Schedule of Investments (unaudited) March 31, 2020 | iShares MSCI EAFE International Index Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks — 94.4% |
| |||||||
Australia — 6.3% |
| |||||||
AGL Energy Ltd. | 282,724 | $ | 2,958,802 | |||||
Alumina Ltd. | 1,077,452 | 965,608 | ||||||
AMP Ltd.(a) | 1,537,332 | 1,255,450 | ||||||
APA Group(b) | 494,431 | 3,137,538 | ||||||
Aristocrat Leisure Ltd. | 243,606 | 3,156,557 | ||||||
ASX Ltd. | 82,342 | 3,865,191 | ||||||
Aurizon Holdings Ltd. | 862,862 | 2,236,169 | ||||||
AusNet Services | 719,189 | 755,155 | ||||||
Australia & New Zealand Banking Group Ltd. | 1,205,414 | 12,641,653 | ||||||
Bendigo & Adelaide Bank Ltd. | 222,661 | 855,432 | ||||||
BGP Holdings PLC(a)(c) | 966,939 | 11 | ||||||
BHP Group Ltd. | 1,252,731 | 22,726,176 | ||||||
BHP Group PLC | 898,164 | 13,939,191 | ||||||
BlueScope Steel Ltd. | 230,462 | 1,206,588 | ||||||
Boral Ltd. | 533,668 | 670,305 | ||||||
Brambles Ltd. | 672,163 | 4,344,690 | ||||||
Caltex Australia Ltd. | 109,323 | 1,476,166 | ||||||
Challenger Ltd. | 260,050 | 635,204 | ||||||
CIMIC Group Ltd. | 35,358 | 500,785 | ||||||
Coca-Cola Amatil Ltd. | 197,865 | 1,067,932 | ||||||
Cochlear Ltd. | 25,842 | 2,945,246 | ||||||
Coles Group Ltd. | 476,933 | 4,441,694 | ||||||
Commonwealth Bank of Australia | 752,799 | 28,403,123 | ||||||
Computershare Ltd. | 228,846 | 1,369,947 | ||||||
Crown Resorts Ltd. | 148,201 | 687,761 | ||||||
CSL Ltd. | 193,009 | 34,987,046 | ||||||
Dexus | 457,903 | 2,537,514 | ||||||
Flight Centre Travel Group Ltd.(a)(c) | 29,652 | 177,760 | ||||||
Fortescue Metals Group Ltd. | 587,714 | 3,601,642 | ||||||
Goodman Group | 699,784 | 5,129,180 | ||||||
GPT Group | 866,774 | 1,925,673 | ||||||
Harvey Norman Holdings Ltd. | 284,027 | 521,518 | ||||||
Incitec Pivot Ltd. | 700,663 | 869,119 | ||||||
Insurance Australia Group Ltd. | 988,482 | 3,729,592 | ||||||
Lendlease Group(b) | 236,095 | 1,480,265 | ||||||
Macquarie Group Ltd. | 143,167 | 7,624,777 | ||||||
Magellan Financial Group Ltd. | 51,011 | 1,352,900 | ||||||
Medibank Pvt Ltd. | 1,192,109 | 1,960,431 | ||||||
Mirvac Group | 1,763,648 | 2,240,705 | ||||||
National Australia Bank Ltd. | 1,226,056 | 12,576,732 | ||||||
Newcrest Mining Ltd. | 322,752 | 4,432,263 | ||||||
Oil Search Ltd. | 503,352 | 729,990 | ||||||
Orica Ltd. | 160,019 | 1,497,973 | ||||||
Origin Energy Ltd. | 778,053 | 2,090,805 | ||||||
Qantas Airways Ltd. | 312,303 | 607,619 | ||||||
QBE Insurance Group Ltd. | 550,185 | 2,865,910 | ||||||
Ramsay Health Care Ltd. | 64,743 | 2,276,507 | ||||||
REA Group Ltd. | 20,858 | 977,071 | ||||||
Rio Tinto Ltd. | 157,861 | 8,132,914 | ||||||
Rio Tinto PLC | 478,785 | 21,948,580 | ||||||
Santos Ltd. | 771,512 | 1,584,496 | ||||||
Scentre Group | 2,175,603 | 2,083,846 |
Security | Shares | Value | ||||||
Australia (continued) | ||||||||
SEEK Ltd. | 135,754 | $ | 1,240,552 | |||||
Sonic Healthcare Ltd. | 186,951 | 2,809,840 | ||||||
South32 Ltd. | 2,181,622 | 2,408,312 | ||||||
Stockland | 1,056,082 | 1,623,953 | ||||||
Suncorp Group Ltd. | 519,487 | 2,884,847 | ||||||
Sydney Airport(b) | 467,924 | 1,616,723 | ||||||
Tabcorp Holdings Ltd. | 822,021 | 1,272,157 | ||||||
Telstra Corp. Ltd. | 1,752,235 | 3,289,203 | ||||||
TPG Telecom Ltd. | 132,343 | 563,617 | ||||||
Transurban Group(b) | 1,162,246 | 8,657,142 | ||||||
Treasury Wine Estates Ltd. | 306,011 | 1,899,890 | ||||||
Vicinity Centres | 1,551,076 | 970,258 | ||||||
Washington H Soul Pattinson & Co. Ltd. | 47,613 | 492,004 | ||||||
Wesfarmers Ltd. | 482,168 | 10,217,229 | ||||||
Westpac Banking Corp. | 1,517,691 | 15,587,896 | ||||||
WiseTech Global Ltd. | 47,320 | 491,937 | ||||||
Woodside Petroleum Ltd. | 391,630 | 4,345,709 | ||||||
Woolworths Group Ltd. | 536,334 | 11,663,314 | ||||||
Worley Ltd. | 174,357 | 647,013 | ||||||
|
| |||||||
318,866,798 | ||||||||
Austria — 0.2% | ||||||||
ANDRITZ AG | 31,927 | 1,000,264 | ||||||
Erste Group Bank AG | 124,231 | 2,274,384 | ||||||
OMV AG | 62,602 | 1,713,221 | ||||||
Raiffeisen Bank International AG | 55,226 | 794,382 | ||||||
Verbund AG | 30,844 | 1,112,426 | ||||||
voestalpine AG | 51,476 | 1,038,609 | ||||||
|
| |||||||
7,933,286 | ||||||||
Belgium — 0.8% | ||||||||
Ageas | 79,621 | 3,317,965 | ||||||
Anheuser-Busch InBev SA | 324,025 | 14,312,129 | ||||||
Colruyt SA | 24,016 | 1,301,856 | ||||||
Galapagos NV(a)(d) | 19,082 | 3,747,272 | ||||||
Groupe Bruxelles Lambert SA | 32,486 | 2,556,032 | ||||||
KBC Group NV | 106,066 | 4,812,761 | ||||||
Proximus SADP | 65,530 | 1,504,864 | ||||||
Solvay SA | 32,227 | 2,322,517 | ||||||
Telenet Group Holding NV | 18,285 | 549,073 | ||||||
UCB SA | 55,077 | 4,712,505 | ||||||
Umicore SA | 82,968 | 2,861,668 | ||||||
|
| |||||||
41,998,642 | ||||||||
Chile — 0.0% | ||||||||
Antofagasta PLC | 155,981 | 1,489,689 | ||||||
|
| |||||||
China — 0.5% | ||||||||
BeiGene Ltd., ADR(a) | 16,610 | 2,044,857 | ||||||
BOC Hong Kong Holdings Ltd. | 1,547,534 | 4,248,010 | ||||||
Budweiser Brewing Co. APAC Ltd.(e) | 546,000 | 1,404,163 | ||||||
Prosus NV(a) | 207,266 | 14,435,683 |
1
Schedule of Investments (unaudited) (continued) March 31, 2020 | iShares MSCI EAFE International Index Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
China (continued) | ||||||||
Yangzijiang Shipbuilding Holdings Ltd. | 865,783 | $ | 502,362 | |||||
|
| |||||||
22,635,075 | ||||||||
Colombia — 0.0% | ||||||||
Millicom International Cellular SA, SDR | 37,102 | 1,030,824 | ||||||
|
| |||||||
Denmark — 2.1% | ||||||||
AP Moeller - Maersk A/S, Class B | 2,847 | 2,523,479 | ||||||
AP Moeller - Maersk A/S, Class A | 1,531 | 1,257,444 | ||||||
Carlsberg A/S, Class B | 45,137 | 5,081,512 | ||||||
Chr Hansen Holding A/S | 47,138 | 3,478,441 | ||||||
Coloplast A/S, Class B | 50,520 | 7,326,729 | ||||||
Danske Bank A/S | 272,517 | 3,032,950 | ||||||
Demant A/S(a) | 46,392 | 1,010,112 | ||||||
DSV PANALPINA A/S | 89,650 | 8,151,788 | ||||||
Genmab A/S(a) | 27,640 | 5,552,007 | ||||||
H Lundbeck A/S | 29,845 | 876,319 | ||||||
ISS A/S | 78,318 | 1,071,430 | ||||||
Novo Nordisk A/S, Class B | 752,457 | 44,933,751 | ||||||
Novozymes A/S, Class B | 90,804 | 4,073,176 | ||||||
Orsted A/S(e) | 80,353 | 7,866,368 | ||||||
Pandora A/S | 41,988 | 1,349,122 | ||||||
Tryg A/S | 48,625 | 1,183,522 | ||||||
Vestas Wind Systems A/S | 79,133 | 6,438,705 | ||||||
|
| |||||||
105,206,855 | ||||||||
Finland — 1.1% | ||||||||
Elisa OYJ | 60,002 | 3,703,528 | ||||||
Fortum OYJ | 184,931 | 2,690,197 | ||||||
Kone OYJ, Class B | 144,539 | 8,094,280 | ||||||
Metso OYJ | 44,890 | 1,057,860 | ||||||
Neste OYJ | 178,247 | 5,926,273 | ||||||
Nokia OYJ | 2,367,579 | 7,291,803 | ||||||
Nokian Renkaat OYJ | 57,343 | 1,369,239 | ||||||
Nordea Bank Abp | 1,377,802 | 7,750,700 | ||||||
Orion OYJ, Class B | 43,705 | 1,778,630 | ||||||
Sampo OYJ, Class A | 187,669 | 5,414,026 | ||||||
Stora Enso OYJ, Class R | 255,755 | 2,557,254 | ||||||
UPM-Kymmene OYJ | 226,972 | 6,188,825 | ||||||
Wartsila OYJ Abp | 184,917 | 1,350,346 | ||||||
|
| |||||||
55,172,961 | ||||||||
France — 9.9% | ||||||||
Accor SA | 75,981 | 2,041,307 | ||||||
Aeroports de Paris | 12,428 | 1,200,619 | ||||||
Air Liquide SA | 201,157 | 25,677,169 | ||||||
Airbus SE | 248,183 | 16,003,295 | ||||||
Alstom SA | 80,851 | 3,338,508 | ||||||
Amundi SA(e) | 25,881 | 1,497,459 | ||||||
Arkema SA | 29,320 | 2,001,808 | ||||||
Atos SE | 43,266 | 2,882,606 | ||||||
AXA SA | 821,955 | 13,917,289 | ||||||
BioMerieux | 16,884 | 1,911,409 | ||||||
BNP Paribas SA | 478,332 | 13,965,006 | ||||||
Bollore SA | 416,743 | 1,132,553 |
Security | Shares | Value | ||||||
France (continued) | ||||||||
Bouygues SA | 93,366 | $ | 2,709,589 | |||||
Bureau Veritas SA | 126,161 | 2,377,994 | ||||||
Capgemini SE | 67,174 | 5,613,212 | ||||||
Carrefour SA | 262,431 | 4,160,652 | ||||||
Casino Guichard-Perrachon SA(a)(d) | 22,616 | 865,515 | ||||||
Cie de Saint-Gobain | 206,614 | 4,957,791 | ||||||
Cie Generale des Etablissements Michelin SCA | 72,697 | 6,367,149 | ||||||
CNP Assurances | 73,780 | 714,380 | ||||||
Covivio | 18,736 | 1,052,227 | ||||||
Credit Agricole SA | 494,061 | 3,495,921 | ||||||
Danone SA | 262,597 | 16,805,730 | ||||||
Dassault Aviation SA | 1,056 | 867,175 | ||||||
Dassault Systemes SE | 55,905 | 8,161,628 | ||||||
Edenred | 100,651 | 4,176,961 | ||||||
Eiffage SA | 34,711 | 2,463,908 | ||||||
Electricite de France SA | 244,458 | 1,911,540 | ||||||
Engie SA | 776,708 | 7,953,836 | ||||||
EssilorLuxottica SA | 120,659 | 12,774,731 | ||||||
Eurazeo SE | 17,741 | 796,032 | ||||||
Eutelsat Communications SA | 74,301 | 772,371 | ||||||
Faurecia SE | 29,964 | 877,394 | ||||||
Gecina SA | 18,669 | 2,456,646 | ||||||
Getlink SE | 190,480 | 2,303,788 | ||||||
Hermes International | 13,468 | 9,163,769 | ||||||
ICADE | 12,935 | 1,015,246 | ||||||
Iliad SA(d) | 6,071 | 817,971 | ||||||
Ingenico Group SA | 24,904 | 2,603,199 | ||||||
Ipsen SA | 15,827 | 811,289 | ||||||
JCDecaux SA | 30,058 | 534,371 | ||||||
Kering SA | 32,220 | 16,799,911 | ||||||
Klepierre SA | 83,416 | 1,590,039 | ||||||
L’Oreal SA | 106,795 | 27,639,677 | ||||||
Legrand SA | 112,219 | 7,157,540 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 118,215 | 43,355,477 | ||||||
Natixis SA | 431,544 | 1,374,138 | ||||||
Orange SA | 848,397 | 10,271,927 | ||||||
Pernod Ricard SA | 90,297 | 12,816,406 | ||||||
Peugeot SA | 249,645 | 3,250,196 | ||||||
Publicis Groupe SA | 96,135 | 2,747,434 | ||||||
Remy Cointreau SA | 9,611 | 1,047,490 | ||||||
Renault SA | 84,102 | 1,598,332 | ||||||
Safran SA(a) | 139,182 | 12,331,118 | ||||||
Sanofi | 479,559 | 41,517,720 | ||||||
Sartorius Stedim Biotech | 11,809 | 2,356,533 | ||||||
Schneider Electric SE | 235,115 | 19,872,590 | ||||||
SCOR SE | 67,428 | 1,483,499 | ||||||
SEB SA | 9,847 | 1,219,608 | ||||||
Societe Generale SA | 344,753 | 5,647,792 | ||||||
Sodexo SA(d) | 36,050 | 2,420,944 | ||||||
Suez | 143,270 | 1,455,535 | ||||||
Teleperformance | 24,799 | 5,136,286 | ||||||
Thales SA | 45,312 | 3,752,546 | ||||||
TOTAL SA | 1,020,629 | 38,456,049 |
2
Schedule of Investments (unaudited) (continued) March 31, 2020 | iShares MSCI EAFE International Index Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
France (continued) | ||||||||
UbiSoft Entertainment SA(a) | 39,772 | $ | 2,906,974 | |||||
Unibail-Rodamco-Westfield | 60,222 | 3,438,465 | ||||||
Valeo SA | 98,147 | 1,597,416 | ||||||
Veolia Environnement SA | 227,057 | 4,795,641 | ||||||
Vinci SA | 218,772 | 17,875,695 | ||||||
Vivendi SA | 352,376 | 7,450,417 | ||||||
Wendel SA | 12,213 | 969,147 | ||||||
Worldline SA(a)(e) | 53,507 | 3,158,047 | ||||||
|
| |||||||
502,641,632 | ||||||||
Germany — 7.3% | ||||||||
adidas AG | 76,705 | 17,030,601 | ||||||
Allianz SE, Registered Shares | 177,404 | 30,211,441 | ||||||
Aroundtown SA | 510,341 | 2,554,487 | ||||||
BASF SE | 390,585 | 18,256,693 | ||||||
Bayer AG, Registered Shares | 417,778 | 23,938,028 | ||||||
Bayerische Motoren Werke AG | 139,427 | 7,117,634 | ||||||
Beiersdorf AG | 44,000 | 4,430,391 | ||||||
Brenntag AG | 65,536 | 2,381,062 | ||||||
Carl Zeiss Meditec AG, Bearer Shares | 16,590 | 1,579,708 | ||||||
Commerzbank AG | 417,267 | 1,485,405 | ||||||
Continental AG | 46,619 | 3,323,853 | ||||||
Covestro AG(e) | 76,017 | 2,306,975 | ||||||
Daimler AG, Registered Shares | 386,708 | 11,548,709 | ||||||
Delivery Hero SE(a)(e) | 47,904 | 3,522,097 | ||||||
Deutsche Bank AG, Registered Shares(d) | 831,078 | 5,283,229 | ||||||
Deutsche Boerse AG | 80,798 | 11,100,345 | ||||||
Deutsche Lufthansa AG, Registered Shares(d) | 108,468 | 1,014,516 | ||||||
Deutsche Post AG, Registered Shares | 420,662 | 11,277,353 | ||||||
Deutsche Telekom AG, Registered Shares | 1,417,376 | 18,306,009 | ||||||
Deutsche Wohnen SE, Bearer Shares | 152,315 | 5,772,536 | ||||||
E.ON SE | 954,743 | 9,793,439 | ||||||
Evonik Industries AG | 86,758 | 1,811,786 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 20,752 | 835,373 | ||||||
Fresenius Medical Care AG & Co. KGaA | 90,591 | 5,913,412 | ||||||
Fresenius SE & Co. KGaA | 177,716 | 6,616,840 | ||||||
GEA Group AG | 60,273 | 1,245,104 | ||||||
Hannover Rueck SE | 25,649 | 3,621,783 | ||||||
HeidelbergCement AG | 60,691 | 2,592,904 | ||||||
Henkel AG & Co. KGaA | 43,281 | 3,179,329 | ||||||
Hochtief AG | 9,014 | 591,856 | ||||||
Infineon Technologies AG | 530,899 | 7,663,922 | ||||||
KION Group AG | 29,736 | 1,279,774 | ||||||
Knorr-Bremse AG | 20,980 | 1,844,475 | ||||||
LANXESS AG | 34,224 | 1,362,252 | ||||||
Merck KGaA | 54,745 | 5,527,167 | ||||||
METRO AG | 82,185 | 699,984 | ||||||
MTU Aero Engines AG | 22,044 | 3,187,490 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG, Registered Shares | 61,372 | 12,340,080 |
Security | Shares | Value | ||||||
Germany (continued) | ||||||||
Puma SE | 35,650 | $ | 2,094,618 | |||||
RWE AG | 244,389 | 6,391,162 | ||||||
SAP SE | 417,940 | 46,662,128 | ||||||
Siemens AG, Registered Shares | 325,318 | 27,240,505 | ||||||
Siemens Healthineers AG(e) | 65,630 | 2,537,027 | ||||||
Symrise AG | 54,180 | 5,012,127 | ||||||
Telefonica Deutschland Holding AG | 374,906 | 920,433 | ||||||
Thyssenkrupp AG(a) | 181,665 | 956,859 | ||||||
TUI AG(d) | 188,755 | 826,191 | ||||||
Uniper SE | 87,856 | 2,158,025 | ||||||
United Internet AG, Registered Shares | 45,776 | 1,331,069 | ||||||
Volkswagen AG | 13,731 | 1,801,473 | ||||||
Vonovia SE | 219,073 | 10,897,455 | ||||||
Wirecard AG(d) | 49,557 | 5,583,591 | ||||||
Zalando SE(a)(e) | 60,524 | 2,281,153 | ||||||
|
| |||||||
369,241,858 | ||||||||
Hong Kong — 3.0% | ||||||||
AIA Group Ltd. | 5,140,883 | 46,034,723 | ||||||
ASM Pacific Technology Ltd. | 124,283 | 1,152,393 | ||||||
Bank of East Asia Ltd.(d) | 552,187 | 1,180,032 | ||||||
CK Asset Holdings Ltd. | 1,099,589 | 5,966,027 | ||||||
CK Infrastructure Holdings Ltd. | 263,844 | 1,396,761 | ||||||
CLP Holdings Ltd. | 698,261 | 6,396,074 | ||||||
Dairy Farm International Holdings Ltd. | 120,620 | 554,788 | ||||||
Hang Lung Properties Ltd. | 867,565 | 1,749,479 | ||||||
Hang Seng Bank Ltd.(d) | 325,248 | 5,541,337 | ||||||
Henderson Land Development Co. Ltd. | 646,774 | 2,447,963 | ||||||
HK Electric Investments & HK Electric Investments Ltd.(b) | 1,138,616 | 1,093,151 | ||||||
HKT Trust & HKT Ltd.(b) | 1,666,417 | 2,266,406 | ||||||
Hong Kong & China Gas Co. Ltd. | 4,318,893 | 7,071,881 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 509,543 | 15,265,552 | ||||||
Hongkong Land Holdings Ltd. | 509,893 | 1,907,691 | ||||||
Jardine Matheson Holdings Ltd. | 92,186 | 4,639,896 | ||||||
Jardine Strategic Holdings Ltd. | 96,886 | 2,165,271 | ||||||
Kerry Properties Ltd. | 258,420 | 675,767 | ||||||
Link REIT | 891,643 | 7,515,188 | ||||||
Melco Resorts & Entertainment Ltd. - ADR | 95,150 | 1,179,860 | ||||||
MTR Corp. Ltd. | 649,033 | 3,338,391 | ||||||
New World Development Co. Ltd. | 2,547,296 | 2,716,119 | ||||||
NWS Holdings Ltd. | 739,895 | 754,017 | ||||||
PCCW Ltd. | 1,757,959 | 964,005 | ||||||
Power Assets Holdings Ltd. | 590,118 | 3,500,720 | ||||||
Sino Land Co. Ltd. | 1,249,975 | 1,573,167 | ||||||
Sun Hung Kai Properties Ltd. | 677,588 | 8,858,808 | ||||||
Swire Pacific Ltd., Class A | 197,200 | 1,255,318 | ||||||
Swire Properties Ltd. | 539,136 | 1,506,208 | ||||||
Techtronic Industries Co. Ltd. | 592,131 | 3,759,975 | ||||||
Vitasoy International Holdings Ltd.(d) | 336,000 | 1,011,153 | ||||||
WH Group Ltd.(e) | 4,076,107 | 3,762,280 | ||||||
Wharf Real Estate Investment Co. Ltd.(d) | 531,939 | 2,169,744 |
3
Schedule of Investments (unaudited) (continued) March 31, 2020 | iShares MSCI EAFE International Index Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Hong Kong (continued) | ||||||||
Wheelock & Co. Ltd. | 362,306 | $ | 2,454,962 | |||||
Yue Yuen Industrial Holdings Ltd. | 256,983 | 392,696 | ||||||
|
| |||||||
154,217,803 | ||||||||
Ireland — 0.6% | ||||||||
AerCap Holdings NV(a) | 58,839 | 1,340,941 | ||||||
AIB Group PLC(a) | 320,238 | 355,088 | ||||||
Bank of Ireland Group PLC | 466,335 | 869,280 | ||||||
CRH PLC | 336,081 | 9,088,621 | ||||||
Flutter Entertainment PLC | 32,444 | 2,918,436 | ||||||
Kerry Group PLC, Class A | 67,552 | 7,837,722 | ||||||
Kingspan Group PLC(a) | 64,975 | 3,503,744 | ||||||
Smurfit Kappa Group PLC | 100,635 | 2,850,810 | ||||||
|
| |||||||
28,764,642 | ||||||||
Israel — 0.5% | ||||||||
Azrieli Group Ltd. | 18,223 | 1,041,908 | ||||||
Bank Hapoalim BM | 469,097 | 2,810,767 | ||||||
Bank LeumiLe-Israel BM | 617,998 | 3,407,617 | ||||||
Check Point Software Technologies Ltd.(a) | 51,099 | 5,137,493 | ||||||
Elbit Systems Ltd. | 11,396 | 1,476,781 | ||||||
Isracard Ltd. | 1 | 2 | ||||||
Israel Chemicals Ltd. | 320,971 | 1,022,251 | ||||||
Israel Discount Bank Ltd., Series A | 484,537 | 1,412,845 | ||||||
Mizrahi Tefahot Bank Ltd. | 65,923 | 1,213,359 | ||||||
Nice Ltd. | 26,299 | 3,802,718 | ||||||
Teva Pharmaceutical Industries Ltd. - ADR(a) | 464,414 | 4,170,438 | ||||||
Wix.com Ltd.(a) | 21,383 | 2,155,834 | ||||||
|
| |||||||
27,652,013 | ||||||||
Italy — 1.9% | ||||||||
Assicurazioni Generali SpA | 467,031 | 6,325,835 | ||||||
Atlantia SpA(a) | 207,176 | 2,573,635 | ||||||
Davide Campari-Milano SpA | 240,873 | 1,727,386 | ||||||
Enel SpA | 3,458,725 | 23,857,734 | ||||||
Eni SpA | 1,081,813 | 10,750,478 | ||||||
Ferrari NV | 51,284 | 7,899,524 | ||||||
FinecoBank Banca Fineco SpA | 266,493 | 2,397,658 | ||||||
Intesa Sanpaolo SpA | 6,329,148 | 10,240,937 | ||||||
Leonardo SpA | 173,953 | 1,150,031 | ||||||
Mediobanca Banca di Credito Finanziario SpA | 244,999 | 1,336,024 | ||||||
Moncler SpA | 80,106 | 2,910,946 | ||||||
Pirelli & C SpA(e) | 151,814 | 535,629 | ||||||
Poste Italiane SpA(e) | 221,344 | 1,863,015 | ||||||
Prysmian SpA | 104,492 | 1,659,005 | ||||||
Recordati SpA | 44,850 | 1,889,648 | ||||||
Snam SpA | 873,388 | 3,991,641 | ||||||
Telecom Italia SpA | 3,836,256 | 1,552,817 | ||||||
Telecom Italia SpA | 2,637,411 | 1,030,436 | ||||||
Terna Rete Elettrica Nazionale SpA | 598,328 | 3,761,008 |
Security | Shares | Value | ||||||
Italy (continued) | ||||||||
UniCredit SpA | 854,051 | $ | 6,607,435 | |||||
|
| |||||||
94,060,822 | ||||||||
Japan — 25.0% | ||||||||
ABC-Mart, Inc. | 12,735 | 637,365 | ||||||
Acom Co. Ltd. | 145,654 | 591,493 | ||||||
Advantest Corp. | 83,300 | 3,317,836 | ||||||
Aeon Co. Ltd. | 278,046 | 6,159,843 | ||||||
AEON Financial Service Co. Ltd. | 47,958 | 512,387 | ||||||
Aeon Mall Co. Ltd. | 37,355 | 471,470 | ||||||
AGC, Inc. | 78,648 | 1,916,455 | ||||||
Air Water, Inc. | 76,516 | 1,047,874 | ||||||
Aisin Seiki Co. Ltd. | 73,346 | 1,796,330 | ||||||
Ajinomoto Co., Inc. | 183,554 | 3,420,430 | ||||||
Alfresa Holdings Corp. | 75,951 | 1,413,565 | ||||||
Alps Alpine Co. Ltd. | 93,428 | 900,238 | ||||||
Amada Holdings Co. Ltd. | 146,349 | 1,147,071 | ||||||
ANA Holdings, Inc. | 50,711 | 1,235,512 | ||||||
Aozora Bank Ltd. | 54,758 | 1,045,012 | ||||||
Asahi Group Holdings Ltd. | 152,702 | 4,954,137 | ||||||
Asahi Intecc Co. Ltd. | 87,000 | 2,151,688 | ||||||
Asahi Kasei Corp. | 531,768 | 3,726,003 | ||||||
Astellas Pharma, Inc. | 803,243 | 12,375,853 | ||||||
Bandai Namco Holdings, Inc. | 86,304 | 4,186,022 | ||||||
Bank of Kyoto Ltd. | 21,241 | 673,170 | ||||||
Benesse Holdings, Inc. | 27,494 | 699,671 | ||||||
Bridgestone Corp. | 242,041 | 7,409,021 | ||||||
Brother Industries Ltd. | 100,063 | 1,515,601 | ||||||
Calbee, Inc. | 33,823 | 912,777 | ||||||
Canon, Inc. | 425,348 | 9,243,206 | ||||||
Casio Computer Co. Ltd. | 76,981 | 1,077,060 | ||||||
Central Japan Railway Co. | 61,340 | 9,831,034 | ||||||
Chiba Bank Ltd. (The) | 241,870 | 1,052,898 | ||||||
Chubu Electric Power Co., Inc. | 274,011 | 3,867,166 | ||||||
Chugai Pharmaceutical Co. Ltd. | 95,210 | 11,015,394 | ||||||
Chugoku Electric Power Co., Inc. | 117,921 | 1,645,260 | ||||||
Coca-Cola Bottlers Japan Holdings, Inc. | 54,311 | 1,114,650 | ||||||
Concordia Financial Group Ltd. | 490,370 | 1,427,285 | ||||||
Credit Saison Co. Ltd. | 61,040 | 708,171 | ||||||
CyberAgent, Inc.(d) | 40,329 | 1,562,985 | ||||||
Dai Nippon Printing Co. Ltd. | 101,468 | 2,156,306 | ||||||
Dai-ichi Life Holdings, Inc. | 454,600 | 5,398,434 | ||||||
Daicel Corp. | 105,556 | 767,927 | ||||||
Daifuku Co. Ltd. | 43,776 | 2,743,367 | ||||||
Daiichi Sankyo Co. Ltd. | 241,254 | 16,568,507 | ||||||
Daikin Industries Ltd. | 105,968 | 12,791,821 | ||||||
Daito Trust Construction Co. Ltd. | 31,170 | 2,894,554 | ||||||
Daiwa House Industry Co. Ltd. | 239,876 | 5,926,690 | ||||||
Daiwa House REIT Investment Corp. | 772 | 1,892,114 | ||||||
Daiwa Securities Group, Inc. | 673,552 | 2,602,805 | ||||||
Denso Corp. | 183,590 | 5,866,516 | ||||||
Dentsu Group Inc. | 93,382 | 1,804,323 | ||||||
Disco Corp. | 11,659 | 2,268,290 | ||||||
East Japan Railway Co. | 128,544 | 9,726,967 |
4
Schedule of Investments (unaudited) (continued) March 31, 2020 | iShares MSCI EAFE International Index Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Japan (continued) | ||||||||
Eisai Co. Ltd. | 105,915 | $ | 7,747,405 | |||||
Electric Power Development Co. Ltd. | 58,987 | 1,182,202 | ||||||
FamilyMart Co. Ltd. | 107,668 | 1,933,277 | ||||||
FANUC Corp. | 82,451 | 11,017,580 | ||||||
Fast Retailing Co. Ltd. | 24,841 | 10,136,169 | ||||||
Fuji Electric Co. Ltd. | 58,594 | 1,313,813 | ||||||
FUJIFILM Holdings Corp. | 152,208 | 7,500,740 | ||||||
Fujitsu Ltd. | 83,304 | 7,503,083 | ||||||
Fukuoka Financial Group, Inc. | 68,293 | 900,885 | ||||||
GMO Payment Gateway, Inc.(d) | 18,100 | 1,268,545 | ||||||
Hakuhodo DY Holdings, Inc. | 108,292 | 1,092,661 | ||||||
Hamamatsu Photonics KK | 61,987 | 2,518,817 | ||||||
Hankyu Hanshin Holdings, Inc. | 94,963 | 3,190,305 | ||||||
Hikari Tsushin, Inc. | 8,206 | 1,373,133 | ||||||
Hino Motors Ltd. | 137,321 | 732,356 | ||||||
Hirose Electric Co. Ltd. | 12,892 | 1,329,073 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 21,341 | 990,311 | ||||||
Hitachi Chemical Co. Ltd.(a) | 44,205 | 1,881,072 | ||||||
Hitachi Construction Machinery Co. Ltd. | 48,505 | 972,816 | ||||||
Hitachi High-Tech Corp.(a) | 30,317 | 2,239,577 | ||||||
Hitachi Ltd. | 411,313 | 11,815,538 | ||||||
Hitachi Metals Ltd. | 89,686 | 941,403 | ||||||
Honda Motor Co. Ltd. | 693,235 | 15,512,124 | ||||||
Hoshizaki Corp. | 22,665 | 1,695,380 | ||||||
Hoya Corp. | 160,878 | 13,679,702 | ||||||
Hulic Co. Ltd. | 124,767 | 1,262,651 | ||||||
Idemitsu Kosan Co. Ltd. | 82,500 | 1,882,952 | ||||||
IHI Corp. | 60,840 | 708,522 | ||||||
Iida Group Holdings Co. Ltd. | 60,922 | 842,012 | ||||||
Inpex Corp. | 452,300 | 2,537,430 | ||||||
Isetan Mitsukoshi Holdings Ltd. | 139,308 | 808,237 | ||||||
Isuzu Motors Ltd. | 231,982 | 1,535,228 | ||||||
ITOCHU Corp. | 572,873 | 11,855,383 | ||||||
Itochu Techno-Solutions Corp. | 43,100 | 1,227,503 | ||||||
J. Front Retailing Co. Ltd. | 96,468 | 796,185 | ||||||
Japan Airlines Co. Ltd. | 51,362 | 943,902 | ||||||
Japan Airport Terminal Co. Ltd. | 22,512 | 865,177 | ||||||
Japan Exchange Group, Inc. | 216,636 | 3,801,728 | ||||||
Japan Post Bank Co. Ltd. | 180,600 | 1,667,861 | ||||||
Japan Post Holdings Co. Ltd. | 664,329 | 5,196,789 | ||||||
Japan Post Insurance Co. Ltd. | 96,900 | 1,197,204 | ||||||
Japan Prime Realty Investment Corp. | 302 | 912,427 | ||||||
Japan Real Estate Investment Corp. | 548 | 3,221,300 | ||||||
Japan Retail Fund Investment Corp. | 1,078 | 1,225,439 | ||||||
Japan Tobacco, Inc. | 510,341 | 9,439,618 | ||||||
JFE Holdings, Inc.(a) | 211,212 | 1,368,668 | ||||||
JGC Holdings Corp. | 98,357 | 785,087 | ||||||
JSR Corp. | 76,228 | 1,393,254 | ||||||
JTEKT Corp. | 78,433 | 529,735 | ||||||
JXTG Holdings, Inc. | 1,335,463 | 4,550,438 | ||||||
Kajima Corp. | 199,077 | 2,034,869 | ||||||
Kakaku.com, Inc. | 62,616 | 1,145,211 | ||||||
Kamigumi Co. Ltd. | 45,111 | 761,453 | ||||||
Kansai Electric Power Co., Inc. | 308,551 | 3,434,452 |
Security | Shares | Value | ||||||
Japan (continued) | ||||||||
Kansai Paint Co. Ltd. | 77,075 | $ | 1,461,954 | |||||
Kao Corp. | 205,007 | 16,701,559 | ||||||
Kawasaki Heavy Industries Ltd. | 62,216 | 895,155 | ||||||
