Quarterly Holdings Report
for
Strategic Advisers® Small-Mid Cap Fund
Offered exclusively to certain clients of Strategic Advisers LLC - not available for sale to the general publicNovember 30, 2020
SMC-QTLY-0121
1.912861.110
Schedule of Investments November 30, 2020 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 84.1% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 1.8% | |||
Diversified Telecommunication Services - 0.4% | |||
Bandwidth, Inc. (a) | 57,281 | $8,694,110 | |
CenturyLink, Inc. | 463,300 | 4,841,485 | |
GCI Liberty, Inc. (a) | 140,723 | 12,822,680 | |
Vonage Holdings Corp. (a) | 359,109 | 4,618,142 | |
30,976,417 | |||
Entertainment - 0.1% | |||
Activision Blizzard, Inc. | 18,335 | 1,457,266 | |
Electronic Arts, Inc. | 9,854 | 1,258,849 | |
Eros International PLC (a)(b) | 950,801 | 2,025,206 | |
Liberty Media Corp. Liberty Formula One Group Series C (a) | 13,700 | 572,386 | |
Sciplay Corp. (A Shares) (a) | 13,104 | 195,119 | |
World Wrestling Entertainment, Inc. Class A | 157,852 | 6,793,950 | |
12,302,776 | |||
Interactive Media & Services - 0.7% | |||
Alphabet, Inc. Class C (a) | 2,311 | 4,069,070 | |
CarGurus, Inc. Class A (a) | 192,070 | 4,811,354 | |
Cars.com, Inc. (a) | 198,000 | 2,211,660 | |
Facebook, Inc. Class A (a) | 15,845 | 4,388,590 | |
InterActiveCorp (a) | 73,376 | 10,418,658 | |
Match Group, Inc. (a) | 138,394 | 19,265,829 | |
QuinStreet, Inc. (a) | 578,840 | 10,329,400 | |
Yelp, Inc. (a) | 137,196 | 4,382,040 | |
59,876,601 | |||
Media - 0.5% | |||
AMC Networks, Inc. Class A (a)(b) | 107,091 | 3,530,790 | |
Criteo SA sponsored ADR (a) | 276,172 | 5,349,452 | |
Entercom Communications Corp. Class A | 862,300 | 2,095,389 | |
Gray Television, Inc. (a) | 43,200 | 762,912 | |
Interpublic Group of Companies, Inc. | 37,200 | 828,816 | |
National CineMedia, Inc. | 35,821 | 120,717 | |
News Corp. Class A | 37,700 | 665,405 | |
Nexstar Broadcasting Group, Inc. Class A | 60,862 | 6,405,726 | |
Ocean Outdoor Ltd. (a)(c) | 1,223,674 | 8,711,895 | |
TechTarget, Inc. (a) | 13,178 | 691,845 | |
ViacomCBS, Inc. Class B | 232,500 | 8,202,600 | |
37,365,547 | |||
Wireless Telecommunication Services - 0.1% | |||
Boingo Wireless, Inc. (a) | 404,941 | 5,729,915 | |
TOTAL COMMUNICATION SERVICES | 146,251,256 | ||
CONSUMER DISCRETIONARY - 12.7% | |||
Auto Components - 1.2% | |||
BorgWarner, Inc. | 170,700 | 6,631,695 | |
Cooper Tire & Rubber Co. | 239,332 | 9,508,660 | |
Cooper-Standard Holding, Inc. (a) | 367,949 | 12,480,830 | |
Dana, Inc. | 804,599 | 13,549,447 | |
Dorman Products, Inc. (a) | 16,682 | 1,540,916 | |
Fox Factory Holding Corp. (a) | 56,061 | 4,892,443 | |
Gentex Corp. | 321,010 | 10,464,926 | |
LCI Industries | 127,461 | 16,032,045 | |
Lear Corp. | 123,775 | 17,693,636 | |
Patrick Industries, Inc. | 32,888 | 2,073,260 | |
Standard Motor Products, Inc. | 41,512 | 1,921,590 | |
The Goodyear Tire & Rubber Co. | 208,800 | 2,175,696 | |
98,965,144 | |||
Automobiles - 0.3% | |||
Harley-Davidson, Inc. | 323,328 | 13,026,885 | |
Spartan Energy Acquisition Corp. (a)(b) | 119,370 | 2,313,391 | |
Thor Industries, Inc. | 105,758 | 10,206,705 | |
25,546,981 | |||
Distributors - 1.1% | |||
LKQ Corp. (a) | 865,016 | 30,465,864 | |
Pool Corp. | 171,819 | 59,468,274 | |
89,934,138 | |||
Diversified Consumer Services - 1.5% | |||
Adtalem Global Education, Inc. (a) | 87,900 | 2,516,577 | |
American Public Education, Inc. (a) | 227,808 | 7,071,160 | |
Bright Horizons Family Solutions, Inc. (a) | 140,407 | 23,884,635 | |
Chegg, Inc. (a) | 163,839 | 12,767,973 | |
Collectors Universe, Inc. | 4,214 | 325,110 | |
Franchise Group, Inc. | 54,718 | 1,465,895 | |
Frontdoor, Inc. (a) | 886,063 | 41,946,222 | |
Grand Canyon Education, Inc. (a) | 80,633 | 6,730,437 | |
Houghton Mifflin Harcourt Co. (a) | 470,513 | 1,416,244 | |
K12, Inc. (a) | 115,500 | 2,694,615 | |
Service Corp. International | 130,266 | 6,336,138 | |
ServiceMaster Global Holdings, Inc. (a) | 25,500 | 1,250,265 | |
Strategic Education, Inc. | 63,939 | 6,003,233 | |
Weight Watchers International, Inc. (a) | 331,434 | 9,780,617 | |
124,189,121 | |||
Hotels, Restaurants & Leisure - 1.3% | |||
Caesars Entertainment, Inc. (a) | 9,000 | 613,080 | |
Carrols Restaurant Group, Inc. (a) | 244,695 | 1,663,926 | |
Churchill Downs, Inc. | 28,380 | 5,106,130 | |
Darden Restaurants, Inc. | 8,400 | 907,032 | |
Dominos Pizza Enterprises Ltd. | 96,817 | 5,260,492 | |
Dunkin' Brands Group, Inc. | 31,040 | 3,300,794 | |
Extended Stay America, Inc. unit | 260,178 | 3,567,040 | |
Great Canadian Gaming Corp. (a) | 405,012 | 12,037,779 | |
Hilton Grand Vacations, Inc. (a) | 209,820 | 5,820,407 | |
International Game Technology PLC | 192,420 | 2,422,568 | |
Papa John's International, Inc. | 58,727 | 4,719,302 | |
Penn National Gaming, Inc. (a) | 60,980 | 4,268,600 | |
Planet Fitness, Inc. (a) | 210,000 | 15,319,500 | |
Playa Hotels & Resorts NV (a) | 1,138,364 | 5,794,273 | |
Ruth's Hospitality Group, Inc. | 96,991 | 1,510,150 | |
Vail Resorts, Inc. | 64,600 | 17,819,264 | |
Wendy's Co. | 565,170 | 12,428,088 | |
Wingstop, Inc. | 17,092 | 2,175,983 | |
Wyndham Destinations, Inc. | 187,236 | 7,875,146 | |
112,609,554 | |||
Household Durables - 1.4% | |||
Cavco Industries, Inc. (a) | 4,987 | 897,710 | |
Helen of Troy Ltd. (a) | 14,610 | 2,951,074 | |
Installed Building Products, Inc. (a) | 94,618 | 9,350,151 | |
KB Home | 174,410 | 6,139,232 | |
La-Z-Boy, Inc. | 149,726 | 5,545,851 | |
LGI Homes, Inc. (a) | 45,229 | 4,886,993 | |
M.D.C. Holdings, Inc. | 135,000 | 6,516,450 | |
Mohawk Industries, Inc. (a) | 34,412 | 4,330,062 | |
New Home Co. LLC (a) | 219,357 | 1,232,786 | |
NVR, Inc. (a) | 1,023 | 4,089,115 | |
PulteGroup, Inc. | 338,174 | 14,754,532 | |
Skyline Champion Corp. (a) | 129,856 | 3,990,475 | |
Sonos, Inc. (a) | 316,629 | 7,041,829 | |
Taylor Morrison Home Corp. (a) | 420,913 | 10,640,681 | |
Tempur Sealy International, Inc. (a) | 637,996 | 16,071,119 | |
Toll Brothers, Inc. | 71,481 | 3,384,625 | |
TopBuild Corp. (a) | 22,720 | 3,958,506 | |
Whirlpool Corp. | 45,800 | 8,913,138 | |
114,694,329 | |||
Internet & Direct Marketing Retail - 0.9% | |||
Amazon.com, Inc. (a) | 3,493 | 11,065,964 | |
Chewy, Inc. (a)(b) | 118,540 | 9,196,333 | |
Etsy, Inc. (a) | 157,344 | 25,285,181 | |
Overstock.com, Inc. (a)(b) | 62,421 | 4,212,793 | |
PetMed Express, Inc. (b) | 11,631 | 357,072 | |
Revolve Group, Inc. (a) | 7,843 | 185,095 | |
Shutterstock, Inc. | 201,224 | 13,836,162 | |
Stamps.com, Inc. (a) | 38,040 | 7,130,978 | |
The RealReal, Inc. (a) | 91,252 | 1,263,840 | |
U.S. Auto Parts Network, Inc. (a)(b) | 249,617 | 3,761,728 | |
Waitr Holdings, Inc. (a) | 525,659 | 1,745,188 | |
78,040,334 | |||
Leisure Products - 0.6% | |||
Brunswick Corp. | 411,670 | 30,727,049 | |
Callaway Golf Co. | 148,817 | 3,162,361 | |
Clarus Corp. | 313,670 | 4,516,848 | |
Hasbro, Inc. | 8,200 | 762,846 | |
Malibu Boats, Inc. Class A (a) | 61,700 | 3,516,283 | |
Polaris, Inc. | 73,195 | 7,026,720 | |
Sturm, Ruger & Co., Inc. | 9,579 | 586,618 | |
50,298,725 | |||
Multiline Retail - 0.2% | |||
