Beginning of Period | 959,398 | 1,082,535 | |
End of Period | 1,004,017 | 959,398 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $41.35 | $39.93 | $46.26 | $30.32 | $33.49 | $40.53 |
Investment Operations | ||||||
Net Investment Income1 | .200 | .586 | .461 | .351 | .400 | .494 |
Net Realized and Unrealized Gain (Loss) on Investments | 3.422 | 2.308 | (4.910) | 15.911 | (3.032) | (4.921) |
Total from Investment Operations | 3.622 | 2.894 | (4.449) | 16.262 | (2.632) | (4.427) |
Distributions | ||||||
Dividends from Net Investment Income | (.743) | (.495) | (.352) | (.322) | (.538) | (.366) |
Distributions from Realized Capital Gains | (.329) | (.979) | (1.529) | — | — | (2.247) |
Total Distributions | (1.072) | (1.474) | (1.881) | (.322) | (.538) | (2.613) |
Net Asset Value, End of Period | $43.90 | $41.35 | $39.93 | $46.26 | $30.32 | $33.49 |
Total Return2 | 8.87% | 7.43% | -10.05% | 53.90% | -8.12% | -10.10% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,004 | $959 | $1,083 | $1,164 | $563 | $655 |
Ratio of Total Expenses to Average Net Assets3 | 0.49% | 0.49%4 | 0.53%4 | 0.52% | 0.64% | 0.55% |
Ratio of Net Investment Income to Average Net Assets | 1.11% | 1.48% | 1.05% | 0.85% | 1.28% | 1.45% |
Portfolio Turnover Rate | 11% | 23% | 31% | 41% | 42% | 27% |
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 (0.05%), (0.04%), 0.02%, 0.01%, 0.09%, and 0.01%. |
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%, respectively. |
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. The basic fee of Ariel Investments, LLC, is subject to quarterly adjustments based on performance relative to the Russell 2500 Value Index since February 28, 2022. |
C. | In accordance with the terms of a Funds' Service Agreement (the “FSA”) between Vanguard and the fund, Vanguard furnishes to the fund corporate management, administrative, marketing, distribution and cash management services at Vanguard’s cost of operations (as defined by the FSA). These costs of operations are allocated to the fund based on methods and guidelines approved by the board of trustees and are generally settled twice a month. |
D. | Various inputs may be used to determine the value of the fund’s investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities. |
E. | As of February 29, 2024, 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 | 803,961 |
Gross Unrealized Appreciation | 253,948 |
Gross Unrealized Depreciation | (51,418) |
Net Unrealized Appreciation (Depreciation) | 202,530 |
F. | During the six months ended February 29, 2024, the fund purchased $101,985,000 of investment securities and sold $134,936,000 of investment securities, other than temporary cash investments. |
G. | Capital shares issued and redeemed were: |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
Shares (000) | Shares (000) | ||
Issued | 1,260 | 2,542 | |
Issued in Lieu of Cash Distributions | 536 | 950 | |
Redeemed | (2,123) | (7,404) | |
Net Increase (Decrease) in Shares Outstanding | (327) | (3,912) |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, 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 | 45 |
• | 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 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Russell 1000 Index Fund | |||
ETF Shares | $1,000.00 | $1,140.20 | $0.43 |
Institutional Shares | 1,000.00 | 1,140.30 | 0.37 |
Russell 1000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,092.30 | $0.42 |
Institutional Shares | 1,000.00 | 1,092.40 | 0.36 |
Russell 1000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,182.10 | $0.43 |
Institutional Shares | 1,000.00 | 1,182.10 | 0.38 |
Based on Hypothetical 5% Yearly Return | |||
Russell 1000 Index Fund | |||
ETF Shares | $1,000.00 | $1,024.47 | $0.40 |
Institutional Shares | 1,000.00 | 1,024.52 | 0.35 |
Russell 1000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,024.47 | $0.40 |
Institutional Shares | 1,000.00 | 1,024.52 | 0.35 |
Russell 1000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,024.47 | $0.40 |
Institutional Shares | 1,000.00 | 1,024.52 | 0.35 |
Basic Materials | 1.8% |
Consumer Discretionary | 14.5 |
Consumer Staples | 4.6 |
Energy | 3.8 |
Financials | 10.6 |
Health Care | 11.8 |
Industrials | 12.8 |
Real Estate | 2.6 |
Technology | 33.1 |
Telecommunications | 2.0 |
Utilities | 2.4 |
Shares | Market Value• ($000) | ||
Common Stocks (99.5%) | |||
Basic Materials (1.8%) | |||
Linde plc | 70,714 | 31,738 | |
Ecolab Inc. | 36,178 | 8,134 | |
Freeport-McMoRan Inc. | 208,437 | 7,881 | |
Air Products and Chemicals Inc. | 32,349 | 7,571 | |
Nucor Corp. | 36,258 | 6,972 | |
Fastenal Co. | 83,094 | 6,067 | |
Dow Inc. | 103,019 | 5,757 | |
Newmont Corp. (XNYS) | 168,266 | 5,258 | |
LyondellBasell Industries NV Class A | 37,660 | 3,776 | |
Steel Dynamics Inc. | 22,757 | 3,045 | |
International Flavors & Fragrances Inc. | 37,120 | 2,803 | |
Reliance Steel & Aluminum Co. | 8,390 | 2,695 | |
Avery Dennison Corp. | 11,790 | 2,553 | |
Albemarle Corp. | 17,010 | 2,345 | |
CF Industries Holdings Inc. | 28,036 | 2,263 | |
Celanese Corp. | 14,402 | 2,189 | |
International Paper Co. | 50,523 | 1,786 | |
United States Steel Corp. | 32,064 | 1,518 | |
* | Cleveland-Cliffs Inc. | 72,650 | 1,511 |
Eastman Chemical Co. | 17,179 | 1,507 | |
Mosaic Co. | 48,287 | 1,505 | |
* | RBC Bearings Inc. | 4,105 | 1,120 |
FMC Corp. | 18,354 | 1,035 | |
Southern Copper Corp. | 12,533 | 1,013 | |
Royal Gold Inc. | 9,608 | 986 | |
Olin Corp. | 17,841 | 960 | |
Hexcel Corp. | 12,341 | 919 | |
* | Valvoline Inc. | 20,148 | 859 |
Element Solutions Inc. | 32,331 | 760 | |
Timken Co. | 8,892 | 747 | |
Alcoa Corp. | 25,495 | 694 | |
Ashland Inc. | 7,009 | 656 | |
Westlake Corp. | 4,700 | 652 | |
Huntsman Corp. | 24,988 | 640 | |
NewMarket Corp. | 883 | 567 | |
Chemours Co. | 21,801 | 429 | |
Scotts Miracle-Gro Co. | 5,864 | 385 | |
* | MP Materials Corp. | 14,848 | 226 |
SSR Mining Inc. (XTSE) | 28,819 | 124 | |
SSR Mining Inc. | 52 | — | |
121,646 |
Shares | Market Value• ($000) | ||
Consumer Discretionary (14.5%) | |||
* | Amazon.com Inc. | 1,313,981 | 232,259 |
* | Tesla Inc. | 402,407 | 81,238 |
Home Depot Inc. | 145,880 | 55,523 | |
Costco Wholesale Corp. | 64,619 | 48,069 | |
* | Netflix Inc. | 62,968 | 37,965 |
Walmart Inc. | 624,510 | 36,603 | |
McDonald's Corp. | 106,354 | 31,085 | |
Walt Disney Co. | 266,690 | 29,757 | |
* | Uber Technologies Inc. | 286,966 | 22,814 |
Lowe's Cos. Inc. | 84,241 | 20,274 | |
* | Booking Holdings Inc. | 5,203 | 18,048 |
NIKE Inc. Class B | 173,422 | 18,024 | |
TJX Cos. Inc. | 167,976 | 16,653 | |
Starbucks Corp. | 164,541 | 15,615 | |
* | Chipotle Mexican Grill Inc. | 3,998 | 10,750 |
Target Corp. | 67,127 | 10,265 | |
* | O'Reilly Automotive Inc. | 8,613 | 9,366 |
* | Airbnb Inc. Class A | 59,173 | 9,318 |
Marriott International Inc. Class A | 35,525 | 8,877 | |
General Motors Co. | 200,154 | 8,202 | |
* | AutoZone Inc. | 2,562 | 7,701 |
* | Lululemon Athletica Inc. | 16,238 | 7,585 |
Hilton Worldwide Holdings Inc. | 36,321 | 7,421 | |
Ross Stores Inc. | 48,961 | 7,293 | |
Ford Motor Co. | 571,337 | 7,107 | |
DR Horton Inc. | 45,371 | 6,780 | |
* | Copart Inc. | 125,220 | 6,655 |
Lennar Corp. Class A | 36,832 | 5,838 | |
Yum! Brands Inc. | 40,929 | 5,665 | |
Electronic Arts Inc. | 39,464 | 5,504 | |
* | Trade Desk Inc. Class A | 64,367 | 5,499 |
* | Spotify Technology SA | 20,455 | 5,245 |
Estee Lauder Cos. Inc. Class A | 33,579 | 4,989 | |
Dollar General Corp. | 31,867 | 4,631 | |
* | Dollar Tree Inc. | 30,444 | 4,466 |
* | Royal Caribbean Cruises Ltd. | 34,162 | 4,214 |
Tractor Supply Co. | 16,000 | 4,069 | |
Delta Air Lines Inc. | 93,455 | 3,950 | |
* | Ulta Beauty Inc. | 7,165 | 3,930 |
eBay Inc. | 78,127 | 3,694 | |
* | Take-Two Interactive Software Inc. | 24,073 | 3,537 |
* | Deckers Outdoor Corp. | 3,811 | 3,413 |
PulteGroup Inc. | 31,214 | 3,383 |
Shares | Market Value• ($000) | ||
* | NVR Inc. | 424 | 3,233 |
* | Aptiv plc | 39,402 | 3,132 |
Garmin Ltd. | 22,436 | 3,082 | |
Genuine Parts Co. | 20,485 | 3,058 | |
Darden Restaurants Inc. | 17,552 | 2,996 | |
Southwest Airlines Co. | 86,447 | 2,963 | |
* | Coupang Inc. | 159,137 | 2,947 |
Las Vegas Sands Corp. | 53,582 | 2,921 | |
* | Warner Bros Discovery Inc. | 320,373 | 2,816 |
* | Expedia Group Inc. | 20,040 | 2,742 |
* | Roblox Corp. Class A | 67,644 | 2,699 |
* | DraftKings Inc. Class A | 60,894 | 2,638 |
Omnicom Group Inc. | 28,659 | 2,533 | |
* | Carnival Corp. | 145,319 | 2,305 |
Best Buy Co. Inc. | 28,474 | 2,303 | |
Domino's Pizza Inc. | 5,086 | 2,280 | |
* | Live Nation Entertainment Inc. | 22,881 | 2,219 |
Pool Corp. | 5,512 | 2,194 | |
Williams-Sonoma Inc. | 9,236 | 2,175 | |
* | United Airlines Holdings Inc. | 47,389 | 2,156 |
* | Liberty Media Corp.-Liberty Formula One Class C | 29,185 | 2,124 |
LKQ Corp. | 38,911 | 2,035 | |
RB Global Inc. (XTSE) | 26,524 | 2,013 | |
* | Burlington Stores Inc. | 9,367 | 1,921 |
* | CarMax Inc. | 23,114 | 1,826 |
* | Floor & Decor Holdings Inc. Class A | 15,076 | 1,826 |
Toll Brothers Inc. | 15,601 | 1,789 | |
* | MGM Resorts International | 41,085 | 1,778 |
Interpublic Group of Cos. Inc. | 55,820 | 1,753 | |
Rollins Inc. | 37,150 | 1,637 | |
Wynn Resorts Ltd. | 15,221 | 1,601 | |
* | Five Below Inc. | 7,943 | 1,594 |
Tapestry Inc. | 33,309 | 1,583 | |
Dick's Sporting Goods Inc. | 8,791 | 1,564 | |
Service Corp. International | 21,354 | 1,563 | |
Bath & Body Works Inc. | 33,606 | 1,536 | |
News Corp. Class A | 56,863 | 1,529 | |
Wingstop Inc. | 4,329 | 1,520 | |
* | American Airlines Group Inc. | 95,100 | 1,491 |
Texas Roadhouse Inc. | 9,787 | 1,462 | |
* | BJ's Wholesale Club Holdings Inc. | 19,486 | 1,423 |
Tempur Sealy International Inc. | 24,439 | 1,331 | |
* | Caesars Entertainment Inc. | 29,725 | 1,292 |
* | Etsy Inc. | 17,751 | 1,273 |
Vail Resorts Inc. | 5,523 | 1,272 | |
Churchill Downs Inc. | 10,405 | 1,268 | |
Gentex Corp. | 34,359 | 1,255 | |
* | Skechers USA Inc. Class A | 19,536 | 1,208 |
* | Norwegian Cruise Line Holdings Ltd. | 62,023 | 1,203 |
PVH Corp. | 8,741 | 1,195 | |
Lithia Motors Inc. | 3,952 | 1,182 | |
Murphy USA Inc. | 2,813 | 1,173 | |
Lear Corp. | 8,436 | 1,159 | |
* | Rivian Automotive Inc. Class A | 96,795 | 1,096 |
* | Crocs Inc. | 8,941 | 1,093 |
* | SiteOne Landscape Supply Inc. | 6,490 | 1,093 |
Ralph Lauren Corp. | 5,822 | 1,082 |
Shares | Market Value• ($000) | ||
Fox Corp. Class A | 35,795 | 1,066 | |
BorgWarner Inc. (XNYS) | 34,152 | 1,063 | |
H&R Block Inc. | 21,172 | 1,036 | |
Aramark | 34,110 | 1,035 | |
New York Times Co. Class A | 23,334 | 1,033 | |
* | Mattel Inc. | 50,652 | 998 |
Hyatt Hotels Corp. Class A | 6,479 | 995 | |
* | Bright Horizons Family Solutions Inc. | 8,459 | 972 |
Hasbro Inc. | 19,189 | 965 | |
Thor Industries Inc. | 7,496 | 961 | |
Paramount Global Class B | 84,615 | 934 | |
U-Haul Holding Co. | 14,511 | 923 | |
Wyndham Hotels & Resorts Inc. | 11,807 | 904 | |
Whirlpool Corp. | 7,852 | 843 | |
VF Corp. | 51,313 | 839 | |
Nexstar Media Group Inc. | 4,890 | 813 | |
* | Lyft Inc. Class A | 49,972 | 794 |
* | Planet Fitness Inc. Class A | 12,506 | 776 |
* | Capri Holdings Ltd. | 16,393 | 756 |
TKO Group Holdings Inc. | 8,825 | 739 | |
Polaris Inc. | 7,942 | 736 | |
* | Ollie's Bargain Outlet Holdings Inc. | 9,092 | 729 |
* | Wayfair Inc. Class A | 12,065 | 719 |
Macy's Inc. | 39,875 | 695 | |
Boyd Gaming Corp. | 10,478 | 693 | |
* | Coty Inc. Class A | 54,773 | 688 |
Harley-Davidson Inc. | 18,974 | 688 | |
* | Liberty Media Corp.-Liberty SiriusXM Class C | 23,692 | 687 |
* | Alaska Air Group Inc. | 18,316 | 685 |
* | RH | 2,263 | 621 |
* | AutoNation Inc. | 4,134 | 619 |
* | Grand Canyon Education Inc. | 4,334 | 584 |
Advance Auto Parts Inc. | 8,463 | 572 | |
* | GameStop Corp. Class A | 39,293 | 561 |
Fox Corp. Class B | 19,597 | 537 | |
Gap Inc. | 28,209 | 534 | |
* | YETI Holdings Inc. | 12,431 | 510 |
* | Madison Square Garden Sports Corp. | 2,674 | 503 |
Marriott Vacations Worldwide Corp. | 5,252 | 489 | |
Choice Hotels International Inc. | 4,339 | 486 | |
Wendy's Co. | 25,179 | 456 | |
Travel & Leisure Co. | 10,049 | 449 | |
Kohl's Corp. | 15,818 | 441 | |
Penske Automotive Group Inc. | 2,861 | 439 | |
Carter's Inc. | 5,218 | 422 | |
News Corp. Class B | 15,076 | 422 | |
Columbia Sportswear Co. | 5,045 | 417 | |
* | TripAdvisor Inc. | 15,473 | 415 |
Newell Brands Inc. | 54,343 | 408 | |
* | Penn Entertainment Inc. | 21,544 | 394 |
* | Liberty Media Corp.-Liberty SiriusXM Class A | 13,429 | 391 |
Leggett & Platt Inc. | 18,885 | 386 | |
*,1 | Lucid Group Inc. | 106,943 | 353 |
Nordstrom Inc. | 16,506 | 346 | |
* | Victoria's Secret & Co. | 11,317 | 323 |
Avis Budget Group Inc. | 2,894 | 313 | |
* | QuantumScape Corp. | 49,264 | 309 |
Shares | Market Value• ($000) | ||
* | Under Armour Inc. Class A | 33,984 | 305 |
1 | Sirius XM Holdings Inc. | 64,556 | 285 |
* | Liberty Media Corp.-Liberty Live Class C | 6,999 | 279 |
Phinia Inc. | 6,852 | 235 | |
* | Peloton Interactive Inc. Class A | 48,961 | 221 |
*,1 | Birkenstock Holding plc | 4,301 | 215 |
* | Under Armour Inc. Class C | 21,710 | 185 |
* | Hertz Global Holdings Inc. | 19,207 | 151 |
* | Liberty Media Corp.-Liberty Formula One Class A | 2,216 | 145 |
* | AMC Entertainment Holdings Inc. Class A | 28,757 | 124 |
* | Cava Group Inc. | 2,051 | 120 |
* | Driven Brands Holdings Inc. | 8,516 | 117 |
* | Liberty Media Corp.-Liberty Live Class A | 2,697 | 104 |
Lennar Corp. Class B | 695 | 102 | |
* | Mister Car Wash Inc. | 12,022 | 100 |
* | U-Haul Holding Co. (XNYS) | 1,129 | 73 |
1 | Paramount Global Class A | 2,317 | 49 |
* | Petco Health & Wellness Co. Inc. | 11,746 | 31 |
* | Playtika Holding Corp. | 3,378 | 25 |
991,740 | |||
Consumer Staples (4.5%) | |||
Procter & Gamble Co. | 343,377 | 54,576 | |
Coca-Cola Co. | 568,147 | 34,100 | |
PepsiCo Inc. | 200,957 | 33,226 | |
Philip Morris International Inc. | 226,345 | 20,362 | |
Mondelez International Inc. Class A | 198,377 | 14,495 | |
CVS Health Corp. | 186,744 | 13,888 | |
Altria Group Inc. | 260,412 | 10,653 | |
Colgate-Palmolive Co. | 119,718 | 10,358 | |
McKesson Corp. | 19,776 | 10,311 | |
* | Monster Beverage Corp. | 108,599 | 6,418 |
Sysco Corp. | 73,863 | 5,981 | |
Kimberly-Clark Corp. | 49,122 | 5,952 | |
Constellation Brands Inc. Class A | 23,455 | 5,829 | |
Corteva Inc. | 103,805 | 5,556 | |
Cencora Inc. | 23,530 | 5,544 | |
General Mills Inc. | 84,797 | 5,442 | |
Kenvue Inc. | 252,655 | 4,800 | |
Kroger Co. | 94,961 | 4,711 | |
Keurig Dr Pepper Inc. | 138,729 | 4,149 | |
Archer-Daniels-Midland Co. | 77,738 | 4,129 | |
Kraft Heinz Co. | 116,854 | 4,123 | |
Hershey Co. | 21,865 | 4,109 | |
Church & Dwight Co. Inc. | 35,608 | 3,565 | |
Clorox Co. | 18,044 | 2,766 | |
McCormick & Co. Inc. | 36,772 | 2,532 | |
Walgreens Boots Alliance Inc. | 104,423 | 2,220 | |
Tyson Foods Inc. Class A | 40,606 | 2,203 | |
Lamb Weston Holdings Inc. | 21,269 | 2,174 | |
Kellanova | 37,712 | 2,080 | |
Bunge Global SA | 21,085 | 1,990 | |
Conagra Brands Inc. | 68,961 | 1,936 | |
J M Smucker Co. | 14,930 | 1,794 | |
* | Performance Food Group Co. | 22,451 | 1,724 |
* | Celsius Holdings Inc. | 21,009 | 1,715 |
Shares | Market Value• ($000) | ||
* | US Foods Holding Corp. | 32,835 | 1,668 |
Casey's General Stores Inc. | 5,448 | 1,659 | |
Molson Coors Beverage Co. Class B | 25,523 | 1,593 | |
Brown-Forman Corp. Class B | 25,685 | 1,547 | |
Hormel Foods Corp. | 42,238 | 1,492 | |
Albertsons Cos. Inc. Class A | 60,652 | 1,230 | |
Campbell Soup Co. | 27,690 | 1,181 | |
Ingredion Inc. | 9,655 | 1,136 | |
* | Darling Ingredients Inc. | 23,268 | 985 |
* | Post Holdings Inc. | 7,487 | 780 |
* | Freshpet Inc. | 6,311 | 713 |
Flowers Foods Inc. | 27,713 | 621 | |
Brown-Forman Corp. Class A | 7,667 | 460 | |
* | Boston Beer Co. Inc. Class A | 1,392 | 429 |
Spectrum Brands Holdings Inc. | 5,090 | 409 | |
* | Grocery Outlet Holding Corp. | 13,919 | 359 |
Reynolds Consumer Products Inc. | 7,776 | 229 | |
* | Pilgrim's Pride Corp. | 5,687 | 181 |
WK Kellogg Co. | 9,428 | 138 | |
Seaboard Corp. | 30 | 99 | |
* | Olaplex Holdings Inc. | 18,089 | 34 |
312,354 | |||
Energy (3.7%) | |||
Exxon Mobil Corp. | 590,394 | 61,708 | |
Chevron Corp. | 250,993 | 38,153 | |
ConocoPhillips | 174,739 | 19,665 | |
Schlumberger NV | 207,751 | 10,041 | |
EOG Resources Inc. | 85,702 | 9,809 | |
Marathon Petroleum Corp. | 55,357 | 9,368 | |
Phillips 66 | 64,911 | 9,250 | |
Pioneer Natural Resources Co. | 33,933 | 7,981 | |
Valero Energy Corp. | 49,492 | 7,001 | |
Williams Cos. Inc. | 177,690 | 6,386 | |
ONEOK Inc. | 84,680 | 6,361 | |
Occidental Petroleum Corp. | 100,160 | 6,071 | |
Hess Corp. | 40,503 | 5,903 | |
Cheniere Energy Inc. | 34,929 | 5,421 | |
Kinder Morgan Inc. | 286,271 | 4,978 | |
Diamondback Energy Inc. | 25,979 | 4,742 | |
Halliburton Co. | 130,895 | 4,591 | |
Baker Hughes Co. | 147,620 | 4,368 | |
Devon Energy Corp. | 93,247 | 4,108 | |
Targa Resources Corp. | 32,203 | 3,164 | |
Coterra Energy Inc. | 109,027 | 2,811 | |
* | Enphase Energy Inc. | 19,314 | 2,453 |
* | First Solar Inc. | 15,440 | 2,376 |
Marathon Oil Corp. | 87,997 | 2,134 | |
EQT Corp. | 52,718 | 1,959 | |
Ovintiv Inc. (XNYS) | 37,373 | 1,847 | |
Chesapeake Energy Corp. | 18,316 | 1,516 | |
Texas Pacific Land Corp. | 885 | 1,394 | |
TechnipFMC plc | 62,954 | 1,365 | |
APA Corp. | 44,822 | 1,335 | |
HF Sinclair Corp. | 21,126 | 1,173 | |
* | Southwestern Energy Co. | 158,136 | 1,102 |
Range Resources Corp. | 34,301 | 1,085 | |
* | Antero Resources Corp. | 41,477 | 1,066 |
Shares | Market Value• ($000) | ||
NOV Inc. | 57,522 | 972 | |
DTE Midstream LLC | 13,957 | 804 | |
Antero Midstream Corp. | 49,784 | 667 | |
New Fortress Energy Inc. | 9,237 | 325 | |
* | Plug Power Inc. | 76,639 | 271 |
* | ChargePoint Holdings Inc. | 41,717 | 86 |
255,810 | |||
Financials (10.6%) | |||
* | Berkshire Hathaway Inc. Class B | 267,052 | 109,331 |
JPMorgan Chase & Co. | 421,000 | 78,331 | |
Bank of America Corp. | 1,005,079 | 34,695 | |
Wells Fargo & Co. | 535,255 | 29,755 | |
S&P Global Inc. | 46,794 | 20,046 | |
Goldman Sachs Group Inc. | 46,505 | 18,093 | |
BlackRock Inc. | 21,674 | 17,585 | |
Progressive Corp. | 85,216 | 16,154 | |
Citigroup Inc. | 278,948 | 15,479 | |
Morgan Stanley | 175,335 | 15,086 | |
Chubb Ltd. | 59,209 | 14,901 | |
Marsh & McLennan Cos. Inc. | 72,176 | 14,599 | |
Charles Schwab Corp. | 216,149 | 14,434 | |
Blackstone Inc. | 103,913 | 13,282 | |
CME Group Inc. | 52,355 | 11,536 | |
Intercontinental Exchange Inc. | 82,552 | 11,427 | |
US Bancorp | 227,133 | 9,531 | |
KKR & Co. Inc. | 96,692 | 9,501 | |
Aon plc Class A (XNYS) | 28,907 | 9,134 | |
Moody's Corp. | 23,149 | 8,783 | |
PNC Financial Services Group Inc. | 58,099 | 8,552 | |
Apollo Global Management Inc. | 76,112 | 8,509 | |
American International Group Inc. | 103,781 | 7,565 | |
Arthur J Gallagher & Co. | 30,882 | 7,533 | |
Travelers Cos. Inc. | 33,226 | 7,342 | |
Aflac Inc. | 86,009 | 6,944 | |
Truist Financial Corp. | 193,570 | 6,771 | |
MetLife Inc. | 92,342 | 6,440 | |
Bank of New York Mellon Corp. | 112,250 | 6,296 | |
MSCI Inc. | 11,197 | 6,281 | |
Allstate Corp. | 38,272 | 6,105 | |
Ameriprise Financial Inc. | 14,964 | 6,096 | |
Prudential Financial Inc. | 52,920 | 5,768 | |
* | Coinbase Global Inc. Class A | 24,689 | 5,026 |
* | Arch Capital Group Ltd. | 52,022 | 4,557 |
Discover Financial Services | 36,365 | 4,389 | |
Hartford Financial Services Group Inc. | 43,009 | 4,122 | |
Willis Towers Watson plc | 15,076 | 4,110 | |
* | NU Holdings Ltd. Class A | 340,618 | 3,774 |
T Rowe Price Group Inc. | 32,055 | 3,633 | |
Broadridge Financial Solutions Inc. | 17,117 | 3,485 | |
Fifth Third Bancorp | 99,075 | 3,402 | |
M&T Bank Corp. | 24,139 | 3,373 | |
Raymond James Financial Inc. | 27,516 | 3,311 | |
State Street Corp. | 44,909 | 3,311 | |
Ares Management Corp. Class A | 23,780 | 3,154 | |
Cboe Global Markets Inc. | 15,333 | 2,944 |
Shares | Market Value• ($000) | ||
LPL Financial Holdings Inc. | 10,981 | 2,942 | |
Brown & Brown Inc. | 34,642 | 2,917 | |
* | Markel Group Inc. | 1,925 | 2,873 |
Principal Financial Group Inc. | 35,095 | 2,838 | |
Nasdaq Inc. | 49,880 | 2,803 | |
Huntington Bancshares Inc. | 209,807 | 2,736 | |
FactSet Research Systems Inc. | 5,577 | 2,580 | |
Cincinnati Financial Corp. | 22,436 | 2,558 | |
Regions Financial Corp. | 135,661 | 2,527 | |
First Citizens BancShares Inc. Class A | 1,574 | 2,477 | |
Northern Trust Corp. | 29,897 | 2,455 | |
W R Berkley Corp. | 29,126 | 2,435 | |
Everest Group Ltd. | 6,241 | 2,302 | |
Citizens Financial Group Inc. | 67,740 | 2,126 | |
Loews Corp. | 26,735 | 2,009 | |
KeyCorp | 135,683 | 1,936 | |
Fidelity National Financial Inc. | 37,596 | 1,902 | |
Tradeweb Markets Inc. Class A | 16,820 | 1,780 | |
Reinsurance Group of America Inc. | 9,729 | 1,721 | |
Equitable Holdings Inc. | 50,269 | 1,721 | |
RenaissanceRe Holdings Ltd. | 7,334 | 1,649 | |
Interactive Brokers Group Inc. Class A | 15,082 | 1,640 | |
Kinsale Capital Group Inc. | 3,155 | 1,629 | |
Globe Life Inc. | 12,754 | 1,619 | |
* | Robinhood Markets Inc. Class A | 97,375 | 1,588 |
East West Bancorp Inc. | 20,565 | 1,498 | |
Ally Financial Inc. | 39,682 | 1,468 | |
Unum Group | 28,698 | 1,419 | |
Carlyle Group Inc. | 30,905 | 1,417 | |
Assurant Inc. | 7,662 | 1,390 | |
Annaly Capital Management Inc. | 72,285 | 1,380 | |
American Financial Group Inc. | 10,650 | 1,360 | |
Primerica Inc. | 5,151 | 1,263 | |
* | SoFi Technologies Inc. | 134,615 | 1,209 |
Blue Owl Capital Inc. | 66,291 | 1,191 | |
Webster Financial Corp. | 24,865 | 1,185 | |
MarketAxess Holdings Inc. | 5,377 | 1,148 | |
Franklin Resources Inc. | 41,677 | 1,144 | |
First Horizon Corp. | 80,397 | 1,134 | |
Morningstar Inc. | 3,754 | 1,121 | |
XP Inc. Class A | 47,024 | 1,112 | |
Jefferies Financial Group Inc. | 26,323 | 1,101 | |
Old Republic International Corp. | 37,822 | 1,095 | |
Stifel Financial Corp. | 14,422 | 1,094 | |
SEI Investments Co. | 14,620 | 983 | |
Voya Financial Inc. | 14,371 | 982 | |
Evercore Inc. Class A | 5,159 | 965 | |
Comerica Inc. | 19,286 | 952 | |
Houlihan Lokey Inc. | 7,353 | 946 | |
Cullen/Frost Bankers Inc. | 8,672 | 941 | |
Western Alliance Bancorp | 15,846 | 915 | |
Commerce Bancshares Inc. | 17,334 | 902 |
Shares | Market Value• ($000) | ||
Pinnacle Financial Partners Inc. | 10,896 | 901 | |
AGNC Investment Corp. | 94,184 | 900 | |
Starwood Property Trust Inc. | 42,368 | 864 | |
RLI Corp. | 5,882 | 861 | |
Wintrust Financial Corp. | 8,907 | 858 | |
Popular Inc. | 10,240 | 857 | |
First American Financial Corp. | 14,430 | 843 | |
Zions Bancorp NA | 21,126 | 833 | |
Corebridge Financial Inc. | 32,873 | 816 | |
Invesco Ltd. | 52,482 | 809 | |
MGIC Investment Corp. | 40,511 | 806 | |
Affiliated Managers Group Inc. | 5,064 | 792 | |
Synovus Financial Corp. | 20,865 | 792 | |
Prosperity Bancshares Inc. | 12,567 | 784 | |
OneMain Holdings Inc. | 16,186 | 764 | |
Rithm Capital Corp. | 69,282 | 751 | |
Assured Guaranty Ltd. | 8,103 | 742 | |
Axis Capital Holdings Ltd. | 11,408 | 714 | |
* | Ryan Specialty Holdings Inc. | 13,620 | 713 |
FNB Corp. | 52,056 | 694 | |
SLM Corp. | 33,281 | 693 | |
Lincoln National Corp. | 24,975 | 688 | |
Hanover Insurance Group Inc. | 5,175 | 680 | |
Bank OZK | 15,394 | 674 | |
White Mountains Insurance Group Ltd. | 355 | 627 | |
Lazard Inc. | 16,211 | 625 | |
Janus Henderson Group plc | 19,815 | 617 | |
Columbia Banking System Inc. | 30,483 | 552 | |
Kemper Corp. | 8,887 | 509 | |
New York Community Bancorp Inc. | 104,395 | 500 | |
* | Credit Acceptance Corp. | 889 | 492 |
TPG Inc. | 10,333 | 458 | |
* | Brighthouse Financial Inc. | 9,592 | 447 |
First Hawaiian Inc. | 18,127 | 380 | |
BOK Financial Corp. | 4,162 | 354 | |
Virtu Financial Inc. Class A | 13,061 | 236 | |
* | Rocket Cos. Inc. Class A | 17,131 | 215 |
CNA Financial Corp. | 3,872 | 170 | |
1 | UWM Holdings Corp. | 14,976 | 96 |
TFS Financial Corp. | 7,077 | 90 | |
726,751 | |||
Health Care (11.8%) | |||
Eli Lilly & Co. | 123,425 | 93,023 | |
UnitedHealth Group Inc. | 135,568 | 66,916 | |
Johnson & Johnson | 351,469 | 56,720 | |
Merck & Co. Inc. | 370,433 | 47,101 | |
AbbVie Inc. | 257,370 | 45,310 | |
Thermo Fisher Scientific Inc. | 56,270 | 32,084 | |
Abbott Laboratories | 252,491 | 29,956 | |
Danaher Corp. | 95,983 | 24,297 | |
Pfizer Inc. | 824,027 | 21,886 | |
Amgen Inc. | 77,908 | 21,334 | |
* | Intuitive Surgical Inc. | 50,935 | 19,641 |
Stryker Corp. | 51,812 | 18,086 | |
Elevance Health Inc. | 34,567 | 17,327 | |
Medtronic plc | 193,721 | 16,149 |
Shares | Market Value• ($000) | ||
* | Vertex Pharmaceuticals Inc. | 37,577 | 15,810 |
Bristol-Myers Squibb Co. | 296,959 | 15,071 | |
* | Regeneron Pharmaceuticals Inc. | 14,956 | 14,449 |
Cigna Group | 42,576 | 14,311 | |
* | Boston Scientific Corp. | 213,309 | 14,123 |
Zoetis Inc. | 67,490 | 13,385 | |
Gilead Sciences Inc. | 182,306 | 13,144 | |
Becton Dickinson & Co. | 42,235 | 9,948 | |
HCA Healthcare Inc. | 29,009 | 9,042 | |
* | Edwards Lifesciences Corp. | 87,684 | 7,442 |
* | IDEXX Laboratories Inc. | 12,017 | 6,913 |
* | IQVIA Holdings Inc. | 26,524 | 6,556 |
* | DexCom Inc. | 56,442 | 6,495 |
Humana Inc. | 18,208 | 6,379 | |
* | Centene Corp. | 77,822 | 6,104 |
Agilent Technologies Inc. | 42,599 | 5,851 | |
GE Healthcare Inc. | 58,737 | 5,361 | |
* | Veeva Systems Inc. Class A | 21,158 | 4,771 |
* | Biogen Inc. | 20,959 | 4,548 |
* | Moderna Inc. | 48,366 | 4,461 |
Cardinal Health Inc. | 35,963 | 4,027 | |
West Pharmaceutical Services Inc. | 10,761 | 3,856 | |
* | ICON plc | 11,873 | 3,807 |
Zimmer Biomet Holdings Inc. | 30,594 | 3,805 | |
ResMed Inc. | 21,140 | 3,672 | |
* | Align Technology Inc. | 11,163 | 3,376 |
STERIS plc | 14,459 | 3,368 | |
* | Molina Healthcare Inc. | 8,424 | 3,318 |
* | Illumina Inc. | 22,991 | 3,215 |
Baxter International Inc. | 73,959 | 3,026 | |
* | Alnylam Pharmaceuticals Inc. | 18,043 | 2,726 |
Laboratory Corp. of America Holdings | 12,359 | 2,667 | |
Cooper Cos. Inc. | 28,224 | 2,642 | |
* | Hologic Inc. | 35,299 | 2,605 |
* | Avantor Inc. | 98,633 | 2,430 |
* | BioMarin Pharmaceutical Inc. | 27,323 | 2,357 |
Viatris Inc. | 174,515 | 2,159 | |
Quest Diagnostics Inc. | 16,368 | 2,044 | |
Revvity Inc. | 18,063 | 1,979 | |
* | Charles River Laboratories International Inc. | 7,337 | 1,865 |
* | Neurocrine Biosciences Inc. | 13,991 | 1,824 |
* | Sarepta Therapeutics Inc. | 13,117 | 1,678 |
Bio-Techne Corp. | 22,761 | 1,675 | |
* | Insulet Corp. | 10,064 | 1,650 |
Royalty Pharma plc Class A | 54,189 | 1,644 | |
* | Karuna Therapeutics Inc. | 5,200 | 1,633 |
* | Incyte Corp. | 26,969 | 1,574 |
* | Repligen Corp. | 8,029 | 1,558 |
Teleflex Inc. | 6,812 | 1,518 | |
* | Catalent Inc. | 26,380 | 1,513 |
* | United Therapeutics Corp. | 6,607 | 1,491 |
* | Exact Sciences Corp. | 25,886 | 1,489 |
Universal Health Services Inc. Class B | 8,714 | 1,456 | |
* | Henry Schein Inc. | 19,030 | 1,455 |
* | Qiagen NV | 32,562 | 1,393 |
* | Shockwave Medical Inc. | 5,296 | 1,382 |
* | Tenet Healthcare Corp. | 14,793 | 1,376 |
Shares | Market Value• ($000) | ||
* | Medpace Holdings Inc. | 3,412 | 1,356 |
* | Natera Inc. | 15,640 | 1,353 |
Chemed Corp. | 2,157 | 1,351 | |
Bruker Corp. | 15,576 | 1,348 | |
* | Penumbra Inc. | 5,298 | 1,245 |
* | Elanco Animal Health Inc. (XNYS) | 71,906 | 1,143 |
* | Acadia Healthcare Co. Inc. | 13,144 | 1,097 |
Encompass Health Corp. | 14,455 | 1,075 | |
* | Jazz Pharmaceuticals plc | 8,967 | 1,066 |
DENTSPLY SIRONA Inc. | 31,035 | 1,014 | |
* | Exelixis Inc. | 45,782 | 1,003 |
* | DaVita Inc. | 7,792 | 989 |
* | Bio-Rad Laboratories Inc. Class A | 3,003 | 979 |
* | Ionis Pharmaceuticals Inc. | 20,928 | 946 |
* | Globus Medical Inc. Class A | 17,248 | 931 |
* | Apellis Pharmaceuticals Inc. | 14,627 | 906 |
* | Masimo Corp. | 6,190 | 796 |
* | Inspire Medical Systems Inc. | 4,240 | 759 |
Organon & Co. | 37,477 | 652 | |
* | 10X Genomics Inc. Class A | 13,456 | 628 |
* | Ultragenyx Pharmaceutical Inc. | 11,442 | 592 |
* | Roivant Sciences Ltd. | 51,188 | 586 |
* | Azenta Inc. | 8,637 | 563 |
Perrigo Co. plc | 19,798 | 520 | |
* | Envista Holdings Corp. | 23,990 | 495 |
* | Fortrea Holdings Inc. | 12,987 | 488 |
* | Doximity Inc. Class A | 17,226 | 486 |
* | Enovis Corp. | 7,530 | 450 |
* | Amedisys Inc. | 4,568 | 425 |
* | Teladoc Health Inc. | 24,345 | 367 |
* | Integra LifeSciences Holdings Corp. | 9,787 | 361 |
* | Ginkgo Bioworks Holdings Inc. | 233,309 | 355 |
Premier Inc. Class A | 16,767 | 350 | |
* | QuidelOrtho Corp. | 7,645 | 349 |
* | ICU Medical Inc. | 2,860 | 312 |
* | R1 RCM Inc. | 21,814 | 306 |
* | Certara Inc. | 17,256 | 291 |
* | agilon health Inc. | 42,625 | 261 |
* | Tandem Diabetes Care Inc. | 9,771 | 260 |
* | Novocure Ltd. | 15,398 | 236 |
* | Sotera Health Co. | 14,352 | 215 |
* | Maravai LifeSciences Holdings Inc. Class A | 15,071 | 116 |
808,268 | |||
Industrials (12.7%) | |||
Visa Inc. Class A | 232,652 | 65,757 | |
Mastercard Inc. Class A | 121,106 | 57,496 | |
Accenture plc Class A | 92,157 | 34,539 | |
Caterpillar Inc. | 74,418 | 24,853 | |
General Electric Co. | 158,110 | 24,806 | |
Union Pacific Corp. | 88,897 | 22,552 | |
Honeywell International Inc. | 97,118 | 19,300 | |
RTX Corp. | 209,743 | 18,808 | |
American Express Co. | 84,620 | 18,567 | |
Eaton Corp. plc | 58,070 | 16,782 | |
* | Boeing Co. | 81,323 | 16,567 |
United Parcel Service Inc. Class B (XNYS) | 105,617 | 15,659 |
Shares | Market Value• ($000) | ||
Automatic Data Processing Inc. | 60,312 | 15,146 | |
Deere & Co. | 38,657 | 14,112 | |
Lockheed Martin Corp. | 32,301 | 13,833 | |
* | Fiserv Inc. | 87,183 | 13,014 |
Sherwin-Williams Co. | 34,686 | 11,517 | |
Illinois Tool Works Inc. | 43,669 | 11,448 | |
CSX Corp. | 287,790 | 10,919 | |
Parker-Hannifin Corp. | 18,630 | 9,975 | |
General Dynamics Corp. | 35,675 | 9,748 | |
* | PayPal Holdings Inc. | 160,143 | 9,663 |
Northrop Grumman Corp. | 20,875 | 9,624 | |
Trane Technologies plc | 33,198 | 9,361 | |
TransDigm Group Inc. | 7,722 | 9,094 | |
Emerson Electric Co. | 83,259 | 8,896 | |
FedEx Corp. | 33,811 | 8,418 | |
Norfolk Southern Corp. | 33,134 | 8,395 | |
PACCAR Inc. | 74,815 | 8,296 | |
Cintas Corp. | 12,625 | 7,936 | |
Capital One Financial Corp. | 55,287 | 7,608 | |
3M Co. | 80,119 | 7,381 | |
United Rentals Inc. | 9,853 | 6,831 | |
Carrier Global Corp. | 121,471 | 6,751 | |
Old Dominion Freight Line Inc. | 14,385 | 6,365 | |
Ferguson plc | 29,770 | 6,295 | |
* | Block Inc. (XNYS) | 79,129 | 6,288 |
WW Grainger Inc. | 6,436 | 6,265 | |
AMETEK Inc. | 33,546 | 6,044 | |
Fidelity National Information Services Inc. | 86,193 | 5,964 | |
Johnson Controls International plc | 99,217 | 5,881 | |
L3Harris Technologies Inc. | 27,602 | 5,842 | |
Paychex Inc. | 46,909 | 5,752 | |
Otis Worldwide Corp. | 60,198 | 5,737 | |
Cummins Inc. | 20,712 | 5,563 | |
Ingersoll Rand Inc. (XYNS) | 59,014 | 5,390 | |
Martin Marietta Materials Inc. | 8,994 | 5,196 | |
Vulcan Materials Co. | 19,346 | 5,143 | |
Quanta Services Inc. | 20,929 | 5,055 | |
Verisk Analytics Inc. | 20,788 | 5,029 | |
Global Payments Inc. | 37,583 | 4,875 | |
Equifax Inc. | 17,721 | 4,848 | |
PPG Industries Inc. | 34,156 | 4,836 | |
Rockwell Automation Inc. | 16,753 | 4,776 | |
DuPont de Nemours Inc. | 66,815 | 4,623 | |
* | Fair Isaac Corp. | 3,541 | 4,497 |
Xylem Inc. | 34,500 | 4,383 | |
Fortive Corp. | 51,475 | 4,382 | |
* | Keysight Technologies Inc. | 25,843 | 3,988 |
* | Mettler-Toledo International Inc. | 3,189 | 3,977 |
Howmet Aerospace Inc. | 55,386 | 3,686 | |
Westinghouse Air Brake Technologies Corp. | 25,909 | 3,661 | |
* | Builders FirstSource Inc. | 17,916 | 3,497 |
Dover Corp. | 20,394 | 3,373 | |
* | Axon Enterprise Inc. | 10,261 | 3,154 |
Hubbell Inc. | 7,781 | 2,962 | |
* | FleetCor Technologies Inc. | 10,475 | 2,925 |
* | Teledyne Technologies Inc. | 6,787 | 2,900 |
* | Waters Corp. | 8,544 | 2,883 |
Ball Corp. | 44,688 | 2,861 | |
Veralto Corp. | 31,972 | 2,763 |
Shares | Market Value• ($000) | ||
Booz Allen Hamilton Holding Corp. | 18,662 | 2,757 | |
Jacobs Solutions Inc. | 18,394 | 2,697 | |
IDEX Corp. | 11,041 | 2,605 | |
Expeditors International of Washington Inc. | 21,462 | 2,567 | |
Textron Inc. | 28,618 | 2,549 | |
Masco Corp. | 32,804 | 2,518 | |
Synchrony Financial | 59,965 | 2,477 | |
JB Hunt Transport Services Inc. | 11,997 | 2,475 | |
Carlisle Cos. Inc. | 7,050 | 2,467 | |
Packaging Corp. of America | 12,905 | 2,338 | |
* | Saia Inc. | 3,877 | 2,231 |
Graco Inc. | 24,425 | 2,229 | |
Nordson Corp. | 8,354 | 2,219 | |
* | Trimble Inc. | 36,028 | 2,205 |
Lennox International Inc. | 4,659 | 2,195 | |
TransUnion | 27,988 | 2,173 | |
RPM International Inc. | 18,546 | 2,139 | |
EMCOR Group Inc. | 6,744 | 2,114 | |
Snap-on Inc. | 7,580 | 2,089 | |
Lincoln Electric Holdings Inc. | 8,087 | 2,075 | |
* | Zebra Technologies Corp. Class A | 7,407 | 2,070 |
Stanley Black & Decker Inc. | 22,395 | 2,000 | |
* | XPO Inc. | 16,459 | 1,980 |
Owens Corning | 12,936 | 1,938 | |
Watsco Inc. | 4,838 | 1,907 | |
Amcor plc | 210,343 | 1,906 | |
* | TopBuild Corp. | 4,643 | 1,868 |
Pentair plc | 23,739 | 1,847 | |
Jack Henry & Associates Inc. | 10,586 | 1,840 | |
HEICO Corp. Class A | 11,733 | 1,826 | |
AECOM | 19,170 | 1,703 | |
CNH Industrial NV | 141,526 | 1,691 | |
Westrock Co. | 37,175 | 1,684 | |
Regal Rexnord Corp. | 9,692 | 1,662 | |
Huntington Ingalls Industries Inc. | 5,673 | 1,654 | |
Allegion plc | 12,692 | 1,623 | |
nVent Electric plc | 24,099 | 1,622 | |
Advanced Drainage Systems Inc. | 9,898 | 1,616 | |
Fortune Brands Innovations Inc. | 18,549 | 1,509 | |
ITT Inc. | 11,959 | 1,508 | |
A O Smith Corp. | 17,631 | 1,462 | |
* | Trex Co. Inc. | 15,699 | 1,441 |
Toro Co. | 15,265 | 1,409 | |
* | WEX Inc. | 6,260 | 1,375 |
Tetra Tech Inc. | 7,682 | 1,362 | |
BWX Technologies Inc. | 13,368 | 1,348 | |
AptarGroup Inc. | 9,568 | 1,344 | |
* | WillScot Mobile Mini Holdings Corp. | 27,946 | 1,334 |
Curtiss-Wright Corp. | 5,515 | 1,303 | |
HEICO Corp. | 6,646 | 1,285 | |
Knight-Swift Transportation Holdings Inc. | 22,804 | 1,285 | |
Eagle Materials Inc. | 5,019 | 1,273 | |
Donaldson Co. Inc. | 17,461 | 1,251 | |
CH Robinson Worldwide Inc. | 16,837 | 1,247 |
Shares | Market Value• ($000) | ||
* | Affirm Holdings Inc. | 32,780 | 1,230 |
Woodward Inc. | 8,659 | 1,225 | |
Robert Half Inc. | 15,037 | 1,209 | |
MKS Instruments Inc. | 9,723 | 1,194 | |
Crown Holdings Inc. | 15,541 | 1,191 | |
* | Middleby Corp. | 7,818 | 1,190 |
Graphic Packaging Holding Co. | 44,605 | 1,157 | |
* | Core & Main Inc. Class A | 23,787 | 1,135 |
Acuity Brands Inc. | 4,496 | 1,130 | |
* | Axalta Coating Systems Ltd. | 32,431 | 1,061 |
Oshkosh Corp. | 9,523 | 1,056 | |
* | Paylocity Holding Corp. | 6,152 | 1,037 |
* | FTI Consulting Inc. | 4,876 | 1,009 |
AGCO Corp. | 9,187 | 1,008 | |
* | Generac Holdings Inc. | 8,919 | 1,003 |
Berry Global Group Inc. | 17,203 | 1,001 | |
Cognex Corp. | 25,327 | 999 | |
MSA Safety Inc. | 5,422 | 998 | |
Landstar System Inc. | 5,231 | 995 | |
Allison Transmission Holdings Inc. | 13,038 | 982 | |
Vontier Corp. | 22,829 | 982 | |
WESCO International Inc. | 6,485 | 969 | |
* | Bill Holdings Inc. | 14,855 | 941 |
* | Mohawk Industries Inc. | 7,764 | 921 |
* | AZEK Co. Inc. | 19,011 | 915 |
* | GXO Logistics Inc. | 17,131 | 887 |
Brunswick Corp. | 10,116 | 884 | |
Genpact Ltd. | 25,743 | 875 | |
Crane Co. | 7,003 | 851 | |
Littelfuse Inc. | 3,549 | 845 | |
Flowserve Corp. | 19,253 | 815 | |
Sonoco Products Co. | 14,306 | 811 | |
Esab Corp. | 8,128 | 806 | |
Armstrong World Industries Inc. | 6,337 | 764 | |
* | Euronet Worldwide Inc. | 6,950 | 761 |
Sensata Technologies Holding plc | 21,829 | 751 | |
* | Kirby Corp. | 8,437 | 740 |
Ryder System Inc. | 6,355 | 725 | |
Sealed Air Corp. | 20,734 | 723 | |
Western Union Co. | 52,871 | 709 | |
Louisiana-Pacific Corp. | 9,454 | 699 | |
MSC Industrial Direct Co. Inc. Class A | 6,826 | 689 | |
* | MasTec Inc. | 9,130 | 689 |
MDU Resources Group Inc. | 29,538 | 640 | |
* | Shift4 Payments Inc. Class A | 7,772 | 639 |
Valmont Industries Inc. | 2,994 | 635 | |
Air Lease Corp. | 15,231 | 611 | |
ManpowerGroup Inc. | 7,257 | 524 | |
Silgan Holdings Inc. | 11,891 | 522 | |
* | Spirit AeroSystems Holdings Inc. Class A | 15,511 | 444 |
Crane NXT Co. | 7,144 | 417 | |
Vestis Corp. | 17,029 | 319 | |
* | Hayward Holdings Inc. | 19,797 | 293 |
* | Mercury Systems Inc. | 7,815 | 233 |
* | Gates Industrial Corp. plc | 15,632 | 230 |
ADT Inc. | 30,186 | 219 | |
* | NCR Atleos Corp. | 9,485 | 206 |
Shares | Market Value• ($000) | ||
Schneider National Inc. Class B | 7,454 | 176 | |
Ardagh Metal Packaging SA | 21,745 | 71 | |
* | Ardagh Group SA | 2,011 | 15 |
873,359 | |||
Real Estate (2.6%) | |||
Prologis Inc. | 134,536 | 17,930 | |
American Tower Corp. | 67,896 | 13,502 | |
Equinix Inc. | 13,620 | 12,106 | |
Welltower Inc. | 78,235 | 7,210 | |
Simon Property Group Inc. | 47,283 | 7,004 | |
Crown Castle Inc. | 63,074 | 6,934 | |
Public Storage | 22,841 | 6,484 | |
Digital Realty Trust Inc. | 44,016 | 6,462 | |
Realty Income Corp. | 121,063 | 6,309 | |
* | CoStar Group Inc. | 59,017 | 5,136 |
VICI Properties Inc. | 150,647 | 4,509 | |
Extra Space Storage Inc. | 30,481 | 4,297 | |
* | CBRE Group Inc. Class A | 44,349 | 4,075 |
Weyerhaeuser Co. | 106,505 | 3,662 | |
AvalonBay Communities Inc. | 20,647 | 3,655 | |
Iron Mountain Inc. | 42,063 | 3,308 | |
SBA Communications Corp. | 15,684 | 3,282 | |
Equity Residential | 54,230 | 3,265 | |
Alexandria Real Estate Equities Inc. | 25,063 | 3,126 | |
Invitation Homes Inc. | 88,785 | 3,025 | |
Ventas Inc. | 58,046 | 2,455 | |
Sun Communities Inc. | 17,966 | 2,403 | |
Essex Property Trust Inc. | 9,336 | 2,160 | |
Host Hotels & Resorts Inc. | 103,141 | 2,139 | |
Mid-America Apartment Communities Inc. | 16,841 | 2,117 | |
Kimco Realty Corp. | 95,592 | 1,889 | |
American Homes 4 Rent Class A | 48,571 | 1,798 | |
WP Carey Inc. | 30,971 | 1,745 | |
Equity LifeStyle Properties Inc. | 25,896 | 1,743 | |
UDR Inc. | 47,999 | 1,704 | |
Gaming and Leisure Properties Inc. | 37,129 | 1,689 | |
Regency Centers Corp. | 26,436 | 1,638 | |
Rexford Industrial Realty Inc. | 30,609 | 1,557 | |
Healthpeak Properties Inc. | 92,564 | 1,550 | |
Boston Properties Inc. | 22,734 | 1,471 | |
Camden Property Trust | 15,209 | 1,437 | |
CubeSmart | 32,657 | 1,424 | |
Lamar Advertising Co. Class A | 12,570 | 1,390 | |
* | Jones Lang LaSalle Inc. | 6,840 | 1,301 |
* | Zillow Group Inc. Class C | 21,683 | 1,217 |
Federal Realty Investment Trust | 11,850 | 1,195 | |
EastGroup Properties Inc. | 6,639 | 1,166 | |
Omega Healthcare Investors Inc. | 35,533 | 1,106 | |
NNN REIT Inc. | 26,471 | 1,077 | |
First Industrial Realty Trust Inc. | 19,291 | 1,022 | |
Americold Realty Trust Inc. | 39,571 | 1,001 | |
Brixmor Property Group Inc. | 43,857 | 992 |
Shares | Market Value• ($000) | ||
STAG Industrial Inc. | 26,458 | 983 | |
Agree Realty Corp. | 14,372 | 790 | |
Healthcare Realty Trust Inc. | 55,689 | 767 | |
Rayonier Inc. | 21,569 | 743 | |
Vornado Realty Trust | 25,920 | 682 | |
Apartment Income REIT Corp. | 21,851 | 662 | |
Kilroy Realty Corp. | 16,829 | 638 | |
Park Hotels & Resorts Inc. | 31,055 | 515 | |
Cousins Properties Inc. | 22,122 | 505 | |
* | Zillow Group Inc. Class A | 8,805 | 476 |
EPR Properties | 10,821 | 444 | |
National Storage Affiliates Trust | 11,952 | 428 | |
1 | Medical Properties Trust Inc. | 87,408 | 368 |
* | Howard Hughes Holdings Inc. | 4,777 | 365 |
Highwoods Properties Inc. | 14,689 | 359 | |
NET Lease Office Properties | 2,073 | 51 | |
176,443 | |||
Technology (33.0%) | |||
Microsoft Corp. | 1,085,419 | 448,973 | |
Apple Inc. | 2,150,878 | 388,771 | |
NVIDIA Corp. | 346,546 | 274,159 | |
Meta Platforms Inc. Class A | 322,582 | 158,107 | |
* | Alphabet Inc. Class A | 864,713 | 119,728 |
* | Alphabet Inc. Class C | 734,050 | 102,605 |
Broadcom Inc. | 62,871 | 81,763 | |
* | Advanced Micro Devices Inc. | 233,769 | 45,008 |
* | Salesforce Inc. | 138,042 | 42,630 |
* | Adobe Inc. | 66,830 | 37,444 |
Intel Corp. | 615,395 | 26,493 | |
Intuit Inc. | 39,846 | 26,414 | |
QUALCOMM Inc. | 162,722 | 25,676 | |
Oracle Corp. | 224,981 | 25,126 | |
Applied Materials Inc. | 121,878 | 24,573 | |
International Business Machines Corp. | 132,521 | 24,520 | |
* | ServiceNow Inc. | 29,690 | 22,901 |
Texas Instruments Inc. | 132,417 | 22,157 | |
Lam Research Corp. | 19,197 | 18,012 | |
Micron Technology Inc. | 159,394 | 14,443 | |
Analog Devices Inc. | 72,662 | 13,938 | |
KLA Corp. | 20,010 | 13,653 | |
* | Palo Alto Networks Inc. | 43,946 | 13,647 |
* | Synopsys Inc. | 22,156 | 12,712 |
* | Cadence Design Systems Inc. | 39,420 | 11,999 |
* | Crowdstrike Holdings Inc. Class A | 31,102 | 10,082 |
Amphenol Corp. Class A | 85,058 | 9,292 | |
Marvell Technology Inc. | 124,724 | 8,938 | |
* | Snowflake Inc. Class A | 45,831 | 8,629 |
* | Workday Inc. Class A | 29,259 | 8,621 |
Roper Technologies Inc. | 15,423 | 8,401 | |
* | Autodesk Inc. | 31,365 | 8,097 |
* | Palantir Technologies Inc. Class A | 277,578 | 6,962 |
Microchip Technology Inc. | 78,496 | 6,605 | |
* | Fortinet Inc. | 95,546 | 6,603 |
Cognizant Technology Solutions Corp. Class A | 74,182 | 5,862 | |
* | DoorDash Inc. Class A | 44,586 | 5,554 |
Shares | Market Value• ($000) | ||
* | Datadog Inc. Class A | 39,893 | 5,244 |
* | Gartner Inc. | 11,159 | 5,195 |
* | ON Semiconductor Corp. | 62,716 | 4,950 |
CDW Corp. | 19,687 | 4,847 | |
Monolithic Power Systems Inc. | 6,705 | 4,828 | |
* | Atlassian Corp. Ltd. Class A | 22,586 | 4,685 |
* | MongoDB Inc. | 9,746 | 4,362 |
* | ANSYS Inc. | 12,637 | 4,223 |
* | Cloudflare Inc. Class A | 42,356 | 4,174 |
* | HubSpot Inc. | 6,653 | 4,117 |
Corning Inc. | 110,712 | 3,569 | |
HP Inc. | 125,941 | 3,568 | |
* | Splunk Inc. | 22,657 | 3,539 |
Vertiv Holdings Co. Class A | 50,179 | 3,393 | |
* | Pinterest Inc. Class A | 85,287 | 3,130 |
* | Zscaler Inc. | 12,895 | 3,120 |
* | PTC Inc. | 16,651 | 3,047 |
Entegris Inc. | 21,818 | 2,931 | |
Hewlett Packard Enterprise Co. | 186,642 | 2,843 | |
* | Western Digital Corp. | 47,234 | 2,809 |
NetApp Inc. | 30,795 | 2,744 | |
* | Tyler Technologies Inc. | 6,079 | 2,657 |
* | Zoom Video Communications Inc. Class A | 37,064 | 2,622 |
Jabil Inc. | 18,163 | 2,617 | |
Leidos Holdings Inc. | 19,909 | 2,546 | |
* | VeriSign Inc. | 12,949 | 2,529 |
* | EPAM Systems Inc. | 8,110 | 2,469 |
* | GoDaddy Inc. Class A | 21,390 | 2,442 |
Skyworks Solutions Inc. | 23,091 | 2,423 | |
* | Akamai Technologies Inc. | 21,765 | 2,414 |
* | Okta Inc. | 22,277 | 2,390 |
Teradyne Inc. | 22,365 | 2,317 | |
* | Manhattan Associates Inc. | 9,012 | 2,283 |
* | Nutanix Inc. Class A | 35,369 | 2,234 |
* | Pure Storage Inc. Class A | 41,463 | 2,183 |
SS&C Technologies Holdings Inc. | 31,762 | 2,025 | |
* | AppLovin Corp. Class A | 30,774 | 1,838 |
* | Dynatrace Inc. | 34,911 | 1,730 |
Gen Digital Inc. (XNGS) | 80,254 | 1,725 | |
* | Qorvo Inc. | 14,343 | 1,643 |
* | F5 Inc. | 8,650 | 1,619 |
* | DocuSign Inc. | 29,289 | 1,560 |
Amdocs Ltd. | 17,090 | 1,559 | |
* | Elastic NV | 11,612 | 1,554 |
* | Lattice Semiconductor Corp. | 19,701 | 1,509 |
* | Ceridian HCM Holding Inc. | 21,462 | 1,497 |
* | Match Group Inc. | 40,871 | 1,473 |
* | Twilio Inc. Class A | 24,593 | 1,465 |
Bentley Systems Inc. Class B | 28,217 | 1,449 | |
* | Guidewire Software Inc. | 11,825 | 1,411 |
Paycom Software Inc. | 7,517 | 1,371 | |
* | Globant SA | 6,025 | 1,345 |
* | UiPath Inc. Class A | 55,116 | 1,309 |
* | Unity Software Inc. | 42,422 | 1,244 |
* | CACI International Inc. Class A | 3,210 | 1,203 |
* | Toast Inc. Class A | 52,012 | 1,196 |
Universal Display Corp. | 6,757 | 1,179 | |
KBR Inc. | 19,449 | 1,168 |
Shares | Market Value• ($000) | ||
* | Coherent Corp. | 18,910 | 1,125 |
Science Applications International Corp. | 7,664 | 1,073 | |
* | SentinelOne Inc. Class A | 34,256 | 965 |
* | Arrow Electronics Inc. | 8,065 | 948 |
* | Confluent Inc. Class A | 27,176 | 920 |
* | Gitlab Inc. Class A | 12,660 | 913 |
* | Procore Technologies Inc. | 11,607 | 906 |
* | Dropbox Inc. Class A | 37,316 | 894 |
TD SYNNEX Corp. | 8,186 | 851 | |
* | Smartsheet Inc. Class A | 18,397 | 777 |
* | Aspen Technology Inc. | 3,988 | 773 |
* | Cirrus Logic Inc. | 8,153 | 749 |
* | ZoomInfo Technologies Inc. | 43,820 | 734 |
* | Kyndryl Holdings Inc. | 32,815 | 721 |
Dolby Laboratories Inc. Class A | 8,704 | 705 | |
* | DXC Technology Co. | 29,858 | 653 |
* | Five9 Inc. | 10,446 | 637 |
Avnet Inc. | 13,317 | 620 | |
* | DoubleVerify Holdings Inc. | 20,050 | 619 |
* | IAC Inc. | 10,860 | 617 |
*,1 | GLOBALFOUNDRIES Inc. | 11,247 | 615 |
* | Teradata Corp. | 14,231 | 535 |
*,1 | Clarivate plc | 69,559 | 499 |
* | Wolfspeed Inc. | 18,178 | 473 |
Concentrix Corp. | 6,452 | 467 | |
* | Alteryx Inc. Class A | 9,066 | 436 |
Dun & Bradstreet Holdings Inc. | 39,595 | 417 | |
* | RingCentral Inc. Class A | 12,419 | 415 |
Pegasystems Inc. | 5,951 | 387 | |
* | HashiCorp Inc. Class A | 14,469 | 377 |
* | IPG Photonics Corp. | 4,277 | 369 |
* | CCC Intelligent Solutions Holdings Inc. | 29,254 | 343 |
* | Allegro MicroSystems Inc. | 10,859 | 342 |
* | nCino Inc. | 10,230 | 305 |
* | NCR Voyix Corp. | 18,971 | 277 |
* | Paycor HCM Inc. | 9,404 | 199 |
* | Informatica Inc. Class A | 5,936 | 193 |
* | Maplebear Inc. | 3,035 | 99 |
2,261,562 | |||
Telecommunications (2.0%) | |||
Cisco Systems Inc. | 591,389 | 28,605 | |
Comcast Corp. Class A | 582,295 | 24,951 | |
Verizon Communications Inc. | 613,776 | 24,563 | |
AT&T Inc. | 1,044,247 | 17,679 | |
T-Mobile US Inc. | 76,378 | 12,473 | |
* | Arista Networks Inc. | 36,564 | 10,148 |
Motorola Solutions Inc. | 24,091 | 7,959 | |
* | Charter Communications Inc. Class A | 14,679 | 4,315 |
Juniper Networks Inc. | 46,026 | 1,704 | |
* | Ciena Corp. | 21,770 | 1,240 |
* | Roku Inc. | 17,882 | 1,130 |
* | Liberty Broadband Corp. Class C | 17,102 | 1,029 |
* | Frontier Communications Parent Inc. | 35,463 | 840 |
Iridium Communications Inc. | 17,768 | 514 | |
* | Lumentum Holdings Inc. | 9,754 | 473 |
Cable One Inc. | 815 | 372 | |
* | ViaSat Inc. | 16,690 | 327 |
Shares | Market Value• ($000) | ||
* | Liberty Broadband Corp. Class A | 2,356 | 142 |
Ubiquiti Inc. | 621 | 73 | |
* | EchoStar Corp. Class A | 11 | — |
*,2 | GCI Liberty Inc. | 11,885 | — |
138,537 | |||
Utilities (2.3%) | |||
NextEra Energy Inc. | 295,238 | 16,294 | |
Waste Management Inc. | 59,320 | 12,199 | |
Southern Co. | 158,874 | 10,684 | |
Duke Energy Corp. | 112,368 | 10,319 | |
Constellation Energy Corp. | 46,892 | 7,899 | |
Sempra | 91,822 | 6,483 | |
American Electric Power Co. Inc. | 74,989 | 6,388 | |
Dominion Energy Inc. | 121,679 | 5,820 | |
Republic Services Inc. | 30,068 | 5,520 | |
Exelon Corp. | 144,735 | 5,187 | |
PG&E Corp. | 296,879 | 4,955 | |
Public Service Enterprise Group Inc. | 72,508 | 4,525 | |
Consolidated Edison Inc. | 50,503 | 4,404 | |
Xcel Energy Inc. | 80,271 | 4,229 | |
Edison International | 55,060 | 3,745 | |
WEC Energy Group Inc. | 45,878 | 3,601 | |
American Water Works Co. Inc. | 28,333 | 3,359 | |
DTE Energy Co. | 29,962 | 3,246 | |
Entergy Corp. | 30,906 | 3,139 | |
Eversource Energy | 50,886 | 2,987 | |
FirstEnergy Corp. | 79,586 | 2,914 | |
Vistra Corp. | 53,186 | 2,901 | |
PPL Corp. | 107,854 | 2,844 | |
Ameren Corp. | 38,286 | 2,726 | |
CenterPoint Energy Inc. | 92,216 | 2,536 | |
Atmos Energy Corp. | 21,575 | 2,436 | |
CMS Energy Corp. | 42,463 | 2,436 | |
NRG Energy Inc. | 33,115 | 1,832 | |
Alliant Energy Corp. | 36,796 | 1,757 | |
Evergy Inc. | 32,528 | 1,611 | |
NiSource Inc. | 60,518 | 1,577 | |
AES Corp. | 96,767 | 1,471 | |
* | Clean Harbors Inc. | 7,421 | 1,351 |
Essential Utilities Inc. | 35,573 | 1,237 |
Shares | Market Value• ($000) | ||
Pinnacle West Capital Corp. | 16,578 | 1,133 | |
OGE Energy Corp. | 29,256 | 963 | |
UGI Corp. | 30,757 | 753 | |
* | Stericycle Inc. | 13,205 | 718 |
IDACORP Inc. | 7,398 | 652 | |
National Fuel Gas Co. | 13,008 | 634 | |
1 | Brookfield Renewable Corp. Class A | 19,729 | 468 |
* | Sunrun Inc. | 30,107 | 363 |
Clearway Energy Inc. Class C | 16,133 | 352 | |
Avangrid Inc. | 10,007 | 312 | |
Hawaiian Electric Industries Inc. | 16,139 | 197 | |
Clearway Energy Inc. Class A | 172 | 3 | |
161,160 | |||
Total Common Stocks (Cost $4,539,402) | 6,827,630 | ||
Temporary Cash Investments (0.4%) | |||
Money Market Fund (0.4%) | |||
3,4 | Vanguard Market Liquidity Fund, 5.400% (Cost $24,956) | 249,603 | 24,958 |
Total Investments (99.9%) (Cost $4,564,358) | 6,852,588 | ||
Other Assets and Liabilities—Net (0.1%) | 7,953 | ||
Net Assets (100%) | 6,860,541 | ||
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 $2,325,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
4 | Collateral of $2,513,000 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 2024 | 128 | 32,664 | 1,312 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $4,539,402) | 6,827,630 |
Affiliated Issuers (Cost $24,956) | 24,958 |
Total Investments in Securities | 6,852,588 |
Investment in Vanguard | 203 |
Cash | 551 |
Cash Collateral Pledged—Futures Contracts | 1,460 |
Receivables for Investment Securities Sold | 20 |
Receivables for Accrued Income | 9,176 |
Receivables for Capital Shares Issued | 1 |
Variation Margin Receivable—Futures Contracts | 116 |
Total Assets | 6,864,115 |
Liabilities | |
Payables for Investment Securities Purchased | 833 |
Collateral for Securities on Loan | 2,513 |
Payables for Capital Shares Redeemed | 29 |
Payables to Vanguard | 199 |
Total Liabilities | 3,574 |
Net Assets | 6,860,541 |
1 Includes $2,325,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 4,782,086 |
Total Distributable Earnings (Loss) | 2,078,455 |
Net Assets | 6,860,541 |
ETF Shares—Net Assets | |
Applicable to 19,800,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 4,588,259 |
Net Asset Value Per Share—ETF Shares | $231.73 |
Institutional Shares—Net Assets | |
Applicable to 5,061,600 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,272,282 |
Net Asset Value Per Share—Institutional Shares | $448.93 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 45,966 |
Interest2 | 342 |
Securities Lending—Net | 236 |
Total Income | 46,544 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 66 |
Management and Administrative—ETF Shares | 1,345 |
Management and Administrative—Institutional Shares | 627 |
Marketing and Distribution—ETF Shares | 107 |
Marketing and Distribution—Institutional Shares | 36 |
Custodian Fees | 84 |
Shareholders’ Reports—ETF Shares | 36 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 2 |
Other Expenses | 9 |
Total Expenses | 2,313 |
Expenses Paid Indirectly | (2) |
Net Expenses | 2,311 |
Net Investment Income | 44,233 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 49,978 |
Futures Contracts | 1,115 |
Realized Net Gain (Loss) | 51,093 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 743,000 |
Futures Contracts | 1,417 |
Change in Unrealized Appreciation (Depreciation) | 744,417 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 839,743 |
1 | Dividends are net of foreign withholding taxes of $8,000. |
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 $322,000, less than $1,000, less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $45,229,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 44,233 | 86,605 | |
Realized Net Gain (Loss) | 51,093 | 516,997 | |
Change in Unrealized Appreciation (Depreciation) | 744,417 | 226,623 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 839,743 | 830,225 | |
Distributions | |||
ETF Shares | (31,842) | (52,340) | |
Institutional Shares | (16,459) | (31,653) | |
Total Distributions | (48,301) | (83,993) | |
Capital Share Transactions | |||
ETF Shares | 274,476 | 562,506 | |
Institutional Shares | (18,826) | (389,779) | |
Net Increase (Decrease) from Capital Share Transactions | 255,650 | 172,727 | |
Total Increase (Decrease) | 1,047,092 | 918,959 | |
Net Assets | |||
Beginning of Period | 5,813,449 | 4,894,490 | |
End of Period | 6,860,541 | 5,813,449 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $204.87 | $180.47 | $210.32 | $161.36 | $134.37 | $133.57 |
Investment Operations | ||||||
Net Investment Income1 | 1.524 | 2.956 | 2.757 | 2.459 | 2.525 | 2.395 |
Net Realized and Unrealized Gain (Loss) on Investments | 27.003 | 24.306 | (29.909) | 48.925 | 27.028 | .759 |
Total from Investment Operations | 28.527 | 27.262 | (27.152) | 51.384 | 29.553 | 3.154 |
Distributions | ||||||
Dividends from Net Investment Income | (1.667) | (2.862) | (2.698) | (2.424) | (2.563) | (2.354) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.667) | (2.862) | (2.698) | (2.424) | (2.563) | (2.354) |
Net Asset Value, End of Period | $231.73 | $204.87 | $180.47 | $210.32 | $161.36 | $134.37 |
Total Return | 14.02% | 15.34% | -13.02% | 32.14% | 22.39% | 2.45% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $4,588 | $3,785 | $2,721 | $2,682 | $1,678 | $1,196 |
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 | 1.43% | 1.59% | 1.39% | 1.34% | 1.79% | 1.85% |
Portfolio Turnover Rate3 | 1% | 8% | 10% | 6% | 9% | 6% |
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. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $396.88 | $349.62 | $407.44 | $312.59 | $260.26 | $258.75 |
Investment Operations | ||||||
Net Investment Income1 | 2.959 | 5.737 | 5.354 | 4.807 | 4.927 | 4.645 |
Net Realized and Unrealized Gain (Loss) on Investments | 52.337 | 47.099 | (57.922) | 94.766 | 52.362 | 1.483 |
Total from Investment Operations | 55.296 | 52.836 | (52.568) | 99.573 | 57.289 | 6.128 |
Distributions | ||||||
Dividends from Net Investment Income | (3.246) | (5.576) | (5.252) | (4.723) | (4.959) | (4.618) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (3.246) | (5.576) | (5.252) | (4.723) | (4.959) | (4.618) |
Net Asset Value, End of Period | $448.93 | $396.88 | $349.62 | $407.44 | $312.59 | $260.26 |
Total Return | 14.03% | 15.35% | -13.01% | 32.16% | 22.45% | 2.45% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,272 | $2,029 | $2,174 | $2,822 | $2,523 | $2,323 |
Ratio of Total Expenses to Average Net Assets | 0.07%2 | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 1.44% | 1.60% | 1.39% | 1.36% | 1.81% | 1.86% |
Portfolio Turnover Rate3 | 1% | 8% | 10% | 6% | 9% | 6% |
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 0.07%. |
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 29, 2024, custodian fee offset arrangements reduced the fund’s expenses by $2,000 (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 | 6,827,615 | 15 | — | 6,827,630 |
Temporary Cash Investments | 24,958 | — | — | 24,958 |
Total | 6,852,573 | 15 | — | 6,852,588 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 1,312 | — | — | 1,312 |
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 29, 2024, 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 | 4,598,242 |
Gross Unrealized Appreciation | 2,492,123 |
Gross Unrealized Depreciation | (236,465) |
Net Unrealized Appreciation (Depreciation) | 2,255,658 |
F. | During the six months ended February 29, 2024, the fund purchased $56,276,000 of investment securities and sold $86,353,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $345,244,000 and $76,125,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 350,887 | 1,675 | 1,669,809 | 9,325 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (76,411) | (350) | (1,107,303) | (5,925) | |
Net Increase (Decrease)—ETF Shares | 274,476 | 1,325 | 562,506 | 3,400 | |
Institutional Shares | |||||
Issued | 59,113 | 148 | 419,440 | 1,152 | |
Issued in Lieu of Cash Distributions | 14,560 | 36 | 28,506 | 82 | |
Redeemed | (92,499) | (233) | (837,725) | (2,341) | |
Net Increase (Decrease)—Institutional Shares | (18,826) | (49) | (389,779) | (1,107) |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Basic Materials | 3.4% |
Consumer Discretionary | 8.8 |
Consumer Staples | 7.1 |
Energy | 7.7 |
Financials | 20.8 |
Health Care | 14.0 |
Industrials | 16.4 |
Real Estate | 4.7 |
Technology | 8.4 |
Telecommunications | 3.8 |
Utilities | 4.9 |
Shares | Market Value• ($000) | ||
Common Stocks (99.8%) | |||
Basic Materials (3.5%) | |||
Linde plc | 198,911 | 89,275 | |
Freeport-McMoRan Inc. | 647,960 | 24,499 | |
Air Products and Chemicals Inc. | 100,585 | 23,541 | |
Nucor Corp. | 112,623 | 21,657 | |
Dow Inc. | 321,291 | 17,954 | |
Newmont Corp. (XNYS) | 521,859 | 16,308 | |
LyondellBasell Industries NV Class A | 117,433 | 11,776 | |
Steel Dynamics Inc. | 70,543 | 9,440 | |
International Flavors & Fragrances Inc. | 115,464 | 8,717 | |
Reliance Steel & Aluminum Co. | 26,067 | 8,373 | |
Albemarle Corp. | 52,955 | 7,300 | |
CF Industries Holdings Inc. | 87,016 | 7,024 | |
Celanese Corp. | 44,699 | 6,793 | |
Ecolab Inc. | 24,987 | 5,618 | |
International Paper Co. | 156,530 | 5,535 | |
Avery Dennison Corp. | 24,500 | 5,305 | |
Fastenal Co. | 64,939 | 4,741 | |
United States Steel Corp. | 99,872 | 4,728 | |
Eastman Chemical Co. | 53,627 | 4,705 | |
* | Cleveland-Cliffs Inc. | 225,002 | 4,680 |
Mosaic Co. | 149,622 | 4,662 | |
* | RBC Bearings Inc. | 12,754 | 3,480 |
Royal Gold Inc. | 29,656 | 3,044 | |
Olin Corp. | 55,587 | 2,991 | |
Hexcel Corp. | 38,043 | 2,833 | |
FMC Corp. | 48,017 | 2,708 | |
Element Solutions Inc. | 100,777 | 2,368 | |
Timken Co. | 27,722 | 2,328 | |
Alcoa Corp. | 80,358 | 2,187 | |
Westlake Corp. | 14,610 | 2,027 | |
Ashland Inc. | 21,311 | 1,996 | |
* | Valvoline Inc. | 46,412 | 1,979 |
Huntsman Corp. | 76,242 | 1,952 | |
NewMarket Corp. | 2,798 | 1,795 | |
Chemours Co. | 66,778 | 1,313 | |
* | MP Materials Corp. | 47,355 | 720 |
SSR Mining Inc. (XTSE) | 92,056 | 396 | |
326,748 | |||
Consumer Discretionary (8.8%) | |||
Walmart Inc. | 1,939,106 | 113,651 | |
Walt Disney Co. | 828,616 | 92,457 | |
McDonald's Corp. | 193,992 | 56,700 |
Shares | Market Value• ($000) | ||
NIKE Inc. Class B | 251,834 | 26,173 | |
General Motors Co. | 621,980 | 25,489 | |
Ford Motor Co. | 1,778,006 | 22,118 | |
DR Horton Inc. | 141,184 | 21,099 | |
Lennar Corp. Class A | 112,767 | 17,875 | |
Electronic Arts Inc. | 122,716 | 17,116 | |
Lowe's Cos. Inc. | 69,774 | 16,793 | |
* | Dollar Tree Inc. | 94,658 | 13,884 |
Hilton Worldwide Holdings Inc. | 61,105 | 12,485 | |
Delta Air Lines Inc. | 275,395 | 11,641 | |
* | Take-Two Interactive Software Inc. | 74,569 | 10,956 |
eBay Inc. | 227,690 | 10,765 | |
Estee Lauder Cos. Inc. Class A | 71,558 | 10,632 | |
PulteGroup Inc. | 96,989 | 10,512 | |
* | Aptiv plc | 122,363 | 9,727 |
Garmin Ltd. | 69,475 | 9,542 | |
Genuine Parts Co. | 63,420 | 9,466 | |
* | NVR Inc. | 1,224 | 9,334 |
Southwest Airlines Co. | 270,193 | 9,260 | |
* | Royal Caribbean Cruises Ltd. | 74,001 | 9,128 |
* | Warner Bros Discovery Inc. | 996,419 | 8,759 |
Omnicom Group Inc. | 89,758 | 7,934 | |
* | Carnival Corp. | 449,468 | 7,129 |
* | United Airlines Holdings Inc. | 147,712 | 6,719 |
* | Liberty Media Corp.-Liberty Formula One Class C | 90,957 | 6,618 |
LKQ Corp. | 120,448 | 6,298 | |
Best Buy Co. Inc. | 76,706 | 6,204 | |
Williams-Sonoma Inc. | 25,110 | 5,914 | |
Toll Brothers Inc. | 48,378 | 5,546 | |
* | MGM Resorts International | 127,661 | 5,525 |
Interpublic Group of Cos. Inc. | 174,325 | 5,474 | |
* | CarMax Inc. | 67,430 | 5,327 |
* | Live Nation Entertainment Inc. | 54,762 | 5,311 |
Darden Restaurants Inc. | 29,059 | 4,961 | |
News Corp. Class A | 179,461 | 4,824 | |
Bath & Body Works Inc. | 103,732 | 4,741 | |
Wynn Resorts Ltd. | 44,000 | 4,629 | |
Tapestry Inc. | 96,890 | 4,605 | |
Dick's Sporting Goods Inc. | 25,156 | 4,475 | |
* | O'Reilly Automotive Inc. | 4,038 | 4,391 |
* | AutoZone Inc. | 1,305 | 3,923 |
Gentex Corp. | 105,847 | 3,867 |
Shares | Market Value• ($000) | ||
PVH Corp. | 27,178 | 3,714 | |
Fox Corp. Class A | 122,361 | 3,645 | |
Lithia Motors Inc. | 12,178 | 3,642 | |
Lear Corp. | 26,153 | 3,592 | |
Vail Resorts Inc. | 15,375 | 3,541 | |
* | Skechers USA Inc. Class A | 56,111 | 3,468 |
* | Rivian Automotive Inc. Class A | 299,638 | 3,392 |
Ralph Lauren Corp. | 18,053 | 3,356 | |
BorgWarner Inc. (XNYS) | 105,805 | 3,294 | |
Tempur Sealy International Inc. | 60,115 | 3,274 | |
New York Times Co. Class A | 73,114 | 3,238 | |
Aramark | 105,498 | 3,200 | |
* | Mattel Inc. | 161,391 | 3,179 |
Service Corp. International | 42,131 | 3,084 | |
Hyatt Hotels Corp. Class A | 19,997 | 3,071 | |
Thor Industries Inc. | 23,236 | 2,978 | |
Hasbro Inc. | 59,189 | 2,977 | |
Paramount Global Class B | 265,390 | 2,930 | |
* | American Airlines Group Inc. | 184,518 | 2,893 |
* | BJ's Wholesale Club Holdings Inc. | 39,490 | 2,884 |
* | Norwegian Cruise Line Holdings Ltd. | 145,070 | 2,813 |
Wyndham Hotels & Resorts Inc. | 34,260 | 2,623 | |
* | Bright Horizons Family Solutions Inc. | 22,771 | 2,615 |
Whirlpool Corp. | 24,086 | 2,587 | |
VF Corp. | 158,043 | 2,582 | |
* | Caesars Entertainment Inc. | 55,071 | 2,394 |
* | Capri Holdings Ltd. | 51,154 | 2,360 |
* | SiteOne Landscape Supply Inc. | 13,607 | 2,293 |
* | Expedia Group Inc. | 16,568 | 2,267 |
* | Liberty Media Corp.-Liberty SiriusXM Class C | 75,937 | 2,201 |
Boyd Gaming Corp. | 32,770 | 2,167 | |
* | Coty Inc. Class A | 170,934 | 2,147 |
Macy's Inc. | 122,293 | 2,133 | |
Yum! Brands Inc. | 15,403 | 2,132 | |
* | Alaska Air Group Inc. | 56,955 | 2,130 |
Harley-Davidson Inc. | 58,294 | 2,114 | |
Polaris Inc. | 22,194 | 2,058 | |
* | AutoNation Inc. | 12,876 | 1,929 |
Advance Auto Parts Inc. | 26,885 | 1,816 | |
U-Haul Holding Co. | 28,002 | 1,780 | |
* | Etsy Inc. | 24,315 | 1,743 |
*,1 | GameStop Corp. Class A | 121,102 | 1,728 |
Gap Inc. | 88,438 | 1,675 | |
Nexstar Media Group Inc. | 9,942 | 1,652 | |
* | RH | 5,902 | 1,620 |
* | Madison Square Garden Sports Corp. | 8,403 | 1,581 |
Ross Stores Inc. | 10,223 | 1,523 | |
Marriott Vacations Worldwide Corp. | 16,215 | 1,511 | |
* | Ollie's Bargain Outlet Holdings Inc. | 18,845 | 1,511 |
RB Global Inc. (XTSE) | 19,250 | 1,461 | |
* | Wayfair Inc. Class A | 24,065 | 1,434 |
Kohl's Corp. | 49,537 | 1,381 | |
Penske Automotive Group Inc. | 8,867 | 1,361 | |
Fox Corp. Class B | 48,732 | 1,334 |
Shares | Market Value• ($000) | ||
Carter's Inc. | 16,247 | 1,315 | |
* | Grand Canyon Education Inc. | 9,745 | 1,314 |
Columbia Sportswear Co. | 15,822 | 1,308 | |
Newell Brands Inc. | 173,574 | 1,302 | |
* | TripAdvisor Inc. | 48,438 | 1,299 |
News Corp. Class B | 45,437 | 1,272 | |
* | Penn Entertainment Inc. | 67,990 | 1,244 |
* | Planet Fitness Inc. Class A | 19,983 | 1,240 |
Leggett & Platt Inc. | 60,495 | 1,235 | |
H&R Block Inc. | 23,278 | 1,139 | |
* | Liberty Media Corp.-Liberty SiriusXM Class A | 38,393 | 1,119 |
*,1 | Lucid Group Inc. | 336,434 | 1,110 |
Nordstrom Inc. | 51,962 | 1,090 | |
* | Under Armour Inc. Class A | 115,668 | 1,036 |
*,1 | QuantumScape Corp. | 153,467 | 962 |
1 | Sirius XM Holdings Inc. | 195,849 | 866 |
* | Liberty Media Corp.-Liberty Live Class C | 21,732 | 865 |
Travel & Leisure Co. | 17,139 | 766 | |
Phinia Inc. | 21,201 | 726 | |
Avis Budget Group Inc. | 5,917 | 639 | |
Las Vegas Sands Corp. | 11,128 | 607 | |
Lennar Corp. Class B | 3,910 | 576 | |
* | Victoria's Secret & Co. | 18,961 | 542 |
* | Under Armour Inc. Class C | 57,998 | 495 |
* | Liberty Media Corp.-Liberty Formula One Class A | 7,322 | 480 |
*,1 | Birkenstock Holding plc | 9,607 | 480 |
* | Hertz Global Holdings Inc. | 58,734 | 461 |
*,1 | AMC Entertainment Holdings Inc. Class A | 89,629 | 387 |
* | Driven Brands Holdings Inc. | 27,445 | 378 |
* | Liberty Media Corp.-Liberty Live Class A | 8,118 | 313 |
* | Mister Car Wash Inc. | 34,410 | 285 |
Murphy USA Inc. | 491 | 205 | |
* | U-Haul Holding Co. (XNYS) | 2,104 | 135 |
* | Petco Health & Wellness Co. Inc. | 40,063 | 104 |
* | Cava Group Inc. | 1,622 | 95 |
Paramount Global Class A | 1,149 | 24 | |
* | Playtika Holding Corp. | 3,034 | 22 |
829,421 | |||
Consumer Staples (7.1%) | |||
Procter & Gamble Co. | 865,776 | 137,606 | |
Philip Morris International Inc. | 703,430 | 63,281 | |
Coca-Cola Co. | 888,369 | 53,320 | |
Mondelez International Inc. Class A | 615,956 | 45,008 | |
CVS Health Corp. | 580,322 | 43,159 | |
Altria Group Inc. | 810,085 | 33,141 | |
Colgate-Palmolive Co. | 371,946 | 32,181 | |
PepsiCo Inc. | 192,822 | 31,881 | |
McKesson Corp. | 38,034 | 19,831 | |
Corteva Inc. | 323,424 | 17,310 | |
General Mills Inc. | 263,468 | 16,909 | |
Constellation Brands Inc. Class A | 65,925 | 16,384 | |
Kroger Co. | 295,753 | 14,672 | |
Keurig Dr Pepper Inc. | 431,080 | 12,894 | |
Archer-Daniels-Midland Co. | 242,096 | 12,858 | |
Kraft Heinz Co. | 363,274 | 12,816 | |
Kenvue Inc. | 518,595 | 9,853 |
Shares | Market Value• ($000) | ||
McCormick & Co. Inc. | 113,590 | 7,822 | |
Walgreens Boots Alliance Inc. | 323,919 | 6,886 | |
Tyson Foods Inc. Class A | 125,580 | 6,811 | |
Kellanova | 117,619 | 6,487 | |
Bunge Global SA | 65,415 | 6,173 | |
Conagra Brands Inc. | 214,999 | 6,037 | |
J M Smucker Co. | 46,386 | 5,574 | |
* | US Foods Holding Corp. | 102,389 | 5,200 |
Molson Coors Beverage Co. Class B | 78,913 | 4,926 | |
Hormel Foods Corp. | 130,744 | 4,618 | |
Casey's General Stores Inc. | 14,445 | 4,398 | |
Campbell Soup Co. | 86,497 | 3,688 | |
Ingredion Inc. | 29,807 | 3,506 | |
Albertsons Cos. Inc. Class A | 172,142 | 3,491 | |
Hershey Co. | 17,458 | 3,281 | |
* | Darling Ingredients Inc. | 71,671 | 3,032 |
* | Performance Food Group Co. | 37,289 | 2,863 |
* | Post Holdings Inc. | 23,305 | 2,427 |
Flowers Foods Inc. | 84,701 | 1,899 | |
* | Freshpet Inc. | 14,236 | 1,609 |
Spectrum Brands Holdings Inc. | 15,876 | 1,277 | |
Church & Dwight Co. Inc. | 11,425 | 1,144 | |
Brown-Forman Corp. Class B | 18,610 | 1,121 | |
* | Grocery Outlet Holding Corp. | 42,976 | 1,108 |
Kimberly-Clark Corp. | 8,967 | 1,087 | |
Reynolds Consumer Products Inc. | 24,331 | 718 | |
* | Pilgrim's Pride Corp. | 18,879 | 601 |
WK Kellogg Co. | 29,561 | 433 | |
Lamb Weston Holdings Inc. | 3,715 | 380 | |
Seaboard Corp. | 97 | 319 | |
Brown-Forman Corp. Class A | 3,019 | 181 | |
* | Olaplex Holdings Inc. | 59,867 | 111 |
* | Boston Beer Co. Inc. Class A | 344 | 106 |
672,418 | |||
Energy (7.7%) | |||
Exxon Mobil Corp. | 1,833,679 | 191,656 | |
Chevron Corp. | 779,416 | 118,479 | |
ConocoPhillips | 542,797 | 61,086 | |
Schlumberger NV | 645,790 | 31,211 | |
EOG Resources Inc. | 266,398 | 30,492 | |
Marathon Petroleum Corp. | 171,951 | 29,099 | |
Phillips 66 | 201,656 | 28,738 | |
Pioneer Natural Resources Co. | 105,495 | 24,811 | |
Valero Energy Corp. | 153,813 | 21,758 | |
Williams Cos. Inc. | 551,533 | 19,822 | |
Occidental Petroleum Corp. | 311,700 | 18,892 | |
ONEOK Inc. | 249,257 | 18,724 | |
Kinder Morgan Inc. | 887,174 | 15,428 | |
Diamondback Energy Inc. | 80,664 | 14,723 | |
Baker Hughes Co. | 458,187 | 13,558 | |
Devon Energy Corp. | 289,873 | 12,772 | |
Halliburton Co. | 324,633 | 11,385 | |
Coterra Energy Inc. | 337,503 | 8,701 | |
Hess Corp. | 55,540 | 8,095 |
Shares | Market Value• ($000) | ||
* | First Solar Inc. | 48,131 | 7,407 |
Marathon Oil Corp. | 273,240 | 6,626 | |
EQT Corp. | 163,009 | 6,056 | |
Chesapeake Energy Corp. | 56,731 | 4,696 | |
TechnipFMC plc | 195,775 | 4,246 | |
HF Sinclair Corp. | 65,476 | 3,634 | |
* | Southwestern Energy Co. | 496,304 | 3,459 |
Range Resources Corp. | 105,869 | 3,348 | |
* | Antero Resources Corp. | 127,916 | 3,287 |
Ovintiv Inc. (XNYS) | 65,653 | 3,244 | |
NOV Inc. | 177,426 | 2,999 | |
DTE Midstream LLC | 43,872 | 2,528 | |
Antero Midstream Corp. | 102,798 | 1,378 | |
*,1 | Plug Power Inc. | 237,383 | 838 |
APA Corp. | 16,109 | 480 | |
733,656 | |||
Financials (20.7%) | |||
* | Berkshire Hathaway Inc. Class B | 829,528 | 339,609 |
JPMorgan Chase & Co. | 1,307,535 | 243,280 | |
Bank of America Corp. | 3,121,540 | 107,756 | |
Wells Fargo & Co. | 1,662,504 | 92,419 | |
S&P Global Inc. | 133,298 | 57,102 | |
Goldman Sachs Group Inc. | 144,523 | 56,227 | |
BlackRock Inc. | 67,365 | 54,656 | |
Citigroup Inc. | 866,312 | 48,072 | |
Morgan Stanley | 544,914 | 46,884 | |
Chubb Ltd. | 183,901 | 46,282 | |
Charles Schwab Corp. | 671,649 | 44,853 | |
CME Group Inc. | 162,612 | 35,832 | |
Intercontinental Exchange Inc. | 256,513 | 35,507 | |
US Bancorp | 706,260 | 29,635 | |
Aon plc Class A (XNYS) | 89,828 | 28,385 | |
PNC Financial Services Group Inc. | 180,480 | 26,567 | |
American International Group Inc. | 322,832 | 23,531 | |
Travelers Cos. Inc. | 103,326 | 22,831 | |
KKR & Co. Inc. | 226,855 | 22,291 | |
Arthur J Gallagher & Co. | 90,609 | 22,102 | |
Aflac Inc. | 267,422 | 21,592 | |
Truist Financial Corp. | 601,310 | 21,034 | |
MetLife Inc. | 287,173 | 20,027 | |
Bank of New York Mellon Corp. | 349,034 | 19,577 | |
Allstate Corp. | 118,864 | 18,961 | |
Prudential Financial Inc. | 164,605 | 17,940 | |
* | Coinbase Global Inc. Class A | 76,602 | 15,593 |
Discover Financial Services | 112,845 | 13,620 | |
Hartford Financial Services Group Inc. | 133,545 | 12,799 | |
Progressive Corp. | 66,362 | 12,580 | |
* | Arch Capital Group Ltd. | 138,925 | 12,168 |
T Rowe Price Group Inc. | 99,789 | 11,311 | |
Willis Towers Watson plc | 40,912 | 11,153 | |
Fifth Third Bancorp | 308,542 | 10,595 | |
M&T Bank Corp. | 75,131 | 10,499 | |
Raymond James Financial Inc. | 86,051 | 10,354 | |
State Street Corp. | 139,399 | 10,278 | |
MSCI Inc. | 17,356 | 9,736 | |
Cboe Global Markets Inc. | 47,523 | 9,124 | |
Marsh & McLennan Cos. Inc. | 44,566 | 9,014 | |
* | Markel Group Inc. | 5,967 | 8,906 |
Shares | Market Value• ($000) | ||
Principal Financial Group Inc. | 109,327 | 8,840 | |
Nasdaq Inc. | 154,486 | 8,682 | |
Huntington Bancshares Inc. | 650,363 | 8,481 | |
Regions Financial Corp. | 426,474 | 7,945 | |
Cincinnati Financial Corp. | 69,436 | 7,916 | |
Northern Trust Corp. | 92,699 | 7,613 | |
W R Berkley Corp. | 90,493 | 7,565 | |
First Citizens BancShares Inc. Class A | 4,347 | 6,841 | |
Citizens Financial Group Inc. | 210,330 | 6,602 | |
Loews Corp. | 82,817 | 6,222 | |
Everest Group Ltd. | 16,745 | 6,177 | |
KeyCorp | 421,210 | 6,011 | |
Fidelity National Financial Inc. | 117,193 | 5,928 | |
Brown & Brown Inc. | 65,435 | 5,510 | |
Reinsurance Group of America Inc. | 30,053 | 5,315 | |
Interactive Brokers Group Inc. Class A | 46,835 | 5,092 | |
Globe Life Inc. | 39,640 | 5,032 | |
* | Robinhood Markets Inc. Class A | 303,343 | 4,948 |
East West Bancorp Inc. | 63,497 | 4,626 | |
Ally Financial Inc. | 122,486 | 4,531 | |
Unum Group | 88,836 | 4,393 | |
Carlyle Group Inc. | 95,386 | 4,373 | |
Assurant Inc. | 23,839 | 4,326 | |
Annaly Capital Management Inc. | 222,936 | 4,256 | |
American Financial Group Inc. | 32,892 | 4,199 | |
* | SoFi Technologies Inc. | 420,661 | 3,778 |
RenaissanceRe Holdings Ltd. | 16,650 | 3,743 | |
* | NU Holdings Ltd. Class A | 332,206 | 3,681 |
Webster Financial Corp. | 77,108 | 3,673 | |
Tradeweb Markets Inc. Class A | 33,928 | 3,590 | |
First Horizon Corp. | 251,744 | 3,550 | |
Franklin Resources Inc. | 128,638 | 3,531 | |
Old Republic International Corp. | 117,995 | 3,417 | |
Jefferies Financial Group Inc. | 81,618 | 3,413 | |
Stifel Financial Corp. | 44,720 | 3,392 | |
XP Inc. Class A | 133,482 | 3,156 | |
Blue Owl Capital Inc. | 174,608 | 3,136 | |
SEI Investments Co. | 45,355 | 3,050 | |
Voya Financial Inc. | 44,227 | 3,023 | |
Evercore Inc. Class A | 15,840 | 2,963 | |
Comerica Inc. | 59,477 | 2,937 | |
Cullen/Frost Bankers Inc. | 26,775 | 2,905 | |
Pinnacle Financial Partners Inc. | 34,781 | 2,877 | |
Western Alliance Bancorp | 48,908 | 2,823 | |
Commerce Bancshares Inc. | 54,187 | 2,820 | |
AGNC Investment Corp. | 290,637 | 2,778 | |
Houlihan Lokey Inc. | 21,166 | 2,723 | |
Starwood Property Trust Inc. | 133,393 | 2,720 | |
Popular Inc. | 31,933 | 2,672 | |
First American Financial Corp. | 45,443 | 2,654 |
Shares | Market Value• ($000) | ||
Wintrust Financial Corp. | 27,541 | 2,654 | |
Zions Bancorp NA | 65,772 | 2,593 | |
Corebridge Financial Inc. | 103,824 | 2,578 | |
Invesco Ltd. | 163,845 | 2,525 | |
Synovus Financial Corp. | 65,333 | 2,479 | |
MGIC Investment Corp. | 123,851 | 2,463 | |
Prosperity Bancshares Inc. | 39,275 | 2,451 | |
Affiliated Managers Group Inc. | 15,575 | 2,435 | |
OneMain Holdings Inc. | 50,585 | 2,389 | |
Moody's Corp. | 6,277 | 2,382 | |
Rithm Capital Corp. | 218,633 | 2,370 | |
Assured Guaranty Ltd. | 25,483 | 2,334 | |
Axis Capital Holdings Ltd. | 34,983 | 2,189 | |
FNB Corp. | 161,091 | 2,149 | |
Hanover Insurance Group Inc. | 16,100 | 2,117 | |
Bank OZK | 48,135 | 2,108 | |
RLI Corp. | 14,174 | 2,076 | |
White Mountains Insurance Group Ltd. | 1,112 | 1,963 | |
Lincoln National Corp. | 69,382 | 1,911 | |
Lazard Inc. | 49,293 | 1,900 | |
Janus Henderson Group plc | 60,328 | 1,880 | |
Broadridge Financial Solutions Inc. | 8,721 | 1,775 | |
Columbia Banking System Inc. | 93,832 | 1,698 | |
Kemper Corp. | 27,334 | 1,567 | |
* | Credit Acceptance Corp. | 2,818 | 1,560 |
New York Community Bancorp Inc. | 323,278 | 1,549 | |
Primerica Inc. | 5,625 | 1,380 | |
SLM Corp. | 61,141 | 1,274 | |
* | Brighthouse Financial Inc. | 26,434 | 1,231 |
First Hawaiian Inc. | 57,758 | 1,211 | |
BOK Financial Corp. | 12,727 | 1,082 | |
TPG Inc. | 23,473 | 1,041 | |
Virtu Financial Inc. Class A | 40,405 | 729 | |
CNA Financial Corp. | 11,679 | 513 | |
* | Rocket Cos. Inc. Class A | 34,231 | 430 |
TFS Financial Corp. | 23,313 | 297 | |
UWM Holdings Corp. | 27,010 | 172 | |
1,966,566 | |||
Health Care (13.9%) | |||
Johnson & Johnson | 1,091,717 | 176,181 | |
Merck & Co. Inc. | 938,948 | 119,387 | |
Abbott Laboratories | 734,956 | 87,195 | |
Danaher Corp. | 298,305 | 75,513 | |
Pfizer Inc. | 2,560,262 | 68,001 | |
Medtronic plc | 602,015 | 50,184 | |
Bristol-Myers Squibb Co. | 922,784 | 46,831 | |
Elevance Health Inc. | 93,142 | 46,687 | |
* | Boston Scientific Corp. | 663,000 | 43,897 |
Stryker Corp. | 120,129 | 41,933 | |
* | Regeneron Pharmaceuticals Inc. | 43,281 | 41,813 |
Cigna Group | 122,517 | 41,183 | |
Gilead Sciences Inc. | 566,308 | 40,831 | |
Thermo Fisher Scientific Inc. | 67,166 | 38,297 | |
UnitedHealth Group Inc. | 66,939 | 33,041 | |
Becton Dickinson & Co. | 131,277 | 30,922 | |
HCA Healthcare Inc. | 71,525 | 22,294 | |
Amgen Inc. | 77,443 | 21,206 | |
* | Centene Corp. | 241,953 | 18,976 |
Shares | Market Value• ($000) | ||
GE Healthcare Inc. | 168,391 | 15,371 | |
* | Biogen Inc. | 65,315 | 14,173 |
* | Moderna Inc. | 150,340 | 13,867 |
Zimmer Biomet Holdings Inc. | 94,985 | 11,812 | |
Humana Inc. | 31,976 | 11,202 | |
STERIS plc | 44,857 | 10,448 | |
* | ICON plc | 31,325 | 10,043 |
Baxter International Inc. | 228,634 | 9,356 | |
Laboratory Corp. of America Holdings | 38,346 | 8,276 | |
Cooper Cos. Inc. | 87,844 | 8,222 | |
* | Hologic Inc. | 109,891 | 8,110 |
* | Avantor Inc. | 305,080 | 7,517 |
* | Illumina Inc. | 50,192 | 7,018 |
Viatris Inc. | 540,965 | 6,692 | |
* | BioMarin Pharmaceutical Inc. | 74,586 | 6,435 |
Quest Diagnostics Inc. | 50,634 | 6,324 | |
Revvity Inc. | 56,061 | 6,144 | |
Cardinal Health Inc. | 54,401 | 6,092 | |
* | Charles River Laboratories International Inc. | 22,952 | 5,834 |
Royalty Pharma plc Class A | 167,874 | 5,093 | |
Teleflex Inc. | 21,240 | 4,732 | |
* | Molina Healthcare Inc. | 11,879 | 4,679 |
* | Catalent Inc. | 81,288 | 4,661 |
* | United Therapeutics Corp. | 20,425 | 4,609 |
Universal Health Services Inc. Class B | 27,091 | 4,526 | |
* | Henry Schein Inc. | 59,067 | 4,517 |
* | Qiagen NV | 100,972 | 4,321 |
* | Tenet Healthcare Corp. | 45,622 | 4,243 |
* | Vertex Pharmaceuticals Inc. | 9,919 | 4,173 |
* | Elanco Animal Health Inc. (XNYS) | 221,458 | 3,519 |
Agilent Technologies Inc. | 24,636 | 3,384 | |
* | Acadia Healthcare Co. Inc. | 40,527 | 3,382 |
DENTSPLY SIRONA Inc. | 95,516 | 3,122 | |
Encompass Health Corp. | 41,640 | 3,098 | |
* | Bio-Rad Laboratories Inc. Class A | 9,337 | 3,043 |
* | Exact Sciences Corp. | 52,673 | 3,030 |
* | Repligen Corp. | 14,039 | 2,723 |
* | Globus Medical Inc. Class A | 38,301 | 2,068 |
Organon & Co. | 115,091 | 2,004 | |
* | Azenta Inc. | 26,947 | 1,756 |
* | Alnylam Pharmaceuticals Inc. | 11,041 | 1,668 |
Perrigo Co. plc | 60,662 | 1,593 | |
* | Jazz Pharmaceuticals plc | 13,308 | 1,582 |
* | Envista Holdings Corp. | 73,900 | 1,526 |
* | Fortrea Holdings Inc. | 39,695 | 1,490 |
* | IQVIA Holdings Inc. | 5,955 | 1,472 |
* | Enovis Corp. | 23,550 | 1,409 |
* | Amedisys Inc. | 14,470 | 1,346 |
* | Incyte Corp. | 21,891 | 1,278 |
Chemed Corp. | 1,879 | 1,177 | |
* | Integra LifeSciences Holdings Corp. | 30,925 | 1,141 |
* | Teladoc Health Inc. | 74,722 | 1,127 |
Premier Inc. Class A | 53,067 | 1,107 | |
* | QuidelOrtho Corp. | 24,073 | 1,098 |
* | ICU Medical Inc. | 9,047 | 988 |
* | R1 RCM Inc. | 69,947 | 983 |
Shares | Market Value• ($000) | ||
*,1 | Ginkgo Bioworks Holdings Inc. | 637,483 | 969 |
* | Doximity Inc. Class A | 30,364 | 857 |
* | Exelixis Inc. | 37,363 | 818 |
* | Tandem Diabetes Care Inc. | 25,446 | 678 |
* | Certara Inc. | 34,968 | 590 |
* | Karuna Therapeutics Inc. | 1,722 | 541 |
* | Ionis Pharmaceuticals Inc. | 9,137 | 413 |
Bio-Techne Corp. | 4,041 | 297 | |
* | Sotera Health Co. | 13,605 | 204 |
* | Maravai LifeSciences Holdings Inc. Class A | 21,050 | 163 |
* | Roivant Sciences Ltd. | 9,170 | 105 |
* | agilon health Inc. | 14,169 | 87 |
1,320,698 | |||
Industrials (16.3%) | |||
General Electric Co. | 491,392 | 77,095 | |
RTX Corp. | 651,542 | 58,424 | |
Honeywell International Inc. | 262,876 | 52,241 | |
Eaton Corp. plc | 180,466 | 52,155 | |
* | Boeing Co. | 218,344 | 44,481 |
Union Pacific Corp. | 157,975 | 40,077 | |
American Express Co. | 176,661 | 38,763 | |
United Parcel Service Inc. Class B (XNYS) | 237,228 | 35,171 | |
Parker-Hannifin Corp. | 57,945 | 31,027 | |
General Dynamics Corp. | 110,872 | 30,296 | |
CSX Corp. | 795,184 | 30,169 | |
* | Fiserv Inc. | 196,803 | 29,377 |
Northrop Grumman Corp. | 61,166 | 28,199 | |
Emerson Electric Co. | 258,683 | 27,640 | |
FedEx Corp. | 105,116 | 26,171 | |
Norfolk Southern Corp. | 103,050 | 26,111 | |
PACCAR Inc. | 232,280 | 25,758 | |
Capital One Financial Corp. | 172,038 | 23,674 | |
TransDigm Group Inc. | 19,961 | 23,509 | |
3M Co. | 249,542 | 22,988 | |
Trane Technologies plc | 72,814 | 20,531 | |
Caterpillar Inc. | 57,738 | 19,282 | |
AMETEK Inc. | 104,261 | 18,786 | |
Fidelity National Information Services Inc. | 268,794 | 18,598 | |
Ferguson plc | 87,650 | 18,534 | |
L3Harris Technologies Inc. | 85,815 | 18,164 | |
Cummins Inc. | 64,309 | 17,274 | |
Carrier Global Corp. | 307,976 | 17,117 | |
United Rentals Inc. | 24,328 | 16,866 | |
Otis Worldwide Corp. | 176,450 | 16,816 | |
Ingersoll Rand Inc. (XYNS) | 183,845 | 16,791 | |
Martin Marietta Materials Inc. | 27,928 | 16,134 | |
Johnson Controls International plc | 259,620 | 15,388 | |
Global Payments Inc. | 117,073 | 15,184 | |
DuPont de Nemours Inc. | 207,665 | 14,368 | |
Fortive Corp. | 159,925 | 13,614 | |
Vulcan Materials Co. | 46,716 | 12,419 | |
* | Block Inc. (XNYS) | 153,999 | 12,238 |
Xylem Inc. | 94,475 | 12,003 | |
Quanta Services Inc. | 47,911 | 11,571 | |
Westinghouse Air Brake Technologies Corp. | 80,968 | 11,440 | |
Howmet Aerospace Inc. | 171,527 | 11,415 | |
PPG Industries Inc. | 79,910 | 11,315 | |
* | Builders FirstSource Inc. | 55,590 | 10,850 |
Dover Corp. | 63,092 | 10,434 |
Shares | Market Value• ($000) | ||
* | Keysight Technologies Inc. | 59,725 | 9,216 |
* | Teledyne Technologies Inc. | 21,067 | 9,001 |
Ball Corp. | 139,283 | 8,917 | |
Veralto Corp. | 99,282 | 8,580 | |
Jacobs Solutions Inc. | 56,863 | 8,339 | |
Textron Inc. | 88,524 | 7,885 | |
Masco Corp. | 101,766 | 7,812 | |
Synchrony Financial | 186,349 | 7,696 | |
Carlisle Cos. Inc. | 21,857 | 7,650 | |
IDEX Corp. | 31,404 | 7,408 | |
Packaging Corp. of America | 39,999 | 7,247 | |
Expeditors International of Washington Inc. | 57,514 | 6,879 | |
Nordson Corp. | 25,851 | 6,867 | |
* | Trimble Inc. | 111,401 | 6,817 |
Lennox International Inc. | 14,451 | 6,809 | |
TransUnion | 87,289 | 6,776 | |
Automatic Data Processing Inc. | 26,554 | 6,669 | |
Illinois Tool Works Inc. | 25,073 | 6,573 | |
Snap-on Inc. | 23,537 | 6,488 | |
* | XPO Inc. | 51,529 | 6,200 |
Stanley Black & Decker Inc. | 69,223 | 6,181 | |
JB Hunt Transport Services Inc. | 29,884 | 6,165 | |
* | Saia Inc. | 10,657 | 6,132 |
Owens Corning | 40,022 | 5,995 | |
Sherwin-Williams Co. | 17,982 | 5,971 | |
Amcor plc | 651,257 | 5,900 | |
Pentair plc | 74,164 | 5,769 | |
RPM International Inc. | 46,919 | 5,412 | |
* | TopBuild Corp. | 13,381 | 5,384 |
* | Zebra Technologies Corp. Class A | 19,011 | 5,313 |
CNH Industrial NV | 441,118 | 5,271 | |
AECOM | 59,186 | 5,258 | |
Westrock Co. | 114,800 | 5,199 | |
Huntington Ingalls Industries Inc. | 17,709 | 5,164 | |
Regal Rexnord Corp. | 29,886 | 5,125 | |
nVent Electric plc | 74,549 | 5,019 | |
Hubbell Inc. | 13,175 | 5,015 | |
ITT Inc. | 37,374 | 4,714 | |
Equifax Inc. | 17,014 | 4,655 | |
Fortune Brands Innovations Inc. | 57,154 | 4,649 | |
Watsco Inc. | 11,259 | 4,437 | |
EMCOR Group Inc. | 13,691 | 4,292 | |
AptarGroup Inc. | 29,610 | 4,159 | |
Graco Inc. | 44,708 | 4,080 | |
Curtiss-Wright Corp. | 17,190 | 4,062 | |
A O Smith Corp. | 48,872 | 4,052 | |
Knight-Swift Transportation Holdings Inc. | 70,727 | 3,985 | |
Jack Henry & Associates Inc. | 22,438 | 3,899 | |
Woodward Inc. | 27,014 | 3,822 | |
* | Affirm Holdings Inc. | 101,872 | 3,822 |
Robert Half Inc. | 46,599 | 3,747 | |
Crown Holdings Inc. | 48,102 | 3,686 | |
MKS Instruments Inc. | 29,986 | 3,681 | |
* | Middleby Corp. | 24,112 | 3,669 |
Acuity Brands Inc. | 14,113 | 3,546 | |
* | Core & Main Inc. Class A | 74,035 | 3,534 |
Tetra Tech Inc. | 19,573 | 3,471 |
Shares | Market Value• ($000) | ||
BWX Technologies Inc. | 34,100 | 3,438 | |
Oshkosh Corp. | 29,430 | 3,263 | |
Berry Global Group Inc. | 53,879 | 3,136 | |
* | WillScot Mobile Mini Holdings Corp. | 65,112 | 3,109 |
AGCO Corp. | 28,277 | 3,102 | |
* | Generac Holdings Inc. | 27,388 | 3,081 |
Cognex Corp. | 77,972 | 3,076 | |
WESCO International Inc. | 19,953 | 2,983 | |
* | Bill Holdings Inc. | 46,419 | 2,940 |
* | Axalta Coating Systems Ltd. | 89,663 | 2,935 |
* | AZEK Co. Inc. | 59,740 | 2,874 |
Deere & Co. | 7,784 | 2,842 | |
* | Mohawk Industries Inc. | 23,869 | 2,831 |
* | PayPal Holdings Inc. | 46,504 | 2,806 |
* | GXO Logistics Inc. | 52,984 | 2,742 |
Allison Transmission Holdings Inc. | 36,271 | 2,732 | |
Cintas Corp. | 4,292 | 2,698 | |
Crane Co. | 21,742 | 2,643 | |
Littelfuse Inc. | 10,898 | 2,596 | |
* | FTI Consulting Inc. | 12,299 | 2,544 |
MSA Safety Inc. | 13,796 | 2,541 | |
Brunswick Corp. | 28,987 | 2,534 | |
Esab Corp. | 25,478 | 2,525 | |
Sonoco Products Co. | 44,213 | 2,506 | |
Flowserve Corp. | 59,058 | 2,499 | |
Sensata Technologies Holding plc | 68,571 | 2,360 | |
* | Kirby Corp. | 26,661 | 2,339 |
Donaldson Co. Inc. | 32,105 | 2,299 | |
* | WEX Inc. | 10,425 | 2,291 |
Ryder System Inc. | 19,654 | 2,243 | |
MSC Industrial Direct Co. Inc. Class A | 21,312 | 2,151 | |
Louisiana-Pacific Corp. | 29,025 | 2,147 | |
* | MasTec Inc. | 28,069 | 2,118 |
Genpact Ltd. | 60,249 | 2,049 | |
Vontier Corp. | 46,217 | 1,987 | |
MDU Resources Group Inc. | 90,796 | 1,968 | |
Western Union Co. | 141,033 | 1,891 | |
Air Lease Corp. | 46,765 | 1,875 | |
Valmont Industries Inc. | 8,813 | 1,868 | |
Armstrong World Industries Inc. | 14,082 | 1,698 | |
Graphic Packaging Holding Co. | 63,983 | 1,660 | |
Silgan Holdings Inc. | 37,719 | 1,656 | |
ManpowerGroup Inc. | 22,294 | 1,609 | |
Eagle Materials Inc. | 5,362 | 1,360 | |
Old Dominion Freight Line Inc. | 3,060 | 1,354 | |
Crane NXT Co. | 21,758 | 1,271 | |
* | Spirit AeroSystems Holdings Inc. Class A | 42,611 | 1,219 |
* | Euronet Worldwide Inc. | 10,751 | 1,177 |
Sealed Air Corp. | 28,966 | 1,010 | |
Vestis Corp. | 53,314 | 1,000 | |
* | Hayward Holdings Inc. | 60,122 | 889 |
CH Robinson Worldwide Inc. | 11,461 | 849 | |
* | Gates Industrial Corp. plc | 50,717 | 747 |
* | Mercury Systems Inc. | 24,307 | 726 |
ADT Inc. | 93,392 | 678 | |
* | FleetCor Technologies Inc. | 2,298 | 642 |
* | NCR Atleos Corp. | 29,187 | 635 |
Shares | Market Value• ($000) | ||
Landstar System Inc. | 3,331 | 634 | |
Schneider National Inc. Class B | 24,628 | 580 | |
HEICO Corp. | 2,714 | 525 | |
Lincoln Electric Holdings Inc. | 1,654 | 424 | |
HEICO Corp. Class A | 2,701 | 420 | |
Allegion plc | 3,004 | 384 | |
1 | Ardagh Group SA | 8,833 | 65 |
Ardagh Metal Packaging SA | 6,378 | 21 | |
1,548,317 | |||
Real Estate (4.7%) | |||
Prologis Inc. | 418,167 | 55,729 | |
Welltower Inc. | 243,264 | 22,419 | |
Digital Realty Trust Inc. | 136,606 | 20,055 | |
Realty Income Corp. | 377,484 | 19,671 | |
Crown Castle Inc. | 174,979 | 19,237 | |
Equinix Inc. | 21,082 | 18,738 | |
Simon Property Group Inc. | 115,064 | 17,046 | |
VICI Properties Inc. | 469,823 | 14,062 | |
Extra Space Storage Inc. | 94,578 | 13,333 | |
* | CBRE Group Inc. Class A | 137,348 | 12,621 |
Weyerhaeuser Co. | 332,520 | 11,432 | |
AvalonBay Communities Inc. | 64,100 | 11,348 | |
Equity Residential | 168,687 | 10,157 | |
Alexandria Real Estate Equities Inc. | 77,553 | 9,673 | |
Invitation Homes Inc. | 276,379 | 9,416 | |
SBA Communications Corp. | 43,666 | 9,136 | |
* | CoStar Group Inc. | 104,194 | 9,068 |
Public Storage | 29,699 | 8,431 | |
Ventas Inc. | 180,657 | 7,640 | |
Essex Property Trust Inc. | 28,874 | 6,681 | |
Host Hotels & Resorts Inc. | 319,674 | 6,630 | |
Mid-America Apartment Communities Inc. | 52,485 | 6,596 | |
Kimco Realty Corp. | 297,214 | 5,873 | |
Sun Communities Inc. | 43,374 | 5,802 | |
American Homes 4 Rent Class A | 152,651 | 5,650 | |
WP Carey Inc. | 95,839 | 5,399 | |
Gaming and Leisure Properties Inc. | 115,675 | 5,261 | |
Iron Mountain Inc. | 66,096 | 5,198 | |
Regency Centers Corp. | 81,675 | 5,060 | |
UDR Inc. | 142,382 | 5,055 | |
Rexford Industrial Realty Inc. | 95,135 | 4,840 | |
Healthpeak Properties Inc. | 286,971 | 4,807 | |
Boston Properties Inc. | 70,898 | 4,588 | |
Camden Property Trust | 46,894 | 4,430 | |
CubeSmart | 101,335 | 4,419 | |
* | Jones Lang LaSalle Inc. | 21,364 | 4,064 |
Federal Realty Investment Trust | 36,471 | 3,678 | |
Equity LifeStyle Properties Inc. | 54,170 | 3,647 | |
EastGroup Properties Inc. | 20,671 | 3,632 | |
Omega Healthcare Investors Inc. | 110,323 | 3,433 | |
NNN REIT Inc. | 81,991 | 3,336 | |
First Industrial Realty Trust Inc. | 59,729 | 3,166 | |
Americold Realty Trust Inc. | 122,517 | 3,100 |
Shares | Market Value• ($000) | ||
Brixmor Property Group Inc. | 135,214 | 3,057 | |
STAG Industrial Inc. | 81,937 | 3,043 | |
* | Zillow Group Inc. Class A | 54,298 | 2,935 |
Agree Realty Corp. | 45,004 | 2,473 | |
Healthcare Realty Trust Inc. | 171,599 | 2,365 | |
* | Zillow Group Inc. Class C | 41,725 | 2,343 |
Rayonier Inc. | 66,292 | 2,282 | |
Vornado Realty Trust | 79,830 | 2,099 | |
Apartment Income REIT Corp. | 67,140 | 2,036 | |
Kilroy Realty Corp. | 53,022 | 2,009 | |
Park Hotels & Resorts Inc. | 95,785 | 1,590 | |
Cousins Properties Inc. | 68,152 | 1,555 | |
EPR Properties | 33,409 | 1,372 | |
National Storage Affiliates Trust | 36,373 | 1,302 | |
* | Howard Hughes Holdings Inc. | 15,338 | 1,172 |
Highwoods Properties Inc. | 47,304 | 1,157 | |
1 | Medical Properties Trust Inc. | 270,943 | 1,141 |
Lamar Advertising Co. Class A | 8,960 | 990 | |
NET Lease Office Properties | 6,433 | 157 | |
448,635 | |||
Technology (8.4%) | |||
Intel Corp. | 1,911,803 | 82,303 | |
International Business Machines Corp. | 411,684 | 76,174 | |
* | Advanced Micro Devices Inc. | 313,045 | 60,271 |
Oracle Corp. | 411,773 | 45,987 | |
Micron Technology Inc. | 495,163 | 44,867 | |
Analog Devices Inc. | 225,607 | 43,276 | |
Texas Instruments Inc. | 243,350 | 40,720 | |
* | Salesforce Inc. | 105,552 | 32,597 |
Marvell Technology Inc. | 387,253 | 27,751 | |
Roper Technologies Inc. | 47,935 | 26,112 | |
Cognizant Technology Solutions Corp. Class A | 230,406 | 18,207 | |
* | ON Semiconductor Corp. | 195,488 | 15,428 |
Amphenol Corp. Class A | 131,148 | 14,327 | |
Applied Materials Inc. | 58,620 | 11,819 | |
Corning Inc. | 344,057 | 11,092 | |
QUALCOMM Inc. | 64,636 | 10,199 | |
Vertiv Holdings Co. Class A | 143,843 | 9,727 | |
Hewlett Packard Enterprise Co. | 578,981 | 8,818 | |
HP Inc. | 310,998 | 8,811 | |
* | Western Digital Corp. | 146,593 | 8,718 |
Entegris Inc. | 64,347 | 8,646 | |
* | Zoom Video Communications Inc. Class A | 114,985 | 8,133 |
Leidos Holdings Inc. | 62,047 | 7,933 | |
Skyworks Solutions Inc. | 71,907 | 7,544 | |
* | Akamai Technologies Inc. | 67,524 | 7,490 |
* | VeriSign Inc. | 38,023 | 7,425 |
* | Okta Inc. | 64,687 | 6,941 |
SS&C Technologies Holdings Inc. | 98,252 | 6,265 | |
Microchip Technology Inc. | 69,884 | 5,880 | |
* | Nutanix Inc. Class A | 83,142 | 5,251 |
NetApp Inc. | 57,460 | 5,121 | |
* | Qorvo Inc. | 44,587 | 5,107 |
Shares | Market Value• ($000) | ||
* | F5 Inc. | 26,716 | 5,002 |
Amdocs Ltd. | 52,990 | 4,833 | |
Gen Digital Inc. (XNGS) | 211,359 | 4,542 | |
* | PTC Inc. | 24,698 | 4,520 |
* | Guidewire Software Inc. | 36,766 | 4,388 |
* | Ceridian HCM Holding Inc. | 60,910 | 4,249 |
* | AppLovin Corp. Class A | 70,774 | 4,227 |
* | Twilio Inc. Class A | 63,904 | 3,808 |
* | DoorDash Inc. Class A | 29,958 | 3,732 |
* | CACI International Inc. Class A | 9,944 | 3,727 |
* | Coherent Corp. | 58,516 | 3,480 |
Science Applications International Corp. | 23,913 | 3,347 | |
Jabil Inc. | 20,904 | 3,012 | |
* | GoDaddy Inc. Class A | 26,067 | 2,976 |
Lam Research Corp. | 3,139 | 2,945 | |
* | Arrow Electronics Inc. | 25,013 | 2,939 |
TD SYNNEX Corp. | 26,324 | 2,735 | |
* | SentinelOne Inc. Class A | 91,877 | 2,588 |
* | Aspen Technology Inc. | 12,372 | 2,399 |
* | Unity Software Inc. | 80,128 | 2,349 |
KBR Inc. | 38,585 | 2,316 | |
* | Cirrus Logic Inc. | 24,931 | 2,289 |
* | ANSYS Inc. | 6,844 | 2,287 |
* | Kyndryl Holdings Inc. | 102,530 | 2,253 |
Dolby Laboratories Inc. Class A | 26,831 | 2,173 | |
* | DXC Technology Co. | 92,998 | 2,033 |
Universal Display Corp. | 11,536 | 2,012 | |
* | Tyler Technologies Inc. | 4,562 | 1,994 |
Avnet Inc. | 42,128 | 1,963 | |
*,1 | GLOBALFOUNDRIES Inc. | 35,461 | 1,939 |
* | IAC Inc. | 33,475 | 1,901 |
*,1 | Clarivate plc | 212,721 | 1,527 |
* | Pure Storage Inc. Class A | 28,104 | 1,480 |
* | Wolfspeed Inc. | 56,082 | 1,459 |
Concentrix Corp. | 19,819 | 1,436 | |
Dun & Bradstreet Holdings Inc. | 122,750 | 1,294 | |
Teradyne Inc. | 11,713 | 1,213 | |
* | IPG Photonics Corp. | 13,523 | 1,168 |
* | ZoomInfo Technologies Inc. | 66,022 | 1,106 |
* | CCC Intelligent Solutions Holdings Inc. | 91,107 | 1,067 |
* | UiPath Inc. Class A | 40,065 | 951 |
* | nCino Inc. | 29,099 | 868 |
CDW Corp. | 3,512 | 865 | |
* | NCR Voyix Corp. | 58,079 | 848 |
* | Informatica Inc. Class A | 17,627 | 574 |
* | Match Group Inc. | 12,527 | 451 |
* | HashiCorp Inc. Class A | 13,802 | 360 |
* | Paycor HCM Inc. | 15,726 | 332 |
Bentley Systems Inc. Class B | 6,296 | 323 | |
* | Dropbox Inc. Class A | 12,775 | 306 |
* | Maplebear Inc. | 2,856 | 93 |
791,619 | |||
Telecommunications (3.8%) | |||
Cisco Systems Inc. | 1,836,937 | 88,853 | |
Comcast Corp. Class A | 1,809,004 | 77,516 | |
Verizon Communications Inc. | 1,906,645 | 76,304 | |
AT&T Inc. | 3,243,725 | 54,916 | |
T-Mobile US Inc. | 237,047 | 38,710 | |
Juniper Networks Inc. | 143,882 | 5,328 | |
* | Ciena Corp. | 66,840 | 3,809 |
Shares | Market Value• ($000) | ||
* | Roku Inc. | 48,806 | 3,084 |
* | Liberty Broadband Corp. Class C | 45,313 | 2,727 |
* | Frontier Communications Parent Inc. | 110,682 | 2,621 |
Motorola Solutions Inc. | 6,005 | 1,984 | |
* | Lumentum Holdings Inc. | 30,310 | 1,469 |
Cable One Inc. | 2,318 | 1,057 | |
* | ViaSat Inc. | 52,988 | 1,037 |
* | Liberty Broadband Corp. Class A | 2,353 | 141 |
Iridium Communications Inc. | 3,882 | 112 | |
Ubiquiti Inc. | 275 | 32 | |
*,2 | GCI Liberty Inc. | 26,959 | — |
359,700 | |||
Utilities (4.9%) | |||
NextEra Energy Inc. | 917,392 | 50,631 | |
Southern Co. | 493,254 | 33,171 | |
Duke Energy Corp. | 348,807 | 32,031 | |
Constellation Energy Corp. | 145,779 | 24,556 | |
Sempra | 285,859 | 20,182 | |
American Electric Power Co. Inc. | 233,574 | 19,898 | |
Dominion Energy Inc. | 379,073 | 18,131 | |
Republic Services Inc. | 93,460 | 17,159 | |
Exelon Corp. | 450,502 | 16,146 | |
PG&E Corp. | 924,899 | 15,437 | |
Public Service Enterprise Group Inc. | 225,026 | 14,042 | |
Consolidated Edison Inc. | 156,982 | 13,690 | |
Xcel Energy Inc. | 249,147 | 13,128 | |
Edison International | 171,735 | 11,681 | |
WEC Energy Group Inc. | 142,716 | 11,202 | |
American Water Works Co. Inc. | 88,111 | 10,445 | |
DTE Energy Co. | 93,198 | 10,098 | |
Entergy Corp. | 95,724 | 9,723 | |
Eversource Energy | 157,610 | 9,252 | |
FirstEnergy Corp. | 246,267 | 9,016 | |
PPL Corp. | 333,793 | 8,802 | |
Ameren Corp. | 118,435 | 8,431 | |
CenterPoint Energy Inc. | 285,430 | 7,849 | |
Atmos Energy Corp. | 67,013 | 7,566 | |
CMS Energy Corp. | 131,555 | 7,547 | |
Vistra Corp. | 116,602 | 6,359 | |
NRG Energy Inc. | 102,906 | 5,693 | |
Alliant Energy Corp. | 113,595 | 5,424 | |
Evergy Inc. | 100,650 | 4,986 | |
NiSource Inc. | 186,926 | 4,871 | |
* | Clean Harbors Inc. | 22,868 | 4,164 |
Waste Management Inc. | 18,617 | 3,829 | |
Essential Utilities Inc. | 109,936 | 3,824 | |
Pinnacle West Capital Corp. | 51,188 | 3,498 | |
OGE Energy Corp. | 90,319 | 2,972 | |
UGI Corp. | 93,925 | 2,299 | |
* | Stericycle Inc. | 41,377 | 2,251 |
IDACORP Inc. | 22,858 | 2,014 | |
National Fuel Gas Co. | 40,092 | 1,954 | |
AES Corp. | 117,453 | 1,785 | |
1 | Brookfield Renewable Corp. Class A | 60,138 | 1,427 |
* | Sunrun Inc. | 95,336 | 1,148 |
Clearway Energy Inc. Class C | 50,476 | 1,100 | |
Avangrid Inc. | 32,207 | 1,003 |
Shares | Market Value• ($000) | ||
Hawaiian Electric Industries Inc. | 50,098 | 610 | |
Clearway Energy Inc. Class A | 1,070 | 22 | |
461,047 | |||
Total Common Stocks (Cost $8,519,768) | 9,458,825 | ||
Temporary Cash Investments (0.1%) | |||
Money Market Fund (0.1%) | |||
3,4 | Vanguard Market Liquidity Fund, 5.400% (Cost $11,051) | 110,545 | 11,054 |
Total Investments (99.9%) (Cost $8,530,819) | 9,469,879 | ||
Other Assets and Liabilities—Net (0.1%) | 10,614 | ||
Net Assets (100%) | 9,480,493 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $9,496,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
4 | Collateral of $10,438,000 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 2024 | 54 | 13,780 | 235 |
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) |
Carrier Global Corp. | 8/30/24 | BANA | 3,891 | (5.326) | — | (3) |
Johnson Controls International plc | 8/30/24 | BANA | 2,845 | (5.326) | — | (11) |
— | (14) |
1 | Based on Overnight Bank Funding Rate as of the most recent reset date. Floating interest payment received/paid monthly. |
BANA—Bank of America, N.A. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $8,519,768) | 9,458,825 |
Affiliated Issuers (Cost $11,051) | 11,054 |
Total Investments in Securities | 9,469,879 |
Investment in Vanguard | 286 |
Cash | 580 |
Cash Collateral Pledged—Futures Contracts | 560 |
Receivables for Investment Securities Sold | 438 |
Receivables for Accrued Income | 20,237 |
Receivables for Capital Shares Issued | 585 |
Variation Margin Receivable—Futures Contracts | 55 |
Total Assets | 9,492,620 |
Liabilities | |
Payables for Investment Securities Purchased | 1,375 |
Collateral for Securities on Loan | 10,438 |
Payables for Capital Shares Redeemed | 19 |
Payables to Vanguard | 281 |
Unrealized Depreciation—Over-the-Counter Swap Contracts | 14 |
Total Liabilities | 12,127 |
Net Assets | 9,480,493 |
1 Includes $9,496,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 9,299,037 |
Total Distributable Earnings (Loss) | 181,456 |
Net Assets | 9,480,493 |
ETF Shares—Net Assets | |
Applicable to 107,552,615 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 8,091,295 |
Net Asset Value Per Share—ETF Shares | $75.23 |
Institutional Shares—Net Assets | |
Applicable to 4,727,628 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,389,198 |
Net Asset Value Per Share—Institutional Shares | $293.85 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 101,208 |
Interest2 | 227 |
Securities Lending—Net | 539 |
Total Income | 101,974 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 97 |
Management and Administrative—ETF Shares | 2,419 |
Management and Administrative—Institutional Shares | 405 |
Marketing and Distribution—ETF Shares | 195 |
Marketing and Distribution—Institutional Shares | 23 |
Custodian Fees | 128 |
Shareholders’ Reports—ETF Shares | 81 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 3 |
Other Expenses | 9 |
Total Expenses | 3,361 |
Expenses Paid Indirectly | (1) |
Net Expenses | 3,360 |
Net Investment Income | 98,614 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 91,668 |
Futures Contracts | 974 |
Swap Contracts | (217) |
Realized Net Gain (Loss) | 92,425 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 651,770 |
Futures Contracts | 37 |
Swap Contracts | (14) |
Change in Unrealized Appreciation (Depreciation) | 651,793 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 842,832 |
1 | Dividends are net of foreign withholding taxes of $19,000. |
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 $212,000, ($4,000), less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $111,973,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 98,614 | 181,917 | |
Realized Net Gain (Loss) | 92,425 | 295,118 | |
Change in Unrealized Appreciation (Depreciation) | 651,793 | 169,788 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 842,832 | 646,823 | |
Distributions | |||
ETF Shares | (88,489) | (145,415) | |
Institutional Shares | (16,264) | (34,279) | |
Total Distributions | (104,753) | (179,694) | |
Capital Share Transactions | |||
ETF Shares | 696,065 | 400,261 | |
Institutional Shares | (118,446) | (290,991) | |
Net Increase (Decrease) from Capital Share Transactions | 577,619 | 109,270 | |
Total Increase (Decrease) | 1,315,698 | 576,399 | |
Net Assets | |||
Beginning of Period | 8,164,795 | 7,588,396 | |
End of Period | 9,480,493 | 8,164,795 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 20211 | 20201 | 20191 | ||
Net Asset Value, Beginning of Period | $69.71 | $65.70 | $71.54 | $53.52 | $54.61 | $55.60 |
Investment Operations | ||||||
Net Investment Income2 | .799 | 1.523 | 1.415 | 1.282 | 1.408 | 1.357 |
Net Realized and Unrealized Gain (Loss) on Investments | 5.571 | 3.964 | (5.875) | 17.932 | (1.056) | (1.054) |
Total from Investment Operations | 6.370 | 5.487 | (4.460) | 19.214 | .352 | .303 |
Distributions | ||||||
Dividends from Net Investment Income | (.850) | (1.477) | (1.380) | (1.194) | (1.442) | (1.293) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.850) | (1.477) | (1.380) | (1.194) | (1.442) | (1.293) |
Net Asset Value, End of Period | $75.23 | $69.71 | $65.70 | $71.54 | $53.52 | $54.61 |
Total Return | 9.23% | 8.55% | -6.32% | 36.32% | 0.75% | 0.60% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $8,091 | $6,760 | $5,980 | $6,569 | $2,646 | $1,914 |
Ratio of Total Expenses to Average Net Assets | 0.08%3 | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 2.28% | 2.27% | 2.02% | 1.99% | 2.65% | 2.51% |
Portfolio Turnover Rate4 | 2% | 15% | 14% | 19% | 24% | 17% |
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 0.08%. |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $272.26 | $256.61 | $279.40 | $209.00 | $213.25 | $217.14 |
Investment Operations | ||||||
Net Investment Income1 | 3.116 | 5.952 | 5.555 | 5.002 | 5.594 | 5.294 |
Net Realized and Unrealized Gain (Loss) on Investments | 21.804 | 15.489 | (22.930) | 70.071 | (4.226) | (4.087) |
Total from Investment Operations | 24.920 | 21.441 | (17.375) | 75.073 | 1.368 | 1.207 |
Distributions | ||||||
Dividends from Net Investment Income | (3.330) | (5.791) | (5.415) | (4.673) | (5.618) | (5.097) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (3.330) | (5.791) | (5.415) | (4.673) | (5.618) | (5.097) |
Net Asset Value, End of Period | $293.85 | $272.26 | $256.61 | $279.40 | $209.00 | $213.25 |
Total Return | 9.24% | 8.55% | -6.30% | 36.35% | 0.81% | 0.61% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,389 | $1,405 | $1,608 | $1,773 | $1,207 | $1,889 |
Ratio of Total Expenses to Average Net Assets | 0.07%2 | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 2.28% | 2.27% | 2.03% | 2.01% | 2.64% | 2.52% |
Portfolio Turnover Rate3 | 2% | 15% | 14% | 19% | 24% | 17% |
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 0.07%. |
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 29, 2024, custodian fee offset arrangements reduced the fund’s expenses by $1,000 (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 | 9,458,760 | 65 | — | 9,458,825 |
Temporary Cash Investments | 11,054 | — | — | 11,054 |
Total | 9,469,814 | 65 | — | 9,469,879 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 235 | — | — | 235 |
Liabilities | ||||
Swap Contracts | — | 14 | — | 14 |
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 29, 2024, 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 | 8,557,929 |
Gross Unrealized Appreciation | 1,475,937 |
Gross Unrealized Depreciation | (563,752) |
Net Unrealized Appreciation (Depreciation) | 912,185 |
F. | During the six months ended February 29, 2024, the fund purchased $196,932,000 of investment securities and sold $281,647,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $1,091,092,000 and $434,046,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,130,399 | 16,775 | 2,616,326 | 39,050 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (434,334) | (6,200) | (2,216,065) | (33,100) | |
Net Increase (Decrease)—ETF Shares | 696,065 | 10,575 | 400,261 | 5,950 | |
Institutional Shares | |||||
Issued | 85,781 | 309 | 283,411 | 1,096 | |
Issued in Lieu of Cash Distributions | 13,928 | 51 | 29,613 | 117 | |
Redeemed | (218,155) | (792) | (604,015) | (2,319) | |
Net Increase (Decrease)—Institutional Shares | (118,446) | (432) | (290,991) | (1,106) |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Basic Materials | 0.4% |
Consumer Discretionary | 19.2 |
Consumer Staples | 2.5 |
Energy | 0.5 |
Financials | 2.5 |
Health Care | 10.1 |
Industrials | 9.9 |
Real Estate | 0.9 |
Technology | 53.1 |
Telecommunications | 0.6 |
Utilities | 0.3 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Basic Materials (0.4%) | |||
Ecolab Inc. | 191,471 | 43,050 | |
Fastenal Co. | 423,780 | 30,940 | |
Linde plc | 45,209 | 20,291 | |
Southern Copper Corp. | 84,523 | 6,835 | |
Avery Dennison Corp. | 26,346 | 5,705 | |
Scotts Miracle-Gro Co. | 40,279 | 2,646 | |
* | Valvoline Inc. | 35,055 | 1,495 |
FMC Corp. | 17,718 | 999 | |
111,961 | |||
Consumer Discretionary (19.2%) | |||
* | Amazon.com Inc. | 8,933,295 | 1,579,049 |
* | Tesla Inc. | 2,735,981 | 552,340 |
Home Depot Inc. | 991,831 | 377,501 | |
Costco Wholesale Corp. | 439,341 | 326,821 | |
* | Netflix Inc. | 428,155 | 258,143 |
* | Uber Technologies Inc. | 1,951,414 | 155,137 |
* | Booking Holdings Inc. | 35,390 | 122,762 |
TJX Cos. Inc. | 1,142,461 | 113,264 | |
Starbucks Corp. | 1,118,699 | 106,164 | |
Lowe's Cos. Inc. | 419,764 | 101,025 | |
McDonald's Corp. | 298,687 | 87,300 | |
* | Chipotle Mexican Grill Inc. | 27,200 | 73,134 |
Target Corp. | 455,909 | 69,718 | |
NIKE Inc. Class B | 628,596 | 65,330 | |
* | Airbnb Inc. Class A | 401,777 | 63,268 |
Marriott International Inc. Class A | 241,481 | 60,339 | |
* | O'Reilly Automotive Inc. | 49,688 | 54,032 |
* | Lululemon Athletica Inc. | 110,296 | 51,518 |
Ross Stores Inc. | 310,664 | 46,276 | |
* | Copart Inc. | 849,969 | 45,176 |
* | AutoZone Inc. | 14,532 | 43,683 |
* | Trade Desk Inc. Class A | 436,726 | 37,309 |
* | Spotify Technology SA | 138,968 | 35,633 |
Yum! Brands Inc. | 243,750 | 33,740 | |
Dollar General Corp. | 217,071 | 31,543 | |
Tractor Supply Co. | 108,622 | 27,625 | |
* | Ulta Beauty Inc. | 48,718 | 26,725 |
* | Deckers Outdoor Corp. | 25,938 | 23,230 |
Hilton Worldwide Holdings Inc. | 112,861 | 23,060 | |
* | Coupang Inc. | 1,085,848 | 20,110 |
Las Vegas Sands Corp. | 340,328 | 18,555 | |
* | Roblox Corp. Class A | 459,849 | 18,348 |
* | DraftKings Inc. Class A | 413,982 | 17,934 |
Shares | Market Value• ($000) | ||
Domino's Pizza Inc. | 34,615 | 15,520 | |
Pool Corp. | 37,684 | 15,003 | |
* | Expedia Group Inc. | 99,668 | 13,637 |
* | Burlington Stores Inc. | 64,009 | 13,128 |
* | Floor & Decor Holdings Inc. Class A | 103,314 | 12,513 |
Rollins Inc. | 252,867 | 11,144 | |
* | Five Below Inc. | 54,422 | 10,921 |
Estee Lauder Cos. Inc. Class A | 71,917 | 10,685 | |
RB Global Inc. (XTSE) | 137,732 | 10,455 | |
Wingstop Inc. | 29,577 | 10,383 | |
Texas Roadhouse Inc. | 66,280 | 9,900 | |
Darden Restaurants Inc. | 55,896 | 9,542 | |
* | Royal Caribbean Cruises Ltd. | 69,849 | 8,616 |
Churchill Downs Inc. | 70,460 | 8,587 | |
Murphy USA Inc. | 18,383 | 7,666 | |
* | Crocs Inc. | 60,365 | 7,380 |
* | Lyft Inc. Class A | 341,722 | 5,426 |
TKO Group Holdings Inc. | 60,296 | 5,049 | |
* | Etsy Inc. | 68,779 | 4,931 |
H&R Block Inc. | 93,993 | 4,601 | |
Service Corp. International | 53,625 | 3,925 | |
* | American Airlines Group Inc. | 244,141 | 3,828 |
* | Caesars Entertainment Inc. | 85,105 | 3,699 |
* | YETI Holdings Inc. | 86,676 | 3,557 |
* | Live Nation Entertainment Inc. | 35,471 | 3,440 |
* | BJ's Wholesale Club Holdings Inc. | 46,315 | 3,383 |
Choice Hotels International Inc. | 29,939 | 3,351 | |
Wendy's Co. | 172,829 | 3,130 | |
* | Planet Fitness Inc. Class A | 40,709 | 2,526 |
* | SiteOne Landscape Supply Inc. | 13,869 | 2,337 |
U-Haul Holding Co. | 35,985 | 2,288 | |
Best Buy Co. Inc. | 25,851 | 2,091 | |
* | NVR Inc. | 258 | 1,967 |
* | Norwegian Cruise Line Holdings Ltd. | 99,320 | 1,926 |
Williams-Sonoma Inc. | 7,977 | 1,879 | |
Nexstar Media Group Inc. | 10,980 | 1,824 |
Shares | Market Value• ($000) | ||
Tempur Sealy International Inc. | 33,163 | 1,806 | |
* | Wayfair Inc. Class A | 28,188 | 1,680 |
* | Ollie's Bargain Outlet Holdings Inc. | 19,419 | 1,557 |
eBay Inc. | 32,337 | 1,529 | |
* | Peloton Interactive Inc. Class A | 328,330 | 1,484 |
Travel & Leisure Co. | 30,308 | 1,354 | |
Delta Air Lines Inc. | 31,086 | 1,314 | |
* | Grand Canyon Education Inc. | 7,922 | 1,068 |
* | Victoria's Secret & Co. | 33,529 | 958 |
Vail Resorts Inc. | 3,486 | 803 | |
* | Bright Horizons Family Solutions Inc. | 6,735 | 774 |
Dick's Sporting Goods Inc. | 4,150 | 738 | |
Avis Budget Group Inc. | 6,540 | 707 | |
* | Cava Group Inc. | 11,996 | 701 |
* | CarMax Inc. | 8,504 | 672 |
Tapestry Inc. | 13,846 | 658 | |
* | RH | 2,377 | 652 |
Wynn Resorts Ltd. | 5,908 | 621 | |
* | Skechers USA Inc. Class A | 8,807 | 544 |
Polaris Inc. | 4,473 | 415 | |
Wyndham Hotels & Resorts Inc. | 5,374 | 411 | |
*,1 | Birkenstock Holding plc | 8,055 | 403 |
* | U-Haul Holding Co. (XNYS) | 5,494 | 354 |
* | Playtika Holding Corp. | 18,095 | 134 |
4,927,367 | |||
Consumer Staples (2.5%) | |||
PepsiCo Inc. | 943,912 | 156,066 | |
Coca-Cola Co. | 1,914,744 | 114,923 | |
Procter & Gamble Co. | 438,670 | 69,722 | |
* | Monster Beverage Corp. | 736,476 | 43,526 |
Sysco Corp. | 502,776 | 40,710 | |
Kimberly-Clark Corp. | 314,274 | 38,080 | |
Cencora Inc. | 160,102 | 37,720 | |
McKesson Corp. | 51,141 | 26,665 | |
Church & Dwight Co. Inc. | 216,711 | 21,697 | |
Hershey Co. | 110,132 | 20,696 | |
Clorox Co. | 122,580 | 18,793 | |
Lamb Weston Holdings Inc. | 135,855 | 13,886 | |
* | Celsius Holdings Inc. | 142,278 | 11,613 |
Kenvue Inc. | 583,116 | 11,079 | |
Brown-Forman Corp. Class B | 145,574 | 8,768 | |
* | Performance Food Group Co. | 71,650 | 5,500 |
Constellation Brands Inc. Class A | 16,179 | 4,021 | |
* | Boston Beer Co. Inc. Class A | 8,591 | 2,647 |
Brown-Forman Corp. Class A | 38,722 | 2,321 | |
Casey's General Stores Inc. | 5,142 | 1,566 | |
* | Freshpet Inc. | 11,436 | 1,293 |
Shares | Market Value• ($000) | ||
Albertsons Cos. Inc. Class A | 33,974 | 689 | |
651,981 | |||
Energy (0.5%) | |||
Cheniere Energy Inc. | 237,547 | 36,867 | |
Hess Corp. | 153,790 | 22,415 | |
Targa Resources Corp. | 219,392 | 21,553 | |
* | Enphase Energy Inc. | 131,841 | 16,745 |
Texas Pacific Land Corp. | 6,024 | 9,490 | |
APA Corp. | 270,029 | 8,044 | |
Halliburton Co. | 179,812 | 6,306 | |
Ovintiv Inc. (XNYS) | 113,648 | 5,615 | |
ONEOK Inc. | 31,013 | 2,330 | |
1 | New Fortress Energy Inc. | 63,401 | 2,229 |
Antero Midstream Corp. | 107,297 | 1,438 | |
*,1 | ChargePoint Holdings Inc. | 290,647 | 602 |
133,634 | |||
Financials (2.5%) | |||
Blackstone Inc. | 706,600 | 90,318 | |
Progressive Corp. | 434,017 | 82,272 | |
Marsh & McLennan Cos. Inc. | 392,939 | 79,480 | |
Apollo Global Management Inc. | 516,878 | 57,787 | |
Moody's Corp. | 143,486 | 54,442 | |
Ameriprise Financial Inc. | 101,588 | 41,383 | |
Ares Management Corp. Class A | 161,716 | 21,448 | |
MSCI Inc. | 38,013 | 21,324 | |
LPL Financial Holdings Inc. | 74,605 | 19,986 | |
Broadridge Financial Solutions Inc. | 97,113 | 19,770 | |
* | NU Holdings Ltd. Class A | 1,587,039 | 17,584 |
FactSet Research Systems Inc. | 37,964 | 17,561 | |
KKR & Co. Inc. | 161,818 | 15,900 | |
Equitable Holdings Inc. | 343,791 | 11,771 | |
S&P Global Inc. | 26,373 | 11,298 | |
Kinsale Capital Group Inc. | 21,634 | 11,167 | |
MarketAxess Holdings Inc. | 36,688 | 7,830 | |
Brown & Brown Inc. | 91,366 | 7,694 | |
Morningstar Inc. | 25,426 | 7,592 | |
Primerica Inc. | 22,940 | 5,626 | |
* | Ryan Specialty Holdings Inc. | 95,383 | 4,996 |
* | Arch Capital Group Ltd. | 50,451 | 4,419 |
Tradeweb Markets Inc. Class A | 39,648 | 4,196 | |
Willis Towers Watson plc | 13,012 | 3,547 | |
RenaissanceRe Holdings Ltd. | 13,332 | 2,997 | |
Arthur J Gallagher & Co. | 11,300 | 2,756 | |
Everest Group Ltd. | 5,504 | 2,030 | |
First Citizens BancShares Inc. Class A | 1,150 | 1,810 |
Shares | Market Value• ($000) | ||
SLM Corp. | 85,536 | 1,782 | |
RLI Corp. | 8,281 | 1,213 | |
Blue Owl Capital Inc. | 64,390 | 1,157 | |
TPG Inc. | 20,232 | 897 | |
XP Inc. Class A | 26,352 | 623 | |
* | Rocket Cos. Inc. Class A | 39,914 | 501 |
Houlihan Lokey Inc. | 3,565 | 459 | |
Lincoln National Corp. | 15,271 | 421 | |
* | Brighthouse Financial Inc. | 6,353 | 296 |
1 | UWM Holdings Corp. | 29,525 | 188 |
636,521 | |||
Health Care (10.1%) | |||
Eli Lilly & Co. | 839,118 | 632,426 | |
UnitedHealth Group Inc. | 775,170 | 382,624 | |
AbbVie Inc. | 1,749,773 | 308,048 | |
Thermo Fisher Scientific Inc. | 235,716 | 134,401 | |
* | Intuitive Surgical Inc. | 346,405 | 133,574 |
Amgen Inc. | 360,221 | 98,639 | |
* | Vertex Pharmaceuticals Inc. | 233,680 | 98,319 |
Zoetis Inc. | 458,838 | 91,001 | |
Merck & Co. Inc. | 463,478 | 58,931 | |
* | Edwards Lifesciences Corp. | 596,854 | 50,655 |
* | IDEXX Laboratories Inc. | 81,644 | 46,964 |
* | DexCom Inc. | 383,235 | 44,099 |
* | IQVIA Holdings Inc. | 167,014 | 41,279 |
* | Veeva Systems Inc. Class A | 143,583 | 32,379 |
Agilent Technologies Inc. | 235,223 | 32,310 | |
Stryker Corp. | 89,405 | 31,209 | |
West Pharmaceutical Services Inc. | 73,300 | 26,268 | |
ResMed Inc. | 143,911 | 25,000 | |
* | Align Technology Inc. | 75,625 | 22,871 |
Humana Inc. | 53,658 | 18,797 | |
Elevance Health Inc. | 31,341 | 15,710 | |
* | Alnylam Pharmaceuticals Inc. | 98,390 | 14,866 |
Cardinal Health Inc. | 125,053 | 14,003 | |
Abbott Laboratories | 108,424 | 12,863 | |
HCA Healthcare Inc. | 40,797 | 12,716 | |
* | Neurocrine Biosciences Inc. | 95,590 | 12,465 |
* | Molina Healthcare Inc. | 31,223 | 12,299 |
* | Sarepta Therapeutics Inc. | 88,479 | 11,316 |
* | Insulet Corp. | 68,751 | 11,275 |
Bio-Techne Corp. | 145,232 | 10,685 | |
* | Karuna Therapeutics Inc. | 31,518 | 9,896 |
* | Shockwave Medical Inc. | 35,948 | 9,378 |
* | Natera Inc. | 106,369 | 9,200 |
* | Medpace Holdings Inc. | 23,062 | 9,168 |
Bruker Corp. | 105,138 | 9,099 | |
* | Penumbra Inc. | 35,959 | 8,448 |
* | Incyte Corp. | 134,527 | 7,851 |
Cigna Group | 21,493 | 7,225 | |
* | DaVita Inc. | 53,524 | 6,796 |
* | Regeneron Pharmaceuticals Inc. | 6,805 | 6,574 |
* | Illumina Inc. | 46,705 | 6,531 |
Shares | Market Value• ($000) | ||
Chemed Corp. | 10,251 | 6,418 | |
* | Apellis Pharmaceuticals Inc. | 100,003 | 6,197 |
* | Masimo Corp. | 42,930 | 5,518 |
* | Ionis Pharmaceuticals Inc. | 121,316 | 5,485 |
* | Inspire Medical Systems Inc. | 28,446 | 5,093 |
* | Exelixis Inc. | 230,794 | 5,054 |
* | Repligen Corp. | 24,400 | 4,733 |
* | 10X Genomics Inc. Class A | 92,068 | 4,294 |
* | Ultragenyx Pharmaceutical Inc. | 78,593 | 4,065 |
* | ICON plc | 12,138 | 3,892 |
* | Roivant Sciences Ltd. | 335,524 | 3,838 |
* | Jazz Pharmaceuticals plc | 31,760 | 3,776 |
* | Exact Sciences Corp. | 61,974 | 3,565 |
GE Healthcare Inc. | 30,350 | 2,770 | |
* | BioMarin Pharmaceutical Inc. | 21,471 | 1,853 |
* | Globus Medical Inc. Class A | 32,840 | 1,773 |
* | Novocure Ltd. | 103,031 | 1,577 |
* | agilon health Inc. | 254,758 | 1,562 |
* | Doximity Inc. Class A | 50,806 | 1,434 |
* | Sotera Health Co. | 67,478 | 1,013 |
* | Certara Inc. | 42,548 | 718 |
Encompass Health Corp. | 6,308 | 469 | |
* | Maravai LifeSciences Holdings Inc. Class A | 60,264 | 466 |
* | Ginkgo Bioworks Holdings Inc. | 142,079 | 216 |
* | Tandem Diabetes Care Inc. | 7,679 | 205 |
2,604,142 | |||
Industrials (9.9%) | |||
Visa Inc. Class A | 1,581,689 | 447,049 | |
Mastercard Inc. Class A | 823,290 | 390,865 | |
Accenture plc Class A | 626,497 | 234,799 | |
Caterpillar Inc. | 379,493 | 126,735 | |
Lockheed Martin Corp. | 219,679 | 94,075 | |
Deere & Co. | 245,644 | 89,672 | |
Automatic Data Processing Inc. | 351,980 | 88,393 | |
Union Pacific Corp. | 258,615 | 65,608 | |
Sherwin-Williams Co. | 196,278 | 65,170 | |
Illinois Tool Works Inc. | 241,913 | 63,417 | |
* | PayPal Holdings Inc. | 986,036 | 59,497 |
Cintas Corp. | 76,391 | 48,020 | |
WW Grainger Inc. | 43,828 | 42,665 | |
American Express Co. | 188,999 | 41,470 | |
Old Dominion Freight Line Inc. | 91,028 | 40,278 | |
Paychex Inc. | 319,503 | 39,177 | |
Verisk Analytics Inc. | 141,531 | 34,236 | |
Rockwell Automation Inc. | 113,783 | 32,437 | |
* | Fair Isaac Corp. | 24,019 | 30,502 |
United Parcel Service Inc. Class B (XNYS) | 199,279 | 29,545 | |
* | Mettler-Toledo International Inc. | 21,599 | 26,939 |
* | Fiserv Inc. | 162,331 | 24,231 |
Equifax Inc. | 83,632 | 22,881 | |
* | Axon Enterprise Inc. | 69,752 | 21,440 |
Shares | Market Value• ($000) | ||
* | Waters Corp. | 58,004 | 19,572 |
Trane Technologies plc | 66,801 | 18,836 | |
Booz Allen Hamilton Holding Corp. | 127,173 | 18,785 | |
* | FleetCor Technologies Inc. | 66,315 | 18,520 |
Honeywell International Inc. | 85,145 | 16,921 | |
* | Block Inc. (XNYS) | 200,018 | 15,895 |
* | Boeing Co. | 75,119 | 15,303 |
Lincoln Electric Holdings Inc. | 51,748 | 13,279 | |
HEICO Corp. Class A | 72,047 | 11,210 | |
Advanced Drainage Systems Inc. | 67,798 | 11,067 | |
Allegion plc | 80,778 | 10,329 | |
TransDigm Group Inc. | 8,750 | 10,305 | |
* | Trex Co. Inc. | 107,917 | 9,902 |
Toro Co. | 103,289 | 9,535 | |
United Rentals Inc. | 13,748 | 9,531 | |
Hubbell Inc. | 24,217 | 9,219 | |
Quanta Services Inc. | 37,458 | 9,046 | |
PPG Industries Inc. | 58,485 | 8,281 | |
CSX Corp. | 216,240 | 8,204 | |
HEICO Corp. | 40,450 | 7,823 | |
Vulcan Materials Co. | 28,773 | 7,649 | |
* | Paylocity Holding Corp. | 41,579 | 7,011 |
* | Keysight Technologies Inc. | 45,192 | 6,973 |
CH Robinson Worldwide Inc. | 88,947 | 6,589 | |
Graco Inc. | 68,017 | 6,207 | |
Eagle Materials Inc. | 22,698 | 5,755 | |
Landstar System Inc. | 28,142 | 5,353 | |
EMCOR Group Inc. | 16,044 | 5,030 | |
* | Shift4 Payments Inc. Class A | 53,430 | 4,393 |
* | WEX Inc. | 19,800 | 4,351 |
Graphic Packaging Holding Co. | 163,582 | 4,245 | |
Jack Henry & Associates Inc. | 23,122 | 4,018 | |
Northrop Grumman Corp. | 8,170 | 3,767 | |
Donaldson Co. Inc. | 51,311 | 3,675 | |
Xylem Inc. | 28,564 | 3,629 | |
JB Hunt Transport Services Inc. | 16,478 | 3,400 | |
Watsco Inc. | 8,246 | 3,250 | |
RPM International Inc. | 24,723 | 2,852 | |
Sealed Air Corp. | 80,687 | 2,814 | |
* | Euronet Worldwide Inc. | 22,907 | 2,507 |
* | Zebra Technologies Corp. Class A | 8,866 | 2,478 |
Expeditors International of Washington Inc. | 19,363 | 2,316 | |
* | WillScot Mobile Mini Holdings Corp. | 47,011 | 2,245 |
Ferguson plc | 10,592 | 2,240 | |
Otis Worldwide Corp. | 23,407 | 2,231 | |
Vontier Corp. | 51,018 | 2,194 | |
Tetra Tech Inc. | 9,153 | 1,623 | |
* | Saia Inc. | 2,780 | 1,600 |
BWX Technologies Inc. | 15,043 | 1,517 | |
Armstrong World Industries Inc. | 12,123 | 1,462 | |
Genpact Ltd. | 42,524 | 1,446 | |
IDEX Corp. | 5,711 | 1,347 |
Shares | Market Value• ($000) | ||
* | FTI Consulting Inc. | 5,960 | 1,233 |
MSA Safety Inc. | 5,955 | 1,097 | |
A O Smith Corp. | 12,262 | 1,016 | |
* | TopBuild Corp. | 1,920 | 773 |
* | Axalta Coating Systems Ltd. | 22,428 | 734 |
Western Union Co. | 52,145 | 699 | |
Allison Transmission Holdings Inc. | 8,153 | 614 | |
Brunswick Corp. | 5,151 | 450 | |
Ardagh Metal Packaging SA | 126,405 | 415 | |
* | Spirit AeroSystems Holdings Inc. Class A | 10,226 | 292 |
Valmont Industries Inc. | 1,295 | 274 | |
2,534,428 | |||
Real Estate (0.9%) | |||
American Tower Corp. | 461,423 | 91,759 | |
Equinix Inc. | 46,427 | 41,265 | |
Public Storage | 90,234 | 25,615 | |
* | CoStar Group Inc. | 172,371 | 15,001 |
Iron Mountain Inc. | 142,080 | 11,173 | |
Simon Property Group Inc. | 70,190 | 10,398 | |
Lamar Advertising Co. Class A | 66,565 | 7,359 | |
Crown Castle Inc. | 45,716 | 5,026 | |
Equity LifeStyle Properties Inc. | 58,741 | 3,954 | |
Sun Communities Inc. | 27,024 | 3,615 | |
SBA Communications Corp. | 10,385 | 2,173 | |
UDR Inc. | 17,491 | 621 | |
217,959 | |||
Technology (53.0%) | |||
Microsoft Corp. | 7,379,253 | 3,052,354 | |
Apple Inc. | 14,621,716 | 2,642,875 | |
NVIDIA Corp. | 2,356,010 | 1,863,887 | |
Meta Platforms Inc. Class A | 2,193,217 | 1,074,961 | |
* | Alphabet Inc. Class A | 5,891,517 | 815,739 |
* | Alphabet Inc. Class C | 4,977,419 | 695,744 |
Broadcom Inc. | 427,517 | 555,981 | |
* | Adobe Inc. | 454,349 | 254,563 |
* | Salesforce Inc. | 707,630 | 218,530 |
Intuit Inc. | 270,937 | 179,601 | |
* | Advanced Micro Devices Inc. | 904,335 | 174,112 |
* | ServiceNow Inc. | 201,899 | 155,733 |
QUALCOMM Inc. | 964,629 | 152,209 | |
Applied Materials Inc. | 700,081 | 141,150 | |
Lam Research Corp. | 123,537 | 115,909 | |
* | Palo Alto Networks Inc. | 298,831 | 92,802 |
KLA Corp. | 136,006 | 92,797 | |
* | Synopsys Inc. | 150,678 | 86,448 |
* | Cadence Design Systems Inc. | 267,968 | 81,564 |
Oracle Corp. | 628,822 | 70,227 | |
* | Crowdstrike Holdings Inc. Class A | 211,621 | 68,597 |
Texas Instruments Inc. | 367,449 | 61,485 | |
* | Snowflake Inc. Class A | 311,643 | 58,676 |
* | Workday Inc. Class A | 199,014 | 58,641 |
* | Autodesk Inc. | 212,960 | 54,980 |
* | Palantir Technologies Inc. Class A | 1,886,990 | 47,326 |
* | Fortinet Inc. | 651,046 | 44,994 |
Shares | Market Value• ($000) | ||
* | Datadog Inc. Class A | 270,525 | 35,563 |
* | Gartner Inc. | 76,003 | 35,384 |
Monolithic Power Systems Inc. | 45,568 | 32,811 | |
Microchip Technology Inc. | 380,133 | 31,984 | |
* | Atlassian Corp. Ltd. Class A | 153,605 | 31,861 |
Amphenol Corp. Class A | 290,650 | 31,751 | |
CDW Corp. | 126,185 | 31,068 | |
* | MongoDB Inc. | 66,372 | 29,707 |
* | DoorDash Inc. Class A | 237,338 | 29,565 |
* | Cloudflare Inc. Class A | 288,011 | 28,381 |
* | HubSpot Inc. | 45,271 | 28,014 |
* | Splunk Inc. | 154,161 | 24,083 |
* | ANSYS Inc. | 70,942 | 23,707 |
* | Pinterest Inc. Class A | 579,839 | 21,280 |
* | Zscaler Inc. | 87,609 | 21,199 |
* | EPAM Systems Inc. | 55,167 | 16,793 |
* | Manhattan Associates Inc. | 61,013 | 15,456 |
* | Tyler Technologies Inc. | 31,228 | 13,651 |
Teradyne Inc. | 127,398 | 13,197 | |
* | Dynatrace Inc. | 238,092 | 11,797 |
* | Pure Storage Inc. Class A | 220,639 | 11,617 |
Jabil Inc. | 77,579 | 11,178 | |
* | PTC Inc. | 59,300 | 10,852 |
* | DocuSign Inc. | 200,425 | 10,677 |
* | Elastic NV | 78,582 | 10,515 |
* | Lattice Semiconductor Corp. | 134,954 | 10,339 |
* | GoDaddy Inc. Class A | 88,140 | 10,061 |
Paycom Software Inc. | 51,230 | 9,344 | |
Bentley Systems Inc. Class B | 178,701 | 9,180 | |
* | Globant SA | 40,791 | 9,103 |
* | Match Group Inc. | 249,088 | 8,977 |
* | Toast Inc. Class A | 351,085 | 8,075 |
NetApp Inc. | 83,274 | 7,421 | |
* | UiPath Inc. Class A | 289,219 | 6,869 |
* | Gitlab Inc. Class A | 86,838 | 6,263 |
* | Confluent Inc. Class A | 184,316 | 6,243 |
* | Procore Technologies Inc. | 78,973 | 6,162 |
* | Dropbox Inc. Class A | 227,460 | 5,448 |
* | Smartsheet Inc. Class A | 126,884 | 5,356 |
HP Inc. | 175,594 | 4,975 | |
* | Five9 Inc. | 70,515 | 4,301 |
* | DoubleVerify Holdings Inc. | 136,206 | 4,207 |
* | Teradata Corp. | 99,092 | 3,728 |
* | Nutanix Inc. Class A | 58,767 | 3,712 |
Universal Display Corp. | 21,058 | 3,673 | |
* | Unity Software Inc. | 114,716 | 3,363 |
* | AppLovin Corp. Class A | 53,219 | 3,178 |
* | Alteryx Inc. Class A | 61,050 | 2,933 |
* | RingCentral Inc. Class A | 85,384 | 2,853 |
KBR Inc. | 47,314 | 2,840 | |
Pegasystems Inc. | 40,989 | 2,666 | |
* | ZoomInfo Technologies Inc. | 152,638 | 2,558 |
* | Allegro MicroSystems Inc. | 73,317 | 2,309 |
Gen Digital Inc. (XNGS) | 84,345 | 1,812 |
Shares | Market Value• ($000) | ||
* | HashiCorp Inc. Class A | 64,712 | 1,687 |
Vertiv Holdings Co. Class A | 24,594 | 1,663 | |
* | Twilio Inc. Class A | 27,217 | 1,622 |
* | Okta Inc. | 9,419 | 1,011 |
Entegris Inc. | 7,240 | 973 | |
* | VeriSign Inc. | 4,546 | 888 |
* | SentinelOne Inc. Class A | 30,658 | 864 |
* | Ceridian HCM Holding Inc. | 12,003 | 837 |
* | Paycor HCM Inc. | 27,829 | 588 |
* | Maplebear Inc. | 13,970 | 455 |
* | nCino Inc. | 5,533 | 165 |
* | Informatica Inc. Class A | 3,185 | 104 |
13,642,782 | |||
Telecommunications (0.6%) | |||
* | Arista Networks Inc. | 248,661 | 69,013 |
Motorola Solutions Inc. | 150,703 | 49,791 | |
* | Charter Communications Inc. Class A | 99,810 | 29,337 |
Iridium Communications Inc. | 114,524 | 3,315 | |
* | Liberty Broadband Corp. Class C | 23,996 | 1,444 |
* | Roku Inc. | 14,922 | 943 |
Ubiquiti Inc. | 3,302 | 387 | |
Cable One Inc. | 357 | 163 | |
* | Liberty Broadband Corp. Class A | 2,706 | 163 |
154,556 | |||
Utilities (0.3%) | |||
Waste Management Inc. | 362,512 | 74,551 | |
AES Corp. | 403,011 | 6,126 | |
Vistra Corp. | 105,340 | 5,745 | |
86,422 | |||
Total Common Stocks (Cost $16,941,104) | 25,701,753 | ||
Temporary Cash Investments (0.1%) | |||
Money Market Fund (0.1%) | |||
2,3 | Vanguard Market Liquidity Fund, 5.400% (Cost $24,629) | 246,321 | 24,629 |
Total Investments (100.0%) (Cost $16,965,733) | 25,726,382 | ||
Other Assets and Liabilities—Net (0.0%) | (3,602) | ||
Net Assets (100%) | 25,722,780 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $1,608,000. |
2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
3 | Collateral of $1,691,000 was received for securities on loan. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
E-mini S&P 500 Index | March 2024 | 82 | 20,925 | 154 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $16,941,104) | 25,701,753 |
Affiliated Issuers (Cost $24,629) | 24,629 |
Total Investments in Securities | 25,726,382 |
Investment in Vanguard | 749 |
Cash Collateral Pledged—Futures Contracts | 1,610 |
Receivables for Investment Securities Sold | 278 |
Receivables for Accrued Income | 17,366 |
Receivables for Capital Shares Issued | 2,298 |
Variation Margin Receivable—Futures Contracts | 141 |
Total Assets | 25,748,824 |
Liabilities | |
Due to Custodian | 267 |
Payables for Investment Securities Purchased | 51 |
Collateral for Securities on Loan | 1,691 |
Payables for Capital Shares Redeemed | 23,286 |
Payables to Vanguard | 749 |
Total Liabilities | 26,044 |
Net Assets | 25,722,780 |
1 Includes $1,608,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 17,619,276 |
Total Distributable Earnings (Loss) | 8,103,504 |
Net Assets | 25,722,780 |
ETF Shares—Net Assets | |
Applicable to 222,406,844 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 18,986,915 |
Net Asset Value Per Share—ETF Shares | $85.37 |
Institutional Shares—Net Assets | |
Applicable to 10,257,507 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 6,735,865 |
Net Asset Value Per Share—Institutional Shares | $656.68 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 83,623 |
Interest2 | 787 |
Securities Lending—Net | 54 |
Total Income | 84,464 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 227 |
Management and Administrative—ETF Shares | 5,380 |
Management and Administrative—Institutional Shares | 1,371 |
Marketing and Distribution—ETF Shares | 413 |
Marketing and Distribution—Institutional Shares | 84 |
Custodian Fees | 76 |
Shareholders’ Reports—ETF Shares | 260 |
Shareholders’ Reports—Institutional Shares | 9 |
Trustees’ Fees and Expenses | 8 |
Other Expenses | 9 |
Total Expenses | 7,837 |
Expenses Paid Indirectly | (15) |
Net Expenses | 7,822 |
Net Investment Income | 76,642 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 272,400 |
Futures Contracts | 2,476 |
Realized Net Gain (Loss) | 274,876 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 3,399,172 |
Futures Contracts | 2 |
Change in Unrealized Appreciation (Depreciation) | 3,399,174 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 3,750,692 |
1 | Dividends are net of foreign withholding taxes of $17,000. |
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 $756,000, ($5,000), less than $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $249,431,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 76,642 | 126,251 | |
Realized Net Gain (Loss) | 274,876 | 383,172 | |
Change in Unrealized Appreciation (Depreciation) | 3,399,174 | 2,713,994 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 3,750,692 | 3,223,417 | |
Distributions | |||
ETF Shares | (60,576) | (90,542) | |
Institutional Shares | (15,288) | (27,545) | |
Total Distributions | (75,864) | (118,087) | |
Capital Share Transactions | |||
ETF Shares | 2,460,681 | 3,874,680 | |
Institutional Shares | 2,222,119 | 320,229 | |
Net Increase (Decrease) from Capital Share Transactions | 4,682,800 | 4,194,909 | |
Total Increase (Decrease) | 8,357,628 | 7,300,239 | |
Net Assets | |||
Beginning of Period | 17,365,152 | 10,064,913 | |
End of Period | 25,722,780 | 17,365,152 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 20211 | 20201 | 20191 | ||
Net Asset Value, Beginning of Period | $72.51 | $60.05 | $74.77 | $58.66 | $41.14 | $39.89 |
Investment Operations | ||||||
Net Investment Income2 | .286 | .578 | .523 | .460 | .475 | .481 |
Net Realized and Unrealized Gain (Loss) on Investments | 12.868 | 12.437 | (14.754) | 16.099 | 17.530 | 1.177 |
Total from Investment Operations | 13.154 | 13.015 | (14.231) | 16.559 | 18.005 | 1.658 |
Distributions | ||||||
Dividends from Net Investment Income | (.294) | (.555) | (.489) | (.449) | (.485) | (.408) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.294) | (.555) | (.489) | (.449) | (.485) | (.408) |
Net Asset Value, End of Period | $85.37 | $72.51 | $60.05 | $74.77 | $58.66 | $41.14 |
Total Return | 18.21% | 21.87% | -19.11% | 28.40% | 44.18% | 4.20% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $18,987 | $13,652 | $7,311 | $7,455 | $4,951 | $2,872 |
Ratio of Total Expenses to Average Net Assets | 0.08%3 | 0.08% | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 0.73% | 0.92% | 0.77% | 0.72% | 1.04% | 1.25% |
Portfolio Turnover Rate4 | 1% | 14% | 13% | 14% | 14% | 17% |
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 | The ratio of expenses to average net assets for the period net of reduction from custody fee offset arrangements was 0.08%. |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $557.73 | $461.93 | $575.10 | $451.15 | $316.39 | $306.82 |
Investment Operations | ||||||
Net Investment Income1 | 2.231 | 4.482 | 4.036 | 3.573 | 3.695 | 3.711 |
Net Realized and Unrealized Gain (Loss) on Investments | 99.000 | 95.622 | (113.399) | 123.861 | 134.792 | 9.061 |
Total from Investment Operations | 101.231 | 100.104 | (109.363) | 127.434 | 138.487 | 12.772 |
Distributions | ||||||
Dividends from Net Investment Income | (2.281) | (4.304) | (3.807) | (3.484) | (3.727) | (3.202) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.281) | (4.304) | (3.807) | (3.484) | (3.727) | (3.202) |
Net Asset Value, End of Period | $656.68 | $557.73 | $461.93 | $575.10 | $451.15 | $316.39 |
Total Return | 18.21% | 21.86% | -19.09% | 28.42% | 44.24% | 4.21% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $6,736 | $3,713 | $2,754 | $3,573 | $3,542 | $3,076 |
Ratio of Total Expenses to Average Net Assets | 0.07%2 | 0.07% | 0.07% | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 0.74% | 0.94% | 0.77% | 0.74% | 1.06% | 1.26% |
Portfolio Turnover Rate3 | 1% | 14% | 13% | 14% | 14% | 17% |
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 0.07%. |
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 29, 2024, custodian fee offset arrangements reduced the fund’s expenses by $15,000 (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. |
E. | As of February 29, 2024, 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 | 16,983,897 |
Gross Unrealized Appreciation | 8,901,150 |
Gross Unrealized Depreciation | (158,511) |
Net Unrealized Appreciation (Depreciation) | 8,742,639 |
F. | During the six months ended February 29, 2024, the fund purchased $2,552,910,000 of investment securities and sold $238,876,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $2,743,569,000 and $376,773,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 2,837,549 | 38,950 | 5,340,020 | 88,875 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (376,868) | (4,825) | (1,465,340) | (22,325) | |
Net Increase (Decrease)—ETF Shares | 2,460,681 | 34,125 | 3,874,680 | 66,550 | |
Institutional Shares | |||||
Issued | 2,572,014 | 4,195 | 877,284 | 1,872 | |
Issued in Lieu of Cash Distributions | 13,851 | 24 | 24,974 | 54 | |
Redeemed | (363,746) | (619) | (582,029) | (1,231) | |
Net Increase (Decrease)—Institutional Shares | 2,222,119 | 3,600 | 320,229 | 695 |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
All rights reserved.
