UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-21990
Fidelity Commonwealth Trust II
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Cynthia Lo Bessette, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | February 28 |
Date of reporting period: | August 31, 2022 |
Item 1.
Reports to Stockholders
Contents
Board Approval of Investment Advisory Contracts and Management Fees |
Top Holdings (% of Fund's net assets) | ||
Shockwave Medical, Inc. | 0.8 | |
Qualys, Inc. | 0.8 | |
ExlService Holdings, Inc. | 0.8 | |
Terreno Realty Corp. | 0.7 | |
ABM Industries, Inc. | 0.7 | |
Texas Roadhouse, Inc. Class A | 0.7 | |
Watts Water Technologies, Inc. Class A | 0.7 | |
Belden, Inc. | 0.7 | |
Atkore, Inc. | 0.6 | |
Group 1 Automotive, Inc. | 0.6 | |
7.1 | ||
Market Sectors (% of Fund's net assets) | ||
Health Care | 18.0 | |
Industrials | 16.7 | |
Financials | 15.7 | |
Information Technology | 14.4 | |
Consumer Discretionary | 9.2 | |
Energy | 6.4 | |
Real Estate | 5.6 | |
Materials | 3.5 | |
Consumer Staples | 3.0 | |
Communication Services | 2.9 | |
Utilities | 2.3 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 4.4% |
Common Stocks - 97.6% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 2.8% | |||
Diversified Telecommunication Services - 0.9% | |||
Bandwidth, Inc. (a) | 22,716 | 352,098 | |
Cogent Communications Group, Inc. | 23,813 | 1,268,042 | |
EchoStar Holding Corp. Class A (a)(b) | 127,679 | 2,350,570 | |
IDT Corp. Class B (a) | 16,592 | 424,257 | |
Ooma, Inc. (a) | 83,256 | 1,007,398 | |
5,402,365 | |||
Entertainment - 0.3% | |||
Lions Gate Entertainment Corp.: | |||
Class A (a)(b) | 67,285 | 662,757 | |
Class B (a) | 78,702 | 734,290 | |
1,397,047 | |||
Interactive Media & Services - 1.1% | |||
EverQuote, Inc. Class A (a) | 22,163 | 191,710 | |
Shutterstock, Inc. (b) | 30,398 | 1,684,353 | |
TrueCar, Inc. (a) | 216,791 | 472,604 | |
Vimeo, Inc. (a) | 80,413 | 476,045 | |
Yelp, Inc. (a) | 101,518 | 3,468,870 | |
Zedge, Inc. (a)(b) | 20,492 | 57,992 | |
6,351,574 | |||
Media - 0.2% | |||
John Wiley & Sons, Inc. Class A | 11,648 | 536,157 | |
TEGNA, Inc. | 23,373 | 500,182 | |
1,036,339 | |||
Wireless Telecommunication Services - 0.3% | |||
Telephone & Data Systems, Inc. | 96,274 | 1,566,378 | |
U.S. Cellular Corp. (a) | 12,383 | 354,030 | |
1,920,408 | |||
TOTAL COMMUNICATION SERVICES | 16,107,733 | ||
CONSUMER DISCRETIONARY - 9.2% | |||
Auto Components - 1.2% | |||
American Axle & Manufacturing Holdings, Inc. (a) | 141,928 | 1,468,955 | |
LCI Industries | 15,068 | 1,745,929 | |
Luminar Technologies, Inc. (a)(b) | 20,546 | 177,107 | |
Modine Manufacturing Co. (a) | 63,178 | 946,406 | |
Patrick Industries, Inc. | 4,400 | 233,068 | |
Standard Motor Products, Inc. | 21,433 | 786,591 | |
The Goodyear Tire & Rubber Co. (a) | 107,810 | 1,512,574 | |
6,870,630 | |||
Automobiles - 0.5% | |||
Winnebago Industries, Inc. (b) | 49,058 | 2,824,760 | |
Distributors - 0.1% | |||
Funko, Inc. (a) | 24,802 | 552,341 | |
Diversified Consumer Services - 0.5% | |||
American Public Education, Inc. (a) | 13,696 | 141,480 | |
Coursera, Inc. (a) | 1,245 | 14,318 | |
Duolingo, Inc. (a) | 7,136 | 670,927 | |
Graham Holdings Co. | 1,407 | 795,560 | |
PowerSchool Holdings, Inc. (a)(b) | 12,100 | 217,800 | |
Stride, Inc. (a)(b) | 26,796 | 1,021,999 | |
2,862,084 | |||
Hotels, Restaurants & Leisure - 1.8% | |||
Bloomin' Brands, Inc. | 129,509 | 2,618,672 | |
Chuy's Holdings, Inc. (a) | 8,191 | 182,905 | |
Hilton Grand Vacations, Inc. (a) | 8,021 | 327,096 | |
International Game Technology PLC (b) | 61,541 | 1,104,046 | |
Texas Roadhouse, Inc. Class A | 44,183 | 3,921,683 | |
Wingstop, Inc. (b) | 16,449 | 1,872,883 | |
10,027,285 | |||
Household Durables - 1.8% | |||
Century Communities, Inc. (b) | 45,940 | 2,144,939 | |
Flexsteel Industries, Inc. (b) | 18,297 | 320,015 | |
Installed Building Products, Inc. (b) | 24,476 | 2,216,547 | |
M.D.C. Holdings, Inc. | 8,564 | 266,169 | |
M/I Homes, Inc. (a) | 42,880 | 1,854,131 | |
Meritage Homes Corp. (a) | 25,735 | 2,016,337 | |
Skyline Champion Corp. (a) | 21,703 | 1,229,909 | |
Taylor Morrison Home Corp. (a) | 11,843 | 297,378 | |
10,345,425 | |||
Internet & Direct Marketing Retail - 0.2% | |||
Quotient Technology, Inc. (a) | 289,424 | 538,329 | |
Revolve Group, Inc. (a) | 25,196 | 591,854 | |
1,130,183 | |||
Leisure Products - 0.4% | |||
Johnson Outdoors, Inc. Class A | 14,563 | 890,382 | |
Nautilus, Inc. (a) | 101,906 | 205,850 | |
Vista Outdoor, Inc. (a) | 37,480 | 1,053,938 | |
2,150,170 | |||
Multiline Retail - 0.1% | |||
Dillard's, Inc. Class A (b) | 2,804 | 830,657 | |
Specialty Retail - 2.4% | |||
Academy Sports & Outdoors, Inc. | 8,990 | 387,289 | |
American Eagle Outfitters, Inc. | 70,527 | 794,134 | |
Asbury Automotive Group, Inc. (a) | 6,697 | 1,168,493 | |
Group 1 Automotive, Inc. (b) | 19,939 | 3,560,906 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 6,161 | 1,635,376 | |
MarineMax, Inc. (a) | 42,215 | 1,534,093 | |
Monro, Inc. (b) | 5,600 | 259,336 | |
Murphy U.S.A., Inc. | 2,235 | 648,530 | |
Sonic Automotive, Inc. Class A (sub. vtg.) (b) | 33,740 | 1,794,631 | |
The Container Store Group, Inc. (a) | 73,231 | 496,506 | |
TravelCenters of America LLC (a) | 28,009 | 1,514,727 | |
13,794,021 | |||
Textiles, Apparel & Luxury Goods - 0.2% | |||
G-III Apparel Group Ltd. (a) | 32,620 | 687,303 | |
Lakeland Industries, Inc. (a)(b) | 23,640 | 319,140 | |
Rocky Brands, Inc. | 7,381 | 192,866 | |
1,199,309 | |||