Dillard's, Inc. Class A (b) | 46,400 | 2,169,664 | |
Kohl's Corp. | 112,400 | 3,619,280 | |
Ollie's Bargain Outlet Holdings, Inc. (a) | 52,820 | 4,651,329 | |
Target Corp. | 23,272 | 4,178,022 | |
14,618,295 | |||
Specialty Retail - 2.5% | |||
Aaron's Holdings Co., Inc. | 127,197 | 8,004,507 | |
Academy Sports & Outdoors, Inc. (b) | 176,319 | 2,900,448 | |
Advance Auto Parts, Inc. | 39,822 | 5,881,709 | |
America's Car Mart, Inc. (a) | 78,161 | 8,167,825 | |
Asbury Automotive Group, Inc. (a) | 11,150 | 1,257,386 | |
AutoNation, Inc. (a) | 33,257 | 2,038,322 | |
Big 5 Sporting Goods Corp. (b) | 171,031 | 1,629,925 | |
Burlington Stores, Inc. (a) | 4,800 | 1,048,992 | |
Express, Inc. (a) | 132,676 | 201,668 | |
Five Below, Inc. (a) | 38,209 | 5,975,888 | |
Floor & Decor Holdings, Inc. Class A (a) | 76,110 | 6,095,650 | |
Foot Locker, Inc. | 541,149 | 20,238,973 | |
GameStop Corp. Class A (a)(b) | 243,971 | 4,040,160 | |
Gap, Inc. | 360,220 | 7,550,211 | |
Genesco, Inc. (a) | 63,719 | 1,998,865 | |
Group 1 Automotive, Inc. | 43,800 | 5,203,878 | |
Haverty Furniture Companies, Inc. | 104,300 | 2,839,046 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 63,437 | 18,352,324 | |
Michaels Companies, Inc. (a)(b) | 153,366 | 1,516,790 | |
Monro, Inc. | 159,544 | 7,500,163 | |
Murphy U.S.A., Inc. | 15,846 | 2,031,457 | |
National Vision Holdings, Inc. (a) | 152,312 | 6,520,477 | |
Penske Automotive Group, Inc. | 90,200 | 4,967,314 | |
RH (a) | 9,724 | 4,406,528 | |
Sally Beauty Holdings, Inc. (a) | 3,106,132 | 35,720,518 | |
Sonic Automotive, Inc. Class A (sub. vtg.) | 111,800 | 4,514,484 | |
Sportsman's Warehouse Holdings, Inc. (a) | 362,595 | 5,050,948 | |
The Children's Place Retail Stores, Inc. (b) | 41,313 | 1,775,633 | |
The ODP Corp. | 99,500 | 2,852,665 | |
TravelCenters of America LLC (a) | 196,495 | 6,393,947 | |
Vroom, Inc. (b) | 316,439 | 11,347,503 | |
Williams-Sonoma, Inc. | 68,102 | 7,455,126 | |
Winmark Corp. | 1,223 | 220,140 | |
Zumiez, Inc. (a) | 68,303 | 2,533,358 | |
208,232,828 | |||
Textiles, Apparel & Luxury Goods - 1.7% | |||
Capri Holdings Ltd. (a) | 151,281 | 5,352,322 | |
Carter's, Inc. | 158,698 | 14,122,535 | |
Columbia Sportswear Co. | 12,100 | 991,353 | |
Crocs, Inc. (a) | 110,847 | 6,527,780 | |
Deckers Outdoor Corp. (a) | 6,835 | 1,740,123 | |
Hanesbrands, Inc. | 2,136,487 | 30,338,115 | |
Kontoor Brands, Inc. | 148,360 | 6,182,161 | |
Levi Strauss & Co. Class A | 53,200 | 978,348 | |
Oxford Industries, Inc. | 38,662 | 2,156,953 | |
PVH Corp. | 51,600 | 4,101,684 | |
Ralph Lauren Corp. | 93,061 | 7,979,981 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 1,354,414 | 45,332,237 | |
Steven Madden Ltd. | 453,004 | 14,256,036 | |
VF Corp. | 20,244 | 1,688,350 | |
141,747,978 | |||
TOTAL CONSUMER DISCRETIONARY | 1,058,877,427 | ||
CONSUMER STAPLES - 3.6% | |||
Beverages - 0.2% | |||
Boston Beer Co., Inc. Class A (a) | 600 | 558,504 | |
Cott Corp. | 430,547 | 6,471,121 | |
Molson Coors Beverage Co. Class B | 176,900 | 8,137,400 | |
National Beverage Corp. (b) | 6,721 | 658,860 | |
15,825,885 | |||
Food & Staples Retailing - 0.8% | |||
Andersons, Inc. | 100,650 | 2,287,775 | |
BJ's Wholesale Club Holdings, Inc. (a) | 341,530 | 13,999,315 | |
Casey's General Stores, Inc. | 62,710 | 11,393,153 | |
Grocery Outlet Holding Corp. (a) | 105,377 | 4,069,660 | |
Ingles Markets, Inc. Class A | 8,188 | 307,787 | |
Performance Food Group Co. (a) | 447,301 | 19,403,917 | |
SpartanNash Co. | 128,500 | 2,426,080 | |
Sprouts Farmers Market LLC (a) | 78,600 | 1,663,962 | |
U.S. Foods Holding Corp. (a) | 224,700 | 7,073,556 | |
Weis Markets, Inc. | 63,763 | 3,037,032 | |
65,662,237 | |||
Food Products - 1.6% | |||
Beyond Meat, Inc. (a)(b) | 32,110 | 4,492,189 | |
Bunge Ltd. | 85,042 | 5,008,123 | |
Darling Ingredients, Inc. (a) | 115,025 | 5,553,407 | |
Flowers Foods, Inc. | 111,471 | 2,473,541 | |
Fresh Del Monte Produce, Inc. | 125,056 | 3,175,172 | |
Freshpet, Inc. (a) | 105,268 | 14,409,084 | |
Hostess Brands, Inc. Class A (a) | 255,320 | 3,459,586 | |
Ingredion, Inc. | 102,762 | 7,928,088 | |
J&J Snack Foods Corp. | 8,624 | 1,253,843 | |
John B. Sanfilippo & Son, Inc. | 5,156 | 382,627 | |
Lamb Weston Holdings, Inc. | 170,096 | 12,311,548 | |
Lancaster Colony Corp. | 11,446 | 1,938,151 | |
Nomad Foods Ltd.(a) | 1,395,738 | 33,707,073 | |
Pilgrim's Pride Corp. (a) | 238,600 | 4,507,154 | |
Post Holdings, Inc. (a) | 4,802 | 453,597 | |
SunOpta, Inc. (a) | 1,370,833 | 13,941,372 | |
The Hain Celestial Group, Inc. (a) | 232,798 | 8,962,723 | |
The J.M. Smucker Co. | 70,000 | 8,204,000 | |
Tootsie Roll Industries, Inc. (b) | 9,863 | 305,457 | |
132,466,735 | |||
Household Products - 0.5% | |||
Central Garden & Pet Co. Class A (non-vtg.) (a) | 109,100 | 4,024,699 | |
Energizer Holdings, Inc. | 176,178 | 7,380,096 | |
Reynolds Consumer Products, Inc. | 310,960 | 9,434,526 | |
Spectrum Brands Holdings, Inc. | 329,021 | 21,988,473 | |
WD-40 Co. | 7,897 | 2,008,286 | |
44,836,080 | |||
Personal Products - 0.4% | |||
elf Beauty, Inc. (a) | 874,281 | 19,006,869 | |
Herbalife Nutrition Ltd. (a) | 48,186 | 2,308,591 | |
LifeVantage Corp. (a) | 6,604 | 70,201 | |
MediFast, Inc. | 48,707 | 9,943,047 | |
Nu Skin Enterprises, Inc. Class A | 89,975 | 4,634,612 | |
USANA Health Sciences, Inc. (a) | 7,030 | 528,515 | |
36,491,835 | |||
Tobacco - 0.1% | |||
Universal Corp. | 97,147 | 4,421,160 | |
Vector Group Ltd. | 68,868 | 774,076 | |
5,195,236 | |||
TOTAL CONSUMER STAPLES | 300,478,008 | ||
ENERGY - 1.2% | |||
Energy Equipment & Services - 0.2% | |||
Championx Corp. (a) | 496,805 | 5,902,043 | |
Dril-Quip, Inc. (a) | 204,523 | 5,812,544 | |
Halliburton Co. | 241,310 | 4,003,333 | |
Helmerich & Payne, Inc. | 124,939 | 2,844,861 | |
18,562,781 | |||
Oil, Gas & Consumable Fuels - 1.0% | |||
Aemetis, Inc. (a)(b) | 380,369 | 833,008 | |
Arch Resources, Inc. | 21,000 | 702,240 | |
Cabot Oil & Gas Corp. | 32,100 | 562,392 | |
Cenovus Energy, Inc. | 418,120 | 2,073,875 | |
Cimarex Energy Co. | 49,628 | 1,784,127 | |
Comstock Resources, Inc. (a) | 967,766 | 4,713,020 | |
Denbury, Inc. (a) | 76,371 | 1,715,293 | |
Devon Energy Corp. | 237,100 | 3,317,029 | |
Diamondback Energy, Inc. | 146,941 | 5,871,762 | |
Enviva Partners LP | 262,462 | 11,716,304 | |
EQT Corp. | 445,656 | 6,631,361 | |
Goodrich Petroleum Corp. (a) | 27,961 | 323,229 | |
Green Plains, Inc. | 147,605 | 2,181,602 | |
HollyFrontier Corp. | 421,387 | 9,856,242 | |
Magnolia Oil & Gas Corp. Class A (a) | 188,600 | 1,178,750 | |
National Energy Services Reunited Corp. (a) | 56,865 | 497,000 | |
Pacific Ethanol, Inc. (a)(b) | 226,218 | 1,386,716 | |
Renewable Energy Group, Inc. (a) | 5,700 | 331,056 | |
Rex American Resources Corp. (a) | 26,821 | 2,105,449 | |
Southwestern Energy Co. (a) | 1,089,500 | 3,388,345 | |
Tourmaline Oil Corp. | 469,159 | 6,572,918 | |
W&T Offshore, Inc. (a)(b) | 480,500 | 941,780 | |
World Fuel Services Corp. | 428,789 | 12,186,183 | |
80,869,681 | |||
TOTAL ENERGY | 99,432,462 | ||
FINANCIALS - 11.2% | |||
Banks - 3.9% | |||
Associated Banc-Corp. | 285,511 | 4,374,029 | |
