INDEX FUNDS S&P 500® EQUAL WEIGHT | |||||
SCHEDULE OF INVESTMENTS | |||||
December 31, 2020 (Unaudited) | |||||
COMMON STOCKS — 98.79% | Shares | Fair Value | |||
Communications — 4.74% | |||||
Activision Blizzard, Inc. | 1,288 | $ 119,591 | |||
Alphabet, Inc., Class A(a) | 31 | 54,332 | |||
Alphabet, Inc., Class C(a) | 30 | 52,556 | |||
AT&T, Inc. | 3,474 | 99,912 | |||
Booking Holdings, Inc.(a) | 52 | 115,818 | |||
CenturyLink, Inc. | 10,573 | 103,087 | |||
Charter Communications, Inc., Class A(a) | 165 | 109,156 | |||
Comcast Corp., Class A | 2,115 | 110,826 | |||
Discovery Communications, Inc., Series C(a) | 2,663 | 69,744 | |||
Discovery, Inc., Series A(a) | 1,378 | 41,464 | |||
DISH Network Corp., Class A(a) | 2,992 | 96,761 | |||
Electronic Arts, Inc. | 793 | 113,875 | |||
Expedia, Inc. | 876 | 115,983 | |||
Facebook, Inc., Class A(a) | 394 | 107,625 | |||
Fox Corp., Class A | 2,540 | 73,965 | |||
Fox Corp., Class B | 1,158 | 33,443 | |||
Interpublic Group of Cos., Inc. | 4,504 | 105,934 | |||
Netflix, Inc.(a) | 214 | 115,716 | |||
News Corp., Class A | 4,575 | 82,212 | |||
News Corp., Class B | 1,432 | 25,447 | |||
Omnicom Group, Inc. | 1,668 | 104,033 | |||
Take-Two Interactive Software, Inc.(a) | 566 | 117,609 | |||
T-Mobile US, Inc.(a) | 821 | 110,712 | |||
Twitter, Inc.(a) | 2,094 | 113,390 | |||
VeriSign, Inc.(a) | 513 | 111,013 | |||
Verizon Communications, Inc. | 1,785 | 104,869 | |||
ViacomCBS, Inc., Class B | 3,026 | 112,749 | |||
Walt Disney Co. (The) | 613 | 111,063 | |||
2,632,885 | |||||
Consumer Discretionary — 11.75% | |||||
Advance Auto Parts, Inc. | 683 | 107,579 | |||
Amazon.com, Inc.(a) | 35 | 113,993 | |||
Aptiv PLC | 881 | 114,785 | |||
AutoZone, Inc.(a) | 93 | 110,246 | |||
Best Buy Co., Inc. | 1,071 | 106,875 | |||
BorgWarner, Inc. | 2,950 | 113,988 | |||
CarMax, Inc.(a) | 1,147 | 108,346 | |||
Carnival Corporation | 5,053 | 109,448 |
See Notes to Schedule of Investments.
Chipotle Mexican Grill, Inc.(a) | 83 | 115,097 | |||
Copart, Inc.(a) | 921 | 117,197 | |||
D.R. Horton, Inc. | 1,541 | 106,206 | |||
Darden Restaurants, Inc. | 956 | 113,879 | |||
Domino's Pizza, Inc. | 281 | 107,752 | |||
eBay, Inc. | 2,193 | 110,198 | |||
Etsy, Inc.(a) | 634 | 112,795 | |||
Ford Motor Co. | 11,945 | 104,997 | |||
Fortune Brands Home & Security, Inc. | 1,294 | 110,922 | |||
Gap, Inc./The | 5,167 | 104,322 | |||
General Motors Co. | 2,570 | 107,015 | |||
Genuine Parts Co. | 1,110 | 111,477 | |||
Hanesbrands, Inc. | 7,718 | 112,528 | |||
Hasbro, Inc. | 1,211 | 113,277 | |||
Hilton Worldwide Holdings, Inc. | 1,029 | 114,487 | |||
Home Depot, Inc. (The) | 407 | 108,107 | |||
L Brands, Inc. | 2,725 | 101,343 | |||
Las Vegas Sands Corp. | 1,899 | 113,180 | |||
Leggett & Platt, Inc. | 2,617 | 115,933 | |||
Lennar Corporation, Class A | 1,481 | 112,897 | |||
Live Nation Entertainment, Inc.(a) | 1,519 | 111,616 | |||
LKQ Corp.(a) | 2,939 | 103,570 | |||
Lowe's Cos., Inc. | 683 | 109,628 | |||
Marriott International, Inc., Class A | 838 | 110,549 | |||
Masco Corp. | 1,982 | 108,871 | |||
McDonald's Corp. | 519 | 111,367 | |||
MGM Resorts International | 3,570 | 112,491 | |||
Mohawk Industries, Inc.(a) | 800 | 112,760 | |||
Newell Brands, Inc. | 5,253 | 111,521 | |||
NIKE, Inc., Class B | 784 | 110,912 | |||
Norwegian Cruise Lines Holdings Ltd.(a) | 4,064 | 103,348 | |||
NVR, Inc.(a) | 27 | 110,156 | |||
O'Reilly Automotive, Inc.(a) | 241 | 109,069 | |||
Pool Corp. | 319 | 118,828 | |||
PulteGroup, Inc. | 2,544 | 109,697 | |||
PVH Corp. | 1,142 | 107,222 | |||
Ralph Lauren Corp. | 1,063 | 110,276 | |||
Ross Stores, Inc. | 955 | 117,284 | |||
Royal Caribbean Cruises Ltd. | 1,409 | 105,238 | |||
Starbucks Corporation | 1,046 | 111,901 | |||
Tapestry, Inc. | 3,673 | 114,157 | |||
Tesla, Inc.(a) | 177 | 124,903 | |||
Tiffany & Co. | 821 | 107,920 | |||
TJX Cos., Inc. (The) | 1,631 | 111,381 | |||
Tractor Supply Co. | 777 | 109,231 |
See Notes to Schedule of Investments.
