| | |
Schedule of Investments (unaudited) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
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Security | | Shares | | | Value | |
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Common Stocks | | | | | | | | |
| | |
Advertising Agencies(a) — 0.2% | | | | | | | | |
Advantage Solutions, Inc., Class A(b) | | | 165,805 | | | $ | 717,936 | |
Boston Omaha Corp., Class A | | | 43,005 | | | | 664,857 | |
Cardlytics, Inc. | | | 68,129 | | | | 987,189 | |
Clear Channel Outdoor Holdings, Inc. | | | 695,965 | | | | 1,148,342 | |
Emerald Holding, Inc. | | | 31,940 | | | | 217,512 | |
QuinStreet, Inc. | | | 98,542 | | | | 1,740,252 | |
Thryv Holdings, Inc. | | | 57,797 | | | | 1,284,827 | |
Viad Corp. | | | 37,961 | | | | 1,499,080 | |
| | | | | | | | |
| | |
| | | | | | | 8,259,995 | |
| | |
Aerospace — 0.1% | | | | | | |
Macerich Co. | | | 403,154 | | | | 6,946,343 | |
| | | | | | | | |
| | |
Aerospace & Defense — 1.0% | | | | | | |
AAR Corp.(a) | | | 63,101 | | | | 3,777,857 | |
AeroVironment, Inc.(a)(b) | | | 50,372 | | | | 7,721,020 | |
AerSale Corp.(a) | | | 62,804 | | | | 450,933 | |
Archer Aviation, Inc., Class A(a)(b) | | | 284,431 | | | | 1,314,071 | |
Astronics Corp.(a) | | | 51,673 | | | | 983,854 | |
Cadre Holdings, Inc. | | | 36,236 | | | | 1,311,743 | |
Ducommun, Inc.(a) | | | 25,073 | | | | 1,286,245 | |
Eve Holding, Inc., Class A(a)(b) | | | 33,526 | | | | 181,040 | |
Kaman Corp. | | | 52,494 | | | | 2,407,900 | |
Kratos Defense & Security Solutions, Inc.(a)(b) | | | 268,536 | | | | 4,935,692 | |
Leonardo DRS, Inc.(a) | | | 121,198 | | | | 2,677,264 | |
Moog, Inc., Class A | | | 53,784 | | | | 8,586,615 | |
National Presto Industries, Inc. | | | 9,617 | | | | 805,905 | |
Park Aerospace Corp. | | | 36,578 | | | | 608,292 | |
Parsons Corp.(a) | | | 76,977 | | | | 6,385,242 | |
Redwire Corp.(a)(b) | | | 20,925 | | | | 91,861 | |
Rocket Lab USA, Inc., Class A(a)(b) | | | 527,843 | | | | 2,169,435 | |
Terran Orbital Corp., Class A(a)(b) | | | 186,416 | | | | 244,205 | |
Triumph Group, Inc.(a) | | | 120,160 | | | | 1,807,206 | |
V2X, Inc.(a) | | | 21,503 | | | | 1,004,405 | |
Virgin Galactic Holdings, Inc., Class A(a)(b) | | | 666,354 | | | | 986,204 | |
| | | | | | | | |
| | |
| | | | | | | 49,736,989 | |
| |
Agriculture, Fishing & Ranching — 0.2% | | | | |
Alico, Inc. | | | 13,435 | | | | 393,377 | |
Andersons, Inc. | | | 60,036 | | | | 3,444,265 | |
Cadiz, Inc.(a) | | | 68,917 | | | | 199,859 | |
Calavo Growers, Inc. | | | 33,020 | | | | 918,286 | |
Cal-Maine Foods, Inc. | | | 76,559 | | | | 4,505,497 | |
Fresh Del Monte Produce, Inc. | | | 63,492 | | | | 1,645,078 | |
GrowGeneration Corp.(a)(b) | | | 102,190 | | | | 292,264 | |
| | | | | | | | |
| | |
| | | | | | | 11,398,626 | |
| | |
Air Transport — 0.4% | | | | | | |
Air Transport Services Group, Inc.(a)(b) | | | 96,005 | | | | 1,321,029 | |
Allegiant Travel Co. | | | 29,480 | | | | 2,217,191 | |
Frontier Group Holdings, Inc.(a)(b) | | | 69,853 | | | | 566,508 | |
Hawaiian Holdings, Inc.(a)(b) | | | 95,009 | | | | 1,266,470 | |
JetBlue Airways Corp.(a) | | | 626,898 | | | | 4,651,583 | |
Joby Aviation, Inc., Class A(a)(b) | | | 519,804 | | | | 2,786,149 | |
SkyWest, Inc.(a) | | | 75,552 | | | | 5,219,132 | |
Spirit Airlines, Inc. | | | 206,566 | | | | 999,779 | |
Sun Country Airlines Holdings, Inc.(a) | | | 79,876 | | | | 1,205,329 | |
| | | | | | | | |
| | |
| | | | | | | 20,233,170 | |
| | |
Airlines — 0.0% | | | | | | |
Blade Air Mobility, Inc., Class A(a) | | | 113,832 | | | | 324,421 | |
| | | | | | | | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Alternative Energy — 0.6% | |
Ameresco, Inc., Class A(a) | | | 59,976 | | | $ | 1,447,221 | |
Centrus Energy Corp., Class A(a)(b) | | | 23,034 | | | | 956,602 | |
Green Brick Partners, Inc.(a) | | | 48,645 | | | | 2,929,888 | |
Green Plains, Inc.(a) | | | 69,067 | | | | 1,596,829 | |
Permian Resources Corp., Class A | | | 850,765 | | | | 15,024,510 | |
REX American Resources Corp.(a) | | | 28,918 | | | | 1,697,776 | |
Sitio Royalties Corp., Class A | | | 153,325 | | | | 3,790,194 | |
Sunnova Energy International, Inc.(a)(b) | | | 198,238 | | | | 1,215,199 | |
| | | | | | | | |
| | |
| | | | | | | 28,658,219 | |
| | |
Aluminum — 0.1% | | | | | | |
Century Aluminum Co.(a)(b) | | | 98,409 | | | | 1,514,515 | |
Kaiser Aluminum Corp. | | | 29,748 | | | | 2,658,281 | |
| | | | | | | | |
| | |
| | | | | | | 4,172,796 | |
| | |
Asset Management & Custodian — 0.7% | | | | | | |
Artisan Partners Asset Management, Inc., Class A | | | 109,311 | | | | 5,003,164 | |
AssetMark Financial Holdings, Inc.(a) | | | 40,990 | | | | 1,451,456 | |
B. Riley Financial, Inc.(b) | | | 38,083 | | | | 806,217 | |
Brightsphere Investment Group, Inc. | | | 60,740 | | | | 1,387,302 | |
Cohen & Steers, Inc. | | | 48,502 | | | | 3,729,319 | |
Diamond Hill Investment Group, Inc., Class A | | | 5,182 | | | | 798,909 | |
GCM Grosvenor, Inc., Class A | | | 81,622 | | | | 788,469 | |
Hamilton Lane, Inc., Class A | | | 68,159 | | | | 7,685,609 | |
Open Lending Corp.(a) | | | 185,873 | | | | 1,163,565 | |
PJT Partners, Inc., Class A | | | 41,919 | | | | 3,951,285 | |
Silvercrest Asset Management Group, Inc., Class A | | | 17,353 | | | | 274,351 | |
StepStone Group, Inc., Class A | | | 102,691 | | | | 3,670,176 | |
Virtus Investment Partners, Inc. | | | 12,743 | | | | 3,160,009 | |
WisdomTree, Inc. | | | 257,380 | | | | 2,365,322 | |
| | | | | | | | |
| | |
| | | | | | | 36,235,153 | |
| | |
Auto Components(a) — 0.1% | | | | | | |
Atmus Filtration Technologies, Inc. | | | 157,018 | | | | 5,063,830 | |
Holley, Inc. | | | 94,475 | | | | 421,359 | |
Luminar Technologies, Inc., Class A(b) | | | 542,812 | | | | 1,069,340 | |
Solid Power, Inc., Class A(b) | | | 296,412 | | | | 601,716 | |
| | | | | | | | |
| | |
| | | | | | | 7,156,245 | |
| | |
Auto Parts — 0.7% | | | | | | |
Adient PLC(a) | | | 170,497 | | | | 5,612,761 | |
American Axle & Manufacturing Holdings, Inc.(a) | | | 212,924 | | | | 1,567,121 | |
CarParts.com, Inc.(a) | | | 98,455 | | | | 159,497 | |
Dana, Inc. | | | 243,192 | | | | 3,088,538 | |
Dorman Products, Inc.(a) | | | 49,124 | | | | 4,735,062 | |
Fox Factory Holding Corp.(a) | | | 79,577 | | | | 4,143,574 | |
Gentherm, Inc.(a) | | | 61,134 | | | | 3,520,096 | |
Livewire Group, Inc.(a)(b) | | | 20,808 | | | | 150,442 | |
Standard Motor Products, Inc. | | | 38,332 | | | | 1,286,039 | |
Stoneridge, Inc.(a) | | | 49,826 | | | | 918,791 | |
Visteon Corp.(a) | | | 51,461 | | | | 6,052,328 | |
Workhorse Group, Inc.(a)(b) | | | 488,541 | | | | 114,612 | |
XPEL, Inc.(a) | | | 42,174 | | | | 2,278,240 | |
| | | | | | | | |
| | |
| | | | | | | 33,627,101 | |
| | |
Auto Services — 0.1% | | | | | | |
Goodyear Tire & Rubber Co.(a) | | | 525,193 | | | | 7,210,900 | |
| | | | | | | | |
|
Back Office Support, HR & Consulting — 1.6% | |
ASGN, Inc.(a) | | | 86,008 | | | | 9,010,198 | |
Barrett Business Services, Inc. | | | 12,134 | | | | 1,537,620 | |
CBIZ, Inc.(a) | | | 89,401 | | | | 7,017,978 | |
Conduent, Inc.(a) | | | 321,945 | | | | 1,088,174 | |
CRA International, Inc. | | | 12,675 | | | | 1,895,927 | |
DHI Group, Inc.(a)(b) | | | 77,446 | | | | 197,487 | |
| | |
SERIES SCHEDULE OF INVESTMENTS | | 1 |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Back Office Support, HR & Consulting (continued) | |
ExlService Holdings, Inc.(a) | | | 301,605 | | | $ | 9,591,039 | |
Forrester Research, Inc.(a) | | | 23,199 | | | | 500,170 | |
Hackett Group, Inc. | | | 46,693 | | | | 1,134,640 | |
Heidrick & Struggles International, Inc. | | | 36,971 | | | | 1,244,444 | |
HireQuest, Inc. | | | 8,825 | | | | 114,284 | |
Huron Consulting Group, Inc.(a) | | | 34,670 | | | | 3,349,815 | |
ICF International, Inc. | | | 34,926 | | | | 5,260,903 | |
Insperity, Inc. | | | 66,329 | | | | 7,270,322 | |
Kelly Services, Inc., Class A | | | 58,298 | | | | 1,459,782 | |
Kforce, Inc. | | | 35,096 | | | | 2,474,970 | |
Korn Ferry | | | 97,317 | | | | 6,399,566 | |
Liquidity Services, Inc.(a) | | | 43,311 | | | | 805,585 | |
Maximus, Inc. | | | 113,466 | | | | 9,519,797 | |
NV5 Global, Inc.(a) | | | 25,931 | | | | 2,541,497 | |
Resources Connection, Inc. | | | 57,810 | | | | 760,780 | |
Target Hospitality Corp.(a) | | | 56,424 | | | | 613,329 | |
TriNet Group, Inc. | | | 59,718 | | | | 7,912,038 | |
TrueBlue, Inc.(a) | | | 55,028 | | | | 688,951 | |
TTEC Holdings, Inc. | | | 34,584 | | | | 358,636 | |
| | | | | | | | |
| | |
| | | | | | | 82,747,932 | |
| | |
Banks: Diversified — 7.9% | | | | | | |
1st Source Corp. | | | 30,754 | | | | 1,612,125 | |
ACNB Corp. | | | 14,538 | | | | 546,629 | |
AlTi Global, Inc., Class A(a) | | | 43,787 | | | | 247,834 | |
Ambac Financial Group, Inc.(a) | | | 82,517 | | | | 1,289,741 | |
Amerant Bancorp, Inc., Class A | | | 48,158 | | | | 1,121,600 | |
American National Bankshares, Inc. | | | 18,537 | | | | 885,327 | |
Ameris Bancorp | | | 115,960 | | | | 5,610,145 | |
Ames National Corp. | | | 15,023 | | | | 303,164 | |
Arrow Financial Corp. | | | 27,075 | | | | 677,416 | |
Associated Banc-Corp. | | | 282,382 | | | | 6,074,037 | |
Atlantic Union Bankshares Corp. | | | 124,813 | | | | 4,407,147 | |
Axos Financial, Inc.(a)(b) | | | 102,085 | | | | 5,516,673 | |
Banc of California, Inc. | | | 255,933 | | | | 3,892,741 | |
BancFirst Corp. | | | 41,099 | | | | 3,617,945 | |
Banco Latinoamericano de Comercio Exterior SA, Class E | | | 51,284 | | | | 1,519,032 | |
Bancorp, Inc.(a) | | | 90,175 | | | | 3,017,255 | |
Bank First Corp. | | | 17,406 | | | | 1,508,578 | |
Bank of Hawaii Corp. | | | 61,336 | | | | 3,826,753 | |
Bank of Marin Bancorp | | | 30,235 | | | | 507,041 | |
Bank of NT Butterfield & Son Ltd. | | | 90,531 | | | | 2,896,087 | |
Bank7 Corp. | | | 6,514 | | | | 183,695 | |
BankUnited, Inc. | | | 116,969 | | | | 3,275,132 | |
Bankwell Financial Group, Inc. | | | 10,372 | | | | 269,050 | |
Banner Corp. | | | 52,372 | | | | 2,513,856 | |
Bar Harbor Bankshares | | | 26,929 | | | | 713,080 | |
BayCom Corp. | | | 20,844 | | | | 429,595 | |
BCB Bancorp, Inc. | | | 28,739 | | | | 300,323 | |
Berkshire Hills Bancorp, Inc. | | | 62,941 | | | | 1,442,608 | |
Blue Foundry Bancorp(a)(b) | | | 41,980 | | | | 392,933 | |
Blue Ridge Bankshares, Inc. | | | 27,012 | | | | 72,662 | |
Bridgewater Bancshares, Inc.(a) | | | 39,970 | | | | 465,251 | |
Burke & Herbert Financial Services Corp. | | | 12,271 | | | | 687,544 | |
Business First Bancshares, Inc. | | | 45,690 | | | | 1,017,973 | |
Byline Bancorp, Inc. | | | 46,970 | | | | 1,020,188 | |
C&F Financial Corp. | | | 5,730 | | | | 280,770 | |
Cadence Bank | | | 265,097 | | | | 7,687,813 | |
Cambridge Bancorp | | | 14,388 | | | | 980,686 | |
Camden National Corp. | | | 26,000 | | | | 871,520 | |
Capital Bancorp, Inc. | | | 16,840 | | | | 350,777 | |
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Security | | Shares | | | Value | |
|
Banks: Diversified (continued) | |
Capital City Bank Group, Inc. | | | 24,236 | | | $ | 671,337 | |
Capitol Federal Financial, Inc. | | | 234,215 | | | | 1,395,921 | |
Capstar Financial Holdings, Inc. | | | 34,372 | | | | 690,877 | |
Carter Bankshares, Inc.(a) | | | 40,550 | | | | 512,552 | |
Cathay General Bancorp | | | 115,863 | | | | 4,383,097 | |
Central Pacific Financial Corp. | | | 36,134 | | | | 713,646 | |
Central Valley Community Bancorp/CA | | | 17,431 | | | | 346,703 | |
Chemung Financial Corp. | | | 6,111 | | | | 259,595 | |
ChoiceOne Financial Services, Inc. | | | 12,186 | | | | 333,287 | |
Citizens & Northern Corp. | | | 25,956 | | | | 487,454 | |
Citizens Financial Services, Inc. | | | 7,146 | | | | 351,583 | |
City Holding Co. | | | 24,459 | | | | 2,549,117 | |
Civista Bancshares, Inc. | | | 26,972 | | | | 414,829 | |
CNB Financial Corp. | | | 39,353 | | | | 802,408 | |
Coastal Financial Corp.(a) | | | 20,532 | | | | 798,079 | |
Codorus Valley Bancorp, Inc. | | | 16,311 | | | | 371,238 | |
Colony Bankcorp, Inc. | | | 29,633 | | | | 340,779 | |
Columbia Financial, Inc.(a)(b) | | | 53,961 | | | | 928,669 | |
Community Bank System, Inc. | | | 86,724 | | | | 4,165,354 | |
Community Trust Bancorp, Inc. | | | 28,981 | | | | 1,236,040 | |
ConnectOne Bancorp, Inc. | | | 68,308 | | | | 1,332,006 | |
CrossFirst Bankshares, Inc.(a) | | | 84,284 | | | | 1,166,491 | |
Customers Bancorp, Inc.(a)(b) | | | 53,365 | | | | 2,831,547 | |
CVB Financial Corp. | | | 248,209 | | | | 4,428,049 | |
Eagle Bancorp, Inc. | | | 54,741 | | | | 1,285,866 | |
Eastern Bankshares, Inc. | | | 289,098 | | | | 3,983,770 | |
Enterprise Bancorp, Inc. | | | 18,217 | | | | 473,095 | |
Enterprise Financial Services Corp. | | | 67,690 | | | | 2,745,506 | |
Equity Bancshares, Inc., Class A | | | 27,275 | | | | 937,442 | |
Esquire Financial Holdings, Inc. | | | 12,602 | | | | 598,217 | |
ESSA Bancorp, Inc. | | | 15,158 | | | | 276,330 | |
Evans Bancorp, Inc. | | | 9,139 | | | | 272,891 | |
Farmers & Merchants Bancorp, Inc. | | | 20,766 | | | | 462,874 | |
Farmers National Banc Corp. | | | 68,659 | | | | 917,284 | |
FB Financial Corp. | | | 66,184 | | | | 2,492,489 | |
Fidelity D&D Bancorp, Inc. | | | 8,135 | | | | 393,978 | |
Finance of America Cos., Inc., Class A(a) | | | 85,338 | | | | 62,732 | |
Financial Institutions, Inc. | | | 27,991 | | | | 526,791 | |
First Bancorp, Inc. | | | 17,071 | | | | 420,629 | |
First BanCorp./Puerto Rico | | | 268,924 | | | | 4,716,927 | |
First Bancorp/Southern Pines NC | | | 70,809 | | | | 2,557,621 | |
First Bancshares, Inc. | | | 57,224 | | | | 1,484,963 | |
First Bank/Hamilton | | | 38,021 | | | | 522,409 | |
First Busey Corp. | | | 96,857 | | | | 2,329,411 | |
First Business Financial Services, Inc. | | | 13,674 | | | | 512,775 | |
First Commonwealth Financial Corp. | | | 188,028 | | | | 2,617,350 | |
First Community Bankshares, Inc. | | | 32,030 | | | | 1,109,199 | |
First Community Corp. | | | 12,860 | | | | 224,150 | |
First Financial Bancorp | | | 167,074 | | | | 3,745,799 | |
First Financial Bankshares, Inc. | | | 243,164 | | | | 7,978,211 | |
First Financial Corp. | | | 21,340 | | | | 817,962 | |
First Foundation, Inc. | | | 97,945 | | | | 739,485 | |
First Interstate BancSystem, Inc., Class A | | | 154,117 | | | | 4,193,524 | |
First Merchants Corp. | | | 110,284 | | | | 3,848,912 | |
First Mid Bancshares, Inc. | | | 35,377 | | | | 1,156,120 | |
First of Long Island Corp. | | | 39,152 | | | | 434,196 | |
First Western Financial, Inc.(a)(b) | | | 14,336 | | | | 209,019 | |
Five Star Bancorp | | | 21,940 | | | | 493,650 | |
FS Bancorp, Inc. | | | 11,563 | | | | 401,352 | |
Fulton Financial Corp. | | | 271,157 | | | | 4,308,685 | |
FVCBankcorp, Inc.(a) | | | 26,676 | | | | 324,914 | |
German American Bancorp, Inc. | | | 52,312 | | | | 1,812,088 | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Banks: Diversified (continued) | |
Glacier Bancorp, Inc. | | | 208,078 | | | $ | 8,381,382 | |
Great Southern Bancorp, Inc. | | | 16,721 | | | | 916,645 | |
Greene County Bancorp, Inc. | | | 11,935 | | | | 343,609 | |
Guaranty Bancshares, Inc. | | | 14,529 | | | | 441,100 | |
Hancock Whitney Corp. | | | 161,887 | | | | 7,453,277 | |
Hanmi Financial Corp. | | | 35,695 | | | | 568,264 | |
HarborOne Bancorp, Inc. | | | 76,683 | | | | 817,441 | |
HBT Financial, Inc. | | | 24,276 | | | | 462,215 | |
Heartland Financial USA, Inc. | | | 78,851 | | | | 2,771,613 | |
Heritage Commerce Corp. | | | 111,385 | | | | 955,683 | |
Hilltop Holdings, Inc. | | | 87,098 | | | | 2,727,909 | |
Hippo Holdings, Inc.(a)(b) | | | 20,168 | | | | 368,469 | |
Home Bancorp, Inc. | | | 12,514 | | | | 479,411 | |
Home BancShares, Inc. | | | 352,235 | | | | 8,654,414 | |
HomeStreet, Inc. | | | 35,096 | | | | 528,195 | |
Hope Bancorp, Inc. | | | 214,798 | | | | 2,472,325 | |
Horizon Bancorp, Inc. | | | 82,248 | | | | 1,055,242 | |
Independent Bank Corp. | | | 104,415 | | | | 4,440,558 | |
Independent Bank Group, Inc. | | | 67,486 | | | | 3,080,736 | |
International Bancshares Corp. | | | 100,212 | | | | 5,625,902 | |
John Marshall Bancorp, Inc. | | | 21,461 | | | | 384,581 | |
Kearny Financial Corp. | | | 107,957 | | | | 695,243 | |
Lakeland Bancorp, Inc. | | | 116,329 | | | | 1,407,581 | |
Lakeland Financial Corp. | | | 46,097 | | | | 3,057,153 | |
LCNB Corp. | | | 21,989 | | | | 350,505 | |
Live Oak Bancshares, Inc. | | | 62,747 | | | | 2,604,628 | |
Macatawa Bank Corp. | | | 50,259 | | | | 492,036 | |
MainStreet Bancshares, Inc. | | | 12,152 | | | | 220,680 | |
Mercantile Bank Corp. | | | 29,270 | | | | 1,126,602 | |
Merchants Bancorp | | | 29,589 | | | | 1,277,653 | |
Metrocity Bankshares, Inc. | | | 32,493 | | | | 811,025 | |
Metropolitan Bank Holding Corp.(a) | | | 19,439 | | | | 748,401 | |
Mid Penn Bancorp, Inc. | | | 26,338 | | | | 527,023 | |
Middlefield Banc Corp. | | | 13,712 | | | | 327,443 | |
Midland States Bancorp, Inc. | | | 38,777 | | | | 974,466 | |
MVB Financial Corp. | | | 22,189 | | | | 495,037 | |
National Bank Holdings Corp., Class A | | | 58,670 | | | | 2,116,227 | |
National Bankshares, Inc. | | | 10,079 | | | | 336,739 | |
NBT Bancorp, Inc. | | | 76,900 | | | | 2,820,692 | |
Nicolet Bankshares, Inc. | | | 24,453 | | | | 2,102,713 | |
Northeast Bank | | | 12,823 | | | | 709,625 | |
Northeast Community Bancorp, Inc. | | | 23,352 | | | | 367,327 | |
Northfield Bancorp, Inc. | | | 69,894 | | | | 679,370 | |
Northrim BanCorp, Inc. | | | 9,603 | | | | 485,047 | |
Northwest Bancshares, Inc. | | | 207,025 | | | | 2,411,841 | |
Norwood Financial Corp. | | | 12,876 | | | | 350,356 | |
Oak Valley Bancorp | | | 11,745 | | | | 291,041 | |
OFG Bancorp | | | 86,085 | | | | 3,168,789 | |
Old National Bancorp | | | 546,599 | | | | 9,516,289 | |
Old Second Bancorp, Inc. | | | 80,936 | | | | 1,120,154 | |
Orange County Bancorp, Inc. | | | 8,911 | | | | 409,906 | |
Origin Bancorp, Inc. | | | 54,434 | | | | 1,700,518 | |
Orrstown Financial Services, Inc. | | | 18,376 | | | | 491,925 | |
Pacific Premier Bancorp, Inc. | | | 160,048 | | | | 3,841,152 | |
Park National Corp. | | | 26,734 | | | | 3,631,814 | |
Parke Bancorp, Inc. | | | 17,784 | | | | 306,329 | |
Pathward Financial, Inc. | | | 44,169 | | | | 2,229,651 | |
PCB Bancorp | | | 20,635 | | | | 336,970 | |
Peapack-Gladstone Financial Corp. | | | 30,885 | | | | 751,432 | |
Penns Woods Bancorp, Inc. | | | 11,958 | | | | 232,105 | |
Peoples Bancorp, Inc. | | | 65,094 | | | | 1,927,433 | |
Peoples Financial Services Corp. | | | 13,368 | | | | 576,294 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Banks: Diversified (continued) | |
Pioneer Bancorp, Inc./New York(a) | | | 20,117 | | | $ | 197,348 | |
Plumas Bancorp | | | 9,541 | | | | 351,013 | |
Ponce Financial Group, Inc.(a) | | | 34,079 | | | | 303,303 | |
Preferred Bank/Los Angeles CA | | | 12,047 | | | | 924,848 | |
Primis Financial Corp. | | | 39,691 | | | | 483,039 | |
Princeton Bancorp, Inc. | | | 8,867 | | | | 272,926 | |
Provident Financial Services, Inc. | | | 118,929 | | | | 1,732,795 | |
QCR Holdings, Inc. | | | 30,747 | | | | 1,867,573 | |
RBB Bancorp | | | 30,980 | | | | 557,950 | |
Red River Bancshares, Inc. | | | 8,662 | | | | 431,281 | |
Renasant Corp. | | | 89,631 | | | | 2,807,243 | |
Republic Bancorp, Inc., Class A | | | 15,864 | | | | 809,064 | |
S&T Bancorp, Inc. | | | 71,135 | | | | 2,282,011 | |
Sandy Spring Bancorp, Inc. | | | 81,784 | | | | 1,895,753 | |
Seacoast Banking Corp. of Florida | | | 149,383 | | | | 3,792,834 | |
ServisFirst Bancshares, Inc. | | | 95,037 | | | | 6,306,655 | |
Shore Bancshares, Inc. | | | 56,040 | | | | 644,460 | |
Sierra Bancorp | | | 25,898 | | | | 523,140 | |
Simmons First National Corp., Class A | | | 210,534 | | | | 4,096,992 | |
SmartFinancial, Inc. | | | 29,881 | | | | 629,593 | |
South Plains Financial, Inc. | | | 21,387 | | | | 572,316 | |
Southern First Bancshares, Inc.(a) | | | 14,658 | | | | 465,538 | |
Southern States Bancshares, Inc. | | | 13,089 | | | | 339,267 | |
Southside Bancshares, Inc. | | | 53,572 | | | | 1,565,910 | |
SouthState Corp. | | | 142,032 | | | | 12,076,981 | |
Stellar Bancorp, Inc. | | | 90,796 | | | | 2,211,791 | |
Sterling Bancorp, Inc.(a) | | | 33,926 | | | | 175,058 | |
Stock Yards Bancorp, Inc. | | | 50,624 | | | | 2,476,020 | |
Summit Financial Group, Inc. | | | 21,499 | | | | 583,913 | |
Texas Capital Bancshares, Inc.(a) | | | 88,163 | | | | 5,426,433 | |
Third Coast Bancshares, Inc.(a) | | | 24,718 | | | | 494,854 | |
Timberland Bancorp, Inc. | | | 13,172 | | | | 354,590 | |
Tompkins Financial Corp. | | | 25,851 | | | | 1,300,047 | |
Towne Bank/Portsmouth VA | | | 130,904 | | | | 3,673,166 | |
TriCo Bancshares | | | 57,944 | | | | 2,131,180 | |
Triumph Financial, Inc.(a) | | | 41,451 | | | | 3,287,893 | |
TrustCo Bank Corp./New York | | | 33,091 | | | | 931,843 | |
Trustmark Corp. | | | 102,208 | | | | 2,873,067 | |
UMB Financial Corp. | | | 82,613 | | | | 7,186,505 | |
United Bankshares, Inc. | | | 244,126 | | | | 8,737,270 | |
United Community Banks, Inc. | | | 204,544 | | | | 5,383,598 | |
Unity Bancorp, Inc. | | | 12,604 | | | | 347,870 | |
Univest Financial Corp. | | | 54,091 | | | | 1,126,175 | |
USCB Financial Holdings, Inc., Class A | | | 16,653 | | | | 189,844 | |
Valley National Bancorp | | | 805,347 | | | | 6,410,562 | |
Veritex Holdings, Inc. | | | 86,584 | | | | 1,774,106 | |
Virginia National Bankshares Corp. | | | 8,243 | | | | 248,114 | |
WaFd, Inc. | | | 126,208 | | | | 3,663,818 | |
Washington Trust Bancorp, Inc. | | | 32,036 | | | | 861,128 | |
Waterstone Financial, Inc. | | | 33,221 | | | | 404,300 | |
WesBanco, Inc. | | | 107,622 | | | | 3,208,212 | |