KDDI Corp. | 751,175 | 22,188,646 | ||||||
Keihan Holdings Co. Ltd. | 39,829 | 1,766,700 | ||||||
Keikyu Corp. | 87,639 | 1,474,472 | ||||||
Keio Corp. | 44,729 | 2,640,504 | ||||||
Keisei Electric Railway Co. Ltd. | 53,287 | 1,539,891 | ||||||
Keyence Corp. | 77,580 | 24,942,932 | ||||||
Kikkoman Corp. | 64,064 | 2,716,281 | ||||||
Kintetsu Group Holdings Co. Ltd. | 71,298 | 3,299,826 | ||||||
Kirin Holdings Co. Ltd. | 347,755 | 6,868,245 | ||||||
Kobayashi Pharmaceutical Co. Ltd. | 21,065 | 1,948,953 | ||||||
Koito Manufacturing Co. Ltd. | 41,947 | 1,410,223 | ||||||
Komatsu Ltd. | 392,354 | 6,349,628 | ||||||
Konami Holdings Corp. | 35,899 | 1,101,116 | ||||||
Konica Minolta, Inc. | 214,077 | 862,487 | ||||||
Kose Corp. | 13,159 | 1,628,315 | ||||||
Kubota Corp. | 439,689 | 5,592,421 | ||||||
Kuraray Co. Ltd. | 144,614 | 1,455,022 | ||||||
Kurita Water Industries Ltd. | 42,929 | 984,893 | ||||||
Kyocera Corp. | 136,200 | 8,037,264 | ||||||
Kyowa Kirin Co. Ltd. | 98,597 | 2,203,594 | ||||||
Kyushu Electric Power Co., Inc. | 166,031 | 1,331,611 | ||||||
Kyushu Railway Co. | 69,746 | 2,003,485 | ||||||
Lawson, Inc. | 18,988 | 1,042,247 | ||||||
LINE Corp.(a) | 26,470 | 1,277,979 | ||||||
Lion Corp. | 95,039 | 2,026,828 | ||||||
LIXIL Group Corp. | 124,227 | 1,530,623 | ||||||
M3, Inc. | 185,813 | 5,480,952 | ||||||
Makita Corp. | 98,039 | 2,990,556 | ||||||
Marubeni Corp. | 663,864 | 3,294,797 | ||||||
Marui Group Co. Ltd. | 75,651 | 1,265,546 | ||||||
Maruichi Steel Tube Ltd. | 19,300 | 462,237 | ||||||
Mazda Motor Corp. | 234,798 | 1,239,934 | ||||||
McDonald’s Holdings Co. Japan Ltd. | 30,194 | 1,361,804 | ||||||
Mebuki Financial Group, Inc. | 357,486 | 725,096 | ||||||
Medipal Holdings Corp. | 73,198 | 1,367,772 | ||||||
MEIJI Holdings Co. Ltd. | 47,834 | 3,389,811 | ||||||
Mercari, Inc.(a) | 28,900 | 561,268 | ||||||
MINEBEA MITSUMI, Inc. | 157,908 | 2,332,371 | ||||||
MISUMI Group, Inc. | 123,856 | 2,679,121 | ||||||
Mitsubishi Chemical Holdings Corp. | 535,909 | 3,182,244 | ||||||
Mitsubishi Corp. | 574,797 | 12,158,241 | ||||||
Mitsubishi Electric Corp. | 776,121 | 9,481,256 | ||||||
Mitsubishi Estate Co. Ltd. | 498,682 | 7,365,106 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 72,093 | 777,943 | ||||||
Mitsubishi Heavy Industries Ltd. | 136,005 | 3,427,587 | ||||||
Mitsubishi Materials Corp. | 45,676 | 933,759 | ||||||
Mitsubishi Motors Corp. | 275,916 | 777,407 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 5,231,070 | 19,572,325 | ||||||
Mitsubishi UFJ Lease & Finance Co. Ltd. | 158,773 | 777,161 | ||||||
Mitsui & Co. Ltd. | 704,000 | 9,774,124 |
5
Schedule of Investments (unaudited) (continued) March 31, 2020 | iShares MSCI EAFE International Index Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Japan (continued) | ||||||||
Mitsui Chemicals, Inc. | 74,051 | $ | 1,393,798 | |||||
Mitsui Fudosan Co. Ltd. | 374,820 | 6,489,902 | ||||||
Mitsui OSK Lines Ltd. | 48,434 | 776,305 | ||||||
Mizuho Financial Group, Inc. | 10,258,312 | 11,769,149 | ||||||
MonotaRO Co Ltd. | 54,000 | 1,426,757 | ||||||
MS&AD Insurance Group Holdings, Inc. | 200,924 | 5,606,005 | ||||||
Murata Manufacturing Co. Ltd. | 244,325 | 12,146,548 | ||||||
Nabtesco Corp. | 49,492 | 1,132,116 | ||||||
Nagoya Railroad Co. Ltd. | 78,951 | 2,219,760 | ||||||
NEC Corp. | 105,274 | 3,833,364 | ||||||
Nexon Co. Ltd. | 205,548 | 3,358,827 | ||||||
NGK Insulators Ltd. | 105,468 | 1,372,646 | ||||||
NGK Spark Plug Co. Ltd. | 70,464 | 987,719 | ||||||
NH Foods Ltd. | 38,976 | 1,356,387 | ||||||
Nidec Corp. | 190,220 | 9,802,892 | ||||||
Nikon Corp. | 145,262 | 1,333,252 | ||||||
Nintendo Co. Ltd. | 47,582 | 18,492,909 | ||||||
Nippon Building Fund, Inc. | 577 | 3,881,449 | ||||||
Nippon Express Co. Ltd. | 34,170 | 1,666,773 | ||||||
Nippon Paint Holdings Co. Ltd. | 61,216 | 3,186,428 | ||||||
Nippon Prologis REIT, Inc. | 875 | 2,201,579 | ||||||
Nippon Shinyaku Co. Ltd. | 18,500 | 1,448,671 | ||||||
Nippon Steel Corp.(a) | 335,256 | 2,857,826 | ||||||
Nippon Telegraph & Telephone Corp. | 547,432 | 13,092,721 | ||||||
Nippon Yusen KK | 63,622 | 751,483 | ||||||
Nissan Chemical Corp. | 52,411 | 1,898,185 | ||||||
Nissan Motor Co. Ltd.(a)(d) | 987,215 | 3,302,934 | ||||||
Nisshin Seifun Group, Inc. | 75,973 | 1,267,402 | ||||||
Nissin Foods Holdings Co. Ltd. | 27,541 | 2,285,540 | ||||||
Nitori Holdings Co. Ltd. | 33,123 | 4,476,268 | ||||||
Nitto Denko Corp. | 65,326 | 2,901,715 | ||||||
Nomura Holdings, Inc. | 1,407,618 | 5,940,290 | ||||||
Nomura Real Estate Holdings, Inc. | 53,858 | 871,463 | ||||||
Nomura Real Estate Master Fund, Inc. | 1,764 | 2,243,668 | ||||||
Nomura Research Institute Ltd. | 147,663 | 3,119,046 | ||||||
NSK Ltd. | 159,185 | 1,013,243 | ||||||
NTT Data Corp. | 272,317 | 2,606,770 | ||||||
NTT DOCOMO, Inc. | 567,315 | 17,741,686 | ||||||
Obayashi Corp. | 274,034 | 2,325,323 | ||||||
Obic Co. Ltd. | 27,494 | 3,582,184 | ||||||
Odakyu Electric Railway Co. Ltd. | 128,885 | 2,830,475 | ||||||
Oji Holdings Corp. | 364,126 | 1,935,756 | ||||||
Olympus Corp. | 492,412 | 7,098,261 | ||||||
Omron Corp. | 78,928 | 4,080,786 | ||||||
Ono Pharmaceutical Co. Ltd. | 162,831 | 3,741,925 | ||||||
Oracle Corp. Japan | 16,935 | 1,477,119 | ||||||
Oriental Land Co. Ltd. | 85,104 | 10,864,118 | ||||||
ORIX Corp. | 558,900 | 6,668,047 | ||||||
OrixJ-REIT, Inc. | 1,196 | 1,573,053 | ||||||
Osaka Gas Co. Ltd. | 165,908 | 3,115,359 | ||||||
Otsuka Corp. | 44,582 | 1,900,553 | ||||||
Otsuka Holdings Co. Ltd. | 165,355 | 6,451,884 | ||||||
Pan Pacific International Holdings Corp. | 186,936 | 3,540,066 | ||||||
Panasonic Corp. | 927,257 | 7,019,710 |
Security | Shares | Value | ||||||
Japan (continued) | ||||||||
Park24 Co. Ltd. | 44,976 | $ | 663,020 | |||||
PeptiDream, Inc.(a) | 39,200 | 1,364,515 | ||||||
Persol Holdings Co. Ltd. | 79,975 | 800,238 | ||||||
Pigeon Corp. | 49,500 | 1,895,119 | ||||||
Pola Orbis Holdings, Inc. | 36,523 | 671,454 | ||||||
Rakuten, Inc. | 363,400 | 2,739,691 | ||||||
Recruit Holdings Co. Ltd. | 576,994 | 14,904,488 | ||||||
Renesas Electronics Corp.(a) | 360,008 | 1,280,573 | ||||||
Resona Holdings, Inc. | 927,699 | 2,781,526 | ||||||
Ricoh Co. Ltd. | 290,181 | 2,118,692 | ||||||
Rinnai Corp. | 13,635 | 961,138 | ||||||
Rohm Co. Ltd. | 40,700 | 2,209,285 | ||||||
Ryohin Keikaku Co. Ltd. | 110,760 | 1,231,717 | ||||||
Sankyo Co. Ltd. | 18,665 | 541,296 | ||||||
Santen Pharmaceutical Co. Ltd. | 157,049 | 2,695,236 | ||||||
SBI Holdings, Inc. | 94,497 | 1,376,852 | ||||||
Secom Co. Ltd. | 89,257 | 7,382,285 | ||||||
Sega Sammy Holdings, Inc. | 70,632 | 856,926 | ||||||
Seibu Holdings, Inc. | 89,651 | 988,245 | ||||||
Seiko Epson Corp. | 113,003 | 1,216,245 | ||||||
Sekisui Chemical Co. Ltd. | 144,878 | 1,908,635 | ||||||
Sekisui House Ltd. | 270,799 | 4,466,026 | ||||||
Seven & i Holdings Co. Ltd. | 320,459 | 10,583,120 | ||||||
Seven Bank Ltd. | 216,240 | 558,077 | ||||||
SG Holdings Co. Ltd. | 64,152 | 1,528,001 | ||||||
Sharp Corp. | 97,669 | 1,013,855 | ||||||
Shimadzu Corp. | 93,763 | 2,447,048 | ||||||
Shimamura Co. Ltd. | 10,430 | 630,325 | ||||||
Shimano, Inc. | 32,170 | 4,587,871 | ||||||
Shimizu Corp. | 237,406 | 1,847,456 | ||||||
Shin-Etsu Chemical Co. Ltd. | 150,626 | 14,804,608 | ||||||
Shinsei Bank Ltd. | 83,511 | 1,106,085 | ||||||
Shionogi & Co. Ltd. | 113,621 | 5,596,911 | ||||||
Shiseido Co. Ltd. | 170,078 | 9,995,900 | ||||||
Shizuoka Bank Ltd. | 191,701 | 1,163,951 | ||||||
Showa Denko KK | 59,487 | 1,220,442 | ||||||
SMC Corp. | 24,341 | 10,204,808 | ||||||
Softbank Corp. | 712,500 | 9,076,308 | ||||||
SoftBank Group Corp. | 666,500 | 23,595,685 | ||||||
Sohgo Security Services Co. Ltd. | 28,947 | 1,405,064 | ||||||
Sompo Holdings, Inc. | 144,942 | 4,467,679 | ||||||
Sony Corp. | 541,068 | 32,049,372 | ||||||
Sony Financial Holdings, Inc. | 68,093 | 1,143,397 | ||||||
Square Enix Holdings Co. Ltd. | 38,500 | 1,720,013 | ||||||
Stanley Electric Co. Ltd. | 57,934 | 1,137,168 | ||||||
Subaru Corp. | 259,746 | 4,965,065 | ||||||
Sumco Corp. | 116,915 | 1,485,620 | ||||||
Sumitomo Chemical Co. Ltd. | 648,360 | 1,915,550 | ||||||
Sumitomo Corp. | 504,740 | 5,756,175 | ||||||
Sumitomo Dainippon Pharma Co. Ltd. | 65,993 | 856,681 | ||||||
Sumitomo Electric Industries Ltd. | 315,880 | 3,300,307 | ||||||
Sumitomo Heavy Industries Ltd. | 45,082 | 806,584 | ||||||
Sumitomo Metal Mining Co. Ltd. | 101,015 | 2,065,202 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 554,727 | 13,476,196 |
6
Schedule of Investments (unaudited) (continued) March 31, 2020 | iShares MSCI EAFE International Index Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Japan (continued) | ||||||||
Sumitomo Mitsui Trust Holdings, Inc. | 136,226 | $ | 3,913,796 | |||||
Sumitomo Realty & Development Co. Ltd. | 140,949 | 3,441,669 | ||||||
Sumitomo Rubber Industries Ltd. | 61,304 | 575,816 | ||||||
Sundrug Co. Ltd. | 31,623 | 1,013,334 | ||||||
Suntory Beverage & Food Ltd. | 61,140 | 2,310,413 | ||||||
Suzuken Co. Ltd. | 30,770 | 1,117,933 | ||||||
Suzuki Motor Corp. | 152,319 | 3,626,901 | ||||||
Sysmex Corp. | 69,522 | 5,031,647 | ||||||
T&D Holdings, Inc. | 238,506 | 1,933,480 | ||||||
Taiheiyo Cement Corp. | 53,387 | 909,356 | ||||||
Taisei Corp. | 89,310 | 2,723,781 | ||||||
Taisho Pharmaceutical Holdings Co. Ltd. | 15,500 | 951,378 | ||||||
Taiyo Nippon Sanso Corp. | 53,793 | 795,979 | ||||||
Takeda Pharmaceutical Co. Ltd. | 636,808 | 19,389,587 | ||||||
TDK Corp. | 56,358 | 4,333,319 | ||||||
Teijin Ltd. | 67,751 | 1,146,007 | ||||||
Terumo Corp. | 274,506 | 9,404,950 | ||||||
THK Co. Ltd. | 55,158 | 1,111,359 | ||||||
Tobu Railway Co. Ltd. | 80,098 | 2,794,377 | ||||||
Toho Co. Ltd. | 45,782 | 1,399,864 | ||||||
Toho Gas Co. Ltd. | 30,923 | 1,394,033 | ||||||
Tohoku Electric Power Co., Inc. | 181,390 | 1,743,681 | ||||||
Tokio Marine Holdings, Inc. | 271,687 | 12,430,910 | ||||||
Tokyo Century Corp. | 16,612 | 519,805 | ||||||
Tokyo Electric Power Co. Holdings, Inc.(a) | 662,812 | 2,305,750 | ||||||
Tokyo Electron Ltd. | 66,793 | 12,448,440 | ||||||
Tokyo Gas Co. Ltd. | 159,955 | 3,769,058 | ||||||
Tokyu Corp. | 208,565 | 3,277,478 | ||||||
Tokyu Fudosan Holdings Corp. | 282,373 | 1,356,264 | ||||||
Toppan Printing Co. Ltd. | 124,600 | 1,902,395 | ||||||
Toray Industries, Inc. | 613,614 | 2,656,047 | ||||||
Toshiba Corp. | 164,470 | 3,604,908 | ||||||
Tosoh Corp. | 118,674 | 1,341,146 | ||||||
TOTO Ltd. | 61,387 | 2,025,043 | ||||||
Toyo Seikan Group Holdings Ltd. | 64,393 | 734,546 | ||||||
Toyo Suisan Kaisha Ltd. | 36,523 | 1,765,248 | ||||||
Toyoda Gosei Co. Ltd. | 25,617 | 435,971 | ||||||
Toyota Industries Corp. | 60,300 | 2,875,089 | ||||||
Toyota Motor Corp. | 971,309 | 58,535,830 | ||||||
Toyota Tsusho Corp. | 92,481 | 2,160,297 | ||||||
Trend Micro, Inc. | 55,534 | 2,742,392 | ||||||
Tsuruha Holdings, Inc. | 16,335 | 2,153,730 | ||||||
Unicharm Corp. | 171,602 | 6,423,722 | ||||||
United Urban Investment Corp. | 1,216 | 1,216,561 | ||||||
USS Co. Ltd. | 98,563 | 1,351,542 | ||||||
Welcia Holdings Co. Ltd. | 20,500 | 1,439,433 | ||||||
West Japan Railway Co. | 70,640 | 4,831,420 | ||||||
Yakult Honsha Co. Ltd. | 50,582 | 2,979,786 | ||||||
Yamada Denki Co. Ltd. | 284,492 | 1,133,139 | ||||||
Yamaha Corp. | 63,264 | 2,451,823 | ||||||
Yamaha Motor Co. Ltd. | 115,927 | 1,394,015 |
Security | Shares | Value | ||||||
Japan (continued) | ||||||||
Yamato Holdings Co. Ltd. | 135,962 | $ | 2,123,873 | |||||
Yamazaki Baking Co. Ltd. | 49,958 | 1,041,260 | ||||||
Yaskawa Electric Corp. | 96,245 | 2,616,963 | ||||||
Yokogawa Electric Corp. | 103,863 | 1,242,488 | ||||||
Yokohama Rubber Co. Ltd. | 50,129 | 621,454 | ||||||
Z Holdings Corp. | 1,123,127 | 3,580,704 | ||||||
ZOZO, Inc. | 41,951 | 563,040 | ||||||
|
| |||||||
1,268,366,559 | ||||||||
Luxembourg — 0.1% | ||||||||
ArcelorMittal SA | 290,589 | 2,743,288 | ||||||
Eurofins Scientific SE | 5,112 | 2,494,654 | ||||||
SES SA | 165,060 | 968,313 | ||||||
Tenaris SA | 190,344 | 1,148,311 | ||||||
|
| |||||||
7,354,566 | ||||||||
Macau — 0.2% | ||||||||
Galaxy Entertainment Group Ltd. | 918,058 | 4,835,246 | ||||||
Sands China Ltd. | 1,046,060 | 3,805,661 | ||||||
SJM Holdings Ltd. | 907,053 | 756,875 | ||||||
Wynn Macau Ltd. | 622,075 | 932,932 | ||||||
|
| |||||||
10,330,714 | ||||||||
Netherlands — 4.2% | ||||||||
ABN AMRO Group NV CVA(e) | 176,665 | 1,433,594 | ||||||
Adyen NV(a)(e) | 4,450 | 3,782,030 | ||||||
Aegon NV | 725,411 | 1,811,643 | ||||||
Akzo Nobel NV | 85,274 | 5,608,354 | ||||||
Altice Europe NV, Class A(a) | 228,350 | 881,310 | ||||||
ASML Holding NV | 181,013 | 47,717,660 | ||||||
EXOR NV | 45,905 | 2,365,904 | ||||||
Heineken Holding NV | 48,994 | 3,818,027 | ||||||
Heineken NV | 110,226 | 9,354,201 | ||||||
ING Groep NV | 1,657,032 | 8,490,786 | ||||||
Just Eat Takeaway(a)(e) | 49,479 | 3,741,741 | ||||||
Koninklijke Ahold Delhaize NV | 468,086 | 10,904,786 | ||||||
Koninklijke DSM NV | 77,151 | 8,678,619 | ||||||
Koninklijke KPN NV | 1,519,180 | 3,632,979 | ||||||
Koninklijke Philips NV | 384,971 | 15,805,892 | ||||||
Koninklijke Vopak NV | 29,659 | 1,557,397 | ||||||
NN Group NV | 131,448 | 3,572,197 | ||||||
NXP Semiconductors NV | 118,870 | 9,857,889 | ||||||
Randstad NV(a) | 47,869 | 1,689,388 | ||||||
Royal Dutch Shell PLC, Class A | 1,777,726 | 30,885,635 | ||||||
Royal Dutch Shell PLC, Class B | 1,587,892 | 26,635,397 | ||||||
Wolters Kluwer NV | 116,101 | 8,218,103 | ||||||
|
| |||||||
210,443,532 | ||||||||
New Zealand — 0.3% | ||||||||
a2 Milk Co. Ltd.(a) | 325,212 | 3,322,242 | ||||||
Auckland International Airport Ltd.(a) | 394,517 | 1,175,547 | ||||||
Fisher & Paykel Healthcare Corp. Ltd. | 244,260 | 4,440,273 | ||||||
Fletcher Building Ltd.(a) | 322,252 | 670,699 | ||||||
Mercury NZ Ltd. | 277,320 | 694,352 | ||||||
Meridian Energy Ltd. | 552,152 | 1,317,767 |
7
Schedule of Investments (unaudited) (continued) March 31, 2020 | iShares MSCI EAFE International Index Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
New Zealand (continued) | ||||||||
Ryman Healthcare Ltd. | 176,930 | $ | 1,073,240 | |||||
Spark New Zealand Ltd. | 791,798 | 1,927,053 | ||||||
|
| |||||||
14,621,173 | ||||||||
Norway — 0.5% | ||||||||
Aker BP ASA | 48,263 | 605,390 | ||||||
DNB ASA | 413,063 | 4,601,907 | ||||||
Equinor ASA | 414,816 | 5,171,150 | ||||||
Gjensidige Forsikring ASA | 88,963 | 1,514,969 | ||||||
Mowi ASA | 184,796 | 2,794,012 | ||||||
Norsk Hydro ASA | 605,645 | 1,305,868 | ||||||
Orkla ASA | 316,395 | 2,710,781 | ||||||
Schibsted ASA, Class B | 44,740 | 809,339 | ||||||
Telenor ASA | 298,667 | 4,365,230 | ||||||
Yara International ASA | 77,935 | 2,464,232 | ||||||
|
| |||||||
26,342,878 | ||||||||
Portugal — 0.2% | ||||||||
Banco Espirito Santo SA, Registered Shares(c) | 47,542 | 1 | ||||||
EDP - Energias de Portugal SA | 1,117,106 | 4,494,541 | ||||||
Galp Energia SGPS SA | 217,186 | 2,483,776 | ||||||
Jeronimo Martins SGPS SA | 105,566 | 1,905,373 | ||||||
|
| |||||||
8,883,691 | ||||||||
Russia — 0.0% | ||||||||
Evraz PLC | 188,061 | 538,066 | ||||||
|
| |||||||
Singapore — 1.1% | ||||||||
Ascendas Real Estate Investment Trust | 1,285,265 | 2,544,840 | ||||||
CapitaLand Commercial Trust | 1,099,360 | 1,179,678 | ||||||
CapitaLand Ltd. | 1,070,730 | 2,145,667 | ||||||
CapitaLand Mall Trust | 1,081,300 | 1,355,806 | ||||||
City Developments Ltd. | 203,878 | 1,033,798 | ||||||
ComfortDelGro Corp. Ltd. | 1,033,739 | 1,100,759 | ||||||
DBS Group Holdings Ltd. | 763,309 | 9,959,770 | ||||||
Genting Singapore Ltd. | 2,842,825 | 1,378,087 | ||||||
Jardine Cycle & Carriage Ltd. | 39,495 | 543,025 | ||||||
Keppel Corp. Ltd. | 634,142 | 2,358,577 | ||||||
Mapletree Commercial Trust | 896,800 | 1,150,215 | ||||||
Oversea-Chinese Banking Corp. Ltd. | 1,406,087 | 8,519,382 | ||||||
SATS Ltd. | 261,598 | 581,501 | ||||||
Sembcorp Industries Ltd. | 342,486 | 375,970 | ||||||
Singapore Airlines Ltd.(d) | 234,560 | 952,108 | ||||||
Singapore Exchange Ltd. | 363,726 | 2,342,558 | ||||||
Singapore Press Holdings Ltd. | 596,785 | 771,649 | ||||||
Singapore Technologies Engineering Ltd. | 663,579 | 1,451,795 | ||||||
Singapore Telecommunications Ltd. | 3,472,046 | 6,189,695 | ||||||
Suntec Real Estate Investment Trust | 795,400 | 695,601 | ||||||
United Overseas Bank Ltd. | 536,005 | 7,354,010 | ||||||
UOL Group Ltd. | 186,699 | 856,562 | ||||||
Venture Corp. Ltd. | 108,927 | 1,037,648 |
Security | Shares | Value | ||||||
Singapore (continued) | ||||||||
Wilmar International Ltd. | 829,083 | $ | 1,874,894 | |||||
|
| |||||||
57,753,595 | ||||||||
South Africa — 0.2% | ||||||||
Anglo American PLC | 432,335 | 7,576,072 | ||||||
|
| |||||||
Spain — 2.4% | ||||||||
ACS Actividades de Construccion y Servicios SA | 106,349 | 2,112,022 | ||||||
Aena SME SA(e) | 28,813 | 3,126,048 | ||||||
Amadeus IT Group SA(a) | 183,398 | 8,632,331 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 2,835,536 | 8,780,382 | ||||||
Banco de Sabadell SA | 2,643,413 | 1,336,816 | ||||||
Banco Santander SA | 7,066,895 | 16,810,867 | ||||||
Bankia SA | 506,540 | 552,368 | ||||||
Bankinter SA | 319,388 | 1,158,621 | ||||||
CaixaBank SA | 1,497,664 | 2,771,584 | ||||||
Cellnex Telecom SA(e) | 105,044 | 4,765,052 | ||||||
Enagas SA | 102,462 | 2,021,286 | ||||||
Endesa SA | 141,057 | 2,984,818 | ||||||
Ferrovial SA | 203,916 | 4,840,298 | ||||||
Grifols SA | 126,849 | 4,244,033 | ||||||
Iberdrola SA | 2,617,809 | 25,604,803 | ||||||
Industria de Diseno Textil SA | 463,877 | 12,020,727 | ||||||
Mapfre SA | 445,134 | 755,124 | ||||||
Naturgy Energy Group SA | 130,476 | 2,289,046 | ||||||
Red Electrica Corp. SA | 180,542 | 3,244,246 | ||||||
Repsol SA | 589,740 | 5,261,217 | ||||||
Siemens Gamesa Renewable Energy SA | 108,760 | 1,604,877 | ||||||
Telefonica SA | 1,987,170 | 9,043,788 | ||||||
|
| |||||||
123,960,354 | ||||||||
Sweden — 2.4% | ||||||||
Alfa Laval AB | 139,029 | 2,380,313 | ||||||
Assa Abloy AB, Class B | 426,230 | 7,957,159 | ||||||
Atlas Copco AB, A Shares | 285,564 | 9,496,216 | ||||||
Atlas Copco AB, B Shares | 160,672 | 4,673,840 | ||||||
Boliden AB | 110,983 | 1,991,019 | ||||||
Electrolux AB, Class B | 89,210 | 1,102,070 | ||||||
Epiroc AB, Class A | 266,178 | 2,630,230 | ||||||
Epiroc AB, Class B | 170,489 | 1,680,460 | ||||||
Essity AB, Class B | 257,910 | 7,900,702 | ||||||
Hennes & Mauritz AB, Class B | 351,249 | 4,494,860 | ||||||
Hexagon AB, Class B | 110,109 | 4,655,978 | ||||||
Husqvarna AB, Class B | 181,045 | 900,645 | ||||||
ICA Gruppen AB | 38,934 | 1,626,093 | ||||||
Industrivarden AB, Class C | 67,606 | 1,294,486 | ||||||
Investor AB, Class B | 193,696 | 8,738,335 | ||||||
Kinnevik AB, Class B | 100,324 | 1,636,225 | ||||||
L E Lundbergforetagen AB, B Shares | 34,164 | 1,384,928 | ||||||
Lundin Petroleum AB | 81,783 | 1,543,783 | ||||||
Sandvik AB | 480,088 | 6,753,247 | ||||||
Securitas AB, Class B | 144,142 | 1,548,438 |
8
Schedule of Investments (unaudited) (continued) March 31, 2020 | iShares MSCI EAFE International Index Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Sweden (continued) | ||||||||
Skandinaviska Enskilda Banken AB, Class A | 684,782 | $ | 4,586,024 | |||||
Skanska AB, Class B(a) | 149,055 | 2,243,153 | ||||||
SKF AB, Class B | 159,928 | 2,179,365 | ||||||
Svenska Handelsbanken AB, Class A(a) | 661,419 | 5,454,790 | ||||||
Swedbank AB, Class A | 381,647 | 4,209,273 | ||||||
Swedish Match AB | 73,350 | 4,153,051 | ||||||
Tele2 AB, Class B | 221,142 | 2,946,283 | ||||||
Telefonaktiebolaget LM Ericsson, Class B | 1,306,544 | 10,576,425 | ||||||
Telia Co. AB | 1,185,726 | 4,244,163 | ||||||
Volvo AB, Class B | 627,461 | 7,457,957 | ||||||
|
| |||||||
122,439,511 | ||||||||
Switzerland — 10.4% | ||||||||
ABB Ltd., Registered Shares | 783,709 | 13,621,673 | ||||||
Adecco Group AG, Registered Shares | 68,687 | 2,706,721 | ||||||
Alcon, Inc.(a) | 176,648 | 9,049,806 | ||||||
Baloise Holding AG, Registered Shares | 19,916 | 2,596,486 | ||||||
Barry Callebaut AG, Registered Shares | 1,322 | 2,646,049 | ||||||
Chocoladefabriken Lindt & Spruengli AG | 452 | 3,793,850 | ||||||
Chocoladefabriken Lindt & Spruengli AG, Registered Shares | 41 | 3,558,564 | ||||||
Cie Financiere Richemont SA, Registered Shares | 221,982 | 11,865,788 | ||||||
Clariant AG, Registered Shares | 86,435 | 1,438,643 | ||||||
Coca-Cola HBC AG | 86,190 | 1,848,455 | ||||||
Credit Suisse Group AG, Registered Shares(a) | 1,086,950 | 8,773,151 | ||||||
Dufry AG, Registered Shares | 19,531 | 599,411 | ||||||
EMS-Chemie Holding AG, Registered Shares | 3,504 | 2,185,350 | ||||||
Geberit AG, Registered Shares | 15,635 | 6,850,935 | ||||||
Givaudan SA, Registered Shares | 3,927 | 12,083,278 | ||||||
Glencore PLC | 4,533,162 | 6,861,156 | ||||||
Julius Baer Group Ltd. | 93,109 | 3,118,915 | ||||||
Kuehne + Nagel International AG, Registered Shares | 22,697 | 3,091,799 | ||||||
LafargeHolcim Ltd., Registered Shares | 208,850 | 7,621,668 | ||||||
Lonza Group AG, Registered Shares | 31,668 | 13,025,801 | ||||||
Nestle SA, Registered Shares | 1,265,552 | 129,551,755 | ||||||
Novartis AG, Registered Shares | 913,557 | 75,367,337 | ||||||
Pargesa Holding SA, Bearer Shares | 17,421 | 1,150,192 | ||||||
Partners Group Holding AG | 7,893 | 5,404,067 | ||||||
Roche Holding AG | 298,767 | 96,125,850 | ||||||
Schindler Holding AG, Participation Certificates | 17,315 | 3,788,133 | ||||||
Schindler Holding AG, Registered Shares | 8,891 | 1,861,531 | ||||||
SGS SA, Registered Shares | 2,574 | 5,936,864 | ||||||
Sika AG, Registered Shares | 54,264 | 8,910,840 | ||||||
Sonova Holding AG, Registered Shares | 23,983 | 4,276,513 |
Security | Shares | Value | ||||||
Switzerland (continued) | ||||||||
STMicroelectronics NV | 289,435 | $ | 6,221,864 | |||||
Straumann Holding AG, Registered Shares | 4,321 | 3,159,100 | ||||||
Swatch Group AG, Bearer Shares | 11,666 | 2,291,185 | ||||||
Swatch Group AG, Registered Shares | 23,642 | 915,294 | ||||||
Swiss Life Holding AG, Registered Shares | 14,065 | 4,720,863 | ||||||
Swiss Prime Site AG, Registered Shares | 32,210 | 3,135,014 | ||||||
Swiss Re AG | 125,307 | 9,648,502 | ||||||
Swisscom AG, Registered Shares | 11,014 | 5,897,784 | ||||||
Temenos AG, Registered Shares | 27,497 | 3,584,222 | ||||||
UBS Group AG, Registered Shares | 1,641,073 | 15,042,258 | ||||||
Vifor Pharma AG | 20,052 | 2,743,271 | ||||||
Zurich Insurance Group AG | 63,621 | 22,350,476 | ||||||
|
| |||||||
529,420,414 | ||||||||
United Arab Emirates — 0.0% | ||||||||
NMC Health PLC(d)(c) | 51,841 | 1 | ||||||
|
| |||||||
United Kingdom — 12.9% | ||||||||
3i Group PLC | 414,691 | 4,018,199 | ||||||
Admiral Group PLC | 84,150 | 2,317,501 | ||||||
Ashtead Group PLC | 195,052 | 4,215,846 | ||||||
Associated British Foods PLC | 150,619 | 3,373,818 | ||||||
AstraZeneca PLC | 557,891 | 49,707,472 | ||||||
Auto Trader Group PLC(e) | 380,360 | 2,055,386 | ||||||
Aveva Group PLC | 29,384 | 1,266,003 | ||||||
Aviva PLC | 1,651,603 | 5,430,060 | ||||||
BAE Systems PLC | 1,362,892 | 8,756,609 | ||||||
Barclays PLC | 7,344,745 | 8,346,805 | ||||||
Barratt Developments PLC | 411,096 | 2,222,102 | ||||||
Berkeley Group Holdings PLC | 52,371 | 2,337,503 | ||||||
BP PLC | 8,619,737 | 35,349,061 | ||||||
British American Tobacco PLC | 975,464 | 33,229,440 | ||||||
British Land Co. PLC(a) | 351,679 | 1,466,567 | ||||||
BT Group PLC | 3,566,082 | 5,187,099 | ||||||
Bunzl PLC | 138,378 | 2,769,862 | ||||||
Burberry Group PLC | 167,636 | 2,724,880 | ||||||
Centrica PLC | 2,399,362 | 1,130,557 | ||||||
CK Hutchison Holdings Ltd. | 1,148,117 | 7,652,379 | ||||||
CNH Industrial NV | 420,357 | 2,394,054 | ||||||
Coca-Cola European Partners PLC | 97,829 | 3,671,522 | ||||||
Compass Group PLC | 674,624 | 10,510,711 | ||||||
Croda International PLC | 56,196 | 2,964,765 | ||||||
DCC PLC | 43,045 | 2,688,209 | ||||||
Diageo PLC | 997,998 | 31,646,046 | ||||||
Direct Line Insurance Group PLC | 614,644 | 2,243,882 | ||||||
easyJet PLC | 66,438 | 460,386 | ||||||
Experian PLC | 386,328 | 10,736,569 | ||||||
Fiat Chrysler Automobiles NV | 466,614 | 3,331,036 | ||||||