Ulta Beauty, Inc.(a) | 406 | 116,587 | |||
Under Amour, Inc., Class A(a) | 3,290 | 56,489 | |||
Under Armour Inc, Class C(a) | 3,394 | 50,503 | |||
VF Corp. | 1,243 | 106,165 | |||
Whirlpool Corp. | 586 | 105,767 | |||
Wynn Resorts Ltd. | 971 | 109,558 | |||
Yum! Brands, Inc. | 1,017 | 110,406 | |||
6,528,240 | |||||
Consumer Staples — 6.84% | |||||
Altria Group, Inc. | 2,506 | 102,746 | |||
Archer-Daniels-Midland Co. | 2,163 | 109,037 | |||
Brown-Forman Corp., Class B | 1,411 | 112,076 | |||
Campbell Soup Co. | 2,282 | 110,335 | |||
Church & Dwight Co., Inc. | 1,255 | 109,474 | |||
Clorox Co./The | 534 | 107,825 | |||
Coca-Cola Co. (The) | 2,019 | 110,722 | |||
Colgate-Palmolive Co. | 1,272 | 108,769 | |||
ConAgra Foods, Inc. | 3,048 | 110,519 | |||
Constellation Brands, Inc., Class A | 525 | 115,000 | |||
Costco Wholesale Corp. | 287 | 108,136 | |||
Dollar General Corp. | 521 | 109,566 | |||
Dollar Tree, Inc.(a) | 1,011 | 109,228 | |||
Estee Lauder Cos, Inc./The, Class A | 438 | 116,592 | |||
General Mills, Inc. | 1,816 | 106,781 | |||
Hershey Co. (The) | 723 | 110,135 | |||
Hormel Foods Corp. | 2,283 | 106,411 | |||
J.M. Smucker Co. (The) | 935 | 108,086 | |||
Kellogg Co. | 1,735 | 107,969 | |||
Kimberly-Clark Corp. | 792 | 106,785 | |||
Kraft Heinz Co. (The) | 3,162 | 109,595 | |||
Kroger Co. (The) | 3,438 | 109,191 | |||
Lamb Weston Holdings, Inc. | 1,394 | 109,764 | |||
McCormick & Co., Inc./ MD, Non-Voting Shares | 1,153 | 110,227 | |||
Molson Coors Brewing Co., Class B | 2,278 | 102,943 | |||
Mondelez International, Inc., Class A | 1,877 | 109,748 | |||
Monster Beverage Corp.(a) | 1,224 | 113,196 | |||
PepsiCo, Inc. | 743 | 110,187 | |||
Philip Morris International, Inc. | 1,268 | 104,978 | |||
Procter & Gamble Co. (The) | 789 | 109,781 | |||
Sysco Corp. | 1,420 | 105,449 | |||
Target Corp. | 627 | 110,684 | |||
Tyson Foods, Inc., Class A | 1,555 | 100,204 | |||
Walgreens Boots Alliance, Inc. | 2,594 | 103,449 | |||
Wal-Mart Stores, Inc. | 733 | 105,662 | |||
3,801,250 |
See Notes to Schedule of Investments.