TOTAL CONSUMER DISCRETIONARY | 52,586,865 | ||
CONSUMER STAPLES - 3.0% | |||
Beverages - 1.0% | |||
Coca-Cola Bottling Co. Consolidated | 5,994 | 2,843,134 | |
Duckhorn Portfolio, Inc. (a) | 29,275 | 533,976 | |
Primo Water Corp. | 153,884 | 2,022,036 | |
The Vita Coco Co., Inc. | 5,500 | 82,445 | |
5,481,591 | |||
Food & Staples Retailing - 0.8% | |||
Ingles Markets, Inc. Class A | 22,660 | 1,983,430 | |
Natural Grocers by Vitamin Cottage, Inc. | 22,015 | 316,135 | |
Sprouts Farmers Market LLC (a) | 51,233 | 1,480,634 | |
Weis Markets, Inc. | 10,616 | 824,969 | |
4,605,168 | |||
Food Products - 0.8% | |||
Hostess Brands, Inc. Class A (a) | 152,889 | 3,543,967 | |
The Hain Celestial Group, Inc. (a) | 23,623 | 478,602 | |
TreeHouse Foods, Inc. (a) | 4,221 | 196,699 | |
Utz Brands, Inc. Class A (b) | 16,163 | 269,276 | |
4,488,544 | |||
Personal Products - 0.4% | |||
BellRing Brands, Inc. (a) | 15,144 | 358,761 | |
elf Beauty, Inc. (a) | 47,077 | 1,795,046 | |
Herbalife Nutrition Ltd. (a) | 12,998 | 339,118 | |
2,492,925 | |||
TOTAL CONSUMER STAPLES | 17,068,228 | ||
ENERGY - 6.4% | |||
Energy Equipment & Services - 0.8% | |||
Bristow Group, Inc. (a)(b) | 14,184 | 411,478 | |
Dril-Quip, Inc. (a) | 9,169 | 202,910 | |
Helmerich & Payne, Inc. | 11,776 | 503,424 | |
Nabors Industries Ltd. (a) | 15,685 | 2,078,419 | |
Nabors Industries Ltd. warrants 6/11/26 (a) | 10,764 | 368,667 | |
Oceaneering International, Inc. (a) | 92,683 | 820,245 | |
Patterson-UTI Energy, Inc. | 15,233 | 226,972 | |
U.S. Silica Holdings, Inc. (a) | 11,646 | 163,393 | |
Weatherford International PLC (a) | 1,200 | 33,768 | |
4,809,276 | |||
Oil, Gas & Consumable Fuels - 5.6% | |||
Arch Resources, Inc. (b) | 13,750 | 2,001,725 | |
Centennial Resource Development, Inc. Class A (a) | 181,492 | 1,493,679 | |
Chord Energy Corp. | 17,088 | 2,418,806 | |
CNX Resources Corp. (a) | 26,337 | 465,375 | |
CONSOL Energy, Inc. (b) | 24,734 | 1,775,407 | |
Delek U.S. Holdings, Inc. | 63,927 | 1,805,938 | |
DHT Holdings, Inc. | 39,497 | 308,472 | |
Equitrans Midstream Corp. | 259,203 | 2,402,812 | |
Excelerate Energy, Inc. | 12,007 | 308,340 | |
Frontline Ltd. (NY Shares) (b) | 40,183 | 476,570 | |
Golar LNG Ltd. (a) | 109,310 | 2,980,884 | |
Kosmos Energy Ltd. (a) | 139,151 | 983,798 | |
Magnolia Oil & Gas Corp. Class A | 82,863 | 1,977,940 | |
Matador Resources Co. (b) | 11,155 | 664,838 | |
Murphy Oil Corp. | 33,617 | 1,310,054 | |
PBF Energy, Inc. Class A (a) | 47,737 | 1,630,696 | |
Peabody Energy Corp. (a) | 21,829 | 538,303 | |
Ranger Oil Corp. | 13,522 | 527,223 | |
Scorpio Tankers, Inc. | 37,952 | 1,578,803 | |
SFL Corp. Ltd. | 52,372 | 560,380 | |
SM Energy Co. | 31,523 | 1,389,219 | |
Southwestern Energy Co. (a) | 50,234 | 376,253 | |
Talos Energy, Inc. (a) | 31,468 | 652,332 | |
Uranium Energy Corp. (a)(b) | 125,848 | 568,833 | |
W&T Offshore, Inc. (a) | 86,496 | 562,224 | |
World Fuel Services Corp. | 78,000 | 2,012,400 | |
31,771,304 | |||
TOTAL ENERGY | 36,580,580 | ||
FINANCIALS - 15.7% | |||
Banks - 9.0% | |||
1st Source Corp. | 14,701 | 693,740 | |
Banc of California, Inc. (b) | 47,432 | 800,652 | |
BancFirst Corp. (b) | 5,689 | 613,616 | |
Banner Corp. | 25,088 | 1,524,347 | |
Berkshire Hills Bancorp, Inc. | 954 | 26,912 | |
Capital City Bank Group, Inc. | 2,442 | 77,973 | |
Cathay General Bancorp | 34,993 | 1,467,606 | |
Central Pacific Financial Corp. | 15,802 | 344,326 | |
Citizens Financial Group, Inc. | 74,522 | 2,733,467 | |
Columbia Banking Systems, Inc. (b) | 100,805 | 3,019,110 | |
Community Bank System, Inc. | 23,154 | 1,513,809 | |
Community Trust Bancorp, Inc. | 8,634 | 364,787 | |
ConnectOne Bancorp, Inc. | 6,461 | 161,719 | |
Eastern Bankshares, Inc. | 65,251 | 1,265,869 | |
Financial Institutions, Inc. | 18,529 | 482,310 | |
First Bancorp, Puerto Rico | 112,491 | 1,608,621 | |
First Commonwealth Financial Corp. | 21,662 | 292,004 | |
First Financial Bankshares, Inc. (b) | 81,278 | 3,455,128 | |
Fulton Financial Corp. | 129,759 | 2,105,989 | |
Great Southern Bancorp, Inc. | 27,687 | 1,627,442 | |
Hancock Whitney Corp. | 46,755 | 2,254,994 | |
Heritage Financial Corp., Washington | 11,640 | 302,524 | |
Home Bancshares, Inc. | 18,600 | 437,658 | |
Lakeland Financial Corp. | 3,267 | 246,136 | |
Mercantile Bank Corp. | 3,473 | 114,887 | |
Metropolitan Bank Holding Corp. (a) | 3,428 | 245,411 | |
Midland States Bancorp, Inc. | 11,254 | 282,363 | |
NBT Bancorp, Inc. | 15,882 | 615,904 | |
Northwest Bancshares, Inc. (b) | 71,402 | 1,004,626 | |
OFG Bancorp | 74,770 | 2,033,744 | |
Old National Bancorp, Indiana (b) | 132,285 | 2,207,837 | |
Park National Corp. (b) | 3,633 | 478,938 | |
Peapack-Gladstone Financial Corp. | 13,620 | 458,585 | |
Preferred Bank, Los Angeles | 2,386 | 161,866 | |
Renasant Corp. | 8,476 | 282,590 | |
S&T Bancorp, Inc. | 10,075 | 298,623 | |
ServisFirst Bancshares, Inc. | 24,475 | 2,064,711 | |
Sierra Bancorp | 17,630 | 365,294 | |
Silvergate Capital Corp. (a) | 18,087 | 1,648,087 | |
Simmons First National Corp. Class A | 28,600 | 674,674 | |
Texas Capital Bancshares, Inc. (a) | 10,226 | 603,641 | |
Tompkins Financial Corp. | 5,096 | 365,077 | |
TowneBank | 9,277 | 264,302 | |
Trico Bancshares | 9,000 | 424,710 | |
Trustmark Corp. | 17,356 | 547,408 | |
UMB Financial Corp. | 11,444 | 1,023,895 | |
United Bankshares, Inc., West Virginia (b) | 24,219 | 898,525 | |
United Community Bank, Inc. | 66,565 | 2,231,924 | |
Univest Corp. of Pennsylvania | 15,294 | 379,291 | |