Bank of Hawaii Corp. | 21,651 | 1,621,227 | |
Bank OZK | 468,884 | 13,109,997 | |
BankUnited, Inc. | 651,233 | 18,566,653 | |
Cathay General Bancorp | 102,900 | 2,906,925 | |
CIT Group, Inc. | 91,600 | 3,067,684 | |
Citizens Financial Group, Inc. | 271,800 | 8,876,988 | |
Columbia Banking Systems, Inc. | 52,622 | 1,663,381 | |
Comerica, Inc. | 157,335 | 7,740,882 | |
Commerce Bancshares, Inc. | 154,690 | 10,203,352 | |
Cullen/Frost Bankers, Inc. | 128,265 | 10,762,716 | |
East West Bancorp, Inc. | 73,475 | 3,138,852 | |
Fifth Third Bancorp | 461,704 | 11,699,579 | |
First Citizens Bancshares, Inc. | 25,895 | 13,687,838 | |
First Financial Bankshares, Inc. | 66,343 | 2,217,183 | |
First Hawaiian, Inc. | 559,861 | 12,272,153 | |
First Horizon National Corp. | 1,569,193 | 19,175,538 | |
First Merchants Corp. | 84,019 | 2,799,513 | |
Fulton Financial Corp. | 239,600 | 2,951,872 | |
Hancock Whitney Corp. | 82,900 | 2,328,661 | |
Hanmi Financial Corp. | 108,800 | 1,060,800 | |
Hope Bancorp, Inc. | 340,100 | 3,224,148 | |
Huntington Bancshares, Inc. | 834,352 | 10,078,972 | |
KeyCorp | 529,190 | 8,181,277 | |
PacWest Bancorp | 167,100 | 3,886,746 | |
Peoples Bancorp, Inc. | 40,051 | 1,000,474 | |
Preferred Bank, Los Angeles | 7,829 | 287,872 | |
Regions Financial Corp. | 617,381 | 9,427,408 | |
ServisFirst Bancshares, Inc. | 241,478 | 9,123,039 | |
Signature Bank | 103,060 | 11,562,301 | |
South State Corp. | 38,510 | 2,559,760 | |
Sterling Bancorp | 514,798 | 8,226,472 | |
SVB Financial Group (a) | 53,410 | 18,418,973 | |
Synovus Financial Corp. | 460,473 | 14,537,133 | |
TCF Financial Corp. | 153,600 | 5,160,960 | |
Texas Capital Bancshares, Inc. (a) | 151,029 | 8,442,521 | |
Umpqua Holdings Corp. | 674,423 | 9,367,735 | |
United Community Bank, Inc. | 130,200 | 3,113,082 | |
Veritex Holdings, Inc. | 193,100 | 4,188,339 | |
Webster Financial Corp. | 215,815 | 8,166,440 | |
Western Alliance Bancorp. | 244,530 | 12,537,053 | |
Wintrust Financial Corp. | 48,680 | 2,652,573 | |
Zions Bancorp NA | 353,675 | 13,648,318 | |
322,017,419 | |||
Capital Markets - 2.3% | |||
Ares Management Corp. | 113,550 | 5,115,428 | |
Artisan Partners Asset Management, Inc. | 33,292 | 1,498,140 | |
B. Riley Financial, Inc. | 36,623 | 1,323,555 | |
Cohen & Steers, Inc. | 12,717 | 899,982 | |
Diamond Hill Investment Group, Inc. | 1,717 | 234,920 | |
Eaton Vance Corp. (non-vtg.) | 114,729 | 7,684,548 | |
Evercore, Inc. Class A | 100,060 | 9,098,456 | |
FactSet Research Systems, Inc. | 30,277 | 10,105,252 | |
Federated Hermes, Inc. Class B (non-vtg.) | 55,412 | 1,487,258 | |
Focus Financial Partners, Inc. Class A (a) | 422,955 | 16,753,248 | |
FS KKR Capital Corp. (b) | 107,750 | 1,920,105 | |
Hamilton Lane, Inc. Class A | 15,030 | 1,050,296 | |
Houlihan Lokey | 28,550 | 1,849,469 | |
Lazard Ltd. Class A | 376,309 | 14,043,852 | |
LPL Financial | 370,182 | 33,601,420 | |
Moelis & Co. Class A | 405,081 | 15,895,378 | |
Morningstar, Inc. | 61,164 | 12,238,916 | |
Newtek Business Services Corp. (b) | 120,383 | 2,170,505 | |
Oaktree Specialty Lending Corp. | 547,600 | 3,072,036 | |
Open Lending Corp. (a)(b) | 51,552 | 1,449,642 | |
PJT Partners, Inc. | 66,623 | 4,615,641 | |
Prospect Capital Corp. (b) | 499,800 | 2,668,932 | |
SEI Investments Co. | 71,889 | 3,792,145 | |
StepStone Group, Inc. Class A | 221,360 | 6,003,283 | |
Stifel Financial Corp. | 112,300 | 7,782,390 | |
Victory Capital Holdings, Inc. | 647,674 | 13,296,747 | |
WisdomTree Investments, Inc. | 1,861,393 | 7,966,762 | |
187,618,306 | |||
Consumer Finance - 1.0% | |||
Ally Financial, Inc. | 248,315 | 7,362,540 | |
Encore Capital Group, Inc. (a) | 110,899 | 3,786,092 | |
Enova International, Inc. (a) | 388,794 | 8,129,683 | |
First Cash Financial Services, Inc. | 139,891 | 8,986,598 | |
LendingTree, Inc. (a) | 9,400 | 2,402,452 | |
Navient Corp. | 1,814,754 | 17,004,245 | |
OneMain Holdings, Inc. | 281,598 | 10,979,506 | |
PRA Group, Inc. (a) | 89,235 | 3,714,853 | |
Regional Management Corp. | 76,000 | 2,031,480 | |
SLM Corp. | 1,415,080 | 15,013,999 | |
Synchrony Financial | 213,921 | 6,518,173 | |
85,929,621 | |||
Diversified Financial Services - 0.4% | |||
Banco Latinoamericano de Comercio Exterior SA Series E | 75,700 | 1,118,089 | |
Cannae Holdings, Inc. (a) | 49,006 | 1,931,817 | |
Jaws Acquisition Corp. (a) | 1,263,627 | 14,443,257 | |
Triterras, Inc. (a) | 119,096 | 1,418,433 | |
Voya Financial, Inc. | 289,900 | 16,706,937 | |
35,618,533 | |||
Insurance - 2.6% | |||
Alleghany Corp. | 7,495 | 4,311,124 | |
American Financial Group, Inc. | 162,601 | 14,538,155 | |
Amerisafe, Inc. | 11,133 | 609,309 | |
Assurant, Inc. | 39,236 | 5,066,152 | |
Assured Guaranty Ltd. | 316,663 | 9,541,056 | |
Axis Capital Holdings Ltd. | 123,925 | 6,209,882 | |
Brown & Brown, Inc. | 21,900 | 986,157 | |
BRP Group, Inc. (a) | 16,500 | 485,925 | |
Chubb Ltd. | 9,988 | 1,476,526 | |
CNA Financial Corp. | 201,700 | 6,960,667 | |
CNO Financial Group, Inc. | 339,200 | 7,218,176 | |
Crawford & Co. Class B | 124,426 | 908,310 | |
eHealth, Inc. (a) | 31,100 | 2,363,289 | |
Erie Indemnity Co. Class A | 10,695 | 2,412,899 | |
Everest Re Group Ltd. | 82,550 | 18,766,092 | |
First American Financial Corp. | 219,138 | 10,615,045 | |
Globe Life, Inc. | 33,200 | 3,090,920 | |
GoHealth, Inc. (a) | 214,430 | 2,260,092 | |
Goosehead Insurance | 34,708 | 4,272,902 | |
Hanover Insurance Group, Inc. | 84,140 | 9,453,129 | |
Hartford Financial Services Group, Inc. | 53,207 | 2,351,749 | |
Heritage Insurance Holdings, Inc. | 127,900 | 1,322,486 | |
Kinsale Capital Group, Inc. | 88,835 | 21,334,614 | |
Lincoln National Corp. | 164,100 | 7,748,802 | |
National General Holdings Corp. | 169,859 | 5,788,795 | |
Old Republic International Corp. | 367,800 | 6,590,976 | |
Primerica, Inc. | 23,604 | 3,074,893 | |
Reinsurance Group of America, Inc. | 164,095 | 18,916,872 | |
RenaissanceRe Holdings Ltd. | 19,560 | 3,220,358 | |
RLI Corp. | 161,288 | 15,440,100 | |
Selective Insurance Group, Inc. | 82,688 | 5,111,772 | |
Universal Insurance Holdings, Inc. | 101,536 | 1,417,443 | |
Unum Group | 241,300 | 5,364,099 | |
White Mountains Insurance Group Ltd. | 5,167 | 4,960,320 | |
214,189,086 | |||
Mortgage Real Estate Investment Trusts - 0.2% | |||
AGNC Investment Corp. | 247,031 | 3,774,634 | |
Annaly Capital Management, Inc. | 512,600 | 4,100,800 | |
Ares Commercial Real Estate Corp. | 124,608 | 1,388,133 | |
Blackstone Mortgage Trust, Inc. | 97,435 | 2,531,361 | |
Chimera Investment Corp. | 176,100 | 1,806,786 | |
MFA Financial, Inc. | 419,200 | 1,551,040 | |
Redwood Trust, Inc. | 219,495 | 1,898,632 | |
Starwood Property Trust, Inc. | 229,012 | 4,108,475 | |
21,159,861 | |||
Thrifts & Mortgage Finance - 0.8% | |||
Axos Financial, Inc. (a) | 161,309 | 5,403,852 | |
Essent Group Ltd. | 457,707 | 20,075,029 | |
Farmer Mac Class C (non-vtg.) | 51,102 | 3,459,605 | |
HomeStreet, Inc. | 6,500 | 210,275 | |
Meta Financial Group, Inc. | 86,450 | 2,861,495 | |
MGIC Investment Corp. | 580,068 | 6,937,613 | |
NMI Holdings, Inc. (a) | 129,372 | 2,834,541 | |