Energy — 4.55% | |||||
Apache Corp. | 6,692 | 94,959 | |||
Baker Hughes a GE Co. | 4,753 | 99,100 | |||
Cabot Oil & Gas Corp. | 6,338 | 103,183 | |||
Chevron Corp. | 1,165 | 98,384 | |||
Concho Resources, Inc. | 1,703 | 99,370 | |||
ConocoPhillips | 2,478 | 99,095 | |||
Devon Energy Corp. | 6,667 | 105,405 | |||
Diamondback Energy, Inc. | 2,150 | 104,060 | |||
EOG Resources, Inc. | 2,010 | 100,239 | |||
Exxon Mobil Corp. | 2,460 | 101,401 | |||
Halliburton Co. | 5,433 | 102,684 | |||
Hess Corp. | 1,903 | 100,459 | |||
HollyFrontier Corp. | 3,921 | 101,358 | |||
Kinder Morgan, Inc. | 7,304 | 99,846 | |||
Marathon Oil Corp. | 15,261 | 101,791 | |||
Marathon Petroleum Corp. | 2,511 | 103,855 | |||
National Oilwell Varco, Inc. | 7,524 | 103,305 | |||
Occidental Petroleum Corp. | 5,157 | 89,268 | |||
ONEOK, Inc. | 2,592 | 99,481 | |||
Phillips 66 | 1,550 | 108,407 | |||
Pioneer Natural Resources Co. | 932 | 106,145 | |||
Schlumberger Ltd. | 4,697 | 102,536 | |||
TechnipFMC PLC | 11,142 | 104,734 | |||
Valero Energy Corp. | 1,825 | 103,240 | |||
Williams Cos, Inc./The | 4,913 | 98,506 | |||
2,530,811 | |||||
Financials — 12.23% | |||||
Aflac, Inc. | 2,403 | 106,861 | |||
Allstate Corp. | 1,032 | 113,448 | |||
American Express Co. | 896 | 108,335 | |||
American International Group, Inc. | 2,778 | 105,175 | |||
Ameriprise Financial, Inc. | 562 | 109,213 | |||
Aon PLC, Class A | 528 | 111,551 | |||
Arthur J Gallagher & Co. | 898 | 111,092 | |||
Assurant, Inc. | 815 | 111,019 | |||
Bank of America Corp. | 3,771 | 114,299 | |||
Bank of New York Mellon Corp. (The) | 2,677 | 113,612 | |||
Berkshire Hathaway, Inc., Class B(a) | 476 | 110,370 | |||
BlackRock, Inc. | 155 | 111,839 | |||
Capital One Financial Corp. | 1,169 | 115,556 | |||
Cboe Global Markets, Inc. | 1,253 | 116,679 | |||
Charles Schwab Corp. (The) | 2,180 | 115,627 | |||
Chubb Ltd. | 701 | 107,898 | |||
Cincinnati Financial Corp. | 1,344 | 117,426 |
See Notes to Schedule of Investments.
Citigroup, Inc. | 1,828 | 112,714 | |||
Citizens Financial Group, Inc. | 3,046 | 108,925 | |||
CME Group, Inc. | 598 | 108,866 | |||
Comerica, Inc. | 2,045 | 114,234 | |||
Discover Financial Services | 1,291 | 116,874 | |||
Everest Re Group Ltd. | 465 | 108,852 | |||
Fifth Third Bancorp | 3,941 | 108,653 | |||
First Republic Bank | 831 | 122,098 | |||
Franklin Resources, Inc. | 4,428 | 110,656 | |||
Globe Life, Inc. | 1,150 | 109,204 | |||
Goldman Sachs Group, Inc. (The) | 449 | 118,407 | |||
Hartford Financial Services Group, Inc. (The) | 2,330 | 114,124 | |||
Huntington Bancshares, Inc. | 8,333 | 105,246 | |||
Intercontinental Exchange, Inc. | 990 | 114,137 | |||
Invesco Ltd. | 6,032 | 105,138 | |||
JPMorgan Chase & Co. | 901 | 114,490 | |||
KeyCorp | 6,802 | 111,621 | |||
Lincoln National Corp. | 2,099 | 105,601 | |||
Loews Corp. | 2,468 | 111,109 | |||
M&T Bank Corp. | 856 | 108,969 | |||
Marsh & McLennan Cos., Inc. | 933 | 109,161 | |||
MetLife, Inc. | 2,283 | 107,187 | |||
Morgan Stanley | 1,702 | 116,638 | |||
Nasdaq, Inc. | 857 | 113,758 | |||
Northern Trust Corp. | 1,196 | 111,395 | |||
People's United Financial, Inc. | 8,275 | 106,996 | |||
PNC Financial Services Group, Inc. | 750 | 111,750 | |||
Principal Financial Group, Inc. | 2,209 | 109,588 | |||
Progressive Corp./The | 1,141 | 112,822 | |||
Prudential Financial, Inc. | 1,371 | 107,034 | |||
Raymond James Financial, Inc. | 1,167 | 111,647 | |||
Regions Financial Corp. | 6,933 | 111,760 | |||
State Street Corp. | 1,480 | 107,714 | |||
SVB Financial Group(a) | 308 | 119,452 | |||
Synchrony Financial | 3,339 | 115,897 | |||
T. Rowe Price Group, Inc. | 711 | 107,638 | |||
Travelers Companies, Inc. (The) | 798 | 112,015 | |||
Truist Financial Corp. | 2,292 | 109,856 | |||
U.S. Bancorp | 2,350 | 109,487 | |||
Unum Group | 4,630 | 106,212 | |||
W.R. Berkley Corp. | 1,663 | 110,456 | |||
Wells Fargo & Co. | 3,705 | 111,817 | |||
Willis Towers Watson PLC | 527 | 111,028 | |||
Zions Bancorporation | 2,585 | 112,292 | |||
6,793,518 |
See Notes to Schedule of Investments.