Veritex Holdings, Inc. | 48,816 | 1,469,850 | |
Washington Federal, Inc. | 67,178 | 2,150,368 | |
Westamerica Bancorp. | 14,011 | 783,915 | |
51,501,785 | |||
Capital Markets - 2.4% | |||
B. Riley Financial, Inc. | 20,180 | 1,004,359 | |
Cohen & Steers, Inc. | 4,671 | 333,416 | |
Focus Financial Partners, Inc. Class A (a) | 89,668 | 3,510,502 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) (b) | 32,816 | 1,191,221 | |
Stifel Financial Corp. | 46,897 | 2,781,461 | |
StoneX Group, Inc. (a) | 27,502 | 2,553,286 | |
Virtus Investment Partners, Inc. | 11,894 | 2,274,728 | |
13,648,973 | |||
Consumer Finance - 0.6% | |||
Green Dot Corp. Class A (a) | 12,200 | 247,538 | |
LendingClub Corp. (a) | 51,484 | 672,896 | |
Nelnet, Inc. Class A | 2,760 | 232,502 | |
PROG Holdings, Inc. (a) | 100,813 | 1,869,073 | |
Regional Management Corp. | 14,475 | 487,663 | |
3,509,672 | |||
Diversified Financial Services - 0.1% | |||
Compass Diversified Holdings | 22,490 | 469,141 | |
Insurance - 1.5% | |||
American Equity Investment Life Holding Co. | 3,151 | 119,738 | |
Amerisafe, Inc. | 20,480 | 979,354 | |
CNO Financial Group, Inc. | 11,860 | 218,343 | |
Employers Holdings, Inc. | 6,553 | 256,615 | |
Kinsale Capital Group, Inc. | 717 | 181,817 | |
Oscar Health, Inc. (a) | 286,993 | 1,902,764 | |
Selective Insurance Group, Inc. | 27,047 | 2,148,073 | |
Trupanion, Inc. (a)(b) | 45,136 | 3,185,699 | |
8,992,403 | |||
Mortgage Real Estate Investment Trusts - 1.2% | |||
Apollo Commercial Real Estate Finance, Inc. | 41,334 | 481,541 | |
Arbor Realty Trust, Inc. | 91,616 | 1,372,408 | |
Ares Commercial Real Estate Corp. | 74,799 | 986,599 | |
Blackstone Mortgage Trust, Inc. | 67,816 | 1,965,308 | |
Franklin BSP Realty Trust, Inc. (b) | 15,712 | 202,685 | |
Granite Point Mortgage Trust, Inc. | 13,520 | 127,358 | |
Invesco Mortgage Capital, Inc. | 27,578 | 438,214 | |
Ladder Capital Corp. Class A | 24,296 | 268,714 | |
Ready Capital Corp. | 56,288 | 737,373 | |
TPG RE Finance Trust, Inc. | 35,104 | 325,063 | |
6,905,263 | |||
Thrifts & Mortgage Finance - 0.9% | |||
Axos Financial, Inc. (a) | 5,214 | 217,841 | |
Capitol Federal Financial, Inc. | 120,046 | 1,087,617 | |
Federal Agricultural Mortgage Corp. Class C (non-vtg.) | 10,356 | 1,131,289 | |
NMI Holdings, Inc. (a) | 38,671 | 793,916 | |
Provident Financial Services, Inc. (b) | 19,246 | 447,085 | |
Radian Group, Inc. | 50,145 | 1,058,561 | |
Waterstone Financial, Inc. | 34,548 | 597,335 | |
5,333,644 | |||
TOTAL FINANCIALS | 90,360,881 | ||
HEALTH CARE - 18.0% | |||
Biotechnology - 8.2% | |||
2seventy bio, Inc. (a) | 30,403 | 447,836 | |
4D Molecular Therapeutics, Inc. (a)(b) | 19,877 | 156,233 | |
Adverum Biotechnologies, Inc. (a) | 173,968 | 201,803 | |
Affimed NV (a) | 81,785 | 214,277 | |
Agenus, Inc. (a) | 153,334 | 414,002 | |
Agios Pharmaceuticals, Inc. (a) | 11,700 | 298,350 | |
Akebia Therapeutics, Inc. (a) | 396,648 | 144,499 | |
Akero Therapeutics, Inc. (a)(b) | 14,601 | 171,562 | |
Alector, Inc. (a) | 44,330 | 458,816 | |
Alkermes PLC (a) | 50,492 | 1,195,146 | |
Allakos, Inc. (a) | 66,875 | 324,344 | |
Allovir, Inc. (a) | 700 | 5,257 | |
Amicus Therapeutics, Inc. (a) | 89,229 | 1,002,042 | |
AnaptysBio, Inc. (a)(b) | 13,080 | 303,718 | |
Anavex Life Sciences Corp. (a)(b) | 28,899 | 277,141 | |
Anika Therapeutics, Inc. (a) | 8,145 | 184,077 | |
Apellis Pharmaceuticals, Inc. (a) | 15,359 | 929,373 | |
Arbutus Biopharma Corp. (a)(b) | 105,053 | 233,218 | |
Arcellx, Inc. | 16,752 | 301,033 | |
Arcturus Therapeutics Holdings, Inc. (a) | 21,431 | 300,891 | |
Arcus Biosciences, Inc. (a) | 21,636 | 520,995 | |
Arrowhead Pharmaceuticals, Inc. (a) | 15,148 | 601,527 | |
Assembly Biosciences, Inc. (a)(b) | 88,168 | 164,874 | |
Atara Biotherapeutics, Inc. (a) | 82,150 | 329,422 | |
Atreca, Inc. (a)(b) | 71,252 | 132,529 | |
Beam Therapeutics, Inc. (a)(b) | 9,923 | 541,796 | |
BioCryst Pharmaceuticals, Inc. (a) | 33,890 | 471,071 | |
Biohaven Pharmaceutical Holding Co. Ltd. (a) | 9,533 | 1,423,754 | |
bluebird bio, Inc. (a)(b) | 67,273 | 392,874 | |
Blueprint Medicines Corp. (a) | 9,609 | 703,571 | |
Bolt Biotherapeutics, Inc. (a)(b) | 50,695 | 91,251 | |
BridgeBio Pharma, Inc. (a) | 54,734 | 574,707 | |
C4 Therapeutics, Inc. (a)(b) | 33,508 | 337,761 | |
CareDx, Inc. (a) | 16,892 | 330,914 | |
Catalyst Pharmaceutical Partners, Inc. (a) | 44,392 | 601,068 | |
ChemoCentryx, Inc. (a) | 3,143 | 160,230 | |
Cogent Biosciences, Inc. (a) | 28,494 | 469,866 | |
Coherus BioSciences, Inc. (a) | 43,895 | 490,746 | |
Corbus Pharmaceuticals Holdings, Inc. (a) | 248,721 | 50,142 | |
CTI BioPharma Corp. (a) | 55,399 | 347,906 | |
Cytokinetics, Inc. (a) | 11,327 | 599,878 | |
CytomX Therapeutics, Inc. (a) | 106,678 | 160,017 | |
Deciphera Pharmaceuticals, Inc. (a) | 50,081 | 812,815 | |
Denali Therapeutics, Inc. (a) | 14,563 | 402,958 | |
Eagle Pharmaceuticals, Inc. (a) | 7,987 | 261,734 | |
Editas Medicine, Inc. (a)(b) | 33,919 | 498,609 | |
Eiger Biopharmaceuticals, Inc. (a) | 15,410 | 127,287 | |
Emergent BioSolutions, Inc. (a) | 19,152 | 460,031 | |
EQRx, Inc. (a) | 56,689 | 277,209 | |
Fate Therapeutics, Inc. (a)(b) | 9,631 | 251,754 | |
FibroGen, Inc. (a) | 47,225 | 587,479 | |
Forma Therapeutics Holdings, Inc. (a) | 36,150 | 484,410 | |
Fortress Biotech, Inc. (a) | 54,189 | 55,273 | |
Global Blood Therapeutics, Inc. (a) | 5,575 | 378,543 | |
Gossamer Bio, Inc. (a)(b) | 35,737 | 498,531 | |
Gritstone Bio, Inc. (a)(b) | 76,699 | 252,340 | |
Gt Biopharma, Inc. (a)(b) | 32,905 | 84,895 | |