Pennymac Financial Services, Inc. | 60,070 | 3,462,435 | |
Radian Group, Inc. | 196,700 | 3,713,696 | |
Walker & Dunlop, Inc. | 128,801 | 10,305,368 | |
WMI Holdings Corp. (a) | 188,908 | 5,036,287 | |
64,300,196 | |||
TOTAL FINANCIALS | 930,833,022 | ||
HEALTH CARE - 12.1% | |||
Biotechnology - 2.9% | |||
ACADIA Pharmaceuticals, Inc. (a) | 161,854 | 9,170,648 | |
ADC Therapeutics SA (a)(b) | 48,296 | 1,801,924 | |
Agios Pharmaceuticals, Inc. (a) | 145,050 | 6,718,716 | |
Akebia Therapeutics, Inc. (a) | 210,089 | 695,395 | |
Allakos, Inc. (a) | 43,984 | 4,707,608 | |
Allogene Therapeutics, Inc. (a) | 63,420 | 1,969,191 | |
Applied Genetic Technologies Corp. (a) | 615,511 | 2,732,869 | |
Arena Pharmaceuticals, Inc. (a) | 76,462 | 5,036,552 | |
Ascendis Pharma A/S sponsored ADR (a) | 43,941 | 7,414,165 | |
Aurinia Pharmaceuticals, Inc. (a)(b) | 36,300 | 551,760 | |
Avid Bioservices, Inc. (a) | 558,154 | 5,090,364 | |
BeiGene Ltd. ADR (a) | 5,530 | 1,413,966 | |
Biohaven Pharmaceutical Holding Co. Ltd. (a) | 29,806 | 2,651,244 | |
BioMarin Pharmaceutical, Inc. (a) | 53,745 | 4,229,732 | |
Biospecifics Technologies Corp. (a) | 3,300 | 291,720 | |
Blueprint Medicines Corp. (a) | 48,312 | 5,221,561 | |
Catalyst Pharmaceutical Partners, Inc. (a) | 482,137 | 1,764,621 | |
Coherus BioSciences, Inc. (a) | 131,119 | 2,420,457 | |
ContraFect Corp. (a) | 169,766 | 1,072,921 | |
Deciphera Pharmaceuticals, Inc. (a) | 177,454 | 10,966,657 | |
Emergent BioSolutions, Inc. (a) | 113,722 | 9,317,243 | |
Exact Sciences Corp. (a) | 142,288 | 17,225,385 | |
Fate Therapeutics, Inc. (a) | 80,991 | 4,735,139 | |
Flexion Therapeutics, Inc. (a)(b) | 26,477 | 283,569 | |
Global Blood Therapeutics, Inc. (a) | 84,084 | 3,860,296 | |
Halozyme Therapeutics, Inc. (a) | 525,387 | 20,542,632 | |
Heron Therapeutics, Inc. (a) | 513,932 | 8,906,442 | |
ImmunoGen, Inc. (a) | 116,600 | 635,470 | |
Insmed, Inc. (a) | 73,070 | 2,850,461 | |
Iovance Biotherapeutics, Inc. (a) | 148,448 | 5,761,267 | |
Karyopharm Therapeutics, Inc. (a) | 139,240 | 2,365,688 | |
Kodiak Sciences, Inc. (a) | 85,307 | 11,658,908 | |
Legend Biotech Corp. ADR | 32,641 | 970,417 | |
Ligand Pharmaceuticals, Inc. Class B(a)(b) | 65,050 | 5,488,269 | |
Madrigal Pharmaceuticals, Inc. (a) | 13,029 | 1,521,657 | |
Neurocrine Biosciences, Inc. (a) | 255,128 | 24,221,852 | |
Precision BioSciences, Inc. (a) | 114,053 | 1,422,241 | |
PTC Therapeutics, Inc. (a) | 65,210 | 4,080,190 | |
Puma Biotechnology, Inc. (a) | 50,274 | 565,583 | |
Recro Pharma, Inc. (a) | 356,873 | 852,926 | |
Repligen Corp. (a) | 39,705 | 7,530,847 | |
Sarepta Therapeutics, Inc. (a) | 38,230 | 5,385,078 | |
Springworks Therapeutics, Inc. (a) | 70,543 | 4,616,334 | |
Syros Pharmaceuticals, Inc. (a) | 249,462 | 2,033,115 | |
Turning Point Therapeutics, Inc. (a) | 35,710 | 3,803,115 | |
Ultragenyx Pharmaceutical, Inc. (a) | 31,318 | 3,712,436 | |
United Therapeutics Corp. (a) | 46,200 | 6,127,968 | |
Viking Therapeutics, Inc. (a)(b) | 787,189 | 5,061,625 | |
Vir Biotechnology, Inc. (a)(b) | 82,186 | 2,620,090 | |
244,078,314 | |||
Health Care Equipment & Supplies - 3.3% | |||
Abiomed, Inc. (a) | 27,199 | 7,455,246 | |
Atricure, Inc. (a) | 12,300 | 534,804 | |
Atrion Corp. | 816 | 489,600 | |
AxoGen, Inc. (a) | 1,046,668 | 14,956,886 | |
Axonics Modulation Technologies, Inc. (a)(b) | 15,600 | 684,684 | |
Envista Holdings Corp. (a) | 289,699 | 8,612,751 | |
Globus Medical, Inc. (a) | 43,717 | 2,626,517 | |
Hologic, Inc. (a) | 225,072 | 15,559,227 | |
ICU Medical, Inc. (a) | 44,180 | 8,336,766 | |
IDEXX Laboratories, Inc. (a) | 31,177 | 14,371,973 | |
Inari Medical, Inc. (b) | 51,871 | 3,582,730 | |
Insulet Corp. (a) | 16,555 | 4,266,389 | |
Integra LifeSciences Holdings Corp. (a) | 87,764 | 4,803,324 | |
iRhythm Technologies, Inc. (a) | 26,850 | 6,565,094 | |
Masimo Corp. (a) | 45,906 | 11,682,618 | |
Merit Medical Systems, Inc. (a) | 556,521 | 30,647,611 | |
Neogen Corp. (a) | 30,640 | 2,274,101 | |
Nevro Corp. (a) | 29,147 | 4,699,954 | |
Penumbra, Inc. (a)(b) | 43,313 | 9,611,155 | |
Quidel Corp. (a) | 90,751 | 17,700,983 | |
Semler Scientific, Inc. (a) | 75,149 | 5,448,303 | |
Silk Road Medical, Inc. (a) | 77,133 | 4,419,721 | |
STERIS PLC | 208,966 | 40,499,700 | |
Tandem Diabetes Care, Inc. (a) | 62,600 | 5,876,888 | |
Teleflex, Inc. | 30,819 | 11,795,972 | |
The Cooper Companies, Inc. | 35,544 | 11,915,060 | |
West Pharmaceutical Services, Inc. | 81,861 | 22,524,873 | |
271,942,930 | |||
Health Care Providers & Services - 2.7% | |||
Amedisys, Inc. (a) | 24,860 | 6,085,479 | |
AMN Healthcare Services, Inc. (a) | 164,523 | 10,720,319 | |
BioTelemetry, Inc. (a) | 487,535 | 27,014,314 | |
Centene Corp. (a) | 170,725 | 10,525,196 | |
Chemed Corp. | 30,706 | 14,685,145 | |
Corvel Corp. (a) | 5,078 | 454,735 | |
DaVita HealthCare Partners, Inc. (a) | 63,300 | 6,953,505 | |
Encompass Health Corp. | 267,738 | 21,574,328 | |
Five Star Senior Living, Inc. (a) | 66,281 | 391,058 | |
Guardant Health, Inc. (a) | 63,619 | 7,705,533 | |
HealthEquity, Inc. (a) | 286,810 | 20,561,409 | |
LHC Group, Inc. (a) | 46,760 | 9,179,923 | |
MEDNAX, Inc. (a) | 583,634 | 11,795,243 | |
Molina Healthcare, Inc. (a) | 151,255 | 30,875,683 | |
National Healthcare Corp. | 6,643 | 413,327 | |
National Research Corp. Class A | 6,972 | 357,733 | |
Ontrak, Inc. (a)(b) | 91,856 | 4,560,650 | |
Owens & Minor, Inc. | 103,400 | 2,663,584 | |
Premier, Inc. | 481,516 | 17,055,297 | |
Progyny, Inc. (a) | 2,600 | 92,274 | |
Quest Diagnostics, Inc. | 37,500 | 4,649,250 | |
R1 RCM, Inc. (a) | 197,019 | 3,995,545 | |
Select Medical Holdings Corp. (a) | 297,200 | 7,162,520 | |
U.S. Physical Therapy, Inc. | 7,439 | 790,171 | |
Universal Health Services, Inc. Class B | 59,264 | 7,738,693 | |
228,000,914 | |||
Health Care Technology - 0.5% | |||
American Well Corp. (b) | 110,335 | 2,928,291 | |
Change Healthcare, Inc. (a) | 1,120,991 | 19,202,576 | |
iCAD, Inc. (a) | 411,040 | 4,118,621 | |
Omnicell, Inc. (a) | 97,776 | 10,251,814 | |
Phreesia, Inc. (a) | 28,600 | 1,262,976 | |
Simulations Plus, Inc. | 7,027 | 393,301 | |
38,157,579 | |||
Life Sciences Tools & Services - 1.4% | |||
10X Genomics, Inc. (a) | 41,169 | 6,303,386 | |
Avantor, Inc. (a) | 281,794 | 7,687,340 | |
Berkeley Lights, Inc. (a) | 17,563 | 1,455,270 | |
Bio-Rad Laboratories, Inc. Class A (a) | 5,323 | 2,866,436 | |
Bio-Techne Corp. | 22,107 | 6,705,274 | |
Bruker Corp. | 68,056 | 3,444,314 | |
Charles River Laboratories International, Inc. (a) | 25,660 | 6,017,783 | |
Harvard Bioscience, Inc. (a) | 773,390 | 3,031,689 | |
ICON PLC (a) | 90,121 | 17,562,780 | |
Medpace Holdings, Inc. (a) | 15,533 | 1,993,816 | |
PPD, Inc. | 117,561 | 4,114,635 | |
PRA Health Sciences, Inc. (a) | 7,300 | 819,060 | |
Sotera Health Co. | 580,901 | 15,719,181 | |
Syneos Health, Inc. (a) | 591,960 | 38,974,646 | |
116,695,610 | |||
Pharmaceuticals - 1.3% | |||
Aerie Pharmaceuticals, Inc. (a)(b) | 161,670 | 2,006,325 | |
Catalent, Inc. (a) | 191,278 | 18,389,467 | |
GW Pharmaceuticals PLC ADR (a)(b) | 54,680 | 7,659,574 | |
Horizon Therapeutics PLC (a) | 237,100 | 16,698,953 | |