Health Care — 12.42% | |||||
Abbott Laboratories | 1,007 | 110,256 | |||
AbbVie, Inc. | 1,013 | 108,543 | |||
ABIOMED, Inc.(a) | 417 | 135,192 | |||
Agilent Technologies, Inc. | 909 | 107,707 | |||
Alexion Pharmaceuticals, Inc.(a) | 891 | 139,209 | |||
Align Technology, Inc.(a) | 212 | 113,289 | |||
AmerisourceBergen Corp. | 1,099 | 107,438 | |||
Amgen, Inc. | 474 | 108,982 | |||
Anthem, Inc. | 346 | 111,097 | |||
Baxter International, Inc. | 1,358 | 108,966 | |||
Becton, Dickinson and Co. | 444 | 111,098 | |||
Biogen, Inc.(a) | 446 | 109,208 | |||
Bio-Rad Laboratories, Inc., Class A(a) | 190 | 110,759 | |||
Boston Scientific Corp.(a) | 3,207 | 115,292 | |||
Bristol-Myers Squibb Co. | 1,774 | 110,041 | |||
Cardinal Health, Inc. | 1,985 | 106,317 | |||
Catalent, Inc.(a) | 1,131 | 117,703 | |||
Centene Corp.(a) | 1,775 | 106,553 | |||
Cigna Corp. | 515 | 107,213 | |||
Cooper Cos., Inc. (The) | 318 | 115,536 | |||
CVS Health Corp. | 1,505 | 102,792 | |||
Danaher Corp. | 482 | 107,071 | |||
DaVita, Inc.(a) | 995 | 116,813 | |||
Dentsply Sirona, Inc. | 2,034 | 106,500 | |||
DexCom, Inc.(a) | 310 | 114,613 | |||
Edwards LifeSciences Corp.(a) | 1,280 | 116,774 | |||
Eli Lilly & Co. | 673 | 113,629 | |||
Gilead Sciences, Inc. | 1,773 | 103,295 | |||
HCA Healthcare, Inc. | 684 | 112,491 | |||
Henry Schein, Inc.(a) | 1,540 | 102,964 | |||
Hologic, Inc.(a) | 1,450 | 105,604 | |||
Humana, Inc. | 275 | 112,824 | |||
IDEXX Laboratories, Inc.(a) | 236 | 117,969 | |||
Illumina, Inc.(a) | 315 | 116,550 | |||
Incyte Corp.(a) | 1,325 | 115,249 | |||
Intuitive Surgical, Inc.(a) | 142 | 116,170 | |||
IQVIA Holdings, Inc.(a) | 642 | 115,027 | |||
Johnson & Johnson | 704 | 110,796 | |||
Laboratory Corp of America Holdings(a) | 528 | 107,474 | |||
McKesson Corp. | 617 | 107,309 | |||
Medtronic PLC | 959 | 112,337 | |||
Merck & Co., Inc. | 1,299 | 106,258 | |||
Mettler-Toledo International, Inc.(a) | 94 | 107,130 | |||
PerkinElmer, Inc. | 738 | 105,903 |
See Notes to Schedule of Investments.
Perrigo Co. PLC | 2,254 | 100,799 | |||
Pfizer, Inc. | 2,620 | 96,442 | |||
Quest Diagnostics, Inc. | 883 | 105,227 | |||
Regeneron Pharmaceuticals, Inc.(a) | 225 | 108,700 | |||
ResMed, Inc. | 527 | 112,019 | |||
STERIS PLC | 579 | 109,744 | |||
Stryker Corp. | 464 | 113,699 | |||
Teleflex, Inc. | 281 | 115,651 | |||
Thermo Fisher Scientific, Inc. | 229 | 106,664 | |||
UnitedHealth Group, Inc. | 320 | 112,218 | |||
Universal Health Services, Inc., Class B | 814 | 111,925 | |||
Varian Medical Systems, Inc.(a) | 617 | 107,981 | |||
Vertex Pharmaceuticals, Inc.(a) | 481 | 113,680 | |||
Viatris, Inc.(a) | 6,213 | 116,431 | |||
Waters Corp.(a) | 448 | 110,844 | |||
West Pharmaceutical Services, Inc. | 408 | 115,590 | |||
Zimmer Biomet Holdings, Inc. | 760 | 117,108 | |||
Zoetis, Inc. | 675 | 111,713 | |||
6,900,376 | |||||
Industrials — 13.66% | |||||
3M Co. | 619 | 108,195 | |||
A.O. Smith Corp. | 1,912 | 104,816 | |||
Alaska Air Group, Inc. | 2,160 | 112,320 | |||
Allegion PLC | 983 | 114,402 | |||
American Airlines Group, Inc. | 6,319 | 99,651 | |||
AMETEK, Inc. | 910 | 110,055 | |||
Amphenol Corp., Class A | 822 | 107,493 | |||
Boeing Co. (The) | 468 | 100,180 | |||
Carrier Global Corp. | 2,899 | 109,350 | |||
Caterpillar, Inc. | 601 | 109,394 | |||
CH Robinson Worldwide, Inc. | 1,156 | 108,514 | |||
Cintas Corporation | 309 | 109,219 | |||
CSX Corp. | 1,191 | 108,083 | |||
Cummins, Inc. | 493 | 111,960 | |||
Deere & Co. | 421 | 113,271 | |||
Delta Air Lines, Inc. | 2,581 | 103,782 | |||
Dover Corp. | 888 | 112,111 | |||
Eaton Corp. PLC | 932 | 111,970 | |||
Emerson Electric Co. | 1,307 | 105,044 | |||
Expeditors International of Washington, Inc. | 1,191 | 113,277 | |||
Fastenal Co. | 2,189 | 106,889 | |||
FedEx Corporation | 372 | 96,579 | |||
Flowserve Corp. | 2,905 | 107,049 | |||
Fortive Corp. | 1,572 | 111,329 | |||
General Dynamics Corp. | 712 | 105,960 |
See Notes to Schedule of Investments.