Halozyme Therapeutics, Inc. (a) | 25,584 | 1,042,036 | |
Harpoon Therapeutics, Inc. (a)(b) | 42,867 | 71,159 | |
Heron Therapeutics, Inc. (a)(b) | 86,711 | 354,648 | |
Homology Medicines, Inc. (a) | 41,073 | 96,111 | |
ImmunoGen, Inc. (a) | 126,027 | 732,217 | |
Infinity Pharmaceuticals, Inc. (a) | 169,523 | 272,932 | |
Insmed, Inc. (a) | 43,896 | 1,080,720 | |
Intellia Therapeutics, Inc. (a) | 16,744 | 1,005,645 | |
Intercept Pharmaceuticals, Inc. (a)(b) | 28,209 | 489,990 | |
Jounce Therapeutics, Inc. (a) | 44,697 | 163,591 | |
Karuna Therapeutics, Inc. (a) | 7,332 | 1,870,100 | |
Karyopharm Therapeutics, Inc. (a)(b) | 71,616 | 362,377 | |
Kezar Life Sciences, Inc. (a)(b) | 53,566 | 550,658 | |
Kiniksa Pharmaceuticals Ltd. (a)(b) | 33,545 | 393,147 | |
Kodiak Sciences, Inc. (a) | 36,969 | 370,060 | |
Kura Oncology, Inc. (a) | 41,472 | 574,802 | |
Madrigal Pharmaceuticals, Inc. (a) | 6,675 | 481,401 | |
Mersana Therapeutics, Inc. (a) | 58,869 | 441,518 | |
MiMedx Group, Inc. (a) | 35,812 | 126,416 | |
Mustang Bio, Inc. (a)(b) | 69,880 | 42,452 | |
Myriad Genetics, Inc. (a) | 8,848 | 197,664 | |
Natera, Inc. (a) | 6,577 | 323,983 | |
Nurix Therapeutics, Inc. (a) | 19,137 | 301,025 | |
Oncternal Therapeutics, Inc. rights (a)(c) | 1,148 | 0 | |
ORIC Pharmaceuticals, Inc. (a) | 88,202 | 305,179 | |
Ovid Therapeutics, Inc. (a)(b) | 59,108 | 118,807 | |
Passage Bio, Inc. (a) | 38,538 | 77,847 | |
Pieris Pharmaceuticals, Inc. (a)(b) | 81,145 | 118,472 | |
Point Biopharma Global, Inc. (a)(b) | 42,200 | 411,450 | |
Precigen, Inc. (a)(b) | 127,294 | 281,320 | |
Prometheus Biosciences, Inc. (a) | 15,817 | 827,387 | |
Protagonist Therapeutics, Inc. (a) | 39,500 | 344,440 | |
PTC Therapeutics, Inc. (a) | 24,489 | 1,222,981 | |
Puma Biotechnology, Inc. (a) | 41,309 | 110,708 | |
RAPT Therapeutics, Inc. (a) | 15,640 | 417,744 | |
REGENXBIO, Inc. (a) | 19,724 | 581,858 | |
Relay Therapeutics, Inc. (a) | 17,377 | 399,150 | |
Rigel Pharmaceuticals, Inc. (a) | 123,558 | 175,452 | |
Rocket Pharmaceuticals, Inc. (a) | 21,819 | 336,231 | |
Sage Therapeutics, Inc. (a) | 4,561 | 171,767 | |
Sangamo Therapeutics, Inc. (a) | 75,179 | 405,967 | |
Selecta Biosciences, Inc. (a)(b) | 85,524 | 160,785 | |
Seres Therapeutics, Inc. (a) | 62,770 | 322,638 | |
Sesen Bio, Inc. (a) | 304,482 | 210,093 | |
Silverback Therapeutics, Inc. (a)(b) | 20,944 | 113,935 | |
Surface Oncology, Inc. (a)(b) | 60,289 | 81,993 | |
Sutro Biopharma, Inc. (a) | 49,542 | 280,408 | |
Syndax Pharmaceuticals, Inc. (a) | 25,782 | 608,713 | |
TCR2 Therapeutics, Inc. (a) | 66,033 | 179,610 | |
TG Therapeutics, Inc. (a) | 67,928 | 484,327 | |
Travere Therapeutics, Inc. (a) | 27,024 | 723,162 | |
Twist Bioscience Corp. (a)(b) | 19,351 | 776,362 | |
Vanda Pharmaceuticals, Inc. (a) | 33,738 | 356,948 | |
Veracyte, Inc. (a)(b) | 28,260 | 576,504 | |
Vir Biotechnology, Inc. (a) | 29,090 | 690,888 | |
Voyager Therapeutics, Inc. (a)(b) | 45,215 | 269,934 | |
Xbiotech, Inc. (a) | 12,960 | 51,970 | |
Xencor, Inc. (a) | 21,260 | 561,051 | |
Zentalis Pharmaceuticals, Inc. (a) | 19,677 | 527,540 | |
47,122,658 | |||
Health Care Equipment & Supplies - 4.1% | |||
Accuray, Inc. (a)(b) | 343,316 | 817,092 | |
Atricure, Inc. (a) | 21,450 | 978,549 | |
Avanos Medical, Inc. (a) | 66,936 | 1,648,634 | |
Cardiovascular Systems, Inc. (a) | 18,395 | 242,998 | |
Cerus Corp. (a) | 342,276 | 1,406,754 | |
Embecta Corp. | 7,553 | 241,092 | |
Figs, Inc. Class A (a) | 210,287 | 2,430,918 | |
Inari Medical, Inc. (a) | 6,367 | 441,551 | |
Invacare Corp. (a)(b) | 79,770 | 69,001 | |
IRadimed Corp. | 5,532 | 185,599 | |
iRhythm Technologies, Inc. (a) | 7,220 | 1,064,589 | |
Lantheus Holdings, Inc. (a) | 23,320 | 1,837,616 | |
LivaNova PLC (a) | 4,068 | 228,825 | |
Merit Medical Systems, Inc. (a) | 2,502 | 148,193 | |
Neogen Corp. (a)(b) | 69,841 | 1,459,677 | |
Novocure Ltd. (a)(b) | 5,161 | 423,873 | |
NuVasive, Inc. (a) | 10,214 | 434,197 | |
Orthofix International NV (a) | 23,481 | 467,272 | |
Shockwave Medical, Inc. (a) | 15,678 | 4,654,145 | |
Staar Surgical Co. (a) | 20,835 | 1,970,783 | |
SurModics, Inc. (a) | 44,575 | 1,501,732 | |
Tactile Systems Technology, Inc. (a) | 26,277 | 216,785 | |
Varex Imaging Corp. (a) | 8,096 | 170,745 | |
Zimvie, Inc. (a) | 21,586 | 328,539 | |
23,369,159 | |||
Health Care Providers & Services - 3.0% | |||
1Life Healthcare, Inc. (a) | 9,681 | 166,610 | |
23andMe Holding Co. Class A (a)(b) | 96,489 | 325,168 | |
Addus HomeCare Corp. (a) | 12,002 | 1,070,818 | |
AMN Healthcare Services, Inc. (a) | 12,341 | 1,266,680 | |
Clover Health Investments Corp. (a) | 266,540 | 695,669 | |
DocGo, Inc. Class A (a) | 66,284 | 676,097 | |
Fulgent Genetics, Inc. (a) | 17,634 | 766,550 | |
Hims & Hers Health, Inc. (a)(b) | 255,111 | 1,622,506 | |
Invitae Corp. (a)(b) | 173,555 | 527,607 | |
LHC Group, Inc. (a) | 3,342 | 539,633 | |
National Healthcare Corp. | 25,059 | 1,740,348 | |
Option Care Health, Inc. (a) | 44,911 | 1,390,445 | |
Owens & Minor, Inc. | 42,004 | 1,239,538 | |
Patterson Companies, Inc. (b) | 109,459 | 3,052,812 | |
Privia Health Group, Inc. (a) | 8,419 | 334,992 | |
The Ensign Group, Inc. | 17,916 | 1,528,235 | |
16,943,708 | |||
Health Care Technology - 0.6% | |||
Computer Programs & Systems, Inc. (a) | 14,296 | 436,171 | |
Health Catalyst, Inc. (a) | 22,169 | 266,028 | |
HealthStream, Inc. (a) | 20,733 | 458,821 | |
MultiPlan Corp. Class A (a)(b) | 128,043 | 450,711 | |
Nextgen Healthcare, Inc. (a) | 122,800 | 2,104,792 | |