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 | 34 |
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 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Russell 2000 Index Fund | |||
ETF Shares | $1,000.00 | $1,089.80 | $0.52 |
Institutional Shares | 1,000.00 | 1,090.00 | 0.42 |
Russell 2000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,076.80 | $0.77 |
Institutional Shares | 1,000.00 | 1,077.20 | 0.41 |
Russell 2000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,102.20 | $0.78 |
Institutional Shares | 1,000.00 | 1,102.60 | 0.42 |
Based on Hypothetical 5% Yearly Return | |||
Russell 2000 Index Fund | |||
ETF Shares | $1,000.00 | $1,024.37 | $0.50 |
Institutional Shares | 1,000.00 | 1,024.47 | 0.40 |
Russell 2000 Value Index Fund | |||
ETF Shares | $1,000.00 | $1,024.12 | $0.75 |
Institutional Shares | 1,000.00 | 1,024.47 | 0.40 |
Russell 2000 Growth Index Fund | |||
ETF Shares | $1,000.00 | $1,024.12 | $0.75 |
Institutional Shares | 1,000.00 | 1,024.47 | 0.40 |
Basic Materials | 3.8% |
Consumer Discretionary | 13.3 |
Consumer Staples | 2.8 |
Energy | 7.4 |
Financials | 14.9 |
Health Care | 15.6 |
Industrials | 19.0 |
Real Estate | 5.8 |
Technology | 13.5 |
Telecommunications | 1.3 |
Utilities | 2.6 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.3%) | |||
Basic Materials (3.8%) | |||
UFP Industries Inc. | 218,477 | 25,044 | |
Commercial Metals Co. | 426,393 | 23,025 | |
Mueller Industries Inc. | 407,944 | 20,960 | |
* | Arcadium Lithium plc | 3,722,540 | 20,437 |
Boise Cascade Co. | 144,644 | 19,659 | |
Balchem Corp. | 116,652 | 18,337 | |
Cabot Corp. | 201,307 | 17,101 | |
Avient Corp. | 328,945 | 13,316 | |
Carpenter Technology Corp. | 177,890 | 11,501 | |
Innospec Inc. | 90,770 | 11,280 | |
Sensient Technologies Corp. | 153,359 | 10,257 | |
Quaker Chemical Corp. | 50,445 | 10,114 | |
Materion Corp. | 74,573 | 10,017 | |
* | Constellium SE | 468,574 | 9,086 |
* | Uranium Energy Corp. | 1,375,533 | 8,913 |
Minerals Technologies Inc. | 118,366 | 8,565 | |
Sylvamo Corp. | 130,516 | 7,884 | |
Hecla Mining Co. | 2,223,403 | 7,871 | |
Stepan Co. | 77,476 | 6,911 | |
Tronox Holdings plc | 426,062 | 6,263 | |
* | Ingevity Corp. | 132,819 | 6,067 |
Hawkins Inc. | 70,473 | 4,951 | |
Orion SA | 201,231 | 4,536 | |
Kaiser Aluminum Corp. | 58,131 | 4,216 | |
Koppers Holdings Inc. | 73,276 | 4,149 | |
*,1 | Energy Fuels Inc. | 571,437 | 3,617 |
* | Worthington Steel Inc. | 112,617 | 3,565 |
Mativ Holdings Inc. | 198,717 | 3,452 | |
* | TimkenSteel Corp. | 158,021 | 3,437 |
* | Perimeter Solutions SA | 555,485 | 3,377 |
* | Ecovyst Inc. | 336,725 | 3,249 |
Ryerson Holding Corp. | 102,342 | 3,232 | |
* | US Silica Holdings Inc. | 274,609 | 3,158 |
* | Coeur Mining Inc. | 1,203,813 | 3,118 |
Compass Minerals International Inc. | 124,601 | 2,841 | |
Haynes International Inc. | 45,323 | 2,694 | |
AdvanSix Inc. | 94,941 | 2,656 | |
Olympic Steel Inc. | 35,854 | 2,439 | |
* | Clearwater Paper Corp. | 59,397 | 2,334 |
* | Novagold Resources Inc. | 879,122 | 2,180 |
* | Encore Energy Corp. | 533,825 | 2,061 |
* | Century Aluminum Co. | 191,351 | 2,003 |
Radius Recycling Inc. | 94,195 | 1,861 | |
*,1 | Ivanhoe Electric Inc. | 229,745 | 1,700 |
Shares | Market Value• ($000) | ||
* | LSB Industries Inc. | 195,467 | 1,439 |
GrafTech International Ltd. | 704,972 | 1,241 | |
* | Northwest Pipe Co. | 36,149 | 1,078 |
American Vanguard Corp. | 98,445 | 1,055 | |
* | Piedmont Lithium Inc. | 65,100 | 948 |
*,1 | i-80 Gold Corp. | 704,287 | 887 |
Omega Flex Inc. | 12,163 | 847 | |
* | Intrepid Potash Inc. | 38,873 | 819 |
* | Rayonier Advanced Materials Inc. | 232,708 | 789 |
1 | Caledonia Mining Corp. plc | 60,264 | 596 |
FutureFuel Corp. | 94,016 | 557 | |
*,1 | Contango ORE Inc. | 28,128 | 476 |
* | Dakota Gold Corp. | 204,687 | 434 |
Tredegar Corp. | 98,450 | 428 | |
*,1 | Perpetua Resources Corp. | 135,496 | 392 |
* | Glatfelter Corp. | 158,586 | 354 |
*,1 | 5e Advanced Materials Inc. | 140,989 | 255 |
* | Origin Materials Inc. | 423,338 | 251 |
*,1 | LanzaTech Global Inc. | 74,131 | 239 |
Valhi Inc. | 8,828 | 120 | |
* | NioCorp Developments Ltd. | 7,987 | 21 |
356,660 | |||
Consumer Discretionary (13.2%) | |||
* | e.l.f. Beauty Inc. | 196,191 | 40,912 |
* | Light & Wonder Inc. | 332,197 | 33,389 |
*,1 | Carvana Co. | 349,179 | 26,513 |
* | Duolingo Inc. | 106,098 | 25,357 |
* | Abercrombie & Fitch Co. Class A | 177,537 | 22,682 |
* | Taylor Morrison Home Corp. | 377,049 | 21,345 |
Meritage Homes Corp. | 132,417 | 20,877 | |
Academy Sports & Outdoors Inc. | 263,249 | 19,670 | |
KB Home | 259,244 | 17,222 | |
Signet Jewelers Ltd. | 162,389 | 16,525 | |
* | Skyline Champion Corp. | 195,034 | 16,342 |
* | Asbury Automotive Group Inc. | 75,633 | 15,794 |
American Eagle Outfitters Inc. | 664,779 | 15,789 | |
* | Shake Shack Inc. Class A | 137,212 | 14,588 |
MDC Holdings Inc. | 218,216 | 13,682 | |
Group 1 Automotive Inc. | 49,716 | 13,456 |
Shares | Market Value• ($000) | ||
* | Hilton Grand Vacations Inc. | 292,369 | 13,122 |
* | M/I Homes Inc. | 98,256 | 12,478 |
* | Tri Pointe Homes Inc. | 350,016 | 12,384 |
* | Goodyear Tire & Rubber Co. | 1,024,557 | 12,172 |
Kontoor Brands Inc. | 204,404 | 12,082 | |
* | Cavco Industries Inc. | 31,830 | 11,859 |
Steven Madden Ltd. | 273,573 | 11,714 | |
* | Adient plc | 341,238 | 11,582 |
* | Visteon Corp. | 100,320 | 11,348 |
LCI Industries | 90,070 | 11,347 | |
Rush Enterprises Inc. Class A | 222,924 | 10,856 | |
* | Helen of Troy Ltd. | 86,505 | 10,813 |
International Game Technology plc | 395,054 | 10,734 | |
TEGNA Inc. | 734,928 | 10,296 | |
Foot Locker Inc. | 298,971 | 10,294 | |
Red Rock Resorts Inc. Class A | 173,105 | 10,038 | |
* | Boot Barn Holdings Inc. | 108,366 | 10,024 |
Inter Parfums Inc. | 66,972 | 9,826 | |
* | Urban Outfitters Inc. | 232,105 | 9,644 |
* | SkyWest Inc. | 147,232 | 9,455 |
* | frontdoor Inc. | 295,091 | 9,254 |
* | Stride Inc. | 154,301 | 9,219 |
Graham Holdings Co. Class B | 13,110 | 9,208 | |
Strategic Education Inc. | 82,225 | 9,110 | |
* | Dorman Products Inc. | 95,754 | 9,022 |
Century Communities Inc. | 103,676 | 8,946 | |
* | Sonos Inc. | 462,224 | 8,764 |
* | LGI Homes Inc. | 75,989 | 8,670 |
Bloomin' Brands Inc. | 318,721 | 8,663 | |
Papa John's International Inc. | 119,383 | 8,582 | |
* | ACV Auctions Inc. Class A | 462,287 | 8,206 |
MillerKnoll Inc. | 268,490 | 8,202 | |
* | Dave & Buster's Entertainment Inc. | 131,537 | 8,121 |
* | JetBlue Airways Corp. | 1,223,011 | 7,925 |
* | Fox Factory Holding Corp. | 155,099 | 7,846 |
PriceSmart Inc. | 91,448 | 7,694 | |
* | Coursera Inc. | 473,603 | 7,611 |
Winnebago Industries Inc. | 105,447 | 7,564 | |
HNI Corp. | 168,046 | 7,530 | |
* | Topgolf Callaway Brands Corp. | 523,177 | 7,450 |
* | Brinker International Inc. | 159,487 | 7,391 |
Acushnet Holdings Corp. | 112,408 | 7,241 | |
* | Adtalem Global Education Inc. | 144,788 | 7,167 |
* | Central Garden & Pet Co. Class A | 187,600 | 7,071 |
Worthington Enterprises Inc. | 112,263 | 6,974 | |
* | Cinemark Holdings Inc. | 400,048 | 6,965 |
* | Hanesbrands Inc. | 1,281,029 | 6,918 |
* | SeaWorld Entertainment Inc. | 132,207 | 6,789 |
* | Gentherm Inc. | 119,098 | 6,772 |
Upbound Group Inc. | 200,446 | 6,767 | |
* | ODP Corp. | 118,134 | 6,672 |
* | Six Flags Entertainment Corp. | 262,937 | 6,663 |
* | National Vision Holdings Inc. | 282,496 | 6,610 |
Shares | Market Value• ($000) | ||
* | Vista Outdoor Inc. | 210,063 | 6,554 |
* | Atlanta Braves Holdings Inc. Class C | 165,467 | 6,473 |
Laureate Education Inc. | 476,545 | 6,390 | |
Cheesecake Factory Inc. | 176,577 | 6,247 | |
La-Z-Boy Inc. | 158,151 | 6,008 | |
* | OPENLANE Inc. | 392,913 | 6,000 |
Dana Inc. | 474,289 | 5,929 | |
* | Madison Square Garden Entertainment Corp. | 144,838 | 5,575 |
* | Green Brick Partners Inc. | 94,888 | 5,551 |
Oxford Industries Inc. | 54,455 | 5,521 | |
* | Beyond Inc. | 163,882 | 5,495 |
Jack in the Box Inc. | 73,599 | 5,373 | |
* | Knowles Corp. | 327,010 | 5,343 |
Cracker Barrel Old Country Store Inc. | 80,500 | 5,323 | |
Dillard's Inc. Class A | 12,797 | 5,307 | |
* | Leslie's Inc. | 647,021 | 5,111 |
* | G-III Apparel Group Ltd. | 150,166 | 4,996 |
* | PROG Holdings Inc. | 161,298 | 4,979 |
* | Sally Beauty Holdings Inc. | 391,184 | 4,941 |
Caleres Inc. | 123,491 | 4,768 | |
Steelcase Inc. Class A | 336,619 | 4,625 | |
Buckle Inc. | 110,969 | 4,543 | |
* | Sweetgreen Inc. Class A | 351,469 | 4,478 |
* | Cars.com Inc. | 241,778 | 4,434 |
John Wiley & Sons Inc. Class A | 132,725 | 4,426 | |
* | XPEL Inc. | 82,160 | 4,320 |
* | PowerSchool Holdings Inc. Class A | 203,962 | 4,261 |
Perdoceo Education Corp. | 237,349 | 4,227 | |
Allegiant Travel Co. | 57,744 | 4,203 | |
* | Sphere Entertainment Co. | 96,625 | 4,184 |
Krispy Kreme Inc. | 319,122 | 4,129 | |
Camping World Holdings Inc. Class A | 152,032 | 4,058 | |
* | OneSpaWorld Holdings Ltd. | 303,469 | 3,957 |
* | Lions Gate Entertainment Corp. Class B | 431,134 | 3,915 |
Winmark Corp. | 10,172 | 3,861 | |
Scholastic Corp. | 97,132 | 3,831 | |
Monro Inc. | 113,253 | 3,802 | |
* | Chegg Inc. | 414,219 | 3,703 |
Hibbett Inc. | 44,639 | 3,658 | |
* | Everi Holdings Inc. | 307,111 | 3,642 |
* | Udemy Inc. | 319,653 | 3,612 |
Monarch Casino & Resort Inc. | 49,083 | 3,453 | |
* | Dream Finders Homes Inc. Class A | 88,003 | 3,444 |
* | Arlo Technologies Inc. | 325,584 | 3,389 |
* | Beazer Homes USA Inc. | 107,437 | 3,366 |
*,1 | Revolve Group Inc. | 149,811 | 3,285 |
Interface Inc. | 207,814 | 3,267 | |
* | Malibu Boats Inc. Class A | 73,821 | 3,222 |
* | Sabre Corp. | 1,204,645 | 3,192 |
Matthews International Corp. Class A | 108,118 | 3,129 | |
* | Vizio Holding Corp. Class A | 278,151 | 3,062 |
* | BJ's Restaurants Inc. | 82,686 | 2,896 |
Wolverine World Wide Inc. | 282,955 | 2,878 |
Shares | Market Value• ($000) | ||
* | American Axle & Manufacturing Holdings Inc. | 414,828 | 2,871 |
Sonic Automotive Inc. Class A | 53,556 | 2,812 | |
* | QuinStreet Inc. | 192,016 | 2,809 |
* | IMAX Corp. | 163,225 | 2,796 |
* | Hovnanian Enterprises Inc. Class A | 17,829 | 2,793 |
Ethan Allen Interiors Inc. | 82,906 | 2,772 | |
Sturm Ruger & Co. Inc. | 63,827 | 2,765 | |
* | Viad Corp. | 74,029 | 2,756 |
Golden Entertainment Inc. | 73,448 | 2,722 | |
Dine Brands Global Inc. | 56,043 | 2,719 | |
* | Hawaiian Holdings Inc. | 186,045 | 2,625 |
Guess? Inc. | 102,445 | 2,600 | |
* | MarineMax Inc. | 77,767 | 2,582 |
1 | Spirit Airlines Inc. | 399,330 | 2,576 |
* | Figs Inc. Class A | 464,363 | 2,429 |
* | Portillo's Inc. Class A | 164,564 | 2,391 |
*,1 | Luminar Technologies Inc. | 991,895 | 2,371 |
* | Thryv Holdings Inc. | 113,159 | 2,370 |
Standard Motor Products Inc. | 74,578 | 2,369 | |
* | Clear Channel Outdoor Holdings Inc. | 1,360,489 | 2,340 |
Smith & Wesson Brands Inc. | 166,962 | 2,292 | |
* | Life Time Group Holdings Inc. | 163,219 | 2,243 |
* | Chuy's Holdings Inc. | 65,340 | 2,210 |
* | Accel Entertainment Inc. | 194,110 | 2,199 |
Shoe Carnival Inc. | 66,301 | 2,173 | |
Global Industrial Co. | 48,023 | 2,106 | |
* | Lions Gate Entertainment Corp. Class A | 212,018 | 2,059 |
* | Kura Sushi USA Inc. Class A | 21,574 | 2,050 |
* | Sun Country Airlines Holdings Inc. | 136,517 | 2,048 |
* | First Watch Restaurant Group Inc. | 80,554 | 2,018 |
Arko Corp. | 295,721 | 1,931 | |
* | Savers Value Village Inc. | 94,939 | 1,922 |
Haverty Furniture Cos. Inc. | 53,435 | 1,833 | |
* | Integral Ad Science Holding Corp. | 176,762 | 1,831 |
* | Clean Energy Fuels Corp. | 618,032 | 1,823 |
RCI Hospitality Holdings Inc. | 31,942 | 1,800 | |
Gray Television Inc. | 307,817 | 1,798 | |
* | Universal Technical Institute Inc. | 119,526 | 1,798 |
A-Mark Precious Metals Inc. | 69,092 | 1,775 | |
Sinclair Inc. | 119,547 | 1,775 | |
* | European Wax Center Inc. Class A | 124,358 | 1,763 |
* | Corsair Gaming Inc. | 135,176 | 1,751 |
* | Denny's Corp. | 186,598 | 1,722 |
Rush Enterprises Inc. Class B | 33,918 | 1,710 | |
* | Stoneridge Inc. | 95,660 | 1,681 |
Designer Brands Inc. Class A | 157,298 | 1,661 | |
* | Daily Journal Corp. | 4,863 | 1,646 |
Shares | Market Value• ($000) | ||
* | Super Group SGHC Ltd. | 495,686 | 1,636 |
* | Instructure Holdings Inc. | 71,045 | 1,628 |
Movado Group Inc. | 55,384 | 1,590 | |
* | Stagwell Inc. | 291,820 | 1,558 |
* | Central Garden & Pet Co. | 35,322 | 1,550 |
* | Atlanta Braves Holdings Inc. Class A | 36,690 | 1,539 |
* | Liquidity Services Inc. | 83,979 | 1,506 |
* | AMC Networks Inc. Class A | 112,533 | 1,456 |
* | America's Car-Mart Inc. | 21,561 | 1,452 |
* | Boston Omaha Corp. Class A | 85,264 | 1,399 |
* | Rush Street Interactive Inc. | 236,485 | 1,383 |
* | MasterCraft Boat Holdings Inc. | 62,042 | 1,361 |
* | Potbelly Corp. | 95,558 | 1,326 |
Marcus Corp. | 87,758 | 1,287 | |
* | Genesco Inc. | 40,270 | 1,285 |
* | Sleep Number Corp. | 77,370 | 1,278 |
Carrols Restaurant Group Inc. | 134,425 | 1,273 | |
* | PlayAGS Inc. | 134,915 | 1,252 |
Carriage Services Inc. | 49,233 | 1,222 | |
* | Bally's Corp. | 107,234 | 1,205 |
* | Lovesac Co. | 51,151 | 1,179 |
* | Lindblad Expeditions Holdings Inc. | 127,012 | 1,177 |
Build-A-Bear Workshop Inc. | 48,364 | 1,158 | |
*,1 | iRobot Corp. | 99,727 | 1,138 |
* | Eastman Kodak Co. | 209,136 | 1,117 |
* | Gannett Co. Inc. | 523,398 | 1,115 |
* | Cardlytics Inc. | 132,759 | 1,101 |
* | OneWater Marine Inc. Class A | 41,838 | 1,088 |
* | GoPro Inc. Class A | 459,509 | 1,075 |
* | iHeartMedia Inc. Class A | 376,769 | 1,044 |
* | Zumiez Inc. | 58,470 | 1,030 |
Climb Global Solutions Inc. | 14,960 | 1,017 | |
* | Stitch Fix Inc. Class A | 309,180 | 999 |
* | Landsea Homes Corp. | 73,321 | 999 |
* | 1-800-Flowers.com Inc. Class A | 95,677 | 997 |
* | Frontier Group Holdings Inc. | 141,406 | 981 |
Alta Equipment Group Inc. | 83,292 | 956 | |
Hooker Furnishings Corp. | 38,952 | 955 | |
* | Selectquote Inc. | 489,796 | 950 |
* | JAKKS Pacific Inc. | 26,764 | 940 |
* | Legacy Housing Corp. | 36,463 | 938 |
* | Xponential Fitness Inc. Class A | 91,465 | 922 |
* | Funko Inc. Class A | 130,463 | 918 |
* | El Pollo Loco Holdings Inc. | 100,133 | 907 |
Johnson Outdoors Inc. Class A | 19,347 | 889 | |
* | Lincoln Educational Services Corp. | 86,934 | 875 |
* | Cooper-Standard Holdings Inc. | 62,061 | 873 |
* | EW Scripps Co. Class A | 215,434 | 868 |
Shares | Market Value• ($000) | ||
Entravision Communications Corp. Class A | 220,851 | 850 | |
Aaron's Co. Inc. | 108,828 | 843 | |
*,1 | Children's Place Inc. | 43,716 | 841 |
Cricut Inc. Class A | 172,688 | 834 | |
* | Destination XL Group Inc. | 204,760 | 817 |
* | Holley Inc. | 190,470 | 817 |
* | SES AI Corp. | 455,063 | 805 |
* | AMMO Inc. | 329,479 | 784 |
* | Inspired Entertainment Inc. | 79,004 | 782 |
1 | Bowlero Corp. Class A | 61,701 | 768 |
* | Vera Bradley Inc. | 96,526 | 753 |
* | Playstudios Inc. | 312,841 | 741 |
* | Tile Shop Holdings Inc. | 103,940 | 722 |
Nathan's Famous Inc. | 10,102 | 710 | |
Weyco Group Inc. | 21,595 | 696 | |
* | Nerdy Inc. | 227,576 | 660 |
*,1 | Livewire Group Inc. | 69,613 | 653 |
Rocky Brands Inc. | 25,931 | 647 | |
* | Turtle Beach Corp. | 59,857 | 639 |
* | Tilly's Inc. Class A | 82,608 | 635 |
*,1 | Blink Charging Co. | 197,204 | 627 |
* | Full House Resorts Inc. | 120,954 | 620 |
* | WW International Inc. | 197,578 | 616 |
Clarus Corp. | 104,953 | 605 | |
*,1 | BARK Inc. | 482,883 | 579 |
* | Outbrain Inc. | 151,538 | 558 |
1 | Big Lots Inc. | 102,469 | 555 |
*,1 | Fisker Inc. | 760,736 | 554 |
* | Snap One Holdings Corp. | 66,571 | 551 |
Escalade Inc. | 36,684 | 544 | |
* | ContextLogic Inc. Class A | 83,282 | 541 |
* | ThredUP Inc. Class A | 262,770 | 526 |
* | Lands' End Inc. | 53,916 | 525 |
* | Reservoir Media Inc. | 71,427 | 516 |
* | Gambling.com Group Ltd. | 55,656 | 510 |
* | CarParts.com Inc. | 198,456 | 506 |
* | Sportsman's Warehouse Holdings Inc. | 134,658 | 486 |
* | Latham Group Inc. | 139,498 | 473 |
Townsquare Media Inc. Class A | 41,611 | 443 | |
* | Red Robin Gourmet Burgers Inc. | 57,362 | 429 |
* | J Jill Inc. | 16,700 | 417 |
Cato Corp. Class A | 62,612 | 414 | |
* | Biglari Holdings Inc. Class B | 2,338 | 405 |
Big 5 Sporting Goods Corp. | 77,052 | 370 | |
Purple Innovation Inc. | 198,771 | 370 | |
*,1 | Mondee Holdings Inc. | 164,562 | 370 |
*,1 | Vuzix Corp. | 215,685 | 365 |
* | VOXX International Corp. | 42,849 | 364 |
* | Noodles & Co. | 144,112 | 362 |
Marine Products Corp. | 30,515 | 350 | |
* | Allbirds Inc. Class A | 359,697 | 327 |
* | ONE Group Hospitality Inc. | 79,463 | 311 |
* | Emerald Holding Inc. | 56,038 | 300 |
* | Century Casinos Inc. | 98,226 | 286 |
* | Traeger Inc. | 126,803 | 282 |
* | Duluth Holdings Inc. Class B | 50,085 | 238 |
*,1 | Torrid Holdings Inc. | 43,766 | 220 |
Shares | Market Value• ($000) | ||
* | Solo Brands Inc. Class A | 72,432 | 196 |
* | Fossil Group Inc. | 178,738 | 189 |
NL Industries Inc. | 31,132 | 159 | |
* | 2U Inc. | 291,845 | 132 |
*,1 | United Homes Group Inc. | 18,896 | 132 |
CompX International Inc. | 5,595 | 130 | |
* | Urban One Inc. | 40,895 | 119 |
* | Envela Corp. | 27,183 | 117 |
* | Lazydays Holdings Inc. | 27,839 | 112 |
* | Urban One Inc. (XNCM) | 32,657 | 108 |
* | Smith Douglas Homes Corp. | 2,937 | 85 |
*,1 | Rent the Runway Inc. Class A | 170,919 | 69 |
* | Loop Media Inc. | 132,426 | 66 |
* | Qurate Retail Inc. Class B | 5,078 | 28 |
1,243,766 | |||
Consumer Staples (2.8%) | |||
* | BellRing Brands Inc. | 479,968 | 27,334 |
* | Sprouts Farmers Market Inc. | 370,757 | 23,150 |
Lancaster Colony Corp. | 71,338 | 14,761 | |
Coca-Cola Consolidated Inc. | 17,496 | 14,711 | |
WD-40 Co. | 49,484 | 13,281 | |
* | Simply Good Foods Co. | 330,460 | 11,725 |
Primo Water Corp. | 569,422 | 9,230 | |
Cal-Maine Foods Inc. | 149,404 | 8,589 | |
J & J Snack Foods Corp. | 54,765 | 7,945 | |
Energizer Holdings Inc. | 260,714 | 7,443 | |
Edgewell Personal Care Co. | 183,037 | 6,990 | |
* | TreeHouse Foods Inc. | 187,285 | 6,703 |
Andersons Inc. | 117,268 | 6,483 | |
Vector Group Ltd. | 529,033 | 5,904 | |
MGP Ingredients Inc. | 57,933 | 4,935 | |
* | Chefs' Warehouse Inc. | 127,889 | 4,861 |
Utz Brands Inc. | 261,685 | 4,629 | |
* | Sovos Brands Inc. | 200,804 | 4,576 |
* | National Beverage Corp. | 86,174 | 4,536 |
Universal Corp. | 87,493 | 4,201 | |
Ingles Markets Inc. Class A | 50,861 | 3,917 | |
Weis Markets Inc. | 59,865 | 3,888 | |
John B Sanfilippo & Son Inc. | 32,547 | 3,332 | |
* | United Natural Foods Inc. | 212,743 | 3,321 |
* | Hain Celestial Group Inc. | 325,099 | 3,251 |
* | Herbalife Ltd. | 359,390 | 3,173 |
Dole plc | 259,451 | 3,064 | |
B&G Foods Inc. | 258,907 | 2,990 | |
Fresh Del Monte Produce Inc. | 123,303 | 2,951 | |
* | Vita Coco Co. Inc. | 104,266 | 2,721 |
SpartanNash Co. | 125,933 | 2,653 | |
* | SunOpta Inc. | 341,164 | 2,398 |
*,1 | Beyond Meat Inc. | 214,686 | 2,295 |
Nu Skin Enterprises Inc. Class A | 181,754 | 2,272 | |
* | USANA Health Sciences Inc. | 41,379 | 1,997 |
* | Vital Farms Inc. | 110,861 | 1,992 |
ACCO Brands Corp. | 335,031 | 1,870 | |
* | Mission Produce Inc. | 175,815 | 1,855 |
Calavo Growers Inc. | 62,884 | 1,815 | |
Turning Point Brands Inc. | 62,534 | 1,582 | |
Medifast Inc. | 39,337 | 1,577 |
Shares | Market Value• ($000) | ||
* | Duckhorn Portfolio Inc. | 158,648 | 1,509 |
Oil-Dri Corp. of America | 18,008 | 1,284 | |
Limoneira Co. | 64,012 | 1,182 | |
*,1 | Westrock Coffee Co. | 104,231 | 1,055 |
* | Beauty Health Co. | 296,710 | 988 |
* | Seneca Foods Corp. Class A | 18,965 | 961 |
Village Super Market Inc. Class A | 32,148 | 879 | |
*,1 | Waldencast plc Class A | 131,108 | 876 |
* | Nature's Sunshine Products Inc. | 48,691 | 864 |
Alico Inc. | 25,938 | 719 | |
*,1 | Brookfield Realty Capital Corp. Class A | 142,444 | 588 |
Natural Grocers by Vitamin Cottage Inc. | 34,088 | 565 | |
* | HF Foods Group Inc. | 146,858 | 552 |
* | GrowGeneration Corp. | 215,614 | 461 |
PetMed Express Inc. | 73,647 | 373 | |
*,1 | Forafric Global plc | 18,587 | 194 |
* | Benson Hill Inc. | 621,993 | 154 |
* | Zevia PBC Class A | 89,666 | 135 |
J M Smucker Co. | 1 | — | |
260,240 | |||
Energy (7.3%) | |||
* | Weatherford International plc | 259,037 | 26,580 |
Matador Resources Co. | 412,370 | 26,041 | |
* | NEXTracker Inc. Class A | 457,773 | 25,745 |
Chord Energy Corp. | 152,367 | 24,752 | |
ChampionX Corp. | 712,386 | 22,127 | |
Permian resources Corp. | 1,420,213 | 22,098 | |
Murphy Oil Corp. | 540,746 | 21,451 | |
Civitas Resources Inc. | 294,195 | 20,205 | |
PBF Energy Inc. Class A | 405,959 | 18,958 | |
SM Energy Co. | 430,136 | 18,827 | |
Noble Corp. plc | 409,618 | 17,126 | |
Equitrans Midstream Corp. | 1,589,490 | 16,992 | |
Alpha Metallurgical Resources Inc. | 41,868 | 15,795 | |
Patterson-UTI Energy Inc. | 1,286,546 | 14,885 | |
Magnolia Oil & Gas Corp. Class A | 652,839 | 14,806 | |
Arcosa Inc. | 176,619 | 14,659 | |
* | Valaris Ltd. | 219,732 | 13,854 |
Helmerich & Payne Inc. | 354,338 | 13,603 | |
California Resources Corp. | 253,652 | 13,233 | |
Liberty Energy Inc. | 597,801 | 12,781 | |
* | CNX Resources Corp. | 569,842 | 11,938 |
* | Tidewater Inc. | 168,858 | 11,825 |
Northern Oil & Gas Inc. | 320,198 | 11,441 | |
Cactus Inc. Class A | 235,356 | 10,803 | |
Arch Resources Inc. | 65,220 | 10,780 | |
Warrior Met Coal Inc. | 188,093 | 10,716 | |
Peabody Energy Corp. | 416,243 | 10,310 | |
* | Kosmos Energy Ltd. | 1,661,126 | 10,199 |
CONSOL Energy Inc. | 111,280 | 9,550 | |
Archrock Inc. | 505,767 | 9,240 | |
* | Shoals Technologies Group Inc. Class A | 623,918 | 8,005 |
* | Seadrill Ltd. | 183,725 | 7,753 |
* | Array Technologies Inc. | 551,116 | 7,517 |
Golar LNG Ltd. | 364,434 | 7,394 | |
* | Par Pacific Holdings Inc. | 200,851 | 7,255 |
Shares | Market Value• ($000) | ||
* | Oceaneering International Inc. | 365,728 | 7,227 |
* | Callon Petroleum Co. | 222,842 | 6,944 |
Sitio Royalties Corp. Class A | 299,262 | 6,829 | |
* | Talos Energy Inc. | 491,091 | 6,477 |
Delek US Holdings Inc. | 234,218 | 5,975 | |
* | Expro Group Holdings NV | 325,972 | 5,832 |
* | Gulfport Energy Corp. | 40,749 | 5,786 |
* | DNOW Inc. | 387,534 | 5,484 |
World Kinect Corp. | 217,604 | 5,301 | |
Borr Drilling Ltd. | 799,772 | 4,815 | |
* | Helix Energy Solutions Group Inc. | 523,443 | 4,711 |
* | Green Plains Inc. | 211,622 | 4,508 |
* | Vital Energy Inc. | 85,056 | 4,281 |
* | Diamond Offshore Drilling Inc. | 370,233 | 4,106 |
CVR Energy Inc. | 107,753 | 3,575 | |
* | MRC Global Inc. | 304,693 | 3,513 |
SunCoke Energy Inc. | 304,541 | 3,262 | |
* | Fluence Energy Inc. | 213,319 | 3,262 |
Crescent Energy Co. Class A | 280,015 | 3,131 | |
Comstock Resources Inc. | 334,041 | 2,856 | |
* | Dril-Quip Inc. | 123,590 | 2,793 |
* | ProPetro Holding Corp. | 351,316 | 2,600 |
* | Nabors Industries Ltd. (XNYS) | 33,068 | 2,592 |
Core Laboratories Inc. | 170,816 | 2,557 | |
Select Water Solutions Inc. | 290,583 | 2,482 | |
* | REX American Resources Corp. | 56,163 | 2,470 |
* | Ameresco Inc. Class A | 117,387 | 2,460 |
Kinetik Holdings Inc. | 66,490 | 2,348 | |
* | Bristow Group Inc. | 86,160 | 2,322 |
RPC Inc. | 309,671 | 2,288 | |
* | SilverBow Resources Inc. | 76,736 | 2,178 |
Vitesse Energy Inc. | 90,753 | 2,063 | |
*,1 | FuelCell Energy Inc. | 1,655,205 | 1,970 |
Berry Corp. | 274,317 | 1,934 | |
* | Centrus Energy Corp. Class A | 44,685 | 1,823 |
* | Newpark Resources Inc. | 277,521 | 1,784 |
* | TETRA Technologies Inc. | 457,082 | 1,783 |
VAALCO Energy Inc. | 390,264 | 1,741 | |
*,1 | Tellurian Inc. | 2,012,085 | 1,597 |
SandRidge Energy Inc. | 116,771 | 1,523 | |
Kodiak Gas Services Inc. | 57,917 | 1,477 | |
Ramaco Resources Inc. Class A | 80,805 | 1,421 | |
*,1 | Stem Inc. | 519,643 | 1,393 |
* | Montauk Renewables Inc. | 242,962 | 1,380 |
* | NextDecade Corp. | 283,602 | 1,302 |
* | Oil States International Inc. | 229,190 | 1,235 |
Atlas Energy Solutions Inc. | 64,575 | 1,218 | |
* | DMC Global Inc. | 70,907 | 1,183 |
*,1 | EVgo Inc. | 375,120 | 1,110 |
W&T Offshore Inc. | 356,541 | 1,077 | |
*,1 | SunPower Corp. | 316,139 | 983 |
*,1 | Solid Power Inc. | 565,552 | 927 |
* | SEACOR Marine Holdings Inc. | 87,632 | 920 |
Shares | Market Value• ($000) | ||
Solaris Oilfield Infrastructure Inc. Class A | 106,294 | 900 | |
* | Amplify Energy Corp. | 132,585 | 801 |
* | ProFrac Holding Corp. Class A | 93,762 | 767 |
Riley Exploration Permian Inc. | 32,219 | 762 | |
Granite Ridge Resources Inc. | 123,692 | 761 | |
*,1 | Gevo Inc. | 852,520 | 760 |
1 | HighPeak Energy Inc. | 43,866 | 727 |
* | Forum Energy Technologies Inc. | 35,425 | 709 |
Evolution Petroleum Corp. | 113,086 | 663 | |
* | Hallador Energy Co. | 82,818 | 629 |
* | Ring Energy Inc. | 439,973 | 629 |
*,1 | Energy Vault Holdings Inc. | 359,935 | 605 |
Ranger Energy Services Inc. | 54,010 | 567 | |
NACCO Industries Inc. Class A | 15,028 | 499 | |
* | Maxeon Solar Technologies Ltd. | 106,207 | 426 |
* | TPI Composites Inc. | 149,983 | 418 |
* | KLX Energy Services Holdings Inc. | 45,388 | 369 |
* | Mammoth Energy Services Inc. | 83,999 | 306 |
*,1 | ESS Tech Inc. | 327,635 | 285 |
* | Empire Petroleum Corp. | 48,136 | 285 |
* | PrimeEnergy Resources Corp. | 2,192 | 217 |
Ramaco Resources Inc. Class B | 17,110 | 205 | |
* | FTC Solar Inc. | 254,827 | 130 |
*,1 | Enviva Inc. | 111,986 | 45 |
* | Verde Clean Fuels Inc. | 2,163 | 9 |
688,527 | |||
Financials (14.8%) | |||
SouthState Corp. | 277,038 | 23,282 | |
Selective Insurance Group Inc. | 218,964 | 22,877 | |
Essent Group Ltd. | 381,269 | 20,425 | |
* | Marathon Digital Holdings Inc. | 773,996 | 20,046 |
Cadence Bank | 663,125 | 18,355 | |
Old National Bancorp | 1,066,146 | 17,517 | |
* | Mr Cooper Group Inc. | 234,875 | 16,742 |
Radian Group Inc. | 572,497 | 16,683 | |
Jackson Financial Inc. Class A | 301,296 | 16,586 | |
United Bankshares Inc. | 476,237 | 16,521 | |
Home BancShares Inc. | 693,988 | 16,281 | |
* | American Equity Investment Life Holding Co. | 286,030 | 15,886 |
FirstCash Holdings Inc. | 136,948 | 15,681 | |
Hamilton Lane Inc. Class A | 132,724 | 15,243 | |
Glacier Bancorp Inc. | 405,873 | 15,188 | |
First Financial Bankshares Inc. | 474,224 | 14,672 | |
Hancock Whitney Corp. | 315,869 | 13,772 | |
* | Enstar Group Ltd. | 43,716 | 13,462 |
UMB Financial Corp. | 161,036 | 13,142 | |
Moelis & Co. Class A | 243,142 | 13,139 | |
Valley National Bancorp | 1,571,193 | 12,868 |
Shares | Market Value• ($000) | ||
1 | Blackstone Mortgage Trust Inc. Class A | 626,940 | 12,771 |
Piper Sandler Cos. | 63,187 | 11,896 | |
ServisFirst Bancshares Inc. | 185,541 | 11,724 | |
Associated Banc-Corp. | 550,857 | 11,480 | |
Ameris Bancorp | 240,837 | 11,158 | |
Walker & Dunlop Inc. | 115,820 | 11,047 | |
United Community Banks Inc. | 420,721 | 10,943 | |
CNO Financial Group Inc. | 407,678 | 10,881 | |
First BanCorp (XNYS) | 625,779 | 10,626 | |
* | Axos Financial Inc. | 202,166 | 10,537 |
* | Genworth Financial Inc. Class A | 1,681,793 | 10,343 |
* | Texas Capital Bancshares Inc. | 174,039 | 10,207 |
International Bancshares Corp. | 195,397 | 10,139 | |
Cathay General Bancorp | 253,158 | 9,886 | |
* | Riot Platforms Inc. | 691,615 | 9,766 |
Artisan Partners Asset Management Inc. Class A | 223,310 | 9,618 | |
WSFS Financial Corp. | 222,792 | 9,444 | |
* | Oscar Health Inc. Class A | 573,562 | 9,326 |
PJT Partners Inc. Class A | 86,310 | 9,097 | |
Atlantic Union Bankshares Corp. | 273,232 | 9,088 | |
BGC Group Inc. Class A | 1,301,989 | 9,049 | |
Fulton Financial Corp. | 584,854 | 9,007 | |
1 | Arbor Realty Trust Inc. | 669,889 | 8,976 |
* | NMI Holdings Inc. Class A | 294,327 | 8,853 |
Community Bank System Inc. | 194,045 | 8,790 | |
Simmons First National Corp. Class A | 451,751 | 8,674 | |
1 | Bank of Hawaii Corp. | 142,449 | 8,587 |
* | Bancorp Inc. | 189,627 | 8,465 |
Independent Bank Corp. (XNGS) | 160,567 | 8,377 | |
CVB Financial Corp. | 484,271 | 8,242 | |
First Interstate BancSystem Inc. Class A | 300,592 | 7,912 | |
Pacific Premier Bancorp Inc. | 345,349 | 7,895 | |
PennyMac Financial Services Inc. | 92,545 | 7,860 | |
First Financial Bancorp | 342,835 | 7,439 | |
Seacoast Banking Corp. of Florida | 306,683 | 7,403 | |
Eastern Bankshares Inc. | 564,028 | 7,287 | |
BankUnited Inc. | 270,769 | 7,262 | |
First Merchants Corp. | 214,907 | 7,135 | |
BancFirst Corp. | 80,401 | 7,054 | |
Banc of California Inc. | 477,602 | 6,987 | |
Cohen & Steers Inc. | 94,703 | 6,965 | |
Towne Bank | 255,174 | 6,918 | |
*,1 | Upstart Holdings Inc. | 266,319 | 6,858 |
StepStone Group Inc. Class A | 196,086 | 6,810 | |
* | Palomar Holdings Inc. | 88,813 | 6,762 |
* | StoneX Group Inc. | 97,334 | 6,741 |
* | Enova International Inc. | 105,735 | 6,688 |
Park National Corp. | 51,988 | 6,681 | |
WaFd Inc. | 234,706 | 6,393 | |
Renasant Corp. | 200,722 | 6,345 |
Shares | Market Value• ($000) | ||
Stewart Information Services Corp. | 97,276 | 6,126 | |
* | BRP Group Inc. Class A | 219,022 | 6,093 |
OFG Bancorp | 167,934 | 6,083 | |
WesBanco Inc. | 209,818 | 6,081 | |
* | Triumph Financial Inc. | 80,988 | 6,074 |
Trustmark Corp. | 221,645 | 5,953 | |
Virtus Investment Partners Inc. | 25,519 | 5,929 | |
* | Goosehead Insurance Inc. Class A | 78,224 | 5,918 |
Federal Agricultural Mortgage Corp. Class C | 33,000 | 5,903 | |
Apollo Commercial Real Estate Finance Inc. | 516,454 | 5,789 | |
Lakeland Financial Corp. | 90,429 | 5,760 | |
Independent Bank Group Inc. | 131,680 | 5,758 | |
NBT Bancorp Inc. | 166,917 | 5,740 | |
* | Customers Bancorp Inc. | 104,159 | 5,657 |
* | Cannae Holdings Inc. | 250,050 | 5,456 |
Banner Corp. | 124,304 | 5,449 | |
City Holding Co. | 54,138 | 5,440 | |
Horace Mann Educators Corp. | 149,670 | 5,417 | |
Northwest Bancshares Inc. | 463,639 | 5,313 | |
Compass Diversified Holdings | 229,962 | 5,289 | |
Bank of NT Butterfield & Son Ltd. | 176,710 | 5,282 | |
Enterprise Financial Services Corp. | 131,949 | 5,267 | |
Hilltop Holdings Inc. | 169,647 | 5,239 | |
Heartland Financial USA Inc. | 153,941 | 5,234 | |
Ready Capital Corp. | 582,328 | 5,142 | |
Navient Corp. | 313,190 | 5,092 | |
First Bancorp (XNGS) | 144,903 | 4,944 | |
Live Oak Bancshares Inc. | 122,204 | 4,854 | |
First Commonwealth Financial Corp. | 372,405 | 4,852 | |
Pathward Financial Inc. | 94,974 | 4,828 | |
Mercury General Corp. | 97,438 | 4,744 | |
Hope Bancorp Inc. | 419,908 | 4,606 | |
FB Financial Corp. | 128,851 | 4,592 | |
National Bank Holdings Corp. Class A | 134,100 | 4,538 | |
Stock Yards Bancorp Inc. | 98,964 | 4,534 | |
Two Harbors Investment Corp. | 353,783 | 4,482 | |
PennyMac Mortgage Investment Trust | 316,175 | 4,468 | |
Ladder Capital Corp. | 412,565 | 4,460 | |
First Busey Corp. | 188,958 | 4,357 | |
S&T Bancorp Inc. | 138,840 | 4,330 | |
Westamerica BanCorp | 94,302 | 4,311 | |
Safety Insurance Group Inc. | 52,302 | 4,297 | |
Employers Holdings Inc. | 93,419 | 4,270 | |
Stellar Bancorp Inc. | 177,149 | 4,198 | |
MFA Financial Inc. REIT | 372,913 | 4,184 | |
National Western Life Group Inc. Class A | 8,401 | 4,079 | |
* | Encore Capital Group Inc. | 84,775 | 4,069 |
WisdomTree Inc. | 501,183 | 4,040 | |
Provident Financial Services Inc. | 267,755 | 4,038 |
Shares | Market Value• ($000) | ||
Nelnet Inc. Class A | 46,738 | 4,013 | |
Franklin BSP Realty Trust Inc. REIT | 302,205 | 3,901 | |
*,1 | Trupanion Inc. | 144,423 | 3,863 |
TriCo Bancshares | 113,101 | 3,779 | |
Veritex Holdings Inc. | 191,238 | 3,754 | |
Victory Capital Holdings Inc. Class A | 97,230 | 3,737 | |
Nicolet Bankshares Inc. | 46,627 | 3,680 | |
AMERISAFE Inc. | 69,173 | 3,650 | |
Chimera Investment Corp. | 827,665 | 3,609 | |
* | PRA Group Inc. | 140,843 | 3,600 |
Peoples Bancorp Inc. | 126,917 | 3,563 | |
1 | ARMOUR Residential REIT Inc. | 178,672 | 3,538 |
Sandy Spring Bancorp Inc. | 159,409 | 3,504 | |
QCR Holdings Inc. | 59,764 | 3,407 | |
Berkshire Hills Bancorp Inc. | 158,353 | 3,403 | |
Preferred Bank | 46,834 | 3,365 | |
Brightspire Capital Inc. | 468,659 | 3,238 | |
OceanFirst Financial Corp. | 212,278 | 3,227 | |
* | LendingClub Corp. | 395,341 | 3,206 |
German American Bancorp Inc. | 101,742 | 3,201 | |
Claros Mortgage Trust Inc. | 330,167 | 3,196 | |
* | Skyward Specialty Insurance Group Inc. | 86,684 | 3,172 |
Origin Bancorp Inc. | 105,836 | 3,158 | |
* | SiriusPoint Ltd. | 254,543 | 3,123 |
Brookline Bancorp Inc. | 317,771 | 3,105 | |
Ellington Financial Inc. | 273,945 | 3,104 | |
* | Lemonade Inc. | 184,651 | 2,999 |
Southside Bancshares Inc. | 104,528 | 2,996 | |
Enact Holdings Inc. | 107,791 | 2,988 | |
1st Source Corp. | 59,822 | 2,978 | |
Patria Investments Ltd. Class A | 197,694 | 2,946 | |
Bank First Corp. | 33,732 | 2,918 | |
* | Assetmark Financial Holdings Inc. | 80,571 | 2,848 |
Banco Latinoamericano de Comercio Exterior SA Class E | 100,278 | 2,805 | |
First Bancshares Inc. | 111,998 | 2,781 | |
Capitol Federal Financial Inc. | 465,541 | 2,695 | |
Brightsphere Investment Group Inc. | 118,851 | 2,693 | |
Lakeland Bancorp Inc. | 227,225 | 2,654 | |
ConnectOne Bancorp Inc. | 133,117 | 2,634 | |
* | Open Lending Corp. Class A | 362,354 | 2,631 |
* | Ambac Financial Group Inc. | 160,289 | 2,622 |
F&G Annuities & Life Inc. | 67,969 | 2,568 | |
Eagle Bancorp Inc. | 107,309 | 2,556 | |
Redwood Trust Inc. | 414,071 | 2,538 | |
Dynex Capital Inc. | 205,308 | 2,533 | |
Premier Financial Corp. | 128,673 | 2,494 | |
Merchants Bancorp | 57,882 | 2,481 | |
First Mid Bancshares Inc. | 81,072 | 2,456 | |
Tompkins Financial Corp. | 50,244 | 2,420 | |
New York Mortgage Trust Inc. | 331,738 | 2,392 |
Shares | Market Value• ($000) | ||
Dime Community Bancshares Inc. | 127,363 | 2,387 | |
ProAssurance Corp. | 189,942 | 2,342 | |
Heritage Financial Corp. | 126,082 | 2,314 | |
HCI Group Inc. | 23,212 | 2,266 | |
Community Trust Bancorp Inc. | 56,272 | 2,237 | |
1 | Brookfield Business Corp. Class A | 94,557 | 2,162 |
Old Second Bancorp Inc. | 158,358 | 2,127 | |
* | CrossFirst Bankshares Inc. | 164,777 | 2,121 |
Mercantile Bank Corp. | 57,164 | 2,106 | |
Univest Financial Corp. | 104,975 | 2,102 | |
Perella Weinberg Partners | 153,810 | 2,101 | |
KKR Real Estate Finance Trust Inc. | 214,391 | 2,090 | |
First Community Bankshares Inc. | 62,643 | 2,076 | |
Amerant Bancorp Inc. | 93,906 | 1,990 | |
Business First Bancshares Inc. | 86,860 | 1,950 | |
Horizon Bancorp Inc. | 156,565 | 1,885 | |
TPG RE Finance Trust Inc. | 251,767 | 1,883 | |
Byline Bancorp Inc. | 89,945 | 1,874 | |
Midland States Bancorp Inc. | 75,871 | 1,847 | |
TrustCo Bank Corp. NY | 67,567 | 1,844 | |
* | Columbia Financial Inc. | 107,850 | 1,804 |
Central Pacific Financial Corp. | 96,182 | 1,795 | |
Farmers National Banc Corp. | 132,479 | 1,786 | |
United Fire Group Inc. | 76,552 | 1,783 | |
Heritage Commerce Corp. | 214,662 | 1,780 | |
Universal Insurance Holdings Inc. | 88,065 | 1,778 | |
Independent Bank Corp. | 72,475 | 1,772 | |
* | World Acceptance Corp. | 14,624 | 1,751 |
Cambridge Bancorp | 27,533 | 1,742 | |
Equity Bancshares Inc. Class A | 53,379 | 1,699 | |
American National Bankshares Inc. | 37,126 | 1,675 | |
Great Southern Bancorp Inc. | 32,092 | 1,673 | |
Hanmi Financial Corp. | 110,030 | 1,663 | |
Camden National Corp. | 51,880 | 1,649 | |
1 | Orchid Island Capital Inc. | 191,583 | 1,648 |
Metrocity Bankshares Inc. | 66,745 | 1,622 | |
Washington Trust Bancorp Inc. | 61,610 | 1,586 | |
First Financial Corp. | 41,502 | 1,545 | |
* | LendingTree Inc. | 38,881 | 1,539 |
Republic Bancorp Inc. Class A | 31,043 | 1,529 | |
Tiptree Inc. | 87,050 | 1,524 | |
HarborOne Bancorp Inc. | 149,459 | 1,521 | |
* | Coastal Financial Corp. | 39,616 | 1,521 |
Southern Missouri Bancorp Inc. | 34,803 | 1,492 | |
Peapack-Gladstone Financial Corp. | 61,304 | 1,485 | |
First Foundation Inc. | 187,132 | 1,484 | |
Amalgamated Financial Corp. | 64,309 | 1,484 | |
CNB Financial Corp. | 74,175 | 1,483 |
Shares | Market Value• ($000) | ||
P10 Inc. Class A | 159,819 | 1,482 | |
Invesco Mortgage Capital Inc. REIT | 163,637 | 1,478 | |
Northfield Bancorp Inc. | 145,951 | 1,474 | |
* | Metropolitan Bank Holding Corp. | 37,437 | 1,468 |
Diamond Hill Investment Group Inc. | 9,819 | 1,421 | |
Alerus Financial Corp. | 65,022 | 1,418 | |
HomeTrust Bancshares Inc. | 53,663 | 1,409 | |
Bar Harbor Bankshares | 54,350 | 1,371 | |
Capital City Bank Group Inc. | 48,319 | 1,370 | |
1 | B Riley Financial Inc. | 74,061 | 1,358 |
James River Group Holdings Ltd. | 134,179 | 1,340 | |
Capstar Financial Holdings Inc. | 69,852 | 1,310 | |
Kearny Financial Corp. | 204,146 | 1,298 | |
Arrow Financial Corp. | 54,006 | 1,295 | |
Flushing Financial Corp. | 100,877 | 1,295 | |
Northeast Bank | 24,017 | 1,282 | |
GCM Grosvenor Inc. Class A | 150,950 | 1,279 | |
Burke & Herbert Financial Services Corp. | 23,288 | 1,273 | |
Esquire Financial Holdings Inc. | 25,025 | 1,271 | |
SmartFinancial Inc. | 57,975 | 1,248 | |
Shore Bancshares Inc. | 108,942 | 1,238 | |
* | Greenlight Capital Re Ltd. Class A | 94,518 | 1,194 |
MidWestOne Financial Group Inc. | 51,182 | 1,173 | |
South Plains Financial Inc. | 42,305 | 1,129 | |
Summit Financial Group Inc. | 40,990 | 1,106 | |
Five Star Bancorp | 46,461 | 1,103 | |
* | Carter Bankshares Inc. | 82,540 | 1,090 |
* | MBIA Inc. | 166,611 | 1,088 |
Mid Penn Bancorp Inc. | 51,507 | 1,083 | |
ACNB Corp. | 30,710 | 1,082 | |
RBB Bancorp | 60,471 | 1,041 | |
West BanCorp Inc. | 59,249 | 1,031 | |
Financial Institutions Inc. | 55,387 | 1,017 | |
Orrstown Financial Services Inc. | 37,324 | 1,006 | |
First Business Financial Services Inc. | 28,451 | 1,004 | |
Peoples Financial Services Corp. | 24,801 | 1,001 | |
Citizens & Northern Corp. | 54,292 | 997 | |
First Bank | 73,883 | 991 | |
* | American Coastal Insurance Corp. Class C | 70,772 | 987 |
1 | NewtekOne Inc. | 85,152 | 983 |
Home Bancorp Inc. | 26,258 | 965 | |
Northrim BanCorp Inc. | 19,359 | 963 | |
Chicago Atlantic Real Estate Finance Inc. | 58,963 | 960 | |
Bank of Marin Bancorp | 57,714 | 959 | |
Enterprise Bancorp Inc. | 35,324 | 957 | |
Macatawa Bank Corp. | 96,220 | 943 | |
Farmers & Merchants Bancorp Inc. | 46,014 | 929 | |
* | Southern First Bancshares Inc. | 28,095 | 926 |
Shares | Market Value• ($000) | ||
HomeStreet Inc. | 66,244 | 924 | |
HBT Financial Inc. | 48,469 | 924 | |
Primis Financial Corp. | 74,254 | 917 | |
Sierra Bancorp | 49,180 | 915 | |
* | Third Coast Bancshares Inc. | 46,903 | 899 |
MVB Financial Corp. | 41,532 | 889 | |
1 | Hingham Institution for Savings | 5,229 | 878 |
Granite Point Mortgage Trust Inc. | 184,767 | 876 | |
* | Bridgewater Bancshares Inc. | 73,544 | 871 |
Red River Bancshares Inc. | 17,465 | 870 | |
First of Long Island Corp. | 78,038 | 869 | |
Guaranty Bancshares Inc. | 30,146 | 867 | |
Orange County Bancorp Inc. | 18,616 | 856 | |
First Bancorp Inc. (XNGS) | 36,021 | 851 | |
Fidelity D&D Bancorp Inc. | 17,043 | 851 | |
Civista Bancshares Inc. | 56,167 | 844 | |
* | Forge Global Holdings Inc. | 400,980 | 834 |
* | Fidelis Insurance Holdings Ltd. | 55,717 | 834 |
BayCom Corp. | 40,737 | 816 | |
Waterstone Financial Inc. | 64,116 | 811 | |
FS Bancorp Inc. | 24,036 | 802 | |
John Marshall Bancorp Inc. | 45,106 | 789 | |
Donegal Group Inc. Class A | 56,187 | 787 | |
Codorus Valley Bancorp Inc. | 33,889 | 780 | |
* | Blue Foundry Bancorp | 82,508 | 777 |
Greene County Bancorp Inc. | 25,772 | 736 | |
Norwood Financial Corp. | 26,617 | 735 | |
Unity Bancorp Inc. | 26,190 | 717 | |
Northeast Community Bancorp Inc. | 45,983 | 717 | |
NexPoint Diversified Real Estate Trust | 113,205 | 717 | |
Capital Bancorp Inc. | 34,657 | 714 | |
* | FVCBankcorp Inc. | 58,760 | 712 |
Timberland Bancorp Inc. | 27,047 | 709 | |
1 | Middlefield Banc Corp. | 28,521 | 700 |
Colony Bankcorp Inc. | 60,670 | 688 | |
Plumas Bancorp | 19,705 | 687 | |
Southern States Bancshares Inc. | 27,647 | 687 | |
ChoiceOne Financial Services Inc. | 25,527 | 679 | |
AFC Gamma Inc. | 58,987 | 678 | |
Regional Management Corp. | 28,800 | 674 | |
Central Valley Community Bancorp | 35,980 | 672 | |
* | eHealth Inc. | 101,788 | 672 |
National Bankshares Inc. | 21,165 | 662 | |
Parke Bancorp Inc. | 37,612 | 649 | |
Citizens Financial Services Inc. | 13,732 | 642 | |
PCB Bancorp | 39,474 | 637 | |
C&F Financial Corp. | 11,905 | 636 | |
* | Ponce Financial Group Inc. | 71,266 | 629 |
Crawford & Co. Class A | 52,370 | 613 | |
Oak Valley Bancorp | 24,407 | 608 |
Shares | Market Value• ($000) | ||
* | Ocwen Financial Corp. | 22,949 | 598 |
Ames National Corp. | 31,050 | 589 | |
Silvercrest Asset Management Group Inc. Class A | 34,674 | 581 | |
Investors Title Co. | 3,730 | 580 | |
Princeton Bancorp Inc. | 18,697 | 575 | |
BCB Bancorp Inc. | 54,143 | 568 | |
* | Hippo Holdings Inc. | 39,944 | 561 |
Evans Bancorp Inc. | 18,630 | 553 | |
Bankwell Financial Group Inc. | 21,630 | 551 | |
Chemung Financial Corp. | 12,791 | 545 | |
LCNB Corp. | 38,699 | 545 | |
ESSA Bancorp Inc. | 31,275 | 543 | |
Virginia National Bankshares Corp. | 17,208 | 523 | |
* | Velocity Financial Inc. | 31,369 | 513 |
* | AlTi Global Inc. | 82,850 | 485 |
Penns Woods Bancorp Inc. | 24,996 | 483 | |
MainStreet Bancshares Inc. | 25,436 | 458 | |
Angel Oak Mortgage REIT Inc. | 43,546 | 456 | |
* | Maiden Holdings Ltd. | 334,050 | 451 |
First Community Corp. | 26,595 | 437 | |
* | NI Holdings Inc. | 30,070 | 421 |
USCB Financial Holdings Inc. | 37,346 | 408 | |
Nexpoint Real Estate Finance Inc. | 28,839 | 405 | |
* | First Western Financial Inc. | 28,386 | 402 |
* | Pioneer Bancorp Inc. | 42,389 | 395 |
* | Sterling Bancorp Inc. | 78,200 | 394 |
* | Security National Financial Corp. Class A | 44,860 | 387 |
Bank7 Corp. | 13,424 | 376 | |
* | Kingsway Financial Services Inc. | 40,707 | 359 |
* | Luther Burbank Corp. | 37,150 | 340 |
* | Consumer Portfolio Services Inc. | 30,672 | 271 |
* | SWK Holdings Corp. | 13,668 | 226 |
MarketWise Inc. | 119,593 | 216 | |
* | GoHealth Inc. Class A | 15,239 | 205 |
* | Finance of America Cos. Inc. Class A | 192,117 | 166 |
Blue Ridge Bankshares Inc. | 64,032 | 157 | |
*,1 | Bakkt Holdings Inc. | 261,329 | 152 |
* | OppFi Inc. | 38,179 | 134 |
Value Line Inc. | 2,743 | 118 | |
1,388,072 | |||
Health Care (15.5%) | |||
* | Vaxcyte Inc. | 380,289 | 28,073 |
* | Viking Therapeutics Inc. | 349,658 | 26,941 |
* | HealthEquity Inc. | 305,599 | 25,246 |
Ensign Group Inc. | 198,580 | 24,807 | |
* | Cytokinetics Inc. | 338,782 | 24,474 |
* | Intra-Cellular Therapies Inc. | 340,700 | 23,685 |
* | Blueprint Medicines Corp. | 221,359 | 20,701 |
* | Option Care Health Inc. | 609,886 | 19,681 |
* | Halozyme Therapeutics Inc. | 472,263 | 18,801 |
* | Alkermes plc | 603,279 | 17,911 |
Shares | Market Value• ($000) | ||
* | Lantheus Holdings Inc. | 247,564 | 16,186 |
* | Merit Medical Systems Inc. | 206,845 | 15,762 |
* | REVOLUTION Medicines Inc. | 522,802 | 15,412 |
* | Glaukos Corp. | 172,525 | 15,284 |
* | Bridgebio Pharma Inc. | 416,412 | 14,220 |
* | Insmed Inc. | 502,562 | 13,931 |
* | Neogen Corp. | 792,648 | 13,626 |
* | Evolent Health Inc. Class A | 400,534 | 13,582 |
* | Arrowhead Pharmaceuticals Inc. | 422,217 | 13,553 |
* | Integer Holdings Corp. | 120,998 | 13,345 |
* | Haemonetics Corp. | 182,290 | 13,304 |
* | Iovance Biotherapeutics Inc. | 834,198 | 13,272 |
* | iRhythm Technologies Inc. | 111,729 | 13,257 |
* | Amicus Therapeutics Inc. | 1,033,398 | 13,248 |
* | Cymabay Therapeutics Inc. | 411,355 | 13,242 |
* | Madrigal Pharmaceuticals Inc. | 53,890 | 12,729 |
* | Prestige Consumer Healthcare Inc. | 181,281 | 12,614 |
* | Krystal Biotech Inc. | 78,382 | 12,500 |
* | Axonics Inc. | 181,028 | 12,299 |
* | SpringWorks Therapeutics Inc. | 244,156 | 12,027 |
* | Biohaven Ltd. | 248,761 | 11,975 |
* | LivaNova plc | 197,169 | 10,807 |
* | Progyny Inc. | 289,039 | 10,556 |
* | Axsome Therapeutics Inc. | 129,685 | 10,554 |
* | Cerevel Therapeutics Holdings Inc. | 254,102 | 10,418 |
* | Beam Therapeutics Inc. | 263,545 | 10,407 |
* | Intellia Therapeutics Inc. | 320,868 | 10,306 |
Select Medical Holdings Corp. | 378,045 | 10,294 | |
* | ACADIA Pharmaceuticals Inc. | 440,630 | 10,240 |
* | Ideaya Biosciences Inc. | 218,631 | 9,773 |
* | Crinetics Pharmaceuticals Inc. | 237,249 | 9,713 |
* | TransMedics Group Inc. | 115,117 | 9,394 |
* | Arcellx Inc. | 139,679 | 9,194 |
* | Privia Health Group Inc. | 409,451 | 9,139 |
* | Inari Medical Inc. | 194,686 | 8,979 |
CONMED Corp. | 111,575 | 8,962 | |
* | TG Therapeutics Inc. | 504,184 | 8,682 |
* | Surgery Partners Inc. | 274,975 | 8,532 |
* | Denali Therapeutics Inc. | 429,661 | 8,499 |
Patterson Cos. Inc. | 312,638 | 8,469 | |
* | RadNet Inc. | 218,936 | 8,289 |
* | Arvinas Inc. | 178,375 | 8,202 |
* | Twist Bioscience Corp. | 207,057 | 8,135 |
* | Celldex Therapeutics Inc. | 168,838 | 8,114 |
* | Nuvalent Inc. Class A | 96,393 | 8,109 |
* | Rhythm Pharmaceuticals Inc. | 186,737 | 8,108 |
* | Vericel Corp. | 173,101 | 7,907 |
* | Ardelyx Inc. | 838,133 | 7,811 |
* | Guardant Health Inc. | 410,689 | 7,803 |
* | CorVel Corp. | 31,730 | 7,742 |
* | PTC Therapeutics Inc. | 262,164 | 7,390 |
* | NeoGenomics Inc. | 463,366 | 7,229 |
* | PROCEPT BioRobotics Corp. | 146,483 | 7,081 |
Shares | Market Value• ($000) | ||
* | Apollo Medical Holdings Inc. | 155,558 | 7,006 |
* | Immunovant Inc. | 196,066 | 6,935 |
* | Corcept Therapeutics Inc. | 291,626 | 6,853 |
*,1 | Recursion Pharmaceuticals Inc. Class A | 496,380 | 6,681 |
* | Rocket Pharmaceuticals Inc. | 227,864 | 6,676 |
* | Owens & Minor Inc. | 270,067 | 6,571 |
* | Agios Pharmaceuticals Inc. | 201,978 | 6,528 |
* | Amphastar Pharmaceuticals Inc. | 140,167 | 6,528 |
* | Protagonist Therapeutics Inc. | 207,770 | 6,312 |
* | Veracyte Inc. | 264,566 | 6,231 |
* | Inmode Ltd. | 281,717 | 6,198 |
* | Myriad Genetics Inc. | 293,826 | 6,150 |
* | Dynavax Technologies Corp. | 471,194 | 5,970 |
* | AtriCure Inc. | 169,208 | 5,917 |
* | Kymera Therapeutics Inc. | 138,197 | 5,901 |
* | Catalyst Pharmaceuticals Inc. | 365,023 | 5,851 |
* | Hims & Hers Health Inc. | 443,980 | 5,789 |
* | Vera Therapeutics Inc. | 122,361 | 5,761 |
US Physical Therapy Inc. | 54,202 | 5,760 | |
* | Syndax Pharmaceuticals Inc. | 243,189 | 5,700 |
* | RxSight Inc. | 103,509 | 5,648 |
* | Keros Therapeutics Inc. | 81,893 | 5,528 |
* | STAAR Surgical Co. | 176,718 | 5,521 |
* | Kura Oncology Inc. | 257,103 | 5,420 |
* | UFP Technologies Inc. | 26,011 | 5,418 |
* | Supernus Pharmaceuticals Inc. | 178,517 | 5,302 |
* | Addus HomeCare Corp. | 57,083 | 5,268 |
* | Pacific Biosciences of California Inc. | 916,525 | 5,068 |
* | Akero Therapeutics Inc. | 186,620 | 5,037 |
LeMaitre Vascular Inc. | 71,855 | 5,030 | |
* | Morphic Holding Inc. | 133,326 | 4,926 |
* | Avidity Biosciences Inc. | 268,956 | 4,922 |
* | Pacira BioSciences Inc. | 165,453 | 4,917 |
* | Ligand Pharmaceuticals Inc. | 61,110 | 4,849 |
* | Xencor Inc. | 210,798 | 4,838 |
* | Phreesia Inc. | 192,651 | 4,768 |
* | Ironwood Pharmaceuticals Inc. | 504,436 | 4,757 |
* | Collegium Pharmaceutical Inc. | 126,225 | 4,634 |
* | Inhibrx Inc. | 125,261 | 4,588 |
* | Alphatec Holdings Inc. | 335,378 | 4,504 |
National HealthCare Corp. | 45,403 | 4,479 | |
* | Dyne Therapeutics Inc. | 161,934 | 4,356 |
* | Omnicell Inc. | 163,504 | 4,290 |
* | Prothena Corp. plc | 153,579 | 4,237 |
* | Alpine Immune Sciences Inc. | 118,373 | 4,169 |
* | ADMA Biologics Inc. | 775,141 | 4,155 |
* | Sage Therapeutics Inc. | 191,998 | 4,124 |
* | 4D Molecular Therapeutics Inc. | 145,357 | 4,073 |
* | Tarsus Pharmaceuticals Inc. | 104,330 | 3,987 |
* | MacroGenics Inc. | 222,107 | 3,985 |
Shares | Market Value• ($000) | ||
* | Warby Parker Inc. Class A | 308,478 | 3,921 |
* | MannKind Corp. | 948,488 | 3,898 |
* | BioCryst Pharmaceuticals Inc. | 689,428 | 3,881 |
* | Brookdale Senior Living Inc. | 677,211 | 3,874 |
* | Day One Biopharmaceuticals Inc. | 227,801 | 3,811 |
* | Harmony Biosciences Holdings Inc. | 117,389 | 3,768 |
* | Arcus Biosciences Inc. | 195,581 | 3,741 |
* | Geron Corp. (XNGS) | 1,863,076 | 3,726 |
* | ANI Pharmaceuticals Inc. | 53,093 | 3,593 |
* | AdaptHealth Corp. | 347,888 | 3,559 |
* | Sana Biotechnology Inc. | 349,308 | 3,507 |
* | Amylyx Pharmaceuticals Inc. | 185,142 | 3,490 |
* | Healthcare Services Group Inc. | 270,359 | 3,450 |
* | Vir Biotechnology Inc. | 304,725 | 3,425 |
* | MiMedx Group Inc. | 419,203 | 3,421 |
* | Cytek Biosciences Inc. | 439,861 | 3,387 |
*,1 | Cassava Sciences Inc. | 144,738 | 3,326 |
* | Innoviva Inc. | 217,046 | 3,316 |
* | Arcturus Therapeutics Holdings Inc. | 85,345 | 3,308 |
* | Pliant Therapeutics Inc. | 208,346 | 3,306 |
* | Relay Therapeutics Inc. | 328,403 | 3,291 |
* | Deciphera Pharmaceuticals Inc. | 194,541 | 3,247 |
* | Verve Therapeutics Inc. | 190,062 | 3,241 |
* | LifeStance Health Group Inc. | 385,833 | 3,222 |
* | Zentalis Pharmaceuticals Inc. | 211,361 | 3,151 |
* | Scholar Rock Holding Corp. | 201,392 | 3,122 |
* | Avanos Medical Inc. | 167,910 | 3,118 |
* | Quanterix Corp. | 127,686 | 3,059 |
* | Editas Medicine Inc. | 299,453 | 3,012 |
*,1 | Janux Therapeutics Inc. | 62,166 | 3,008 |
Embecta Corp. | 210,017 | 2,999 | |
* | Arcutis Biotherapeutics Inc. | 287,611 | 2,957 |
* | Ocular Therapeutix Inc. | 292,061 | 2,938 |
* | Viridian Therapeutics Inc. | 155,378 | 2,907 |
* | Cabaletta Bio Inc. | 125,497 | 2,871 |
*,1 | Aurinia Pharmaceuticals Inc. | 492,154 | 2,815 |
* | Pediatrix Medical Group Inc. | 306,520 | 2,805 |
* | Artivion Inc. | 143,659 | 2,773 |
* | 89bio Inc. | 232,682 | 2,669 |
* | EyePoint Pharmaceuticals Inc. | 96,937 | 2,638 |
* | REGENXBIO Inc. | 149,173 | 2,602 |
* | Mirum Pharmaceuticals Inc. | 90,213 | 2,590 |
*,1 | Apogee Therapeutics Inc. | 74,364 | 2,589 |
* | Edgewise Therapeutics Inc. | 155,727 | 2,543 |
* | Accolade Inc. | 247,033 | 2,532 |
* | SI-BONE Inc. | 144,665 | 2,510 |
* | Silk Road Medical Inc. | 139,293 | 2,506 |
* | Liquidia Corp. | 173,205 | 2,453 |
* | Amneal Pharmaceuticals Inc. | 442,525 | 2,443 |
* | Varex Imaging Corp. | 140,909 | 2,424 |
Shares | Market Value• ($000) | ||
* | Kiniksa Pharmaceuticals Ltd. Class A | 113,666 | 2,403 |
HealthStream Inc. | 87,442 | 2,385 | |
* | Zymeworks Inc. | 197,052 | 2,367 |
* | Caribou Biosciences Inc. | 297,809 | 2,356 |
*,1 | Altimmune Inc. | 192,011 | 2,323 |
*,1 | ImmunityBio Inc. | 481,777 | 2,279 |
* | Revance Therapeutics Inc. | 318,330 | 2,273 |
* | Y-mAbs Therapeutics Inc. | 134,786 | 2,251 |
* | Disc Medicine Inc. | 32,497 | 2,232 |
* | Evolus Inc. | 150,420 | 2,231 |
* | Treace Medical Concepts Inc. | 165,221 | 2,221 |
* | Fate Therapeutics Inc. | 311,080 | 2,206 |
* | Mersana Therapeutics Inc. | 403,475 | 2,195 |
* | Nurix Therapeutics Inc. | 173,572 | 2,144 |
* | BioLife Solutions Inc. | 126,629 | 2,140 |
National Research Corp. | 52,658 | 2,123 | |
* | Cogent Biosciences Inc. | 302,282 | 2,116 |
* | CareDx Inc. | 188,974 | 2,011 |
* | Travere Therapeutics Inc. | 264,843 | 2,002 |
* | Paragon 28 Inc. | 158,849 | 1,982 |
* | OmniAb Inc. | 337,588 | 1,972 |
*,1 | Nano-X Imaging Ltd. | 174,825 | 1,951 |
* | Pennant Group Inc. | 103,167 | 1,924 |
*,1 | Summit Therapeutics Inc. (XNMS) | 423,772 | 1,924 |
* | OraSure Technologies Inc. | 263,011 | 1,892 |
* | Nevro Corp. | 129,200 | 1,881 |
* | Alignment Healthcare Inc. | 308,405 | 1,850 |
* | Lyell Immunopharma Inc. | 630,574 | 1,841 |
* | UroGen Pharma Ltd. | 98,996 | 1,815 |
* | ORIC Pharmaceuticals Inc. | 142,317 | 1,813 |
* | Tango Therapeutics Inc. | 162,873 | 1,813 |
Atrion Corp. | 4,907 | 1,806 | |
* | PetIQ Inc. | 99,135 | 1,805 |
* | Theravance Biopharma Inc. | 187,320 | 1,774 |
* | Marinus Pharmaceuticals Inc. | 184,496 | 1,753 |
* | Avid Bioservices Inc. | 227,169 | 1,745 |
* | Cullinan Oncology Inc. | 94,400 | 1,744 |
* | AnaptysBio Inc. | 67,890 | 1,733 |
* | HilleVax Inc. | 95,368 | 1,731 |
*,1 | Novavax Inc. | 346,155 | 1,710 |
* | Astria Therapeutics Inc. | 120,288 | 1,710 |
* | Adaptive Biotechnologies Corp. | 414,180 | 1,702 |
* | Health Catalyst Inc. | 204,476 | 1,701 |
* | Allogene Therapeutics Inc. | 344,040 | 1,689 |
* | Orthofix Medical Inc. | 128,557 | 1,679 |
* | Fulgent Genetics Inc. | 74,285 | 1,676 |
* | Avita Medical Inc. | 91,854 | 1,665 |
* | Enhabit Inc. | 183,735 | 1,654 |
* | Savara Inc. | 326,722 | 1,650 |
* | Castle Biosciences Inc. | 90,598 | 1,636 |
* | Zimvie Inc. | 94,995 | 1,610 |
* | Alector Inc. | 230,474 | 1,606 |
* | Surmodics Inc. | 49,888 | 1,591 |
* | OrthoPediatrics Corp. | 57,725 | 1,585 |
* | Axogen Inc. | 148,884 | 1,572 |
* | Multiplan Corp. | 1,400,424 | 1,568 |
* | Replimune Group Inc. | 179,862 | 1,543 |
* | KalVista Pharmaceuticals Inc. | 112,781 | 1,539 |
Shares | Market Value• ($000) | ||
* | Xeris Biopharma Holdings Inc. | 487,232 | 1,498 |
*,1 | OPKO Health Inc. | 1,470,754 | 1,471 |
* | MaxCyte Inc. | 319,306 | 1,469 |
*,1 | ALX Oncology Holdings Inc. | 98,231 | 1,441 |
* | Cerus Corp. | 650,452 | 1,418 |
*,1 | Enliven Therapeutics Inc. | 85,470 | 1,365 |
*,1 | Anavex Life Sciences Corp. | 263,324 | 1,353 |
* | Nkarta Inc. | 108,406 | 1,310 |
* | Anika Therapeutics Inc. | 53,714 | 1,304 |
* | Tactile Systems Technology Inc. | 85,298 | 1,301 |
* | Arbutus Biopharma Corp. | 463,157 | 1,297 |
* | ModivCare Inc. | 46,031 | 1,291 |
* | Community Health Systems Inc. | 456,868 | 1,275 |
* | Taro Pharmaceutical Industries Ltd. | 30,060 | 1,265 |
*,1 | Biomea Fusion Inc. | 72,087 | 1,262 |
*,1 | Phathom Pharmaceuticals Inc. | 116,925 | 1,251 |
*,1 | Prime Medicine Inc. | 144,429 | 1,246 |
* | Longboard Pharmaceuticals Inc. | 55,654 | 1,234 |
* | Pulmonx Corp. | 133,540 | 1,231 |
* | Olema Pharmaceuticals Inc. | 97,662 | 1,211 |
* | Atea Pharmaceuticals Inc. | 280,889 | 1,211 |
* | Ventyx Biosciences Inc. | 170,258 | 1,205 |
* | Harrow Inc. | 110,095 | 1,192 |
* | Codexis Inc. | 253,974 | 1,181 |
* | DocGo Inc. | 283,703 | 1,155 |
* | Terns Pharmaceuticals Inc. | 155,385 | 1,137 |
iRadimed Corp. | 26,811 | 1,125 | |
* | Inozyme Pharma Inc. | 173,356 | 1,103 |
* | Mineralys Therapeutics Inc. | 70,991 | 1,092 |
* | Sutro Biopharma Inc. | 217,999 | 1,070 |
* | Agiliti Inc. | 108,205 | 1,068 |
* | Larimar Therapeutics Inc. | 92,093 | 1,059 |
* | Viemed Healthcare Inc. | 124,653 | 1,055 |
* | Sharecare Inc. | 1,122,853 | 1,055 |
* | Enanta Pharmaceuticals Inc. | 73,245 | 1,053 |
* | WaVe Life Sciences Ltd. | 214,962 | 1,034 |
* | Entrada Therapeutics Inc. | 77,626 | 1,027 |
* | Acelyrin Inc. | 121,516 | 1,027 |
* | Tyra Biosciences Inc. | 50,445 | 1,008 |
* | Nuvation Bio Inc. | 535,574 | 1,002 |
* | Celcuity Inc. | 64,097 | 997 |
*,1 | Heron Therapeutics Inc. | 371,376 | 988 |
*,1 | Omeros Corp. | 218,912 | 985 |
* | Tenaya Therapeutics Inc. | 165,192 | 983 |
* | Poseida Therapeutics Inc. | 247,870 | 982 |
* | American Well Corp. Class A | 900,972 | 973 |
* | Voyager Therapeutics Inc. | 115,764 | 963 |
Phibro Animal Health Corp. Class A | 74,338 | 961 | |
* | Humacyte Inc. | 220,918 | 961 |
* | iTeos Therapeutics Inc. | 89,497 | 959 |
*,1 | Neumora Therapeutics Inc. | 53,920 | 951 |
* | Rigel Pharmaceuticals Inc. | 617,474 | 939 |
* | 2seventy bio Inc. | 180,339 | 938 |
Shares | Market Value• ($000) | ||
* | Aerovate Therapeutics Inc. | 40,581 | 937 |
* | OptimizeRx Corp. | 58,936 | 933 |
Agenus Inc. | 1,387,880 | 930 | |
* | Vanda Pharmaceuticals Inc. | 207,188 | 926 |
* | Rapt Therapeutics Inc. | 107,292 | 919 |
* | Annexon Inc. | 163,933 | 913 |
* | Aura Biosciences Inc. | 100,428 | 911 |
* | Organogenesis Holdings Inc. | 253,240 | 904 |
*,1 | Zynex Inc. | 66,615 | 903 |
* | Zevra Therapeutics Inc. | 132,384 | 892 |
* | Accuray Inc. | 341,083 | 887 |
Utah Medical Products Inc. | 12,581 | 883 | |
* | Gritstone bio Inc. | 315,124 | 882 |
SIGA Technologies Inc. | 168,695 | 879 | |
* | Actinium Pharmaceuticals Inc. | 100,684 | 859 |
*,1 | Lexicon Pharmaceuticals Inc. | 332,641 | 828 |
* | Coherus Biosciences Inc. | 354,339 | 808 |
* | Semler Scientific Inc. | 16,942 | 799 |
* | CVRx Inc. | 40,186 | 789 |
* | AngioDynamics Inc. | 140,612 | 772 |
*,1 | Stoke Therapeutics Inc. | 99,029 | 766 |
* | ARS Pharmaceuticals Inc. | 90,828 | 760 |
* | Ovid therapeutics Inc. | 219,504 | 746 |
* | Precigen Inc. | 484,678 | 746 |
* | MeiraGTx Holdings plc | 120,233 | 742 |
*,1 | Third Harmonic Bio Inc. | 70,279 | 713 |
*,1 | CorMedix Inc. | 200,046 | 708 |
* | Erasca Inc. | 297,174 | 707 |
* | Kodiak Sciences Inc. | 116,578 | 701 |
* | Monte Rosa Therapeutics Inc. | 109,171 | 691 |
*,1 | PDS Biotechnology Corp. | 102,848 | 678 |
* | Sangamo Therapeutics Inc. | 559,276 | 649 |
* | Harvard Bioscience Inc. | 148,657 | 644 |
* | XOMA Corp. | 26,436 | 643 |
* | Quipt Home Medical Corp. | 148,772 | 638 |
* | 23andMe Holding Co. Class A | 1,108,288 | 632 |
*,1 | scPharmaceuticals Inc. | 103,441 | 623 |
* | InfuSystem Holdings Inc. | 67,117 | 621 |
*,1 | Butterfly Network Inc. | 521,308 | 620 |
*,1 | Fennec Pharmaceuticals Inc. | 65,243 | 618 |
*,1 | Quantum-Si Inc. | 369,005 | 616 |
*,1 | IGM Biosciences Inc. | 48,647 | 614 |
* | Emergent BioSolutions Inc. | 189,850 | 613 |
* | PepGen Inc. | 36,061 | 611 |
* | Aldeyra Therapeutics Inc. | 166,988 | 604 |
* | Compass Therapeutics Inc. | 327,367 | 583 |
* | 908 Devices Inc. | 78,718 | 579 |
*,1 | Pulse Biosciences Inc. | 58,132 | 574 |
* | Outset Medical Inc. | 182,177 | 574 |
* | Foghorn Therapeutics Inc. | 72,746 | 562 |
* | FibroGen Inc. | 327,294 | 560 |
* | Inogen Inc. | 83,973 | 558 |
* | Merrimack Pharmaceuticals Inc. | 37,144 | 546 |
* | Bluebird Bio Inc. | 389,547 | 541 |
* | Sanara Medtech Inc. | 14,110 | 537 |
Shares | Market Value• ($000) | ||
* | ClearPoint Neuro Inc. | 81,999 | 524 |
* | Lineage Cell Therapeutics Inc. | 483,523 | 503 |
* | Immuneering Corp. Class A | 81,059 | 503 |
* | Joint Corp. | 50,736 | 500 |
* | Nautilus Biotechnology Inc. | 184,831 | 497 |
* | Akoya Biosciences Inc. | 85,897 | 493 |
*,1 | Genelux Corp. | 67,063 | 490 |
* | Optinose Inc. | 261,768 | 466 |
* | Karyopharm Therapeutics Inc. | 398,701 | 462 |
* | Computer Programs and Systems Inc. | 51,783 | 459 |
* | Aveanna Healthcare Holdings Inc. | 184,704 | 438 |
* | Trevi Therapeutics Inc. | 149,962 | 438 |
*,1 | X4 Pharmaceuticals Inc. | 442,300 | 429 |
* | BioAtla Inc. | 158,795 | 429 |
* | Generation Bio Co. | 162,440 | 408 |
* | Tela Bio Inc. | 59,231 | 400 |
* | Seres Therapeutics Inc. | 349,178 | 398 |
*,1 | Verrica Pharmaceuticals Inc. | 75,286 | 397 |
*,1 | Protalix BioTherapeutics Inc. | 240,792 | 392 |
* | Seer Inc. | 210,612 | 383 |
* | Allakos Inc. | 244,504 | 362 |
*,1 | Omega Therapeutics Inc. | 87,514 | 360 |
*,1 | Orchestra BioMed Holdings Inc. | 53,004 | 341 |
* | Graphite Bio Inc. | 100,278 | 340 |
*,1 | Citius Pharmaceuticals Inc. | 441,347 | 339 |
*,2 | Scilex Holding Co. (Acquired 1/6/23, Cost $1,735) | 165,557 | 338 |
* | Innovage Holding Corp. | 67,831 | 328 |
* | Design Therapeutics Inc. | 117,495 | 327 |
* | Mural Oncology plc | 60,148 | 318 |
Cartesian Therapeutics Inc. (XNMS) | 430,868 | 315 | |
* | Vor BioPharma Inc. | 135,233 | 311 |
* | Sight Sciences Inc. | 77,326 | 311 |
* | Century Therapeutics Inc. | 84,353 | 310 |
* | Biote Corp. Class A | 50,093 | 298 |
* | Aclaris Therapeutics Inc. | 249,609 | 297 |
* | Assertio Holdings Inc. | 326,054 | 288 |
* | American Healthcare REIT Inc. | 21,090 | 288 |
*,1 | AirSculpt Technologies Inc. | 44,017 | 278 |
* | Atara Biotherapeutics Inc. | 355,044 | 276 |
* | Cue Biopharma Inc. | 131,387 | 273 |
* | Kezar Life Sciences Inc. | 256,223 | 269 |
*,1 | Nuvectis Pharma Inc. | 27,118 | 268 |
* | KORU Medical Systems Inc. | 125,360 | 266 |
*,1 | ProKidney Corp. | 162,680 | 265 |
* | PMV Pharmaceuticals Inc. | 139,179 | 257 |
* | Adicet Bio Inc. | 108,833 | 256 |
* | Rallybio Corp. | 109,558 | 255 |
1 | Carisma Therapeutics Inc. | 95,454 | 246 |
*,1 | Outlook Therapeutics Inc. | 558,251 | 244 |
* | NGM Biopharmaceuticals Inc. | 158,459 | 241 |
* | Eyenovia Inc. | 111,060 | 240 |
Shares | Market Value• ($000) | ||
*,1 | Bioxcel Therapeutics Inc. | 73,950 | 235 |
* | Zura Bio Ltd. | 62,239 | 229 |
* | Prelude Therapeutics Inc. | 52,522 | 226 |
* | Eagle Pharmaceuticals Inc. | 36,874 | 216 |
*,1 | Beyond Air Inc. | 98,661 | 202 |
* | Vigil Neuroscience Inc. | 57,900 | 201 |
* | Cargo Therapeutics Inc. | 7,228 | 175 |
* | Ikena Oncology Inc. | 112,941 | 162 |
* | Vicarious Surgical Inc. | 365,604 | 155 |
* | P3 Health Partners Inc. | 143,808 | 150 |
* | Acrivon Therapeutics Inc. | 30,894 | 150 |
*,1 | Cutera Inc. | 66,557 | 149 |
* | Cara Therapeutics Inc. | 168,229 | 143 |
* | CG oncology Inc. | 3,084 | 138 |
* | Allovir Inc. | 184,591 | 136 |
*,1 | Vaxxinity Inc. Class A | 153,041 | 131 |
*,1 | Sagimet Biosciences Inc. Class A | 19,269 | 118 |
* | Aadi Bioscience Inc. | 58,881 | 116 |
* | BrightSpring Health Services Inc. | 12,321 | 111 |
* | Turnstone Biologics Corp. | 23,120 | 105 |
*,1 | Fractyl Health Inc. | 8,917 | 80 |
* | Reneo Pharmaceuticals Inc. | 46,759 | 77 |
* | CareMax Inc. | 8,995 | 69 |
* | Kyverna Therapeutics Inc. | 2,426 | 66 |
*,1 | BioVie Inc. | 44,225 | 55 |
*,1 | Ocean Biomedical Inc. | 31,247 | 55 |
* | Bright Green Corp. | 208,310 | 52 |
* | Metagenomi Inc. | 3,615 | 43 |
*,1,3 | Tobira Therapeutics Inc. CVR | 6,227 | 28 |
* | ArriVent Biopharma Inc. | 1,256 | 27 |
*,3 | PDL BioPharma Inc. | 712 | 1 |
*,3 | Synergy Pharmaceuticals LLC | 224,815 | — |
*,3 | Achillion Pharmaceuticals Inc. CVR | 1,085 | — |
*,3 | Flexion Therape CVR | 111 | — |
*,3 | OmniAb Inc. 12.5 Earnout | 14,203 | — |
*,3 | OmniAb Inc. 15 Earnout | 14,203 | — |
* | Cano Health Inc. | 1 | — |
1,458,197 | |||
Industrials (18.9%) | |||
Comfort Systems USA Inc. | 128,578 | 39,310 | |
Simpson Manufacturing Co. Inc. | 155,945 | 32,543 | |
* | API Group Corp. | 761,144 | 26,678 |
Applied Industrial Technologies Inc. | 140,489 | 26,677 | |
Atkore Inc. | 137,646 | 23,317 | |
* | ATI Inc. | 469,246 | 23,078 |
* | Chart Industries Inc. | 156,296 | 22,328 |
AAON Inc. | 246,356 | 20,689 | |
Installed Building Products Inc. | 86,259 | 20,610 | |
FTAI Aviation Ltd. | 362,269 | 20,392 | |
Watts Water Technologies Inc. Class A | 99,583 | 20,310 | |
* | Beacon Roofing Supply Inc. | 230,042 | 19,758 |
* | Fluor Corp. | 518,992 | 19,099 |
* | SPX Technologies Inc. | 160,393 | 18,796 |
Shares | Market Value• ($000) | ||
* | Summit Materials Inc. Class A | 434,685 | 18,565 |
Maximus Inc. | 221,519 | 18,532 | |
* | ExlService Holdings Inc. | 588,476 | 18,313 |
* | StoneCo. Ltd. Class A | 1,058,968 | 18,225 |
Federal Signal Corp. | 218,052 | 17,861 | |
Franklin Electric Co. Inc. | 168,061 | 17,472 | |
Zurn Elkay Water Solutions Corp. | 538,568 | 17,100 | |
* | ASGN Inc. | 172,164 | 17,099 |
Badger Meter Inc. | 107,161 | 17,005 | |
* | Modine Manufacturing Co. | 187,069 | 16,782 |
GATX Corp. | 129,099 | 16,375 | |
Herc Holdings Inc. | 103,127 | 16,364 | |
HB Fuller Co. | 196,669 | 15,641 | |
Moog Inc. Class A | 103,449 | 15,512 | |
* | Itron Inc. | 165,801 | 15,366 |
* | Knife River Corp. | 205,685 | 15,239 |
* | TriNet Group Inc. | 116,817 | 14,954 |
Exponent Inc. | 184,347 | 14,912 | |
Kadant Inc. | 42,281 | 14,261 | |
Matson Inc. | 125,799 | 13,970 | |
Brink's Co. | 167,964 | 13,912 | |
Terex Corp. | 241,829 | 13,869 | |
EnerSys | 150,113 | 13,792 | |
Otter Tail Corp. | 150,175 | 13,585 | |
* | Alight Inc. Class A | 1,507,405 | 13,582 |
* | GMS Inc. | 149,382 | 13,341 |
* | Dycom Industries Inc. | 104,331 | 13,197 |
Encore Wire Corp. | 54,705 | 13,184 | |
Insperity Inc. | 129,451 | 13,177 | |
Belden Inc. | 154,631 | 13,171 | |
* | CBIZ Inc. | 174,138 | 13,153 |
* | ACI Worldwide Inc. | 394,744 | 12,991 |
CSW Industrials Inc. | 55,843 | 12,866 | |
ArcBest Corp. | 86,559 | 12,366 | |
Hillenbrand Inc. | 254,969 | 12,124 | |
Korn Ferry | 189,969 | 12,093 | |
* | AeroVironment Inc. | 94,773 | 12,016 |
Enpro Inc. | 76,403 | 11,905 | |
* | Resideo Technologies Inc. | 532,991 | 11,902 |
John Bean Technologies Corp. | 115,977 | 11,769 | |
Scorpio Tankers Inc. | 173,642 | 11,657 | |
* | Sterling Infrastructure Inc. | 108,956 | 11,619 |
* | Marqeta Inc. Class A | 1,747,298 | 11,410 |
McGrath RentCorp. | 90,011 | 11,205 | |
* | Verra Mobility Corp. | 507,839 | 10,979 |
* | Flywire Corp. | 386,413 | 10,970 |
Griffon Corp. | 152,528 | 10,890 | |
Albany International Corp. Class A | 113,809 | 10,683 | |
ICF International Inc. | 68,139 | 10,551 | |
* | Masonite International Corp. | 81,012 | 10,551 |
* | PagSeguro Digital Ltd. Class A | 722,442 | 10,056 |
* | Remitly Global Inc. | 484,201 | 9,984 |
ABM Industries Inc. | 240,975 | 9,955 | |
* | Hub Group Inc. Class A | 228,426 | 9,715 |
* | MYR Group Inc. | 59,694 | 9,698 |
* | O-I Glass Inc. | 565,409 | 9,567 |
* | Kratos Defense & Security Solutions Inc. | 523,807 | 9,554 |
ESCO Technologies Inc. | 93,240 | 9,500 | |
Patrick Industries Inc. | 77,599 | 9,307 |
Shares | Market Value• ($000) | ||
Werner Enterprises Inc. | 230,548 | 9,254 | |
UniFirst Corp. | 54,580 | 9,209 | |
* | RXO Inc. | 422,822 | 9,099 |
Mueller Water Products Inc. Class A | 564,722 | 8,781 | |
* | PGT Innovations Inc. | 206,308 | 8,617 |
* | Gibraltar Industries Inc. | 111,084 | 8,603 |
EVERTEC Inc. | 237,538 | 8,582 | |
Granite Construction Inc. | 160,275 | 8,259 | |
* | AAR Corp. | 123,050 | 8,217 |
* | Masterbrand Inc. | 472,038 | 8,171 |
International Seaways Inc. | 147,839 | 7,825 | |
* | AMN Healthcare Services Inc. | 138,783 | 7,809 |
* | OSI Systems Inc. | 58,636 | 7,692 |
Tennant Co. | 67,466 | 7,636 | |
Primoris Services Corp. | 193,230 | 7,635 | |
Trinity Industries Inc. | 295,505 | 7,500 | |
Alamo Group Inc. | 36,663 | 7,417 | |
Kennametal Inc. | 293,560 | 7,409 | |
Standex International Corp. | 42,656 | 7,379 | |
Textainer Group Holdings Ltd. | 146,805 | 7,326 | |
* | AvidXchange Holdings Inc. | 543,442 | 7,222 |
* | Mirion Technologies Inc. | 729,012 | 7,130 |
* | Construction Partners Inc. Class A | 146,076 | 7,023 |
Bread Financial Holdings Inc. | 180,924 | 6,926 | |
* | Hillman Solutions Corp. | 710,578 | 6,921 |
* | Huron Consulting Group Inc. | 69,107 | 6,781 |
Enerpac Tool Group Corp. | 198,901 | 6,705 | |
H&E Equipment Services Inc. | 117,213 | 6,621 | |
AZZ Inc. | 90,402 | 6,581 | |
* | Cimpress plc | 65,218 | 6,392 |
* | CoreCivic Inc. | 413,647 | 6,300 |
Barnes Group Inc. | 178,066 | 6,222 | |
*,1 | Bloom Energy Corp. Class A | 700,985 | 6,148 |
Powell Industries Inc. | 33,024 | 6,117 | |
* | American Woodmark Corp. | 59,617 | 5,976 |
* | Donnelley Financial Solutions Inc. | 90,086 | 5,816 |
Golden Ocean Group Ltd. | 448,613 | 5,774 | |
Greenbrier Cos. Inc. | 110,915 | 5,740 | |
*,1 | Joby Aviation Inc. | 1,014,061 | 5,699 |
* | Leonardo DRS Inc. | 249,884 | 5,675 |
Greif Inc. Class A | 87,597 | 5,646 | |
* | JELD-WEN Holding Inc. | 309,238 | 5,628 |
SFL Corp. Ltd. | 418,281 | 5,588 | |
Napco Security Technologies Inc. | 121,000 | 5,449 | |
DHT Holdings Inc. | 499,067 | 5,400 | |
* | Legalzoom.com Inc. | 430,862 | 5,343 |
Helios Technologies Inc. | 120,823 | 5,334 | |
* | NV5 Global Inc. | 50,503 | 5,137 |
*,1 | Enovix Corp. | 504,278 | 4,917 |
Kforce Inc. | 69,504 | 4,840 | |
Lindsay Corp. | 40,331 | 4,812 | |
Teekay Tankers Ltd. Class A | 86,833 | 4,760 | |
Kaman Corp. | 102,368 | 4,689 | |
* | Payoneer Global Inc. | 963,991 | 4,685 |
Shares | Market Value• ($000) | ||
*,1 | Rocket Lab USA Inc. | 1,014,479 | 4,651 |
Apogee Enterprises Inc. | 80,430 | 4,601 | |
Wabash National Corp. | 167,682 | 4,574 | |
Dorian LPG Ltd. | 125,666 | 4,543 | |
* | Janus International Group Inc. | 308,273 | 4,424 |
Columbus McKinnon Corp. | 102,962 | 4,301 | |
* | Montrose Environmental Group Inc. | 101,260 | 4,190 |
Quanex Building Products Corp. | 119,797 | 4,143 | |
Marten Transport Ltd. | 211,296 | 3,983 | |
* | BlueLinx Holdings Inc. | 30,955 | 3,927 |
* | SP Plus Corp. | 71,337 | 3,667 |
TriMas Corp. | 151,002 | 3,549 | |
VSE Corp. | 47,462 | 3,517 | |
* | Proto Labs Inc. | 95,827 | 3,491 |
Forward Air Corp. | 93,926 | 3,487 | |
Astec Industries Inc. | 82,611 | 3,354 | |
* | Thermon Group Holdings Inc. | 121,805 | 3,324 |
* | IES Holdings Inc. | 30,071 | 3,305 |
* | Triumph Group Inc. | 233,849 | 3,250 |
CRA International Inc. | 24,512 | 3,249 | |
* | Aspen Aerogels Inc. | 186,237 | 3,200 |
* | Energy Recovery Inc. | 202,986 | 3,173 |
* | Transcat Inc. | 30,120 | 3,167 |
Genco Shipping & Trading Ltd. | 153,869 | 3,139 | |
* | ZipRecruiter Inc. Class A | 245,976 | 3,129 |
* | Aurora Innovation Inc. | 1,231,009 | 3,127 |
* | Blue Bird Corp. | 91,797 | 3,106 |
Gorman-Rupp Co. | 83,122 | 3,103 | |
First Advantage Corp. | 196,529 | 3,078 | |
Deluxe Corp. | 158,511 | 3,077 | |
Nordic American Tankers Ltd. | 748,400 | 3,046 | |
* | Vicor Corp. | 80,662 | 3,004 |
Barrett Business Services Inc. | 23,869 | 2,912 | |
Kelly Services Inc. Class A | 113,720 | 2,790 | |
* | CryoPort Inc. | 157,587 | 2,785 |
1 | Flex LNG Ltd. | 108,763 | 2,745 |
*,1 | Archer Aviation Inc. Class A | 554,881 | 2,680 |
* | Repay Holdings Corp. | 301,697 | 2,622 |
Pitney Bowes Inc. | 639,640 | 2,578 | |
Myers Industries Inc. | 133,004 | 2,558 | |
Cadre Holdings Inc. | 70,725 | 2,541 | |
* | Air Transport Services Group Inc. | 205,173 | 2,476 |
Insteel Industries Inc. | 67,934 | 2,473 | |
1 | Ardmore Shipping Corp. | 151,728 | 2,463 |
Heidrick & Struggles International Inc. | 72,024 | 2,449 | |
*,1 | PureCycle Technologies Inc. | 422,699 | 2,447 |
* | CECO Environmental Corp. | 107,877 | 2,443 |
* | Titan International Inc. | 190,206 | 2,427 |
Cass Information Systems Inc. | 49,655 | 2,399 | |
Hyster-Yale Materials Handling Inc. | 40,563 | 2,388 | |
REV Group Inc. | 114,657 | 2,367 | |
* | Ducommun Inc. | 48,939 | 2,335 |
* | Hudson Technologies Inc. | 158,902 | 2,328 |
Shares | Market Value• ($000) | ||
* | International Money Express Inc. | 116,784 | 2,301 |
* | Cross Country Healthcare Inc. | 125,057 | 2,285 |
Heartland Express Inc. | 170,775 | 2,182 | |
Argan Inc. | 45,780 | 2,145 | |
* | Conduent Inc. | 623,667 | 2,145 |
Pactiv Evergreen Inc. | 144,939 | 2,138 | |
* | Great Lakes Dredge & Dock Corp. | 237,561 | 2,124 |
*,1 | Virgin Galactic Holdings Inc. | 1,193,165 | 2,076 |
Douglas Dynamics Inc. | 82,254 | 2,065 | |
Eagle Bulk Shipping Inc. | 33,473 | 2,051 | |
Mesa Laboratories Inc. | 18,699 | 2,042 | |
* | Evolv Technologies Holdings Inc. | 416,339 | 1,986 |
United States Lime & Minerals Inc. | 7,689 | 1,961 | |
Costamare Inc. | 168,250 | 1,913 | |
* | Titan Machinery Inc. | 74,900 | 1,890 |
Ennis Inc. | 92,767 | 1,885 | |
* | Astronics Corp. | 95,826 | 1,837 |
Miller Industries Inc. | 40,488 | 1,822 | |
* | Sterling Check Corp. | 113,371 | 1,777 |
* | DXP Enterprises Inc. | 49,601 | 1,762 |
* | Manitowoc Co. Inc. | 126,386 | 1,762 |
* | Tutor Perini Corp. | 154,850 | 1,754 |
* | I3 Verticals Inc. Class A | 81,676 | 1,741 |
* | Teekay Corp. | 225,390 | 1,706 |
* | Paysafe Ltd. | 118,027 | 1,700 |
*,1 | Nikola Corp. | 2,252,057 | 1,676 |
FTAI Infrastructure Inc. | 360,387 | 1,651 | |
* | Limbach Holdings Inc. | 33,263 | 1,638 |
Resources Connection Inc. | 117,614 | 1,627 | |
* | Franklin Covey Co. | 42,246 | 1,613 |
* | V2X Inc. | 41,897 | 1,613 |
* | Vishay Precision Group Inc. | 45,105 | 1,558 |
* | FARO Technologies Inc. | 68,542 | 1,535 |
Covenant Logistics Group Inc. | 30,448 | 1,482 | |
LSI Industries Inc. | 101,682 | 1,467 | |
National Presto Industries Inc. | 18,619 | 1,440 | |
*,1 | Atmus Filtration Technologies Inc. | 59,889 | 1,430 |
* | Green Dot Corp. Class A | 169,174 | 1,389 |
Overseas Shipholding Group Inc. Class A | 224,457 | 1,365 | |
* | Cantaloupe Inc. | 208,077 | 1,352 |
Allient Inc. | 47,072 | 1,338 | |
* | Custom Truck One Source Inc. | 207,437 | 1,332 |
* | BrightView Holdings Inc. | 151,212 | 1,317 |
* | TrueBlue Inc. | 110,026 | 1,293 |
* | Bowman Consulting Group Ltd. | 39,500 | 1,287 |
Shyft Group Inc. | 123,107 | 1,269 | |
Preformed Line Products Co. | 9,057 | 1,245 | |
Greif Inc. Class B | 19,378 | 1,241 | |
TTEC Holdings Inc. | 70,808 | 1,236 | |
* | Daseke Inc. | 149,489 | 1,233 |
* | Advantage Solutions Inc. | 316,653 | 1,206 |
* | Distribution Solutions Group Inc. | 36,414 | 1,144 |
Shares | Market Value• ($000) | ||
Safe Bulkers Inc. | 242,800 | 1,127 | |
* | Target Hospitality Corp. | 113,530 | 1,099 |
Pangaea Logistics Solutions Ltd. | 130,910 | 1,097 | |
Park Aerospace Corp. | 67,550 | 1,028 | |
* | Hyliion Holdings Corp. | 530,094 | 965 |
Luxfer Holdings plc | 97,072 | 963 | |
* | Willdan Group Inc. | 44,171 | 922 |
* | Forrester Research Inc. | 42,315 | 853 |
Park-Ohio Holdings Corp. | 31,263 | 840 | |
Universal Logistics Holdings Inc. | 24,527 | 830 | |
* | Aersale Corp. | 93,454 | 826 |
* | Iteris Inc. | 157,028 | 820 |
*,1 | Himalaya Shipping Ltd. | 102,496 | 809 |
* | Luna Innovations Inc. | 118,356 | 802 |
* | Commercial Vehicle Group Inc. | 117,786 | 770 |
* | Radiant Logistics Inc. | 132,124 | 766 |
* | Concrete Pumping Holdings Inc. | 93,274 | 764 |
* | Ranpak Holdings Corp. | 156,433 | 743 |
Kronos Worldwide Inc. | 79,528 | 723 | |
Karat Packaging Inc. | 24,422 | 723 | |
* | Performant Financial Corp. | 247,694 | 721 |
* | Global Business Travel Group I | 118,973 | 714 |
* | Hireright Holdings Corp. | 50,193 | 711 |
* | Blade Air Mobility Inc. | 216,353 | 688 |
*,1 | Microvast Holdings Inc. | 780,667 | 672 |
Quad/Graphics Inc. | 111,412 | 667 | |
* | Mistras Group Inc. | 75,122 | 650 |
*,1 | Ispire Technology Inc. | 64,174 | 649 |
* | Gencor Industries Inc. | 38,618 | 633 |
* | BlackSky Technology Inc. | 437,890 | 622 |
*,1 | Desktop Metal Inc. Class A | 1,015,462 | 621 |
* | SoundThinking Inc. | 34,782 | 605 |
Trinseo plc | 127,244 | 573 | |
* | Atlanticus Holdings Corp. | 16,914 | 561 |
* | Acacia Research Corp. | 136,277 | 551 |
Information Services Group Inc. | 125,943 | 545 | |
* | CS Disco Inc. | 81,102 | 540 |
* | IBEX Holdings Ltd. | 33,657 | 537 |
* | Mayville Engineering Co. Inc. | 41,185 | 504 |
* | Willis Lease Finance Corp. | 10,482 | 502 |
* | Core Molding Technologies Inc. | 26,705 | 491 |
* | DHI Group Inc. | 155,765 | 441 |
*,1 | Danimer Scientific Inc. | 315,044 | 422 |
* | PAM Transportation Services Inc. | 22,237 | 412 |
*,1 | Terran Orbital Corp. | 360,575 | 389 |
*,1 | Eos Energy Enterprises Inc. | 391,247 | 373 |
EVI Industries Inc. | 17,267 | 372 | |
* | Paysign Inc. | 117,172 | 359 |
*,1 | Eve Holding Inc. | 64,460 | 358 |
* | 374Water Inc. | 230,764 | 307 |
*,1 | SKYX Platforms Corp. | 227,365 | 293 |
* | CompoSecure Inc. | 58,934 | 285 |
* | CPI Card Group Inc. | 14,865 | 281 |
*,1 | Babcock & Wilcox Enterprises Inc. | 212,072 | 271 |
Shares | Market Value• ($000) | ||
*,1,3 | Tingo Group Inc. | 370,341 | 256 |
Hirequest Inc. | 18,950 | 254 | |
*,1 | Workhorse Group Inc. | 754,852 | 253 |
* | Priority Technology Holdings Inc. | 64,619 | 214 |
* | Skillsoft Corp. | 15,708 | 192 |
* | INNOVATE Corp. | 196,498 | 154 |
* | Redwire Corp. | 27,955 | 90 |
*,1 | Velo3D Inc. | 320,912 | 88 |
*,1 | Dragonfly Energy Holdings Corp. | 100,915 | 66 |
* | Amprius Technologies Inc. | 18,998 | 62 |
* | Southland Holdings Inc. | 13,497 | 62 |
* | TuSimple Holdings Inc. Class A | 2,412 | 1 |
1,772,990 | |||
Other (0.0%)4 | |||
* | Alto Neuroscience Inc. | 2,379 | 37 |
*,3 | Aduro Biotech Inc. CVR | 17,431 | 3 |
*,3 | GTX Inc. CVR | 846 | 1 |
*,3 | Chinook Therapeutics Inc. CVR | 704 | — |
41 | |||
Real Estate (5.8%) | |||
Ryman Hospitality Properties Inc. | 212,549 | 25,183 | |
Terreno Realty Corp. | 301,468 | 19,384 | |
Kite Realty Group Trust | 792,175 | 16,960 | |
Phillips Edison & Co. Inc. | 429,320 | 15,335 | |
Essential Properties Realty Trust Inc. | 567,473 | 13,557 | |
PotlatchDeltic Corp. | 287,773 | 13,010 | |
Macerich Co. | 786,727 | 12,910 | |
Apple Hospitality REIT Inc. | 784,550 | 12,623 | |
Independence Realty Trust Inc. | 821,092 | 12,021 | |
Sabra Health Care REIT Inc. | 842,451 | 11,693 | |
1 | SL Green Realty Corp. | 235,906 | 11,437 |
DigitalBridge Group Inc. | 588,841 | 10,817 | |
Tanger Inc. | 371,919 | 10,715 | |
Broadstone Net Lease Inc. | 684,015 | 10,199 | |
COPT Defense Properties | 410,269 | 9,941 | |
Innovative Industrial Properties Inc. | 101,394 | 9,936 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 385,160 | 9,694 | |
SITE Centers Corp. | 693,598 | 9,419 | |
LXP Industrial Trust | 1,054,329 | 9,131 | |
National Health Investors Inc. | 151,740 | 8,721 | |
Sunstone Hotel Investors Inc. | 757,934 | 8,481 | |
CareTrust REIT Inc. | 364,172 | 8,216 | |
Four Corners Property Trust Inc. | 329,190 | 7,960 | |
Douglas Emmett Inc. | 587,083 | 7,761 | |
Outfront Media Inc. | 537,203 | 7,720 | |
DiamondRock Hospitality Co. | 765,307 | 7,194 | |
Urban Edge Properties | 418,096 | 7,112 | |
* | Equity Commonwealth | 371,312 | 6,992 |
Pebblebrook Hotel Trust | 432,663 | 6,853 |
Shares | Market Value• ($000) | ||
St. Joe Co. | 125,581 | 6,765 | |
RLJ Lodging Trust | 563,792 | 6,692 | |
InvenTrust Properties Corp. | 247,258 | 6,243 | |
*,1 | Opendoor Technologies Inc. | 2,021,518 | 6,226 |
JBG SMITH Properties | 369,420 | 6,125 | |
* | Cushman & Wakefield plc | 604,603 | 6,040 |
Xenia Hotels & Resorts Inc. | 390,934 | 5,997 | |
Retail Opportunity Investments Corp. | 448,042 | 5,793 | |
Acadia Realty Trust | 340,172 | 5,575 | |
Newmark Group Inc. Class A | 500,133 | 5,396 | |
* | GEO Group Inc. | 438,065 | 5,375 |
Global Net Lease Inc. | 708,469 | 5,108 | |
Uniti Group Inc. | 866,893 | 5,080 | |
Empire State Realty Trust Inc. Class A | 480,972 | 4,795 | |
LTC Properties Inc. | 149,267 | 4,696 | |
Getty Realty Corp. | 173,417 | 4,571 | |
Alexander & Baldwin Inc. | 263,715 | 4,288 | |
NETSTREIT Corp. | 251,602 | 4,229 | |
Veris Residential Inc. | 287,630 | 4,199 | |
Elme Communities | 320,164 | 4,124 | |
Easterly Government Properties Inc. | 349,065 | 4,119 | |
* | Compass Inc. Class A | 1,036,399 | 4,094 |
Service Properties Trust | 600,241 | 4,082 | |
* | Apartment Investment and Management Co. Class A | 532,370 | 3,929 |
American Assets Trust Inc. | 177,756 | 3,834 | |
Kennedy-Wilson Holdings Inc. | 435,882 | 3,827 | |
Safehold Inc. | 177,025 | 3,562 | |
Plymouth Industrial REIT Inc. | 160,497 | 3,462 | |
1 | eXp World Holdings Inc. | 258,909 | 3,392 |
UMH Properties Inc. | 217,832 | 3,355 | |
Hudson Pacific Properties Inc. | 502,703 | 3,187 | |
Marcus & Millichap Inc. | 86,323 | 3,167 | |
Centerspace | 54,934 | 3,054 | |
Paramount Group Inc. | 671,986 | 2,977 | |
Diversified Healthcare Trust | 871,481 | 2,858 | |
* | Redfin Corp. | 397,970 | 2,828 |
Piedmont Office Realty Trust Inc. Class A | 449,167 | 2,816 | |
Brandywine Realty Trust | 619,138 | 2,662 | |
Community Healthcare Trust Inc. | 96,865 | 2,629 | |
Armada Hoffler Properties Inc. | 245,326 | 2,497 | |
* | Anywhere Real Estate Inc. | 393,045 | 2,464 |
Summit Hotel Properties Inc. | 382,244 | 2,454 | |
NexPoint Residential Trust Inc. | 82,282 | 2,403 | |
CBL & Associates Properties Inc. | 97,682 | 2,253 | |
* | Forestar Group Inc. | 66,642 | 2,247 |
Whitestone REIT | 176,435 | 2,174 | |
Global Medical REIT Inc. | 221,091 | 1,979 |
Shares | Market Value• ($000) | ||
Farmland Partners Inc. | 162,799 | 1,921 | |
Peakstone Realty Trust REIT | 131,872 | 1,816 | |
Universal Health Realty Income Trust | 46,696 | 1,811 | |
Gladstone Commercial Corp. | 144,951 | 1,795 | |
Chatham Lodging Trust | 175,420 | 1,789 | |
Alexander's Inc. | 8,023 | 1,774 | |
Gladstone Land Corp. | 121,509 | 1,581 | |
Saul Centers Inc. | 41,990 | 1,520 | |
* | FRP Holdings Inc. | 23,779 | 1,432 |
Ares Commercial Real Estate Corp. | 189,398 | 1,428 | |
CTO Realty Growth Inc. | 80,400 | 1,371 | |
RMR Group Inc. Class A | 55,698 | 1,363 | |
* | Tejon Ranch Co. | 76,188 | 1,267 |
One Liberty Properties Inc. | 59,374 | 1,202 | |
Postal Realty Trust Inc. Class A | 73,997 | 1,060 | |
Orion Office REIT Inc. | 207,073 | 727 | |
Alpine Income Property Trust Inc. | 46,158 | 721 | |
BRT Apartments Corp. | 42,497 | 658 | |
City Office REIT Inc. | 140,480 | 643 | |
* | Star Holdings | 46,253 | 571 |
Braemar Hotels & Resorts Inc. | 235,675 | 537 | |
RE/MAX Holdings Inc. Class A | 63,001 | 537 | |
Douglas Elliman Inc. | 291,186 | 536 | |
* | Maui Land & Pineapple Co. Inc. | 27,063 | 530 |
Office Properties Income Trust | 173,935 | 464 | |
* | Stratus Properties Inc. | 20,979 | 458 |
Clipper Realty Inc. | 42,010 | 197 | |
* | Transcontinental Realty Investors Inc. | 4,617 | 179 |
* | American Realty Investors Inc. | 5,123 | 99 |
Physicians Realty Trust | 236 | 3 | |
540,587 | |||
Technology (13.4%) | |||
* | Super Micro Computer Inc. | 168,654 | 146,075 |
*,1 | MicroStrategy Inc. Class A | 44,552 | 45,570 |
* | Onto Innovation Inc. | 178,010 | 32,782 |
* | Fabrinet | 133,819 | 28,847 |
* | SPS Commerce Inc. | 133,274 | 24,677 |
* | Rambus Inc. | 396,687 | 23,500 |
* | Qualys Inc. | 135,474 | 23,283 |
* | Novanta Inc. | 130,503 | 22,569 |
* | Varonis Systems Inc. | 395,445 | 20,089 |
* | Tenable Holdings Inc. | 415,506 | 20,011 |
* | Insight Enterprises Inc. | 104,436 | 19,634 |
* | MACOM Technology Solutions Holdings Inc. | 197,853 | 17,476 |
* | Appfolio Inc. Class A | 69,596 | 16,848 |
* | Altair Engineering Inc. Class A | 197,675 | 16,818 |
* | Silicon Laboratories Inc. | 115,409 | 15,873 |
* | Workiva Inc. | 180,974 | 15,585 |
* | CommVault Systems Inc. | 160,108 | 15,324 |
Power Integrations Inc. | 206,737 | 14,773 | |
* | Synaptics Inc. | 143,833 | 14,398 |
Shares | Market Value• ($000) | ||
Advanced Energy Industries Inc. | 136,781 | 13,842 | |
* | Axcelis Technologies Inc. | 118,508 | 13,352 |
* | Box Inc. Class A | 512,981 | 13,230 |
* | Alarm.com Holdings Inc. | 174,052 | 13,174 |
* | Sanmina Corp. | 205,489 | 12,987 |
* | Rapid7 Inc. | 220,648 | 12,926 |
Amkor Technology Inc. | 409,197 | 12,693 | |
* | Parsons Corp. | 150,087 | 12,099 |
* | FormFactor Inc. | 280,829 | 12,084 |
* | Freshworks Inc. Class A | 589,384 | 12,047 |
* | Blackline Inc. | 207,272 | 11,759 |
* | Ziff Davis Inc. | 168,267 | 11,570 |
* | Diodes Inc. | 164,170 | 11,160 |
* | Blackbaud Inc. | 158,507 | 10,966 |
*,1 | C3.ai Inc. Class A | 295,569 | 10,927 |
* | Braze Inc. Class A | 190,638 | 10,847 |
* | Sprout Social Inc. Class A | 173,614 | 10,733 |
Vishay Intertechnology Inc. | 469,114 | 10,203 | |
Kulicke & Soffa Industries Inc. | 201,746 | 9,607 | |
* | Q2 Holdings Inc. | 207,144 | 9,576 |
* | Plexus Corp. | 99,849 | 9,426 |
* | Envestnet Inc. | 182,205 | 9,389 |
* | Yelp Inc. | 241,924 | 9,300 |
* | Impinj Inc. | 85,097 | 9,294 |
* | Cleanspark Inc. | 544,033 | 9,096 |
* | Credo Technology Group Holding Ltd. | 417,102 | 8,984 |
* | DigitalOcean Holdings Inc. | 230,854 | 8,754 |
Progress Software Corp. | 158,415 | 8,453 | |
* | LiveRamp Holdings Inc. | 239,550 | 8,379 |
* | Perficient Inc. | 124,949 | 8,105 |
* | PagerDuty Inc. | 329,697 | 7,965 |
* | ePlus Inc. | 96,478 | 7,949 |
Xerox Holdings Corp. | 425,424 | 7,934 | |
* | Cargurus Inc. | 355,661 | 7,874 |
* | Ambarella Inc. | 137,719 | 7,692 |
* | Verint Systems Inc. | 227,192 | 7,182 |
* | Rogers Corp. | 63,080 | 7,069 |
* | Ultra Clean Holdings Inc. | 162,052 | 7,001 |
* | Veeco Instruments Inc. | 185,115 | 6,703 |
* | Photronics Inc. | 222,103 | 6,394 |
CSG Systems International Inc. | 114,851 | 6,266 | |
* | Fastly Inc. Class A | 439,490 | 6,250 |
* | Squarespace Inc. Class A | 183,437 | 6,105 |
*,1 | IonQ Inc. | 584,704 | 6,058 |
* | Upwork Inc. | 454,891 | 5,959 |
* | Magnite Inc. | 492,426 | 5,919 |
* | Sitime Corp. | 63,285 | 5,854 |
* | Asana Inc. Class A | 295,612 | 5,824 |
* | PROS Holdings Inc. | 162,763 | 5,819 |
Clear Secure Inc. Class A | 299,147 | 5,759 | |
* | Agilysys Inc. | 72,866 | 5,669 |
* | TTM Technologies Inc. | 376,853 | 5,596 |
* | NetScout Systems Inc. | 252,422 | 5,465 |
* | Cohu Inc. | 169,528 | 5,447 |
* | ACM Research Inc. Class A | 175,243 | 5,419 |
* | MaxLinear Inc. | 276,768 | 5,380 |
* | Zeta Global Holdings Corp. Class A | 505,708 | 5,310 |
* | Appian Corp. Class A | 149,414 | 5,207 |
* | Schrodinger Inc. | 198,268 | 5,048 |
Shares | Market Value• ($000) | ||
CTS Corp. | 112,817 | 5,027 | |
* | Sprinklr Inc. Class A | 384,076 | 5,005 |
* | Semtech Corp. | 232,698 | 4,933 |
* | Jamf Holding Corp. | 257,237 | 4,628 |
* | Ichor Holdings Ltd. | 103,663 | 4,437 |
Adeia Inc. | 389,260 | 4,414 | |
Shutterstock Inc. | 90,026 | 4,390 | |
* | AvePoint Inc. | 540,204 | 4,322 |
*,1 | PAR Technology Corp. | 96,874 | 4,245 |
* | Bumble Inc. Class A | 368,104 | 4,215 |
* | Everbridge Inc. | 148,042 | 4,185 |
Benchmark Electronics Inc. | 128,619 | 3,950 | |
* | Intapp Inc. | 100,567 | 3,945 |
* | Zuora Inc. Class A | 484,079 | 3,911 |
* | ScanSource Inc. | 90,102 | 3,895 |
* | PDF Solutions Inc. | 111,431 | 3,788 |
* | SMART Global Holdings Inc. | 175,883 | 3,741 |
*,1 | SoundHound AI Inc. Class A | 497,884 | 3,694 |
* | Alkami Technology Inc. | 145,732 | 3,636 |
* | Couchbase Inc. | 126,638 | 3,556 |
Sapiens International Corp. NV | 111,894 | 3,443 | |
* | N-Able Inc. | 253,696 | 3,417 |
A10 Networks Inc. | 256,388 | 3,413 | |
* | Model N Inc. | 138,166 | 3,393 |
* | indie Semiconductor Inc. Class A | 547,682 | 3,390 |
* | PubMatic Inc. Class A | 155,712 | 3,261 |
* | TechTarget Inc. | 92,373 | 2,929 |
* | Amplitude Inc. Class A | 246,237 | 2,920 |
* | Grid Dynamics Holdings Inc. | 204,844 | 2,763 |
PC Connection Inc. | 41,571 | 2,759 | |
* | Vimeo Inc. | 555,886 | 2,663 |
Methode Electronics Inc. | 123,849 | 2,638 | |
* | E2open Parent Holdings Inc. | 618,402 | 2,616 |
* | Navitas Semiconductor Corp. | 397,942 | 2,443 |
* | Xometry Inc. Class A | 123,129 | 2,408 |
Simulations Plus Inc. | 57,728 | 2,396 | |
* | Yext Inc. | 388,006 | 2,297 |
Hackett Group Inc. | 91,315 | 2,257 | |
* | SolarWinds Corp. | 186,224 | 2,224 |
* | Olo Inc. Class A | 377,030 | 2,194 |
* | Cerence Inc. | 146,632 | 2,185 |
* | nLight Inc. | 163,261 | 2,160 |
* | NerdWallet Inc. Class A | 122,955 | 2,074 |
* | Matterport Inc. | 929,426 | 1,970 |
* | 3D Systems Corp. | 475,534 | 1,969 |
* | Kimball Electronics Inc. | 87,253 | 1,964 |
* | SmartRent Inc. | 672,930 | 1,952 |
* | CEVA Inc. | 84,531 | 1,914 |
* | BigCommerce Holdings Inc. Series 1 | 245,336 | 1,901 |
* | Alpha & Omega Semiconductor Ltd. | 84,855 | 1,858 |
* | Mitek Systems Inc. | 158,713 | 1,843 |
* | Digimarc Corp. | 51,698 | 1,813 |
* | MeridianLink Inc. | 95,302 | 1,807 |
* | Bandwidth Inc. Class A | 85,946 | 1,765 |
* | Mediaalpha Inc. Class A | 82,205 | 1,706 |
*,1 | Aehr Test Systems | 100,371 | 1,633 |
*,1 | MicroVision Inc. | 686,418 | 1,620 |
Shares | Market Value• ($000) | ||
* | Definitive Healthcare Corp. | 168,902 | 1,608 |
* | Eventbrite Inc. Class A | 281,691 | 1,577 |
* | Weave Communications Inc. | 121,704 | 1,525 |
NVE Corp. | 17,579 | 1,469 | |
* | SEMrush Holdings Inc. Class A | 114,454 | 1,428 |
* | OneSpan Inc. | 145,653 | 1,400 |
* | Planet Labs PBC | 638,216 | 1,398 |
* | Domo Inc. Class B | 115,803 | 1,333 |
American Software Inc. Class A | 118,028 | 1,324 | |
* | Unisys Corp. | 240,307 | 1,247 |
* | EverQuote Inc. Class A | 77,670 | 1,244 |
* | Grindr Inc. | 150,146 | 1,243 |
*,1 | Applied Digital Corp. | 298,029 | 1,237 |
* | Enfusion Inc. Class A | 137,829 | 1,195 |
* | Daktronics Inc. | 137,538 | 1,194 |
* | Nextdoor Holdings Inc. | 533,575 | 1,169 |
* | Consensus Cloud Solutions Inc. | 71,801 | 1,143 |
* | TrueCar Inc. | 325,326 | 1,132 |
* | Digital Turbine Inc. | 347,769 | 1,102 |
* | Thoughtworks Holding Inc. | 336,583 | 1,050 |
*,1 | Terawulf Inc. | 538,314 | 1,009 |
*,1 | NextNav Inc. | 203,539 | 871 |
* | EverCommerce Inc. | 85,878 | 841 |
*,1 | Bit Digital Inc. | 320,311 | 833 |
ON24 Inc. | 113,113 | 794 | |
Immersion Corp. | 114,942 | 776 | |
* | SkyWater Technology Inc. | 67,034 | 775 |
* | Asure Software Inc. | 83,015 | 774 |
* | Red Violet Inc. | 40,987 | 732 |
* | Innodata Inc. | 94,531 | 700 |
* | Tucows Inc. Class A | 35,817 | 677 |
* | Rimini Street Inc. | 189,300 | 611 |
* | Vivid Seats Inc. Class A | 88,328 | 532 |
*,1 | Atomera Inc. | 82,149 | 518 |
* | Transphorm Inc. | 105,523 | 508 |
* | Viant Technology Inc. Class A | 54,548 | 496 |
* | inTEST Corp. | 42,332 | 494 |
* | Rackspace Technology Inc. | 228,955 | 483 |
* | eGain Corp. | 75,937 | 465 |
*,1 | Cipher Mining Inc. | 153,351 | 454 |
* | Expensify Inc. Class A | 198,280 | 412 |
Richardson Electronics Ltd. | 44,690 | 393 | |
* | Intevac Inc. | 96,406 | 372 |
* | FiscalNote Holdings Inc. | 222,471 | 367 |
* | LivePerson Inc. | 285,740 | 363 |
*,1 | BigBear.ai Holdings Inc. | 107,914 | 363 |
* | Brightcove Inc. | 156,100 | 346 |
* | CoreCard Corp. | 26,249 | 335 |
* | Aeva Technologies Inc. | 285,989 | 289 |
*,1 | Veritone Inc. | 94,167 | 216 |
* | System1 Inc. | 119,872 | 200 |
* | CXApp Inc. | 7,482 | 22 |
*,1 | Presto Automation Inc. | 11,930 | 4 |
* | Veradigm Inc. | 348 | 2 |
1,256,131 |
Shares | Market Value• ($000) | ||
Telecommunications (1.2%) | |||
Cogent Communications Holdings Inc. | 159,248 | 12,885 | |
InterDigital Inc. | 96,036 | 10,278 | |
* | Viavi Solutions Inc. | 805,303 | 7,691 |
* | Calix Inc. | 214,483 | 7,479 |
* | Lumen Technologies Inc. | 3,667,795 | 5,942 |
* | Extreme Networks Inc. | 459,159 | 5,804 |
* | EchoStar Corp. Class A | 442,586 | 5,802 |
Telephone and Data Systems Inc. | 359,922 | 5,507 | |
* | Harmonic Inc. | 400,259 | 5,255 |
* | Globalstar Inc. | 2,548,970 | 3,976 |
* | Digi International Inc. | 127,461 | 3,768 |
* | Infinera Corp. | 724,262 | 3,636 |
Shenandoah Telecommunications Co. | 176,570 | 3,295 | |
* | Liberty Latin America Ltd. Class C | 496,464 | 3,237 |
* | fuboTV Inc. | 1,029,561 | 2,131 |
* | IDT Corp. Class B | 55,624 | 2,070 |
Bel Fuse Inc. Class B | 37,879 | 1,969 | |
* | Gogo Inc. | 241,030 | 1,967 |
* | Anterix Inc. | 46,869 | 1,861 |
*,1 | Lightwave Logic Inc. | 426,226 | 1,794 |
* | Xperi Inc. | 158,246 | 1,734 |
Adtran Holdings Inc. | 282,950 | 1,610 | |
* | NETGEAR Inc. | 104,605 | 1,568 |
* | Aviat Networks Inc. | 41,384 | 1,469 |
* | Clearfield Inc. | 47,146 | 1,422 |
ATN International Inc. | 39,729 | 1,332 | |
* | 8x8 Inc. | 436,904 | 1,236 |
* | Consolidated Communications Holdings Inc. | 277,460 | 1,196 |
Spok Holdings Inc. | 64,738 | 1,163 | |
* | Ribbon Communications Inc. | 322,312 | 964 |
* | AST SpaceMobile Inc. | 293,803 | 931 |
* | Ooma Inc. | 87,049 | 888 |
* | CommScope Holding Co. Inc. | 760,212 | 886 |
* | Liberty Latin America Ltd. Class A | 131,926 | 848 |
* | WideOpenWest Inc. | 182,976 | 732 |
* | Comtech Telecommunications Corp. | 99,715 | 674 |
* | Kaltura Inc. | 309,922 | 412 |
* | KVH Industries Inc. | 67,445 | 320 |
* | Cambium Networks Corp. | 43,989 | 187 |
*,1 | Akoustis Technologies Inc. | 249,528 | 155 |
* | DZS Inc. | 80,657 | 119 |
*,1 | Charge Enterprises Inc. | 436 | — |
116,193 | |||
Utilities (2.6%) | |||
* | Casella Waste Systems Inc. Class A | 205,281 | 18,496 |
Southwest Gas Holdings Inc. | 224,934 | 15,329 | |
Portland General Electric Co. | 369,807 | 14,855 | |
New Jersey Resources Corp. | 353,799 | 14,722 | |
Brookfield Infrastructure Corp. Class A (XTSE) | 436,212 | 14,469 | |
Black Hills Corp. | 245,549 | 12,776 |
Shares | Market Value• ($000) | ||
Ormat Technologies Inc. (XNYS) | 194,659 | 12,682 | |
ONE Gas Inc. | 200,744 | 11,964 | |
ALLETE Inc. | 210,109 | 11,901 | |
PNM Resources Inc. | 311,950 | 11,389 | |
Spire Inc. | 187,385 | 11,116 | |
Northwestern Energy Group Inc. | 224,144 | 10,741 | |
American States Water Co. | 135,062 | 9,645 | |
California Water Service Group | 210,152 | 9,644 | |
Avista Corp. | 278,973 | 9,262 | |
MGE Energy Inc. | 132,593 | 8,379 | |
Chesapeake Utilities Corp. | 77,397 | 7,897 | |
SJW Group | 116,335 | 6,405 | |
Northwest Natural Holding Co. | 130,873 | 4,808 | |
Middlesex Water Co. | 63,757 | 3,245 | |
Unitil Corp. | 58,205 | 2,966 | |
* | Sunnova Energy International Inc. | 385,951 | 2,810 |
* | Enviri Corp. | 286,145 | 2,249 |
York Water Co. | 51,370 | 1,818 | |
Consolidated Water Co. Ltd. | 54,652 | 1,615 | |
* | Altus Power Inc. | 232,528 | 1,584 |
Aris Water Solutions Inc. Class A | 109,381 | 1,317 | |
Genie Energy Ltd. Class B | 72,002 | 1,313 | |
Artesian Resources Corp. Class A | 32,886 | 1,134 | |
Excelerate Energy Inc. Class A | 65,877 | 1,034 | |
* | Pure Cycle Corp. | 72,262 | 720 |
*,1 | NuScale Power Corp. | 195,188 | 605 |
Global Water Resources Inc. | 42,158 | 546 | |
RGC Resources Inc. | 28,433 | 533 | |
* | Cadiz Inc. | 145,479 | 422 |
* | Vertex Energy Inc. | 235,867 | 318 |
Shares | Market Value• ($000) | ||
*,1 | Li-Cycle Holdings Corp. | 499,673 | 180 |
240,889 | |||
Total Common Stocks (Cost $9,814,055) | 9,322,293 | ||
Warrant (0.0%) | |||
* | Cassava Sciences Inc. Exp. 11/15/24 (Cost $—) | 1 | — |
Temporary Cash Investments (2.2%) | |||
Money Market Fund (2.2%) | |||
5,6 | Vanguard Market Liquidity Fund, 5.400% (Cost $211,761) | 2,118,252 | 211,804 |
Total Investments (101.5%) (Cost $10,025,816) | 9,534,097 | ||
Other Assets and Liabilities—Net (-1.5%) | (144,626) | ||
Net Assets (100%) | 9,389,471 | ||
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 $157,609,000. |
2 | Restricted securities totaling $338,000, representing 0.0% of net assets. |
3 | Security value determined using significant unobservable inputs. |
4 | “Other” represents securities that are not classified by the fund’s benchmark index. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
6 | Collateral of $170,203,000 was received for securities on loan, of which $169,623,000 is held in Vanguard Market Liquidity Fund and $580,000 is held in cash. |
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 2024 | 657 | 67,582 | 1,744 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $9,814,055) | 9,322,293 |
Affiliated Issuers (Cost $211,761) | 211,804 |
Total Investments in Securities | 9,534,097 |
Investment in Vanguard | 259 |
Cash | 13,724 |
Cash Collateral Pledged—Futures Contracts | 3,550 |
Receivables for Investment Securities Sold | 12,491 |
Receivables for Accrued Income | 7,343 |
Receivables for Capital Shares Issued | 112 |
Variation Margin Receivable—Futures Contracts | 363 |
Total Assets | 9,571,939 |
Liabilities | |
Payables for Investment Securities Purchased | 11,753 |
Collateral for Securities on Loan | 170,203 |
Payables for Capital Shares Redeemed | 162 |
Payables to Vanguard | 350 |
Total Liabilities | 182,468 |
Net Assets | 9,389,471 |
1 Includes $157,609,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 10,775,026 |
Total Distributable Earnings (Loss) | (1,385,555) |
Net Assets | 9,389,471 |
ETF Shares—Net Assets | |
Applicable to 107,750,030 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 8,873,184 |
Net Asset Value Per Share—ETF Shares | $82.35 |
Institutional Shares—Net Assets | |
Applicable to 1,638,495 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 516,287 |
Net Asset Value Per Share—Institutional Shares | $315.10 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 46,197 |
Interest2 | 935 |
Securities Lending—Net | 4,351 |
Total Income | 51,483 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 85 |
Management and Administrative—ETF Shares | 2,717 |
Management and Administrative—Institutional Shares | 151 |
Marketing and Distribution—ETF Shares | 186 |
Marketing and Distribution—Institutional Shares | 9 |
Custodian Fees | 287 |
Shareholders’ Reports—ETF Shares | 221 |
Shareholders’ Reports—Institutional Shares | 4 |
Trustees’ Fees and Expenses | 3 |
Other Expenses | 9 |
Total Expenses | 3,672 |
Expenses Paid Indirectly | (20) |
Net Expenses | 3,652 |
Net Investment Income | 47,831 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 191,443 |
Futures Contracts | 1,105 |
Realized Net Gain (Loss) | 192,548 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 494,650 |
Futures Contracts | 2,033 |
Change in Unrealized Appreciation (Depreciation) | 496,683 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 737,062 |
1 | Dividends are net of foreign withholding taxes of $65,000. |
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 $865,000, less than $1,000, less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $236,052,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 47,831 | 102,830 | |
Realized Net Gain (Loss) | 192,548 | (40,387) | |
Change in Unrealized Appreciation (Depreciation) | 496,683 | 226,212 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 737,062 | 288,655 | |
Distributions | |||
ETF Shares | (65,405) | (89,739) | |
Institutional Shares | (4,503) | (7,681) | |
Total Distributions | (69,908) | (97,420) | |
Capital Share Transactions | |||
ETF Shares | 1,790,020 | 1,021,035 | |
Institutional Shares | 3,406 | (25,904) | |
Net Increase (Decrease) from Capital Share Transactions | 1,793,426 | 995,131 | |
Total Increase (Decrease) | 2,460,580 | 1,186,366 | |
Net Assets | |||
Beginning of Period | 6,928,891 | 5,742,525 | |
End of Period | 9,389,471 | 6,928,891 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 20211 | 20201 | 20191 | ||
Net Asset Value, Beginning of Period | $76.28 | $74.02 | $91.28 | $62.69 | $59.88 | $69.56 |
Investment Operations | ||||||
Net Investment Income2 | .483 | 1.207 | 1.030 | .865 | .810 | .797 |
Net Realized and Unrealized Gain (Loss) on Investments | 6.308 | 2.207 | (17.254) | 28.550 | 2.815 | (9.704) |
Total from Investment Operations | 6.791 | 3.414 | (16.224) | 29.415 | 3.625 | (8.907) |
Distributions | ||||||
Dividends from Net Investment Income | (.721) | (1.154) | (1.036) | (.825) | (.815) | (.773) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.721) | (1.154) | (1.036) | (.825) | (.815) | (.773) |
Net Asset Value, End of Period | $82.35 | $76.28 | $74.02 | $91.28 | $62.69 | $59.88 |
Total Return | 8.98% | 4.75% | -17.88% | 47.15% | 6.12% | -12.83% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $8,873 | $6,455 | $5,255 | $6,223 | $1,802 | $1,464 |
Ratio of Total Expenses to Average Net Assets | 0.10%3 | 0.10%3 | 0.10%3 | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 1.36% | 1.64% | 1.26% | 1.02% | 1.37% | 1.30% |
Portfolio Turnover Rate4 | 3% | 15% | 19% | 23% | 19% | 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 | 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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $291.86 | $283.22 | $349.26 | $239.84 | $229.03 | $266.12 |
Investment Operations | ||||||
Net Investment Income1 | 1.929 | 4.671 | 4.063 | 3.360 | 3.208 | 3.078 |
Net Realized and Unrealized Gain (Loss) on Investments | 24.097 | 8.434 | (66.085) | 109.242 | 10.710 | (37.106) |
Total from Investment Operations | 26.026 | 13.105 | (62.022) | 112.602 | 13.918 | (34.028) |
Distributions | ||||||
Dividends from Net Investment Income | (2.786) | (4.465) | (4.018) | (3.182) | (3.108) | (3.062) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (2.786) | (4.465) | (4.018) | (3.182) | (3.108) | (3.062) |
Net Asset Value, End of Period | $315.10 | $291.86 | $283.22 | $349.26 | $239.84 | $229.03 |
Total Return | 9.00% | 4.76% | -17.88% | 47.19% | 6.15% | -12.83% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $516 | $474 | $487 | $619 | $630 | $859 |
Ratio of Total Expenses to Average Net Assets | 0.08%2 | 0.08%2 | 0.08%2 | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 1.42% | 1.67% | 1.29% | 1.08% | 1.41% | 1.32% |
Portfolio Turnover Rate3 | 3% | 15% | 19% | 23% | 19% | 16% |
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 29, 2024, custodian fee offset arrangements reduced the fund’s expenses by $20,000 (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 | 9,321,666 | 338 | 289 | 9,322,293 |
Warrant | — | — | — | — |
Temporary Cash Investments | 211,804 | — | — | 211,804 |
Total | 9,533,470 | 338 | 289 | 9,534,097 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 1,744 | — | — | 1,744 |
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 29, 2024, 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 | 10,063,817 |
Gross Unrealized Appreciation | 1,294,920 |
Gross Unrealized Depreciation | (1,822,896) |
Net Unrealized Appreciation (Depreciation) | (527,976) |
F. | During the six months ended February 29, 2024, the fund purchased $247,659,000 of investment securities and sold $240,709,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $2,622,623,000 and $865,549,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 2,656,669 | 34,325 | 2,621,028 | 35,700 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (866,649) | (11,200) | (1,599,993) | (22,075) | |
Net Increase (Decrease)—ETF Shares | 1,790,020 | 23,125 | 1,021,035 | 13,625 | |
Institutional Shares | |||||
Issued | 39,168 | 136 | 142,600 | 509 | |
Issued in Lieu of Cash Distributions | 4,067 | 14 | 7,193 | 27 | |
Redeemed | (39,829) | (136) | (175,697) | (632) | |
Net Increase (Decrease)—Institutional Shares | 3,406 | 14 | (25,904) | (96) |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Basic Materials | 4.2% |
Consumer Discretionary | 14.0 |
Consumer Staples | 2.1 |
Energy | 9.7 |
Financials | 24.8 |
Health Care | 9.4 |
Industrials | 15.5 |
Real Estate | 10.1 |
Technology | 5.5 |
Telecommunications | 1.1 |
Utilities | 3.6 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.8%) | |||
Basic Materials (4.2%) | |||
Commercial Metals Co. | 80,783 | 4,362 | |
UFP Industries Inc. | 35,093 | 4,023 | |
Boise Cascade Co. | 27,408 | 3,725 | |
Avient Corp. | 62,728 | 2,539 | |
Mueller Industries Inc. | 43,834 | 2,252 | |
Carpenter Technology Corp. | 33,849 | 2,188 | |
* | Uranium Energy Corp. | 261,432 | 1,694 |
Minerals Technologies Inc. | 22,560 | 1,632 | |
Tronox Holdings plc | 80,552 | 1,184 | |
Hecla Mining Co. | 332,199 | 1,176 | |
Stepan Co. | 12,947 | 1,155 | |
Koppers Holdings Inc. | 13,889 | 786 | |
* | Worthington Steel Inc. | 21,189 | 671 |
* | Constellium SE | 33,882 | 657 |
Mativ Holdings Inc. | 37,480 | 651 | |
* | TimkenSteel Corp. | 29,951 | 651 |
* | Perimeter Solutions SA | 104,981 | 638 |
* | US Silica Holdings Inc. | 51,910 | 597 |
* | Coeur Mining Inc. | 227,827 | 590 |
Ryerson Holding Corp. | 18,059 | 570 | |
Haynes International Inc. | 8,607 | 512 | |
AdvanSix Inc. | 17,957 | 502 | |
* | Ecovyst Inc. | 50,018 | 483 |
Olympic Steel Inc. | 6,792 | 462 | |
* | Clearwater Paper Corp. | 11,255 | 442 |
* | Encore Energy Corp. | 100,993 | 390 |
Radius Recycling Inc. | 17,818 | 352 | |
* | LSB Industries Inc. | 36,924 | 272 |
Innospec Inc. | 2,071 | 257 | |
* | Northwest Pipe Co. | 6,770 | 202 |
American Vanguard Corp. | 16,202 | 174 | |
* | i-80 Gold Corp. | 131,102 | 165 |
* | Intrepid Potash Inc. | 7,280 | 154 |
* | Rayonier Advanced Materials Inc. | 43,831 | 149 |
* | Piedmont Lithium Inc. | 7,814 | 114 |
Caledonia Mining Corp. plc | 10,921 | 108 | |
FutureFuel Corp. | 17,965 | 107 | |
GrafTech International Ltd. | 59,501 | 105 | |
* | Energy Fuels Inc. | 14,597 | 92 |
Tredegar Corp. | 17,604 | 77 | |
Kaiser Aluminum Corp. | 877 | 64 | |
* | Glatfelter Corp. | 28,517 | 64 |
* | Contango ORE Inc. | 2,806 | 48 |
* | Origin Materials Inc. | 79,846 | 47 |
* | Dakota Gold Corp. | 13,134 | 28 |
Valhi Inc. | 1,703 | 23 |
Shares | Market Value• ($000) | ||
* | 5e Advanced Materials Inc. | 3,954 | 7 |
37,141 | |||
Consumer Discretionary (14.0%) | |||
* | Taylor Morrison Home Corp. | 71,501 | 4,048 |
Meritage Homes Corp. | 25,144 | 3,964 | |
* | Light & Wonder Inc. | 33,477 | 3,365 |
KB Home | 49,182 | 3,267 | |
Signet Jewelers Ltd. | 30,816 | 3,136 | |
* | Asbury Automotive Group Inc. | 14,322 | 2,991 |
* | Carvana Co. | 37,098 | 2,817 |
MDC Holdings Inc. | 41,395 | 2,595 | |
Group 1 Automotive Inc. | 9,453 | 2,558 | |
* | M/I Homes Inc. | 18,641 | 2,367 |
* | Tri Pointe Homes Inc. | 66,503 | 2,353 |
American Eagle Outfitters Inc. | 97,991 | 2,327 | |
* | Goodyear Tire & Rubber Co. | 194,696 | 2,313 |
* | Adient plc | 64,893 | 2,203 |
Rush Enterprises Inc. Class A | 44,477 | 2,166 | |
* | Abercrombie & Fitch Co. Class A | 16,283 | 2,080 |
* | Helen of Troy Ltd. | 16,432 | 2,054 |
Foot Locker Inc. | 56,843 | 1,957 | |
TEGNA Inc. | 139,507 | 1,955 | |
* | SkyWest Inc. | 28,091 | 1,804 |
Graham Holdings Co. Class B | 2,475 | 1,738 | |
Strategic Education Inc. | 15,660 | 1,735 | |
Century Communities Inc. | 19,712 | 1,701 | |
MillerKnoll Inc. | 51,123 | 1,562 | |
* | LGI Homes Inc. | 13,225 | 1,509 |
* | JetBlue Airways Corp. | 231,135 | 1,498 |
Winnebago Industries Inc. | 20,130 | 1,444 | |
* | Topgolf Callaway Brands Corp. | 98,971 | 1,409 |
* | Skyline Champion Corp. | 16,248 | 1,361 |
* | Central Garden & Pet Co. Class A | 35,951 | 1,355 |
* | Adtalem Global Education Inc. | 27,336 | 1,353 |
LCI Industries | 10,591 | 1,334 | |
Worthington Enterprises Inc. | 21,316 | 1,324 | |
HNI Corp. | 28,940 | 1,297 | |
* | ODP Corp. | 22,344 | 1,262 |
* | Vista Outdoor Inc. | 39,731 | 1,240 |
* | Urban Outfitters Inc. | 29,148 | 1,211 |
* | National Vision Holdings Inc. | 49,676 | 1,162 |
Shares | Market Value• ($000) | ||
* | OPENLANE Inc. | 74,235 | 1,134 |
La-Z-Boy Inc. | 29,846 | 1,134 | |
Dana Inc. | 89,708 | 1,121 | |
* | Beyond Inc. | 31,013 | 1,040 |
* | Knowles Corp. | 61,842 | 1,011 |
* | G-III Apparel Group Ltd. | 28,441 | 946 |
Caleres Inc. | 23,367 | 902 | |
* | Leslie's Inc. | 111,641 | 882 |
Steelcase Inc. Class A | 63,738 | 876 | |
Red Rock Resorts Inc. Class A | 15,078 | 874 | |
John Wiley & Sons Inc. Class A | 25,054 | 836 | |
Perdoceo Education Corp. | 44,982 | 801 | |
* | Sphere Entertainment Co. | 18,298 | 792 |
* | PROG Holdings Inc. | 24,617 | 760 |
Winmark Corp. | 1,963 | 745 | |
Scholastic Corp. | 18,401 | 726 | |
Monro Inc. | 21,415 | 719 | |
Allegiant Travel Co. | 9,767 | 711 | |
* | Green Brick Partners Inc. | 12,052 | 705 |
* | Beazer Homes USA Inc. | 20,271 | 635 |
Interface Inc. | 39,443 | 620 | |
* | American Axle & Manufacturing Holdings Inc. | 78,474 | 543 |
Sonic Automotive Inc. Class A | 10,089 | 530 | |
Krispy Kreme Inc. | 40,903 | 529 | |
Ethan Allen Interiors Inc. | 15,690 | 525 | |
* | Hovnanian Enterprises Inc. Class A | 3,354 | 525 |
* | Hawaiian Holdings Inc. | 35,013 | 494 |
* | MarineMax Inc. | 14,699 | 488 |
1 | Spirit Airlines Inc. | 75,443 | 487 |
* | Sabre Corp. | 170,747 | 453 |
Standard Motor Products Inc. | 14,149 | 449 | |
* | Thryv Holdings Inc. | 21,310 | 446 |
* | Clear Channel Outdoor Holdings Inc. | 257,802 | 443 |
* | Hanesbrands Inc. | 80,820 | 436 |
Guess? Inc. | 17,144 | 435 | |
Matthews International Corp. Class A | 15,009 | 434 | |
PriceSmart Inc. | 5,130 | 432 | |
Smith & Wesson Brands Inc. | 31,479 | 432 | |
Shoe Carnival Inc. | 12,528 | 411 | |
* | Dream Finders Homes Inc. Class A | 9,901 | 387 |
Papa John's International Inc. | 4,979 | 358 | |
Haverty Furniture Cos. Inc. | 10,068 | 345 | |
* | Clean Energy Fuels Corp. | 116,582 | 344 |
A-Mark Precious Metals Inc. | 13,088 | 336 | |
Gray Television Inc. | 54,292 | 317 | |
Designer Brands Inc. Class A | 29,672 | 313 | |
Movado Group Inc. | 10,561 | 303 | |
* | Stagwell Inc. | 55,166 | 295 |
* | Life Time Group Holdings Inc. | 21,183 | 291 |
* | Central Garden & Pet Co. | 6,469 | 284 |
Sinclair Inc. | 18,961 | 282 | |
* | Universal Technical Institute Inc. | 18,535 | 279 |
* | AMC Networks Inc. Class A | 21,262 | 275 |
* | America's Car-Mart Inc. | 4,034 | 272 |
Shares | Market Value• ($000) | ||
* | Stoneridge Inc. | 14,832 | 261 |
* | Six Flags Entertainment Corp. | 10,255 | 260 |
* | Daily Journal Corp. | 754 | 255 |
* | Everi Holdings Inc. | 21,521 | 255 |
Oxford Industries Inc. | 2,514 | 255 | |
* | Boston Omaha Corp. Class A | 15,074 | 247 |
Marcus Corp. | 16,673 | 245 | |
* | Lions Gate Entertainment Corp. Class B | 26,796 | 243 |
* | Genesco Inc. | 7,580 | 242 |
Carrols Restaurant Group Inc. | 25,271 | 239 | |
* | Malibu Boats Inc. Class A | 5,346 | 233 |
Rush Enterprises Inc. Class B | 4,451 | 224 | |
* | First Watch Restaurant Group Inc. | 8,929 | 224 |
* | Cinemark Holdings Inc. | 12,612 | 220 |
* | Gannett Co. Inc. | 99,210 | 211 |
* | Cardlytics Inc. | 25,125 | 208 |
* | Eastman Kodak Co. | 38,770 | 207 |
* | OneWater Marine Inc. Class A | 7,935 | 206 |
* | BJ's Restaurants Inc. | 5,793 | 203 |
* | GoPro Inc. Class A | 86,613 | 203 |
* | Lindblad Expeditions Holdings Inc. | 21,834 | 202 |
* | iHeartMedia Inc. Class A | 71,323 | 198 |
* | Zumiez Inc. | 10,960 | 193 |
Laureate Education Inc. | 14,087 | 189 | |
* | Landsea Homes Corp. | 13,911 | 189 |
* | 1-800-Flowers.com Inc. Class A | 17,914 | 187 |
* | Selectquote Inc. | 93,509 | 181 |
Hooker Furnishings Corp. | 7,347 | 180 | |
* | Savers Value Village Inc. | 8,869 | 180 |
* | JAKKS Pacific Inc. | 5,070 | 178 |
* | Legacy Housing Corp. | 6,832 | 176 |
* | El Pollo Loco Holdings Inc. | 19,096 | 173 |
* | Sun Country Airlines Holdings Inc. | 11,503 | 173 |
Johnson Outdoors Inc. Class A | 3,729 | 171 | |
* | Lincoln Educational Services Corp. | 16,264 | 164 |
* | Sweetgreen Inc. Class A | 12,860 | 164 |
Aaron's Co. Inc. | 20,733 | 161 | |
* | Children's Place Inc. | 8,196 | 158 |
* | Holley Inc. | 36,332 | 156 |
* | Destination XL Group Inc. | 38,524 | 154 |
* | Madison Square Garden Entertainment Corp. | 3,976 | 153 |
* | AMMO Inc. | 61,499 | 146 |
* | SES AI Corp. | 80,939 | 143 |
* | Vera Bradley Inc. | 17,782 | 139 |
* | Tile Shop Holdings Inc. | 19,523 | 136 |
* | Playstudios Inc. | 57,539 | 136 |
Weyco Group Inc. | 4,031 | 130 | |
* | Lions Gate Entertainment Corp. Class A | 12,507 | 121 |
* | Turtle Beach Corp. | 11,010 | 118 |
* | Brinker International Inc. | 2,526 | 117 |
* | Tilly's Inc. Class A | 15,028 | 116 |
* | WW International Inc. | 36,768 | 115 |
* | Liquidity Services Inc. | 6,382 | 114 |
* | Sleep Number Corp. | 6,838 | 113 |
Shares | Market Value• ($000) | ||
Hibbett Inc. | 1,366 | 112 | |
Clarus Corp. | 19,287 | 111 | |
* | Cooper-Standard Holdings Inc. | 7,792 | 110 |
Rocky Brands Inc. | 4,410 | 110 | |
Big Lots Inc. | 20,195 | 109 | |
* | Snap One Holdings Corp. | 12,965 | 107 |
* | BARK Inc. | 88,441 | 106 |
* | Lands' End Inc. | 10,620 | 103 |
* | Stitch Fix Inc. Class A | 31,899 | 103 |
* | Outbrain Inc. | 27,594 | 102 |
* | ContextLogic Inc. Class A | 15,421 | 100 |
* | Bally's Corp. | 8,833 | 99 |
* | Reservoir Media Inc. | 13,719 | 99 |
* | Biglari Holdings Inc. Class B | 535 | 93 |
Escalade Inc. | 6,282 | 93 | |
* | Chegg Inc. | 10,234 | 92 |
* | Sportsman's Warehouse Holdings Inc. | 24,829 | 90 |
* | Latham Group Inc. | 25,811 | 88 |
* | EW Scripps Co. Class A | 20,809 | 84 |
Cato Corp. Class A | 12,593 | 83 | |
Global Industrial Co. | 1,898 | 83 | |
* | J Jill Inc. | 3,270 | 82 |
Upbound Group Inc. | 2,401 | 81 | |
* | ThredUP Inc. Class A | 39,280 | 79 |
* | Arlo Technologies Inc. | 7,451 | 78 |
* | Chuy's Holdings Inc. | 2,307 | 78 |
* | Denny's Corp. | 8,368 | 77 |
* | VOXX International Corp. | 8,473 | 72 |
Purple Innovation Inc. | 37,788 | 70 | |
Big 5 Sporting Goods Corp. | 14,301 | 69 | |
* | SeaWorld Entertainment Inc. | 1,333 | 68 |
*,1 | Vuzix Corp. | 38,401 | 65 |
* | Allbirds Inc. Class A | 70,577 | 64 |
* | Vizio Holding Corp. Class A | 5,386 | 59 |
* | Blink Charging Co. | 18,321 | 58 |
* | Traeger Inc. | 26,051 | 58 |
* | Funko Inc. Class A | 8,105 | 57 |
* | Emerald Holding Inc. | 10,341 | 55 |
Build-A-Bear Workshop Inc. | 2,235 | 54 | |
Dine Brands Global Inc. | 1,055 | 51 | |
* | Sally Beauty Holdings Inc. | 3,964 | 50 |
* | Figs Inc. Class A | 9,601 | 50 |
Wolverine World Wide Inc. | 4,694 | 48 | |
* | Duluth Holdings Inc. Class B | 9,467 | 45 |
Sturm Ruger & Co. Inc. | 927 | 40 | |
* | Fossil Group Inc. | 35,296 | 37 |
Climb Global Solutions Inc. | 528 | 36 | |
NL Industries Inc. | 6,036 | 31 | |
*,1 | United Homes Group Inc. | 3,907 | 27 |
* | Xponential Fitness Inc. Class A | 2,624 | 26 |
* | 2U Inc. | 55,774 | 25 |
* | Urban One Inc. | 8,714 | 25 |
CompX International Inc. | 1,090 | 25 | |
* | Lazydays Holdings Inc. | 6,003 | 24 |
* | European Wax Center Inc. Class A | 1,660 | 24 |
Bowlero Corp. Class A | 1,963 | 24 | |
* | iRobot Corp. | 1,923 | 22 |
* | Urban One Inc. (XNCM) | 5,665 | 19 |
Nathan's Famous Inc. | 223 | 16 | |
* | Full House Resorts Inc. | 3,152 | 16 |
* | Rent the Runway Inc. Class A | 33,728 | 14 |
Shares | Market Value• ($000) | ||
* | Solo Brands Inc. Class A | 4,077 | 11 |
* | Mondee Holdings Inc. | 4,787 | 11 |
* | Century Casinos Inc. | 2,697 | 8 |
* | Smith Douglas Homes Corp. | 161 | 5 |
122,934 | |||
Consumer Staples (2.1%) | |||
* | BellRing Brands Inc. | 66,826 | 3,806 |
Primo Water Corp. | 93,252 | 1,512 | |
Edgewell Personal Care Co. | 34,898 | 1,333 | |
Andersons Inc. | 22,309 | 1,233 | |
* | TreeHouse Foods Inc. | 31,119 | 1,114 |
Vector Group Ltd. | 82,654 | 922 | |
Universal Corp. | 16,594 | 797 | |
Ingles Markets Inc. Class A | 9,680 | 745 | |
Weis Markets Inc. | 11,339 | 736 | |
* | United Natural Foods Inc. | 40,170 | 627 |
* | Hain Celestial Group Inc. | 61,476 | 615 |
B&G Foods Inc. | 48,857 | 564 | |
Fresh Del Monte Produce Inc. | 23,407 | 560 | |
SpartanNash Co. | 23,730 | 500 | |
Nu Skin Enterprises Inc. Class A | 34,298 | 429 | |
ACCO Brands Corp. | 63,633 | 355 | |
* | Mission Produce Inc. | 28,595 | 302 |
Dole plc | 21,313 | 252 | |
* | Duckhorn Portfolio Inc. | 24,290 | 231 |
Limoneira Co. | 12,041 | 222 | |
* | Seneca Foods Corp. Class A | 3,608 | 183 |
Oil-Dri Corp. of America | 2,499 | 178 | |
Village Super Market Inc. Class A | 6,061 | 166 | |
*,1 | Waldencast plc Class A | 24,808 | 166 |
* | Nature's Sunshine Products Inc. | 9,063 | 161 |
* | Herbalife Ltd. | 18,119 | 160 |
Alico Inc. | 4,845 | 134 | |
Natural Grocers by Vitamin Cottage Inc. | 6,437 | 107 | |
* | HF Foods Group Inc. | 26,930 | 101 |
Cal-Maine Foods Inc. | 1,725 | 99 | |
* | GrowGeneration Corp. | 39,367 | 84 |
PetMed Express Inc. | 14,497 | 73 | |
*,1 | Forafric Global plc | 3,913 | 41 |
* | Benson Hill Inc. | 128,950 | 32 |
* | SunOpta Inc. | 3,622 | 25 |
* | Zevia PBC Class A | 7,961 | 12 |
* | Brookfield Realty Capital Corp. Class A | 2,181 | 9 |
18,586 | |||
Energy (9.7%) | |||
Chord Energy Corp. | 28,904 | 4,695 | |
Murphy Oil Corp. | 102,812 | 4,079 | |
Matador Resources Co. | 64,373 | 4,065 | |
Civitas Resources Inc. | 55,903 | 3,839 | |
Permian resources Corp. | 236,810 | 3,685 | |
PBF Energy Inc. Class A | 76,994 | 3,596 | |
SM Energy Co. | 81,632 | 3,573 | |
Alpha Metallurgical Resources Inc. | 7,425 | 2,801 | |
Arcosa Inc. | 33,514 | 2,782 | |
Patterson-UTI Energy Inc. | 229,965 | 2,661 | |
Helmerich & Payne Inc. | 67,264 | 2,582 | |
California Resources Corp. | 48,102 | 2,509 | |
Equitrans Midstream Corp. | 214,163 | 2,289 | |
Liberty Energy Inc. | 106,678 | 2,281 |
Shares | Market Value• ($000) | ||
* | CNX Resources Corp. | 108,258 | 2,268 |
Arch Resources Inc. | 12,436 | 2,056 | |
Warrior Met Coal Inc. | 35,745 | 2,036 | |
Peabody Energy Corp. | 79,019 | 1,957 | |
CONSOL Energy Inc. | 21,126 | 1,813 | |
* | Seadrill Ltd. | 34,970 | 1,476 |
Archrock Inc. | 79,033 | 1,444 | |
* | Callon Petroleum Co. | 42,150 | 1,313 |
Golar LNG Ltd. | 64,509 | 1,309 | |
* | Talos Energy Inc. | 92,983 | 1,226 |
Delek US Holdings Inc. | 44,254 | 1,129 | |
* | Gulfport Energy Corp. | 7,772 | 1,104 |
* | DNOW Inc. | 73,265 | 1,037 |
World Kinect Corp. | 41,122 | 1,002 | |
* | Helix Energy Solutions Group Inc. | 99,052 | 891 |
* | Par Pacific Holdings Inc. | 23,424 | 846 |
* | Vital Energy Inc. | 16,073 | 809 |
* | Diamond Offshore Drilling Inc. | 69,980 | 776 |
Sitio Royalties Corp. Class A | 31,629 | 722 | |
* | Green Plains Inc. | 32,995 | 703 |
* | Expro Group Holdings NV | 38,503 | 689 |
SunCoke Energy Inc. | 57,540 | 616 | |
Noble Corp. plc | 13,255 | 554 | |
Comstock Resources Inc. | 63,178 | 540 | |
* | Dril-Quip Inc. | 23,424 | 529 |
* | ProPetro Holding Corp. | 66,460 | 492 |
Select Water Solutions Inc. | 55,028 | 470 | |
* | MRC Global Inc. | 38,128 | 440 |
* | Bristow Group Inc. | 16,275 | 439 |
RPC Inc. | 58,571 | 433 | |
Kinetik Holdings Inc. | 11,201 | 396 | |
Vitesse Energy Inc. | 17,240 | 392 | |
* | FuelCell Energy Inc. | 312,483 | 372 |
* | SilverBow Resources Inc. | 12,978 | 368 |
Berry Corp. | 51,886 | 366 | |
Crescent Energy Co. Class A | 32,259 | 361 | |
* | REX American Resources Corp. | 7,954 | 350 |
* | Centrus Energy Corp. Class A | 8,445 | 344 |
* | Newpark Resources Inc. | 52,670 | 339 |
Core Laboratories Inc. | 21,951 | 329 | |
VAALCO Energy Inc. | 66,116 | 295 | |
SandRidge Energy Inc. | 21,999 | 287 | |
* | Tellurian Inc. | 357,942 | 284 |
Ramaco Resources Inc. Class A | 15,893 | 279 | |
*,1 | Stem Inc. | 101,094 | 271 |
Northern Oil & Gas Inc. | 7,237 | 259 | |
* | Oil States International Inc. | 43,507 | 235 |
Atlas Energy Solutions Inc. | 10,152 | 191 | |
Kodiak Gas Services Inc. | 7,440 | 190 | |
* | Solid Power Inc. | 111,598 | 183 |
* | EVgo Inc. | 60,659 | 180 |
Magnolia Oil & Gas Corp. Class A | 7,913 | 179 | |
* | SEACOR Marine Holdings Inc. | 16,601 | 174 |
Solaris Oilfield Infrastructure Inc. Class A | 18,442 | 156 | |
* | DMC Global Inc. | 9,242 | 154 |
* | Amplify Energy Corp. | 24,854 | 150 |
Granite Ridge Resources Inc. | 23,279 | 143 | |
* | Gevo Inc. | 159,215 | 142 |
Shares | Market Value• ($000) | ||
* | Forum Energy Technologies Inc. | 6,538 | 131 |
* | Ring Energy Inc. | 85,510 | 122 |
* | Hallador Energy Co. | 15,341 | 117 |
*,1 | Energy Vault Holdings Inc. | 66,342 | 111 |
* | ProFrac Holding Corp. Class A | 13,299 | 109 |
Ranger Energy Services Inc. | 10,009 | 105 | |
NACCO Industries Inc. Class A | 2,782 | 92 | |
CVR Energy Inc. | 1,923 | 64 | |
* | KLX Energy Services Holdings Inc. | 7,543 | 61 |
* | Nabors Industries Ltd. (XNYS) | 732 | 57 |
* | PrimeEnergy Resources Corp. | 563 | 56 |
* | Mammoth Energy Services Inc. | 15,100 | 55 |
* | ESS Tech Inc. | 57,759 | 50 |
* | Maxeon Solar Technologies Ltd. | 7,349 | 29 |
Ramaco Resources Inc. Class B | 2,282 | 27 | |
1 | HighPeak Energy Inc. | 1,283 | 21 |
* | Verde Clean Fuels Inc. | 193 | 1 |
85,133 | |||
Financials (24.7%) | |||
SouthState Corp. | 52,657 | 4,425 | |
Essent Group Ltd. | 72,431 | 3,880 | |
Cadence Bank | 126,392 | 3,499 | |
Old National Bancorp | 202,090 | 3,320 | |
* | Mr Cooper Group Inc. | 44,495 | 3,172 |
Radian Group Inc. | 108,572 | 3,164 | |
Jackson Financial Inc. Class A | 57,178 | 3,148 | |
United Bankshares Inc. | 90,416 | 3,137 | |
Home BancShares Inc. | 131,625 | 3,088 | |
* | American Equity Investment Life Holding Co. | 54,089 | 3,004 |
Glacier Bancorp Inc. | 77,109 | 2,885 | |
Hancock Whitney Corp. | 60,026 | 2,617 | |
* | Enstar Group Ltd. | 8,241 | 2,538 |
UMB Financial Corp. | 30,674 | 2,503 | |
Valley National Bancorp | 298,437 | 2,444 | |
1 | Blackstone Mortgage Trust Inc. Class A | 119,447 | 2,433 |
Associated Banc-Corp. | 105,184 | 2,192 | |
Ameris Bancorp | 45,791 | 2,122 | |
Walker & Dunlop Inc. | 22,037 | 2,102 | |
United Community Banks Inc. | 80,051 | 2,082 | |
CNO Financial Group Inc. | 77,394 | 2,066 | |
* | Genworth Financial Inc. Class A | 319,841 | 1,967 |
* | Texas Capital Bancshares Inc. | 33,098 | 1,941 |
International Bancshares Corp. | 37,139 | 1,927 | |
Cathay General Bancorp | 48,068 | 1,877 | |
First BanCorp (XNYS) | 108,909 | 1,849 | |
WSFS Financial Corp. | 42,377 | 1,796 | |
* | Axos Financial Inc. | 33,821 | 1,763 |
Atlantic Union Bankshares Corp. | 52,020 | 1,730 | |
Fulton Financial Corp. | 111,430 | 1,716 | |
1 | Arbor Realty Trust Inc. | 127,275 | 1,705 |
Shares | Market Value• ($000) | ||
Community Bank System Inc. | 36,841 | 1,669 | |
Simmons First National Corp. Class A | 86,039 | 1,652 | |
Bank of Hawaii Corp. | 27,135 | 1,636 | |
* | Oscar Health Inc. Class A | 100,610 | 1,636 |
Independent Bank Corp. (XNGS) | 30,599 | 1,596 | |
CVB Financial Corp. | 92,144 | 1,568 | |
* | NMI Holdings Inc. Class A | 51,487 | 1,549 |
First Interstate BancSystem Inc. Class A | 57,248 | 1,507 | |
Pacific Premier Bancorp Inc. | 65,834 | 1,505 | |
ServisFirst Bancshares Inc. | 23,201 | 1,466 | |
First Financial Bancorp | 65,250 | 1,416 | |
Seacoast Banking Corp. of Florida | 58,363 | 1,409 | |
PennyMac Financial Services Inc. | 16,554 | 1,406 | |
Eastern Bankshares Inc. | 107,380 | 1,387 | |
BankUnited Inc. | 51,610 | 1,384 | |
First Merchants Corp. | 40,683 | 1,351 | |
Banc of California Inc. | 90,250 | 1,320 | |
Towne Bank | 48,327 | 1,310 | |
Park National Corp. | 9,865 | 1,268 | |
* | Enova International Inc. | 20,015 | 1,266 |
WaFd Inc. | 44,849 | 1,222 | |
Renasant Corp. | 38,003 | 1,201 | |
Hamilton Lane Inc. Class A | 10,354 | 1,189 | |
Stewart Information Services Corp. | 18,565 | 1,169 | |
OFG Bancorp | 32,010 | 1,159 | |
WesBanco Inc. | 39,700 | 1,151 | |
BancFirst Corp. | 13,073 | 1,147 | |
* | Triumph Financial Inc. | 15,292 | 1,147 |
* | StoneX Group Inc. | 16,419 | 1,137 |
Trustmark Corp. | 41,880 | 1,125 | |
Apollo Commercial Real Estate Finance Inc. | 97,715 | 1,095 | |
Independent Bank Group Inc. | 24,888 | 1,088 | |
* | Customers Bancorp Inc. | 19,684 | 1,069 |
Banner Corp. | 23,555 | 1,033 | |
* | Cannae Holdings Inc. | 47,206 | 1,030 |
Horace Mann Educators Corp. | 28,265 | 1,023 | |
Moelis & Co. Class A | 18,926 | 1,023 | |
Lakeland Financial Corp. | 15,973 | 1,017 | |
Northwest Bancshares Inc. | 87,698 | 1,005 | |
Compass Diversified Holdings | 43,436 | 999 | |
Enterprise Financial Services Corp. | 24,977 | 997 | |
Hilltop Holdings Inc. | 32,152 | 993 | |
NBT Bancorp Inc. | 28,783 | 990 | |
Heartland Financial USA Inc. | 29,084 | 989 | |
Ready Capital Corp. | 110,255 | 974 | |
Navient Corp. | 59,723 | 971 | |
Virtus Investment Partners Inc. | 4,152 | 965 | |
Federal Agricultural Mortgage Corp. Class C | 5,290 | 946 | |
City Holding Co. | 9,377 | 942 | |
First Bancorp (XNGS) | 27,393 | 935 | |
Bank of NT Butterfield & Son Ltd. | 31,047 | 928 | |
Live Oak Bancshares Inc. | 23,148 | 919 |
Shares | Market Value• ($000) | ||
First Commonwealth Financial Corp. | 70,463 | 918 | |
Mercury General Corp. | 18,434 | 898 | |
BGC Group Inc. Class A | 128,780 | 895 | |
FB Financial Corp. | 24,427 | 871 | |
Hope Bancorp Inc. | 79,421 | 871 | |
National Bank Holdings Corp. Class A | 25,360 | 858 | |
Two Harbors Investment Corp. | 66,834 | 847 | |
PennyMac Mortgage Investment Trust | 59,859 | 846 | |
Ladder Capital Corp. | 77,950 | 843 | |
First Busey Corp. | 35,778 | 825 | |
S&T Bancorp Inc. | 26,244 | 819 | |
Safety Insurance Group Inc. | 9,879 | 812 | |
Employers Holdings Inc. | 17,638 | 806 | |
MFA Financial Inc. REIT | 70,416 | 790 | |
National Western Life Group Inc. Class A | 1,584 | 769 | |
* | Encore Capital Group Inc. | 15,973 | 767 |
Nelnet Inc. Class A | 8,877 | 762 | |
Provident Financial Services Inc. | 50,491 | 761 | |
Stellar Bancorp Inc. | 31,791 | 753 | |
Franklin BSP Realty Trust Inc. REIT | 57,264 | 739 | |
TriCo Bancshares | 21,377 | 714 | |
Veritex Holdings Inc. | 36,110 | 709 | |
Nicolet Bankshares Inc. | 8,861 | 699 | |
Chimera Investment Corp. | 156,519 | 682 | |
* | PRA Group Inc. | 26,555 | 679 |
Peoples Bancorp Inc. | 24,041 | 675 | |
ARMOUR Residential REIT Inc. | 33,767 | 669 | |
Sandy Spring Bancorp Inc. | 30,201 | 664 | |
QCR Holdings Inc. | 11,356 | 647 | |
Berkshire Hills Bancorp Inc. | 29,943 | 643 | |
Preferred Bank | 8,906 | 640 | |
Brightspire Capital Inc. | 88,610 | 612 | |
OceanFirst Financial Corp. | 40,071 | 609 | |
German American Bancorp Inc. | 19,314 | 608 | |
Pathward Financial Inc. | 11,940 | 607 | |
* | LendingClub Corp. | 74,613 | 605 |
Claros Mortgage Trust Inc. | 62,491 | 605 | |
Origin Bancorp Inc. | 20,099 | 600 | |
Ellington Financial Inc. | 52,434 | 594 | |
Brookline Bancorp Inc. | 60,102 | 587 | |
Southside Bancshares Inc. | 19,776 | 567 | |
Westamerica BanCorp | 12,409 | 567 | |
1st Source Corp. | 11,366 | 566 | |
Enact Holdings Inc. | 20,419 | 566 | |
* | Riot Platforms Inc. | 39,506 | 558 |
Bank First Corp. | 6,426 | 556 | |
* | SiriusPoint Ltd. | 43,441 | 533 |
Banco Latinoamericano de Comercio Exterior SA Class E | 18,935 | 530 | |
First Bancshares Inc. | 21,115 | 524 | |
Capitol Federal Financial Inc. | 87,808 | 508 | |
Artisan Partners Asset Management Inc. Class A | 11,710 | 504 | |
Lakeland Bancorp Inc. | 42,939 | 502 | |
ConnectOne Bancorp Inc. | 25,218 | 499 | |
* | Ambac Financial Group Inc. | 30,458 | 498 |
Eagle Bancorp Inc. | 20,277 | 483 | |
Redwood Trust Inc. | 78,294 | 480 |
Shares | Market Value• ($000) | ||
Dynex Capital Inc. | 38,754 | 478 | |
Premier Financial Corp. | 24,360 | 472 | |
* | Lemonade Inc. | 29,008 | 471 |
Merchants Bancorp | 10,927 | 468 | |
First Mid Bancshares Inc. | 15,351 | 465 | |
Tompkins Financial Corp. | 9,533 | 459 | |
F&G Annuities & Life Inc. | 12,152 | 459 | |
Dime Community Bancshares Inc. | 24,057 | 451 | |
New York Mortgage Trust Inc. | 62,588 | 451 | |
ProAssurance Corp. | 35,835 | 442 | |
Heritage Financial Corp. | 23,865 | 438 | |
* | Skyward Specialty Insurance Group Inc. | 11,799 | 432 |
Community Trust Bancorp Inc. | 10,723 | 426 | |
Old Second Bancorp Inc. | 29,871 | 401 | |
* | CrossFirst Bankshares Inc. | 31,140 | 401 |
Univest Financial Corp. | 19,981 | 400 | |
Mercantile Bank Corp. | 10,817 | 399 | |
KKR Real Estate Finance Trust Inc. | 40,517 | 395 | |
First Community Bankshares Inc. | 11,858 | 393 | |
Piper Sandler Cos. | 2,071 | 390 | |
Amerant Bancorp Inc. | 17,763 | 376 | |
Business First Bancshares Inc. | 16,546 | 371 | |
Horizon Bancorp Inc. | 29,673 | 357 | |
Byline Bancorp Inc. | 17,094 | 356 | |
TPG RE Finance Trust Inc. | 47,502 | 355 | |
Midland States Bancorp Inc. | 14,363 | 350 | |
TrustCo Bank Corp. NY | 12,832 | 350 | |
Central Pacific Financial Corp. | 18,302 | 342 | |
Farmers National Banc Corp. | 25,144 | 339 | |
AMERISAFE Inc. | 6,409 | 338 | |
Heritage Commerce Corp. | 40,743 | 338 | |
United Fire Group Inc. | 14,462 | 337 | |
Independent Bank Corp. | 13,756 | 336 | |
Cambridge Bancorp | 5,238 | 331 | |
Equity Bancshares Inc. Class A | 10,081 | 321 | |
American National Bankshares Inc. | 7,102 | 320 | |
Great Southern Bancorp Inc. | 6,111 | 319 | |
Hanmi Financial Corp. | 20,957 | 317 | |
Camden National Corp. | 9,845 | 313 | |
* | World Acceptance Corp. | 2,602 | 312 |
1 | Orchid Island Capital Inc. | 36,122 | 311 |
Brightsphere Investment Group Inc. | 13,661 | 310 | |
Metrocity Bankshares Inc. | 12,615 | 307 | |
Washington Trust Bancorp Inc. | 11,634 | 299 | |
First Financial Corp. | 7,904 | 294 | |
Republic Bancorp Inc. Class A | 5,886 | 290 | |
HarborOne Bancorp Inc. | 28,283 | 288 | |
CNB Financial Corp. | 14,172 | 283 | |
Peapack-Gladstone Financial Corp. | 11,614 | 281 | |
Amalgamated Financial Corp. | 12,171 | 281 | |
Southern Missouri Bancorp Inc. | 6,541 | 280 | |
First Foundation Inc. | 35,182 | 279 |
Shares | Market Value• ($000) | ||
Northfield Bancorp Inc. | 27,601 | 279 | |
Invesco Mortgage Capital Inc. REIT | 30,871 | 279 | |
Alerus Financial Corp. | 12,352 | 269 | |
Universal Insurance Holdings Inc. | 13,070 | 264 | |
Bar Harbor Bankshares | 10,310 | 260 | |
* | Metropolitan Bank Holding Corp. | 6,500 | 255 |
James River Group Holdings Ltd. | 25,441 | 254 | |
Northeast Bank | 4,641 | 248 | |
Capstar Financial Holdings Inc. | 13,175 | 247 | |
Flushing Financial Corp. | 19,062 | 245 | |
Kearny Financial Corp. | 38,593 | 245 | |
Arrow Financial Corp. | 10,158 | 244 | |
SmartFinancial Inc. | 10,951 | 236 | |
Shore Bancshares Inc. | 20,528 | 233 | |
* | Greenlight Capital Re Ltd. Class A | 17,861 | 226 |
MidWestOne Financial Group Inc. | 9,835 | 225 | |
Burke & Herbert Financial Services Corp. | 4,096 | 224 | |
* | LendingTree Inc. | 5,572 | 220 |
South Plains Financial Inc. | 8,107 | 216 | |
Tiptree Inc. | 11,985 | 210 | |
HomeTrust Bancshares Inc. | 7,914 | 208 | |
Summit Financial Group Inc. | 7,713 | 208 | |
Mid Penn Bancorp Inc. | 9,821 | 207 | |
* | Carter Bankshares Inc. | 15,640 | 206 |
* | MBIA Inc. | 31,363 | 205 |
* | Columbia Financial Inc. | 12,104 | 203 |
ACNB Corp. | 5,737 | 202 | |
RBB Bancorp | 11,557 | 199 | |
West BanCorp Inc. | 11,208 | 195 | |
Financial Institutions Inc. | 10,492 | 193 | |
First Business Financial Services Inc. | 5,429 | 192 | |
Orrstown Financial Services Inc. | 7,070 | 191 | |
Peoples Financial Services Corp. | 4,739 | 191 | |
Citizens & Northern Corp. | 10,307 | 189 | |
First Bank | 14,082 | 189 | |
* | American Coastal Insurance Corp. Class C | 13,489 | 188 |
Northrim BanCorp Inc. | 3,719 | 185 | |
Chicago Atlantic Real Estate Finance Inc. | 11,349 | 185 | |
NewtekOne Inc. | 16,021 | 185 | |
Home Bancorp Inc. | 4,956 | 182 | |
Bank of Marin Bancorp | 10,830 | 180 | |
Enterprise Bancorp Inc. | 6,609 | 179 | |
Macatawa Bank Corp. | 18,174 | 178 | |
Farmers & Merchants Bancorp Inc. | 8,764 | 177 | |
HBT Financial Inc. | 9,165 | 175 | |
* | Southern First Bancshares Inc. | 5,291 | 174 |
HomeStreet Inc. | 12,423 | 173 | |
Sierra Bancorp | 9,289 | 173 | |
Primis Financial Corp. | 13,974 | 173 | |
Hingham Institution for Savings | 1,022 | 172 | |
Capital City Bank Group Inc. | 5,950 | 169 | |
* | Bridgewater Bancshares Inc. | 14,080 | 167 |
Shares | Market Value• ($000) | ||
Granite Point Mortgage Trust Inc. | 35,099 | 166 | |
Red River Bancshares Inc. | 3,314 | 165 | |
First of Long Island Corp. | 14,683 | 164 | |
Guaranty Bancshares Inc. | 5,644 | 162 | |
Fidelity D&D Bancorp Inc. | 3,215 | 161 | |
Orange County Bancorp Inc. | 3,509 | 161 | |
Civista Bancshares Inc. | 10,624 | 160 | |
First Bancorp Inc. (XNGS) | 6,713 | 159 | |
* | Third Coast Bancshares Inc. | 8,231 | 158 |
* | Forge Global Holdings Inc. | 74,888 | 156 |
MVB Financial Corp. | 7,233 | 155 | |
Waterstone Financial Inc. | 12,035 | 152 | |
Donegal Group Inc. Class A | 10,681 | 150 | |
John Marshall Bancorp Inc. | 8,542 | 149 | |
Codorus Valley Bancorp Inc. | 6,378 | 147 | |
* | Blue Foundry Bancorp | 15,452 | 146 |
BayCom Corp. | 6,949 | 139 | |
Norwood Financial Corp. | 4,935 | 136 | |
Northeast Community Bancorp Inc. | 8,659 | 135 | |
Unity Bancorp Inc. | 4,860 | 133 | |
Timberland Bancorp Inc. | 5,063 | 133 | |
Capital Bancorp Inc. | 6,437 | 133 | |
NexPoint Diversified Real Estate Trust | 20,885 | 132 | |
* | FVCBankcorp Inc. | 10,856 | 131 |
Middlefield Banc Corp. | 5,330 | 131 | |
AFC Gamma Inc. | 11,288 | 130 | |
Southern States Bancshares Inc. | 5,150 | 128 | |
Colony Bankcorp Inc. | 11,197 | 127 | |
Central Valley Community Bancorp | 6,707 | 125 | |
ChoiceOne Financial Services Inc. | 4,705 | 125 | |
Parke Bancorp Inc. | 7,047 | 122 | |
National Bankshares Inc. | 3,876 | 121 | |
FS Bancorp Inc. | 3,601 | 120 | |
Plumas Bancorp | 3,433 | 120 | |
PCB Bancorp | 7,355 | 119 | |
* | Fidelis Insurance Holdings Ltd. | 7,857 | 118 |
Five Star Bancorp | 4,940 | 117 | |
C&F Financial Corp. | 2,158 | 115 | |
* | Ponce Financial Group Inc. | 13,007 | 115 |
Evans Bancorp Inc. | 3,790 | 113 | |
Investors Title Co. | 730 | 113 | |
Oak Valley Bancorp | 4,513 | 113 | |
Princeton Bancorp Inc. | 3,668 | 113 | |
* | Ocwen Financial Corp. | 4,313 | 112 |
Bankwell Financial Group Inc. | 4,340 | 111 | |
Regional Management Corp. | 4,669 | 109 | |
Ames National Corp. | 5,765 | 109 | |
Chemung Financial Corp. | 2,543 | 108 | |
Virginia National Bankshares Corp. | 3,562 | 108 | |
BCB Bancorp Inc. | 10,112 | 106 | |
ESSA Bancorp Inc. | 6,028 | 105 | |
Stock Yards Bancorp Inc. | 2,298 | 105 | |
Citizens Financial Services Inc. | 2,221 | 104 | |
LCNB Corp. | 7,044 | 99 | |
* | Hippo Holdings Inc. | 7,004 | 98 |
* | Velocity Financial Inc. | 5,911 | 97 |
Penns Woods Bancorp Inc. | 4,988 | 96 |
Shares | Market Value• ($000) | ||
Angel Oak Mortgage REIT Inc. | 8,790 | 92 | |
* | Maiden Holdings Ltd. | 65,016 | 88 |
First Community Corp. | 5,320 | 87 | |
MainStreet Bancshares Inc. | 4,822 | 87 | |
* | eHealth Inc. | 13,051 | 86 |
Victory Capital Holdings Inc. Class A | 2,202 | 85 | |
* | Security National Financial Corp. Class A | 9,432 | 81 |
* | NI Holdings Inc. | 5,476 | 77 |
USCB Financial Holdings Inc. | 7,018 | 77 | |
* | First Western Financial Inc. | 5,294 | 75 |
Nexpoint Real Estate Finance Inc. | 5,340 | 75 | |
* | Sterling Bancorp Inc. | 14,383 | 72 |
* | Pioneer Bancorp Inc. | 7,732 | 72 |
Bank7 Corp. | 2,316 | 65 | |
Greene County Bancorp Inc. | 2,169 | 62 | |
* | Luther Burbank Corp. | 6,674 | 61 |
* | Consumer Portfolio Services Inc. | 6,166 | 54 |
MarketWise Inc. | 24,347 | 44 | |
* | Open Lending Corp. Class A | 5,872 | 43 |
* | SWK Holdings Corp. | 2,580 | 43 |
* | GoHealth Inc. Class A | 2,928 | 39 |
* | Finance of America Cos. Inc. Class A | 39,695 | 34 |
Blue Ridge Bankshares Inc. | 13,052 | 32 | |
Esquire Financial Holdings Inc. | 592 | 30 | |
*,1 | Bakkt Holdings Inc. | 52,149 | 30 |
GCM Grosvenor Inc. Class A | 3,328 | 28 | |
* | OppFi Inc. | 8,047 | 28 |
Value Line Inc. | 50 | 2 | |
217,538 | |||
Health Care (9.4%) | |||
* | Neogen Corp. | 150,609 | 2,589 |
* | Integer Holdings Corp. | 22,936 | 2,530 |
* | Iovance Biotherapeutics Inc. | 158,367 | 2,520 |
* | Prestige Consumer Healthcare Inc. | 34,458 | 2,398 |
* | Biohaven Ltd. | 47,290 | 2,277 |
* | LivaNova plc | 35,119 | 1,925 |
* | Intellia Therapeutics Inc. | 52,412 | 1,683 |
* | Twist Bioscience Corp. | 39,439 | 1,550 |
* | Crinetics Pharmaceuticals Inc. | 37,682 | 1,543 |
Patterson Cos. Inc. | 46,646 | 1,264 | |
* | Recursion Pharmaceuticals Inc. Class A | 93,785 | 1,262 |
* | NeoGenomics Inc. | 79,890 | 1,246 |
* | Owens & Minor Inc. | 51,056 | 1,242 |
* | Agios Pharmaceuticals Inc. | 38,147 | 1,233 |
* | Veracyte Inc. | 50,006 | 1,178 |
* | Myriad Genetics Inc. | 55,509 | 1,162 |
* | Celldex Therapeutics Inc. | 23,677 | 1,138 |
* | Kura Oncology Inc. | 48,484 | 1,022 |
* | Avidity Biosciences Inc. | 50,816 | 930 |
National HealthCare Corp. | 8,590 | 848 | |
* | Bridgebio Pharma Inc. | 23,923 | 817 |
* | Ligand Pharmaceuticals Inc. | 9,873 | 783 |
* | REVOLUTION Medicines Inc. | 25,590 | 754 |
* | Tarsus Pharmaceuticals Inc. | 19,720 | 754 |
* | Brookdale Senior Living Inc. | 128,164 | 733 |
Shares | Market Value• ($000) | ||
* | 4D Molecular Therapeutics Inc. | 25,150 | 705 |
* | Ideaya Biosciences Inc. | 14,721 | 658 |
* | MiMedx Group Inc. | 79,302 | 647 |
* | Relay Therapeutics Inc. | 61,988 | 621 |
* | Vir Biotechnology Inc. | 54,552 | 613 |
* | Sana Biotechnology Inc. | 61,053 | 613 |
* | Verve Therapeutics Inc. | 35,841 | 611 |
* | Avanos Medical Inc. | 31,819 | 591 |
* | Scholar Rock Holding Corp. | 38,128 | 591 |
* | Dyne Therapeutics Inc. | 21,728 | 585 |
* | Editas Medicine Inc. | 56,458 | 568 |
* | Innoviva Inc. | 37,099 | 567 |
* | Arcturus Therapeutics Holdings Inc. | 14,630 | 567 |
* | Vera Therapeutics Inc. | 12,038 | 567 |
* | Janux Therapeutics Inc. | 11,127 | 538 |
* | Ironwood Pharmaceuticals Inc. | 56,511 | 533 |
* | Pediatrix Medical Group Inc. | 57,865 | 529 |
* | Addus HomeCare Corp. | 5,676 | 524 |
* | MacroGenics Inc. | 29,234 | 524 |
* | Ardelyx Inc. | 54,647 | 509 |
Embecta Corp. | 35,467 | 506 | |
* | Alphatec Holdings Inc. | 37,390 | 502 |
* | Arcus Biosciences Inc. | 25,822 | 494 |
* | REGENXBIO Inc. | 28,213 | 492 |
* | Quanterix Corp. | 20,368 | 488 |
* | Edgewise Therapeutics Inc. | 29,410 | 480 |
* | Amneal Pharmaceuticals Inc. | 83,810 | 463 |
* | Varex Imaging Corp. | 26,683 | 459 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 21,547 | 456 |
* | Zymeworks Inc. | 37,278 | 448 |
* | Caribou Biosciences Inc. | 56,217 | 445 |
* | Artivion Inc. | 22,975 | 443 |
* | Protagonist Therapeutics Inc. | 14,587 | 443 |
* | Altimmune Inc. | 36,305 | 439 |
* | Xencor Inc. | 19,025 | 437 |
* | Pacific Biosciences of California Inc. | 78,340 | 433 |
* | Fate Therapeutics Inc. | 58,212 | 413 |
* | Omnicell Inc. | 15,603 | 409 |
* | Nurix Therapeutics Inc. | 32,680 | 404 |
* | Deciphera Pharmaceuticals Inc. | 23,905 | 399 |
* | CareDx Inc. | 35,737 | 380 |
* | OmniAb Inc. | 64,241 | 375 |
* | ADMA Biologics Inc. | 68,781 | 369 |
* | Alpine Immune Sciences Inc. | 10,471 | 369 |
* | OraSure Technologies Inc. | 49,534 | 356 |
* | Cytokinetics Inc. | 4,857 | 351 |
* | Lyell Immunopharma Inc. | 119,172 | 348 |
* | ORIC Pharmaceuticals Inc. | 26,832 | 342 |
* | Tango Therapeutics Inc. | 30,683 | 342 |
* | Theravance Biopharma Inc. | 35,440 | 336 |
* | Cullinan Oncology Inc. | 17,752 | 328 |
*,1 | Nano-X Imaging Ltd. | 29,271 | 327 |
* | AdaptHealth Corp. | 31,745 | 325 |
* | Allogene Therapeutics Inc. | 64,860 | 318 |
* | Fulgent Genetics Inc. | 14,068 | 317 |
* | Orthofix Medical Inc. | 24,166 | 316 |
* | AtriCure Inc. | 8,966 | 314 |
* | Enhabit Inc. | 34,600 | 311 |
* | Zimvie Inc. | 17,775 | 301 |
Shares | Market Value• ($000) | ||
* | Multiplan Corp. | 264,557 | 296 |
* | Savara Inc. | 58,111 | 293 |
* | Inhibrx Inc. | 7,966 | 292 |
* | Replimune Group Inc. | 33,917 | 291 |
* | KalVista Pharmaceuticals Inc. | 21,262 | 290 |
* | LifeStance Health Group Inc. | 33,285 | 278 |
*,1 | OPKO Health Inc. | 277,065 | 277 |