General Electric Co. | 9,654 | 104,263 | |||
Honeywell International, Inc. | 502 | 106,775 | |||
Howmet Aerospace Inc.(a) | 4,076 | 116,330 | |||
Huntington Ingalls Industries, Inc. | 606 | 103,311 | |||
IDEX Corp. | 558 | 111,154 | |||
Illinois Tool Works, Inc. | 529 | 107,853 | |||
Ingersoll Rand, Inc.(a) | 2,431 | 110,756 | |||
Jacobs Engineering Group, Inc. | 992 | 108,088 | |||
JB Hunt Transport Services, Inc. | 776 | 106,040 | |||
Johnson Controls International PLC | 2,365 | 110,185 | |||
Kansas City Southern | 548 | 111,863 | |||
Keysight Technologies, Inc.(a) | 853 | 112,673 | |||
L3 Harris Technologies, Inc. | 570 | 107,741 | |||
Lockheed Martin Corp. | 298 | 105,784 | |||
Norfolk Southern Corp. | 458 | 108,825 | |||
Northrop Grumman Corp. | 358 | 109,090 | |||
Old Dominion Freight Line, Inc. | 537 | 104,812 | |||
Otis Worldwide Corp. | 1,691 | 114,227 | |||
PACCAR, Inc. | 1,261 | 108,799 | |||
Parker-Hannifin Corp. | 392 | 106,785 | |||
Pentair PLC | 2,094 | 111,170 | |||
Quanta Services, Inc. | 1,495 | 107,670 | |||
Raytheon Technologies Corp. | 1,478 | 105,692 | |||
Republic Services, Inc. | 1,134 | 109,204 | |||
Robert Half International, Inc. | 1,678 | 104,841 | |||
Rockwell Automation, Inc. | 437 | 109,604 | |||
Rollins, Inc. | 2,938 | 114,788 | |||
Roper Technologies, Inc. | 256 | 110,359 | |||
Snap-on, Inc. | 596 | 101,999 | |||
Southwest Airlines Co. | 2,348 | 109,440 | |||
Stanley Black & Decker, Inc. | 615 | 109,814 | |||
TE Connectivity Ltd. | 912 | 110,416 | |||
Teledyne Technologies, Inc.(a) | 278 | 108,970 | |||
Textron, Inc. | 2,262 | 109,322 | |||
Trane Technologies PLC | 770 | 111,773 | |||
Transdigm Group, Inc. | 179 | 110,774 | |||
Union Pacific Corp. | 531 | 110,565 | |||
United Airlines Holdings, Inc.(a) | 2,228 | 96,361 | |||
United Parcel Service, Inc., Class B | 640 | 107,776 | |||
United Rentals, Inc.(a) | 448 | 103,896 | |||
Vontier Corp.(a) | 3,455 | 115,397 | |||
W.W. Grainger, Inc. | 267 | 109,026 | |||
Wabtec Corp. | 1,439 | 105,335 | |||
Waste Management, Inc. | 934 | 110,147 |
See Notes to Schedule of Investments.
