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)
Margaret Carey, 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, 2023 |
Item 1.
Reports to Stockholders
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Contents
Top Holdings (% of Fund's net assets) | ||
Super Micro Computer, Inc. | 1.1 | |
Murphy Oil Corp. | 0.7 | |
Qualys, Inc. | 0.7 | |
Option Care Health, Inc. | 0.7 | |
Atkore, Inc. | 0.7 | |
Belden, Inc. | 0.7 | |
EnerSys | 0.7 | |
Pagerduty, Inc. | 0.7 | |
Insight Enterprises, Inc. | 0.7 | |
ExlService Holdings, Inc. | 0.7 | |
7.4 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 18.3 | |
Financials | 15.8 | |
Information Technology | 14.8 | |
Health Care | 14.1 | |
Consumer Discretionary | 11.2 | |
Energy | 7.2 | |
Materials | 5.2 | |
Real Estate | 4.5 | |
Consumer Staples | 2.7 | |
Communication Services | 2.6 | |
Utilities | 1.6 | |
Asset Allocation (% of Fund's net assets) |
![]() |
Futures - 1.8% |
Common Stocks - 98.0% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 2.6% | |||
Diversified Telecommunication Services - 0.5% | |||
Bandwidth, Inc. (a) | 99,160 | 1,424,929 | |
Lumen Technologies, Inc. | 404,588 | 643,295 | |
Ooma, Inc. (a) | 83,256 | 1,173,077 | |
3,241,301 | |||
Entertainment - 0.5% | |||
Lions Gate Entertainment Corp.: | |||
Class A (a)(b) | 145,998 | 1,156,304 | |
Class B (a) | 180,773 | 1,346,759 | |
Madison Square Garden Entertainment Corp. | 9,395 | 301,486 | |
2,804,549 | |||
Interactive Media & Services - 1.1% | |||
TrueCar, Inc. (a) | 216,791 | 518,130 | |
Vimeo, Inc. (a) | 387,991 | 1,544,204 | |
Yelp, Inc. (a) | 88,770 | 3,803,795 | |
Zedge, Inc. (a) | 20,492 | 45,082 | |
Ziff Davis, Inc. (a) | 4,402 | 293,393 | |
6,204,604 | |||
Media - 0.3% | |||
Quotient Technology, Inc. (a) | 115,703 | 461,655 | |
TechTarget, Inc. (a) | 9,100 | 261,625 | |
TEGNA, Inc. | 48,294 | 798,300 | |
1,521,580 | |||
Wireless Telecommunication Services - 0.2% | |||
Telephone & Data Systems, Inc. | 66,500 | 1,429,085 | |
TOTAL COMMUNICATION SERVICES | 15,201,119 | ||
CONSUMER DISCRETIONARY - 11.2% | |||
Automobile Components - 0.2% | |||
Cooper-Standard Holding, Inc. (a) | 40,939 | 611,629 | |
Luminar Technologies, Inc. (a)(b) | 20,546 | 118,345 | |
Standard Motor Products, Inc. | 1,849 | 68,468 | |
Visteon Corp. (a) | 4,873 | 678,663 | |
1,477,105 | |||
Automobiles - 0.5% | |||
Winnebago Industries, Inc. | 45,605 | 2,957,484 | |
Broadline Retail - 0.7% | |||
ContextLogic, Inc. (a)(b) | 272,759 | 1,460,624 | |
Dillard's, Inc. Class A (b) | 7,430 | 2,564,242 | |
4,024,866 | |||
Diversified Consumer Services - 1.1% | |||
2U, Inc. (a) | 211,993 | 672,018 | |
Coursera, Inc. (a) | 83,997 | 1,460,708 | |
Duolingo, Inc. (a) | 20,150 | 2,965,274 | |
Frontdoor, Inc. (a) | 48,131 | 1,579,659 | |
6,677,659 | |||
Hotels, Restaurants & Leisure - 1.4% | |||
Carrols Restaurant Group, Inc. (a) | 85,317 | 595,513 | |
Denny's Corp. (a) | 8,772 | 83,597 | |
Dine Brands Global, Inc. | 6,350 | 347,853 | |
Everi Holdings, Inc. (a) | 82,004 | 1,185,778 | |
International Game Technology PLC | 81,272 | 2,602,329 | |
Red Robin Gourmet Burgers, Inc. (a)(b) | 31,475 | 326,396 | |
Sabre Corp. (a)(b) | 110,891 | 554,455 | |
Texas Roadhouse, Inc. Class A | 3,292 | 342,697 | |
Wingstop, Inc. | 13,445 | 2,159,805 | |
8,198,423 | |||
Household Durables - 3.5% | |||
Cavco Industries, Inc. (a) | 5,193 | 1,451,547 | |
Ethan Allen Interiors, Inc. (b) | 5,730 | 179,807 | |
Flexsteel Industries, Inc. (b) | 18,297 | 413,512 | |
Green Brick Partners, Inc. (a) | 44,701 | 2,210,911 | |
Helen of Troy Ltd. (a) | 15,177 | 1,865,557 | |
Installed Building Products, Inc. | 26,138 | 3,782,953 | |
KB Home | 26,577 | 1,350,112 | |
M.D.C. Holdings, Inc. | 27,593 | 1,309,288 | |
M/I Homes, Inc. (a) | 35,620 | 3,497,172 | |
Meritage Homes Corp. | 6,619 | 920,306 | |
Taylor Morrison Home Corp. (a) | 37,962 | 1,799,399 | |
TRI Pointe Homes, Inc. (a) | 44,118 | 1,372,070 | |
20,152,634 | |||
Leisure Products - 0.1% | |||
Johnson Outdoors, Inc. Class A | 4,251 | 237,673 | |
Nautilus, Inc. (a) | 101,906 | 101,906 | |
Sturm, Ruger & Co., Inc. | 2,445 | 126,113 | |
465,692 | |||
Specialty Retail - 3.3% | |||
Abercrombie & Fitch Co. Class A (a) | 36,724 | 1,973,915 | |
Asbury Automotive Group, Inc. (a) | 8,330 | 1,915,900 | |
CarParts.com, Inc. (a) | 207,540 | 1,002,418 | |
Carvana Co. Class A (a) | 4,505 | 226,827 | |
Group 1 Automotive, Inc. (b) | 8,817 | 2,331,391 | |
Murphy U.S.A., Inc. | 8,437 | 2,679,929 | |
National Vision Holdings, Inc. (a) | 123,135 | 2,254,602 | |
Sally Beauty Holdings, Inc. (a) | 64,619 | 656,529 | |
Sonic Automotive, Inc. Class A (sub. vtg.) (b) | 35,527 | 1,894,300 | |
Stitch Fix, Inc. (a)(b) | 97,092 | 426,234 | |
The Buckle, Inc. | 4,952 | 180,946 | |
The Container Store Group, Inc. (a) | 73,231 | 171,361 | |
The ODP Corp. (a) | 56,463 | 2,784,755 | |
Urban Outfitters, Inc. (a) | 20,703 | 687,547 | |
Winmark Corp. | 419 | 159,442 | |
19,346,096 | |||
Textiles, Apparel & Luxury Goods - 0.4% | |||
Crocs, Inc. (a) | 13,730 | 1,336,478 | |
Figs, Inc. Class A (a)(b) | 19,915 | 123,075 | |
Lakeland Industries, Inc. (b) | 23,640 | 331,433 | |
Rocky Brands, Inc. | 7,381 | 131,160 | |
Wolverine World Wide, Inc. | 22,449 | 181,388 | |
2,103,534 | |||
TOTAL CONSUMER DISCRETIONARY | 65,403,493 | ||
CONSUMER STAPLES - 2.7% | |||