* | ALX Oncology Holdings Inc. | 18,521 | 272 |
HealthStream Inc. | 9,845 | 269 | |
* | PTC Therapeutics Inc. | 9,531 | 269 |
* | Apogee Therapeutics Inc. | 7,683 | 268 |
* | MaxCyte Inc. | 55,925 | 257 |
*,1 | Enliven Therapeutics Inc. | 16,043 | 256 |
* | Nkarta Inc. | 20,770 | 251 |
* | HilleVax Inc. | 13,690 | 248 |
* | Anika Therapeutics Inc. | 10,026 | 243 |
* | Community Health Systems Inc. | 86,395 | 241 |
* | Taro Pharmaceutical Industries Ltd. | 5,637 | 237 |
* | Nevro Corp. | 16,065 | 234 |
* | Olema Pharmaceuticals Inc. | 18,445 | 229 |
* | EyePoint Pharmaceuticals Inc. | 8,410 | 229 |
* | Atea Pharmaceuticals Inc. | 52,634 | 227 |
* | Y-mAbs Therapeutics Inc. | 13,451 | 225 |
* | Inozyme Pharma Inc. | 32,771 | 208 |
* | Sutro Biopharma Inc. | 41,285 | 203 |
* | Larimar Therapeutics Inc. | 17,616 | 203 |
* | Nuvation Bio Inc. | 104,706 | 196 |
* | WaVe Life Sciences Ltd. | 40,581 | 195 |
* | American Well Corp. Class A | 179,609 | 194 |
* | Entrada Therapeutics Inc. | 14,694 | 194 |
* | Codexis Inc. | 41,236 | 192 |
* | Syndax Pharmaceuticals Inc. | 8,182 | 192 |
* | iTeos Therapeutics Inc. | 17,897 | 192 |
* | Castle Biosciences Inc. | 10,498 | 190 |
* | Tenaya Therapeutics Inc. | 31,904 | 190 |
* | Sharecare Inc. | 201,300 | 189 |
* | BioCryst Pharmaceuticals Inc. | 33,442 | 188 |
* | Beam Therapeutics Inc. | 4,760 | 188 |
* | Celcuity Inc. | 11,972 | 186 |
* | Poseida Therapeutics Inc. | 46,554 | 184 |
* | Cogent Biosciences Inc. | 26,155 | 183 |
* | Dynavax Technologies Corp. | 14,198 | 180 |
* | Geron Corp. (XNGS) | 90,073 | 180 |
* | 2seventy bio Inc. | 34,479 | 179 |
* | Annexon Inc. | 31,361 | 175 |
* | Phathom Pharmaceuticals Inc. | 16,389 | 175 |
* | Vanda Pharmaceuticals Inc. | 38,732 | 173 |
* | Aura Biosciences Inc. | 19,032 | 173 |
* | Enanta Pharmaceuticals Inc. | 11,901 | 171 |
* | Zevra Therapeutics Inc. | 25,004 | 169 |
* | Gritstone bio Inc. | 59,461 | 167 |
* | Mersana Therapeutics Inc. | 29,022 | 158 |
* | Rocket Pharmaceuticals Inc. | 5,377 | 158 |
* | ANI Pharmaceuticals Inc. | 2,314 | 157 |
* | Longboard Pharmaceuticals Inc. | 7,001 | 155 |
* | Mineralys Therapeutics Inc. | 9,911 | 152 |
* | Organogenesis Holdings Inc. | 42,387 | 151 |
* | Agenus Inc. | 221,022 | 148 |
* | Surgery Partners Inc. | 4,772 | 148 |
* | Health Catalyst Inc. | 17,586 | 146 |
Shares | Market Value• ($000) | ||
* | Stoke Therapeutics Inc. | 18,902 | 146 |
* | AngioDynamics Inc. | 26,222 | 144 |
* | Precigen Inc. | 91,413 | 141 |
* | Ovid therapeutics Inc. | 40,813 | 139 |
* | Kodiak Sciences Inc. | 22,999 | 138 |
* | Monte Rosa Therapeutics Inc. | 21,634 | 137 |
* | MannKind Corp. | 32,645 | 134 |
* | Third Harmonic Bio Inc. | 13,118 | 133 |
* | Liquidia Corp. | 9,349 | 132 |
* | Erasca Inc. | 55,313 | 132 |
Phibro Animal Health Corp. Class A | 9,751 | 126 | |
* | Tyra Biosciences Inc. | 6,154 | 123 |
* | Sangamo Therapeutics Inc. | 102,304 | 119 |
* | Butterfly Network Inc. | 100,017 | 119 |
* | XOMA Corp. | 4,853 | 118 |
* | Inari Medical Inc. | 2,557 | 118 |
* | 23andMe Holding Co. Class A | 205,036 | 117 |
* | Viridian Therapeutics Inc. | 6,126 | 115 |
*,1 | Omeros Corp. | 25,439 | 114 |
* | Quantum-Si Inc. | 68,078 | 114 |
*,1 | IGM Biosciences Inc. | 8,947 | 113 |
* | Emergent BioSolutions Inc. | 34,435 | 111 |
* | Acelyrin Inc. | 12,975 | 110 |
* | ARS Pharmaceuticals Inc. | 13,077 | 109 |
* | FibroGen Inc. | 63,100 | 108 |
* | 908 Devices Inc. | 14,645 | 108 |
* | Bluebird Bio Inc. | 75,916 | 106 |
* | Inogen Inc. | 15,681 | 104 |
* | Morphic Holding Inc. | 2,813 | 104 |
* | Compass Therapeutics Inc. | 57,636 | 103 |
*,2 | Scilex Holding Co. (Acquired 1/6/23, Cost $525) | 50,101 | 102 |
*,1 | Neumora Therapeutics Inc. | 5,421 | 96 |
* | Nautilus Biotechnology Inc. | 34,374 | 92 |
* | Fennec Pharmaceuticals Inc. | 9,595 | 91 |
* | Adaptive Biotechnologies Corp. | 21,900 | 90 |
* | Arbutus Biopharma Corp. | 31,960 | 90 |
*,1 | Lexicon Pharmaceuticals Inc. | 34,438 | 86 |
* | PepGen Inc. | 5,041 | 85 |
* | BioAtla Inc. | 31,194 | 84 |
* | Computer Programs and Systems Inc. | 9,383 | 83 |
*,1 | ImmunityBio Inc. | 17,279 | 82 |
* | Trevi Therapeutics Inc. | 27,616 | 81 |
*,1 | Pulse Biosciences Inc. | 8,038 | 79 |
* | Protalix BioTherapeutics Inc. | 47,105 | 77 |
* | Arvinas Inc. | 1,662 | 76 |
* | Generation Bio Co. | 29,458 | 74 |
* | Terns Pharmaceuticals Inc. | 9,819 | 72 |
* | Genelux Corp. | 9,785 | 71 |
* | Seer Inc. | 37,884 | 69 |
* | Aveanna Healthcare Holdings Inc. | 28,592 | 68 |
* | Day One Biopharmaceuticals Inc. | 3,936 | 66 |
* | Allakos Inc. | 43,314 | 64 |
* | UroGen Pharma Ltd. | 3,510 | 64 |
* | Vor BioPharma Inc. | 27,692 | 64 |
* | AnaptysBio Inc. | 2,454 | 63 |
* | Cabaletta Bio Inc. | 2,666 | 61 |
* | Century Therapeutics Inc. | 16,710 | 61 |
* | Graphite Bio Inc. | 18,061 | 61 |
Shares | Market Value• ($000) | ||
* | Novavax Inc. | 12,088 | 60 |
* | PetIQ Inc. | 3,303 | 60 |
* | Design Therapeutics Inc. | 21,210 | 59 |
* | Assertio Holdings Inc. | 66,140 | 58 |
* | Kezar Life Sciences Inc. | 53,021 | 56 |
* | Citius Pharmaceuticals Inc. | 70,436 | 54 |
* | Adicet Bio Inc. | 22,530 | 53 |
* | PMV Pharmaceuticals Inc. | 28,609 | 53 |
* | Rallybio Corp. | 22,824 | 53 |
* | Sage Therapeutics Inc. | 2,405 | 52 |
Carisma Therapeutics Inc. | 19,918 | 51 | |
* | Atara Biotherapeutics Inc. | 63,187 | 49 |
Cartesian Therapeutics Inc. (XNMS) | 64,264 | 47 | |
* | Eagle Pharmaceuticals Inc. | 7,730 | 45 |
* | OrthoPediatrics Corp. | 1,620 | 45 |
* | X4 Pharmaceuticals Inc. | 45,992 | 45 |
* | Rapt Therapeutics Inc. | 5,157 | 44 |
* | Zura Bio Ltd. | 11,735 | 43 |
* | NGM Biopharmaceuticals Inc. | 27,932 | 42 |
* | Vigil Neuroscience Inc. | 12,015 | 42 |
* | Astria Therapeutics Inc. | 2,917 | 41 |
* | ProKidney Corp. | 25,279 | 41 |
* | Prelude Therapeutics Inc. | 9,216 | 40 |
* | MeiraGTx Holdings plc | 6,256 | 39 |
* | BioLife Solutions Inc. | 2,081 | 35 |
* | Rigel Pharmaceuticals Inc. | 23,274 | 35 |
* | Ikena Oncology Inc. | 24,073 | 34 |
* | Biote Corp. Class A | 5,637 | 34 |
* | Healthcare Services Group Inc. | 2,615 | 33 |
* | Coherus Biosciences Inc. | 14,094 | 32 |
* | Acrivon Therapeutics Inc. | 6,468 | 31 |
* | Cara Therapeutics Inc. | 34,662 | 29 |
* | Allovir Inc. | 38,925 | 29 |
* | Seres Therapeutics Inc. | 24,273 | 28 |
* | Accolade Inc. | 2,774 | 28 |
* | Travere Therapeutics Inc. | 3,678 | 28 |
* | Disc Medicine Inc. | 413 | 28 |
*,1 | Cutera Inc. | 12,243 | 27 |
* | Agiliti Inc. | 2,781 | 27 |
* | Humacyte Inc. | 5,814 | 25 |
* | Immuneering Corp. Class A | 3,891 | 24 |
* | Aadi Bioscience Inc. | 12,114 | 24 |
* | CVRx Inc. | 1,057 | 21 |
* | Vicarious Surgical Inc. | 43,785 | 19 |
* | American Healthcare REIT Inc. | 1,209 | 17 |
* | Sagimet Biosciences Inc. Class A | 2,283 | 14 |
* | CareMax Inc. | 1,859 | 14 |
* | Cargo Therapeutics Inc. | 552 | 13 |
Utah Medical Products Inc. | 176 | 12 | |
* | Turnstone Biologics Corp. | 2,676 | 12 |
*,1 | Ocean Biomedical Inc. | 6,482 | 11 |
* | CG oncology Inc. | 239 | 11 |
* | Accuray Inc. | 3,641 | 9 |
* | Heron Therapeutics Inc. | 3,269 | 9 |
* | Actinium Pharmaceuticals Inc. | 1,099 | 9 |
* | BrightSpring Health Services Inc. | 956 | 9 |
* | CorMedix Inc. | 2,372 | 8 |
* | Reneo Pharmaceuticals Inc. | 3,878 | 6 |
* | Beyond Air Inc. | 2,460 | 5 |
* | Fractyl Health Inc. | 514 | 5 |
Shares | Market Value• ($000) | ||
* | ClearPoint Neuro Inc. | 667 | 4 |
* | Kyverna Therapeutics Inc. | 140 | 4 |
* | ArriVent Biopharma Inc. | 98 | 2 |
* | Metagenomi Inc. | 204 | 2 |
* | AirSculpt Technologies Inc. | 120 | 1 |
*,3 | PDL BioPharma Inc. | 270 | — |
*,3 | OmniAb Inc. 12.5 Earnout | 4,268 | — |
*,3 | OmniAb Inc. 15 Earnout | 4,268 | — |
82,781 | |||
Industrials (15.4%) | |||
* | Summit Materials Inc. Class A | 82,530 | 3,525 |
* | Beacon Roofing Supply Inc. | 39,137 | 3,362 |
GATX Corp. | 22,961 | 2,912 | |
* | Knife River Corp. | 39,094 | 2,897 |
Matson Inc. | 23,820 | 2,645 | |
* | Itron Inc. | 28,518 | 2,643 |
Zurn Elkay Water Solutions Corp. | 81,787 | 2,597 | |
* | Alight Inc. Class A | 286,152 | 2,578 |
Encore Wire Corp. | 10,392 | 2,505 | |
* | ASGN Inc. | 24,021 | 2,386 |
Moog Inc. Class A | 15,641 | 2,345 | |
Korn Ferry | 36,026 | 2,293 | |
* | Resideo Technologies Inc. | 101,248 | 2,261 |
Enpro Inc. | 14,497 | 2,259 | |
Scorpio Tankers Inc. | 33,001 | 2,215 | |
ABM Industries Inc. | 45,788 | 1,892 | |
* | Marqeta Inc. Class A | 288,347 | 1,883 |
* | Hub Group Inc. Class A | 43,542 | 1,852 |
* | Kratos Defense & Security Solutions Inc. | 99,475 | 1,814 |
UniFirst Corp. | 10,372 | 1,750 | |
* | GMS Inc. | 19,408 | 1,733 |
* | API Group Corp. | 47,848 | 1,677 |
* | Chart Industries Inc. | 11,480 | 1,640 |
* | AAR Corp. | 23,448 | 1,566 |
Patrick Industries Inc. | 12,989 | 1,558 | |
* | Masterbrand Inc. | 89,736 | 1,553 |
Werner Enterprises Inc. | 37,446 | 1,503 | |
International Seaways Inc. | 28,115 | 1,488 | |
ArcBest Corp. | 9,924 | 1,418 | |
Kennametal Inc. | 56,135 | 1,417 | |
Textainer Group Holdings Ltd. | 27,995 | 1,397 | |
* | StoneCo. Ltd. Class A | 78,695 | 1,354 |
Primoris Services Corp. | 34,185 | 1,351 | |
* | Mirion Technologies Inc. | 137,790 | 1,348 |
Granite Construction Inc. | 26,146 | 1,347 | |
Bread Financial Holdings Inc. | 34,412 | 1,317 | |
* | Hillman Solutions Corp. | 134,313 | 1,308 |
AZZ Inc. | 17,189 | 1,251 | |
Otter Tail Corp. | 13,348 | 1,207 | |
* | CoreCivic Inc. | 78,230 | 1,191 |
Barnes Group Inc. | 33,689 | 1,177 | |
Powell Industries Inc. | 6,305 | 1,168 | |
Trinity Industries Inc. | 45,689 | 1,160 | |
* | Modine Manufacturing Co. | 12,743 | 1,143 |
Terex Corp. | 19,212 | 1,102 | |
Golden Ocean Group Ltd. | 84,682 | 1,090 | |
Greenbrier Cos. Inc. | 21,006 | 1,087 | |
SFL Corp. Ltd. | 79,882 | 1,067 | |
* | JELD-WEN Holding Inc. | 58,556 | 1,066 |
Greif Inc. Class A | 16,445 | 1,060 | |
* | American Woodmark Corp. | 10,557 | 1,058 |
DHT Holdings Inc. | 94,346 | 1,021 | |
Belden Inc. | 11,136 | 949 |
Shares | Market Value• ($000) | ||
Teekay Tankers Ltd. Class A | 16,453 | 902 | |
Kaman Corp. | 19,625 | 899 | |
Griffon Corp. | 11,617 | 829 | |
Columbus McKinnon Corp. | 19,423 | 811 | |
Quanex Building Products Corp. | 22,695 | 785 | |
ESCO Technologies Inc. | 7,439 | 758 | |
* | PagSeguro Digital Ltd. Class A | 53,404 | 743 |
* | BlueLinx Holdings Inc. | 5,821 | 738 |
* | Joby Aviation Inc. | 127,635 | 717 |
* | Gibraltar Industries Inc. | 9,214 | 714 |
Tennant Co. | 6,031 | 683 | |
TriMas Corp. | 28,548 | 671 | |
VSE Corp. | 9,000 | 667 | |
* | Proto Labs Inc. | 18,136 | 661 |
Astec Industries Inc. | 15,636 | 635 | |
* | SPX Technologies Inc. | 5,320 | 623 |
* | Triumph Group Inc. | 44,292 | 616 |
* | Aspen Aerogels Inc. | 35,129 | 604 |
Genco Shipping & Trading Ltd. | 28,954 | 591 | |
* | Aurora Innovation Inc. | 232,744 | 591 |
Deluxe Corp. | 29,931 | 581 | |
Nordic American Tankers Ltd. | 141,179 | 575 | |
* | Thermon Group Holdings Inc. | 20,340 | 555 |
* | Blue Bird Corp. | 16,133 | 546 |
Apogee Enterprises Inc. | 9,406 | 538 | |
First Advantage Corp. | 33,803 | 529 | |
Kelly Services Inc. Class A | 21,528 | 528 | |
* | Cimpress plc | 5,379 | 527 |
*,1 | Archer Aviation Inc. Class A | 104,834 | 506 |
* | Repay Holdings Corp. | 57,084 | 496 |
Insteel Industries Inc. | 12,890 | 469 | |
* | Air Transport Services Group Inc. | 38,772 | 468 |
Ardmore Shipping Corp. | 28,707 | 466 | |
Heidrick & Struggles International Inc. | 13,647 | 464 | |
* | CECO Environmental Corp. | 20,410 | 462 |
* | Titan International Inc. | 36,077 | 460 |
Gorman-Rupp Co. | 12,289 | 459 | |
REV Group Inc. | 21,781 | 450 | |
* | Ducommun Inc. | 9,216 | 440 |
Heartland Express Inc. | 32,270 | 412 | |
Argan Inc. | 8,729 | 409 | |
* | Conduent Inc. | 118,255 | 407 |
Pactiv Evergreen Inc. | 27,543 | 406 | |
* | Great Lakes Dredge & Dock Corp. | 45,127 | 403 |
Eagle Bulk Shipping Inc. | 6,365 | 390 | |
* | Hudson Technologies Inc. | 25,272 | 370 |
* | Cross Country Healthcare Inc. | 19,896 | 364 |
Costamare Inc. | 32,049 | 364 | |
*,1 | PureCycle Technologies Inc. | 62,218 | 360 |
* | Titan Machinery Inc. | 14,163 | 357 |
Ennis Inc. | 17,527 | 356 | |
Dorian LPG Ltd. | 9,756 | 353 | |
* | Astronics Corp. | 18,068 | 346 |
* | ACI Worldwide Inc. | 10,224 | 337 |
* | Manitowoc Co. Inc. | 23,972 | 334 |
* | DXP Enterprises Inc. | 9,362 | 333 |
* | Tutor Perini Corp. | 29,178 | 331 |
Miller Industries Inc. | 7,177 | 323 |
Shares | Market Value• ($000) | ||
* | Teekay Corp. | 42,688 | 323 |
* | Paysafe Ltd. | 22,318 | 321 |
HB Fuller Co. | 4,028 | 320 | |
* | Nikola Corp. | 427,386 | 318 |
* | Donnelley Financial Solutions Inc. | 4,887 | 316 |
* | Sterling Check Corp. | 20,142 | 316 |
FTAI Infrastructure Inc. | 68,085 | 312 | |
Resources Connection Inc. | 22,301 | 308 | |
* | V2X Inc. | 7,934 | 305 |
* | Evolv Technologies Holdings Inc. | 64,027 | 305 |
* | Vishay Precision Group Inc. | 8,533 | 295 |
Covenant Logistics Group Inc. | 5,739 | 279 | |
National Presto Industries Inc. | 3,553 | 275 | |
* | Sterling Infrastructure Inc. | 2,577 | 275 |
Standex International Corp. | 1,544 | 267 | |
* | O-I Glass Inc. | 15,788 | 267 |
* | FARO Technologies Inc. | 11,893 | 266 |
* | Green Dot Corp. Class A | 31,932 | 262 |
Overseas Shipholding Group Inc. Class A | 42,583 | 259 | |
Albany International Corp. Class A | 2,739 | 257 | |
Greif Inc. Class B | 4,014 | 257 | |
* | Limbach Holdings Inc. | 5,175 | 255 |
* | Fluor Corp. | 6,755 | 249 |
* | BrightView Holdings Inc. | 28,456 | 248 |
* | TrueBlue Inc. | 20,880 | 245 |
* | RXO Inc. | 10,646 | 229 |
* | Advantage Solutions Inc. | 59,672 | 227 |
Safe Bulkers Inc. | 45,821 | 213 | |
Pangaea Logistics Solutions Ltd. | 25,106 | 210 | |
Park Aerospace Corp. | 12,816 | 195 | |
* | Hyliion Holdings Corp. | 104,287 | 190 |
Luxfer Holdings plc | 18,235 | 181 | |
EnerSys | 1,956 | 180 | |
* | Willdan Group Inc. | 8,376 | 175 |
* | Virgin Galactic Holdings Inc. | 98,726 | 172 |
Flex LNG Ltd. | 6,694 | 169 | |
Park-Ohio Holdings Corp. | 5,857 | 157 | |
Universal Logistics Holdings Inc. | 4,635 | 157 | |
* | Aersale Corp. | 17,568 | 155 |
Marten Transport Ltd. | 8,000 | 151 | |
* | Radiant Logistics Inc. | 24,888 | 144 |
* | Ranpak Holdings Corp. | 29,579 | 141 |
Kronos Worldwide Inc. | 14,952 | 136 | |
* | Hireright Holdings Corp. | 9,364 | 133 |
Quad/Graphics Inc. | 21,818 | 131 | |
* | Blade Air Mobility Inc. | 40,711 | 129 |
* | Commercial Vehicle Group Inc. | 19,601 | 128 |
* | Gencor Industries Inc. | 7,719 | 127 |
Himalaya Shipping Ltd. | 15,824 | 125 | |
Preformed Line Products Co. | 902 | 124 | |
*,1 | Microvast Holdings Inc. | 144,609 | 124 |
*,1 | Desktop Metal Inc. Class A | 199,963 | 122 |
* | Mistras Group Inc. | 13,907 | 120 |
* | BlackSky Technology Inc. | 82,018 | 117 |
* | AvidXchange Holdings Inc. | 8,689 | 116 |
* | Acacia Research Corp. | 27,093 | 109 |
* | Atmus Filtration Technologies Inc. | 4,505 | 108 |
Shares | Market Value• ($000) | ||
Trinseo plc | 23,354 | 105 | |
* | Atlanticus Holdings Corp. | 3,134 | 104 |
* | Willis Lease Finance Corp. | 2,135 | 102 |
* | CS Disco Inc. | 15,126 | 101 |
* | NV5 Global Inc. | 930 | 95 |
* | DHI Group Inc. | 30,147 | 85 |
* | Core Molding Technologies Inc. | 4,493 | 83 |
* | Mayville Engineering Co. Inc. | 6,773 | 83 |
* | Cantaloupe Inc. | 12,320 | 80 |
*,1 | Danimer Scientific Inc. | 56,968 | 76 |
* | CryoPort Inc. | 4,023 | 71 |
*,1 | Terran Orbital Corp. | 65,383 | 71 |
LSI Industries Inc. | 4,878 | 70 | |
* | Iteris Inc. | 12,891 | 67 |
* | PAM Transportation Services Inc. | 3,562 | 66 |
*,1,3 | Tingo Group Inc. | 93,192 | 64 |
Cass Information Systems Inc. | 1,171 | 57 | |
* | Concrete Pumping Holdings Inc. | 6,922 | 57 |
Information Services Group Inc. | 11,946 | 52 | |
* | Babcock & Wilcox Enterprises Inc. | 39,847 | 51 |
Barrett Business Services Inc. | 379 | 46 | |
*,1 | Workhorse Group Inc. | 136,066 | 46 |
* | Performant Financial Corp. | 12,674 | 37 |
* | Skillsoft Corp. | 2,999 | 37 |
* | INNOVATE Corp. | 34,754 | 27 |
* | Distribution Solutions Group Inc. | 649 | 20 |
EVI Industries Inc. | 591 | 13 | |
* | Southland Holdings Inc. | 2,660 | 12 |
* | Eos Energy Enterprises Inc. | 8,035 | 8 |
* | CompoSecure Inc. | 1,627 | 8 |
135,887 | |||
Other (0.0%)4 | |||
* | Alto Neuroscience Inc. | 136 | 2 |
*,3 | Aduro Biotech Inc. CVR | 724 | — |
2 | |||
Real Estate (10.1%) | |||
Terreno Realty Corp. | 57,181 | 3,677 | |
Kite Realty Group Trust | 150,368 | 3,219 | |
PotlatchDeltic Corp. | 54,648 | 2,471 | |
Macerich Co. | 149,648 | 2,456 | |
Phillips Edison & Co. Inc. | 67,611 | 2,415 | |
Apple Hospitality REIT Inc. | 148,951 | 2,397 | |
Essential Properties Realty Trust Inc. | 96,183 | 2,298 | |
Independence Realty Trust Inc. | 156,043 | 2,284 | |
Sabra Health Care REIT Inc. | 159,855 | 2,219 | |
SL Green Realty Corp. | 44,922 | 2,178 | |
Broadstone Net Lease Inc. | 129,925 | 1,937 | |
Innovative Industrial Properties Inc. | 19,325 | 1,894 | |
COPT Defense Properties | 77,948 | 1,889 | |
SITE Centers Corp. | 131,740 | 1,789 | |
LXP Industrial Trust | 200,546 | 1,737 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 67,642 | 1,703 |
Shares | Market Value• ($000) | ||
Sunstone Hotel Investors Inc. | 144,062 | 1,612 | |
National Health Investors Inc. | 26,063 | 1,498 | |
Douglas Emmett Inc. | 111,980 | 1,480 | |
CareTrust REIT Inc. | 62,943 | 1,420 | |
DigitalBridge Group Inc. | 76,110 | 1,398 | |
DiamondRock Hospitality Co. | 145,563 | 1,368 | |
Urban Edge Properties | 79,583 | 1,354 | |
Four Corners Property Trust Inc. | 55,821 | 1,350 | |
* | Equity Commonwealth | 70,730 | 1,332 |
Pebblebrook Hotel Trust | 81,767 | 1,295 | |
RLJ Lodging Trust | 107,295 | 1,274 | |
InvenTrust Properties Corp. | 46,783 | 1,181 | |
JBG SMITH Properties | 69,769 | 1,157 | |
* | Cushman & Wakefield plc | 114,209 | 1,141 |
Xenia Hotels & Resorts Inc. | 73,868 | 1,133 | |
* | Opendoor Technologies Inc. | 361,843 | 1,114 |
Retail Opportunity Investments Corp. | 84,672 | 1,095 | |
Tanger Inc. | 37,694 | 1,086 | |
Acadia Realty Trust | 64,305 | 1,054 | |
Newmark Group Inc. Class A | 94,448 | 1,019 | |
* | GEO Group Inc. | 82,848 | 1,016 |
Global Net Lease Inc. | 133,830 | 965 | |
Uniti Group Inc. | 163,820 | 960 | |
Empire State Realty Trust Inc. Class A | 90,887 | 906 | |
LTC Properties Inc. | 28,228 | 888 | |
Getty Realty Corp. | 32,840 | 866 | |
Alexander & Baldwin Inc. | 49,950 | 812 | |
NETSTREIT Corp. | 47,515 | 799 | |
Veris Residential Inc. | 54,404 | 794 | |
Easterly Government Properties Inc. | 65,917 | 778 | |
Elme Communities | 60,443 | 778 | |
Outfront Media Inc. | 54,069 | 777 | |
Service Properties Trust | 113,380 | 771 | |
* | Apartment Investment and Management Co. Class A | 100,546 | 742 |
American Assets Trust Inc. | 33,567 | 724 | |
Kennedy-Wilson Holdings Inc. | 82,232 | 722 | |
Safehold Inc. | 33,476 | 673 | |
Plymouth Industrial REIT Inc. | 30,358 | 655 | |
Hudson Pacific Properties Inc. | 94,975 | 602 | |
Centerspace | 10,402 | 578 | |
Paramount Group Inc. | 127,259 | 564 | |
Diversified Healthcare Trust | 164,327 | 539 | |
Piedmont Office Realty Trust Inc. Class A | 84,950 | 533 | |
UMH Properties Inc. | 34,075 | 525 | |
Brandywine Realty Trust | 116,925 | 503 | |
Armada Hoffler Properties Inc. | 46,378 | 472 | |
Summit Hotel Properties Inc. | 72,017 | 462 | |
* | Forestar Group Inc. | 12,632 | 426 |
* | Anywhere Real Estate Inc. | 67,201 | 421 |
Whitestone REIT | 33,525 | 413 | |
Marcus & Millichap Inc. | 10,340 | 379 | |
Global Medical REIT Inc. | 42,057 | 376 | |
Farmland Partners Inc. | 30,732 | 363 | |
Peakstone Realty Trust REIT | 24,879 | 343 |
Shares | Market Value• ($000) | ||
Chatham Lodging Trust | 33,203 | 339 | |
NexPoint Residential Trust Inc. | 10,923 | 319 | |
Gladstone Land Corp. | 23,061 | 300 | |
Gladstone Commercial Corp. | 22,548 | 279 | |
* | FRP Holdings Inc. | 4,551 | 274 |
Ares Commercial Real Estate Corp. | 35,701 | 269 | |
CTO Realty Growth Inc. | 15,143 | 258 | |
* | Tejon Ranch Co. | 14,441 | 240 |
One Liberty Properties Inc. | 11,225 | 227 | |
Postal Realty Trust Inc. Class A | 14,062 | 201 | |
Community Healthcare Trust Inc. | 6,094 | 165 | |
Orion Office REIT Inc. | 39,293 | 138 | |
* | Star Holdings | 11,007 | 136 |
Alpine Income Property Trust Inc. | 8,645 | 135 | |
BRT Apartments Corp. | 7,956 | 123 | |
City Office REIT Inc. | 26,314 | 120 | |
Braemar Hotels & Resorts Inc. | 46,442 | 106 | |
RE/MAX Holdings Inc. Class A | 12,465 | 106 | |
* | Compass Inc. Class A | 26,904 | 106 |
Douglas Elliman Inc. | 57,702 | 106 | |
CBL & Associates Properties Inc. | 4,493 | 104 | |
Office Properties Income Trust | 32,043 | 86 | |
* | Stratus Properties Inc. | 3,784 | 83 |
RMR Group Inc. Class A | 3,058 | 75 | |
* | Transcontinental Realty Investors Inc. | 878 | 34 |
Saul Centers Inc. | 711 | 26 | |
* | American Realty Investors Inc. | 1,043 | 20 |
Clipper Realty Inc. | 1,264 | 6 | |
* | Maui Land & Pineapple Co. Inc. | 193 | 4 |
88,434 | |||
Technology (5.5%) | |||
* | Synaptics Inc. | 25,088 | 2,511 |
Amkor Technology Inc. | 78,101 | 2,423 | |
* | Sanmina Corp. | 37,093 | 2,344 |
Vishay Intertechnology Inc. | 89,332 | 1,943 | |
* | Ziff Davis Inc. | 24,616 | 1,693 |
* | LiveRamp Holdings Inc. | 45,516 | 1,592 |
* | Cleanspark Inc. | 90,680 | 1,516 |
Xerox Holdings Corp. | 81,057 | 1,512 | |
* | ePlus Inc. | 17,396 | 1,433 |
* | Ultra Clean Holdings Inc. | 30,577 | 1,321 |
* | Veeco Instruments Inc. | 35,223 | 1,275 |
* | Parsons Corp. | 15,519 | 1,251 |
* | Photronics Inc. | 41,992 | 1,209 |
* | TTM Technologies Inc. | 71,233 | 1,058 |
* | NetScout Systems Inc. | 47,690 | 1,033 |
* | Cohu Inc. | 32,086 | 1,031 |
*,1 | IonQ Inc. | 93,186 | 965 |
* | Semtech Corp. | 43,950 | 932 |
* | Onto Innovation Inc. | 4,815 | 887 |
* | ACM Research Inc. Class A | 27,755 | 858 |
* | Ichor Holdings Ltd. | 19,605 | 839 |
* | Squarespace Inc. Class A | 24,145 | 804 |
* | Bumble Inc. Class A | 69,586 | 797 |
Benchmark Electronics Inc. | 24,345 | 748 |
Shares | Market Value• ($000) | ||
*,1 | PAR Technology Corp. | 16,889 | 740 |
* | ScanSource Inc. | 17,005 | 735 |
* | Magnite Inc. | 53,601 | 644 |
* | Ambarella Inc. | 10,102 | 564 |
* | SMART Global Holdings Inc. | 26,005 | 553 |
Kulicke & Soffa Industries Inc. | 11,363 | 541 | |
PC Connection Inc. | 7,886 | 523 | |
* | PubMatic Inc. Class A | 24,095 | 505 |
* | E2open Parent Holdings Inc. | 118,928 | 503 |
Methode Electronics Inc. | 23,425 | 499 | |
*,1 | C3.ai Inc. Class A | 13,307 | 492 |
* | Diodes Inc. | 6,672 | 454 |
* | Vimeo Inc. | 91,184 | 437 |
* | SolarWinds Corp. | 35,101 | 419 |
* | Cerence Inc. | 27,734 | 413 |
* | nLight Inc. | 30,800 | 408 |
* | Xometry Inc. Class A | 20,700 | 405 |
* | Navitas Semiconductor Corp. | 63,272 | 389 |
* | Matterport Inc. | 179,790 | 381 |
* | 3D Systems Corp. | 89,841 | 372 |
* | SmartRent Inc. | 126,686 | 367 |
* | Rogers Corp. | 3,178 | 356 |
* | Alpha & Omega Semiconductor Ltd. | 15,942 | 349 |
* | PROS Holdings Inc. | 8,700 | 311 |
* | Kimball Electronics Inc. | 12,594 | 284 |
* | Bandwidth Inc. Class A | 12,845 | 264 |
* | Unisys Corp. | 45,675 | 237 |
* | Daktronics Inc. | 25,930 | 225 |
* | TrueCar Inc. | 61,606 | 214 |
* | Definitive Healthcare Corp. | 22,209 | 211 |
* | Plexus Corp. | 2,173 | 205 |
* | Fastly Inc. Class A | 13,606 | 194 |
* | Terawulf Inc. | 101,806 | 191 |
* | Olo Inc. Class A | 30,197 | 176 |
* | CommVault Systems Inc. | 1,727 | 165 |
* | Digital Turbine Inc. | 48,488 | 154 |
ON24 Inc. | 21,244 | 149 | |
Immersion Corp. | 21,385 | 144 | |
*,1 | Bit Digital Inc. | 50,318 | 131 |
* | Asure Software Inc. | 12,726 | 119 |
Adeia Inc. | 9,733 | 110 | |
* | MeridianLink Inc. | 5,633 | 107 |
* | Grid Dynamics Holdings Inc. | 7,426 | 100 |
* | Rackspace Technology Inc. | 45,436 | 96 |
* | Verint Systems Inc. | 2,970 | 94 |
* | Consensus Cloud Solutions Inc. | 5,652 | 90 |
* | Nextdoor Holdings Inc. | 39,453 | 86 |
* | Tucows Inc. Class A | 4,209 | 80 |
* | Cipher Mining Inc. | 26,126 | 77 |
* | N-Able Inc. | 5,381 | 73 |
* | Vivid Seats Inc. Class A | 12,181 | 73 |
* | Brightcove Inc. | 32,190 | 71 |
Richardson Electronics Ltd. | 7,961 | 70 | |
* | Intevac Inc. | 16,754 | 65 |
* | Aeva Technologies Inc. | 58,827 | 59 |
* | Mediaalpha Inc. Class A | 2,798 | 58 |
American Software Inc. Class A | 4,957 | 56 | |
* | FiscalNote Holdings Inc. | 33,572 | 55 |
* | Planet Labs PBC | 22,967 | 50 |
* | CEVA Inc. | 2,143 | 49 |
* | indie Semiconductor Inc. Class A | 6,814 | 42 |
Shares | Market Value• ($000) | ||
* | System1 Inc. | 23,014 | 38 |
Hackett Group Inc. | 1,493 | 37 | |
* | EverCommerce Inc. | 3,709 | 36 |
NVE Corp. | 421 | 35 | |
* | Eventbrite Inc. Class A | 5,487 | 31 |
* | Atomera Inc. | 4,531 | 29 |
* | EverQuote Inc. Class A | 1,367 | 22 |
* | Mitek Systems Inc. | 1,737 | 20 |
* | OneSpan Inc. | 2,109 | 20 |
* | NextNav Inc. | 3,358 | 14 |
48,241 | |||
Telecommunications (1.1%) | |||
* | Lumen Technologies Inc. | 693,011 | 1,123 |
* | EchoStar Corp. Class A | 83,690 | 1,097 |
Telephone and Data Systems Inc. | 68,049 | 1,041 | |
Cogent Communications Holdings Inc. | 11,174 | 904 | |
Shenandoah Telecommunications Co. | 33,419 | 624 | |
* | Liberty Latin America Ltd. Class C | 94,906 | 619 |
* | fuboTV Inc. | 194,644 | 403 |
Bel Fuse Inc. Class B | 6,651 | 346 | |
* | Gogo Inc. | 41,399 | 338 |
* | Xperi Inc. | 30,612 | 335 |
Adtran Holdings Inc. | 53,632 | 305 | |
* | NETGEAR Inc. | 19,886 | 298 |
* | Aviat Networks Inc. | 7,831 | 278 |
* | Viavi Solutions Inc. | 26,603 | 254 |
ATN International Inc. | 7,476 | 251 | |
Spok Holdings Inc. | 12,228 | 220 | |
* | Consolidated Communications Holdings Inc. | 46,798 | 202 |
* | Ribbon Communications Inc. | 61,068 | 182 |
* | Liberty Latin America Ltd. Class A | 23,924 | 154 |
* | WideOpenWest Inc. | 34,068 | 136 |
* | Comtech Telecommunications Corp. | 18,405 | 124 |
* | IDT Corp. Class B | 2,547 | 95 |
* | Globalstar Inc. | 58,726 | 92 |
* | Digi International Inc. | 2,845 | 84 |
* | KVH Industries Inc. | 12,213 | 58 |
* | Anterix Inc. | 812 | 32 |
* | DZS Inc. | 16,288 | 24 |
9,619 | |||
Utilities (3.6%) | |||
Southwest Gas Holdings Inc. | 42,642 | 2,906 | |
Portland General Electric Co. | 70,120 | 2,817 | |
Brookfield Infrastructure Corp. Class A (XTSE) | 73,880 | 2,451 | |
Black Hills Corp. | 46,585 | 2,424 | |
ONE Gas Inc. | 38,109 | 2,271 | |
ALLETE Inc. | 39,921 | 2,261 | |
Spire Inc. | 35,610 | 2,112 | |
Northwestern Energy Group Inc. | 42,588 | 2,041 | |
PNM Resources Inc. | 53,003 | 1,935 | |
Avista Corp. | 53,010 | 1,760 | |
New Jersey Resources Corp. | 32,053 | 1,334 | |
California Water Service Group | 27,193 | 1,248 | |
SJW Group | 21,960 | 1,209 |
Shares | Market Value• ($000) | ||
Northwest Natural Holding Co. | 24,709 | 908 | |
Ormat Technologies Inc. (XNYS) | 13,166 | 858 | |
MGE Energy Inc. | 12,321 | 778 | |
Chesapeake Utilities Corp. | 5,212 | 532 | |
* | Enviri Corp. | 54,250 | 426 |
Unitil Corp. | 7,833 | 399 | |
* | Altus Power Inc. | 43,952 | 299 |
* | Sunnova Energy International Inc. | 37,624 | 274 |
Aris Water Solutions Inc. Class A | 19,129 | 230 | |
Consolidated Water Co. Ltd. | 7,369 | 218 | |
Genie Energy Ltd. Class B | 6,237 | 114 | |
RGC Resources Inc. | 5,256 | 99 | |
Artesian Resources Corp. Class A | 1,758 | 61 | |
Excelerate Energy Inc. Class A | 2,878 | 45 | |
*,1 | Li-Cycle Holdings Corp. | 102,611 | 37 |
32,047 | |||
Total Common Stocks (Cost $891,128) | 878,343 | ||
Temporary Cash Investments (1.0%) | |||
Money Market Fund (1.0%) | |||
5,6 | Vanguard Market Liquidity Fund, 5.400% (Cost $8,630) | 86,345 | 8,634 |
Total Investments (100.8%) (Cost $899,758) | 886,977 | ||
Other Assets and Liabilities—Net (-0.8%) | (7,105) | ||
Net Assets (100%) | 879,872 | ||
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 $6,969,000. |
2 | Restricted securities totaling $102,000, representing 0.0% of net assets. |
3 | Security value determined using significant unobservable inputs. |
4 | “Other” represents securities that are not classified by the fund’s benchmark index. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
6 | Collateral of $7,905,000 was received for securities on loan, of which $7,862,000 is held in Vanguard Market Liquidity Fund and $43,000 is held in cash. |
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 2024 | 15 | 1,543 | 55 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $891,128) | 878,343 |
Affiliated Issuers (Cost $8,630) | 8,634 |
Total Investments in Securities | 886,977 |
Investment in Vanguard | 30 |
Cash | 43 |
Cash Collateral Pledged—Futures Contracts | 100 |
Receivables for Investment Securities Sold | 2,778 |
Receivables for Accrued Income | 1,110 |
Receivables for Capital Shares Issued | 36 |
Variation Margin Receivable—Futures Contracts | 10 |
Total Assets | 891,084 |
Liabilities | |
Due to Custodian | 416 |
Payables for Investment Securities Purchased | 2,834 |
Collateral for Securities on Loan | 7,905 |
Payables for Capital Shares Redeemed | 8 |
Payables to Vanguard | 49 |
Total Liabilities | 11,212 |
Net Assets | 879,872 |
1 Includes $6,969,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 1,169,973 |
Total Distributable Earnings (Loss) | (290,101) |
Net Assets | 879,872 |
ETF Shares—Net Assets | |
Applicable to 5,850,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 786,799 |
Net Asset Value Per Share—ETF Shares | $134.50 |
Institutional Shares—Net Assets | |
Applicable to 350,835 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 93,073 |
Net Asset Value Per Share—Institutional Shares | $265.29 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 8,026 |
Interest2 | 21 |
Securities Lending—Net | 310 |
Total Income | 8,357 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 10 |
Management and Administrative—ETF Shares | 478 |
Management and Administrative—Institutional Shares | 55 |
Marketing and Distribution—ETF Shares | 20 |
Marketing and Distribution—Institutional Shares | 3 |
Custodian Fees | 33 |
Shareholders’ Reports—ETF Shares | 27 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | — |
Other Expenses | 9 |
Total Expenses | 635 |
Net Investment Income | 7,722 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | (8,087) |
Futures Contracts | 14 |
Realized Net Gain (Loss) | (8,073) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 67,709 |
Futures Contracts | 65 |
Change in Unrealized Appreciation (Depreciation) | 67,774 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 67,423 |
1 | Dividends are net of foreign withholding taxes of $12,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $18,000, less than $1,000, less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $9,618,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 7,722 | 22,598 | |
Realized Net Gain (Loss) | (8,073) | (46,175) | |
Change in Unrealized Appreciation (Depreciation) | 67,774 | 38,704 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 67,423 | 15,127 | |
Distributions | |||
ETF Shares | (10,904) | (18,223) | |
Institutional Shares | (2,541) | (4,018) | |
Total Distributions | (13,445) | (22,241) | |
Capital Share Transactions | |||
ETF Shares | (47,281) | (41,552) | |
Institutional Shares | (91,891) | (7,012) | |
Net Increase (Decrease) from Capital Share Transactions | (139,172) | (48,564) | |
Total Increase (Decrease) | (85,194) | (55,678) | |
Net Assets | |||
Beginning of Period | 965,066 | 1,020,744 | |
End of Period | 879,872 | 965,066 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $126.66 | $126.77 | $143.88 | $91.76 | $99.51 | $119.05 |
Investment Operations | ||||||
Net Investment Income1 | 1.023 | 2.816 | 2.353 | 1.998 | 1.868 | 1.912 |
Net Realized and Unrealized Gain (Loss) on Investments | 8.604 | (.234) | (16.986) | 51.982 | (7.771) | (19.589) |
Total from Investment Operations | 9.627 | 2.582 | (14.633) | 53.980 | (5.903) | (17.677) |
Distributions | ||||||
Dividends from Net Investment Income | (1.787) | (2.692) | (2.477) | (1.860) | (1.847) | (1.863) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.787) | (2.692) | (2.477) | (1.860) | (1.847) | (1.863) |
Net Asset Value, End of Period | $134.50 | $126.66 | $126.77 | $143.88 | $91.76 | $99.51 |
Total Return | 7.68% | 2.19% | -10.28% | 59.34% | -6.05% | -14.93% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $787 | $788 | $837 | $1,036 | $303 | $251 |
Ratio of Total Expenses to Average Net Assets | 0.15% | 0.15%2 | 0.15% | 0.15% | 0.15% | 0.15% |
Ratio of Net Investment Income to Average Net Assets | 1.86% | 2.27% | 1.71% | 1.52% | 1.99% | 1.83% |
Portfolio Turnover Rate3 | 5% | 27% | 28% | 45% | 38% | 27% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $249.83 | $250.04 | $283.82 | $180.98 | $196.24 | $234.81 |
Investment Operations | ||||||
Net Investment Income1 | 2.197 | 5.717 | 4.918 | 4.212 | 3.783 | 3.966 |
Net Realized and Unrealized Gain (Loss) on Investments | 16.870 | (.456) | (33.609) | 102.428 | (15.303) | (38.670) |
Total from Investment Operations | 19.067 | 5.261 | (28.691) | 106.640 | (11.520) | (34.704) |
Distributions | ||||||
Dividends from Net Investment Income | (3.607) | (5.471) | (5.089) | (3.800) | (3.740) | (3.866) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (3.607) | (5.471) | (5.089) | (3.800) | (3.740) | (3.866) |
Net Asset Value, End of Period | $265.29 | $249.83 | $250.04 | $283.82 | $180.98 | $196.24 |
Total Return | 7.72% | 2.26% | -10.23% | 59.46% | -5.97% | -14.88% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $93 | $177 | $184 | $202 | $88 | $140 |
Ratio of Total Expenses to Average Net Assets | 0.08% | 0.08%2 | 0.08% | 0.08% | 0.08% | 0.08% |
Ratio of Net Investment Income to Average Net Assets | 2.01% | 2.34% | 1.82% | 1.67% | 2.04% | 1.90% |
Portfolio Turnover Rate3 | 5% | 27% | 28% | 45% | 38% | 27% |
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 | 878,177 | 102 | 64 | 878,343 |
Temporary Cash Investments | 8,634 | — | — | 8,634 |
Total | 886,811 | 102 | 64 | 886,977 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 55 | — | — | 55 |
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 29, 2024, 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 | 903,556 |
Gross Unrealized Appreciation | 142,816 |
Gross Unrealized Depreciation | (159,340) |
Net Unrealized Appreciation (Depreciation) | (16,524) |
E. | During the six months ended February 29, 2024, the fund purchased $44,556,000 of investment securities and sold $136,860,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $15,265,000 and $62,524,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 15,283 | 125 | 223,537 | 1,825 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (62,564) | (500) | (265,089) | (2,200) | |
Net Increase (Decrease)—ETF Shares | (47,281) | (375) | (41,552) | (375) | |
Institutional Shares | |||||
Issued | 2,746 | 11 | 25,641 | 108 | |
Issued in Lieu of Cash Distributions | 2,540 | 10 | 4,016 | 17 | |
Redeemed | (97,177) | (377) | (36,669) | (154) | |
Net Increase (Decrease)—Institutional Shares | (91,891) | (356) | (7,012) | (29) |
G. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
H. | Management has determined that no material events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
Basic Materials | 3.4% |
Consumer Discretionary | 12.7 |
Consumer Staples | 3.5 |
Energy | 5.1 |
Financials | 5.1 |
Health Care | 21.8 |
Industrials | 22.5 |
Real Estate | 1.6 |
Technology | 21.4 |
Telecommunications | 1.4 |
Utilities | 1.5 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.9%) | |||
Basic Materials (3.4%) | |||
* | Arcadium Lithium plc | 914,384 | 5,020 |
Balchem Corp. | 28,587 | 4,494 | |
Cabot Corp. | 49,504 | 4,205 | |
Sensient Technologies Corp. | 37,628 | 2,517 | |
Quaker Chemical Corp. | 12,413 | 2,489 | |
Materion Corp. | 18,358 | 2,466 | |
Innospec Inc. | 19,618 | 2,438 | |
Mueller Industries Inc. | 43,457 | 2,233 | |
Sylvamo Corp. | 32,048 | 1,936 | |
* | Ingevity Corp. | 32,697 | 1,494 |
* | Constellium SE | 71,250 | 1,382 |
Hawkins Inc. | 17,287 | 1,214 | |
Orion SA | 49,358 | 1,112 | |
Kaiser Aluminum Corp. | 13,462 | 976 | |
UFP Industries Inc. | 8,209 | 941 | |
* | Energy Fuels Inc. | 120,623 | 764 |
Compass Minerals International Inc. | 30,675 | 699 | |
* | Novagold Resources Inc. | 214,859 | 533 |
* | Century Aluminum Co. | 46,725 | 489 |
* | Ivanhoe Electric Inc. | 56,456 | 418 |
Hecla Mining Co. | 114,360 | 405 | |
Omega Flex Inc. | 2,931 | 204 | |
Stepan Co. | 2,219 | 198 | |
* | Ecovyst Inc. | 17,828 | 172 |
GrafTech International Ltd. | 96,627 | 170 | |
* | Perpetua Resources Corp. | 33,881 | 98 |
* | Piedmont Lithium Inc. | 5,516 | 80 |
* | Dakota Gold Corp. | 33,216 | 70 |
* | LanzaTech Global Inc. | 17,952 | 58 |
* | Contango ORE Inc. | 3,313 | 56 |
* | 5e Advanced Materials Inc. | 30,680 | 55 |
Ryerson Holding Corp. | 1,661 | 52 | |
American Vanguard Corp. | 4,160 | 45 | |
* | i-80 Gold Corp. | 11,147 | 14 |
* | NioCorp Developments Ltd. | 1,988 | 5 |
39,502 | |||
Consumer Discretionary (12.7%) | |||
* | e.l.f. Beauty Inc. | 48,220 | 10,055 |
* | Duolingo Inc. | 26,128 | 6,245 |
Academy Sports & Outdoors Inc. | 64,632 | 4,829 | |
* | Light & Wonder Inc. | 38,272 | 3,847 |
* | Shake Shack Inc. Class A | 33,748 | 3,588 |
* | Hilton Grand Vacations Inc. | 71,836 | 3,224 |
Kontoor Brands Inc. | 50,216 | 2,968 |
Shares | Market Value• ($000) | ||
* | Cavco Industries Inc. | 7,818 | 2,913 |
* | Abercrombie & Fitch Co. Class A | 22,589 | 2,886 |
Steven Madden Ltd. | 67,266 | 2,880 | |
* | Carvana Co. | 37,719 | 2,864 |
* | Visteon Corp. | 24,655 | 2,789 |
International Game Technology plc | 97,041 | 2,637 | |
* | Boot Barn Holdings Inc. | 26,591 | 2,460 |
Inter Parfums Inc. | 16,406 | 2,407 | |
* | frontdoor Inc. | 72,477 | 2,273 |
* | Stride Inc. | 37,890 | 2,264 |
* | Skyline Champion Corp. | 26,769 | 2,243 |
* | Dorman Products Inc. | 23,535 | 2,217 |
* | Sonos Inc. | 113,527 | 2,152 |
Bloomin' Brands Inc. | 78,323 | 2,129 | |
* | ACV Auctions Inc. Class A | 113,652 | 2,017 |
* | Dave & Buster's Entertainment Inc. | 32,331 | 1,996 |
* | Fox Factory Holding Corp. | 38,130 | 1,929 |
* | Coursera Inc. | 116,329 | 1,869 |
Acushnet Holdings Corp. | 27,572 | 1,776 | |
* | Gentherm Inc. | 29,325 | 1,667 |
* | Brinker International Inc. | 35,956 | 1,666 |
Papa John's International Inc. | 22,908 | 1,647 | |
* | SeaWorld Entertainment Inc. | 30,838 | 1,584 |
* | Atlanta Braves Holdings Inc. Class C | 40,451 | 1,582 |
Upbound Group Inc. | 46,229 | 1,561 | |
Cheesecake Factory Inc. | 43,404 | 1,536 | |
* | Cinemark Holdings Inc. | 81,876 | 1,425 |
PriceSmart Inc. | 15,844 | 1,333 | |
Red Rock Resorts Inc. Class A | 22,929 | 1,330 | |
Laureate Education Inc. | 98,891 | 1,326 | |
Jack in the Box Inc. | 18,078 | 1,320 | |
Cracker Barrel Old Country Store Inc. | 19,737 | 1,305 | |
* | Six Flags Entertainment Corp. | 51,220 | 1,298 |
Dillard's Inc. Class A | 3,107 | 1,289 | |
* | Madison Square Garden Entertainment Corp. | 30,367 | 1,169 |
* | Sally Beauty Holdings Inc. | 90,395 | 1,142 |
* | Hanesbrands Inc. | 209,774 | 1,133 |
Buckle Inc. | 27,302 | 1,118 | |
* | Cars.com Inc. | 59,429 | 1,090 |
* | XPEL Inc. | 20,167 | 1,060 |
Shares | Market Value• ($000) | ||
LCI Industries | 8,330 | 1,049 | |
* | PowerSchool Holdings Inc. Class A | 50,058 | 1,046 |
Oxford Industries Inc. | 10,094 | 1,023 | |
Camping World Holdings Inc. Class A | 37,248 | 994 | |
* | OneSpaWorld Holdings Ltd. | 74,357 | 970 |
* | Sweetgreen Inc. Class A | 69,537 | 886 |
* | Udemy Inc. | 78,347 | 885 |
American Eagle Outfitters Inc. | 36,770 | 873 | |
Monarch Casino & Resort Inc. | 12,023 | 846 | |
* | Revolve Group Inc. | 36,655 | 804 |
* | Urban Outfitters Inc. | 19,160 | 796 |
* | Chegg Inc. | 87,575 | 783 |
Hibbett Inc. | 9,112 | 747 | |
* | Arlo Technologies Inc. | 70,939 | 738 |
* | Lions Gate Entertainment Corp. Class B | 79,626 | 723 |
* | QuinStreet Inc. | 47,144 | 690 |
* | IMAX Corp. | 40,139 | 688 |
* | Viad Corp. | 18,189 | 677 |
Golden Entertainment Inc. | 18,129 | 672 | |
* | Vizio Holding Corp. Class A | 60,712 | 668 |
Wolverine World Wide Inc. | 62,706 | 638 | |
Sturm Ruger & Co. Inc. | 14,438 | 625 | |
Dine Brands Global Inc. | 12,416 | 602 | |
* | Portillo's Inc. Class A | 40,509 | 589 |
*,1 | Luminar Technologies Inc. | 243,816 | 583 |
* | Everi Holdings Inc. | 47,211 | 560 |
* | Accel Entertainment Inc. | 47,524 | 538 |
* | Figs Inc. Class A | 100,973 | 528 |
* | Kura Sushi USA Inc. Class A | 5,231 | 497 |
* | Malibu Boats Inc. Class A | 11,169 | 487 |
Arko Corp. | 72,578 | 474 | |
* | BJ's Restaurants Inc. | 12,846 | 450 |
* | Integral Ad Science Holding Corp. | 43,479 | 450 |
* | Chuy's Holdings Inc. | 13,204 | 447 |
* | Green Brick Partners Inc. | 7,641 | 447 |
RCI Hospitality Holdings Inc. | 7,851 | 442 | |
* | Corsair Gaming Inc. | 32,902 | 426 |
* | Super Group SGHC Ltd. | 122,612 | 405 |
* | European Wax Center Inc. Class A | 28,440 | 403 |
Global Industrial Co. | 9,173 | 402 | |
* | Instructure Holdings Inc. | 17,373 | 398 |
* | Atlanta Braves Holdings Inc. Class A | 9,176 | 385 |
* | Dream Finders Homes Inc. Class A | 8,775 | 343 |
* | Rush Street Interactive Inc. | 57,251 | 335 |
* | MasterCraft Boat Holdings Inc. | 15,011 | 329 |
* | Denny's Corp. | 35,380 | 327 |
* | Potbelly Corp. | 23,290 | 323 |
Krispy Kreme Inc. | 24,992 | 323 | |
* | PlayAGS Inc. | 33,045 | 307 |
Carriage Services Inc. | 11,922 | 296 | |
* | Lovesac Co. | 12,595 | 290 |
* | Lions Gate Entertainment Corp. Class A | 29,353 | 285 |
* | Sun Country Airlines Holdings Inc. | 18,669 | 280 |
* | iRobot Corp. | 22,083 | 252 |
* | Frontier Group Holdings Inc. | 34,766 | 241 |
Shares | Market Value• ($000) | ||
Alta Equipment Group Inc. | 20,546 | 236 | |
* | PROG Holdings Inc. | 7,608 | 235 |
* | Savers Value Village Inc. | 11,543 | 234 |
Build-A-Bear Workshop Inc. | 9,088 | 218 | |
* | Liquidity Services Inc. | 11,977 | 215 |
Climb Global Solutions Inc. | 3,085 | 210 | |
Entravision Communications Corp. Class A | 53,825 | 207 | |
Cricut Inc. Class A | 42,859 | 207 | |
* | First Watch Restaurant Group Inc. | 8,143 | 204 |
Matthews International Corp. Class A | 7,009 | 203 | |
* | Sabre Corp. | 74,021 | 196 |
* | Xponential Fitness Inc. Class A | 19,174 | 193 |
* | Inspired Entertainment Inc. | 19,125 | 189 |
HNI Corp. | 3,903 | 175 | |
* | Life Time Group Holdings Inc. | 12,340 | 170 |
* | Sleep Number Corp. | 10,018 | 166 |
* | LGI Homes Inc. | 1,415 | 161 |
* | Bally's Corp. | 14,353 | 161 |
* | Nerdy Inc. | 55,601 | 161 |
*,1 | Livewire Group Inc. | 17,171 | 161 |
1 | Bowlero Corp. Class A | 12,836 | 160 |
Nathan's Famous Inc. | 2,243 | 158 | |
* | Funko Inc. Class A | 21,787 | 153 |
*,1 | Fisker Inc. | 186,924 | 136 |
* | Full House Resorts Inc. | 25,430 | 130 |
* | Gambling.com Group Ltd. | 13,658 | 125 |
* | CarParts.com Inc. | 48,333 | 123 |
* | Stitch Fix Inc. Class A | 36,779 | 119 |
* | National Vision Holdings Inc. | 4,878 | 114 |
Townsquare Media Inc. Class A | 10,668 | 114 | |
* | Leslie's Inc. | 13,630 | 108 |
* | Red Robin Gourmet Burgers Inc. | 14,267 | 107 |
Allegiant Travel Co. | 1,409 | 103 | |
* | EW Scripps Co. Class A | 24,972 | 101 |
* | Noodles & Co. | 36,608 | 92 |
Marine Products Corp. | 7,682 | 88 | |
* | Blink Charging Co. | 26,501 | 84 |
*,1 | Mondee Holdings Inc. | 35,564 | 80 |
* | Stoneridge Inc. | 4,467 | 78 |
* | Universal Technical Institute Inc. | 5,208 | 78 |
* | ONE Group Hospitality Inc. | 19,292 | 75 |
Guess? Inc. | 2,933 | 74 | |
* | Daily Journal Corp. | 212 | 72 |
Sinclair Inc. | 4,647 | 69 | |
* | Cooper-Standard Holdings Inc. | 4,701 | 66 |
* | Century Casinos Inc. | 21,510 | 63 |
*,1 | Torrid Holdings Inc. | 11,070 | 56 |
* | Solo Brands Inc. Class A | 12,671 | 34 |
Gray Television Inc. | 4,887 | 29 | |
* | Envela Corp. | 6,778 | 29 |
* | Lindblad Expeditions Holdings Inc. | 2,868 | 27 |
* | ThredUP Inc. Class A | 11,810 | 24 |
* | Boston Omaha Corp. Class A | 1,384 | 23 |
* | SES AI Corp. | 10,121 | 18 |
* | Loop Media Inc. | 32,587 | 16 |
Rocky Brands Inc. | 517 | 13 |
Shares | Market Value• ($000) | ||
Clarus Corp. | 2,012 | 12 | |
* | Smith Douglas Homes Corp. | 416 | 12 |
Escalade Inc. | 562 | 8 | |
* | Qurate Retail Inc. Class B | 883 | 5 |
* | Duluth Holdings Inc. Class B | 735 | 4 |
* | 2U Inc. | 3,785 | 2 |
* | Rent the Runway Inc. Class A | 3,034 | 1 |
146,188 | |||
Consumer Staples (3.5%) | |||
* | Sprouts Farmers Market Inc. | 91,038 | 5,684 |
Lancaster Colony Corp. | 17,454 | 3,612 | |
Coca-Cola Consolidated Inc. | 4,265 | 3,586 | |
WD-40 Co. | 12,130 | 3,256 | |
* | Simply Good Foods Co. | 81,102 | 2,878 |
Cal-Maine Foods Inc. | 34,359 | 1,975 | |
J & J Snack Foods Corp. | 13,451 | 1,952 | |
Energizer Holdings Inc. | 64,054 | 1,829 | |
* | BellRing Brands Inc. | 31,472 | 1,792 |
MGP Ingredients Inc. | 14,187 | 1,208 | |
* | Chefs' Warehouse Inc. | 31,357 | 1,192 |
Utz Brands Inc. | 64,422 | 1,140 | |
* | Sovos Brands Inc. | 49,448 | 1,127 |
* | National Beverage Corp. | 21,161 | 1,114 |
John B Sanfilippo & Son Inc. | 8,022 | 821 | |
* | Vita Coco Co. Inc. | 25,536 | 667 |
* | Herbalife Ltd. | 64,550 | 570 |
*,1 | Beyond Meat Inc. | 52,861 | 565 |
* | SunOpta Inc. | 79,391 | 558 |
* | Vital Farms Inc. | 27,389 | 492 |
* | USANA Health Sciences Inc. | 10,141 | 489 |
Calavo Growers Inc. | 15,526 | 448 | |
Dole plc | 36,041 | 426 | |
Turning Point Brands Inc. | 15,270 | 386 | |
Medifast Inc. | 9,615 | 385 | |
Primo Water Corp. | 19,420 | 315 | |
*,1 | Westrock Coffee Co. | 25,281 | 256 |
Vector Group Ltd. | 22,479 | 251 | |
* | Beauty Health Co. | 72,823 | 243 |
* | TreeHouse Foods Inc. | 5,542 | 198 |
* | Brookfield Realty Capital Corp. Class A | 32,621 | 135 |
Oil-Dri Corp. of America | 1,142 | 81 | |
* | Duckhorn Portfolio Inc. | 7,597 | 72 |
* | Mission Produce Inc. | 6,108 | 64 |
* | Zevia PBC Class A | 12,757 | 19 |
J M Smucker Co. | 1 | — | |
39,786 | |||
Energy (5.1%) | |||
* | Weatherford International plc | 63,628 | 6,529 |
* | NEXTracker Inc. Class A | 112,443 | 6,324 |
ChampionX Corp. | 174,993 | 5,435 | |
Noble Corp. plc | 83,434 | 3,488 | |
Magnolia Oil & Gas Corp. Class A | 150,199 | 3,407 | |
* | Valaris Ltd. | 53,998 | 3,405 |
* | Tidewater Inc. | 41,494 | 2,906 |
Cactus Inc. Class A | 57,781 | 2,652 | |
* | Kosmos Energy Ltd. | 408,114 | 2,506 |
Northern Oil & Gas Inc. | 69,337 | 2,477 |
Shares | Market Value• ($000) | ||
* | Shoals Technologies Group Inc. Class A | 153,253 | 1,966 |
* | Array Technologies Inc. | 135,367 | 1,846 |
* | Oceaneering International Inc. | 89,841 | 1,775 |
Equitrans Midstream Corp. | 113,239 | 1,211 | |
Borr Drilling Ltd. | 196,478 | 1,183 | |
Matador Resources Co. | 17,887 | 1,130 | |
CVR Energy Inc. | 24,210 | 803 | |
* | Fluence Energy Inc. | 52,251 | 799 |
Sitio Royalties Corp. Class A | 32,309 | 737 | |
* | Par Pacific Holdings Inc. | 18,950 | 684 |
Permian resources Corp. | 42,195 | 657 | |
* | Ameresco Inc. Class A | 28,649 | 600 |
* | Nabors Industries Ltd. (XNYS) | 7,384 | 579 |
* | Expro Group Holdings NV | 30,098 | 538 |
* | TETRA Technologies Inc. | 111,617 | 435 |
Archrock Inc. | 22,292 | 407 | |
* | Montauk Renewables Inc. | 59,403 | 337 |
* | NextDecade Corp. | 69,722 | 320 |
Crescent Energy Co. Class A | 27,009 | 302 | |
* | MRC Global Inc. | 25,556 | 295 |
Alpha Metallurgical Resources Inc. | 712 | 269 | |
W&T Offshore Inc. | 87,402 | 264 | |
* | SunPower Corp. | 77,664 | 242 |
Patterson-UTI Energy Inc. | 18,303 | 212 | |
Core Laboratories Inc. | 13,353 | 200 | |
* | Green Plains Inc. | 9,055 | 193 |
Liberty Energy Inc. | 8,703 | 186 | |
Riley Exploration Permian Inc. | 7,844 | 186 | |
Evolution Petroleum Corp. | 27,982 | 164 | |
* | REX American Resources Corp. | 3,528 | 155 |
1 | HighPeak Energy Inc. | 8,842 | 147 |
Golar LNG Ltd. | 5,766 | 117 | |
Kodiak Gas Services Inc. | 4,511 | 115 | |
* | TPI Composites Inc. | 37,036 | 103 |
* | DMC Global Inc. | 5,259 | 88 |
* | Maxeon Solar Technologies Ltd. | 17,719 | 71 |
* | Empire Petroleum Corp. | 11,274 | 67 |
Kinetik Holdings Inc. | 1,662 | 59 | |
* | SilverBow Resources Inc. | 2,014 | 57 |
Atlas Energy Solutions Inc. | 2,827 | 53 | |
VAALCO Energy Inc. | 10,569 | 47 | |
* | ProFrac Holding Corp. Class A | 5,463 | 45 |
* | EVgo Inc. | 13,274 | 39 |
* | FTC Solar Inc. | 57,161 | 29 |
* | Tellurian Inc. | 27,580 | 22 |
Solaris Oilfield Infrastructure Inc. Class A | 2,143 | 18 | |
* | Enviva Inc. | 28,352 | 11 |
* | KLX Energy Services Holdings Inc. | 1,199 | 10 |
58,902 | |||
Financials (5.1%) | |||
Selective Insurance Group Inc. | 53,799 | 5,621 | |
* | Marathon Digital Holdings Inc. | 190,231 | 4,927 |
FirstCash Holdings Inc. | 33,660 | 3,854 |
Shares | Market Value• ($000) | ||
First Financial Bankshares Inc. | 116,555 | 3,606 | |
Piper Sandler Cos. | 12,814 | 2,412 | |
PJT Partners Inc. Class A | 21,206 | 2,235 | |
Hamilton Lane Inc. Class A | 19,304 | 2,217 | |
* | Bancorp Inc. | 46,535 | 2,077 |
Moelis & Co. Class A | 35,104 | 1,897 | |
Artisan Partners Asset Management Inc. Class A | 39,697 | 1,710 | |
Cohen & Steers Inc. | 23,234 | 1,709 | |
*,1 | Upstart Holdings Inc. | 65,408 | 1,684 |
* | Riot Platforms Inc. | 118,627 | 1,675 |
StepStone Group Inc. Class A | 48,190 | 1,674 | |
* | Palomar Holdings Inc. | 21,794 | 1,659 |
* | BRP Group Inc. Class A | 53,818 | 1,497 |
* | Goosehead Insurance Inc. Class A | 19,273 | 1,458 |
BGC Group Inc. Class A | 152,838 | 1,062 | |
WisdomTree Inc. | 123,493 | 995 | |
Stock Yards Bancorp Inc. | 21,220 | 972 | |
ServisFirst Bancshares Inc. | 15,340 | 969 | |
*,1 | Trupanion Inc. | 35,305 | 944 |
Victory Capital Holdings Inc. Class A | 21,597 | 830 | |
Patria Investments Ltd. Class A | 48,649 | 725 | |
* | Assetmark Financial Holdings Inc. | 19,621 | 694 |
* | Open Lending Corp. Class A | 81,876 | 594 |
HCI Group Inc. | 5,734 | 560 | |
Brookfield Business Corp. Class A | 23,232 | 531 | |
Perella Weinberg Partners | 37,462 | 512 | |
AMERISAFE Inc. | 8,769 | 463 | |
Pathward Financial Inc. | 7,817 | 397 | |
* | Coastal Financial Corp. | 9,704 | 373 |
P10 Inc. Class A | 39,230 | 364 | |
Diamond Hill Investment Group Inc. | 2,443 | 353 | |
1 | B Riley Financial Inc. | 18,284 | 335 |
Westamerica BanCorp | 7,004 | 320 | |
* | Axos Financial Inc. | 5,897 | 307 |
GCM Grosvenor Inc. Class A | 33,030 | 280 | |
Esquire Financial Holdings Inc. | 5,432 | 276 | |
Brightsphere Investment Group Inc. | 11,278 | 256 | |
Federal Agricultural Mortgage Corp. Class C | 1,346 | 241 | |
BancFirst Corp. | 2,710 | 238 | |
First BanCorp (XNYS) | 13,484 | 229 | |
* | Skyward Specialty Insurance Group Inc. | 6,009 | 220 |
Virtus Investment Partners Inc. | 793 | 184 | |
* | Columbia Financial Inc. | 10,794 | 181 |
* | StoneX Group Inc. | 2,607 | 181 |
* | NMI Holdings Inc. Class A | 5,854 | 176 |
* | Oscar Health Inc. Class A | 10,729 | 174 |
Crawford & Co. Class A | 12,942 | 152 | |
Silvercrest Asset Management Group Inc. Class A | 8,429 | 141 | |
PennyMac Financial Services Inc. | 1,462 | 124 | |
* | Lemonade Inc. | 7,625 | 124 |
Shares | Market Value• ($000) | ||
NBT Bancorp Inc. | 3,583 | 123 | |
* | AlTi Global Inc. | 20,401 | 120 |
Capital City Bank Group Inc. | 4,079 | 116 | |
Five Star Bancorp | 4,849 | 115 | |
City Holding Co. | 1,101 | 111 | |
Tiptree Inc. | 5,864 | 103 | |
Universal Insurance Holdings Inc. | 4,738 | 96 | |
Bank of NT Butterfield & Son Ltd. | 3,109 | 93 | |
Greene County Bancorp Inc. | 3,266 | 93 | |
Lakeland Financial Corp. | 1,443 | 92 | |
* | LendingTree Inc. | 2,252 | 89 |
* | Kingsway Financial Services Inc. | 9,487 | 84 |
HomeTrust Bancshares Inc. | 2,862 | 75 | |
* | SiriusPoint Ltd. | 6,043 | 74 |
* | eHealth Inc. | 8,516 | 56 |
Stellar Bancorp Inc. | 2,222 | 53 | |
* | Fidelis Insurance Holdings Ltd. | 3,334 | 50 |
FS Bancorp Inc. | 1,158 | 39 | |
F&G Annuities & Life Inc. | 945 | 36 | |
Value Line Inc. | 729 | 31 | |
Citizens Financial Services Inc. | 642 | 30 | |
* | Metropolitan Bank Holding Corp. | 746 | 29 |
Investors Title Co. | 183 | 28 | |
* | World Acceptance Corp. | 235 | 28 |
Burke & Herbert Financial Services Corp. | 435 | 24 | |
Regional Management Corp. | 943 | 22 | |
Plumas Bancorp | 638 | 22 | |
BayCom Corp. | 906 | 18 | |
MVB Financial Corp. | 712 | 15 | |
* | Third Coast Bancshares Inc. | 772 | 15 |
Bank7 Corp. | 178 | 5 | |
* | OppFi Inc. | 711 | 3 |
59,277 | |||
Health Care (21.8%) | |||
* | Vaxcyte Inc. | 93,541 | 6,905 |
* | Viking Therapeutics Inc. | 85,884 | 6,617 |
* | HealthEquity Inc. | 75,090 | 6,203 |
Ensign Group Inc. | 48,712 | 6,085 | |
* | Intra-Cellular Therapies Inc. | 83,675 | 5,817 |
* | Cytokinetics Inc. | 76,849 | 5,552 |
* | Blueprint Medicines Corp. | 54,306 | 5,079 |
* | Option Care Health Inc. | 149,745 | 4,832 |
* | Halozyme Therapeutics Inc. | 115,969 | 4,617 |
* | Alkermes plc | 148,166 | 4,399 |
* | Lantheus Holdings Inc. | 60,780 | 3,974 |
* | Merit Medical Systems Inc. | 50,799 | 3,871 |
* | Glaukos Corp. | 42,369 | 3,753 |
* | Insmed Inc. | 123,452 | 3,422 |
* | Evolent Health Inc. Class A | 98,379 | 3,336 |
* | Arrowhead Pharmaceuticals Inc. | 103,713 | 3,329 |
* | Haemonetics Corp. | 44,806 | 3,270 |
* | Amicus Therapeutics Inc. | 253,800 | 3,254 |
* | Cymabay Therapeutics Inc. | 101,086 | 3,254 |
* | iRhythm Technologies Inc. | 27,413 | 3,253 |
* | Madrigal Pharmaceuticals Inc. | 13,215 | 3,121 |
* | Krystal Biotech Inc. | 19,302 | 3,078 |
Shares | Market Value• ($000) | ||
* | Axonics Inc. | 44,432 | 3,019 |
* | SpringWorks Therapeutics Inc. | 59,930 | 2,952 |
* | REVOLUTION Medicines Inc. | 95,189 | 2,806 |
* | Progyny Inc. | 70,967 | 2,592 |
* | Axsome Therapeutics Inc. | 31,839 | 2,591 |
* | Cerevel Therapeutics Holdings Inc. | 62,429 | 2,560 |
Select Medical Holdings Corp. | 92,868 | 2,529 | |
* | ACADIA Pharmaceuticals Inc. | 108,210 | 2,515 |
* | Bridgebio Pharma Inc. | 71,179 | 2,431 |
* | TransMedics Group Inc. | 28,341 | 2,313 |
* | Beam Therapeutics Inc. | 58,567 | 2,313 |
* | Arcellx Inc. | 34,252 | 2,254 |
* | Privia Health Group Inc. | 100,619 | 2,246 |
CONMED Corp. | 27,396 | 2,200 | |
* | TG Therapeutics Inc. | 123,835 | 2,132 |
* | Denali Therapeutics Inc. | 105,543 | 2,088 |
* | Inari Medical Inc. | 44,442 | 2,050 |
* | RadNet Inc. | 53,792 | 2,037 |
* | Nuvalent Inc. Class A | 23,751 | 1,998 |
* | Rhythm Pharmaceuticals Inc. | 45,904 | 1,993 |
* | Vericel Corp. | 42,555 | 1,944 |
* | Guardant Health Inc. | 100,905 | 1,917 |
* | Arvinas Inc. | 41,576 | 1,912 |
* | Surgery Partners Inc. | 61,330 | 1,903 |
* | CorVel Corp. | 7,795 | 1,902 |
* | PROCEPT BioRobotics Corp. | 36,068 | 1,744 |
* | Apollo Medical Holdings Inc. | 38,287 | 1,724 |
* | Immunovant Inc. | 48,181 | 1,704 |
* | Corcept Therapeutics Inc. | 71,676 | 1,684 |
* | Amphastar Pharmaceuticals Inc. | 34,393 | 1,602 |
* | Ideaya Biosciences Inc. | 34,611 | 1,547 |
* | Inmode Ltd. | 69,193 | 1,522 |
* | PTC Therapeutics Inc. | 51,812 | 1,461 |
* | Rocket Pharmaceuticals Inc. | 49,591 | 1,453 |
* | Kymera Therapeutics Inc. | 33,947 | 1,450 |
* | Catalyst Pharmaceuticals Inc. | 89,727 | 1,438 |
* | Hims & Hers Health Inc. | 108,945 | 1,421 |
US Physical Therapy Inc. | 13,299 | 1,413 | |
* | RxSight Inc. | 25,401 | 1,386 |
* | Keros Therapeutics Inc. | 20,111 | 1,357 |
* | STAAR Surgical Co. | 43,320 | 1,353 |
* | UFP Technologies Inc. | 6,335 | 1,320 |
* | Supernus Pharmaceuticals Inc. | 43,930 | 1,305 |
* | Ardelyx Inc. | 134,832 | 1,257 |
* | Dynavax Technologies Corp. | 97,310 | 1,233 |
* | Akero Therapeutics Inc. | 45,688 | 1,233 |
LeMaitre Vascular Inc. | 17,607 | 1,232 | |
* | Pacira BioSciences Inc. | 40,702 | 1,210 |
* | Phreesia Inc. | 47,401 | 1,173 |
* | Syndax Pharmaceuticals Inc. | 49,759 | 1,166 |
* | Collegium Pharmaceutical Inc. | 31,014 | 1,139 |
* | Morphic Holding Inc. | 29,053 | 1,073 |
* | AtriCure Inc. | 29,912 | 1,046 |
* | Prothena Corp. plc | 37,697 | 1,040 |
Shares | Market Value• ($000) | ||
* | Protagonist Therapeutics Inc. | 32,024 | 973 |
* | Warby Parker Inc. Class A | 75,855 | 964 |
* | Sage Therapeutics Inc. | 44,301 | 952 |
* | Harmony Biosciences Holdings Inc. | 28,851 | 926 |
* | Amylyx Pharmaceuticals Inc. | 45,397 | 856 |
* | Day One Biopharmaceuticals Inc. | 51,125 | 855 |
* | Cytek Biosciences Inc. | 108,509 | 836 |
*,1 | Cassava Sciences Inc. | 35,440 | 814 |
* | Pliant Therapeutics Inc. | 50,862 | 807 |
* | Healthcare Services Group Inc. | 63,087 | 805 |
* | MannKind Corp. | 189,874 | 780 |
* | Zentalis Pharmaceuticals Inc. | 52,191 | 778 |
* | Inhibrx Inc. | 20,265 | 742 |
* | Arcutis Biotherapeutics Inc. | 70,495 | 725 |
* | BioCryst Pharmaceuticals Inc. | 127,924 | 720 |
* | Ocular Therapeutix Inc. | 70,924 | 713 |
* | Geron Corp. (XNGS) | 346,371 | 693 |
* | Aurinia Pharmaceuticals Inc. | 120,744 | 691 |
* | Vera Therapeutics Inc. | 14,619 | 688 |
* | Pacific Biosciences of California Inc. | 123,498 | 683 |
* | ANI Pharmaceuticals Inc. | 9,895 | 670 |
* | 89bio Inc. | 57,412 | 659 |
* | Xencor Inc. | 28,110 | 645 |
* | Mirum Pharmaceuticals Inc. | 22,105 | 635 |
* | Cabaletta Bio Inc. | 27,336 | 625 |
* | Silk Road Medical Inc. | 34,362 | 618 |
* | SI-BONE Inc. | 35,559 | 617 |
* | Addus HomeCare Corp. | 6,604 | 609 |
* | Accolade Inc. | 57,094 | 585 |
* | Viridian Therapeutics Inc. | 29,879 | 559 |
* | Revance Therapeutics Inc. | 77,592 | 554 |
* | Evolus Inc. | 36,957 | 548 |
* | Alpine Immune Sciences Inc. | 15,455 | 544 |
* | Treace Medical Concepts Inc. | 40,488 | 544 |
* | ADMA Biologics Inc. | 101,305 | 543 |
* | Omnicell Inc. | 19,931 | 523 |
National Research Corp. | 12,804 | 516 | |
* | Celldex Therapeutics Inc. | 10,710 | 515 |
* | Disc Medicine Inc. | 7,435 | 511 |
* | Paragon 28 Inc. | 39,109 | 488 |
* | BioLife Solutions Inc. | 28,432 | 480 |
* | Pennant Group Inc. | 25,586 | 477 |
* | Ironwood Pharmaceuticals Inc. | 50,110 | 473 |
*,1 | Summit Therapeutics Inc. (XNMS) | 103,368 | 469 |
*,1 | ImmunityBio Inc. | 97,266 | 460 |
* | Alignment Healthcare Inc. | 75,983 | 456 |
* | AdaptHealth Corp. | 44,503 | 455 |
* | Alphatec Holdings Inc. | 33,786 | 454 |
* | Travere Therapeutics Inc. | 60,039 | 454 |
Patterson Cos. Inc. | 16,648 | 451 | |
Atrion Corp. | 1,221 | 449 | |
* | LifeStance Health Group Inc. | 51,875 | 433 |
* | Marinus Pharmaceuticals Inc. | 45,322 | 431 |
* | Avid Bioservices Inc. | 55,682 | 428 |
Shares | Market Value• ($000) | ||
* | Liquidia Corp. | 29,993 | 425 |
* | Avita Medical Inc. | 22,428 | 407 |
* | Crinetics Pharmaceuticals Inc. | 9,671 | 396 |
* | Alector Inc. | 56,699 | 395 |
* | Surmodics Inc. | 12,263 | 391 |
* | Axogen Inc. | 36,396 | 384 |
* | PetIQ Inc. | 20,246 | 369 |
* | Astria Therapeutics Inc. | 25,776 | 367 |
* | Intellia Therapeutics Inc. | 11,401 | 366 |
* | Xeris Biopharma Holdings Inc. | 118,639 | 365 |
* | UroGen Pharma Ltd. | 19,868 | 364 |
* | EyePoint Pharmaceuticals Inc. | 12,974 | 353 |
* | AnaptysBio Inc. | 13,621 | 348 |
* | Cerus Corp. | 158,522 | 346 |
*,1 | Novavax Inc. | 69,650 | 344 |
* | OrthoPediatrics Corp. | 12,446 | 342 |
* | Mersana Therapeutics Inc. | 60,913 | 331 |
*,1 | Anavex Life Sciences Corp. | 64,070 | 329 |
* | ModivCare Inc. | 11,314 | 317 |
* | Tactile Systems Technology Inc. | 20,734 | 316 |
* | Dyne Therapeutics Inc. | 11,612 | 312 |
*,1 | Biomea Fusion Inc. | 17,682 | 309 |
* | Adaptive Biotechnologies Corp. | 74,689 | 307 |
* | Prime Medicine Inc. | 35,174 | 304 |
* | Pulmonx Corp. | 32,841 | 303 |
* | Ventyx Biosciences Inc. | 42,370 | 300 |
* | Harrow Inc. | 27,215 | 295 |
* | MacroGenics Inc. | 16,465 | 295 |
* | Apogee Therapeutics Inc. | 8,394 | 292 |
* | DocGo Inc. | 69,757 | 284 |
* | Cogent Biosciences Inc. | 40,236 | 282 |
* | Deciphera Pharmaceuticals Inc. | 16,605 | 277 |
* | Arcus Biosciences Inc. | 14,435 | 276 |
iRadimed Corp. | 6,517 | 274 | |
* | Viemed Healthcare Inc. | 30,484 | 258 |
* | Y-mAbs Therapeutics Inc. | 15,361 | 257 |
HealthStream Inc. | 8,728 | 238 | |
* | Voyager Therapeutics Inc. | 28,199 | 235 |
* | Heron Therapeutics Inc. | 87,618 | 233 |
* | OptimizeRx Corp. | 14,580 | 231 |
* | Agiliti Inc. | 23,407 | 231 |
* | Health Catalyst Inc. | 27,449 | 228 |
* | Aerovate Therapeutics Inc. | 9,852 | 227 |
*,1 | Zynex Inc. | 16,273 | 221 |
SIGA Technologies Inc. | 41,279 | 215 | |
* | Humacyte Inc. | 47,316 | 206 |
* | Accuray Inc. | 78,846 | 205 |
Utah Medical Products Inc. | 2,867 | 201 | |
* | Actinium Pharmaceuticals Inc. | 22,994 | 196 |
* | Arbutus Biopharma Corp. | 69,157 | 194 |
* | Semler Scientific Inc. | 4,111 | 194 |
* | Rigel Pharmaceuticals Inc. | 123,365 | 187 |
* | Terns Pharmaceuticals Inc. | 25,067 | 183 |
* | Ligand Pharmaceuticals Inc. | 2,241 | 178 |
* | CVRx Inc. | 8,690 | 171 |
* | Rapt Therapeutics Inc. | 19,868 | 170 |
* | LivaNova plc | 3,081 | 169 |
* | Coherus Biosciences Inc. | 71,677 | 163 |
* | CorMedix Inc. | 46,179 | 163 |
* | PDS Biotechnology Corp. | 24,401 | 161 |
Shares | Market Value• ($000) | ||
* | Nevro Corp. | 10,782 | 157 |
* | Harvard Bioscience Inc. | 36,087 | 156 |
* | NeoGenomics Inc. | 10,022 | 156 |
* | Castle Biosciences Inc. | 8,560 | 155 |
* | scPharmaceuticals Inc. | 25,505 | 154 |
* | Quipt Home Medical Corp. | 35,927 | 154 |
* | InfuSystem Holdings Inc. | 16,193 | 150 |
* | Aldeyra Therapeutics Inc. | 40,689 | 147 |
* | Merrimack Pharmaceuticals Inc. | 9,544 | 140 |
* | Outset Medical Inc. | 44,090 | 139 |
* | Foghorn Therapeutics Inc. | 17,836 | 138 |
* | Sanara Medtech Inc. | 3,452 | 131 |
* | MeiraGTx Holdings plc | 21,095 | 130 |
* | Joint Corp. | 12,984 | 128 |
* | Lineage Cell Therapeutics Inc. | 120,522 | 125 |
* | ClearPoint Neuro Inc. | 19,624 | 125 |
* | Akoya Biosciences Inc. | 21,308 | 122 |
* | Karyopharm Therapeutics Inc. | 101,741 | 118 |
* | Quanterix Corp. | 4,918 | 118 |
* | Optinose Inc. | 64,961 | 116 |
* | Acelyrin Inc. | 13,567 | 115 |
* | Longboard Pharmaceuticals Inc. | 4,792 | 106 |
*,1 | Neumora Therapeutics Inc. | 6,026 | 106 |
* | Artivion Inc. | 5,328 | 103 |
*,1 | Omeros Corp. | 22,151 | 100 |
* | HilleVax Inc. | 5,480 | 99 |
*,1 | Verrica Pharmaceuticals Inc. | 18,623 | 98 |
* | Tela Bio Inc. | 14,145 | 96 |
* | Immuneering Corp. Class A | 15,038 | 93 |
*,1 | Lexicon Pharmaceuticals Inc. | 37,103 | 92 |
* | Omega Therapeutics Inc. | 21,859 | 90 |
* | Tyra Biosciences Inc. | 4,482 | 90 |
* | 4D Molecular Therapeutics Inc. | 2,982 | 84 |
* | Innovage Holding Corp. | 17,299 | 84 |
* | Orchestra BioMed Holdings Inc. | 12,754 | 82 |
* | Mural Oncology plc | 15,078 | 80 |
Embecta Corp. | 5,513 | 79 | |
* | Innoviva Inc. | 4,957 | 76 |
* | Sight Sciences Inc. | 18,921 | 76 |
* | Phathom Pharmaceuticals Inc. | 7,027 | 75 |
* | Aclaris Therapeutics Inc. | 62,029 | 74 |
* | Mineralys Therapeutics Inc. | 4,643 | 71 |
* | Arcturus Therapeutics Holdings Inc. | 1,813 | 70 |
Phibro Animal Health Corp. Class A | 5,223 | 68 | |
* | Seres Therapeutics Inc. | 59,401 | 68 |
* | Nuvectis Pharma Inc. | 6,772 | 67 |
* | KORU Medical Systems Inc. | 31,177 | 66 |
* | Cue Biopharma Inc. | 31,044 | 64 |
*,1 | AirSculpt Technologies Inc. | 10,119 | 64 |
* | Sana Biotechnology Inc. | 6,267 | 63 |
* | Outlook Therapeutics Inc. | 142,178 | 62 |
*,1 | Bioxcel Therapeutics Inc. | 18,404 | 59 |
* | Eyenovia Inc. | 25,577 | 55 |
* | X4 Pharmaceuticals Inc. | 55,201 | 54 |
*,1 | Nano-X Imaging Ltd. | 4,430 | 49 |
* | Janux Therapeutics Inc. | 967 | 47 |
*,1 | Beyond Air Inc. | 21,805 | 45 |
Shares | Market Value• ($000) | ||
* | Vir Biotechnology Inc. | 3,808 | 43 |
* | PepGen Inc. | 2,479 | 42 |
* | American Healthcare REIT Inc. | 2,970 | 41 |
* | ARS Pharmaceuticals Inc. | 4,782 | 40 |
* | Fennec Pharmaceuticals Inc. | 4,133 | 39 |
* | P3 Health Partners Inc. | 37,727 | 39 |
* | Codexis Inc. | 7,897 | 37 |
* | Pulse Biosciences Inc. | 3,686 | 36 |
* | Biote Corp. Class A | 5,750 | 34 |
Agenus Inc. | 47,485 | 32 | |
* | Enanta Pharmaceuticals Inc. | 2,213 | 32 |
* | Vaxxinity Inc. Class A | 38,010 | 32 |
* | Genelux Corp. | 4,272 | 31 |
* | Savara Inc. | 5,494 | 28 |
* | Cargo Therapeutics Inc. | 1,159 | 28 |
* | Organogenesis Holdings Inc. | 7,329 | 26 |
* | MaxCyte Inc. | 5,407 | 25 |
* | Aveanna Healthcare Holdings Inc. | 10,281 | 24 |
* | CG oncology Inc. | 491 | 22 |
Cartesian Therapeutics Inc. (XNMS) | 26,781 | 20 | |
* | Vicarious Surgical Inc. | 44,791 | 19 |
*,1,2 | Tobira Therapeutics Inc. CVR | 3,989 | 18 |
*,3 | Scilex Holding Co. (Acquired 1/6/23, Cost $90) | 8,622 | 18 |
* | BrightSpring Health Services Inc. | 1,971 | 18 |
* | ProKidney Corp. | 10,259 | 17 |
* | Compass Therapeutics Inc. | 8,214 | 15 |
* | Reneo Pharmaceuticals Inc. | 7,865 | 13 |
* | Sharecare Inc. | 14,019 | 13 |
* | Bright Green Corp. | 53,828 | 13 |
*,1 | BioVie Inc. | 10,646 | 13 |
* | Sagimet Biosciences Inc. Class A | 2,117 | 13 |
* | Turnstone Biologics Corp. | 2,551 | 12 |
* | Fractyl Health Inc. | 1,243 | 11 |
* | Citius Pharmaceuticals Inc. | 11,897 | 9 |
* | Kyverna Therapeutics Inc. | 338 | 9 |
* | Atara Biotherapeutics Inc. | 9,480 | 7 |
* | Metagenomi Inc. | 511 | 6 |
*,1 | Cutera Inc. | 1,845 | 4 |
* | ArriVent Biopharma Inc. | 202 | 4 |
*,1,2 | Synergy Pharmaceuticals LLC | 124,654 | — |
*,2 | Prevail Therapeutics CVR | 58 | — |
*,2 | OmniAb Inc. 12.5 Earnout | 532 | — |
*,2 | OmniAb Inc. 15 Earnout | 532 | — |
* | Cano Health Inc. | 1 | — |
250,975 | |||
Industrials (22.5%) | |||
Comfort Systems USA Inc. | 31,633 | 9,671 | |
Simpson Manufacturing Co. Inc. | 38,347 | 8,002 | |
Applied Industrial Technologies Inc. | 34,480 | 6,547 | |
Atkore Inc. | 33,854 | 5,735 | |
* | ATI Inc. | 115,277 | 5,669 |
AAON Inc. | 60,532 | 5,083 | |
Installed Building Products Inc. | 21,176 | 5,060 | |
FTAI Aviation Ltd. | 88,935 | 5,006 |
Shares | Market Value• ($000) | ||
Watts Water Technologies Inc. Class A | 24,441 | 4,985 | |
Maximus Inc. | 54,359 | 4,548 | |
* | ExlService Holdings Inc. | 144,487 | 4,496 |
* | API Group Corp. | 125,596 | 4,402 |
Federal Signal Corp. | 53,546 | 4,386 | |
* | Fluor Corp. | 118,670 | 4,367 |
Franklin Electric Co. Inc. | 41,270 | 4,290 | |
Badger Meter Inc. | 26,285 | 4,171 | |
Herc Holdings Inc. | 25,265 | 4,009 | |
* | SPX Technologies Inc. | 32,540 | 3,813 |
Exponent Inc. | 45,262 | 3,661 | |
* | TriNet Group Inc. | 28,603 | 3,661 |
Kadant Inc. | 10,445 | 3,523 | |
HB Fuller Co. | 43,135 | 3,431 | |
Brink's Co. | 41,238 | 3,416 | |
* | Chart Industries Inc. | 23,589 | 3,370 |
* | Dycom Industries Inc. | 25,614 | 3,240 |
* | CBIZ Inc. | 42,813 | 3,234 |
Insperity Inc. | 31,773 | 3,234 | |
CSW Industrials Inc. | 13,767 | 3,172 | |
EnerSys | 34,327 | 3,154 | |
Hillenbrand Inc. | 62,643 | 2,979 | |
* | AeroVironment Inc. | 23,246 | 2,947 |
John Bean Technologies Corp. | 28,465 | 2,889 | |
* | ACI Worldwide Inc. | 83,642 | 2,753 |
McGrath RentCorp. | 22,066 | 2,747 | |
* | StoneCo. Ltd. Class A | 157,851 | 2,717 |
* | Verra Mobility Corp. | 124,709 | 2,696 |
* | Flywire Corp. | 94,970 | 2,696 |
* | Modine Manufacturing Co. | 29,420 | 2,639 |
ICF International Inc. | 16,729 | 2,590 | |
* | Masonite International Corp. | 19,858 | 2,586 |
* | Sterling Infrastructure Inc. | 23,409 | 2,496 |
* | Remitly Global Inc. | 118,954 | 2,453 |
* | MYR Group Inc. | 14,691 | 2,387 |
Albany International Corp. Class A | 24,418 | 2,292 | |
Mueller Water Products Inc. Class A | 138,728 | 2,157 | |
* | PGT Innovations Inc. | 50,668 | 2,116 |
EVERTEC Inc. | 58,383 | 2,109 | |
Belden Inc. | 23,518 | 2,003 | |
* | O-I Glass Inc. | 118,333 | 2,002 |
Terex Corp. | 34,437 | 1,975 | |
* | RXO Inc. | 90,052 | 1,938 |
* | AMN Healthcare Services Inc. | 34,049 | 1,916 |
* | OSI Systems Inc. | 14,383 | 1,887 |
Alamo Group Inc. | 9,017 | 1,824 | |
Otter Tail Corp. | 19,579 | 1,771 | |
* | Construction Partners Inc. Class A | 35,933 | 1,728 |
* | Huron Consulting Group Inc. | 17,007 | 1,669 |
Enerpac Tool Group Corp. | 48,832 | 1,646 | |
* | AvidXchange Holdings Inc. | 122,243 | 1,625 |
H&E Equipment Services Inc. | 28,757 | 1,624 | |
Griffon Corp. | 22,383 | 1,598 | |
* | Bloom Energy Corp. Class A | 172,198 | 1,510 |
* | PagSeguro Digital Ltd. Class A | 108,036 | 1,504 |
Standex International Corp. | 8,537 | 1,477 | |
* | Leonardo DRS Inc. | 61,327 | 1,393 |
Shares | Market Value• ($000) | ||
ESCO Technologies Inc. | 13,246 | 1,350 | |
Napco Security Technologies Inc. | 29,698 | 1,337 | |
* | Legalzoom.com Inc. | 105,618 | 1,310 |
Helios Technologies Inc. | 29,656 | 1,309 | |
*,1 | Enovix Corp. | 123,871 | 1,208 |
ArcBest Corp. | 8,393 | 1,199 | |
Kforce Inc. | 17,147 | 1,194 | |
* | Gibraltar Industries Inc. | 15,339 | 1,188 |
Lindsay Corp. | 9,881 | 1,179 | |
* | Payoneer Global Inc. | 236,823 | 1,151 |
* | Rocket Lab USA Inc. | 249,193 | 1,143 |
* | NV5 Global Inc. | 11,171 | 1,136 |
Wabash National Corp. | 41,048 | 1,120 | |
* | ASGN Inc. | 11,125 | 1,105 |
* | Janus International Group Inc. | 75,919 | 1,089 |
* | GMS Inc. | 11,614 | 1,037 |
* | Montrose Environmental Group Inc. | 24,948 | 1,032 |
* | Donnelley Financial Solutions Inc. | 15,732 | 1,016 |
Tennant Co. | 8,715 | 986 | |
* | SP Plus Corp. | 17,541 | 902 |
* | Cimpress plc | 9,095 | 891 |
Forward Air Corp. | 22,949 | 852 | |
Zurn Elkay Water Solutions Corp. | 26,384 | 838 | |
CRA International Inc. | 6,065 | 804 | |
* | IES Holdings Inc. | 7,313 | 804 |
Marten Transport Ltd. | 41,341 | 779 | |
* | Energy Recovery Inc. | 49,618 | 776 |
* | Transcat Inc. | 7,330 | 771 |
Moog Inc. Class A | 5,123 | 768 | |
* | ZipRecruiter Inc. Class A | 60,211 | 766 |
* | Vicor Corp. | 19,824 | 738 |
Barrett Business Services Inc. | 5,462 | 666 | |
Dorian LPG Ltd. | 18,207 | 658 | |
Pitney Bowes Inc. | 157,002 | 633 | |
Myers Industries Inc. | 32,701 | 629 | |
Cadre Holdings Inc. | 17,325 | 623 | |
* | CryoPort Inc. | 33,196 | 587 |
Hyster-Yale Materials Handling Inc. | 9,970 | 587 | |
* | International Money Express Inc. | 28,670 | 565 |
Cass Information Systems Inc. | 10,710 | 518 | |
Douglas Dynamics Inc. | 20,139 | 506 | |
* | Beacon Roofing Supply Inc. | 5,853 | 503 |
Mesa Laboratories Inc. | 4,582 | 500 | |
United States Lime & Minerals Inc. | 1,831 | 467 | |
* | Joby Aviation Inc. | 83,059 | 467 |
Flex LNG Ltd. | 17,909 | 452 | |
Apogee Enterprises Inc. | 7,559 | 432 | |
* | I3 Verticals Inc. Class A | 20,204 | 431 |
* | Franklin Covey Co. | 10,415 | 398 |
* | Marqeta Inc. Class A | 56,424 | 368 |
* | Itron Inc. | 3,866 | 358 |
Trinity Industries Inc. | 13,251 | 336 | |
Werner Enterprises Inc. | 8,269 | 332 | |
Allient Inc. | 11,582 | 329 | |
* | Custom Truck One Source Inc. | 50,782 | 326 |
* | Bowman Consulting Group Ltd. | 9,655 | 314 |
Shares | Market Value• ($000) | ||
Shyft Group Inc. | 30,006 | 309 | |
* | Daseke Inc. | 36,894 | 304 |
TTEC Holdings Inc. | 17,421 | 304 | |
* | Virgin Galactic Holdings Inc. | 164,990 | 287 |
Granite Construction Inc. | 5,454 | 281 | |
Patrick Industries Inc. | 2,344 | 281 | |
LSI Industries Inc. | 18,932 | 273 | |
* | Target Hospitality Corp. | 27,988 | 271 |
* | Distribution Solutions Group Inc. | 8,076 | 254 |
GATX Corp. | 1,993 | 253 | |
* | Cantaloupe Inc. | 34,517 | 224 |
*,1 | Atmus Filtration Technologies Inc. | 9,033 | 216 |
* | Forrester Research Inc. | 10,491 | 212 |
* | Luna Innovations Inc. | 29,367 | 199 |
Karat Packaging Inc. | 6,042 | 179 | |
* | Global Business Travel Group I | 28,850 | 173 |
Gorman-Rupp Co. | 4,594 | 172 | |
*,1 | Ispire Technology Inc. | 15,853 | 160 |
* | SoundThinking Inc. | 8,430 | 147 |
Preformed Line Products Co. | 1,039 | 143 | |
*,1 | PureCycle Technologies Inc. | 23,422 | 136 |
* | Performant Financial Corp. | 45,749 | 133 |
* | IBEX Holdings Ltd. | 8,301 | 132 |
Primoris Services Corp. | 2,980 | 118 | |
* | Concrete Pumping Holdings Inc. | 13,144 | 108 |
* | Iteris Inc. | 20,621 | 108 |
* | American Woodmark Corp. | 943 | 95 |
* | Thermon Group Holdings Inc. | 3,445 | 94 |
* | Hudson Technologies Inc. | 6,346 | 93 |
* | Eve Holding Inc. | 16,507 | 92 |
* | Evolv Technologies Holdings Inc. | 18,905 | 90 |
* | Paysign Inc. | 29,114 | 89 |
* | Cross Country Healthcare Inc. | 4,803 | 88 |
*,1 | Eos Energy Enterprises Inc. | 85,115 | 81 |
EVI Industries Inc. | 3,629 | 78 | |
* | Limbach Holdings Inc. | 1,524 | 75 |
Information Services Group Inc. | 16,977 | 74 | |
* | 374Water Inc. | 55,426 | 74 |
* | SKYX Platforms Corp. | 56,914 | 73 |
* | CPI Card Group Inc. | 3,797 | 72 |
First Advantage Corp. | 4,447 | 70 | |
Hirequest Inc. | 4,782 | 64 | |
* | CompoSecure Inc. | 12,865 | 62 |
* | Blue Bird Corp. | 1,651 | 56 |
* | Priority Technology Holdings Inc. | 15,304 | 51 |
Himalaya Shipping Ltd. | 4,160 | 33 | |
* | FARO Technologies Inc. | 1,400 | 31 |
* | Sterling Check Corp. | 1,903 | 30 |
Miller Industries Inc. | 607 | 27 | |
* | Redwire Corp. | 7,304 | 24 |
*,1 | Velo3D Inc. | 79,797 | 22 |
* | Commercial Vehicle Group Inc. | 3,248 | 21 |
* | Amprius Technologies Inc. | 4,798 | 16 |
* | Dragonfly Energy Holdings Corp. | 24,731 | 16 |
* | PAM Transportation Services Inc. | 711 | 13 |
Shares | Market Value• ($000) | ||
* | Mayville Engineering Co. Inc. | 926 | 11 |
* | Core Molding Technologies Inc. | 513 | 9 |
* | Atlanticus Holdings Corp. | 219 | 7 |
* | INNOVATE Corp. | 9,304 | 7 |
* | Babcock & Wilcox Enterprises Inc. | 4,876 | 6 |
*,1 | Terran Orbital Corp. | 4,571 | 5 |
* | Workhorse Group Inc. | 7,749 | 3 |
259,567 | |||
Other (0.0%)4 | |||
* | Alto Neuroscience Inc. | 334 | 5 |
*,2 | Aduro Biotech Inc. CVR | 9,451 | 2 |
*,1,2 | GTX Inc. CVR | 530 | — |
7 | |||
Real Estate (1.6%) | |||
Ryman Hospitality Properties Inc. | 52,162 | 6,180 | |
St. Joe Co. | 30,780 | 1,658 | |
Tanger Inc. | 42,756 | 1,232 | |
Outfront Media Inc. | 61,738 | 887 | |
* | Compass Inc. Class A | 218,348 | 862 |
DigitalBridge Group Inc. | 45,774 | 841 | |
eXp World Holdings Inc. | 63,551 | 833 | |
* | Redfin Corp. | 97,401 | 692 |
Phillips Edison & Co. Inc. | 17,917 | 640 | |
Universal Health Realty Income Trust | 11,451 | 444 | |
Community Healthcare Trust Inc. | 15,796 | 429 | |
Alexander's Inc. | 1,905 | 421 | |
CBL & Associates Properties Inc. | 18,060 | 416 | |
Essential Properties Realty Trust Inc. | 15,384 | 368 | |
Saul Centers Inc. | 9,493 | 344 | |
Marcus & Millichap Inc. | 8,169 | 300 | |
RMR Group Inc. Class A | 9,640 | 236 | |
Four Corners Property Trust Inc. | 8,820 | 213 | |
National Health Investors Inc. | 3,659 | 210 | |
CareTrust REIT Inc. | 8,295 | 187 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 7,279 | 183 | |
NexPoint Residential Trust Inc. | 5,909 | 173 | |
UMH Properties Inc. | 9,151 | 141 | |
* | Maui Land & Pineapple Co. Inc. | 6,344 | 124 |
* | Opendoor Technologies Inc. | 25,814 | 79 |
Gladstone Commercial Corp. | 6,306 | 78 | |
* | Anywhere Real Estate Inc. | 9,019 | 57 |
Clipper Realty Inc. | 9,326 | 44 | |
18,272 | |||
Technology (21.3%) | |||
* | Super Micro Computer Inc. | 41,444 | 35,895 |
*,1 | MicroStrategy Inc. Class A | 10,908 | 11,157 |
* | Fabrinet | 32,889 | 7,090 |
* | Onto Innovation Inc. | 37,498 | 6,906 |
* | SPS Commerce Inc. | 32,791 | 6,072 |
* | Rambus Inc. | 97,429 | 5,772 |
* | Qualys Inc. | 33,232 | 5,711 |
* | Novanta Inc. | 31,997 | 5,534 |
Shares | Market Value• ($000) | ||
* | Varonis Systems Inc. | 97,114 | 4,933 |
* | Tenable Holdings Inc. | 102,018 | 4,913 |
* | Insight Enterprises Inc. | 25,647 | 4,822 |
* | MACOM Technology Solutions Holdings Inc. | 48,571 | 4,290 |
* | Appfolio Inc. Class A | 17,157 | 4,154 |
* | Altair Engineering Inc. Class A | 48,529 | 4,129 |
* | Silicon Laboratories Inc. | 28,379 | 3,903 |
* | Workiva Inc. | 44,420 | 3,825 |
Power Integrations Inc. | 50,760 | 3,627 | |
* | CommVault Systems Inc. | 37,119 | 3,553 |
Advanced Energy Industries Inc. | 33,617 | 3,402 | |
* | Axcelis Technologies Inc. | 29,124 | 3,281 |
* | Box Inc. Class A | 125,949 | 3,248 |
* | Alarm.com Holdings Inc. | 42,797 | 3,239 |
* | Rapid7 Inc. | 54,180 | 3,174 |
* | FormFactor Inc. | 68,927 | 2,966 |
* | Freshworks Inc. Class A | 144,745 | 2,959 |
* | Blackline Inc. | 50,888 | 2,887 |
* | Blackbaud Inc. | 38,899 | 2,691 |
* | Braze Inc. Class A | 46,806 | 2,663 |
* | Sprout Social Inc. Class A | 42,688 | 2,639 |
* | Q2 Holdings Inc. | 50,847 | 2,351 |
* | Envestnet Inc. | 44,774 | 2,307 |
* | Yelp Inc. | 59,452 | 2,285 |
* | Impinj Inc. | 20,844 | 2,277 |
* | Credo Technology Group Holding Ltd. | 102,461 | 2,207 |
* | Diodes Inc. | 31,679 | 2,154 |
* | DigitalOcean Holdings Inc. | 56,587 | 2,146 |
Progress Software Corp. | 38,877 | 2,074 | |
* | Plexus Corp. | 21,712 | 2,050 |
*,1 | C3.ai Inc. Class A | 55,404 | 2,048 |
* | Perficient Inc. | 30,668 | 1,989 |
* | PagerDuty Inc. | 80,914 | 1,955 |
* | Cargurus Inc. | 87,386 | 1,935 |
Kulicke & Soffa Industries Inc. | 34,829 | 1,659 | |
* | Verint Systems Inc. | 51,846 | 1,639 |
CSG Systems International Inc. | 28,291 | 1,544 | |
* | Upwork Inc. | 111,578 | 1,462 |
* | Sitime Corp. | 15,536 | 1,437 |
* | Asana Inc. Class A | 72,735 | 1,433 |
Clear Secure Inc. Class A | 73,429 | 1,413 | |
* | Agilysys Inc. | 17,928 | 1,395 |
* | Parsons Corp. | 16,841 | 1,358 |
* | MaxLinear Inc. | 67,837 | 1,319 |
* | Zeta Global Holdings Corp. Class A | 123,915 | 1,301 |
* | Fastly Inc. Class A | 90,242 | 1,283 |
* | Appian Corp. Class A | 36,719 | 1,280 |
* | Rogers Corp. | 11,319 | 1,269 |
* | Schrodinger Inc. | 48,672 | 1,239 |
* | Sprinklr Inc. Class A | 94,516 | 1,232 |
CTS Corp. | 27,615 | 1,231 | |
* | Ambarella Inc. | 20,752 | 1,159 |
* | Jamf Holding Corp. | 63,250 | 1,138 |
Shutterstock Inc. | 21,999 | 1,073 | |
* | AvePoint Inc. | 132,976 | 1,064 |
* | Everbridge Inc. | 36,405 | 1,029 |
* | PROS Holdings Inc. | 28,601 | 1,022 |
* | Intapp Inc. | 24,794 | 973 |
* | Zuora Inc. Class A | 119,074 | 962 |
Adeia Inc. | 83,586 | 948 |
Shares | Market Value• ($000) | ||
* | PDF Solutions Inc. | 27,431 | 932 |
*,1 | SoundHound AI Inc. Class A | 123,611 | 917 |
* | Alkami Technology Inc. | 35,796 | 893 |
* | Couchbase Inc. | 31,080 | 873 |
Sapiens International Corp. NV | 27,469 | 845 | |
A10 Networks Inc. | 63,220 | 841 | |
* | Model N Inc. | 33,862 | 832 |
* | indie Semiconductor Inc. Class A | 125,412 | 776 |
* | N-Able Inc. | 56,313 | 759 |
* | TechTarget Inc. | 22,768 | 722 |
* | Amplitude Inc. Class A | 60,521 | 718 |
* | Ziff Davis Inc. | 9,578 | 659 |
* | Magnite Inc. | 51,141 | 615 |
Simulations Plus Inc. | 14,156 | 587 | |
* | Yext Inc. | 95,459 | 565 |
* | Grid Dynamics Holdings Inc. | 40,669 | 549 |
* | NerdWallet Inc. Class A | 30,307 | 511 |
Hackett Group Inc. | 20,467 | 506 | |
* | BigCommerce Holdings Inc. Series 1 | 60,008 | 465 |
* | Squarespace Inc. Class A | 13,726 | 457 |
* | Digimarc Corp. | 12,650 | 443 |
* | Mitek Systems Inc. | 36,666 | 426 |
* | CEVA Inc. | 18,292 | 414 |
* | Aehr Test Systems | 24,547 | 399 |
*,1 | MicroVision Inc. | 168,829 | 398 |
* | Weave Communications Inc. | 29,771 | 373 |
* | SEMrush Holdings Inc. Class A | 28,143 | 351 |
* | Eventbrite Inc. Class A | 62,291 | 349 |
* | Mediaalpha Inc. Class A | 16,697 | 346 |
* | Domo Inc. Class B | 28,541 | 328 |
* | OneSpan Inc. | 33,226 | 319 |
NVE Corp. | 3,770 | 315 | |
* | Olo Inc. Class A | 52,903 | 308 |
* | Planet Labs PBC | 140,859 | 308 |
*,1 | Applied Digital Corp. | 73,753 | 306 |
* | Grindr Inc. | 36,873 | 305 |
* | MeridianLink Inc. | 15,954 | 302 |
* | Enfusion Inc. Class A | 33,449 | 290 |
* | Synaptics Inc. | 2,861 | 286 |
* | EverQuote Inc. Class A | 17,730 | 284 |
* | Cleanspark Inc. | 16,613 | 278 |
* | Thoughtworks Holding Inc. | 82,915 | 259 |
American Software Inc. Class A | 22,759 | 255 | |
*,1 | IonQ Inc. | 22,561 | 234 |
* | ACM Research Inc. Class A | 6,859 | 212 |
* | SMART Global Holdings Inc. | 9,288 | 198 |
* | NextNav Inc. | 45,954 | 197 |
* | SkyWater Technology Inc. | 16,655 | 193 |
* | Red Violet Inc. | 9,934 | 177 |
* | Nextdoor Holdings Inc. | 77,890 | 171 |
* | Innodata Inc. | 22,929 | 170 |
* | Sanmina Corp. | 2,638 | 167 |
* | EverCommerce Inc. | 16,276 | 159 |
* | Consensus Cloud Solutions Inc. | 9,804 | 156 |
* | Rimini Street Inc. | 45,825 | 148 |
* | PubMatic Inc. Class A | 6,949 | 145 |
* | Definitive Healthcare Corp. | 14,036 | 134 |
* | Transphorm Inc. | 25,834 | 124 |
Shares | Market Value• ($000) | ||
* | inTEST Corp. | 10,550 | 123 |
* | Viant Technology Inc. Class A | 13,292 | 121 |
* | eGain Corp. | 18,866 | 116 |
* | Kimball Electronics Inc. | 5,062 | 114 |
* | ePlus Inc. | 1,333 | 110 |
* | Expensify Inc. Class A | 50,337 | 105 |
* | Bandwidth Inc. Class A | 5,015 | 103 |
* | Navitas Semiconductor Corp. | 15,682 | 96 |
* | Atomera Inc. | 14,480 | 91 |
* | LivePerson Inc. | 70,192 | 89 |
* | Vimeo Inc. | 17,929 | 86 |
* | CoreCard Corp. | 6,620 | 84 |
*,1 | BigBear.ai Holdings Inc. | 24,812 | 83 |
* | PAR Technology Corp. | 1,854 | 81 |
* | Digital Turbine Inc. | 22,524 | 71 |
* | Tucows Inc. Class A | 3,554 | 67 |
* | Xometry Inc. Class A | 3,419 | 67 |
* | Veritone Inc. | 23,555 | 54 |
* | Vivid Seats Inc. Class A | 6,980 | 42 |
* | Asure Software Inc. | 3,840 | 36 |
* | Bit Digital Inc. | 12,467 | 32 |
* | FiscalNote Holdings Inc. | 11,248 | 19 |
* | Cipher Mining Inc. | 2,691 | 8 |
* | CXApp Inc. | 1,743 | 5 |
* | Presto Automation Inc. | 2,852 | 1 |
246,128 | |||
Telecommunications (1.4%) | |||
InterDigital Inc. | 23,604 | 2,526 | |
Cogent Communications Holdings Inc. | 24,612 | 1,991 | |
* | Calix Inc. | 52,690 | 1,837 |
* | Viavi Solutions Inc. | 163,059 | 1,557 |
* | Extreme Networks Inc. | 112,886 | 1,427 |
* | Harmonic Inc. | 98,298 | 1,291 |
* | Infinera Corp. | 178,509 | 896 |
* | Globalstar Inc. | 547,841 | 855 |
* | Digi International Inc. | 27,888 | 825 |
*,1 | Lightwave Logic Inc. | 104,328 | 439 |
* | Anterix Inc. | 10,490 | 417 |
* | IDT Corp. Class B | 10,410 | 387 |
* | Clearfield Inc. | 11,772 | 355 |
* | 8x8 Inc. | 107,001 | 303 |
*,1 | AST SpaceMobile Inc. | 71,262 | 226 |
* | Ooma Inc. | 21,657 | 221 |
* | CommScope Holding Co. Inc. | 185,672 | 216 |
* | Kaltura Inc. | 73,867 | 98 |
* | Cambium Networks Corp. | 11,061 | 47 |
* | Gogo Inc. | 5,395 | 44 |
* | Akoustis Technologies Inc. | 61,954 | 39 |
Bel Fuse Inc. Class B | 717 | 37 | |
* | Consolidated Communications Holdings Inc. | 7,015 | 30 |
16,064 | |||
Utilities (1.5%) | |||
* | Casella Waste Systems Inc. Class A | 50,450 | 4,546 |
American States Water Co. | 33,161 | 2,368 | |
Ormat Technologies Inc. (XNYS) | 30,678 | 1,999 | |
New Jersey Resources Corp. | 45,498 | 1,893 | |
Chesapeake Utilities Corp. | 12,255 | 1,250 | |
MGE Energy Inc. | 16,614 | 1,050 |
Shares | Market Value• ($000) | ||
Middlesex Water Co. | 15,641 | 796 | |
California Water Service Group | 16,273 | 747 | |
York Water Co. | 12,698 | 450 | |
Brookfield Infrastructure Corp. Class A (XTSE) | 11,611 | 385 | |
* | Sunnova Energy International Inc. | 46,219 | 336 |
PNM Resources Inc. | 8,113 | 296 | |
Unitil Corp. | 4,085 | 208 | |
Artesian Resources Corp. Class A | 5,911 | 204 | |
Excelerate Energy Inc. Class A | 12,527 | 197 | |
* | Pure Cycle Corp. | 17,402 | 173 |
Genie Energy Ltd. Class B | 9,180 | 167 | |
*,1 | NuScale Power Corp. | 48,736 | 151 |
Global Water Resources Inc. | 10,348 | 134 | |
Consolidated Water Co. Ltd. | 3,786 | 112 | |
* | Cadiz Inc. | 35,816 | 104 |
* | Vertex Energy Inc. | 57,640 | 78 |
Aris Water Solutions Inc. Class A | 1,810 | 22 | |
RGC Resources Inc. | 481 | 9 | |
17,675 | |||
Total Common Stocks (Cost $930,302) | 1,152,343 | ||
Warrant (0.0%) | |||
* | Cassava Sciences Inc. Exp. 11/15/24 (Cost $—) | 1 | — |
Temporary Cash Investments (1.4%) | |||
Money Market Fund (1.4%) | |||
5,6 | Vanguard Market Liquidity Fund, 5.400% (Cost $16,315) | 163,200 | 16,318 |
Total Investments (101.3%) (Cost $946,617) | 1,168,661 | ||
Other Assets and Liabilities—Net (-1.3%) | (14,570) | ||
Net Assets (100%) | 1,154,091 | ||
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 $14,743,000. |
2 | Security value determined using significant unobservable inputs. |
3 | Restricted securities totaling $18,000, representing 0.0% of net assets. |
4 | “Other” represents securities that are not classified by the fund’s benchmark index. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
6 | Collateral of $15,250,000 was received for securities on loan, of which $15,133,000 is held in Vanguard Market Liquidity Fund and $117,000 is held in cash. |
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 2024 | 18 | 1,852 | 29 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $930,302) | 1,152,343 |
Affiliated Issuers (Cost $16,315) | 16,318 |
Total Investments in Securities | 1,168,661 |
Investment in Vanguard | 34 |
Cash | 4,377 |
Cash Collateral Pledged—Futures Contracts | 120 |
Receivables for Investment Securities Sold | 4 |
Receivables for Accrued Income | 454 |
Receivables for Capital Shares Issued | 22 |
Variation Margin Receivable—Futures Contracts | 13 |
Total Assets | 1,173,685 |
Liabilities | |
Payables for Investment Securities Purchased | 4,256 |
Collateral for Securities on Loan | 15,250 |
Payables for Capital Shares Redeemed | 27 |
Payables to Vanguard | 61 |
Total Liabilities | 19,594 |
Net Assets | 1,154,091 |
1 Includes $14,743,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 1,301,720 |
Total Distributable Earnings (Loss) | (147,629) |
Net Assets | 1,154,091 |
ETF Shares—Net Assets | |
Applicable to 4,750,393 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 912,540 |
Net Asset Value Per Share—ETF Shares | $192.10 |
Institutional Shares—Net Assets | |
Applicable to 659,989 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 241,551 |
Net Asset Value Per Share—Institutional Shares | $365.99 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 3,163 |
Interest2 | 26 |
Securities Lending—Net | 786 |
Total Income | 3,975 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 11 |
Management and Administrative—ETF Shares | 498 |
Management and Administrative—Institutional Shares | 72 |
Marketing and Distribution—ETF Shares | 20 |
Marketing and Distribution—Institutional Shares | 4 |
Custodian Fees | 26 |
Shareholders’ Reports—ETF Shares | 25 |
Shareholders’ Reports—Institutional Shares | 4 |
Trustees’ Fees and Expenses | — |
Other Expenses | 9 |
Total Expenses | 669 |
Expenses Paid Indirectly | (1) |
Net Expenses | 668 |
Net Investment Income | 3,307 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 13,749 |
Futures Contracts | 90 |
Realized Net Gain (Loss) | 13,839 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 91,481 |
Futures Contracts | 22 |
Change in Unrealized Appreciation (Depreciation) | 91,503 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 108,649 |
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 $23,000, $1,000, less than $1,000, and ($3,000), respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $12,981,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 3,307 | 8,774 | |
Realized Net Gain (Loss) | 13,839 | (2,797) | |
Change in Unrealized Appreciation (Depreciation) | 91,503 | 56,561 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 108,649 | 62,538 | |
Distributions | |||
ETF Shares | (3,792) | (6,440) | |
Institutional Shares | (1,182) | (2,474) | |
Total Distributions | (4,974) | (8,914) | |
Capital Share Transactions | |||
ETF Shares | 45,842 | 87,971 | |
Institutional Shares | (13,961) | (35,435) | |
Net Increase (Decrease) from Capital Share Transactions | 31,881 | 52,536 | |
Total Increase (Decrease) | 135,556 | 106,160 | |
Net Assets | |||
Beginning of Period | 1,018,535 | 912,375 | |
End of Period | 1,154,091 | 1,018,535 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $175.15 | $165.45 | $222.64 | $164.83 | $141.63 | $160.12 |
Investment Operations | ||||||
Net Investment Income1 | .553 | 1.499 | 1.137 | .839 | 1.097 | .971 |
Net Realized and Unrealized Gain (Loss) on Investments | 17.252 | 9.702 | (57.266) | 57.852 | 23.237 | (18.527) |
Total from Investment Operations | 17.805 | 11.201 | (56.129) | 58.691 | 24.334 | (17.556) |
Distributions | ||||||
Dividends from Net Investment Income | (.855) | (1.501) | (1.061) | (.881) | (1.134) | (.934) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.855) | (1.501) | (1.061) | (.881) | (1.134) | (.934) |
Net Asset Value, End of Period | $192.10 | $175.15 | $165.45 | $222.64 | $164.83 | $141.63 |
Total Return | 10.22% | 6.87% | -25.28% | 35.67% | 17.32% | -10.97% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $913 | $784 | $658 | $735 | $371 | $301 |
Ratio of Total Expenses to Average Net Assets | 0.15%2 | 0.15%2 | 0.15% | 0.15% | 0.15% | 0.15% |
Ratio of Net Investment Income to Average Net Assets | 0.62% | 0.90% | 0.61% | 0.40% | 0.75% | 0.68% |
Portfolio Turnover Rate3 | 4% | 32% | 33% | 47% | 38% | 28% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $333.70 | $315.20 | $424.16 | $314.01 | $269.76 | $305.04 |
Investment Operations | ||||||
Net Investment Income1 | 1.167 | 3.090 | 2.706 | 1.912 | 2.275 | 2.021 |
Net Realized and Unrealized Gain (Loss) on Investments | 32.862 | 18.463 | (109.390) | 110.162 | 44.269 | (35.267) |
Total from Investment Operations | 34.029 | 21.553 | (106.684) | 112.074 | 46.544 | (33.246) |
Distributions | ||||||
Dividends from Net Investment Income | (1.739) | (3.053) | (2.276) | (1.924) | (2.294) | (2.034) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.739) | (3.053) | (2.276) | (1.924) | (2.294) | (2.034) |
Net Asset Value, End of Period | $365.99 | $333.70 | $315.20 | $424.16 | $314.01 | $269.76 |
Total Return | 10.26% | 6.94% | -25.24% | 35.77% | 17.42% | -10.91% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $242 | $235 | $255 | $752 | $500 | $472 |
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 | 0.69% | 0.98% | 0.72% | 0.48% | 0.82% | 0.75% |
Portfolio Turnover Rate3 | 4% | 32% | 33% | 47% | 38% | 28% |
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 29, 2024, custodian fee offset arrangements reduced the fund’s expenses by $1,000 (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 | 1,152,305 | 18 | 20 | 1,152,343 |
Warrant | — | — | — | — |
Temporary Cash Investments | 16,318 | — | — | 16,318 |
Total | 1,168,623 | 18 | 20 | 1,168,661 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 29 | — | — | 29 |
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 29, 2024, 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 | 952,979 |
Gross Unrealized Appreciation | 330,456 |
Gross Unrealized Depreciation | (114,745) |
Net Unrealized Appreciation (Depreciation) | 215,711 |
F. | During the six months ended February 29, 2024, the fund purchased $39,687,000 of investment securities and sold $52,775,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $79,246,000 and $37,833,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 83,707 | 500 | 268,511 | 1,575 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (37,865) | (225) | (180,540) | (1,075) | |
Net Increase (Decrease)—ETF Shares | 45,842 | 275 | 87,971 | 500 | |
Institutional Shares | |||||
Issued | 8,209 | 26 | 49,602 | 158 | |
Issued in Lieu of Cash Distributions | 1,141 | 3 | 2,350 | 8 | |
Redeemed | (23,311) | (72) | (87,387) | (271) | |
Net Increase (Decrease)—Institutional Shares | (13,961) | (43) | (35,435) | (105) |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
All rights reserved.
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 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Russell 3000 Index Fund | |||
ETF Shares | $1,000.00 | $1,137.40 | $0.53 |
Institutional Shares | 1,000.00 | 1,137.50 | 0.43 |
Based on Hypothetical 5% Yearly Return | |||
Russell 3000 Index Fund | |||
ETF Shares | $1,000.00 | $1,024.37 | $0.50 |
Institutional Shares | 1,000.00 | 1,024.47 | 0.40 |
Basic Materials | 1.9% |
Consumer Discretionary | 14.5 |
Consumer Staples | 4.5 |
Energy | 3.9 |
Financials | 10.9 |
Health Care | 12.0 |
Industrials | 13.1 |
Real Estate | 2.7 |
Technology | 32.1 |
Telecommunications | 2.0 |
Utilities | 2.4 |
Other | 0.0 |
Shares | Market Value• ($000) | ||
Common Stocks (99.7%) | |||
Basic Materials (1.9%) | |||
Linde plc | 33,430 | 15,004 | |
Ecolab Inc. | 17,166 | 3,860 | |
Freeport-McMoRan Inc. | 98,384 | 3,720 | |
Air Products and Chemicals Inc. | 15,338 | 3,590 | |
Nucor Corp. | 17,209 | 3,309 | |
Fastenal Co. | 39,283 | 2,868 | |
Dow Inc. | 48,628 | 2,717 | |
Newmont Corp. (XNYS) | 79,401 | 2,481 | |
LyondellBasell Industries NV Class A | 17,745 | 1,779 | |
Steel Dynamics Inc. | 10,700 | 1,432 | |
International Flavors & Fragrances Inc. | 17,500 | 1,321 | |
Reliance Steel & Aluminum Co. | 3,966 | 1,274 | |
Avery Dennison Corp. | 5,559 | 1,204 | |
Albemarle Corp. | 8,049 | 1,110 | |
CF Industries Holdings Inc. | 13,239 | 1,069 | |
Celanese Corp. | 6,992 | 1,063 | |
International Paper Co. | 23,877 | 844 | |
United States Steel Corp. | 15,094 | 715 | |
* | Cleveland-Cliffs Inc. | 34,134 | 710 |
Eastman Chemical Co. | 8,070 | 708 | |
Mosaic Co. | 22,716 | 708 | |
* | RBC Bearings Inc. | 1,947 | 531 |
FMC Corp. | 8,561 | 483 | |
UFP Industries Inc. | 4,149 | 476 | |
Southern Copper Corp. | 5,846 | 473 | |
Royal Gold Inc. | 4,463 | 458 | |
Olin Corp. | 8,340 | 449 | |
Commercial Metals Co. | 8,076 | 436 | |
Hexcel Corp. | 5,746 | 428 | |
* | Valvoline Inc. | 9,742 | 415 |
Mueller Industries Inc. | 7,554 | 388 | |
* | Arcadium Lithium plc | 70,558 | 387 |
Element Solutions Inc. | 15,863 | 373 | |
Boise Cascade Co. | 2,676 | 364 | |
Timken Co. | 4,317 | 363 | |
Balchem Corp. | 2,268 | 356 | |
Alcoa Corp. | 12,294 | 335 | |
Cabot Corp. | 3,847 | 327 | |
Westlake Corp. | 2,267 | 314 | |
Ashland Inc. | 3,342 | 313 | |
Huntsman Corp. | 11,669 | 299 | |
NewMarket Corp. | 443 | 284 | |
Avient Corp. | 6,628 | 268 |
Shares | Market Value• ($000) | ||
Innospec Inc. | 1,815 | 226 | |
Carpenter Technology Corp. | 3,466 | 224 | |
Sensient Technologies Corp. | 2,992 | 200 | |
Chemours Co. | 10,070 | 198 | |
Quaker Chemical Corp. | 988 | 198 | |
Materion Corp. | 1,465 | 197 | |
Scotts Miracle-Gro Co. | 3,004 | 197 | |
* | Uranium Energy Corp. | 26,725 | 173 |
Minerals Technologies Inc. | 2,377 | 172 | |
* | Constellium SE | 8,664 | 168 |
Hecla Mining Co. | 44,332 | 157 | |
Sylvamo Corp. | 2,522 | 152 | |
Stepan Co. | 1,574 | 140 | |
* | MP Materials Corp. | 7,738 | 118 |
Tronox Holdings plc | 7,671 | 113 | |
* | Ingevity Corp. | 2,453 | 112 |
Hawkins Inc. | 1,123 | 79 | |
Koppers Holdings Inc. | 1,349 | 76 | |
Kaiser Aluminum Corp. | 1,011 | 73 | |
Orion SA | 3,183 | 72 | |
* | Energy Fuels Inc. | 10,793 | 68 |
* | Worthington Steel Inc. | 2,065 | 65 |
* | US Silica Holdings Inc. | 5,508 | 63 |
SSR Mining Inc. (XTSE) | 14,116 | 61 | |
Ryerson Holding Corp. | 1,906 | 60 | |
Mativ Holdings Inc. | 3,389 | 59 | |
* | Perimeter Solutions SA | 9,714 | 59 |
* | Coeur Mining Inc. | 22,496 | 58 |
* | Ecovyst Inc. | 5,959 | 57 |
Haynes International Inc. | 884 | 53 | |
Compass Minerals International Inc. | 2,156 | 49 | |
* | TimkenSteel Corp. | 2,235 | 49 |
AdvanSix Inc. | 1,645 | 46 | |
Olympic Steel Inc. | 670 | 46 | |
* | Novagold Resources Inc. | 17,074 | 42 |
* | Encore Energy Corp. | 10,589 | 41 |
* | Clearwater Paper Corp. | 994 | 39 |
* | Century Aluminum Co. | 3,243 | 34 |
Radius Recycling Inc. | 1,716 | 34 | |
* | Ivanhoe Electric Inc. | 4,338 | 32 |
* | LSB Industries Inc. | 3,521 | 26 |
* | Northwest Pipe Co. | 774 | 23 |
American Vanguard Corp. | 1,972 | 21 | |
GrafTech International Ltd. | 11,855 | 21 | |
* | Rayonier Advanced Materials Inc. | 4,611 | 16 |
* | Piedmont Lithium Inc. | 1,095 | 16 |
Shares | Market Value• ($000) | ||
* | i-80 Gold Corp. | 12,037 | 15 |
Omega Flex Inc. | 208 | 14 | |
* | Intrepid Potash Inc. | 553 | 12 |
FutureFuel Corp. | 1,670 | 10 | |
Caledonia Mining Corp. plc | 1,021 | 10 | |
* | Contango ORE Inc. | 589 | 10 |
Tredegar Corp. | 2,137 | 9 | |
* | Perpetua Resources Corp. | 2,379 | 7 |
* | Dakota Gold Corp. | 3,098 | 7 |
* | Origin Materials Inc. | 7,576 | 4 |
* | LanzaTech Global Inc. | 1,173 | 4 |
* | 5e Advanced Materials Inc. | 1,816 | 3 |
64,294 | |||
Consumer Discretionary (14.4%) | |||
* | Amazon.com Inc. | 621,762 | 109,903 |
* | Tesla Inc. | 190,438 | 38,446 |
Home Depot Inc. | 69,012 | 26,267 | |
Costco Wholesale Corp. | 30,567 | 22,738 | |
* | Netflix Inc. | 29,802 | 17,968 |
Walmart Inc. | 295,260 | 17,305 | |
McDonald's Corp. | 50,301 | 14,702 | |
Walt Disney Co. | 126,243 | 14,086 | |
* | Uber Technologies Inc. | 135,925 | 10,806 |
Lowe's Cos. Inc. | 39,874 | 9,596 | |
* | Booking Holdings Inc. | 2,464 | 8,547 |
NIKE Inc. Class B | 82,167 | 8,540 | |
TJX Cos. Inc. | 79,429 | 7,875 | |
Starbucks Corp. | 77,929 | 7,395 | |
* | Chipotle Mexican Grill Inc. | 1,897 | 5,101 |
Target Corp. | 31,817 | 4,865 | |
* | O'Reilly Automotive Inc. | 4,086 | 4,443 |
* | Airbnb Inc. Class A | 27,928 | 4,398 |
Marriott International Inc. Class A | 16,786 | 4,194 | |
General Motors Co. | 94,847 | 3,887 | |
* | AutoZone Inc. | 1,216 | 3,655 |
* | Lululemon Athletica Inc. | 7,664 | 3,580 |
Hilton Worldwide Holdings Inc. | 17,244 | 3,523 | |
Ross Stores Inc. | 23,093 | 3,440 | |
Ford Motor Co. | 269,909 | 3,358 | |
DR Horton Inc. | 21,407 | 3,199 | |
* | Copart Inc. | 59,298 | 3,152 |
Lennar Corp. Class A | 17,384 | 2,756 | |
Yum! Brands Inc. | 19,294 | 2,671 | |
* | Trade Desk Inc. Class A | 30,536 | 2,609 |
Electronic Arts Inc. | 18,693 | 2,607 | |
* | Spotify Technology SA | 9,691 | 2,485 |
Estee Lauder Cos. Inc. Class A | 16,002 | 2,378 | |
Dollar General Corp. | 15,044 | 2,186 | |
* | Dollar Tree Inc. | 14,463 | 2,121 |
* | Royal Caribbean Cruises Ltd. | 16,064 | 1,981 |
Tractor Supply Co. | 7,511 | 1,910 | |
Delta Air Lines Inc. | 44,236 | 1,870 | |
* | Ulta Beauty Inc. | 3,381 | 1,855 |
eBay Inc. | 36,621 | 1,731 | |
* | Take-Two Interactive Software Inc. | 11,394 | 1,674 |
* | Deckers Outdoor Corp. | 1,799 | 1,611 |
PulteGroup Inc. | 14,640 | 1,587 | |
* | NVR Inc. | 202 | 1,540 |
* | Aptiv plc | 18,568 | 1,476 |
Garmin Ltd. | 10,538 | 1,447 | |
Genuine Parts Co. | 9,611 | 1,435 | |
Darden Restaurants Inc. | 8,299 | 1,417 |
Shares | Market Value• ($000) | ||
Southwest Airlines Co. | 40,824 | 1,399 | |
* | Coupang Inc. | 75,219 | 1,393 |
Las Vegas Sands Corp. | 25,253 | 1,377 | |
* | Warner Bros Discovery Inc. | 151,165 | 1,329 |
* | Expedia Group Inc. | 9,458 | 1,294 |
* | Roblox Corp. Class A | 31,821 | 1,270 |
* | DraftKings Inc. Class A | 28,599 | 1,239 |
Omnicom Group Inc. | 13,693 | 1,210 | |
Domino's Pizza Inc. | 2,410 | 1,081 | |
Best Buy Co. Inc. | 13,354 | 1,080 | |
* | Carnival Corp. | 68,062 | 1,079 |
* | Liberty Media Corp.-Liberty Formula One Class C | 14,775 | 1,075 |
Pool Corp. | 2,670 | 1,063 | |
* | Live Nation Entertainment Inc. | 10,719 | 1,040 |
Williams-Sonoma Inc. | 4,368 | 1,029 | |
* | United Airlines Holdings Inc. | 22,498 | 1,023 |
LKQ Corp. | 18,413 | 963 | |
RB Global Inc. (XTSE) | 12,425 | 943 | |
* | Burlington Stores Inc. | 4,423 | 907 |
* | Floor & Decor Holdings Inc. Class A | 7,127 | 863 |
* | CarMax Inc. | 10,821 | 855 |
Toll Brothers Inc. | 7,308 | 838 | |
* | MGM Resorts International | 19,340 | 837 |
Interpublic Group of Cos. Inc. | 26,338 | 827 | |
Rollins Inc. | 17,483 | 770 | |
* | e.l.f. Beauty Inc. | 3,647 | 760 |
* | Five Below Inc. | 3,756 | 754 |
News Corp. Class A | 27,959 | 752 | |
Wynn Resorts Ltd. | 7,100 | 747 | |
Tapestry Inc. | 15,671 | 745 | |
Service Corp. International | 10,052 | 736 | |
Dick's Sporting Goods Inc. | 4,118 | 733 | |
Wingstop Inc. | 2,062 | 724 | |
Bath & Body Works Inc. | 15,690 | 717 | |
* | American Airlines Group Inc. | 44,677 | 701 |
Texas Roadhouse Inc. | 4,677 | 699 | |
* | BJ's Wholesale Club Holdings Inc. | 9,133 | 667 |
* | Light & Wonder Inc. | 6,199 | 623 |
Tempur Sealy International Inc. | 11,433 | 623 | |
* | Caesars Entertainment Inc. | 14,061 | 611 |
* | Etsy Inc. | 8,396 | 602 |
Vail Resorts Inc. | 2,596 | 598 | |
Churchill Downs Inc. | 4,891 | 596 | |
Gentex Corp. | 16,302 | 596 | |
Fox Corp. Class A | 18,954 | 565 | |
PVH Corp. | 4,126 | 564 | |
* | Skechers USA Inc. Class A | 9,110 | 563 |
* | Norwegian Cruise Line Holdings Ltd. | 28,862 | 560 |
Lithia Motors Inc. | 1,851 | 554 | |
Murphy USA Inc. | 1,321 | 551 | |
Lear Corp. | 3,924 | 539 | |
* | Crocs Inc. | 4,254 | 520 |
* | Rivian Automotive Inc. Class A | 45,711 | 517 |
* | SiteOne Landscape Supply Inc. | 3,051 | 514 |
Ralph Lauren Corp. | 2,706 | 503 | |
BorgWarner Inc. (XNYS) | 15,811 | 492 |
Shares | Market Value• ($000) | ||
New York Times Co. Class A | 11,036 | 489 | |
* | Carvana Co. | 6,419 | 487 |
H&R Block Inc. | 9,901 | 485 | |
U-Haul Holding Co. | 7,585 | 482 | |
Aramark | 15,868 | 481 | |
* | Duolingo Inc. | 1,996 | 477 |
* | Mattel Inc. | 23,815 | 469 |
* | Bright Horizons Family Solutions Inc. | 3,986 | 458 |
Hyatt Hotels Corp. Class A | 2,976 | 457 | |
Hasbro Inc. | 9,054 | 455 | |
Thor Industries Inc. | 3,475 | 445 | |
* | Abercrombie & Fitch Co. Class A | 3,376 | 431 |
Wyndham Hotels & Resorts Inc. | 5,532 | 423 | |
Paramount Global Class B | 37,690 | 416 | |
Whirlpool Corp. | 3,712 | 399 | |
Nexstar Media Group Inc. | 2,377 | 395 | |
* | Taylor Morrison Home Corp. | 6,938 | 393 |
VF Corp. | 23,933 | 391 | |
Meritage Homes Corp. | 2,447 | 386 | |
Academy Sports & Outdoors Inc. | 5,116 | 382 | |
* | Lyft Inc. Class A | 23,325 | 370 |
* | Capri Holdings Ltd. | 7,901 | 364 |
* | Planet Fitness Inc. Class A | 5,813 | 361 |
TKO Group Holdings Inc. | 4,260 | 357 | |
* | Ollie's Bargain Outlet Holdings Inc. | 4,344 | 348 |
Polaris Inc. | 3,739 | 347 | |
* | Wayfair Inc. Class A | 5,773 | 344 |
* | Coty Inc. Class A | 26,718 | 336 |
* | Alaska Air Group Inc. | 8,881 | 332 |
Boyd Gaming Corp. | 5,012 | 331 | |
Macy's Inc. | 18,913 | 330 | |
KB Home | 4,933 | 328 | |
Harley-Davidson Inc. | 9,012 | 327 | |
* | Liberty Media Corp.-Liberty SiriusXM Class C | 11,032 | 320 |
Signet Jewelers Ltd. | 3,114 | 317 | |
* | AutoNation Inc. | 2,007 | 301 |
* | RH | 1,098 | 301 |
* | Asbury Automotive Group Inc. | 1,429 | 298 |
* | Skyline Champion Corp. | 3,522 | 295 |
American Eagle Outfitters Inc. | 12,289 | 292 | |
Advance Auto Parts Inc. | 4,271 | 288 | |
* | Grand Canyon Education Inc. | 2,091 | 282 |
* | Shake Shack Inc. Class A | 2,653 | 282 |
MDC Holdings Inc. | 4,302 | 270 | |
Gap Inc. | 13,763 | 261 | |
Group 1 Automotive Inc. | 963 | 261 | |
* | GameStop Corp. Class A | 18,199 | 260 |
* | Hilton Grand Vacations Inc. | 5,745 | 258 |
* | YETI Holdings Inc. | 6,087 | 250 |
* | Madison Square Garden Sports Corp. | 1,308 | 246 |
* | Tri Pointe Homes Inc. | 6,840 | 242 |
Marriott Vacations Worldwide Corp. | 2,575 | 240 | |
* | M/I Homes Inc. | 1,873 | 238 |
* | Cavco Industries Inc. | 635 | 237 |
Shares | Market Value• ($000) | ||
Choice Hotels International Inc. | 2,092 | 234 | |
Kontoor Brands Inc. | 3,962 | 234 | |
Steven Madden Ltd. | 5,409 | 232 | |
Travel & Leisure Co. | 5,137 | 230 | |
* | Goodyear Tire & Rubber Co. | 19,003 | 226 |
* | Visteon Corp. | 1,970 | 223 |
* | Adient plc | 6,584 | 223 |
LCI Industries | 1,739 | 219 | |
Kohl's Corp. | 7,804 | 217 | |
Penske Automotive Group Inc. | 1,412 | 217 | |
Wendy's Co. | 11,927 | 216 | |
International Game Technology plc | 7,689 | 209 | |
Newell Brands Inc. | 27,700 | 208 | |
* | TripAdvisor Inc. | 7,770 | 208 |
Carter's Inc. | 2,539 | 206 | |
Columbia Sportswear Co. | 2,485 | 205 | |
Foot Locker Inc. | 5,961 | 205 | |
* | Helen of Troy Ltd. | 1,635 | 204 |
Rush Enterprises Inc. Class A | 4,122 | 201 | |
* | Boot Barn Holdings Inc. | 2,156 | 199 |
TEGNA Inc. | 14,206 | 199 | |
Red Rock Resorts Inc. Class A | 3,394 | 197 | |
Inter Parfums Inc. | 1,322 | 194 | |
* | Penn Entertainment Inc. | 10,530 | 193 |
Fox Corp. Class B | 6,961 | 191 | |
Leggett & Platt Inc. | 9,245 | 189 | |
* | SkyWest Inc. | 2,892 | 186 |
* | Urban Outfitters Inc. | 4,482 | 186 |
Graham Holdings Co. Class B | 258 | 181 | |
* | Stride Inc. | 3,032 | 181 |
* | Dorman Products Inc. | 1,915 | 180 |
* | frontdoor Inc. | 5,731 | 180 |
Strategic Education Inc. | 1,621 | 180 | |
Century Communities Inc. | 2,073 | 179 | |
*,1 | Lucid Group Inc. | 53,566 | 177 |
* | Liberty Media Corp.-Liberty SiriusXM Class A | 6,090 | 177 |
News Corp. Class B | 6,183 | 173 | |
Bloomin' Brands Inc. | 6,244 | 170 | |
* | Sonos Inc. | 8,952 | 170 |
Nordstrom Inc. | 8,081 | 169 | |
Papa John's International Inc. | 2,337 | 168 | |
* | LGI Homes Inc. | 1,460 | 167 |
* | ACV Auctions Inc. Class A | 9,161 | 163 |
MillerKnoll Inc. | 5,292 | 162 | |
* | JetBlue Airways Corp. | 24,346 | 158 |
PriceSmart Inc. | 1,862 | 157 | |
* | Fox Factory Holding Corp. | 3,058 | 155 |
* | QuantumScape Corp. | 24,163 | 151 |
* | Topgolf Callaway Brands Corp. | 10,530 | 150 |
* | Victoria's Secret & Co. | 5,242 | 150 |
Avis Budget Group Inc. | 1,375 | 149 | |
* | Dave & Buster's Entertainment Inc. | 2,383 | 147 |
HNI Corp. | 3,285 | 147 | |
Winnebago Industries Inc. | 2,049 | 147 | |
* | Coursera Inc. | 9,113 | 146 |
* | Adtalem Global Education Inc. | 2,838 | 140 |
Shares | Market Value• ($000) | ||
Acushnet Holdings Corp. | 2,153 | 139 | |
* | SeaWorld Entertainment Inc. | 2,693 | 138 |
* | Liberty Media Corp.-Liberty Live Class C | 3,466 | 138 |
* | Brinker International Inc. | 2,950 | 137 |
1 | Sirius XM Holdings Inc. | 30,947 | 137 |
* | Cinemark Holdings Inc. | 7,701 | 134 |
Worthington Enterprises Inc. | 2,109 | 131 | |
* | Under Armour Inc. Class C | 15,266 | 130 |
* | ODP Corp. | 2,277 | 129 |
* | OPENLANE Inc. | 8,318 | 127 |
Upbound Group Inc. | 3,697 | 125 | |
* | Hanesbrands Inc. | 22,780 | 123 |
* | Gentherm Inc. | 2,139 | 122 |
* | National Vision Holdings Inc. | 5,197 | 122 |
* | Six Flags Entertainment Corp. | 4,770 | 121 |
* | Vista Outdoor Inc. | 3,773 | 118 |
Dana Inc. | 9,374 | 117 | |
Laureate Education Inc. | 8,761 | 117 | |
Cheesecake Factory Inc. | 3,265 | 116 | |
* | Atlanta Braves Holdings Inc. Class C | 2,939 | 115 |
* | Peloton Interactive Inc. Class A | 24,281 | 110 |
Phinia Inc. | 3,215 | 110 | |
* | Knowles Corp. | 6,672 | 109 |
Oxford Industries Inc. | 1,072 | 109 | |
La-Z-Boy Inc. | 2,827 | 107 | |
* | Under Armour Inc. Class A | 11,865 | 106 |
* | Madison Square Garden Entertainment Corp. | 2,710 | 104 |
* | Central Garden & Pet Co. | 2,334 | 102 |
* | Green Brick Partners Inc. | 1,726 | 101 |
*,1 | Birkenstock Holding plc | 2,018 | 101 |
* | Leslie's Inc. | 12,617 | 100 |
Dillard's Inc. Class A | 231 | 96 | |
Jack in the Box Inc. | 1,316 | 96 | |
* | Beyond Inc. | 2,871 | 96 |
Cracker Barrel Old Country Store Inc. | 1,437 | 95 | |
Caleres Inc. | 2,348 | 91 | |
* | Sally Beauty Holdings Inc. | 7,225 | 91 |
* | PROG Holdings Inc. | 2,939 | 91 |
* | G-III Apparel Group Ltd. | 2,639 | 88 |
Steelcase Inc. Class A | 6,429 | 88 | |
* | Cars.com Inc. | 4,677 | 86 |
Buckle Inc. | 2,079 | 85 | |
* | XPEL Inc. | 1,613 | 85 |
John Wiley & Sons Inc. Class A | 2,432 | 81 | |
* | PowerSchool Holdings Inc. Class A | 3,854 | 80 |
Perdoceo Education Corp. | 4,446 | 79 | |
Allegiant Travel Co. | 1,072 | 78 | |
Krispy Kreme Inc. | 5,999 | 78 | |
* | Sweetgreen Inc. Class A | 6,162 | 78 |
Monro Inc. | 2,308 | 77 | |
* | Sphere Entertainment Co. | 1,766 | 76 |
Scholastic Corp. | 1,844 | 73 | |
* | OneSpaWorld Holdings Ltd. | 5,585 | 73 |
Camping World Holdings Inc. Class A | 2,682 | 72 | |
Winmark Corp. | 188 | 71 |
Shares | Market Value• ($000) | ||
* | Chegg Inc. | 7,864 | 70 |
* | Lions Gate Entertainment Corp. Class B | 7,683 | 70 |
* | Central Garden & Pet Co. Class A | 1,811 | 68 |
Hibbett Inc. | 833 | 68 | |
* | Udemy Inc. | 5,983 | 68 |
Monarch Casino & Resort Inc. | 948 | 67 | |
* | Hertz Global Holdings Inc. | 8,596 | 67 |
* | Arlo Technologies Inc. | 6,268 | 65 |
* | Everi Holdings Inc. | 5,418 | 64 |
* | Revolve Group Inc. | 2,894 | 63 |
* | Cava Group Inc. | 1,076 | 63 |
Interface Inc. | 3,745 | 59 | |
* | Beazer Homes USA Inc. | 1,865 | 58 |
* | Sabre Corp. | 21,826 | 58 |
* | Dream Finders Homes Inc. Class A | 1,493 | 58 |
* | AMC Entertainment Holdings Inc. Class A | 13,382 | 58 |
* | BJ's Restaurants Inc. | 1,588 | 56 |
* | Malibu Boats Inc. Class A | 1,277 | 56 |
* | QuinStreet Inc. | 3,737 | 55 |
Sonic Automotive Inc. Class A | 1,051 | 55 | |
* | Driven Brands Holdings Inc. | 3,968 | 55 |
Matthews International Corp. Class A | 1,878 | 54 | |
* | Viad Corp. | 1,450 | 54 |
* | Liberty Media Corp.-Liberty Live Class A | 1,401 | 54 |
* | Lions Gate Entertainment Corp. Class A | 5,490 | 53 |
* | IMAX Corp. | 3,088 | 53 |
* | Vizio Holding Corp. Class A | 4,695 | 52 |
Sturm Ruger & Co. Inc. | 1,188 | 51 | |
Ethan Allen Interiors Inc. | 1,506 | 50 | |
Guess? Inc. | 1,987 | 50 | |
Wolverine World Wide Inc. | 4,831 | 49 | |
Dine Brands Global Inc. | 989 | 48 | |
* | MarineMax Inc. | 1,432 | 48 |
Spirit Airlines Inc. | 7,418 | 48 | |
1 | Paramount Global Class A | 2,262 | 48 |
* | Hovnanian Enterprises Inc. Class A | 303 | 47 |
* | Clear Channel Outdoor Holdings Inc. | 26,649 | 46 |
* | Hawaiian Holdings Inc. | 3,192 | 45 |
Standard Motor Products Inc. | 1,431 | 45 | |
* | Thryv Holdings Inc. | 2,146 | 45 |
* | Mister Car Wash Inc. | 5,452 | 45 |
* | American Axle & Manufacturing Holdings Inc. | 6,329 | 44 |
* | Accel Entertainment Inc. | 3,852 | 44 |
* | Portillo's Inc. Class A | 3,052 | 44 |
Lennar Corp. Class B | 290 | 43 | |
Smith & Wesson Brands Inc. | 3,140 | 43 | |
* | Figs Inc. Class A | 8,046 | 42 |
* | Life Time Group Holdings Inc. | 3,077 | 42 |
Rush Enterprises Inc. Class B | 819 | 41 | |
*,1 | Luminar Technologies Inc. | 17,288 | 41 |
Shares | Market Value• ($000) | ||
* | First Watch Restaurant Group Inc. | 1,594 | 40 |
* | Chuy's Holdings Inc. | 1,161 | 39 |
Golden Entertainment Inc. | 1,060 | 39 | |
Global Industrial Co. | 894 | 39 | |
* | Kura Sushi USA Inc. Class A | 395 | 38 |
Shoe Carnival Inc. | 1,121 | 37 | |
* | Sun Country Airlines Holdings Inc. | 2,384 | 36 |
Gray Television Inc. | 5,995 | 35 | |
* | Savers Value Village Inc. | 1,713 | 35 |
* | Daily Journal Corp. | 99 | 34 |
* | Corsair Gaming Inc. | 2,541 | 33 |
Arko Corp. | 5,043 | 33 | |
* | Integral Ad Science Holding Corp. | 3,156 | 33 |
Sinclair Inc. | 2,213 | 33 | |
* | Denny's Corp. | 3,480 | 32 |
* | Stoneridge Inc. | 1,831 | 32 |
* | Clean Energy Fuels Corp. | 10,556 | 31 |
Haverty Furniture Cos. Inc. | 893 | 31 | |
RCI Hospitality Holdings Inc. | 554 | 31 | |
* | Instructure Holdings Inc. | 1,365 | 31 |
* | Universal Technical Institute Inc. | 1,991 | 30 |
A-Mark Precious Metals Inc. | 1,154 | 30 | |
* | European Wax Center Inc. Class A | 2,107 | 30 |
* | America's Car-Mart Inc. | 427 | 29 |
Designer Brands Inc. Class A | 2,614 | 28 | |
* | AMC Networks Inc. Class A | 2,202 | 28 |
* | Stagwell Inc. | 5,219 | 28 |
* | Super Group SGHC Ltd. | 8,455 | 28 |
Marcus Corp. | 1,834 | 27 | |
Movado Group Inc. | 932 | 27 | |
* | Atlanta Braves Holdings Inc. Class A | 653 | 27 |
* | Boston Omaha Corp. Class A | 1,587 | 26 |
* | Liquidity Services Inc. | 1,393 | 25 |
* | MasterCraft Boat Holdings Inc. | 1,121 | 25 |
* | Genesco Inc. | 731 | 23 |
* | Sleep Number Corp. | 1,417 | 23 |
* | Bally's Corp. | 2,084 | 23 |
Carrols Restaurant Group Inc. | 2,303 | 22 | |
* | Potbelly Corp. | 1,596 | 22 |
* | Zumiez Inc. | 1,223 | 22 |
* | OneWater Marine Inc. Class A | 854 | 22 |
* | iRobot Corp. | 1,869 | 21 |
* | Lovesac Co. | 911 | 21 |
* | PlayAGS Inc. | 2,270 | 21 |
* | Legacy Housing Corp. | 798 | 21 |
* | Rush Street Interactive Inc. | 3,653 | 21 |
* | Stitch Fix Inc. Class A | 6,173 | 20 |
* | Landsea Homes Corp. | 1,466 | 20 |
Carriage Services Inc. | 768 | 19 | |
* | GoPro Inc. Class A | 8,192 | 19 |
Johnson Outdoors Inc. Class A | 413 | 19 |
Shares | Market Value• ($000) | ||
* | Lindblad Expeditions Holdings Inc. | 2,047 | 19 |
Alta Equipment Group Inc. | 1,627 | 19 | |
* | Cardlytics Inc. | 2,222 | 18 |
Entravision Communications Corp. Class A | 4,758 | 18 | |
* | EW Scripps Co. Class A | 4,477 | 18 |
* | iHeartMedia Inc. Class A | 6,426 | 18 |
* | Gannett Co. Inc. | 8,375 | 18 |
Build-A-Bear Workshop Inc. | 765 | 18 | |
* | Eastman Kodak Co. | 3,188 | 17 |
* | 1-800-Flowers.com Inc. Class A | 1,608 | 17 |
Climb Global Solutions Inc. | 252 | 17 | |
* | Inspired Entertainment Inc. | 1,641 | 16 |
* | AMMO Inc. | 6,813 | 16 |
* | Xponential Fitness Inc. Class A | 1,539 | 16 |
* | Cooper-Standard Holdings Inc. | 1,054 | 15 |
* | El Pollo Loco Holdings Inc. | 1,665 | 15 |
Hooker Furnishings Corp. | 597 | 15 | |
Aaron's Co. Inc. | 1,892 | 15 | |
* | Frontier Group Holdings Inc. | 2,210 | 15 |
* | JAKKS Pacific Inc. | 432 | 15 |
* | Holley Inc. | 3,560 | 15 |
* | Funko Inc. Class A | 2,050 | 14 |
* | Turtle Beach Corp. | 1,352 | 14 |
* | Lincoln Educational Services Corp. | 1,410 | 14 |
Cricut Inc. Class A | 2,993 | 14 | |
* | SES AI Corp. | 7,730 | 14 |
* | Children's Place Inc. | 692 | 13 |
* | Tile Shop Holdings Inc. | 1,892 | 13 |
* | Selectquote Inc. | 6,723 | 13 |
* | Destination XL Group Inc. | 3,357 | 13 |
* | Petco Health & Wellness Co. Inc. | 4,881 | 13 |
* | BARK Inc. | 10,652 | 13 |
* | Gambling.com Group Ltd. | 1,396 | 13 |
*,1 | Livewire Group Inc. | 1,406 | 13 |
Clarus Corp. | 2,124 | 12 | |
* | Vera Bradley Inc. | 1,521 | 12 |
* | Sportsman's Warehouse Holdings Inc. | 3,203 | 12 |
* | Playtika Holding Corp. | 1,583 | 12 |
* | Outbrain Inc. | 3,144 | 12 |
* | Playstudios Inc. | 5,032 | 12 |
1 | Bowlero Corp. Class A | 969 | 12 |
Nathan's Famous Inc. | 158 | 11 | |
* | Blink Charging Co. | 3,333 | 11 |
* | ThredUP Inc. Class A | 5,564 | 11 |
* | ContextLogic Inc. Class A | 1,765 | 11 |
Weyco Group Inc. | 309 | 10 | |
* | WW International Inc. | 3,267 | 10 |
* | Nerdy Inc. | 3,366 | 10 |
Escalade Inc. | 574 | 9 | |
Rocky Brands Inc. | 352 | 9 | |
Purple Innovation Inc. | 4,588 | 9 | |
Marine Products Corp. | 786 | 9 | |
* | CarParts.com Inc. | 3,721 | 9 |
* | Full House Resorts Inc. | 1,743 | 9 |
*,1 | Fisker Inc. | 12,295 | 9 |
* | Latham Group Inc. | 2,536 | 9 |
* | Snap One Holdings Corp. | 1,146 | 9 |
Shares | Market Value• ($000) | ||
Big Lots Inc. | 1,538 | 8 | |
* | Emerald Holding Inc. | 1,517 | 8 |
* | J Jill Inc. | 326 | 8 |
Cato Corp. Class A | 1,059 | 7 | |
* | Century Casinos Inc. | 2,301 | 7 |
* | Red Robin Gourmet Burgers Inc. | 989 | 7 |
* | VOXX International Corp. | 839 | 7 |
Townsquare Media Inc. Class A | 703 | 7 | |
* | ONE Group Hospitality Inc. | 1,914 | 7 |
* | Traeger Inc. | 3,150 | 7 |
* | Reservoir Media Inc. | 1,024 | 7 |
* | Allbirds Inc. Class A | 7,898 | 7 |
* | Biglari Holdings Inc. Class B | 37 | 6 |
* | Mondee Holdings Inc. | 2,844 | 6 |
Big 5 Sporting Goods Corp. | 1,099 | 5 | |
* | Vuzix Corp. | 3,223 | 5 |
* | Duluth Holdings Inc. Class B | 760 | 4 |
* | Fossil Group Inc. | 3,598 | 4 |
* | Lazydays Holdings Inc. | 759 | 3 |
* | Torrid Holdings Inc. | 617 | 3 |
* | 2U Inc. | 4,423 | 2 |
* | Smith Douglas Homes Corp. | 67 | 2 |
* | Loop Media Inc. | 2,276 | 1 |
492,665 | |||
Consumer Staples (4.5%) | |||
Procter & Gamble Co. | 162,328 | 25,800 | |
Coca-Cola Co. | 268,743 | 16,130 | |
PepsiCo Inc. | 95,121 | 15,727 | |
Philip Morris International Inc. | 107,216 | 9,645 | |
Mondelez International Inc. Class A | 93,864 | 6,859 | |
CVS Health Corp. | 88,420 | 6,576 | |
Altria Group Inc. | 123,183 | 5,039 | |
Colgate-Palmolive Co. | 56,627 | 4,899 | |
McKesson Corp. | 9,361 | 4,881 | |
* | Monster Beverage Corp. | 51,236 | 3,028 |
Sysco Corp. | 35,072 | 2,840 | |
Kimberly-Clark Corp. | 23,174 | 2,808 | |
Constellation Brands Inc. Class A | 11,030 | 2,741 | |
Cencora Inc. | 11,137 | 2,624 | |
Corteva Inc. | 49,002 | 2,623 | |
General Mills Inc. | 40,113 | 2,574 | |
Kenvue Inc. | 119,405 | 2,269 | |
Kroger Co. | 44,895 | 2,227 | |
Keurig Dr Pepper Inc. | 65,317 | 1,954 | |
Archer-Daniels-Midland Co. | 36,752 | 1,952 | |
Hershey Co. | 10,354 | 1,946 | |
Kraft Heinz Co. | 55,138 | 1,945 | |
Church & Dwight Co. Inc. | 16,751 | 1,677 | |
Clorox Co. | 8,499 | 1,303 | |
McCormick & Co. Inc. | 17,278 | 1,190 | |
Walgreens Boots Alliance Inc. | 49,318 | 1,048 | |
Tyson Foods Inc. Class A | 18,958 | 1,028 | |
Lamb Weston Holdings Inc. | 9,980 | 1,020 | |
Kellanova | 17,764 | 980 | |
Bunge Global SA | 9,899 | 934 | |
Conagra Brands Inc. | 32,612 | 916 | |
J M Smucker Co. | 7,019 | 843 |
Shares | Market Value• ($000) | ||
* | Performance Food Group Co. | 10,501 | 806 |
* | Celsius Holdings Inc. | 9,825 | 802 |
* | US Foods Holding Corp. | 15,514 | 788 |
Casey's General Stores Inc. | 2,571 | 783 | |
Brown-Forman Corp. Class B | 12,502 | 753 | |
Molson Coors Beverage Co. Class B | 11,985 | 748 | |
Hormel Foods Corp. | 19,905 | 703 | |
Albertsons Cos. Inc. Class A | 28,851 | 585 | |
Campbell Soup Co. | 13,082 | 558 | |
Ingredion Inc. | 4,464 | 525 | |
* | BellRing Brands Inc. | 8,864 | 505 |
* | Darling Ingredients Inc. | 10,842 | 459 |
* | Sprouts Farmers Market Inc. | 7,156 | 447 |
* | Post Holdings Inc. | 3,614 | 376 |
* | Freshpet Inc. | 3,095 | 350 |
Flowers Foods Inc. | 13,561 | 304 | |
Lancaster Colony Corp. | 1,401 | 290 | |
Coca-Cola Consolidated Inc. | 342 | 288 | |
WD-40 Co. | 948 | 254 | |
* | Simply Good Foods Co. | 6,447 | 229 |
Brown-Forman Corp. Class A | 3,548 | 213 | |
* | Boston Beer Co. Inc. Class A | 671 | 207 |
Spectrum Brands Holdings Inc. | 2,513 | 202 | |
Primo Water Corp. | 11,327 | 184 | |
* | Grocery Outlet Holding Corp. | 6,904 | 178 |
J & J Snack Foods Corp. | 1,126 | 163 | |
Cal-Maine Foods Inc. | 2,743 | 158 | |
Energizer Holdings Inc. | 5,148 | 147 | |
* | TreeHouse Foods Inc. | 3,807 | 136 |
Edgewell Personal Care Co. | 3,521 | 134 | |
Vector Group Ltd. | 10,842 | 121 | |
Reynolds Consumer Products Inc. | 4,004 | 118 | |
Andersons Inc. | 2,097 | 116 | |
* | Pilgrim's Pride Corp. | 2,893 | 92 |
Universal Corp. | 1,926 | 92 | |
* | Chefs' Warehouse Inc. | 2,394 | 91 |
MGP Ingredients Inc. | 1,016 | 87 | |
* | National Beverage Corp. | 1,635 | 86 |
* | Sovos Brands Inc. | 3,728 | 85 |
Utz Brands Inc. | 4,706 | 83 | |
Ingles Markets Inc. Class A | 909 | 70 | |
Weis Markets Inc. | 1,056 | 69 | |
* | Hain Celestial Group Inc. | 6,327 | 63 |
John B Sanfilippo & Son Inc. | 612 | 63 | |
WK Kellogg Co. | 4,215 | 62 | |
* | Herbalife Ltd. | 6,785 | 60 |
B&G Foods Inc. | 5,124 | 59 | |
* | United Natural Foods Inc. | 3,759 | 59 |
Fresh Del Monte Produce Inc. | 2,124 | 51 | |
* | Vita Coco Co. Inc. | 1,938 | 51 |
SpartanNash Co. | 2,338 | 49 | |
* | SunOpta Inc. | 6,889 | 48 |
Seaboard Corp. | 14 | 46 | |
Dole plc | 3,735 | 44 |
Shares | Market Value• ($000) | ||
*,1 | Beyond Meat Inc. | 3,829 | 41 |
Nu Skin Enterprises Inc. Class A | 3,132 | 39 | |
* | USANA Health Sciences Inc. | 790 | 38 |
* | Vital Farms Inc. | 1,875 | 34 |
ACCO Brands Corp. | 5,861 | 33 | |
Calavo Growers Inc. | 1,120 | 32 | |
* | Mission Produce Inc. | 2,930 | 31 |
* | Duckhorn Portfolio Inc. | 3,128 | 30 |
Medifast Inc. | 693 | 28 | |
Turning Point Brands Inc. | 1,062 | 27 | |
Oil-Dri Corp. of America | 301 | 21 | |
Limoneira Co. | 1,084 | 20 | |
* | Beauty Health Co. | 5,520 | 18 |
*,1 | Westrock Coffee Co. | 1,786 | 18 |
* | Waldencast plc Class A | 2,485 | 17 |
* | Seneca Foods Corp. Class A | 320 | 16 |
* | Olaplex Holdings Inc. | 8,126 | 15 |
Village Super Market Inc. Class A | 470 | 13 | |
* | Nature's Sunshine Products Inc. | 687 | 12 |
* | HF Foods Group Inc. | 2,849 | 11 |
Alico Inc. | 381 | 11 | |
* | Brookfield Realty Capital Corp. Class A | 2,584 | 11 |
* | GrowGeneration Corp. | 4,609 | 10 |
Natural Grocers by Vitamin Cottage Inc. | 575 | 9 | |
PetMed Express Inc. | 1,610 | 8 | |
* | Forafric Global plc | 599 | 6 |
* | Benson Hill Inc. | 12,664 | 3 |
152,618 | |||
Energy (3.9%) | |||
Exxon Mobil Corp. | 279,399 | 29,203 | |
Chevron Corp. | 118,750 | 18,051 | |
ConocoPhillips | 82,770 | 9,315 | |
Schlumberger NV | 98,178 | 4,745 | |
EOG Resources Inc. | 40,649 | 4,653 | |
Marathon Petroleum Corp. | 26,222 | 4,438 | |
Phillips 66 | 30,746 | 4,382 | |
Pioneer Natural Resources Co. | 16,080 | 3,782 | |
Valero Energy Corp. | 23,365 | 3,305 | |
ONEOK Inc. | 40,276 | 3,025 | |
Williams Cos. Inc. | 84,127 | 3,023 | |
Occidental Petroleum Corp. | 47,553 | 2,882 | |
Hess Corp. | 19,135 | 2,789 | |
Cheniere Energy Inc. | 16,511 | 2,562 | |
Kinder Morgan Inc. | 134,666 | 2,342 | |
Diamondback Energy Inc. | 12,241 | 2,234 | |
Halliburton Co. | 61,673 | 2,163 | |
Baker Hughes Co. | 69,685 | 2,062 | |
Devon Energy Corp. | 43,957 | 1,937 | |
Targa Resources Corp. | 15,202 | 1,493 | |
Coterra Energy Inc. | 51,138 | 1,318 | |
* | Enphase Energy Inc. | 9,114 | 1,158 |
* | First Solar Inc. | 7,285 | 1,121 |
Marathon Oil Corp. | 41,656 | 1,010 | |
EQT Corp. | 24,748 | 919 | |
Ovintiv Inc. (XNYS) | 17,629 | 871 | |
Chesapeake Energy Corp. | 8,668 | 718 | |
Texas Pacific Land Corp. | 430 | 677 | |
TechnipFMC plc | 29,682 | 644 | |
APA Corp. | 21,063 | 627 |
Shares | Market Value• ($000) | ||
HF Sinclair Corp. | 9,924 | 551 | |
* | Southwestern Energy Co. | 74,809 | 521 |
Range Resources Corp. | 15,975 | 505 | |
* | Antero Resources Corp. | 19,630 | 504 |
* | Weatherford International plc | 4,801 | 493 |
Matador Resources Co. | 7,695 | 486 | |
* | NEXTracker Inc. Class A | 8,462 | 476 |
Chord Energy Corp. | 2,888 | 469 | |
NOV Inc. | 27,273 | 461 | |
ChampionX Corp. | 13,155 | 409 | |
Permian resources Corp. | 26,176 | 407 | |
Murphy Oil Corp. | 10,070 | 399 | |
DTE Midstream LLC | 6,742 | 389 | |
Civitas Resources Inc. | 5,428 | 373 | |
PBF Energy Inc. Class A | 7,785 | 364 | |
SM Energy Co. | 8,287 | 363 | |
Antero Midstream Corp. | 23,887 | 320 | |
Noble Corp. plc | 7,552 | 316 | |
Equitrans Midstream Corp. | 29,144 | 312 | |
Alpha Metallurgical Resources Inc. | 804 | 303 | |
Magnolia Oil & Gas Corp. Class A | 12,769 | 290 | |
Patterson-UTI Energy Inc. | 25,012 | 289 | |
Arcosa Inc. | 3,392 | 282 | |
Helmerich & Payne Inc. | 6,989 | 268 | |
* | Valaris Ltd. | 4,227 | 266 |
California Resources Corp. | 4,997 | 261 | |
Liberty Energy Inc. | 10,917 | 233 | |
* | Tidewater Inc. | 3,292 | 231 |
Northern Oil & Gas Inc. | 6,269 | 224 | |
* | CNX Resources Corp. | 10,619 | 222 |
Cactus Inc. Class A | 4,679 | 215 | |
Warrior Met Coal Inc. | 3,593 | 205 | |
Arch Resources Inc. | 1,243 | 205 | |
* | Kosmos Energy Ltd. | 33,101 | 203 |
Peabody Energy Corp. | 8,041 | 199 | |
CONSOL Energy Inc. | 2,161 | 185 | |
Archrock Inc. | 9,838 | 180 | |
New Fortress Energy Inc. | 4,722 | 166 | |
* | Shoals Technologies Group Inc. Class A | 12,236 | 157 |
* | Seadrill Ltd. | 3,533 | 149 |
* | Array Technologies Inc. | 10,772 | 147 |
Golar LNG Ltd. | 7,214 | 146 | |
* | Oceaneering International Inc. | 7,282 | 144 |
*,1 | Plug Power Inc. | 37,293 | 132 |
* | Par Pacific Holdings Inc. | 3,618 | 131 |
* | Callon Petroleum Co. | 4,095 | 128 |
* | Talos Energy Inc. | 9,614 | 127 |
Sitio Royalties Corp. Class A | 5,241 | 120 | |
Delek US Holdings Inc. | 4,551 | 116 | |
* | Gulfport Energy Corp. | 781 | 111 |
* | Expro Group Holdings NV | 5,953 | 106 |
* | DNOW Inc. | 6,970 | 99 |
Borr Drilling Ltd. | 14,480 | 87 | |
* | Helix Energy Solutions Group Inc. | 9,598 | 86 |
World Kinect Corp. | 3,489 | 85 | |
* | Green Plains Inc. | 3,953 | 84 |
* | Vital Energy Inc. | 1,568 | 79 |
* | Diamond Offshore Drilling Inc. | 6,904 | 77 |
CVR Energy Inc. | 1,957 | 65 |
Shares | Market Value• ($000) | ||
* | MRC Global Inc. | 5,259 | 61 |
* | Fluence Energy Inc. | 3,943 | 60 |
SunCoke Energy Inc. | 5,545 | 59 | |
Crescent Energy Co. Class A | 5,325 | 59 | |
Comstock Resources Inc. | 6,156 | 53 | |
RPC Inc. | 7,190 | 53 | |
* | Dril-Quip Inc. | 2,296 | 52 |
* | ProPetro Holding Corp. | 6,740 | 50 |
* | Nabors Industries Ltd. (XNYS) | 622 | 49 |
* | Ameresco Inc. Class A | 2,173 | 46 |
* | REX American Resources Corp. | 1,037 | 46 |
Select Water Solutions Inc. | 5,314 | 45 | |
Core Laboratories Inc. | 2,925 | 44 | |
Kinetik Holdings Inc. | 1,169 | 41 | |
* | ChargePoint Holdings Inc. | 19,853 | 41 |
* | SilverBow Resources Inc. | 1,427 | 40 |
* | Bristow Group Inc. | 1,474 | 40 |
* | FuelCell Energy Inc. | 31,959 | 38 |
Vitesse Energy Inc. | 1,609 | 37 | |
Berry Corp. | 4,683 | 33 | |
* | Newpark Resources Inc. | 5,019 | 32 |
* | Centrus Energy Corp. Class A | 768 | 31 |
* | TETRA Technologies Inc. | 7,987 | 31 |
VAALCO Energy Inc. | 7,002 | 31 | |
SandRidge Energy Inc. | 2,266 | 30 | |
*,1 | Tellurian Inc. | 33,460 | 27 |
Kodiak Gas Services Inc. | 1,029 | 26 | |
* | NextDecade Corp. | 5,484 | 25 |
* | Montauk Renewables Inc. | 4,337 | 25 |
* | Stem Inc. | 9,025 | 24 |
* | Oil States International Inc. | 4,101 | 22 |
* | EVgo Inc. | 6,999 | 21 |
* | DMC Global Inc. | 1,215 | 20 |
Atlas Energy Solutions Inc. | 985 | 19 | |
* | SunPower Corp. | 5,687 | 18 |
Granite Ridge Resources Inc. | 2,861 | 18 | |
Ramaco Resources Inc. Class A | 1,002 | 18 | |
W&T Offshore Inc. | 5,569 | 17 | |
* | SEACOR Marine Holdings Inc. | 1,488 | 16 |
Solaris Oilfield Infrastructure Inc. Class A | 1,951 | 16 | |
*,1 | Solid Power Inc. | 9,314 | 15 |
* | Amplify Energy Corp. | 2,289 | 14 |
* | ProFrac Holding Corp. Class A | 1,689 | 14 |
* | Gevo Inc. | 14,728 | 13 |
* | Ring Energy Inc. | 8,850 | 13 |
Riley Exploration Permian Inc. | 553 | 13 | |
* | Forum Energy Technologies Inc. | 602 | 12 |
Evolution Petroleum Corp. | 1,919 | 11 | |
* | Hallador Energy Co. | 1,420 | 11 |
HighPeak Energy Inc. | 644 | 11 | |
Ranger Energy Services Inc. | 935 | 10 | |
* | Energy Vault Holdings Inc. | 6,124 | 10 |
* | Maxeon Solar Technologies Ltd. | 2,078 | 8 |
* | TPI Composites Inc. | 2,617 | 7 |
Shares | Market Value• ($000) | ||
* | PrimeEnergy Resources Corp. | 70 | 7 |
Ramaco Resources Inc. Class B | 551 | 7 | |
* | KLX Energy Services Holdings Inc. | 802 | 6 |
* | Empire Petroleum Corp. | 1,016 | 6 |
* | Mammoth Energy Services Inc. | 1,431 | 5 |
* | FTC Solar Inc. | 4,875 | 2 |
* | Enviva Inc. | 1,918 | 1 |
133,980 | |||
Financials (10.8%) | |||
* | Berkshire Hathaway Inc. Class B | 126,290 | 51,703 |
JPMorgan Chase & Co. | 199,110 | 37,046 | |
Bank of America Corp. | 475,661 | 16,420 | |
Wells Fargo & Co. | 253,250 | 14,078 | |
S&P Global Inc. | 22,132 | 9,481 | |
Goldman Sachs Group Inc. | 22,032 | 8,572 | |
BlackRock Inc. | 10,270 | 8,332 | |
Progressive Corp. | 40,330 | 7,645 | |
Citigroup Inc. | 131,987 | 7,324 | |
Morgan Stanley | 83,116 | 7,151 | |
Chubb Ltd. | 27,999 | 7,046 | |
Marsh & McLennan Cos. Inc. | 34,142 | 6,906 | |
Charles Schwab Corp. | 102,375 | 6,837 | |
Blackstone Inc. | 49,286 | 6,300 | |
CME Group Inc. | 24,782 | 5,461 | |
Intercontinental Exchange Inc. | 39,075 | 5,409 | |
US Bancorp | 107,856 | 4,526 | |
KKR & Co. Inc. | 45,695 | 4,490 | |
Aon plc Class A (XNYS) | 13,696 | 4,328 | |
Moody's Corp. | 10,964 | 4,160 | |
PNC Financial Services Group Inc. | 27,534 | 4,053 | |
Apollo Global Management Inc. | 36,104 | 4,036 | |
American International Group Inc. | 49,153 | 3,583 | |
Arthur J Gallagher & Co. | 14,567 | 3,553 | |
Travelers Cos. Inc. | 15,733 | 3,476 | |
Aflac Inc. | 40,737 | 3,289 | |
Truist Financial Corp. | 91,182 | 3,190 | |
MetLife Inc. | 43,558 | 3,038 | |
Bank of New York Mellon Corp. | 53,222 | 2,985 | |
MSCI Inc. | 5,289 | 2,967 | |
Allstate Corp. | 18,049 | 2,879 | |
Ameriprise Financial Inc. | 7,046 | 2,870 | |
Prudential Financial Inc. | 24,910 | 2,715 | |
* | Coinbase Global Inc. Class A | 11,645 | 2,370 |
* | Arch Capital Group Ltd. | 24,550 | 2,150 |
Discover Financial Services | 17,139 | 2,069 | |
Hartford Financial Services Group Inc. | 20,264 | 1,942 | |
Willis Towers Watson plc | 7,082 | 1,931 | |
* | NU Holdings Ltd. Class A | 160,271 | 1,776 |
T Rowe Price Group Inc. | 15,143 | 1,716 | |
Broadridge Financial Solutions Inc. | 8,030 | 1,635 | |
Fifth Third Bancorp | 46,458 | 1,595 | |
M&T Bank Corp. | 11,341 | 1,585 |
Shares | Market Value• ($000) | ||
Raymond James Financial Inc. | 12,979 | 1,562 | |
State Street Corp. | 21,151 | 1,559 | |
Ares Management Corp. Class A | 11,259 | 1,493 | |
LPL Financial Holdings Inc. | 5,180 | 1,388 | |
Cboe Global Markets Inc. | 7,206 | 1,384 | |
* | Markel Group Inc. | 919 | 1,372 |
Brown & Brown Inc. | 16,237 | 1,367 | |
Principal Financial Group Inc. | 16,534 | 1,337 | |
Nasdaq Inc. | 23,507 | 1,321 | |
Huntington Bancshares Inc. | 98,026 | 1,278 | |
FactSet Research Systems Inc. | 2,650 | 1,226 | |
Cincinnati Financial Corp. | 10,534 | 1,201 | |
Regions Financial Corp. | 64,086 | 1,194 | |
First Citizens BancShares Inc. Class A | 746 | 1,174 | |
Northern Trust Corp. | 14,105 | 1,158 | |
W R Berkley Corp. | 13,750 | 1,149 | |
Everest Group Ltd. | 2,941 | 1,085 | |
Citizens Financial Group Inc. | 31,875 | 1,001 | |
Loews Corp. | 12,612 | 948 | |
KeyCorp | 63,527 | 907 | |
Fidelity National Financial Inc. | 17,803 | 900 | |
Tradeweb Markets Inc. Class A | 7,867 | 832 | |
Equitable Holdings Inc. | 23,655 | 810 | |
Reinsurance Group of America Inc. | 4,576 | 809 | |
Kinsale Capital Group Inc. | 1,502 | 775 | |
RenaissanceRe Holdings Ltd. | 3,446 | 775 | |
Interactive Brokers Group Inc. Class A | 7,086 | 770 | |
Globe Life Inc. | 6,021 | 764 | |
* | Robinhood Markets Inc. Class A | 45,874 | 748 |
East West Bancorp Inc. | 9,609 | 700 | |
Ally Financial Inc. | 18,562 | 687 | |
Unum Group | 13,659 | 675 | |
Carlyle Group Inc. | 14,576 | 668 | |
Assurant Inc. | 3,614 | 656 | |
Annaly Capital Management Inc. | 34,034 | 650 | |
American Financial Group Inc. | 4,987 | 637 | |
Primerica Inc. | 2,421 | 594 | |
* | SoFi Technologies Inc. | 63,774 | 573 |
Blue Owl Capital Inc. | 31,024 | 557 | |
Webster Financial Corp. | 11,603 | 553 | |
MarketAxess Holdings Inc. | 2,528 | 539 | |
Franklin Resources Inc. | 19,587 | 538 | |
First Horizon Corp. | 37,739 | 532 | |
Morningstar Inc. | 1,752 | 523 | |
XP Inc. Class A | 22,118 | 523 | |
Old Republic International Corp. | 17,996 | 521 | |
Jefferies Financial Group Inc. | 12,306 | 515 | |
Stifel Financial Corp. | 6,746 | 512 | |
SEI Investments Co. | 6,872 | 462 | |
Evercore Inc. Class A | 2,446 | 458 | |
Voya Financial Inc. | 6,663 | 455 |
Shares | Market Value• ($000) | ||
Houlihan Lokey Inc. | 3,511 | 452 | |
Comerica Inc. | 8,938 | 441 | |
Cullen/Frost Bankers Inc. | 4,013 | 435 | |
Selective Insurance Group Inc. | 4,166 | 435 | |
AGNC Investment Corp. | 44,937 | 430 | |
Commerce Bancshares Inc. | 8,162 | 425 | |
Western Alliance Bancorp | 7,342 | 424 | |
Pinnacle Financial Partners Inc. | 5,104 | 422 | |
SouthState Corp. | 5,012 | 421 | |
RLI Corp. | 2,851 | 418 | |
Starwood Property Trust Inc. | 20,515 | 418 | |
Popular Inc. | 4,893 | 409 | |
First American Financial Corp. | 6,834 | 399 | |
Corebridge Financial Inc. | 15,933 | 396 | |
Wintrust Financial Corp. | 4,060 | 391 | |
Invesco Ltd. | 25,350 | 391 | |
Zions Bancorp NA | 9,876 | 389 | |
Essent Group Ltd. | 7,246 | 388 | |
Affiliated Managers Group Inc. | 2,405 | 376 | |
Synovus Financial Corp. | 9,780 | 371 | |
Assured Guaranty Ltd. | 4,032 | 369 | |
MGIC Investment Corp. | 18,516 | 368 | |
* | Marathon Digital Holdings Inc. | 14,209 | 368 |
Prosperity Bancshares Inc. | 5,871 | 366 | |
Rithm Capital Corp. | 33,189 | 360 | |
OneMain Holdings Inc. | 7,573 | 358 | |
* | Ryan Specialty Holdings Inc. | 6,746 | 353 |
Axis Capital Holdings Ltd. | 5,514 | 345 | |
Cadence Bank | 12,269 | 340 | |
FNB Corp. | 24,790 | 331 | |
Hanover Insurance Group Inc. | 2,512 | 330 | |
SLM Corp. | 15,822 | 330 | |
* | Mr Cooper Group Inc. | 4,554 | 325 |
Lincoln National Corp. | 11,650 | 321 | |
Old National Bancorp | 19,538 | 321 | |
Radian Group Inc. | 10,980 | 320 | |
White Mountains Insurance Group Ltd. | 180 | 318 | |
Bank OZK | 7,188 | 315 | |
United Bankshares Inc. | 9,094 | 315 | |
Home BancShares Inc. | 13,189 | 309 | |
Jackson Financial Inc. Class A | 5,506 | 303 | |
FirstCash Holdings Inc. | 2,609 | 299 | |
Lazard Inc. | 7,752 | 299 | |
Glacier Bancorp Inc. | 7,858 | 294 | |
Janus Henderson Group plc | 9,397 | 293 | |
* | American Equity Investment Life Holding Co. | 5,233 | 291 |
First Financial Bankshares Inc. | 9,398 | 291 | |
Hamilton Lane Inc. Class A | 2,497 | 287 | |
Hancock Whitney Corp. | 6,121 | 267 | |
Columbia Banking System Inc. | 14,234 | 258 | |
UMB Financial Corp. | 3,138 | 256 | |
Moelis & Co. Class A | 4,693 | 254 |
Shares | Market Value• ($000) | ||
Blackstone Mortgage Trust Inc. Class A | 12,425 | 253 | |
* | Credit Acceptance Corp. | 448 | 248 |
Kemper Corp. | 4,327 | 248 | |
* | Enstar Group Ltd. | 806 | 248 |
Valley National Bancorp | 29,841 | 244 | |
Piper Sandler Cos. | 1,262 | 238 | |
New York Community Bancorp Inc. | 49,476 | 237 | |
TPG Inc. | 5,229 | 232 | |
ServisFirst Bancshares Inc. | 3,587 | 227 | |
* | Brighthouse Financial Inc. | 4,784 | 223 |
Associated Banc-Corp. | 10,639 | 222 | |
Ameris Bancorp | 4,761 | 221 | |
United Community Banks Inc. | 8,388 | 218 | |
Walker & Dunlop Inc. | 2,262 | 216 | |
CNO Financial Group Inc. | 7,872 | 210 | |
First BanCorp (XNYS) | 12,348 | 210 | |
* | Genworth Financial Inc. Class A | 33,169 | 204 |
International Bancshares Corp. | 3,869 | 201 | |
* | Texas Capital Bancshares Inc. | 3,401 | 199 |
Cathay General Bancorp | 5,082 | 198 | |
* | Axos Financial Inc. | 3,698 | 193 |
First Hawaiian Inc. | 9,169 | 192 | |
WSFS Financial Corp. | 4,476 | 190 | |
* | Riot Platforms Inc. | 13,364 | 189 |
Atlantic Union Bankshares Corp. | 5,539 | 184 | |
Artisan Partners Asset Management Inc. Class A | 4,253 | 183 | |
Fulton Financial Corp. | 11,681 | 180 | |
* | NMI Holdings Inc. Class A | 5,957 | 179 |
BGC Group Inc. Class A | 25,524 | 177 | |
1 | Arbor Realty Trust Inc. | 13,146 | 176 |
* | Oscar Health Inc. Class A | 10,824 | 176 |
PJT Partners Inc. Class A | 1,661 | 175 | |
Community Bank System Inc. | 3,791 | 172 | |
Simmons First National Corp. Class A | 8,968 | 172 | |
Bank of Hawaii Corp. | 2,785 | 168 | |
Independent Bank Corp. (XNGS) | 3,179 | 166 | |
CVB Financial Corp. | 9,572 | 163 | |
First Interstate BancSystem Inc. Class A | 6,121 | 161 | |
BOK Financial Corp. | 1,869 | 159 | |
PennyMac Financial Services Inc. | 1,858 | 158 | |
Pacific Premier Bancorp Inc. | 6,830 | 156 | |
First Financial Bancorp | 6,907 | 150 | |
First Merchants Corp. | 4,498 | 149 | |
* | Bancorp Inc. | 3,301 | 147 |
Seacoast Banking Corp. of Florida | 6,109 | 147 | |
Towne Bank | 5,346 | 145 | |
BankUnited Inc. | 5,382 | 144 | |
Eastern Bankshares Inc. | 11,042 | 143 | |
BancFirst Corp. | 1,611 | 141 | |
Park National Corp. | 1,083 | 139 | |
Cohen & Steers Inc. | 1,880 | 138 | |
WaFd Inc. | 4,960 | 135 |
Shares | Market Value• ($000) | ||
Apollo Commercial Real Estate Finance Inc. | 11,922 | 134 | |
Renasant Corp. | 4,235 | 134 | |
* | Upstart Holdings Inc. | 5,153 | 133 |
WesBanco Inc. | 4,457 | 129 | |
* | Palomar Holdings Inc. | 1,656 | 126 |
* | Enova International Inc. | 1,972 | 125 |
Horace Mann Educators Corp. | 3,413 | 124 | |
* | StoneX Group Inc. | 1,792 | 124 |
Trustmark Corp. | 4,578 | 123 | |
StepStone Group Inc. Class A | 3,548 | 123 | |
Banc of California Inc. | 8,239 | 121 | |
Compass Diversified Holdings | 5,239 | 120 | |
Federal Agricultural Mortgage Corp. Class C | 654 | 117 | |
Stewart Information Services Corp. | 1,820 | 115 | |
NBT Bancorp Inc. | 3,314 | 114 | |
OFG Bancorp | 3,153 | 114 | |
* | BRP Group Inc. Class A | 4,098 | 114 |
Independent Bank Group Inc. | 2,568 | 112 | |
Virtu Financial Inc. Class A | 6,167 | 111 | |
Banner Corp. | 2,520 | 110 | |
First Bancorp (XNGS) | 3,207 | 109 | |
* | Goosehead Insurance Inc. Class A | 1,446 | 109 |
Heartland Financial USA Inc. | 3,219 | 109 | |
* | Triumph Financial Inc. | 1,444 | 108 |
Lakeland Financial Corp. | 1,660 | 106 | |
Ready Capital Corp. | 11,972 | 106 | |
Virtus Investment Partners Inc. | 457 | 106 | |
* | Customers Bancorp Inc. | 1,924 | 104 |
* | Cannae Holdings Inc. | 4,700 | 103 |
Stock Yards Bancorp Inc. | 2,238 | 103 | |
City Holding Co. | 1,002 | 101 | |
* | Rocket Cos. Inc. Class A | 7,966 | 100 |
Employers Holdings Inc. | 2,132 | 97 | |
Enterprise Financial Services Corp. | 2,396 | 96 | |
Northwest Bancshares Inc. | 8,355 | 96 | |
Bank of NT Butterfield & Son Ltd. | 3,146 | 94 | |
Hilltop Holdings Inc. | 3,010 | 93 | |
Nelnet Inc. Class A | 1,073 | 92 | |
Live Oak Bancshares Inc. | 2,268 | 90 | |
Mercury General Corp. | 1,843 | 90 | |
First Commonwealth Financial Corp. | 6,671 | 87 | |
Pathward Financial Inc. | 1,716 | 87 | |
CNA Financial Corp. | 1,950 | 86 | |
Hope Bancorp Inc. | 7,853 | 86 | |
Provident Financial Services Inc. | 5,705 | 86 | |
National Bank Holdings Corp. Class A | 2,467 | 83 | |
Navient Corp. | 5,112 | 83 | |
PennyMac Mortgage Investment Trust | 5,883 | 83 | |
Two Harbors Investment Corp. | 6,559 | 83 | |
* | Encore Capital Group Inc. | 1,713 | 82 |
S&T Bancorp Inc. | 2,574 | 80 |
Shares | Market Value• ($000) | ||
Westamerica BanCorp | 1,756 | 80 | |
Ladder Capital Corp. | 7,313 | 79 | |