West BanCorp, Inc. | | | 27,302 | | | | 486,795 | |
Westamerica BanCorp | | | 48,294 | | | | 2,360,611 | |
WSFS Financial Corp. | | | 98,833 | | | | 4,461,322 | |
| | | | | | | | |
| | |
| | | | | | | 395,588,104 | |
|
Banks: Savings, Thrift & Mortgage Lending — 0.2% | |
Amalgamated Financial Corp. | | | 32,965 | | | | 791,160 | |
Brookline Bancorp, Inc. | | | 155,320 | | | | 1,546,987 | |
Flushing Financial Corp. | | | 48,800 | | | | 615,368 | |
Heritage Financial Corp. | | | 61,709 | | | | 1,196,538 | |
Hingham Institution For Savings The(b) | | | 2,735 | | | | 477,148 | |
| | |
SERIES SCHEDULE OF INVESTMENTS | | 3 |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Banks: Savings, Thrift & Mortgage Lending (continued) | |
OceanFirst Financial Corp. | | | 108,659 | | | $ | 1,783,094 | |
Premier Financial Corp. | | | 65,985 | | | | 1,339,495 | |
Southern Missouri Bancorp, Inc. | | | 15,250 | | | | 666,578 | |
| | | | | | | | |
| | |
| | | | | | | 8,416,368 | |
| | |
Beverage: Soft Drinks — 0.3% | | | | | | |
Coca-Cola Consolidated, Inc. | | | 8,907 | | | | 7,538,974 | |
Duckhorn Portfolio, Inc.(a) | | | 99,464 | | | | 926,010 | |
National Beverage Corp.(a) | | | 44,213 | | | | 2,098,349 | |
Primo Water Corp. | | | 291,903 | | | | 5,315,554 | |
Zevia PBC, Class A(a)(b) | | | 41,042 | | | | 48,019 | |
| | | | | | | | |
| | |
| | | | | | | 15,926,906 | |
| | |
Biotechnology — 7.8% | | | | | | |
2seventy bio, Inc.(a) | | | 95,966 | | | | 513,418 | |
4D Molecular Therapeutics, Inc.(a) | | | 75,722 | | | | 2,412,503 | |
89bio, Inc.(a)(b) | | | 147,383 | | | | 1,715,538 | |
Aadi Bioscience, Inc.(a)(b) | | | 28,957 | | | | 67,759 | |
ACELYRIN, Inc.(a) | | | 135,377 | | | | 913,795 | |
Acrivon Therapeutics, Inc.(a) | | | 22,179 | | | | 158,580 | |
Actinium Pharmaceuticals, Inc.(a)(b) | | | 50,156 | | | | 392,721 | |
Adicet Bio, Inc.(a) | | | 80,908 | | | | 190,134 | |
ADMA Biologics, Inc.(a) | | | 397,348 | | | | 2,622,497 | |
Aerovate Therapeutics, Inc.(a) | | | 21,576 | | | | 638,002 | |
Agenus, Inc.(a)(b) | | | 720,672 | | | | 417,990 | |
Agios Pharmaceuticals, Inc.(a) | | | 103,537 | | | | 3,027,422 | |
Akero Therapeutics, Inc.(a) | | | 114,702 | | | | 2,897,373 | |
Aldeyra Therapeutics, Inc.(a)(b) | | | 86,250 | | | | 282,037 | |
Alector, Inc.(a) | | | 134,853 | | | | 811,815 | |
Allakos, Inc.(a) | | | 113,371 | | | | 142,847 | |
Allogene Therapeutics, Inc.(a)(b) | | | 176,128 | | | | 787,292 | |
Allovir, Inc.(a) | | | 89,023 | | | | 67,203 | |
Alpine Immune Sciences, Inc.(a) | | | 71,669 | | | | 2,840,959 | |
Altimmune, Inc.(a) | | | 100,455 | | | | 1,022,632 | |
ALX Oncology Holdings, Inc.(a) | | | 49,167 | | | | 548,212 | |
Amicus Therapeutics, Inc.(a) | | | 540,984 | | | | 6,372,791 | |
Amylyx Pharmaceuticals, Inc.(a) | | | 89,639 | | | | 254,575 | |
AnaptysBio, Inc.(a)(b) | | | 35,735 | | | | 804,752 | |
Anavex Life Sciences Corp.(a)(b) | | | 132,540 | | | | 674,629 | |
ANI Pharmaceuticals, Inc.(a)(b) | | | 27,408 | | | | 1,894,715 | |
Annexon, Inc.(a)(b) | | | 123,513 | | | | 885,588 | |
Apogee Therapeutics, Inc.(a) | | | 77,120 | | | | 5,124,624 | |
Arbutus Biopharma Corp.(a) | | | 236,161 | | | | 609,295 | |
Arcellx, Inc.(a)(b) | | | 71,496 | | | | 4,972,547 | |
Arcturus Therapeutics Holdings, Inc.(a) | | | 43,463 | | | | 1,467,745 | |
Arcus Biosciences, Inc.(a)(b) | | | 100,254 | | | | 1,892,796 | |
Arcutis Biotherapeutics, Inc.(a)(b) | | | 147,415 | | | | 1,460,883 | |
Ardelyx, Inc.(a)(b) | | | 429,740 | | | | 3,137,102 | |
ArriVent Biopharma, Inc.(a) | | | 17,232 | | | | 307,764 | |
ARS Pharmaceuticals, Inc.(a)(b) | | | 45,757 | | | | 467,637 | |
Arvinas, Inc.(a)(b) | | | 94,014 | | | | 3,880,898 | |
Astria Therapeutics, Inc.(a) | | | 92,911 | | | | 1,307,722 | |
Atara Biotherapeutics, Inc.(a) | | | 187,044 | | | | 129,809 | |
Aura Biosciences, Inc.(a) | | | 66,487 | | | | 521,923 | |
Aurinia Pharmaceuticals, Inc.(a)(b) | | | 252,417 | | | | 1,264,609 | |
Avid Bioservices, Inc.(a) | | | 117,426 | | | | 786,754 | |
Avidity Biosciences, Inc.(a) | | | 137,879 | | | | 3,518,672 | |
Avita Medical, Inc.(a) | | | 45,770 | | | | 733,693 | |
Beam Therapeutics, Inc.(a)(b) | | | 139,033 | | | | 4,593,650 | |
BioAtla, Inc.(a)(b) | | | 87,433 | | | | 300,770 | |
BioCryst Pharmaceuticals, Inc.(a)(b) | | | 353,314 | | | | 1,794,835 | |
Biohaven Ltd.(a)(b) | | | 127,519 | | | | 6,974,014 | |
Biomea Fusion, Inc.(a)(b) | | | 38,457 | | | | 574,932 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Biotechnology (continued) | |
BioVie, Inc., Class A(a) | | | 7,448 | | | $ | 3,937 | |
Bioxcel Therapeutics, Inc.(a)(b) | | | 33,014 | | | | 93,099 | |
Bluebird Bio, Inc.(a)(b) | | | 371,883 | | | | 476,010 | |
Blueprint Medicines Corp.(a) | | | 113,356 | | | | 10,752,950 | |
Bridgebio Pharma, Inc.(a)(b) | | | 217,444 | | | | 6,723,368 | |
Cabaletta Bio, Inc.(a)(b) | | | 64,410 | | | | 1,098,835 | |
Cargo Therapeutics, Inc.(a) | | | 39,724 | | | | 886,640 | |
Caribou Biosciences, Inc.(a)(b) | | | 152,601 | | | | 784,369 | |
Carisma Therapeutics, Inc.(a) | | | 45,121 | | | | 102,425 | |
Cartesian Therapeutics, Inc.(a)(b) | | | 225,801 | | | | 146,771 | |
Castle Biosciences, Inc.(a) | | | 46,529 | | | | 1,030,617 | |
Catalyst Pharmaceuticals, Inc.(a) | | | 207,668 | | | | 3,310,228 | |
Celcuity, Inc.(a) | | | 35,083 | | | | 757,793 | |
Celldex Therapeutics, Inc.(a) | | | 115,847 | | | | 4,862,099 | |
Century Therapeutics, Inc.(a) | | | 47,754 | | | | 199,612 | |
Cerevel Therapeutics Holdings, Inc.(a) | | | 133,489 | | | | 5,642,580 | |
CG oncology, Inc.(a) | | | 43,356 | | | | 1,903,328 | |
Codexis, Inc.(a) | | | 133,793 | | | | 466,938 | |
Cogent Biosciences, Inc.(a)(b) | | | 157,273 | | | | 1,056,875 | |
Coherus Biosciences, Inc.(a)(b) | | | 200,058 | | | | 478,139 | |
Collegium Pharmaceutical, Inc.(a)(b) | | | 60,939 | | | | 2,365,652 | |
Compass Therapeutics, Inc.(a) | | | 172,862 | | | | 342,267 | |
Crinetics Pharmaceuticals, Inc.(a) | | | 122,957 | | | | 5,755,617 | |
Cue Biopharma, Inc.(a)(b) | | | 65,421 | | | | 123,646 | |
Cullinan Oncology, Inc.(a) | | | 48,195 | | | | 821,243 | |
Cytokinetics, Inc.(a) | | | 178,087 | | | | 12,485,680 | |
Day One Biopharmaceuticals, Inc.(a) | | | 116,782 | | | | 1,929,239 | |
Deciphera Pharmaceuticals, Inc.(a) | | | 99,622 | | | | 1,567,054 | |
Denali Therapeutics, Inc.(a)(b) | | | 222,573 | | | | 4,567,198 | |
Design Therapeutics, Inc.(a) | | | 56,353 | | | | 227,103 | |
Disc Medicine, Inc.(a) | | | 17,582 | | | | 1,094,655 | |
Douglas Elliman, Inc. | | | 138,611 | | | | 219,005 | |
Dynavax Technologies Corp.(a) | | | 241,599 | | | | 2,998,244 | |
Dyne Therapeutics, Inc.(a) | | | 110,207 | | | | 3,128,777 | |
Editas Medicine, Inc.(a)(b) | | | 153,334 | | | | 1,137,738 | |
Emergent BioSolutions, Inc.(a) | | | 105,509 | | | | 266,938 | |
Entrada Therapeutics, Inc.(a) | | | 41,561 | | | | 588,919 | |
Erasca, Inc.(a) | | | 141,256 | | | | 290,987 | |
EyePoint Pharmaceuticals, Inc.(a) | | | 69,511 | | | | 1,436,792 | |
Fate Therapeutics, Inc.(a) | | | 157,973 | | | | 1,159,522 | |
Fennec Pharmaceuticals, Inc.(a) | | | 34,891 | | | | 387,988 | |
FibroGen, Inc.(a) | | | 175,944 | | | | 413,468 | |
Foghorn Therapeutics, Inc.(a) | | | 36,217 | | | | 243,016 | |
Genelux Corp.(a)(b) | | | 32,989 | | | | 212,119 | |
Generation Bio Co.(a) | | | 79,184 | | | | 322,279 | |
Geron Corp.(a) | | | 954,988 | | | | 3,151,460 | |
Gritstone bio, Inc.(a) | | | 168,348 | | | | 432,654 | |
Guardant Health, Inc.(a) | | | 210,564 | | | | 4,343,935 | |
Halozyme Therapeutics, Inc.(a) | | | 242,063 | | | | 9,847,123 | |
Harvard Bioscience, Inc.(a) | | | 74,015 | | | | 313,824 | |
Heron Therapeutics, Inc.(a)(b) | | | 185,313 | | | | 513,317 | |
HilleVax, Inc.(a) | | | 48,869 | | | | 812,691 | |
Humacyte, Inc.(a) | | | 114,329 | | | | 355,563 | |
Ideaya Biosciences, Inc.(a)(b) | | | 122,653 | | | | 5,382,014 | |
IGM Biosciences, Inc.(a)(b) | | | 27,135 | | | | 261,853 | |
Immuneering Corp., Class A(a) | | | 37,971 | | | | 109,736 | |
ImmunityBio, Inc.(a)(b) | | | 247,134 | | | | 1,327,110 | |
Immunovant, Inc.(a) | | | 100,574 | | | | 3,249,546 | |
Inhibrx, Inc.(a) | | | 64,018 | | | | 2,238,069 | |
Inozyme Pharma, Inc.(a) | | | 85,659 | | | | 656,148 | |
Insmed, Inc.(a)(b) | | | 257,665 | | | | 6,990,451 | |
Intellia Therapeutics, Inc.(a) | | | 167,097 | | | | 4,596,838 | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Biotechnology (continued) | |
Iovance Biotherapeutics, Inc.(a)(b) | | | 442,332 | | | $ | 6,555,360 | |
iTeos Therapeutics, Inc.(a) | | | 47,838 | | | | 652,510 | |
Janux Therapeutics, Inc.(a) | | | 32,238 | | | | 1,213,761 | |
KalVista Pharmaceuticals, Inc.(a)(b) | | | 58,366 | | | | 692,221 | |
Karyopharm Therapeutics, Inc.(a) | | | 196,221 | | | | 296,294 | |
Keros Therapeutics, Inc.(a)(b) | | | 47,855 | | | | 3,168,001 | |
Kezar Life Sciences, Inc.(a)(b) | | | 122,594 | | | | 110,531 | |
Kiniksa Pharmaceuticals Ltd., Class A(a) | | | 59,247 | | | | 1,168,943 | |
Kodiak Sciences, Inc.(a) | | | 58,852 | | | | 309,562 | |
Krystal Biotech, Inc.(a) | | | 40,289 | | | | 7,168,622 | |
Kura Oncology, Inc.(a) | | | 131,528 | | | | 2,805,492 | |
Kymera Therapeutics, Inc.(a) | | | 76,003 | | | | 3,055,321 | |
Larimar Therapeutics, Inc.(a)(b) | | | 49,990 | | | | 379,424 | |
LENZ Therapeutics, Inc. | | | 8,241 | | | | 184,022 | |
Lexeo Therapeutics, Inc.(a) | | | 17,971 | | | | 281,785 | |
Lexicon Pharmaceuticals, Inc.(a)(b) | | | 182,144 | | | | 437,146 | |
Ligand Pharmaceuticals, Inc.(a)(b) | | | 31,403 | | | | 2,295,559 | |
Lineage Cell Therapeutics, Inc.(a) | | | 264,191 | | | | 391,003 | |
Lyell Immunopharma, Inc.(a) | | | 334,394 | | | | 745,699 | |
MacroGenics, Inc.(a) | | | 113,441 | | | | 1,669,852 | |
Madrigal Pharmaceuticals, Inc.(a)(b) | | | 27,580 | | | | 7,364,963 | |
MannKind Corp.(a)(b) | | | 486,161 | | | | 2,202,309 | |
Marinus Pharmaceuticals, Inc.(a)(b) | | | 102,052 | | | | 922,550 | |
MaxCyte, Inc.(a) | | | 160,480 | | | | 672,411 | |
MeiraGTx Holdings PLC(a) | | | 57,379 | | | | 348,291 | |
Merrimack Pharmaceuticals, Inc.(a) | | | 20,778 | | | | 306,891 | |
Mersana Therapeutics, Inc.(a) | | | 206,656 | | | | 925,819 | |
MiMedx Group, Inc.(a) | | | 215,120 | | | | 1,656,424 | |
Mineralys Therapeutics, Inc.(a) | | | 31,577 | | | | 407,659 | |
Mirum Pharmaceuticals, Inc.(a)(b) | | | 46,129 | | | | 1,158,760 | |
Monte Rosa Therapeutics, Inc.(a) | | | 55,657 | | | | 392,382 | |
Morphic Holding, Inc.(a)(b) | | | 71,094 | | | | 2,502,509 | |
Mural Oncology PLC(a) | | | 29,826 | | | | 145,849 | |
Myriad Genetics, Inc.(a) | | | 163,489 | | | | 3,485,585 | |
Nautilus Biotechnology, Inc.(a) | | | 86,024 | | | | 252,911 | |
NGM Biopharmaceuticals, Inc.(a)(b) | | | 70,260 | | | | 111,713 | |
Nkarta, Inc.(a) | | | 57,519 | | | | 621,780 | |
Novavax, Inc.(a)(b) | | | 211,165 | | | | 1,009,369 | |
Nurix Therapeutics, Inc.(a) | | | 88,730 | | | | 1,304,331 | |
Nuvalent, Inc., Class A(a) | | | 49,535 | | | | 3,719,583 | |
Nuvectis Pharma, Inc.(a) | | | 14,205 | | | | 116,481 | |
Ocean Biomedical, Inc.(a)(b) | | | 12,815 | | | | 48,505 | |
Olema Pharmaceuticals, Inc.(a) | | | 48,721 | | | | 551,522 | |
Omega Therapeutics, Inc.(a)(b) | | | 39,455 | | | | 144,011 | |
Omeros Corp.(a)(b) | | | 118,423 | | | | 408,559 | |
OPKO Health, Inc.(a)(b) | | | 743,881 | | | | 892,657 | |
ORIC Pharmaceuticals, Inc.(a)(b) | | | 72,755 | | | | 1,000,381 | |
Outlook Therapeutics, Inc.(a)(b) | | | 13,087 | | | | 156,259 | |
Ovid therapeutics, Inc.(a) | | | 108,595 | | | | 331,215 | |
Pacific Biosciences of California, Inc.(a) | | | 469,871 | | | | 1,762,016 | |
PDS Biotechnology Corp.(a) | | | 47,347 | | | | 187,494 | |
PepGen, Inc.(a) | | | 19,300 | | | | 283,710 | |
Phathom Pharmaceuticals, Inc.(a)(b) | | | 60,733 | | | | 644,984 | |
PMV Pharmaceuticals, Inc.(a) | | | 67,477 | | | | 114,711 | |
Poseida Therapeutics, Inc.(a) | | | 128,294 | | | | 409,258 | |
Precigen, Inc.(a)(b) | | | 231,899 | | | | 336,254 | |
Prelude Therapeutics, Inc.(a) | | | 26,682 | | | | 126,473 | |
Prime Medicine, Inc.(a) | | | 72,268 | | | | 505,876 | |
ProKidney Corp., Class A(a)(b) | | | 83,450 | | | | 136,858 | |
Protagonist Therapeutics, Inc.(a) | | | 106,465 | | | | 3,080,032 | |
Protalix BioTherapeutics, Inc.(a)(b) | | | 116,801 | | | | 147,169 | |
Prothena Corp. PLC(a) | | | 78,649 | | | | 1,948,136 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Biotechnology (continued) | |
PTC Therapeutics, Inc.(a) | | | 134,307 | | | $ | 3,906,991 | |
Pulse Biosciences, Inc.(a)(b) | | | 29,860 | | | | 260,081 | |
Quantum-Si, Inc., Class A(a) | | | 203,133 | | | | 400,172 | |
RadNet, Inc.(a) | | | 112,307 | | | | 5,464,859 | |
Rallybio Corp.(a) | | | 51,825 | | | | 95,876 | |
RAPT Therapeutics, Inc.(a)(b) | | | 52,767 | | | | 473,848 | |
Recursion Pharmaceuticals, Inc., Class A(a)(b) | | | 259,684 | | | | 2,589,049 | |
REGENXBIO, Inc.(a) | | | 76,667 | | | | 1,615,374 | |
Relay Therapeutics, Inc.(a)(b) | | | 176,577 | | | | 1,465,589 | |
Reneo Pharmaceuticals, Inc.(a) | | | 22,003 | | | | 36,525 | |
Replimune Group, Inc.(a) | | | 92,161 | | | | 752,955 | |
REVOLUTION Medicines, Inc.(a) | | | 260,003 | | | | 8,379,897 | |
Rhythm Pharmaceuticals, Inc.(a) | | | 99,539 | | | | 4,313,025 | |
Rigel Pharmaceuticals, Inc.(a) | | | 305,297 | | | | 451,840 | |
Rocket Pharmaceuticals, Inc.(a) | | | 116,938 | | | | 3,150,310 | |
Sage Therapeutics, Inc.(a)(b) | | | 98,546 | | | | 1,846,752 | |
Sagimet Biosciences, Inc., Series A(a)(b) | | | 43,013 | | | | 233,130 | |
Sana Biotechnology, Inc.(a) | | | 178,854 | | | | 1,788,540 | |
Sangamo Therapeutics, Inc.(a) | | | 254,025 | | | | 170,248 | |
Savara, Inc.(a) | | | 163,794 | | | | 815,694 | |
Scholar Rock Holding Corp.(a)(b) | | | 107,439 | | | | 1,908,117 | |
Scilex Holding, (Acquired 01/06/23, Cost: $1,040,392)(c) | | | 99,274 | | | | 149,690 | |
Seres Therapeutics, Inc.(a)(b) | | | 168,991 | | | | 130,816 | |
SpringWorks Therapeutics, Inc.(a) | | | 127,651 | | | | 6,282,982 | |
Stoke Therapeutics, Inc.(a)(b) | | | 51,961 | | | | 701,473 | |
Summit Therapeutics, Inc.(a)(b) | | | 219,365 | | | | 908,171 | |
Sutro Biopharma, Inc.(a) | | | 113,702 | | | | 642,416 | |
Tango Therapeutics, Inc.(a)(b) | | | 85,796 | | | | 681,220 | |
Tenaya Therapeutics, Inc.(a)(b) | | | 89,074 | | | | 465,857 | |
Travere Therapeutics, Inc.(a) | | | 136,600 | | | | 1,053,186 | |
Turnstone Biologics Corp.(a)(b) | | | 11,216 | | | | 29,386 | |
Twist Bioscience Corp.(a)(b) | | | 107,816 | | | | 3,699,167 | |
Tyra Biosciences, Inc.(a) | | | 27,624 | | | | 453,034 | |
UroGen Pharma Ltd.(a) | | | 51,904 | | | | 778,560 | |
Vanda Pharmaceuticals, Inc.(a) | | | 104,632 | | | | 430,038 | |
Vaxcyte, Inc.(a) | | | 197,857 | | | | 13,515,612 | |
Vaxxinity, Inc., Class A(a)(b) | | | 79,461 | | | | 57,013 | |
Vera Therapeutics, Inc., Class A(a) | | | 74,753 | | | | 3,223,349 | |
Veracyte, Inc.(a) | | | 135,696 | | | | 3,007,023 | |
Vericel Corp.(a) | | | 88,776 | | | | 4,618,127 | |
Verrica Pharmaceuticals, Inc.(a)(b) | | | 43,082 | | | | 255,045 | |
Verve Therapeutics, Inc.(a)(b) | | | 122,800 | | | | 1,630,784 | |
Vigil Neuroscience, Inc.(a) | | | 25,497 | | | | 86,945 | |
Viking Therapeutics, Inc.(a)(b) | | | 190,871 | | | | 15,651,422 | |
Vir Biotechnology, Inc.(a) | | | 156,105 | | | | 1,581,344 | |
Viridian Therapeutics, Inc.(a) | | | 92,719 | | | | 1,623,510 | |
Vor BioPharma, Inc.(a)(b) | | | 61,309 | | | | 145,302 | |
X4 Pharmaceuticals, Inc.(a)(b) | | | 247,545 | | | | 344,088 | |
Xencor, Inc.(a) | | | 108,114 | | | | 2,392,563 | |
XOMA Corp.(a)(b) | | | 13,737 | | | | 330,375 | |
Y-mAbs Therapeutics, Inc.(a)(b) | | | 68,578 | | | | 1,115,078 | |
Zentalis Pharmaceuticals, Inc.(a)(b) | | | 108,553 | | | | 1,710,795 | |
Zevra Therapeutics, Inc.(a)(b) | | | 67,788 | | | | 393,170 | |
Zura Bio Ltd., Class A(a) | | | 41,448 | | | | 106,521 | |
Zymeworks, Inc.(a) | | | 103,696 | | | | 1,090,882 | |
| | | | | | | | |
| | |
| | | | | | | 394,454,118 | |
| | |
Building Materials — 1.1% | | | | | | |
Aspen Aerogels, Inc.(a)(b) | | | 95,262 | | | | 1,676,611 | |
BlueLinx Holdings, Inc.(a) | | | 15,780 | | | | 2,055,187 | |
Gibraltar Industries, Inc.(a) | | | 57,011 | | | | 4,591,096 | |
Griffon Corp. | | | 73,424 | | | | 5,384,916 | |
| | |
SERIES SCHEDULE OF INVESTMENTS | | 5 |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Building Materials (continued) | |
Masonite International Corp.(a) | | | 40,864 | | | $ | 5,371,573 | |
Masterbrand, Inc.(a) | | | 238,672 | | | | 4,472,713 | |
Patrick Industries, Inc. | | | 39,412 | | | | 4,708,552 | |
Quanex Building Products Corp. | | | 61,565 | | | | 2,365,943 | |
Simpson Manufacturing Co., Inc. | | | 80,071 | | | | 16,428,968 | |
Summit Materials, Inc., Class A(a)(b) | | | 222,837 | | | | 9,931,845 | |
| | | | | | | | |
| | |
| | | | | | | 56,987,404 | |
| | |
Building Products — 0.1% | | | | | | |
Janus International Group, Inc.(a)(b) | | | 158,384 | | | | 2,396,350 | |
| | | | | | | | |
|
Building: Climate Control — 0.6% | |
AAON, Inc. | | | 126,376 | | | | 11,133,726 | |
Comfort Systems USA, Inc. | | | 66,035 | | | | 20,979,980 | |
| | | | | | | | |
| | |
| | | | | | | 32,113,706 | |
|
Building: Roofing, Wallboard & Plumbing(a) — 0.3% | |
Beacon Roofing Supply, Inc. | | | 117,971 | | | | 11,563,517 | |
JELD-WEN Holding, Inc. | | | 158,782 | | | | 3,370,942 | |
| | | | | | | | |
| | |
| | | | | | | 14,934,459 | |
| | |
Cable Television Services(a) — 0.1% | | | | | | |
AMC Networks, Inc., Class A | | | 59,240 | | | | 718,581 | |
Liberty Latin America Ltd., Class A | | | 64,571 | | | | 450,060 | |
Liberty Latin America Ltd., Class C(b) | | | 256,481 | | | | 1,792,802 | |
WideOpenWest, Inc.(b) | | | 90,232 | | | | 326,640 | |
| | | | | | | | |
| | |
| | | | | | | 3,288,083 | |
| | |
Capital Markets — 0.2% | | | | | | |
Bakkt Holdings, Inc., Class A(a)(b) | | | 134,184 | | | | 61,698 | |
BGC Group, Inc., Class A | | | 627,213 | | | | 4,873,445 | |
Forge Global Holdings, Inc.(a) | | | 198,874 | | | | 383,827 | |
P10, Inc., Class A | | | 82,401 | | | | 693,816 | |
Patria Investments Ltd., Class A | | | 103,387 | | | | 1,534,263 | |
Perella Weinberg Partners, Class A | | | 78,417 | | | | 1,108,032 | |
Victory Capital Holdings, Inc., Class A | | | 49,993 | | | | 2,121,203 | |
| | | | | | | | |
| | |
| | | | | | | 10,776,284 | |
| | |
Casinos & Gambling — 0.5% | | | | | | |
Accel Entertainment, Inc., Class A(a) | | | 99,513 | | | | 1,173,258 | |
Century Casinos, Inc.(a) | | | 46,991 | | | | 148,492 | |
Full House Resorts, Inc.(a) | | | 57,565 | | | | 320,637 | |
Inspired Entertainment, Inc.(a) | | | 41,140 | | | | 405,640 | |
International Game Technology PLC | | | 202,551 | | | | 4,575,627 | |
Light & Wonder, Inc., Class A(a) | | | 168,579 | | | | 17,210,230 | |
Monarch Casino & Resort, Inc. | | | 25,122 | | | | 1,883,899 | |
| | | | | | | | |
| | |
| | | | | | | 25,717,783 | |
| | |
Cement — 0.0% | | | | | | |
Concrete Pumping Holdings, Inc.(a) | | | 45,872 | | | | 362,389 | |
| | | | | | | | |
|
Chemicals — 0.0% | |
Perimeter Solutions SA(a) | | | 281,420 | | | | 2,088,136 | |
| | | | | | | | |
|
Chemicals: Diversified — 1.0% | |
AdvanSix, Inc. | | | 48,615 | | | | 1,390,389 | |
American Vanguard Corp., Series 13A | | | 48,673 | | | | 630,315 | |
Arcadium Lithium PLC(a) | | | 1,908,549 | | | | 8,225,846 | |
Avient Corp. | | | 168,692 | | | | 7,321,233 | |
Cabot Corp. | | | 101,468 | | | | 9,355,350 | |
Core Molding Technologies, Inc.(a) | | | 13,518 | | | | 255,896 | |
CSW Industrials, Inc. | | | 28,749 | | | | 6,744,515 | |
Danimer Scientific, Inc., Class A(a)(b) | | | 156,759 | | | | 170,867 | |
Ecovyst, Inc.(a) | | | 172,592 | | | | 1,924,401 | |
Hawkins, Inc. | | | 36,097 | | | | 2,772,250 | |
Ingevity Corp.(a) | | | 68,185 | | | | 3,252,425 | |
LSB Industries, Inc.(a) | | | 101,756 | | | | 893,418 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Chemicals: Diversified (continued) | |
Origin Materials, Inc., Class A(a) | | | 208,846 | | | $ | 106,511 | |
PureCycle Technologies, Inc.(a)(b) | | | 216,588 | | | | 1,347,177 | |
Rayonier Advanced Materials, Inc.(a) | | | 124,380 | | | | 594,536 | |
Sensient Technologies Corp. | | | 78,519 | | | | 5,432,730 | |
Valhi, Inc. | | | 3,801 | | | | 65,301 | |
| | | | | | | | |
| | |
| | | | | | | 50,483,160 | |
| | |
Chemicals: Specialty — 0.6% | | | | | | |
Balchem Corp. | | | 59,671 | | | | 9,246,021 | |
FutureFuel Corp. | | | 49,446 | | | | 398,040 | |
Innospec, Inc. | | | 46,538 | | | | 6,000,610 | |
Orion SA | | | 103,294 | | | | 2,429,475 | |
Quaker Chemical Corp. | | | 25,906 | | | | 5,317,206 | |
Stepan Co. | | | 39,738 | | | | 3,578,010 | |
Trinseo PLC | | | 64,806 | | | | 244,967 | |
Tronox Holdings PLC | | | 218,372 | | | | 3,788,754 | |
| | | | | | | | |
| | |
| | | | | | | 31,003,083 | |
| | |
Coal — 0.4% | | | | | | |
Arch Resources, Inc., Class A | | | 33,576 | | | | 5,398,685 | |
CONSOL Energy, Inc. | | | 56,996 | | | | 4,773,985 | |
Hallador Energy Co.(a) | | | 40,665 | | | | 216,745 | |
Peabody Energy Corp. | | | 210,577 | | | | 5,108,598 | |
Warrior Met Coal, Inc. | | | 96,499 | | | | 5,857,489 | |
| | | | | | | | |
| | |
| | | | | | | 21,355,502 | |
| | |
Commercial Banks — 0.0% | | | | | | |
Dime Community Bancshares, Inc. | | | 65,224 | | | | 1,256,214 | |
HomeTrust Bancshares, Inc. | | | 26,999 | | | | 738,153 | |
| | | | | | | | |
| | |
| | | | | | | 1,994,367 | |
|
Commercial Finance & Mortgage Companies — 0.3% | |
Federal Agricultural Mortgage Corp., Class C | | | 17,024 | | | | 3,351,685 | |
PennyMac Financial Services, Inc., Class A | | | 47,590 | | | | 4,334,973 | |