3,716,523 | |||
Life Sciences Tools & Services - 0.8% | |||
AbCellera Biologics, Inc. (a) | 67,697 | 723,004 | |
Adaptive Biotechnologies Corp. (a) | 51,611 | 460,370 | |
Berkeley Lights, Inc. (a) | 57,506 | 211,047 | |
Codexis, Inc. (a) | 52,093 | 365,172 | |
MaxCyte, Inc. (a) | 37,815 | 196,638 | |
Medpace Holdings, Inc. (a) | 8,940 | 1,319,633 | |
Nanostring Technologies, Inc. (a) | 33,876 | 459,359 | |
Pacific Biosciences of California, Inc. (a) | 84,897 | 497,496 | |
Quanterix Corp. (a) | 43,055 | 402,564 | |
4,635,283 | |||
Pharmaceuticals - 1.3% | |||
Aclaris Therapeutics, Inc. (a) | 19,383 | 308,384 | |
Amneal Pharmaceuticals, Inc. (a) | 77,432 | 168,027 | |
Amphastar Pharmaceuticals, Inc. (a) | 17,943 | 531,113 | |
Arvinas Holding Co. LLC (a) | 6,125 | 259,333 | |
Atea Pharmaceuticals, Inc. (a) | 39,227 | 294,203 | |
Axsome Therapeutics, Inc. (a) | 2,293 | 146,293 | |
Corcept Therapeutics, Inc. (a) | 36,938 | 953,739 | |
Edgewise Therapeutics, Inc. (a) | 12,950 | 130,536 | |
Endo International PLC (a) | 733,466 | 78,481 | |
Intra-Cellular Therapies, Inc. (a) | 16,524 | 830,496 | |
Nektar Therapeutics (a) | 69,233 | 272,778 | |
NGM Biopharmaceuticals, Inc. (a) | 20,502 | 289,283 | |
Odonate Therapeutics, Inc. (a)(b) | 72,556 | 108,834 | |
Oramed Pharmaceuticals, Inc. (a)(b) | 24,182 | 206,998 | |
Pacira Biosciences, Inc. (a) | 6,696 | 351,406 | |
Prestige Brands Holdings, Inc. (a) | 18,756 | 948,678 | |
Supernus Pharmaceuticals, Inc. (a) | 21,574 | 738,478 | |
Theravance Biopharma, Inc. (a) | 57,914 | 521,805 | |
Tricida, Inc. (a)(b) | 33,780 | 422,926 | |
WAVE Life Sciences (a) | 41,740 | 123,968 | |
7,685,759 | |||
TOTAL HEALTH CARE | 103,473,090 | ||
INDUSTRIALS - 16.7% | |||
Aerospace & Defense - 0.8% | |||
AAR Corp. (a) | 20,645 | 885,258 | |
Astronics Corp. (a) | 47,850 | 440,699 | |
Parsons Corp. (a) | 79,816 | 3,302,786 | |
4,628,743 | |||
Air Freight & Logistics - 0.5% | |||
Forward Air Corp. (b) | 18,224 | 1,768,457 | |
Hub Group, Inc. Class A (a) | 14,394 | 1,148,785 | |
2,917,242 | |||
Airlines - 0.4% | |||
Mesa Air Group, Inc. (a) | 87,564 | 212,781 | |
SkyWest, Inc. (a) | 97,090 | 2,067,046 | |
2,279,827 | |||
Building Products - 1.1% | |||
Apogee Enterprises, Inc. | 32,469 | 1,326,034 | |
Masonite International Corp. (a) | 27,315 | 2,234,913 | |
Quanex Building Products Corp. | 3,900 | 86,970 | |
Resideo Technologies, Inc. (a) | 71,708 | 1,492,961 | |
UFP Industries, Inc. | 12,654 | 1,004,601 | |
6,145,479 | |||
Commercial Services & Supplies - 1.8% | |||
ABM Industries, Inc. | 85,209 | 3,953,698 | |
ACCO Brands Corp. | 47,180 | 279,777 | |
Brady Corp. Class A | 4,400 | 204,776 | |
Cimpress PLC (a) | 19,305 | 648,262 | |
HNI Corp. | 11,520 | 368,640 | |
Kimball International, Inc. Class B | 61,035 | 466,918 | |
The Brink's Co. | 42,128 | 2,328,836 | |
The GEO Group, Inc. (a) | 235,505 | 1,926,431 | |
10,177,338 | |||
Construction & Engineering - 1.9% | |||
API Group Corp. (a) | 15,762 | 245,099 | |
Arcosa, Inc. | 29,288 | 1,711,884 | |
Comfort Systems U.S.A., Inc. | 10,437 | 1,047,249 | |
Construction Partners, Inc. Class A (a) | 9,831 | 287,655 | |
Dycom Industries, Inc. (a) | 5,202 | 583,248 | |
EMCOR Group, Inc. | 26,182 | 3,113,563 | |
Fluor Corp. (a) | 54,824 | 1,449,547 | |
MYR Group, Inc. (a) | 25,396 | 2,360,304 | |
10,798,549 | |||
Electrical Equipment - 2.6% | |||
Atkore, Inc. (a) | 43,032 | 3,632,331 | |
AZZ, Inc. | 70,924 | 3,022,072 | |
Encore Wire Corp. | 16,994 | 2,210,919 | |
EnerSys | 20,040 | 1,249,895 | |
Enovix Corp. (a) | 8,000 | 176,960 | |
GrafTech International Ltd. | 41,429 | 243,603 | |
Preformed Line Products Co. (b) | 12,841 | 999,030 | |
Regal Rexnord Corp. | 10,337 | 1,422,268 | |
Stem, Inc. (a)(b) | 89,393 | 1,405,258 | |
Vicor Corp. (a) | 10,820 | 769,735 | |
15,132,071 | |||
Machinery - 2.3% | |||
Gorman-Rupp Co. | 6,777 | 178,981 | |
Hillman Solutions Corp. Class A (a)(b) | 125,461 | 1,052,618 | |
Hurco Companies, Inc. | 20,022 | 485,934 | |
Hyster-Yale Materials Handling Class A (b) | 16,836 | 490,433 | |
Kennametal, Inc. | 105,633 | 2,476,038 | |
L.B. Foster Co. Class A (a) | 6,670 | 87,377 | |
Mueller Industries, Inc. | 39,761 | 2,511,702 | |
Proto Labs, Inc. (a) | 34,047 | 1,307,405 | |
Tennant Co. (b) | 4,980 | 300,543 | |
Titan International, Inc. (a) | 51,108 | 717,045 | |
Watts Water Technologies, Inc. Class A | 27,693 | 3,836,034 | |
13,444,110 | |||
Marine - 0.4% | |||
Matson, Inc. | 29,412 | 2,166,488 | |
Safe Bulkers, Inc. | 126,812 | 404,530 | |
2,571,018 | |||
Professional Services - 1.6% | |||
ASGN, Inc. (a) | 7,415 | 717,031 | |
CRA International, Inc. | 5,415 | 494,985 | |
Heidrick & Struggles International, Inc. | 25,016 | 711,955 | |
Kforce, Inc. | 25,862 | 1,415,169 | |
Korn Ferry | 9,668 | 588,975 | |
TriNet Group, Inc. (a) | 30,914 | 2,547,314 | |
TrueBlue, Inc. (a) | 30,643 | 629,407 | |
Upwork, Inc. (a) | 103,437 | 1,799,804 | |
8,904,640 | |||
Road & Rail - 1.2% | |||
ArcBest Corp. | 6,103 | 491,475 | |
Marten Transport Ltd. | 88,584 | 1,754,849 | |
Saia, Inc. (a) | 12,243 | 2,532,220 | |
TuSimple Holdings, Inc. (a)(b) | 58,500 | 420,615 | |
Werner Enterprises, Inc. | 35,647 | 1,418,394 | |
6,617,553 | |||
Trading Companies & Distributors - 2.1% | |||
Applied Industrial Technologies, Inc. | 5,348 | 566,995 | |
Boise Cascade Co. | 31,008 | 1,932,729 | |
Global Industrial Co. | 38,077 | 1,145,356 | |
GMS, Inc. (a) | 39,204 | 1,889,633 | |
H&E Equipment Services, Inc. | 5,563 | 176,125 | |