Beverages - 1.1% | |||
Coca-Cola Bottling Co. Consolidated | 5,250 | 3,669,225 | |
Primo Water Corp. | 195,420 | 2,982,109 | |
6,651,334 | |||
Consumer Staples Distribution & Retail - 0.3% | |||
Andersons, Inc. | 5,435 | 279,142 | |
Ingles Markets, Inc. Class A | 14,613 | 1,141,714 | |
Natural Grocers by Vitamin Cottage, Inc. | 22,015 | 277,609 | |
PriceSmart, Inc. | 2,153 | 171,120 | |
1,869,585 | |||
Food Products - 0.6% | |||
Fresh Del Monte Produce, Inc. | 17,060 | 435,883 | |
Hostess Brands, Inc. Class A (a) | 106,008 | 3,019,108 | |
Vital Farms, Inc. (a) | 16,305 | 192,073 | |
3,647,064 | |||
Personal Care Products - 0.6% | |||
elf Beauty, Inc. (a) | 16,682 | 2,313,960 | |
Herbalife Ltd. (a) | 11,098 | 166,692 | |
Nu Skin Enterprises, Inc. Class A | 33,700 | 805,093 | |
3,285,745 | |||
Tobacco - 0.1% | |||
Turning Point Brands, Inc. | 19,335 | 476,028 | |
TOTAL CONSUMER STAPLES | 15,929,756 | ||
ENERGY - 7.2% | |||
Energy Equipment & Services - 2.4% | |||
Archrock, Inc. (b) | 24,857 | 317,921 | |
Borr Drilling Ltd. (a) | 34,399 | 240,449 | |
Bristow Group, Inc. (a) | 20,236 | 560,537 | |
Championx Corp. | 9,474 | 341,917 | |
Diamond Offshore Drilling, Inc. (a) | 29,183 | 433,951 | |
DMC Global, Inc. (a) | 7,304 | 175,442 | |
Helix Energy Solutions Group, Inc. (a) | 159,094 | 1,613,213 | |
Nabors Industries Ltd. (a)(b) | 14,266 | 1,579,104 | |
Nabors Industries Ltd. warrants 6/11/26 (a) | 10,764 | 122,710 | |
Oceaneering International, Inc. (a) | 82,516 | 1,880,540 | |
Oil States International, Inc. (a) | 65,769 | 515,629 | |
Tidewater, Inc. (a) | 47,027 | 3,058,166 | |
U.S. Silica Holdings, Inc. (a) | 37,107 | 457,529 | |
Weatherford International PLC (a) | 32,854 | 2,908,236 | |
14,205,344 | |||
Oil, Gas & Consumable Fuels - 4.8% | |||
Ardmore Shipping Corp. (b) | 39,697 | 493,831 | |
Callon Petroleum Co. (a)(b) | 69,823 | 2,739,156 | |
Civitas Resources, Inc. | 38,304 | 3,149,355 | |
CNX Resources Corp. (a) | 15,843 | 354,091 | |
CONSOL Energy, Inc. | 4,004 | 344,504 | |
CVR Energy, Inc. (b) | 88,285 | 2,886,920 | |
Delek U.S. Holdings, Inc. | 108,156 | 2,785,017 | |
Denbury, Inc. (a) | 5,780 | 529,332 | |
DHT Holdings, Inc. | 26,036 | 240,833 | |
Frontline PLC (NY Shares) | 11,273 | 198,630 | |
International Seaways, Inc. | 11,504 | 494,327 | |
Magnolia Oil & Gas Corp. Class A | 65,479 | 1,492,921 | |
Matador Resources Co. (b) | 29,169 | 1,852,232 | |
Murphy Oil Corp. | 95,743 | 4,346,732 | |
Par Pacific Holdings, Inc. (a) | 28,617 | 982,994 | |
PBF Energy, Inc. Class A | 23,352 | 1,094,975 | |
Permian Resource Corp. Class A (b) | �� | 85,582 | 1,213,553 |
Scorpio Tankers, Inc. | 16,755 | 846,295 | |
SM Energy Co. | 6,894 | 291,685 | |
Teekay Tankers Ltd. | 9,340 | 379,951 | |
Vitesse Energy, Inc. (b) | 30,307 | 704,335 | |
W&T Offshore, Inc. (a)(b) | 69,779 | 284,698 | |
27,706,367 | |||
TOTAL ENERGY | 41,911,711 | ||
FINANCIALS - 15.8% | |||
Banks - 7.4% | |||
1st Source Corp. | 14,701 | 656,988 | |
Ameris Bancorp | 26,415 | 1,076,411 | |
Atlantic Union Bankshares Corp. | 63,226 | 1,877,180 | |
Axos Financial, Inc. (a) | 44,928 | 1,935,948 | |
BancFirst Corp. | 36,317 | 3,471,179 | |
Bancorp, Inc., Delaware (a) | 12,868 | 472,384 | |
Bank of Hawaii Corp. (b) | 28,701 | 1,542,392 | |
Banner Corp. | 16,809 | 732,032 | |
Berkshire Hills Bancorp, Inc. | 44,759 | 935,463 | |
Byline Bancorp, Inc. | 5,536 | 117,252 | |
Cadence Bank | 81,680 | 1,868,838 | |
Capital City Bank Group, Inc. | 2,442 | 74,505 | |
Cathay General Bancorp | 9,958 | 354,804 | |
Central Pacific Financial Corp. | 21,241 | 360,460 | |
City Holding Co. | 1,817 | 166,001 | |
Community Trust Bancorp, Inc. | 8,634 | 306,507 | |
CVB Financial Corp. | 10,161 | 177,411 | |
Financial Institutions, Inc. | 18,529 | 324,258 | |
First Bancorp, Puerto Rico | 164,659 | 2,282,174 | |
First Busey Corp. | 43,205 | 872,741 | |
First Commonwealth Financial Corp. | 100,973 | 1,319,717 | |
First Financial Bankshares, Inc. | 87,501 | 2,513,029 | |
Fulton Financial Corp. | 15,793 | 210,521 | |
Great Southern Bancorp, Inc. | 27,687 | 1,397,363 | |
Heartland Financial U.S.A., Inc. | 9,179 | 281,245 | |
Lakeland Financial Corp. | 45,541 | 2,374,052 | |
Mercantile Bank Corp. | 3,473 | 115,929 | |
Midland States Bancorp, Inc. | 11,254 | 249,839 | |
NBT Bancorp, Inc. | 46,432 | 1,598,189 | |
Northwest Bancshares, Inc. (b) | 37,462 | 412,082 | |
OFG Bancorp | 33,255 | 1,002,971 | |
Peapack-Gladstone Financial Corp. | 13,620 | 371,417 | |
Preferred Bank, Los Angeles | 15,828 | 983,077 | |
Provident Financial Services, Inc. | 33,514 | 552,311 | |
Renasant Corp. | 65,424 | 1,822,058 | |
Sierra Bancorp | 17,630 | 350,484 | |
Simmons First National Corp. Class A | 39,365 | 701,484 | |
Stellar Bancorp, Inc. | 31,153 | 662,624 | |
Tompkins Financial Corp. | 5,096 | 264,635 | |
Triumph Bancorp, Inc. (a) | 16,918 | 1,086,643 | |
Trustmark Corp. | 6,715 | 154,714 | |
UMB Financial Corp. | 16,140 | 1,020,209 | |
Univest Corp. of Pennsylvania | 15,294 | 275,139 | |
Washington Federal, Inc. | 74,450 | 2,023,551 | |
WesBanco, Inc. | 36,847 | 934,440 | |
Westamerica Bancorp. | 23,169 | 1,020,131 | |
43,302,782 | |||
Capital Markets - 3.0% | |||
Assetmark Financial Holdings, Inc. (a) | 65,891 | 1,903,591 | |
BGC Group, Inc. Class A | 309,430 | 1,528,584 | |