FB Financial Corp. | 2,203 | 78 | |
Safety Insurance Group Inc. | 935 | 77 | |
WisdomTree Inc. | 9,555 | 77 | |
First Busey Corp. | 3,314 | 76 | |
* | Trupanion Inc. | 2,718 | 73 |
MFA Financial Inc. REIT | 6,487 | 73 | |
National Western Life Group Inc. Class A | 147 | 71 | |
* | PRA Group Inc. | 2,693 | 69 |
AMERISAFE Inc. | 1,294 | 68 | |
Nicolet Bankshares Inc. | 859 | 68 | |
TriCo Bancshares | 2,026 | 68 | |
Franklin BSP Realty Trust Inc. REIT | 5,261 | 68 | |
Chimera Investment Corp. | 15,351 | 67 | |
Preferred Bank | 898 | 65 | |
Berkshire Hills Bancorp Inc. | 2,960 | 64 | |
Peoples Bancorp Inc. | 2,292 | 64 | |
QCR Holdings Inc. | 1,113 | 63 | |
Brightspire Capital Inc. | 9,028 | 62 | |
Claros Mortgage Trust Inc. | 6,364 | 62 | |
Stellar Bancorp Inc. | 2,573 | 61 | |
OceanFirst Financial Corp. | 3,921 | 60 | |
* | LendingClub Corp. | 7,291 | 59 |
Origin Bancorp Inc. | 1,976 | 59 | |
* | Skyward Specialty Insurance Group Inc. | 1,602 | 59 |
1st Source Corp. | 1,173 | 58 | |
Southside Bancshares Inc. | 2,021 | 58 | |
* | SiriusPoint Ltd. | 4,725 | 58 |
Bank First Corp. | 655 | 57 | |
Patria Investments Ltd. Class A | 3,815 | 57 | |
* | Assetmark Financial Holdings Inc. | 1,571 | 56 |
Victory Capital Holdings Inc. Class A | 1,464 | 56 | |
Brookline Bancorp Inc. | 5,483 | 54 | |
Veritex Holdings Inc. | 2,773 | 54 | |
*,1 | Lemonade Inc. | 3,319 | 54 |
Banco Latinoamericano de Comercio Exterior SA Class E | 1,901 | 53 | |
Enact Holdings Inc. | 1,914 | 53 | |
First Bancshares Inc. | 2,050 | 51 | |
Capitol Federal Financial Inc. | 8,703 | 50 | |
Ellington Financial Inc. | 4,457 | 50 | |
German American Bancorp Inc. | 1,590 | 50 | |
Brightsphere Investment Group Inc. | 2,186 | 50 | |
Byline Bancorp Inc. | 2,329 | 49 | |
ARMOUR Residential REIT Inc. | 2,463 | 49 | |
Dynex Capital Inc. | 3,906 | 48 | |
First Mid Bancshares Inc. | 1,575 | 48 | |
Lakeland Bancorp Inc. | 4,088 | 48 | |
* | Open Lending Corp. Class A | 6,603 | 48 |
F&G Annuities & Life Inc. | 1,281 | 48 | |
* | Ambac Financial Group Inc. | 2,808 | 46 |
ConnectOne Bancorp Inc. | 2,339 | 46 | |
Redwood Trust Inc. | 7,538 | 46 | |
TFS Financial Corp. | 3,581 | 46 |
Shares | Market Value• ($000) | ||
Premier Financial Corp. | 2,385 | 46 | |
Great Southern Bancorp Inc. | 868 | 45 | |
Heritage Financial Corp. | 2,471 | 45 | |
Sandy Spring Bancorp Inc. | 2,030 | 45 | |
Eagle Bancorp Inc. | 1,837 | 44 | |
Univest Financial Corp. | 2,187 | 44 | |
Dime Community Bancshares Inc. | 2,343 | 44 | |
New York Mortgage Trust Inc. | 6,157 | 44 | |
Merchants Bancorp | 997 | 43 | |
ProAssurance Corp. | 3,457 | 43 | |
HCI Group Inc. | 435 | 42 | |
Midland States Bancorp Inc. | 1,718 | 42 | |
* | CrossFirst Bankshares Inc. | 3,276 | 42 |
Community Trust Bancorp Inc. | 1,034 | 41 | |
Mercantile Bank Corp. | 1,124 | 41 | |
Perella Weinberg Partners | 3,034 | 41 | |
First Community Bankshares Inc. | 1,205 | 40 | |
KKR Real Estate Finance Trust Inc. | 4,048 | 39 | |
Horizon Bancorp Inc. | 3,118 | 38 | |
Republic Bancorp Inc. Class A | 774 | 38 | |
Business First Bancshares Inc. | 1,666 | 37 | |
Old Second Bancorp Inc. | 2,752 | 37 | |
TPG RE Finance Trust Inc. | 4,907 | 37 | |
UWM Holdings Corp. | 5,734 | 37 | |
Amerant Bancorp Inc. | 1,698 | 36 | |
Brookfield Business Corp. Class A | 1,586 | 36 | |
Independent Bank Corp. | 1,446 | 35 | |
United Fire Group Inc. | 1,498 | 35 | |
Cambridge Bancorp | 528 | 33 | |
Camden National Corp. | 1,040 | 33 | |
Central Pacific Financial Corp. | 1,744 | 33 | |
* | World Acceptance Corp. | 274 | 33 |
* | Columbia Financial Inc. | 1,926 | 32 |
First Financial Corp. | 853 | 32 | |
Hanmi Financial Corp. | 2,136 | 32 | |
Tompkins Financial Corp. | 664 | 32 | |
First Foundation Inc. | 3,967 | 31 | |
Heritage Commerce Corp. | 3,766 | 31 | |
* | Coastal Financial Corp. | 801 | 31 |
American National Bankshares Inc. | 658 | 30 | |
Farmers National Banc Corp. | 2,219 | 30 | |
Amalgamated Financial Corp. | 1,283 | 30 | |
TrustCo Bank Corp. NY | 1,112 | 30 | |
Diamond Hill Investment Group Inc. | 198 | 29 | |
Equity Bancshares Inc. Class A | 867 | 28 | |
HarborOne Bancorp Inc. | 2,781 | 28 | |
* | LendingTree Inc. | 711 | 28 |
Northfield Bancorp Inc. | 2,767 | 28 | |
Universal Insurance Holdings Inc. | 1,385 | 28 | |
Alerus Financial Corp. | 1,281 | 28 | |
1 | B Riley Financial Inc. | 1,478 | 27 |
Shares | Market Value• ($000) | ||
Bar Harbor Bankshares | 1,058 | 27 | |
Capital City Bank Group Inc. | 954 | 27 | |
Southern Missouri Bancorp Inc. | 619 | 27 | |
CNB Financial Corp. | 1,305 | 26 | |
Tiptree Inc. | 1,513 | 26 | |
Washington Trust Bancorp Inc. | 1,021 | 26 | |
Kearny Financial Corp. | 3,943 | 25 | |
* | Metropolitan Bank Holding Corp. | 631 | 25 |
MidWestOne Financial Group Inc. | 1,027 | 24 | |
Northeast Bank | 457 | 24 | |
Peapack-Gladstone Financial Corp. | 998 | 24 | |
James River Group Holdings Ltd. | 2,391 | 24 | |
GCM Grosvenor Inc. Class A | 2,814 | 24 | |
P10 Inc. Class A | 2,574 | 24 | |
Invesco Mortgage Capital Inc. REIT | 2,621 | 24 | |
Arrow Financial Corp. | 959 | 23 | |
HomeTrust Bancshares Inc. | 892 | 23 | |
Shore Bancshares Inc. | 1,990 | 23 | |
* | Greenlight Capital Re Ltd. Class A | 1,800 | 23 |
Citizens & Northern Corp. | 1,172 | 22 | |
RBB Bancorp | 1,256 | 22 | |
Esquire Financial Holdings Inc. | 443 | 22 | |
Burke & Herbert Financial Services Corp. | 397 | 22 | |
First Bank | 1,598 | 21 | |
Flushing Financial Corp. | 1,658 | 21 | |
Home Bancorp Inc. | 569 | 21 | |
* | MBIA Inc. | 3,232 | 21 |
Peoples Financial Services Corp. | 513 | 21 | |
* | Southern First Bancshares Inc. | 624 | 21 |
Financial Institutions Inc. | 1,084 | 20 | |
HomeStreet Inc. | 1,444 | 20 | |
Summit Financial Group Inc. | 747 | 20 | |
* | American Coastal Insurance Corp. Class C | 1,455 | 20 |
Capstar Financial Holdings Inc. | 1,088 | 20 | |
* | Carter Bankshares Inc. | 1,543 | 20 |
* | Third Coast Bancshares Inc. | 1,027 | 20 |
Bank of Marin Bancorp | 1,117 | 19 | |
* | Bridgewater Bancshares Inc. | 1,592 | 19 |
Farmers & Merchants Bancorp Inc. | 957 | 19 | |
First Bancorp Inc. (XNGS) | 822 | 19 | |
Guaranty Bancshares Inc. | 672 | 19 | |
SmartFinancial Inc. | 900 | 19 | |
West BanCorp Inc. | 1,089 | 19 | |
Mid Penn Bancorp Inc. | 888 | 19 | |
Metrocity Bankshares Inc. | 784 | 19 | |
South Plains Financial Inc. | 706 | 19 | |
Red River Bancshares Inc. | 373 | 19 | |
Five Star Bancorp | 802 | 19 |
Shares | Market Value• ($000) | ||
First of Long Island Corp. | 1,596 | 18 | |
Granite Point Mortgage Trust Inc. | 3,708 | 18 | |
HBT Financial Inc. | 942 | 18 | |
Civista Bancshares Inc. | 1,128 | 17 | |
* | FVCBankcorp Inc. | 1,374 | 17 |
ACNB Corp. | 478 | 17 | |
NewtekOne Inc. | 1,454 | 17 | |
Donegal Group Inc. Class A | 1,136 | 16 | |
First Business Financial Services Inc. | 444 | 16 | |
Northrim BanCorp Inc. | 326 | 16 | |
Timberland Bancorp Inc. | 615 | 16 | |
Primis Financial Corp. | 1,278 | 16 | |
* | Blue Foundry Bancorp | 1,711 | 16 |
Chicago Atlantic Real Estate Finance Inc. | 976 | 16 | |
John Marshall Bancorp Inc. | 924 | 16 | |
* | eHealth Inc. | 2,270 | 15 |
Enterprise Bancorp Inc. | 556 | 15 | |
Orrstown Financial Services Inc. | 547 | 15 | |
Macatawa Bank Corp. | 1,484 | 15 | |
Capital Bancorp Inc. | 706 | 15 | |
Ames National Corp. | 785 | 15 | |
* | Fidelis Insurance Holdings Ltd. | 998 | 15 |
Hingham Institution for Savings | 83 | 14 | |
Sierra Bancorp | 752 | 14 | |
Waterstone Financial Inc. | 1,100 | 14 | |
Orange County Bancorp Inc. | 298 | 14 | |
* | Forge Global Holdings Inc. | 6,863 | 14 |
BCB Bancorp Inc. | 1,278 | 13 | |
BayCom Corp. | 639 | 13 | |
MVB Financial Corp. | 603 | 13 | |
Fidelity D&D Bancorp Inc. | 269 | 13 | |
FS Bancorp Inc. | 353 | 12 | |
Norwood Financial Corp. | 423 | 12 | |
Greene County Bancorp Inc. | 436 | 12 | |
Colony Bankcorp Inc. | 1,100 | 12 | |
NexPoint Diversified Real Estate Trust | 1,890 | 12 | |
Citizens Financial Services Inc. | 262 | 12 | |
Codorus Valley Bancorp Inc. | 476 | 11 | |
ESSA Bancorp Inc. | 624 | 11 | |
Middlefield Banc Corp. | 448 | 11 | |
Plumas Bancorp | 319 | 11 | |
AFC Gamma Inc. | 979 | 11 | |
Northeast Community Bancorp Inc. | 722 | 11 | |
C&F Financial Corp. | 186 | 10 | |
Central Valley Community Bancorp | 562 | 10 | |
Crawford & Co. Class A | 861 | 10 | |
Investors Title Co. | 63 | 10 | |
National Bankshares Inc. | 321 | 10 | |
PCB Bancorp | 605 | 10 | |
Regional Management Corp. | 447 | 10 | |
Unity Bancorp Inc. | 361 | 10 | |
ChoiceOne Financial Services Inc. | 384 | 10 | |
* | Ocwen Financial Corp. | 403 | 10 |
Shares | Market Value• ($000) | ||
Southern States Bancshares Inc. | 397 | 10 | |
Orchid Island Capital Inc. | 1,109 | 10 | |
* | Hippo Holdings Inc. | 685 | 10 |
Parke Bancorp Inc. | 518 | 9 | |
Oak Valley Bancorp | 375 | 9 | |
Silvercrest Asset Management Group Inc. Class A | 521 | 9 | |
Angel Oak Mortgage REIT Inc. | 891 | 9 | |
* | Ponce Financial Group Inc. | 1,061 | 9 |
Evans Bancorp Inc. | 268 | 8 | |
LCNB Corp. | 557 | 8 | |
* | Sterling Bancorp Inc. | 1,575 | 8 |
Bank7 Corp. | 277 | 8 | |
Princeton Bancorp Inc. | 261 | 8 | |
* | AlTi Global Inc. | 1,317 | 8 |
Bankwell Financial Group Inc. | 288 | 7 | |
Chemung Financial Corp. | 172 | 7 | |
Penns Woods Bancorp Inc. | 360 | 7 | |
* | Maiden Holdings Ltd. | 5,350 | 7 |
MainStreet Bancshares Inc. | 366 | 7 | |
* | Pioneer Bancorp Inc. | 748 | 7 |
* | Security National Financial Corp. Class A | 810 | 7 |
Virginia National Bankshares Corp. | 244 | 7 | |
* | Kingsway Financial Services Inc. | 775 | 7 |
First Community Corp. | 378 | 6 | |
* | Consumer Portfolio Services Inc. | 721 | 6 |
USCB Financial Holdings Inc. | 564 | 6 | |
* | SWK Holdings Corp. | 300 | 5 |
* | GoHealth Inc. Class A | 342 | 5 |
* | Finance of America Cos. Inc. Class A | 3,215 | 3 |
MarketWise Inc. | 1,554 | 3 | |
* | Bakkt Holdings Inc. | 4,913 | 3 |
369,957 | |||
Health Care (12.0%) | |||
Eli Lilly & Co. | 58,399 | 44,014 | |
UnitedHealth Group Inc. | 64,131 | 31,655 | |
Johnson & Johnson | 166,232 | 26,827 | |
Merck & Co. Inc. | 175,227 | 22,280 | |
AbbVie Inc. | 121,695 | 21,424 | |
Thermo Fisher Scientific Inc. | 26,642 | 15,191 | |
Abbott Laboratories | 119,406 | 14,166 | |
Danaher Corp. | 45,464 | 11,509 | |
Pfizer Inc. | 390,111 | 10,361 | |
Amgen Inc. | 36,853 | 10,091 | |
* | Intuitive Surgical Inc. | 24,129 | 9,304 |
Stryker Corp. | 24,523 | 8,560 | |
Elevance Health Inc. | 16,355 | 8,198 | |
Medtronic plc | 91,633 | 7,639 | |
* | Vertex Pharmaceuticals Inc. | 17,773 | 7,478 |
Bristol-Myers Squibb Co. | 140,529 | 7,132 | |
* | Regeneron Pharmaceuticals Inc. | 7,068 | 6,828 |
Cigna Group | 20,162 | 6,777 | |
* | Boston Scientific Corp. | 100,986 | 6,686 |
Zoetis Inc. | 31,976 | 6,342 |
Shares | Market Value• ($000) | ||
Gilead Sciences Inc. | 86,246 | 6,218 | |
Becton Dickinson & Co. | 20,007 | 4,713 | |
HCA Healthcare Inc. | 13,685 | 4,266 | |
* | Edwards Lifesciences Corp. | 41,467 | 3,519 |
* | IDEXX Laboratories Inc. | 5,700 | 3,279 |
* | IQVIA Holdings Inc. | 12,531 | 3,097 |
* | DexCom Inc. | 26,754 | 3,079 |
Humana Inc. | 8,602 | 3,013 | |
* | Centene Corp. | 36,853 | 2,890 |
Agilent Technologies Inc. | 20,117 | 2,763 | |
GE Healthcare Inc. | 27,790 | 2,537 | |
* | Veeva Systems Inc. Class A | 9,939 | 2,241 |
* | Biogen Inc. | 9,850 | 2,137 |
* | Moderna Inc. | 22,920 | 2,114 |
Cardinal Health Inc. | 16,952 | 1,898 | |
West Pharmaceutical Services Inc. | 5,099 | 1,827 | |
Zimmer Biomet Holdings Inc. | 14,503 | 1,804 | |
* | ICON plc | 5,608 | 1,798 |
ResMed Inc. | 10,053 | 1,746 | |
* | Align Technology Inc. | 5,233 | 1,583 |
STERIS plc | 6,793 | 1,582 | |
* | Molina Healthcare Inc. | 3,948 | 1,555 |
* | Illumina Inc. | 10,973 | 1,534 |
Baxter International Inc. | 34,585 | 1,415 | |
* | Alnylam Pharmaceuticals Inc. | 8,509 | 1,286 |
Laboratory Corp. of America Holdings | 5,794 | 1,251 | |
Cooper Cos. Inc. | 13,364 | 1,251 | |
* | Hologic Inc. | 16,791 | 1,239 |
* | Avantor Inc. | 46,337 | 1,142 |
* | BioMarin Pharmaceutical Inc. | 12,824 | 1,106 |
Viatris Inc. | 82,544 | 1,021 | |
Quest Diagnostics Inc. | 7,657 | 956 | |
Revvity Inc. | 8,539 | 936 | |
* | Charles River Laboratories International Inc. | 3,480 | 885 |
* | Neurocrine Biosciences Inc. | 6,573 | 857 |
* | Sarepta Therapeutics Inc. | 6,260 | 801 |
Bio-Techne Corp. | 10,690 | 786 | |
* | Karuna Therapeutics Inc. | 2,498 | 784 |
* | Insulet Corp. | 4,740 | 777 |
Royalty Pharma plc Class A | 25,549 | 775 | |
* | Repligen Corp. | 3,810 | 739 |
* | Incyte Corp. | 12,595 | 735 |
Teleflex Inc. | 3,200 | 713 | |
* | Catalent Inc. | 12,275 | 704 |
* | Exact Sciences Corp. | 12,175 | 700 |
* | United Therapeutics Corp. | 3,086 | 696 |
Universal Health Services Inc. Class B | 4,095 | 684 | |
* | Henry Schein Inc. | 8,888 | 680 |
* | Shockwave Medical Inc. | 2,549 | 665 |
* | Qiagen NV | 15,373 | 658 |
* | Tenet Healthcare Corp. | 6,963 | 648 |
Chemed Corp. | 1,013 | 634 | |
* | Medpace Holdings Inc. | 1,593 | 633 |
* | Natera Inc. | 7,292 | 631 |
Bruker Corp. | 7,267 | 629 | |
* | Penumbra Inc. | 2,509 | 589 |
* | Vaxcyte Inc. | 7,180 | 530 |
Shares | Market Value• ($000) | ||
* | Elanco Animal Health Inc. (XNYS) | 33,309 | 529 |
* | Acadia Healthcare Co. Inc. | 6,284 | 524 |
* | Viking Therapeutics Inc. | 6,727 | 518 |
Encompass Health Corp. | 6,719 | 500 | |
* | Jazz Pharmaceuticals plc | 4,199 | 499 |
* | HealthEquity Inc. | 5,869 | 485 |
DENTSPLY SIRONA Inc. | 14,590 | 477 | |
* | DaVita Inc. | 3,681 | 467 |
* | Exelixis Inc. | 21,335 | 467 |
* | Cytokinetics Inc. | 6,410 | 463 |
* | Bio-Rad Laboratories Inc. Class A | 1,415 | 461 |
Ensign Group Inc. | 3,672 | 459 | |
* | Ionis Pharmaceuticals Inc. | 10,055 | 455 |
* | Intra-Cellular Therapies Inc. | 6,309 | 439 |
* | Apellis Pharmaceuticals Inc. | 7,060 | 438 |
* | Globus Medical Inc. Class A | 8,094 | 437 |
* | Blueprint Medicines Corp. | 4,243 | 397 |
* | Masimo Corp. | 2,941 | 378 |
* | Option Care Health Inc. | 11,473 | 370 |
* | Inspire Medical Systems Inc. | 2,025 | 363 |
* | Alkermes plc | 11,786 | 350 |
* | Halozyme Therapeutics Inc. | 8,774 | 349 |
Organon & Co. | 18,196 | 317 | |
* | Lantheus Holdings Inc. | 4,767 | 312 |
* | REVOLUTION Medicines Inc. | 10,201 | 301 |
* | Ultragenyx Pharmaceutical Inc. | 5,730 | 296 |
* | Glaukos Corp. | 3,326 | 295 |
* | 10X Genomics Inc. Class A | 6,248 | 291 |
* | Merit Medical Systems Inc. | 3,774 | 288 |
* | Roivant Sciences Ltd. | 24,892 | 285 |
* | Azenta Inc. | 4,236 | 276 |
* | Insmed Inc. | 9,965 | 276 |
* | Amicus Therapeutics Inc. | 20,646 | 265 |
* | Bridgebio Pharma Inc. | 7,701 | 263 |
* | iRhythm Technologies Inc. | 2,200 | 261 |
* | Cymabay Therapeutics Inc. | 8,060 | 259 |
* | Evolent Health Inc. Class A | 7,649 | 259 |
* | Integer Holdings Corp. | 2,329 | 257 |
Perrigo Co. plc | 9,792 | 257 | |
* | Haemonetics Corp. | 3,492 | 255 |
* | Krystal Biotech Inc. | 1,600 | 255 |
* | Arrowhead Pharmaceuticals Inc. | 7,911 | 254 |
* | Prestige Consumer Healthcare Inc. | 3,655 | 254 |
* | Madrigal Pharmaceuticals Inc. | 1,065 | 252 |
* | Iovance Biotherapeutics Inc. | 15,656 | 249 |
* | Neogen Corp. | 14,455 | 248 |
* | Envista Holdings Corp. | 11,731 | 242 |
* | Axonics Inc. | 3,549 | 241 |
* | SpringWorks Therapeutics Inc. | 4,902 | 241 |
* | Doximity Inc. Class A | 8,505 | 240 |
* | Fortrea Holdings Inc. | 6,369 | 239 |
* | Biohaven Ltd. | 4,865 | 234 |
* | Enovis Corp. | 3,684 | 220 |
* | LivaNova plc | 3,947 | 216 |
* | Axsome Therapeutics Inc. | 2,563 | 209 |
* | Progyny Inc. | 5,732 | 209 |
Shares | Market Value• ($000) | ||
* | Beam Therapeutics Inc. | 5,277 | 208 |
* | ACADIA Pharmaceuticals Inc. | 8,714 | 203 |
* | Amedisys Inc. | 2,186 | 203 |
Select Medical Holdings Corp. | 7,471 | 203 | |
* | Cerevel Therapeutics Holdings Inc. | 4,942 | 203 |
* | Intellia Therapeutics Inc. | 6,301 | 202 |
* | Crinetics Pharmaceuticals Inc. | 4,584 | 188 |
* | Teladoc Health Inc. | 12,127 | 183 |
* | Ideaya Biosciences Inc. | 4,088 | 183 |
* | Integra LifeSciences Holdings Corp. | 4,919 | 182 |
Premier Inc. Class A | 8,716 | 182 | |
* | TransMedics Group Inc. | 2,232 | 182 |
* | Privia Health Group Inc. | 7,973 | 178 |
* | Inari Medical Inc. | 3,799 | 175 |
* | QuidelOrtho Corp. | 3,824 | 174 |
* | TG Therapeutics Inc. | 9,877 | 170 |
* | Ginkgo Bioworks Holdings Inc. | 112,132 | 170 |
* | Arcellx Inc. | 2,587 | 170 |
CONMED Corp. | 2,096 | 168 | |
Patterson Cos. Inc. | 6,144 | 166 | |
* | RadNet Inc. | 4,335 | 164 |
* | Surgery Partners Inc. | 5,276 | 164 |
* | Vericel Corp. | 3,557 | 163 |
* | Rhythm Pharmaceuticals Inc. | 3,732 | 162 |
* | CorVel Corp. | 639 | 156 |
* | Arvinas Inc. | 3,371 | 155 |
* | ICU Medical Inc. | 1,419 | 155 |
* | Celldex Therapeutics Inc. | 3,162 | 152 |
* | Denali Therapeutics Inc. | 7,701 | 152 |
* | Twist Bioscience Corp. | 3,848 | 151 |
* | Nuvalent Inc. Class A | 1,800 | 151 |
* | Guardant Health Inc. | 7,909 | 150 |
* | Ardelyx Inc. | 15,998 | 149 |
* | PTC Therapeutics Inc. | 5,220 | 147 |
* | Certara Inc. | 8,474 | 143 |
* | R1 RCM Inc. | 10,151 | 143 |
* | Agios Pharmaceuticals Inc. | 4,379 | 142 |
* | NeoGenomics Inc. | 8,868 | 138 |
* | Corcept Therapeutics Inc. | 5,736 | 135 |
* | Immunovant Inc. | 3,812 | 135 |
*,1 | PROCEPT BioRobotics Corp. | 2,727 | 132 |
* | Apollo Medical Holdings Inc. | 2,909 | 131 |
* | Amphastar Pharmaceuticals Inc. | 2,719 | 127 |
* | agilon health Inc. | 20,789 | 127 |
* | Recursion Pharmaceuticals Inc. Class A | 9,346 | 126 |
* | Rocket Pharmaceuticals Inc. | 4,246 | 124 |
* | Owens & Minor Inc. | 5,000 | 122 |
* | Protagonist Therapeutics Inc. | 3,793 | 115 |
* | Inmode Ltd. | 5,249 | 115 |
* | Addus HomeCare Corp. | 1,230 | 114 |
* | Myriad Genetics Inc. | 5,469 | 114 |
* | Tandem Diabetes Care Inc. | 4,186 | 111 |
* | Hims & Hers Health Inc. | 8,515 | 111 |
* | Veracyte Inc. | 4,655 | 110 |
Shares | Market Value• ($000) | ||
* | Catalyst Pharmaceuticals Inc. | 6,789 | 109 |
* | Novocure Ltd. | 7,116 | 109 |
* | Dynavax Technologies Corp. | 8,548 | 108 |
* | Syndax Pharmaceuticals Inc. | 4,590 | 108 |
* | RxSight Inc. | 1,930 | 105 |
* | Ironwood Pharmaceuticals Inc. | 11,060 | 104 |
* | STAAR Surgical Co. | 3,325 | 104 |
US Physical Therapy Inc. | 971 | 103 | |
* | AtriCure Inc. | 2,916 | 102 |
* | Kura Oncology Inc. | 4,789 | 101 |
* | Kymera Therapeutics Inc. | 2,371 | 101 |
* | Sotera Health Co. | 6,711 | 101 |
* | Vera Therapeutics Inc. | 2,121 | 100 |
* | UFP Technologies Inc. | 473 | 99 |
* | Pacific Biosciences of California Inc. | 17,588 | 97 |
LeMaitre Vascular Inc. | 1,367 | 96 | |
* | Supernus Pharmaceuticals Inc. | 3,227 | 96 |
* | Keros Therapeutics Inc. | 1,403 | 95 |
* | Morphic Holding Inc. | 2,558 | 95 |
* | Ligand Pharmaceuticals Inc. | 1,161 | 92 |
* | Pacira BioSciences Inc. | 3,052 | 91 |
* | Akero Therapeutics Inc. | 3,346 | 90 |
* | Xencor Inc. | 3,894 | 89 |
* | Inhibrx Inc. | 2,400 | 88 |
* | Dyne Therapeutics Inc. | 3,257 | 88 |
* | Collegium Pharmaceutical Inc. | 2,380 | 87 |
* | Phreesia Inc. | 3,465 | 86 |
* | Avidity Biosciences Inc. | 4,653 | 85 |
* | Alphatec Holdings Inc. | 6,280 | 84 |
National HealthCare Corp. | 841 | 83 | |
* | ADMA Biologics Inc. | 15,111 | 81 |
* | MacroGenics Inc. | 4,439 | 80 |
* | Omnicell Inc. | 3,009 | 79 |
* | Sage Therapeutics Inc. | 3,694 | 79 |
* | Prothena Corp. plc | 2,815 | 78 |
* | Tarsus Pharmaceuticals Inc. | 1,977 | 76 |
* | Warby Parker Inc. Class A | 5,875 | 75 |
* | Brookdale Senior Living Inc. | 12,946 | 74 |
* | MannKind Corp. | 18,096 | 74 |
* | 4D Molecular Therapeutics Inc. | 2,601 | 73 |
* | BioCryst Pharmaceuticals Inc. | 12,698 | 72 |
* | Harmony Biosciences Holdings Inc. | 2,234 | 72 |
* | Geron Corp. (XNGS) | 35,256 | 71 |
* | Arcutis Biotherapeutics Inc. | 6,925 | 71 |
* | Day One Biopharmaceuticals Inc. | 4,213 | 71 |
* | Alpine Immune Sciences Inc. | 1,983 | 70 |
* | Arcus Biosciences Inc. | 3,550 | 68 |
* | ANI Pharmaceuticals Inc. | 964 | 65 |
* | AdaptHealth Corp. | 6,319 | 65 |
* | Verve Therapeutics Inc. | 3,786 | 65 |
* | Pliant Therapeutics Inc. | 4,037 | 64 |
*,1 | Cassava Sciences Inc. | 2,747 | 63 |
* | MiMedx Group Inc. | 7,645 | 62 |
Shares | Market Value• ($000) | ||
* | Cytek Biosciences Inc. | 8,004 | 62 |
* | Avanos Medical Inc. | 3,258 | 61 |
* | Deciphera Pharmaceuticals Inc. | 3,639 | 61 |
* | Arcturus Therapeutics Holdings Inc. | 1,579 | 61 |
* | Healthcare Services Group Inc. | 4,674 | 60 |
* | Amylyx Pharmaceuticals Inc. | 3,174 | 60 |
* | Relay Therapeutics Inc. | 5,880 | 59 |
* | Vir Biotechnology Inc. | 5,238 | 59 |
* | Scholar Rock Holding Corp. | 3,742 | 58 |
* | Editas Medicine Inc. | 5,671 | 57 |
* | Zentalis Pharmaceuticals Inc. | 3,847 | 57 |
Embecta Corp. | 3,987 | 57 | |
* | Sana Biotechnology Inc. | 5,543 | 56 |
* | LifeStance Health Group Inc. | 6,664 | 56 |
* | Quanterix Corp. | 2,285 | 55 |
* | Maravai LifeSciences Holdings Inc. Class A | 6,984 | 54 |
* | Aurinia Pharmaceuticals Inc. | 9,330 | 53 |
* | Artivion Inc. | 2,719 | 52 |
* | Pediatrix Medical Group Inc. | 5,704 | 52 |
* | Ocular Therapeutix Inc. | 5,132 | 52 |
* | Cabaletta Bio Inc. | 2,272 | 52 |
* | Janux Therapeutics Inc. | 1,071 | 52 |
* | REGENXBIO Inc. | 2,859 | 50 |
* | Viridian Therapeutics Inc. | 2,652 | 50 |
* | Mirum Pharmaceuticals Inc. | 1,673 | 48 |
* | SI-BONE Inc. | 2,732 | 47 |
HealthStream Inc. | 1,701 | 46 | |
* | Innoviva Inc. | 3,021 | 46 |
* | Kiniksa Pharmaceuticals Ltd. Class A | 2,187 | 46 |
* | Edgewise Therapeutics Inc. | 2,838 | 46 |
* | Varex Imaging Corp. | 2,642 | 45 |
* | Liquidia Corp. | 3,158 | 45 |
* | 89bio Inc. | 3,891 | 45 |
* | Apogee Therapeutics Inc. | 1,298 | 45 |
* | Accolade Inc. | 4,330 | 44 |
* | EyePoint Pharmaceuticals Inc. | 1,593 | 43 |
* | Amneal Pharmaceuticals Inc. | 7,570 | 42 |
* | Silk Road Medical Inc. | 2,360 | 42 |
*,1 | ImmunityBio Inc. | 8,944 | 42 |
* | Disc Medicine Inc. | 614 | 42 |
* | Fate Therapeutics Inc. | 5,747 | 41 |
* | Caribou Biosciences Inc. | 5,119 | 41 |
* | CareDx Inc. | 3,803 | 40 |
* | Mersana Therapeutics Inc. | 7,272 | 40 |
National Research Corp. | 995 | 40 | |
* | Zymeworks Inc. | 3,333 | 40 |
* | Y-mAbs Therapeutics Inc. | 2,309 | 39 |
* | Pennant Group Inc. | 2,075 | 39 |
* | Nurix Therapeutics Inc. | 3,153 | 39 |
* | OmniAb Inc. | 6,631 | 39 |
* | OraSure Technologies Inc. | 5,230 | 38 |
* | Revance Therapeutics Inc. | 5,351 | 38 |
* | Cogent Biosciences Inc. | 5,448 | 38 |
* | Treace Medical Concepts Inc. | 2,852 | 38 |
Shares | Market Value• ($000) | ||
* | Altimmune Inc. | 3,066 | 37 |
* | BioLife Solutions Inc. | 2,110 | 36 |
* | PetIQ Inc. | 1,998 | 36 |
* | Alignment Healthcare Inc. | 5,921 | 36 |
* | Evolus Inc. | 2,392 | 35 |
*,1 | Nano-X Imaging Ltd. | 3,096 | 35 |
* | AnaptysBio Inc. | 1,347 | 34 |
* | Savara Inc. | 6,646 | 34 |
* | UroGen Pharma Ltd. | 1,875 | 34 |
* | Travere Therapeutics Inc. | 4,556 | 34 |
* | HilleVax Inc. | 1,889 | 34 |
* | Summit Therapeutics Inc. (XNMS) | 7,283 | 33 |
* | Lyell Immunopharma Inc. | 11,179 | 33 |
* | Paragon 28 Inc. | 2,670 | 33 |
* | Nevro Corp. | 2,196 | 32 |
* | Castle Biosciences Inc. | 1,764 | 32 |
Atrion Corp. | 85 | 31 | |
* | Replimune Group Inc. | 3,597 | 31 |
* | Alector Inc. | 4,381 | 31 |
* | ORIC Pharmaceuticals Inc. | 2,444 | 31 |
* | Tango Therapeutics Inc. | 2,811 | 31 |
* | Avid Bioservices Inc. | 3,853 | 30 |
* | Health Catalyst Inc. | 3,653 | 30 |
* | Novavax Inc. | 6,067 | 30 |
* | Theravance Biopharma Inc. | 3,202 | 30 |
* | Marinus Pharmaceuticals Inc. | 3,127 | 30 |
* | Adaptive Biotechnologies Corp. | 6,967 | 29 |
* | Allogene Therapeutics Inc. | 5,833 | 29 |
* | Orthofix Medical Inc. | 2,198 | 29 |
* | Fulgent Genetics Inc. | 1,297 | 29 |
* | Avita Medical Inc. | 1,580 | 29 |
* | Astria Therapeutics Inc. | 2,049 | 29 |
* | Enhabit Inc. | 3,201 | 29 |
* | OrthoPediatrics Corp. | 1,025 | 28 |
* | Multiplan Corp. | 24,915 | 28 |
* | Zimvie Inc. | 1,622 | 28 |
* | Arbutus Biopharma Corp. | 9,636 | 27 |
* | Inozyme Pharma Inc. | 4,210 | 27 |
* | Nkarta Inc. | 2,230 | 27 |
* | Anika Therapeutics Inc. | 1,066 | 26 |
* | Axogen Inc. | 2,452 | 26 |
* | Surmodics Inc. | 821 | 26 |
* | KalVista Pharmaceuticals Inc. | 1,804 | 25 |
* | OPKO Health Inc. | 25,212 | 25 |
* | Cullinan Oncology Inc. | 1,349 | 25 |
* | Anavex Life Sciences Corp. | 4,597 | 24 |
* | ALX Oncology Holdings Inc. | 1,628 | 24 |
* | MaxCyte Inc. | 5,264 | 24 |
* | ModivCare Inc. | 863 | 24 |
* | Xeris Biopharma Holdings Inc. | 7,859 | 24 |
* | Cerus Corp. | 10,325 | 23 |
* | Community Health Systems Inc. | 8,373 | 23 |
* | Pulmonx Corp. | 2,489 | 23 |
* | Atea Pharmaceuticals Inc. | 5,308 | 23 |
* | Enliven Therapeutics Inc. | 1,464 | 23 |
* | Codexis Inc. | 4,706 | 22 |
* | Harrow Inc. | 2,067 | 22 |
* | Heron Therapeutics Inc. | 8,276 | 22 |
* | Larimar Therapeutics Inc. | 1,954 | 22 |
Shares | Market Value• ($000) | ||
* | Phathom Pharmaceuticals Inc. | 2,096 | 22 |
* | Longboard Pharmaceuticals Inc. | 976 | 22 |
* | Biomea Fusion Inc. | 1,250 | 22 |
iRadimed Corp. | 504 | 21 | |
* | Tactile Systems Technology Inc. | 1,389 | 21 |
* | Olema Pharmaceuticals Inc. | 1,676 | 21 |
* | Taro Pharmaceutical Industries Ltd. | 493 | 21 |
* | Nuvation Bio Inc. | 11,056 | 21 |
* | Humacyte Inc. | 4,936 | 21 |
* | Ventyx Biosciences Inc. | 2,937 | 21 |
* | DocGo Inc. | 5,115 | 21 |
* | Prime Medicine Inc. | 2,469 | 21 |
* | Enanta Pharmaceuticals Inc. | 1,388 | 20 |
* | Sutro Biopharma Inc. | 4,045 | 20 |
* | Organogenesis Holdings Inc. | 5,493 | 20 |
* | Terns Pharmaceuticals Inc. | 2,691 | 20 |
* | Tenaya Therapeutics Inc. | 3,378 | 20 |
* | iTeos Therapeutics Inc. | 1,783 | 19 |
* | American Well Corp. Class A | 17,265 | 19 |
* | Agiliti Inc. | 1,954 | 19 |
* | Aerovate Therapeutics Inc. | 835 | 19 |
* | Acelyrin Inc. | 2,190 | 19 |
* | WaVe Life Sciences Ltd. | 3,693 | 18 |
* | Rapt Therapeutics Inc. | 2,156 | 18 |
* | Viemed Healthcare Inc. | 2,115 | 18 |
* | Entrada Therapeutics Inc. | 1,340 | 18 |
* | 2seventy bio Inc. | 3,394 | 18 |
* | Neumora Therapeutics Inc. | 1,041 | 18 |
* | Omeros Corp. | 3,823 | 17 |
Phibro Animal Health Corp. Class A | 1,323 | 17 | |
* | Vanda Pharmaceuticals Inc. | 3,703 | 17 |
* | Voyager Therapeutics Inc. | 1,989 | 17 |
* | Precigen Inc. | 11,314 | 17 |
* | Celcuity Inc. | 1,065 | 17 |
* | Poseida Therapeutics Inc. | 4,233 | 17 |
* | Sharecare Inc. | 18,064 | 17 |
* | Coherus Biosciences Inc. | 7,172 | 16 |
* | CorMedix Inc. | 4,500 | 16 |
* | FibroGen Inc. | 9,441 | 16 |
SIGA Technologies Inc. | 3,123 | 16 | |
Utah Medical Products Inc. | 224 | 16 | |
* | Annexon Inc. | 2,844 | 16 |
* | Aura Biosciences Inc. | 1,740 | 16 |
* | Accuray Inc. | 5,917 | 15 |
Agenus Inc. | 23,047 | 15 | |
* | Gritstone bio Inc. | 5,496 | 15 |
* | Kodiak Sciences Inc. | 2,453 | 15 |
* | Rigel Pharmaceuticals Inc. | 9,581 | 15 |
* | Monte Rosa Therapeutics Inc. | 2,381 | 15 |
* | Semler Scientific Inc. | 316 | 15 |
* | Tyra Biosciences Inc. | 746 | 15 |
* | Mineralys Therapeutics Inc. | 945 | 15 |
* | Lexicon Pharmaceuticals Inc. | 5,760 | 14 |
* | OptimizeRx Corp. | 904 | 14 |
* | Sangamo Therapeutics Inc. | 12,115 | 14 |
* | Actinium Pharmaceuticals Inc. | 1,639 | 14 |
Shares | Market Value• ($000) | ||
* | Zevra Therapeutics Inc. | 2,148 | 14 |
* | CVRx Inc. | 707 | 14 |
* | Zynex Inc. | 989 | 13 |
*,1 | IGM Biosciences Inc. | 1,031 | 13 |
* | Ovid therapeutics Inc. | 3,730 | 13 |
* | ARS Pharmaceuticals Inc. | 1,508 | 13 |
* | Quantum-Si Inc. | 7,775 | 13 |
* | AngioDynamics Inc. | 2,187 | 12 |
* | Stoke Therapeutics Inc. | 1,608 | 12 |
* | PDS Biotechnology Corp. | 1,758 | 12 |
* | Butterfly Network Inc. | 9,649 | 12 |
* | Erasca Inc. | 4,924 | 12 |
* | Aldeyra Therapeutics Inc. | 2,922 | 11 |
* | Harvard Bioscience Inc. | 2,448 | 11 |
* | Inogen Inc. | 1,612 | 11 |
* | XOMA Corp. | 452 | 11 |
* | Pulse Biosciences Inc. | 1,117 | 11 |
* | MeiraGTx Holdings plc | 1,738 | 11 |
* | scPharmaceuticals Inc. | 1,809 | 11 |
* | Fennec Pharmaceuticals Inc. | 1,155 | 11 |
* | 908 Devices Inc. | 1,472 | 11 |
* | Akoya Biosciences Inc. | 1,907 | 11 |
* | 23andMe Holding Co. Class A | 18,973 | 11 |
* | Quipt Home Medical Corp. | 2,507 | 11 |
* | Emergent BioSolutions Inc. | 3,133 | 10 |
* | Optinose Inc. | 5,697 | 10 |
* | InfuSystem Holdings Inc. | 1,102 | 10 |
* | Outset Medical Inc. | 3,044 | 10 |
* | Compass Therapeutics Inc. | 5,698 | 10 |
* | PepGen Inc. | 617 | 10 |
* | Third Harmonic Bio Inc. | 949 | 10 |
*,2 | Scilex Holding Co. (Acquired 1/6/23, Cost $51) | 4,893 | 10 |
* | Bluebird Bio Inc. | 6,227 | 9 |
* | Computer Programs and Systems Inc. | 1,064 | 9 |
* | ClearPoint Neuro Inc. | 1,460 | 9 |
* | Sanara Medtech Inc. | 243 | 9 |
* | Aveanna Healthcare Holdings Inc. | 3,702 | 9 |
* | Genelux Corp. | 1,222 | 9 |
* | Joint Corp. | 826 | 8 |
* | Lineage Cell Therapeutics Inc. | 7,878 | 8 |
* | Outlook Therapeutics Inc. | 17,600 | 8 |
* | X4 Pharmaceuticals Inc. | 7,756 | 8 |
* | Seer Inc. | 4,572 | 8 |
* | Graphite Bio Inc. | 2,370 | 8 |
* | Immuneering Corp. Class A | 1,273 | 8 |
* | Trevi Therapeutics Inc. | 2,569 | 8 |
* | Orchestra BioMed Holdings Inc. | 1,257 | 8 |
* | Seres Therapeutics Inc. | 6,113 | 7 |
* | Verrica Pharmaceuticals Inc. | 1,312 | 7 |
* | Generation Bio Co. | 2,696 | 7 |
* | Tela Bio Inc. | 1,028 | 7 |
* | BioAtla Inc. | 2,751 | 7 |
* | Century Therapeutics Inc. | 1,931 | 7 |
* | Nautilus Biotechnology Inc. | 2,441 | 7 |
* | Biote Corp. Class A | 1,095 | 7 |
* | Aclaris Therapeutics Inc. | 4,691 | 6 |
* | Allakos Inc. | 4,153 | 6 |
* | Atara Biotherapeutics Inc. | 7,597 | 6 |
Shares | Market Value• ($000) | ||
* | Protalix BioTherapeutics Inc. | 3,534 | 6 |
* | Citius Pharmaceuticals Inc. | 7,653 | 6 |
* | Design Therapeutics Inc. | 2,331 | 6 |
* | Eyenovia Inc. | 2,701 | 6 |
* | Omega Therapeutics Inc. | 1,539 | 6 |
* | AirSculpt Technologies Inc. | 912 | 6 |
* | Mural Oncology plc | 1,097 | 6 |
* | American Healthcare REIT Inc. | 447 | 6 |
Cartesian Therapeutics Inc. (XNMS) | 7,231 | 5 | |
* | Vor BioPharma Inc. | 2,318 | 5 |
* | Assertio Holdings Inc. | 5,938 | 5 |
* | ProKidney Corp. | 3,019 | 5 |
* | Cargo Therapeutics Inc. | 193 | 5 |
*,1 | Bioxcel Therapeutics Inc. | 1,261 | 4 |
* | NGM Biopharmaceuticals Inc. | 2,868 | 4 |
* | Kezar Life Sciences Inc. | 4,176 | 4 |
*,3 | Tobira Therapeutics Inc. CVR | 937 | 4 |
* | Rallybio Corp. | 1,916 | 4 |
* | Sight Sciences Inc. | 1,077 | 4 |
* | Vigil Neuroscience Inc. | 1,012 | 4 |
Carisma Therapeutics Inc. | 1,666 | 4 | |
* | CG oncology Inc. | 84 | 4 |
* | P3 Health Partners Inc. | 2,505 | 3 |
* | Acrivon Therapeutics Inc. | 699 | 3 |
* | BrightSpring Health Services Inc. | 341 | 3 |
* | Cutera Inc. | 954 | 2 |
* | Allovir Inc. | 2,948 | 2 |
* | Bright Green Corp. | 7,238 | 2 |
* | Zura Bio Ltd. | 583 | 2 |
* | Fractyl Health Inc. | 171 | 2 |
* | CareMax Inc. | 167 | 1 |
* | Kyverna Therapeutics Inc. | 52 | 1 |
* | Metagenomi Inc. | 82 | 1 |
*,3 | Synergy Pharmaceuticals LLC | 12,927 | — |
*,3 | OmniAb Inc. 12.5 Earnout | 408 | — |
*,3 | OmniAb Inc. 15 Earnout | 408 | — |
409,755 | |||
Industrials (13.1%) | |||
Visa Inc. Class A | 110,015 | 31,095 | |
Mastercard Inc. Class A | 57,262 | 27,186 | |
Accenture plc Class A | 43,629 | 16,351 | |
Caterpillar Inc. | 35,242 | 11,769 | |
General Electric Co. | 74,899 | 11,751 | |
Union Pacific Corp. | 42,048 | 10,667 | |
Honeywell International Inc. | 45,965 | 9,135 | |
RTX Corp. | 99,297 | 8,904 | |
American Express Co. | 40,100 | 8,799 | |
Eaton Corp. plc | 27,514 | 7,952 | |
* | Boeing Co. | 38,515 | 7,846 |
United Parcel Service Inc. Class B (XNYS) | 49,996 | 7,412 | |
Automatic Data Processing Inc. | 28,535 | 7,166 | |
Deere & Co. | 18,309 | 6,684 | |
Lockheed Martin Corp. | 15,292 | 6,549 | |
* | Fiserv Inc. | 41,253 | 6,158 |
Sherwin-Williams Co. | 16,438 | 5,458 | |
Illinois Tool Works Inc. | 20,636 | 5,410 | |
CSX Corp. | 136,137 | 5,165 |
Shares | Market Value• ($000) | ||
Parker-Hannifin Corp. | 8,797 | 4,710 | |
General Dynamics Corp. | 16,903 | 4,619 | |
* | PayPal Holdings Inc. | 75,606 | 4,562 |
Northrop Grumman Corp. | 9,892 | 4,560 | |
Trane Technologies plc | 15,677 | 4,420 | |
TransDigm Group Inc. | 3,646 | 4,294 | |
Emerson Electric Co. | 39,296 | 4,199 | |
FedEx Corp. | 16,019 | 3,988 | |
Norfolk Southern Corp. | 15,627 | 3,960 | |
PACCAR Inc. | 35,408 | 3,926 | |
Cintas Corp. | 5,967 | 3,751 | |
Capital One Financial Corp. | 26,131 | 3,596 | |
3M Co. | 37,845 | 3,486 | |
United Rentals Inc. | 4,680 | 3,245 | |
Carrier Global Corp. | 57,660 | 3,205 | |
Old Dominion Freight Line Inc. | 6,798 | 3,008 | |
* | Block Inc. (XNYS) | 37,559 | 2,985 |
Ferguson plc | 14,046 | 2,970 | |
WW Grainger Inc. | 3,047 | 2,966 | |
AMETEK Inc. | 15,836 | 2,853 | |
Fidelity National Information Services Inc. | 40,766 | 2,821 | |
Johnson Controls International plc | 46,798 | 2,774 | |
L3Harris Technologies Inc. | 13,087 | 2,770 | |
Paychex Inc. | 22,171 | 2,719 | |
Otis Worldwide Corp. | 28,424 | 2,709 | |
Cummins Inc. | 9,740 | 2,616 | |
Ingersoll Rand Inc. (XYNS) | 28,050 | 2,562 | |
Martin Marietta Materials Inc. | 4,240 | 2,450 | |
Vulcan Materials Co. | 9,146 | 2,431 | |
Quanta Services Inc. | 9,879 | 2,386 | |
Verisk Analytics Inc. | 9,816 | 2,374 | |
Global Payments Inc. | 17,882 | 2,319 | |
Equifax Inc. | 8,402 | 2,299 | |
PPG Industries Inc. | 16,128 | 2,284 | |
Rockwell Automation Inc. | 7,922 | 2,258 | |
DuPont de Nemours Inc. | 31,542 | 2,182 | |
* | Fair Isaac Corp. | 1,670 | 2,121 |
Xylem Inc. | 16,253 | 2,065 | |
Fortive Corp. | 24,245 | 2,064 | |
* | Keysight Technologies Inc. | 12,283 | 1,895 |
* | Mettler-Toledo International Inc. | 1,515 | 1,890 |
Howmet Aerospace Inc. | 25,925 | 1,725 | |
Westinghouse Air Brake Technologies Corp. | 12,199 | 1,724 | |
* | Builders FirstSource Inc. | 8,434 | 1,646 |
Dover Corp. | 9,549 | 1,579 | |
* | Axon Enterprise Inc. | 4,833 | 1,486 |
Hubbell Inc. | 3,725 | 1,418 | |
* | FleetCor Technologies Inc. | 4,930 | 1,377 |
* | Waters Corp. | 4,043 | 1,364 |
* | Teledyne Technologies Inc. | 3,189 | 1,363 |
Ball Corp. | 21,148 | 1,354 | |
Veralto Corp. | 15,061 | 1,302 | |
Booz Allen Hamilton Holding Corp. | 8,800 | 1,300 | |
Jacobs Solutions Inc. | 8,623 | 1,265 | |
IDEX Corp. | 5,196 | 1,226 | |
Expeditors International of Washington Inc. | 10,102 | 1,208 | |
Textron Inc. | 13,440 | 1,197 | |
Masco Corp. | 15,520 | 1,191 | |
Carlisle Cos. Inc. | 3,366 | 1,178 |
Shares | Market Value• ($000) | ||
Synchrony Financial | 28,396 | 1,173 | |
JB Hunt Transport Services Inc. | 5,647 | 1,165 | |
Packaging Corp. of America | 6,085 | 1,103 | |
Nordson Corp. | 3,950 | 1,049 | |
Graco Inc. | 11,431 | 1,043 | |
* | Saia Inc. | 1,813 | 1,043 |
* | Trimble Inc. | 17,012 | 1,041 |
Lennox International Inc. | 2,203 | 1,038 | |
TransUnion | 13,213 | 1,026 | |
RPM International Inc. | 8,745 | 1,009 | |
EMCOR Group Inc. | 3,172 | 994 | |
Snap-on Inc. | 3,578 | 986 | |
Lincoln Electric Holdings Inc. | 3,831 | 983 | |
* | Zebra Technologies Corp. Class A | 3,500 | 978 |
* | XPO Inc. | 7,783 | 936 |
Stanley Black & Decker Inc. | 10,464 | 934 | |
Owens Corning | 6,123 | 917 | |
Watsco Inc. | 2,291 | 903 | |
Amcor plc | 98,978 | 897 | |
* | TopBuild Corp. | 2,182 | 878 |
Pentair plc | 11,225 | 873 | |
Jack Henry & Associates Inc. | 4,971 | 864 | |
HEICO Corp. | 4,348 | 841 | |
CNH Industrial NV | 67,047 | 801 | |
AECOM | 8,977 | 797 | |
Westrock Co. | 17,305 | 784 | |
Huntington Ingalls Industries Inc. | 2,679 | 781 | |
Allegion plc | 6,110 | 781 | |
Regal Rexnord Corp. | 4,543 | 779 | |
Advanced Drainage Systems Inc. | 4,676 | 763 | |
nVent Electric plc | 11,231 | 756 | |
Comfort Systems USA Inc. | 2,384 | 729 | |
ITT Inc. | 5,616 | 708 | |
Fortune Brands Innovations Inc. | 8,619 | 701 | |
A O Smith Corp. | 8,431 | 699 | |
* | Trex Co. Inc. | 7,416 | 681 |
Toro Co. | 7,157 | 661 | |
Tetra Tech Inc. | 3,616 | 641 | |
* | WEX Inc. | 2,914 | 640 |
HEICO Corp. Class A | 4,065 | 632 | |
BWX Technologies Inc. | 6,216 | 627 | |
* | WillScot Mobile Mini Holdings Corp. | 13,120 | 626 |
AptarGroup Inc. | 4,449 | 625 | |
Curtiss-Wright Corp. | 2,595 | 613 | |
Eagle Materials Inc. | 2,401 | 609 | |
Simpson Manufacturing Co. Inc. | 2,912 | 608 | |
Knight-Swift Transportation Holdings Inc. | 10,701 | 603 | |
Donaldson Co. Inc. | 8,403 | 602 | |
CH Robinson Worldwide Inc. | 7,863 | 583 | |
Woodward Inc. | 4,082 | 578 | |
* | Affirm Holdings Inc. | 15,391 | 577 |
Crown Holdings Inc. | 7,490 | 574 | |
MKS Instruments Inc. | 4,677 | 574 | |
Robert Half Inc. | 7,037 | 566 | |
* | Middleby Corp. | 3,648 | 555 |
Shares | Market Value• ($000) | ||
Acuity Brands Inc. | 2,174 | 546 | |
* | Core & Main Inc. Class A | 11,392 | 544 |
Graphic Packaging Holding Co. | 20,728 | 538 | |
* | API Group Corp. | 14,677 | 514 |
Applied Industrial Technologies Inc. | 2,674 | 508 | |
Oshkosh Corp. | 4,448 | 493 | |
* | Axalta Coating Systems Ltd. | 15,009 | 491 |
* | Paylocity Holding Corp. | 2,904 | 490 |
MSA Safety Inc. | 2,594 | 478 | |
Berry Global Group Inc. | 8,188 | 477 | |
* | Generac Holdings Inc. | 4,214 | 474 |
Cognex Corp. | 11,922 | 470 | |
Landstar System Inc. | 2,471 | 470 | |
* | FTI Consulting Inc. | 2,268 | 469 |
AGCO Corp. | 4,273 | 469 | |
Vontier Corp. | 10,839 | 466 | |
Atkore Inc. | 2,700 | 457 | |
Allison Transmission Holdings Inc. | 5,996 | 452 | |
WESCO International Inc. | 3,018 | 451 | |
* | Bill Holdings Inc. | 7,000 | 443 |
* | ATI Inc. | 8,977 | 441 |
* | AZEK Co. Inc. | 9,152 | 440 |
* | Mohawk Industries Inc. | 3,675 | 436 |
* | Chart Industries Inc. | 2,977 | 425 |
* | GXO Logistics Inc. | 8,118 | 420 |
Genpact Ltd. | 12,281 | 418 | |
Brunswick Corp. | 4,697 | 411 | |
Crane Co. | 3,332 | 405 | |
AAON Inc. | 4,744 | 398 | |
Installed Building Products Inc. | 1,647 | 394 | |
Littelfuse Inc. | 1,649 | 393 | |
Esab Corp. | 3,961 | 393 | |
Flowserve Corp. | 9,264 | 392 | |
FTAI Aviation Ltd. | 6,899 | 388 | |
Sonoco Products Co. | 6,778 | 384 | |
* | Beacon Roofing Supply Inc. | 4,391 | 377 |
Watts Water Technologies Inc. Class A | 1,840 | 375 | |
Armstrong World Industries Inc. | 3,068 | 370 | |
* | SPX Technologies Inc. | 3,114 | 365 |
* | Fluor Corp. | 9,756 | 359 |
* | Euronet Worldwide Inc. | 3,261 | 357 |
Maximus Inc. | 4,258 | 356 | |
* | Summit Materials Inc. Class A | 8,343 | 356 |
Sealed Air Corp. | 10,105 | 352 | |
* | Kirby Corp. | 4,000 | 351 |
Ryder System Inc. | 3,077 | 351 | |
Sensata Technologies Holding plc | 10,195 | 351 | |
Federal Signal Corp. | 4,220 | 346 | |
Western Union Co. | 25,455 | 341 | |
* | ExlService Holdings Inc. | 10,892 | 339 |
* | StoneCo. Ltd. Class A | 19,662 | 338 |
* | ASGN Inc. | 3,346 | 332 |
* | MasTec Inc. | 4,354 | 329 |
Franklin Electric Co. Inc. | 3,149 | 327 | |
GATX Corp. | 2,563 | 325 | |
Louisiana-Pacific Corp. | 4,334 | 321 | |
* | Modine Manufacturing Co. | 3,582 | 321 |
Shares | Market Value• ($000) | ||
MSC Industrial Direct Co. Inc. Class A | 3,145 | 317 | |
Zurn Elkay Water Solutions Corp. | 9,980 | 317 | |
Herc Holdings Inc. | 1,991 | 316 | |
Valmont Industries Inc. | 1,475 | 313 | |
Badger Meter Inc. | 1,950 | 309 | |
* | Shift4 Payments Inc. Class A | 3,764 | 309 |
Moog Inc. Class A | 2,016 | 302 | |
HB Fuller Co. | 3,782 | 301 | |
* | Knife River Corp. | 4,006 | 297 |
MDU Resources Group Inc. | 13,581 | 294 | |
Air Lease Corp. | 7,194 | 288 | |
Exponent Inc. | 3,554 | 287 | |
* | TriNet Group Inc. | 2,230 | 285 |
* | Itron Inc. | 3,040 | 282 |
Kadant Inc. | 824 | 278 | |
EnerSys | 2,949 | 271 | |
Matson Inc. | 2,441 | 271 | |
Brink's Co. | 3,264 | 270 | |
* | GMS Inc. | 2,985 | 267 |
Terex Corp. | 4,635 | 266 | |
* | CBIZ Inc. | 3,483 | 263 |
Otter Tail Corp. | 2,871 | 260 | |
Silgan Holdings Inc. | 5,917 | 260 | |
Belden Inc. | 3,000 | 256 | |
* | Dycom Industries Inc. | 2,027 | 256 |
Encore Wire Corp. | 1,058 | 255 | |
Insperity Inc. | 2,504 | 255 | |
ManpowerGroup Inc. | 3,526 | 254 | |
CSW Industrials Inc. | 1,091 | 251 | |
* | ACI Worldwide Inc. | 7,535 | 248 |
* | Alight Inc. Class A | 27,553 | 248 |
ArcBest Corp. | 1,693 | 242 | |
Korn Ferry | 3,776 | 240 | |
Hillenbrand Inc. | 4,974 | 237 | |
* | Resideo Technologies Inc. | 10,400 | 232 |
Enpro Inc. | 1,483 | 231 | |
* | Sterling Infrastructure Inc. | 2,139 | 228 |
John Bean Technologies Corp. | 2,238 | 227 | |
Scorpio Tankers Inc. | 3,343 | 224 | |
* | Marqeta Inc. Class A | 34,049 | 222 |
* | Flywire Corp. | 7,686 | 218 |
McGrath RentCorp. | 1,735 | 216 | |
* | AeroVironment Inc. | 1,695 | 215 |
Griffon Corp. | 3,006 | 215 | |
* | Verra Mobility Corp. | 9,841 | 213 |
Albany International Corp. Class A | 2,261 | 212 | |
* | Masonite International Corp. | 1,601 | 209 |
ICF International Inc. | 1,336 | 207 | |
Crane NXT Co. | 3,503 | 205 | |
* | Spirit AeroSystems Holdings Inc. Class A | 6,941 | 199 |
ABM Industries Inc. | 4,741 | 196 | |
* | PagSeguro Digital Ltd. Class A | 13,942 | 194 |
* | Remitly Global Inc. | 9,427 | 194 |
ESCO Technologies Inc. | 1,894 | 193 | |
* | Hub Group Inc. Class A | 4,496 | 191 |
* | MYR Group Inc. | 1,160 | 188 |
Werner Enterprises Inc. | 4,588 | 184 | |
UniFirst Corp. | 1,080 | 182 |
Shares | Market Value• ($000) | ||
Patrick Industries Inc. | 1,503 | 180 | |
* | RXO Inc. | 8,262 | 178 |
Mueller Water Products Inc. Class A | 11,370 | 177 | |
* | O-I Glass Inc. | 10,348 | 175 |
* | Gibraltar Industries Inc. | 2,240 | 173 |
EVERTEC Inc. | 4,761 | 172 | |
* | Kratos Defense & Security Solutions Inc. | 9,307 | 170 |
* | AAR Corp. | 2,519 | 168 |
* | PGT Innovations Inc. | 3,948 | 165 |
* | Masterbrand Inc. | 9,484 | 164 |
Granite Construction Inc. | 3,055 | 157 | |
Vestis Corp. | 8,354 | 157 | |
Alamo Group Inc. | 759 | 154 | |
Kennametal Inc. | 6,055 | 153 | |
* | OSI Systems Inc. | 1,168 | 153 |
Tennant Co. | 1,340 | 152 | |
* | AMN Healthcare Services Inc. | 2,703 | 152 |
Trinity Industries Inc. | 5,952 | 151 | |
Standex International Corp. | 841 | 146 | |
* | Hillman Solutions Corp. | 14,813 | 144 |
* | Mirion Technologies Inc. | 14,696 | 144 |
Enerpac Tool Group Corp. | 4,126 | 139 | |
* | Huron Consulting Group Inc. | 1,407 | 138 |
International Seaways Inc. | 2,569 | 136 | |
Primoris Services Corp. | 3,417 | 135 | |
Textainer Group Holdings Ltd. | 2,670 | 133 | |
* | Hayward Holdings Inc. | 8,968 | 133 |
* | AvidXchange Holdings Inc. | 9,949 | 132 |
* | Construction Partners Inc. Class A | 2,715 | 131 |
Bread Financial Holdings Inc. | 3,361 | 129 | |
H&E Equipment Services Inc. | 2,153 | 122 | |
AZZ Inc. | 1,637 | 119 | |
* | CoreCivic Inc. | 7,842 | 119 |
* | Cimpress plc | 1,213 | 119 |
* | Bloom Energy Corp. Class A | 13,458 | 118 |
* | Mercury Systems Inc. | 3,962 | 118 |
* | Gates Industrial Corp. plc | 7,712 | 114 |
Barnes Group Inc. | 3,221 | 113 | |
* | Joby Aviation Inc. | 19,913 | 112 |
Golden Ocean Group Ltd. | 8,549 | 110 | |
Powell Industries Inc. | 582 | 108 | |
Greif Inc. Class A | 1,644 | 106 | |
* | JELD-WEN Holding Inc. | 5,768 | 105 |
ADT Inc. | 14,452 | 105 | |
* | Leonardo DRS Inc. | 4,631 | 105 |
* | Donnelley Financial Solutions Inc. | 1,610 | 104 |
SFL Corp. Ltd. | 7,821 | 104 | |
Greenbrier Cos. Inc. | 1,995 | 103 | |
DHT Holdings Inc. | 9,381 | 102 | |
Napco Security Technologies Inc. | 2,245 | 101 | |
Helios Technologies Inc. | 2,253 | 99 | |
* | Legalzoom.com Inc. | 7,952 | 99 |
* | NCR Atleos Corp. | 4,533 | 99 |
* | American Woodmark Corp. | 964 | 97 |
* | NV5 Global Inc. | 922 | 94 |
Kforce Inc. | 1,298 | 90 | |
Lindsay Corp. | 736 | 88 |
Shares | Market Value• ($000) | ||
Teekay Tankers Ltd. Class A | 1,592 | 87 | |
* | Rocket Lab USA Inc. | 19,000 | 87 |
* | Payoneer Global Inc. | 17,751 | 86 |
Kaman Corp. | 1,859 | 85 | |
Schneider National Inc. Class B | 3,513 | 83 | |
Wabash National Corp. | 3,024 | 83 | |
Dorian LPG Ltd. | 2,301 | 83 | |
* | Montrose Environmental Group Inc. | 1,970 | 82 |
* | Enovix Corp. | 8,402 | 82 |
Columbus McKinnon Corp. | 1,935 | 81 | |
* | Janus International Group Inc. | 5,453 | 78 |
Marten Transport Ltd. | 4,057 | 76 | |
Apogee Enterprises Inc. | 1,214 | 69 | |
* | BlueLinx Holdings Inc. | 545 | 69 |
TriMas Corp. | 2,877 | 68 | |
* | IES Holdings Inc. | 583 | 64 |
VSE Corp. | 870 | 64 | |
Quanex Building Products Corp. | 1,813 | 63 | |
Astec Industries Inc. | 1,539 | 62 | |
* | Thermon Group Holdings Inc. | 2,274 | 62 |
Genco Shipping & Trading Ltd. | 3,052 | 62 | |
* | Energy Recovery Inc. | 3,882 | 61 |
Forward Air Corp. | 1,634 | 61 | |
* | Proto Labs Inc. | 1,684 | 61 |
Gorman-Rupp Co. | 1,617 | 60 | |
* | Transcat Inc. | 560 | 59 |
First Advantage Corp. | 3,750 | 59 | |
Barrett Business Services Inc. | 475 | 58 | |
* | Blue Bird Corp. | 1,720 | 58 |
* | ZipRecruiter Inc. Class A | 4,593 | 58 |
CRA International Inc. | 429 | 57 | |
Deluxe Corp. | 2,958 | 57 | |
* | SP Plus Corp. | 1,083 | 56 |
* | Triumph Group Inc. | 4,050 | 56 |
* | Aurora Innovation Inc. | 21,959 | 56 |
* | Aspen Aerogels Inc. | 3,116 | 54 |
Nordic American Tankers Ltd. | 12,940 | 53 | |
* | Vicor Corp. | 1,389 | 52 |
Flex LNG Ltd. | 2,043 | 52 | |
Cadre Holdings Inc. | 1,392 | 50 | |
* | CryoPort Inc. | 2,772 | 49 |
Ardmore Shipping Corp. | 3,012 | 49 | |
* | Archer Aviation Inc. Class A | 10,055 | 49 |
Ennis Inc. | 2,349 | 48 | |
* | Repay Holdings Corp. | 5,478 | 48 |
Heidrick & Struggles International Inc. | 1,388 | 47 | |
Kelly Services Inc. Class A | 1,922 | 47 | |
* | Hudson Technologies Inc. | 3,145 | 46 |
Pitney Bowes Inc. | 11,314 | 46 | |
* | Air Transport Services Group Inc. | 3,715 | 45 |
Myers Industries Inc. | 2,324 | 45 | |
Insteel Industries Inc. | 1,172 | 43 | |
REV Group Inc. | 2,082 | 43 | |
*,1 | PureCycle Technologies Inc. | 7,371 | 43 |
* | CECO Environmental Corp. | 1,835 | 42 |
Cass Information Systems Inc. | 864 | 42 | |
* | Titan International Inc. | 3,265 | 42 |
Shares | Market Value• ($000) | ||
Argan Inc. | 868 | 41 | |
Heartland Express Inc. | 3,236 | 41 | |
* | Cross Country Healthcare Inc. | 2,216 | 40 |
* | Ducommun Inc. | 829 | 40 |
Hyster-Yale Materials Handling Inc. | 679 | 40 | |
* | International Money Express Inc. | 1,971 | 39 |
* | Virgin Galactic Holdings Inc. | 22,313 | 39 |
Eagle Bulk Shipping Inc. | 629 | 39 | |
* | Conduent Inc. | 11,184 | 38 |
* | Tutor Perini Corp. | 3,300 | 37 |
Pactiv Evergreen Inc. | 2,495 | 37 | |
* | Sterling Check Corp. | 2,383 | 37 |
* | Astronics Corp. | 1,888 | 36 |
* | Great Lakes Dredge & Dock Corp. | 3,998 | 36 |
Douglas Dynamics Inc. | 1,389 | 35 | |
Mesa Laboratories Inc. | 319 | 35 | |
* | Titan Machinery Inc. | 1,371 | 35 |
* | I3 Verticals Inc. Class A | 1,578 | 34 |
United States Lime & Minerals Inc. | 134 | 34 | |
* | Evolv Technologies Holdings Inc. | 7,089 | 34 |
* | Paysafe Ltd. | 2,353 | 34 |
Costamare Inc. | 2,899 | 33 | |
* | Franklin Covey Co. | 826 | 32 |
* | Vishay Precision Group Inc. | 928 | 32 |
Ardagh Metal Packaging SA | 9,888 | 32 | |
Miller Industries Inc. | 679 | 31 | |
Resources Connection Inc. | 2,215 | 31 | |
Covenant Logistics Group Inc. | 616 | 30 | |
* | DXP Enterprises Inc. | 844 | 30 |
* | FARO Technologies Inc. | 1,357 | 30 |
* | Manitowoc Co. Inc. | 2,112 | 29 |
Greif Inc. Class B | 437 | 28 | |
National Presto Industries Inc. | 367 | 28 | |
* | Teekay Corp. | 3,706 | 28 |
* | Limbach Holdings Inc. | 576 | 28 |
* | Nikola Corp. | 37,327 | 28 |
* | Cantaloupe Inc. | 4,230 | 28 |
FTAI Infrastructure Inc. | 6,138 | 28 | |
* | V2X Inc. | 707 | 27 |
* | Custom Truck One Source Inc. | 4,028 | 26 |
* | Atmus Filtration Technologies Inc. | 1,096 | 26 |
* | Advantage Solutions Inc. | 6,500 | 25 |
Allient Inc. | 828 | 24 | |
* | Green Dot Corp. Class A | 2,762 | 23 |
LSI Industries Inc. | 1,614 | 23 | |
* | TrueBlue Inc. | 1,922 | 23 |
* | Distribution Solutions Group Inc. | 697 | 22 |
Overseas Shipholding Group Inc. Class A | 3,578 | 22 | |
Preformed Line Products Co. | 161 | 22 | |
* | BrightView Holdings Inc. | 2,467 | 21 |
* | Daseke Inc. | 2,552 | 21 |
* | Target Hospitality Corp. | 2,207 | 21 |
Shyft Group Inc. | 1,995 | 21 |
Shares | Market Value• ($000) | ||
TTEC Holdings Inc. | 1,162 | 20 | |
Safe Bulkers Inc. | 4,305 | 20 | |
* | Hyliion Holdings Corp. | 10,961 | 20 |
* | Bowman Consulting Group Ltd. | 626 | 20 |
Luxfer Holdings plc | 1,767 | 18 | |
Pangaea Logistics Solutions Ltd. | 2,203 | 18 | |
Karat Packaging Inc. | 611 | 18 | |
Himalaya Shipping Ltd. | 2,120 | 17 | |
Park Aerospace Corp. | 1,034 | 16 | |
* | Ranpak Holdings Corp. | 3,411 | 16 |
* | Blade Air Mobility Inc. | 4,858 | 15 |
* | Forrester Research Inc. | 688 | 14 |
* | Iteris Inc. | 2,617 | 14 |
Universal Logistics Holdings Inc. | 411 | 14 | |
* | Willdan Group Inc. | 671 | 14 |
* | Luna Innovations Inc. | 2,002 | 14 |
* | Aersale Corp. | 1,555 | 14 |
* | Hireright Holdings Corp. | 1,008 | 14 |
* | Commercial Vehicle Group Inc. | 1,955 | 13 |
Park-Ohio Holdings Corp. | 499 | 13 | |
* | Radiant Logistics Inc. | 2,268 | 13 |
*,1 | Microvast Holdings Inc. | 15,051 | 13 |
*,1 | Ispire Technology Inc. | 1,245 | 13 |
* | Concrete Pumping Holdings Inc. | 1,463 | 12 |
* | SoundThinking Inc. | 693 | 12 |
*,1 | Desktop Metal Inc. Class A | 18,973 | 12 |
* | Performant Financial Corp. | 4,180 | 12 |
* | Global Business Travel Group I | 1,974 | 12 |
* | Mistras Group Inc. | 1,253 | 11 |
Quad/Graphics Inc. | 1,804 | 11 | |
* | IBEX Holdings Ltd. | 659 | 11 |
* | CS Disco Inc. | 1,646 | 11 |
* | Gencor Industries Inc. | 618 | 10 |
* | BlackSky Technology Inc. | 7,353 | 10 |
* | Acacia Research Corp. | 2,318 | 9 |
* | Core Molding Technologies Inc. | 472 | 9 |
Trinseo plc | 2,072 | 9 | |
Information Services Group Inc. | 1,830 | 8 | |
* | Paysign Inc. | 2,701 | 8 |
* | Willis Lease Finance Corp. | 157 | 8 |
* | Mayville Engineering Co. Inc. | 676 | 8 |
* | Danimer Scientific Inc. | 6,206 | 8 |
* | PAM Transportation Services Inc. | 385 | 7 |
* | DHI Group Inc. | 2,151 | 6 |
EVI Industries Inc. | 295 | 6 | |
Ardagh Group SA | 848 | 6 | |
*,1 | Eos Energy Enterprises Inc. | 6,780 | 6 |
* | Eve Holding Inc. | 1,141 | 6 |
*,3 | Tingo Group Inc. | 7,712 | 5 |
* | CPI Card Group Inc. | 267 | 5 |
* | CompoSecure Inc. | 993 | 5 |
* | Terran Orbital Corp. | 4,983 | 5 |
* | SKYX Platforms Corp. | 3,581 | 5 |
* | 374Water Inc. | 3,713 | 5 |
* | Babcock & Wilcox Enterprises Inc. | 3,348 | 4 |
* | Workhorse Group Inc. | 13,365 | 4 |
Shares | Market Value• ($000) | ||
Hirequest Inc. | 327 | 4 | |
* | INNOVATE Corp. | 4,291 | 3 |
* | Velo3D Inc. | 6,622 | 2 |
446,579 | |||
Other (0.0%)4 | |||
*,3 | Aduro Biotech Inc. CVR | 656 | — |
*,3 | Empire Resorts Inc. | 229 | — |
— | |||
Real Estate (2.7%) | |||
Prologis Inc. | 63,780 | 8,500 | |
American Tower Corp. | 32,157 | 6,395 | |
Equinix Inc. | 6,447 | 5,730 | |
Welltower Inc. | 36,923 | 3,403 | |
Simon Property Group Inc. | 22,422 | 3,322 | |
Crown Castle Inc. | 29,912 | 3,289 | |
Public Storage | 10,836 | 3,076 | |
Digital Realty Trust Inc. | 20,784 | 3,051 | |
Realty Income Corp. | 57,539 | 2,998 | |
* | CoStar Group Inc. | 28,012 | 2,438 |
VICI Properties Inc. | 71,058 | 2,127 | |
Extra Space Storage Inc. | 14,470 | 2,040 | |
* | CBRE Group Inc. Class A | 20,833 | 1,914 |
Weyerhaeuser Co. | 50,302 | 1,729 | |
AvalonBay Communities Inc. | 9,692 | 1,716 | |
Iron Mountain Inc. | 19,834 | 1,560 | |
SBA Communications Corp. | 7,376 | 1,543 | |
Equity Residential | 25,493 | 1,535 | |
Alexandria Real Estate Equities Inc. | 11,757 | 1,466 | |
Invitation Homes Inc. | 41,857 | 1,426 | |
Ventas Inc. | 27,480 | 1,162 | |
Sun Communities Inc. | 8,440 | 1,129 | |
Essex Property Trust Inc. | 4,388 | 1,015 | |
Host Hotels & Resorts Inc. | 48,494 | 1,006 | |
Mid-America Apartment Communities Inc. | 7,983 | 1,003 | |
Kimco Realty Corp. | 45,039 | 890 | |
American Homes 4 Rent Class A | 23,285 | 862 | |
Equity LifeStyle Properties Inc. | 12,234 | 824 | |
WP Carey Inc. | 14,585 | 822 | |
UDR Inc. | 23,093 | 820 | |
Gaming and Leisure Properties Inc. | 17,528 | 797 | |
Regency Centers Corp. | 12,357 | 766 | |
Rexford Industrial Realty Inc. | 14,373 | 731 | |
Boston Properties Inc. | 10,824 | 701 | |
Camden Property Trust | 7,078 | 669 | |
CubeSmart | 15,298 | 667 | |
Lamar Advertising Co. Class A | 5,923 | 655 | |
Healthpeak Properties Inc. | 37,405 | 627 | |
* | Jones Lang LaSalle Inc. | 3,237 | 616 |
* | Zillow Group Inc. Class C | 10,029 | 563 |
Federal Realty Investment Trust | 5,454 | 550 | |
EastGroup Properties Inc. | 3,082 | 541 | |
Omega Healthcare Investors Inc. | 16,621 | 517 | |
NNN REIT Inc. | 12,498 | 509 | |
Ryman Hospitality Properties Inc. | 4,038 | 478 |
Shares | Market Value• ($000) | ||
First Industrial Realty Trust Inc. | 8,924 | 473 | |
Americold Realty Trust Inc. | 18,431 | 466 | |
Brixmor Property Group Inc. | 20,412 | 461 | |
STAG Industrial Inc. | 12,295 | 457 | |
Agree Realty Corp. | 6,974 | 383 | |
Healthcare Realty Trust Inc. | 26,636 | 367 | |
Terreno Realty Corp. | 5,565 | 358 | |
Rayonier Inc. | 9,850 | 339 | |
Vornado Realty Trust | 12,380 | 326 | |
Kite Realty Group Trust | 14,925 | 320 | |
Kilroy Realty Corp. | 8,253 | 313 | |
Apartment Income REIT Corp. | 10,172 | 308 | |
Phillips Edison & Co. Inc. | 7,804 | 279 | |
Essential Properties Realty Trust Inc. | 11,158 | 267 | |
Macerich Co. | 15,474 | 254 | |
PotlatchDeltic Corp. | 5,588 | 253 | |
Park Hotels & Resorts Inc. | 15,130 | 251 | |
Cousins Properties Inc. | 10,837 | 247 | |
Apple Hospitality REIT Inc. | 14,913 | 240 | |
* | Zillow Group Inc. Class A | 4,347 | 235 |
Independence Realty Trust Inc. | 15,986 | 234 | |
SL Green Realty Corp. | 4,548 | 220 | |
DigitalBridge Group Inc. | 11,624 | 214 | |
Sabra Health Care REIT Inc. | 15,349 | 213 | |
EPR Properties | 5,008 | 206 | |
Tanger Inc. | 7,164 | 206 | |
National Storage Affiliates Trust | 5,717 | 205 | |
Broadstone Net Lease Inc. | 13,533 | 202 | |
COPT Defense Properties | 8,221 | 199 | |
* | Howard Hughes Holdings Inc. | 2,549 | 195 |
Innovative Industrial Properties Inc. | 1,969 | 193 | |
Hannon Armstrong Sustainable Infrastructure Capital Inc. | 7,562 | 190 | |
Physicians Realty Trust | 16,872 | 189 | |
SITE Centers Corp. | 13,865 | 188 | |
Highwoods Properties Inc. | 7,543 | 184 | |
LXP Industrial Trust | 21,178 | 183 | |
Medical Properties Trust Inc. | 42,910 | 181 | |
National Health Investors Inc. | 3,000 | 172 | |
Sunstone Hotel Investors Inc. | 15,018 | 168 | |
Four Corners Property Trust Inc. | 6,526 | 158 | |
CareTrust REIT Inc. | 6,966 | 157 | |
Douglas Emmett Inc. | 11,616 | 154 | |
Outfront Media Inc. | 10,613 | 152 | |
Urban Edge Properties | 8,318 | 141 | |
St. Joe Co. | 2,536 | 137 | |
* | Equity Commonwealth | 6,882 | 130 |
InvenTrust Properties Corp. | 5,163 | 130 | |
DiamondRock Hospitality Co. | 13,697 | 129 | |
JBG SMITH Properties | 7,632 | 127 | |
* | Opendoor Technologies Inc. | 39,839 | 123 |
Pebblebrook Hotel Trust | 7,671 | 121 | |
RLJ Lodging Trust | 10,177 | 121 |
Shares | Market Value• ($000) | ||
Retail Opportunity Investments Corp. | 9,034 | 117 | |
Acadia Realty Trust | 7,088 | 116 | |
Xenia Hotels & Resorts Inc. | 7,243 | 111 | |
* | Cushman & Wakefield plc | 10,939 | 109 |
Global Net Lease Inc. | 14,522 | 105 | |
* | GEO Group Inc. | 8,251 | 101 |
Newmark Group Inc. Class A | 9,377 | 101 | |
Uniti Group Inc. | 16,350 | 96 | |
Getty Realty Corp. | 3,585 | 94 | |
LTC Properties Inc. | 2,909 | 92 | |
Empire State Realty Trust Inc. Class A | 8,744 | 87 | |
Elme Communities | 6,080 | 78 | |
Easterly Government Properties Inc. | 6,507 | 77 | |
Veris Residential Inc. | 5,244 | 77 | |
* | Compass Inc. Class A | 18,894 | 75 |
NETSTREIT Corp. | 4,415 | 74 | |
American Assets Trust Inc. | 3,293 | 71 | |
Service Properties Trust | 10,444 | 71 | |
* | Apartment Investment and Management Co. Class A | 9,545 | 70 |
Alexander & Baldwin Inc. | 4,215 | 69 | |
Kennedy-Wilson Holdings Inc. | 7,734 | 68 | |
Safehold Inc. | 3,356 | 68 | |
Plymouth Industrial REIT Inc. | 3,078 | 66 | |
eXp World Holdings Inc. | 4,774 | 63 | |
Hudson Pacific Properties Inc. | 9,239 | 59 | |
UMH Properties Inc. | 3,736 | 58 | |
Marcus & Millichap Inc. | 1,519 | 56 | |
Paramount Group Inc. | 12,686 | 56 | |
Diversified Healthcare Trust | 16,657 | 55 | |
* | Redfin Corp. | 7,618 | 54 |
Centerspace | 961 | 53 | |
Piedmont Office Realty Trust Inc. Class A | 7,992 | 50 | |
Community Healthcare Trust Inc. | 1,756 | 48 | |
Armada Hoffler Properties Inc. | 4,640 | 47 | |
Brandywine Realty Trust | 10,781 | 46 | |
Summit Hotel Properties Inc. | 7,101 | 46 | |
* | Anywhere Real Estate Inc. | 7,081 | 44 |
NexPoint Residential Trust Inc. | 1,423 | 42 | |
Whitestone REIT | 3,328 | 41 | |
* | Forestar Group Inc. | 1,192 | 40 |
CBL & Associates Properties Inc. | 1,753 | 40 | |
Gladstone Commercial Corp. | 2,971 | 37 | |
Farmland Partners Inc. | 2,872 | 34 | |
Alexander's Inc. | 148 | 33 | |
Chatham Lodging Trust | 3,272 | 33 | |
Global Medical REIT Inc. | 3,729 | 33 | |
Peakstone Realty Trust REIT | 2,370 | 33 | |
Universal Health Realty Income Trust | 833 | 32 | |
Gladstone Land Corp. | 2,242 | 29 |
Shares | Market Value• ($000) | ||
Ares Commercial Real Estate Corp. | 3,316 | 25 | |
* | FRP Holdings Inc. | 413 | 25 |
Saul Centers Inc. | 696 | 25 | |
RMR Group Inc. Class A | 942 | 23 | |
Postal Realty Trust Inc. Class A | 1,613 | 23 | |
NET Lease Office Properties | 948 | 23 | |
One Liberty Properties Inc. | 1,066 | 22 | |
* | Tejon Ranch Co. | 1,292 | 21 |
CTO Realty Growth Inc. | 1,042 | 18 | |
Alpine Income Property Trust Inc. | 1,042 | 16 | |
City Office REIT Inc. | 3,154 | 14 | |
Orion Office REIT Inc. | 3,807 | 13 | |
* | Star Holdings | 1,044 | 13 |
BRT Apartments Corp. | 726 | 11 | |
Douglas Elliman Inc. | 5,968 | 11 | |
Braemar Hotels & Resorts Inc. | 4,387 | 10 | |
RE/MAX Holdings Inc. Class A | 1,114 | 9 | |
* | Maui Land & Pineapple Co. Inc. | 466 | 9 |
Office Properties Income Trust | 3,078 | 8 | |
* | Stratus Properties Inc. | 305 | 7 |
Clipper Realty Inc. | 1,258 | 6 | |
* | Transcontinental Realty Investors Inc. | 137 | 5 |
93,789 | |||
Technology (32.0%) | |||
Microsoft Corp. | 513,560 | 212,429 | |
Apple Inc. | 1,017,599 | 183,931 | |
NVIDIA Corp. | 163,971 | 129,721 | |
Meta Platforms Inc. Class A | 152,650 | 74,818 | |
* | Alphabet Inc. Class A | 409,501 | 56,700 |
* | Alphabet Inc. Class C | 346,932 | 48,494 |
Broadcom Inc. | 29,750 | 38,690 | |
* | Advanced Micro Devices Inc. | 110,635 | 21,301 |
* | Salesforce Inc. | 65,331 | 20,176 |
* | Adobe Inc. | 31,625 | 17,719 |
Intel Corp. | 291,227 | 12,537 | |
Intuit Inc. | 18,863 | 12,504 | |
QUALCOMM Inc. | 76,979 | 12,147 | |
Oracle Corp. | 106,505 | 11,894 | |
Applied Materials Inc. | 57,669 | 11,627 | |
International Business Machines Corp. | 62,691 | 11,600 | |
* | ServiceNow Inc. | 14,062 | 10,847 |
Texas Instruments Inc. | 62,583 | 10,472 | |
Lam Research Corp. | 9,082 | 8,521 | |
Micron Technology Inc. | 75,424 | 6,834 | |
Analog Devices Inc. | 34,349 | 6,589 | |
KLA Corp. | 9,475 | 6,465 | |
* | Palo Alto Networks Inc. | 20,812 | 6,463 |
* | Synopsys Inc. | 10,493 | 6,020 |
* | Cadence Design Systems Inc. | 18,680 | 5,686 |
* | Crowdstrike Holdings Inc. Class A | 14,698 | 4,764 |
Amphenol Corp. Class A | 40,203 | 4,392 | |
Marvell Technology Inc. | 58,813 | 4,215 | |
* | Snowflake Inc. Class A | 21,638 | 4,074 |
Shares | Market Value• ($000) | ||
* | Workday Inc. Class A | 13,817 | 4,071 |
Roper Technologies Inc. | 7,279 | 3,965 | |
* | Autodesk Inc. | 14,799 | 3,821 |
* | Palantir Technologies Inc. Class A | 131,725 | 3,304 |
* | Fortinet Inc. | 45,229 | 3,126 |
Microchip Technology Inc. | 36,991 | 3,112 | |
Cognizant Technology Solutions Corp. Class A | 34,915 | 2,759 | |
* | Super Micro Computer Inc. | 3,176 | 2,751 |
* | DoorDash Inc. Class A | 21,203 | 2,641 |
* | Datadog Inc. Class A | 18,895 | 2,484 |
* | Gartner Inc. | 5,286 | 2,461 |
* | ON Semiconductor Corp. | 29,837 | 2,355 |
CDW Corp. | 9,281 | 2,285 | |
Monolithic Power Systems Inc. | 3,161 | 2,276 | |
* | Atlassian Corp. Ltd. Class A | 10,729 | 2,225 |
* | MongoDB Inc. | 4,592 | 2,055 |
* | ANSYS Inc. | 5,977 | 1,997 |
* | Cloudflare Inc. Class A | 19,918 | 1,963 |
* | HubSpot Inc. | 3,140 | 1,943 |
Corning Inc. | 52,559 | 1,694 | |
HP Inc. | 59,333 | 1,681 | |
* | Splunk Inc. | 10,674 | 1,667 |
Vertiv Holdings Co. Class A | 23,512 | 1,590 | |
* | Pinterest Inc. Class A | 40,129 | 1,473 |
* | Zscaler Inc. | 6,058 | 1,466 |
* | PTC Inc. | 7,828 | 1,433 |
Entegris Inc. | 10,211 | 1,372 | |
Hewlett Packard Enterprise Co. | 87,866 | 1,338 | |
* | Western Digital Corp. | 22,347 | 1,329 |
NetApp Inc. | 14,399 | 1,283 | |
* | Tyler Technologies Inc. | 2,854 | 1,248 |
* | Zoom Video Communications Inc. Class A | 17,431 | 1,233 |
Jabil Inc. | 8,529 | 1,229 | |
Leidos Holdings Inc. | 9,415 | 1,204 | |
* | VeriSign Inc. | 6,117 | 1,195 |
* | EPAM Systems Inc. | 3,831 | 1,166 |
Skyworks Solutions Inc. | 11,047 | 1,159 | |
* | GoDaddy Inc. Class A | 10,069 | 1,149 |
* | Akamai Technologies Inc. | 10,239 | 1,136 |
* | Okta Inc. | 10,485 | 1,125 |
Teradyne Inc. | 10,590 | 1,097 | |
* | Manhattan Associates Inc. | 4,243 | 1,075 |
* | Nutanix Inc. Class A | 16,645 | 1,051 |
* | Pure Storage Inc. Class A | 19,485 | 1,026 |
SS&C Technologies Holdings Inc. | 14,909 | 951 | |
* | MicroStrategy Inc. Class A | 844 | 863 |
* | AppLovin Corp. Class A | 14,376 | 859 |
Gen Digital Inc. (XNGS) | 38,023 | 817 | |
* | Dynatrace Inc. | 16,467 | 816 |
* | Qorvo Inc. | 6,705 | 768 |
* | F5 Inc. | 4,020 | 753 |
* | DocuSign Inc. | 13,857 | 738 |
Amdocs Ltd. | 8,003 | 730 | |
* | Elastic NV | 5,431 | 727 |
* | Lattice Semiconductor Corp. | 9,344 | 716 |
* | Ceridian HCM Holding Inc. | 10,207 | 712 |
* | Twilio Inc. Class A | 11,584 | 690 |
* | Match Group Inc. | 19,095 | 688 |
Shares | Market Value• ($000) | ||
Bentley Systems Inc. Class B | 13,322 | 684 | |
* | Guidewire Software Inc. | 5,550 | 662 |
Paycom Software Inc. | 3,523 | 643 | |
* | Globant SA | 2,817 | 629 |
* | UiPath Inc. Class A | 26,014 | 618 |
* | Onto Innovation Inc. | 3,311 | 610 |
* | Unity Software Inc. | 19,923 | 584 |
* | CACI International Inc. Class A | 1,498 | 562 |
Universal Display Corp. | 3,215 | 561 | |
KBR Inc. | 9,252 | 555 | |
* | Toast Inc. Class A | 24,128 | 555 |
* | Fabrinet | 2,480 | 535 |
* | Coherent Corp. | 8,836 | 526 |
Science Applications International Corp. | 3,575 | 500 | |
* | SPS Commerce Inc. | 2,554 | 473 |
* | SentinelOne Inc. Class A | 16,315 | 460 |
* | Arrow Electronics Inc. | 3,841 | 451 |
* | Confluent Inc. Class A | 13,083 | 443 |
* | Rambus Inc. | 7,367 | 436 |
* | Procore Technologies Inc. | 5,572 | 435 |
* | Qualys Inc. | 2,498 | 429 |
* | Gitlab Inc. Class A | 5,955 | 429 |
* | Dropbox Inc. Class A | 17,874 | 428 |
* | Novanta Inc. | 2,424 | 419 |
TD SYNNEX Corp. | 3,928 | 408 | |
* | Tenable Holdings Inc. | 7,947 | 383 |
* | Varonis Systems Inc. | 7,407 | 376 |
* | Smartsheet Inc. Class A | 8,839 | 373 |
* | Aspen Technology Inc. | 1,890 | 366 |
* | Insight Enterprises Inc. | 1,908 | 359 |
* | Cirrus Logic Inc. | 3,870 | 355 |
* | Kyndryl Holdings Inc. | 15,959 | 351 |
* | ZoomInfo Technologies Inc. | 20,444 | 343 |
Dolby Laboratories Inc. Class A | 4,142 | 335 | |
* | Appfolio Inc. Class A | 1,371 | 332 |
* | MACOM Technology Solutions Holdings Inc. | 3,684 | 325 |
* | Altair Engineering Inc. Class A | 3,790 | 322 |
* | DXC Technology Co. | 14,449 | 316 |
*,1 | GLOBALFOUNDRIES Inc. | 5,593 | 306 |
* | Silicon Laboratories Inc. | 2,216 | 305 |
* | IAC Inc. | 5,274 | 300 |
* | CommVault Systems Inc. | 3,104 | 297 |
* | Five9 Inc. | 4,850 | 296 |
* | Workiva Inc. | 3,408 | 293 |
* | DoubleVerify Holdings Inc. | 9,497 | 293 |
Avnet Inc. | 6,096 | 284 | |
* | Synaptics Inc. | 2,765 | 277 |
Power Integrations Inc. | 3,840 | 274 | |
Advanced Energy Industries Inc. | 2,658 | 269 | |
* | Alarm.com Holdings Inc. | 3,391 | 257 |
* | Box Inc. Class A | 9,928 | 256 |
* | Sanmina Corp. | 4,017 | 254 |
* | Axcelis Technologies Inc. | 2,242 | 253 |
* | Teradata Corp. | 6,651 | 250 |
* | Rapid7 Inc. | 4,247 | 249 |
* | FormFactor Inc. | 5,456 | 235 |
* | Freshworks Inc. Class A | 11,508 | 235 |
Amkor Technology Inc. | 7,501 | 233 | |
* | Blackline Inc. | 4,081 | 232 |
* | Ziff Davis Inc. | 3,343 | 230 |
Shares | Market Value• ($000) | ||
*,1 | Clarivate plc | 31,896 | 229 |
* | Wolfspeed Inc. | 8,704 | 226 |
* | Parsons Corp. | 2,786 | 225 |
Concentrix Corp. | 3,080 | 223 | |
* | Diodes Inc. | 3,168 | 215 |
* | Sprout Social Inc. Class A | 3,439 | 213 |
*,1 | C3.ai Inc. Class A | 5,724 | 212 |
* | Alteryx Inc. Class A | 4,390 | 211 |
* | Blackbaud Inc. | 3,051 | 211 |
Dun & Bradstreet Holdings Inc. | 19,636 | 207 | |
* | Braze Inc. Class A | 3,641 | 207 |
Vishay Intertechnology Inc. | 9,342 | 203 | |
* | RingCentral Inc. Class A | 5,992 | 200 |
Pegasystems Inc. | 2,960 | 193 | |
Kulicke & Soffa Industries Inc. | 3,968 | 189 | |
* | Plexus Corp. | 1,982 | 187 |
* | Envestnet Inc. | 3,579 | 184 |
* | Q2 Holdings Inc. | 3,990 | 184 |
* | Yelp Inc. | 4,776 | 184 |
* | IPG Photonics Corp. | 2,118 | 183 |
* | Impinj Inc. | 1,671 | 182 |
* | HashiCorp Inc. Class A | 6,995 | 182 |
* | CCC Intelligent Solutions Holdings Inc. | 14,571 | 171 |
* | DigitalOcean Holdings Inc. | 4,488 | 170 |
* | Cleanspark Inc. | 10,136 | 169 |
* | LiveRamp Holdings Inc. | 4,792 | 168 |
* | Credo Technology Group Holding Ltd. | 7,788 | 168 |
* | Allegro MicroSystems Inc. | 5,310 | 167 |
* | ePlus Inc. | 1,980 | 163 |
Progress Software Corp. | 3,017 | 161 | |
* | PagerDuty Inc. | 6,546 | 158 |
* | Perficient Inc. | 2,433 | 158 |
Xerox Holdings Corp. | 8,124 | 152 | |
* | Cargurus Inc. | 6,839 | 151 |
* | Ambarella Inc. | 2,696 | 151 |
* | nCino Inc. | 5,020 | 150 |
* | Rogers Corp. | 1,253 | 140 |
* | NCR Voyix Corp. | 9,180 | 134 |
* | Verint Systems Inc. | 4,222 | 133 |
* | Veeco Instruments Inc. | 3,459 | 125 |
CSG Systems International Inc. | 2,258 | 123 | |
* | Ultra Clean Holdings Inc. | 2,844 | 123 |
* | Fastly Inc. Class A | 8,430 | 120 |
* | Photronics Inc. | 4,172 | 120 |
* | IonQ Inc. | 11,274 | 117 |
* | Cohu Inc. | 3,546 | 114 |
* | Squarespace Inc. Class A | 3,415 | 114 |
* | Sitime Corp. | 1,219 | 113 |
Clear Secure Inc. Class A | 5,893 | 113 | |
* | Magnite Inc. | 9,249 | 111 |
* | Appian Corp. Class A | 3,141 | 109 |
* | PROS Holdings Inc. | 3,021 | 108 |
* | Upwork Inc. | 8,081 | 106 |
* | Asana Inc. Class A | 5,355 | 105 |
* | TTM Technologies Inc. | 6,911 | 103 |
* | NetScout Systems Inc. | 4,666 | 101 |
* | Agilysys Inc. | 1,258 | 98 |
* | Zeta Global Holdings Corp. Class A | 9,325 | 98 |
* | MaxLinear Inc. | 4,928 | 96 |
* | Informatica Inc. Class A | 2,927 | 95 |
* | ACM Research Inc. Class A | 3,037 | 94 |
Shares | Market Value• ($000) | ||
* | Paycor HCM Inc. | 4,438 | 94 |
* | Schrodinger Inc. | 3,657 | 93 |
* | Semtech Corp. | 4,251 | 90 |
CTS Corp. | 1,997 | 89 | |
* | Sprinklr Inc. Class A | 6,779 | 88 |
* | Ichor Holdings Ltd. | 1,951 | 83 |
* | Jamf Holding Corp. | 4,624 | 83 |
Adeia Inc. | 7,331 | 83 | |
* | Everbridge Inc. | 2,855 | 81 |
* | PAR Technology Corp. | 1,780 | 78 |
Shutterstock Inc. | 1,587 | 77 | |
* | AvePoint Inc. | 9,615 | 77 |
* | Bumble Inc. Class A | 6,544 | 75 |
* | Intapp Inc. | 1,878 | 74 |
* | PDF Solutions Inc. | 2,144 | 73 |
* | ScanSource Inc. | 1,646 | 71 |
* | Zuora Inc. Class A | 8,666 | 70 |
* | Alkami Technology Inc. | 2,787 | 70 |
* | Couchbase Inc. | 2,474 | 69 |
* | N-Able Inc. | 4,959 | 67 |
* | Model N Inc. | 2,689 | 66 |
* | SMART Global Holdings Inc. | 3,068 | 65 |
*,1 | SoundHound AI Inc. Class A | 8,818 | 65 |
Benchmark Electronics Inc. | 2,042 | 63 | |
* | indie Semiconductor Inc. Class A | 10,225 | 63 |
Sapiens International Corp. NV | 1,989 | 61 | |
A10 Networks Inc. | 4,476 | 60 | |
* | Amplitude Inc. Class A | 4,831 | 57 |
* | PubMatic Inc. Class A | 2,696 | 56 |
PC Connection Inc. | 793 | 53 | |
* | TechTarget Inc. | 1,656 | 53 |
* | Grid Dynamics Holdings Inc. | 3,906 | 53 |
* | Vimeo Inc. | 10,464 | 50 |
* | Maplebear Inc. | 1,496 | 49 |
Methode Electronics Inc. | 2,229 | 47 | |
* | E2open Parent Holdings Inc. | 10,838 | 46 |
* | Navitas Semiconductor Corp. | 7,306 | 45 |
* | nLight Inc. | 3,246 | 43 |
Simulations Plus Inc. | 1,036 | 43 | |
* | Xometry Inc. Class A | 2,220 | 43 |
* | SolarWinds Corp. | 3,526 | 42 |
Hackett Group Inc. | 1,626 | 40 | |
* | Yext Inc. | 6,542 | 39 |
* | 3D Systems Corp. | 9,178 | 38 |
* | Cerence Inc. | 2,531 | 38 |
* | CEVA Inc. | 1,626 | 37 |
* | Mediaalpha Inc. Class A | 1,762 | 37 |
* | Olo Inc. Class A | 6,442 | 37 |
* | BigCommerce Holdings Inc. Series 1 | 4,595 | 36 |
* | NerdWallet Inc. Class A | 2,127 | 36 |
* | Bandwidth Inc. Class A | 1,703 | 35 |
* | Kimball Electronics Inc. | 1,555 | 35 |
* | Matterport Inc. | 15,700 | 33 |
* | SmartRent Inc. | 11,550 | 33 |
* | Mitek Systems Inc. | 2,750 | 32 |
* | Alpha & Omega Semiconductor Ltd. | 1,406 | 31 |
* | Aehr Test Systems | 1,923 | 31 |
* | Digimarc Corp. | 851 | 30 |
Shares | Market Value• ($000) | ||
* | Eventbrite Inc. Class A | 5,327 | 30 |
* | MeridianLink Inc. | 1,606 | 30 |
* | EverQuote Inc. Class A | 1,754 | 28 |
* | Definitive Healthcare Corp. | 2,800 | 27 |
American Software Inc. Class A | 2,322 | 26 | |
*,1 | MicroVision Inc. | 11,180 | 26 |
NVE Corp. | 294 | 25 | |
* | OneSpan Inc. | 2,627 | 25 |
* | Weave Communications Inc. | 2,002 | 25 |
* | Planet Labs PBC | 11,578 | 25 |
* | SEMrush Holdings Inc. Class A | 1,941 | 24 |
* | Applied Digital Corp. | 5,532 | 23 |
* | Domo Inc. Class B | 1,888 | 22 |
* | Unisys Corp. | 4,230 | 22 |
* | Enfusion Inc. Class A | 2,534 | 22 |
* | Daktronics Inc. | 2,427 | 21 |
* | TrueCar Inc. | 5,914 | 21 |
* | Grindr Inc. | 2,516 | 21 |
* | Nextdoor Holdings Inc. | 8,922 | 20 |
* | Digital Turbine Inc. | 5,920 | 19 |
* | Bit Digital Inc. | 7,171 | 19 |
* | Consensus Cloud Solutions Inc. | 1,173 | 19 |
* | Thoughtworks Holding Inc. | 5,432 | 17 |
* | Terawulf Inc. | 9,041 | 17 |
* | Red Violet Inc. | 895 | 16 |
ON24 Inc. | 2,209 | 15 | |
* | NextNav Inc. | 3,566 | 15 |
* | Viant Technology Inc. Class A | 1,513 | 14 |
* | EverCommerce Inc. | 1,398 | 14 |
* | Transphorm Inc. | 2,954 | 14 |
Immersion Corp. | 1,921 | 13 | |
* | Rimini Street Inc. | 3,927 | 13 |
* | Tucows Inc. Class A | 649 | 12 |
* | Innodata Inc. | 1,584 | 12 |
* | Asure Software Inc. | 1,181 | 11 |
* | SkyWater Technology Inc. | 962 | 11 |
* | Cipher Mining Inc. | 3,610 | 11 |
* | Rackspace Technology Inc. | 4,643 | 10 |
* | BigBear.ai Holdings Inc. | 2,825 | 9 |
* | inTEST Corp. | 679 | 8 |
* | Vivid Seats Inc. Class A | 1,407 | 8 |
* | Intevac Inc. | 1,761 | 7 |
* | LivePerson Inc. | 5,315 | 7 |
* | Expensify Inc. Class A | 3,439 | 7 |
* | eGain Corp. | 1,020 | 6 |
* | CoreCard Corp. | 435 | 6 |
* | Atomera Inc. | 1,030 | 6 |
Richardson Electronics Ltd. | 731 | 6 | |
* | FiscalNote Holdings Inc. | 3,899 | 6 |
* | Brightcove Inc. | 2,465 | 5 |
* | Aeva Technologies Inc. | 5,329 | 5 |
1,093,567 | |||
Telecommunications (2.0%) | |||
Cisco Systems Inc. | 279,406 | 13,515 | |
Comcast Corp. Class A | 275,473 | 11,804 | |
Verizon Communications Inc. | 290,243 | 11,616 | |
AT&T Inc. | 493,637 | 8,357 | |
T-Mobile US Inc. | 36,085 | 5,893 | |
* | Arista Networks Inc. | 17,318 | 4,806 |
Motorola Solutions Inc. | 11,416 | 3,772 |
Shares | Market Value• ($000) | ||
* | Charter Communications Inc. Class A | 6,941 | 2,040 |
Juniper Networks Inc. | 22,013 | 815 | |
* | Ciena Corp. | 10,179 | 580 |
* | Roku Inc. | 8,443 | 533 |
* | Liberty Broadband Corp. Class C | 7,301 | 439 |
* | Frontier Communications Parent Inc. | 17,145 | 406 |
Cogent Communications Holdings Inc. | 3,137 | 254 | |
Iridium Communications Inc. | 8,734 | 253 | |
* | Lumentum Holdings Inc. | 4,763 | 231 |
InterDigital Inc. | 1,692 | 181 | |
Cable One Inc. | 395 | 180 | |
* | ViaSat Inc. | 8,480 | 166 |
* | Viavi Solutions Inc. | 16,457 | 157 |
* | Calix Inc. | 4,138 | 144 |
* | Extreme Networks Inc. | 9,150 | 116 |
* | Lumen Technologies Inc. | 71,767 | 116 |
Telephone and Data Systems Inc. | 7,190 | 110 | |
* | Liberty Broadband Corp. Class A | 1,809 | 109 |
* | EchoStar Corp. Class A | 7,619 | 100 |
* | Harmonic Inc. | 7,628 | 100 |
* | Globalstar Inc. | 47,867 | 75 |
* | Digi International Inc. | 2,498 | 74 |
* | Infinera Corp. | 13,774 | 69 |
Shenandoah Telecommunications Co. | 3,241 | 61 | |
* | Liberty Latin America Ltd. Class C | 8,683 | 57 |
* | IDT Corp. Class B | 1,131 | 42 |
* | fuboTV Inc. | 18,700 | 39 |
* | Xperi Inc. | 3,264 | 36 |
* | Anterix Inc. | 881 | 35 |
Bel Fuse Inc. Class B | 655 | 34 | |
* | Gogo Inc. | 4,112 | 34 |
* | NETGEAR Inc. | 2,068 | 31 |
Ubiquiti Inc. | 259 | 30 | |
* | Lightwave Logic Inc. | 7,102 | 30 |
Adtran Holdings Inc. | 4,742 | 27 | |
* | Clearfield Inc. | 861 | 26 |
* | Liberty Latin America Ltd. Class A | 4,092 | 26 |
* | Consolidated Communications Holdings Inc. | 5,712 | 25 |
ATN International Inc. | 729 | 24 | |
* | Aviat Networks Inc. | 681 | 24 |
* | 8x8 Inc. | 7,672 | 22 |
Spok Holdings Inc. | 1,081 | 19 | |
* | Ooma Inc. | 1,790 | 18 |
* | Ribbon Communications Inc. | 6,111 | 18 |
* | AST SpaceMobile Inc. | 5,626 | 18 |
* | CommScope Holding Co. Inc. | 12,795 | 15 |
* | Comtech Telecommunications Corp. | 2,022 | 14 |
* | WideOpenWest Inc. | 3,435 | 14 |
* | Kaltura Inc. | 5,162 | 7 |
* | KVH Industries Inc. | 1,109 | 5 |
* | Cambium Networks Corp. | 952 | 4 |
* | Akoustis Technologies Inc. | 4,997 | 3 |
Shares | Market Value• ($000) | ||
* | DZS Inc. | 1,615 | 2 |
*,3 | GCI Liberty Inc. | 5,064 | — |
67,751 | |||
Utilities (2.4%) | |||
NextEra Energy Inc. | 139,902 | 7,721 | |
Waste Management Inc. | 28,055 | 5,769 | |
Southern Co. | 75,213 | 5,058 | |
Duke Energy Corp. | 53,227 | 4,888 | |
Constellation Energy Corp. | 22,148 | 3,731 | |
Sempra | 43,530 | 3,073 | |
American Electric Power Co. Inc. | 35,416 | 3,017 | |
Dominion Energy Inc. | 57,542 | 2,752 | |
Republic Services Inc. | 14,165 | 2,601 | |
Exelon Corp. | 68,391 | 2,451 | |
PG&E Corp. | 140,359 | 2,343 | |
Public Service Enterprise Group Inc. | 34,608 | 2,160 | |
Consolidated Edison Inc. | 23,900 | 2,084 | |
Xcel Energy Inc. | 37,819 | 1,993 | |
Edison International | 25,885 | 1,761 | |
WEC Energy Group Inc. | 21,625 | 1,697 | |
American Water Works Co. Inc. | 13,382 | 1,586 | |
DTE Energy Co. | 14,127 | 1,531 | |
Entergy Corp. | 14,492 | 1,472 | |
Eversource Energy | 24,021 | 1,410 | |
FirstEnergy Corp. | 37,322 | 1,366 | |
Vistra Corp. | 24,858 | 1,356 | |
PPL Corp. | 50,727 | 1,338 | |
Ameren Corp. | 17,949 | 1,278 | |
CenterPoint Energy Inc. | 43,077 | 1,185 | |
CMS Energy Corp. | 19,887 | 1,141 | |
Atmos Energy Corp. | 10,052 | 1,135 | |
NRG Energy Inc. | 15,505 | 858 | |
Alliant Energy Corp. | 17,597 | 840 | |
Evergy Inc. | 15,692 | 777 | |
NiSource Inc. | 28,465 | 742 | |
AES Corp. | 45,975 | 699 | |
* | Clean Harbors Inc. | 3,453 | 629 |
Essential Utilities Inc. | 16,477 | 573 | |
Pinnacle West Capital Corp. | 7,764 | 530 | |
OGE Energy Corp. | 13,382 | 440 | |
UGI Corp. | 14,719 | 360 | |
* | Stericycle Inc. | 6,480 | 352 |
* | Casella Waste Systems Inc. Class A | 3,888 | 350 |
IDACORP Inc. | 3,523 | 310 | |
Southwest Gas Holdings Inc. | 4,310 | 294 | |
National Fuel Gas Co. | 5,918 | 288 | |
New Jersey Resources Corp. | 6,731 | 280 | |
Brookfield Infrastructure Corp. Class A (XTSE) | 8,394 | 278 | |
Portland General Electric Co. | 6,814 | 274 | |
Black Hills Corp. | 4,845 | 252 | |
Ormat Technologies Inc. (XNYS) | 3,827 | 249 | |
ALLETE Inc. | 4,155 | 235 | |
1 | Brookfield Renewable Corp. Class A | 9,507 | 225 |
Spire Inc. | 3,717 | 220 | |
ONE Gas Inc. | 3,588 | 214 | |
Northwestern Energy Group Inc. | 4,403 | 211 |
Shares | Market Value• ($000) | ||
PNM Resources Inc. | 5,657 | 207 | |
American States Water Co. | 2,668 | 191 | |
Avista Corp. | 5,572 | 185 | |
California Water Service Group | 3,859 | 177 | |
MGE Energy Inc. | 2,694 | 170 | |
* | Sunrun Inc. | 13,985 | 168 |
Chesapeake Utilities Corp. | 1,526 | 156 | |
Avangrid Inc. | 4,793 | 149 | |
SJW Group | 2,377 | 131 | |
Clearway Energy Inc. Class C | 4,534 | 99 | |
Northwest Natural Holding Co. | 2,660 | 98 | |
Hawaiian Electric Industries Inc. | 7,531 | 92 | |
Clearway Energy Inc. Class A | 4,129 | 84 | |
Unitil Corp. | 1,134 | 58 | |
Middlesex Water Co. | 1,075 | 55 | |
* | Sunnova Energy International Inc. | 6,850 | 50 |
York Water Co. | 1,387 | 49 | |
* | Enviri Corp. | 5,539 | 44 |
Consolidated Water Co. Ltd. | 964 | 28 | |
* | Altus Power Inc. | 3,603 | 25 |
Genie Energy Ltd. Class B | 1,253 | 23 | |
Aris Water Solutions Inc. Class A | 1,895 | 23 | |
Artesian Resources Corp. Class A | 649 | 22 | |
Excelerate Energy Inc. Class A | 1,070 | 17 | |
* | Pure Cycle Corp. | 1,166 | 12 |
RGC Resources Inc. | 516 | 10 | |
*,1 | NuScale Power Corp. | 3,353 | 10 |
* | Cadiz Inc. | 2,631 | 8 |
* | Vertex Energy Inc. | 4,210 | 6 |
* | Li-Cycle Holdings Corp. | 9,005 | 3 |
80,727 | |||
Total Common Stocks (Cost $2,399,647) | 3,405,682 |
Shares | Market Value• ($000) | ||
Temporary Cash Investments (0.2%) | |||
Money Market Fund (0.2%) | |||
5,6 | Vanguard Market Liquidity Fund, 5.400% (Cost $7,546) | 75,479 | 7,547 |
Total Investments (99.9%) (Cost $2,407,193) | 3,413,229 | ||
Other Assets and Liabilities—Net (0.1%) | 2,573 | ||
Net Assets (100%) | 3,415,802 | ||
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
* | Non-income-producing security. |
1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $1,758,000. |
2 | Restricted securities totaling $10,000, representing 0.0% of net assets. |
3 | Security value determined using significant unobservable inputs. |
4 | “Other” represents securities that are not classified by the fund’s benchmark index. |
5 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
6 | Collateral of $1,890,000 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 2024 | 13 | 1,337 | 14 |
E-mini S&P 500 Index | March 2024 | 34 | 8,676 | 109 |
123 |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value1 | |
Unaffiliated Issuers (Cost $2,399,647) | 3,405,682 |
Affiliated Issuers (Cost $7,546) | 7,547 |
Total Investments in Securities | 3,413,229 |
Investment in Vanguard | 101 |
Cash | 157 |
Cash Collateral Pledged—Futures Contracts | 490 |
Receivables for Investment Securities Sold | 51 |
Receivables for Accrued Income | 4,447 |
Receivables for Capital Shares Issued | 21 |
Variation Margin Receivable—Futures Contracts | 48 |
Total Assets | 3,418,544 |
Liabilities | |
Payables for Investment Securities Purchased | 197 |
Collateral for Securities on Loan | 1,890 |
Payables for Capital Shares Redeemed | 534 |
Payables to Vanguard | 121 |
Total Liabilities | 2,742 |
Net Assets | 3,415,802 |
1 Includes $1,758,000 of securities on loan. | |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 2,522,180 |
Total Distributable Earnings (Loss) | 893,622 |
Net Assets | 3,415,802 |
ETF Shares—Net Assets | |
Applicable to 9,950,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,253,853 |
Net Asset Value Per Share—ETF Shares | $226.52 |
Institutional Shares—Net Assets | |
Applicable to 2,649,953 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,161,949 |
Net Asset Value Per Share—Institutional Shares | $438.48 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Dividends1 | 22,228 |
Interest2 | 188 |
Securities Lending—Net | 181 |
Total Income | 22,597 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 32 |
Management and Administrative—ETF Shares | 808 |
Management and Administrative—Institutional Shares | 375 |
Marketing and Distribution—ETF Shares | 51 |
Marketing and Distribution—Institutional Shares | 21 |
Custodian Fees | 54 |
Shareholders’ Reports—ETF Shares | 20 |
Shareholders’ Reports—Institutional Shares | 2 |
Trustees’ Fees and Expenses | 1 |
Other Expenses | 9 |
Total Expenses | 1,373 |
Expenses Paid Indirectly | (2) |
Net Expenses | 1,371 |
Net Investment Income | 21,226 |
Realized Net Gain (Loss) | |
Investment Securities Sold2,3 | 44,611 |
Futures Contracts | 575 |
Realized Net Gain (Loss) | 45,186 |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities2 | 339,816 |
Futures Contracts | 111 |
Change in Unrealized Appreciation (Depreciation) | 339,927 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 406,339 |
1 | Dividends are net of foreign withholding taxes of $5,000. |
2 | Interest income, realized net gain (loss), capital gain distributions received, and change in unrealized appreciation (depreciation) from an affiliated company of the fund were $176,000, less than $1,000, less than $1,000, and less than $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
3 | Includes $46,601,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 21,226 | 46,918 | |
Realized Net Gain (Loss) | 45,186 | 51,317 | |
Change in Unrealized Appreciation (Depreciation) | 339,927 | 334,616 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 406,339 | 432,851 | |
Distributions | |||
ETF Shares | (14,712) | (23,996) | |
Institutional Shares | (8,863) | (21,655) | |
Total Distributions | (23,575) | (45,651) | |
Capital Share Transactions | |||
ETF Shares | 204,982 | 368,504 | |
Institutional Shares | (35,314) | (556,884) | |
Net Increase (Decrease) from Capital Share Transactions | 169,668 | (188,380) | |
Total Increase (Decrease) | 552,432 | 198,820 | |
Net Assets | |||
Beginning of Period | 2,863,370 | 2,664,550 | |
End of Period | 3,415,802 | 2,863,370 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $200.77 | $177.97 | $208.13 | $158.71 | $133.26 | $133.98 |
Investment Operations | ||||||
Net Investment Income1 | 1.452 | 2.897 | 2.662 | 2.385 | 2.416 | 2.312 |
Net Realized and Unrealized Gain (Loss) on Investments | 25.938 | 22.832 | (30.247) | 49.386 | 25.494 | (.730) |
Total from Investment Operations | 27.390 | 25.729 | (27.585) | 51.771 | 27.910 | 1.582 |
Distributions | ||||||
Dividends from Net Investment Income | (1.640) | (2.929) | (2.575) | (2.351) | (2.460) | (2.302) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.640) | (2.929) | (2.575) | (2.351) | (2.460) | (2.302) |
Net Asset Value, End of Period | $226.52 | $200.77 | $177.97 | $208.13 | $158.71 | $133.26 |
Total Return | 13.74% | 14.68% | -13.36% | 32.90% | 21.31% | 1.25% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,254 | $1,802 | $1,219 | $1,124 | $710 | $463 |
Ratio of Total Expenses to Average Net Assets | 0.10%2 | 0.10%2 | 0.10% | 0.10% | 0.10% | 0.10% |
Ratio of Net Investment Income to Average Net Assets | 1.41% | 1.58% | 1.36% | 1.31% | 1.74% | 1.79% |
Portfolio Turnover Rate3 | 4% | 11% | 8% | 10% | 8% | 10% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $388.63 | $344.48 | $402.86 | $307.19 | $257.87 | $259.33 |
Investment Operations | ||||||
Net Investment Income1 | 2.856 | 5.690 | 5.323 | 4.689 | 4.739 | 4.499 |
Net Realized and Unrealized Gain (Loss) on Investments | 50.206 | 44.177 | (58.648) | 95.580 | 49.347 | (1.394) |
Total from Investment Operations | 53.062 | 49.867 | (53.325) | 100.269 | 54.086 | 3.105 |
Distributions | ||||||
Dividends from Net Investment Income | (3.212) | (5.717) | (5.055) | (4.599) | (4.766) | (4.565) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (3.212) | (5.717) | (5.055) | (4.599) | (4.766) | (4.565) |
Net Asset Value, End of Period | $438.48 | $388.63 | $344.48 | $402.86 | $307.19 | $257.87 |
Total Return | 13.75% | 14.70% | -13.34% | 32.94% | 21.38% | 1.27% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,162 | $1,061 | $1,445 | $1,154 | $1,018 | $871 |
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 | 1.43% | 1.62% | 1.40% | 1.34% | 1.76% | 1.81% |
Portfolio Turnover Rate3 | 4% | 11% | 8% | 10% | 8% | 10% |
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 29, 2024, custodian fee offset arrangements reduced the fund’s expenses by $2,000 (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 | 3,405,657 | 16 | 9 | 3,405,682 |
Temporary Cash Investments | 7,547 | — | — | 7,547 |
Total | 3,413,204 | 16 | 9 | 3,413,229 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 123 | — | — | 123 |
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 29, 2024, 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 | 2,417,878 |
Gross Unrealized Appreciation | 1,101,005 |
Gross Unrealized Depreciation | (105,531) |
Net Unrealized Appreciation (Depreciation) | 995,474 |
F. | During the six months ended February 29, 2024, the fund purchased $110,456,000 of investment securities and sold $152,519,000 of investment securities, other than temporary cash investments. In addition, the fund purchased and sold investment securities of $290,664,000 and $85,782,000, 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 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 290,773 | 1,400 | 652,179 | 3,700 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (85,791) | (425) | (283,675) | (1,575) | |
Net Increase (Decrease)—ETF Shares | 204,982 | 975 | 368,504 | 2,125 | |
Institutional Shares | |||||
Issued | 101,262 | 259 | 296,740 | 834 | |
Issued in Lieu of Cash Distributions | 7,830 | 20 | 19,707 | 58 | |
Redeemed | (144,406) | (360) | (873,331) | (2,357) | |
Net Increase (Decrease)—Institutional Shares | (35,314) | (81) | (556,884) | (1,465) |
H. | Significant market disruptions, such as those caused by pandemics, natural or environmental disasters, war, acts of terrorism, or other events, can adversely affect local and global markets and normal market operations. Any such disruptions could have an adverse impact on the value of the fund’s investments and fund performance. |
I. | Management has determined that no events or transactions occurred subsequent to February 29, 2024, that would require recognition or disclosure in these financial statements. |
All rights reserved.
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 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Short-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,024.40 | $0.20 |
Admiral™ Shares | 1,000.00 | 1,023.90 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.40 | 0.25 |
Intermediate-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,018.70 | $0.20 |
Admiral Shares | 1,000.00 | 1,018.10 | 0.35 |
Institutional Shares | 1,000.00 | 1,018.60 | 0.25 |
Long-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $998.30 | $0.20 |
Admiral Shares | 1,000.00 | 998.20 | 0.35 |
Institutional Shares | 1,000.00 | 998.30 | 0.25 |
Based on Hypothetical 5% Yearly Return | |||
Short-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,024.66 | $0.20 |
Admiral Shares | 1,000.00 | 1,024.51 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.61 | 0.25 |
Intermediate-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,024.66 | $0.20 |
Admiral Shares | 1,000.00 | 1,024.51 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.61 | 0.25 |
Long-Term Treasury Index Fund | |||
ETF Shares | $1,000.00 | $1,024.66 | $0.20 |
Admiral Shares | 1,000.00 | 1,024.51 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.61 | 0.25 |
1 - 2 Years | 56.6% |
2 - 3 Years | 43.4 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (99.2%) | ||||||
U.S. Government Securities (99.2%) | ||||||
United States Treasury Note/Bond | 1.750% | 3/15/25 | 280,621 | 271,282 | ||
United States Treasury Note/Bond | 0.500% | 3/31/25 | 227,294 | 216,604 | ||
United States Treasury Note/Bond | 2.625% | 3/31/25 | 84,818 | 82,698 | ||
United States Treasury Note/Bond | 3.875% | 3/31/25 | 244,199 | 241,261 | ||
United States Treasury Note/Bond | 2.625% | 4/15/25 | 340,704 | 331,920 | ||
United States Treasury Note/Bond | 0.375% | 4/30/25 | 294,238 | 279,112 | ||
United States Treasury Note/Bond | 2.875% | 4/30/25 | 167,395 | 163,446 | ||
United States Treasury Note/Bond | 3.875% | 4/30/25 | 290,965 | 287,419 | ||
United States Treasury Note/Bond | 2.125% | 5/15/25 | 342,178 | 330,950 | ||
United States Treasury Note/Bond | 2.750% | 5/15/25 | 310,752 | 302,838 | ||
United States Treasury Note/Bond | 0.250% | 5/31/25 | 271,197 | 255,942 | ||
United States Treasury Note/Bond | 2.875% | 5/31/25 | 120,807 | 117,825 | ||
United States Treasury Note/Bond | 4.250% | 5/31/25 | 230,077 | 228,172 | ||
United States Treasury Note/Bond | 2.875% | 6/15/25 | 317,450 | 309,415 | ||
United States Treasury Note/Bond | 0.250% | 6/30/25 | 309,617 | 291,330 | ||
United States Treasury Note/Bond | 2.750% | 6/30/25 | 97,986 | 95,337 | ||
United States Treasury Note/Bond | 4.625% | 6/30/25 | 292,167 | 291,208 | ||
United States Treasury Note/Bond | 3.000% | 7/15/25 | 298,904 | 291,572 | ||
United States Treasury Note/Bond | 0.250% | 7/31/25 | 313,046 | 293,530 | ||
United States Treasury Note/Bond | 2.875% | 7/31/25 | 146,515 | 142,577 | ||
United States Treasury Note/Bond | 4.750% | 7/31/25 | 271,639 | 271,299 | ||
United States Treasury Note/Bond | 2.000% | 8/15/25 | 369,481 | 354,875 | ||
United States Treasury Note/Bond | 3.125% | 8/15/25 | 294,733 | 287,733 | ||
United States Treasury Note/Bond | 6.875% | 8/15/25 | 10,715 | 11,018 | ||
United States Treasury Note/Bond | 0.250% | 8/31/25 | 309,518 | 289,254 | ||
United States Treasury Note/Bond | 2.750% | 8/31/25 | 142,077 | 137,815 | ||
United States Treasury Note/Bond | 5.000% | 8/31/25 | 282,826 | 283,577 | ||
United States Treasury Note/Bond | 3.500% | 9/15/25 | 285,793 | 280,300 | ||
United States Treasury Note/Bond | 0.250% | 9/30/25 | 356,639 | 332,232 | ||
United States Treasury Note/Bond | 3.000% | 9/30/25 | 150,613 | 146,542 | ||
United States Treasury Note/Bond | 5.000% | 9/30/25 | 326,424 | 327,444 | ||
United States Treasury Note/Bond | 4.250% | 10/15/25 | 274,120 | 271,893 | ||
United States Treasury Note/Bond | 0.250% | 10/31/25 | 377,761 | 350,786 | ||
United States Treasury Note/Bond | 3.000% | 10/31/25 | 157,873 | 153,433 | ||
United States Treasury Note/Bond | 5.000% | 10/31/25 | 294,425 | 295,575 | ||
United States Treasury Note/Bond | 2.250% | 11/15/25 | 402,121 | 385,848 | ||
United States Treasury Note/Bond | 4.500% | 11/15/25 | 279,600 | 278,508 | ||
United States Treasury Note/Bond | 0.375% | 11/30/25 | 348,613 | 323,393 | ||
United States Treasury Note/Bond | 2.875% | 11/30/25 | 160,190 | 155,259 | ||
United States Treasury Note/Bond | 4.875% | 11/30/25 | 306,897 | 307,664 | ||
United States Treasury Note/Bond | 4.000% | 12/15/25 | 297,960 | 294,329 | ||
United States Treasury Note/Bond | 0.375% | 12/31/25 | 302,307 | 279,634 | ||
United States Treasury Note/Bond | 2.625% | 12/31/25 | 150,283 | 144,882 | ||
United States Treasury Note/Bond | 4.250% | 12/31/25 | 289,894 | 287,629 | ||
United States Treasury Note/Bond | 3.875% | 1/15/26 | 278,596 | 274,635 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 0.375% | 1/31/26 | 417,563 | 385,006 | ||
United States Treasury Note/Bond | 2.625% | 1/31/26 | 155,542 | 149,806 | ||
United States Treasury Note/Bond | 4.250% | 1/31/26 | 349,995 | 347,425 | ||
United States Treasury Note/Bond | 1.625% | 2/15/26 | 348,529 | 328,979 | ||
United States Treasury Note/Bond | 4.000% | 2/15/26 | 303,056 | 299,410 | ||
United States Treasury Note/Bond | 6.000% | 2/15/26 | 39,733 | 40,683 | ||
United States Treasury Note/Bond | 0.500% | 2/28/26 | 418,405 | 385,717 | ||
United States Treasury Note/Bond | 2.500% | 2/28/26 | 171,682 | 164,761 | ||
United States Treasury Note/Bond | 4.625% | 2/28/26 | 359,256 | 359,256 | ||
United States Treasury Note/Bond | 4.625% | 3/15/26 | 270,113 | 270,113 | ||
United States Treasury Note/Bond | 0.750% | 3/31/26 | 331,470 | 306,454 | ||
United States Treasury Note/Bond | 2.250% | 3/31/26 | 148,790 | 141,908 | ||
United States Treasury Note/Bond | 3.750% | 4/15/26 | 252,591 | 248,329 | ||
United States Treasury Note/Bond | 0.750% | 4/30/26 | 378,288 | 348,616 | ||
United States Treasury Note/Bond | 2.375% | 4/30/26 | 100,652 | 96,091 | ||
United States Treasury Note/Bond | 1.625% | 5/15/26 | 356,222 | 334,348 | ||
United States Treasury Note/Bond | 3.625% | 5/15/26 | 279,387 | 273,887 | ||
United States Treasury Note/Bond | 0.750% | 5/31/26 | 409,511 | 376,430 | ||
United States Treasury Note/Bond | 2.125% | 5/31/26 | 158,794 | 150,606 | ||
United States Treasury Note/Bond | 4.125% | 6/15/26 | 278,041 | 275,434 | ||
United States Treasury Note/Bond | 0.875% | 6/30/26 | 353,283 | 325,020 | ||
United States Treasury Note/Bond | 1.875% | 6/30/26 | 162,592 | 153,192 | ||
United States Treasury Note/Bond | 4.500% | 7/15/26 | 275,626 | 275,411 | ||
United States Treasury Note/Bond | 0.625% | 7/31/26 | 388,413 | 354,063 | ||
United States Treasury Note/Bond | 1.875% | 7/31/26 | 166,612 | 156,589 | ||
United States Treasury Note/Bond | 1.500% | 8/15/26 | 370,476 | 344,658 | ||
United States Treasury Note/Bond | 4.375% | 8/15/26 | 264,001 | 263,135 | ||
United States Treasury Note/Bond | 6.750% | 8/15/26 | 24,587 | 25,786 | ||
United States Treasury Note/Bond | 0.750% | 8/31/26 | 399,241 | 364,120 | ||
United States Treasury Note/Bond | 1.375% | 8/31/26 | 159,277 | 147,580 | ||
United States Treasury Note/Bond | 4.625% | 9/15/26 | 301,882 | 302,731 | ||
United States Treasury Note/Bond | 0.875% | 9/30/26 | 385,259 | 351,790 | ||
United States Treasury Note/Bond | 1.625% | 9/30/26 | 120,818 | 112,512 | ||
United States Treasury Note/Bond | 4.625% | 10/15/26 | 311,880 | 312,903 | ||
United States Treasury Note/Bond | 1.125% | 10/31/26 | 372,697 | 341,600 | ||
United States Treasury Note/Bond | 1.625% | 10/31/26 | 156,556 | 145,401 | ||
United States Treasury Note/Bond | 2.000% | 11/15/26 | 307,718 | 288,486 | ||
United States Treasury Note/Bond | 4.625% | 11/15/26 | 322,209 | 323,417 | ||
United States Treasury Note/Bond | 6.500% | 11/15/26 | 15,499 | 16,255 | ||
United States Treasury Note/Bond | 1.250% | 11/30/26 | 399,236 | 366,361 | ||
United States Treasury Note/Bond | 1.625% | 11/30/26 | 154,078 | 142,907 | ||
United States Treasury Note/Bond | 4.375% | 12/15/26 | 344,023 | 343,324 | ||
United States Treasury Note/Bond | 1.250% | 12/31/26 | 354,611 | 324,912 | ||
United States Treasury Note/Bond | 1.750% | 12/31/26 | 140,935 | 130,937 | ||
United States Treasury Note/Bond | 4.000% | 1/15/27 | 344,015 | 339,984 | ||
United States Treasury Note/Bond | 1.500% | 1/31/27 | 507,790 | 467,405 | ||
United States Treasury Note/Bond | 2.250% | 2/15/27 | 289,473 | 272,105 | ||
United States Treasury Note/Bond | 4.125% | 2/15/27 | 355,598 | 352,709 | ||
United States Treasury Note/Bond | 1.125% | 2/28/27 | 90,078 | 81,830 | ||
United States Treasury Note/Bond | 1.875% | 2/28/27 | 349,032 | 324,273 | ||
Total U.S. Government and Agency Obligations (Cost $24,583,328) | 24,384,650 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (0.4%) | ||||||
Money Market Fund (0.4%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $100,864) | 5.400% | 1,008,771 | 100,867 | ||
Total Investments (99.6%) (Cost $24,684,192) | 24,485,517 | |||||
Other Assets and Liabilities—Net (0.4%) | 103,068 | |||||
Net Assets (100%) | 24,588,585 |
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 $24,583,328) | 24,384,650 |
Affiliated Issuers (Cost $100,864) | 100,867 |
Total Investments in Securities | 24,485,517 |
Investment in Vanguard | 845 |
Receivables for Investment Securities Sold | 2,068,548 |
Receivables for Accrued Income | 137,311 |
Receivables for Capital Shares Issued | 5,168 |
Total Assets | 26,697,389 |
Liabilities | |
Due to Custodian | 5 |
Payables for Investment Securities Purchased | 2,090,522 |
Payables for Capital Shares Redeemed | 15,677 |
Payables for Distributions | 2,179 |
Payables to Vanguard | 421 |
Total Liabilities | 2,108,804 |
Net Assets | 24,588,585 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 25,530,390 |
Total Distributable Earnings (Loss) | (941,805) |
Net Assets | 24,588,585 |
ETF Shares—Net Assets | |
Applicable to 348,615,498 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 20,236,999 |
Net Asset Value Per Share—ETF Shares | $58.05 |
Admiral Shares—Net Assets | |
Applicable to 141,335,430 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,728,101 |
Net Asset Value Per Share—Admiral Shares | $19.30 |
Institutional Shares—Net Assets | |
Applicable to 66,949,685 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,623,485 |
Net Asset Value Per Share—Institutional Shares | $24.25 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 517,802 |
Total Income | 517,802 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 274 |
Management and Administrative—ETF Shares | 3,266 |
Management and Administrative—Admiral Shares | 846 |
Management and Administrative—Institutional Shares | 330 |
Marketing and Distribution—ETF Shares | 597 |
Marketing and Distribution—Admiral Shares | 76 |
Marketing and Distribution—Institutional Shares | 32 |
Custodian Fees | 40 |
Shareholders’ Reports—ETF Shares | 256 |
Shareholders’ Reports—Admiral Shares | 15 |
Shareholders’ Reports—Institutional Shares | 12 |
Trustees’ Fees and Expenses | 10 |
Other Expenses | 7 |
Total Expenses | 5,761 |
Net Investment Income | 512,041 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | (178,159) |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | 304,123 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 638,005 |
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 $1,343,000, $43,000, $1,000, and $2,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes ($12,436,000) of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 512,041 | 667,991 | |
Realized Net Gain (Loss) | (178,159) | (493,042) | |
Change in Unrealized Appreciation (Depreciation) | 304,123 | 152,410 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 638,005 | 327,359 | |
Distributions | |||
ETF Shares | (428,201) | (497,478) | |
Admiral Shares | (53,932) | (79,631) | |
Institutional Shares | (30,979) | (38,287) | |
Total Distributions | (513,112) | (615,396) | |
Capital Share Transactions | |||
ETF Shares | (2,357,239) | 7,152,585 | |
Admiral Shares | (209,110) | 457,577 | |
Institutional Shares | 31,356 | 513,042 | |
Net Increase (Decrease) from Capital Share Transactions | (2,534,993) | 8,123,204 | |
Total Increase (Decrease) | (2,410,100) | 7,835,167 | |
Net Assets | |||
Beginning of Period | 26,998,685 | 19,163,518 | |
End of Period | 24,588,585 | 26,998,685 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $57.77 | $58.51 | $61.50 | $62.13 | $61.12 | $59.89 |
Investment Operations | ||||||
Net Investment Income1 | 1.121 | 1.625 | .368 | .288 | .956 | 1.430 |
Net Realized and Unrealized Gain (Loss) on Investments | .276 | (.919) | (2.860) | (.220) | 1.115 | 1.165 |
Total from Investment Operations | 1.397 | .706 | (2.492) | .068 | 2.071 | 2.595 |
Distributions | ||||||
Dividends from Net Investment Income | (1.117) | (1.446) | (.310) | (.325) | (1.061) | (1.365) |
Distributions from Realized Capital Gains | — | — | (.188) | (.373) | — | — |
Total Distributions | (1.117) | (1.446) | (.498) | (.698) | (1.061) | (1.365) |
Net Asset Value, End of Period | $58.05 | $57.77 | $58.51 | $61.50 | $62.13 | $61.12 |
Total Return | 2.44% | 1.23% | -4.07% | 0.11% | 3.43% | 4.39% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $20,237 | $22,488 | $15,565 | $13,394 | $9,140 | $5,334 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.04%2 | 0.04%2 | 0.04% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 3.89% | 2.81% | 0.61% | 0.47% | 1.55% | 2.37% |
Portfolio Turnover Rate3 | 44% | 81% | 59% | 66% | 67% | 55% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $19.22 | $19.50 | $20.51 | $20.71 | $20.35 | $19.95 |
Investment Operations | ||||||
Net Investment Income1 | .371 | .529 | .114 | .095 | .312 | .472 |
Net Realized and Unrealized Gain (Loss) on Investments | .085 | (.294) | (.949) | (.078) | .375 | .384 |
Total from Investment Operations | .456 | .235 | (.835) | .017 | .687 | .856 |
Distributions | ||||||
Dividends from Net Investment Income | (.376) | (.515) | (.112) | (.093) | (.327) | (.456) |
Distributions from Realized Capital Gains | — | — | (.063) | (.124) | — | — |
Total Distributions | (.376) | (.515) | (.175) | (.217) | (.327) | (.456) |
Net Asset Value, End of Period | $19.30 | $19.22 | $19.50 | $20.51 | $20.71 | $20.35 |
Total Return2 | 2.39% | 1.22% | -4.09% | 0.08% | 3.41% | 4.34% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,728 | $2,925 | $2,506 | $2,430 | $2,748 | $1,596 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07%3 | 0.07%3 | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 3.86% | 2.74% | 0.57% | 0.46% | 1.52% | 2.35% |
Portfolio Turnover Rate4 | 44% | 81% | 59% | 66% | 67% | 55% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $24.14 | $24.50 | $25.77 | $26.02 | $25.57 | $25.06 |
Investment Operations | ||||||
Net Investment Income1 | .469 | .680 | .145 | .120 | .421 | .598 |
Net Realized and Unrealized Gain (Loss) on Investments | .116 | (.389) | (1.191) | (.092) | .445 | .490 |
Total from Investment Operations | .585 | .291 | (1.046) | .028 | .866 | 1.088 |
Distributions | ||||||
Dividends from Net Investment Income | (.475) | (.651) | (.145) | (.122) | (.416) | (.578) |
Distributions from Realized Capital Gains | — | — | (.079) | (.156) | — | — |
Total Distributions | (.475) | (.651) | (.224) | (.278) | (.416) | (.578) |
Net Asset Value, End of Period | $24.25 | $24.14 | $24.50 | $25.77 | $26.02 | $25.57 |
Total Return | 2.44% | 1.21% | -4.08% | 0.11% | 3.42% | 4.40% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,623 | $1,586 | $1,092 | $1,138 | $1,104 | $974 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05%2 | 0.05%2 | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 3.89% | 2.80% | 0.58% | 0.47% | 1.63% | 2.37% |
Portfolio Turnover Rate3 | 44% | 81% | 59% | 66% | 67% | 55% |
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 | — | 24,384,650 | — | 24,384,650 |
Temporary Cash Investments | 100,867 | — | — | 100,867 |
Total | 100,867 | 24,384,650 | — | 24,485,517 |
Amount ($000) | |
Tax Cost | 24,685,502 |
Gross Unrealized Appreciation | 16,448 |
Gross Unrealized Depreciation | (216,433) |
Net Unrealized Appreciation (Depreciation) | (199,985) |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 3,193,998 | 55,066 | 10,084,732 | 173,852 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (5,551,237) | (95,700) | (2,932,147) | (50,650) | |
Net Increase (Decrease)—ETF Shares | (2,357,239) | (40,634) | 7,152,585 | 123,202 | |
Admiral Shares | |||||
Issued | 579,338 | 30,017 | 2,114,007 | 109,455 | |
Issued in Lieu of Cash Distributions | 41,695 | 2,161 | 60,002 | 3,110 | |
Redeemed | (830,143) | (43,056) | (1,716,432) | (88,878) | |
Net Increase (Decrease)—Admiral Shares | (209,110) | (10,878) | 457,577 | 23,687 | |
Institutional Shares | |||||
Issued | 238,017 | 9,802 | 1,023,295 | 42,143 | |
Issued in Lieu of Cash Distributions | 29,092 | 1,200 | 35,147 | 1,450 | |
Redeemed | (235,753) | (9,737) | (545,400) | (22,488) | |
Net Increase (Decrease)—Institutional Shares | 31,356 | 1,265 | 513,042 | 21,105 |
2 - 4 Years | 23.7% |
4 - 6 Years | 40.0 |
6 - 8 Years | 22.0 |
8 - 10 Years | 14.3 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (99.2%) | ||||||
U.S. Government Securities (99.2%) | ||||||
United States Treasury Note/Bond | 0.625% | 3/31/27 | 141,626 | 126,379 | ||
United States Treasury Note/Bond | 2.500% | 3/31/27 | 261,142 | 246,942 | ||
United States Treasury Note/Bond | 0.500% | 4/30/27 | 197,906 | 175,301 | ||
United States Treasury Note/Bond | 2.750% | 4/30/27 | 299,027 | 284,543 | ||
United States Treasury Note/Bond | 2.375% | 5/15/27 | 337,490 | 317,188 | ||
United States Treasury Note/Bond | 0.500% | 5/31/27 | 194,117 | 171,430 | ||
United States Treasury Note/Bond | 2.625% | 5/31/27 | 292,502 | 276,871 | ||
United States Treasury Note/Bond | 0.500% | 6/30/27 | 225,965 | 198,990 | ||
United States Treasury Note/Bond | 3.250% | 6/30/27 | 284,753 | 274,787 | ||
United States Treasury Note/Bond | 0.375% | 7/31/27 | 266,017 | 232,474 | ||
United States Treasury Note/Bond | 2.750% | 7/31/27 | 292,905 | 277,848 | ||
United States Treasury Note/Bond | 2.250% | 8/15/27 | 274,060 | 255,475 | ||
United States Treasury Note/Bond | 6.375% | 8/15/27 | 31,790 | 33,707 | ||
United States Treasury Note/Bond | 0.500% | 8/31/27 | 233,159 | 204,123 | ||
United States Treasury Note/Bond | 3.125% | 8/31/27 | 279,688 | 268,413 | ||
United States Treasury Note/Bond | 0.375% | 9/30/27 | 326,055 | 283,311 | ||
United States Treasury Note/Bond | 4.125% | 9/30/27 | 272,421 | 270,208 | ||
United States Treasury Note/Bond | 0.500% | 10/31/27 | 293,944 | 255,869 | ||
United States Treasury Note/Bond | 4.125% | 10/31/27 | 248,796 | 246,775 | ||
United States Treasury Note/Bond | 2.250% | 11/15/27 | 313,147 | 290,737 | ||
United States Treasury Note/Bond | 6.125% | 11/15/27 | 45,156 | 47,760 | ||
United States Treasury Note/Bond | 0.625% | 11/30/27 | 341,235 | 297,674 | ||
United States Treasury Note/Bond | 3.875% | 11/30/27 | 270,831 | 266,345 | ||
United States Treasury Note/Bond | 0.625% | 12/31/27 | 354,715 | 308,547 | ||
United States Treasury Note/Bond | 3.875% | 12/31/27 | 269,127 | 264,628 | ||
United States Treasury Note/Bond | 0.750% | 1/31/28 | 380,142 | 331,496 | ||
United States Treasury Note/Bond | 3.500% | 1/31/28 | 250,178 | 242,673 | ||
United States Treasury Note/Bond | 2.750% | 2/15/28 | 380,075 | 358,280 | ||
United States Treasury Note/Bond | 1.125% | 2/29/28 | 422,871 | 373,514 | ||
United States Treasury Note/Bond | 4.000% | 2/29/28 | 232,735 | 229,899 | ||
United States Treasury Note/Bond | 1.250% | 3/31/28 | 352,269 | 312,088 | ||
United States Treasury Note/Bond | 3.625% | 3/31/28 | 265,481 | 258,512 | ||
United States Treasury Note/Bond | 1.250% | 4/30/28 | 379,758 | 335,671 | ||
United States Treasury Note/Bond | 3.500% | 4/30/28 | 206,703 | 200,308 | ||
United States Treasury Note/Bond | 2.875% | 5/15/28 | 433,236 | 409,273 | ||
United States Treasury Note/Bond | 1.250% | 5/31/28 | 425,625 | 375,348 | ||
United States Treasury Note/Bond | 3.625% | 5/31/28 | 173,427 | 168,820 | ||
United States Treasury Note/Bond | 1.250% | 6/30/28 | 399,337 | 351,479 | ||
United States Treasury Note/Bond | 4.000% | 6/30/28 | 189,170 | 186,894 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 1.000% | 7/31/28 | 392,162 | 340,568 | ||
United States Treasury Note/Bond | 4.125% | 7/31/28 | 237,080 | 235,413 | ||
United States Treasury Note/Bond | 2.875% | 8/15/28 | 417,066 | 392,954 | ||
United States Treasury Note/Bond | 5.500% | 8/15/28 | 44,984 | 47,135 | ||
United States Treasury Note/Bond | 1.125% | 8/31/28 | 384,932 | 335,372 | ||
United States Treasury Note/Bond | 4.375% | 8/31/28 | 258,737 | 259,546 | ||
United States Treasury Note/Bond | 1.250% | 9/30/28 | 379,638 | 331,946 | ||
United States Treasury Note/Bond | 4.625% | 9/30/28 | 233,487 | 236,661 | ||
United States Treasury Note/Bond | 1.375% | 10/31/28 | 377,283 | 331,243 | ||
United States Treasury Note/Bond | 4.875% | 10/31/28 | 274,620 | 281,314 | ||
United States Treasury Note/Bond | 3.125% | 11/15/28 | 374,369 | 355,884 | ||
United States Treasury Note/Bond | 5.250% | 11/15/28 | 53,185 | 55,246 | ||
United States Treasury Note/Bond | 1.500% | 11/30/28 | 373,051 | 328,868 | ||
United States Treasury Note/Bond | 4.375% | 11/30/28 | 318,564 | 319,908 | ||
United States Treasury Note/Bond | 1.375% | 12/31/28 | 351,552 | 307,333 | ||
United States Treasury Note/Bond | 3.750% | 12/31/28 | 267,982 | 261,869 | ||
United States Treasury Note/Bond | 1.750% | 1/31/29 | 326,451 | 290,133 | ||
United States Treasury Note/Bond | 4.000% | 1/31/29 | 310,517 | 306,927 | ||
United States Treasury Note/Bond | 2.625% | 2/15/29 | 370,261 | 343,012 | ||
United States Treasury Note/Bond | 5.250% | 2/15/29 | 31,475 | 32,719 | ||
United States Treasury Note/Bond | 1.875% | 2/28/29 | 307,612 | 274,688 | ||
United States Treasury Note/Bond | 4.250% | 2/28/29 | 301,834 | 301,881 | ||
United States Treasury Note/Bond | 2.375% | 3/31/29 | 288,714 | 263,812 | ||
United States Treasury Note/Bond | 2.875% | 4/30/29 | 295,119 | 276,121 | ||
United States Treasury Note/Bond | 2.375% | 5/15/29 | 303,110 | 276,493 | ||
United States Treasury Note/Bond | 2.750% | 5/31/29 | 279,794 | 259,859 | ||
United States Treasury Note/Bond | 3.250% | 6/30/29 | 267,901 | 254,841 | ||
United States Treasury Note/Bond | 2.625% | 7/31/29 | 255,109 | 235,019 | ||
United States Treasury Note/Bond | 1.625% | 8/15/29 | 246,833 | 215,940 | ||
United States Treasury Note/Bond | 6.125% | 8/15/29 | 32,110 | 34,864 | ||
United States Treasury Note/Bond | 3.125% | 8/31/29 | 246,474 | 232,610 | ||
United States Treasury Note/Bond | 3.875% | 9/30/29 | 247,659 | 242,745 | ||
United States Treasury Note/Bond | 4.000% | 10/31/29 | 231,304 | 228,015 | ||
United States Treasury Note/Bond | 1.750% | 11/15/29 | 186,643 | 163,663 | ||
United States Treasury Note/Bond | 3.875% | 11/30/29 | 229,129 | 224,475 | ||
United States Treasury Note/Bond | 3.875% | 12/31/29 | 238,596 | 233,675 | ||
United States Treasury Note/Bond | 3.500% | 1/31/30 | 236,467 | 226,898 | ||
United States Treasury Note/Bond | 1.500% | 2/15/30 | 364,888 | 312,207 | ||
United States Treasury Note/Bond | 4.000% | 2/28/30 | 242,324 | 238,727 | ||
United States Treasury Note/Bond | 3.625% | 3/31/30 | 216,152 | 208,620 | ||
United States Treasury Note/Bond | 3.500% | 4/30/30 | 228,318 | 218,757 | ||
United States Treasury Note/Bond | 0.625% | 5/15/30 | 521,514 | 418,678 | ||
United States Treasury Note/Bond | 6.250% | 5/15/30 | 43,858 | 48,422 | ||
United States Treasury Note/Bond | 3.750% | 5/31/30 | 249,852 | 242,591 | ||
United States Treasury Note/Bond | 3.750% | 6/30/30 | 213,262 | 207,031 | ||
United States Treasury Note/Bond | 4.000% | 7/31/30 | 213,883 | 210,575 | ||
United States Treasury Note/Bond | 0.625% | 8/15/30 | 649,346 | 516,940 | ||
United States Treasury Note/Bond | 4.125% | 8/31/30 | 230,319 | 228,268 | ||
United States Treasury Note/Bond | 4.625% | 9/30/30 | 196,488 | 200,356 | ||
United States Treasury Note/Bond | 4.875% | 10/31/30 | 221,340 | 228,879 | ||
United States Treasury Note/Bond | 0.875% | 11/15/30 | 616,517 | 496,296 | ||
United States Treasury Note/Bond | 4.375% | 11/30/30 | 268,044 | 269,510 | ||
United States Treasury Note/Bond | 3.750% | 12/31/30 | 227,207 | 220,213 | ||
United States Treasury Note/Bond | 4.000% | 1/31/31 | 218,282 | 214,803 | ||
United States Treasury Note/Bond | 1.125% | 2/15/31 | 581,855 | 474,394 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 5.375% | 2/15/31 | 21,121 | 22,573 | ||
United States Treasury Note/Bond | 4.250% | 2/28/31 | 211,128 | 210,897 | ||
United States Treasury Note/Bond | 1.625% | 5/15/31 | 615,493 | 515,860 | ||
United States Treasury Note/Bond | 1.250% | 8/15/31 | 715,401 | 579,251 | ||
United States Treasury Note/Bond | 1.375% | 11/15/31 | 710,071 | 576,489 | ||
United States Treasury Note/Bond | 1.875% | 2/15/32 | 679,435 | 570,619 | ||
United States Treasury Note/Bond | 2.875% | 5/15/32 | 655,866 | 592,944 | ||
United States Treasury Note/Bond | 2.750% | 8/15/32 | 634,010 | 566,052 | ||
United States Treasury Note/Bond | 4.125% | 11/15/32 | 629,061 | 622,377 | ||
United States Treasury Note/Bond | 3.500% | 2/15/33 | 624,899 | 589,553 | ||
United States Treasury Note/Bond | 3.375% | 5/15/33 | 614,829 | 573,712 | ||
United States Treasury Note/Bond | 3.875% | 8/15/33 | 669,018 | 649,052 | ||
United States Treasury Note/Bond | 4.500% | 11/15/33 | 618,609 | 630,402 | ||
United States Treasury Note/Bond | 4.000% | 2/15/34 | 244,777 | 239,958 | ||
Total U.S. Government and Agency Obligations (Cost $32,402,162) | 31,245,236 | |||||
Shares | ||||||
Temporary Cash Investments (0.5%) | ||||||
Money Market Fund (0.5%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $158,184) | 5.400% | 1,582,046 | 158,188 | ||
Total Investments (99.7%) (Cost $32,560,346) | 31,403,424 | |||||
Other Assets and Liabilities—Net (0.3%) | 108,705 | |||||
Net Assets (100%) | 31,512,129 |
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 $32,402,162) | 31,245,236 |
Affiliated Issuers (Cost $158,184) | 158,188 |
Total Investments in Securities | 31,403,424 |
Investment in Vanguard | 897 |
Cash | 61 |
Receivables for Investment Securities Sold | 1,239,880 |
Receivables for Accrued Income | 167,557 |
Receivables for Capital Shares Issued | 24,902 |
Total Assets | 32,836,721 |
Liabilities | |
Payables for Investment Securities Purchased | 1,315,441 |
Payables for Capital Shares Redeemed | 6,899 |
Payables for Distributions | 1,745 |
Payables to Vanguard | 507 |
Total Liabilities | 1,324,592 |
Net Assets | 31,512,129 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 33,451,272 |
Total Distributable Earnings (Loss) | (1,939,143) |
Net Assets | 31,512,129 |
ETF Shares—Net Assets | |
Applicable to 432,831,284 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 25,258,044 |
Net Asset Value Per Share—ETF Shares | $58.36 |
Admiral Shares—Net Assets | |
Applicable to 193,979,082 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,814,493 |
Net Asset Value Per Share—Admiral Shares | $19.66 |
Institutional Shares—Net Assets | |
Applicable to 99,969,753 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,439,592 |
Net Asset Value Per Share—Institutional Shares | $24.40 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 441,533 |
Total Income | 441,533 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 275 |
Management and Administrative—ETF Shares | 2,957 |
Management and Administrative—Admiral Shares | 1,055 |
Management and Administrative—Institutional Shares | 480 |
Marketing and Distribution—ETF Shares | 558 |
Marketing and Distribution—Admiral Shares | 96 |
Marketing and Distribution—Institutional Shares | 46 |
Custodian Fees | 64 |
Shareholders’ Reports—ETF Shares | 277 |
Shareholders’ Reports—Admiral Shares | 15 |
Shareholders’ Reports—Institutional Shares | 15 |
Trustees’ Fees and Expenses | 10 |
Other Expenses | 7 |
Total Expenses | 5,855 |
Net Investment Income | 435,678 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | (241,576) |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | 394,068 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 588,170 |
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 $1,449,000, ($2,000), $1,000, and $2,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $36,012,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 435,678 | 461,369 | |
Realized Net Gain (Loss) | (241,576) | (333,139) | |
Change in Unrealized Appreciation (Depreciation) | 394,068 | (331,014) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 588,170 | (202,784) | |
Distributions | |||
ETF Shares | (317,871) | (317,690) | |
Admiral Shares | (56,175) | (72,063) | |
Institutional Shares | (37,116) | (49,079) | |
Total Distributions | (411,162) | (438,832) | |
Capital Share Transactions | |||
ETF Shares | 8,106,622 | 5,733,607 | |
Admiral Shares | 635,147 | 389,104 | |
Institutional Shares | 230,910 | 569,217 | |
Net Increase (Decrease) from Capital Share Transactions | 8,972,679 | 6,691,928 | |
Total Increase (Decrease) | 9,149,687 | 6,050,312 | |
Net Assets | |||
Beginning of Period | 22,362,442 | 16,312,130 | |
End of Period | 31,512,129 | 22,362,442 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $58.20 | $60.34 | $68.27 | $70.46 | $67.26 | $62.67 |
Investment Operations | ||||||
Net Investment Income1 | .965 | 1.473 | .858 | .809 | 1.239 | 1.515 |
Net Realized and Unrealized Gain (Loss) on Investments | .111 | (2.221) | (7.617) | (1.692) | 3.248 | 4.552 |
Total from Investment Operations | 1.076 | (.748) | (6.759) | (.883) | 4.487 | 6.067 |
Distributions | ||||||
Dividends from Net Investment Income | (.916) | (1.392) | (.805) | (.820) | (1.287) | (1.477) |
Distributions from Realized Capital Gains | — | — | (.366) | (.487) | — | — |
Total Distributions | (.916) | (1.392) | (1.171) | (1.307) | (1.287) | (1.477) |
Net Asset Value, End of Period | $58.36 | $58.20 | $60.34 | $68.27 | $70.46 | $67.26 |
Total Return | 1.87% | -1.25% | -10.01% | -1.26% | 6.76% | 9.84% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $25,258 | $16,995 | $11,726 | $8,147 | $6,547 | $4,353 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.04%2 | 0.04%2 | 0.04% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 3.35% | 2.50% | 1.34% | 1.18% | 1.80% | 2.36% |
Portfolio Turnover Rate3 | 27% | 36% | 36% | 33% | 28% | 29% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $19.62 | $20.35 | $23.04 | $23.78 | $22.68 | $21.13 |
Investment Operations | ||||||
Net Investment Income1 | .323 | .490 | .283 | .267 | .416 | .507 |
Net Realized and Unrealized Gain (Loss) on Investments | .028 | (.741) | (2.575) | (.577) | 1.101 | 1.540 |
Total from Investment Operations | .351 | (.251) | (2.292) | (.310) | 1.517 | 2.047 |
Distributions | ||||||
Dividends from Net Investment Income | (.311) | (.479) | (.274) | (.265) | (.417) | (.497) |
Distributions from Realized Capital Gains | — | — | (.124) | (.165) | — | — |
Total Distributions | (.311) | (.479) | (.398) | (.430) | (.417) | (.497) |
Net Asset Value, End of Period | $19.66 | $19.62 | $20.35 | $23.04 | $23.78 | $22.68 |
Total Return2 | 1.81% | -1.24% | -10.05% | -1.31% | 6.76% | 9.83% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $3,814 | $3,165 | $2,886 | $2,646 | $2,740 | $1,887 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07%3 | 0.07%3 | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 3.31% | 2.46% | 1.31% | 1.15% | 1.79% | 2.34% |
Portfolio Turnover Rate4 | 27% | 36% | 36% | 33% | 28% | 29% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $24.34 | $25.26 | $28.60 | $29.51 | $28.15 | $26.23 |
Investment Operations | ||||||
Net Investment Income1 | .402 | .615 | .355 | .337 | .527 | .634 |
Net Realized and Unrealized Gain (Loss) on Investments | .047 | (.935) | (3.195) | (.709) | 1.355 | 1.908 |
Total from Investment Operations | .449 | (.320) | (2.840) | (.372) | 1.882 | 2.542 |
Distributions | ||||||
Dividends from Net Investment Income | (.389) | (.600) | (.346) | (.334) | (.522) | (.622) |
Distributions from Realized Capital Gains | — | — | (.154) | (.204) | — | — |
Total Distributions | (.389) | (.600) | (.500) | (.538) | (.522) | (.622) |
Net Asset Value, End of Period | $24.40 | $24.34 | $25.26 | $28.60 | $29.51 | $28.15 |
Total Return | 1.86% | -1.27% | -10.03% | -1.26% | 6.76% | 9.83% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,440 | $2,203 | $1,700 | $1,725 | $1,558 | $1,183 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05%2 | 0.05%2 | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 3.33% | 2.49% | 1.32% | 1.17% | 1.83% | 2.36% |
Portfolio Turnover Rate3 | 27% | 36% | 36% | 33% | 28% | 29% |
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 | — | 31,245,236 | — | 31,245,236 |
Temporary Cash Investments | 158,188 | — | — | 158,188 |
Total | 158,188 | 31,245,236 | — | 31,403,424 |
Amount ($000) | |
Tax Cost | 32,581,263 |
Gross Unrealized Appreciation | 101,795 |
Gross Unrealized Depreciation | (1,279,634) |
Net Unrealized Appreciation (Depreciation) | (1,177,839) |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 9,429,342 | 163,623 | 9,621,840 | 163,663 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (1,322,720) | (22,800) | (3,888,233) | (66,000) | |
Net Increase (Decrease)—ETF Shares | 8,106,622 | 140,823 | 5,733,607 | 97,663 |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
Admiral Shares | |||||
Issued | 1,235,008 | 63,183 | 1,307,777 | 65,770 | |
Issued in Lieu of Cash Distributions | 48,653 | 2,481 | 64,124 | 3,227 | |
Redeemed | (648,514) | (33,003) | (982,797) | (49,462) | |
Net Increase (Decrease)—Admiral Shares | 635,147 | 32,661 | 389,104 | 19,535 | |
Institutional Shares | |||||
Issued | 453,504 | 18,646 | 846,843 | 34,426 | |
Issued in Lieu of Cash Distributions | 35,051 | 1,441 | 45,259 | 1,835 | |
Redeemed | (257,645) | (10,589) | (322,885) | (13,101) | |
Net Increase (Decrease)—Institutional Shares | 230,910 | 9,498 | 569,217 | 23,160 |
10 - 15 Years | 1.5% |
15 - 20 Years | 40.0 |
20 - 25 Years | 20.3 |
Over 25 Years | 38.2 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (99.1%) | ||||||
U.S. Government Securities (99.1%) | ||||||
United States Treasury Note/Bond | 4.500% | 2/15/36 | 50,342 | 52,065 | ||
United States Treasury Note/Bond | 4.750% | 2/15/37 | 30,366 | 32,046 | ||
United States Treasury Note/Bond | 5.000% | 5/15/37 | 35,998 | 38,827 | ||
United States Treasury Note/Bond | 4.375% | 2/15/38 | 38,854 | 39,285 | ||
United States Treasury Note/Bond | 4.500% | 5/15/38 | 46,086 | 47,101 | ||
United States Treasury Note/Bond | 3.500% | 2/15/39 | 44,155 | 40,140 | ||
United States Treasury Note/Bond | 4.250% | 5/15/39 | 76,393 | 75,534 | ||
United States Treasury Note/Bond | 4.500% | 8/15/39 | 83,304 | 84,605 | ||
United States Treasury Note/Bond | 4.375% | 11/15/39 | 94,356 | 94,297 | ||
United States Treasury Note/Bond | 4.625% | 2/15/40 | 99,609 | 102,255 | ||
United States Treasury Note/Bond | 1.125% | 5/15/40 | 305,129 | 188,226 | ||
United States Treasury Note/Bond | 4.375% | 5/15/40 | 97,889 | 97,461 | ||
United States Treasury Note/Bond | 1.125% | 8/15/40 | 373,703 | 228,251 | ||
United States Treasury Note/Bond | 3.875% | 8/15/40 | 103,910 | 97,124 | ||
United States Treasury Note/Bond | 1.375% | 11/15/40 | 416,915 | 264,546 | ||
United States Treasury Note/Bond | 4.250% | 11/15/40 | 96,203 | 93,993 | ||
United States Treasury Note/Bond | 1.875% | 2/15/41 | 500,509 | 344,804 | ||
United States Treasury Note/Bond | 4.750% | 2/15/41 | 100,145 | 103,806 | ||
United States Treasury Note/Bond | 2.250% | 5/15/41 | 432,590 | 315,791 | ||
United States Treasury Note/Bond | 4.375% | 5/15/41 | 95,697 | 94,621 | ||
United States Treasury Note/Bond | 1.750% | 8/15/41 | 563,834 | 375,390 | ||
United States Treasury Note/Bond | 3.750% | 8/15/41 | 104,372 | 95,174 | ||
United States Treasury Note/Bond | 2.000% | 11/15/41 | 472,019 | 326,652 | ||
United States Treasury Note/Bond | 3.125% | 11/15/41 | 102,191 | 85,042 | ||
United States Treasury Note/Bond | 2.375% | 2/15/42 | 382,547 | 281,172 | ||
United States Treasury Note/Bond | 3.125% | 2/15/42 | 106,690 | 88,436 | ||
United States Treasury Note/Bond | 3.000% | 5/15/42 | 102,537 | 83,071 | ||
United States Treasury Note/Bond | 3.250% | 5/15/42 | 341,376 | 287,076 | ||
United States Treasury Note/Bond | 2.750% | 8/15/42 | 115,622 | 89,932 | ||
United States Treasury Note/Bond | 3.375% | 8/15/42 | 293,569 | 251,002 | ||
United States Treasury Note/Bond | 2.750% | 11/15/42 | 167,171 | 129,531 | ||
United States Treasury Note/Bond | 4.000% | 11/15/42 | 289,618 | 270,386 | ||
United States Treasury Note/Bond | 3.125% | 2/15/43 | 144,119 | 118,268 | ||
United States Treasury Note/Bond | 3.875% | 2/15/43 | 295,484 | 270,645 | ||
United States Treasury Note/Bond | 2.875% | 5/15/43 | 225,018 | 177,026 | ||
United States Treasury Note/Bond | 3.875% | 5/15/43 | 290,340 | 265,480 | ||
United States Treasury Note/Bond | 3.625% | 8/15/43 | 159,868 | 140,909 | ||
United States Treasury Note/Bond | 4.375% | 8/15/43 | 305,486 | 299,185 | ||
United States Treasury Note/Bond | 3.750% | 11/15/43 | 158,781 | 142,357 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
United States Treasury Note/Bond | 4.750% | 11/15/43 | 303,987 | 312,869 | ||
United States Treasury Note/Bond | 3.625% | 2/15/44 | 168,448 | 148,050 | ||
United States Treasury Note/Bond | 4.500% | 2/15/44 | 105,023 | 105,023 | ||
United States Treasury Note/Bond | 3.375% | 5/15/44 | 153,058 | 129,382 | ||
United States Treasury Note/Bond | 3.125% | 8/15/44 | 198,977 | 161,420 | ||
United States Treasury Note/Bond | 3.000% | 11/15/44 | 171,734 | 136,206 | ||
United States Treasury Note/Bond | 2.500% | 2/15/45 | 230,412 | 166,977 | ||
United States Treasury Note/Bond | 3.000% | 5/15/45 | 107,049 | 84,652 | ||
United States Treasury Note/Bond | 2.875% | 8/15/45 | 152,241 | 117,535 | ||
United States Treasury Note/Bond | 3.000% | 11/15/45 | 93,082 | 73,331 | ||
United States Treasury Note/Bond | 2.500% | 2/15/46 | 186,514 | 133,824 | ||
United States Treasury Note/Bond | 2.500% | 5/15/46 | 189,883 | 135,885 | ||
United States Treasury Note/Bond | 2.250% | 8/15/46 | 236,420 | 160,544 | ||
United States Treasury Note/Bond | 2.875% | 11/15/46 | 106,344 | 81,353 | ||
United States Treasury Note/Bond | 3.000% | 2/15/47 | 210,376 | 164,389 | ||
United States Treasury Note/Bond | 3.000% | 5/15/47 | 167,681 | 130,818 | ||
United States Treasury Note/Bond | 2.750% | 8/15/47 | 241,090 | 179,235 | ||
United States Treasury Note/Bond | 2.750% | 11/15/47 | 247,028 | 183,264 | ||
United States Treasury Note/Bond | 3.000% | 2/15/48 | 281,996 | 219,119 | ||
United States Treasury Note/Bond | 3.125% | 5/15/48 | 301,231 | 239,337 | ||
United States Treasury Note/Bond | 3.000% | 8/15/48 | 329,148 | 255,347 | ||
United States Treasury Note/Bond | 3.375% | 11/15/48 | 336,712 | 279,629 | ||
United States Treasury Note/Bond | 3.000% | 2/15/49 | 354,366 | 274,578 | ||
United States Treasury Note/Bond | 2.875% | 5/15/49 | 344,083 | 260,105 | ||
United States Treasury Note/Bond | 2.250% | 8/15/49 | 320,164 | 212,109 | ||
United States Treasury Note/Bond | 2.375% | 11/15/49 | 299,968 | 204,072 | ||
United States Treasury Note/Bond | 2.000% | 2/15/50 | 378,188 | 235,422 | ||
United States Treasury Note/Bond | 1.250% | 5/15/50 | 432,265 | 219,510 | ||
United States Treasury Note/Bond | 1.375% | 8/15/50 | 489,934 | 257,139 | ||
United States Treasury Note/Bond | 1.625% | 11/15/50 | 482,137 | 270,750 | ||
United States Treasury Note/Bond | 1.875% | 2/15/51 | 546,500 | 327,217 | ||
United States Treasury Note/Bond | 2.375% | 5/15/51 | 556,872 | 375,888 | ||
United States Treasury Note/Bond | 2.000% | 8/15/51 | 544,907 | 335,714 | ||
United States Treasury Note/Bond | 1.875% | 11/15/51 | 512,795 | 305,674 | ||
United States Treasury Note/Bond | 2.250% | 2/15/52 | 463,349 | 303,204 | ||
United States Treasury Note/Bond | 2.875% | 5/15/52 | 441,120 | 332,356 | ||
United States Treasury Note/Bond | 3.000% | 8/15/52 | 420,137 | 324,950 | ||
United States Treasury Note/Bond | 4.000% | 11/15/52 | 423,579 | 396,708 | ||
United States Treasury Note/Bond | 3.625% | 2/15/53 | 419,065 | 366,485 | ||
United States Treasury Note/Bond | 3.625% | 5/15/53 | 419,029 | 366,781 | ||
United States Treasury Note/Bond | 4.125% | 8/15/53 | 459,939 | 440,607 | ||
United States Treasury Note/Bond | 4.750% | 11/15/53 | 483,489 | 514,689 | ||
United States Treasury Note/Bond | 4.250% | 2/15/54 | 183,862 | 180,472 | ||
Total U.S. Government and Agency Obligations (Cost $18,671,691) | 16,314,131 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (1.0%) | ||||||
Money Market Fund (1.0%) | ||||||
1 | Vanguard Market Liquidity Fund (Cost $164,512) | 5.400% | 1,645,308 | 164,514 | ||
Total Investments (100.1%) (Cost $18,836,203) | 16,478,645 | |||||
Other Assets and Liabilities—Net (-0.1%) | (13,903) | |||||
Net Assets (100%) | 16,464,742 |
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 $18,671,691) | 16,314,131 |
Affiliated Issuers (Cost $164,512) | 164,514 |
Total Investments in Securities | 16,478,645 |
Investment in Vanguard | 487 |
Receivables for Investment Securities Sold | 147,961 |
Receivables for Accrued Income | 101,075 |
Receivables for Capital Shares Issued | 2,159 |
Total Assets | 16,730,327 |
Liabilities | |
Payables for Investment Securities Purchased | 263,418 |
Payables for Capital Shares Redeemed | 1,086 |
Payables for Distributions | 813 |
Payables to Vanguard | 268 |
Total Liabilities | 265,585 |
Net Assets | 16,464,742 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 20,002,857 |
Total Distributable Earnings (Loss) | (3,538,115) |
Net Assets | 16,464,742 |
ETF Shares—Net Assets | |
Applicable to 201,411,952 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 11,835,160 |
Net Asset Value Per Share—ETF Shares | $58.76 |
Admiral Shares—Net Assets | |
Applicable to 62,916,969 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,240,091 |
Net Asset Value Per Share—Admiral Shares | $19.71 |
Institutional Shares—Net Assets | |
Applicable to 135,493,705 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 3,389,491 |
Net Asset Value Per Share—Institutional Shares | $25.02 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 259,080 |
Total Income | 259,080 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 139 |
Management and Administrative—ETF Shares | 1,146 |
Management and Administrative—Admiral Shares | 335 |
Management and Administrative—Institutional Shares | 655 |
Marketing and Distribution—ETF Shares | 248 |
Marketing and Distribution—Admiral Shares | 31 |
Marketing and Distribution—Institutional Shares | 61 |
Custodian Fees | 35 |
Shareholders’ Reports—ETF Shares | 263 |
Shareholders’ Reports—Admiral Shares | 6 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 5 |
Other Expenses | 7 |
Total Expenses | 2,932 |
Net Investment Income | 256,148 |
Realized Net Gain (Loss) on Investment Securities Sold1,2 | (412,959) |
Change in Unrealized Appreciation (Depreciation) of Investment Securities1 | 304,612 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 147,801 |
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 $1,174,000, ($12,000), less than $1,000, and $1,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes $82,640,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 256,148 | 279,046 | |
Realized Net Gain (Loss) | (412,959) | (525,315) | |
Change in Unrealized Appreciation (Depreciation) | 304,612 | (756,078) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 147,801 | (1,002,347) | |
Distributions | |||
ETF Shares | (163,931) | (144,706) | |
Admiral Shares | (21,073) | (34,189) | |
Institutional Shares | (58,281) | (86,373) | |
Total Distributions | (243,285) | (265,268) | |
Capital Share Transactions | |||
ETF Shares | 4,532,081 | 4,221,359 | |
Admiral Shares | 167,782 | (94,992) | |
Institutional Shares | 422,579 | 810,730 | |
Net Increase (Decrease) from Capital Share Transactions | 5,122,442 | 4,937,097 | |
Total Increase (Decrease) | 5,026,958 | 3,669,482 | |
Net Assets | |||
Beginning of Period | 11,437,784 | 7,768,302 | |
End of Period | 16,464,742 | 11,437,784 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $59.98 | $68.45 | $90.37 | $98.93 | $90.17 | $74.33 |
Investment Operations | ||||||
Net Investment Income1 | 1.129 | 2.008 | 1.718 | 1.645 | 1.915 | 2.115 |
Net Realized and Unrealized Gain (Loss) on Investments | (1.256) | (8.567) | (21.974) | (8.289) | 8.772 | 15.798 |
Total from Investment Operations | (.127) | (6.559) | (20.256) | (6.644) | 10.687 | 17.913 |
Distributions | ||||||
Dividends from Net Investment Income | (1.093) | (1.911) | (1.664) | (1.625) | (1.927) | (2.073) |
Distributions from Realized Capital Gains | — | — | — | (.291) | — | — |
Total Distributions | (1.093) | (1.911) | (1.664) | (1.916) | (1.927) | (2.073) |
Net Asset Value, End of Period | $58.76 | $59.98 | $68.45 | $90.37 | $98.93 | $90.17 |
Total Return | -0.17% | -9.70% | -22.69% | -6.73% | 12.02% | 24.69% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $11,835 | $7,322 | $3,813 | $2,366 | $2,138 | $1,282 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.04%2 | 0.04%2 | 0.04% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 3.92% | 3.19% | 2.19% | 1.81% | 2.03% | 2.75% |
Portfolio Turnover Rate3 | 10% | 20% | 19% | 22% | 29% | 16% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $20.12 | $22.98 | $30.35 | $33.24 | $30.28 | $24.95 |
Investment Operations | ||||||
Net Investment Income1 | .376 | .659 | .565 | .545 | .637 | .706 |
Net Realized and Unrealized Gain (Loss) on Investments | (.423) | (2.873) | (7.380) | (2.799) | 2.955 | 5.316 |
Total from Investment Operations | (.047) | (2.214) | (6.815) | (2.254) | 3.592 | 6.022 |
Distributions | ||||||
Dividends from Net Investment Income | (.363) | (.646) | (.555) | (.538) | (.632) | (.692) |
Distributions from Realized Capital Gains | — | — | — | (.098) | — | — |
Total Distributions | (.363) | (.646) | (.555) | (.636) | (.632) | (.692) |
Net Asset Value, End of Period | $19.71 | $20.12 | $22.98 | $30.35 | $33.24 | $30.28 |
Total Return2 | -0.18% | -9.73% | -22.69% | -6.78% | 12.00% | 24.67% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,240 | $1,089 | $1,369 | $1,947 | $1,800 | $1,053 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07%3 | 0.07%3 | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 3.90% | 3.10% | 2.09% | 1.79% | 2.01% | 2.73% |
Portfolio Turnover Rate4 | 10% | 20% | 19% | 22% | 29% | 16% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $25.54 | $29.16 | $38.52 | $42.19 | $38.43 | $31.66 |
Investment Operations | ||||||
Net Investment Income1 | .479 | .847 | .727 | .699 | .822 | .902 |
Net Realized and Unrealized Gain (Loss) on Investments | (.536) | (3.641) | (9.376) | (3.554) | 3.748 | 6.753 |
Total from Investment Operations | (.057) | (2.794) | (8.649) | (2.855) | 4.570 | 7.655 |
Distributions | ||||||
Dividends from Net Investment Income | (.463) | (.826) | (.711) | (.691) | (.810) | (.885) |
Distributions from Realized Capital Gains | — | — | — | (.124) | — | — |
Total Distributions | (.463) | (.826) | (.711) | (.815) | (.810) | (.885) |
Net Asset Value, End of Period | $25.02 | $25.54 | $29.16 | $38.52 | $42.19 | $38.43 |
Total Return | -0.17% | -9.68% | -22.69% | -6.77% | 12.03% | 24.71% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $3,389 | $3,026 | $2,586 | $2,038 | $1,234 | $1,054 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05%2 | 0.05%2 | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 3.92% | 3.14% | 2.15% | 1.82% | 2.06% | 2.75% |
Portfolio Turnover Rate3 | 10% | 20% | 19% | 22% | 29% | 16% |
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 | — | 16,314,131 | — | 16,314,131 |
Temporary Cash Investments | 164,514 | — | — | 164,514 |
Total | 164,514 | 16,314,131 | — | 16,478,645 |
Amount ($000) | |
Tax Cost | 18,993,843 |
Gross Unrealized Appreciation | 104,197 |
Gross Unrealized Depreciation | (2,619,395) |
Net Unrealized Appreciation (Depreciation) | (2,515,198) |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 5,462,260 | 95,265 | 5,332,779 | 84,159 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (930,179) | (15,925) | (1,111,420) | (17,800) | |
Net Increase (Decrease)—ETF Shares | 4,532,081 | 79,340 | 4,221,359 | 66,359 | |
Admiral Shares | |||||
Issued | 376,288 | 19,565 | 586,170 | 27,686 | |
Issued in Lieu of Cash Distributions | 17,041 | 882 | 26,126 | 1,235 | |
Redeemed | (225,547) | (11,669) | (707,288) | (34,371) | |
Net Increase (Decrease)—Admiral Shares | 167,782 | 8,778 | (94,992) | (5,450) | |
Institutional Shares | |||||
Issued | 584,484 | 23,653 | 1,131,496 | 41,642 | |
Issued in Lieu of Cash Distributions | 57,599 | 2,350 | 85,634 | 3,189 | |
Redeemed | (219,504) | (9,017) | (406,400) | (14,995) | |
Net Increase (Decrease)—Institutional Shares | 422,579 | 16,986 | 810,730 | 29,836 |
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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 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Short-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,034.40 | $0.20 |
Admiral™ Shares | 1,000.00 | 1,034.60 | 0.35 |
Institutional Shares | 1,000.00 | 1,034.40 | 0.25 |
Intermediate-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,039.50 | $0.20 |
Admiral Shares | 1,000.00 | 1,039.30 | 0.35 |
Institutional Shares | 1,000.00 | 1,039.40 | 0.25 |
Long-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,041.00 | $0.20 |
Admiral Shares | 1,000.00 | 1,040.60 | 0.36 |
Institutional Shares | 1,000.00 | 1,041.10 | 0.25 |
Based on Hypothetical 5% Yearly Return | |||
Short-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,024.66 | $0.20 |
Admiral Shares | 1,000.00 | 1,024.51 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.61 | 0.25 |
Intermediate-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,024.66 | $0.20 |
Admiral Shares | 1,000.00 | 1,024.51 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.61 | 0.25 |
Long-Term Corporate Bond Index Fund | |||
ETF Shares | $1,000.00 | $1,024.66 | $0.20 |
Admiral Shares | 1,000.00 | 1,024.51 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.61 | 0.25 |
Corporate Bonds – Communications | 5.5% |
Corporate Bonds – Consumer Discretionary | 7.3 |
Corporate Bonds – Consumer Staples | 5.7 |
Corporate Bonds – Energy | 5.4 |
Corporate Bonds – Financials | 40.9 |
Corporate Bonds – Health Care | 8.2 |