Xylem, Inc. | 1,094 | 111,358 | |||
7,591,944 | |||||
Materials — 5.53% | |||||
Air Products & Chemicals, Inc. | 403 | 110,108 | |||
Albemarle Corp. | 777 | 114,623 | |||
Amcor PLC | 9,418 | 110,849 | |||
Avery Dennison Corp. | 718 | 111,369 | |||
Ball Corp. | 1,164 | 108,462 | |||
Celanese Corp. | 822 | 106,811 | |||
CF Industries Holdings, Inc. | 2,737 | 105,949 | |||
Corteva, Inc. | 2,806 | 108,648 | |||
Dow, Inc. | 1,995 | 110,723 | |||
DuPont de Nemours, Inc. | 1,623 | 115,413 | |||
Eastman Chemical Co. | 1,051 | 105,394 | |||
Ecolab, Inc. | 487 | 105,367 | |||
FMC Corp. | 925 | 106,310 | |||
Freeport-McMoRan, Inc. | 4,378 | 113,915 | |||
International Flavors & Fragrances, Inc. | 970 | 105,575 | |||
International Paper Co. | 2,216 | 110,180 | |||
Linde Public Limited Company | 432 | 113,836 | |||
Lyondellbasell Industries NV, A | 1,217 | 111,550 | |||
Martin Marietta Materials, Inc. | 403 | 114,440 | |||
Mosaic Co./The | 4,847 | 111,529 | |||
Newmont Goldcorp Corp. | 1,830 | 109,599 | |||
Nucor Corp. | 1,902 | 101,167 | |||
Packaging Corp. of America | 795 | 109,638 | |||
PPG Industries, Inc. | 754 | 108,742 | |||
Sealed Air Corp. | 2,407 | 110,217 | |||
Sherwin-Williams Co. (The) | 150 | 110,237 | |||
Vulcan Materials Company | 776 | 115,088 | |||
WestRock Co. | 2,475 | 107,737 | |||
3,073,476 | |||||
Real Estate — 5.86% | |||||
Alexandria Real Estate Equities, Inc. | 624 | 111,209 | |||
American Tower Corp., A | 490 | 109,985 | |||
AvalonBay Communities, Inc. | 664 | 106,526 | |||
Boston Properties, Inc. | 1,078 | 101,903 | |||
CBRE Group, Inc., Class A(a) | 1,629 | 102,171 | |||
Crown Castle International Corp. | 683 | 108,727 | |||
Digital Realty Trust, Inc. | 827 | 115,374 | |||
Duke Realty Corp. | 2,810 | 112,316 | |||
Equinix, Inc. | 156 | 111,412 | |||
Equity Residential | 1,828 | 108,364 | |||
Essex Property Trust, Inc. | 442 | 104,940 | |||
Extra Space Storage, Inc. | 976 | 113,079 |
See Notes to Schedule of Investments.
Federal Realty Investment Trust | 1,195 | 101,718 | |||
Healthpeak Properties, Inc. | 3,673 | 111,035 | |||
Host Hotels & Resorts, Inc. | 7,425 | 108,628 | |||
Iron Mountain, Inc. | 3,546 | 104,536 | |||
Kimco Realty Corp. | 7,304 | 109,633 | |||
Mid-America Apartment Communities, Inc. | 886 | 112,247 | |||
Prologis, Inc. | 1,107 | 110,324 | |||
Public Storage | 490 | 113,155 | |||
Realty Income Corp. | 1,782 | 110,787 | |||
Regency Centers Corp. | 2,288 | 104,310 | |||
SBA Communications Corp., A | 391 | 110,313 | |||
Simon Property Group, Inc. | 1,226 | 104,553 | |||
SL Green Realty Corp. | 1,815 | 108,138 | |||
UDR, Inc. | 2,825 | 108,565 | |||
Ventas, Inc. | 2,197 | 107,741 | |||
Vornado Realty Trust | 2,777 | 103,693 | |||
Welltower, Inc. | 1,677 | 108,368 | |||
Weyerhaeuser Co. | 3,367 | 112,896 | |||
3,256,646 | |||||
Technology — 15.71% | |||||
Accenture PLC, A | 438 | 114,410 | |||
Adobe Systems, Inc.(a) | 226 | 113,027 | |||
Advanced Micro Devices, Inc.(a) | 1,176 | 107,851 | |||
Akamai Technologies, Inc.(a) | 1,041 | 109,295 | |||
Analog Devices, Inc. | 763 | 112,718 | |||
ANSYS, Inc.(a) | 321 | 116,780 | |||
Apple, Inc. | 880 | 116,767 | |||
Applied Materials, Inc. | 1,220 | 105,286 | |||
Arista Networks, Inc.(a) | 388 | 112,741 | |||
Autodesk, Inc.(a) | 385 | 117,556 | |||
Automatic Data Processing, Inc. | 621 | 109,420 | |||
Broadcom, Inc. | 265 | 116,030 | |||
Broadridge Financial Solutions, Inc. | 730 | 111,836 | |||
Cadence Design Systems, Inc.(a) | 909 | 124,014 | |||
CDW Corp. | 824 | 108,595 | |||
Cerner Corporation | 1,446 | 113,482 | |||
Cisco Systems, Inc. | 2,431 | 108,787 | |||
Citrix Systems, Inc. | 825 | 107,333 | |||
Cognizant Technology Solutions Corp., A | 1,372 | 112,435 | |||
Corning, Inc. | 3,023 | 108,828 | |||
DXC Technology Co. | 4,502 | 115,927 | |||
Equifax, Inc. | 573 | 110,497 | |||
F5 Networks, Inc.(a) | 625 | 109,963 | |||
Fidelity National Information Services, Inc. | 729 | 103,124 | |||
Fiserv, Inc.(a) | 938 | 106,801 |
See Notes to Schedule of Investments.