G4S PLC | 692,427 | 787,568 | ||||||
GlaxoSmithKline PLC | 2,121,549 | 39,809,090 | ||||||
GVC Holdings PLC | 222,506 | 1,541,239 | ||||||
Halma PLC | 162,346 | 3,812,868 | ||||||
Hargreaves Lansdown PLC | 146,021 | 2,481,023 |
9
Schedule of Investments (unaudited) (continued) March 31, 2020 | iShares MSCI EAFE International Index Fund (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
United Kingdom (continued) | ||||||||
HSBC Holdings PLC | 8,637,969 | $ | 48,491,562 | |||||
Imperial Brands PLC | 402,530 | 7,428,831 | ||||||
Informa PLC | 519,649 | 2,830,378 | ||||||
InterContinental Hotels Group PLC | 71,443 | 3,039,417 | ||||||
Intertek Group PLC | 68,633 | 4,009,887 | ||||||
ITV PLC | 1,708,766 | 1,402,270 | ||||||
J. Sainsbury PLC | 767,540 | 1,985,940 | ||||||
JD Sports Fashion PLC | 200,763 | 1,124,421 | ||||||
Johnson Matthey PLC | 84,224 | 1,855,796 | ||||||
Kingfisher PLC | 869,320 | 1,526,968 | ||||||
Land Securities Group PLC | 313,075 | 2,158,939 | ||||||
Legal & General Group PLC | 2,536,663 | 5,993,369 | ||||||
Lloyds Banking Group PLC | 29,786,483 | 11,645,057 | ||||||
London Stock Exchange Group PLC | 133,855 | 11,974,108 | ||||||
M&G PLC | 1,060,112 | 1,474,623 | ||||||
Marks & Spencer Group PLC | 781,114 | 946,894 | ||||||
Meggitt PLC(a) | 294,164 | 1,057,422 | ||||||
Melrose Industries PLC | 2,038,545 | 2,265,300 | ||||||
Micro Focus International PLC | 149,109 | 735,792 | ||||||
Mondi PLC | 205,997 | 3,476,327 | ||||||
National Grid PLC | 1,480,181 | 17,294,833 | ||||||
Next PLC | 55,847 | 2,801,776 | ||||||
Ocado Group PLC(a) | 189,708 | 2,845,671 | ||||||
Pearson PLC | 340,495 | 2,331,047 | ||||||
Persimmon PLC | 134,705 | 3,184,244 | ||||||
Prudential PLC | 1,105,676 | 13,853,942 | ||||||
Reckitt Benckiser Group PLC | 301,681 | 22,980,725 | ||||||
RELX PLC | 824,435 | 17,595,443 | ||||||
Rentokil Initial PLC | 797,811 | 3,810,332 | ||||||
Rolls-Royce Holdings PLC | 749,671 | 3,168,445 | ||||||
Royal Bank of Scotland Group PLC | 2,027,559 | 2,795,749 | ||||||
RSA Insurance Group PLC | 454,517 | 2,371,857 | ||||||
Sage Group PLC | 459,817 | 3,343,580 | ||||||
Schroders PLC | 52,935 | 1,618,330 | ||||||
Segro PLC | 451,350 | 4,266,781 | ||||||
Severn Trent PLC | 105,151 | 2,976,503 | ||||||
Smith & Nephew PLC | 372,083 | 6,554,805 | ||||||
Smiths Group PLC | 173,034 | 2,608,864 | ||||||
Spirax-Sarco Engineering PLC | 30,321 | 3,044,015 | ||||||
SSE PLC | 435,304 | 6,994,922 | ||||||
St. James’s Place PLC | 234,392 | 2,188,735 | ||||||
Standard Chartered PLC | 1,138,987 | 6,297,224 | ||||||
Standard Life Aberdeen PLC | 1,044,852 | 2,883,587 | ||||||
Taylor Wimpey PLC | 1,457,374 | 2,097,104 | ||||||
Tesco PLC | 4,164,709 | 11,761,249 | ||||||
Unilever NV | 624,054 | 30,673,024 | ||||||
Unilever PLC | 471,673 | 23,786,560 | ||||||
United Utilities Group PLC | 283,827 | 3,177,134 | ||||||
Vodafone Group PLC | 11,383,453 | 15,748,367 | ||||||
Weir Group PLC | 118,575 | 1,054,621 | ||||||
Whitbread PLC | 55,988 | 2,075,000 |
Security | Shares | Value | ||||||
United Kingdom (continued) | ||||||||
WM Morrison Supermarkets PLC | 1,050,070 | $ | 2,294,037 | |||||
WPP PLC | 540,881 | 3,677,411 | ||||||
|
| |||||||
652,215,335 | ||||||||
United States — 0.3% | ||||||||
Carnival PLC(a) | 76,152 | 908,938 | ||||||
CyberArk Software Ltd.(a)(d) | 14,874 | 1,272,619 | ||||||
Ferguson PLC | 96,335 | 5,956,629 | ||||||
James Hardie Industries PLC | 188,550 | 2,189,200 | ||||||
QIAGEN NV(a) | 96,314 | 3,888,885 | ||||||
|
| |||||||
14,216,271 | ||||||||
|
| |||||||
Total Common Stocks — 94.4% |
| 4,785,375,632 | ||||||
|
| |||||||
Preferred Securities — 0.5% |
| |||||||
Preferred Stocks — 0.5% |
| |||||||
Germany — 0.5% | ||||||||
Bayerische Motoren Werke AG, Preference Shares, 0.00% | 26,130 | 1,108,051 | ||||||
Fuchs Petrolub SE, Preference Shares, 0.00%(d) | 30,942 | 1,103,720 | ||||||
Henkel AG & Co. KGaA, Preference Shares, 0.00% | 75,764 | 6,059,725 | ||||||
Porsche Automobil Holding SE, Preference Shares, 0.00% | 68,673 | 2,870,557 | ||||||
Sartorius AG, Preference Shares, 0.00% | 15,033 | 3,594,024 | ||||||
Volkswagen AG, Preference Shares, 0.00% | 78,920 | 9,091,311 | ||||||
|
| |||||||
Total Preferred Stocks — 0.5% |
| 23,827,388 | ||||||
|
| |||||||
Total Preferred Securities — 0.5% |
| 23,827,388 | ||||||
|
| |||||||
Total Long-Term Investments — 94.9% |
| 4,809,203,020 | ||||||
|
| |||||||
Short-Term Securities — 0.4% |
| |||||||
BlackRock Cash Funds: Institutional, | 22,728,626 | 22,724,080 | ||||||
BlackRock Cash Funds: Treasury, | 219,559 | 219,559 | ||||||
|
| |||||||
Total Short-Term Securities — 0.4% |
| 22,943,639 | ||||||
|
| |||||||
Total Investments — 95.3% |
| 4,832,146,659 | ||||||
Other Assets Less Liabilities — 4.7% |
| 235,754,888 | ||||||
|
| |||||||
Net Assets — 100.0% |
| $ | 5,067,901,547 | |||||
|
|
(a) | Non-income producing security. |
10
Schedule of Investments (unaudited) (continued) March 31, 2020 | iShares MSCI EAFE International Index Fund
|
(b) | A security contractually bound to one or more other securities to form a single saleable unit which cannot be sold separately. |
(c) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(d) | Security, or a portion of the security, is on loan. |
(e) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
(f) | Annualized7-day yield as of period end. |
(g) | All or a portion of the security was purchased with the cash collateral from loaned securities. |
(h) | Investments in issuers considered to be an affiliate/affiliates of the Fund during the period ended March 31, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
Affiliated Issuer | Shares Held at 12/31/19 | Shares Purchased | Shares Sold | Shares Held at 03/31/20 | Value at 03/31/20 | Income | Net Realized Gain (Loss) (a) | Change in Unrealized Appreciation | ||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, | 43,028,944 | — | (20,300,318 | )(b) | 22,728,626 | $ | 22,724,080 | $ | 168,409 | (c) | $ | (28,497 | ) | $ | (5,382 | ) | ||||||||||||||||
BlackRock Cash Funds: Treasury, | — | 219,559 | (b) | — | 219,559 | 219,559 | 32,191 | — | — | |||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
$ | 22,943,639 | $ | 200,600 | $ | (28,497 | ) | $ | (5,382 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
(a) | Includes net capital gain distributions, if applicable. |
(b) | Represents net shares purchased (sold). |
(c) | 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. |
Portfolio Abbreviations | ||
ADR | American Depositary Receipts | |
AGC | Assured Guarantee Corp. | |
CVA | Certificaten Van Aandelen (Dutch Certificate) | |
FTSE | Financial Times Stock Exchange | |
REIT | Real Estate Investment Trust |
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 |
| |||||||||||||||
Nikkei 225 Index | 807 | 06/11/20 | $ | 70,549 | $ | 5,593,690 | ||||||||||
SPI 200 Index | 416 | 06/18/20 | 32,682 | 1,333,015 | ||||||||||||
Euro Stoxx 50 | 3,288 | 06/19/20 | 99,615 | 5,078,701 | ||||||||||||
FTSE 100 Index | 842 | 06/19/20 | 58,939 | 2,885,917 | ||||||||||||
|
| |||||||||||||||
$ | 14,891,323 | |||||||||||||||
|
|
11
Schedule of Investments (unaudited) (continued) March 31, 2020 | iShares MSCI EAFE International Index Fund
|
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of investments and derivative 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 Fund 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) |
• | Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of investments) |
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 Global 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 investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of investments, refer to the Fund’s most recent financial statements as contained in its annual report.
The following tables summarize the Fund’s investments and derivative financial instruments categorized in the disclosure hierarchy:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Investments: | ||||||||||||||||
Common Stocks: | ||||||||||||||||
Australia | $ | — | $ | 318,689,027 | $ | 177,771 | $ | 318,866,798 | ||||||||
Austria | — | 7,933,286 | — | 7,933,286 | ||||||||||||
Belgium | — | 41,998,642 | — | 41,998,642 | ||||||||||||
Chile | — | 1,489,689 | — | 1,489,689 | ||||||||||||
China | 17,660,400 | 6,154,535 | — | 23,814,935 | ||||||||||||
Colombia | — | 1,030,824 | — | 1,030,824 | ||||||||||||
Denmark | — | 105,206,855 | — | 105,206,855 | ||||||||||||
Finland | — | 55,172,961 | — | 55,172,961 | ||||||||||||
France | 1,708,353 | 500,933,279 | — | 502,641,632 | ||||||||||||
Germany | — | 369,241,858 | — | 369,241,858 | ||||||||||||
Hong Kong | — | 160,690,322 | — | 160,690,322 | ||||||||||||
Ireland | 9,178,663 | 19,585,979 | — | 28,764,642 | ||||||||||||
Israel | 11,463,767 | 16,188,246 | — | 27,652,013 | ||||||||||||
Italy | — | 94,060,822 | — | 94,060,822 | ||||||||||||
Japan | 1,439,433 | 1,266,927,126 | — | 1,268,366,559 | ||||||||||||
Luxembourg | — | 7,354,566 | — | 7,354,566 | ||||||||||||
Macau | — | 10,330,714 | — | 10,330,714 | ||||||||||||
Netherlands | 25,746,907 | 188,585,510 | — | 214,332,417 | ||||||||||||
New Zealand | — | 14,621,173 | — | 14,621,173 | ||||||||||||
Norway | — | 26,342,878 | — | 26,342,878 | ||||||||||||
Portugal | — | 8,883,690 | 1 | 8,883,691 | ||||||||||||
Russia | — | 538,066 | — | 538,066 | ||||||||||||
Singapore | — | 57,753,595 | — | 57,753,595 | ||||||||||||
South Africa | — | 7,576,072 | — | 7,576,072 | ||||||||||||
Spain | — | 123,960,354 | — | 123,960,354 | ||||||||||||
Sweden | — | 122,439,511 | — | 122,439,511 | ||||||||||||
Switzerland | — | 529,420,414 | — | 529,420,414 | ||||||||||||
United Arab Emirates | — | — | 1 | 1 | ||||||||||||
United Kingdom | 3,671,522 | 640,891,434 | — | 644,562,956 | ||||||||||||
United States | 1,272,619 | 9,054,767 | — | 10,327,386 | ||||||||||||
Preferred Securities(a) | — | 23,827,388 | — | 23,827,388 | ||||||||||||
Short-Term Securities | 22,943,639 | — | — | 22,943,639 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 95,085,303 | $ | 4,736,883,583 | $ | 177,773 | $ | 4,832,146,659 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Derivative Financial Instruments(b) | ||||||||||||||||
Assets: | ||||||||||||||||
Equity contracts | $ | 14,891,323 | $ | — | $ | — | $ | 14,891,323 | ||||||||
|
|
|
|
|
|
|
|
(a) | See above Schedule of Investments for values in each country. |
(b) | Derivative financial instruments are futures contracts. Future contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
12
Schedule of Investments (unaudited) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Common Stocks — 97.8% |
| |||||||
Advertising Agencies — 0.1% |
| |||||||
Boston Omaha Corp., Class A(a)(b) | 17,734 | $ | 321,163 | |||||
Cardlytics, Inc.(a)(b) | 23,660 | 827,154 | ||||||
Clear Channel Outdoor Holdings, Inc.(a) | 75,454 | 48,291 | ||||||
Emerald Holding, Inc. | 64,654 | 167,454 | ||||||
Fluent, Inc.(a) | 64,666 | 75,659 | ||||||
Marchex, Inc., Class B(a) | 54,767 | 79,412 | ||||||
MDC Partners, Inc., Class A(a) | 88,049 | 127,671 | ||||||
National CineMedia, Inc. | 100,163 | 326,531 | ||||||
QuinStreet, Inc.(a) | 75,111 | 604,643 | ||||||
Viad Corp. | 33,159 | 703,966 | ||||||
|
| |||||||
3,281,944 | ||||||||
Aerospace — 1.0% | ||||||||
AAR Corp. | 55,382 | 983,584 | ||||||
Aerojet Rocketdyne Holdings, Inc.(a)(b) | 121,101 | 5,065,655 | ||||||
AeroVironment, Inc.(a) | 36,037 | 2,196,816 | ||||||
Astronics Corp.(a)(b) | 38,565 | 354,027 | ||||||
Axon Enterprise, Inc.(a)(b) | 96,718 | 6,844,733 | ||||||
Cubic Corp. | 51,920 | 2,144,815 | ||||||
Ducommun, Inc.(a) | 17,370 | 431,644 | ||||||
Kaman Corp. | 45,990 | 1,769,235 | ||||||
Kratos Defense & Security Solutions, Inc.(a)(b) | 149,457 | 2,068,485 | ||||||
Moog, Inc., Class A | 51,586 | 2,606,641 | ||||||
Triumph Group, Inc. | 77,157 | 521,581 | ||||||
|
| |||||||
24,987,216 | ||||||||
Agriculture, Fishing & Ranching — 0.5% | ||||||||
Alico, Inc. | 8,101 | 251,455 | ||||||
Andersons, Inc. | 52,205 | 978,844 | ||||||
Cadiz, Inc.(a)(b) | 20,453 | 238,686 | ||||||
Cal-Maine Foods, Inc. | 52,323 | 2,301,165 | ||||||
Calavo Growers, Inc. | 26,611 | 1,535,189 | ||||||
Fresh Del Monte Produce, Inc.(b) | 50,801 | 1,402,616 | ||||||
Limoneira Co. | 23,776 | 311,466 | ||||||
Sanderson Farms, Inc. | 33,047 | 4,075,356 | ||||||
|
| |||||||
11,094,777 | ||||||||
Air Transport — 0.4% | ||||||||
Air Transport Services Group, Inc.(a)(b) | 96,649 | 1,766,744 | ||||||
Allegiant Travel Co. | 21,330 | 1,744,794 | ||||||
Atlas Air Worldwide Holdings, Inc.(a)(b) | 38,654 | 992,248 | ||||||
Era Group, Inc.(a) | 42,590 | 227,005 | ||||||
Hawaiian Holdings, Inc. | 75,241 | 785,516 | ||||||
Mesa Air Group, Inc.(a)(b) | 45,347 | 149,191 | ||||||
SkyWest, Inc. | 81,639 | 2,138,125 | ||||||
Spirit Airlines, Inc.(a) | 113,957 | 1,468,906 | ||||||
|
| |||||||
9,272,529 | ||||||||
Alternative Energy — 0.2% | ||||||||
Ameresco, Inc., Class A(a)(b) | 37,675 | 641,605 | ||||||
Green Brick Partners, Inc.(a)(b) | 37,548 | 302,262 | ||||||
Green Plains, Inc. | 56,094 | 272,056 |
Security | Shares | Value | ||||||
Alternative Energy (continued) | ||||||||
REX American Resources Corp.(a)(b) | 10,486 | $ | 487,704 | |||||
Sunnova Energy International, Inc.(a) | 52,716 | 530,850 | ||||||
TerraForm Power, Inc., Class A | 130,816 | 2,062,968 | ||||||
Vivint Solar, Inc.(a) | 71,189 | 311,096 | ||||||
|
| |||||||
4,608,541 | ||||||||
Aluminum — 0.1% | ||||||||
Century Aluminum Co.(a)(b) | 81,498 | 295,023 | ||||||
Kaiser Aluminum Corp. | 26,005 | 1,801,626 | ||||||
|
| |||||||
2,096,649 | ||||||||
Asset Management & Custodian — 0.9% | ||||||||
Ares Management Corp., Class A | 118,792 | 3,674,237 | ||||||
Arlington Asset Investment Corp., Class A | 57,878 | 126,753 | ||||||
Artisan Partners Asset Management, Inc., Class A | 83,258 | 1,789,215 | ||||||
AssetMark Financial Holdings(b) | 25,972 | 529,569 | ||||||
B. Riley Financial, Inc. | 33,167 | 610,936 | ||||||
BrightSphere Investment Group PLC(a) | 107,278 | 685,506 | ||||||
Cohen & Steers, Inc. | 38,112 | 1,732,190 | ||||||
Cowen, Inc., Class A | 46,029 | 444,640 | ||||||
Diamond Hill Investment Group, Inc. | 5,185 | 467,894 | ||||||
Federated Hermes, Inc. | 161,308 | 3,072,917 | ||||||
Focus Financial Partners, Inc., Class A(a) | 51,134 | 1,176,593 | ||||||
GAMCO Investors, Inc., Class A(b) | 7,838 | 86,140 | ||||||
Hamilton Lane, Inc., Class A | 37,572 | 2,078,107 | ||||||
Oppenheimer Holdings, Inc., Class A | 16,058 | 317,306 | ||||||
PJT Partners, Inc., Class A(b) | 37,389 | 1,622,309 | ||||||
Pzena Investment Management, Inc., Class A | 31,376 | 139,937 | ||||||
Sculptor Capital Management, Inc. | 27,534 | 372,810 | ||||||
Silvercrest Asset Management Group, Inc., Class A | 12,496 | 118,212 | ||||||
Virtus Investment Partners, Inc. | 10,625 | 808,669 | ||||||
Waddell & Reed Financial, Inc., Class A | 113,760 | 1,294,589 | ||||||
Westwood Holdings Group, Inc. | 13,912 | 254,729 | ||||||
WisdomTree Investments, Inc. | 215,802 | 502,819 | ||||||
|
| |||||||
21,906,077 | ||||||||
Auto Parts — 0.7% | ||||||||
Adient PLC(a) | 145,564 | 1,320,266 | ||||||
American Axle & Manufacturing Holdings, Inc.(a) | 185,669 | 670,265 | ||||||
Dana, Inc. | 239,926 | 1,873,822 | ||||||
Dorman Products, Inc.(a) | 45,220 | 2,499,309 | ||||||
Fox Factory Holding Corp.(a) | 62,977 | 2,645,034 | ||||||
Gentherm, Inc.(a) | 54,127 | 1,699,588 | ||||||
Meritor, Inc.(a) | 117,313 | 1,554,397 | ||||||
Standard Motor Products, Inc. | 34,546 | 1,436,077 | ||||||
Stoneridge, Inc.(a) | 42,636 | 714,153 | ||||||
Tenneco, Inc., Class A | 82,143 | 295,715 |
1
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Auto Parts (continued) | ||||||||
Visteon Corp.(a)(b) | 46,356 | $ | 2,224,161 | |||||
|
| |||||||
16,932,787 | ||||||||
Auto Services — 0.1% | ||||||||
Cooper Tire & Rubber Co. | 82,979 | 1,352,558 | ||||||
|
| |||||||
Back Office Support, HR & Consulting — 1.7% | ||||||||
ASGN, Inc.(a) | 84,827 | 2,996,090 | ||||||
Barrett Business Services, Inc. | 11,769 | 466,523 | ||||||
BG Staffing, Inc. | 15,185 | 113,584 | ||||||
CBIZ, Inc.(a) | 84,397 | 1,765,585 | ||||||
Conduent, Inc.(a) | 285,445 | 699,340 | ||||||
CRA International, Inc. | 12,435 | 415,453 | ||||||
DHI Group, Inc.(a) | 80,180 | 173,189 | ||||||
Exela Technologies, Inc.(a)(b) | 64,951 | 13,315 | ||||||
ExlService Holdings, Inc.(a) | 55,569 | 2,891,255 | ||||||
Forrester Research, Inc.(a) | 19,942 | 582,905 | ||||||
FTI Consulting, Inc.(a)(b) | 61,727 | 7,393,043 | ||||||
GP Strategies Corp.(a) | 19,286 | 125,552 | ||||||
Hackett Group, Inc. | 39,655 | 504,412 | ||||||
Heidrick & Struggles International, Inc. | 30,619 | 688,927 | ||||||
Huron Consulting Group, Inc.(a) | 37,983 | 1,722,909 | ||||||
ICF International, Inc. | 30,513 | 2,096,243 | ||||||
Insperity, Inc. | 61,471 | 2,292,868 | ||||||
Kelly Services, Inc., Class A | 53,968 | 684,854 | ||||||
Kforce, Inc. | 33,854 | 865,647 | ||||||
Korn Ferry | 92,049 | 2,238,632 | ||||||
Liquidity Services, Inc.(a) | 47,987 | 186,189 | ||||||
MAXIMUS, Inc. | 105,539 | 6,142,370 | ||||||
NV5 Global, Inc.(a) | 16,727 | 690,658 | ||||||
PRGX Global, Inc.(a)(b) | 30,221 | 84,619 | ||||||
Resources Connection, Inc. | 49,547 | 543,530 | ||||||
StarTek, Inc.(a) | 24,267 | 91,244 | ||||||
Sykes Enterprises, Inc.(a) | 63,069 | 1,710,431 | ||||||
Target Hospitality Corp.(a)(b) | 49,812 | 99,126 | ||||||
TriNet Group, Inc.(a)(b) | 72,883 | 2,744,774 | ||||||
TrueBlue, Inc.(a) | 63,541 | 810,783 | ||||||
TTEC Holdings, Inc. | 30,041 | 1,103,105 | ||||||
|
| |||||||
42,937,155 | ||||||||
Banks: Diversified — 8.8% | ||||||||
1st Constitution Bancorp | 15,643 | 207,270 | ||||||
1st Source Corp. | 26,399 | 856,120 | ||||||
ACNB Corp. | 13,727 | 411,810 | ||||||
Allegiance Bancshares, Inc.(b) | 30,369 | 732,197 | ||||||
Amalgamated Bank, Class A | 23,480 | 254,054 | ||||||
Ambac Financial Group, Inc.(a) | 78,047 | 963,100 | ||||||
Amerant Bancorp, Inc.(a)(b) | 31,832 | 489,894 | ||||||
American National Bankshares, Inc. | 18,511 | 442,413 | ||||||
Ameris Bancorp | 103,603 | 2,461,607 | ||||||
Ames National Corp. | 15,056 | 307,895 | ||||||
Arrow Financial Corp. | 22,485 | 626,657 | ||||||
Atlantic Capital Bancshares, Inc.(a)(b) | 36,720 | 435,866 | ||||||
Atlantic Union Bankshares Corp. | 134,193 | 2,938,827 | ||||||
BancFirst Corp. | 33,187 | 1,107,450 |
Security | Shares | Value | ||||||
Banks: Diversified (continued) | ||||||||
Banco Latinoamericano de Comercio Exterior SA | 49,852 | $ | 513,974 | |||||
Bancorp, Inc.(a) | 84,819 | 514,851 | ||||||
BancorpSouth Bank | 166,986 | 3,159,375 | ||||||
Bank First Corp.(b) | 9,581 | 536,536 | ||||||
Bank of Commerce Holdings | 29,813 | 234,628 | ||||||
Bank of Marin Bancorp | 23,269 | 698,070 | ||||||
Bank of NT Butterfield & Son Ltd. | 90,733 | 1,545,183 | ||||||
Bank of Princeton(b) | 9,690 | 225,292 | ||||||
Bank7 Corp. | 5,814 | 46,163 | ||||||
Bankwell Financial Group, Inc. | 11,527 | 175,902 | ||||||
Banner Corp. | 50,809 | 1,678,729 | ||||||
Bar Harbor Bankshares | 26,461 | 457,246 | ||||||
Baycom Corp.(a)(b) | 18,197 | 219,274 | ||||||
BCB Bancorp, Inc. | 25,937 | 276,229 | ||||||
Boston Private Financial Holdings, Inc. | 108,995 | 779,314 | ||||||
Bridge Bancorp, Inc. | 29,506 | 624,347 | ||||||
Bridgewater Bancshares, Inc.(a) | 36,905 | 359,824 | ||||||
Bryn Mawr Bank Corp. | 35,335 | 1,002,807 | ||||||
Business First Bancshares, Inc. | 20,534 | 277,209 | ||||||
Byline Bancorp, Inc. | 39,298 | 407,520 | ||||||
C&F Financial Corp. | 5,703 | 227,550 | ||||||
Cadence BanCorp | 189,433 | 1,240,786 | ||||||
Cambridge Bancorp | 8,404 | 437,008 | ||||||
Camden National Corp. | 26,555 | 835,155 | ||||||
Capital Bancorp, Inc.(a)(b) | 12,793 | 160,168 | ||||||
Capital City Bank Group, Inc.(b) | 27,687 | 557,062 | ||||||
Capitol Federal Financial, Inc. | 222,673 | 2,585,234 | ||||||
Capstar Financial Holdings, Inc. | 31,662 | 313,137 | ||||||
Carolina Financial Corp. | 39,284 | 1,016,277 | ||||||
Carter Bank & Trust | 37,508 | 344,323 | ||||||
Cathay General Bancorp | 135,266 | 3,104,355 | ||||||
CBTX, Inc. | 31,038 | 551,545 | ||||||
CenterState Bank Corp. | 200,708 | 3,458,199 | ||||||
Central Pacific Financial Corp. | 35,589 | 565,865 | ||||||
Central Valley Community Bancorp | 20,040 | 261,322 | ||||||
Century Bancorp, Inc., Class A | 4,972 | 309,457 | ||||||
Chemung Financial Corp. | 6,300 | 207,774 | ||||||
Citizens & Northern Corp. | 21,059 | 421,180 | ||||||
City Holding Co. | 25,105 | 1,670,236 | ||||||
Civista Bancshares, Inc. | 26,232 | 392,431 | ||||||
CNB Financial Corp. | 24,439 | 461,164 | ||||||
Coastal Financial Corp.(a)(b) | 12,097 | 127,139 | ||||||
Codorus Valley Bancorp, Inc. | 16,462 | 265,038 | ||||||
Colony Bankcorp, Inc. | 13,079 | 163,487 | ||||||
Columbia Banking System, Inc. | 105,777 | 2,834,824 | ||||||
Columbia Financial, Inc.(a)(b) | 86,684 | 1,248,250 | ||||||
Community Bank System, Inc.(b) | 77,558 | 4,560,410 | ||||||
Community Bankers Trust Corp. | 37,382 | 181,303 | ||||||
Community Financial Corp. | 7,638 | 168,800 | ||||||
Community Trust Bancorp, Inc. | 27,934 | 888,022 | ||||||
ConnectOne Bancorp, Inc. | 56,815 | 763,594 | ||||||
CrossFirst Bankshares, Inc.(a)(b) | 84,663 | 711,169 | ||||||
Customers Bancorp, Inc.(a) | 45,831 | 500,933 |
2
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Banks: Diversified (continued) | ||||||||
CVB Financial Corp. | 221,458 | $ | 4,440,233 | |||||
Eagle Bancorp, Inc. | 49,855 | 1,506,120 | ||||||
Enterprise Bancorp, Inc. | 14,791 | 399,209 | ||||||
Enterprise Financial Services Corp.(b) | 41,907 | 1,169,624 | ||||||
Equity Bancshares, Inc., Class A(a) | 28,412 | 490,107 | ||||||
Esquire Financial Holdings, Inc.(a) | 11,357 | 170,923 | ||||||
Evans Bancorp, Inc. | 8,023 | 195,039 | ||||||
Farmers & Merchants Bancorp, Inc./Archbold | 16,779 | 434,744 | ||||||
Farmers National Banc Corp. | 44,618 | 518,907 | ||||||
FB Financial Corp. | 28,621 | 564,406 | ||||||
Fidelity D&D Bancorp, Inc.(b) | 4,801 | 244,947 | ||||||
Financial Institutions, Inc. | 27,327 | 495,712 | ||||||
First Bancorp, Inc. | 18,201 | 400,422 | ||||||
First BanCorp, Puerto Rico | 324,190 | 1,724,691 | ||||||
First Bancorp/Southern Pines NC | 51,103 | 1,179,457 | ||||||
First Bancshares, Inc. | 28,283 | 539,357 | ||||||
First Bank/Hamilton | 28,303 | 196,423 | ||||||
First Busey Corp. | 92,742 | 1,586,816 | ||||||
First Business Financial Services, Inc. | 14,311 | 221,820 | ||||||
First Choice Bancorp | 16,926 | 254,059 | ||||||
First Commonwealth Financial Corp. | 146,135 | 1,335,674 | ||||||
First Community Bancshares, Inc. | 32,087 | 747,627 | ||||||
First Financial Bancorp | 148,184 | 2,209,423 | ||||||
First Financial Bankshares, Inc. | 215,997 | 5,797,359 | ||||||
First Financial Corp. | 24,612 | 829,917 | ||||||
First Foundation, Inc. | 66,800 | 682,696 | ||||||
First Guaranty Bancshares, Inc. | 8,000 | 115,440 | ||||||
First Internet Bancorp | 19,886 | 326,528 | ||||||
First Interstate Bancsystem, Inc., Class A | 63,796 | 1,839,877 | ||||||
First Merchants Corp. | 91,866 | 2,433,530 | ||||||
First Mid Bancshares, Inc. | 25,446 | 604,088 | ||||||
First Midwest Bancorp, Inc. | 161,719 | 2,140,351 | ||||||
First Northwest Bancorp | 15,452 | 167,963 | ||||||
First of Long Island Corp. | 41,040 | 712,044 | ||||||
Flagstar Bancorp, Inc.(b) | 57,982 | 1,149,783 | ||||||
FNCB Bancorp, Inc. | 29,402 | 203,168 | ||||||
Franklin Financial Network, Inc. | 21,558 | 439,568 | ||||||
Franklin Financial Services Corp. | 7,291 | 200,138 | ||||||
FS Bancorp, Inc. | 6,801 | 244,836 | ||||||
Fulton Financial Corp. | 269,708 | 3,098,945 | ||||||
FVCBankcorp, Inc.(a)(b) | 20,792 | 276,949 | ||||||
German American Bancorp, Inc. | 43,511 | 1,194,377 | ||||||
Glacier Bancorp, Inc. | 144,072 | 4,899,168 | ||||||
Great Western Bancorp, Inc. | 80,467 | 1,647,964 | ||||||
Guaranty Bancshares, Inc. | 13,874 | 321,044 | ||||||
Hancock Whitney Corp. | 146,299 | 2,855,756 | ||||||
Hanmi Financial Corp. | 35,695 | 387,291 | ||||||
HarborOne Bancorp, Inc.(a)(b) | 45,047 | 339,204 | ||||||