Federated Hermes, Inc. | 87,031 | 3,025,198 | |
Focus Financial Partners, Inc. Class A (a) | 1,889 | 100,117 | |
Open Lending Corp. (a) | 136,468 | 1,125,861 | |
Oppenheimer Holdings, Inc. Class A (non-vtg.) | 6,344 | 241,706 | |
Stifel Financial Corp. | 46,782 | 3,041,766 | |
StoneX Group, Inc. (a) | 26,935 | 2,528,658 | |
Virtus Investment Partners, Inc. | 14,798 | 3,064,666 | |
WisdomTree Investments, Inc. | 156,154 | 1,139,924 | |
17,700,071 | |||
Consumer Finance - 1.0% | |||
Bread Financial Holdings, Inc. (b) | 38,636 | 1,451,941 | |
EZCORP, Inc. (non-vtg.) Class A (a)(b) | 18,394 | 154,694 | |
LendingTree, Inc. (a) | 25,564 | 483,415 | |
PRA Group, Inc. (a) | 45,558 | 887,470 | |
PROG Holdings, Inc. (a) | 62,289 | 2,136,513 | |
Regional Management Corp. | 14,475 | 397,773 | |
5,511,806 | |||
Financial Services - 1.5% | |||
Compass Diversified Holdings | 29,117 | 601,266 | |
Essent Group Ltd. | 19,867 | 997,721 | |
Federal Agricultural Mortgage Corp. Class C (non-vtg.) | 18,715 | 3,150,109 | |
i3 Verticals, Inc. Class A (a) | 11,973 | 283,161 | |
NMI Holdings, Inc. (a) | 46,722 | 1,337,184 | |
Paysafe Ltd. (a)(b) | 66,938 | 876,888 | |
StoneCo Ltd. Class A (a) | 65,755 | 806,156 | |
Waterstone Financial, Inc. | 34,548 | 428,741 | |
8,481,226 | |||
Insurance - 1.8% | |||
American Equity Investment Life Holding Co. | 7,834 | 420,529 | |
Amerisafe, Inc. | 13,189 | 683,190 | |
BRP Group, Inc. (a) | 5,479 | 145,687 | |
Employers Holdings, Inc. | 25,050 | 982,712 | |
Goosehead Insurance (a) | 45,876 | 3,204,897 | |
Kinsale Capital Group, Inc. | 7,707 | 3,072,241 | |
Oscar Health, Inc. (a) | 135,052 | 846,776 | |
Trupanion, Inc. (a)(b) | 46,331 | 1,377,421 | |
10,733,453 | |||
Mortgage Real Estate Investment Trusts - 1.1% | |||
Apollo Commercial Real Estate Finance, Inc. | 144,182 | 1,574,467 | |
Blackstone Mortgage Trust, Inc. (b) | 67,364 | 1,483,355 | |
BrightSpire Capital, Inc. | 27,980 | 194,741 | |
KKR Real Estate Finance Trust, Inc. (b) | 138,298 | 1,730,108 | |
Ladder Capital Corp. Class A | 48,639 | 533,083 | |
TPG RE Finance Trust, Inc. | 80,657 | 606,541 | |
6,122,295 | |||
TOTAL FINANCIALS | 91,851,633 | ||
HEALTH CARE - 14.1% | |||
Biotechnology - 5.9% | |||
2seventy bio, Inc. (a) | 51,903 | 269,377 | |
Adaptimmune Therapeutics PLC sponsored ADR (a) | 99,822 | 77,881 | |
Adicet Bio, Inc. (a) | 80,194 | 160,388 | |
Adverum Biotechnologies, Inc. (a) | 173,968 | 302,704 | |
Affimed NV (a) | 81,785 | 44,491 | |
Agenus, Inc. (a) | 285,619 | 394,154 | |
Agios Pharmaceuticals, Inc. (a) | 2,210 | 60,620 | |
Akebia Therapeutics, Inc. (a)(b) | 396,648 | 551,341 | |
Akero Therapeutics, Inc. (a) | 15,424 | 765,493 | |
Alector, Inc. (a) | 44,330 | 241,599 | |
Alkermes PLC (a) | 50,492 | 1,473,861 | |
Allakos, Inc. (a)(b) | 100,484 | 289,394 | |
Allovir, Inc. (a) | 74,608 | 233,523 | |
Altimmune, Inc. (a)(b) | 38,100 | 96,393 | |
Amicus Therapeutics, Inc. (a) | 79,924 | 1,024,626 | |
Anika Therapeutics, Inc. (a) | 8,145 | 145,388 | |
Annexon, Inc. (a) | 52,175 | 143,481 | |
Arbutus Biopharma Corp. (a)(b) | 105,053 | 213,258 | |
Arcellx, Inc. (a) | 6,556 | 234,967 | |
Arcturus Therapeutics Holdings, Inc. (a) | 21,431 | 650,431 | |
Arcus Biosciences, Inc. (a) | 15,004 | 307,582 | |
Arrowhead Pharmaceuticals, Inc. (a) | 17,815 | 492,407 | |
Assembly Biosciences, Inc. (a) | 88,168 | 87,278 | |
Atara Biotherapeutics, Inc. (a) | 141,924 | 207,209 | |
Atreca, Inc. (a)(b) | 71,252 | 26,263 | |
Aurinia Pharmaceuticals, Inc. (a)(b) | 9,128 | 82,791 | |
Beam Therapeutics, Inc. (a) | 6,310 | 146,266 | |
BioCryst Pharmaceuticals, Inc. (a) | 84,448 | 600,425 | |
Biohaven Ltd. | 9,280 | 169,731 | |
bluebird bio, Inc. (a)(b) | 97,007 | 365,716 | |
Blueprint Medicines Corp. (a) | 9,609 | 479,105 | |
Bolt Biotherapeutics, Inc. (a)(b) | 50,695 | 55,765 | |
BridgeBio Pharma, Inc. (a)(b) | 45,117 | 1,349,449 | |
C4 Therapeutics, Inc. (a) | 74,120 | 214,948 | |
CareDx, Inc. (a) | 41,587 | 387,175 | |
Carisma Therapeutics, Inc. (b) | 15,224 | 105,350 | |
Carisma Therapeutics, Inc. rights (a)(c) | 304,482 | 3 | |
Catalyst Pharmaceutical Partners, Inc. (a) | 15,934 | 223,713 | |
Celldex Therapeutics, Inc. (a) | 3,305 | 92,210 | |
Cogent Biosciences, Inc. (a) | 40,414 | 493,455 | |
Coherus BioSciences, Inc. (a) | 61,882 | 329,831 | |
Corbus Pharmaceuticals Holdings, Inc. (a)(b) | 1,977 | 14,432 | |
Cytokinetics, Inc. (a) | 13,958 | 487,693 | |
CytomX Therapeutics, Inc. (a)(b) | 106,678 | 160,017 | |
Deciphera Pharmaceuticals, Inc. (a) | 37,045 | 520,112 | |
Denali Therapeutics, Inc. (a) | 18,724 | 432,337 | |
Design Therapeutics, Inc. (a) | 42,290 | 104,879 | |
Disc Medicine, Inc. (a) | 5,586 | 295,779 | |
Dynavax Technologies Corp. (a) | 8,832 | 126,828 | |
Dyne Therapeutics, Inc. (a) | 33,738 | 384,613 | |
Eagle Pharmaceuticals, Inc. (a) | 11,827 | 200,468 | |
Editas Medicine, Inc. (a) | 49,225 | 438,595 | |
Fate Therapeutics, Inc. (a)(b) | 113,561 | 285,038 | |
FibroGen, Inc. (a) | 169,479 | 162,700 | |
Fortress Biotech, Inc. (a)(b) | 54,189 | 18,966 | |
Gritstone Bio, Inc. (a) | 76,699 | 139,592 | |
Halozyme Therapeutics, Inc. (a) | 25,584 | 1,088,855 | |
Heron Therapeutics, Inc. (a)(b) | 175,793 | 288,301 | |
Homology Medicines, Inc. (a)(b) | 41,073 | 49,288 | |
ImmunoGen, Inc. (a) | 36,833 | 583,435 | |
Immunovant, Inc. (a) | 8,130 | 184,632 | |