FleetCor Technologies, Inc.(a) | 394 | 107,495 | |||
FLIR Systems, Inc. | 2,574 | 112,818 | |||
Fortinet, Inc.(a) | 839 | 124,616 | |||
Garmin Ltd. | 906 | 108,412 | |||
Gartner, Inc.(a) | 696 | 111,492 | |||
Global Payments, Inc. | 561 | 120,851 | |||
Hewlett Packard Enterprise Co. | 8,986 | 106,484 | |||
HP, Inc. | 4,662 | 114,639 | |||
IHS Markit Ltd. | 1,206 | 108,335 | |||
Intel Corp. | 2,167 | 107,960 | |||
International Business Machines Corp. | 867 | 109,138 | |||
Intuit, Inc. | 296 | 112,436 | |||
IPG Photonics Corp.(a) | 515 | 115,252 | |||
Jack Henry & Associates, Inc. | 691 | 111,935 | |||
Juniper Networks, Inc. | 4,915 | 110,637 | |||
KLA Corp. | 418 | 108,224 | |||
Lam Research Corp. | 219 | 103,427 | |||
Leidos Holdings, Inc. | 1,022 | 107,433 | |||
MarketAxess Holdings, Inc. | 197 | 112,400 | |||
MasterCard, Inc., Class A | 329 | 117,433 | |||
Maxim Integrated Products, Inc. | 1,279 | 113,383 | |||
Microchip Technology, Inc. | 766 | 105,792 | |||
Micron Technology, Inc.(a) | 1,528 | 114,875 | |||
Microsoft Corp. | 505 | 112,322 | |||
Moody's Corp. | 392 | 113,774 | |||
Motorola Solutions, Inc. | 640 | 108,838 | |||
MSCI, Inc. | 257 | 114,758 | |||
NetApp, Inc. | 1,743 | 115,456 | |||
Nielsen Holdings PLC | 5,641 | 117,728 | |||
NortonLifeLock, Inc. | 5,500 | 114,290 | |||
NVIDIA Corporation | 207 | 108,095 | |||
Oracle Corp. | 1,778 | 115,019 | |||
Paychex, Inc. | 1,173 | 109,300 | |||
Paycom Software, Inc.(a) | 254 | 114,872 | |||
PayPal Holdings, Inc.(a) | 503 | 117,803 | |||
Qorvo, Inc.(a) | 706 | 117,387 | |||
QUALCOMM, Inc. | 747 | 113,798 | |||
S&P Global, Inc. | 332 | 109,138 | |||
salesforce.com, Inc.(a) | 484 | 107,705 | |||
Seagate Technology PLC | 1,664 | 103,434 | |||
ServiceNow, Inc.(a) | 200 | 110,086 | |||
Skyworks Solutions, Inc. | 774 | 118,330 | |||
Synopsys, Inc.(a) | 456 | 118,213 | |||
Teradyne, Inc. | 934 | 111,977 | |||
Texas Instruments, Inc. | 671 | 110,131 |
See Notes to Schedule of Investments.
Tyler Technologies, Inc.(a) | 239 | 104,328 | |||
Verisk Analytics, Inc. | 555 | 115,212 | |||
Visa, Inc., Class A | 522 | 114,177 | |||
Western Digital Corp. | 2,109 | 116,819 | |||
Western Union Co. (The) | 4,869 | 106,826 | |||
Xerox Holdings Corporation | 4,734 | 109,781 | |||
Xilinx, Inc. | 749 | 106,186 | |||
Zebra Technologies Corp., A(a) | 285 | 109,534 | |||
8,724,287 | |||||
Utilities — 5.50% | |||||
AES Corp. | 5,094 | 119,709 | |||
Alliant Energy Corp. | 2,084 | 107,389 | |||
Ameren Corp. | 1,391 | 108,581 | |||
American Electric Power Co., Inc. | 1,302 | 108,418 | |||
American Water Works Co., Inc. | 727 | 111,572 | |||
Atmos Energy Corp. | 1,088 | 103,828 | |||
CenterPoint Energy, Inc. | 4,954 | 107,205 | |||
CMS Energy Corp. | 1,814 | 110,672 | |||
Consolidated Edison, Inc. | 1,473 | 106,454 | |||
Dominion Energy, Inc. | 1,438 | 108,138 | |||
DTE Energy Co. | 861 | 104,534 | |||
Duke Energy Corp. | 1,177 | 107,766 | |||
Edison International | 1,716 | 107,799 | |||
Entergy Corp. | 1,048 | 104,632 | |||
Evergy, Inc. | 1,954 | 108,467 | |||
Eversource Energy | 1,256 | 108,657 | |||
Exelon Corp. | 2,616 | 110,448 | |||
FirstEnergy Corp. | 3,546 | 108,543 | |||
NextEra Energy, Inc. | 1,460 | 112,639 | |||
Nisource, Inc. | 4,707 | 107,979 | |||
NRG Energy, Inc. | 3,247 | 121,924 | |||
Pinnacle West Capital Corp. | 1,351 | 108,012 | |||
PPL Corp. | 3,837 | 108,203 | |||
Public Service Enterprise Group, Inc. | 1,908 | 111,236 | |||
Sempra Energy | 842 | 107,279 | |||
Southern Co./The | 1,783 | 109,530 | |||
WEC Energy Group, Inc. | 1,168 | 107,491 | |||
Xcel Energy, Inc. | 1,658 | 110,539 | |||
3,057,644 | |||||
Total Common Stocks (Cost $38,083,083) | 54,891,077 | ||||
See Notes to Schedule of Investments.