Rush Enterprises, Inc. Class A | 52,742 | 2,482,039 | |
Titan Machinery, Inc. (a) | 80,829 | 2,487,917 | |
Transcat, Inc. (a) | 2,850 | 211,157 | |
Veritiv Corp. (a) | 8,700 | 1,036,953 | |
11,928,904 | |||
TOTAL INDUSTRIALS | 95,545,474 | ||
INFORMATION TECHNOLOGY - 14.4% | |||
Communications Equipment - 0.7% | |||
CommScope Holding Co., Inc. (a) | 31,845 | 359,849 | |
Digi International, Inc. (a) | 9,634 | 318,982 | |
Extreme Networks, Inc. (a) | 243,550 | 3,490,072 | |
4,168,903 | |||
Electronic Equipment & Components - 2.6% | |||
Belden, Inc. | 57,544 | 3,767,981 | |
Benchmark Electronics, Inc. | 58,176 | 1,596,931 | |
CTS Corp. | 7,811 | 330,562 | |
Daktronics, Inc. (a) | 21,956 | 70,259 | |
Fabrinet (a) | 12,639 | 1,299,795 | |
Itron, Inc. (a) | 8,003 | 380,783 | |
Kimball Electronics, Inc. (a) | 68,148 | 1,467,908 | |
PC Connection, Inc. | 18,741 | 931,053 | |
Rogers Corp. (a) | 1,739 | 435,654 | |
Sanmina Corp. (a) | 16,387 | 795,097 | |
ScanSource, Inc. (a) | 40,881 | 1,184,323 | |
TTM Technologies, Inc. (a) | 18,200 | 286,286 | |
Vishay Intertechnology, Inc. | 105,313 | 2,071,507 | |
14,618,139 | |||
IT Services - 2.0% | |||
AvidXchange Holdings, Inc. | 138,968 | 1,082,561 | |
Conduent, Inc. (a) | 157,149 | 642,739 | |
CSG Systems International, Inc. | 38,990 | 2,255,572 | |
ExlService Holdings, Inc. (a) | 25,945 | 4,351,236 | |
Grid Dynamics Holdings, Inc. (a) | 15,364 | 310,506 | |
Marqeta, Inc. Class A (a) | 184,852 | 1,439,997 | |
Perficient, Inc. (a) | 7,561 | 590,514 | |
Remitly Global, Inc. | 65,018 | 715,198 | |
11,388,323 | |||
Semiconductors & Semiconductor Equipment - 2.8% | |||
Amkor Technology, Inc. | 18,372 | 369,828 | |
Axcelis Technologies, Inc. (a) | 7,685 | 514,434 | |
Diodes, Inc. (a) | 31,916 | 2,271,462 | |
Entegris, Inc. | 25,886 | 2,456,064 | |
Impinj, Inc. (a)(b) | 11,388 | 1,016,721 | |
Kulicke & Soffa Industries, Inc. | 34,255 | 1,440,080 | |
Lattice Semiconductor Corp. (a) | 49,702 | 2,678,938 | |
MACOM Technology Solutions Holdings, Inc. (a) | 11,962 | 659,704 | |
MaxLinear, Inc. Class A (a) | 14,250 | 512,003 | |
Photronics, Inc. (a) | 74,441 | 1,250,609 | |
Semtech Corp. (a) | 63,606 | 2,937,961 | |
16,107,804 | |||
Software - 5.7% | |||
8x8, Inc. (a)(b) | 190,664 | 993,359 | |
Agilysys, Inc. (a) | 49,198 | 2,546,980 | |
Appian Corp. Class A (a)(b) | 28,941 | 1,357,333 | |
Box, Inc. Class A (a) | 95,576 | 2,461,082 | |
CommVault Systems, Inc. (a) | 42,836 | 2,325,566 | |
Couchbase, Inc. (a)(b) | 16,670 | 276,555 | |
Domo, Inc. Class B (a) | 96,052 | 1,849,962 | |
Momentive Global, Inc. (a) | 76,866 | 544,980 | |
Pagerduty, Inc. (a) | 32,511 | 846,586 | |
Progress Software Corp. (b) | 59,823 | 2,879,281 | |
Qualys, Inc. (a) | 30,572 | 4,643,887 | |
SecureWorks Corp. (a) | 33,777 | 351,281 | |
Sprout Social, Inc. (a) | 45,200 | 2,713,808 | |
SPS Commerce, Inc. (a) | 27,336 | 3,338,272 | |
Sumo Logic, Inc. (a) | 22,491 | 197,471 | |
Tenable Holdings, Inc. (a) | 75,701 | 2,998,517 | |
Upland Software, Inc. (a) | 36,104 | 378,009 | |
Yext, Inc. (a) | 248,178 | 1,104,392 | |
Zuora, Inc. (a) | 113,288 | 870,052 | |
32,677,373 | |||
Technology Hardware, Storage & Peripherals - 0.6% | |||
Avid Technology, Inc. (a) | 13,014 | 355,933 | |
Diebold Nixdorf, Inc. (a) | 78,684 | 273,820 | |
Super Micro Computer, Inc. (a) | 45,660 | 2,971,553 | |
3,601,306 | |||
TOTAL INFORMATION TECHNOLOGY | 82,561,848 | ||
MATERIALS - 3.5% | |||
Chemicals - 1.4% | |||
AdvanSix, Inc. | 27,302 | 989,971 | |
American Vanguard Corp. | 15,345 | 305,826 | |
Ecovyst, Inc. | 43,977 | 406,347 | |
FutureFuel Corp. | 47,346 | 345,152 | |
H.B. Fuller Co. | 17,248 | 1,118,705 | |
Hawkins, Inc. | 2,118 | 81,162 | |
Innospec, Inc. | 8,229 | 769,082 | |
Livent Corp. (a)(b) | 21,789 | 701,170 | |
Mativ, Inc. (b) | 28,987 | 684,673 | |
Rayonier Advanced Materials, Inc. (a) | 56,261 | 254,300 | |
Sensient Technologies Corp. | 7,578 | 603,739 | |
Stepan Co. | 16,499 | 1,719,691 | |
7,979,818 | |||
Containers & Packaging - 0.5% | |||
Greif, Inc. Class A (b) | 9,827 | 658,900 | |
Myers Industries, Inc. | 123,140 | 2,379,065 | |
3,037,965 | |||
Metals & Mining - 1.4% | |||
Alpha Metallurgical Resources | 2,039 | 320,429 | |
ATI, Inc. (a) | 31,164 | 932,739 | |
Commercial Metals Co. | 87,802 | 3,556,859 | |
Constellium NV (a) | 69,542 | 926,299 | |
Olympic Steel, Inc. | 20,524 | 540,192 | |
Ryerson Holding Corp. (b) | 37,444 | 1,067,154 | |
Schnitzer Steel Industries, Inc. Class A | 13,195 | 435,963 | |
SunCoke Energy, Inc. | 59,763 | 393,838 | |
8,173,473 | |||
Paper & Forest Products - 0.2% | |||
Sylvamo Corp. | 20,614 | 916,086 | |
TOTAL MATERIALS | 20,107,342 | ||
REAL ESTATE - 5.6% | |||
Equity Real Estate Investment Trusts (REITs) - 5.6% | |||
Alexanders, Inc. | 1,922 | 455,322 | |
American Assets Trust, Inc. | 56,847 | 1,578,073 | |
Apple Hospitality (REIT), Inc. | 25,426 | 404,528 | |
Ashford Hospitality Trust, Inc. (a) | 87,215 | 800,634 | |
Brandywine Realty Trust (SBI) | 112,194 | 900,918 | |
CareTrust (REIT), Inc. | 15,695 | 338,070 | |
Chatham Lodging Trust (a) | 14,547 | 176,892 | |
EastGroup Properties, Inc. | 15,858 | 2,617,046 | |
Empire State Realty Trust, Inc. | 19,446 | 135,539 | |
Equity Commonwealth | 32,936 | 866,546 | |
Essential Properties Realty Trust, Inc. | 149,101 | 3,375,647 | |
Four Corners Property Trust, Inc. | 103,685 | 2,788,090 | |
Global Net Lease, Inc. | 160,699 | 2,212,825 | |
Kite Realty Group Trust | 81,339 | 1,574,723 | |