Insmed, Inc. (a) | 43,896 | 960,883 | |
Intellia Therapeutics, Inc. (a) | 13,455 | 504,293 | |
Intercept Pharmaceuticals, Inc. (a)(b) | 28,209 | 305,503 | |
Ironwood Pharmaceuticals, Inc. Class A (a) | 7,869 | 69,247 | |
Jounce Therapeutics, Inc. rights (a)(c) | 118,367 | 1 | |
Kalvista Pharmaceuticals, Inc. (a) | 30,644 | 332,487 | |
Karyopharm Therapeutics, Inc. (a)(b) | 169,383 | 216,810 | |
Kodiak Sciences, Inc. (a) | 81,705 | 179,751 | |
Krystal Biotech, Inc. (a) | 2,738 | 340,826 | |
Kura Oncology, Inc. (a) | 41,351 | 410,615 | |
Macrogenics, Inc. (a) | 51,098 | 238,117 | |
Madrigal Pharmaceuticals, Inc. (a) | 4,832 | 869,760 | |
Mersana Therapeutics, Inc. (a) | 267,336 | 296,743 | |
MiMedx Group, Inc. (a) | 64,716 | 480,193 | |
Morphic Holding, Inc. (a) | 2,202 | 121,286 | |
Mustang Bio, Inc. (a) | 4,658 | 14,766 | |
Myriad Genetics, Inc. (a) | 7,410 | 132,269 | |
Nurix Therapeutics, Inc. (a) | 30,648 | 260,508 | |
Oncternal Therapeutics, Inc. rights (a)(c) | 1,148 | 0 | |
Organogenesis Holdings, Inc. Class A (a) | 52,812 | 147,874 | |
ORIC Pharmaceuticals, Inc. (a) | 74,952 | 671,570 | |
Ovid Therapeutics, Inc. (a) | 59,108 | 198,898 | |
Passage Bio, Inc. (a) | 38,538 | 30,098 | |
Precigen, Inc. (a)(b) | 195,693 | 342,463 | |
Protagonist Therapeutics, Inc. (a) | 26,155 | 518,392 | |
Prothena Corp. PLC (a) | 3,001 | 158,513 | |
PTC Therapeutics, Inc. (a) | 24,489 | 967,316 | |
Puma Biotechnology, Inc. (a)(b) | 41,309 | 149,952 | |
RAPT Therapeutics, Inc. (a) | 8,720 | 166,552 | |
Recursion Pharmaceuticals, Inc. (a)(b) | 22,076 | 192,061 | |
Revolution Medicines, Inc. (a) | 15,008 | 509,822 | |
Rigel Pharmaceuticals, Inc. (a) | 123,558 | 140,856 | |
Rocket Pharmaceuticals, Inc. (a) | 27,281 | 426,948 | |
Sana Biotechnology, Inc. (a)(b) | 55,028 | 294,400 | |
Sangamo Therapeutics, Inc. (a) | 177,187 | 171,747 | |
Selecta Biosciences, Inc. (a)(b) | 85,524 | 105,195 | |
Surface Oncology, Inc. (a) | 60,289 | 64,509 | |
Sutro Biopharma, Inc. (a) | 49,542 | 235,325 | |
Syndax Pharmaceuticals, Inc. (a) | 25,782 | 477,225 | |
TG Therapeutics, Inc. (a) | 4,583 | 47,984 | |
Travere Therapeutics, Inc. (a) | 19,110 | 272,891 | |
Vanda Pharmaceuticals, Inc. (a) | 46,697 | 242,357 | |
Vaxcyte, Inc. (a) | 13,310 | 691,055 | |
Vera Therapeutics, Inc. (a) | 25,853 | 457,340 | |
Veracyte, Inc. (a) | 4,940 | 130,416 | |
Vericel Corp. (a) | 3,194 | 104,859 | |
Voyager Therapeutics, Inc. (a) | 45,215 | 453,054 | |
Xbiotech, Inc. (a) | 12,960 | 63,763 | |
Xencor, Inc. (a) | 5,090 | 111,878 | |
Y-mAbs Therapeutics, Inc. (a) | 21,928 | 111,175 | |
Zymeworks, Inc. (b) | 15,567 | 112,705 | |
34,059,853 | |||
Health Care Equipment & Supplies - 3.5% | |||
Accuray, Inc. (a)(b) | 288,517 | 822,273 | |
Alphatec Holdings, Inc. (a) | 16,013 | 261,813 | |
Artivion, Inc. (a) | 47,507 | 803,818 | |
Atricure, Inc. (a) | 62,034 | 2,800,835 | |
Avanos Medical, Inc. (a) | 78,707 | 1,655,995 | |
Cerus Corp. (a) | 243,112 | 459,482 | |
Embecta Corp. | 6,166 | 113,023 | |
Inari Medical, Inc. (a) | 20,399 | 1,358,981 | |
Integer Holdings Corp. (a) | 3,275 | 279,390 | |
IRadimed Corp. | 5,532 | 255,744 | |
Lantheus Holdings, Inc. (a) | 53,900 | 3,688,916 | |
LivaNova PLC (a) | 9,102 | 505,616 | |
Merit Medical Systems, Inc. (a) | 35,519 | 2,318,680 | |
Omnicell, Inc. (a) | 26,570 | 1,510,770 | |
SurModics, Inc. (a) | 29,063 | 1,070,100 | |
Tactile Systems Technology, Inc. (a) | 26,277 | 497,949 | |
Zimvie, Inc. (a) | 181,160 | 2,137,688 | |
20,541,073 | |||
Health Care Providers & Services - 2.2% | |||
23andMe Holding Co. Class A (a)(b) | 490,882 | 539,970 | |
Addus HomeCare Corp. (a) | 8,104 | 710,721 | |
AMN Healthcare Services, Inc. (a) | 12,341 | 1,090,698 | |
Guardant Health, Inc. (a) | 32,179 | 1,257,555 | |
Invitae Corp. (a)(b) | 361,258 | 333,839 | |
National Healthcare Corp. | 17,743 | 1,170,151 | |
Option Care Health, Inc. (a) | 121,161 | 4,220,038 | |
Patterson Companies, Inc. | 104,453 | 3,137,768 | |
The Ensign Group, Inc. | 4,940 | 495,087 | |
12,955,827 | |||
Health Care Technology - 0.7% | |||
Computer Programs & Systems, Inc. (a) | 14,296 | 232,596 | |
HealthStream, Inc. | 45,408 | 954,930 | |
Nextgen Healthcare, Inc. (a) | 64,331 | 1,171,468 | |
Phreesia, Inc. (a) | 57,854 | 1,647,103 | |
4,006,097 | |||
Life Sciences Tools & Services - 0.4% | |||
Adaptive Biotechnologies Corp. (a) | 71,283 | 482,586 | |
Codexis, Inc. (a) | 52,093 | 90,642 | |
Medpace Holdings, Inc. (a) | 2,531 | 684,053 | |
Nanostring Technologies, Inc. (a) | 75,916 | 194,345 | |
OmniAb, Inc. (a) | 24,082 | 139,676 | |
Pacific Biosciences of California, Inc. (a) | 30,991 | 349,578 | |
Quanterix Corp. (a) | 17,005 | 455,734 | |
2,396,614 | |||
Pharmaceuticals - 1.4% | |||
Amneal Pharmaceuticals, Inc. (a) | 97,980 | 400,738 | |
Amphastar Pharmaceuticals, Inc. (a) | 15,137 | 806,953 | |
Amylyx Pharmaceuticals, Inc. (a) | 24,973 | 538,418 | |
Arvinas Holding Co. LLC (a) | 17,721 | 499,909 | |
Atea Pharmaceuticals, Inc. (a) | 39,227 | 131,803 | |
Axsome Therapeutics, Inc. (a) | 4,075 | 329,260 | |
Cara Therapeutics, Inc. (a) | 95,825 | 246,270 | |
Corcept Therapeutics, Inc. (a) | 9,583 | 313,652 | |
CymaBay Therapeutics, Inc. (a) | 21,586 | 296,808 | |
Esperion Therapeutics, Inc. (a)(b) | 133,227 | 213,163 | |
Harrow Health, Inc. (a) | 10,372 | 157,343 | |