Corporate Bonds – Industrials | 6.5 |
Corporate Bonds – Materials | 2.0 |
Corporate Bonds – Real Estate | 3.8 |
Corporate Bonds – Technology | 7.6 |
Corporate Bonds – Utilities | 6.0 |
U.S. Government and Agency Obligations | 1.1 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (1.1%) | ||||||
U.S. Government Securities (1.1%) | ||||||
United States Treasury Note/Bond | 4.625% | 2/28/26 | 222,763 | 222,764 | ||
United States Treasury Note/Bond | 4.000% | 1/31/29 | 30,730 | 30,374 | ||
United States Treasury Note/Bond | 4.250% | 2/28/29 | 209,940 | 209,973 | ||
Total U.S. Government and Agency Obligations (Cost $462,853) | 463,111 | |||||
Corporate Bonds (97.7%) | ||||||
Communications (5.4%) | ||||||
Alphabet Inc. | 0.450% | 8/15/25 | 11,127 | 10,462 | ||
Alphabet Inc. | 1.998% | 8/15/26 | 31,350 | 29,442 | ||
Alphabet Inc. | 0.800% | 8/15/27 | 11,789 | 10,415 | ||
AT&T Inc. | 3.875% | 1/15/26 | 18,055 | 17,613 | ||
AT&T Inc. | 5.539% | 2/20/26 | 19,924 | 19,898 | ||
AT&T Inc. | 1.700% | 3/25/26 | 68,258 | 63,464 | ||
AT&T Inc. | 2.950% | 7/15/26 | 1,413 | 1,343 | ||
AT&T Inc. | 3.800% | 2/15/27 | 6,711 | 6,466 | ||
AT&T Inc. | 4.250% | 3/1/27 | 25,414 | 24,772 | ||
AT&T Inc. | 2.300% | 6/1/27 | 43,046 | 39,411 | ||
AT&T Inc. | 1.650% | 2/1/28 | 33,079 | 29,110 | ||
1 | AT&T Inc. | 4.100% | 2/15/28 | 30,248 | 29,163 | |
Baidu Inc. | 3.075% | 4/7/25 | 14,396 | 14,006 | ||
Baidu Inc. | 4.125% | 6/30/25 | 2,840 | 2,786 | ||
Baidu Inc. | 1.720% | 4/9/26 | 9,439 | 8,764 | ||
Baidu Inc. | 1.625% | 2/23/27 | 3,420 | 3,089 | ||
Baidu Inc. | 3.625% | 7/6/27 | 9,876 | 9,404 | ||
Baidu Inc. | 4.375% | 3/29/28 | 8,391 | 8,187 | ||
Booking Holdings Inc. | 3.650% | 3/15/25 | 8,794 | 8,648 | ||
Booking Holdings Inc. | 3.600% | 6/1/26 | 16,330 | 15,826 | ||
Booking Holdings Inc. | 3.550% | 3/15/28 | 9,935 | 9,454 | ||
Charter Communications Operating LLC | 4.908% | 7/23/25 | 81,363 | 80,228 | ||
Charter Communications Operating LLC | 6.150% | 11/10/26 | 14,655 | 14,800 | ||
Charter Communications Operating LLC | 3.750% | 2/15/28 | 30,680 | 28,333 | ||
Charter Communications Operating LLC | 2.250% | 1/15/29 | 20,620 | 17,394 | ||
Comcast Corp. | 3.375% | 8/15/25 | 14,372 | 14,030 | ||
Comcast Corp. | 3.950% | 10/15/25 | 61,699 | 60,630 | ||
Comcast Corp. | 3.150% | 3/1/26 | 32,049 | 30,932 | ||
Comcast Corp. | 2.350% | 1/15/27 | 32,461 | 30,262 | ||
Comcast Corp. | 3.300% | 2/1/27 | 37,085 | 35,553 | ||
Comcast Corp. | 3.300% | 4/1/27 | 13,399 | 12,782 | ||
Comcast Corp. | 5.350% | 11/15/27 | 19,900 | 20,210 | ||
Comcast Corp. | 3.150% | 2/15/28 | 19,807 | 18,575 | ||
Comcast Corp. | 3.550% | 5/1/28 | 19,655 | 18,652 | ||
Comcast Corp. | 4.150% | 10/15/28 | 66,478 | 64,532 | ||
Comcast Corp. | 4.550% | 1/15/29 | 8,478 | 8,341 | ||
Discovery Communications LLC | 3.450% | 3/15/25 | 9,077 | 8,864 | ||
Discovery Communications LLC | 3.950% | 6/15/25 | 5,899 | 5,759 | ||
Discovery Communications LLC | 4.900% | 3/11/26 | 10,364 | 10,204 | ||
Discovery Communications LLC | 3.950% | 3/20/28 | 45,105 | 42,169 | ||
Electronic Arts Inc. | 4.800% | 3/1/26 | 10,049 | 9,995 | ||
Expedia Group Inc. | 5.000% | 2/15/26 | 20,956 | 20,815 | ||
Expedia Group Inc. | 4.625% | 8/1/27 | 21,745 | 21,279 | ||
FactSet Research Systems Inc. | 2.900% | 3/1/27 | 9,307 | 8,692 | ||
Fox Corp. | 3.050% | 4/7/25 | 10,775 | 10,487 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Fox Corp. | 4.709% | 1/25/29 | 32,028 | 31,260 | ||
Interpublic Group of Cos. Inc. | 4.650% | 10/1/28 | 6,276 | 6,146 | ||
2 | KT Corp. | 4.000% | 8/8/25 | 6,037 | 5,919 | |
Meta Platforms Inc. | 3.500% | 8/15/27 | 49,756 | 47,705 | ||
Meta Platforms Inc. | 4.600% | 5/15/28 | 25,098 | 24,999 | ||
Netflix Inc. | 4.375% | 11/15/26 | 14,453 | 14,219 | ||
Netflix Inc. | 4.875% | 4/15/28 | 24,198 | 24,158 | ||
Netflix Inc. | 5.875% | 11/15/28 | 31,302 | 32,430 | ||
Omnicom Group Inc. | 3.600% | 4/15/26 | 21,759 | 21,078 | ||
Paramount Global | 2.900% | 1/15/27 | 17,205 | 15,501 | ||
Paramount Global | 3.375% | 2/15/28 | 5,321 | 4,658 | ||
Paramount Global | 3.700% | 6/1/28 | 11,697 | 10,199 | ||
Rogers Communications Inc. | 2.950% | 3/15/25 | 14,905 | 14,509 | ||
Rogers Communications Inc. | 3.625% | 12/15/25 | 14,006 | 13,573 | ||
Rogers Communications Inc. | 2.900% | 11/15/26 | 3,787 | 3,564 | ||
Rogers Communications Inc. | 3.200% | 3/15/27 | 15,828 | 14,903 | ||
Rogers Communications Inc. | 5.000% | 2/15/29 | 7,553 | 7,483 | ||
Sprint Capital Corp. | 6.875% | 11/15/28 | 41,073 | 43,777 | ||
Sprint LLC | 7.625% | 3/1/26 | 21,051 | 21,754 | ||
Take-Two Interactive Software Inc. | 3.550% | 4/14/25 | 5,977 | 5,855 | ||
Take-Two Interactive Software Inc. | 5.000% | 3/28/26 | 13,935 | 13,859 | ||
Take-Two Interactive Software Inc. | 3.700% | 4/14/27 | 8,193 | 7,833 | ||
Take-Two Interactive Software Inc. | 4.950% | 3/28/28 | 14,475 | 14,354 | ||
TCI Communications Inc. | 7.875% | 2/15/26 | 3,233 | 3,397 | ||
Telefonica Emisiones SA | 4.103% | 3/8/27 | 26,819 | 25,973 | ||
TELUS Corp. | 2.800% | 2/16/27 | 9,937 | 9,309 | ||
Tencent Music Entertainment Group | 1.375% | 9/3/25 | 2,471 | 2,324 | ||
Thomson Reuters Corp. | 3.350% | 5/15/26 | 8,290 | 7,951 | ||
T-Mobile USA Inc. | 3.500% | 4/15/25 | 57,880 | 56,596 | ||
T-Mobile USA Inc. | 1.500% | 2/15/26 | 20,191 | 18,773 | ||
T-Mobile USA Inc. | 2.250% | 2/15/26 | 11,895 | 11,206 | ||
T-Mobile USA Inc. | 2.625% | 4/15/26 | 28,930 | 27,408 | ||
T-Mobile USA Inc. | 3.750% | 4/15/27 | 63,488 | 60,862 | ||
T-Mobile USA Inc. | 5.375% | 4/15/27 | 8,335 | 8,324 | ||
T-Mobile USA Inc. | 4.750% | 2/1/28 | 25,690 | 25,279 | ||
T-Mobile USA Inc. | 2.050% | 2/15/28 | 54,471 | 48,523 | ||
T-Mobile USA Inc. | 4.950% | 3/15/28 | 3,281 | 3,261 | ||
T-Mobile USA Inc. | 4.800% | 7/15/28 | 8,828 | 8,710 | ||
T-Mobile USA Inc. | 2.625% | 2/15/29 | 16,475 | 14,632 | ||
1 | TWDC Enterprises 18 Corp. | 3.150% | 9/17/25 | 21,295 | 20,659 | |
TWDC Enterprises 18 Corp. | 3.000% | 2/13/26 | 19,233 | 18,517 | ||
1 | TWDC Enterprises 18 Corp. | 1.850% | 7/30/26 | 18,734 | 17,413 | |
1 | TWDC Enterprises 18 Corp. | 2.950% | 6/15/27 | 6,460 | 6,118 | |
Verizon Communications Inc. | 0.850% | 11/20/25 | 36,283 | 33,672 | ||
Verizon Communications Inc. | 1.450% | 3/20/26 | 37,054 | 34,358 | ||
Verizon Communications Inc. | 2.625% | 8/15/26 | 29,975 | 28,267 | ||
Verizon Communications Inc. | 4.125% | 3/16/27 | 52,839 | 51,388 | ||
Verizon Communications Inc. | 3.000% | 3/22/27 | 24,270 | 22,835 | ||
Verizon Communications Inc. | 2.100% | 3/22/28 | 63,838 | 56,839 | ||
Verizon Communications Inc. | 4.329% | 9/21/28 | 64,932 | 63,035 | ||
Vodafone Group plc | 4.125% | 5/30/25 | 20,460 | 20,126 | ||
Vodafone Group plc | 4.375% | 5/30/28 | 15,670 | 15,401 | ||
Walt Disney Co. | 3.350% | 3/24/25 | 30,941 | 30,320 | ||
Walt Disney Co. | 3.700% | 10/15/25 | 14,567 | 14,236 | ||
Walt Disney Co. | 1.750% | 1/13/26 | 24,725 | 23,310 | ||
Walt Disney Co. | 3.375% | 11/15/26 | 2,191 | 2,108 | ||
Walt Disney Co. | 3.700% | 3/23/27 | 6,170 | 5,975 | ||
Walt Disney Co. | 2.200% | 1/13/28 | 10,785 | 9,839 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Warnermedia Holdings Inc. | 3.638% | 3/15/25 | 29,610 | 28,984 | ||
Warnermedia Holdings Inc. | 3.788% | 3/15/25 | 7,420 | 7,274 | ||
Warnermedia Holdings Inc. | 3.755% | 3/15/27 | 65,928 | 62,396 | ||
2,260,575 | ||||||
Consumer Discretionary (7.3%) | ||||||
Alibaba Group Holding Ltd. | 3.400% | 12/6/27 | 43,375 | 40,944 | ||
Amazon.com Inc. | 3.000% | 4/13/25 | 14,580 | 14,247 | ||
Amazon.com Inc. | 0.800% | 6/3/25 | 36,332 | 34,504 | ||
Amazon.com Inc. | 4.600% | 12/1/25 | 10,805 | 10,755 | ||
Amazon.com Inc. | 5.200% | 12/3/25 | 2,246 | 2,256 | ||
Amazon.com Inc. | 1.000% | 5/12/26 | 47,552 | 43,766 | ||
Amazon.com Inc. | 3.300% | 4/13/27 | 65,490 | 62,773 | ||
Amazon.com Inc. | 1.200% | 6/3/27 | 23,867 | 21,339 | ||
Amazon.com Inc. | 3.150% | 8/22/27 | 64,268 | 60,990 | ||
Amazon.com Inc. | 4.550% | 12/1/27 | 36,668 | 36,545 | ||
Amazon.com Inc. | 1.650% | 5/12/28 | 33,416 | 29,659 | ||
1 | American Honda Finance Corp. | 4.600% | 4/17/25 | 15,588 | 15,482 | |
1 | American Honda Finance Corp. | 1.200% | 7/8/25 | 3,358 | 3,185 | |
1 | American Honda Finance Corp. | 1.000% | 9/10/25 | 11,078 | 10,411 | |
1 | American Honda Finance Corp. | 5.800% | 10/3/25 | 15,000 | 15,147 | |
1 | American Honda Finance Corp. | 4.950% | 1/9/26 | 8,837 | 8,810 | |
1 | American Honda Finance Corp. | 5.250% | 7/7/26 | 14,156 | 14,255 | |
1 | American Honda Finance Corp. | 1.300% | 9/9/26 | 9,966 | 9,099 | |
1 | American Honda Finance Corp. | 2.300% | 9/9/26 | 11,429 | 10,720 | |
1 | American Honda Finance Corp. | 2.350% | 1/8/27 | 25,287 | 23,591 | |
1 | American Honda Finance Corp. | 3.500% | 2/15/28 | 3,000 | 2,849 | |
1 | American Honda Finance Corp. | 2.000% | 3/24/28 | 17,327 | 15,520 | |
1 | American Honda Finance Corp. | 5.125% | 7/7/28 | 20,938 | 21,107 | |
American Honda Finance Corp. | 5.650% | 11/15/28 | 22,408 | 23,040 | ||
1 | American Honda Finance Corp. | 2.250% | 1/12/29 | 5,000 | 4,440 | |
AutoNation Inc. | 4.500% | 10/1/25 | 7,072 | 6,942 | ||
AutoNation Inc. | 3.800% | 11/15/27 | 5,043 | 4,692 | ||
AutoZone Inc. | 3.250% | 4/15/25 | 4,303 | 4,200 | ||
AutoZone Inc. | 3.625% | 4/15/25 | 7,306 | 7,173 | ||
AutoZone Inc. | 3.125% | 4/21/26 | 12,488 | 11,962 | ||
AutoZone Inc. | 5.050% | 7/15/26 | 11,814 | 11,785 | ||
AutoZone Inc. | 3.750% | 6/1/27 | 13,399 | 12,868 | ||
AutoZone Inc. | 4.500% | 2/1/28 | 9,980 | 9,776 | ||
AutoZone Inc. | 6.250% | 11/1/28 | 5,750 | 5,982 | ||
Block Financial LLC | 5.250% | 10/1/25 | 2,812 | 2,791 | ||
Block Financial LLC | 2.500% | 7/15/28 | 5,614 | 4,945 | ||
BorgWarner Inc. | 2.650% | 7/1/27 | 18,896 | 17,441 | ||
Darden Restaurants Inc. | 3.850% | 5/1/27 | 8,518 | 8,180 | ||
DR Horton Inc. | 2.600% | 10/15/25 | 15,319 | 14,658 | ||
DR Horton Inc. | 1.300% | 10/15/26 | 10,048 | 9,093 | ||
DR Horton Inc. | 1.400% | 10/15/27 | 6,448 | 5,688 | ||
eBay Inc. | 1.900% | 3/11/25 | 21,825 | 21,060 | ||
eBay Inc. | 5.900% | 11/22/25 | 4,164 | 4,197 | ||
eBay Inc. | 1.400% | 5/10/26 | 20,233 | 18,657 | ||
eBay Inc. | 3.600% | 6/5/27 | 9,309 | 8,891 | ||
eBay Inc. | 5.950% | 11/22/27 | 3,924 | 4,032 | ||
Ford Motor Co. | 4.346% | 12/8/26 | 15,000 | 14,569 | ||
Ford Motor Credit Co. LLC | 4.687% | 6/9/25 | 10,155 | 10,008 | ||
Ford Motor Credit Co. LLC | 5.125% | 6/16/25 | 20,092 | 19,894 | ||
Ford Motor Credit Co. LLC | 4.134% | 8/4/25 | 23,475 | 22,908 | ||
Ford Motor Credit Co. LLC | 3.375% | 11/13/25 | 39,670 | 38,069 | ||
1 | Ford Motor Credit Co. LLC | 4.389% | 1/8/26 | 5,000 | 4,865 | |
Ford Motor Credit Co. LLC | 6.950% | 3/6/26 | 2,935 | 2,988 | ||
Ford Motor Credit Co. LLC | 6.950% | 6/10/26 | 6,928 | 7,063 | ||
Ford Motor Credit Co. LLC | 4.542% | 8/1/26 | 23,924 | 23,186 | ||
Ford Motor Credit Co. LLC | 2.700% | 8/10/26 | 28,913 | 26,842 | ||
Ford Motor Credit Co. LLC | 4.271% | 1/9/27 | 24,890 | 23,841 | ||
Ford Motor Credit Co. LLC | 4.950% | 5/28/27 | 24,781 | 24,091 | ||
Ford Motor Credit Co. LLC | 4.125% | 8/17/27 | 29,912 | 28,272 | ||
Ford Motor Credit Co. LLC | 3.815% | 11/2/27 | 33,058 | 30,837 | ||
Ford Motor Credit Co. LLC | 7.350% | 11/4/27 | 13,458 | 14,063 | ||
Ford Motor Credit Co. LLC | 2.900% | 2/16/28 | 26,487 | 23,744 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Ford Motor Credit Co. LLC | 6.800% | 5/12/28 | 22,168 | 22,880 | ||
Ford Motor Credit Co. LLC | 6.798% | 11/7/28 | 19,788 | 20,491 | ||
Ford Motor Credit Co. LLC | 5.113% | 5/3/29 | 20,370 | 19,633 | ||
Fortune Brands Innovations Inc. | 4.000% | 6/15/25 | 8,539 | 8,379 | ||
General Motors Co. | 4.000% | 4/1/25 | 12,963 | 12,757 | ||
General Motors Co. | 6.125% | 10/1/25 | 34,754 | 35,041 | ||
General Motors Co. | 4.200% | 10/1/27 | 9,584 | 9,230 | ||
General Motors Co. | 6.800% | 10/1/27 | 28,718 | 29,987 | ||
General Motors Financial Co. Inc. | 3.800% | 4/7/25 | 12,843 | 12,589 | ||
General Motors Financial Co. Inc. | 4.350% | 4/9/25 | 40,059 | 39,541 | ||
General Motors Financial Co. Inc. | 2.750% | 6/20/25 | 28,499 | 27,505 | ||
General Motors Financial Co. Inc. | 4.300% | 7/13/25 | 9,128 | 8,977 | ||
General Motors Financial Co. Inc. | 1.250% | 1/8/26 | 9,678 | 8,968 | ||
General Motors Financial Co. Inc. | 5.250% | 3/1/26 | 12,349 | 12,310 | ||
General Motors Financial Co. Inc. | 5.400% | 4/6/26 | 23,155 | 23,166 | ||
General Motors Financial Co. Inc. | 1.500% | 6/10/26 | 3,678 | 3,369 | ||
General Motors Financial Co. Inc. | 4.000% | 10/6/26 | 10,384 | 10,039 | ||
General Motors Financial Co. Inc. | 4.350% | 1/17/27 | 40,860 | 39,767 | ||
General Motors Financial Co. Inc. | 2.350% | 2/26/27 | 13,862 | 12,709 | ||
General Motors Financial Co. Inc. | 5.000% | 4/9/27 | 52,174 | 51,622 | ||
General Motors Financial Co. Inc. | 5.400% | 5/8/27 | 20,000 | 20,022 | ||
General Motors Financial Co. Inc. | 2.700% | 8/20/27 | 2,632 | 2,415 | ||
General Motors Financial Co. Inc. | 6.000% | 1/9/28 | 23,442 | 23,956 | ||
General Motors Financial Co. Inc. | 5.800% | 6/23/28 | 48,875 | 49,577 | ||
General Motors Financial Co. Inc. | 2.400% | 10/15/28 | 2,267 | 1,992 | ||
General Motors Financial Co. Inc. | 5.800% | 1/7/29 | 34,625 | 35,082 | ||
GXO Logistics Inc. | 1.650% | 7/15/26 | 6,684 | 6,129 | ||
Harley-Davidson Inc. | 3.500% | 7/28/25 | 9,490 | 9,212 | ||
Hasbro Inc. | 3.550% | 11/19/26 | 11,448 | 10,856 | ||
Home Depot Inc. | 2.700% | 4/15/25 | 1,588 | 1,547 | ||
Home Depot Inc. | 3.350% | 9/15/25 | 11,528 | 11,246 | ||
Home Depot Inc. | 4.000% | 9/15/25 | 7,329 | 7,214 | ||
Home Depot Inc. | 3.000% | 4/1/26 | 23,316 | 22,461 | ||
Home Depot Inc. | 2.125% | 9/15/26 | 19,100 | 17,849 | ||
Home Depot Inc. | 2.500% | 4/15/27 | 36,408 | 33,911 | ||
Home Depot Inc. | 2.875% | 4/15/27 | 17,969 | 16,955 | ||
Home Depot Inc. | 2.800% | 9/14/27 | 28,381 | 26,594 | ||
Home Depot Inc. | 1.500% | 9/15/28 | 9,264 | 8,071 | ||
Home Depot Inc. | 3.900% | 12/6/28 | 15,548 | 15,045 | ||
Home Depot Inc. | 4.900% | 4/15/29 | 4,940 | 4,958 | ||
Honda Motor Co. Ltd. | 2.271% | 3/10/25 | 20,176 | 19,584 | ||
Honda Motor Co. Ltd. | 2.534% | 3/10/27 | 32,203 | 30,089 | ||
Hyatt Hotels Corp. | 5.375% | 4/23/25 | 12,395 | 12,369 | ||
Hyatt Hotels Corp. | 4.850% | 3/15/26 | 11,391 | 11,258 | ||
Hyatt Hotels Corp. | 5.750% | 1/30/27 | 3,645 | 3,689 | ||
Hyatt Hotels Corp. | 4.375% | 9/15/28 | 5,225 | 5,015 | ||
JD.com Inc. | 3.875% | 4/29/26 | 7,893 | 7,655 | ||
Las Vegas Sands Corp. | 3.500% | 8/18/26 | 15,000 | 14,103 | ||
Leggett & Platt Inc. | 3.500% | 11/15/27 | 7,737 | 7,220 | ||
Leland Stanford Junior University | 1.289% | 6/1/27 | 7,459 | 6,694 | ||
Lennar Corp. | 4.750% | 5/30/25 | 2,652 | 2,627 | ||
Lennar Corp. | 5.250% | 6/1/26 | 3,190 | 3,182 | ||
Lennar Corp. | 5.000% | 6/15/27 | 4,234 | 4,197 | ||
Lennar Corp. | 4.750% | 11/29/27 | 10,871 | 10,697 | ||
Lowe's Cos. Inc. | 4.000% | 4/15/25 | 7,289 | 7,184 | ||
Lowe's Cos. Inc. | 4.400% | 9/8/25 | 18,048 | 17,828 | ||
Lowe's Cos. Inc. | 3.375% | 9/15/25 | 9,365 | 9,110 | ||
Lowe's Cos. Inc. | 2.500% | 4/15/26 | 9,025 | 8,567 | ||
Lowe's Cos. Inc. | 3.350% | 4/1/27 | 19,321 | 18,409 | ||
Lowe's Cos. Inc. | 3.100% | 5/3/27 | 40,086 | 37,882 | ||
Lowe's Cos. Inc. | 1.300% | 4/15/28 | 16,754 | 14,519 | ||
Lowe's Cos. Inc. | 1.700% | 9/15/28 | 18,924 | 16,443 | ||
Magna International Inc. | 4.150% | 10/1/25 | 6,926 | 6,798 | ||
Marriott International Inc. | 3.750% | 3/15/25 | 5,944 | 5,833 | ||
1 | Marriott International Inc. | 5.750% | 5/1/25 | 6,115 | 6,137 | |
Marriott International Inc. | 3.750% | 10/1/25 | 2,021 | 1,969 | ||
1 | Marriott International Inc. | 3.125% | 6/15/26 | 7,704 | 7,354 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Marriott International Inc. | 5.000% | 10/15/27 | 20,215 | 20,147 | ||
1 | Marriott International Inc. | 4.000% | 4/15/28 | 10,915 | 10,447 | |
Marriott International Inc. | 5.550% | 10/15/28 | 8,225 | 8,368 | ||
Marriott International Inc. | 4.875% | 5/15/29 | 6,000 | 5,920 | ||
Masco Corp. | 3.500% | 11/15/27 | 5,558 | 5,224 | ||
Masco Corp. | 1.500% | 2/15/28 | 9,278 | 8,057 | ||
1 | McDonald's Corp. | 3.375% | 5/26/25 | 16,690 | 16,314 | |
1 | McDonald's Corp. | 3.300% | 7/1/25 | 20,646 | 20,156 | |
1 | McDonald's Corp. | 1.450% | 9/1/25 | 5,338 | 5,053 | |
1 | McDonald's Corp. | 3.700% | 1/30/26 | 32,326 | 31,592 | |
1 | McDonald's Corp. | 3.500% | 3/1/27 | 12,095 | 11,645 | |
1 | McDonald's Corp. | 3.500% | 7/1/27 | 13,080 | 12,516 | |
1 | McDonald's Corp. | 3.800% | 4/1/28 | 15,050 | 14,447 | |
McDonald's Corp. | 4.800% | 8/14/28 | 7,345 | 7,323 | ||
2 | Mercedes-Benz Finance North America LLC | 0.750% | 3/1/24 | 5,000 | 5,000 | |
Mohawk Industries Inc. | 5.850% | 9/18/28 | 10,400 | 10,611 | ||
NIKE Inc. | 2.375% | 11/1/26 | 18,728 | 17,618 | ||
NIKE Inc. | 2.750% | 3/27/27 | 32,536 | 30,678 | ||
O'Reilly Automotive Inc. | 3.550% | 3/15/26 | 16,837 | 16,292 | ||
O'Reilly Automotive Inc. | 5.750% | 11/20/26 | 4,576 | 4,641 | ||
O'Reilly Automotive Inc. | 3.600% | 9/1/27 | 20,371 | 19,406 | ||
Owens Corning | 3.400% | 8/15/26 | 6,760 | 6,451 | ||
PulteGroup Inc. | 5.500% | 3/1/26 | 9,895 | 9,914 | ||
PulteGroup Inc. | 5.000% | 1/15/27 | 7,864 | 7,829 | ||
PVH Corp. | 4.625% | 7/10/25 | 3,843 | 3,789 | ||
Ralph Lauren Corp. | 3.750% | 9/15/25 | 5,580 | 5,453 | ||
Ross Stores Inc. | 4.600% | 4/15/25 | 11,412 | 11,302 | ||
Ross Stores Inc. | 0.875% | 4/15/26 | 5,884 | 5,381 | ||
Sands China Ltd. | 5.125% | 8/8/25 | 26,915 | 26,507 | ||
Sands China Ltd. | 4.050% | 1/8/26 | 11,280 | 10,815 | ||
Sands China Ltd. | 2.550% | 3/8/27 | 9,235 | 8,293 | ||
Sands China Ltd. | 5.400% | 8/8/28 | 32,015 | 31,119 | ||
Snap-on Inc. | 3.250% | 3/1/27 | 2,223 | 2,128 | ||
Stanley Black & Decker Inc. | 3.400% | 3/1/26 | 5,987 | 5,770 | ||
1 | Stanley Black & Decker Inc. | 4.000% | 3/15/60 | 14,414 | 12,831 | |
Starbucks Corp. | 3.800% | 8/15/25 | 23,418 | 22,933 | ||
Starbucks Corp. | 4.750% | 2/15/26 | 15,341 | 15,240 | ||
Starbucks Corp. | 2.450% | 6/15/26 | 11,109 | 10,488 | ||
Starbucks Corp. | 4.850% | 2/8/27 | 15,550 | 15,468 | ||
Starbucks Corp. | 2.000% | 3/12/27 | 6,465 | 5,924 | ||
Starbucks Corp. | 3.500% | 3/1/28 | 12,015 | 11,390 | ||
Tapestry Inc. | 7.050% | 11/27/25 | 2,600 | 2,649 | ||
Tapestry Inc. | 7.000% | 11/27/26 | 8,200 | 8,421 | ||
1 | Tapestry Inc. | 4.125% | 7/15/27 | 5,692 | 5,406 | |
Tapestry Inc. | 7.350% | 11/27/28 | 20,791 | 21,756 | ||
TJX Cos. Inc. | 2.250% | 9/15/26 | 12,319 | 11,572 | ||
Toll Brothers Finance Corp. | 4.875% | 11/15/25 | 4,925 | 4,867 | ||
Toll Brothers Finance Corp. | 4.350% | 2/15/28 | 7,365 | 7,075 | ||
Toyota Motor Corp. | 1.339% | 3/25/26 | 7,576 | 7,033 | ||
Toyota Motor Corp. | 5.275% | 7/13/26 | 7,270 | 7,321 | ||
Toyota Motor Corp. | 5.118% | 7/13/28 | 8,955 | 9,125 | ||
Toyota Motor Corp. | 2.760% | 7/2/29 | 7,158 | 6,592 | ||
1 | Toyota Motor Credit Corp. | 3.000% | 4/1/25 | 30,948 | 30,238 | |
1 | Toyota Motor Credit Corp. | 3.400% | 4/14/25 | 15,180 | 14,877 | |
Toyota Motor Credit Corp. | 3.950% | 6/30/25 | 14,463 | 14,243 | ||
Toyota Motor Credit Corp. | 5.600% | 9/11/25 | 9,467 | 9,547 | ||
1 | Toyota Motor Credit Corp. | 0.800% | 10/16/25 | 15,015 | 14,034 | |
Toyota Motor Credit Corp. | 5.400% | 11/10/25 | 15,234 | 15,328 | ||
1 | Toyota Motor Credit Corp. | 4.800% | 1/5/26 | 5,840 | 5,815 | |
1 | Toyota Motor Credit Corp. | 0.800% | 1/9/26 | 8,985 | 8,333 | |
Toyota Motor Credit Corp. | 4.450% | 5/18/26 | 20,029 | 19,818 | ||
1 | Toyota Motor Credit Corp. | 1.125% | 6/18/26 | 28,385 | 26,047 | |
1 | Toyota Motor Credit Corp. | 5.000% | 8/14/26 | 6,950 | 6,949 | |
Toyota Motor Credit Corp. | 5.400% | 11/20/26 | 13,054 | 13,186 | ||
1 | Toyota Motor Credit Corp. | 3.200% | 1/11/27 | 25,110 | 23,990 | |
1 | Toyota Motor Credit Corp. | 1.900% | 1/13/27 | 12,340 | 11,363 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Toyota Motor Credit Corp. | 3.050% | 3/22/27 | 13,047 | 12,372 | |
1 | Toyota Motor Credit Corp. | 1.150% | 8/13/27 | 9,164 | 8,119 | |
1 | Toyota Motor Credit Corp. | 4.550% | 9/20/27 | 25,122 | 24,908 | |
Toyota Motor Credit Corp. | 5.450% | 11/10/27 | 16,317 | 16,640 | ||
Toyota Motor Credit Corp. | 4.625% | 1/12/28 | 4,966 | 4,938 | ||
1 | Toyota Motor Credit Corp. | 1.900% | 4/6/28 | 15,638 | 13,974 | |
1 | Toyota Motor Credit Corp. | 5.250% | 9/11/28 | 13,115 | 13,303 | |
1 | Toyota Motor Credit Corp. | 4.650% | 1/5/29 | 9,560 | 9,458 | |
Toyota Motor Credit Corp. | 3.650% | 1/8/29 | 8,930 | 8,450 | ||
VF Corp. | 2.400% | 4/23/25 | 8,858 | 8,498 | ||
VF Corp. | 2.800% | 4/23/27 | 9,057 | 8,212 | ||
Whirlpool Corp. | 3.700% | 5/1/25 | 5,240 | 5,127 | ||
Whirlpool Corp. | 4.750% | 2/26/29 | 5,785 | 5,649 | ||
1 | Yale University | 0.873% | 4/15/25 | 10,331 | 9,854 | |
3,041,718 | ||||||
Consumer Staples (5.6%) | ||||||
Altria Group Inc. | 2.350% | 5/6/25 | 14,768 | 14,254 | ||
Altria Group Inc. | 4.400% | 2/14/26 | 18,627 | 18,329 | ||
Altria Group Inc. | 2.625% | 9/16/26 | 7,701 | 7,235 | ||
Altria Group Inc. | 6.200% | 11/1/28 | 9,465 | 9,827 | ||
Altria Group Inc. | 4.800% | 2/14/29 | 32,175 | 31,603 | ||
1 | Anheuser-Busch Cos. LLC | 3.650% | 2/1/26 | 36,330 | 35,421 | |
Anheuser-Busch InBev Worldwide Inc. | 4.000% | 4/13/28 | 47,320 | 45,872 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.750% | 1/23/29 | 75,578 | 75,067 | ||
Archer-Daniels-Midland Co. | 2.500% | 8/11/26 | 15,479 | 14,574 | ||
Avery Dennison Corp. | 4.875% | 12/6/28 | 9,982 | 9,882 | ||
BAT Capital Corp. | 2.789% | 9/6/24 | 8,029 | 7,903 | ||
BAT Capital Corp. | 3.215% | 9/6/26 | 20,050 | 18,995 | ||
BAT Capital Corp. | 4.700% | 4/2/27 | 17,135 | 16,763 | ||
BAT Capital Corp. | 3.557% | 8/15/27 | 19,446 | 18,362 | ||
BAT Capital Corp. | 2.259% | 3/25/28 | 33,945 | 30,031 | ||
BAT International Finance plc | 1.668% | 3/25/26 | 33,046 | 30,620 | ||
BAT International Finance plc | 4.448% | 3/16/28 | 23,106 | 22,286 | ||
BAT International Finance plc | 5.931% | 2/2/29 | 2,075 | 2,118 | ||
Brown-Forman Corp. | 3.500% | 4/15/25 | 3,581 | 3,508 | ||
Bunge Ltd. Finance Corp. | 1.630% | 8/17/25 | 9,706 | 9,188 | ||
Bunge Ltd. Finance Corp. | 3.250% | 8/15/26 | 21,551 | 20,546 | ||
Campbell Soup Co. | 3.950% | 3/15/25 | 22,987 | 22,618 | ||
Campbell Soup Co. | 3.300% | 3/19/25 | 7,486 | 7,299 | ||
Campbell Soup Co. | 4.150% | 3/15/28 | 24,390 | 23,526 | ||
Church & Dwight Co. Inc. | 3.150% | 8/1/27 | 8,160 | 7,688 | ||
Clorox Co. | 3.100% | 10/1/27 | 6,641 | 6,230 | ||
Clorox Co. | 4.400% | 5/1/29 | 6,503 | 6,338 | ||
Coca-Cola Co. | 3.375% | 3/25/27 | 22,409 | 21,588 | ||
Coca-Cola Co. | 2.900% | 5/25/27 | 5,464 | 5,184 | ||
Coca-Cola Co. | 1.450% | 6/1/27 | 32,898 | 29,765 | ||
Coca-Cola Consolidated Inc. | 3.800% | 11/25/25 | 5,530 | 5,402 | ||
Colgate-Palmolive Co. | 4.800% | 3/2/26 | 8,022 | 8,041 | ||
Colgate-Palmolive Co. | 3.100% | 8/15/27 | 15,007 | 14,317 | ||
Colgate-Palmolive Co. | 4.600% | 3/1/28 | 6,930 | 6,978 | ||
Conagra Brands Inc. | 4.600% | 11/1/25 | 20,527 | 20,223 | ||
Conagra Brands Inc. | 1.375% | 11/1/27 | 13,691 | 11,896 | ||
Conagra Brands Inc. | 4.850% | 11/1/28 | 29,975 | 29,456 | ||
Constellation Brands Inc. | 4.400% | 11/15/25 | 8,139 | 8,017 | ||
Constellation Brands Inc. | 4.750% | 12/1/25 | 9,881 | 9,772 | ||
Constellation Brands Inc. | 5.000% | 2/2/26 | 4,451 | 4,423 | ||
Constellation Brands Inc. | 3.700% | 12/6/26 | 9,011 | 8,672 | ||
Constellation Brands Inc. | 3.500% | 5/9/27 | 20,693 | 19,666 | ||
Constellation Brands Inc. | 4.350% | 5/9/27 | 9,916 | 9,696 | ||
Constellation Brands Inc. | 3.600% | 2/15/28 | 5,366 | 5,070 | ||
Constellation Brands Inc. | 4.650% | 11/15/28 | 18,595 | 18,224 | ||
Constellation Brands Inc. | 4.800% | 1/15/29 | 2,875 | 2,832 | ||
Costco Wholesale Corp. | 3.000% | 5/18/27 | 17,744 | 16,926 | ||
Costco Wholesale Corp. | 1.375% | 6/20/27 | 36,123 | 32,467 | ||
Diageo Capital plc | 1.375% | 9/29/25 | 12,966 | 12,228 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Diageo Capital plc | 5.300% | 10/24/27 | 22,427 | 22,688 | ||
Diageo Capital plc | 3.875% | 5/18/28 | 4,135 | 3,991 | ||
Diageo Capital plc | 2.375% | 10/24/29 | 3,475 | 3,051 | ||
Dollar General Corp. | 4.150% | 11/1/25 | 7,924 | 7,761 | ||
Dollar General Corp. | 3.875% | 4/15/27 | 13,728 | 13,192 | ||
Dollar General Corp. | 4.625% | 11/1/27 | 16,405 | 16,082 | ||
Dollar General Corp. | 4.125% | 5/1/28 | 9,518 | 9,195 | ||
Dollar General Corp. | 5.200% | 7/5/28 | 5,175 | 5,169 | ||
Dollar Tree Inc. | 4.000% | 5/15/25 | 15,073 | 14,809 | ||
Dollar Tree Inc. | 4.200% | 5/15/28 | 21,359 | 20,578 | ||
Estee Lauder Cos. Inc. | 3.150% | 3/15/27 | 6,407 | 6,103 | ||
Estee Lauder Cos. Inc. | 4.375% | 5/15/28 | 7,215 | 7,093 | ||
Flowers Foods Inc. | 3.500% | 10/1/26 | 5,976 | 5,730 | ||
General Mills Inc. | 4.000% | 4/17/25 | 16,805 | 16,538 | ||
General Mills Inc. | 4.700% | 1/30/27 | 3,780 | 3,742 | ||
General Mills Inc. | 3.200% | 2/10/27 | 14,510 | 13,792 | ||
General Mills Inc. | 4.200% | 4/17/28 | 28,982 | 28,102 | ||
General Mills Inc. | 5.500% | 10/17/28 | 1,569 | 1,595 | ||
Haleon UK Capital plc | 3.125% | 3/24/25 | 23,196 | 22,626 | ||
Haleon US Capital LLC | 3.375% | 3/24/27 | 34,115 | 32,431 | ||
Haleon US Capital LLC | 3.375% | 3/24/29 | 4,968 | 4,590 | ||
Hershey Co. | 0.900% | 6/1/25 | 3,293 | 3,129 | ||
Hershey Co. | 3.200% | 8/21/25 | 1,765 | 1,722 | ||
Hershey Co. | 2.300% | 8/15/26 | 5,154 | 4,864 | ||
Hershey Co. | 4.250% | 5/4/28 | 8,691 | 8,546 | ||
Hormel Foods Corp. | 1.700% | 6/3/28 | 12,509 | 11,042 | ||
Ingredion Inc. | 3.200% | 10/1/26 | 8,424 | 8,033 | ||
J M Smucker Co. | 3.500% | 3/15/25 | 10,359 | 10,151 | ||
J M Smucker Co. | 3.375% | 12/15/27 | 6,371 | 6,008 | ||
J M Smucker Co. | 5.900% | 11/15/28 | 9,120 | 9,388 | ||
JBS USA LUX SA | 2.500% | 1/15/27 | 17,482 | 16,055 | ||
JBS USA LUX SA | 5.125% | 2/1/28 | 11,824 | 11,580 | ||
Kellanova | 3.250% | 4/1/26 | 5,995 | 5,762 | ||
Kellanova | 4.300% | 5/15/28 | 7,593 | 7,374 | ||
Kenvue Inc. | 5.500% | 3/22/25 | 13,240 | 13,273 | ||
Kenvue Inc. | 5.350% | 3/22/26 | 12,085 | 12,164 | ||
Kenvue Inc. | 5.050% | 3/22/28 | 23,435 | 23,582 | ||
Keurig Dr Pepper Inc. | 4.417% | 5/25/25 | 4,784 | 4,732 | ||
Keurig Dr Pepper Inc. | 3.400% | 11/15/25 | 8,138 | 7,882 | ||
Keurig Dr Pepper Inc. | 2.550% | 9/15/26 | 8,069 | 7,567 | ||
Keurig Dr Pepper Inc. | 3.430% | 6/15/27 | 3,924 | 3,735 | ||
Keurig Dr Pepper Inc. | 4.597% | 5/25/28 | 24,024 | 23,665 | ||
Kimberly-Clark Corp. | 3.050% | 8/15/25 | 5,635 | 5,479 | ||
Kimberly-Clark Corp. | 2.750% | 2/15/26 | 1,119 | 1,077 | ||
Kraft Heinz Foods Co. | 3.000% | 6/1/26 | 35,163 | 33,551 | ||
Kraft Heinz Foods Co. | 3.875% | 5/15/27 | 31,044 | 29,963 | ||
Kroger Co. | 3.500% | 2/1/26 | 4,750 | 4,604 | ||
Kroger Co. | 2.650% | 10/15/26 | 21,739 | 20,426 | ||
Kroger Co. | 3.700% | 8/1/27 | 4,828 | 4,631 | ||
Kroger Co. | 4.500% | 1/15/29 | 11,110 | 10,859 | ||
McCormick & Co. Inc. | 0.900% | 2/15/26 | 2,720 | 2,502 | ||
McCormick & Co. Inc. | 3.400% | 8/15/27 | 13,373 | 12,649 | ||
Mead Johnson Nutrition Co. | 4.125% | 11/15/25 | 20,764 | 20,372 | ||
Molson Coors Beverage Co. | 3.000% | 7/15/26 | 35,269 | 33,591 | ||
Mondelez International Inc. | 1.500% | 5/4/25 | 11,707 | 11,192 | ||
Mondelez International Inc. | 2.625% | 3/17/27 | 16,876 | 15,736 | ||
Mondelez International Inc. | 4.125% | 5/7/28 | 403 | 395 | ||
PepsiCo Inc. | 2.250% | 3/19/25 | 21,763 | 21,135 | ||
PepsiCo Inc. | 2.750% | 4/30/25 | 24,393 | 23,757 | ||
PepsiCo Inc. | 3.500% | 7/17/25 | 12,966 | 12,701 | ||
PepsiCo Inc. | 5.250% | 11/10/25 | 9,300 | 9,339 | ||
PepsiCo Inc. | 2.850% | 2/24/26 | 19,139 | 18,406 | ||
PepsiCo Inc. | 2.375% | 10/6/26 | 17,907 | 16,871 | ||
PepsiCo Inc. | 5.125% | 11/10/26 | 11,581 | 11,657 | ||
PepsiCo Inc. | 2.625% | 3/19/27 | 12,196 | 11,467 | ||
PepsiCo Inc. | 3.000% | 10/15/27 | 24,568 | 23,160 | ||
PepsiCo Inc. | 3.600% | 2/18/28 | 11,860 | 11,403 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PepsiCo Inc. | 4.450% | 5/15/28 | 2,061 | 2,057 | ||
Philip Morris International Inc. | 2.875% | 5/1/24 | 16,432 | 16,354 | ||
Philip Morris International Inc. | 1.500% | 5/1/25 | 8,603 | 8,244 | ||
Philip Morris International Inc. | 3.375% | 8/11/25 | 13,263 | 12,933 | ||
Philip Morris International Inc. | 5.000% | 11/17/25 | 10,060 | 10,026 | ||
Philip Morris International Inc. | 4.875% | 2/13/26 | 18,022 | 17,934 | ||
Philip Morris International Inc. | 2.750% | 2/25/26 | 13,798 | 13,179 | ||
Philip Morris International Inc. | 0.875% | 5/1/26 | 15,117 | 13,812 | ||
Philip Morris International Inc. | 4.750% | 2/12/27 | 12,445 | 12,288 | ||
Philip Morris International Inc. | 5.125% | 11/17/27 | 43,787 | 43,853 | ||
Philip Morris International Inc. | 4.875% | 2/15/28 | 39,151 | 38,922 | ||
Philip Morris International Inc. | 4.875% | 2/13/29 | 12,000 | 11,792 | ||
Procter & Gamble Co. | 0.550% | 10/29/25 | 21,903 | 20,420 | ||
Procter & Gamble Co. | 2.700% | 2/2/26 | 10,794 | 10,381 | ||
Procter & Gamble Co. | 2.450% | 11/3/26 | 22,549 | 21,302 | ||
Procter & Gamble Co. | 1.900% | 2/1/27 | 11,364 | 10,529 | ||
Procter & Gamble Co. | 2.800% | 3/25/27 | 7,934 | 7,511 | ||
Procter & Gamble Co. | 2.850% | 8/11/27 | 12,028 | 11,350 | ||
Procter & Gamble Co. | 3.950% | 1/26/28 | 8,800 | 8,647 | ||
Procter & Gamble Co. | 4.350% | 1/29/29 | 14,675 | 14,549 | ||
Reynolds American Inc. | 4.450% | 6/12/25 | 35,316 | 34,778 | ||
Sysco Corp. | 3.750% | 10/1/25 | 19,631 | 19,131 | ||
Sysco Corp. | 3.300% | 7/15/26 | 22,963 | 22,046 | ||
Sysco Corp. | 3.250% | 7/15/27 | 9,315 | 8,779 | ||
Sysco Corp. | 5.750% | 1/17/29 | 9,022 | 9,238 | ||
Target Corp. | 2.250% | 4/15/25 | 19,275 | 18,675 | ||
Target Corp. | 2.500% | 4/15/26 | 9,484 | 9,058 | ||
Target Corp. | 1.950% | 1/15/27 | 30,551 | 28,240 | ||
Tyson Foods Inc. | 4.000% | 3/1/26 | 5,927 | 5,787 | ||
Tyson Foods Inc. | 3.550% | 6/2/27 | 24,045 | 22,794 | ||
Unilever Capital Corp. | 2.600% | 5/5/24 | 10,223 | 10,167 | ||
Unilever Capital Corp. | 3.375% | 3/22/25 | 2,696 | 2,644 | ||
Unilever Capital Corp. | 3.100% | 7/30/25 | 3,024 | 2,947 | ||
Unilever Capital Corp. | 2.000% | 7/28/26 | 11,580 | 10,846 | ||
Unilever Capital Corp. | 2.900% | 5/5/27 | 10,156 | 9,598 | ||
Unilever Capital Corp. | 3.500% | 3/22/28 | 17,367 | 16,615 | ||
Unilever Capital Corp. | 4.875% | 9/8/28 | 14,825 | 14,932 | ||
Walmart Inc. | 3.550% | 6/26/25 | 14,332 | 14,102 | ||
Walmart Inc. | 3.900% | 9/9/25 | 26,874 | 26,468 | ||
Walmart Inc. | 4.000% | 4/15/26 | 11,094 | 10,923 | ||
Walmart Inc. | 3.050% | 7/8/26 | 16,339 | 15,719 | ||
Walmart Inc. | 1.050% | 9/17/26 | 28,674 | 26,202 | ||
Walmart Inc. | 3.950% | 9/9/27 | 22,899 | 22,435 | ||
Walmart Inc. | 3.900% | 4/15/28 | 13,699 | 13,366 | ||
Walmart Inc. | 3.700% | 6/26/28 | 26,136 | 25,285 | ||
Walmart Inc. | 1.500% | 9/22/28 | 18,897 | 16,590 | ||
2,366,409 | ||||||
Energy (5.3%) | ||||||
Apache Corp. | 4.375% | 10/15/28 | 3,075 | 2,881 | ||
Baker Hughes Holdings LLC | 2.061% | 12/15/26 | 9,929 | 9,161 | ||
Baker Hughes Holdings LLC | 3.337% | 12/15/27 | 22,931 | 21,624 | ||
Boardwalk Pipelines LP | 5.950% | 6/1/26 | 7,627 | 7,682 | ||
Boardwalk Pipelines LP | 4.450% | 7/15/27 | 4,399 | 4,288 | ||
BP Capital Markets America Inc. | 3.796% | 9/21/25 | 15,215 | 14,925 | ||
BP Capital Markets America Inc. | 3.410% | 2/11/26 | 21,194 | 20,554 | ||
1 | BP Capital Markets America Inc. | 3.119% | 5/4/26 | 26,443 | 25,409 | |
1 | BP Capital Markets America Inc. | 3.017% | 1/16/27 | 13,934 | 13,238 | |
BP Capital Markets America Inc. | 3.543% | 4/6/27 | 14,624 | 14,027 | ||
1 | BP Capital Markets America Inc. | 3.588% | 4/14/27 | 15,074 | 14,488 | |
BP Capital Markets America Inc. | 3.937% | 9/21/28 | 17,033 | 16,356 | ||
BP Capital Markets America Inc. | 4.234% | 11/6/28 | 33,745 | 32,839 | ||
BP Capital Markets America Inc. | 4.699% | 4/10/29 | 5,000 | 4,946 | ||
BP Capital Markets plc | 3.279% | 9/19/27 | 16,407 | 15,534 | ||
BP Capital Markets plc | 3.723% | 11/28/28 | 10,603 | 10,067 | ||
Canadian Natural Resources Ltd. | 2.050% | 7/15/25 | 13,564 | 12,945 | ||
Canadian Natural Resources Ltd. | 3.850% | 6/1/27 | 29,201 | 27,960 | ||
Cenovus Energy Inc. | 4.250% | 4/15/27 | 14,675 | 14,211 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Cheniere Corpus Christi Holdings LLC | 5.875% | 3/31/25 | 34,816 | 34,805 | ||
Cheniere Corpus Christi Holdings LLC | 5.125% | 6/30/27 | 20,389 | 20,291 | ||
Cheniere Energy Inc. | 4.625% | 10/15/28 | 25,304 | 24,303 | ||
Chevron Corp. | 1.554% | 5/11/25 | 48,373 | 46,415 | ||
Chevron Corp. | 3.326% | 11/17/25 | 12,802 | 12,499 | ||
Chevron Corp. | 2.954% | 5/16/26 | 30,937 | 29,714 | ||
Chevron Corp. | 1.995% | 5/11/27 | 17,926 | 16,480 | ||
Chevron USA Inc. | 0.687% | 8/12/25 | 21,393 | 20,123 | ||
Chevron USA Inc. | 1.018% | 8/12/27 | 8,221 | 7,257 | ||
Chevron USA Inc. | 3.850% | 1/15/28 | 4,995 | 4,859 | ||
Columbia Pipeline Group Inc. | 4.500% | 6/1/25 | 16,570 | 16,328 | ||
ConocoPhillips Co. | 2.400% | 3/7/25 | 1,843 | 1,791 | ||
Continental Resources Inc. | 4.375% | 1/15/28 | 22,708 | 21,822 | ||
Coterra Energy Inc. | 3.900% | 5/15/27 | 25,652 | 24,652 | ||
DCP Midstream Operating LP | 5.375% | 7/15/25 | 5,720 | 5,710 | ||
DCP Midstream Operating LP | 5.625% | 7/15/27 | 9,785 | 9,836 | ||
Devon Energy Corp. | 5.850% | 12/15/25 | 10,412 | 10,461 | ||
Devon Energy Corp. | 5.875% | 6/15/28 | 32 | 32 | ||
Diamondback Energy Inc. | 3.250% | 12/1/26 | 15,154 | 14,484 | ||
Enbridge Energy Partners LP | 5.875% | 10/15/25 | 1,878 | 1,889 | ||
Enbridge Inc. | 1.600% | 10/4/26 | 5,516 | 5,042 | ||
Enbridge Inc. | 5.900% | 11/15/26 | 23,494 | 23,935 | ||
Enbridge Inc. | 4.250% | 12/1/26 | 20,849 | 20,394 | ||
Enbridge Inc. | 3.700% | 7/15/27 | 5,625 | 5,371 | ||
Enbridge Inc. | 6.000% | 11/15/28 | 11,365 | 11,768 | ||
Energy Transfer LP | 4.050% | 3/15/25 | 25,597 | 25,194 | ||
Energy Transfer LP | 2.900% | 5/15/25 | 24,519 | 23,735 | ||
Energy Transfer LP | 5.950% | 12/1/25 | 2,748 | 2,763 | ||
Energy Transfer LP | 4.750% | 1/15/26 | 14,259 | 14,097 | ||
Energy Transfer LP | 3.900% | 7/15/26 | 10,270 | 9,930 | ||
Energy Transfer LP | 4.400% | 3/15/27 | 17,800 | 17,336 | ||
Energy Transfer LP | 4.200% | 4/15/27 | 17,472 | 16,936 | ||
1 | Energy Transfer LP | 5.500% | 6/1/27 | 26,597 | 26,699 | |
Energy Transfer LP | 4.000% | 10/1/27 | 4,672 | 4,468 | ||
Energy Transfer LP | 5.550% | 2/15/28 | 21,165 | 21,342 | ||
Energy Transfer LP | 4.950% | 5/15/28 | 12,875 | 12,704 | ||
Energy Transfer LP | 4.950% | 6/15/28 | 14,012 | 13,796 | ||
Energy Transfer LP | 6.100% | 12/1/28 | 7,795 | 8,064 | ||
Enterprise Products Operating LLC | 5.050% | 1/10/26 | 5,182 | 5,180 | ||
Enterprise Products Operating LLC | 3.700% | 2/15/26 | 23,120 | 22,548 | ||
Enterprise Products Operating LLC | 3.950% | 2/15/27 | 12,380 | 12,051 | ||
Enterprise Products Operating LLC | 4.150% | 10/16/28 | 19,244 | 18,577 | ||
Enterprise Products Operating LLC | 3.125% | 7/31/29 | 1,858 | 1,700 | ||
1 | Enterprise Products Operating LLC | 5.250% | 8/16/77 | 17,881 | 17,000 | |
1 | Enterprise Products Operating LLC | 5.375% | 2/15/78 | 10,000 | 9,253 | |
EOG Resources Inc. | 3.150% | 4/1/25 | 11,452 | 11,194 | ||
EOG Resources Inc. | 4.150% | 1/15/26 | 19,373 | 19,081 | ||
EQT Corp. | 3.900% | 10/1/27 | 19,498 | 18,471 | ||
EQT Corp. | 5.700% | 4/1/28 | 5,281 | 5,318 | ||
EQT Corp. | 5.000% | 1/15/29 | 25 | 24 | ||
Exxon Mobil Corp. | 2.709% | 3/6/25 | 28,411 | 27,729 | ||
Exxon Mobil Corp. | 2.992% | 3/19/25 | 49,597 | 48,496 | ||
Exxon Mobil Corp. | 3.043% | 3/1/26 | 41,276 | 39,864 | ||
Exxon Mobil Corp. | 2.275% | 8/16/26 | 13,895 | 13,124 | ||
Exxon Mobil Corp. | 3.294% | 3/19/27 | 11,425 | 11,002 | ||
Halliburton Co. | 3.800% | 11/15/25 | 9,007 | 8,800 | ||
Hess Corp. | 4.300% | 4/1/27 | 22,925 | 22,328 | ||
HF Sinclair Corp. | 5.875% | 4/1/26 | 16,447 | 16,507 | ||
Kinder Morgan Inc. | 4.300% | 6/1/25 | 21,858 | 21,538 | ||
Kinder Morgan Inc. | 1.750% | 11/15/26 | 8,083 | 7,380 | ||
Kinder Morgan Inc. | 4.300% | 3/1/28 | 18,900 | 18,326 | ||
Magellan Midstream Partners LP | 5.000% | 3/1/26 | 16,468 | 16,351 | ||
Marathon Oil Corp. | 4.400% | 7/15/27 | 17,121 | 16,626 | ||
Marathon Petroleum Corp. | 4.700% | 5/1/25 | 22,002 | 21,789 | ||
Marathon Petroleum Corp. | 5.125% | 12/15/26 | 14,433 | 14,409 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Marathon Petroleum Corp. | 3.800% | 4/1/28 | 6,906 | 6,575 | ||
MPLX LP | 4.875% | 6/1/25 | 25,404 | 25,167 | ||
MPLX LP | 1.750% | 3/1/26 | 20,606 | 19,222 | ||
MPLX LP | 4.125% | 3/1/27 | 25,912 | 25,124 | ||
MPLX LP | 4.250% | 12/1/27 | 2,993 | 2,894 | ||
MPLX LP | 4.000% | 3/15/28 | 20,130 | 19,278 | ||
MPLX LP | 4.800% | 2/15/29 | 12,100 | 11,862 | ||
Northwest Pipeline LLC | 4.000% | 4/1/27 | 2,128 | 2,065 | ||
Occidental Petroleum Corp. | 5.875% | 9/1/25 | 10,259 | 10,290 | ||
Occidental Petroleum Corp. | 5.500% | 12/1/25 | 6,857 | 6,848 | ||
Occidental Petroleum Corp. | 5.550% | 3/15/26 | 14,148 | 14,237 | ||
Occidental Petroleum Corp. | 8.500% | 7/15/27 | 7,536 | 8,174 | ||
Occidental Petroleum Corp. | 6.375% | 9/1/28 | 9,620 | 9,979 | ||
ONEOK Inc. | 2.200% | 9/15/25 | 684 | 651 | ||
ONEOK Inc. | 5.850% | 1/15/26 | 10,297 | 10,388 | ||
ONEOK Inc. | 5.550% | 11/1/26 | 10,772 | 10,849 | ||
ONEOK Inc. | 4.000% | 7/13/27 | 11,358 | 10,943 | ||
ONEOK Inc. | 4.550% | 7/15/28 | 10,332 | 10,094 | ||
ONEOK Inc. | 5.650% | 11/1/28 | 14,061 | 14,310 | ||
ONEOK Partners LP | 4.900% | 3/15/25 | 17,280 | 17,150 | ||
Ovintiv Inc. | 5.375% | 1/1/26 | 17,410 | 17,310 | ||
Ovintiv Inc. | 5.650% | 5/15/28 | 11,997 | 12,103 | ||
Patterson-UTI Energy Inc. | 3.950% | 2/1/28 | 8,480 | 7,928 | ||
Phillips 66 | 3.850% | 4/9/25 | 12,446 | 12,232 | ||
Phillips 66 | 1.300% | 2/15/26 | 2,777 | 2,571 | ||
Phillips 66 | 3.900% | 3/15/28 | 14,467 | 13,919 | ||
Phillips 66 Co. | 3.550% | 10/1/26 | 7,771 | 7,461 | ||
Phillips 66 Co. | 4.950% | 12/1/27 | 15,010 | 14,977 | ||
Phillips 66 Co. | 3.750% | 3/1/28 | 6,945 | 6,624 | ||
Pioneer Natural Resources Co. | 1.125% | 1/15/26 | 10,363 | 9,614 | ||
Plains All American Pipeline LP | 4.650% | 10/15/25 | 16,141 | 15,921 | ||
Plains All American Pipeline LP | 4.500% | 12/15/26 | 12,564 | 12,324 | ||
Sabine Pass Liquefaction LLC | 5.625% | 3/1/25 | 52,932 | 52,867 | ||
Sabine Pass Liquefaction LLC | 5.875% | 6/30/26 | 20,851 | 21,021 | ||
Sabine Pass Liquefaction LLC | 5.000% | 3/15/27 | 28,785 | 28,580 | ||
Sabine Pass Liquefaction LLC | 4.200% | 3/15/28 | 17,094 | 16,494 | ||
Schlumberger Finance Canada Ltd. | 1.400% | 9/17/25 | 6,863 | 6,485 | ||
Schlumberger Investment SA | 4.500% | 5/15/28 | 9,220 | 9,132 | ||
Shell International Finance BV | 3.250% | 5/11/25 | 44,050 | 43,080 | ||
Shell International Finance BV | 2.875% | 5/10/26 | 30,254 | 28,950 | ||
Shell International Finance BV | 2.500% | 9/12/26 | 16,593 | 15,671 | ||
Shell International Finance BV | 3.875% | 11/13/28 | 22,269 | 21,487 | ||
Spectra Energy Partners LP | 3.500% | 3/15/25 | 9,163 | 8,983 | ||
Spectra Energy Partners LP | 3.375% | 10/15/26 | 12,881 | 12,304 | ||
Targa Resources Corp. | 5.200% | 7/1/27 | 9,246 | 9,194 | ||
Targa Resources Corp. | 6.150% | 3/1/29 | 1,675 | 1,727 | ||
Targa Resources Partners LP | 6.500% | 7/15/27 | 28,725 | 29,046 | ||
Targa Resources Partners LP | 5.000% | 1/15/28 | 12,328 | 12,072 | ||
TC PipeLines LP | 4.375% | 3/13/25 | 5,948 | 5,857 | ||
TC PipeLines LP | 3.900% | 5/25/27 | 7,523 | 7,170 | ||
Tennessee Gas Pipeline Co. LLC | 7.000% | 3/15/27 | 2,543 | 2,669 | ||
Tennessee Gas Pipeline Co. LLC | 7.000% | 10/15/28 | 3,866 | 4,128 | ||
TotalEnergies Capital International SA | 3.455% | 2/19/29 | 26,195 | 24,605 | ||
TotalEnergies Capital SA | 3.883% | 10/11/28 | 11,532 | 11,107 | ||
TransCanada PipeLines Ltd. | 4.875% | 1/15/26 | 18,046 | 17,889 | ||
TransCanada PipeLines Ltd. | 4.250% | 5/15/28 | 26,059 | 25,097 | ||
Transcontinental Gas Pipe Line Co. LLC | 7.850% | 2/1/26 | 11,604 | 12,053 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.000% | 3/15/28 | 4,566 | 4,381 | ||
Valero Energy Corp. | 2.150% | 9/15/27 | 6,141 | 5,560 | ||
Valero Energy Corp. | 4.350% | 6/1/28 | 11,479 | 11,176 | ||
Valero Energy Partners LP | 4.500% | 3/15/28 | 14,932 | 14,521 | ||
Western Midstream Operating LP | 4.650% | 7/1/26 | 1,946 | 1,902 | ||
Western Midstream Operating LP | 4.500% | 3/1/28 | 5,416 | 5,187 | ||
Western Midstream Operating LP | 4.750% | 8/15/28 | 5,363 | 5,185 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Western Midstream Operating LP | 6.350% | 1/15/29 | 9,600 | 9,912 | ||
Williams Cos. Inc. | 4.000% | 9/15/25 | 16,498 | 16,177 | ||
Williams Cos. Inc. | 5.400% | 3/2/26 | 10,495 | 10,519 | ||
Williams Cos. Inc. | 3.750% | 6/15/27 | 32,337 | 30,931 | ||
Williams Cos. Inc. | 5.300% | 8/15/28 | 14,327 | 14,418 | ||
2,241,747 | ||||||
Financials (40.4%) | ||||||
1 | Aegon Ltd. | 5.500% | 4/11/48 | 13,275 | 12,716 | |
AerCap Ireland Capital DAC | 3.500% | 1/15/25 | 25,080 | 24,601 | ||
AerCap Ireland Capital DAC | 6.500% | 7/15/25 | 16,850 | 17,002 | ||
AerCap Ireland Capital DAC | 4.450% | 10/1/25 | 12,472 | 12,233 | ||
AerCap Ireland Capital DAC | 1.750% | 1/30/26 | 8,630 | 8,017 | ||
AerCap Ireland Capital DAC | 4.450% | 4/3/26 | 2,152 | 2,108 | ||
AerCap Ireland Capital DAC | 2.450% | 10/29/26 | 87,515 | 80,750 | ||
AerCap Ireland Capital DAC | 6.100% | 1/15/27 | 5,830 | 5,905 | ||
2 | AerCap Ireland Capital DAC | 6.450% | 4/15/27 | 11,220 | 11,487 | |
AerCap Ireland Capital DAC | 3.650% | 7/21/27 | 23,252 | 21,890 | ||
AerCap Ireland Capital DAC | 3.875% | 1/23/28 | 9,392 | 8,844 | ||
AerCap Ireland Capital DAC | 5.750% | 6/6/28 | 13,665 | 13,774 | ||
AerCap Ireland Capital DAC | 3.000% | 10/29/28 | 79,610 | 71,530 | ||
Affiliated Managers Group Inc. | 3.500% | 8/1/25 | 12,715 | 12,366 | ||
Aflac Inc. | 1.125% | 3/15/26 | 12,794 | 11,818 | ||
Air Lease Corp. | 3.250% | 3/1/25 | 13,765 | 13,440 | ||
Air Lease Corp. | 3.375% | 7/1/25 | 5,648 | 5,488 | ||
1 | Air Lease Corp. | 2.875% | 1/15/26 | 20,611 | 19,662 | |
1 | Air Lease Corp. | 3.750% | 6/1/26 | 13,266 | 12,784 | |
Air Lease Corp. | 1.875% | 8/15/26 | 26,096 | 23,966 | ||
Air Lease Corp. | 2.200% | 1/15/27 | 8,284 | 7,588 | ||
Air Lease Corp. | 3.625% | 4/1/27 | 4,889 | 4,642 | ||
Air Lease Corp. | 3.625% | 12/1/27 | 8,480 | 7,939 | ||
Air Lease Corp. | 5.850% | 12/15/27 | 8,315 | 8,406 | ||
Air Lease Corp. | 5.300% | 2/1/28 | 11,673 | 11,603 | ||
Air Lease Corp. | 2.100% | 9/1/28 | 8,017 | 6,962 | ||
Air Lease Corp. | 4.625% | 10/1/28 | 2,805 | 2,709 | ||
Aircastle Ltd. | 4.250% | 6/15/26 | 14,551 | 14,102 | ||
Allied World Assurance Co. Holdings Ltd. | 4.350% | 10/29/25 | 3,805 | 3,696 | ||
Allstate Corp. | 0.750% | 12/15/25 | 10,562 | 9,746 | ||
Allstate Corp. | 3.280% | 12/15/26 | 5,206 | 4,957 | ||
Ally Financial Inc. | 4.625% | 3/30/25 | 10,893 | 10,754 | ||
Ally Financial Inc. | 5.800% | 5/1/25 | 4,997 | 4,988 | ||
Ally Financial Inc. | 4.750% | 6/9/27 | 8,084 | 7,849 | ||
Ally Financial Inc. | 7.100% | 11/15/27 | 16,175 | 16,839 | ||
Ally Financial Inc. | 2.200% | 11/2/28 | 17,739 | 15,069 | ||
Ally Financial Inc. | 6.992% | 6/13/29 | 8,555 | 8,788 | ||
American Equity Investment Life Holding Co. | 5.000% | 6/15/27 | 7,913 | 7,623 | ||
American Express Co. | 2.250% | 3/4/25 | 44,557 | 43,150 | ||
American Express Co. | 3.950% | 8/1/25 | 30,728 | 30,188 | ||
American Express Co. | 4.200% | 11/6/25 | 8,237 | 8,125 | ||
American Express Co. | 4.990% | 5/1/26 | 16,220 | 16,127 | ||
American Express Co. | 3.125% | 5/20/26 | 5,554 | 5,330 | ||
American Express Co. | 6.338% | 10/30/26 | 10,745 | 10,908 | ||
American Express Co. | 1.650% | 11/4/26 | 27,944 | 25,549 | ||
American Express Co. | 2.550% | 3/4/27 | 40,359 | 37,495 | ||
American Express Co. | 3.300% | 5/3/27 | 58,730 | 55,677 | ||
American Express Co. | 5.389% | 7/28/27 | 17,867 | 17,916 | ||
American Express Co. | 5.850% | 11/5/27 | 12,571 | 12,894 | ||
American Express Co. | 5.098% | 2/16/28 | 19,962 | 19,882 | ||
American Express Co. | 5.282% | 7/27/29 | 24,210 | 24,348 | ||
1 | American Express Credit Corp. | 3.300% | 5/3/27 | 2,497 | 2,367 | |
American International Group Inc. | 4.200% | 4/1/28 | 401 | 389 | ||
1 | American International Group Inc. | 5.750% | 4/1/48 | 12,130 | 11,908 | |
Ameriprise Financial Inc. | 3.000% | 4/2/25 | 8,314 | 8,096 | ||
Ameriprise Financial Inc. | 2.875% | 9/15/26 | 9,704 | 9,206 | ||
Ameriprise Financial Inc. | 5.700% | 12/15/28 | 5,910 | 6,077 | ||
1 | Aon Corp. | 8.205% | 1/1/27 | 4,036 | 4,343 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Aon Corp. | 2.850% | 5/28/27 | 6,730 | 6,273 | ||
Aon Global Ltd. | 3.875% | 12/15/25 | 18,071 | 17,619 | ||
3 | Aon North America Inc. | 5.125% | 3/1/27 | 4,630 | 4,628 | |
3 | Aon North America Inc. | 5.150% | 3/1/29 | 11,040 | 11,042 | |
Arch Capital Finance LLC | 4.011% | 12/15/26 | 6,769 | 6,536 | ||
Ares Capital Corp. | 4.250% | 3/1/25 | 6,262 | 6,138 | ||
Ares Capital Corp. | 3.250% | 7/15/25 | 24,175 | 23,227 | ||
Ares Capital Corp. | 3.875% | 1/15/26 | 27,511 | 26,394 | ||
Ares Capital Corp. | 2.150% | 7/15/26 | 25,721 | 23,366 | ||
Ares Capital Corp. | 2.875% | 6/15/27 | 7,363 | 6,688 | ||
Ares Capital Corp. | 2.875% | 6/15/28 | 25,021 | 21,916 | ||
Ares Capital Corp. | 5.875% | 3/1/29 | 7,200 | 7,041 | ||
Ares Management Corp. | 6.375% | 11/10/28 | 5,910 | 6,134 | ||
Assurant Inc. | 4.900% | 3/27/28 | 4,058 | 3,975 | ||
Assured Guaranty US Holdings Inc. | 6.125% | 9/15/28 | 5,955 | 6,144 | ||
Athene Holding Ltd. | 4.125% | 1/12/28 | 12,686 | 12,149 | ||
Australia & New Zealand Banking Group Ltd. | 5.375% | 7/3/25 | 15,570 | 15,618 | ||
Australia & New Zealand Banking Group Ltd. | 5.671% | 10/3/25 | 12,395 | 12,507 | ||
1 | Australia & New Zealand Banking Group Ltd. | 3.700% | 11/16/25 | 11,866 | 11,605 | |
Australia & New Zealand Banking Group Ltd. | 5.088% | 12/8/25 | 19,610 | 19,619 | ||
1 | Australia & New Zealand Banking Group Ltd. | 4.750% | 1/18/27 | 7,407 | 7,381 | |
AXIS Specialty Finance plc | 4.000% | 12/6/27 | 6,000 | 5,737 | ||
Bain Capital Specialty Finance Inc. | 2.950% | 3/10/26 | 5,513 | 5,158 | ||
Bain Capital Specialty Finance Inc. | 2.550% | 10/13/26 | 5,103 | 4,642 | ||
Banco Bilbao Vizcaya Argentaria SA | 1.125% | 9/18/25 | 12,520 | 11,703 | ||
Banco Bilbao Vizcaya Argentaria SA | 5.862% | 9/14/26 | 15,829 | 15,824 | ||
Banco Bilbao Vizcaya Argentaria SA | 6.138% | 9/14/28 | 14,725 | 14,929 | ||
Banco Santander SA | 2.746% | 5/28/25 | 46,964 | 45,309 | ||
Banco Santander SA | 5.147% | 8/18/25 | 35,593 | 35,320 | ||
Banco Santander SA | 5.179% | 11/19/25 | 13,982 | 13,787 | ||
Banco Santander SA | 1.849% | 3/25/26 | 16,695 | 15,493 | ||
Banco Santander SA | 4.250% | 4/11/27 | 21,177 | 20,405 | ||
Banco Santander SA | 5.294% | 8/18/27 | 38,966 | 38,667 | ||
Banco Santander SA | 1.722% | 9/14/27 | 25,650 | 23,198 | ||
Banco Santander SA | 6.527% | 11/7/27 | 12,550 | 12,842 | ||
Banco Santander SA | 3.800% | 2/23/28 | 11,062 | 10,419 | ||
Banco Santander SA | 4.175% | 3/24/28 | 32,995 | 31,585 | ||
Banco Santander SA | 4.379% | 4/12/28 | 15,120 | 14,528 | ||
Banco Santander SA | 5.588% | 8/8/28 | 23,585 | 23,768 | ||
Banco Santander SA | 6.607% | 11/7/28 | 18,805 | 19,759 | ||
1 | Bank of America Corp. | 3.950% | 4/21/25 | 49,838 | 49,014 | |
1 | Bank of America Corp. | 3.875% | 8/1/25 | 20,292 | 19,968 | |
1 | Bank of America Corp. | 4.450% | 3/3/26 | 39,430 | 38,778 | |
1 | Bank of America Corp. | 3.384% | 4/2/26 | 48,094 | 46,965 | |
1 | Bank of America Corp. | 3.500% | 4/19/26 | 64,573 | 62,568 | |
1 | Bank of America Corp. | 1.319% | 6/19/26 | 46,534 | 44,057 | |
1 | Bank of America Corp. | 4.827% | 7/22/26 | 15,553 | 15,420 | |
Bank of America Corp. | 6.220% | 9/15/26 | 4,532 | 4,629 | ||
1 | Bank of America Corp. | 4.250% | 10/22/26 | 17,108 | 16,731 | |
1 | Bank of America Corp. | 1.197% | 10/24/26 | 39,563 | 36,858 | |
Bank of America Corp. | 5.080% | 1/20/27 | 30,632 | 30,436 | ||
1 | Bank of America Corp. | 1.658% | 3/11/27 | 66,131 | 61,397 | |
1 | Bank of America Corp. | 3.559% | 4/23/27 | 57,342 | 55,148 | |
Bank of America Corp. | 1.734% | 7/22/27 | 102,254 | 93,738 | ||
Bank of America Corp. | 5.933% | 9/15/27 | 15,656 | 15,876 | ||
1 | Bank of America Corp. | 3.248% | 10/21/27 | 17,927 | 16,934 | |
1 | Bank of America Corp. | 4.183% | 11/25/27 | 36,055 | 34,817 | |
1 | Bank of America Corp. | 3.824% | 1/20/28 | 25,668 | 24,660 | |
1 | Bank of America Corp. | 2.551% | 2/4/28 | 24,228 | 22,407 | |
1 | Bank of America Corp. | 3.705% | 4/24/28 | 15,107 | 14,388 | |
Bank of America Corp. | 4.376% | 4/27/28 | 48,214 | 46,927 | ||
1 | Bank of America Corp. | 3.593% | 7/21/28 | 35,668 | 33,775 | |
1 | Bank of America Corp. | 4.948% | 7/22/28 | 82,567 | 81,736 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Bank of America Corp. | 6.204% | 11/10/28 | 34,988 | 36,072 | ||
1 | Bank of America Corp. | 3.419% | 12/20/28 | 100,987 | 94,370 | |
1 | Bank of America Corp. | 3.970% | 3/5/29 | 44,829 | 42,644 | |
Bank of America Corp. | 5.202% | 4/25/29 | 67,460 | 67,078 | ||
1 | Bank of America Corp. | 2.087% | 6/14/29 | 43,660 | 38,313 | |
1 | Bank of America Corp. | 4.271% | 7/23/29 | 48,407 | 46,507 | |
Bank of America Corp. | 5.819% | 9/15/29 | 52,255 | 53,270 | ||
1 | Bank of America Corp. | 3.974% | 2/7/30 | 30,385 | 28,557 | |
Bank of America NA | 5.650% | 8/18/25 | 31,775 | 32,000 | ||
Bank of America NA | 5.526% | 8/18/26 | 32,566 | 32,880 | ||
1 | Bank of Montreal | 1.850% | 5/1/25 | 38,529 | 37,019 | |
1 | Bank of Montreal | 3.700% | 6/7/25 | 27,467 | 26,911 | |
Bank of Montreal | 5.920% | 9/25/25 | 10,115 | 10,219 | ||
Bank of Montreal | 5.300% | 6/5/26 | 18,236 | 18,280 | ||
1 | Bank of Montreal | 1.250% | 9/15/26 | 12,008 | 10,928 | |
1 | Bank of Montreal | 0.949% | 1/22/27 | 7,005 | 6,463 | |
1 | Bank of Montreal | 2.650% | 3/8/27 | 30,274 | 28,246 | |
1 | Bank of Montreal | 4.700% | 9/14/27 | 17,840 | 17,661 | |
Bank of Montreal | 5.203% | 2/1/28 | 21,549 | 21,629 | ||
Bank of Montreal | 5.717% | 9/25/28 | 26,973 | 27,655 | ||
1 | Bank of Montreal | 3.803% | 12/15/32 | 13,950 | 12,831 | |
1 | Bank of New York Mellon Corp. | 3.250% | 9/11/24 | 543 | 537 | |
1 | Bank of New York Mellon Corp. | 1.600% | 4/24/25 | 29,909 | 28,733 | |
1 | Bank of New York Mellon Corp. | 3.950% | 11/18/25 | 10,409 | 10,185 | |
1 | Bank of New York Mellon Corp. | 0.750% | 1/28/26 | 4,595 | 4,238 | |
1 | Bank of New York Mellon Corp. | 2.800% | 5/4/26 | 22,214 | 21,206 | |
1 | Bank of New York Mellon Corp. | 5.148% | 5/22/26 | 15,771 | 15,732 | |
Bank of New York Mellon Corp. | 4.414% | 7/24/26 | 19,182 | 18,919 | ||
1 | Bank of New York Mellon Corp. | 2.450% | 8/17/26 | 18,128 | 17,043 | |
1 | Bank of New York Mellon Corp. | 1.050% | 10/15/26 | 3,084 | 2,786 | |
1 | Bank of New York Mellon Corp. | 2.050% | 1/26/27 | 8,466 | 7,812 | |
Bank of New York Mellon Corp. | 4.947% | 4/26/27 | 18,170 | 18,075 | ||
1 | Bank of New York Mellon Corp. | 3.250% | 5/16/27 | 25,161 | 23,899 | |
1 | Bank of New York Mellon Corp. | 3.400% | 1/29/28 | 5,288 | 5,002 | |
1 | Bank of New York Mellon Corp. | 3.442% | 2/7/28 | 39,610 | 37,858 | |
1 | Bank of New York Mellon Corp. | 3.850% | 4/28/28 | 3,746 | 3,613 | |
1 | Bank of New York Mellon Corp. | 3.992% | 6/13/28 | 7,735 | 7,490 | |
1 | Bank of New York Mellon Corp. | 1.650% | 7/14/28 | 10,238 | 8,968 | |
1 | Bank of New York Mellon Corp. | 5.802% | 10/25/28 | 18,433 | 18,876 | |
1 | Bank of New York Mellon Corp. | 3.000% | 10/30/28 | 11,020 | 10,104 | |
Bank of New York Mellon Corp. | 4.543% | 2/1/29 | 15,014 | 14,739 | ||
1 | Bank of New York Mellon Corp. | 6.317% | 10/25/29 | 8,778 | 9,197 | |
1 | Bank of Nova Scotia | 3.450% | 4/11/25 | 35,483 | 34,745 | |
Bank of Nova Scotia | 1.300% | 6/11/25 | 12,545 | 11,923 | ||
Bank of Nova Scotia | 5.450% | 6/12/25 | 31,480 | 31,502 | ||
Bank of Nova Scotia | 4.500% | 12/16/25 | 26,549 | 26,092 | ||
Bank of Nova Scotia | 4.750% | 2/2/26 | 7,407 | 7,350 | ||
Bank of Nova Scotia | 1.050% | 3/2/26 | 5,430 | 5,007 | ||
Bank of Nova Scotia | 1.350% | 6/24/26 | 24,126 | 22,144 | ||
Bank of Nova Scotia | 2.700% | 8/3/26 | 31,642 | 29,879 | ||
Bank of Nova Scotia | 1.300% | 9/15/26 | 14,875 | 13,539 | ||
Bank of Nova Scotia | 1.950% | 2/2/27 | 12,471 | 11,446 | ||
Bank of Nova Scotia | 2.951% | 3/11/27 | 4,290 | 4,038 | ||
Bank of Nova Scotia | 5.250% | 6/12/28 | 10,333 | 10,385 | ||
BankUnited Inc. | 4.875% | 11/17/25 | 7,146 | 6,957 | ||
Barclays plc | 3.650% | 3/16/25 | 52,625 | 51,527 | ||
Barclays plc | 4.375% | 1/12/26 | 52,535 | 51,453 | ||
1 | Barclays plc | 2.852% | 5/7/26 | 47,493 | 45,914 | |
Barclays plc | 5.200% | 5/12/26 | 31,442 | 31,061 | ||
Barclays plc | 5.304% | 8/9/26 | 22,159 | 22,023 | ||
Barclays plc | 7.325% | 11/2/26 | 11,678 | 11,961 | ||
Barclays plc | 5.829% | 5/9/27 | 31,813 | 31,878 | ||
Barclays plc | 6.496% | 9/13/27 | 620 | 631 | ||
Barclays plc | 2.279% | 11/24/27 | 18,925 | 17,296 | ||
Barclays plc | 4.836% | 5/9/28 | 43,875 | 42,235 | ||
Barclays plc | 5.501% | 8/9/28 | 31,355 | 31,182 | ||
Barclays plc | 7.385% | 11/2/28 | 37,423 | 39,550 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Barclays plc | 4.972% | 5/16/29 | 23,646 | 22,990 | |
Barclays plc | 6.490% | 9/13/29 | 37,850 | 39,000 | ||
Berkshire Hathaway Finance Corp. | 2.300% | 3/15/27 | 10,300 | 9,641 | ||
Berkshire Hathaway Inc. | 3.125% | 3/15/26 | 47,704 | 46,113 | ||
BGC Group Inc. | 8.000% | 5/25/28 | 9,465 | 9,994 | ||
BlackRock Inc. | 3.200% | 3/15/27 | 9,097 | 8,700 | ||
Blackstone Private Credit Fund | 7.050% | 9/29/25 | 13,212 | 13,381 | ||
Blackstone Private Credit Fund | 2.625% | 12/15/26 | 20,565 | 18,576 | ||
Blackstone Private Credit Fund | 3.250% | 3/15/27 | 23,338 | 21,337 | ||
2 | Blackstone Private Credit Fund | 7.300% | 11/27/28 | 8,120 | 8,376 | |
Blackstone Private Credit Fund | 4.000% | 1/15/29 | 4,570 | 4,155 | ||
Blackstone Secured Lending Fund | 3.625% | 1/15/26 | 15,019 | 14,321 | ||
Blackstone Secured Lending Fund | 2.750% | 9/16/26 | 11,613 | 10,650 | ||
Blackstone Secured Lending Fund | 2.125% | 2/15/27 | 9,380 | 8,391 | ||
Blackstone Secured Lending Fund | 2.850% | 9/30/28 | 8,126 | 7,063 | ||
Blue Owl Capital Corp. | 4.000% | 3/30/25 | 2,443 | 2,385 | ||
Blue Owl Capital Corp. | 3.750% | 7/22/25 | 893 | 861 | ||
Blue Owl Capital Corp. | 4.250% | 1/15/26 | 8,357 | 8,045 | ||
Blue Owl Capital Corp. | 3.400% | 7/15/26 | 24,589 | 22,895 | ||
Blue Owl Capital Corp. | 2.625% | 1/15/27 | 5,412 | 4,901 | ||
Blue Owl Capital Corp. | 2.875% | 6/11/28 | 13,860 | 12,119 | ||
Blue Owl Capital Corp. | 5.950% | 3/15/29 | 6,000 | 5,862 | ||
2 | Blue Owl Capital Corp. II | 8.450% | 11/15/26 | 5,975 | 6,127 | |
1 | Blue Owl Credit Income Corp. | 5.500% | 3/21/25 | 8,456 | 8,380 | |
1 | Blue Owl Credit Income Corp. | 3.125% | 9/23/26 | 6,118 | 5,569 | |
1 | Blue Owl Credit Income Corp. | 4.700% | 2/8/27 | 8,201 | 7,723 | |
1 | Blue Owl Credit Income Corp. | 7.750% | 9/16/27 | 9,745 | 9,965 | |
2 | Blue Owl Credit Income Corp. | 7.950% | 6/13/28 | 10,565 | 10,887 | |
2 | Blue Owl Credit Income Corp. | 7.750% | 1/15/29 | 3,985 | 4,069 | |
Blue Owl Technology Finance Corp. | 2.500% | 1/15/27 | 5,168 | 4,552 | ||
2 | BNP Paribas SA | 2.819% | 11/19/25 | 1,160 | 1,135 | |
1 | BPCE SA | 3.375% | 12/2/26 | 6,225 | 5,968 | |
Brighthouse Financial Inc. | 3.700% | 6/22/27 | 8,469 | 7,986 | ||
Brookfield Finance Inc. | 4.250% | 6/2/26 | 9,622 | 9,447 | ||
Brookfield Finance Inc. | 3.900% | 1/25/28 | 17,458 | 16,741 | ||
Canadian Imperial Bank of Commerce | 3.300% | 4/7/25 | 18,199 | 17,778 | ||
Canadian Imperial Bank of Commerce | 5.144% | 4/28/25 | 15,329 | 15,277 | ||
Canadian Imperial Bank of Commerce | 3.945% | 8/4/25 | 26,747 | 26,224 | ||
Canadian Imperial Bank of Commerce | 1.250% | 6/22/26 | 8,601 | 7,885 | ||
Canadian Imperial Bank of Commerce | 5.615% | 7/17/26 | 3,732 | 3,768 | ||
Canadian Imperial Bank of Commerce | 5.926% | 10/2/26 | 16,941 | 17,241 | ||
Canadian Imperial Bank of Commerce | 3.450% | 4/7/27 | 18,469 | 17,603 | ||
Canadian Imperial Bank of Commerce | 5.001% | 4/28/28 | 21,475 | 21,398 | ||
Canadian Imperial Bank of Commerce | 5.986% | 10/3/28 | 9,290 | 9,623 | ||
Capital One Financial Corp. | 4.250% | 4/30/25 | 5,946 | 5,866 | ||
Capital One Financial Corp. | 4.200% | 10/29/25 | 23,575 | 23,044 | ||
Capital One Financial Corp. | 2.636% | 3/3/26 | 11,400 | 11,058 | ||
Capital One Financial Corp. | 4.985% | 7/24/26 | 5,882 | 5,827 | ||
Capital One Financial Corp. | 3.750% | 7/28/26 | 27,255 | 26,158 | ||
Capital One Financial Corp. | 3.750% | 3/9/27 | 31,252 | 29,832 | ||
Capital One Financial Corp. | 3.650% | 5/11/27 | 38,967 | 37,093 | ||
Capital One Financial Corp. | 7.149% | 10/29/27 | 10,004 | 10,372 | ||
Capital One Financial Corp. | 1.878% | 11/2/27 | 29,201 | 26,496 | ||
Capital One Financial Corp. | 4.927% | 5/10/28 | 29,123 | 28,487 | ||
Capital One Financial Corp. | 5.468% | 2/1/29 | 34,351 | 34,125 | ||
Capital One Financial Corp. | 6.312% | 6/8/29 | 14,224 | 14,567 | ||
Cboe Global Markets Inc. | 3.650% | 1/12/27 | 10,898 | 10,546 | ||
Charles Schwab Corp. | 3.000% | 3/10/25 | 10,702 | 10,449 | ||
Charles Schwab Corp. | 4.200% | 3/24/25 | 6,886 | 6,810 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Charles Schwab Corp. | 3.625% | 4/1/25 | 9,025 | 8,852 | ||
Charles Schwab Corp. | 3.850% | 5/21/25 | 20,820 | 20,431 | ||
Charles Schwab Corp. | 3.450% | 2/13/26 | 11,685 | 11,310 | ||
Charles Schwab Corp. | 0.900% | 3/11/26 | 13,665 | 12,530 | ||
Charles Schwab Corp. | 1.150% | 5/13/26 | 26,568 | 24,375 | ||
Charles Schwab Corp. | 3.200% | 3/2/27 | 5,200 | 4,935 | ||
Charles Schwab Corp. | 2.450% | 3/3/27 | 33,066 | 30,639 | ||
Charles Schwab Corp. | 3.300% | 4/1/27 | 9,783 | 9,293 | ||
Charles Schwab Corp. | 3.200% | 1/25/28 | 16,453 | 15,404 | ||
Charles Schwab Corp. | 2.000% | 3/20/28 | 18,542 | 16,438 | ||
Charles Schwab Corp. | 5.643% | 5/19/29 | 18,454 | 18,687 | ||
Charles Schwab Corp. | 6.196% | 11/17/29 | 19,280 | 19,911 | ||
Chubb INA Holdings Inc. | 3.350% | 5/15/24 | 1 | 1 | ||
Chubb INA Holdings Inc. | 3.150% | 3/15/25 | 20,863 | 20,396 | ||
Chubb INA Holdings Inc. | 3.350% | 5/3/26 | 33,131 | 31,940 | ||
1 | Cincinnati Financial Corp. | 6.920% | 5/15/28 | 6,500 | 6,923 | |
Citibank NA | 5.864% | 9/29/25 | 29,544 | 29,895 | ||
1 | Citibank NA | 5.488% | 12/4/26 | 21,055 | 21,232 | |
Citibank NA | 5.803% | 9/29/28 | 39,876 | 41,075 | ||
Citigroup Inc. | 3.875% | 3/26/25 | 33,721 | 33,076 | ||
Citigroup Inc. | 3.300% | 4/27/25 | 21,838 | 21,354 | ||
Citigroup Inc. | 4.400% | 6/10/25 | 51,897 | 51,142 | ||
Citigroup Inc. | 5.500% | 9/13/25 | 21,277 | 21,226 | ||
Citigroup Inc. | 3.700% | 1/12/26 | 34,467 | 33,556 | ||
Citigroup Inc. | 4.600% | 3/9/26 | 28,648 | 28,177 | ||
1 | Citigroup Inc. | 3.106% | 4/8/26 | 69,443 | 67,602 | |
Citigroup Inc. | 3.400% | 5/1/26 | 28,127 | 27,063 | ||
Citigroup Inc. | 5.610% | 9/29/26 | 50,808 | 50,867 | ||
Citigroup Inc. | 3.200% | 10/21/26 | 57,745 | 54,843 | ||
Citigroup Inc. | 4.300% | 11/20/26 | 2,488 | 2,423 | ||
Citigroup Inc. | 1.122% | 1/28/27 | 25,962 | 23,932 | ||
Citigroup Inc. | 1.462% | 6/9/27 | 36,212 | 33,185 | ||
Citigroup Inc. | 4.450% | 9/29/27 | 70,720 | 68,515 | ||
1 | Citigroup Inc. | 3.887% | 1/10/28 | 35,440 | 34,055 | |
1 | Citigroup Inc. | 3.070% | 2/24/28 | 77,125 | 72,251 | |
Citigroup Inc. | 4.658% | 5/24/28 | 30,684 | 30,125 | ||
1 | Citigroup Inc. | 3.668% | 7/24/28 | 54,607 | 51,764 | |
Citigroup Inc. | 4.125% | 7/25/28 | 22,770 | 21,610 | ||
1 | Citigroup Inc. | 3.520% | 10/27/28 | 25,936 | 24,362 | |
1 | Citigroup Inc. | 4.075% | 4/23/29 | 28,401 | 27,099 | |
Citigroup Inc. | 5.174% | 2/13/30 | 30,800 | 30,487 | ||
1 | Citizens Bank NA | 2.250% | 4/28/25 | 9,056 | 8,677 | |
1 | Citizens Bank NA | 3.750% | 2/18/26 | 3,574 | 3,434 | |
Citizens Bank NA | 4.575% | 8/9/28 | 18,210 | 17,342 | ||
Citizens Financial Group Inc. | 4.300% | 12/3/25 | 4,477 | 4,362 | ||
Citizens Financial Group Inc. | 2.850% | 7/27/26 | 11,638 | 10,875 | ||
Citizens Financial Group Inc. | 5.841% | 1/23/30 | 16,560 | 16,361 | ||
Citizens Financial Group Inc. | 4.300% | 2/11/31 | 2,336 | 1,993 | ||
CME Group Inc. | 3.000% | 3/15/25 | 14,149 | 13,824 | ||
CME Group Inc. | 3.750% | 6/15/28 | 7,195 | 6,941 | ||
CNA Financial Corp. | 4.500% | 3/1/26 | 8,257 | 8,125 | ||
CNA Financial Corp. | 3.450% | 8/15/27 | 8,182 | 7,744 | ||
CNO Financial Group Inc. | 5.250% | 5/30/25 | 8,233 | 8,183 | ||
1 | Comerica Bank | 4.000% | 7/27/25 | 1,495 | 1,449 | |
Comerica Inc. | 4.000% | 2/1/29 | 5,957 | 5,355 | ||
Comerica Inc. | 5.982% | 1/30/30 | 15,930 | 15,645 | ||
Commonwealth Bank of Australia | 5.499% | 9/12/25 | 13,240 | 13,311 | ||
1 | Cooperatieve Rabobank UA | 3.375% | 5/21/25 | 9,566 | 9,368 | |
1 | Cooperatieve Rabobank UA | 5.500% | 7/18/25 | 7,041 | 7,073 | |
Cooperatieve Rabobank UA | 4.375% | 8/4/25 | 24,255 | 23,784 | ||
Cooperatieve Rabobank UA | 4.850% | 1/9/26 | 24,745 | 24,630 | ||
1 | Cooperatieve Rabobank UA | 3.750% | 7/21/26 | 32,721 | 31,363 | |
Cooperatieve Rabobank UA | 5.500% | 10/5/26 | 14,344 | 14,505 | ||
Cooperatieve Rabobank UA | 4.800% | 1/9/29 | 10,700 | 10,599 | ||
Corebridge Financial Inc. | 3.650% | 4/5/27 | 44,574 | 42,191 | ||
Corebridge Financial Inc. | 3.850% | 4/5/29 | 2,575 | 2,388 | ||
Corebridge Financial Inc. | 6.875% | 12/15/52 | 14,560 | 14,544 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Credit Suisse AG | 2.950% | 4/9/25 | 21,010 | 20,406 | ||
Credit Suisse AG | 1.250% | 8/7/26 | 20,367 | 18,497 | ||
Credit Suisse AG | 5.000% | 7/9/27 | 30,507 | 30,218 | ||
Credit Suisse AG | 7.500% | 2/15/28 | 47,295 | 50,942 | ||
Deutsche Bank AG | 4.500% | 4/1/25 | 29,731 | 29,161 | ||
Deutsche Bank AG | 4.100% | 1/13/26 | 5,241 | 5,109 | ||
1 | Deutsche Bank AG | 4.100% | 1/13/26 | 11,188 | 10,921 | |
Deutsche Bank AG | 1.686% | 3/19/26 | 13,270 | 12,365 | ||
Deutsche Bank AG | 6.119% | 7/14/26 | 28,936 | 28,996 | ||
Deutsche Bank AG | 2.129% | 11/24/26 | 19,567 | 18,346 | ||
Deutsche Bank AG | 7.146% | 7/13/27 | 21,947 | 22,526 | ||
Deutsche Bank AG | 5.371% | 9/9/27 | 6,750 | 6,756 | ||
Deutsche Bank AG | 2.311% | 11/16/27 | 29,855 | 27,118 | ||
Deutsche Bank AG | 2.552% | 1/7/28 | 20,812 | 18,956 | ||
Deutsche Bank AG | 5.706% | 2/8/28 | 10,000 | 9,930 | ||
Deutsche Bank AG | 6.720% | 1/18/29 | 29,491 | 30,292 | ||
Deutsche Bank AG | 6.819% | 11/20/29 | 17,820 | 18,424 | ||
Deutsche Bank AG | 4.875% | 12/1/32 | 19,228 | 17,782 | ||
1 | Discover Bank | 4.250% | 3/13/26 | 3,575 | 3,472 | |
1 | Discover Bank | 3.450% | 7/27/26 | 26,678 | 25,298 | |
1 | Discover Bank | 4.650% | 9/13/28 | 11,146 | 10,642 | |
Discover Financial Services | 3.750% | 3/4/25 | 7,443 | 7,305 | ||
Discover Financial Services | 4.500% | 1/30/26 | 12,374 | 12,159 | ||
Discover Financial Services | 4.100% | 2/9/27 | 18,585 | 17,862 | ||
Eaton Vance Corp. | 3.500% | 4/6/27 | 2,780 | 2,646 | ||
Enstar Finance LLC | 5.750% | 9/1/40 | 324 | 310 | ||
Enstar Finance LLC | 5.500% | 1/15/42 | 10,509 | 9,559 | ||
Enstar Group Ltd. | 4.950% | 6/1/29 | 1,664 | 1,619 | ||
Equitable Holdings Inc. | 4.350% | 4/20/28 | 26,299 | 25,338 | ||
F&G Annuities & Life Inc. | 7.400% | 1/13/28 | 6,767 | 6,940 | ||
Fairfax Financial Holdings Ltd. | 4.850% | 4/17/28 | 10,285 | 10,066 | ||
Fidelity National Financial Inc. | 4.500% | 8/15/28 | 2,373 | 2,281 | ||
Fifth Third Bancorp | 2.550% | 5/5/27 | 15,507 | 14,238 | ||
Fifth Third Bancorp | 1.707% | 11/1/27 | 8,071 | 7,240 | ||
Fifth Third Bancorp | 4.055% | 4/25/28 | 7,297 | 6,902 | ||
Fifth Third Bancorp | 6.361% | 10/27/28 | 28,925 | 29,475 | ||
Fifth Third Bancorp | 6.339% | 7/27/29 | 22,523 | 23,129 | ||
1 | Fifth Third Bank NA | 3.950% | 7/28/25 | 11,237 | 10,987 | |
1 | Fifth Third Bank NA | 3.850% | 3/15/26 | 13,984 | 13,448 | |
1 | Fifth Third Bank NA | 2.250% | 2/1/27 | 7,747 | 7,103 | |
First Horizon Corp. | 4.000% | 5/26/25 | 2,371 | 2,308 | ||
First-Citizens Bank & Trust Co. | 6.125% | 3/9/28 | 6,725 | 6,814 | ||
Franklin Resources Inc. | 2.850% | 3/30/25 | 5,654 | 5,508 | ||
FS KKR Capital Corp. | 3.400% | 1/15/26 | 33,006 | 31,219 | ||
FS KKR Capital Corp. | 2.625% | 1/15/27 | 4,534 | 4,104 | ||
FS KKR Capital Corp. | 3.125% | 10/12/28 | 8,837 | 7,631 | ||
FS KKR Capital Corp. | 7.875% | 1/15/29 | 8,121 | 8,394 | ||
GATX Corp. | 3.250% | 3/30/25 | 3,870 | 3,773 | ||
GATX Corp. | 3.250% | 9/15/26 | 5,102 | 4,862 | ||
3 | GATX Corp. | 5.400% | 3/15/27 | 5,600 | 5,610 | |
GATX Corp. | 3.850% | 3/30/27 | 4,466 | 4,284 | ||
GATX Corp. | 4.550% | 11/7/28 | 9,179 | 8,963 | ||
GE Capital Funding LLC | 3.450% | 5/15/25 | 25,503 | 24,906 | ||
Global Payments Inc. | 1.200% | 3/1/26 | 27,846 | 25,635 | ||
Global Payments Inc. | 4.800% | 4/1/26 | 21,838 | 21,549 | ||
Global Payments Inc. | 2.150% | 1/15/27 | 9,589 | 8,800 | ||
Global Payments Inc. | 4.950% | 8/15/27 | 7,874 | 7,797 | ||
Globe Life Inc. | 4.550% | 9/15/28 | 9,801 | 9,552 | ||
Goldman Sachs BDC Inc. | 2.875% | 1/15/26 | 7,349 | 6,989 | ||
Goldman Sachs Group Inc. | 3.500% | 4/1/25 | 74,771 | 73,226 | ||
Goldman Sachs Group Inc. | 3.750% | 5/22/25 | 38,575 | 37,832 | ||
Goldman Sachs Group Inc. | 4.250% | 10/21/25 | 30,500 | 29,952 | ||
Goldman Sachs Group Inc. | 3.750% | 2/25/26 | 32,609 | 31,794 | ||
Goldman Sachs Group Inc. | 5.798% | 8/10/26 | 36,095 | 36,292 | ||
Goldman Sachs Group Inc. | 3.500% | 11/16/26 | 44,120 | 42,319 | ||
1 | Goldman Sachs Group Inc. | 1.093% | 12/9/26 | 25,833 | 23,936 | |
Goldman Sachs Group Inc. | 5.950% | 1/15/27 | 12,509 | 12,766 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Goldman Sachs Group Inc. | 3.850% | 1/26/27 | 50,490 | 48,784 | ||
Goldman Sachs Group Inc. | 1.431% | 3/9/27 | 39,504 | 36,515 | ||
Goldman Sachs Group Inc. | 4.387% | 6/15/27 | 13,143 | 12,900 | ||
Goldman Sachs Group Inc. | 1.542% | 9/10/27 | 35,535 | 32,300 | ||
Goldman Sachs Group Inc. | 1.948% | 10/21/27 | 76,949 | 70,464 | ||
Goldman Sachs Group Inc. | 2.640% | 2/24/28 | 74,255 | 68,795 | ||
Goldman Sachs Group Inc. | 3.615% | 3/15/28 | 55,838 | 53,244 | ||
1 | Goldman Sachs Group Inc. | 3.691% | 6/5/28 | 38,038 | 36,283 | |
Goldman Sachs Group Inc. | 4.482% | 8/23/28 | 41,086 | 40,082 | ||
1 | Goldman Sachs Group Inc. | 3.814% | 4/23/29 | 34,878 | 32,947 | |
1 | Goldman Sachs Group Inc. | 4.223% | 5/1/29 | 48,695 | 46,691 | |
Goldman Sachs Group Inc. | 6.484% | 10/24/29 | 27,585 | 28,913 | ||
Golub Capital BDC Inc. | 2.500% | 8/24/26 | 13,944 | 12,699 | ||
Golub Capital BDC Inc. | 2.050% | 2/15/27 | 4,761 | 4,189 | ||
Golub Capital BDC Inc. | 7.050% | 12/5/28 | 8,325 | 8,482 | ||
Hanover Insurance Group Inc. | 4.500% | 4/15/26 | 3,781 | 3,709 | ||
Hercules Capital Inc. | 2.625% | 9/16/26 | 3,394 | 3,057 | ||
2 | HPS Corporate Lending Fund | 6.750% | 1/30/29 | 6,260 | 6,201 | |
HSBC Holdings plc | 4.250% | 8/18/25 | 23,632 | 23,144 | ||
HSBC Holdings plc | 4.300% | 3/8/26 | 48,032 | 46,997 | ||
HSBC Holdings plc | 2.999% | 3/10/26 | 45,045 | 43,787 | ||
1 | HSBC Holdings plc | 1.645% | 4/18/26 | 51,036 | 48,697 | |
HSBC Holdings plc | 3.900% | 5/25/26 | 31,883 | 30,895 | ||
1 | HSBC Holdings plc | 2.099% | 6/4/26 | 27,439 | 26,242 | |
1 | HSBC Holdings plc | 4.292% | 9/12/26 | 59,920 | 58,754 | |
HSBC Holdings plc | 7.336% | 11/3/26 | 29,714 | 30,578 | ||
HSBC Holdings plc | 4.375% | 11/23/26 | 24,538 | 23,868 | ||
HSBC Holdings plc | 1.589% | 5/24/27 | 27,474 | 25,149 | ||
HSBC Holdings plc | 5.887% | 8/14/27 | 34,660 | 34,874 | ||
HSBC Holdings plc | 2.251% | 11/22/27 | 47,338 | 43,330 | ||
1 | HSBC Holdings plc | 4.041% | 3/13/28 | 46,750 | 44,794 | |
HSBC Holdings plc | 4.755% | 6/9/28 | 29,853 | 29,148 | ||
HSBC Holdings plc | 5.210% | 8/11/28 | 34,293 | 33,964 | ||
1 | HSBC Holdings plc | 2.013% | 9/22/28 | 23,458 | 20,786 | |
HSBC Holdings plc | 7.390% | 11/3/28 | 41,382 | 43,811 | ||
HSBC Holdings plc | 6.161% | 3/9/29 | 32,725 | 33,432 | ||
1 | HSBC Holdings plc | 4.583% | 6/19/29 | 48,900 | 47,041 | |
HSBC Holdings plc | 2.206% | 8/17/29 | 32,040 | 27,816 | ||
3 | HSBC USA Inc. | 5.294% | 3/4/27 | 16,000 | 16,013 | |
Huntington Bancshares Inc. | 4.000% | 5/15/25 | 8,084 | 7,938 | ||
Huntington Bancshares Inc. | 4.443% | 8/4/28 | 17,105 | 16,426 | ||
Huntington Bancshares Inc. | 6.208% | 8/21/29 | 19,875 | 20,215 | ||
Huntington National Bank | 4.552% | 5/17/28 | 13,992 | 13,488 | ||
ING Groep NV | 3.869% | 3/28/26 | 18,783 | 18,424 | ||
ING Groep NV | 3.950% | 3/29/27 | 39,736 | 38,258 | ||
ING Groep NV | 1.726% | 4/1/27 | 8,729 | 8,079 | ||
ING Groep NV | 4.017% | 3/28/28 | 17,307 | 16,612 | ||
ING Groep NV | 4.550% | 10/2/28 | 21,170 | 20,638 | ||
Intercontinental Exchange Inc. | 3.650% | 5/23/25 | 29,423 | 28,848 | ||
Intercontinental Exchange Inc. | 3.750% | 12/1/25 | 29,604 | 28,868 | ||
Intercontinental Exchange Inc. | 3.100% | 9/15/27 | 7,584 | 7,122 | ||
Intercontinental Exchange Inc. | 4.000% | 9/15/27 | 28,967 | 27,973 | ||
Intercontinental Exchange Inc. | 3.750% | 9/21/28 | 1,653 | 1,578 | ||
Intercontinental Exchange Inc. | 4.350% | 6/15/29 | 5,810 | 5,639 | ||
Invesco Finance plc | 3.750% | 1/15/26 | 8,248 | 8,015 | ||
Janus Henderson US Holdings Inc. | 4.875% | 8/1/25 | 1,363 | 1,347 | ||
Jefferies Financial Group Inc. | 4.850% | 1/15/27 | 8,472 | 8,413 | ||
Jefferies Financial Group Inc. | 6.450% | 6/8/27 | 10,122 | 10,433 | ||
Jefferies Financial Group Inc. | 5.875% | 7/21/28 | 20,815 | 21,220 | ||
JPMorgan Chase & Co. | 3.900% | 7/15/25 | 36,420 | 35,799 | ||
1 | JPMorgan Chase & Co. | 2.005% | 3/13/26 | 61,552 | 59,330 | |
JPMorgan Chase & Co. | 3.300% | 4/1/26 | 35,441 | 34,181 | ||
1 | JPMorgan Chase & Co. | 2.083% | 4/22/26 | 58,436 | 56,232 | |
JPMorgan Chase & Co. | 4.080% | 4/26/26 | 53,744 | 52,940 | ||
JPMorgan Chase & Co. | 3.200% | 6/15/26 | 30,269 | 29,117 | ||
JPMorgan Chase & Co. | 2.950% | 10/1/26 | 49,967 | 47,493 | ||
JPMorgan Chase & Co. | 7.625% | 10/15/26 | 4,279 | 4,547 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
JPMorgan Chase & Co. | 1.045% | 11/19/26 | 39,574 | 36,815 | ||
JPMorgan Chase & Co. | 4.125% | 12/15/26 | 35,671 | 34,820 | ||
1 | JPMorgan Chase & Co. | 3.960% | 1/29/27 | 19,913 | 19,433 | |
JPMorgan Chase & Co. | 1.040% | 2/4/27 | 20,596 | 18,980 | ||
JPMorgan Chase & Co. | 1.578% | 4/22/27 | 57,192 | 52,862 | ||
JPMorgan Chase & Co. | 8.000% | 4/29/27 | 13,423 | 14,597 | ||
JPMorgan Chase & Co. | 1.470% | 9/22/27 | 47,333 | 43,009 | ||
JPMorgan Chase & Co. | 4.250% | 10/1/27 | 14,566 | 14,248 | ||
JPMorgan Chase & Co. | 6.070% | 10/22/27 | 22,990 | 23,428 | ||
JPMorgan Chase & Co. | 5.040% | 1/23/28 | 42,010 | 41,786 | ||
1 | JPMorgan Chase & Co. | 3.782% | 2/1/28 | 43,864 | 42,110 | |
JPMorgan Chase & Co. | 2.947% | 2/24/28 | 27,244 | 25,512 | ||
JPMorgan Chase & Co. | 4.323% | 4/26/28 | 57,605 | 56,222 | ||
1 | JPMorgan Chase & Co. | 3.540% | 5/1/28 | 72,678 | 69,049 | |
1 | JPMorgan Chase & Co. | 2.182% | 6/1/28 | 10,669 | 9,717 | |
JPMorgan Chase & Co. | 4.851% | 7/25/28 | 72,572 | 71,766 | ||
1 | JPMorgan Chase & Co. | 3.509% | 1/23/29 | 35,951 | 33,867 | |
1 | JPMorgan Chase & Co. | 4.005% | 4/23/29 | 48,643 | 46,442 | |
JPMorgan Chase & Co. | 2.069% | 6/1/29 | 31,519 | 27,753 | ||
1 | JPMorgan Chase & Co. | 4.203% | 7/23/29 | 38,530 | 37,014 | |
JPMorgan Chase & Co. | 5.299% | 7/24/29 | 37,103 | 37,203 | ||
JPMorgan Chase & Co. | 6.087% | 10/23/29 | 42,830 | 44,275 | ||
1 | JPMorgan Chase & Co. | 4.452% | 12/5/29 | 11,270 | 10,899 | |
JPMorgan Chase & Co. | 5.012% | 1/23/30 | 56,855 | 56,257 | ||
JPMorgan Chase Bank NA | 5.110% | 12/8/26 | 36,015 | 36,055 | ||
1 | KeyBank NA | 3.300% | 6/1/25 | 8,917 | 8,574 | |
1 | KeyBank NA | 4.150% | 8/8/25 | 17,641 | 17,083 | |
KeyBank NA | 4.700% | 1/26/26 | 3,600 | 3,498 | ||
1 | KeyBank NA | 3.400% | 5/20/26 | 8,919 | 8,383 | |
1 | KeyBank NA | 5.850% | 11/15/27 | 13,879 | 13,691 | |
1 | KeyBank NA | 4.390% | 12/14/27 | 8,231 | 7,708 | |
1 | KeyBank NA | 6.950% | 2/1/28 | 4,545 | 4,647 | |
1 | KeyCorp | 4.150% | 10/29/25 | 10,989 | 10,654 | |
1 | KeyCorp | 2.250% | 4/6/27 | 22,195 | 19,798 | |
1 | KeyCorp | 4.100% | 4/30/28 | 13,475 | 12,612 | |
Lazard Group LLC | 3.625% | 3/1/27 | 7,367 | 6,969 | ||
Lazard Group LLC | 4.500% | 9/19/28 | 8,216 | 7,880 | ||
Legg Mason Inc. | 4.750% | 3/15/26 | 2,535 | 2,517 | ||
Lincoln National Corp. | 3.350% | 3/9/25 | 2,337 | 2,280 | ||
Lincoln National Corp. | 3.625% | 12/12/26 | 5,319 | 5,078 | ||
Lincoln National Corp. | 3.800% | 3/1/28 | 6,500 | 6,183 | ||
Lloyds Bank plc | 3.500% | 5/14/25 | 4,254 | 4,154 | ||
Lloyds Banking Group plc | 4.450% | 5/8/25 | 24,085 | 23,771 | ||
Lloyds Banking Group plc | 4.582% | 12/10/25 | 37,871 | 37,106 | ||
Lloyds Banking Group plc | 3.511% | 3/18/26 | 6,850 | 6,687 | ||
Lloyds Banking Group plc | 4.650% | 3/24/26 | 15,147 | 14,841 | ||
Lloyds Banking Group plc | 4.716% | 8/11/26 | 20,276 | 20,004 | ||
Lloyds Banking Group plc | 3.750% | 1/11/27 | 18,001 | 17,270 | ||
Lloyds Banking Group plc | 1.627% | 5/11/27 | 8,582 | 7,872 | ||
Lloyds Banking Group plc | 5.462% | 1/5/28 | 16,459 | 16,394 | ||
Lloyds Banking Group plc | 3.750% | 3/18/28 | 23,025 | 21,818 | ||
Lloyds Banking Group plc | 4.375% | 3/22/28 | 36,402 | 35,157 | ||
Lloyds Banking Group plc | 4.550% | 8/16/28 | 8,835 | 8,572 | ||
1 | Lloyds Banking Group plc | 3.574% | 11/7/28 | 18,936 | 17,660 | |
Lloyds Banking Group plc | 5.871% | 3/6/29 | 32,462 | 32,778 | ||
Loews Corp. | 3.750% | 4/1/26 | 8,680 | 8,439 | ||
LPL Holdings Inc. | 6.750% | 11/17/28 | 12,257 | 12,789 | ||
M&T Bank Corp. | 4.553% | 8/16/28 | 9,372 | 8,933 | ||
M&T Bank Corp. | 7.413% | 10/30/29 | 11,110 | 11,654 | ||
Main Street Capital Corp. | 3.000% | 7/14/26 | 9,871 | 9,109 | ||
Main Street Capital Corp. | 6.950% | 3/1/29 | 3,500 | 3,511 | ||
Manufacturers & Traders Trust Co. | 5.400% | 11/21/25 | 11,835 | 11,718 | ||
Manufacturers & Traders Trust Co. | 4.650% | 1/27/26 | 22,009 | 21,429 | ||
1 | Manufacturers & Traders Trust Co. | 3.400% | 8/17/27 | 9,810 | 8,946 | |
Manufacturers & Traders Trust Co. | 4.700% | 1/27/28 | 18,814 | 18,097 | ||
Manulife Financial Corp. | 4.150% | 3/4/26 | 16,626 | 16,295 | ||
Manulife Financial Corp. | 2.484% | 5/19/27 | 10,085 | 9,364 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Manulife Financial Corp. | 4.061% | 2/24/32 | 9,382 | 8,942 | |
Markel Group Inc. | 3.500% | 11/1/27 | 5,114 | 4,817 | ||
Marsh & McLennan Cos. Inc. | 3.500% | 3/10/25 | 17,420 | 17,110 | ||
Marsh & McLennan Cos. Inc. | 3.750% | 3/14/26 | 9,627 | 9,392 | ||
Mastercard Inc. | 2.000% | 3/3/25 | 20,931 | 20,286 | ||
Mastercard Inc. | 2.950% | 11/21/26 | 12,291 | 11,724 | ||
Mastercard Inc. | 3.300% | 3/26/27 | 14,366 | 13,766 | ||
Mastercard Inc. | 4.875% | 3/9/28 | 20,291 | 20,518 | ||
Mercury General Corp. | 4.400% | 3/15/27 | 6,900 | 6,589 | ||
MetLife Inc. | 3.000% | 3/1/25 | 14,184 | 13,865 | ||
MetLife Inc. | 3.600% | 11/13/25 | 8,038 | 7,842 | ||
MGIC Investment Corp. | 5.250% | 8/15/28 | 1,950 | 1,884 | ||
Mitsubishi UFJ Financial Group Inc. | 3.777% | 3/2/25 | 5,157 | 5,074 | ||
Mitsubishi UFJ Financial Group Inc. | 1.412% | 7/17/25 | 28,184 | 26,703 | ||
Mitsubishi UFJ Financial Group Inc. | 3.850% | 3/1/26 | 29,608 | 28,864 | ||
Mitsubishi UFJ Financial Group Inc. | 3.837% | 4/17/26 | 1,486 | 1,457 | ||
Mitsubishi UFJ Financial Group Inc. | 5.541% | 4/17/26 | 8,086 | 8,078 | ||
Mitsubishi UFJ Financial Group Inc. | 2.757% | 9/13/26 | 4,746 | 4,474 | ||
Mitsubishi UFJ Financial Group Inc. | 3.677% | 2/22/27 | 16,336 | 15,745 | ||
Mitsubishi UFJ Financial Group Inc. | 1.538% | 7/20/27 | 71,332 | 65,265 | ||
Mitsubishi UFJ Financial Group Inc. | 3.287% | 7/25/27 | 18,602 | 17,591 | ||
Mitsubishi UFJ Financial Group Inc. | 1.640% | 10/13/27 | 6,922 | 6,305 | ||
Mitsubishi UFJ Financial Group Inc. | 2.341% | 1/19/28 | 38,731 | 35,758 | ||
Mitsubishi UFJ Financial Group Inc. | 3.961% | 3/2/28 | 11,817 | 11,382 | ||
Mitsubishi UFJ Financial Group Inc. | 4.080% | 4/19/28 | 5,796 | 5,600 | ||
Mitsubishi UFJ Financial Group Inc. | 5.017% | 7/20/28 | 22,293 | 22,133 | ||
Mitsubishi UFJ Financial Group Inc. | 4.050% | 9/11/28 | 9,206 | 8,910 | ||
Mitsubishi UFJ Financial Group Inc. | 5.354% | 9/13/28 | 19,944 | 19,994 | ||
Mitsubishi UFJ Financial Group Inc. | 5.422% | 2/22/29 | 27,748 | 27,945 | ||
Mitsubishi UFJ Financial Group Inc. | 5.242% | 4/19/29 | 9,420 | 9,440 | ||
Mizuho Financial Group Inc. | 2.651% | 5/22/26 | 3,907 | 3,771 | ||
1 | Mizuho Financial Group Inc. | 2.226% | 5/25/26 | 12,342 | 11,839 | |
Mizuho Financial Group Inc. | 2.839% | 9/13/26 | 13,638 | 12,850 | ||
Mizuho Financial Group Inc. | 3.663% | 2/28/27 | 6,168 | 5,904 | ||
Mizuho Financial Group Inc. | 1.234% | 5/22/27 | 25,567 | 23,359 | ||
Mizuho Financial Group Inc. | 1.554% | 7/9/27 | 11,740 | 10,748 | ||
Mizuho Financial Group Inc. | 4.018% | 3/5/28 | 27,115 | 26,068 | ||
Mizuho Financial Group Inc. | 5.414% | 9/13/28 | 26,551 | 26,664 | ||
Mizuho Financial Group Inc. | 5.667% | 5/27/29 | 13,604 | 13,786 | ||
Mizuho Financial Group Inc. | 5.778% | 7/6/29 | 27,075 | 27,567 | ||
1 | Mizuho Financial Group Inc. | 4.254% | 9/11/29 | 17,273 | 16,552 | |
1 | Morgan Stanley | 4.000% | 7/23/25 | 54,827 | 53,890 | |
Morgan Stanley | 5.000% | 11/24/25 | 27,701 | 27,537 | ||
1 | Morgan Stanley | 3.875% | 1/27/26 | 70,340 | 68,630 | |
1 | Morgan Stanley | 2.188% | 4/28/26 | 50,569 | 48,667 | |
Morgan Stanley | 4.679% | 7/17/26 | 26,765 | 26,482 | ||
1 | Morgan Stanley | 3.125% | 7/27/26 | 61,261 | 58,410 | |
1 | Morgan Stanley | 6.250% | 8/9/26 | 6,790 | 6,949 | |
1 | Morgan Stanley | 4.350% | 9/8/26 | 45,567 | 44,542 | |
Morgan Stanley | 6.138% | 10/16/26 | 4,977 | 5,036 | ||
Morgan Stanley | 0.985% | 12/10/26 | 24,092 | 22,230 | ||
Morgan Stanley | 3.625% | 1/20/27 | 56,036 | 54,026 | ||
Morgan Stanley | 5.050% | 1/28/27 | 25,280 | 25,190 | ||
Morgan Stanley | 3.950% | 4/23/27 | 33,986 | 32,711 | ||
Morgan Stanley | 1.593% | 5/4/27 | 86,338 | 79,599 | ||
1 | Morgan Stanley | 1.512% | 7/20/27 | 52,855 | 48,341 | |
Morgan Stanley | 2.475% | 1/21/28 | 20,627 | 19,080 | ||
Morgan Stanley | 4.210% | 4/20/28 | 29,029 | 28,093 | ||
1 | Morgan Stanley | 3.591% | 7/22/28 | 39,330 | 37,220 | |
Morgan Stanley | 6.296% | 10/18/28 | 39,546 | 40,876 | ||
1 | Morgan Stanley | 3.772% | 1/24/29 | 39,028 | 36,886 | |
Morgan Stanley | 5.123% | 2/1/29 | 62,430 | 62,056 | ||
1 | Morgan Stanley | 5.164% | 4/20/29 | 52,140 | 51,777 | |
Morgan Stanley | 5.449% | 7/20/29 | 34,093 | 34,234 | ||
Morgan Stanley | 6.407% | 11/1/29 | 28,835 | 30,084 | ||
Morgan Stanley | 5.173% | 1/16/30 | 52,070 | 51,746 | ||
1 | Morgan Stanley | 4.431% | 1/23/30 | 40,510 | 38,901 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Morgan Stanley Bank NA | 5.479% | 7/16/25 | 9,990 | 10,030 | ||
1 | Morgan Stanley Bank NA | 4.754% | 4/21/26 | 16,856 | 16,751 | |
1 | Morgan Stanley Bank NA | 5.882% | 10/30/26 | 30,650 | 31,211 | |
1 | Morgan Stanley Bank NA | 4.952% | 1/14/28 | 17,175 | 17,078 | |
Morgan Stanley Direct Lending Fund | 4.500% | 2/11/27 | 2,469 | 2,360 | ||
Nasdaq Inc. | 5.650% | 6/28/25 | 6,832 | 6,854 | ||
Nasdaq Inc. | 3.850% | 6/30/26 | 12,380 | 12,015 | ||
Nasdaq Inc. | 5.350% | 6/28/28 | 20,585 | 20,791 | ||
National Australia Bank Ltd. | 5.200% | 5/13/25 | 21,288 | 21,299 | ||
National Australia Bank Ltd. | 4.750% | 12/10/25 | 12,830 | 12,769 | ||
National Australia Bank Ltd. | 4.966% | 1/12/26 | 23,955 | 23,911 | ||
National Australia Bank Ltd. | 3.375% | 1/14/26 | 14,633 | 14,195 | ||
1 | National Australia Bank Ltd. | 2.500% | 7/12/26 | 18,788 | 17,725 | |
National Australia Bank Ltd. | 3.905% | 6/9/27 | 14,526 | 14,083 | ||
National Australia Bank Ltd. | 4.944% | 1/12/28 | 18,738 | 18,730 | ||
National Australia Bank Ltd. | 4.900% | 6/13/28 | 21,065 | 21,016 | ||
National Australia Bank Ltd. | 4.787% | 1/10/29 | 13,460 | 13,371 | ||
National Bank of Canada | 5.600% | 12/18/28 | 20,070 | 20,268 | ||
NatWest Group plc | 4.800% | 4/5/26 | 29,105 | 28,745 | ||
NatWest Group plc | 7.472% | 11/10/26 | 31,538 | 32,402 | ||
NatWest Group plc | 5.847% | 3/2/27 | 16,686 | 16,752 | ||
NatWest Group plc | 1.642% | 6/14/27 | 27,601 | 25,228 | ||
NatWest Group plc | 5.583% | 3/1/28 | 5,000 | 5,004 | ||
1 | NatWest Group plc | 3.073% | 5/22/28 | 14,896 | 13,826 | |
NatWest Group plc | 5.516% | 9/30/28 | 18,512 | 18,497 | ||
1 | NatWest Group plc | 4.892% | 5/18/29 | 45,345 | 44,124 | |
NatWest Group plc | 5.808% | 9/13/29 | 7,345 | 7,419 | ||
1 | NatWest Group plc | 5.076% | 1/27/30 | 20,040 | 19,592 | |
Nomura Holdings Inc. | 5.099% | 7/3/25 | 16,724 | 16,585 | ||
Nomura Holdings Inc. | 1.851% | 7/16/25 | 32,512 | 30,869 | ||
Nomura Holdings Inc. | 5.709% | 1/9/26 | 2,165 | 2,169 | ||
Nomura Holdings Inc. | 1.653% | 7/14/26 | 18,018 | 16,477 | ||
Nomura Holdings Inc. | 2.329% | 1/22/27 | 30,790 | 28,215 | ||
Nomura Holdings Inc. | 5.386% | 7/6/27 | 2,312 | 2,307 | ||
Nomura Holdings Inc. | 6.070% | 7/12/28 | 13,536 | 13,858 | ||
Nomura Holdings Inc. | 2.172% | 7/14/28 | 17,173 | 14,969 | ||
Northern Trust Corp. | 3.950% | 10/30/25 | 6,636 | 6,509 | ||
Northern Trust Corp. | 4.000% | 5/10/27 | 21,556 | 20,935 | ||
Northern Trust Corp. | 3.650% | 8/3/28 | 9,313 | 8,905 | ||
1 | Northern Trust Corp. | 3.375% | 5/8/32 | 4,236 | 3,929 | |
Oaktree Specialty Lending Corp. | 2.700% | 1/15/27 | 5,708 | 5,095 | ||
2 | Oaktree Strategic Credit Fund | 8.400% | 11/14/28 | 5,385 | 5,650 | |
Old Republic International Corp. | 3.875% | 8/26/26 | 9,200 | 8,901 | ||
ORIX Corp. | 3.700% | 7/18/27 | 2,115 | 2,022 | ||
ORIX Corp. | 5.000% | 9/13/27 | 12,185 | 12,172 | ||
PayPal Holdings Inc. | 1.650% | 6/1/25 | 23,414 | 22,417 | ||
PayPal Holdings Inc. | 2.650% | 10/1/26 | 30,454 | 28,716 | ||
1 | PNC Bank NA | 3.875% | 4/10/25 | 13,796 | 13,533 | |
1 | PNC Bank NA | 3.250% | 6/1/25 | 3,738 | 3,638 | |
1 | PNC Bank NA | 4.200% | 11/1/25 | 10,285 | 10,043 | |
1 | PNC Bank NA | 3.100% | 10/25/27 | 8,584 | 7,974 | |
1 | PNC Bank NA | 3.250% | 1/22/28 | 5,581 | 5,183 | |
1 | PNC Bank NA | 4.050% | 7/26/28 | 19,697 | 18,629 | |
PNC Financial Services Group Inc. | 5.812% | 6/12/26 | 19,244 | 19,269 | ||
PNC Financial Services Group Inc. | 2.600% | 7/23/26 | 23,707 | 22,288 | ||
PNC Financial Services Group Inc. | 1.150% | 8/13/26 | 11,833 | 10,738 | ||
PNC Financial Services Group Inc. | 4.758% | 1/26/27 | 10,484 | 10,358 | ||
PNC Financial Services Group Inc. | 3.150% | 5/19/27 | 8,243 | 7,758 | ||
PNC Financial Services Group Inc. | 6.615% | 10/20/27 | 17,971 | 18,451 | ||
PNC Financial Services Group Inc. | 5.300% | 1/21/28 | 27,360 | 27,326 | ||
PNC Financial Services Group Inc. | 5.354% | 12/2/28 | 12,463 | 12,457 | ||
PNC Financial Services Group Inc. | 5.582% | 6/12/29 | 48,099 | 48,404 | ||
Principal Financial Group Inc. | 3.400% | 5/15/25 | 7,207 | 7,039 | ||
Principal Financial Group Inc. | 3.100% | 11/15/26 | 5,380 | 5,105 | ||
Progressive Corp. | 2.450% | 1/15/27 | 15,651 | 14,604 | ||
Progressive Corp. | 2.500% | 3/15/27 | 12,868 | 11,980 | ||
Progressive Corp. | 4.000% | 3/1/29 | 11,213 | 10,786 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Prospect Capital Corp. | 3.706% | 1/22/26 | 6,649 | 6,267 | ||
Prospect Capital Corp. | 3.364% | 11/15/26 | 5,113 | 4,613 | ||
Prospect Capital Corp. | 3.437% | 10/15/28 | 5,015 | 4,269 | ||
1 | Prudential Financial Inc. | 1.500% | 3/10/26 | 7,480 | 6,969 | |
1 | Prudential Financial Inc. | 5.375% | 5/15/45 | 7,440 | 7,326 | |
1 | Prudential Financial Inc. | 4.500% | 9/15/47 | 20,095 | 18,814 | |
1 | Prudential Financial Inc. | 5.700% | 9/15/48 | 8,644 | 8,444 | |
3 | Radian Group Inc. | 6.200% | 5/15/29 | 4,866 | 4,878 | |
Regions Financial Corp. | 2.250% | 5/18/25 | 12,690 | 12,151 | ||
Regions Financial Corp. | 1.800% | 8/12/28 | 12,869 | 10,960 | ||
Reinsurance Group of America Inc. | 3.950% | 9/15/26 | 3,745 | 3,662 | ||
RenaissanceRe Finance Inc. | 3.700% | 4/1/25 | 4,975 | 4,873 | ||
RenaissanceRe Finance Inc. | 3.450% | 7/1/27 | 5,142 | 4,837 | ||
RenaissanceRe Holdings Ltd. | 3.600% | 4/15/29 | 1,533 | 1,413 | ||
Royal Bank of Canada | 3.375% | 4/14/25 | 12,713 | 12,450 | ||
1 | Royal Bank of Canada | 4.950% | 4/25/25 | 18,510 | 18,463 | |
1 | Royal Bank of Canada | 1.150% | 6/10/25 | 44,241 | 42,030 | |
1 | Royal Bank of Canada | 0.875% | 1/20/26 | 28,835 | 26,693 | |
1 | Royal Bank of Canada | 4.650% | 1/27/26 | 39,418 | 39,025 | |
Royal Bank of Canada | 1.200% | 4/27/26 | 42,777 | 39,365 | ||
1 | Royal Bank of Canada | 1.150% | 7/14/26 | 18,578 | 16,972 | |
1 | Royal Bank of Canada | 1.400% | 11/2/26 | 13,917 | 12,647 | |
1 | Royal Bank of Canada | 4.875% | 1/19/27 | 11,125 | 11,070 | |
1 | Royal Bank of Canada | 2.050% | 1/21/27 | 8,554 | 7,894 | |
Royal Bank of Canada | 3.625% | 5/4/27 | 12,283 | 11,772 | ||
1 | Royal Bank of Canada | 4.240% | 8/3/27 | 27,282 | 26,580 | |
1 | Royal Bank of Canada | 6.000% | 11/1/27 | 15,259 | 15,712 | |
1 | Royal Bank of Canada | 4.900% | 1/12/28 | 18,794 | 18,732 | |
1 | Royal Bank of Canada | 5.200% | 8/1/28 | 12,650 | 12,719 | |
1 | Royal Bank of Canada | 4.950% | 2/1/29 | 7,363 | 7,315 | |
Santander Holdings USA Inc. | 3.450% | 6/2/25 | 15,832 | 15,353 | ||
Santander Holdings USA Inc. | 4.500% | 7/17/25 | 14,683 | 14,394 | ||
Santander Holdings USA Inc. | 5.807% | 9/9/26 | 5,290 | 5,277 | ||
Santander Holdings USA Inc. | 3.244% | 10/5/26 | 33,047 | 30,965 | ||
Santander Holdings USA Inc. | 4.400% | 7/13/27 | 26,799 | 25,683 | ||
Santander Holdings USA Inc. | 2.490% | 1/6/28 | 14,113 | 12,763 | ||
Santander Holdings USA Inc. | 6.499% | 3/9/29 | 14,105 | 14,324 | ||
Santander Holdings USA Inc. | 6.174% | 1/9/30 | 16,835 | 16,780 | ||
1 | Santander UK Group Holdings plc | 1.532% | 8/21/26 | 10,857 | 10,170 | |
Santander UK Group Holdings plc | 6.833% | 11/21/26 | 19,410 | 19,696 | ||
Santander UK Group Holdings plc | 1.673% | 6/14/27 | 16,812 | 15,283 | ||
Santander UK Group Holdings plc | 2.469% | 1/11/28 | 25,832 | 23,524 | ||
1 | Santander UK Group Holdings plc | 3.823% | 11/3/28 | 15,026 | 14,026 | |
Santander UK Group Holdings plc | 6.534% | 1/10/29 | 24,020 | 24,638 | ||
Sixth Street Specialty Lending Inc. | 2.500% | 8/1/26 | 6,828 | 6,272 | ||
Sixth Street Specialty Lending Inc. | 6.950% | 8/14/28 | 7,370 | 7,504 | ||
Sixth Street Specialty Lending Inc. | 6.125% | 3/1/29 | 5,715 | 5,626 | ||
State Street Corp. | 3.550% | 8/18/25 | 25,756 | 25,233 | ||
State Street Corp. | 2.901% | 3/30/26 | 13,546 | 13,191 | ||
State Street Corp. | 5.104% | 5/18/26 | 16,110 | 16,050 | ||
State Street Corp. | 2.650% | 5/19/26 | 13,264 | 12,614 | ||
State Street Corp. | 5.272% | 8/3/26 | 13,114 | 13,157 | ||
State Street Corp. | 5.751% | 11/4/26 | 10,312 | 10,357 | ||
State Street Corp. | 2.203% | 2/7/28 | 15,802 | 14,537 | ||
State Street Corp. | 5.820% | 11/4/28 | 6,658 | 6,811 | ||
State Street Corp. | 5.684% | 11/21/29 | 18,880 | 19,302 | ||
1 | Sumitomo Mitsui Banking Corp. | 3.650% | 7/23/25 | 969 | 947 | |
Sumitomo Mitsui Financial Group Inc. | 1.474% | 7/8/25 | 60,094 | 57,123 | ||
Sumitomo Mitsui Financial Group Inc. | 0.948% | 1/12/26 | 16,368 | 15,135 | ||
Sumitomo Mitsui Financial Group Inc. | 5.464% | 1/13/26 | 13,937 | 13,980 | ||
Sumitomo Mitsui Financial Group Inc. | 3.784% | 3/9/26 | 9,038 | 8,791 | ||
Sumitomo Mitsui Financial Group Inc. | 5.880% | 7/13/26 | 3,095 | 3,141 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Sumitomo Mitsui Financial Group Inc. | 2.632% | 7/14/26 | 24,620 | 23,242 | ||
Sumitomo Mitsui Financial Group Inc. | 1.402% | 9/17/26 | 62,400 | 56,844 | ||
Sumitomo Mitsui Financial Group Inc. | 3.010% | 10/19/26 | 31,299 | 29,632 | ||
Sumitomo Mitsui Financial Group Inc. | 3.446% | 1/11/27 | 29,094 | 27,863 | ||
Sumitomo Mitsui Financial Group Inc. | 2.174% | 1/14/27 | 8,583 | 7,925 | ||
Sumitomo Mitsui Financial Group Inc. | 3.364% | 7/12/27 | 15,956 | 15,122 | ||
Sumitomo Mitsui Financial Group Inc. | 5.520% | 1/13/28 | 48,384 | 49,148 | ||
Sumitomo Mitsui Financial Group Inc. | 5.800% | 7/13/28 | 14,614 | 15,010 | ||
Sumitomo Mitsui Financial Group Inc. | 3.944% | 7/19/28 | 6,163 | 5,898 | ||
Sumitomo Mitsui Financial Group Inc. | 5.716% | 9/14/28 | 12,201 | 12,473 | ||
Sumitomo Mitsui Financial Group Inc. | 1.902% | 9/17/28 | 67,746 | 58,941 | ||
1 | Synchrony Bank | 5.400% | 8/22/25 | 5,805 | 5,737 | |
Synchrony Bank | 5.625% | 8/23/27 | 9,945 | 9,676 | ||
Synchrony Financial | 4.500% | 7/23/25 | 25,125 | 24,556 | ||
Synchrony Financial | 3.700% | 8/4/26 | 13,258 | 12,511 | ||
Synchrony Financial | 3.950% | 12/1/27 | 12,502 | 11,580 | ||
Synovus Bank | 5.625% | 2/15/28 | 8,669 | 8,351 | ||
Toronto-Dominion Bank | 3.766% | 6/6/25 | 37,673 | 37,001 | ||
1 | Toronto-Dominion Bank | 1.150% | 6/12/25 | 33,293 | 31,602 | |
1 | Toronto-Dominion Bank | 0.750% | 9/11/25 | 9,424 | 8,830 | |
1 | Toronto-Dominion Bank | 0.750% | 1/6/26 | 20,379 | 18,850 | |
1 | Toronto-Dominion Bank | 1.200% | 6/3/26 | 26,975 | 24,748 | |
1 | Toronto-Dominion Bank | 5.532% | 7/17/26 | 11,498 | 11,600 | |
1 | Toronto-Dominion Bank | 1.250% | 9/10/26 | 36,144 | 32,931 | |
1 | Toronto-Dominion Bank | 1.950% | 1/12/27 | 15,157 | 13,950 | |
1 | Toronto-Dominion Bank | 2.800% | 3/10/27 | 9,421 | 8,835 | |
Toronto-Dominion Bank | 4.108% | 6/8/27 | 14,172 | 13,754 | ||
1 | Toronto-Dominion Bank | 4.693% | 9/15/27 | 45,493 | 44,974 | |
Toronto-Dominion Bank | 5.156% | 1/10/28 | 19,613 | 19,672 | ||
1 | Toronto-Dominion Bank | 5.523% | 7/17/28 | 17,040 | 17,313 | |
1 | Toronto-Dominion Bank | 3.625% | 9/15/31 | 28,778 | 27,464 | |
Trinity Acquisition plc | 4.400% | 3/15/26 | 9,236 | 9,050 | ||
1 | Truist Bank | 1.500% | 3/10/25 | 25,861 | 24,849 | |
1 | Truist Bank | 3.625% | 9/16/25 | 28,421 | 27,573 | |
1 | Truist Bank | 4.050% | 11/3/25 | 7,186 | 7,032 | |
1 | Truist Bank | 3.300% | 5/15/26 | 9,611 | 9,153 | |
1 | Truist Bank | 3.800% | 10/30/26 | 13,100 | 12,511 | |
Truist Financial Corp. | 4.000% | 5/1/25 | 27,957 | 27,451 | ||
1 | Truist Financial Corp. | 3.700% | 6/5/25 | 24,057 | 23,527 | |
1 | Truist Financial Corp. | 1.200% | 8/5/25 | 8,347 | 7,851 | |
1 | Truist Financial Corp. | 4.260% | 7/28/26 | 17,322 | 16,968 | |
1 | Truist Financial Corp. | 5.900% | 10/28/26 | 17,482 | 17,521 | |
1 | Truist Financial Corp. | 1.267% | 3/2/27 | 7,615 | 6,990 | |
1 | Truist Financial Corp. | 6.047% | 6/8/27 | 24,319 | 24,555 | |
1 | Truist Financial Corp. | 1.125% | 8/3/27 | 3,016 | 2,625 | |
1 | Truist Financial Corp. | 4.123% | 6/6/28 | 17,165 | 16,492 | |
1 | Truist Financial Corp. | 4.873% | 1/26/29 | 29,079 | 28,300 | |
1 | Truist Financial Corp. | 1.887% | 6/7/29 | 15,240 | 13,089 | |
1 | Truist Financial Corp. | 7.161% | 10/30/29 | 19,300 | 20,431 | |
1 | Truist Financial Corp. | 5.435% | 1/24/30 | 27,390 | 27,117 | |
UBS AG | 5.800% | 9/11/25 | 12,760 | 12,850 | ||
UBS AG | 5.650% | 9/11/28 | 27,926 | 28,483 | ||
UBS Group AG | 3.750% | 3/26/25 | 41,838 | 40,971 | ||
UBS Group AG | 4.550% | 4/17/26 | 41,422 | 40,684 | ||
US Bancorp | 1.450% | 5/12/25 | 20,041 | 19,177 | ||
1 | US Bancorp | 3.950% | 11/17/25 | 4,804 | 4,700 | |
1 | US Bancorp | 3.100% | 4/27/26 | 23,646 | 22,578 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | US Bancorp | 2.375% | 7/22/26 | 20,890 | 19,576 | |
US Bancorp | 5.727% | 10/21/26 | 18,795 | 18,874 | ||
1 | US Bancorp | 3.150% | 4/27/27 | 21,826 | 20,607 | |
US Bancorp | 6.787% | 10/26/27 | 9,123 | 9,423 | ||
1 | US Bancorp | 2.215% | 1/27/28 | 11,579 | 10,606 | |
1 | US Bancorp | 3.900% | 4/26/28 | 21,452 | 20,533 | |
1 | US Bancorp | 4.548% | 7/22/28 | 27,072 | 26,431 | |
US Bancorp | 4.653% | 2/1/29 | 35,171 | 34,180 | ||
US Bancorp | 5.775% | 6/12/29 | 27,060 | 27,337 | ||
US Bancorp | 5.384% | 1/23/30 | 22,667 | 22,539 | ||
Visa Inc. | 3.150% | 12/14/25 | 71,242 | 69,098 | ||
Visa Inc. | 1.900% | 4/15/27 | 32,751 | 30,155 | ||
Visa Inc. | 0.750% | 8/15/27 | 6,104 | 5,360 | ||
Visa Inc. | 2.750% | 9/15/27 | 5,373 | 5,032 | ||
Voya Financial Inc. | 3.650% | 6/15/26 | 12,633 | 12,146 | ||
1 | Voya Financial Inc. | 4.700% | 1/23/48 | 6,515 | 5,477 | |
Wachovia Corp. | 7.574% | 8/1/26 | 2,858 | 2,997 | ||
1 | Wells Fargo & Co. | 3.550% | 9/29/25 | 51,671 | 50,337 | |
Wells Fargo & Co. | 3.000% | 4/22/26 | 46,828 | 44,682 | ||
1 | Wells Fargo & Co. | 3.908% | 4/25/26 | 54,670 | 53,615 | |
1 | Wells Fargo & Co. | 2.188% | 4/30/26 | 41,623 | 39,938 | |
1 | Wells Fargo & Co. | 4.100% | 6/3/26 | 24,982 | 24,322 | |
1 | Wells Fargo & Co. | 4.540% | 8/15/26 | 35,560 | 35,071 | |
Wells Fargo & Co. | 3.000% | 10/23/26 | 59,636 | 56,348 | ||
1 | Wells Fargo & Co. | 3.196% | 6/17/27 | 29,974 | 28,530 | |
1 | Wells Fargo & Co. | 4.300% | 7/22/27 | 51,779 | 50,264 | |
1 | Wells Fargo & Co. | 3.526% | 3/24/28 | 75,561 | 71,643 | |
1 | Wells Fargo & Co. | 3.584% | 5/22/28 | 51,868 | 49,128 | |
1 | Wells Fargo & Co. | 2.393% | 6/2/28 | 46,024 | 41,981 | |
1 | Wells Fargo & Co. | 4.808% | 7/25/28 | 49,957 | 49,073 | |
1 | Wells Fargo & Co. | 4.150% | 1/24/29 | 40,338 | 38,608 | |
1 | Wells Fargo & Co. | 5.574% | 7/25/29 | 79,122 | 79,673 | |
Wells Fargo & Co. | 6.303% | 10/23/29 | 30,970 | 32,097 | ||
Wells Fargo & Co. | 5.198% | 1/23/30 | 45,292 | 44,902 | ||
1 | Wells Fargo Bank NA | 5.550% | 8/1/25 | 24,392 | 24,492 | |
Wells Fargo Bank NA | 4.811% | 1/15/26 | 16,705 | 16,617 | ||
1 | Wells Fargo Bank NA | 5.450% | 8/7/26 | 35,957 | 36,274 | |
Wells Fargo Bank NA | 5.254% | 12/11/26 | 26,730 | 26,825 | ||
Western Union Co. | 1.350% | 3/15/26 | 5,388 | 4,959 | ||
Westpac Banking Corp. | 5.512% | 11/17/25 | 17,481 | 17,612 | ||
Westpac Banking Corp. | 2.850% | 5/13/26 | 34,671 | 33,130 | ||
Westpac Banking Corp. | 1.150% | 6/3/26 | 21,646 | 19,891 | ||
Westpac Banking Corp. | 2.700% | 8/19/26 | 20,395 | 19,340 | ||
Westpac Banking Corp. | 3.350% | 3/8/27 | 16,988 | 16,247 | ||
Westpac Banking Corp. | 5.457% | 11/18/27 | 33,910 | 34,477 | ||
Westpac Banking Corp. | 5.535% | 11/17/28 | 25,293 | 25,894 | ||
Westpac Banking Corp. | 1.953% | 11/20/28 | 16,085 | 14,109 | ||
1 | Westpac Banking Corp. | 2.894% | 2/4/30 | 6,466 | 6,269 | |
1 | Westpac Banking Corp. | 4.322% | 11/23/31 | 25,608 | 24,589 | |
Willis North America Inc. | 4.650% | 6/15/27 | 17,708 | 17,379 | ||
Willis North America Inc. | 4.500% | 9/15/28 | 8,940 | 8,627 | ||
16,985,727 | ||||||
Health Care (8.1%) | ||||||
Abbott Laboratories | 2.950% | 3/15/25 | 10,888 | 10,653 | ||
Abbott Laboratories | 3.875% | 9/15/25 | 836 | 823 | ||
4 | Abbott Laboratories | 3.750% | 11/30/26 | 40,617 | 39,574 | |
Abbott Laboratories | 1.150% | 1/30/28 | 5,415 | 4,748 | ||
AbbVie Inc. | 3.800% | 3/15/25 | 54,629 | 53,522 | ||
AbbVie Inc. | 3.600% | 5/14/25 | 70,920 | 69,497 | ||
AbbVie Inc. | 3.200% | 5/14/26 | 30,259 | 29,122 | ||
AbbVie Inc. | 2.950% | 11/21/26 | 65,268 | 61,893 | ||
AbbVie Inc. | 4.800% | 3/15/27 | 45,000 | 44,873 | ||
AbbVie Inc. | 4.250% | 11/14/28 | 26,099 | 25,495 | ||
AbbVie Inc. | 4.800% | 3/15/29 | 30,000 | 29,864 | ||
Advocate Health & Hospitals Corp. | 3.829% | 8/15/28 | 6,579 | 6,316 | ||
Agilent Technologies Inc. | 3.050% | 9/22/26 | 6,075 | 5,777 | ||
Amgen Inc. | 5.250% | 3/2/25 | 43,716 | 43,633 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Amgen Inc. | 3.125% | 5/1/25 | 6,494 | 6,332 | ||
Amgen Inc. | 5.507% | 3/2/26 | 15,175 | 15,160 | ||
Amgen Inc. | 2.600% | 8/19/26 | 19,040 | 17,971 | ||
Amgen Inc. | 2.200% | 2/21/27 | 25,138 | 23,162 | ||
Amgen Inc. | 3.200% | 11/2/27 | 10,105 | 9,497 | ||
Amgen Inc. | 5.150% | 3/2/28 | 87,318 | 87,491 | ||
Amgen Inc. | 1.650% | 8/15/28 | 16,699 | 14,527 | ||
AstraZeneca Finance LLC | 1.200% | 5/28/26 | 23,428 | 21,548 | ||
AstraZeneca Finance LLC | 4.800% | 2/26/27 | 22,500 | 22,442 | ||
AstraZeneca Finance LLC | 4.875% | 3/3/28 | 21,743 | 21,723 | ||
AstraZeneca Finance LLC | 1.750% | 5/28/28 | 21,432 | 18,945 | ||
AstraZeneca Finance LLC | 4.850% | 2/26/29 | 11,389 | 11,385 | ||
AstraZeneca plc | 3.375% | 11/16/25 | 39,707 | 38,619 | ||
AstraZeneca plc | 0.700% | 4/8/26 | 13,582 | 12,433 | ||
AstraZeneca plc | 3.125% | 6/12/27 | 12,039 | 11,437 | ||
AstraZeneca plc | 4.000% | 1/17/29 | 10,181 | 9,829 | ||
Baxalta Inc. | 4.000% | 6/23/25 | 16,434 | 16,137 | ||
Baxter International Inc. | 2.600% | 8/15/26 | 15,440 | 14,477 | ||
Baxter International Inc. | 1.915% | 2/1/27 | 37,134 | 33,761 | ||
Baxter International Inc. | 2.272% | 12/1/28 | 7,916 | 6,940 | ||
Becton Dickinson & Co. | 3.700% | 6/6/27 | 29,931 | 28,700 | ||
Becton Dickinson & Co. | 4.693% | 2/13/28 | 15,830 | 15,598 | ||
Biogen Inc. | 4.050% | 9/15/25 | 12,681 | 12,431 | ||
Bio-Rad Laboratories Inc. | 3.300% | 3/15/27 | 5,611 | 5,292 | ||
Boston Scientific Corp. | 1.900% | 6/1/25 | 17,672 | 16,945 | ||
Bristol-Myers Squibb Co. | 0.750% | 11/13/25 | 9,467 | 8,808 | ||
Bristol-Myers Squibb Co. | 4.950% | 2/20/26 | 13,000 | 12,981 | ||
Bristol-Myers Squibb Co. | 3.200% | 6/15/26 | 37,368 | 35,947 | ||
Bristol-Myers Squibb Co. | 4.900% | 2/22/27 | 5,000 | 4,994 | ||
Bristol-Myers Squibb Co. | 3.250% | 2/27/27 | 6,313 | 6,059 | ||
Bristol-Myers Squibb Co. | 1.125% | 11/13/27 | 9,831 | 8,616 | ||
Bristol-Myers Squibb Co. | 3.450% | 11/15/27 | 14,910 | 14,218 | ||
Bristol-Myers Squibb Co. | 3.900% | 2/20/28 | 28,367 | 27,395 | ||
Bristol-Myers Squibb Co. | 4.900% | 2/22/29 | 20,245 | 20,193 | ||
Cardinal Health Inc. | 3.750% | 9/15/25 | 5,904 | 5,758 | ||
Cardinal Health Inc. | 3.410% | 6/15/27 | 25,198 | 23,879 | ||
Cencora Inc. | 3.250% | 3/1/25 | 12,117 | 11,851 | ||
Cencora Inc. | 3.450% | 12/15/27 | 8,765 | 8,293 | ||
Centene Corp. | 4.250% | 12/15/27 | 51,977 | 49,545 | ||
Centene Corp. | 2.450% | 7/15/28 | 37,468 | 33,058 | ||
1 | CHRISTUS Health | 4.341% | 7/1/28 | 2,073 | 2,017 | |
1 | Cigna Group | 3.250% | 4/15/25 | 13,495 | 13,172 | |
1 | Cigna Group | 4.500% | 2/25/26 | 8,682 | 8,566 | |
Cigna Group | 1.250% | 3/15/26 | 3,715 | 3,432 | ||
1 | Cigna Group | 3.400% | 3/1/27 | 35,743 | 34,037 | |
Cigna Group | 4.375% | 10/15/28 | 60,363 | 58,622 | ||
CommonSpirit Health | 1.547% | 10/1/25 | 6,380 | 5,993 | ||
CommonSpirit Health | 6.073% | 11/1/27 | 6,050 | 6,200 | ||
CVS Health Corp. | 4.100% | 3/25/25 | 15,375 | 15,185 | ||
CVS Health Corp. | 3.875% | 7/20/25 | 49,857 | 48,845 | ||
CVS Health Corp. | 5.000% | 2/20/26 | 32,988 | 32,841 | ||
CVS Health Corp. | 2.875% | 6/1/26 | 30,559 | 29,044 | ||
CVS Health Corp. | 3.000% | 8/15/26 | 8,767 | 8,325 | ||
CVS Health Corp. | 3.625% | 4/1/27 | 7,997 | 7,667 | ||
CVS Health Corp. | 1.300% | 8/21/27 | 26,745 | 23,506 | ||
CVS Health Corp. | 4.300% | 3/25/28 | 98,258 | 95,396 | ||
CVS Health Corp. | 5.000% | 1/30/29 | 7,065 | 7,036 | ||
CVS Health Corp. | 3.250% | 8/15/29 | 4,425 | 4,026 | ||
Danaher Corp. | 3.350% | 9/15/25 | 2,357 | 2,299 | ||
Edwards Lifesciences Corp. | 4.300% | 6/15/28 | 9,995 | 9,700 | ||
Elevance Health Inc. | 5.350% | 10/15/25 | 9,236 | 9,225 | ||
Elevance Health Inc. | 4.900% | 2/8/26 | 6,752 | 6,704 | ||
Elevance Health Inc. | 1.500% | 3/15/26 | 21,439 | 19,916 | ||
Elevance Health Inc. | 3.650% | 12/1/27 | 22,348 | 21,371 | ||
Elevance Health Inc. | 4.101% | 3/1/28 | 18,249 | 17,651 | ||
Eli Lilly & Co. | 2.750% | 6/1/25 | 11,160 | 10,849 | ||
Eli Lilly & Co. | 4.500% | 2/9/27 | 13,999 | 13,940 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Eli Lilly & Co. | 5.500% | 3/15/27 | 7,000 | 7,163 | ||
Eli Lilly & Co. | 4.500% | 2/9/29 | 18,310 | 18,211 | ||
GE HealthCare Technologies Inc. | 5.600% | 11/15/25 | 22,557 | 22,628 | ||
GE HealthCare Technologies Inc. | 5.650% | 11/15/27 | 30,485 | 30,952 | ||
Gilead Sciences Inc. | 3.650% | 3/1/26 | 45,316 | 44,012 | ||
Gilead Sciences Inc. | 2.950% | 3/1/27 | 28,031 | 26,475 | ||
Gilead Sciences Inc. | 1.200% | 10/1/27 | 9,580 | 8,427 | ||
GlaxoSmithKline Capital Inc. | 3.625% | 5/15/25 | 17,095 | 16,797 | ||
GlaxoSmithKline Capital Inc. | 3.875% | 5/15/28 | 30,622 | 29,608 | ||
HCA Inc. | 5.250% | 4/15/25 | 34,124 | 33,972 | ||
HCA Inc. | 5.875% | 2/15/26 | 19,866 | 19,954 | ||
HCA Inc. | 5.250% | 6/15/26 | 14,168 | 14,081 | ||
HCA Inc. | 5.375% | 9/1/26 | 16,966 | 16,917 | ||
HCA Inc. | 4.500% | 2/15/27 | 24,139 | 23,638 | ||
HCA Inc. | 3.125% | 3/15/27 | 45,269 | 42,543 | ||
HCA Inc. | 5.200% | 6/1/28 | 7,507 | 7,476 | ||
HCA Inc. | 5.625% | 9/1/28 | 20,146 | 20,295 | ||
HCA Inc. | 5.875% | 2/1/29 | 10,385 | 10,570 | ||
Humana Inc. | 4.500% | 4/1/25 | 17,835 | 17,650 | ||
Humana Inc. | 1.350% | 2/3/27 | 14,831 | 13,306 | ||
Humana Inc. | 3.950% | 3/15/27 | 7,401 | 7,138 | ||
Humana Inc. | 5.750% | 3/1/28 | 7,964 | 8,114 | ||
Illumina Inc. | 5.800% | 12/12/25 | 8,018 | 8,016 | ||
Illumina Inc. | 5.750% | 12/13/27 | 7,810 | 7,866 | ||
IQVIA Inc. | 5.700% | 5/15/28 | 12,350 | 12,446 | ||
Johnson & Johnson | 0.550% | 9/1/25 | 13,114 | 12,300 | ||
Johnson & Johnson | 2.450% | 3/1/26 | 47,637 | 45,583 | ||
Johnson & Johnson | 2.950% | 3/3/27 | 21,527 | 20,576 | ||
Johnson & Johnson | 2.900% | 1/15/28 | 22,747 | 21,513 | ||
Kaiser Foundation Hospitals | 3.150% | 5/1/27 | 3,220 | 3,060 | ||
Laboratory Corp. of America Holdings | 1.550% | 6/1/26 | 7,545 | 6,952 | ||
McKesson Corp. | 0.900% | 12/3/25 | 15,939 | 14,800 | ||
McKesson Corp. | 5.250% | 2/15/26 | 7,963 | 7,961 | ||
McKesson Corp. | 1.300% | 8/15/26 | 6,265 | 5,717 | ||
McKesson Corp. | 3.950% | 2/16/28 | 5,930 | 5,754 | ||
McKesson Corp. | 4.900% | 7/15/28 | 5,039 | 5,040 | ||
Medtronic Global Holdings SCA | 4.250% | 3/30/28 | 25,325 | 24,777 | ||
Merck & Co. Inc. | 0.750% | 2/24/26 | 21,401 | 19,789 | ||
Merck & Co. Inc. | 1.700% | 6/10/27 | 29,455 | 26,677 | ||
Merck & Co. Inc. | 4.050% | 5/17/28 | 8,351 | 8,180 | ||
Mylan Inc. | 4.550% | 4/15/28 | 22,032 | 21,247 | ||
Novartis Capital Corp. | 3.000% | 11/20/25 | 28,963 | 28,059 | ||
Novartis Capital Corp. | 2.000% | 2/14/27 | 8,131 | 7,536 | ||
Novartis Capital Corp. | 3.100% | 5/17/27 | 21,545 | 20,500 | ||
1 | PeaceHealth Obligated Group | 1.375% | 11/15/25 | 2,190 | 2,035 | |
Pfizer Inc. | 0.800% | 5/28/25 | 14,268 | 13,544 | ||
Pfizer Inc. | 2.750% | 6/3/26 | 12,589 | 12,042 | ||
Pfizer Inc. | 3.000% | 12/15/26 | 29,949 | 28,557 | ||
Pfizer Inc. | 3.600% | 9/15/28 | 17,334 | 16,558 | ||
Pfizer Investment Enterprises Pte. Ltd. | 4.650% | 5/19/25 | 49,933 | 49,624 | ||
Pfizer Investment Enterprises Pte. Ltd. | 4.450% | 5/19/26 | 50,128 | 49,480 | ||
Pfizer Investment Enterprises Pte. Ltd. | 4.450% | 5/19/28 | 65,758 | 64,493 | ||
Pharmacia LLC | 6.600% | 12/1/28 | 10,675 | 11,431 | ||
1 | Providence St. Joseph Health Obligated Group | 2.746% | 10/1/26 | 2,633 | 2,468 | |
Quest Diagnostics Inc. | 3.500% | 3/30/25 | 18,048 | 17,719 | ||
Quest Diagnostics Inc. | 3.450% | 6/1/26 | 14,690 | 14,133 | ||
Revvity Inc. | 1.900% | 9/15/28 | 7,945 | 6,864 | ||
Royalty Pharma plc | 1.200% | 9/2/25 | 22,340 | 20,918 | ||
Royalty Pharma plc | 1.750% | 9/2/27 | 19,153 | 17,027 | ||
Sanofi SA | 3.625% | 6/19/28 | 16,674 | 16,087 | ||
Shire Acquisitions Investments Ireland DAC | 3.200% | 9/23/26 | 49,818 | 47,467 | ||
2 | Solventum Corp. | 5.450% | 2/25/27 | 18,175 | 18,209 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | SSM Health Care Corp. | 3.823% | 6/1/27 | 6,837 | 6,559 | |
SSM Health Care Corp. | 4.894% | 6/1/28 | 1,650 | 1,642 | ||
Stryker Corp. | 1.150% | 6/15/25 | 11,192 | 10,617 | ||
Stryker Corp. | 3.375% | 11/1/25 | 24,278 | 23,562 | ||
Stryker Corp. | 3.500% | 3/15/26 | 5,392 | 5,228 | ||
Stryker Corp. | 3.650% | 3/7/28 | 11,425 | 10,898 | ||
Stryker Corp. | 4.850% | 12/8/28 | 9,040 | 9,009 | ||
1 | Sutter Health | 1.321% | 8/15/25 | 1,639 | 1,542 | |
1 | Sutter Health | 3.695% | 8/15/28 | 5,575 | 5,304 | |
Takeda Pharmaceutical Co. Ltd. | 5.000% | 11/26/28 | 29,488 | 29,411 | ||
Thermo Fisher Scientific Inc. | 5.000% | 12/5/26 | 19,525 | 19,580 | ||
Thermo Fisher Scientific Inc. | 4.800% | 11/21/27 | 19,245 | 19,254 | ||
Thermo Fisher Scientific Inc. | 1.750% | 10/15/28 | 12,873 | 11,297 | ||
Thermo Fisher Scientific Inc. | 5.000% | 1/31/29 | 16,010 | 16,100 | ||
UnitedHealth Group Inc. | 3.750% | 7/15/25 | 32,195 | 31,597 | ||
UnitedHealth Group Inc. | 5.150% | 10/15/25 | 13,473 | 13,503 | ||
UnitedHealth Group Inc. | 3.700% | 12/15/25 | 6,769 | 6,621 | ||
UnitedHealth Group Inc. | 1.250% | 1/15/26 | 8,569 | 8,006 | ||
UnitedHealth Group Inc. | 3.100% | 3/15/26 | 19,721 | 19,048 | ||
UnitedHealth Group Inc. | 1.150% | 5/15/26 | 16,493 | 15,200 | ||
UnitedHealth Group Inc. | 3.450% | 1/15/27 | 25,416 | 24,529 | ||
UnitedHealth Group Inc. | 3.375% | 4/15/27 | 10,135 | 9,711 | ||
UnitedHealth Group Inc. | 3.700% | 5/15/27 | 6,190 | 5,991 | ||
UnitedHealth Group Inc. | 2.950% | 10/15/27 | 6,172 | 5,795 | ||
UnitedHealth Group Inc. | 5.250% | 2/15/28 | 20,856 | 21,193 | ||
UnitedHealth Group Inc. | 3.850% | 6/15/28 | 19,761 | 19,024 | ||
UnitedHealth Group Inc. | 3.875% | 12/15/28 | 14,785 | 14,187 | ||
UnitedHealth Group Inc. | 4.250% | 1/15/29 | 14,106 | 13,754 | ||
Universal Health Services Inc. | 1.650% | 9/1/26 | 11,755 | 10,685 | ||
1 | UPMC | 3.600% | 4/3/25 | 3,205 | 3,147 | |
Utah Acquisition Sub Inc. | 3.950% | 6/15/26 | 28,905 | 27,891 | ||
Viatris Inc. | 1.650% | 6/22/25 | 9,748 | 9,249 | ||
Viatris Inc. | 2.300% | 6/22/27 | 11,065 | 10,006 | ||
Zimmer Biomet Holdings Inc. | 3.550% | 4/1/25 | 12,320 | 12,051 | ||
Zimmer Biomet Holdings Inc. | 3.050% | 1/15/26 | 11,040 | 10,605 | ||
Zimmer Biomet Holdings Inc. | 5.350% | 12/1/28 | 7,315 | 7,391 | ||
Zoetis Inc. | 4.500% | 11/13/25 | 16,784 | 16,573 | ||
Zoetis Inc. | 5.400% | 11/14/25 | 16,847 | 16,874 | ||
Zoetis Inc. | 3.900% | 8/20/28 | 8,460 | 8,133 | ||
3,399,431 | ||||||
Industrials (6.4%) | ||||||
1 | 3M Co. | 3.000% | 8/7/25 | 5,180 | 5,019 | |
1 | 3M Co. | 2.250% | 9/19/26 | 7,900 | 7,359 | |
3M Co. | 2.875% | 10/15/27 | 14,261 | 13,205 | ||
1 | 3M Co. | 3.625% | 9/14/28 | 5,700 | 5,378 | |
Allegion US Holding Co. Inc. | 3.550% | 10/1/27 | 6,221 | 5,885 | ||
1 | American Airlines Pass-Through Trust Class A Series 2015-1 | 3.375% | 5/1/27 | 1,150 | 1,077 | |
1 | American Airlines Pass-Through Trust Class AA Series 2016-2 | 3.200% | 6/15/28 | 6,391 | 5,847 | |
1 | American Airlines Pass-Through Trust Class AA Series 2016-3 | 3.000% | 10/15/28 | 6,319 | 5,722 | |
1 | American Airlines Pass-Through Trust Class AA Series 2017-1 | 3.650% | 2/15/29 | 8,186 | 7,571 | |
Amphenol Corp. | 2.050% | 3/1/25 | 2,503 | 2,419 | ||
1 | BNSF Funding Trust I | 6.613% | 12/15/55 | 6,786 | 6,709 | |
Boeing Co. | 4.875% | 5/1/25 | 68,825 | 68,224 | ||
Boeing Co. | 2.600% | 10/30/25 | 1,757 | 1,675 | ||
Boeing Co. | 2.750% | 2/1/26 | 35,593 | 33,794 | ||
Boeing Co. | 2.196% | 2/4/26 | 111,390 | 104,594 | ||
Boeing Co. | 3.100% | 5/1/26 | 15,582 | 14,832 | ||
Boeing Co. | 2.250% | 6/15/26 | 5,246 | 4,884 | ||
Boeing Co. | 2.700% | 2/1/27 | 18,934 | 17,621 | ||
Boeing Co. | 2.800% | 3/1/27 | 18,457 | 17,130 | ||
Boeing Co. | 5.040% | 5/1/27 | 28,137 | 27,877 | ||
Boeing Co. | 3.250% | 2/1/28 | 13,501 | 12,515 | ||
Boeing Co. | 3.450% | 11/1/28 | 125 | 115 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Boeing Co. | 3.200% | 3/1/29 | 5,000 | 4,519 | ||
Burlington Northern Santa Fe LLC | 3.000% | 4/1/25 | 8,157 | 7,971 | ||
Burlington Northern Santa Fe LLC | 3.650% | 9/1/25 | 12,363 | 12,095 | ||
Burlington Northern Santa Fe LLC | 7.000% | 12/15/25 | 3,740 | 3,867 | ||
Burlington Northern Santa Fe LLC | 3.250% | 6/15/27 | 7,969 | 7,600 | ||
Canadian National Railway Co. | 2.750% | 3/1/26 | 4,701 | 4,509 | ||
Canadian Pacific Railway Co. | 1.750% | 12/2/26 | 30,210 | 27,697 | ||
Carrier Global Corp. | 5.800% | 11/30/25 | 8,958 | 9,022 | ||
Carrier Global Corp. | 2.493% | 2/15/27 | 22,631 | 21,031 | ||
1 | Caterpillar Financial Services Corp. | 2.850% | 5/17/24 | 14,878 | 14,793 | |
1 | Caterpillar Financial Services Corp. | 1.450% | 5/15/25 | 19,776 | 18,913 | |
Caterpillar Financial Services Corp. | 5.150% | 8/11/25 | 6,554 | 6,553 | ||
1 | Caterpillar Financial Services Corp. | 3.650% | 8/12/25 | 14,152 | 13,867 | |
1 | Caterpillar Financial Services Corp. | 0.800% | 11/13/25 | 13,188 | 12,293 | |
Caterpillar Financial Services Corp. | 5.050% | 2/27/26 | 15,000 | 15,006 | ||
Caterpillar Financial Services Corp. | 0.900% | 3/2/26 | 7,051 | 6,509 | ||
1 | Caterpillar Financial Services Corp. | 4.350% | 5/15/26 | 16,475 | 16,273 | |
Caterpillar Financial Services Corp. | 2.400% | 8/9/26 | 4,700 | 4,431 | ||
1 | Caterpillar Financial Services Corp. | 1.150% | 9/14/26 | 16,352 | 14,906 | |
1 | Caterpillar Financial Services Corp. | 1.700% | 1/8/27 | 7,576 | 6,966 | |
1 | Caterpillar Financial Services Corp. | 3.600% | 8/12/27 | 20,513 | 19,747 | |
Caterpillar Financial Services Corp. | 4.850% | 2/27/29 | 9,900 | 9,908 | ||
Caterpillar Inc. | 3.400% | 5/15/24 | 20,224 | 20,133 | ||
CH Robinson Worldwide Inc. | 4.200% | 4/15/28 | 10,725 | 10,340 | ||
CNH Industrial Capital LLC | 5.450% | 10/14/25 | 2,589 | 2,589 | ||
CNH Industrial Capital LLC | 1.875% | 1/15/26 | 16,755 | 15,703 | ||
CNH Industrial Capital LLC | 1.450% | 7/15/26 | 8,136 | 7,439 | ||
CNH Industrial Capital LLC | 4.550% | 4/10/28 | 17,350 | 16,975 | ||
CNH Industrial Capital LLC | 5.500% | 1/12/29 | 6,100 | 6,181 | ||
CSX Corp. | 3.350% | 11/1/25 | 9,474 | 9,197 | ||
CSX Corp. | 2.600% | 11/1/26 | 18,161 | 17,127 | ||
CSX Corp. | 3.250% | 6/1/27 | 23,302 | 22,113 | ||
CSX Corp. | 3.800% | 3/1/28 | 3,005 | 2,890 | ||
Cummins Inc. | 0.750% | 9/1/25 | 3,998 | 3,750 | ||
Cummins Inc. | 4.900% | 2/20/29 | 11,500 | 11,443 | ||
Deere & Co. | 2.750% | 4/15/25 | 21,344 | 20,786 | ||
2 | Delta Air Lines Inc. | 4.750% | 10/20/28 | 14,105 | 13,781 | |
Dover Corp. | 3.150% | 11/15/25 | 6,162 | 5,942 | ||
Eaton Corp. | 3.103% | 9/15/27 | 11,006 | 10,402 | ||
Emerson Electric Co. | 3.150% | 6/1/25 | 7,926 | 7,740 | ||
Emerson Electric Co. | 0.875% | 10/15/26 | 16,563 | 14,970 | ||
Emerson Electric Co. | 1.800% | 10/15/27 | 4,837 | 4,355 | ||
Emerson Electric Co. | 2.000% | 12/21/28 | 22,655 | 19,983 | ||
FedEx Corp. | 3.250% | 4/1/26 | 8,630 | 8,314 | ||
FedEx Corp. | 4.200% | 10/17/28 | 13,860 | 13,350 | ||
Fortive Corp. | 3.150% | 6/15/26 | 17,378 | 16,587 | ||
General Dynamics Corp. | 3.250% | 4/1/25 | 6,993 | 6,847 | ||
General Dynamics Corp. | 3.500% | 5/15/25 | 11,419 | 11,200 | ||
General Dynamics Corp. | 2.125% | 8/15/26 | 9,995 | 9,352 | ||
General Dynamics Corp. | 3.500% | 4/1/27 | 11,957 | 11,505 | ||
General Dynamics Corp. | 2.625% | 11/15/27 | 7,285 | 6,738 | ||
General Dynamics Corp. | 3.750% | 5/15/28 | 19,039 | 18,321 | ||
HEICO Corp. | 5.250% | 8/1/28 | 7,397 | 7,444 | ||
Hexcel Corp. | 4.200% | 2/15/27 | 4,753 | 4,525 | ||
Honeywell International Inc. | 1.350% | 6/1/25 | 17,512 | 16,731 | ||
Honeywell International Inc. | 2.500% | 11/1/26 | 29,269 | 27,583 | ||
Honeywell International Inc. | 1.100% | 3/1/27 | 12,818 | 11,517 | ||
Honeywell International Inc. | 4.950% | 2/15/28 | 10,025 | 10,131 | ||
Honeywell International Inc. | 4.250% | 1/15/29 | 7,475 | 7,312 | ||
Honeywell International Inc. | 2.700% | 8/15/29 | 9,975 | 8,974 | ||
Howmet Aerospace Inc. | 6.875% | 5/1/25 | 7,000 | 7,071 | ||
Howmet Aerospace Inc. | 3.000% | 1/15/29 | 8,383 | 7,514 | ||
Huntington Ingalls Industries Inc. | 3.483% | 12/1/27 | 8,219 | 7,700 | ||
Huntington Ingalls Industries Inc. | 2.043% | 8/16/28 | 10,704 | 9,306 | ||
Illinois Tool Works Inc. | 2.650% | 11/15/26 | 17,897 | 17,015 | ||
Ingersoll Rand Inc. | 5.400% | 8/14/28 | 8,340 | 8,403 | ||
Jacobs Engineering Group Inc. | 6.350% | 8/18/28 | 10,530 | 10,845 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
JB Hunt Transport Services Inc. | 3.875% | 3/1/26 | 21,015 | 20,513 | ||
1 | John Deere Capital Corp. | 3.450% | 3/13/25 | 10,810 | 10,617 | |
1 | John Deere Capital Corp. | 3.400% | 6/6/25 | 12,924 | 12,663 | |
1 | John Deere Capital Corp. | 4.950% | 6/6/25 | 6,752 | 6,742 | |
1 | John Deere Capital Corp. | 4.050% | 9/8/25 | 20,439 | 20,152 | |
John Deere Capital Corp. | 5.300% | 9/8/25 | 4,240 | 4,259 | ||
1 | John Deere Capital Corp. | 3.400% | 9/11/25 | 5,311 | 5,186 | |
1 | John Deere Capital Corp. | 0.700% | 1/15/26 | 20,501 | 18,978 | |
1 | John Deere Capital Corp. | 5.050% | 3/3/26 | 7,322 | 7,340 | |
1 | John Deere Capital Corp. | 4.750% | 6/8/26 | 32,836 | 32,738 | |
1 | John Deere Capital Corp. | 2.650% | 6/10/26 | 6,404 | 6,104 | |
1 | John Deere Capital Corp. | 1.050% | 6/17/26 | 6,342 | 5,814 | |
1 | John Deere Capital Corp. | 5.150% | 9/8/26 | 4,785 | 4,815 | |
1 | John Deere Capital Corp. | 2.250% | 9/14/26 | 13,462 | 12,602 | |
1 | John Deere Capital Corp. | 1.300% | 10/13/26 | 4,021 | 3,674 | |
1 | John Deere Capital Corp. | 1.700% | 1/11/27 | 6,249 | 5,725 | |
1 | John Deere Capital Corp. | 2.350% | 3/8/27 | 19,891 | 18,534 | |
1 | John Deere Capital Corp. | 1.750% | 3/9/27 | 13,931 | 12,737 | |
1 | John Deere Capital Corp. | 4.150% | 9/15/27 | 46,584 | 45,653 | |
1 | John Deere Capital Corp. | 4.750% | 1/20/28 | 27,296 | 27,270 | |
1 | John Deere Capital Corp. | 4.900% | 3/3/28 | 18,692 | 18,783 | |
1 | John Deere Capital Corp. | 4.950% | 7/14/28 | 26,071 | 26,220 | |
1 | Johnson Controls International plc | 3.900% | 2/14/26 | 10,813 | 10,537 | |
Keysight Technologies Inc. | 4.600% | 4/6/27 | 18,710 | 18,411 | ||
Kirby Corp. | 4.200% | 3/1/28 | 6,023 | 5,755 | ||
L3Harris Technologies Inc. | 3.950% | 5/28/24 | 7,985 | 7,948 | ||
L3Harris Technologies Inc. | 3.832% | 4/27/25 | 11,953 | 11,730 | ||
L3Harris Technologies Inc. | 3.850% | 12/15/26 | 8,760 | 8,461 | ||
L3Harris Technologies Inc. | 5.400% | 1/15/27 | 19,484 | 19,611 | ||
L3Harris Technologies Inc. | 4.400% | 6/15/28 | 15,684 | 15,228 | ||
1 | L3Harris Technologies Inc. | 4.400% | 6/15/28 | 20,598 | 20,008 | |
Lennox International Inc. | 1.350% | 8/1/25 | 2,942 | 2,774 | ||
Lennox International Inc. | 1.700% | 8/1/27 | 6,975 | 6,252 | ||
Lennox International Inc. | 5.500% | 9/15/28 | 7,735 | 7,807 | ||
LKQ Corp. | 5.750% | 6/15/28 | 13,790 | 13,929 | ||
Lockheed Martin Corp. | 4.950% | 10/15/25 | 7,978 | 7,967 | ||
Lockheed Martin Corp. | 3.550% | 1/15/26 | 16,987 | 16,550 | ||
Lockheed Martin Corp. | 5.100% | 11/15/27 | 17,623 | 17,811 | ||
Lockheed Martin Corp. | 4.450% | 5/15/28 | 16,710 | 16,463 | ||
Lockheed Martin Corp. | 4.500% | 2/15/29 | 13,350 | 13,116 | ||
2 | Mileage Plus Holdings LLC | 6.500% | 6/20/27 | 11,989 | 12,012 | |
Nordson Corp. | 5.600% | 9/15/28 | 5,810 | 5,903 | ||
Norfolk Southern Corp. | 3.650% | 8/1/25 | 2,436 | 2,383 | ||
Norfolk Southern Corp. | 2.900% | 6/15/26 | 11,754 | 11,199 | ||
Norfolk Southern Corp. | 7.800% | 5/15/27 | 11,621 | 12,594 | ||
Norfolk Southern Corp. | 3.150% | 6/1/27 | 6,770 | 6,415 | ||
Norfolk Southern Corp. | 3.800% | 8/1/28 | 6,617 | 6,330 | ||
Northrop Grumman Corp. | 3.200% | 2/1/27 | 11,283 | 10,751 | ||
Northrop Grumman Corp. | 3.250% | 1/15/28 | 44,558 | 41,782 | ||
nVent Finance Sarl | 4.550% | 4/15/28 | 6,585 | 6,349 | ||
Oshkosh Corp. | 4.600% | 5/15/28 | 5,155 | 5,013 | ||
Otis Worldwide Corp. | 2.056% | 4/5/25 | 28,983 | 27,917 | ||
Otis Worldwide Corp. | 2.293% | 4/5/27 | 7,809 | 7,216 | ||
Otis Worldwide Corp. | 5.250% | 8/16/28 | 14,450 | 14,574 | ||
1 | PACCAR Financial Corp. | 5.050% | 8/10/26 | 8,910 | 8,944 | |
PACCAR Financial Corp. | 4.600% | 1/10/28 | 9,585 | 9,535 | ||
1 | PACCAR Financial Corp. | 4.950% | 8/10/28 | 6,034 | 6,075 | |
1 | PACCAR Financial Corp. | 4.600% | 1/31/29 | 8,767 | 8,682 | |
Parker-Hannifin Corp. | 3.250% | 3/1/27 | 5,049 | 4,803 | ||
Parker-Hannifin Corp. | 4.250% | 9/15/27 | 39,403 | 38,521 | ||
Parker-Hannifin Corp. | 4.500% | 9/15/29 | 6,803 | 6,653 | ||
Precision Castparts Corp. | 3.250% | 6/15/25 | 24,503 | 23,946 | ||
2 | Regal Rexnord Corp. | 6.050% | 2/15/26 | 18,758 | 18,845 | |
2 | Regal Rexnord Corp. | 6.050% | 4/15/28 | 20,168 | 20,285 | |
Republic Services Inc. | 3.200% | 3/15/25 | 7,879 | 7,693 | ||
Republic Services Inc. | 0.875% | 11/15/25 | 6,700 | 6,214 | ||
Republic Services Inc. | 2.900% | 7/1/26 | 6,040 | 5,768 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Republic Services Inc. | 3.375% | 11/15/27 | 11,664 | 11,059 | ||
Republic Services Inc. | 3.950% | 5/15/28 | 9,342 | 8,987 | ||
Rockwell Automation Inc. | 2.875% | 3/1/25 | 5,777 | 5,645 | ||
RTX Corp. | 3.950% | 8/16/25 | 30,862 | 30,273 | ||
RTX Corp. | 5.000% | 2/27/26 | 9,363 | 9,339 | ||
RTX Corp. | 2.650% | 11/1/26 | 2,655 | 2,498 | ||
RTX Corp. | 5.750% | 11/8/26 | 1,625 | 1,649 | ||
RTX Corp. | 3.500% | 3/15/27 | 22,181 | 21,199 | ||
RTX Corp. | 3.125% | 5/4/27 | 18,586 | 17,541 | ||
RTX Corp. | 4.125% | 11/16/28 | 44,768 | 42,996 | ||
RTX Corp. | 5.750% | 1/15/29 | 13,575 | 13,975 | ||
1 | Ryder System Inc. | 4.625% | 6/1/25 | 2,022 | 2,003 | |
1 | Ryder System Inc. | 3.350% | 9/1/25 | 13,124 | 12,720 | |
1 | Ryder System Inc. | 1.750% | 9/1/26 | 4,976 | 4,571 | |
1 | Ryder System Inc. | 2.900% | 12/1/26 | 6,830 | 6,417 | |
1 | Ryder System Inc. | 2.850% | 3/1/27 | 7,881 | 7,370 | |
1 | Ryder System Inc. | 5.300% | 3/15/27 | 2,250 | 2,253 | |
1 | Ryder System Inc. | 5.650% | 3/1/28 | 12,049 | 12,249 | |
1 | Ryder System Inc. | 5.250% | 6/1/28 | 15,839 | 15,863 | |
Ryder System Inc. | 6.300% | 12/1/28 | 5,854 | 6,100 | ||
1 | Ryder System Inc. | 5.375% | 3/15/29 | 1,150 | 1,149 | |
Southwest Airlines Co. | 5.250% | 5/4/25 | 27,729 | 27,650 | ||
Southwest Airlines Co. | 3.000% | 11/15/26 | 4,428 | 4,179 | ||
Southwest Airlines Co. | 5.125% | 6/15/27 | 28,268 | 28,172 | ||
Southwest Airlines Co. | 3.450% | 11/16/27 | 5,379 | 5,057 | ||
Teledyne Technologies Inc. | 1.600% | 4/1/26 | 13,915 | 12,903 | ||
Teledyne Technologies Inc. | 2.250% | 4/1/28 | 15,370 | 13,772 | ||
Textron Inc. | 3.875% | 3/1/25 | 4,922 | 4,845 | ||
Textron Inc. | 4.000% | 3/15/26 | 12,447 | 12,109 | ||
Textron Inc. | 3.650% | 3/15/27 | 5,493 | 5,256 | ||
Trane Technologies Financing Ltd. | 3.500% | 3/21/26 | 7,238 | 6,994 | ||
Trane Technologies Global Holding Co. Ltd. | 3.750% | 8/21/28 | 9,585 | 9,140 | ||
Trimble Inc. | 4.900% | 6/15/28 | 9,831 | 9,743 | ||
Tyco Electronics Group SA | 4.500% | 2/13/26 | 9,465 | 9,352 | ||
Tyco Electronics Group SA | 3.700% | 2/15/26 | 10,496 | 10,217 | ||
Tyco Electronics Group SA | 3.125% | 8/15/27 | 11,732 | 11,089 | ||
Union Pacific Corp. | 3.750% | 7/15/25 | 4,689 | 4,602 | ||
Union Pacific Corp. | 3.250% | 8/15/25 | 10,508 | 10,234 | ||
Union Pacific Corp. | 2.750% | 3/1/26 | 13,746 | 13,160 | ||
Union Pacific Corp. | 3.950% | 9/10/28 | 23,873 | 23,156 | ||
Union Pacific Corp. | 3.700% | 3/1/29 | 7,450 | 7,101 | ||
1 | United Airlines Pass-Through Trust Class A Series 2013-1 | 4.300% | 8/15/25 | 6,034 | 5,883 | |
1 | United Airlines Pass-Through Trust Class A Series 2014-1 | 4.000% | 4/11/26 | 5,874 | 5,649 | |
1 | United Airlines Pass-Through Trust Class A Series 2014-2 | 3.750% | 9/3/26 | 3,058 | 2,932 | |
1 | United Airlines Pass-Through Trust Class A Series 2020-1 | 5.875% | 10/15/27 | 29,442 | 29,619 | |
1 | United Airlines Pass-Through Trust Class B Series 2020-1 | 4.875% | 1/15/26 | 5,490 | 5,408 | |
United Parcel Service Inc. | 3.900% | 4/1/25 | 2,218 | 2,188 | ||
United Parcel Service Inc. | 2.400% | 11/15/26 | 3,744 | 3,524 | ||
United Parcel Service Inc. | 3.050% | 11/15/27 | 18,732 | 17,605 | ||
United Parcel Service Inc. | 3.400% | 3/15/29 | 4,385 | 4,138 | ||
2 | Veralto Corp. | 5.500% | 9/18/26 | 8,185 | 8,221 | |
2 | Veralto Corp. | 5.350% | 9/18/28 | 14,125 | 14,221 | |
Vontier Corp. | 1.800% | 4/1/26 | 7,416 | 6,841 | ||
Vontier Corp. | 2.400% | 4/1/28 | 2,000 | 1,751 | ||
Waste Connections Inc. | 4.250% | 12/1/28 | 8,150 | 7,892 | ||
Waste Management Inc. | 0.750% | 11/15/25 | 11,055 | 10,269 | ||
Waste Management Inc. | 3.150% | 11/15/27 | 13,076 | 12,305 | ||
Waste Management Inc. | 4.875% | 2/15/29 | 19,773 | 19,803 | ||
Waste Management Inc. | 2.000% | 6/1/29 | 5,005 | 4,332 | ||
Westinghouse Air Brake Technologies Corp. | 3.200% | 6/15/25 | 7,373 | 7,151 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Westinghouse Air Brake Technologies Corp. | 3.450% | 11/15/26 | 12,663 | 12,041 | ||
Westinghouse Air Brake Technologies Corp. | 4.700% | 9/15/28 | 20,408 | 19,908 | ||
Xylem Inc. | 3.250% | 11/1/26 | 8,319 | 7,942 | ||
Xylem Inc. | 1.950% | 1/30/28 | 8,325 | 7,438 | ||
2,701,579 | ||||||
Materials (2.0%) | ||||||
Air Products and Chemicals Inc. | 1.500% | 10/15/25 | 6,600 | 6,240 | ||
Air Products and Chemicals Inc. | 1.850% | 5/15/27 | 5,957 | 5,445 | ||
Albemarle Corp. | 4.650% | 6/1/27 | 9,591 | 9,422 | ||
Amcor Finance USA Inc. | 3.625% | 4/28/26 | 7,199 | 6,932 | ||
Amcor Finance USA Inc. | 4.500% | 5/15/28 | 2,000 | 1,945 | ||
Amcor Flexibles North America Inc. | 4.000% | 5/17/25 | 5,679 | 5,570 | ||
AngloGold Ashanti Holdings plc | 3.375% | 11/1/28 | 12,361 | 11,073 | ||
ArcelorMittal SA | 4.550% | 3/11/26 | 6,641 | 6,541 | ||
ArcelorMittal SA | 6.550% | 11/29/27 | 25,256 | 26,283 | ||
Berry Global Inc. | 1.570% | 1/15/26 | 22,511 | 20,971 | ||
Berry Global Inc. | 1.650% | 1/15/27 | 6,083 | 5,497 | ||
2 | Berry Global Inc. | 5.500% | 4/15/28 | 9,250 | 9,198 | |
BHP Billiton Finance USA Ltd. | 4.875% | 2/27/26 | 14,295 | 14,238 | ||
BHP Billiton Finance USA Ltd. | 6.420% | 3/1/26 | 3,655 | 3,744 | ||
BHP Billiton Finance USA Ltd. | 5.250% | 9/8/26 | 10,585 | 10,650 | ||
BHP Billiton Finance USA Ltd. | 4.750% | 2/28/28 | 15,975 | 15,864 | ||
BHP Billiton Finance USA Ltd. | 5.100% | 9/8/28 | 9,450 | 9,507 | ||
Carlisle Cos. Inc. | 3.750% | 12/1/27 | 10,645 | 10,116 | ||
Celanese US Holdings LLC | 6.050% | 3/15/25 | 11,349 | 11,375 | ||
Celanese US Holdings LLC | 1.400% | 8/5/26 | 4,718 | 4,272 | ||
Celanese US Holdings LLC | 6.165% | 7/15/27 | 36,584 | 37,145 | ||
Celanese US Holdings LLC | 6.350% | 11/15/28 | 15,354 | 15,805 | ||
Celulosa Arauco y Constitucion SA | 3.875% | 11/2/27 | 7,812 | 7,326 | ||
Dow Chemical Co. | 4.800% | 11/30/28 | 10,675 | 10,593 | ||
DuPont de Nemours Inc. | 4.493% | 11/15/25 | 28,884 | 28,548 | ||
DuPont de Nemours Inc. | 4.725% | 11/15/28 | 35,750 | 35,562 | ||
Eastman Chemical Co. | 3.800% | 3/15/25 | 11,610 | 11,401 | ||
Eastman Chemical Co. | 4.500% | 12/1/28 | 7,390 | 7,173 | ||
Ecolab Inc. | 2.700% | 11/1/26 | 13,452 | 12,750 | ||
Ecolab Inc. | 1.650% | 2/1/27 | 5,045 | 4,611 | ||
Ecolab Inc. | 3.250% | 12/1/27 | 11,751 | 11,127 | ||
Ecolab Inc. | 5.250% | 1/15/28 | 8,598 | 8,722 | ||
EIDP Inc. | 1.700% | 7/15/25 | 3,740 | 3,555 | ||
EIDP Inc. | 4.500% | 5/15/26 | 11,365 | 11,191 | ||
FMC Corp. | 5.150% | 5/18/26 | 7,341 | 7,245 | ||
FMC Corp. | 3.200% | 10/1/26 | 8,924 | 8,363 | ||
Freeport-McMoRan Inc. | 5.000% | 9/1/27 | 12,147 | 11,956 | ||
Freeport-McMoRan Inc. | 4.125% | 3/1/28 | 10,054 | 9,542 | ||
Freeport-McMoRan Inc. | 4.375% | 8/1/28 | 4,014 | 3,828 | ||
Freeport-McMoRan Inc. | 5.250% | 9/1/29 | 1,841 | 1,832 | ||
2 | Georgia-Pacific LLC | 2.100% | 4/30/27 | 3,760 | 3,436 | |
Kinross Gold Corp. | 4.500% | 7/15/27 | 8,346 | 8,111 | ||
Linde Inc. | 4.700% | 12/5/25 | 10,180 | 10,133 | ||
Linde Inc. | 3.200% | 1/30/26 | 16,297 | 15,796 | ||
LYB International Finance II BV | 3.500% | 3/2/27 | 8,831 | 8,408 | ||
LYB International Finance III LLC | 1.250% | 10/1/25 | 4,818 | 4,504 | ||
Martin Marietta Materials Inc. | 3.450% | 6/1/27 | 5,257 | 5,013 | ||
Martin Marietta Materials Inc. | 3.500% | 12/15/27 | 8,521 | 8,084 | ||
Mosaic Co. | 4.050% | 11/15/27 | 17,470 | 16,786 | ||
Mosaic Co. | 5.375% | 11/15/28 | 5,425 | 5,457 | ||
Nucor Corp. | 3.950% | 5/23/25 | 4,283 | 4,216 | ||
Nucor Corp. | 2.000% | 6/1/25 | 17,388 | 16,682 | ||
Nucor Corp. | 4.300% | 5/23/27 | 6,688 | 6,535 | ||
Nucor Corp. | 3.950% | 5/1/28 | 5,305 | 5,126 | ||
Nutrien Ltd. | 3.000% | 4/1/25 | 7,227 | 7,029 | ||
Nutrien Ltd. | 5.950% | 11/7/25 | 8,553 | 8,625 | ||
Nutrien Ltd. | 4.000% | 12/15/26 | 12,493 | 12,102 | ||
Nutrien Ltd. | 4.900% | 3/27/28 | 16,424 | 16,289 | ||
Packaging Corp. of America | 3.400% | 12/15/27 | 8,348 | 7,891 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PPG Industries Inc. | 1.200% | 3/15/26 | 16,727 | 15,460 | ||
PPG Industries Inc. | 3.750% | 3/15/28 | 7,630 | 7,307 | ||
Reliance Inc. | 1.300% | 8/15/25 | 4,243 | 3,983 | ||
Rio Tinto Finance USA Ltd. | 7.125% | 7/15/28 | 13,027 | 14,190 | ||
RPM International Inc. | 3.750% | 3/15/27 | 12,657 | 12,077 | ||
Sherwin-Williams Co. | 3.450% | 8/1/25 | 5,270 | 5,135 | ||
Sherwin-Williams Co. | 4.250% | 8/8/25 | 2,315 | 2,279 | ||
Sherwin-Williams Co. | 3.450% | 6/1/27 | 21,023 | 20,021 | ||
Sonoco Products Co. | 2.250% | 2/1/27 | 4,973 | 4,564 | ||
Southern Copper Corp. | 3.875% | 4/23/25 | 3,399 | 3,331 | ||
Steel Dynamics Inc. | 2.400% | 6/15/25 | 8,328 | 8,000 | ||
Steel Dynamics Inc. | 5.000% | 12/15/26 | 6,000 | 5,951 | ||
Suzano Austria GmbH | 2.500% | 9/15/28 | 10,145 | 8,862 | ||
Suzano Austria GmbH | 6.000% | 1/15/29 | 28,310 | 28,315 | ||
Suzano International Finance BV | 5.500% | 1/17/27 | 8,828 | 8,816 | ||
Vale Overseas Ltd. | 6.250% | 8/10/26 | 3,810 | 3,870 | ||
Vulcan Materials Co. | 4.500% | 4/1/25 | 6,956 | 6,882 | ||
Vulcan Materials Co. | 3.900% | 4/1/27 | 5,680 | 5,503 | ||
Westlake Corp. | 3.600% | 8/15/26 | 18,643 | 17,941 | ||
WRKCo Inc. | 3.750% | 3/15/25 | 22,005 | 21,552 | ||
WRKCo Inc. | 4.650% | 3/15/26 | 6,798 | 6,709 | ||
WRKCo Inc. | 4.000% | 3/15/28 | 8,798 | 8,398 | ||
WRKCo Inc. | 3.900% | 6/1/28 | 9,933 | 9,415 | ||
841,942 | ||||||
Real Estate (3.8%) | ||||||
Agree LP | 2.000% | 6/15/28 | 4,683 | 4,075 | ||
Alexandria Real Estate Equities Inc. | 3.450% | 4/30/25 | 15,076 | 14,723 | ||
Alexandria Real Estate Equities Inc. | 4.300% | 1/15/26 | 2,540 | 2,492 | ||
Alexandria Real Estate Equities Inc. | 3.800% | 4/15/26 | 8,000 | 7,754 | ||
Alexandria Real Estate Equities Inc. | 3.950% | 1/15/27 | 6,341 | 6,113 | ||
Alexandria Real Estate Equities Inc. | 3.950% | 1/15/28 | 3,835 | 3,649 | ||
American Homes 4 Rent LP | 4.250% | 2/15/28 | 9,258 | 8,893 | ||
American Homes 4 Rent LP | 4.900% | 2/15/29 | 6,600 | 6,432 | ||
American Tower Corp. | 2.400% | 3/15/25 | 12,156 | 11,758 | ||
American Tower Corp. | 4.000% | 6/1/25 | 19,055 | 18,680 | ||
American Tower Corp. | 1.300% | 9/15/25 | 5,217 | 4,906 | ||
American Tower Corp. | 4.400% | 2/15/26 | 7,962 | 7,829 | ||
American Tower Corp. | 1.600% | 4/15/26 | 5,355 | 4,957 | ||
American Tower Corp. | 1.450% | 9/15/26 | 7,864 | 7,148 | ||
American Tower Corp. | 3.375% | 10/15/26 | 25,340 | 24,164 | ||
American Tower Corp. | 2.750% | 1/15/27 | 10,324 | 9,615 | ||
American Tower Corp. | 3.125% | 1/15/27 | 5,557 | 5,241 | ||
American Tower Corp. | 3.650% | 3/15/27 | 9,558 | 9,134 | ||
American Tower Corp. | 3.550% | 7/15/27 | 21,361 | 20,249 | ||
American Tower Corp. | 3.600% | 1/15/28 | 6,033 | 5,677 | ||
American Tower Corp. | 1.500% | 1/31/28 | 3,382 | 2,937 | ||
American Tower Corp. | 5.500% | 3/15/28 | 18,948 | 19,026 | ||
American Tower Corp. | 5.250% | 7/15/28 | 12,024 | 11,987 | ||
American Tower Corp. | 5.800% | 11/15/28 | 12,695 | 12,944 | ||
1 | AvalonBay Communities Inc. | 3.450% | 6/1/25 | 14,120 | 13,804 | |
1 | AvalonBay Communities Inc. | 3.500% | 11/15/25 | 2,314 | 2,249 | |
1 | AvalonBay Communities Inc. | 2.950% | 5/11/26 | 10,166 | 9,711 | |
1 | AvalonBay Communities Inc. | 2.900% | 10/15/26 | 2,900 | 2,740 | |
1 | AvalonBay Communities Inc. | 3.350% | 5/15/27 | 4,557 | 4,322 | |
1 | AvalonBay Communities Inc. | 3.200% | 1/15/28 | 6,968 | 6,529 | |
Boston Properties LP | 3.650% | 2/1/26 | 18,309 | 17,607 | ||
Boston Properties LP | 2.750% | 10/1/26 | 15,543 | 14,390 | ||
Boston Properties LP | 6.750% | 12/1/27 | 14,285 | 14,756 | ||
Boston Properties LP | 4.500% | 12/1/28 | 15,468 | 14,614 | ||
Brixmor Operating Partnership LP | 4.125% | 6/15/26 | 9,461 | 9,158 | ||
Brixmor Operating Partnership LP | 3.900% | 3/15/27 | 4,124 | 3,929 | ||
Brixmor Operating Partnership LP | 2.250% | 4/1/28 | 3,617 | 3,199 | ||
Brixmor Operating Partnership LP | 4.125% | 5/15/29 | 891 | 832 | ||
Camden Property Trust | 4.100% | 10/15/28 | 6,099 | 5,873 | ||
CBRE Services Inc. | 4.875% | 3/1/26 | 10,529 | 10,402 | ||
CBRE Services Inc. | 5.500% | 4/1/29 | 3,400 | 3,401 | ||
COPT Defense Properties LP | 2.250% | 3/15/26 | 11,116 | 10,395 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
COPT Defense Properties LP | 2.000% | 1/15/29 | 6,780 | 5,613 | ||
Crown Castle Inc. | 1.350% | 7/15/25 | 5,554 | 5,255 | ||
Crown Castle Inc. | 4.450% | 2/15/26 | 15,000 | 14,719 | ||
Crown Castle Inc. | 3.700% | 6/15/26 | 10,217 | 9,846 | ||
Crown Castle Inc. | 1.050% | 7/15/26 | 13,104 | 11,845 | ||
Crown Castle Inc. | 4.000% | 3/1/27 | 2,492 | 2,399 | ||
Crown Castle Inc. | 2.900% | 3/15/27 | 11,062 | 10,301 | ||
Crown Castle Inc. | 5.000% | 1/11/28 | 37,125 | 36,581 | ||
Crown Castle Inc. | 3.800% | 2/15/28 | 14,089 | 13,267 | ||
Crown Castle Inc. | 4.800% | 9/1/28 | 7,234 | 7,054 | ||
Crown Castle Inc. | 4.300% | 2/15/29 | 10,000 | 9,504 | ||
CubeSmart LP | 4.000% | 11/15/25 | 5,471 | 5,327 | ||
CubeSmart LP | 3.125% | 9/1/26 | 3,345 | 3,164 | ||
CubeSmart LP | 2.250% | 12/15/28 | 8,977 | 7,808 | ||
CubeSmart LP | 4.375% | 2/15/29 | 4,886 | 4,647 | ||
Digital Realty Trust LP | 3.700% | 8/15/27 | 16,077 | 15,322 | ||
Digital Realty Trust LP | 5.550% | 1/15/28 | 22,381 | 22,608 | ||
Digital Realty Trust LP | 4.450% | 7/15/28 | 6,685 | 6,468 | ||
EPR Properties | 4.500% | 4/1/25 | 4,944 | 4,857 | ||
EPR Properties | 4.500% | 6/1/27 | 17,685 | 16,713 | ||
EPR Properties | 4.950% | 4/15/28 | 3,550 | 3,365 | ||
Equinix Inc. | 1.250% | 7/15/25 | 3,871 | 3,652 | ||
Equinix Inc. | 1.000% | 9/15/25 | 11,488 | 10,740 | ||
Equinix Inc. | 1.450% | 5/15/26 | 13,676 | 12,594 | ||
Equinix Inc. | 2.900% | 11/18/26 | 4,140 | 3,898 | ||
Equinix Inc. | 1.800% | 7/15/27 | 3,763 | 3,382 | ||
Equinix Inc. | 1.550% | 3/15/28 | 9,794 | 8,525 | ||
Equinix Inc. | 2.000% | 5/15/28 | 5,495 | 4,846 | ||
ERP Operating LP | 3.375% | 6/1/25 | 12,016 | 11,718 | ||
ERP Operating LP | 2.850% | 11/1/26 | 7,274 | 6,864 | ||
ERP Operating LP | 3.250% | 8/1/27 | 2,421 | 2,273 | ||
ERP Operating LP | 4.150% | 12/1/28 | 12,422 | 12,010 | ||
Essex Portfolio LP | 3.500% | 4/1/25 | 8,187 | 8,012 | ||
Essex Portfolio LP | 3.375% | 4/15/26 | 4,525 | 4,354 | ||
Essex Portfolio LP | 3.625% | 5/1/27 | 8,247 | 7,834 | ||
Essex Portfolio LP | 1.700% | 3/1/28 | 8,519 | 7,404 | ||
Extra Space Storage LP | 3.500% | 7/1/26 | 9,761 | 9,346 | ||
Extra Space Storage LP | 5.700% | 4/1/28 | 10,019 | 10,157 | ||
Extra Space Storage LP | 4.000% | 6/15/29 | 1,807 | 1,696 | ||
Federal Realty OP LP | 1.250% | 2/15/26 | 6,885 | 6,348 | ||
Federal Realty OP LP | 3.250% | 7/15/27 | 9,130 | 8,529 | ||
Federal Realty OP LP | 5.375% | 5/1/28 | 5,665 | 5,646 | ||
GLP Capital LP | 5.250% | 6/1/25 | 14,215 | 14,099 | ||
GLP Capital LP | 5.375% | 4/15/26 | 16,596 | 16,424 | ||
GLP Capital LP | 5.750% | 6/1/28 | 13,105 | 13,011 | ||
GLP Capital LP | 5.300% | 1/15/29 | 6,060 | 5,885 | ||
Healthcare Realty Holdings LP | 3.500% | 8/1/26 | 13,129 | 12,524 | ||
Healthcare Realty Holdings LP | 3.750% | 7/1/27 | 7,834 | 7,350 | ||
Healthpeak OP LLC | 4.000% | 6/1/25 | 9,159 | 8,986 | ||
Healthpeak OP LLC | 3.250% | 7/15/26 | 6,538 | 6,245 | ||
Healthpeak OP LLC | 1.350% | 2/1/27 | 4,856 | 4,369 | ||
Healthpeak OP LLC | 2.125% | 12/1/28 | 1,729 | 1,505 | ||
Healthpeak OP LLC | 3.500% | 7/15/29 | 9,459 | 8,642 | ||
Highwoods Realty LP | 3.875% | 3/1/27 | 5,941 | 5,577 | ||
Highwoods Realty LP | 4.125% | 3/15/28 | 3,715 | 3,465 | ||
1 | Host Hotels & Resorts LP | 4.000% | 6/15/25 | 12,759 | 12,498 | |
1 | Host Hotels & Resorts LP | 4.500% | 2/1/26 | 10,638 | 10,413 | |
Invitation Homes Operating Partnership LP | 2.300% | 11/15/28 | 10,125 | 8,858 | ||
Kilroy Realty LP | 3.450% | 12/15/24 | 6,555 | 6,415 | ||
Kilroy Realty LP | 4.375% | 10/1/25 | 6,743 | 6,572 | ||
Kilroy Realty LP | 4.750% | 12/15/28 | 5,374 | 5,061 | ||
Kimco Realty OP LLC | 2.800% | 10/1/26 | 6,173 | 5,784 | ||
Kimco Realty OP LLC | 3.800% | 4/1/27 | 9,830 | 9,419 | ||
Kimco Realty OP LLC | 1.900% | 3/1/28 | 7,366 | 6,453 | ||
Kite Realty Group LP | 4.000% | 10/1/26 | 4,201 | 3,982 | ||
Kite Realty Group Trust | 4.000% | 3/15/25 | 3,621 | 3,546 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
LXP Industrial Trust | 6.750% | 11/15/28 | 5,305 | 5,463 | ||
Mid-America Apartments LP | 4.000% | 11/15/25 | 9,865 | 9,653 | ||
Mid-America Apartments LP | 1.100% | 9/15/26 | 4,011 | 3,625 | ||
Mid-America Apartments LP | 3.600% | 6/1/27 | 14,597 | 13,947 | ||
Mid-America Apartments LP | 4.200% | 6/15/28 | 5,060 | 4,896 | ||
NNN REIT Inc. | 4.000% | 11/15/25 | 12,387 | 12,080 | ||
NNN REIT Inc. | 3.600% | 12/15/26 | 5,550 | 5,292 | ||
NNN REIT Inc. | 3.500% | 10/15/27 | 4,556 | 4,284 | ||
NNN REIT Inc. | 4.300% | 10/15/28 | 5,408 | 5,192 | ||
Omega Healthcare Investors Inc. | 5.250% | 1/15/26 | 11,330 | 11,225 | ||
Omega Healthcare Investors Inc. | 4.500% | 4/1/27 | 8,895 | 8,556 | ||
Omega Healthcare Investors Inc. | 4.750% | 1/15/28 | 9,878 | 9,477 | ||
Physicians Realty LP | 4.300% | 3/15/27 | 7,009 | 6,811 | ||
Physicians Realty LP | 3.950% | 1/15/28 | 3,389 | 3,224 | ||
Piedmont Operating Partnership LP | 9.250% | 7/20/28 | 8,057 | 8,492 | ||
Prologis LP | 3.250% | 6/30/26 | 7,317 | 7,028 | ||
Prologis LP | 3.250% | 10/1/26 | 5,333 | 5,093 | ||
Prologis LP | 2.125% | 4/15/27 | 9,832 | 9,022 | ||
Prologis LP | 3.375% | 12/15/27 | 7,514 | 7,093 | ||
Prologis LP | 4.875% | 6/15/28 | 14,212 | 14,192 | ||
Prologis LP | 3.875% | 9/15/28 | 1,965 | 1,880 | ||
Prologis LP | 4.000% | 9/15/28 | 7,775 | 7,485 | ||
Public Storage Operating Co. | 0.875% | 2/15/26 | 7,320 | 6,755 | ||
Public Storage Operating Co. | 1.500% | 11/9/26 | 14,571 | 13,308 | ||
Public Storage Operating Co. | 3.094% | 9/15/27 | 5,321 | 5,009 | ||
Public Storage Operating Co. | 1.850% | 5/1/28 | 6,095 | 5,388 | ||
Public Storage Operating Co. | 1.950% | 11/9/28 | 12,201 | 10,718 | ||
Public Storage Operating Co. | 5.125% | 1/15/29 | 6,990 | 7,062 | ||
Realty Income Corp. | 3.875% | 4/15/25 | 13,362 | 13,135 | ||
Realty Income Corp. | 4.625% | 11/1/25 | 8,570 | 8,469 | ||
Realty Income Corp. | 0.750% | 3/15/26 | 3,052 | 2,785 | ||
Realty Income Corp. | 4.875% | 6/1/26 | 14,446 | 14,327 | ||
Realty Income Corp. | 4.450% | 9/15/26 | 4,665 | 4,541 | ||
Realty Income Corp. | 4.125% | 10/15/26 | 10,395 | 10,113 | ||
Realty Income Corp. | 3.000% | 1/15/27 | 12,435 | 11,722 | ||
Realty Income Corp. | 3.200% | 1/15/27 | 1,999 | 1,886 | ||
Realty Income Corp. | 3.950% | 8/15/27 | 8,407 | 8,119 | ||
Realty Income Corp. | 3.400% | 1/15/28 | 17,449 | 16,376 | ||
Realty Income Corp. | 2.100% | 3/15/28 | 4,279 | 3,794 | ||
Realty Income Corp. | 2.200% | 6/15/28 | 8,050 | 7,145 | ||
Realty Income Corp. | 4.750% | 2/15/29 | 7,075 | 6,924 | ||
Regency Centers LP | 3.600% | 2/1/27 | 8,710 | 8,329 | ||
Regency Centers LP | 4.125% | 3/15/28 | 3,081 | 2,942 | ||
Rexford Industrial Realty LP | 5.000% | 6/15/28 | 3,337 | 3,300 | ||
Sabra Health Care LP | 5.125% | 8/15/26 | 11,747 | 11,528 | ||
Simon Property Group LP | 3.500% | 9/1/25 | 23,729 | 23,151 | ||
Simon Property Group LP | 3.300% | 1/15/26 | 13,871 | 13,384 | ||
Simon Property Group LP | 3.250% | 11/30/26 | 14,392 | 13,719 | ||
Simon Property Group LP | 1.375% | 1/15/27 | 4,541 | 4,118 | ||
Simon Property Group LP | 3.375% | 6/15/27 | 8,629 | 8,190 | ||
Simon Property Group LP | 3.375% | 12/1/27 | 10,960 | 10,338 | ||
Simon Property Group LP | 1.750% | 2/1/28 | 13,066 | 11,566 | ||
SITE Centers Corp. | 3.625% | 2/1/25 | 7,188 | 7,074 | ||
SITE Centers Corp. | 4.250% | 2/1/26 | 2,450 | 2,391 | ||
SITE Centers Corp. | 4.700% | 6/1/27 | 8,191 | 8,050 | ||
Store Capital LLC | 4.500% | 3/15/28 | 5,815 | 5,464 | ||
Sun Communities Operating LP | 2.300% | 11/1/28 | 7,756 | 6,731 | ||
Sun Communities Operating LP | 5.500% | 1/15/29 | 11,631 | 11,520 | ||
Tanger Properties LP | 3.125% | 9/1/26 | 2,444 | 2,282 | ||
Tanger Properties LP | 3.875% | 7/15/27 | 5,908 | 5,411 | ||
1 | UDR Inc. | 2.950% | 9/1/26 | 5,253 | 4,953 | |
1 | UDR Inc. | 4.400% | 1/26/29 | 7,889 | 7,551 | |
Ventas Realty LP | 4.125% | 1/15/26 | 14,531 | 14,146 | ||
Ventas Realty LP | 3.250% | 10/15/26 | 6,394 | 6,037 | ||
Ventas Realty LP | 3.850% | 4/1/27 | 8,901 | 8,485 | ||
Ventas Realty LP | 4.000% | 3/1/28 | 6,867 | 6,535 | ||
Ventas Realty LP | 4.400% | 1/15/29 | 12,878 | 12,330 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