RE/MAX Holdings, Inc., Class A | | | 32,749 | | | | 287,209 | |
Velocity Financial, Inc.(a) | | | 14,028 | | | | 252,504 | |
Walker & Dunlop, Inc. | | | 59,339 | | | | 5,996,799 | |
| | | | | | | | |
| | |
| | | | | | | 14,223,170 | |
| | |
Commercial Services & Supplies — 0.2% | | | | | | |
ACV Auctions, Inc., Class A(a) | | | 236,990 | | | | 4,448,302 | |
Aris Water Solution, Inc., Class A | | | 55,725 | | | | 788,509 | |
Aurora Innovation, Inc., Class A(a)(b) | | | 665,837 | | | | 1,877,660 | |
Information Services Group, Inc. | | | 62,665 | | | | 253,167 | |
LanzaTech Global, Inc.(a) | | | 35,658 | | | | 110,361 | |
Li-Cycle Holdings Corp.(a)(b) | | | 245,362 | | | | 252,723 | |
National Research Corp., Class A | | | 26,849 | | | | 1,063,489 | |
Performant Financial Corp.(a) | | | 127,724 | | | | 375,509 | |
| | | | | | | | |
| | |
| | | | | | | 9,169,720 | |
|
Commercial Services: Rental & Leasing — 1.0% | |
DNOW, Inc.(a) | | | 198,635 | | | | 3,019,252 | |
FTAI Aviation Ltd. | | | 185,683 | | | | 12,496,466 | |
GATX Corp. | | | 66,242 | | | | 8,878,415 | |
GMS, Inc.(a) | | | 74,740 | | | | 7,275,192 | |
H&E Equipment Services, Inc. | | | 59,972 | | | | 3,849,003 | |
Herc Holdings, Inc. | | | 52,732 | | | | 8,874,796 | |
McGrath RentCorp | | | 46,061 | | | | 5,682,545 | |
Rush Enterprises, Inc., Class B | | | 17,400 | | | | 927,246 | |
Willis Lease Finance Corp.(a) | | | 5,319 | | | | 263,929 | |
| | | | | | | | |
| | |
| | | | | | | 51,266,844 | |
| | |
Commercial Vehicles & Parts — 0.5% | | | | | | |
Blue Bird Corp.(a) | | | 52,127 | | | | 1,998,549 | |
Commercial Vehicle Group, Inc.(a) | | | 59,424 | | | | 382,096 | |
Cooper-Standard Holdings, Inc.(a) | | | 32,114 | | | | 531,808 | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Commercial Vehicles & Parts (continued) | |
Miller Industries, Inc. | | | 20,817 | | | $ | 1,042,932 | |
Modine Manufacturing Co.(a) | | | 95,984 | | | | 9,136,717 | |
REV Group, Inc. | | | 59,034 | | | | 1,304,061 | |
Rush Enterprises, Inc., Class A | | | 113,168 | | | | 6,056,751 | |
Shyft Group, Inc. | | | 61,233 | | | | 760,514 | |
Wabash National Corp. | | | 85,899 | | | | 2,571,816 | |
| | | | | | | | |
| | |
| | | | | | | 23,785,244 | |
| | |
Communications Equipment — 0.0% | | | | | | |
CommScope Holding Co., Inc.(a) | | | 407,621 | | | | 533,984 | |
| | | | | | | | |
|
Communications Technology — 0.6% | |
908 Devices, Inc.(a)(b) | | | 40,135 | | | | 303,019 | |
ADTRAN Holdings, Inc. | | | 148,086 | | | | 805,588 | |
Anterix, Inc.(a)(b) | | | 24,361 | | | | 818,773 | |
Aviat Networks, Inc.(a) | | | 21,227 | | | | 813,843 | |
Bandwidth, Inc., Class A(a) | | | 43,693 | | | | 797,834 | |
Bel Fuse, Inc., Class B | | | 19,625 | | | | 1,183,584 | |
Calix, Inc.(a) | | | 109,992 | | | | 3,647,335 | |
Comtech Telecommunications Corp.(a) | | | 49,342 | | | | 169,243 | |
Digi International, Inc.(a)(b) | | | 66,380 | | | | 2,119,513 | |
DZS, Inc.(a) | | | 36,771 | | | | 48,538 | |
EchoStar Corp., Class A(a) | | | 226,962 | | | | 3,234,209 | |
Extreme Networks, Inc.(a) | | | 235,360 | | | | 2,716,054 | |
Harmonic, Inc.(a) | | | 205,378 | | | | 2,760,280 | |
Infinera Corp.(a)(b) | | | 371,960 | | | | 2,242,919 | |
InterDigital, Inc. | | | 47,984 | | | | 5,108,377 | |
KVH Industries, Inc.(a) | | | 32,730 | | | | 166,923 | |
NETGEAR, Inc.(a) | | | 55,606 | | | | 876,907 | |
Ooma, Inc.(a) | | | 42,780 | | | | 364,913 | |
Ribbon Communications, Inc.(a) | | | 172,537 | | | | 552,118 | |
| | | | | | | | |
| | |
| | | | | | | 28,729,970 | |
|
Computer Services Software & Systems — 6.1% | |
A10 Networks, Inc. | | | 131,724 | | | | 1,803,302 | |
ACI Worldwide, Inc.(a) | | | 202,336 | | | | 6,719,579 | |
Adeia, Inc. | | | 199,550 | | | | 2,179,086 | |
Alarm.com Holdings, Inc.(a) | | | 89,364 | | | | 6,476,209 | |
Alkami Technology, Inc.(a) | | | 75,661 | | | | 1,858,991 | |
Altair Engineering, Inc., Class A(a)(b) | | | 102,359 | | | | 8,818,228 | |
American Software, Inc., Class A | | | 61,814 | | | | 707,770 | |
Appfolio, Inc., Class A(a) | | | 35,819 | | | | 8,837,980 | |
Appian Corp., Class A(a)(b) | | | 76,523 | | | | 3,057,094 | |
Applied Digital Corp.(a)(b) | | | 162,765 | | | | 696,634 | |
Asana, Inc., Class A(a)(b) | | | 154,812 | | | | 2,398,038 | |
Asure Software, Inc.(a) | | | 42,634 | | | | 331,693 | |
BigCommerce Holdings, Inc., Series 1(a)(b) | | | 127,907 | | | | 881,279 | |
Blackbaud, Inc.(a) | | | 81,237 | | | | 6,022,911 | |
Blackline, Inc.(a) | | | 106,210 | | | | 6,859,042 | |
Box, Inc., Class A(a) | | | 262,960 | | | | 7,447,027 | |
Brightcove, Inc.(a) | | | 73,596 | | | | 142,776 | |
Cargurus, Inc., Class A(a) | | | 178,871 | | | | 4,128,343 | |
Cerence, Inc.(a) | | | 77,090 | | | | 1,214,167 | |
Cleanspark, Inc.(a) | | | 359,566 | | | | 7,626,395 | |
CommVault Systems, Inc.(a) | | | 82,197 | | | | 8,337,242 | |
CoreCard Corp.(a) | | | 12,635 | | | | 139,617 | |
CSG Systems International, Inc. | | | 55,231 | | | | 2,846,606 | |
Digimarc Corp.(a)(b) | | | 27,143 | | | | 737,747 | |
Digital Turbine, Inc.(a) | | | 189,210 | | | | 495,730 | |
DigitalOcean Holdings, Inc.(a)(b) | | | 114,225 | | | | 4,361,110 | |
Domo, Inc., Class B(a) | | | 62,616 | | | | 558,535 | |
E2open Parent Holdings, Inc., Class A(a)(b) | | | 320,667 | | | | 1,423,761 | |
Envestnet, Inc.(a)(b) | | | 80,710 | | | | 4,673,916 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Computer Services Software & Systems (continued) | |
ePlus, Inc.(a) | | | 49,571 | | | $ | 3,893,306 | |
Eventbrite, Inc., Class A(a) | | | 147,086 | | | | 806,031 | |
Everbridge, Inc.(a) | | | 77,064 | | | | 2,684,139 | |
EverQuote, Inc., Class A(a) | | | 40,042 | | | | 743,179 | |
Evolent Health, Inc., Class A(a)(b) | | | 209,542 | | | | 6,870,882 | |
fuboTV, Inc.(a) | | | 534,537 | | | | 844,568 | |
Grid Dynamics Holdings, Inc., Class A(a)(b) | | | 105,045 | | | | 1,291,003 | |
Grindr, Inc.(a) | | | 74,875 | | | | 758,484 | |
LivePerson, Inc.(a) | | | 132,237 | | | | 131,893 | |
LiveRamp Holdings, Inc.(a) | | | 120,433 | | | | 4,154,938 | |
Magnite, Inc.(a)(b) | | | 252,363 | | | | 2,712,902 | |
Marathon Digital Holdings, Inc.(a)(b) | | | 417,893 | | | | 9,436,024 | |
MicroStrategy, Inc., Class A(a)(b) | | | 27,706 | | | | 47,226,539 | |
Mitek Systems, Inc.(a) | | | 81,192 | | | | 1,144,807 | |
Multiplan Corp., Class A(a) | | | 746,236 | | | | 605,347 | |
NetScout Systems, Inc.(a) | | | 127,274 | | | | 2,779,664 | |
Nextdoor Holdings, Inc., Class A(a) | | | 271,173 | | | | 610,139 | |
ON24, Inc. | | | 55,490 | | | | 396,199 | |
OneSpan, Inc.(a) | | | 75,492 | | | | 877,972 | |
PagerDuty, Inc.(a) | | | 166,454 | | | | 3,775,177 | |
PAR Technology Corp.(a)(b) | | | 50,828 | | | | 2,305,558 | |
PDF Solutions, Inc.(a) | | | 57,750 | | | | 1,944,442 | |
Perficient, Inc.(a) | | | 64,016 | | | | 3,603,461 | |
Progress Software Corp. | | | 82,255 | | | | 4,385,014 | |
PROS Holdings, Inc.(a)(b) | | | 83,364 | | | | 3,028,614 | |
Q2 Holdings, Inc.(a) | | | 106,176 | | | | 5,580,611 | |
Rackspace Technology, Inc.(a)(b) | | | 105,363 | | | | 166,474 | |
Rapid7, Inc.(a)(b) | | | 113,098 | | | | 5,546,326 | |
Red Violet, Inc.(a) | | | 18,960 | | | | 370,668 | |
Rimini Street, Inc.(a)(b) | | | 98,633 | | | | 321,544 | |
Riot Platforms, Inc.(a)(b) | | | 368,746 | | | | 4,513,451 | |
Sapiens International Corp. NV | | | 57,307 | | | | 1,842,993 | |
Schrodinger, Inc./United States(a)(b) | | | 101,586 | | | | 2,742,822 | |
Shutterstock, Inc. | | | 46,004 | | | | 2,107,443 | |
Simulations Plus, Inc. | | | 29,565 | | | | 1,216,600 | |
SoundThinking, Inc.(a) | | | 20,096 | | | | 319,124 | |
Sprout Social, Inc., Class A(a)(b) | | | 90,531 | | | | 5,405,606 | |
SPS Commerce, Inc.(a) | | | 68,461 | | | | 12,658,439 | |
System1, Inc., Class A(a) | | | 71,276 | | | | 139,701 | |
TechTarget, Inc.(a) | | | 48,374 | | | | 1,600,212 | |
Tenable Holdings, Inc.(a) | | | 217,041 | | | | 10,728,337 | |
Tucows, Inc., Class A(a) | | | 17,444 | | | | 323,761 | |
Unisys Corp.(a) | | | 128,016 | | | | 628,559 | |
Upwork, Inc.(a) | | | 233,226 | | | | 2,859,351 | |
Varonis Systems, Inc.(a)(b) | | | 202,762 | | | | 9,564,284 | |
Verint Systems, Inc.(a) | | | 114,182 | | | | 3,785,133 | |
Veritone, Inc.(a)(b) | | | 47,390 | | | | 249,271 | |
Verra Mobility Corp., Class A(a) | | | 255,233 | | | | 6,373,168 | |
Viant Technology, Inc., Class A(a) | | | 28,084 | | | | 299,375 | |
Workiva, Inc., Class A(a)(b) | | | 92,725 | | | | 7,863,080 | |
Yelp, Inc.(a) | | | 124,178 | | | | 4,892,613 | |
Yext, Inc.(a) | | | 199,589 | | | | 1,203,522 | |
Zuora, Inc., Class A(a) | | | 252,949 | | | | 2,306,895 | |
| | | | | | | | |
| | |
| | | | | | | 304,400,453 | |
| | |
Computer Technology — 2.4% | | | | | | |
3D Systems Corp.(a)(b) | | | 243,652 | | | | 1,081,815 | |
Cantaloupe, Inc.(a) | | | 104,368 | | | | 671,086 | |
Corsair Gaming, Inc.(a) | | | 69,558 | | | | 858,346 | |
Immersion Corp. | | | 57,785 | | | | 432,232 | |
Impinj, Inc.(a)(b) | | | 43,505 | | | | 5,586,477 | |
Insight Enterprises, Inc.(a) | | | 52,449 | | | | 9,730,338 | |
| | |
SERIES SCHEDULE OF INVESTMENTS | | 7 |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Computer Technology (continued) | |
PC Connection, Inc. | | | 21,348 | | | $ | 1,407,474 | |
Super Micro Computer, Inc.(a) | | | 94,894 | | | | 95,845,787 | |
Synaptics, Inc.(a)(b) | | | 73,622 | | | | 7,182,562 | |
| | | | | | | | |
| | |
| | | | | | | 122,796,117 | |
| | |
Construction — 0.6% | | | | | | |
Bowman Consulting Group Ltd.(a) | | | 20,781 | | | | 722,971 | |
Construction Partners, Inc., Class A(a)(b) | | | 79,974 | | | | 4,490,540 | |
Granite Construction, Inc. | | | 82,272 | | | | 4,700,199 | |
Great Lakes Dredge & Dock Corp.(a) | | | 123,167 | | | | 1,077,711 | |
INNOVATE Corp.(a) | | | 95,742 | | | | 67,087 | |
Knife River Corp.(a) | | | 105,549 | | | | 8,557,913 | |
Limbach Holdings, Inc.(a) | | | 17,796 | | | | 737,110 | |
Primoris Services Corp. | | | 99,036 | | | | 4,215,963 | |
Southland Holdings, Inc.(a) | | | 4,576 | | | | 23,566 | |
Sterling Infrastructure, Inc.(a) | | | 55,855 | | | | 6,161,365 | |
Tutor Perini Corp.(a) | | | 79,154 | | | | 1,144,567 | |
| | | | | | | | |
| | |
| | | | | | | 31,898,992 | |
| | |
Consumer Electronics(a) — 0.1% | | | | | | |
Sonos, Inc. | | | 230,983 | | | | 4,402,536 | |
VOXX International Corp., Class A | | | 22,647 | | | | 184,800 | |
Vuzix Corp.(b) | | | 103,757 | | | | 125,546 | |
| | | | | | | | |
| | |
| | | | | | | 4,712,882 | |
| | |
Consumer Finance(a) — 0.1% | | | | | | |
Consumer Portfolio Services, Inc. | | | 13,308 | | | | 100,608 | |
NerdWallet, Inc., Class A | | | 63,717 | | | | 936,640 | |
OppFi, Inc., Class A | | | 20,875 | | | | 52,188 | |
Upstart Holdings, Inc.(b) | | | 138,424 | | | | 3,722,221 | |
| | | | | | | | |
| | |
| | | | | | | 4,811,657 | |
| | |
Consumer Lending — 0.4% | | | | | | |
Encore Capital Group, Inc.(a) | | | 43,343 | | | | 1,976,874 | |
Enova International, Inc.(a) | | | 52,871 | | | | 3,321,885 | |
LendingTree, Inc.(a) | | | 19,935 | | | | 844,048 | |
Marcus & Millichap, Inc. | | | 44,247 | | | | 1,511,920 | |
Navient Corp. | | | 155,594 | | | | 2,707,335 | |
Nelnet, Inc., Class A | | | 24,061 | | | | 2,277,374 | |
PRA Group, Inc.(a) | | | 72,035 | | | | 1,878,673 | |
PROG Holdings, Inc. | | | 82,632 | | | | 2,845,846 | |
Regional Management Corp. | | | 15,561 | | | | 376,732 | |
World Acceptance Corp.(a) | | | 7,598 | | | | 1,101,558 | |
| | | | | | | | |
| | |
| | | | | | | 18,842,245 | |
| | |
Consumer Services: Miscellaneous — 0.4% | | | | | | |
Cars.com, Inc.(a) | | | 124,080 | | | | 2,131,694 | |
Chuy’s Holdings, Inc.(a) | | | 32,247 | | | | 1,087,691 | |
FirstCash Holdings, Inc. | | | 70,276 | | | | 8,963,001 | |
OPENLANE, Inc.(a) | | | 199,188 | | | | 3,445,953 | |
Udemy, Inc.(a) | | | 167,121 | | | | 1,834,989 | |
WW International, Inc.(a) | | | 97,501 | | | | 180,377 | |
| | | | | | | | |
| | |
| | | | | | | 17,643,705 | |
| | |
Containers & Packaging — 0.3% | | | | | | |
Greif, Inc., Class A | | | 45,371 | | | | 3,132,868 | |
Greif, Inc., Class B | | | 10,209 | | | | 709,730 | |
Myers Industries, Inc. | | | 68,174 | | | | 1,579,592 | |
O-I Glass, Inc.(a) | | | 289,794 | | | | 4,807,682 | |
Pactiv Evergreen, Inc. | | | 75,641 | | | | 1,083,179 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Containers & Packaging (continued) | |
Ranpak Holdings Corp., Class A(a) | | | 82,373 | | | $ | 648,275 | |
UFP Technologies, Inc.(a) | | | 13,220 | | | | 3,334,084 | |
| | | | | | | | |
| | |
| | | | | | | 15,295,410 | |
| | |
Cosmetics — 0.5% | | | | | | |
elf Beauty, Inc.(a) | | | 100,661 | | | | 19,732,576 | |
Inter Parfums, Inc. | | | 34,238 | | | | 4,810,781 | |
| | | | | | | | |
| | |
| | | | | | | 24,543,357 | |
| | |
Diversified Consumer Services(a) — 0.4% | | | | | | |
Duolingo, Inc., Class A | | | 55,194 | | | | 12,174,692 | |
Frontdoor, Inc. | | | 151,270 | | | | 4,928,377 | |
Lincoln Educational Services Corp. | | | 46,093 | | | | 476,141 | |
Nerdy, Inc., Class A | | | 118,298 | | | | 344,247 | |
| | | | | | | | |
| | |
| | | | | | | 17,923,457 | |
| | |
Diversified Financial Services — 0.6% | | | | | | |
Alerus Financial Corp. | | | 33,631 | | | | 734,165 | |
Cannae Holdings, Inc.(a) | | | 123,402 | | | | 2,744,461 | |
Compass Diversified Holdings | | | 117,816 | | | | 2,835,831 | |
European Wax Center, Inc., Class A(a) | | | 64,590 | | | | 838,378 | |
Jackson Financial, Inc., Class A | | | 131,444 | | | | 8,693,706 | |
MBIA, Inc. | | | 82,986 | | | | 560,985 | |
MidWestOne Financial Group, Inc. | | | 26,041 | | | | 610,401 | |
Moelis & Co., Class A | | | 112,337 | | | | 6,377,372 | |
Piper Sandler Cos | | | 32,360 | | | | 6,423,136 | |
SWK Holdings Corp.(a) | | | 5,499 | | | | 95,793 | |
Tiptree, Inc. | | | 45,482 | | | | 785,929 | |
| | | | | | | | |
| | |
| | | | | | | 30,700,157 | |
| | |
Diversified Manufacturing Operations — 0.6% | | | | | | |
Barnes Group, Inc. | | | 91,362 | | | | 3,394,098 | |
Custom Truck One Source, Inc.(a) | | | 100,889 | | | | 587,174 | |
Enerpac Tool Group Corp., Class A | | | 101,833 | | | | 3,631,365 | |
Enviri Corp.(a) | | | 147,159 | | | | 1,346,505 | |
Federal Signal Corp. | | | 111,794 | | | | 9,487,957 | |
Luxfer Holdings PLC | | | 50,068 | | | | 519,205 | |
OSI Systems, Inc.(a) | | | 30,030 | | | | 4,288,885 | |
PowerSchool Holdings, Inc., Class A(a) | | | 105,617 | | | | 2,248,586 | |
Standex International Corp. | | | 22,002 | | | | 4,009,204 | |
TriMas Corp. | | | 77,384 | | | | 2,068,474 | |
| | | | | | | | |
| | |
| | | | | | | 31,581,453 | |
| | |
Diversified Materials & Processing — 0.5% | | | | | | |
Belden, Inc. | | | 77,716 | | | | 7,197,279 | |
Encore Wire Corp.(b) | | | 28,047 | | | | 7,370,191 | |
Insteel Industries, Inc. | | | 34,954 | | | | 1,335,942 | |
Koppers Holdings, Inc. | | | 37,614 | | | | 2,075,164 | |
NL Industries, Inc. | | | 14,377 | | | | 105,383 | |
Tredegar Corp. | | | 49,049 | | | | 319,800 | |
Uranium Energy Corp.(a)(b) | | | 718,243 | | | | 4,848,140 | |
| | | | | | | | |
| | |
| | | | | | | 23,251,899 | |
| | |
Diversified Media — 0.0% | | | | | | |
EW Scripps Co., Class A(a) | | | 118,440 | | | | 465,469 | |
| | | | | | | | |
|
Diversified Retail — 0.3% | |
Beyond, Inc.(a)(b) | | | 84,118 | | | | 3,020,678 | |
Big Lots, Inc. | | | 49,137 | | | | 212,763 | |
ContextLogic, Inc., Class A(a) | | | 38,569 | | | | 219,458 | |
Dillard’s, Inc., Class A(b) | | | 6,349 | | | | 2,994,442 | |
Duluth Holdings, Inc., Class B(a) | | | 21,472 | | | | 105,213 | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Diversified Retail (continued) | |
Global Industrial Co. | | | 24,764 | | | $ | 1,108,932 | |
PriceSmart, Inc. | | | 47,488 | | | | 3,988,992 | |
Revolve Group, Inc., Class A(a)(b) | | | 74,184 | | | | 1,570,475 | |
Savers Value Village, Inc.(a)(b) | | | 48,708 | | | | 939,090 | |
Stitch Fix, Inc., Class A(a) | | | 177,038 | | | | 467,380 | |
Winmark Corp. | | | 5,325 | | | | 1,926,053 | |
| | | | | | | | |
| | |
| | | | | | | 16,553,476 | |
|
Diversified Telecommunication Services(a) — 0.1% | |
AST SpaceMobile, Inc., Class A | | | 208,527 | | | | 604,728 | |
Lumen Technologies, Inc. | | | 1,879,759 | | | | 2,932,424 | |
| | | | | | | | |
| | |
| | | | | | | 3,537,152 | |
| | |
Drug & Grocery Store Chains — 0.3% | | | | | | |
Ingles Markets, Inc., Class A | | | 26,490 | | | | 2,031,253 | |
PetMed Express, Inc. | | | 35,060 | | | | 167,937 | |
Sprouts Farmers Market, Inc.(a) | | | 190,058 | | | | 12,254,940 | |
Village Super Market, Inc., Class A | | | 15,700 | | | | 449,177 | |
Weis Markets, Inc. | | | 30,734 | | | | 1,979,270 | |
| | | | | | | | |
| | |
| | | | | | | 16,882,577 | |
| | |
Education Services — 0.6% | | | | | | |
2U, Inc.(a)(b) | | | 146,129 | | | | 56,946 | |
Adtalem Global Education, Inc.(a) | | | 72,955 | | | | 3,749,887 | |
Chegg, Inc.(a) | | | 212,349 | | | | 1,607,482 | |
Coursera, Inc.(a) | | | 246,779 | | | | 3,459,842 | |
Franklin Covey Co.(a) | | | 21,944 | | | | 861,521 | |
Graham Holdings Co., Class B | | | 6,488 | | | | 4,980,708 | |
HealthStream, Inc. | | | 44,924 | | | | 1,197,674 | |
Laureate Education, Inc., Class A | | | 244,370 | | | | 3,560,471 | |
Perdoceo Education Corp. | | | 114,364 | | | | 2,008,232 | |
Strategic Education, Inc. | | | 42,210 | | | | 4,394,905 | |
Stride, Inc.(a)(b) | | | 79,111 | | | | 4,987,949 | |
Universal Technical Institute, Inc.(a) | | | 73,733 | | | | 1,175,304 | |
| | | | | | | | |
| | |
| | | | | | | 32,040,921 | |
| | |
Electrical Equipment — 0.2% | | | | | | |
374Water, Inc.(a)(b) | | | 97,984 | | | | 123,460 | |
Amprius Technologies, Inc.(a)(b) | | | 9,428 | | | | 24,984 | |
Dragonfly Energy Holdings Corp.(a)(b) | | | 50,615 | | | | 27,332 | |
Energy Vault Holdings, Inc.(a) | | | 177,059 | | | | 316,936 | |
Enovix Corp.(a)(b) | | | 258,489 | | | | 2,070,497 | |
Eos Energy Enterprises, Inc., Class A(a)(b) | | | 285,763 | | | | 294,336 | |
ESS Tech, Inc.(a)(b) | | | 166,053 | | | | 120,106 | |
Fluence Energy, Inc., Class A(a)(b) | | | 109,336 | | | | 1,895,886 | |
LSI Industries, Inc. | | | 52,240 | | | | 789,869 | |
NuScale Power Corp., Class A(a) | | | 104,764 | | | | 556,297 | |
SES AI Corp., Class A(a) | | | 229,971 | | | | 386,351 | |
Shoals Technologies Group, Inc., Class A(a)(b) | | | 319,841 | | | | 3,575,822 | |
SKYX Platforms Corp.(a)(b) | | | 117,137 | | | | 153,450 | |
| | | | | | | | |
| | |
| | | | | | | 10,335,326 | |
| | |
Electronic Components — 0.7% | | | | | | |
Aeva Technologies, Inc.(a)(b) | | | 29,900 | | | | 117,507 | |
Array Technologies, Inc.(a) | | | 282,525 | | | | 4,212,448 | |
Methode Electronics, Inc. | | | 65,139 | | | | 793,393 | |
MicroVision, Inc.(a)(b) | | | 355,917 | | | | 654,887 | |
Novanta, Inc.(a) | | | 66,789 | | | | 11,672,714 | |
NVE Corp. | | | 9,047 | | | | 815,858 | |
Rogers Corp.(a) | | | 32,298 | | | | 3,833,450 | |
Sanmina Corp.(a) | | | 102,783 | | | | 6,391,047 | |
ScanSource, Inc.(a) | | | 46,112 | | | | 2,030,773 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Electronic Components (continued) | |
Stem, Inc.(a)(b) | | | 275,886 | | | $ | 604,190 | |
TTM Technologies, Inc.(a) | | | 190,156 | | | | 2,975,941 | |
| | | | | | | | |
| | |
| | | | | | | 34,102,208 | |
| | |
Electronic Entertainment(a) — 0.0% | | | | | | |
PlayAGS, Inc. | | | 68,215 | | | | 612,571 | |
Turtle Beach Corp. | | | 30,441 | | | | 524,803 | |
| | | | | | | | |
| | |
| | | | | | | 1,137,374 | |
|
Electronic Equipment, Instruments & Components — 0.2% | |
Climb Global Solutions, Inc. | | | 7,473 | | | | 529,686 | |
Daktronics, Inc.(a)(b) | | | 69,803 | | | | 695,238 | |
Evolv Technologies Holdings, Inc., Class A(a) | | | 214,286 | | | | 953,573 | |
Iteris, Inc.(a) | | | 75,185 | | | | 371,414 | |
Lightwave Logic, Inc.(a)(b) | | | 218,417 | | | | 1,022,192 | |
Luna Innovations, Inc.(a)(b) | | | 61,264 | | | | 196,351 | |
Mirion Technologies, Inc., Class A(a) | | | 373,666 | | | | 4,248,582 | |
Presto Automation, Inc.(a) | | | 9,019 | | | | 1,569 | |
Richardson Electronics Ltd. | | | 23,313 | | | | 214,713 | |
SmartRent, Inc., Class A(a) | | | 351,249 | | | | 941,347 | |
Tingo Group, Inc.(a)(b) | | | 205,487 | | | | 5,261 | |
| | | | | | | | |
| | |
| | | | | | | 9,179,926 | |
| | |
Electronics(a) — 0.5% | | | | | | |
Agilysys, Inc. | | | 37,725 | | | | 3,178,709 | |
Integer Holdings Corp. | | | 61,925 | | | | 7,225,409 | |
iRobot Corp. | | | 48,773 | | | | 427,251 | |
NEXTracker, Inc., Class A | | | 234,722 | | | | 13,207,807 | |
nLight, Inc. | | | 84,165 | | | | 1,094,145 | |
| | | | | | | | |
| | |
| | | | | | | 25,133,321 | |
| | |
Energy Equipment — 1.0% | | | | | | |
API Group Corp.(a)(b) | | | 390,221 | | | | 15,323,979 | |
Arcosa, Inc. | | | 90,495 | | | | 7,769,901 | |
Bloom Energy Corp., Class A(a)(b) | | | 359,306 | | | | 4,038,599 | |
Diamond Offshore Drilling, Inc.(a) | | | 189,755 | | | | 2,588,258 | |
Expro Group Holdings NV(a) | | | 167,025 | | | | 3,335,489 | |
FuelCell Energy, Inc.(a)(b) | | | 848,108 | | | | 1,009,249 | |
Matador Resources Co. | | | 211,371 | | | | 14,113,242 | |
SunPower Corp.(a)(b) | | | 157,908 | | | | 473,724 | |
TPI Composites, Inc.(a) | | | 72,806 | | | | 211,865 | |
| | | | | | | | |
| | |
| | | | | | | 48,864,306 | |
| | |
Energy Equipment & Services — 0.7% | | | | | | |
Atlas Energy Solutions, Inc. | | | 33,180 | | | | 750,532 | |
Borr Drilling Ltd. | | | 409,929 | | | | 2,808,014 | |
Core Laboratories, Inc. | | | 87,435 | | | | 1,493,390 | |
Forum Energy Technologies, Inc.(a) | | | 17,115 | | | | 341,958 | |
KLX Energy Services Holdings, Inc.(a) | | | 23,902 | | | | 185,001 | |
Kodiak Gas Services, Inc.(b) | | | 29,658 | | | | 810,850 | |