National Storage Affiliates Trust | 57,052 | 2,882,267 | |
Necessity Retail (REIT), Inc./The | 124,263 | 927,002 | |
Outfront Media, Inc. | 43,419 | 768,516 | |
Piedmont Office Realty Trust, Inc. Class A | 15,835 | 186,536 | |
Retail Opportunity Investments Corp. | 52,261 | 875,372 | |
RLJ Lodging Trust | 37,538 | 452,708 | |
SITE Centers Corp. | 97,945 | 1,269,367 | |
Stag Industrial, Inc. | 34,723 | 1,069,468 | |
Summit Hotel Properties, Inc. | 36,328 | 285,538 | |
Terreno Realty Corp. | 66,051 | 4,028,450 | |
Universal Health Realty Income Trust (SBI) | 15,526 | 790,118 | |
Xenia Hotels & Resorts, Inc. (a) | 13,452 | 213,349 | |
31,973,544 | |||
UTILITIES - 2.3% | |||
Electric Utilities - 0.8% | |||
Otter Tail Corp. (b) | 31,000 | 2,341,740 | |
PNM Resources, Inc. | 5,638 | 267,410 | |
Portland General Electric Co. | 42,902 | 2,216,746 | |
4,825,896 | |||
Gas Utilities - 0.3% | |||
Brookfield Infrastructure Corp. A Shares | 13,792 | 656,499 | |
New Jersey Resources Corp. | 7,961 | 351,399 | |
Northwest Natural Holding Co. | 6,600 | 314,226 | |
South Jersey Industries, Inc. | 5,497 | 186,073 | |
1,508,197 | |||
Independent Power and Renewable Electricity Producers - 1.1% | |||
Altus Power, Inc. Class A (a) | 14,403 | 150,943 | |
Clearway Energy, Inc.: | |||
Class A | 66,294 | 2,285,817 | |
Class C | 33,316 | 1,236,024 | |
Ormat Technologies, Inc. (b) | 9,399 | 878,619 | |
Sunnova Energy International, Inc. (a) | 68,049 | 1,716,196 | |
6,267,599 | |||
Water Utilities - 0.1% | |||
American States Water Co. (b) | 7,038 | 583,943 | |
TOTAL UTILITIES | 13,185,635 | ||
TOTAL COMMON STOCKS (Cost $551,153,498) | 559,551,220 | ||
Nonconvertible Preferred Stocks - 0.1% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 0.1% | |||
Entertainment - 0.1% | |||
AMC Entertainment Holdings, Inc. (a)(b) (Cost $604,061) | 107,972 | 527,983 | |
Money Market Funds - 11.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 2.33% (d) | 12,317,895 | 12,320,359 | |
Fidelity Securities Lending Cash Central Fund 2.34% (d)(e) | 51,104,111 | 51,109,222 | |
TOTAL MONEY MARKET FUNDS (Cost $63,427,335) | 63,429,581 | ||
TOTAL INVESTMENT IN SECURITIES - 108.8% (Cost $615,184,894) | 623,508,784 |
NET OTHER ASSETS (LIABILITIES) - (8.8)% | (50,365,969) |
NET ASSETS - 100.0% | 573,142,815 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini Russell 2000 Index Contracts (United States) | 130 | Sep 2022 | 11,989,900 | 425,822 | 425,822 |
The notional amount of futures purchased as a percentage of Net Assets is 2.1% |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Level 3 security |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | %ownership, end of period |
Fidelity Cash Central Fund 2.33% | 7,208,320 | 38,947,131 | 33,835,092 | 55,340 | - | - | 12,320,359 | 0.0% |
Fidelity Securities Lending Cash Central Fund 2.34% | 111,488,782 | 130,209,216 | 190,588,776 | 74,319 | - | - | 51,109,222 | 0.1% |
Total | 118,697,102 | 169,156,347 | 224,423,868 | 129,659 | - | - | 63,429,581 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 16,635,716 | 16,635,716 | - | - |
Consumer Discretionary | 52,586,865 | 52,586,865 | - | - |
Consumer Staples | 17,068,228 | 17,068,228 | - | - |
Energy | 36,580,580 | 36,580,580 | - | - |
Financials | 90,360,881 | 90,360,881 | - | - |
Health Care | 103,473,090 | 103,473,090 | - | - |
Industrials | 95,545,474 | 95,545,474 | - | - |
Information Technology | 82,561,848 | 82,561,848 | - | - |
Materials | 20,107,342 | 20,107,342 | - | - |
Real Estate | 31,973,544 | 31,973,544 | - | - |
Utilities | 13,185,635 | 13,185,635 | - | - |
Money Market Funds | 63,429,581 | 63,429,581 | - | - |
Total Investments in Securities: | 623,508,784 | 623,508,784 | - | - |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | 425,822 | 425,822 | - | - |
Total Assets | 425,822 | 425,822 | - | - |
Total Derivative Instruments: | 425,822 | 425,822 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 425,822 | 0 |
Total Equity Risk | 425,822 | 0 |
Total Value of Derivatives | 425,822 | 0 |
Statement of Assets and Liabilities | ||||
August 31, 2022 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $49,466,299) - See accompanying schedule: | $560,079,203 | |||
Unaffiliated issuers (cost $551,757,559) | ||||
Fidelity Central Funds (cost $63,427,335) | 63,429,581 | |||
Total Investment in Securities (cost $615,184,894) | $ | 623,508,784 | ||
Segregated cash with brokers for derivative instruments | 715,000 | |||
Receivable for investments sold | 6,377 | |||
Receivable for fund shares sold | 111,748 | |||
Dividends receivable | 496,218 | |||
Distributions receivable from Fidelity Central Funds | 34,876 | |||
Other receivables | 19,669 | |||
Total assets | 624,892,672 | |||
Liabilities | ||||
Payable for fund shares redeemed | $293,858 | |||
Accrued management fee | 276,650 | |||
Payable for daily variation margin on futures contracts | 76,050 | |||
Other payables and accrued expenses | 222 | |||
Collateral on securities loaned | 51,103,077 | |||
Total Liabilities | 51,749,857 | |||
Net Assets | $ | 573,142,815 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 582,671,299 | ||
Total accumulated earnings (loss) | (9,528,484) | |||
Net Assets | $ | 573,142,815 | ||
Net Asset Value , offering price and redemption price per share ($573,142,815 ÷ 46,650,178 shares) | $ | 12.29 | ||
Statement of Operations | ||||
Six months ended August 31, 2022 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 4,309,784 | ||
Interest | 2,043 | |||