VICI Properties LP | 4.375% | 5/15/25 | 10,370 | 10,200 | ||
VICI Properties LP | 4.750% | 2/15/28 | 20,995 | 20,340 | ||
Welltower OP LLC | 4.000% | 6/1/25 | 20,909 | 20,525 | ||
Welltower OP LLC | 4.250% | 4/1/26 | 9,199 | 9,019 | ||
Welltower OP LLC | 2.700% | 2/15/27 | 10,553 | 9,855 | ||
Welltower OP LLC | 4.250% | 4/15/28 | 12,595 | 12,182 | ||
Weyerhaeuser Co. | 4.750% | 5/15/26 | 17,811 | 17,599 | ||
WP Carey Inc. | 4.250% | 10/1/26 | 5,699 | 5,547 | ||
1,578,246 | ||||||
Technology (7.5%) | ||||||
Adobe Inc. | 2.150% | 2/1/27 | 7,258 | 6,756 | ||
Analog Devices Inc. | 2.950% | 4/1/25 | 6,178 | 6,035 | ||
Analog Devices Inc. | 3.500% | 12/5/26 | 12,340 | 11,918 | ||
Analog Devices Inc. | 3.450% | 6/15/27 | 11,738 | 11,237 | ||
Apple Inc. | 1.125% | 5/11/25 | 40,821 | 38,980 | ||
Apple Inc. | 3.200% | 5/13/25 | 32,066 | 31,384 | ||
Apple Inc. | 0.550% | 8/20/25 | 16,426 | 15,441 | ||
Apple Inc. | 0.700% | 2/8/26 | 36,966 | 34,171 | ||
Apple Inc. | 3.250% | 2/23/26 | 56,194 | 54,515 | ||
Apple Inc. | 2.450% | 8/4/26 | 34,301 | 32,469 | ||
Apple Inc. | 2.050% | 9/11/26 | 28,117 | 26,287 | ||
Apple Inc. | 3.350% | 2/9/27 | 28,683 | 27,594 | ||
Apple Inc. | 3.200% | 5/11/27 | 48,656 | 46,426 | ||
Apple Inc. | 3.000% | 6/20/27 | 29,283 | 27,774 | ||
Apple Inc. | 2.900% | 9/12/27 | 39,006 | 36,790 | ||
Apple Inc. | 3.000% | 11/13/27 | 28,512 | 26,968 | ||
Apple Inc. | 1.200% | 2/8/28 | 34,046 | 29,920 | ||
Apple Inc. | 4.000% | 5/10/28 | 24,001 | 23,500 | ||
Apple Inc. | 1.400% | 8/5/28 | 30,108 | 26,314 | ||
Applied Materials Inc. | 3.900% | 10/1/25 | 8,075 | 7,933 | ||
Applied Materials Inc. | 3.300% | 4/1/27 | 15,437 | 14,776 | ||
Arrow Electronics Inc. | 4.000% | 4/1/25 | 5,895 | 5,792 | ||
Arrow Electronics Inc. | 3.875% | 1/12/28 | 10,300 | 9,728 | ||
Autodesk Inc. | 4.375% | 6/15/25 | 1,809 | 1,788 | ||
Autodesk Inc. | 3.500% | 6/15/27 | 9,456 | 9,041 | ||
Automatic Data Processing Inc. | 3.375% | 9/15/25 | 11,903 | 11,629 | ||
Automatic Data Processing Inc. | 1.700% | 5/15/28 | 17,216 | 15,327 | ||
Avnet Inc. | 4.625% | 4/15/26 | 5,001 | 4,894 | ||
Avnet Inc. | 6.250% | 3/15/28 | 7,529 | 7,658 | ||
Broadcom Corp. | 3.875% | 1/15/27 | 64,185 | 62,050 | ||
Broadcom Corp. | 3.500% | 1/15/28 | 11,400 | 10,738 | ||
Broadcom Inc. | 3.150% | 11/15/25 | 17,131 | 16,536 | ||
Broadcom Inc. | 3.459% | 9/15/26 | 13,857 | 13,292 | ||
Broadcom Inc. | 4.110% | 9/15/28 | 15,522 | 14,876 | ||
Broadridge Financial Solutions Inc. | 3.400% | 6/27/26 | 7,519 | 7,187 | ||
CDW LLC | 4.125% | 5/1/25 | 15,019 | 14,723 | ||
CDW LLC | 2.670% | 12/1/26 | 16,939 | 15,722 | ||
CDW LLC | 3.276% | 12/1/28 | 4,940 | 4,448 | ||
CDW LLC | 3.250% | 2/15/29 | 11,000 | 9,805 | ||
CGI Inc. | 1.450% | 9/14/26 | 10,108 | 9,166 | ||
Cintas Corp. No. 2 | 3.700% | 4/1/27 | 25,914 | 25,099 | ||
Cisco Systems Inc. | 3.500% | 6/15/25 | 3,651 | 3,583 | ||
Cisco Systems Inc. | 4.900% | 2/26/26 | 17,500 | 17,508 | ||
Cisco Systems Inc. | 2.950% | 2/28/26 | 18,090 | 17,437 | ||
Cisco Systems Inc. | 2.500% | 9/20/26 | 23,442 | 22,121 | ||
Cisco Systems Inc. | 4.800% | 2/26/27 | 32,410 | 32,418 | ||
Cisco Systems Inc. | 4.850% | 2/26/29 | 41,200 | 41,266 | ||
Concentrix Corp. | 6.650% | 8/2/26 | 13,425 | 13,551 | ||
Concentrix Corp. | 6.600% | 8/2/28 | 13,565 | 13,627 | ||
Dell International LLC | 5.850% | 7/15/25 | 2,104 | 2,113 | ||
Dell International LLC | 6.020% | 6/15/26 | 60,095 | 60,757 | ||
Dell International LLC | 4.900% | 10/1/26 | 35,742 | 35,416 | ||
Dell International LLC | 6.100% | 7/15/27 | 8,230 | 8,444 | ||
Dell International LLC | 5.250% | 2/1/28 | 16,932 | 17,051 | ||
DXC Technology Co. | 1.800% | 9/15/26 | 10,985 | 9,974 | ||
DXC Technology Co. | 2.375% | 9/15/28 | 10,315 | 8,893 | ||
Equifax Inc. | 2.600% | 12/15/25 | 13,024 | 12,409 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Equifax Inc. | 5.100% | 12/15/27 | 9,768 | 9,725 | ||
Equifax Inc. | 5.100% | 6/1/28 | 18,204 | 18,092 | ||
Fidelity National Information Services Inc. | 4.500% | 7/15/25 | 12,028 | 11,913 | ||
Fidelity National Information Services Inc. | 1.150% | 3/1/26 | 26,941 | 24,918 | ||
Fidelity National Information Services Inc. | 4.700% | 7/15/27 | 8,972 | 8,904 | ||
Fidelity National Information Services Inc. | 1.650% | 3/1/28 | 12,543 | 11,054 | ||
Fiserv Inc. | 3.850% | 6/1/25 | 10,841 | 10,624 | ||
Fiserv Inc. | 3.200% | 7/1/26 | 39,760 | 37,972 | ||
Fiserv Inc. | 2.250% | 6/1/27 | 20,101 | 18,393 | ||
Fiserv Inc. | 5.450% | 3/2/28 | 15,014 | 15,137 | ||
Fiserv Inc. | 5.375% | 8/21/28 | 6,321 | 6,360 | ||
Fiserv Inc. | 4.200% | 10/1/28 | 12,830 | 12,307 | ||
Flex Ltd. | 4.750% | 6/15/25 | 12,533 | 12,390 | ||
Flex Ltd. | 3.750% | 2/1/26 | 18,673 | 18,056 | ||
Fortinet Inc. | 1.000% | 3/15/26 | 9,240 | 8,479 | ||
Harman International Industries Inc. | 4.150% | 5/15/25 | 3,640 | 3,575 | ||
Hewlett Packard Enterprise Co. | 4.900% | 10/15/25 | 36,058 | 35,826 | ||
Hewlett Packard Enterprise Co. | 1.750% | 4/1/26 | 18,629 | 17,314 | ||
Hewlett Packard Enterprise Co. | 5.250% | 7/1/28 | 11,000 | 11,018 | ||
HP Inc. | 2.200% | 6/17/25 | 24,079 | 23,115 | ||
HP Inc. | 1.450% | 6/17/26 | 11,388 | 10,463 | ||
HP Inc. | 3.000% | 6/17/27 | 19,712 | 18,415 | ||
HP Inc. | 4.750% | 1/15/28 | 15,391 | 15,233 | ||
Hubbell Inc. | 3.350% | 3/1/26 | 10,270 | 9,908 | ||
Hubbell Inc. | 3.150% | 8/15/27 | 3,510 | 3,293 | ||
Hubbell Inc. | 3.500% | 2/15/28 | 7,531 | 7,114 | ||
IBM International Capital Pte. Ltd. | 4.600% | 2/5/29 | 16,000 | 15,693 | ||
Intel Corp. | 3.400% | 3/25/25 | 33,643 | 32,993 | ||
Intel Corp. | 3.700% | 7/29/25 | 46,621 | 45,662 | ||
Intel Corp. | 2.600% | 5/19/26 | 15,010 | 14,277 | ||
Intel Corp. | 3.750% | 3/25/27 | 19,622 | 18,979 | ||
Intel Corp. | 3.150% | 5/11/27 | 26,539 | 25,149 | ||
Intel Corp. | 3.750% | 8/5/27 | 13,187 | 12,710 | ||
Intel Corp. | 4.875% | 2/10/28 | 42,038 | 41,921 | ||
Intel Corp. | 1.600% | 8/12/28 | 12,660 | 11,012 | ||
International Business Machines Corp. | 4.000% | 7/27/25 | 13,295 | 13,090 | ||
International Business Machines Corp. | 7.000% | 10/30/25 | 9,003 | 9,293 | ||
International Business Machines Corp. | 4.500% | 2/6/26 | 18,100 | 17,936 | ||
International Business Machines Corp. | 3.450% | 2/19/26 | 16,570 | 16,074 | ||
International Business Machines Corp. | 3.300% | 5/15/26 | 46,967 | 45,219 | ||
International Business Machines Corp. | 3.300% | 1/27/27 | 7,545 | 7,208 | ||
International Business Machines Corp. | 1.700% | 5/15/27 | 31,257 | 28,215 | ||
International Business Machines Corp. | 4.150% | 7/27/27 | 10,107 | 9,848 | ||
International Business Machines Corp. | 6.220% | 8/1/27 | 6,130 | 6,395 | ||
International Business Machines Corp. | 4.500% | 2/6/28 | 22,935 | 22,623 | ||
Intuit Inc. | 0.950% | 7/15/25 | 8,231 | 7,766 | ||
Intuit Inc. | 5.125% | 9/15/28 | 15,025 | 15,206 | ||
Jabil Inc. | 1.700% | 4/15/26 | 8,444 | 7,811 | ||
Jabil Inc. | 4.250% | 5/15/27 | 7,130 | 6,885 | ||
Jabil Inc. | 5.450% | 2/1/29 | 8,481 | 8,471 | ||
Juniper Networks Inc. | 1.200% | 12/10/25 | 12,584 | 11,664 | ||
Kyndryl Holdings Inc. | 2.050% | 10/15/26 | 11,300 | 10,322 | ||
Lam Research Corp. | 3.800% | 3/15/25 | 14,323 | 14,113 | ||
Lam Research Corp. | 3.750% | 3/15/26 | 13,094 | 12,779 | ||
Leidos Inc. | 3.625% | 5/15/25 | 4,185 | 4,086 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Marvell Technology Inc. | 1.650% | 4/15/26 | 5,391 | 5,001 | ||
Marvell Technology Inc. | 2.450% | 4/15/28 | 11,534 | 10,356 | ||
1 | Marvell Technology Inc. | 4.875% | 6/22/28 | 8,712 | 8,558 | |
Marvell Technology Inc. | 5.750% | 2/15/29 | 3,000 | 3,057 | ||
Microchip Technology Inc. | 4.250% | 9/1/25 | 25,520 | 25,053 | ||
Micron Technology Inc. | 4.975% | 2/6/26 | 5,142 | 5,112 | ||
Micron Technology Inc. | 4.185% | 2/15/27 | 12,248 | 11,901 | ||
Micron Technology Inc. | 5.375% | 4/15/28 | 16,400 | 16,445 | ||
Micron Technology Inc. | 5.327% | 2/6/29 | 5,735 | 5,741 | ||
Microsoft Corp. | 3.125% | 11/3/25 | 49,228 | 47,851 | ||
Microsoft Corp. | 2.400% | 8/8/26 | 68,182 | 64,543 | ||
2 | Microsoft Corp. | 3.400% | 9/15/26 | 19,775 | 19,128 | |
Microsoft Corp. | 3.300% | 2/6/27 | 75,244 | 72,682 | ||
2 | Microsoft Corp. | 3.400% | 6/15/27 | 4,633 | 4,446 | |
Moody's Corp. | 3.750% | 3/24/25 | 3,394 | 3,337 | ||
Moody's Corp. | 4.250% | 2/1/29 | 12,963 | 12,556 | ||
Motorola Solutions Inc. | 4.600% | 2/23/28 | 7,199 | 7,062 | ||
NetApp Inc. | 1.875% | 6/22/25 | 10,972 | 10,462 | ||
NetApp Inc. | 2.375% | 6/22/27 | 11,548 | 10,576 | ||
Nokia OYJ | 4.375% | 6/12/27 | 7,965 | 7,634 | ||
NVIDIA Corp. | 3.200% | 9/16/26 | 25,208 | 24,299 | ||
NXP BV | 2.700% | 5/1/25 | 8,213 | 7,943 | ||
NXP BV | 5.350% | 3/1/26 | 7,878 | 7,865 | ||
NXP BV | 3.875% | 6/18/26 | 16,096 | 15,576 | ||
NXP BV | 3.150% | 5/1/27 | 12,989 | 12,211 | ||
NXP BV | 4.400% | 6/1/27 | 8,211 | 8,022 | ||
Oracle Corp. | 2.500% | 4/1/25 | 72,542 | 70,259 | ||
Oracle Corp. | 2.950% | 5/15/25 | 55,996 | 54,344 | ||
Oracle Corp. | 1.650% | 3/25/26 | 57,070 | 53,006 | ||
Oracle Corp. | 2.650% | 7/15/26 | 41,874 | 39,441 | ||
Oracle Corp. | 2.800% | 4/1/27 | 33,083 | 30,857 | ||
Oracle Corp. | 3.250% | 11/15/27 | 32,069 | 30,071 | ||
Oracle Corp. | 2.300% | 3/25/28 | 54,658 | 48,968 | ||
QUALCOMM Inc. | 3.450% | 5/20/25 | 22,669 | 22,200 | ||
QUALCOMM Inc. | 3.250% | 5/20/27 | 41,727 | 39,784 | ||
Roper Technologies Inc. | 1.000% | 9/15/25 | 15,155 | 14,192 | ||
Roper Technologies Inc. | 3.850% | 12/15/25 | 1,590 | 1,551 | ||
Roper Technologies Inc. | 3.800% | 12/15/26 | 15,444 | 14,928 | ||
Roper Technologies Inc. | 4.200% | 9/15/28 | 14,355 | 13,871 | ||
S&P Global Inc. | 2.950% | 1/22/27 | 11,315 | 10,722 | ||
S&P Global Inc. | 2.450% | 3/1/27 | 18,941 | 17,656 | ||
S&P Global Inc. | 4.750% | 8/1/28 | 12,435 | 12,385 | ||
Salesforce Inc. | 3.700% | 4/11/28 | 33,262 | 32,095 | ||
Salesforce Inc. | 1.500% | 7/15/28 | 19,206 | 16,801 | ||
Skyworks Solutions Inc. | 1.800% | 6/1/26 | 22,957 | 21,234 | ||
TD SYNNEX Corp. | 1.750% | 8/9/26 | 17,083 | 15,560 | ||
Texas Instruments Inc. | 1.375% | 3/12/25 | 11,923 | 11,469 | ||
Texas Instruments Inc. | 1.125% | 9/15/26 | 4,417 | 4,031 | ||
Texas Instruments Inc. | 4.600% | 2/15/28 | 9,787 | 9,769 | ||
Texas Instruments Inc. | 2.250% | 9/4/29 | 8,662 | 7,644 | ||
TSMC Arizona Corp. | 1.750% | 10/25/26 | 30,798 | 28,285 | ||
TSMC Arizona Corp. | 3.875% | 4/22/27 | 6,973 | 6,760 | ||
Verisk Analytics Inc. | 4.000% | 6/15/25 | 18,648 | 18,319 | ||
VMware LLC | 4.500% | 5/15/25 | 10,316 | 10,202 | ||
VMware LLC | 1.400% | 8/15/26 | 29,384 | 26,715 | ||
VMware LLC | 4.650% | 5/15/27 | 8,356 | 8,179 | ||
VMware LLC | 3.900% | 8/21/27 | 33,603 | 32,039 | ||
VMware LLC | 1.800% | 8/15/28 | 5,057 | 4,378 | ||
Workday Inc. | 3.500% | 4/1/27 | 16,415 | 15,626 | ||
3,167,011 | ||||||
Utilities (5.9%) | ||||||
AEP Transmission Co. LLC | 3.100% | 12/1/26 | 8,036 | 7,650 | ||
AES Corp. | 1.375% | 1/15/26 | 6,350 | 5,868 | ||
AES Corp. | 5.450% | 6/1/28 | 14,153 | 14,105 | ||
Alabama Power Co. | 3.750% | 9/1/27 | 6,775 | 6,501 | ||
Ameren Corp. | 3.650% | 2/15/26 | 6,220 | 6,017 | ||
Ameren Corp. | 5.700% | 12/1/26 | 6,783 | 6,862 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Ameren Corp. | 1.950% | 3/15/27 | 11,883 | 10,851 | ||
Ameren Corp. | 1.750% | 3/15/28 | 3,421 | 3,006 | ||
Ameren Illinois Co. | 3.250% | 3/1/25 | 3,337 | 3,275 | ||
1 | American Electric Power Co. Inc. | 1.000% | 11/1/25 | 2,945 | 2,735 | |
American Electric Power Co. Inc. | 5.750% | 11/1/27 | 4,929 | 5,027 | ||
1 | American Electric Power Co. Inc. | 4.300% | 12/1/28 | 20,220 | 19,462 | |
American Electric Power Co. Inc. | 5.200% | 1/15/29 | 8,354 | 8,344 | ||
American Electric Power Co. Inc. | 3.875% | 2/15/62 | 14,394 | 12,829 | ||
American Water Capital Corp. | 3.400% | 3/1/25 | 4,429 | 4,342 | ||
American Water Capital Corp. | 2.950% | 9/1/27 | 12,385 | 11,547 | ||
American Water Capital Corp. | 3.750% | 9/1/28 | 6,028 | 5,719 | ||
Appalachian Power Co. | 3.400% | 6/1/25 | 13,995 | 13,656 | ||
1 | Appalachian Power Co. | 3.300% | 6/1/27 | 12,226 | 11,491 | |
Arizona Public Service Co. | 3.150% | 5/15/25 | 2,194 | 2,131 | ||
Atmos Energy Corp. | 3.000% | 6/15/27 | 17,264 | 16,237 | ||
Avangrid Inc. | 3.200% | 4/15/25 | 5,982 | 5,819 | ||
Baltimore Gas & Electric Co. | 2.400% | 8/15/26 | 5,280 | 4,976 | ||
Berkshire Hathaway Energy Co. | 4.050% | 4/15/25 | 15,709 | 15,489 | ||
Berkshire Hathaway Energy Co. | 3.250% | 4/15/28 | 12,490 | 11,702 | ||
Black Hills Corp. | 3.950% | 1/15/26 | 4,889 | 4,750 | ||
Black Hills Corp. | 3.150% | 1/15/27 | 8,399 | 7,921 | ||
Black Hills Corp. | 5.950% | 3/15/28 | 6,289 | 6,465 | ||
1 | CenterPoint Energy Houston Electric LLC | 2.400% | 9/1/26 | 6,458 | 6,086 | |
1 | CenterPoint Energy Houston Electric LLC | 3.000% | 2/1/27 | 4,794 | 4,547 | |
CenterPoint Energy Houston Electric LLC | 5.200% | 10/1/28 | 13,788 | 13,908 | ||
CenterPoint Energy Inc. | 1.450% | 6/1/26 | 7,450 | 6,852 | ||
CenterPoint Energy Inc. | 5.250% | 8/10/26 | 3,761 | 3,764 | ||
CenterPoint Energy Resources Corp. | 5.250% | 3/1/28 | 15,585 | 15,697 | ||
Cleco Corporate Holdings LLC | 3.743% | 5/1/26 | 12,698 | 12,209 | ||
CMS Energy Corp. | 3.000% | 5/15/26 | 12,820 | 12,198 | ||
Commonwealth Edison Co. | 2.550% | 6/15/26 | 2,889 | 2,733 | ||
Commonwealth Edison Co. | 3.700% | 8/15/28 | 6,920 | 6,590 | ||
1 | Connecticut Light & Power Co. | 0.750% | 12/1/25 | 5,978 | 5,543 | |
1 | Connecticut Light & Power Co. | 3.200% | 3/15/27 | 15,190 | 14,432 | |
1 | Consolidated Edison Co. of New York Inc. | 3.125% | 11/15/27 | 5,015 | 4,711 | |
1 | Consolidated Edison Co. of New York Inc. | 4.000% | 12/1/28 | 17,777 | 17,144 | |
Constellation Energy Generation LLC | 3.250% | 6/1/25 | 15,577 | 15,134 | ||
Constellation Energy Generation LLC | 5.600% | 3/1/28 | 12,705 | 12,870 | ||
Consumers Energy Co. | 4.650% | 3/1/28 | 12,860 | 12,774 | ||
Consumers Energy Co. | 4.900% | 2/15/29 | 3,350 | 3,343 | ||
Consumers Energy Co. | 4.600% | 5/30/29 | 8,560 | 8,413 | ||
1 | Dominion Energy Inc. | 3.300% | 3/15/25 | 3,072 | 3,002 | |
Dominion Energy Inc. | 3.900% | 10/1/25 | 17,662 | 17,250 | ||
1 | Dominion Energy Inc. | 1.450% | 4/15/26 | 14,069 | 12,988 | |
1 | Dominion Energy Inc. | 2.850% | 8/15/26 | 9,814 | 9,255 | |
1 | Dominion Energy Inc. | 3.600% | 3/15/27 | 3,840 | 3,668 | |
DTE Electric Co. | 3.375% | 3/1/25 | 8,516 | 8,357 | ||
DTE Electric Co. | 4.850% | 12/1/26 | 8,200 | 8,185 | ||
1 | DTE Electric Co. | 1.900% | 4/1/28 | 3,653 | 3,252 | |
1 | DTE Energy Co. | 1.050% | 6/1/25 | 16,747 | 15,864 | |
DTE Energy Co. | 2.850% | 10/1/26 | 9,648 | 9,092 | ||
DTE Energy Co. | 4.875% | 6/1/28 | 15,471 | 15,266 | ||
DTE Energy Co. | 5.100% | 3/1/29 | 7,600 | 7,541 | ||
1 | DTE Energy Co. | 3.400% | 6/15/29 | 7,064 | 6,465 | |
Duke Energy Carolinas LLC | 2.950% | 12/1/26 | 6,657 | 6,339 | ||
Duke Energy Carolinas LLC | 2.450% | 8/15/29 | 14,950 | 13,185 | ||
Duke Energy Corp. | 0.900% | 9/15/25 | 11,987 | 11,215 | ||
Duke Energy Corp. | 5.000% | 12/8/25 | 7,776 | 7,746 | ||
Duke Energy Corp. | 2.650% | 9/1/26 | 33,368 | 31,405 | ||
Duke Energy Corp. | 5.000% | 12/8/27 | 23,229 | 23,093 | ||
Duke Energy Corp. | 4.300% | 3/15/28 | 10,946 | 10,629 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Duke Energy Corp. | 3.250% | 1/15/82 | 7,909 | 6,704 | ||
Duke Energy Florida LLC | 3.200% | 1/15/27 | 23,743 | 22,667 | ||
Duke Energy Progress LLC | 3.250% | 8/15/25 | 4,449 | 4,338 | ||
Duke Energy Progress LLC | 3.700% | 9/1/28 | 9,784 | 9,323 | ||
Duke Energy Progress LLC | 3.450% | 3/15/29 | 7,500 | 7,018 | ||
Edison International | 4.950% | 4/15/25 | 5,443 | 5,396 | ||
Edison International | 5.750% | 6/15/27 | 13,712 | 13,842 | ||
Edison International | 5.250% | 11/15/28 | 10,988 | 10,930 | ||
Emera US Finance LP | 3.550% | 6/15/26 | 18,966 | 18,175 | ||
Enel Americas SA | 4.000% | 10/25/26 | 9,778 | 9,393 | ||
Enel Chile SA | 4.875% | 6/12/28 | 16,918 | 16,458 | ||
Entergy Arkansas LLC | 3.500% | 4/1/26 | 16,991 | 16,478 | ||
Entergy Corp. | 0.900% | 9/15/25 | 18,689 | 17,477 | ||
Entergy Corp. | 2.950% | 9/1/26 | 18,497 | 17,547 | ||
Entergy Louisiana LLC | 2.400% | 10/1/26 | 3,806 | 3,554 | ||
Evergy Kansas Central Inc. | 2.550% | 7/1/26 | 12,240 | 11,545 | ||
Evergy Kansas Central Inc. | 3.100% | 4/1/27 | 3,708 | 3,502 | ||
Evergy Metro Inc. | 3.650% | 8/15/25 | 365 | 356 | ||
1 | Eversource Energy | 0.800% | 8/15/25 | 8,511 | 7,944 | |
1 | Eversource Energy | 1.400% | 8/15/26 | 2,932 | 2,662 | |
Eversource Energy | 2.900% | 3/1/27 | 18,125 | 16,959 | ||
Eversource Energy | 4.600% | 7/1/27 | 9,455 | 9,246 | ||
1 | Eversource Energy | 3.300% | 1/15/28 | 7,422 | 6,913 | |
Eversource Energy | 5.450% | 3/1/28 | 34,471 | 34,660 | ||
1 | Exelon Corp. | 3.950% | 6/15/25 | 20,683 | 20,301 | |
Exelon Corp. | 3.400% | 4/15/26 | 10,385 | 9,999 | ||
Exelon Corp. | 2.750% | 3/15/27 | 19,284 | 17,944 | ||
Exelon Corp. | 5.150% | 3/15/28 | 27,321 | 27,262 | ||
Exelon Corp. | 5.150% | 3/15/29 | 4,850 | 4,827 | ||
Florida Power & Light Co. | 2.850% | 4/1/25 | 10,639 | 10,372 | ||
Florida Power & Light Co. | 3.125% | 12/1/25 | 9,945 | 9,639 | ||
Florida Power & Light Co. | 4.450% | 5/15/26 | 5,928 | 5,867 | ||
1 | Florida Power & Light Co. | 3.300% | 5/30/27 | 6,803 | 6,441 | |
Florida Power & Light Co. | 5.050% | 4/1/28 | 16,931 | 17,054 | ||
Florida Power & Light Co. | 4.400% | 5/15/28 | 28,703 | 28,200 | ||
Fortis Inc. | 3.055% | 10/4/26 | 22,538 | 21,277 | ||
Georgia Power Co. | 3.250% | 4/1/26 | 10,519 | 10,102 | ||
Georgia Power Co. | 5.004% | 2/23/27 | 8,000 | 7,984 | ||
Georgia Power Co. | 3.250% | 3/30/27 | 10,601 | 10,040 | ||
Georgia Power Co. | 4.650% | 5/16/28 | 25,000 | 24,627 | ||
Iberdrola International BV | 5.810% | 3/15/25 | 2,431 | 2,431 | ||
Interstate Power & Light Co. | 4.100% | 9/26/28 | 9,135 | 8,752 | ||
ITC Holdings Corp. | 3.250% | 6/30/26 | 14,194 | 13,556 | ||
ITC Holdings Corp. | 3.350% | 11/15/27 | 9,857 | 9,246 | ||
1 | Louisville Gas & Electric Co. | 3.300% | 10/1/25 | 2,386 | 2,317 | |
MidAmerican Energy Co. | 3.100% | 5/1/27 | 8,209 | 7,766 | ||
Mississippi Power Co. | 3.950% | 3/30/28 | 2,811 | 2,696 | ||
National Fuel Gas Co. | 5.200% | 7/15/25 | 1,975 | 1,959 | ||
National Fuel Gas Co. | 5.500% | 1/15/26 | 15,194 | 15,147 | ||
National Fuel Gas Co. | 5.500% | 10/1/26 | 2,655 | 2,647 | ||
National Fuel Gas Co. | 4.750% | 9/1/28 | 4,750 | 4,590 | ||
National Grid plc | 5.602% | 6/12/28 | 13,433 | 13,602 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 3.450% | 6/15/25 | 3,672 | 3,588 | |
National Rural Utilities Cooperative Finance Corp. | 5.450% | 10/30/25 | 13,815 | 13,851 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 3.250% | 11/1/25 | 7,621 | 7,386 | |
1 | National Rural Utilities Cooperative Finance Corp. | 1.000% | 6/15/26 | 6,996 | 6,385 | |
1 | National Rural Utilities Cooperative Finance Corp. | 4.800% | 2/5/27 | 3,935 | 3,915 | |
National Rural Utilities Cooperative Finance Corp. | 3.050% | 4/25/27 | 10,105 | 9,575 | ||
National Rural Utilities Cooperative Finance Corp. | 3.400% | 2/7/28 | 16,098 | 15,206 | ||
National Rural Utilities Cooperative Finance Corp. | 4.800% | 3/15/28 | 13,294 | 13,222 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | National Rural Utilities Cooperative Finance Corp. | 5.050% | 9/15/28 | 11,003 | 11,015 | |
1 | National Rural Utilities Cooperative Finance Corp. | 4.850% | 2/7/29 | 17,500 | 17,351 | |
1 | National Rural Utilities Cooperative Finance Corp. | 5.250% | 4/20/46 | 2,790 | 2,706 | |
NextEra Energy Capital Holdings Inc. | 6.051% | 3/1/25 | 15,792 | 15,856 | ||
NextEra Energy Capital Holdings Inc. | 4.450% | 6/20/25 | 14,516 | 14,327 | ||
NextEra Energy Capital Holdings Inc. | 5.749% | 9/1/25 | 28,382 | 28,532 | ||
NextEra Energy Capital Holdings Inc. | 1.875% | 1/15/27 | 16,656 | 15,200 | ||
NextEra Energy Capital Holdings Inc. | 3.550% | 5/1/27 | 39,744 | 37,812 | ||
NextEra Energy Capital Holdings Inc. | 4.625% | 7/15/27 | 21,247 | 20,904 | ||
NextEra Energy Capital Holdings Inc. | 4.900% | 2/28/28 | 28,993 | 28,752 | ||
NextEra Energy Capital Holdings Inc. | 1.900% | 6/15/28 | 27,398 | 23,997 | ||
3 | NextEra Energy Capital Holdings Inc. | 6.700% | 9/1/54 | 8,500 | 8,470 | |
NextEra Energy Capital Holdings Inc. | 3.800% | 3/15/82 | 19,777 | 17,618 | ||
NiSource Inc. | 0.950% | 8/15/25 | 31,138 | 29,226 | ||
NiSource Inc. | 3.490% | 5/15/27 | 23,474 | 22,318 | ||
NiSource Inc. | 5.250% | 3/30/28 | 14,962 | 15,030 | ||
NSTAR Electric Co. | 3.200% | 5/15/27 | 11,127 | 10,600 | ||
Oncor Electric Delivery Co. LLC | 2.950% | 4/1/25 | 5,935 | 5,787 | ||
Oncor Electric Delivery Co. LLC | 0.550% | 10/1/25 | 5,607 | 5,213 | ||
Oncor Electric Delivery Co. LLC | 4.300% | 5/15/28 | 10,586 | 10,322 | ||
ONE Gas Inc. | 5.100% | 4/1/29 | 3,245 | 3,253 | ||
Pacific Gas & Electric Co. | 4.950% | 6/8/25 | 2,936 | 2,908 | ||
Pacific Gas & Electric Co. | 3.500% | 6/15/25 | 13,270 | 12,880 | ||
Pacific Gas & Electric Co. | 3.450% | 7/1/25 | 21,717 | 21,084 | ||
Pacific Gas & Electric Co. | 3.150% | 1/1/26 | 43,810 | 41,892 | ||
Pacific Gas & Electric Co. | 2.100% | 8/1/27 | 25,620 | 22,951 | ||
Pacific Gas & Electric Co. | 3.300% | 12/1/27 | 16,306 | 15,064 | ||
Pacific Gas & Electric Co. | 3.750% | 7/1/28 | 19,305 | 17,960 | ||
Pacific Gas & Electric Co. | 6.100% | 1/15/29 | 23,806 | 24,365 | ||
Pacific Gas & Electric Co. | 5.550% | 5/15/29 | 11,000 | 11,022 | ||
PECO Energy Co. | 3.150% | 10/15/25 | 2,980 | 2,894 | ||
Pinnacle West Capital Corp. | 1.300% | 6/15/25 | 3,623 | 3,438 | ||
PPL Capital Funding Inc. | 3.100% | 5/15/26 | 16,218 | 15,444 | ||
1 | Public Service Electric & Gas Co. | 3.000% | 5/15/25 | 2,628 | 2,561 | |
1 | Public Service Electric & Gas Co. | 0.950% | 3/15/26 | 5,961 | 5,516 | |
1 | Public Service Electric & Gas Co. | 2.250% | 9/15/26 | 7,346 | 6,865 | |
1 | Public Service Electric & Gas Co. | 3.000% | 5/15/27 | 8,087 | 7,644 | |
1 | Public Service Electric & Gas Co. | 3.700% | 5/1/28 | 1,495 | 1,429 | |
1 | Public Service Electric & Gas Co. | 3.650% | 9/1/28 | 4,078 | 3,883 | |
Public Service Enterprise Group Inc. | 0.800% | 8/15/25 | 6,269 | 5,870 | ||
Public Service Enterprise Group Inc. | 5.850% | 11/15/27 | 11,905 | 12,188 | ||
Public Service Enterprise Group Inc. | 5.875% | 10/15/28 | 14,430 | 14,809 | ||
Puget Energy Inc. | 3.650% | 5/15/25 | 8,991 | 8,760 | ||
Puget Energy Inc. | 2.379% | 6/15/28 | 7,977 | 7,073 | ||
San Diego Gas & Electric Co. | 2.500% | 5/15/26 | 5,239 | 4,970 | ||
San Diego Gas & Electric Co. | 4.950% | 8/15/28 | 9,937 | 9,934 | ||
Sempra | 3.300% | 4/1/25 | 12,455 | 12,163 | ||
Sempra | 3.250% | 6/15/27 | 11,241 | 10,572 | ||
Sempra | 3.400% | 2/1/28 | 13,651 | 12,846 | ||
Sempra | 4.125% | 4/1/52 | 16,536 | 15,183 | ||
Sierra Pacific Power Co. | 2.600% | 5/1/26 | 2,989 | 2,831 | ||
1 | Southern California Edison Co. | 3.700% | 8/1/25 | 18,807 | 18,370 | |
1 | Southern California Edison Co. | 1.200% | 2/1/26 | 9,480 | 8,793 | |
3 | Southern California Edison Co. | 5.350% | 3/1/26 | 10,485 | 10,492 | |
Southern California Edison Co. | 4.875% | 2/1/27 | 5,585 | 5,556 | ||
1 | Southern California Edison Co. | 4.700% | 6/1/27 | 11,681 | 11,547 | |
Southern California Edison Co. | 5.850% | 11/1/27 | 19,630 | 20,103 | ||
Southern California Edison Co. | 5.300% | 3/1/28 | 18,975 | 19,157 | ||
Southern California Edison Co. | 5.650% | 10/1/28 | 18,357 | 18,796 | ||
3 | Southern California Edison Co. | 5.150% | 6/1/29 | 12,200 | 12,209 | |
Southern California Gas Co. | 3.200% | 6/15/25 | 7,834 | 7,655 | ||
1 | Southern California Gas Co. | 2.600% | 6/15/26 | 4,842 | 4,589 | |
Southern California Gas Co. | 2.950% | 4/15/27 | 11,707 | 11,015 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Southern Co. | 5.150% | 10/6/25 | 8,433 | 8,420 | ||
Southern Co. | 3.250% | 7/1/26 | 33,850 | 32,380 | ||
Southern Co. | 4.850% | 6/15/28 | 13,979 | 13,845 | ||
Southern Co. | 5.500% | 3/15/29 | 7,500 | 7,598 | ||
1 | Southern Co. | 4.000% | 1/15/51 | 17,903 | 17,212 | |
1 | Southern Co. | 3.750% | 9/15/51 | 16,082 | 15,091 | |
Southern Co. Gas Capital Corp. | 3.250% | 6/15/26 | 12,428 | 11,880 | ||
Southern Power Co. | 4.150% | 12/1/25 | 16,849 | 16,558 | ||
Southern Power Co. | 0.900% | 1/15/26 | 4,478 | 4,128 | ||
Southwest Gas Corp. | 5.800% | 12/1/27 | 5,088 | 5,179 | ||
Southwest Gas Corp. | 5.450% | 3/23/28 | 10,660 | 10,749 | ||
1 | Southwestern Electric Power Co. | 1.650% | 3/15/26 | 10,528 | 9,792 | |
1 | Southwestern Electric Power Co. | 2.750% | 10/1/26 | 9,902 | 9,296 | |
1 | Southwestern Electric Power Co. | 4.100% | 9/15/28 | 8,167 | 7,829 | |
Tampa Electric Co. | 4.900% | 3/1/29 | 2,865 | 2,848 | ||
Tucson Electric Power Co. | 3.050% | 3/15/25 | 3,883 | 3,789 | ||
Union Electric Co. | 2.950% | 6/15/27 | 11,981 | 11,252 | ||
United Utilities plc | 6.875% | 8/15/28 | 6,720 | 7,119 | ||
1 | Virginia Electric & Power Co. | 3.100% | 5/15/25 | 5,328 | 5,189 | |
1 | Virginia Electric & Power Co. | 3.150% | 1/15/26 | 30,204 | 29,139 | |
1 | Virginia Electric & Power Co. | 2.950% | 11/15/26 | 3,162 | 2,995 | |
1 | Virginia Electric & Power Co. | 3.500% | 3/15/27 | 13,926 | 13,329 | |
1 | Virginia Electric & Power Co. | 3.750% | 5/15/27 | 7,636 | 7,347 | |
1 | Virginia Electric & Power Co. | 3.800% | 4/1/28 | 5,487 | 5,256 | |
1 | Virginia Electric & Power Co. | 2.875% | 7/15/29 | 4,450 | 4,025 | |
WEC Energy Group Inc. | 3.550% | 6/15/25 | 2,133 | 2,075 | ||
WEC Energy Group Inc. | 5.000% | 9/27/25 | 3,484 | 3,467 | ||
WEC Energy Group Inc. | 4.750% | 1/9/26 | 10,699 | 10,592 | ||
WEC Energy Group Inc. | 5.150% | 10/1/27 | 16,211 | 16,186 | ||
WEC Energy Group Inc. | 4.750% | 1/15/28 | 11,720 | 11,572 | ||
WEC Energy Group Inc. | 2.200% | 12/15/28 | 4,338 | 3,809 | ||
Wisconsin Power & Light Co. | 3.050% | 10/15/27 | 4,989 | 4,656 | ||
Wisconsin Public Service Corp. | 5.350% | 11/10/25 | 3,985 | 3,991 | ||
Xcel Energy Inc. | 3.300% | 6/1/25 | 15,511 | 15,082 | ||
Xcel Energy Inc. | 3.350% | 12/1/26 | 10,205 | 9,649 | ||
Xcel Energy Inc. | 1.750% | 3/15/27 | 14,905 | 13,455 | ||
Xcel Energy Inc. | 4.000% | 6/15/28 | 6,954 | 6,646 | ||
2,493,377 | ||||||
Total Corporate Bonds (Cost $42,242,492) | 41,077,762 | |||||
Shares | ||||||
Temporary Cash Investments (0.9%) | ||||||
Money Market Fund (0.9%) | ||||||
5 | Vanguard Market Liquidity Fund (Cost $381,410) | 5.400% | 3,814,546 | 381,417 | ||
Total Investments (99.7%) (Cost $43,086,755) | 41,922,290 | |||||
Other Assets and Liabilities—Net (0.3%) | 141,762 | |||||
Net Assets (100%) | 42,064,052 |
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 29, 2024, the aggregate value was $206,633,000, representing 0.5% 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 29, 2024. |
4 | Securities with a value of $5,212,000 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. | |
REIT—Real Estate Investment Trust. |
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 2024 | 658 | 70,344 | (48) |
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 Purchased | ||||||
CDX-NA-IG-S41-V1 | 12/20/28 | USD | 125,000 | (1.000) | (2,814) | (259) |
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 $42,705,345) | 41,540,873 |
Affiliated Issuers (Cost $381,410) | 381,417 |
Total Investments in Securities | 41,922,290 |
Investment in Vanguard | 1,343 |
Receivables for Investment Securities Sold | 1,013,139 |
Receivables for Accrued Income | 424,044 |
Receivables for Capital Shares Issued | 6,937 |
Total Assets | 43,367,753 |
Liabilities | |
Due to Custodian | 955 |
Payables for Investment Securities Purchased | 1,294,544 |
Payables for Capital Shares Redeemed | 5,233 |
Payables for Distributions | 1,933 |
Payables to Vanguard | 708 |
Variation Margin Payable—Futures Contracts | 307 |
Variation Margin Payable—Centrally Cleared Swap Contracts | 21 |
Total Liabilities | 1,303,701 |
Net Assets | 42,064,052 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 44,239,249 |
Total Distributable Earnings (Loss) | (2,175,197) |
Net Assets | 42,064,052 |
ETF Shares—Net Assets | |
Applicable to 462,039,147 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 35,578,364 |
Net Asset Value Per Share—ETF Shares | $77.00 |
Admiral Shares—Net Assets | |
Applicable to 192,205,468 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 4,018,842 |
Net Asset Value Per Share—Admiral Shares | $20.91 |
Institutional Shares—Net Assets | |
Applicable to 96,376,039 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 2,466,846 |
Net Asset Value Per Share—Institutional Shares | $25.60 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 747,086 |
Total Income | 747,086 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 433 |
Management and Administrative—ETF Shares | 5,329 |
Management and Administrative—Admiral Shares | 1,209 |
Management and Administrative—Institutional Shares | 511 |
Marketing and Distribution—ETF Shares | 949 |
Marketing and Distribution—Admiral Shares | 109 |
Marketing and Distribution—Institutional Shares | 47 |
Custodian Fees | 107 |
Shareholders’ Reports—ETF Shares | 303 |
Shareholders’ Reports—Admiral Shares | 23 |
Shareholders’ Reports—Institutional Shares | 1 |
Trustees’ Fees and Expenses | 16 |
Other Expenses | 11 |
Total Expenses | 9,048 |
Net Investment Income | 738,038 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | (311,932) |
Futures Contracts | (589) |
Swap Contracts | (283) |
Realized Net Gain (Loss) | (312,804) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 941,288 |
Futures Contracts | (227) |
Swap Contracts | 261 |
Change in Unrealized Appreciation (Depreciation) | 941,322 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,366,556 |
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 $4,054,000, $56,000, $1,000, and $4,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes ($105,175,000) of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 738,038 | 1,256,006 | |
Realized Net Gain (Loss) | (312,804) | (1,296,803) | |
Change in Unrealized Appreciation (Depreciation) | 941,322 | 948,307 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,366,556 | 907,510 | |
Distributions | |||
ETF Shares | (623,137) | (1,047,846) | |
Admiral Shares | (70,273) | (117,989) | |
Institutional Shares | (41,891) | (66,109) | |
Total Distributions | (735,301) | (1,231,944) | |
Capital Share Transactions | |||
ETF Shares | (1,746,943) | (6,648,044) | |
Admiral Shares | (104,681) | (555,646) | |
Institutional Shares | (12,631) | 216,450 | |
Net Increase (Decrease) from Capital Share Transactions | (1,864,255) | (6,987,240) | |
Total Increase (Decrease) | (1,233,000) | (7,311,674) | |
Net Assets | |||
Beginning of Period | 43,297,052 | 50,608,726 | |
End of Period | 42,064,052 | 43,297,052 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $75.75 | $76.14 | $82.67 | $82.95 | $81.18 | $78.32 |
Investment Operations | ||||||
Net Investment Income1 | 1.343 | 2.094 | 1.319 | 1.433 | 2.127 | 2.311 |
Net Realized and Unrealized Gain (Loss) on Investments | 1.240 | (.441) | (6.388) | (.250) | 1.815 | 2.826 |
Total from Investment Operations | 2.583 | 1.653 | (5.069) | 1.183 | 3.942 | 5.137 |
Distributions | ||||||
Dividends from Net Investment Income | (1.333) | (2.043) | (1.279) | (1.463) | (2.172) | (2.277) |
Distributions from Realized Capital Gains | — | — | (.182) | — | — | — |
Total Distributions | (1.333) | (2.043) | (1.461) | (1.463) | (2.172) | (2.277) |
Net Asset Value, End of Period | $77.00 | $75.75 | $76.14 | $82.67 | $82.95 | $81.18 |
Total Return | 3.44% | 2.23% | -6.19% | 1.44% | 4.95% | 6.68% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $35,578 | $36,793 | $43,723 | $41,569 | $31,797 | $24,537 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.04%2 | 0.04%2 | 0.04% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 3.55% | 2.78% | 1.67% | 1.73% | 2.62% | 2.92% |
Portfolio Turnover Rate3 | 30% | 63% | 50% | 42% | 56% | 51% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $20.57 | $20.70 | $22.49 | $22.55 | $22.06 | $21.28 |
Investment Operations | ||||||
Net Investment Income1 | .363 | .566 | .351 | .385 | .578 | .625 |
Net Realized and Unrealized Gain (Loss) on Investments | .342 | (.126) | (1.741) | (.063) | .485 | .777 |
Total from Investment Operations | .705 | .440 | (1.390) | .322 | 1.063 | 1.402 |
Distributions | ||||||
Dividends from Net Investment Income | (.365) | (.570) | (.350) | (.382) | (.573) | (.622) |
Distributions from Realized Capital Gains | — | — | (.050) | — | — | — |
Total Distributions | (.365) | (.570) | (.400) | (.382) | (.573) | (.622) |
Net Asset Value, End of Period | $20.91 | $20.57 | $20.70 | $22.49 | $22.55 | $22.06 |
Total Return2 | 3.46% | 2.17% | -6.24% | 1.44% | 4.90% | 6.70% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $4,019 | $4,060 | $4,647 | $5,435 | $4,703 | $4,312 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07%3 | 0.07%3 | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 3.52% | 2.75% | 1.63% | 1.71% | 2.61% | 2.90% |
Portfolio Turnover Rate4 | 30% | 63% | 50% | 42% | 56% | 51% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $25.19 | $25.34 | $27.53 | $27.61 | $27.00 | $26.06 |
Investment Operations | ||||||
Net Investment Income1 | .446 | .702 | .436 | .473 | .713 | .768 |
Net Realized and Unrealized Gain (Loss) on Investments | .414 | (.149) | (2.131) | (.080) | .604 | .939 |
Total from Investment Operations | .860 | .553 | (1.695) | .393 | 1.317 | 1.707 |
Distributions | ||||||
Dividends from Net Investment Income | (.450) | (.703) | (.434) | (.473) | (.707) | (.767) |
Distributions from Realized Capital Gains | — | — | (.061) | — | — | — |
Total Distributions | (.450) | (.703) | (.495) | (.473) | (.707) | (.767) |
Net Asset Value, End of Period | $25.60 | $25.19 | $25.34 | $27.53 | $27.61 | $27.00 |
Total Return | 3.44% | 2.22% | -6.21% | 1.44% | 4.96% | 6.66% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $2,467 | $2,444 | $2,239 | $2,258 | $1,661 | $1,633 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05%2 | 0.05%2 | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 3.54% | 2.79% | 1.65% | 1.72% | 2.63% | 2.92% |
Portfolio Turnover Rate3 | 30% | 63% | 50% | 42% | 56% | 51% |
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 | — | 463,111 | — | 463,111 |
Corporate Bonds | — | 41,077,762 | — | 41,077,762 |
Temporary Cash Investments | 381,417 | — | — | 381,417 |
Total | 381,417 | 41,540,873 | — | 41,922,290 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 48 | — | — | 48 |
Swap Contracts | 2591 | — | — | 259 |
Total | 307 | — | — | 307 |
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 Depreciation—Futures Contracts1 | 48 | — | 48 |
Unrealized Depreciation—Centrally Cleared Swap Contracts1 | — | 259 | 259 |
Total Liabilities | 48 | 259 | 307 |
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 | (589) | — | (589) |
Swap Contracts | — | (283) | (283) |
Realized Net Gain (Loss) on Derivatives | (589) | (283) | (872) |
Change in Unrealized Appreciation (Depreciation) on Derivatives | |||
Futures Contracts | (227) | — | (227) |
Swap Contracts | — | 261 | 261 |
Change in Unrealized Appreciation (Depreciation) on Derivatives | (227) | 261 | 34 |
Amount ($000) | |
Tax Cost | 43,087,631 |
Gross Unrealized Appreciation | 122,320 |
Gross Unrealized Depreciation | (1,287,968) |
Net Unrealized Appreciation (Depreciation) | (1,165,648) |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 6,119,8681 | 79,9511 | 12,515,077 | 165,960 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (7,866,811)1 | (103,600)1 | (19,163,121) | (254,500) | |
Net Increase (Decrease)—ETF Shares | (1,746,943) | (23,649) | (6,648,044) | (88,540) | |
Admiral Shares | |||||
Issued | 506,382 | 24,360 | 1,301,379 | 63,432 | |
Issued in Lieu of Cash Distributions | 57,405 | 2,768 | 96,193 | 4,684 | |
Redeemed | (668,468) | (32,250) | (1,953,218) | (95,281) | |
Net Increase (Decrease)—Admiral Shares | (104,681) | (5,122) | (555,646) | (27,165) | |
Institutional Shares | |||||
Issued | 377,828 | 14,847 | 811,976 | 32,436 | |
Issued in Lieu of Cash Distributions | 41,403 | 1,631 | 64,112 | 2,550 | |
Redeemed | (431,862) | (17,141) | (659,638) | (26,302) | |
Net Increase (Decrease)—Institutional Shares | (12,631) | (663) | 216,450 | 8,684 |
1 | Includes unsettled in-kind transactions as of February 29, 2024 for 1,700,000 issued shares and 3,600,000 redeemed shares valued at $275,562,000 and $126,985,000, respectively, which settled shortly afterwards. |
Corporate Bonds – Communications | 7.6% |
Corporate Bonds – Consumer Discretionary | 6.7 |
Corporate Bonds – Consumer Staples | 6.9 |
Corporate Bonds – Energy | 6.5 |
Corporate Bonds – Financials | 31.6 |
Corporate Bonds – Health Care | 9.3 |
Corporate Bonds – Industrials | 6.0 |
Corporate Bonds – Materials | 3.1 |
Corporate Bonds – Real Estate | 5.8 |
Corporate Bonds – Technology | 8.1 |
Corporate Bonds – Utilities | 8.4 |
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 $5,830) | 4.000% | 2/15/34 | 5,971 | 5,854 | ||
Corporate Bonds (98.6%) | ||||||
Communications (7.5%) | ||||||
Alphabet Inc. | 1.100% | 8/15/30 | 53,912 | 43,615 | ||
America Movil SAB de CV | 3.625% | 4/22/29 | 21,592 | 20,057 | ||
America Movil SAB de CV | 2.875% | 5/7/30 | 27,248 | 23,878 | ||
America Movil SAB de CV | 4.700% | 7/21/32 | 22,055 | 21,156 | ||
AT&T Inc. | 4.350% | 3/1/29 | 75,338 | 72,772 | ||
1 | AT&T Inc. | 4.300% | 2/15/30 | 94,104 | 89,811 | |
AT&T Inc. | 2.750% | 6/1/31 | 72,281 | 61,549 | ||
AT&T Inc. | 2.250% | 2/1/32 | 69,129 | 55,439 | ||
AT&T Inc. | 2.550% | 12/1/33 | 72,146 | 56,890 | ||
AT&T Inc. | 5.400% | 2/15/34 | 79,811 | 79,917 | ||
Baidu Inc. | 3.425% | 4/7/30 | 8,653 | 7,837 | ||
Baidu Inc. | 2.375% | 10/9/30 | 5,766 | 4,852 | ||
Baidu Inc. | 2.375% | 8/23/31 | 21,413 | 17,663 | ||
Bell Telephone Co. of Canada or Bell Canada | 5.100% | 5/11/33 | 26,176 | 25,899 | ||
Bell Telephone Co. of Canada or Bell Canada | 5.200% | 2/15/34 | 2,935 | 2,896 | ||
Booking Holdings Inc. | 4.625% | 4/13/30 | 49,048 | 48,199 | ||
British Telecommunications plc | 9.625% | 12/15/30 | 74,084 | 90,601 | ||
Charter Communications Operating LLC | 5.050% | 3/30/29 | 34,146 | 32,665 | ||
Charter Communications Operating LLC | 2.800% | 4/1/31 | 43,092 | 34,765 | ||
Charter Communications Operating LLC | 2.300% | 2/1/32 | 23,959 | 18,200 | ||
Charter Communications Operating LLC | 4.400% | 4/1/33 | 26,356 | 23,018 | ||
Charter Communications Operating LLC | 6.650% | 2/1/34 | 21,500 | 21,540 | ||
Comcast Corp. | 2.650% | 2/1/30 | 33,203 | 29,222 | ||
Comcast Corp. | 3.400% | 4/1/30 | 41,666 | 38,132 | ||
Comcast Corp. | 4.250% | 10/15/30 | 39,893 | 38,125 | ||
Comcast Corp. | 1.950% | 1/15/31 | 37,946 | 31,161 | ||
Comcast Corp. | 1.500% | 2/15/31 | 49,460 | 39,410 | ||
Comcast Corp. | 5.500% | 11/15/32 | 25,150 | 25,779 | ||
Comcast Corp. | 4.250% | 1/15/33 | 43,277 | 40,536 | ||
Comcast Corp. | 4.650% | 2/15/33 | 27,894 | 27,082 | ||
Comcast Corp. | 7.050% | 3/15/33 | 15,409 | 17,320 | ||
Comcast Corp. | 4.800% | 5/15/33 | 30,499 | 29,801 | ||
Deutsche Telekom International Finance BV | 8.750% | 6/15/30 | 92,086 | 108,594 | ||
Deutsche Telekom International Finance BV | 9.250% | 6/1/32 | 10,716 | 13,523 | ||
Discovery Communications LLC | 4.125% | 5/15/29 | 22,427 | 20,725 | ||
Discovery Communications LLC | 3.625% | 5/15/30 | 25,024 | 21,992 | ||
Electronic Arts Inc. | 1.850% | 2/15/31 | 20,276 | 16,503 | ||
Expedia Group Inc. | 3.250% | 2/15/30 | 27,152 | 24,195 | ||
Expedia Group Inc. | 2.950% | 3/15/31 | 22,357 | 19,139 | ||
FactSet Research Systems Inc. | 3.450% | 3/1/32 | 13,708 | 11,917 | ||
Fox Corp. | 3.500% | 4/8/30 | 19,270 | 17,337 | ||
Fox Corp. | 6.500% | 10/13/33 | 34,384 | 36,110 | ||
Grupo Televisa SAB | 8.500% | 3/11/32 | 6,269 | 7,211 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Interpublic Group of Cos. Inc. | 4.750% | 3/30/30 | 22,950 | 22,320 | ||
Interpublic Group of Cos. Inc. | 2.400% | 3/1/31 | 7,075 | 5,893 | ||
Koninklijke KPN NV | 8.375% | 10/1/30 | 15,855 | 18,481 | ||
Meta Platforms Inc. | 4.800% | 5/15/30 | 40,531 | 40,521 | ||
Meta Platforms Inc. | 3.850% | 8/15/32 | 75,494 | 69,926 | ||
Meta Platforms Inc. | 4.950% | 5/15/33 | 37,198 | 37,225 | ||
Netflix Inc. | 6.375% | 5/15/29 | 23,147 | 24,600 | ||
Omnicom Group Inc. | 2.450% | 4/30/30 | 14,818 | 12,672 | ||
Omnicom Group Inc. | 4.200% | 6/1/30 | 15,268 | 14,444 | ||
Omnicom Group Inc. | 2.600% | 8/1/31 | 16,982 | 14,255 | ||
Orange SA | 9.000% | 3/1/31 | 67,617 | 81,710 | ||
Paramount Global | 4.200% | 6/1/29 | 14,471 | 12,743 | ||
Paramount Global | 7.875% | 7/30/30 | 25,440 | 25,972 | ||
Paramount Global | 4.950% | 1/15/31 | 28,236 | 24,725 | ||
Paramount Global | 4.200% | 5/19/32 | 25,191 | 20,530 | ||
Paramount Global | 5.500% | 5/15/33 | 11,262 | 9,750 | ||
Rogers Communications Inc. | 3.800% | 3/15/32 | 51,867 | 46,078 | ||
Rogers Communications Inc. | 5.300% | 2/15/34 | 20,000 | 19,634 | ||
Sprint Capital Corp. | 8.750% | 3/15/32 | 52,906 | 63,932 | ||
Take-Two Interactive Software Inc. | 4.000% | 4/14/32 | 15,253 | 13,984 | ||
Telefonica Europe BV | 8.250% | 9/15/30 | 26,764 | 30,378 | ||
TELUS Corp. | 3.400% | 5/13/32 | 23,750 | 20,606 | ||
Tencent Music Entertainment Group | 2.000% | 9/3/30 | 13,226 | 10,766 | ||
Time Warner Cable Enterprises LLC | 8.375% | 7/15/33 | 26,697 | 29,607 | ||
T-Mobile USA Inc. | 2.400% | 3/15/29 | 18,776 | 16,517 | ||
T-Mobile USA Inc. | 3.375% | 4/15/29 | 45,145 | 41,465 | ||
T-Mobile USA Inc. | 3.875% | 4/15/30 | 166,321 | 154,438 | ||
T-Mobile USA Inc. | 2.550% | 2/15/31 | 64,771 | 54,579 | ||
T-Mobile USA Inc. | 2.875% | 2/15/31 | 50,175 | 43,162 | ||
T-Mobile USA Inc. | 3.500% | 4/15/31 | 71,264 | 63,771 | ||
T-Mobile USA Inc. | 2.250% | 11/15/31 | 28,258 | 22,927 | ||
T-Mobile USA Inc. | 2.700% | 3/15/32 | 38,438 | 31,944 | ||
T-Mobile USA Inc. | 5.200% | 1/15/33 | 22,801 | 22,655 | ||
T-Mobile USA Inc. | 5.050% | 7/15/33 | 83,735 | 81,910 | ||
1 | TWDC Enterprises 18 Corp. | 7.000% | 3/1/32 | 9,980 | 11,291 | |
VeriSign Inc. | 2.700% | 6/15/31 | 20,300 | 16,874 | ||
Verizon Communications Inc. | 4.016% | 12/3/29 | 110,528 | 104,910 | ||
Verizon Communications Inc. | 3.150% | 3/22/30 | 38,877 | 34,803 | ||
Verizon Communications Inc. | 1.500% | 9/18/30 | 15,123 | 12,133 | ||
Verizon Communications Inc. | 1.680% | 10/30/30 | 31,193 | 25,101 | ||
Verizon Communications Inc. | 7.750% | 12/1/30 | 17,189 | 19,610 | ||
Verizon Communications Inc. | 1.750% | 1/20/31 | 61,127 | 49,020 | ||
Verizon Communications Inc. | 2.550% | 3/21/31 | 107,861 | 90,870 | ||
Verizon Communications Inc. | 2.355% | 3/15/32 | 111,035 | 89,932 | ||
Verizon Communications Inc. | 5.050% | 5/9/33 | 35,540 | 35,185 | ||
Verizon Communications Inc. | 4.500% | 8/10/33 | 65,790 | 61,996 | ||
Vodafone Group plc | 7.875% | 2/15/30 | 18,089 | 20,510 | ||
Vodafone Group plc | 6.250% | 11/30/32 | 9,774 | 10,376 | ||
Walt Disney Co. | 2.000% | 9/1/29 | 51,649 | 44,526 | ||
Walt Disney Co. | 3.800% | 3/22/30 | 35,364 | 33,367 | ||
Walt Disney Co. | 2.650% | 1/13/31 | 63,050 | 54,772 | ||
Walt Disney Co. | 6.550% | 3/15/33 | 7,098 | 7,915 | ||
Warnermedia Holdings Inc. | 4.054% | 3/15/29 | 35,426 | 32,740 | ||
Warnermedia Holdings Inc. | 4.279% | 3/15/32 | 128,711 | 113,593 | ||
Weibo Corp. | 3.375% | 7/8/30 | 20,536 | 17,623 | ||
WPP Finance 2010 | 3.750% | 9/19/24 | 1 | 1 | ||
3,558,301 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Consumer Discretionary (6.6%) | ||||||
Alibaba Group Holding Ltd. | 2.125% | 2/9/31 | 43,993 | 36,390 | ||
Amazon.com Inc. | 3.450% | 4/13/29 | 27,493 | 26,041 | ||
Amazon.com Inc. | 4.650% | 12/1/29 | 37,188 | 37,208 | ||
Amazon.com Inc. | 1.500% | 6/3/30 | 61,785 | 51,085 | ||
Amazon.com Inc. | 2.100% | 5/12/31 | 96,693 | 81,142 | ||
Amazon.com Inc. | 3.600% | 4/13/32 | 57,109 | 52,645 | ||
Amazon.com Inc. | 4.700% | 12/1/32 | 45,869 | 45,652 | ||
1 | American Honda Finance Corp. | 2.250% | 1/12/29 | 5,391 | 4,787 | |
American Honda Finance Corp. | 4.600% | 4/17/30 | 15,471 | 15,152 | ||
1 | American Honda Finance Corp. | 4.900% | 1/10/34 | 35,263 | 34,395 | |
Aptiv plc | 4.350% | 3/15/29 | 7,421 | 7,171 | ||
Aptiv plc | 3.250% | 3/1/32 | 22,512 | 19,412 | ||
AutoNation Inc. | 4.750% | 6/1/30 | 12,707 | 12,081 | ||
AutoNation Inc. | 2.400% | 8/1/31 | 11,914 | 9,433 | ||
AutoNation Inc. | 3.850% | 3/1/32 | 18,548 | 16,187 | ||
AutoZone Inc. | 3.750% | 4/18/29 | 20,700 | 19,432 | ||
AutoZone Inc. | 4.000% | 4/15/30 | 20,412 | 19,187 | ||
AutoZone Inc. | 1.650% | 1/15/31 | 23,960 | 19,060 | ||
AutoZone Inc. | 4.750% | 8/1/32 | 17,719 | 17,026 | ||
AutoZone Inc. | 4.750% | 2/1/33 | 12,147 | 11,635 | ||
AutoZone Inc. | 5.200% | 8/1/33 | 4,963 | 4,918 | ||
AutoZone Inc. | 6.550% | 11/1/33 | 11,774 | 12,708 | ||
Best Buy Co. Inc. | 4.450% | 10/1/28 | 6,353 | 6,222 | ||
Best Buy Co. Inc. | 1.950% | 10/1/30 | 17,800 | 14,619 | ||
Block Financial LLC | 3.875% | 8/15/30 | 17,236 | 15,539 | ||
BorgWarner Inc. | 3.375% | 3/15/25 | 1 | 1 | ||
BorgWarner Inc. | 2.650% | 7/1/27 | 1 | — | ||
Brunswick Corp. | 2.400% | 8/18/31 | 14,747 | 11,604 | ||
Brunswick Corp. | 4.400% | 9/15/32 | 11,606 | 10,352 | ||
Choice Hotels International Inc. | 3.700% | 12/1/29 | 11,056 | 9,690 | ||
Choice Hotels International Inc. | 3.700% | 1/15/31 | 6,457 | 5,548 | ||
Darden Restaurants Inc. | 6.300% | 10/10/33 | 13,378 | 13,960 | ||
Dick's Sporting Goods Inc. | 3.150% | 1/15/32 | 21,332 | 17,872 | ||
eBay Inc. | 2.700% | 3/11/30 | 27,197 | 23,763 | ||
eBay Inc. | 2.600% | 5/10/31 | 17,074 | 14,472 | ||
eBay Inc. | 6.300% | 11/22/32 | 12,183 | 12,920 | ||
1 | Emory University | 2.143% | 9/1/30 | 10,745 | 9,162 | |
Ford Motor Co. | 9.625% | 4/22/30 | 15,528 | 18,154 | ||
Ford Motor Co. | 7.450% | 7/16/31 | 26,990 | 29,071 | ||
Ford Motor Co. | 3.250% | 2/12/32 | 71,824 | 58,960 | ||
Ford Motor Co. | 6.100% | 8/19/32 | 52,598 | 52,453 | ||
Ford Motor Credit Co. LLC | 5.113% | 5/3/29 | 31,120 | 29,994 | ||
Ford Motor Credit Co. LLC | 7.350% | 3/6/30 | 37,449 | 39,654 | ||
Ford Motor Credit Co. LLC | 7.200% | 6/10/30 | 22,577 | 23,814 | ||
Ford Motor Credit Co. LLC | 4.000% | 11/13/30 | 35,983 | 31,808 | ||
Ford Motor Credit Co. LLC | 6.050% | 3/5/31 | 28,011 | 27,885 | ||
Ford Motor Credit Co. LLC | 3.625% | 6/17/31 | 12,382 | 10,553 | ||
Ford Motor Credit Co. LLC | 7.122% | 11/7/33 | 36,254 | 38,678 | ||
Fortune Brands Innovations Inc. | 3.250% | 9/15/29 | 19,767 | 17,858 | ||
Fortune Brands Innovations Inc. | 4.000% | 3/25/32 | 7,465 | 6,770 | ||
Fortune Brands Innovations Inc. | 5.875% | 6/1/33 | 17,780 | 18,060 | ||
General Motors Co. | 5.400% | 10/15/29 | 31,115 | 31,013 | ||
General Motors Co. | 5.600% | 10/15/32 | 37,504 | 37,395 | ||
General Motors Financial Co. Inc. | 4.300% | 4/6/29 | 34,431 | 32,655 | ||
General Motors Financial Co. Inc. | 5.850% | 4/6/30 | 30,871 | 31,306 | ||
General Motors Financial Co. Inc. | 3.600% | 6/21/30 | 29,236 | 26,220 | ||
General Motors Financial Co. Inc. | 2.350% | 1/8/31 | 11,472 | 9,349 | ||
General Motors Financial Co. Inc. | 5.750% | 2/8/31 | 18,000 | 17,948 | ||
General Motors Financial Co. Inc. | 2.700% | 6/10/31 | 34,789 | 28,625 | ||
General Motors Financial Co. Inc. | 3.100% | 1/12/32 | 36,228 | 30,257 | ||
General Motors Financial Co. Inc. | 6.400% | 1/9/33 | 13,039 | 13,540 | ||
General Motors Financial Co. Inc. | 6.100% | 1/7/34 | 39,955 | 40,360 | ||
Genuine Parts Co. | 1.875% | 11/1/30 | 12,487 | 10,021 | ||
Genuine Parts Co. | 2.750% | 2/1/32 | 10,327 | 8,487 | ||
Genuine Parts Co. | 6.875% | 11/1/33 | 9,870 | 10,781 | ||
GXO Logistics Inc. | 2.650% | 7/15/31 | 6,870 | 5,580 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Hasbro Inc. | 3.900% | 11/19/29 | 26,914 | 24,696 | ||
Home Depot Inc. | 4.900% | 4/15/29 | 17,105 | 17,166 | ||
Home Depot Inc. | 2.950% | 6/15/29 | 37,167 | 33,925 | ||
Home Depot Inc. | 2.700% | 4/15/30 | 41,230 | 36,473 | ||
Home Depot Inc. | 1.375% | 3/15/31 | 46,145 | 36,506 | ||
Home Depot Inc. | 1.875% | 9/15/31 | 44,625 | 36,156 | ||
Home Depot Inc. | 3.250% | 4/15/32 | 47,059 | 41,736 | ||
Home Depot Inc. | 4.500% | 9/15/32 | 21,650 | 21,159 | ||
Honda Motor Co. Ltd. | 2.967% | 3/10/32 | 17,931 | 15,744 | ||
Hyatt Hotels Corp. | 5.750% | 4/23/30 | 9,667 | 9,851 | ||
JD.com Inc. | 3.375% | 1/14/30 | 16,628 | 15,002 | ||
1 | Johns Hopkins University | 4.705% | 7/1/32 | 7,945 | 7,990 | |
Lear Corp. | 4.250% | 5/15/29 | 11,709 | 11,142 | ||
Lear Corp. | 3.500% | 5/30/30 | 9,171 | 8,196 | ||
Lear Corp. | 2.600% | 1/15/32 | 3,838 | 3,124 | ||
Leggett & Platt Inc. | 4.400% | 3/15/29 | 17,270 | 16,362 | ||
Lowe's Cos. Inc. | 3.650% | 4/5/29 | 37,968 | 35,798 | ||
Lowe's Cos. Inc. | 4.500% | 4/15/30 | 39,536 | 38,409 | ||
Lowe's Cos. Inc. | 1.700% | 10/15/30 | 30,381 | 24,633 | ||
Lowe's Cos. Inc. | 2.625% | 4/1/31 | 39,310 | 33,521 | ||
Lowe's Cos. Inc. | 3.750% | 4/1/32 | 36,478 | 33,104 | ||
Lowe's Cos. Inc. | 5.000% | 4/15/33 | 20,595 | 20,296 | ||
Lowe's Cos. Inc. | 5.150% | 7/1/33 | 38,406 | 38,222 | ||
Magna International Inc. | 2.450% | 6/15/30 | 19,051 | 16,386 | ||
Magna International Inc. | 5.500% | 3/21/33 | 13,545 | 13,875 | ||
Marriott International Inc. | 4.900% | 4/15/29 | 17,276 | 17,065 | ||
1 | Marriott International Inc. | 4.625% | 6/15/30 | 22,140 | 21,424 | |
1 | Marriott International Inc. | 2.850% | 4/15/31 | 40,620 | 34,670 | |
1 | Marriott International Inc. | 3.500% | 10/15/32 | 37,940 | 33,092 | |
1 | Marriott International Inc. | 2.750% | 10/15/33 | 9,718 | 7,823 | |
Marriott International Inc. | 5.300% | 5/15/34 | 9,800 | 9,646 | ||
Masco Corp. | 2.000% | 10/1/30 | 7,904 | 6,431 | ||
Masco Corp. | 2.000% | 2/15/31 | 16,206 | 13,160 | ||
1 | McDonald's Corp. | 2.625% | 9/1/29 | 25,613 | 22,911 | |
1 | McDonald's Corp. | 2.125% | 3/1/30 | 12,366 | 10,581 | |
1 | McDonald's Corp. | 3.600% | 7/1/30 | 28,773 | 26,645 | |
1 | McDonald's Corp. | 4.600% | 9/9/32 | 12,879 | 12,574 | |
McDonald's Corp. | 4.950% | 8/14/33 | 18,500 | 18,331 | ||
MDC Holdings Inc. | 3.850% | 1/15/30 | 3,940 | 3,634 | ||
MDC Holdings Inc. | 2.500% | 1/15/31 | 14,561 | 12,304 | ||
2 | Mercedes-Benz Finance North America LLC | 3.100% | 8/15/29 | 37 | 34 | |
Mercedes-Benz Finance North America LLC | 8.500% | 1/18/31 | 42,263 | 51,281 | ||
2 | Mercedes-Benz Finance North America LLC | 2.450% | 3/2/31 | 120 | 102 | |
Mohawk Industries Inc. | 3.625% | 5/15/30 | 12,251 | 11,148 | ||
NIKE Inc. | 2.850% | 3/27/30 | 34,572 | 31,076 | ||
NVR Inc. | 3.000% | 5/15/30 | 25,409 | 22,394 | ||
O'Reilly Automotive Inc. | 3.900% | 6/1/29 | 13,383 | 12,694 | ||
O'Reilly Automotive Inc. | 4.200% | 4/1/30 | 12,916 | 12,260 | ||
O'Reilly Automotive Inc. | 1.750% | 3/15/31 | 4,465 | 3,579 | ||
O'Reilly Automotive Inc. | 4.700% | 6/15/32 | 26,417 | 25,546 | ||
Owens Corning | 3.950% | 8/15/29 | 13,557 | 12,789 | ||
Owens Corning | 3.875% | 6/1/30 | 8,275 | 7,628 | ||
Polaris Inc. | 6.950% | 3/15/29 | 10,000 | 10,544 | ||
PulteGroup Inc. | 7.875% | 6/15/32 | 8,067 | 9,330 | ||
PulteGroup Inc. | 6.375% | 5/15/33 | 8,775 | 9,278 | ||
Ralph Lauren Corp. | 2.950% | 6/15/30 | 19,851 | 17,650 | ||
Ross Stores Inc. | 1.875% | 4/15/31 | 12,983 | 10,545 | ||
Sands China Ltd. | 3.100% | 3/8/29 | 17,395 | 14,984 | ||
Sands China Ltd. | 4.625% | 6/18/30 | 16,365 | 14,886 | ||
Sands China Ltd. | 3.250% | 8/8/31 | 15,195 | 12,605 | ||
Stanley Black & Decker Inc. | 2.300% | 3/15/30 | 12,895 | 10,825 | ||
Stanley Black & Decker Inc. | 3.000% | 5/15/32 | 10,191 | 8,606 | ||
Starbucks Corp. | 3.550% | 8/15/29 | 26,665 | 24,997 | ||
Starbucks Corp. | 2.250% | 3/12/30 | 23,897 | 20,436 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Starbucks Corp. | 2.550% | 11/15/30 | 44,409 | 38,122 | ||
Starbucks Corp. | 4.900% | 2/15/31 | 10,000 | 9,880 | ||
Starbucks Corp. | 3.000% | 2/14/32 | 27,959 | 24,223 | ||
Starbucks Corp. | 4.800% | 2/15/33 | 9,922 | 9,783 | ||
Starbucks Corp. | 5.000% | 2/15/34 | 10,000 | 9,841 | ||
Tapestry Inc. | 7.700% | 11/27/30 | 21,380 | 22,713 | ||
1 | Tapestry Inc. | 3.050% | 3/15/32 | 12,476 | 10,113 | |
Tapestry Inc. | 7.850% | 11/27/33 | 33,114 | 35,828 | ||
TJX Cos. Inc. | 3.875% | 4/15/30 | 8,913 | 8,451 | ||
TJX Cos. Inc. | 1.600% | 5/15/31 | 8,230 | 6,633 | ||
Toll Brothers Finance Corp. | 3.800% | 11/1/29 | 10,782 | 9,912 | ||
Toyota Motor Corp. | 2.760% | 7/2/29 | 14,342 | 13,208 | ||
Toyota Motor Corp. | 2.362% | 3/25/31 | 12,471 | 10,745 | ||
Toyota Motor Corp. | 5.123% | 7/13/33 | 3,643 | 3,818 | ||
Toyota Motor Credit Corp. | 3.650% | 1/8/29 | 25 | 24 | ||
1 | Toyota Motor Credit Corp. | 4.450% | 6/29/29 | 21,629 | 21,237 | |
1 | Toyota Motor Credit Corp. | 2.150% | 2/13/30 | 20,278 | 17,421 | |
1 | Toyota Motor Credit Corp. | 3.375% | 4/1/30 | 27,382 | 25,168 | |
Toyota Motor Credit Corp. | 4.550% | 5/17/30 | 24,197 | 23,692 | ||
Toyota Motor Credit Corp. | 5.550% | 11/20/30 | 27,149 | 28,024 | ||
1 | Toyota Motor Credit Corp. | 1.650% | 1/10/31 | 14,771 | 11,985 | |
Toyota Motor Credit Corp. | 1.900% | 9/12/31 | 13,386 | 10,876 | ||
1 | Toyota Motor Credit Corp. | 2.400% | 1/13/32 | 4,953 | 4,143 | |
Toyota Motor Credit Corp. | 4.700% | 1/12/33 | 13,035 | 12,854 | ||
1 | Toyota Motor Credit Corp. | 4.800% | 1/5/34 | 22,930 | 22,350 | |
Tractor Supply Co. | 1.750% | 11/1/30 | 17,688 | 14,242 | ||
Tractor Supply Co. | 5.250% | 5/15/33 | 20,243 | 20,117 | ||
VF Corp. | 2.950% | 4/23/30 | 20,498 | 16,909 | ||
Whirlpool Corp. | 4.750% | 2/26/29 | 470 | 459 | ||
Whirlpool Corp. | 2.400% | 5/15/31 | 3,507 | 2,876 | ||
Whirlpool Corp. | 4.700% | 5/14/32 | 6,859 | 6,484 | ||
Whirlpool Corp. | 5.500% | 3/1/33 | 9,540 | 9,459 | ||
Whirlpool Corp. | 5.750% | 3/1/34 | 7,875 | 7,832 | ||
1 | Yale University | 1.482% | 4/15/30 | 13,007 | 10,859 | |
3,130,981 | ||||||
Consumer Staples (6.8%) | ||||||
Ahold Finance USA LLC | 6.875% | 5/1/29 | 7,108 | 7,711 | ||
Altria Group Inc. | 3.400% | 5/6/30 | 13,079 | 11,771 | ||
Altria Group Inc. | 2.450% | 2/4/32 | 51,183 | 40,970 | ||
Altria Group Inc. | 6.875% | 11/1/33 | 12,145 | 13,079 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.750% | 1/23/29 | 23,208 | 23,051 | ||
Anheuser-Busch InBev Worldwide Inc. | 3.500% | 6/1/30 | 46,378 | 42,858 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.900% | 1/23/31 | 15,932 | 16,015 | ||
Archer-Daniels-Midland Co. | 3.250% | 3/27/30 | 21,729 | 19,658 | ||
Archer-Daniels-Midland Co. | 2.900% | 3/1/32 | 22,613 | 19,270 | ||
Archer-Daniels-Midland Co. | 5.935% | 10/1/32 | 4,280 | 4,527 | ||
Archer-Daniels-Midland Co. | 4.500% | 8/15/33 | 2,848 | 2,714 | ||
Avery Dennison Corp. | 4.875% | 12/6/28 | 6,374 | 6,310 | ||
Avery Dennison Corp. | 2.650% | 4/30/30 | 14,452 | 12,571 | ||
Avery Dennison Corp. | 2.250% | 2/15/32 | 6,615 | 5,371 | ||
Avery Dennison Corp. | 5.750% | 3/15/33 | 10,566 | 10,936 | ||
BAT Capital Corp. | 3.462% | 9/6/29 | 12,450 | 11,265 | ||
BAT Capital Corp. | 4.906% | 4/2/30 | 29,249 | 28,413 | ||
BAT Capital Corp. | 6.343% | 8/2/30 | 32,442 | 33,483 | ||
BAT Capital Corp. | 5.834% | 2/20/31 | 11,000 | 10,960 | ||
BAT Capital Corp. | 2.726% | 3/25/31 | 35,665 | 29,403 | ||
BAT Capital Corp. | 4.742% | 3/16/32 | 31,811 | 29,919 | ||
BAT Capital Corp. | 7.750% | 10/19/32 | 17,351 | 19,347 | ||
BAT Capital Corp. | 6.421% | 8/2/33 | 30,756 | 31,568 | ||
BAT Capital Corp. | 6.000% | 2/20/34 | 11,003 | 10,896 | ||
BAT International Finance plc | 5.931% | 2/2/29 | 9,735 | 9,937 | ||
Brown-Forman Corp. | 4.750% | 4/15/33 | 18,585 | 18,322 | ||
Bunge Ltd. Finance Corp. | 2.750% | 5/14/31 | 27,022 | 22,990 | ||
Campbell Soup Co. | 2.375% | 4/24/30 | 24,138 | 20,495 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Church & Dwight Co. Inc. | 2.300% | 12/15/31 | 4,215 | 3,478 | ||
Church & Dwight Co. Inc. | 5.600% | 11/15/32 | 18,065 | 18,732 | ||
Clorox Co. | 4.400% | 5/1/29 | 13,464 | 13,122 | ||
Clorox Co. | 1.800% | 5/15/30 | 13,192 | 10,898 | ||
Clorox Co. | 4.600% | 5/1/32 | 16,263 | 15,779 | ||
Coca-Cola Co. | 2.125% | 9/6/29 | 21,956 | 19,318 | ||
Coca-Cola Co. | 3.450% | 3/25/30 | 28,718 | 26,788 | ||
Coca-Cola Co. | 1.650% | 6/1/30 | 29,685 | 24,793 | ||
Coca-Cola Co. | 2.000% | 3/5/31 | 29,459 | 24,642 | ||
Coca-Cola Co. | 1.375% | 3/15/31 | 47,107 | 37,709 | ||
Coca-Cola Co. | 2.250% | 1/5/32 | 45,617 | 38,410 | ||
Coca-Cola Femsa SAB de CV | 2.750% | 1/22/30 | 28,341 | 25,061 | ||
Coca-Cola Femsa SAB de CV | 1.850% | 9/1/32 | 18,739 | 14,586 | ||
Colgate-Palmolive Co. | 3.250% | 8/15/32 | 10,915 | 9,782 | ||
Colgate-Palmolive Co. | 4.600% | 3/1/33 | 11,906 | 11,817 | ||
Conagra Brands Inc. | 8.250% | 9/15/30 | 6,569 | 7,543 | ||
Constellation Brands Inc. | 3.150% | 8/1/29 | 24,317 | 22,061 | ||
Constellation Brands Inc. | 2.875% | 5/1/30 | 16,474 | 14,465 | ||
Constellation Brands Inc. | 2.250% | 8/1/31 | 34,619 | 28,234 | ||
Constellation Brands Inc. | 4.750% | 5/9/32 | 15,919 | 15,378 | ||
Constellation Brands Inc. | 4.900% | 5/1/33 | 21,161 | 20,542 | ||
Costco Wholesale Corp. | 1.600% | 4/20/30 | 50,269 | 41,861 | ||
Costco Wholesale Corp. | 1.750% | 4/20/32 | 34,282 | 27,410 | ||
Diageo Capital plc | 2.375% | 10/24/29 | 31,417 | 27,583 | ||
Diageo Capital plc | 2.000% | 4/29/30 | 34,243 | 28,857 | ||
Diageo Capital plc | 2.125% | 4/29/32 | 27,801 | 22,464 | ||
Diageo Capital plc | 5.500% | 1/24/33 | 24,411 | 25,064 | ||
Diageo Capital plc | 5.625% | 10/5/33 | 22,326 | 23,176 | ||
Dollar General Corp. | 3.500% | 4/3/30 | 38,548 | 34,859 | ||
Dollar General Corp. | 5.000% | 11/1/32 | 17,436 | 16,930 | ||
Dollar General Corp. | 5.450% | 7/5/33 | 24,396 | 24,209 | ||
Dollar Tree Inc. | 2.650% | 12/1/31 | 21,695 | 18,061 | ||
Estee Lauder Cos. Inc. | 2.375% | 12/1/29 | 11,367 | 9,932 | ||
Estee Lauder Cos. Inc. | 2.600% | 4/15/30 | 21,641 | 18,937 | ||
Estee Lauder Cos. Inc. | 1.950% | 3/15/31 | 21,174 | 17,358 | ||
Estee Lauder Cos. Inc. | 4.650% | 5/15/33 | 13,534 | 13,128 | ||
Flowers Foods Inc. | 2.400% | 3/15/31 | 12,123 | 10,127 | ||
General Mills Inc. | 2.875% | 4/15/30 | 16,878 | 14,902 | ||
General Mills Inc. | 2.250% | 10/14/31 | 19,585 | 16,051 | ||
General Mills Inc. | 4.950% | 3/29/33 | 30,942 | 30,372 | ||
Haleon US Capital LLC | 3.375% | 3/24/29 | 26,953 | 24,901 | ||
Haleon US Capital LLC | 3.625% | 3/24/32 | 50,524 | 45,235 | ||
Hershey Co. | 1.700% | 6/1/30 | 9,400 | 7,844 | ||
Hershey Co. | 4.500% | 5/4/33 | 14,297 | 13,988 | ||
Hormel Foods Corp. | 1.800% | 6/11/30 | 26,620 | 22,091 | ||
Ingredion Inc. | 2.900% | 6/1/30 | 14,121 | 12,408 | ||
J M Smucker Co. | 2.375% | 3/15/30 | 4,110 | 3,525 | ||
J M Smucker Co. | 2.125% | 3/15/32 | 9,965 | 7,952 | ||
J M Smucker Co. | 6.200% | 11/15/33 | 34,166 | 36,143 | ||
JBS USA LUX SA | 5.500% | 1/15/30 | 34,537 | 33,642 | ||
JBS USA LUX SA | 3.750% | 12/1/31 | 20,427 | 17,359 | ||
JBS USA LUX SA | 3.625% | 1/15/32 | 25,227 | 21,213 | ||
JBS USA LUX SA | 3.000% | 5/15/32 | 18,395 | 14,724 | ||
JBS USA LUX SA | 5.750% | 4/1/33 | 46,627 | 45,207 | ||
Kellanova | 2.100% | 6/1/30 | 13,262 | 11,160 | ||
1 | Kellanova | 7.450% | 4/1/31 | 10,844 | 12,132 | |
Kellanova | 5.250% | 3/1/33 | 10,732 | 10,653 | ||
Kenvue Inc. | 5.000% | 3/22/30 | 28,922 | 28,981 | ||
Kenvue Inc. | 4.900% | 3/22/33 | 32,108 | 31,746 | ||
Keurig Dr Pepper Inc. | 3.950% | 4/15/29 | 26,331 | 25,067 | ||
Keurig Dr Pepper Inc. | 3.200% | 5/1/30 | 18,145 | 16,362 | ||
Keurig Dr Pepper Inc. | 2.250% | 3/15/31 | 18,688 | 15,517 | ||
Keurig Dr Pepper Inc. | 4.050% | 4/15/32 | 28,282 | 26,233 | ||
Kimberly-Clark Corp. | 3.950% | 11/1/28 | 290 | 281 | ||
Kimberly-Clark Corp. | 3.200% | 4/25/29 | 15,875 | 14,730 | ||
Kimberly-Clark Corp. | 3.100% | 3/26/30 | 23,796 | 21,646 | ||
Kimberly-Clark Corp. | 2.000% | 11/2/31 | 16,760 | 13,773 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Kraft Heinz Foods Co. | 3.750% | 4/1/30 | 25,335 | 23,619 | ||
Kraft Heinz Foods Co. | 4.250% | 3/1/31 | 20,583 | 19,546 | ||
Kraft Heinz Foods Co. | 6.750% | 3/15/32 | 6,888 | 7,577 | ||
1 | Kroger Co. | 7.700% | 6/1/29 | 1,805 | 2,005 | |
Kroger Co. | 2.200% | 5/1/30 | 14,476 | 12,172 | ||
Kroger Co. | 1.700% | 1/15/31 | 15,205 | 12,117 | ||
Kroger Co. | 7.500% | 4/1/31 | 14,440 | 16,290 | ||
McCormick & Co. Inc. | 2.500% | 4/15/30 | 7,297 | 6,245 | ||
McCormick & Co. Inc. | 1.850% | 2/15/31 | 8,499 | 6,832 | ||
McCormick & Co. Inc. | 4.950% | 4/15/33 | 12,156 | 11,864 | ||
Mondelez International Inc. | 2.750% | 4/13/30 | 16,197 | 14,304 | ||
Mondelez International Inc. | 1.500% | 2/4/31 | 12,841 | 10,206 | ||
Mondelez International Inc. | 3.000% | 3/17/32 | 23,614 | 20,355 | ||
Mondelez International Inc. | 1.875% | 10/15/32 | 13,477 | 10,606 | ||
PepsiCo Inc. | 7.000% | 3/1/29 | 15,355 | 16,925 | ||
PepsiCo Inc. | 2.625% | 7/29/29 | 38,007 | 34,239 | ||
PepsiCo Inc. | 2.750% | 3/19/30 | 48,510 | 43,275 | ||
PepsiCo Inc. | 1.625% | 5/1/30 | 40,271 | 33,476 | ||
PepsiCo Inc. | 1.400% | 2/25/31 | 26,029 | 20,809 | ||
PepsiCo Inc. | 1.950% | 10/21/31 | 32,043 | 26,230 | ||
PepsiCo Inc. | 3.900% | 7/18/32 | 33,208 | 31,171 | ||
Philip Morris International Inc. | 3.375% | 8/15/29 | 31,697 | 29,100 | ||
Philip Morris International Inc. | 5.625% | 11/17/29 | 38,402 | 39,324 | ||
Philip Morris International Inc. | 5.125% | 2/15/30 | 48,178 | 47,944 | ||
Philip Morris International Inc. | 2.100% | 5/1/30 | 23,438 | 19,751 | ||
Philip Morris International Inc. | 5.500% | 9/7/30 | 9,901 | 9,989 | ||
Philip Morris International Inc. | 1.750% | 11/1/30 | 19,130 | 15,453 | ||
Philip Morris International Inc. | 5.125% | 2/13/31 | 16,000 | 15,743 | ||
Philip Morris International Inc. | 5.750% | 11/17/32 | 39,470 | 40,230 | ||
Philip Morris International Inc. | 5.375% | 2/15/33 | 69,951 | 69,670 | ||
Philip Morris International Inc. | 5.625% | 9/7/33 | 18,416 | 18,586 | ||
Philip Morris International Inc. | 5.250% | 2/13/34 | 33,548 | 32,778 | ||
Pilgrim's Pride Corp. | 4.250% | 4/15/31 | 27,034 | 24,153 | ||
Pilgrim's Pride Corp. | 3.500% | 3/1/32 | 26,123 | 21,831 | ||
Pilgrim's Pride Corp. | 6.250% | 7/1/33 | 23,846 | 24,139 | ||
Procter & Gamble Co. | 3.000% | 3/25/30 | 34,243 | 31,334 | ||
Procter & Gamble Co. | 1.200% | 10/29/30 | 40,275 | 32,389 | ||
Procter & Gamble Co. | 1.950% | 4/23/31 | 19,133 | 16,094 | ||
Procter & Gamble Co. | 2.300% | 2/1/32 | 10,364 | 8,839 | ||
Procter & Gamble Co. | 4.050% | 1/26/33 | 17,136 | 16,506 | ||
Procter & Gamble Co. | 4.550% | 1/29/34 | 19,090 | 18,838 | ||
Sysco Corp. | 2.400% | 2/15/30 | 13,238 | 11,396 | ||
Sysco Corp. | 5.950% | 4/1/30 | 33,484 | 34,806 | ||
Sysco Corp. | 2.450% | 12/14/31 | 4,581 | 3,795 | ||
Sysco Corp. | 6.000% | 1/17/34 | 9,496 | 9,985 | ||
Target Corp. | 3.375% | 4/15/29 | 20,455 | 19,171 | ||
Target Corp. | 2.350% | 2/15/30 | 15,294 | 13,341 | ||
Target Corp. | 2.650% | 9/15/30 | 7,573 | 6,642 | ||
Target Corp. | 4.500% | 9/15/32 | 26,848 | 25,983 | ||
Target Corp. | 4.400% | 1/15/33 | 5,640 | 5,443 | ||
Tyson Foods Inc. | 4.350% | 3/1/29 | 20,091 | 19,332 | ||
Unilever Capital Corp. | 2.125% | 9/6/29 | 18,954 | 16,511 | ||
Unilever Capital Corp. | 1.375% | 9/14/30 | 6,877 | 5,557 | ||
Unilever Capital Corp. | 1.750% | 8/12/31 | 16,676 | 13,411 | ||
Unilever Capital Corp. | 5.900% | 11/15/32 | 21,940 | 23,345 | ||
Unilever Capital Corp. | 5.000% | 12/8/33 | 30,905 | 30,957 | ||
Walmart Inc. | 3.250% | 7/8/29 | 27,679 | 26,039 | ||
Walmart Inc. | 2.375% | 9/24/29 | 9,560 | 8,530 | ||
Walmart Inc. | 7.550% | 2/15/30 | 8,717 | 10,084 | ||
Walmart Inc. | 4.000% | 4/15/30 | 9,890 | 9,583 | ||
Walmart Inc. | 1.800% | 9/22/31 | 50,215 | 41,155 | ||
Walmart Inc. | 4.150% | 9/9/32 | 30,559 | 29,487 | ||
Walmart Inc. | 4.100% | 4/15/33 | 44,368 | 42,257 | ||
3,192,106 | ||||||
Energy (6.4%) | ||||||
Apache Corp. | 4.250% | 1/15/30 | 13,922 | 12,792 | ||
Baker Hughes Holdings LLC | 4.486% | 5/1/30 | 13,371 | 12,996 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Boardwalk Pipelines LP | 3.400% | 2/15/31 | 15,847 | 13,983 | ||
Boardwalk Pipelines LP | 3.600% | 9/1/32 | 12,781 | 11,100 | ||
BP Capital Markets America Inc. | 4.699% | 4/10/29 | 4,500 | 4,451 | ||
BP Capital Markets America Inc. | 3.633% | 4/6/30 | 38,170 | 35,570 | ||
BP Capital Markets America Inc. | 1.749% | 8/10/30 | 22,057 | 18,188 | ||
BP Capital Markets America Inc. | 2.721% | 1/12/32 | 48,990 | 41,555 | ||
BP Capital Markets America Inc. | 4.812% | 2/13/33 | 67,641 | 65,996 | ||
BP Capital Markets America Inc. | 4.893% | 9/11/33 | 45,575 | 44,704 | ||
BP Capital Markets America Inc. | 4.989% | 4/10/34 | 5,000 | 4,920 | ||
Burlington Resources LLC | 7.200% | 8/15/31 | 3,598 | 4,060 | ||
Burlington Resources LLC | 7.400% | 12/1/31 | 5,606 | 6,408 | ||
Canadian Natural Resources Ltd. | 2.950% | 7/15/30 | 19,227 | 16,719 | ||
Canadian Natural Resources Ltd. | 7.200% | 1/15/32 | 11,289 | 12,294 | ||
Canadian Natural Resources Ltd. | 6.450% | 6/30/33 | 6,504 | 6,838 | ||
Cenovus Energy Inc. | 2.650% | 1/15/32 | 12,818 | 10,488 | ||
Cheniere Corpus Christi Holdings LLC | 3.700% | 11/15/29 | 41,156 | 37,998 | ||
Cheniere Energy Partners LP | 4.500% | 10/1/29 | 14,290 | 13,395 | ||
Cheniere Energy Partners LP | 4.000% | 3/1/31 | 51,149 | 45,682 | ||
Cheniere Energy Partners LP | 3.250% | 1/31/32 | 43,358 | 36,238 | ||
2 | Cheniere Energy Partners LP | 5.950% | 6/30/33 | 35,023 | 35,162 | |
Chevron Corp. | 2.236% | 5/11/30 | 46,044 | 39,839 | ||
Chevron USA Inc. | 3.250% | 10/15/29 | 15,454 | 14,374 | ||
Conoco Funding Co. | 7.250% | 10/15/31 | 4,875 | 5,523 | ||
ConocoPhillips | 2.400% | 2/15/31 | 20,147 | 16,756 | ||
ConocoPhillips | 5.900% | 10/15/32 | 10,945 | 11,710 | ||
ConocoPhillips Co. | 6.950% | 4/15/29 | 34,608 | 37,935 | ||
ConocoPhillips Co. | 5.050% | 9/15/33 | 30,481 | 30,379 | ||
Coterra Energy Inc. | 4.375% | 3/15/29 | 10,798 | 10,400 | ||
DCP Midstream Operating LP | 5.125% | 5/15/29 | 16,188 | 15,987 | ||
DCP Midstream Operating LP | 3.250% | 2/15/32 | 9,314 | 7,938 | ||
Devon Energy Corp. | 4.500% | 1/15/30 | 18,118 | 17,284 | ||
Devon Energy Corp. | 7.875% | 9/30/31 | 14,223 | 16,188 | ||
Devon Energy Corp. | 7.950% | 4/15/32 | 7,328 | 8,352 | ||
Diamondback Energy Inc. | 3.500% | 12/1/29 | 35,837 | 32,896 | ||
Diamondback Energy Inc. | 3.125% | 3/24/31 | 23,340 | 20,458 | ||
Diamondback Energy Inc. | 6.250% | 3/15/33 | 26,349 | 27,691 | ||
Eastern Gas Transmission & Storage Inc. | 3.000% | 11/15/29 | 11,403 | 10,142 | ||
Enbridge Inc. | 3.125% | 11/15/29 | 18,044 | 16,301 | ||
Enbridge Inc. | 6.200% | 11/15/30 | 20,632 | 21,633 | ||
Enbridge Inc. | 5.700% | 3/8/33 | 63,297 | 64,070 | ||
Enbridge Inc. | 2.500% | 8/1/33 | 22,390 | 17,693 | ||
Energy Transfer LP | 5.250% | 4/15/29 | 45,369 | 45,192 | ||
Energy Transfer LP | 4.150% | 9/15/29 | 14,247 | 13,433 | ||
Energy Transfer LP | 3.750% | 5/15/30 | 58,581 | 53,449 | ||
Energy Transfer LP | 6.400% | 12/1/30 | 14,438 | 15,145 | ||
Energy Transfer LP | 5.750% | 2/15/33 | 44,496 | 44,770 | ||
Energy Transfer LP | 6.550% | 12/1/33 | 36,058 | 38,223 | ||
Energy Transfer LP | 5.550% | 5/15/34 | 10,820 | 10,713 | ||
Enterprise Products Operating LLC | 3.125% | 7/31/29 | 41,024 | 37,532 | ||
Enterprise Products Operating LLC | 2.800% | 1/31/30 | 38,431 | 34,119 | ||
Enterprise Products Operating LLC | 5.350% | 1/31/33 | 26,181 | 26,472 | ||
1 | Enterprise Products Operating LLC | 6.875% | 3/1/33 | 16,306 | 18,145 | |
Enterprise Products Operating LLC | 4.850% | 1/31/34 | 21,989 | 21,416 | ||
EOG Resources Inc. | 4.375% | 4/15/30 | 30,408 | 29,488 | ||
EQT Corp. | 7.000% | 2/1/30 | 15,991 | 16,938 | ||
Exxon Mobil Corp. | 2.440% | 8/16/29 | 28,415 | 25,381 | ||
Exxon Mobil Corp. | 3.482% | 3/19/30 | 47,509 | 44,324 | ||
Exxon Mobil Corp. | 2.610% | 10/15/30 | 45,357 | 39,779 | ||
Halliburton Co. | 2.920% | 3/1/30 | 33,765 | 29,988 | ||
Helmerich & Payne Inc. | 2.900% | 9/29/31 | 14,890 | 12,351 | ||
Hess Corp. | 7.875% | 10/1/29 | 9,206 | 10,323 | ||
Hess Corp. | 7.300% | 8/15/31 | 10,909 | 12,255 | ||
Hess Corp. | 7.125% | 3/15/33 | 14,430 | 16,181 | ||
HF Sinclair Corp. | 4.500% | 10/1/30 | 6,627 | 6,198 | ||
Kinder Morgan Energy Partners LP | 7.400% | 3/15/31 | 3,909 | 4,322 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Kinder Morgan Energy Partners LP | 7.300% | 8/15/33 | 5,363 | 5,953 | ||
Kinder Morgan Inc. | 2.000% | 2/15/31 | 27,664 | 22,436 | ||
1 | Kinder Morgan Inc. | 7.800% | 8/1/31 | 7,524 | 8,414 | |
1 | Kinder Morgan Inc. | 7.750% | 1/15/32 | 27,572 | 31,050 | |
Kinder Morgan Inc. | 4.800% | 2/1/33 | 20,083 | 18,950 | ||
Kinder Morgan Inc. | 5.200% | 6/1/33 | 46,613 | 45,340 | ||
Marathon Oil Corp. | 6.800% | 3/15/32 | 16,395 | 17,475 | ||
MPLX LP | 2.650% | 8/15/30 | 39,522 | 33,634 | ||
MPLX LP | 4.950% | 9/1/32 | 23,203 | 22,210 | ||
MPLX LP | 5.000% | 3/1/33 | 25,626 | 24,516 | ||
NOV Inc. | 3.600% | 12/1/29 | 13,687 | 12,485 | ||
Occidental Petroleum Corp. | 8.875% | 7/15/30 | 23,313 | 26,949 | ||
Occidental Petroleum Corp. | 6.625% | 9/1/30 | 38,681 | 40,705 | ||
Occidental Petroleum Corp. | 6.125% | 1/1/31 | 30,974 | 31,729 | ||
Occidental Petroleum Corp. | 7.500% | 5/1/31 | 22,242 | 24,570 | ||
Occidental Petroleum Corp. | 7.875% | 9/15/31 | 13,458 | 15,153 | ||
ONEOK Inc. | 4.350% | 3/15/29 | 25,859 | 24,895 | ||
ONEOK Inc. | 3.400% | 9/1/29 | 7,508 | 6,857 | ||
ONEOK Inc. | 3.100% | 3/15/30 | 30,994 | 27,459 | ||
ONEOK Inc. | 3.250% | 6/1/30 | 12,780 | 11,419 | ||
ONEOK Inc. | 5.800% | 11/1/30 | 8,932 | 9,143 | ||
ONEOK Inc. | 6.350% | 1/15/31 | 9,092 | 9,534 | ||
ONEOK Inc. | 6.100% | 11/15/32 | 21,396 | 22,161 | ||
ONEOK Inc. | 6.050% | 9/1/33 | 43,781 | 45,111 | ||
Ovintiv Inc. | 8.125% | 9/15/30 | 2,980 | 3,344 | ||
Ovintiv Inc. | 7.200% | 11/1/31 | 15,000 | 16,189 | ||
Ovintiv Inc. | 7.375% | 11/1/31 | 11,024 | 12,015 | ||
Ovintiv Inc. | 6.250% | 7/15/33 | 19,266 | 19,809 | ||
Patterson-UTI Energy Inc. | 5.150% | 11/15/29 | 8,364 | 8,040 | ||
Patterson-UTI Energy Inc. | 7.150% | 10/1/33 | 9,300 | 9,857 | ||
Phillips 66 | 2.150% | 12/15/30 | 17,302 | 14,377 | ||
Phillips 66 Co. | 3.150% | 12/15/29 | 11,401 | 10,280 | ||
Phillips 66 Co. | 5.250% | 6/15/31 | 22,500 | 22,445 | ||
Phillips 66 Co. | 5.300% | 6/30/33 | 24,491 | 24,300 | ||
Pioneer Natural Resources Co. | 1.900% | 8/15/30 | 44,306 | 36,933 | ||
Pioneer Natural Resources Co. | 2.150% | 1/15/31 | 34,528 | 28,915 | ||
Plains All American Pipeline LP | 3.550% | 12/15/29 | 33,421 | 30,298 | ||
Plains All American Pipeline LP | 3.800% | 9/15/30 | 22,377 | 20,386 | ||
Sabine Pass Liquefaction LLC | 4.500% | 5/15/30 | 59,823 | 57,271 | ||
Schlumberger Investment SA | 2.650% | 6/26/30 | 39,901 | 35,066 | ||
Schlumberger Investment SA | 4.850% | 5/15/33 | 15,131 | 14,974 | ||
Shell International Finance BV | 2.375% | 11/7/29 | 38,880 | 34,252 | ||
Shell International Finance BV | 2.750% | 4/6/30 | 47,341 | 42,141 | ||
Suncor Energy Inc. | 7.150% | 2/1/32 | 12,888 | 14,124 | ||
Targa Resources Corp. | 6.150% | 3/1/29 | 21,370 | 22,033 | ||
Targa Resources Corp. | 4.200% | 2/1/33 | 18,196 | 16,372 | ||
Targa Resources Corp. | 6.125% | 3/15/33 | 21,928 | 22,595 | ||
Targa Resources Partners LP | 6.875% | 1/15/29 | 9,742 | 10,045 | ||
Targa Resources Partners LP | 5.500% | 3/1/30 | 24,500 | 24,218 | ||
Targa Resources Partners LP | 4.875% | 2/1/31 | 27,238 | 25,847 | ||
Targa Resources Partners LP | 4.000% | 1/15/32 | 26,992 | 24,089 | ||
Texas Eastern Transmission LP | 7.000% | 7/15/32 | 6,072 | 6,716 | ||
TotalEnergies Capital International SA | 2.829% | 1/10/30 | 33,065 | 29,702 | ||
TransCanada PipeLines Ltd. | 4.100% | 4/15/30 | 36,087 | 33,801 | ||
TransCanada PipeLines Ltd. | 2.500% | 10/12/31 | 28,839 | 23,633 | ||
Transcontinental Gas Pipe Line Co. LLC | 3.250% | 5/15/30 | 23,164 | 20,842 | ||
Valero Energy Corp. | 4.000% | 4/1/29 | 6,008 | 5,733 | ||
Valero Energy Corp. | 2.800% | 12/1/31 | 17,903 | 15,110 | ||
Valero Energy Corp. | 7.500% | 4/15/32 | 11,860 | 13,491 | ||
Western Midstream Operating LP | 4.050% | 2/1/30 | 28,451 | 26,322 | ||
Western Midstream Operating LP | 6.150% | 4/1/33 | 18,803 | 19,117 | ||
Williams Cos. Inc. | 3.500% | 11/15/30 | 34,069 | 30,723 | ||
1 | Williams Cos. Inc. | 7.500% | 1/15/31 | 2,086 | 2,317 | |
Williams Cos. Inc. | 2.600% | 3/15/31 | 51,695 | 43,549 | ||
Williams Cos. Inc. | 8.750% | 3/15/32 | 6,322 | 7,524 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Williams Cos. Inc. | 4.650% | 8/15/32 | 22,403 | 21,304 | ||
Williams Cos. Inc. | 5.650% | 3/15/33 | 25,023 | 25,432 | ||
3,004,902 | ||||||
Financials (31.2%) | ||||||
ACE Capital Trust II | 9.700% | 4/1/30 | 867 | 1,018 | ||
AerCap Ireland Capital DAC | 6.150% | 9/30/30 | 19,112 | 19,738 | ||
AerCap Ireland Capital DAC | 3.300% | 1/30/32 | 120,560 | 102,027 | ||
AerCap Ireland Capital DAC | 3.400% | 10/29/33 | 39,655 | 32,988 | ||
AerCap Ireland Capital DAC | 5.300% | 1/19/34 | 19,010 | 18,366 | ||
Affiliated Managers Group Inc. | 3.300% | 6/15/30 | 7,902 | 6,954 | ||
3 | Aflac Inc. | 3.600% | 4/1/30 | 25,299 | 23,451 | |
Air Lease Corp. | 4.625% | 10/1/28 | 43 | 42 | ||
Air Lease Corp. | 5.100% | 3/1/29 | 10,000 | 9,828 | ||
Air Lease Corp. | 3.250% | 10/1/29 | 10,572 | 9,423 | ||
1 | Air Lease Corp. | 3.000% | 2/1/30 | 13,495 | 11,731 | |
Air Lease Corp. | 3.125% | 12/1/30 | 14,438 | 12,431 | ||
1 | Air Lease Corp. | 2.875% | 1/15/32 | 15,167 | 12,585 | |
Alleghany Corp. | 3.625% | 5/15/30 | 13,504 | 12,552 | ||
Allstate Corp. | 1.450% | 12/15/30 | 18,590 | 14,671 | ||
Allstate Corp. | 5.250% | 3/30/33 | 22,906 | 22,817 | ||
Allstate Corp. | 5.350% | 6/1/33 | 5,437 | 5,450 | ||
1 | Ally Financial Inc. | 8.000% | 11/1/31 | 44,823 | 49,237 | |
Ally Financial Inc. | 8.000% | 11/1/31 | 9,128 | 9,943 | ||
American Express Co. | 4.050% | 5/3/29 | 30,555 | 29,531 | ||
American Express Co. | 6.489% | 10/30/31 | 34,960 | 37,233 | ||
American Express Co. | 4.989% | 5/26/33 | 23,276 | 22,640 | ||
American Express Co. | 4.420% | 8/3/33 | 32,960 | 31,225 | ||
American Express Co. | 5.043% | 5/1/34 | 23,428 | 22,979 | ||
American Express Co. | 5.625% | 7/28/34 | 7,915 | 7,964 | ||
American Financial Group Inc. | 5.250% | 4/2/30 | 8,019 | 7,894 | ||
American International Group Inc. | 4.250% | 3/15/29 | 4,511 | 4,328 | ||
American International Group Inc. | 3.400% | 6/30/30 | 3,922 | 3,540 | ||
American International Group Inc. | 5.125% | 3/27/33 | 21,006 | 20,710 | ||
Ameriprise Financial Inc. | 4.500% | 5/13/32 | 15,666 | 15,030 | ||
Ameriprise Financial Inc. | 5.150% | 5/15/33 | 27,109 | 27,144 | ||
Aon Corp. | 3.750% | 5/2/29 | 19,784 | 18,559 | ||
Aon Corp. | 2.800% | 5/15/30 | 33,036 | 28,738 | ||
Aon Corp. | 2.050% | 8/23/31 | 8,234 | 6,600 | ||
Aon Corp. | 2.600% | 12/2/31 | 8,124 | 6,754 | ||
Aon Corp. | 5.000% | 9/12/32 | 18,469 | 18,042 | ||
Aon Corp. | 5.350% | 2/28/33 | 21,808 | 21,769 | ||
4 | Aon North America Inc. | 5.300% | 3/1/31 | 6,000 | 5,992 | |
4 | Aon North America Inc. | 5.450% | 3/1/34 | 16,555 | 16,564 | |
Apollo Global Management Inc. | 6.375% | 11/15/33 | 13,250 | 14,219 | ||
Ares Capital Corp. | 5.875% | 3/1/29 | 26,435 | 25,851 | ||
Ares Capital Corp. | 3.200% | 11/15/31 | 14,653 | 11,949 | ||
Arthur J Gallagher & Co. | 2.400% | 11/9/31 | 11,250 | 9,110 | ||
Arthur J Gallagher & Co. | 5.500% | 3/2/33 | 11,940 | 11,908 | ||
Assurant Inc. | 4.900% | 3/27/28 | 1 | — | ||
Assurant Inc. | 3.700% | 2/22/30 | 13,144 | 11,730 | ||
Assured Guaranty US Holdings Inc. | 3.150% | 6/15/31 | 13,650 | 11,941 | ||
Athene Holding Ltd. | 6.150% | 4/3/30 | 11,566 | 11,903 | ||
Athene Holding Ltd. | 3.500% | 1/15/31 | 19,605 | 17,046 | ||
Athene Holding Ltd. | 6.650% | 2/1/33 | 7,468 | 7,815 | ||
Athene Holding Ltd. | 5.875% | 1/15/34 | 11,338 | 11,261 | ||
AXA SA | 8.600% | 12/15/30 | 20,959 | 24,800 | ||
AXIS Specialty Finance LLC | 3.900% | 7/15/29 | 12,436 | 11,691 | ||
1 | AXIS Specialty Finance LLC | 4.900% | 1/15/40 | 2,566 | 2,265 | |
Banco Bilbao Vizcaya Argentaria SA | 7.883% | 11/15/34 | 19,980 | 21,283 | ||
Banco Santander SA | 3.306% | 6/27/29 | 34,713 | 31,451 | ||
Banco Santander SA | 3.490% | 5/28/30 | 31,041 | 27,815 | ||
Banco Santander SA | 2.749% | 12/3/30 | 52,628 | 42,859 | ||
Banco Santander SA | 2.958% | 3/25/31 | 14,150 | 12,052 | ||
Banco Santander SA | 3.225% | 11/22/32 | 7,244 | 5,979 | ||
Banco Santander SA | 6.921% | 8/8/33 | 49,235 | 51,150 | ||
Banco Santander SA | 6.938% | 11/7/33 | 45,322 | 49,411 | ||
1 | Bank of America Corp. | 3.419% | 12/20/28 | 1 | 1 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Bank of America Corp. | 3.974% | 2/7/30 | 1,166 | 1,096 | |
1 | Bank of America Corp. | 3.194% | 7/23/30 | 63,074 | 56,750 | |
1 | Bank of America Corp. | 2.884% | 10/22/30 | 53,400 | 47,058 | |
1 | Bank of America Corp. | 2.496% | 2/13/31 | 92,233 | 78,631 | |
1 | Bank of America Corp. | 2.592% | 4/29/31 | 80,154 | 68,325 | |
1 | Bank of America Corp. | 1.898% | 7/23/31 | 62,397 | 50,621 | |
1 | Bank of America Corp. | 1.922% | 10/24/31 | 74,218 | 59,890 | |
1 | Bank of America Corp. | 2.651% | 3/11/32 | 62,989 | 52,689 | |
Bank of America Corp. | 2.687% | 4/22/32 | 105,895 | 88,632 | ||
Bank of America Corp. | 2.299% | 7/21/32 | 85,511 | 69,177 | ||
Bank of America Corp. | 2.572% | 10/20/32 | 76,295 | 62,603 | ||
1 | Bank of America Corp. | 2.972% | 2/4/33 | 93,446 | 78,478 | |
Bank of America Corp. | 4.571% | 4/27/33 | 99,191 | 93,352 | ||
1 | Bank of America Corp. | 5.015% | 7/22/33 | 131,192 | 127,805 | |
Bank of America Corp. | 5.288% | 4/25/34 | 135,880 | 133,921 | ||
Bank of America Corp. | 5.872% | 9/15/34 | 99,927 | 102,474 | ||
Bank of America Corp. | 5.468% | 1/23/35 | 125,370 | 125,036 | ||
Bank of America Corp. | 2.482% | 9/21/36 | 68,181 | 53,851 | ||
Bank of America Corp. | 3.846% | 3/8/37 | 52,078 | 45,466 | ||
Bank of Montreal | 3.088% | 1/10/37 | 35,475 | 28,731 | ||
1 | Bank of New York Mellon Corp. | 3.850% | 4/26/29 | 5,138 | 4,919 | |
1 | Bank of New York Mellon Corp. | 3.300% | 8/23/29 | 28,861 | 26,479 | |
Bank of New York Mellon Corp. | 4.596% | 7/26/30 | 17,255 | 16,851 | ||
1 | Bank of New York Mellon Corp. | 1.650% | 1/28/31 | 5,836 | 4,697 | |
1 | Bank of New York Mellon Corp. | 1.800% | 7/28/31 | 25,103 | 20,243 | |
Bank of New York Mellon Corp. | 2.500% | 1/26/32 | 4,081 | 3,405 | ||
1 | Bank of New York Mellon Corp. | 4.289% | 6/13/33 | 30,318 | 28,309 | |
1 | Bank of New York Mellon Corp. | 5.834% | 10/25/33 | 43,793 | 45,414 | |
Bank of New York Mellon Corp. | 4.706% | 2/1/34 | 23,080 | 22,079 | ||
1 | Bank of New York Mellon Corp. | 4.967% | 4/26/34 | 23,292 | 22,696 | |
1 | Bank of New York Mellon Corp. | 6.474% | 10/25/34 | 17,570 | 19,008 | |
Bank of Nova Scotia | 4.850% | 2/1/30 | 32,456 | 32,015 | ||
Bank of Nova Scotia | 2.150% | 8/1/31 | 6,457 | 5,276 | ||
Bank of Nova Scotia | 2.450% | 2/2/32 | 19,264 | 15,803 | ||
Bank of Nova Scotia | 5.650% | 2/1/34 | 11,710 | 11,895 | ||
Bank of Nova Scotia | 4.588% | 5/4/37 | 28,842 | 25,816 | ||
BankUnited Inc. | 5.125% | 6/11/30 | 8,176 | 7,467 | ||
1 | Barclays plc | 5.088% | 6/20/30 | 41,242 | 39,037 | |
Barclays plc | 2.645% | 6/24/31 | 13,195 | 10,972 | ||
Barclays plc | 2.667% | 3/10/32 | 23,633 | 19,295 | ||
Barclays plc | 2.894% | 11/24/32 | 29,723 | 24,204 | ||
Barclays plc | 5.746% | 8/9/33 | 33,525 | 33,118 | ||
Barclays plc | 7.437% | 11/2/33 | 53,779 | 58,846 | ||
Barclays plc | 6.224% | 5/9/34 | 43,499 | 44,034 | ||
Barclays plc | 7.119% | 6/27/34 | 45,885 | 47,582 | ||
Barclays plc | 6.692% | 9/13/34 | 50,777 | 53,098 | ||
Barclays plc | 3.564% | 9/23/35 | 18,114 | 15,199 | ||
Berkshire Hathaway Finance Corp. | 1.850% | 3/12/30 | 13,731 | 11,653 | ||
Berkshire Hathaway Finance Corp. | 1.450% | 10/15/30 | 19,411 | 15,827 | ||
Berkshire Hathaway Finance Corp. | 2.875% | 3/15/32 | 25,697 | 22,451 | ||
BlackRock Inc. | 3.250% | 4/30/29 | 36,836 | 34,547 | ||
BlackRock Inc. | 2.400% | 4/30/30 | 25,330 | 22,076 | ||
BlackRock Inc. | 1.900% | 1/28/31 | 38,567 | 31,913 | ||
BlackRock Inc. | 2.100% | 2/25/32 | 24,970 | 20,328 | ||
BlackRock Inc. | 4.750% | 5/25/33 | 24,265 | 23,799 | ||
Blackstone Private Credit Fund | 4.000% | 1/15/29 | 548 | 498 | ||
2 | Blackstone Private Credit Fund | 6.250% | 1/25/31 | 13,410 | 13,260 | |
Blue Owl Capital Corp. | 5.950% | 3/15/29 | 15,839 | 15,474 | ||
2 | Blue Owl Credit Income Corp. | 7.750% | 1/15/29 | 9,000 | 9,189 | |
2 | Blue Owl Credit Income Corp. | 6.650% | 3/15/31 | 11,731 | 11,346 | |
Brighthouse Financial Inc. | 5.625% | 5/15/30 | 13,363 | 13,292 | ||
Brookfield Capital Finance LLC | 6.087% | 6/14/33 | 13,522 | 13,948 | ||
Brookfield Finance I UK plc | 2.340% | 1/30/32 | 16,264 | 13,032 | ||
Brookfield Finance Inc. | 4.850% | 3/29/29 | 30,637 | 30,198 | ||
Brookfield Finance Inc. | 4.350% | 4/15/30 | 20,002 | 18,946 | ||
Brookfield Finance Inc. | 2.724% | 4/15/31 | 10,475 | 8,801 | ||
Brookfield Finance Inc. | 6.350% | 1/5/34 | 17,907 | 18,819 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Brown & Brown Inc. | 4.500% | 3/15/29 | 8,722 | 8,440 | ||
Brown & Brown Inc. | 2.375% | 3/15/31 | 21,146 | 17,278 | ||
Brown & Brown Inc. | 4.200% | 3/17/32 | 18,730 | 17,012 | ||
Canadian Imperial Bank of Commerce | 3.600% | 4/7/32 | 23,395 | 20,885 | ||
Canadian Imperial Bank of Commerce | 6.092% | 10/3/33 | 30,789 | 31,972 | ||
Capital One Financial Corp. | 3.273% | 3/1/30 | 43,190 | 38,483 | ||
Capital One Financial Corp. | 5.247% | 7/26/30 | 4,910 | 4,787 | ||
1 | Capital One Financial Corp. | 7.624% | 10/30/31 | 37,047 | 40,544 | |
Capital One Financial Corp. | 2.359% | 7/29/32 | 25,236 | 19,016 | ||
Capital One Financial Corp. | 2.618% | 11/2/32 | 19,947 | 15,927 | ||
Capital One Financial Corp. | 5.268% | 5/10/33 | 38,475 | 37,316 | ||
Capital One Financial Corp. | 5.817% | 2/1/34 | 33,187 | 32,797 | ||
Capital One Financial Corp. | 6.377% | 6/8/34 | 52,322 | 53,894 | ||
Capital One Financial Corp. | 6.051% | 2/1/35 | 11,360 | 11,461 | ||
Cboe Global Markets Inc. | 1.625% | 12/15/30 | 14,195 | 11,515 | ||
Cboe Global Markets Inc. | 3.000% | 3/16/32 | 7,678 | 6,640 | ||
Charles Schwab Corp. | 4.000% | 2/1/29 | 16,251 | 15,583 | ||
Charles Schwab Corp. | 3.250% | 5/22/29 | 19,933 | 18,375 | ||
Charles Schwab Corp. | 2.750% | 10/1/29 | 7,567 | 6,713 | ||
Charles Schwab Corp. | 4.625% | 3/22/30 | 11,858 | 11,705 | ||
Charles Schwab Corp. | 1.650% | 3/11/31 | 18,814 | 14,890 | ||
Charles Schwab Corp. | 2.300% | 5/13/31 | 31,771 | 26,298 | ||
Charles Schwab Corp. | 1.950% | 12/1/31 | 14,903 | 11,829 | ||
Charles Schwab Corp. | 2.900% | 3/3/32 | 7,064 | 5,979 | ||
Charles Schwab Corp. | 5.853% | 5/19/34 | 36,246 | 36,789 | ||
Charles Schwab Corp. | 6.136% | 8/24/34 | 35,960 | 37,300 | ||
Chubb INA Holdings Inc. | 1.375% | 9/15/30 | 32,745 | 26,471 | ||
CI Financial Corp. | 3.200% | 12/17/30 | 25,286 | 20,132 | ||
1 | Citigroup Inc. | 3.980% | 3/20/30 | 48,434 | 45,413 | |
1 | Citigroup Inc. | 2.976% | 11/5/30 | 57,278 | 50,529 | |
1 | Citigroup Inc. | 2.666% | 1/29/31 | 54,973 | 47,135 | |
1 | Citigroup Inc. | 4.412% | 3/31/31 | 118,128 | 111,613 | |
1 | Citigroup Inc. | 2.572% | 6/3/31 | 86,646 | 73,290 | |
Citigroup Inc. | 2.561% | 5/1/32 | 72,860 | 59,976 | ||
Citigroup Inc. | 6.625% | 6/15/32 | 25,084 | 26,714 | ||
Citigroup Inc. | 2.520% | 11/3/32 | 34,376 | 27,899 | ||
Citigroup Inc. | 3.057% | 1/25/33 | 91,630 | 76,987 | ||
Citigroup Inc. | 3.785% | 3/17/33 | 88,436 | 78,358 | ||
Citigroup Inc. | 4.910% | 5/24/33 | 68,885 | 65,981 | ||
Citigroup Inc. | 6.000% | 10/31/33 | 12,321 | 12,736 | ||
Citigroup Inc. | 6.270% | 11/17/33 | 70,497 | 73,991 | ||
Citigroup Inc. | 6.174% | 5/25/34 | 95,255 | 95,909 | ||
Citizens Financial Group Inc. | 2.500% | 2/6/30 | 7,542 | 6,252 | ||
Citizens Financial Group Inc. | 3.250% | 4/30/30 | 18,598 | 16,090 | ||
Citizens Financial Group Inc. | 2.638% | 9/30/32 | 11,307 | 8,561 | ||
Citizens Financial Group Inc. | 5.641% | 5/21/37 | 9,726 | 8,904 | ||
CME Group Inc. | 2.650% | 3/15/32 | 14,433 | 12,364 | ||
CNA Financial Corp. | 3.900% | 5/1/29 | 17,110 | 16,060 | ||
CNA Financial Corp. | 2.050% | 8/15/30 | 7,212 | 5,959 | ||
CNA Financial Corp. | 5.500% | 6/15/33 | 11,762 | 11,839 | ||
CNA Financial Corp. | 5.125% | 2/15/34 | 11,580 | 11,188 | ||
CNO Financial Group Inc. | 5.250% | 5/30/29 | 13,099 | 12,717 | ||
Comerica Bank | 5.332% | 8/25/33 | 13,199 | 11,822 | ||
Corebridge Financial Inc. | 3.850% | 4/5/29 | 26,060 | 24,171 | ||
Corebridge Financial Inc. | 3.900% | 4/5/32 | 42,676 | 37,518 | ||
2 | Corebridge Financial Inc. | 6.050% | 9/15/33 | 11,690 | 11,944 | |
Corebridge Financial Inc. | 5.750% | 1/15/34 | 19,600 | 19,558 | ||
Credit Suisse USA Inc. | 7.125% | 7/15/32 | 21,247 | 23,710 | ||
Deutsche Bank AG | 5.882% | 7/8/31 | 2,899 | 2,759 | ||
1 | Deutsche Bank AG | 3.547% | 9/18/31 | 39,304 | 34,047 | |
Deutsche Bank AG | 3.729% | 1/14/32 | 33,775 | 27,709 | ||
Deutsche Bank AG | 3.035% | 5/28/32 | 23,836 | 19,700 | ||
Deutsche Bank AG | 3.742% | 1/7/33 | 35,439 | 28,529 | ||
Deutsche Bank AG | 7.079% | 2/10/34 | 40,471 | 40,398 | ||
1 | Discover Bank | 2.700% | 2/6/30 | 10,477 | 8,883 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Discover Financial Services | 6.700% | 11/29/32 | 17,909 | 18,741 | ||
Discover Financial Services | 7.964% | 11/2/34 | 26,996 | 30,254 | ||
Enstar Group Ltd. | 4.950% | 6/1/29 | 15,760 | 15,336 | ||
Enstar Group Ltd. | 3.100% | 9/1/31 | 24,345 | 19,856 | ||
Equitable Holdings Inc. | 5.594% | 1/11/33 | 13,865 | 13,962 | ||
Fairfax Financial Holdings Ltd. | 4.625% | 4/29/30 | 11,485 | 10,822 | ||
Fairfax Financial Holdings Ltd. | 3.375% | 3/3/31 | 15,148 | 13,100 | ||
Fairfax Financial Holdings Ltd. | 5.625% | 8/16/32 | 17,845 | 17,579 | ||
2 | Fairfax Financial Holdings Ltd. | 6.000% | 12/7/33 | 14,876 | 14,937 | |
Fidelity National Financial Inc. | 4.500% | 8/15/28 | 5,579 | 5,363 | ||
Fidelity National Financial Inc. | 3.400% | 6/15/30 | 15,161 | 13,374 | ||
Fidelity National Financial Inc. | 2.450% | 3/15/31 | 16,411 | 13,339 | ||
Fifth Third Bancorp | 4.772% | 7/28/30 | 24,996 | 23,834 | ||
Fifth Third Bancorp | 5.631% | 1/29/32 | 24,078 | 23,887 | ||
Fifth Third Bancorp | 4.337% | 4/25/33 | 17,624 | 15,962 | ||
First American Financial Corp. | 4.000% | 5/15/30 | 6,954 | 6,196 | ||
First American Financial Corp. | 2.400% | 8/15/31 | 17,274 | 13,535 | ||
1 | First Horizon Bank | 5.750% | 5/1/30 | 11,882 | 11,107 | |
Franklin Resources Inc. | 1.600% | 10/30/30 | 22,623 | 18,247 | ||
FS KKR Capital Corp. | 3.250% | 7/15/27 | 1 | 1 | ||
GATX Corp. | 4.700% | 4/1/29 | 11,670 | 11,409 | ||
GATX Corp. | 4.000% | 6/30/30 | 13,255 | 12,295 | ||
GATX Corp. | 1.900% | 6/1/31 | 11,240 | 8,843 | ||
GATX Corp. | 3.500% | 6/1/32 | 10,608 | 9,173 | ||
GATX Corp. | 4.900% | 3/15/33 | 7,722 | 7,375 | ||
GATX Corp. | 5.450% | 9/15/33 | 10,598 | 10,554 | ||
GE Capital Funding LLC | 4.550% | 5/15/32 | 21,619 | 20,764 | ||
Global Payments Inc. | 3.200% | 8/15/29 | 38,683 | 34,477 | ||
Global Payments Inc. | 5.300% | 8/15/29 | 14,320 | 14,128 | ||
Global Payments Inc. | 2.900% | 5/15/30 | 25,285 | 21,781 | ||
Global Payments Inc. | 2.900% | 11/15/31 | 23,666 | 19,748 | ||
Global Payments Inc. | 5.400% | 8/15/32 | 16,395 | 16,175 | ||
Globe Life Inc. | 2.150% | 8/15/30 | 5,891 | 4,879 | ||
Globe Life Inc. | 4.800% | 6/15/32 | 10,632 | 10,232 | ||
Goldman Sachs Group Inc. | 2.600% | 2/7/30 | 41,903 | 36,354 | ||
Goldman Sachs Group Inc. | 3.800% | 3/15/30 | 67,534 | 62,793 | ||
Goldman Sachs Group Inc. | 1.992% | 1/27/32 | 54,841 | 43,968 | ||
Goldman Sachs Group Inc. | 2.615% | 4/22/32 | 108,822 | 90,447 | ||
Goldman Sachs Group Inc. | 2.383% | 7/21/32 | 101,214 | 82,361 | ||
Goldman Sachs Group Inc. | 2.650% | 10/21/32 | 78,419 | 64,671 | ||
Goldman Sachs Group Inc. | 6.125% | 2/15/33 | 27,272 | 29,246 | ||
Goldman Sachs Group Inc. | 3.102% | 2/24/33 | 107,435 | 91,048 | ||
Goldman Sachs Group Inc. | 6.561% | 10/24/34 | 38,675 | 41,783 | ||
Golub Capital BDC Inc. | 6.000% | 7/15/29 | 15,839 | 15,377 | ||
Hanover Insurance Group Inc. | 2.500% | 9/1/30 | 6,730 | 5,589 | ||
Hartford Financial Services Group Inc. | 2.800% | 8/19/29 | 15,432 | 13,785 | ||
HSBC Holdings plc | 4.950% | 3/31/30 | 59,918 | 58,668 | ||
1 | HSBC Holdings plc | 3.973% | 5/22/30 | 68,261 | 63,238 | |
1 | HSBC Holdings plc | 2.848% | 6/4/31 | 30,213 | 25,705 | |
1 | HSBC Holdings plc | 2.357% | 8/18/31 | 34,073 | 27,963 | |
HSBC Holdings plc | 2.804% | 5/24/32 | 80,223 | 66,289 | ||
HSBC Holdings plc | 2.871% | 11/22/32 | 45,815 | 37,703 | ||
HSBC Holdings plc | 4.762% | 3/29/33 | 64,807 | 59,456 | ||
HSBC Holdings plc | 5.402% | 8/11/33 | 64,808 | 63,677 | ||
HSBC Holdings plc | 8.113% | 11/3/33 | 55,998 | 63,055 | ||
HSBC Holdings plc | 6.254% | 3/9/34 | 72,876 | 75,625 | ||
HSBC Holdings plc | 6.547% | 6/20/34 | 40,422 | 41,142 | ||
HSBC Holdings plc | 7.399% | 11/13/34 | 55,103 | 59,038 | ||
Huntington Bancshares Inc. | 2.550% | 2/4/30 | 23,077 | 19,423 | ||
Huntington Bancshares Inc. | 5.023% | 5/17/33 | 17,969 | 16,982 | ||
Huntington Bancshares Inc. | 5.709% | 2/2/35 | 25,145 | 24,817 | ||
Huntington Bancshares Inc. | 2.487% | 8/15/36 | 8,598 | 6,489 | ||
Huntington National Bank | 5.650% | 1/10/30 | 25,244 | 25,134 | ||
ING Groep NV | 4.050% | 4/9/29 | 18,996 | 17,963 | ||
ING Groep NV | 2.727% | 4/1/32 | 13,649 | 11,481 | ||
ING Groep NV | 4.252% | 3/28/33 | 22,425 | 20,617 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
ING Groep NV | 6.114% | 9/11/34 | 30,049 | 31,003 | ||
Intercontinental Exchange Inc. | 4.350% | 6/15/29 | 42,546 | 41,296 | ||
Intercontinental Exchange Inc. | 2.100% | 6/15/30 | 25,897 | 21,726 | ||
Intercontinental Exchange Inc. | 1.850% | 9/15/32 | 39,436 | 30,435 | ||
Intercontinental Exchange Inc. | 4.600% | 3/15/33 | 46,035 | 44,005 | ||
Jackson Financial Inc. | 3.125% | 11/23/31 | 12,437 | 10,298 | ||
Jackson Financial Inc. | 5.670% | 6/8/32 | 4,706 | 4,695 | ||
Jefferies Financial Group Inc. | 4.150% | 1/23/30 | 35,662 | 33,177 | ||
Jefferies Financial Group Inc. | 2.625% | 10/15/31 | 24,984 | 20,434 | ||
Jefferies Financial Group Inc. | 2.750% | 10/15/32 | 10,635 | 8,577 | ||
JPMorgan Chase & Co. | 3.875% | 9/10/24 | 1 | 1 | ||
JPMorgan Chase & Co. | 1.040% | 2/4/27 | 82 | 76 | ||
1 | JPMorgan Chase & Co. | 3.702% | 5/6/30 | 55,848 | 51,985 | |
JPMorgan Chase & Co. | 4.565% | 6/14/30 | 56,681 | 54,902 | ||
1 | JPMorgan Chase & Co. | 2.739% | 10/15/30 | 95,941 | 84,168 | |
1 | JPMorgan Chase & Co. | 4.493% | 3/24/31 | 83,960 | 80,617 | |
1 | JPMorgan Chase & Co. | 2.522% | 4/22/31 | 51,888 | 44,326 | |
1 | JPMorgan Chase & Co. | 2.956% | 5/13/31 | 79,497 | 69,016 | |
JPMorgan Chase & Co. | 1.764% | 11/19/31 | 38,348 | 30,878 | ||
JPMorgan Chase & Co. | 1.953% | 2/4/32 | 76,162 | 61,248 | ||
JPMorgan Chase & Co. | 2.580% | 4/22/32 | 106,398 | 88,957 | ||
JPMorgan Chase & Co. | 2.545% | 11/8/32 | 79,933 | 65,839 | ||
JPMorgan Chase & Co. | 2.963% | 1/25/33 | 97,794 | 82,574 | ||
JPMorgan Chase & Co. | 4.586% | 4/26/33 | 58,614 | 55,657 | ||
JPMorgan Chase & Co. | 4.912% | 7/25/33 | 130,040 | 126,163 | ||
JPMorgan Chase & Co. | 5.717% | 9/14/33 | 100,970 | 102,214 | ||
JPMorgan Chase & Co. | 5.350% | 6/1/34 | 94,765 | 94,273 | ||
JPMorgan Chase & Co. | 6.254% | 10/23/34 | 77,829 | 82,615 | ||
JPMorgan Chase & Co. | 5.336% | 1/23/35 | 76,970 | 76,581 | ||
Kemper Corp. | 2.400% | 9/30/30 | 10,354 | 8,158 | ||
Kemper Corp. | 3.800% | 2/23/32 | 10,125 | 8,497 | ||
1 | KeyBank NA | 3.900% | 4/13/29 | 8,824 | 7,839 | |
1 | KeyBank NA | 4.900% | 8/8/32 | 21,998 | 19,301 | |
KeyBank NA | 5.000% | 1/26/33 | 26,159 | 23,895 | ||
1 | KeyCorp | 2.550% | 10/1/29 | 24,373 | 20,393 | |
1 | KeyCorp | 4.789% | 6/1/33 | 16,720 | 15,100 | |
Lazard Group LLC | 4.375% | 3/11/29 | 7,450 | 7,101 | ||
Lincoln National Corp. | 3.050% | 1/15/30 | 8,259 | 7,229 | ||
Lincoln National Corp. | 3.400% | 1/15/31 | 8,904 | 7,794 | ||
Lincoln National Corp. | 3.400% | 3/1/32 | 6,881 | 5,840 | ||
Lloyds Banking Group plc | 4.976% | 8/11/33 | 34,931 | 33,195 | ||
Lloyds Banking Group plc | 7.953% | 11/15/33 | 28,712 | 32,008 | ||
Lloyds Banking Group plc | 5.679% | 1/5/35 | 40,039 | 39,517 | ||
Loews Corp. | 3.200% | 5/15/30 | 13,825 | 12,472 | ||
M&T Bank Corp. | 5.053% | 1/27/34 | 26,661 | 24,505 | ||
Main Street Capital Corp. | 6.950% | 3/1/29 | 9,835 | 9,865 | ||
Manulife Financial Corp. | 3.703% | 3/16/32 | 19,672 | 17,925 | ||
Markel Group Inc. | 3.350% | 9/17/29 | 8,708 | 7,845 | ||
Marsh & McLennan Cos. Inc. | 4.375% | 3/15/29 | 39,259 | 38,393 | ||
Marsh & McLennan Cos. Inc. | 2.250% | 11/15/30 | 22,400 | 18,887 | ||
Marsh & McLennan Cos. Inc. | 2.375% | 12/15/31 | 10,728 | 8,912 | ||
Marsh & McLennan Cos. Inc. | 5.750% | 11/1/32 | 11,474 | 11,982 | ||
Marsh & McLennan Cos. Inc. | 5.400% | 9/15/33 | 18,811 | 19,140 | ||
Marsh & McLennan Cos. Inc. | 5.150% | 3/15/34 | 3,500 | 3,487 | ||
Mastercard Inc. | 2.950% | 6/1/29 | 28,927 | 26,557 | ||
Mastercard Inc. | 3.350% | 3/26/30 | 38,309 | 35,373 | ||
Mastercard Inc. | 1.900% | 3/15/31 | 12,799 | 10,618 | ||
Mastercard Inc. | 2.000% | 11/18/31 | 22,663 | 18,592 | ||
Mastercard Inc. | 4.850% | 3/9/33 | 20,852 | 20,824 | ||
MetLife Inc. | 4.550% | 3/23/30 | 24,586 | 24,061 | ||
MetLife Inc. | 6.500% | 12/15/32 | 6,342 | 6,926 | ||
MetLife Inc. | 5.375% | 7/15/33 | 23,946 | 24,076 | ||
Mitsubishi UFJ Financial Group Inc. | 3.741% | 3/7/29 | 32,999 | 31,156 | ||
Mitsubishi UFJ Financial Group Inc. | 3.195% | 7/18/29 | 51,681 | 46,945 | ||
Mitsubishi UFJ Financial Group Inc. | 2.559% | 2/25/30 | 30,273 | 26,234 | ||
Mitsubishi UFJ Financial Group Inc. | 2.048% | 7/17/30 | 35,516 | 29,464 | ||
Mitsubishi UFJ Financial Group Inc. | 2.309% | 7/20/32 | 56,490 | 46,271 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Mitsubishi UFJ Financial Group Inc. | 2.494% | 10/13/32 | 21,043 | 17,384 | ||
Mitsubishi UFJ Financial Group Inc. | 2.852% | 1/19/33 | 26,849 | 22,637 | ||
Mitsubishi UFJ Financial Group Inc. | 4.315% | 4/19/33 | 16,705 | 15,625 | ||
Mitsubishi UFJ Financial Group Inc. | 5.133% | 7/20/33 | 41,813 | 41,322 | ||
Mitsubishi UFJ Financial Group Inc. | 5.472% | 9/13/33 | 19,786 | 20,086 | ||
Mitsubishi UFJ Financial Group Inc. | 5.441% | 2/22/34 | 26,461 | 26,762 | ||
Mitsubishi UFJ Financial Group Inc. | 5.406% | 4/19/34 | 34,202 | 34,562 | ||
Mizuho Financial Group Inc. | 3.261% | 5/22/30 | 1,400 | 1,266 | ||
1 | Mizuho Financial Group Inc. | 3.153% | 7/16/30 | 23,775 | 21,324 | |
1 | Mizuho Financial Group Inc. | 2.869% | 9/13/30 | 17,970 | 15,802 | |
1 | Mizuho Financial Group Inc. | 2.591% | 5/25/31 | 5,041 | 4,288 | |
Mizuho Financial Group Inc. | 5.739% | 5/27/31 | 22,207 | 22,549 | ||
1 | Mizuho Financial Group Inc. | 2.201% | 7/10/31 | 16,349 | 13,522 | |
1 | Mizuho Financial Group Inc. | 1.979% | 9/8/31 | 25,028 | 20,291 | |
Mizuho Financial Group Inc. | 2.564% | 9/13/31 | 27,010 | 21,887 | ||
Mizuho Financial Group Inc. | 2.172% | 5/22/32 | 14,010 | 11,301 | ||
Mizuho Financial Group Inc. | 2.260% | 7/9/32 | 11,698 | 9,451 | ||
Mizuho Financial Group Inc. | 5.669% | 9/13/33 | 29,823 | 30,266 | ||
Mizuho Financial Group Inc. | 5.754% | 5/27/34 | 20,007 | 20,424 | ||
Mizuho Financial Group Inc. | 5.748% | 7/6/34 | 36,880 | 37,574 | ||
Morgan Stanley | 1.593% | 5/4/27 | 11 | 10 | ||
1 | Morgan Stanley | 2.699% | 1/22/31 | 87,288 | 75,562 | |
1 | Morgan Stanley | 3.622% | 4/1/31 | 76,638 | 69,592 | |
1 | Morgan Stanley | 1.794% | 2/13/32 | 66,392 | 52,571 | |
Morgan Stanley | 7.250% | 4/1/32 | 46,715 | 53,235 | ||
1 | Morgan Stanley | 1.928% | 4/28/32 | 66,017 | 52,404 | |
1 | Morgan Stanley | 2.239% | 7/21/32 | 87,824 | 70,806 | |
1 | Morgan Stanley | 2.511% | 10/20/32 | 63,046 | 51,636 | |
Morgan Stanley | 2.943% | 1/21/33 | 53,144 | 44,581 | ||
Morgan Stanley | 4.889% | 7/20/33 | 55,558 | 53,315 | ||
Morgan Stanley | 6.342% | 10/18/33 | 91,903 | 97,409 | ||
1 | Morgan Stanley | 5.250% | 4/21/34 | 100,559 | 98,705 | |
1 | Morgan Stanley | 5.424% | 7/21/34 | 69,040 | 68,704 | |
Morgan Stanley | 6.627% | 11/1/34 | 35,149 | 38,142 | ||
Morgan Stanley | 5.466% | 1/18/35 | 60,820 | 60,759 | ||
Morgan Stanley | 2.484% | 9/16/36 | 80,653 | 63,380 | ||
Morgan Stanley | 5.297% | 4/20/37 | 48,895 | 46,758 | ||
Morgan Stanley | 5.948% | 1/19/38 | 60,476 | 60,296 | ||
Nasdaq Inc. | 1.650% | 1/15/31 | 17,215 | 13,710 | ||
Nasdaq Inc. | 5.550% | 2/15/34 | 18,930 | 19,053 | ||
1 | NatWest Group plc | 4.445% | 5/8/30 | 41,871 | 39,612 | |
NatWest Group plc | 6.016% | 3/2/34 | 20,731 | 21,137 | ||
4 | NatWest Group plc | 6.475% | 6/1/34 | 12,000 | 12,003 | |
NatWest Group plc | 5.778% | 3/1/35 | 20,720 | 20,698 | ||
1 | NatWest Group plc | 3.032% | 11/28/35 | 18,074 | 14,882 | |
New Mountain Finance Corp. | 6.875% | 2/1/29 | 7,776 | 7,611 | ||
Nomura Holdings Inc. | 5.605% | 7/6/29 | 14,670 | 14,735 | ||
Nomura Holdings Inc. | 3.103% | 1/16/30 | 48,324 | 42,424 | ||
Nomura Holdings Inc. | 2.679% | 7/16/30 | 17,620 | 14,893 | ||
Nomura Holdings Inc. | 2.608% | 7/14/31 | 25,079 | 20,605 | ||
Nomura Holdings Inc. | 2.999% | 1/22/32 | 31,241 | 26,024 | ||
Nomura Holdings Inc. | 6.181% | 1/18/33 | 19,111 | 20,021 | ||
Nomura Holdings Inc. | 6.087% | 7/12/33 | 10,552 | 10,998 | ||
Northern Trust Corp. | 3.150% | 5/3/29 | 15,351 | 14,208 | ||
Northern Trust Corp. | 1.950% | 5/1/30 | 27,316 | 23,023 | ||
Northern Trust Corp. | 6.125% | 11/2/32 | 26,257 | 27,579 | ||
ORIX Corp. | 3.700% | 7/18/27 | 1 | 1 | ||
ORIX Corp. | 2.250% | 3/9/31 | 13,676 | 11,444 | ||
ORIX Corp. | 4.000% | 4/13/32 | 13,363 | 12,420 | ||
ORIX Corp. | 5.200% | 9/13/32 | 12,455 | 12,586 | ||
PartnerRe Finance B LLC | 3.700% | 7/2/29 | 12,085 | 11,337 | ||
PartnerRe Finance B LLC | 4.500% | 10/1/50 | 7,569 | 6,781 | ||
PayPal Holdings Inc. | 2.850% | 10/1/29 | 38,661 | 34,476 | ||
PayPal Holdings Inc. | 2.300% | 6/1/30 | 33,091 | 28,149 | ||
PayPal Holdings Inc. | 4.400% | 6/1/32 | 29,117 | 27,929 | ||
1 | PNC Bank NA | 2.700% | 10/22/29 | 19,935 | 17,176 | |
PNC Financial Services Group Inc. | 3.450% | 4/23/29 | 51,336 | 47,402 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PNC Financial Services Group Inc. | 2.550% | 1/22/30 | 48,327 | 41,470 | ||
PNC Financial Services Group Inc. | 2.307% | 4/23/32 | 26,388 | 21,477 | ||
PNC Financial Services Group Inc. | 4.626% | 6/6/33 | 23,437 | 21,711 | ||
PNC Financial Services Group Inc. | 6.037% | 10/28/33 | 45,246 | 46,449 | ||
PNC Financial Services Group Inc. | 5.068% | 1/24/34 | 40,617 | 39,024 | ||
PNC Financial Services Group Inc. | 5.939% | 8/18/34 | 18,405 | 18,740 | ||
PNC Financial Services Group Inc. | 6.875% | 10/20/34 | 61,904 | 67,102 | ||
PNC Financial Services Group Inc. | 5.676% | 1/22/35 | 38,575 | 38,665 | ||
Primerica Inc. | 2.800% | 11/19/31 | 15,248 | 12,655 | ||
Principal Financial Group Inc. | 3.700% | 5/15/29 | 27,510 | 25,662 | ||
Principal Financial Group Inc. | 2.125% | 6/15/30 | 6,093 | 5,068 | ||
Principal Financial Group Inc. | 5.375% | 3/15/33 | 16,593 | 16,720 | ||
Progressive Corp. | 4.000% | 3/1/29 | 11,490 | 11,052 | ||
Progressive Corp. | 6.625% | 3/1/29 | 6,103 | 6,551 | ||
Progressive Corp. | 3.200% | 3/26/30 | 9,933 | 8,973 | ||
Progressive Corp. | 3.000% | 3/15/32 | 14,849 | 12,846 | ||
Progressive Corp. | 6.250% | 12/1/32 | 7,150 | 7,762 | ||
Progressive Corp. | 4.950% | 6/15/33 | 16,292 | 16,177 | ||
1 | Prudential Financial Inc. | 2.100% | 3/10/30 | 12,848 | 10,987 | |
1 | Prudential Financial Inc. | 5.750% | 7/15/33 | 10,134 | 10,633 | |
1 | Prudential Financial Inc. | 5.700% | 9/15/48 | 11,282 | 11,020 | |
1 | Prudential Financial Inc. | 3.700% | 10/1/50 | 20,450 | 17,832 | |
Prudential Financial Inc. | 5.125% | 3/1/52 | 26,175 | 24,457 | ||
Prudential Financial Inc. | 6.000% | 9/1/52 | 31,347 | 31,246 | ||
Prudential Financial Inc. | 6.750% | 3/1/53 | 7,387 | 7,675 | ||
Prudential Funding Asia plc | 3.125% | 4/14/30 | 26,146 | 23,311 | ||
Prudential Funding Asia plc | 3.625% | 3/24/32 | 9,142 | 8,171 | ||
4 | Radian Group Inc. | 6.200% | 5/15/29 | 13,979 | 14,014 | |
Raymond James Financial Inc. | 4.650% | 4/1/30 | 12,624 | 12,474 | ||
Reinsurance Group of America Inc. | 3.900% | 5/15/29 | 17,123 | 16,154 | ||
Reinsurance Group of America Inc. | 3.150% | 6/15/30 | 11,883 | 10,503 | ||
Reinsurance Group of America Inc. | 6.000% | 9/15/33 | 12,101 | 12,408 | ||
RenaissanceRe Holdings Ltd. | 3.600% | 4/15/29 | 6,471 | 5,964 | ||
RenaissanceRe Holdings Ltd. | 5.750% | 6/5/33 | 20,235 | 20,388 | ||
1 | Royal Bank of Canada | 2.300% | 11/3/31 | 39,596 | 32,429 | |
Royal Bank of Canada | 3.875% | 5/4/32 | 30,055 | 27,377 | ||
1 | Royal Bank of Canada | 5.000% | 2/1/33 | 40,192 | 39,506 | |
1 | Royal Bank of Canada | 5.000% | 5/2/33 | 19,777 | 19,474 | |
1 | Royal Bank of Canada | 5.150% | 2/1/34 | 3,786 | 3,724 | |
Santander Holdings USA Inc. | 7.660% | 11/9/31 | 17,670 | 18,875 | ||
Santander UK Group Holdings plc | 2.896% | 3/15/32 | 17,996 | 15,158 | ||
Sixth Street Specialty Lending Inc. | 6.125% | 3/1/29 | 11,050 | 10,878 | ||
State Street Corp. | 2.400% | 1/24/30 | 26,278 | 22,968 | ||
State Street Corp. | 2.200% | 3/3/31 | 24,441 | 20,206 | ||
State Street Corp. | 3.152% | 3/30/31 | 12,871 | 11,445 | ||
State Street Corp. | 4.421% | 5/13/33 | 13,533 | 12,762 | ||
State Street Corp. | 4.164% | 8/4/33 | 22,832 | 21,084 | ||
State Street Corp. | 4.821% | 1/26/34 | 19,295 | 18,600 | ||
State Street Corp. | 5.159% | 5/18/34 | 25,209 | 24,884 | ||
1 | State Street Corp. | 3.031% | 11/1/34 | 18,660 | 16,460 | |
State Street Corp. | 6.123% | 11/21/34 | 9,390 | 9,708 | ||
Stewart Information Services Corp. | 3.600% | 11/15/31 | 15,266 | 11,861 | ||
Stifel Financial Corp. | 4.000% | 5/15/30 | 10,595 | 9,574 | ||
Sumitomo Mitsui Financial Group Inc. | 3.040% | 7/16/29 | 66,791 | 60,039 | ||
Sumitomo Mitsui Financial Group Inc. | 3.202% | 9/17/29 | 9,548 | 8,586 | ||
Sumitomo Mitsui Financial Group Inc. | 2.724% | 9/27/29 | 8,152 | 7,178 | ||
Sumitomo Mitsui Financial Group Inc. | 5.710% | 1/13/30 | 45,170 | 46,282 | ||
Sumitomo Mitsui Financial Group Inc. | 2.750% | 1/15/30 | 38,104 | 33,315 | ||
Sumitomo Mitsui Financial Group Inc. | 2.130% | 7/8/30 | 29,910 | 24,862 | ||
Sumitomo Mitsui Financial Group Inc. | 2.142% | 9/23/30 | 24,374 | 20,018 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Sumitomo Mitsui Financial Group Inc. | 1.710% | 1/12/31 | 6,398 | 5,093 | ||
Sumitomo Mitsui Financial Group Inc. | 2.222% | 9/17/31 | 11,642 | 9,443 | ||
Sumitomo Mitsui Financial Group Inc. | 5.766% | 1/13/33 | 43,335 | 44,709 | ||
Sumitomo Mitsui Financial Group Inc. | 5.776% | 7/13/33 | 32,653 | 33,767 | ||
Sumitomo Mitsui Financial Group Inc. | 5.808% | 9/14/33 | 32,100 | 33,250 | ||
Synchrony Financial | 5.150% | 3/19/29 | 16,257 | 15,508 | ||
Synchrony Financial | 2.875% | 10/28/31 | 16,912 | 13,263 | ||
1 | Toronto-Dominion Bank | 2.000% | 9/10/31 | 18,892 | 15,374 | |
1 | Toronto-Dominion Bank | 2.450% | 1/12/32 | 23,163 | 19,147 | |
1 | Toronto-Dominion Bank | 3.200% | 3/10/32 | 44,828 | 39,106 | |
Toronto-Dominion Bank | 4.456% | 6/8/32 | 53,876 | 51,354 | ||
Travelers Property Casualty Corp. | 6.375% | 3/15/33 | 9,420 | 10,454 | ||
1 | Truist Bank | 2.250% | 3/11/30 | 32,117 | 26,380 | |
1 | Truist Financial Corp. | 3.875% | 3/19/29 | 17,997 | 16,574 | |
1 | Truist Financial Corp. | 1.950% | 6/5/30 | 18,122 | 14,802 | |
1 | Truist Financial Corp. | 4.916% | 7/28/33 | 25,995 | 23,888 | |
1 | Truist Financial Corp. | 6.123% | 10/28/33 | 25,487 | 25,911 | |
1 | Truist Financial Corp. | 5.122% | 1/26/34 | 35,464 | 33,629 | |
1 | Truist Financial Corp. | 5.867% | 6/8/34 | 40,272 | 40,266 | |
1 | Truist Financial Corp. | 5.711% | 1/24/35 | 53,685 | 53,232 | |
Unum Group | 4.000% | 6/15/29 | 11,049 | 10,371 | ||
1 | US Bancorp | 3.000% | 7/30/29 | 21,294 | 18,857 | |
1 | US Bancorp | 1.375% | 7/22/30 | 30,389 | 24,086 | |
1 | US Bancorp | 2.677% | 1/27/33 | 23,431 | 19,125 | |
1 | US Bancorp | 4.967% | 7/22/33 | 34,626 | 32,401 | |
US Bancorp | 5.850% | 10/21/33 | 47,412 | 47,875 | ||
US Bancorp | 4.839% | 2/1/34 | 42,357 | 39,867 | ||
US Bancorp | 5.836% | 6/12/34 | 51,466 | 51,865 | ||
US Bancorp | 5.678% | 1/23/35 | 54,456 | 54,334 | ||
US Bancorp | 2.491% | 11/3/36 | 36,456 | 28,179 | ||
Visa Inc. | 2.050% | 4/15/30 | 39,597 | 33,962 | ||
Visa Inc. | 1.100% | 2/15/31 | 31,947 | 25,244 | ||
Webster Financial Corp. | 4.100% | 3/25/29 | 9,852 | 8,951 | ||
1 | Wells Fargo & Co. | 3.196% | 6/17/27 | 184 | 175 | |
1 | Wells Fargo & Co. | 7.950% | 11/15/29 | 9,777 | 10,889 | |
1 | Wells Fargo & Co. | 2.879% | 10/30/30 | 99,209 | 86,932 | |
1 | Wells Fargo & Co. | 2.572% | 2/11/31 | 92,975 | 79,307 | |
1 | Wells Fargo & Co. | 4.478% | 4/4/31 | 62,573 | 59,551 | |
1 | Wells Fargo & Co. | 3.350% | 3/2/33 | 96,522 | 82,817 | |
1 | Wells Fargo & Co. | 4.897% | 7/25/33 | 91,576 | 87,610 | |
Wells Fargo & Co. | 5.389% | 4/24/34 | 109,330 | 107,554 | ||
1 | Wells Fargo & Co. | 5.557% | 7/25/34 | 97,025 | 96,655 | |
Wells Fargo & Co. | 6.491% | 10/23/34 | 77,472 | 82,396 | ||
Wells Fargo & Co. | 5.499% | 1/23/35 | 84,333 | 83,803 | ||
Western Union Co. | 2.750% | 3/15/31 | 6,616 | 5,453 | ||
Westpac Banking Corp. | 2.650% | 1/16/30 | 19,579 | 17,354 | ||
Westpac Banking Corp. | 2.150% | 6/3/31 | 34,223 | 28,354 | ||
Westpac Banking Corp. | 5.405% | 8/10/33 | 24,532 | 24,011 | ||
Westpac Banking Corp. | 6.820% | 11/17/33 | 22,825 | 24,476 | ||
Westpac Banking Corp. | 4.110% | 7/24/34 | 34,569 | 31,577 | ||
Westpac Banking Corp. | 2.668% | 11/15/35 | 38,895 | 31,692 | ||
Westpac Banking Corp. | 3.020% | 11/18/36 | 26,788 | 21,807 | ||
Willis North America Inc. | 2.950% | 9/15/29 | 24,028 | 21,351 | ||
Willis North America Inc. | 5.350% | 5/15/33 | 28,757 | 28,307 | ||
Wintrust Financial Corp. | 4.850% | 6/6/29 | 6,266 | 5,652 | ||
Zions Bancorp NA | 3.250% | 10/29/29 | 13,586 | 11,080 | ||
14,740,996 | ||||||
Health Care (9.1%) | ||||||
Abbott Laboratories | 1.400% | 6/30/30 | 12,477 | 10,289 | ||
AbbVie Inc. | 4.800% | 3/15/29 | 30,000 | 29,864 | ||
AbbVie Inc. | 3.200% | 11/21/29 | 143,433 | 131,229 | ||
AbbVie Inc. | 4.950% | 3/15/31 | 45,456 | 45,453 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
AbbVie Inc. | 5.050% | 3/15/34 | 20,250 | 20,345 | ||
Adventist Health System | 2.952% | 3/1/29 | 5,494 | 4,877 | ||
Adventist Health System | 5.430% | 3/1/32 | 7,180 | 7,182 | ||
1 | Advocate Health & Hospitals Corp. | 2.211% | 6/15/30 | 8,084 | 6,821 | |
Agilent Technologies Inc. | 2.750% | 9/15/29 | 12,059 | 10,789 | ||
Agilent Technologies Inc. | 2.100% | 6/4/30 | 13,377 | 11,206 | ||
Agilent Technologies Inc. | 2.300% | 3/12/31 | 25,696 | 21,439 | ||
Amgen Inc. | 4.050% | 8/18/29 | 36,008 | 34,422 | ||
Amgen Inc. | 2.450% | 2/21/30 | 28,578 | 24,843 | ||
Amgen Inc. | 5.250% | 3/2/30 | 70,625 | 71,153 | ||
Amgen Inc. | 2.300% | 2/25/31 | 32,307 | 27,036 | ||
Amgen Inc. | 2.000% | 1/15/32 | 9,892 | 7,931 | ||
Amgen Inc. | 3.350% | 2/22/32 | 29,030 | 25,672 | ||
Amgen Inc. | 4.200% | 3/1/33 | 7,943 | 7,354 | ||
Amgen Inc. | 5.250% | 3/2/33 | 133,994 | 133,596 | ||
1 | Ascension Health | 2.532% | 11/15/29 | 16,449 | 14,653 | |
AstraZeneca Finance LLC | 4.900% | 3/3/30 | 3,674 | 3,680 | ||
AstraZeneca Finance LLC | 4.900% | 2/26/31 | 30,000 | 29,931 | ||
AstraZeneca Finance LLC | 2.250% | 5/28/31 | 28,596 | 23,984 | ||
AstraZeneca Finance LLC | 4.875% | 3/3/33 | 11,786 | 11,734 | ||
AstraZeneca plc | 1.375% | 8/6/30 | 53,860 | 43,631 | ||
Banner Health | 2.338% | 1/1/30 | 7,317 | 6,314 | ||
Banner Health | 1.897% | 1/1/31 | 7,209 | 5,868 | ||
Baxter International Inc. | 3.950% | 4/1/30 | 20,830 | 19,282 | ||
Baxter International Inc. | 1.730% | 4/1/31 | 9,518 | 7,511 | ||
Baxter International Inc. | 2.539% | 2/1/32 | 55,070 | 45,128 | ||
1 | Baylor Scott & White Holdings | 1.777% | 11/15/30 | 3,783 | 3,076 | |
Becton Dickinson & Co. | 2.823% | 5/20/30 | 28,331 | 24,848 | ||
Becton Dickinson & Co. | 1.957% | 2/11/31 | 31,045 | 25,239 | ||
Becton Dickinson & Co. | 4.298% | 8/22/32 | 9,382 | 8,794 | ||
Biogen Inc. | 2.250% | 5/1/30 | 34,486 | 28,858 | ||
Bio-Rad Laboratories Inc. | 3.700% | 3/15/32 | 22,483 | 20,025 | ||
1 | Bon Secours Mercy Health Inc. | 3.464% | 6/1/30 | 7,462 | 6,793 | |
1 | Bon Secours Mercy Health Inc. | 2.095% | 6/1/31 | 7,223 | 5,833 | |
Boston Scientific Corp. | 2.650% | 6/1/30 | 40,495 | 35,423 | ||
Bristol-Myers Squibb Co. | 3.400% | 7/26/29 | 63,213 | 58,919 | ||
Bristol-Myers Squibb Co. | 1.450% | 11/13/30 | 30,109 | 24,149 | ||
Bristol-Myers Squibb Co. | 5.750% | 2/1/31 | 18,042 | 18,794 | ||
Bristol-Myers Squibb Co. | 5.100% | 2/22/31 | 33,735 | 33,839 | ||
Bristol-Myers Squibb Co. | 2.950% | 3/15/32 | 44,650 | 38,577 | ||
Bristol-Myers Squibb Co. | 5.900% | 11/15/33 | 26,550 | 28,112 | ||
Bristol-Myers Squibb Co. | 5.200% | 2/22/34 | 37,329 | 37,614 | ||
1 | Cedars-Sinai Health System | 2.288% | 8/15/31 | 7,970 | 6,628 | |
Cencora Inc. | 2.800% | 5/15/30 | 10,088 | 8,862 | ||
Cencora Inc. | 2.700% | 3/15/31 | 26,632 | 22,705 | ||
Cencora Inc. | 5.125% | 2/15/34 | 2,940 | 2,885 | ||
Centene Corp. | 4.625% | 12/15/29 | 89,226 | 84,495 | ||
Centene Corp. | 3.375% | 2/15/30 | 49,906 | 44,029 | ||
Centene Corp. | 3.000% | 10/15/30 | 52,784 | 45,081 | ||
Centene Corp. | 2.500% | 3/1/31 | 62,886 | 51,520 | ||
Centene Corp. | 2.625% | 8/1/31 | 31,318 | 25,630 | ||
Cigna Group | 5.000% | 5/15/29 | 25,000 | 24,821 | ||
Cigna Group | 2.400% | 3/15/30 | 35,563 | 30,488 | ||
Cigna Group | 2.375% | 3/15/31 | 37,311 | 31,113 | ||
Cigna Group | 5.400% | 3/15/33 | 20,702 | 20,826 | ||
Cigna Group | 5.250% | 2/15/34 | 15,363 | 15,175 | ||
CommonSpirit Health | 3.347% | 10/1/29 | 22,614 | 20,534 | ||
CVS Health Corp. | 3.250% | 8/15/29 | 41,309 | 37,584 | ||
CVS Health Corp. | 5.125% | 2/21/30 | 48,700 | 48,409 | ||
CVS Health Corp. | 3.750% | 4/1/30 | 30,995 | 28,599 | ||
CVS Health Corp. | 1.750% | 8/21/30 | 31,735 | 25,735 | ||
CVS Health Corp. | 5.250% | 1/30/31 | 26,558 | 26,514 | ||
CVS Health Corp. | 1.875% | 2/28/31 | 44,602 | 35,845 | ||
CVS Health Corp. | 2.125% | 9/15/31 | 15,188 | 12,256 | ||
CVS Health Corp. | 5.250% | 2/21/33 | 53,721 | 53,191 | ||
CVS Health Corp. | 5.300% | 6/1/33 | 28,439 | 28,238 | ||
DENTSPLY SIRONA Inc. | 3.250% | 6/1/30 | 19,881 | 17,327 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
DH Europe Finance II Sarl | 2.600% | 11/15/29 | 27,383 | 24,319 | ||
Elevance Health Inc. | 4.101% | 3/1/28 | 1 | — | ||
Elevance Health Inc. | 2.875% | 9/15/29 | 20,399 | 18,292 | ||
Elevance Health Inc. | 2.250% | 5/15/30 | 35,597 | 30,239 | ||
Elevance Health Inc. | 2.550% | 3/15/31 | 25,807 | 21,874 | ||
Elevance Health Inc. | 4.100% | 5/15/32 | 15,232 | 14,039 | ||
Elevance Health Inc. | 5.500% | 10/15/32 | 19,388 | 19,748 | ||
Elevance Health Inc. | 4.750% | 2/15/33 | 27,201 | 26,272 | ||
Eli Lilly & Co. | 3.375% | 3/15/29 | 19,498 | 18,371 | ||
Eli Lilly & Co. | 4.700% | 2/27/33 | 21,211 | 21,033 | ||
Eli Lilly & Co. | 4.700% | 2/9/34 | 29,024 | 28,659 | ||
GE HealthCare Technologies Inc. | 5.857% | 3/15/30 | 29,748 | 30,745 | ||
GE HealthCare Technologies Inc. | 5.905% | 11/22/32 | 46,154 | 47,916 | ||
Gilead Sciences Inc. | 1.650% | 10/1/30 | 29,225 | 23,841 | ||
Gilead Sciences Inc. | 5.250% | 10/15/33 | 24,277 | 24,558 | ||
GlaxoSmithKline Capital Inc. | 3.875% | 5/15/28 | 1 | — | ||
GlaxoSmithKline Capital plc | 3.375% | 6/1/29 | 27,516 | 25,820 | ||
HCA Inc. | 3.375% | 3/15/29 | 13,847 | 12,627 | ||
HCA Inc. | 4.125% | 6/15/29 | 59,833 | 56,268 | ||
HCA Inc. | 3.500% | 9/1/30 | 50,036 | 44,729 | ||
HCA Inc. | 5.450% | 4/1/31 | 5,000 | 4,977 | ||
HCA Inc. | 2.375% | 7/15/31 | 23,222 | 18,883 | ||
HCA Inc. | 3.625% | 3/15/32 | 57,197 | 49,972 | ||
HCA Inc. | 5.500% | 6/1/33 | 35,238 | 34,995 | ||
HCA Inc. | 5.600% | 4/1/34 | 15,000 | 14,932 | ||
Humana Inc. | 3.700% | 3/23/29 | 14,471 | 13,527 | ||
Humana Inc. | 3.125% | 8/15/29 | 19,869 | 17,949 | ||
Humana Inc. | 4.875% | 4/1/30 | 9,834 | 9,676 | ||
Humana Inc. | 2.150% | 2/3/32 | 26,381 | 20,875 | ||
Humana Inc. | 5.875% | 3/1/33 | 21,219 | 21,771 | ||
Illumina Inc. | 2.550% | 3/23/31 | 13,541 | 11,110 | ||
IQVIA Inc. | 6.250% | 2/1/29 | 29,000 | 29,836 | ||
Johnson & Johnson | 6.950% | 9/1/29 | 1,635 | 1,832 | ||
Johnson & Johnson | 1.300% | 9/1/30 | 61,218 | 50,128 | ||
Johnson & Johnson | 4.950% | 5/15/33 | 6,392 | 6,628 | ||
Johnson & Johnson | 4.375% | 12/5/33 | 4,000 | 3,951 | ||
Laboratory Corp. of America Holdings | 2.950% | 12/1/29 | 7,653 | 6,811 | ||
Laboratory Corp. of America Holdings | 2.700% | 6/1/31 | 20,186 | 17,238 | ||
McKesson Corp. | 5.100% | 7/15/33 | 19,784 | 19,707 | ||
Medtronic Global Holdings SCA | 4.500% | 3/30/33 | 33,361 | 32,121 | ||
Merck & Co. Inc. | 1.900% | 12/10/28 | 20,456 | 18,057 | ||
Merck & Co. Inc. | 3.400% | 3/7/29 | 53,147 | 49,917 | ||
Merck & Co. Inc. | 4.300% | 5/17/30 | 21,874 | 21,286 | ||
Merck & Co. Inc. | 1.450% | 6/24/30 | 34,298 | 28,033 | ||
Merck & Co. Inc. | 2.150% | 12/10/31 | 51,294 | 42,539 | ||
Merck & Co. Inc. | 4.500% | 5/17/33 | 37,587 | 36,561 | ||
Novartis Capital Corp. | 2.200% | 8/14/30 | 42,019 | 36,093 | ||
1 | Ochsner LSU Health System of North Louisiana | 2.510% | 5/15/31 | 9,020 | 6,151 | |
OhioHealth Corp. | 2.297% | 11/15/31 | 7,805 | 6,450 | ||
Pfizer Inc. | 3.450% | 3/15/29 | 46,275 | 43,499 | ||
Pfizer Inc. | 2.625% | 4/1/30 | 34,907 | 30,862 | ||
Pfizer Inc. | 1.700% | 5/28/30 | 24,916 | 20,759 | ||
Pfizer Inc. | 1.750% | 8/18/31 | 26,488 | 21,343 | ||
Pfizer Investment Enterprises Pte. Ltd. | 4.650% | 5/19/30 | 74,826 | 73,614 | ||
Pfizer Investment Enterprises Pte. Ltd. | 4.750% | 5/19/33 | 132,862 | 129,468 | ||
1 | Piedmont Healthcare Inc. | 2.044% | 1/1/32 | 6,826 | 5,502 | |
1 | Providence St. Joseph Health Obligated Group | 2.532% | 10/1/29 | 15,122 | 13,167 | |
Providence St. Joseph Health Obligated Group | 5.403% | 10/1/33 | 15,890 | 15,815 | ||
Quest Diagnostics Inc. | 4.200% | 6/30/29 | 17,804 | 17,114 | ||
Quest Diagnostics Inc. | 2.950% | 6/30/30 | 24,627 | 21,678 | ||
Quest Diagnostics Inc. | 2.800% | 6/30/31 | 12,569 | 10,728 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Quest Diagnostics Inc. | 6.400% | 11/30/33 | 23,850 | 25,506 | ||
Regeneron Pharmaceuticals Inc. | 1.750% | 9/15/30 | 32,683 | 26,385 | ||
Revvity Inc. | 3.300% | 9/15/29 | 22,561 | 20,310 | ||
Revvity Inc. | 2.550% | 3/15/31 | 9,463 | 7,926 | ||
Revvity Inc. | 2.250% | 9/15/31 | 13,250 | 10,770 | ||
Royalty Pharma plc | 2.200% | 9/2/30 | 26,036 | 21,431 | ||
Royalty Pharma plc | 2.150% | 9/2/31 | 22,534 | 17,995 | ||
1 | Rush Obligated Group | 3.922% | 11/15/29 | 5,356 | 5,021 | |
Smith & Nephew plc | 2.032% | 10/14/30 | 26,658 | 21,864 | ||
1 | Stanford Health Care | 3.310% | 8/15/30 | 7,320 | 6,611 | |
STERIS Irish FinCo Unltd. Co. | 2.700% | 3/15/31 | 18,689 | 15,893 | ||
Stryker Corp. | 1.950% | 6/15/30 | 24,428 | 20,449 | ||
1 | Sutter Health | 2.294% | 8/15/30 | 17,570 | 14,943 | |
Sutter Health | 5.164% | 8/15/33 | 3,960 | 3,983 | ||
Takeda Pharmaceutical Co. Ltd. | 2.050% | 3/31/30 | 65,014 | 54,631 | ||
Thermo Fisher Scientific Inc. | 2.600% | 10/1/29 | 26,994 | 24,071 | ||
Thermo Fisher Scientific Inc. | 4.977% | 8/10/30 | 23,728 | 23,731 | ||
Thermo Fisher Scientific Inc. | 2.000% | 10/15/31 | 32,955 | 26,858 | ||
Thermo Fisher Scientific Inc. | 4.950% | 11/21/32 | 15,571 | 15,492 | ||
Thermo Fisher Scientific Inc. | 5.086% | 8/10/33 | 28,760 | 28,891 | ||
Thermo Fisher Scientific Inc. | 5.200% | 1/31/34 | 11,685 | 11,816 | ||
UnitedHealth Group Inc. | 4.000% | 5/15/29 | 19,814 | 19,041 | ||
UnitedHealth Group Inc. | 2.875% | 8/15/29 | 27,014 | 24,486 | ||
UnitedHealth Group Inc. | 5.300% | 2/15/30 | 40,482 | 41,246 | ||
UnitedHealth Group Inc. | 2.000% | 5/15/30 | 22,854 | 19,207 | ||
UnitedHealth Group Inc. | 2.300% | 5/15/31 | 51,748 | 43,341 | ||
UnitedHealth Group Inc. | 4.200% | 5/15/32 | 38,302 | 36,139 | ||
UnitedHealth Group Inc. | 5.350% | 2/15/33 | 43,108 | 43,946 | ||
UnitedHealth Group Inc. | 4.500% | 4/15/33 | 38,482 | 36,956 | ||
Universal Health Services Inc. | 2.650% | 10/15/30 | 21,132 | 17,639 | ||
Universal Health Services Inc. | 2.650% | 1/15/32 | 11,571 | 9,396 | ||
UPMC | 5.035% | 5/15/33 | 12,590 | 12,428 | ||
Viatris Inc. | 2.700% | 6/22/30 | 36,144 | 30,404 | ||
Zimmer Biomet Holdings Inc. | 5.350% | 12/1/28 | 5,968 | 6,030 | ||
Zimmer Biomet Holdings Inc. | 2.600% | 11/24/31 | 20,578 | 17,213 | ||
Zoetis Inc. | 2.000% | 5/15/30 | 21,188 | 17,770 | ||
Zoetis Inc. | 5.600% | 11/16/32 | 27,818 | 28,748 | ||
4,324,072 | ||||||
Industrials (5.9%) | ||||||
1 | 3M Co. | 3.375% | 3/1/29 | 10,778 | 9,926 | |
3M Co. | 2.375% | 8/26/29 | 20,477 | 17,763 | ||
3M Co. | 3.050% | 4/15/30 | 10,486 | 9,302 | ||
Acuity Brands Lighting Inc. | 2.150% | 12/15/30 | 14,084 | 11,543 | ||
Allegion plc | 3.500% | 10/1/29 | 11,531 | 10,530 | ||
Allegion US Holding Co. Inc. | 5.411% | 7/1/32 | 18,042 | 18,024 | ||
1 | American Airlines Pass-Through Trust Class A Series 2021-1 | 2.875% | 7/11/34 | 2,230 | 1,877 | |
1 | American Airlines Pass-Through Trust Class AA Series 2017-2 | 3.350% | 10/15/29 | 9,448 | 8,609 | |
1 | American Airlines Pass-Through Trust Class AA Series 2019-1 | 3.150% | 2/15/32 | 10,385 | 9,107 | |
Amphenol Corp. | 4.350% | 6/1/29 | 14,101 | 13,707 | ||
Amphenol Corp. | 2.800% | 2/15/30 | 23,177 | 20,641 | ||
Amphenol Corp. | 2.200% | 9/15/31 | 20,477 | 16,799 | ||
Boeing Co. | 3.200% | 3/1/29 | 28,812 | 26,042 | ||
Boeing Co. | 2.950% | 2/1/30 | 10,565 | 9,241 | ||
Boeing Co. | 5.150% | 5/1/30 | 143,576 | 141,154 | ||
Boeing Co. | 3.625% | 2/1/31 | 43,142 | 38,622 | ||
Boeing Co. | 3.600% | 5/1/34 | 7,225 | 6,092 | ||
Canadian National Railway Co. | 3.850% | 8/5/32 | 28,149 | 25,901 | ||
Canadian National Railway Co. | 5.850% | 11/1/33 | 6,400 | 6,792 | ||
Canadian Pacific Railway Co. | 2.875% | 11/15/29 | 8,154 | 7,252 | ||
Canadian Pacific Railway Co. | 2.050% | 3/5/30 | 14,990 | 12,633 | ||
Canadian Pacific Railway Co. | 7.125% | 10/15/31 | 9,072 | 10,135 | ||
Canadian Pacific Railway Co. | 2.450% | 12/2/31 | 36,147 | 32,105 | ||
Carrier Global Corp. | 2.722% | 2/15/30 | 53,792 | 47,076 | ||
Carrier Global Corp. | 2.700% | 2/15/31 | 16,844 | 14,358 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Caterpillar Inc. | 2.600% | 9/19/29 | 9,759 | 8,785 | ||
Caterpillar Inc. | 2.600% | 4/9/30 | 24,052 | 21,369 | ||
Caterpillar Inc. | 1.900% | 3/12/31 | 7,352 | 6,169 | ||
CSX Corp. | 4.250% | 3/15/29 | 31,562 | 30,742 | ||
CSX Corp. | 2.400% | 2/15/30 | 4,854 | 4,213 | ||
CSX Corp. | 4.100% | 11/15/32 | 32,721 | 30,530 | ||
Cummins Inc. | 1.500% | 9/1/30 | 22,714 | 18,347 | ||
Cummins Inc. | 5.150% | 2/20/34 | 10,000 | 9,990 | ||
Deere & Co. | 5.375% | 10/16/29 | 11,964 | 12,353 | ||
Deere & Co. | 3.100% | 4/15/30 | 36,328 | 33,053 | ||
Dover Corp. | 2.950% | 11/4/29 | 7,371 | 6,575 | ||
Eaton Corp. | 4.000% | 11/2/32 | 19,774 | 18,527 | ||
Eaton Corp. | 4.150% | 3/15/33 | 50,311 | 47,392 | ||
Emerson Electric Co. | 1.950% | 10/15/30 | 23,893 | 20,044 | ||
Emerson Electric Co. | 2.200% | 12/21/31 | 28,949 | 23,985 | ||
FedEx Corp. | 3.100% | 8/5/29 | 23,163 | 21,012 | ||
FedEx Corp. | 4.250% | 5/15/30 | 16,106 | 15,370 | ||
FedEx Corp. | 2.400% | 5/15/31 | 20,315 | 16,967 | ||
FedEx Corp. | 4.900% | 1/15/34 | 15,752 | 15,298 | ||
Flowserve Corp. | 3.500% | 10/1/30 | 14,225 | 12,513 | ||
General Dynamics Corp. | 3.625% | 4/1/30 | 31,960 | 29,822 | ||
General Dynamics Corp. | 2.250% | 6/1/31 | 8,795 | 7,377 | ||
HEICO Corp. | 5.350% | 8/1/33 | 15,520 | 15,426 | ||
Honeywell International Inc. | 2.700% | 8/15/29 | 19,778 | 17,794 | ||
4 | Honeywell International Inc. | 4.875% | 9/1/29 | 16,720 | 16,734 | |
Honeywell International Inc. | 1.950% | 6/1/30 | 26,411 | 22,318 | ||
Honeywell International Inc. | 1.750% | 9/1/31 | 32,192 | 25,867 | ||
4 | Honeywell International Inc. | 4.950% | 9/1/31 | 19,500 | 19,466 | |
Honeywell International Inc. | 5.000% | 2/15/33 | 25,243 | 25,292 | ||
Honeywell International Inc. | 4.500% | 1/15/34 | 26,363 | 25,364 | ||
Huntington Ingalls Industries Inc. | 4.200% | 5/1/30 | 16,961 | 15,946 | ||
IDEX Corp. | 3.000% | 5/1/30 | 20,661 | 18,040 | ||
Ingersoll Rand Inc. | 5.700% | 8/14/33 | 28,841 | 29,353 | ||
Jacobs Engineering Group Inc. | 5.900% | 3/1/33 | 13,558 | 13,556 | ||
1 | JetBlue Pass-Through Trust Class A Series 2020-1 | 4.000% | 11/15/32 | 5,836 | 5,322 | |
1 | JetBlue Pass-Through Trust Class AA Series 2019-1 | 2.750% | 5/15/32 | 5,532 | 4,653 | |
1 | John Deere Capital Corp. | 3.450% | 3/7/29 | 27,881 | 26,291 | |
1 | John Deere Capital Corp. | 3.350% | 4/18/29 | 4,858 | 4,559 | |
1 | John Deere Capital Corp. | 2.800% | 7/18/29 | 15,201 | 13,817 | |
1 | John Deere Capital Corp. | 2.450% | 1/9/30 | 20,420 | 17,944 | |
1 | John Deere Capital Corp. | 4.700% | 6/10/30 | 38,259 | 37,953 | |
John Deere Capital Corp. | 1.450% | 1/15/31 | 16,126 | 13,017 | ||
1 | John Deere Capital Corp. | 3.900% | 6/7/32 | 16,745 | 15,605 | |
1 | John Deere Capital Corp. | 4.350% | 9/15/32 | 15,879 | 15,358 | |
1 | John Deere Capital Corp. | 5.150% | 9/8/33 | 28,726 | 29,221 | |
Johnson Controls International plc | 1.750% | 9/15/30 | 21,014 | 17,140 | ||
Johnson Controls International plc | 2.000% | 9/16/31 | 9,717 | 7,805 | ||
Johnson Controls International plc | 4.900% | 12/1/32 | 5,954 | 5,845 | ||
Kennametal Inc. | 2.800% | 3/1/31 | 4,366 | 3,657 | ||
Keysight Technologies Inc. | 3.000% | 10/30/29 | 13,279 | 11,809 | ||
L3Harris Technologies Inc. | 1.800% | 1/15/31 | 24,361 | 19,586 | ||
L3Harris Technologies Inc. | 5.400% | 7/31/33 | 40,495 | 40,520 | ||
LKQ Corp. | 6.250% | 6/15/33 | 15,538 | 15,972 | ||
Lockheed Martin Corp. | 1.850% | 6/15/30 | 14,346 | 11,995 | ||
Lockheed Martin Corp. | 3.900% | 6/15/32 | 26,740 | 24,787 | ||
Lockheed Martin Corp. | 5.250% | 1/15/33 | 25,253 | 25,736 | ||
Nordson Corp. | 5.800% | 9/15/33 | 13,259 | 13,693 | ||
Norfolk Southern Corp. | 2.550% | 11/1/29 | 17,945 | 15,770 | ||
Norfolk Southern Corp. | 5.050% | 8/1/30 | 24,838 | 24,804 | ||
Norfolk Southern Corp. | 2.300% | 5/15/31 | 11,701 | 9,766 | ||
Norfolk Southern Corp. | 3.000% | 3/15/32 | 21,265 | 18,279 | ||
Norfolk Southern Corp. | 4.450% | 3/1/33 | 11,441 | 10,886 | ||
Northrop Grumman Corp. | 4.400% | 5/1/30 | 15,473 | 14,911 | ||
Northrop Grumman Corp. | 4.700% | 3/15/33 | 27,937 | 26,947 | ||
nVent Finance Sarl | 2.750% | 11/15/31 | 7,613 | 6,206 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
nVent Finance Sarl | 5.650% | 5/15/33 | 13,387 | 13,375 | ||
Oshkosh Corp. | 3.100% | 3/1/30 | 8,822 | 7,785 | ||
Otis Worldwide Corp. | 2.565% | 2/15/30 | 48,267 | 42,037 | ||
Parker-Hannifin Corp. | 3.250% | 6/14/29 | 40,352 | 37,129 | ||
Parker-Hannifin Corp. | 4.500% | 9/15/29 | 41,000 | 40,095 | ||
Pentair Finance Sarl | 4.500% | 7/1/29 | 12,298 | 11,861 | ||
Pentair Finance Sarl | 5.900% | 7/15/32 | 9,299 | 9,542 | ||
2 | Regal Rexnord Corp. | 6.300% | 2/15/30 | 28,834 | 29,339 | |
2 | Regal Rexnord Corp. | 6.400% | 4/15/33 | 31,154 | 31,973 | |
Republic Services Inc. | 4.875% | 4/1/29 | 8,100 | 8,064 | ||
Republic Services Inc. | 2.300% | 3/1/30 | 21,404 | 18,384 | ||
Republic Services Inc. | 1.450% | 2/15/31 | 27,264 | 21,472 | ||
Republic Services Inc. | 1.750% | 2/15/32 | 14,312 | 11,221 | ||
Republic Services Inc. | 2.375% | 3/15/33 | 4,944 | 3,962 | ||
Republic Services Inc. | 5.000% | 4/1/34 | 12,125 | 11,938 | ||
Rockwell Automation Inc. | 3.500% | 3/1/29 | 14,028 | 13,367 | ||
Rockwell Automation Inc. | 1.750% | 8/15/31 | 11,638 | 9,348 | ||
RTX Corp. | 2.250% | 7/1/30 | 22,706 | 19,216 | ||
RTX Corp. | 6.000% | 3/15/31 | 28,351 | 29,532 | ||
RTX Corp. | 1.900% | 9/1/31 | 27,098 | 21,575 | ||
RTX Corp. | 2.375% | 3/15/32 | 44,366 | 35,956 | ||
RTX Corp. | 5.150% | 2/27/33 | 28,193 | 27,904 | ||
Ryder System Inc. | 6.600% | 12/1/33 | 25,458 | 27,258 | ||
Southwest Airlines Co. | 2.625% | 2/10/30 | 24,321 | 21,023 | ||
Teledyne Technologies Inc. | 2.750% | 4/1/31 | 33,413 | 28,352 | ||
Textron Inc. | 3.900% | 9/17/29 | 7,735 | 7,221 | ||
Textron Inc. | 3.000% | 6/1/30 | 17,420 | 15,287 | ||
Textron Inc. | 2.450% | 3/15/31 | 10,138 | 8,464 | ||
Textron Inc. | 6.100% | 11/15/33 | 11,775 | 12,271 | ||
Timken Co. | 4.125% | 4/1/32 | 9,280 | 8,452 | ||
Trane Technologies Financing Ltd. | 3.800% | 3/21/29 | 14,316 | 13,533 | ||
Trane Technologies Financing Ltd. | 5.250% | 3/3/33 | 17,815 | 17,987 | ||
Trimble Inc. | 6.100% | 3/15/33 | 21,404 | 22,334 | ||
2 | Triton Container International Ltd. | 3.150% | 6/15/31 | 5,845 | 4,603 | |
Triton Container International Ltd. | 3.250% | 3/15/32 | 12,865 | 10,238 | ||
Tyco Electronics Group SA | 2.500% | 2/4/32 | 16,440 | 13,903 | ||
Union Pacific Corp. | 6.625% | 2/1/29 | 6,066 | 6,556 | ||
Union Pacific Corp. | 3.700% | 3/1/29 | 5,476 | 5,219 | ||
Union Pacific Corp. | 2.400% | 2/5/30 | 15,760 | 13,713 | ||
Union Pacific Corp. | 2.375% | 5/20/31 | 21,956 | 18,558 | ||
Union Pacific Corp. | 2.800% | 2/14/32 | 27,834 | 23,889 | ||
Union Pacific Corp. | 4.500% | 1/20/33 | 20,741 | 20,059 | ||
1 | United Airlines Pass-Through Trust Class A Series 2023-1 | 5.800% | 1/15/36 | 12,100 | 12,231 | |
1 | United Airlines Pass-Through Trust Class AA Series 2018-1 | 3.500% | 3/1/30 | 3,502 | 3,195 | |
1 | United Airlines Pass-Through Trust Class AA Series 2019-1 | 4.150% | 8/25/31 | 3,580 | 3,311 | |
1 | United Airlines Pass-Through Trust Class AA Series 2019-2 | 2.700% | 5/1/32 | 12,762 | 10,855 | |
United Parcel Service Inc. | 3.400% | 3/15/29 | 16,591 | 15,656 | ||
United Parcel Service Inc. | 2.500% | 9/1/29 | 6,513 | 5,809 | ||
United Parcel Service Inc. | 4.450% | 4/1/30 | 29,695 | 29,185 | ||
United Parcel Service Inc. | 4.875% | 3/3/33 | 30,743 | 30,513 | ||
1 | US Airways Pass-Through Trust Class A Series 2012-1 | 5.900% | 10/1/24 | 399 | 399 | |
2 | Veralto Corp. | 5.450% | 9/18/33 | 21,250 | 21,346 | |
Vontier Corp. | 2.950% | 4/1/31 | 17,598 | 14,487 | ||
Waste Connections Inc. | 4.250% | 12/1/28 | 2,031 | 1,967 | ||
Waste Connections Inc. | 3.500% | 5/1/29 | 13,530 | 12,674 | ||
Waste Connections Inc. | 2.600% | 2/1/30 | 15,210 | 13,402 | ||
Waste Connections Inc. | 2.200% | 1/15/32 | 17,200 | 13,922 | ||
Waste Connections Inc. | 3.200% | 6/1/32 | 10,982 | 9,560 | ||
Waste Connections Inc. | 4.200% | 1/15/33 | 20,182 | 18,849 | ||
Waste Management Inc. | 2.000% | 6/1/29 | 15,587 | 13,492 | ||
Waste Management Inc. | 4.625% | 2/15/30 | 18,843 | 18,531 | ||
Waste Management Inc. | 1.500% | 3/15/31 | 28,635 | 22,725 | ||
Waste Management Inc. | 4.150% | 4/15/32 | 22,373 | 21,075 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Waste Management Inc. | 4.625% | 2/15/33 | 10,529 | 10,158 | ||
Waste Management Inc. | 4.875% | 2/15/34 | 2,400 | 2,349 | ||
4 | Westinghouse Air Brake Technologies Corp. | 5.611% | 3/11/34 | 5,000 | 5,021 | |
Xylem Inc. | 2.250% | 1/30/31 | 13,525 | 11,331 | ||
2,766,712 | ||||||
Materials (3.1%) | ||||||
Air Products and Chemicals Inc. | 2.050% | 5/15/30 | 28,671 | 24,378 | ||
Air Products and Chemicals Inc. | 4.800% | 3/3/33 | 19,493 | 19,229 | ||
Albemarle Corp. | 5.050% | 6/1/32 | 16,881 | 16,027 | ||
Amcor Finance USA Inc. | 5.625% | 5/26/33 | 15,415 | 15,657 | ||
Amcor Flexibles North America Inc. | 2.630% | 6/19/30 | 8,995 | 7,674 | ||
Amcor Flexibles North America Inc. | 2.690% | 5/25/31 | 21,504 | 18,108 | ||
AngloGold Ashanti Holdings plc | 3.750% | 10/1/30 | 18,742 | 16,221 | ||
AptarGroup Inc. | 3.600% | 3/15/32 | 10,485 | 9,207 | ||
ArcelorMittal SA | 4.250% | 7/16/29 | 13,738 | 13,011 | ||
ArcelorMittal SA | 6.800% | 11/29/32 | 27,210 | 28,787 | ||
2 | Berry Global Inc. | 5.650% | 1/15/34 | 13,123 | 12,952 | |
BHP Billiton Finance USA Ltd. | 5.250% | 9/8/30 | 21,391 | 21,573 | ||
BHP Billiton Finance USA Ltd. | 4.900% | 2/28/33 | 12,484 | 12,314 | ||
BHP Billiton Finance USA Ltd. | 5.250% | 9/8/33 | 33,059 | 33,186 | ||
Cabot Corp. | 4.000% | 7/1/29 | 9,073 | 8,465 | ||
Cabot Corp. | 5.000% | 6/30/32 | 6,953 | 6,697 | ||
Carlisle Cos. Inc. | 2.750% | 3/1/30 | 19,661 | 17,100 | ||
Carlisle Cos. Inc. | 2.200% | 3/1/32 | 14,623 | 11,566 | ||
Celanese US Holdings LLC | 6.330% | 7/15/29 | 10,693 | 10,988 | ||
Celanese US Holdings LLC | 6.550% | 11/15/30 | 22,313 | 23,155 | ||
Celanese US Holdings LLC | 6.379% | 7/15/32 | 31,397 | 32,236 | ||
Celanese US Holdings LLC | 6.700% | 11/15/33 | 29,453 | 30,921 | ||
Dow Chemical Co. | 7.375% | 11/1/29 | 16,924 | 18,761 | ||
Dow Chemical Co. | 2.100% | 11/15/30 | 15,336 | 12,799 | ||
Dow Chemical Co. | 6.300% | 3/15/33 | 14,088 | 15,087 | ||
Eagle Materials Inc. | 2.500% | 7/1/31 | 19,900 | 16,517 | ||
Eastman Chemical Co. | 5.750% | 3/8/33 | 19,688 | 19,852 | ||
Eastman Chemical Co. | 5.625% | 2/20/34 | 13,145 | 13,061 | ||
Ecolab Inc. | 4.800% | 3/24/30 | 20,532 | 20,495 | ||
Ecolab Inc. | 1.300% | 1/30/31 | 19,108 | 15,118 | ||
Ecolab Inc. | 2.125% | 2/1/32 | 16,430 | 13,458 | ||
EIDP Inc. | 2.300% | 7/15/30 | 12,121 | 10,374 | ||
EIDP Inc. | 4.800% | 5/15/33 | 14,710 | 14,394 | ||
FMC Corp. | 3.450% | 10/1/29 | 12,310 | 10,938 | ||
FMC Corp. | 5.650% | 5/18/33 | 24,363 | 23,587 | ||
Freeport-McMoRan Inc. | 5.250% | 9/1/29 | 16,579 | 16,494 | ||
Freeport-McMoRan Inc. | 4.250% | 3/1/30 | 14,493 | 13,543 | ||
Freeport-McMoRan Inc. | 4.625% | 8/1/30 | 9,261 | 8,830 | ||
Georgia-Pacific LLC | 7.750% | 11/15/29 | 18,407 | 20,907 | ||
Georgia-Pacific LLC | 8.875% | 5/15/31 | 4,582 | 5,624 | ||
Huntsman International LLC | 4.500% | 5/1/29 | 19,274 | 18,311 | ||
Huntsman International LLC | 2.950% | 6/15/31 | 10,770 | 8,875 | ||
2 | Kinross Gold Corp. | 6.250% | 7/15/33 | 13,888 | 14,194 | |
Linde Inc. | 1.100% | 8/10/30 | 20,917 | 16,736 | ||
LYB International Finance III LLC | 2.250% | 10/1/30 | 15,246 | 12,692 | ||
LYB International Finance III LLC | 5.625% | 5/15/33 | 13,042 | 13,215 | ||
LYB International Finance III LLC | 5.500% | 3/1/34 | 19,800 | 19,650 | ||
1 | Martin Marietta Materials Inc. | 2.500% | 3/15/30 | 15,741 | 13,615 | |
Martin Marietta Materials Inc. | 2.400% | 7/15/31 | 26,814 | 22,277 | ||
Mosaic Co. | 5.450% | 11/15/33 | 5,942 | 5,872 | ||
NewMarket Corp. | 2.700% | 3/18/31 | 8,088 | 6,715 | ||
Newmont Corp. | 2.800% | 10/1/29 | 14,117 | 12,535 | ||
Newmont Corp. | 2.250% | 10/1/30 | 36,008 | 30,112 | ||
Newmont Corp. | 2.600% | 7/15/32 | 31,922 | 26,257 | ||
Nucor Corp. | 2.700% | 6/1/30 | 17,207 | 15,165 | ||
Nucor Corp. | 3.125% | 4/1/32 | 24,442 | 21,340 | ||
Nutrien Ltd. | 4.200% | 4/1/29 | 31,304 | 30,072 | ||
Nutrien Ltd. | 2.950% | 5/13/30 | 7,228 | 6,392 | ||
Packaging Corp. of America | 3.000% | 12/15/29 | 12,696 | 11,381 | ||
Packaging Corp. of America | 5.700% | 12/1/33 | 5,055 | 5,170 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PPG Industries Inc. | 2.800% | 8/15/29 | 6,654 | 5,964 | ||
PPG Industries Inc. | 2.550% | 6/15/30 | 9,034 | 7,794 | ||
Reliance Inc. | 2.150% | 8/15/30 | 15,121 | 12,546 | ||
Rio Tinto Alcan Inc. | 7.250% | 3/15/31 | 6,737 | 7,532 | ||
Rio Tinto Alcan Inc. | 6.125% | 12/15/33 | 16,373 | 17,401 | ||
Rio Tinto Finance USA plc | 5.000% | 3/9/33 | 13,015 | 12,998 | ||
Rohm & Haas Co. | 7.850% | 7/15/29 | 19,481 | 21,630 | ||
RPM International Inc. | 4.550% | 3/1/29 | 9,022 | 8,680 | ||
RPM International Inc. | 2.950% | 1/15/32 | 4,907 | 4,141 | ||
Sherwin-Williams Co. | 2.950% | 8/15/29 | 16,631 | 14,957 | ||
Sherwin-Williams Co. | 2.300% | 5/15/30 | 12,005 | 10,205 | ||
Sherwin-Williams Co. | 2.200% | 3/15/32 | 8,995 | 7,278 | ||
Sonoco Products Co. | 3.125% | 5/1/30 | 17,358 | 15,404 | ||
Sonoco Products Co. | 2.850% | 2/1/32 | 14,402 | 12,155 | ||
Steel Dynamics Inc. | 3.450% | 4/15/30 | 15,532 | 14,115 | ||
Steel Dynamics Inc. | 3.250% | 1/15/31 | 19,491 | 17,273 | ||
Suzano Austria GmbH | 5.000% | 1/15/30 | 26,374 | 25,097 | ||
Suzano Austria GmbH | 3.750% | 1/15/31 | 30,896 | 26,995 | ||
1 | Suzano Austria GmbH | 3.125% | 1/15/32 | 26,511 | 21,769 | |
Teck Resources Ltd. | 3.900% | 7/15/30 | 13,922 | 12,696 | ||
Vale Overseas Ltd. | 3.750% | 7/8/30 | 39,212 | 35,282 | ||
Vale Overseas Ltd. | 6.125% | 6/12/33 | 45,725 | 46,161 | ||
Vale Overseas Ltd. | 8.250% | 1/17/34 | 9,813 | 11,516 | ||
Vulcan Materials Co. | 3.500% | 6/1/30 | 19,969 | 18,199 | ||
Westlake Corp. | 3.375% | 6/15/30 | 6,400 | 5,717 | ||
WestRock MWV LLC | 8.200% | 1/15/30 | 15,670 | 17,817 | ||
WestRock MWV LLC | 7.950% | 2/15/31 | 6,868 | 7,825 | ||
WRKCo Inc. | 4.900% | 3/15/29 | 21,884 | 21,667 | ||
WRKCo Inc. | 4.200% | 6/1/32 | 5,784 | 5,435 | ||
WRKCo Inc. | 3.000% | 6/15/33 | 22,955 | 19,345 | ||
Yamana Gold Inc. | 2.630% | 8/15/31 | 12,093 | 9,974 | ||
1,445,435 | ||||||
Real Estate (5.7%) | ||||||
Agree LP | 2.900% | 10/1/30 | 6,202 | 5,284 | ||
Agree LP | 4.800% | 10/1/32 | 12,448 | 11,634 | ||
Alexandria Real Estate Equities Inc. | 3.950% | 1/15/28 | 1 | 1 | ||
Alexandria Real Estate Equities Inc. | 4.500% | 7/30/29 | 8,695 | 8,337 | ||
Alexandria Real Estate Equities Inc. | 2.750% | 12/15/29 | 12,468 | 10,848 | ||
Alexandria Real Estate Equities Inc. | 4.700% | 7/1/30 | 10,687 | 10,272 | ||
Alexandria Real Estate Equities Inc. | 4.900% | 12/15/30 | 20,447 | 19,900 | ||
Alexandria Real Estate Equities Inc. | 3.375% | 8/15/31 | 15,364 | 13,492 | ||
Alexandria Real Estate Equities Inc. | 2.000% | 5/18/32 | 24,092 | 18,598 | ||
Alexandria Real Estate Equities Inc. | 1.875% | 2/1/33 | 27,131 | 20,292 | ||
American Assets Trust LP | 3.375% | 2/1/31 | 11,234 | 9,087 | ||
American Homes 4 Rent LP | 2.375% | 7/15/31 | 13,924 | 11,215 | ||
American Homes 4 Rent LP | 3.625% | 4/15/32 | 18,313 | 15,956 | ||
American Homes 4 Rent LP | 5.500% | 2/1/34 | 12,270 | 12,045 | ||
American Tower Corp. | 3.950% | 3/15/29 | 20,714 | 19,439 | ||
American Tower Corp. | 3.800% | 8/15/29 | 42,759 | 39,578 | ||
American Tower Corp. | 2.900% | 1/15/30 | 18,956 | 16,628 | ||
American Tower Corp. | 2.100% | 6/15/30 | 18,514 | 15,239 | ||
American Tower Corp. | 1.875% | 10/15/30 | 18,928 | 15,201 | ||
American Tower Corp. | 2.700% | 4/15/31 | 23,266 | 19,515 | ||
American Tower Corp. | 2.300% | 9/15/31 | 10,353 | 8,356 | ||
American Tower Corp. | 4.050% | 3/15/32 | 22,639 | 20,587 | ||
American Tower Corp. | 5.650% | 3/15/33 | 28,029 | 28,186 | ||
American Tower Corp. | 5.550% | 7/15/33 | 26,717 | 26,709 | ||
1 | AvalonBay Communities Inc. | 3.300% | 6/1/29 | 6,283 | 5,793 | |
1 | AvalonBay Communities Inc. | 2.300% | 3/1/30 | 8,329 | 7,155 | |
1 | AvalonBay Communities Inc. | 2.450% | 1/15/31 | 11,900 | 10,148 | |
AvalonBay Communities Inc. | 2.050% | 1/15/32 | 14,197 | 11,583 | ||
AvalonBay Communities Inc. | 5.000% | 2/15/33 | 11,386 | 11,167 | ||
AvalonBay Communities Inc. | 5.300% | 12/7/33 | 16,089 | 16,130 | ||
Boston Properties LP | 3.400% | 6/21/29 | 33,180 | 29,280 | ||
Boston Properties LP | 2.900% | 3/15/30 | 22,209 | 18,772 | ||
Boston Properties LP | 3.250% | 1/30/31 | 44,111 | 37,138 | ||
Boston Properties LP | 2.550% | 4/1/32 | 21,236 | 16,501 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Boston Properties LP | 2.450% | 10/1/33 | 5,128 | 3,784 | ||
Boston Properties LP | 6.500% | 1/15/34 | 10,895 | 11,140 | ||
Brixmor Operating Partnership LP | 4.125% | 5/15/29 | 15,117 | 14,123 | ||
Brixmor Operating Partnership LP | 4.050% | 7/1/30 | 15,585 | 14,312 | ||
Brixmor Operating Partnership LP | 2.500% | 8/16/31 | 8,000 | 6,497 | ||
Brixmor Operating Partnership LP | 5.500% | 2/15/34 | 7,250 | 7,058 | ||
Broadstone Net Lease LLC | 2.600% | 9/15/31 | 7,671 | 5,951 | ||
Camden Property Trust | 3.150% | 7/1/29 | 15,554 | 14,150 | ||
Camden Property Trust | 2.800% | 5/15/30 | 19,150 | 16,828 | ||
Camden Property Trust | 4.900% | 1/15/34 | 10,900 | 10,460 | ||
CBRE Services Inc. | 2.500% | 4/1/31 | 11,978 | 9,836 | ||
COPT Defense Properties LP | 2.000% | 1/15/29 | 8,362 | 6,923 | ||
COPT Defense Properties LP | 2.750% | 4/15/31 | 18,514 | 14,933 | ||
Crown Castle Inc. | 3.100% | 11/15/29 | 11,063 | 9,789 | ||
Crown Castle Inc. | 3.300% | 7/1/30 | 19,071 | 16,843 | ||
Crown Castle Inc. | 2.250% | 1/15/31 | 27,272 | 22,291 | ||
Crown Castle Inc. | 2.100% | 4/1/31 | 30,044 | 24,089 | ||
Crown Castle Inc. | 2.500% | 7/15/31 | 21,147 | 17,317 | ||
Crown Castle Inc. | 5.100% | 5/1/33 | 20,800 | 20,080 | ||
Crown Castle Inc. | 5.800% | 3/1/34 | 18,000 | 18,261 | ||
CubeSmart LP | 3.000% | 2/15/30 | 8,451 | 7,377 | ||