Intra-Cellular Therapies, Inc. (a) | 18,480 | 1,026,010 | |
NGM Biopharmaceuticals, Inc. (a) | 28,902 | 54,625 | |
Ocular Therapeutix, Inc. (a) | 39,930 | 150,935 | |
Odonate, Inc. (a)(b) | 72,556 | 108,834 | |
Pacira Biosciences, Inc. (a) | 2,677 | 94,498 | |
Phathom Pharmaceuticals, Inc. (a)(b) | 22,840 | 328,668 | |
Prestige Brands Holdings, Inc. (a) | 18,756 | 1,094,037 | |
Reata Pharmaceuticals, Inc. (a) | 3,307 | 558,883 | |
Relmada Therapeutics, Inc. (a)(b) | 52,182 | 176,375 | |
Revance Therapeutics, Inc. (a) | 4,559 | 80,375 | |
Supernus Pharmaceuticals, Inc. (a) | 2,528 | 80,492 | |
Terns Pharmaceuticals, Inc. (a) | 33,887 | 178,584 | |
Ventyx Biosciences, Inc. (a) | 3,995 | 133,833 | |
WAVE Life Sciences (a) | 41,740 | 181,569 | |
8,182,035 | |||
TOTAL HEALTH CARE | 82,141,499 | ||
INDUSTRIALS - 18.3% | |||
Aerospace & Defense - 0.9% | |||
Astronics Corp. (a) | 39,961 | 700,516 | |
Park Aerospace Corp. | 10,558 | 143,906 | |
Parsons Corp. (a) | 66,088 | 3,768,338 | |
Rocket Lab U.S.A., Inc. Class A (a) | 63,187 | 398,710 | |
Virgin Galactic Holdings, Inc. (a)(b) | 149,756 | 377,385 | |
5,388,855 | |||
Air Freight & Logistics - 0.4% | |||
Forward Air Corp. | 35,781 | 2,534,010 | |
Building Products - 2.0% | |||
Apogee Enterprises, Inc. | 44,952 | 2,268,278 | |
Griffon Corp. | 31,870 | 1,334,397 | |
Janus International Group, Inc. (a) | 128,236 | 1,468,302 | |
Jeld-Wen Holding, Inc. (a) | 49,706 | 749,566 | |
PGT Innovations, Inc. (a) | 72,354 | 2,039,659 | |
Resideo Technologies, Inc. (a) | 71,708 | 1,208,997 | |
Simpson Manufacturing Co. Ltd. | 2,400 | 383,424 | |
UFP Industries, Inc. | 21,645 | 2,258,656 | |
11,711,279 | |||
Commercial Services & Supplies - 1.7% | |||
ABM Industries, Inc. | 11,285 | 512,565 | |
ACV Auctions, Inc. Class A (a) | 150,343 | 2,527,266 | |
Brady Corp. Class A | 10,291 | 519,078 | |
Cimpress PLC (a) | 46,497 | 3,004,171 | |
Interface, Inc. (b) | 59,044 | 609,925 | |
Liquidity Services, Inc. (a) | 4,801 | 87,618 | |
Millerknoll, Inc. (b) | 18,800 | 359,080 | |
The Brink's Co. | 33,488 | 2,538,725 | |
10,158,428 | |||
Construction & Engineering - 1.6% | |||
API Group Corp. (a) | 15,951 | 449,021 | |
Arcosa, Inc. | 9,384 | 734,016 | |
Comfort Systems U.S.A., Inc. | 8,882 | 1,639,351 | |
Dycom Industries, Inc. (a) | 5,713 | 570,900 | |
EMCOR Group, Inc. | 14,258 | 3,197,357 | |
Limbach Holdings, Inc. (a) | 10,710 | 386,952 | |
MYR Group, Inc. (a) | 8,894 | 1,263,571 | |
Sterling Construction Co., Inc. (a) | 9,132 | 755,764 | |
8,996,932 | |||
Electrical Equipment - 3.1% | |||
Array Technologies, Inc. (a) | 66,325 | 1,649,503 | |
Atkore, Inc. (a) | 27,143 | 4,179,208 | |
Encore Wire Corp. (b) | 5,994 | 987,871 | |
EnerSys (b) | 38,387 | 4,029,867 | |
Enovix Corp. (a)(b) | 64,030 | 882,333 | |
LSI Industries, Inc. | 18,187 | 286,445 | |
Powell Industries, Inc. | 19,498 | 1,637,247 | |
Preformed Line Products Co. | 12,841 | 2,176,421 | |
Regal Rexnord Corp. | 2,713 | 440,021 | |
Thermon Group Holdings, Inc. (a) | 54,977 | 1,510,768 | |
Vicor Corp. (a) | 5,241 | 355,183 | |
18,134,867 | |||
Ground Transportation - 0.2% | |||
Marten Transport Ltd. | 59,786 | 1,255,506 | |
TuSimple Holdings, Inc. (a) | 103,200 | 129,000 | |
1,384,506 | |||
Machinery - 2.5% | |||
Alamo Group, Inc. | 2,192 | 376,257 | |
Albany International Corp. Class A | 2,232 | 206,951 | |
Barnes Group, Inc. | 18,617 | 731,648 | |
EnPro Industries, Inc. | 2,768 | 377,528 | |
Federal Signal Corp. | 7,171 | 437,072 | |
Franklin Electric Co., Inc. | 3,052 | 295,159 | |
Gorman-Rupp Co. | 6,777 | 217,813 | |
Hillenbrand, Inc. | 12,700 | 615,188 | |
Hurco Companies, Inc. | 20,022 | 434,077 | |
Hyster-Yale Materials Handling, Inc. Class A (b) | 23,108 | 1,055,342 | |
Kadant, Inc. | 1,183 | 259,952 | |
L.B. Foster Co. Class A (a) | 6,670 | 117,459 | |
Mueller Industries, Inc. | 3,486 | 268,980 | |
Mueller Water Products, Inc. Class A | 34,827 | 491,757 | |
Proto Labs, Inc. (a) | 14,148 | 417,366 | |
SPX Technologies, Inc. (a) | 28,897 | 2,283,441 | |
Tennant Co. (b) | 10,335 | 851,914 | |
Terex Corp. | 10,058 | 609,615 | |
Wabash National Corp. | 27,573 | 621,771 | |
Watts Water Technologies, Inc. Class A | 19,828 | 3,742,932 | |
14,412,222 | |||
Marine Transportation - 0.5% | |||
Matson, Inc. | 30,085 | 2,643,870 | |
Passenger Airlines - 0.3% | |||
Allegiant Travel Co. | 7,252 | 644,268 | |
Joby Aviation, Inc. (a)(b) | 41,337 | 307,961 | |
Mesa Air Group, Inc. (a) | 87,564 | 119,963 | |
SkyWest, Inc. (a) | 9,564 | 431,336 | |
Sun Country Airlines Holdings, Inc. (a) | 18,475 | 275,093 | |
1,778,621 | |||
Professional Services - 3.5% | |||
Barrett Business Services, Inc. | 24,966 | 2,388,747 | |
Conduent, Inc. (a) | 84,335 | 264,812 | |
CRA International, Inc. | 9,840 | 1,068,919 | |
CSG Systems International, Inc. | 63,195 | 3,432,120 | |
ExlService Holdings, Inc. (a) | 130,690 | 3,820,069 | |
Heidrick & Struggles International, Inc. | 29,980 | 794,170 | |
Huron Consulting Group, Inc. (a) | 34,549 | 3,453,173 | |
Insperity, Inc. | 2,388 | 241,976 | |
TriNet Group, Inc. (a) | 3,760 | 417,097 | |
Ttec Holdings, Inc. | 34,743 | 1,033,952 | |
Upwork, Inc. (a) | 226,580 | 3,355,650 | |
20,270,685 | |||
Trading Companies & Distributors - 1.6% | |||
Alta Equipment Group, Inc. | 16,408 | 233,486 | |
Applied Industrial Technologies, Inc. | 7,120 | 1,099,114 | |