Innoviva, Inc. (a) | 267,362 | 2,795,270 | |
Jazz Pharmaceuticals PLC (a) | 111,645 | 15,709,568 | |
Lannett Co., Inc. (a) | 177,600 | 1,094,016 | |
Nektar Therapeutics (a) | 119,174 | 1,953,262 | |
Pacira Biosciences, Inc. (a) | 81,298 | 4,925,846 | |
Prestige Brands Holdings, Inc. (a) | 86,022 | 3,059,803 | |
Reata Pharmaceuticals, Inc. (a) | 28,470 | 4,348,793 | |
Revance Therapeutics, Inc. (a) | 546,093 | 13,182,685 | |
Royalty Pharma PLC | 223,360 | 9,515,136 | |
Supernus Pharmaceuticals, Inc. (a) | 140,256 | 2,987,453 | |
Zogenix, Inc. (a) | 77,667 | 1,664,404 | |
105,990,555 | |||
TOTAL HEALTH CARE | 1,004,865,902 | ||
INDUSTRIALS - 16.3% | |||
Aerospace & Defense - 0.6% | |||
AAR Corp. | 192,309 | 5,455,806 | |
Axon Enterprise, Inc. (a) | 50,148 | 6,303,102 | |
BWX Technologies, Inc. | 77,267 | 4,394,947 | |
Curtiss-Wright Corp. | 46,223 | 5,327,663 | |
HEICO Corp. Class A | 9,600 | 1,063,200 | |
Howmet Aerospace, Inc. | 152,281 | 3,572,512 | |
Huntington Ingalls Industries, Inc. | 39,800 | 6,375,562 | |
Mercury Systems, Inc. (a) | 110,690 | 7,883,342 | |
Moog, Inc. Class A | 52,400 | 4,053,664 | |
Textron, Inc. | 192,367 | 8,675,752 | |
53,105,550 | |||
Air Freight & Logistics - 0.8% | |||
Air Transport Services Group, Inc. (a) | 30,200 | 928,348 | |
Atlas Air Worldwide Holdings, Inc. (a) | 91,000 | 5,078,710 | |
C.H. Robinson Worldwide, Inc. | 185,125 | 17,396,196 | |
Forward Air Corp. | 177,537 | 12,972,629 | |
XPO Logistics, Inc. (a) | 275,250 | 29,363,670 | |
65,739,553 | |||
Airlines - 0.4% | |||
Air Canada (a) | 124,084 | 2,364,421 | |
Alaska Air Group, Inc. | 173,207 | 8,828,361 | |
JetBlue Airways Corp. (a) | 390,200 | 5,888,118 | |
SkyWest, Inc. | 327,139 | 14,044,077 | |
31,124,977 | |||
Building Products - 1.2% | |||
A.O. Smith Corp. | 78,165 | 4,401,471 | |
AAON, Inc. | 23,450 | 1,527,299 | |
Advanced Drain Systems, Inc. | 139,750 | 9,747,563 | |
Apogee Enterprises, Inc. | 76,492 | 2,007,150 | |
Armstrong World Industries, Inc. | 86,739 | 6,684,107 | |
Caesarstone Sdot-Yam Ltd. | 107,547 | 1,284,111 | |
CSW Industrials, Inc. | 8,261 | 886,323 | |
Fortune Brands Home & Security, Inc. | 143,425 | 11,975,988 | |
Gibraltar Industries, Inc. (a) | 54,488 | 3,566,784 | |
Griffon Corp. | 165,424 | 3,449,090 | |
Lennox International, Inc. | 41,255 | 11,874,427 | |
Masonite International Corp. (a) | 160,972 | 16,105,249 | |
Owens Corning | 130,280 | 9,493,504 | |
Simpson Manufacturing Co. Ltd. | 22,904 | 2,104,878 | |
Trex Co., Inc. (a) | 149,262 | 11,167,783 | |
96,275,727 | |||
Commercial Services & Supplies - 2.9% | |||
ABM Industries, Inc. | 862,832 | 33,219,032 | |
ACCO Brands Corp. | 490,663 | 3,758,479 | |
Charah Solutions, Inc. (a)(b) | 1,275,976 | 3,623,772 | |
Cimpress PLC (a)(b) | 116,986 | 10,485,455 | |
Clean Harbors, Inc. (a) | 233,927 | 16,929,297 | |
Copart, Inc. (a) | 29,341 | 3,387,418 | |
Covanta Holding Corp. | 158,697 | 1,967,843 | |
Deluxe Corp. | 73,600 | 1,894,464 | |
Harsco Corp. (a) | 217,338 | 3,683,879 | |
Healthcare Services Group, Inc. | 478,139 | 11,317,550 | |
Herman Miller, Inc. | 330,420 | 11,776,169 | |
IAA Spinco, Inc. (a) | 411,955 | 24,684,344 | |
KAR Auction Services, Inc. | 396,608 | 7,158,774 | |
Marlowe PLC (a) | 1,110,000 | 8,458,087 | |
MSA Safety, Inc. | 138,240 | 20,658,586 | |
Pitney Bowes, Inc. | 367,000 | 2,091,900 | |
Ritchie Bros. Auctioneers, Inc. | 436,970 | 31,378,816 | |
Steelcase, Inc. Class A | 279,500 | 3,395,925 | |
Stericycle, Inc. (a) | 89,350 | 6,293,814 | |
The Brink's Co. | 185,063 | 12,417,727 | |
UniFirst Corp. | 8,809 | 1,628,608 | |
Waste Connection, Inc. (United States) | 189,824 | 19,737,900 | |
239,947,839 | |||
Construction & Engineering - 0.6% | |||
AECOM (a) | 277,199 | 14,383,856 | |
Aegion Corp. (a) | 155,236 | 2,662,297 | |
EMCOR Group, Inc. | 26,397 | 2,274,893 | |
Jacobs Engineering Group, Inc. | 33,770 | 3,641,757 | |
MasTec, Inc. (a) | 129,465 | 7,341,960 | |
Quanta Services, Inc. | 91,264 | 6,236,982 | |
Willscot Mobile Mini Holdings (a) | 524,573 | 11,283,565 | |
47,825,310 | |||
Electrical Equipment - 1.6% | |||
Acuity Brands, Inc. | 55,698 | 6,612,467 | |
American Superconductor Corp. (a) | 99,733 | 1,982,692 | |
AMETEK, Inc. | 32,222 | 3,819,274 | |
Atkore International Group, Inc. (a) | 141,100 | 5,500,078 | |
EnerSys | 162,560 | 13,299,034 | |
Generac Holdings, Inc. (a) | 196,948 | 42,461,989 | |
Hubbell, Inc. Class B | 29,692 | 4,797,930 | |
nVent Electric PLC | 88,481 | 2,035,063 | |
Plug Power, Inc. (a) | 199,345 | 5,260,715 | |
Regal Beloit Corp. | 141,778 | 16,877,253 | |
Sensata Technologies, Inc. PLC (a) | 589,622 | 28,791,242 | |
TPI Composites, Inc. (a) | 94,196 | 3,789,505 | |
135,227,242 | |||
Industrial Conglomerates - 0.0% | |||
Carlisle Companies, Inc. | 9,400 | 1,361,402 | |
Machinery - 4.0% | |||
AGCO Corp. | 81,300 | 7,521,063 | |
Allison Transmission Holdings, Inc. | 168,400 | 6,912,820 | |
Barnes Group, Inc. | 27,415 | 1,261,364 | |
Colfax Corp. (a) | 33,000 | 1,190,640 | |
Commercial Vehicle Group, Inc. (a) | 577,246 | 4,104,219 | |
Crane Co. | 78,541 | 5,460,956 | |
Donaldson Co., Inc. | 72,973 | 3,885,083 | |
Douglas Dynamics, Inc. | 130,927 | 5,121,864 | |
Flowserve Corp. | 15,600 | 531,648 | |
Gorman-Rupp Co. | 10,082 | 331,698 | |
Graco, Inc. | 90,255 | 6,113,874 | |
Helios Technologies, Inc. | 131,326 | 6,465,179 | |
Hillenbrand, Inc. | 268,541 | 10,062,231 | |
IDEX Corp. | 127,831 | 24,690,558 | |
Ingersoll Rand, Inc. (a) | 103,832 | 4,596,643 | |
ITT, Inc. | 64,861 | 4,710,854 | |
John Bean Technologies Corp. | 105,986 | 11,717,812 | |
Kennametal, Inc. | 408,830 | 14,304,962 | |
Lincoln Electric Holdings, Inc. | 164,100 | 18,871,500 | |
Meritor, Inc. (a) | 219,680 | 5,799,552 | |
Middleby Corp. (a) | 166,634 | 22,660,558 | |
Mueller Industries, Inc. | 32,829 | 1,075,478 | |
Nordson Corp. | 124,475 | 25,369,250 | |
Omega Flex, Inc. | 1,688 | 239,223 | |
Oshkosh Corp. | 204,511 | 16,463,136 | |
Pentair PLC | 126,210 | 6,540,202 | |
Proto Labs, Inc. (a) | 14,668 | 2,026,531 | |
RBC Bearings, Inc. (a) | 85,428 | 14,423,664 | |
Rexnord Corp. | 65,456 | 2,455,255 | |
Snap-On, Inc. | 129,499 | 22,772,399 | |
Tennant Co. | 194,844 | 13,085,723 | |
Terex Corp. | 101,645 | 3,150,995 | |
The Shyft Group, Inc. | 122,743 | 3,182,726 | |
Timken Co. | 98,800 | 7,255,872 | |
Toro Co. | 274,584 | 24,907,515 | |
Woodward, Inc. | 197,098 | 22,041,469 | |
331,304,516 | |||
Marine - 0.6% | |||
Costamare, Inc. | 623,203 | 4,474,598 | |
Kirby Corp. (a) | 283,104 | 14,325,062 | |
Matson, Inc. | 594,820 | 34,576,887 | |
53,376,547 | |||
Professional Services - 1.4% | |||
Acacia Research Corp. (a) | 2,396,697 | 8,843,812 | |
ASGN, Inc. (a) | 124,547 | 9,737,084 | |
Barrett Business Services, Inc. | 4,331 | 288,921 | |
CoreLogic, Inc. | 120,632 | 9,348,980 | |
CoStar Group, Inc. (a) | 9,518 | 8,666,805 | |
Exponent, Inc. | 29,841 | 2,477,101 | |
FTI Consulting, Inc. (a) | 117,842 | 12,375,767 | |
Kforce, Inc. | 11,000 | 451,550 | |
Korn Ferry | 55,186 | 2,209,647 | |
Manpower, Inc. | 93,696 | 8,118,758 | |