CubeSmart LP | 2.000% | 2/15/31 | 15,487 | 12,440 | ||
CubeSmart LP | 2.500% | 2/15/32 | 13,955 | 11,268 | ||
Digital Realty Trust LP | 3.600% | 7/1/29 | 34,728 | 32,018 | ||
EPR Properties | 3.750% | 8/15/29 | 13,275 | 11,595 | ||
EPR Properties | 3.600% | 11/15/31 | 12,241 | 10,009 | ||
Equinix Inc. | 3.200% | 11/18/29 | 28,227 | 25,369 | ||
Equinix Inc. | 2.150% | 7/15/30 | 21,979 | 18,224 | ||
Equinix Inc. | 2.500% | 5/15/31 | 20,822 | 17,387 | ||
Equinix Inc. | 3.900% | 4/15/32 | 26,216 | 23,790 | ||
ERP Operating LP | 3.000% | 7/1/29 | 21,900 | 19,843 | ||
ERP Operating LP | 2.500% | 2/15/30 | 15,131 | 13,137 | ||
ERP Operating LP | 1.850% | 8/1/31 | 17,564 | 14,090 | ||
Essential Properties LP | 2.950% | 7/15/31 | 9,169 | 7,198 | ||
Essex Portfolio LP | 4.000% | 3/1/29 | 14,864 | 14,077 | ||
Essex Portfolio LP | 3.000% | 1/15/30 | 13,706 | 12,025 | ||
Essex Portfolio LP | 1.650% | 1/15/31 | 8,811 | 6,883 | ||
Essex Portfolio LP | 2.550% | 6/15/31 | 7,521 | 6,196 | ||
Essex Portfolio LP | 2.650% | 3/15/32 | 17,683 | 14,414 | ||
Extra Space Storage LP | 3.900% | 4/1/29 | 9,978 | 9,314 | ||
Extra Space Storage LP | 4.000% | 6/15/29 | 9,505 | 8,920 | ||
Extra Space Storage LP | 5.500% | 7/1/30 | 9,910 | 9,953 | ||
Extra Space Storage LP | 2.200% | 10/15/30 | 10,714 | 8,757 | ||
Extra Space Storage LP | 5.900% | 1/15/31 | 15,783 | 16,144 | ||
Extra Space Storage LP | 2.550% | 6/1/31 | 14,500 | 11,941 | ||
Extra Space Storage LP | 2.400% | 10/15/31 | 13,792 | 11,141 | ||
Extra Space Storage LP | 2.350% | 3/15/32 | 22,099 | 17,521 | ||
Federal Realty OP LP | 3.200% | 6/15/29 | 9,354 | 8,358 | ||
Federal Realty OP LP | 3.500% | 6/1/30 | 8,953 | 8,030 | ||
GLP Capital LP | 4.000% | 1/15/30 | 16,352 | 14,715 | ||
GLP Capital LP | 4.000% | 1/15/31 | 19,016 | 16,766 | ||
GLP Capital LP | 3.250% | 1/15/32 | 22,078 | 18,317 | ||
Healthcare Realty Holdings LP | 3.100% | 2/15/30 | 16,607 | 14,310 | ||
Healthcare Realty Holdings LP | 2.000% | 3/15/31 | 20,964 | 16,427 | ||
Healthpeak OP LLC | 3.500% | 7/15/29 | 17,548 | 16,033 | ||
Healthpeak OP LLC | 3.000% | 1/15/30 | 25,300 | 22,198 | ||
Healthpeak OP LLC | 2.875% | 1/15/31 | 15,539 | 13,214 | ||
Healthpeak OP LLC | 5.250% | 12/15/32 | 19,450 | 19,017 | ||
Highwoods Realty LP | 4.200% | 4/15/29 | 3,722 | 3,355 | ||
Highwoods Realty LP | 3.050% | 2/15/30 | 12,423 | 10,400 | ||
Highwoods Realty LP | 2.600% | 2/1/31 | 6,945 | 5,462 | ||
Highwoods Realty LP | 7.650% | 2/1/34 | 5,000 | 5,361 | ||
1 | Host Hotels & Resorts LP | 3.375% | 12/15/29 | 18,430 | 16,306 | |
1 | Host Hotels & Resorts LP | 3.500% | 9/15/30 | 24,699 | 21,774 | |
1 | Host Hotels & Resorts LP | 2.900% | 12/15/31 | 14,352 | 11,850 | |
Invitation Homes Operating Partnership LP | 5.450% | 8/15/30 | 5,779 | 5,754 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Invitation Homes Operating Partnership LP | 2.000% | 8/15/31 | 13,176 | 10,292 | ||
Invitation Homes Operating Partnership LP | 4.150% | 4/15/32 | 16,066 | 14,519 | ||
Invitation Homes Operating Partnership LP | 5.500% | 8/15/33 | 9,281 | 9,166 | ||
Kilroy Realty LP | 4.250% | 8/15/29 | 7,671 | 6,999 | ||
Kilroy Realty LP | 3.050% | 2/15/30 | 26,680 | 22,347 | ||
Kilroy Realty LP | 2.500% | 11/15/32 | 13,018 | 9,647 | ||
Kilroy Realty LP | 2.650% | 11/15/33 | 12,144 | 8,847 | ||
Kimco Realty OP LLC | 2.700% | 10/1/30 | 7,145 | 6,077 | ||
Kimco Realty OP LLC | 2.250% | 12/1/31 | 13,277 | 10,571 | ||
Kimco Realty OP LLC | 3.200% | 4/1/32 | 18,477 | 15,695 | ||
Kimco Realty OP LLC | 4.600% | 2/1/33 | 17,010 | 15,944 | ||
Kite Realty Group LP | 5.500% | 3/1/34 | 2,616 | 2,557 | ||
Kite Realty Group Trust | 4.750% | 9/15/30 | 8,320 | 7,851 | ||
LXP Industrial Trust | 2.700% | 9/15/30 | 9,291 | 7,666 | ||
LXP Industrial Trust | 2.375% | 10/1/31 | 10,672 | 8,460 | ||
Mid-America Apartments LP | 3.950% | 3/15/29 | 15,069 | 14,378 | ||
Mid-America Apartments LP | 2.750% | 3/15/30 | 5,031 | 4,422 | ||
Mid-America Apartments LP | 1.700% | 2/15/31 | 17,053 | 13,595 | ||
National Health Investors Inc. | 3.000% | 2/1/31 | 13,276 | 10,642 | ||
NNN REIT Inc. | 2.500% | 4/15/30 | 7,343 | 6,213 | ||
NNN REIT Inc. | 5.600% | 10/15/33 | 13,720 | 13,673 | ||
Omega Healthcare Investors Inc. | 3.625% | 10/1/29 | 10,282 | 9,030 | ||
Omega Healthcare Investors Inc. | 3.375% | 2/1/31 | 14,025 | 11,806 | ||
Omega Healthcare Investors Inc. | 3.250% | 4/15/33 | 22,266 | 17,700 | ||
Phillips Edison Grocery Center Operating Partnership I LP | 2.625% | 11/15/31 | 6,416 | 5,160 | ||
Physicians Realty LP | 2.625% | 11/1/31 | 8,869 | 7,222 | ||
Piedmont Operating Partnership LP | 3.150% | 8/15/30 | 8,289 | 6,360 | ||
Piedmont Operating Partnership LP | 2.750% | 4/1/32 | 8,113 | 5,733 | ||
Prologis LP | 3.875% | 9/15/28 | 1 | — | ||
Prologis LP | 2.875% | 11/15/29 | 12,133 | 10,895 | ||
Prologis LP | 2.250% | 4/15/30 | 31,932 | 27,382 | ||
Prologis LP | 1.750% | 7/1/30 | 9,170 | 7,538 | ||
Prologis LP | 1.250% | 10/15/30 | 16,589 | 13,153 | ||
Prologis LP | 1.750% | 2/1/31 | 11,009 | 8,917 | ||
Prologis LP | 1.625% | 3/15/31 | 6,811 | 5,401 | ||
Prologis LP | 2.250% | 1/15/32 | 15,103 | 12,337 | ||
Prologis LP | 4.625% | 1/15/33 | 16,354 | 15,736 | ||
Prologis LP | 4.750% | 6/15/33 | 19,182 | 18,580 | ||
Prologis LP | 5.125% | 1/15/34 | 8,725 | 8,636 | ||
Prologis LP | 5.000% | 3/15/34 | 10,000 | 9,826 | ||
Public Storage Operating Co. | 3.385% | 5/1/29 | 15,503 | 14,450 | ||
Public Storage Operating Co. | 2.300% | 5/1/31 | 11,352 | 9,525 | ||
Public Storage Operating Co. | 2.250% | 11/9/31 | 22,930 | 18,906 | ||
Public Storage Operating Co. | 5.100% | 8/1/33 | 13,035 | 13,020 | ||
Rayonier LP | 2.750% | 5/17/31 | 6,264 | 5,106 | ||
Realty Income Corp. | 3.250% | 6/15/29 | 13,076 | 11,964 | ||
Realty Income Corp. | 4.000% | 7/15/29 | 12,735 | 12,007 | ||
Realty Income Corp. | 3.100% | 12/15/29 | 13,205 | 11,858 | ||
Realty Income Corp. | 3.400% | 1/15/30 | 13,897 | 12,596 | ||
Realty Income Corp. | 4.850% | 3/15/30 | 20,688 | 20,279 | ||
Realty Income Corp. | 3.250% | 1/15/31 | 29,766 | 26,329 | ||
Realty Income Corp. | 3.200% | 2/15/31 | 8,490 | 7,417 | ||
Realty Income Corp. | 2.700% | 2/15/32 | 8,325 | 6,824 | ||
Realty Income Corp. | 5.625% | 10/13/32 | 28,635 | 28,922 | ||
Realty Income Corp. | 2.850% | 12/15/32 | 22,703 | 18,691 | ||
Realty Income Corp. | 4.900% | 7/15/33 | 15,764 | 15,040 | ||
Realty Income Corp. | 5.125% | 2/15/34 | 11,000 | 10,653 | ||
Regency Centers LP | 2.950% | 9/15/29 | 11,249 | 9,953 | ||
Regency Centers LP | 3.700% | 6/15/30 | 15,848 | 14,440 | ||
Regency Centers LP | 5.250% | 1/15/34 | 10,970 | 10,726 | ||
Rexford Industrial Realty LP | 2.125% | 12/1/30 | 12,247 | 9,916 | ||
Rexford Industrial Realty LP | 2.150% | 9/1/31 | 10,584 | 8,359 | ||
Sabra Health Care LP | 3.900% | 10/15/29 | 12,976 | 11,558 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Sabra Health Care LP | 3.200% | 12/1/31 | 32,716 | 26,573 | ||
Safehold GL Holdings LLC | 2.800% | 6/15/31 | 10,750 | 8,738 | ||
Safehold GL Holdings LLC | 2.850% | 1/15/32 | 7,537 | 6,063 | ||
Simon Property Group LP | 2.450% | 9/13/29 | 29,369 | 25,586 | ||
Simon Property Group LP | 2.650% | 7/15/30 | 19,300 | 16,748 | ||
Simon Property Group LP | 2.200% | 2/1/31 | 13,342 | 10,937 | ||
Simon Property Group LP | 2.250% | 1/15/32 | 13,208 | 10,621 | ||
Simon Property Group LP | 2.650% | 2/1/32 | 13,847 | 11,502 | ||
Simon Property Group LP | 5.500% | 3/8/33 | 12,437 | 12,543 | ||
Simon Property Group LP | 6.250% | 1/15/34 | 13,300 | 14,003 | ||
Store Capital LLC | 4.625% | 3/15/29 | 7,495 | 6,992 | ||
Store Capital LLC | 2.750% | 11/18/30 | 8,479 | 6,712 | ||
Store Capital LLC | 2.700% | 12/1/31 | 8,610 | 6,699 | ||
Sun Communities Operating LP | 2.700% | 7/15/31 | 25,348 | 20,673 | ||
Sun Communities Operating LP | 4.200% | 4/15/32 | 18,399 | 16,328 | ||
Sun Communities Operating LP | 5.700% | 1/15/33 | 8,136 | 8,009 | ||
Tanger Properties LP | 2.750% | 9/1/31 | 9,139 | 7,371 | ||
1 | UDR Inc. | 4.400% | 1/26/29 | 1 | — | |
1 | UDR Inc. | 3.200% | 1/15/30 | 15,766 | 14,104 | |
UDR Inc. | 3.000% | 8/15/31 | 16,206 | 13,903 | ||
1 | UDR Inc. | 2.100% | 8/1/32 | 6,472 | 5,004 | |
1 | UDR Inc. | 1.900% | 3/15/33 | 7,557 | 5,641 | |
1 | UDR Inc. | 2.100% | 6/15/33 | 7,611 | 5,737 | |
Ventas Realty LP | 3.000% | 1/15/30 | 24,052 | 20,993 | ||
Ventas Realty LP | 4.750% | 11/15/30 | 13,036 | 12,470 | ||
Ventas Realty LP | 2.500% | 9/1/31 | 8,194 | 6,668 | ||
VICI Properties LP | 4.950% | 2/15/30 | 26,650 | 25,436 | ||
VICI Properties LP | 5.125% | 5/15/32 | 37,908 | 35,602 | ||
Welltower OP LLC | 4.125% | 3/15/29 | 19,291 | 18,340 | ||
Welltower OP LLC | 3.100% | 1/15/30 | 19,136 | 17,064 | ||
Welltower OP LLC | 2.750% | 1/15/31 | 13,102 | 11,168 | ||
Welltower OP LLC | 2.800% | 6/1/31 | 20,052 | 17,013 | ||
Welltower OP LLC | 2.750% | 1/15/32 | 10,841 | 9,013 | ||
Welltower OP LLC | 3.850% | 6/15/32 | 12,586 | 11,283 | ||
Weyerhaeuser Co. | 4.000% | 11/15/29 | 26,845 | 25,210 | ||
Weyerhaeuser Co. | 4.000% | 4/15/30 | 27,396 | 25,603 | ||
Weyerhaeuser Co. | 7.375% | 3/15/32 | 18,505 | 20,893 | ||
Weyerhaeuser Co. | 3.375% | 3/9/33 | 12,124 | 10,474 | ||
WP Carey Inc. | 3.850% | 7/15/29 | 7,771 | 7,190 | ||
WP Carey Inc. | 2.400% | 2/1/31 | 13,590 | 11,180 | ||
WP Carey Inc. | 2.450% | 2/1/32 | 7,965 | 6,340 | ||
WP Carey Inc. | 2.250% | 4/1/33 | 8,242 | 6,258 | ||
2,711,606 | ||||||
Technology (8.0%) | ||||||
Adobe Inc. | 2.300% | 2/1/30 | 29,838 | 26,028 | ||
Advanced Micro Devices Inc. | 3.924% | 6/1/32 | 20,508 | 19,184 | ||
Amdocs Ltd. | 2.538% | 6/15/30 | 19,741 | 16,753 | ||
Analog Devices Inc. | 2.100% | 10/1/31 | 25,080 | 20,692 | ||
Apple Inc. | 3.250% | 8/8/29 | 24,972 | 23,348 | ||
Apple Inc. | 2.200% | 9/11/29 | 38,096 | 33,645 | ||
Apple Inc. | 4.150% | 5/10/30 | 4,365 | 4,285 | ||
Apple Inc. | 1.650% | 5/11/30 | 49,451 | 41,347 | ||
Apple Inc. | 1.250% | 8/20/30 | 45,751 | 37,027 | ||
Apple Inc. | 1.650% | 2/8/31 | 70,636 | 58,164 | ||
Apple Inc. | 1.700% | 8/5/31 | 38,894 | 31,673 | ||
Apple Inc. | 3.350% | 8/8/32 | 47,939 | 43,522 | ||
Apple Inc. | 4.300% | 5/10/33 | 7,135 | 7,044 | ||
Applied Materials Inc. | 1.750% | 6/1/30 | 14,430 | 12,034 | ||
Arrow Electronics Inc. | 2.950% | 2/15/32 | 13,166 | 10,989 | ||
Autodesk Inc. | 2.850% | 1/15/30 | 3,185 | 2,823 | ||
Autodesk Inc. | 2.400% | 12/15/31 | 26,898 | 22,313 | ||
Automatic Data Processing Inc. | 1.250% | 9/1/30 | 34,621 | 28,042 | ||
Avnet Inc. | 3.000% | 5/15/31 | 7,978 | 6,585 | ||
Avnet Inc. | 5.500% | 6/1/32 | 8,253 | 7,925 | ||
Booz Allen Hamilton Inc. | 5.950% | 8/4/33 | 17,200 | 17,698 | ||
2 | Broadcom Inc. | 4.000% | 4/15/29 | 16,318 | 15,441 | |
Broadcom Inc. | 4.750% | 4/15/29 | 41,364 | 40,589 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Broadcom Inc. | 5.000% | 4/15/30 | 21,141 | 21,067 | ||
Broadcom Inc. | 4.150% | 11/15/30 | 52,138 | 48,741 | ||
2 | Broadcom Inc. | 2.450% | 2/15/31 | 71,141 | 59,215 | |
2 | Broadcom Inc. | 4.150% | 4/15/32 | 29,373 | 26,966 | |
Broadcom Inc. | 4.300% | 11/15/32 | 59,467 | 55,067 | ||
2 | Broadcom Inc. | 2.600% | 2/15/33 | 37,102 | 29,776 | |
2 | Broadcom Inc. | 3.419% | 4/15/33 | 56,408 | 48,169 | |
Broadridge Financial Solutions Inc. | 2.900% | 12/1/29 | 12,147 | 10,693 | ||
Broadridge Financial Solutions Inc. | 2.600% | 5/1/31 | 30,972 | 25,950 | ||
CDW LLC | 3.569% | 12/1/31 | 27,453 | 23,807 | ||
2 | CGI Inc. | 2.300% | 9/14/31 | 1 | — | |
CGI Inc. | 2.300% | 9/14/31 | 7,067 | 5,653 | ||
Cintas Corp. No. 2 | 4.000% | 5/1/32 | 18,152 | 17,000 | ||
Cisco Systems Inc. | 4.950% | 2/26/31 | 45,130 | 45,168 | ||
Cisco Systems Inc. | 5.050% | 2/26/34 | 54,670 | 54,953 | ||
Concentrix Corp. | 6.850% | 8/2/33 | 14,890 | 14,561 | ||
Dell International LLC | 5.300% | 10/1/29 | 50,405 | 50,501 | ||
Dell International LLC | 6.200% | 7/15/30 | 19,529 | 20,433 | ||
Dell International LLC | 5.750% | 2/1/33 | 23,249 | 23,874 | ||
Equifax Inc. | 3.100% | 5/15/30 | 13,319 | 11,743 | ||
Equifax Inc. | 2.350% | 9/15/31 | 37,090 | 30,287 | ||
Fidelity National Information Services Inc. | 3.750% | 5/21/29 | 8,286 | 7,887 | ||
Fidelity National Information Services Inc. | 2.250% | 3/1/31 | 42,971 | 35,911 | ||
Fidelity National Information Services Inc. | 5.100% | 7/15/32 | 18,093 | 18,082 | ||
Fiserv Inc. | 3.500% | 7/1/29 | 81,165 | 74,634 | ||
Fiserv Inc. | 2.650% | 6/1/30 | 24,648 | 21,194 | ||
Fiserv Inc. | 5.600% | 3/2/33 | 22,927 | 23,115 | ||
Fiserv Inc. | 5.625% | 8/21/33 | 34,526 | 34,914 | ||
Flex Ltd. | 4.875% | 6/15/29 | 18,516 | 18,011 | ||
Flex Ltd. | 4.875% | 5/12/30 | 17,048 | 16,425 | ||
Fortinet Inc. | 2.200% | 3/15/31 | 13,169 | 10,890 | ||
HP Inc. | 4.000% | 4/15/29 | 28,628 | 27,264 | ||
HP Inc. | 3.400% | 6/17/30 | 11,070 | 9,965 | ||
HP Inc. | 2.650% | 6/17/31 | 32,484 | 27,106 | ||
HP Inc. | 4.200% | 4/15/32 | 13,346 | 12,305 | ||
HP Inc. | 5.500% | 1/15/33 | 34,255 | 34,269 | ||
Hubbell Inc. | 2.300% | 3/15/31 | 5,525 | 4,566 | ||
IBM International Capital Pte. Ltd. | 4.900% | 2/5/34 | 30,000 | 29,093 | ||
Intel Corp. | 4.000% | 8/5/29 | 25,425 | 24,309 | ||
Intel Corp. | 2.450% | 11/15/29 | 56,296 | 49,300 | ||
Intel Corp. | 5.125% | 2/10/30 | 36,564 | 36,852 | ||
Intel Corp. | 3.900% | 3/25/30 | 35,464 | 33,345 | ||
Intel Corp. | 2.000% | 8/12/31 | 44,078 | 35,771 | ||
Intel Corp. | 4.150% | 8/5/32 | 55,217 | 51,889 | ||
Intel Corp. | 5.200% | 2/10/33 | 52,435 | 52,457 | ||
Intel Corp. | 5.150% | 2/21/34 | 19,000 | 18,813 | ||
International Business Machines Corp. | 3.500% | 5/15/29 | 74,620 | 69,652 | ||
International Business Machines Corp. | 1.950% | 5/15/30 | 31,797 | 26,603 | ||
International Business Machines Corp. | 2.720% | 2/9/32 | 5,237 | 4,536 | ||
International Business Machines Corp. | 4.400% | 7/27/32 | 18,275 | 17,453 | ||
International Business Machines Corp. | 5.875% | 11/29/32 | 11,525 | 12,202 | ||
International Business Machines Corp. | 4.750% | 2/6/33 | 24,474 | 23,882 | ||
Intuit Inc. | 1.650% | 7/15/30 | 11,953 | 9,801 | ||
Intuit Inc. | 5.200% | 9/15/33 | 33,583 | 33,918 | ||
Jabil Inc. | 3.600% | 1/15/30 | 9,796 | 8,825 | ||
Jabil Inc. | 3.000% | 1/15/31 | 18,017 | 15,373 | ||
Juniper Networks Inc. | 3.750% | 8/15/29 | 15,151 | 14,043 | ||
Juniper Networks Inc. | 2.000% | 12/10/30 | 13,163 | 10,598 | ||
KLA Corp. | 4.650% | 7/15/32 | 21,120 | 20,587 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
KLA Corp. | 4.700% | 2/1/34 | 15,000 | 14,607 | ||
Kyndryl Holdings Inc. | 3.150% | 10/15/31 | 17,325 | 14,287 | ||
Kyndryl Holdings Inc. | 6.350% | 2/20/34 | 3,243 | 3,272 | ||
Lam Research Corp. | 4.000% | 3/15/29 | 29,598 | 28,521 | ||
Lam Research Corp. | 1.900% | 6/15/30 | 19,022 | 15,963 | ||
Leidos Inc. | 4.375% | 5/15/30 | 17,705 | 16,638 | ||
Leidos Inc. | 2.300% | 2/15/31 | 22,342 | 18,304 | ||
Leidos Inc. | 5.750% | 3/15/33 | 19,485 | 19,790 | ||
Marvell Technology Inc. | 2.950% | 4/15/31 | 19,837 | 16,988 | ||
Marvell Technology Inc. | 5.950% | 9/15/33 | 13,265 | 13,679 | ||
Micron Technology Inc. | 5.327% | 2/6/29 | 1 | 1 | ||
Micron Technology Inc. | 6.750% | 11/1/29 | 35,395 | 37,564 | ||
Micron Technology Inc. | 4.663% | 2/15/30 | 21,560 | 20,822 | ||
Micron Technology Inc. | 2.703% | 4/15/32 | 24,510 | 20,107 | ||
Micron Technology Inc. | 5.875% | 2/9/33 | 26,741 | 27,291 | ||
Micron Technology Inc. | 5.875% | 9/15/33 | 22,375 | 22,805 | ||
2 | Microsoft Corp. | 1.350% | 9/15/30 | 11,172 | 9,143 | |
Moody's Corp. | 2.000% | 8/19/31 | 17,318 | 14,001 | ||
Moody's Corp. | 4.250% | 8/8/32 | 12,898 | 12,183 | ||
Motorola Solutions Inc. | 4.600% | 5/23/29 | 21,634 | 21,031 | ||
Motorola Solutions Inc. | 2.300% | 11/15/30 | 15,500 | 12,765 | ||
Motorola Solutions Inc. | 2.750% | 5/24/31 | 17,382 | 14,501 | ||
Motorola Solutions Inc. | 5.600% | 6/1/32 | 7,224 | 7,246 | ||
NetApp Inc. | 2.700% | 6/22/30 | 18,348 | 15,731 | ||
NVIDIA Corp. | 2.850% | 4/1/30 | 42,331 | 38,119 | ||
NVIDIA Corp. | 2.000% | 6/15/31 | 33,109 | 27,659 | ||
NXP BV | 4.300% | 6/18/29 | 27,970 | 26,702 | ||
NXP BV | 3.400% | 5/1/30 | 19,335 | 17,309 | ||
NXP BV | 2.500% | 5/11/31 | 31,490 | 26,071 | ||
NXP BV | 2.650% | 2/15/32 | 12,386 | 10,168 | ||
NXP BV | 5.000% | 1/15/33 | 26,195 | 25,313 | ||
Oracle Corp. | 6.150% | 11/9/29 | 25,501 | 26,664 | ||
Oracle Corp. | 2.950% | 4/1/30 | 86,051 | 75,892 | ||
Oracle Corp. | 4.650% | 5/6/30 | 24,663 | 23,993 | ||
Oracle Corp. | 3.250% | 5/15/30 | 11,633 | 10,427 | ||
Oracle Corp. | 2.875% | 3/25/31 | 83,966 | 72,435 | ||
Oracle Corp. | 6.250% | 11/9/32 | 52,585 | 55,526 | ||
Oracle Corp. | 4.900% | 2/6/33 | 45,675 | 44,102 | ||
Qorvo Inc. | 4.375% | 10/15/29 | 20,895 | 19,431 | ||
QUALCOMM Inc. | 2.150% | 5/20/30 | 29,095 | 24,886 | ||
QUALCOMM Inc. | 1.650% | 5/20/32 | 33,537 | 26,176 | ||
QUALCOMM Inc. | 4.250% | 5/20/32 | 12,763 | 12,174 | ||
QUALCOMM Inc. | 5.400% | 5/20/33 | 15,428 | 15,986 | ||
Quanta Services Inc. | 2.900% | 10/1/30 | 24,494 | 21,236 | ||
Quanta Services Inc. | 2.350% | 1/15/32 | 8,074 | 6,463 | ||
RELX Capital Inc. | 4.000% | 3/18/29 | 27,754 | 26,507 | ||
RELX Capital Inc. | 3.000% | 5/22/30 | 19,307 | 17,237 | ||
RELX Capital Inc. | 4.750% | 5/20/32 | 12,866 | 12,635 | ||
Roper Technologies Inc. | 2.950% | 9/15/29 | 15,220 | 13,624 | ||
Roper Technologies Inc. | 2.000% | 6/30/30 | 8,617 | 7,158 | ||
Roper Technologies Inc. | 1.750% | 2/15/31 | 24,665 | 19,705 | ||
S&P Global Inc. | 2.700% | 3/1/29 | 32,729 | 29,599 | ||
S&P Global Inc. | 4.250% | 5/1/29 | 31,047 | 30,105 | ||
S&P Global Inc. | 2.500% | 12/1/29 | 18,826 | 16,588 | ||
S&P Global Inc. | 1.250% | 8/15/30 | 11,751 | 9,377 | ||
S&P Global Inc. | 2.900% | 3/1/32 | 44,949 | 38,708 | ||
2 | S&P Global Inc. | 5.250% | 9/15/33 | 13,410 | 13,550 | |
Salesforce Inc. | 1.950% | 7/15/31 | 46,964 | 38,460 | ||
ServiceNow Inc. | 1.400% | 9/1/30 | 40,614 | 32,579 | ||
Skyworks Solutions Inc. | 3.000% | 6/1/31 | 12,602 | 10,554 | ||
TD SYNNEX Corp. | 2.650% | 8/9/31 | 12,584 | 10,005 | ||
Teledyne FLIR LLC | 2.500% | 8/1/30 | 14,796 | 12,499 | ||
Texas Instruments Inc. | 2.250% | 9/4/29 | 15,447 | 13,632 | ||
Texas Instruments Inc. | 1.750% | 5/4/30 | 15,634 | 13,083 | ||
Texas Instruments Inc. | 1.900% | 9/15/31 | 11,791 | 9,731 | ||
Texas Instruments Inc. | 3.650% | 8/16/32 | 6,028 | 5,536 | ||
Texas Instruments Inc. | 4.900% | 3/14/33 | 22,955 | 22,974 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Texas Instruments Inc. | 4.850% | 2/8/34 | 25,000 | 24,850 | ||
TSMC Arizona Corp. | 4.125% | 4/22/29 | 16,053 | 15,520 | ||
TSMC Arizona Corp. | 2.500% | 10/25/31 | 31,823 | 26,939 | ||
TSMC Arizona Corp. | 4.250% | 4/22/32 | 11,345 | 10,956 | ||
Verisk Analytics Inc. | 4.125% | 3/15/29 | 19,045 | 18,275 | ||
Verisk Analytics Inc. | 5.750% | 4/1/33 | 16,048 | 16,577 | ||
VMware LLC | 4.700% | 5/15/30 | 39,837 | 38,309 | ||
VMware LLC | 2.200% | 8/15/31 | 28,670 | 23,117 | ||
Western Digital Corp. | 3.100% | 2/1/32 | 13,331 | 10,392 | ||
Workday Inc. | 3.700% | 4/1/29 | 23,622 | 22,078 | ||
Workday Inc. | 3.800% | 4/1/32 | 33,267 | 30,071 | ||
Xilinx Inc. | 2.375% | 6/1/30 | 18,337 | 15,869 | ||
3,787,386 | ||||||
Utilities (8.3%) | ||||||
1 | AEP Texas Inc. | 2.100% | 7/1/30 | 16,779 | 13,888 | |
AEP Texas Inc. | 4.700% | 5/15/32 | 9,330 | 8,890 | ||
AEP Texas Inc. | 5.400% | 6/1/33 | 11,278 | 11,255 | ||
AES Corp. | 2.450% | 1/15/31 | 26,517 | 21,656 | ||
1 | Alabama Power Co. | 1.450% | 9/15/30 | 12,990 | 10,433 | |
Alabama Power Co. | 3.050% | 3/15/32 | 9,309 | 8,059 | ||
Alabama Power Co. | 3.940% | 9/1/32 | 16,333 | 15,047 | ||
Alabama Power Co. | 5.850% | 11/15/33 | 4,420 | 4,625 | ||
Ameren Corp. | 3.500% | 1/15/31 | 25,068 | 22,583 | ||
Ameren Illinois Co. | 1.550% | 11/15/30 | 10,781 | 8,647 | ||
Ameren Illinois Co. | 3.850% | 9/1/32 | 17,566 | 15,994 | ||
Ameren Illinois Co. | 4.950% | 6/1/33 | 11,652 | 11,457 | ||
American Electric Power Co. Inc. | 2.300% | 3/1/30 | 8,706 | 7,360 | ||
American Electric Power Co. Inc. | 5.950% | 11/1/32 | 9,450 | 9,775 | ||
American Electric Power Co. Inc. | 5.625% | 3/1/33 | 22,774 | 22,937 | ||
American Water Capital Corp. | 3.450% | 6/1/29 | 9,860 | 9,166 | ||
American Water Capital Corp. | 2.800% | 5/1/30 | 6,503 | 5,692 | ||
American Water Capital Corp. | 2.300% | 6/1/31 | 14,360 | 11,885 | ||
American Water Capital Corp. | 4.450% | 6/1/32 | 20,757 | 19,847 | ||
American Water Capital Corp. | 5.150% | 3/1/34 | 6,100 | 6,049 | ||
1 | Appalachian Power Co. | 2.700% | 4/1/31 | 18,296 | 15,454 | |
1 | Appalachian Power Co. | 4.500% | 8/1/32 | 23,469 | 21,942 | |
Arizona Public Service Co. | 2.600% | 8/15/29 | 6,758 | 5,951 | ||
Arizona Public Service Co. | 6.350% | 12/15/32 | 12,162 | 12,879 | ||
Arizona Public Service Co. | 5.550% | 8/1/33 | 10,775 | 10,822 | ||
Atlantic City Electric Co. | 2.300% | 3/15/31 | 11,538 | 9,520 | ||
Atmos Energy Corp. | 2.625% | 9/15/29 | 13,551 | 12,063 | ||
Atmos Energy Corp. | 1.500% | 1/15/31 | 17,921 | 14,254 | ||
Atmos Energy Corp. | 5.450% | 10/15/32 | 8,286 | 8,484 | ||
Atmos Energy Corp. | 5.900% | 11/15/33 | 5,485 | 5,764 | ||
Avangrid Inc. | 3.800% | 6/1/29 | 20,816 | 19,394 | ||
Baltimore Gas & Electric Co. | 2.250% | 6/15/31 | 17,471 | 14,535 | ||
Berkshire Hathaway Energy Co. | 3.700% | 7/15/30 | 24,845 | 22,981 | ||
Berkshire Hathaway Energy Co. | 1.650% | 5/15/31 | 11,292 | 8,928 | ||
Black Hills Corp. | 3.050% | 10/15/29 | 10,155 | 9,005 | ||
Black Hills Corp. | 2.500% | 6/15/30 | 7,579 | 6,294 | ||
Black Hills Corp. | 4.350% | 5/1/33 | 10,915 | 9,939 | ||
Black Hills Corp. | 6.150% | 5/15/34 | 3,140 | 3,225 | ||
1 | CenterPoint Energy Houston Electric LLC | 2.350% | 4/1/31 | 10,528 | 8,845 | |
1 | CenterPoint Energy Houston Electric LLC | 3.000% | 3/1/32 | 7,699 | 6,657 | |
1 | CenterPoint Energy Houston Electric LLC | 4.450% | 10/1/32 | 15,441 | 14,701 | |
CenterPoint Energy Houston Electric LLC | 4.950% | 4/1/33 | 32,775 | 32,278 | ||
CenterPoint Energy Houston Electric LLC | 5.150% | 3/1/34 | 6,000 | 5,994 | ||
CenterPoint Energy Inc. | 2.950% | 3/1/30 | 10,938 | 9,659 | ||
CenterPoint Energy Inc. | 2.650% | 6/1/31 | 13,225 | 11,102 | ||
CenterPoint Energy Resources Corp. | 1.750% | 10/1/30 | 12,823 | 10,421 | ||
CenterPoint Energy Resources Corp. | 5.400% | 3/1/33 | 19,748 | 19,877 | ||
Cleco Corporate Holdings LLC | 3.375% | 9/15/29 | 1,330 | 1,156 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | CMS Energy Corp. | 4.750% | 6/1/50 | 14,156 | 12,917 | |
CMS Energy Corp. | 3.750% | 12/1/50 | 2,382 | 1,909 | ||
Commonwealth Edison Co. | 2.200% | 3/1/30 | 8,926 | 7,590 | ||
1 | Commonwealth Edison Co. | 3.150% | 3/15/32 | 4,335 | 3,781 | |
Commonwealth Edison Co. | 4.900% | 2/1/33 | 9,332 | 9,167 | ||
1 | Connecticut Light & Power Co. | 2.050% | 7/1/31 | 8,216 | 6,676 | |
Connecticut Light & Power Co. | 4.900% | 7/1/33 | 7,010 | 6,847 | ||
1 | Consolidated Edison Co. of New York Inc. | 3.350% | 4/1/30 | 17,004 | 15,545 | |
Consolidated Edison Co. of New York Inc. | 2.400% | 6/15/31 | 23,200 | 19,538 | ||
Consolidated Edison Co. of New York Inc. | 5.200% | 3/1/33 | 10,657 | 10,751 | ||
Consolidated Edison Co. of New York Inc. | 5.500% | 3/15/34 | 2,800 | 2,861 | ||
Constellation Energy Generation LLC | 5.800% | 3/1/33 | 16,171 | 16,525 | ||
Constellation Energy Generation LLC | 6.125% | 1/15/34 | 13,825 | 14,436 | ||
Consumers Energy Co. | 3.600% | 8/15/32 | 14,044 | 12,664 | ||
Consumers Energy Co. | 4.625% | 5/15/33 | 28,123 | 27,189 | ||
1 | Dominion Energy Inc. | 3.375% | 4/1/30 | 52,184 | 46,990 | |
1 | Dominion Energy Inc. | 2.250% | 8/15/31 | 24,038 | 19,441 | |
1 | Dominion Energy Inc. | 4.350% | 8/15/32 | 12,527 | 11,661 | |
Dominion Energy Inc. | 5.375% | 11/15/32 | 32,131 | 31,947 | ||
1 | Dominion Energy South Carolina Inc. | 2.300% | 12/1/31 | 13,792 | 11,314 | |
Dominion Energy South Carolina Inc. | 6.625% | 2/1/32 | 615 | 683 | ||
Dominion Energy South Carolina Inc. | 5.300% | 5/15/33 | 4,442 | 4,465 | ||
DTE Electric Co. | 2.250% | 3/1/30 | 19,605 | 16,827 | ||
1 | DTE Electric Co. | 2.625% | 3/1/31 | 17,929 | 15,399 | |
1 | DTE Electric Co. | 3.000% | 3/1/32 | 12,026 | 10,375 | |
DTE Electric Co. | 5.200% | 4/1/33 | 14,546 | 14,639 | ||
DTE Electric Co. | 5.200% | 3/1/34 | 9,000 | 8,967 | ||
1 | DTE Energy Co. | 3.400% | 6/15/29 | 15,412 | 14,104 | |
DTE Energy Co. | 2.950% | 3/1/30 | 12,160 | 10,652 | ||
Duke Energy Carolinas LLC | 2.450% | 8/15/29 | 5,973 | 5,268 | ||
Duke Energy Carolinas LLC | 2.450% | 2/1/30 | 5,951 | 5,203 | ||
Duke Energy Carolinas LLC | 2.550% | 4/15/31 | 21,677 | 18,575 | ||
Duke Energy Carolinas LLC | 2.850% | 3/15/32 | 8,536 | 7,243 | ||
Duke Energy Carolinas LLC | 4.950% | 1/15/33 | 32,809 | 32,282 | ||
Duke Energy Carolinas LLC | 4.850% | 1/15/34 | 23,666 | 22,982 | ||
Duke Energy Corp. | 3.400% | 6/15/29 | 16,590 | 15,276 | ||
Duke Energy Corp. | 2.450% | 6/1/30 | 17,553 | 15,014 | ||
Duke Energy Corp. | 2.550% | 6/15/31 | 30,123 | 25,099 | ||
Duke Energy Corp. | 4.500% | 8/15/32 | 34,972 | 32,808 | ||
Duke Energy Corp. | 5.750% | 9/15/33 | 23,563 | 23,990 | ||
Duke Energy Florida LLC | 2.500% | 12/1/29 | 20,694 | 18,185 | ||
Duke Energy Florida LLC | 1.750% | 6/15/30 | 20,120 | 16,596 | ||
Duke Energy Florida LLC | 2.400% | 12/15/31 | 18,194 | 15,043 | ||
Duke Energy Florida LLC | 5.875% | 11/15/33 | 27,047 | 28,311 | ||
4 | Duke Energy Indiana LLC | 5.250% | 3/1/34 | 4,500 | 4,489 | |
Duke Energy Ohio Inc. | 3.650% | 2/1/29 | 9,160 | 8,650 | ||
Duke Energy Ohio Inc. | 2.125% | 6/1/30 | 2,050 | 1,722 | ||
Duke Energy Ohio Inc. | 5.250% | 4/1/33 | 8,737 | 8,740 | ||
Duke Energy Progress LLC | 3.450% | 3/15/29 | 7,865 | 7,359 | ||
Duke Energy Progress LLC | 2.000% | 8/15/31 | 18,191 | 14,696 | ||
Duke Energy Progress LLC | 5.250% | 3/15/33 | 13,293 | 13,271 | ||
2 | East Ohio Gas Co. | 2.000% | 6/15/30 | 1,200 | 982 | |
Edison International | 6.950% | 11/15/29 | 18,644 | 19,871 | ||
Emera US Finance LP | 2.639% | 6/15/31 | 11,591 | 9,331 | ||
Entergy Arkansas LLC | 5.150% | 1/15/33 | 10,910 | 10,894 | ||
Entergy Arkansas LLC | 5.300% | 9/15/33 | 8,685 | 8,704 | ||
Entergy Corp. | 2.800% | 6/15/30 | 12,898 | 11,153 | ||
Entergy Corp. | 2.400% | 6/15/31 | 17,173 | 14,137 | ||
Entergy Louisiana LLC | 1.600% | 12/15/30 | 9,969 | 7,901 | ||
Entergy Louisiana LLC | 3.050% | 6/1/31 | 7,785 | 6,790 | ||
Entergy Louisiana LLC | 2.350% | 6/15/32 | 8,290 | 6,704 | ||
Entergy Texas Inc. | 4.000% | 3/30/29 | 14,061 | 13,420 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Entergy Texas Inc. | 1.750% | 3/15/31 | 18,406 | 14,733 | ||
Essential Utilities Inc. | 3.566% | 5/1/29 | 9,000 | 8,343 | ||
Essential Utilities Inc. | 2.704% | 4/15/30 | 12,844 | 11,054 | ||
Essential Utilities Inc. | 2.400% | 5/1/31 | 6,182 | 5,074 | ||
Essential Utilities Inc. | 5.375% | 1/15/34 | 17,060 | 16,761 | ||
Evergy Inc. | 2.900% | 9/15/29 | 32,464 | 28,771 | ||
Evergy Kansas Central Inc. | 5.900% | 11/15/33 | 1,445 | 1,501 | ||
1 | Evergy Metro Inc. | 2.250% | 6/1/30 | 6,913 | 5,842 | |
Evergy Metro Inc. | 4.950% | 4/15/33 | 8,067 | 7,887 | ||
1 | Eversource Energy | 4.250% | 4/1/29 | 16,000 | 15,242 | |
1 | Eversource Energy | 1.650% | 8/15/30 | 17,585 | 13,992 | |
Eversource Energy | 2.550% | 3/15/31 | 14,918 | 12,313 | ||
Eversource Energy | 3.375% | 3/1/32 | 28,337 | 24,325 | ||
Eversource Energy | 5.125% | 5/15/33 | 27,971 | 27,021 | ||
Exelon Corp. | 4.050% | 4/15/30 | 42,143 | 39,527 | ||
Exelon Corp. | 3.350% | 3/15/32 | 23,446 | 20,443 | ||
Exelon Corp. | 5.300% | 3/15/33 | 25,157 | 24,914 | ||
Exelon Corp. | 5.450% | 3/15/34 | 12,000 | 11,947 | ||
Florida Power & Light Co. | 4.625% | 5/15/30 | 17,401 | 17,125 | ||
Florida Power & Light Co. | 2.450% | 2/3/32 | 28,216 | 23,595 | ||
Florida Power & Light Co. | 5.100% | 4/1/33 | 29,972 | 29,861 | ||
Florida Power & Light Co. | 4.800% | 5/15/33 | 19,154 | 18,731 | ||
1 | Georgia Power Co. | 2.650% | 9/15/29 | 18,564 | 16,423 | |
Georgia Power Co. | 4.700% | 5/15/32 | 17,302 | 16,724 | ||
Georgia Power Co. | 4.950% | 5/17/33 | 25,737 | 25,146 | ||
Georgia Power Co. | 5.250% | 3/15/34 | 6,600 | 6,578 | ||
Interstate Power & Light Co. | 3.600% | 4/1/29 | 3,000 | 2,790 | ||
Interstate Power & Light Co. | 2.300% | 6/1/30 | 9,204 | 7,755 | ||
Interstate Power & Light Co. | 5.700% | 10/15/33 | 7,914 | 8,057 | ||
IPALCO Enterprises Inc. | 4.250% | 5/1/30 | 12,444 | 11,455 | ||
1 | Kentucky Utilities Co. | 5.450% | 4/15/33 | 8,862 | 8,941 | |
1 | Louisville Gas & Electric Co. | 5.450% | 4/15/33 | 14,368 | 14,501 | |
MidAmerican Energy Co. | 3.650% | 4/15/29 | 32,734 | 30,881 | ||
MidAmerican Energy Co. | 6.750% | 12/30/31 | 250 | 280 | ||
MidAmerican Energy Co. | 5.350% | 1/15/34 | 9,624 | 9,808 | ||
National Fuel Gas Co. | 2.950% | 3/1/31 | 14,521 | 12,113 | ||
National Grid plc | 5.809% | 6/12/33 | 26,903 | 27,186 | ||
National Grid plc | 5.418% | 1/11/34 | 22,105 | 21,556 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 4.850% | 2/7/29 | 2,500 | 2,479 | |
National Rural Utilities Cooperative Finance Corp. | 3.700% | 3/15/29 | 18,095 | 16,990 | ||
National Rural Utilities Cooperative Finance Corp. | 2.400% | 3/15/30 | 15,988 | 13,763 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 5.000% | 2/7/31 | 15,270 | 15,069 | |
National Rural Utilities Cooperative Finance Corp. | 1.350% | 3/15/31 | 11,675 | 9,063 | ||
1 | National Rural Utilities Cooperative Finance Corp. | 1.650% | 6/15/31 | 5,660 | 4,477 | |
1 | National Rural Utilities Cooperative Finance Corp. | 8.000% | 3/1/32 | 8,570 | 9,924 | |
National Rural Utilities Cooperative Finance Corp. | 2.750% | 4/15/32 | 11,462 | 9,637 | ||
National Rural Utilities Cooperative Finance Corp. | 4.023% | 11/1/32 | 6,485 | 5,966 | ||
National Rural Utilities Cooperative Finance Corp. | 5.800% | 1/15/33 | 21,956 | 22,704 | ||
1 | Nevada Power Co. | 3.700% | 5/1/29 | 17,522 | 16,533 | |
1 | Nevada Power Co. | 2.400% | 5/1/30 | 9,742 | 8,285 | |
NextEra Energy Capital Holdings Inc. | 3.500% | 4/1/29 | 19,046 | 17,613 | ||
NextEra Energy Capital Holdings Inc. | 2.750% | 11/1/29 | 23,247 | 20,489 | ||
NextEra Energy Capital Holdings Inc. | 2.250% | 6/1/30 | 52,873 | 44,494 | ||
NextEra Energy Capital Holdings Inc. | 2.440% | 1/15/32 | 20,950 | 17,012 | ||
NextEra Energy Capital Holdings Inc. | 5.000% | 7/15/32 | 30,349 | 29,579 | ||
NextEra Energy Capital Holdings Inc. | 5.050% | 2/28/33 | 31,309 | 30,524 | ||
4 | NextEra Energy Capital Holdings Inc. | 6.700% | 9/1/54 | 26,600 | 26,505 | |
1 | NextEra Energy Capital Holdings Inc. | 4.800% | 12/1/77 | 10,326 | 9,350 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | NextEra Energy Capital Holdings Inc. | 5.650% | 5/1/79 | 3,414 | 3,283 | |
NiSource Inc. | 2.950% | 9/1/29 | 22,868 | 20,562 | ||
NiSource Inc. | 3.600% | 5/1/30 | 33,167 | 30,360 | ||
NiSource Inc. | 1.700% | 2/15/31 | 24,509 | 19,443 | ||
NiSource Inc. | 5.400% | 6/30/33 | 13,940 | 13,921 | ||
Northern States Power Co. | 2.250% | 4/1/31 | 2,823 | 2,365 | ||
NSTAR Electric Co. | 3.250% | 5/15/29 | 10,072 | 9,362 | ||
NSTAR Electric Co. | 3.950% | 4/1/30 | 10,857 | 10,178 | ||
1 | Ohio Power Co. | 2.600% | 4/1/30 | 8,835 | 7,645 | |
1 | Ohio Power Co. | 1.625% | 1/15/31 | 15,531 | 12,385 | |
Ohio Power Co. | 5.000% | 6/1/33 | 10,330 | 10,132 | ||
Oklahoma Gas & Electric Co. | 3.300% | 3/15/30 | 7,952 | 7,160 | ||
Oklahoma Gas & Electric Co. | 3.250% | 4/1/30 | 7,569 | 6,792 | ||
Oklahoma Gas & Electric Co. | 5.400% | 1/15/33 | 12,314 | 12,515 | ||
Oncor Electric Delivery Co. LLC | 5.750% | 3/15/29 | 9,590 | 9,915 | ||
Oncor Electric Delivery Co. LLC | 2.750% | 5/15/30 | 26,810 | 23,550 | ||
Oncor Electric Delivery Co. LLC | 7.000% | 5/1/32 | 5,092 | 5,672 | ||
Oncor Electric Delivery Co. LLC | 4.150% | 6/1/32 | 19,594 | 18,351 | ||
Oncor Electric Delivery Co. LLC | 4.550% | 9/15/32 | 15,877 | 15,231 | ||
Oncor Electric Delivery Co. LLC | 5.650% | 11/15/33 | 27,025 | 27,865 | ||
ONE Gas Inc. | 2.000% | 5/15/30 | 8,006 | 6,656 | ||
ONE Gas Inc. | 4.250% | 9/1/32 | 5,020 | 4,753 | ||
Pacific Gas & Electric Co. | 4.200% | 3/1/29 | 3,966 | 3,742 | ||
Pacific Gas & Electric Co. | 4.550% | 7/1/30 | 79,497 | 74,769 | ||
Pacific Gas & Electric Co. | 2.500% | 2/1/31 | 54,256 | 44,495 | ||
Pacific Gas & Electric Co. | 3.250% | 6/1/31 | 23,840 | 20,426 | ||
Pacific Gas & Electric Co. | 4.400% | 3/1/32 | 7,362 | 6,700 | ||
Pacific Gas & Electric Co. | 5.900% | 6/15/32 | 28,562 | 28,706 | ||
Pacific Gas & Electric Co. | 6.150% | 1/15/33 | 24,784 | 25,359 | ||
Pacific Gas & Electric Co. | 6.400% | 6/15/33 | 22,521 | 23,419 | ||
Pacific Gas & Electric Co. | 5.800% | 5/15/34 | 12,000 | 11,982 | ||
PacifiCorp | 3.500% | 6/15/29 | 16,208 | 14,943 | ||
PacifiCorp | 2.700% | 9/15/30 | 8,836 | 7,582 | ||
PacifiCorp | 5.300% | 2/15/31 | 14,266 | 14,143 | ||
PECO Energy Co. | 4.900% | 6/15/33 | 20,256 | 20,053 | ||
Piedmont Natural Gas Co. Inc. | 3.500% | 6/1/29 | 16,046 | 14,773 | ||
Piedmont Natural Gas Co. Inc. | 2.500% | 3/15/31 | 10,886 | 9,105 | ||
Piedmont Natural Gas Co. Inc. | 5.400% | 6/15/33 | 9,102 | 9,129 | ||
4 | Potomac Electric Power Co. | 5.200% | 3/15/34 | 5,300 | 5,269 | |
PPL Electric Utilities Corp. | 5.000% | 5/15/33 | 17,432 | 17,333 | ||
PPL Electric Utilities Corp. | 4.850% | 2/15/34 | 12,500 | 12,173 | ||
Progress Energy Inc. | 7.750% | 3/1/31 | 22,309 | 25,199 | ||
Progress Energy Inc. | 7.000% | 10/30/31 | 20,526 | 22,652 | ||
1 | Public Service Co. of Colorado | 1.900% | 1/15/31 | 9,133 | 7,435 | |
Public Service Co. of Colorado | 1.875% | 6/15/31 | 27,672 | 22,288 | ||
1 | Public Service Co. of Colorado | 4.100% | 6/1/32 | 12,231 | 11,357 | |
Public Service Co. of New Hampshire | 5.350% | 10/1/33 | 8,347 | 8,434 | ||
Public Service Co. of Oklahoma | 5.250% | 1/15/33 | 3,893 | 3,855 | ||
1 | Public Service Electric & Gas Co. | 2.450% | 1/15/30 | 10,183 | 8,855 | |
1 | Public Service Electric & Gas Co. | 1.900% | 8/15/31 | 11,585 | 9,332 | |
1 | Public Service Electric & Gas Co. | 3.100% | 3/15/32 | 23,316 | 20,295 | |
1 | Public Service Electric & Gas Co. | 4.900% | 12/15/32 | 10,760 | 10,613 | |
1 | Public Service Electric & Gas Co. | 4.650% | 3/15/33 | 13,814 | 13,359 | |
Public Service Electric & Gas Co. | 5.200% | 8/1/33 | 12,968 | 13,057 | ||
1,4 | Public Service Electric & Gas Co. | 5.200% | 3/1/34 | 7,000 | 7,009 | |
Public Service Enterprise Group Inc. | 1.600% | 8/15/30 | 13,877 | 11,147 | ||
Public Service Enterprise Group Inc. | 2.450% | 11/15/31 | 18,034 | 14,667 | ||
Public Service Enterprise Group Inc. | 6.125% | 10/15/33 | 7,731 | 8,068 | ||
Puget Energy Inc. | 4.100% | 6/15/30 | 12,739 | 11,534 | ||
Puget Energy Inc. | 4.224% | 3/15/32 | 12,586 | 11,238 | ||
1 | San Diego Gas & Electric Co. | 1.700% | 10/1/30 | 21,474 | 17,474 | |
1 | San Diego Gas & Electric Co. | 3.000% | 3/15/32 | 13,443 | 11,610 | |
Sempra | 3.700% | 4/1/29 | 11,132 | 10,370 | ||
Sempra | 5.500% | 8/1/33 | 18,816 | 18,706 | ||
1 | Southern California Edison Co. | 4.200% | 3/1/29 | 16,000 | 15,393 | |
Southern California Edison Co. | 6.650% | 4/1/29 | 2,269 | 2,381 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
4 | Southern California Edison Co. | 5.150% | 6/1/29 | 14,725 | 14,735 | |
Southern California Edison Co. | 2.850% | 8/1/29 | 11,275 | 10,096 | ||
Southern California Edison Co. | 2.250% | 6/1/30 | 20,526 | 17,324 | ||
1 | Southern California Edison Co. | 2.500% | 6/1/31 | 18,369 | 15,417 | |
Southern California Edison Co. | 2.750% | 2/1/32 | 14,320 | 12,025 | ||
Southern California Edison Co. | 5.950% | 11/1/32 | 18,763 | 19,554 | ||
Southern California Edison Co. | 6.000% | 1/15/34 | 14,093 | 14,686 | ||
Southern California Edison Co. | 5.200% | 6/1/34 | 4,250 | 4,157 | ||
1 | Southern California Gas Co. | 2.550% | 2/1/30 | 14,245 | 12,368 | |
Southern California Gas Co. | 5.200% | 6/1/33 | 13,396 | 13,304 | ||
Southern Co. | 5.500% | 3/15/29 | 15,000 | 15,196 | ||
1 | Southern Co. | 3.700% | 4/30/30 | 29,436 | 27,136 | |
Southern Co. | 5.700% | 10/15/32 | 20,582 | 21,080 | ||
Southern Co. | 5.200% | 6/15/33 | 29,290 | 28,835 | ||
Southern Co. | 5.700% | 3/15/34 | 7,500 | 7,647 | ||
1 | Southern Co. Gas Capital Corp. | 1.750% | 1/15/31 | 20,776 | 16,648 | |
Southern Co. Gas Capital Corp. | 5.150% | 9/15/32 | 15,523 | 15,385 | ||
Southern Co. Gas Capital Corp. | 5.750% | 9/15/33 | 13,166 | 13,483 | ||
Southwest Gas Corp. | 2.200% | 6/15/30 | 4,239 | 3,537 | ||
Southwest Gas Corp. | 4.050% | 3/15/32 | 16,204 | 14,824 | ||
Southwestern Electric Power Co. | 5.300% | 4/1/33 | 18,779 | 18,507 | ||
Spire Missouri Inc. | 4.800% | 2/15/33 | 9,793 | 9,515 | ||
Tampa Electric Co. | 2.400% | 3/15/31 | 11,177 | 9,258 | ||
Tucson Electric Power Co. | 1.500% | 8/1/30 | 6,989 | 5,615 | ||
Tucson Electric Power Co. | 3.250% | 5/15/32 | 8,649 | 7,542 | ||
Union Electric Co. | 3.500% | 3/15/29 | 9,000 | 8,394 | ||
Union Electric Co. | 2.950% | 3/15/30 | 10,897 | 9,661 | ||
Union Electric Co. | 2.150% | 3/15/32 | 7,309 | 5,873 | ||
1 | Virginia Electric & Power Co. | 2.875% | 7/15/29 | 21,038 | 19,030 | |
Virginia Electric & Power Co. | 2.300% | 11/15/31 | 14,193 | 11,690 | ||
Virginia Electric & Power Co. | 2.400% | 3/30/32 | 17,819 | 14,652 | ||
Virginia Electric & Power Co. | 5.000% | 4/1/33 | 29,152 | 28,550 | ||
Virginia Electric & Power Co. | 5.300% | 8/15/33 | 20,330 | 20,276 | ||
WEC Energy Group Inc. | 1.800% | 10/15/30 | 12,521 | 10,145 | ||
Wisconsin Electric Power Co. | 4.750% | 9/30/32 | 13,753 | 13,478 | ||
Wisconsin Electric Power Co. | 5.625% | 5/15/33 | 6,790 | 7,103 | ||
Wisconsin Power & Light Co. | 3.000% | 7/1/29 | 8,326 | 7,608 | ||
Wisconsin Power & Light Co. | 1.950% | 9/16/31 | 7,377 | 5,884 | ||
Wisconsin Power & Light Co. | 3.950% | 9/1/32 | 15,915 | 14,645 | ||
Wisconsin Power & Light Co. | 4.950% | 4/1/33 | 10,477 | 10,211 | ||
Xcel Energy Inc. | 2.600% | 12/1/29 | 14,992 | 13,154 | ||
Xcel Energy Inc. | 3.400% | 6/1/30 | 11,870 | 10,704 | ||
Xcel Energy Inc. | 2.350% | 11/15/31 | 3,050 | 2,478 | ||
Xcel Energy Inc. | 4.600% | 6/1/32 | 25,031 | 23,321 | ||
Xcel Energy Inc. | 5.450% | 8/15/33 | 17,740 | 17,644 | ||
Xcel Energy Inc. | 5.500% | 3/15/34 | 20,150 | 19,808 | ||
3,924,278 | ||||||
Total Corporate Bonds (Cost $49,862,935) | 46,586,775 |
Coupon | Shares | Market Value• ($000) | ||||
Temporary Cash Investments (0.1%) | ||||||
Money Market Fund (0.1%) | ||||||
5 | Vanguard Market Liquidity Fund (Cost $31,382) | 5.400% | 313,884 | 31,385 | ||
Total Investments (98.7%) (Cost $49,900,147) | 46,624,014 | |||||
Other Assets and Liabilities—Net (1.3%) | 629,045 | |||||
Net Assets (100%) | 47,253,059 |
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 29, 2024, the aggregate value was $413,623,000, representing 0.9% of net assets. |
3 | Securities with a value of $9,772,000 have been segregated as initial margin for open futures contracts. |
4 | Includes securities purchased on a when-issued or delayed-delivery basis for which the fund has not taken delivery as of February 29, 2024. |
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. | |
REIT—Real Estate Investment Trust. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
Ultra 10-Year U.S. Treasury Note | June 2024 | 1,580 | 180,392 | (73) |
Short Futures Contracts | ||||
10-Year U.S. Treasury Note | June 2024 | (1,307) | (144,342) | (201) |
(274) |
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 Purchased | ||||||
CDX-NA-IG-S41-V1 | 12/20/28 | USD | 150,000 | (1.000) | (3,377) | (311) |
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 $49,868,765) | 46,592,629 |
Affiliated Issuers (Cost $31,382) | 31,385 |
Total Investments in Securities | 46,624,014 |
Investment in Vanguard | 1,526 |
Cash | 113 |
Receivables for Investment Securities Sold | 1,112,582 |
Receivables for Accrued Income | 536,698 |
Receivables for Capital Shares Issued | 2,193 |
Total Assets | 48,277,126 |
Liabilities | |
Payables for Investment Securities Purchased | 1,020,301 |
Payables for Capital Shares Redeemed | 1,416 |
Payables for Distributions | 1,191 |
Payables to Vanguard | 739 |
Variation Margin Payable—Futures Contracts | 395 |
Variation Margin Payable—Centrally Cleared Swap Contracts | 25 |
Total Liabilities | 1,024,067 |
Net Assets | 47,253,059 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 53,504,446 |
Total Distributable Earnings (Loss) | (6,251,387) |
Net Assets | 47,253,059 |
ETF Shares—Net Assets | |
Applicable to 573,719,556 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 45,723,611 |
Net Asset Value Per Share—ETF Shares | $79.70 |
Admiral Shares—Net Assets | |
Applicable to 56,881,521 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,219,504 |
Net Asset Value Per Share—Admiral Shares | $21.44 |
Institutional Shares—Net Assets | |
Applicable to 11,700,350 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 309,944 |
Net Asset Value Per Share—Institutional Shares | $26.49 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 901,277 |
Total Income | 901,277 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 449 |
Management and Administrative—ETF Shares | 5,971 |
Management and Administrative—Admiral Shares | 357 |
Management and Administrative—Institutional Shares | 67 |
Marketing and Distribution—ETF Shares | 1,117 |
Marketing and Distribution—Admiral Shares | 28 |
Marketing and Distribution—Institutional Shares | 4 |
Custodian Fees | 135 |
Shareholders’ Reports—ETF Shares | 543 |
Shareholders’ Reports—Admiral Shares | 6 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 16 |
Other Expenses | 10 |
Total Expenses | 8,703 |
Net Investment Income | 892,574 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | (741,503) |
Futures Contracts | (3,321) |
Swap Contracts | 298 |
Realized Net Gain (Loss) | (744,526) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 1,368,828 |
Futures Contracts | 168 |
Swap Contracts | (311) |
Change in Unrealized Appreciation (Depreciation) | 1,368,685 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,516,733 |
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 $2,396,000, $4,000, $2,000, and $2,000, respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes ($195,144,000) of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 892,574 | 1,474,238 | |
Realized Net Gain (Loss) | (744,526) | (2,276,602) | |
Change in Unrealized Appreciation (Depreciation) | 1,368,685 | 1,442,477 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 1,516,733 | 640,113 | |
Distributions | |||
ETF Shares | (839,248) | (1,395,436) | |
Admiral Shares | (24,300) | (40,629) | |
Institutional Shares | (6,339) | (10,435) | |
Total Distributions | (869,887) | (1,446,500) | |
Capital Share Transactions | |||
ETF Shares | 4,840,574 | (21,734) | |
Admiral Shares | 43,160 | 41,155 | |
Institutional Shares | 5,869 | (31,538) | |
Net Increase (Decrease) from Capital Share Transactions | 4,889,603 | (12,117) | |
Total Increase (Decrease) | 5,536,449 | (818,504) | |
Net Assets | |||
Beginning of Period | 41,716,610 | 42,535,114 | |
End of Period | 47,253,059 | 41,716,610 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $78.27 | $79.83 | $95.57 | $95.98 | $91.82 | $84.02 |
Investment Operations | ||||||
Net Investment Income1 | 1.634 | 2.808 | 2.171 | 2.163 | 2.761 | 3.132 |
Net Realized and Unrealized Gain (Loss) on Investments | 1.411 | (1.605) | (15.176) | (.205) | 4.205 | 7.768 |
Total from Investment Operations | 3.045 | 1.203 | (13.005) | 1.958 | 6.966 | 10.900 |
Distributions | ||||||
Dividends from Net Investment Income | (1.615) | (2.763) | (2.141) | (2.169) | (2.806) | (3.100) |
Distributions from Realized Capital Gains | — | — | (.594) | (.199) | — | — |
Total Distributions | (1.615) | (2.763) | (2.735) | (2.368) | (2.806) | (3.100) |
Net Asset Value, End of Period | $79.70 | $78.27 | $79.83 | $95.57 | $95.98 | $91.82 |
Total Return | 3.95% | 1.55% | -13.86% | 2.08% | 7.78% | 13.33% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $45,724 | $40,262 | $41,058 | $46,873 | $38,944 | $24,080 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.04%2 | 0.04%2 | 0.04% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 4.20% | 3.58% | 2.48% | 2.27% | 2.99% | 3.65% |
Portfolio Turnover Rate3 | 33% | 76% | 58% | 53% | 72% | 59% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $21.06 | $21.49 | $25.75 | $25.86 | $24.71 | $22.61 |
Investment Operations | ||||||
Net Investment Income1 | .437 | .752 | .577 | .578 | .747 | .839 |
Net Realized and Unrealized Gain (Loss) on Investments | .380 | (.429) | (4.098) | (.062) | 1.138 | 2.097 |
Total from Investment Operations | .817 | .323 | (3.521) | .516 | 1.885 | 2.936 |
Distributions | ||||||
Dividends from Net Investment Income | (.437) | (.753) | (.579) | (.572) | (.735) | (.836) |
Distributions from Realized Capital Gains | — | — | (.160) | (.054) | — | — |
Total Distributions | (.437) | (.753) | (.739) | (.626) | (.735) | (.836) |
Net Asset Value, End of Period | $21.44 | $21.06 | $21.49 | $25.75 | $25.86 | $24.71 |
Total Return2 | 3.93% | 1.55% | -13.90% | 2.03% | 7.79% | 13.30% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,220 | $1,156 | $1,139 | $1,587 | $1,549 | $1,381 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07%3 | 0.07%3 | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 4.16% | 3.56% | 2.44% | 2.25% | 3.01% | 3.63% |
Portfolio Turnover Rate4 | 33% | 76% | 58% | 53% | 72% | 59% |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $26.02 | $26.56 | $31.82 | $31.95 | $30.53 | $27.94 |
Investment Operations | ||||||
Net Investment Income1 | .543 | .934 | .720 | .720 | .940 | 1.044 |
Net Realized and Unrealized Gain (Loss) on Investments | .470 | (.538) | (5.061) | (.070) | 1.394 | 2.584 |
Total from Investment Operations | 1.013 | .396 | (4.341) | .650 | 2.334 | 3.628 |
Distributions | ||||||
Dividends from Net Investment Income | (.543) | (.936) | (.721) | (.714) | (.914) | (1.038) |
Distributions from Realized Capital Gains | — | — | (.198) | (.066) | — | — |
Total Distributions | (.543) | (.936) | (.919) | (.780) | (.914) | (1.038) |
Net Asset Value, End of Period | $26.49 | $26.02 | $26.56 | $31.82 | $31.95 | $30.53 |
Total Return2 | 3.94% | 1.54% | -13.87% | 2.07% | 7.81% | 13.30% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $310 | $298 | $338 | $443 | $357 | $406 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05%3 | 0.05%3 | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 4.18% | 3.57% | 2.46% | 2.27% | 3.07% | 3.65% |
Portfolio Turnover Rate4 | 33% | 76% | 58% | 53% | 72% | 59% |
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 | — | 5,854 | — | 5,854 |
Corporate Bonds | — | 46,586,775 | — | 46,586,775 |
Temporary Cash Investments | 31,385 | — | — | 31,385 |
Total | 31,385 | 46,592,629 | — | 46,624,014 |
Derivative Financial Instruments | ||||
Liabilities | ||||
Futures Contracts1 | 274 | — | — | 274 |
Swap Contracts | 3111 | — | — | 311 |
Total | 585 | — | — | 585 |
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 Depreciation—Futures Contracts1 | 274 | — | 274 |
Unrealized Depreciation—Centrally Cleared Swap Contracts1 | — | 311 | 311 |
Total Liabilities | 274 | 311 | 585 |
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 | (3,321) | — | (3,321) |
Swap Contracts | — | 298 | 298 |
Realized Net Gain (Loss) on Derivatives | (3,321) | 298 | (3,023) |
Change in Unrealized Appreciation (Depreciation) on Derivatives | |||
Futures Contracts | 168 | — | 168 |
Swap Contracts | — | (311) | (311) |
Change in Unrealized Appreciation (Depreciation) on Derivatives | 168 | (311) | (143) |
Amount ($000) | |
Tax Cost | 49,910,949 |
Gross Unrealized Appreciation | 217,191 |
Gross Unrealized Depreciation | (3,504,711) |
Net Unrealized Appreciation (Depreciation) | (3,287,520) |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued1 | 14,485,634 | 183,615 | 14,317,759 | 183,108 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (9,645,060) | (124,300) | (14,339,493) | (183,000) | |
Net Increase (Decrease)—ETF Shares | 4,840,574 | 59,315 | (21,734) | 108 | |
Admiral Shares | |||||
Issued1 | 158,438 | 7,471 | 270,804 | 12,775 | |
Issued in Lieu of Cash Distributions | 19,114 | 906 | 31,974 | 1,513 | |
Redeemed | (134,392) | (6,384) | (261,623) | (12,393) | |
Net Increase (Decrease)—Admiral Shares | 43,160 | 1,993 | 41,155 | 1,895 | |
Institutional Shares | |||||
Issued1 | 13,780 | 525 | 33,180 | 1,266 | |
Issued in Lieu of Cash Distributions | 4,444 | 171 | 7,005 | 268 | |
Redeemed | (12,355) | (465) | (71,723) | (2,804) | |
Net Increase (Decrease)—Institutional Shares | 5,869 | 231 | (31,538) | (1,270) |
1 | Includes purchase fees for fiscal 2024 and 2023 of $428,000 and $735,000, respectively (fund totals). |
Corporate Bonds – Communications | 11.9% |
Corporate Bonds – Consumer Discretionary | 5.8 |
Corporate Bonds – Consumer Staples | 7.6 |
Corporate Bonds – Energy | 9.1 |
Corporate Bonds – Financials | 13.8 |
Corporate Bonds – Health Care | 16.1 |
Corporate Bonds – Industrials | 8.6 |
Corporate Bonds – Materials | 3.4 |
Corporate Bonds – Real Estate | 1.5 |
Corporate Bonds – Technology | 9.1 |
Corporate Bonds – Utilities | 12.9 |
U.S. Government and Agency Obligations | 0.2 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (0.2%) | ||||||
U.S. Government Securities (0.2%) | ||||||
United States Treasury Note/Bond | 4.000% | 2/15/34 | 9,950 | 9,754 | ||
United States Treasury Note/Bond | 4.500% | 2/15/44 | 4,025 | 4,025 | ||
Total U.S. Government and Agency Obligations (Cost $13,766) | 13,779 | |||||
Corporate Bonds (98.0%) | ||||||
Communications (11.6%) | ||||||
Alphabet Inc. | 1.900% | 8/15/40 | 2,025 | 1,339 | ||
Alphabet Inc. | 2.050% | 8/15/50 | 13,620 | 8,045 | ||
Alphabet Inc. | 2.250% | 8/15/60 | 1,720 | 987 | ||
America Movil SAB de CV | 6.375% | 3/1/35 | 3,618 | 3,920 | ||
America Movil SAB de CV | 6.125% | 11/15/37 | 1,136 | 1,193 | ||
America Movil SAB de CV | 6.125% | 3/30/40 | 7,415 | 7,760 | ||
America Movil SAB de CV | 4.375% | 7/16/42 | 4,054 | 3,509 | ||
America Movil SAB de CV | 4.375% | 4/22/49 | 4,735 | 4,071 | ||
AT&T Inc. | 4.500% | 5/15/35 | 10,325 | 9,501 | ||
AT&T Inc. | 5.250% | 3/1/37 | 6,400 | 6,213 | ||
AT&T Inc. | 4.900% | 8/15/37 | 2,403 | 2,247 | ||
AT&T Inc. | 4.850% | 3/1/39 | 7,572 | 6,971 | ||
AT&T Inc. | 5.350% | 9/1/40 | 2,282 | 2,199 | ||
AT&T Inc. | 3.500% | 6/1/41 | 9,693 | 7,440 | ||
AT&T Inc. | 5.550% | 8/15/41 | 95 | 95 | ||
AT&T Inc. | 4.300% | 12/15/42 | 8,135 | 6,868 | ||
AT&T Inc. | 3.100% | 2/1/43 | 3,265 | 2,347 | ||
AT&T Inc. | 4.650% | 6/1/44 | 2,266 | 1,949 | ||
AT&T Inc. | 4.350% | 6/15/45 | 2,926 | 2,448 | ||
AT&T Inc. | 4.750% | 5/15/46 | 5,608 | 4,909 | ||
1 | AT&T Inc. | 5.150% | 11/15/46 | 2,335 | 2,162 | |
AT&T Inc. | 5.450% | 3/1/47 | 1,686 | 1,638 | ||
AT&T Inc. | 4.500% | 3/9/48 | 9,882 | 8,257 | ||
AT&T Inc. | 4.550% | 3/9/49 | 4,846 | 4,066 | ||
AT&T Inc. | 5.150% | 2/15/50 | 1,814 | 1,659 | ||
AT&T Inc. | 3.650% | 6/1/51 | 12,031 | 8,605 | ||
AT&T Inc. | 3.500% | 9/15/53 | 26,456 | 18,201 | ||
AT&T Inc. | 3.550% | 9/15/55 | 25,367 | 17,283 | ||
AT&T Inc. | 3.800% | 12/1/57 | 19,189 | 13,540 | ||
AT&T Inc. | 3.650% | 9/15/59 | 24,358 | 16,506 | ||
AT&T Inc. | 3.850% | 6/1/60 | 5,457 | 3,853 | ||
AT&T Inc. | 3.500% | 2/1/61 | 1,526 | 1,019 | ||
Bell Telephone Co. of Canada or Bell Canada | 4.464% | 4/1/48 | 4,060 | 3,451 | ||
Bell Telephone Co. of Canada or Bell Canada | 4.300% | 7/29/49 | 1,165 | 959 | ||
1 | Bell Telephone Co. of Canada or Bell Canada | 3.650% | 3/17/51 | 1,443 | 1,062 | |
1 | Bell Telephone Co. of Canada or Bell Canada | 3.200% | 2/15/52 | 2,245 | 1,508 | |
Bell Telephone Co. of Canada or Bell Canada | 3.650% | 8/15/52 | 1,907 | 1,402 | ||
Charter Communications Operating LLC | 6.650% | 2/1/34 | 2,845 | 2,850 | ||
Charter Communications Operating LLC | 6.384% | 10/23/35 | 5,907 | 5,707 | ||
Charter Communications Operating LLC | 5.375% | 4/1/38 | 2,516 | 2,159 | ||
Charter Communications Operating LLC | 3.500% | 6/1/41 | 5,477 | 3,624 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Charter Communications Operating LLC | 3.500% | 3/1/42 | 4,976 | 3,250 | ||
Charter Communications Operating LLC | 6.484% | 10/23/45 | 11,447 | 10,454 | ||
Charter Communications Operating LLC | 5.375% | 5/1/47 | 9,850 | 7,750 | ||
Charter Communications Operating LLC | 5.750% | 4/1/48 | 9,235 | 7,675 | ||
Charter Communications Operating LLC | 5.125% | 7/1/49 | 4,431 | 3,356 | ||
Charter Communications Operating LLC | 4.800% | 3/1/50 | 10,447 | 7,548 | ||
Charter Communications Operating LLC | 3.700% | 4/1/51 | 7,076 | 4,285 | ||
Charter Communications Operating LLC | 3.900% | 6/1/52 | 8,272 | 5,191 | ||
Charter Communications Operating LLC | 5.250% | 4/1/53 | 6,422 | 4,983 | ||
Charter Communications Operating LLC | 3.850% | 4/1/61 | 6,646 | 3,851 | ||
Charter Communications Operating LLC | 4.400% | 12/1/61 | 4,051 | 2,600 | ||
Charter Communications Operating LLC | 3.950% | 6/30/62 | 4,374 | 2,572 | ||
Charter Communications Operating LLC | 5.500% | 4/1/63 | 3,333 | 2,561 | ||
Comcast Corp. | 7.050% | 3/15/33 | 27 | 30 | ||
Comcast Corp. | 4.200% | 8/15/34 | 3,261 | 2,996 | ||
Comcast Corp. | 5.650% | 6/15/35 | 3,381 | 3,473 | ||
Comcast Corp. | 4.400% | 8/15/35 | 3,952 | 3,661 | ||
Comcast Corp. | 6.500% | 11/15/35 | 1,616 | 1,762 | ||
Comcast Corp. | 3.200% | 7/15/36 | 3,019 | 2,438 | ||
Comcast Corp. | 6.450% | 3/15/37 | 1,247 | 1,366 | ||
Comcast Corp. | 6.950% | 8/15/37 | 1,142 | 1,302 | ||
Comcast Corp. | 3.900% | 3/1/38 | 5,839 | 5,010 | ||
Comcast Corp. | 4.600% | 10/15/38 | 3,506 | 3,226 | ||
Comcast Corp. | 6.550% | 7/1/39 | 1,115 | 1,226 | ||
Comcast Corp. | 3.250% | 11/1/39 | 4,944 | 3,797 | ||
Comcast Corp. | 3.750% | 4/1/40 | 6,566 | 5,366 | ||
Comcast Corp. | 4.650% | 7/15/42 | 1,505 | 1,356 | ||
Comcast Corp. | 4.600% | 8/15/45 | 2,863 | 2,531 | ||
Comcast Corp. | 3.400% | 7/15/46 | 3,533 | 2,592 | ||
Comcast Corp. | 4.000% | 8/15/47 | 1,492 | 1,194 | ||
Comcast Corp. | 3.969% | 11/1/47 | 8,168 | 6,479 | ||
Comcast Corp. | 4.000% | 3/1/48 | 5,711 | 4,528 | ||
Comcast Corp. | 4.700% | 10/15/48 | 5,926 | 5,350 | ||
Comcast Corp. | 3.999% | 11/1/49 | 6,794 | 5,373 | ||
Comcast Corp. | 3.450% | 2/1/50 | 6,419 | 4,610 | ||
Comcast Corp. | 2.800% | 1/15/51 | 6,165 | 3,851 | ||
Comcast Corp. | 2.887% | 11/1/51 | 17,902 | 11,341 | ||
Comcast Corp. | 2.450% | 8/15/52 | 5,013 | 2,876 | ||
Comcast Corp. | 4.049% | 11/1/52 | 1,296 | 1,022 | ||
Comcast Corp. | 5.350% | 5/15/53 | 6,990 | 6,817 | ||
Comcast Corp. | 2.937% | 11/1/56 | 15,986 | 9,843 | ||
Comcast Corp. | 4.950% | 10/15/58 | 2,165 | 1,999 | ||
Comcast Corp. | 2.650% | 8/15/62 | 6,530 | 3,641 | ||
Comcast Corp. | 2.987% | 11/1/63 | 14,263 | 8,535 | ||
Comcast Corp. | 5.500% | 5/15/64 | 7,523 | 7,388 | ||
Discovery Communications LLC | 5.000% | 9/20/37 | 1,483 | 1,269 | ||
Discovery Communications LLC | 6.350% | 6/1/40 | 1,389 | 1,335 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Discovery Communications LLC | 4.875% | 4/1/43 | 723 | 579 | ||
Discovery Communications LLC | 5.200% | 9/20/47 | 2,488 | 2,024 | ||
Discovery Communications LLC | 5.300% | 5/15/49 | 3,745 | 3,054 | ||
Discovery Communications LLC | 4.650% | 5/15/50 | 4,662 | 3,539 | ||
Discovery Communications LLC | 4.000% | 9/15/55 | 7,447 | 4,930 | ||
Electronic Arts Inc. | 2.950% | 2/15/51 | 2,873 | 1,909 | ||
Fox Corp. | 5.476% | 1/25/39 | 2,908 | 2,718 | ||
Fox Corp. | 5.576% | 1/25/49 | 5,999 | 5,486 | ||
Grupo Televisa SAB | 6.625% | 1/15/40 | 2,177 | 2,237 | ||
Grupo Televisa SAB | 5.000% | 5/13/45 | 3,036 | 2,541 | ||
Grupo Televisa SAB | 6.125% | 1/31/46 | 2,460 | 2,400 | ||
Grupo Televisa SAB | 5.250% | 5/24/49 | 2,065 | 1,806 | ||
Interpublic Group of Cos. Inc. | 3.375% | 3/1/41 | 1,816 | 1,335 | ||
Interpublic Group of Cos. Inc. | 5.400% | 10/1/48 | 1,672 | 1,545 | ||
Meta Platforms Inc. | 4.450% | 8/15/52 | 10,058 | 8,791 | ||
Meta Platforms Inc. | 5.600% | 5/15/53 | 8,635 | 8,944 | ||
Meta Platforms Inc. | 4.650% | 8/15/62 | 4,875 | 4,300 | ||
Meta Platforms Inc. | 5.750% | 5/15/63 | 6,415 | 6,716 | ||
NBCUniversal Media LLC | 6.400% | 4/30/40 | 937 | 1,016 | ||
NBCUniversal Media LLC | 5.950% | 4/1/41 | 970 | 1,009 | ||
NBCUniversal Media LLC | 4.450% | 1/15/43 | 2,442 | 2,134 | ||
Orange SA | 5.375% | 1/13/42 | 3,424 | 3,368 | ||
Orange SA | 5.500% | 2/6/44 | 4,004 | 3,995 | ||
Paramount Global | 6.875% | 4/30/36 | 5,086 | 4,666 | ||
Paramount Global | 5.900% | 10/15/40 | 764 | 619 | ||
Paramount Global | 4.850% | 7/1/42 | 944 | 679 | ||
Paramount Global | 4.375% | 3/15/43 | 6,205 | 4,156 | ||
Paramount Global | 5.850% | 9/1/43 | 3,464 | 2,802 | ||
Paramount Global | 5.250% | 4/1/44 | 951 | 701 | ||
Paramount Global | 4.900% | 8/15/44 | 1,739 | 1,221 | ||
Paramount Global | 4.600% | 1/15/45 | 1,689 | 1,157 | ||
Paramount Global | 4.950% | 5/19/50 | 3,247 | 2,326 | ||
Rogers Communications Inc. | 7.500% | 8/15/38 | 1,303 | 1,498 | ||
Rogers Communications Inc. | 4.500% | 3/15/42 | 3,005 | 2,580 | ||
Rogers Communications Inc. | 4.500% | 3/15/43 | 1,773 | 1,499 | ||
Rogers Communications Inc. | 5.450% | 10/1/43 | 1,865 | 1,784 | ||
Rogers Communications Inc. | 5.000% | 3/15/44 | 3,238 | 2,920 | ||
Rogers Communications Inc. | 4.300% | 2/15/48 | 1,713 | 1,369 | ||
Rogers Communications Inc. | 4.350% | 5/1/49 | 4,553 | 3,657 | ||
Rogers Communications Inc. | 3.700% | 11/15/49 | 3,822 | 2,746 | ||
Rogers Communications Inc. | 4.550% | 3/15/52 | 7,127 | 5,882 | ||
Telefonica Emisiones SA | 7.045% | 6/20/36 | 6,634 | 7,309 | ||
Telefonica Emisiones SA | 4.665% | 3/6/38 | 1,325 | 1,182 | ||
Telefonica Emisiones SA | 5.213% | 3/8/47 | 8,880 | 7,979 | ||
Telefonica Emisiones SA | 4.895% | 3/6/48 | 4,042 | 3,464 | ||
Telefonica Emisiones SA | 5.520% | 3/1/49 | 4,630 | 4,319 | ||
TELUS Corp. | 4.600% | 11/16/48 | 2,919 | 2,494 | ||
TELUS Corp. | 4.300% | 6/15/49 | 1,636 | 1,329 | ||
Thomson Reuters Corp. | 5.500% | 8/15/35 | 1,645 | 1,670 | ||
Thomson Reuters Corp. | 5.850% | 4/15/40 | 1,289 | 1,308 | ||
Thomson Reuters Corp. | 5.650% | 11/23/43 | 1,033 | 1,003 | ||
Time Warner Cable LLC | 6.550% | 5/1/37 | 4,999 | 4,693 | ||
Time Warner Cable LLC | 7.300% | 7/1/38 | 4,405 | 4,389 | ||
Time Warner Cable LLC | 6.750% | 6/15/39 | 4,764 | 4,487 | ||
Time Warner Cable LLC | 5.875% | 11/15/40 | 4,431 | 3,810 | ||
Time Warner Cable LLC | 5.500% | 9/1/41 | 4,035 | 3,325 | ||
Time Warner Cable LLC | 4.500% | 9/15/42 | 5,107 | 3,733 | ||
T-Mobile USA Inc. | 5.750% | 1/15/34 | 3,585 | 3,693 | ||
T-Mobile USA Inc. | 4.375% | 4/15/40 | 6,895 | 6,044 | ||
T-Mobile USA Inc. | 3.000% | 2/15/41 | 7,909 | 5,708 | ||
T-Mobile USA Inc. | 4.500% | 4/15/50 | 12,496 | 10,563 | ||
T-Mobile USA Inc. | 3.300% | 2/15/51 | 7,215 | 4,963 | ||
T-Mobile USA Inc. | 3.400% | 10/15/52 | 5,038 | 3,499 | ||
T-Mobile USA Inc. | 5.650% | 1/15/53 | 10,735 | 10,656 | ||
T-Mobile USA Inc. | 5.750% | 1/15/54 | 4,916 | 4,971 | ||
T-Mobile USA Inc. | 6.000% | 6/15/54 | 6,637 | 6,965 | ||
T-Mobile USA Inc. | 3.600% | 11/15/60 | 3,848 | 2,652 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
T-Mobile USA Inc. | 5.800% | 9/15/62 | 1,407 | 1,424 | ||
TWDC Enterprises 18 Corp. | 4.375% | 8/16/41 | 2,063 | 1,823 | ||
1 | TWDC Enterprises 18 Corp. | 4.125% | 12/1/41 | 2,276 | 1,959 | |
1 | TWDC Enterprises 18 Corp. | 3.700% | 12/1/42 | 793 | 644 | |
1 | TWDC Enterprises 18 Corp. | 4.125% | 6/1/44 | 3,224 | 2,748 | |
1 | TWDC Enterprises 18 Corp. | 3.000% | 7/30/46 | 1,877 | 1,310 | |
Verizon Communications Inc. | 4.400% | 11/1/34 | 4,093 | 3,804 | ||
Verizon Communications Inc. | 5.850% | 9/15/35 | 695 | 726 | ||
Verizon Communications Inc. | 4.272% | 1/15/36 | 5,352 | 4,858 | ||
Verizon Communications Inc. | 5.250% | 3/16/37 | 5,748 | 5,730 | ||
Verizon Communications Inc. | 4.812% | 3/15/39 | 4,488 | 4,186 | ||
Verizon Communications Inc. | 2.650% | 11/20/40 | 8,677 | 5,982 | ||
Verizon Communications Inc. | 3.400% | 3/22/41 | 13,581 | 10,400 | ||
Verizon Communications Inc. | 2.850% | 9/3/41 | 3,359 | 2,366 | ||
Verizon Communications Inc. | 4.750% | 11/1/41 | 4,514 | 4,154 | ||
Verizon Communications Inc. | 3.850% | 11/1/42 | 3,846 | 3,093 | ||
Verizon Communications Inc. | 6.550% | 9/15/43 | 3,538 | 3,941 | ||
Verizon Communications Inc. | 4.125% | 8/15/46 | 2,950 | 2,414 | ||
Verizon Communications Inc. | 4.862% | 8/21/46 | 6,317 | 5,799 | ||
Verizon Communications Inc. | 5.500% | 3/16/47 | 2,457 | 2,473 | ||
Verizon Communications Inc. | 4.522% | 9/15/48 | 2,298 | 2,011 | ||
Verizon Communications Inc. | 4.000% | 3/22/50 | 6,050 | 4,771 | ||
Verizon Communications Inc. | 2.875% | 11/20/50 | 9,732 | 6,201 | ||
Verizon Communications Inc. | 3.550% | 3/22/51 | 17,301 | 12,563 | ||
Verizon Communications Inc. | 3.875% | 3/1/52 | 3,760 | 2,897 | ||
Verizon Communications Inc. | 5.500% | 2/23/54 | 3,175 | 3,137 | ||
Verizon Communications Inc. | 5.012% | 8/21/54 | 3,333 | 3,089 | ||
Verizon Communications Inc. | 4.672% | 3/15/55 | 2,724 | 2,402 | ||
Verizon Communications Inc. | 2.987% | 10/30/56 | 8,149 | 5,066 | ||
Verizon Communications Inc. | 3.000% | 11/20/60 | 8,425 | 5,114 | ||
Verizon Communications Inc. | 3.700% | 3/22/61 | 13,166 | 9,365 | ||
Vodafone Group plc | 6.150% | 2/27/37 | 6,115 | 6,382 | ||
Vodafone Group plc | 5.000% | 5/30/38 | 1,317 | 1,269 | ||
Vodafone Group plc | 4.375% | 2/19/43 | 5,768 | 4,855 | ||
Vodafone Group plc | 5.250% | 5/30/48 | 4,686 | 4,346 | ||
Vodafone Group plc | 4.875% | 6/19/49 | 6,157 | 5,329 | ||
Vodafone Group plc | 4.250% | 9/17/50 | 4,824 | 3,800 | ||
Vodafone Group plc | 5.625% | 2/10/53 | 3,049 | 2,940 | ||
Vodafone Group plc | 5.125% | 6/19/59 | 1,541 | 1,356 | ||
Vodafone Group plc | 5.750% | 2/10/63 | 2,142 | 2,091 | ||
Walt Disney Co. | 6.200% | 12/15/34 | 3,289 | 3,590 | ||
Walt Disney Co. | 6.400% | 12/15/35 | 3,033 | 3,334 | ||
Walt Disney Co. | 6.150% | 3/1/37 | 977 | 1,055 | ||
Walt Disney Co. | 6.650% | 11/15/37 | 4,620 | 5,225 | ||
Walt Disney Co. | 4.625% | 3/23/40 | 3,714 | 3,473 | ||
Walt Disney Co. | 3.500% | 5/13/40 | 8,845 | 7,100 | ||
Walt Disney Co. | 6.150% | 2/15/41 | 1,140 | 1,231 | ||
Walt Disney Co. | 5.400% | 10/1/43 | 2,079 | 2,090 | ||
Walt Disney Co. | 4.750% | 9/15/44 | 2,109 | 1,938 | ||
Walt Disney Co. | 4.950% | 10/15/45 | 1,615 | 1,512 | ||
Walt Disney Co. | 7.750% | 12/1/45 | 487 | 623 | ||
Walt Disney Co. | 4.750% | 11/15/46 | 1,671 | 1,515 | ||
Walt Disney Co. | 2.750% | 9/1/49 | 8,440 | 5,444 | ||
Walt Disney Co. | 4.700% | 3/23/50 | 6,380 | 5,837 | ||
Walt Disney Co. | 3.600% | 1/13/51 | 7,515 | 5,704 | ||
Walt Disney Co. | 3.800% | 5/13/60 | 3,799 | 2,880 | ||
Warnermedia Holdings Inc. | 5.050% | 3/15/42 | 14,101 | 11,835 | ||
Warnermedia Holdings Inc. | 5.141% | 3/15/52 | 26,382 | 21,422 | ||
Warnermedia Holdings Inc. | 5.391% | 3/15/62 | 9,302 | 7,487 | ||
886,140 | ||||||
Consumer Discretionary (5.7%) | ||||||
Alibaba Group Holding Ltd. | 4.500% | 11/28/34 | 2,952 | 2,764 | ||
Alibaba Group Holding Ltd. | 4.000% | 12/6/37 | 3,609 | 3,112 | ||
Alibaba Group Holding Ltd. | 2.700% | 2/9/41 | 2,971 | 2,047 | ||
Alibaba Group Holding Ltd. | 4.200% | 12/6/47 | 5,604 | 4,558 | ||
Alibaba Group Holding Ltd. | 3.150% | 2/9/51 | 4,515 | 2,980 | ||
Alibaba Group Holding Ltd. | 4.400% | 12/6/57 | 3,498 | 2,859 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Alibaba Group Holding Ltd. | 3.250% | 2/9/61 | 3,983 | 2,513 | ||
Amazon.com Inc. | 4.800% | 12/5/34 | 6,175 | 6,173 | ||
Amazon.com Inc. | 3.875% | 8/22/37 | 9,128 | 8,160 | ||
Amazon.com Inc. | 2.875% | 5/12/41 | 6,926 | 5,200 | ||
Amazon.com Inc. | 4.950% | 12/5/44 | 5,701 | 5,624 | ||
Amazon.com Inc. | 4.050% | 8/22/47 | 11,993 | 10,257 | ||
Amazon.com Inc. | 2.500% | 6/3/50 | 7,158 | 4,490 | ||
Amazon.com Inc. | 3.100% | 5/12/51 | 10,401 | 7,310 | ||
Amazon.com Inc. | 3.950% | 4/13/52 | 8,535 | 7,053 | ||
Amazon.com Inc. | 4.250% | 8/22/57 | 10,720 | 9,197 | ||
Amazon.com Inc. | 2.700% | 6/3/60 | 6,167 | 3,791 | ||
Amazon.com Inc. | 3.250% | 5/12/61 | 5,426 | 3,739 | ||
Amazon.com Inc. | 4.100% | 4/13/62 | 3,931 | 3,249 | ||
1 | American University | 3.672% | 4/1/49 | 1,672 | 1,349 | |
Aptiv plc | 4.400% | 10/1/46 | 165 | 130 | ||
Aptiv plc | 5.400% | 3/15/49 | 704 | 638 | ||
Aptiv plc | 3.100% | 12/1/51 | 5,468 | 3,424 | ||
Aptiv plc | 4.150% | 5/1/52 | 3,305 | 2,523 | ||
BorgWarner Inc. | 4.375% | 3/15/45 | 1,753 | 1,427 | ||
1 | Brown University | 2.924% | 9/1/50 | 1,472 | 1,034 | |
Brunswick Corp. | 5.100% | 4/1/52 | 1,085 | 858 | ||
1 | California Endowment | 2.498% | 4/1/51 | 1,115 | 690 | |
California Institute of Technology | 4.321% | 8/1/45 | 1,985 | 1,804 | ||
California Institute of Technology | 4.700% | 11/1/11 | 1,390 | 1,237 | ||
California Institute of Technology | 3.650% | 9/1/19 | 1,323 | 921 | ||
1 | Case Western Reserve University | 5.405% | 6/1/22 | 1,205 | 1,156 | |
Claremont Mckenna College | 3.775% | 1/1/22 | 823 | 551 | ||
Cleveland Clinic Foundation | 4.858% | 1/1/14 | 1,450 | 1,315 | ||
Darden Restaurants Inc. | 4.550% | 2/15/48 | 1,144 | 929 | ||
Dick's Sporting Goods Inc. | 4.100% | 1/15/52 | 2,585 | 1,816 | ||
1 | Duke University | 2.682% | 10/1/44 | 1,739 | 1,270 | |
1 | Duke University | 2.757% | 10/1/50 | 1,860 | 1,281 | |
1 | Duke University | 2.832% | 10/1/55 | 1,940 | 1,317 | |
eBay Inc. | 4.000% | 7/15/42 | 5,072 | 4,024 | ||
eBay Inc. | 3.650% | 5/10/51 | 2,004 | 1,449 | ||
1 | Emory University | 2.969% | 9/1/50 | 1,953 | 1,360 | |
1 | Ford Foundation | 2.415% | 6/1/50 | 1,012 | 634 | |
1 | Ford Foundation | 2.815% | 6/1/70 | 2,536 | 1,508 | |
Ford Motor Co. | 4.750% | 1/15/43 | 7,008 | 5,681 | ||
Ford Motor Co. | 7.400% | 11/1/46 | 1,425 | 1,527 | ||
Ford Motor Co. | 5.291% | 12/8/46 | 4,585 | 3,966 | ||
Fortune Brands Innovations Inc. | 4.500% | 3/25/52 | 1,970 | 1,600 | ||
General Motors Co. | 5.000% | 4/1/35 | 2,487 | 2,325 | ||
General Motors Co. | 6.600% | 4/1/36 | 4,572 | 4,793 | ||
General Motors Co. | 5.150% | 4/1/38 | 3,513 | 3,252 | ||
General Motors Co. | 6.250% | 10/2/43 | 5,210 | 5,229 | ||
General Motors Co. | 5.200% | 4/1/45 | 4,255 | 3,756 | ||
General Motors Co. | 6.750% | 4/1/46 | 3,278 | 3,465 | ||
General Motors Co. | 5.400% | 4/1/48 | 2,612 | 2,343 | ||
General Motors Co. | 5.950% | 4/1/49 | 3,535 | 3,397 | ||
1 | George Washington University | 4.300% | 9/15/44 | 1,532 | 1,340 | |
George Washington University | 4.868% | 9/15/45 | 1,247 | 1,196 | ||
1 | George Washington University | 4.126% | 9/15/48 | 2,861 | 2,443 | |
1 | Georgetown University | 4.315% | 4/1/49 | 1,177 | 1,036 | |
1 | Georgetown University | 2.943% | 4/1/50 | 772 | 526 | |
Georgetown University | 5.115% | 4/1/53 | 975 | 977 | ||
1 | Georgetown University | 5.215% | 10/1/18 | 1,034 | 957 | |
Harley-Davidson Inc. | 4.625% | 7/28/45 | 927 | 731 | ||
Hasbro Inc. | 6.350% | 3/15/40 | 2,833 | 2,871 | ||
Hasbro Inc. | 5.100% | 5/15/44 | 1,054 | 885 | ||
Home Depot Inc. | 5.875% | 12/16/36 | 9,441 | 10,057 | ||
Home Depot Inc. | 3.300% | 4/15/40 | 6,067 | 4,755 | ||
Home Depot Inc. | 5.400% | 9/15/40 | 1,635 | 1,645 | ||
Home Depot Inc. | 5.950% | 4/1/41 | 3,473 | 3,705 | ||
Home Depot Inc. | 4.200% | 4/1/43 | 3,907 | 3,365 | ||
Home Depot Inc. | 4.875% | 2/15/44 | 3,028 | 2,841 | ||
Home Depot Inc. | 4.400% | 3/15/45 | 2,798 | 2,456 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Home Depot Inc. | 4.250% | 4/1/46 | 5,113 | 4,365 | ||
Home Depot Inc. | 3.900% | 6/15/47 | 5,049 | 4,067 | ||
Home Depot Inc. | 4.500% | 12/6/48 | 5,320 | 4,694 | ||
Home Depot Inc. | 3.125% | 12/15/49 | 3,149 | 2,191 | ||
Home Depot Inc. | 3.350% | 4/15/50 | 7,044 | 5,105 | ||
Home Depot Inc. | 2.375% | 3/15/51 | 2,135 | 1,254 | ||
Home Depot Inc. | 2.750% | 9/15/51 | 2,033 | 1,295 | ||
Home Depot Inc. | 3.625% | 4/15/52 | 6,167 | 4,661 | ||
Home Depot Inc. | 4.950% | 9/15/52 | 6,577 | 6,224 | ||
Home Depot Inc. | 3.500% | 9/15/56 | 596 | 436 | ||
1 | Howard University | 5.209% | 10/1/52 | 1,001 | 914 | |
JD.com Inc. | 4.125% | 1/14/50 | 1,067 | 832 | ||
1 | Johns Hopkins University | 4.083% | 7/1/53 | 1,286 | 1,128 | |
1 | Johns Hopkins University | 2.813% | 1/1/60 | 1,240 | 800 | |
Lear Corp. | 5.250% | 5/15/49 | 2,092 | 1,879 | ||
Lear Corp. | 3.550% | 1/15/52 | 890 | 603 | ||
Leggett & Platt Inc. | 3.500% | 11/15/51 | 2,249 | 1,551 | ||
Leland Stanford Junior University | 3.647% | 5/1/48 | 2,619 | 2,165 | ||
Leland Stanford Junior University | 2.413% | 6/1/50 | 1,245 | 800 | ||
Lowe's Cos. Inc. | 5.500% | 10/15/35 | 1,440 | 1,481 | ||
Lowe's Cos. Inc. | 5.000% | 4/15/40 | 774 | 735 | ||
Lowe's Cos. Inc. | 2.800% | 9/15/41 | 4,522 | 3,156 | ||
Lowe's Cos. Inc. | 4.650% | 4/15/42 | 982 | 878 | ||
Lowe's Cos. Inc. | 4.250% | 9/15/44 | 347 | 279 | ||
Lowe's Cos. Inc. | 4.375% | 9/15/45 | 1,264 | 1,071 | ||
Lowe's Cos. Inc. | 3.700% | 4/15/46 | 4,250 | 3,199 | ||
Lowe's Cos. Inc. | 4.050% | 5/3/47 | 3,290 | 2,606 | ||
Lowe's Cos. Inc. | 4.550% | 4/5/49 | 2,516 | 2,127 | ||
Lowe's Cos. Inc. | 5.125% | 4/15/50 | 3,195 | 2,947 | ||
Lowe's Cos. Inc. | 3.000% | 10/15/50 | 5,598 | 3,611 | ||
Lowe's Cos. Inc. | 3.500% | 4/1/51 | 1,958 | 1,381 | ||
Lowe's Cos. Inc. | 4.250% | 4/1/52 | 5,601 | 4,504 | ||
Lowe's Cos. Inc. | 5.625% | 4/15/53 | 3,143 | 3,123 | ||
Lowe's Cos. Inc. | 5.750% | 7/1/53 | 1,089 | 1,100 | ||
Lowe's Cos. Inc. | 4.450% | 4/1/62 | 1,551 | 1,240 | ||
Lowe's Cos. Inc. | 5.800% | 9/15/62 | 6,611 | 6,600 | ||
Lowe's Cos. Inc. | 5.850% | 4/1/63 | 2,524 | 2,547 | ||
Marriott International Inc. | 5.300% | 5/15/34 | 1,000 | 984 | ||
Masco Corp. | 4.500% | 5/15/47 | 1,024 | 855 | ||
Masco Corp. | 3.125% | 2/15/51 | 1,506 | 1,003 | ||
1 | Massachusetts Institute of Technology | 3.959% | 7/1/38 | 1,504 | 1,362 | |
1 | Massachusetts Institute of Technology | 2.989% | 7/1/50 | 1,956 | 1,413 | |
1 | Massachusetts Institute of Technology | 2.294% | 7/1/51 | 1,236 | 764 | |
Massachusetts Institute of Technology | 3.067% | 4/1/52 | 2,070 | 1,509 | ||
Massachusetts Institute of Technology | 5.600% | 7/1/11 | 2,655 | 2,854 | ||
Massachusetts Institute of Technology | 4.678% | 7/1/14 | 1,392 | 1,270 | ||
Massachusetts Institute of Technology | 3.885% | 7/1/16 | 1,678 | 1,265 | ||
1 | McDonald's Corp. | 4.700% | 12/9/35 | 860 | 826 | |
1 | McDonald's Corp. | 6.300% | 10/15/37 | 3,501 | 3,813 | |
1 | McDonald's Corp. | 6.300% | 3/1/38 | 2,871 | 3,124 | |
1 | McDonald's Corp. | 5.700% | 2/1/39 | 1,006 | 1,036 | |
1 | McDonald's Corp. | 4.875% | 7/15/40 | 991 | 945 | |
1 | McDonald's Corp. | 3.700% | 2/15/42 | 1,587 | 1,276 | |
1 | McDonald's Corp. | 3.625% | 5/1/43 | 1,316 | 1,036 | |
1 | McDonald's Corp. | 4.600% | 5/26/45 | 2,108 | 1,876 | |
1 | McDonald's Corp. | 4.875% | 12/9/45 | 5,737 | 5,272 | |
1 | McDonald's Corp. | 4.450% | 3/1/47 | 5,136 | 4,413 | |
1 | McDonald's Corp. | 4.450% | 9/1/48 | 2,420 | 2,091 | |
1 | McDonald's Corp. | 3.625% | 9/1/49 | 7,224 | 5,393 | |
1 | McDonald's Corp. | 4.200% | 4/1/50 | 3,138 | 2,585 | |
1 | McDonald's Corp. | 5.150% | 9/9/52 | 1,889 | 1,794 | |
McDonald's Corp. | 5.450% | 8/14/53 | 2,315 | 2,299 | ||
MDC Holdings Inc. | 6.000% | 1/15/43 | 2,423 | 2,415 | ||
NIKE Inc. | 3.250% | 3/27/40 | 3,060 | 2,439 | ||
NIKE Inc. | 3.625% | 5/1/43 | 860 | 701 | ||
NIKE Inc. | 3.875% | 11/1/45 | 3,533 | 2,920 | ||
NIKE Inc. | 3.375% | 11/1/46 | 975 | 737 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
NIKE Inc. | 3.375% | 3/27/50 | 5,330 | 4,041 | ||
1 | Northeastern University | 2.894% | 10/1/50 | 1,580 | 1,092 | |
1 | Northwestern University | 4.643% | 12/1/44 | 2,053 | 1,952 | |
1 | Northwestern University | 2.640% | 12/1/50 | 1,495 | 987 | |
1 | Northwestern University | 3.662% | 12/1/57 | 879 | 693 | |
Owens Corning | 7.000% | 12/1/36 | 1,405 | 1,561 | ||
Owens Corning | 4.300% | 7/15/47 | 1,804 | 1,478 | ||
Owens Corning | 4.400% | 1/30/48 | 1,513 | 1,244 | ||
President & Fellows of Harvard College | 4.875% | 10/15/40 | 831 | 820 | ||
President & Fellows of Harvard College | 3.150% | 7/15/46 | 1,764 | 1,319 | ||
President & Fellows of Harvard College | 2.517% | 10/15/50 | 1,765 | 1,155 | ||
President & Fellows of Harvard College | 3.745% | 11/15/52 | 2,077 | 1,728 | ||
President & Fellows of Harvard College | 3.300% | 7/15/56 | 1,534 | 1,136 | ||
PulteGroup Inc. | 6.000% | 2/15/35 | 1,475 | 1,515 | ||
1 | Rockefeller Foundation | 2.492% | 10/1/50 | 2,565 | 1,634 | |
Snap-on Inc. | 4.100% | 3/1/48 | 1,488 | 1,242 | ||
Snap-on Inc. | 3.100% | 5/1/50 | 1,832 | 1,286 | ||
Stanley Black & Decker Inc. | 5.200% | 9/1/40 | 759 | 712 | ||
Stanley Black & Decker Inc. | 4.850% | 11/15/48 | 1,121 | 970 | ||
Stanley Black & Decker Inc. | 2.750% | 11/15/50 | 3,979 | 2,319 | ||
Starbucks Corp. | 4.300% | 6/15/45 | 1,107 | 945 | ||
Starbucks Corp. | 3.750% | 12/1/47 | 1,363 | 1,051 | ||
Starbucks Corp. | 4.500% | 11/15/48 | 3,126 | 2,702 | ||
Starbucks Corp. | 4.450% | 8/15/49 | 3,496 | 2,991 | ||
Starbucks Corp. | 3.350% | 3/12/50 | 1,581 | 1,116 | ||
Starbucks Corp. | 3.500% | 11/15/50 | 4,679 | 3,416 | ||
Thomas Jefferson University | 3.847% | 11/1/57 | 1,794 | 1,329 | ||
TJX Cos. Inc. | 4.500% | 4/15/50 | 1,822 | 1,660 | ||
1 | Trustees of Boston College | 3.129% | 7/1/52 | 1,422 | 1,031 | |
1 | Trustees of Boston University | 4.061% | 10/1/48 | 1,143 | 976 | |
Trustees of Princeton University | 5.700% | 3/1/39 | 1,619 | 1,763 | ||
1 | Trustees of Princeton University | 2.516% | 7/1/50 | 1,508 | 1,004 | |
Trustees of Princeton University | 4.201% | 3/1/52 | 699 | 633 | ||
1 | Trustees of the University of Pennsylvania | 2.396% | 10/1/50 | 1,083 | 674 | |
Trustees of the University of Pennsylvania | 4.674% | 9/1/12 | 934 | 838 | ||
Trustees of the University of Pennsylvania | 3.610% | 2/15/19 | 863 | 596 | ||
1 | University of Chicago | 2.761% | 4/1/45 | 1,080 | 831 | |
1 | University of Chicago | 2.547% | 4/1/50 | 1,258 | 840 | |
University of Chicago | 3.000% | 10/1/52 | 1,236 | 868 | ||
1 | University of Chicago | 4.003% | 10/1/53 | 1,418 | 1,177 | |
1 | University of Miami | 4.063% | 4/1/52 | 1,950 | 1,642 | |
1 | University of Notre Dame du Lac | 3.438% | 2/15/45 | 1,603 | 1,280 | |
1 | University of Notre Dame du Lac | 3.394% | 2/15/48 | 2,253 | 1,764 | |
1 | University of Southern California | 3.028% | 10/1/39 | 1,834 | 1,449 | |
1 | University of Southern California | 3.841% | 10/1/47 | 1,088 | 907 | |
University of Southern California | 2.805% | 10/1/50 | 1,039 | 709 | ||
1 | University of Southern California | 2.945% | 10/1/51 | 1,068 | 744 | |
University of Southern California | 4.976% | 10/1/53 | 1,060 | 1,064 | ||
University of Southern California | 5.250% | 10/1/11 | 1,044 | 1,031 | ||
1 | University of Southern California | 3.226% | 10/1/20 | 790 | 480 | |
1 | Washington University | 3.524% | 4/15/54 | 1,549 | 1,201 | |
Washington University | 4.349% | 4/15/22 | 1,652 | 1,376 | ||
Whirlpool Corp. | 4.500% | 6/1/46 | 1,343 | 1,080 | ||
Whirlpool Corp. | 4.600% | 5/15/50 | 1,810 | 1,457 | ||
1 | William Marsh Rice University | 3.574% | 5/15/45 | 1,190 | 970 | |
1 | William Marsh Rice University | 3.774% | 5/15/55 | 1,228 | 990 | |
1 | Yale University | 2.402% | 4/15/50 | 2,140 | 1,373 | |
435,502 | ||||||
Consumer Staples (7.5%) | ||||||
Altria Group Inc. | 5.800% | 2/14/39 | 8,458 | 8,425 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Altria Group Inc. | 3.400% | 2/4/41 | 3,107 | 2,233 | ||
Altria Group Inc. | 4.250% | 8/9/42 | 1,707 | 1,365 | ||
Altria Group Inc. | 4.500% | 5/2/43 | 3,239 | 2,682 | ||
Altria Group Inc. | 5.375% | 1/31/44 | 6,601 | 6,416 | ||
Altria Group Inc. | 3.875% | 9/16/46 | 4,394 | 3,212 | ||
Altria Group Inc. | 5.950% | 2/14/49 | 9,396 | 9,352 | ||
Altria Group Inc. | 4.450% | 5/6/50 | 615 | 481 | ||
Altria Group Inc. | 3.700% | 2/4/51 | 4,311 | 2,936 | ||
Altria Group Inc. | 6.200% | 2/14/59 | 335 | 341 | ||
Altria Group Inc. | 4.000% | 2/4/61 | 3,386 | 2,418 | ||
1 | Anheuser-Busch Cos. LLC | 4.700% | 2/1/36 | 21,831 | 20,893 | |
1 | Anheuser-Busch Cos. LLC | 4.900% | 2/1/46 | 35,602 | 33,232 | |
Anheuser-Busch InBev Finance Inc. | 4.700% | 2/1/36 | 3,850 | 3,671 | ||
Anheuser-Busch InBev Finance Inc. | 4.625% | 2/1/44 | 2,463 | 2,222 | ||
Anheuser-Busch InBev Finance Inc. | 4.900% | 2/1/46 | 4,020 | 3,715 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.875% | 6/15/35 | 1,795 | 1,911 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.375% | 4/15/38 | 7,189 | 6,575 | ||
Anheuser-Busch InBev Worldwide Inc. | 8.200% | 1/15/39 | 3,060 | 3,935 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.450% | 1/23/39 | 5,942 | 6,047 | ||
Anheuser-Busch InBev Worldwide Inc. | 8.000% | 11/15/39 | 1,571 | 1,969 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.350% | 6/1/40 | 5,479 | 4,900 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.950% | 1/15/42 | 5,891 | 5,619 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.600% | 4/15/48 | 2,605 | 2,340 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.439% | 10/6/48 | 8,227 | 7,201 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.550% | 1/23/49 | 18,556 | 19,004 | ||
Anheuser-Busch InBev Worldwide Inc. | 4.750% | 4/15/58 | 2,959 | 2,662 | ||
Anheuser-Busch InBev Worldwide Inc. | 5.800% | 1/23/59 | 4,617 | 4,876 | ||
Archer-Daniels-Midland Co. | 5.935% | 10/1/32 | 440 | 465 | ||
Archer-Daniels-Midland Co. | 4.500% | 8/15/33 | 1,460 | 1,392 | ||
Archer-Daniels-Midland Co. | 5.375% | 9/15/35 | 913 | 918 | ||
Archer-Daniels-Midland Co. | 3.750% | 9/15/47 | 3,987 | 3,027 | ||
Archer-Daniels-Midland Co. | 4.500% | 3/15/49 | 2,158 | 1,884 | ||
Archer-Daniels-Midland Co. | 2.700% | 9/15/51 | 1,012 | 641 | ||
BAT Capital Corp. | 4.390% | 8/15/37 | 9,663 | 7,926 | ||
BAT Capital Corp. | 3.734% | 9/25/40 | 2,637 | 1,901 | ||
BAT Capital Corp. | 7.079% | 8/2/43 | 1,965 | 2,046 | ||
BAT Capital Corp. | 4.540% | 8/15/47 | 9,852 | 7,343 | ||
BAT Capital Corp. | 4.758% | 9/6/49 | 3,847 | 2,967 | ||
BAT Capital Corp. | 5.282% | 4/2/50 | 1,995 | 1,650 | ||
BAT Capital Corp. | 3.984% | 9/25/50 | 4,171 | 2,847 | ||
BAT Capital Corp. | 5.650% | 3/16/52 | 1,351 | 1,186 | ||
BAT Capital Corp. | 7.081% | 8/2/53 | 3,952 | 4,097 | ||
Brown-Forman Corp. | 4.000% | 4/15/38 | 1,047 | 919 | ||
Brown-Forman Corp. | 4.500% | 7/15/45 | 1,786 | 1,585 | ||
Campbell Soup Co. | 4.800% | 3/15/48 | 1,919 | 1,683 | ||
Campbell Soup Co. | 3.125% | 4/24/50 | 3,006 | 1,960 | ||
Church & Dwight Co. Inc. | 3.950% | 8/1/47 | 1,023 | 817 | ||
Church & Dwight Co. Inc. | 5.000% | 6/15/52 | 1,711 | 1,614 | ||
Coca-Cola Co. | 2.500% | 6/1/40 | 3,996 | 2,854 | ||
Coca-Cola Co. | 2.875% | 5/5/41 | 2,436 | 1,828 | ||
Coca-Cola Co. | 4.200% | 3/25/50 | 1,120 | 989 | ||
Coca-Cola Co. | 2.600% | 6/1/50 | 3,929 | 2,528 | ||
Coca-Cola Co. | 3.000% | 3/5/51 | 5,835 | 4,082 | ||
Coca-Cola Co. | 2.500% | 3/15/51 | 3,953 | 2,469 | ||
Coca-Cola Co. | 2.750% | 6/1/60 | 4,005 | 2,538 | ||
Coca-Cola Femsa SAB de CV | 5.250% | 11/26/43 | 1,310 | 1,272 | ||
1 | Colgate-Palmolive Co. | 4.000% | 8/15/45 | 1,949 | 1,706 | |
1 | Colgate-Palmolive Co. | 3.700% | 8/1/47 | 2,457 | 2,027 | |
Conagra Brands Inc. | 5.300% | 11/1/38 | 4,756 | 4,491 | ||
Conagra Brands Inc. | 5.400% | 11/1/48 | 2,510 | 2,316 | ||
Constellation Brands Inc. | 4.500% | 5/9/47 | 1,473 | 1,241 | ||
Constellation Brands Inc. | 4.100% | 2/15/48 | 1,658 | 1,327 | ||
Constellation Brands Inc. | 5.250% | 11/15/48 | 1,959 | 1,845 | ||
Constellation Brands Inc. | 3.750% | 5/1/50 | 2,066 | 1,546 | ||
Delhaize America LLC | 9.000% | 4/15/31 | 110 | 128 | ||
Diageo Capital plc | 5.875% | 9/30/36 | 2,545 | 2,714 | ||
Diageo Capital plc | 3.875% | 4/29/43 | 1,550 | 1,311 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Diageo Investment Corp. | 7.450% | 4/15/35 | 2,075 | 2,454 | ||
Diageo Investment Corp. | 4.250% | 5/11/42 | 767 | 680 | ||
Dollar General Corp. | 4.125% | 4/3/50 | 2,162 | 1,652 | ||
Dollar Tree Inc. | 3.375% | 12/1/51 | 1,555 | 1,028 | ||
Estee Lauder Cos. Inc. | 6.000% | 5/15/37 | 857 | 913 | ||
Estee Lauder Cos. Inc. | 4.375% | 6/15/45 | 1,522 | 1,308 | ||
Estee Lauder Cos. Inc. | 4.150% | 3/15/47 | 1,527 | 1,260 | ||
Estee Lauder Cos. Inc. | 3.125% | 12/1/49 | 2,402 | 1,638 | ||
Estee Lauder Cos. Inc. | 5.150% | 5/15/53 | 2,196 | 2,104 | ||
Fomento Economico Mexicano SAB de CV | 3.500% | 1/16/50 | 6,124 | 4,527 | ||
General Mills Inc. | 5.400% | 6/15/40 | 872 | 857 | ||
General Mills Inc. | 4.700% | 4/17/48 | 490 | 442 | ||
General Mills Inc. | 3.000% | 2/1/51 | 2,614 | 1,685 | ||
Haleon US Capital LLC | 4.000% | 3/24/52 | 3,435 | 2,744 | ||
Hershey Co. | 3.375% | 8/15/46 | 1,590 | 1,196 | ||
Hershey Co. | 3.125% | 11/15/49 | 2,007 | 1,438 | ||
Hormel Foods Corp. | 3.050% | 6/3/51 | 2,132 | 1,431 | ||
Ingredion Inc. | 3.900% | 6/1/50 | 1,096 | 803 | ||
J M Smucker Co. | 4.250% | 3/15/35 | 3,641 | 3,260 | ||
J M Smucker Co. | 2.750% | 9/15/41 | 1,809 | 1,208 | ||
J M Smucker Co. | 6.500% | 11/15/43 | 2,323 | 2,482 | ||
J M Smucker Co. | 3.550% | 3/15/50 | 850 | 595 | ||
J M Smucker Co. | 6.500% | 11/15/53 | 4,193 | 4,565 | ||
2 | JBS USA LUX SA | 6.750% | 3/15/34 | 4,412 | 4,543 | |
JBS USA LUX SA | 4.375% | 2/2/52 | 2,990 | 2,143 | ||
JBS USA LUX SA | 6.500% | 12/1/52 | 5,440 | 5,242 | ||
2 | JBS USA LUX SA | 7.250% | 11/15/53 | 3,351 | 3,513 | |
Kellanova | 4.500% | 4/1/46 | 2,516 | 2,162 | ||
Kenvue Inc. | 5.100% | 3/22/43 | 2,715 | 2,645 | ||
Kenvue Inc. | 5.050% | 3/22/53 | 5,395 | 5,192 | ||
Kenvue Inc. | 5.200% | 3/22/63 | 2,715 | 2,626 | ||
Keurig Dr Pepper Inc. | 4.500% | 11/15/45 | 2,077 | 1,791 | ||
Keurig Dr Pepper Inc. | 4.420% | 12/15/46 | 1,264 | 1,067 | ||
Keurig Dr Pepper Inc. | 3.800% | 5/1/50 | 2,385 | 1,814 | ||
Keurig Dr Pepper Inc. | 3.350% | 3/15/51 | 1,500 | 1,043 | ||
Keurig Dr Pepper Inc. | 4.500% | 4/15/52 | 6,904 | 5,859 | ||
Kimberly-Clark Corp. | 6.625% | 8/1/37 | 1,949 | 2,245 | ||
Kimberly-Clark Corp. | 5.300% | 3/1/41 | 1,162 | 1,162 | ||
Kimberly-Clark Corp. | 3.200% | 7/30/46 | 1,310 | 957 | ||
Kimberly-Clark Corp. | 3.900% | 5/4/47 | 2,073 | 1,679 | ||
Kimberly-Clark Corp. | 2.875% | 2/7/50 | 1,494 | 1,020 | ||
Koninklijke Ahold Delhaize NV | 5.700% | 10/1/40 | 1,791 | 1,776 | ||
Kraft Heinz Foods Co. | 5.000% | 7/15/35 | 4,050 | 3,953 | ||
Kraft Heinz Foods Co. | 6.875% | 1/26/39 | 2,744 | 3,073 | ||
Kraft Heinz Foods Co. | 6.500% | 2/9/40 | 3,143 | 3,390 | ||
Kraft Heinz Foods Co. | 5.000% | 6/4/42 | 5,185 | 4,783 | ||
Kraft Heinz Foods Co. | 5.200% | 7/15/45 | 5,937 | 5,542 | ||
Kraft Heinz Foods Co. | 4.375% | 6/1/46 | 9,717 | 8,060 | ||
Kraft Heinz Foods Co. | 4.875% | 10/1/49 | 5,403 | 4,821 | ||
Kraft Heinz Foods Co. | 5.500% | 6/1/50 | 2,947 | 2,868 | ||
Kroger Co. | 6.900% | 4/15/38 | 1,158 | 1,293 | ||
Kroger Co. | 5.400% | 7/15/40 | 974 | 942 | ||
Kroger Co. | 5.000% | 4/15/42 | 739 | 685 | ||
Kroger Co. | 5.150% | 8/1/43 | 1,786 | 1,660 | ||
Kroger Co. | 3.875% | 10/15/46 | 654 | 496 | ||
Kroger Co. | 4.450% | 2/1/47 | 4,764 | 4,018 | ||
Kroger Co. | 4.650% | 1/15/48 | 1,362 | 1,187 | ||
Kroger Co. | 3.950% | 1/15/50 | 4,758 | 3,727 | ||
McCormick & Co. Inc. | 4.200% | 8/15/47 | 790 | 654 | ||
Mead Johnson Nutrition Co. | 5.900% | 11/1/39 | 1,700 | 1,773 | ||
Mead Johnson Nutrition Co. | 4.600% | 6/1/44 | 1,140 | 1,031 | ||
Molson Coors Beverage Co. | 5.000% | 5/1/42 | 2,823 | 2,623 | ||
Molson Coors Beverage Co. | 4.200% | 7/15/46 | 7,745 | 6,310 | ||
Mondelez International Inc. | 2.625% | 9/4/50 | 3,920 | 2,449 | ||
PepsiCo Inc. | 3.500% | 3/19/40 | 593 | 487 | ||
PepsiCo Inc. | 2.625% | 10/21/41 | 4,385 | 3,142 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
PepsiCo Inc. | 4.000% | 3/5/42 | 869 | 769 | ||
PepsiCo Inc. | 3.600% | 8/13/42 | 1,541 | 1,237 | ||
PepsiCo Inc. | 4.250% | 10/22/44 | 963 | 835 | ||
PepsiCo Inc. | 4.450% | 4/14/46 | 3,694 | 3,341 | ||
PepsiCo Inc. | 3.450% | 10/6/46 | 3,765 | 2,915 | ||
PepsiCo Inc. | 4.000% | 5/2/47 | 3,610 | 3,045 | ||
PepsiCo Inc. | 3.375% | 7/29/49 | 2,378 | 1,789 | ||
PepsiCo Inc. | 2.875% | 10/15/49 | 6,154 | 4,234 | ||
PepsiCo Inc. | 3.625% | 3/19/50 | 2,602 | 2,050 | ||
PepsiCo Inc. | 2.750% | 10/21/51 | 3,758 | 2,469 | ||
PepsiCo Inc. | 4.200% | 7/18/52 | 797 | 690 | ||
PepsiCo Inc. | 4.650% | 2/15/53 | 2,230 | 2,072 | ||
PepsiCo Inc. | 3.875% | 3/19/60 | 786 | 628 | ||
Philip Morris International Inc. | 6.375% | 5/16/38 | 6,000 | 6,475 | ||
Philip Morris International Inc. | 4.375% | 11/15/41 | 3,241 | 2,755 | ||
Philip Morris International Inc. | 4.500% | 3/20/42 | 3,563 | 3,076 | ||
Philip Morris International Inc. | 3.875% | 8/21/42 | 4,421 | 3,484 | ||
Philip Morris International Inc. | 4.125% | 3/4/43 | 2,960 | 2,414 | ||
Philip Morris International Inc. | 4.875% | 11/15/43 | 1,299 | 1,167 | ||
Philip Morris International Inc. | 4.250% | 11/10/44 | 3,394 | 2,798 | ||
Pilgrim's Pride Corp. | 6.875% | 5/15/34 | 1,000 | 1,053 | ||
Procter & Gamble Co. | 5.800% | 8/15/34 | 954 | 1,061 | ||
Procter & Gamble Co. | 5.550% | 3/5/37 | 1,595 | 1,711 | ||
Procter & Gamble Co. | 3.550% | 3/25/40 | 1,341 | 1,148 | ||
Procter & Gamble Co. | 3.500% | 10/25/47 | 678 | 545 | ||
Procter & Gamble Co. | 3.600% | 3/25/50 | 1,126 | 924 | ||
Reynolds American Inc. | 5.700% | 8/15/35 | 1,753 | 1,674 | ||
Reynolds American Inc. | 7.250% | 6/15/37 | 1,863 | 1,982 | ||
Reynolds American Inc. | 6.150% | 9/15/43 | 1,931 | 1,865 | ||
Reynolds American Inc. | 5.850% | 8/15/45 | 6,823 | 6,183 | ||
Sysco Corp. | 6.000% | 1/17/34 | 1,965 | 2,066 | ||
Sysco Corp. | 5.375% | 9/21/35 | 1,239 | 1,250 | ||
Sysco Corp. | 6.600% | 4/1/40 | 1,257 | 1,378 | ||
Sysco Corp. | 4.850% | 10/1/45 | 904 | 818 | ||
Sysco Corp. | 4.500% | 4/1/46 | 1,144 | 979 | ||
Sysco Corp. | 4.450% | 3/15/48 | 1,275 | 1,078 | ||
Sysco Corp. | 3.300% | 2/15/50 | 761 | 539 | ||
Sysco Corp. | 6.600% | 4/1/50 | 3,864 | 4,363 | ||
Sysco Corp. | 3.150% | 12/14/51 | 2,062 | 1,395 | ||
Target Corp. | 6.500% | 10/15/37 | 794 | 887 | ||
Target Corp. | 7.000% | 1/15/38 | 1,792 | 2,093 | ||
Target Corp. | 4.000% | 7/1/42 | 3,867 | 3,328 | ||
Target Corp. | 3.625% | 4/15/46 | 2,151 | 1,678 | ||
Target Corp. | 3.900% | 11/15/47 | 1,252 | 1,021 | ||
Target Corp. | 2.950% | 1/15/52 | 3,709 | 2,462 | ||
Target Corp. | 4.800% | 1/15/53 | 4,724 | 4,360 | ||
Tyson Foods Inc. | 4.875% | 8/15/34 | 1,978 | 1,879 | ||
Tyson Foods Inc. | 5.150% | 8/15/44 | 750 | 675 | ||
Tyson Foods Inc. | 4.550% | 6/2/47 | 1,052 | 852 | ||
Tyson Foods Inc. | 5.100% | 9/28/48 | 5,285 | 4,661 | ||
Unilever Capital Corp. | 5.000% | 12/8/33 | 1,935 | 1,938 | ||
1 | Unilever Capital Corp. | 2.625% | 8/12/51 | 2,672 | 1,724 | |
Walmart Inc. | 5.250% | 9/1/35 | 5,672 | 5,871 | ||
Walmart Inc. | 6.500% | 8/15/37 | 2,385 | 2,736 | ||
Walmart Inc. | 6.200% | 4/15/38 | 2,881 | 3,231 | ||
Walmart Inc. | 3.950% | 6/28/38 | 2,325 | 2,099 | ||
Walmart Inc. | 5.625% | 4/1/40 | 2,506 | 2,662 | ||
Walmart Inc. | 5.000% | 10/25/40 | 764 | 772 | ||
Walmart Inc. | 5.625% | 4/15/41 | 1,854 | 1,970 | ||
Walmart Inc. | 2.500% | 9/22/41 | 4,030 | 2,842 | ||
Walmart Inc. | 4.000% | 4/11/43 | 2,404 | 2,080 | ||
Walmart Inc. | 3.625% | 12/15/47 | 1,592 | 1,254 | ||
Walmart Inc. | 4.050% | 6/29/48 | 5,847 | 5,029 | ||
Walmart Inc. | 2.950% | 9/24/49 | 1,545 | 1,078 | ||
Walmart Inc. | 2.650% | 9/22/51 | 3,579 | 2,334 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Walmart Inc. | 4.500% | 9/9/52 | 3,029 | 2,758 | ||
Walmart Inc. | 4.500% | 4/15/53 | 7,170 | 6,522 | ||
567,480 | ||||||
Energy (8.9%) | ||||||
Apache Corp. | 6.000% | 1/15/37 | 1,195 | 1,162 | ||
Apache Corp. | 5.100% | 9/1/40 | 4,917 | 4,115 | ||
Apache Corp. | 5.250% | 2/1/42 | 1,117 | 927 | ||
Apache Corp. | 4.750% | 4/15/43 | 1,523 | 1,171 | ||
Apache Corp. | 5.350% | 7/1/49 | 1,337 | 1,082 | ||
Baker Hughes Holdings LLC | 5.125% | 9/15/40 | 4,159 | 4,034 | ||
Baker Hughes Holdings LLC | 4.080% | 12/15/47 | 4,070 | 3,277 | ||
BP Capital Markets America Inc. | 4.989% | 4/10/34 | 5,730 | 5,638 | ||
BP Capital Markets America Inc. | 3.060% | 6/17/41 | 5,167 | 3,837 | ||
BP Capital Markets America Inc. | 3.000% | 2/24/50 | 9,720 | 6,503 | ||
BP Capital Markets America Inc. | 2.772% | 11/10/50 | 5,591 | 3,551 | ||
BP Capital Markets America Inc. | 2.939% | 6/4/51 | 7,878 | 5,178 | ||
BP Capital Markets America Inc. | 3.001% | 3/17/52 | 3,627 | 2,407 | ||
BP Capital Markets America Inc. | 3.379% | 2/8/61 | 7,187 | 4,837 | ||
3 | BP Capital Markets plc | 6.450% | Perpetual | 1,960 | 1,970 | |
Canadian Natural Resources Ltd. | 5.850% | 2/1/35 | 992 | 990 | ||
Canadian Natural Resources Ltd. | 6.500% | 2/15/37 | 989 | 1,030 | ||
Canadian Natural Resources Ltd. | 6.250% | 3/15/38 | 4,035 | 4,137 | ||
Canadian Natural Resources Ltd. | 6.750% | 2/1/39 | 937 | 998 | ||
1 | Canadian Natural Resources Ltd. | 4.950% | 6/1/47 | 4,270 | 3,721 | |
Cenovus Energy Inc. | 5.250% | 6/15/37 | 682 | 634 | ||
Cenovus Energy Inc. | 6.750% | 11/15/39 | 617 | 669 | ||
Cenovus Energy Inc. | 5.400% | 6/15/47 | 2,481 | 2,278 | ||
Cenovus Energy Inc. | 3.750% | 2/15/52 | 3,364 | 2,401 | ||
Cheniere Corpus Christi Holdings LLC | 2.742% | 12/31/39 | 1,036 | 813 | ||
Chevron Corp. | 3.078% | 5/11/50 | 3,394 | 2,394 | ||
Chevron USA Inc. | 5.250% | 11/15/43 | 998 | 1,006 | ||
Chevron USA Inc. | 2.343% | 8/12/50 | 4,508 | 2,703 | ||
Columbia Pipeline Group Inc. | 5.800% | 6/1/45 | 1,862 | 1,798 | ||
ConocoPhillips | 5.900% | 5/15/38 | 2,039 | 2,137 | ||
ConocoPhillips | 6.500% | 2/1/39 | 4,380 | 4,931 | ||
ConocoPhillips | 4.875% | 10/1/47 | 1,436 | 1,332 | ||
ConocoPhillips Co. | 3.758% | 3/15/42 | 3,005 | 2,434 | ||
ConocoPhillips Co. | 4.300% | 11/15/44 | 1,808 | 1,554 | ||
ConocoPhillips Co. | 3.800% | 3/15/52 | 5,640 | 4,323 | ||
ConocoPhillips Co. | 5.300% | 5/15/53 | 4,749 | 4,647 | ||
ConocoPhillips Co. | 5.550% | 3/15/54 | 3,115 | 3,150 | ||
ConocoPhillips Co. | 4.025% | 3/15/62 | 6,251 | 4,842 | ||
ConocoPhillips Co. | 5.700% | 9/15/63 | 2,395 | 2,447 | ||
Continental Resources Inc. | 4.900% | 6/1/44 | 2,487 | 2,016 | ||
DCP Midstream Operating LP | 5.600% | 4/1/44 | 1,545 | 1,475 | ||
Devon Energy Corp. | 5.600% | 7/15/41 | 3,974 | 3,745 | ||
Devon Energy Corp. | 4.750% | 5/15/42 | 2,490 | 2,108 | ||
Devon Energy Corp. | 5.000% | 6/15/45 | 1,705 | 1,471 | ||
Diamondback Energy Inc. | 4.400% | 3/24/51 | 2,436 | 1,966 | ||
Diamondback Energy Inc. | 4.250% | 3/15/52 | 1,960 | 1,555 | ||
Diamondback Energy Inc. | 6.250% | 3/15/53 | 2,492 | 2,636 | ||
1 | Eastern Gas Transmission & Storage Inc. | 4.800% | 11/1/43 | 1,183 | 1,042 | |
1 | Eastern Gas Transmission & Storage Inc. | 4.600% | 12/15/44 | 860 | 730 | |
1 | Enbridge Energy Partners LP | 7.500% | 4/15/38 | 727 | 840 | |
Enbridge Energy Partners LP | 5.500% | 9/15/40 | 1,087 | 1,053 | ||
Enbridge Energy Partners LP | 7.375% | 10/15/45 | 2,462 | 2,842 | ||
Enbridge Inc. | 4.500% | 6/10/44 | 1,964 | 1,637 | ||
Enbridge Inc. | 5.500% | 12/1/46 | 1,944 | 1,877 | ||
Enbridge Inc. | 4.000% | 11/15/49 | 857 | 663 | ||
Enbridge Inc. | 3.400% | 8/1/51 | 3,409 | 2,377 | ||
Enbridge Inc. | 6.700% | 11/15/53 | 4,305 | 4,802 | ||
Energy Transfer LP | 5.550% | 5/15/34 | 4,255 | 4,213 | ||
Energy Transfer LP | 4.900% | 3/15/35 | 1,891 | 1,764 | ||
Energy Transfer LP | 6.625% | 10/15/36 | 1,533 | 1,611 | ||
1 | Energy Transfer LP | 5.800% | 6/15/38 | 1,062 | 1,048 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Energy Transfer LP | 7.500% | 7/1/38 | 1,381 | 1,569 | ||
Energy Transfer LP | 6.050% | 6/1/41 | 2,406 | 2,385 | ||
Energy Transfer LP | 6.500% | 2/1/42 | 5,046 | 5,274 | ||
Energy Transfer LP | 6.100% | 2/15/42 | 986 | 977 | ||
Energy Transfer LP | 4.950% | 1/15/43 | 1,038 | 894 | ||
Energy Transfer LP | 5.150% | 2/1/43 | 2,014 | 1,773 | ||
Energy Transfer LP | 5.950% | 10/1/43 | 689 | 672 | ||
Energy Transfer LP | 5.300% | 4/1/44 | 2,265 | 2,051 | ||
Energy Transfer LP | 5.000% | 5/15/44 | 1,319 | 1,142 | ||
Energy Transfer LP | 5.150% | 3/15/45 | 5,109 | 4,559 | ||
Energy Transfer LP | 5.350% | 5/15/45 | 3,037 | 2,748 | ||
Energy Transfer LP | 6.125% | 12/15/45 | 3,982 | 3,958 | ||
Energy Transfer LP | 5.300% | 4/15/47 | 4,048 | 3,616 | ||
Energy Transfer LP | 5.400% | 10/1/47 | 5,344 | 4,833 | ||
Energy Transfer LP | 6.000% | 6/15/48 | 5,126 | 5,018 | ||
Energy Transfer LP | 6.250% | 4/15/49 | 6,000 | 6,054 | ||
Energy Transfer LP | 5.000% | 5/15/50 | 5,587 | 4,817 | ||
Energy Transfer LP | 5.950% | 5/15/54 | 5,666 | 5,541 | ||
1 | Enterprise Products Operating LLC | 6.650% | 10/15/34 | 932 | 1,029 | |
Enterprise Products Operating LLC | 7.550% | 4/15/38 | 848 | 1,009 | ||
Enterprise Products Operating LLC | 6.125% | 10/15/39 | 3,431 | 3,596 | ||
Enterprise Products Operating LLC | 6.450% | 9/1/40 | 1,360 | 1,486 | ||
Enterprise Products Operating LLC | 5.950% | 2/1/41 | 2,504 | 2,611 | ||
Enterprise Products Operating LLC | 5.700% | 2/15/42 | 1,488 | 1,501 | ||
Enterprise Products Operating LLC | 4.850% | 8/15/42 | 2,687 | 2,458 | ||
Enterprise Products Operating LLC | 4.450% | 2/15/43 | 4,611 | 4,012 | ||
Enterprise Products Operating LLC | 4.850% | 3/15/44 | 4,542 | 4,158 | ||
Enterprise Products Operating LLC | 5.100% | 2/15/45 | 6,674 | 6,248 | ||
Enterprise Products Operating LLC | 4.250% | 2/15/48 | 4,120 | 3,444 | ||
Enterprise Products Operating LLC | 4.800% | 2/1/49 | 5,286 | 4,787 | ||
Enterprise Products Operating LLC | 4.200% | 1/31/50 | 4,367 | 3,605 | ||
Enterprise Products Operating LLC | 3.700% | 1/31/51 | 2,009 | 1,515 | ||
Enterprise Products Operating LLC | 3.200% | 2/15/52 | 3,197 | 2,182 | ||
Enterprise Products Operating LLC | 3.300% | 2/15/53 | 3,471 | 2,422 | ||
Enterprise Products Operating LLC | 4.950% | 10/15/54 | 4,080 | 3,720 | ||
Enterprise Products Operating LLC | 3.950% | 1/31/60 | 3,092 | 2,339 | ||
EOG Resources Inc. | 3.900% | 4/1/35 | 808 | 724 | ||
EOG Resources Inc. | 4.950% | 4/15/50 | 3,732 | 3,479 | ||
Exxon Mobil Corp. | 2.995% | 8/16/39 | 2,944 | 2,265 | ||
Exxon Mobil Corp. | 4.227% | 3/19/40 | 5,847 | 5,243 | ||
Exxon Mobil Corp. | 3.567% | 3/6/45 | 4,083 | 3,181 | ||
Exxon Mobil Corp. | 4.114% | 3/1/46 | 10,031 | 8,502 | ||
Exxon Mobil Corp. | 3.095% | 8/16/49 | 6,077 | 4,247 | ||
Exxon Mobil Corp. | 4.327% | 3/19/50 | 7,352 | 6,407 | ||
Exxon Mobil Corp. | 3.452% | 4/15/51 | 9,612 | 7,126 | ||
Halliburton Co. | 4.850% | 11/15/35 | 4,129 | 3,973 | ||
Halliburton Co. | 6.700% | 9/15/38 | 3,735 | 4,182 | ||
Halliburton Co. | 7.450% | 9/15/39 | 2,570 | 3,087 | ||
Halliburton Co. | 4.750% | 8/1/43 | 3,412 | 3,078 | ||
Halliburton Co. | 5.000% | 11/15/45 | 9,169 | 8,530 | ||
Hess Corp. | 6.000% | 1/15/40 | 2,688 | 2,806 | ||
Hess Corp. | 5.600% | 2/15/41 | 4,492 | 4,526 | ||
Hess Corp. | 5.800% | 4/1/47 | 1,759 | 1,784 | ||
Kinder Morgan Energy Partners LP | 5.800% | 3/15/35 | 2,090 | 2,098 | ||
Kinder Morgan Energy Partners LP | 6.500% | 2/1/37 | 1,068 | 1,100 | ||
1 | Kinder Morgan Energy Partners LP | 6.950% | 1/15/38 | 3,833 | 4,133 | |
Kinder Morgan Energy Partners LP | 6.500% | 9/1/39 | 1,696 | 1,746 | ||
Kinder Morgan Energy Partners LP | 6.550% | 9/15/40 | 1,224 | 1,270 | ||
Kinder Morgan Energy Partners LP | 7.500% | 11/15/40 | 1,536 | 1,712 | ||
Kinder Morgan Energy Partners LP | 5.625% | 9/1/41 | 696 | 655 | ||
Kinder Morgan Energy Partners LP | 5.000% | 8/15/42 | 2,537 | 2,207 | ||
Kinder Morgan Energy Partners LP | 4.700% | 11/1/42 | 947 | 795 | ||
Kinder Morgan Energy Partners LP | 5.000% | 3/1/43 | 3,301 | 2,875 | ||
Kinder Morgan Energy Partners LP | 5.500% | 3/1/44 | 7,497 | 6,931 | ||
Kinder Morgan Energy Partners LP | 5.400% | 9/1/44 | 1,678 | 1,530 | ||
Kinder Morgan Inc. | 5.300% | 12/1/34 | 3,329 | 3,244 | ||
Kinder Morgan Inc. | 5.550% | 6/1/45 | 5,013 | 4,703 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Kinder Morgan Inc. | 5.050% | 2/15/46 | 2,678 | 2,329 | ||
Kinder Morgan Inc. | 5.200% | 3/1/48 | 2,776 | 2,466 | ||
Kinder Morgan Inc. | 3.250% | 8/1/50 | 1,644 | 1,063 | ||
Kinder Morgan Inc. | 3.600% | 2/15/51 | 3,984 | 2,735 | ||
Kinder Morgan Inc. | 5.450% | 8/1/52 | 2,590 | 2,386 | ||
Magellan Midstream Partners LP | 3.950% | 3/1/50 | 2,620 | 1,908 | ||
Marathon Oil Corp. | 6.600% | 10/1/37 | 2,655 | 2,770 | ||
Marathon Oil Corp. | 5.200% | 6/1/45 | 1,711 | 1,486 | ||
Marathon Petroleum Corp. | 6.500% | 3/1/41 | 4,800 | 5,095 | ||
Marathon Petroleum Corp. | 4.750% | 9/15/44 | 2,169 | 1,893 | ||
Marathon Petroleum Corp. | 4.500% | 4/1/48 | 2,682 | 2,206 | ||
Marathon Petroleum Corp. | 5.000% | 9/15/54 | 587 | 504 | ||
MPLX LP | 4.500% | 4/15/38 | 6,056 | 5,277 | ||
MPLX LP | 5.200% | 3/1/47 | 2,791 | 2,506 | ||
MPLX LP | 5.200% | 12/1/47 | 1,428 | 1,272 | ||
MPLX LP | 4.700% | 4/15/48 | 5,600 | 4,688 | ||
MPLX LP | 5.500% | 2/15/49 | 5,168 | 4,839 | ||
MPLX LP | 4.950% | 3/14/52 | 5,377 | 4,631 | ||
MPLX LP | 5.650% | 3/1/53 | 1,760 | 1,676 | ||
MPLX LP | 4.900% | 4/15/58 | 555 | 460 | ||
NOV Inc. | 3.950% | 12/1/42 | 3,291 | 2,452 | ||
Occidental Petroleum Corp. | 6.450% | 9/15/36 | 5,026 | 5,299 | ||
Occidental Petroleum Corp. | 7.950% | 6/15/39 | 960 | 1,119 | ||
Occidental Petroleum Corp. | 6.200% | 3/15/40 | 2,584 | 2,623 | ||
Occidental Petroleum Corp. | 6.600% | 3/15/46 | 4,271 | 4,537 | ||
Occidental Petroleum Corp. | 4.400% | 4/15/46 | 1,665 | 1,336 | ||
Occidental Petroleum Corp. | 4.200% | 3/15/48 | 1,051 | 809 | ||
ONEOK Inc. | 6.000% | 6/15/35 | 526 | 530 | ||
ONEOK Inc. | 5.150% | 10/15/43 | 1,550 | 1,400 | ||
ONEOK Inc. | 4.250% | 9/15/46 | 1,344 | 1,047 | ||
ONEOK Inc. | 4.950% | 7/13/47 | 2,889 | 2,487 | ||
ONEOK Inc. | 4.200% | 10/3/47 | 952 | 728 | ||
ONEOK Inc. | 5.200% | 7/15/48 | 5,138 | 4,639 | ||
ONEOK Inc. | 4.850% | 2/1/49 | 1,520 | 1,297 | ||
ONEOK Inc. | 4.450% | 9/1/49 | 2,426 | 1,935 | ||
ONEOK Inc. | 4.500% | 3/15/50 | 1,206 | 965 | ||
ONEOK Inc. | 7.150% | 1/15/51 | 1,176 | 1,304 | ||
ONEOK Inc. | 6.625% | 9/1/53 | 6,328 | 6,810 | ||
ONEOK Partners LP | 6.650% | 10/1/36 | 1,292 | 1,366 | ||
ONEOK Partners LP | 6.850% | 10/15/37 | 1,298 | 1,392 | ||
ONEOK Partners LP | 6.125% | 2/1/41 | 1,983 | 2,015 | ||
ONEOK Partners LP | 6.200% | 9/15/43 | 829 | 846 | ||
Ovintiv Inc. | 6.500% | 8/15/34 | 2,112 | 2,212 | ||
Ovintiv Inc. | 6.625% | 8/15/37 | 1,681 | 1,735 | ||
Ovintiv Inc. | 6.500% | 2/1/38 | 1,202 | 1,231 | ||
Ovintiv Inc. | 7.100% | 7/15/53 | 1,425 | 1,553 | ||
Phillips 66 | 4.650% | 11/15/34 | 3,553 | 3,335 | ||
Phillips 66 | 5.875% | 5/1/42 | 4,246 | 4,376 | ||
Phillips 66 | 4.875% | 11/15/44 | 7,991 | 7,294 | ||
Phillips 66 | 3.300% | 3/15/52 | 3,941 | 2,695 | ||
Phillips 66 Co. | 4.680% | 2/15/45 | 833 | 727 | ||
Phillips 66 Co. | 4.900% | 10/1/46 | 947 | 847 | ||
Phillips 66 Co. | 5.650% | 6/15/54 | 2,100 | 2,082 | ||
Plains All American Pipeline LP | 6.650% | 1/15/37 | 1,930 | 2,037 | ||
Plains All American Pipeline LP | 5.150% | 6/1/42 | 1,649 | 1,455 | ||
Plains All American Pipeline LP | 4.300% | 1/31/43 | 1,051 | 831 | ||
Plains All American Pipeline LP | 4.700% | 6/15/44 | 2,291 | 1,895 | ||
Plains All American Pipeline LP | 4.900% | 2/15/45 | 2,490 | 2,097 | ||
Sabine Pass Liquefaction LLC | 5.900% | 9/15/37 | 1,335 | 1,382 | ||
Shell International Finance BV | 4.125% | 5/11/35 | 6,285 | 5,809 | ||
Shell International Finance BV | 6.375% | 12/15/38 | 7,266 | 8,076 | ||
Shell International Finance BV | 5.500% | 3/25/40 | 4,676 | 4,811 | ||
Shell International Finance BV | 2.875% | 11/26/41 | 1,626 | 1,187 | ||
Shell International Finance BV | 3.625% | 8/21/42 | 2,912 | 2,347 | ||
Shell International Finance BV | 4.550% | 8/12/43 | 4,650 | 4,222 | ||
Shell International Finance BV | 4.375% | 5/11/45 | 11,036 | 9,641 | ||
Shell International Finance BV | 4.000% | 5/10/46 | 8,158 | 6,698 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Shell International Finance BV | 3.750% | 9/12/46 | 5,610 | 4,420 | ||
Shell International Finance BV | 3.125% | 11/7/49 | 3,080 | 2,142 | ||
Shell International Finance BV | 3.250% | 4/6/50 | 6,446 | 4,582 | ||
Shell International Finance BV | 3.000% | 11/26/51 | 1,589 | 1,065 | ||
Spectra Energy Partners LP | 5.950% | 9/25/43 | 1,170 | 1,163 | ||
Spectra Energy Partners LP | 4.500% | 3/15/45 | 2,773 | 2,323 | ||
Suncor Energy Inc. | 5.950% | 12/1/34 | 1,001 | 1,040 | ||
Suncor Energy Inc. | 6.800% | 5/15/38 | 4,907 | 5,233 | ||
Suncor Energy Inc. | 6.500% | 6/15/38 | 3,883 | 4,065 | ||
Suncor Energy Inc. | 6.850% | 6/1/39 | 2,349 | 2,521 | ||
Suncor Energy Inc. | 4.000% | 11/15/47 | 2,123 | 1,617 | ||
Suncor Energy Inc. | 3.750% | 3/4/51 | 1,637 | 1,188 | ||
Targa Resources Corp. | 6.500% | 3/30/34 | 3,100 | 3,291 | ||
Targa Resources Corp. | 4.950% | 4/15/52 | 2,670 | 2,285 | ||
Targa Resources Corp. | 6.250% | 7/1/52 | 1,630 | 1,650 | ||
Targa Resources Corp. | 6.500% | 2/15/53 | 3,160 | 3,326 | ||
TotalEnergies Capital International SA | 2.986% | 6/29/41 | 1,790 | 1,329 | ||
TotalEnergies Capital International SA | 3.461% | 7/12/49 | 2,721 | 2,032 | ||
TotalEnergies Capital International SA | 3.127% | 5/29/50 | 8,918 | 6,202 | ||
TransCanada PipeLines Ltd. | 4.625% | 3/1/34 | 5,240 | 4,857 | ||
TransCanada PipeLines Ltd. | 5.600% | 3/31/34 | 773 | 772 | ||
TransCanada PipeLines Ltd. | 5.850% | 3/15/36 | 1,861 | 1,860 | ||
TransCanada PipeLines Ltd. | 6.200% | 10/15/37 | 5,303 | 5,456 | ||
TransCanada PipeLines Ltd. | 4.750% | 5/15/38 | 635 | 574 | ||
TransCanada PipeLines Ltd. | 7.250% | 8/15/38 | 1,995 | 2,249 | ||
TransCanada PipeLines Ltd. | 7.625% | 1/15/39 | 3,593 | 4,186 | ||
TransCanada PipeLines Ltd. | 6.100% | 6/1/40 | 3,614 | 3,692 | ||
TransCanada PipeLines Ltd. | 5.000% | 10/16/43 | 1,449 | 1,294 | ||
TransCanada PipeLines Ltd. | 4.875% | 5/15/48 | 2,965 | 2,586 | ||
TransCanada PipeLines Ltd. | 5.100% | 3/15/49 | 3,085 | 2,826 | ||
Transcontinental Gas Pipe Line Co. LLC | 5.400% | 8/15/41 | 1,295 | 1,263 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.450% | 8/1/42 | 1,307 | 1,134 | ||
Transcontinental Gas Pipe Line Co. LLC | 4.600% | 3/15/48 | 2,077 | 1,816 | ||
Transcontinental Gas Pipe Line Co. LLC | 3.950% | 5/15/50 | 1,739 | 1,353 | ||
Valero Energy Corp. | 6.625% | 6/15/37 | 4,742 | 5,078 | ||
Valero Energy Corp. | 3.650% | 12/1/51 | 3,331 | 2,344 | ||
Valero Energy Corp. | 4.000% | 6/1/52 | 1,850 | 1,391 | ||
Western Midstream Operating LP | 5.450% | 4/1/44 | 2,132 | 1,915 | ||
Western Midstream Operating LP | 5.300% | 3/1/48 | 2,722 | 2,348 | ||
Western Midstream Operating LP | 5.500% | 8/15/48 | 1,276 | 1,120 | ||
Western Midstream Operating LP | 5.250% | 2/1/50 | 3,197 | 2,832 | ||
Williams Cos. Inc. | 5.150% | 3/15/34 | 2,000 | 1,955 | ||
Williams Cos. Inc. | 6.300% | 4/15/40 | 5,820 | 6,027 | ||
Williams Cos. Inc. | 5.400% | 3/4/44 | 1,900 | 1,780 | ||
Williams Cos. Inc. | 5.750% | 6/24/44 | 2,703 | 2,645 | ||
Williams Cos. Inc. | 4.900% | 1/15/45 | 1,335 | 1,176 | ||
Williams Cos. Inc. | 5.100% | 9/15/45 | 3,982 | 3,636 | ||
Williams Cos. Inc. | 4.850% | 3/1/48 | 2,739 | 2,404 | ||
Williams Cos. Inc. | 3.500% | 10/15/51 | 1,879 | 1,309 | ||
Williams Cos. Inc. | 5.300% | 8/15/52 | 2,628 | 2,459 | ||
676,183 | ||||||
Financials (13.6%) | ||||||
AerCap Ireland Capital DAC | 3.850% | 10/29/41 | 5,307 | 4,103 | ||
Aflac Inc. | 4.000% | 10/15/46 | 903 | 719 | ||
Aflac Inc. | 4.750% | 1/15/49 | 1,709 | 1,546 | ||
Alleghany Corp. | 4.900% | 9/15/44 | 1,389 | 1,301 | ||
Alleghany Corp. | 3.250% | 8/15/51 | 2,014 | 1,405 | ||
Allstate Corp. | 5.550% | 5/9/35 | 1,789 | 1,812 | ||
Allstate Corp. | 5.950% | 4/1/36 | 2,315 | 2,418 | ||
Allstate Corp. | 4.500% | 6/15/43 | 1,762 | 1,536 | ||
Allstate Corp. | 4.200% | 12/15/46 | 2,770 | 2,265 | ||
Allstate Corp. | 3.850% | 8/10/49 | 1,415 | 1,098 | ||
1 | Allstate Corp. | 6.500% | 5/15/57 | 1,412 | 1,421 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
American Express Co. | 4.050% | 12/3/42 | 3,849 | 3,311 | ||
American Financial Group Inc. | 4.500% | 6/15/47 | 1,178 | 963 | ||
American International Group Inc. | 3.875% | 1/15/35 | 1,306 | 1,149 | ||
American International Group Inc. | 4.700% | 7/10/35 | 936 | 845 | ||
American International Group Inc. | 6.250% | 5/1/36 | 1,087 | 1,128 | ||
American International Group Inc. | 4.500% | 7/16/44 | 1,548 | 1,367 | ||
American International Group Inc. | 4.800% | 7/10/45 | 1,951 | 1,787 | ||
American International Group Inc. | 4.750% | 4/1/48 | 3,305 | 3,019 | ||
American International Group Inc. | 4.375% | 6/30/50 | 3,768 | 3,233 | ||
Aon Corp. | 6.250% | 9/30/40 | 947 | 1,003 | ||
Aon Corp. | 2.900% | 8/23/51 | 3,064 | 1,906 | ||
Aon Corp. | 3.900% | 2/28/52 | 3,384 | 2,561 | ||
Aon Global Ltd. | 4.600% | 6/14/44 | 1,246 | 1,076 | ||
Aon Global Ltd. | 4.750% | 5/15/45 | 1,810 | 1,595 | ||
3 | Aon North America Inc. | 5.750% | 3/1/54 | 6,500 | 6,530 | |
Arch Capital Finance LLC | 5.031% | 12/15/46 | 1,009 | 928 | ||
Arch Capital Group Ltd. | 7.350% | 5/1/34 | 994 | 1,115 | ||
Arch Capital Group Ltd. | 3.635% | 6/30/50 | 3,595 | 2,648 | ||
Arch Capital Group US Inc. | 5.144% | 11/1/43 | 1,748 | 1,627 | ||
Arthur J Gallagher & Co. | 3.500% | 5/20/51 | 3,425 | 2,378 | ||
Arthur J Gallagher & Co. | 3.050% | 3/9/52 | 1,179 | 748 | ||
Arthur J Gallagher & Co. | 5.750% | 3/2/53 | 2,270 | 2,235 | ||
Arthur J Gallagher & Co. | 6.750% | 2/15/54 | 1,727 | 1,934 | ||
Arthur J Gallagher & Co. | 5.750% | 7/15/54 | 1,700 | 1,685 | ||
Assured Guaranty US Holdings Inc. | 3.600% | 9/15/51 | 1,284 | 903 | ||
Athene Holding Ltd. | 3.950% | 5/25/51 | 1,457 | 1,063 | ||
Athene Holding Ltd. | 3.450% | 5/15/52 | 2,141 | 1,393 | ||
Bank of America Corp. | 6.110% | 1/29/37 | 7,817 | 8,193 | ||
1 | Bank of America Corp. | 4.244% | 4/24/38 | 4,751 | 4,220 | |
Bank of America Corp. | 7.750% | 5/14/38 | 5,080 | 6,096 | ||
1 | Bank of America Corp. | 4.078% | 4/23/40 | 5,572 | 4,767 | |
1 | Bank of America Corp. | 2.676% | 6/19/41 | 15,598 | 10,880 | |
1 | Bank of America Corp. | 5.875% | 2/7/42 | 7,127 | 7,580 | |
Bank of America Corp. | 3.311% | 4/22/42 | 11,535 | 8,743 | ||
1 | Bank of America Corp. | 5.000% | 1/21/44 | 7,189 | 6,875 | |
1 | Bank of America Corp. | 4.875% | 4/1/44 | 1,810 | 1,709 | |
1 | Bank of America Corp. | 4.750% | 4/21/45 | 937 | 851 | |
1 | Bank of America Corp. | 4.443% | 1/20/48 | 8,503 | 7,315 | |
1 | Bank of America Corp. | 3.946% | 1/23/49 | 1,139 | 915 | |
1 | Bank of America Corp. | 4.330% | 3/15/50 | 14,763 | 12,433 | |
1 | Bank of America Corp. | 4.083% | 3/20/51 | 16,446 | 13,281 | |
1 | Bank of America Corp. | 2.831% | 10/24/51 | 2,017 | 1,293 | |
1 | Bank of America Corp. | 3.483% | 3/13/52 | 3,533 | 2,591 | |
Bank of America Corp. | 2.972% | 7/21/52 | 8,683 | 5,771 | ||
1 | Bank of America NA | 6.000% | 10/15/36 | 3,489 | 3,639 | |
Barclays plc | 3.811% | 3/10/42 | 2,649 | 1,987 | ||
Barclays plc | 3.330% | 11/24/42 | 2,784 | 2,011 | ||
Barclays plc | 5.250% | 8/17/45 | 5,147 | 4,908 | ||
Barclays plc | 4.950% | 1/10/47 | 6,920 | 6,297 | ||
Berkshire Hathaway Finance Corp. | 5.750% | 1/15/40 | 2,816 | 3,028 | ||
Berkshire Hathaway Finance Corp. | 4.400% | 5/15/42 | 2,230 | 2,061 | ||
Berkshire Hathaway Finance Corp. | 4.300% | 5/15/43 | 3,903 | 3,490 | ||
Berkshire Hathaway Finance Corp. | 4.200% | 8/15/48 | 6,922 | 6,021 | ||
Berkshire Hathaway Finance Corp. | 4.250% | 1/15/49 | 9,997 | 8,794 | ||
Berkshire Hathaway Finance Corp. | 2.850% | 10/15/50 | 7,389 | 4,875 | ||
Berkshire Hathaway Finance Corp. | 2.500% | 1/15/51 | 1,213 | 750 | ||
Berkshire Hathaway Finance Corp. | 3.850% | 3/15/52 | 7,616 | 6,037 | ||
Berkshire Hathaway Inc. | 4.500% | 2/11/43 | 3,188 | 3,005 | ||
Brighthouse Financial Inc. | 4.700% | 6/22/47 | 3,641 | 2,821 | ||
Brighthouse Financial Inc. | 3.850% | 12/22/51 | 895 | 580 | ||
Brookfield Finance Inc. | 4.700% | 9/20/47 | 3,237 | 2,747 | ||
Brookfield Finance Inc. | 3.500% | 3/30/51 | 1,578 | 1,121 | ||
Brookfield Finance Inc. | 3.625% | 2/15/52 | 1,386 | 988 | ||
3 | Brookfield Finance Inc. | 5.968% | 3/4/54 | 3,100 | 3,129 | |
Brookfield Finance LLC | 3.450% | 4/15/50 | 1,579 | 1,096 | ||
Brown & Brown Inc. | 4.950% | 3/17/52 | 2,026 | 1,746 | ||
Chubb Corp. | 6.000% | 5/11/37 | 3,279 | 3,519 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Chubb Corp. | 6.500% | 5/15/38 | 1,623 | 1,824 | |
Chubb INA Holdings Inc. | 6.700% | 5/15/36 | 1,015 | 1,154 | ||
Chubb INA Holdings Inc. | 4.150% | 3/13/43 | 794 | 694 | ||
Chubb INA Holdings Inc. | 4.350% | 11/3/45 | 5,905 | 5,213 | ||
Chubb INA Holdings Inc. | 2.850% | 12/15/51 | 1,731 | 1,172 | ||
Chubb INA Holdings Inc. | 3.050% | 12/15/61 | 3,959 | 2,628 | ||
CI Financial Corp. | 4.100% | 6/15/51 | 3,065 | 1,811 | ||
Cincinnati Financial Corp. | 6.125% | 11/1/34 | 1,504 | 1,571 | ||
Citigroup Inc. | 6.125% | 8/25/36 | 1,609 | 1,663 | ||
1 | Citigroup Inc. | 3.878% | 1/24/39 | 3,270 | 2,751 | |
Citigroup Inc. | 8.125% | 7/15/39 | 5,555 | 7,034 | ||
1 | Citigroup Inc. | 5.316% | 3/26/41 | 3,814 | 3,731 | |
Citigroup Inc. | 5.875% | 1/30/42 | 3,568 | 3,750 | ||
Citigroup Inc. | 2.904% | 11/3/42 | 3,147 | 2,227 | ||
Citigroup Inc. | 6.675% | 9/13/43 | 6,726 | 7,376 | ||
Citigroup Inc. | 5.300% | 5/6/44 | 2,138 | 2,043 | ||
Citigroup Inc. | 4.650% | 7/30/45 | 1,777 | 1,586 | ||
Citigroup Inc. | 4.750% | 5/18/46 | 6,722 | 5,879 | ||
1 | Citigroup Inc. | 4.281% | 4/24/48 | 5,774 | 4,880 | |
Citigroup Inc. | 4.650% | 7/23/48 | 9,333 | 8,318 | ||
CME Group Inc. | 5.300% | 9/15/43 | 2,568 | 2,599 | ||
CME Group Inc. | 4.150% | 6/15/48 | 1,887 | 1,620 | ||
1 | Cooperatieve Rabobank UA | 5.250% | 5/24/41 | 5,139 | 5,192 | |
Cooperatieve Rabobank UA | 5.750% | 12/1/43 | 6,365 | 6,389 | ||
Cooperatieve Rabobank UA | 5.250% | 8/4/45 | 1,455 | 1,411 | ||
Corebridge Financial Inc. | 4.350% | 4/5/42 | 667 | 552 | ||
Corebridge Financial Inc. | 4.400% | 4/5/52 | 4,971 | 3,996 | ||
Equitable Holdings Inc. | 5.000% | 4/20/48 | 5,448 | 4,941 | ||
Everest Reinsurance Holdings Inc. | 4.868% | 6/1/44 | 1,334 | 1,201 | ||
Everest Reinsurance Holdings Inc. | 3.500% | 10/15/50 | 2,059 | 1,446 | ||
Everest Reinsurance Holdings Inc. | 3.125% | 10/15/52 | 3,540 | 2,218 | ||
Fidelity National Financial Inc. | 3.200% | 9/17/51 | 1,458 | 915 | ||
Fifth Third Bancorp | 8.250% | 3/1/38 | 3,199 | 3,782 | ||
Franklin Resources Inc. | 2.950% | 8/12/51 | 1,037 | 637 | ||
GATX Corp. | 6.900% | 5/1/34 | 2,085 | 2,268 | ||
GATX Corp. | 5.200% | 3/15/44 | 673 | 614 | ||
GATX Corp. | 3.100% | 6/1/51 | 2,024 | 1,301 | ||
Global Payments Inc. | 4.150% | 8/15/49 | 2,242 | 1,710 | ||
Global Payments Inc. | 5.950% | 8/15/52 | 3,060 | 3,008 | ||
Goldman Sachs Group Inc. | 6.450% | 5/1/36 | 3,757 | 4,013 | ||
Goldman Sachs Group Inc. | 6.750% | 10/1/37 | 21,621 | 23,513 | ||
1 | Goldman Sachs Group Inc. | 4.017% | 10/31/38 | 4,657 | 3,988 | |
1 | Goldman Sachs Group Inc. | 4.411% | 4/23/39 | 6,884 | 6,097 | |
Goldman Sachs Group Inc. | 6.250% | 2/1/41 | 11,186 | 12,073 | ||
Goldman Sachs Group Inc. | 3.210% | 4/22/42 | 5,063 | 3,767 | ||
Goldman Sachs Group Inc. | 2.908% | 7/21/42 | 3,220 | 2,282 | ||
Goldman Sachs Group Inc. | 3.436% | 2/24/43 | 6,267 | 4,769 | ||
1 | Goldman Sachs Group Inc. | 4.800% | 7/8/44 | 7,948 | 7,238 | |
Goldman Sachs Group Inc. | 5.150% | 5/22/45 | 3,543 | 3,386 | ||
Goldman Sachs Group Inc. | 4.750% | 10/21/45 | 6,028 | 5,501 | ||
Hartford Financial Services Group Inc. | 5.950% | 10/15/36 | 1,105 | 1,143 | ||
Hartford Financial Services Group Inc. | 6.100% | 10/1/41 | 1,414 | 1,473 | ||
Hartford Financial Services Group Inc. | 4.300% | 4/15/43 | 542 | 463 | ||
Hartford Financial Services Group Inc. | 4.400% | 3/15/48 | 1,757 | 1,517 | ||
Hartford Financial Services Group Inc. | 3.600% | 8/19/49 | 2,410 | 1,814 | ||
Hartford Financial Services Group Inc. | 2.900% | 9/15/51 | 2,280 | 1,461 | ||
1 | HSBC Bank USA NA | 5.875% | 11/1/34 | 235 | 243 | |
1 | HSBC Bank USA NA | 5.625% | 8/15/35 | 1,030 | 1,009 | |
1 | HSBC Bank USA NA | 7.000% | 1/15/39 | 2,236 | 2,547 | |
3 | HSBC Holdings plc | 5.719% | 3/4/35 | 4,300 | 4,285 | |
HSBC Holdings plc | 6.500% | 5/2/36 | 3,624 | 3,808 | ||
1 | HSBC Holdings plc | 6.500% | 5/2/36 | 2,269 | 2,320 | |
HSBC Holdings plc | 6.500% | 9/15/37 | 6,315 | 6,648 | ||
1 | HSBC Holdings plc | 6.500% | 9/15/37 | 6,855 | 7,033 | |
HSBC Holdings plc | 6.800% | 6/1/38 | 1,500 | 1,625 | ||
1 | HSBC Holdings plc | 6.800% | 6/1/38 | 1,047 | 1,099 | |
HSBC Holdings plc | 6.100% | 1/14/42 | 3,141 | 3,432 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
HSBC Holdings plc | 6.332% | 3/9/44 | 9,561 | 10,044 | ||
HSBC Holdings plc | 5.250% | 3/14/44 | 3,681 | 3,502 | ||
Intercontinental Exchange Inc. | 2.650% | 9/15/40 | 4,303 | 3,048 | ||
Intercontinental Exchange Inc. | 4.250% | 9/21/48 | 3,655 | 3,093 | ||
Intercontinental Exchange Inc. | 3.000% | 6/15/50 | 4,417 | 2,962 | ||
Intercontinental Exchange Inc. | 4.950% | 6/15/52 | 5,503 | 5,136 | ||
Intercontinental Exchange Inc. | 3.000% | 9/15/60 | 5,253 | 3,254 | ||
Intercontinental Exchange Inc. | 5.200% | 6/15/62 | 3,415 | 3,282 | ||
Invesco Finance plc | 5.375% | 11/30/43 | 1,728 | 1,668 | ||
Jackson Financial Inc. | 4.000% | 11/23/51 | 1,830 | 1,307 | ||
Jefferies Financial Group Inc. | 6.250% | 1/15/36 | 3,830 | 3,935 | ||
Jefferies Financial Group Inc. | 6.500% | 1/20/43 | 1,015 | 1,057 | ||
JPMorgan Chase & Co. | 6.400% | 5/15/38 | 10,201 | 11,386 | ||
1 | JPMorgan Chase & Co. | 3.882% | 7/24/38 | 6,355 | 5,430 | |
JPMorgan Chase & Co. | 5.500% | 10/15/40 | 3,781 | 3,865 | ||
1 | JPMorgan Chase & Co. | 3.109% | 4/22/41 | 3,595 | 2,704 | |
JPMorgan Chase & Co. | 5.600% | 7/15/41 | 11,047 | 11,388 | ||
JPMorgan Chase & Co. | 2.525% | 11/19/41 | 3,669 | 2,524 | ||
JPMorgan Chase & Co. | 5.400% | 1/6/42 | 8,759 | 8,865 | ||
JPMorgan Chase & Co. | 3.157% | 4/22/42 | 3,832 | 2,869 | ||
JPMorgan Chase & Co. | 5.625% | 8/16/43 | 2,365 | 2,426 | ||
JPMorgan Chase & Co. | 4.850% | 2/1/44 | 5,757 | 5,402 | ||
JPMorgan Chase & Co. | 4.950% | 6/1/45 | 7,019 | 6,546 | ||
1 | JPMorgan Chase & Co. | 4.260% | 2/22/48 | 7,552 | 6,368 | |
1 | JPMorgan Chase & Co. | 4.032% | 7/24/48 | 3,166 | 2,568 | |
1 | JPMorgan Chase & Co. | 3.964% | 11/15/48 | 9,301 | 7,471 | |
1 | JPMorgan Chase & Co. | 3.897% | 1/23/49 | 5,613 | 4,489 | |
1 | JPMorgan Chase & Co. | 3.109% | 4/22/51 | 7,465 | 5,119 | |
JPMorgan Chase & Co. | 3.328% | 4/22/52 | 13,424 | 9,519 | ||
Legg Mason Inc. | 5.625% | 1/15/44 | 1,928 | 1,932 | ||
Lincoln National Corp. | 6.300% | 10/9/37 | 989 | 1,015 | ||
Lincoln National Corp. | 7.000% | 6/15/40 | 1,343 | 1,464 | ||
Lincoln National Corp. | 4.350% | 3/1/48 | 811 | 628 | ||
Lloyds Banking Group plc | 5.300% | 12/1/45 | 2,781 | 2,592 | ||
Lloyds Banking Group plc | 3.369% | 12/14/46 | 4,362 | 2,964 | ||
Lloyds Banking Group plc | 4.344% | 1/9/48 | 4,709 | 3,699 | ||
Loews Corp. | 4.125% | 5/15/43 | 1,906 | 1,614 | ||
Manulife Financial Corp. | 5.375% | 3/4/46 | 3,125 | 3,059 | ||
Markel Group Inc. | 5.000% | 4/5/46 | 901 | 803 | ||
Markel Group Inc. | 4.300% | 11/1/47 | 968 | 770 | ||
Markel Group Inc. | 5.000% | 5/20/49 | 1,783 | 1,616 | ||
Markel Group Inc. | 4.150% | 9/17/50 | 1,379 | 1,089 | ||
Markel Group Inc. | 3.450% | 5/7/52 | 2,130 | 1,462 | ||
Marsh & McLennan Cos. Inc. | 5.150% | 3/15/34 | 434 | 432 | ||
Marsh & McLennan Cos. Inc. | 4.750% | 3/15/39 | 1,738 | 1,636 | ||
Marsh & McLennan Cos. Inc. | 4.350% | 1/30/47 | 2,283 | 1,937 | ||
Marsh & McLennan Cos. Inc. | 4.200% | 3/1/48 | 1,773 | 1,476 | ||
Marsh & McLennan Cos. Inc. | 4.900% | 3/15/49 | 6,326 | 5,850 | ||
Marsh & McLennan Cos. Inc. | 2.900% | 12/15/51 | 995 | 638 | ||
Marsh & McLennan Cos. Inc. | 6.250% | 11/1/52 | 605 | 669 | ||
Marsh & McLennan Cos. Inc. | 5.450% | 3/15/53 | 1,532 | 1,527 | ||
Marsh & McLennan Cos. Inc. | 5.700% | 9/15/53 | 3,580 | 3,708 | ||
Marsh & McLennan Cos. Inc. | 5.450% | 3/15/54 | 1,455 | 1,446 | ||
Mastercard Inc. | 3.950% | 2/26/48 | 1,879 | 1,588 | ||
Mastercard Inc. | 3.650% | 6/1/49 | 5,493 | 4,367 | ||
Mastercard Inc. | 3.850% | 3/26/50 | 5,527 | 4,563 | ||
Mastercard Inc. | 2.950% | 3/15/51 | 3,069 | 2,126 | ||
MetLife Inc. | 6.375% | 6/15/34 | 2,620 | 2,822 | ||
MetLife Inc. | 5.700% | 6/15/35 | 3,441 | 3,562 | ||
1 | MetLife Inc. | 6.400% | 12/15/36 | 3,416 | 3,472 | |
1 | MetLife Inc. | 10.750% | 8/1/39 | 1,571 | 2,138 | |
MetLife Inc. | 5.875% | 2/6/41 | 1,557 | 1,625 | ||
MetLife Inc. | 4.125% | 8/13/42 | 1,685 | 1,425 | ||
MetLife Inc. | 4.875% | 11/13/43 | 3,508 | 3,223 | ||
MetLife Inc. | 4.721% | 12/15/44 | 1,672 | 1,488 | ||
MetLife Inc. | 4.050% | 3/1/45 | 3,809 | 3,145 | ||
MetLife Inc. | 4.600% | 5/13/46 | 2,312 | 2,066 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
MetLife Inc. | 5.000% | 7/15/52 | 4,261 | 3,975 | ||
MetLife Inc. | 5.250% | 1/15/54 | 3,166 | 3,061 | ||
Mitsubishi UFJ Financial Group Inc. | 4.153% | 3/7/39 | 1,581 | 1,424 | ||
Mitsubishi UFJ Financial Group Inc. | 3.751% | 7/18/39 | 6,621 | 5,646 | ||
Mizuho Financial Group Inc. | 5.579% | 5/26/35 | 2,573 | 2,579 | ||
1 | Morgan Stanley | 3.971% | 7/22/38 | 6,089 | 5,191 | |
1 | Morgan Stanley | 4.457% | 4/22/39 | 3,819 | 3,448 | |
Morgan Stanley | 3.217% | 4/22/42 | 6,617 | 4,972 | ||
Morgan Stanley | 6.375% | 7/24/42 | 10,192 | 11,322 | ||
Morgan Stanley | 4.300% | 1/27/45 | 8,774 | 7,605 | ||
Morgan Stanley | 4.375% | 1/22/47 | 7,344 | 6,333 | ||
1 | Morgan Stanley | 5.597% | 3/24/51 | 5,686 | 5,883 | |
1 | Morgan Stanley | 2.802% | 1/25/52 | 5,461 | 3,511 | |
Nasdaq Inc. | 5.550% | 2/15/34 | 2,887 | 2,906 | ||
Nasdaq Inc. | 2.500% | 12/21/40 | 2,256 | 1,493 | ||
Nasdaq Inc. | 3.250% | 4/28/50 | 1,374 | 934 | ||
Nasdaq Inc. | 3.950% | 3/7/52 | 2,055 | 1,561 | ||
Nasdaq Inc. | 5.950% | 8/15/53 | 2,975 | 3,059 | ||
Nasdaq Inc. | 6.100% | 6/28/63 | 2,647 | 2,747 | ||
1 | Nationwide Financial Services Inc. | 6.750% | 5/15/37 | 1,040 | 1,034 | |
NatWest Group plc | 5.778% | 3/1/35 | 5,000 | 4,995 | ||
Old Republic International Corp. | 3.850% | 6/11/51 | 2,094 | 1,516 | ||
PayPal Holdings Inc. | 3.250% | 6/1/50 | 3,408 | 2,371 | ||
PayPal Holdings Inc. | 5.050% | 6/1/52 | 4,047 | 3,797 | ||
PayPal Holdings Inc. | 5.250% | 6/1/62 | 1,735 | 1,615 | ||
Principal Financial Group Inc. | 6.050% | 10/15/36 | 1,384 | 1,456 | ||
Principal Financial Group Inc. | 4.625% | 9/15/42 | 680 | 609 | ||
Principal Financial Group Inc. | 4.350% | 5/15/43 | 898 | 780 | ||
Principal Financial Group Inc. | 4.300% | 11/15/46 | 2,333 | 1,932 | ||
Principal Financial Group Inc. | 5.500% | 3/15/53 | 1,260 | 1,232 | ||
Progressive Corp. | 6.625% | 3/1/29 | 1 | 1 | ||
Progressive Corp. | 4.350% | 4/25/44 | 800 | 708 | ||
Progressive Corp. | 3.700% | 1/26/45 | 915 | 740 | ||
Progressive Corp. | 4.125% | 4/15/47 | 4,738 | 3,979 | ||
Progressive Corp. | 4.200% | 3/15/48 | 1,903 | 1,636 | ||
Progressive Corp. | 3.950% | 3/26/50 | 1,722 | 1,402 | ||
Progressive Corp. | 3.700% | 3/15/52 | 714 | 555 | ||
1 | Prudential Financial Inc. | 5.700% | 12/14/36 | 3,508 | 3,620 | |
1 | Prudential Financial Inc. | 6.625% | 12/1/37 | 1,114 | 1,239 | |
1 | Prudential Financial Inc. | 3.000% | 3/10/40 | 2,485 | 1,852 | |
1 | Prudential Financial Inc. | 6.625% | 6/21/40 | 926 | 1,022 | |
1 | Prudential Financial Inc. | 5.100% | 8/15/43 | 516 | 464 | |
1 | Prudential Financial Inc. | 4.600% | 5/15/44 | 2,899 | 2,581 | |
Prudential Financial Inc. | 3.905% | 12/7/47 | 3,085 | 2,435 | ||
1 | Prudential Financial Inc. | 4.418% | 3/27/48 | 1,811 | 1,546 | |
Prudential Financial Inc. | 3.935% | 12/7/49 | 5,979 | 4,686 | ||
1 | Prudential Financial Inc. | 4.350% | 2/25/50 | 1,913 | 1,618 | |
1 | Prudential Financial Inc. | 3.700% | 3/13/51 | 5,589 | 4,243 | |
Raymond James Financial Inc. | 4.950% | 7/15/46 | 2,432 | 2,234 | ||
Raymond James Financial Inc. | 3.750% | 4/1/51 | 2,572 | 1,905 | ||
1 | Regions Bank | 6.450% | 6/26/37 | 1,590 | 1,616 | |
Regions Financial Corp. | 7.375% | 12/10/37 | 990 | 1,113 | ||
Selective Insurance Group Inc. | 5.375% | 3/1/49 | 1,023 | 968 | ||
Sumitomo Mitsui Financial Group Inc. | 2.296% | 1/12/41 | 809 | 545 | ||
Sumitomo Mitsui Financial Group Inc. | 2.930% | 9/17/41 | 703 | 523 | ||
Sumitomo Mitsui Financial Group Inc. | 3.050% | 1/14/42 | 1,075 | 810 | ||
Sumitomo Mitsui Financial Group Inc. | 6.184% | 7/13/43 | 5,964 | 6,532 | ||
Transatlantic Holdings Inc. | 8.000% | 11/30/39 | 978 | 1,250 | ||
Travelers Cos. Inc. | 6.750% | 6/20/36 | 1,266 | 1,443 | ||
1 | Travelers Cos. Inc. | 6.250% | 6/15/37 | 4,872 | 5,354 | |
Travelers Cos. Inc. | 5.350% | 11/1/40 | 2,715 | 2,745 | ||
Travelers Cos. Inc. | 4.300% | 8/25/45 | 1,250 | 1,089 | ||
Travelers Cos. Inc. | 3.750% | 5/15/46 | 1,287 | 1,020 | ||
Travelers Cos. Inc. | 4.000% | 5/30/47 | 4,216 | 3,477 | ||
Travelers Cos. Inc. | 4.050% | 3/7/48 | 1,816 | 1,522 | ||
Travelers Cos. Inc. | 4.100% | 3/4/49 | 1,469 | 1,235 | ||
Travelers Cos. Inc. | 2.550% | 4/27/50 | 2,064 | 1,285 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Travelers Cos. Inc. | 3.050% | 6/8/51 | 3,857 | 2,637 | ||
Travelers Cos. Inc. | 5.450% | 5/25/53 | 2,449 | 2,498 | ||
UBS AG | 4.500% | 6/26/48 | 3,370 | 3,085 | ||
UBS Group AG | 4.875% | 5/15/45 | 7,185 | 6,625 | ||
Unum Group | 5.750% | 8/15/42 | 1,180 | 1,146 | ||
Unum Group | 4.500% | 12/15/49 | 930 | 737 | ||
Unum Group | 4.125% | 6/15/51 | 2,144 | 1,573 | ||
Visa Inc. | 4.150% | 12/14/35 | 5,226 | 4,899 | ||
Visa Inc. | 2.700% | 4/15/40 | 4,112 | 3,043 | ||
Visa Inc. | 4.300% | 12/14/45 | 12,172 | 10,849 | ||
Visa Inc. | 3.650% | 9/15/47 | 2,538 | 2,020 | ||
Visa Inc. | 2.000% | 8/15/50 | 4,953 | 2,879 | ||
Voya Financial Inc. | 5.700% | 7/15/43 | 1,864 | 1,806 | ||
Voya Financial Inc. | 4.800% | 6/15/46 | 1,070 | 909 | ||
W R Berkley Corp. | 4.750% | 8/1/44 | 1,100 | 954 | ||
W R Berkley Corp. | 4.000% | 5/12/50 | 1,705 | 1,313 | ||
W R Berkley Corp. | 3.150% | 9/30/61 | 939 | 563 | ||
Wachovia Corp. | 5.500% | 8/1/35 | 2,595 | 2,552 | ||
Wells Fargo & Co. | 5.375% | 2/7/35 | 480 | 484 | ||
1 | Wells Fargo & Co. | 5.950% | 12/15/36 | 1,599 | 1,629 | |
1 | Wells Fargo & Co. | 3.068% | 4/30/41 | 9,169 | 6,777 | |
Wells Fargo & Co. | 5.375% | 11/2/43 | 8,369 | 7,986 | ||
Wells Fargo & Co. | 5.606% | 1/15/44 | 11,887 | 11,558 | ||
1 | Wells Fargo & Co. | 4.650% | 11/4/44 | 6,972 | 6,001 | |
Wells Fargo & Co. | 3.900% | 5/1/45 | 8,442 | 6,759 | ||
1 | Wells Fargo & Co. | 4.900% | 11/17/45 | 9,216 | 8,178 | |
1 | Wells Fargo & Co. | 4.400% | 6/14/46 | 3,274 | 2,686 | |
1 | Wells Fargo & Co. | 4.750% | 12/7/46 | 3,105 | 2,684 | |
1 | Wells Fargo & Co. | 5.013% | 4/4/51 | 21,023 | 19,446 | |
1 | Wells Fargo & Co. | 4.611% | 4/25/53 | 13,420 | 11,709 | |
Wells Fargo Bank NA | 5.950% | 8/26/36 | 1,111 | 1,135 | ||
1 | Wells Fargo Bank NA | 5.850% | 2/1/37 | 341 | 349 | |
1 | Wells Fargo Bank NA | 6.600% | 1/15/38 | 4,821 | 5,196 | |
Western Union Co. | 6.200% | 11/17/36 | 2,042 | 2,057 | ||
Westpac Banking Corp. | 4.421% | 7/24/39 | 3,291 | 2,849 | ||
Westpac Banking Corp. | 2.963% | 11/16/40 | 3,263 | 2,228 | ||
Westpac Banking Corp. | 3.133% | 11/18/41 | 3,472 | 2,400 | ||
Willis North America Inc. | 5.050% | 9/15/48 | 1,565 | 1,401 | ||
Willis North America Inc. | 3.875% | 9/15/49 | 2,664 | 1,975 | ||
3 | Willis North America Inc. | 5.900% | 3/5/54 | 2,000 | 1,997 | |
XL Group Ltd. | 5.250% | 12/15/43 | 1,452 | 1,356 | ||
1,031,340 | ||||||
Health Care (15.8%) | ||||||
4 | Abbott Laboratories | 4.750% | 11/30/36 | 5,646 | 5,528 | |
Abbott Laboratories | 6.150% | 11/30/37 | 1,718 | 1,904 | ||
Abbott Laboratories | 6.000% | 4/1/39 | 750 | 832 | ||
Abbott Laboratories | 5.300% | 5/27/40 | 2,476 | 2,527 | ||
Abbott Laboratories | 4.750% | 4/15/43 | 2,559 | 2,450 | ||
Abbott Laboratories | 4.900% | 11/30/46 | 10,131 | 9,766 | ||
AbbVie Inc. | 5.050% | 3/15/34 | 8,036 | 8,074 | ||
AbbVie Inc. | 4.550% | 3/15/35 | 5,939 | 5,694 | ||
AbbVie Inc. | 4.500% | 5/14/35 | 10,906 | 10,410 | ||
AbbVie Inc. | 4.300% | 5/14/36 | 4,299 | 4,002 | ||
AbbVie Inc. | 4.050% | 11/21/39 | 11,290 | 9,909 | ||
AbbVie Inc. | 4.625% | 10/1/42 | 932 | 853 | ||
AbbVie Inc. | 4.400% | 11/6/42 | 8,976 | 8,029 | ||
AbbVie Inc. | 4.850% | 6/15/44 | 4,046 | 3,822 | ||
AbbVie Inc. | 4.750% | 3/15/45 | 3,790 | 3,511 | ||
AbbVie Inc. | 4.700% | 5/14/45 | 8,176 | 7,539 | ||
AbbVie Inc. | 4.450% | 5/14/46 | 7,334 | 6,482 | ||
AbbVie Inc. | 4.875% | 11/14/48 | 5,811 | 5,490 | ||
AbbVie Inc. | 4.250% | 11/21/49 | 21,342 | 18,374 | ||
AbbVie Inc. | 5.400% | 3/15/54 | 10,500 | 10,661 | ||
AbbVie Inc. | 5.500% | 3/15/64 | 4,404 | 4,452 | ||
1 | AdventHealth Obligated Group | 2.795% | 11/15/51 | 802 | 526 | |
Adventist Health System | 3.630% | 3/1/49 | 1,065 | 784 | ||
Advocate Health & Hospitals Corp. | 4.272% | 8/15/48 | 1,236 | 1,071 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Advocate Health & Hospitals Corp. | 3.387% | 10/15/49 | 1,658 | 1,240 | ||
1 | Advocate Health & Hospitals Corp. | 3.008% | 6/15/50 | 1,183 | 819 | |
Aetna Inc. | 6.625% | 6/15/36 | 3,324 | 3,619 | ||
Aetna Inc. | 6.750% | 12/15/37 | 1,894 | 2,069 | ||
Aetna Inc. | 4.500% | 5/15/42 | 1,893 | 1,608 | ||
Aetna Inc. | 4.125% | 11/15/42 | 2,543 | 2,032 | ||
Aetna Inc. | 4.750% | 3/15/44 | 1,630 | 1,407 | ||
Aetna Inc. | 3.875% | 8/15/47 | 4,811 | 3,576 | ||
AHS Hospital Corp. | 5.024% | 7/1/45 | 1,378 | 1,314 | ||
1 | AHS Hospital Corp. | 2.780% | 7/1/51 | 1,355 | 888 | |
1 | Allina Health System | 3.887% | 4/15/49 | 1,132 | 915 | |
1 | Allina Health System | 2.902% | 11/15/51 | 1,015 | 666 | |
Amgen Inc. | 6.375% | 6/1/37 | 1,305 | 1,401 | ||
Amgen Inc. | 6.400% | 2/1/39 | 2,130 | 2,304 | ||
Amgen Inc. | 3.150% | 2/21/40 | 6,104 | 4,579 | ||
Amgen Inc. | 5.750% | 3/15/40 | 1,123 | 1,141 | ||
Amgen Inc. | 2.800% | 8/15/41 | 5,150 | 3,667 | ||
Amgen Inc. | 4.950% | 10/1/41 | 1,049 | 977 | ||
Amgen Inc. | 5.150% | 11/15/41 | 3,870 | 3,684 | ||
Amgen Inc. | 5.650% | 6/15/42 | 1,207 | 1,216 | ||
Amgen Inc. | 5.600% | 3/2/43 | 12,308 | 12,348 | ||
Amgen Inc. | 4.400% | 5/1/45 | 8,290 | 7,076 | ||
Amgen Inc. | 4.563% | 6/15/48 | 4,100 | 3,550 | ||
Amgen Inc. | 3.375% | 2/21/50 | 7,103 | 5,067 | ||
Amgen Inc. | 4.663% | 6/15/51 | 12,234 | 10,611 | ||
Amgen Inc. | 3.000% | 1/15/52 | 2,389 | 1,597 | ||
Amgen Inc. | 4.200% | 2/22/52 | 3,150 | 2,551 | ||
Amgen Inc. | 4.875% | 3/1/53 | 4,339 | 3,893 | ||
Amgen Inc. | 5.650% | 3/2/53 | 14,029 | 14,036 | ||
Amgen Inc. | 2.770% | 9/1/53 | 3,119 | 1,900 | ||
Amgen Inc. | 4.400% | 2/22/62 | 3,558 | 2,859 | ||
Amgen Inc. | 5.750% | 3/2/63 | 9,720 | 9,724 | ||
1 | Ascension Health | 3.106% | 11/15/39 | 1,681 | 1,310 | |
Ascension Health | 3.945% | 11/15/46 | 4,007 | 3,358 | ||
1 | Ascension Health | 4.847% | 11/15/53 | 1,545 | 1,475 | |
AstraZeneca plc | 6.450% | 9/15/37 | 10,238 | 11,529 | ||
AstraZeneca plc | 4.000% | 9/18/42 | 3,702 | 3,164 | ||
AstraZeneca plc | 4.375% | 11/16/45 | 4,542 | 4,015 | ||
AstraZeneca plc | 4.375% | 8/17/48 | 1,241 | 1,102 | ||
AstraZeneca plc | 2.125% | 8/6/50 | 2,045 | 1,206 | ||
AstraZeneca plc | 3.000% | 5/28/51 | 3,342 | 2,311 | ||
Banner Health | 2.907% | 1/1/42 | 911 | 664 | ||
1 | Banner Health | 3.181% | 1/1/50 | 1,460 | 1,042 | |
Banner Health | 2.913% | 1/1/51 | 868 | 575 | ||
1 | Baptist Health South Florida Obligated Group | 3.115% | 11/15/71 | 1,115 | 659 | |
1 | Baptist Healthcare System Obligated Group | 3.540% | 8/15/50 | 1,795 | 1,331 | |
Baxalta Inc. | 5.250% | 6/23/45 | 1,618 | 1,558 | ||
Baxter International Inc. | 3.500% | 8/15/46 | 1,555 | 1,100 | ||
Baxter International Inc. | 3.132% | 12/1/51 | 3,077 | 2,001 | ||
1 | BayCare Health System Inc. | 3.831% | 11/15/50 | 1,749 | 1,424 | |
Baylor Scott & White Holdings | 4.185% | 11/15/45 | 886 | 776 | ||
Baylor Scott & White Holdings | 3.967% | 11/15/46 | 1,278 | 1,030 | ||
1 | Baylor Scott & White Holdings | 2.839% | 11/15/50 | 2,782 | 1,844 | |
Becton Dickinson & Co. | 4.685% | 12/15/44 | 3,337 | 2,994 | ||
Becton Dickinson & Co. | 4.669% | 6/6/47 | 8,081 | 7,157 | ||
Becton Dickinson & Co. | 3.794% | 5/20/50 | 670 | 518 | ||
1 | Beth Israel Lahey Health Inc. | 3.080% | 7/1/51 | 1,495 | 949 | |
Biogen Inc. | 5.200% | 9/15/45 | 2,670 | 2,513 | ||
Biogen Inc. | 3.150% | 5/1/50 | 5,769 | 3,809 | ||
Biogen Inc. | 3.250% | 2/15/51 | 1,207 | 823 | ||
1 | Bon Secours Mercy Health Inc. | 3.205% | 6/1/50 | 1,135 | 803 | |
Boston Scientific Corp. | 6.500% | 11/15/35 | 884 | 976 | ||
Boston Scientific Corp. | 4.550% | 3/1/39 | 1,539 | 1,429 | ||
Boston Scientific Corp. | 7.375% | 1/15/40 | 981 | 1,152 | ||
Boston Scientific Corp. | 4.700% | 3/1/49 | 2,772 | 2,538 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Bristol-Myers Squibb Co. | 4.125% | 6/15/39 | 7,521 | 6,554 | ||
Bristol-Myers Squibb Co. | 2.350% | 11/13/40 | 2,786 | 1,869 | ||
Bristol-Myers Squibb Co. | 3.550% | 3/15/42 | 5,266 | 4,152 | ||
Bristol-Myers Squibb Co. | 3.250% | 8/1/42 | 1,021 | 771 | ||
Bristol-Myers Squibb Co. | 4.500% | 3/1/44 | 690 | 617 | ||
Bristol-Myers Squibb Co. | 4.625% | 5/15/44 | 2,820 | 2,553 | ||
Bristol-Myers Squibb Co. | 4.350% | 11/15/47 | 3,099 | 2,632 | ||
Bristol-Myers Squibb Co. | 4.550% | 2/20/48 | 4,783 | 4,207 | ||
Bristol-Myers Squibb Co. | 4.250% | 10/26/49 | 11,378 | 9,524 | ||
Bristol-Myers Squibb Co. | 2.550% | 11/13/50 | 5,271 | 3,195 | ||
Bristol-Myers Squibb Co. | 3.700% | 3/15/52 | 6,552 | 4,953 | ||
Bristol-Myers Squibb Co. | 6.250% | 11/15/53 | 5,295 | 5,875 | ||
Bristol-Myers Squibb Co. | 5.550% | 2/22/54 | 7,211 | 7,298 | ||
Bristol-Myers Squibb Co. | 3.900% | 3/15/62 | 5,706 | 4,255 | ||
Bristol-Myers Squibb Co. | 6.400% | 11/15/63 | 5,522 | 6,159 | ||
Cardinal Health Inc. | 4.600% | 3/15/43 | 869 | 747 | ||
Cardinal Health Inc. | 4.500% | 11/15/44 | 976 | 823 | ||
Cardinal Health Inc. | 4.900% | 9/15/45 | 1,199 | 1,060 | ||
Cardinal Health Inc. | 4.368% | 6/15/47 | 2,976 | 2,442 | ||
1 | Catholic Health Services of Long Island Obligated Group | 3.368% | 7/1/50 | 1,415 | 983 | |
Cencora Inc. | 4.250% | 3/1/45 | 1,178 | 1,024 | ||
Cencora Inc. | 4.300% | 12/15/47 | 2,394 | 2,035 | ||
Children's Health System of Texas | 2.511% | 8/15/50 | 1,703 | 1,053 | ||
1 | Children's Hospital | 2.928% | 7/15/50 | 1,140 | 741 | |
1 | Children's Hospital Corp. | 4.115% | 1/1/47 | 1,684 | 1,433 | |
1 | Children's Hospital Corp. | 2.585% | 2/1/50 | 912 | 574 | |
Children's Hospital Medical Center | 4.268% | 5/15/44 | 925 | 817 | ||
1 | Children's Hospital of Philadelphia | 2.704% | 7/1/50 | 827 | 542 | |
Cigna Group | 4.800% | 8/15/38 | 8,025 | 7,443 | ||
Cigna Group | 3.200% | 3/15/40 | 2,700 | 2,016 | ||
1 | Cigna Group | 6.125% | 11/15/41 | 1,168 | 1,235 | |
1 | Cigna Group | 4.800% | 7/15/46 | 3,538 | 3,162 | |
1 | Cigna Group | 3.875% | 10/15/47 | 3,001 | 2,306 | |
Cigna Group | 4.900% | 12/15/48 | 10,697 | 9,610 | ||
Cigna Group | 3.400% | 3/15/50 | 6,684 | 4,651 | ||
Cigna Group | 3.400% | 3/15/51 | 5,263 | 3,660 | ||
Cigna Group | 5.600% | 2/15/54 | 3,000 | 2,954 | ||
1 | City of Hope | 5.623% | 11/15/43 | 1,286 | 1,263 | |
1 | City of Hope | 4.378% | 8/15/48 | 985 | 811 | |
1 | CommonSpirit Health | 4.350% | 11/1/42 | 2,313 | 1,973 | |
CommonSpirit Health | 3.817% | 10/1/49 | 2,014 | 1,549 | ||
CommonSpirit Health | 4.187% | 10/1/49 | 3,239 | 2,624 | ||
CommonSpirit Health | 3.910% | 10/1/50 | 1,003 | 774 | ||
CommonSpirit Health | 6.461% | 11/1/52 | 1,000 | 1,119 | ||
1 | Community Health Network Inc. | 3.099% | 5/1/50 | 1,491 | 1,005 | |
1 | Corewell Health Obligated Group | 3.487% | 7/15/49 | 1,520 | 1,145 | |
1 | Cottage Health Obligated Group | 3.304% | 11/1/49 | 1,985 | 1,431 | |
CVS Health Corp. | 4.875% | 7/20/35 | 1,138 | 1,085 | ||
CVS Health Corp. | 4.780% | 3/25/38 | 17,389 | 15,820 | ||
CVS Health Corp. | 6.125% | 9/15/39 | 2,236 | 2,297 | ||
CVS Health Corp. | 4.125% | 4/1/40 | 4,154 | 3,410 | ||
CVS Health Corp. | 2.700% | 8/21/40 | 5,813 | 3,957 | ||
CVS Health Corp. | 5.300% | 12/5/43 | 2,602 | 2,418 | ||
CVS Health Corp. | 5.125% | 7/20/45 | 11,730 | 10,679 | ||
CVS Health Corp. | 5.050% | 3/25/48 | 29,230 | 26,116 | ||
CVS Health Corp. | 4.250% | 4/1/50 | 1,375 | 1,098 | ||
CVS Health Corp. | 5.625% | 2/21/53 | 4,705 | 4,517 | ||
CVS Health Corp. | 5.875% | 6/1/53 | 3,879 | 3,865 | ||
CVS Health Corp. | 6.000% | 6/1/63 | 2,472 | 2,476 | ||
Danaher Corp. | 4.375% | 9/15/45 | 1,995 | 1,768 | ||
Danaher Corp. | 2.600% | 10/1/50 | 3,585 | 2,257 | ||
Danaher Corp. | 2.800% | 12/10/51 | 3,603 | 2,335 | ||
1 | Dartmouth-Hitchcock Health | 4.178% | 8/1/48 | 799 | 606 | |
DH Europe Finance II Sarl | 3.250% | 11/15/39 | 2,218 | 1,762 | ||
DH Europe Finance II Sarl | 3.400% | 11/15/49 | 2,678 | 1,995 | ||
Dignity Health | 4.500% | 11/1/42 | 867 | 743 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Dignity Health | 5.267% | 11/1/64 | 1,248 | 1,160 | ||
1 | Duke University Health System Inc. | 3.920% | 6/1/47 | 1,756 | 1,451 | |
Elevance Health Inc. | 5.950% | 12/15/34 | 734 | 771 | ||
Elevance Health Inc. | 5.850% | 1/15/36 | 283 | 295 | ||
Elevance Health Inc. | 4.625% | 5/15/42 | 3,179 | 2,860 | ||
Elevance Health Inc. | 4.650% | 1/15/43 | 3,044 | 2,747 | ||
Elevance Health Inc. | 5.100% | 1/15/44 | 2,488 | 2,339 | ||
Elevance Health Inc. | 4.650% | 8/15/44 | 2,826 | 2,512 | ||
Elevance Health Inc. | 4.375% | 12/1/47 | 6,361 | 5,402 | ||
Elevance Health Inc. | 4.550% | 3/1/48 | 4,692 | 4,086 | ||
Elevance Health Inc. | 3.700% | 9/15/49 | 1,415 | 1,072 | ||
Elevance Health Inc. | 3.125% | 5/15/50 | 3,324 | 2,269 | ||
Elevance Health Inc. | 3.600% | 3/15/51 | 3,844 | 2,862 | ||
Elevance Health Inc. | 4.550% | 5/15/52 | 1,078 | 935 | ||
Elevance Health Inc. | 6.100% | 10/15/52 | 4,322 | 4,636 | ||
Elevance Health Inc. | 5.125% | 2/15/53 | 5,253 | 4,972 | ||
Eli Lilly & Co. | 5.550% | 3/15/37 | 950 | 1,002 | ||
Eli Lilly & Co. | 3.700% | 3/1/45 | 530 | 438 | ||
Eli Lilly & Co. | 3.950% | 5/15/47 | 900 | 774 | ||
Eli Lilly & Co. | 3.950% | 3/15/49 | 3,687 | 3,092 | ||
Eli Lilly & Co. | 2.250% | 5/15/50 | 4,495 | 2,724 | ||
Eli Lilly & Co. | 4.875% | 2/27/53 | 4,408 | 4,273 | ||
Eli Lilly & Co. | 4.150% | 3/15/59 | 1,234 | 1,038 | ||
Eli Lilly & Co. | 2.500% | 9/15/60 | 2,790 | 1,623 | ||
Eli Lilly & Co. | 4.950% | 2/27/63 | 3,480 | 3,349 | ||
1 | Franciscan Missionaries of Our Lady Health System Inc. | 3.914% | 7/1/49 | 845 | 659 | |
1 | Fred Hutchinson Cancer Center | 4.966% | 1/1/52 | 1,010 | 951 | |
GE HealthCare Technologies Inc. | 6.377% | 11/22/52 | 3,415 | 3,785 | ||
Gilead Sciences Inc. | 4.600% | 9/1/35 | 4,036 | 3,821 | ||
Gilead Sciences Inc. | 4.000% | 9/1/36 | 2,055 | 1,818 | ||
Gilead Sciences Inc. | 2.600% | 10/1/40 | 3,270 | 2,279 | ||
Gilead Sciences Inc. | 5.650% | 12/1/41 | 2,472 | 2,516 | ||
Gilead Sciences Inc. | 4.800% | 4/1/44 | 5,858 | 5,379 | ||
Gilead Sciences Inc. | 4.500% | 2/1/45 | 4,852 | 4,266 | ||
Gilead Sciences Inc. | 4.750% | 3/1/46 | 8,915 | 8,085 | ||
Gilead Sciences Inc. | 4.150% | 3/1/47 | 6,698 | 5,527 | ||
Gilead Sciences Inc. | 2.800% | 10/1/50 | 5,172 | 3,329 | ||
Gilead Sciences Inc. | 5.550% | 10/15/53 | 4,715 | 4,809 | ||
GlaxoSmithKline Capital Inc. | 6.375% | 5/15/38 | 9,955 | 11,162 | ||
GlaxoSmithKline Capital Inc. | 4.200% | 3/18/43 | 1,764 | 1,550 | ||
1 | Hackensack Meridian Health Inc. | 2.675% | 9/1/41 | 912 | 644 | |
Hackensack Meridian Health Inc. | 4.211% | 7/1/48 | 745 | 646 | ||
1 | Hackensack Meridian Health Inc. | 2.875% | 9/1/50 | 1,455 | 966 | |
Hackensack Meridian Health Inc. | 4.500% | 7/1/57 | 927 | 794 | ||
1 | Hartford HealthCare Corp. | 3.447% | 7/1/54 | 1,318 | 921 | |
HCA Inc. | 5.600% | 4/1/34 | 4,500 | 4,479 | ||
HCA Inc. | 5.125% | 6/15/39 | 3,655 | 3,398 | ||
HCA Inc. | 4.375% | 3/15/42 | 1,254 | 1,039 | ||
HCA Inc. | 5.500% | 6/15/47 | 4,336 | 4,041 | ||
HCA Inc. | 5.250% | 6/15/49 | 6,014 | 5,387 | ||
HCA Inc. | 3.500% | 7/15/51 | 4,699 | 3,172 | ||
HCA Inc. | 4.625% | 3/15/52 | 6,592 | 5,395 | ||
HCA Inc. | 5.900% | 6/1/53 | 3,460 | 3,399 | ||
HCA Inc. | 6.000% | 4/1/54 | 2,750 | 2,729 | ||
HCA Inc. | 6.100% | 4/1/64 | 2,375 | 2,347 | ||
Hoag Memorial Hospital Presbyterian | 3.803% | 7/15/52 | 2,055 | 1,677 | ||
Humana Inc. | 5.950% | 3/15/34 | 1,510 | 1,559 | ||
Humana Inc. | 4.625% | 12/1/42 | 2,778 | 2,411 | ||
Humana Inc. | 4.950% | 10/1/44 | 4,390 | 3,958 | ||
Humana Inc. | 4.800% | 3/15/47 | 1,632 | 1,422 | ||
Humana Inc. | 3.950% | 8/15/49 | 1,466 | 1,146 | ||
Humana Inc. | 5.500% | 3/15/53 | 2,943 | 2,851 | ||
IHC Health Services Inc. | 4.131% | 5/15/48 | 1,271 | 1,083 | ||