Beacon Roofing Supply, Inc. (a) | 22,655 | 1,809,002 | |
DXP Enterprises, Inc. (a) | 10,989 | 390,879 | |
Global Industrial Co. | 36,717 | 1,242,503 | |
H&E Equipment Services, Inc. | 17,901 | 811,273 | |
MRC Global, Inc. (a) | 49,810 | 464,229 | |
Rush Enterprises, Inc. Class A | 46,119 | 1,909,788 | |
Transcat, Inc. (a) | 1,548 | 157,834 | |
Triton International Ltd. | 5,851 | 490,957 | |
Veritiv Corp. | 4,199 | 706,818 | |
9,315,883 | |||
TOTAL INDUSTRIALS | 106,730,158 | ||
INFORMATION TECHNOLOGY - 14.8% | |||
Communications Equipment - 0.6% | |||
CommScope Holding Co., Inc. (a) | 372,378 | 1,243,743 | |
Extreme Networks, Inc. (a) | 65,460 | 1,796,877 | |
Harmonic, Inc. (a) | 38,753 | 413,882 | |
3,454,502 | |||
Electronic Equipment, Instruments & Components - 4.0% | |||
Arlo Technologies, Inc. (a) | 31,661 | 309,328 | |
Badger Meter, Inc. | 8,000 | 1,328,640 | |
Belden, Inc. | 43,243 | 4,060,518 | |
Benchmark Electronics, Inc. | 54,771 | 1,409,806 | |
ePlus, Inc. (a) | 2,936 | 194,892 | |
Fabrinet (a) | 19,336 | 3,108,649 | |
FARO Technologies, Inc. (a) | 24,634 | 390,695 | |
Insight Enterprises, Inc. (a) | 23,946 | 3,833,515 | |
Itron, Inc. (a) | 15,146 | 1,036,138 | |
Kimball Electronics, Inc. (a) | 68,148 | 2,057,388 | |
OSI Systems, Inc. (a) | 3,334 | 454,591 | |
PC Connection, Inc. | 18,741 | 995,522 | |
Sanmina Corp. (a) | 63,903 | 3,559,397 | |
ScanSource, Inc. (a) | 14,364 | 470,852 | |
23,209,931 | |||
Semiconductors & Semiconductor Equipment - 2.2% | |||
Axcelis Technologies, Inc. (a) | 16,485 | 3,167,593 | |
CEVA, Inc. (a) | 8,717 | 202,409 | |
Diodes, Inc. (a) | 17,546 | 1,436,140 | |
Lattice Semiconductor Corp. (a) | 31,697 | 3,082,850 | |
MaxLinear, Inc. Class A (a) | 45,180 | 1,061,730 | |
PDF Solutions, Inc. (a) | 70,662 | 2,567,857 | |
Photronics, Inc. (a) | 49,355 | 1,172,675 | |
Rambus, Inc. (a) | 6,863 | 387,554 | |
13,078,808 | |||
Software - 6.7% | |||
8x8, Inc. (a)(b) | 378,363 | 1,229,680 | |
Blackbaud, Inc. (a) | 23,085 | 1,756,999 | |
BlackLine, Inc. (a) | 32,441 | 1,948,406 | |
Box, Inc. Class A (a) | 28,128 | 744,829 | |
CommVault Systems, Inc. (a) | 40,360 | 2,756,992 | |
Domo, Inc. Class B (a) | 184,441 | 1,966,141 | |
LivePerson, Inc. (a) | 269,998 | 1,133,992 | |
Liveramp Holdings, Inc. (a) | 114,999 | 3,719,068 | |
Pagerduty, Inc. (a) | 149,275 | 3,845,324 | |
Progress Software Corp. | 26,877 | 1,635,197 | |
PROS Holdings, Inc. (a) | 28,205 | 1,011,431 | |
Q2 Holdings, Inc. (a) | 105,635 | 3,634,900 | |
Qualys, Inc. (a) | 27,669 | 4,306,680 | |
Rapid7, Inc. (a) | 5,305 | 267,319 | |
SecureWorks Corp. (a) | 33,777 | 233,061 | |
Sprout Social, Inc. (a) | 26,175 | 1,401,410 | |
SPS Commerce, Inc. (a) | 18,656 | 3,472,441 | |
Tenable Holdings, Inc. (a) | 22,956 | 1,041,514 | |
Upland Software, Inc. (a) | 36,104 | 128,169 | |
Yext, Inc. (a) | 151,193 | 1,324,451 | |
Zuora, Inc. (a) | 135,648 | 1,235,753 | |
38,793,757 | |||
Technology Hardware, Storage & Peripherals - 1.3% | |||
IonQ, Inc. (a)(b) | 79,213 | 1,361,671 | |
Super Micro Computer, Inc. (a) | 22,477 | 6,182,964 | |
7,544,635 | |||
TOTAL INFORMATION TECHNOLOGY | 86,081,633 | ||
MATERIALS - 5.2% | |||
Chemicals - 1.6% | |||
AdvanSix, Inc. (b) | 4,671 | 154,517 | |
American Vanguard Corp. | 53,841 | 744,083 | |
Avient Corp. | 17,863 | 716,485 | |
Balchem Corp. | 2,514 | 353,217 | |
Ecovyst, Inc. (a) | 86,009 | 880,732 | |
FutureFuel Corp. | 47,346 | 335,210 | |
H.B. Fuller Co. (b) | 21,789 | 1,580,356 | |
Innospec, Inc. | 15,775 | 1,694,551 | |
Minerals Technologies, Inc. | 23,492 | 1,435,361 | |
Orion SA | 7,849 | 177,544 | |
Rayonier Advanced Materials, Inc. (a) | 35,794 | 126,353 | |
Sensient Technologies Corp. (b) | 19,950 | 1,229,120 | |
9,427,529 | |||
Construction Materials - 0.1% | |||
Summit Materials, Inc. | 21,404 | 800,724 | |
Containers & Packaging - 0.5% | |||
Greif, Inc. Class A | 7,645 | 554,951 | |
Myers Industries, Inc. | 125,040 | 2,352,002 | |
O-I Glass, Inc. (a) | 9,005 | 178,839 | |
3,085,792 | |||
Metals & Mining - 2.9% | |||
ATI, Inc. (a) | 50,014 | 2,267,135 | |
Carpenter Technology Corp. | 49,207 | 3,081,834 | |
Commercial Metals Co. | 58,769 | 3,308,107 | |
Constellium NV (a) | 53,556 | 964,008 | |
Materion Corp. | 13,145 | 1,430,045 | |
Olympic Steel, Inc. | 2,939 | 157,295 | |
Ryerson Holding Corp. (b) | 19,103 | 594,867 | |
SunCoke Energy, Inc. | 242,815 | 2,258,180 | |
Worthington Industries, Inc. | 33,405 | 2,514,394 | |
16,575,865 | |||
Paper & Forest Products - 0.1% | |||
Clearwater Paper Corp. (a) | 19,219 | 735,896 | |
TOTAL MATERIALS | 30,625,806 | ||
REAL ESTATE - 4.5% | |||
Equity Real Estate Investment Trusts (REITs) - 4.3% | |||
Alexanders, Inc. | 1,922 | 368,544 | |
American Assets Trust, Inc. | 70,248 | 1,504,010 | |
Ashford Hospitality Trust, Inc. (a)(b) | 103,577 | 307,624 | |
Community Healthcare Trust, Inc. | 6,184 | 205,247 | |
Corporate Office Properties Trust (SBI) | 63,049 | 1,631,708 | |
EastGroup Properties, Inc. | 9,287 | 1,668,224 | |
Empire State Realty Trust, Inc. | 119,316 | 1,041,629 | |
Essential Properties Realty Trust, Inc. | 101,531 | 2,438,775 | |
Four Corners Property Trust, Inc. | 132,714 | 3,339,084 | |
Global Medical REIT, Inc. | 107,050 | 1,036,244 | |
Global Net Lease, Inc. | 95,706 | 1,086,263 | |
LXP Industrial Trust (REIT) | 115,203 | 1,131,293 | |