Robert Half International, Inc. | 213,456 | 13,699,606 | |
TransUnion Holding Co., Inc. | 132,650 | 12,083,089 | |
TriNet Group, Inc. (a) | 357,122 | 26,784,150 | |
115,085,270 | |||
Road & Rail - 0.7% | |||
Daseke, Inc. (a) | 852,492 | 5,754,321 | |
Heartland Express, Inc. | 257,936 | 4,766,657 | |
HyreCar, Inc. (a) | 300,309 | 2,129,191 | |
Kansas City Southern | 22,330 | 4,157,176 | |
Knight-Swift Transportation Holdings, Inc. Class A | 473,300 | 19,542,557 | |
Landstar System, Inc. | 120,752 | 15,869,228 | |
Schneider National, Inc. Class B | 48,200 | 1,007,380 | |
YRC Worldwide, Inc. (a)(b) | 1,114,179 | 6,696,216 | |
59,922,726 | |||
Trading Companies & Distributors - 1.5% | |||
Air Lease Corp. Class A | 33,300 | 1,217,781 | |
Alta Equipment Group, Inc. (a) | 521,072 | 4,720,912 | |
BlueLinx Corp. (a) | 88,958 | 2,321,804 | |
BMC Stock Holdings, Inc. (a) | 82,462 | 4,035,690 | |
CAI International, Inc. | 225,334 | 7,131,821 | |
EVI Industries, Inc. (a)(b) | 83,160 | 2,814,134 | |
GATX Corp. | 109,340 | 8,720,958 | |
H&E Equipment Services, Inc. | 125,011 | 3,360,296 | |
HD Supply Holdings, Inc. (a) | 174,430 | 9,729,705 | |
MRC Global, Inc. (a) | 742,678 | 4,292,679 | |
MSC Industrial Direct Co., Inc. Class A | 49,913 | 4,158,751 | |
SiteOne Landscape Supply, Inc. (a) | 100,891 | 13,933,047 | |
Transcat, Inc. (a) | 273,236 | 8,661,581 | |
Triton International Ltd. | 275,368 | 12,463,156 | |
United Rentals, Inc. (a) | 94,133 | 21,366,308 | |
Watsco, Inc. | 18,949 | 4,308,245 | |
WESCO International, Inc. (a) | 177,673 | 11,587,833 | |
124,824,701 | |||
TOTAL INDUSTRIALS | 1,355,121,360 | ||
INFORMATION TECHNOLOGY - 17.6% | |||
Communications Equipment - 0.4% | |||
Ciena Corp. (a) | 104,600 | 4,686,080 | |
CommScope Holding Co., Inc. (a) | 184,632 | 2,187,889 | |
Dzs, Inc. (a) | 190,219 | 2,448,119 | |
F5 Networks, Inc. (a) | 35,000 | 5,698,350 | |
InterDigital, Inc. | 78,738 | 4,717,194 | |
Juniper Networks, Inc. | 210,300 | 4,578,231 | |
NetScout Systems, Inc. (a) | 146,946 | 3,441,475 | |
Radware Ltd. (a) | 133,341 | 3,361,527 | |
Viavi Solutions, Inc. (a) | 393,820 | 5,334,292 | |
36,453,157 | |||
Electronic Equipment & Components - 2.5% | |||
Arrow Electronics, Inc. (a) | 190,831 | 17,489,661 | |
Avnet, Inc. | 26,200 | 795,170 | |
Badger Meter, Inc. | 16,827 | 1,387,218 | |
Belden, Inc. | 970,783 | 37,355,730 | |
Cognex Corp. | 335,213 | 25,187,905 | |
Coherent, Inc. (a) | 23,079 | 2,810,561 | |
Dolby Laboratories, Inc. Class A | 94,545 | 8,362,505 | |
ePlus, Inc. (a) | 7,786 | 656,438 | |
Flextronics International Ltd. (a) | 217,784 | 3,534,634 | |
FLIR Systems, Inc. | 75,728 | 2,895,839 | |
Identiv, Inc. (a) | 397,207 | 2,736,756 | |
Insight Enterprises, Inc. (a) | 91,839 | 6,564,652 | |
IPG Photonics Corp. (a) | 39,433 | 8,163,025 | |
Jabil, Inc. | 170,200 | 6,505,044 | |
Littelfuse, Inc. | 22,886 | 5,504,770 | |
National Instruments Corp. | 67,912 | 2,541,946 | |
Novanta, Inc. (a) | 39,216 | 4,705,136 | |
OSI Systems, Inc. (a) | 600 | 52,860 | |
Par Technology Corp. (a)(b) | 101,536 | 5,480,913 | |
PC Connection, Inc. | 6,324 | 288,691 | |
Powerfleet, Inc. (a) | 842,663 | 5,797,521 | |
Rogers Corp. (a) | 10,753 | 1,579,723 | |
Sanmina Corp. (a) | 163,100 | 5,189,027 | |
ScanSource, Inc. (a) | 86,318 | 2,166,582 | |
SYNNEX Corp. | 125,015 | 20,041,155 | |
Trimble, Inc. (a) | 247,845 | 14,838,480 | |
TTM Technologies, Inc. (a) | 236,200 | 3,084,772 | |
Vishay Intertechnology, Inc. | 559,585 | 10,833,566 | |
206,550,280 | |||
IT Services - 3.5% | |||
Amdocs Ltd. | 268,557 | 17,673,736 | |
Black Knight, Inc. (a) | 200,941 | 18,410,214 | |
Booz Allen Hamilton Holding Corp. Class A | 33,434 | 2,901,737 | |
Broadridge Financial Solutions, Inc. | 93,150 | 13,681,872 | |
CACI International, Inc. Class A (a) | 3,400 | 806,786 | |
Cardtronics PLC (a) | 206,637 | 5,017,146 | |
Cass Information Systems, Inc. | 6,904 | 292,937 | |
Computer Services, Inc. | 189,379 | 10,699,914 | |
CSG Systems International, Inc. | 19,137 | 830,163 | |
DXC Technology Co. | 82,824 | 1,814,674 | |
Equiniti Group PLC (c) | 2,708,051 | 3,940,980 | |
Euronet Worldwide, Inc. (a) | 252,539 | 33,951,343 | |
EVERTEC, Inc. | 151,539 | 5,632,705 | |
Gartner, Inc. (a) | 99,300 | 15,093,600 | |
Genpact Ltd. | 133,880 | 5,442,222 | |
GoDaddy, Inc. (a) | 82,015 | 6,523,473 | |
Hackett Group, Inc. | 15,560 | 219,085 | |
Jack Henry & Associates, Inc. | 53,807 | 8,655,394 | |
Maximus, Inc. | 112,786 | 8,099,163 | |
MoneyGram International, Inc. (a)(b) | 975,099 | 6,611,171 | |
MongoDB, Inc. Class A (a) | 29,280 | 8,412,437 | |
NIC, Inc. | 38,735 | 907,755 | |
Perficient, Inc. (a) | 18,909 | 860,927 | |
PFSweb, Inc. (a) | 548,774 | 3,726,175 | |
Rackspace Technology, Inc. (a)(b) | 197,150 | 3,540,814 | |
Science Applications International Corp. | 106,437 | 9,849,680 | |
Switch, Inc. Class A | 273,744 | 4,322,418 | |
Sykes Enterprises, Inc. (a) | 90,354 | 3,400,021 | |
The Western Union Co. | 154,700 | 3,490,032 | |
Ttec Holdings, Inc. | 76,036 | 5,144,596 | |
Unisys Corp. (a) | 2,026,485 | 29,546,151 | |
WEX, Inc. (a) | 93,071 | 16,123,620 | |
Wix.com Ltd. (a) | 79,791 | 20,381,015 | |
WNS Holdings Ltd. sponsored ADR (a) | 165,078 | 11,623,142 | |
287,627,098 | |||
Semiconductors & Semiconductor Equipment - 3.2% | |||
Ambarella, Inc. (a) | 82,894 | 6,476,508 | |
Amkor Technology, Inc. | 453,551 | 6,685,342 | |
Array Technologies, Inc. | 75,307 | 3,432,493 | |
AXT, Inc. (a) | 546,485 | 5,328,229 | |
Cirrus Logic, Inc. (a) | 7,100 | 568,710 | |
CMC Materials, Inc. | 112,019 | 17,282,291 | |
Cree, Inc. (a) | 53,322 | 4,819,776 | |
Diodes, Inc. (a) | 61,600 | 4,186,336 | |
Enphase Energy, Inc. (a) | 32,290 | 4,409,845 | |
Entegris, Inc. | 179,302 | 16,606,951 | |
First Solar, Inc. (a) | 40,538 | 3,787,465 | |
Impinj, Inc. (a) | 91,205 | 3,811,457 | |
Inphi Corp. (a) | 18,870 | 2,927,303 | |
Kulicke & Soffa Industries, Inc. | 234,016 | 7,125,787 | |
Lattice Semiconductor Corp. (a) | 311,606 | 13,040,711 | |
MACOM Technology Solutions Holdings, Inc. (a) | 45,605 | 2,037,631 | |
Maxim Integrated Products, Inc. | 100,160 | 8,317,286 | |
MaxLinear, Inc. Class A (a) | 223,310 | 6,978,438 | |
MKS Instruments, Inc. | 98,579 | 13,601,930 | |
Monolithic Power Systems, Inc. | 85,401 | 27,324,904 | |
NVE Corp. | 2,789 | 142,769 | |
ON Semiconductor Corp. (a) | 1,839,622 | 52,889,133 | |
Power Integrations, Inc. | 34,552 | 2,466,667 | |
Qorvo, Inc. (a) | 63,641 | 9,971,272 | |
Semtech Corp. (a) | 225,034 | 15,183,044 | |
Silicon Laboratories, Inc. (a) | 23,845 | 2,794,872 | |
SolarEdge Technologies, Inc. (a) | 28,705 | 7,979,416 | |
Ultra Clean Holdings, Inc. (a) | 137,056 | 4,336,452 | |
Universal Display Corp. | 61,094 | 13,992,970 | |
268,505,988 | |||
Software - 7.5% | |||
2U, Inc. (a) | 866,191 | 27,986,631 | |
8x8, Inc. (a) | 317,896 | 6,284,804 | |
ACI Worldwide, Inc. (a) | 513,412 | 16,726,963 | |
Anaplan, Inc. (a) | 92,726 | 6,489,893 | |
ANSYS, Inc. (a) | 12,594 | 4,257,528 | |
Aspen Technology, Inc. (a) | 98,467 | 13,238,888 | |
Avalara, Inc. (a) | 44,833 | 7,700,068 | |
Avaya Holdings Corp. (a) | 128,300 | 2,387,663 | |