Indiana University Health Inc. Obligated Group | 3.970% | 11/1/48 | 1,104 | 919 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Indiana University Health Inc. Obligated Group | 2.852% | 11/1/51 | 949 | 626 | |
Inova Health System Foundation | 4.068% | 5/15/52 | 1,459 | 1,242 | ||
1 | Integris Baptist Medical Center Inc. | 3.875% | 8/15/50 | 1,673 | 1,268 | |
1 | Iowa Health System | 3.665% | 2/15/50 | 898 | 698 | |
Johns Hopkins Health System Corp. | 3.837% | 5/15/46 | 2,060 | 1,692 | ||
Johnson & Johnson | 3.550% | 3/1/36 | 3,974 | 3,513 | ||
Johnson & Johnson | 3.625% | 3/3/37 | 5,039 | 4,453 | ||
Johnson & Johnson | 5.950% | 8/15/37 | 4,333 | 4,777 | ||
Johnson & Johnson | 3.400% | 1/15/38 | 3,473 | 2,946 | ||
Johnson & Johnson | 5.850% | 7/15/38 | 1,521 | 1,671 | ||
Johnson & Johnson | 2.100% | 9/1/40 | 3,340 | 2,269 | ||
Johnson & Johnson | 4.500% | 9/1/40 | 1,749 | 1,662 | ||
Johnson & Johnson | 4.850% | 5/15/41 | 987 | 977 | ||
Johnson & Johnson | 4.500% | 12/5/43 | 1,987 | 1,870 | ||
Johnson & Johnson | 3.700% | 3/1/46 | 9,438 | 7,733 | ||
Johnson & Johnson | 3.750% | 3/3/47 | 4,143 | 3,406 | ||
Johnson & Johnson | 3.500% | 1/15/48 | 3,245 | 2,554 | ||
Johnson & Johnson | 2.250% | 9/1/50 | 1,197 | 740 | ||
Johnson & Johnson | 2.450% | 9/1/60 | 3,758 | 2,213 | ||
1 | Kaiser Foundation Hospitals | 2.810% | 6/1/41 | 5,505 | 4,028 | |
Kaiser Foundation Hospitals | 4.875% | 4/1/42 | 1,420 | 1,348 | ||
Kaiser Foundation Hospitals | 4.150% | 5/1/47 | 5,640 | 4,855 | ||
1 | Kaiser Foundation Hospitals | 3.266% | 11/1/49 | 4,535 | 3,325 | |
1 | Kaiser Foundation Hospitals | 3.002% | 6/1/51 | 4,183 | 2,867 | |
Koninklijke Philips NV | 6.875% | 3/11/38 | 2,085 | 2,240 | ||
Koninklijke Philips NV | 5.000% | 3/15/42 | 1,271 | 1,148 | ||
Laboratory Corp. of America Holdings | 4.700% | 2/1/45 | 3,971 | 3,544 | ||
1 | Mass General Brigham Inc. | 3.765% | 7/1/48 | 1,008 | 801 | |
1 | Mass General Brigham Inc. | 3.192% | 7/1/49 | 1,424 | 1,027 | |
1 | Mass General Brigham Inc. | 4.117% | 7/1/55 | 923 | 759 | |
1 | Mass General Brigham Inc. | 3.342% | 7/1/60 | 1,911 | 1,314 | |
1 | Mayo Clinic | 4.000% | 11/15/47 | 948 | 800 | |
1 | Mayo Clinic | 4.128% | 11/15/52 | 1,058 | 915 | |
1 | Mayo Clinic | 3.196% | 11/15/61 | 1,630 | 1,116 | |
1 | McLaren Health Care Corp. | 4.386% | 5/15/48 | 1,442 | 1,247 | |
1 | MedStar Health Inc. | 3.626% | 8/15/49 | 1,220 | 924 | |
Medtronic Inc. | 4.375% | 3/15/35 | 6,351 | 5,988 | ||
Medtronic Inc. | 4.625% | 3/15/45 | 8,849 | 8,193 | ||
Memorial Health Services | 3.447% | 11/1/49 | 1,493 | 1,111 | ||
Memorial Sloan-Kettering Cancer Center | 5.000% | 7/1/42 | 1,405 | 1,364 | ||
1 | Memorial Sloan-Kettering Cancer Center | 2.955% | 1/1/50 | 683 | 464 | |
Memorial Sloan-Kettering Cancer Center | 4.125% | 7/1/52 | 1,850 | 1,573 | ||
1 | Memorial Sloan-Kettering Cancer Center | 4.200% | 7/1/55 | 1,544 | 1,307 | |
Merck & Co. Inc. | 3.900% | 3/7/39 | 4,150 | 3,627 | ||
Merck & Co. Inc. | 2.350% | 6/24/40 | 4,424 | 3,063 | ||
Merck & Co. Inc. | 3.600% | 9/15/42 | 2,343 | 1,896 | ||
Merck & Co. Inc. | 4.150% | 5/18/43 | 2,987 | 2,607 | ||
Merck & Co. Inc. | 4.900% | 5/17/44 | 3,155 | 3,029 | ||
Merck & Co. Inc. | 3.700% | 2/10/45 | 6,356 | 5,139 | ||
Merck & Co. Inc. | 4.000% | 3/7/49 | 5,975 | 4,976 | ||
Merck & Co. Inc. | 2.450% | 6/24/50 | 3,022 | 1,855 | ||
Merck & Co. Inc. | 2.750% | 12/10/51 | 4,485 | 2,908 | ||
Merck & Co. Inc. | 5.000% | 5/17/53 | 6,970 | 6,756 | ||
Merck & Co. Inc. | 2.900% | 12/10/61 | 5,442 | 3,371 | ||
Merck & Co. Inc. | 5.150% | 5/17/63 | 4,194 | 4,100 | ||
Merck Sharp & Dohme Corp. | 5.750% | 11/15/36 | 785 | 839 | ||
1 | Methodist Hospital | 2.705% | 12/1/50 | 2,105 | 1,351 | |
1 | Montefiore Obligated Group | 5.246% | 11/1/48 | 971 | 728 | |
Montefiore Obligated Group | 4.287% | 9/1/50 | 957 | 587 | ||
1 | Mount Nittany Medical Center Obligated Group | 3.799% | 11/15/52 | 1,125 | 887 | |
1 | Mount Sinai Hospital | 3.981% | 7/1/48 | 656 | 523 | |
1 | Mount Sinai Hospital | 3.737% | 7/1/49 | 1,788 | 1,332 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Mount Sinai Hospital | 3.391% | 7/1/50 | 1,000 | 668 | |
MultiCare Health System | 2.803% | 8/15/50 | 1,145 | 671 | ||
Mylan Inc. | 5.400% | 11/29/43 | 965 | 833 | ||
Mylan Inc. | 5.200% | 4/15/48 | 1,632 | 1,336 | ||
1 | MyMichigan Health | 3.409% | 6/1/50 | 1,219 | 883 | |
New York & Presbyterian Hospital | 2.256% | 8/1/40 | 1,066 | 719 | ||
New York & Presbyterian Hospital | 4.024% | 8/1/45 | 1,457 | 1,233 | ||
New York & Presbyterian Hospital | 4.063% | 8/1/56 | 1,170 | 944 | ||
New York & Presbyterian Hospital | 2.606% | 8/1/60 | 1,193 | 678 | ||
1 | New York & Presbyterian Hospital | 3.954% | 8/1/19 | 1,024 | 743 | |
Northwell Healthcare Inc. | 3.979% | 11/1/46 | 1,402 | 1,109 | ||
Northwell Healthcare Inc. | 4.260% | 11/1/47 | 3,040 | 2,458 | ||
Northwell Healthcare Inc. | 3.809% | 11/1/49 | 1,618 | 1,199 | ||
1 | Northwestern Memorial Healthcare Obligated Group | 2.633% | 7/15/51 | 1,969 | 1,274 | |
Novant Health Inc. | 2.637% | 11/1/36 | 1,797 | 1,350 | ||
Novant Health Inc. | 3.168% | 11/1/51 | 2,643 | 1,802 | ||
Novant Health Inc. | 3.318% | 11/1/61 | 1,277 | 840 | ||
Novartis Capital Corp. | 3.700% | 9/21/42 | 1,573 | 1,304 | ||
Novartis Capital Corp. | 4.400% | 5/6/44 | 5,933 | 5,400 | ||
Novartis Capital Corp. | 4.000% | 11/20/45 | 5,135 | 4,366 | ||
Novartis Capital Corp. | 2.750% | 8/14/50 | 5,839 | 3,891 | ||
1 | NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery | 2.667% | 10/1/50 | 1,194 | 740 | |
1 | NYU Langone Hospitals | 5.750% | 7/1/43 | 1,250 | 1,309 | |
NYU Langone Hospitals | 4.784% | 7/1/44 | 1,170 | 1,097 | ||
1 | NYU Langone Hospitals | 4.368% | 7/1/47 | 1,905 | 1,685 | |
1 | NYU Langone Hospitals | 3.380% | 7/1/55 | 1,927 | 1,387 | |
OhioHealth Corp. | 2.834% | 11/15/41 | 1,351 | 987 | ||
1 | OhioHealth Corp. | 3.042% | 11/15/50 | 1,530 | 1,092 | |
Orlando Health Obligated Group | 4.089% | 10/1/48 | 1,014 | 842 | ||
Orlando Health Obligated Group | 3.327% | 10/1/50 | 1,034 | 757 | ||
1 | PeaceHealth Obligated Group | 4.787% | 11/15/48 | 1,003 | 884 | |
1 | PeaceHealth Obligated Group | 3.218% | 11/15/50 | 540 | 360 | |
Pfizer Inc. | 4.000% | 12/15/36 | 6,261 | 5,624 | ||
Pfizer Inc. | 4.100% | 9/15/38 | 2,342 | 2,081 | ||
Pfizer Inc. | 3.900% | 3/15/39 | 5,061 | 4,315 | ||
Pfizer Inc. | 7.200% | 3/15/39 | 7,901 | 9,389 | ||
Pfizer Inc. | 2.550% | 5/28/40 | 3,908 | 2,739 | ||
Pfizer Inc. | 4.300% | 6/15/43 | 3,613 | 3,161 | ||
Pfizer Inc. | 4.400% | 5/15/44 | 2,490 | 2,237 | ||
Pfizer Inc. | 4.125% | 12/15/46 | 3,032 | 2,543 | ||
Pfizer Inc. | 4.200% | 9/15/48 | 7,262 | 6,172 | ||
Pfizer Inc. | 4.000% | 3/15/49 | 8,173 | 6,749 | ||
Pfizer Inc. | 2.700% | 5/28/50 | 1,278 | 841 | ||
Pfizer Investment Enterprises Pte. Ltd. | 5.110% | 5/19/43 | 13,882 | 13,351 | ||
Pfizer Investment Enterprises Pte. Ltd. | 5.300% | 5/19/53 | 21,336 | 20,897 | ||
Pfizer Investment Enterprises Pte. Ltd. | 5.340% | 5/19/63 | 10,934 | 10,534 | ||
1 | Piedmont Healthcare Inc. | 2.719% | 1/1/42 | 1,050 | 739 | |
Piedmont Healthcare Inc. | 2.864% | 1/1/52 | 915 | 598 | ||
Presbyterian Healthcare Services | 4.875% | 8/1/52 | 1,015 | 966 | ||
1 | Providence St. Joseph Health Obligated Group | 3.744% | 10/1/47 | 1,263 | 965 | |
1 | Providence St. Joseph Health Obligated Group | 3.930% | 10/1/48 | 1,073 | 829 | |
1 | Providence St. Joseph Health Obligated Group | 2.700% | 10/1/51 | 2,456 | 1,471 | |
Queen's Health Systems | 4.810% | 7/1/52 | 1,150 | 1,073 | ||
Quest Diagnostics Inc. | 4.700% | 3/30/45 | 1,048 | 926 | ||
1 | Rady Children's Hospital-San Diego | 3.154% | 8/15/51 | 1,016 | 708 | |
Regeneron Pharmaceuticals Inc. | 2.800% | 9/15/50 | 2,723 | 1,697 | ||
Revvity Inc. | 3.625% | 3/15/51 | 684 | 476 | ||
Royalty Pharma plc | 3.300% | 9/2/40 | 3,289 | 2,409 | ||
Royalty Pharma plc | 3.550% | 9/2/50 | 4,601 | 3,132 | ||
Royalty Pharma plc | 3.350% | 9/2/51 | 2,441 | 1,585 | ||
RWJ Barnabas Health Inc. | 3.949% | 7/1/46 | 1,292 | 1,048 | ||
RWJ Barnabas Health Inc. | 3.477% | 7/1/49 | 975 | 726 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Seattle Children's Hospital | 2.719% | 10/1/50 | 1,260 | 812 | |
1 | Sentara Healthcare | 2.927% | 11/1/51 | 974 | 658 | |
1 | Sharp HealthCare | 2.680% | 8/1/50 | 959 | 605 | |
2 | Solventum Corp. | 5.900% | 4/30/54 | 2,500 | 2,448 | |
2 | Solventum Corp. | 6.000% | 5/15/64 | 900 | 874 | |
1 | Stanford Health Care | 3.795% | 11/15/48 | 1,767 | 1,432 | |
Stanford Health Care | 3.027% | 8/15/51 | 1,241 | 858 | ||
STERIS Irish FinCo Unltd. Co. | 3.750% | 3/15/51 | 2,403 | 1,775 | ||
Stryker Corp. | 4.100% | 4/1/43 | 900 | 761 | ||
Stryker Corp. | 4.375% | 5/15/44 | 967 | 851 | ||
Stryker Corp. | 4.625% | 3/15/46 | 6,733 | 6,100 | ||
Stryker Corp. | 2.900% | 6/15/50 | 989 | 672 | ||
Summa Health | 3.511% | 11/15/51 | 1,040 | 774 | ||
1 | Sutter Health | 3.161% | 8/15/40 | 1,028 | 787 | |
1 | Sutter Health | 4.091% | 8/15/48 | 1,340 | 1,121 | |
1 | Sutter Health | 3.361% | 8/15/50 | 2,104 | 1,538 | |
Sutter Health | 5.547% | 8/15/53 | 1,160 | 1,209 | ||
Takeda Pharmaceutical Co. Ltd. | 3.025% | 7/9/40 | 5,796 | 4,315 | ||
Takeda Pharmaceutical Co. Ltd. | 3.175% | 7/9/50 | 7,613 | 5,217 | ||
Takeda Pharmaceutical Co. Ltd. | 3.375% | 7/9/60 | 1,890 | 1,262 | ||
Texas Health Resources | 2.328% | 11/15/50 | 905 | 539 | ||
1 | Texas Health Resources | 4.330% | 11/15/55 | 1,066 | 937 | |
Thermo Fisher Scientific Inc. | 2.800% | 10/15/41 | 6,768 | 4,863 | ||
Thermo Fisher Scientific Inc. | 5.404% | 8/10/43 | 3,024 | 3,053 | ||
Thermo Fisher Scientific Inc. | 5.300% | 2/1/44 | 1,698 | 1,698 | ||
Thermo Fisher Scientific Inc. | 4.100% | 8/15/47 | 2,315 | 1,938 | ||
Toledo Hospital | 5.750% | 11/15/38 | 1,460 | 1,463 | ||
1 | Trinity Health Corp. | 2.632% | 12/1/40 | 1,205 | 847 | |
Trinity Health Corp. | 4.125% | 12/1/45 | 1,345 | 1,147 | ||
1 | Trinity Health Corp. | 3.434% | 12/1/48 | 1,000 | 760 | |
UMass Memorial Health Care Obligated Group | 5.363% | 7/1/52 | 905 | 859 | ||
UnitedHealth Group Inc. | 4.625% | 7/15/35 | 1,531 | 1,477 | ||
UnitedHealth Group Inc. | 5.800% | 3/15/36 | 2,566 | 2,713 | ||
UnitedHealth Group Inc. | 6.500% | 6/15/37 | 4,602 | 5,124 | ||
UnitedHealth Group Inc. | 6.625% | 11/15/37 | 2,411 | 2,716 | ||
UnitedHealth Group Inc. | 6.875% | 2/15/38 | 4,617 | 5,362 | ||
UnitedHealth Group Inc. | 3.500% | 8/15/39 | 4,230 | 3,419 | ||
UnitedHealth Group Inc. | 2.750% | 5/15/40 | 1,865 | 1,343 | ||
UnitedHealth Group Inc. | 5.700% | 10/15/40 | 1,626 | 1,688 | ||
UnitedHealth Group Inc. | 5.950% | 2/15/41 | 1,382 | 1,457 | ||
UnitedHealth Group Inc. | 3.050% | 5/15/41 | 2,974 | 2,210 | ||
UnitedHealth Group Inc. | 4.625% | 11/15/41 | 1,812 | 1,654 | ||
UnitedHealth Group Inc. | 4.375% | 3/15/42 | 1,589 | 1,416 | ||
UnitedHealth Group Inc. | 3.950% | 10/15/42 | 1,450 | 1,219 | ||
UnitedHealth Group Inc. | 4.250% | 3/15/43 | 3,112 | 2,713 | ||
UnitedHealth Group Inc. | 4.750% | 7/15/45 | 7,061 | 6,528 | ||
UnitedHealth Group Inc. | 4.200% | 1/15/47 | 2,660 | 2,249 | ||
UnitedHealth Group Inc. | 4.250% | 4/15/47 | 797 | 679 | ||
UnitedHealth Group Inc. | 3.750% | 10/15/47 | 4,362 | 3,382 | ||
UnitedHealth Group Inc. | 4.250% | 6/15/48 | 4,237 | 3,566 | ||
UnitedHealth Group Inc. | 4.450% | 12/15/48 | 5,750 | 5,029 | ||
UnitedHealth Group Inc. | 3.700% | 8/15/49 | 4,198 | 3,231 | ||
UnitedHealth Group Inc. | 2.900% | 5/15/50 | 2,261 | 1,501 | ||
UnitedHealth Group Inc. | 3.250% | 5/15/51 | 5,708 | 4,019 | ||
UnitedHealth Group Inc. | 4.750% | 5/15/52 | 5,770 | 5,258 | ||
UnitedHealth Group Inc. | 5.875% | 2/15/53 | 6,890 | 7,363 | ||
UnitedHealth Group Inc. | 5.050% | 4/15/53 | 7,208 | 6,858 | ||
UnitedHealth Group Inc. | 3.875% | 8/15/59 | 4,237 | 3,225 | ||
UnitedHealth Group Inc. | 3.125% | 5/15/60 | 1,675 | 1,096 | ||
UnitedHealth Group Inc. | 4.950% | 5/15/62 | 5,839 | 5,367 | ||
UnitedHealth Group Inc. | 6.050% | 2/15/63 | 6,439 | 6,988 | ||
UnitedHealth Group Inc. | 5.200% | 4/15/63 | 6,178 | 5,889 | ||
UPMC | 5.377% | 5/15/43 | 1,100 | 1,108 | ||
Utah Acquisition Sub Inc. | 5.250% | 6/15/46 | 2,978 | 2,446 | ||
Viatris Inc. | 3.850% | 6/22/40 | 5,350 | 3,927 | ||
Viatris Inc. | 4.000% | 6/22/50 | 6,205 | 4,228 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | WakeMed | 3.286% | 10/1/52 | 607 | 429 | |
1 | West Virginia United Health System Obligated Group | 3.129% | 6/1/50 | 1,040 | 658 | |
1 | Willis-Knighton Medical Center | 4.813% | 9/1/48 | 985 | 866 | |
1 | Willis-Knighton Medical Center | 3.065% | 3/1/51 | 1,298 | 847 | |
Wyeth LLC | 6.500% | 2/1/34 | 1,277 | 1,406 | ||
Wyeth LLC | 6.000% | 2/15/36 | 1,365 | 1,460 | ||
Wyeth LLC | 5.950% | 4/1/37 | 4,102 | 4,377 | ||
1 | Yale-New Haven Health Services Corp. | 2.496% | 7/1/50 | 1,596 | 952 | |
Zimmer Biomet Holdings Inc. | 5.750% | 11/30/39 | 1,509 | 1,500 | ||
Zoetis Inc. | 4.700% | 2/1/43 | 6,147 | 5,615 | ||
Zoetis Inc. | 3.950% | 9/12/47 | 1,954 | 1,574 | ||
Zoetis Inc. | 4.450% | 8/20/48 | 651 | 569 | ||
Zoetis Inc. | 3.000% | 5/15/50 | 1,755 | 1,201 | ||
1,205,022 | ||||||
Industrials (8.5%) | ||||||
1 | 3M Co. | 5.700% | 3/15/37 | 1,853 | 1,933 | |
1 | 3M Co. | 3.875% | 6/15/44 | 565 | 443 | |
1 | 3M Co. | 3.125% | 9/19/46 | 779 | 538 | |
1 | 3M Co. | 3.625% | 10/15/47 | 1,949 | 1,411 | |
1 | 3M Co. | 4.000% | 9/14/48 | 4,013 | 3,236 | |
3M Co. | 3.250% | 8/26/49 | 2,108 | 1,452 | ||
3M Co. | 3.700% | 4/15/50 | 2,296 | 1,697 | ||
ABB Finance USA Inc. | 4.375% | 5/8/42 | 1,489 | 1,337 | ||
1 | American Airlines Pass-Through Trust Class A Series 2021-1 | 2.875% | 7/11/34 | 1,609 | 1,355 | |
Boeing Co. | 3.600% | 5/1/34 | 3,556 | 2,998 | ||
Boeing Co. | 3.250% | 2/1/35 | 1,260 | 1,012 | ||
Boeing Co. | 6.625% | 2/15/38 | 990 | 1,045 | ||
Boeing Co. | 3.550% | 3/1/38 | 1,701 | 1,315 | ||
Boeing Co. | 3.500% | 3/1/39 | 726 | 550 | ||
Boeing Co. | 6.875% | 3/15/39 | 1,657 | 1,801 | ||
Boeing Co. | 5.875% | 2/15/40 | 817 | 805 | ||
Boeing Co. | 5.705% | 5/1/40 | 9,776 | 9,518 | ||
Boeing Co. | 3.650% | 3/1/47 | 636 | 448 | ||
Boeing Co. | 3.625% | 3/1/48 | 1,259 | 875 | ||
Boeing Co. | 3.850% | 11/1/48 | 1,662 | 1,187 | ||
Boeing Co. | 3.900% | 5/1/49 | 3,404 | 2,496 | ||
Boeing Co. | 3.750% | 2/1/50 | 5,401 | 3,826 | ||
Boeing Co. | 5.805% | 5/1/50 | 21,502 | 20,665 | ||
Boeing Co. | 3.825% | 3/1/59 | 1,120 | 775 | ||
Boeing Co. | 3.950% | 8/1/59 | 2,883 | 2,037 | ||
Boeing Co. | 5.930% | 5/1/60 | 12,123 | 11,585 | ||
Burlington Northern Santa Fe LLC | 6.200% | 8/15/36 | 741 | 810 | ||
Burlington Northern Santa Fe LLC | 6.150% | 5/1/37 | 2,196 | 2,396 | ||
Burlington Northern Santa Fe LLC | 5.750% | 5/1/40 | 4,552 | 4,758 | ||
Burlington Northern Santa Fe LLC | 5.050% | 3/1/41 | 1,314 | 1,274 | ||
Burlington Northern Santa Fe LLC | 5.400% | 6/1/41 | 1,811 | 1,823 | ||
Burlington Northern Santa Fe LLC | 4.950% | 9/15/41 | 1,544 | 1,471 | ||
Burlington Northern Santa Fe LLC | 4.400% | 3/15/42 | 1,809 | 1,608 | ||
Burlington Northern Santa Fe LLC | 4.450% | 3/15/43 | 1,365 | 1,212 | ||
Burlington Northern Santa Fe LLC | 5.150% | 9/1/43 | 2,257 | 2,198 | ||
Burlington Northern Santa Fe LLC | 4.900% | 4/1/44 | 6,555 | 6,185 | ||
Burlington Northern Santa Fe LLC | 4.550% | 9/1/44 | 3,488 | 3,117 | ||
Burlington Northern Santa Fe LLC | 4.150% | 4/1/45 | 3,621 | 3,048 | ||
Burlington Northern Santa Fe LLC | 4.700% | 9/1/45 | 745 | 681 | ||
Burlington Northern Santa Fe LLC | 3.900% | 8/1/46 | 2,337 | 1,881 | ||
Burlington Northern Santa Fe LLC | 4.125% | 6/15/47 | 2,965 | 2,480 | ||
Burlington Northern Santa Fe LLC | 4.050% | 6/15/48 | 2,021 | 1,667 | ||
Burlington Northern Santa Fe LLC | 4.150% | 12/15/48 | 2,867 | 2,388 | ||
Burlington Northern Santa Fe LLC | 3.550% | 2/15/50 | 3,487 | 2,626 | ||
Burlington Northern Santa Fe LLC | 3.050% | 2/15/51 | 2,571 | 1,742 | ||
Burlington Northern Santa Fe LLC | 3.300% | 9/15/51 | 2,250 | 1,604 | ||
Burlington Northern Santa Fe LLC | 2.875% | 6/15/52 | 1,385 | 900 | ||
Burlington Northern Santa Fe LLC | 4.450% | 1/15/53 | 4,671 | 4,094 | ||
Burlington Northern Santa Fe LLC | 5.200% | 4/15/54 | 4,926 | 4,814 | ||
Canadian National Railway Co. | 6.250% | 8/1/34 | 393 | 429 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Canadian National Railway Co. | 6.200% | 6/1/36 | 2,750 | 2,997 | ||
Canadian National Railway Co. | 6.375% | 11/15/37 | 1,330 | 1,456 | ||
Canadian National Railway Co. | 3.200% | 8/2/46 | 1,856 | 1,376 | ||
Canadian National Railway Co. | 3.650% | 2/3/48 | 2,113 | 1,674 | ||
Canadian National Railway Co. | 4.450% | 1/20/49 | 1,370 | 1,224 | ||
Canadian National Railway Co. | 2.450% | 5/1/50 | 1,830 | 1,141 | ||
Canadian National Railway Co. | 4.400% | 8/5/52 | 2,193 | 1,931 | ||
Canadian Pacific Railway Co. | 4.800% | 9/15/35 | 1,081 | 1,034 | ||
Canadian Pacific Railway Co. | 5.950% | 5/15/37 | 1,784 | 1,844 | ||
Canadian Pacific Railway Co. | 3.000% | 12/2/41 | 3,362 | 2,833 | ||
Canadian Pacific Railway Co. | 4.300% | 5/15/43 | 1,941 | 1,660 | ||
Canadian Pacific Railway Co. | 4.800% | 8/1/45 | 1,815 | 1,642 | ||
Canadian Pacific Railway Co. | 4.950% | 8/15/45 | 1,578 | 1,446 | ||
Canadian Pacific Railway Co. | 4.700% | 5/1/48 | 722 | 635 | ||
Canadian Pacific Railway Co. | 3.500% | 5/1/50 | 1,915 | 1,398 | ||
Canadian Pacific Railway Co. | 3.100% | 12/2/51 | 6,253 | 4,253 | ||
Canadian Pacific Railway Co. | 4.200% | 11/15/69 | 1,557 | 1,218 | ||
Canadian Pacific Railway Co. | 6.125% | 9/15/15 | 3,142 | 3,302 | ||
Carrier Global Corp. | 5.900% | 3/15/34 | 3,350 | 3,497 | ||
Carrier Global Corp. | 3.377% | 4/5/40 | 5,357 | 4,133 | ||
Carrier Global Corp. | 3.577% | 4/5/50 | 9,043 | 6,664 | ||
Carrier Global Corp. | 6.200% | 3/15/54 | 3,980 | 4,339 | ||
Caterpillar Inc. | 6.050% | 8/15/36 | 595 | 652 | ||
Caterpillar Inc. | 5.200% | 5/27/41 | 2,396 | 2,421 | ||
Caterpillar Inc. | 3.803% | 8/15/42 | 5,743 | 4,792 | ||
Caterpillar Inc. | 4.300% | 5/15/44 | 880 | 795 | ||
Caterpillar Inc. | 3.250% | 9/19/49 | 4,812 | 3,542 | ||
Caterpillar Inc. | 3.250% | 4/9/50 | 3,198 | 2,364 | ||
Caterpillar Inc. | 4.750% | 5/15/64 | 1,764 | 1,595 | ||
CSX Corp. | 6.000% | 10/1/36 | 959 | 1,020 | ||
CSX Corp. | 6.150% | 5/1/37 | 3,691 | 3,999 | ||
CSX Corp. | 6.220% | 4/30/40 | 1,458 | 1,580 | ||
CSX Corp. | 5.500% | 4/15/41 | 2,056 | 2,075 | ||
CSX Corp. | 4.750% | 5/30/42 | 1,451 | 1,336 | ||
CSX Corp. | 4.400% | 3/1/43 | 892 | 791 | ||
CSX Corp. | 4.100% | 3/15/44 | 5,867 | 4,933 | ||
CSX Corp. | 3.800% | 11/1/46 | 172 | 135 | ||
CSX Corp. | 4.300% | 3/1/48 | 4,750 | 4,052 | ||
CSX Corp. | 4.750% | 11/15/48 | 973 | 886 | ||
CSX Corp. | 4.500% | 3/15/49 | 991 | 865 | ||
CSX Corp. | 3.350% | 9/15/49 | 2,881 | 2,063 | ||
CSX Corp. | 3.800% | 4/15/50 | 2,205 | 1,712 | ||
CSX Corp. | 3.950% | 5/1/50 | 994 | 794 | ||
CSX Corp. | 2.500% | 5/15/51 | 1,399 | 851 | ||
CSX Corp. | 4.500% | 11/15/52 | 4,027 | 3,523 | ||
CSX Corp. | 4.500% | 8/1/54 | 1,021 | 888 | ||
CSX Corp. | 4.250% | 11/1/66 | 2,294 | 1,828 | ||
CSX Corp. | 4.650% | 3/1/68 | 1,985 | 1,706 | ||
Cummins Inc. | 4.875% | 10/1/43 | 1,765 | 1,665 | ||
Cummins Inc. | 2.600% | 9/1/50 | 2,079 | 1,304 | ||
Cummins Inc. | 5.450% | 2/20/54 | 2,250 | 2,262 | ||
Deere & Co. | 3.900% | 6/9/42 | 7,132 | 6,086 | ||
Deere & Co. | 2.875% | 9/7/49 | 1,476 | 1,027 | ||
Deere & Co. | 3.750% | 4/15/50 | 1,473 | 1,206 | ||
Dover Corp. | 5.375% | 10/15/35 | 1,470 | 1,495 | ||
Dover Corp. | 5.375% | 3/1/41 | 1,205 | 1,185 | ||
Eaton Corp. | 4.150% | 11/2/42 | 7,641 | 6,633 | ||
Eaton Corp. | 3.915% | 9/15/47 | 706 | 578 | ||
Eaton Corp. | 4.700% | 8/23/52 | 1,625 | 1,499 | ||
Emerson Electric Co. | 5.250% | 11/15/39 | 975 | 985 | ||
Emerson Electric Co. | 2.750% | 10/15/50 | 1,465 | 935 | ||
Emerson Electric Co. | 2.800% | 12/21/51 | 4,830 | 3,108 | ||
FedEx Corp. | 3.900% | 2/1/35 | 1,157 | 1,018 | ||
FedEx Corp. | 3.250% | 5/15/41 | 1,768 | 1,303 | ||
FedEx Corp. | 3.875% | 8/1/42 | 886 | 703 | ||
FedEx Corp. | 4.100% | 4/15/43 | 1,009 | 822 | ||
FedEx Corp. | 5.100% | 1/15/44 | 1,176 | 1,087 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
FedEx Corp. | 4.100% | 2/1/45 | 3,200 | 2,564 | ||
FedEx Corp. | 4.750% | 11/15/45 | 3,846 | 3,366 | ||
FedEx Corp. | 4.550% | 4/1/46 | 4,520 | 3,850 | ||
FedEx Corp. | 4.400% | 1/15/47 | 2,166 | 1,797 | ||
FedEx Corp. | 4.050% | 2/15/48 | 3,995 | 3,141 | ||
FedEx Corp. | 4.950% | 10/17/48 | 2,970 | 2,674 | ||
FedEx Corp. | 5.250% | 5/15/50 | 6,681 | 6,304 | ||
Fortive Corp. | 4.300% | 6/15/46 | 1,283 | 1,059 | ||
GE Capital International Funding Co. Unlimited Co. | 4.418% | 11/15/35 | 4,180 | 3,912 | ||
General Dynamics Corp. | 4.250% | 4/1/40 | 180 | 160 | ||
General Dynamics Corp. | 2.850% | 6/1/41 | 1,785 | 1,293 | ||
General Dynamics Corp. | 3.600% | 11/15/42 | 1,758 | 1,415 | ||
General Dynamics Corp. | 4.250% | 4/1/50 | 2,689 | 2,315 | ||
1 | General Electric Co. | 5.875% | 1/14/38 | 4,290 | 4,554 | |
1 | General Electric Co. | 6.875% | 1/10/39 | 456 | 539 | |
General Electric Co. | 4.500% | 3/11/44 | 3,066 | 2,774 | ||
General Electric Co. | 4.350% | 5/1/50 | 1,301 | 1,145 | ||
3 | Honeywell International Inc. | 5.000% | 3/1/35 | 1,000 | 998 | |
Honeywell International Inc. | 5.700% | 3/15/36 | 982 | 1,037 | ||
Honeywell International Inc. | 5.700% | 3/15/37 | 935 | 980 | ||
Honeywell International Inc. | 5.375% | 3/1/41 | 3,031 | 3,113 | ||
Honeywell International Inc. | 3.812% | 11/21/47 | 1,524 | 1,228 | ||
Honeywell International Inc. | 2.800% | 6/1/50 | 2,570 | 1,772 | ||
3 | Honeywell International Inc. | 5.250% | 3/1/54 | 7,000 | 6,979 | |
3 | Honeywell International Inc. | 5.350% | 3/1/64 | 2,225 | 2,221 | |
Howmet Aerospace Inc. | 5.950% | 2/1/37 | 2,290 | 2,338 | ||
Illinois Tool Works Inc. | 4.875% | 9/15/41 | 2,002 | 1,934 | ||
Illinois Tool Works Inc. | 3.900% | 9/1/42 | 3,901 | 3,321 | ||
Jacobs Engineering Group Inc. | 5.900% | 3/1/33 | 519 | 519 | ||
1 | Johnson Controls International plc | 6.000% | 1/15/36 | 970 | 1,019 | |
1 | Johnson Controls International plc | 4.625% | 7/2/44 | 860 | 751 | |
Johnson Controls International plc | 4.500% | 2/15/47 | 1,475 | 1,267 | ||
1 | Johnson Controls International plc | 4.950% | 7/2/64 | 1,416 | 1,258 | |
L3Harris Technologies Inc. | 4.854% | 4/27/35 | 1,265 | 1,199 | ||
L3Harris Technologies Inc. | 6.150% | 12/15/40 | 1,130 | 1,186 | ||
L3Harris Technologies Inc. | 5.600% | 7/31/53 | 2,285 | 2,297 | ||
Lockheed Martin Corp. | 3.600% | 3/1/35 | 1,162 | 1,015 | ||
Lockheed Martin Corp. | 4.500% | 5/15/36 | 1,591 | 1,505 | ||
1 | Lockheed Martin Corp. | 6.150% | 9/1/36 | 2,187 | 2,366 | |
Lockheed Martin Corp. | 5.720% | 6/1/40 | 959 | 1,007 | ||
Lockheed Martin Corp. | 4.070% | 12/15/42 | 4,929 | 4,225 | ||
Lockheed Martin Corp. | 3.800% | 3/1/45 | 5,553 | 4,498 | ||
Lockheed Martin Corp. | 4.700% | 5/15/46 | 1,159 | 1,068 | ||
Lockheed Martin Corp. | 2.800% | 6/15/50 | 3,014 | 1,990 | ||
Lockheed Martin Corp. | 4.090% | 9/15/52 | 4,727 | 3,926 | ||
Lockheed Martin Corp. | 4.150% | 6/15/53 | 2,543 | 2,107 | ||
Lockheed Martin Corp. | 5.700% | 11/15/54 | 3,963 | 4,178 | ||
Lockheed Martin Corp. | 5.200% | 2/15/55 | 2,774 | 2,727 | ||
Lockheed Martin Corp. | 4.300% | 6/15/62 | 2,940 | 2,448 | ||
Lockheed Martin Corp. | 5.900% | 11/15/63 | 3,750 | 4,067 | ||
Lockheed Martin Corp. | 5.200% | 2/15/64 | 2,340 | 2,286 | ||
1 | Nature Conservancy | 3.957% | 3/1/52 | 1,525 | 1,284 | |
Norfolk Southern Corp. | 5.550% | 3/15/34 | 1,625 | 1,667 | ||
Norfolk Southern Corp. | 4.837% | 10/1/41 | 2,025 | 1,887 | ||
Norfolk Southern Corp. | 3.950% | 10/1/42 | 3,061 | 2,510 | ||
Norfolk Southern Corp. | 4.650% | 1/15/46 | 975 | 864 | ||
Norfolk Southern Corp. | 3.942% | 11/1/47 | 2,711 | 2,141 | ||
Norfolk Southern Corp. | 4.150% | 2/28/48 | 2,950 | 2,438 | ||
Norfolk Southern Corp. | 4.100% | 5/15/49 | 1,882 | 1,528 | ||
Norfolk Southern Corp. | 3.400% | 11/1/49 | 2,006 | 1,456 | ||
Norfolk Southern Corp. | 3.050% | 5/15/50 | 6,034 | 4,036 | ||
Norfolk Southern Corp. | 4.050% | 8/15/52 | 2,467 | 1,966 | ||
Norfolk Southern Corp. | 3.700% | 3/15/53 | 784 | 583 | ||
Norfolk Southern Corp. | 4.550% | 6/1/53 | 4,472 | 3,870 | ||
Norfolk Southern Corp. | 5.350% | 8/1/54 | 4,568 | 4,482 | ||
Norfolk Southern Corp. | 3.155% | 5/15/55 | 2,758 | 1,807 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Norfolk Southern Corp. | 5.950% | 3/15/64 | 2,600 | 2,739 | ||
Norfolk Southern Corp. | 4.100% | 5/15/21 | 1,615 | 1,165 | ||
Northrop Grumman Corp. | 4.900% | 6/1/34 | 2,275 | 2,216 | ||
Northrop Grumman Corp. | 5.150% | 5/1/40 | 2,170 | 2,106 | ||
Northrop Grumman Corp. | 5.050% | 11/15/40 | 851 | 817 | ||
Northrop Grumman Corp. | 4.750% | 6/1/43 | 2,995 | 2,720 | ||
Northrop Grumman Corp. | 3.850% | 4/15/45 | 1,869 | 1,483 | ||
Northrop Grumman Corp. | 4.030% | 10/15/47 | 10,671 | 8,592 | ||
Northrop Grumman Corp. | 5.250% | 5/1/50 | 2,330 | 2,249 | ||
Northrop Grumman Corp. | 4.950% | 3/15/53 | 3,275 | 3,031 | ||
Northrop Grumman Corp. | 5.200% | 6/1/54 | 3,315 | 3,187 | ||
Otis Worldwide Corp. | 3.112% | 2/15/40 | 2,653 | 2,017 | ||
Otis Worldwide Corp. | 3.362% | 2/15/50 | 2,788 | 2,016 | ||
1 | Parker-Hannifin Corp. | 4.200% | 11/21/34 | 2,203 | 2,028 | |
1 | Parker-Hannifin Corp. | 6.250% | 5/15/38 | 841 | 904 | |
1 | Parker-Hannifin Corp. | 4.450% | 11/21/44 | 1,352 | 1,186 | |
Parker-Hannifin Corp. | 4.100% | 3/1/47 | 1,703 | 1,398 | ||
Parker-Hannifin Corp. | 4.000% | 6/14/49 | 4,306 | 3,513 | ||
Precision Castparts Corp. | 3.900% | 1/15/43 | 1,926 | 1,624 | ||
Precision Castparts Corp. | 4.375% | 6/15/45 | 1,159 | 1,017 | ||
Republic Services Inc. | 5.000% | 4/1/34 | 4,255 | 4,190 | ||
Republic Services Inc. | 6.200% | 3/1/40 | 919 | 1,001 | ||
Republic Services Inc. | 5.700% | 5/15/41 | 908 | 942 | ||
Republic Services Inc. | 3.050% | 3/1/50 | 938 | 649 | ||
Rockwell Automation Inc. | 4.200% | 3/1/49 | 1,717 | 1,463 | ||
Rockwell Automation Inc. | 2.800% | 8/15/61 | 1,483 | 886 | ||
RTX Corp. | 6.100% | 3/15/34 | 4,175 | 4,414 | ||
RTX Corp. | 5.400% | 5/1/35 | 1,414 | 1,426 | ||
RTX Corp. | 6.050% | 6/1/36 | 2,017 | 2,112 | ||
RTX Corp. | 6.125% | 7/15/38 | 2,492 | 2,632 | ||
RTX Corp. | 4.450% | 11/16/38 | 6,749 | 5,994 | ||
RTX Corp. | 4.875% | 10/15/40 | 1,054 | 975 | ||
RTX Corp. | 4.700% | 12/15/41 | 1,707 | 1,525 | ||
RTX Corp. | 4.500% | 6/1/42 | 13,180 | 11,528 | ||
RTX Corp. | 4.800% | 12/15/43 | 1,793 | 1,610 | ||
RTX Corp. | 4.150% | 5/15/45 | 2,496 | 2,039 | ||
RTX Corp. | 3.750% | 11/1/46 | 2,108 | 1,600 | ||
RTX Corp. | 4.350% | 4/15/47 | 4,075 | 3,405 | ||
RTX Corp. | 4.050% | 5/4/47 | 2,370 | 1,899 | ||
RTX Corp. | 4.625% | 11/16/48 | 4,453 | 3,867 | ||
RTX Corp. | 3.125% | 7/1/50 | 2,873 | 1,931 | ||
RTX Corp. | 2.820% | 9/1/51 | 3,473 | 2,165 | ||
RTX Corp. | 3.030% | 3/15/52 | 3,765 | 2,449 | ||
RTX Corp. | 5.375% | 2/27/53 | 4,331 | 4,180 | ||
RTX Corp. | 6.400% | 3/15/54 | 5,455 | 6,038 | ||
Trane Technologies Financing Ltd. | 4.650% | 11/1/44 | 956 | 858 | ||
Trane Technologies Financing Ltd. | 4.500% | 3/21/49 | 1,041 | 921 | ||
Trane Technologies Global Holding Co. Ltd. | 5.750% | 6/15/43 | 2,178 | 2,251 | ||
Trane Technologies Global Holding Co. Ltd. | 4.300% | 2/21/48 | 769 | 661 | ||
Tyco Electronics Group SA | 7.125% | 10/1/37 | 1,523 | 1,748 | ||
Union Pacific Corp. | 3.375% | 2/1/35 | 918 | 784 | ||
Union Pacific Corp. | 2.891% | 4/6/36 | 2,266 | 1,827 | ||
Union Pacific Corp. | 3.600% | 9/15/37 | 1,402 | 1,198 | ||
1 | Union Pacific Corp. | 3.550% | 8/15/39 | 1,070 | 878 | |
Union Pacific Corp. | 3.200% | 5/20/41 | 3,256 | 2,505 | ||
Union Pacific Corp. | 3.375% | 2/14/42 | 772 | 603 | ||
Union Pacific Corp. | 4.050% | 3/1/46 | 1,549 | 1,275 | ||
Union Pacific Corp. | 3.350% | 8/15/46 | 1,144 | 826 | ||
Union Pacific Corp. | 4.000% | 4/15/47 | 3,246 | 2,639 | ||
Union Pacific Corp. | 4.300% | 3/1/49 | 597 | 506 | ||
Union Pacific Corp. | 3.250% | 2/5/50 | 5,779 | 4,168 | ||
Union Pacific Corp. | 3.799% | 10/1/51 | 6,037 | 4,760 | ||
Union Pacific Corp. | 2.950% | 3/10/52 | 1,534 | 1,026 | ||
Union Pacific Corp. | 4.950% | 9/9/52 | 2,661 | 2,547 | ||
Union Pacific Corp. | 3.500% | 2/14/53 | 3,362 | 2,500 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Union Pacific Corp. | 4.950% | 5/15/53 | 3,660 | 3,501 | ||
Union Pacific Corp. | 3.875% | 2/1/55 | 1,411 | 1,095 | ||
Union Pacific Corp. | 3.950% | 8/15/59 | 542 | 420 | ||
Union Pacific Corp. | 3.839% | 3/20/60 | 7,681 | 5,824 | ||
Union Pacific Corp. | 3.550% | 5/20/61 | 2,687 | 1,916 | ||
Union Pacific Corp. | 2.973% | 9/16/62 | 3,656 | 2,261 | ||
Union Pacific Corp. | 5.150% | 1/20/63 | 1,979 | 1,894 | ||
Union Pacific Corp. | 4.100% | 9/15/67 | 1,540 | 1,210 | ||
Union Pacific Corp. | 3.750% | 2/5/70 | 2,327 | 1,701 | ||
Union Pacific Corp. | 3.799% | 4/6/71 | 4,647 | 3,402 | ||
Union Pacific Corp. | 3.850% | 2/14/72 | 881 | 653 | ||
1 | United Airlines Pass-Through Trust Class A Series 2023-1 | 5.800% | 1/15/36 | 4,770 | 4,822 | |
United Parcel Service Inc. | 6.200% | 1/15/38 | 5,318 | 5,816 | ||
United Parcel Service Inc. | 5.200% | 4/1/40 | 1,974 | 1,962 | ||
United Parcel Service Inc. | 4.875% | 11/15/40 | 1,420 | 1,361 | ||
United Parcel Service Inc. | 3.625% | 10/1/42 | 1,736 | 1,405 | ||
United Parcel Service Inc. | 3.400% | 11/15/46 | 710 | 542 | ||
United Parcel Service Inc. | 3.750% | 11/15/47 | 5,445 | 4,307 | ||
United Parcel Service Inc. | 4.250% | 3/15/49 | 1,839 | 1,581 | ||
United Parcel Service Inc. | 3.400% | 9/1/49 | 2,189 | 1,635 | ||
United Parcel Service Inc. | 5.300% | 4/1/50 | 3,955 | 3,966 | ||
United Parcel Service Inc. | 5.050% | 3/3/53 | 3,865 | 3,746 | ||
Valmont Industries Inc. | 5.000% | 10/1/44 | 1,286 | 1,120 | ||
Valmont Industries Inc. | 5.250% | 10/1/54 | 583 | 502 | ||
Waste Connections Inc. | 3.050% | 4/1/50 | 1,257 | 849 | ||
Waste Connections Inc. | 2.950% | 1/15/52 | 5,423 | 3,588 | ||
Waste Management Inc. | 2.950% | 6/1/41 | 1,558 | 1,151 | ||
Waste Management Inc. | 4.150% | 7/15/49 | 2,666 | 2,253 | ||
Waste Management Inc. | 2.500% | 11/15/50 | 2,968 | 1,834 | ||
3 | Westinghouse Air Brake Technologies Corp. | 5.611% | 3/11/34 | 1,000 | 1,004 | |
WW Grainger Inc. | 4.600% | 6/15/45 | 3,954 | 3,600 | ||
WW Grainger Inc. | 3.750% | 5/15/46 | 769 | 617 | ||
WW Grainger Inc. | 4.200% | 5/15/47 | 1,170 | 1,005 | ||
Xylem Inc. | 4.375% | 11/1/46 | 883 | 747 | ||
644,252 | ||||||
Materials (3.4%) | ||||||
Air Products and Chemicals Inc. | 2.700% | 5/15/40 | 2,222 | 1,600 | ||
Air Products and Chemicals Inc. | 2.800% | 5/15/50 | 3,593 | 2,387 | ||
Albemarle Corp. | 5.450% | 12/1/44 | 1,300 | 1,183 | ||
Albemarle Corp. | 5.650% | 6/1/52 | 1,360 | 1,219 | ||
ArcelorMittal SA | 7.000% | 10/15/39 | 3,672 | 3,915 | ||
ArcelorMittal SA | 6.750% | 3/1/41 | 1,730 | 1,775 | ||
Barrick Gold Corp. | 6.450% | 10/15/35 | 835 | 903 | ||
Barrick North America Finance LLC | 5.700% | 5/30/41 | 2,502 | 2,531 | ||
Barrick North America Finance LLC | 5.750% | 5/1/43 | 2,845 | 2,907 | ||
Barrick PD Australia Finance Pty Ltd. | 5.950% | 10/15/39 | 3,834 | 3,919 | ||
BHP Billiton Finance USA Ltd. | 4.125% | 2/24/42 | 2,932 | 2,525 | ||
BHP Billiton Finance USA Ltd. | 5.000% | 9/30/43 | 8,643 | 8,264 | ||
BHP Billiton Finance USA Ltd. | 5.500% | 9/8/53 | 3,158 | 3,219 | ||
Celulosa Arauco y Constitucion SA | 5.500% | 11/2/47 | 1,343 | 1,134 | ||
CF Industries Inc. | 5.150% | 3/15/34 | 2,805 | 2,718 | ||
CF Industries Inc. | 4.950% | 6/1/43 | 2,827 | 2,501 | ||
CF Industries Inc. | 5.375% | 3/15/44 | 2,896 | 2,697 | ||
Dow Chemical Co. | 4.250% | 10/1/34 | 1,239 | 1,140 | ||
Dow Chemical Co. | 9.400% | 5/15/39 | 2,036 | 2,715 | ||
Dow Chemical Co. | 5.250% | 11/15/41 | 4,096 | 3,836 | ||
Dow Chemical Co. | 4.375% | 11/15/42 | 4,471 | 3,774 | ||
Dow Chemical Co. | 4.625% | 10/1/44 | 1,590 | 1,379 | ||
Dow Chemical Co. | 5.550% | 11/30/48 | 2,482 | 2,413 | ||
Dow Chemical Co. | 4.800% | 5/15/49 | 2,191 | 1,902 | ||
Dow Chemical Co. | 3.600% | 11/15/50 | 3,507 | 2,551 | ||
Dow Chemical Co. | 6.900% | 5/15/53 | 4,864 | 5,559 | ||
DuPont de Nemours Inc. | 5.319% | 11/15/38 | 3,935 | 3,893 | ||
DuPont de Nemours Inc. | 5.419% | 11/15/48 | 7,149 | 7,018 | ||
Eastman Chemical Co. | 4.800% | 9/1/42 | 2,969 | 2,603 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Eastman Chemical Co. | 4.650% | 10/15/44 | 3,524 | 2,978 | ||
Ecolab Inc. | 2.125% | 8/15/50 | 1,061 | 613 | ||
Ecolab Inc. | 2.700% | 12/15/51 | 6,667 | 4,211 | ||
Ecolab Inc. | 2.750% | 8/18/55 | 1,563 | 971 | ||
FMC Corp. | 4.500% | 10/1/49 | 1,710 | 1,271 | ||
FMC Corp. | 6.375% | 5/18/53 | 1,397 | 1,364 | ||
Freeport-McMoRan Inc. | 5.400% | 11/14/34 | 2,476 | 2,404 | ||
Freeport-McMoRan Inc. | 5.450% | 3/15/43 | 6,035 | 5,622 | ||
International Flavors & Fragrances Inc. | 4.375% | 6/1/47 | 1,298 | 970 | ||
International Flavors & Fragrances Inc. | 5.000% | 9/26/48 | 2,876 | 2,412 | ||
International Paper Co. | 5.000% | 9/15/35 | 1,711 | 1,659 | ||
International Paper Co. | 6.000% | 11/15/41 | 3,296 | 3,395 | ||
International Paper Co. | 4.800% | 6/15/44 | 2,706 | 2,409 | ||
International Paper Co. | 4.400% | 8/15/47 | 2,266 | 1,883 | ||
International Paper Co. | 4.350% | 8/15/48 | 2,705 | 2,291 | ||
Lafarge SA | 7.125% | 7/15/36 | 1,359 | 1,506 | ||
Linde Inc. | 3.550% | 11/7/42 | 1,813 | 1,448 | ||
Linde Inc. | 2.000% | 8/10/50 | 1,246 | 699 | ||
Lubrizol Corp. | 6.500% | 10/1/34 | 1,380 | 1,559 | ||
LYB International Finance BV | 5.250% | 7/15/43 | 3,679 | 3,374 | ||
LYB International Finance BV | 4.875% | 3/15/44 | 2,166 | 1,900 | ||
LYB International Finance III LLC | 3.375% | 10/1/40 | 5,383 | 3,987 | ||
LYB International Finance III LLC | 4.200% | 10/15/49 | 2,663 | 2,055 | ||
LYB International Finance III LLC | 4.200% | 5/1/50 | 2,997 | 2,316 | ||
LYB International Finance III LLC | 3.625% | 4/1/51 | 4,366 | 3,033 | ||
LYB International Finance III LLC | 3.800% | 10/1/60 | 1,391 | 941 | ||
LyondellBasell Industries NV | 4.625% | 2/26/55 | 3,531 | 2,900 | ||
Martin Marietta Materials Inc. | 4.250% | 12/15/47 | 1,580 | 1,313 | ||
Martin Marietta Materials Inc. | 3.200% | 7/15/51 | 3,238 | 2,241 | ||
Mosaic Co. | 4.875% | 11/15/41 | 849 | 741 | ||
Mosaic Co. | 5.625% | 11/15/43 | 2,224 | 2,131 | ||
1 | Newmont Corp. | 5.875% | 4/1/35 | 1,669 | 1,717 | |
Newmont Corp. | 6.250% | 10/1/39 | 4,259 | 4,504 | ||
Newmont Corp. | 4.875% | 3/15/42 | 6,450 | 5,926 | ||
Newmont Corp. | 5.450% | 6/9/44 | 1,633 | 1,595 | ||
Nucor Corp. | 6.400% | 12/1/37 | 3,351 | 3,665 | ||
Nucor Corp. | 5.200% | 8/1/43 | 1,436 | 1,403 | ||
Nucor Corp. | 2.979% | 12/15/55 | 3,907 | 2,512 | ||
Nutrien Ltd. | 4.125% | 3/15/35 | 1,266 | 1,140 | ||
Nutrien Ltd. | 5.875% | 12/1/36 | 1,866 | 1,910 | ||
Nutrien Ltd. | 5.625% | 12/1/40 | 1,005 | 983 | ||
Nutrien Ltd. | 4.900% | 6/1/43 | 1,326 | 1,198 | ||
Nutrien Ltd. | 5.250% | 1/15/45 | 1,482 | 1,379 | ||
Nutrien Ltd. | 5.000% | 4/1/49 | 1,959 | 1,768 | ||
Nutrien Ltd. | 3.950% | 5/13/50 | 1,127 | 878 | ||
Nutrien Ltd. | 5.800% | 3/27/53 | 5,210 | 5,215 | ||
Packaging Corp. of America | 4.050% | 12/15/49 | 1,416 | 1,118 | ||
Packaging Corp. of America | 3.050% | 10/1/51 | 2,640 | 1,759 | ||
Rio Tinto Alcan Inc. | 5.750% | 6/1/35 | 602 | 623 | ||
Rio Tinto Finance USA Ltd. | 5.200% | 11/2/40 | 3,107 | 3,056 | ||
Rio Tinto Finance USA Ltd. | 2.750% | 11/2/51 | 3,690 | 2,340 | ||
Rio Tinto Finance USA plc | 4.750% | 3/22/42 | 963 | 903 | ||
Rio Tinto Finance USA plc | 4.125% | 8/21/42 | 2,117 | 1,811 | ||
Rio Tinto Finance USA plc | 5.125% | 3/9/53 | 3,199 | 3,074 | ||
RPM International Inc. | 5.250% | 6/1/45 | 992 | 910 | ||
RPM International Inc. | 4.250% | 1/15/48 | 1,035 | 832 | ||
Sherwin-Williams Co. | 4.000% | 12/15/42 | 952 | 777 | ||
Sherwin-Williams Co. | 4.550% | 8/1/45 | 936 | 806 | ||
Sherwin-Williams Co. | 4.500% | 6/1/47 | 4,012 | 3,463 | ||
Sherwin-Williams Co. | 3.800% | 8/15/49 | 997 | 769 | ||
Sherwin-Williams Co. | 3.300% | 5/15/50 | 915 | 640 | ||
Sherwin-Williams Co. | 2.900% | 3/15/52 | 906 | 584 | ||
Sonoco Products Co. | 5.750% | 11/1/40 | 1,588 | 1,597 | ||
Southern Copper Corp. | 7.500% | 7/27/35 | 2,782 | 3,201 | ||
Southern Copper Corp. | 6.750% | 4/16/40 | 4,045 | 4,460 | ||
Southern Copper Corp. | 5.250% | 11/8/42 | 3,916 | 3,683 | ||
Southern Copper Corp. | 5.875% | 4/23/45 | 5,717 | 5,687 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Steel Dynamics Inc. | 3.250% | 10/15/50 | 1,470 | 963 | ||
Teck Resources Ltd. | 6.125% | 10/1/35 | 1,120 | 1,145 | ||
Teck Resources Ltd. | 6.000% | 8/15/40 | 1,797 | 1,780 | ||
Teck Resources Ltd. | 5.200% | 3/1/42 | 1,365 | 1,231 | ||
Teck Resources Ltd. | 5.400% | 2/1/43 | 1,308 | 1,212 | ||
Vale Overseas Ltd. | 6.875% | 11/21/36 | 4,386 | 4,694 | ||
Vale Overseas Ltd. | 6.875% | 11/10/39 | 4,043 | 4,323 | ||
Vale SA | 5.625% | 9/11/42 | 1,705 | 1,667 | ||
Vulcan Materials Co. | 4.500% | 6/15/47 | 2,425 | 2,097 | ||
Vulcan Materials Co. | 4.700% | 3/1/48 | 1,820 | 1,630 | ||
Westlake Corp. | 2.875% | 8/15/41 | 1,300 | 885 | ||
Westlake Corp. | 5.000% | 8/15/46 | 3,661 | 3,257 | ||
Westlake Corp. | 4.375% | 11/15/47 | 948 | 779 | ||
Westlake Corp. | 3.125% | 8/15/51 | 3,303 | 2,080 | ||
Westlake Corp. | 3.375% | 8/15/61 | 1,580 | 978 | ||
257,384 | ||||||
Real Estate (1.4%) | ||||||
Alexandria Real Estate Equities Inc. | 2.950% | 3/15/34 | 4,965 | 4,003 | ||
Alexandria Real Estate Equities Inc. | 4.750% | 4/15/35 | 2,661 | 2,476 | ||
Alexandria Real Estate Equities Inc. | 4.850% | 4/15/49 | 1,103 | 964 | ||
Alexandria Real Estate Equities Inc. | 4.000% | 2/1/50 | 2,416 | 1,820 | ||
Alexandria Real Estate Equities Inc. | 3.000% | 5/18/51 | 2,638 | 1,655 | ||
Alexandria Real Estate Equities Inc. | 3.550% | 3/15/52 | 3,981 | 2,762 | ||
Alexandria Real Estate Equities Inc. | 5.625% | 5/15/54 | 2,000 | 1,925 | ||
American Homes 4 Rent LP | 3.375% | 7/15/51 | 1,055 | 697 | ||
American Homes 4 Rent LP | 4.300% | 4/15/52 | 1,155 | 901 | ||
American Tower Corp. | 3.700% | 10/15/49 | 2,094 | 1,529 | ||
American Tower Corp. | 3.100% | 6/15/50 | 3,472 | 2,269 | ||
American Tower Corp. | 2.950% | 1/15/51 | 3,626 | 2,297 | ||
1 | AvalonBay Communities Inc. | 3.900% | 10/15/46 | 1,050 | 820 | |
1 | AvalonBay Communities Inc. | 4.150% | 7/1/47 | 505 | 410 | |
1 | AvalonBay Communities Inc. | 4.350% | 4/15/48 | 880 | 743 | |
Camden Property Trust | 3.350% | 11/1/49 | 778 | 555 | ||
CBRE Services Inc. | 5.950% | 8/15/34 | 3,001 | 3,031 | ||
Crown Castle Inc. | 2.900% | 4/1/41 | 5,961 | 4,138 | ||
Crown Castle Inc. | 4.750% | 5/15/47 | 1,454 | 1,229 | ||
Crown Castle Inc. | 5.200% | 2/15/49 | 1,991 | 1,801 | ||
Crown Castle Inc. | 4.000% | 11/15/49 | 994 | 765 | ||
Crown Castle Inc. | 4.150% | 7/1/50 | 1,233 | 975 | ||
Crown Castle Inc. | 3.250% | 1/15/51 | 2,507 | 1,692 | ||
Equinix Inc. | 3.000% | 7/15/50 | 1,442 | 935 | ||
Equinix Inc. | 2.950% | 9/15/51 | 662 | 421 | ||
Equinix Inc. | 3.400% | 2/15/52 | 1,809 | 1,254 | ||
ERP Operating LP | 4.500% | 7/1/44 | 4,134 | 3,555 | ||
ERP Operating LP | 4.500% | 6/1/45 | 1,069 | 892 | ||
ERP Operating LP | 4.000% | 8/1/47 | 827 | 636 | ||
Essex Portfolio LP | 4.500% | 3/15/48 | 1,010 | 845 | ||
Essex Portfolio LP | 2.650% | 9/1/50 | 1,127 | 654 | ||
Federal Realty OP LP | 4.500% | 12/1/44 | 1,837 | 1,495 | ||
Healthpeak OP LLC | 6.750% | 2/1/41 | 1,146 | 1,255 | ||
Kilroy Realty LP | 2.650% | 11/15/33 | 1,496 | 1,090 | ||
Kimco Realty OP LLC | 6.400% | 3/1/34 | 1,655 | 1,742 | ||
Kimco Realty OP LLC | 4.250% | 4/1/45 | 696 | 545 | ||
Kimco Realty OP LLC | 4.125% | 12/1/46 | 993 | 756 | ||
Kimco Realty OP LLC | 4.450% | 9/1/47 | 863 | 687 | ||
Kimco Realty OP LLC | 3.700% | 10/1/49 | 937 | 674 | ||
Kite Realty Group LP | 5.500% | 3/1/34 | 1,130 | 1,104 | ||
Mid-America Apartments LP | 5.000% | 3/15/34 | 1,100 | 1,071 | ||
Mid-America Apartments LP | 2.875% | 9/15/51 | 571 | 363 | ||
NNN REIT Inc. | 4.800% | 10/15/48 | 1,176 | 1,009 | ||
NNN REIT Inc. | 3.100% | 4/15/50 | 1,002 | 649 | ||
NNN REIT Inc. | 3.000% | 4/15/52 | 2,086 | 1,329 | ||
Prologis LP | 4.375% | 9/15/48 | 515 | 438 | ||
Prologis LP | 3.050% | 3/1/50 | 1,546 | 1,049 | ||
Prologis LP | 3.000% | 4/15/50 | 2,781 | 1,881 | ||
Prologis LP | 2.125% | 10/15/50 | 3,306 | 1,805 | ||
Prologis LP | 5.250% | 6/15/53 | 3,991 | 3,867 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Prologis LP | 5.250% | 3/15/54 | 3,100 | 2,969 | ||
Public Storage Operating Co. | 5.350% | 8/1/53 | 2,120 | 2,108 | ||
Realty Income Corp. | 4.650% | 3/15/47 | 3,247 | 2,832 | ||
Regency Centers LP | 4.400% | 2/1/47 | 1,415 | 1,132 | ||
Regency Centers LP | 4.650% | 3/15/49 | 969 | 820 | ||
Simon Property Group LP | 6.250% | 1/15/34 | 1,500 | 1,579 | ||
Simon Property Group LP | 6.750% | 2/1/40 | 1,061 | 1,167 | ||
Simon Property Group LP | 4.750% | 3/15/42 | 991 | 884 | ||
Simon Property Group LP | 4.250% | 10/1/44 | 1,028 | 840 | ||
Simon Property Group LP | 4.250% | 11/30/46 | 1,000 | 811 | ||
Simon Property Group LP | 3.250% | 9/13/49 | 4,864 | 3,382 | ||
Simon Property Group LP | 3.800% | 7/15/50 | 2,885 | 2,180 | ||
Simon Property Group LP | 5.850% | 3/8/53 | 3,239 | 3,289 | ||
Simon Property Group LP | 6.650% | 1/15/54 | 1,605 | 1,805 | ||
UDR Inc. | 3.100% | 11/1/34 | 1,487 | 1,196 | ||
Ventas Realty LP | 5.700% | 9/30/43 | 2,234 | 2,110 | ||
Ventas Realty LP | 4.375% | 2/1/45 | 1,521 | 1,204 | ||
VICI Properties LP | 5.625% | 5/15/52 | 2,901 | 2,615 | ||
Welltower OP LLC | 6.500% | 3/15/41 | 1,388 | 1,500 | ||
Welltower OP LLC | 4.950% | 9/1/48 | 2,130 | 1,915 | ||
Weyerhaeuser Co. | 4.000% | 3/9/52 | 1,775 | 1,391 | ||
109,187 | ||||||
Technology (8.9%) | ||||||
Advanced Micro Devices Inc. | 4.393% | 6/1/52 | 1,660 | 1,465 | ||
Analog Devices Inc. | 2.800% | 10/1/41 | 1,701 | 1,207 | ||
Analog Devices Inc. | 5.300% | 12/15/45 | 895 | 873 | ||
Analog Devices Inc. | 2.950% | 10/1/51 | 5,442 | 3,625 | ||
Apple Inc. | 4.500% | 2/23/36 | 4,281 | 4,207 | ||
Apple Inc. | 2.375% | 2/8/41 | 4,766 | 3,352 | ||
Apple Inc. | 3.850% | 5/4/43 | 10,354 | 8,857 | ||
Apple Inc. | 4.450% | 5/6/44 | 2,479 | 2,317 | ||
Apple Inc. | 3.450% | 2/9/45 | 8,005 | 6,358 | ||
Apple Inc. | 4.375% | 5/13/45 | 6,249 | 5,702 | ||
Apple Inc. | 4.650% | 2/23/46 | 13,731 | 12,976 | ||
Apple Inc. | 3.850% | 8/4/46 | 5,365 | 4,480 | ||
Apple Inc. | 4.250% | 2/9/47 | 5,369 | 4,818 | ||
Apple Inc. | 3.750% | 9/12/47 | 4,243 | 3,446 | ||
Apple Inc. | 3.750% | 11/13/47 | 4,791 | 3,897 | ||
Apple Inc. | 2.950% | 9/11/49 | 6,475 | 4,516 | ||
Apple Inc. | 2.650% | 5/11/50 | 7,453 | 4,844 | ||
Apple Inc. | 2.400% | 8/20/50 | 5,482 | 3,412 | ||
Apple Inc. | 2.650% | 2/8/51 | 6,198 | 3,994 | ||
Apple Inc. | 2.700% | 8/5/51 | 4,719 | 3,065 | ||
Apple Inc. | 3.950% | 8/8/52 | 7,645 | 6,345 | ||
Apple Inc. | 4.850% | 5/10/53 | 3,512 | 3,431 | ||
Apple Inc. | 2.550% | 8/20/60 | 5,781 | 3,571 | ||
Apple Inc. | 2.800% | 2/8/61 | 6,628 | 4,214 | ||
Apple Inc. | 2.850% | 8/5/61 | 6,026 | 3,826 | ||
Apple Inc. | 4.100% | 8/8/62 | 4,693 | 3,931 | ||
Applied Materials Inc. | 5.100% | 10/1/35 | 1,800 | 1,822 | ||
Applied Materials Inc. | 5.850% | 6/15/41 | 1,073 | 1,154 | ||
Applied Materials Inc. | 4.350% | 4/1/47 | 3,368 | 2,986 | ||
Applied Materials Inc. | 2.750% | 6/1/50 | 2,578 | 1,734 | ||
2 | Broadcom Inc. | 3.469% | 4/15/34 | 9,525 | 8,042 | |
2 | Broadcom Inc. | 3.137% | 11/15/35 | 9,921 | 7,863 | |
2 | Broadcom Inc. | 3.187% | 11/15/36 | 8,221 | 6,425 | |
2 | Broadcom Inc. | 4.926% | 5/15/37 | 11,058 | 10,303 | |
2 | Broadcom Inc. | 3.500% | 2/15/41 | 11,657 | 8,906 | |
2 | Broadcom Inc. | 3.750% | 2/15/51 | 6,606 | 4,939 | |
Cisco Systems Inc. | 5.900% | 2/15/39 | 6,110 | 6,557 | ||
Cisco Systems Inc. | 5.500% | 1/15/40 | 5,126 | 5,292 | ||
Cisco Systems Inc. | 5.300% | 2/26/54 | 7,950 | 8,045 | ||
Cisco Systems Inc. | 5.350% | 2/26/64 | 3,450 | 3,475 | ||
Corning Inc. | 4.700% | 3/15/37 | 1,000 | 919 | ||
Corning Inc. | 5.750% | 8/15/40 | 1,671 | 1,670 | ||
Corning Inc. | 4.750% | 3/15/42 | 1,720 | 1,541 | ||
Corning Inc. | 5.350% | 11/15/48 | 1,669 | 1,603 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Corning Inc. | 3.900% | 11/15/49 | 939 | 727 | ||
Corning Inc. | 4.375% | 11/15/57 | 2,181 | 1,794 | ||
Corning Inc. | 5.850% | 11/15/68 | 1,307 | 1,286 | ||
Corning Inc. | 5.450% | 11/15/79 | 4,092 | 3,779 | ||
Dell Inc. | 6.500% | 4/15/38 | 1,057 | 1,105 | ||
Dell International LLC | 8.100% | 7/15/36 | 3,133 | 3,754 | ||
Dell International LLC | 3.375% | 12/15/41 | 3,396 | 2,474 | ||
Dell International LLC | 8.350% | 7/15/46 | 2,120 | 2,685 | ||
Dell International LLC | 3.450% | 12/15/51 | 3,625 | 2,482 | ||
Fidelity National Information Services Inc. | 3.100% | 3/1/41 | 3,608 | 2,598 | ||
Fidelity National Information Services Inc. | 4.500% | 8/15/46 | 464 | 380 | ||
Fidelity National Information Services Inc. | 5.625% | 7/15/52 | 2,718 | 2,688 | ||
Fiserv Inc. | 4.400% | 7/1/49 | 7,299 | 6,104 | ||
Hewlett Packard Enterprise Co. | 6.200% | 10/15/35 | 1,886 | 1,969 | ||
Hewlett Packard Enterprise Co. | 6.350% | 10/15/45 | 5,255 | 5,432 | ||
HP Inc. | 6.000% | 9/15/41 | 4,544 | 4,647 | ||
IBM International Capital Pte. Ltd. | 4.900% | 2/5/34 | 4,075 | 3,952 | ||
IBM International Capital Pte. Ltd. | 5.300% | 2/5/54 | 5,475 | 5,254 | ||
Intel Corp. | 4.600% | 3/25/40 | 1,594 | 1,479 | ||
Intel Corp. | 2.800% | 8/12/41 | 3,252 | 2,304 | ||
Intel Corp. | 4.800% | 10/1/41 | 2,420 | 2,259 | ||
Intel Corp. | 4.250% | 12/15/42 | 1,717 | 1,464 | ||
Intel Corp. | 5.625% | 2/10/43 | 3,415 | 3,471 | ||
Intel Corp. | 4.900% | 7/29/45 | 3,261 | 3,085 | ||
Intel Corp. | 4.100% | 5/19/46 | 3,193 | 2,637 | ||
Intel Corp. | 4.100% | 5/11/47 | 3,114 | 2,561 | ||
Intel Corp. | 3.734% | 12/8/47 | 7,714 | 5,847 | ||
Intel Corp. | 3.250% | 11/15/49 | 5,559 | 3,841 | ||
Intel Corp. | 4.750% | 3/25/50 | 8,776 | 7,794 | ||
Intel Corp. | 3.050% | 8/12/51 | 4,286 | 2,832 | ||
Intel Corp. | 4.900% | 8/5/52 | 5,200 | 4,765 | ||
Intel Corp. | 5.700% | 2/10/53 | 10,694 | 10,807 | ||
Intel Corp. | 3.100% | 2/15/60 | 3,475 | 2,196 | ||
Intel Corp. | 4.950% | 3/25/60 | 3,140 | 2,864 | ||
Intel Corp. | 3.200% | 8/12/61 | 1,578 | 1,015 | ||
Intel Corp. | 5.050% | 8/5/62 | 2,400 | 2,215 | ||
Intel Corp. | 5.900% | 2/10/63 | 5,335 | 5,558 | ||
International Business Machines Corp. | 4.150% | 5/15/39 | 8,353 | 7,282 | ||
International Business Machines Corp. | 5.600% | 11/30/39 | 1,685 | 1,732 | ||
International Business Machines Corp. | 2.850% | 5/15/40 | 966 | 702 | ||
International Business Machines Corp. | 4.000% | 6/20/42 | 4,146 | 3,447 | ||
International Business Machines Corp. | 4.700% | 2/19/46 | 2,223 | 2,013 | ||
International Business Machines Corp. | 4.250% | 5/15/49 | 10,272 | 8,604 | ||
International Business Machines Corp. | 2.950% | 5/15/50 | 2,295 | 1,512 | ||
International Business Machines Corp. | 3.430% | 2/9/52 | 1,594 | 1,135 | ||
International Business Machines Corp. | 4.900% | 7/27/52 | 2,089 | 1,931 | ||
International Business Machines Corp. | 5.100% | 2/6/53 | 2,250 | 2,145 | ||
International Business Machines Corp. | 7.125% | 12/1/96 | 870 | 1,093 | ||
Intuit Inc. | 5.500% | 9/15/53 | 4,430 | 4,568 | ||
Juniper Networks Inc. | 5.950% | 3/15/41 | 1,193 | 1,180 | ||
KLA Corp. | 5.000% | 3/15/49 | 923 | 887 | ||
KLA Corp. | 3.300% | 3/1/50 | 2,924 | 2,099 | ||
KLA Corp. | 4.950% | 7/15/52 | 5,276 | 5,001 | ||
KLA Corp. | 5.250% | 7/15/62 | 2,718 | 2,641 | ||
Kyndryl Holdings Inc. | 4.100% | 10/15/41 | 1,809 | 1,353 | ||
Lam Research Corp. | 4.875% | 3/15/49 | 3,159 | 2,972 | ||
Lam Research Corp. | 2.875% | 6/15/50 | 1,584 | 1,071 | ||
Lam Research Corp. | 3.125% | 6/15/60 | 1,800 | 1,180 | ||
Micron Technology Inc. | 3.366% | 11/1/41 | 2,080 | 1,513 | ||
Micron Technology Inc. | 3.477% | 11/1/51 | 1,528 | 1,061 | ||
Microsoft Corp. | 3.500% | 2/12/35 | 4,795 | 4,350 | ||
Microsoft Corp. | 4.200% | 11/3/35 | 2,700 | 2,609 | ||
Microsoft Corp. | 3.450% | 8/8/36 | 6,429 | 5,663 | ||
Microsoft Corp. | 4.100% | 2/6/37 | 2,962 | 2,791 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Microsoft Corp. | 5.200% | 6/1/39 | 1,599 | 1,689 | ||
Microsoft Corp. | 4.500% | 10/1/40 | 2,038 | 1,990 | ||
Microsoft Corp. | 5.300% | 2/8/41 | 2,800 | 2,995 | ||
Microsoft Corp. | 3.500% | 11/15/42 | 2,094 | 1,755 | ||
Microsoft Corp. | 3.750% | 2/12/45 | 2,399 | 2,050 | ||
Microsoft Corp. | 4.450% | 11/3/45 | 3,941 | 3,758 | ||
Microsoft Corp. | 3.700% | 8/8/46 | 5,353 | 4,453 | ||
Microsoft Corp. | 4.250% | 2/6/47 | 2,349 | 2,164 | ||
2 | Microsoft Corp. | 4.500% | 6/15/47 | 2,427 | 2,260 | |
Microsoft Corp. | 2.525% | 6/1/50 | 19,821 | 12,773 | ||
2 | Microsoft Corp. | 2.500% | 9/15/50 | 7,745 | 4,914 | |
Microsoft Corp. | 2.921% | 3/17/52 | 19,944 | 13,766 | ||
Microsoft Corp. | 4.000% | 2/12/55 | 1,903 | 1,651 | ||
Microsoft Corp. | 3.950% | 8/8/56 | 1,892 | 1,593 | ||
Microsoft Corp. | 4.500% | 2/6/57 | 1,398 | 1,320 | ||
Microsoft Corp. | 2.675% | 6/1/60 | 12,089 | 7,634 | ||
Microsoft Corp. | 3.041% | 3/17/62 | 8,074 | 5,490 | ||
Moody's Corp. | 2.750% | 8/19/41 | 2,328 | 1,635 | ||
Moody's Corp. | 5.250% | 7/15/44 | 1,715 | 1,678 | ||
Moody's Corp. | 4.875% | 12/17/48 | 866 | 799 | ||
Moody's Corp. | 3.250% | 5/20/50 | 890 | 631 | ||
Moody's Corp. | 3.750% | 2/25/52 | 1,913 | 1,480 | ||
Moody's Corp. | 3.100% | 11/29/61 | 1,714 | 1,096 | ||
Motorola Solutions Inc. | 5.500% | 9/1/44 | 1,599 | 1,520 | ||
Nokia OYJ | 6.625% | 5/15/39 | 1,748 | 1,687 | ||
NVIDIA Corp. | 3.500% | 4/1/40 | 3,730 | 3,124 | ||
NVIDIA Corp. | 3.500% | 4/1/50 | 7,650 | 5,993 | ||
NVIDIA Corp. | 3.700% | 4/1/60 | 1,119 | 880 | ||
NXP BV | 3.250% | 5/11/41 | 3,495 | 2,568 | ||
NXP BV | 3.125% | 2/15/42 | 1,800 | 1,279 | ||
NXP BV | 3.250% | 11/30/51 | 2,179 | 1,466 | ||
Oracle Corp. | 4.300% | 7/8/34 | 6,545 | 5,934 | ||
Oracle Corp. | 3.900% | 5/15/35 | 2,670 | 2,292 | ||
Oracle Corp. | 3.850% | 7/15/36 | 2,096 | 1,762 | ||
Oracle Corp. | 3.800% | 11/15/37 | 6,395 | 5,260 | ||
Oracle Corp. | 6.500% | 4/15/38 | 8,032 | 8,578 | ||
Oracle Corp. | 6.125% | 7/8/39 | 4,898 | 5,040 | ||
Oracle Corp. | 3.600% | 4/1/40 | 8,337 | 6,437 | ||
Oracle Corp. | 5.375% | 7/15/40 | 7,307 | 6,989 | ||
Oracle Corp. | 3.650% | 3/25/41 | 7,695 | 5,918 | ||
Oracle Corp. | 4.500% | 7/8/44 | 4,832 | 4,056 | ||
Oracle Corp. | 4.125% | 5/15/45 | 7,213 | 5,699 | ||
Oracle Corp. | 4.000% | 7/15/46 | 11,953 | 9,194 | ||
Oracle Corp. | 4.000% | 11/15/47 | 5,146 | 3,934 | ||
Oracle Corp. | 3.600% | 4/1/50 | 13,910 | 9,790 | ||
Oracle Corp. | 3.950% | 3/25/51 | 13,738 | 10,239 | ||
Oracle Corp. | 6.900% | 11/9/52 | 6,990 | 7,887 | ||
Oracle Corp. | 5.550% | 2/6/53 | 7,679 | 7,350 | ||
Oracle Corp. | 4.375% | 5/15/55 | 6,636 | 5,200 | ||
Oracle Corp. | 3.850% | 4/1/60 | 11,065 | 7,687 | ||
Oracle Corp. | 4.100% | 3/25/61 | 4,673 | 3,420 | ||
QUALCOMM Inc. | 4.650% | 5/20/35 | 3,853 | 3,767 | ||
QUALCOMM Inc. | 4.800% | 5/20/45 | 5,300 | 4,974 | ||
QUALCOMM Inc. | 4.300% | 5/20/47 | 5,258 | 4,557 | ||
QUALCOMM Inc. | 3.250% | 5/20/50 | 3,077 | 2,241 | ||
QUALCOMM Inc. | 4.500% | 5/20/52 | 3,203 | 2,821 | ||
QUALCOMM Inc. | 6.000% | 5/20/53 | 4,212 | 4,618 | ||
Quanta Services Inc. | 3.050% | 10/1/41 | 1,738 | 1,221 | ||
S&P Global Inc. | 3.250% | 12/1/49 | 2,116 | 1,507 | ||
S&P Global Inc. | 3.700% | 3/1/52 | 3,595 | 2,780 | ||
S&P Global Inc. | 2.300% | 8/15/60 | 2,931 | 1,584 | ||
S&P Global Inc. | 3.900% | 3/1/62 | 1,913 | 1,489 | ||
Salesforce Inc. | 2.700% | 7/15/41 | 4,525 | 3,228 | ||
Salesforce Inc. | 2.900% | 7/15/51 | 6,771 | 4,504 | ||
Salesforce Inc. | 3.050% | 7/15/61 | 4,341 | 2,792 | ||
Texas Instruments Inc. | 3.875% | 3/15/39 | 1,291 | 1,135 | ||
Texas Instruments Inc. | 4.150% | 5/15/48 | 5,739 | 4,874 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Texas Instruments Inc. | 2.700% | 9/15/51 | 1,785 | 1,146 | ||
Texas Instruments Inc. | 4.100% | 8/16/52 | 574 | 480 | ||
Texas Instruments Inc. | 5.000% | 3/14/53 | 1,515 | 1,464 | ||
Texas Instruments Inc. | 5.150% | 2/8/54 | 2,500 | 2,477 | ||
Texas Instruments Inc. | 5.050% | 5/18/63 | 5,328 | 5,096 | ||
TSMC Arizona Corp. | 3.125% | 10/25/41 | 3,582 | 2,840 | ||
TSMC Arizona Corp. | 3.250% | 10/25/51 | 3,476 | 2,635 | ||
TSMC Arizona Corp. | 4.500% | 4/22/52 | 2,783 | 2,676 | ||
Verisk Analytics Inc. | 5.500% | 6/15/45 | 1,084 | 1,034 | ||
Verisk Analytics Inc. | 3.625% | 5/15/50 | 1,713 | 1,254 | ||
Workday Inc. | 3.800% | 4/1/32 | 50 | 45 | ||
680,640 | ||||||
Utilities (12.7%) | ||||||
AEP Texas Inc. | 3.800% | 10/1/47 | 1,277 | 947 | ||
1 | AEP Texas Inc. | 4.150% | 5/1/49 | 1,336 | 1,048 | |
1 | AEP Texas Inc. | 3.450% | 1/15/50 | 1,539 | 1,073 | |
AEP Texas Inc. | 3.450% | 5/15/51 | 2,447 | 1,686 | ||
AEP Texas Inc. | 5.250% | 5/15/52 | 1,911 | 1,790 | ||
AEP Transmission Co. LLC | 4.000% | 12/1/46 | 2,408 | 1,951 | ||
AEP Transmission Co. LLC | 3.750% | 12/1/47 | 2,554 | 1,957 | ||
AEP Transmission Co. LLC | 4.250% | 9/15/48 | 1,361 | 1,122 | ||
AEP Transmission Co. LLC | 3.800% | 6/15/49 | 1,576 | 1,201 | ||
1 | AEP Transmission Co. LLC | 3.650% | 4/1/50 | 2,099 | 1,577 | |
1 | AEP Transmission Co. LLC | 2.750% | 8/15/51 | 1,437 | 893 | |
1 | AEP Transmission Co. LLC | 4.500% | 6/15/52 | 1,599 | 1,388 | |
AEP Transmission Co. LLC | 5.400% | 3/15/53 | 3,625 | 3,577 | ||
Alabama Power Co. | 6.125% | 5/15/38 | 1,225 | 1,279 | ||
Alabama Power Co. | 6.000% | 3/1/39 | 974 | 1,024 | ||
Alabama Power Co. | 3.850% | 12/1/42 | 353 | 285 | ||
Alabama Power Co. | 4.150% | 8/15/44 | 1,320 | 1,098 | ||
Alabama Power Co. | 3.750% | 3/1/45 | 2,955 | 2,312 | ||
Alabama Power Co. | 4.300% | 1/2/46 | 1,096 | 925 | ||
1 | Alabama Power Co. | 3.700% | 12/1/47 | 2,075 | 1,578 | |
1 | Alabama Power Co. | 4.300% | 7/15/48 | 4,238 | 3,539 | |
Alabama Power Co. | 3.450% | 10/1/49 | 1,335 | 973 | ||
Alabama Power Co. | 3.125% | 7/15/51 | 734 | 498 | ||
Alabama Power Co. | 3.000% | 3/15/52 | 765 | 508 | ||
Ameren Illinois Co. | 4.150% | 3/15/46 | 1,036 | 858 | ||
Ameren Illinois Co. | 3.700% | 12/1/47 | 1,419 | 1,090 | ||
Ameren Illinois Co. | 4.500% | 3/15/49 | 2,258 | 1,963 | ||
Ameren Illinois Co. | 3.250% | 3/15/50 | 2,639 | 1,850 | ||
Ameren Illinois Co. | 2.900% | 6/15/51 | 1,116 | 726 | ||
Ameren Illinois Co. | 5.900% | 12/1/52 | 1,967 | 2,085 | ||
American Electric Power Co. Inc. | 3.250% | 3/1/50 | 1,111 | 758 | ||
American Water Capital Corp. | 6.593% | 10/15/37 | 2,527 | 2,837 | ||
American Water Capital Corp. | 4.300% | 12/1/42 | 859 | 750 | ||
American Water Capital Corp. | 4.300% | 9/1/45 | 916 | 781 | ||
American Water Capital Corp. | 4.000% | 12/1/46 | 472 | 382 | ||
American Water Capital Corp. | 3.750% | 9/1/47 | 3,231 | 2,508 | ||
American Water Capital Corp. | 4.200% | 9/1/48 | 2,124 | 1,784 | ||
American Water Capital Corp. | 4.150% | 6/1/49 | 1,580 | 1,306 | ||
American Water Capital Corp. | 3.450% | 5/1/50 | 1,807 | 1,322 | ||
American Water Capital Corp. | 3.250% | 6/1/51 | 2,251 | 1,584 | ||
American Water Capital Corp. | 5.450% | 3/1/54 | 1,700 | 1,674 | ||
Appalachian Power Co. | 7.000% | 4/1/38 | 2,954 | 3,300 | ||
Appalachian Power Co. | 4.400% | 5/15/44 | 1,104 | 905 | ||
Appalachian Power Co. | 4.450% | 6/1/45 | 1,109 | 914 | ||
1 | Appalachian Power Co. | 4.500% | 3/1/49 | 2,233 | 1,805 | |
1 | Appalachian Power Co. | 3.700% | 5/1/50 | 1,964 | 1,404 | |
Arizona Public Service Co. | 5.050% | 9/1/41 | 982 | 898 | ||
Arizona Public Service Co. | 4.500% | 4/1/42 | 1,491 | 1,266 | ||
Arizona Public Service Co. | 4.350% | 11/15/45 | 971 | 798 | ||
Arizona Public Service Co. | 3.750% | 5/15/46 | 1,067 | 791 | ||
Arizona Public Service Co. | 4.200% | 8/15/48 | 847 | 669 | ||
Arizona Public Service Co. | 4.250% | 3/1/49 | 992 | 790 | ||
Arizona Public Service Co. | 3.500% | 12/1/49 | 889 | 613 | ||
Arizona Public Service Co. | 3.350% | 5/15/50 | 1,743 | 1,190 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Arizona Public Service Co. | 2.650% | 9/15/50 | 610 | 362 | ||
Atmos Energy Corp. | 5.500% | 6/15/41 | 790 | 797 | ||
Atmos Energy Corp. | 4.150% | 1/15/43 | 1,638 | 1,395 | ||
Atmos Energy Corp. | 4.125% | 10/15/44 | 2,910 | 2,473 | ||
Atmos Energy Corp. | 4.300% | 10/1/48 | 1,353 | 1,162 | ||
Atmos Energy Corp. | 4.125% | 3/15/49 | 1,617 | 1,331 | ||
Atmos Energy Corp. | 3.375% | 9/15/49 | 1,996 | 1,443 | ||
Atmos Energy Corp. | 2.850% | 2/15/52 | 1,511 | 968 | ||
Atmos Energy Corp. | 5.750% | 10/15/52 | 1,676 | 1,754 | ||
Atmos Energy Corp. | 6.200% | 11/15/53 | 1,585 | 1,749 | ||
Avista Corp. | 4.350% | 6/1/48 | 1,901 | 1,566 | ||
Avista Corp. | 4.000% | 4/1/52 | 1,391 | 1,062 | ||
Baltimore Gas & Electric Co. | 6.350% | 10/1/36 | 1,385 | 1,479 | ||
Baltimore Gas & Electric Co. | 3.500% | 8/15/46 | 1,068 | 787 | ||
1 | Baltimore Gas & Electric Co. | 3.750% | 8/15/47 | 793 | 603 | |
Baltimore Gas & Electric Co. | 4.250% | 9/15/48 | 817 | 681 | ||
Baltimore Gas & Electric Co. | 3.200% | 9/15/49 | 1,180 | 809 | ||
Baltimore Gas & Electric Co. | 2.900% | 6/15/50 | 1,120 | 723 | ||
Baltimore Gas & Electric Co. | 4.550% | 6/1/52 | 1,512 | 1,308 | ||
Baltimore Gas & Electric Co. | 5.400% | 6/1/53 | 2,798 | 2,740 | ||
Berkshire Hathaway Energy Co. | 6.125% | 4/1/36 | 9,126 | 9,623 | ||
Berkshire Hathaway Energy Co. | 5.950% | 5/15/37 | 1,399 | 1,448 | ||
Berkshire Hathaway Energy Co. | 5.150% | 11/15/43 | 2,076 | 1,992 | ||
Berkshire Hathaway Energy Co. | 4.500% | 2/1/45 | 2,976 | 2,621 | ||
Berkshire Hathaway Energy Co. | 3.800% | 7/15/48 | 3,444 | 2,608 | ||
Berkshire Hathaway Energy Co. | 4.450% | 1/15/49 | 2,173 | 1,824 | ||
Berkshire Hathaway Energy Co. | 4.250% | 10/15/50 | 3,588 | 2,892 | ||
Berkshire Hathaway Energy Co. | 2.850% | 5/15/51 | 3,091 | 1,968 | ||
Berkshire Hathaway Energy Co. | 4.600% | 5/1/53 | 3,175 | 2,719 | ||
Black Hills Corp. | 6.150% | 5/15/34 | 1,565 | 1,607 | ||
Black Hills Corp. | 4.200% | 9/15/46 | 1,191 | 926 | ||
Black Hills Corp. | 3.875% | 10/15/49 | 1,061 | 766 | ||
CenterPoint Energy Houston Electric LLC | 3.550% | 8/1/42 | 1,079 | 841 | ||
CenterPoint Energy Houston Electric LLC | 4.500% | 4/1/44 | 2,469 | 2,180 | ||
CenterPoint Energy Houston Electric LLC | 3.950% | 3/1/48 | 1,179 | 952 | ||
1 | CenterPoint Energy Houston Electric LLC | 4.250% | 2/1/49 | 3,236 | 2,728 | |
1 | CenterPoint Energy Houston Electric LLC | 2.900% | 7/1/50 | 1,602 | 1,053 | |
1 | CenterPoint Energy Houston Electric LLC | 3.350% | 4/1/51 | 4,309 | 3,097 | |
1 | CenterPoint Energy Houston Electric LLC | 4.850% | 10/1/52 | 1,724 | 1,590 | |
CenterPoint Energy Houston Electric LLC | 5.300% | 4/1/53 | 2,400 | 2,385 | ||
CenterPoint Energy Inc. | 3.700% | 9/1/49 | 1,047 | 763 | ||
CenterPoint Energy Resources Corp. | 5.850% | 1/15/41 | 1,073 | 1,095 | ||
CenterPoint Energy Resources Corp. | 4.100% | 9/1/47 | 1,223 | 979 | ||
Cleco Corporate Holdings LLC | 4.973% | 5/1/46 | 1,215 | 1,003 | ||
Cleveland Electric Illuminating Co. | 5.950% | 12/15/36 | 911 | 909 | ||
CMS Energy Corp. | 4.875% | 3/1/44 | 1,584 | 1,453 | ||
Commonwealth Edison Co. | 5.900% | 3/15/36 | 2,057 | 2,151 | ||
Commonwealth Edison Co. | 6.450% | 1/15/38 | 986 | 1,070 | ||
Commonwealth Edison Co. | 3.800% | 10/1/42 | 1,090 | 873 | ||
Commonwealth Edison Co. | 4.600% | 8/15/43 | 1,120 | 1,006 | ||
Commonwealth Edison Co. | 4.700% | 1/15/44 | 956 | 858 | ||
Commonwealth Edison Co. | 3.700% | 3/1/45 | 1,677 | 1,307 | ||
Commonwealth Edison Co. | 4.350% | 11/15/45 | 1,463 | 1,244 | ||
Commonwealth Edison Co. | 3.650% | 6/15/46 | 2,625 | 2,000 | ||
1 | Commonwealth Edison Co. | 3.750% | 8/15/47 | 2,505 | 1,912 | |
Commonwealth Edison Co. | 4.000% | 3/1/48 | 3,344 | 2,672 | ||
Commonwealth Edison Co. | 4.000% | 3/1/49 | 1,625 | 1,289 | ||
1 | Commonwealth Edison Co. | 3.200% | 11/15/49 | 1,040 | 713 | |
Commonwealth Edison Co. | 3.000% | 3/1/50 | 1,855 | 1,222 | ||
1 | Commonwealth Edison Co. | 3.125% | 3/15/51 | 3,020 | 2,021 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Commonwealth Edison Co. | 2.750% | 9/1/51 | 710 | 436 | |
1 | Commonwealth Edison Co. | 3.850% | 3/15/52 | 1,731 | 1,331 | |
Commonwealth Edison Co. | 5.300% | 2/1/53 | 4,300 | 4,168 | ||
Connecticut Light & Power Co. | 4.300% | 4/15/44 | 1,891 | 1,610 | ||
1 | Connecticut Light & Power Co. | 4.150% | 6/1/45 | 937 | 791 | |
Connecticut Light & Power Co. | 4.000% | 4/1/48 | 4,411 | 3,578 | ||
Connecticut Light & Power Co. | 5.250% | 1/15/53 | 2,978 | 2,884 | ||
Consolidated Edison Co. of New York Inc. | 5.500% | 3/15/34 | 1,480 | 1,512 | ||
1 | Consolidated Edison Co. of New York Inc. | 5.300% | 3/1/35 | 832 | 826 | |
1 | Consolidated Edison Co. of New York Inc. | 5.850% | 3/15/36 | 1,582 | 1,627 | |
1 | Consolidated Edison Co. of New York Inc. | 6.200% | 6/15/36 | 979 | 1,039 | |
1 | Consolidated Edison Co. of New York Inc. | 6.300% | 8/15/37 | 1,105 | 1,179 | |
1 | Consolidated Edison Co. of New York Inc. | 6.750% | 4/1/38 | 749 | 835 | |
1 | Consolidated Edison Co. of New York Inc. | 5.500% | 12/1/39 | 1,583 | 1,577 | |
Consolidated Edison Co. of New York Inc. | 5.700% | 6/15/40 | 746 | 750 | ||
1 | Consolidated Edison Co. of New York Inc. | 4.200% | 3/15/42 | 2,276 | 1,897 | |
Consolidated Edison Co. of New York Inc. | 3.950% | 3/1/43 | 2,107 | 1,725 | ||
Consolidated Edison Co. of New York Inc. | 4.450% | 3/15/44 | 5,228 | 4,529 | ||
Consolidated Edison Co. of New York Inc. | 4.500% | 12/1/45 | 2,542 | 2,199 | ||
Consolidated Edison Co. of New York Inc. | 3.850% | 6/15/46 | 1,059 | 831 | ||
1 | Consolidated Edison Co. of New York Inc. | 3.875% | 6/15/47 | 1,690 | 1,308 | |
1 | Consolidated Edison Co. of New York Inc. | 4.650% | 12/1/48 | 2,972 | 2,593 | |
1 | Consolidated Edison Co. of New York Inc. | 4.125% | 5/15/49 | 814 | 654 | |
1 | Consolidated Edison Co. of New York Inc. | 3.950% | 4/1/50 | 2,925 | 2,342 | |
Consolidated Edison Co. of New York Inc. | 3.200% | 12/1/51 | 2,144 | 1,452 | ||
Consolidated Edison Co. of New York Inc. | 6.150% | 11/15/52 | 7,688 | 8,330 | ||
Consolidated Edison Co. of New York Inc. | 5.900% | 11/15/53 | 3,973 | 4,169 | ||
Consolidated Edison Co. of New York Inc. | 4.625% | 12/1/54 | 2,555 | 2,194 | ||
1 | Consolidated Edison Co. of New York Inc. | 4.300% | 12/1/56 | 1,341 | 1,096 | |
1 | Consolidated Edison Co. of New York Inc. | 4.000% | 11/15/57 | 1,202 | 930 | |
Consolidated Edison Co. of New York Inc. | 4.500% | 5/15/58 | 1,784 | 1,497 | ||
Consolidated Edison Co. of New York Inc. | 3.700% | 11/15/59 | 1,573 | 1,120 | ||
1 | Consolidated Edison Co. of New York Inc. | 3.000% | 12/1/60 | 1,879 | 1,140 | |
Consolidated Edison Co. of New York Inc. | 3.600% | 6/15/61 | 1,064 | 763 | ||
Constellation Energy Generation LLC | 6.125% | 1/15/34 | 1,140 | 1,190 | ||
Constellation Energy Generation LLC | 6.250% | 10/1/39 | 2,885 | 2,976 | ||
Constellation Energy Generation LLC | 5.750% | 10/1/41 | 1,380 | 1,352 | ||
Constellation Energy Generation LLC | 5.600% | 6/15/42 | 2,685 | 2,617 | ||
Constellation Energy Generation LLC | 6.500% | 10/1/53 | 3,455 | 3,794 | ||
Consumers Energy Co. | 3.950% | 5/15/43 | 1,217 | 1,016 | ||
Consumers Energy Co. | 3.250% | 8/15/46 | 2,181 | 1,597 | ||
Consumers Energy Co. | 3.950% | 7/15/47 | 890 | 723 | ||
Consumers Energy Co. | 4.050% | 5/15/48 | 1,698 | 1,412 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Consumers Energy Co. | 4.350% | 4/15/49 | 1,826 | 1,577 | ||
Consumers Energy Co. | 3.750% | 2/15/50 | 473 | 370 | ||
Consumers Energy Co. | 3.100% | 8/15/50 | 1,684 | 1,159 | ||
Consumers Energy Co. | 3.500% | 8/1/51 | 1,880 | 1,399 | ||
Consumers Energy Co. | 2.650% | 8/15/52 | 491 | 305 | ||
Consumers Energy Co. | 4.200% | 9/1/52 | 2,426 | 2,013 | ||
Consumers Energy Co. | 2.500% | 5/1/60 | 2,004 | 1,112 | ||
Dayton Power & Light Co. | 3.950% | 6/15/49 | 1,577 | 1,163 | ||
Delmarva Power & Light Co. | 4.150% | 5/15/45 | 1,109 | 890 | ||
1 | Dominion Energy Inc. | 5.250% | 8/1/33 | 854 | 838 | |
1 | Dominion Energy Inc. | 5.950% | 6/15/35 | 1,627 | 1,656 | |
Dominion Energy Inc. | 7.000% | 6/15/38 | 793 | 863 | ||
1 | Dominion Energy Inc. | 3.300% | 4/15/41 | 2,198 | 1,614 | |
1 | Dominion Energy Inc. | 4.900% | 8/1/41 | 1,983 | 1,776 | |
1 | Dominion Energy Inc. | 4.050% | 9/15/42 | 1,881 | 1,489 | |
Dominion Energy Inc. | 4.700% | 12/1/44 | 1,068 | 919 | ||
1 | Dominion Energy Inc. | 4.600% | 3/15/49 | 1,530 | 1,290 | |
1 | Dominion Energy Inc. | 4.850% | 8/15/52 | 2,177 | 1,903 | |
Dominion Energy South Carolina Inc. | 6.050% | 1/15/38 | 687 | 726 | ||
Dominion Energy South Carolina Inc. | 5.450% | 2/1/41 | 1,287 | 1,269 | ||
Dominion Energy South Carolina Inc. | 4.600% | 6/15/43 | 1,494 | 1,319 | ||
Dominion Energy South Carolina Inc. | 5.100% | 6/1/65 | 3,130 | 2,882 | ||
DTE Electric Co. | 5.200% | 4/1/33 | 1,615 | 1,625 | ||
1 | DTE Electric Co. | 4.000% | 4/1/43 | 965 | 801 | |
DTE Electric Co. | 4.300% | 7/1/44 | 1,070 | 919 | ||
DTE Electric Co. | 3.700% | 3/15/45 | 1,439 | 1,135 | ||
DTE Electric Co. | 3.700% | 6/1/46 | 977 | 753 | ||
DTE Electric Co. | 3.750% | 8/15/47 | 569 | 439 | ||
1 | DTE Electric Co. | 4.050% | 5/15/48 | 3,546 | 2,877 | |
DTE Electric Co. | 3.950% | 3/1/49 | 2,250 | 1,813 | ||
DTE Electric Co. | 2.950% | 3/1/50 | 774 | 512 | ||
1 | DTE Electric Co. | 3.250% | 4/1/51 | 1,514 | 1,049 | |
1 | DTE Electric Co. | 3.650% | 3/1/52 | 1,204 | 899 | |
DTE Electric Co. | 5.400% | 4/1/53 | 2,499 | 2,478 | ||
Duke Energy Carolinas LLC | 6.100% | 6/1/37 | 1,559 | 1,633 | ||
Duke Energy Carolinas LLC | 6.000% | 1/15/38 | 1,976 | 2,074 | ||
Duke Energy Carolinas LLC | 6.050% | 4/15/38 | 1,691 | 1,774 | ||
Duke Energy Carolinas LLC | 5.300% | 2/15/40 | 2,778 | 2,721 | ||
Duke Energy Carolinas LLC | 4.250% | 12/15/41 | 2,515 | 2,125 | ||
Duke Energy Carolinas LLC | 4.000% | 9/30/42 | 3,858 | 3,145 | ||
Duke Energy Carolinas LLC | 3.750% | 6/1/45 | 1,382 | 1,066 | ||
Duke Energy Carolinas LLC | 3.875% | 3/15/46 | 1,797 | 1,405 | ||
Duke Energy Carolinas LLC | 3.700% | 12/1/47 | 2,647 | 1,972 | ||
Duke Energy Carolinas LLC | 3.950% | 3/15/48 | 2,900 | 2,285 | ||
Duke Energy Carolinas LLC | 3.200% | 8/15/49 | 1,764 | 1,220 | ||
Duke Energy Carolinas LLC | 3.450% | 4/15/51 | 1,359 | 966 | ||
Duke Energy Carolinas LLC | 3.550% | 3/15/52 | 909 | 651 | ||
Duke Energy Carolinas LLC | 5.350% | 1/15/53 | 3,243 | 3,159 | ||
Duke Energy Carolinas LLC | 5.400% | 1/15/54 | 2,685 | 2,623 | ||
Duke Energy Corp. | 3.300% | 6/15/41 | 682 | 502 | ||
Duke Energy Corp. | 4.800% | 12/15/45 | 3,031 | 2,654 | ||
Duke Energy Corp. | 3.750% | 9/1/46 | 5,408 | 4,022 | ||
Duke Energy Corp. | 3.950% | 8/15/47 | 842 | 639 | ||
Duke Energy Corp. | 4.200% | 6/15/49 | 1,706 | 1,345 | ||
Duke Energy Corp. | 3.500% | 6/15/51 | 4,328 | 2,985 | ||
Duke Energy Corp. | 5.000% | 8/15/52 | 4,021 | 3,585 | ||
Duke Energy Corp. | 6.100% | 9/15/53 | 2,224 | 2,314 | ||
Duke Energy Florida LLC | 6.350% | 9/15/37 | 1,574 | 1,683 | ||
Duke Energy Florida LLC | 6.400% | 6/15/38 | 3,681 | 3,967 | ||
Duke Energy Florida LLC | 5.650% | 4/1/40 | 937 | 943 | ||
Duke Energy Florida LLC | 3.850% | 11/15/42 | 708 | 563 | ||
Duke Energy Florida LLC | 3.400% | 10/1/46 | 3,151 | 2,266 | ||
Duke Energy Florida LLC | 4.200% | 7/15/48 | 1,063 | 872 | ||
Duke Energy Florida LLC | 3.000% | 12/15/51 | 716 | 463 | ||
Duke Energy Florida LLC | 5.950% | 11/15/52 | 1,035 | 1,087 | ||
Duke Energy Florida LLC | 6.200% | 11/15/53 | 2,268 | 2,456 | ||
Duke Energy Indiana LLC | 6.120% | 10/15/35 | 1,176 | 1,222 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Duke Energy Indiana LLC | 6.350% | 8/15/38 | 1,621 | 1,736 | ||
Duke Energy Indiana LLC | 6.450% | 4/1/39 | 950 | 1,033 | ||
1 | Duke Energy Indiana LLC | 4.900% | 7/15/43 | 847 | 774 | |
Duke Energy Indiana LLC | 3.750% | 5/15/46 | 891 | 682 | ||
1 | Duke Energy Indiana LLC | 3.250% | 10/1/49 | 3,321 | 2,299 | |
Duke Energy Indiana LLC | 2.750% | 4/1/50 | 1,911 | 1,186 | ||
Duke Energy Indiana LLC | 5.400% | 4/1/53 | 2,050 | 1,974 | ||
Duke Energy Ohio Inc. | 3.700% | 6/15/46 | 556 | 418 | ||
Duke Energy Ohio Inc. | 4.300% | 2/1/49 | 1,290 | 1,054 | ||
Duke Energy Ohio Inc. | 5.650% | 4/1/53 | 2,405 | 2,428 | ||
Duke Energy Progress LLC | 6.300% | 4/1/38 | 921 | 989 | ||
Duke Energy Progress LLC | 4.100% | 5/15/42 | 2,060 | 1,708 | ||
Duke Energy Progress LLC | 4.100% | 3/15/43 | 1,253 | 1,028 | ||
Duke Energy Progress LLC | 4.375% | 3/30/44 | 1,476 | 1,261 | ||
Duke Energy Progress LLC | 4.150% | 12/1/44 | 982 | 805 | ||
Duke Energy Progress LLC | 4.200% | 8/15/45 | 2,081 | 1,711 | ||
Duke Energy Progress LLC | 3.700% | 10/15/46 | 1,378 | 1,041 | ||
Duke Energy Progress LLC | 3.600% | 9/15/47 | 1,452 | 1,076 | ||
Duke Energy Progress LLC | 2.500% | 8/15/50 | 1,986 | 1,175 | ||
Duke Energy Progress LLC | 2.900% | 8/15/51 | 1,300 | 835 | ||
Duke Energy Progress LLC | 4.000% | 4/1/52 | 995 | 784 | ||
Duke Energy Progress LLC | 5.350% | 3/15/53 | 4,230 | 4,083 | ||
1 | Duke Energy Progress NC Storm Funding LLC | 2.387% | 7/1/37 | 825 | 662 | |
El Paso Electric Co. | 6.000% | 5/15/35 | 1,620 | 1,625 | ||
El Paso Electric Co. | 5.000% | 12/1/44 | 921 | 782 | ||
Emera US Finance LP | 4.750% | 6/15/46 | 4,403 | 3,581 | ||
Entergy Arkansas LLC | 5.300% | 9/15/33 | 950 | 952 | ||
Entergy Arkansas LLC | 4.200% | 4/1/49 | 1,735 | 1,416 | ||
Entergy Arkansas LLC | 2.650% | 6/15/51 | 2,330 | 1,397 | ||
Entergy Arkansas LLC | 3.350% | 6/15/52 | 1,377 | 946 | ||
Entergy Corp. | 3.750% | 6/15/50 | 3,085 | 2,225 | ||
Entergy Louisiana LLC | 3.100% | 6/15/41 | 1,848 | 1,358 | ||
Entergy Louisiana LLC | 4.200% | 9/1/48 | 3,005 | 2,438 | ||
Entergy Louisiana LLC | 4.200% | 4/1/50 | 1,082 | 878 | ||
Entergy Louisiana LLC | 2.900% | 3/15/51 | 2,331 | 1,462 | ||
Entergy Louisiana LLC | 4.750% | 9/15/52 | 1,235 | 1,083 | ||
Entergy Mississippi LLC | 5.000% | 9/1/33 | 1,040 | 1,018 | ||
Entergy Mississippi LLC | 3.850% | 6/1/49 | 1,750 | 1,335 | ||
Entergy Mississippi LLC | 3.500% | 6/1/51 | 1,028 | 727 | ||
Entergy Texas Inc. | 3.550% | 9/30/49 | 765 | 552 | ||
Entergy Texas Inc. | 5.800% | 9/1/53 | 932 | 959 | ||
Essential Utilities Inc. | 4.276% | 5/1/49 | 1,801 | 1,451 | ||
Essential Utilities Inc. | 3.351% | 4/15/50 | 1,779 | 1,230 | ||
Essential Utilities Inc. | 5.300% | 5/1/52 | 2,223 | 2,064 | ||
Evergy Kansas Central Inc. | 4.125% | 3/1/42 | 1,029 | 854 | ||
Evergy Kansas Central Inc. | 4.100% | 4/1/43 | 559 | 456 | ||
Evergy Kansas Central Inc. | 4.250% | 12/1/45 | 916 | 750 | ||
Evergy Kansas Central Inc. | 3.450% | 4/15/50 | 1,854 | 1,303 | ||
Evergy Kansas Central Inc. | 5.700% | 3/15/53 | 1,076 | 1,074 | ||
Evergy Metro Inc. | 5.300% | 10/1/41 | 1,219 | 1,166 | ||
Evergy Metro Inc. | 4.200% | 6/15/47 | 1,535 | 1,232 | ||
Evergy Metro Inc. | 4.200% | 3/15/48 | 1,236 | 1,001 | ||
1 | Evergy Metro Inc. | 4.125% | 4/1/49 | 1,126 | 891 | |
Eversource Energy | 3.450% | 1/15/50 | 1,277 | 870 | ||
1 | Exelon Corp. | 4.950% | 6/15/35 | 1,172 | 1,095 | |
Exelon Corp. | 5.625% | 6/15/35 | 2,449 | 2,432 | ||
Exelon Corp. | 5.100% | 6/15/45 | 2,988 | 2,719 | ||
Exelon Corp. | 4.450% | 4/15/46 | 2,518 | 2,108 | ||
Exelon Corp. | 4.700% | 4/15/50 | 2,343 | 2,023 | ||
Exelon Corp. | 4.100% | 3/15/52 | 2,437 | 1,890 | ||
Exelon Corp. | 5.600% | 3/15/53 | 4,175 | 4,071 | ||
Florida Power & Light Co. | 5.625% | 4/1/34 | 724 | 757 | ||
Florida Power & Light Co. | 4.950% | 6/1/35 | 460 | 453 | ||
Florida Power & Light Co. | 5.650% | 2/1/37 | 319 | 329 | ||
Florida Power & Light Co. | 5.950% | 2/1/38 | 1,307 | 1,390 | ||
Florida Power & Light Co. | 5.960% | 4/1/39 | 910 | 976 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Florida Power & Light Co. | 5.690% | 3/1/40 | 2,187 | 2,241 | ||
Florida Power & Light Co. | 5.250% | 2/1/41 | 2,590 | 2,555 | ||
Florida Power & Light Co. | 4.125% | 2/1/42 | 3,041 | 2,607 | ||
Florida Power & Light Co. | 4.050% | 6/1/42 | 2,467 | 2,090 | ||
Florida Power & Light Co. | 3.800% | 12/15/42 | 1,912 | 1,556 | ||
Florida Power & Light Co. | 4.050% | 10/1/44 | 1,541 | 1,297 | ||
Florida Power & Light Co. | 3.700% | 12/1/47 | 2,234 | 1,737 | ||
Florida Power & Light Co. | 3.950% | 3/1/48 | 4,400 | 3,561 | ||
Florida Power & Light Co. | 4.125% | 6/1/48 | 1,087 | 903 | ||
Florida Power & Light Co. | 3.990% | 3/1/49 | 1,085 | 878 | ||
Florida Power & Light Co. | 3.150% | 10/1/49 | 2,142 | 1,477 | ||
Florida Power & Light Co. | 2.875% | 12/4/51 | 4,344 | 2,821 | ||
Florida Power & Light Co. | 5.300% | 4/1/53 | 2,922 | 2,885 | ||
1 | Georgia Power Co. | 4.750% | 9/1/40 | 1,390 | 1,262 | |
Georgia Power Co. | 4.300% | 3/15/42 | 4,623 | 3,946 | ||
Georgia Power Co. | 4.300% | 3/15/43 | 2,608 | 2,190 | ||
1 | Georgia Power Co. | 3.700% | 1/30/50 | 2,698 | 2,043 | |
1 | Georgia Power Co. | 3.250% | 3/15/51 | 3,157 | 2,164 | |
Georgia Power Co. | 5.125% | 5/15/52 | 3,570 | 3,388 | ||
Iberdrola International BV | 6.750% | 7/15/36 | 1,756 | 1,966 | ||
1 | Idaho Power Co. | 4.200% | 3/1/48 | 1,592 | 1,282 | |
1 | Idaho Power Co. | 5.500% | 3/15/53 | 1,125 | 1,106 | |
1 | Idaho Power Co. | 5.800% | 4/1/54 | 1,090 | 1,110 | |
Indiana Michigan Power Co. | 6.050% | 3/15/37 | 1,022 | 1,060 | ||
1 | Indiana Michigan Power Co. | 4.550% | 3/15/46 | 1,223 | 1,043 | |
1 | Indiana Michigan Power Co. | 3.750% | 7/1/47 | 837 | 622 | |
Indiana Michigan Power Co. | 4.250% | 8/15/48 | 908 | 735 | ||
Indiana Michigan Power Co. | 3.250% | 5/1/51 | 815 | 552 | ||
Indiana Michigan Power Co. | 5.625% | 4/1/53 | 2,672 | 2,675 | ||
Interstate Power & Light Co. | 6.250% | 7/15/39 | 905 | 944 | ||
Interstate Power & Light Co. | 3.700% | 9/15/46 | 944 | 702 | ||
Interstate Power & Light Co. | 3.500% | 9/30/49 | 1,168 | 828 | ||
Interstate Power & Light Co. | 3.100% | 11/30/51 | 501 | 321 | ||
ITC Holdings Corp. | 5.300% | 7/1/43 | 1,539 | 1,440 | ||
1 | John Sevier Combined Cycle Generation LLC | 4.626% | 1/15/42 | 787 | 735 | |
Kentucky Utilities Co. | 5.125% | 11/1/40 | 3,032 | 2,878 | ||
Kentucky Utilities Co. | 4.375% | 10/1/45 | 1,095 | 919 | ||
Kentucky Utilities Co. | 3.300% | 6/1/50 | 1,885 | 1,303 | ||
Louisville Gas & Electric Co. | 4.250% | 4/1/49 | 1,350 | 1,100 | ||
MidAmerican Energy Co. | 5.350% | 1/15/34 | 1,305 | 1,330 | ||
1 | MidAmerican Energy Co. | 5.750% | 11/1/35 | 1,207 | 1,251 | |
1 | MidAmerican Energy Co. | 5.800% | 10/15/36 | 2,722 | 2,813 | |
MidAmerican Energy Co. | 4.800% | 9/15/43 | 1,618 | 1,480 | ||
MidAmerican Energy Co. | 4.400% | 10/15/44 | 1,713 | 1,467 | ||
MidAmerican Energy Co. | 4.250% | 5/1/46 | 1,495 | 1,253 | ||
MidAmerican Energy Co. | 3.650% | 8/1/48 | 1,290 | 981 | ||
MidAmerican Energy Co. | 4.250% | 7/15/49 | 3,091 | 2,597 | ||
MidAmerican Energy Co. | 3.150% | 4/15/50 | 1,952 | 1,334 | ||
MidAmerican Energy Co. | 2.700% | 8/1/52 | 845 | 518 | ||
MidAmerican Energy Co. | 5.850% | 9/15/54 | 4,781 | 5,044 | ||
MidAmerican Energy Co. | 5.300% | 2/1/55 | 2,305 | 2,245 | ||
1 | Mississippi Power Co. | 4.250% | 3/15/42 | 1,112 | 927 | |
1 | Mississippi Power Co. | 3.100% | 7/30/51 | 646 | 420 | |
National Grid USA | 5.803% | 4/1/35 | 1,550 | 1,528 | ||
National Rural Utilities Cooperative Finance Corp. | 4.400% | 11/1/48 | 1,167 | 984 | ||
National Rural Utilities Cooperative Finance Corp. | 4.300% | 3/15/49 | 3,013 | 2,503 | ||
1 | Nevada Power Co. | 6.650% | 4/1/36 | 1,202 | 1,286 | |
1 | Nevada Power Co. | 6.750% | 7/1/37 | 982 | 1,087 | |
1 | Nevada Power Co. | 3.125% | 8/1/50 | 1,489 | 977 | |
1 | Nevada Power Co. | 5.900% | 5/1/53 | 1,217 | 1,252 | |
Nevada Power Co. | 6.000% | 3/15/54 | 2,200 | 2,298 | ||
NextEra Energy Capital Holdings Inc. | 5.250% | 3/15/34 | 3,095 | 3,038 | ||
NextEra Energy Capital Holdings Inc. | 3.000% | 1/15/52 | 1,453 | 921 | ||
NextEra Energy Capital Holdings Inc. | 5.250% | 2/28/53 | 5,560 | 5,163 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
NextEra Energy Capital Holdings Inc. | 5.550% | 3/15/54 | 995 | 965 | ||
NiSource Inc. | 5.950% | 6/15/41 | 884 | 898 | ||
NiSource Inc. | 5.250% | 2/15/43 | 1,562 | 1,472 | ||
NiSource Inc. | 4.800% | 2/15/44 | 3,303 | 2,930 | ||
NiSource Inc. | 5.650% | 2/1/45 | 2,579 | 2,505 | ||
NiSource Inc. | 4.375% | 5/15/47 | 5,899 | 4,873 | ||
NiSource Inc. | 3.950% | 3/30/48 | 3,423 | 2,630 | ||
NiSource Inc. | 5.000% | 6/15/52 | 1,443 | 1,304 | ||
Northern States Power Co. | 6.250% | 6/1/36 | 675 | 729 | ||
Northern States Power Co. | 6.200% | 7/1/37 | 1,056 | 1,130 | ||
Northern States Power Co. | 5.350% | 11/1/39 | 928 | 916 | ||
Northern States Power Co. | 3.400% | 8/15/42 | 1,941 | 1,474 | ||
Northern States Power Co. | 4.125% | 5/15/44 | 558 | 460 | ||
Northern States Power Co. | 4.000% | 8/15/45 | 713 | 577 | ||
Northern States Power Co. | 3.600% | 5/15/46 | 2,261 | 1,712 | ||
Northern States Power Co. | 3.600% | 9/15/47 | 1,027 | 777 | ||
Northern States Power Co. | 2.900% | 3/1/50 | 3,802 | 2,488 | ||
Northern States Power Co. | 2.600% | 6/1/51 | 2,422 | 1,496 | ||
Northern States Power Co. | 3.200% | 4/1/52 | 705 | 486 | ||
Northern States Power Co. | 4.500% | 6/1/52 | 1,781 | 1,553 | ||
Northern States Power Co. | 5.100% | 5/15/53 | 4,426 | 4,224 | ||
Northern States Power Co. | 5.400% | 3/15/54 | 1,500 | 1,484 | ||
NorthWestern Corp. | 4.176% | 11/15/44 | 1,409 | 1,135 | ||
NSTAR Electric Co. | 5.500% | 3/15/40 | 801 | 798 | ||
NSTAR Electric Co. | 4.400% | 3/1/44 | 948 | 817 | ||
NSTAR Electric Co. | 4.550% | 6/1/52 | 1,660 | 1,435 | ||
NSTAR Electric Co. | 4.950% | 9/15/52 | 1,346 | 1,245 | ||
Oglethorpe Power Corp. | 5.950% | 11/1/39 | 711 | 702 | ||
Oglethorpe Power Corp. | 5.375% | 11/1/40 | 1,485 | 1,391 | ||
Oglethorpe Power Corp. | 4.500% | 4/1/47 | 939 | 762 | ||
Oglethorpe Power Corp. | 5.050% | 10/1/48 | 1,680 | 1,481 | ||
Oglethorpe Power Corp. | 3.750% | 8/1/50 | 2,136 | 1,531 | ||
Oglethorpe Power Corp. | 5.250% | 9/1/50 | 835 | 764 | ||
2 | Oglethorpe Power Corp. | 6.200% | 12/1/53 | 1,470 | 1,512 | |
Ohio Power Co. | 4.150% | 4/1/48 | 1,295 | 1,037 | ||
Ohio Power Co. | 4.000% | 6/1/49 | 1,245 | 972 | ||
1 | Ohio Power Co. | 2.900% | 10/1/51 | 1,785 | 1,137 | |
Oklahoma Gas & Electric Co. | 4.150% | 4/1/47 | 1,000 | 797 | ||
Oklahoma Gas & Electric Co. | 3.850% | 8/15/47 | 1,369 | 1,040 | ||
Oklahoma Gas & Electric Co. | 5.600% | 4/1/53 | 1,290 | 1,297 | ||
Oncor Electric Delivery Co. LLC | 7.500% | 9/1/38 | 637 | 760 | ||
Oncor Electric Delivery Co. LLC | 5.250% | 9/30/40 | 2,274 | 2,257 | ||
Oncor Electric Delivery Co. LLC | 4.550% | 12/1/41 | 1,802 | 1,634 | ||
Oncor Electric Delivery Co. LLC | 5.300% | 6/1/42 | 2,680 | 2,706 | ||
Oncor Electric Delivery Co. LLC | 3.750% | 4/1/45 | 1,981 | 1,571 | ||
Oncor Electric Delivery Co. LLC | 3.800% | 9/30/47 | 1,616 | 1,247 | ||
Oncor Electric Delivery Co. LLC | 4.100% | 11/15/48 | 2,465 | 2,020 | ||
Oncor Electric Delivery Co. LLC | 3.800% | 6/1/49 | 1,508 | 1,183 | ||
1 | Oncor Electric Delivery Co. LLC | 3.100% | 9/15/49 | 2,262 | 1,551 | |
Oncor Electric Delivery Co. LLC | 2.700% | 11/15/51 | 1,225 | 761 | ||
Oncor Electric Delivery Co. LLC | 4.600% | 6/1/52 | 2,061 | 1,812 | ||
Oncor Electric Delivery Co. LLC | 4.950% | 9/15/52 | 3,423 | 3,188 | ||
Oncor Electric Delivery Co. LLC | 5.350% | 10/1/52 | 774 | 768 | ||
ONE Gas Inc. | 4.658% | 2/1/44 | 1,140 | 1,015 | ||
ONE Gas Inc. | 4.500% | 11/1/48 | 1,879 | 1,614 | ||
Pacific Gas & Electric Co. | 6.950% | 3/15/34 | 2,500 | 2,703 | ||
Pacific Gas & Electric Co. | 4.500% | 7/1/40 | 6,489 | 5,452 | ||
Pacific Gas & Electric Co. | 3.300% | 8/1/40 | 5,255 | 3,788 | ||
Pacific Gas & Electric Co. | 4.200% | 6/1/41 | 954 | 750 | ||
Pacific Gas & Electric Co. | 3.750% | 8/15/42 | 942 | 692 | ||
Pacific Gas & Electric Co. | 4.600% | 6/15/43 | 290 | 238 | ||
Pacific Gas & Electric Co. | 4.750% | 2/15/44 | 2,086 | 1,739 | ||
Pacific Gas & Electric Co. | 4.300% | 3/15/45 | 1,241 | 968 | ||
Pacific Gas & Electric Co. | 3.950% | 12/1/47 | 2,412 | 1,752 | ||
Pacific Gas & Electric Co. | 4.950% | 7/1/50 | 13,041 | 11,076 | ||
Pacific Gas & Electric Co. | 3.500% | 8/1/50 | 7,572 | 5,094 | ||
Pacific Gas & Electric Co. | 5.250% | 3/1/52 | 1,447 | 1,281 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Pacific Gas & Electric Co. | 6.750% | 1/15/53 | 7,034 | 7,539 | ||
Pacific Gas & Electric Co. | 6.700% | 4/1/53 | 4,430 | 4,751 | ||
PacifiCorp | 5.450% | 2/15/34 | 3,500 | 3,452 | ||
PacifiCorp | 5.250% | 6/15/35 | 547 | 531 | ||
PacifiCorp | 6.100% | 8/1/36 | 1,208 | 1,251 | ||
PacifiCorp | 5.750% | 4/1/37 | 1,064 | 1,058 | ||
PacifiCorp | 6.250% | 10/15/37 | 995 | 1,040 | ||
PacifiCorp | 6.350% | 7/15/38 | 1,300 | 1,366 | ||
PacifiCorp | 6.000% | 1/15/39 | 2,077 | 2,133 | ||
PacifiCorp | 4.100% | 2/1/42 | 928 | 736 | ||
PacifiCorp | 4.125% | 1/15/49 | 1,191 | 929 | ||
PacifiCorp | 4.150% | 2/15/50 | 2,094 | 1,625 | ||
PacifiCorp | 3.300% | 3/15/51 | 3,838 | 2,517 | ||
PacifiCorp | 2.900% | 6/15/52 | 1,305 | 795 | ||
PacifiCorp | 5.350% | 12/1/53 | 3,348 | 3,075 | ||
PacifiCorp | 5.500% | 5/15/54 | 2,751 | 2,567 | ||
PacifiCorp | 5.800% | 1/15/55 | 5,580 | 5,394 | ||
PECO Energy Co. | 5.950% | 10/1/36 | 910 | 963 | ||
PECO Energy Co. | 4.150% | 10/1/44 | 710 | 593 | ||
PECO Energy Co. | 3.700% | 9/15/47 | 1,176 | 914 | ||
PECO Energy Co. | 3.900% | 3/1/48 | 1,492 | 1,200 | ||
PECO Energy Co. | 3.000% | 9/15/49 | 836 | 562 | ||
PECO Energy Co. | 2.800% | 6/15/50 | 1,052 | 678 | ||
PECO Energy Co. | 3.050% | 3/15/51 | 519 | 349 | ||
PECO Energy Co. | 2.850% | 9/15/51 | 1,225 | 780 | ||
PECO Energy Co. | 4.600% | 5/15/52 | 1,381 | 1,230 | ||
PECO Energy Co. | 4.375% | 8/15/52 | 2,115 | 1,803 | ||
Piedmont Natural Gas Co. Inc. | 4.650% | 8/1/43 | 1,005 | 873 | ||
Piedmont Natural Gas Co. Inc. | 3.640% | 11/1/46 | 1,008 | 710 | ||
Piedmont Natural Gas Co. Inc. | 3.350% | 6/1/50 | 1,374 | 913 | ||
Piedmont Natural Gas Co. Inc. | 5.050% | 5/15/52 | 1,448 | 1,305 | ||
Potomac Electric Power Co. | 6.500% | 11/15/37 | 1,098 | 1,212 | ||
Potomac Electric Power Co. | 4.150% | 3/15/43 | 2,499 | 2,100 | ||
3 | Potomac Electric Power Co. | 5.500% | 3/15/54 | 1,000 | 995 | |
PPL Electric Utilities Corp. | 4.850% | 2/15/34 | 2,405 | 2,342 | ||
PPL Electric Utilities Corp. | 6.250% | 5/15/39 | 803 | 872 | ||
PPL Electric Utilities Corp. | 4.750% | 7/15/43 | 761 | 700 | ||
PPL Electric Utilities Corp. | 4.125% | 6/15/44 | 1,064 | 892 | ||
PPL Electric Utilities Corp. | 4.150% | 10/1/45 | 1,049 | 872 | ||
PPL Electric Utilities Corp. | 3.950% | 6/1/47 | 2,250 | 1,816 | ||
PPL Electric Utilities Corp. | 4.150% | 6/15/48 | 1,439 | 1,206 | ||
PPL Electric Utilities Corp. | 3.000% | 10/1/49 | 455 | 310 | ||
PPL Electric Utilities Corp. | 5.250% | 5/15/53 | 3,141 | 3,049 | ||
Progress Energy Inc. | 6.000% | 12/1/39 | 3,874 | 3,905 | ||
1 | Public Service Co. of Colorado | 6.250% | 9/1/37 | 1,752 | 1,858 | |
Public Service Co. of Colorado | 6.500% | 8/1/38 | 532 | 579 | ||
Public Service Co. of Colorado | 3.600% | 9/15/42 | 989 | 759 | ||
Public Service Co. of Colorado | 4.300% | 3/15/44 | 518 | 431 | ||
Public Service Co. of Colorado | 3.800% | 6/15/47 | 1,267 | 962 | ||
Public Service Co. of Colorado | 4.100% | 6/15/48 | 980 | 782 | ||
Public Service Co. of Colorado | 4.050% | 9/15/49 | 1,190 | 928 | ||
1 | Public Service Co. of Colorado | 3.200% | 3/1/50 | 2,959 | 2,004 | |
1 | Public Service Co. of Colorado | 2.700% | 1/15/51 | 575 | 348 | |
1 | Public Service Co. of Colorado | 4.500% | 6/1/52 | 2,532 | 2,120 | |
Public Service Co. of Colorado | 5.250% | 4/1/53 | 3,055 | 2,892 | ||
Public Service Co. of New Hampshire | 3.600% | 7/1/49 | 1,012 | 765 | ||
Public Service Co. of New Hampshire | 5.150% | 1/15/53 | 686 | 658 | ||
1 | Public Service Co. of Oklahoma | 3.150% | 8/15/51 | 1,066 | 713 | |
1 | Public Service Electric & Gas Co. | 5.800% | 5/1/37 | 952 | 980 | |
1 | Public Service Electric & Gas Co. | 5.500% | 3/1/40 | 996 | 996 | |
1 | Public Service Electric & Gas Co. | 3.950% | 5/1/42 | 1,280 | 1,074 | |
1 | Public Service Electric & Gas Co. | 3.650% | 9/1/42 | 1,578 | 1,242 | |
1 | Public Service Electric & Gas Co. | 3.800% | 1/1/43 | 1,012 | 822 | |
1 | Public Service Electric & Gas Co. | 3.800% | 3/1/46 | 2,191 | 1,729 | |
1 | Public Service Electric & Gas Co. | 3.600% | 12/1/47 | 1,210 | 922 | |
1 | Public Service Electric & Gas Co. | 4.050% | 5/1/48 | 914 | 760 | |
1 | Public Service Electric & Gas Co. | 3.850% | 5/1/49 | 1,060 | 845 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1 | Public Service Electric & Gas Co. | 3.200% | 8/1/49 | 1,263 | 891 | |
1 | Public Service Electric & Gas Co. | 3.150% | 1/1/50 | 947 | 658 | |
1 | Public Service Electric & Gas Co. | 2.700% | 5/1/50 | 1,192 | 768 | |
1 | Public Service Electric & Gas Co. | 2.050% | 8/1/50 | 989 | 552 | |
1 | Public Service Electric & Gas Co. | 5.125% | 3/15/53 | 2,080 | 2,014 | |
Public Service Electric & Gas Co. | 5.450% | 8/1/53 | 1,070 | 1,075 | ||
1,3 | Public Service Electric & Gas Co. | 5.450% | 3/1/54 | 2,500 | 2,507 | |
Puget Sound Energy Inc. | 6.274% | 3/15/37 | 1,044 | 1,098 | ||
Puget Sound Energy Inc. | 5.757% | 10/1/39 | 676 | 679 | ||
Puget Sound Energy Inc. | 5.795% | 3/15/40 | 691 | 698 | ||
Puget Sound Energy Inc. | 5.638% | 4/15/41 | 923 | 919 | ||
Puget Sound Energy Inc. | 4.300% | 5/20/45 | 593 | 492 | ||
Puget Sound Energy Inc. | 4.223% | 6/15/48 | 3,684 | 2,990 | ||
Puget Sound Energy Inc. | 3.250% | 9/15/49 | 1,430 | 974 | ||
Puget Sound Energy Inc. | 2.893% | 9/15/51 | 983 | 625 | ||
Puget Sound Energy Inc. | 5.448% | 6/1/53 | 752 | 744 | ||
San Diego Gas & Electric Co. | 6.000% | 6/1/39 | 925 | 957 | ||
San Diego Gas & Electric Co. | 4.500% | 8/15/40 | 1,630 | 1,446 | ||
1 | San Diego Gas & Electric Co. | 3.750% | 6/1/47 | 955 | 734 | |
San Diego Gas & Electric Co. | 4.150% | 5/15/48 | 1,385 | 1,140 | ||
1 | San Diego Gas & Electric Co. | 4.100% | 6/15/49 | 789 | 636 | |
1 | San Diego Gas & Electric Co. | 3.320% | 4/15/50 | 838 | 582 | |
1 | San Diego Gas & Electric Co. | 2.950% | 8/15/51 | 2,633 | 1,746 | |
San Diego Gas & Electric Co. | 3.700% | 3/15/52 | 1,000 | 741 | ||
San Diego Gas & Electric Co. | 5.350% | 4/1/53 | 2,820 | 2,728 | ||
Sempra | 3.800% | 2/1/38 | 3,682 | 3,020 | ||
Sempra | 6.000% | 10/15/39 | 2,789 | 2,815 | ||
Sempra | 4.000% | 2/1/48 | 3,069 | 2,383 | ||
2 | Sierra Pacific Power Co. | 5.900% | 3/15/54 | 1,102 | 1,126 | |
Southern California Edison Co. | 6.000% | 1/15/34 | 502 | 523 | ||
Southern California Edison Co. | 5.200% | 6/1/34 | 1,645 | 1,609 | ||
1 | Southern California Edison Co. | 5.750% | 4/1/35 | 1,369 | 1,385 | |
1 | Southern California Edison Co. | 5.350% | 7/15/35 | 1,210 | 1,204 | |
Southern California Edison Co. | 5.625% | 2/1/36 | 949 | 949 | ||
1 | Southern California Edison Co. | 5.550% | 1/15/37 | 1,237 | 1,231 | |
1 | Southern California Edison Co. | 5.950% | 2/1/38 | 1,996 | 2,045 | |
Southern California Edison Co. | 6.050% | 3/15/39 | 672 | 692 | ||
Southern California Edison Co. | 5.500% | 3/15/40 | 3,012 | 2,975 | ||
Southern California Edison Co. | 4.500% | 9/1/40 | 896 | 783 | ||
Southern California Edison Co. | 4.050% | 3/15/42 | 1,267 | 1,041 | ||
1 | Southern California Edison Co. | 3.900% | 3/15/43 | 1,456 | 1,151 | |
Southern California Edison Co. | 4.650% | 10/1/43 | 2,663 | 2,331 | ||
1 | Southern California Edison Co. | 3.600% | 2/1/45 | 1,232 | 912 | |
Southern California Edison Co. | 4.000% | 4/1/47 | 8,647 | 6,726 | ||
1 | Southern California Edison Co. | 4.125% | 3/1/48 | 7,156 | 5,709 | |
1 | Southern California Edison Co. | 4.875% | 3/1/49 | 1,756 | 1,559 | |
Southern California Edison Co. | 3.650% | 2/1/50 | 4,415 | 3,230 | ||
1 | Southern California Edison Co. | 2.950% | 2/1/51 | 1,656 | 1,060 | |
1 | Southern California Edison Co. | 3.650% | 6/1/51 | 1,100 | 804 | |
Southern California Edison Co. | 3.450% | 2/1/52 | 2,379 | 1,657 | ||
1 | Southern California Edison Co. | 5.450% | 6/1/52 | 946 | 907 | |
Southern California Edison Co. | 5.700% | 3/1/53 | 1,347 | 1,336 | ||
Southern California Edison Co. | 5.875% | 12/1/53 | 2,440 | 2,479 | ||
3 | Southern California Edison Co. | 5.750% | 4/15/54 | 1,725 | 1,714 | |
Southern California Gas Co. | 5.125% | 11/15/40 | 632 | 604 | ||
Southern California Gas Co. | 3.750% | 9/15/42 | 1,067 | 841 | ||
1 | Southern California Gas Co. | 4.125% | 6/1/48 | 1,128 | 912 | |
1 | Southern California Gas Co. | 4.300% | 1/15/49 | 3,359 | 2,753 | |
1 | Southern California Gas Co. | 3.950% | 2/15/50 | 845 | 651 | |
Southern California Gas Co. | 6.350% | 11/15/52 | 2,115 | 2,317 | ||
Southern California Gas Co. | 5.750% | 6/1/53 | 1,793 | 1,810 | ||
Southern Co. | 5.700% | 3/15/34 | 1,300 | 1,325 | ||
Southern Co. | 4.250% | 7/1/36 | 1,709 | 1,509 | ||
Southern Co. | 4.400% | 7/1/46 | 6,397 | 5,395 | ||
Southern Co. Gas Capital Corp. | 5.875% | 3/15/41 | 868 | 868 | ||
Southern Co. Gas Capital Corp. | 4.400% | 6/1/43 | 1,656 | 1,375 | ||
Southern Co. Gas Capital Corp. | 3.950% | 10/1/46 | 1,325 | 1,007 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Southern Co. Gas Capital Corp. | 4.400% | 5/30/47 | 2,843 | 2,307 | ||
Southern Power Co. | 5.150% | 9/15/41 | 1,961 | 1,809 | ||
Southern Power Co. | 5.250% | 7/15/43 | 395 | 366 | ||
1 | Southern Power Co. | 4.950% | 12/15/46 | 1,323 | 1,162 | |
Southwest Gas Corp. | 3.800% | 9/29/46 | 1,319 | 964 | ||
Southwest Gas Corp. | 4.150% | 6/1/49 | 976 | 746 | ||
Southwestern Electric Power Co. | 6.200% | 3/15/40 | 992 | 1,026 | ||
1 | Southwestern Electric Power Co. | 3.900% | 4/1/45 | 818 | 628 | |
1 | Southwestern Electric Power Co. | 3.850% | 2/1/48 | 1,801 | 1,321 | |
Southwestern Electric Power Co. | 3.250% | 11/1/51 | 1,261 | 825 | ||
Southwestern Public Service Co. | 4.500% | 8/15/41 | 1,160 | 984 | ||
Southwestern Public Service Co. | 3.400% | 8/15/46 | 832 | 579 | ||
Southwestern Public Service Co. | 3.700% | 8/15/47 | 1,720 | 1,230 | ||
1 | Southwestern Public Service Co. | 4.400% | 11/15/48 | 1,127 | 918 | |
Southwestern Public Service Co. | 3.750% | 6/15/49 | 1,083 | 786 | ||
1 | Southwestern Public Service Co. | 3.150% | 5/1/50 | 1,920 | 1,237 | |
Spire Missouri Inc. | 3.300% | 6/1/51 | 990 | 670 | ||
Tampa Electric Co. | 4.100% | 6/15/42 | 960 | 788 | ||
Tampa Electric Co. | 4.300% | 6/15/48 | 903 | 742 | ||
Tampa Electric Co. | 4.450% | 6/15/49 | 1,097 | 923 | ||
Tampa Electric Co. | 3.625% | 6/15/50 | 2,071 | 1,504 | ||
Tampa Electric Co. | 3.450% | 3/15/51 | 2,114 | 1,466 | ||
Tampa Electric Co. | 5.000% | 7/15/52 | 1,300 | 1,185 | ||
Toledo Edison Co. | 6.150% | 5/15/37 | 1,124 | 1,183 | ||
Tucson Electric Power Co. | 4.850% | 12/1/48 | 865 | 767 | ||
Tucson Electric Power Co. | 4.000% | 6/15/50 | 873 | 668 | ||
Tucson Electric Power Co. | 5.500% | 4/15/53 | 1,625 | 1,591 | ||
Union Electric Co. | 5.300% | 8/1/37 | 1,853 | 1,846 | ||
Union Electric Co. | 3.900% | 9/15/42 | 1,515 | 1,228 | ||
Union Electric Co. | 3.650% | 4/15/45 | 269 | 204 | ||
Union Electric Co. | 4.000% | 4/1/48 | 3,785 | 2,978 | ||
Union Electric Co. | 3.250% | 10/1/49 | 996 | 680 | ||
Union Electric Co. | 2.625% | 3/15/51 | 2,255 | 1,362 | ||
Union Electric Co. | 3.900% | 4/1/52 | 3,757 | 2,924 | ||
Union Electric Co. | 5.450% | 3/15/53 | 1,225 | 1,199 | ||
1 | Virginia Electric & Power Co. | 6.000% | 1/15/36 | 1,047 | 1,090 | |
1 | Virginia Electric & Power Co. | 6.000% | 5/15/37 | 1,806 | 1,872 | |
Virginia Electric & Power Co. | 6.350% | 11/30/37 | 1,467 | 1,565 | ||
Virginia Electric & Power Co. | 8.875% | 11/15/38 | 2,370 | 3,150 | ||
Virginia Electric & Power Co. | 4.000% | 1/15/43 | 1,079 | 884 | ||
1 | Virginia Electric & Power Co. | 4.650% | 8/15/43 | 2,288 | 2,024 | |
Virginia Electric & Power Co. | 4.450% | 2/15/44 | 3,312 | 2,846 | ||
1 | Virginia Electric & Power Co. | 4.200% | 5/15/45 | 3,536 | 2,920 | |
1 | Virginia Electric & Power Co. | 4.000% | 11/15/46 | 1,792 | 1,421 | |
Virginia Electric & Power Co. | 4.600% | 12/1/48 | 1,517 | 1,313 | ||
Virginia Electric & Power Co. | 3.300% | 12/1/49 | 2,437 | 1,711 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
Virginia Electric & Power Co. | 2.450% | 12/15/50 | 595 | 345 | ||
Virginia Electric & Power Co. | 2.950% | 11/15/51 | 2,288 | 1,470 | ||
1 | Virginia Electric & Power Co. | 4.625% | 5/15/52 | 6,111 | 5,259 | |
Virginia Electric & Power Co. | 5.450% | 4/1/53 | 2,960 | 2,896 | ||
Virginia Electric & Power Co. | 5.700% | 8/15/53 | 710 | ��� 717 | ||
1 | Washington Gas Light Co. | 3.796% | 9/15/46 | 2,073 | 1,529 | |
1 | Washington Gas Light Co. | 3.650% | 9/15/49 | 1,413 | 1,041 | |
Wisconsin Electric Power Co. | 5.700% | 12/1/36 | 1,073 | 1,102 | ||
Wisconsin Electric Power Co. | 4.300% | 10/15/48 | 1,347 | 1,130 | ||
Wisconsin Power & Light Co. | 6.375% | 8/15/37 | 1,419 | 1,519 | ||
Wisconsin Power & Light Co. | 3.650% | 4/1/50 | 748 | 546 | ||
Wisconsin Public Service Corp. | 3.671% | 12/1/42 | 796 | 621 | ||
Wisconsin Public Service Corp. | 4.752% | 11/1/44 | 1,963 | 1,788 | ||
Wisconsin Public Service Corp. | 3.300% | 9/1/49 | 970 | 679 | ||
Wisconsin Public Service Corp. | 2.850% | 12/1/51 | 1,863 | 1,176 | ||
Xcel Energy Inc. | 6.500% | 7/1/36 | 1,289 | 1,387 | ||
Xcel Energy Inc. | 3.500% | 12/1/49 | 2,464 | 1,719 | ||
966,131 | ||||||
Total Corporate Bonds (Cost $8,477,427) | 7,459,261 | |||||
Shares | ||||||
Temporary Cash Investments (0.1%) | ||||||
Money Market Fund (0.1%) | ||||||
5 | Vanguard Market Liquidity Fund (Cost $11,984) | 5.400% | 119,858 | 11,985 | ||
Total Investments (98.3%) (Cost $8,503,177) | 7,485,025 | |||||
Other Assets and Liabilities—Net (1.7%) | 125,585 | |||||
Net Assets (100%) | 7,610,610 |
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 29, 2024, the aggregate value was $67,668,000, representing 0.9% 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 29, 2024. |
4 | Securities with a value of $2,130,000 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. | |
REIT—Real Estate Investment Trust. |
Futures Contracts | ||||
($000) | ||||
Expiration | Number of Long (Short) Contracts | Notional Amount | Value and Unrealized Appreciation (Depreciation) | |
Long Futures Contracts | ||||
Ultra 10-Year U.S. Treasury Note | June 2024 | 193 | 22,035 | 33 |
Ultra Long U.S. Treasury Bond | June 2024 | 74 | 9,463 | (17) |
16 | ||||
Short Futures Contracts | ||||
Long U.S. Treasury Bond | June 2024 | (203) | (24,208) | 6 |
22 |
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 Purchased | ||||||
CDX-NA-IG-S41-V1 | 12/20/28 | USD | 50,000 | (1.000) | (1,126) | (103) |
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 $8,491,193) | 7,473,040 |
Affiliated Issuers (Cost $11,984) | 11,985 |
Total Investments in Securities | 7,485,025 |
Investment in Vanguard | 229 |
Cash Collateral Received for ETF Capital Activity | 22,369 |
Receivables for Investment Securities Sold | 155,736 |
Receivables for Accrued Income | 109,442 |
Receivables for Capital Shares Issued | 1,404 |
Total Assets | 7,774,205 |
Liabilities | |
Due to Custodian | 276 |
Payables for Investment Securities Purchased | 139,599 |
Collateral for ETF Capital Activity | 22,369 |
Payables for Capital Shares Redeemed | 525 |
Payables for Distributions | 466 |
Payables to Vanguard | 116 |
Variation Margin Payable—Futures Contracts | 236 |
Variation Margin Payable—Centrally Cleared Swap Contracts | 8 |
Total Liabilities | 163,595 |
Net Assets | 7,610,610 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 9,112,542 |
Total Distributable Earnings (Loss) | (1,501,932) |
Net Assets | 7,610,610 |
ETF Shares—Net Assets | |
Applicable to 88,854,242 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 6,842,124 |
Net Asset Value Per Share—ETF Shares | $77.00 |
Admiral Shares—Net Assets | |
Applicable to 17,032,390 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 351,118 |
Net Asset Value Per Share—Admiral Shares | $20.61 |
Institutional Shares—Net Assets | |
Applicable to 16,316,999 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 417,368 |
Net Asset Value Per Share—Institutional Shares | $25.58 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 178,277 |
Total Income | 178,277 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 74 |
Management and Administrative—ETF Shares | 852 |
Management and Administrative—Admiral Shares | 97 |
Management and Administrative—Institutional Shares | 88 |
Marketing and Distribution—ETF Shares | 164 |
Marketing and Distribution—Admiral Shares | 9 |
Marketing and Distribution—Institutional Shares | 6 |
Custodian Fees | 60 |
Shareholders’ Reports—ETF Shares | 80 |
Shareholders’ Reports—Admiral Shares | 2 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 3 |
Other Expenses | 11 |
Total Expenses | 1,446 |
Net Investment Income | 176,831 |
Realized Net Gain (Loss) | |
Investment Securities Sold1,2 | (132,084) |
Futures Contracts | (1,386) |
Swap Contracts | 100 |
Realized Net Gain (Loss) | (133,370) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 214,807 |
Futures Contracts | (95) |
Swap Contracts | (103) |
Change in Unrealized Appreciation (Depreciation) | 214,609 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 258,070 |
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 $611,000, $7,000, less than $1,000, and ($1,000), respectively. Purchases and sales are for temporary cash investment purposes. |
2 | Includes ($36,855,000) of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 176,831 | 284,027 | |
Realized Net Gain (Loss) | (133,370) | (412,283) | |
Change in Unrealized Appreciation (Depreciation) | 214,609 | 56,700 | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 258,070 | (71,556) | |
Distributions | |||
ETF Shares | (157,588) | (245,908) | |
Admiral Shares | (8,440) | (13,799) | |
Institutional Shares | (10,497) | (15,296) | |
Total Distributions | (176,525) | (275,003) | |
Capital Share Transactions | |||
ETF Shares | 521,278 | 2,016,670 | |
Admiral Shares | 27,795 | 63,314 | |
Institutional Shares | (4,580) | 169,337 | |
Net Increase (Decrease) from Capital Share Transactions | 544,493 | 2,249,321 | |
Total Increase (Decrease) | 626,038 | 1,902,762 | |
Net Assets | |||
Beginning of Period | 6,984,572 | 5,081,810 | |
End of Period | 7,610,610 | 6,984,572 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $75.91 | $80.54 | $108.31 | $107.01 | $102.86 | $88.35 |
Investment Operations | ||||||
Net Investment Income1 | 1.924 | 3.692 | 3.286 | 3.294 | 3.701 | 3.936 |
Net Realized and Unrealized Gain (Loss) on Investments2 | 1.109 | (4.727) | (27.794) | 1.288 | 4.189 | 14.458 |
Total from Investment Operations | 3.033 | (1.035) | (24.508) | 4.582 | 7.890 | 18.394 |
Distributions | ||||||
Dividends from Net Investment Income | (1.943) | (3.595) | (3.262) | (3.282) | (3.740) | (3.884) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (1.943) | (3.595) | (3.262) | (3.282) | (3.740) | (3.884) |
Net Asset Value, End of Period | $77.00 | $75.91 | $80.54 | $108.31 | $107.01 | $102.86 |
Total Return | 4.10% | -1.27% | -23.06% | 4.39% | 7.90% | 21.60% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $6,842 | $6,252 | $4,545 | $5,517 | $5,214 | $4,074 |
Ratio of Total Expenses to Average Net Assets | 0.04% | 0.04%3 | 0.04%3 | 0.04% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 5.14% | 4.79% | 3.47% | 3.10% | 3.60% | 4.36% |
Portfolio Turnover Rate4 | 14% | 33% | 31% | 36% | 62% | 47% |
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, $.05, $.01, $.03, $.00, and $.00. |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $20.32 | $21.56 | $29.03 | $28.68 | $27.55 | $23.65 |
Investment Operations | ||||||
Net Investment Income1 | .514 | .984 | .875 | .877 | .988 | 1.053 |
Net Realized and Unrealized Gain (Loss) on Investments2 | .291 | (1.260) | (7.473) | .345 | 1.125 | 3.895 |
Total from Investment Operations | .805 | (.276) | (6.598) | 1.222 | 2.113 | 4.948 |
Distributions | ||||||
Dividends from Net Investment Income | (.515) | (.964) | (.872) | (.872) | (.983) | (1.048) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.515) | (.964) | (.872) | (.872) | (.983) | (1.048) |
Net Asset Value, End of Period | $20.61 | $20.32 | $21.56 | $29.03 | $28.68 | $27.55 |
Total Return3 | 4.06% | -1.25% | -23.10% | 4.37% | 7.87% | 21.64% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $351 | $319 | $272 | $314 | $320 | $256 |
Ratio of Total Expenses to Average Net Assets | 0.07% | 0.07%4 | 0.07%4 | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 5.12% | 4.75% | 3.44% | 3.08% | 3.58% | 4.34% |
Portfolio Turnover Rate5 | 14% | 33% | 31% | 36% | 62% | 47% |
The expense ratio and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Includes increases from purchase fees of $.00, $.01, $.00, $.01, $.00, and $.00. |
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 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $25.21 | $26.76 | $36.02 | $35.59 | $34.18 | $29.36 |
Investment Operations | ||||||
Net Investment Income1 | .640 | 1.227 | 1.092 | 1.095 | 1.250 | 1.314 |
Net Realized and Unrealized Gain (Loss) on Investments2 | .371 | (1.575) | (9.264) | .425 | 1.387 | 4.812 |
Total from Investment Operations | 1.011 | (.348) | (8.172) | 1.520 | 2.637 | 6.126 |
Distributions | ||||||
Dividends from Net Investment Income | (.641) | (1.202) | (1.088) | (1.090) | (1.227) | (1.306) |
Distributions from Realized Capital Gains | — | — | — | — | — | — |
Total Distributions | (.641) | (1.202) | (1.088) | (1.090) | (1.227) | (1.306) |
Net Asset Value, End of Period | $25.58 | $25.21 | $26.76 | $36.02 | $35.59 | $34.18 |
Total Return3 | 4.11% | -1.28% | -23.05% | 4.37% | 7.91% | 21.58% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $417 | $414 | $264 | $340 | $268 | $541 |
Ratio of Total Expenses to Average Net Assets | 0.05% | 0.05%4 | 0.05%4 | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 5.14% | 4.78% | 3.46% | 3.09% | 3.68% | 4.36% |
Portfolio Turnover Rate5 | 14% | 33% | 31% | 36% | 62% | 47% |
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, $.02, $.00, $.01, $.00, and $.00. |
3 | Total returns do not include transaction fees that may have applied in the periods shown. Fund prospectuses provide information about any applicable transaction fees. |
4 | 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 | — | 13,779 | — | 13,779 |
Corporate Bonds | — | 7,459,261 | — | 7,459,261 |
Temporary Cash Investments | 11,985 | — | — | 11,985 |
Total | 11,985 | 7,473,040 | — | 7,485,025 |
Derivative Financial Instruments | ||||
Assets | ||||
Futures Contracts1 | 39 | — | — | 39 |
Liabilities | ||||
Futures Contracts1 | 17 | — | — | 17 |
Swap Contracts | 1031 | — | — | 103 |
Total | 120 | — | — | 120 |
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—Futures Contracts1 | 39 | — | 39 |
Total Assets | 39 | — | 39 |
Unrealized Depreciation—Futures Contracts1 | 17 | — | 17 |
Unrealized Depreciation—Centrally Cleared Swap Contracts1 | — | 103 | 103 |
Total Liabilities | 17 | 103 | 120 |
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 | (1,386) | — | (1,386) |
Swap Contracts | — | 100 | 100 |
Realized Net Gain (Loss) on Derivatives | (1,386) | 100 | (1,286) |
Change in Unrealized Appreciation (Depreciation) on Derivatives | |||
Futures Contracts | (95) | — | (95) |
Swap Contracts | — | (103) | (103) |
Change in Unrealized Appreciation (Depreciation) on Derivatives | (95) | (103) | (198) |
Amount ($000) | |
Tax Cost | 8,512,658 |
Gross Unrealized Appreciation | 35,451 |
Gross Unrealized Depreciation | (1,063,165) |
Net Unrealized Appreciation (Depreciation) | (1,027,714) |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued1 | 3,869,9692 | 51,2022 | 5,230,203 | 67,719 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (3,348,691)2 | (44,700)2 | (3,213,533) | (41,800) | |
Net Increase (Decrease)—ETF Shares | 521,278 | 6,502 | 2,016,670 | 25,919 | |
Admiral Shares | |||||
Issued1 | 58,159 | 2,844 | 99,670 | 4,826 | |
Issued in Lieu of Cash Distributions | 5,361 | 266 | 8,810 | 427 | |
Redeemed | (35,725) | (1,770) | (45,166) | (2,186) | |
Net Increase (Decrease)—Admiral Shares | 27,795 | 1,340 | 63,314 | 3,067 | |
Institutional Shares | |||||
Issued1 | 5,513 | 251 | 169,574 | 6,552 | |
Issued in Lieu of Cash Distributions | 10,497 | 422 | 15,296 | 596 | |
Redeemed | (20,590) | (787) | (15,533) | (597) | |
Net Increase (Decrease)—Institutional Shares | (4,580) | (114) | 169,337 | 6,551 |
1 | Includes purchase fees for fiscal 2024 and 2023 of $682,000 and $3,492,000, respectively (fund totals). |
2 | Includes unsettled in-kind transactions as of February 29, 2024 for 700,000 issued shares and 500,000 redeemed shares valued at $38,449,000 and $53,243,000, respectively, which settled shortly afterwards. |
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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 29, 2024 | |||
Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period | |
Based on Actual Fund Return | |||
Mortgage-Backed Securities Index Fund | |||
ETF Shares | $1,000.00 | $1,020.60 | $0.20 |
Admiral™ Shares | 1,000.00 | 1,019.90 | 0.35 |
Institutional Shares | 1,000.00 | 1,020.60 | 0.25 |
Based on Hypothetical 5% Yearly Return | |||
Mortgage-Backed Securities Index Fund | |||
ETF Shares | $1,000.00 | $1,024.66 | $0.20 |
Admiral Shares | 1,000.00 | 1,024.51 | 0.35 |
Institutional Shares | 1,000.00 | 1,024.61 | 0.25 |
0 - 10 Years | 1.8% |
10 - 20 Years | 14.1 |
20 - 30 Years | 82.9 |
30 - 40 Years | 1.2 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
U.S. Government and Agency Obligations (99.4%) | ||||||
Conventional Mortgage-Backed Securities (99.4%) | ||||||
1,2 | Freddie Mac Gold Pool | 2.000% | 1/1/28–12/1/31 | 3,518 | 3,267 | |
1,2 | Freddie Mac Gold Pool | 2.500% | 4/1/27–3/1/37 | 54,100 | 50,450 | |
1,2 | Freddie Mac Gold Pool | 3.000% | 1/1/26–6/1/49 | 197,442 | 177,484 | |
1,2 | Freddie Mac Gold Pool | 3.500% | 9/1/25–2/1/49 | 199,182 | 182,149 | |
1,2 | Freddie Mac Gold Pool | 4.000% | 3/1/24–6/1/49 | 150,052 | 141,662 | |
1,2 | Freddie Mac Gold Pool | 4.500% | 4/1/24–11/1/48 | 61,667 | 59,849 | |
1,2 | Freddie Mac Gold Pool | 5.000% | 5/1/24–11/1/48 | 18,602 | 18,628 | |
1,2 | Freddie Mac Gold Pool | 5.500% | 10/1/26–6/1/41 | 16,565 | 16,855 | |
1,2 | Freddie Mac Gold Pool | 6.000% | 11/1/28–5/1/40 | 9,082 | 9,364 | |
1,2 | Freddie Mac Gold Pool | 7.000% | 7/1/28–12/1/38 | 76 | 79 | |
1 | Ginnie Mae I Pool | 2.500% | 6/15/27–6/15/28 | 94 | 88 | |
1 | Ginnie Mae I Pool | 3.000% | 1/15/26–8/15/43 | 9,801 | 8,705 | |
1 | Ginnie Mae I Pool | 3.500% | 2/15/26–9/15/49 | 18,988 | 17,750 | |
1 | Ginnie Mae I Pool | 4.000% | 7/15/24–6/15/49 | 13,459 | 12,728 | |
1 | Ginnie Mae I Pool | 4.500% | 8/15/33–7/15/49 | 18,071 | 17,595 | |
1 | Ginnie Mae I Pool | 5.000% | 3/15/34–4/15/41 | 7,591 | 7,644 | |
1 | Ginnie Mae I Pool | 6.500% | 10/15/28–1/15/39 | 50 | 50 | |
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 | 18,186 | 14,010 | |
1,3,4 | Ginnie Mae II Pool | 2.000% | 8/20/50–3/15/54 | 729,530 | 594,513 | |
1,4 | Ginnie Mae II Pool | 2.500% | 6/20/27–3/15/54 | 737,535 | 625,160 | |
1,4 | Ginnie Mae II Pool | 3.000% | 10/20/26–3/15/54 | 735,090 | 649,991 | |
1,4 | Ginnie Mae II Pool | 3.500% | 12/20/25–3/15/54 | 562,279 | 514,833 | |
1,4 | Ginnie Mae II Pool | 4.000% | 9/20/25–3/15/54 | 400,354 | 376,585 | |
1,4 | Ginnie Mae II Pool | 4.500% | 2/20/39–3/15/54 | 379,598 | 365,153 | |
1,4 | Ginnie Mae II Pool | 5.000% | 2/20/39–3/15/54 | 395,827 | 388,056 | |
1,4 | Ginnie Mae II Pool | 5.500% | 2/20/49–3/15/54 | 344,474 | 342,791 | |
1,4 | Ginnie Mae II Pool | 6.000% | 12/20/52–3/15/54 | 271,485 | 273,548 | |
1,4 | Ginnie Mae II Pool | 6.500% | 10/20/28–3/15/54 | 164,235 | 167,057 | |
1,4 | Ginnie Mae II Pool | 7.000% | 4/20/38–3/15/54 | 57,132 | 58,400 | |
1 | Ginnie Mae II Pool | 7.500% | 12/20/53 | 5,666 | 5,825 | |
1,2 | UMBS Pool | 1.500% | 7/1/35–4/1/52 | 963,463 | 766,844 | |
1,2,4 | UMBS Pool | 2.000% | 11/1/27–3/25/54 | 3,998,991 | 3,236,634 | |
1,2,4 | UMBS Pool | 2.500% | 3/1/27–3/25/54 | 2,828,772 | 2,374,375 | |
1,2,4 | UMBS Pool | 3.000% | 10/1/26–3/25/54 | 1,773,763 | 1,551,079 | |
1,2,4 | UMBS Pool | 3.500% | 8/1/25–3/25/54 | 1,130,154 | 1,024,080 | |
1,2,4 | UMBS Pool | 4.000% | 4/1/24–3/25/54 | 921,643 | 861,492 | |
1,2,4 | UMBS Pool | 4.500% | 6/1/25–3/25/54 | 758,907 | 725,542 | |
1,2,4 | UMBS Pool | 5.000% | 7/1/24–3/25/54 | 848,124 | 827,977 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1,2,4 | UMBS Pool | 5.500% | 11/1/24–3/25/54 | 830,752 | 825,955 | |
1,2,4 | UMBS Pool | 6.000% | 12/1/25–3/25/54 | 664,317 | 670,889 | |
1,2,4 | UMBS Pool | 6.500% | 11/1/52–3/25/54 | 452,572 | 462,641 | |
1,2,4 | UMBS Pool | 7.000% | 10/1/33–3/25/54 | 134,553 | 138,678 | |
1,2 | UMBS Pool | 7.500% | 11/1/53–1/1/54 | 14,454 | 14,960 | |
18,581,416 | ||||||
Nonconventional Mortgage-Backed Securities (0.0%) | ||||||
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.290% | 5.152% | 12/1/41 | 15 | 15 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.310% | 5.560% | 9/1/37 | 8 | 8 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.475% | 5.554% | 3/1/43 | 72 | 72 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.527% | 5.777% | 10/1/37 | 16 | 16 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.560% | 6.804% | 7/1/43 | 139 | 143 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.596% | 5.671% | 6/1/43 | 17 | 18 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.627% | 6.127% | 3/1/38 | 1 | 1 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.672% | 5.854% | 10/1/42 | 25 | 25 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.690% | 5.940% | 10/1/39–9/1/42 | 101 | 104 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.699% | 5.868% | 8/1/39 | 15 | 15 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.700% | 5.950% | 12/1/40 | 26 | 27 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.742% | 5.320% | 5/1/42 | 7 | 8 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.774% | 5.878% | 5/1/42 | 6 | 6 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.794% | 5.723% | 3/1/42 | 15 | 16 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.795% | 6.100% | 8/1/42 | 34 | 36 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.796% | 5.966% | 11/1/39 | 4 | 4 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.805% | 6.055% | 11/1/41 | 22 | 22 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.807% | 6.198% | 3/1/41 | 21 | 21 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.810% | 6.060% | 10/1/40–12/1/40 | 1 | 2 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.813% | 6.063% | 11/1/41–1/1/42 | 19 | 19 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.815% | 5.451% | 5/1/41 | 11 | 11 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.815% | 6.065% | 11/1/40–12/1/41 | 21 | 22 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.830% | 5.749% | 2/1/42 | 21 | 21 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.830% | 6.308% | 4/1/41 | 15 | 16 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.835% | 5.210% | 5/1/40 | 1 | 1 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.836% | 6.143% | 2/1/41 | 1 | 1 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.839% | 6.089% | 12/1/39 | 32 | 32 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.862% | 6.061% | 9/1/40 | 14 | 15 | |
1,2,5 | Fannie Mae Pool, RFUCCT1Y + 1.914% | 5.289% | 4/1/37 | 3 | 3 | |
1,2,5 | Freddie Mac Non Gold Pool, RFUCCT1Y + 1.640% | 5.890% | 11/1/43 | 38 | 39 | |
1,2,5 | Freddie Mac Non Gold Pool, RFUCCT1Y + 1.660% | 5.910% | 10/1/37 | 2 | 2 | |
1,2,5 | Freddie Mac Non Gold Pool, RFUCCT1Y + 1.695% | 5.163% | 2/1/37 | 8 | 8 | |
1,2,5 | Freddie Mac Non Gold Pool, RFUCCT1Y + 1.745% | 5.995% | 12/1/40 | 5 | 5 | |
1,2,5 | Freddie Mac Non Gold Pool, RFUCCT1Y + 1.840% | 6.138% | 2/1/42 | 6 | 6 | |
1,2,5 | Freddie Mac Non Gold Pool, RFUCCT1Y + 1.880% | 5.848% | 6/1/41 | 10 | 10 | |
1,2,5 | Freddie Mac Non Gold Pool, RFUCCT1Y + 1.881% | 5.598% | 6/1/40 | 3 | 3 | |
1,2,5 | Freddie Mac Non Gold Pool, RFUCCT1Y + 1.895% | 6.145% | 9/1/40 | 5 | 5 | |
1,2,5 | Freddie Mac Non Gold Pool, RFUCCT1Y + 1.896% | 6.145% | 12/1/39 | 2 | 3 | |
1,2,5 | Freddie Mac Non Gold Pool, RFUCCT1Y + 1.900% | 6.150% | 6/1/40 | 1 | 1 |
Coupon | Maturity Date | Face Amount ($000) | Market Value• ($000) | |||
1,2,5 | Freddie Mac Non Gold Pool, RFUCCT1Y + 1.910% | 4.723% | 2/1/41 | 22 | 23 | |
1,2,5 | Freddie Mac Non Gold Pool, RFUCCT1Y + 2.085% | 4.585% | 3/1/38 | 4 | 5 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 1.500% | 3.625% | 1/20/41–8/20/41 | 119 | 116 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 1.500% | 3.750% | 11/20/40–12/20/42 | 98 | 97 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 1.500% | 3.875% | 4/20/41 | 2 | 2 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 2.000% | 4.375% | 5/20/41 | 1 | 1 | |
1,5 | Ginnie Mae II Pool, 1YR CMT + 2.000% | 6.250% | 11/20/40 | 2 | 2 | |
1,028 | ||||||
Total U.S. Government and Agency Obligations (Cost $20,452,626) | 18,582,444 | |||||
Shares | ||||||
Temporary Cash Investments (1.7%) | ||||||
Money Market Fund (1.7%) | ||||||
6 | Vanguard Market Liquidity Fund (Cost $321,171) | 5.400% | 3,212,123 | 321,181 | ||
Total Investments (101.1%) (Cost $20,773,797) | 18,903,625 | |||||
Other Assets and Liabilities—Net (-1.1%) | (210,601) | |||||
Net Assets (100%) | 18,693,024 |
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 $303,000 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 29, 2024. |
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. |
1YR—1-year. | |
CMT—Constant Maturing Treasury Rate. | |
RFUCCT1Y—Refinitiv USD IBOR Consumer Cash Fallbacks Term 1-year. | |
UMBS—Uniform Mortgage-Backed Securities. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value | |
Unaffiliated Issuers (Cost $20,452,626) | 18,582,444 |
Affiliated Issuers (Cost $321,171) | 321,181 |
Total Investments in Securities | 18,903,625 |
Investment in Vanguard | 611 |
Cash | 210 |
Receivables for Investment Securities Sold | 268,549 |
Receivables for Accrued Income | 57,944 |
Receivables for Capital Shares Issued | 9,657 |
Total Assets | 19,240,596 |
Liabilities | |
Payables for Investment Securities Purchased | 544,701 |
Payables for Capital Shares Redeemed | 1,729 |
Payables for Distributions | 844 |
Payables to Vanguard | 298 |
Total Liabilities | 547,572 |
Net Assets | 18,693,024 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 21,071,487 |
Total Distributable Earnings (Loss) | (2,378,463) |
Net Assets | 18,693,024 |
ETF Shares—Net Assets | |
Applicable to 381,942,192 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 17,308,537 |
Net Asset Value Per Share—ETF Shares | $45.32 |
Admiral Shares—Net Assets | |
Applicable to 60,388,178 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 1,091,449 |
Net Asset Value Per Share—Admiral Shares | $18.07 |
Institutional Shares—Net Assets | |
Applicable to 11,965,560 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 293,038 |
Net Asset Value Per Share—Institutional Shares | $24.49 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Interest1 | 351,670 |
Total Income | 351,670 |
Expenses | |
The Vanguard Group—Note B | |
Investment Advisory Services | 192 |
Management and Administrative—ETF Shares | 2,278 |
Management and Administrative—Admiral Shares | 339 |
Management and Administrative—Institutional Shares | 57 |
Marketing and Distribution—ETF Shares | 377 |
Marketing and Distribution—Admiral Shares | 32 |
Marketing and Distribution—Institutional Shares | 5 |
Custodian Fees | 69 |
Shareholders’ Reports—ETF Shares | 485 |
Shareholders’ Reports—Admiral Shares | 23 |
Shareholders’ Reports—Institutional Shares | — |
Trustees’ Fees and Expenses | 7 |
Other Expenses | 8 |
Total Expenses | 3,872 |
Expenses Paid Indirectly | (2) |
Net Expenses | 3,870 |
Net Investment Income | 347,800 |
Realized Net Gain (Loss) | |
Investment Securities Sold1 | (127,852) |
Futures Contracts | (519) |
Realized Net Gain (Loss) | (128,371) |
Change in Unrealized Appreciation (Depreciation) | |
Investment Securities1 | 215,516 |
Futures Contracts | (231) |
Change in Unrealized Appreciation (Depreciation) | 215,285 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 434,714 |
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 $10,654,000, $48,000, $1,000, and ($51,000), respectively. Purchases and sales are for temporary cash investment purposes. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 347,800 | 510,492 | |
Realized Net Gain (Loss) | (128,371) | (297,152) | |
Change in Unrealized Appreciation (Depreciation) | 215,285 | (522,125) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 434,714 | (308,785) | |
Distributions | |||
ETF Shares | (313,556) | (450,787) | |
Admiral Shares | (21,704) | (36,725) | |
Institutional Shares | (5,070) | (6,820) | |
Total Distributions | (340,330) | (494,332) | |
Capital Share Transactions | |||
ETF Shares | 874,863 | 2,666,471 | |
Admiral Shares | (152,860) | 87,714 | |
Institutional Shares | 55,030 | 67,440 | |
Net Increase (Decrease) from Capital Share Transactions | 777,033 | 2,821,625 | |
Total Increase (Decrease) | 871,417 | 2,018,508 | |
Net Assets | |||
Beginning of Period | 17,821,607 | 15,803,099 | |
End of Period | 18,693,024 | 17,821,607 |
ETF Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $45.23 | $47.53 | $53.47 | $54.36 | $53.26 | $51.38 |
Investment Operations | ||||||
Net Investment Income1 | .842 | 1.424 | .842 | .581 | 1.197 | 1.564 |
Net Realized and Unrealized Gain (Loss) on Investments | .074 | (2.344) | (5.995) | (.768) | 1.146 | 1.859 |
Total from Investment Operations | .916 | (.920) | (5.153) | (.187) | 2.343 | 3.423 |
Distributions | ||||||
Dividends from Net Investment Income | (.826) | (1.380) | (.787) | (.594) | (1.243) | (1.543) |
Distributions from Realized Capital Gains | — | — | — | (.109) | — | — |
Total Distributions | (.826) | (1.380) | (.787) | (.703) | (1.243) | (1.543) |
Net Asset Value, End of Period | $45.32 | $45.23 | $47.53 | $53.47 | $54.36 | $53.26 |
Total Return | 2.06% | -1.94% | -9.71% | -0.35% | 4.45% | 6.80% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $17,309 | $16,343 | $14,405 | $15,055 | $11,643 | $10,316 |
Ratio of Total Expenses to Average Net Assets | 0.04%2 | 0.04%2 | 0.04%2 | 0.04% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 3.78% | 3.10% | 1.67% | 1.08% | 2.22% | 3.01% |
Portfolio Turnover Rate3 | 47% | 101% | 170% | 316% | 218% | 190% |
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 36%, 80%, 113%, 237%, 11%, and 34%, respectively, attributable to mortgage-dollar-roll activity. |
Admiral Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $18.05 | $18.98 | $21.37 | $21.72 | $21.26 | $20.51 |
Investment Operations | ||||||
Net Investment Income1 | .334 | .563 | .328 | .211 | .470 | .622 |
Net Realized and Unrealized Gain (Loss) on Investments | .020 | (.934) | (2.391) | (.292) | .463 | .742 |
Total from Investment Operations | .354 | (.371) | (2.063) | (.081) | .933 | 1.364 |
Distributions | ||||||
Dividends from Net Investment Income | (.334) | (.559) | (.327) | (.225) | (.473) | (.614) |
Distributions from Realized Capital Gains | — | — | — | (.044) | — | — |
Total Distributions | (.334) | (.559) | (.327) | (.269) | (.473) | (.614) |
Net Asset Value, End of Period | $18.07 | $18.05 | $18.98 | $21.37 | $21.72 | $21.26 |
Total Return2 | 1.99% | -1.96% | -9.72% | -0.38% | 4.43% | 6.77% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $1,091 | $1,242 | $1,219 | $1,419 | $1,159 | $841 |
Ratio of Total Expenses to Average Net Assets | 0.07%3 | 0.07%3 | 0.07%3 | 0.07% | 0.07% | 0.07% |
Ratio of Net Investment Income to Average Net Assets | 3.75% | 3.07% | 1.62% | 0.98% | 2.18% | 2.99% |
Portfolio Turnover Rate4 | 47% | 101% | 170% | 316% | 218% | 190% |
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 36%, 80%, 113%, 237%, 11%, and 34%, respectively, attributable to mortgage-dollar-roll activity. |
Institutional Shares | ||||||
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $24.45 | $25.72 | $28.96 | $29.44 | $28.81 | $27.79 |
Investment Operations | ||||||
Net Investment Income1 | .455 | .771 | .467 | .393 | .641 | .846 |
Net Realized and Unrealized Gain (Loss) on Investments | .040 | (1.278) | (3.258) | (.503) | .636 | 1.011 |
Total from Investment Operations | .495 | (.507) | (2.791) | (.110) | 1.277 | 1.857 |
Distributions | ||||||
Dividends from Net Investment Income | (.455) | (.763) | (.449) | (.311) | (.647) | (.837) |
Distributions from Realized Capital Gains | — | — | — | (.059) | — | — |
Total Distributions | (.455) | (.763) | (.449) | (.370) | (.647) | (.837) |
Net Asset Value, End of Period | $24.49 | $24.45 | $25.72 | $28.96 | $29.44 | $28.81 |
Total Return | 2.06% | -1.98% | -9.70% | -0.38% | 4.48% | 6.80% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $293 | $237 | $179 | $122 | $171 | $119 |
Ratio of Total Expenses to Average Net Assets | 0.05%2 | 0.05%2 | 0.05%2 | 0.05% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 3.77% | 3.10% | 1.71% | 1.35% | 2.20% | 3.01% |
Portfolio Turnover Rate3 | 47% | 101% | 170% | 316% | 218% | 190% |
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 36%, 80%, 113%, 237%, 11%, and 34%, 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 | — | 18,582,444 | — | 18,582,444 |
Temporary Cash Investments | 321,181 | — | — | 321,181 |
Total | 321,181 | 18,582,444 | — | 18,903,625 |
Amount ($000) | |
Tax Cost | 20,792,107 |
Gross Unrealized Appreciation | 50,392 |
Gross Unrealized Depreciation | (1,938,874) |
Net Unrealized Appreciation (Depreciation) | (1,888,482) |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||||
Amount ($000) | Shares (000) | Amount ($000) | Shares (000) | ||
ETF Shares | |||||
Issued | 1,706,889 | 39,057 | 3,283,280 | 71,834 | |
Issued in Lieu of Cash Distributions | — | — | — | — | |
Redeemed | (832,026) | (18,425) | (616,809) | (13,575) | |
Net Increase (Decrease)—ETF Shares | 874,863 | 20,632 | 2,666,471 | 58,259 | |
Admiral Shares | |||||
Issued | 162,132 | 9,005 | 507,368 | 27,567 | |
Issued in Lieu of Cash Distributions | 16,736 | 938 | 28,376 | 1,549 | |
Redeemed | (331,728) | (18,407) | (448,030) | (24,490) | |
Net Increase (Decrease)—Admiral Shares | (152,860) | (8,464) | 87,714 | 4,626 | |
Institutional Shares | |||||
Issued | 56,316 | 2,346 | 88,292 | 3,568 | |
Issued in Lieu of Cash Distributions | 4,928 | 203 | 6,744 | 272 | |
Redeemed | (6,214) | (260) | (27,596) | (1,116) | |
Net Increase (Decrease)—Institutional Shares | 55,030 | 2,289 | 67,440 | 2,724 |
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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 29, 2024 | |||
Total Corporate Bond ETF | Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $1,037.60 | $0.20 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.66 | 0.20 |
Vanguard Short-Term Corporate Bond ETF | 38.9% |
Vanguard Long-Term Corporate Bond ETF | 33.4 |
Vanguard Intermediate-Term Corporate Bond ETF | 27.7 |
Shares | Market Value• ($000) | |||||
Investment Companies (100.0%) | ||||||
U.S. Bond Funds (100.0%) | ||||||
Vanguard Short-Term Corporate Bond ETF | 4,812,367 | 370,696 | ||||
Vanguard Long-Term Corporate Bond ETF | 4,125,939 | 317,780 | ||||
Vanguard Intermediate-Term Corporate Bond ETF | 3,299,971 | 263,305 | ||||
Total Investment Companies (Cost $1,057,181) | 951,781 | |||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund, 5.400% (Cost $404) | 4,043 | 404 | |||
Total Investments (100.0%) (Cost $1,057,585) | 952,185 | |||||
Other Assets and Liabilities—Net (0.0%) | (50) | |||||
Net Assets (100%) | 952,135 |
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 $1,057,585) | 952,185 |
Receivables for Investment Securities Sold | 4,473 |
Receivables for Accrued Income | 2 |
Receivables for Capital Shares Issued | 1 |
Total Assets | 956,661 |
Liabilities | |
Due to Custodian | 4 |
Payables for Investment Securities Purchased | 4,522 |
Total Liabilities | 4,526 |
Net Assets | 952,135 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 1,080,026 |
Total Distributable Earnings (Loss) | (127,891) |
Net Assets | 952,135 |
Net Assets | |
Applicable to 12,540,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 952,135 |
Net Asset Value Per Share | $75.93 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Income Distributions Received from Affiliated Funds | 19,702 |
Net Investment Income—Note B | 19,702 |
Realized Net Gain (Loss) | |
Capital Gain Distributions Received from Affiliated Funds | — |
Affiliated Funds Sold1 | (7,855) |
Realized Net Gain (Loss) | (7,855) |
Change in Unrealized Appreciation (Depreciation) from Affiliated Funds | 9,799 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 21,646 |
1 | Includes ($5,332,000) of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 19,702 | 32,421 | |
Realized Net Gain (Loss) | (7,855) | (5,962) | |
Change in Unrealized Appreciation (Depreciation) | 9,799 | (6,108) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 21,646 | 20,351 | |
Distributions | |||
Total Distributions | (19,716) | (32,389) | |
Capital Share Transactions | |||
Issued | 147,325 | 686,441 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (380,282) | (70,310) | |
Net Increase (Decrease) from Capital Share Transactions | (232,957) | 616,131 | |
Total Increase (Decrease) | (231,027) | 604,093 | |
Net Assets | |||
Beginning of Period | 1,183,162 | 579,069 | |
End of Period | 952,135 | 1,183,162 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Net Asset Value, Beginning of Period | $74.74 | $76.60 | $92.55 | $92.62 | $89.19 | $81.59 |
Investment Operations | ||||||
Net Investment Income1 | 1.577 | 2.644 | 2.141 | 2.229 | 2.638 | 2.825 |
Capital Gain Distributions Received1 | .0002 | — | .237 | .053 | — | — |
Net Realized and Unrealized Gain (Loss) on Investments | 1.191 | (1.806) | (16.168) | (.131) | 3.614 | 7.717 |
Total from Investment Operations | 2.768 | .838 | (13.790) | 2.151 | 6.252 | 10.542 |
Distributions | ||||||
Dividends from Net Investment Income | (1.578) | (2.698) | (2.148) | (2.221) | (2.822) | (2.942) |
Distributions from Realized Capital Gains | — | — | (.012) | — | — | — |
Total Distributions | (1.578) | (2.698) | (2.160) | (2.221) | (2.822) | (2.942) |
Net Asset Value, End of Period | $75.93 | $74.74 | $76.60 | $92.55 | $92.62 | $89.19 |
Total Return | 3.76% | 1.13% | -15.11% | 2.37% | 7.18% | 13.29% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $952 | $1,183 | $579 | $695 | $619 | $203 |
Ratio of Total Expenses to Average Net Assets | — | — | — | — | — | — |
Acquired Fund Fees and Expenses | 0.04% | 0.04% | 0.04% | 0.04% | 0.05% | 0.05% |
Ratio of Net Investment Income to Average Net Assets | 4.25% | 3.52% | 2.52% | 2.43% | 2.94% | 3.38% |
Portfolio Turnover Rate3 | 4% | 10% | 14% | 10% | 40% | 12% |
The expense ratio, acquired fund fees and expenses, and net investment income ratio for the current period have been annualized. |
1 | Calculated based on average shares outstanding. |
2 | Distribution was less than $.001 per share. |
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. |
Amount ($000) | |
Tax Cost | 1,065,592 |
Gross Unrealized Appreciation | 1,958 |
Gross Unrealized Depreciation | (115,365) |
Net Unrealized Appreciation (Depreciation) | (113,407) |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
Shares (000) | Shares (000) | ||
Issued | 1,960 | 9,210 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (5,250) | (940) | |
Net Increase (Decrease) in Shares Outstanding | (3,290) | 8,270 |
Current Period Transactions | ||||||||
Aug. 31, 2023 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. 29, 2024 Market Value ($000) | |
Vanguard Intermediate-Term Corporate Bond ETF | 324,133 | 45,670 | 107,808 | (1,874) | 3,184 | 5,259 | — | 263,305 |
Vanguard Long-Term Corporate Bond ETF | 394,676 | 64,553 | 138,044 | (5,906) | 2,501 | 7,985 | — | 317,780 |
Vanguard Market Liquidity Fund | 486 | NA3 | NA3 | — | — | 11 | — | 404 |
Vanguard Short-Term Corporate Bond ETF | 463,868 | 71,563 | 168,774 | (75) | 4,114 | 6,447 | — | 370,696 |
Total | 1,183,163 | 181,786 | 414,626 | (7,855) | 9,799 | 19,702 | — | 952,185 |
1 | Includes $147,262,000 of portfolio securities received as a result of in-kind purchases of the fund’s capital shares. |
2 | Includes $380,181,000 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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Vanguard Marketing Corporation, Distributor.
• | Based on actual fund return. This section helps you to estimate the actual expenses that you paid over the period. The ”Ending Account Value“ shown is derived from the fund’s actual return, and the third column shows the dollar amount that would have been paid by an investor who started with $1,000 in the fund. You may use the information here, together with the amount you invested, to estimate the expenses that you paid over the period. |
• | Based on hypothetical 5% yearly return. This section is intended to help you compare your fund‘s costs with those of other mutual funds. It assumes that the fund had a yearly return of 5% before expenses, but that the expense ratio is unchanged. In this case—because the return used is not the fund’s actual return—the results do not apply to your investment. The example is useful in making comparisons because the Securities and Exchange Commission requires all mutual funds to calculate expenses based on a 5% return. You can assess your fund’s costs by comparing this hypothetical example with the hypothetical examples that appear in shareholder reports of other funds. |
Six Months Ended February 29, 2024 | |||
Total World Bond ETF | Beginning Account Value 8/31/2023 | Ending Account Value 2/29/2024 | Expenses Paid During Period |
Based on Actual Fund Return | $1,000.00 | $1,029.50 | $0.25 |
Based on Hypothetical 5% Yearly Return | 1,000.00 | 1,024.61 | 0.25 |
Vanguard Total Bond Market ETF | 51.2% |
Vanguard Total International Bond ETF | 48.8 |
Shares | Market Value• ($000) | |||||
Investment Companies (100.0%) | ||||||
U.S. Bond Fund (51.2%) | ||||||
Vanguard Total Bond Market ETF | 5,312,576 | 383,674 | ||||
International Bond Fund (48.8%) | ||||||
Vanguard Total International Bond ETF | 7,496,940 | 365,326 | ||||
Total Investment Companies (Cost $835,041) | 749,000 | |||||
Temporary Cash Investments (0.0%) | ||||||
Money Market Fund (0.0%) | ||||||
1 | Vanguard Market Liquidity Fund, 5.400% (Cost $114) | 1,140 | 114 | |||
Total Investments (100.0%) (Cost $835,155) | 749,114 | |||||
Other Assets and Liabilities—Net (0.0%) | 5 | |||||
Net Assets (100%) | 749,119 |
Cost is in $000. |
• | See Note A in Notes to Financial Statements. |
1 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
($000s, except shares, footnotes, and per-share amounts) | Amount |
Assets | |
Investments in Securities, at Value—Affiliated Funds (Cost $835,155) | 749,114 |
Receivables for Investment Securities Sold | 912 |
Receivables for Accrued Income | 1 |
Total Assets | 750,027 |
Liabilities | |
Payables for Investment Securities Purchased | 908 |
Total Liabilities | 908 |
Net Assets | 749,119 |
At February 29, 2024, net assets consisted of: | |
Paid-in Capital | 848,519 |
Total Distributable Earnings (Loss) | (99,400) |
Net Assets | 749,119 |
Net Assets | |
Applicable to 11,000,000 outstanding $.001 par value shares of beneficial interest (unlimited authorization) | 749,119 |
Net Asset Value Per Share | $68.10 |
Six Months Ended February 29, 2024 | |
($000) | |
Investment Income | |
Income | |
Income Distributions Received from Affiliated Funds | 18,652 |
Net Investment Income—Note B | 18,652 |
Realized Net Gain (Loss) | |
Capital Gain Distributions Received from Affiliated Funds | — |
Affiliated Funds Sold1 | (4,289) |
Realized Net Gain (Loss) | (4,289) |
Change in Unrealized Appreciation (Depreciation) from Affiliated Funds | 6,638 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 21,001 |
1 | Includes $195,000 of net gain (loss) resulting from in-kind redemptions. |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
($000) | ($000) | ||
Increase (Decrease) in Net Assets | |||
Operations | |||
Net Investment Income | 18,652 | 14,472 | |
Realized Net Gain (Loss) | (4,289) | (4,654) | |
Change in Unrealized Appreciation (Depreciation) | 6,638 | (10,246) | |
Net Increase (Decrease) in Net Assets Resulting from Operations | 21,001 | (428) | |
Distributions | |||
Total Distributions | (18,659) | (14,468) | |
Capital Share Transactions | |||
Issued | 80,561 | 179,865 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (12,067) | (56,515) | |
Net Increase (Decrease) from Capital Share Transactions | 68,494 | 123,350 | |
Total Increase (Decrease) | 70,836 | 108,454 | |
Net Assets | |||
Beginning of Period | 678,283 | 569,829 | |
End of Period | 749,119 | 678,283 |
For a Share Outstanding Throughout Each Period | Six Months Ended February 29, 2024 | Year Ended August 31, | September 4, 20181 to August 31, 2019 | |||
2023 | 2022 | 2021 | 2020 | |||
Net Asset Value, Beginning of Period | $67.90 | $69.58 | $80.76 | $81.56 | $80.97 | $75.00 |
Investment Operations | ||||||
Net Investment Income2 | 1.785 | 1.623 | 1.912 | 1.108 | 2.125 | 2.004 |
Capital Gain Distributions Received2 | .0003 | — | .327 | .146 | — | — |
Net Realized and Unrealized Gain (Loss) on Investments | .208 | (1.668) | (11.356) | (.929) | .782 | 6.071 |
Total from Investment Operations | 1.993 | (.045) | (9.117) | .325 | 2.907 | 8.075 |
Distributions | ||||||
Dividends from Net Investment Income | (1.793) | (1.635) | (1.984) | (1.125) | (2.317) | (2.105) |
Distributions from Realized Capital Gains | — | — | (.079) | — | — | — |
Total Distributions | (1.793) | (1.635) | (2.063) | (1.125) | (2.317) | (2.105) |
Net Asset Value, End of Period | $68.10 | $67.90 | $69.58 | $80.76 | $81.56 | $80.97 |
Total Return | 2.95% | -0.03% | -11.51% | 0.40% | 3.69% | 11.00% |
Ratios/Supplemental Data | ||||||
Net Assets, End of Period (Millions) | $749 | $678 | $570 | $581 | $448 | $160 |
Ratio of Total Expenses to Average Net Assets | — | — | — | — | — | —4 |
Acquired Fund Fees and Expenses | 0.05% | 0.05% | 0.05% | 0.06% | 0.06% | 0.06%4 |
Ratio of Net Investment Income to Average Net Assets | 5.31% | 2.38% | 2.55% | 1.37% | 2.64% | 2.62%4 |
Portfolio Turnover Rate5 | 7% | 14% | 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 | Distribution was less than $.001 per share. |
4 | Annualized. |
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. |
Amount ($000) | |
Tax Cost | 838,814 |
Gross Unrealized Appreciation | 919 |
Gross Unrealized Depreciation | (90,619) |
Net Unrealized Appreciation (Depreciation) | (89,700) |
Six Months Ended February 29, 2024 | Year Ended August 31, 2023 | ||
Shares (000) | Shares (000) | ||
Issued | 1,190 | 2,630 | |
Issued in Lieu of Cash Distributions | — | — | |
Redeemed | (180) | (830) | |
Net Increase (Decrease) in Shares Outstanding | 1,010 | 1,800 |
Current Period Transactions | ||||||||
Aug. 31, 2023 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. 29, 2024 Market Value ($000) | |
Vanguard Market Liquidity Fund | 128 | NA3 | NA3 | — | — | 3 | — | 114 |
Vanguard Total Bond Market ETF | 346,358 | 64,257 | 29,719 | (1,930) | 4,708 | 6,114 | — | 383,674 |
Vanguard Total International Bond ETF | 331,803 | 62,806 | 28,854 | (2,359) | 1,930 | 12,535 | — | 365,326 |
Total | 678,289 | 127,063 | 58,573 | (4,289) | 6,638 | 18,652 | — | 749,114 |
1 | Includes $80,552,000 of portfolio securities received as a result of in-kind purchases of the fund’s capital shares. |
2 | Includes $12,067,000 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. In February 2024, a third-party service provider began performing security pricing services for the Registrant. There were no other changes in the Registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
Item 12: Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13: Exhibits.
(a)(2) | Certifications filed herewith. |
(a)(2) | 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 25, 2024
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 25, 2024
VANGUARD SCOTTSDALE FUNDS | ||
BY: | /s/ CHRISTINE BUCHANAN* | |
CHRISTINE BUCHANAN | ||
CHIEF FINANCIAL OFFICER |
Date: April 25, 2024
*By: | /s/ Anne E. Robinson |
Anne E. Robinson, pursuant to a Power of Attorney filed on July 21, 2023 (see File Number 33-53683) and to a Power of Attorney filed on March 29, 2023 (see File Number 2-11444), Incorporated by Reference.