Mammoth Energy Services, Inc.(a)(b) | | | 45,251 | | | | 164,714 | |
Ranger Energy Services, Inc., Class A | | | 27,445 | | | | 309,854 | |
SEACOR Marine Holdings, Inc.(a) | | | 46,375 | | | | 646,467 | |
Seadrill Ltd.(a) | | | 87,384 | | | | 4,395,415 | |
Valaris Ltd.(a) | | | 111,025 | | | | 8,355,741 | |
Verde Clean Fuels, Inc., Class A(a) | | | 6,336 | | | | 25,344 | |
Weatherford International PLC(a) | | | 132,819 | | | | 15,329,969 | |
| | | | | | | | |
| | |
| | | | | | | 35,617,249 | |
| | |
Engineering & Contracting Services — 0.8% | | | | | | |
Argan, Inc. | | | 23,629 | | | | 1,194,210 | |
Dycom Industries, Inc.(a) | | | 53,467 | | | | 7,674,118 | |
Exponent, Inc. | | | 94,470 | | | | 7,811,724 | |
Fluor Corp.(a) | | | 266,046 | | | | 11,248,425 | |
| | |
SERIES SCHEDULE OF INVESTMENTS | | 9 |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Engineering & Contracting Services (continued) | |
IES Holdings, Inc.(a) | | | 15,274 | | | $ | 1,857,929 | |
Mistras Group, Inc.(a) | | | 39,042 | | | | 373,242 | |
MYR Group, Inc.(a) | | | 30,664 | | | | 5,419,862 | |
NETSTREIT Corp. | | | 129,008 | | | | 2,369,877 | |
VSE Corp. | | | 24,415 | | | | 1,953,200 | |
Willdan Group, Inc.(a) | | | 22,688 | | | | 657,725 | |
| | | | | | | | |
| | |
| | | | | | | 40,560,312 | |
| | |
Entertainment — 0.3% | | | | | | |
Atlanta Braves Holdings, Inc., Series A(a) | | | 104,218 | | | | 4,125,516 | |
Cinemark Holdings, Inc.(a)(b) | | | 205,014 | | | | 3,684,102 | |
Golden Entertainment, Inc. | | | 37,746 | | | | 1,390,185 | |
IMAX Corp.(a) | | | 83,778 | | | | 1,354,691 | |
Lions Gate Entertainment Corp., Class A(a) | | | 108,736 | | | | 1,081,923 | |
Lions Gate Entertainment Corp., Class B(a) | | | 224,694 | | | | 2,091,901 | |
Loop Media, Inc.(a) | | | 59,121 | | | | 21,662 | |
Madison Square Garden Entertainment Corp.(a) | | | 74,110 | | | | 2,905,853 | |
Playstudios, Inc., Class A(a) | | | 158,927 | | | | 441,817 | |
Reservoir Media, Inc.(a) | | | 38,285 | | | | 303,600 | |
| | | | | | | | |
| | |
| | | | | | | 17,401,250 | |
|
Environmental, Maintenance, & Security Service — 0.5% | |
ABM Industries, Inc. | | | 117,487 | | | | 5,242,270 | |
BrightView Holdings, Inc.(a) | | | 78,392 | | | | 932,865 | |
Brink’s Co. | | | 83,375 | | | | 7,702,182 | |
Healthcare Services Group, Inc.(a) | | | 138,806 | | | | 1,732,299 | |
IBEX Holdings Ltd.(a) | | | 16,667 | | | | 257,172 | |
Montrose Environmental Group, Inc.(a) | | | 52,566 | | | | 2,059,010 | |
SP Plus Corp.(a) | | | 36,490 | | | | 1,905,508 | |
UniFirst Corp. | | | 27,989 | | | | 4,854,132 | |
| | | | | | | | |
| | |
| | | | | | | 24,685,438 | |
| | |
Financial Data & Systems — 0.3% | | | | | | |
Atlanticus Holdings Corp.(a) | | | 8,447 | | | | 249,947 | |
Cass Information Systems, Inc. | | | 25,520 | | | | 1,229,298 | |
Donnelley Financial Solutions, Inc.(a) | | | 46,142 | | | | 2,861,266 | |
Everi Holdings, Inc.(a) | | | 151,719 | | | | 1,524,776 | |
EVERTEC, Inc. | | | 121,888 | | | | 4,863,331 | |
Green Dot Corp., Class A(a) | | | 71,709 | | | | 669,045 | |
I3 Verticals, Inc., Class A(a) | | | 42,030 | | | | 962,067 | |
International Money Express, Inc.(a) | | | 58,773 | | | | 1,341,788 | |
LendingClub Corp.(a) | | | 202,494 | | | | 1,779,922 | |
Priority Technology Holdings, Inc.(a) | | | 27,679 | | | | 90,510 | |
Repay Holdings Corp., Class A(a) | | | 154,665 | | | | 1,701,315 | |
Value Line, Inc.(b) | | | 1,578 | | | | 63,909 | |
| | | | | | | | |
| | |
| | | | | | | 17,337,174 | |
| | |
Financial Services — 0.3% | | | | | | |
Acacia Research Corp.(a) | | | 74,872 | | | | 399,068 | |
Enact Holdings, Inc. | | | 55,230 | | | | 1,722,071 | |
Ispire Technology, Inc.(a)(b) | | | 32,214 | | | | 197,472 | |
Karat Packaging, Inc. | | | 12,882 | | | | 368,554 | |
NewtekOne, Inc. | | | 42,892 | | | | 471,812 | |
Ocwen Financial Corp.(a) | | | 12,172 | | | | 328,766 | |
Pagseguro Digital Ltd., Class A(a) | | | 370,354 | | | | 5,288,655 | |
Paysign, Inc.(a) | | | 60,862 | | | | 222,755 | |
Security National Financial Corp., Class A(a)(b) | | | 21,792 | | | | 172,375 | |
Turning Point Brands, Inc. | | | 32,152 | | | | 942,053 | |
Universal Corp. | | | 44,969 | | | | 2,325,797 | |
Vector Group Ltd. | | | 271,134 | | | | 2,971,628 | |
| | | | | | | | |
| | |
| | | | | | | 15,411,006 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Food & Staples Retailing — 0.0% | |
Natural Grocers by Vitamin Cottage, Inc. | | | 17,991 | | | $ | 324,738 | |
| | | | | | | | |
|
Food Products — 0.1% | |
Benson Hill, Inc.(a)(b) | | | 300,534 | | | | 60,257 | |
Beyond Meat, Inc.(a)(b) | | | 111,396 | | | | 922,359 | |
BRC, Inc., Class A(a) | | | 77,301 | | | | 330,848 | |
Dole PLC | | | 133,391 | | | | 1,591,355 | |
Forafric Global PLC(a)(b) | | | 9,653 | | | | 100,005 | |
Hain Celestial Group, Inc.(a) | | | 166,780 | | | | 1,310,891 | |
Limoneira Co. | | | 33,384 | | | | 652,991 | |
SunOpta, Inc.(a) | | | 174,737 | | | | 1,200,443 | |
Westrock Coffee Co.(a)(b) | | | 53,027 | | | | 547,769 | |
| | | | | | | | |
| | |
| | | | | | | 6,716,918 | |
| | |
Foods — 0.8% | | | | | | |
B&G Foods, Inc. | | | 145,006 | | | | 1,658,869 | |
Chefs’ Warehouse, Inc.(a)(b) | | | 65,654 | | | | 2,472,530 | |
HF Foods Group, Inc.(a) | | | 64,885 | | | | 227,097 | |
J & J Snack Foods Corp. | | | 28,093 | | | | 4,061,124 | |
John B Sanfilippo & Son, Inc. | | | 16,718 | | | | 1,770,771 | |
Lancaster Colony Corp. | | | 36,438 | | | | 7,565,622 | |
Medifast, Inc. | | | 20,017 | | | | 767,051 | |
Mission Produce, Inc.(a)(b) | | | 91,158 | | | | 1,082,045 | |
Nature’s Sunshine Products, Inc.(a) | | | 24,658 | | | | 512,147 | |
Seneca Foods Corp., Class A(a)(b) | | | 9,375 | | | | 533,437 | |
Simply Good Foods Co.(a) | | | 169,336 | | | | 5,762,504 | |
SpartanNash Co. | | | 64,370 | | | | 1,300,918 | |
TreeHouse Foods, Inc.(a) | | | 94,687 | | | | 3,688,059 | |
United Natural Foods, Inc.(a) | | | 110,521 | | | | 1,269,886 | |
Utz Brands, Inc., Class A | | | 134,295 | | | | 2,476,400 | |
Vita Coco Co., Inc.(a) | | | 70,266 | | | | 1,716,598 | |
Vital Farms, Inc.(a) | | | 57,987 | | | | 1,348,198 | |
| | | | | | | | |
| | |
| | | | | | | 38,213,256 | |
| | |
Forest Products — 0.5% | | | | | | |
Boise Cascade Co. | | | 74,091 | | | | 11,363,337 | |
UFP Industries, Inc. | | | 112,043 | | | | 13,782,409 | |
| | | | | | | | |
| | |
| | | | | | | 25,145,746 | |
| | |
Forms & Bulk Printing Services — 0.1% | | | | | | |
Deluxe Corp. | | | 81,177 | | | | 1,671,434 | |
Ennis, Inc. | | | 47,535 | | | | 974,943 | |
Quad/Graphics, Inc., Class A | | | 53,805 | | | | 285,705 | |
| | | | | | | | |
| | |
| | | | | | | 2,932,082 | |
| | |
Fruit & Grain Processing — 0.1% | | | | | | |
MGP Ingredients, Inc. | | | 29,580 | | | | 2,547,725 | |
| | | | | | | | |
|
Funeral Parlors & Cemeteries — 0.2% | |
Carriage Services, Inc. | | | 24,227 | | | | 655,098 | |
Hillenbrand, Inc. | | | 130,735 | | | | 6,574,663 | |
Matthews International Corp., Class A | | | 55,414 | | | | 1,722,267 | |
| | | | | | | | |
| | |
| | | | | | | 8,952,028 | |
| | |
Gas Pipeline — 0.3% | | | | | | |
Equitrans Midstream Corp. | | | 814,806 | | | | 10,176,927 | |
Kinetik Holdings, Inc., Class A | | | 67,906 | | | | 2,707,412 | |
NextDecade Corp.(a)(b) | | | 141,760 | | | | 805,197 | |
| | | | | | | | |
| | |
| | | | | | | 13,689,536 | |
| | |
Glass — 0.1% | | | | | | |
Apogee Enterprises, Inc. | | | 41,216 | | | | 2,439,987 | |
| | | | | | | | |
|
Gold — 0.1% | |
Caledonia Mining Corp. PLC | | | 28,639 | | | | 317,034 | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Gold (continued) | |
Coeur Mining, Inc.(a)(b) | | | 669,042 | | | $ | 2,522,288 | |
Novagold Resources, Inc.(a) | | | 450,958 | | | | 1,352,874 | |
| | | | | | | | |
| | |
| | | | | | | 4,192,196 | |
| | |
Health Care Equipment & Services — 0.1% | | | | | | |
Embecta Corp. | | | 107,728 | | | | 1,429,551 | |
Figs, Inc., Class A(a) | | | 238,353 | | | | 1,186,998 | |
| | | | | | | | |
| | |
| | | | | | | 2,616,549 | |
| | |
Health Care Equipment & Supplies — 0.2% | | | | | | |
Adaptive Biotechnologies Corp.(a) | | | 215,546 | | | | 691,903 | |
Inogen, Inc.(a) | | | 46,655 | | | | 376,506 | |
Nano-X Imaging Ltd.(a)(b) | | | 86,733 | | | | 847,381 | |
OmniAb, Inc.(a)(b) | | | 174,959 | | | | 948,278 | |
OmniAb, Inc., 12.50 Earnout Shares(d) | | | 9,003 | | | | — | |
OmniAb, Inc., 15.00 Earnout Shares(d) | | | 9,003 | | | | — | |
Paragon 28, Inc.(a) | | | 82,444 | | | | 1,018,183 | |
PROCEPT BioRobotics Corp.(a)(b) | | | 75,224 | | | | 3,717,570 | |
Vicarious Surgical, Inc., Class A(a) | | | 121,523 | | | | 36,639 | |
Zimvie, Inc.(a) | | | 49,204 | | | | 811,374 | |
| | | | | | | | |
| | |
| | | | | | | 8,447,834 | |
| | |
Health Care Facilities — 0.7% | | | | | | |
Astrana Health, Inc.(a)(b) | | | 80,887 | | | | 3,396,445 | |
Brookdale Senior Living, Inc.(a)(b) | | | 347,568 | | | | 2,297,424 | |
CVRx, Inc.(a) | | | 19,870 | | | | 361,833 | |
Ensign Group, Inc. | | | 101,705 | | | | 12,654,136 | |
Joint Corp.(a) | | | 26,101 | | | | 340,879 | |
LifeStance Health Group, Inc.(a)(b) | | | 197,836 | | | | 1,220,648 | |
National HealthCare Corp. | | | 23,288 | | | | 2,200,949 | |
Pliant Therapeutics, Inc.(a) | | | 106,525 | | | | 1,587,223 | |
RxSight, Inc.(a) | | | 52,994 | | | | 2,733,431 | |
Select Medical Holdings Corp. | | | 193,847 | | | | 5,844,487 | |
Sight Sciences, Inc.(a) | | | 38,565 | | | | 203,623 | |
U.S. Physical Therapy, Inc. | | | 27,751 | | | | 3,132,255 | |
| | | | | | | | |
| | |
| | | | | | | 35,973,333 | |
|
Health Care Management Services(a) — 0.4% | |
Enhabit, Inc. | | | 93,878 | | | | 1,093,679 | |
Hims & Hers Health, Inc., Class A | | | 230,907 | | | | 3,572,131 | |
Option Care Health, Inc. | | | 312,606 | | | | 10,484,805 | |
Progyny, Inc.(b) | | | 148,154 | | | | 5,652,075 | |
Quipt Home Medical Corp. | | | 73,634 | | | | 321,781 | |
TruBridge, Inc. | | | 25,663 | | | | 236,613 | |
| | | | | | | | |
| | |
| | | | | | | 21,361,084 | |
|
Health Care Providers & Services(a) — 0.0% | |
23andMe Holding Co., Class A(b) | | | 579,844 | | | | 308,477 | |
DocGo, Inc.(b) | | | 145,712 | | | | 588,676 | |
P3 Health Partners, Inc., Class A | | | 69,896 | | | | 71,993 | |
| | | | | | | | |
| | |
| | | | | | | 969,146 | |
| | |
Health Care Services — 1.4% | | | | | | |
Accolade, Inc.(a) | | | 129,387 | | | | 1,355,976 | |
Addus HomeCare Corp.(a) | | | 29,178 | | | | 3,015,255 | |
Agiliti, Inc.(a) | | | 56,703 | | | | 573,834 | |
AirSculpt Technologies, Inc.(a)(b) | | | 19,556 | | | | 120,074 | |
Alignment Healthcare, Inc.(a) | | | 161,825 | | | | 802,652 | |
American Well Corp., Class A(a) | | | 455,326 | | | | 369,133 | |
AMN Healthcare Services, Inc.(a) | | | 71,075 | | | | 4,442,898 | |
Aveanna Healthcare Holdings, Inc.(a) | | | 99,315 | | | | 247,294 | |
BrightSpring Health Services, Inc.(a) | | | 100,534 | | | | 1,092,805 | |
Butterfly Network, Inc., Class A(a)(b) | | | 260,971 | | | | 281,849 | |
Cara Therapeutics, Inc.(a) | | | 77,774 | | | | 70,774 | |
CareMax,Inc., Class A(a)(b) | | | 4,348 | | | | 20,957 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Health Care Services (continued) | |
CorVel Corp.(a) | | | 16,260 | | | $ | 4,275,730 | |
Cross Country Healthcare, Inc.(a) | | | 62,593 | | | | 1,171,741 | |
Definitive Healthcare Corp., Class A(a) | | | 89,111 | | | | 719,126 | |
Health Catalyst, Inc.(a) | | | 106,440 | | | | 801,493 | |
HealthEquity, Inc.(a) | | | 158,637 | | | | 12,949,538 | |
Inari Medical, Inc.(a) | | | 99,745 | | | | 4,785,765 | |
ModivCare, Inc.(a) | | | 24,724 | | | | 579,778 | |
NeoGenomics, Inc.(a) | | | 237,531 | | | | 3,733,987 | |
Omnicell, Inc.(a) | | | 83,809 | | | | 2,449,737 | |
OptimizeRx Corp.(a) | | | 28,884 | | | | 350,941 | |
Pediatrix Medical Group, Inc.(a) | | | 156,916 | | | | 1,573,867 | |
Pennant Group, Inc.(a) | | | 53,201 | | | | 1,044,336 | |
Phibro Animal Health Corp., Class A | | | 38,274 | | | | 494,883 | |
Phreesia, Inc.(a) | | | 98,785 | | | | 2,363,925 | |
Privia Health Group, Inc.(a)(b) | | | 209,938 | | | | 4,112,685 | |
Ryman Hospitality Properties, Inc. | | | 108,868 | | | | 12,586,229 | |
Sharecare, Inc., Class A(a)(b) | | | 568,164 | | | | 436,066 | |
Surgery Partners, Inc.(a) | | | 140,970 | | | | 4,205,135 | |
Viemed Healthcare, Inc.(a) | | | 64,686 | | | | 609,989 | |
| | | | | | | | |
| | |
| | | | | | | 71,638,452 | |
| | |
Home Building — 1.6% | | | | | | |
Beazer Homes USA, Inc.(a) | | | 54,958 | | | | 1,802,622 | |
Century Communities, Inc. | | | 53,066 | | | | 5,120,869 | |
Hovnanian Enterprises, Inc., Class A(a) | | | 9,093 | | | | 1,427,056 | |
Installed Building Products, Inc.(b) | | | 44,213 | | | | 11,439,230 | |
KB Home | | | 127,147 | | | | 9,012,179 | |
Legacy Housing Corp.(a) | | | 20,390 | | | | 438,793 | |
LGI Homes, Inc.(a)(b) | | | 38,828 | | | | 4,518,414 | |
M/I Homes, Inc.(a) | | | 50,251 | | | | 6,848,709 | |
MDC Holdings, Inc. | | | 111,875 | | | | 7,038,056 | |
Meritage Homes Corp. | | | 67,948 | | | | 11,922,156 | |
Taylor Morrison Home Corp., Class A(a) | | | 193,271 | | | | 12,015,658 | |
Tile Shop Holdings, Inc.(a) | | | 56,497 | | | | 397,174 | |
Tri Pointe Homes, Inc.(a) | | | 179,404 | | | | 6,935,759 | |
| | | | | | | | |
| | |
| | | | | | | 78,916,675 | |
| | |
Hotel/Motel — 0.2% | | | | | | |
Bally’s Corp.(a) | | | 56,062 | | | | 781,504 | |
First Watch Restaurant Group, Inc.(a)(b) | | | 41,543 | | | | 1,022,789 | |
Krispy Kreme, Inc. | | | 163,283 | | | | 2,487,616 | |
Marcus Corp. | | | 44,558 | | | | 635,397 | |
Red Rock Resorts, Inc., Class A | | | 88,796 | | | | 5,311,777 | |
Xponential Fitness, Inc., Class A(a) | | | 43,835 | | | | 725,031 | |
| | | | | | | | |
| | |
| | | | | | | 10,964,114 | |
| | |
Hotels, Restaurants & Leisure — 0.1% | | | | | | |
Bowlero Corp., Class A(b) | | | 30,627 | | | | 419,590 | |
Empire Resorts, Inc.(d) | | | 5,132 | | | | — | |
Global Business Travel Group I, Class A(a)(b) | | | 58,993 | | | | 354,548 | |
Mondee Holdings, Inc., Class A(a)(b) | | | 87,266 | | | | 201,585 | |
Six Flags Entertainment Corp.(a) | | | 136,101 | | | | 3,582,178 | |
Super Group SGHC Ltd.(a) | | | 257,267 | | | | 887,571 | |
| | | | | | | | |
| | |
| | | | | | | 5,445,472 | |
| | |
Household Appliances(a) — 0.0% | | | | | | |
Landsea Homes Corp. | | | 36,898 | | | | 536,128 | |
Snap One Holdings Corp. | | | 32,217 | | | | 277,711 | |
Traeger, Inc. | | | 59,759 | | | | 151,190 | |
| | | | | | | | |
| | |
| | | | | | | 965,029 | |
| | |
Household Durables — 0.1% | | | | | | |
Cricut, Inc., Class A | | | 86,100 | | | | 409,836 | |
Dream Finders Homes, Inc., Class A(a) | | | 45,171 | | | | 1,975,328 | |
| | |
SERIES SCHEDULE OF INVESTMENTS | | 11 |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Household Durables (continued) | |
United Homes Group, Inc., Class A(a)(b) | | | 12,199 | | | $ | 85,271 | |
Vizio Holding Corp., Class A(a)(b) | | | 143,178 | | | | 1,566,367 | |
Waldencast PLC, Class A(a) | | | 56,516 | | | | 367,354 | |
| | | | | | | | |
| | |
| | | | | | | 4,404,156 | |
| | |
Household Equipment & Products — 0.5% | | | | | | |
Central Garden & Pet Co.(a) | | | 17,972 | | | | 769,741 | |
Central Garden & Pet Co., Class A(a) | | | 96,293 | | | | 3,555,138 | |
Energizer Holdings, Inc. | | | 133,653 | | | | 3,934,744 | |
Helen of Troy Ltd.(a) | | | 44,360 | | | | 5,112,046 | |
Zurn Elkay Water Solutions Corp. | | | 276,033 | | | | 9,238,825 | |
| | | | | | | | |
| | |
| | | | | | | 22,610,494 | |
| | |
Household Furnishings — 0.2% | | | | | | |
American Woodmark Corp.(a) | | | 29,929 | | | | 3,042,582 | |
Ethan Allen Interiors, Inc. | | | 42,598 | | | | 1,472,613 | |
Hooker Furnishings Corp. | | | 19,177 | | | | 460,440 | |
La-Z-Boy, Inc. | | | 80,979 | | | | 3,046,430 | |
Lovesac Co.(a) | | | 25,932 | | | | 586,063 | |
Purple Innovation, Inc.(b) | | | 91,301 | | | | 158,864 | |
Sleep Number Corp.(a) | | | 41,158 | | | | 659,762 | |
| | | | | | | | |
| | |
| | | | | | | 9,426,754 | |
|
Independent Power Producers & Energy Traders(a) — 0.0% | |
Altus Power, Inc., Class A(b) | | | 116,386 | | | | 556,325 | |
Montauk Renewables, Inc. | | | 128,305 | | | | 533,749 | |
| | | | | | | | |
| | |
| | | | | | | 1,090,074 | |
| | |
Industrial Conglomerates — 0.0% | | | | | | |
Brookfield Business Corp., Class A | | | 48,473 | | | | 1,170,138 | |
| | | | | | | | |
|
Insurance — 0.4% | |
F&G Annuities & Life, Inc. | | | 31,514 | | | | 1,277,893 | |
Fidelis Insurance Holdings Ltd. | | | 112,944 | | | | 2,200,149 | |
GoHealth, Inc., Class A(a)(b) | | | 6,637 | | | | 69,755 | |
Hamilton Insurance Group Ltd., Class B(a) | | | 32,854 | | | | 457,656 | |
Kingsway Financial Services, Inc.(a) | | | 20,483 | | | | 170,828 | |
Lemonade, Inc.(a)(b) | | | 94,546 | | | | 1,551,500 | |
Marqeta, Inc., Class A(a) | | | 879,611 | | | | 5,242,481 | |
Mercury General Corp. | | | 49,995 | | | | 2,579,742 | |
Oscar Health, Inc., Class A(a) | | | 300,348 | | | | 4,466,175 | |
Skyward Specialty Insurance Group, Inc.(a) | | | 55,539 | | | | 2,077,714 | |
| | | | | | | | |
| | |
| | | | | | | 20,093,893 | |
| | |
Insurance: Life — 0.4% | | | | | | |
American Equity Investment Life Holding Co.(a) | | | 146,656 | | | | 8,245,000 | |
CNO Financial Group, Inc. | | | 208,916 | | | | 5,741,012 | |
National Western Life Group, Inc., Class A(b) | | | 4,243 | | | | 2,087,386 | |
Selectquote, Inc.(a) | | | 254,562 | | | | 509,124 | |
Trupanion, Inc.(a)(b) | | | 73,805 | | | | 2,037,756 | |
| | | | | | | | |
| | |
| | | | | | | 18,620,278 | |
| | |
Insurance: Multi-Line — 0.4% | | | | | | |
BRP Group, Inc., Class A(a) | | | 112,307 | | | | 3,250,165 | |
Crawford & Co., Class A | | | 27,631 | | | | 260,560 | |
eHealth, Inc.(a) | | | 56,934 | | | | 343,312 | |
Goosehead Insurance, Inc., Class A(a) | | | 40,191 | | | | 2,677,524 | |
Horace Mann Educators Corp. | | | 63,440 | | | | 2,346,646 | |
James River Group Holdings Ltd. | | | 71,214 | | | | 662,290 | |
Maiden Holdings Ltd.(a) | | | 178,052 | | | | 400,617 | |
Mr. Cooper Group, Inc.(a) | | | 120,318 | | | | 9,378,788 | |
SiriusPoint Ltd.(a) | | | 132,748 | | | | 1,687,227 | |
| | | | | | | | |
| | |
| | | | | | | 21,007,129 | |
| | |
Insurance: Property-Casualty — 1.3% | | | | | | |
American Coastal Insurance Corp.(a) | | | 37,089 | | | | 396,481 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Insurance: Property-Casualty (continued) | |
AMERISAFE, Inc. | | | 35,565 | | | $ | 1,784,296 | |
Donegal Group, Inc., Class A | | | 30,640 | | | | 433,250 | |
Employers Holdings, Inc. | | | 41,660 | | | | 1,890,947 | |
Enstar Group Ltd.(a) | | | 22,257 | | | | 6,916,585 | |
Essent Group Ltd. | | | 195,480 | | | | 11,633,015 | |
Genworth Financial, Inc., Class A(a) | | | 710,538 | | | | 4,568,759 | |
Greenlight Capital Re Ltd., Class A(a) | | | 48,876 | | | | 609,484 | |
HCI Group, Inc. | | | 13,595 | | | | 1,578,107 | |
Investors Title Co. | | | 2,120 | | | | 345,963 | |
NI Holdings, Inc.(a) | | | 13,752 | | | | 208,343 | |
NMI Holdings, Inc., Class A(a) | | | 148,652 | | | | 4,807,406 | |
Palomar Holdings, Inc.(a) | | | 45,482 | | | | 3,812,756 | |
ProAssurance Corp. | | | 77,287 | | | | 993,911 | |
Radian Group, Inc. | | | 246,110 | | | | 8,237,302 | |
Safety Insurance Group, Inc. | | | 25,198 | | | | 2,071,024 | |
Selective Insurance Group, Inc. | | | 112,323 | | | | 12,262,302 | |
Stewart Information Services Corp. | | | 40,510 | | | | 2,635,580 | |
United Fire Group, Inc. | | | 38,079 | | | | 828,980 | |
Universal Insurance Holdings, Inc. | | | 45,838 | | | | 931,428 | |
| | | | | | | | |
| | |
| | | | | | | 66,945,919 | |
|
International Trade & Diversified Logistic(a) — 0.0% | |
CryoPort, Inc.(b) | | | 80,672 | | | | 1,427,894 | |
Radiant Logistics, Inc. | | | 64,025 | | | | 347,016 | |
| | | | | | | | |
| | |
| | | | | | | 1,774,910 | |
| | |
Internet & Catalog Retail(a) — 0.0% | | | | | | |
BARK, Inc.(b) | | | 266,213 | | | | 330,104 | |
ThredUp, Inc., Class A(b) | | | 134,848 | | | | 269,696 | |
Vivid Seats, Inc., Class A | | | 139,387 | | | | 834,928 | |
| | | | | | | | |
| | |
| | | | | | | 1,434,728 | |
| | |
Internet Software & Services(a) — 0.3% | | | | | | |
eGain Corp. | | | 40,271 | | | | 259,748 | |
Flywire Corp. | | | 198,202 | | | | 4,917,392 | |
Gogo, Inc. | | | 123,639 | | | | 1,085,550 | |
MediaAlpha, Inc., Class A | | | 42,828 | | | | 872,406 | |
Outbrain, Inc. | | | 70,537 | | | | 278,621 | |
Remitly Global, Inc. | | | 253,680 | | | | 5,261,323 | |
Rent the Runway, Inc., Class A(b) | | | 86,971 | | | | 30,040 | |
TrueCar, Inc. | | | 168,364 | | | | 570,754 | |
Xometry, Inc., Class A | | | 63,303 | | | | 1,069,188 | |
| | | | | | | | |
| | |
| | | | | | | 14,345,022 | |
| | |
IT Services — 0.5% | | | | | | |
BigBear.ai Holdings, Inc.(a) | | | 96,597 | | | | 198,024 | |
Bread Financial Holdings, Inc. | | | 45,593 | | | | 1,697,883 | |
Fastly, Inc., Class A(a) | | | 228,097 | | | | 2,958,418 | |
Payoneer Global, Inc.(a) | | | 441,513 | | | | 2,145,753 | |
Paysafe Ltd.(a) | | | 59,359 | | | | 937,279 | |
Sabre Corp.(a) | | | 617,693 | | | | 1,494,817 | |
SolarWinds Corp.(a) | | | 96,252 | | | | 1,214,700 | |
Squarespace, Inc., Class A(a) | | | 105,903 | | | | 3,859,105 | |
StoneCo Ltd., Class A(a) | | | 542,914 | | | | 9,017,802 | |
Thoughtworks Holding, Inc.(a) | | | 168,475 | | | | 426,242 | |
| | | | | | | | |
| | |
| | | | | | | 23,950,023 | |
| | |
Leisure Time — 0.7% | | | | | | |
Acushnet Holdings Corp. | | | 56,515 | | | | 3,727,164 | |
AMMO, Inc.(a) | | | 168,298 | | | | 462,819 | |
Clarus Corp. | | | 45,706 | | | | 308,516 | |
Escalade, Inc. | | | 17,369 | | | | 238,824 | |