Hawthorn Bancshares, Inc. | 8,966 | 164,526 | ||||||
HBT Financial, Inc. | 16,051 | 169,017 | ||||||
Heartland Financial USA, Inc. | 59,838 | 1,807,108 | ||||||
Heritage Commerce Corp. | 101,551 | 778,896 |
Security | Shares | Value | ||||||
Banks: Diversified (continued) | ||||||||
Home BancShares, Inc. | 264,517 | $ | 3,171,559 | |||||
Hope Bancorp, Inc. | 182,868 | 1,503,175 | ||||||
Horizon Bancorp | 64,116 | 632,184 | ||||||
Howard Bancorp, Inc.(a) | �� | 28,208 | 306,339 | |||||
Iberiabank Corp. | 89,060 | 3,220,410 | ||||||
Independent Bank Corp. | 91,180 | 3,937,852 | ||||||
Independent Bank Group, Inc. | 59,657 | 1,412,678 | ||||||
International Bancshares Corp. | 93,494 | 2,513,119 | ||||||
Investar Holding Corp. | 15,819 | 202,009 | ||||||
Lakeland Bancorp, Inc. | 88,370 | 955,280 | ||||||
Lakeland Financial Corp. | 41,967 | 1,542,287 | ||||||
LCNB Corp. | 21,122 | 266,137 | ||||||
Level One Bancorp, Inc. | 8,912 | 160,416 | ||||||
Live Oak Bancshares, Inc.(b) | 47,515 | 592,512 | ||||||
Luther Burbank Corp. | 33,170 | 304,169 | ||||||
Macatawa Bank Corp. | 49,646 | 353,479 | ||||||
Mackinac Financial Corp. | 16,516 | 172,592 | ||||||
MainStreet Bancshares, Inc.(a)(b) | 11,141 | 186,723 | ||||||
Mercantile Bank Corp. | 27,557 | 583,382 | ||||||
Merchants Bancorp | 14,596 | 221,567 | ||||||
Metrocity Bankshares, Inc. | 26,780 | 314,397 | ||||||
Metropolitan Bank Holding Corp.(a) | 13,948 | 375,620 | ||||||
Mid Penn Bancorp, Inc. | 11,675 | 236,419 | ||||||
Midland States Bancorp, Inc. | 38,170 | 667,593 | ||||||
MVB Financial Corp. | 16,436 | 209,559 | ||||||
National Bank Holdings Corp., Class A | 45,195 | 1,080,160 | ||||||
National Bankshares, Inc. | 10,664 | 340,182 | ||||||
NBT Bancorp, Inc. | 63,747 | 2,064,765 | ||||||
Nicolet Bankshares, Inc.(a)(b) | 16,949 | 925,076 | ||||||
Northeast Bank(a) | 11,696 | 136,375 | ||||||
Northrim BanCorp, Inc. | 11,374 | 307,098 | ||||||
Norwood Financial Corp. | 9,898 | 264,277 | ||||||
Oak Valley Bancorp | 11,873 | 186,881 | ||||||
OFG Bancorp | 78,947 | 882,627 | ||||||
Ohio Valley Banc Corp. | 7,057 | 211,569 | ||||||
Old National Bancorp | 262,066 | 3,456,651 | ||||||
Old Second Bancorp, Inc.(b) | 52,681 | 364,026 | ||||||
OP Bancorp | 23,528 | 175,519 | ||||||
Opus Bank | 38,052 | 659,441 | ||||||
Origin Bancorp, Inc. | 32,809 | 664,382 | ||||||
Orrstown Financial Services, Inc. | 16,902 | 232,741 | ||||||
Pacific Mercantile Bancorp(a)(b) | 30,165 | 142,077 | ||||||
Pacific Premier Bancorp, Inc. | 89,181 | 1,680,170 | ||||||
Park National Corp. | 22,914 | 1,779,043 | ||||||
Parke Bancorp, Inc. | 17,346 | 233,998 | ||||||
PCB Bancorp | 21,468 | 209,957 | ||||||
PCSB Financial Corp. | 26,941 | 376,905 | ||||||
Peapack Gladstone Financial Corp.(b) | 30,566 | 548,660 | ||||||
Penns Woods Bancorp, Inc. | 11,799 | 286,716 | ||||||
People’s Utah Bancorp | 27,621 | 535,019 | ||||||
Peoples Bancorp of North Carolina, Inc. | 8,219 | 167,339 | ||||||
Peoples Bancorp, Inc. | 34,064 | 754,518 | ||||||
Peoples Financial Services Corp. | 11,408 | 453,354 | ||||||
Pioneer Bancorp, Inc.(a)(b) | 18,962 | 196,826 |
3
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Banks: Diversified (continued) | ||||||||
Preferred Bank | 23,419 | $ | 792,031 | |||||
Premier Financial Bancorp, Inc. | 22,297 | 276,483 | ||||||
Professional Holding Corp., Class A(a) | 6,568 | 104,760 | ||||||
Provident Financial Services, Inc. | 101,233 | 1,301,856 | ||||||
QCR Holdings, Inc.(b) | 27,811 | 752,844 | ||||||
RBB Bancorp | 27,697 | 380,003 | ||||||
Red River Bancshares, Inc.(b) | 8,836 | 328,876 | ||||||
Reliant Bancorp Inc. | 17,568 | 197,991 | ||||||
Renasant Corp. | 95,467 | 2,084,999 | ||||||
Republic Bancorp, Inc., Class A | 16,647 | 549,850 | ||||||
Republic First Bancorp, Inc.(a) | 77,302 | 169,291 | ||||||
S&T Bancorp, Inc. | 62,476 | 1,706,844 | ||||||
Sandy Spring Bancorp, Inc. | 59,675 | 1,351,042 | ||||||
SB One Bancorp | 17,864 | 303,688 | ||||||
Seacoast Banking Corp. of Florida(a) | 78,415 | 1,435,779 | ||||||
Select Bancorp, Inc.(a) | 35,448 | 270,468 | ||||||
ServisFirst Bancshares, Inc. | 81,347 | 2,385,094 | ||||||
Shore Bancshares, Inc. | 22,172 | 240,566 | ||||||
Sierra Bancorp | 29,032 | 510,383 | ||||||
Silvergate Capital Corp., Class A(a) | 6,690 | 63,823 | ||||||
Simmons First National Corp., Class A | 158,111 | 2,909,242 | ||||||
SmartFinancial, Inc. | 21,356 | 324,825 | ||||||
South Plains Financial, Inc. | 19,967 | 309,289 | ||||||
South State Corp. | 55,800 | 3,277,134 | ||||||
Southern First Bancshares, Inc.(a) | 12,735 | 361,292 | ||||||
Southern National Bancorp of Virginia, Inc. | 35,408 | 348,415 | ||||||
Southside Bancshares, Inc. | 53,174 | 1,615,958 | ||||||
Spirit of Texas Bancshares, Inc.(a)(b) | 21,878 | 226,218 | ||||||
Stock Yards Bancorp, Inc. | 36,606 | 1,059,012 | ||||||
Summit Financial Group, Inc. | 19,115 | 405,429 | ||||||
Tompkins Financial Corp. | 24,085 | 1,729,303 | ||||||
TowneBank | 115,951 | 2,097,554 | ||||||
Trico Bancshares | 45,854 | 1,367,366 | ||||||
TriState Capital Holdings, Inc.(a) | 50,317 | 486,565 | ||||||
Triumph Bancorp, Inc.(a) | 37,540 | 976,040 | ||||||
TrustCo Bank Corp. NY | 143,381 | 775,691 | ||||||
Trustmark Corp. | 106,696 | 2,486,017 | ||||||
UMB Financial Corp. | 74,712 | 3,465,143 | ||||||
Union Bankshares, Inc. | 6,925 | 155,812 | ||||||
United Bankshares, Inc. | 163,557 | 3,774,896 | ||||||
United Community Banks, Inc. | 92,653 | 1,696,476 | ||||||
United Security Bancshares | 24,184 | 154,778 | ||||||
Unity Bancorp, Inc. | 12,337 | 144,343 | ||||||
Univest Financial Corp. | 50,726 | 827,848 | ||||||
Valley National Bancorp | 651,917 | 4,765,513 | ||||||
Veritex Holdings, Inc. | 81,304 | 1,135,817 | ||||||
Washington Trust Bancorp, Inc. | 28,233 | 1,032,198 | ||||||
WesBanco, Inc. | 111,436 | 2,641,033 | ||||||
West BanCorp., Inc. | 28,851 | 471,714 |
Security | Shares | Value | ||||||
Banks: Diversified (continued) | ||||||||
Westamerica BanCorp | 40,646 | $ | 2,389,172 | |||||
|
| |||||||
216,328,674 | ||||||||
Banks: Savings, Thrift & Mortgage Lending — 1.2% | ||||||||
Axos Financial, Inc.(a)(b) | 98,745 | 1,790,247 | ||||||
Banc of California, Inc. | 77,171 | 617,368 | ||||||
BankFinancial Corp. | 23,860 | 210,207 | ||||||
Berkshire Hills Bancorp, Inc. | 76,528 | 1,137,206 | ||||||
Brookline Bancorp, Inc. | 105,892 | 1,194,462 | ||||||
Dime Community Bancshares, Inc. | 52,131 | 714,716 | ||||||
ESSA Bancorp, Inc. | 16,438 | 224,379 | ||||||
First Capital, Inc. | 5,359 | 321,004 | ||||||
First Defiance Financial Corp. | 61,921 | 912,716 | ||||||
First Financial Northwest, Inc. | 12,137 | 121,855 | ||||||
Flushing Financial Corp. | 46,316 | 618,782 | ||||||
Great Southern Bancorp, Inc. | 22,549 | 910,980 | ||||||
Greene County Bancorp, Inc. | 5,855 | 136,773 | ||||||
Heritage Financial Corp. | 55,415 | 1,108,300 | ||||||
Hingham Institution for Savings | 2,361 | 342,321 | ||||||
Home Bancorp, Inc. | 13,038 | 318,388 | ||||||
HomeStreet, Inc. | 29,845 | 663,454 | ||||||
Investors Bancorp, Inc. | 381,051 | 3,044,597 | ||||||
Kearny Financial Corp. | 131,099 | 1,126,140 | ||||||
Ladder Capital Corp. | 171,146 | 811,232 | ||||||
Malvern Bancorp, Inc.(a) | 13,058 | 159,960 | ||||||
Meridian Bancorp, Inc.(b) | 81,718 | 916,876 | ||||||
MutualFirst Financial, Inc. | 10,025 | 282,705 | ||||||
Northfield Bancorp, Inc. | 73,920 | 827,165 | ||||||
Northwest Bancshares, Inc. | 165,022 | 1,909,305 | ||||||
OceanFirst Financial Corp. | 93,901 | 1,493,965 | ||||||
Ocwen Financial Corp.(a)(b) | 227,231 | 113,616 | ||||||
Ponce de Leon Federal Bank(a)(b) | 12,884 | 132,319 | ||||||
Provident Bancorp, Inc.(a)(b) | 16,241 | 139,997 | ||||||
Provident Financial Holdings, Inc. | 10,685 | 162,733 | ||||||
Prudential Bancorp, Inc. | 14,298 | 211,610 | ||||||
Richmond Mutual BanCorp., Inc.(a) | 23,457 | 239,261 | ||||||
Riverview Bancorp, Inc. | 37,996 | 190,360 | ||||||
Southern Missouri Bancorp, Inc. | 13,207 | 320,534 | ||||||
Sterling Bancorp, Inc.(b) | 27,375 | 117,713 | ||||||
Territorial Bancorp, Inc. | 13,705 | 336,458 | ||||||
Timberland Bancorp, Inc. | 12,693 | 232,155 | ||||||
Washington Federal, Inc. | 129,765 | 3,368,699 | ||||||
Waterstone Financial, Inc. | 40,517 | 589,117 | ||||||
Western New England Bancorp, Inc. | 40,665 | 274,895 | ||||||
WSFS Financial Corp. | 86,008 | 2,143,319 | ||||||
|
| |||||||
30,487,889 | ||||||||
Beverage: Brewers & Distillers — 0.2% | ||||||||
Boston Beer Co., Inc., Class A(a)(b) | 13,825 | 5,081,517 | ||||||
Craft Brew Alliance, Inc.(a)(b) | 19,652 | 292,815 | ||||||
|
| |||||||
5,374,332 | ||||||||
Beverage: Soft Drinks — 0.1% | ||||||||
Celsius Holdings, Inc.(a)(b) | 50,738 | 213,607 | ||||||
Coca-Cola Consolidated, Inc. | 7,782 | 1,622,780 |
4
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Beverage: Soft Drinks (continued) | ||||||||
Farmer Bros Co.(a) | 16,144 | $ | 112,362 | |||||
National Beverage Corp.(a)(b) | 19,706 | 840,461 | ||||||
New Age Beverages Corp.(a)(b) | 116,112 | 161,396 | ||||||
|
| |||||||
2,950,606 | ||||||||
Biotechnology — 8.9% | ||||||||
89bio, Inc.(a) | 5,270 | 133,068 | ||||||
Acceleron Pharma, Inc.(a) | 74,671 | 6,710,683 | ||||||
Acer Therapeutics, Inc.(a)(b) | 12,789 | 25,450 | ||||||
Acorda Therapeutics, Inc.(a) | 67,973 | 63,392 | ||||||
ADMA Biologics, Inc.(a)(b) | 112,460 | 323,885 | ||||||
Aduro Biotech, Inc.(a) | 104,794 | 287,136 | ||||||
Adverum Biotechnologies, Inc.(a) | 104,810 | 1,023,994 | ||||||
Aeglea BioTherapeutics, Inc.(a)(b) | 39,362 | 183,427 | ||||||
Affimed NV(a)(b) | 127,442 | 201,358 | ||||||
Agenus, Inc.(a) | 175,896 | 430,945 | ||||||
AgeX Therapeutics, Inc.(a)(b) | 31,755 | 29,532 | ||||||
Aimmune Therapeutics, Inc.(a) | 74,220 | 1,070,252 | ||||||
Akcea Therapeutics, Inc.(a) | 21,118 | 301,987 | ||||||
Akebia Therapeutics, Inc.(a)(b) | 194,398 | 1,473,537 | ||||||
Akero Therapeutics, Inc.(a) | 13,389 | 283,847 | ||||||
Albireo Pharma, Inc.(a)(b) | 20,717 | 339,137 | ||||||
Aldeyra Therapeutics, Inc.(a) | 61,351 | 151,537 | ||||||
Alector, Inc.(a) | 57,238 | 1,381,153 | ||||||
Allakos, Inc.(a)(b) | 32,333 | 1,438,495 | ||||||
Allogene Therapeutics, Inc.(a) | 64,469 | 1,253,277 | ||||||
AMAG Pharmaceuticals, Inc.(a)(b) | 55,831 | 345,036 | ||||||
Amicus Therapeutics, Inc.(a)(b) | 425,082 | 3,927,758 | ||||||
AnaptysBio, Inc.(a)(b) | 39,917 | 564,027 | ||||||
Anavex Life Sciences Corp.(a)(b) | 80,323 | 253,017 | ||||||
ANI Pharmaceuticals, Inc.(a)(b) | 15,228 | 620,389 | ||||||
Apellis Pharmaceuticals, Inc.(a) | 95,932 | 2,570,018 | ||||||
Applied Therapeutics, Inc.(a)(b) | 13,117 | 428,795 | ||||||
Aprea Therapeutics, Inc.(a)(b) | 10,771 | 374,400 | ||||||
Arcus Biosciences, Inc.(a) | 53,784 | 746,522 | ||||||
Arcutis Biotherapeutics, Inc.(a) | 16,793 | 500,431 | ||||||
Ardelyx, Inc.(a) | 101,195 | 575,294 | ||||||
Arena Pharmaceuticals, Inc.(a)(b) | 83,801 | 3,519,642 | ||||||
Arvinas Holding Co. LLC(a) | 35,077 | 1,413,603 | ||||||
Assembly Biosciences, Inc.(a) | 46,070 | 683,218 | ||||||
Atara Biotherapeutics, Inc.(a)(b) | 85,570 | 728,201 | ||||||
Athenex, Inc.(a)(b) | 112,697 | 872,275 | ||||||
Athersys, Inc.(a)(b) | 218,282 | 654,846 | ||||||
Atreca, Inc., Class A(a)(b) | 32,116 | 531,520 | ||||||
Avid Bioservices, Inc.(a)(b) | 91,692 | 468,546 | ||||||
Avrobio, Inc.(a)(b) | 37,924 | 590,097 | ||||||
Axcella Health, Inc.(a)(b) | 9,720 | 33,242 | ||||||
Baudax Bio, Inc.(a)(b) | 11,614 | 28,803 | ||||||
Beam Therapeutics, Inc.(a) | 19,712 | 354,816 | ||||||
Beyondspring, Inc.(a)(b) | 20,384 | 261,119 | ||||||
BioCryst Pharmaceuticals, Inc.(a) | 257,344 | 514,688 | ||||||
BioDelivery Sciences International, Inc.(a) | 135,154 | 512,234 |
Security | Shares | Value | ||||||
Biotechnology (continued) | ||||||||
Biohaven Pharmaceutical Holding Co. Ltd.(a)(b) | 71,621 | $ | 2,437,263 | |||||
BioTelemetry, Inc.(a) | 54,408 | 2,095,252 | ||||||
Bioxcel Therapeutics, Inc.(a) | 11,097 | 248,018 | ||||||
Black Diamond Therapeutics, Inc.(a) | 20,244 | 505,088 | ||||||
Blueprint Medicines Corp.(a) | 88,874 | 5,197,352 | ||||||
Bridgebio Pharma, Inc.(a) | 124,114 | 3,599,306 | ||||||
Cabaletta Bio, Inc.(a)(b) | 10,977 | 80,132 | ||||||
Calithera Biosciences, Inc.(a) | 90,236 | 400,648 | ||||||
Calyxt, Inc.(a)(b) | 13,922 | 46,360 | ||||||
CASI Pharmaceuticals, Inc.(a) | 74,900 | 152,796 | ||||||
Castle Biosciences, Inc.(a) | 15,252 | 454,662 | ||||||
Catalyst Pharmaceuticals, Inc.(a)(b) | 156,595 | 602,891 | ||||||
CEL-SCI Corp.(a)(b) | 53,324 | 615,359 | ||||||
Celcuity, Inc.(a)(b) | 8,565 | 55,673 | ||||||
Cellular Biomedicine Group, Inc.(a) | 20,306 | 321,241 | ||||||
Checkpoint Therapeutics, Inc.(a)(b) | 55,870 | 84,364 | ||||||
ChemoCentryx, Inc.(a) | 67,533 | 2,713,476 | ||||||
Chiasma, Inc.(a)(b) | 58,739 | 214,397 | ||||||
Clovis Oncology, Inc.(a)(b) | 81,624 | 519,129 | ||||||
Codexis, Inc.(a) | 87,367 | 975,016 | ||||||
Coherus Biosciences, Inc.(a) | 105,367 | 1,709,053 | ||||||
Collegium Pharmaceutical, Inc.(a)(b) | 53,272 | 869,932 | ||||||
Constellation Pharmaceuticals, Inc.(a)(b) | 31,324 | 984,513 | ||||||
Contra GTX, Inc.(b)(c) | 944 | 1,935 | ||||||
Corbus Pharmaceuticals Holdings, Inc.(a)(b) | 107,281 | 562,152 | ||||||
Cortexyme, Inc.(a) | 18,568 | 846,886 | ||||||
Crinetics Pharmaceuticals, Inc.(a)(b) | 18,501 | 271,965 | ||||||
Cue Biopharma, Inc.(a)(b) | 32,535 | 461,672 | ||||||
Cyclerion Therapeutics, Inc.(a) | 35,776 | 94,806 | ||||||
Cymabay Therapeutics, Inc.(a) | 106,168 | 157,129 | ||||||
Cytokinetics, Inc.(a)(b) | 91,762 | 1,081,874 | ||||||
CytomX Therapeutics, Inc.(a) | 72,989 | 559,826 | ||||||
CytoSorbents Corp.(a)(b) | 51,281 | 396,402 | ||||||
Deciphera Pharmaceuticals, Inc.(a) | 34,742 | 1,430,328 | ||||||
Denali Therapeutics, Inc.(a) | 86,493 | 1,514,492 | ||||||
Dynavax Technologies Corp.(a) | 135,849 | 479,547 | ||||||
Editas Medicine, Inc.(a) | 85,892 | 1,703,238 | ||||||
Eidos Therapeutics, Inc.(a) | 19,819 | 970,933 | ||||||
Eiger Biopharmaceuticals, Inc.(a)(b) | 39,406 | 267,961 | ||||||
Emergent Biosolutions, Inc.(a)(b) | 75,564 | 4,372,133 | ||||||
Enochian Biosciences, Inc.(a) | 26,154 | 78,462 | ||||||
Enzo Biochem, Inc.(a)(b) | 67,446 | 170,638 | ||||||
Epizyme, Inc.(a) | 128,755 | 1,996,990 | ||||||
Evelo Biosciences, Inc.(a)(b) | 20,162 | 75,708 | ||||||
Evofem Biosciences, Inc.(a) | 21,125 | 112,385 | ||||||
EyePoint Pharmaceuticals, Inc.(a)(b) | 166,503 | 169,833 | ||||||
Fate Therapeutics, Inc.(a) | 100,562 | 2,233,482 | ||||||
FibroGen, Inc.(a)(b) | 130,202 | 4,524,519 | ||||||
Five Prime Therapeutics, Inc.(a)(b) | 50,910 | 115,566 | ||||||
Forty Seven, Inc.(a) | 41,911 | 3,999,148 | ||||||
Frequency Therapeutics, Inc.(a) | 9,682 | 172,436 |
5
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Biotechnology (continued) | ||||||||
Fulcrum Therapeutics, Inc.(a)(b) | 19,865 | $ | 237,188 | |||||
G1 Therapeutics, Inc.(a)(b) | 56,379 | 621,297 | ||||||
Galera Therapeutics, Inc.(a) | 2,077 | 19,732 | ||||||
GenMark Diagnostics, Inc.(a)(b) | 91,211 | 375,789 | ||||||
Geron Corp.(a)(b) | 296,802 | 353,194 | ||||||
Global Blood Therapeutics, Inc.(a) | 96,111 | 4,910,311 | ||||||
GlycoMimetics, Inc.(a) | 51,030 | 116,348 | ||||||
Gossamer Bio, Inc.(a) | 71,183 | 722,507 | ||||||
Gritstone Oncology, Inc.(a) | 41,904 | 243,881 | ||||||
Halozyme Therapeutics, Inc.(a)(b) | 223,280 | 4,016,807 | ||||||
Harpoon Therapeutics, Inc.(a) | 17,339 | 200,786 | ||||||
Heron Therapeutics, Inc.(a)(b) | 139,892 | 1,642,332 | ||||||
Homology Medicines, Inc.(a)(b) | 40,196 | 624,646 | ||||||
Hookipa Pharma, Inc.(a) | 17,591 | 145,126 | ||||||
IGM Biosciences, Inc.(a)(b) | 8,279 | 464,866 | ||||||
ImmunoGen, Inc.(a) | 280,564 | 956,723 | ||||||
Immunomedics, Inc.(a)(b) | 315,062 | 4,247,036 | ||||||
Inovio Pharmaceuticals, Inc.(a)(b) | 157,878 | 1,174,612 | ||||||
Insmed, Inc.(a) | 147,860 | 2,370,196 | ||||||
Intellia Therapeutics, Inc.(a)(b) | 68,151 | 833,487 | ||||||
Intercept Pharmaceuticals, Inc.(a)(b) | 41,789 | 2,631,035 | ||||||
Invitae Corp.(a)(b) | 144,898 | 1,980,756 | ||||||
Iovance Biotherapeutics, Inc.(a) | 194,266 | 5,815,353 | ||||||
Jounce Therapeutics, Inc.(a) | 38,311 | 181,977 | ||||||
Kadmon Holdings, Inc.(a) | 266,629 | 1,117,176 | ||||||
Kala Pharmaceuticals, Inc.(a)(b) | 39,935 | 351,029 | ||||||
Kaleido Biosciences, Inc.(a)(b) | 21,175 | 130,226 | ||||||
KalVista Pharmaceuticals, Inc.(a) | 19,984 | 152,878 | ||||||
Karuna Therapeutics, Inc.(a)(b) | 18,003 | 1,296,216 | ||||||
Karyopharm Therapeutics, Inc.(a) | 98,667 | 1,895,393 | ||||||
Kezar Life Sciences, Inc.(a) | 64,483 | 281,146 | ||||||
Kindred Biosciences, Inc.(a) | 59,521 | 238,084 | ||||||
Kiniksa Pharmaceuticals Ltd., Class A(a)(b) | 22,792 | 352,820 | ||||||
Kodiak Sciences, Inc.(a) | 46,488 | 2,217,478 | ||||||
Krystal Biotech, Inc.(a)(b) | 17,415 | 753,025 | ||||||
Kura Oncology, Inc.(a)(b) | 56,746 | 564,623 | ||||||
Lexicon Pharmaceuticals, Inc.(a)(b) | 62,527 | 121,928 | ||||||
Ligand Pharmaceuticals, Inc.(a)(b) | 28,422 | 2,066,848 | ||||||
Lineage Cell Therapeutics, Inc.(b) | 162,712 | 134,742 | ||||||
LogicBio Therapeutics, Inc.(a)(b) | 12,342 | 60,969 | ||||||
MacroGenics, Inc.(a) | 76,660 | 446,161 | ||||||
Madrigal Pharmaceuticals, Inc.(a) | 14,765 | 985,711 | ||||||
Magenta Therapeutics, Inc.(a)(b) | 32,370 | 203,284 | ||||||
MannKind Corp.(a)(b) | 306,653 | 315,853 | ||||||
Marinus Pharmaceuticals, Inc.(a)(b) | 133,417 | 270,837 | ||||||
Marker Therapeutics, Inc.(a)(b) | 40,458 | 76,870 | ||||||
MediciNova, Inc.(a) | 69,665 | 259,154 | ||||||
MeiraGTx Holdings PLC(a)(b) | 28,137 | 378,161 | ||||||
Menlo Therapeutics, Inc.(a) | 74,920 | 200,786 | ||||||
Mersana Therapeutics, Inc.(a) | 57,447 | 334,916 | ||||||
Millendo Therapeutics, Inc. | 20,419 | 107,812 | ||||||
Minerva Neurosciences, Inc.(a) | 48,677 | 293,036 | ||||||
Mirati Therapeutics, Inc.(a) | 49,315 | 3,790,844 |
Security | Shares | Value | ||||||
Biotechnology (continued) | ||||||||
Mirum Pharmaceuticals, Inc.(a) | 8,546 | $ | 119,644 | |||||
Molecular Templates, Inc.(a)(b) | 32,969 | 438,158 | ||||||
Momenta Pharmaceuticals, Inc.(a) | 188,139 | 5,117,381 | ||||||
Morphic Holding, Inc.(a) | 22,254 | 326,689 | ||||||
Mustang Bio, Inc.(a)(b) | 68,499 | 183,577 | ||||||
Myriad Genetics, Inc.(a) | 118,148 | 1,690,698 | ||||||
Natera, Inc.(a)(b) | 104,183 | 3,110,904 | ||||||
Neon Therapeutics, Inc.(a)(b) | 21,282 | 56,184 | ||||||
NextCure, Inc.(a) | 23,826 | 883,230 | ||||||
NGM Biopharmaceuticals, Inc.(a) | 40,271 | 496,541 | ||||||
Novavax, Inc.(a)(b) | 52,821 | 717,309 | ||||||
Odonate Therapeutics, Inc.(a)(b) | 16,052 | 443,196 | ||||||
Omeros Corp.(a)(b) | 85,068 | 1,137,359 | ||||||
Oncocyte Corp.(a)(b) | 32,093 | 78,628 | ||||||
OPKO Health, Inc.(a)(b) | 632,082 | 846,990 | ||||||
Oyster Point Pharma, Inc.(a)(b) | 9,415 | 329,525 | ||||||
Pacific Biosciences of California, Inc.(a)(b) | 237,683 | 727,310 | ||||||
Palatin Technologies, Inc.(a)(b) | 367,748 | 155,778 | ||||||
PDL BioPharma, Inc.(a) | 186,837 | 526,880 | ||||||
Personalis, Inc.(a)(b) | 29,965 | 241,818 | ||||||
Pfenex, Inc.(a)(b) | 48,805 | 430,460 | ||||||
PhaseBio Pharmaceuticals, Inc.(a)(b) | 20,486 | 67,809 | ||||||
Phathom Pharmaceuticals, Inc.(a)(b) | 17,612 | 454,742 | ||||||
Pieris Pharmaceuticals, Inc.(a) | 70,119 | 159,871 | ||||||
Precigen, Inc.(a)(b) | 117,934 | 400,976 | ||||||
Precision BioSciences, Inc.(a)(b) | 60,632 | 365,611 | ||||||
Prevail Therapeutics, Inc.(a) | 22,425 | 273,361 | ||||||
Principia Biopharma, Inc.(a) | 31,166 | 1,850,637 | ||||||
Progenics Pharmaceuticals, Inc.(a) | 140,477 | 533,813 | ||||||
Protagonist Therapeutics, Inc.(a)(b) | 30,167 | 212,979 | ||||||
Prothena Corp. PLC(a) | 66,669 | 713,358 | ||||||
PTC Therapeutics, Inc.(a) | 100,177 | 4,468,896 | ||||||
Pulse Biosciences, Inc.(a)(b) | 17,440 | 124,870 | ||||||
Puma Biotechnology, Inc.(a)(b) | 49,585 | 418,497 | ||||||
Ra Pharmaceuticals, Inc.(a) | 57,689 | 2,769,649 | ||||||
RadNet, Inc.(a) | 68,986 | 725,043 | ||||||
Rapt Therapeutics, Inc.(a) | 2,960 | 62,959 | ||||||
Recro Pharma, Inc.(a)(b) | 31,978 | 261,260 | ||||||
REGENXBIO, Inc.(a)(b) | 55,510 | 1,797,414 | ||||||
Repligen Corp.(a) | 86,599 | 8,360,267 | ||||||
Replimune Group, Inc.(a) | 21,427 | 213,627 | ||||||
resTORbio, Inc.(a)(b) | 22,328 | 22,998 | ||||||
Retrophin, Inc.(a) | 68,425 | 998,321 | ||||||
Revolution Medicines, Inc.(a)(b) | 22,884 | 501,388 | ||||||
Rhythm Pharmaceuticals, Inc.(a) | 48,965 | 745,247 | ||||||
Rigel Pharmaceuticals, Inc.(a) | 271,933 | 424,215 | ||||||
Rocket Pharmaceuticals, Inc.(a)(b) | 51,974 | 725,037 | ||||||
Rockwell Medical, Inc.(a) | 106,485 | 218,294 | ||||||
RTI Surgical Holdings, Inc.(a)(b) | 92,564 | 158,284 | ||||||
Rubius Therapeutics, Inc.(a)(b) | 57,590 | 256,275 | ||||||
Sangamo Therapeutics, Inc.(a)(b) | 189,263 | 1,205,605 | ||||||
Satsuma Pharmaceuticals, Inc.(a)(b) | 7,679 | 165,252 | ||||||
Savara, Inc.(a)(b) | 57,789 | 122,513 |
6
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Biotechnology (continued) | ||||||||
Scholar Rock Holding Corp.(a)(b) | 28,887 | $ | 349,822 | |||||
Seres Therapeutics, Inc.(a)(b) | 61,899 | 220,979 | ||||||
Solid Biosciences, Inc.(a) | 58,032 | 138,696 | ||||||
Sorrento Therapeutics, Inc.(a)(b) | 218,321 | 401,711 | ||||||
Spero Therapeutics, Inc.(a)(b) | 21,972 | 177,534 | ||||||
SpringWorks Therapeutics, Inc.(a)(b) | 17,222 | 464,994 | ||||||
Stemline Therapeutics, Inc.(a)(b) | 74,116 | 358,721 | ||||||
Stoke Therapeutics, Inc.(a) | 27,533 | 630,506 | ||||||
Strongbridge Biopharma PLC(a) | 54,034 | 102,124 | ||||||
Sutro Biopharma, Inc.(a) | 18,288 | 186,538 | ||||||
Syneos Health, Inc.(a)(b) | 103,042 | 4,061,916 | ||||||
Synlogic, Inc.(a)(b) | 23,429 | 40,298 | ||||||
Syros Pharmaceuticals, Inc.(a)(b) | 57,690 | 342,102 | ||||||
TCR2 Therapeutics, Inc.(a)(b) | 17,804 | 137,803 | ||||||
Tocagen, Inc.(a)(b) | 31,275 | 38,156 | ||||||
Translate Bio, Inc.(a) | 57,091 | 569,197 | ||||||
Tricida, Inc.(a) | 36,012 | 792,264 | ||||||
Turning Point Therapeutics, Inc.(a)(b) | 46,546 | 2,078,744 | ||||||
Twist Bioscience Corp.(a)(b) | 43,318 | 1,324,664 | ||||||
Tyme Technologies, Inc.(a)(b) | 98,792 | 108,671 | ||||||
UNITY Biotechnology, Inc.(a)(b) | 45,242 | 262,404 | ||||||
UroGen Pharma Ltd.(a)(b) | 34,016 | 606,845 | ||||||
Vanda Pharmaceuticals, Inc.(a) | 85,779 | 888,670 | ||||||
VBI Vaccines, Inc.(a)(b) | 259,776 | 246,787 | ||||||
Veracyte, Inc.(a) | 77,499 | 1,884,001 | ||||||
Vericel Corp.(a)(b) | 73,917 | 677,819 | ||||||
Verrica Pharmaceuticals, Inc.(a) | 19,910 | 217,616 | ||||||
Viela Bio, Inc.(a)(b) | 8,924 | 339,112 | ||||||
Viking Therapeutics, Inc.(a) | 105,410 | 493,319 | ||||||
Vir Biotechnology, Inc.(a)(b) | 11,848 | 406,031 | ||||||
X4 Pharmaceuticals, Inc.(a)(b) | 24,590 | 245,900 | ||||||
XBiotech, Inc.(a) | 21,897 | 232,546 | ||||||
Xencor, Inc.(a) | 78,330 | 2,340,500 | ||||||
Xeris Pharmaceuticals, Inc.(a)(b) | 57,046 | 111,240 | ||||||
Y-mAbs Therapeutics, Inc.(a)(b) | 38,684 | 1,009,652 | ||||||
ZIOPHARM Oncology, Inc.(a)(b) | 301,860 | 739,557 | ||||||
|
| |||||||
218,231,753 | ||||||||
Building Materials — 1.2% | ||||||||
Armstrong Flooring, Inc.(a) | 25,819 | 36,921 | ||||||
BlueLinx Holdings, Inc.(a)(b) | 26,123 | 129,309 | ||||||
Builders FirstSource, Inc.(a) | 188,825 | 2,309,330 | ||||||
Caesarstone Ltd. | 37,682 | 398,299 | ||||||
Cornerstone Building Brands, Inc.(a) | 74,171 | 338,220 | ||||||
Gibraltar Industries, Inc.(a) | 54,130 | 2,323,259 | ||||||
Griffon Corp. | 60,529 | 765,692 | ||||||
Louisiana-Pacific Corp. | 187,954 | 3,229,050 | ||||||
Masonite International Corp.(a) | 41,584 | 1,973,161 | ||||||
Patrick Industries, Inc. | 37,373 | 1,052,424 | ||||||
PGT Innovations, Inc.(a) | 99,366 | 833,681 | ||||||
Quanex Building Products Corp. | 53,130 | 535,550 | ||||||
Simpson Manufacturing Co., Inc. | 74,107 | 4,593,152 | ||||||
Summit Materials, Inc., Class A(a)(b) | 188,559 | 2,828,385 |
Security | Shares | Value | ||||||
Building Materials (continued) | ||||||||
Trex Co., Inc.(a)(b) | 97,319 | $ | 7,799,144 | |||||
|