Income from Fidelity Central Funds (including $74,319 from security lending) | 129,659 | |||
Total Income | 4,441,486 | |||
Expenses | ||||
Management fee | $ | 1,645,574 | ||
Independent trustees' fees and expenses | 969 | |||
Total expenses before reductions | 1,646,543 | |||
Expense reductions | (130) | |||
Total expenses after reductions | 1,646,413 | |||
Net Investment income (loss) | 2,795,073 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (13,051,506) | |||
Futures contracts | (850,129) | |||
Total net realized gain (loss) | (13,901,635) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (45,776,771) | |||
Futures contracts | 255,751 | |||
Total change in net unrealized appreciation (depreciation) | (45,521,020) | |||
Net gain (loss) | (59,422,655) | |||
Net increase (decrease) in net assets resulting from operations | $ | (56,627,582) |
Statement of Changes in Net Assets | ||||
Six months ended August 31, 2022 (Unaudited) | Year ended February 28, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 2,795,073 | $ | 3,022,029 |
Net realized gain (loss) | (13,901,635) | 147,858,610 | ||
Change in net unrealized appreciation (depreciation) | (45,521,020) | (162,304,136) | ||
Net increase (decrease) in net assets resulting from operations | (56,627,582) | (11,423,497) | ||
Distributions to shareholders | (23,560,225) | (128,801,439) | ||
Share transactions | ||||
Proceeds from sales of shares | 26,967,959 | 162,033,486 | ||
Reinvestment of distributions | 22,327,912 | 121,633,024 | ||
Cost of shares redeemed | (51,132,826) | (177,404,543) | ||
Net increase (decrease) in net assets resulting from share transactions | (1,836,955) | 106,261,967 | ||
Total increase (decrease) in net assets | (82,024,762) | (33,962,969) | ||
Net Assets | ||||
Beginning of period | 655,167,577 | 689,130,546 | ||
End of period | $ | 573,142,815 | $ | 655,167,577 |
Other Information | ||||
Shares | ||||
Sold | 2,128,631 | 9,267,659 | ||
Issued in reinvestment of distributions | 1,699,232 | 8,198,504 | ||
Redeemed | (4,057,793) | (10,434,032) | ||
Net increase (decrease) | (229,930) | 7,032,131 | ||
Fidelity® Small Cap Enhanced Index Fund |
Six months ended (Unaudited) August 31, 2022 | Years ended February 28, 2022 | 2021 | 2020 A | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.98 | $ | 17.29 | $ | 11.31 | $ | 12.57 | $ | 13.81 | $ | 14.32 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .06 | .07 | .08 | .12 | .11 | .12 | ||||||
Net realized and unrealized gain (loss) | (1.24) | (.20) | 5.99 | (1.26) | .31 | .56 | ||||||
Total from investment operations | (1.18) | (.13) | 6.07 | (1.14) | .42 | .68 | ||||||
Distributions from net investment income | - | (.07) | (.09) | (.12) | (.12) | (.13) | ||||||
Distributions from net realized gain | (.51) | (3.11) | - | - | (1.54) | (1.06) | ||||||
Total distributions | (.51) | (3.18) | (.09) | (.12) | (1.66) | (1.19) | ||||||
Net asset value, end of period | $ | 12.29 | $ | 13.98 | $ | 17.29 | $ | 11.31 | $ | 12.57 | $ | 13.81 |
Total Return D,E | (8.70)% | (1.64)% | 53.78% | (9.18)% | 4.01% | 4.95% | ||||||
Ratios to Average Net Assets C,F,G | ||||||||||||
Expenses before reductions | .55% H | .63% | .64% | .64% | .64% | .64% | ||||||
Expenses net of fee waivers, if any | .55% H | .63% | .64% | .64% | .64% | .64% | ||||||
Expenses net of all reductions | .55% H | .63% | .64% | .64% | .64% | .64% | ||||||
Net investment income (loss) | .93% H | .41% | .62% | .94% | .84% | .89% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 573,143 | $ | 655,168 | $ | 689,131 | $ | 515,960 | $ | 701,171 | $ | 762,811 |
Portfolio turnover rate I | 105% H | 96% | 44% | 79% | 88% | 100% |
Gross unrealized appreciation | $ 85,561,433 |
Gross unrealized depreciation | (81,662,069) |
Net unrealized appreciation (depreciation) | $ 3,899,364 |
Tax cost | $ 620,035,242 |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Small Cap Enhanced Index Fund | 310,262,985 | 332,481,501 |
Amount | |
Fidelity Small Cap Enhanced Index Fund | $ 1,808 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Small Cap Enhanced Index Fund | 5,591,214 | 8,502,321 | (434,542) |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Small Cap Enhanced Index Fund | $ 7,253 | $ 4,204 | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (March 1, 2022 to August 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value March 1, 2022 | Ending Account Value August 31, 2022 | Expenses Paid During Period- C March 1, 2022 to August 31, 2022 | |||||||
Fidelity® Small Cap Enhanced Index Fund | .55% | |||||||||
Actual | $ 1,000 | $ 913.00 | $ 2.65 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.43 | $ 2.80 | |||||||
Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable
Item 7.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Commonwealth Trust II’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Commonwealth Trust II’s (the “Trust”) disclosure controls and procedures
(as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.
Item 12.
Disclosure of Securities Lending Activities for Closed-End Management
Investment Companies
Not applicable.
Item 13.
Exhibits
(a) | (1) | Not applicable. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Commonwealth Trust II
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | October 20, 2022 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | October 20, 2022 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | October 20, 2022 |