Hilton Grand Vacations, Inc.(a)(b) | | | 147,131 | | | | 6,946,055 | |
JAKKS Pacific, Inc.(a) | | | 13,882 | | | | 342,885 | |
Johnson Outdoors, Inc., Class A | | | 9,970 | | | | 459,717 | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Leisure Time (continued) | |
Latham Group, Inc.(a) | | | 68,765 | | | $ | 272,309 | |
Life Time Group Holdings, Inc.(a) | | | 83,271 | | | | 1,292,366 | |
Lindblad Expeditions Holdings, Inc.(a) | | | 67,668 | | | | 631,342 | |
OneSpaWorld Holdings Ltd.(a) | | | 155,587 | | | | 2,058,416 | |
Portillo’s, Inc., Class A(a)(b) | | | 84,515 | | | | 1,198,423 | |
RCI Hospitality Holdings, Inc. | | | 16,445 | | | | 953,810 | |
Smith & Wesson Brands, Inc. | | | 85,283 | | | | 1,480,513 | |
Sphere Entertainment Co., Class A(a) | | | 49,625 | | | | 2,435,595 | |
Sturm Ruger & Co., Inc. | | | 32,615 | | | | 1,505,182 | |
Topgolf Callaway Brands Corp.(a) | | | 268,433 | | | | 4,340,562 | |
United Parks & Resorts, Inc.(a) | | | 67,837 | | | | 3,813,118 | |
Vista Outdoor, Inc.(a) | | | 107,758 | | | | 3,532,307 | |
| | | | | | | | |
| | |
| | | | | | | 35,999,923 | |
| | |
Life Sciences Tools & Services — 0.0% | | | | | | |
WaVe Life Sciences Ltd.(a) | | | 130,259 | | | | 803,698 | |
| | | | | | | | |
|
Luxury Items — 0.2% | |
Movado Group, Inc. | | | 29,297 | | | | 818,265 | |
Signet Jewelers Ltd. | | | 81,479 | | | | 8,153,604 | |
Stagwell, Inc., Class A(a)(b) | | | 155,004 | | | | 964,125 | |
| | | | | | | | |
| | |
| | | | | | | 9,935,994 | |
| | |
Machinery(a) — 0.1% | | | | | | |
Hillman Solutions Corp.(b) | | | 364,179 | | | | 3,874,865 | |
Matterport, Inc., Class A | | | 486,886 | | | | 1,100,362 | |
Microvast Holdings, Inc.(b) | | | 449,037 | | | | 375,844 | |
Velo3D, Inc.(b) | | | 153,863 | | | | 70,100 | |
| | | | | | | | |
| | |
| | | | | | | 5,421,171 | |
| | |
Machinery: Agricultural — 0.4% | | | | | | |
Alamo Group, Inc. | | | 18,826 | | | | 4,298,540 | |
Integral Ad Science Holding Corp.(a) | | | 125,673 | | | | 1,252,960 | |
Lindsay Corp. | | | 20,618 | | | | 2,425,914 | |
SPX Technologies, Inc.(a)(b) | | | 82,346 | | | | 10,139,263 | |
Titan International, Inc.(a) | | | 95,848 | | | | 1,194,266 | |
Titan Machinery, Inc.(a) | | | 38,632 | | | | 958,460 | |
| | | | | | | | |
| | |
| | | | | | | 20,269,403 | |
|
Machinery: Construction & Handling — 0.2% | |
Astec Industries, Inc. | | | 42,394 | | | | 1,853,042 | |
Douglas Dynamics, Inc. | | | 42,138 | | | | 1,016,368 | |
Manitowoc Co., Inc.(a) | | | 65,698 | | | | 928,970 | |
NACCO Industries, Inc., Class A | | | 7,348 | | | | 221,909 | |
Terex Corp. | | | 124,052 | | | | 7,988,949 | |
| | | | | | | | |
| | |
| | | | | | | 12,009,238 | |
| | |
Machinery: Industrial — 1.3% | | | | | | |
Applied Industrial Technologies, Inc. | | | 71,989 | | | | 14,221,427 | |
Chart Industries, Inc.(a)(b) | | | 80,182 | | | | 13,207,579 | |
Columbus McKinnon Corp./New York | | | 52,621 | | | | 2,348,475 | |
Desktop Metal, Inc., Class A(a)(b) | | | 547,221 | | | | 481,554 | |
DXP Enterprises, Inc.(a) | | | 24,675 | | | | 1,325,788 | |
Enpro, Inc. | | | 39,084 | | | | 6,596,207 | |
EVI Industries, Inc. | | | 9,066 | | | | 225,743 | |
Gencor Industries, Inc.(a) | | | 18,389 | | | | 306,912 | |
Hyliion Holdings Corp., Class A(a)(b) | | | 294,759 | | | | 518,776 | |
Hyster-Yale Materials Handling, Inc., Class A | | | 20,758 | | | | 1,332,041 | |
Intevac, Inc.(a) | | | 50,364 | | | | 193,398 | |
John Bean Technologies Corp. | | | 59,407 | | | | 6,231,200 | |
Kadant, Inc. | | | 21,808 | | | | 7,155,205 | |
Kennametal, Inc. | | | 148,723 | | | | 3,709,152 | |
Mayville Engineering Co., Inc.(a)(b) | | | 21,748 | | | | 311,649 | |
Nikola Corp.(a)(b) | | | 1,377,166 | | | | 1,432,253 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Machinery: Industrial (continued) | |
Omega Flex, Inc. | | | 6,157 | | | $ | 436,716 | |
Proto Labs, Inc.(a) | | | 48,396 | | | | 1,730,157 | |
Tennant Co. | | | 34,536 | | | | 4,199,923 | |
| | | | | | | | |
| | |
| | | | | | | 65,964,155 | |
| | |
Machinery: Specialty — 0.1% | | | | | | |
Albany International Corp., Class A | | | 58,363 | | | | 5,457,524 | |
| | | | | | | | |
|
Manufactured Housing(a) — 0.3% | |
Cavco Industries, Inc. | | | 15,629 | | | | 6,236,909 | |
Skyline Champion Corp. | | | 100,949 | | | | 8,581,674 | |
| | | | | | | | |
| | |
| | | | | | | 14,818,583 | |
| | |
Marine — 0.1% | | | | | | |
Golden Ocean Group Ltd.(a) | | | 229,565 | | | | 2,975,162 | |
| | | | | | | | |
|
Media — 0.2% | |
Bumble, Inc., Class A(a) | | | 188,739 | | | | 2,142,188 | |
Gambling.com Group Ltd.(a) | | | 28,577 | | | | 260,908 | |
PubMatic, Inc., Class A(a) | | | 77,722 | | | | 1,843,566 | |
Sinclair, Inc., Class A(b) | | | 62,140 | | | | 837,026 | |
Townsquare Media, Inc., Class A | | | 21,670 | | | | 237,936 | |
Urban One, Inc., Class A(a) | | | 12,790 | | | | 34,533 | |
Urban One, Inc., Class D(a) | | | 18,543 | | | | 37,828 | |
Vimeo, Inc.(a) | | | 232,955 | | | | 952,786 | |
ZipRecruiter, Inc., Class A(a) | | | 126,143 | | | | 1,449,383 | |
| | | | | | | | |
| | |
| | | | | | | 7,796,154 | |
|
Medical & Dental Instruments & Supplies — 1.4% | |
Akoya Biosciences, Inc.(a)(b) | | | 40,656 | | | | 190,677 | |
Alphatec Holdings, Inc.(a) | | | 171,923 | | | | 2,370,818 | |
AngioDynamics, Inc.(a) | | | 70,684 | | | | 414,915 | |
Anika Therapeutics, Inc.(a) | | | 27,284 | | | | 693,014 | |
Artivion, Inc.(a) | | | 73,424 | | | | 1,553,652 | |
AtriCure, Inc.(a) | | | 86,838 | | | | 2,641,612 | |
Atrion Corp. | | | 2,566 | | | | 1,189,469 | |
Avanos Medical, Inc.(a) | | | 86,261 | | | | 1,717,457 | |
Axogen, Inc.(a) | | | 77,107 | | | | 622,253 | |
BioLife Solutions, Inc.(a) | | | 66,095 | | | | 1,226,062 | |
Cerus Corp.(a) | | | 340,372 | | | | 643,303 | |
Community Health Systems, Inc.(a) | | | 227,855 | | | | 797,493 | |
CONMED Corp. | | | 57,169 | | | | 4,578,094 | |
Cutera, Inc.(a)(b) | | | 34,992 | | | | 51,438 | |
InfuSystem Holdings, Inc.(a) | | | 31,690 | | | | 271,583 | |
Inmode Ltd.(a) | | | 144,427 | | | | 3,121,067 | |
LeMaitre Vascular, Inc. | | | 36,815 | | | | 2,443,043 | |
LivaNova PLC(a) | | | 101,151 | | | | 5,658,387 | |
Merit Medical Systems, Inc.(a) | | | 106,027 | | | | 8,031,545 | |
Neogen Corp.(a)(b) | | | 406,323 | | | | 6,411,777 | |
Ocular Therapeutix, Inc.(a)(b) | | | 215,512 | | | | 1,961,159 | |
OraSure Technologies, Inc.(a) | | | 135,964 | | | | 836,179 | |
Orchestra BioMed Holdings, Inc.(a) | | | 24,708 | | | | 130,211 | |
Organogenesis Holdings, Inc., Class A(a) | | | 128,915 | | | | 366,119 | |
Orthofix Medical, Inc.(a) | | | 65,993 | | | | 958,218 | |
OrthoPediatrics Corp.(a) | | | 29,609 | | | | 863,398 | |
Outset Medical, Inc.(a) | | | 88,207 | | | | 195,820 | |
Owens & Minor, Inc.(a) | | | 138,475 | | | | 3,837,142 | |
Patterson Cos., Inc. | | | 155,770 | | | | 4,307,040 | |
Pulmonx Corp.(a) | | | 70,276 | | | | 651,459 | |
Sanara Medtech, Inc.(a) | | | 7,363 | | | | 272,431 | |
Semler Scientific, Inc.(a) | | | 8,215 | | | | 239,960 | |
STAAR Surgical Co.(a)(b) | | | 91,543 | | | | 3,504,266 | |
Surmodics, Inc.(a) | | | 24,882 | | | | 730,038 | |
| | |
SERIES SCHEDULE OF INVESTMENTS | | 13 |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Medical & Dental Instruments & Supplies (continued) | |
TransMedics Group, Inc.(a)(b) | | | 59,139 | | | $ | 4,372,738 | |
Treace Medical Concepts, Inc.(a) | | | 84,401 | | | | 1,101,433 | |
Utah Medical Products, Inc. | | | 6,597 | | | | 469,113 | |
| | | | | | | | |
| | |
| | | | | | | 69,424,383 | |
| | |
Medical Equipment — 0.9% | | | | | | |
Accuray, Inc.(a) | | | 172,305 | | | | 425,594 | |
AdaptHealth Corp.(a) | | | 178,424 | | | | 2,053,660 | |
Beyond Air, Inc.(a)(b) | | | 42,993 | | | | 74,808 | |
CareDx, Inc.(a) | | | 97,026 | | | | 1,027,505 | |
ClearPoint Neuro, Inc.(a) | | | 43,569 | | | | 296,269 | |
Cytek Biosciences, Inc.(a)(b) | | | 225,917 | | | | 1,515,903 | |
Glaukos Corp.(a)(b) | | | 88,442 | | | | 8,339,196 | |
Haemonetics Corp.(a) | | | 93,515 | | | | 7,981,505 | |
iRadimed Corp. | | | 14,142 | | | | 622,107 | |
iRhythm Technologies, Inc.(a)(b) | | | 57,211 | | | | 6,636,476 | |
KORU Medical Systems, Inc.(a)(b) | | | 63,861 | | | | 150,712 | |
Lantheus Holdings, Inc.(a)(b) | | | 126,863 | | | | 7,895,953 | |
Nevro Corp.(a) | | | 67,036 | | | | 968,000 | |
Quanterix Corp.(a) | | | 66,461 | | | | 1,565,821 | |
Seer, Inc., Class A(a) | | | 102,718 | | | | 195,164 | |
SI-BONE, Inc.(a)(b) | | | 74,150 | | | | 1,213,836 | |
Silk Road Medical, Inc.(a) | | | 71,626 | | | | 1,312,188 | |
Tactile Systems Technology, Inc.(a) | | | 44,490 | | | | 722,963 | |
Varex Imaging Corp.(a) | | | 73,107 | | | | 1,323,237 | |
Zynex, Inc.(a)(b) | | | 32,349 | | | | 400,157 | |
| | | | | | | | |
| | |
| | | | | | | 44,721,054 | |
| | |
Medical Services(a) — 0.0% | | | | | | |
Fulgent Genetics, Inc. | | | 38,418 | | | | 833,671 | |
Innovage Holding Corp. | | | 30,150 | | | | 133,866 | |
Tela Bio, Inc.(b) | | | 26,671 | | | | 151,224 | |
| | | | | | | | |
| | |
| | | | | | | 1,118,761 | |
| | |
Metal Fabricating — 0.6% | | | | | | |
CompX International, Inc. | | | 2,464 | | | | 84,515 | |
Distribution Solutions Group, Inc.(a)(b) | | | 18,677 | | | | 662,660 | |
DMC Global, Inc.(a) | | | 37,335 | | | | 727,659 | |
GrafTech International Ltd. | | | 375,186 | | | | 517,757 | |
Haynes International, Inc. | | | 23,629 | | | | 1,420,576 | |
MRC Global, Inc.(a) | | | 156,486 | | | | 1,967,029 | |
Mueller Industries, Inc. | | | 209,111 | | | | 11,277,356 | |
Mueller Water Products, Inc., Series A | | | 289,494 | | | | 4,657,958 | |
Northwest Pipe Co.(a) | | | 18,119 | | | | 628,367 | |
Worthington Enterprises, Inc. | | | 57,439 | | | | 3,574,429 | |
Worthington Steel, Inc. | | | 57,439 | | | | 2,059,188 | |
| | | | | | | | |
| | |
| | | | | | | 27,577,494 | |
| | |
Metals & Minerals: Diversified — 1.0% | | | | | | |
Alpha Metallurgical Resources, Inc. | | | 21,544 | | | | 7,134,727 | |
Commercial Metals Co. | | | 218,549 | | | | 12,844,125 | |
Compass Minerals International, Inc. | | | 63,891 | | | | 1,005,644 | |
Constellium SE, Class A(a) | | | 240,313 | | | | 5,313,321 | |
Energy Fuels, Inc./Canada(a)(b) | | | 298,953 | | | | 1,880,414 | |
Hecla Mining Co. | | | 1,139,799 | | | | 5,482,433 | |
Intrepid Potash, Inc.(a) | | | 19,595 | | | | 408,752 | |
Materion Corp. | | | 38,308 | | | | 5,047,079 | |
Minerals Technologies, Inc. | | | 60,704 | | | | 4,569,797 | |
Oil-Dri Corp. of America | | | 9,462 | | | | 705,487 | |
Perpetua Resources Corp.(a) | | | 71,008 | | | | 295,393 | |
Ring Energy, Inc.(a)(b) | | | 230,505 | | | | 451,790 | |
SunCoke Energy, Inc. | | | 155,870 | | | | 1,756,655 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Metals & Minerals: Diversified (continued) | |
U.S. Lime & Minerals, Inc. | | | 3,866 | | | $ | 1,152,609 | |
U.S. Silica Holdings, Inc.(a) | | | 140,576 | | | | 1,744,548 | |
| | | | | | | | |
| | |
| | | | | | | 49,792,774 | |
| | |
Metals & Mining — 0.0% | | | | | | |
Contango ORE, Inc.(a)(b) | | | 7,011 | | | | 139,168 | |
i-80 Gold Corp.(a)(b) | | | 386,561 | | | | 517,992 | |
Ramaco Resources, Inc., Class A | | | 42,345 | | | | 713,090 | |
Ramaco Resources, Inc., Class B | | | 7,704 | | | | 96,685 | |
| | | | | | | | |
| | |
| | | | | | | 1,466,935 | |
| | |
Mining(a) — 0.0% | | | | | | |
5E Advanced Materials, Inc.(b) | | | 68,231 | | | | 91,429 | |
Dakota Gold Corp. | | | 103,435 | | | | 245,141 | |
Piedmont Lithium, Inc. | | | 31,943 | | | | 425,481 | |
| | | | | | | | |
| | |
| | | | | | | 762,051 | |
| | |
Office Supplies & Equipment — 0.2% | | | | | | |
ACCO Brands Corp. | | | 172,844 | | | | 969,655 | |
Eastman Kodak Co.(a)(b) | | | 109,400 | | | | 541,530 | |
HNI Corp. | | | 86,140 | | | | 3,887,498 | |
MillerKnoll, Inc. | | | 137,639 | | | | 3,407,942 | |
Pitney Bowes, Inc. | | | 200,937 | | | | 870,057 | |
Steelcase, Inc., Class A | | | 172,807 | | | | 2,260,316 | |
| | | | | | | | |
| | |
| | | | | | | 11,936,998 | |
| | |
Oil & Gas Producers — 0.4% | | | | | | |
Civitas Resources, Inc. | | | 150,833 | | | | 11,449,733 | |
Crescent Energy Co., Class A | | | 143,745 | | | | 1,710,566 | |
HighPeak Energy, Inc. | | | 24,090 | | | | 379,899 | |
Kosmos Energy Ltd.(a) | | | 851,517 | | | | 5,075,041 | |
| | | | | | | | |
| | |
| | | | | | | 18,615,239 | |
| | |
Oil Well Equipment & Services — 1.2% | | | | | | |
Bristow Group, Inc.(a) | | | 44,051 | | | | 1,198,187 | |
Cactus, Inc., Class A | | | 122,205 | | | | 6,121,249 | |
ChampionX Corp. | | | 365,250 | | | | 13,108,823 | |
Dril-Quip, Inc.(a) | | | 63,463 | | | | 1,429,821 | |
Helix Energy Solutions Group, Inc.(a) | | | 268,368 | | | | 2,909,109 | |
Helmerich & Payne, Inc. | | | 181,636 | | | | 7,639,610 | |
Liberty Energy, Inc., Class A | | | 306,469 | | | | 6,350,038 | |
Nabors Industries Ltd.(a) | | | 17,088 | | | | 1,471,789 | |
Newpark Resources, Inc.(a) | | | 140,927 | | | | 1,017,493 | |
Oceaneering International, Inc.(a) | | | 187,440 | | | | 4,386,096 | |
Oil States International, Inc.(a) | | | 118,619 | | | | 730,693 | |
Patterson-UTI Energy, Inc. | | | 659,583 | | | | 7,875,421 | |
ProPetro Holding Corp.(a) | | | 176,026 | | | | 1,422,290 | |
RPC, Inc. | | | 158,605 | | | | 1,227,603 | |
Select Water Solutions, Inc., Class A | | | 148,935 | | | | 1,374,670 | |
Solaris Oilfield Infrastructure, Inc., Class A | | | 53,881 | | | | 467,148 | |
TETRA Technologies, Inc.(a) | | | 233,657 | | | | 1,035,101 | |
| | | | | | | | |
| | |
| | | | | | | 59,765,141 | |
|
Oil, Gas & Consumable Fuels — 0.6% | |
Archrock, Inc. | | | 259,330 | | | | 5,101,021 | |
Ardmore Shipping Corp. | | | 77,842 | | | | 1,278,166 | |
DHT Holdings, Inc. | | | 252,702 | | | | 2,906,073 | |
Dorian LPG Ltd. | | | 64,312 | | | | 2,473,440 | |
Empire Petroleum Corp.(a) | | | 25,444 | | | | 130,019 | |
Encore Energy Corp.(a) | | | 304,684 | | | | 1,334,516 | |
Excelerate Energy, Inc., Class A | | | 34,227 | | | | 548,317 | |
FLEX LNG Ltd.(a) | | | 55,559 | | | | 1,412,865 | |
Granite Ridge Resources, Inc. | | | 62,687 | | | | 407,465 | |
Gulfport Energy Corp.(a) | | | 20,394 | | | | 3,265,487 | |
Noble Corp. PLC | | | 210,079 | | | | 10,186,731 | |
ProFrac Holding Corp., Class A(a)(b) | | | 47,256 | | | | 395,060 | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Oil, Gas & Consumable Fuels (continued) | |
VAALCO Energy, Inc. | | | 197,571 | | | $ | 1,377,070 | |
Vertex Energy, Inc.(a) | | | 117,445 | | | | 164,423 | |
Vitesse Energy, Inc. | | | 46,743 | | | | 1,109,211 | |
| | | | | | | | |
| | |
| | | | | | | 32,089,864 | |
| | |
Oil: Crude Producers — 1.8% | | | | | | |
Amplify Energy Corp.(a) | | | 74,116 | | | | 489,907 | |
Berry Corp. | | | 140,994 | | | | 1,135,002 | |
California Resources Corp. | | | 129,958 | | | | 7,160,686 | |
Chord Energy Corp. | | | 78,067 | | | | 13,914,662 | |
CNX Resources Corp.(a)(b) | | | 292,197 | | | | 6,930,913 | |
Comstock Resources, Inc. | | | 171,448 | | | | 1,591,037 | |
CVR Energy, Inc. | | | 55,290 | | | | 1,971,641 | |
Evolution Petroleum Corp. | | | 58,871 | | | | 361,468 | |
Gevo, Inc.(a)(b) | | | 415,762 | | | | 319,596 | |
Magnolia Oil & Gas Corp., Class A | | | 329,909 | | | | 8,561,138 | |
Murphy Oil Corp. | | | 271,207 | | | | 12,394,160 | |
Northern Oil and Gas, Inc. | | | 164,183 | | | | 6,514,781 | |
ONE Gas, Inc. | | | 102,972 | | | | 6,644,783 | |
Overseas Shipholding Group, Inc., Class A | | | 109,969 | | | | 703,802 | |
PrimeEnergy Resources Corp.(a) | | | 1,464 | | | | 146,766 | |
Riley Exploration Permian, Inc. | | | 17,227 | | | | 568,491 | |
SandRidge Energy, Inc. | | | 33,568 | | | | 489,086 | |
SilverBow Resources, Inc.(a) | | | 43,473 | | | | 1,484,168 | |
SM Energy Co. | | | 216,136 | | | | 10,774,380 | |
Talos Energy, Inc.(a) | | | 259,488 | | | | 3,614,668 | |
Tellurian, Inc.(a)(b) | | | 1,090,083 | | | | 720,981 | |
Vital Energy, Inc.(a) | | | 43,550 | | | | 2,288,117 | |
W&T Offshore, Inc. | | | 200,065 | | | | 530,172 | |
| | | | | | | | |
| | |
| | | | | | | 89,310,405 | |
| | |
Oil: Refining & Marketing — 0.5% | | | | | | |
Clean Energy Fuels Corp.(a) | | | 320,598 | | | | 859,203 | |
Delek U.S. Holdings, Inc. | | | 118,378 | | | | 3,638,940 | |
Par Pacific Holdings, Inc.(a) | | | 103,074 | | | | 3,819,922 | |
PBF Energy, Inc., Class A | | | 205,808 | | | | 11,848,366 | |
World Kinect Corp. | | | 111,477 | | | | 2,948,567 | |
| | | | | | | | |
| | |
| | | | | | | 23,114,998 | |
| | |
Paints & Coatings — 0.2% | | | | | | |
HB Fuller Co. | | | 100,936 | | | | 8,048,637 | |
Kronos Worldwide, Inc. | | | 43,272 | | | | 510,609 | |
| | | | | | | | |
| | |
| | | | | | | 8,559,246 | |
| | |
Paper — 0.1% | | | | | | |
Clearwater Paper Corp.(a) | | | 30,475 | | | | 1,332,672 | |
Glatfelter Corp.(a) | | | 77,419 | | | | 154,838 | |
Mativ Holdings, Inc. | | | 100,124 | | | | 1,877,325 | |
| | | | | | | | |
| | |
| | | | | | | 3,364,835 | |
| | |
Paper & Forest Products — 0.1% | | | | | | |
Sylvamo Corp. | | | 66,794 | | | | 4,123,862 | |
| | | | | | | | |
| | |
Personal Care — 0.6% | | | | | | |
Beauty Health Co., Class A(a) | | | 156,398 | | | | 694,407 | |
BellRing Brands, Inc.(a) | | | 246,085 | | | | 14,526,398 | |
Edgewell Personal Care Co. | | | 92,943 | | | | 3,591,318 | |
Nu Skin Enterprises, Inc., Class A | | | 92,974 | | | | 1,285,830 | |
Sterling Check Corp.(a) | | | 56,977 | | | | 916,190 | |
USANA Health Sciences, Inc.(a) | | | 21,195 | | | | 1,027,958 | |
WD-40 Co. | | | 25,327 | | | | 6,415,582 | |
| | | | | | | | |
| | |
| | | | | | | 28,457,683 | |
| | |
Personal Products — 0.0% | | | | | | |
Herbalife Ltd.(a) | | | 184,320 | | | | 1,852,416 | |
| | | | | | | | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Pharmaceuticals — 2.0% | |
ACADIA Pharmaceuticals, Inc.(a) | | | 228,598 | | | $ | 4,226,777 | |
Aclaris Therapeutics, Inc.(a) | | | 123,478 | | | | 153,113 | |
Alkermes PLC(a) | | | 309,294 | | | | 8,372,589 | |
Amneal Pharmaceuticals, Inc., Class A(a) | | | 227,674 | | | | 1,379,704 | |
Amphastar Pharmaceuticals, Inc.(a) | | | 70,402 | | | | 3,091,352 | |
Arrowhead Pharmaceuticals, Inc.(a)(b) | | | 216,470 | | | | 6,191,042 | |
Assertio Holdings, Inc.(a)(b) | | | 169,034 | | | | 162,154 | |
Atea Pharmaceuticals, Inc.(a) | | | 146,690 | | | | 592,628 | |
Axonics, Inc.(a) | | | 92,740 | | | | 6,396,278 | |
Axsome Therapeutics, Inc.(a) | | | 66,453 | | | | 5,302,949 | |
Biote Corp., Class A(a) | | | 26,839 | | | | 155,666 | |
Bright Green Corp.(a)(b) | | | 94,164 | | | | 22,938 | |
Cassava Sciences, Inc.(a)(b) | | | 74,998 | | | | 1,521,709 | |
Citius Pharmaceuticals, Inc.(a)(b) | | | 200,965 | | | | 180,326 | |
Corcept Therapeutics, Inc.(a) | | | 151,815 | | | | 3,824,220 | |
CorMedix, Inc.(a)(b) | | | 99,843 | | | | 423,334 | |
Eagle Pharmaceuticals, Inc.(a)(b) | | | 17,753 | | | | 93,026 | |
Edgewise Therapeutics, Inc.(a) | | | 107,483 | | | | 1,960,490 | |
Enanta Pharmaceuticals, Inc.(a) | | | 37,581 | | | | 656,164 | |
Enliven Therapeutics, Inc.(a)(b) | | | 42,665 | | | | 750,477 | |
Evolus, Inc.(a)(b) | | | 78,193 | | | | 1,094,702 | |
Eyenovia, Inc.(a)(b) | | | 44,656 | | | | 44,031 | |
Harmony Biosciences Holdings, Inc.(a) | | | 60,089 | | | | 2,017,789 | |
Harrow, Inc.(a)(b) | | | 56,504 | | | | 747,548 | |
Ikena Oncology, Inc.(a)(b) | | | 76,095 | | | | 108,055 | |
Innoviva, Inc.(a)(b) | | | 108,770 | | | | 1,657,655 | |
Intra-Cellular Therapies, Inc.(a) | | | 174,662 | | | | 12,086,610 | |
Ironwood Pharmaceuticals, Inc., Class A(a) | | | 258,397 | | | | 2,250,638 | |
Liquidia Corp.(a) | | | 93,824 | | | | 1,383,904 | |
Longboard Pharmaceuticals, Inc.(a) | | | 46,454 | | | | 1,003,406 | |
Neumora Therapeutics, Inc.(a) | | | 26,998 | | | | 371,223 | |
Nuvation Bio, Inc., Class A(a) | | | 271,541 | | | | 988,409 | |
Optinose, Inc.(a) | | | 146,940 | | | | 214,532 | |
Pacira BioSciences, Inc.(a) | | | 84,915 | | | | 2,481,216 | |
PetIQ, Inc., Class A(a) | | | 51,992 | | | | 950,414 | |
Prestige Consumer Healthcare, Inc.(a) | | | 92,910 | | | | 6,741,550 | |
Revance Therapeutics, Inc.(a) | | | 164,235 | | | | 808,036 | |
scPharmaceuticals, Inc.(a)(b) | | | 49,478 | | | | 248,380 | |
SIGA Technologies, Inc. | | | 86,992 | | | | 744,652 | |
Supernus Pharmaceuticals, Inc.(a)(b) | | | 91,622 | | | | 3,125,226 | |
Syndax Pharmaceuticals, Inc.(a) | | | 146,870 | | | | 3,495,506 | |
Taro Pharmaceutical Industries Ltd.(a) | | | 14,816 | | | | 627,309 | |
Tarsus Pharmaceuticals, Inc.(a)(b) | | | 54,283 | | | | 1,973,187 | |
Terns Pharmaceuticals, Inc.(a) | | | 84,596 | | | | 554,950 | |
TG Therapeutics, Inc.(a)(b) | | | 258,481 | | | | 3,931,496 | |
Theravance Biopharma, Inc.(a) | | | 92,048 | | | | 825,671 | |
Third Harmonic Bio, Inc.(a) | | | 37,467 | | | | 353,688 | |
Trevi Therapeutics, Inc.(a) | | | 76,979 | | | | 265,578 | |
Ventyx Biosciences, Inc.(a) | | | 91,731 | | | | 504,521 | |
Voyager Therapeutics, Inc.(a) | | | 73,364 | | | | 683,019 | |
Xeris Biopharma Holdings, Inc.(a) | | | 259,973 | | | | 574,540 | |
| | | | | | | | |
| | |
| | | | | | | 98,314,377 | |
| | |
Photography — 0.0% | | | | | | |
GoPro, Inc., Class A(a) | | | 225,473 | | | | 502,805 | |
| | | | | | | | |
|
Power Transmission Equipment — 0.2% | |
Advanced Energy Industries, Inc.(b) | | | 70,170 | | | | 7,155,937 | |
Babcock & Wilcox Enterprises, Inc.(a) | | | 106,657 | | | | 120,522 | |
Powell Industries, Inc. | | | 17,276 | | | | 2,458,375 | |
Vicor Corp.(a) | | | 41,360 | | | | 1,581,606 | |
| | | | | | | | |
| | |
| | | | | | | 11,316,440 | |
| | |
SERIES SCHEDULE OF INVESTMENTS | | 15 |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Printing & Copying Services(a) — 0.3% | |