| |||||||
29,145,577 | ||||||||
Building: Climate Control — 0.2% | ||||||||
AAON, Inc. | 67,778 | 3,275,033 | ||||||
Comfort Systems USA, Inc. | 60,153 | 2,198,592 | ||||||
|
| |||||||
5,473,625 | ||||||||
Building: Roofing, Wallboard & Plumbing — 0.1% | ||||||||
Beacon Roofing Supply, Inc.(a) | 89,109 | 1,473,863 | ||||||
Forterra, Inc.(a)(b) | 30,724 | 183,730 | ||||||
Foundation Building Materials, Inc.(a)(b) | 34,225 | 352,175 | ||||||
JELD-WEN Holding, Inc.(a)(b) | 112,200 | 1,091,706 | ||||||
|
| |||||||
3,101,474 | ||||||||
Cable Television Services — 0.1% | ||||||||
Liberty Latin America Ltd., Class A(a)(b) | 74,340 | 782,057 | ||||||
Liberty Latin America Ltd., Class C(a)(b) | 191,774 | 1,967,601 | ||||||
WideOpenWest, Inc.(a) | 39,377 | 187,435 | ||||||
|
| |||||||
2,937,093 | ||||||||
Casinos & Gambling — 0.3% | ||||||||
Boyd Gaming Corp. | 134,007 | 1,932,381 | ||||||
Century Casinos, Inc.(a)(b) | 44,745 | 107,835 | ||||||
Eldorado Resorts, Inc.(a) | 108,687 | 1,565,093 | ||||||
Inspired Entertainment, Inc.(a)(b) | 13,208 | 44,643 | ||||||
Monarch Casino & Resort, Inc.(a) | 20,938 | 587,730 | ||||||
Penn National Gaming, Inc.(a) | 182,823 | 2,312,711 | ||||||
Scientific Games Corp., Class A(a)(b) | 93,053 | 902,614 | ||||||
Twin River Worldwide Holdings, Inc. | 28,929 | 376,366 | ||||||
|
| |||||||
7,829,373 | ||||||||
Cement — 0.0% | ||||||||
Concrete Pumping Holdings, Inc.(a)(b) | 40,542 | 115,950 | ||||||
US Concrete, Inc.(a) | 25,991 | 471,477 | ||||||
|
| |||||||
587,427 | ||||||||
Chemicals: Diversified — 0.6% | ||||||||
AdvanSix, Inc.(a)(b) | 45,379 | 432,916 | ||||||
American Vanguard Corp. | 46,929 | 678,593 | ||||||
CSW Industrials, Inc. | 25,615 | 1,661,133 | ||||||
GCP Applied Technologies, Inc.(a) | 92,316 | 1,643,225 | ||||||
Hawkins, Inc. | 18,256 | 649,913 | ||||||
Ingevity Corp.(a) | 69,899 | 2,460,445 | ||||||
Landec Corp.(a)(b) | 40,785 | 354,422 | ||||||
LSB Industries, Inc.(a) | 32,481 | 68,210 | ||||||
Marrone Bio Innovations, Inc.(a)(b) | 74,453 | 60,821 | ||||||
OMNOVA Solutions, Inc.(a) | 70,989 | 719,828 | ||||||
PolyOne Corp. | 153,100 | 2,904,307 | ||||||
Rayonier Advanced Materials, Inc. | 74,401 | 78,865 |
7
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Chemicals: Diversified (continued) | ||||||||
Sensient Technologies Corp. | 70,346 | $ | 3,060,754 | |||||
|
| |||||||
14,773,432 | ||||||||
Chemicals: Specialty — 0.8% | ||||||||
A. Schulman, Inc.(c) | 28,192 | 12,207 | ||||||
Advanced Emissions Solutions, Inc. | 25,557 | 167,910 | ||||||
Amyris, Inc.(a)(b) | 100,329 | 256,842 | ||||||
Balchem Corp. | 53,342 | 5,265,922 | ||||||
FutureFuel Corp. | 42,590 | 479,989 | ||||||
Innospec, Inc. | 40,186 | 2,792,525 | ||||||
Kraton Corp.(a)(b) | 50,976 | 412,906 | ||||||
Livent Corp.(a)(b) | 243,735 | 1,279,609 | ||||||
Orion Engineered Carbons SA | 100,081 | 746,604 | ||||||
Park Aerospace Corp. | 30,993 | 390,512 | ||||||
PQ Group Holdings, Inc.(a) | 67,280 | 733,352 | ||||||
Quaker Chemical Corp.(b) | 21,711 | 2,741,665 | ||||||
Stepan Co. | 33,911 | 2,999,767 | ||||||
Tronox Holdings PLC, Class A(a) | 151,600 | 754,968 | ||||||
Valhi, Inc. | 42,640 | 43,919 | ||||||
|
| |||||||
19,078,697 | ||||||||
Coal — 0.1% | ||||||||
Arch Coal, Inc., Class A | 24,807 | 716,922 | ||||||
CONSOL Energy, Inc.(a)(b) | 41,675 | 153,781 | ||||||
Contura Energy, Inc.(a)(b) | 28,968 | 68,075 | ||||||
Hallador Energy Co. | 30,352 | 28,801 | ||||||
Peabody Energy Corp. | 109,233 | 316,776 | ||||||
Ramaco Resources, Inc.(a) | 10,891 | 26,029 | ||||||
Warrior Met Coal, Inc. | 83,181 | 883,382 | ||||||
|
| |||||||
2,193,766 | ||||||||
Commercial Banks — 0.0% | ||||||||
HomeTrust Bancshares, Inc. | 25,769 | 410,242 | ||||||
|
| |||||||
Commercial Finance & Mortgage Companies — 0.2% | ||||||||
Federal Agricultural Mortgage Corp., Class C | 14,929 | 830,500 | ||||||
Medallion Financial Corp.(a) | 31,714 | 58,988 | ||||||
Meta Financial Group, Inc.(b) | 55,817 | 1,212,345 | ||||||
MMA Capital Holdings, Inc.(a) | 7,816 | 193,290 | ||||||
On Deck Capital, Inc.(a)(b) | 101,310 | 156,017 | ||||||
PennyMac Financial Services, Inc.(f) | 3,162 | 69,912 | ||||||
RE/MAX Holdings, Inc., Class A | 29,831 | 653,896 | ||||||
Velocity Financial, Inc.(a)(b) | 19,699 | 148,333 | ||||||
Walker & Dunlop, Inc. | 46,243 | 1,862,206 | ||||||
|
| |||||||
5,185,487 | ||||||||
Commercial Services & Supplies — 0.1% | ||||||||
Collectors Universe, Inc. | 15,416 | 241,569 | ||||||
Information Services Group, Inc.(a) | 60,206 | 154,729 | ||||||
National Research Corp., Class A | 19,831 | 901,914 | ||||||
|
| |||||||
1,298,212 | ||||||||
Commercial Services: Rental & Leasing — 0.8% | ||||||||
CAI International, Inc.(a) | 26,530 | 375,134 |
Security | Shares | Value | ||||||
Commercial Services: Rental & Leasing (continued) | ||||||||
GATX Corp. | 57,937 | $ | 3,624,539 | |||||
GMS, Inc.(a) | 69,670 | 1,095,909 | ||||||
H&E Equipment Services, Inc. | 56,219 | 825,295 | ||||||
Herc Holdings, Inc.(a) | 39,288 | 803,833 | ||||||
Marlin Business Services Corp. | 13,753 | 153,621 | ||||||
McGrath RentCorp | 40,743 | 2,134,118 | ||||||
Mobile Mini, Inc. | 72,701 | 1,906,947 | ||||||
NOW, Inc.(a)(b) | 176,232 | 909,357 | ||||||
Rush Enterprises, Inc., Class B | 6,485 | 197,857 | ||||||
SiteOne Landscape Supply, Inc.(a)(b) | 67,749 | 4,987,682 | ||||||
Triton International Ltd. | 89,493 | 2,315,184 | ||||||
Willis Lease Finance Corp.(a) | 4,940 | 131,404 | ||||||
WillScot Corp.(a) | 86,217 | 873,378 | ||||||
|
| |||||||
20,334,258 | ||||||||
Commercial Vehicles & Parts — 0.3% | ||||||||
Blue Bird Corp.(a) | 24,212 | 264,637 | ||||||
Commercial Vehicle Group, Inc.(a) | 47,027 | 71,011 | ||||||
Cooper-Standard Holdings, Inc.(a) | 27,653 | 283,996 | ||||||
Miller Industries, Inc. | 18,114 | 512,264 | ||||||
Modine Manufacturing Co.(a) | 80,864 | 262,808 | ||||||
Motorcar Parts of America, Inc.(a)(b) | 30,641 | 385,464 | ||||||
Navistar International Corp.(a)(b) | 82,421 | 1,359,122 | ||||||
REV Group, Inc. | 59,293 | 247,252 | ||||||
Rush Enterprises, Inc., Class A(b) | 45,505 | 1,452,520 | ||||||
Spartan Motors, Inc.(b) | 55,338 | 714,414 | ||||||
Wabash National Corp. | 85,847 | 619,815 | ||||||
|
| |||||||
6,173,303 | ||||||||
Communications Technology — 1.3% | ||||||||
ADTRAN, Inc. | 77,478 | 595,031 | ||||||
Anixter International, Inc.(a) | 50,523 | 4,439,456 | ||||||
Anterix, Inc.(b) | 18,124 | 827,723 | ||||||
Avaya Holdings Corp.(a)(b) | 158,518 | 1,282,411 | ||||||
Bandwidth, Inc., Class A(a)(b) | 27,352 | 1,840,516 | ||||||
Bel Fuse, Inc., Class B | 14,803 | 144,181 | ||||||
Calix, Inc.(a) | 75,709 | 536,020 | ||||||
Casa Systems, Inc.(a) | 68,289 | 239,011 | ||||||
Comtech Telecommunications Corp. | 38,528 | 512,037 | ||||||
DASAN Zhone Solutions, Inc.(a)(b) | 11,498 | 48,177 | ||||||
Digi International, Inc.(a) | 52,936 | 505,009 | ||||||
Extreme Networks, Inc.(a) | 192,258 | 594,077 | ||||||
GSI Technology, Inc.(a)(b) | 24,864 | 173,053 | ||||||
Harmonic, Inc.(a)(b) | 145,984 | 840,868 | ||||||
Infinera Corp.(a)(b) | 303,619 | 1,609,181 | ||||||
Inseego Corp.(a) | 74,018 | 461,132 | ||||||
Intelsat SA(a)(b) | 112,083 | 171,487 | ||||||
InterDigital, Inc. | 51,865 | 2,314,735 | ||||||
KVH Industries, Inc.(a) | 27,118 | 255,723 | ||||||
Loral Space & Communications, Inc.(a) | 20,856 | 338,910 | ||||||
Lumentum Holdings, Inc.(a) | 124,010 | 9,139,537 | ||||||
Maxar Technologies, Inc.(a) | 102,935 | 1,099,346 | ||||||
NeoPhotonics Corp.(a) | 64,901 | 470,532 | ||||||
NETGEAR, Inc.(a)(b) | 49,352 | 1,127,200 |
8
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Communications Technology (continued) | ||||||||
Ooma, Inc.(a) | 38,535 | $ | 459,722 | |||||
Pareteum Corp.(a)(b) | 217,258 | 89,510 | ||||||
Plantronics, Inc. | 56,593 | 569,326 | ||||||
Ribbon Communications, Inc.(a) | 102,752 | 311,339 | ||||||
Telenav, Inc.(a)(b) | 55,325 | 239,004 | ||||||
|
| |||||||
31,234,254 | ||||||||
Computer Services Software & Systems — 6.4% | ||||||||
A10 Networks, Inc.(a)(b) | 85,422 | 530,471 | ||||||
ACI Worldwide, Inc.(a)(b) | 190,727 | 4,606,057 | ||||||
Alarm.com Holdings, Inc.(a) | 61,037 | 2,374,950 | ||||||
Altair Engineering, Inc., Class A(a)(b) | 66,290 | 1,756,685 | ||||||
American Software, Inc., Class A | 48,228 | 685,320 | ||||||
Appfolio, Inc., Class A(a)(b) | 25,939 | 2,877,932 | ||||||
Appian Corp.(a)(b) | 57,279 | 2,304,334 | ||||||
Avid Technology, Inc.(a)(b) | 47,757 | 321,405 | ||||||
Benefitfocus, Inc.(a)(b) | 48,036 | 428,001 | ||||||
Blackbaud, Inc.(b) | 81,206 | 4,510,993 | ||||||
Blackline, Inc.(a)(b) | 71,782 | 3,776,451 | ||||||
Blucora, Inc.(a) | 81,085 | 977,074 | ||||||
Bottomline Technologies DE, Inc.(a) | 71,932 | 2,636,308 | ||||||
Box, Inc., Class A(a) | 243,010 | 3,411,860 | ||||||
Brightcove, Inc.(a)(b) | 65,201 | 454,451 | ||||||
Cargurus, Inc.(a)(b) | 126,172 | 2,389,698 | ||||||
Cloudera, Inc.(a)(b) | 412,014 | 3,242,550 | ||||||
CommVault Systems, Inc.(a)(b) | 70,486 | 2,853,273 | ||||||
ComScore, Inc.(a)(b) | 84,033 | 236,973 | ||||||
Cornerstone OnDemand, Inc.(a) | 95,142 | 3,020,758 | ||||||
CSG Systems International, Inc. | 54,412 | 2,277,142 | ||||||
Digimarc Corp.(a)(b) | 19,450 | 253,823 | ||||||
Digital Turbine, Inc.(a) | 127,294 | 548,637 | ||||||
Domo, Inc., Class B(a)(b) | 30,276 | 300,943 | ||||||
Ebix, Inc.(b) | 39,046 | 592,718 | ||||||
Endurance International Group Holdings, Inc.(a) | 117,772 | 227,300 | ||||||
Envestnet, Inc.(a)(b) | 80,001 | 4,302,454 | ||||||
ePlus, Inc.(a) | 21,856 | 1,368,623 | ||||||
Eventbrite, Inc., Class A(a) | 59,106 | 431,474 | ||||||
Everbridge, Inc.(a)(b) | 55,086 | 5,858,947 | ||||||
EverQuote, Inc., Class A(a) | 14,495 | 380,494 | ||||||
Evolent Health, Inc., Class A(a) | 123,344 | 669,758 | ||||||
ForeScout Technologies, Inc.(a)(b) | 71,770 | 2,267,214 | ||||||
Groupon, Inc.(a) | 753,835 | 738,909 | ||||||
GTY Technology Holdings, Inc.(a) | 65,280 | 295,066 | ||||||
Ideanomics, Inc.(a) | 163,721 | 219,386 | ||||||
Inovalon Holdings, Inc., Class A(a)(b) | 120,117 | 2,001,149 | ||||||
Intelligent Systems Corp.(a)(b) | 10,835 | 368,282 | ||||||
Leaf Group Ltd.(a) | 25,791 | 34,560 | ||||||
Limelight Networks, Inc.(a)(b) | 192,560 | 1,097,592 | ||||||
LivePerson, Inc.(a)(b) | 102,982 | 2,342,840 | ||||||
LiveRamp Holdings, Inc.(a)(b) | 111,896 | 3,683,616 | ||||||
Majesco(a) | 11,110 | 60,661 | ||||||
ManTech International Corp., Class A | 44,737 | 3,251,038 | ||||||
Meet Group, Inc.(a)(b) | 110,011 | 645,765 |
Security | Shares | Value | ||||||
Computer Services Software & Systems (continued) | ||||||||
Mercury Systems, Inc.(a)(b) | 89,863 | $ | 6,410,826 | |||||
MicroStrategy, Inc., Class A(a) | 13,575 | 1,603,208 | ||||||
Mitek Systems, Inc.(a) | 36,057 | 284,129 | ||||||
NetScout Systems, Inc.(a) | 117,527 | 2,781,864 | ||||||
NIC, Inc. | 110,469 | 2,540,787 | ||||||
OneSpan, Inc.(a) | 57,392 | 1,041,665 | ||||||
PAR Technology Corp.(a) | 19,023 | 244,636 | ||||||
Parsons Corp.(a) | 32,244 | 1,030,518 | ||||||
PDF Solutions, Inc.(a) | 46,156 | 540,948 | ||||||
Perficient, Inc.(a) | 52,793 | 1,430,162 | ||||||
Perspecta, Inc. | 231,767 | 4,227,430 | ||||||
Phunware, Inc.(a) | 46,302 | 31,254 | ||||||
Ping Identity Holding Corp.(a) | 22,781 | 456,076 | ||||||
Progress Software Corp. | 74,736 | 2,391,552 | ||||||
PROS Holdings, Inc.(a) | 56,504 | 1,753,319 | ||||||
Q2 Holdings, Inc.(a) | 72,372 | 4,274,290 | ||||||
QAD, Inc., Class A | 19,211 | 767,095 | ||||||
Rapid7, Inc.(a) | 81,745 | 3,542,011 | ||||||
Rimini Street, Inc.(a) | 29,448 | 120,442 | ||||||
SailPoint Technologies Holding, Inc.(a)(b) | 144,150 | 2,193,963 | ||||||
Schrodinger, Inc.(a)(b) | 24,280 | 1,046,954 | ||||||
Science Applications International Corp. | 95,819 | 7,150,972 | ||||||
SecureWorks Corp., Class A(a)(b) | 12,735 | 146,580 | ||||||
SharpSpring, Inc.(a)(b) | 15,791 | 95,693 | ||||||
ShotSpotter, Inc.(a) | 13,316 | 365,924 | ||||||
Shutterstock, Inc. | 31,932 | 1,026,933 | ||||||
Simulations Plus, Inc. | 19,515 | 681,464 | ||||||
Sprout Social, Inc., Class A(a) | 15,378 | 245,433 | ||||||
SPS Commerce, Inc.(a) | 57,971 | 2,696,231 | ||||||
SVMK, Inc.(a) | 146,541 | 1,979,769 | ||||||
Synchronoss Technologies, Inc.(a)(b) | 64,512 | 196,762 | ||||||
TechTarget, Inc.(a) | 38,217 | 787,652 | ||||||
Telaria, Inc.(a)(b) | 74,988 | 449,928 | ||||||
Tenable Holdings, Inc.(a)(b) | 62,579 | 1,367,977 | ||||||
TiVo Corp.(b) | 206,733 | 1,463,670 | ||||||
Travelzoo(a) | 7,629 | 29,982 | ||||||
Tucows, Inc., Class A(a) | 16,872 | 814,243 | ||||||
Unisys Corp.(a) | 78,964 | 975,205 | ||||||
Upland Software, Inc.(a)(b) | 37,665 | 1,010,175 | ||||||
Upwork, Inc.(a)(b) | 96,019 | 619,323 | ||||||
Varonis Systems, Inc.(a)(b) | 49,954 | 3,180,571 | ||||||
Verint Systems, Inc.(a)(b) | 110,122 | 4,735,246 | ||||||
Verra Mobility Corp.(a) | 216,883 | 1,548,545 | ||||||
VirnetX Holding Corp.(a)(b) | 101,386 | 554,581 | ||||||
Virtusa Corp.(a)(b) | 47,646 | 1,353,146 | ||||||
Workiva, Inc.(a) | 60,979 | 1,971,451 | ||||||
Yelp, Inc.(a) | 114,379 | 2,062,253 | ||||||
Yext, Inc.(a)(b) | 163,382 | 1,664,863 | ||||||
Zix Corp.(a)(b) | 86,360 | 372,212 |
9
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Computer Services Software & Systems (continued) | ||||||||
Zuora, Inc., Class A(a) | 145,563 | $ | 1,171,782 | |||||
|
| |||||||
157,045,630 | ||||||||
Computer Technology — 0.4% | ||||||||
3D Systems Corp.(a)(b) | 190,993 | 1,472,556 | ||||||
AstroNova, Inc. | 10,458 | 81,154 | ||||||
Diebold Nixdorf, Inc.(a) | 124,225 | 437,272 | ||||||
Immersion Corp.(a)(b) | 49,155 | 263,471 | ||||||
Impinj, Inc.(a) | 27,541 | 460,210 | ||||||
Insight Enterprises, Inc.(a)(b) | 58,776 | 2,476,233 | ||||||
PC Connection, Inc. | 20,202 | 832,524 | ||||||
Safeguard Scientifics, Inc. | 31,399 | 174,264 | ||||||
Stratasys Ltd.(a) | 85,325 | 1,360,934 | ||||||
Synaptics, Inc.(a) | 57,093 | 3,303,972 | ||||||
|
| |||||||
10,862,590 | ||||||||
Construction — 0.5% | ||||||||
Aegion Corp.(a)(b) | 49,279 | 883,572 | ||||||
Construction Partners, Inc., Class A(a) | 31,079 | 524,924 | ||||||
EMCOR Group, Inc. | 92,398 | 5,665,845 | ||||||
Granite Construction, Inc. | 78,177 | 1,186,727 | ||||||
Great Lakes Dredge & Dock Corp.(a) | 98,553 | 817,990 | ||||||
Primoris Services Corp. | 72,902 | 1,159,142 | ||||||
Sterling Construction Co., Inc.(a)(b) | 42,389 | 402,696 | ||||||
Tutor Perini Corp.(a)(b) | 64,754 | 435,147 | ||||||
|
| |||||||
11,076,043 | ||||||||
Consumer Electronics — 0.2% | ||||||||
Fitbit, Inc., Series A(a)(b) | 388,085 | 2,584,646 | ||||||
Sonos, Inc.(a)(b) | 132,572 | 1,124,210 | ||||||
Universal Electronics, Inc.(a)(b) | 23,610 | 905,916 | ||||||
ZAGG, Inc.(a)(b) | 47,128 | 146,568 | ||||||
|
| |||||||
4,761,340 | ||||||||
Consumer Lending — 0.5% | ||||||||
Curo Group Holdings Corp. | 26,324 | 139,517 | ||||||
Elevate Credit, Inc.(a)(b) | 36,127 | 37,572 | ||||||
Encore Capital Group, Inc.(a) | 52,728 | 1,232,781 | ||||||
Enova International, Inc.(a)(b) | 52,470 | 760,290 | ||||||
Ezcorp, Inc., Class A(a)(b) | 85,294 | 355,676 | ||||||
FirstCash, Inc.(b) | 68,604 | 4,921,651 | ||||||
Marcus & Millichap, Inc.(a) | 39,747 | 1,077,144 | ||||||
Nelnet, Inc., Class A | 30,554 | 1,387,457 | ||||||
Oportun Financial Corp.(a)(b) | 11,594 | 122,317 | ||||||
PRA Group, Inc.(a)(b) | 74,730 | 2,071,516 | ||||||
Regional Management Corp.(a) | 14,161 | 193,439 | ||||||
World Acceptance Corp.(a) | 9,155 | 499,954 | ||||||
|
| |||||||
12,799,314 | ||||||||
Consumer Services: Miscellaneous — 0.2% | ||||||||
Cars.com, Inc.(a) | 108,635 | 467,131 | ||||||
Chuy’s Holdings, Inc.(a)(b) | 27,191 | 273,813 | ||||||
Core-Mark Holding Co., Inc. | 75,061 | 2,144,493 | ||||||
Waitr Holdings, Inc.(a) | 96,783 | 119,043 |
Security | Shares | Value | ||||||
Consumer Services: Miscellaneous (continued) | ||||||||
WW International, Inc.(a)(b) | 76,973 | $ | 1,301,613 | |||||
|
| |||||||
4,306,093 | ||||||||
Containers & Packaging — 0.1% | ||||||||
Greif, Inc., Class A | 42,707 | 1,327,761 | ||||||
Greif, Inc., Class B | 9,682 | 387,861 | ||||||
Myers Industries, Inc. | 63,571 | 683,388 | ||||||
UFP Technologies, Inc.(a) | 11,366 | 432,931 | ||||||
Veritiv Corp.(a) | 21,591 | 169,705 | ||||||
|
| |||||||
3,001,646 | ||||||||
Cosmetics — 0.1% | ||||||||
elf Beauty, Inc.(a) | 42,700 | 420,168 | ||||||
Inter Parfums, Inc. | 30,254 | 1,402,273 | ||||||
Revlon, Inc., Class A(a)(b) | 10,960 | 119,793 | ||||||
|
| |||||||
1,942,234 | ||||||||
Diversified Financial Services — 0.8% | ||||||||
Alerus Financial Corp. | 5,851 | 96,658 | ||||||
Altisource Portfolio Solutions SA(a) | 8,939 | 68,562 | ||||||
Associated Capital Group, Inc., Class A | 3,113 | 95,258 | ||||||
Cannae Holdings, Inc.(a) | 122,343 | 4,097,267 | ||||||
Greenhill & Co., Inc.(b) | 25,163 | 247,604 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 104,933 | 2,141,683 | ||||||
Houlihan Lokey, Inc. | 70,767 | 3,688,376 | ||||||
MBIA, Inc.(a) | 128,495 | 917,454 | ||||||
MidWestOne Financial Group, Inc. | 20,758 | 434,672 | ||||||
Moelis & Co., Class A | 79,956 | 2,246,764 | ||||||
Piper Sandler Cos | 22,176 | 1,121,440 | ||||||
Stifel Financial Corp. | 110,907 | 4,578,241 | ||||||
Tiptree, Inc. | 40,194 | 209,813 | ||||||
|
| |||||||
19,943,792 | ||||||||
Diversified Manufacturing Operations — 0.6% | ||||||||
Barnes Group, Inc.(b) | 78,156 | 3,269,266 | ||||||
Enerpac Tool Group Corp.(b) | 91,517 | 1,514,606 | ||||||
Federal Signal Corp. | 99,688 | 2,719,489 | ||||||
Harsco Corp.(a)(b) | 129,418 | 902,044 | ||||||
Luxfer Holdings PLC | 44,837 | 633,995 | ||||||
Lydall, Inc.(a) | 28,753 | 185,744 | ||||||
OSI Systems, Inc.(a) | 27,823 | 1,917,561 | ||||||
Raven Industries, Inc. | 59,074 | 1,254,141 | ||||||
Standex International Corp. | 21,467 | 1,052,312 | ||||||
TriMas Corp.(a) | 73,969 | 1,708,684 | ||||||
|
| |||||||
15,157,842 | ||||||||
Diversified Materials & Processing — 0.4% | ||||||||
Belden, Inc.(b) | 64,704 | 2,334,520 | ||||||
Cabot Microelectronics Corp. | 47,978 | 5,476,209 | ||||||
Encore Wire Corp. | 33,484 | 1,405,993 | ||||||
Energous Corp.(a)(b) | 41,531 | 30,858 | ||||||
Insteel Industries, Inc. | 29,997 | 397,460 | ||||||
Koppers Holdings, Inc.(a) | 30,470 | 376,914 | ||||||
NL Industries, Inc. | 9,941 | 29,624 |
10
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Diversified Materials & Processing (continued) | ||||||||
Synalloy Corp.(a) | 14,455 | $ | 126,192 | |||||
Tredegar Corp. | 42,104 | 658,086 | ||||||
Uranium Energy Corp.(a)(b) | 312,544 | 175,025 | ||||||
|
| |||||||
11,010,881 | ||||||||
Diversified Media — 0.0% | ||||||||
EW Scripps Co., Class A | 95,930 | 723,312 | ||||||
Hemisphere Media Group, Inc.(a)(b) | 25,247 | 215,610 | ||||||
|
| |||||||
938,922 | ||||||||
Diversified Retail — 0.4% | ||||||||
Big Lots, Inc. | 65,186 | 926,945 | ||||||
BJ’s Wholesale Club Holdings, Inc.(a)(b) | 184,964 | 4,711,033 | ||||||
Dillard’s, Inc., Class A(b) | 16,152 | 596,816 | ||||||
Duluth Holdings, Inc., Class B(a)(b) | 16,032 | 64,288 | ||||||
Gaia, Inc.(a)(b) | 16,011 | 142,178 | ||||||
Hudson Ltd., Class A(a)(b) | 64,021 | 321,386 | ||||||
JC Penney Co., Inc.(a)(b) | 533,459 | 192,045 | ||||||
PriceSmart, Inc. | 37,188 | 1,954,229 | ||||||
Stitch Fix, Inc., Class A(a)(b) | 72,850 | 925,195 | ||||||
Winmark Corp. | 3,840 | 489,293 | ||||||
Youngevity International, Inc.(a) | 12,324 | 8,627 | ||||||
|
| |||||||
10,332,035 | ||||||||
Drug & Grocery Store Chains — 0.2% | ||||||||
Ingles Markets, Inc., Class A | 25,187 | 910,762 | ||||||
PetMed Express, Inc. | 32,514 | 935,753 | ||||||
Rite Aid Corp.(a) | 91,663 | 1,374,945 | ||||||
Village Super Market, Inc., Class A | 13,373 | 328,708 | ||||||
Weis Markets, Inc. | 15,506 | 645,980 | ||||||
|
| |||||||
4,196,148 | ||||||||
Education Services — 0.9% | ||||||||
Adtalem Global Education, Inc.(a) | 87,839 | 2,353,207 | ||||||
American Public Education, Inc.(a) | 25,183 | 602,629 | ||||||
Chegg, Inc.(a) | 196,214 | 7,020,537 | ||||||
Franklin Covey Co.(a) | 16,351 | 254,094 | ||||||
HealthStream, Inc.(a) | 42,758 | 1,024,054 | ||||||
Houghton Mifflin Harcourt Co.(a)(b) | 168,414 | 316,618 | ||||||
K12, Inc.(a)(b) | 65,171 | 1,229,125 | ||||||
Laureate Education, Inc., Class A(a) | 190,564 | 2,002,828 | ||||||
Perdoceo Education Corp.(a)(b) | 113,606 | 1,225,809 | ||||||
Rosetta Stone, Inc.(a)(b) | 33,771 | 473,469 | ||||||
Strategic Education, Inc. | 35,293 | 4,932,550 | ||||||
|
| |||||||
21,434,920 | ||||||||
Electronic Components — 1.0% | ||||||||
Acacia Research Corp.(a) | 15,133 | 33,595 | ||||||
American Superconductor Corp.(a)(b) | 37,058 | 203,078 | ||||||
KEMET Corp. | 95,655 | 2,311,025 | ||||||
Methode Electronics, Inc. | 62,071 | 1,640,537 | ||||||
Novanta, Inc.(a) | 55,551 | 4,437,414 | ||||||
NVE Corp. | 9,238 | 480,653 | ||||||
Rogers Corp.(a)(b) | 30,706 | 2,899,261 |
Security | Shares | Value | ||||||
Electronic Components (continued) | ||||||||
Sanmina Corp.(a)(b) | 113,654 | $ | 3,100,481 | |||||
ScanSource, Inc.(a) | 41,439 | 886,380 | ||||||
Tech Data Corp.(a) | 58,811 | 7,695,419 | ||||||
TTM Technologies, Inc.(a) | 163,682 | 1,692,472 | ||||||
|
| |||||||
25,380,315 | ||||||||
Electronic Entertainment — 0.1% | ||||||||
Glu Mobile, Inc.(a) | 192,326 | 1,209,730 | ||||||
PlayAGS, Inc.(a) | 44,145 | 116,984 | ||||||
PolarityTE, Inc.(a) | 44,132 | 47,663 | ||||||
|
| |||||||
1,374,377 | ||||||||
Electronics — 0.5% | ||||||||
Agilysys, Inc.(a)(b) | 34,408 | 574,614 | ||||||
Coda Octopus Group, Inc.(a)(b) | 11,217 | 62,927 | ||||||
Daktronics, Inc. | 60,802 | 299,754 | ||||||
II-VI, Inc.(a) | 149,725 | 4,267,163 | ||||||
Integer Holdings Corp.(a) | 53,897 | 3,387,965 | ||||||
iRobot Corp.(a)(b) | 46,078 | 1,884,590 | ||||||
Iteris, Inc.(a)(b) | 62,088 | 198,682 | ||||||
nLight, Inc.(a)(b) | 53,453 | 560,722 | ||||||
|
| |||||||
11,236,417 | ||||||||
Energy Equipment — 0.5% | ||||||||
Arcosa, Inc. | 80,474 | 3,198,037 | ||||||
Bloom Energy Corp., Class A(a)(b) | 89,116 | 466,076 | ||||||
Enphase Energy, Inc.(a)(b) | 152,296 | 4,917,638 | ||||||
Matador Resources Co.(a)(b) | 179,682 | 445,611 | ||||||
SunPower Corp.(a)(b) | 124,383 | 630,622 | ||||||
Sunrun, Inc.(a) | 190,670 | 1,925,767 | ||||||
TPI Composites, Inc.(a)(b) | 51,141 | 755,864 | ||||||
|
| |||||||
12,339,615 | ||||||||
Energy Equipment & Services — 0.0% | ||||||||
Geospace Technologies Corp.(a)(b) | 20,499 | 131,194 | ||||||
|
| |||||||
Engineering & Contracting Services — 1.0% | ||||||||
Argan, Inc. | 24,425 | 844,372 | ||||||
Dycom Industries, Inc.(a) | 51,667 | 1,325,259 | ||||||
Exponent, Inc. | 85,624 | 6,157,222 | ||||||
IES Holdings, Inc.(a)(b) | 13,627 | 240,517 | ||||||
KBR, Inc. | 234,713 | 4,853,865 | ||||||
MasTec, Inc.(a) | 100,204 | 3,279,677 | ||||||
Mistras Group, Inc.(a) | 27,467 | 117,009 | ||||||
MYR Group, Inc.(a) | 25,929 | 679,080 | ||||||
Tetra Tech, Inc. | 90,357 | 6,381,011 | ||||||
VSE Corp. | 14,607 | 239,409 | ||||||
Willdan Group, Inc.(a)(b) | 16,480 | 352,178 | ||||||
|
| |||||||
24,469,599 | ||||||||
Entertainment — 0.1% | ||||||||
AMC Entertainment Holdings, Inc., Class A(b) | 84,176 | 265,996 | ||||||
Golden Entertainment, Inc.(a) | 27,635 | 182,667 | ||||||
IMAX Corp.(a) | 87,620 | 792,961 |
11
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Entertainment (continued) | ||||||||
LiveXLive Media, Inc.(a)(b) | 47,090 | $ | 74,402 | |||||
Reading International, Inc., Class A(a)(b) | 25,513 | 99,246 | ||||||
|
| |||||||
1,415,272 | ||||||||
Environmental, Maintenance, & Security Service — 0.9% | ||||||||
ABM Industries, Inc. | 112,143 | 2,731,804 | ||||||
BrightView Holdings, Inc.(a)(b) | 50,690 | 560,631 | ||||||
Brink’s Co. | 82,782 | 4,308,803 | ||||||
Charah Solutions, Inc.(a)(b) | 12,674 | 21,673 | ||||||
Healthcare Services Group, Inc. | 124,687 | 2,981,266 | ||||||
MSA Safety, Inc. | 58,500 | 5,920,200 | ||||||
SP Plus Corp.(a) | 37,668 | 781,611 | ||||||
UniFirst Corp.(b) | 25,058 | 3,786,013 | ||||||
|
| |||||||
21,092,001 | ||||||||
Fertilizers — 0.0% | ||||||||
Intrepid Potash, Inc.(a)(b) | 146,366 | 117,093 | ||||||
|
| |||||||