National Storage Affiliates Trust | 26,801 | 900,514 | |
NexPoint Residential Trust, Inc. | 7,156 | 268,708 | |
Phillips Edison & Co., Inc. | 66,057 | 2,236,690 | |
Retail Opportunity Investments Corp. | 17,968 | 241,849 | |
Ryman Hospitality Properties, Inc. | 26,497 | 2,253,040 | |
Tanger Factory Outlet Centers, Inc. | 22,025 | 512,081 | |
Terreno Realty Corp. | 37,100 | 2,259,019 | |
Universal Health Realty Income Trust (SBI) | 15,526 | 723,977 | |
Veris Residential, Inc. | 10,200 | 189,822 | |
25,344,345 | |||
Real Estate Management & Development - 0.2% | |||
Anywhere Real Estate, Inc. (a) | 103,182 | 676,874 | |
Opendoor Technologies, Inc. (a) | 60,006 | 234,023 | |
910,897 | |||
TOTAL REAL ESTATE | 26,255,242 | ||
UTILITIES - 1.6% | |||
Electric Utilities - 0.6% | |||
Allete, Inc. | 24,465 | 1,343,129 | |
MGE Energy, Inc. | 15,661 | 1,134,326 | |
PNM Resources, Inc. | 5,638 | 249,820 | |
Portland General Electric Co. | 18,286 | 802,024 | |
3,529,299 | |||
Gas Utilities - 0.2% | |||
New Jersey Resources Corp. | 22,426 | 945,704 | |
Independent Power and Renewable Electricity Producers - 0.4% | |||
Altus Power, Inc. Class A (a)(b) | 183,445 | 1,185,055 | |
Clearway Energy, Inc.: | |||
Class A | 29,120 | 682,573 | |
Class C | 27,526 | 681,819 | |
2,549,447 | |||
Multi-Utilities - 0.1% | |||
Black Hills Corp. | 5,864 | 322,520 | |
Water Utilities - 0.3% | |||
American States Water Co. | 19,594 | 1,650,011 | |
Consolidated Water Co., Inc. | 5,003 | 133,280 | |
1,783,291 | |||
TOTAL UTILITIES | 9,130,261 | ||
TOTAL COMMON STOCKS (Cost $520,118,662) | 571,262,311 | ||
Money Market Funds - 9.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.43% (d) | 22,768,198 | 22,772,751 | |
Fidelity Securities Lending Cash Central Fund 5.44% (d)(e) | 32,616,169 | 32,619,431 | |
TOTAL MONEY MARKET FUNDS (Cost $55,389,936) | 55,392,182 | ||
TOTAL INVESTMENT IN SECURITIES - 107.5% (Cost $575,508,598) | 626,654,493 |
NET OTHER ASSETS (LIABILITIES) - (7.5)% | (43,797,089) |
NET ASSETS - 100.0% | 582,857,404 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini Russell 2000 Index Contracts (United States) | 111 | Sep 2023 | 10,553,880 | 216,261 | 216,261 |
The notional amount of futures purchased as a percentage of Net Assets is 1.8% |
(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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.43% | 8,573,464 | 70,904,935 | 56,705,648 | 214,681 | - | - | 22,772,751 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.44% | 44,526,740 | 97,771,786 | 109,679,096 | 64,645 | - | 1 | 32,619,431 | 0.1% |
Total | 53,100,204 | 168,676,721 | 166,384,744 | 279,326 | - | 1 | 55,392,182 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 15,201,119 | 15,201,119 | - | - |
Consumer Discretionary | 65,403,493 | 65,403,493 | - | - |
Consumer Staples | 15,929,756 | 15,929,756 | - | - |
Energy | 41,911,711 | 41,911,711 | - | - |
Financials | 91,851,633 | 91,851,633 | - | - |
Health Care | 82,141,499 | 82,141,495 | - | 4 |
Industrials | 106,730,158 | 106,730,158 | - | - |
Information Technology | 86,081,633 | 86,081,633 | - | - |
Materials | 30,625,806 | 30,625,806 | - | - |
Real Estate | 26,255,242 | 26,255,242 | - | - |
Utilities | 9,130,261 | 9,130,261 | - | - |
Money Market Funds | 55,392,182 | 55,392,182 | - | - |
Total Investments in Securities: | 626,654,493 | 626,654,489 | - | 4 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | 216,261 | 216,261 | - | - |
Total Assets | 216,261 | 216,261 | - | - |
Total Derivative Instruments: | 216,261 | 216,261 | - | - |
Primary Risk Exposure / Derivative Type �� | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 216,261 | 0 |
Total Equity Risk | 216,261 | 0 |
Total Value of Derivatives | 216,261 | 0 |
Statement of Assets and Liabilities | ||||
August 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $31,464,022) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $520,118,662) | $ | 571,262,311 | ||
Fidelity Central Funds (cost $55,389,936) | 55,392,182 | |||
Total Investment in Securities (cost $575,508,598) | $ | 626,654,493 | ||
Segregated cash with brokers for derivative instruments | 620,000 | |||
Receivable for investments sold | 5,169,860 | |||
Receivable for fund shares sold | 597,904 | |||
Dividends receivable | 463,469 | |||
Distributions receivable from Fidelity Central Funds | 62,382 | |||
Other receivables | 18,284 | |||
Total assets | 633,586,392 | |||
Liabilities | ||||
Payable for investments purchased | $ | 17,542,456 | ||
Payable for fund shares redeemed | 282,181 | |||
Accrued management fee | 266,317 | |||
Payable for daily variation margin on futures contracts | 24,748 | |||
Collateral on securities loaned | 32,613,286 | |||
Total Liabilities | 50,728,988 | |||
Net Assets | $ | 582,857,404 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 544,143,558 | ||
Total accumulated earnings (loss) | 38,713,846 | |||
Net Assets | $ | 582,857,404 | ||
Net Asset Value, offering price and redemption price per share ($582,857,404 ÷ 43,499,136 shares) | $ | 13.40 |
Statement of Operations | ||||
Six months ended August 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 4,063,052 | ||
Interest | 11,945 | |||
Income from Fidelity Central Funds (including $64,645 from security lending) | 279,326 | |||