Casella Waste Systems, Inc., Class A | | | 105,319 | | | $ | 10,412,889 | |
Cimpress PLC | | | 33,586 | | | | 2,972,697 | |
| | | | | | | | |
| | |
| | | | | | | 13,385,586 | |
|
Producer Durables: Miscellaneous — 0.0% | |
First Advantage Corp. | | | 100,823 | | | | 1,635,349 | |
Park-Ohio Holdings Corp. | | | 15,499 | | | | 413,513 | |
Solo Brands, Inc., Class A(a)(b) | | | 38,288 | | | | 83,085 | |
| | | | | | | | |
| | |
| | | | | | | 2,131,947 | |
|
Production Technology Equipment(a) — 0.8% | |
ACM Research, Inc., Class A | | | 91,196 | | | | 2,657,451 | |
Axcelis Technologies, Inc. | | | 60,798 | | | | 6,780,193 | |
Cohu, Inc. | | | 87,081 | | | | 2,902,410 | |
HireRight Holdings Corp. | | | 24,458 | | | | 349,016 | |
Ichor Holdings Ltd. | | | 53,823 | | | | 2,078,644 | |
Maxeon Solar Technologies Ltd.(b) | | | 53,293 | | | | 177,466 | |
Onto Innovation, Inc.(b) | | | 91,354 | | | | 16,542,382 | |
Photronics, Inc. | | | 113,873 | | | | 3,224,883 | |
Ultra Clean Holdings, Inc. | | | 82,957 | | | | 3,811,045 | |
Veeco Instruments, Inc.(b) | | | 94,834 | | | | 3,335,312 | |
| | | | | | | | |
| | |
| | | | | | | 41,858,802 | |
| | |
Professional Services(a) — 0.3% | | | | | | |
Alight, Inc., Class A | | | 772,815 | | | | 7,612,227 | |
BlackSky Technology, Inc., Class A | | | 240,541 | | | | 327,136 | |
FiscalNote Holdings, Inc., Class A | | | 107,542 | | | | 143,031 | |
Innodata, Inc.(b) | | | 47,865 | | | | 315,909 | |
Legalzoom.com, Inc.(b) | | | 249,420 | | | | 3,327,263 | |
Planet Labs PBC, Class A(b) | | | 335,025 | | | | 854,314 | |
Skillsoft Corp., Class A(b) | | | 7,248 | | | | 65,232 | |
| | | | | | | | |
| | |
| | | | | | | 12,645,112 | |
| | |
Publishing — 0.1% | | | | | | |
Daily Journal Corp.(a) | | | 2,594 | | | | 938,016 | |
Gannett Co., Inc.(a)(b) | | | 278,093 | | | | 678,547 | |
John Wiley & Sons, Inc., Class A | | | 67,134 | | | | 2,559,819 | |
Scholastic Corp. | | | 47,970 | | | | 1,808,949 | |
| | | | | | | | |
| | |
| | | | | | | 5,985,331 | |
| | |
Radio & TV Broadcasters — 0.1% | | | | | | |
Entravision Communications Corp., Class A | | | 112,738 | | | | 184,890 | |
Gray Television, Inc. | | | 157,579 | | | | 995,899 | |
iHeartMedia, Inc., Class A(a) | | | 186,275 | | | | 389,315 | |
TEGNA, Inc. | | | 368,349 | | | | 5,503,134 | |
| | | | | | | | |
| | |
| | | | | | | 7,073,238 | |
| | |
Railroad Equipment — 0.1% | | | | | | |
Greenbrier Cos., Inc. | | | 56,939 | | | | 2,966,522 | |
Trinity Industries, Inc. | | | 151,457 | | | | 4,218,077 | |
| | | | | | | | |
| | |
| | | | | | | 7,184,599 | |
| | |
Real Estate — 0.4% | | | | | | |
Anywhere Real Estate, Inc.(a) | | | 201,080 | | | | 1,242,674 | |
Cushman & Wakefield PLC(a) | | | 254,184 | | | | 2,658,765 | |
eXp World Holdings, Inc. | | | 132,948 | | | | 1,373,353 | |
Kennedy-Wilson Holdings, Inc. | | | 223,229 | | | | 1,915,305 | |
Newmark Group, Inc., Class A | | | 253,011 | | | | 2,805,892 | |
Opendoor Technologies, Inc.(a) | | | 1,053,355 | | | | 3,191,666 | |
Redfin Corp.(a)(b) | | | 206,204 | | | | 1,371,256 | |
RMR Group, Inc., Class A | | | 29,180 | | | | 700,320 | |
St. Joe Co. | | | 64,238 | | | | 3,723,877 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Real Estate (continued) | |
Stratus Properties, Inc.(a) | | | 9,109 | | | $ | 207,958 | |
Tejon Ranch Co.(a) | | | 40,607 | | | | 625,754 | |
| | | | | | | | |
| | |
| | | | | | | 19,816,820 | |
|
Real Estate Investment Trusts (REITs) — 5.5% | |
Acadia Realty Trust | | | 187,329 | | | | 3,186,466 | |
AFC Gamma, Inc. | | | 32,145 | | | | 397,955 | |
Alexander & Baldwin, Inc. | | | 135,276 | | | | 2,227,996 | |
Alexander’s, Inc. | | | 4,051 | | | | 879,634 | |
Alpine Income Property Trust, Inc. | | | 22,727 | | | | 347,269 | |
American Assets Trust, Inc. | | | 91,038 | | | | 1,994,643 | |
Angel Oak Mortgage REIT, Inc., Series 13A | | | 23,255 | | | | 249,759 | |
Apartment Investment and Management Co., Class A(a) | | | 268,955 | | | | 2,202,741 | |
Apollo Commercial Real Estate Finance, Inc. | | | 264,830 | | | | 2,950,206 | |
Apple Hospitality REIT, Inc. | | | 402,236 | | | | 6,588,626 | |
Arbor Realty Trust, Inc.(b) | | | 285,682 | | | | 3,785,287 | |
Ares Commercial Real Estate Corp. | | | 98,657 | | | | 734,995 | |
Armada Hoffler Properties, Inc. | | | 125,649 | | | | 1,306,750 | |
ARMOUR Residential REIT, Inc. | | | 91,690 | | | | 1,812,711 | |
Blackstone Mortgage Trust, Inc., Class A | | | 321,438 | | | | 6,399,831 | |
Braemar Hotels & Resorts, Inc. | | | 116,745 | | | | 233,490 | |
Brandywine Realty Trust | | | 317,413 | | | | 1,523,582 | |
BrightSpire Capital, Inc., Class A | | | 240,280 | | | | 1,655,529 | |
Broadstone Net Lease, Inc. | | | 350,686 | | | | 5,495,250 | |
BRT Apartments Corp. | | | 21,875 | | | | 367,500 | |
CareTrust REIT, Inc. | | | 223,633 | | | | 5,449,936 | |
CBL & Associates Properties, Inc. | | | 50,180 | | | | 1,149,624 | |
Centerspace | | | 28,189 | | | | 1,610,719 | |
Chatham Lodging Trust | | | 89,897 | | | | 908,859 | |
Chicago Atlantic Real Estate Finance, Inc. | | | 31,902 | | | | 503,095 | |
Chimera Investment Corp. | | | 424,274 | | | | 1,955,903 | |
City Office REIT, Inc. | | | 65,402 | | | | 340,744 | |
Claros Mortgage Trust, Inc. | | | 169,282 | | | | 1,652,192 | |
Clipper Realty, Inc. | | | 23,302 | | | | 112,549 | |
Community Healthcare Trust, Inc. | | | 49,771 | | | | 1,321,420 | |
COPT Defense Properties | | | 210,355 | | | | 5,084,280 | |
CoreCivic, Inc.(a) | | | 212,079 | | | | 3,310,553 | |
CTO Realty Growth, Inc. | | | 39,929 | | | | 676,797 | |
DiamondRock Hospitality Co. | | | 392,245 | | | | 3,769,474 | |
Diversified Healthcare Trust | | | 445,603 | | | | 1,096,183 | |
Douglas Emmett, Inc. | | | 165,902 | | | | 2,301,061 | |
Dynex Capital, Inc. | | | 105,279 | | | | 1,310,724 | |
Easterly Government Properties, Inc. | | | 178,782 | | | | 2,057,781 | |
Ellington Financial, Inc. | | | 140,179 | | | | 1,655,514 | |
Elme Communities | | | 163,937 | | | | 2,282,003 | |
Empire State Realty Trust, Inc., Class A | | | 246,374 | | | | 2,495,769 | |
Equity Commonwealth(a) | | | 190,415 | | | | 3,595,035 | |
Essential Properties Realty Trust, Inc. | | | 290,953 | | | | 7,756,807 | |
Farmland Partners, Inc. | | | 84,398 | | | | 936,818 | |
Four Corners Property Trust, Inc. | | | 168,767 | | | | 4,129,729 | |
Franklin BSP Realty Trust, Inc. | | | 155,057 | | | | 2,071,562 | |
GEO Group, Inc.(a) | | | 224,673 | | | | 3,172,383 | |
Getty Realty Corp. | | | 89,032 | | | | 2,435,025 | |
Gladstone Commercial Corp. | | | 75,719 | | | | 1,047,951 | |
Gladstone Land Corp. | | | 63,140 | | | | 842,288 | |
Global Medical REIT, Inc. | | | 115,299 | | | | 1,008,866 | |
Global Net Lease, Inc. | | | 363,044 | | | | 2,820,852 | |
Granite Point Mortgage Trust, Inc. | | | 93,415 | | | | 445,590 | |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | | | 204,858 | | | | 5,817,967 | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Real Estate Investment Trusts (REITs) (continued) | |
Hudson Pacific Properties, Inc. | | | 257,612 | | | $ | 1,661,597 | |
Independence Realty Trust, Inc. | | | 420,907 | | | | 6,789,230 | |
Innovative Industrial Properties, Inc. | | | 52,091 | | | | 5,393,502 | |
InvenTrust Properties Corp. | | | 126,816 | | | | 3,260,439 | |
Invesco Mortgage Capital, Inc. | | | 91,143 | | | | 882,264 | |
JBG SMITH Properties | | | 164,602 | | | | 2,641,862 | |
Kite Realty Group Trust | | | 406,153 | | | | 8,805,397 | |
KKR Real Estate Finance Trust, Inc. | | | 109,856 | | | | 1,105,151 | |
Ladder Capital Corp., Class A | | | 211,246 | | | | 2,351,168 | |
LTC Properties, Inc. | | | 76,495 | | | | 2,486,852 | |
LXP Industrial Trust | | | 540,518 | | | | 4,875,472 | |
MFA Financial, Inc. | | | 190,811 | | | | 2,177,154 | |
National Health Investors, Inc. | | | 77,874 | | | | 4,892,823 | |
New York Mortgage Trust, Inc. | | | 167,168 | | | | 1,203,610 | |
NexPoint Diversified Real Estate Trust | | | 56,579 | | | | 373,421 | |
Nexpoint Real Estate Finance, Inc. | | | 14,959 | | | | 214,811 | |
NexPoint Residential Trust, Inc. | | | 42,093 | | | | 1,354,974 | |
Office Properties Income Trust | | | 89,332 | | | | 182,237 | |
One Liberty Properties, Inc. | | | 29,385 | | | | 663,807 | |
Orchid Island Capital, Inc.(b) | | | 96,218 | | | | 859,227 | |
Orion Office REIT, Inc. | | | 106,467 | | | | 373,699 | |
Outfront Media, Inc. | | | 275,266 | | | | 4,621,716 | |
Paramount Group, Inc. | | | 345,063 | | | | 1,618,345 | |
Peakstone Realty Trust, Class E | | | 67,715 | | | | 1,092,243 | |
Pebblebrook Hotel Trust | | | 221,789 | | | | 3,417,769 | |
PennyMac Mortgage Investment Trust | | | 162,141 | | | | 2,380,230 | |
Phillips Edison & Co., Inc. | | | 224,453 | | | | 8,051,129 | |
Piedmont Office Realty Trust, Inc., Class A | | | 230,345 | | | | 1,619,325 | |
Plymouth Industrial REIT, Inc. | | | 85,130 | | | | 1,915,425 | |
Postal Realty Trust, Inc., Class A | | | 38,059 | | | | 545,005 | |
PotlatchDeltic Corp. | | | 147,596 | | | | 6,939,964 | |
Ready Capital Corp. | | | 298,759 | | | | 2,727,670 | |
Redwood Trust, Inc. | | | 245,661 | | | | 1,564,861 | |
Retail Opportunity Investments Corp. | | | 229,616 | | | | 2,943,677 | |
RLJ Lodging Trust | | | 286,016 | | | | 3,380,709 | |
Sabra Health Care REIT, Inc. | | | 431,803 | | | | 6,377,730 | |
Safehold, Inc. | | | 90,749 | | | | 1,869,429 | |
Saul Centers, Inc. | | | 22,362 | | | | 860,713 | |
Service Properties Trust | | | 307,603 | | | | 2,085,548 | |
SL Green Realty Corp. | | | 120,536 | | | | 6,645,150 | |
Star Holdings(a)(b) | | | 25,185 | | | | 325,390 | |
Summit Hotel Properties, Inc. | | | 195,464 | | | | 1,272,471 | |
Sunstone Hotel Investors, Inc. | | | 383,416 | | | | 4,271,254 | |
Tanger, Inc. | | | 195,146 | | | | 5,762,661 | |
Terreno Realty Corp. | | | 157,338 | | | | 10,447,243 | |
TPG RE Finance Trust, Inc. | | | 129,250 | | | | 997,810 | |
Two Harbors Investment Corp. | | | 193,666 | | | | 2,564,138 | |
UMH Properties, Inc. | | | 113,548 | | | | 1,844,020 | |
Uniti Group, Inc. | | | 444,344 | | | | 2,621,630 | |
Universal Health Realty Income Trust | | | 24,178 | | | | 887,574 | |
Urban Edge Properties | | | 214,325 | | | | 3,701,393 | |
Veris Residential, Inc. | | | 147,570 | | | | 2,244,540 | |
Whitestone REIT | | | 90,717 | | | | 1,138,498 | |
Xenia Hotels & Resorts, Inc. | | | 196,940 | | | | 2,956,069 | |
| | | | | | | | |
| | |
| | | | | | | 275,706,299 | |
|
Real Estate Management & Development — 0.2% | |
American Realty Investors, Inc.(a) | | | 2,389 | | | | 42,811 | |
Compass, Inc., Class A(a)(b) | | | 530,901 | | | | 1,911,243 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Real Estate Management & Development (continued) | |
DigitalBridge Group, Inc., Class A | | | 301,788 | | | $ | 5,815,455 | |
Forestar Group, Inc.(a) | | | 34,166 | | | | 1,373,131 | |
Maui Land & Pineapple Co., Inc.(a) | | | 13,156 | | | | 284,959 | |
Transcontinental Realty Investors, Inc.(a) | | | 2,184 | | | | 82,228 | |
| | | | | | | | |
| | |
| | | | | | | 9,509,827 | |
| | |
Recreational Vehicles & Boats — 0.3% | | | | | | |
Camping World Holdings, Inc., Class A | | | 77,965 | | | | 2,171,325 | |
Lazydays Holdings, Inc.(a)(b) | | | 13,605 | | | | 54,828 | |
LCI Industries | | | 46,102 | | | | 5,673,312 | |
Malibu Boats, Inc., Class A(a) | | | 37,925 | | | | 1,641,394 | |
Marine Products Corp. | | | 14,954 | | | | 175,710 | |
MasterCraft Boat Holdings, Inc.(a) | | | 30,695 | | | | 728,085 | |
Winnebago Industries, Inc. | | | 52,952 | | | | 3,918,448 | |
| | | | | | | | |
| | |
| | | | | | | 14,363,102 | |
|
Rental & Leasing Services: Consumer — 0.1% | |
Upbound Group, Inc. | | | 99,782 | | | | 3,513,324 | |
| | | | | | | | |
|
Restaurants — 0.9% | |
Biglari Holdings, Inc., Class B(a) | | | 1,350 | | | | 256,068 | |
BJ’s Restaurants, Inc.(a) | | | 41,910 | | | | 1,516,304 | |
Bloomin’ Brands, Inc. | | | 163,478 | | | | 4,688,549 | |
Brinker International, Inc.(a) | | | 81,814 | | | | 4,064,519 | |
Carrols Restaurant Group, Inc. | | | 63,560 | | | | 604,456 | |
Cheesecake Factory, Inc. | | | 89,085 | | | | 3,220,423 | |
Cracker Barrel Old Country Store, Inc. | | | 41,152 | | | | 2,992,985 | |
Dave & Buster’s Entertainment, Inc.(a)(b) | | | 63,128 | | | | 3,951,813 | |
Denny’s Corp.(a) | | | 97,143 | | | | 870,401 | |
Dine Brands Global, Inc. | | | 28,860 | | | | 1,341,413 | |
El Pollo Loco Holdings, Inc.(a) | | | 52,290 | | | | 509,305 | |
Jack in the Box, Inc. | | | 36,768 | | | | 2,517,873 | |
Kura Sushi USA, Inc., Class A(a)(b) | | | 10,877 | | | | 1,252,595 | |
Nathan’s Famous, Inc. | | | 4,919 | | | | 348,265 | |
Noodles & Co., Class A(a) | | | 67,772 | | | | 129,444 | |
ONE Group Hospitality, Inc.(a) | | | 38,498 | | | | 214,434 | |
Papa John’s International, Inc. | | | 61,320 | | | | 4,083,912 | |
Potbelly Corp.(a) | | | 47,663 | | | | 577,199 | |
Red Robin Gourmet Burgers, Inc.(a) | | | 27,221 | | | | 208,513 | |
Rush Street Interactive, Inc., Class A(a) | | | 123,118 | | | | 801,498 | |
Shake Shack, Inc., Class A(a) | | | 70,444 | | | | 7,328,289 | |
Sweetgreen, Inc., Class A(a) | | | 182,428 | | | | 4,608,131 | |
| | | | | | | | |
| | |
| | | | | | | 46,086,389 | |
|
Scientific Instruments: Control & Filter — 0.7% | |
Arlo Technologies, Inc.(a) | | | 166,906 | | | | 2,111,361 | |
Energy Recovery, Inc.(a) | | | 103,879 | | | | 1,640,250 | |
ESCO Technologies, Inc. | | | 47,767 | | | | 5,113,457 | |
Gorman-Rupp Co. | | | 42,700 | | | | 1,688,785 | |
Helios Technologies, Inc. | | | 61,865 | | | | 2,764,747 | |
Napco Security Technologies, Inc. | | | 61,921 | | | | 2,486,748 | |
Resideo Technologies, Inc.(a) | | | 273,198 | | | | 6,125,099 | |
Thermon Group Holdings, Inc.(a) | | | 62,349 | | | | 2,040,059 | |
Watts Water Technologies, Inc., Class A | | | 51,026 | | | | 10,845,576 | |
| | | | | | | | |
| | |
| | | | | | | 34,816,082 | |
| | |
Scientific Instruments: Electrical — 0.7% | | | | | | |
Allient, Inc. | | | 24,391 | | | | 870,271 | |
Atkore, Inc. | | | 69,463 | | | | 13,222,977 | |
AZZ, Inc. | | | 46,283 | | | | 3,578,139 | |
EnerSys | | | 76,118 | | | | 7,190,106 | |
| | |
SERIES SCHEDULE OF INVESTMENTS | | 17 |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Scientific Instruments: Electrical (continued) | |
Franklin Electric Co., Inc. | | | 86,161 | | | $ | 9,202,856 | |
FTC Solar, Inc.(a)(b) | | | 109,681 | | | | 59,118 | |
Preformed Line Products Co. | | | 4,418 | | | | 568,464 | |
| | | | | | | | |
| | |
| | | | | | | 34,691,931 | |
|
Scientific Instruments: Gauges & Meters — 0.4% | |
Badger Meter, Inc. | | | 54,877 | | | | 8,879,647 | |
FARO Technologies, Inc.(a) | | | 36,540 | | | | 785,975 | |
Itron, Inc.(a) | | | 84,972 | | | | 7,861,610 | |
Mesa Laboratories, Inc. | | | 9,663 | | | | 1,060,321 | |
Transcat, Inc.(a) | | | 15,291 | | | | 1,703,876 | |
Vishay Precision Group, Inc.(a) | | | 22,635 | | | | 799,695 | |
| | | | | | | | |
| | |
| | | | | | | 21,091,124 | |
|
Scientific Instruments: Pollution Control — 0.0% | |
CECO Environmental Corp.(a) | | | 55,354 | | | | 1,274,249 | |
| | | | | | | | |
|
Securities Brokerage & Services — 0.1% | |
StoneX Group, Inc.(a) | | | 50,557 | | | | 3,552,135 | |
| | | | | | | | |
|
Semiconductors & Components — 1.6% | |
Alpha & Omega Semiconductor Ltd.(a) | | | 43,648 | | | | 962,002 | |
Amkor Technology, Inc. | | | 209,947 | | | | 6,768,691 | |
Atomera, Inc.(a)(b) | | | 45,543 | | | | 280,545 | |
CEVA, Inc.(a) | | | 43,343 | | | | 984,320 | |
Diodes, Inc.(a) | | | 84,244 | | | | 5,939,202 | |
FormFactor, Inc.(a)(b) | | | 143,915 | | | | 6,566,841 | |
Kulicke & Soffa Industries, Inc. | | | 103,524 | | | | 5,208,292 | |
MACOM Technology Solutions Holdings, Inc., Class H(a)(b) | | | 103,358 | | | | 9,885,159 | |
MaxLinear, Inc.(a) | | | 141,854 | | | | 2,648,414 | |
Power Integrations, Inc. | | | 105,967 | | | | 7,581,939 | |
Rambus, Inc.(a)(b) | | | 200,931 | | | | 12,419,545 | |
Semtech Corp.(a) | | | 119,259 | | | | 3,278,430 | |
Silicon Laboratories, Inc.(a) | | | 59,235 | | | | 8,513,254 | |
SiTime Corp.(a) | | | 33,118 | | | | 3,087,591 | |
SkyWater Technology, Inc.(a) | | | 34,959 | | | | 355,533 | |
SMART Global Holdings, Inc.(a) | | | 96,233 | | | | 2,532,853 | |
Vishay Intertechnology, Inc. | | | 237,254 | | | | 5,380,921 | |
| | | | | | | | |
| | |
| | | | | | | 82,393,532 | |
|
Semiconductors & Semiconductor Equipment(a) — 0.3% | |
Aehr Test Systems | | | 51,753 | | | | 641,737 | |
Ambarella, Inc. | | | 71,916 | | | | 3,651,176 | |
Credo Technology Group Holding Ltd. | | | 231,795 | | | | 4,911,736 | |
indie Semiconductor, Inc., Class A(b) | | | 280,849 | | | | 1,988,411 | |
inTEST Corp. | | | 22,426 | | | | 297,145 | |
Navitas Semiconductor Corp. | | | 211,103 | | | | 1,006,961 | |
Transphorm, Inc. | | | 55,876 | | | | 274,351 | |
| | | | | | | | |
| | |
| | | | | | | 12,771,517 | |
| | |
Shipping — 1.0% | | | | | | |
A-Mark Precious Metals, Inc. | | | 35,005 | | | | 1,074,303 | |
Eagle Bulk Shipping, Inc. | | | 17,256 | | | | 1,077,982 | |
Genco Shipping & Trading Ltd. | | | 78,491 | | | | 1,595,722 | |
Golar LNG Ltd. | | | 184,697 | | | | 4,443,810 | |
Himalaya Shipping Ltd. | | | 57,729 | | | | 445,091 | |
International Seaways, Inc. | | | 75,771 | | | | 4,031,017 | |
Matson, Inc. | | | 64,378 | | | | 7,236,087 | |
Nordic American Tankers Ltd. | | | 382,765 | | | | 1,500,439 | |
Pangaea Logistics Solutions Ltd. | | | 70,793 | | | | 493,427 | |
Safe Bulkers, Inc. | | | 124,396 | | | | 617,004 | |
Scorpio Tankers, Inc. | | | 89,083 | | | | 6,373,889 | |
SFL Corp. Ltd. | | | 214,743 | | | | 2,830,313 | |
SITE Centers Corp. | | | 355,563 | | | | 5,208,998 | |
| | | | | | | | |
Security | | Shares | | | Value | |
| | |
Shipping (continued) | | | | | | |
Teekay Corp.(a)(b) | | | 117,575 | | | $ | 855,946 | |
Teekay Tankers Ltd., Class A | | | 44,598 | | | | 2,604,969 | |
Tidewater, Inc.(a)(b) | | | 86,619 | | | | 7,968,948 | |
| | | | | | | | |
| | |
| | | | | | | 48,357,945 | |
| | |
Software — 1.2% | | | | | | |
Amplitude, Inc., Class A(a) | | | 128,186 | | | | 1,394,664 | |
AvePoint, Inc., Class A(a)(b) | | | 276,940 | | | | 2,193,365 | |
AvidXchange Holdings, Inc.(a) | | | 281,515 | | | | 3,701,922 | |
Bit Digital, Inc.(a) | | | 168,825 | | | | 484,528 | |
Braze, Inc., Class A(a) | | | 99,735 | | | | 4,418,260 | |
C3.ai, Inc., Class A(a)(b) | | | 153,953 | | | | 4,167,508 | |
Cipher Mining, Inc.(a)(b) | | | 74,178 | | | | 382,017 | |
Clear Secure, Inc., Class A | | | 154,980 | | | | 3,296,425 | |
Consensus Cloud Solutions, Inc.(a) | | | 34,848 | | | | 552,689 | |
Couchbase, Inc.(a)(b) | | | 66,242 | | | | 1,742,827 | |
CS Disco, Inc.(a) | | | 45,301 | | | | 368,297 | |
CXApp, Inc., Class A(a)(b) | | | 3,143 | | | | 7,700 | |
Enfusion, Inc., Class A(a) | | | 73,897 | | | | 683,547 | |
EverCommerce, Inc.(a) | | | 43,674 | | | | 411,409 | |
Expensify, Inc., Class A(a) | | | 94,809 | | | | 174,449 | |
Freshworks, Inc., Class A(a) | | | 302,188 | | | | 5,502,843 | |
Instructure Holdings, Inc.(a) | | | 37,118 | | | | 793,583 | |
Intapp, Inc.(a) | | | 74,289 | | | | 2,548,113 | |
Jamf Holding Corp.(a) | | | 131,864 | | | | 2,419,704 | |
Kaltura, Inc.(a) | | | 151,352 | | | | 204,325 | |
MarketWise, Inc., Class A | | | 63,484 | | | | 109,827 | |
MeridianLink, Inc.(a) | | | 46,932 | | | | 877,628 | |
Model N, Inc.(a) | | | 71,995 | | | | 2,049,698 | |
N-able, Inc.(a) | | | 130,437 | | | | 1,704,812 | |
NextNav, Inc.(a)(b) | | | 103,769 | | | | 682,800 | |
Olo, Inc., Class A(a) | | | 192,858 | | | | 1,058,790 | |
Qualys, Inc.(a) | | | 69,388 | | | | 11,578,776 | |
SEMrush Holdings, Inc., Class A(a) | | | 57,839 | | | | 766,945 | |
SoundHound AI, Inc., Class A(a)(b) | | | 257,326 | | | | 1,515,650 | |
Sprinklr, Inc., Class A(a) | | | 196,958 | | | | 2,416,675 | |
Terawulf, Inc.(a)(b) | | | 287,028 | | | | 754,884 | |
Weave Communications, Inc.(a) | | | 64,807 | | | | 743,984 | |
Zeta Global Holdings Corp., Class A(a) | | | 261,950 | | | | 2,863,114 | |
| | | | | | | | |
| | |
| | | | | | | 62,571,758 | |
| | |
Specialty Retail — 2.3% | | | | | | |
1-800-Flowers.com, Inc., Class A(a) | | | 49,721 | | | | 538,478 | |
Aaron’s Co., Inc. | | | 54,498 | | | | 408,735 | |
Abercrombie & Fitch Co., Class A(a) | | | 91,055 | | | | 11,411,923 | |
Academy Sports & Outdoors, Inc. | | | 134,906 | | | | 9,111,551 | |
Alta Equipment Group, Inc., Class A | | | 42,374 | | | | 548,743 | |
American Eagle Outfitters, Inc. | | | 340,839 | | | | 8,790,238 | |
America’s Car-Mart, Inc.(a) | | | 11,271 | | | | 719,879 | |
Arko Corp., Class A | | | 145,236 | | | | 827,845 | |
Asbury Automotive Group, Inc.(a) | | | 38,626 | | | | 9,107,238 | |
Big 5 Sporting Goods Corp. | | | 39,098 | | | | 137,625 | |
Blink Charging Co.(a)(b) | | | 112,545 | | | | 338,761 | |
Boot Barn Holdings, Inc.(a)(b) | | | 56,366 | | | | 5,363,225 | |
Buckle, Inc. | | | 56,969 | | | | 2,294,142 | |
Build-A-Bear Workshop, Inc. | | | 23,386 | | | | 698,540 | |
Caleres, Inc. | | | 63,364 | | | | 2,599,825 | |
Carvana Co., Class A(a) | | | 192,400 | | | | 16,913,884 | |
Cato Corp., Class A | | | 33,287 | | | | 192,066 | |
Children’s Place, Inc.(a) | | | 22,053 | | | | 254,492 | |
Designer Brands, Inc., Class A | | | 78,465 | | | | 857,623 | |
Destination XL Group, Inc.(a) | | | 110,577 | | | | 398,077 | |
Envela Corp.(a)(b) | | | 16,538 | | | | 76,406 | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Specialty Retail (continued) | |
EVgo, Inc., Class A(a)(b) | | | 185,400 | | | $ | 465,354 | |
Foot Locker, Inc. | | | 153,166 | | | | 4,365,231 | |
Genesco, Inc.(a) | | | 19,699 | | | | 554,330 | |