Financial Data & Systems — 0.4% | ||||||||
Cardtronics PLC, Class A(a)(b) | 61,113 | 1,278,484 | ||||||
Cass Information Systems, Inc. | 23,166 | 814,517 | ||||||
Donnelley Financial Solutions, Inc.(a) | 51,452 | 271,152 | ||||||
Everi Holdings, Inc.(a)(b) | 129,047 | 425,855 | ||||||
EVERTEC, Inc. | 100,150 | 2,276,410 | ||||||
Evo Payments, Inc., Class A(a) | 66,448 | 1,016,655 | ||||||
Green Dot Corp., Class A(a)(b) | 79,534 | 2,019,368 | ||||||
I3 Verticals, Inc., Class A(a) | 24,393 | 465,662 | ||||||
International Money Express, Inc.(a)(b) | 29,703 | 271,188 | ||||||
LendingClub Corp.(a) | 111,040 | 871,664 | ||||||
Paysign, Inc.(b) | 50,221 | 259,140 | ||||||
Priority Technology Holdings, Inc.(a)(b) | 9,786 | 18,985 | ||||||
Value Line, Inc. | 1,578 | 51,048 | ||||||
|
| |||||||
10,040,128 | ||||||||
Food & Staples Retailing — 0.0% | ||||||||
Natural Grocers by Vitamin Cottage, Inc. | 13,345 | 113,566 | ||||||
|
| |||||||
Foods — 1.2% | ||||||||
B&G Foods, Inc.(b) | 107,593 | 1,946,357 | ||||||
BellRing Brands, Inc., Class A(a) | 65,283 | 1,113,075 | ||||||
Bridgford Foods Corp.(a)(b) | 2,585 | 59,636 | ||||||
Chefs’ Warehouse, Inc.(a)(b) | 39,428 | 397,040 | ||||||
Freshpet, Inc.(a) | 57,332 | 3,661,795 | ||||||
HF Foods Group, Inc.(a) | 34,818 | 292,123 | ||||||
Hostess Brands, Inc.(a)(b) | 202,764 | 2,161,464 | ||||||
J&J Snack Foods Corp. | 25,072 | 3,033,712 | ||||||
John B Sanfilippo & Son, Inc. | 14,180 | 1,267,692 | ||||||
Lancaster Colony Corp. | 31,247 | 4,519,566 | ||||||
Medifast, Inc. | 18,242 | 1,140,125 | ||||||
Nature’s Sunshine Products, Inc.(a) | 12,706 | 103,300 | ||||||
Performance Food Group Co.(a) | 190,231 | 4,702,510 | ||||||
Seneca Foods Corp., Class A(a) | 10,989 | 437,143 | ||||||
Simply Good Foods Co.(a) | 136,616 | 2,631,224 | ||||||
SpartanNash Co. | 63,558 | 910,151 |
Security | Shares | Value | ||||||
Foods (continued) | ||||||||
Tootsie Roll Industries, Inc. | 28,211 | $ | 1,014,459 | |||||
United Natural Foods, Inc.(a) | 88,764 | 814,854 | ||||||
|
| |||||||
30,206,226 | ||||||||
Forest Products — 0.2% | ||||||||
Boise Cascade Co.(b) | 66,330 | 1,577,327 | ||||||
Universal Forest Products, Inc. | 98,513 | 3,663,699 | ||||||
|
| |||||||
5,241,026 | ||||||||
Forms & Bulk Printing Services — 0.1% | ||||||||
Deluxe Corp. | 70,180 | 1,819,767 | ||||||
Ennis, Inc. | 42,407 | 796,403 | ||||||
InnerWorkings, Inc.(a)(b) | 67,993 | 79,552 | ||||||
Quad/Graphics, Inc. | 51,505 | 129,793 | ||||||
RR Donnelley & Sons Co. | 108,819 | 104,303 | ||||||
|
| |||||||
2,929,818 | ||||||||
Fruit & Grain Processing — 0.0% | ||||||||
MGP Ingredients, Inc.(b) | 21,326 | 573,456 | ||||||
|
| |||||||
Funeral Parlors & Cemeteries — 0.2% | ||||||||
Carriage Services, Inc. | 26,969 | 435,549 | ||||||
Hillenbrand, Inc. | 121,651 | 2,324,751 | ||||||
Matthews International Corp., Class A | 50,485 | 1,221,232 | ||||||
|
| |||||||
3,981,532 | ||||||||
Gas Pipeline — 0.0% | ||||||||
Altus Midstream Co., Class A(a)(b) | 75,216 | 56,412 | ||||||
NextDecade Corp.(a) | 17,065 | 32,082 | ||||||
|
| |||||||
88,494 | ||||||||
Glass — 0.0% | ||||||||
Apogee Enterprises, Inc. | 43,337 | 902,276 | ||||||
|
| |||||||
Gold — 0.2% | ||||||||
Coeur Mining, Inc.(a)(b) | 394,712 | 1,267,025 | ||||||
Gold Resource Corp. | 98,445 | 270,724 | ||||||
Novagold Resources, Inc.(a)(b) | 386,202 | 2,850,171 | ||||||
|
| |||||||
4,387,920 | ||||||||
Health Care Equipment & Supplies — 0.1% | ||||||||
Inogen, Inc.(a) | 30,907 | 1,596,656 | ||||||
|
| |||||||
Health Care Facilities — 0.6% | ||||||||
Apollo Medical Holdings, Inc.(a) | 13,273 | 171,487 | ||||||
Brookdale Senior Living, Inc.(a) | 305,265 | 952,427 | ||||||
Ensign Group, Inc. | 83,871 | 3,154,388 | ||||||
Genesis Healthcare, Inc.(a)(b) | 126,184 | 106,323 | ||||||
Hanger, Inc.(a) | 59,772 | 931,248 | ||||||
Joint Corp.(a)(b) | 20,432 | 221,687 | ||||||
National HealthCare Corp. | 20,888 | 1,498,296 | ||||||
Select Medical Holdings Corp.(a) | 182,291 | 2,734,365 | ||||||
Tenet Healthcare Corp.(a) | 170,914 | 2,461,162 |
12
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Health Care Facilities (continued) | ||||||||
U.S. Physical Therapy, Inc. | 20,947 | $ | 1,445,343 | |||||
|
| |||||||
13,676,726 | ||||||||
Health Care Management Services — 0.2% | ||||||||
1Life Healthcare, Inc.(a) | 31,133 | 565,064 | ||||||
Computer Programs & Systems, Inc. | 20,333 | 452,409 | ||||||
Magellan Health, Inc.(a) | 36,109 | 1,737,204 | ||||||
Option Care Health, Inc.(a)(b) | 49,750 | 471,133 | ||||||
Progyny, Inc.(a)(b) | 19,196 | 406,763 | ||||||
Triple-S Management Corp., Class B(a) | 37,598 | 530,132 | ||||||
|
| |||||||
4,162,705 | ||||||||
Health Care Services — 3.4% | ||||||||
Accelerate Diagnostics, Inc.(a)(b) | 44,393 | 369,794 | ||||||
Addus HomeCare Corp.(a)(b) | 20,618 | 1,393,777 | ||||||
Allscripts Healthcare Solutions, Inc.(a)(b) | 268,045 | 1,887,037 | ||||||
Amedisys, Inc.(a) | 51,973 | 9,539,124 | ||||||
AMN Healthcare Services, Inc.(a) | 76,421 | 4,417,898 | ||||||
Cara Therapeutics, Inc.(a)(b) | 65,975 | 871,530 | ||||||
Catasys, Inc.(a)(b) | 11,039 | 168,124 | ||||||
CorVel Corp.(a) | 14,327 | 780,965 | ||||||
Cross Country Healthcare, Inc.(a) | 58,656 | 395,341 | ||||||
Flexion Therapeutics, Inc.(a)(b) | 54,132 | 426,019 | ||||||
Globus Medical, Inc., Class A(a) | 125,951 | 5,356,696 | ||||||
Health Catalyst, Inc.(b) | 30,819 | 805,917 | ||||||
HealthEquity, Inc.(a) | 114,873 | 5,811,425 | ||||||
HMS Holdings Corp.(a) | 145,799 | 3,684,341 | ||||||
LHC Group, Inc.(a) | 49,868 | 6,991,494 | ||||||
Livongo Health, Inc.(a)(b) | 86,555 | 2,469,414 | ||||||
NeoGenomics, Inc.(a)(b) | 157,935 | 4,360,585 | ||||||
NextGen Healthcare, Inc.(a) | 90,601 | 945,875 | ||||||
Omnicell, Inc.(a) | 68,547 | 4,495,312 | ||||||
OptimizeRx Corp.(a)(b) | 21,306 | 193,032 | ||||||
Pennant Group Inc.(a) | 42,196 | 597,495 | ||||||
Phibro Animal Health Corp., Class A | 33,892 | 819,170 | ||||||
Phreesia, Inc.(a) | 47,730 | 1,003,762 | ||||||
R1 RCM, Inc.(a)(b) | 170,660 | 1,551,299 | ||||||
Ryman Hospitality Properties, Inc. | 81,763 | 2,931,204 | ||||||
Surgery Partners, Inc.(a)(b) | 38,960 | 254,409 | ||||||
Tabula Rasa HealthCare, Inc.(a)(b) | 32,297 | 1,688,810 | ||||||
Teladoc Health, Inc.(a)(b) | 119,735 | 18,560,122 | ||||||
Tivity Health, Inc.(a)(b) | 76,770 | 482,883 | ||||||
|
| |||||||
83,252,854 | ||||||||
Health Care: Miscellaneous — 0.2% | ||||||||
Medpace Holdings, Inc.(a) | 45,730 | 3,355,667 | ||||||
Providence Service Corp.(a) | 20,284 | 1,113,186 | ||||||
|
| |||||||
4,468,853 | ||||||||
Home Building — 0.8% | ||||||||
Beazer Homes USA, Inc.(a)(b) | 46,913 | 302,120 | ||||||
Century Communities, Inc.(a)(b) | 46,521 | 675,020 | ||||||
Installed Building Products, Inc.(a) | 38,272 | 1,525,905 | ||||||
KB Home(b) | 143,766 | 2,602,164 |
Security | Shares | Value | ||||||
Home Building (continued) | ||||||||
Legacy Housing Corp.(a)(b) | 8,543 | $ | 79,023 | |||||
LGI Homes, Inc.(a) | 33,913 | 1,531,172 | ||||||
M/I Homes, Inc.(a) | 44,877 | 741,817 | ||||||
MDC Holdings, Inc. | 83,701 | 1,941,863 | ||||||
Meritage Homes Corp.(a) | 60,723 | 2,216,997 | ||||||
Taylor Morrison Home Corp., Class A(a)(b) | 216,341 | 2,379,751 | ||||||
TopBuild Corp.(a) | 55,419 | 3,970,217 | ||||||
TRI Pointe Group, Inc.(a)(b) | 228,350 | 2,002,629 | ||||||
|
| |||||||
19,968,678 | ||||||||
Hotel/Motel — 0.1% | ||||||||
Marcus Corp. | 36,803 | 453,413 | ||||||
Red Lion Hotels Corp.(a)(b) | 37,919 | 55,362 | ||||||
Red Rock Resorts, Inc., Class A | 115,663 | 988,918 | ||||||
|
| |||||||
1,497,693 | ||||||||
Household Appliances — 0.0% | ||||||||
Hamilton Beach Brands Holding Co., Class A | 9,881 | 93,969 | ||||||
National Presto Industries, Inc. | 8,409 | 595,441 | ||||||
|
| |||||||
689,410 | ||||||||
Household Equipment & Products — 0.7% | ||||||||
Central Garden & Pet Co.(a) | 18,844 | 518,210 | ||||||
Central Garden & Pet Co., Class A(a) | 66,023 | 1,688,208 | ||||||
Helen of Troy Ltd.(a)(b) | 41,617 | 5,994,097 | ||||||
Novocure Ltd.(a) | 144,015 | 9,697,970 | ||||||
Tupperware Brands Corp. | 85,836 | 139,054 | ||||||
|
| |||||||
18,037,539 | ||||||||
Household Furnishings — 0.3% | ||||||||
American Woodmark Corp.(a)(b) | 27,911 | 1,271,904 | ||||||
Bassett Furniture Industries, Inc. | 14,828 | 80,812 | ||||||
Casper Sleep, Inc.(a)(b) | 11,092 | 47,585 | ||||||
Ethan Allen Interiors, Inc. | 39,204 | 400,665 | ||||||
Flexsteel Industries, Inc. | 11,157 | 122,281 | ||||||
Hooker Furniture Corp. | 19,559 | 305,316 | ||||||
La-Z-Boy, Inc. | 76,317 | 1,568,314 | ||||||
Lifetime Brands, Inc. | 17,497 | 98,858 | ||||||
Lovesac Co.(a)(b) | 13,634 | 79,486 | ||||||
Purple Innovation, Inc.(a) | 13,115 | 74,493 | ||||||
RH(a)(b) | 28,040 | 2,817,179 | ||||||
Select Interior Concepts, Inc., Class A(a) | 31,954 | 66,145 | ||||||
Sleep Number Corp.(a) | 46,323 | 887,549 | ||||||
|
| |||||||
7,820,587 | ||||||||
Insurance: Life — 0.5% | ||||||||
American Equity Investment Life Holding Co.(b) | 134,382 | 2,526,381 | ||||||
Benefytt Technologies, Inc.(a)(b) | 15,894 | 355,867 | ||||||
Citizens, Inc.(a) | 80,383 | 524,097 | ||||||
CNO Financial Group, Inc. | 248,428 | 3,078,023 | ||||||
FBL Financial Group, Inc., Class A | 16,995 | 793,157 |
13
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Insurance: Life (continued) | ||||||||
FGL Holdings | 245,759 | $ | 2,408,438 | |||||
GWG Holdings, Inc.(a)(b) | 4,648 | 47,224 | ||||||
Independence Holding Co. | 9,140 | 233,618 | ||||||
National Western Life Group, Inc., Class A | 4,314 | 742,008 | ||||||
Third Point Reinsurance Ltd.(a) | 125,559 | 930,392 | ||||||
Trupanion, Inc.(a)(b) | 49,594 | 1,290,932 | ||||||
|
| |||||||
12,930,137 | ||||||||
Insurance: Multi-Line — 0.5% | ||||||||
BRP Group, Inc., Class A(a)(b) | 29,567 | 311,932 | ||||||
Crawford & Co., Class A | 29,182 | 210,110 | ||||||
eHealth, Inc.(a) | 37,850 | 5,330,037 | ||||||
Goosehead Insurance, Inc., Class A(a) | 19,160 | 855,111 | ||||||
Horace Mann Educators Corp. | 59,708 | 2,184,716 | ||||||
James River Group Holdings Ltd. | 48,683 | 1,764,272 | ||||||
Mr Cooper Group, Inc.(a)(b) | 126,064 | 924,049 | ||||||
PICO Holdings, Inc.(a) | 14,026 | 109,122 | ||||||
ProSight Global, Inc.(a)(b) | 15,941 | 155,425 | ||||||
Watford Holdings Ltd.(a) | 30,253 | 443,206 | ||||||
|
| |||||||
12,287,980 | ||||||||
Insurance: Property-Casualty — 2.1% | ||||||||
AMERISAFE, Inc. | 28,534 | 1,839,587 | ||||||
Argo Group International Holdings Ltd. | 55,296 | 2,049,270 | ||||||
Donegal Group, Inc., Class A | 20,078 | 305,186 | ||||||
Employers Holdings, Inc. | 36,372 | 1,473,430 | ||||||
Enstar Group Ltd.(a) | 19,346 | 3,076,981 | ||||||
Essent Group Ltd. | 160,158 | 4,218,562 | ||||||
FedNat Holding Co. | 19,373 | 222,402 | ||||||
Genworth Financial, Inc., Class A(a) | 845,131 | 2,805,835 | ||||||
Global Indemnity Ltd. | 13,789 | 351,619 | ||||||
Greenlight Capital Re Ltd., Class A(a) | 61,461 | 365,693 | ||||||
Hallmark Financial Services, Inc.(a) | 37,323 | 150,785 | ||||||
HCI Group, Inc. | 10,877 | 437,799 | ||||||
Heritage Insurance Holdings, Inc. | 45,012 | 482,078 | ||||||
Hilltop Holdings, Inc. | 119,208 | 1,802,425 | ||||||
Investors Title Co. | 3,034 | 388,352 | ||||||
Kinsale Capital Group, Inc. | 34,117 | 3,566,250 | ||||||
National General Holdings Corp. | 114,478 | 1,894,611 | ||||||
NI Holdings, Inc.(a) | 16,737 | 226,954 | ||||||
NMI Holdings, Inc., Class A(a) | 113,124 | 1,313,370 | ||||||
Palomar Holdings, Inc.(a) | 30,886 | 1,796,330 | ||||||
ProAssurance Corp. | 75,946 | 1,898,650 | ||||||
Protective Insurance Corp., Class B | 15,162 | 208,477 | ||||||
Radian Group, Inc. | 337,107 | 4,365,536 | ||||||
RLI Corp. | 66,406 | 5,839,079 | ||||||
Safety Insurance Group, Inc. | 24,279 | 2,049,876 | ||||||
Selective Insurance Group, Inc. | 97,678 | 4,854,596 | ||||||
State Auto Financial Corp. | 28,950 | 804,520 | ||||||
Stewart Information Services Corp. | 32,704 | 872,216 | ||||||
United Fire Group, Inc. | 35,885 | 1,170,210 | ||||||
United Insurance Holdings Corp. | 35,911 | 331,818 |
Security | Shares | Value | ||||||
Insurance: Property-Casualty (continued) | ||||||||
Universal Insurance Holdings, Inc. | 49,297 | $ | 883,402 | |||||
|
| |||||||
52,045,899 | ||||||||
International Trade & Diversified Logistic — 0.1% | ||||||||
CryoPort, Inc.(a)(b) | 52,134 | 889,927 | ||||||
Radiant Logistics, Inc.(a) | 75,533 | 292,313 | ||||||
Vectrus, Inc.(a) | 18,881 | 781,862 | ||||||
|
| |||||||
1,964,102 | ||||||||
Internet Software & Services — 0.1% | ||||||||
ChannelAdvisor Corp.(a) | 43,402 | 315,099 | ||||||
eGain Corp.(a)(b) | 34,204 | 250,715 | ||||||
Gogo, Inc.(a)(b) | 85,100 | 180,412 | ||||||
Quotient Technology, Inc.(a)(b) | 124,735 | 810,777 | ||||||
TrueCar, Inc.(a) | 171,450 | 414,909 | ||||||
|
| |||||||
1,971,912 | ||||||||
Leisure Time — 0.8% | ||||||||
Acushnet Holdings Corp. | 58,205 | 1,497,033 | ||||||
American Outdoor Brands Corp.(a) | 90,330 | 749,739 | ||||||
Bluegreen Vacations Corp. | 14,077 | 81,365 | ||||||
Callaway Golf Co. | 153,748 | 1,571,305 | ||||||
Churchill Downs, Inc. | 58,189 | 5,990,558 | ||||||
Clarus Corp.(b) | 31,194 | 305,701 | ||||||
Drive Shack, Inc.(a)(b) | 94,139 | 143,091 | ||||||
Escalade, Inc. | 15,982 | 95,093 | ||||||
Johnson Outdoors, Inc., Class A | 8,709 | 546,054 | ||||||
Liberty TripAdvisor Holdings, Inc., Series A(a) | 119,545 | 215,181 | ||||||
Lindblad Expeditions Holdings, Inc.(a) | 39,560 | 164,965 | ||||||
Marriott Vacations Worldwide Corp. | 68,766 | 3,822,014 | ||||||
OneSpaWorld Holdings Ltd. | 74,249 | 301,451 | ||||||
RCI Hospitality Holdings, Inc. | 15,137 | 150,916 | ||||||
SeaWorld Entertainment, Inc.(a) | 78,665 | 866,888 | ||||||
Sturm Ruger & Co., Inc. | 27,684 | 1,409,392 | ||||||
Vista Outdoor, Inc.(a)(b) | 96,232 | 846,842 | ||||||
YETI Holdings, Inc.(a) | 93,958 | 1,834,060 | ||||||
|
| |||||||
20,591,648 | ||||||||
Life Sciences Tools & Services — 0.0% | ||||||||
WaVe Life Sciences Ltd.(a)(b) | 43,984 | 412,130 | ||||||
|
| |||||||
Luxury Items — 0.0% | ||||||||
Movado Group, Inc. | 26,394 | 311,977 | ||||||
Signet Jewelers Ltd. | 85,628 | 552,301 | ||||||
|
| |||||||
864,278 | ||||||||
Machinery: Agricultural — 0.1% | ||||||||
Alamo Group, Inc.(b) | 15,938 | 1,414,975 | ||||||
Lindsay Corp.(b) | 18,414 | 1,686,354 | ||||||
Titan International, Inc. | 86,427 | 133,962 | ||||||
Titan Machinery, Inc.(a)(b) | 32,252 | 280,270 | ||||||
|
| |||||||
3,515,561 | ||||||||
Machinery: Construction & Handling — 0.2% | ||||||||
Astec Industries, Inc. | 38,713 | 1,353,794 |
14
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Machinery: Construction & Handling (continued) | ||||||||
Douglas Dynamics, Inc. | 36,751 | $ | 1,305,028 | |||||
Manitowoc Co., Inc.(a) | 57,001 | 484,508 | ||||||
NACCO Industries, Inc., Class A | 5,686 | 159,094 | ||||||
Terex Corp. | 105,063 | 1,508,705 | ||||||
|
| |||||||
4,811,129 | ||||||||
Machinery: Engines — 0.0% | ||||||||
Briggs & Stratton Corp. | 72,021 | 130,358 | ||||||
|
| |||||||
Machinery: Industrial — 1.2% | ||||||||
Altra Industrial Motion Corp. | 106,657 | 1,865,431 | ||||||
Applied Industrial Technologies, Inc. | 63,371 | 2,897,322 | ||||||
Chart Industries, Inc.(a)(b) | 59,843 | 1,734,250 | ||||||
Columbus McKinnon Corp.(b) | 37,595 | 939,875 | ||||||
DXP Enterprises, Inc.(a) | 26,329 | 322,794 | ||||||
EnPro Industries, Inc. | 34,049 | 1,347,659 | ||||||
EVI Industries, Inc.(a) | 6,784 | 107,051 | ||||||
Gencor Industries, Inc.(a) | 12,664 | 132,972 | ||||||
Graham Corp. | 14,327 | 184,818 | ||||||
Hyster-Yale Materials Handling, Inc. | 18,129 | 726,792 | ||||||
John Bean Technologies Corp. | 51,641 | 3,835,377 | ||||||
Kadant, Inc. | 18,018 | 1,345,044 | ||||||
Kennametal, Inc. | 138,423 | 2,577,436 | ||||||
Mayville Engineering Co., Inc.(a) | 9,414 | 57,708 | ||||||
MTS Systems Corp. | 32,332 | 727,470 | ||||||
Omega Flex, Inc. | 4,792 | 404,445 | ||||||
Proto Labs, Inc.(a)(b) | 44,928 | 3,420,369 | ||||||
SPX Corp.(a) | 72,470 | 2,365,421 | ||||||
SPX FLOW, Inc.(a) | 69,647 | 1,979,368 | ||||||
Tennant Co.(b) | 29,597 | 1,715,146 | ||||||
Twin Disc, Inc.(a) | 17,752 | 123,909 | ||||||
Welbilt, Inc.(a)(b) | 213,869 | 1,097,148 | ||||||
|
| |||||||
29,907,805 | ||||||||
Machinery: Specialty — 0.1% | ||||||||
Albany International Corp., Class A | 51,133 | 2,420,125 | ||||||
Hurco Cos., Inc. | 10,416 | 303,105 | ||||||
|
| |||||||
2,723,230 | ||||||||
Manufactured Housing — 0.1% | ||||||||
Cavco Industries, Inc.(a) | 14,466 | 2,096,702 | ||||||
Skyline Champion Corp.(a) | 83,277 | 1,305,783 | ||||||
|
| |||||||
3,402,485 | ||||||||
Medical & Dental Instruments & Supplies — 2.4% | ||||||||
Alphatec Holdings, Inc.(a)(b) | 64,366 | 222,063 | ||||||
American Renal Associates Holdings, Inc.(a)(b) | 30,930 | 204,447 | ||||||
AngioDynamics, Inc.(a)(b) | 59,152 | 616,955 | ||||||
Anika Therapeutics, Inc.(a) | 22,321 | 645,300 | ||||||
Antares Pharma, Inc.(a) | 260,797 | 615,481 | ||||||
Apyx Medical Corp. | 51,661 | 185,463 | ||||||
AtriCure, Inc.(a) | 62,874 | 2,111,938 | ||||||
Atrion Corp. | 2,369 | 1,539,850 | ||||||
Avanos Medical, Inc.(a)(b) | 78,538 | 2,115,028 |
Security | Shares | Value | ||||||
Medical & Dental Instruments & Supplies (continued) | ||||||||
Axogen, Inc.(a)(b) | 55,048 | $ | 572,499 | |||||
BioLife Solutions, Inc.(a) | 10,419 | 98,981 | ||||||
Cardiovascular Systems, Inc.(a) | 57,256 | 2,015,984 | ||||||
Centogene NV(a) | 3,407 | 68,140 | ||||||
Cerus Corp.(a)(b) | 260,411 | 1,210,911 | ||||||
Community Health Systems, Inc.(a) | 160,450 | 535,903 | ||||||
CONMED Corp. | 45,507 | 2,606,186 | ||||||
CryoLife, Inc.(a)(b) | 59,713 | 1,010,344 | ||||||
Cutera, Inc.(a)(b) | 22,845 | 298,356 | ||||||
Exagen, Inc. | 5,688 | 90,667 | ||||||
Intersect ENT, Inc.(a) | 51,176 | 606,436 | ||||||
Invacare Corp. | 55,654 | 413,509 | ||||||
LeMaitre Vascular, Inc.(b) | 26,581 | 662,399 | ||||||
LivaNova PLC(a) | 80,746 | 3,653,756 | ||||||
Meridian Bioscience, Inc.(a) | 68,945 | 579,138 | ||||||
Merit Medical Systems, Inc.(a) | 88,888 | 2,777,750 | ||||||
NanoString Technologies, Inc.(a)(b) | 56,438 | 1,357,334 | ||||||
Neogen Corp.(a)(b) | 85,688 | 5,740,239 | ||||||
NuVasive, Inc.(a) | 85,998 | 4,356,659 | ||||||
Ocular Therapeutix, Inc.(a)(b) | 69,445 | 343,753 | ||||||
OraSure Technologies, Inc.(a) | 107,765 | 1,159,551 | ||||||
Organogenesis Holdings, Inc.(a) | 15,729 | 50,805 | ||||||
Orthofix Medical, Inc.(a) | 29,049 | 813,662 | ||||||
OrthoPediatrics Corp.(a)(b) | 18,179 | 720,616 | ||||||
Owens & Minor, Inc. | 112,530 | 1,029,649 | ||||||
Patterson Cos., Inc. | 140,708 | 2,151,425 | ||||||
Quidel Corp.(a)(b) | 59,233 | 5,793,580 | ||||||
SeaSpine Holdings Corp.(a) | 34,773 | 284,095 | ||||||
Senseonics Holdings, Inc.(a)(b) | 189,093 | 119,790 | ||||||
Sientra, Inc.(a)(b) | 59,637 | 118,678 | ||||||
STAAR Surgical Co.(a) | 74,692 | 2,409,564 | ||||||
Surmodics, Inc.(a) | 23,286 | 775,890 | ||||||
TransEnterix, Inc.(a) | 21,383 | 7,523 | ||||||
TransMedics Group, Inc.(a) | 23,615 | 285,269 | ||||||
Utah Medical Products, Inc. | 5,607 | 527,338 | ||||||
ViewRay, Inc.(a)(b) | 170,921 | 427,302 | ||||||
Wright Medical Group NV(a) | 209,193 | 5,993,379 | ||||||
|
| |||||||
59,923,585 | ||||||||
Medical Equipment — 1.6% | ||||||||
Accuray, Inc.(a) | 142,231 | 270,239 | ||||||
BioSig Technologies, Inc.(a)(b) | 37,855 | 158,612 | ||||||
CareDx, Inc.(a) | 67,752 | 1,479,026 | ||||||
ConforMIS, Inc.(a)(b) | 100,669 | 63,421 | ||||||
ElectroCore, Inc.(a) | 17,217 | 16,356 | ||||||
Fluidigm Corp.(a)(b) | 114,760 | 291,490 | ||||||
Glaukos Corp.(a)(b) | 64,573 | 1,992,723 | ||||||
Haemonetics Corp.(a) | 83,686 | 8,340,147 | ||||||
Inspire Medical Systems, Inc.(a) | 22,160 | 1,335,805 | ||||||
IntriCon Corp.(a) | 18,839 | 221,735 | ||||||
iRadimed Corp.(a)(b) | 6,885 | 146,995 | ||||||
iRhythm Technologies, Inc.(a)(b) | 43,854 | 3,567,523 | ||||||
Lantheus Holdings, Inc.(a)(b) | 64,063 | 817,444 | ||||||
Luminex Corp. | 69,452 | 1,912,014 |
15
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Medical Equipment (continued) | ||||||||
Misonix, Inc.(a) | 14,244 | $ | 134,179 | |||||
Natus Medical, Inc.(a) | 55,359 | 1,280,454 | ||||||
Neuronetics, Inc.(a) | 20,360 | 38,480 | ||||||
Nevro Corp.(a)(b) | 49,588 | 4,957,808 | ||||||
Quanterix Corp.(a) | 25,374 | 466,120 | ||||||
Shockwave Medical, Inc.(a)(b) | 42,005 | 1,393,726 | ||||||
SI-BONE, Inc.(a) | 30,696 | 366,817 | ||||||
Silk Road Medical, Inc.(a)(b) | 26,189 | 824,430 | ||||||
Soliton, Inc.(a)(b) | 7,988 | 64,703 | ||||||
Tactile Systems Technology, Inc.(a) | 30,327 | 1,217,932 | ||||||
Tandem Diabetes Care, Inc.(a) | 92,946 | 5,981,075 | ||||||
Vapotherm, Inc.(a) | 25,020 | 471,127 | ||||||
Varex Imaging Corp.(a) | 62,155 | 1,411,540 | ||||||
Zynex, Inc.(a) | 26,805 | 296,731 | ||||||
|
| |||||||
39,518,652 | ||||||||
Metal Fabricating — 0.8% | ||||||||
Advanced Drainage Systems, Inc. | 71,811 | 2,114,116 | ||||||
Compx International, Inc. | 2,464 | 37,453 | ||||||
DMC Global, Inc. | 22,761 | 523,731 | ||||||
Eastern Co. | 8,070 | 157,365 | ||||||
Haynes International, Inc. | 19,883 | 409,789 | ||||||
Lawson Products, Inc.(a) | 6,505 | 173,814 | ||||||
LB Foster Co., Class A(a) | 16,911 | 209,020 | ||||||
MRC Global, Inc.(a)(b) | 127,619 | 543,657 | ||||||
Mueller Industries, Inc. | 91,680 | 2,194,819 | ||||||
Mueller Water Products, Inc., Class A | 257,419 | 2,061,926 | ||||||
NN, Inc. | 68,197 | 117,981 | ||||||
Northwest Pipe Co.(a) | 15,630 | 347,767 | ||||||
RBC Bearings, Inc.(a)(b) | 40,174 | 4,531,225 | ||||||
Rexnord Corp. | 176,190 | 3,994,227 | ||||||
Worthington Industries, Inc. | 65,375 | 1,716,094 | ||||||
|
| |||||||
19,132,984 | ||||||||
Metals & Minerals: Diversified — 0.6% | ||||||||
Cleveland-Cliffs, Inc.(b) | 657,088 | 2,595,498 | ||||||
Commercial Metals Co. | 197,850 | 3,124,052 | ||||||
Compass Minerals International, Inc. | 56,352 | 2,167,860 | ||||||
Energy Fuels, Inc.(a)(b) | 170,377 | 201,045 | ||||||
Ferroglobe PLC(c) | 42,394 | 1 | ||||||
Hecla Mining Co. | 881,598 | 1,604,508 | ||||||
Materion Corp. | 33,348 | 1,167,513 | ||||||
Minerals Technologies, Inc. | 56,745 | 2,057,574 | ||||||
Oil-Dri Corp. of America | 8,646 | 289,122 | ||||||
Ring Energy, Inc.(a)(b) | 90,112 | 59,357 | ||||||
SunCoke Energy, Inc. | 115,600 | 445,060 | ||||||
U.S. Silica Holdings, Inc. | 118,656 | 213,581 | ||||||
United States Lime & Minerals, Inc. | 4,129 | 304,927 | ||||||
|
| |||||||
14,230,098 | ||||||||
Miscellaneous Consumer Staples — 0.0% | ||||||||
cbdMD, Inc. | 50,663 | 47,117 | ||||||
|
| |||||||
Office Supplies & Equipment — 0.3% | ||||||||
ACCO Brands Corp. | 159,931 | 807,652 |
Security | Shares | Value | ||||||
Office Supplies & Equipment (continued) | ||||||||
Herman Miller, Inc. | 98,746 | $ | 2,192,161 | |||||
HNI Corp. | 71,442 | 1,799,624 | ||||||
Kimball International, Inc., Class B | 63,823 | 760,132 | ||||||
Knoll, Inc. | 80,390 | 829,625 | ||||||
Pitney Bowes, Inc. | 278,650 | 568,446 | ||||||
Steelcase, Inc., Class A | 146,429 | 1,445,254 | ||||||
|
| |||||||
8,402,894 | ||||||||
Offshore Drilling & Other Services — 0.0% | ||||||||
Diamond Offshore Drilling, Inc.(a)(b) | 109,473 | 200,336 | ||||||
Noble Corp. PLC(a)(b) | 383,683 | 99,757 | ||||||
Pacific Drilling SA(a)(b) | 44,926 | 19,318 | ||||||
SEACOR Marine Holdings, Inc.(a)(b) | 33,234 | 145,565 | ||||||
|
| |||||||
464,976 | ||||||||
Oil Well Equipment & Services — 0.3% | ||||||||
Cactus, Inc., Class A | 82,758 | 959,993 | ||||||
Covia Holdings Corp.(a)(b) | 62,110 | 35,490 | ||||||
Dril-Quip, Inc.(a) | 60,185 | 1,835,642 | ||||||
Flotek Industries, Inc.(a)(b) | 83,384 | 74,212 | ||||||
Forum Energy Technologies, Inc.(a)(b) | 123,556 | 21,906 | ||||||
Frank’s International NV(a)(b) | 173,141 | 448,435 | ||||||
FTS International, Inc.(a) | 48,704 | 10,861 | ||||||
Helix Energy Solutions Group, Inc.(a)(b) | 234,558 | 384,675 | ||||||
Independence Contract Drilling, Inc.(a) | 3,270 | 4,578 | ||||||
KLX Energy Services Holdings, Inc.(a) | 31,321 | 21,925 | ||||||
Liberty Oilfield Services, Inc., Class A | 86,921 | 233,817 | ||||||