Blackbaud, Inc. | 13,700 | 754,733 | |
CDK Global, Inc. | 385,599 | 18,470,192 | |
Ceridian HCM Holding, Inc. (a) | 12,100 | 1,166,682 | |
ChannelAdvisor Corp. (a) | 253,846 | 3,744,229 | |
Cloudera, Inc. (a) | 465,959 | 5,442,401 | |
CommVault Systems, Inc. (a) | 170,280 | 8,132,573 | |
Cornerstone OnDemand, Inc. (a) | 94,652 | 4,178,886 | |
Coupa Software, Inc. (a) | 40,540 | 13,334,011 | |
Crowdstrike Holdings, Inc. (a) | 15,740 | 2,412,627 | |
Datadog, Inc. Class A (a) | 39,210 | 3,878,653 | |
DocuSign, Inc. (a) | 20,740 | 4,726,231 | |
Domo, Inc. Class B (a) | 180,058 | 6,840,403 | |
Dynatrace, Inc. (a) | 248,990 | 9,466,600 | |
Ebix, Inc. (b) | 70,278 | 2,390,155 | |
Elastic NV (a) | 6,200 | 767,560 | |
Enghouse Systems Ltd. | 141,790 | 7,313,862 | |
Everbridge, Inc. (a) | 4,484 | 569,199 | |
Fair Isaac Corp. (a) | 32,730 | 15,474,089 | |
FireEye, Inc. (a) | 706,441 | 10,617,808 | |
Five9, Inc. (a) | 52,060 | 8,079,712 | |
Guidewire Software, Inc. (a) | 98,098 | 12,015,043 | |
HubSpot, Inc. (a) | 24,287 | 9,577,093 | |
j2 Global, Inc. (a) | 915,509 | 82,038,761 | |
LivePerson, Inc. (a) | 67,918 | 3,967,770 | |
Manhattan Associates, Inc. (a) | 103,574 | 10,589,406 | |
Microsoft Corp. | 18,663 | 3,995,188 | |
New Relic, Inc. (a) | 182,063 | 10,874,623 | |
Nortonlifelock, Inc. | 27,000 | 492,210 | |
Nuance Communications, Inc. (a) | 479,732 | 20,690,841 | |
Parametric Technology Corp. (a) | 218,008 | 23,512,163 | |
Paylocity Holding Corp. (a) | 20,807 | 4,090,656 | |
Pluralsight, Inc. (a) | 1,410,629 | 23,106,103 | |
Proofpoint, Inc. (a) | 172,866 | 17,889,902 | |
Q2 Holdings, Inc. (a) | 128,981 | 14,622,576 | |
Qualys, Inc. (a) | 75,790 | 7,200,808 | |
Rapid7, Inc. (a) | 13,155 | 985,836 | |
RealPage, Inc. (a) | 213,448 | 14,725,778 | |
RingCentral, Inc. (a) | 64,590 | 19,186,460 | |
Smartsheet, Inc. (a) | 81,224 | 4,713,429 | |
SolarWinds, Inc. (a) | 1,508,767 | 34,520,589 | |
Sprout Social, Inc. (a) | 66,598 | 3,421,805 | |
SS&C Technologies Holdings, Inc. | 423,787 | 29,194,686 | |
Sumo Logic, Inc. (b) | 131,009 | 3,432,436 | |
Telos Corp. | 53,692 | 1,077,598 | |
Tenable Holdings, Inc. (a) | 16,000 | 576,160 | |
The Trade Desk, Inc. (a) | 12,234 | 11,023,690 | |
Tyler Technologies, Inc. (a) | 30,320 | 12,964,832 | |
Upland Software, Inc. (a) | 114,667 | 5,246,015 | |
Workiva, Inc. (a) | 7,900 | 592,421 | |
Zendesk, Inc. (a) | 121,360 | 16,201,560 | |
Zoom Video Communications, Inc. Class A (a) | 16,475 | 7,880,981 | |
623,240,463 | |||
Technology Hardware, Storage & Peripherals - 0.5% | |||
Avid Technology, Inc. (a) | 218,365 | 2,653,135 | |
Immersion Corp. (a) | 251,985 | 2,156,992 | |
NCR Corp. (a) | 645,281 | 17,854,925 | |
Quantum Corp. (a) | 92,812 | 531,813 | |
Seagate Technology LLC | 118,000 | 6,939,580 | |
Western Digital Corp. | 59,480 | 2,669,462 | |
Xerox Holdings Corp. | 270,006 | 5,910,431 | |
38,716,338 | |||
TOTAL INFORMATION TECHNOLOGY | 1,461,093,324 | ||
MATERIALS - 3.8% | |||
Chemicals - 1.5% | |||
Axalta Coating Systems Ltd. (a) | 314,656 | 9,002,308 | |
Balchem Corp. | 25,271 | 2,620,350 | |
Cabot Corp. | 95,800 | 3,967,078 | |
Celanese Corp. Class A | 63,300 | 8,186,589 | |
Chase Corp. | 4,196 | 444,566 | |
Eastman Chemical Co. | 94,500 | 9,204,300 | |
FMC Corp. | 74,394 | 8,630,448 | |
GCP Applied Technologies, Inc. (a) | 162,037 | 3,806,249 | |
Huntsman Corp. | 355,756 | 8,812,076 | |
Ingevity Corp. (a) | 179,272 | 11,935,930 | |
Innospec, Inc. | 51,081 | 4,203,455 | |
Minerals Technologies, Inc. | 51,767 | 3,140,704 | |
NewMarket Corp. | 4,172 | 1,542,639 | |
Olin Corp. | 42,214 | 924,064 | |
Orion Engineered Carbons SA | 413,046 | 6,426,996 | |
PolyOne Corp. | 52,809 | 1,930,169 | |
PQ Group Holdings, Inc. (a) | 259,491 | 3,318,890 | |
Sensient Technologies Corp. | 24,474 | 1,755,275 | |
Stepan Co. | 11,558 | 1,342,577 | |
The Chemours Co. LLC | 183,400 | 4,462,122 | |
The Mosaic Co. | 239,488 | 5,259,156 | |
Trinseo SA | 237,131 | 9,008,607 | |
Valvoline, Inc. | 411,594 | 9,380,227 | |
Westlake Chemical Corp. | 79,402 | 5,967,060 | |
125,271,835 | |||
Construction Materials - 0.0% | |||
Summit Materials, Inc. (a) | 60,213 | 1,144,047 | |
Containers & Packaging - 1.7% | |||
Aptargroup, Inc. | 180,558 | 22,808,087 | |
Berry Global Group, Inc. (a) | 99,600 | 5,278,800 | |
CCL Industries, Inc. Class B | 387,923 | 17,103,620 | |
Crown Holdings, Inc. (a) | 145,855 | 13,746,834 | |
Graphic Packaging Holding Co. | 1,638,801 | 25,106,431 | |
Greif, Inc. Class A | 139,208 | 6,766,901 | |
O-I Glass, Inc. | 222,299 | 2,516,425 | |
Packaging Corp. of America | 54,867 | 7,132,710 | |
Pactiv Evergreen, Inc. | 214,000 | 3,612,320 | |
Ranpak Holdings Corp. (A Shares) (a) | 1,017,724 | 11,510,458 | |
Sealed Air Corp. | 179,289 | 8,078,762 | |
Silgan Holdings, Inc. | 35,100 | 1,186,380 | |
Sonoco Products Co. | 58,078 | 3,372,009 | |
WestRock Co. | 223,004 | 9,412,999 | |
137,632,736 | |||
Metals & Mining - 0.5% | |||
Arconic Rolled Products Corp. (a) | 36,530 | 1,004,940 | |
Carpenter Technology Corp. | 157,867 | 3,858,269 | |
Coeur d'Alene Mines Corp. (a) | 325,545 | 2,308,114 | |
Commercial Metals Co. | 35,300 | 702,823 | |
Ferroglobe Representation & Warranty Insurance (a)(d) | 495,885 | 5 | |
Reliance Steel & Aluminum Co. | 175,199 | 20,638,442 | |
Royal Gold, Inc. | 3,900 | 430,833 | |
Steel Dynamics, Inc. | 222,018 | 8,039,272 | |
Worthington Industries, Inc. | 21,194 | 1,096,154 | |
38,078,852 | |||
Paper & Forest Products - 0.1% | |||
Domtar Corp. | 79,600 | 2,395,960 | |
Mercer International, Inc. (SBI) | 482,579 | 3,952,322 | |
Neenah, Inc. | 9,684 | 469,771 | |
Schweitzer-Mauduit International, Inc. | 170,337 | 5,924,321 | |
12,742,374 | |||
TOTAL MATERIALS | 314,869,844 | ||
REAL ESTATE - 2.7% | |||
Equity Real Estate Investment Trusts (REITs) - 2.5% | |||
American Campus Communities, Inc. | 339,326 | 13,505,175 | |
Americold Realty Trust | 61,530 | 2,100,019 | |
Apartment Investment & Management Co. Class A | 29,185 | 885,765 | |
Brandywine Realty Trust (SBI) | 338,200 | 3,764,166 | |
Brixmor Property Group, Inc. | 313,300 | 4,784,091 | |
Camden Property Trust (SBI) | 84,623 | 8,363,291 | |
City Office REIT, Inc. | 182,900 | 1,604,033 | |
CoreCivic, Inc. | 159,700 | 1,132,273 | |
CorEnergy Infrastructure Trust, Inc. (b) | 84,100 | 500,395 | |
CoreSite Realty Corp. | 7,500 | 940,425 | |
Cousins Properties, Inc. | 415,248 | 13,873,436 | |
CubeSmart | 560,391 | 18,229,519 | |
CyrusOne, Inc. | 13,100 | 915,821 | |
DiamondRock Hospitality Co. | 394,700 | 2,968,144 | |
Diversified Healthcare Trust (SBI) | 596,834 | 2,632,038 | |
EastGroup Properties, Inc. | 92,201 | 12,569,762 | |
Empire State Realty Trust, Inc. | 83,600 | 756,580 | |
Franklin Street Properties Corp. | 275,093 | 1,276,432 | |
Gaming & Leisure Properties | 29,319 | 1,217,911 | |
Global Net Lease, Inc. | 190,184 | 3,174,171 | |
Government Properties Income Trust | 132,285 | 3,022,712 | |
Healthcare Trust of America, Inc. | 8,358 | 217,559 | |
Hospitality Properties Trust (SBI) | 405,313 | 4,807,012 | |