Group 1 Automotive, Inc.(b) | | | 25,467 | | | | 7,442,221 | |
Guess?, Inc. | | | 52,466 | | | | 1,651,105 | |
Haverty Furniture Cos., Inc. | | | 27,286 | | | | 930,998 | |
Hibbett, Inc. | | | 21,661 | | | | 1,663,781 | |
J Jill, Inc.(a) | | | 8,481 | | | | 271,138 | |
Lands’ End, Inc.(a) | | | 26,544 | | | | 289,064 | |
Leslie’s, Inc.(a)(b) | | | 331,268 | | | | 2,153,242 | |
MarineMax, Inc.(a) | | | 40,651 | | | | 1,352,052 | |
Monro, Inc. | | | 55,346 | | | | 1,745,613 | |
National Vision Holdings, Inc.(a) | | | 144,852 | | | | 3,209,920 | |
ODP Corp.(a) | | | 59,494 | | | | 3,156,157 | |
OneWater Marine, Inc., Class A(a)(b) | | | 21,028 | | | | 591,938 | |
Sally Beauty Holdings, Inc.(a) | | | 200,162 | | | | 2,486,012 | |
Shoe Carnival, Inc. | | | 33,977 | | | | 1,244,917 | |
Sonic Automotive, Inc., Class A | | | 27,346 | | | | 1,557,081 | |
Sportsman’s Warehouse Holdings, Inc.(a) | | | 71,772 | | | | 223,211 | |
Tilly’s, Inc., Class A(a) | | | 41,556 | | | | 282,581 | |
Torrid Holdings, Inc.(a) | | | 20,346 | | | | 99,289 | |
Urban Outfitters, Inc.(a) | | | 119,038 | | | | 5,168,630 | |
Warby Parker, Inc., Class A(a) | | | 160,499 | | | | 2,184,391 | |
Zumiez, Inc.(a) | | | 30,799 | | | | 467,837 | |
| | | | | | | | |
| | |
| | | | | | | 115,145,389 | |
| | |
Steel — 0.5% | | | | | | |
ATI, Inc.(a) | | | 240,589 | | | | 12,310,939 | |
Carpenter Technology Corp. | | | 91,268 | | | | 6,518,361 | |
Ivanhoe Electric, Inc.(a)(b) | | | 119,341 | | | | 1,169,542 | |
Olympic Steel, Inc. | | | 18,385 | | | | 1,303,129 | |
Radius Recycling, Inc., Class A | | | 48,973 | | | | 1,034,799 | |
Ryerson Holding Corp. | | | 52,462 | | | | 1,757,477 | |
TimkenSteel Corp.(a) | | | 79,750 | | | | 1,774,437 | |
| | | | | | | | |
| | |
| | | | | | | 25,868,684 | |
|
Technology Hardware & Equipment — 0.1% | |
CompoSecure, Inc., Class A(a)(b) | | | 34,234 | | | | 247,512 | |
CPI Card Group, Inc.(a)(b) | | | 6,890 | | | | 123,055 | |
IonQ, Inc.(a)(b) | | | 305,294 | | | | 3,049,887 | |
Xerox Holdings Corp. | | | 218,196 | | | | 3,905,709 | |
| | | | | | | | |
| | |
| | | | | | | 7,326,163 | |
| | |
Technology: Miscellaneous — 0.5% | | | | | | |
Benchmark Electronics, Inc. | | | 65,965 | | | | 1,979,610 | |
CTS Corp. | | | 57,786 | | | | 2,703,807 | |
Fabrinet(a) | | | 68,660 | | | | 12,978,113 | |
Kimball Electronics, Inc.(a) | | | 44,862 | | | | 971,262 | |
Plexus Corp.(a) | | | 51,199 | | | | 4,854,689 | |
| | | | | | | | |
| | |
| | | | | | | 23,487,481 | |
|
Telecommunications Equipment(a) — 0.1% | |
Akoustis Technologies, Inc. | | | 128,450 | | | | 75,927 | |
Cambium Networks Corp. | | | 20,578 | | | | 88,691 | |
Clearfield, Inc.(b) | | | 23,275 | | | | 717,801 | |
Knowles Corp. | | | 165,627 | | | | 2,666,595 | |
Viavi Solutions, Inc. | | | 412,660 | | | | 3,751,079 | |
| | | | | | | | |
| | |
| | | | | | | 7,300,093 | |
| | |
Textile Products — 0.0% | | | | | | |
Interface, Inc., Class A | | | 106,917 | | | | 1,798,344 | |
| | | | | | | | |
|
Textiles Apparel & Shoes — 0.5% | |
Fossil Group, Inc.(a)(b) | | | 95,290 | | | | 97,196 | |
G-III Apparel Group Ltd.(a) | | | 77,058 | | | | 2,235,452 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Textiles Apparel & Shoes (continued) | |
Hanesbrands, Inc.(a) | | | 656,453 | | | $ | 3,807,427 | |
Kontoor Brands, Inc. | | | 104,829 | | | | 6,315,947 | |
Oxford Industries, Inc. | | | 27,929 | | | | 3,139,220 | |
Rocky Brands, Inc. | | | 14,077 | | | | 381,909 | |
Steven Madden Ltd. | | | 137,813 | | | | 5,826,734 | |
Vera Bradley, Inc.(a) | | | 49,511 | | | | 336,675 | |
Weyco Group, Inc. | | | 10,748 | | | | 342,646 | |
Wolverine World Wide, Inc. | | | 144,914 | | | | 1,624,486 | |
| | | | | | | | |
| | |
| | | | | | | 24,107,692 | |
|
Textiles, Apparel & Luxury Goods — 0.0% | |
Allbirds, Inc., Class A(a)(b) | | | 158,101 | | | | 109,738 | |
| | | | | | | | |
|
Toys — 0.0% | |
Funko, Inc., Class A(a)(b) | | | 69,079 | | | | 431,053 | |
| | | | | | | | |
|
Trading Companies & Distributors — 0.0% | |
Hudson Technologies, Inc.(a) | | | 81,800 | | | | 900,618 | |
| | | | | | | | |
|
Transportation Miscellaneous — 0.1% | |
Costamare, Inc. | | | 87,413 | | | | 992,137 | |
Hub Group, Inc., Class A | | | 117,249 | | | | 5,067,502 | |
| | | | | | | | |
| | |
| | | | | | | 6,059,639 | |
| | |
Truckers — 0.5% | | | | | | |
ArcBest Corp. | | | 44,398 | | | | 6,326,715 | |
Covenant Logistics Group, Inc., Class A | | | 15,889 | | | | 736,614 | |
Daseke, Inc.(a) | | | 85,128 | | | | 706,563 | |
Forward Air Corp. | | | 48,008 | | | | 1,493,529 | |
FRP Holdings, Inc.(a) | | | 12,298 | | | | 755,097 | |
FTAI Infrastructure, Inc. | | | 184,655 | | | | 1,159,634 | |
Heartland Express, Inc. | | | 87,468 | | | | 1,044,368 | |
Marten Transport Ltd. | | | 108,340 | | | | 2,002,123 | |
PAM Transportation Services, Inc.(a) | | | 9,854 | | | | 159,733 | |
RXO, Inc.(a) | | | 216,769 | | | | 4,740,738 | |
Universal Logistics Holdings, Inc. | | | 12,956 | | | | 477,688 | |
Werner Enterprises, Inc. | | | 118,111 | | | | 4,620,502 | |
| | | | | | | | |
| | |
| | | | | | | 24,223,304 | |
| | |
Utilities: Electrical — 1.0% | | | | | | |
ALLETE, Inc. | | | 107,818 | | | | 6,430,266 | |
Avista Corp. | | | 144,636 | | | | 5,065,153 | |
Black Hills Corp. | | | 127,536 | | | | 6,963,466 | |
Genie Energy Ltd., Class B | | | 38,673 | | | | 583,189 | |
MGE Energy, Inc. | | | 68,065 | | | | 5,358,077 | |
Northwestern Energy Group, Inc. | | | 114,993 | | | | 5,856,593 | |
Otter Tail Corp. | | | 77,015 | | | | 6,654,096 | |
PNM Resources, Inc. | | | 159,936 | | | | 6,019,991 | |
Portland General Electric Co. | | | 189,651 | | | | 7,965,342 | |
Unitil Corp. | | | 29,750 | | | | 1,557,412 | |
| | | | | | | | |
| | |
| | | | | | | 52,453,585 | |
| | |
Utilities: Gas Distributors — 0.6% | | | | | | |
Chesapeake Utilities Corp. | | | 40,790 | | | | 4,376,767 | |
New Jersey Resources Corp. | | | 181,325 | | | | 7,780,655 | |
Northwest Natural Holding Co. | | | 68,500 | | | | 2,549,570 | |
RGC Resources, Inc. | | | 14,637 | | | | 296,253 | |
Southwest Gas Holdings, Inc. | | | 116,437 | | | | 8,864,349 | |
Spire, Inc. | | | 97,400 | | | | 5,977,438 | |
| | | | | | | | |
| | |
| | | | | | | 29,845,032 | |
| | |
Utilities: Miscellaneous — 0.3% | | | | | | |
Brookfield Infrastructure Corp., Class A | | | 223,608 | | | | 8,058,833 | |
Ormat Technologies, Inc. | | | 100,849 | | | | 6,675,195 | |
| | | | | | | | |
| | |
| | | | | | | 14,734,028 | |
| | |
SERIES SCHEDULE OF INVESTMENTS | | 19 |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Utilities: Telecommunications — 0.4% | |
8x8, Inc.(a)(b) | | | 230,061 | | | $ | 621,165 | |
ATN International, Inc. | | | 19,607 | | | | 617,719 | |
Cogent Communications Holdings, Inc. | | | 81,654 | | | | 5,334,456 | |
Consolidated Communications Holdings, Inc.(a) | | | 145,164 | | | | 627,109 | |
Globalstar, Inc.(a) | | | 1,350,513 | | | | 1,985,254 | |
IDT Corp., Class B | | | 28,587 | | | | 1,080,874 | |
Shenandoah Telecommunications Co. | | | 90,606 | | | | 1,573,826 | |
Spok Holdings, Inc. | | | 32,304 | | | | 515,249 | |
Telephone and Data Systems, Inc. | | | 184,558 | | | | 2,956,619 | |
Xperi, Inc.(a) | | | 80,973 | | | | 976,534 | |
Ziff Davis, Inc.(a) | | | 85,386 | | | | 5,382,733 | |
| | | | | | | | |
| | |
| | | | | | | 21,671,538 | |
| | |
Utilities: Water — 0.4% | | | | | | |
American States Water Co. | | | 69,126 | | | | 4,993,662 | |
Artesian Resources Corp., Class A | | | 16,723 | | | | 620,591 | |
California Water Service Group | | | 107,813 | | | | 5,011,148 | |
Consolidated Water Co. Ltd. | | | 28,246 | | | | 827,890 | |
Global Water Resources, Inc. | | | 19,053 | | | | 244,641 | |
Middlesex Water Co. | | | 32,688 | | | | 1,716,120 | |
Pure Cycle Corp.(a) | | | 35,602 | | | | 338,219 | |
SJW Group | | | 59,546 | | | | 3,369,708 | |
York Water Co. | | | 26,861 | | | | 974,248 | |
| | | | | | | | |
| | |
| | | | | | | 18,096,227 | |
| | | | | | | | |
| |
Total Common Stocks — 98.2% (Cost: $3,783,237,477) | | | | 4,941,252,734 | |
| | | | | | | | |
|
Investment Companies | |
| | |
Equity Funds — 0.6% | | | | | | |
iShares Russell 2000 ETF(e)(f) | | | 144,399 | | | | 30,367,110 | |
| | | | | | | | |
| |
Total Investment Companies — 0.6% (Cost: $28,072,517) | | | | 30,367,110 | |
| | | | | | | | |
|
Rights | |
|
Biotechnology — 0.0% | |
Aduro Biotech, Inc., CVR(d) | | | 21,953 | | | | 10,977 | |
| | | | | | | | |
Security | | Shares | | | Value | |
|
Biotechnology (continued) | |
AstraZeneca, CVR | | | 48,841 | | | $ | 15,140 | |
Chinook Therapeutics, CVR(d) | | | 100,285 | | | | 44,125 | |
GTx, Inc., CVR(b)(d) | | | 944 | | | | 968 | |
| | | | | | | | |
| | | | | | | 71,210 | |
| |
Oil, Gas & Consumable Fuels — 0.0% | | | | |
Empire Petroleum Corp. PIPE, (Expires: 04/10/24, Strike Price USD 5.00) | | | 25,444 | | | | — | |
| | | | | | | | |
| |
Total Rights — 0.0% (Cost: $56,187) | | | | 71,210 | |
| | | | | | | | |
| |
Total Long-Term Investments —98.8% (Cost: $3,811,366,181) | | | | 4,971,691,054 | |
| | | | | | | | |
|
Short-Term Securities | |
|
Money Market Funds — 7.5% | |
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.50%(e)(f)(g) | | | 307,942,361 | | | | 308,065,538 | |
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.29%(e)(f) | | | 72,455,077 | | | | 72,455,077 | |
| | | | | | | | |
| |
Total Short-Term Securities — 7.5% (Cost: $380,337,907) | | | | 380,520,615 | |
| | | | | | | | |
| |
Total Investments — 106.3% (Cost: $4,191,704,088) | | | | 5,352,211,669 | |
| |
Liabilities in Excess of Other Assets — (6.3)% | | | | (319,441,689 | ) |
| | | | | | | | |
| |
Net Assets — 100.0% | | | $ | 5,032,769,980 | |
| | | | | | | | |
(a) | Non-income producing security. |
(b) | All or a portion of this security is on loan. |
(c) | Restricted security as to resale, excluding 144A securities. The Series held restricted securities with a current value of $149,690, representing less than 0.05% of its net assets as of period end, and an original cost of $1,040,392. |
(d) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(e) | Affiliate of the Series. |
(f) | Annualized 7-day yield as of period end. |
(g) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
For purposes of this report, industry and sector sub-classifications may differ from those utilized by the Series for compliance purposes.
Affiliates
Investments in issuers considered to be affiliate(s) of the Series during the period ended March 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | |
| | Affiliated Issuer | | Value at 12/31/23 | | | Purchases at Cost | | | Proceeds from Sales | | | Net Realized Gain (Loss) | | | Change in Unrealized Appreciation (Depreciation) | | | Value at 03/31/24 | | | Shares Held at 03/31/24 | | | Income | | | Capital Gain Distributions from Underlying Funds | | | | |
| | | | | | | | | | | |
| | BlackRock Cash Funds: Institutional, SL Agency Shares | | $ | 388,629,427 | | | $ | — | | | | $(80,498,984) | (a) | | $ | (2,705 | ) | | $ | (62,200 | ) | | $ | 308,065,538 | | | | 307,942,361 | | | $ | 1,240,985 | (b) | | $ | — | | | | | |
| | BlackRock Cash Funds: Treasury, SL Agency Shares | | | 55,898,214 | | | | 16,556,863 | (a) | | | — | | | | — | | | | — | | | | 72,455,077 | | | | 72,455,077 | | | | 561,578 | | | | — | | | | | |
| | iShares Russell 2000 ETF | | | 29,308,678 | | | | 123,868,423 | | | | (124,817,104 | ) | | | 4,084,712 | | | | (2,077,599 | ) | | | 30,367,110 | | | | 144,399 | | | | 105,098 | | | | — | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | | | | | | $ | 4,082,007 | | | $ | (2,139,799 | ) | | $ | 410,887,725 | | | | | | | $ | 1,907,661 | | | $ | — | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (a) | Represents net amount purchased (sold). | |
| (b) | All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series |
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts
| | | | | | | | | | | | | | | | | | | | |
| |
| | | | |
Description | | Number of Contracts | | | Expiration Date | | | Notional Amount (000) | | | Value/ Unrealized Appreciation (Depreciation) | |
| |
| | | | | |
Long Contracts | | | | | | | | | | | | | | | | | | | | |
E-mini Russell 2000 Index | | | 271 | | | | 06/21/24 | | | $ | 29,077 | | | | | | | $ | 524,376 | |
| | | | | | | | | | | | | | | | | | | | |
OTC Total Return Swaps
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
Reference Entity | | Payment Frequency | | | Counterparty(a) | | Termination Date | | | Net Notional | | | Accrued Unrealized Appreciation (Depreciation) | | | Net Value of Reference Entity | | | Gross Notional Amount Net Asset Percentage | |
| |
| | | | | | | | |
Equity Securities Long | | | Monthly | | | Goldman Sachs Bank USA(b) | | | 08/19/26 | | | $ | 6,515,391 | | | | | | | $ | 271,346 | (c) | | $ | 6,754,852 | | | | 0.1% | |
| | | Monthly | | | HSBC Bank PLC(d) | | | 02/10/28 | | | | 9,865,547 | | | | | | | | 259,951 | (e) | | | 10,135,279 | | | | 0.2 | |
| | | Monthly | | | JPMorgan Chase Bank N.A.(f) | | | 02/10/25 | | | | 12,238,231 | | | | | | | | 105,669 | (g) | | | 12,332,904 | | | | 0.2 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | |
| | | | | | | | | | | | | | | | | | | | $ | 636,966 | | | $ | 29,223,035 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| (a) | The Series receives the total return on a portfolio of long positions underlying the total return swap. The Series pays the total return on a portfolio of short positions underlying the total return swap. In addition, the Series pays or receives a variable rate of interest, based on a specified benchmark. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions. | |
| (c) | Amount includes $31,885 of net dividends and financing fees. | |
| (e) | Amount includes $(9,781) of net dividends and financing fees. | |
| (g) | Amount includes $10,996 of net dividends and financing fees. | |
The following are the specified benchmarks (plus or minus a range) used in determining the variable rate of interest:
| | | | | | |
| | (b) | | (d) | | (f) |
Range: | | 0 - 450 basis points | | 40 basis points | | 40 basis points |
Benchmarks: | | USD - 1D Overnight Fed Funds Effective Rate (FEDL01) | | USD - 1D Overnight Bank Funding Rate (OBFR01) | | USD - 1D Overnight Bank Funding Rate (OBFR01) |
The following table represents the individual long positions and related values of the equity securities underlying the total return swap with Goldman Sachs Bank USA as of period end, termination date 08/19/26:
| | | | | | | | | | | | |
Security | | Shares | | | Value | | | % of Basket Value | |
|
Reference Entity — Long | |
| | | |
Common Stocks | | | | | | | | | |
|
Asset Management & Custodian | |
PJT Partners, Inc., Class A | | | 2,340 | | | $ | 220,568 | | | | 3.3 | % |
| | | | | | | | | | | | |
| | | |
Banks: Diversified | | | | | | | | | |
Atlantic Union Bankshares Corp. | | | 75 | | | | 2,648 | | | | 0.0 | |
Bank of Hawaii Corp. | | | 11,818 | | | | 737,325 | | | | 10.9 | |
BankUnited, Inc. | | | 21,093 | | | | 590,604 | | | | 8.7 | |
Banner Corp. | | | 1,392 | | | | 66,816 | | | | 1.0 | |
Cadence Bank | | | 34,880 | | | | 1,011,520 | | | | 15.0 | |
Cathay General Bancorp | | | 978 | | | | 36,998 | | | | 0.5 | |
Central Pacific Financial Corp. | | | 1,196 | | | | 23,621 | | | | 0.4 | |
City Holding Co. | | | 2,834 | | | | 295,359 | | | | 4.4 | |
Community Bank System, Inc. | | | 2,895 | | | | 139,047 | | | | 2.1 | |
Eagle Bancorp., Inc. | | | 219 | | | | 5,144 | | | | 0.1 | |
Fulton Financial Corp. | | | 28,658 | | | | 455,376 | | | | 6.7 | |
Hanmi Financial Corp. | | | 8,735 | | | | 139,061 | | | | 2.1 | |
Independent Bank Corp. | | | 1,843 | | | | 95,873 | | | | 1.4 | |
National Bank Holdings Corp., Class A | | | 298 | | | | 10,749 | | | | 0.2 | |
NBT Bancorp, Inc. | | | 1,502 | | | | 55,093 | | | | 0.8 | |
| | | | | | | | | | | | |
Security | | Shares | | | Value | | | % of Basket Value | |
|
Banks: Diversified (continued) | |
Preferred Bank/Los Angeles CA | | | 1,571 | | | $ | 120,606 | | | | 1.8 | % |
Simmons First National Corp., Class A | | | 3,862 | | | | 75,155 | | | | 1.1 | |
Trustmark Corp. | | | 1,313 | | | | 36,908 | | | | 0.5 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | 3,897,903 | | | | | |
|
Banks: Savings, Thrift & Mortgage Lending | |
Berkshire Hills Bancorp, Inc. | | | 8,104 | | | | 185,744 | | | | 2.7 | |
Northwest Bancshares, Inc. | | | 14,894 | | | | 173,515 | | | | 2.6 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | 359,259 | | | | | |
| | | |
Computer Services Software & Systems | | | | | | | | | |
Envestnet, Inc. | | | 5,580 | | | | 323,138 | | | | 4.8 | |
| | | | | | | | | | | | |
|
Diversified Financial Services | |
Moelis & Co., Class A | | | 766 | | | | 43,486 | | | | 0.6 | |
| | | | | | | | | | | | |
|
Insurance: Multi-Line | |
Horace Mann Educators Corp. | | | 1,326 | | | | 49,049 | | | | 0.7 | |
| | | | | | | | | | | | |
|
Insurance: Property-Casualty | |
Genworth Financial, Inc., Class A | | | 1,053 | | | | 6,771 | | | | 0.1 | |
ProAssurance Corp. | | | 717 | | | | 9,220 | | | | 0.1 | |
Radian Group, Inc. | | | 3,634 | | | | 121,630 | | | | 1.8 | |
Stewart Information Services Corp. | | | 6,381 | | | | 415,148 | | | | 6.2 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | 552,769 | | | | | |
| | |
SERIES SCHEDULE OF INVESTMENTS | | 21 |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series |
| | | | | | | | | | | | |
Security | | Shares | | | Value | | | % of Basket Value | |
| | | |
IT Services | | | | | | | | | |
Bread Financial Holdings, Inc. | | | 6,070 | | | $ | 226,047 | | | | 3.4 | % |
| | | | | | | | | | | | |
| | | |
Office Supplies & Equipment | | | | | | | | | |
Pitney Bowes, Inc. | | | 9,221 | | | | 39,927 | | | | 0.6 | |
| | | | | | | | | | | | |
| | | |
Real Estate Investment Trusts (REITs) | | | | | | | | | |
Arbor Realty Trust, Inc. | | | 57,692 | | | | 764,419 | | | | 11.3 | |
Douglas Emmett, Inc. | | | 20,064 | | | | 278,287 | | | | 4.1 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | 1,042,706 | | | | | |
| | | | | | | | | | | | |
| | |
Net Value of Reference Entity — Goldman Sachs Bank USA | | | $ | 6,754,852 | | | | | |
| | | | | | | | | | | | |
The following table represents the individual long positions and related values of the equity securities underlying the total return swap with HSBC Bank PLC as of period end, termination date 02/10/28:
| | | | | | | | | | | | |
Security | | Shares | | | Value | | | % of Basket Value | |
|
Reference Entity — Long | |
| | | |
Common Stocks | | | | | | | | | |
|
Alternative Energy | |
Green Plains, Inc. | | | 25,860 | | | $ | 597,883 | | | | 5.9 | % |
| | | | | | | | | | | | |
| | | |
Asset Management & Custodian | | | | | | | | | |
Artisan Partners Asset Management, Inc., Class A | | | 5,293 | | | | 242,261 | | | | 2.4 | |
| | | | | | | | | | | | |
| | | |
Banks: Diversified | | | | | | | | | |
Atlantic Union Bankshares Corp. | | | 6,177 | | | | 218,110 | | | | 2.2 | |
Banner Corp. | | | 10,095 | | | | 484,560 | | | | 4.8 | |
Cadence Bank | | | 12,727 | | | | 369,083 | | | | 3.6 | |
Cathay General Bancorp | | | 12,849 | | | | 486,078 | | | | 4.8 | |
Community Bank System, Inc. | | | 1,347 | | | | 64,696 | | | | 0.6 | |
First BanCorp./Puerto Rico | | | 16,765 | | | | 294,058 | | | | 2.9 | |
First Financial Bancorp | | | 8,660 | | | | 194,157 | | | | 1.9 | |
Independent Bank Corp. | | | 4,710 | | | | 245,014 | | | | 2.4 | |
National Bank Holdings Corp., Class A | | | 1,302 | | | | 46,963 | | | | 0.5 | |
NBT Bancorp, Inc. | | | 2,247 | | | | 82,420 | | | | 0.8 | |
Preferred Bank/Los Angeles CA, Preference Shares | | | 10,184 | | | | 781,826 | | | | 7.7 | |
Renasant Corp. | | | 674 | | | | 21,110 | | | | 0.2 | |
Trustmark Corp. | | | 9,988 | | | | 280,763 | | | | 2.8 | |
United Community Banks, Inc., Series 16-2 | | | 11,104 | | | | 292,257 | | | | 2.9 | |
Veritex Holdings, Inc. | | | 1,941 | | | | 39,771 | | | | 0.4 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | 3,900,866 | | | | | |
| |
Banks: Savings, Thrift & Mortgage Lending | | | | |
Berkshire Hills Bancorp, Inc. | | | 10,045 | | | | 230,231 | | | | 2.3 | |
Northwest Bancshares, Inc. | | | 15,780 | | | | 183,837 | | | | 1.8 | |
WSFS Financial Corp. | | | 13,807 | | | | 623,248 | | | | 6.1 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | 1,037,316 | | | | | |
| | | |
Computer Services Software & Systems | | | | | | | | | |
Envestnet, Inc. | | | 7,161 | | | | 414,694 | | | | 4.1 | |
| | | | | | | | | | | | |
| | | |
Diversified Financial Services | | | | | | | | | |
Moelis & Co., Class A | | | 11,511 | | | | 653,480 | | | | 6.4 | |
| | | | | | | | | | | | |
| | | |
Financial Data & Systems | | | | | | | | | |
Green Dot Corp., Class A | | | 16,301 | | | | 152,088 | | | | 1.5 | |
| | | | | | | | | | | | |
| | | | | | | | | | | | |
Security | | Shares | | | Value | | | % of Basket Value | |
| | | |
Insurance: Property-Casualty | | | | | | | | | |
Genworth Financial, Inc., Class A | | | 54,421 | | | $ | 349,927 | | | | 3.5 | % |
Pacific Premier Bancorp, Inc. | | | 16,955 | | | | 406,920 | | | | 4.0 | |
ProAssurance Corp. | | | 2,734 | | | | 35,159 | | | | 0.3 | |
Radian Group, Inc. | | | 36,924 | | | | 1,235,847 | | | | 12.2 | |
Stewart Information Services Corp. | | | 3,034 | | | | 197,392 | | | | 2.0 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | 2,225,245 | | | | | |
| | | |
IT Services | | | | | | | | | |
Payoneer Global, Inc. | | | 52,690 | | | | 256,073 | | | | 2.5 | |
| | | | | | | | | | | | |
| | | |
Office Supplies & Equipment | | | | | | | | | |
Pitney Bowes, Inc. | | | 117,101 | | | | 507,047 | | | | 5.0 | |