Mammoth Energy Services, Inc. | 18,588 | 13,919 | ||||||
Matrix Service Co.(a) | 43,580 | 412,703 | ||||||
Nabors Industries Ltd. | 572,123 | 223,185 | ||||||
National Energy Services Reunited Corp.(a)(b) | 39,684 | 201,595 | ||||||
Natural Gas Services Group, Inc.(a) | 18,775 | 83,737 | ||||||
NCS Multistage Holdings, Inc.(a) | 14,363 | 9,192 | ||||||
Newpark Resources, Inc.(a) | 137,755 | 123,566 | ||||||
NexTier Oilfield Solutions Inc.(a) | 258,693 | 302,671 | ||||||
Nine Energy Service, Inc.(a) | 23,730 | 19,181 | ||||||
Oceaneering International, Inc.(a) | 161,396 | 474,504 | ||||||
Oil States International, Inc.(a) | 97,571 | 198,069 | ||||||
ProPetro Holding Corp.(a) | 129,717 | 324,292 | ||||||
RigNet, Inc.(a) | 21,835 | 39,303 | ||||||
RPC, Inc. | 98,174 | 202,238 | ||||||
SEACOR Holdings, Inc.(a) | 28,912 | 779,468 | ||||||
Seadrill Ltd.(a)(b) | 87,528 | 37,637 | ||||||
Select Energy Services, Inc., Class A(a)(b) | 96,614 | 312,063 | ||||||
Smart Sand, Inc.(a)(b) | 31,470 | 32,729 | ||||||
Solaris Oilfield Infrastructure, Inc., Class A | 50,749 | 266,432 | ||||||
TETRA Technologies, Inc.(a) | 185,359 | 59,315 | ||||||
U.S Well Services, Inc.(a)(b) | 29,965 | 8,990 | ||||||
|
| |||||||
8,156,323 | ||||||||
Oil, Gas & Consumable Fuels — 0.2% | ||||||||
Archrock, Inc. | 216,649 | 814,600 |
16
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Oil, Gas & Consumable Fuels (continued) | ||||||||
Ardmore Shipping Corp. | 56,023 | $ | 294,121 | |||||
DHT Holdings, Inc. | 182,988 | 1,403,518 | ||||||
Dorian LPG Ltd.(a) | 44,875 | 390,861 | ||||||
Exterran Corp.(a) | 60,568 | 290,726 | ||||||
Plug Power, Inc.(a)(b) | 493,338 | 1,746,417 | ||||||
|
| |||||||
4,940,243 | ||||||||
Oil: Crude Producers — 0.7% | ||||||||
Abraxas Petroleum Corp.(a)(b) | 239,135 | 28,935 | ||||||
Amplify Energy Corp. | 20,050 | 11,346 | ||||||
Berry Corp. | 102,753 | 247,635 | ||||||
Bonanza Creek Energy, Inc.(a)(b) | 31,381 | 353,036 | ||||||
Brigham Minerals, Inc., Class A | 47,631 | 393,908 | ||||||
California Resources Corp.(a)(b) | 79,668 | 79,668 | ||||||
Callon Petroleum Co.(a) | 622,706 | 341,181 | ||||||
Chaparral Energy, Inc., Class A(a)(b) | 46,381 | 21,799 | ||||||
CNX Resources Corp.(a)(b) | 310,174 | 1,650,126 | ||||||
Comstock Resources, Inc.(a)(b) | 27,958 | 150,694 | ||||||
CVR Energy, Inc. | 49,531 | 818,747 | ||||||
Denbury Resources, Inc.(a) | 774,423 | 142,958 | ||||||
Earthstone Energy, Inc., Class A(a)(b) | 32,802 | 57,732 | ||||||
Evolution Petroleum Corp. | 40,577 | 105,906 | ||||||
Extraction Oil & Gas, Inc.(a)(b) | 128,206 | 54,103 | ||||||
Falcon Minerals Corp. | 58,877 | 126,586 | ||||||
Goodrich Petroleum Corp.(a) | 11,977 | 51,022 | ||||||
Gulfport Energy Corp.(a) | 246,641 | 109,681 | ||||||
HighPoint Resources Corp.(a)(b) | 171,738 | 32,630 | ||||||
Laredo Petroleum, Inc.(a) | 276,805 | 105,131 | ||||||
Magnolia Oil & Gas Corp., Class A(a)(b) | 164,740 | 658,960 | ||||||
Montage Resources Corp.(a) | 31,941 | 71,867 | ||||||
Northern Oil and Gas, Inc.(a) | 582,561 | 386,296 | ||||||
Oasis Petroleum, Inc.(a)(b) | 519,931 | 181,976 | ||||||
ONE Gas, Inc. | 86,401 | 7,224,852 | ||||||
Overseas Shipholding Group, Inc., Class A(a)(b) | 108,747 | 246,856 | ||||||
Panhandle Oil and Gas, Inc., Class A | 23,154 | 85,438 | ||||||
PDC Energy, Inc.(a)(b) | 168,339 | 1,045,385 | ||||||
Penn Virginia Corp.(a) | 22,943 | 70,894 | ||||||
PrimeEnergy Resources Corp.(a)(b) | 776 | 57,424 | ||||||
QEP Resources, Inc. | 390,718 | 130,695 | ||||||
Rosehill Resources, Inc.(a) | 15,579 | 6,387 | ||||||
SandRidge Energy, Inc.(a)(b) | 45,940 | 41,305 | ||||||
SilverBow Resources, Inc.(a)(b) | 9,744 | 24,068 | ||||||
SM Energy Co. | 181,536 | 221,474 | ||||||
Southwestern Energy Co.(a) | 904,483 | 1,528,576 | ||||||
Talos Energy, Inc.(a)(b) | 33,127 | 190,480 | ||||||
Tellurian, Inc.(a)(b) | 153,640 | 138,875 | ||||||
Unit Corp.(a)(b) | 80,214 | 20,856 | ||||||
W&T Offshore, Inc.(a) | 156,046 | 265,278 | ||||||
Whiting Petroleum Corp.(a)(b) | 140,975 | 94,510 | ||||||
|
| |||||||
17,575,276 | ||||||||
Oil: Refining & Marketing — 0.3% | ||||||||
Clean Energy Fuels Corp.(a)(b) | 217,452 | 387,065 |
Security | Shares | Value | ||||||
Oil: Refining & Marketing (continued) | ||||||||
Delek US Holdings, Inc. | 123,058 | $ | 1,939,394 | |||||
Par Pacific Holdings, Inc.(a) | 57,303 | 406,851 | ||||||
Renewable Energy Group, Inc.(a) | 63,850 | 1,310,840 | ||||||
Trecora Resources(a)(b) | 35,662 | 212,189 | ||||||
World Fuel Services Corp. | 106,842 | 2,690,282 | ||||||
|
| |||||||
6,946,621 | ||||||||
Paints & Coatings — 0.2% | ||||||||
Chase Corp. | 12,034 | 990,278 | ||||||
Ferro Corp.(a)(b) | 135,792 | 1,271,013 | ||||||
HB Fuller Co. | 84,466 | 2,359,135 | ||||||
Kronos Worldwide, Inc. | 37,297 | 314,787 | ||||||
|
| |||||||
4,935,213 | ||||||||
Paper — 0.2% | ||||||||
Clearwater Paper Corp.(a) | 25,888 | 564,617 | ||||||
Neenah, Inc. | 27,446 | 1,183,746 | ||||||
PH Glatfelter Co. | 71,990 | 879,718 | ||||||
Schweitzer-Mauduit International, Inc. | 50,880 | 1,415,482 | ||||||
Verso Corp., Class A(a)(b) | 58,427 | 659,056 | ||||||
|
| |||||||
4,702,619 | ||||||||
Personal Care — 0.3% | ||||||||
Edgewell Personal Care Co.(a) | 91,064 | 2,192,821 | ||||||
Lifevantage Corp.(a)(b) | 27,743 | 285,753 | ||||||
USANA Health Sciences, Inc.(a) | 20,646 | 1,192,513 | ||||||
WD-40 Co. | 22,697 | 4,558,692 | ||||||
|
| |||||||
8,229,779 | ||||||||
Pharmaceuticals — 2.8% | ||||||||
Abeona Therapeutics, Inc.(a)(b) | 89,299 | 187,528 | ||||||
ACADIA Pharmaceuticals, Inc.(a) | 186,658 | 7,886,300 | ||||||
AcelRx Pharmaceuticals, Inc.(a)(b) | 118,774 | 140,153 | ||||||
Aclaris Therapeutics, Inc.(a) | 46,762 | 48,632 | ||||||
Adamas Pharmaceuticals, Inc.(a)(b) | 33,709 | 97,419 | ||||||
Aerie Pharmaceuticals, Inc.(a)(b) | 69,696 | 940,896 | ||||||
Akorn, Inc.(a) | 144,384 | 81,028 | ||||||
Amneal Pharmaceuticals, Inc.(a) | 194,933 | 678,367 | ||||||
Amphastar Pharmaceuticals, Inc.(a)(b) | 62,591 | 928,850 | ||||||
Arrowhead Pharmaceuticals, Inc.(a) | 165,852 | 4,771,562 | ||||||
Assertio Therapeutics, Inc.(a) | 96,285 | 62,585 | ||||||
Axonics Modulation Technologies, Inc.(a)(b) | 30,174 | 766,721 | ||||||
Axsome Therapeutics, Inc.(a)(b) | 45,043 | 2,649,880 | ||||||
Biospecifics Technologies Corp.(a)(b) | 11,180 | 632,453 | ||||||
Cerecor, Inc.(a)(b) | 32,033 | 79,442 | ||||||
Chimerix, Inc.(a) | 75,882 | 109,270 | ||||||
ChromaDex Corp.(a)(b) | 67,064 | 218,629 | ||||||
Concert Pharmaceuticals, Inc.(a)(b) | 43,423 | 383,859 | ||||||
Corcept Therapeutics, Inc.(a)(b) | 161,742 | 1,923,112 | ||||||
Corium International, Inc.(b)(c) | 34,301 | 6,174 | ||||||
CorMedix, Inc.(a)(b) | 41,288 | 148,224 | ||||||
Dicerna Pharmaceuticals, Inc.(a) | 88,513 | 1,625,984 | ||||||
Eagle Pharmaceuticals, Inc.(a) | 15,068 | 693,128 | ||||||
Eloxx Pharmaceuticals, Inc.(a)(b) | 37,597 | 73,690 |
17
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Pharmaceuticals (continued) | ||||||||
Enanta Pharmaceuticals, Inc.(a)(b) | 31,156 | $ | 1,602,353 | |||||
Endo International PLC(a) | 371,148 | 1,373,248 | ||||||
Esperion Therapeutics, Inc.(a)(b) | 42,066 | 1,326,341 | ||||||
Evolus, Inc.(a)(b) | 29,528 | 122,541 | ||||||
Galectin Therapeutics, Inc.(a) | 71,645 | 140,424 | ||||||
Heska Corp.(a)(b) | 11,534 | 637,830 | ||||||
Innoviva, Inc.(a) | 105,005 | 1,234,859 | ||||||
Intra-Cellular Therapies, Inc.(a) | 87,672 | 1,347,519 | ||||||
Ironwood Pharmaceuticals, Inc.(a)(b) | 258,592 | 2,609,193 | ||||||
La Jolla Pharmaceutical Co.(a) | 31,028 | 130,318 | ||||||
Lannett Co., Inc.(a) | 52,516 | 364,986 | ||||||
Liquidia Technologies, Inc.(a) | 20,040 | 94,388 | ||||||
Mallinckrodt PLC(a)(b) | 136,411 | 270,094 | ||||||
MEI Pharma, Inc.(a) | 159,894 | 257,429 | ||||||
MyoKardia, Inc.(a) | 73,771 | 3,458,384 | ||||||
Omthera Pharmaceuticals, Inc.(c) | 1,326 | — | ||||||
Optinose, Inc.(a)(b) | 45,112 | 202,553 | ||||||
Osmotica Pharmaceuticals PLC(a)(b) | 12,318 | 39,171 | ||||||
Pacira BioSciences, Inc.(a) | 67,911 | 2,277,056 | ||||||
Paratek Pharmaceuticals, Inc.(a) | 54,370 | 171,265 | ||||||
PetIQ, Inc.(a)(b) | 32,729 | 760,295 | ||||||
Portola Pharmaceuticals, Inc.(a) | 127,182 | 906,808 | ||||||
Prestige Consumer Healthcare, Inc.(a)(b) | 83,231 | 3,052,913 | ||||||
Radius Health, Inc.(a) | 74,352 | 966,576 | ||||||
Reata Pharmaceuticals, Inc., Class A(a) | 37,578 | 5,424,009 | ||||||
Revance Therapeutics, Inc.(a) | 85,721 | 1,268,671 | ||||||
SIGA Technologies, Inc.(a)(b) | 90,574 | 432,944 | ||||||
Spectrum Pharmaceuticals, Inc.(a)(b) | 184,347 | 429,529 | ||||||
Supernus Pharmaceuticals, Inc.(a) | 81,906 | 1,473,489 | ||||||
Syndax Pharmaceuticals, Inc.(a)(b) | 36,605 | 401,557 | ||||||
TG Therapeutics, Inc.(a)(b) | 141,775 | 1,395,066 | ||||||
TherapeuticsMD, Inc.(a)(b) | 357,938 | 379,414 | ||||||
Theravance Biopharma, Inc.(a)(b) | 81,354 | 1,880,091 | ||||||
Ultragenyx Pharmaceutical, Inc.(a)(b) | 90,741 | 4,031,623 | ||||||
Voyager Therapeutics, Inc.(a) | 40,351 | 369,212 | ||||||
Zogenix, Inc.(a)(b) | 71,051 | 1,757,091 | ||||||
Zynerba Pharmaceuticals, Inc.(a)(b) | 35,338 | 135,345 | ||||||
|
| |||||||
67,858,471 | ||||||||
Photography — 0.0% | ||||||||
GoPro, Inc., Class A(a)(b) | 212,746 | 557,395 | ||||||
|
| |||||||
Plastics — 0.0% | ||||||||
Trinseo SA | 65,385 | 1,184,122 | ||||||
|
| |||||||
Power Transmission Equipment — 0.6% | ||||||||
Advanced Energy Industries, Inc.(a) | 63,211 | 3,065,102 | ||||||
Generac Holdings, Inc.(a)(b) | 101,161 | 9,425,170 | ||||||
Powell Industries, Inc. | 14,539 | 373,216 |
Security | Shares | Value | ||||||
Power Transmission Equipment (continued) | ||||||||
Vicor Corp.(a)(b) | 29,421 | $ | 1,310,411 | |||||
|
| |||||||
14,173,899 | ||||||||
Printing & Copying Services — 0.2% | ||||||||
Casella Waste Systems, Inc., Class A(a)(b) | 76,399 | 2,984,145 | ||||||
Cimpress PLC(a) | 31,728 | 1,687,930 | ||||||
|
| |||||||
4,672,075 | ||||||||
Producer Durables: Miscellaneous — 0.2% | ||||||||
Advanced Disposal Services, Inc.(a) | 120,258 | 3,944,463 | ||||||
Park-Ohio Holdings Corp. | 14,160 | 268,190 | ||||||
|
| |||||||
4,212,653 | ||||||||
Production Technology Equipment — 0.5% | ||||||||
Axcelis Technologies, Inc.(a) | 53,562 | 980,720 | ||||||
Brooks Automation, Inc. | 119,814 | 3,654,327 | ||||||
Cohu, Inc.(b) | 66,706 | 825,820 | ||||||
Ichor Holdings Ltd.(a) | 36,703 | 703,230 | ||||||
Onto Innovation, Inc.(a)(b) | 79,487 | 2,358,379 | ||||||
Photronics, Inc.(a) | 99,012 | 1,015,863 | ||||||
Ultra Clean Holdings, Inc.(a) | 65,201 | 899,774 | ||||||
Veeco Instruments, Inc.(a) | 80,064 | 766,213 | ||||||
Xperi Corp. | 81,378 | 1,131,968 | ||||||
|
| |||||||
12,336,294 | ||||||||
Publishing — 0.1% | ||||||||
Daily Journal Corp.(a) | 1,877 | 428,519 | ||||||
Eros International PLC(a)(b) | 153,018 | 252,480 | ||||||
Gannett Co., Inc. | 190,581 | 282,060 | ||||||
Lee Enterprises, Inc.(a)(b) | 79,941 | 78,582 | ||||||
Meredith Corp. | 66,465 | 812,202 | ||||||
Scholastic Corp. | 48,925 | 1,247,098 | ||||||
Tribune Publishing Co. | 29,240 | 237,137 | ||||||
|
| |||||||
3,338,078 | ||||||||
Radio & TV Broadcasters — 0.4% | ||||||||
Central European Media Enterprises Ltd., | 144,864 | 453,424 | ||||||
Cumulus Media, Inc., Class A(a) | 24,455 | 132,546 | ||||||
Entercom Communications Corp., Class A | 190,229 | 325,292 | ||||||
Entravision Communications Corp., Class A | 92,608 | 187,994 | ||||||
Gray Television, Inc.(a)(b) | 151,035 | 1,622,116 | ||||||
Liberty Media Corp.-Liberty Braves, Class A(a)(b) | 17,111 | 333,664 | ||||||
Liberty Media Corp.-Liberty Braves, Class C(a)(b) | 63,833 | 1,216,657 | ||||||
MSG Networks, Inc., Class A(a) | 70,962 | 723,812 | ||||||
Saga Communications, Inc., Class A | 6,403 | 176,147 |
18
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Radio & TV Broadcasters (continued) | ||||||||
TEGNA, Inc.(b) | 361,144 | $ | 3,922,024 | |||||
|
| |||||||
9,093,676 | ||||||||
Railroad Equipment — 0.0% | ||||||||
Greenbrier Cos., Inc. | 52,657 | 934,135 | ||||||
|
| |||||||
Real Estate — 0.5% | ||||||||
Avalon GloboCare Corp.(a) | 32,360 | 50,158 | ||||||
Consolidated-Tomoka Land Co.(b) | 8,085 | 366,493 | ||||||
Cushman & Wakefield PLC(a)(b) | 189,493 | 2,224,648 | ||||||
eXp World Holdings, Inc.(a)(b) | 34,405 | 291,066 | ||||||
Griffin Industrial Realty, Inc. | 1,381 | 45,159 | ||||||
Kennedy-Wilson Holdings, Inc. | 203,236 | 2,727,427 | ||||||
Newmark Group, Inc., Class A | 237,538 | 1,009,536 | ||||||
Realogy Holdings Corp. | 188,371 | 566,997 | ||||||
Redfin Corp.(a) | 150,128 | 2,314,974 | ||||||
Retail Value, Inc. | 23,966 | 293,583 | ||||||
RMR Group, Inc., Class A | 25,471 | 686,953 | ||||||
St. Joe Co.(a) | 55,431 | 930,132 | ||||||
Stratus Properties, Inc.(a) | 8,765 | 155,053 | ||||||
Tejon Ranch Co.(a)(b) | 34,480 | 484,789 | ||||||
|
| |||||||
12,146,968 | ||||||||
Real Estate Investment Trusts (REITs) — 7.3% | ||||||||
Acadia Realty Trust | 140,431 | 1,739,940 | ||||||
AG Mortgage Investment Trust, Inc. | 51,421 | 140,894 | ||||||
Agree Realty Corp. | 68,135 | 4,217,556 | ||||||
Alexander & Baldwin, Inc. | 113,386 | 1,272,191 | ||||||
Alexander’s, Inc. | 3,568 | 984,590 | ||||||
American Assets Trust, Inc. | 81,655 | 2,041,375 | ||||||
American Finance Trust, Inc. | 176,892 | 1,105,575 | ||||||
Anworth Mortgage Asset Corp. | 156,546 | 176,897 | ||||||
Apollo Commercial Real Estate Finance, Inc. | 255,959 | 1,899,216 | ||||||
Ares Commercial Real Estate Corp. | 49,694 | 347,361 | ||||||
Armada Hoffler Properties, Inc. | 96,794 | 1,035,696 | ||||||
ARMOUR Residential REIT, Inc. | 95,893 | 844,817 | ||||||
Ashford Hospitality Trust, Inc. | 151,161 | 111,738 | ||||||
Blackstone Mortgage Trust, Inc., Class A | 215,868 | 4,019,462 | ||||||
Bluerock Residential Growth REIT, Inc. | 33,801 | 188,272 | ||||||
Braemar Hotels & Resorts, Inc. | 49,634 | 84,378 | ||||||
BRT Apartments Corp. | 16,395 | 168,049 | ||||||
Capstead Mortgage Corp. | 150,981 | 634,120 | ||||||
CareTrust REIT, Inc. | 159,122 | 2,353,414 | ||||||
Catchmark Timber Trust, Inc., Class A | 80,511 | 581,289 | ||||||
CBL & Associates Properties, Inc.(b) | 259,934 | 52,013 | ||||||
Cedar Realty Trust, Inc. | 141,316 | 131,862 | ||||||
Chatham Lodging Trust | 75,070 | 445,916 | ||||||
Cherry Hill Mortgage Investment Corp. | 25,766 | 159,749 | ||||||
CIM Commercial Trust Corp. | 19,931 | 221,035 | ||||||
City Office REIT, Inc. | 87,710 | 634,143 | ||||||
Clipper Realty, Inc. | 23,302 | 120,704 | ||||||
Colony Credit Real Estate, Inc. | 134,953 | 531,715 | ||||||
Community Healthcare Trust, Inc. | 31,529 | 1,206,930 |
Security | Shares | Value | ||||||
Real Estate Investment Trusts (REITs) (continued) | ||||||||
CoreCivic, Inc. | 198,156 | $ | 2,213,402 | |||||
CorEnergy Infrastructure Trust, Inc. | 21,957 | 403,570 | ||||||
DiamondRock Hospitality Co.(b) | 331,137 | 1,682,176 | ||||||
Diversified Healthcare Trust | 402,838 | 1,462,302 | ||||||
Dynex Capital, Inc. | 36,509 | 381,154 | ||||||
Easterly Government Properties, Inc. | 123,044 | 3,031,804 | ||||||
EastGroup Properties, Inc. | 63,669 | 6,652,137 | ||||||
Ellington Financial, Inc. | 66,361 | 378,921 | ||||||
Essential Properties Realty Trust, Inc. | 153,696 | 2,007,270 | ||||||
Exantas Capital Corp. | 49,855 | 137,600 | ||||||
Farmland Partners, Inc. | 57,422 | 348,552 | ||||||
First Industrial Realty Trust, Inc. | 208,693 | 6,934,868 | ||||||
Four Corners Property Trust, Inc. | 117,318 | 2,195,020 | ||||||
Franklin Street Properties Corp. | 172,245 | 986,964 | ||||||
Front Yard Residential Corp. | 81,717 | 976,518 | ||||||
Geo Group, Inc. | 197,548 | 2,402,184 | ||||||
Getty Realty Corp. | 55,077 | 1,307,528 | ||||||
Gladstone Commercial Corp. | 56,698 | 814,183 | ||||||
Gladstone Land Corp. | 26,573 | 314,890 | ||||||
Global Medical REIT, Inc. | 65,644 | 664,317 | ||||||
Global Net Lease, Inc. | 151,382 | 2,023,977 | ||||||
Granite Point Mortgage Trust, Inc. | 89,009 | 451,276 | ||||||
Great Ajax Corp. | 28,750 | 182,850 | ||||||
Healthcare Realty Trust, Inc. | 219,304 | 6,125,161 | ||||||
Hersha Hospitality Trust | 55,531 | 198,801 | ||||||
Independence Realty Trust, Inc. | 149,913 | 1,340,222 | ||||||
Industrial Logistics Properties Trust | 106,202 | 1,862,783 | ||||||
Innovative Industrial Properties, Inc. | 27,383 | 2,079,191 | ||||||
Invesco Mortgage Capital, Inc. | 305,091 | 1,040,360 | ||||||
Investors Real Estate Trust | 20,257 | 1,114,135 | ||||||
iStar, Inc. | 97,863 | 1,038,326 | ||||||
Jernigan Capital, Inc. | 37,307 | 408,885 | ||||||
Kite Realty Group Trust | 137,191 | 1,299,199 | ||||||
KKR Real Estate Finance Trust, Inc. | 42,248 | 634,142 | ||||||
Lexington Realty Trust | 400,653 | 3,978,484 | ||||||
LTC Properties, Inc. | 65,351 | 2,019,346 | ||||||
Mack-Cali Realty Corp. | 143,459 | 2,184,881 | ||||||
Monmouth Real Estate Investment Corp. | 156,515 | 1,886,006 | ||||||
National Health Investors, Inc. | 70,693 | 3,500,717 | ||||||
National Storage Affiliates Trust | 97,589 | 2,888,634 | ||||||
New Senior Investment Group, Inc. | 140,467 | 359,596 | ||||||
New York Mortgage Trust, Inc. | 628,173 | 973,668 | ||||||
NexPoint Residential Trust, Inc. | 32,302 | 814,333 | ||||||
Office Properties Income Trust | 79,009 | 2,152,995 | ||||||
One Liberty Properties, Inc. | 23,662 | 329,612 | ||||||
Orchid Island Capital, Inc. | 101,731 | 300,106 | ||||||
Pebblebrook Hotel Trust | 217,186 | 2,365,156 | ||||||
Pennsylvania Real Estate Investment Trust(b) | 106,394 | 96,989 | ||||||
PennyMac Mortgage Investment Trust(f) | 163,919 | 1,740,820 | ||||||
Physicians Realty Trust | 312,046 | 4,349,921 | ||||||
Piedmont Office Realty Trust, Inc., Class A(b) | 206,719 | 3,650,658 |
19
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Real Estate Investment Trusts (REITs) (continued) | ||||||||
PotlatchDeltic Corp. | 109,566 | $ | 3,439,277 | |||||
Preferred Apartment Communities, Inc., Class A | 75,039 | 538,780 | ||||||
PS Business Parks, Inc. | 33,171 | 4,495,334 | ||||||
QTS Realty Trust, Inc., Class A | 95,264 | 5,526,265 | ||||||
Ready Capital Corp. | 63,438 | 458,022 | ||||||
Redwood Trust, Inc. | 186,432 | 943,346 | ||||||
Retail Opportunity Investments Corp. | 189,785 | 1,573,318 | ||||||
Rexford Industrial Realty, Inc. | 187,264 | 7,679,697 | ||||||
RLJ Lodging Trust | 280,930 | 2,168,780 | ||||||
RPT Realty | 129,377 | 780,143 | ||||||
Sabra Health Care REIT, Inc. | 334,433 | 3,652,008 | ||||||
Safehold, Inc.(b) | 20,930 | 1,323,404 | ||||||
Saul Centers, Inc. | 19,209 | 628,903 | ||||||
Seritage Growth Properties, Class A | 56,106 | 511,126 | ||||||
STAG Industrial, Inc. | 247,915 | 5,583,046 | ||||||
Summit Hotel Properties, Inc. | 173,277 | 731,229 | ||||||
Sunstone Hotel Investors, Inc. | 375,472 | 3,270,361 | ||||||
Tanger Factory Outlet Centers, Inc.(b) | 151,491 | 757,455 | ||||||
Terreno Realty Corp. | 109,045 | 5,643,079 | ||||||
TPG RE Finance Trust, Inc. | 80,678 | 442,922 | ||||||
UMH Properties, Inc. | 58,810 | 638,677 | ||||||
Uniti Group, Inc. | 314,347 | 1,895,512 | ||||||
Universal Health Realty Income Trust | 21,157 | 2,132,837 | ||||||
Urban Edge Properties | 191,506 | 1,687,168 | ||||||
Urstadt Biddle Properties, Inc., Class A | 47,121 | 664,406 | ||||||
Washington Prime Group, Inc.(b) | 305,453 | 245,920 | ||||||
Washington Real Estate Investment Trust | 136,638 | 3,261,549 | ||||||
Western Asset Mortgage Capital Corp. | 83,308 | 190,775 | ||||||
Whitestone REIT | 60,527 | 375,267 | ||||||
Xenia Hotels & Resorts, Inc. | 188,459 | 1,941,128 | ||||||
|
| |||||||
179,317,221 | ||||||||
Real Estate Management & Development — 0.0% | ||||||||
American Realty Investors, Inc.(a) | 3,807 | 35,177 | ||||||
BBX Capital Corp. | 97,788 | 225,890 | ||||||
CorePoint Lodging, Inc. | 65,202 | 255,592 | ||||||
Forestar Group, Inc.(a)(b) | 25,942 | 268,500 | ||||||
Maui Land & Pineapple Co., Inc.(a)(b) | 9,778 | 106,873 | ||||||
Rafael Holdings, Inc., Class B(a)(b) | 18,176 | 232,835 | ||||||
Transcontinental Realty Investors, Inc.(a) | 2,104 | 43,153 | ||||||
|
| |||||||
1,168,020 | ||||||||
Recreational Vehicles & Boats — 0.2% | ||||||||
Camping World Holdings, Inc., Class A | 53,100 | 302,139 | ||||||
LCI Industries | 40,339 | 2,695,855 | ||||||
Malibu Boats, Inc., Class A(a)(b) | 33,093 | 952,748 | ||||||
Marine Products Corp. | 11,193 | 90,439 | ||||||
MasterCraft Boat Holdings, Inc.(a) | 29,977 | 218,832 |
Security | Shares | Value | ||||||
Recreational Vehicles & Boats (continued) | ||||||||
Winnebago Industries, Inc. | 52,643 | $ | 1,464,002 | |||||
|
| |||||||
5,724,015 | ||||||||
Rental & Leasing Services: Consumer — 0.1% | ||||||||
Avis Budget Group, Inc.(a) | 95,530 | 1,327,867 | ||||||
Hertz Global Holdings, Inc.(a) | 167,747 | 1,036,677 | ||||||
Rent-A-Center, Inc. | 84,917 | 1,200,726 | ||||||
|
| |||||||
3,565,270 | ||||||||
Restaurants — 1.0% | ||||||||
Biglari Holdings, Inc., Class B(a)(b) | 1,451 | 74,581 | ||||||
BJ’s Restaurants, Inc. | 31,562 | 438,396 | ||||||
Bloomin’ Brands, Inc. | 144,597 | 1,032,423 | ||||||
Brinker International, Inc. | 62,037 | 745,064 | ||||||
Carrols Restaurant Group, Inc.(a)(b) | 53,679 | 97,696 | ||||||
Cheesecake Factory, Inc. | 69,339 | 1,184,310 | ||||||
Cracker Barrel Old Country Store, Inc. | 39,942 | 3,323,973 | ||||||
Dave & Buster’s Entertainment, Inc. | 53,285 | 696,968 | ||||||
Del Taco Restaurants, Inc.(a) | 44,875 | 153,921 | ||||||
Denny’s Corp.(a)(b) | 94,889 | 728,748 | ||||||
Dine Brands Global, Inc. | 26,502 | 760,077 | ||||||
El Pollo Loco Holdings, Inc.(a) | 31,836 | 269,014 | ||||||
Fiesta Restaurant Group, Inc.(a)(b) | 35,926 | 144,782 | ||||||
J Alexander’s Holdings, Inc.(a) | 19,348 | 74,103 | ||||||
Jack in the Box, Inc. | 38,400 | 1,345,920 | ||||||
Kura Sushi USA, Inc., Class A(a)(b) | 5,130 | 61,355 | ||||||
Nathan’s Famous, Inc. | 4,875 | 297,375 | ||||||
Noodles & Co.(a) | 46,975 | 221,252 | ||||||
Papa John’s International, Inc. | 37,245 | 1,987,766 | ||||||
Potbelly Corp.(a)(b) | 54,067 | 167,067 | ||||||
Red Robin Gourmet Burgers, Inc.(a) | 21,287 | 181,365 | ||||||
Ruth’s Hospitality Group, Inc. | 45,746 | 305,583 | ||||||
Shake Shack, Inc., Class A(a)(b) | 48,118 | 1,815,973 | ||||||
Texas Roadhouse, Inc. | 109,248 | 4,511,943 | ||||||
Wingstop, Inc. | 48,438 | 3,860,509 | ||||||
|
| |||||||
24,480,164 | ||||||||
Scientific Instruments: Control & Filter — 0.6% | ||||||||
Arlo Technologies, Inc.(a) | 121,861 | 296,122 | ||||||
Brady Corp., Class A | 80,154 | 3,617,350 | ||||||
CIRCOR International, Inc.(a)(b) | 31,510 | 366,461 | ||||||
Energy Recovery, Inc.(a)(b) | 60,043 | 446,720 | ||||||
ESCO Technologies, Inc. | 42,378 | 3,216,914 | ||||||
Gorman-Rupp Co. | 28,961 | 903,873 | ||||||
Helios Technologies, Inc. | 49,690 | 1,884,245 | ||||||
Napco Security Technologies, Inc.(a)(b) | 19,400 | 294,298 | ||||||
Thermon Group Holdings, Inc.(a)(b) | 53,327 | 803,638 | ||||||
Watts Water Technologies, Inc., Class A | 46,291 | 3,918,533 | ||||||
Wrap Technologies, Inc.(a) | 25,645 | 109,248 | ||||||
|
| |||||||
15,857,402 | ||||||||
Scientific Instruments: Electrical — 0.4% | ||||||||
Allied Motion Technologies, Inc.(b) | 11,399 | 270,156 | ||||||
Atkore International Group, Inc.(a)(b) | 80,411 | 1,694,260 | ||||||
AZZ, Inc. | 42,754 | 1,202,243 |
20
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Scientific Instruments: Electrical (continued) | ||||||||
EnerSys | 70,729 | $ | 3,502,500 | |||||
Franklin Electric Co., Inc. | 76,886 | 3,623,637 | ||||||
Preformed Line Products Co. | 5,183 | 258,269 | ||||||
|
| |||||||
10,551,065 | ||||||||
Scientific Instruments: Gauges & Meters — 0.4% | ||||||||
Badger Meter, Inc.(b) | 47,092 | 2,524,131 | ||||||
FARO Technologies, Inc.(a) | 28,450 | 1,266,025 | ||||||
Itron, Inc.(a) | 56,691 | 3,165,059 | ||||||
Mesa Laboratories, Inc.(b) | 6,527 | 1,475,690 | ||||||
Transcat, Inc.(a) | 11,266 | 298,549 | ||||||
Vishay Precision Group, Inc.(a)(b) | 17,030 | 341,962 | ||||||
|
| |||||||
9,071,416 | ||||||||
Scientific Instruments: Pollution Control — 0.4% | ||||||||