Industrial Logistics Properties Trust | 136,179 | 2,959,170 | |
Lexington Corporate Properties Trust | 40,700 | 415,547 | |
Medical Properties Trust, Inc. | 42,600 | 826,440 | |
MGM Growth Properties LLC | 268,520 | 8,208,656 | |
Mid-America Apartment Communities, Inc. | 103,287 | 13,030,688 | |
National Retail Properties, Inc. | 293,899 | 11,079,992 | |
Omega Healthcare Investors, Inc. | 150,100 | 5,286,522 | |
Outfront Media, Inc. | 472,693 | 8,952,805 | |
Physicians Realty Trust | 416,149 | 7,220,185 | |
Piedmont Office Realty Trust, Inc. Class A | 383,800 | 5,998,794 | |
Potlatch Corp. | 13,300 | 618,982 | |
Preferred Apartment Communities, Inc. Class A | 193,740 | 1,513,109 | |
Retail Value, Inc. | 38,179 | 587,957 | |
RLJ Lodging Trust | 410,046 | 5,055,867 | |
Sabra Health Care REIT, Inc. | 317,800 | 5,237,344 | |
Safety Income and Growth, Inc. | 27,675 | 1,883,837 | |
SITE Centers Corp. | 305,700 | 3,084,513 | |
SL Green Realty Corp. | 24,201 | 1,401,238 | |
Spirit Realty Capital, Inc. | 66,710 | 2,457,596 | |
Stag Industrial, Inc. | 240,825 | 7,171,769 | |
Summit Hotel Properties, Inc. | 198,800 | 1,727,572 | |
The GEO Group, Inc. (b) | 154,500 | 1,460,025 | |
Uniti Group, Inc. | 38,200 | 392,696 | |
VEREIT, Inc. | 1,101,600 | 7,810,344 | |
Xenia Hotels & Resorts, Inc. | 167,800 | 2,364,302 | |
209,986,680 | |||
Real Estate Management & Development - 0.2% | |||
Cushman & Wakefield PLC (a) | 583,179 | 8,689,367 | |
Howard Hughes Corp. (a) | 11,432 | 831,449 | |
Jones Lang LaSalle, Inc. | 19,205 | 2,540,629 | |
Newmark Group, Inc. | 5,900 | 41,418 | |
Tejon Ranch Co. (a) | 78,451 | 1,124,203 | |
13,227,066 | |||
TOTAL REAL ESTATE | 223,213,746 | ||
UTILITIES - 1.1% | |||
Electric Utilities - 0.4% | |||
Alliant Energy Corp. | 133,225 | 7,007,635 | |
FirstEnergy Corp. | 19,856 | 527,375 | |
IDACORP, Inc. | 32,252 | 2,921,386 | |
NRG Energy, Inc. | 220,200 | 7,211,550 | |
PNM Resources, Inc. | 86,169 | 4,231,760 | |
Portland General Electric Co. | 150,905 | 6,244,449 | |
28,144,155 | |||
Gas Utilities - 0.3% | |||
Atmos Energy Corp. | 124,090 | 11,898,990 | |
National Fuel Gas Co. | 107,300 | 4,417,541 | |
South Jersey Industries, Inc. | 24,700 | 568,594 | |
Southwest Gas Holdings, Inc. | 96,212 | 6,181,621 | |
23,066,746 | |||
Independent Power and Renewable Electricity Producers - 0.2% | |||
Sunnova Energy International, Inc. (a) | 13,900 | 563,089 | |
The AES Corp. | 320,392 | 6,548,812 | |
Vistra Corp. | 634,715 | 11,856,476 | |
18,968,377 | |||
Multi-Utilities - 0.2% | |||
CenterPoint Energy, Inc. | 131,119 | 3,040,650 | |
MDU Resources Group, Inc. | 297,800 | 7,427,132 | |
NorthWestern Energy Corp. | 119,067 | 6,905,886 | |
17,373,668 | |||
TOTAL UTILITIES | 87,552,946 | ||
TOTAL COMMON STOCKS | |||
(Cost $5,087,545,626) | 6,982,589,297 | ||
Convertible Preferred Stocks - 0.0% | |||
CONSUMER DISCRETIONARY - 0.0% | |||
Internet & Direct Marketing Retail - 0.0% | |||
The Honest Co., Inc. Series D (a)(d)(e) | |||
(Cost $257,662) | 6,381 | 291,995 | |
Equity Funds - 14.4% | |||
Mid-Cap Blend Funds - 0.2% | |||
Fidelity SAI Small-Mid Cap 500 Index Fund (f) | 1,358,283 | 18,187,408 | |
Sector Funds - 0.9% | |||
Fidelity SAI Real Estate Index Fund (f) | 7,106,299 | 72,839,560 | |
Small Blend Funds - 10.5% | |||
Fidelity Small Cap Discovery Fund (f) | 2,270,319 | 53,170,860 | |
Fidelity Small Cap Index Fund (f) | 18,733,301 | 434,237,909 | |
PIMCO StocksPLUS Small Fund Institutional Class | 32,327,314 | 335,234,250 | |
Vulcan Value Partners Small Cap Fund | 2,900,229 | 48,491,829 | |
TOTAL SMALL BLEND FUNDS | 871,134,848 | ||
Small Growth Funds - 2.1% | |||
Fidelity Small Cap Growth Fund (f) | 882,414 | 28,572,551 | |
T. Rowe Price Institutional Small-Cap Stock Fund | 4,874,154 | 145,834,677 | |
TOTAL SMALL GROWTH FUNDS | 174,407,228 | ||
Small Value Funds - 0.7% | |||
Royce Opportunity Fund Service Class | 4,040,166 | 54,219,023 | |
TOTAL EQUITY FUNDS | |||
(Cost $877,685,423) | 1,190,788,067 | ||
Money Market Funds - 2.7% | |||
Fidelity Cash Central Fund 0.09% (g) | 2,676,286 | 2,676,822 | |
Fidelity Securities Lending Cash Central Fund 0.09% (g)(h) | 98,302,307 | 98,312,137 | |
State Street Institutional U.S. Government Money Market Fund Premier Class .02% (i) | 123,899,136 | 123,899,136 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $224,888,095) | 224,888,095 | ||
TOTAL INVESTMENT IN SECURITIES - 101.2% | |||
(Cost $6,190,376,806) | 8,398,557,454 | ||
NET OTHER ASSETS (LIABILITIES) - (1.2)%(j) | (96,322,847) | ||
NET ASSETS - 100% | $8,302,234,607 |
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) | 7 | Dec. 2020 | $637,035 | $45,920 | $45,920 |
CME E-mini S&P MidCap 400 Index Contracts (United States) | 2 | Dec. 2020 | 433,680 | 60,183 | 60,183 |
TOTAL FUTURES CONTRACTS | $106,103 |
The notional amount of futures purchased as a percentage of Net Assets is 0.0%
Legend
(a) Non-income producing
(b) Security or a portion of the security is on loan at period end.
(c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $12,652,875 or 0.2% of net assets.
(d) Level 3 security
(e) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $291,995 or 0.0% of net assets.
(f) Affiliated Fund
(g) 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.
(h) Investment made with cash collateral received from securities on loan.
(i) The rate quoted is the annualized seven-day yield of the fund at period end.
(j) Includes $59,500 of cash collateral to cover margin requirements for futures contracts.
Additional information on each restricted holding is as follows:
Security | Acquisition Date | Acquisition Cost |
The Honest Co., Inc. Series D | 9/25/15 | $257,662 |
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
Fidelity Cash Central Fund | $6,113 |
Fidelity Securities Lending Cash Central Fund | 1,373,364 |
Total | $1,379,477 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.
Affiliate | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain (loss) | Change in Unrealized appreciation (depreciation) | Value, end of period |
Fidelity SAI Real Estate Index Fund | $99,990,120 | $62,817,433 | $75,000,000 | $122,337 | $(24,345,102) | $9,377,109 | $72,839,560 |
Fidelity SAI Small-Mid Cap 500 Index Fund | 109,403,255 | 460,163,962 | 559,034,844 | 4,740,718 | 1,220,250 | 6,434,785 | 18,187,408 |
Fidelity Small Cap Discovery Fund | -- | 40,000,000 | -- | -- | -- | 13,170,860 | 53,170,860 |
Fidelity Small Cap Growth Fund | -- | 21,340,570 | -- | 1,340,570 | -- | 7,231,981 | 28,572,551 |
Fidelity Small Cap Index Fund | 107,434,853 | 1,300,912,718 | 1,042,973,600 | 974,975 | (37,002,873) | 105,866,811 | 434,237,909 |
Total | $316,828,228 | $1,885,234,683 | $1,677,008,444 | $7,178,600 | $(60,127,725) | $142,081,546 | $607,008,288 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.
If an unaffiliated Underlying Fund's net asset value is unavailable, shares of that fund may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and is categorized as Level 2 in the hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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