Total Income | 4,354,323 | |||
Expenses | ||||
Management fee | $ | 1,543,850 | ||
Independent trustees' fees and expenses | 2,075 | |||
Total expenses before reductions | 1,545,925 | |||
Expense reductions | (1,280) | |||
Total expenses after reductions | 1,544,645 | |||
Net Investment income (loss) | 2,809,678 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 8,007,616 | |||
Redemptions in-kind | 9,988,450 | |||
Futures contracts | (222,795) | |||
Total net realized gain (loss) | 17,773,271 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (3,772,304) | |||
Fidelity Central Funds | 1 | |||
Futures contracts | (1,304) | |||
Total change in net unrealized appreciation (depreciation) | (3,773,607) | |||
Net gain (loss) | 13,999,664 | |||
Net increase (decrease) in net assets resulting from operations | $ | 16,809,342 |
Statement of Changes in Net Assets | ||||
Six months ended August 31, 2023 (Unaudited) | Year ended February 28, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 2,809,678 | $ | 5,449,677 |
Net realized gain (loss) | 17,773,271 | (26,454,327) | ||
Change in net unrealized appreciation (depreciation) | (3,773,607) | 865,031 | ||
Net increase (decrease) in net assets resulting from operations | 16,809,342 | (20,139,619) | ||
Distributions to shareholders | - | (28,460,527) | ||
Share transactions | ||||
Proceeds from sales of shares | 65,348,006 | 54,476,948 | ||
Reinvestment of distributions | - | 26,941,979 | ||
Cost of shares redeemed | (84,772,591) | (102,513,711) | ||
Net increase (decrease) in net assets resulting from share transactions | (19,424,585) | (21,094,784) | ||
Total increase (decrease) in net assets | (2,615,243) | (69,694,930) | ||
Net Assets | ||||
Beginning of period | 585,472,647 | 655,167,577 | ||
End of period | $ | 582,857,404 | $ | 585,472,647 |
Other Information | ||||
Shares | ||||
Sold | 5,062,811 | 4,367,027 | ||
Issued in reinvestment of distributions | - | 2,089,264 | ||
Redeemed | (6,624,999) | (8,275,075) | ||
Net increase (decrease) | (1,562,188) | (1,818,784) | ||
Fidelity® Small Cap Enhanced Index Fund |
Six months ended (Unaudited) August 31, 2023 | Years ended February 28, 2023 | 2022 | 2021 | 2020 A | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 12.99 | $ | 13.98 | $ | 17.29 | $ | 11.31 | $ | 12.57 | $ | 13.81 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .06 | .12 | .07 | .08 | .12 | .11 | ||||||
Net realized and unrealized gain (loss) | .35 | (.50) | (.20) | 5.99 | (1.26) | .31 | ||||||
Total from investment operations | .41 | (.38) | (.13) | 6.07 | (1.14) | .42 | ||||||
Distributions from net investment income | - | (.11) | (.07) | (.09) | (.12) | (.12) | ||||||
Distributions from net realized gain | - | (.51) | (3.11) | - | - | (1.54) | ||||||
Total distributions | - | (.61) D | (3.18) | (.09) | (.12) | (1.66) | ||||||
Net asset value, end of period | $ | 13.40 | $ | 12.99 | $ | 13.98 | $ | 17.29 | $ | 11.31 | $ | 12.57 |
Total Return E,F | 3.16% | (2.62)% | (1.64)% | 53.78% | (9.18)% | 4.01% | ||||||
Ratios to Average Net Assets C,G,H | ||||||||||||
Expenses before reductions | .55% I | .55% | .63% | .64% | .64% | .64% | ||||||
Expenses net of fee waivers, if any | .55% I | .55% | .63% | .64% | .64% | .64% | ||||||
Expenses net of all reductions | .55% I | .55% | .63% | .64% | .64% | .64% | ||||||
Net investment income (loss) | 1.00% I | .94% | .41% | .62% | .94% | .84% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 582,857 | $ | 585,473 | $ | 655,168 | $ | 689,131 | $ | 515,960 | $ | 701,171 |
Portfolio turnover rate J | 106% I,K | 98% | 96% | 44% | 79% | 88% |
Gross unrealized appreciation | $107,626,608 |
Gross unrealized depreciation | (60,321,199) |
Net unrealized appreciation (depreciation) | $47,305,409 |
Tax cost | $579,565,345 |
Short-term | $(28,433,044) |
Total capital loss carryforward | $(28,433,044) |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Small Cap Enhanced Index Fund | 309,548,147 | 295,432,123 |
Shares | Total net realized gain or loss($) | Total Proceeds($) | |
Fidelity Small Cap Enhanced Index Fund | 2,303,273 | 9,988,450 | 29,851,921 |
Amount | |
Fidelity Small Cap Enhanced Index Fund | $42 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Small Cap Enhanced Index Fund | 8,453,028 | 9,543,124 | (792,123) |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
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 | $6,468 | $2,329 | $23,517 |
Current Mutual Fund (Target and Predecessor Fund) | New ETF |
Fidelity Small Cap Enhanced Index Fund | Fidelity Enhanced Small Cap ETF |
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, 2023 to August 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value March 1, 2023 | Ending Account Value August 31, 2023 | Expenses Paid During Period- C March 1, 2023 to August 31, 2023 | |||||||
Fidelity® Small Cap Enhanced Index Fund | .55% | |||||||||
Actual | $ 1,000 | $ 1,031.60 | $ 2.81 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.37 | $ 2.80 | |||||||
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Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(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 23, 2023 |
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 23, 2023 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | October 23, 2023 |