CECO Environmental Corp.(a) | 50,515 | 235,905 | ||||||
Covanta Holding Corp. | 196,490 | 1,679,989 | ||||||
Darling Ingredients, Inc.(a) | 272,345 | 5,220,854 | ||||||
Evoqua Water Technologies Corp.(a)(b) | 125,902 | 1,411,361 | ||||||
Heritage-Crystal Clean, Inc.(a) | 24,470 | 397,393 | ||||||
Team, Inc.(a)(b) | 48,265 | 313,723 | ||||||
US Ecology, Inc. | 39,217 | 1,192,197 | ||||||
|
| |||||||
10,451,422 | ||||||||
Securities Brokerage & Services — 0.1% | ||||||||
GAIN Capital Holdings, Inc. | 31,038 | 173,192 | ||||||
INTL. FCStone, Inc.(a) | 26,261 | 952,224 | ||||||
Siebert Financial Corp.(a) | 14,424 | 104,141 | ||||||
|
| |||||||
1,229,557 | ||||||||
Semiconductors & Components — 2.1% | ||||||||
Acacia Communications, Inc.(a) | 62,782 | 4,217,695 | ||||||
Adesto Technologies Corp.(a) | 44,932 | 502,789 | ||||||
Alpha & Omega Semiconductor Ltd.(a) | 33,866 | 217,081 | ||||||
Amkor Technology, Inc.(a) | 168,221 | 1,310,442 | ||||||
AXT, Inc.(a)(b) | 60,137 | 193,040 | ||||||
CEVA, Inc.(a) | 35,185 | 877,162 | ||||||
Cirrus Logic, Inc.(a) | 96,528 | 6,335,133 | ||||||
Diodes, Inc.(a)(b) | 69,647 | 2,830,106 | ||||||
DSP Group, Inc.(a) | 35,238 | 472,189 | ||||||
FormFactor, Inc.(a) | 124,404 | 2,499,276 | ||||||
Inphi Corp.(a) | 74,434 | 5,892,940 | ||||||
Lattice Semiconductor Corp.(a)(b) | 209,656 | 3,736,070 | ||||||
MACOM Technology Solutions Holdings, Inc.(a)(b) | 78,712 | 1,490,018 | ||||||
MaxLinear, Inc.(a) | 110,243 | 1,286,536 | ||||||
Power Integrations, Inc. | 46,874 | 4,140,380 | ||||||
Rambus, Inc.(a) | 182,126 | 2,021,599 | ||||||
Semtech Corp.(a) | 109,265 | 4,097,437 | ||||||
Silicon Laboratories, Inc.(a)(b) | 71,207 | 6,081,790 | ||||||
SiTime Corp.(a) | 7,675 | 167,085 | ||||||
SMART Global Holdings, Inc.(a)(b) | 22,414 | 544,660 |
Security | Shares | Value | ||||||
Semiconductors & Components (continued) | ||||||||
Vishay Intertechnology, Inc. | 219,850 | $ | 3,168,038 | |||||
|
| |||||||
52,081,466 | ||||||||
Semiconductors & Semiconductor Equipment — 0.1% | ||||||||
Ambarella, Inc.(a) | 53,697 | 2,607,526 | ||||||
|
| |||||||
Shipping — 0.5% | ||||||||
Diamond S Shipping, Inc.(a) | 44,180 | 521,766 | ||||||
Eagle Bulk Shipping, Inc.(a)(b) | 68,018 | 125,833 | ||||||
GasLog Ltd. | 67,107 | 242,927 | ||||||
Genco Shipping & Trading Ltd. | 35,249 | 226,299 | ||||||
Golar LNG Ltd. | 157,384 | 1,240,186 | ||||||
International Seaways, Inc. | 41,673 | 995,568 | ||||||
Matson, Inc. | 71,689 | 2,195,117 | ||||||
Nordic American Tankers Ltd. | 242,831 | 1,100,024 | ||||||
Safe Bulkers, Inc.(a) | 74,538 | 88,700 | ||||||
Scorpio Tankers, Inc.(b) | 73,115 | 1,397,959 | ||||||
SFL Corp. Ltd. | 133,804 | 1,267,124 | ||||||
Teekay Corp.(a)(b) | 116,178 | 367,123 | ||||||
Teekay Tankers Ltd., Class A(a) | 39,535 | 879,258 | ||||||
Tidewater, Inc.(a) | 67,412 | 477,277 | ||||||
|
| |||||||
11,125,161 | ||||||||
Software — 0.6% | ||||||||
Castlight Health, Inc., Class B(a) | 156,665 | 113,284 | ||||||
Five9, Inc.(a)(b) | 99,101 | 7,577,263 | ||||||
MobileIron, Inc.(a) | 165,400 | 628,520 | ||||||
Model N, Inc.(a) | 54,627 | 1,213,266 | ||||||
Qualys, Inc.(a) | 55,726 | 4,847,605 | ||||||
Rubicon Project, Inc.(a)(b) | 79,386 | 440,592 | ||||||
|
| |||||||
14,820,530 | ||||||||
Specialty Retail — 1.7% | ||||||||
1-800-Flowers.com, Inc., Class A(a) | 40,181 | 531,595 | ||||||
Aaron’s, Inc. | 112,191 | 2,555,711 | ||||||
Abercrombie & Fitch Co., Class A | 104,356 | 948,596 | ||||||
America’sCar-Mart, Inc.(a)(b) | 10,260 | 578,151 | ||||||
American Eagle Outfitters, Inc. | 261,132 | 2,075,999 | ||||||
Asbury Automotive Group, Inc.(a) | 31,932 | 1,763,604 | ||||||
Ascena Retail Group, Inc.(a)(b) | 11,667 | 16,217 | ||||||
At Home Group, Inc.(a)(b) | 79,483 | 160,556 | ||||||
Barnes & Noble Education, Inc.(a) | 62,905 | 85,551 | ||||||
Bed Bath & Beyond, Inc. | 203,090 | 855,009 | ||||||
BMC Stock Holdings, Inc.(a) | 110,040 | 1,951,009 | ||||||
Boot Barn Holdings, Inc.(a) | 46,362 | 599,461 | ||||||
Buckle, Inc. | 48,040 | 658,628 | ||||||
Caleres, Inc. | 63,303 | 329,176 | ||||||
Cato Corp., Class A | 36,185 | 386,094 | ||||||
Chico’s FAS, Inc. | 188,869 | 243,641 | ||||||
Children’s Place, Inc. | 23,887 | 467,230 | ||||||
Citi Trends, Inc. | 18,654 | 166,021 | ||||||
Conn’s, Inc.(a) | 30,828 | 128,861 | ||||||
Container Store Group, Inc.(a) | 45,627 | 107,680 | ||||||
Designer Brands, Inc., Class A | 109,162 | 543,627 | ||||||
Express, Inc.(a)(b) | 96,161 | 143,280 |
21
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Specialty Retail (continued) | ||||||||
GameStop Corp., Class A(b) | 109,864 | $ | 384,524 | |||||
Genesco, Inc.(a) | 23,619 | 315,077 | ||||||
GNC Holdings, Inc., Class A(a)(b) | 126,560 | 59,243 | ||||||
Group 1 Automotive, Inc. | 30,072 | 1,330,987 | ||||||
Guess?, Inc. | 75,161 | 508,840 | ||||||
Haverty Furniture Cos., Inc. | 29,369 | 349,197 | ||||||
Hibbett Sports, Inc.(a) | 29,179 | 319,072 | ||||||
J. Jill, Inc.(a) | 23,985 | 13,249 | ||||||
Lands’ End, Inc.(a) | 16,179 | 86,396 | ||||||
Lithia Motors, Inc., Class A | 37,428 | 3,061,236 | ||||||
Lumber Liquidators Holdings, Inc.(a)(b) | 46,949 | 220,191 | ||||||
MarineMax, Inc.(a) | 34,261 | 357,000 | ||||||
Michaels Cos., Inc.(a) | 128,345 | 207,919 | ||||||
Monro, Inc. | 54,098 | 2,370,033 | ||||||
Murphy USA, Inc.(a) | 48,308 | 4,075,263 | ||||||
National Vision Holdings, Inc.(a)(b) | 129,991 | 2,524,425 | ||||||
Office Depot, Inc. | 902,899 | 1,480,754 | ||||||
OneWater Marine, Inc., Class A(a) | 6,226 | 47,629 | ||||||
Party City Holdco, Inc.(a)(b) | 81,545 | 37,372 | ||||||
RealReal, Inc.(a)(b) | 84,538 | 592,611 | ||||||
Regis Corp.(a)(b) | 38,664 | 228,504 | ||||||
RTW RetailWinds, Inc.(a) | 43,216 | 9,080 | ||||||
Sally Beauty Holdings, Inc.(a) | 193,711 | 1,565,185 | ||||||
Shoe Carnival, Inc. | 15,531 | 322,579 | ||||||
Sonic Automotive, Inc., Class A | 40,668 | 540,071 | ||||||
Sportsman’s Warehouse Holdings, Inc.(a)(b) | 70,856 | 436,473 | ||||||
Stamps.com, Inc.(a) | 27,529 | 3,580,972 | ||||||
Systemax, Inc. | 20,451 | 362,596 | ||||||
Tailored Brands, Inc. | 72,993 | 127,008 | ||||||
Tilly’s, Inc., Class A | 33,361 | 137,781 | ||||||
Zumiez, Inc.(a) | 32,222 | 558,085 | ||||||
|
| |||||||
41,505,049 | ||||||||
Steel — 0.2% | ||||||||
Allegheny Technologies, Inc.(a) | 208,932 | 1,775,922 | ||||||
Carpenter Technology Corp. | 78,220 | 1,525,290 | ||||||
Olympic Steel, Inc. | 13,771 | 142,530 | ||||||
Ryerson Holding Corp.(a) | 27,174 | 144,566 | ||||||
Schnitzer Steel Industries, Inc., Class A | 41,632 | 542,881 | ||||||
TimkenSteel Corp.(a) | 66,038 | 213,303 | ||||||
|
| |||||||
4,344,492 | ||||||||
Technology: Miscellaneous — 0.4% | ||||||||
Benchmark Electronics, Inc. | 61,204 | 1,223,468 | ||||||
CTS Corp.(b) | 53,210 | 1,324,397 | ||||||
Fabrinet(a) | 60,892 | 3,322,268 | ||||||
Kimball Electronics, Inc.(a) | 40,186 | 438,831 | ||||||
Plexus Corp.(a) | 48,363 | 2,638,685 | ||||||
|
| |||||||
8,947,649 | ||||||||
Telecommunications Equipment — 0.3% | ||||||||
Airgain, Inc.(a)(b) | 13,818 | 102,115 | ||||||
Akoustis Technologies, Inc.(a)(b) | 48,386 | 259,833 | ||||||
Applied Optoelectronics, Inc.(a)(b) | 29,336 | 222,660 |
Security | Shares | Value | ||||||
Telecommunications Equipment (continued) | ||||||||
CalAmp Corp.(a)(b) | 54,415 | $ | 244,868 | |||||
Cambium Networks Corp.(a)(b) | 6,614 | 37,038 | ||||||
Clearfield, Inc.(a) | 16,199 | 191,958 | ||||||
Knowles Corp.(a) | 137,767 | 1,843,323 | ||||||
Sonim Technologies, Inc.(a) | 15,644 | 10,951 | ||||||
Tessco Technologies, Inc.(b) | 9,764 | 47,746 | ||||||
Viavi Solutions, Inc.(a)(b) | 381,559 | 4,277,276 | ||||||
Vocera Communications, Inc.(a) | 51,649 | 1,097,025 | ||||||
|
| |||||||
8,334,793 | ||||||||
Textile Products — 0.1% | ||||||||
Culp, Inc. | 26,313 | 193,664 | ||||||
Interface, Inc. | 96,084 | 726,395 | ||||||
Unifi, Inc.(a) | 23,703 | 273,769 | ||||||
|
| |||||||
1,193,828 | ||||||||
Textiles Apparel & Shoes — 0.7% | ||||||||
Centric Brands, Inc.(a)(b) | 24,642 | 27,599 | ||||||
Crocs, Inc.(a) | 114,447 | 1,944,454 | ||||||
Deckers Outdoor Corp.(a) | 46,584 | 6,242,256 | ||||||
Delta Apparel, Inc.(a)(b) | 9,596 | 99,894 | ||||||
Fossil Group, Inc.(a) | 78,740 | 259,055 | ||||||
G-III Apparel Group Ltd.(a)(b) | 73,913 | 569,130 | ||||||
Kontoor Brands, Inc.(a) | 73,573 | 1,410,394 | ||||||
Oxford Industries, Inc. | 27,416 | 994,104 | ||||||
Rocky Brands, Inc. | 10,928 | 211,457 | ||||||
Steven Madden Ltd. | 139,916 | 3,250,249 | ||||||
Superior Group of Cos., Inc. | 18,407 | 155,723 | ||||||
Vera Bradley, Inc.(a) | 31,682 | 130,530 | ||||||
Vince Holding Corp.(a) | 4,847 | 18,806 | ||||||
Weyco Group, Inc. | 9,709 | 195,831 | ||||||
Wolverine World Wide, Inc. | 132,373 | 2,012,070 | ||||||
|
| |||||||
17,521,552 | ||||||||
Tobacco — 0.2% | ||||||||
22nd Century Group, Inc.(a)(b) | 180,340 | 135,255 | ||||||
Greenlane Holdings, Inc., Class A(a)(b) | 9,262 | 15,931 | ||||||
Pyxus International, Inc.(a)(b) | 12,563 | 39,071 | ||||||
Turning Point Brands, Inc.(b) | 14,165 | 299,023 | ||||||
Universal Corp. | 40,333 | 1,783,122 | ||||||
Vector Group Ltd. | 183,764 | 1,731,057 | ||||||
|
| |||||||
4,003,459 | ||||||||
Toys — 0.0% | ||||||||
Funko, Inc., Class A(a)(b) | 34,258 | 136,689 | ||||||
|
| |||||||
Transportation Miscellaneous — 0.2% | ||||||||
Costamare, Inc. | 87,186 | 394,081 | ||||||
Echo Global Logistics, Inc.(a) | 43,305 | 739,649 | ||||||
General Finance Corp.(a) | 16,982 | 105,968 | ||||||
Hub Group, Inc., Class A(a) | 53,358 | 2,426,188 | ||||||
Scorpio Bulkers, Inc. | 93,387 | 236,269 |
22
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Transportation Miscellaneous (continued) | ||||||||
Textainer Group Holdings Ltd.(a)(b) | 85,527 | $ | 703,032 | |||||
|
| |||||||
4,605,187 | ||||||||
Truckers — 0.5% | ||||||||
ArcBest Corp. | 41,559 | 728,114 | ||||||
Covenant Transportation Group, Inc., | 20,658 | 179,105 | ||||||
Daseke, Inc.(a)(b) | 77,092 | 107,929 | ||||||
Forward Air Corp.(b) | 47,525 | 2,407,141 | ||||||
FRP Holdings, Inc.(a) | 11,408 | 490,544 | ||||||
Heartland Express, Inc. | 75,060 | 1,393,864 | ||||||
Marten Transport Ltd. | 64,414 | 1,321,775 | ||||||
PAM Transportation Services, Inc.(a) | 2,919 | 89,759 | ||||||
Roadrunner Transportation Systems, Inc.(a)(b) | 5,327 | 13,584 | ||||||
Saia, Inc.(a)(b) | 43,287 | 3,183,326 | ||||||
Universal Logistics Holdings, Inc. | 12,578 | 164,772 | ||||||
US Xpress Enterprises, Inc., Class A(a) | 33,215 | 110,938 | ||||||
Werner Enterprises, Inc. | 74,636 | 2,706,302 | ||||||
YRC Worldwide, Inc.(a)(b) | 50,834 | 85,401 | ||||||
|
| |||||||
12,982,554 | ||||||||
Utilities: Electrical — 2.1% | ||||||||
ALLETE, Inc. | 89,319 | 5,419,877 | ||||||
Atlantic Power Corp.(a) | 165,051 | 353,209 | ||||||
Avista Corp. | 111,156 | 4,723,019 | ||||||
Black Hills Corp. | 102,034 | 6,533,237 | ||||||
Clearway Energy, Inc., Class A | 57,862 | 993,491 | ||||||
Clearway Energy, Inc., Class C | 130,681 | 2,456,803 | ||||||
El Paso Electric Co. | 67,164 | 4,564,466 | ||||||
Genie Energy Ltd., Class B | 22,491 | 161,485 | ||||||
MGE Energy, Inc. | 57,773 | 3,782,398 | ||||||
NorthWestern Corp. | 85,054 | 5,088,781 | ||||||
Otter Tail Corp. | 65,094 | 2,894,079 | ||||||
PNM Resources, Inc. | 131,705 | 5,004,790 | ||||||
Portland General Electric Co. | 147,913 | 7,090,949 | ||||||
Spark Energy, Inc., Class A | 18,805 | 117,907 | ||||||
Unitil Corp. | 23,567 | 1,233,025 | ||||||
|
| |||||||
50,417,516 | ||||||||
Utilities: Gas Distributors — 1.1% | ||||||||
Chesapeake Utilities Corp.(b) | 26,885 | 2,304,313 | ||||||
New Jersey Resources Corp. | 157,977 | 5,366,479 | ||||||
Northwest Natural Holding Co. | 50,060 | 3,091,205 | ||||||
RGC Resources, Inc. | 12,427 | 359,513 | ||||||
South Jersey Industries, Inc. | 153,772 | 3,844,300 | ||||||
Southwest Gas Holdings, Inc. | 89,997 | 6,260,191 | ||||||
Spire, Inc. | 82,314 | 6,130,747 | ||||||
|
| |||||||
27,356,748 | ||||||||
Utilities: Miscellaneous — 0.2% | ||||||||
Ormat Technologies, Inc. | 65,724 | 4,446,886 | ||||||
|
| |||||||
Utilities: Telecommunications — 1.2% | ||||||||
8x8, Inc.(a)(b) | 160,268 | 2,221,314 |
Security | Shares | Value | ||||||
Utilities: Telecommunications (continued) | ||||||||
ATN International, Inc. | 18,529 | $ | 1,087,838 | |||||
Boingo Wireless, Inc.(a) | 72,600 | 770,286 | ||||||
Cincinnati Bell, Inc.(a)(b) | 61,447 | 899,584 | ||||||
Cogent Communications Holdings, Inc. | 70,248 | 5,758,229 | ||||||
Consolidated Communications Holdings, Inc. | 118,584 | 539,557 | ||||||
Frontier Communications Corp.(a)(b) | 153,873 | 58,472 | ||||||
GTT Communications, Inc.(a)(b) | 54,523 | 433,458 | ||||||
IDT Corp., Class B(a) | 29,085 | 157,641 | ||||||
Iridium Communications, Inc.(a) | 164,360 | 3,670,159 | ||||||
j2 Global, Inc. | 77,523 | 5,802,597 | ||||||
ORBCOMM, Inc.(a) | 114,678 | 279,814 | ||||||
Shenandoah Telecommunications Co.(b) | 79,813 | 3,930,790 | ||||||
Spok Holdings, Inc. | 35,261 | 376,940 | ||||||
Vonage Holdings Corp.(a) | 376,532 | 2,722,326 | ||||||
|
| |||||||
28,709,005 | ||||||||
Utilities: Water — 0.6% | ||||||||
American States Water Co. | 60,729 | 4,963,989 | ||||||
Artesian Resources Corp., Class A | 13,005 | 486,127 | ||||||
California Water Service Group | 79,773 | 4,014,177 | ||||||
Consolidated Water Co. Ltd. | 27,377 | 448,983 | ||||||
Global Water Resources, Inc. | 18,165 | 185,101 | ||||||
Middlesex Water Co. | 27,518 | 1,654,382 | ||||||
Pure Cycle Corp.(a)(b) | 30,008 | 334,589 | ||||||
SJW Group | 44,054 | 2,545,000 | ||||||
York Water Co. | 21,139 | 918,701 | ||||||
|
| |||||||
15,551,049 | ||||||||
|
| |||||||
Total Common Stocks — 97.8% |
| 2,408,980,654 | ||||||
|
| |||||||
Investment Companies — 0.9% |
| |||||||
Equity Funds — 0.9% | ||||||||
iShares Russell 2000 ETF(d)(f) | 190,986 | 21,860,258 | ||||||
|
| |||||||
Total Investment Companies — 0.9% |
| 21,860,258 | ||||||
|
| |||||||
Total Long-Term Investments — 98.7% |
| 2,430,840,912 | ||||||
|
| |||||||
Short-Term Securities — 11.7% |
| |||||||
BlackRock Cash Funds: Institutional, | 254,771,274 | 254,720,319 |
23
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series (Percentages shown are based on Net Assets) |
Security | Shares | Value | ||||||
Short-Term Securities (continued) |
| |||||||
BlackRock Cash Funds: Treasury, | 32,755,776 | $ | 32,755,776 | |||||
|
| |||||||
Total Short-Term Securities — 11.7% |
| 287,476,095 | ||||||
|
|
Value | ||||||
Total Investments — 110.4% | $ | 2,718,317,007 | ||||
Liabilities in Excess of Other Assets — (10.4)% | (256,999,240 | ) | ||||
|
| |||||
Net Assets — 100.0% | $ | 2,461,317,767 | ||||
|
|
(a) | Non-income producing security. |
(b) | Security, or a portion of the security, is on loan. |
(c) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(d) | Annualized7-day yield as of period end. |
(e) | All or a portion of the security was purchased with the cash collateral from loaned securities. |
(f) | Investments in issuers considered to be an affiliate/affiliates of the Series during the period ended March 31, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: |
Affiliated Issuer | Shares Held at 12/31/19 | Shares Purchased | Shares Sold | Shares Held at 03/31/20 | Value at 03/31/20 | Income | Net Realized Gain (Loss) (a) | Change in Appreciation | ||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares | 391,429,044 | — | (136,657,770 | )(b) | 254,771,274 | $ | 254,720,319 | $ | 1,081,324 | (c) | $ | (47,702 | ) | $ | (93,295 | ) | ||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 28,859,257 | 3,896,519 | (b) | — | 32,755,776 | 32,755,776 | 130,494 | — | — | |||||||||||||||||||||||
iShares Russell 2000 ETF | 97,425 | 472,615 | (379,054 | ) | 190,986 | 21,860,258 | 47,066 | (3,144,010 | ) | (1,731,281 | ) | |||||||||||||||||||||
PennyMac Financial Services, Inc. | 3,162 | — | — | 3,162 | 69,912 | 379 | — | (37,722 | ) | |||||||||||||||||||||||
PennyMac Mortgage Investment Trust | 134,041 | 29,878 | — | 163,919 | 1,740,820 | — | — | (1,665,201 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
$ | 311,147,085 | $ | 1,259,263 | $ | (3,191,712 | ) | $ | (3,527,499 | ) | |||||||||||||||||||||||
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(a) | Includes net capital gain distributions, if applicable. |
(b) | Represents net shares purchased (sold). |
(c) | 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. |
For Series compliance purposes, the Series’ industry classifications refer to one or more of the industrysub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by the investment advisor. These definitions may not apply for purposes of this report, which may combine such industrysub-classifications for reporting ease.
Portfolio Abbreviations | ||
ETF | Exchange-Traded Fund | |
MBIA | Municipal Bond Investors Assurance (National Public Finance Guaranty Corp.) | |
REIT | Real Estate Investment Trust |
24
Schedule of Investments (unaudited) (continued) March 31, 2020 | 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 | ||||||||||||
Long Contracts | ||||||||||||||||
Russell 2000E-Mini Index | 563 | 06/19/20 | $ | 32,305 | $ | 1,649,241 | ||||||||||
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|
OTC Total Return Swaps (a)
Reference Entity | Counterparty | Termination Date | Net Notional | Unrealized (Depreciation) | Net Value of Entity | Gross Notional Amount Net Asset Percentage | ||||||||||||||||||||
Equity Securities Long: | JPMorgan Chase Bank N.A. | 02/08/23 | USD | 1,600,320 | $ | (73,660 | )(b) | $ | 1,524,623 | 0.07 | % | |||||||||||||||
Goldman Sachs. & Co. | 02/27/23 | USD | 1,465,783 | 158,918 | (c) | 1,616,886 | 0.06 | |||||||||||||||||||
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| |||||||||||||||||||||||
$ | 85,258 | $ | 3,141,509 | |||||||||||||||||||||||
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(a) | The Series’ receives the total return on a portfolio of long positions underlying the total return swap. In addition, the Series pays a variable rate of interest, based on a specified benchmark, plus or minus a spread of 65 basis points. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions. The following are the specified benchmarks used in determining the variable rate of interest: |
USD — 1D Overnight Bank Funding Rate
USD — 1D Overnight Fed Funds Effective Rate
(b) | Amount includes $2,037 of net dividends and financing fees. |
(c) | Amount includes $7,815 of net dividends and financing fees. |
25
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series
|
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 March 31, 2020 termination date 02/08/23
Shares | Value | % of Basket Value | ||||||||||
Reference Entity — Long |
| |||||||||||
Banks: Diversified | ||||||||||||
Banner Corp. | 1,694 | $ | 55,970 | 3.7 | % | |||||||
Boston Private Financial Holdings, Inc. | 8,372 | 59,860 | 3.9 | |||||||||
Central Pacific Financial Corp. | 6,077 | 96,624 | 6.4 | |||||||||
Community Bank System, Inc. | 6,139 | 360,973 | 23.7 | |||||||||
Hanmi Financial Corp. | 7,638 | 82,872 | 5.4 | |||||||||
United Community Banks, Inc. | 17,230 | 315,481 | 20.7 | |||||||||
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| |||||||||||
971,780 | ||||||||||||
Banks: Savings, Thrift & Mortgage Lending | ||||||||||||
Brookline Bancorp, Inc. | 11,206 | 126,404 | 8.3 | |||||||||
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Computer Services Software & Systems | ||||||||||||
Mitek Systems, Inc. | 19,025 | 149,917 | 9.8 | |||||||||
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Insurance: Multi-Line | ||||||||||||
Horace Mann Educators Corp. | 2,047 | 74,900 | 4.9 | |||||||||
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Leisure Time | ||||||||||||
Clarus Corp. | 4,991 | 48,912 | 3.2 | |||||||||
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| |||||||||||
Utilities: Telecommunications | ||||||||||||
Cincinnati Bell, Inc. | 10,431 | 152,710 | 10.0 | |||||||||
|
| |||||||||||
Total Reference Entity — Long |
| 1,524,623 | ||||||||||
|
| |||||||||||
Net Value of Reference Entity — JPMorgan Chase Bank N.A. |
| $ | 1,524,623 | |||||||||
|
|
The following table represents the individual long positions and related values of the equity securities underlying the total return swap with Goldman Sachs & Co. as of March 31, 2020 termination date 02/27/23
Shares | Value | % of Basket Value | ||||||||||
Reference Entity — Long |
| |||||||||||
Banks: Diversified | ||||||||||||
Boston Private Financial Holdings, Inc. | 6,477 | $ | 46,310 | 2.9 | % | |||||||
Columbia Banking System, Inc. | 4,502 | 120,654 | 7.4 | |||||||||
First Financial Bancorp | 2,354 | 35,098 | 2.2 | |||||||||
First Midwest Bancorp, Inc. | 2,825 | 37,389 | 2.3 | |||||||||
Great Western Bancorp, Inc. | 5,481 | 112,251 | 6.9 | |||||||||
Hanmi Financial Corp. | 1,899 | 20,604 | 1.3 | |||||||||
United Community Banks, Inc. | 18,518 | 339,065 | 21.0 | |||||||||
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| |||||||||||
711,371 | ||||||||||||
Electronic Components | ||||||||||||
Acacia Research Corp. | 57,405 | 127,439 | 7.9 | |||||||||
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Insurance: Life | ||||||||||||
American Equity Investment Life Holding Co. | 2,656 | 49,933 | 3.1 | |||||||||
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Insurance: Multi-Line | ||||||||||||
PICO Holdings, Inc. | 13,289 | 103,388 | 6.4 | |||||||||
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Insurance: Property-Casualty | ||||||||||||
Employers Holdings, Inc. | 10,767 | 436,171 | 27.0 | |||||||||
ProAssurance Corp. | 3,641 | 91,025 | 5.6 | |||||||||
Stewart Information Services Corp. | 3,658 | 97,559 | 6.0 | |||||||||
|
| |||||||||||
624,755 | ||||||||||||
|
| |||||||||||
Total Reference Entity — Long |
| 1,616,886 | ||||||||||
|
| |||||||||||
Net Value of Reference Entity — Goldman Sachs & Co. |
| $ | 1,616,886 | |||||||||
|
|
26
Schedule of Investments (unaudited) (continued) March 31, 2020 | Master Small Cap Index Series
|
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of investments and derivative 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) |
• | Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of investments and derivative 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 Global 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 investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Series’ policy regarding valuation of investments and derivative financial instruments, refer to the Series’ most recent financial statements as contained in its annual report.
The following tables summarize the Series’ investments and derivative financial instruments categorized in the disclosure hierarchy:
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: |
| |||||||||||||||
Investments: |
| |||||||||||||||
Long-Term Investments:(a) |
| |||||||||||||||
Common Stocks | $ | 2,408,960,337 | $ | — | $ | 20,317 | $ | 2,408,980,654 | ||||||||
Investment Companies | 21,860,258 | — | — | 21,860,258 | ||||||||||||
Short-Term Securities | 287,476,095 | — | — | 287,476,095 | ||||||||||||
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| |||||||||
$ | 2,718,296,690 | $ | — | $ | 20,317 | $ | 2,718,317,007 | |||||||||
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| |||||||||
Derivative Financial Instruments(b) |
| |||||||||||||||
Assets: |
| |||||||||||||||
Equity contracts | $ | 1,649,241 | $ | 158,918 | $ | — | $ | 1,808,159 | ||||||||
Liabilities: | ||||||||||||||||
Equity contracts | — | (73,660 | ) | — | (73,660 | ) | ||||||||||
|
|
|
|
|
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|
| |||||||||
$ | 1,649,241 | $ | 85,258 | $ | — | $ | 1,734,499 | |||||||||
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|
|
(a) | See above Schedule of Investments for values in each industry |
(b) | Derivative financial instruments are swaps and futures contracts. Swaps and futures contracts are valued at the unrealized appreciation (depreciation) on the instrument. |
27