| | | | | | | | | | | | |
| | | |
Real Estate Investment Trusts (REITs) | | | | | | | | | |
Douglas Emmett, Inc. | | | 10,694 | | | | 148,326 | | | | 1.5 | |
| | | | | | | | | | | | |
| | |
Net Value of Reference Entity — HSBC Bank PLC | | | $ | 10,135,279 | | | | | |
| | | | | | | | | | | | |
The following table represents the individual long positions and related values of the equity securities underlying the total return swap with JPMorgan Chase Bank N.A. as of period end, termination date 02/10/25:
| | | | | | | | | | | | |
Security | | Shares | | | Value | | | % of Basket Value | |
|
Reference Entity — Long | |
| | | |
Common Stocks | | | | | | | | | |
|
Alternative Energy | |
Green Plains, Inc. | | | 15,114 | | | $ | 349,436 | | | | 2.8 | % |
| | | | | | | | | | | | |
| | | |
Banks: Diversified | | | | | | | | | |
Ameris Bancorp | | | 7,506 | | | | 363,140 | | | | 2.9 | |
Atlantic Union Bankshares Corp. | | | 9,048 | | | | 319,485 | | | | 2.6 | |
Bancorp., Inc. | | | 5,726 | | | | 191,592 | | | | 1.6 | |
BankUnited, Inc. | | | 701 | | | | 19,628 | | | | 0.2 | |
Cadence Bank | | | 27,247 | | | | 790,163 | | | | 6.4 | |
Central Pacific Financial Corp. | | | 12,465 | | | | 246,184 | | | | 2.0 | |
Community Bank System, Inc. | | | 8,375 | | | | 402,251 | | | | 3.3 | |
First BanCorp./Puerto Rico | | | 25,788 | | | | 452,321 | | | | 3.7 | |
First Bancorp./Southern Pines NC | | | 3,429 | | | | 123,855 | | | | 1.0 | |
First Commonwealth Financial Corp. | | | 888 | | | | 12,361 | | | | 0.1 | |
Hanmi Financial Corp. | | | 13,803 | | | | 219,744 | | | | 1.8 | |
Hope Bancorp., Inc. | | | 489 | | | | 5,628 | | | | 0.0 | |
Independent Bank Corp. | | | 8,632 | | | | 449,037 | | | | 3.6 | |
Lakeland Financial Corp. | | | 216 | | | | 14,325 | | | | 0.1 | |
National Bank Holdings Corp., Class A | | | 8,436 | | | | 304,287 | | | | 2.5 | |
NBT Bancorp, Inc. | | | 4,813 | | | | 176,541 | | | | 1.4 | |
Provident Financial Services, Inc. | | | 18,028 | | | | 262,668 | | | | 2.1 | |
Renasant Corp. | | | 12,663 | | | | 396,605 | | | | 3.2 | |
Seacoast Banking Corp. of Florida | | | 7,750 | | | | 196,772 | | | | 1.6 | |
Simmons First National Corp., Class A | | | 17,167 | | | | 334,070 | | | | 2.7 | |
TrustCo Bank Corp. | | | 60 | | | | 1,690 | | | | 0.0 | |
Veritex Holdings, Inc. | | | 9,338 | | | | 191,336 | | | | 1.6 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | 5,473,683 | | | | | |
| | |
Banks: Savings, Thrift & Mortgage Lending | | | | | | | |
Brookline Bancorp, Inc. | | | 7,522 | | | | 74,919 | | | | 0.6 | |
Heritage Financial Corp. | | | 2,989 | | | | 57,957 | | | | 0.5 | |
| | | | | | | | | | | | |
| | | | | | | 132,876 | | | | | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series |
| | | | | | | | | | | | |
Security | | Shares | | | Value | | | % of Basket Value | |
| | | |
Commercial Finance & Mortgage Companies | | | | | | | | | |
Pathward Financial, Inc. | | | 4,482 | | | $ | 226,251 | | | | 1.8 | % |
| | | | | | | | | | | | |
| | | |
Diversified Financial Services | | | | | | | | | |
Jackson Financial, Inc., Class A | | | 17,472 | | | | 1,155,598 | | | | 9.4 | |
| | | | | | | | | | | | |
| | | |
Education Services | | | | | | | | | |
Perdoceo Education Corp. | | | 7,471 | | | | 131,191 | | | | 1.0 | |
| | | | | | | | | | | | |
| | | |
Insurance | | | | | | | | | |
Employers Holdings, Inc., Series 2020 | | | 6,165 | | | | 279,829 | | | | 2.3 | |
| | | | | | | | | | | | |
| | | |
Insurance: Multi-Line | | | | | | | | | |
Horace Mann Educators Corp. | | | 11,895 | | | | 439,996 | | | | 3.6 | |
Safety Insurance Group, Inc. | | | 1,590 | | | | 130,682 | | | | 1.0 | |
| | | | | | | | | | | | |
| | | | | | | 570,678 | | | | | |
| | | |
Insurance: Property-Casualty | | | | | | | | | |
Genworth Financial, Inc., Class A | | | 73,572 | | | | 473,068 | | | | 3.8 | |
ProAssurance Corp. | | | 13,897 | | | | 178,715 | | | | 1.5 | |
| | | | | | | | | | | | |
| | | | | | | 651,783 | | | | | |
| | | | | | | | | | | | |
Security | | Shares | | | Value | | | % of Basket Value | |
| | | |
IT Services | | | | | | | | | |
Bread Financial Holdings, Inc. | | | 41,007 | | | $ | 1,527,101 | | | | 12.4 | % |
| | | | | | | | | | | | |
| | | |
Media | | | | | | | | | |
Vimeo, Inc. | | | 54,288 | | | | 222,038 | | | | 1.8 | |
| | | | | | | | | | | | |
| | | |
Real Estate Investment Trusts (REITs) | | | | | | | | | |
Douglas Emmett, Inc. | | | 104,159 | | | | 1,444,685 | | | | 11.7 | |
JBG SMITH Properties | | | 10,452 | | | | 167,755 | | | | 1.4 | |
| | | | | | | | | | | | |
| | | |
| | | | | | | 1,612,440 | | | | | |
| | | | | | | | | | | | |
| | |
Net Value of Reference Entity — JPMorgan Chase Bank N.A | | | $ | 12,332,904 | | | | | |
| | | | | | | | | | | | |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
| • | | Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Series has the ability to access; |
| • | | Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and |
| • | | Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments). |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Series’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the Series’s financial instruments categorized in the fair value hierarchy. The breakdown of the Series’s financial instruments into major categories is disclosed in the Schedule of Investments above.
| | | | | | | | | | | | | | | | |
| | | | |
| | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| | | | |
Assets | | | | | | | | | | | | | | | | |
Investments | | | | | | | | | | | | | | | | |
Long-Term Investments | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | |
Advertising Agencies | | $ | 8,259,995 | | | $ | — | | | $ | — | | | $ | 8,259,995 | |
Aerospace | | | 6,946,343 | | | | — | | | | — | | | | 6,946,343 | |
Aerospace & Defense | | | 49,736,989 | | | | — | | | | — | | | | 49,736,989 | |
Agriculture, Fishing & Ranching | | | 11,398,626 | | | | — | | | | — | | | | 11,398,626 | |
Air Transport | | | 20,233,170 | | | | — | | | | — | | | | 20,233,170 | |
Airlines | | | 324,421 | | | | — | | | | — | | | | 324,421 | |
Alternative Energy | | | 28,658,219 | | | | — | | | | — | | | | 28,658,219 | |
Aluminum | | | 4,172,796 | | | | — | | | | — | | | | 4,172,796 | |
Asset Management & Custodian | | | 36,235,153 | | | | — | | | | — | | | | 36,235,153 | |
Auto Components | | | 7,156,245 | | | | — | | | | — | | | | 7,156,245 | |
| | |
SERIES SCHEDULE OF INVESTMENTS | | 23 |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series |
Fair Value Hierarchy as of Period End (continued)
| | | | | | | | | | | | | | | | |
| | | | |
| | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| | | | |
Common Stocks (continued) | | | | | | | | | | | | | | | | |
Auto Parts | | $ | 33,627,101 | | | $ | — | | | $ | — | | | $ | 33,627,101 | |
Auto Services | | | 7,210,900 | | | | — | | | | — | | | | 7,210,900 | |
Back Office Support, HR & Consulting | | | 82,747,932 | | | | — | | | | — | | | | 82,747,932 | |
Banks: Diversified | | | 395,588,104 | | | | — | | | | — | | | | 395,588,104 | |
Banks: Savings, Thrift & Mortgage Lending | | | 8,416,368 | | | | — | | | | — | | | | 8,416,368 | |
Beverage: Soft Drinks | | | 15,926,906 | | | | — | | | | — | | | | 15,926,906 | |
Biotechnology | | | 394,304,428 | | | | 149,690 | | | | — | | | | 394,454,118 | |
Building Materials | | | 56,987,404 | | | | — | | | | — | | | | 56,987,404 | |
Building Products | | | 2,396,350 | | | | — | | | | — | | | | 2,396,350 | |
Building: Climate Control | | | 32,113,706 | | | | — | | | | — | | | | 32,113,706 | |
Building: Roofing, Wallboard & Plumbing | | | 14,934,459 | | | | — | | | | — | | | | 14,934,459 | |
Cable Television Services | | | 3,288,083 | | | | — | | | | — | | | | 3,288,083 | |
Capital Markets | | | 10,776,284 | | | | — | | | | — | | | | 10,776,284 | |
Casinos & Gambling | | | 25,717,783 | | | | — | | | | — | | | | 25,717,783 | |
Cement | | | 362,389 | | | | — | | | | — | | | | 362,389 | |
Chemicals | | | 2,088,136 | | | | — | | | | — | | | | 2,088,136 | |
Chemicals: Diversified | | | 50,483,160 | | | | — | | | | — | | | | 50,483,160 | |
Chemicals: Specialty | | | 31,003,083 | | | | — | | | | — | | | | 31,003,083 | |
Coal | | | 21,355,502 | | | | — | | | | — | | | | 21,355,502 | |
Commercial Banks | | | 1,994,367 | | | | — | | | | — | | | | 1,994,367 | |
Commercial Finance & Mortgage Companies | | | 14,223,170 | | | | — | | | | — | | | | 14,223,170 | |
Commercial Services & Supplies | | | 9,169,720 | | | | — | | | | — | | | | 9,169,720 | |
Commercial Services: Rental & Leasing | | | 51,266,844 | | | | — | | | | — | | | | 51,266,844 | |
Commercial Vehicles & Parts | | | 23,785,244 | | | | — | | | | — | | | | 23,785,244 | |
Communications Equipment | | | 533,984 | | | | — | | | | — | | | | 533,984 | |
Communications Technology | | | 28,729,970 | | | | — | | | | — | | | | 28,729,970 | |
Computer Services Software & Systems | | | 304,400,453 | | | | — | | | | — | | | | 304,400,453 | |
Computer Technology | | | 122,796,117 | | | | — | | | | — | | | | 122,796,117 | |
Construction | | | 31,898,992 | | | | — | | | | — | | | | 31,898,992 | |
Consumer Electronics | | | 4,712,882 | | | | — | | | | — | | | | 4,712,882 | |
Consumer Finance | | | 4,811,657 | | | | — | | | | — | | | | 4,811,657 | |
Consumer Lending | | | 18,842,245 | | | | — | | | | — | | | | 18,842,245 | |
Consumer Services: Miscellaneous | | | 17,643,705 | | | | — | | | | — | | | | 17,643,705 | |
Containers & Packaging | | | 15,295,410 | | | | — | | | | — | | | | 15,295,410 | |
Cosmetics | | | 24,543,357 | | | | — | | | | — | | | | 24,543,357 | |
Diversified Consumer Services | | | 17,923,457 | | | | — | | | | — | | | | 17,923,457 | |
Diversified Financial Services | | | 30,700,157 | | | | — | | | | — | | | | 30,700,157 | |
Diversified Manufacturing Operations | | | 31,581,453 | | | | — | | | | — | | | | 31,581,453 | |
Diversified Materials & Processing | | | 23,251,899 | | | | — | | | | — | | | | 23,251,899 | |
Diversified Media | | | 465,469 | | | | — | | | | — | | | | 465,469 | |
Diversified Retail | | | 16,553,476 | | | | — | | | | — | | | | 16,553,476 | |
Diversified Telecommunication Services | | | 3,537,152 | | | | — | | | | — | | | | 3,537,152 | |
Drug & Grocery Store Chains | | | 16,882,577 | | | | — | | | | — | | | | 16,882,577 | |
Education Services | | | 32,040,921 | | | | — | | | | — | | | | 32,040,921 | |
Electrical Equipment | | | 10,335,326 | | | | — | | | | — | | | | 10,335,326 | |
Electronic Components | | | 34,102,208 | | | | — | | | | — | | | | 34,102,208 | |
Electronic Entertainment | | | 1,137,374 | | | | — | | | | — | | | | 1,137,374 | |
Electronic Equipment, Instruments & Components | | | 9,179,926 | | | | — | | | | — | | | | 9,179,926 | |
Electronics | | | 25,133,321 | | | | — | | | | — | | | | 25,133,321 | |
Energy Equipment | | | 48,864,306 | | | | — | | | | — | | | | 48,864,306 | |
Energy Equipment & Services | | | 35,617,249 | | | | — | | | | — | | | | 35,617,249 | |
Engineering & Contracting Services | | | 40,560,312 | | | | — | | | | — | | | | 40,560,312 | |
Entertainment | | | 17,401,250 | | | | — | | | | — | | | | 17,401,250 | |
Environmental, Maintenance, & Security Service | | | 24,685,438 | | | | — | | | | — | | | | 24,685,438 | |
Financial Data & Systems | | | 17,337,174 | | | | — | | | | — | | | | 17,337,174 | |
Financial Services | | | 15,411,006 | | | | — | | | | — | | | | 15,411,006 | |
Food & Staples Retailing | | | 324,738 | | | | — | | | | — | | | | 324,738 | |
Food Products | | | 6,716,918 | | | | — | | | | — | | | | 6,716,918 | |
Foods | | | 38,213,256 | | | | — | | | | — | | | | 38,213,256 | |
Forest Products | | | 25,145,746 | | | | — | | | | — | | | | 25,145,746 | |
Forms & Bulk Printing Services | | | 2,932,082 | | | | — | | | | — | | | | 2,932,082 | |
Fruit & Grain Processing | | | 2,547,725 | | | | — | | | | — | | | | 2,547,725 | |
Funeral Parlors & Cemeteries | | | 8,952,028 | | | | — | | | | — | | | | 8,952,028 | |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series |
Fair Value Hierarchy as of Period End (continued)
| | | | | | | | | | | | | | | | |
| | | | |
| | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| | | | |
Common Stocks (continued) | | | | | | | | | | | | | | | | |
Gas Pipeline | | $ | 13,689,536 | | | $ | — | | | $ | — | | | $ | 13,689,536 | |
Glass | | | 2,439,987 | | | | — | | | | — | | | | 2,439,987 | |
Gold | | | 4,192,196 | | | | — | | | | — | | | | 4,192,196 | |
Health Care Equipment & Services | | | 2,616,549 | | | | — | | | | — | | | | 2,616,549 | |
Health Care Equipment & Supplies | | | 8,447,834 | | | | — | | | | — | | | | 8,447,834 | |
Health Care Facilities | | | 35,973,333 | | | | — | | | | — | | | | 35,973,333 | |
Health Care Management Services | | | 21,361,084 | | | | — | | | | — | | | | 21,361,084 | |
Health Care Providers & Services | | | 969,146 | | | | — | | | | — | | | | 969,146 | |
Health Care Services | | | 71,638,452 | | | | — | | | | — | | | | 71,638,452 | |
Home Building | | | 78,916,675 | | | | — | | | | — | | | | 78,916,675 | |
Hotel/Motel | | | 10,964,114 | | | | — | | | | — | | | | 10,964,114 | |
Hotels, Restaurants & Leisure | | | 5,445,472 | | | | — | | | | — | | | | 5,445,472 | |
Household Appliances | | | 965,029 | | | | — | | | | — | | | | 965,029 | |
Household Durables | | | 4,404,156 | | | | — | | | | — | | | | 4,404,156 | |
Household Equipment & Products | | | 22,610,494 | | | | — | | | | — | | | | 22,610,494 | |
Household Furnishings | | | 9,426,754 | | | | — | | | | — | | | | 9,426,754 | |
Independent Power Producers & Energy Traders | | | 1,090,074 | | | | — | | | | — | | | | 1,090,074 | |
Industrial Conglomerates | | | 1,170,138 | | | | — | | | | — | | | | 1,170,138 | |
Insurance | | | 20,093,893 | | | | — | | | | — | | | | 20,093,893 | |
Insurance: Life | | | 18,620,278 | | | | — | | | | — | | | | 18,620,278 | |
Insurance: Multi-Line | | | 21,007,129 | | | | — | | | | — | | | | 21,007,129 | |
Insurance: Property-Casualty | | | 66,945,919 | | | | — | | | | — | | | | 66,945,919 | |
International Trade & Diversified Logistic | | | 1,774,910 | | | | — | | | | — | | | | 1,774,910 | |
Internet & Catalog Retail | | | 1,434,728 | | | | — | | | | — | | | | 1,434,728 | |
Internet Software & Services | | | 14,345,022 | | | | — | | | | — | | | | 14,345,022 | |
IT Services | | | 23,950,023 | | | | — | | | | — | | | | 23,950,023 | |
Leisure Time | | | 35,999,923 | | | | — | | | | — | | | | 35,999,923 | |
Life Sciences Tools & Services | | | 803,698 | | | | — | | | | — | | | | 803,698 | |
Luxury Items | | | 9,935,994 | | | | — | | | | — | | | | 9,935,994 | |
Machinery | | | 5,421,171 | | | | — | | | | — | | | | 5,421,171 | |
Machinery: Agricultural | | | 20,269,403 | | | | — | | | | — | | | | 20,269,403 | |
Machinery: Construction & Handling | | | 12,009,238 | | | | — | | | | — | | | | 12,009,238 | |
Machinery: Industrial | | | 65,964,155 | | | | — | | | | — | | | | 65,964,155 | |
Machinery: Specialty | | | 5,457,524 | | | | — | | | | — | | | | 5,457,524 | |
Manufactured Housing | | | 14,818,583 | | | | — | | | | — | | | | 14,818,583 | |
Marine | | | 2,975,162 | | | | — | | | | — | | | | 2,975,162 | |
Media | | | 7,796,154 | | | | — | | | | — | | | | 7,796,154 | |
Medical & Dental Instruments & Supplies | | | 69,424,383 | | | | — | | | | — | | | | 69,424,383 | |
Medical Equipment | | | 44,721,054 | | | | — | | | | — | | | | 44,721,054 | |
Medical Services | | | 1,118,761 | | | | — | | | | — | | | | 1,118,761 | |
Metal Fabricating | | | 27,577,494 | | | | — | | | | — | | | | 27,577,494 | |
Metals & Minerals: Diversified | | | 49,792,774 | | | | — | | | | — | | | | 49,792,774 | |
Metals & Mining | | | 1,466,935 | | | | — | | | | — | | | | 1,466,935 | |
Mining | | | 762,051 | | | | — | | | | — | | | | 762,051 | |
Office Supplies & Equipment | | | 11,936,998 | | | | — | | | | — | | | | 11,936,998 | |
Oil & Gas Producers | | | 18,615,239 | | | | — | | | | — | | | | 18,615,239 | |
Oil Well Equipment & Services | | | 59,765,141 | | | | — | | | | — | | | | 59,765,141 | |
Oil, Gas & Consumable Fuels | | | 32,089,864 | | | | — | | | | — | | | | 32,089,864 | |
Oil: Crude Producers | | | 89,310,405 | | | | — | | | | — | | | | 89,310,405 | |
Oil: Refining & Marketing | | | 23,114,998 | | | | — | | | | — | | | | 23,114,998 | |
Paints & Coatings | | | 8,559,246 | | | | — | | | | — | | | | 8,559,246 | |
Paper | | | 3,364,835 | | | | — | | | | — | | | | 3,364,835 | |
Paper & Forest Products | | | 4,123,862 | | | | — | | | | — | | | | 4,123,862 | |
Personal Care | | | 28,457,683 | | | | — | | | | — | | | | 28,457,683 | |
Personal Products | | | 1,852,416 | | | | — | | | | — | | | | 1,852,416 | |
Pharmaceuticals | | | 98,314,377 | | | | — | | | | — | | | | 98,314,377 | |
Photography | | | 502,805 | | | | — | | | | — | | | | 502,805 | |
Power Transmission Equipment | | | 11,316,440 | | | | — | | | | — | | | | 11,316,440 | |
Printing & Copying Services | | | 13,385,586 | | | | — | | | | — | | | | 13,385,586 | |
Producer Durables: Miscellaneous | | | 2,131,947 | | | | — | | | | — | | | | 2,131,947 | |
Production Technology Equipment | | | 41,858,802 | | | | — | | | | — | | | | 41,858,802 | |
Professional Services | | | 12,645,112 | | | | — | | | | — | | | | 12,645,112 | |
Publishing | | | 5,985,331 | | | | — | | | | — | | | | 5,985,331 | |
| | |
SERIES SCHEDULE OF INVESTMENTS | | 25 |
| | |
Schedule of Investments (unaudited) (continued) March 31, 2024 | | Master Small Cap Index Series |
Fair Value Hierarchy as of Period End (continued)
| | | | | | | | | | | | | | | | |
| | | | |
| | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
| | | | |
Common Stocks (continued) | | | | | | | | | | | | | | | | |
Radio & TV Broadcasters | | $ | 7,073,238 | | | $ | — | | | $ | — | | | $ | 7,073,238 | |
Railroad Equipment | | | 7,184,599 | | | | — | | | | — | | | | 7,184,599 | |
Real Estate | | | 19,816,820 | | | | — | | | | — | | | | 19,816,820 | |
Real Estate Investment Trusts (REITs) | | | 275,706,299 | | | | — | | | | — | | | | 275,706,299 | |
Real Estate Management & Development | | | 9,509,827 | | | | — | | | | — | | | | 9,509,827 | |
Recreational Vehicles & Boats | | | 14,363,102 | | | | — | | | | — | | | | 14,363,102 | |
Rental & Leasing Services: Consumer | | | 3,513,324 | | | | — | | | | — | | | | 3,513,324 | |
Restaurants | | | 46,086,389 | | | | — | | | | — | | | | 46,086,389 | |
Scientific Instruments: Control & Filter | | | 34,816,082 | | | | — | | | | — | | | | 34,816,082 | |
Scientific Instruments: Electrical | | | 34,691,931 | | | | — | | | | — | | | | 34,691,931 | |
Scientific Instruments: Gauges & Meters | | | 21,091,124 | | | | — | | | | — | | | | 21,091,124 | |
Scientific Instruments: Pollution Control | | | 1,274,249 | | | | — | | | | — | | | | 1,274,249 | |
Securities Brokerage & Services | | | 3,552,135 | | | | — | | | | — | | | | 3,552,135 | |
Semiconductors & Components | | | 82,393,532 | | | | — | | | | — | | | | 82,393,532 | |
Semiconductors & Semiconductor Equipment | | | 12,771,517 | | | | — | | | | — | | | | 12,771,517 | |
Shipping | | | 48,357,945 | | | | — | | | | — | | | | 48,357,945 | |
Software | | | 62,571,758 | | | | — | | | | — | | | | 62,571,758 | |
Specialty Retail | | | 115,145,389 | | | | — | | | | — | | | | 115,145,389 | |
Steel | | | 25,868,684 | | | | — | | | | — | | | | 25,868,684 | |
Technology Hardware & Equipment | | | 7,326,163 | | | | — | | | | — | | | | 7,326,163 | |
Technology: Miscellaneous | | | 23,487,481 | | | | — | | | | — | | | | 23,487,481 | |
Telecommunications Equipment | | | 7,300,093 | | | | — | | | | — | | | | 7,300,093 | |
Textile Products | | | 1,798,344 | | | | — | | | | — | | | | 1,798,344 | |
Textiles Apparel & Shoes | | | 24,107,692 | | | | — | | | | — | | | | 24,107,692 | |
Textiles, Apparel & Luxury Goods | | | 109,738 | | | | — | | | | — | | | | 109,738 | |
Toys | | | 431,053 | | | | — | | | | — | | | | 431,053 | |
Trading Companies & Distributors | | | 900,618 | | | | — | | | | — | | | | 900,618 | |
Transportation Miscellaneous | | | 6,059,639 | | | | — | | | | — | | | | 6,059,639 | |
Truckers | | | 24,223,304 | | | | — | | | | — | | | | 24,223,304 | |
Utilities: Electrical | | | 52,453,585 | | | | — | | | | — | | | | 52,453,585 | |
Utilities: Gas Distributors | | | 29,845,032 | | | | — | | | | — | | | | 29,845,032 | |
Utilities: Miscellaneous | | | 14,734,028 | | | | — | | | | — | | | | 14,734,028 | |
Utilities: Telecommunications | | | 21,671,538 | | | | — | | | | — | | | | 21,671,538 | |
Utilities: Water | | | 18,096,227 | | | | — | | | | — | | | | 18,096,227 | |
Investment Companies | | | 30,367,110 | | | | — | | | | — | | | | 30,367,110 | |
Rights | | | — | | | | 15,140 | | | | 56,070 | | | | 71,210 | |
Short-Term Securities | | | | | | | | | | | | | | | | |
Money Market Funds | | | 380,520,615 | | | | — | | | | — | | | | 380,520,615 | |
| | | | | | | | | | | | | | | | |
| | | | |
| | $ | 5,351,990,769 | | | $ | 164,830 | | | $ | 56,070 | | | $ | 5,352,211,669 | |
| | | | | | | | | | | | | | | | |
Derivative Financial Instruments(a) | | | | | | | | | | | | | | | | |
Assets | | | | | | | | | | | | | | | | |
Equity Contracts | | $ | 524,376 | | | $ | 636,966 | | | $ | — | | | $ | 1,161,342 | |
| | | | | | | | | | | | | | | | |
| (a) | Derivative financial instruments are swaps and futures contracts. Swaps and futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. | |
| | |
Portfolio Abbreviation |
| |
CPI | | Consumer Price Index |
| |
CVR | | Contingent Value Right |
| |
ETF | | Exchange-Traded Fund |
| |
REIT | | Real Estate Investment Trust |