EXCHANGE-TRADED FUNDS — 1.17% | Shares | Fair Value | |||
Equity — 1.17% | |||||
SPDR S&P 500 ETF Trust | 1,740 | 650,551 | |||
Total Exchange-Traded Funds (Cost $644,259) | 650,551 | ||||
Total Investments — 99.96% (Cost $38,727,342) | 55,541,628 | ||||
Other Assets in Excess of Liabilities — 0.04% | 24,526 | ||||
NET ASSETS — 100.00% | $ 55,566,154 | ||||
(a) | Non-income producing security. |
As of December 31, 2020, the net unrealized appreciation (depreciation) of investments for federal income tax purposes was as follows:
Gross unrealized appreciation | $ 15,251,439 | |
Gross unrealized depreciation | (317,458) | |
Net unrealized appreciation/(depreciation) on investments | $ 14,933,981 | |
Tax cost of investments | $ 40,607,647 |
See Notes to Schedule of Investments.
Index Funds S&P 500® Equal Weight
Related Notes to the Schedule of Investments
December 31, 2020
(Unaudited)
The Index Funds S&P 500® Equal Weight (the “Fund”) is a separate series of Index Funds, an open-end management investment company and follow accounting and reporting guidance under Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 946, “Financial Services-Investment Companies.” The following is a summary of significant accounting policies followed by the Funds in the preparation of their financial statements. These policies are in conformity with the generally accepted accounting principles in the United States of America (“GAAP”).
Transactions — Investment security transactions are accounted for on trade date. Gains and losses on securities sold are determined on a specific identification basis.
Investment Income — Dividend income is recorded on the ex-dividend date. Withholding taxes on foreign dividends have been provided for in accordance with the Fund’s understanding of the applicable country’s tax rules and rates. Interest income which includes amortization of premium and accretion of discount, is recorded on the accrual basis. Investment Valuation — The Fund’s portfolio securities are valued as of the close of trading of the New York Stock Exchange (“NYSE”) (normally 4:00 p.m., Eastern Time). Each security, excluding short-term investments, is valued at the last sale price reported by the principal security exchange on which the issue is traded. Money market funds, representing short-term investments, are valued at their daily net asset value. Securities that are traded on the Nasdaq Stock Market, Inc. are valued at the Nasdaq Official Closing Price or if no sale is reported, the mean between the bid and the ask. Securities which are traded over-the-counter are valued at the last sale price or, if no sale, at the mean between the bid and the ask. Securities for which quotations are not readily available are valued at fair value as determined by the investment adviser in accordance with procedures approved by the Board of Trustees (the “Board”). The fair value of a security is the amount which the Fund might reasonably expect to receive upon a current sale. The fair value of a security may differ from the last quoted price and the Fund may not be able to sell a security at the fair value. Market quotations may not be available, for example, if trading in particular securities was halted during the day and not resumed prior to the close of trading on the NYSE. As of December 31, 2020, there were no securities that were internally fair valued.
Fair Value Measurements — A three-tier hierarchy has been established to classify fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability that are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability that are developed based on the best information available. In accordance with the authoritative guidance on fair value measurements and disclosure under GAAP, the Fund discloses fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value.
Various inputs are used in determining the value of the Fund’s investments as of the reporting period end. These inputs are categorized in the following hierarchy under applicable financial accounting standards:
Level 1— Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Fund has the ability to access at the measurement date;
Level 2— Quoted prices which are not active, quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and
Level 3— Significant unobservable prices or inputs (including the Fund’s own assumptions in determining the fair value of investments) where there is little or no market activity for the asset or liability at the measurement date.
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace,
Index Funds S&P 500® Equal Weight
Related Notes to the Schedule of Investments - continued
December 31, 2020
(Unaudited)
the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments
categorized in Level 3.
An investment level within the fair value hierarchy is based on the lowest level input, individually or in the aggregate, that is significant to fair value measurement. The valuation techniques used by the Fund to measure fair value during the period ended December 31, 2020, maximized the use of observable inputs and minimized the use of unobservable inputs.
The inputs or methodologies used for valuing securities are not necessarily an indication of the risk or liquidity associated with investing in those securities. The following is a summary of the inputs used in valuing the Fund’s investments as of December 31, 2020:
Valuation Inputs | ||||
Level 1 | Level 2 | Level 3 | Total | |
Assets | ||||
Common Stocks(a) | $ 54,891,077 | $ - | $ - | $ 54,891,077 |
Exchange-Traded Funds | 650,551 | - | - | 650,551 |
Total | $ 55,541,628 | $ - | $ - | $ 55,541,628 |
(a) | Refer to the schedule of investments for sector classifications |
The Funds did not hold any investments at the end of the reporting period for which significant unobservable inputs (Level 3) were used in determining fair value; therefore, no reconciliation of Level 3 securities is included for this reporting period.